{
  "projection_schema": "ETFCTA-PUBLIC-EXPORT-001-v0.1.0",
  "release": "0.5.0",
  "generated_from": "../registry.json",
  "fund": {
    "record_id": "ETFCTA-FUND-US-KMLM",
    "ticker": "KMLM",
    "legal_name": "KraneShares Mount Lucas Managed Futures Index Strategy ETF",
    "issuer": "KraneShares Trust",
    "inception_date": "2020-12-01",
    "jurisdiction": "US",
    "exchange": "NYSE Arca",
    "identifiers": {
      "cusip": "500767652",
      "isin": "US5007676522",
      "sec_series": "S000070143",
      "sec_class": "C000223083"
    },
    "identity_source_ids": [
      "SRC-KMLM-FUND-PAGE-20260718",
      "SRC-KMLM-SEC-METADATA-20260220"
    ],
    "classification_standard": "ECS-001",
    "classification_version": "0.1.0",
    "last_reviewed": "2026-07-18",
    "next_review_due": "2027-07-18",
    "freshness_state": "within_review_window",
    "dimensions": {
      "strategy_family": {
        "value": "explicit_trend_following",
        "decision_id": "DEC-KMLM-SF-001",
        "knowledge_state": "derived_ecs"
      },
      "market_breadth": {
        "value": "multi_asset",
        "decision_id": "DEC-KMLM-MB-001",
        "knowledge_state": "derived_ecs"
      },
      "implementation_route": {
        "value": "direct_futures_with_commodity_subsidiary",
        "decision_id": "DEC-KMLM-IR-001",
        "knowledge_state": "derived_ecs"
      },
      "directional_flexibility": {
        "value": "long_short",
        "decision_id": "DEC-KMLM-DF-001",
        "knowledge_state": "derived_ecs"
      },
      "signal_horizon": {
        "value": "not_determinable_from_reviewed_sources",
        "decision_id": "DEC-KMLM-SH-001",
        "knowledge_state": "not_disclosed"
      }
    }
  },
  "sources": [
    {
      "source_id": "SRC-KMLM-PROSPECTUS-20260625",
      "source_type": "primary_fund_document",
      "title": "KraneShares Trust Statutory Prospectus",
      "issuer": "KraneShares Trust",
      "authority": "KraneShares",
      "effective_date": "2026-06-25",
      "retrieved_at": "2026-07-18",
      "document_sha256": "8d0332b2214feac8221e9465f569fe99aa670262dc9e858f03b210002cbc1cd4",
      "verification_status": "verified",
      "locator": {
        "url": "https://kraneshares.com/resources/compliance/2026_06_25_kraneshares_statutory.prospectus.pdf",
        "fund_section": "KMLM fund summary and KFA MLM Index description"
      },
      "preservation": {
        "status": "preserved",
        "document_sha256": "8d0332b2214feac8221e9465f569fe99aa670262dc9e858f03b210002cbc1cd4",
        "access": "restricted",
        "retrievability": "internal_restricted_archive",
        "public_locator": null
      }
    },
    {
      "source_id": "SRC-KMLM-SAI-20260625",
      "source_type": "primary_fund_document",
      "title": "KraneShares Trust Statement of Additional Information",
      "issuer": "KraneShares Trust",
      "authority": "KraneShares",
      "effective_date": "2026-06-25",
      "retrieved_at": "2026-07-18",
      "document_sha256": "c5d5fd75c503fd278655d54f1db22b7c13c3f2ddb6e800411847649063f63a6f",
      "verification_status": "verified",
      "locator": {
        "url": "https://kraneshares.com/resources/compliance/2026_06_25_kraneshares_SAI.pdf",
        "section": "Subsidiary investment structure"
      },
      "preservation": {
        "status": "preserved",
        "document_sha256": "c5d5fd75c503fd278655d54f1db22b7c13c3f2ddb6e800411847649063f63a6f",
        "access": "restricted",
        "retrievability": "internal_restricted_archive",
        "public_locator": null
      }
    },
    {
      "source_id": "SRC-KMLM-FUND-PAGE-20260718",
      "source_type": "issuer_fund_page",
      "title": "KMLM official fund page",
      "issuer": "KraneShares Trust",
      "authority": "KraneShares",
      "retrieved_at": "2026-07-18",
      "document_sha256": "71ccaf8385f78354159eac9d04f1f42e89525c5f78c2ee362ac49f1ba5c88b08",
      "verification_status": "verified",
      "locator": {
        "url": "https://kraneshares.com/etf/kmlm/"
      },
      "preservation": {
        "status": "preserved",
        "document_sha256": "71ccaf8385f78354159eac9d04f1f42e89525c5f78c2ee362ac49f1ba5c88b08",
        "access": "restricted",
        "retrievability": "internal_restricted_archive",
        "public_locator": null
      }
    },
    {
      "source_id": "SRC-KMLM-SEC-METADATA-20260220",
      "source_type": "sec_filing_metadata",
      "title": "KraneShares Trust definitive materials filing metadata",
      "authority": "U.S. Securities and Exchange Commission",
      "effective_date": "2026-02-20",
      "retrieved_at": "2026-07-18",
      "filing_form": "497",
      "accession_number": "0001829126-26-001868",
      "verification_status": "verified",
      "locator": {
        "url": "https://www.sec.gov/Archives/edgar/data/1547576/000182912626001868/0001829126-26-001868-index.htm",
        "series": "S000070143",
        "class": "C000223083"
      },
      "preservation": {
        "status": "preservation_unavailable",
        "document_sha256": null,
        "access": "unavailable",
        "retrievability": "unavailable",
        "public_locator": null
      }
    }
  ],
  "evidence": [
    {
      "evidence_id": "EVD-KMLM-SF-001",
      "source_id": "SRC-KMLM-PROSPECTUS-20260625",
      "location": {
        "section": "KMLM Principal Investment Strategies",
        "topic": "KFA MLM Index methodology"
      },
      "evidence_summary": "The prospectus identifies the underlying index methodology as trend following across commodities, currencies, and global fixed income.",
      "supports": [
        "ECS-SF-R01"
      ],
      "status": "direct_source",
      "admission": {
        "state": "admitted",
        "protocol_version": "EAP-001-v0.1.0",
        "history": [
          {
            "state": "candidate",
            "recorded_at": "2026-07-18T09:00:00Z"
          },
          {
            "state": "identity_verified",
            "recorded_at": "2026-07-18T09:01:00Z"
          },
          {
            "state": "preserved",
            "recorded_at": "2026-07-18T09:02:00Z"
          },
          {
            "state": "extracted",
            "recorded_at": "2026-07-18T09:03:00Z"
          },
          {
            "state": "admitted",
            "recorded_at": "2026-07-18T09:04:00Z"
          }
        ]
      }
    },
    {
      "evidence_id": "EVD-KMLM-MB-001",
      "source_id": "SRC-KMLM-PROSPECTUS-20260625",
      "location": {
        "section": "KMLM Principal Investment Strategies",
        "topic": "eligible futures markets"
      },
      "evidence_summary": "The disclosed futures universe spans commodities, currencies, and global fixed income, satisfying the governed multi-asset threshold.",
      "supports": [
        "ECS-MB-R02"
      ],
      "status": "direct_source",
      "admission": {
        "state": "admitted",
        "protocol_version": "EAP-001-v0.1.0",
        "history": [
          {
            "state": "candidate",
            "recorded_at": "2026-07-18T09:05:00Z"
          },
          {
            "state": "identity_verified",
            "recorded_at": "2026-07-18T09:06:00Z"
          },
          {
            "state": "preserved",
            "recorded_at": "2026-07-18T09:07:00Z"
          },
          {
            "state": "extracted",
            "recorded_at": "2026-07-18T09:08:00Z"
          },
          {
            "state": "admitted",
            "recorded_at": "2026-07-18T09:09:00Z"
          }
        ]
      }
    },
    {
      "evidence_id": "EVD-KMLM-IR-001",
      "source_id": "SRC-KMLM-PROSPECTUS-20260625",
      "location": {
        "section": "KMLM Principal Investment Strategies",
        "topic": "futures and subsidiary implementation"
      },
      "evidence_summary": "The fund discloses futures implementation and use of a wholly owned Cayman subsidiary for commodity futures exposure.",
      "supports": [
        "ECS-IR-R03"
      ],
      "status": "direct_source",
      "admission": {
        "state": "admitted",
        "protocol_version": "EAP-001-v0.1.0",
        "history": [
          {
            "state": "candidate",
            "recorded_at": "2026-07-18T09:10:00Z"
          },
          {
            "state": "identity_verified",
            "recorded_at": "2026-07-18T09:11:00Z"
          },
          {
            "state": "preserved",
            "recorded_at": "2026-07-18T09:12:00Z"
          },
          {
            "state": "extracted",
            "recorded_at": "2026-07-18T09:13:00Z"
          },
          {
            "state": "admitted",
            "recorded_at": "2026-07-18T09:14:00Z"
          }
        ]
      }
    },
    {
      "evidence_id": "EVD-KMLM-IR-002",
      "source_id": "SRC-KMLM-SAI-20260625",
      "location": {
        "section": "Investment through Subsidiaries",
        "topic": "KMLM subsidiary mandate and ownership"
      },
      "evidence_summary": "The SAI corroborates the wholly owned subsidiary structure and its commodity and financial derivatives mandate.",
      "supports": [
        "ECS-IR-R03"
      ],
      "status": "corroborating_source",
      "admission": {
        "state": "admitted",
        "protocol_version": "EAP-001-v0.1.0",
        "history": [
          {
            "state": "candidate",
            "recorded_at": "2026-07-18T09:15:00Z"
          },
          {
            "state": "identity_verified",
            "recorded_at": "2026-07-18T09:16:00Z"
          },
          {
            "state": "preserved",
            "recorded_at": "2026-07-18T09:17:00Z"
          },
          {
            "state": "extracted",
            "recorded_at": "2026-07-18T09:18:00Z"
          },
          {
            "state": "admitted",
            "recorded_at": "2026-07-18T09:19:00Z"
          }
        ]
      }
    },
    {
      "evidence_id": "EVD-KMLM-DF-001",
      "source_id": "SRC-KMLM-PROSPECTUS-20260625",
      "location": {
        "section": "KMLM Principal Investment Strategies",
        "topic": "long and short signals"
      },
      "evidence_summary": "The index description states that trading signals determine long or short positions in eligible futures markets.",
      "supports": [
        "ECS-DF-R01"
      ],
      "status": "direct_source",
      "admission": {
        "state": "admitted",
        "protocol_version": "EAP-001-v0.1.0",
        "history": [
          {
            "state": "candidate",
            "recorded_at": "2026-07-18T09:20:00Z"
          },
          {
            "state": "identity_verified",
            "recorded_at": "2026-07-18T09:21:00Z"
          },
          {
            "state": "preserved",
            "recorded_at": "2026-07-18T09:22:00Z"
          },
          {
            "state": "extracted",
            "recorded_at": "2026-07-18T09:23:00Z"
          },
          {
            "state": "admitted",
            "recorded_at": "2026-07-18T09:24:00Z"
          }
        ]
      }
    },
    {
      "evidence_id": "EVD-KMLM-SH-001",
      "source_id": "SRC-KMLM-PROSPECTUS-20260625",
      "location": {
        "section": "KMLM Principal Investment Strategies and KFA MLM Index description",
        "review_scope": "signal construction disclosures"
      },
      "evidence_summary": "The reviewed disclosure states daily signal evaluation and monthly rebalancing but does not disclose a signal lookback horizon; those frequencies are not treated as the horizon.",
      "supports": [
        "ECS-SH-R00"
      ],
      "status": "insufficient",
      "admission": {
        "state": "admitted",
        "protocol_version": "EAP-001-v0.1.0",
        "history": [
          {
            "state": "candidate",
            "recorded_at": "2026-07-18T09:25:00Z"
          },
          {
            "state": "identity_verified",
            "recorded_at": "2026-07-18T09:26:00Z"
          },
          {
            "state": "preserved",
            "recorded_at": "2026-07-18T09:27:00Z"
          },
          {
            "state": "extracted",
            "recorded_at": "2026-07-18T09:28:00Z"
          },
          {
            "state": "admitted",
            "recorded_at": "2026-07-18T09:29:00Z",
            "note": "Admitted as bounded evidence of non-disclosure, not as evidence of a horizon value."
          }
        ]
      }
    }
  ],
  "decisions": [
    {
      "decision_id": "DEC-KMLM-SF-001",
      "fund_id": "ETFCTA-FUND-US-KMLM",
      "dimension": "strategy_family",
      "result": "explicit_trend_following",
      "rule_id": "ECS-SF-R01",
      "rule_version": "0.1.0",
      "evidence_ids": [
        "EVD-KMLM-SF-001"
      ],
      "reasoning_summary": "The verified prospectus explicitly identifies a trend-following methodology; ECS-SF-R01 maps that disclosure to the controlled result.",
      "decision_status": "confirmed",
      "confidence": "high",
      "sufficiency_result": "pass",
      "limitations": [
        "Classification is structural and makes no performance claim.",
        "Solo-operator review; no independent second reviewer."
      ],
      "decided_at": "2026-07-18",
      "review_due": "2027-07-18",
      "workflow": {
        "actions": [
          {
            "role": "extractor",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:00:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "classifier",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:01:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "reviewer",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:02:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "publisher",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:03:00Z",
            "conflict_status": "none_declared"
          }
        ],
        "solo_operator": true,
        "second_review_required": false,
        "second_review_completed": false
      }
    },
    {
      "decision_id": "DEC-KMLM-MB-001",
      "fund_id": "ETFCTA-FUND-US-KMLM",
      "dimension": "market_breadth",
      "result": "multi_asset",
      "rule_id": "ECS-MB-R02",
      "rule_version": "0.1.0",
      "evidence_ids": [
        "EVD-KMLM-MB-001"
      ],
      "reasoning_summary": "The verified prospectus names three governed asset families, satisfying ECS-MB-R02.",
      "decision_status": "confirmed",
      "confidence": "high",
      "sufficiency_result": "pass",
      "limitations": [
        "Market breadth is based on the disclosed eligible universe, not a point-in-time holdings inference.",
        "Solo-operator review; no independent second reviewer."
      ],
      "decided_at": "2026-07-18",
      "review_due": "2027-07-18",
      "workflow": {
        "actions": [
          {
            "role": "extractor",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:04:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "classifier",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:05:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "reviewer",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:06:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "publisher",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:07:00Z",
            "conflict_status": "none_declared"
          }
        ],
        "solo_operator": true,
        "second_review_required": false,
        "second_review_completed": false
      }
    },
    {
      "decision_id": "DEC-KMLM-IR-001",
      "fund_id": "ETFCTA-FUND-US-KMLM",
      "dimension": "implementation_route",
      "result": "direct_futures_with_commodity_subsidiary",
      "rule_id": "ECS-IR-R03",
      "rule_version": "0.1.0",
      "evidence_ids": [
        "EVD-KMLM-IR-001",
        "EVD-KMLM-IR-002"
      ],
      "reasoning_summary": "The prospectus and SAI jointly establish futures implementation by the fund and a wholly owned commodity subsidiary.",
      "decision_status": "confirmed",
      "confidence": "high",
      "sufficiency_result": "pass",
      "limitations": [
        "This result describes the disclosed route and not every permitted derivative.",
        "Solo-operator review; no independent second reviewer."
      ],
      "decided_at": "2026-07-18",
      "review_due": "2027-07-18",
      "workflow": {
        "actions": [
          {
            "role": "extractor",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:08:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "classifier",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:09:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "reviewer",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:10:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "publisher",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:11:00Z",
            "conflict_status": "none_declared"
          }
        ],
        "solo_operator": true,
        "second_review_required": false,
        "second_review_completed": false
      }
    },
    {
      "decision_id": "DEC-KMLM-DF-001",
      "fund_id": "ETFCTA-FUND-US-KMLM",
      "dimension": "directional_flexibility",
      "result": "long_short",
      "rule_id": "ECS-DF-R01",
      "rule_version": "0.1.0",
      "evidence_ids": [
        "EVD-KMLM-DF-001"
      ],
      "reasoning_summary": "The index description explicitly permits signals to establish long or short futures positions, satisfying ECS-DF-R01.",
      "decision_status": "confirmed",
      "confidence": "high",
      "sufficiency_result": "pass",
      "limitations": [
        "Directional flexibility does not describe current positioning.",
        "Solo-operator review; no independent second reviewer."
      ],
      "decided_at": "2026-07-18",
      "review_due": "2027-07-18",
      "workflow": {
        "actions": [
          {
            "role": "extractor",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:12:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "classifier",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:13:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "reviewer",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:14:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "publisher",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:15:00Z",
            "conflict_status": "none_declared"
          }
        ],
        "solo_operator": true,
        "second_review_required": false,
        "second_review_completed": false
      }
    },
    {
      "decision_id": "DEC-KMLM-SH-001",
      "fund_id": "ETFCTA-FUND-US-KMLM",
      "dimension": "signal_horizon",
      "result": "not_determinable_from_reviewed_sources",
      "rule_id": "ECS-SH-R00",
      "rule_version": "0.1.0",
      "evidence_ids": [
        "EVD-KMLM-SH-001"
      ],
      "reasoning_summary": "Daily evaluation and monthly rebalancing are disclosed, but the signal lookback horizon is not; ECS-SH-R00 preserves that distinction as an explicit unknown.",
      "decision_status": "confirmed",
      "confidence": "high",
      "sufficiency_result": "pass",
      "limitations": [
        "The result is a bounded non-disclosure finding, not a claim that no horizon exists.",
        "No standalone official index methodology document was located during this admission.",
        "Solo-operator review; no independent second reviewer."
      ],
      "decided_at": "2026-07-18",
      "review_due": "2027-07-18",
      "workflow": {
        "actions": [
          {
            "role": "extractor",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:16:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "classifier",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:17:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "reviewer",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:18:00Z",
            "conflict_status": "none_declared"
          },
          {
            "role": "publisher",
            "actor_id": "ACT-ETFCTA-OPERATOR-001",
            "acted_at": "2026-07-18T10:19:00Z",
            "conflict_status": "none_declared"
          }
        ],
        "solo_operator": true,
        "second_review_required": false,
        "second_review_completed": false
      }
    }
  ],
  "changes": [
    {
      "event_id": "CHG-KMLM-ADMISSION-001",
      "fund_id": "ETFCTA-FUND-US-KMLM",
      "effective_date": "2026-07-18",
      "recorded_at": "2026-07-18T14:55:35Z",
      "dimension": "strategy_family",
      "previous_value": null,
      "new_value": "explicit_trend_following",
      "previous_decision_id": null,
      "new_decision_id": "DEC-KMLM-SF-001",
      "change_type": "initial_admission",
      "trigger": "canonical_fund_admission",
      "source_ids": [
        "SRC-KMLM-PROSPECTUS-20260625"
      ],
      "standard_version": "ECS-001-v0.1.0",
      "recording_mode": "retrospective_initialization",
      "batch_id": "ETFCTA-MEMORY-INIT-20260718",
      "sequence": 1,
      "memory_record_created_in_site_release": "1.1.0",
      "decision_origin_data_release": "0.3.0"
    },
    {
      "event_id": "CHG-KMLM-ADMISSION-002",
      "fund_id": "ETFCTA-FUND-US-KMLM",
      "effective_date": "2026-07-18",
      "recorded_at": "2026-07-18T14:55:35Z",
      "dimension": "market_breadth",
      "previous_value": null,
      "new_value": "multi_asset",
      "previous_decision_id": null,
      "new_decision_id": "DEC-KMLM-MB-001",
      "change_type": "initial_admission",
      "trigger": "canonical_fund_admission",
      "source_ids": [
        "SRC-KMLM-PROSPECTUS-20260625"
      ],
      "standard_version": "ECS-001-v0.1.0",
      "recording_mode": "retrospective_initialization",
      "batch_id": "ETFCTA-MEMORY-INIT-20260718",
      "sequence": 2,
      "memory_record_created_in_site_release": "1.1.0",
      "decision_origin_data_release": "0.3.0"
    },
    {
      "event_id": "CHG-KMLM-ADMISSION-003",
      "fund_id": "ETFCTA-FUND-US-KMLM",
      "effective_date": "2026-07-18",
      "recorded_at": "2026-07-18T14:55:35Z",
      "dimension": "implementation_route",
      "previous_value": null,
      "new_value": "direct_futures_with_commodity_subsidiary",
      "previous_decision_id": null,
      "new_decision_id": "DEC-KMLM-IR-001",
      "change_type": "initial_admission",
      "trigger": "canonical_fund_admission",
      "source_ids": [
        "SRC-KMLM-PROSPECTUS-20260625",
        "SRC-KMLM-SAI-20260625"
      ],
      "standard_version": "ECS-001-v0.1.0",
      "recording_mode": "retrospective_initialization",
      "batch_id": "ETFCTA-MEMORY-INIT-20260718",
      "sequence": 3,
      "memory_record_created_in_site_release": "1.1.0",
      "decision_origin_data_release": "0.3.0"
    },
    {
      "event_id": "CHG-KMLM-ADMISSION-004",
      "fund_id": "ETFCTA-FUND-US-KMLM",
      "effective_date": "2026-07-18",
      "recorded_at": "2026-07-18T14:55:35Z",
      "dimension": "directional_flexibility",
      "previous_value": null,
      "new_value": "long_short",
      "previous_decision_id": null,
      "new_decision_id": "DEC-KMLM-DF-001",
      "change_type": "initial_admission",
      "trigger": "canonical_fund_admission",
      "source_ids": [
        "SRC-KMLM-PROSPECTUS-20260625"
      ],
      "standard_version": "ECS-001-v0.1.0",
      "recording_mode": "retrospective_initialization",
      "batch_id": "ETFCTA-MEMORY-INIT-20260718",
      "sequence": 4,
      "memory_record_created_in_site_release": "1.1.0",
      "decision_origin_data_release": "0.3.0"
    },
    {
      "event_id": "CHG-KMLM-ADMISSION-005",
      "fund_id": "ETFCTA-FUND-US-KMLM",
      "effective_date": "2026-07-18",
      "recorded_at": "2026-07-18T14:55:35Z",
      "dimension": "signal_horizon",
      "previous_value": null,
      "new_value": "not_determinable_from_reviewed_sources",
      "previous_decision_id": null,
      "new_decision_id": "DEC-KMLM-SH-001",
      "change_type": "initial_admission",
      "trigger": "canonical_fund_admission",
      "source_ids": [
        "SRC-KMLM-PROSPECTUS-20260625"
      ],
      "standard_version": "ECS-001-v0.1.0",
      "recording_mode": "retrospective_initialization",
      "batch_id": "ETFCTA-MEMORY-INIT-20260718",
      "sequence": 5,
      "memory_record_created_in_site_release": "1.1.0",
      "decision_origin_data_release": "0.3.0"
    }
  ]
}