{
    "fund_name": "Invesco FTSE RAFI UK 100 UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the FTSE RAFI UK 100 Index, which is a straightforward equity index. There is no mention of synthetic replication, swaps, leverage, or inverse strategies. The fund invests directly in the underlying securities of the index, and the risk profile is typical for an equity ETF. The KIID and PRIIPs documents confirm the physical replication method and the absence of complex derivative strategies. The fund is UCITS-compliant, which typically indicates a lower complexity profile. The only potential complexity factor mentioned is securities lending, but this is a common practice in many ETFs and does not inherently make the fund complex under MiFID II.",
    "confidence": 95
}