{
    "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 Corp Bond Research Enhanced PAB UCITS ETF is a UCITS-compliant bond ETF investing primarily in investment grade corporate debt securities globally. The fund uses physical replication, investing directly in bonds aligned with the Solactive Paris Aligned Global Corporate USD Index. 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 or amplified exposure. The risk indicator is moderate-low (3 out of 7), consistent with a straightforward bond ETF. The underlying assets are investment grade corporate bonds, with no contingent convertible bonds, structured products, or complex derivatives. Costs are simple with a single ongoing charge of 0.25%, no performance fees, and no swap or derivative fees. The benchmark is a Paris-aligned ESG corporate bond index, which is transparent and does not involve complex indices or contingent features. No capital protection or structured features are present. No significant counterparty risk or collateral management risks are disclosed. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund exhibits characteristics of a non-complex ETF under MiFID II."
}