{
    "fund_name": "Vanguard EUR Corporate Bond UCITS ETF USD HEDGED ACCUMULATING",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using derivatives",
        "Representative sampling of index",
        "Potential counterparty risk from derivatives"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication with representative sampling of the Bloomberg Euro-Aggregate: Corporates Index. While it may use derivatives for currency hedging and risk management, these are standard practices in bond ETFs and do not appear to be used for leverage or complex strategies. The risk profile is rated 4/7, which is moderate. There are no indications of synthetic replication, leverage, or inverse strategies. The use of derivatives is limited to hedging and does not appear to introduce significant complexity beyond what is typical for bond ETFs. The PRIIPs KID and factsheet do not indicate any additional complexity factors.",
    "confidence": 90
}