{
    "fund_name": "Invesco EURO STOXX High Dividend Low Volatility 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 EURO iSTOXX High Dividend Low Volatility 50 Index, which consists of 50 Eurozone equities selected for high dividend yields and low volatility. There is no mention of synthetic replication, swaps, or leverage in the KIID or PRIIPs documents. The fund's investment strategy is straightforward, focusing on direct equity exposure with no complex structured products or capital protection features. The risk profile (category 6) is primarily driven by equity market risks, which are typical for equity ETFs. The PRIIPs KID does not include a comprehension warning, further supporting the non-complex classification. The fact sheet confirms physical replication and no derivative usage beyond standard portfolio management. The fund's transparency, liquidity, and lack of complex strategies align with MiFID II's criteria for non-complex instruments.",
    "confidence": 95
}