{
    "name": "Amundi US Treasury Bond Long Dated UCITS ETF Acc",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [
        "Swaps",
        "Counterparty Risk"
    ],
    "classification": "complex",
    "supporting_data": "The ETF uses physical replication but acknowledges the use of OTC swaps with counterparties like Morgan Stanley Bank AG and Societe Generale, which introduces counterparty risk. While the primary replication method is physical, the presence of swaps and the associated counterparty risk (even if limited to 10% of total assets) introduces complexity under MiFID II. The KIID and factsheet explicitly mention counterparty risk due to swap usage, which is a key indicator of complexity. Additionally, the factsheet highlights operational risks and liquidity risks, further supporting the classification as complex.",
    "confidence": 85,
    "risk_level": 4,
    "counterparty_risk": true,
    "liquidity_risk": true,
    "benchmark_complexity": false,
    "structured_features": false,
    "capital_protection": false,
    "illiquid_assets": false,
    "comprehension_warning": false
}