{
    "type": "ETF",
    "ucits": true,
    "fund_name": "L&G Europe ex UK Equity UCITS ETF",
    "investment_objective": "Track the performance of the Solactive Core Developed Markets Europe ex UK Large & Mid Cap EUR Index NTR",
    "primary_asset_class": "Equity",
    "geographic_focus": "Europe excluding United Kingdom",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity ETF that physically replicates the Solactive Core Developed Markets Europe ex UK Large & Mid Cap EUR Index NTR by investing primarily directly in the underlying securities in similar proportions to their index weightings. The fund uses full physical replication and does not employ synthetic replication or swap agreements. There is no mention of funded or unfunded swaps, counterparty exposure, or derivative counterparty risk as an inherent part of the investment strategy. While the fund may use financial derivative instruments (FDIs) for efficient portfolio management or to gain exposure to companies not in the index but with similar risk profiles, these are not a core element of the strategy and thus derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk rating is 6 on a 1-7 scale, reflecting market risk typical of equity ETFs but no complexity flags such as capital protection, structured features, or complex underlying assets. Costs are straightforward with a low ongoing charge of 0.10%, no performance fees, and no swap or derivative fees. The PRIIPs KID does not include any comprehension warnings or complexity disclosures. The factsheet confirms physical full replication, no use of swaps, and a straightforward index tracking approach. The index tracked is a broad, liquid, large and mid-cap European equity index excluding the UK, with no complex or contingent bonds or structured products. Overall, the ETF exhibits none of the MiFID II complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}