{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Invesco Quantitative Strategies ESG Global Equity Multi-Factor UCITS ETF is an actively managed equity ETF investing directly in global equities screened for ESG criteria. The KIID and PRIIPs KID confirm the fund uses physical holdings with no synthetic replication or swap agreements mentioned. Derivatives are only used for risk management and currency hedging (FX forwards), not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The fund does not invest in complex underlying assets such as contingent convertible bonds or CLOs. The risk rating is 6 (medium-high) reflecting equity market risk and ESG factor concentration, but no complexity flags such as capital protection or structured features are present. Costs are straightforward with no performance fees or swap fees. Securities lending is used but is a common practice and does not add complexity under MiFID II. The fund is UCITS compliant and uses a transparent, physical replication approach with monthly rebalancing. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The monthly factsheet confirms no use of swaps or synthetic replication and no leverage. Overall, the fund exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}