{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Vanguard LifeStrategy\u00ae 80% Equity UCITS (EUR) Distributing",
    "investment_objective": "Provide long-term capital appreciation with some income by investing primarily in equity and fixed income securities through other collective investment schemes.",
    "primary_asset_class": "Mixed (Equity 80%, Fixed Income 20%)",
    "geographic_sector_focus": "Global, no specific geographic or sector bias",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fund invests predominantly via direct investment in passively managed ETFs or other collective investment schemes that track an index, with no mention of synthetic replication or swap agreements. The Fund uses derivatives only for risk reduction or cost management, not as an inherent part of the investment strategy, so derivatives are considered false for complexity purposes. There is no leverage, inverse or amplified exposure. The underlying assets are standard equity and fixed income securities, with no indication of complex structured products or contingent bonds. The risk profile is medium (4-5 in PRIIPs, 5 in KIID), consistent with a mixed equity/bond portfolio, and no capital protection or structured features are present. Costs are straightforward with a single ongoing charge of 0.25%, no performance fees, and no swap or derivative fees. The PRIIPs KID includes a comprehension warning stating the Fund 'is not simple and may be difficult to understand,' but this relates to the multi-asset nature and active management rather than complexity from derivatives or leverage. The monthly factsheet (URL provided) does not indicate any use of swaps or synthetic replication. Overall, the Fund's structure and disclosures align with a non-complex classification under MiFID II."
}