{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco CoinShares Global Blockchain UCITS ETF",
    "investment_objective": "To track the net total return performance of the CoinShares Blockchain Global Equity Index, less fees, expenses and transaction costs.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global developed and emerging markets including US, Japan, UK, Canada, Australia, and others",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication, holding as far as possible all securities in the underlying index in their respective weightings. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. The Fund may use derivatives only for risk management purposes, which does not trigger complexity under MiFID II. There is no leverage or inverse exposure. The underlying assets are equities of companies involved in blockchain technology, which are liquid and transparent securities. The risk rating is high (6 out of 7) due to equity market volatility and sector concentration, but this does not imply complexity under MiFID II. No capital protection or structured features are present. Costs are straightforward with a single ongoing charge of 0.65%, no performance fees, and no complex fee structures. Securities lending is used but is a common practice and does not add complexity. The PRIIPs KID does not include a comprehension warning. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. Overall, the ETF is a straightforward, physical, equity index tracking UCITS ETF with no inherent complexity factors under MiFID II."
}