{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares China CNY Bond UCITS ETF",
    "investment_objective": "To track the Bloomberg Barclays China Treasury + Policy Bank Index by investing primarily in CNY denominated bonds issued by the Ministry of Finance of the PRC and Chinese policy banks.",
    "primary_asset_class": "bond",
    "geographic_focus": "China",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to physically replicate the Bloomberg Barclays China Treasury + Policy Bank Index by investing directly in the underlying fixed income securities (CNY denominated bonds issued by Chinese government and policy banks). The KIID and PRIIPs KID explicitly state the Fund intends to hold the bond issues comprising the Index in similar proportions, with no mention of synthetic replication or use of swap agreements. The Fund may use financial derivative instruments (FDIs) only to help achieve investment objectives, but this is not an inherent part of the strategy and is likely for risk management or efficient portfolio management, thus derivatives are marked false. There is no leverage, inverse or amplified exposure language. The risk indicator is low (3/7 in KIID, 2/7 in PRIIPs KID), consistent with a straightforward bond ETF. The monthly factsheet confirms physical replication methodology and no use of swaps or synthetic structures. The Fund is UCITS compliant. No capital protection or structured features are present. Costs are straightforward with a TER of 0.35%, no performance fees, and no swap or derivative fees. Counterparty risk disclosures relate to normal custody and securities lending counterparties, not to synthetic replication. The underlying assets are standard fixed income securities, not complex structured products or contingent convertible bonds. Overall, the ETF exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}