{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco Artificial Intelligence Enablers UCITS ETF",
    "investment_objective": "To replicate the net total return performance of the S&P Kensho Global Artificial Intelligence Enablers Screened Index, providing exposure to global listed companies developing and enabling AI technology.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global (Developed markets including US, Europe, China excl. A shares, Taiwan)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication by holding all or substantially all securities in the underlying index in similar proportions, with no mention of synthetic replication or swap agreements. The fund may use derivatives only for risk management or cost reduction, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The underlying assets are listed equities focused on AI-related sectors, which are liquid and transparent. No capital protection or structured features are present. The risk rating is 7 (medium-high) reflecting sector concentration and equity market risk, not complexity. Costs are straightforward with a 0.35% ongoing charge and no performance fees or swap fees. Securities lending is used but is a common practice and does not add complexity. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The factsheet confirms physical replication and no use of swaps or synthetic structures. Overall, the fund is a straightforward, physical replication equity ETF tracking a thematic index without embedded leverage or complex derivatives, thus classified as non-complex under MiFID II."
}