{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fidelity Global Quality Income UCITS ETF is classified as non-complex under MiFID II regulations. The fund uses physical replication to track the Fidelity Global Quality Income Index, which consists of large and mid-capitalization dividend-paying companies from developed countries. The fund does not employ leverage, inverse strategies, or synthetic replication methods. Derivatives are only used for efficient portfolio management and currency hedging, not as a core part of the investment strategy. The fund is UCITS-compliant, which imposes strict regulatory requirements ensuring transparency and investor protection. The risk level is classified as 6, but this is due to market volatility rather than structural complexity. The fund's straightforward index-tracking approach, lack of complex financial instruments, and adherence to UCITS regulations support its non-complex classification.",
    "confidence": 95
}