{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "Emerging Market Bonds",
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and physically replicates a screened Emerging Markets Corporate Bond index. Derivatives are permitted for efficient portfolio management but not integral to the investment objective. While emerging market bonds carry inherent risks such as political and economic instability, this is reflected in the risk rating (4/7) and not indicative of structural complexity under MiFID II."
    }
}