{
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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": "2026-06-18T20:40:44+00:00",
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    "confidence": 0.88,
    "review_required": false,
    "decision_rule_applied": "balanced_etf_swap_complex_rule",
    "product_policy_branch": "ETF",
    "fund_name": "Robeco Global Dynamic High Yield UCITS ETF USD Acc",
    "isin": "IE000LW5CCQ4",
    "type": "ETF",
    "ucits": true,
    "asset_class": "Fixed Income",
    "replication_method": "synthetic",
    "signals": {
        "leveraged": false,
        "inverse": false,
        "derivatives_mentioned": true,
        "derivatives_core_strategy": true,
        "derivatives_epm_only": false,
        "swaps": true,
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        "unfunded_swap": false,
        "synthetic_replication": true,
        "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,
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        "securities_lending": false,
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            "Derivatives appear core to the investment strategy",
            "Less liquid or harder-to-value underlying exposure language",
            "Counterparty risk language identified",
            "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": "by investing primarily in CDS index derivatives"
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        {
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            "signal": "swaps",
            "quote": "CDS index derivatives"
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        {
            "source": "KIID",
            "signal": "synthetic_replication",
            "quote": "by investing primarily in CDS index derivatives"
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        {
            "source": "KIID",
            "signal": "counterparty_risk",
            "quote": "A derivative counterparty may fail to fulfill its obligations which could result in a loss."
        },
        {
            "source": "PRIIPS_KID",
            "signal": "derivatives_core_strategy",
            "quote": "by investing primarily in CDS index derivatives"
        },
        {
            "source": "PRIIPS_KID",
            "signal": "synthetic_replication",
            "quote": "by investing primarily in CDS index derivatives"
        },
        {
            "source": "FACTSHEET",
            "signal": "derivatives_core_strategy",
            "quote": "by investing primarily in CDS index derivatives"
        },
        {
            "source": "FACTSHEET",
            "signal": "swaps",
            "quote": "CDS indices (CDX High Yield and iTraxx Crossover)"
        },
        {
            "source": "FACTSHEET",
            "signal": "counterparty_risk",
            "quote": "A (derivative) counterparty may fail to fulfil its obligations."
        }
    ],
    "supporting_data": "ETF has evidenced core or synthetic swap usage. Policy mode: balanced. Product type: ETF. UCITS signal identified. Replication method: synthetic.",
    "missing_data": [
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        "unfunded_swap",
        "illiquid_or_hard_to_value_underlying"
    ],
    "warnings": [
        "illiquid_or_hard_to_value_underlying_identified",
        "counterparty_risk_language_identified"
    ],
    "sources": {
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            "url": "https://oppl.ai/apy/doc_store/IE000LW5CCQ4_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 6576,
            "error": null
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            "found": true,
            "http_code": 200,
            "bytes": 12109,
            "error": null
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        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/IE000LW5CCQ4_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 37897,
            "error": null
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        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE000LW5CCQ4&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 560,
            "error": null
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}
