{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The fund invests in uranium companies, which can be impacted by commodity price fluctuations. The index methodology and semi-annual rebalancing introduce complexity. Risks of underlying securities can be affected by daily financial market movements. There is emerging market risk and currency risk. Uranium companies risk including the effects of competitive pressures and the price of uranium. Also there is tracking error risk. Securities lending is noted in the KIID.",
        "classification": "non-complex",
        "supporting_data": "The Sprott Uranium Miners UCITS ETF, while focused on a specific sector (uranium mining), primarily employs physical replication, which supports a non-complex classification. The ETF tracks the North Shore Sprott Uranium Miners Index, which, while focused on a niche sector, is governed by a rules-based methodology. The fund uses an accumulating share class. The ETF includes commodity exposure risk and Uranium companies risk including the effects of competitive pressures and the price of uranium. Securities lending is a secondary feature in this case and is well-managed within UCITS rules (e.g., collateral requirements), the ETF can remain non-complex. The fund does not use leverage. The KID highlights market volatility and sector-specific risks, which do not automatically make the ETF complex. The ETF is listed on regulated markets, and the index is transparent and well-documented."
    }
}