{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Fidelity Emerging Markets Quality Income UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fidelity Emerging Markets Quality Income UCITS ETF tracks the Fidelity Emerging Markets Quality Income Index using physical replication by holding all index securities in similar proportions. The KIID and PRIIPs KID confirm the fund uses a passive, full replication approach without synthetic replication or swap agreements. The fund may use derivatives only for efficient portfolio management and currency hedging, which does not constitute inherent derivative exposure. There is no leverage, inverse or amplified exposure mentioned. The underlying assets are equities from emerging markets, screened for ESG and fundamental quality, with no complex structured products or contingent bonds. The risk indicator is moderate (4 out of 7 in PRIIPs KID, 6 in MiFID KIID but consistent with equity risk), with no significant counterparty risk or capital protection features. Fees are straightforward with a single ongoing charge of 0.50%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication, no use of swaps, and a diversified portfolio of 134 equity holdings. No complexity flags such as capital guarantees, leverage, or complex derivatives are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}