{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "supporting_data": "The iShares China Large Cap UCITS ETF (USD) is a UCITS-compliant, physically replicated ETF that tracks the FTSE China 50 Index. It primarily holds the underlying equity securities of the index, with no indication of synthetic replication, embedded derivatives, or significant use of derivatives for investment purposes. The fund may use financial derivative instruments (FDIs) for efficient portfolio management (EPM), but there is no evidence that derivatives are central to the investment strategy or introduce material counterparty or collateral risk. Securities lending is disclosed as a secondary activity, managed within UCITS rules, and does not dominate the risk profile. The ETF does not employ leverage beyond UCITS limits, does not offer capital protection, and tracks a transparent, well-documented equity index. The structure, risks, and investment objective are straightforward and can be understood by retail investors with basic knowledge. No complex features such as contingent convertible bonds, swaps, or complex indices are present. The ETF meets all criteria for non-complex classification under MiFID II Article 25(4)(a)(iv) and Article 57 of the Delegated Regulation, as it is a standard UCITS ETF with physical replication, limited and non-strategic derivative use, and no embedded complex structures[1].",
    "classification": "non-complex"
}