{
    "ucits": true,
    "type": "ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": "Derivative use for efficient portfolio management, potential counterparty risk, and portfolio optimization (sampling) may introduce complexity, but not central to strategy.",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicated fund tracking the Solactive China Technology Index using a sampling strategy. It may use derivatives for efficient portfolio management (EPM), such as when direct replication is not possible or to generate efficiencies, but derivatives are not central to the investment objective. The fund may engage in securities lending, which introduces counterparty risk, but this is mitigated by collateral policy and is a secondary feature. The fund does not use significant leverage, embedded derivatives, or synthetic replication. The index is transparent and the structure is straightforward for a retail investor with basic knowledge. The high risk category (7/7) reflects market volatility of emerging market equities, not structural complexity. The use of derivatives is limited and disclosed, with risks explained in the KID.",
    "classification": "non-complex"
}