{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF uses derivatives in the form of currency hedging techniques and ESG criteria which is screened for by Bloomberg, the Index excludes issuers that engage in activities in, and/or derive revenue from, certain business segments, and the index provider may carry out additional ad hoc rebalances to the Index.",
        "classification": "non-complex",
        "supporting_data": "The Vanguard ESG Global Corporate Bond EUR Hedged Distributing UCITS ETF uses physical replication of its index, and any use of derivatives is for risk reduction or extra growth generation, and does not use derivatives to achieve its objective. The ETF is not leveraged. The index itself is somewhat complex as it uses ESG criteria which may not be readily understood by retail investors, though it is a widely known index. The structure of the ETF is however straightforward. It is rated 4/7 on the KID risk scale; risk alone does not make it complex. The fund uses currency hedging which adds a layer of complexity, so the fund may be considered complex, but the ETF is not using derivatives integral to achieving its investment objective."
    }
}