{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The L&G S&P 100 Equal Weight UCITS ETF is a UCITS-compliant ETF that aims to track the S&P 100 Equal Weight Index by primarily investing directly in the underlying securities in similar proportions to the index weights. The KIID explicitly states the fund uses physical replication with direct purchase of securities and only limited use of financial derivative instruments (FDIs) for investment purposes, not as an inherent element of the strategy. There is no mention of synthetic replication, swap agreements, or counterparty risk related to derivatives. The fund does not employ leverage or inverse exposure, and no capital protection or structured features are present. The risk rating is 6, reflecting market risk of large-cap US equities, but this does not imply complexity under MiFID II. Charges are straightforward with no performance fees or swap fees. No complex underlying assets such as contingent convertible bonds or CLOs are held. The fund\u2019s strategy and structure are transparent and straightforward, with a clear linear relationship to the underlying index performance. Therefore, the fund does not meet the MiFID II criteria for classification as a complex financial instrument."
}