{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": "Synthetic replication via swaps, introducing counterparty risk and opacity.",
        "classification": "complex",
        "supporting_data": "The ETF uses unfunded swaps to replicate the STOXX Europe 600 Optimised Travel & Leisure Index. This synthetic replication method means the ETF does not hold the underlying securities directly, introducing counterparty risk and collateral risk. The complexity of understanding swaps and associated risks like counterparty default and collateral management makes this ETF difficult for retail investors with basic knowledge to understand. The KID states a high risk profile of 7/7, but this is due to the market volatility. As a result, the comprehension alert is mandatory."
    }
}