{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The fund is a UCITS ETF named AMUNDI USD CORPORATE BOND - UCITS ETF GBP Hedged Dist, tracking the Bloomberg US Corporate Liquid Issuer Index, a bond index of USD-denominated investment grade corporate bonds. The replication method is physical, using direct investments in transferable securities with a sampled replication approach. The KIID and PRIIPs KID both confirm that derivatives may be used only for efficient portfolio management (e.g., managing 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 related to derivatives. The fund is not leveraged, has no inverse or amplified exposure, and no capital protection or structured features. The risk rating is moderate (3/7), consistent with a straightforward bond ETF. Costs are simple, with no performance fees or swap fees. The monthly factsheet confirms physical replication, no swap usage, and a portfolio of over 2600 bonds with an average rating of BBB+, indicating investment grade corporate bonds. The currency hedging is implemented but does not imply complexity under MiFID II. There are no complex underlying assets such as contingent convertible bonds or CLOs. No complexity flags such as capital protection, leverage, or synthetic replication are present. Therefore, the ETF is classified as non-complex under MiFID II."
}