{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The L&G Hydrogen Economy UCITS ETF is a UCITS-compliant equity ETF domiciled in Ireland, tracking the Solactive Hydrogen Economy Index NTR. The fund primarily uses physical full replication, investing directly in the underlying securities of the index in similar proportions. There is no indication of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy. While the fund may use financial derivative instruments (FDIs), these are only for efficient portfolio management or minor adjustments, not as an inherent element of the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure mentioned. The risk rating is 7 in the KIID, reflecting the equity sector and thematic focus on hydrogen economy companies, which are inherently higher risk but not complex in structure. The fund does not have capital protection, structured features, or contingent bonds. 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 complexity or comprehension warnings. The monthly factsheet confirms physical full replication, no use of swaps, and direct investment in liquid equity securities. The index tracked is a thematic equity index with 25 constituents, equally weighted subject to liquidity caps, and no complex structured products or contingent convertible bonds. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}