{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None identified",
    "supporting_data": "The Invesco Global Enhanced Equity UCITS ETF is a UCITS-compliant, physically replicated ETF investing primarily in global equities and equity-related securities. It does not use derivatives as a core part of its investment strategy, does not employ leverage beyond UCITS limits, and does not invest in structured products such as CLOs or use swaps for replication. The fund is actively managed but does not seek to track an index via synthetic means. Securities lending is permitted but is a secondary activity, well within UCITS rules, and does not dominate the risk profile. The fundu2019s structure, risks, and objectives are transparent and straightforward for retail investors with basic knowledge. There is no evidence of embedded derivatives, complex indices, or contingent convertible bonds. The fundu2019s risk profile (category 4) reflects market volatility, not structural complexity. All these factors support a non-complex classification under MiFID II Article 25(4)(a)(iv) and Article 57 of the Delegated Regulation, as the product does not incorporate features that would make it difficult for the average retail client to understand the risks involved[1][2].",
    "classification": "non-complex"
}