{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI EMU Small Cap ESG CTB Net Zero Ambition UCITS ETF DIST",
    "investment_objective": "Track the MSCI EMU Small Cap ESG Broad CTB Select Net EUR Index with ESG and Climate Transition Benchmark characteristics",
    "primary_asset_class": "Equity",
    "geographic_focus": "Eurozone (European Economic and Monetary Union countries)",
    "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 MSCI EMU Small Cap ESG Broad CTB Select Net EUR Index by direct investment in underlying securities. The KIID and PRIIPs KID confirm the use of physical replication with derivatives only used for efficient portfolio management and managing 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 underlying assets are small-cap equities in developed EMU countries, with ESG and climate transition criteria applied, but no complex structured products or contingent bonds are held. The risk profile is moderate (4 out of 7), consistent with equity market risk, without elevated derivative or counterparty risk disclosures. Costs are straightforward with a 0.40% ongoing charge and no performance fees or swap fees. Securities lending is used to generate additional income but does not add complexity under MiFID II. The factsheet confirms physical replication and no synthetic or swap-based exposure. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use for operational purposes only, and no leverage or complex underlying assets, leading to a non-complex classification under MiFID II."
}