{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco MSCI Emerging Markets ESG Climate Paris Aligned UCITS ETF",
    "investment_objective": "To track the net total return performance of the MSCI Emerging Markets ESG Climate Paris Aligned Benchmark Select Index, with a focus on reducing exposure to climate transition and physical risks, aligned with the Paris Agreement.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Emerging Markets (26 countries)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Fund uses physical replication, aiming to hold all securities in the index in their respective weightings as far as practicable. There is no mention of synthetic replication, swap agreements, or total return swaps. The Fund may use derivatives only for risk management, cost reduction, or generating additional capital or income, which does not constitute inherent derivative strategy use. There is no leverage or inverse exposure. The underlying assets are equities in emerging markets, which are liquid and transparent, with no complex structured products or contingent bonds. The risk rating is 6 in the KIID but 4 in the PRIIPs KID, reflecting market and emerging market risks rather than complexity. Costs are straightforward with a single ongoing charge of 0.19%, no performance fees, and no swap fees. Securities lending is used but is standard and disclosed. The PRIIPs KID does not carry a comprehension warning. The index tracked is a climate-aligned ESG index with optimization and exclusion criteria but does not involve complex derivatives or structured features. The monthly factsheet confirms physical replication and no synthetic or swap usage. Therefore, under MiFID II, this ETF is classified as non-complex."
}