{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": [
            "FLEX Options",
            "Target Outcome Period",
            "Actively managed derivatives strategy",
            "Upside Cap",
            "Buffer"
        ],
        "classification": "complex",
        "supporting_data": "This UCITS ETF is considered complex due to its active management strategy using FLEX Options to achieve a target outcome with a pre-determined upside cap and buffer over a specified period. The Fund will primarily invest in financial derivative instruments for investment purposes. The returns of the Fund are subject to a cap for the Target Outcome Period. The Fundu2019s Upside Cap is available on the Fundu2019s website. The necessity to understand how the FLEX options work and how the target outcome period affects returns and risk profile as well as embedding derivatives, and the active investment strategy makes it complex for retail investors with basic knowledge to understand."
    }
}