{
    "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 FTSE All-World UCITS ETF is a physically replicated ETF that tracks a broad, well-established equity index (FTSE All-World Index) using a representative sampling method. The KIID and factsheet indicate that derivatives are used only for risk reduction, cost efficiency, or generating extra income, not as a core part of the investment strategy. The ETF does not employ leverage, inverse strategies, or synthetic replication. It is UCITS-compliant, has a straightforward investment objective, and invests directly in liquid, transparent securities. The risk profile (SRRI 6) is consistent with a global equity fund, and there are no indications of complex underlying assets or capital protection mechanisms. The ETF provides daily liquidity and has a clear, linear relationship to its underlying index.",
    "confidence": 95
}