Help Center
FAQ & Glossary
About the funds
Are these real funds?
Not registered funds. These are proprietary strategy books in IBKR paper-account forward validation — each with a standalone simulated book (US funds $400,000 each, HK fund ≈$200,000 in HKD, about HK$1,560,000), real fills and real slippage, but not a solicited product.
What is the difference between "Fund NAV" and "Actual attribution"?
Fund NAV = the strategy restated as a standalone fund at its simulated size; Actual attribution = an estimate of what the same strategy occupies in the real IBKR account (per-order clientId attribution). The first answers "what if this were a fund", the second shows the estimated sleeve share.
How often do the funds rebalance?
All three rebalance monthly (first-trading-day signal). US orders execute via VWAP algo; HK via market orders.
How fresh is the data?
Holdings and NAV sync daily after close (footer shows the last sync time); intraday quotes are third-party live prices. Backtest history is static.
Glossary
| Term | Meaning |
|---|---|
| 12-1 momentum | Total return of the past 12 months skipping the most recent month — the academic-standard momentum factor, avoiding short-term reversal noise. |
| PIT universe | Point-in-time index constituents as they truly were on each rebalance date — removes survivorship bias. |
| SAC | Soft Actor-Critic reinforcement-learning model that allocates weights inside the momentum Top-N — it learns allocation, not price direction. |
| Slippage bp | Fill price vs signal-day close, 1bp = 0.01%; negative = better fill. |
| MaxDD | Maximum drawdown: peak-to-trough decline of the NAV curve. |
| Paper trading | IBKR simulated account — real order matching with virtual capital, used for forward validation before going live. |
| Barbell | Barbell: two legs — dividend quality + close-to-high momentum — rebalanced 50/50 monthly. |
| Merkle commitment | Daily NAVs are hashed into a Merkle tree producing a single root; any day can be proven via its path. See /verify. |
| Ed25519 | Elliptic-curve signature scheme; we sign the Merkle root and publish the verify key. |
Access & contact
How do I get access?
The portal is invite-only for institutional recipients. Submit a Request Access on the login page and we will provision manually.
Can the performance data be trusted?
The NAV series is committed daily via Merkle + Ed25519 — independently checkable at /verify; every fill is sleeve-attributed with disclosed slippage. Backtest and paper results are simulated and not indicative of future performance.