{
    "fund_name": "Xtrackers Harvest FTSE China A-H 50 UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex index tracking (A-H shares)",
        "Emerging market exposure",
        "Potential for significant tracking error"
    ],
    "classification": "non-complex",
    "confidence": 90,
    "supporting_data": "The ETF uses physical replication to track the FTSE China A-H 50 Index, which consists of the 50 largest and most liquid companies listed in mainland China (A-shares) and Hong Kong (H-shares). While the index itself includes both A and H shares, which may introduce some complexity due to the different regulatory environments and liquidity profiles, the ETF's straightforward physical replication method and lack of leverage or derivative usage mitigate this complexity. The fund's risk profile is primarily driven by the underlying equities, which are well-established companies in China. The fact that the ETF is UCITS-compliant and has a low ongoing charge (0.65%) further supports its classification as non-complex. The only potential complexity factors are the emerging market exposure and the potential for tracking error, but these are typical of many equity ETFs and do not rise to the level of complexity under MiFID II. The factsheet confirms the use of direct replication (physical) and does not mention any swap or derivative usage beyond what might be implied for efficient portfolio management, which is not sufficient to trigger a complex classification. The PRIIPs KID does not contain any comprehension warnings that would suggest additional complexity."
}