{
    "type": "ETF",
    "ucits": true,
    "fund_name": "L&G Emerging Markets ESG Exclusions Paris Aligned UCITS ETF",
    "investment_objective": "Track the Foxberry Sustainability Consensus Emerging Markets Total Return Index with a sustainable investment objective aligned with the Paris Agreement",
    "primary_asset_class": "Equity",
    "geographic_focus": "Emerging Markets (large and mid-cap companies across multiple countries including Taiwan, China, India, Korea, Brazil, South Africa, etc.)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical full replication or optimised representative sampling of the underlying index equities, with no mention of synthetic replication or swap agreements. The Fund may invest in financial derivative instruments (FDIs) only for efficient portfolio management or to gain exposure to companies in the index or similar companies, but this is not an inherent element of the investment strategy, so derivatives are considered false for complexity purposes. There is no leverage, inverse or amplified exposure. The risk rating is 6 on a 1-7 scale, reflecting emerging market equity risk but not complexity from derivatives or leverage. The Fund is UCITS compliant, which imposes strict rules limiting complexity and leverage. No capital protection or structured features are present. Costs are straightforward with no performance fees or swap fees. The index tracked is a broad emerging markets ESG-focused equity index, which is transparent and liquid. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. Overall, the ETF is a straightforward, physical equity index tracker with ESG criteria, and does not meet MiFID II criteria for a complex financial instrument."
}