{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares $ Treasury Bond 3-7yr UCITS ETF is a physically replicated fund that primarily invests in US Treasury bonds with maturities between 3-7 years. The fund uses optimizing techniques, which may include the strategic selection of securities and the use of financial derivative instruments (FDIs) for direct investment purposes. However, the derivatives are used for efficient portfolio management rather than as a core strategy, and there is no indication of leverage, inverse exposure, or synthetic replication. The fund's risk profile is straightforward, with a risk rating of 3 out of 7, and it invests in liquid, transparent securities. The KIID and factsheet do not mention any complex structures, capital protection mechanisms, or significant counterparty risks beyond standard market risks. The fund is UCITS-compliant, which generally aligns with non-complex classifications under MiFID II.",
    "confidence": 95
}