{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Franklin FTSE Saudi Arabia UCITS ETF aims to provide exposure to large and mid-capitalisation equities in Saudi Arabia by tracking the FTSE Saudi Arabia 30/18 Capped Index. The fund uses full physical replication, holding all or a representative sample of the underlying securities directly, as confirmed by the factsheet. Derivatives are only used for efficient portfolio management and hedging, not as an inherent part of the investment strategy, and there is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The fund has no leverage, inverse or amplified exposure, and no capital protection or structured features. The risk profile is moderate (4 out of 7), consistent with direct equity exposure in a single country market. Costs are straightforward with a TER of 0.39%, no performance fees, and no complex fee structures. The PRIIPs KID does not include any complexity warnings or comprehension alerts. Overall, the fund's structure, replication method, and risk disclosures align with a non-complex classification under MiFID II."
}