{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The Amundi MSCI Europe II UCITS ETF Acc is classified as non-complex. The ETF's objective is to replicate the MSCI Europe Net Total Return Index using direct (physical) replication, investing primarily in the index's components. The Key Investor Information Document (KIID) states that the fund aims to minimize tracking error and mentions the possible use of sampling techniques and guaranteed temporary sales of securities for optimization, which are standard practices for physical replication ETFs and do not inherently introduce complexity. The risk profile is primarily attributed to market risk of European equities, not structural complexity. The document explicitly states that the lowest risk category does not mean 'risk-free' and mentions counterparty risk only in the context of securities financing transactions and financial derivative instruments traded over the counter, with a limit of 10% of total assets for any given counterparty, which is a standard disclosure and does not indicate that derivatives are integral to the ETF's strategy. The ETF tracks a well-established index (MSCI Europe Net Total Return Index), which is generally understood to be transparent. The primary replication method is physical, which is considered non-complex. There is no mention of embedded derivatives, leverage beyond UCITS limits, or other features that would typically render an ETF complex. The ongoing charges are stated at 0.25%, which is typical for an index-tracking ETF. The reference to the fund's performance being an indirect replication method until a certain date is historical and does not reflect its current operational method."
    }
}