{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Use of Financial Derivative Instruments (FDIs)",
            "Thematic scores of the index"
        ],
        "classification": "complex",
        "supporting_data": "This UCITS ETF primarily uses physical replication to track the Foxberry Tematica Research Cybersecurity & Data Privacy USD Net Total Return Index. While it is UCITS compliant, derivatives are used for investment purposes, specifically, financial derivative instruments (FDIs) linked to the index companies. The index also incorporates thematic scores, adding a layer of complexity. This reliance on derivatives and thematic scoring leads to a MiFID II 'complex' classification due to potential difficulties for retail investors in understanding counterparty and collateral risks associated with derivatives and the opaque methodology of determining thematic scores within the index. ESMA guidelines often classify any derivative use as complex.",
        "complex": true
    }
}