{
    "name": "Franklin S&P 500 Screened UCITS ETF",
    "isn": "IE0006FAD976",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Franklin S&P 500 Screened UCITS ETF is a physically replicated ETF that tracks the S&P 500 Guarded Index -NR, which is a modified version of the S&P 500 Index with ESG screening. The fund uses physical replication by holding all index securities in similar proportions to the benchmark. While the KIID mentions that derivatives may be used for hedging and efficient portfolio management, this is a common practice for UCITS-compliant funds and does not inherently make the fund complex under MiFID II. The fund does not employ leverage, inverse strategies, or synthetic replication. The risk profile is transparent, with a clear focus on large-cap U.S. equities, and the fund is classified as Article 8 under SFDR, promoting environmental and social characteristics. The absence of complex structures, such as leverage, inverse exposure, or significant derivative usage, supports the classification as non-complex.",
    "confidence": 95
}