{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "inverse": false,
    "derivatives": false,
    "swaps": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers MSCI China UCITS ETF aims to replicate the MSCI China TRN Index primarily through physical replication, as confirmed by the factsheet stating 'Direct Replication (physically)'. The KIID and PRIIPs KID documents mention that the fund may use derivatives only for risk management purposes, not as an inherent part of the investment strategy, which aligns with 'derivatives' marked false. There is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The fund does not employ leverage or inverse strategies, and no capital protection or structured features are present. The risk profile is medium-high (5/7), reflecting market and emerging market risks rather than complexity from the product structure. Costs are straightforward with a TER of 0.28%, no performance fees, and no swap or derivative fees. The underlying assets are large and mid-cap Chinese equities, which are liquid and transparent. No complex underlying assets such as contingent convertible bonds or CLOs are held. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}