{
    "complex": false,
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [
        "Currency hedging using derivatives",
        "Securities lending activities"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication to track the ICE U.S. Treasury 1-3 Year Bond Index, investing directly in government bonds. While it does use derivatives for currency hedging (FX forward contracts) and may engage in securities lending, these activities are standard for bond ETFs and do not significantly alter the risk profile. The fund's risk rating is low (2/7), and the underlying assets (US Treasury bonds) are highly liquid and transparent. The use of derivatives is limited to efficient portfolio management and hedging, not for leverage or complex strategies. The PRIIPs KID and factsheet confirm the physical replication approach and straightforward investment strategy.",
    "confidence": 90
}