{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares China Large Cap UCITS ETF",
    "investment_objective": "To track the FTSE China 50 Index by investing in the equity securities that make up the index in similar proportions.",
    "primary_asset_class": "Equity",
    "geographic_focus": "China (Hong Kong Stock Exchange listed companies)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate the FTSE China 50 Index by holding the underlying equity securities directly in similar proportions, indicating physical replication. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the core investment strategy. The fund may use financial derivatives only for investment purposes but not as an inherent element of the strategy, thus derivatives are marked false. There is no leverage, inverse or amplified exposure language. The underlying assets are large-cap, liquid equities listed on the Hong Kong Stock Exchange, with no complex structured products or contingent bonds involved. The risk profile is medium-high (5 out of 7) mainly due to equity market risk, emerging market risk, currency risk, and liquidity risk, but not due to structural complexity. The fund is UCITS compliant, with a straightforward index-tracking objective and physical replication. Costs are standard with no swap or performance fees. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. No capital protection or structured features are present. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}