{
    "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 Japan UCITS ETF aims to replicate the FTSE Japan Index by holding all or a representative sample of the underlying equities, primarily large and mid-cap Japanese stocks. The fund uses physical full replication as confirmed by the factsheet. Derivatives are only used for hedging and efficient portfolio management, not as an inherent part of the investment strategy, so derivative exposure is minimal and not complexity-driving. There is no mention of synthetic replication, swap agreements, or counterparty risk. The fund has no leverage, inverse or amplified exposure. The risk profile is moderate (4 out of 7), consistent with direct equity exposure. Costs are straightforward with a low ongoing charge (0.09%) and no performance fees or swap fees. The underlying assets are liquid equities, with no complex structured products or contingent bonds. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF exhibits a simple, transparent structure with a clear linear relationship to the underlying index performance, meeting the criteria for non-complex classification under MiFID II."
}