{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "Stratified sampling strategy and portfolio optimization technique",
            "Use of currency forwards for hedging, potentially introducing counterparty and collateral risk",
            "Investment in a representative sample of index components",
            "Proportionate exposure achieved through a combination of direct investment and derivatives",
            "Potential investment in securities not in the index, based on portfolio manager judgment"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF tracks the J.P. Morgan USD EM IG ESG Diversified Bond Index (Total Return) using a stratified sampling strategy, which by itself, isn't inherently complex.  The fund is passively managed.  A key aspect is that while it mentions the use of derivatives for hedging and achieving proportionate exposure, it doesn't describe the derivatives as integral to the investment objective or strategy; rather, they are described as potentially supplemental to direct investments. The ETF is structured around a passively managed replication of a bond index, a fairly common and straightforward investment strategy for an ETF.  This ETF is categorized under the risk profile of 4/7 on a scale of 1-7.   While emerging market bonds present some credit risk and market liquidity concerns, the fundu2019s composition and diversification efforts should mitigate the risk of complexity for a retail investor."
    }
}