{
    "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 aims to track the WilderHill New Energy Global Innovation Index by physically holding the underlying securities 'as far as possible and practicable'. The fund uses physical replication, confirmed by the factsheet. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy. Derivatives may be used only for risk management or cost reduction purposes, which does not trigger complexity under MiFID II. There is no leverage, inverse or amplified exposure language. The risk profile is high (risk category 7 in KIID) due to the underlying equity exposure to small and emerging market companies, but this is a market risk rather than complexity. The fund is UCITS compliant, with no capital protection or structured features. Costs are straightforward with a single ongoing charge of 0.60%, 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 any comprehension warnings or complexity flags. The underlying index is composed of equities in clean energy sectors, which are liquid and transparent, with no complex structured products or contingent bonds. No counterparty risk from swaps or derivatives is disclosed. Overall, the fund exhibits a straightforward, physical replication strategy with direct investment in liquid equities, no leverage, no synthetic structures, and no complex underlying assets, leading to a non-complex classification under MiFID II."
}