{
    "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 Ecommerce Logistics UCITS ETF primarily uses physical replication to track the Solactive eCommerce Logistics Index. The KIID and factsheet indicate that the fund invests directly in the securities represented in the index, with minimal use of derivatives. The fund's risk profile is rated 6, but this is due to the nature of its underlying investments (small and medium-sized companies in the logistics sector) rather than structural complexity. The fund does not employ leverage, inverse strategies, or complex derivatives. While the factsheet mentions the possibility of using financial derivative instruments (FDIs), it is stated that these are used for investments based on index constituents, which is consistent with efficient portfolio management (EPM) rather than complex strategies. The fund is UCITS-compliant, which generally aligns with non-complex classifications under MiFID II.",
    "confidence": 90
}