{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco Global Clean Energy UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Invesco Global Clean Energy UCITS ETF is a passively managed ETF tracking the WilderHill New Energy Global Innovation Index using physical replication, holding as far as practicable all securities in the index in their respective weightings. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or factsheet. The Fund may use derivatives only for risk management or cost reduction purposes, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The underlying assets are equities in clean energy sectors, primarily small and mid-sized companies, which are liquid and transparent. The risk rating is 7 in the KIID but 5 in the PRIIPs KID, reflecting market and sector risks rather than structural complexity. No capital protection or structured features are present. Costs are straightforward with a single ongoing charge of 0.60%, no performance fees, and no swap or derivative fees. Securities lending is used but is a common practice and does not add complexity under MiFID II. The factsheet confirms physical replication and no use of swaps or synthetic structures. The index tracked is a clean energy innovation index with no complex contingent bonds or structured products. No comprehension warnings or complexity flags appear in the PRIIPs KID. Therefore, the ETF is classified as non-complex under MiFID II criteria."
}