{
    "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 World Screened UCITS ETF is classified as non-complex under MiFID II based on the following analysis: 1. The fund uses physical replication to track its benchmark (S&P World Index -NR), as indicated by the statement 'The Fund is passively managed and seeks to replicate the benchmark by holding all of the index securities in a similar proportion to their weighting in the Index.' 2. There is no mention of synthetic replication, swaps, or derivative instruments in the KIID or PRIIPs KID. 3. The fund does not employ leverage or inverse strategies, as evidenced by the absence of terms like 'leveraged,' 'inverse,' or 'gearing' in the documents. 4. The underlying assets are large-cap equities in developed markets, which are considered liquid and transparent. 5. The fund is UCITS-compliant, which inherently limits the use of complex strategies. 6. The risk profile is straightforward, with the fund's performance closely tied to the benchmark's performance. 7. The PRIIPs KID does not include a comprehension warning, further supporting the non-complex classification. The monthly factsheet confirms the physical replication method and lack of derivative usage beyond efficient portfolio management (e.g., hedging).",
    "confidence": 95
}