{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Amundi Global Aggregate Green Bond UCITS ETF GBP Hedged Dist is a UCITS-compliant ETF that tracks a transparent, investment-grade green bond index via physical replication, primarily investing in the underlying securities of the benchmark index. It uses derivatives only for currency hedging (GBP hedging) and possibly for efficient portfolio management, not as an inherent part of the investment strategy. The ETF may engage in securities lending, but this is a secondary feature managed within UCITS rules with collateral requirements. There is no indication of embedded derivatives, leverage beyond UCITS limits, or complex structured products such as CLOs or synthetic replication. The ETF's structure and risks (market risk, tracking error, currency hedging risk) are straightforward and understandable by retail investors with basic knowledge. The benchmark index is transparent and publicly documented. According to MiFID II Article 25(4)(a)(iv) and Article 57 of the Commission Delegated Regulation, UCITS ETFs that physically replicate transparent indices and use derivatives only for hedging or EPM with minimal risk impact are classified as non-complex. ESMA guidance and regulatory practice confirm that such UCITS ETFs do not require an appropriateness assessment and are exempt from complexity classification. Therefore, this ETF is classified as non-complex under MiFID II."
}