{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI EMU ESG Selection - UCITS ETF DR - EUR",
    "investment_objective": "Track the MSCI EMU ESG Selection P-Series 5% Issuer Capped Index with minimized tracking error",
    "primary_asset_class": "Equity",
    "geographic_focus": "European Economic and Monetary Union (EMU)",
    "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 that physically replicates the MSCI EMU ESG Selection Index by direct investment in underlying securities. The KIID and PRIIPs KID explicitly state the use of direct replication with only limited derivative use for operational purposes such as managing inflows/outflows or improving exposure to index constituents, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty risk related to derivatives. The fund does not employ leverage, inverse or amplified exposure. The risk rating is moderate (4/7), reflecting typical equity market risk without complexity flags. Costs are straightforward with a simple ongoing charge of 0.25%, no performance fees, and no swap or derivative fees. The underlying assets are large and mid-cap European equities with ESG criteria, which are liquid and transparent. The factsheet confirms physical replication and no use of synthetic structures. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund exhibits a clear, linear relationship to the underlying index performance and minimal derivative use solely for risk management, thus classifying it as non-complex under MiFID II."
}