{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The AMUNDI CAC 40 ESG UCITS ETF DR - EUR is a physically replicated ETF that tracks the CAC 40 ESG Index, which consists of liquid, large-cap French equities with strong ESG characteristics. The KIID explicitly states that the fund uses 'Direct Replication' by investing directly in the underlying securities of the index. While the fund mentions the ability to use derivatives for managing inflows/outflows and improving index exposure, this is clearly stated as being for efficient portfolio management (EPM) purposes rather than as a core part of the investment strategy. The fund does not employ leverage, inverse strategies, or complex financial instruments. The risk profile is straightforward, with a risk level of 4 out of 7, and the underlying assets are transparent and liquid equities. The fund is UCITS-compliant, which imposes additional investor protection requirements. The absence of complex features such as leverage, synthetic replication, or exotic derivatives supports the classification as non-complex under MiFID II.",
    "confidence": 95
}