{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI Europe ex EMU ESG Leaders UCITS ETF Acc",
    "investment_objective": "Replicate as closely as possible the performance of the MSCI Europe ex EMU ESG Leaders Select 5% Issuer Capped Index",
    "primary_asset_class": "Equity",
    "geographic_focus": "Europe (excluding EMU countries)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant, passively managed equity fund aiming to replicate the MSCI Europe ex EMU ESG Leaders Select 5% Issuer Capped Index using a direct physical replication method. The KIID and PRIIPs KID documents explicitly state that the fund invests directly in the underlying securities in proportions very close to the index composition. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments as part of the investment strategy. The factsheet confirms physical replication and no use of leverage or inverse exposure. The risk profile is moderate (4 out of 7), consistent with a straightforward equity index tracking fund. Costs are simple, with no performance fees or swap fees. No capital protection or structured features are present. Counterparty risk is mentioned only in a generic UCITS context, not linked to swap or derivative counterparty exposure. The index tracked is a standard MSCI ESG filtered equity index without complex structured products or contingent bonds. There are no references to roll costs, contango, or backwardation effects. Overall, the fund exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}