{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Franklin S&P World Screened UCITS ETF is a physically replicated, passive ETF that tracks the S&P World Guarded Index-NR. It invests directly in equities of large-cap companies in developed markets, with an ESG screening overlay. The KIID explicitly states that derivatives are only used for hedging and efficient portfolio management, not as a core part of the investment strategy. The fund has a straightforward objective of tracking its benchmark, with no leverage, inverse exposure, or complex underlying assets. The risk profile is typical for an equity ETF, and the fund is UCITS-compliant, which imposes additional investor protection requirements. The absence of synthetic replication, leverage, or complex derivatives usage, combined with the physical replication method and clear investment objective, supports a non-complex classification.",
    "confidence": 95
}