{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Invesco MSCI Europe Catholic Principles UCITS ETF is a physically replicated ETF that tracks the MSCI Europe Select Catholic Principles Selection 10-40 Index. It uses direct investment in underlying securities to replicate the index, with no leverage or inverse exposure. While the KIID mentions that derivatives may be used for risk management, reducing costs, or generating additional capital or income, this usage is limited to efficient portfolio management (EPM) and does not constitute a primary investment strategy. The ETF is UCITS-compliant, has a straightforward investment objective, and invests in liquid, transparent equities. The risk profile (category 6) is primarily driven by equity market risks rather than structural complexity. The absence of synthetic replication, leverage, or complex underlying assets supports the non-complex classification. The PRIIPs KID and factsheet confirm physical replication and do not introduce additional complexity factors.",
    "confidence": 95
}