{
    "name": "Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF",
    "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 MSCI Japan ESG Broad CTB Select Index, primarily through direct investments in underlying securities. While derivatives may be used for efficient portfolio management (e.g., handling inflows/outflows or improving index exposure), they are not a core part of the investment strategy. The fund does not employ leverage, inverse strategies, or synthetic replication. The risk profile is aligned with standard equity market risks, and the ESG and climate transition focus does not introduce additional complexity. The KIID and factsheet confirm a straightforward tracking objective with minimal tracking error (target <1%).",
    "confidence": 95,
    "risk_level": 4,
    "counterparty_risk": "Low (derivatives used only for EPM, not as a primary strategy)",
    "benchmark_complexity": "Moderate (ESG and climate transition criteria add some complexity but remain transparent)",
    "liquidity_risk": "Standard for equity ETFs",
    "additional_notes": "The ETF is UCITS-compliant, which inherently limits complexity. The use of derivatives is explicitly stated to be for EPM purposes only, not for leveraged or synthetic exposure. The factsheet confirms physical replication and does not indicate any structured or contingent features."
}