{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETC",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": "The ETF aims to replicate the Bloomberg Commodity Coffee Subindex 4W Total Return Index (BCOMKC4T) which requires the use of futures contracts and roll costs making it complex.",
        "classification": "complex",
        "supporting_data": "This WisdomTree Coffee ETC tracks the Bloomberg Commodity Coffee Subindex 4W Total Return Index using Coffee futures contracts. While the KID states that it is designed for basic retail investors with some knowledge or experience, the underlying index uses Futures contracts which introduces complexity due to the mechanics of rolling futures contracts and the potential for contango or backwardation which are not easy for retail investors to understand. It explicitly states 'You are about to purchase a product that is not simple and may be difficult to understand' in the KID. The ESMA guidelines would likely classify this as complex, as would the fact it uses futures and is tied to a commodity index which is more volatile and hard to value in a simple manner by retail investors."
    }
}