{
    "name": "Amundi Global Bioenergy UCITS ETF EUR 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 Bloomberg BioEnergy Screened Index, primarily investing directly in the underlying securities. While derivatives may be used for efficient portfolio management (e.g., handling inflows/outflows or improving index constituent exposure), this is not a primary strategy and does not introduce significant complexity. The fund does not employ leverage, inverse strategies, or synthetic replication. The risk profile is straightforward, with a clear focus on bioenergy-related equities. The KIID and factsheet indicate standard operational risks (liquidity, counterparty) but no structural complexities that would classify it as a complex instrument under MiFID II.",
    "confidence": 95,
    "risk_level": "The fund has a risk rating consistent with equity market exposure, but the use of derivatives is limited to EPM (Efficient Portfolio Management) purposes, which does not trigger complexity under MiFID II. The underlying index is transparent and composed of liquid equities, further supporting the non-complex classification."
}