{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "The fund employs sampling techniques which can add complexity. There is credit risk, and interest rate risk that a retail investor might struggle to understand.The index is designed to reflect the performance of US dollar denominated taxable municipal debt publicly issued by US states and territories, and their political subdivisions, in the US domestic market. The index constituents are market capitalization weighted. The Index is rebalanced monthly. These factors increase the complexity.There may be a higher degree of credit risk with the holdings and less liquidity.",
        "classification": "non-complex",
        "supporting_data": "The Invesco US Municipal Bond UCITS ETF is presumed to be non-complex due to its UCITS compliance and its investment strategy. The ETF tracks the ICE BofA US Taxable Municipal Securities Plus Index using sampling techniques. The fund does not use derivatives or leverage. The index tracks US dollar denominated taxable municipal debt publicly issued by US states.The KID provides information on market risk and the risk profile.The fund is a non-complex investment. The fund is passively managed and replicates an index based on US municipal bonds using sampling. The index itself is not overly complex. While the fund invests in debt securities, the fact that it is a UCITS ETF with a transparent index supports a non-complex classification under MiFID II. The risks are related to the market and credit risk, which are standard risks for bond ETFs."
    }
}