{
    "fund_name": "AMUNDI USD HIGH YIELD CORPORATE BOND ESG UCITS ETF Dist",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "High Yield Corporate Bonds",
        "ESG Screening Complexity",
        "Sampling Replication"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication with direct investments in high-yield corporate bonds, tracking the Bloomberg MSCI ESG US Corporate High Yield Select Index. While it employs sampled replication (not full replication), this is a common practice in bond ETFs and does not introduce complexity. The use of derivatives is limited to managing inflows/outflows and is not a core part of the strategy. The ETF is UCITS-compliant, has a straightforward risk profile (risk level 4/7), and invests in liquid, transparent securities. The ESG screening criteria add some complexity but do not make the product inherently complex for retail investors. The fact sheet confirms physical replication and minimal derivative usage.",
    "confidence": 90
}