{
    "name": "Amundi Global Equity Quality Income UCITS ETF Acc",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "synthetic",
    "complex_factors": [
        "Swaps",
        "Counterparty Risk",
        "Financial Derivative Instruments"
    ],
    "classification": "complex",
    "supporting_data": "The ETF uses synthetic replication via an over-the-counter swap contract (financial derivative instrument) to track the SG Global Quality Income NTR Index. This introduces counterparty risk and derivative-related risks, including leverage risk, high volatility risk, valuation risk, and liquidity risk. The KIID explicitly mentions these risks and the use of financial derivative instruments, which are key indicators of complexity under MiFID II. Additionally, the counterparty risk is highlighted as a significant factor, with exposure to counterparties like Morgan Stanley Bank AG and Societe Generale, which further supports the classification as complex.",
    "confidence": 90,
    "risk_level": 4,
    "counterparty_risk": true,
    "liquidity_risk": false,
    "capital_protection": false,
    "structured_features": false,
    "illiquid_assets": false,
    "benchmark_complexity": false,
    "comprehension_warning": false,
    "additional_notes": "While the ETF does not use leverage or inverse strategies, the use of synthetic replication via swaps and the associated counterparty risks are sufficient to classify it as complex under MiFID II. The presence of financial derivative instruments and the explicit mention of counterparty risk in the KIID are strong indicators of complexity."
}