{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "Synthetic replication using swaps; Currency hedging; Index based on US large-cap market.",
        "classification": "complex",
        "supporting_data": "The Invesco S&P 500 UCITS ETF uses unfunded swaps (derivatives) to achieve its objective, which is a central element of its investment strategy.  The ETF also utilizes currency hedging through the use of FX forward contracts.  As per the document provided and in accordance with MiFID II, using swaps in this way drives the classification of the ETF as complex. Additionally, the KID document states that the ETF measures the performance of the large-cap sector (i.e. leading companies with large market capitalisations) of the United States market.  The ESMA Guidelines on complex debt instruments and structured deposits dated 4 February 2016 is relevant when determining a assets' MiFID II classification. The fund's structure and the use of derivatives, as well as the currency hedging, make it difficult for a retail investor with basic knowledge to understand the risks involved."
    }
}