{
    "type": "ETF",
    "ucits": true,
    "fund_name": "L&G GBP Corporate Bond Screened UCITS ETF",
    "investment_objective": "Track the J.P. Morgan Global Credit Index (GCI) ESG Investment Grade GBP Custom Maturity Index",
    "primary_asset_class": "Bond",
    "geographic_focus": "Developed and emerging markets, Sterling-denominated corporate bonds",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant bond ETF that tracks an investment grade corporate bond index with ESG screening. The replication method is physical, using representative sampling of bonds in the index. The fund may use financial derivative instruments (FDIs) only for efficient portfolio management or to gain exposure to bonds with similar risk characteristics, but derivative use is minimal and not inherent to the strategy. There is no mention of synthetic replication, swap agreements, or counterparty risk related to derivatives. No leverage or inverse exposure is present. The risk rating is moderate (4 in KIID, 3 in PRIIPs), consistent with bond market risks such as interest rate changes, credit risk, and liquidity risk, but not indicating complexity. Costs are straightforward with a low ongoing charge (0.09%) and no performance fees or swap fees. The index tracked is a standard investment grade corporate bond index with ESG tilts, not involving complex structured products or contingent bonds. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. Overall, the fund exhibits a clear, linear relationship to the underlying bond index performance, with minimal derivative use for risk management rather than strategy, no leverage, and no capital protection or structured features. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}