{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Active Management"
        ],
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant. The fund seeks to provide income while maintaining low volatility of principal, investing primarily in investment-grade, GBP-denominated, short-term fixed, variable, and floating rate debt securities. It is actively managed and may use financial derivative instruments for efficient portfolio management. It does not seek to track the performance of a benchmark.  While the fund is UCITS compliant and invests in debt securities, the active management and the use of derivatives for efficient portfolio management (EPM), while seemingly limited, contributes to complexity under ESMA guidelines, even with low impact on risk. Actively Managed debt instruments are difficult for retail investors to assess against their benchmarks. Given these factors, especially the ESG aspects, a client would require a greater depth of understanding to assess the risks involved."
    }
}