{
    "fund_name": "Fidelity US Quality Income UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Fidelity US Quality Income Index, which consists of large and mid-cap dividend-paying US companies with quality fundamental characteristics. The fund does not use derivatives for leverage, inverse exposure, or synthetic replication. The index methodology is transparent and based on fundamental measures such as free cash flow margin, return on invested capital, and free cash flow stability. The fund is UCITS-compliant and has a straightforward investment objective of tracking the index. The risk profile is classified as 6, indicating a medium to high level of risk, but this is consistent with the underlying equity investments. The fund does not exhibit any of the complexity indicators such as synthetic replication, leverage, inverse exposure, or complex structured products. The use of derivatives is limited to efficient portfolio management and currency hedging, which is common in UCITS-compliant funds and does not trigger complexity under MiFID II.",
    "confidence": 95
}