{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "synthetic",
        "swaps": true,
        "derivatives": true,
        "leverage": false,
        "inverse": false,
        "complex_factors": [
            "Total return swaps used for index replication"
        ],
        "classification": "complex",
        "supporting_data": "The ETF aims to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the Solactive Global Hydrogen v2 Index. It explicitly states that it will achieve this by investing primarily in equity securities and **derivatives**, specifically mentioning **total return 'unfunded' OTC swaps and exchange-traded equity futures for investment purposes**. The use of swaps for replication, as per MiFID II and ESMA guidelines, introduces counterparty and collateral risks that are not easily understood by retail investors, thus classifying it as complex. While the KIID mentions physical replication components, the core replication method involves derivatives."
    }
}