{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Index Tracking Risk",
            "Concentration Risk",
            "Securities Lending"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and aims to track the performance of the S&P U.S. Materials Select Sector Daily Capped 35/20 Index using a replication strategy. Derivatives may be used for efficient portfolio management (EPM), not as an integral part of the investment strategy. Securities lending is permitted up to 40% of the Net Asset Value (NAV). The index is generally well diversified, but the fund may hold positions in individual constituents of the index up to 20% due to UCITS regulations.The fund is classified as risk category 6 as its return has experienced very high rises and falls historically. Risk factors include concentration risk, index tracking risk, and liquidity risk. Ongoing charges are 0.15%. Given that it's UCITS, physically replicated with limited derivatives for EPM, it does not embed derivatives and the investor can easily understand the investment strategy and the key risks it is considered as a non-complex asset. The fund is transparent and easy to understand.",
        "complex": false,
        "non-complex": true
    }
}