{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Invesco EURO STOXX High Dividend Low Volatility UCITS ETF aims to track the EURO iSTOXX High Dividend Low Volatility 50 Index by replicating all constituents physically, as confirmed by the factsheet stating 'Physical Replication' and 'Replication Method: Physical'. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes, only a note that derivatives may be used for risk management, which does not trigger complexity under MiFID II. The fund does not employ leverage or inverse strategies, and the risk indicator is moderate (4 out of 7 in PRIIPs KID, risk category 6 in KIID, consistent with equity risk but not excessive complexity). The underlying assets are equities from Eurozone companies with high dividend yields and low volatility, which are liquid and transparent. There are no capital protection or structured features. Costs are straightforward with a single ongoing charge of 0.30%, no performance fees, and no swap or derivative fees. Securities lending is disclosed but is a common practice and does not add complexity. The PRIIPs KID does not include any comprehension warnings or complexity flags. The index methodology is transparent and based on historical dividend yield and volatility screening, without complex structured products or contingent bonds. Therefore, the ETF is classified as non-complex under MiFID II criteria."
}