{
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The Invesco UK Gilt 15+ Year UCITS ETF is a passively managed, physically replicated ETF tracking a transparent, investment-grade UK government bond index. It uses sampling for portfolio construction but does not employ derivatives for replication or leverage. The fund may engage in securities lending, but this is a secondary feature, well-managed within UCITS rules, and does not dominate the risk profile. The ETF is UCITS-compliant, listed, and provides daily liquidity. The underlying index is straightforward, with no embedded derivatives, complex payout structures, or contingent features. The structure, risks, and investment objective are easily understood by retail investors with basic knowledge. No features identified would override the UCITS presumption of non-complexity under MiFID II Article 25(4) and Delegated Regulation Article 57."
}