{
    "name": "Invesco S&P 500 Equal Weight UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Invesco S&P 500 Equal Weight UCITS ETF is a physically replicated ETF that tracks the S&P 500 Equal Weight Index. It does not use leverage, inverse strategies, or synthetic replication methods such as swaps or derivatives. The fund's objective is straightforward: to replicate the performance of the index by holding the underlying securities. The KIID and factsheet confirm that the fund uses physical replication, which is a non-complex indicator under MiFID II. The risk profile is clearly disclosed, and the fund is UCITS-compliant, which generally aligns with non-complex classifications. The absence of complex features like capital protection mechanisms, structured products, or significant counterparty risks further supports the non-complex classification.",
    "confidence": 95
}