{
    "fund_name": "Amundi STOXX Europe 600 Energy ESG Screened UCITS ETF Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "ESG screening methodology complexity",
        "Potential for tracking error due to ESG constraints"
    ],
    "classification": "non-complex",
    "confidence": 90,
    "supporting_data": "The ETF uses physical replication to track the STOXX Europe 600 Energy ESG+ Index, with no mention of synthetic replication, swaps, or leverage. The primary complexity factors relate to the ESG screening methodology, which involves multiple compliance, involvement, and performance screens. However, this does not make the product inherently complex under MiFID II as the underlying assets are straightforward equities and the replication method is physical. The risk profile is clearly communicated as market risk from European equities, with no additional complexity from derivatives or structured products. The ETF is UCITS-compliant, which further supports its non-complex classification. The fact sheet confirms physical replication and the KIID does not contain any 'comprehension warning' that would indicate complexity. The only potential complexity stems from the ESG screening process, which is transparent and does not involve derivatives or other complex instruments."
}