{
    "fund_name": "AMUNDI USD HIGH YIELD CORPORATE BOND ESG UCITS ETF EUR Hedged Dist",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "High-yield corporate bonds",
        "Currency hedging",
        "ESG screening criteria"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Bloomberg MSCI US Corporate High Yield SRI Sustainable Index, which consists of high-yield corporate bonds with ESG criteria. While high-yield bonds inherently carry higher risk, the ETF's structure is straightforward, with no leverage, inverse exposure, or synthetic replication. The use of derivatives is limited to currency hedging and efficient portfolio management, which does not trigger complexity under MiFID II. The ETF is UCITS-compliant, further supporting its non-complex classification. The risk profile is clearly disclosed, and the investment strategy is transparent, making it suitable for retail investors.",
    "confidence": 90
}