{
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The Vanguard ESG EUR Corporate Bond UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent, investment-grade corporate bond index. It uses derivatives only for efficient portfolio management (EPM), such as risk reduction or cost management, not as a core part of its investment strategy. The ETF's structure, risks, and objectives are straightforward and disclosed in a Key Investor Information Document (KIID), making it easily understandable for retail investors with basic knowledge. There is no significant leverage, no use of swaps or synthetic replication, and no embedded derivatives or complex features that would introduce opacity or advanced risks. The UCITS presumption of non-complexity applies, and no features override this presumption in this case[1]. The ETF's risk profile reflects market and credit risks typical of corporate bond funds, not structural complexity."
}