{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a physical replication fund tracking the Bloomberg China Treasury + Policy Bank + Liquid IG Credit Issuers Index. It invests directly in CNY-denominated bonds issued by the Chinese government, policy banks, and investment-grade corporate issuers. While the KIID mentions the possibility of using derivatives for efficient portfolio management (EPM), there is no indication of extensive or complex derivative usage, leverage, or synthetic replication. The fund's risk profile is rated at level 3, indicating moderate risk, and the underlying assets are straightforward government and corporate bonds. The absence of leverage, inverse strategies, or complex financial instruments supports the non-complex classification.",
    "confidence": 95
}