{
    "fund_name": "Franklin FTSE Taiwan UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Franklin FTSE Taiwan UCITS ETF is a physically replicated ETF that tracks the FTSE Taiwan 30/18 Capped Index. It does not use derivatives for leverage, inverse exposure, or synthetic replication. The fund invests directly in large and mid-cap Taiwanese equities, with no mention of swaps, unfunded swaps, or counterparty risk in the KIID or PRIIPs documents. The risk profile is straightforward, with risks primarily related to equity market volatility and concentration in Taiwanese equities. The fund's TER is low (0.19%), and there are no capital protection mechanisms or structured features. The PRIIPs KID does not include a comprehension warning, further supporting the non-complex classification. The fact sheet confirms physical replication and full replication methodology, with no derivative usage beyond efficient portfolio management (if any). The fund's structure is transparent, with holdings listed and no indication of complex underlying assets.",
    "confidence": 95
}