{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Franklin Euro Short Maturity UCITS ETF Class (Dis)",
    "investment_objective": "Provide current income whilst maximizing total returns in the Euro-denominated short term fixed income market",
    "primary_asset_class": "Short-term fixed and floating rate investment grade debt securities",
    "geographic_focus": "Primarily Euro-denominated sovereign and corporate issuers including non-European issuers",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Fund invests mainly in short-term fixed and floating rate investment grade debt securities denominated in Euro, with some exposure to lower quality debt securities limited to 20% of assets. The Fund uses derivatives only for hedging, efficient portfolio management, and/or investment purposes, not as an inherent part of the investment strategy, thus derivatives are not considered a complexity driver. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or factsheet. The replication method is physical, investing directly in underlying securities. There is no leverage or inverse exposure. The risk profile is low (risk indicator 2/7), consistent with a non-complex classification. The Fund is UCITS compliant. Costs are straightforward with a TER of 0.15%, no performance fees, and no swap or derivative fees. The underlying assets are liquid, investment grade bonds with no complex structured products or contingent capital instruments. No capital protection or structured features are present. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The factsheet confirms no use of swaps or synthetic replication and shows a straightforward portfolio of bonds. Overall, the Fund exhibits a clear, linear relationship to underlying performance and minimal derivative use, supporting a non-complex classification under MiFID II."
}