Sensible Investor

Immutable verification record

Disciplined Value Fund

Run 363649da-fcfb-4007-87ef-de06de7710ca · portfolio period 2026-03-31 · captured 2026-07-29T14:22:09.616Z

This is the permanent record of what our July 29, 2026 data run computed for Disciplined Value 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 1000 Value index (79.5% active share). Its 0.85% 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, “Disciplined Value Fund — best-fit active share,” 79.5% versus the Russell 1000 Value index, fund portfolio as of 2026-03-31; measured against the filed holdings of iShares Russell 1000 Value ETF (IWD), as of 2026-03-31. https://sensible-investor.com/registry/jdvfx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

JDVFX filed expense ratio

Sensible Investor, “Disciplined Value Fund — filed expense ratio,” 0.85% for JDVFX, as of 2025-03-31. https://sensible-investor.com/registry/jdvfx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

JDVFX fee per active unit

Sensible Investor, “Disciplined Value Fund — fee per unit of active management,” 1.07% using the JDVFX expense ratio as of 2025-03-31 and fund portfolio as of 2026-03-31. https://sensible-investor.com/registry/jdvfx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

Active share by comparison index

Holdings difference for every comparison calculated in this run.
IndexActive shareHoldings evidenceIdentifier match
the Russell 1000 Value index79.5%measured against the filed holdings of iShares Russell 1000 Value ETF (IWD), as of 2026-03-3182.9%
the S&P 50081.1%measured against the filed holdings of iShares Core S&P 500 ETF (IVV), as of 2026-03-3187.3%
the Russell 1000 index81.8%measured against the filed holdings of iShares Russell 1000 ETF (IWB), as of 2026-03-3192.8%
the total US market82.5%measured against the filed holdings of Vanguard Total Stock Market ETF (VTI), as of 2026-03-3192.8%
the Russell 1000 Growth index87.8%measured against the filed holdings of iShares Russell 1000 Growth ETF (IWF), as of 2026-03-3134.6%
the S&P MidCap 40097.6%measured against the filed holdings of iShares Core S&P Mid-Cap ETF (IJH), as of 2026-03-314.7%
the S&P SmallCap 600100.0%measured against the filed holdings of iShares Core S&P Small-Cap ETF (IJR), as of 2026-03-310.0%
the Russell 2000 index100.0%measured against the filed holdings of iShares Russell 2000 ETF (IWM), as of 2026-03-310.0%

Filed expense ratios by share class

Each fee is tied to its filed SEC source and period.
Share classExpense ratioFiling periodSEC document
JDVFX (Disciplined Value Fund)0.85%2025-03-31Open SEC expense filing
JDVNX (Disciplined Value Fund)0.60%2025-03-31Open SEC expense filing
JDVPX (Disciplined Value Fund)1.10%2025-03-31Open SEC expense filing
JDVVX (Disciplined Value Fund)0.65%2025-03-31Open SEC expense filing
JDVWX (Disciplined Value Fund)0.60%2025-03-31Open SEC expense filing
JVLAX (Disciplined Value Fund)0.96%2025-03-31Open SEC expense filing
JVLCX (Disciplined Value Fund)1.71%2025-03-31Open SEC expense filing
JVLIX (Disciplined Value Fund)0.71%2025-03-31Open 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 match82.9%
the Russell 1000 Value index82.9%
the S&P 50087.3%
the Russell 1000 index92.8%
the total US market92.8%
the Russell 1000 Growth index34.6%
the S&P MidCap 4004.7%
the S&P SmallCap 6000.0%
the Russell 2000 index0.0%

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 classWindowFee dragWindow dates
JDVFX10 years$21,4552016-07-29 to 2026-07-29
JDVFX20 years$75,7172006-07-31 to 2026-07-29
JDVFX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26
JDVNX10 years$15,2212016-07-29 to 2026-07-29
JDVNX20 years$54,3372006-07-31 to 2026-07-29
JDVNX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26
JDVPX10 years$27,5622016-07-29 to 2026-07-29
JDVPX20 years$96,1762006-07-31 to 2026-07-29
JDVPX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26
JDVVX10 years$16,4782016-07-29 to 2026-07-29
JDVVX20 years$58,6892006-07-31 to 2026-07-29
JDVVX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26
JDVWX10 years$15,2212016-07-29 to 2026-07-29
JDVWX20 years$54,3372006-07-31 to 2026-07-29
JDVWX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26
JVLAX10 years$24,1572016-07-29 to 2026-07-29
JVLAX20 years$84,8302006-07-31 to 2026-07-29
JVLAX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26
JVLCX10 years$41,9522016-07-29 to 2026-07-29
JVLCX20 years$142,4602006-07-31 to 2026-07-29
JVLCX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26
JVLIX10 years$17,9802016-07-29 to 2026-07-29
JVLIX20 years$63,8602006-07-31 to 2026-07-29
JVLIX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26

Check it yourself

  1. Open the fund’s linked SEC holdings filing and, for fees, the linked SEC expense filing in the table above.
  2. 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.
  3. 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": 387,
  "seriesId": "S000023715",
  "cik": 1329954,
  "seriesName": "Disciplined Value Fund",
  "classes": [
    {
      "classId": "C000076626",
      "ticker": "JDVFX",
      "netExpenseRatio": 0.0085,
      "expensePeriod": "2025-03-31",
      "sourceAccession": "0001193125-25-166131",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1329954/000119312525166131/0001193125-25-166131-index.html",
      "missingReason": null
    },
    {
      "classId": "C000078799",
      "ticker": "JDVNX",
      "netExpenseRatio": 0.006,
      "expensePeriod": "2025-03-31",
      "sourceAccession": "0001193125-25-170297",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1329954/000119312525170297/0001193125-25-170297-index.html",
      "missingReason": null
    },
    {
      "classId": "C000111293",
      "ticker": "JDVPX",
      "netExpenseRatio": 0.011,
      "expensePeriod": "2025-03-31",
      "sourceAccession": "0001193125-25-166131",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1329954/000119312525166131/0001193125-25-166131-index.html",
      "missingReason": null
    },
    {
      "classId": "C000076627",
      "ticker": "JDVVX",
      "netExpenseRatio": 0.0065,
      "expensePeriod": "2025-03-31",
      "sourceAccession": "0001193125-25-166131",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1329954/000119312525166131/0001193125-25-166131-index.html",
      "missingReason": null
    },
    {
      "classId": "C000104499",
      "ticker": "JDVWX",
      "netExpenseRatio": 0.006,
      "expensePeriod": "2025-03-31",
      "sourceAccession": "0001193125-25-166131",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1329954/000119312525166131/0001193125-25-166131-index.html",
      "missingReason": null
    },
    {
      "classId": "C000069762",
      "ticker": "JVLAX",
      "netExpenseRatio": 0.0096,
      "expensePeriod": "2025-03-31",
      "sourceAccession": "0001193125-25-166131",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1329954/000119312525166131/0001193125-25-166131-index.html",
      "missingReason": null
    },
    {
      "classId": "C000069764",
      "ticker": "JVLCX",
      "netExpenseRatio": 0.0171,
      "expensePeriod": "2025-03-31",
      "sourceAccession": "0001193125-25-166131",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1329954/000119312525166131/0001193125-25-166131-index.html",
      "missingReason": null
    },
    {
      "classId": "C000069766",
      "ticker": "JVLIX",
      "netExpenseRatio": 0.0071,
      "expensePeriod": "2025-03-31",
      "sourceAccession": "0001193125-25-166131",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1329954/000119312525166131/0001193125-25-166131-index.html",
      "missingReason": null
    }
  ],
  "fundFiling": {
    "cik": 1329954,
    "seriesId": "S000023715",
    "accession": "0001329954-26-000026",
    "filingDate": "2026-05-29",
    "periodOfReport": "2026-03-31",
    "primaryDocumentUrl": "https://www.sec.gov/Archives/edgar/data/1329954/000132995426000026/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": "IWD",
      "activeShare": 0.795464008143906,
      "identifierMatchRate": 0.828889015052514,
      "matchRateByIdentifier": {
        "cusip6": 0.828889015052514,
        "isin": 0,
        "unmatched": 0.171110984947486
      },
      "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": "EXXON MOBIL CORPORATION",
          "fundWeight": 0,
          "proxyWeight": 0.02364221176128185,
          "activeWeight": -0.02364221176128185,
          "blbTicker": "XOM"
        },
        {
          "name": "Kinross Gold Corporation",
          "fundWeight": 0.022971801246054243,
          "proxyWeight": 0,
          "activeWeight": 0.022971801246054243,
          "blbTicker": "KGC"
        },
        {
          "name": "US FOODS HOLDING CORP.",
          "fundWeight": 0.021304325192065696,
          "proxyWeight": 0.0006836414401476882,
          "activeWeight": 0.020620683751918008,
          "blbTicker": "USFD"
        },
        {
          "name": "JOHNSON & JOHNSON",
          "fundWeight": 0,
          "proxyWeight": 0.019402401495942925,
          "activeWeight": -0.019402401495942925,
          "blbTicker": "JNJ"
        },
        {
          "name": "MARATHON PETROLEUM CORPORATION",
          "fundWeight": 0.021528935241147202,
          "proxyWeight": 0.002422777054732787,
          "activeWeight": 0.019106158186414417,
          "blbTicker": "MPC"
        },
        {
          "name": "Cencora Inc.",
          "fundWeight": 0.01891009077398755,
          "proxyWeight": 0,
          "activeWeight": 0.01891009077398755,
          "blbTicker": "COR"
        },
        {
          "name": "CRH PUBLIC LIMITED COMPANY",
          "fundWeight": 0.020047450326294774,
          "proxyWeight": 0.0023265894381830523,
          "activeWeight": 0.01772086088811172,
          "blbTicker": null
        },
        {
          "name": "MCKESSON CORPORATION",
          "fundWeight": 0.0167424262019663,
          "proxyWeight": 0.00027679364996424546,
          "activeWeight": 0.016465632552002053,
          "blbTicker": "MCK"
        }
      ]
    },
    {
      "proxy": "IVV",
      "activeShare": 0.8107071721331809,
      "identifierMatchRate": 0.8733990292549878,
      "matchRateByIdentifier": {
        "cusip6": 0.817071499415548,
        "isin": 0.056327529839439804,
        "unmatched": 0.1266009707450122
      },
      "topActiveBets": [
        {
          "name": "NVIDIA Corp.",
          "fundWeight": 0.007326330690098734,
          "proxyWeight": 0.07581440036297338,
          "activeWeight": -0.06848806967287464,
          "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": "JPMorgan Chase & Co.",
          "fundWeight": 0.042406578376821005,
          "proxyWeight": 0.01418837977034,
          "activeWeight": 0.028218198606481004,
          "blbTicker": "JPM"
        },
        {
          "name": "Broadcom, Inc.",
          "fundWeight": 0,
          "proxyWeight": 0.026252612903398073,
          "activeWeight": -0.026252612903398073,
          "blbTicker": "AVGO"
        },
        {
          "name": "Kinross Gold Corporation",
          "fundWeight": 0.022971801246054243,
          "proxyWeight": 0,
          "activeWeight": 0.022971801246054243,
          "blbTicker": "KGC"
        },
        {
          "name": "US Foods Holding Corp.",
          "fundWeight": 0.021304325192065696,
          "proxyWeight": 0,
          "activeWeight": 0.021304325192065696,
          "blbTicker": "USFD"
        },
        {
          "name": "Marathon Petroleum Corp.",
          "fundWeight": 0.021528935241147202,
          "proxyWeight": 0.00128863385387812,
          "activeWeight": 0.02024030138726908,
          "blbTicker": "MPC"
        },
        {
          "name": "Philip Morris International, Inc.",
          "fundWeight": 0.02367155995663775,
          "proxyWeight": 0.004604526996023775,
          "activeWeight": 0.019067032960613975,
          "blbTicker": "PM"
        }
      ]
    },
    {
      "proxy": "IWB",
      "activeShare": 0.8177326721677618,
      "identifierMatchRate": 0.9276868759041313,
      "matchRateByIdentifier": {
        "cusip6": 0.9276868759041313,
        "isin": 0,
        "unmatched": 0.07231312409586865
      },
      "topActiveBets": [
        {
          "name": "APPLE INC.",
          "fundWeight": 0,
          "proxyWeight": 0.061141711446034384,
          "activeWeight": -0.061141711446034384,
          "blbTicker": "AAPL"
        },
        {
          "name": "NVIDIA CORPORATION",
          "fundWeight": 0.007326330690098734,
          "proxyWeight": 0.0682556096101088,
          "activeWeight": -0.06092927892001007,
          "blbTicker": "NVDA"
        },
        {
          "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": "JPMORGAN CHASE & CO.",
          "fundWeight": 0.042406578376821005,
          "proxyWeight": 0.013362762406892123,
          "activeWeight": 0.02904381596992888,
          "blbTicker": "JPM"
        },
        {
          "name": "BROADCOM INC.",
          "fundWeight": 0,
          "proxyWeight": 0.02390302187384336,
          "activeWeight": -0.02390302187384336,
          "blbTicker": "AVGO"
        },
        {
          "name": "Kinross Gold Corporation",
          "fundWeight": 0.022971801246054243,
          "proxyWeight": 0,
          "activeWeight": 0.022971801246054243,
          "blbTicker": "KGC"
        },
        {
          "name": "US FOODS HOLDING CORP.",
          "fundWeight": 0.021304325192065696,
          "proxyWeight": 0.00034519481658767736,
          "activeWeight": 0.02095913037547802,
          "blbTicker": "USFD"
        },
        {
          "name": "MARATHON PETROLEUM CORPORATION",
          "fundWeight": 0.021528935241147202,
          "proxyWeight": 0.0012276296579804388,
          "activeWeight": 0.020301305583166764,
          "blbTicker": "MPC"
        },
        {
          "name": "Philip Morris International Inc.",
          "fundWeight": 0.02367155995663775,
          "proxyWeight": 0.004307579392568325,
          "activeWeight": 0.019363980564069426,
          "blbTicker": "PM"
        }
      ]
    },
    {
      "proxy": "VTI",
      "activeShare": 0.8253906361186346,
      "identifierMatchRate": 0.9276868759041313,
      "matchRateByIdentifier": {
        "cusip6": 0.9276868759041313,
        "isin": 0,
        "unmatched": 0.07231312409586865
      },
      "topActiveBets": [
        {
          "name": "Apple Inc",
          "fundWeight": 0,
          "proxyWeight": 0.0596212042704501,
          "activeWeight": -0.0596212042704501,
          "blbTicker": "AAPL"
        },
        {
          "name": "NVIDIA Corp",
          "fundWeight": 0.007326330690098734,
          "proxyWeight": 0.06442311309214421,
          "activeWeight": -0.05709678240204548,
          "blbTicker": "NVDA"
        },
        {
          "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": "JPMorgan Chase & Co",
          "fundWeight": 0.042406578376821005,
          "proxyWeight": 0.011970632673638926,
          "activeWeight": 0.03043594570318208,
          "blbTicker": "JPM"
        },
        {
          "name": "Broadcom Inc",
          "fundWeight": 0,
          "proxyWeight": 0.023482055276800976,
          "activeWeight": -0.023482055276800976,
          "blbTicker": "AVGO"
        },
        {
          "name": "Kinross Gold Corporation",
          "fundWeight": 0.022971801246054243,
          "proxyWeight": 0,
          "activeWeight": 0.022971801246054243,
          "blbTicker": "KGC"
        },
        {
          "name": "US Foods Holding Corp",
          "fundWeight": 0.021304325192065696,
          "proxyWeight": 0.00032522759467163836,
          "activeWeight": 0.020979097597394056,
          "blbTicker": "USFD"
        },
        {
          "name": "Marathon Petroleum Corp",
          "fundWeight": 0.021528935241147202,
          "proxyWeight": 0.0011515611550446826,
          "activeWeight": 0.020377374086102518,
          "blbTicker": "MPC"
        },
        {
          "name": "Philip Morris International Inc",
          "fundWeight": 0.02367155995663775,
          "proxyWeight": 0.004118952533453318,
          "activeWeight": 0.01955260742318443,
          "blbTicker": "PM"
        }
      ]
    },
    {
      "proxy": "IWF",
      "activeShare": 0.8776229005280267,
      "identifierMatchRate": 0.345511052752987,
      "matchRateByIdentifier": {
        "cusip6": 0.345511052752987,
        "isin": 0,
        "unmatched": 0.654488947247013
      },
      "topActiveBets": [
        {
          "name": "NVIDIA CORPORATION",
          "fundWeight": 0.007326330690098734,
          "proxyWeight": 0.12945460879335305,
          "activeWeight": -0.12212827810325431,
          "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": "JPMorgan Chase and Co.",
          "fundWeight": 0.042406578376821005,
          "proxyWeight": 0,
          "activeWeight": 0.042406578376821005,
          "blbTicker": null
        },
        {
          "name": "TESLA, INC.",
          "fundWeight": 0,
          "proxyWeight": 0.03554779995344603,
          "activeWeight": -0.03554779995344603,
          "blbTicker": "TSLA"
        },
        {
          "name": "ELI LILLY AND COMPANY",
          "fundWeight": 0,
          "proxyWeight": 0.026625797887620695,
          "activeWeight": -0.026625797887620695,
          "blbTicker": null
        },
        {
          "name": "Philip Morris International Inc.",
          "fundWeight": 0.02367155995663775,
          "proxyWeight": 0,
          "activeWeight": 0.02367155995663775,
          "blbTicker": "PM"
        },
        {
          "name": "Kinross Gold Corporation",
          "fundWeight": 0.022971801246054243,
          "proxyWeight": 0,
          "activeWeight": 0.022971801246054243,
          "blbTicker": "KGC"
        }
      ]
    },
    {
      "proxy": "IJH",
      "activeShare": 0.9758579007407914,
      "identifierMatchRate": 0.046875834459587706,
      "matchRateByIdentifier": {
        "cusip6": 0.0354306146634927,
        "isin": 0.011445219796095012,
        "unmatched": 0.9531241655404123
      },
      "topActiveBets": [
        {
          "name": "JPMorgan Chase and Co.",
          "fundWeight": 0.042406578376821005,
          "proxyWeight": 0,
          "activeWeight": 0.042406578376821005,
          "blbTicker": null
        },
        {
          "name": "Amazon.com Inc.",
          "fundWeight": 0.02775141921910186,
          "proxyWeight": 0,
          "activeWeight": 0.02775141921910186,
          "blbTicker": "AMZN"
        },
        {
          "name": "Philip Morris International Inc.",
          "fundWeight": 0.02367155995663775,
          "proxyWeight": 0,
          "activeWeight": 0.02367155995663775,
          "blbTicker": "PM"
        },
        {
          "name": "Kinross Gold Corporation",
          "fundWeight": 0.022971801246054243,
          "proxyWeight": 0,
          "activeWeight": 0.022971801246054243,
          "blbTicker": "KGC"
        },
        {
          "name": "Marathon Petroleum Corporation",
          "fundWeight": 0.021528935241147202,
          "proxyWeight": 0,
          "activeWeight": 0.021528935241147202,
          "blbTicker": "MPC"
        },
        {
          "name": "Micron Technology Inc.",
          "fundWeight": 0.020979578256384586,
          "proxyWeight": 0,
          "activeWeight": 0.020979578256384586,
          "blbTicker": "MU"
        },
        {
          "name": "Applied Materials Inc.",
          "fundWeight": 0.020250125008099605,
          "proxyWeight": 0,
          "activeWeight": 0.020250125008099605,
          "blbTicker": null
        },
        {
          "name": "CRH Public Limited Company",
          "fundWeight": 0.020047450326294774,
          "proxyWeight": 0,
          "activeWeight": 0.020047450326294774,
          "blbTicker": null
        },
        {
          "name": "Cencora Inc.",
          "fundWeight": 0.01891009077398755,
          "proxyWeight": 0,
          "activeWeight": 0.01891009077398755,
          "blbTicker": "COR"
        },
        {
          "name": "Honeywell International Inc.",
          "fundWeight": 0.018514481625963676,
          "proxyWeight": 0,
          "activeWeight": 0.018514481625963676,
          "blbTicker": "HON"
        }
      ]
    },
    {
      "proxy": "IJR",
      "activeShare": 0.9999999999999997,
      "identifierMatchRate": 0,
      "matchRateByIdentifier": {
        "cusip6": 0,
        "isin": 0,
        "unmatched": 1
      },
      "topActiveBets": [
        {
          "name": "JPMorgan Chase and Co.",
          "fundWeight": 0.042406578376821005,
          "proxyWeight": 0,
          "activeWeight": 0.042406578376821005,
          "blbTicker": null
        },
        {
          "name": "Amazon.com Inc.",
          "fundWeight": 0.02775141921910186,
          "proxyWeight": 0,
          "activeWeight": 0.02775141921910186,
          "blbTicker": "AMZN"
        },
        {
          "name": "Philip Morris International Inc.",
          "fundWeight": 0.02367155995663775,
          "proxyWeight": 0,
          "activeWeight": 0.02367155995663775,
          "blbTicker": "PM"
        },
        {
          "name": "Kinross Gold Corporation",
          "fundWeight": 0.022971801246054243,
          "proxyWeight": 0,
          "activeWeight": 0.022971801246054243,
          "blbTicker": "KGC"
        },
        {
          "name": "Marathon Petroleum Corporation",
          "fundWeight": 0.021528935241147202,
          "proxyWeight": 0,
          "activeWeight": 0.021528935241147202,
          "blbTicker": "MPC"
        },
        {
          "name": "US Foods Holding Corp.",
          "fundWeight": 0.021304325192065696,
          "proxyWeight": 0,
          "activeWeight": 0.021304325192065696,
          "blbTicker": "USFD"
        },
        {
          "name": "Micron Technology Inc.",
          "fundWeight": 0.020979578256384586,
          "proxyWeight": 0,
          "activeWeight": 0.020979578256384586,
          "blbTicker": "MU"
        },
        {
          "name": "Applied Materials Inc.",
          "fundWeight": 0.020250125008099605,
          "proxyWeight": 0,
          "activeWeight": 0.020250125008099605,
          "blbTicker": null
        },
        {
          "name": "CRH Public Limited Company",
          "fundWeight": 0.020047450326294774,
          "proxyWeight": 0,
          "activeWeight": 0.020047450326294774,
          "blbTicker": null
        },
        {
          "name": "Cencora Inc.",
          "fundWeight": 0.01891009077398755,
          "proxyWeight": 0,
          "activeWeight": 0.01891009077398755,
          "blbTicker": "COR"
        }
      ]
    },
    {
      "proxy": "IWM",
      "activeShare": 1.0000000000000002,
      "identifierMatchRate": 0,
      "matchRateByIdentifier": {
        "cusip6": 0,
        "isin": 0,
        "unmatched": 1
      },
      "topActiveBets": [
        {
          "name": "JPMorgan Chase and Co.",
          "fundWeight": 0.042406578376821005,
          "proxyWeight": 0,
          "activeWeight": 0.042406578376821005,
          "blbTicker": null
        },
        {
          "name": "Amazon.com Inc.",
          "fundWeight": 0.02775141921910186,
          "proxyWeight": 0,
          "activeWeight": 0.02775141921910186,
          "blbTicker": "AMZN"
        },
        {
          "name": "Philip Morris International Inc.",
          "fundWeight": 0.02367155995663775,
          "proxyWeight": 0,
          "activeWeight": 0.02367155995663775,
          "blbTicker": "PM"
        },
        {
          "name": "Kinross Gold Corporation",
          "fundWeight": 0.022971801246054243,
          "proxyWeight": 0,
          "activeWeight": 0.022971801246054243,
          "blbTicker": "KGC"
        },
        {
          "name": "Marathon Petroleum Corporation",
          "fundWeight": 0.021528935241147202,
          "proxyWeight": 0,
          "activeWeight": 0.021528935241147202,
          "blbTicker": "MPC"
        },
        {
          "name": "US Foods Holding Corp.",
          "fundWeight": 0.021304325192065696,
          "proxyWeight": 0,
          "activeWeight": 0.021304325192065696,
          "blbTicker": "USFD"
        },
        {
          "name": "Micron Technology Inc.",
          "fundWeight": 0.020979578256384586,
          "proxyWeight": 0,
          "activeWeight": 0.020979578256384586,
          "blbTicker": "MU"
        },
        {
          "name": "Applied Materials Inc.",
          "fundWeight": 0.020250125008099605,
          "proxyWeight": 0,
          "activeWeight": 0.020250125008099605,
          "blbTicker": null
        },
        {
          "name": "CRH Public Limited Company",
          "fundWeight": 0.020047450326294774,
          "proxyWeight": 0,
          "activeWeight": 0.020047450326294774,
          "blbTicker": null
        },
        {
          "name": "Cencora Inc.",
          "fundWeight": 0.01891009077398755,
          "proxyWeight": 0,
          "activeWeight": 0.01891009077398755,
          "blbTicker": "COR"
        }
      ]
    }
  ],
  "bestFitProxy": "IWD",
  "bestFitActiveShare": 0.795464008143906,
  "declaredBenchmarkName": "Russell 1000 Index",
  "declaredBenchmarkPeriod": "2025-03-31",
  "declaredBenchmarkAccession": "0001193125-25-170297",
  "declaredBenchmarkSourceUrl": "https://www.sec.gov/Archives/edgar/data/1329954/000119312525170297/0001193125-25-170297-index.html",
  "declaredProxy": "IWB",
  "declaredActiveShare": 0.8177326721677618,
  "benchmarkMismatch": "mismatch",
  "identifierMatchRate": 0.828889015052514,
  "reviewRequired": false,
  "reviewReason": null,
  "feePerActiveUnitByClass": [
    {
      "classId": "C000076626",
      "value": 0.010685587170478591
    },
    {
      "classId": "C000078799",
      "value": 0.007542767414455477
    },
    {
      "classId": "C000111293",
      "value": 0.013828406926501705
    },
    {
      "classId": "C000076627",
      "value": 0.008171331365660098
    },
    {
      "classId": "C000104499",
      "value": 0.007542767414455477
    },
    {
      "classId": "C000069762",
      "value": 0.01206842786312876
    },
    {
      "classId": "C000069764",
      "value": 0.021496887131198107
    },
    {
      "classId": "C000069766",
      "value": 0.008925608107105647
    }
  ],
  "feeDragBaselineExpenseRatio": 0.0001,
  "feeDragByClass": [
    {
      "classId": "C000076626",
      "projections": [
        {
          "horizonYears": 10,
          "fundEndingValue": 150173.3064020915,
          "baselineEndingValue": 162734.39632475894,
          "feeDragVsBaseline": 12561.089922667452
        },
        {
          "horizonYears": 20,
          "fundEndingValue": 225520.21955736453,
          "baselineEndingValue": 264824.8374718372,
          "feeDragVsBaseline": 39304.61791447265
        },
        {
          "horizonYears": 30,
          "fundEndingValue": 338671.1703145505,
          "baselineEndingValue": 430961.10057781835,
          "feeDragVsBaseline": 92289.93026326783
        }
      ]
    },
    {
      "classId": "C000078799",
      "projections": [
        {
          "horizonYears": 10,
          "fundEndingValue": 153817.2301826074,
          "baselineEndingValue": 162734.39632475894,
          "feeDragVsBaseline": 8917.166142151546
        },
        {
          "horizonYears": 20,
          "fundEndingValue": 236597.40301049227,
          "baselineEndingValue": 264824.8374718372,
          "feeDragVsBaseline": 28227.434461344907
        },
        {
          "horizonYears": 30,
          "fundEndingValue": 363927.5719947202,
          "baselineEndingValue": 430961.10057781835,
          "feeDragVsBaseline": 67033.52858309814
        }
      ]
    },
    {
      "classId": "C000111293",
      "projections": [
        {
          "horizonYears": 10,
          "fundEndingValue": 146607.25947549965,
          "baselineEndingValue": 162734.39632475894,
          "feeDragVsBaseline": 16127.136849259288
        },
        {
          "horizonYears": 20,
          "fundEndingValue": 214936.88530916485,
          "baselineEndingValue": 264824.8374718372,
          "feeDragVsBaseline": 49887.95216267233
        },
        {
          "horizonYears": 30,
          "fundEndingValue": 315113.0771537644,
          "baselineEndingValue": 430961.10057781835,
          "feeDragVsBaseline": 115848.02342405397
        }
      ]
    },
    {
      "classId": "C000076627",
      "projections": [
        {
          "horizonYears": 10,
          "fundEndingValue": 153082.14325467765,
          "baselineEndingValue": 162734.39632475894,
          "feeDragVsBaseline": 9652.253070081293
        },
        {
          "horizonYears": 20,
          "fundEndingValue": 234341.4258344565,
          "baselineEndingValue": 264824.8374718372,
          "feeDragVsBaseline": 30483.41163738069
        },
        {
          "horizonYears": 30,
          "fundEndingValue": 358734.87720095686,
          "baselineEndingValue": 430961.10057781835,
          "feeDragVsBaseline": 72226.22337686148
        }
      ]
    },
    {
      "classId": "C000104499",
      "projections": [
        {
          "horizonYears": 10,
          "fundEndingValue": 153817.2301826074,
          "baselineEndingValue": 162734.39632475894,
          "feeDragVsBaseline": 8917.166142151546
        },
        {
          "horizonYears": 20,
          "fundEndingValue": 236597.40301049227,
          "baselineEndingValue": 264824.8374718372,
          "feeDragVsBaseline": 28227.434461344907
        },
        {
          "horizonYears": 30,
          "fundEndingValue": 363927.5719947202,
          "baselineEndingValue": 430961.10057781835,
          "feeDragVsBaseline": 67033.52858309814
        }
      ]
    },
    {
      "classId": "C000069762",
      "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
        }
      ]
    },
    {
      "classId": "C000069764",
      "projections": [
        {
          "horizonYears": 10,
          "fundEndingValue": 138223.78280549197,
          "baselineEndingValue": 162734.39632475894,
          "feeDragVsBaseline": 24510.613519266975
        },
        {
          "horizonYears": 20,
          "fundEndingValue": 191058.14133059818,
          "baselineEndingValue": 264824.8374718372,
          "feeDragVsBaseline": 73766.696141239
        },
        {
          "horizonYears": 30,
          "fundEndingValue": 264087.79030501586,
          "baselineEndingValue": 430961.10057781835,
          "feeDragVsBaseline": 166873.31027280248
        }
      ]
    },
    {
      "classId": "C000069766",
      "projections": [
        {
          "horizonYears": 10,
          "fundEndingValue": 152204.21326036027,
          "baselineEndingValue": 162734.39632475894,
          "feeDragVsBaseline": 10530.183064398676
        },
        {
          "horizonYears": 20,
          "fundEndingValue": 231661.22534205223,
          "baselineEndingValue": 264824.8374718372,
          "feeDragVsBaseline": 33163.612129784946
        },
        {
          "horizonYears": 30,
          "fundEndingValue": 352598.14546118095,
          "baselineEndingValue": 430961.10057781835,
          "feeDragVsBaseline": 78362.9551166374
        }
      ]
    }
  ],
  "licensedReturnMetrics": {
    "provenance": "Computed on licensed market-return history",
    "computedAt": "2026-07-29T14:22:09.616Z",
    "proxy": "IWD",
    "proxyReturnBasis": "total",
    "feeDragByClass": [
      {
        "classId": "C000076626",
        "windows": [
          {
            "horizonYears": 10,
            "windowStart": "2016-07-29",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.1141186439566153,
            "fundEndingValue": 272899.53520689625,
            "baselineEndingValue": 294354.05767259095,
            "feeDragVsBaseline": 21454.522465694696,
            "missingReason": null
          },
          {
            "horizonYears": 20,
            "windowStart": "2006-07-31",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.08675622814786643,
            "fundEndingValue": 451100.97558600904,
            "baselineEndingValue": 526818.0645167516,
            "feeDragVsBaseline": 75717.08893074252,
            "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
      },
      {
        "classId": "C000078799",
        "windows": [
          {
            "horizonYears": 10,
            "windowStart": "2016-07-29",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.1141186439566153,
            "fundEndingValue": 279132.71374613943,
            "baselineEndingValue": 294354.05767259095,
            "feeDragVsBaseline": 15221.343926451518,
            "missingReason": null
          },
          {
            "horizonYears": 20,
            "windowStart": "2006-07-31",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.08675622814786643,
            "fundEndingValue": 472480.7333203307,
            "baselineEndingValue": 526818.0645167516,
            "feeDragVsBaseline": 54337.331196420884,
            "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
      },
      {
        "classId": "C000111293",
        "windows": [
          {
            "horizonYears": 10,
            "windowStart": "2016-07-29",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.1141186439566153,
            "fundEndingValue": 266791.90712043014,
            "baselineEndingValue": 294354.05767259095,
            "feeDragVsBaseline": 27562.150552160805,
            "missingReason": null
          },
          {
            "horizonYears": 20,
            "windowStart": "2006-07-31",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.08675622814786643,
            "fundEndingValue": 430642.3610147849,
            "baselineEndingValue": 526818.0645167516,
            "feeDragVsBaseline": 96175.70350196667,
            "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
      },
      {
        "classId": "C000076627",
        "windows": [
          {
            "horizonYears": 10,
            "windowStart": "2016-07-29",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.1141186439566153,
            "fundEndingValue": 277875.9246591439,
            "baselineEndingValue": 294354.05767259095,
            "feeDragVsBaseline": 16478.133013447048,
            "missingReason": null
          },
          {
            "horizonYears": 20,
            "windowStart": "2006-07-31",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.08675622814786643,
            "fundEndingValue": 468129.23106863524,
            "baselineEndingValue": 526818.0645167516,
            "feeDragVsBaseline": 58688.83344811632,
            "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
      },
      {
        "classId": "C000104499",
        "windows": [
          {
            "horizonYears": 10,
            "windowStart": "2016-07-29",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.1141186439566153,
            "fundEndingValue": 279132.71374613943,
            "baselineEndingValue": 294354.05767259095,
            "feeDragVsBaseline": 15221.343926451518,
            "missingReason": null
          },
          {
            "horizonYears": 20,
            "windowStart": "2006-07-31",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.08675622814786643,
            "fundEndingValue": 472480.7333203307,
            "baselineEndingValue": 526818.0645167516,
            "feeDragVsBaseline": 54337.331196420884,
            "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
      },
      {
        "classId": "C000069762",
        "windows": [
          {
            "horizonYears": 10,
            "windowStart": "2016-07-29",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.1141186439566153,
            "fundEndingValue": 270196.845084119,
            "baselineEndingValue": 294354.05767259095,
            "feeDragVsBaseline": 24157.212588471943,
            "missingReason": null
          },
          {
            "horizonYears": 20,
            "windowStart": "2006-07-31",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.08675622814786643,
            "fundEndingValue": 441987.9631013516,
            "baselineEndingValue": 526818.0645167516,
            "feeDragVsBaseline": 84830.10141539999,
            "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
      },
      {
        "classId": "C000069764",
        "windows": [
          {
            "horizonYears": 10,
            "windowStart": "2016-07-29",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.1141186439566153,
            "fundEndingValue": 252402.29052832158,
            "baselineEndingValue": 294354.05767259095,
            "feeDragVsBaseline": 41951.76714426937,
            "missingReason": null
          },
          {
            "horizonYears": 20,
            "windowStart": "2006-07-31",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.08675622814786643,
            "fundEndingValue": 384358.3839235119,
            "baselineEndingValue": 526818.0645167516,
            "feeDragVsBaseline": 142459.68059323967,
            "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
      },
      {
        "classId": "C000069766",
        "windows": [
          {
            "horizonYears": 10,
            "windowStart": "2016-07-29",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.1141186439566153,
            "fundEndingValue": 276374.5015753766,
            "baselineEndingValue": 294354.05767259095,
            "feeDragVsBaseline": 17979.556097214343,
            "missingReason": null
          },
          {
            "horizonYears": 20,
            "windowStart": "2006-07-31",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-26",
            "annualizedProxyReturn": 0.08675622814786643,
            "fundEndingValue": 462957.67947767884,
            "baselineEndingValue": 526818.0645167516,
            "feeDragVsBaseline": 63860.38503907272,
            "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": 82,
    "keptLongCommonEquity": 81,
    "droppedAssetCategory": {
      "STIV": 1
    },
    "droppedPayoffProfile": 0,
    "droppedNonPositivePct": 0
  },
  "publishable": true
}