{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The First Trust Bloomberg Artificial Intelligence UCITS ETF aims to replicate the Bloomberg Artificial Intelligence Select Index by holding equity securities in similar proportions to the index, indicating physical replication. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments as part of the investment strategy. The fund does not employ leverage or inverse exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or structured products. The risk profile is rated 6, reflecting volatility typical of technology and AI sector equities, but this is due to the underlying equity exposure rather than complexity of the instrument itself. Charges are straightforward with no performance fees or swap fees. The KIID and prospectus do not disclose any counterparty risk or derivative counterparty risk. The fund is UCITS compliant, which generally limits complexity and derivative use. No capital protection or structured features are present. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance through physical replication of liquid equity securities, with minimal derivative use limited to possible incidental money market instruments for cash management, which does not trigger complexity classification under MiFID II."
}