{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "Currency Hedging"
        ],
        "classification": "non-complex",
        "supporting_data": "The Amundi US Treasury Bond 3-7Y UCITS ETF GBP Hedged Dist is a UCITS ETF and therefore presumed non-complex. It aims to reflect the performance of the Bloomberg Barclays US Treasury 3-7 Year Index through direct replication, investing primarily in the securities comprising the index. The ETF uses a daily hedging strategy to minimize currency risk between GBP (share class currency) and USD (benchmark index currency), which is a common practice for UCITS ETFs to mitigate currency fluctuations and does not inherently introduce complexity. The document explicitly states 'The lowest category does not mean 'risk free'.' and lists 'Hedging risk' as an important risk, but this is related to the effectiveness of the hedge, not structural complexity. There is no mention of derivatives being integral to the investment objective, embedded derivatives, leverage beyond temporary borrowing, or opaque investment strategies. The underlying index is a standard US Treasury bond index. Therefore, based on the provided information and MiFID II guidelines, the ETF is classified as non-complex."
    }
}