{
    "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 Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF is a passively managed ETF tracking the FTSE Developed Asia Pacific ex Japan All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index. The fund primarily invests in a representative sample of the underlying equity securities, indicating physical replication. The documents mention that the fund may invest in financial derivative instruments (FDIs) for efficient portfolio management or to gain exposure to companies in the index or similar companies, but this is limited and not an inherent part of the investment strategy, thus derivatives usage is for risk management rather than core exposure. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty risk exposure. The fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or structured products. The risk rating is 6 on a 7-point scale, reflecting market and equity risk rather than complexity from derivatives or leverage. Costs are straightforward with no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms physical optimized replication and no use of swaps or synthetic structures. Overall, the ETF exhibits a straightforward, transparent, physical index tracking strategy with minimal derivative use for risk management only, no leverage, and no complex underlying assets, leading to a non-complex classification under MiFID II."
}