{
    "ok": true,
    "_meta": {
        "isin": "IE00060Z4AE1",
        "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": "2026-06-14T09:46:46+00:00",
        "captured_unix": 1781430406
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    "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": "Nordea ETF, ICAV - BetaPlus Enhanced Global Developed Sustainable Equity UCITS ETF - USD ACC ETF Share Class",
    "isin": "IE00060Z4AE1",
    "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": true,
        "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": true,
        "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": [
            "Swap or FDI permission language identified",
            "Derivative powers appear permission-based rather than evidenced as core exposure",
            "Less liquid or harder-to-value underlying exposure language",
            "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 fund may use derivatives for hedging (reducing risks), efficient portfolio management and to seek investment gains."
        },
        {
            "source": "KIID",
            "signal": "derivatives_epm_only",
            "quote": "The fund may use derivatives for hedging (reducing risks), efficient portfolio management and to seek investment gains."
        },
        {
            "source": "KIID",
            "signal": "ucits",
            "quote": "Nordea ETF, ICAV - BetaPlus Enhanced Global Developed Sustainable Equity UCITS ETF - USD ACC ETF Share Class"
        },
        {
            "source": "PRIIPS_KID",
            "signal": "swaps",
            "quote": "Usage of Total Return Swaps Usage : None expected"
        },
        {
            "source": "PRIIPS_KID",
            "signal": "synthetic_replication",
            "quote": "Usage of Total Return Swaps Usage : None expected"
        },
        {
            "source": "PRIIPS_KID",
            "signal": "securities_lending",
            "quote": "Techniques and Instruments Usage : None expected"
        },
        {
            "source": "FACTSHEET",
            "signal": "securities_lending",
            "quote": "Securities Lending  No"
        },
        {
            "source": "FACTSHEET",
            "signal": "replication_method",
            "quote": "Top 10 holdings ... NVIDIA ... Microsoft ... Apple ... (all equities)"
        }
    ],
    "supporting_data": "UCITS physical ETF baseline applied. Policy mode: balanced. Product type: ETF. UCITS signal identified. Replication method: physical.",
    "missing_data": [],
    "warnings": [
        "illiquid_or_hard_to_value_underlying_identified",
        "swap_permission_language_identified_not_core_strategy"
    ],
    "sources": {
        "kiid": {
            "url": "https://oppl.ai/apy/doc_store/IE00060Z4AE1_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 10023,
            "error": null
        },
        "priips_kid": {
            "url": "https://oppl.ai/eu_kiids/en_txt/IE00060Z4AE1.txt",
            "found": true,
            "http_code": 200,
            "bytes": 16514,
            "error": null
        },
        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/IE00060Z4AE1_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 17786,
            "error": null
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE00060Z4AE1&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 548,
            "error": null
        }
    }
}