{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "Use of derivatives",
            "OTC derivatives",
            "Counterparty risk",
            "Rebalancing costs",
            "Derivative trading costs"
        ],
        "classification": "complex",
        "supporting_data": "The ETF uses derivatives, potentially total return swaps, to gain exposure to the MSCI United Kingdom Index. This introduces counterparty risk, which is mitigated by UBS (Lux) Fund Solutions' collateral policy. The ETF's exposure can be affected by rebalancing costs and derivative trading costs, indicating a more complex structure compared to physical replication. Securities lending transactions are also permitted, which can further introduce counterparty risk. Although the KID states that sustainability risks are not systematically integrated which implies a low risk from that factor. The KIID fails to include a comprehension alert but derivative use for index tracking moves this firmly into the complex classification."
    }
}