{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The Amundi US Treasury Bond 3-7Y UCITS ETF Dist is an index-tracking UCITS ETF that passively manages its portfolio to reflect the performance of the Bloomberg Barclays US Treasury 3-7 Year Index. It uses direct replication, investing primarily in the securities that comprise the Benchmark Index, with the possibility of using a sampling replication strategy for optimization. The ETF invests in US Treasury bonds, which are considered non-complex money market instruments/bonds by MiFID II regulations, provided they do not embed derivatives. The KIID indicates a risk level of 1-2, suggesting a low-risk profile primarily driven by market risk, not structural complexity. The fund's objective, structure (physical replication), and risks (market volatility, tracking error) are straightforward and easily understood by retail investors. There is no mention of leverage, embedded derivatives, or opaque features. Securities lending is not specified as a significant feature that would increase complexity. The ESMA guidelines and MiFID II framework classify UCITS ETFs with physical replication of transparent indices as non-complex, as long as they do not use derivatives integral to their strategy or have other complex features. This ETF meets those criteria."
    }
}