{
    "type": "ETF",
    "ucits": true,
    "fund_name": "First Trust Nasdaq Cybersecurity UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity fund that physically replicates the Nasdaq CTA Cybersecurity Exclusions Index by holding the underlying equity securities in similar proportions. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment exposure. The fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is medium-high (5 out of 7), reflecting the equity sector and thematic focus on cybersecurity companies, which are subject to typical equity market risks and sector-specific risks, but not complexity from derivatives or structured features. Costs are straightforward with a single ongoing charge of 0.60%, no performance fees, and no swap or derivative fees. The PRIIPs KID confirms no capital protection or structured features and no complexity warnings or comprehension alerts. The monthly factsheet confirms physical full replication, no use of swaps or derivatives, and a transparent portfolio of liquid equity securities. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}