{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Vanguard EUR Corporate Bond UCITS ETF",
    "investment_objective": "Passive management through physical acquisition of securities to track Bloomberg Euro-Aggregate: Corporates Index",
    "primary_asset_class": "Bond",
    "geographic_focus": "Eurozone corporate bonds",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fund uses physical replication with a representative sampling of Euro-denominated corporate bonds to track the Bloomberg Euro-Aggregate: Corporates Index. There is no mention of synthetic replication, swap agreements, or total return swaps. Derivatives are only used optionally for risk reduction or cost management, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk profile is moderate (risk level 4 in KIID, 2 in PRIIPs KID), consistent with a straightforward bond ETF. The Fund is UCITS compliant. The PRIIPs KID states the Fund is 'not simple and may be difficult to understand' but this is a standard caution for bond ETFs with currency hedging and does not indicate complexity under MiFID II. No capital protection or structured features are present. Costs are straightforward with a low ongoing charge (0.14%) and no performance fees or swap fees. The monthly factsheet confirms no use of swaps or synthetic replication. Overall, the Fund is a physical, non-leveraged, non-synthetic bond ETF with a clear, linear investment objective and transparent underlying assets, leading to a non-complex classification under MiFID II."
}