{
    "fund_name": "Fidelity Global 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 Global Quality Income Index, which consists of large and mid-cap dividend-paying companies from developed markets. The fund does not employ leverage, inverse strategies, or synthetic replication methods. It invests directly in the underlying securities of the index, with no mention of swaps, derivatives, or complex structured products. The risk profile is classified as 6 (medium-high), but this is primarily due to the inherent volatility of equity markets rather than structural complexity. The fund is UCITS-compliant, which further supports its non-complex classification. The use of derivatives is limited to efficient portfolio management (e.g., currency hedging), which does not trigger complexity under MiFID II. The index methodology is transparent, and the fund's holdings are publicly disclosed, making it suitable for retail investors.",
    "confidence": 95
}