{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": "Synthetic replication with Swaps, index focusing on MLP and related volatility",
        "classification": "complex",
        "supporting_data": "The Invesco Morningstar US Energy Infrastructure MLP UCITS ETF uses unfunded swaps to replicate the Morningstar MLP Composite Index. The index tracks MLPs, which are subject to market volatility. Furthermore, the synthetic replication using swaps introduces counterparty risk, making the ETF complex. Referencing ESMA guidelines on derivative usage and complexity, and the use of swaps for index tracking. The KID includes a comprehension alert and the risks are not easily understood by retail investors. The underlying index also is complex."
    }
}