{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing",
    "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, including 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. The Fund may use derivatives only for risk or cost reduction or to generate extra income, but this is ancillary and not inherent to the investment strategy, so derivatives are marked false. There is no leverage or inverse exposure. The risk profile is moderate (risk level 4), consistent with investment grade corporate bonds and currency hedging. The Fund is UCITS compliant and uses physical replication. The underlying assets are straightforward corporate bonds, not complex structured products or contingent convertible bonds. No capital protection or structured features are present. Costs are simple with no performance fees or swap fees. The PRIIPs and factsheet confirm no synthetic or leveraged elements. Overall, the ETF is non-complex under MiFID II criteria."
}