{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Invesco USD IG Corporate Bond ESG UCITS ETF is a UCITS-compliant ETF that aims to track the Bloomberg MSCI USD Liquid Corporate ESG Weighted SRI Bond Index using a physical sampling replication method. It employs sampling techniques to select securities but does not rely on synthetic replication or total return swaps. The fund may use derivatives only for risk management purposes, such as hedging or cost reduction, which is consistent with efficient portfolio management (EPM) and does not make derivatives integral to the investment objective. There is no indication of embedded derivatives or structured products within the ETF. The fund's underlying index is transparent, based on investment grade corporate bonds with ESG criteria, and the ETF's structure and risks (market volatility, credit risk, interest rate risk) are straightforward and understandable by retail investors with basic knowledge. Securities lending is used but managed within UCITS rules and does not dominate the risk profile. There is no significant leverage beyond UCITS limits. According to MiFID II Article 25(4)(a)(iv) and Article 57 of the Commission Delegated Regulation, UCITS ETFs that use physical replication and limited derivative use for EPM with transparent underlying indices are classified as non-complex. The fund does not embed derivatives that would trigger complexity, nor does it have features such as leverage or capital protection structures that would increase complexity. Therefore, under MiFID II and ESMA guidelines, this ETF is classified as non-complex."
}