{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "The ETF tracks the FTSE MIB Banks 15% Capped Net Tax Index. The KID document states the ETF may be terminated and has a high-risk indicator of 6/7.",
        "classification": "complex",
        "supporting_data": "The WisdomTree FTSE MIB Banks ETF is classified as complex. The KID document states the product is not simple and may be difficult to understand. The product offers a total return exposure to the FTSE MIB Banks 15% Capped Net Tax Index, which is a factor that contributes to the complexity as investors need to understand this benchmark. Although not explicitly mentioned, a bank index can often involve complex methodologies. It is considered complex due to the complexity of the index itself and the high-risk rating (6/7), indicating potential for significant losses. The statement in the KID 'You are about to purchase a product that is not simple and may be difficult to understand' is a strong indication of complexity. The ESMA guidelines also highlight the importance of assessing if a product has an understanding of risk and the lack of understanding of a more complex product also denotes complexity."
    }
}