{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fidelity Europe Quality Income UCITS ETF is a UCITS-compliant equity ETF that physically replicates the Fidelity Europe Quality Income 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, total return swaps, or counterparty risk exposure. The fund does not use leverage or inverse exposure, and the risk indicator is moderate (4 out of 7 in PRIIPs KID, 6 in KIID but consistent with equity risk). The underlying assets are large and mid-cap dividend-paying European equities screened for ESG and quality factors, with no complex structured products or contingent bonds. The monthly factsheet confirms physical replication, no use of swaps, and a straightforward index tracking approach. Costs are simple with no performance fees or swap fees. There are no capital protection or structured features. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the fund exhibits none of the complexity indicators under MiFID II and is therefore classified as non-complex."
}