{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI USD CORPORATE BOND - UCITS ETF DIST",
    "investment_objective": "Track the performance of Bloomberg US Corporate Liquid Issuer Index, minimizing tracking error",
    "primary_asset_class": "Bond",
    "geographic_focus": "USA primarily, USD-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 fund physically replicating the Bloomberg US Corporate Liquid Issuer Index through direct investments in transferable securities. The KIID and PRIIPs KID confirm the use of sampled physical replication with minimal derivative use only for efficient portfolio management (e.g., 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, or funded/unfunded swaps. No leverage or inverse exposure is present. The risk indicator is moderate-low (3/7), consistent with a straightforward bond index tracking fund. The factsheet confirms 100% physical replication, no leverage, and no complex underlying assets such as contingent convertible bonds or CLOs. The fund uses securities lending to generate additional income, but this does not increase complexity under MiFID II. Costs are simple with no performance fees or swap fees. No capital protection or structured features are present. The underlying assets are liquid, investment grade corporate bonds with a BBB+ average rating and no complex derivatives exposure. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund exhibits a clear, linear relationship to the underlying index performance with minimal derivative use solely for risk management, making it non-complex under MiFID II."
}