{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The fund is a UCITS-compliant ETF that physically replicates the MSCI Japan ESG Climate Paris Aligned Benchmark Select Index by holding, as far as practicable, all securities in the index in their respective weightings. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or factsheet. The fund may use derivatives only for risk management or cost reduction purposes, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The underlying assets are large and mid-cap Japanese equities with ESG criteria, which are liquid and transparent. No capital protection or structured features are present. The risk rating is medium (4 out of 7 in PRIIPs KID, 6 out of 7 in KIID, reflecting equity market risk rather than complexity). Costs are straightforward with a low ongoing charge (0.19%) and no performance fees or swap fees. Securities lending is used but is a common practice and does not add complexity. The index tracked is a climate-aligned ESG index with some optimization and exclusion criteria, but this does not introduce complexity under MiFID II. No references to complex bonds, contingent convertibles, or complex derivatives are found. The PRIIPs KID does not carry a comprehension warning. Therefore, the ETF is classified as non-complex under MiFID II."
}