{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "synthetic",
        "ucits": true,
        "type": "ETC",
        "complex_factors": "The ETC aims to replicate the Bloomberg Commodity Lead Subindex 4W Total Return Index (BCOMLL4T) by tracking the Bloomberg Lead Sub Excess Return Index which implies derivatives",
        "classification": "complex",
        "supporting_data": "The WisdomTree Lead ETC is designed to provide exposure to Lead futures contracts by tracking the Bloomberg Commodity Lead Subindex 4W Total Return Index (BCOMLL4T), but does not track the Bloomberg Lead Sub Excess Return Index, but provides the interest revenue adjusted to reflect fees and costs associated with the product. Price changes in the futures contracts referenced in the Benchmark will not necessarily result in correlated changes in the level of the Benchmark or of the Product. This may be due to a number of factors including the effect of 'rolling' of futures contracts. This implies the use of derivatives to achieve the investment objective, introducing complexity and making it difficult for a basic retail investor to understand the product's structure. The KID states 'You are about to purchase a product that is not simple and may be difficult to understand.' which is the required alert. The use of index replication and futures introduces complexity, making the product complex under MiFID II. According to ESMA, any derivative use can classify an asset as complex."
    }
}