{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi US Treasury Bond Long Dated UCITS ETF GBP Hedged Dist",
    "investment_objective": "To reflect the performance of the Bloomberg Barclays US Long Treasury Index, representing US Treasury bonds with maturities exceeding 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 uses physical replication primarily by investing directly in the securities comprising the Bloomberg Barclays US Long Treasury Index, with possible sampling to optimize replication. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. The fund employs a currency hedging strategy to reduce GBP/USD currency risk, but this is a risk management technique rather than an inherent derivative-based strategy, so derivatives are marked false. The fund is UCITS compliant and has a low ongoing charge of 0.06%, with no performance fees or complex fee structures. The risk profile is medium (4 out of 7), reflecting typical bond market risks such as credit, liquidity, and currency hedging risk, but no complexity flags such as leverage, capital protection, or structured features are present. The factsheet confirms physical replication and no use of swaps or leverage. Counterparty risk is limited and related only to securities lending programs, not to synthetic replication. The underlying assets are liquid US Treasury bonds with high credit quality (AA+ average rating). No complex underlying assets like contingent convertible bonds or CLOs are held. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF exhibits a straightforward, transparent, and linear investment strategy consistent with a non-complex classification under MiFID II."
}