{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "Chinese Bonds and Currency Fluctuations",
        "classification": "non-complex",
        "supporting_data": "The fund is a UCITS ETF that aims to track the Bloomberg China Treasury + Policy Bank + Liquid IG Credit Issuers Index. It uses a passively managed (index-tracking) strategy, investing in CNY-denominated fixed-rate bonds. Currency exposure is typically not hedged. The ETF may use financial derivative instruments for efficient portfolio management purposes only. It uses physical replication by investing directly in bonds of the index. The ETF is concentrated geographically in China, and investments in onshore debt securities issued within the PRC through Bond Connect are subject to regulatory change and operational constraints, which may result in increased counterparty risk, but is still deemed non-complex. Although it does use financial derivative instruments for efficient portfolio management purposes, derivatives use is not an inherent element of the strategy and the aim of the ETF is to replicate the Index by investing in Index Securities and issues comprising the Index.",
        "complex": false,
        "non-complex": true,
        "rationale": "This ETF uses physical replication to track the index, derivatives are used only for efficient portfolio management and are not an integral part of the investment strategy. Although it invests in Chinese bonds, it is not deemed to be complex. "
    }
}