{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Invesco EQQQ NASDAQ-100 UCITS ETF aims to replicate the NASDAQ-100 Notional Index by physically holding all or substantially all of the underlying shares in their respective weightings, as confirmed by the KIID, PRIIPs KID, and the monthly factsheet. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy, only a note that derivatives may be used for risk management purposes, which does not trigger complexity under MiFID II. The fund is UCITS compliant, uses physical replication, and does not employ leverage, inverse exposure, or capital protection mechanisms. The risk rating is 5 out of 7, reflecting medium-high market risk typical of equity ETFs but not complexity. Costs are straightforward with a single ongoing charge of 0.30% and no performance fees or swap fees. Securities lending is used but is a common practice and does not add complexity. There are no complex underlying assets such as contingent convertible bonds or CLOs. The index tracked is a well-known, transparent equity index without complex features. No PRIIPs comprehension warnings or complexity flags are present. Therefore, the ETF is classified as non-complex under MiFID II."
}