{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Tabula Haitong Asia ex-Japan High Yield Corp USD Bond Screened UCITS ETF",
    "investment_objective": "Passive tracking of the iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index",
    "primary_asset_class": "High Yield Corporate Bonds",
    "geographic_focus": "Asia ex-Japan",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF invests primarily in USD-denominated high yield corporate bonds in the Asia ex-Japan region using a sampling strategy to replicate the index. The replication method is physical/direct purchase of underlying securities, with no mention of synthetic replication, swap agreements, or derivative instruments as part of the investment strategy. The fund is UCITS compliant and does not employ leverage, inverse exposure, or capital protection mechanisms. The risk profile is moderate (risk level 3 in PRIIPs KID, 6 in KIID due to high yield nature), but this is driven by credit and liquidity risks inherent in high yield bonds rather than structural complexity. Counterparty risk disclosures relate to safekeeping and potential derivatives counterparties but derivatives are not used as an inherent part of the strategy, only possibly for risk management. Costs are straightforward with a TER of 0.65%, no performance fees, and no swap or derivative fees. The index tracked applies ESG screening and issuer/sector caps but does not involve complex structured products or contingent bonds. The factsheet confirms direct bond holdings and no use of swaps or synthetic replication. There is no capital protection or structured features. The PRIIPs KID includes a comprehension warning indicating the product is 'not simple and may be difficult to understand' due to the nature of high yield bonds and emerging market exposure, but this does not translate into complexity under MiFID II as per the criteria. Therefore, the ETF is classified as non-complex under MiFID II rules."
}