{
    "type": "ETF",
    "ucits": true,
    "fund_name": "L&G UK Gilt 0-5 Year UCITS ETF",
    "investment_objective": "Track the performance of the J.P. Morgan Government Bond Index (GBI) United Kingdom Short-term Custom Maturity Index",
    "primary_asset_class": "bond",
    "geographic_focus": "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 fixed income ETF investing primarily in a representative sample of UK government bonds maturing within 0-5 years. The replication method is physical (optimised sampling), with no indication of synthetic replication or use of swap agreements. The fund may use financial derivative instruments (FDIs) only for efficient portfolio management or hedging, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk rating is low to moderate (2-3 out of 7), consistent with a straightforward bond index tracking fund. The fund invests directly in liquid, investment grade UK government bonds, with no complex underlying assets such as contingent convertible bonds or structured products. There are no capital protection or structured features. Costs are simple with a low ongoing charge (0.06%) and no performance fees or swap fees. The PRIIPs KID does not contain any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication, no use of swaps, and a simple portfolio of 18 UK government bonds. Overall, the fund 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."
}