{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The KraneShares CSI China Internet UCITS ETF is classified as non-complex under MiFID II based on the following analysis: 1. The fund uses physical replication to track the CSI Overseas China Internet Index, explicitly stating it does not intend to use financial derivative instruments. 2. There is no mention of leverage, inverse exposure, or synthetic replication in the KIID or PRIIPs documents. 3. The fund's investment strategy focuses on direct investment in China internet companies, with no indication of complex underlying assets like contingent convertible bonds or structured products. 4. The risk profile (category 7) is primarily driven by equity market volatility and emerging market risks, which are standard for equity ETFs. 5. The fund is UCITS-compliant, which typically aligns with non-complex classifications. 6. The PRIIPs KID does not contain a comprehension warning, further supporting the non-complex classification. The only potential complexity factor is the fund's focus on China internet companies, which may involve higher volatility and regulatory risks, but these are standard for sector-specific equity ETFs and do not trigger MiFID II complexity rules.",
    "confidence": 95
}