{
    "ucits": true,
    "type": "ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "None identified",
    "classification": "non-complex",
    "supporting_data": "The First Trust SMID Rising Dividend Achievers UCITS ETF is a UCITS-compliant, physically replicated ETF that invests primarily in equity securities included in its benchmark index. It does not use derivatives as a core part of its investment strategy, does not employ leverage beyond UCITS limits, and does not hold structured products, swaps, or contingent convertible bonds. The ETF's structure, risks, and investment objective are straightforward and transparent, making it easily understandable for retail investors with basic knowledge. The UCITS regulatory framework provides additional investor protections, and there is no evidence of complex features such as embedded derivatives, synthetic replication, or significant securities lending that would introduce opacity or counterparty risk. Therefore, the ETF meets all criteria for non-complex classification under MiFID II Article 25(4)(a)(iv) and Article 57 of the Delegated Regulation[1]."
}