{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF uses derivatives to manage currency risk and may have limited derivative use for EPM. The KID document does not mention any particularly complex components.",
        "classification": "non-complex",
        "supporting_data": "The Vanguard Global Government Bond UCITS ETF primarily uses physical replication to track its index and uses derivatives to hedge currency risk. This aligns with the guidance that limited derivative use for risk management is likely non-complex. The fund's objective is to track a transparent index, and its structure appears straightforward. Therefore, based on the provided information, and the regulatory guidance on the use of derivatives for EPM, the ETF should be classified as non-complex."
    }
}