{
    "fund_name": "Amundi MSCI Europe ESG Leaders UCITS ETF Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Physical replication with minimal derivative usage",
        "Straightforward index-tracking strategy",
        "No leverage or inverse exposure",
        "UCITS-compliant with strict regulatory oversight"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI Europe ESG Leaders Select 5% Issuer Capped Index, with no mention of synthetic replication, swaps, or leverage. The fact sheet confirms 'Replication type: Physical' and lists derivatives only for risk management (securities lending), not as part of the core strategy. The index is a standard equity index with no complex features. The ETF is UCITS-compliant, which inherently limits derivative usage to simple replication and hedging. The risk profile (SRRI 3) is moderate and clearly communicated. No counterparty risk beyond standard securities lending is noted. The ETF's structure and strategy are transparent and suitable for retail investors.",
    "confidence": 95
}