{
    "fund_name": "Amundi Global Aggregate Green Bond UCITS ETF Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "complex_factors": [
        "Use of OTC swaps with counterparty risk",
        "Potential complexity of underlying green bond index methodology",
        "Counterparty risk from securities lending program"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication as its primary method, tracking the Solactive Green Bond EUR USD IG Index. While it does use OTC swaps with counterparties (Morgan Stanley and Societe Generale) and engages in securities lending, these activities are within UCITS limits (no more than 10% exposure to any counterparty). The underlying index focuses on investment-grade green bonds, which are relatively straightforward. The ETF's risk profile is rated as 'lower risk' with a SRRI of 2, indicating it is suitable for retail investors. The use of derivatives is for efficient portfolio management rather than for leverage or inverse exposure. The fact that it is UCITS-compliant and has a transparent, liquid structure supports the non-complex classification.",
    "confidence": 85
}