{
    "type": "ETF",
    "ucits": true,
    "fund_name": "FinEx Tradable Russian Corporate Bonds UCITS ETF",
    "investment_objective": "Track the performance of the Bloomberg EM Tradable Russian Corporate Bond (EMRUS) Index",
    "primary_asset_class": "bond",
    "geographic_focus": "Russia",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Fund aims to track a bond index by investing directly in bonds included in the Bloomberg EM Tradable Russian Corporate Bond Index or comparable bonds if some are unavailable. The KIID explicitly states the Fund invests in bonds, with no mention of synthetic replication, swap agreements, or derivative instruments as part of the investment strategy. The risk/reward indicator is moderate (level 4), consistent with bond market volatility, and there is no indication of leverage, inverse exposure, or capital protection features. Charges are straightforward with no performance fees or swap fees. The Fund is UCITS compliant, which typically restricts complex derivative usage. The risk disclosures mention counterparty risk only in relation to service providers, not derivative counterparties, indicating minimal derivative exposure. No PRIIPs KID or factsheet information was provided to suggest additional complexity such as synthetic replication or leverage. Therefore, the ETF is classified as non-complex under MiFID II criteria."
}