{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Invesco UK Gilt 15+ Year UCITS ETF aims to track the Bloomberg UK Gilt 15+ Index using a sampling technique of physical securities, with no mention of synthetic replication or swap agreements. The fund invests directly in GBP-denominated, fixed-rate, investment grade UK government bonds with at least 15 years to maturity, which are liquid and transparent securities. There is no leverage, inverse exposure, or capital protection features. The risk profile is moderate (category 6), reflecting interest rate and credit risk typical of long-dated government bonds, but no derivative-related or counterparty risks are disclosed. Securities lending is employed but is a standard practice and does not imply complexity. Fees are straightforward with no performance fees or swap costs. No references to complex structured products, contingent bonds, or derivative counterparty risk are found. Therefore, the ETF is classified as non-complex under MiFID II."
}