{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "Inflation Linked Bonds",
            "Currency Hedging with Forwards",
            "OTC derivatives",
            "Counterparty Risk",
            "Bloomberg US Government 10+ Year Inflation-Linked Bondu2122 hedged to GBP Index (Total Return) which is beyond the easy understanding of a retail investor"
        ],
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant but uses derivatives, including currency forwards for hedging, which introduces counterparty risk. The fund uses a synthetic replication method, which relies on derivatives to achieve its investment objective, making it harder for retail investors to understand the fund's structure and risks. The fund invests in Bloomberg US Government 10+ Year Inflation-Linked Bondu2122 hedged to GBP Index (Total Return) which is beyond the easy understanding of a retail investor. Although there is no securities lending in place, the potential counterparty risk associated with the OTC derivatives and the complexity of inflation-linked bonds make it more difficult for the average investor to fully understand. Therefore, the classification is complex.",
        "complex": true,
        "non-complex": false
    }
}