{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Invesco MSCI China Technology All Shares Stock Connect UCITS ETF is a passively managed ETF aiming to track the MSCI China Technology All Shares Stock Connect Select Index by holding, as far as practicable, all securities in the index in their respective weightings, indicating physical replication. 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 does not employ leverage, inverse or amplified exposure. The underlying assets are equities of large and mid-cap Chinese technology companies, which are liquid and transparent. There are no capital protection or structured features. The risk rating is high (6 out of 7), reflecting market and emerging market risks, but not complexity from derivatives or leverage. Costs are straightforward with a single ongoing charge of 0.49%, no performance fees, and no swap or derivative fees. 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. Therefore, the ETF is classified as non-complex under MiFID II despite a high risk profile due to market volatility and emerging market exposure."
}