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        "isin": "IE000FG3UNB8",
        "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": "2026-06-29T19:05:22+00:00",
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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": "Invesco EUR AT1 CoCo Bond UCITS ETF",
    "isin": "IE000FG3UNB8",
    "type": "ETF",
    "ucits": true,
    "asset_class": "bond",
    "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": true,
        "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": true,
        "securities_lending": true,
        "illiquid_or_hard_to_value_underlying": true,
        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
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        "Physical replication",
        "No leverage identified",
        "No inverse exposure identified"
    ],
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        "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",
            "Counterparty risk language identified",
            "PRIIPs comprehension alert 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"
        ],
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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 may use derivative instruments for the purposes of managing risk, reducing costs, generating additional capital or income."
        },
        {
            "source": "KIID",
            "signal": "derivatives_epm_only",
            "quote": "The Fund may use derivative instruments for the purposes of managing risk, reducing costs, generating additional capital or income."
        },
        {
            "source": "KIID",
            "signal": "counterparty_risk",
            "quote": "Securities Lending Risk: The Fund may be exposed to the risk of the borrower defaulting on its obligation to return the securities at the end of the loan period and of being unable to sell the collateral provided to it if the borrower defaults."
        },
        {
            "source": "KIID",
            "signal": "coco_or_at1_exposure",
            "quote": "The objective of the Fund is to provide exposure to the performance of Euro denominated Additional Tier 1 contingent convertible bonds issued by banks from global developed market countries."
        },
        {
            "source": "KIID",
            "signal": "priips_comprehension_alert",
            "quote": "You are about to purchase a product that is not simple and may be difficult to understand."
        },
        {
            "source": "KIID",
            "signal": "securities_lending",
            "quote": "The Fund may engage in securities lending, whereby 90% of the revenues arising from securities lending will be returned to the Fund and 10% of the revenues will be retained by the securities lending agent."
        },
        {
            "source": "KIID",
            "signal": "illiquid_or_hard_to_value_underlying",
            "quote": "Other notable risks of these bonds include liquidity and default risk."
        },
        {
            "source": "FACTSHEET",
            "signal": "replication_method",
            "quote": "Replication method: Physical"
        },
        {
            "source": "KIID",
            "signal": "ucits",
            "quote": "This Fund is authorised in Ireland and regulated by the Central Bank of Ireland."
        }
    ],
    "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",
        "counterparty_risk_language_identified"
    ],
    "sources": {
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            "http_code": 200,
            "bytes": 12783,
            "error": null
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            "found": true,
            "http_code": 200,
            "bytes": 15697,
            "error": null
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        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/IE000FG3UNB8_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 25184,
            "error": null
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        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE000FG3UNB8&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 61,
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}