{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "Derivatives usage",
            "Hedged currency exposure",
            "Index Complexity"
        ],
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant and passively managed, tracking the MSCI USA Quality Advanced Target Select 100% Hedged to GBP Index. While it aims for direct replication, it may utilize derivatives, potentially including swaps, for efficiencies and when direct investment isn't feasible. Currency fluctuations are hedged using forward contracts. The fund invests at least 90% of its assets in index constituents. Though ESG factors are considered and carbon intensity is lower than the parent index, the use of derivatives, hedging strategy, and index complexity drive a MiFID II complex classification due to potential counterparty and collateral risks, making it harder for retail investors to easily understand."
    }
}