{
    "fund_name": "Invesco Euro Government Bond 5-7 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 via sampling techniques to track the Bloomberg Euro Government Select 5-7 Year Index. It does not employ synthetic replication, leverage, or derivatives beyond what might be used for efficient portfolio management (e.g., securities lending). The underlying assets are straightforward government bonds from major Eurozone countries, which are liquid and transparent. The risk profile (category 4) is typical for bond ETFs and does not indicate unusual complexity. The KIID and factsheet confirm no use of swaps, leverage, or inverse strategies. The ETF is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 95,
    "risk_level_assessment": "The ETF's risk level (category 4) aligns with its investment in Eurozone government bonds, which are subject to interest rate and credit risks but are generally well-understood by retail investors. The absence of complex strategies or derivatives usage beyond standard portfolio management reinforces the non-complex classification."
}