{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco MSCI World 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 ETF aims to track the MSCI World ESG Climate Paris Aligned Benchmark Select Index using physical replication, holding all securities in the index as far as practicable. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. Derivatives may be used only for risk management or cost reduction, not as an inherent part of the strategy, so derivatives exposure is minimal and not complexity-driving. There is no leverage, inverse or amplified exposure. The underlying assets are large and mid-cap equities in developed markets, which are liquid and transparent. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 out of 7 in KIID, reflecting equity market risk rather than complexity). No capital protection or structured features are present. Costs are straightforward with a low ongoing charge (0.19%) and no performance fees. Securities lending is used but is a common practice and does not add complexity. 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 MiFID II criteria for a complex financial instrument."
}