{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The Invesco ChiNext 50 UCITS ETF is a UCITS-compliant, physically replicated ETF that tracks a transparent equity index. It does not use derivatives as a core part of its investment strategy, does not employ leverage beyond UCITS limits, and does not hold complex instruments such as swaps, structured products, or contingent convertible bonds. The ETF may use sampling techniques for efficient portfolio management, but this does not introduce structural complexity or counterparty risk that would make the product difficult for a retail investor with basic knowledge to understand. The risks disclosed (emerging markets, concentration, equity, currency, securities lending) are typical for equity ETFs and do not relate to complex product features. Therefore, the ETF meets all criteria for non-complex classification under MiFID II Article 25(4)(a)(iv) and does not trigger any of the complexity factors outlined in Article 57 of the Delegated Regulation[1][2]."
}