{
    "type": "ETF",
    "ucits": true,
    "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 that physically replicates the Bloomberg 2030 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 or cost reduction purposes, not as an inherent part of the investment strategy, which does not trigger complexity under MiFID II. There is no leverage, inverse or amplified exposure. The underlying assets are investment grade USD-denominated corporate bonds with fixed coupons and maturities in 2030, which are liquid and transparent securities. The fund is UCITS compliant and has a risk rating of 4 (medium-low), consistent with a straightforward bond ETF. No capital protection or structured features are present. Costs are simple with a low ongoing charge and no performance fees or complex fee structures. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication, no synthetic or swap usage, and a straightforward bond portfolio. Therefore, the fund does not meet the MiFID II criteria for a complex financial instrument."
}