{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Amundi MSCI World Climate Net Zero Ambition PAB UCITS ETF is a physically replicated ETF that tracks the MSCI World Climate Paris Aligned Filtered Index. The KIID and factsheet confirm that it uses physical replication, directly purchasing underlying securities to match the index composition. There are no indications of leverage, inverse strategies, or synthetic replication methods. The risk profile is moderate (SRRI 4), and the fund does not employ derivatives beyond what might be used for efficient portfolio management (EPM). The index itself, while complex in its climate-aligned methodology, is based on standard equity securities and does not introduce additional complexity factors such as illiquid assets or structured products. The fund is UCITS-compliant, which further supports its classification as non-complex under MiFID II.",
    "confidence": 95
}