{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Franklin FTSE Developed World UCITS ETF is a physically replicated ETF that aims to track the FTSE Developed Index. It uses full replication methodology, holding all index securities in similar proportions to their weighting in the index. While the KIID mentions that derivatives may be used for efficient portfolio management purposes only, this is a standard practice for many non-complex ETFs and does not introduce significant additional risk or complexity. The fund does not employ leverage, inverse strategies, or synthetic replication. The risk profile is straightforward, with risks primarily related to market volatility and index tracking. The fund is UCITS-compliant, which imposes additional investor protection requirements. The absence of complex structures, leverage, or significant derivative exposure supports the non-complex classification.",
    "confidence": 95
}