{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "inverse": false,
    "derivatives": true,
    "swaps": true,
    "replication_method": "physical",
    "complex_factors": [
        "Up to 10% in total return swaps and contracts for difference",
        "Investment in China A-shares through CAAPs or funds",
        "Active management with discretionary deviations from benchmark",
        "Potential for significant tracking error (2.27% over 3 years)",
        "Risk profile classified as category 6 (high risk)"
    ],
    "classification": "complex",
    "supporting_data": "The ETF is classified as complex primarily due to its derivative usage (up to 10% in total return swaps and contracts for difference) and its active management strategy with discretionary deviations from the benchmark. While the replication method is physical, the use of derivatives for investment purposes (not just efficient portfolio management) and the potential for significant tracking error contribute to its complexity. The risk profile classification as category 6 (high risk) further supports this determination. The ETF's investment in China A-shares through CAAPs or funds also adds complexity due to the indirect exposure and potential for additional counterparty risk.",
    "confidence": 85
}