{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares China CNY Govt Bond UCITS ETF",
    "investment_objective": "To track the FTSE Chinese Government Bond Index, reflecting the return of CNY denominated fixed-rate government bonds issued in mainland China.",
    "primary_asset_class": "bond",
    "geographic_focus": "China (mainland)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant bond ETF physically replicating the FTSE Chinese Government Bond Index by investing directly in fixed income securities issued by the Chinese government. The KIID and PRIIPs KID documents confirm the use of physical replication with sampled methodology and no synthetic replication or swap agreements mentioned. The Fund may use financial derivative instruments (FDIs) including FX contracts for direct investment purposes or hedging, but these are not inherent to the investment strategy and are used for risk management, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk indicator is low (3 in KIID, 2 in PRIIPs KID), consistent with a straightforward bond ETF. The monthly factsheet confirms physical product structure, no mention of swaps or synthetic replication, and holdings are direct government bonds with no complex structured products or contingent convertible bonds. The Fund uses securities lending to offset costs but this does not increase complexity. No capital protection or structured features are present. Counterparty risk is disclosed as a standard risk related to safekeeping and derivative counterparties but no significant counterparty exposure is indicated. Overall, the ETF exhibits a clear, linear relationship to the underlying index and invests in liquid, transparent securities, making it non-complex under MiFID II criteria."
}