{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI USD HIGH YIELD CORPORATE BOND ESG UCITS ETF Dist",
    "investment_objective": "Track the Bloomberg MSCI ESG US Corporate High Yield Select Index, a total return index of fixed-rate high yield corporate bonds with ESG criteria",
    "primary_asset_class": "Bond",
    "geographic_focus": "Primarily United States (88.06%) with minor exposures to Canada, UK, Australia, Italy, Japan, and others",
    "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 ESG US Corporate High Yield Select Index by direct investments in underlying bonds, using a sampled replication approach. The KIID and PRIIPs KID confirm no synthetic replication or use of funded or unfunded swaps. Derivatives may be used only for efficient portfolio management and to manage inflows/outflows, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk level is moderate (3/7 in PRIIPs KID, 5/7 in KIID but mainly reflecting credit risk), with no capital protection or structured features. The fund invests in liquid, fixed-rate high yield corporate bonds with ESG filters, no contingent convertible bonds or complex structured products are mentioned. Counterparty risk is disclosed but limited to securities lending and operational risks, not from synthetic replication. Costs are straightforward with a TER of 0.25%, no performance fees, and no swap fees. The factsheet confirms physical replication, no synthetic or swap usage, and a straightforward bond portfolio with 859 holdings and an average rating of B. The PRIIPs KID does not include any comprehension warnings or complexity flags. Therefore, under MiFID II criteria, this ETF is non-complex."
}