{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The iShares $ Ultrashort Bond UCITS ETF (Acc) is a UCITS compliant ETF. The fund aims to track the Markit iBoxx USD Liquid Investment Grade Ultrashort Index which invests in US Dollar denominated investment grade ultrashort FI securities. The fund uses optimizing techniques. The fund engages in securities lending to generate income, with 62.5% of the revenue generated going to the fund. The fund uses physical replication, and the replication of the index is not complex. The fund is not leveraged. The risk profile is low. ESMA guidelines state that if an ETF uses derivatives for anything other than EPM then it becomes a complex asset, but the product is not using derivatives in this way. The fund tracks a transparent index. ESMA does not consider securities lending as a complexity factor if properly managed. Because the ETF uses physical replication to track a transparent index, it is not complex under MiFID II."
    }
}