{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Amundi US Treasury Bond 3-7Y UCITS ETF GBP Hedged Dist is a UCITS-compliant ETF that physically replicates the Bloomberg Barclays US Treasury 3-7 Year Index by investing primarily in the underlying US Treasury bonds with maturities between 3 and 7 years. The fund uses a direct or sampling replication strategy and does not employ synthetic replication or total return swaps. The currency hedging strategy is implemented daily to reduce GBP/USD currency risk but is not described as involving derivatives for investment purposes, rather for risk management, so derivatives exposure is minimal and not inherent to the investment strategy. There is no leverage, inverse exposure, or capital protection mechanism. The risk profile is low (risk level 2 out of 7), consistent with investment in liquid, sovereign bonds. Counterparty risk is limited and related only to securities lending programs or operational counterparties, with exposure capped at 10%. Fees are straightforward with a low ongoing charge of 0.06% and no performance fees. The underlying assets are plain vanilla US Treasury bonds, which are liquid and transparent. The PRIIPs KID confirms a low complexity profile with no comprehension warnings or complex cost structures. The factsheet confirms physical replication, no use of swaps or synthetic structures, and a simple, linear index tracking objective. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}