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        "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.",
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        "captured_at_utc": "2026-06-13T18:08:35+00:00",
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    "confidence": 0.88,
    "review_required": false,
    "decision_rule_applied": "balanced_etf_swap_complex_rule",
    "product_policy_branch": "ETF",
    "fund_name": "Global X SuperDividend\u00ae UCITS ETF",
    "isin": "IE00077FRP95",
    "type": "ETF",
    "ucits": true,
    "asset_class": "Equity",
    "replication_method": "synthetic",
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        "inverse": false,
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        "derivatives_epm_only": false,
        "swaps": true,
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        "unfunded_swap": true,
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        "counterparty_risk": true,
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        "capital_protection": false,
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        "contango_backwardation": false,
        "coco_or_at1_exposure": false,
        "clo_exposure": false,
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            "Derivatives appear core to the investment strategy",
            "Counterparty risk language identified"
        ],
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        "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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            "quote": "The Fund will aim to achieve its investment objective by attempting to track the performance of the Index by investing primarily in a portfolio of equity securities and derivatives ... and financial derivative instruments (\u201cFDIs\u201d), namely, total return \u201cunfunded\u201d OTC swaps and exchange-traded equity futures for investment purposes."
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            "quote": "total return \u201cunfunded\u201d OTC swaps"
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            "signal": "unfunded_swap",
            "quote": "total return \u201cunfunded\u201d OTC swaps"
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        {
            "source": "KIID",
            "signal": "synthetic_replication",
            "quote": "when not possible or practicable to continue to hold all of the component securities of the Index, the Fund may invest in ... financial derivative instruments (\u201cFDIs\u201d), namely, total return \u201cunfunded\u201d OTC swaps and exchange-traded equity futures for investment purposes."
        },
        {
            "source": "KIID",
            "signal": "counterparty_risk",
            "quote": "Derivatives are subject to counterparty risk (including potential loss of instruments)"
        },
        {
            "source": "KIID",
            "signal": "securities_lending",
            "quote": "The Fund may enter into securities lending transactions ... for the purposes of efficient portfolio management only."
        }
    ],
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        "physical_allocated_commodity",
        "crypto_digital_asset"
    ],
    "warnings": [
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    "sources": {
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            "http_code": 200,
            "bytes": 11523,
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            "http_code": 200,
            "bytes": 13307,
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            "http_code": 200,
            "bytes": 62,
            "error": null
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        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE00077FRP95&size=3",
            "found": true,
            "http_code": 200,
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