{
    "fund_name": "JPM UK Equity Core UCITS ETF - GBP (acc)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is an actively managed UCITS-compliant fund that primarily invests in UK equities with no leverage, inverse exposure, or synthetic replication. It uses derivatives only for efficient portfolio management (as stated in the KIID), not as a core strategy. The risk profile is straightforward (category 6), and the underlying assets are liquid UK equities. The fact sheet confirms no swap usage or complex derivatives. The fund's objective is to outperform the FTSE All-Share Index, and its holdings are transparent (top 10 holdings disclosed). No capital protection, structured products, or contingent bonds are mentioned. The PRIIPs KID does not include a comprehension warning, further supporting the non-complex classification.",
    "confidence": 95
}