{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco BulletShares 2028 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 2028 USD Corporate Bond UCITS ETF is a passively managed ETF that seeks to replicate the Bloomberg 2028 Maturity USD Corporate Bond Screened Index using a sampling technique. The replication method is physical, as confirmed by the factsheet and KIID, with no mention of synthetic replication or swap usage. The Fund may use derivatives only for risk management or cost reduction purposes, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The underlying assets are investment grade USD-denominated corporate bonds with fixed maturity in 2028, which are liquid and transparent securities. The Fund is UCITS compliant and does not employ capital protection or structured features. The risk profile is moderate-low (risk category 3-4), consistent with a straightforward bond ETF. Costs are simple with a low ongoing charge (0.10%) and no performance fees or complex fee structures. The PRIIPs KID does not carry any comprehension warnings or complexity flags. No significant counterparty risk or complex derivative counterparty exposure is disclosed. The Fund uses securities lending but this is standard and does not add complexity under MiFID II. Overall, the absence of synthetic replication, leverage, complex underlying assets, or structured features leads to a non-complex classification under MiFID II."
}