{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI INDEX MSCI PACIFIC EX JAPAN SRI PAB - UCITS ETF DR - EUR",
    "investment_objective": "Track the MSCI Pacific ex Japan SRI Filtered PAB Index with ESG and EU Paris-aligned benchmark characteristics",
    "primary_asset_class": "equity",
    "geographic_focus": "Pacific region excluding Japan (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 fund that physically replicates the MSCI Pacific ex Japan SRI Filtered PAB 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 better exposure to index constituents, 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, inverse or amplified exposure. The underlying assets are large and mid-cap equities from developed markets in the Pacific region, which are liquid and transparent. The risk profile is moderate (4/7), consistent with equity market risk, without additional complexity flags such as capital protection or structured features. Costs are straightforward with a single ongoing charge of 0.45%, no performance fees, and no swap or derivative fees. The factsheet confirms physical replication and no use of synthetic structures. There are no complex underlying assets like contingent convertible bonds or CLOs. The ESG and EU Paris-aligned benchmark features do not add complexity under MiFID II. No PRIIPs comprehension warnings or complexity flags are present. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance and is suitable for retail investors with basic investment knowledge.",
    "risk_level_assessment": "The fund's stated risk profile is medium (4 out of 7), reflecting typical equity market risk without additional complexity. This aligns with the non-complex classification as the risks are straightforward market and liquidity risks without derivative or leverage-related complexity."
}