{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF is a UCITS-compliant ETF that physically replicates the SSE Science and Technology Innovation Board 50 Index by holding the underlying securities or depositary receipts representing those securities. The KIID and PRIIPs KID explicitly state that the Fund does not intend to use financial derivative instruments, repurchase agreements, or total return swaps, and may only engage in securities lending. There is no mention of synthetic replication, swap agreements, or counterparty risk related to derivatives. The Fund does not employ leverage, inverse exposure, or capital protection mechanisms. The risk profile is high (category 7 in KIID, 5 in PRIIPs KID), reflecting concentration risk, emerging market exposure, and equity volatility, but not complexity from derivatives or leverage. The monthly factsheet confirms physical holdings of underlying securities with no indication of derivative usage or complex structured products. Costs are straightforward with a TER of 0.82%, no performance fees, and no swap or derivative fees. There are no complexity flags such as contingent convertible bonds or structured features. The Fund\u2019s strategy is straightforward index tracking with a clear, linear relationship to the underlying index performance. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}