{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Global X China Electric Vehicle and Battery UCITS ETF",
    "investment_objective": "To replicate the performance of the Solactive China Electric Vehicle and Battery v2 USD Index Net Total Return by investing primarily in equity securities constituting the index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Mainland China and Hong Kong",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate the Solactive China Electric Vehicle and Battery v2 USD Index by investing primarily in the underlying equity securities of the index, using physical replication. 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 hedging currency risk, which does not trigger complexity under MiFID II. The fund is UCITS compliant, open-ended, and invests directly in liquid equity securities concentrated in the electric vehicle and battery sector in China and Hong Kong. The risk rating is high (6 out of 7) due to market volatility and sector concentration but not due to structural complexity. There is no leverage, inverse exposure, capital protection, or structured product features. Costs are straightforward with no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet and KIID confirm no use of swaps or synthetic replication. Therefore, the fund is classified as non-complex under MiFID II criteria."
}