{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Franklin US Dividend Tilt UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Franklin US Dividend Tilt UCITS ETF aims to track the Morningstar US Dividend Enhanced Select Index using a full physical replication method by holding all index securities in similar proportions. The KIID and PRIIPs KID confirm that derivatives may be used only for efficient portfolio management or hedging purposes, not as an inherent part of the investment strategy, and no synthetic replication or swap agreements are mentioned. The fund does not employ leverage, inverse or amplified exposure. The underlying assets are large and mid-cap US equities, which are liquid and transparent. There are no capital protection or structured features. The risk profile is medium-high (5/7), consistent with equity market exposure, but no complexity flags such as contingent bonds or complex derivatives are present. Costs are straightforward with a low TER (0.12%) and no performance fees or swap fees. The factsheet confirms physical full replication and no use of swaps. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}