{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi EUR Corporate Bond 0-1Y ESG - UCITS ETF DR",
    "investment_objective": "Track the performance of iBoxx MSCI ESG EUR Corporates 0-1 TCA Index with ESG characteristics, minimizing tracking error",
    "primary_asset_class": "Bond",
    "geographic_focus": "Eurozone / Euro-denominated corporate bonds",
    "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 iBoxx MSCI ESG EUR Corporates 0-1 TCA Index by direct investment in short-term euro-denominated investment grade corporate bonds. The KIID and factsheet explicitly state 'Replication type: Physical' and 'direct investments in transferable securities' with a sampled replication approach. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy, only limited use of derivatives for operational purposes such as managing inflows/outflows or better exposure, which does not trigger complexity. The fund does not employ leverage, inverse or amplified exposure. The risk profile is low (SRRI 1), consistent with short duration investment grade bonds. No capital protection or structured features are present. Costs are straightforward with a low ongoing charge (0.08%) and no performance fees. Counterparty risk is disclosed but limited and typical for securities lending and operational counterparties, not indicative of synthetic replication. The underlying assets are liquid, investment grade corporate bonds with short maturities, not complex structured products or contingent convertible bonds. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms no use of swaps or leverage and a very low tracking error. Overall, the ETF exhibits a simple, transparent, physical replication strategy with direct investment in liquid bonds, making it non-complex under MiFID II criteria."
}