{
    "type": "ETF",
    "ucits": true,
    "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, passively managed ETF that seeks to track the CSI Overseas China Internet Index by investing primarily in the physical securities of China Internet companies or their depositary receipts. The KIID and PRIIPs KID explicitly state that the Fund does not intend to use financial derivative instruments, total return swaps, or repurchase agreements. The Fund may engage in securities lending but this is not considered a complexity factor under MiFID II. There is no leverage, inverse exposure, or capital protection mechanism. The underlying assets are equities of publicly traded companies, with no indication of complex structured products or contingent bonds. The risk profile is high (category 6-7) due to market volatility and concentration in emerging markets, but this is typical for equity ETFs focused on China internet companies and does not imply complexity under MiFID II. Costs are straightforward with a single ongoing charge (TER) of 0.75%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication with 30 holdings, no mention of derivatives or swaps, and no leverage. There are no references to synthetic replication, counterparty risk, or complex indices. Therefore, the ETF is classified as non-complex under MiFID II."
}