{
    "fund_name": "First Trust Germany AlphaDEX 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 NASDAQ AlphaDEX Germany Index, with no mention of synthetic replication, swaps, or derivatives. The fund invests directly in equity securities of the index, with minimal use of derivatives (only for efficient portfolio management if needed). The risk profile (SRRI 6) is high but typical for equity ETFs, and the underlying index is a transparent, rules-based equity index. The fund is UCITS-compliant, has a straightforward investment strategy, and provides regular liquidity. No complexity indicators (e.g., leverage, inverse exposure, capital protection) are present.",
    "confidence": 95
}