{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None identified",
    "supporting_data": "The L&G Artificial Intelligence UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent equity index. It primarily invests in the underlying securities of the index and 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 other complex features that would introduce counterparty risk, collateral risk, or structural opacity. The ETFu2019s structure, risks, and objectives are straightforward and disclosed in the KID, supporting the presumption that a retail investor with basic knowledge can understand the product. The ETF does not embed derivatives, offer capital protection, or have other features that would trigger complexity under MiFID II Article 57 or ESMA guidelines. The use of FDIs for EPM is limited and does not materially alter the risk-return profile, consistent with non-complex classification for UCITS ETFs under MiFID II[1][2].",
    "classification": "non-complex"
}