{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": "The ETF uses derivatives and swaps, and has a more actively managed strategy than a passive index tracker.",
        "classification": "complex",
        "supporting_data": "The ETF is a UCITS ETF but it utilizes an actively managed strategy, which means it is a not simply passively tracking an index. Critically, the fund invests in equity and equity related instruments, such as call options, futures, and swaps. It employs quantitative models for stock selection and sells call options and buys futures on developed market large and mid capitalization indices to generate income. It is complex because it uses derivatives, swaps and structured investment strategies which are more complex to understand, making the asset complex under MIFID II."
    }
}