{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI Japan ESG Broad Transition UCITS ETF GBP DIST",
    "investment_objective": "Track the MSCI Japan ESG Broad CTB Select Index with ESG and climate transition focus",
    "primary_asset_class": "Equity",
    "geographic_focus": "Japan",
    "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 Japan ESG Broad CTB Select 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 swap structures. No leverage or inverse exposure is present. The underlying assets are large and mid-cap Japanese equities with ESG and climate transition criteria, which are liquid and transparent. The risk profile is moderate (4/7), reflecting market risk typical of equity ETFs, with no capital protection or structured features. Costs are straightforward with a low ongoing charge (0.08%) and no performance fees. Securities lending is used to generate additional income but does not add complexity under MiFID II. The factsheet confirms physical replication and no use of complex derivatives or leverage. No PRIIPs comprehension warnings or complexity flags are present. Therefore, the ETF does not meet MiFID II criteria for complexity."
}