{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "complex_factors": "Index Technology Score and Index Capping Methodology. Real Estate Assets",
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant and seeks to track the CenterSquare New Economy Real Estate UCITS Index, which measures the performance of global real estate companies exposed to technology, science, or e-commerce. It uses a Technology Score to weight securities, incorporates growth and value metrics, and employs a capping methodology. The fund may use repurchase agreements and stock lending for efficient portfolio management. While UCITS are typically presumed non-complex, the index construction, Technology Score, reweighting formula and capping methodology can be difficult for retail investors to fully understand. Securities lending introduces counterparty risk.",
        "complex": true,
        "non-complex": false,
        "explanation": "While the ETF is UCITS compliant and physically replicates its index, the complexity of the index it tracks, including its 'technology score', 'growth' and 'value metrics', 'capping methodology' means this may be difficult for retail investors with basic knowledge to understand.Securities lending introduces counterparty risk."
    }
}