{
    "ok": true,
    "_meta": {
        "isin": "FR0010524777",
        "asset_scope": "UK_COMPLEX_ASSET",
        "policy_mode": "balanced",
        "policy_mode_description": "UCITS ETFs usually start from a non-complex baseline, but product-level complexity such as synthetic replication, swaps, leverage, inverse exposure, complex debt, commodity roll exposure, or comprehension warnings can override that baseline.",
        "classification_engine_version": "1.0.0",
        "prompt_version": "complex_asset_extract_v1",
        "captured_at_utc": "2026-06-10T15:45:00+00:00",
        "captured_unix": 1781106300
    },
    "classification": "complex",
    "confidence": 0.86,
    "review_required": false,
    "decision_rule_applied": "balanced_etf_synthetic_complex_rule",
    "product_policy_branch": "ETF",
    "fund_name": "Amundi MSCI New Energy UCITS ETF Dist",
    "isin": "FR0010524777",
    "type": "ETF",
    "ucits": true,
    "asset_class": "Equity",
    "replication_method": "physical",
    "signals": {
        "leveraged": false,
        "inverse": false,
        "derivatives_mentioned": false,
        "derivatives_core_strategy": false,
        "derivatives_epm_only": false,
        "swaps": false,
        "funded_swap": false,
        "unfunded_swap": false,
        "synthetic_replication": true,
        "counterparty_risk": false,
        "structured_payoff": false,
        "capital_protection": false,
        "commodity_futures_roll": false,
        "contango_backwardation": false,
        "coco_or_at1_exposure": false,
        "clo_exposure": false,
        "complex_index": false,
        "priips_comprehension_alert": false,
        "securities_lending": true,
        "illiquid_or_hard_to_value_underlying": true,
        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
    },
    "complex_factors": [
        "Synthetic replication"
    ],
    "non_complex_factors": [
        "UCITS fund",
        "Physical replication",
        "No leverage identified",
        "No inverse exposure identified"
    ],
    "consumer_understanding": {
        "risk_level": "elevated",
        "drivers": [
            "Synthetic or swap-based exposure",
            "Counterparty exposure may be relevant to returns or risk",
            "Less liquid or harder-to-value underlying exposure language",
            "UCITS ETF structure",
            "Physical replication or direct portfolio holdings"
        ],
        "plain_english_explanation": "The product appears to use synthetic or swap-based exposure. This may be difficult for ordinary retail clients to understand because returns can depend not only on the referenced market exposure but also on derivative mechanics, collateral arrangements and counterparty risk.",
        "appropriateness_note": "This is a product-level indicator of features that may affect general investor understanding. It does not determine whether the product is appropriate for a specific client and does not replace a client-specific appropriateness assessment."
    },
    "supporting_evidence": [
        {
            "source": "KIID",
            "signal": "ucits",
            "quote": "This Fund is managed by Amundi Asset Management, an Amundi Group company Objectives and investment policyThe Fund is a passively managed index-tracking UCITS."
        },
        {
            "source": "KIID",
            "signal": "replication_method physical",
            "quote": "The Fund aims to achieve its objective through direct replication, i.e. by investing primarily in the components of the Benchmark Index."
        },
        {
            "source": "PRIIPS_KID",
            "signal": "securities_lending",
            "quote": "In order to optimise Benchmark replication, the Fund may use a sampling technique as well as guaranteed temporary sales of securities."
        },
        {
            "source": "FACTSHEET",
            "signal": "replication_method physical",
            "quote": "Replication type : Physical"
        },
        {
            "source": "KIID",
            "signal": "priips_comprehension_alert false",
            "quote": "No wording such as 'You are about to purchase a product that is not simple and may be difficult to understand' found in the documents."
        }
    ],
    "supporting_data": "ETF has evidenced synthetic replication. Policy mode: balanced. Product type: ETF. UCITS signal identified. Replication method: physical.",
    "missing_data": [
        "complex_index: unclear whether ESG filtered index qualifies as complex; no specific evidence of complexity beyond standard equity index.",
        "counterparty_risk: not directly relevant; no derivative counterparty mentioned."
    ],
    "warnings": [
        "illiquid_or_hard_to_value_underlying_identified"
    ],
    "sources": {
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            "url": "https://oppl.ai/apy/doc_store/FR0010524777_KIID.txt",
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            "http_code": 200,
            "bytes": 9883,
            "error": null
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        "priips_kid": {
            "url": "https://oppl.ai/eu_kiids/en_txt/FR0010524777.txt",
            "found": true,
            "http_code": 200,
            "bytes": 14846,
            "error": null
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        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/FR0010524777_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 18345,
            "error": null
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=FR0010524777&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 718,
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}