{
    "fund_name": "Invesco US Treasury Bond 1-3 Year UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication with sampling techniques to track the Bloomberg US Treasury 1-3 Year Index. It does not employ leverage, inverse strategies, or synthetic replication. The underlying assets are straightforward US Treasury bonds with clear maturity and credit quality criteria. The risk profile is low (category 2), and there are no indications of complex structures or derivative usage beyond standard currency hedging (FX forwards) for the share class. The KIID and factsheet confirm no significant derivative exposure or complex features.",
    "confidence": 95,
    "risk_level": 2,
    "additional_notes": "The ETF's use of FX forwards for currency hedging is a standard practice for UCITS ETFs and does not introduce complexity under MiFID II. The sampling technique is a common and transparent method for physical replication. The absence of leverage, inverse strategies, or synthetic replication further supports the non-complex classification."
}