{
    "fund_name": "AMUNDI MSCI FUTURE MOBILITY ESG SCREENED UCITS ETF 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 (direct or sampling) to track the MSCI ACWI IMI Future Mobility ESG Filtered Index. There is no mention of synthetic replication, leverage, inverse strategies, or significant derivative usage beyond what might be used for efficient portfolio management. The risk profile is transparent, with a clear SRRI of 4, and the fund is UCITS-compliant, which generally indicates a non-complex structure suitable for retail investors. The underlying assets are equities in liquid, publicly traded companies, and there are no capital protection mechanisms or structured features that would introduce complexity.",
    "confidence": 95,
    "counter_argument": "While the ETF tracks a thematic index (Future Mobility), which could be considered complex due to its specialized focus, the physical replication method and lack of leverage or derivatives for non-EPM purposes keep it within the non-complex classification. Thematic indices are not inherently complex under MiFID II unless they involve illiquid assets or sophisticated strategies, which is not the case here.",
    "risk_level": "The SRRI is 4, indicating moderate risk, but this is typical for equity ETFs and does not inherently imply complexity. The risks are clearly disclosed and aligned with standard equity market exposures."
}