{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI MSCI WORLD ESG CLIMATE NET ZERO AMBITION CTB UCITS ETF Acc A",
    "investment_objective": "Track the MSCI World ESG Broad CTB Select Index, minimizing tracking error, promoting ESG and climate transition characteristics",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed markets - 23 developed countries",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF uses direct physical replication by investing directly in transferable securities representing the index constituents in proportions close to the index. The KIID and PRIIPs KID explicitly state that derivatives may be used only for efficient portfolio management and to manage inflows/outflows, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or counterparty risk related to derivatives. Leverage or inverse exposure is not present. The underlying assets are large and mid-cap equities from developed markets, with no complex structured products or contingent bonds. The risk indicator is moderate (4/7), reflecting market risk typical of equity ETFs, with no elevated derivative or counterparty risk disclosures. Costs are straightforward with no performance fees or swap fees. Securities lending is used to generate additional income but does not add complexity under MiFID II. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use for risk management only, physical replication, and no leverage or complex underlying assets, leading to a non-complex classification under MiFID II."
}