{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI North America ESG Climate Net Zero Ambition CTB UCITS ETF Acc",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF tracks the MSCI North America ESG Broad CTB Select Index using direct physical replication by investing directly in transferable securities representing the index constituents in proportions very close to the index. The KIID and PRIIPs KID confirm that derivatives may be used only for efficient portfolio management and to manage inflows/outflows, not as an inherent part of the investment strategy, so derivative use is incidental and limited. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty risk related to derivatives. The fund is UCITS compliant, with a low ongoing charge of 0.15%, no performance fees, and no leverage or inverse exposure. The risk indicator is moderate (5/7), reflecting market risk typical of equity ETFs, with no capital protection or structured features. The underlying assets are large and mid-cap North American equities with ESG and climate transition focus, which are liquid and transparent. The factsheet confirms no use of swaps or synthetic replication. No complex structured products or contingent bonds are held. The fund uses securities lending to generate additional income, which is common and not a complexity driver under MiFID II. There are no capital guarantee or principal protection features. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF exhibits a straightforward, physical replication strategy with minimal derivative use for operational purposes only, no leverage, and invests in liquid equity securities, leading to a non-complex classification under MiFID II."
}