{
    "type": "ETF",
    "ucits": true,
    "fund_name": "First Trust Indxx Global Aerospace & Defence UCITS ETF",
    "investment_objective": "To replicate the performance of the Indxx Global Advanced Aerospace & Defence Index by investing primarily in equity securities included in the Index.",
    "primary_asset_class": "equity",
    "geographic_focus": "Global with major allocations to US, France, UK, Germany, India, Italy, Singapore, Sweden, South Korea, Canada, Israel",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity ETF physically replicating the Indxx Global Advanced Aerospace & Defence Index. The fund invests directly in the underlying equities or depositary receipts where direct investment is not possible. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes. The fund does not employ leverage or inverse strategies. The risk profile is high (6 out of 7) reflecting equity market volatility and sector concentration, but this does not imply complexity under MiFID II. The fund does not have capital protection or structured features. Costs are straightforward with a single ongoing charge of 0.65% and no performance fees. The index tracked is thematic but composed of liquid, listed equities with clear inclusion criteria and quarterly rebalancing. No complex underlying assets such as contingent convertible bonds or CLOs are held. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication and no use of derivatives or swaps. Therefore, the ETF is classified as non-complex under MiFID II."
}