{
    "complex": false,
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [
        "Use of derivatives for hedging and efficient portfolio management",
        "Investment in green bonds with potential sustainability risks",
        "Counterparty risk from derivative usage"
    ],
    "classification": "non-complex",
    "supporting_data": "The Franklin Sustainable Euro Green Corp 1-5 Year UCITS ETF primarily invests in corporate green bonds with a short to mid duration of less than 5 years. While it may use derivatives for hedging and efficient portfolio management, there is no indication of synthetic replication, leverage, or inverse strategies. The fund's investment objective is straightforward, focusing on sustainable green bonds in the European market. The risk profile is rated as moderate (level 4-5), and the fund is UCITS-compliant, which typically indicates a lower complexity level. The use of derivatives is for risk management and efficient portfolio management rather than as an inherent element of the strategy. The fund's physical replication method and the absence of complex structured features or capital protection mechanisms further support its non-complex classification.",
    "confidence": 90
}