{
    "fund_name": "AMUNDI EURO STOXX 50 UCITS ETF DR - USD",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Physical replication of a broad, liquid equity index",
        "No leverage or inverse exposure",
        "No synthetic replication or swap usage",
        "Transparent underlying assets (Euro Stoxx 50 constituents)"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Euro Stoxx 50 index, which consists of 50 large-cap Eurozone equities. There is no mention of synthetic replication, swaps, leverage, or inverse exposure in the documentation. The fund's risk profile is straightforward (risk level 3/7), and the underlying assets are liquid and transparent. The only derivative usage mentioned is for managing inflows/outflows and securities lending, which are standard practices in ETFs and do not trigger complexity under MiFID II. The fact sheet confirms physical replication with a tracking error of 0.15%, further supporting the non-complex classification.",
    "confidence": 95
}