Baskets

Distribution tokens are ordinary transferable tokens, so they compose. A basket holds a defined set of them under a published rule and issues a single unit representing pro-rata ownership of the whole set.

How a basket is defined

• A selection rule: a date window, a sector, a yield screen, or an operator-confidence screen.
• A weighting rule: by declared payout yield, or by locked principal value.
• A rebalance schedule, on which the rule is re-evaluated.
• A concentration cap limiting any single component's share of net asset value.

Weights

The composer normalises component weights to sum to exactly one. A rebalance can only produce a set satisfying the published constraints, so the published composition and the headline figures are always consistent with one another.

Cash flow

Because every component has a known payment date, a basket has a schedule rather than just a yield. The expected cash-flow chart on each basket aggregates component payouts by payment month.

Deposits and withdrawals

A deposit mints units at the prevailing net asset value. A withdrawal burns units and returns the underlying rights pro rata, which can then be held, traded or redeemed individually.