{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI GLOBAL HIGH YIELD CORPORATE BOND ESG - UCITS ETF DR - USD",
    "investment_objective": "Track the Bloomberg MSCI Global Corporate High Yield SRI Sustainable Index with ESG criteria, minimizing tracking error",
    "primary_asset_class": "Corporate High Yield Bonds",
    "geographic_focus": "Global developed markets (USD, EUR, GBP denominated 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 using a direct replication method with sampled physical holdings of high yield corporate bonds. The KIID and PRIIPs KID explicitly state that derivatives may be used only 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 counterparty risk related to derivatives. Leverage or inverse exposure is not present. The underlying assets are high yield corporate bonds, which are liquid and transparent, without complex structured products or contingent convertible bonds. The risk profile is medium-low (risk level 3/7), consistent with a straightforward bond ETF. Costs are simple with no performance fees or swap fees. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. Securities lending is used to generate additional income but does not add complexity under MiFID II. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance and does not use complex derivatives or leverage, leading to a non-complex classification."
}