{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": "Derivative use for replication, counterparty risk",
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant but employs a stratified sampling approach and may use derivatives to achieve proportionate exposure to the Bloomberg Euro Area Liquid Corporatesu2122 1-5 Year Index (Total Return). This introduces counterparty risk and potential collateral risk. Although the derivatives might be for replication, this can make it difficult for retail investors to understand. It tracks a bond index, and investments in fixed income securities generally involve credit risk. The KID indicates a risk level of 3/7, reflecting low volatility. Overall, the reliance on derivative instruments for replication renders the ETF as complex."
    }
}