{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco Hydrogen Economy UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Invesco Hydrogen Economy UCITS ETF is a passively managed ETF aiming to track the WilderHill Hydrogen Economy Index by holding, as far as practicable, all securities in the index in their respective weightings, indicating physical replication. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or factsheet. The Fund may use derivatives for risk management or cost reduction purposes, but this is not an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The underlying assets are equities in companies focused on hydrogen economy technologies, which are liquid and transparent securities. No capital protection or structured features are present. The risk rating is 7 in the KIID (high risk), but this is due to the volatility of small-cap and emerging market equities, not complexity of the product structure. Costs are straightforward with a single ongoing charge of 0.60%, no performance fees, and no swap or derivative fees. Securities lending is used but is a common feature and does not add complexity. The PRIIPs KID does not carry any comprehension warning or complexity flags. The factsheet confirms physical replication and no use of swaps or synthetic structures. Therefore, the ETF is classified as non-complex under MiFID II criteria."
}