{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi USD Corporate Bond Climate Paris Aligned UCITS ETF EUR Hedged Dist",
    "investment_objective": "Track the Bloomberg MSCI USD Corporate PAB Green Tilted Index with ESG characteristics and minimize tracking error",
    "primary_asset_class": "Bond",
    "geographic_focus": "USD-denominated corporate bonds, mainly US issuers",
    "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 through direct investments in transferable securities and sampled replication. The KIID and PRIIPs KID confirm no synthetic replication or use of funded or unfunded swaps. Derivatives are only used for efficient portfolio management and currency hedging, not as an inherent part of the investment strategy, so derivatives exposure is minimal and for risk management purposes only. There is no leverage, inverse or amplified exposure. The risk profile is moderate-low (3/7), consistent with investment grade corporate bonds. The fund holds a diversified portfolio of over 2400 bonds, mainly investment grade, with no contingent convertible bonds or complex structured products. The charges are straightforward with a low ongoing charge of 0.20% and no performance fees. Counterparty risk is disclosed but limited due to the physical replication and minimal derivative use. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication and no swap usage. Overall, the fund\u2019s structure and strategy are straightforward, transparent, and linear in relation to the underlying index performance, leading to a non-complex classification under MiFID II."
}