{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "Synthetic Replication using swaps.",
            "Underlying index tracks Breakeven Inflation expectations using a long/short strategy which can be considered complex for retail investors.",
            "The use of derivatives (swaps) to gain exposure to the index.",
            "Currency hedging via monthly hedge strategies."
        ],
        "classification": "complex",
        "supporting_data": "This ETF uses synthetic replication via a financial derivative instrument (FDI), specifically an over-the-counter swap contract, to achieve its investment objective.  The index itself has a complex strategy involving long and short positions in different types of bonds, making it challenging for retail investors to understand the underlying risk.  The ETF also uses currency hedging, which, although meant to mitigate risk, adds another layer of complexity. The index methodology takes into account borrowing costs for short positions which can lead to roll costs. This is further backed up by information in the KID document."
    }
}