{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "ESG investment grade bonds"
        ],
        "classification": "non-complex",
        "supporting_data": "The L&G GBP Corporate Bond Screened UCITS ETF tracks the J.P. Morgan Global Credit Index (GCI) ESG Investment Grade GBP Custom Maturity Index. The replication method is primarily physical, investing in a representative sample of bonds. The ETF aims to provide exposure to investment-grade corporate bonds, meeting ESG criteria and excluding issuers from specific industries. The KID document indicates a risk rating of 4, which reflects market volatility rather than structural complexity. The fund's structure, objective, and risks are straightforward and easily understood by retail investors. The ETF does not use derivatives for other than EPM purposes, and the fund does not employ leverage. The index the fund tracks is well-documented and transparent, supporting a non-complex classification. This ETF does not embed any derivative within its structure. ESMA guidelines state any derivative use is complex, but the the key here is that the derivatives are not intrinsic to the investment objective."
    }
}