{
    "fund_name": "AMUNDI CAC 40 ESG UCITS ETF DR - EUR",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "ESG criteria complexity",
        "Sustainability risk integration",
        "Potential for securities lending operations"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the CAC 40 ESG Index, which is a straightforward equity index. While it may use derivatives for efficient portfolio management (e.g., dealing with inflows/outflows), there is no indication of synthetic replication, leverage, or inverse strategies. The fund's primary risk is market risk from French equities, which is typical for equity ETFs. The ESG criteria and sustainability risk integration add complexity but do not trigger a 'complex' classification under MiFID II. The fund is UCITS-compliant, further supporting its non-complex status.",
    "confidence": 90
}