{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": [
            "Swaps",
            "Synthetic Replication",
            "Sector dependent Liquidity Cap"
        ],
        "classification": "complex",
        "supporting_data": "This ETF is UCITS compliant but uses unfunded swaps to achieve its investment objective, and also applies a sector dependent liquidity cap for its composition. The use of swaps for synthetic replication introduces counterparty risk and collateral risk, making it difficult for retail investors to understand the fund's structure and associated risks. Although it targets a basic resources sector index, the swaps and liquidity cap add complexity. Therefore, due to the use of swaps the ETF is considered complex."
    }
}