{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The fund invests primarily in other collective investment schemes, potentially increasing complexity. It uses derivatives for risk reduction or growth, potentially for non-EPM purposes. The high level of risk requires comprehension from the investor.",
        "classification": "non-complex",
        "supporting_data": "This Vanguard LifeStrategy ETF seeks a combination of income and capital appreciation by investing in fixed income and equity securities primarily through other collective investment schemes. It invests 20% in equity securities and 80% in fixed income securities. The ETF will seek to hedge the non-EUR currency exposure within the fixed income allocation of the Fund's portfolio to EUR, by investing in EUR hedged share classes of the Target Funds. The KID indicates the fund may use derivatives, but not what they are used for or how they are used. It also notes the Fund's risk profile is 4/7. The fund structure itself does not use leverage but may use derivatives to reduce risk or generate extra income or growth. The index is not mentioned. The investment horizon is at least 3 years. The fund is UCITS compliant. The fund is actively managed. The KID states the fund has a risk rating of 4. The fund may use derivatives to reduce risk or cost and/or generate extra income or growth, which if used for efficient portfolio management (EPM) could result in the ETF being non complex. The index the fund tracks is unknown.",
        "final_assessment": "Non-Complex"
    }
}