{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "complex_factors": [
            "Contingent convertible debt securities",
            "Currency hedging may not be successful"
        ],
        "classification": "complex",
        "supporting_data": "This is a UCITS ETF that aims to achieve a long-term return in excess of the Bloomberg Euro Corporate Index by actively investing in investment grade Euro denominated corporate debt securities. The Sub-Fund may use financial derivative instruments for efficient portfolio management purposes and includes ESG analysis. However, the presence of Contingent convertible debt securities indicates complexity due to the potential impact of trigger events, which can adversely affect the security's value. In addition, the hedging of GBP introduces further complexity. Although securities lending is not explicitly mentioned, the possibility of it cannot be ruled out. The documentation mentions that the currency hedging used to minimize the effect of currency fluctuations may not always be successful. This can lead to losses for the client and a lack of client understanding."
    }
}