{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Amundi IBEX 35 UCITS ETF Acc is a UCITS-compliant equity ETF that physically replicates the IBEX 35 Net Return Index by investing primarily in the underlying components of the index. The KIID and PRIIPs KID documents explicitly state the use of direct replication and sampling techniques without mention of synthetic replication or swap agreements. The factsheet confirms physical replication and no use of derivatives as an inherent part of the investment strategy. There is no leverage, inverse exposure, or capital protection features. The risk profile is moderate (5/7), consistent with equity market risk, and no significant derivative or counterparty risk is disclosed beyond normal market risks. Costs are straightforward with no performance fees or swap fees. The product is designed for retail investors with basic knowledge and no complex risk disclosures or warnings about suitability. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}