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Accounts Excluded
The number of accounts that are no longer in the composite calculation for the time series because they no longer meet the secondary criteria.
For example, accounts A, B, and C are assigned to a composite. The secondary criterion specifies to only include accounts with a value > $100.
The first time series is 12/31 – 1/31. Account values as of 1/31 are as follows:
Account A $99 Account B $101 Account C $101
Time series value for Removed accounts is 0.
The second time series is 1/31 – 2/28. Account values as of 2/28 are as follows:
Account A $99 Account B $99 Account C $101
Time series value for Removed accounts is 1.