{
    "ok": true,
    "_meta": {
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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.",
        "classification_engine_version": "1.0.0",
        "prompt_version": "complex_asset_extract_v1",
        "captured_at_utc": "2026-06-17T12:32:41+00:00",
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    "review_required": false,
    "decision_rule_applied": "balanced_etf_swap_complex_rule",
    "product_policy_branch": "ETF",
    "fund_name": "UBS (Irl) ETF plc - S&P USA Dividend Aristocrats ESG Elite UCITS ETF",
    "isin": "IE000JQ2IJD3",
    "type": "ETF",
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    "asset_class": "Equity",
    "replication_method": "physical",
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        "inverse": false,
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        "derivatives_core_strategy": false,
        "derivatives_epm_only": true,
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        "unfunded_swap": false,
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        "counterparty_risk": true,
        "structured_payoff": false,
        "capital_protection": false,
        "commodity_futures_roll": false,
        "contango_backwardation": false,
        "coco_or_at1_exposure": false,
        "clo_exposure": false,
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        "securities_lending": true,
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        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
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        "No inverse exposure identified"
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        "drivers": [
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            "Counterparty exposure may be relevant to returns or risk",
            "Less liquid or harder-to-value underlying exposure language",
            "Counterparty risk language identified",
            "Derivative use appears limited to efficient portfolio management, hedging or risk management",
            "UCITS ETF structure",
            "Physical replication or direct portfolio holdings"
        ],
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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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            "signal": "derivatives_mentioned",
            "quote": "The Fund may, to reduce risk or costs, use derivative instruments which may multiply the gains or losses made by the Fund on given investment or on its investments generally."
        },
        {
            "source": "KIID",
            "signal": "derivatives_epm_only",
            "quote": "The impact of currency fluctuations between any foreign currency to the Index currency is reduced by selling foreign currency forwards at one month forward rate in line with the currency version of the Index."
        },
        {
            "source": "KIID",
            "signal": "counterparty_risk",
            "quote": "The Fund may use derivatives which can reduce investor risks or give rise to market risks as well as potential loss due to failure of counterparty."
        }
    ],
    "supporting_data": "ETF has evidenced core or synthetic swap usage. Policy mode: balanced. Product type: ETF. UCITS signal identified. Replication method: physical.",
    "missing_data": [],
    "warnings": [
        "illiquid_or_hard_to_value_underlying_identified",
        "counterparty_risk_language_identified"
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            "url": "https://oppl.ai/apy/doc_store/IE000JQ2IJD3_KIID.txt",
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            "http_code": 200,
            "bytes": 8769,
            "error": null
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        "priips_kid": {
            "url": "https://oppl.ai/eu_kiids/en_txt/IE000JQ2IJD3.txt",
            "found": true,
            "http_code": 200,
            "bytes": 12818,
            "error": null
        },
        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/IE000JQ2IJD3_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 42266,
            "error": null
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE000JQ2IJD3&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 281,
            "error": null
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}