{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Amundi Global Hydrogen ESG Screened UCITS ETF is classified as non-complex under MiFID II regulations based on the following key observations: 1. The fund uses physical replication to track the Bloomberg Hydrogen ESG Index, directly investing in the underlying securities. 2. There is no evidence of leverage, inverse strategies, or synthetic replication using derivatives or swaps. 3. The fund's risk profile is clearly disclosed with a risk rating of 4 out of 7, indicating moderate risk without complex features. 4. The investment strategy is straightforward, focusing on equities in the hydrogen sector with ESG screening. 5. The KIID and factsheet do not mention any complex structures, capital protection mechanisms, or sophisticated derivative usage beyond standard portfolio management. 6. The fund is UCITS-compliant, which generally implies adherence to regulations designed to protect retail investors. 7. While the fund may use derivatives for efficient portfolio management (as permitted under UCITS), there is no indication these are used in a way that would make the fund complex under MiFID II rules. The primary factor driving this classification is the physical replication method combined with the absence of leverage, inverse strategies, or complex derivative usage.",
    "confidence": 95
}