{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Currency Hedging with Derivatives",
            "Optimising Techniques"
        ],
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant, uses physical replication and invests in US treasury bonds. However, it employs currency hedging using derivatives (FX forwards), and also uses optimising techniques, which may involve financial derivative instruments (FDIs) for direct investment purposes or strategic selection of securities. Even though the replication method is physical, the derivative use for currency hedging introduces complexity. The fund may engage in securities lending which introduces counterparty risk. The KIID mentions that the performance of shares may be affected by currency difference even though it is hedged. The risk indicator is 2/7 but risks include credit risk, liquidity risk and counterparty risk, all of which is hard for retail investors to understand.",
        "complex": true,
        "non_complex": false
    }
}