{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Vanguard LifeStrategy\u00ae 60% Equity UCITS ETF primarily invests in other UCITS ETFs and collective investment schemes that track indices, using direct investment in underlying securities rather than synthetic replication. There is no mention of swap agreements, total return swaps, or derivative instruments used for replication purposes. Derivatives may be used only for risk reduction or cost management, not as an inherent part of the investment strategy, so derivatives are marked false. The fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is moderate (risk level 3-4), consistent with a balanced equity/fixed income portfolio, and there are no capital protection or structured features. Costs are straightforward with no performance fees or swap fees. The PRIIPs KID explicitly states the fund is 'not simple and may be difficult to understand' but this relates to the multi-asset nature and underlying fund holdings rather than complexity from derivatives or leverage. The monthly factsheet (URL provided) confirms no synthetic replication or swap usage. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}