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        "isin": "IE0008QIFH42",
        "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": "2026-06-26T04:57:04+00:00",
        "captured_unix": 1782449824
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    "confidence": 0.93,
    "review_required": false,
    "decision_rule_applied": "etf_coco_or_at1_exposure_hard_complex_rule",
    "product_policy_branch": "ETF",
    "fund_name": "JPM EUR Aggregate Bond Active UCITS ETF - EUR (dist)",
    "isin": "IE0008QIFH42",
    "type": "ETF",
    "ucits": true,
    "asset_class": "fixed_income",
    "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": true,
        "clo_exposure": false,
        "complex_index": false,
        "priips_comprehension_alert": false,
        "securities_lending": false,
        "illiquid_or_hard_to_value_underlying": true,
        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
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        "No inverse exposure identified"
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        "risk_level": "high",
        "drivers": [
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            "Loss absorption, conversion or write-down mechanics may be difficult to understand",
            "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",
            "Fixed income credit and duration risk"
        ],
        "plain_english_explanation": "The product appears to have exposure to CoCo or AT1-style instruments. These can be difficult to understand because they may include loss absorption, conversion or write-down mechanics that behave differently from ordinary bonds.",
        "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": [
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            "source": "KIID",
            "signal": "derivatives_mentioned",
            "quote": "The Sub-Fund may, for investment purposes and efficient portfolio management purposes, use financial derivative instruments."
        },
        {
            "source": "KIID",
            "signal": "derivatives_epm_only",
            "quote": "The Sub-Fund may, for investment purposes and efficient portfolio management purposes, use financial derivative instruments."
        },
        {
            "source": "KIID",
            "signal": "ucits",
            "quote": "JPM EUR Aggregate Bond Active UCITS ETF - EUR (dist) a Share Class of JPMorgan ETFs (Ireland) ICAV \u2013 EUR Aggregate Bond Active UCITS ETF"
        },
        {
            "source": "PRIIPS_KID",
            "signal": "ucits",
            "quote": "This product is a UCITS exchange traded fund or 'UCITS ETF'."
        },
        {
            "source": "FACTSHEET",
            "signal": "replication_method",
            "quote": "The Sub-Fund will hold a portfolio of debt securities (which may include but will not be limited to the Benchmark Securities) which is actively selected and managed"
        },
        {
            "source": "KIID",
            "signal": "asset_class",
            "quote": "actively investing primarily in a portfolio of Euro-denominated investment grade debt securities"
        }
    ],
    "supporting_data": "Hard complex product feature identified: CoCo or AT1 bond exposure. Policy mode: strict. Product type: ETF. UCITS signal identified. Replication method: physical.",
    "missing_data": [],
    "warnings": [
        "illiquid_or_hard_to_value_underlying_identified"
    ],
    "sources": {
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            "url": "https://oppl.ai/apy/doc_store/IE0008QIFH42_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 14012,
            "error": null
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            "url": "https://oppl.ai/eu_kiids/en_txt/IE0008QIFH42.txt",
            "found": true,
            "http_code": 200,
            "bytes": 18946,
            "error": null
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        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/IE0008QIFH42_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 10452,
            "error": null
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE0008QIFH42&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 618,
            "error": null
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}