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PRISMby Asymmetry Computing
PortfolioReference taxable book · USD
As of15 May 2025
Data stateLocal draft
Local draftContinue workflow
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Workflow step 02 of 10

Optimization objective

Objective settings are local draft state and do not execute an engine command.

Local draft

Primary Objective

Choose the outcome the local reference preview prioritizes.

Tax vs. Tracking Frontier

Disclosed local reference candidates · selected Balanced I

0.5%1.5%2.5%3.5%4.5%5060708090Tax preservation: 0.5% tracking budget, 96 after-tax preference, ≤ 6% turnoverTax leaning I: 1.0% tracking budget, 92 after-tax preference, ≤ 8% turnoverTax leaning II: 1.5% tracking budget, 87 after-tax preference, ≤ 10% turnoverBalanced I: 2.0% tracking budget, 81 after-tax preference, ≤ 13% turnoverBalanced II: 2.5% tracking budget, 74 after-tax preference, ≤ 16% turnoverTracking leaning I: 3.0% tracking budget, 67 after-tax preference, ≤ 19% turnoverTracking leaning II: 3.5% tracking budget, 61 after-tax preference, ≤ 22% turnoverTracking focus: 4.0% tracking budget, 55 after-tax preference, ≤ 25% turnoverMinimum drift: 4.5% tracking budget, 49 after-tax preference, ≤ 28% turnoverTracking-error budgetAfter-tax preference
Selected candidate
Balanced I
Tracking / turnover
2.00% · ≤ 15%
Reference score
0.11

Reference score uses the disclosed local formula below. Candidate points are illustrative draft presets, not returned optimizer results or forecast tax alpha.

Objective Controls

Local draft controls; no engine request is made.

Continue to Constraints

How Candidate Portfolios Will Be Scored

Reference scoring preview uses disclosed normalized weights; it does not claim an optimized engine objective.

After-tax return preference 61%

Tax cost penalty 38%

Tracking penalty 14%

Turnover penalty 14%