{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI EUR HIGH YIELD CORPORATE BOND ESG UCITS ETF Dist",
    "investment_objective": "Track the Bloomberg MSCI ESG Euro Corporate High Yield Select Index with ESG characteristics, minimizing tracking error",
    "primary_asset_class": "Bond",
    "geographic_focus": "Eurozone / 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 bond ETF tracking a high yield corporate bond ESG index via physical replication with a sampled approach. The KIID and PRIIPs KID confirm direct investment in transferable securities representing the index constituents, with derivatives used only for efficient portfolio management and inflows/outflows, not as an inherent part of the strategy. There is no mention of synthetic replication, swap agreements, or funded/unfunded swaps. Leverage or inverse exposure is not present. The risk level is moderate (3/7), consistent with bond market risk, credit risk, and liquidity risk, but no complexity flags such as capital protection or structured features are identified. Costs are straightforward with a TER of 0.25%, no performance fees, and no swap or derivative fees. The factsheet confirms physical replication, no synthetic structures, and no complex underlying assets like contingent bonds or CLOs. The index tracked is a high yield corporate bond index with ESG filters, which is transparent and liquid. No PRIIPs comprehension warnings or complexity flags are present. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance and minimal derivative use for risk management only, leading to a non-complex classification under MiFID II."
}