{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI Europe SRI Climate Paris Aligned - UCITS ETF DR",
    "investment_objective": "Track the performance of MSCI Europe SRI Filtered PAB Index with ESG and Paris-aligned climate characteristics",
    "primary_asset_class": "Equity",
    "geographic_focus": "Europe (15 developed market countries)",
    "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 MSCI Europe SRI Filtered PAB Index by direct investment in underlying securities in proportions closely matching the index. The KIID and PRIIPs KID explicitly state the use of physical replication with derivatives only used for efficient portfolio management (e.g., managing inflows/outflows or better exposure to 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 beyond normal operational risk. The fund does not employ leverage, inverse or amplified exposure. The risk indicator is moderate (4/7), reflecting typical equity market risk without complexity flags such as capital protection or structured features. Costs are straightforward with a low ongoing charge (0.18%) and no performance fees. The monthly factsheet confirms physical replication, no use of swaps, and a transparent equity portfolio with 105 holdings. The index tracked is a standard MSCI ESG-filtered equity index without complex derivatives embedded. No contingent convertible bonds or complex structured products are held. The fund uses securities lending to generate additional income, which is common and not a complexity driver under MiFID II. There is no PRIIPs comprehension warning or other complexity alerts. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use for risk management only, and no leverage or synthetic structures. Therefore, it is classified as non-complex under MiFID II."
}