{
    "type": "ETF",
    "ucits": true,
    "fund_name": "L&G Quality Equity Dividends ESG Exclusions Emerging Markets UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "inverse": false,
    "derivatives": false,
    "swaps": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant, passively managed physical replication ETF tracking the FTSE Emerging All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index. The fund primarily invests in a representative sample of equity securities contained in the index, with no indication of synthetic replication or use of swap agreements. The documents mention possible use of financial derivative instruments (FDIs) only in the context of managing the portfolio or investing in companies with similar risk profiles, but not as an inherent element of the strategy, thus derivatives are considered non-inherent and marked false. There is no leverage, inverse or amplified exposure language. The risk rating is 6, reflecting emerging market equity risk, but no complexity flags such as capital protection, contingent bonds, or structured products are present. Costs are straightforward with a single ongoing charge of 0.45%, no performance fees, and no swap or derivative fees. The PRIIPs KID and factsheet confirm physical replication and no synthetic or swap-based structure. No complexity warnings or comprehension warnings are present in the PRIIPs KID. The index tracked is a standard equity dividend growth index with ESG exclusions, not a complex or structured index. Overall, the ETF exhibits a clear, linear relationship to underlying equity performance with minimal derivative use for risk management only, no leverage, no swaps, and no complex underlying assets, leading to a non-complex classification under MiFID II."
}