{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The L&G Gerd Kommer Multifactor Equity UCITS ETF uses physical replication with optimised sampling techniques to track the Solactive Gerd Kommer Multifactor Equity Index NTR. The KIID and factsheet indicate no use of synthetic replication, swaps, or derivatives beyond what might be used for efficient portfolio management (EPM). The fund promotes environmental and social characteristics but does not employ complex strategies like leverage, inverse exposure, or capital protection mechanisms. The risk profile is rated 6, which is relatively high but not necessarily indicative of complexity under MiFID II. The fund's primary complexity arises from its multifactor equity strategy, but this is not sufficient to classify it as complex under MiFID II rules. The fund is UCITS compliant, which generally aligns with non-complex classifications.",
    "confidence": 90
}