{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF tracks an index that takes into account ESG characteristics. The fund uses derivatives for efficient portfolio management and currency hedging purposes.",
        "classification": "non-complex",
        "supporting_data": "The Fidelity US Quality Income UCITS ETF primarily employs physical replication to track the Fidelity US Quality Income Index. The fund's investment policy involves tracking the index performance as closely as possible. Derivatives are used for efficient portfolio management and currency hedging, which indicates risk mitigation rather than a complex strategy. The KID states the index is designed to reflect the performance of stocks of large and mid-capitalization dividend paying US companies that exhibit quality fundamental characteristics. The fundu2019s structure, replication method, and the transparent nature of the underlying index support a non-complex classification. While the use of derivatives can sometimes raise complexity concerns, in this case, they are used for EPM and currency hedging, which is generally non-complex. The risk profile of the fund is categorized as 6/7, indicating high market volatility, but does not inherently make the structure complex."
    }
}