{
    "ok": true,
    "_meta": {
        "isin": "FR0010930644",
        "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": "2026-06-19T05:58:19+00:00",
        "captured_unix": 1781848699
    },
    "classification": "non-complex",
    "confidence": 0.82,
    "review_required": false,
    "decision_rule_applied": "etf_ucits_physical_no_complex_override_rule",
    "product_policy_branch": "ETF",
    "fund_name": "Amundi Global Hydrogen UCITS ETF Acc",
    "isin": "FR0010930644",
    "type": "ETF",
    "ucits": true,
    "asset_class": "Equity",
    "replication_method": "physical",
    "signals": {
        "leveraged": false,
        "inverse": false,
        "derivatives_mentioned": true,
        "derivatives_core_strategy": false,
        "derivatives_epm_only": true,
        "swaps": false,
        "funded_swap": false,
        "unfunded_swap": false,
        "synthetic_replication": false,
        "counterparty_risk": true,
        "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": false,
        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
    },
    "complex_factors": [],
    "non_complex_factors": [
        "UCITS fund",
        "Physical replication",
        "No leverage identified",
        "No inverse exposure identified",
        "Derivative use appears limited to EPM, hedging, or risk management"
    ],
    "consumer_understanding": {
        "risk_level": "moderate",
        "drivers": [
            "Counterparty risk language identified",
            "Derivative use appears limited to efficient portfolio management, hedging or risk management",
            "UCITS ETF structure",
            "Physical replication or direct portfolio holdings"
        ],
        "plain_english_explanation": "The product is identified as a UCITS ETF using physical replication or direct portfolio holdings. No leverage, inverse exposure, synthetic replication or structured payoff was identified. Derivative language appears limited to efficient portfolio management, hedging or risk-management style use rather than being the core investment exposure. Some ordinary market, credit, duration, liquidity or counterparty-risk language may still be present, but this does not by itself make the product complex.",
        "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": "derivatives_mentioned",
            "quote": "The Management Company may use derivatives to manage inflows and outflows and also if this provides better exposure to a component of the Index."
        },
        {
            "source": "KIID",
            "signal": "derivatives_epm_only",
            "quote": "The Management Company may use derivatives to manage inflows and outflows and also if this provides better exposure to a component of the Index."
        },
        {
            "source": "KIID",
            "signal": "counterparty_risk",
            "quote": "Counterparty risk: This is the risk that a market participant will default, preventing them from honouring their commitments in respect of your portfolio."
        },
        {
            "source": "KIID",
            "signal": "securities_lending",
            "quote": "In order to generate additional income to offset its costs, the Sub-fund may also enter into securities-lending transactions."
        },
        {
            "source": "KIID",
            "signal": "replication_method_physical",
            "quote": "Exposure to the Index will be achieved through direct replication, primarily by investing directly in transferable securities and/or other eligible assets representing the components of the Index in a very similar proportion to how they appear in the Index."
        },
        {
            "source": "FACTSHEET",
            "signal": "replication_method_physical",
            "quote": "Replication type : Physical"
        },
        {
            "source": "KIID",
            "signal": "ucits",
            "quote": "This Fund is approved in France and regulated by the French Market Regulator (AMF)."
        },
        {
            "source": "KIID",
            "signal": "ucits",
            "quote": "Amundi Global Hydrogen UCITS ETF Acc"
        }
    ],
    "supporting_data": "UCITS physical ETF baseline applied. Policy mode: balanced. Product type: ETF. UCITS signal identified. Replication method: physical.",
    "missing_data": [],
    "warnings": [
        "counterparty_risk_language_identified"
    ],
    "sources": {
        "kiid": {
            "url": "https://oppl.ai/apy/doc_store/FR0010930644_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 8078,
            "error": null
        },
        "priips_kid": {
            "url": "https://oppl.ai/eu_kiids/en_txt/FR0010930644.txt",
            "found": true,
            "http_code": 200,
            "bytes": 15743,
            "error": null
        },
        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/FR0010930644_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 14647,
            "error": null
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=FR0010930644&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 273,
            "error": null
        }
    }
}