{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Franklin MSCI China Paris Aligned Climate UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fund physically replicating the MSCI China Climate Paris Aligned Net Total Return Index using full replication methodology, holding large and mid-cap Chinese equities directly. The KIID and PRIIPs KID confirm that derivatives may be used only for efficient portfolio management (EPM) purposes, not as an inherent part of the investment strategy, and no synthetic replication or swap usage is indicated. The fund does not employ leverage, inverse or amplified exposure. The risk profile is moderate (5/7), consistent with equity market risk and emerging market exposure, but no complexity flags such as capital protection, contingent bonds, or structured features are present. Costs are straightforward with a TER of 0.22%, no performance fees, and no swap or derivative fees disclosed. Counterparty risk is mentioned only in the context of EPM derivatives, which is standard and limited. The underlying assets are liquid, large and mid-cap equities, with no complex structured products or illiquid holdings. The index tracked is a climate-aligned equity index, with no indication of complex derivative overlays or contingent features. The monthly factsheet confirms physical full replication and no synthetic or swap-based structure. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}