{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Franklin Future of Health and Wellness UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to track the Solactive Sustainable Health and Wellness Index using full physical replication or optimisation methodology only when full replication is not feasible. The fund invests directly in global equity securities from developed markets, primarily in healthcare-related sectors. The KIID and PRIIPs KID confirm that derivatives may be used solely for efficient portfolio management (EPM) purposes, not as an inherent part of the investment strategy, thus derivatives exposure is minimal and not complexity-driving. There is no mention of synthetic replication, swap agreements, funded or unfunded swaps, or counterparty risk related to derivatives. Leverage or inverse exposure is absent. The risk profile is moderate (risk level 4/7), consistent with equity market exposure, without additional complexity flags such as capital protection or structured features. Costs are straightforward with a TER of 0.30%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical full replication, no use of swaps, and direct holding of underlying securities. The index tracked is a thematic equity index based on a natural language processing algorithm but does not involve complex structured products or contingent bonds. No PRIIPs comprehension warnings or complexity flags are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}