{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Vanguard Global Aggregate Bond UCITS ETF employs a physical replication method to track the Bloomberg Global Aggregate Float Adjusted and Scaled Index. It invests directly in a representative sample of bonds included in the index, with no indication of leverage, inverse strategies, or synthetic replication. While derivatives are mentioned for risk reduction or cost efficiency, they are not used as a core strategy, and the fund's risk profile (SRRI 4) is consistent with its underlying assets. The fund is UCITS-compliant, transparent, and designed for long-term investment with clear risk disclosures. The absence of complex structures, capital protection mechanisms, or illiquid assets further supports its non-complex classification.",
    "confidence": 95
}