{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "The fund invests in below-investment grade corporate debt securities, which can be considered high-risk. The document states currency hedging is applied.",
        "classification": "non-complex",
        "supporting_data": "This UCITS ETF invests in global high-yield corporate bonds. The replication method is physical. The index is the ICE BofA Global High Yield Index, so the objective is clearly to track the index, minus fees and tracking error. The fund employs active management to potentially enhance returns. While the fund uses currency hedging, this is considered EPM. The fund is subject to market risk and credit risk due to the nature of the underlying assets, there's nothing described in this document that would make it complex under MiFID II, and it is considered a non-complex asset as per Article 19(6). However, as it has been actively managed, the risk assessment will need to be looked at under ESMA's guidelines."
    }
}