{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI PRIME US TREASURY - UCITS ETF DR",
    "investment_objective": "Track the performance of Solactive US Treasury Bond Index with minimal 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 that physically replicates the Solactive US Treasury Bond Index by direct investment in USD-denominated US Treasury securities. The KIID and PRIIPs KID explicitly state the use of direct replication with only limited derivative use for operational purposes such as managing inflows/outflows or better exposure to index constituents, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty risk beyond normal operational risk. The risk profile is moderate-low (3/7), consistent with a straightforward bond ETF. No leverage, inverse or amplified return features are present. The factsheet confirms physical replication, no leverage, no complex underlying assets, and no capital protection or structured features. Costs are simple with a low ongoing charge and no performance fees. The product is intended for retail investors with basic knowledge and no special investment expertise is required. No complexity flags such as contingent bonds, structured products, or significant counterparty risk are identified. Overall, the ETF exhibits a clear, linear relationship to the underlying US Treasury bond index and is therefore classified as non-complex under MiFID II."
}