{
    "fund_name": "Amundi US Treasury Bond Long Dated UCITS ETF GBP Hedged Dist",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Bloomberg Barclays US Long Treasury Index, which consists of long-dated US Treasury bonds. The fund employs a sampling replication strategy but does not use synthetic replication or derivatives for investment purposes. The only derivative usage mentioned is for currency hedging via a swap with Morgan Stanley Bank AG and Societe Generale, but this is within UCITS guidelines (exposure limited to 10% of total assets). The risk profile is straightforward (risk level 3/7), and the fund is UCITS-compliant with transparent holdings. While there is counterparty risk from the swap, it is managed within regulatory limits and does not materially alter the fund's risk profile. The underlying index is a standard bond index without complex features. Therefore, the ETF does not meet MiFID II criteria for complexity.",
    "confidence": 95
}