{
    "fund_name": "AMUNDI PRIME USA UCITS ETF ACC",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Solactive GBS United States Large & Mid Cap Index, with no indication of synthetic replication, leverage, or inverse exposure. The risk profile is straightforward, focusing on market risk from US equities, and the KIID does not mention any complex structures, derivatives, or counterparty risks beyond standard operational risks. The ETF is UCITS-compliant, which generally aligns with non-complex classifications under MiFID II. The factsheet confirms direct replication of the index through physical holdings, with no evidence of derivative usage or complex strategies.",
    "confidence": 95,
    "risk_level": "The risk indicator is not explicitly stated in the provided documents, but the ETF is described as having a risk profile primarily driven by market risk from US equities, which is typical for non-complex equity ETFs.",
    "counter_argument": "None identified. The ETF's structure and strategy are transparent and align with standard non-complex ETF characteristics under MiFID II."
}