{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": "Synthetic replication through the use of swaps, the use of derivatives for direct investment purposes, currency hedging using FDIs (FX forward contracts), and the potential for counterparty risk. The index tracks US Dollar-denominated FI securities issued globally by corporate and government-related issuers that pay income according toa floating rate of interest.The use of FDIs for currency hedging is considered, as the hedging strategy may not completely eliminate currency risk.",
        "classification": "complex",
        "supporting_data": "This ETF utilizes derivatives, specifically financial derivative instruments (FDIs), including FX forward contracts for currency hedging and swaps to replicate the index, making its structure complex. The use of derivatives for direct investment purposes, along with the hedging strategy, introduces risks that are not easily understood by retail investors. The reliance on derivatives to achieve investment objectives places this ETF firmly in the complex category. Securities lending is a secondary feature. As stated in the ESMA guidelines this asset will be seen as complex due to derivative usage. As per the document provided, the fund uses optimizing techniques which may include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). FDIs may be used for direct investment purposes. Your shares will be u201chedgedu201d with the aim of reducing the effect of exchange rate fluctuations between their denominated currency and the Fundu2019s underlying portfolio currencies. FDIs, including FX forward contracts, will be used for currency hedging purposes. The hedging strategy may not completely eliminate currency risk and, therefore, may affect the performance of your shares."
    }
}