{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco Global Enhanced Equity UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Invesco Global Enhanced Equity UCITS ETF is an actively managed equity ETF investing primarily in global equities from developed markets. The investment approach is based on direct physical holdings of equities and equity-related securities selected through a quantitative model focusing on value, quality, and momentum factors. There is no mention of synthetic replication, swap agreements, 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 does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or structured products. The risk profile is moderate (risk category 3-4), consistent with equity market exposure, and there are no capital protection or structured features. Costs are straightforward with a single ongoing charge of 0.24%, no performance fees, and no complex fee structures. Securities lending is used but is a common practice and does not add complexity. The PRIIPs KID confirms the absence of leverage and derivative use beyond risk management, and the risk indicator is medium-low (3/7), supporting a non-complex classification. No comprehension warnings or complexity flags are present in the PRIIPs document. Overall, the ETF exhibits a clear, linear relationship to underlying equity performance through physical replication, with no synthetic or leveraged elements, and no complex underlying assets, leading to a non-complex classification under MiFID II."
}