{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco BulletShares 2026 USD Corporate Bond UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fund is a UCITS-compliant ETF that physically replicates the Bloomberg 2026 Maturity USD Corporate Bond Screened Index using a sampling technique. There is no indication of synthetic replication or use of swap agreements or total return swaps. The Fund may use derivatives only for risk management and currency hedging purposes, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure mentioned. The underlying assets are investment grade USD-denominated corporate bonds with fixed coupons and maturities in 2026, which are liquid and transparent securities. The risk profile is moderate (risk category 4), consistent with a straightforward bond ETF. No capital protection or structured features are present. Costs are simple with a low ongoing charge (0.12%) and no performance fees. Securities lending is used but is a common practice and does not add complexity. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication, no use of swaps, and no leverage. Overall, the ETF exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}