{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Franklin Sustainable Euro Green Corp 1-5 Year UCITS ETF",
    "investment_objective": "Provide exposure primarily to the European corporate green bond market with a short to mid duration of less than 5 years, whilst maximising total returns.",
    "primary_asset_class": "bond",
    "geographic_focus": "Europe",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Fund invests mainly in physical corporate green bonds denominated in European currencies with maturities between 1 and 5 years. The KIID and PRIIPs KID explicitly state that derivatives may be used only for hedging, efficient portfolio management, or investment purposes, but there is no indication that derivatives are an inherent part of the investment strategy or used for synthetic replication. There is no mention of swap agreements, total return swaps, or counterparty exposure related to synthetic replication. The fund is UCITS compliant and uses physical holdings of bonds, confirmed by the factsheet listing 85 holdings of corporate and quasi-sovereign bonds. The risk profile is low (2 out of 7), indicating moderate risk consistent with bond market exposure, with no leverage or inverse exposure. Costs are straightforward with a TER of 0.18% and no performance fees or swap fees. No capital protection or structured features are present. The benchmark is a standard Bloomberg Euro Corporate Green Bond 1-5 Year Index, which is a transparent and liquid index. The fund does not hold complex underlying assets such as contingent convertible bonds or CLOs. The factsheet and KIID do not mention roll costs, contango, or backwardation effects, which are typical complexity indicators in commodity or synthetic ETFs. Overall, the fund exhibits a straightforward, physical bond ETF structure with minimal derivative use for risk management only, no leverage, and no complex features, leading to a non-complex classification under MiFID II."
}