{
    "fund_name": "Alerian Midstream Energy Dividend UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Alerian Midstream Energy Corporation Dividend Index, which consists of dividend-paying energy infrastructure companies in North America. There is no mention of synthetic replication, swaps, or derivative instruments in the KIID or PRIIPs KID. The fund's investment strategy is straightforward, focusing on direct investment in equity securities of companies involved in midstream energy activities. The risk profile is clearly stated, and the fund does not employ leverage or inverse strategies. The underlying index is based on liquid, publicly traded companies with a clear dividend focus, and there are no indications of complex structured products or illiquid assets. The fund's charges are transparent, and there are no performance fees or complex fee structures. The PRIIPs KID does not include a comprehension warning, further supporting the non-complex classification.",
    "confidence": 95
}