{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "Emerging Market Debt, Currency Hedging Risk, Lower Rated Securities",
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and invests in USD-denominated emerging markets government debt. It uses a stratified sampling strategy, implying physical replication. Derivatives are used for currency hedging, which is permitted under UCITS. While there are emerging market risks and currency hedging risks these are not in themselves enough to define the asset as 'Complex' as they relate to market performance rather than inherent asset complexity. Therefore, it is not classified as complex."
    }
}