{
    "fund_name": "Invesco NASDAQ Next Generation 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 ETF uses physical replication to track the NASDAQ Next Generation 100 Index, which consists of common stocks, ordinary shares, and ADRs of large NASDAQ-listed non-financial companies. There is no mention of synthetic replication, swaps, or leverage in the KIID or PRIIPs documents. The fund's investment strategy is straightforward, aiming to replicate the index by holding all securities in their respective weightings. The risk profile is typical for an equity ETF, with no indication of complex structures or significant counterparty risk beyond standard securities lending. The PRIIPs KID does not include a comprehension warning, further supporting the non-complex classification.",
    "confidence": 95
}