{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco GBP 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 GBP Corporate Bond ESG UCITS ETF is a passively managed ETF aiming to track the Bloomberg MSCI Sterling Liquid Corporate ESG Weighted SRI Bond Index using a sampling approach. The fund uses physical replication, investing directly in investment grade sterling-denominated corporate bonds with ESG criteria applied. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or factsheet. Derivatives may be used only for risk management or cost reduction, not as an inherent part of the investment strategy, thus derivatives exposure is minimal and not complexity-driving. There is no leverage, inverse or amplified exposure. The underlying assets are straightforward fixed income securities, primarily investment grade corporate bonds, with no contingent convertible bonds or complex structured products. The risk profile is moderate (risk category 3-4), consistent with a bond ETF, and there are no capital protection or structured features. Costs are simple with a low ongoing charge (0.10%) and no performance fees or swap fees. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The fund is UCITS compliant and uses physical replication. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}