{
    "fund_name": "AMUNDI INDEX FTSE EPRA NAREIT GLOBAL UCITS ETF DR",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex Index (FTSE EPRA/NAREIT Developed Index)",
        "Potential use of derivatives for efficient portfolio management (though not for core strategy)"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication as its primary method and tracks a broad real estate index. While it mentions potential derivative usage for efficient portfolio management (e.g., handling inflows/outflows), this does not appear to be a core part of the strategy. The index itself is complex (global real estate companies and REITs), but the ETF's straightforward replication approach and UCITS compliance suggest it is not complex under MiFID II. The risk profile is clearly disclosed, and the fund does not use leverage, inverse strategies, or swaps. The only potential complexity factor is the underlying index's composition, but this does not automatically trigger a 'complex' classification.",
    "confidence": 90
}