{
    "fund_name": "Invesco US Treasury Bond 3-7 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 3-7 Year Index. It does not employ leverage, inverse strategies, or synthetic replication. The underlying assets are straightforward US Treasury bonds, which are highly liquid and transparent. The risk profile is moderate (risk category 3), 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 counterparty risks or complex financial instruments.",
    "confidence": 95,
    "risk_level": 3,
    "additional_notes": "The ETF's use of FX forwards for currency hedging is a standard practice and does not introduce complexity under MiFID II. The sampling technique is a common method for physical replication and does not inherently add complexity. The absence of leverage, inverse strategies, or synthetic replication further supports the non-complex classification."
}