{
    "fund_name": "Invesco EQQQ NASDAQ-100 UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Invesco EQQQ NASDAQ-100 UCITS ETF is classified as non-complex under MiFID II for the following reasons:1. Physical Replication: The fund uses physical replication to track the NASDAQ-100 Index, as explicitly stated in the PRIIPs KID document. This means it directly holds the underlying securities of the index, which is a non-complex method.2. No Derivative Usage: There is no mention of swaps, derivatives, or synthetic replication in the KIID or PRIIPs KID documents. The fund does not use leverage, inverse strategies, or any other complex financial instruments.3. Straightforward Investment Objective: The fund aims to replicate the performance of the NASDAQ-100 Index, a well-known and transparent index of large-cap non-financial companies listed on the NASDAQ Stock Market. The investment strategy is straightforward and easily understandable by retail investors.4. Risk Profile: The fund's risk profile is aligned with the underlying index, which is typical for equity ETFs. The risk category of 6 (out of 7) is consistent with the volatility of large-cap equities and does not indicate complexity.5. UCITS Compliance: The fund is UCITS-compliant, which inherently imposes strict regulatory requirements on the use of derivatives and leverage, ensuring that the fund remains suitable for retail investors.6. No Complex Features: There are no capital protection mechanisms, structured products, or other complex features mentioned in the documentation.The fund's simplicity is further supported by the fact that it is widely available to retail investors, including through ISA and SIPP accounts, and is marketed as a straightforward investment product.",
    "confidence": 95
}