{
    "type": "ETF",
    "ucits": true,
    "fund_name": "JPM Carbon Transition China Equity (CTB) UCITS ETF - USD (acc)",
    "investment_objective": "To provide returns that correspond to those of its Index, the Solactive J.P.Morgan Asset Management China Carbon Transition Index, via passive index tracking.",
    "primary_asset_class": "Equity",
    "geographic_focus": "China (including Hong Kong, Shanghai, Shenzhen and outside PRC)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF pursues a passive index tracking strategy using physical replication by holding all or substantially all of the Index Securities in similar proportions. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or factsheet. The Sub-Fund may use financial derivative instruments only for efficient portfolio management purposes, which does not constitute inherent derivative exposure for complexity classification. There is no leverage or inverse exposure. The underlying assets are large and mid-cap Chinese equities, which are liquid and transparent securities. The fund is UCITS compliant and uses increased diversification limits under UCITS regulation. The risk profile is high (category 7 in KIID) due to the volatility of the underlying Chinese equity market, not due to structural complexity. No capital protection or structured features are present. Costs are straightforward with a single ongoing charge and no performance fees. Counterparty risk is limited to operational risks related to China-Hong Kong Stock Connect, which is standard for China equity ETFs and does not imply synthetic replication or complex derivative exposure. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms physical replication and no use of swaps or leverage. Therefore, under MiFID II, this ETF is classified as non-complex."
}