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        "asset_scope": "UK_COMPLEX_ASSET",
        "policy_mode": "ucits_default",
        "policy_mode_description": "UCITS ETFs default to non-complex unless leverage, inverse exposure, structured payoff, complex underlyings, or explicit comprehension-warning language is identified.",
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    "product_policy_branch": "ETF",
    "fund_name": "iShares S&P 500 Swap UCITS ETF Hedged GBP Dist",
    "isin": "IE0001OGLP52",
    "type": "ETF",
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    "asset_class": "Equity",
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        "inverse": false,
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        "derivatives_core_strategy": true,
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        "capital_protection": false,
        "commodity_futures_roll": false,
        "contango_backwardation": false,
        "coco_or_at1_exposure": false,
        "clo_exposure": false,
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        "securities_lending": true,
        "illiquid_or_hard_to_value_underlying": false,
        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
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        "No inverse exposure identified"
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        "drivers": [
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            "Counterparty exposure may be relevant to returns or risk",
            "Derivatives appear core to the investment strategy",
            "Counterparty risk language identified"
        ],
        "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."
    },
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            "signal": "swaps",
            "quote": "The Fund is passively managed and invests in financial derivative instruments (FDIs). In particular, it will enter into unfunded total return swaps in order to achieve its investment objective."
        },
        {
            "source": "FACTSHEET",
            "signal": "synthetic_replication",
            "quote": "Methodology : Swap; Product Structure : Synthetic"
        }
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    "supporting_data": "UCITS ETF baseline applied. Policy mode: ucits_default. Product type: ETF. UCITS signal identified. Replication method: synthetic.",
    "missing_data": [
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    ],
    "warnings": [
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            "http_code": 200,
            "bytes": 15944,
            "error": null
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            "url": "https://oppl.ai/apy/doc_store/IE0001OGLP52_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 11919,
            "error": null
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        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE0001OGLP52&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 280,
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