{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Franklin AI, Metaverse and Blockchain UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Franklin AI, Metaverse and Blockchain UCITS ETF is a UCITS-compliant equity ETF that physically replicates the Solactive Global Metaverse Innovation Index-NR by full replication of listed equities globally involved in metaverse, AI, blockchain and digital assets. The KIID and PRIIPs KID confirm that derivatives are used only for hedging and efficient portfolio management, not as an inherent part of the investment strategy, and there is no mention of synthetic replication, swap agreements, or counterparty risk beyond normal operational risks. The fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or structured products. The risk profile is high (6/7) due to thematic equity exposure and concentration risk, but this is typical for thematic equity ETFs and does not imply complexity under MiFID II. Costs are straightforward with a TER of 0.30%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical full replication, no use of swaps, and a transparent portfolio of approximately 75 equity holdings. There are no capital protection or structured features. The complexity indicators such as synthetic replication, leverage, swaps, or complex underlying assets are absent. Therefore, the ETF is classified as non-complex under MiFID II."
}