{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating",
    "investment_objective": "Passive management through physical acquisition of securities to track Bloomberg MSCI Global Corporate Float-Adjusted Liquid Bond Screened Index",
    "primary_asset_class": "Corporate fixed-rate bonds (investment grade)",
    "geographic_focus": "Global (developed and emerging markets)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF physically acquires a representative sample of investment grade corporate bonds to track a screened Bloomberg MSCI index. There is no mention of synthetic replication, swap agreements, or total return swaps. Derivatives are used only for risk or cost reduction and currency hedging, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage or inverse exposure. The risk rating is 4, which is moderate and typical for bond funds, and no capital protection or structured features are present. The fund is UCITS compliant and uses physical replication. Costs are straightforward with no performance fees or swap fees. The index tracked is a screened corporate bond index with ESG exclusions but does not involve complex structured products or contingent bonds. Counterparty risk is disclosed but limited to derivative counterparties for hedging purposes, not for synthetic replication. Overall, the fund's structure and strategy align with a non-complex classification under MiFID II."
}