{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Franklin Euro IG Corporate UCITS ETF",
    "investment_objective": "Provide income from the European corporate bond market while seeking to preserve capital, with ESG integration",
    "primary_asset_class": "Investment grade Euro-denominated corporate bonds",
    "geographic_focus": "Europe",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF invests primarily in Euro-denominated investment grade corporate bonds, with at least 80% of NAV in fixed and floating rate corporate debt securities. The fund pursues an actively managed strategy but does not track an index synthetically. The KIID and PRIIPs KID explicitly state that derivatives may be used only for efficient portfolio management or investment purposes, not as an inherent part of the strategy, and no mention of swap agreements, total return swaps, or synthetic replication is found. The factsheet confirms physical holdings of bonds with no indication of synthetic replication or leverage. The risk profile is low (2 out of 7), consistent with investment grade bonds, and no capital protection or structured features are present. Costs are straightforward with a TER of 0.15%, no performance fees, and no swap or derivative fees disclosed. Counterparty risk is mentioned but only in the context of operational risk, not due to synthetic structures. There is no leverage, inverse exposure, or complex underlying assets such as contingent convertible bonds or CLOs. The fund is UCITS compliant and uses physical replication of bonds traded on recognized European markets. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}