{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": [
            "FLEX Options",
            "Active Management",
            "Upside Cap",
            "Buffer",
            "Target Outcome Period"
        ],
        "classification": "complex",
        "supporting_data": "The ETF utilizes FLEX Options to track the S&P 500 Index, with a predetermined upside cap and a buffer against the first 10% of losses over a one-year Target Outcome Period. The fund is actively managed. The Upside Cap changes for each Target Outcome Period. This reliance on derivatives and active management, coupled with the complexities of understanding FLEX Options and Target Outcome Periods, make it difficult for a retail investor with basic knowledge to understand the fund's structure and risks."
    }
}