{
    "success": true,
    "data": {
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The First Trust Alerian Disruptive Technology Real Estate UCITS ETF is a passively managed ETF that aims to replicate the performance of the Alerian Disruptive Technology Real Estate Index. It primarily invests in equity securities included in the index. The fund uses physical replication, holding similar proportions of the equity securities in the Index. The KIID indicates a risk rating of 6 out of 7, which reflects market volatility and not structural complexity. There is no mention of derivatives being used for replication or investment strategy beyond potential efficient portfolio management, which is generally considered non-complex. The index itself, based on real estate and disruptive technology, while potentially sector-specific, is not inherently complex in structure. The fund is authorized in Ireland and regulated by the Central Bank of Ireland. The objective and investment policy are straightforward, focusing on tracking an index through direct holdings of underlying securities. The ongoing charges are reasonable at 0.60%. Based on the information provided, the ETF adheres to the principles of UCITS, uses physical replication, and does not employ complex derivative strategies or structures that would make it difficult for a retail investor to understand. Therefore, it is classified as non-complex."
    }
}