{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "Derivatives used to track index",
            "Counterparty risk due to OTC derivatives"
        ],
        "classification": "complex",
        "supporting_data": "This is a UCITS ETF that uses derivatives to gain exposure to the MSCI EMU Value Index. The fund utilizes derivatives, which introduces risks such as counterparty risk. The use of OTC derivatives engenders counterparty risk, mitigated by UBS (Lux) Fund Solutions collateral policy. While the ETF is UCITS compliant, the synthetic replication method and potential counterparty risk make it complex under MiFID II."
    }
}