{
    "fund_name": "AMUNDI DJ SWITZERLAND TITANS 30 UCITS ETF DIST",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Dow Jones Switzerland Titans 30 Total Return Index, which consists of 30 leading Swiss equities. The KIID and factsheet confirm direct investment in underlying securities with minimal tracking error (0.07% over 1 year). While derivatives may be used for managing inflows/outflows and securities lending, there is no indication of synthetic replication, leverage, or inverse strategies. The index itself is straightforward (large-cap Swiss equities), and the risk profile aligns with typical equity market exposure. No capital protection, structured features, or complex underlying assets (e.g., CoCos, CLOs) are present. The UCITS compliance and physical replication method further support the non-complex classification.",
    "confidence": 95
}