{
    "ok": true,
    "_meta": {
        "isin": "IE0000P0RPE6",
        "asset_scope": "UK_COMPLEX_ASSET",
        "policy_mode": "strict",
        "policy_mode_description": "Any material derivative, swap, synthetic, complex underlying, structured payoff, roll-cost, leverage, inverse, or PRIIPs warning signal can drive complex classification.",
        "classification_engine_version": "1.0.0",
        "prompt_version": "complex_asset_extract_v1",
        "captured_at_utc": "2026-06-29T20:12:23+00:00",
        "captured_unix": 1782763943
    },
    "classification": "complex",
    "confidence": 0.82,
    "review_required": false,
    "decision_rule_applied": "strict_etf_core_derivatives_complex_rule",
    "product_policy_branch": "ETF",
    "fund_name": "iShares World Equity High Income Active UCITS ETF",
    "isin": "IE0000P0RPE6",
    "type": "ETF",
    "ucits": true,
    "asset_class": "Equity",
    "replication_method": "physical",
    "signals": {
        "leveraged": false,
        "inverse": false,
        "derivatives_mentioned": true,
        "derivatives_core_strategy": true,
        "derivatives_epm_only": false,
        "swaps": true,
        "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": [
        "Derivatives core to strategy"
    ],
    "non_complex_factors": [
        "UCITS fund",
        "Physical replication",
        "No leverage identified",
        "No inverse exposure identified"
    ],
    "consumer_understanding": {
        "risk_level": "elevated",
        "drivers": [
            "Swap or FDI permission language identified",
            "Derivative powers appear permission-based rather than evidenced as core exposure",
            "Derivatives appear core to the investment strategy",
            "Counterparty risk language identified",
            "UCITS ETF structure",
            "Physical replication or direct portfolio holdings"
        ],
        "plain_english_explanation": "The available evidence identifies features that may affect ordinary retail investor understanding. The assessment describes product-level mechanics only and does not judge the knowledge or experience of a specific client.",
        "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": "equity-related instruments (namely, call options, futures and swaps)"
        },
        {
            "source": "KIID",
            "signal": "derivatives_core_strategy",
            "quote": "use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) for investment purposes in order to achieve the investment objective of the Fund"
        },
        {
            "source": "KIID",
            "signal": "swaps",
            "quote": "equity-related instruments (namely, call options, futures and swaps)"
        },
        {
            "source": "KIID",
            "signal": "counterparty_risk",
            "quote": "Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Share Class to financial loss."
        },
        {
            "source": "KIID",
            "signal": "securities_lending",
            "quote": "To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated"
        },
        {
            "source": "KIID",
            "signal": "derivatives_epm_only",
            "quote": "use financial derivative instruments (FDIs) ... and/or to reduce risk within the Fund\u2019s portfolio, reduce investment costs and generate additional income"
        }
    ],
    "supporting_data": "ETF has core derivative exposure. Policy mode: strict. Product type: ETF. UCITS signal identified. Replication method: physical.",
    "missing_data": [
        "Funded/unfunded swap distinction not specified",
        "Structured payoff not mentioned",
        "Capital protection not mentioned"
    ],
    "warnings": [
        "counterparty_risk_language_identified",
        "swap_permission_language_identified_not_core_strategy"
    ],
    "sources": {
        "kiid": {
            "url": "https://oppl.ai/apy/doc_store/IE0000P0RPE6_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 11075,
            "error": null
        },
        "priips_kid": {
            "url": "https://oppl.ai/eu_kiids/en_txt/IE0000P0RPE6.txt",
            "found": true,
            "http_code": 200,
            "bytes": 15966,
            "error": null
        },
        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/IE0000P0RPE6_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 11045,
            "error": null
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE0000P0RPE6&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 61,
            "error": null
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    }
}