{
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The AMUNDI STOXX EUROPE 600 UCITS ETF USD HEDGED Acc is a UCITS-compliant ETF, which is automatically classified as non-complex under MiFID II unless it has features that make its structure, risks, or payoff difficult for retail investors to understand[1]. The ETF tracks the STOXX Europe 600 Index using direct (physical) replication, primarily holding the underlying securities in proportions close to the index. While the prospectus notes that derivatives may be used for efficient portfolio management (EPM)u2014such as managing inflows/outflows or better exposure to index constituentsu2014this use is ancillary and not central to the investment strategy. There is no evidence of synthetic replication, embedded derivatives, significant leverage, or other complex features. The risks disclosed (market, liquidity, counterparty, operational, hedging) are typical for equity ETFs and do not introduce structural complexity. The index is transparent and well-documented, and the ETFu2019s structure and risks are straightforward for retail investors with basic knowledge. Therefore, the ETF meets all criteria for non-complex classification under MiFID II Article 25(4) and does not trigger any of the complexity factors outlined in Article 57 of the Delegated Regulation[1][2]."
}