{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI China ESG Selection - UCITS ETF DR",
    "investment_objective": "Track the performance of MSCI China ESG Selection P-Series 5% Issuer Capped Index with ESG characteristics",
    "primary_asset_class": "Equity",
    "geographic_focus": "China (including China A shares, H shares, B shares, Red chips, P chips, foreign listings like ADRs)",
    "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 China ESG Selection P-Series 5% Issuer Capped Index by direct investment in underlying securities in proportions closely matching the index. The KIID and PRIIPs KID explicitly state the use of direct replication and physical holdings. Derivatives are only used marginally for managing inflows/outflows or to gain better exposure to index constituents, not as an inherent part of the investment strategy, so derivative use is considered non-complex. There is no mention of synthetic replication, swap agreements, or counterparty risk related to derivatives. No leverage, inverse or amplified exposure is present. The underlying assets are large and mid-cap equities with ESG criteria, no complex structured products or contingent bonds are held. The risk profile is moderate (risk level 5/7 in PRIIPs KID), reflecting equity market risk and emerging market risk, but no complexity flags such as capital protection or structured features are present. Costs are straightforward with a single ongoing charge of 0.35%, no performance fees, and no swap or derivative fees. Securities lending is mentioned but is a common practice and does not add complexity under MiFID II. The factsheet confirms physical replication and no synthetic or swap-based structures. The index tracked is a standard MSCI ESG index with a best-in-class ESG approach, which does not add complexity in the MiFID II sense. No PRIIPs comprehension warnings or retail investor suitability warnings indicating complexity are present. Therefore, the ETF is classified as non-complex under MiFID II criteria."
}