{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF",
    "investment_objective": "To track the performance of the STOXX\u00ae Europe 600 Paris-Aligned Benchmark Index (Net Return), providing exposure to European large and mid-capitalisation stocks aligned to the transition to a low carbon economy.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Europe",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF uses full physical replication of the STOXX Europe 600 Paris-Aligned Benchmark Index, investing directly in large and mid-cap European equities. The KIID and PRIIPs KID confirm that derivatives may be used only for efficient portfolio management purposes, not as an inherent part of the investment strategy, thus derivatives exposure is minimal and non-complex. There is no mention of synthetic replication, swap agreements, or funded/unfunded swap structures. Leverage or inverse exposure is not present. The risk indicator is moderate (4 out of 7), consistent with equity market risk but not indicative of complexity. The fund is UCITS compliant, with a low total expense ratio (0.15%) and no performance fees. The monthly factsheet confirms physical full replication and no use of synthetic instruments. Counterparty risk is disclosed as a standard risk related to efficient portfolio management derivatives but is not significant enough to classify the fund as complex. No capital protection or structured features are present. The underlying assets are liquid, large and mid-cap stocks, with no complex bonds or structured products. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund exhibits a straightforward, transparent, and linear investment strategy aligned with MiFID II non-complex criteria."
}