{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi US Treasury Bond Long Dated UCITS ETF Dist",
    "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 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-compliant bond ETF tracking a well-known Bloomberg Barclays US Long Treasury Index. The KIID and PRIIPs KID clearly state the fund uses direct replication or sampling of physical securities, with no mention of synthetic replication, swap agreements, or derivative instruments as part of the investment strategy. The factsheet confirms physical replication and no use of funded or unfunded swaps. There is no leverage, inverse exposure, or capital protection features. The risk rating is moderate (4/7), consistent with a bond ETF investing in long-dated US Treasuries. Costs are straightforward with a low ongoing charge (0.06%) and no performance fees. Counterparty risk is limited to securities lending programs, which is typical and does not imply complexity under MiFID II. The underlying assets are liquid US Treasury bonds, with no complex structured products or contingent convertible bonds. No references to complex indices, roll costs, contango, or backwardation effects are present. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance and minimal derivative exposure used only for risk management if any, thus it is classified as non-complex under MiFID II."
}