{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "complex_factors": "Currency hedging techniques are used to minimise the risks associated with movements in currency exchange rates.",
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and uses physical replication to track the Bloomberg MSCI USD Corporate Float-Adjusted Liquid Bond Screened Index. Derivatives may be used for risk reduction, cost management, or income generation (efficient portfolio management). Currency hedging is employed, which could introduce a layer of complexity but is aimed at minimizing risks. The fund reinvests income and is suitable for long-term investment. Although there are some risk factors, including potential inflation, credit and ESG and index tracking risks, these are inherent in the assets being tracked and the approach rather than complex mechanisms that are difficult to understand. The use of derivative instruments for managing risk rather than as an inherent element of the strategy then derivatives=false. "
    }
}