{
    "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 MSCI USA Universal Screened UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent, ESG-screened equity index. It uses derivatives only for efficient portfolio management (EPM), such as currency hedging, and not as a core part of its investment strategy. There is no evidence of significant leverage, synthetic replication, swaps, or embedded derivatives. The structure, risks, and objectives are straightforward and disclosed in the KID, making it easily understandable for retail investors with basic knowledge. Securities lending is present but is a secondary, well-managed feature within UCITS rules and does not introduce material complexity. The ETF does not track a complex or opaque index, nor does it hold complex bonds or structured products. All these factors align with the MiFID II presumption that UCITS ETFs are non-complex, absent features that introduce structural complexity or opacity[1]."
}