{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The ETF tracks the Bloomberg MSCI December 2028 Maturity USD Corporate ESG Screened Index. The index comprises investment grade, fixed rate, US Dollar denominated corporate bonds with specific maturity dates and excludes issuers based on ESG criteria. The ETF uses an optimizing technique to achieve similar returns to its index, which is a form of physical replication. It may use Financial Derivative Instruments (FDIs) for direct investment purposes, but the primary investment strategy is to hold fixed income securities. Importantly, the ETF is a UCITS product, which carries a presumption of being non-complex. The document mentions that the Fund may engage in short-term secured lending, which is a common practice for ETFs to generate additional income and offset costs, and this does not automatically render it complex. The stated risks, such as credit risk and interest rate risk, are inherent to fixed income investments and do not stem from complex structures or derivative usage. The ETF is a 'term' ETF, meaning it has a defined maturity date, which is a straightforward characteristic. The absence of embedded derivatives or complex underlying assets, combined with the UCITS structure and physical replication method, strongly supports a non-complex classification."
    }
}