{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Derivatives for efficient portfolio management purposes",
            "Contingent Convertible Bonds (CoCos)"
        ],
        "classification": "complex",
        "supporting_data": "The ETF invests in investment-grade USD-denominated fixed income securities and may use derivatives for efficient portfolio management. It will also hold up to 10% of its net assets in contingent capital securities (CoCos), thus introducing credit risk and potential losses. The fund is classified as category 4, indicating medium market risk, and exchange rate risks, derivatives risks and counterparty risk may apply. The combination of derivatives (even if for EPM), and potential CoCo holdings leads to complexity, especially for retail investors with basic knowledge as CoCo bonds are complex instruments."
    }
}