{
    "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 that seeks to replicate the Bloomberg 2030 Maturity USD Corporate Bond Screened Index using a sampling technique. The replication method is physical, as the fund holds a portfolio of USD-denominated investment grade corporate bonds with fixed maturity in 2030. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy. Derivatives are only used for risk management purposes such as currency hedging (FX forwards), which does not trigger complexity under MiFID II. The fund does not employ leverage, inverse or amplified exposure. The underlying assets are straightforward fixed-rate corporate bonds, investment grade, liquid and transparent. There are no capital protection or structured features. The risk profile is moderate (risk category 3-4 out of 7), consistent with a bond ETF. The PRIIPs KID does not include any comprehension warnings or complexity flags. Costs are simple, with a low ongoing charge (0.12%) and no performance fees or swap fees. Securities lending is used but is standard and disclosed. The monthly factsheet confirms physical replication, no use of swaps, and no leverage. The index tracked is a screened corporate bond index with ESG exclusions but no complex derivatives or contingent bonds. Therefore, the fund is classified as non-complex under MiFID II criteria."
}