{
    "type": "ETF",
    "ucits": true,
    "fund_name": "KraneShares CSI China Internet UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The KraneShares CSI China Internet UCITS ETF is a UCITS-compliant ETF that physically replicates the CSI Overseas China Internet Index by investing primarily in the underlying equity securities or depositary receipts of China Internet companies. The KIID and PRIIPs KID explicitly state that the Fund does not intend to use financial derivative instruments such as total return swaps or repurchase agreements, and the factsheet confirms a straightforward index-tracking strategy with physical holdings. There is no leverage, inverse exposure, or capital protection mechanism. The Fund invests in liquid equity securities, with no indication of complex underlying assets like contingent convertible bonds or CLOs. The risk profile is high (category 6-7) due to market volatility, emerging market exposure, and concentration risks, but these do not imply complexity under MiFID II. Costs are standard with a TER of 0.75%, no performance fees, and no swap or derivative fees. No complexity flags such as synthetic replication, leverage, or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity disclaimers. Therefore, the Fund is classified as non-complex under MiFID II rules."
}