{
    "fund_name": "UBS BBG US Treasury 7-10 UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Physical replication of US Treasury bonds",
        "No leverage or inverse exposure",
        "No synthetic replication or swap usage",
        "Straightforward index-tracking objective"
    ],
    "classification": "non-complex",
    "supporting_data": "The KIID and fact sheet confirm this is a physically replicated ETF tracking the Bloomberg US 7-10 Year Treasury Bond Index. It uses direct investment in the underlying securities with no derivatives, swaps, or leverage. The risk profile is moderate (risk category 4) with clear disclosure about bond market risks. The fact sheet explicitly states 'Physical (Full replicated)' as the replication methodology. There are no complexity indicators like capital protection, structured features, or complex underlying assets. The fund is UCITS-compliant and follows a straightforward passive management strategy.",
    "confidence": 95
}