{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "Swaps, Derivative usage, Counterparty risk, Index Complexity",
        "classification": "complex",
        "supporting_data": "The UBS USD Overnight Rate SF UCITS ETF tracks the Solactive SOFR Daily Total Return Index. This fund uses Financial Derivative Instruments (FDIs) with UBS AG, London Branch as the counterparty. The fund swaps the performance of the index with UBS. As such, the fund uses derivative instruments to achieve its objective. The structure introduces counterparty risk. ESMA views any derivative usage as complex, even for EPM due to counterparty risk. The fund's structure and risks are difficult for retail investors with basic knowledge to understand, hence, the complex rating."
    }
}