{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The KraneShares CSI China Internet UCITS ETF is a UCITS-compliant ETF that physically replicates the CSI Overseas China Internet Index by investing primarily in equity securities and depositary receipts of China Internet companies. The KIID and PRIIPs KID explicitly state that the Fund does not intend to use financial derivative instruments such as total return swaps or repurchase agreements, and the factsheet confirms a straightforward index-tracking strategy with physical holdings. There is no leverage, inverse exposure, or capital protection features. The risk profile is high (category 6-7) due to market volatility and concentration risks in emerging markets and the internet sector, but this risk arises from the underlying equity exposure and market conditions rather than structural complexity. Costs are standard with a TER of 0.75%, no performance fees, and no complex fee structures. No references to synthetic replication, counterparty risk, or complex structured products are found. The Fund uses physical replication with a near mirror image of the index, investing directly in liquid, transparent securities. Therefore, under MiFID II criteria, the Fund is classified as non-complex."
}