{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "Use of financial derivative instruments (that is, financial contracts whose prices are dependent on one or more underlying assets) in order to manage the portfolio efficiently. Concentration risk due to holding positions in individual constituents of the Index issued by the same body of up to 20% and a position of up to 35% of the Fund's net asset value in constituents of the Index issued by the same body due to exceptional market conditions. Securities lending",
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant, suggesting a baseline level of regulation. It uses a replication strategy to track the FTSE EPRA Nareit Developed Europe ex UK Index, primarily investing in listed real estate companies and REITs. While it seeks to hold all securities in the index with approximate weightings (physical replication), it may use financial derivative instruments for efficient portfolio management. The fund's maximum exposure to securities lending as a percentage of its Net Asset Value will not exceed 40%. It also concentrates its investments, which can limit liquidity and increase the impact of issues affecting those investments.  Derivatives for EPM and Securities lending add to complexity. Increased diversification limits lead to concentration risk. REIT investments may be highly concentrated, dependent on cash flow and capital markets, and subject to risks affecting equity markets generally which can be difficult for retail investors to easily understand.",
        "complex": true,
        "non-complex": false
    }
}