{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": "Synthetic replication using swaps, with potential counterparty and collateral risk.",
        "classification": "complex",
        "supporting_data": "The Invesco Communications S&P US Select Sector UCITS ETF uses unfunded swaps to achieve its investment objective. This synthetic replication method introduces counterparty risk and collateral risk, which are complex concepts for retail investors to understand, especially since it swaps the performance from a counterparty in exchange for the performance of equities held by the Fund. According to the MiFID II guidelines any use of swaps make it 'complex'. The KID document does not state the use of derivative instruments for managing risk. The risk profile is 6/7 so carries a high risk profile but the use of swaps and synthetic replication make it complex."
    }
}