{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF invests in Euro denominated high-yield corporate bonds. While generally non-complex, the underlying assets (high-yield bonds) carry increased credit risk and market risk, and this contributes to the overall risk profile.",
        "classification": "non-complex",
        "supporting_data": "The ETF tracks the Markit iBoxx Euro Liquid High Yield Index and uses optimizing techniques to achieve a similar return, which may include the strategic selection of certain securities. The primary risks are changes to interest rates, credit risk, and issuer defaults within the fixed income securities. The use of derivatives is allowed but is not inherent to the strategy. The KID states this is a suitable fund for medium to long-term investment which indicates the fund is suitable for a wide range of investors. The fund also uses securities lending, which does not automatically make an ETF complex. The fund's objective is to track a transparent index, has a clear structure and the underlying market risk is standard for bond ETFs. Therefore, the ETF is considered non-complex."
    }
}