{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI New Energy ESG Screened UCITS ETF Dist",
    "investment_objective": "Replicate the USD-denominated MSCI ACWI IMI New Energy ESG Filtered Net Total Return Index using direct physical replication or sampling to minimize tracking error.",
    "primary_asset_class": "Equity",
    "geographic_focus": "International (Global, with significant US, Europe, and Asia exposure)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity fund that physically replicates the MSCI ACWI IMI New Energy ESG Filtered Index, primarily investing directly in the underlying securities or using representative sampling. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments as part of the investment strategy. The fund does not employ leverage, inverse exposure, or capital protection mechanisms. The risk profile is medium-high (5/7), consistent with equity market risk, but no complexity flags such as counterparty risk or derivative-related risks are disclosed. Costs are straightforward with a 0.60% ongoing charge and no performance fees. The PRIIPs KID does not include any comprehension warnings or complexity disclaimers. The factsheet confirms physical replication and direct investment in liquid equity securities with no use of swaps or leverage. The underlying index uses ESG screening but does not involve complex structured products or contingent bonds. Therefore, the fund\u2019s structure and strategy are straightforward and transparent, leading to a non-complex classification under MiFID II."
}