{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI MSCI PACIFIC ESG CLIMATE NET ZERO AMBITION CTB UCITS ETF Dist",
    "investment_objective": "Track the MSCI Pacific ESG Broad CTB Select Index with ESG and Climate Transition focus",
    "primary_asset_class": "Equity",
    "geographic_focus": "Asia Pacific (5 Developed Markets countries)",
    "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 Pacific ESG Broad CTB Select Index by direct investment in underlying securities. The KIID and PRIIPs KID confirm the use of direct replication with derivatives only used for efficient portfolio management (e.g., managing inflows/outflows or better exposure to constituents), not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or counterparty risk beyond normal operational risk. Leverage or inverse exposure is not present. The risk profile is moderate (4/7), consistent with equity market risk, without additional complexity flags such as capital protection or structured features. Costs are straightforward with a single ongoing charge (0.45%) and no performance fees. The factsheet confirms physical replication and no use of swaps or synthetic structures. The index tracked is an ESG and climate transition focused equity index, but it is composed of liquid, large and mid-cap equities, without complex underlying assets like contingent bonds or CLOs. 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 purposes only, supporting a non-complex classification under MiFID II."
}