{
    "type": "ETF",
    "ucits": true,
    "fund_name": "L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF",
    "investment_objective": "Track the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index, focusing on dividend growth and quality companies in developed European markets excluding the UK.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed Europe ex UK",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication via representative sampling of the underlying equity securities in the index. The KIID and PRIIPs KID confirm that the fund may use financial derivative instruments (FDIs) only for efficient portfolio management or to invest in companies with similar risk profiles, but this derivative use is incidental and not inherent to the investment strategy, thus derivatives are marked false. There is no mention of synthetic replication, swap agreements, or counterparty risk beyond normal third-party service provider risk. The fund is UCITS compliant, with no leverage or inverse exposure. The risk rating is 6, reflecting equity market risk rather than structural complexity. The fact sheet confirms physical optimized replication and no use of leverage or complex structured products. Costs are straightforward with a single ongoing charge of 0.25%, no performance fees, and no swap or derivative fees. No capital protection or structured features are present. The index tracked is a standard equity dividend growth and quality index without contingent bonds or complex instruments. Therefore, the fund is classified as non-complex under MiFID II criteria."
}