{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The iShares u20ac Corp Bond 1-5yr UCITS ETF GBP Hedged (Dist) Share Class is a UCITS compliant ETF. The KIID states that the fund aims to replicate the Bloomberg Barclays Euro Corporate 1-5 Year Bond Index. The fund uses optimization techniques to achieve a similar return. It uses FDIs (Financial Derivative Instruments) for direct investment and currency hedging purposes but these are not central to the strategy. The replication method is not synthetic, it is using physical replication, which is explicitly non-complex. The index is transparent, investment grade FI securities with maturities of 1-5 years. Securities lending is used to generate income. It is not leveraged and there are no elements of Contango or backwardation that implies a complex structure. It is non-complex according to MiFID II. The fund's structure and risks (market volatility, and currency risk) are easily understood. There is no evidence of any complex instruments or derivatives being used in a way that would make the ETF complex."
    }
}