{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The INQQ India Internet UCITS ETF is a UCITS-compliant ETF that seeks to track the INQQ India Internet ESG Screened Index through a passive management approach using physical replication or representative sampling. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments as part of the investment strategy. The fund does not employ leverage, inverse exposure, or capital protection mechanisms. The underlying assets are publicly traded equity securities, including ADRs, GDRs, and IDRs, listed on regulated markets with liquidity and market capitalization requirements. The risk profile is medium-high (5 out of 7), reflecting market and emerging market risks, currency risk, and sector-specific risks, but not complexity from derivatives or leverage. The PRIIPs KID includes a comprehension warning that the product is 'not simple and may be difficult to understand,' which is typical for emerging market equity ETFs with sector concentration and ESG screening, but no structural complexity such as swaps or leverage is identified. Costs are straightforward with no performance fees or swap fees, and securities lending is disclosed but does not imply complexity. No capital protection or structured features are present. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance with minimal derivative exposure used only for efficient portfolio management if at all, thus it is classified as non-complex under MiFID II."
}