{
    "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 by investing primarily in equity securities included in the 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 uses physical full replication of the NASDAQ AlphaDEX\u00ae Eurozone Index, investing directly in equity securities and depositary receipts where direct investment is not possible. There is no mention of synthetic replication, swap agreements, or derivative instruments as part of the investment strategy. The fund is UCITS compliant, with a straightforward index-tracking objective. The risk profile is medium (risk level 4 in PRIIPs, 6 in KIID but driven by equity market volatility rather than complexity). No leverage, inverse exposure, or capital protection features are present. Costs are simple with no performance fees or swap fees. The index tracked is an enhanced equity index using fundamental factors but does not involve complex structured products or contingent bonds. 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. Overall, the fund\u2019s structure and disclosures indicate a non-complex ETF under MiFID II criteria."
}