Each strategy, with its objective in full.
Each strategy page sets out, in plain English and in math, the objective the optimizer solves, the constraints it must respect, and what goes in and comes out of each rebalance. Customizations, such as screens, exclusions or a leverage level, are settings on a strategy rather than separate products, so they are explained on the strategy pages, not listed here.
Track a benchmark. Harvest losses lot by lot. Respect wash sales.
Tax-aware direct indexing holds the stocks of a chosen benchmark directly and harvests losses at the tax-lot level under the wash-sale rule, weighing tracking error against the tax saved. In the backtest the optimizer solves this trade-off at each scheduled rebalance and records every trade with the lots it sells and the gain or loss each one realizes.
- Net exposure
- 100%
- Tracking error
- Priced, no hard cap
- Role
- Standalone book
Go more than 100% long, short the difference, and harvest tax losses lot by lot.
Tax-aware long-short can hold more than 100% of the portfolio's value in long positions and the difference in short positions, so net market exposure stays at 100%. The design has the optimizer choose both legs to stay close to the benchmark while banking losses on either side, net of the fee for borrowing shares; short-side lot accounting is not built yet, so today only long sales are taxed lot by lot. Sales follow the same lot-level loss harvesting and wash-sale rules as direct indexing, and the leverage levels, from 130/30 up to 250/150, are settings of one strategy.
- Net exposure
- 100%
- Gross exposure
- Up to 160% – 400%
- Profiles
- 130/30 → 250/150
For one-shot calculators that answer one question about a single portfolio snapshot, with results on sample portfolios, see tools.