{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": "Synthetic replication (using derivatives like swaps) is used to replicate the index, introducing counterparty and collateral risks that are difficult for retail investors to understand. Currency hedging using forward contracts also introduces derivative usage.",
        "classification": "complex",
        "supporting_data": "This ETF uses synthetic replication through a sampling strategy and currency hedging with foreign currency forwards. The fund's objective to track the MSCI USA Select Factor Mix Index is achieved, in part, through the use of derivatives, such as swaps, to achieve the index's return. The risk profile is high. Due to the central role of derivatives in achieving the investment objective and the potential for counterparty risk, this ETF is classified as complex under MiFID II. The KID states the Fund may use derivatives which can reduce investor risks or give rise to market risks as well as potential loss due to failure of counterparty."
    }
}