{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Invesco FTSE All-World UCITS ETF aims to track the FTSE All-World Index using a physical replication method with sampling techniques. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy, only a note that derivatives may be used for risk management purposes, which does not trigger complexity under MiFID II. The fund is UCITS compliant, uses no leverage or inverse exposure, and invests directly in a broad, liquid equity index covering large and mid-cap stocks globally. The risk profile is medium (4 out of 7), consistent with a straightforward equity ETF. Costs are simple with a low ongoing charge (0.15%) and no performance fees or complex fee structures. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication, no use of swaps, and a transparent, liquid underlying index. There are no capital protection features or structured product elements. Securities lending is disclosed but is a common practice and does not add complexity. Overall, the ETF exhibits none of the complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex under MiFID II."
}