{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "None identified.",
        "classification": "non-complex",
        "supporting_data": "The Fidelity US Quality Income UCITS ETF aims to replicate the Fidelity US Quality Income Index by holding all of the Index securities in a similar proportion to their weighting in the Index.  This is a passive investment strategy, focusing on physical replication, which generally signifies a non-complex structure. The fund may use derivatives for efficient portfolio management (e.g., hedging purposes).  Derivative use for hedging does not automatically imply complexity if the impact on the overall risk-return profile is minimal.  The ESG characteristics of the underlying index may slightly increase complexity for some investors, but the general information provided does not suggest major difficulty in understanding the ETF's structure, risks, and payoff. The key takeaway is that the fund's stated investment approach is straightforward, relying on direct holdings of underlying securities and allowing for a non-complex categorization in line with MiFID II guidelines."
    }
}