{
    "fund_name": "AMUNDI MSCI WORLD EX USA UCITS ETF ACC",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI World ex USA Index, a broad global equity index. There is no mention of synthetic replication, swaps, or derivative instruments in the investment strategy. The risk profile is primarily driven by market risk from international equity markets, with no indications of leverage, inverse exposure, or complex underlying assets. The ongoing charges are straightforward (0.15% TER), and there are no performance fees or complex fee structures. The KIID does not contain any 'comprehension warnings' or indications that the product is unsuitable for retail investors. The minimum recommended holding period is 5 years, which is standard for equity ETFs. The counterparty risk mentioned is generic and not tied to derivative usage. The ETF is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 95,
    "risk_level": 4,
    "counterparty_risk": false,
    "illiquid_assets": false,
    "structured_products": false,
    "capital_protection": false,
    "contingent_bonds": false,
    "complex_indices": false,
    "roll_costs": false,
    "contango_backwardation": false,
    "additional_notes": "The ETF's physical replication method, straightforward investment objective, and lack of derivative usage or complex features align with MiFID II's non-complex criteria. The absence of any warnings or disclaimers about complexity in the KIID further supports this classification."
}