{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "Synthetic replication using swaps",
            "Currency hedging adding another layer of complexity"
        ],
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant, but employs a synthetic replication strategy using financial derivative instruments (FDIs) with UBS AG as a counterparty, performance of the Index is swapped from UBS to the Fund, and in return the performance of the securities is swapped from the Fund to UBS. This introduces counterparty risk and reliance on derivatives to achieve the investment objective. The share class is also currency-hedged, which adds an additional layer of complexity.",
        "complex": true,
        "non-complex": false
    }
}