{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Finamex Mexico S&P/BMV International UMS Sovereign Bond 5-10yr UCITS ETF",
    "investment_objective": "Track the price and yield performance of the S&P/BMV Sovereign International UMS 5-10 Year Target Maturity 30% Capped Bond Index",
    "primary_asset_class": "bond",
    "geographic_focus": "Mexico (Mexican government securities issued outside Mexico in USD)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF employs a passive management strategy with a replication methodology that seeks to invest directly in the fixed income securities comprising the index in proportion to their weightings. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes. The fund is UCITS compliant and invests in liquid sovereign bonds with maturities between 5 and 10 years. The risk indicator is moderate (3 out of 7), indicating medium-low risk, and there is no leverage or inverse exposure. The PRIIPs KID explicitly states the fund is 'not simple' but does not indicate use of derivatives as an inherent strategy element, only possible use for risk management which does not trigger complexity. No capital protection or structured features are present. Costs are straightforward with no performance fees or swap fees. The fund tracks a transparent, rules-based sovereign bond index with capped constituents, and the underlying assets are liquid government bonds. No complex underlying assets such as contingent convertible bonds or CLOs are held. The absence of swap usage, leverage, or complex structured products supports a non-complex classification under MiFID II."
}