{
    "fund_name": "Invesco S&P World Information Technology ESG UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex index construction with multiple ESG screens and optimizations",
        "Potential for securities lending risk",
        "Concentration risk in technology sector"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the S&P World ESG Enhanced Information Technology Index, which involves complex ESG screening and optimization but does not inherently make the ETF complex under MiFID II. The fund does not use leverage, inverse strategies, or swaps for investment purposes. Derivatives are only mentioned for risk management, not as part of the core strategy. The index's complexity in construction does not automatically translate to the ETF being complex, as the fund's risk profile remains straightforward and transparent. The primary risks are equity market risk and concentration risk in the technology sector, which are typical for sector-specific ETFs. The fund's UCITS status and physical replication method further support its non-complex classification.",
    "confidence": 90
}