{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None identified",
    "supporting_data": "The AMUNDI STOXX EUROPE DEFENSE UCITS ETF ACC is a UCITS-compliant, physically replicated ETF tracking a transparent equity index (STOXX Europe Total Market Defense Capped Index). The KID confirms the ETF is passively managed, uses physical replication, and does not employ derivatives for investment purposesu2014only for efficient portfolio management (EPM), which is standard for UCITS ETFs and does not trigger complexity under MiFID II. The ETFu2019s main risks are market risk, liquidity risk, and operational risk, all typical for equity ETFs and not indicative of structural complexity. There is no evidence of embedded derivatives, synthetic replication, significant securities lending, leverage beyond UCITS limits, or other features that would make the product difficult for a retail investor with basic knowledge to understand. The index is transparent and the ETFu2019s structure is straightforward, supporting a non-complex classification.",
    "classification": "non-complex"
}