{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "This iShares Core Global Aggregate Bond UCITS ETF (Acc) is a UCITS compliant ETF. Based on the provided KID data, it aims to track the Bloomberg Barclays Global Aggregate Bond Index. The ETF utilizes physical replication, investing in fixed income securities (bonds) that make up the index. Derivatives are used, including FX forward contracts, for currency hedging purposes. This use of derivatives is for risk management rather than as an inherent element of the investment strategy. The ETF's structure and risks are straightforward (market volatility, tracking error), and it is suitable for medium to long-term investments. The KID states the shares are denominated in Euro and are hedged with the aim of reducing the effect of exchange rate fluctuations. This approach aligns with a non-complex classification under MiFID II. The ETF is designed to target the performance of a diversified bond index and has a low ongoing charge of 0.10%. The fund's risk profile is considered moderate, with a risk rating of 3 on the KID scale. Since the fund uses physical replication, does not use leverage, and its hedging strategy mitigates FX risk, it is considered a non-complex instrument."
    }
}