{
    "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 Cyber Security UCITS ETF is a physically replicated ETF that tracks the ISE Cyber Security UCITS Index. The KIID and PRIIPs documents confirm it uses physical replication ('full replication') and does not employ derivatives, swaps, or leverage. The fund invests directly in the underlying companies of the index, with no synthetic replication or complex structured products. The risk profile is rated 7 (out of 7), but this is typical for equity ETFs and does not indicate complexity. The fund is UCITS-compliant, which inherently limits the use of complex strategies. The fact sheet further confirms the physical replication method and absence of derivatives. No counterparty risk from swaps or other derivatives is present. The index itself is a straightforward equity index, and the fund's strategy is transparent and easily understandable for retail investors.",
    "confidence": 95
}