{
    "leverage": true,
    "derivatives": true,
    "swaps": false,
    "inverse": true,
    "replication_method": "physical",
    "ucits": false,
    "type": "ETP",
    "complex_factors": [
        "Inverse exposure",
        "Leverage",
        "Short-term trading focus",
        "High risk profile"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex due to its inverse (-1x) leverage structure, which magnifies returns and risks. The KIID explicitly states it is not suitable for retail investors and requires frequent monitoring. The product tracks an inverse leveraged index, which involves significant complexity in its daily rebalancing and compounding effects. The risk indicator is class 6 out of 7, indicating high risk. The product is designed for short-term trading (1-day holding period), which is not typical for standard ETFs. The underlying strategy involves shorting NVIDIA stock, which introduces additional complexity beyond simple index tracking. The product is not UCITS-compliant, and the PRIIPs KID includes warnings about the complexity of leveraged and inverse products, reinforcing the classification as complex.",
    "confidence": 95
}