Sensible Investor

Immutable verification record

Tax-Managed U.S. Large Cap Fund

Run 363649da-fcfb-4007-87ef-de06de7710ca · portfolio period 2026-04-30 · captured 2026-07-29T14:22:09.616Z

This is the permanent record of what our July 29, 2026 data run computed for Tax-Managed U.S. Large Cap 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

69.6% of this portfolio matches the S&P 500, which costs $10 a year per $100,000 to own outright. This fund charges $900 a year.

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, “Tax-Managed U.S. Large Cap Fund — best-fit active share,” 30.4% versus the S&P 500, fund portfolio as of 2026-04-30; measured against the filed holdings of iShares Core S&P 500 ETF (IVV), as of 2026-03-31. https://sensible-investor.com/registry/retsx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

RETSX filed expense ratio

Sensible Investor, “Tax-Managed U.S. Large Cap Fund — filed expense ratio,” 0.90% for RETSX, as of 2025-10-31. https://sensible-investor.com/registry/retsx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

RETSX fee per active unit

Sensible Investor, “Tax-Managed U.S. Large Cap Fund — fee per unit of active management,” 2.96% using the RETSX expense ratio as of 2025-10-31 and fund portfolio as of 2026-04-30. https://sensible-investor.com/registry/retsx/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 S&P 50030.4%measured against the filed holdings of iShares Core S&P 500 ETF (IVV), as of 2026-03-3191.8%
the Russell 1000 index32.5%measured against the filed holdings of iShares Russell 1000 ETF (IWB), as of 2026-03-3196.1%
the total US market34.4%measured against the filed holdings of Vanguard Total Stock Market ETF (VTI), as of 2026-03-3197.1%
the Russell 1000 Growth index47.4%measured against the filed holdings of iShares Russell 1000 Growth ETF (IWF), as of 2026-03-3160.5%
the Russell 1000 Value index58.4%measured against the filed holdings of iShares Russell 1000 Value ETF (IWD), as of 2026-03-3161.0%
the S&P MidCap 40096.7%measured against the filed holdings of iShares Core S&P Mid-Cap ETF (IJH), as of 2026-03-313.4%
the S&P SmallCap 60099.0%measured against the filed holdings of iShares Core S&P Small-Cap ETF (IJR), as of 2026-03-311.1%
the Russell 2000 index99.4%measured against the filed holdings of iShares Russell 2000 ETF (IWM), as of 2026-03-310.6%

Filed expense ratios by share class

Each fee is tied to its filed SEC source and period.
Share classExpense ratioFiling periodSEC document
RETSX (Tax-Managed U.S. Large Cap Fund)0.90%2025-10-31Open SEC expense filing
RTLAX (Tax-Managed U.S. Large Cap Fund)1.15%2025-10-31Open SEC expense filing
RTLCX (Tax-Managed U.S. Large Cap Fund)1.90%2025-10-31Open SEC expense filing
RTMTX (Tax-Managed U.S. Large Cap Fund)0.80%2025-10-31Open 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 match91.8%
the S&P 50091.8%
the Russell 1000 index96.1%
the total US market97.1%
the Russell 1000 Growth index60.5%
the Russell 1000 Value index61.0%
the S&P MidCap 4003.4%
the S&P SmallCap 6001.1%
the Russell 2000 index0.6%

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
RETSX10 years$29,9192016-07-29 to 2026-07-29
RETSX20 years$123,6212006-07-31 to 2026-07-29
RETSX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-19
RTLAX10 years$37,9532016-07-29 to 2026-07-29
RTLAX20 years$155,0762006-07-31 to 2026-07-29
RTLAX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-19
RTLCX10 years$61,1212016-07-29 to 2026-07-29
RTLCX20 years$241,6842006-07-31 to 2026-07-29
RTLCX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-19
RTMTX10 years$26,6612016-07-29 to 2026-07-29
RTMTX20 years$110,6542006-07-31 to 2026-07-29
RTMTX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-19

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": 534,
  "seriesId": "S000001570",
  "cik": 351601,
  "seriesName": "Tax-Managed U.S. Large Cap Fund",
  "classes": [
    {
      "classId": "C000004233",
      "ticker": "RETSX",
      "netExpenseRatio": 0.009,
      "expensePeriod": "2025-10-31",
      "sourceAccession": "0001193125-26-081241",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/351601/000119312526081241/0001193125-26-081241-index.html",
      "missingReason": null
    },
    {
      "classId": "C000089689",
      "ticker": "RTLAX",
      "netExpenseRatio": 0.0115,
      "expensePeriod": "2025-10-31",
      "sourceAccession": "0001193125-26-081241",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/351601/000119312526081241/0001193125-26-081241-index.html",
      "missingReason": null
    },
    {
      "classId": "C000004234",
      "ticker": "RTLCX",
      "netExpenseRatio": 0.019,
      "expensePeriod": "2025-10-31",
      "sourceAccession": "0001193125-26-081241",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/351601/000119312526081241/0001193125-26-081241-index.html",
      "missingReason": null
    },
    {
      "classId": "C000178286",
      "ticker": "RTMTX",
      "netExpenseRatio": 0.008,
      "expensePeriod": "2025-10-31",
      "sourceAccession": "0001193125-26-081241",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/351601/000119312526081241/0001193125-26-081241-index.html",
      "missingReason": null
    }
  ],
  "fundFiling": {
    "cik": 351601,
    "seriesId": "S000001570",
    "accession": "0001410368-26-063596",
    "filingDate": "2026-06-22",
    "periodOfReport": "2026-04-30",
    "primaryDocumentUrl": "https://www.sec.gov/Archives/edgar/data/351601/000141036826063596/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": "IVV",
      "activeShare": 0.30426869384352034,
      "identifierMatchRate": 0.9177074507330304,
      "matchRateByIdentifier": {
        "cusip6": 0.8841918497311493,
        "isin": 0.03351560100188109,
        "unmatched": 0.0822925492669696
      },
      "topActiveBets": [
        {
          "name": "Micron Technology, Inc.",
          "fundWeight": 0.017226986339476724,
          "proxyWeight": 0.006802190729813762,
          "activeWeight": 0.010424795609662963,
          "blbTicker": "MU"
        },
        {
          "name": "Tesla, Inc.",
          "fundWeight": 0.009633909317769434,
          "proxyWeight": 0.018704003099974168,
          "activeWeight": -0.009070093782204735,
          "blbTicker": "TSLA"
        },
        {
          "name": "Alphabet, Inc.",
          "fundWeight": 0.06258400289062323,
          "proxyWeight": 0.05395011904789741,
          "activeWeight": 0.008633883842725815,
          "blbTicker": "GOOGL"
        },
        {
          "name": "Eli Lilly & Co.",
          "fundWeight": 0.004785408663791973,
          "proxyWeight": 0.013038598239275336,
          "activeWeight": -0.008253189575483363,
          "blbTicker": "LLY"
        },
        {
          "name": "Berkshire Hathaway, Inc.",
          "fundWeight": 0.007470834158652797,
          "proxyWeight": 0.015719799867718154,
          "activeWeight": -0.008248965709065357,
          "blbTicker": null
        },
        {
          "name": "Caterpillar, Inc.",
          "fundWeight": 0,
          "proxyWeight": 0.005896678777306899,
          "activeWeight": -0.005896678777306899,
          "blbTicker": "CAT"
        },
        {
          "name": "Apple, Inc.",
          "fundWeight": 0.060924903986313055,
          "proxyWeight": 0.06665491076154913,
          "activeWeight": -0.0057300067752360725,
          "blbTicker": "AAPL"
        },
        {
          "name": "Lam Research Corp.",
          "fundWeight": 0.010443414116751171,
          "proxyWeight": 0.004773095860941176,
          "activeWeight": 0.005670318255809995,
          "blbTicker": "LRCX"
        },
        {
          "name": "Taiwan Semiconductor Manufacturing Co Ltd",
          "fundWeight": 0.005031040984536801,
          "proxyWeight": 0,
          "activeWeight": 0.005031040984536801,
          "blbTicker": "TSM"
        },
        {
          "name": "Celanese Corp",
          "fundWeight": 0.005000208917131969,
          "proxyWeight": 0,
          "activeWeight": 0.005000208917131969,
          "blbTicker": "CE"
        }
      ]
    },
    {
      "proxy": "IWB",
      "activeShare": 0.324507909118271,
      "identifierMatchRate": 0.9606830717353739,
      "matchRateByIdentifier": {
        "cusip6": 0.9314543431344352,
        "isin": 0.02922872860093873,
        "unmatched": 0.03931692826462607
      },
      "topActiveBets": [
        {
          "name": "ALPHABET INC.",
          "fundWeight": 0.06258400289062323,
          "proxyWeight": 0.05065642492692142,
          "activeWeight": 0.011927577963701808,
          "blbTicker": "GOOGL"
        },
        {
          "name": "MICRON TECHNOLOGY, INC.",
          "fundWeight": 0.017226986339476724,
          "proxyWeight": 0.006311961316359705,
          "activeWeight": 0.010915025023117019,
          "blbTicker": "MU"
        },
        {
          "name": "NVIDIA CORPORATION",
          "fundWeight": 0.07793317129904741,
          "proxyWeight": 0.0682556096101088,
          "activeWeight": 0.009677561688938602,
          "blbTicker": "NVDA"
        },
        {
          "name": "TESLA, INC.",
          "fundWeight": 0.009633909317769434,
          "proxyWeight": 0.01754062268368833,
          "activeWeight": -0.007906713365918897,
          "blbTicker": "TSLA"
        },
        {
          "name": "ELI LILLY AND COMPANY",
          "fundWeight": 0.004785408663791973,
          "proxyWeight": 0.012322686754996556,
          "activeWeight": -0.007537278091204583,
          "blbTicker": null
        },
        {
          "name": "BERKSHIRE HATHAWAY INC.",
          "fundWeight": 0.007470834158652797,
          "proxyWeight": 0.014779908294339937,
          "activeWeight": -0.007309074135687141,
          "blbTicker": null
        },
        {
          "name": "LAM RESEARCH CORPORATION",
          "fundWeight": 0.010443414116751171,
          "proxyWeight": 0.00448588837723414,
          "activeWeight": 0.005957525739517031,
          "blbTicker": "LRCX"
        },
        {
          "name": "AMAZON.COM, INC.",
          "fundWeight": 0.039222903672394685,
          "proxyWeight": 0.03340870139504772,
          "activeWeight": 0.005814202277346962,
          "blbTicker": "AMZN"
        },
        {
          "name": "CATERPILLAR INC.",
          "fundWeight": 0,
          "proxyWeight": 0.005485307588064947,
          "activeWeight": -0.005485307588064947,
          "blbTicker": "CAT"
        },
        {
          "name": "Taiwan Semiconductor Manufacturing Co Ltd",
          "fundWeight": 0.005031040984536801,
          "proxyWeight": 0,
          "activeWeight": 0.005031040984536801,
          "blbTicker": "TSM"
        }
      ]
    },
    {
      "proxy": "VTI",
      "activeShare": 0.3436735692986072,
      "identifierMatchRate": 0.9705456741700508,
      "matchRateByIdentifier": {
        "cusip6": 0.9371197105163107,
        "isin": 0.03342596365374007,
        "unmatched": 0.029454325829949224
      },
      "topActiveBets": [
        {
          "name": "Alphabet Inc",
          "fundWeight": 0.06258400289062323,
          "proxyWeight": 0.0480065065993559,
          "activeWeight": 0.014577496291267325,
          "blbTicker": "GOOGL"
        },
        {
          "name": "NVIDIA Corp",
          "fundWeight": 0.07793317129904741,
          "proxyWeight": 0.06442311309214421,
          "activeWeight": 0.013510058206903194,
          "blbTicker": "NVDA"
        },
        {
          "name": "Micron Technology Inc",
          "fundWeight": 0.017226986339476724,
          "proxyWeight": 0.006084473834752123,
          "activeWeight": 0.011142512504724601,
          "blbTicker": "MU"
        },
        {
          "name": "Eli Lilly & Co",
          "fundWeight": 0.004785408663791973,
          "proxyWeight": 0.012496089782770682,
          "activeWeight": -0.0077106811189787084,
          "blbTicker": "LLY"
        },
        {
          "name": "Tesla Inc",
          "fundWeight": 0.009633909317769434,
          "proxyWeight": 0.016742701430295753,
          "activeWeight": -0.007108792112526319,
          "blbTicker": "TSLA"
        },
        {
          "name": "Amazon.com Inc",
          "fundWeight": 0.039222903672394685,
          "proxyWeight": 0.03219839879780581,
          "activeWeight": 0.007024504874588874,
          "blbTicker": "AMZN"
        },
        {
          "name": "Berkshire Hathaway Inc",
          "fundWeight": 0.007470834158652797,
          "proxyWeight": 0.014133329230630496,
          "activeWeight": -0.006662495071977699,
          "blbTicker": null
        },
        {
          "name": "Lam Research Corp",
          "fundWeight": 0.010443414116751171,
          "proxyWeight": 0.004269287867178601,
          "activeWeight": 0.00617412624957257,
          "blbTicker": "LRCX"
        },
        {
          "name": "Caterpillar Inc",
          "fundWeight": 0,
          "proxyWeight": 0.005274448808217403,
          "activeWeight": -0.005274448808217403,
          "blbTicker": "CAT"
        },
        {
          "name": "Taiwan Semiconductor Manufacturing Co Ltd",
          "fundWeight": 0.005031040984536801,
          "proxyWeight": 0,
          "activeWeight": 0.005031040984536801,
          "blbTicker": "TSM"
        }
      ]
    },
    {
      "proxy": "IWF",
      "activeShare": 0.4739111956394889,
      "identifierMatchRate": 0.6046310389523252,
      "matchRateByIdentifier": {
        "cusip6": 0.5985548397196717,
        "isin": 0.0060761992326535,
        "unmatched": 0.3953689610476748
      },
      "topActiveBets": [
        {
          "name": "APPLE INC.",
          "fundWeight": 0.060924903986313055,
          "proxyWeight": 0.11656856171702823,
          "activeWeight": -0.055643657730715175,
          "blbTicker": "AAPL"
        },
        {
          "name": "NVIDIA CORPORATION",
          "fundWeight": 0.07793317129904741,
          "proxyWeight": 0.12945460879335305,
          "activeWeight": -0.05152143749430564,
          "blbTicker": "NVDA"
        },
        {
          "name": "MICROSOFT CORPORATION",
          "fundWeight": 0.0454063902362736,
          "proxyWeight": 0.08836575239353556,
          "activeWeight": -0.042959362157261954,
          "blbTicker": "MSFT"
        },
        {
          "name": "TESLA, INC.",
          "fundWeight": 0.009633909317769434,
          "proxyWeight": 0.03554779995344603,
          "activeWeight": -0.025913890635676597,
          "blbTicker": "TSLA"
        },
        {
          "name": "BROADCOM INC.",
          "fundWeight": 0.02576160008993882,
          "proxyWeight": 0.0479715320446599,
          "activeWeight": -0.02220993195472108,
          "blbTicker": "AVGO"
        },
        {
          "name": "ELI LILLY AND COMPANY",
          "fundWeight": 0.004785408663791973,
          "proxyWeight": 0.026625797887620695,
          "activeWeight": -0.02184038922382872,
          "blbTicker": null
        },
        {
          "name": "Micron Technology Inc",
          "fundWeight": 0.017226986339476724,
          "proxyWeight": 0,
          "activeWeight": 0.017226986339476724,
          "blbTicker": "MU"
        },
        {
          "name": "META PLATFORMS, INC.",
          "fundWeight": 0.019824292279467588,
          "proxyWeight": 0.03462435618217455,
          "activeWeight": -0.01480006390270696,
          "blbTicker": "META"
        },
        {
          "name": "PALANTIR TECHNOLOGIES INC.",
          "fundWeight": 0.0012167370382333504,
          "proxyWeight": 0.01154575430437406,
          "activeWeight": -0.01032901726614071,
          "blbTicker": "PLTR"
        },
        {
          "name": "VISA INC.",
          "fundWeight": 0.008137843668972388,
          "proxyWeight": 0.0183841198292503,
          "activeWeight": -0.010246276160277913,
          "blbTicker": "V"
        }
      ]
    },
    {
      "proxy": "IWD",
      "activeShare": 0.5843392874207869,
      "identifierMatchRate": 0.6104097262327851,
      "matchRateByIdentifier": {
        "cusip6": 0.5856553766395716,
        "isin": 0.024754349593213567,
        "unmatched": 0.3895902737672149
      },
      "topActiveBets": [
        {
          "name": "NVIDIA Corp",
          "fundWeight": 0.07793317129904741,
          "proxyWeight": 0,
          "activeWeight": 0.07793317129904741,
          "blbTicker": "NVDA"
        },
        {
          "name": "Apple Inc",
          "fundWeight": 0.060924903986313055,
          "proxyWeight": 0,
          "activeWeight": 0.060924903986313055,
          "blbTicker": "AAPL"
        },
        {
          "name": "Microsoft Corp",
          "fundWeight": 0.0454063902362736,
          "proxyWeight": 0,
          "activeWeight": 0.0454063902362736,
          "blbTicker": "MSFT"
        },
        {
          "name": "ALPHABET INC.",
          "fundWeight": 0.06258400289062323,
          "proxyWeight": 0.0354650771022033,
          "activeWeight": 0.02711892578841993,
          "blbTicker": "GOOGL"
        },
        {
          "name": "Broadcom Inc",
          "fundWeight": 0.02576160008993882,
          "proxyWeight": 0,
          "activeWeight": 0.02576160008993882,
          "blbTicker": "AVGO"
        },
        {
          "name": "BERKSHIRE HATHAWAY INC.",
          "fundWeight": 0.007470834158652797,
          "proxyWeight": 0.0291526208979656,
          "activeWeight": -0.0216817867393128,
          "blbTicker": null
        },
        {
          "name": "AMAZON.COM, INC.",
          "fundWeight": 0.039222903672394685,
          "proxyWeight": 0.01811686041169112,
          "activeWeight": 0.021106043260703564,
          "blbTicker": "AMZN"
        },
        {
          "name": "JPMORGAN CHASE & CO.",
          "fundWeight": 0.009551032748458086,
          "proxyWeight": 0.026357976973082797,
          "activeWeight": -0.016806944224624712,
          "blbTicker": "JPM"
        },
        {
          "name": "EXXON MOBIL CORPORATION",
          "fundWeight": 0.008701008524028627,
          "proxyWeight": 0.02364221176128185,
          "activeWeight": -0.014941203237253222,
          "blbTicker": "XOM"
        },
        {
          "name": "JOHNSON & JOHNSON",
          "fundWeight": 0.005568772927485264,
          "proxyWeight": 0.019402401495942925,
          "activeWeight": -0.01383362856845766,
          "blbTicker": "JNJ"
        }
      ]
    },
    {
      "proxy": "IJH",
      "activeShare": 0.9667618615474531,
      "identifierMatchRate": 0.03425137745280447,
      "matchRateByIdentifier": {
        "cusip6": 0.03302975251325032,
        "isin": 0.001221624939554146,
        "unmatched": 0.9657486225471955
      },
      "topActiveBets": [
        {
          "name": "NVIDIA Corp",
          "fundWeight": 0.07793317129904741,
          "proxyWeight": 0,
          "activeWeight": 0.07793317129904741,
          "blbTicker": "NVDA"
        },
        {
          "name": "Alphabet Inc",
          "fundWeight": 0.06258400289062323,
          "proxyWeight": 0,
          "activeWeight": 0.06258400289062323,
          "blbTicker": "GOOGL"
        },
        {
          "name": "Apple Inc",
          "fundWeight": 0.060924903986313055,
          "proxyWeight": 0,
          "activeWeight": 0.060924903986313055,
          "blbTicker": "AAPL"
        },
        {
          "name": "Microsoft Corp",
          "fundWeight": 0.0454063902362736,
          "proxyWeight": 0,
          "activeWeight": 0.0454063902362736,
          "blbTicker": "MSFT"
        },
        {
          "name": "Amazon.com Inc",
          "fundWeight": 0.039222903672394685,
          "proxyWeight": 0,
          "activeWeight": 0.039222903672394685,
          "blbTicker": "AMZN"
        },
        {
          "name": "Broadcom Inc",
          "fundWeight": 0.02576160008993882,
          "proxyWeight": 0,
          "activeWeight": 0.02576160008993882,
          "blbTicker": "AVGO"
        },
        {
          "name": "Meta Platforms Inc",
          "fundWeight": 0.019824292279467588,
          "proxyWeight": 0,
          "activeWeight": 0.019824292279467588,
          "blbTicker": "META"
        },
        {
          "name": "Micron Technology Inc",
          "fundWeight": 0.017226986339476724,
          "proxyWeight": 0,
          "activeWeight": 0.017226986339476724,
          "blbTicker": "MU"
        },
        {
          "name": "Lam Research Corp",
          "fundWeight": 0.010443414116751171,
          "proxyWeight": 0,
          "activeWeight": 0.010443414116751171,
          "blbTicker": "LRCX"
        },
        {
          "name": "Costco Wholesale Corp",
          "fundWeight": 0.010351405034881392,
          "proxyWeight": 0,
          "activeWeight": 0.010351405034881392,
          "blbTicker": null
        }
      ]
    },
    {
      "proxy": "IJR",
      "activeShare": 0.9896123291629165,
      "identifierMatchRate": 0.010610370837575399,
      "matchRateByIdentifier": {
        "cusip6": 0.010606191844030709,
        "isin": 0.000004178993544689924,
        "unmatched": 0.9893896291624246
      },
      "topActiveBets": [
        {
          "name": "NVIDIA Corp",
          "fundWeight": 0.07793317129904741,
          "proxyWeight": 0,
          "activeWeight": 0.07793317129904741,
          "blbTicker": "NVDA"
        },
        {
          "name": "Alphabet Inc",
          "fundWeight": 0.06258400289062323,
          "proxyWeight": 0,
          "activeWeight": 0.06258400289062323,
          "blbTicker": "GOOGL"
        },
        {
          "name": "Apple Inc",
          "fundWeight": 0.060924903986313055,
          "proxyWeight": 0,
          "activeWeight": 0.060924903986313055,
          "blbTicker": "AAPL"
        },
        {
          "name": "Microsoft Corp",
          "fundWeight": 0.0454063902362736,
          "proxyWeight": 0,
          "activeWeight": 0.0454063902362736,
          "blbTicker": "MSFT"
        },
        {
          "name": "Amazon.com Inc",
          "fundWeight": 0.039222903672394685,
          "proxyWeight": 0,
          "activeWeight": 0.039222903672394685,
          "blbTicker": "AMZN"
        },
        {
          "name": "Broadcom Inc",
          "fundWeight": 0.02576160008993882,
          "proxyWeight": 0,
          "activeWeight": 0.02576160008993882,
          "blbTicker": "AVGO"
        },
        {
          "name": "Meta Platforms Inc",
          "fundWeight": 0.019824292279467588,
          "proxyWeight": 0,
          "activeWeight": 0.019824292279467588,
          "blbTicker": "META"
        },
        {
          "name": "Micron Technology Inc",
          "fundWeight": 0.017226986339476724,
          "proxyWeight": 0,
          "activeWeight": 0.017226986339476724,
          "blbTicker": "MU"
        },
        {
          "name": "Lam Research Corp",
          "fundWeight": 0.010443414116751171,
          "proxyWeight": 0,
          "activeWeight": 0.010443414116751171,
          "blbTicker": "LRCX"
        },
        {
          "name": "Costco Wholesale Corp",
          "fundWeight": 0.010351405034881392,
          "proxyWeight": 0,
          "activeWeight": 0.010351405034881392,
          "blbTicker": null
        }
      ]
    },
    {
      "proxy": "IWM",
      "activeShare": 0.9943632591795746,
      "identifierMatchRate": 0.00586180094230474,
      "matchRateByIdentifier": {
        "cusip6": 0.005436934772145442,
        "isin": 0.0004248661701592976,
        "unmatched": 0.9941381990576953
      },
      "topActiveBets": [
        {
          "name": "NVIDIA Corp",
          "fundWeight": 0.07793317129904741,
          "proxyWeight": 0,
          "activeWeight": 0.07793317129904741,
          "blbTicker": "NVDA"
        },
        {
          "name": "Alphabet Inc",
          "fundWeight": 0.06258400289062323,
          "proxyWeight": 0,
          "activeWeight": 0.06258400289062323,
          "blbTicker": "GOOGL"
        },
        {
          "name": "Apple Inc",
          "fundWeight": 0.060924903986313055,
          "proxyWeight": 0,
          "activeWeight": 0.060924903986313055,
          "blbTicker": "AAPL"
        },
        {
          "name": "Microsoft Corp",
          "fundWeight": 0.0454063902362736,
          "proxyWeight": 0,
          "activeWeight": 0.0454063902362736,
          "blbTicker": "MSFT"
        },
        {
          "name": "Amazon.com Inc",
          "fundWeight": 0.039222903672394685,
          "proxyWeight": 0,
          "activeWeight": 0.039222903672394685,
          "blbTicker": "AMZN"
        },
        {
          "name": "Broadcom Inc",
          "fundWeight": 0.02576160008993882,
          "proxyWeight": 0,
          "activeWeight": 0.02576160008993882,
          "blbTicker": "AVGO"
        },
        {
          "name": "Meta Platforms Inc",
          "fundWeight": 0.019824292279467588,
          "proxyWeight": 0,
          "activeWeight": 0.019824292279467588,
          "blbTicker": "META"
        },
        {
          "name": "Micron Technology Inc",
          "fundWeight": 0.017226986339476724,
          "proxyWeight": 0,
          "activeWeight": 0.017226986339476724,
          "blbTicker": "MU"
        },
        {
          "name": "Lam Research Corp",
          "fundWeight": 0.010443414116751171,
          "proxyWeight": 0,
          "activeWeight": 0.010443414116751171,
          "blbTicker": "LRCX"
        },
        {
          "name": "Costco Wholesale Corp",
          "fundWeight": 0.010351405034881392,
          "proxyWeight": 0,
          "activeWeight": 0.010351405034881392,
          "blbTicker": null
        }
      ]
    }
  ],
  "bestFitProxy": "IVV",
  "bestFitActiveShare": 0.30426869384352034,
  "declaredBenchmarkName": "S&P 500® Index",
  "declaredBenchmarkPeriod": "2025-10-31",
  "declaredBenchmarkAccession": "0001193125-26-081241",
  "declaredBenchmarkSourceUrl": "https://www.sec.gov/Archives/edgar/data/351601/000119312526081241/0001193125-26-081241-index.html",
  "declaredProxy": "IVV",
  "declaredActiveShare": 0.30426869384352034,
  "benchmarkMismatch": "match",
  "identifierMatchRate": 0.9177074507330304,
  "reviewRequired": false,
  "reviewReason": null,
  "feePerActiveUnitByClass": [
    {
      "classId": "C000004233",
      "value": 0.0295791193182317
    },
    {
      "classId": "C000089689",
      "value": 0.03779554135107384
    },
    {
      "classId": "C000004234",
      "value": 0.06244480744960026
    },
    {
      "classId": "C000178286",
      "value": 0.026292550505094846
    }
  ],
  "feeDragBaselineExpenseRatio": 0.0001,
  "feeDragByClass": [
    {
      "classId": "C000004233",
      "projections": [
        {
          "horizonYears": 10,
          "fundEndingValue": 149453.91468276666,
          "baselineEndingValue": 162734.39632475894,
          "feeDragVsBaseline": 13280.481641992286
        },
        {
          "horizonYears": 20,
          "fundEndingValue": 223364.72614003692,
          "baselineEndingValue": 264824.8374718372,
          "feeDragVsBaseline": 41460.11133180026
        },
        {
          "horizonYears": 30,
          "fundEndingValue": 333827.3272367262,
          "baselineEndingValue": 430961.10057781835,
          "feeDragVsBaseline": 97133.77334109216
        }
      ]
    },
    {
      "classId": "C000089689",
      "projections": [
        {
          "horizonYears": 10,
          "fundEndingValue": 145903.26437388713,
          "baselineEndingValue": 162734.39632475894,
          "feeDragVsBaseline": 16831.131950871815
        },
        {
          "horizonYears": 20,
          "fundEndingValue": 212877.62554956396,
          "baselineEndingValue": 264824.8374718372,
          "feeDragVsBaseline": 51947.211922273214
        },
        {
          "horizonYears": 30,
          "fundEndingValue": 310595.40479843377,
          "baselineEndingValue": 430961.10057781835,
          "feeDragVsBaseline": 120365.69577938458
        }
      ]
    },
    {
      "classId": "C000004234",
      "projections": [
        {
          "horizonYears": 10,
          "fundEndingValue": 135702.1263671986,
          "baselineEndingValue": 162734.39632475894,
          "feeDragVsBaseline": 27032.269957560347
        },
        {
          "horizonYears": 20,
          "fundEndingValue": 184150.67100579132,
          "baselineEndingValue": 264824.8374718372,
          "feeDragVsBaseline": 80674.16646604586
        },
        {
          "horizonYears": 30,
          "fundEndingValue": 249896.37627432306,
          "baselineEndingValue": 430961.10057781835,
          "feeDragVsBaseline": 181064.72430349528
        }
      ]
    },
    {
      "classId": "C000178286",
      "projections": [
        {
          "horizonYears": 10,
          "fundEndingValue": 150895.81311516537,
          "baselineEndingValue": 162734.39632475894,
          "feeDragVsBaseline": 11838.583209593577
        },
        {
          "horizonYears": 20,
          "fundEndingValue": 227695.4641568692,
          "baselineEndingValue": 264824.8374718372,
          "feeDragVsBaseline": 37129.37331496799
        },
        {
          "horizonYears": 30,
          "fundEndingValue": 343582.92206585774,
          "baselineEndingValue": 430961.10057781835,
          "feeDragVsBaseline": 87378.1785119606
        }
      ]
    }
  ],
  "licensedReturnMetrics": {
    "provenance": "Computed on licensed market-return history",
    "computedAt": "2026-07-29T14:22:09.616Z",
    "proxy": "IVV",
    "proxyReturnBasis": "total",
    "feeDragByClass": [
      {
        "classId": "C000004233",
        "windows": [
          {
            "horizonYears": 10,
            "windowStart": "2016-07-29",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-19",
            "annualizedProxyReturn": 0.148774400560296,
            "fundEndingValue": 369932.8254055817,
            "baselineEndingValue": 399852.09772775375,
            "feeDragVsBaseline": 29919.272322172066,
            "missingReason": null
          },
          {
            "horizonYears": 20,
            "windowStart": "2006-07-31",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-19",
            "annualizedProxyReturn": 0.11192584102435976,
            "fundEndingValue": 709105.3149450871,
            "baselineEndingValue": 832725.9362568682,
            "feeDragVsBaseline": 123620.62131178111,
            "missingReason": null
          },
          {
            "horizonYears": 30,
            "windowStart": null,
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-19",
            "annualizedProxyReturn": null,
            "fundEndingValue": null,
            "baselineEndingValue": null,
            "feeDragVsBaseline": null,
            "missingReason": "proxy history begins 2000 — no full 30-year window"
          }
        ],
        "missingReason": null
      },
      {
        "classId": "C000089689",
        "windows": [
          {
            "horizonYears": 10,
            "windowStart": "2016-07-29",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-19",
            "annualizedProxyReturn": 0.148774400560296,
            "fundEndingValue": 361899.2055917764,
            "baselineEndingValue": 399852.09772775375,
            "feeDragVsBaseline": 37952.89213597734,
            "missingReason": null
          },
          {
            "horizonYears": 20,
            "windowStart": "2006-07-31",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-19",
            "annualizedProxyReturn": 0.11192584102435976,
            "fundEndingValue": 677649.4569753697,
            "baselineEndingValue": 832725.9362568682,
            "feeDragVsBaseline": 155076.47928149847,
            "missingReason": null
          },
          {
            "horizonYears": 30,
            "windowStart": null,
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-19",
            "annualizedProxyReturn": null,
            "fundEndingValue": null,
            "baselineEndingValue": null,
            "feeDragVsBaseline": null,
            "missingReason": "proxy history begins 2000 — no full 30-year window"
          }
        ],
        "missingReason": null
      },
      {
        "classId": "C000004234",
        "windows": [
          {
            "horizonYears": 10,
            "windowStart": "2016-07-29",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-19",
            "annualizedProxyReturn": 0.148774400560296,
            "fundEndingValue": 338731.5403605656,
            "baselineEndingValue": 399852.09772775375,
            "feeDragVsBaseline": 61120.55736718816,
            "missingReason": null
          },
          {
            "horizonYears": 20,
            "windowStart": "2006-07-31",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-19",
            "annualizedProxyReturn": 0.11192584102435976,
            "fundEndingValue": 591042.1085590421,
            "baselineEndingValue": 832725.9362568682,
            "feeDragVsBaseline": 241683.82769782608,
            "missingReason": null
          },
          {
            "horizonYears": 30,
            "windowStart": null,
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-19",
            "annualizedProxyReturn": null,
            "fundEndingValue": null,
            "baselineEndingValue": null,
            "feeDragVsBaseline": null,
            "missingReason": "proxy history begins 2000 — no full 30-year window"
          }
        ],
        "missingReason": null
      },
      {
        "classId": "C000178286",
        "windows": [
          {
            "horizonYears": 10,
            "windowStart": "2016-07-29",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-19",
            "annualizedProxyReturn": 0.148774400560296,
            "fundEndingValue": 373190.95606684516,
            "baselineEndingValue": 399852.09772775375,
            "feeDragVsBaseline": 26661.141660908586,
            "missingReason": null
          },
          {
            "horizonYears": 20,
            "windowStart": "2006-07-31",
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-19",
            "annualizedProxyReturn": 0.11192584102435976,
            "fundEndingValue": 722071.9841870341,
            "baselineEndingValue": 832725.9362568682,
            "feeDragVsBaseline": 110653.95206983411,
            "missingReason": null
          },
          {
            "horizonYears": 30,
            "windowStart": null,
            "windowEnd": "2026-07-29",
            "proxyHistoryStart": "2000-05-19",
            "annualizedProxyReturn": null,
            "fundEndingValue": null,
            "baselineEndingValue": null,
            "feeDragVsBaseline": null,
            "missingReason": "proxy history begins 2000 — no full 30-year window"
          }
        ],
        "missingReason": null
      }
    ],
    "trackingDifferenceByClass": []
  },
  "filterStats": {
    "total": 445,
    "keptLongCommonEquity": 442,
    "droppedAssetCategory": {
      "DE": 2,
      "STIV": 1
    },
    "droppedPayoffProfile": 0,
    "droppedNonPositivePct": 0
  },
  "publishable": true
}