{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco MSCI Japan Universal Screened UCITS ETF",
    "investment_objective": "To track the net total return performance of the MSCI Japan Universal Select Business Screens Index, less fees, expenses and transaction costs.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Japan",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fund is a UCITS-compliant ETF that physically replicates the MSCI Japan Universal Select Business Screens 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 Japanese equities, 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 typical of equity ETFs, but no complexity flags such as counterparty risk or derivative risk disclosures are prominent. Costs are straightforward with a single ongoing charge of 0.19%, no performance fees, and no swap or derivative fees. The PRIIPs KID confirms a medium risk level (4/7) and no comprehension warnings. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. The index tracked is ESG-screened but not complex in construction. Therefore, the Fund is classified as non-complex under MiFID II."
}