{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Amundi CAC 40 UCITS ETF Dist is a physically replicated ETF that tracks the CAC 40 index, which consists of the 40 largest French stocks by market capitalization. The fund uses direct replication by investing in the underlying securities of the index, as confirmed in both the KIID and the factsheet. There is no mention of synthetic replication, swaps, or derivative instruments beyond standard securities lending programs (which are common in physically replicated ETFs and do not trigger complexity under MiFID II). The fund's risk profile is straightforward, with a low SRRI (1/7), and the underlying index is a well-known, liquid equity index. The fund is UCITS-compliant, which inherently limits the use of complex strategies. The factsheet explicitly states that the fund uses physical replication, and the KIID confirms that the fund aims to replicate the index through direct investment in the underlying securities. There are no references to leverage, inverse strategies, or capital protection mechanisms. The only derivative-related risk mentioned is counterparty risk from securities lending, which is standard for physically replicated ETFs and does not make the fund complex under MiFID II. The fund's objective is to replicate the CAC 40 index, and the tracking error is minimal (0.05% as per the factsheet), indicating a straightforward replication strategy. The fund is eligible for the French Equity Savings Plan (PEA), which is a tax-advantaged account for retail investors, further supporting its suitability for non-professional investors.",
    "confidence": 95
}