{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "Swaps",
            "Synthetic Replication",
            "Counterparty Risk"
        ],
        "classification": "complex",
        "supporting_data": "This ETF is UCITS compliant but employs a synthetic replication strategy using unfunded swaps to track the MSCI Saudi Arabia 20/35 Index. The use of swaps introduces counterparty risk, as the fund's performance relies on the swap counterparty fulfilling its obligations. The ETF purchases securities not contained in the index, swapping their performance for the index's performance. This structure differs from physical replication, where the ETF directly holds the index's constituents. These factors indicate that the structure and risks may be difficult for a retail investor to fully understand without advanced financial knowledge."
    }
}