{
    "fund_name": "AMUNDI PRIME UK MID AND SMALL CAP UCITS ETF DR - GBP",
    "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 objective",
        "Investment in liquid, transparent securities"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Solactive United Kingdom Mid and Small Cap ex Investment Trust Index, with direct investments in transferable securities. While it may use derivatives for managing inflows/outflows and securities lending, these are not core to the strategy. The index itself is a straightforward equity index, and the ETF's risk profile aligns with mid/small-cap equities. No leverage, inverse exposure, or complex structured products are present. The KIID and factsheet confirm minimal derivative usage beyond EPM, and the UCITS compliance ensures regulatory transparency.",
    "confidence": 95
}