{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI China A UCITS ETF",
    "investment_objective": "To replicate the performance of the MSCI China A Inclusion Index by buying all or a substantial number of the securities in the index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "China (A-Shares listed on Shanghai and Shenzhen exchanges)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses direct physical replication to track the MSCI China A Inclusion Index by purchasing a substantial number of underlying securities. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or factsheet. The fund may use derivatives only for risk management purposes, which does not trigger complexity classification. There is no leverage, inverse or amplified exposure. The underlying assets are large and mid-cap Chinese equities, which are liquid and transparent. The fund is UCITS compliant and has a risk rating of 6 out of 7, reflecting market and emerging market risks rather than structural complexity. No capital protection or structured features are present. Costs are straightforward with a TER of 0.35% and no performance fees or swap fees. Securities lending is minimal and revenue sharing is disclosed but does not increase costs. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms physical replication and no use of swaps. Overall, the fund\u2019s structure and strategy are straightforward and transparent, consistent with a non-complex classification under MiFID II."
}