{
    "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 S&P 500 Paris Aligned Climate UCITS ETF is a physically replicated ETF that tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG Index. The KIID and factsheet indicate that the fund uses full replication to track its index and only employs derivatives for efficient portfolio management (EPM) purposes, not as a core part of its investment strategy. The fund does not use leverage, inverse strategies, or synthetic replication. It is UCITS-compliant and classified as an Article 8 fund under the EU Sustainable Finance Disclosure Regulation (SFDR). The risk profile is transparent, with risks primarily related to market, counterparty, and currency fluctuations, which are typical for equity ETFs. The fund's structure and objectives are straightforward, and it does not exhibit any of the complexity indicators outlined in MiFID II, such as leverage, synthetic replication, or exposure to illiquid or hard-to-value assets.",
    "confidence": 95
}