{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Franklin Future of Health and Wellness UCITS ETF is classified as non-complex under MiFID II regulations. The ETF uses physical replication to track the Solactive Sustainable Health and Wellness Index-NR, holding the underlying securities directly. While the KIID mentions the use of derivatives for efficient portfolio management (EPM) purposes only, this does not introduce complexity as it is a standard practice for risk management and does not alter the fund's risk profile materially. The fund does not employ leverage, inverse strategies, or synthetic replication, and there are no indications of complex underlying assets such as contingent bonds or structured products. The risk profile is transparent, with clear disclosures about concentration, counterparty, and derivative risks, all of which are typical for equity ETFs. The fund is UCITS-compliant, further supporting its classification as non-complex.",
    "confidence": 95
}