{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI DAX UCITS ETF Dist",
    "investment_objective": "Track the performance of the DAX INDEX with minimal tracking error",
    "primary_asset_class": "equity",
    "geographic_focus": "Germany",
    "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 DAX Index, composed of the 40 largest German stocks. It uses direct physical replication by investing directly in transferable securities representing the index constituents in proportions close to the index. The KIID and PRIIPs KID confirm that derivatives may be used only for efficient portfolio management (e.g., to manage inflows/outflows or better exposure), not as an inherent part of the investment strategy, so derivative use is incidental and limited. There is no mention of synthetic replication, swap agreements, or counterparty risk beyond normal operational risk. The fund does not employ leverage, inverse exposure, or capital protection mechanisms. The risk rating is 5/7, reflecting market risk typical of equity investments, not complexity. Costs are straightforward with a low ongoing charge (0.08%) and no performance fees or swap fees. The factsheet confirms physical replication and no use of synthetic structures. No complex underlying assets such as contingent convertible bonds or CLOs are held. There are no complexity flags such as capital guarantees, structured returns, or significant counterparty risk. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}