{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The AMUNDI EUR HIGH YIELD CORPORATE BOND ESG UCITS ETF is a UCITS-compliant ETF that tracks the Bloomberg MSCI ESG Euro Corporate High Yield Select Index through a physical replication method, mainly by direct investments 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. The ETF's structure and risks (market risk, credit risk, liquidity risk, counterparty risk related to EPM derivatives) are transparent and understandable to a retail investor with basic knowledge. The index tracked is a transparent, well-documented corporate bond index with ESG criteria, supporting non-complexity. According to MiFID II Article 25(4)(a)(iv) and Article 57 criteria, UCITS ETFs using physical replication and limited derivative use for EPM with minimal risk impact are classified as non-complex. The ETF does not embed derivatives or structured products such as CLOs, convertible bonds, or other complex instruments that would trigger a complex classification. Therefore, this ETF is non-complex under MiFID II. This aligns with ESMA and CESR guidance that UCITS ETFs with physical replication and limited EPM derivative use are presumed non-complex, requiring no appropriateness assessment for execution-only sales."
}