{
    "fund_name": "Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex Index",
        "Emerging Markets Exposure"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the FTSE Emerging High Dividend Low Volatility Index, which is a complex index but does not involve derivatives, swaps, or leverage. The fund invests directly in equities of emerging market companies with high dividend yields and low volatility. While the underlying index is complex due to its screening methodology (volatility and dividend yield criteria), the ETF itself is straightforward in its approach. The use of physical replication and the absence of synthetic structures or leverage make it suitable for retail investors. The risk profile is clearly disclosed, and the fund is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 90
}