{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI STOXX EUROPE 600 UCITS ETF EUR HEDGED DIST",
    "investment_objective": "Track the performance of STOXX Europe 600 Index with minimized tracking error",
    "primary_asset_class": "Equity",
    "geographic_focus": "Europe (Developed Markets)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity fund tracking the STOXX Europe 600 Index via direct physical replication, investing directly in the underlying securities in proportions closely matching the index. The KIID and PRIIPs KID confirm that derivatives may be used only for efficient portfolio management and to handle inflows/outflows, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or counterparty risk related to derivatives. The fund does not employ leverage or inverse strategies. The risk rating is moderate (4/7), reflecting market risk typical of equity investments, with no capital protection or structured features. Costs are straightforward with a low ongoing charge of 0.15%, no performance fees, and no complex fee structures. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. The index tracked is a broad, liquid, transparent equity index without complex derivatives embedded. No complexity flags such as contingent bonds, capital protection, or leverage are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}