{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF invests up to 10% of its assets in total return swaps and contracts for difference and may also use derivatives for efficient portfolio management and for investment purposes. The underlying index is a subset of a larger index and the KID states the fund is classified in category 6 due to high historical price fluctuations.",
        "classification": "complex",
        "supporting_data": "The HSBC EUROPE SCREENED EQUITY UCITS ETF uses physical replication to track its benchmark. However, it may use derivatives for investment purposes including total return swaps for investment purposes. Also, the underlying index is a subset of a larger index. The fund invests in the shares of companies, but the use of derivatives and structured elements such as swaps automatically triggers a complex classification. The KID states the fund is classified in category 6 due to high historical price fluctuations and also highlights counterparty risk, exchange rate risk, index tracking risk and investment leverage risk which also contribute to the classification of the asset as complex. The fund may engage in securities lending."
    }
}