{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "complex": true,
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "Use of swaps for replication",
            "Counterparty risk",
            "Collateral risk"
        ],
        "classification": "complex",
        "supporting_data": "The ETF aims to track the FTSE 100 Total Return Index via indirect replication using an over-the-counter (OTC) swap contract, which is a financial derivative instrument. This use of derivatives for replication purposes, as opposed to efficient portfolio management, is a key indicator of complexity under MiFID II. The document explicitly mentions that synthetic replication uses derivatives like total return swaps and introduces risks such as counterparty risk and collateral risk, which are considered difficult for retail investors to understand. The 'Risk and Reward Profile' section also highlights 'Counterparty risk' and 'Risk of Financial derivative Instruments' as relevant risks, further confirming the complex nature of the product due to its derivative usage."
    }
}