{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi USD Corporate Bond ESG - UCITS ETF DR",
    "investment_objective": "Track the Bloomberg MSCI ESG US Corporate Select Index with ESG characteristics, minimizing tracking error",
    "primary_asset_class": "Bond",
    "geographic_focus": "Primarily US corporate bonds, USD denominated",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant bond ETF that tracks the Bloomberg MSCI ESG US Corporate Select Index using a physical replication method with sampled replication. The KIID and PRIIPs KID explicitly state that the fund invests mainly by direct investments in transferable securities representing the index constituents, with no mention of synthetic replication or swap usage. Derivatives may be used only for efficient portfolio management (e.g., managing inflows/outflows or gaining better exposure), not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The risk profile is moderate-low (3/7), consistent with a straightforward bond index fund. The fund holds investment grade USD corporate bonds with no complex structured products or contingent convertible bonds. The factsheet confirms physical replication, no synthetic or swap-based replication, and no leverage. Costs are simple with no performance fees or swap fees. Counterparty risk is disclosed but limited to operational and securities lending risks, typical for physical ETFs. No capital protection or structured features are present. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, invests directly in liquid, transparent securities, and uses derivatives only for risk management, not as a core strategy. Therefore, it is classified as non-complex under MiFID II."
}