{
    "type": "ETF",
    "ucits": true,
    "fund_name": "First Trust Global Equity Income UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF seeks to replicate the NASDAQ Global High Equity Income Index primarily by physical full replication of equity securities included in the index, with some use of depositary receipts where direct investment is not possible. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments as part of the investment strategy. The fund is UCITS compliant and uses a straightforward index-tracking approach with physical holdings. The risk profile is medium (risk level 4 in PRIIPs, 6 in KIID, reflecting equity market volatility rather than structural complexity). There is no leverage, inverse or amplified exposure. Costs are simple with no performance fees or swap fees. The underlying assets are equities selected by fundamental screens and dividend yield criteria, with no complex structured products or contingent bonds. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical full replication and no use of derivatives or swaps. Overall, the fund exhibits a clear, linear relationship to the underlying index performance and minimal derivative exposure, consistent with a non-complex classification under MiFID II."
}