{
    "ucits": true,
    "type": "ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The L&G Asia Pacific ex Japan ESG Exclusions Paris Aligned UCITS ETF is a UCITS-compliant, passively managed ETF that tracks a transparent equity index (Foxberry Sustainability Consensus Pacific ex Japan Total Return Index) using physical replication with optimization/representative sampling. The fund may use financial derivative instruments (FDIs) only for efficient portfolio management (EPM), not as a core part of its investment strategy. There is no evidence of significant leverage, synthetic replication, swaps, or embedded derivatives. The structure, risks, and objectives are straightforward and disclosed, and the fund operates under strict UCITS regulatory requirements, which are designed to ensure transparency, liquidity, and investor protection. All UCITS are automatically non-complex under MiFID II unless they are structured UCITS or use derivatives as a central part of their strategy, which is not the case here. The use of FDIs for EPM with minimal impact on the risk-return profile does not trigger a complex classification for UCITS ETFs under current regulatory practice, provided the risks are well-managed and disclosed[1][2]. The fundu2019s risk profile (rated 6/7) reflects market volatility, not structural complexity. No features such as contingent convertible bonds, complex indices, or significant securities lending are indicated. Therefore, the ETF is classified as non-complex."
}