{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Derivative Use for efficient portfolio management",
            "Securities Lending"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and aims to track the MSCI Switzerland 20/35 Index through direct investments (physical replication). While the fund may use derivatives for efficient portfolio management (EPM) such as hedging or managing cash flows, this usage is not integral to achieving its investment objective. Securities lending transactions are allowed. Counterparty risk for derivatives mitigated via the collateral policy. The overall structure is deemed understandable for retail investors."
    }
}