{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "inverse": false,
    "derivatives": false,
    "swaps": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Invesco ChiNext 50 UCITS ETF aims to replicate the ChiNext 50 Capped Index by physically holding the underlying securities or using representative sampling when full replication is not feasible. There is no mention of synthetic replication, swap agreements, or derivative instruments as part of the investment strategy. The fund is UCITS compliant, uses physical replication, and does not employ leverage or inverse exposure. The PRIIPs KID confirms derivatives may be used only for risk management or cost reduction, not as an inherent part of the strategy, so derivatives are marked false. The risk profile is high (6 out of 7) due to emerging market exposure and concentration risk, but this is typical for equity ETFs focused on less developed markets and does not imply complexity under MiFID II. No capital protection or structured features are present. Costs are straightforward with no performance fees or complex fee structures. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. Therefore, the ETF is classified as non-complex under MiFID II criteria."
}