{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Currency Hedging using FDIs",
            "Use of Optimising Techniques (Strategic Selection of Securities)",
            "Securities Lending",
            "Potential Counterparty Risk"
        ],
        "classification": "complex",
        "supporting_data": "This is a UCITS ETF, it uses derivatives (FDIs), including FX forward contracts for currency hedging. Securities lending is employed to generate additional income, this introduces counterparty risk. The fund uses optimizing techniques to achieve a similar return to its index, involving strategic selection of securities. Any use of derivatives, even for Efficient Portfolio Management (EPM), can be flagged as complex by regulators. The use of FX forwards makes it complex. The risk section mentions credit, counterparty and liquidity risk."
    }
}