{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco USD IG Corporate Bond ESG UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Invesco USD IG Corporate Bond ESG UCITS ETF is a passively managed ETF aiming to track the Bloomberg MSCI USD Liquid Corporate ESG Weighted SRI Bond Index using a physical replication method with sampling. The KIID and PRIIPs KID documents confirm that the fund invests directly in investment grade corporate bonds, with no mention of synthetic replication, swap agreements, or total return swaps. Derivatives are only used for risk management purposes such as currency hedging (FX forwards) and possibly to reduce costs or generate additional income, but not as an inherent part of the investment strategy. There is no leverage, inverse or amplified exposure. The underlying assets are investment grade fixed-rate corporate bonds, which are liquid and transparent. The risk profile is moderate (risk category 3-4), consistent with investment grade bond exposure, and there are no capital protection or structured features. Costs are straightforward with a low ongoing charge (0.12%) and no performance fees. The fund is UCITS compliant and uses physical replication with representative sampling. The monthly factsheet confirms negligible use of derivatives or cash (0.23%), no swap usage, and no complex underlying assets such as contingent convertible bonds or CLOs. There are no complexity flags such as capital guarantees, leverage, or significant counterparty risk. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}