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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",
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        "captured_at_utc": "2026-06-13T18:18:15+00:00",
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    "confidence": 0.82,
    "review_required": false,
    "decision_rule_applied": "etf_ucits_physical_no_complex_override_rule",
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    "fund_name": "First Trust RBA American Industrial Renaissance UCITS ETF",
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    "type": "ETF",
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    "signals": {
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        "inverse": false,
        "derivatives_mentioned": false,
        "derivatives_core_strategy": false,
        "derivatives_epm_only": false,
        "swaps": false,
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        "unfunded_swap": false,
        "synthetic_replication": false,
        "counterparty_risk": false,
        "structured_payoff": false,
        "capital_protection": false,
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        "coco_or_at1_exposure": false,
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        "securities_lending": false,
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        "crypto_digital_asset": false
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        "Physical replication",
        "No leverage identified",
        "No inverse exposure identified"
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        "risk_level": "low",
        "drivers": [
            "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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            "quote": "Replication Method Physical - Full Replication"
        },
        {
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            "signal": "ucits",
            "quote": "First Trust RBA American Industrial Renaissance UCITS ETF"
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        {
            "source": "KIID",
            "signal": "investment_objective",
            "quote": "The Fund seeks to provide investors with investment results that correspond generally to the price and yield, before fees and expenses, to those of an equity index called the RBA American Industrial Renaissance\u00ae Index"
        },
        {
            "source": "KIID",
            "signal": "investment_policy",
            "quote": "The Investment Manager will seek to do this by trying to replicate the Index by holding in similar proportions the equity securities in the Index."
        }
    ],
    "supporting_data": "UCITS physical ETF baseline applied. Policy mode: balanced. Product type: ETF. UCITS signal identified. Replication method: physical.",
    "missing_data": [],
    "warnings": [],
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            "http_code": 200,
            "bytes": 10809,
            "error": null
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            "http_code": 200,
            "bytes": 13118,
            "error": null
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        "market_data": {
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            "found": true,
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