{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": [
            "FLEX Options",
            "Actively managed strategy",
            "Buffer",
            "Upside Cap"
        ],
        "classification": "complex",
        "supporting_data": "This ETF uses FLEX Options, which are customized derivatives, to achieve its investment objective of matching the S&P 500 Index returns up to a predetermined upside cap while providing a buffer against the first 15% of losses over a Target Outcome Period. The returns are subject to an upside cap for each Target Outcome Period, meaning gains above this cap won't be experienced by investors.  Investors may experience results that are very different from the target outcomes sought by the Fund. Derivatives are integral to the investment strategy rather than being used for EPM. Because FLEX options are integral to the investment strategy and introduces a complexity that the average retail investor will have difficulty understanding this ETF will be classified as a complex asset under MiFID II."
    }
}