{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF uses physical replication for its global aggregate bond index, which is transparent and non-complex, uses hedging techniques to minimise currency risk. The KID indicates derivatives may be used for risk/cost reduction and/or to generate additional income, but with minimal impact, while the fund is rated 4/7 on the risk scale due to market risks, not structural ones.",
        "classification": "non-complex",
        "supporting_data": "Based on the provided Key Investor Information Document (KIID) and ESMA guidelines, this UCITS ETF is classified as non-complex. The fund's primary investment strategy, which involves tracking the Bloomberg Global Aggregate Float Adjusted and Scaled Index through physical acquisition of securities is straightforward and easily understood by retail investors. Although the KIID mentions the potential use of derivatives, this is limited to risk or cost reduction, or extra income/growth generation and does not involve swaps. The replication method employed and the index tracked support a non-complex classification."
    }
}