Order plan

What is in the order plan?

The order plan sorts every change into three groups: Entering (instruments the strategy is adding), Exiting (instruments it is dropping), and Adjusted (instruments it keeps but re-sizes). It compares the current holdings against the next rebalance's target portfolio and lists only what differs. When there is nothing to do, the card reads "No changes this rebalance".

Defaults in Fincanva

• Groups are labelled "Entering", "Exiting", and "Adjusted"; the first time a strategy is followed, everything falls under Entering as the portfolio's first buy-in.
• The plan carries an "est. turnover" figure — an estimate of how much of the portfolio changes hands at the rebalance. It is an approximation and excludes exits, so it reads slightly low whenever instruments leave the book.
• The order plan describes a rebalance on paper: it is what the strategy's rules imply, not real orders sent to a broker (see Portfolio).
• With no changes due, the card shows "No changes this rebalance".

Worked example

At a rebalance, a strategy drops one instrument it no longer wants, adds two that now pass its rules, and keeps three others but changes their sizes. The order plan lists those as Exiting (1), Entering (2), and Adjusted (3), and shows an estimated turnover — say "35% turnover" — as a rough gauge of how much of the book is moving. That 35% covers only the two entries and the three re-sizings: the instrument leaving is counted as a move in the list but not in the turnover figure, so the real churn is a little higher.

The order plan describes what a strategy's rules imply, not an instruction to place anything. Fincanva provides no financial advice — see Is this financial advice?.