{
    "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 Government Bond Climate Aware UCITS ETF is a UCITS-compliant ETF that physically replicates the Solactive Paris Aware Global Government USD Index by holding all the index securities in similar proportions. The fund uses derivatives only for efficient portfolio management and currency hedging, not as an inherent part of the investment strategy, so derivative use is minimal and risk-managing in nature. There is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The fund is unleveraged, with no inverse or leveraged exposure. The underlying assets are investment-grade government bonds, which are liquid and transparent, with no complex structured products or contingent capital instruments. The risk profile is moderate-low (risk class 3-4), consistent with a straightforward bond index tracking strategy. Costs are simple, with a single ongoing charge of 0.25%, no performance fees, and no swap or derivative fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication, no use of swaps, and a portfolio of 253 government bonds with an average credit rating around A/A-. Overall, the ETF exhibits none of the complexity indicators under MiFID II and is therefore classified as non-complex."
}