Thanks for your response. My concern is that they claim that &quot;each of our selected asset classes is represented by a low cost, passive ETF.&quot; <a href="https:&#x2F;&#x2F;research.wealthfront.com&#x2F;whitepapers&#x2F;investment-methodology&#x2F;" rel="nofollow">https:&#x2F;&#x2F;research.wealthfront.com&#x2F;whitepapers&#x2F;investment-meth...</a><p>So it is supposed to be a long-only strategy and therefore, theoretically, in their case their 13 F filing should be consistent with their reported AUM.<p>What do you think?