{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "FLEX Options",
            "Actively managed",
            "Derivatives are integral to achieving investment objective",
            "Outcome Period considerations"
        ],
        "classification": "complex",
        "supporting_data": "This UCITS ETF uses FLEX Options to achieve its investment objective of matching the S&P 500's price returns up to a predetermined upside cap while providing a buffer against the first 15% of index losses. It is actively managed and invests substantially all of its assets in FLEX Options, making derivative use integral. The fund's returns are subject to a cap and buffer, which are adjusted periodically. The KID warns that the fund may not be appropriate for short-term investors and that investors may lose some or all of their money. Due to the use of derivatives, active management, and structured outcome objective, this fund is considered complex. Investors need to understand FLEX Options and how the cap and buffer affect returns."
    }
}