{
    "fund_name": "Amundi MSCI Water ESG Screened UCITS ETF Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex Index",
        "ESG Screening Methodology"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI ACWI IMI Water ESG Filtered Net Total Return Index. There is no mention of synthetic replication, swaps, or leverage in the KIID or fact sheet. The index itself is complex due to its ESG screening methodology and water sector focus, but the ETF's straightforward physical replication approach and UCITS compliance make it suitable for retail investors. The risk profile is clearly communicated as 'international equities' with a risk level of 4 out of 7, which is within the typical range for equity ETFs. The fact sheet confirms the use of physical replication and provides transparency on holdings and performance. The ETF does not exhibit any of the complexity triggers under MiFID II, such as leverage, inverse exposure, or capital protection features.",
    "confidence": 90
}