{
    "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 Artificial Intelligence UCITS ETF is a UCITS-compliant ETF domiciled in Ireland that aims to track the ROBO Global\u00ae Artificial Intelligence Index. The fund primarily invests physically in the underlying companies in the index in similar proportions to their weightings, as confirmed by the factsheet stating 'Physical - full replication'. The fund may invest in financial derivative instruments (FDIs) only to a limited extent for efficient portfolio management or to gain exposure to technology companies not in the index, but this derivative use is not inherent to the investment strategy and is limited, thus derivatives are marked false. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty risk exposure in the KIID, PRIIPs KID, or factsheet. The fund does not employ leverage, inverse or amplified exposure, nor does it have capital protection or structured features. The risk rating is 7 in the KIID but 5 in the PRIIPs KID, reflecting the underlying equity risk and volatility of technology and AI sector stocks, not complexity from derivatives or leverage. The index tracked is a transparent equity index composed of publicly traded companies with a clear methodology and quarterly rebalancing, with no complex structured products or contingent bonds involved. Costs are straightforward with a single ongoing charge of 0.49%, no performance fees, and no swap or derivative fees. There are no complexity flags such as capital protection, contingent bonds, or significant counterparty risk. The PRIIPs KID does not carry a comprehension warning or complexity flag. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}