{
    "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 UK Equity UCITS ETF is a physically replicated ETF that tracks the Solactive Core United Kingdom Large & Mid Cap Index NTR. The KIID and factsheet indicate that the fund primarily 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 equity investments rather than structural complexity. The fund does not employ leverage, inverse strategies, or synthetic replication. While the fund may use financial derivative instruments (FDIs) for efficient portfolio management, this is within the bounds of standard UCITS ETF practices and does not introduce significant additional risk or complexity. The fund is UCITS compliant, which generally aligns with non-complex classifications under MiFID II. The straightforward index replication approach and the lack of complex features such as capital protection mechanisms or structured products further support the non-complex classification.",
    "confidence": 95
}