{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco MSCI World Universal Screened UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The fund is a UCITS-compliant ETF that physically replicates the MSCI World Universal Select Business Screens Index by holding the underlying securities in their respective weightings as far as practicable. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy; derivatives are only used for risk management or cost reduction purposes, which does not trigger complexity under MiFID II. The fund does not employ leverage or inverse strategies, nor does it invest in complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is moderate (risk category 6 in KIID, 4 in PRIIPs), reflecting equity market risk rather than structural complexity. Costs are straightforward with a single ongoing charge of 0.19%, no performance fees, and no swap or derivative fees. Securities lending is used but is a common practice and disclosed transparently. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication, no leverage, and no synthetic structures. The index tracked is a screened ESG variant of the MSCI World Index, which is a broad, liquid, transparent equity index without complex structured features. Therefore, the ETF is classified as non-complex under MiFID II criteria."
}