{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi USD Corporate Bond Climate Paris Aligned UCITS ETF Acc",
    "investment_objective": "Track the Bloomberg MSCI USD Corporate PAB Green Tilted Index with minimized tracking error",
    "primary_asset_class": "Bond",
    "geographic_focus": "USD-denominated corporate bonds, primarily US",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS fund physically replicating the Bloomberg MSCI USD Corporate PAB Green Tilted Index, primarily investing in USD investment grade corporate bonds. The KIID and PRIIPs KID explicitly state the replication method is direct or sampled physical replication, with derivatives only used for efficient portfolio management and inflows/outflows, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or funded/unfunded swaps. Leverage or inverse exposure is not present. The risk indicator is moderate-low (3/7), consistent with a bond ETF without complex features. The fund does not employ capital protection, structured products, or contingent bonds. Costs are straightforward with a low ongoing charge (0.14%) and no performance fees. Securities lending is used to generate additional income but does not add complexity under MiFID II. The underlying assets are liquid, investment grade corporate bonds with no indication of illiquidity or hard-to-value securities. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication, no use of swaps, and a straightforward bond portfolio with a modified duration of 6.74 and average rating BBB. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance without complex derivative or leverage features, supporting a non-complex classification under MiFID II."
}