{
    "success": true,
    "data": {
        "leverage": true,
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "Swaps",
            "Contracts for Difference",
            "Investment Leverage"
        ],
        "classification": "complex",
        "supporting_data": "Although this is a UCITS ETF, which creates a presumption of non-complexity, this is overridden by several key factors identified in the KIID. The fund's investment policy explicitly states it may use derivatives not only for efficient portfolio management but also for 'investment purposes'. Specifically, it 'may invest up to 10% of its assets in total return swaps and contracts for difference'. The use of swaps is a definitive trigger for a 'complex' classification under the provided MiFID II rules. Furthermore, the KIID highlights 'Investment Leverage Risk', stating that leverage can occur when derivatives are used, which introduces a level of risk and structural complexity that is difficult for a typical retail investor to understand. The combination of an active multi-factor strategy with the potential use of swaps and CFDs for investment gains makes the fund structurally complex, mandating a 'complex' classification."
    }
}