{
    "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 STOXX Europe 600 Industrials UCITS ETF Acc employs an indirect replication methodology using a total return swap (financial derivative instrument) to track the STOXX Europe 600 Industry Industrials 30-15 Index. The KIID explicitly states that 'Derivatives are integral to the Sub-Fund's investment strategies.' This use of derivatives, specifically swaps, to achieve its investment objective is a primary driver for its classification as complex.  The KIID also highlights 'Counterparty risk' and 'Risk of Financial derivative Instruments' (which can induce leverage, high volatility, valuation, or liquidity risks) as important risks, further supporting a complex classification.  According to MiFID II and ESMA guidelines, the integral use of derivatives, particularly swaps for replication, introduces risks like counterparty and collateral risk that are difficult for retail investors to understand, thus leading to a complex classification."
    }
}