{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Invesco BulletShares 2029 USD Corporate Bond UCITS ETF aims to replicate the Bloomberg 2029 Maturity USD Corporate Bond Screened Index using a sampling technique, which is a form of physical replication rather than synthetic replication. The KIID explicitly states that the Fund may use derivatives only for risk management, cost reduction, or generating additional capital or income, but these are ancillary and not inherent to the investment strategy, so derivatives are marked false. There is no mention of swap agreements, total return swaps, or counterparty exposure, and no leverage or inverse exposure is indicated. The Fund invests directly in USD denominated investment grade corporate bonds with fixed maturity, which are liquid and transparent securities. The risk profile is moderate (risk category 4), consistent with a bond ETF without complex features. No capital protection, structured features, or contingent bonds are present. Costs are straightforward with no performance fees or swap fees. The Fund is UCITS compliant and regulated by the Central Bank of Ireland. No complexity flags such as synthetic replication, leverage, or complex underlying assets are identified. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}