{
    "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 250 UCITS ETF is a physically replicated ETF that tracks the FTSE 250 Index by investing directly in the constituent securities. The KIID and factsheet indicate that derivatives are only used for efficient portfolio management (e.g., reducing risk or cost) and 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 in liquid, transparent securities. The risk profile is clearly disclosed, and the ETF is designed for long-term investment with a clear benchmark. The absence of complex structures, such as capital protection mechanisms or structured products, further supports the non-complex classification.",
    "confidence": 95
}