{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "Swaps",
        "classification": "complex",
        "supporting_data": "The Xtrackers S&P Global Infrastructure Swap UCITS ETF uses derivatives, specifically swaps, as a core component of its investment strategy to replicate the performance of the S&P Global Infrastructure index.  The KID explicitly mentions the use of derivatives and counterparty risk.  While it's a UCITS ETF, the reliance on swaps to achieve its investment objective, and not just for efficient portfolio management (EPM), makes understanding the risks (counterparty risk, for example) significantly more challenging for retail investors with basic financial knowledge.  This renders the ETF complex under MiFID II, regardless of its UCITS status or risk profile."
    }
}