{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None identified in the KID",
    "supporting_data": "The First Trust Global Capital Strength ESG Leaders UCITS ETF is a UCITS-compliant, physically replicated ETF that invests primarily in a diversified portfolio of global equity securities. The fund is actively managed but does not use derivatives as a core part of its investment strategy, nor does it employ leverage, swaps, or inverse strategies. The KID does not mention the use of complex instruments such as CLOs, contingent convertible bonds, or structured products. The fund's risk profile is driven by market volatility and ESG screening, not by complex structural features. The index tracked (MSCI ESG Index) is transparent and well-documented. There is no evidence of embedded derivatives, complex indices, or other features that would make the fund's structure, risks, or payoff difficult for a retail investor with basic knowledge to understand. The fund is authorized in Ireland and regulated by the Central Bank of Ireland, further supporting its compliance with UCITS standards.",
    "classification": "non-complex"
}