{
    "ok": true,
    "_meta": {
        "isin": "IE000LHP8TA1",
        "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": "2026-06-17T11:51:26+00:00",
        "captured_unix": 1781697086
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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 Global Aggregate Bond Active UCITS ETF - USD (dist)",
    "isin": "IE000LHP8TA1",
    "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": 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": false,
        "securities_lending": false,
        "illiquid_or_hard_to_value_underlying": true,
        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
    },
    "complex_factors": [
        "CoCo or AT1 bond exposure"
    ],
    "non_complex_factors": [
        "UCITS fund",
        "Physical replication",
        "No leverage identified",
        "No inverse exposure identified"
    ],
    "consumer_understanding": {
        "risk_level": "high",
        "drivers": [
            "CoCo or AT1 exposure",
            "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",
            "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."
    },
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            "source": "KIID",
            "signal": "ucits",
            "quote": "a Share Class of JPMorgan ETFs (Ireland) ICAV \u2013 Global Aggregate Bond Active UCITS ETF"
        },
        {
            "source": "KIID",
            "signal": "derivatives_mentioned",
            "quote": "using financial derivative instruments to gain exposure to underlying assets"
        },
        {
            "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": "coco_or_at1_exposure",
            "quote": "Contingent Convertible Securities are likely to be adversely impacted should specific trigger events occur"
        },
        {
            "source": "KIID",
            "signal": "counterparty_risk",
            "quote": "increased counterparty risk"
        },
        {
            "source": "KIID",
            "signal": "illiquid_or_hard_to_value_underlying",
            "quote": "Asset-backed and mortgage-backed securities may be highly illiquid"
        },
        {
            "source": "PRIIPS_KID",
            "signal": "derivatives_mentioned",
            "quote": "using financial derivative instruments to gain exposure to underlying assets"
        },
        {
            "source": "PRIIPS_KID",
            "signal": "derivatives_epm_only",
            "quote": "The Sub-Fund may, for investment purposes and efficient portfolio management purposes, use financial derivative instruments."
        },
        {
            "source": "PRIIPS_KID",
            "signal": "ucits",
            "quote": "This product is a UCITS exchange traded fund or 'UCITS ETF'."
        },
        {
            "source": "FACTSHEET",
            "signal": "ucits",
            "quote": "JPMorgan ETFs (Ireland) ICAV - Global Aggregate Bond Active UCITS ETF"
        },
        {
            "source": "FACTSHEET",
            "signal": "derivatives_mentioned",
            "quote": "using financial derivative instruments to gain exposure to underlying assets"
        },
        {
            "source": "FACTSHEET",
            "signal": "coco_or_at1_exposure",
            "quote": "Contingent Convertible Securities are likely to be adversely impacted should specific trigger events occur"
        }
    ],
    "supporting_data": "Hard complex product feature identified: CoCo or AT1 bond exposure. Policy mode: balanced. Product type: ETF. UCITS signal identified. Replication method: physical.",
    "missing_data": [
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        "unfunded_swap",
        "contango_backwardation",
        "clo_exposure",
        "priips_comprehension_alert",
        "securities_lending"
    ],
    "warnings": [
        "illiquid_or_hard_to_value_underlying_identified",
        "counterparty_risk_language_identified"
    ],
    "sources": {
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            "url": "https://oppl.ai/apy/doc_store/IE000LHP8TA1_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 14572,
            "error": null
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        "priips_kid": {
            "url": "https://oppl.ai/eu_kiids/en_txt/IE000LHP8TA1.txt",
            "found": true,
            "http_code": 200,
            "bytes": 19113,
            "error": null
        },
        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/IE000LHP8TA1_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 13300,
            "error": null
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE000LHP8TA1&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 622,
            "error": null
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    }
}