{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Derivative Use for Risk Reduction or Cost Management",
            "Potential Counterparty Risk",
            "Index Complexity (Gender Diversity Score)"
        ],
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant and uses physical replication to track the Solactive Equileap Global Gender Equality 100 Leaders Net Total Return Index.  The ETF may use derivative instruments for reducing risk or reducing costs or generating additional capital or income. This potential use of derivatives, even for risk management, can be flagged as complex under MiFID II, especially if it introduces counterparty risk. While the index itself aims to be transparent, the gender diversity score methodology might not be easily understood by all retail investors, potentially adding another layer of complexity. Finally a high risk reward profile of 6/7 suggests a complex structure."
    }
}