{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": [
            "Currency hedging using forward contracts",
            "Use of derivatives for proportionate exposure to index components"
        ],
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant, which initially suggests non-complexity. However, the fund uses currency forwards for hedging, and takes proportionate exposure on components of Bloomberg MSCI US Liquid Corporates Sustainable Index using stratified approach (stratified sampling strategy) by investing in a representative sample of the components of the index selected by the portfolio manager using a 'portfolio optimisation' technique, it may also use derivatives. Additionally, the use of 'portfolio optimisation' and 'stratified sampling strategy' for index tracking, instead of full physical replication, adds to the complexity. Securities lending is not permitted. The KIID indicates a risk rating of 5/7 reflecting market volatility. The use of derivatives moves it from non-complex to complex."
    }
}