{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Convertible Bonds",
            "Non-Investment Grade Securities",
            "Emerging Market Securities",
            "Use of Derivatives for Efficient Portfolio Management",
            "Currency Hedging"
        ],
        "classification": "complex",
        "supporting_data": "The ETF invests in global convertible bonds, including mandatory and perpetual convertible bonds, which are explicitly identified as complex instruments under MiFID II. It also invests in non-investment grade securities which are riskier debt securities. The ETF may use financial derivative instruments to manage the portfolio efficiently (e.g., currency hedging) adding another layer of complexity due to counterparty risk. Furthermore, the ETF invests in emerging markets and may involve risks, and it may use a stratified sampling strategy, and lend securities. This all leads to a classification of Complex.",
        "complex": true
    }
}