{
    "fund_name": "L&G Global Equity UCITS ETF",
    "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 Global Equity UCITS ETF is a physically replicated ETF that tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. The KIID and PRIIPs KID documents confirm that the fund uses physical replication (full replication) and does not employ synthetic replication, swaps, or derivatives for investment purposes. The fund's investment objective is straightforward, aiming to track the performance of a broad global equity index. The risk profile is rated 6 (out of 7), which is typical for equity ETFs and does not indicate complexity. The fund does not use leverage, inverse strategies, or capital protection mechanisms. The underlying index consists of large and mid-cap developed market equities, which are liquid and transparent. The fund's costs are simple, with an ongoing charge of 0.10%. The fact sheet further confirms the physical replication method and the absence of derivative usage beyond what is typical for efficient portfolio management. The fund is UCITS-compliant, which inherently limits the use of complex strategies. The absence of any references to swaps, unfunded swaps, or counterparty risk in the KIID or fact sheet supports the non-complex classification. The fund's simplicity, transparency, and lack of derivative exposure make it suitable for retail investors.",
    "confidence": 95
}