{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": "The ETF uses FLEX Options which are derivative instruments to provide a buffer against losses and a capped upside potential. The Fund will primarily invest in financial derivative instruments for investment purposes which are more complex for a retail investor",
        "classification": "complex",
        "supporting_data": "The UCITS ETF seeks to track the Nasdaq-100 Index with a moderate buffer using Flexible Exchange Options (FLEX Options), which are derivative instruments. It aims to provide a buffer against the first 15% of index losses and offer a capped upside return over an approximate one-year Target Outcome Period.  This ETF differs from standard ETFs which either physically or synthetically replicate an index return. The returns are subject to a cap for the Target Outcome Period. The ETF resets by investing in a new set of FLEX Options at the start of each new Target Outcome Period. After the Index has decreased in price by more than 15%, the Fund will experience subsequent losses on a one-to-one basis (i.e., if the Index loses 20%, the Fund loses 5%). This strategy introduces complexities related to understanding the derivatives involved, the capped returns, and the target outcome period, making it more difficult for a retail investor to fully grasp the risks and potential payoffs compared to a standard index-tracking ETF. It relies on financial derivative instruments for investment purposes."
    }
}