{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Vanguard EUR Eurozone Government Bond UCITS ETF",
    "investment_objective": "Passive management through physical acquisition of securities to track Bloomberg Euro-Aggregate: Treasury Index",
    "primary_asset_class": "Bond",
    "geographic_focus": "Eurozone government bonds",
    "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 Eurozone government bonds to track the Bloomberg Euro-Aggregate: Treasury Index. The KIID and PRIIPs KID explicitly state the use of physical replication and representative sampling, with no mention of synthetic replication or swap agreements. Derivatives may be used only for risk or cost reduction, not as an inherent part of the investment strategy, thus derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk profile is moderate-low (4 in KIID, 3 in PRIIPs), consistent with a straightforward bond index fund. The fund invests in liquid, investment-grade government bonds with no complex underlying assets such as contingent convertible bonds or CLOs. The factsheet confirms no use of swaps or synthetic structures and a low portfolio turnover rate. Costs are simple with no performance fees or swap fees. The PRIIPs KID includes a standard comprehension warning that the product is 'not simple and may be difficult to understand,' but this is a generic statement for bond ETFs and does not reflect structural complexity. Overall, the fund meets the criteria for non-complex classification under MiFID II."
}