Back	Home > Data Dictionary > U > Definition: Untracked Sleeve

Definition: Untracked Sleeve

Appears when reporting on a UMA that holds positions or cash that aren’t attributed to any of the UMA’s underlying sleeve accounts.

Think of untracked sleeves as a holding place for positions that don’t belong to any of the managed portfolios in the UMA.

Common reasons why you see untracked sleeves when reporting on a UMA:

• Portfolio managers remove positions from their portfolios, but trading has not yet occurred to liquidate those positions.

• Legacy positions or excluded securities are held in the account.

For more information, see:

• Envestnet Unified Managed Account Integration

• Understanding Sleeve Reporting

• Tamarac Unified Managed Account (TUMA)