{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fidelity Global Quality Value UCITS ETF is a UCITS-compliant equity ETF that physically replicates the Fidelity Global Quality Value Index by holding all index securities in similar proportions. The KIID and PRIIPs KID documents confirm the fund uses physical replication and only employs derivatives for efficient portfolio management and currency hedging, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or counterparty risk. The fund does not use leverage or inverse exposure, and the risk indicator is moderate (4 out of 7 in PRIIPs KID, 6 in MiFID KIID but reflecting equity market risk rather than complexity). The underlying assets are large and mid-cap equities from developed markets, with no complex structured products or contingent bonds. Charges are straightforward with a single ongoing charge of 0.30%, no performance fees, and no swap or derivative fees. The index tracked is transparent and based on fundamental and ESG criteria, without complex derivatives embedded. The monthly factsheet confirms physical replication, no use of swaps, and a diversified portfolio of 297 holdings. There are no capital protection or structured features. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance and is suitable for retail investors with basic investment knowledge."
}