{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "complex_factors": "Derivatives for portfolio optimisation.",
        "classification": "non-complex",
        "supporting_data": "The fund is a UCITS ETF, which typically simplifies the assessment. However, the KIID states that the Fund 'uses optimising techniques...and also the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets).' The key is whether derivatives are 'integral to achieving its investment objective' or used for 'efficient portfolio management (EPM)'. The KIID doesn't state specifically for EPM purposes and limited with minimal impact on risk-return profile. Therefore based on the lack of any further risk factors we determine that the ETF is complex."
    }
}