{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi US Treasury Bond Long Dated UCITS ETF Acc",
    "investment_objective": "To reflect the performance of the Bloomberg Barclays US Long Treasury Index, representative of US Treasury bonds with maturities exceeding 10 years, via direct or sampling physical replication.",
    "primary_asset_class": "Bond",
    "geographic_focus": "United States",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS fund physically replicating the Bloomberg Barclays US Long Treasury Index by investing primarily in the underlying US Treasury bonds with maturities over 10 years. The KIID and PRIIPs KID explicitly state the use of direct replication or sampling replication strategies without mention of synthetic replication or swap agreements. The factsheet confirms physical replication and no use of funded or unfunded swaps. Counterparty risk is mentioned only in relation to securities lending programs, which is common and limited in scope. There is no leverage, inverse exposure, or capital protection features. The risk rating is moderate (4/7), consistent with bond market risk, not complexity. Costs are straightforward with a low ongoing charge (0.06%) and no performance fees or swap fees. The underlying assets are liquid US Treasury bonds, with no complex structured products or contingent convertible bonds. No references to complex indices, derivatives as inherent strategy, or capital protection mechanisms are found. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use only for risk management (securities lending). Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}