{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco MSCI Pacific Ex Japan 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 Pacific Ex Japan Universal Screened Index by holding, as far as practicable, 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. Derivatives may be used only for risk management or cost reduction purposes, which does not trigger complexity under MiFID II. The Fund does not employ leverage, inverse or amplified exposure. The underlying assets are large- and mid-cap equities from developed Pacific markets excluding Japan, which are liquid and transparent. There are no capital protection or structured features. The risk rating is 6 out of 7 in the KIID, reflecting market risk but not complexity from derivatives or leverage. The PRIIPs KID confirms a medium risk profile (4 out of 7) and no capital guarantee. The ongoing charges are straightforward with no performance fees or swap fees. Securities lending is used but is a common practice and does not add complexity. The monthly factsheet confirms physical replication, no use of swaps, and direct investment in equities. The index tracked is ESG-screened but not complex in structure. There are no references to contingent bonds, complex structured products, or significant counterparty risk. Overall, the Fund exhibits characteristics of a non-complex ETF under MiFID II."
}