{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": [
            "Derivatives for index replication",
            "Counterparty risk due to OTC derivatives",
            "ESG Ratings can be subjective"
        ],
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant. While it is passively managed and tracks an index, it uses derivatives which are used for index replication, increasing its complexity. Furthermore the fund uses OTC derivates introducing counterparty risk, this is mitigated by UBS (Lux) fund Solutions collateral policy. Finally the fund holds securities which are not comprised in its index if the portfolio manager believes this to be appropriate considering the sub-fund's investment objective and the investment restrictions or other factors."
    }
}