{
    "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 all or substantially all of the underlying securities in their respective weightings, as stated in the KIID and confirmed by the factsheet. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. The PRIIPs KID confirms that derivatives may be used only for risk management purposes, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The fund invests directly in liquid, transparent equity securities of US large-cap companies, with no complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is medium-high (5/7), consistent with equity market risk and geographic concentration, but not indicative of complexity. Costs are straightforward with a single ongoing charge of 0.20%, no performance fees, and no swap or derivative fees. Securities lending is used but is a common practice and does not add complexity under MiFID II. No capital protection or structured features are present. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the fund exhibits none of the complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex under MiFID II."
}