{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco BulletShares 2030 USD Corporate Bond UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Invesco BulletShares 2030 USD Corporate Bond UCITS ETF is a passively managed ETF aiming to replicate the Bloomberg 2030 Maturity USD Corporate Bond Screened Index using a sampling technique. The replication method is physical, as confirmed by the factsheet, with direct holdings in USD-denominated investment grade corporate bonds maturing in 2030. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or factsheet. The Fund may use derivatives only for risk management or cost reduction purposes, not as an inherent part of the investment strategy, which aligns with 'derivatives' = false. There is no leverage, inverse or amplified exposure. The risk profile is moderate (risk category 3-4), consistent with a straightforward bond ETF. The underlying assets are investment grade corporate bonds, liquid and transparent, with no complex structured products or contingent convertible bonds. No capital protection or structured features are present. Costs are simple, with a low ongoing charge (0.10%) and no performance fees. Securities lending is used but does not add complexity under MiFID II. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the ETF exhibits none of the complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex under MiFID II."
}