{
    "fund_name": "AMUNDI PRIME US CORPORATES - UCITS ETF DR (D)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Physical replication with potential derivative use for operational efficiency",
        "Investment in corporate bonds which may include complex structures",
        "Potential for securities lending operations"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication as its primary method, with potential derivative usage limited to operational efficiency (handling inflows/outflows) and not as an inherent part of the investment strategy. The underlying index (Solactive USD Investment Grade Corporate Index) consists of investment-grade corporate bonds, which are generally considered straightforward. While the prospectus mentions potential derivative use, it's for efficient portfolio management rather than creating complex exposure. The risk profile is primarily credit risk associated with corporate bonds, which is typical for this asset class. There are no indications of leverage, inverse strategies, or capital protection features that would typically trigger a 'complex' classification under MiFID II. The fact that it's UCITS-compliant further supports the non-complex classification, as UCITS funds are subject to strict transparency and investor protection requirements.",
    "confidence": 90
}