{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI Smart Cities UCITS ETF ACC",
    "investment_objective": "Track the performance of MSCI ACWI IMI Smart Cities Filtered Index with minimized tracking error",
    "primary_asset_class": "Equity",
    "geographic_focus": "International, with significant US, Japan, Europe exposure",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS fund using physical replication to track the MSCI ACWI IMI Smart Cities Filtered Index by direct investment in underlying securities. The KIID and PRIIPs KID confirm that derivatives are only used for efficient portfolio management and to manage inflows/outflows, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or funded/unfunded swaps. Leverage or inverse exposure is not present. The underlying assets are equities from a broad international universe, with no complex structured products or contingent bonds. The risk profile is moderate (4/7), reflecting typical equity market risk without additional complexity. Costs are straightforward with a single ongoing charge of 0.45%, no performance fees, and no complex fee structures. The factsheet confirms physical replication and no use of synthetic instruments. No capital protection or structured features are present. Counterparty risk disclosures relate to normal operational and securities lending risks, not to swap counterparties. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use for operational purposes only, and no leverage or complex underlying assets. Therefore, under MiFID II, it is classified as non-complex."
}