{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The Invesco S&P World Energy ESG UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent equity index. It may use derivatives for efficient portfolio management (EPM) only, not as a core strategy, and does not employ synthetic replication, swaps, leverage, or inverse strategies. The fund's structure, risks, and objectives are straightforward and disclosed in the KID, supporting the presumption that a retail investor with basic knowledge can understand the product. There is no evidence of embedded derivatives, complex indices, or contingent convertible bonds. Securities lending is permitted but is a secondary, well-managed feature within UCITS rules. The ETF does not have features that would make it difficult for a retail investor to understand the risks or payoff, and it does not trigger any of the MiFID II complexity criteria under Article 57 of Delegated Regulation (EU) 2017/565. Therefore, it is classified as non-complex under MiFID II."
}