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Subtract analogous benchmark contributions for exact cumulative wealth-return difference. Not Brinson, factor attribution, or a separate cost-free portfolio." }, "provenance": { "source_sha256": { "returns": "696aa0f881c6c95bb9cbd6536d82d71e0589221bae18f04932602a492bea0711", "calendar": "69b684681dd34a2fdc662563a3e060cb7d86b71e4f7d8cea9f8f6ac95938b53a", "daily": "3daf7e074a460de197f3d81a4e25d75b768d7167c56af4496ba77d90960abc0d", "decisions": "1f74a5fcbe9475d5bf9a24555a3da346deb1f6b1d6ba586d21cf3c07efa217a1", "trades": "ee5dee0a384c899ddd52a43835ce1d77cb189ff1df33ee48350bce6d538c9f91", "benchmark": "3187c3a72d373e4836990ceb0c17bc0de81526fddddade09b290f2ec9fa6e323" }, "override_sha256": {}, "engine_imported": false, "contract_sha256": "78a45734a0c315d0d5facda03bb7f13f63738ece9164eb379079fc949dea2d03", "private_ledger_written": true, "private_ledger_rows": 90540 }, "limitations": [ "Current-vintage restricted eight-ETF universe and already-exposed history.", "Total-return sleeve dollars, not tax lots or executable shares.", "Costs are modeled, not observed execution costs.", "Inter-rebalance drift is monitored, not mislabeled as a post-trade breach.", "Reconciliation is independent arithmetic, not independent vendor data or optimizer optimality proof.", "No claim of historical data availability, tax-aware trading, live production or predictive alpha." ] }