{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "synthetic",
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "Swaps",
            "Counterparty Risk",
            "Collateral Risk"
        ],
        "classification": "complex",
        "supporting_data": "The Amundi Smart Overnight Return UCITS ETF employs an 'Indirect Replication methodology'. This involves investing in financial derivative instruments, specifically mentioning 'total return swap, currency forwards and currency swaps transactions' as part of its investment portfolio to achieve its objective. The document explicitly states that the Sub-Fund will use these derivatives to replicate the performance of the Benchmark Index. The use of total return swaps introduces counterparty risk and collateral risk, which are considered complex for retail investors. Furthermore, the description of financial derivative instruments in the 'Risk and Reward Profile' section highlights 'leverage risk, high volatility risk, valuation risk or liquidity risk' associated with their use. While the ETF aims to track a short-term rate and hedges currency, the reliance on derivatives for replication makes its structure and risks difficult for a typical retail investor to fully comprehend, leading to a complex classification."
    }
}