{
    "type": "ETF",
    "ucits": true,
    "fund_name": "L&G Gold Mining UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The L&G Gold Mining UCITS ETF is a UCITS-compliant ETF that physically replicates the Global Gold Miners Index by investing primarily in the underlying securities of the index in similar proportions. The fund switched from a synthetic replication method (unfunded swap) to physical full replication on 22 February 2021, as confirmed by the factsheet. There is no use of leverage, inverse exposure, or complex derivative strategies as part of the investment objective. Although the fund may use financial derivative instruments (FDIs) for portfolio adjustments or risk management, these are incidental and not inherent to the strategy, so derivatives are marked false. The risk profile is high (risk level 7) due to the volatility of the gold mining sector and gold prices, but this does not imply complexity under MiFID II. There are no capital protection features, structured products, or contingent bonds in the portfolio. Costs are straightforward with a single ongoing charge (TER) of 0.55%, no performance fees, and no swap or derivative fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The fund invests directly in liquid, transparent securities of gold mining companies, with no significant counterparty risk exposure. Therefore, the fund is classified as non-complex under MiFID II criteria."
}