{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco Global Buyback Achievers UCITS ETF",
    "investment_objective": "To provide investment results corresponding to the price and yield performance of the NASDAQ Global Buyback Achievers Index (Net Total Return) in USD by replicating all constituents of the Index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global, including US and international companies",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fund uses physical replication, holding all or substantially all securities in the Index in their respective weightings. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. The PRIIPs KID confirms derivatives may be used only for risk management purposes, not as an inherent part of the strategy, so derivatives are marked false. There is no leverage or inverse exposure. The underlying assets are equities of companies with share buyback characteristics, which are liquid and transparent. The risk rating is 4 (medium risk) in PRIIPs and 6 in KIID, reflecting equity market risk but not complexity. Costs are straightforward with no performance fees or swap fees. Securities lending is used but this is common and does not imply complexity. No capital protection or structured features are present. The index tracked is a standard equity index based on buyback criteria, with quarterly rebalancing, but no complex derivatives or contingent bonds are involved. The monthly factsheet confirms physical replication and no synthetic or swap usage. Overall, the ETF is a straightforward, physical, equity index tracker with no leverage or complex derivative usage, thus classified as non-complex under MiFID II rules."
}