{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The AMUNDI USD FLOATING RATE CORPORATE BOND ESG UCITS ETF EUR HEDGED Acc is a UCITS ETF that tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates TCA Index through a direct replication method, mainly by investing directly in transferable securities representing the index constituents. The ETF uses derivatives only for efficient portfolio management (EPM) purposes such as managing inflows/outflows or better exposure to index constituents, not as an inherent part of the investment strategy. Securities lending is used as a secondary feature to generate additional income but is well managed within UCITS rules. There is no significant leverage beyond UCITS limits, no embedded derivatives, and the index tracked is transparent and straightforward (investment grade floating rate corporate bonds). The risk profile mainly reflects market and credit risk typical of corporate bonds, without structural complexity. According to MiFID II Article 254 and Delegated Regulation EU 2017/565 Article 57, UCITS ETFs are presumed non-complex unless they embed derivatives integral to the strategy or have complex features. This ETF meets the criteria for non-complex classification: physical replication, limited derivative use for EPM only, transparent index, no leverage or embedded derivatives, and risks understandable by retail investors with basic knowledge. Therefore, it is classified as non-complex under MiFID II. This aligns with ESMA and CESR guidance that UCITS ETFs using physical replication and limited EPM derivatives are non-complex, while synthetic or structured UCITS ETFs with embedded derivatives or complex structures would be complex. No evidence of complex features such as CLOs, structured products, or synthetic replication was found in the KID. Hence, no appropriateness assessment beyond standard suitability is required for retail investors investing in this ETF."
}