{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI SDAX - UCITS ETF DIST",
    "investment_objective": "Track the performance of the SDAX Total Return Index with minimized 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 SDAX Total Return Index, which represents mid and small cap German equities. The replication method is direct physical replication, investing mainly in transferable securities representing the index constituents in proportions close to the index. The KIID and PRIIPs documents confirm that derivatives may only be used for managing inflows/outflows or to improve exposure to index constituents, 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 related to derivatives. The fund does not employ leverage, inverse or amplified exposure. The risk indicator is 5 out of 7, reflecting market risk typical of equity investments but no complexity flags such as capital protection or structured features are present. Costs are straightforward with a single ongoing charge of 0.70%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. The index tracked is a standard equity index without complex structured products or contingent bonds. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, invests directly in liquid, transparent securities, and uses derivatives only for operational efficiency, not as a core strategy element. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}