{
    "type": "ETF",
    "ucits": true,
    "fund_name": "First Trust Bloomberg Global Semiconductor Supply Chain UCITS ETF",
    "investment_objective": "To replicate the performance of the Bloomberg Global Semiconductor Supply Chain Select Index by investing primarily in equity securities included in the Index.",
    "primary_asset_class": "Equity",
    "geographic_focus": [
        "United States",
        "Taiwan",
        "Netherlands",
        "Japan",
        "South Korea",
        "Germany",
        "Israel",
        "Switzerland"
    ],
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses full physical replication of an equity index focused on semiconductor supply chain companies. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes. The fund is UCITS compliant, domiciled in Ireland, and regulated by the Central Bank of Ireland. The risk indicator is moderate (5 out of 7 in PRIIPs KID, 7 in KIID but consistent with equity market volatility), with no leverage or inverse exposure. The fund invests directly in liquid, transparent equity securities with a clear, linear relationship to the underlying index performance. Costs are straightforward with a single ongoing charge of 0.60%, no performance fees, and no complex fee structures. The PRIIPs KID and factsheet confirm no use of derivatives for investment, only possibly for risk management which does not trigger complexity. There are no capital protection or structured features. The index tracked is a modified market cap equity index without complex contingent bonds or structured products. No counterparty risk from swaps or derivatives is disclosed. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}