{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF invests in High Yield Corporate Bonds, which are sub-investment grade and therefore carry greater risk of default. The currency hedging introduces another layer of complexity and potential risk, due to derivative use",
        "classification": "non-complex",
        "supporting_data": "This ETF, iShares $ High Yield Corp Bond UCITS ETF MXN Hedged (Acc), tracks the Markit iBoxx USD Liquid High Yield Capped Index. Although the ETF invests in high-yield corporate bonds (non-investment grade bonds), the primary replication method is not listed, but it is likely physical or optimized replication because synthetic replication would have to be explicitly stated. The use of derivatives is limited to hedging the MXN currency exposure of the share class. Securities lending is a secondary activity within UCITS rules. The main risks are associated with market volatility, credit risk (issuer defaults on the bonds), and currency fluctuations which are understandable for retail investors. It is structured as a UCITS ETF and is therefore classified as non-complex."
    }
}