{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETC",
        "leverage": false,
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex": "complex",
        "complex_factors": "The ETF aims to replicate the Bloomberg Commodity Tin Subindex 4W Total Return Index by tracking the Bloomberg Tin Sub Excess Return Index, employing futures contracts, leading to the use of swaps and derivative instruments, introducing counterparty risk and potentially contango/backwardation roll costs which increases the complexity for retail investors. The Key Investor Information Document (KIID) states the product is intended for basic retail investors who do not have specific knowledge or experience of investing in similar products and financial markets.",
        "supporting_data": "This WisdomTree Tin ETC, designed to replicate the Bloomberg Commodity Tin Subindex 4W Total Return Index, utilizes futures contracts to achieve its investment objective. This approach means the ETF employs derivative instruments (swaps) to track the index. This use of derivatives introduces complexity by exposing investors to counterparty risk and to costs that may arise from rolling the futures contracts (contango/backwardation effects). The KIID highlights that the product is intended for basic retail investors who do not have specific knowledge or experience of investing in similar products and financial markets. This is a further indication of complexity, as the product's structure is not readily understandable for the average retail investor. The KIID states the product is NOT simple, and may be difficult to understand. These are also strong signals of classification as a 'complex' asset in accordance with MiFID II guidelines. The product is UCITS compliant as per the document provided."
    }
}