{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "The ETF invests in EUR Corporate Bonds. While the index is transparent the use of derivatives in the fund to reduce risk or cost and/or generate extra income or growth, may add complexity.",
        "classification": "non-complex",
        "supporting_data": "This UCITS ETF, based on the provided KID information, primarily aims to track the performance of the Bloomberg Euro-Aggregate: Corporates Index through physical acquisition of securities. It uses derivatives for risk reduction, cost management, or income generation, which is permissible within the MiFID II framework if these are not central to the strategy and do not significantly alter the risk profile. The ETF's investment objective and index are straightforward, and the fund's structure, including its physical replication method, supports its non-complex classification. The KID mentions that income is reinvested and there are portfolio transaction costs, which are typical and do not make the product complex. Also there is a risk profile of 4/7 which indicates market volatility which is a standard risk in bond funds and does not make the ETF complex"
    }
}