{
    "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 Quality Income UCITS ETF is a UCITS-compliant equity ETF that physically replicates the Fidelity Global Quality Income Index by holding all index securities in similar proportions. The fund uses a passive index tracking approach with no leverage or inverse exposure. Derivatives are only used for efficient portfolio management and currency hedging, not as an inherent part of the investment strategy, so derivative use is considered non-complex. There is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The risk profile is medium (4 out of 7 in PRIIPs KID), consistent with a straightforward equity income strategy. The fund invests in liquid, large and mid-cap developed market equities with ESG integration, and does not hold complex underlying assets such as contingent convertible bonds or structured products. Costs are simple with a single ongoing charge of 0.45%, no performance fees, and no swap or derivative fees disclosed. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication, no leverage, and a diversified portfolio of 251 holdings. Overall, the ETF exhibits none of the MiFID II complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection features, leading to a non-complex classification."
}