{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "The ETF tracks an ESG-focused bond index (iBoxx MSCI ESG USD FRN Investment Grade Corporates TCA Index) which may be complex for retail investors to understand. There is potential for derivative use for EPM, although it is limited.  The fund can enter into securities lending operations.  The fund may hold bonds, money market instruments. The fund is not leveraged and not exposed to any swaps.",
        "classification": "non-complex",
        "supporting_data": "The ETF is a UCITS fund aiming to track the performance of a bond index. It uses direct replication, primarily holding the index constituents. Derivatives are permitted for EPM, which is considered non-complex, though regulators may disagree. The fund integrates sustainability risks. The objective and structure seem straightforward. The fund may engage in securities lending, but it is a secondary feature within UCITS rules. The KID provides transparency about the ETF, supporting its non-complex classification. The fact that the fund holds bonds and money market instruments is not automatically an issue."
    }
}