{
    "name": "AMUNDI INDEX MSCI EMU SRI PAB - UCITS ETF DR",
    "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 MSCI EMU SRI Filtered PAB Index, which consists of liquid, large and mid-cap equities from developed markets in the European Economic and Monetary Union. The fund promotes ESG characteristics and aims for a low tracking error (typically below 1%). While derivatives may be used for efficient portfolio management (e.g., handling inflows/outflows or minor exposure adjustments), they are not a core part of the strategy. The fund does not employ leverage, inverse strategies, or synthetic replication. The underlying assets are transparent and liquid equities, and the risk profile is straightforward, with a clear linear relationship to the benchmark. The KIID and factsheet do not indicate any complex structures, capital protection mechanisms, or significant counterparty risks. The fund is UCITS-compliant, which generally aligns with non-complex classifications under MiFID II.",
    "confidence": 95,
    "risk_level": "The fund has a moderate risk profile (SRRI level 4), which is typical for equity ETFs and does not inherently indicate complexity. The risks are clearly disclosed and relate to standard market, liquidity, and operational risks associated with equity investments."
}