{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Invesco NASDAQ-100 Equal Weight UCITS ETF aims to track the NASDAQ-100 Equal Weighted Index by physically holding all shares in the index as far as practicable, indicating physical replication. The KIID and PRIIPs KID explicitly state that derivatives may be used only for risk management, cost reduction, or generating additional capital or income, not as a core part of the investment strategy, so derivative use is incidental and not inherent. There is no mention of synthetic replication, swap agreements, or counterparty risk beyond securities lending risk, which is disclosed but typical for physical ETFs. The fund has no leverage, inverse or amplified exposure, and the risk rating is 5 out of 7, a medium-high risk consistent with equity market exposure rather than complexity. The underlying assets are large-cap Nasdaq-listed equities, liquid and transparent, with no complex structured products or contingent bonds. The fund is UCITS compliant, with a straightforward index-tracking objective and a clear linear relationship to the underlying index performance. Costs are simple, with a single ongoing charge of 0.20%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication, no use of swaps, and no leverage. There is no capital protection or structured features. No complexity flags such as contingent convertible bonds, leverage, or synthetic replication are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}