{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "Swaps",
            "Synthetic Replication"
        ],
        "classification": "complex",
        "supporting_data": "This is a UCITS ETF. The ETF uses unfunded swaps to achieve its objective. It purchases securities not contained in the index, and the index's performance is swapped from the counterparty to the Fund in exchange for the performance of the equities and equity-related securities held by the fund. Derivative instruments are used as an inherent element of the investment strategy ( synthetic replication). The ETF does not pay out income, but reinvests it. This involves counterparty risk, which is difficult for the average investor to grasp as well as the opaqueness of assets that are held by the fund."
    }
}