{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Amundi BEL 20 UCITS ETF Dist is a UCITS-compliant equity ETF that physically replicates the BEL 20 Net Return Index, which tracks the 20 largest Belgian stocks listed on Euronext Brussels. The fund uses direct replication and may employ sampling techniques and temporary guaranteed sales of securities to optimize tracking, but there is no indication of synthetic replication or use of swap agreements or derivatives as an inherent part of the investment strategy. The risk profile is moderate (5/7), reflecting equity market risk rather than complexity. The fund does not employ leverage, inverse or amplified exposure. The factsheet confirms physical replication and no use of funded or unfunded swaps. Counterparty risk disclosures relate only to securities lending programs, which is common in physically replicated ETFs and does not imply synthetic replication. Costs are straightforward with a 0.50% ongoing charge and no performance fees. There are no capital protection or structured features. The underlying assets are liquid, transparent equities. The PRIIPs KID does not include any comprehension warnings or complexity flags. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}