{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "Derivatives for risk management, Sector Concentration Risk, Index Complexity",
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant and uses physical replication. However, it invests in a specific sector (wind energy) which presents sector concentration risk, and it may use derivative instruments for the purposes of managing risk, reducing costs or generating additional capital or income. The index tracks a specific area of wind energy sector is a sub-category of new energy innovation which introduces index complexity. The assets of the ETF will change to mirror any change in the underlying indices. The fact that the ETF may use derivatives, even for risk management purposes, can be considered a complexity factor by regulators under MiFID II, as it introduces an element of counterparty risk that may not be easily understood by retail investors.",
        "complex": true,
        "non-complex": false
    }
}