{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI STOXX EUROPE 600 UCITS ETF USD HEDGED Acc",
    "investment_objective": "Track the performance of STOXX Europe 600 Index with minimized tracking error",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed markets in Europe",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS fund that physically replicates the STOXX Europe 600 Index by direct investment in the underlying securities in proportions closely matching the index. The KIID and PRIIPs KID explicitly state the use of direct replication and only limited use of derivatives for efficient portfolio management and managing inflows/outflows, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or total return swaps. No leverage or inverse exposure is indicated. The risk profile is moderate (4 out of 7), reflecting market risk of European equities, with no capital protection or structured features. Costs are straightforward with a low ongoing charge (0.09%) and no performance fees. Securities lending is used to generate additional income but does not imply complexity under MiFID II. The PRIIPs KID does not include any comprehension warnings or complexity flags. The underlying index is a broad, liquid equity index without complex structured products or contingent bonds. Therefore, the ETF does not meet the MiFID II criteria for a complex financial instrument."
}