{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI MSCI WORLD CLIMATE NET ZERO AMBITION PAB UCITS ETF - Acc",
    "investment_objective": "Track the MSCI World Climate Paris Aligned Filtered Index, an equity index focused on large and mid-cap stocks across developed markets with ESG and climate-aligned criteria.",
    "primary_asset_class": "equity",
    "geographic_focus": "Developed markets globally, with major exposure to the US, Canada, Japan, Europe, and others.",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication as confirmed by the factsheet, investing directly in the underlying securities of the MSCI World Climate Paris Aligned Filtered Index. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy, only limited use of derivatives for efficient portfolio management and inflows/outflows, which does not trigger complexity under MiFID II. The fund is UCITS compliant, with a straightforward index-tracking objective and invests in liquid, transparent equity securities. The risk profile is medium (4/7), reflecting market risk typical of equity ETFs, with no leverage or capital protection features. Costs are simple with a 0.20% ongoing charge and no performance fees. No complex underlying assets such as contingent convertible bonds or CLOs are held. The PRIIPs KID does not include any comprehension warnings or complexity flags. The fund\u2019s tracking error is low (~0.05%), and the portfolio closely mirrors the benchmark. Overall, the ETF\u2019s structure and disclosures indicate a non-complex product under MiFID II criteria."
}