{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF tracks the FTSE G7 Government Bond Index, which is a transparent index. The ETF uses FX forward contracts for currency hedging, introducing derivative use.",
        "classification": "non-complex",
        "supporting_data": "The iShares Global Govt Bond UCITS ETF (GBP Hedged) aims to achieve a return that reflects the FTSE Group-of-Seven (G7) Government Bond Index. The fund uses physical replication. The ETF uses Financial Derivative Instruments (FDIs), specifically FX forward contracts, for currency hedging. While this involves derivatives, it is explicitly for managing currency risk and does not inherently make the ETF complex. The ETF is suitable for medium to long term investment. The Key Investor Information document (KIID) does not suggest any complex structure or embedded derivatives that would render it complex. The use of derivatives is for hedging, which can still be considered EPM and would not automatically make an ETF complex. However, there is potential counterparty risk.",
        "risk_profile": "Lower risk"
    }
}