{
    "fund_name": "Invesco S&P 500 Equal Weight UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Physical replication of S&P 500 Equal Weight Index",
        "No leverage or inverse exposure",
        "No synthetic replication or swap usage",
        "Transparent and liquid underlying assets"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the S&P 500 Equal Weight Index, which is a straightforward, transparent index. There is no mention of synthetic replication, swaps, leverage, or inverse exposure in the KIID or PRIIPs documents. The fund invests directly in the underlying securities of the index, and there are no complex structured products or capital protection mechanisms. The risk profile is clearly explained, and the fund is UCITS-compliant, indicating it meets regulatory standards for retail investor suitability. The PRIIPs document does not include a comprehension warning, further supporting the non-complex classification.",
    "confidence": 95
}