{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi CAC 40 UCITS ETF Dist",
    "investment_objective": "Replicate the EUR-denominated CAC 40 Gross Total Return Index (gross dividends reinvested) with minimized tracking error",
    "primary_asset_class": "Equity",
    "geographic_focus": "France / European Union",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fund that physically replicates the CAC 40 Gross Total Return Index by investing directly in the underlying securities or through representative sampling. The KIID and PRIIPs KID documents confirm the use of physical replication without synthetic or swap-based structures. The factsheet explicitly states 'Replication type: Physical' and no mention of synthetic replication or funded/unfunded swaps is found. While there is a mention of counterparty risk related to securities lending programs, this is typical for physically replicated ETFs and does not imply synthetic replication or swap usage. There is no leverage, inverse exposure, or capital protection features. The risk profile is medium-high (5/7) reflecting market risk of French equities, not complexity. Costs are straightforward with a TER of 0.25%, no performance fees, and no complex fee structures. The underlying index is a standard large-cap equity index with no complex structured products or contingent bonds. No references to leverage, derivatives as inherent strategy, or complex structured features are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}