{
    "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 Clean Energy UCITS ETF is a UCITS-compliant ETF domiciled in Ireland, tracking the Solactive Clean Energy Index NTR. The fund primarily uses physical full replication, investing directly in the underlying securities of the index in similar proportions. The KIID and PRIIPs KID documents confirm that while the fund may use financial derivative instruments (FDIs), these are only for efficient portfolio management or to invest in companies with similar risk and performance characteristics, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure. The fact sheet explicitly states the replication method as physical full replication. There is no leverage, inverse or amplified exposure. The underlying assets are equities of publicly traded companies in the clean energy sector, with no complex structured products or contingent bonds. The risk profile is rated 5 out of 7 in the PRIIPs KID (medium-high risk), mainly due to the nature of the underlying equities (including small and mid-cap companies) and sector concentration, not due to structural complexity. No capital protection or structured features are present. Costs are straightforward with a single ongoing charge of 0.49%, no performance fees, and no swap or derivative fees disclosed. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use for risk management only, and no leverage or synthetic structures. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}