Verifiable
classification memory.

An open, evidence-linked record of what was classified, why it was classified, and when the decision must be reviewed.

Structural FingerprintKnowledge, not quality

A direct statement located in a verified primary document.

Registry release
v0.5.0
Release date
26 July 2026
Funds included
3
Within review window
3

The record is reviewable over time.

Current activity is intentionally small and complete: initial admissions are recorded, no later changes are implied, and the next review windows are visible.

  1. 16 initial admission eventsKMLM: 5 · DBMF: 6 · CTA: 5 dimensions · recorded through 26 July 2026
  2. 3 upcoming reviewsGoverned fund records are due for review in July 2027
  3. 0 post-admission changesNo fund, disclosure, evidence, rule, or correction event has occurred since admission
The ETF wrapper made managed futures accessible. It did not make them understandable.

Same label does not mean same exposure.

A classification without evidence history is only an opinion.

Every decision leaves a trail.

A classification is publishable only when it answers five questions. The registry begins empty by design.

DimensionECS rulePrimary evidenceInferenceReview due
No admitted decisions in the founding release

Change is recorded as an event.

Not a yearly snapshot. Every event distinguishes what changed from why our judgment changed.

  1. Fund changedThe underlying strategy or structure changed.
  2. Disclosure changedA source now describes the fund differently.
  3. Evidence improvedBetter evidence, without assuming a fund change.
  4. Rule changedA versioned ECS rule altered the result.
  5. ETFCTA correctionOur prior record was wrong and is corrected publicly.

Knowledge enters through a protocol.

Discovery is not publication. Every fact must cross the same ten-stage admission path before it can support a public classification.

  1. 01Discover sourceCandidate only
  2. 02Verify identityAuthority + dates
  3. 03Preserve versionLocator + SHA-256
  4. 04Extract evidenceBounded observation
  5. 05Apply ECS ruleNamed + versioned
  6. 06Record limitsUnknowns remain visible
  7. 07Set reviewEarliest window wins
  8. 08Publish decisionSufficiency governs status
  9. 09Monitor changeRe-enter verification
  10. 10Correct publiclyNever overwrite history
Admission statecandidate → identity_verified → preserved → extracted → admittedRead the protocol

Three layers explain the record.

The ontology separates what the fund is, what kind of knowledge supports it, and why the published state changed.

01 / Fund structure

What is the fund made of?

Strategy family · Market universe · Instruments · Subsidiary structure · Counterparties · Collateral · Rebalancing · Risk targeting · Disclosure layer

02 / Evidence

What kind of knowledge do we have?

Direct · Corroborated · Derived · Incomplete · Conflicting · Superseded · Withdrawn · Unknown · Not applicable

03 / Change

Why did the record move?

Fund changed · Disclosure changed · Evidence improved · Rule changed · ETFCTA correction

Useful on a cadence.

Planned tools turn the registry into a recurring research surface while preserving its non-advisory boundary.

Five records. One auditable chain.

Identity, documents, observations, decisions, and change events remain independently updateable.

  1. 01Fund identity
  2. 02Source document
  3. 03Evidence record
  4. 04Classification decision
  5. 05Change event

A standard, a protocol, and a memory.

ECS-001 now separates structural classification, evidence sufficiency, and change and review governance. Sprint 0B defines how knowledge is admitted before the first real fund.