{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Sprott Junior Uranium Miners UCITS ETF",
    "investment_objective": "Track the Nasdaq Sprott Junior Uranium Miners Index, a rules-based index of global mid and small cap uranium mining, exploration, development companies and uranium royalties",
    "primary_asset_class": "Equity",
    "geographic_sector_focus": "Global uranium mining and related companies",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses a passive management strategy with physical replication, investing directly in equity securities of companies in proportion to the index weightings. There is no mention of synthetic replication, swap agreements, or derivative instruments as part of the investment strategy. The fund is UCITS compliant and does not employ leverage or inverse exposure. The risk profile is high (6 out of 7) due to the underlying sector volatility (uranium mining equities) and commodity exposure, but this does not imply complexity under MiFID II. No capital protection or structured features are present. Costs are straightforward with a single ongoing charge of 0.85%, no performance fees, and some securities lending revenue sharing. The PRIIPs KID includes a comprehension warning stating the product 'is not simple and may be difficult to understand,' which relates to the sector and market volatility rather than structural complexity. No references to swaps, total return swaps, or counterparty risk are found. The fund invests in liquid, transparent equity securities with no complex underlying assets such as contingent convertible bonds or CLOs. Therefore, the ETF is classified as non-complex under MiFID II."
}