{
    "type": "ETF",
    "ucits": true,
    "fund_name": "First Trust Eurozone AlphaDEX\u00ae UCITS ETF",
    "investment_objective": "To provide total return reflecting the NASDAQ AlphaDEX\u00ae Eurozone Index",
    "primary_asset_class": "Equity",
    "geographic_focus": "Eurozone (Europe)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicated equity ETF tracking the NASDAQ AlphaDEX\u00ae Eurozone Index. The fund invests primarily in equity securities included in the index, holding them in similar proportions (full replication). 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 rating is 6 out of 7, reflecting market volatility typical of equity funds, but no complexity flags such as capital protection, contingent bonds, or structured products are present. The PRIIPs KID confirms no capital guarantee or complex derivative usage, and the fact sheet explicitly states physical full replication with no synthetic elements. Costs are straightforward with no swap or performance fees. The AlphaDEX\u00ae methodology is a stock selection process based on fundamental factors but does not introduce complexity in terms of derivatives or leverage. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}