{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi US Treasury Bond Long Dated UCITS ETF EUR Hedged Dist",
    "investment_objective": "To reflect the performance of the Bloomberg Barclays US Long Treasury Index (USD denominated US Treasury bonds with maturities >10 years) while minimizing tracking error.",
    "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 physically replicating the Bloomberg Barclays US Long Treasury Total Return Index. The KIID and PRIIPs KID confirm direct investment primarily in the underlying US Treasury bonds with maturities exceeding 10 years. The fund uses physical replication with possible sampling to optimize replication, but no synthetic replication or swap usage is mentioned. The currency risk is hedged via a daily hedging strategy, but this is a risk management derivative use, not an inherent strategy element, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk rating is 4/7, indicating medium risk typical for long-duration bonds, with no capital protection or structured features. Costs are straightforward with a low ongoing charge of 0.10%, no performance fees, and no swap or derivative fees. Counterparty risk is disclosed but limited, mainly related to operational and hedging counterparties, not to synthetic replication. The underlying assets are liquid US Treasury bonds, highly transparent and easy to value. The factsheet confirms physical replication, no use of swaps, and no complex underlying assets. No complexity flags such as contingent convertible bonds, CLOs, or structured products are present. The PRIIPs KID does not include any comprehension warnings or complexity disclaimers. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use solely for currency hedging, and no leverage or synthetic replication. Therefore, under MiFID II, this ETF is classified as non-complex."
}