{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI Europe ESG Leaders UCITS ETF Acc",
    "investment_objective": "Track the MSCI Europe ESG Leaders Select 5% Issuer Capped Index with ESG best-in-class approach, minimizing tracking error",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed European 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 ETF physically replicating the MSCI Europe ESG Leaders Select 5% Issuer Capped Index. The KIID and PRIIPs KID confirm direct physical replication with possible use of derivatives only for efficient portfolio management (e.g., 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 factsheet explicitly states 'Replication type: Physical' and notes counterparty risk only in relation to securities lending and minor OTC swap usage for portfolio management, with counterparty exposure capped at 10%. No leverage, inverse or amplified return features are present. The risk rating is moderate (4/7), reflecting typical equity market risk without additional complexity. Costs are straightforward with a simple ongoing charge of 0.20%, no performance fees, and no complex fee structures. The underlying assets are large and mid-cap European equities selected by ESG criteria, which may add some complexity in ESG scoring but do not constitute financial instrument complexity under MiFID II. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use for risk management only, physical replication, and no leverage or synthetic structures, leading to a non-complex classification under MiFID II."
}