{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI Europe ESG Broad Transition - UCITS ETF DR - EUR",
    "investment_objective": "Track the performance of MSCI Europe ESG Broad CTB Select Index with minimized tracking error",
    "primary_asset_class": "Equity",
    "geographic_focus": "Europe (Developed markets countries in Europe)",
    "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 Europe ESG Broad CTB Select Index by direct investment in transferable securities closely matching the index constituents. The KIID and PRIIPs KID explicitly state the use of physical 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, or funded/unfunded swap structures. No leverage or inverse exposure is present. The risk profile is moderate (4 out of 7), reflecting typical equity market risk without additional complexity. The fund invests in liquid, large and mid-cap European equities with ESG and climate transition criteria, and does not hold complex underlying assets such as contingent convertible bonds or CLOs. Costs are straightforward with a low ongoing charge (0.12%) and no performance fees. Securities lending is used to generate additional income but does not imply complexity under MiFID II. The monthly factsheet confirms physical replication and no synthetic or leveraged structures. 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 and is suitable for retail investors with basic investment knowledge.",
    "risk_level_assessment": "The fund's stated risk level is 4 out of 7, indicating medium risk typical of equity investments. This aligns with the non-complex classification as the risk arises from market exposure rather than structural or derivative complexity."
}