{
    "complex": false,
    "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 Indxx NextG UCITS ETF is a physically replicated ETF that tracks the Indxx 5G & NextG Thematic Index. It uses full replication to hold the underlying securities in similar proportions to the index. The KIID and factsheet confirm that the fund does not use synthetic replication, leverage, or inverse strategies. The risk profile is rated at 6, which is high but not necessarily indicative of complexity under MiFID II. The fund's investment policy is straightforward, focusing on equities related to 5G and next-generation technologies. There are no mentions of derivatives, swaps, or other complex instruments beyond standard portfolio management techniques. The fund is UCITS-compliant, which typically aligns with non-complex classifications under MiFID II.",
    "confidence": 95
}