{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "synthetic",
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "Swaps",
            "Counterparty Risk",
            "Collateral Risk",
            "ESG Filtered Index Methodology"
        ],
        "classification": "complex",
        "supporting_data": "The Amundi MSCI Semiconductors ESG Screened UCITS ETF Acc utilizes indirect replication via an over-the-counter swap contract, which is a financial derivative instrument (FDI). This directly triggers a 'complex' classification according to MiFID II rules, as the use of derivatives integral to the investment strategy introduces risks such as counterparty risk and collateral risk. While the ETF promotes ESG characteristics, the underlying index methodology itself, with its exclusions and ESG rating approach, adds a layer of complexity that may not be easily understood by a retail investor with basic financial knowledge. The fact that the ETF invests in financial derivative instruments is explicitly mentioned in the Risk and Reward Profile, further supporting this classification. The direct use of OTC swaps for replication is a primary driver for the complex classification, as outlined in the provided MiFID II assessment rules, particularly regarding the evaluation of derivative use and replication methods."
    }
}