{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi IBEX 35 UCITS ETF Dist",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Amundi IBEX 35 UCITS ETF Dist is a UCITS-compliant ETF that physically replicates the IBEX 35 Net Return Index by investing primarily in the underlying equities of the index. The KIID and PRIIPs KID confirm the fund uses direct replication and sampling techniques without synthetic replication or swap agreements. The factsheet explicitly states the replication type as physical. There is no mention of leverage, inverse exposure, or capital protection mechanisms. The fund invests in liquid, transparent Spanish equities with no complex underlying assets such as contingent convertible bonds or CLOs. While the fund has a medium-high risk rating (5/7) reflecting equity market risk, this is typical for equity ETFs and does not indicate complexity under MiFID II. Counterparty risk disclosures relate only to securities lending programs, not to swap or derivative counterparty risk. Costs are straightforward with no performance fees or swap fees. There is no indication of derivative use as an inherent part of the investment strategy, only possible incidental use for risk management, which does not trigger complexity. The PRIIPs KID does not include any comprehension warnings or complexity flags. Therefore, the ETF is classified as non-complex under MiFID II criteria."
}