{
    "fund_name": "Franklin FTSE China UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Franklin FTSE China UCITS ETF is classified as non-complex under MiFID II regulations. The ETF uses physical replication to track the FTSE China 30/18 Capped Index, which consists of large and mid-cap Chinese equities. The KIID and factsheet indicate that derivatives are only used for efficient portfolio management (EPM) purposes, not for leverage or synthetic replication. The fund does not employ leverage, inverse strategies, or complex underlying assets. The risk profile is transparent, with risks primarily related to emerging markets, concentration, and currency fluctuations, which are typical for equity ETFs. The fund is UCITS-compliant, ensuring adherence to regulatory standards for liquidity and transparency. The absence of complex features such as swaps, leverage, or capital protection mechanisms further supports the non-complex classification.",
    "confidence": 95
}