{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares China CNY Bond UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The iShares China CNY Bond UCITS ETF aims to track the Bloomberg Barclays China Treasury + Policy Bank Index by investing directly in fixed income securities issued by Chinese government and policy banks. The fund uses physical replication, holding bonds in similar proportions to the index constituents. There is no indication of synthetic replication or use of swap agreements or total return swaps. The documents mention that financial derivative instruments (FDIs) may be used to help achieve investment objectives, but this is for direct investment purposes and risk management, not as an inherent part of the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk profile is low (risk level 2-3), consistent with a straightforward bond ETF. The fund invests in liquid, transparent fixed income securities, with no complex structured products or contingent bonds. No capital protection or structured features are present. Counterparty risk is disclosed but limited to custodial and operational counterparties, not from swap counterparties. Costs are simple with a TER of 0.35%, no performance fees, and no swap or derivative fees. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. Overall, the fund is a plain vanilla fixed income UCITS ETF with direct bond holdings and minimal derivative use for risk management only, thus classified as non-complex under MiFID II."
}