{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": "Synthetic replication using swaps. The index is optimized but not fully transparent. Counterparty risk from swaps. ",
        "classification": "complex",
        "supporting_data": "The ETF uses unfunded swaps to achieve its investment objective. This means it synthetically replicates the index performance.  While the index aims for sector leadership and optimized liquidity and country diversification, it involves a hybrid market cap and liquidity weighting methodology, increasing complexity, even if the index's composition is reviewed quarterly.  The use of swaps introduces counterparty risk.  The KID document highlights the use of derivatives, the risk of the index and how the ETFs performance relies on counterparties fulfilling the swap agreements. The use of synthetic replication methods and the associated risks, mean that the ETF falls under the complex classification. The index provider owns the Intellectual Property and the ETF is not sponsored or endorsed by the index provider. There is no mention of a comprehsnsion alert in the KID."
    }
}