{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "Listed Private Equity Companies"
        ],
        "classification": "complex",
        "supporting_data": "The iShares Listed Private Equity UCITS ETF tracks the S&P Listed Private Equity Index which measures the performance of large, liquid, and listed private equity companies from developed markets. The fund uses financial derivative instruments for direct investment purposes, which leads to a complex classification. The prospectus also mentions that the fund may engage in securities lending to generate additional income to offset the costs of the Fund. Based on the information provided, this ETF invests in an index of listed private equity companies. According to the ESMA guidelines, funds that use derivatives for any purpose other than EPM are considered to be complex. The use of derivatives for direct investment and the fact that the underlying index contains a number of complex underlying securities makes this fund a complex asset. Based on the ESMA guidelines, the use of derivatives for purposes other than efficient portfolio management makes this fund a complex asset."
    }
}