{
    "fund_name": "Invesco Global Buyback Achievers 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 NASDAQ Global Buyback Achievers Index, which consists of equities from companies with significant share buyback activity. There is no mention of synthetic replication, swaps, leverage, or inverse strategies in the KIID or PRIIPs documents. The fund's investment objective is straightforward: to replicate the index's performance by holding all constituents in their respective weightings. The risk profile is rated 6/7, which is moderate, and the fund's costs are transparent. The PRIIPs document confirms physical replication and UCITS compliance. No complexity indicators (e.g., capital protection, structured products, or contingent bonds) are present. The underlying index is composed of liquid equities, and the fund's strategy is easily understandable for retail investors.",
    "confidence": 95
}