{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI Japan SRI Climate Paris Aligned - UCITS ETF DR",
    "investment_objective": "Track the performance of MSCI Japan SRI Filtered PAB Index with minimized tracking error",
    "primary_asset_class": "equity",
    "geographic_focus": "Japan",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity fund tracking the MSCI Japan SRI Filtered PAB Index, which is a large and mid-cap Japanese equity index with ESG and climate transition criteria. The replication method is explicitly stated as 'Direct Replication' mainly through direct investments in transferable securities closely matching the index constituents. The use of derivatives is limited to operational purposes such as managing inflows/outflows or improving exposure to index constituents, not as an inherent part of the investment strategy, so derivatives are marked false. There is no mention of synthetic replication, swap agreements, or counterparty risk beyond standard operational risk. The risk profile is moderate (4/7), reflecting typical equity market risk without leverage or capital protection features. No leverage, inverse, or amplified return terms are present. The fund does engage in securities lending to generate additional income, but this is common and does not imply complexity under MiFID II. Costs are straightforward with a low ongoing charge (0.18%) and no performance fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms physical replication, no synthetic or swap usage, and no complex underlying assets such as contingent bonds or structured products. The index tracked is a standard ESG-filtered equity index without embedded derivatives or complex structures. Therefore, the ETF does not meet MiFID II criteria for complexity."
}