{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "derivatives": false,
        "complex_factors": [
            "High Yield Bonds",
            "ESG Criteria"
        ],
        "classification": "non-complex",
        "supporting_data": "The AMUNDI EURO HIGH YIELD BOND ESG UCITS ETF Acc is a UCITS ETF that tracks the iBoxx MSCI ESG EUR High Yield Corporates TCA Index. The document explicitly states that the Sub-Fund is passively managed and aims to track the performance of this index. It uses direct replication, primarily through investments in transferable securities and other eligible assets representing the index constituents. While derivatives may be used for efficient portfolio management (dealing with inflows/outflows or better exposition to index constituents), this is not central to its investment objective. The ETF also engages in securities lending for income generation, which is permitted for UCITS and does not automatically render it complex. The underlying index consists of euro-denominated BB/B rated bonds issued by corporate issuers, and the ESG criteria applied are considered a characteristic of the index rather than a structural complexity in the ETF itself. The ETF's risk profile is primarily linked to market risk arising from investments in high yield bonds, which is a standard risk for such instruments and does not equate to structural complexity. The KID clearly indicates that it is a UCITS, which generally presumes non-complexity. There is no mention of embedded derivatives, leverage beyond UCITS limits, or other complex features that would typically lead to a complex classification. Therefore, based on the information provided and the MiFID II framework for UCITS ETFs, it is classified as non-complex."
    }
}