{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "Bonds with varying credit ratings",
            "Emerging markets risk",
            "Currency risk"
        ],
        "supporting_data": "The fund aims to reflect the performance of the FTSE Emerging Markets USD Government and Government-Related Bond Select Index. The index includes both investment-grade and high-yield US Dollar denominated debt issued by governments, regional governments, and government-related entities in emerging market countries. The fund may use derivatives for efficient portfolio management (EPM), risk reduction, and cost improvement, but it is not integral to achieving its investment objective. Securities lending is also engaged in to generate additional income. The risk profile is rated category 5, indicating relatively strong fluctuations and a high likelihood of both losses and gains. While the replication method is physical, the underlying assets (emerging market bonds, including high-yield) introduce credit risk and interest rate risk, and emerging market exposure adds political and economic risk. The mention of 'derivatives risk' in the KID, even if for EPM, suggests a potential for complexity if not managed carefully. However, the core strategy appears to be physical replication of a bond index, which is generally considered less complex than synthetic replication.",
        "classification": "non-complex"
    }
}