{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fidelity Global Quality Income UCITS ETF is a physically replicated ETF that tracks the Fidelity Global Quality Income Index. It uses a passive investment approach and holds the underlying securities directly. While the KIID mentions the use of derivatives for efficient portfolio management and currency hedging, these are standard practices for EPM (Efficient Portfolio Management) and do not introduce complexity under MiFID II rules. The fund does not employ leverage, inverse strategies, or synthetic replication. The risk profile is clearly disclosed, and the fund is UCITS-compliant, which imposes strict transparency and liquidity requirements. The index it tracks is straightforward, focusing on large and mid-cap dividend-paying companies with ESG characteristics, and there are no indications of complex underlying assets or structured features.",
    "confidence": 95
}