{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "High Yield Debt Securities",
            "Securities Lending"
        ],
        "classification": "complex",
        "supporting_data": "The SPDR Bloomberg Euro High Yield Bond UCITS ETF is UCITS compliant and uses physical replication to track the Bloomberg Liquidity Screened Euro High Yield Bond Index. It invests primarily in high yield debt securities issued in the Eurobond market. The ETF may use financial derivative instruments for efficient portfolio management. Securities lending is employed, with a maximum exposure of 70% of the Net Asset Value. The ETF is categorized as risk category 4, indicating medium rises and falls historically. Although the index is relatively transparent, the inclusion of high yield bonds introduces complexity due to the greater risk of default, illiquidity and volatility associated with lower-quality debt securities. These factors collectively lead to a classification as a complex asset under MiFID II despite its UCITS structure and physical replication."
    }
}