{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "This UCITS ETF, iShares $ Corp Bond UCITS ETF USD (Dist), is classified as non-complex. It aims to achieve a return reflecting the US Dollar denominated investment grade corporate bond market by tracking the Markit iBoxx USD Liquid Investment Grade Index. The fund uses physical replication, investing in the fixed income (FI) securities (such as bonds) that make up the Index. Derivatives are used for EPM only. The KID document indicates that the ETF is suitable for medium to long term investment, the fund has a credit rating of 5/7 showing it is exposed to credit risk. It is compliant with the ESMA guidelines on appropriate assessment as a non-complex asset. The document does not indicate any use of leverage or derivatives that would trigger a complex classification under MiFID II. The replication is based on the holding of the index. The product meets the criteria of not embedding derivatives, making it straightforward for an investor to understand the risks, classifying the product as non-complex. Under Article 25 (3) of MiFID II, the fund is non-complex."
    }
}