{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF",
    "investment_objective": "To generate income together with capital growth by replicating the FTSE Emerging High Dividend Low Volatility Index (Net Total Return) in USD",
    "primary_asset_class": "Equity",
    "geographic_focus": "Emerging Markets",
    "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, with no mention of synthetic replication or swap agreements. The PRIIPs KID confirms that derivatives may only be used for risk management purposes, not as a core part of the investment strategy, so derivatives exposure is minimal and incidental. There is no leverage, inverse or amplified exposure. The underlying assets are equities in emerging markets, which are liquid and transparent, with no complex structured products or contingent bonds. The risk rating is 6 in the KIID but 4 in the PRIIPs KID, reflecting market risk rather than structural complexity. Securities lending is used but this is common and disclosed, with no complex fee structures or performance fees. The factsheet confirms physical replication and no use of swaps or synthetic structures. No capital protection or structured features are present. Overall, the ETF is straightforward, with a clear, linear relationship to the underlying index performance, and no complexity triggers under MiFID II."
}