{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Amundi MSCI Europe ESG Broad Transition UCITS ETF EUR Hedged Acc is a UCITS-compliant ETF that aims to track the MSCI Europe ESG Broad CTB Select Index through direct physical replication, primarily by investing directly in transferable securities representing the index constituents in proportions very close to the index. The KIID and PRIIPs KID explicitly state that derivatives may be used only for managing inflows/outflows or to gain better exposure to index constituents, not as an inherent part of the investment strategy, which means derivative use is ancillary and not complexity-driving. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty risk related to derivatives. The fund does engage in securities lending to generate additional income, but this is a common practice and does not itself imply complexity under MiFID II. The fund is not leveraged, does not have inverse or amplified exposure, and does not invest in complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is moderate (risk level 4 out of 7), reflecting typical equity market risk and currency hedging risk, without additional complexity flags. Costs are straightforward with a low ongoing charge (0.14%) and no performance fees or swap fees. The index tracked is an ESG and climate-transition focused equity index, which may have some complexity in its construction methodology, but this does not translate into complexity of the ETF product itself under MiFID II. There are no capital protection or structured features. No PRIIPs comprehension warnings or retail investor suitability warnings indicating complexity are present. Therefore, the ETF is classified as non-complex."
}