{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The First Trust United Kingdom AlphaDEXu00ae UCITS ETF aims to track the NASDAQ AlphaDEXu00ae United Kingdom Index by holding the equity securities of issuers included in the Index. The ETF uses physical replication and does not mention the use of derivatives for replication or other purposes. The objective and investment policy are straightforward, focusing on tracking a well-known equity index. The risk and reward profile indicates potential for high rises and falls in value, but this is attributed to market volatility and not structural complexity. There is no mention of embedded derivatives, leverage, or other features that would make the ETF difficult for a retail investor to understand. The KIID confirms it is a UCITS ETF and its objective is to replicate an equity index through physical holdings. Based on the provided information and MiFID II guidelines, the ETF is presumed non-complex."
    }
}