{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI CAC 40 ESG UCITS ETF DR - EUR",
    "investment_objective": "Track the performance of CAC 40 ESG Index with minimized tracking error",
    "primary_asset_class": "equity",
    "geographic_focus": "France / Europe",
    "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 CAC 40 ESG Index by direct investment in transferable securities representing the index constituents in proportions very close to the index. The KIID and PRIIPs KID explicitly state the use of physical replication, with derivatives only used marginally for managing inflows/outflows or to gain better 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 swaps. No leverage or inverse exposure is present. The underlying assets are large-cap French equities with ESG criteria, which are liquid and transparent. The risk profile is moderate (5/7), reflecting market risk typical of equity investments, without additional complexity flags such as capital protection or structured features. Costs are straightforward with a TER of 0.25%, no performance fees, and no complex fee structures. The factsheet confirms physical replication and no use of swaps or leverage. There are no references to complex underlying assets like contingent convertible bonds or CLOs. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance and minimal derivative use only for operational efficiency, which under MiFID II guidelines classifies it as non-complex."
}