{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using derivatives",
        "Securities lending"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication to track the ICE U.S. Treasury 7-10 Year Bond Index, which is a straightforward government bond index. While it does use derivatives for currency hedging (FX forward contracts) and securities lending, these are common practices in bond ETFs and do not significantly alter the risk profile. The fund does not use swaps for synthetic replication or leverage, and there is no inverse or complex structured exposure. The risk profile is rated 4 (moderate), and the underlying assets are highly liquid U.S. Treasury bonds. The use of derivatives is limited to efficient portfolio management and hedging, not for speculative or complex strategies. The PRIIPs KID does not contain a comprehension warning, further supporting the non-complex classification.",
    "confidence": 90
}