{
    "ok": true,
    "_meta": {
        "isin": "IE000HFBJ0U0",
        "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": "2026-06-24T05:34:39+00:00",
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    "confidence": 0.86,
    "review_required": false,
    "decision_rule_applied": "strict_etf_synthetic_complex_rule",
    "product_policy_branch": "ETF",
    "fund_name": "First Trust Vest Nasdaq-100\u00ae Moderate Buffer UCITS ETF - June",
    "isin": "IE000HFBJ0U0",
    "type": "ETF",
    "ucits": true,
    "asset_class": "Equity",
    "replication_method": "synthetic",
    "signals": {
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        "inverse": false,
        "derivatives_mentioned": true,
        "derivatives_core_strategy": true,
        "derivatives_epm_only": false,
        "swaps": false,
        "funded_swap": false,
        "unfunded_swap": false,
        "synthetic_replication": true,
        "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": false,
        "illiquid_or_hard_to_value_underlying": false,
        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
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    "non_complex_factors": [
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        "No leverage identified",
        "No inverse exposure identified"
    ],
    "consumer_understanding": {
        "risk_level": "elevated",
        "drivers": [
            "Synthetic or swap-based exposure",
            "Counterparty exposure may be relevant to returns or risk",
            "Derivatives appear core to the investment strategy"
        ],
        "plain_english_explanation": "The product appears to use synthetic or swap-based exposure. This may be difficult for ordinary retail clients to understand because returns can depend not only on the referenced market exposure but also on derivative mechanics, collateral arrangements and counterparty risk.",
        "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_core_strategy",
            "quote": "The Fund will primarily invest in financial derivative instruments for investment purposes."
        },
        {
            "source": "KIID",
            "signal": "synthetic_replication",
            "quote": "investing substantially all of its assets in FLexible EXchange Options (\u201cFLEX Options\u201d) that reference the performance of the Index"
        },
        {
            "source": "KIID",
            "signal": "structured_payoff",
            "quote": "providing a buffer (before fees and expenses) against the first 15% of Index losses (the \u201cBuffer\u201d), over a specified approximately one-year time period"
        },
        {
            "source": "FACTSHEET",
            "signal": "derivatives_core_strategy",
            "quote": "The Fund invests substantially all of its assets in FLEX Options that reference the performance of the Nasdaq-100\u00ae Index."
        },
        {
            "source": "FACTSHEET",
            "signal": "structured_payoff",
            "quote": "The Fund will construct a portfolio of purchased and written put and call FLEX Options."
        }
    ],
    "supporting_data": "ETF has evidenced synthetic replication. Policy mode: strict. Product type: ETF. UCITS signal identified. Replication method: synthetic.",
    "missing_data": [],
    "warnings": [],
    "sources": {
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            "url": "https://oppl.ai/apy/doc_store/IE000HFBJ0U0_KIID.txt",
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            "http_code": 200,
            "bytes": 11568,
            "error": null
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            "found": true,
            "http_code": 200,
            "bytes": 12802,
            "error": null
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        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/IE000HFBJ0U0_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 13562,
            "error": null
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE000HFBJ0U0&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 594,
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}