{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Fixed Maturity Date",
            "Sampling Techniques",
            "Securities Lending",
            "Credit Risk in Corporate Bonds",
            "Interest Rate Risk"
        ],
        "classification": "complex",
        "supporting_data": "The ETF aims to replicate the performance of a corporate bond index with a fixed maturity date using sampling techniques. It may use derivatives for risk management, but not for synthetic replication. Securities lending is permitted, introducing counterparty risk. While the ETF is UCITS compliant and tracks an index, the presence of credit risk in the underlying corporate bonds, interest rate risk, and the fixed maturity date with its associated declining yield risk, make it potentially complex for retail investors. The use of sampling techniques can also introduce tracking error, adding another layer of complexity. ESMA Guidelines state: ESMA often classifies any derivative use as complex. As well the index methodology excludes securities that 1) are involved in any of the following business activities: controversial weapons, small arms, military contracting, oilsands, thermal coal and tobacco.The fixed maturity date and sampling methodologies used to construct the index may also not be easily understood by retail investors."
    }
}