{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Invesco S&P 500 Equal Weight UCITS ETF aims to track the S&P 500 Equal Weight Index by physically holding the underlying securities in their respective weightings, as far as practicable. The KIID and PRIIPs KID documents confirm the fund uses physical replication, with no mention of synthetic replication, swap agreements, or derivative instruments as part of the investment strategy. The fund does not employ leverage or inverse exposure, and there are no capital protection or structured features. The risk profile is medium-high (5 out of 7), consistent with equity market exposure, but this is due to market risk rather than complexity. The fund may engage in securities lending, but this does not trigger complexity classification. Costs are straightforward with a single ongoing charge of 0.20%, no performance fees, and no complex fee structures. The monthly factsheet confirms physical replication, UCITS compliance, and no use of derivatives or swaps. There is no indication of complex underlying assets such as contingent convertible bonds or CLOs. The index tracked is a standard equity index with an equal weighting methodology, which does not add complexity under MiFID II. No comprehension warnings or complexity flags appear in the PRIIPs KID. Therefore, the fund is classified as non-complex under MiFID II."
}