{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": true,
        "replication_method": "synthetic",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "Swaps",
            "Short Index Risk",
            "Credit Risk",
            "Counterparty Risk"
        ],
        "classification": "complex",
        "supporting_data": "The Xtrackers II iTraxx Crossover Short Daily Swap UCITS ETF uses derivatives, specifically swaps, which are integral to its investment objective of replicating the Markit iTraxxu00ae Crossover 5-year Short TOTAL RETURN Index.  This synthetic replication method introduces counterparty risk and makes the ETF's structure and risks difficult for retail investors with basic knowledge to understand. The ETF also has a short index risk that invests in non-investment grade bonds, increasing the credit risk profile. The combination of these factors makes this ETF complex under MiFID II."
    }
}