{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco FTSE All Share Screened & Tilted UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant, passively managed physical replication ETF tracking the FTSE All Share ex Investment Trusts ESG Climate Select Index. The KIID and PRIIPs KID explicitly state that the Fund aims to hold all securities in the index in their respective weightings 'as far as possible and practicable', indicating physical replication. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy. Derivatives may be used only for risk management or cost reduction purposes, which does not trigger complexity under MiFID II. The Fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or CLOs. The risk indicator is moderate (4 out of 7 in PRIIPs KID, 6 out of 7 in KIID), consistent with equity market risk but not indicative of complexity. The ongoing charges are low (0.12%), with no performance fees or complex fee structures. Securities lending is used but is standard and disclosed. The index tracked is a standard ESG-screened UK large and mid-cap equity index, with no complex structured features or capital protection mechanisms. The monthly factsheet confirms physical replication, no use of swaps or synthetic structures, and direct investment in liquid UK equities. There is no PRIIPs comprehension warning or other complexity flags. Therefore, the ETF is classified as non-complex under MiFID II."
}