{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Physical replication with no derivatives",
        "Straightforward index tracking",
        "No leverage or inverse exposure",
        "No capital protection mechanisms"
    ],
    "classification": "non-complex",
    "supporting_data": "The Franklin US Dividend Tilt UCITS ETF uses physical replication to track the Morningstar US Dividend Enhanced Select Index-NR. The KIID and factsheet confirm no derivatives, swaps, or leverage are used. The fund invests directly in large/mid-cap US equities with a dividend tilt strategy. The risk profile is transparent, with risks clearly disclosed (e.g., equity risk, index tracking risk). The PRIIPs KID does not include a comprehension warning, further supporting non-complex classification. The fund's TER (0.12%) is low, and costs are straightforward. The underlying index is a standard equity index with no complex features.",
    "confidence": 95
}