{
    "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 a physically replicated ETF that tracks the NASDAQ-100 Index. The KIID and PRIIPs documents confirm it uses physical replication (direct purchase of underlying securities) and does not employ derivatives, swaps, or leverage. The fund's investment objective is straightforward: to replicate the performance of the NASDAQ-100 Index by holding all or a representative sample of its constituents. The risk profile is rated as category 6 (moderate to high risk), but this is typical for equity ETFs and does not indicate complexity. The fund is UCITS-compliant, which implies adherence to strict regulatory standards for transparency and investor protection. There are no mentions of synthetic replication, capital protection mechanisms, or structured features. The only derivative-related activity is securities lending (a common practice in ETFs), but this is not used for investment purposes and does not trigger complexity under MiFID II. The underlying index (NASDAQ-100) is a well-known, liquid benchmark consisting of large-cap US equities, which further supports the non-complex classification.",
    "confidence": 95
}