{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Franklin European Quality Dividend UCITS ETF",
    "investment_objective": "Provide exposure to medium and large capitalization European companies with high and persistent dividend income, tracking the LibertyQ European Dividend Index (Net Return).",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed Europe",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses full physical replication by holding all index securities in similar proportions to the LibertyQ European Dividend Index, which comprises 50 stocks selected from the MSCI Europe IMI ex REITS Index. The KIID and PRIIPs KID confirm derivatives are only used for hedging and efficient portfolio management, not as an inherent part of the investment strategy, thus derivatives exposure is minimal and not complexity-driving. There is no mention of synthetic replication, swap agreements, or funded/unfunded swaps. No leverage or inverse exposure is present. The underlying assets are straightforward equities of developed European companies, with no complex structured products or contingent bonds. The risk profile is medium (4/7), consistent with equity market volatility, and no capital protection or structured features are present. Costs are simple with a TER of 0.25%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication and no synthetic or swap-based structure. Counterparty risk is disclosed as a standard risk but not significant enough to drive complexity classification. No PRIIPs comprehension warnings or complexity flags are present. Overall, the ETF is straightforward, transparent, and aligns with a non-complex classification under MiFID II."
}