{
    "fund_name": "Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "complex_factors": [
        "Use of swaps for efficient portfolio management",
        "Complex index methodology (Paris-Aligned Benchmark)",
        "Counterparty risk from swap agreements"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication as its primary method but does employ swaps for efficient portfolio management, which is a common practice in UCITS-compliant ETFs. The index it tracks is complex due to its Paris-Aligned Benchmark methodology, but the ETF itself is structured to be transparent and liquid. The use of swaps is limited and does not introduce leverage or inverse exposure, aligning with MiFID II's criteria for non-complex instruments. The counterparty risk from swaps is mitigated by UCITS rules, and the overall risk profile remains understandable for retail investors.",
    "confidence": 85
}