{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI PRIME UK MID AND SMALL CAP UCITS ETF DR - GBP",
    "investment_objective": "Track the performance of Solactive United Kingdom Mid and Small Cap ex Investment Trust Index with minimized tracking error",
    "primary_asset_class": "Equity",
    "geographic_focus": "United Kingdom",
    "replication_method": "physical",
    "derivatives": false,
    "swaps": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity ETF that physically replicates the Solactive United Kingdom Mid and Small Cap ex Investment Trust Index by direct investment in underlying securities. The KIID and PRIIPs KID confirm the use of direct replication with only limited derivative use for operational purposes such as managing inflows/outflows or improving exposure to index 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 related to derivatives. The fund does not employ leverage, inverse or amplified exposure. The risk profile is medium-high (5/7) reflecting the underlying equity market risk, not complexity. The factsheet confirms physical replication, no leverage, no synthetic structures, and no complex underlying assets such as contingent convertible bonds or CLOs. Costs are straightforward with a low ongoing charge and no performance fees. Securities lending is used to offset costs but does not add complexity. There are no capital protection or structured features. The index tracked is a straightforward mid and small cap UK equity index without complex derivatives embedded. No PRIIPs comprehension warnings or complexity flags are present. Overall, the ETF exhibits a clear, linear, physical replication strategy with minimal derivative use for operational efficiency only, consistent with a non-complex classification under MiFID II."
}