{
    "type": "ETF",
    "ucits": true,
    "fund_name": "First Trust Dow Jones International Internet UCITS ETF",
    "investment_objective": "To replicate the performance of the Dow Jones International Internet Index by holding equity securities included in the Index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "International, non-U.S. internet companies with significant exposure to China (41.65%) and other countries",
    "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 Dow Jones International Internet Index, investing primarily in equity securities included in the index. There is no mention of synthetic replication, swap agreements, or derivative instruments as part of the investment strategy. The fund is UCITS compliant and does not employ leverage or inverse exposure. The risk profile is high (6-7 on a 7-point scale) due to the volatility of the underlying internet sector equities and significant exposure to Chinese VIE structures, which carry regulatory and political risks. However, these risks relate to the underlying assets and market volatility rather than structural complexity of the ETF itself. The fund does not have capital protection, structured features, or complex fee arrangements beyond a standard ongoing charge of 0.65%. The PRIIPs KID does not include a comprehension warning or highlight derivative usage. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. The complexity arises mainly from the sector and geographic risks (e.g., VIEs in China) and the high volatility of internet stocks, not from the ETF's structure or use of derivatives. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}