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Live13 concepts3 modules

Filing Trail Decoder

Map prospectus, supplement, 8-K, shareholder report, N-PORT, and tender documents to the questions they answer.

ModeInteractive lab
01Run lab4Concepts3Paths3Evidence2Outputs

Interactive Tool

Filing Trail Decoder

Route an advisor from a product question to the document type most likely to prove it.
Primary sourceTender offer result, repurchase notice, or 8-K
What it proves

Accepted versus requested amounts, cap usage, proration, and whether the window was constrained.

Document route
  1. Repurchase policy
  2. Offer or window notice
  3. Result filing
  4. Fill-rate calculation
Open document route
What to inspect
  • Window open and close dates.
  • Maximum repurchase amount or cap.
  • Requested amount, accepted amount, and any proration factor.
  • Whether unfilled requests carry forward or must be resubmitted.
Supporting documentsProspectus repurchase policyShareholder reportBoard or supplement disclosure
Where AltHarbor uses it

Supports the liquidity mechanics lesson, proration concept page, fill-rate model scenario, and advisor questions.

Primary sourceProspectus, registration statement, or offering memorandum
What it proves

Whether liquidity is required, discretionary, board-authorized, or only available through policy.

Document route
  1. Wrapper type
  2. Governing document
  3. Liquidity section
  4. Wrapper Matrix row
Open document route
What to inspect
  • Interval fund legal repurchase floor versus discretionary tender offers.
  • Board discretion, suspension language, and notice requirements.
  • Tax form and access channel tied to the wrapper.
  • Whether marketing language is stricter or looser than the legal document.
Supporting documentsStatement of additional informationFund agreementSupplements
Where AltHarbor uses it

Supports the Wrapper Matrix, concept definitions, and product-page structure vocabulary.

Primary sourceProspectus fee table or share-class supplement
What it proves

Management fees, incentive economics, servicing fees, loads, and class-specific expenses.

Document route
  1. Share class
  2. Fee table
  3. Expense statement
  4. Fee Drag Lab
Open document route
What to inspect
  • Whether the compared return is net of the same economics.
  • Class-level servicing or distribution fees.
  • Incentive-fee hurdle, catch-up, or lookback terms.
  • Loads or platform costs that reduce invested capital.
Supporting documentsStatement of operationsDistributor agreementPlatform share-class schedule
Where AltHarbor uses it

Connects share-class tables, illustrative fee-stack scenarios, and advisor explanations of net return gaps.

Primary sourceShareholder report, financial statements, or valuation policy
What it proves

NAV date, valuation cadence, Level III exposure, and the source of private marks.

Document route
  1. NAV date
  2. Valuation policy
  3. Fair-value table
  4. Valuation-risk context
Open document route
What to inspect
  • Reporting date and frequency.
  • Level III or model-based exposure.
  • Who values private positions and how often marks refresh.
  • Whether public-market stress may have appeared after the NAV date.
Supporting documentsN-PORTFair-value hierarchy tableManager valuation disclosure
Where AltHarbor uses it

Supports NAV context, valuation concepts, and risk-language explanations.

Primary sourceStatement of operations, shareholder report, or 19a notice
What it proves

Whether payout language is supported by income, gains, return of capital, or a policy rate.

Document route
  1. Distribution rate
  2. Income statement
  3. Tax character
  4. Client explanation
Open document route
What to inspect
  • Net investment income versus declared distributions.
  • Return of capital or tax-character language.
  • Whether yield is annualized, policy-based, or trailing.
  • NAV trend alongside payout level.
Supporting documentsDistribution declarationTax character disclosureNAV bridge
Where AltHarbor uses it

Supports the Distribution Quality Lab and simplified distribution-quality explanations.

Primary sourceProspectus tax section, subscription documents, or platform materials
What it proves

Tax form, account fit, eligibility, minimums, and operational requirements.

Document route
  1. Eligibility
  2. Tax form
  3. Share class
  4. Operations checklist
Open document route
What to inspect
  • K-1 versus 1099 reporting.
  • Account-type restrictions or platform eligibility.
  • Subscription cadence, minimums, and paperwork requirements.
  • Whether the selected class is available through the advisor channel.
Supporting documentsShare-class scheduleTax reporting noticeEligibility disclosure
Where AltHarbor uses it

Connects wrapper comparison, tax concepts, share-class context, and implementation notes.

Operating-system handoffUse the lab, then route into concepts, controlled examples, document checks, and advisor language.
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