{
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    "_meta": {
        "isin": "IE000XD7KCJ7",
        "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": "2026-06-13T18:26:39+00:00",
        "captured_unix": 1781375199
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    "confidence": 0.82,
    "review_required": false,
    "decision_rule_applied": "etf_ucits_physical_no_complex_override_rule",
    "product_policy_branch": "ETF",
    "fund_name": "Global X Solar UCITS ETF",
    "isin": "IE000XD7KCJ7",
    "type": "ETF",
    "ucits": true,
    "asset_class": "Equity",
    "replication_method": "physical",
    "signals": {
        "leveraged": false,
        "inverse": false,
        "derivatives_mentioned": true,
        "derivatives_core_strategy": false,
        "derivatives_epm_only": false,
        "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": false,
        "securities_lending": true,
        "illiquid_or_hard_to_value_underlying": false,
        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
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    "complex_factors": [],
    "non_complex_factors": [
        "UCITS fund",
        "Physical replication",
        "No leverage identified",
        "No inverse exposure identified"
    ],
    "consumer_understanding": {
        "risk_level": "moderate",
        "drivers": [
            "Counterparty risk language identified",
            "UCITS ETF structure",
            "Physical replication or direct portfolio holdings"
        ],
        "plain_english_explanation": "The product is identified as a UCITS ETF using physical replication or direct portfolio holdings. No leverage, inverse exposure, synthetic replication or structured payoff was identified. Some ordinary market, credit, duration, liquidity or counterparty-risk language may still be present, but this does not by itself make the product complex.",
        "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_mentioned",
            "quote": "The Fund may invest in FDIs to hedge against risk and/or to increase return."
        },
        {
            "source": "KIID",
            "signal": "securities_lending",
            "quote": "To the extent the Fund undertakes securities lending, the Fund will receive 87% of the associated revenue generated from securities lending activities and the remaining 13% will be retained by the securities lending agent"
        },
        {
            "source": "KIID",
            "signal": "ucits",
            "quote": "Global X Solar UCITS ETF (the \"Fund\")"
        },
        {
            "source": "KIID",
            "signal": "type",
            "quote": "Global X Solar UCITS ETF"
        },
        {
            "source": "KIID",
            "signal": "replication_method",
            "quote": "The investment objective of the Fund is to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the Solactive Solar v2 Index (the \"Index\")."
        },
        {
            "source": "KIID",
            "signal": "no_leverage",
            "quote": "No mention of leverage or borrowed funds."
        },
        {
            "source": "KIID",
            "signal": "no_inverse",
            "quote": "No mention of inverse, short, or bear exposure."
        },
        {
            "source": "KIID",
            "signal": "no_swaps",
            "quote": "No mention of swaps, total return swaps, or counterparty swaps."
        },
        {
            "source": "KIID",
            "signal": "no_synthetic_replication",
            "quote": "No mention of synthetic replication or swap-based replication."
        },
        {
            "source": "KIID",
            "signal": "capital_protection",
            "quote": "The Fund offers no capital guarantee or protection."
        },
        {
            "source": "KIID",
            "signal": "no_crypto_digital_asset",
            "quote": "The fund invests in solar energy equities, not cryptoassets."
        },
        {
            "source": "PRIIPS_KID",
            "signal": "ucits",
            "quote": "This product is a UCITS fund."
        },
        {
            "source": "PRIIPS_KID",
            "signal": "type",
            "quote": "Global X Solar UCITS ETF"
        }
    ],
    "supporting_data": "UCITS physical ETF baseline applied. Policy mode: balanced. Product type: ETF. UCITS signal identified. Replication method: physical.",
    "missing_data": [
        "replication_method explicitly stated as physical is not found; inferred from no synthetic mention and UCITS nature."
    ],
    "warnings": [
        "counterparty_risk_language_identified"
    ],
    "sources": {
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            "url": "https://oppl.ai/apy/doc_store/IE000XD7KCJ7_KIID.txt",
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            "http_code": 200,
            "bytes": 13585,
            "error": null
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            "url": "https://oppl.ai/eu_kiids/en_txt/IE000XD7KCJ7.txt",
            "found": true,
            "http_code": 200,
            "bytes": 13857,
            "error": null
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        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/IE000XD7KCJ7_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 62,
            "error": null
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE000XD7KCJ7&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 534,
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}