{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Fidelity EUR Corp Bond Research Enhanced PAB UCITS ETF is a UCITS-compliant fixed income ETF investing primarily in EUR-denominated investment grade corporate bonds globally. The fund uses physical replication, investing directly in underlying securities aligned with the Solactive Euro Corporate IG PAB Index, which is a Paris-aligned benchmark. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or monthly factsheet. The fund may use derivatives only for efficient portfolio management and currency hedging, which does not trigger complexity under MiFID II. There is no leverage, inverse exposure, or capital protection features. The risk profile is low (risk class 2-3), consistent with investment grade corporate bonds and no complex derivative usage. Costs are straightforward with a simple ongoing charge of 0.20% and no performance fees or swap fees. The benchmark is a transparent, ESG-screened corporate bond index without complex structured products or contingent bonds. No counterparty risk or collateral management risks are disclosed beyond normal market risks. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund exhibits a clear, linear relationship to underlying bond performance with minimal derivative use for risk management only, physical replication, and no leverage or complex features, leading to a non-complex classification under MiFID II."
}