{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "This UCITS ETF aims to replicate the Markit iBoxx USD Liquid Investment Grade 0-5 Index, focusing on investment-grade corporate bonds with a short duration (0-5 years). The fund utilizes optimizing techniques, which may include the use of financial derivative instruments (FDIs) for direct investment purposes but states this use is expected to be limited. The hedging strategy uses FDIs including FX forward contracts. The ETF employs physical replication, holding bonds that make up the index. The structure and risks are straightforward, and the fund's objective is easily understood. Therefore, it is considered non-complex, according to MiFID II guidelines. The fund's risk profile rating of 3 on the KID risk scale is representative of market volatility, not the presence of any complex structural element. Derivative use is described to be limited and for managing the FX exposure, rather than inherent to the strategy. Securities Lending may increase the counterparty risk but is a secondary feature which is well-managed and within UCITS rules. "
    }
}