{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI Europe SRI Climate Paris Aligned - UCITS ETF DR",
    "investment_objective": "Track the performance of MSCI Europe SRI Filtered PAB Index with ESG and Paris-aligned climate characteristics",
    "primary_asset_class": "Equity",
    "geographic_focus": "Europe (15 developed market countries)",
    "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 MSCI Europe SRI Filtered PAB Index by direct investment in underlying securities in proportions closely matching the index. The KIID and PRIIPs KID explicitly state the use of physical replication with only limited derivative use for operational purposes such as managing inflows/outflows or improving 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 and mid-cap European equities with ESG and climate transition filters, which are liquid and transparent. The risk profile is moderate (4/7), reflecting market risk typical of equity investments, with no capital protection or structured features. Costs are straightforward with a low ongoing charge (0.18%) and no performance fees. Securities lending is used to generate additional income but does not add complexity under MiFID II. The factsheet confirms physical replication and no use of complex derivatives or leverage. No complexity flags such as contingent bonds, capital protection, or significant counterparty risk are identified. Therefore, the ETF is classified as non-complex under MiFID II."
}