{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Invesco MSCI China All Shares Stock Connect UCITS ETF aims to track the MSCI China All Shares Stock Connect Select Index by physically holding, as far as practicable, all securities in the index in their respective weightings. The fund uses physical replication, not synthetic replication or swaps. There is no mention of any use of funded or unfunded swaps, total return swaps, or derivative instruments as part of the investment strategy, only limited use of derivatives for risk management purposes, which does not trigger complexity. The fund is UCITS compliant, with no leverage or inverse exposure. The risk profile is medium-high (5 out of 7), reflecting emerging market equity risk and currency risk, but not complexity from derivatives or leverage. The fund invests directly in liquid equity securities across multiple Chinese share classes accessible via Stock Connect, with no capital protection or structured features. Costs are straightforward with a single ongoing charge of 0.35%, no performance fees, and no complex fee structures. Securities lending is used but is standard and disclosed. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms physical replication and no synthetic or swap-based replication. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}