{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "Swaps",
            "Commodity Exposure",
            "Dynamic Roll Indices",
            "Rebalancing",
            "Counterparty Risk",
            "Roll Return Risk"
        ],
        "classification": "complex",
        "supporting_data": "This UCITS ETF seeks to track a commodity index using swaps. The index components are based on S&P GSCI Dynamic Roll Indices, which involve understanding contango and backwardation effects. The fund uses swaps to gain exposure to the index components, introducing counterparty risk. The index is rebalanced quarterly, and the weights are determined by long-term supply and demand characteristics, which can be difficult for retail investors to understand. The use of dynamic roll indices, which aims to mitigate roll yield losses in commodity futures, also increases complexity. Because of this complex usage the instrument is complex, since the average retail client may not easily understand the instrument. The fund has commodity risks due to price volatility in commodity markets that can be riskier and more complex than other investments."
    }
}