{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF uses currency hedging techniques, and invests in a global aggregate bond index, which could present complexity due to roll costs, or a lack of investor understanding of complex fixed income markets. The use of derivatives for risk management introduces counterparty risk.",
        "classification": "complex",
        "supporting_data": "The Vanguard Global Aggregate Bond UCITS ETF uses currency hedging techniques which use derivatives. It tracks the Bloomberg Global Aggregate Float Adjusted and Scaled Index, which contains fixed income investments. Derivatives introduce complexity through counterparty risk and the potential for reduced investor understanding of the risks involved. The KID mentions derivatives are used for reducing risk or cost which makes it hard to classify as non complex. The index itself, due to its composition, can introduce complexity."
    }
}