{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco EQQQ NASDAQ-100 UCITS ETF",
    "investment_objective": "To provide investment results corresponding to the price and yield performance of the NASDAQ-100 Notional Index (Net Total Return) in USD, by replicating all constituents of the Index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Primarily US and international non-financial companies listed on NASDAQ",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Fund uses physical replication by holding all or substantially all shares of the NASDAQ-100 Index in their respective weightings. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy, only limited use of derivatives for currency hedging purposes, which does not trigger complexity under MiFID II. The Fund is UCITS compliant, which imposes strict regulatory limits on leverage and complex instruments. The risk profile is medium-high (category 5 out of 7), reflecting equity market risk and concentration risk, but not complexity from leverage or derivatives. No capital protection or structured features are present. Costs are straightforward with a single ongoing charge of 0.35% and no performance fees. 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 monthly factsheet confirms physical replication, no use of swaps, and direct investment in liquid, transparent equity securities. Therefore, the ETF does not meet the MiFID II criteria for a complex financial instrument."
}