{
    "ok": true,
    "_meta": {
        "isin": "IE000KPJJWM6",
        "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": "2026-06-06T19:58:51+00:00",
        "captured_unix": 1780775931
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    "classification": "non-complex",
    "confidence": 0.82,
    "review_required": false,
    "decision_rule_applied": "etf_ucits_physical_no_complex_override_rule",
    "product_policy_branch": "ETF",
    "fund_name": "Vanguard ESG Emerging Markets All Cap UCITS ETF",
    "isin": "IE000KPJJWM6",
    "type": "ETF",
    "ucits": true,
    "asset_class": "Equities",
    "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": false,
        "clo_exposure": false,
        "complex_index": false,
        "priips_comprehension_alert": true,
        "securities_lending": false,
        "illiquid_or_hard_to_value_underlying": false,
        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
    },
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        "Physical replication",
        "No leverage identified",
        "No inverse exposure identified",
        "Derivative use appears limited to EPM, hedging, or risk management"
    ],
    "consumer_understanding": {
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        "drivers": [
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            "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"
        ],
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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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        {
            "source": "KIID",
            "signal": "derivatives_epm_only",
            "quote": "The Fund may use derivatives in order to reduce risk or cost and/or generate extra income or growth."
        },
        {
            "source": "KIID",
            "signal": "replication_method",
            "quote": "The Fund employs a passive management \u2013 or indexing \u2013 investment approach, through physical acquisition of securities"
        },
        {
            "source": "KIID",
            "signal": "ucits",
            "quote": "Vanguard ESG Emerging Markets All Cap UCITS ETF (the \"Fund\")"
        },
        {
            "source": "PRIIPS_KID",
            "signal": "priips_comprehension_alert",
            "quote": "You are about to purchase a Fund that is not simple and may be difficult to understand."
        },
        {
            "source": "KIID",
            "signal": "counterparty_risk",
            "quote": "Counterparty risk. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss."
        },
        {
            "source": "KIID",
            "signal": "derivatives_mentioned",
            "quote": "The Fund may use derivatives in order to reduce risk or cost and/or generate extra income or growth."
        }
    ],
    "supporting_data": "UCITS physical ETF baseline applied. Policy mode: balanced. Product type: ETF. UCITS signal identified. Replication method: physical.",
    "missing_data": [],
    "warnings": [
        "counterparty_risk_language_identified",
        "priips_comprehension_alert_soft_flag"
    ],
    "sources": {
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            "url": "https://oppl.ai/apy/doc_store/IE000KPJJWM6_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 15852,
            "error": null
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            "url": "https://oppl.ai/eu_kiids/en_txt/IE000KPJJWM6.txt",
            "found": true,
            "http_code": 200,
            "bytes": 16601,
            "error": null
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        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/IE000KPJJWM6_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 27924,
            "error": null
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        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE000KPJJWM6&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 510,
            "error": null
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