{
    "fund_name": "Amundi S&P Eurozone Dividend Aristocrat Screened UCITS ETF Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "complex_factors": [
        "OTC Swap with counterparty risk",
        "ESG screening complexity",
        "Physical replication with potential swap usage"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication as its primary method, tracking the S&P Euro ESG High Yield Dividend Aristocrats Index. While it mentions potential use of OTC swaps (with Morgan Stanley and Societe Generale) for counterparty risk management, this is within UCITS limits (=10% of assets). The ETF's complexity is mitigated by its UCITS compliance, straightforward equity exposure, and low tracking error (0.51%). The ESG screening process, while complex, does not inherently make the ETF complex under MiFID II. The risk profile (SRRI 3) and lack of leverage or inverse strategies further support a non-complex classification. The fact that derivatives are used for efficient portfolio management (not leverage or amplification) aligns with typical non-complex ETF structures.",
    "confidence": 85
}