{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent equity index. It uses derivatives only for efficient portfolio management (EPM) with minimal impact on risk-return, not as a core strategy. There is no evidence of synthetic replication, embedded derivatives, leverage beyond UCITS limits, or complex features such as swaps, contingent convertible bonds, or structured products. The ETF's structure, risks, and objectives are straightforward and disclosed in the KID, supporting a non-complex classification under MiFID II Article 25(4)(a)(iv) and Article 57[1][2]. The only risks highlighted are standard market, currency, and tracking error risks, none of which relate to structural complexity. Therefore, the ETF meets all criteria for non-complexity."
}