{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": [
            "Commodity Futures",
            "Swap agreements",
            "Roll return",
            "Counterparty Risk"
        ],
        "classification": "complex",
        "supporting_data": "The L&G Multi-Strategy Enhanced Commodities UCITS ETF aims to track the Barclays Backwardation Tilt Multi-Strategy Capped Total Return Index and uses total return swap agreements to achieve its objective, effectively replicating the index's performance without holding the underlying commodity futures contracts. This introduces counterparty risk, which is a key determinant of a complex asset. Further complexity arises from the index construction, which considers the 'roll' return associated with commodity futures contracts, especially as the ETF addresses exposure to future contracts approaching expiration which is not easily understood by a retail client.",
        "derivates": false
    }
}