{
    "type": "ETF",
    "ucits": true,
    "fund_name": "L&G Gerd Kommer Multifactor Equity UCITS ETF",
    "investment_objective": "Track the performance of the Solactive Gerd Kommer Multifactor Equity Index NTR, a global developed and emerging market equity index weighted by factors such as size, quality, and value, with ESG exclusions.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global developed and emerging markets",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication via an optimised portfolio of equity securities closely matching the index components, employing representative sampling and optimisation techniques to reduce transaction costs. There is no mention of synthetic replication, swap agreements, or total return swaps. The Fund may invest in financial derivative instruments (FDIs) only for efficient portfolio management or hedging, not as an inherent part of the investment strategy, so derivatives are considered false for complexity purposes. There is no leverage, inverse or amplified exposure. The underlying index is a multifactor equity index with ESG exclusions but does not include complex structured products or contingent bonds. The risk rating is 6 on a 1-7 scale, reflecting equity market risk but no additional complexity flags such as capital protection or structured features. Costs are straightforward with a single ongoing charge of 0.50%, no performance fees, and no swap or derivative fees. The PRIIPs KID does not include any comprehension warnings or complexity disclaimers. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, invests directly in liquid equities, and does not employ leverage or complex derivatives, leading to a non-complex classification under MiFID II."
}