{
  "simulated": true,
  "label": "Simulated reference basket. No bonds are held by this testnet.",
  "valuation_date": "2026-09-20",
  "model": "Reference basket scaled by actual token supply; real vault cash excluded from simulated NAV.",
  "day_count": "Actual/Actual, semiannual coupons; fees Actual/365",
  "reference_units": "100000",
  "supply": "14.5",
  "bootstrap": false,
  "nav_per_token": "1",
  "nav_units": "1000000",
  "portfolio_value": "14.5000000000",
  "cash": "0.000000",
  "fees": {
    "management_rate": "0.0075",
    "expense_rate": "0.0030",
    "management_accrued": "0.0000000000",
    "expenses_accrued": "0.0000000000"
  },
  "net_assets": "14.5000000000",
  "holdings": [
    {
      "id": "SIM-2029",
      "name": "TURKEY 6.0% 2029",
      "weight": "0.4",
      "coupon": "0.06",
      "maturity": "2029-09-20",
      "face": "40000",
      "clean_price": "100",
      "purchase_date": "2026-09-20",
      "dirty_price": "100.00",
      "accrued_per_100": "0.00",
      "simulated_ytm": "0.06000000000000000000000000000157377750591591855180",
      "reference_value": "40000.00",
      "scaled_face": "5.800000",
      "value": "5.80000000",
      "price_date": "2026-09-20",
      "price_source": "Manual simulated input; held constant until explicitly revised"
    },
    {
      "id": "SIM-2034",
      "name": "TURKEY 6.65% 2034",
      "weight": "0.4",
      "coupon": "0.0665",
      "maturity": "2034-09-20",
      "face": "40000",
      "clean_price": "100",
      "purchase_date": "2026-09-20",
      "dirty_price": "100.0000",
      "accrued_per_100": "0.0000",
      "simulated_ytm": "0.06650000000000000000000000000027689017773257514370",
      "reference_value": "40000.0000",
      "scaled_face": "5.800000",
      "value": "5.8000000000",
      "price_date": "2026-09-20",
      "price_source": "Manual simulated input; held constant until explicitly revised"
    },
    {
      "id": "SIM-2036",
      "name": "TURKEY 7.04% 2036",
      "weight": "0.2",
      "coupon": "0.0704",
      "maturity": "2036-09-20",
      "face": "20000",
      "clean_price": "100",
      "purchase_date": "2026-09-20",
      "dirty_price": "100.0000",
      "accrued_per_100": "0.0000",
      "simulated_ytm": "0.07039999999999999999999999999949875778082256909884",
      "reference_value": "20000.0000",
      "scaled_face": "2.900000",
      "value": "2.9000000000",
      "price_date": "2026-09-20",
      "price_source": "Manual simulated input; held constant until explicitly revised"
    }
  ],
  "weighted_simulated_ytm": "0.064680000000000000000000000000640018629623911297968",
  "next_simulated_coupon_date": "2027-03-20",
  "supply_backed_ratio": "1.0000",
  "backing_label": "Simulated assets / token NAV liability; not evidence of custody or redeemable cash.",
  "chain_id": 5042002,
  "token": "0x6D5163D237203Af9bce4292562B94e585327927E",
  "timestamp": "2026-09-20T15:34:29Z",
  "block_number": 63109011,
  "onchain_nav_units": "1000000",
  "vault_cash": "25.770659",
  "available_liquidity": "25.5",
  "coupon_reserve": "0.270659",
  "vault_coverage_ratio": "1.7586206896551724137931034482758620689655172413793",
  "simulated_distribution_yield_30d": "0.393165921339295952299040",
  "distribution_yield_method": "Trailing 30-day funded coupon per token / current NAV; not annualized.",
  "publication": {
    "transaction_hash": "0xcf013667f8e7c87595c407a4df978e2083fdcae17a11b9abd26d50e61d64e4ed",
    "block_number": 63109011
  },
  "history": [
    {
      "date": "2026-09-20",
      "nav": "1",
      "block": 63109011
    }
  ]
}