{
    "name": "AMUNDI EUR CORPORATE BOND UCITS ETF",
    "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 (direct investment in underlying securities) to track the Bloomberg Euro Corporate Bond Index. 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 additional risk or complexity. The fund does not employ leverage, inverse strategies, or synthetic replication. The risk profile is straightforward, with primary risks being credit, liquidity, and counterparty risks typical of corporate bond investments. The SRRI risk level is moderate, and the fund is UCITS-compliant, which generally indicates a non-complex structure suitable for retail investors.",
    "confidence": 95,
    "risk_level": "moderate",
    "counterparty_risk": "low",
    "liquidity_risk": "moderate",
    "credit_risk": "moderate",
    "benchmark_complexity": "low",
    "additional_notes": "The ETF is classified as non-complex under MiFID II due to its physical replication strategy, lack of leverage or inverse exposure, and straightforward investment in liquid corporate bonds. While derivatives may be used for operational efficiency, they do not materially alter the risk profile or introduce complexity that would require specialist knowledge. The fund's UCITS compliance and moderate risk profile further support this classification."
}