{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI PRIME EUROPE - UCITS ETF DR",
    "investment_objective": "Track the performance of Solactive GBS Developed Markets Europe Large & Mid Cap EUR Index with minimized tracking error",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed European countries (15 countries)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity fund that physically replicates the Solactive GBS Developed Markets Europe Large & Mid Cap EUR Index by direct investment in underlying securities. The KIID and PRIIPs KID explicitly state the use of direct replication with only limited derivative use for operational purposes such as managing inflows/outflows or better exposure to index constituents, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty risk related to derivatives. The fund does not employ leverage, inverse or amplified exposure. The risk profile is moderate (4/7), reflecting market risk of equities, with no capital protection or structured features. Costs are straightforward with a low ongoing charge (0.05%) and no performance fees. The monthly factsheet confirms physical replication, no use of swaps, and a transparent, liquid portfolio of large and mid-cap European equities. No complex underlying assets such as contingent convertible bonds or CLOs are held. The fund uses securities lending to generate additional income, but this does not increase complexity under MiFID II. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use for operational efficiency only, and no leverage or synthetic structures. Therefore, it is classified as non-complex under MiFID II."
}