{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The Invesco FTSE All-World UCITS ETF employs physical replication to track the FTSE All-World Index. The ETF's investment objective is to replicate the net total return performance of the Index, less fees, expenses, and transaction costs. The ETF uses sampling techniques, holding a smaller number of securities than the index itself, which aligns with a non-complex classification under MiFID II. The ETF does not use leverage and the structure of the ETF is clear and easily understandable. As per the Key Investor Information Document (KIID) the ETF uses FX forwards to hedge currency risk of the share class, but it does not appear to have swaps, embedded derivatives, or other complex features such as leverage, making it non-complex and not requiring a comprehension alert. The index itself is well-documented and transparent."
    }
}