{
    "type": "ETF",
    "ucits": true,
    "fund_name": "First Trust Indxx NextG UCITS ETF",
    "investment_objective": "To replicate the performance of the Indxx 5G & NextG Thematic Index by investing primarily in equity securities included in the Index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global with significant allocations to United States (34.41%), Japan (10.83%), Taiwan (10.74%), India (6.43%), China (5.87%), South Korea (4.58%), and other countries.",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses full physical replication of the Indxx 5G & NextG Thematic Index, investing directly in equity securities or depository receipts where direct investment is not possible. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. The fund is UCITS compliant and regulated by the Central Bank of Ireland. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 out of 7 in KIID), reflecting equity market volatility and exposure to emerging technology companies, but not complexity from leverage or derivatives. Charges are straightforward with a 0.70% ongoing charge and no performance fees or swap fees. The underlying assets are liquid equities in well-known companies involved in 5G and next generation technologies. There are no capital protection or structured features. The PRIIPs KID does not include any comprehension warnings or complexity flags related to derivatives or leverage. The factsheet confirms physical full replication and no use of swaps or leverage. Therefore, the ETF does not meet MiFID II criteria for a complex financial instrument."
}