{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "Swaps",
            "Synthetic Replication",
            "Optimised Index"
        ],
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant, but employs unfunded swaps to achieve its investment objective, using synthetic replication to track the STOXX Europe 600 Optimised Telecommunications Index. The ETF purchases securities not contained in the index and swaps their performance for the index's performance. The index itself uses a sector-dependent liquidity cap and a hybrid market cap and liquidity weighting methodology, adding complexity. The use of swaps and the optimised index methodology increase the complexity of the ETF.",
        "complex": "This ETF is synthetic and uses swaps. It is therefore a Complex asset under MiFID II rules."
    }
}