{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI Emerging Ex China ESG Selection - UCITS ETF DR",
    "investment_objective": "Track the MSCI EM ex China ESG Selection P-Series 5% Issuer Capped Index with ESG characteristics, minimizing tracking error",
    "primary_asset_class": "Equity",
    "geographic_focus": "Emerging Markets excluding China",
    "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 EM ex China ESG Selection Index by direct investment in underlying securities. The KIID and PRIIPs KID explicitly state 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, or funded/unfunded swaps. Leverage or inverse exposure is not present. The underlying assets are large and mid-cap equities in emerging markets, excluding China, with ESG criteria applied. The risk profile is moderate (4/7), reflecting market and emerging market risks but no complexity flags such as capital protection or structured features. Costs are straightforward with a single ongoing charge of 0.35%, no performance fees, and no complex fee structures. The monthly factsheet confirms physical replication and no use of swaps or leverage. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Overall, the ETF exhibits a clear, linear exposure to a transparent equity index with minimal derivative use for operational efficiency only, consistent with a non-complex classification under MiFID II."
}