{
    "ok": true,
    "_meta": {
        "isin": "IE0005AJA0P1",
        "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": "2026-06-25T20:58:16+00:00",
        "captured_unix": 1782421096
    },
    "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": "L&G Global Quality Dividends UCITS ETF",
    "isin": "IE0005AJA0P1",
    "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": 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": 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": "low",
        "drivers": [
            "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": "Where consistent with its investment objective, the Fund may also invest in the following additional assets: companies that are not component securities of the Index, Depositary Receipts, Financial Derivative Instruments."
        },
        {
            "source": "KIID",
            "signal": "derivatives_epm_only",
            "quote": "Where consistent with its investment objective, the Fund may also invest in ... Financial Derivative Instruments ... The Fund will seek to track the performance of the Index ... by investing primarily in an optimised portfolio of equity securities."
        },
        {
            "source": "KIID",
            "signal": "securities_lending",
            "quote": "The Fund may, in addition, employ other techniques relating to transferable securities, including entering into securities lending transactions."
        },
        {
            "source": "FACTSHEET",
            "signal": "replication_method",
            "quote": "Replication method Physical - optimised"
        },
        {
            "source": "KIID",
            "signal": "ucits",
            "quote": "Key Investor Information ... The Fund is a sub-fund of Legal & General UCITS ETF Plc"
        }
    ],
    "supporting_data": "UCITS physical ETF baseline applied. Policy mode: strict. Product type: ETF. UCITS signal identified. Replication method: physical.",
    "missing_data": [],
    "warnings": [],
    "sources": {
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            "url": "https://oppl.ai/apy/doc_store/IE0005AJA0P1_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 9234,
            "error": null
        },
        "priips_kid": {
            "url": "https://oppl.ai/eu_kiids/en_txt/IE0005AJA0P1.txt",
            "found": true,
            "http_code": 200,
            "bytes": 12115,
            "error": null
        },
        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/IE0005AJA0P1_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 24387,
            "error": null
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE0005AJA0P1&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 646,
            "error": null
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}