{
    "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": "The ETF is UCITS compliant, indicating a regulated structure with investor protection measures. It aims to track the Bloomberg Global Aggregate Treasuries Index, focusing on fixed-rate, local currency, investment-grade government bonds. The fund uses optimizing techniques, which may include financial derivative instruments (FDIs) for direct investment purposes. However, the use of derivatives doesn't automatically make the ETF complex. Derivatives would be used for direct investment purposes with investment into fixed income securities.  Additionally, the KID states 'This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index.' meaning the expected client is a standard client seeking normal market exposure, The ETF also engages in securities lending to generate income, which introduces counterparty risk but is a common practice within UCITS regulations and does not automatically make the ETF complex. Overall, the structure and risks are considered straightforward for a retail investor with basic knowledge as physical replication tracks transparent indexes. Furthermore the ETF doesn't have any embedded derivates or capital protection schemes which can make the instrument hard to understand.",
        "complex": false,
        "non-complex": true,
        "derivates": false
    }
}