{
    "success": true,
    "data": {
        "type": "ETF",
        "ucits": true,
        "replication_method": "synthetic",
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "Use of OTC swap contract for replication",
            "Counterparty risk mentioned"
        ],
        "classification": "complex",
        "supporting_data": "The ETF uses indirect replication via an over-the-counter swap contract. This is a key indicator of complexity under MiFID II, as it introduces counterparty risk and requires a deeper understanding of financial derivative instruments. The KIID explicitly mentions 'Counterparty risk' and 'Risk of Financial derivative Instruments' as risks, reinforcing the complex nature of the product. While UCITS ETFs are generally presumed non-complex, the use of synthetic replication through swaps moves this ETF into the complex category."
    }
}