{
    "fund_name": "Sprott Uranium Miners UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Commodity exposure risk",
        "Geographical concentration risk",
        "Energy sector risk",
        "Tracking error risk",
        "Liquidity risk"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the North Shore Sprott Uranium Miners Index, which consists of publicly listed uranium mining companies. There is no mention of synthetic replication, swaps, or leverage in the KIID. The primary risks are commodity exposure, geographical concentration, and sector-specific risks, which are typical for thematic ETFs. The fund does not use derivatives for leverage or inverse exposure, and the replication method is straightforward. The risk profile is clearly disclosed, and the fund is UCITS-compliant, indicating it is designed for retail investors. The absence of complex structures like capital protection or structured products further supports the non-complex classification.",
    "confidence": 90
}