{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Invesco MSCI World Equal Weight UCITS ETF is a passively managed ETF aiming to track the MSCI World Equal Weighted Index using a sampling technique. The fund uses physical replication, investing directly in a subset of the underlying securities rather than synthetic replication or swaps. There is no mention of any swap agreements, total return swaps, 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 not leveraged, inverse, or geared, and there are no capital protection or structured features. The risk profile is medium (4 out of 7) in the PRIIPs KID, which aligns with a straightforward equity ETF risk level. Costs are simple with a single ongoing charge of 0.20%, no performance fees, and no complex fee structures. Securities lending is used but is a common practice and does not add complexity. The underlying assets are large and mid-cap equities in developed markets, liquid and transparent. The index tracked is a standard MSCI index with equal weighting, which is a simple modification and does not add complexity. No contingent bonds, complex structured products, or significant counterparty risk exposures are identified. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. Therefore, the ETF does not meet the MiFID II criteria for a complex financial instrument."
}