{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "synthetic",
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "Swaps"
        ],
        "classification": "complex",
        "supporting_data": "The ETF uses an 'Indirect Replication methodology' which involves investing in a 'total return swap (financial derivative instrument)' to gain exposure to the index. According to MiFID II rules and ESMA guidelines, the use of derivatives, particularly swaps, integral to achieving the investment objective, is a primary indicator of complexity. The KIDs explicitly state that 'Derivatives are integral to the Sub-Fund's investment strategies'. The risk profile also mentions 'Counterparty risk' which is associated with the use of derivatives. Therefore, due to the reliance on total return swaps for replication, the ETF is classified as complex."
    }
}