{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI MSCI WORLD UCITS ETF ACC",
    "investment_objective": "Track the performance of MSCI WORLD Index with minimal tracking error",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global developed markets",
    "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 World Index by direct investment in underlying securities. The KIID and PRIIPs KID explicitly state the replication method as 'Direct Replication' and 'Physical replication'. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy, only limited use of derivatives for efficient portfolio management and inflows/outflows, which is standard and not considered inherent to the strategy. The fund does not employ leverage, inverse or amplified exposure. The risk indicator is moderate (4/7), consistent with a broad equity index fund. The factsheet confirms no use of leverage or complex underlying assets, and the portfolio consists of approximately 1395 holdings of large and mid-cap equities across developed markets. No capital protection or structured features are present. Costs are straightforward with a low ongoing charge of 0.12%, no performance fees, and no swap or derivative fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, invests directly in liquid, transparent securities, and has minimal derivative exposure used only for operational purposes. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}