{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Franklin S&P World Screened UCITS ETF",
    "investment_objective": "Provide exposure to large capitalisation companies in developed markets globally, with emphasis on environmentally and socially responsible companies.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed markets globally",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication by holding all index securities in similar proportions to the benchmark (S&P World Guarded Index-NR). There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy, only derivatives used for hedging and efficient portfolio management, which does not trigger complexity. The fund is UCITS compliant, with a low ongoing charge of 0.14%, no performance fees, and no leverage or inverse exposure. The risk profile is moderate (4 out of 7), consistent with a straightforward equity index tracking fund. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. The benchmark is a standard ESG-screened large and mid-cap equity index, with no indication of complex underlying assets such as contingent convertible bonds or CLOs. The fund\u2019s use of derivatives is limited to risk management, not inherent to the strategy, so derivatives are marked false. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, with transparent holdings and no complex features, supporting a non-complex classification under MiFID II."
}