{
    "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 is physically replicated, tracks a straightforward bond index (Bloomberg US Treasury 3-7 Year Index), and does not use derivatives for leverage or complex strategies. The underlying assets are liquid US Treasury bonds with investment-grade ratings. The fund's risk profile (category 3) is moderate and easily understandable for retail investors. There are no capital protection mechanisms, inverse strategies, or synthetic replication methods. The only minor complexity factor is securities lending (which is standard for many ETFs), but this does not trigger a 'complex' classification under MiFID II. The PRIIPs KID and factsheet confirm physical replication and no derivative usage beyond standard ETF operations.",
    "confidence": 95
}