{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Amundi MSCI Japan UCITS ETF GBP Hedged Acc is a UCITS-compliant ETF that uses a physical replication method, primarily investing directly in the securities comprising the MSCI Japan Net Total Return Index, with possible sampling replication to optimize tracking. It employs derivatives only for currency hedging purposes (GBP hedging), which is a risk management technique and not integral to the investment objective or performance replication. The ETF does not use leverage beyond UCITS limits, nor does it embed derivatives or structured products such as CLOs. The underlying index is transparent and well-documented (MSCI Japan), and the ETF's structure and risks (market volatility, tracking error, currency hedging risk) are straightforward and understandable by retail investors with basic knowledge. Although the ETF uses derivatives for hedging, this use is limited and does not significantly impact the risk-return profile, thus derivatives are considered absent for complexity purposes. There is no indication of securities lending or other complex features that would increase complexity. According to MiFID II Article 25(4)(a)(iv) and Article 57 criteria, UCITS ETFs that physically replicate transparent indices and use derivatives only for efficient portfolio management or hedging with minimal risk are classified as non-complex. Therefore, this ETF is non-complex under MiFID II and does not require an appropriateness assessment or a comprehension alert in the PRIIPs KID."
}