{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": null,
    "classification": "non-complex",
    "supporting_data": "The Franklin FTSE Taiwan UCITS ETF is a physically replicated, non-leveraged ETF that tracks the FTSE Taiwan 30/18 Capped Index. The KIID and factsheet confirm it uses full physical replication, holds liquid Taiwanese equities, and does not employ synthetic replication, swaps, or leverage. Derivatives are only used for efficient portfolio management (EPM), not as a core strategy. The fund is UCITS-compliant, has a straightforward risk profile (risk level 4), and provides clear disclosure of its holdings and methodology. The absence of complex features like capital protection, illiquid assets, or structured products further supports its non-complex classification.",
    "confidence": 95
}