{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "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 PRIIPs documents confirm it uses 'physical - full replication' with no mention of synthetic replication, swaps, or derivatives. The fund's investment policy states it primarily invests directly in the securities represented in the index, with minimal use of financial derivative instruments (FDIs) only for efficient portfolio management. The risk profile is rated 6 (moderate), but this is typical for equity ETFs and does not indicate complexity. There are no leverage, inverse, or capital protection features. The underlying index tracks large and mid-cap UK equities with straightforward ESG screening criteria. The fund is UCITS-compliant, further supporting its non-complex classification. The fact sheet confirms the replication method is physical with no derivative usage beyond what's typical for tracking error management.",
    "confidence": 95
}