{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETC",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "Exposure to gold price fluctuations, counterparty risk",
        "classification": "non-complex",
        "supporting_data": "The Invesco Physical Gold ETC aims to provide the performance of the spot gold price through certificates collateralised with gold bullion. The ETC is physically backed, meaning the certificates are collateralized with physical gold. The KIID shows a risk rating of 4 out of 7, indicating medium market risk, but this is due to the volatility of gold prices, not structural complexity.  While counterparty risk exists with JPMorgan Chase Bank, N.A., the physical backing mitigates some complexity normally associated with derivatives, as the value is directly tied to physical assets and it is an ETC not an ETF.",
        "complex": false
    }
}