{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI EUR CORPORATE BOND UCITS ETF",
    "investment_objective": "Track the Bloomberg Euro Corporate Bond Index with minimized tracking error",
    "primary_asset_class": "bond",
    "geographic_focus": "Eurozone / Euro-denominated corporate bonds",
    "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 Euro Corporate Bond Index using a sampled replication approach. The KIID and PRIIPs KID confirm that the fund invests mainly in transferable securities representing the index constituents, with derivatives used only for efficient portfolio management and managing inflows/outflows, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or funded/unfunded swaps. The risk indicator is low (2/7), consistent with a straightforward bond ETF. No leverage, inverse or amplified exposure is present. The fund holds a diversified portfolio of investment grade euro-denominated corporate bonds with an average rating of BBB+ and no complex underlying assets such as contingent convertible bonds or CLOs. Costs are simple with a low ongoing charge of 0.07% 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 synthetic structures. There are no capital protection or structured features. The risk disclosures mention counterparty risk but only in the context of operational and securities lending activities, not derivative counterparty risk from synthetic replication. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance and invests directly in liquid, transparent securities. Therefore, it does not meet the MiFID II criteria for a complex financial instrument."
}