Immutable verification record

Multi-Manager Small Cap Equity Strategies Fund

Run 363649da-fcfb-4007-87ef-de06de7710ca · portfolio period 2026-02-28 · captured 2026-07-29T14:22:09.616Z

This is the permanent record of what our July 29, 2026 data run computed for Multi-Manager Small Cap Equity Strategies Fund, and the exact SEC documents every number came from — it exists so anyone can check us.

Current interpretation · methodology 1.5

How to read this prior-run record now

This portfolio genuinely differs from the Russell 2000 index (67.3% active share). Its 0.96% fee buys real active management; whether it earned that fee is not something holdings can show.

This interpretation is computed under the current methodology and is not inserted into the immutable record below.

Cite these figures

Each snippet includes the figure’s source-event date and immutable verification URL.

Best-fit active share

Sensible Investor, “Multi-Manager Small Cap Equity Strategies Fund — best-fit active share,” 67.3% versus the Russell 2000 index, fund portfolio as of 2026-02-28; measured against the filed holdings of iShares Russell 2000 ETF (IWM), as of 2026-03-31. https://sensible-investor.com/registry/czmsx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

CZMSX filed expense ratio

Sensible Investor, “Multi-Manager Small Cap Equity Strategies Fund — filed expense ratio,” 0.96% for CZMSX, as of 2025-08-31. https://sensible-investor.com/registry/czmsx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

CZMSX fee per active unit

Sensible Investor, “Multi-Manager Small Cap Equity Strategies Fund — fee per unit of active management,” 1.43% using the CZMSX expense ratio as of 2025-08-31 and fund portfolio as of 2026-02-28. https://sensible-investor.com/registry/czmsx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

Holdings difference for every comparison calculated in this run.
Index	Active share	Holdings evidence	Identifier match
the Russell 2000 index	67.3%	measured against the filed holdings of iShares Russell 2000 ETF (IWM), as of 2026-03-31	76.3%
the S&P SmallCap 600	76.0%	measured against the filed holdings of iShares Core S&P Small-Cap ETF (IJR), as of 2026-03-31	36.6%
the S&P MidCap 400	82.0%	measured against the filed holdings of iShares Core S&P Mid-Cap ETF (IJH), as of 2026-03-31	25.7%
the total US market	96.9%	measured against the filed holdings of Vanguard Total Stock Market ETF (VTI), as of 2026-03-31	93.7%
the Russell 1000 Value index	97.8%	measured against the filed holdings of iShares Russell 1000 Value ETF (IWD), as of 2026-03-31	17.6%
the Russell 1000 index	98.7%	measured against the filed holdings of iShares Russell 1000 ETF (IWB), as of 2026-03-31	19.2%
the Russell 1000 Growth index	99.7%	measured against the filed holdings of iShares Russell 1000 Growth ETF (IWF), as of 2026-03-31	8.3%
the S&P 500	99.9%	measured against the filed holdings of iShares Core S&P 500 ETF (IVV), as of 2026-03-31	0.2%

Filed expense ratios by share class

Each fee is tied to its filed SEC source and period.
Share class	Expense ratio	Filing period	SEC document
CZMSX (Multi-Manager Small Cap Equity Strategies Fund)	0.96%	2025-08-31	Open SEC expense filing

Match rates

How much of the fund filing could be matched to comparison holdings. A benchmark proxy is not compared with itself.
Fund identifier match	76.3%
the Russell 2000 index	76.3%
the S&P SmallCap 600	36.6%
the S&P MidCap 400	25.7%
the total US market	93.7%
the Russell 1000 Value index	17.6%
the Russell 1000 index	19.2%
the Russell 1000 Growth index	8.3%
the S&P 500	0.2%

Fee-drag windows

Dollar fee drag from licensed return windows; the lowest-cost control class is omitted rather than compared with itself, and missing history remains explicit.
Share class	Window	Fee drag	Window dates
CZMSX	10 years	$22,460	2016-07-29 to 2026-07-29
CZMSX	20 years	$87,351	2006-07-31 to 2026-07-29
CZMSX	30 years	proxy history begins 2000 — no full 30-year window	Proxy history begins 2000-05-26

Check it yourself

Open the fund’s linked SEC holdings filing and, for fees, the linked SEC expense filing in the table above.
Find each security identifier and portfolio weight in the holdings filing, and the net annual operating expense for the relevant share class in its expense filing.
Recalculate the comparison using the active-share formula and portfolio rules.

Raw record (JSON)

Download this record as JSON

{
  "runId": "363649da-fcfb-4007-87ef-de06de7710ca",
  "capturedAt": "2026-07-29T14:22:09.616Z",
  "methodologyVersion": "closet-index@2.0.0",
  "cohortVersion": "cohort-v2@2026-07-24",
  "cohortRank": 2632,
  "seriesId": "S000036206",
  "cik": 773757,
  "seriesName": "Multi-Manager Small Cap Equity Strategies Fund",
  "classes": [
    {
      "classId": "C000179756",
      "ticker": "CZMSX",
      "netExpenseRatio": 0.0096,
      "expensePeriod": "2025-08-31",
      "sourceAccession": "0001193125-25-327890",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/773757/000119312525327890/0001193125-25-327890-index.html",
      "missingReason": null
    }
  ],
  "fundFiling": {
    "cik": 773757,
    "seriesId": "S000036206",
    "accession": "0001410368-26-040872",
    "filingDate": "2026-04-27",
    "periodOfReport": "2026-02-28",
    "primaryDocumentUrl": "https://www.sec.gov/Archives/edgar/data/773757/000141036826040872/primary_doc.xml"
  },
  "proxyPeriods": {
    "IVV": {
      "periodOfReport": "2026-03-31",
      "accession": "0002071691-26-012459",
      "filingDate": "2026-05-28"
    },
    "IWB": {
      "periodOfReport": "2026-03-31",
      "accession": "0001004726-26-003726",
      "filingDate": "2026-05-22"
    },
    "IWF": {
      "periodOfReport": "2026-03-31",
      "accession": "0001004726-26-003755",
      "filingDate": "2026-05-22"
    },
    "IWD": {
      "periodOfReport": "2026-03-31",
      "accession": "0001004726-26-003757",
      "filingDate": "2026-05-22"
    },
    "IJH": {
      "periodOfReport": "2026-03-31",
      "accession": "0000940400-26-020794",
      "filingDate": "2026-05-26"
    },
    "IJR": {
      "periodOfReport": "2026-03-31",
      "accession": "0000940400-26-020784",
      "filingDate": "2026-05-26"
    },
    "IWM": {
      "periodOfReport": "2026-03-31",
      "accession": "0002071691-26-012507",
      "filingDate": "2026-05-28"
    },
    "VTI": {
      "periodOfReport": "2026-03-31",
      "accession": "0000036405-26-000323",
      "filingDate": "2026-05-28"
    }
  },
  "comparisons": [
    {
      "proxy": "IWM",
      "activeShare": 0.6728003342758153,
      "identifierMatchRate": 0.7628443248397764,
      "matchRateByIdentifier": {
        "cusip6": 0.7168358552123,
        "isin": 0.046008469627476394,
        "unmatched": 0.23715567516022362
      },
      "topActiveBets": [
        {
          "name": "Casella Waste Systems, Inc.",
          "fundWeight": 0.011900071962450765,
          "proxyWeight": 0.00169499112711419,
          "activeWeight": 0.010205080835336574,
          "blbTicker": "CWST"
        },
        {
          "name": "RBC Bearings Inc",
          "fundWeight": 0.008701273244810069,
          "proxyWeight": 0,
          "activeWeight": 0.008701273244810069,
          "blbTicker": "RBC"
        },
        {
          "name": "FirstService Corp",
          "fundWeight": 0.008132374794396545,
          "proxyWeight": 0,
          "activeWeight": 0.008132374794396545,
          "blbTicker": "FSV"
        },
        {
          "name": "LeMaitre Vascular, Inc.",
          "fundWeight": 0.008607767379756468,
          "proxyWeight": 0.000776304765864668,
          "activeWeight": 0.0078314626138918,
          "blbTicker": "LMAT"
        },
        {
          "name": "Merit Medical Systems, Inc.",
          "fundWeight": 0.008432697900600675,
          "proxyWeight": 0.0013723495860378382,
          "activeWeight": 0.007060348314562837,
          "blbTicker": "MMSI"
        },
        {
          "name": "SPX Technologies, Inc.",
          "fundWeight": 0.010334177262193751,
          "proxyWeight": 0.003285733704079773,
          "activeWeight": 0.007048443558113978,
          "blbTicker": "SPXC"
        },
        {
          "name": "MSA Safety Inc",
          "fundWeight": 0.006993429998274371,
          "proxyWeight": 0,
          "activeWeight": 0.006993429998274371,
          "blbTicker": "MSA"
        },
        {
          "name": "Simpson Manufacturing Co Inc",
          "fundWeight": 0.006671239215031376,
          "proxyWeight": 0,
          "activeWeight": 0.006671239215031376,
          "blbTicker": "SSD"
        },
        {
          "name": "Digi International, Inc.",
          "fundWeight": 0.007270627299872855,
          "proxyWeight": 0.0006087731251024064,
          "activeWeight": 0.006661854174770448,
          "blbTicker": "DGII"
        },
        {
          "name": "Coeur Mining, Inc.",
          "fundWeight": 0,
          "proxyWeight": 0.006503525842489217,
          "activeWeight": -0.006503525842489217,
          "blbTicker": "CDE"
        }
      ]
    },
    {
      "proxy": "IJR",
      "activeShare": 0.7596667855986269,
      "identifierMatchRate": 0.3655210639144494,
      "matchRateByIdentifier": {
        "cusip6": 0.3609541129889932,
        "isin": 0.004566950925456161,
        "unmatched": 0.6344789360855506
      },
      "topActiveBets": [
        {
          "name": "SPX Technologies Inc",
          "fundWeight": 0.010334177262193751,
          "proxyWeight": 0,
          "activeWeight": 0.010334177262193751,
          "blbTicker": "SPXC"
        },
        {
          "name": "RBC Bearings Inc",
          "fundWeight": 0.008701273244810069,
          "proxyWeight": 0,
          "activeWeight": 0.008701273244810069,
          "blbTicker": "RBC"
        },
        {
          "name": "Casella Waste Systems, Inc.",
          "fundWeight": 0.011900071962450765,
          "proxyWeight": 0.003289383931783424,
          "activeWeight": 0.00861068803066734,
          "blbTicker": "CWST"
        },
        {
          "name": "FirstService Corp",
          "fundWeight": 0.008132374794396545,
          "proxyWeight": 0,
          "activeWeight": 0.008132374794396545,
          "blbTicker": "FSV"
        },
        {
          "name": "Novanta Inc",
          "fundWeight": 0.007510274753344093,
          "proxyWeight": 0,
          "activeWeight": 0.007510274753344093,
          "blbTicker": "NOVT"
        },
        {
          "name": "Construction Partners Inc",
          "fundWeight": 0.007448608093076621,
          "proxyWeight": 0,
          "activeWeight": 0.007448608093076621,
          "blbTicker": "ROAD"
        },
        {
          "name": "Lemaitre Vascular Inc.",
          "fundWeight": 0.008607767379756468,
          "proxyWeight": 0.0015107294269406334,
          "activeWeight": 0.0070970379528158345,
          "blbTicker": "LMAT"
        },
        {
          "name": "MSA Safety Inc",
          "fundWeight": 0.006993429998274371,
          "proxyWeight": 0,
          "activeWeight": 0.006993429998274371,
          "blbTicker": "MSA"
        },
        {
          "name": "Fabrinet",
          "fundWeight": 0.006751600921266579,
          "proxyWeight": 0,
          "activeWeight": 0.006751600921266579,
          "blbTicker": "FN"
        },
        {
          "name": "Simpson Manufacturing Co Inc",
          "fundWeight": 0.006671239215031376,
          "proxyWeight": 0,
          "activeWeight": 0.006671239215031376,
          "blbTicker": "SSD"
        }
      ]
    },
    {
      "proxy": "IJH",
      "activeShare": 0.8197981146936119,
      "identifierMatchRate": 0.25709659418206404,
      "matchRateByIdentifier": {
        "cusip6": 0.2437215291666628,
        "isin": 0.013375065015401241,
        "unmatched": 0.742903405817936
      },
      "topActiveBets": [
        {
          "name": "Casella Waste Systems Inc",
          "fundWeight": 0.011900071962450765,
          "proxyWeight": 0,
          "activeWeight": 0.011900071962450765,
          "blbTicker": "CWST"
        },
        {
          "name": "TechnipFMC PLC",
          "fundWeight": 0,
          "proxyWeight": 0.008781525152748243,
          "activeWeight": -0.008781525152748243,
          "blbTicker": "FTI"
        },
        {
          "name": "LeMaitre Vascular Inc",
          "fundWeight": 0.008607767379756468,
          "proxyWeight": 0,
          "activeWeight": 0.008607767379756468,
          "blbTicker": "LMAT"
        },
        {
          "name": "Casey'S General Stores Inc.",
          "fundWeight": 0,
          "proxyWeight": 0.008472464662945328,
          "activeWeight": -0.008472464662945328,
          "blbTicker": "CASY"
        },
        {
          "name": "Merit Medical Systems Inc",
          "fundWeight": 0.008432697900600675,
          "proxyWeight": 0,
          "activeWeight": 0.008432697900600675,
          "blbTicker": "MMSI"
        },
        {
          "name": "FirstService Corp",
          "fundWeight": 0.008132374794396545,
          "proxyWeight": 0,
          "activeWeight": 0.008132374794396545,
          "blbTicker": "FSV"
        },
        {
          "name": "Balchem Corp",
          "fundWeight": 0.008096811524406345,
          "proxyWeight": 0,
          "activeWeight": 0.008096811524406345,
          "blbTicker": "BCPC"
        },
        {
          "name": "United Therapeutics Corporation",
          "fundWeight": 0,
          "proxyWeight": 0.00801726650230186,
          "activeWeight": -0.00801726650230186,
          "blbTicker": "UTHR"
        },
        {
          "name": "Curtiss-Wright Corp.",
          "fundWeight": 0,
          "proxyWeight": 0.00788582720706252,
          "activeWeight": -0.00788582720706252,
          "blbTicker": "CW"
        },
        {
          "name": "ESCO Technologies Inc",
          "fundWeight": 0.007617394035195239,
          "proxyWeight": 0,
          "activeWeight": 0.007617394035195239,
          "blbTicker": "ESE"
        }
      ]
    },
    {
      "proxy": "VTI",
      "activeShare": 0.9685313237016244,
      "identifierMatchRate": 0.9367173894503289,
      "matchRateByIdentifier": {
        "cusip6": 0.909201211085727,
        "isin": 0.027516178364601823,
        "unmatched": 0.0632826105496711
      },
      "topActiveBets": [
        {
          "name": "NVIDIA Corp",
          "fundWeight": 0,
          "proxyWeight": 0.06442311309214421,
          "activeWeight": -0.06442311309214421,
          "blbTicker": "NVDA"
        },
        {
          "name": "Apple Inc",
          "fundWeight": 0,
          "proxyWeight": 0.0596212042704501,
          "activeWeight": -0.0596212042704501,
          "blbTicker": "AAPL"
        },
        {
          "name": "Alphabet Inc",
          "fundWeight": 0,
          "proxyWeight": 0.0480065065993559,
          "activeWeight": -0.0480065065993559,
          "blbTicker": "GOOGL"
        },
        {
          "name": "Microsoft Corp",
          "fundWeight": 0,
          "proxyWeight": 0.043984352598584776,
          "activeWeight": -0.043984352598584776,
          "blbTicker": "MSFT"
        },
        {
          "name": "Amazon.com Inc",
          "fundWeight": 0,
          "proxyWeight": 0.03219839879780581,
          "activeWeight": -0.03219839879780581,
          "blbTicker": "AMZN"
        },
        {
          "name": "Broadcom Inc",
          "fundWeight": 0,
          "proxyWeight": 0.023482055276800976,
          "activeWeight": -0.023482055276800976,
          "blbTicker": "AVGO"
        },
        {
          "name": "Meta Platforms Inc",
          "fundWeight": 0,
          "proxyWeight": 0.020023709704447556,
          "activeWeight": -0.020023709704447556,
          "blbTicker": "META"
        },
        {
          "name": "Tesla Inc",
          "fundWeight": 0,
          "proxyWeight": 0.016742701430295753,
          "activeWeight": -0.016742701430295753,
          "blbTicker": "TSLA"
        },
        {
          "name": "Berkshire Hathaway Inc",
          "fundWeight": 0,
          "proxyWeight": 0.014133329230630496,
          "activeWeight": -0.014133329230630496,
          "blbTicker": null
        },
        {
          "name": "Eli Lilly & Co",
          "fundWeight": 0,
          "proxyWeight": 0.012496089782770682,
          "activeWeight": -0.012496089782770682,
          "blbTicker": "LLY"
        }
      ]
    },
    {
      "proxy": "IWD",
      "activeShare": 0.9777829210387826,
      "identifierMatchRate": 0.17646464878521362,
      "matchRateByIdentifier": {
        "cusip6": 0.16787897628416693,
        "isin": 0.008585672501046693,
        "unmatched": 0.8235353512147864
      },
      "topActiveBets": [
        {
          "name": "ALPHABET INC.",
          "fundWeight": 0,
          "proxyWeight": 0.0354650771022033,
          "activeWeight": -0.0354650771022033,
          "blbTicker": "GOOGL"
        },
        {
          "name": "BERKSHIRE HATHAWAY INC.",
          "fundWeight": 0,
          "proxyWeight": 0.0291526208979656,
          "activeWeight": -0.0291526208979656,
          "blbTicker": null
        },
        {
          "name": "JPMORGAN CHASE & CO.",
          "fundWeight": 0,
          "proxyWeight": 0.026357976973082797,
          "activeWeight": -0.026357976973082797,
          "blbTicker": "JPM"
        },
        {
          "name": "EXXON MOBIL CORPORATION",
          "fundWeight": 0,
          "proxyWeight": 0.02364221176128185,
          "activeWeight": -0.02364221176128185,
          "blbTicker": "XOM"
        },
        {
          "name": "JOHNSON & JOHNSON",
          "fundWeight": 0,
          "proxyWeight": 0.019402401495942925,
          "activeWeight": -0.019402401495942925,
          "blbTicker": "JNJ"
        },
        {
          "name": "AMAZON.COM, INC.",
          "fundWeight": 0,
          "proxyWeight": 0.01811686041169112,
          "activeWeight": -0.01811686041169112,
          "blbTicker": "AMZN"
        },
        {
          "name": "WALMART INC.",
          "fundWeight": 0,
          "proxyWeight": 0.01605267235123516,
          "activeWeight": -0.01605267235123516,
          "blbTicker": "WMT"
        },
        {
          "name": "CHEVRON CORPORATION",
          "fundWeight": 0,
          "proxyWeight": 0.012785369734388645,
          "activeWeight": -0.012785369734388645,
          "blbTicker": "CVX"
        },
        {
          "name": "MICRON TECHNOLOGY, INC.",
          "fundWeight": 0,
          "proxyWeight": 0.012450714785757907,
          "activeWeight": -0.012450714785757907,
          "blbTicker": "MU"
        },
        {
          "name": "Casella Waste Systems Inc",
          "fundWeight": 0.011900071962450765,
          "proxyWeight": 0,
          "activeWeight": 0.011900071962450765,
          "blbTicker": "CWST"
        }
      ]
    },
    {
      "proxy": "IWB",
      "activeShare": 0.986790261780624,
      "identifierMatchRate": 0.1921917124618077,
      "matchRateByIdentifier": {
        "cusip6": 0.183606039960761,
        "isin": 0.008585672501046693,
        "unmatched": 0.8078082875381923
      },
      "topActiveBets": [
        {
          "name": "NVIDIA CORPORATION",
          "fundWeight": 0,
          "proxyWeight": 0.0682556096101088,
          "activeWeight": -0.0682556096101088,
          "blbTicker": "NVDA"
        },
        {
          "name": "APPLE INC.",
          "fundWeight": 0,
          "proxyWeight": 0.061141711446034384,
          "activeWeight": -0.061141711446034384,
          "blbTicker": "AAPL"
        },
        {
          "name": "ALPHABET INC.",
          "fundWeight": 0,
          "proxyWeight": 0.05065642492692142,
          "activeWeight": -0.05065642492692142,
          "blbTicker": "GOOGL"
        },
        {
          "name": "MICROSOFT CORPORATION",
          "fundWeight": 0,
          "proxyWeight": 0.04590848939043174,
          "activeWeight": -0.04590848939043174,
          "blbTicker": "MSFT"
        },
        {
          "name": "AMAZON.COM, INC.",
          "fundWeight": 0,
          "proxyWeight": 0.03340870139504772,
          "activeWeight": -0.03340870139504772,
          "blbTicker": "AMZN"
        },
        {
          "name": "BROADCOM INC.",
          "fundWeight": 0,
          "proxyWeight": 0.02390302187384336,
          "activeWeight": -0.02390302187384336,
          "blbTicker": "AVGO"
        },
        {
          "name": "META PLATFORMS, INC.",
          "fundWeight": 0,
          "proxyWeight": 0.0208891555358376,
          "activeWeight": -0.0208891555358376,
          "blbTicker": "META"
        },
        {
          "name": "TESLA, INC.",
          "fundWeight": 0,
          "proxyWeight": 0.01754062268368833,
          "activeWeight": -0.01754062268368833,
          "blbTicker": "TSLA"
        },
        {
          "name": "BERKSHIRE HATHAWAY INC.",
          "fundWeight": 0,
          "proxyWeight": 0.014779908294339937,
          "activeWeight": -0.014779908294339937,
          "blbTicker": null
        },
        {
          "name": "JPMORGAN CHASE & CO.",
          "fundWeight": 0,
          "proxyWeight": 0.013362762406892123,
          "activeWeight": -0.013362762406892123,
          "blbTicker": "JPM"
        }
      ]
    },
    {
      "proxy": "IWF",
      "activeShare": 0.9965253450743752,
      "identifierMatchRate": 0.08330901987634604,
      "matchRateByIdentifier": {
        "cusip6": 0.08144816621935513,
        "isin": 0.0018608536569909044,
        "unmatched": 0.916690980123654
      },
      "topActiveBets": [
        {
          "name": "NVIDIA CORPORATION",
          "fundWeight": 0,
          "proxyWeight": 0.12945460879335305,
          "activeWeight": -0.12945460879335305,
          "blbTicker": "NVDA"
        },
        {
          "name": "APPLE INC.",
          "fundWeight": 0,
          "proxyWeight": 0.11656856171702823,
          "activeWeight": -0.11656856171702823,
          "blbTicker": "AAPL"
        },
        {
          "name": "MICROSOFT CORPORATION",
          "fundWeight": 0,
          "proxyWeight": 0.08836575239353556,
          "activeWeight": -0.08836575239353556,
          "blbTicker": "MSFT"
        },
        {
          "name": "ALPHABET INC.",
          "fundWeight": 0,
          "proxyWeight": 0.06417329036166634,
          "activeWeight": -0.06417329036166634,
          "blbTicker": "GOOGL"
        },
        {
          "name": "BROADCOM INC.",
          "fundWeight": 0,
          "proxyWeight": 0.0479715320446599,
          "activeWeight": -0.0479715320446599,
          "blbTicker": "AVGO"
        },
        {
          "name": "AMAZON.COM, INC.",
          "fundWeight": 0,
          "proxyWeight": 0.046659882463126814,
          "activeWeight": -0.046659882463126814,
          "blbTicker": "AMZN"
        },
        {
          "name": "TESLA, INC.",
          "fundWeight": 0,
          "proxyWeight": 0.03554779995344603,
          "activeWeight": -0.03554779995344603,
          "blbTicker": "TSLA"
        },
        {
          "name": "META PLATFORMS, INC.",
          "fundWeight": 0,
          "proxyWeight": 0.03462435618217455,
          "activeWeight": -0.03462435618217455,
          "blbTicker": "META"
        },
        {
          "name": "ELI LILLY AND COMPANY",
          "fundWeight": 0,
          "proxyWeight": 0.026625797887620695,
          "activeWeight": -0.026625797887620695,
          "blbTicker": null
        },
        {
          "name": "VISA INC.",
          "fundWeight": 0,
          "proxyWeight": 0.0183841198292503,
          "activeWeight": -0.0183841198292503,
          "blbTicker": "V"
        }
      ]
    },
    {
      "proxy": "IVV",
      "activeShare": 0.9993544469754445,
      "identifierMatchRate": 0.001609398132565081,
      "matchRateByIdentifier": {
        "cusip6": 0.001609398132565081,
        "isin": 0,
        "unmatched": 0.9983906018674349
      },
      "topActiveBets": [
        {
          "name": "NVIDIA Corp.",
          "fundWeight": 0,
          "proxyWeight": 0.07581440036297338,
          "activeWeight": -0.07581440036297338,
          "blbTicker": "NVDA"
        },
        {
          "name": "Apple, Inc.",
          "fundWeight": 0,
          "proxyWeight": 0.06665491076154913,
          "activeWeight": -0.06665491076154913,
          "blbTicker": "AAPL"
        },
        {
          "name": "Alphabet, Inc.",
          "fundWeight": 0,
          "proxyWeight": 0.05395011904789741,
          "activeWeight": -0.05395011904789741,
          "blbTicker": "GOOGL"
        },
        {
          "name": "Microsoft Corp.",
          "fundWeight": 0,
          "proxyWeight": 0.04917390073516307,
          "activeWeight": -0.04917390073516307,
          "blbTicker": "MSFT"
        },
        {
          "name": "Amazon.com, Inc.",
          "fundWeight": 0,
          "proxyWeight": 0.03639701168408969,
          "activeWeight": -0.03639701168408969,
          "blbTicker": "AMZN"
        },
        {
          "name": "Broadcom, Inc.",
          "fundWeight": 0,
          "proxyWeight": 0.026252612903398073,
          "activeWeight": -0.026252612903398073,
          "blbTicker": "AVGO"
        },
        {
          "name": "Meta Platforms, Inc.",
          "fundWeight": 0,
          "proxyWeight": 0.022385751722659372,
          "activeWeight": -0.022385751722659372,
          "blbTicker": "META"
        },
        {
          "name": "Tesla, Inc.",
          "fundWeight": 0,
          "proxyWeight": 0.018704003099974168,
          "activeWeight": -0.018704003099974168,
          "blbTicker": "TSLA"
        },
        {
          "name": "Berkshire Hathaway, Inc.",
          "fundWeight": 0,
          "proxyWeight": 0.015719799867718154,
          "activeWeight": -0.015719799867718154,
          "blbTicker": null
        },
        {
          "name": "JPMorgan Chase & Co.",
          "fundWeight": 0,
          "proxyWeight": 0.01418837977034,
          "activeWeight": -0.01418837977034,
          "blbTicker": "JPM"
        }
      ]
    }
  ],
  "bestFitProxy": "IWM",
  "bestFitActiveShare": 0.6728003342758153,
  "declaredBenchmarkName": "Russell 2000® Index",
  "declaredBenchmarkPeriod": "2025-08-31",
  "declaredBenchmarkAccession": "0001193125-25-327890",
  "declaredBenchmarkSourceUrl": "https://www.sec.gov/Archives/edgar/data/773757/000119312525327890/0001193125-25-327890-index.html",
  "declaredProxy": "IWM",
  "declaredActiveShare": 0.6728003342758153,
  "benchmarkMismatch": "match",
  "identifierMatchRate": 0.7628443248397764,
  "reviewRequired": false,
  "reviewReason": null,
  "feePerActiveUnitByClass": [
    {
      "classId": "C000179756",
      "value": 0.014268720615802291
    }
  ],
  "feeDragBaselineExpenseRatio": 0.0001,
  "feeDragByClass": [
    {
      "classId": "C000179756",
      "projections": [
        {
          "horizonYears": 10,
          "fundEndingValue": 148594.73959783543,
          "baselineEndingValue": 162734.39632475894,
          "feeDragVsBaseline": 14139.65672692351
        },
        {
          "horizonYears": 20,
          "fundEndingValue": 220803.9663614852,
          "baselineEndingValue": 264824.8374718372,
          "feeDragVsBaseline": 44020.87111035199
        },
        {
          "horizonYears": 30,
          "fundEndingValue": 328103.07883654104,
          "baselineEndingValue": 430961.10057781835,
          "feeDragVsBaseline": 102858.0217412773
        }
      ]
    }
  ],
  "licensedReturnMetrics": {
    "provenance": "Computed on licensed market-return history",
    "computedAt": "2026-07-29T14:22:09.616Z",
    "proxy": "IWM",
    "proxyReturnBasis": "total",
    "feeDragByClass": [
      {
        "classId": "C000179756",
        "windows": [
          {
            "horizonYears": 10,
            "windowStart": "2016-07-29",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.10517735955397267,
            "fundEndingValue": 249106.09822164735,
            "baselineEndingValue": 271566.57880271395,
            "feeDragVsBaseline": 22460.4805810666,
            "missingReason": null
          },
          {
            "horizonYears": 20,
            "windowStart": "2006-07-31",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.08842545441101413,
            "fundEndingValue": 455886.5671975883,
            "baselineEndingValue": 543237.2582981171,
            "feeDragVsBaseline": 87350.69110052881,
            "missingReason": null
          },
          {
            "horizonYears": 30,
            "windowStart": null,
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": null,
            "fundEndingValue": null,
            "baselineEndingValue": null,
            "feeDragVsBaseline": null,
            "missingReason": "proxy history begins 2000 — no full 30-year window"
          }
        ],
        "missingReason": null
      }
    ],
    "trackingDifferenceByClass": []
  },
  "filterStats": {
    "total": 794,
    "keptLongCommonEquity": 793,
    "droppedAssetCategory": {
      "STIV": 1
    },
    "droppedPayoffProfile": 0,
    "droppedNonPositivePct": 0
  },
  "publishable": true
}