{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Vanguard EUR Eurozone Government Bond UCITS ETF is a physically replicated ETF that invests in a representative sample of bonds from the Bloomberg Euro-Aggregate: Treasury Index. The fund uses physical acquisition of securities and does not employ synthetic replication or derivatives for investment purposes. The only mention of derivatives is for potential risk management or cost reduction, which is standard for many ETFs and does not trigger complexity under MiFID II. The fund's risk profile is rated 4, which is moderate, and the underlying assets (government bonds) are relatively straightforward. There is no leverage, inverse exposure, or complex structured features. The fund is UCITS-compliant, which typically indicates a lower complexity level. The PRIIPs KID does not contain a comprehension warning, further supporting the non-complex classification.",
    "confidence": 95
}