{
    "fund_name": "AMUNDI MSCI USA EX MEGA CAP UCITS ETF ACC",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI USA Ex Mega Cap Select Index, with direct investments in underlying securities. While it may use derivatives for efficient portfolio management (e.g., handling inflows/outflows), there is no indication of synthetic replication, leverage, inverse exposure, or complex structured products. The risk profile is straightforward (equity market risk), and the fund is UCITS-compliant, further supporting its non-complex classification. The fact sheet confirms physical replication, and the KIID/PRIIPs documents do not mention swap agreements, unfunded swaps, or counterparty risk beyond standard disclosures. The index itself is a standard equity index, and the fund does not exhibit any of the complexity triggers outlined in MiFID II.",
    "confidence": 95
}