{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "Use of futures for index replication and sampling strategy; investment in corporate green bonds; no embedded derivatives or leverage",
    "classification": "non-complex",
    "supporting_data": "The Amundi Corporate Proceeds Bond UCITS ETF is a UCITS-compliant ETF that tracks the Solactive EUR USD IG Corporate Green Bond TR Index primarily through physical replication, including a sampling replication strategy. It invests mainly in investment grade green corporate bonds denominated in EUR and USD. The ETF uses financial derivatives instruments (futures) only for index replication optimization, which is considered efficient portfolio management (EPM) with limited impact on the risk-return profile. There is no indication of embedded derivatives such as swaps or structured products, no significant leverage beyond UCITS limits, and no complex features like capital protection or opaque indices. The ETF's structure and risks (market risk, credit risk, liquidity risk) are straightforward and understandable by retail investors with basic knowledge. According to MiFID II Article 254 and Delegated Regulation EU 2017/565 Article 57, UCITS ETFs using physical replication and limited derivative use for EPM are presumed non-complex. ESMA guidance confirms that synthetic replication or embedded derivatives would trigger complexity, but this ETF does not exhibit such features. Therefore, it is classified as non-complex under MiFID II appropriateness rules[1][2][3]."
}