{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi EUR Corporate Bond ex-Financials ESG UCITS ETF Acc",
    "investment_objective": "Track the Bloomberg Barclays MSCI EUR Corporate Liquid ex Financial SRI Sustainable Index, an investment grade corporate bond index excluding financials, with ESG criteria applied.",
    "primary_asset_class": "Bond",
    "geographic_focus": "Euro-denominated corporate bonds issued by European and non-European corporates (excluding financials)",
    "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 physically replicates the Bloomberg Barclays MSCI EUR Corporate Liquid ex Financial SRI Sustainable Index. The KIID and PRIIPs KID confirm the fund uses direct physical replication with possible sampling to optimize replication, and engages in securities lending, which is common and not considered complex. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy. The factsheet explicitly states 'Replication type: Physical' and notes counterparty risk only in relation to securities lending, not swap counterparties. There is no leverage, inverse or amplified exposure language. The risk profile is low (SRRI 2/7), consistent with investment grade corporate bonds. The underlying assets are straightforward investment grade corporate bonds with ESG filters, no contingent convertible bonds, structured products, or complex derivatives. Costs are simple with a low ongoing charge (0.14%) and no performance fees. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, invests directly in liquid, transparent securities, and uses physical replication without leverage or synthetic structures, leading to a non-complex classification under MiFID II."
}