Every figure on this line is pulled live from M1 — holdings as of 2026-08-04, margin borrowed $33,887. “Total M1” is the GROSS sum of all 4 account values (Freedom Engine $113,392 + AAPL $61,926 + Parking Spot $44,374 + Personal/Amplifier x3368 $4,582); “net of margin” subtracts the $33,887 borrowed. Neither figure was hand-entered.
You're currently borrowing 29.9% of your investment value. Here's that number against every line that matters — your own guardrail and the two Academy caps:
Your guardrail 30% vs Academy 40% / 60%: the Academy allows a DTA (debt-to-assets) cap of 40% on a Plex and a margin-utilization cap of 60%. Your personal line is tighter and more conservative — 30%.
Headroom: you sit at 29.9%, about 0.1 points below your own 30% guardrail. That's real room to borrow a bit more before you touch your line — and you'd still be far under the Academy's 40% / 60% ceilings. Whether you should use that room is Step 3's question (is the income quality good enough to earn the spread?), not just "is there space?".
Your dividends cover the interest 6.99× over. Even at the largest draw M1 allows, coverage only falls to 4.18× — the loan would have to reach $118,519 before income coverage even touches the 2.0 guardrail — more than M1 will lend you, so you cannot get there. Income is not what stops you.
What actually moves is how far the market can fall before M1 issues a margin call. That cushion is what a draw spends:
Where you stand today (live M1, 2026-08-04)
Portfolio $113,392 · margin loan $33,887 at 5.15% · that is 29.88% of your assets and 47.08% of the borrowing line M1 gives you (M1’s own screen says 47.08% in use — we match it).
Interest costs $145.43/mo ($1,745/yr) against $1,017.29/mo of dividends — coverage 6.99×. M1 scores your margin health 58%; our model says 58.7% — a 0.74pp difference, so the margin-call column below is checked against M1’s own number every run.
| Draw (cash to you) | New loan | Debt/assets | Margin used | Interest/mo | Coverage (DSCR) | Posture | Can fall before call |
|---|---|---|---|---|---|---|---|
| $0you are here | $33,887 | 29.9% | 47.1% | $145.43 | 6.99× | CAUTION | 59%$66,592 drop |
| $131▸ Joseph personal DTA guardrail 30% (UNCONFIRMED) | $34,018 | 30.0% | 47.3% | $145.99 | 6.97× | CAUTION | 58%$66,365 drop |
| $2,102▸ CAUTION UTIL cap 50% | $35,989 | 31.7% | 50.0% | $154.45 | 6.59× | CAUTION | 56%$63,642 drop |
| $5,000 | $38,887 | 34.3% | 54.0% | $166.89 | 6.10× | STRONG | 53%$59,672 drop |
| $5,800▸ CAUTION DTA cap 35% | $39,687 | 35.0% | 55.1% | $170.32 | 5.97× | STRONG | 52%$58,537 drop |
| $9,299▸ STRONG UTIL cap 60% | $43,186 | 38.1% | 60.0% | $185.34 | 5.49× | STRONG | 47%$53,773 drop |
| $10,000 | $43,887 | 38.7% | 61.0% | $188.35 | 5.40× | OVER-CAP | 46%$52,752 drop |
| $11,470▸ STRONG DTA cap 40% | $45,357 | 40.0% | 63.0% | $194.66 | 5.23× | OVER-CAP | 45%$50,823 drop |
| $15,000 | $48,887 | 43.1% | 67.9% | $209.81 | 4.85× | OVER-CAP | 40%$45,945 drop |
| $15,395 | $49,283 | 43.5% | 68.5% | $211.50 | 4.81× | OVER-CAP | 40%$45,378 drop |
| $20,000 | $53,887 | 47.5% | 74.9% | $231.27 | 4.40× | OVER-CAP | 34%$39,025 drop |
| $22,854 | $56,741 | 50.0% | 78.8% | $243.51 | 4.18× | OVER-CAP | 31%$35,054 drop |
How to read a row. Draw = cash withdrawn out of the account. Coverage (DSCR) = monthly dividends ÷ monthly margin interest; the Academy guardrail is 2.0× and anything above that means the income is paying for the debt several times over. Can fall before call = how far the whole portfolio could drop before M1 issues a margin call. Posture = which Academy band the row lands in on the tighter of debt-to-assets / margin-utilisation.
On a leaner income month. The table uses $1,017.29 (2026-07, the latest complete month). A quarter-end month carries quarterly payers, so the leaner 2026-06 month ($1,009.45) is the honest stress case: coverage today would be 6.94× and 4.15× at the maximum draw — still well clear of 2.0×. Dividends would have to collapse to $487.03/mo for the fully-drawn loan to breach the guardrail.
Scenario: CASH WITHDRAWAL — drawn margin leaves the account; securities and therefore dividend income are unchanged.
Sources (nothing on this page is typed in by hand):
Blended maintenance requirement 27.55% across 17 holdings; margin call at a loan of $82,138. Read-only — nothing here places a trade or draws margin.
Projection pulled live from M1 on 2026-08-04 (0.0 days ago). Refreshed by the weekly PLEX-Flow run (Tuesday) — tools/lib_margin_projection.py.
The Academy goal for the two working buckets: hold names with the lowest M1 maintenance requirement (lower maintenance = more borrow power = more PLEX leverage) and high distribution yield (that's the cashflow engine). Bedrock leans stability + low maintenance; Cash Flow leans yield. Below is the triangulated shortlist (each figure cross-checked across ≥3 current sources), snapshot as of 2026-07-21. Each ticker is a link — click it for its live data page (StockAnalysis); hover to see the 3 verified sources behind the yield.
Two lists, two different jobs. These are the two PLEX buckets — they do different work, so keep them straight:
Where did these tickers come from? Two layers:
Before picking, we screened the entire marginable-ETF universe one ticker at a time — not a hand-picked shortlist. Here's the funnel:
Reviewed 1,953 ETFs (AUM ≥ $100M) one-by-one → 334 debt/income → 294 yield/expense → 223 volatility/correlation → 197 marginable candidates (81 bedrock, 116 cash-flow).
All 1,953 reviewed tickers — each with the exact drop-reason at whichever gate it fell — are recorded and auditable in data/plex-flow/etf-universe-screen.json (2026-08-04). We don't print all 1,953 rows here; the by-gate summary below shows how many dropped and why at each step.
By-gate drop summary — how many fell, and the most common reason, at each gate (from the auditable reviewed[] record).
| Gate | Dropped here | Survived | Last pulled | Top drop reasons |
|---|---|---|---|---|
| Gate 1 — asset type (debt/income only) | 1,619 | 334 | 2026-08-04 (0.0h before the screen ran) stockanalysis | not debt/income (assetClass=Equity) (998); excluded: leveraged/inverse/single-stock/commodity/crypto/vol (202) |
| Gate 2 — yield / expense band | 40 | 294 | 2026-08-04 (0.0h before the screen ran) stockanalysis | cash-flow yield N% too low (<N%) (17); bedrock yield N% too high (>N% => not stable/price-risk) (13) |
| Gate 3 — volatility / correlation | 71 | 223 | 2026-08-04 (0.0h before the screen ran) yfinance_char | bedrock corr N > N (too correlated to S&P) (54); bedrock vol N% > N (too volatile) (17) |
| Gate 4 — M1 marginable | 26 | 197 | 2026-08-04 (0.0h before the screen ran) m1_screenfunds | not M1-marginable (maint Not marginable) (26) |
Last pulled is when the data behind that gate was actually fetched — not when the screen ran. Each gate reads a different feed, so these dates legitimately differ; a gate that draws on more than one feed shows the OLDEST of them — a gate is only as fresh as its stalest input. No gate is shaded: every feed was fetched in the same pass as the screen.
Gate criteria are academy-defined (data/plex-flow/academy-ticker-framework.json + config/plex-ticker-config.json); no threshold was invented. Source universe: M1’s ETF list (screenFunds) enriched by StockAnalysis + yfinance.
What qualifies a Bedrock ticker (per the Academy): AAA / investment-grade or first-lien senior debt · LOW M1 maintenance (≤25%) · sustainable yield ~5–9% · low volatility (<10) · low S&P correlation (≤0.04). Term definitions → /fynanc-academy-glossary/ · full guardrail table in Step 5.
▸ Ranked by price stability (lowest volatility) — Bedrock. #1 = the calmest price. Basis: config/plex-ticker-config.json → tiers.bedrock.criteria_priority[0] = price_stability (tie-break: lower max-drawdown, then lower S&P correlation). The marked Volatility σ column is what the rank is measured from.
| Rank | Ticker (M1) | Name | Category | Marginable | M1 Maint % | Yield % | Volatility σrank basis | S&P Corr | Max DD % | Expense % | Performance | Cap | Distribution Frequency | 3y Return | Beta | Sustainability | Supporting |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| #1 | JAAA | Janus Henderson AAA CLO ETF | CLO (AAA-rated, floating rate) | Yes ✓ | 25% ✓ | 4.95% ~ | ▸1.3% ✓ | 0.35 ✓ | -1.5% | 0.2% | 19.9% ✓ | $28B | Monthly | 19.9% | 0.03 | STRONG — STRONG/covered | SA M1 Yahoo Schwab RH |
| #2 | SRLN | SPDR Blackstone Senior Loan ETF | Senior/floating-rate bank loans (actively managed) | Yes ✓ | 25% ✓ | 7.4% ✓ | ▸3% ✓ | 0.72 ✗ | -4.3% | 0.7% | 23.1% ✓ | $5.2B | Monthly | 23.1% | 0.14 | GOOD — GOOD/covered | SA M1 Yahoo Schwab RH |
| #3 | BKLN | Invesco Senior Loan ETF | Senior/floating-rate bank loans (index) | Yes ✓ | 25% ✓ | 6.56% ✓ | ▸3.1% ✓ | 0.69 ✗ | -3.5% | 0.65% | 22.3% ✓ | $7.2B | Monthly | 22.3% | 0.14 | GOOD — GOOD/covered | SA M1 Yahoo Schwab RH |
| #4 | BIZD | VanEck BDC Income ETF | BDC basket (business development companies) | Yes ✓ | 25% ✓ | 11.79% ✓ | ▸16.4% ✗ | 0.59 ~ | -22.6% | 0.4% | 13.4% ✓ | $1.6B | Quarterly | 13.4% | 0.63 | MODERATE — MODERATE | SA M1 Yahoo Schwab RH |
| #5 | PBDC | Putnam BDC Income ETF (actively managed) | BDC basket (actively managed) | Yes ✓ | 30% ✓ | 11.15% ✓ | ▸16.7% ✗ | 0.59 ~ | -20.5% | 0.75% | 18.5% ✓ | $280M | Quarterly | 18.5% | 0.65 | MODERATE — MODERATE | SA M1 Yahoo Schwab RH |
| #6 | ARCC | Ares Capital Corporation | BDC (single name, largest US BDC) | Yes ✓ | 25% ✓ | 9.98% ✓ | ▸17.5% ✗ | 0.60 ~ | -19.3% | — | 29.5% ✓ | $13.4B | Quarterly | 29.5% | 0.69 | STRONG — STRONG for a BDC | SA M1 Yahoo Schwab RH |
| #7 | GBDC | Golub Capital BDC, Inc. | BDC (single name, conservative) | Yes ✓ | 45% ~ | 9.84% ✓ | ▸17.6% ✗ | 0.48 ~ | -18.2% | — | 35.1% ✓ | $3.3B | Quarterly | 35.1% | 0.55 | STRONG — STRONG for a BDC | SA M1 Yahoo Schwab RH |
| #8 | BXSL | Blackstone Secured Lending Fund | BDC (single name, senior-secured focused) | Yes ✓ | 25% ✓ | 12.72% ✓ | ▸19.2% ✗ | 0.47 ~ | -24.2% | — | 18.4% ✓ | $5.4B | Quarterly | 18.4% | 0.59 | STRONG — STRONG for a BDC | SA M1 Yahoo Schwab RH |
Marks: ✓ within academy threshold · ~ borderline · ✗ outside · ? account-only / not verified · no mark = informational (academy sets no numeric threshold).
Criterion thresholds (academy-defined):
Source of truth: data/plex-flow/academy-ticker-framework.json + config/plex-ticker-config.json. Thresholds are academy-defined only; where the academy states none (Expense, Max Drawdown) it is shown informationally and flagged for Joseph — no threshold was invented.
Volatility · Max DD · 3y Return · Beta are 3-year, total-return-adjusted, measured vs SPY (as of 2026-07-18).
⛔ Screened OUT — not margin-eligible (0 PLEX buying power): CLOA (not listed on M1) · OBDC (M1 isMarginable=false / 100% maintenance) · JBBB (M1 isMarginable=false / 100% maintenance). PLEX borrows against holdings, so a security you can't margin can't stack capital — disqualified regardless of yield or credit quality.
What qualifies a Cash Flow ticker (per the Academy): high distribution yield (10%+) · yield EARNED, not return-of-capital (no NAV erosion) · options / covered-call income structure. Term definitions → /fynanc-academy-glossary/ · full guardrail table in Step 5.
▸ Ranked by highest yield — Cash Flow. #1 = the biggest income. Basis: config/plex-ticker-config.json → tiers.cash_flow.criteria_priority[0] = yield (tie-break: lower expense ratio). The marked Yield % column is what the rank is measured from.
| Rank | Ticker (M1) | Name | Category | Marginable | M1 Maint % | Yield %rank basis | Volatility σ | S&P Corr | Max DD % | Expense % | Performance | Cap | Distribution Frequency | 3y Return | Beta | Sustainability | Supporting |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| #1 | PDI | PIMCO Dynamic Income Fund | Multi-sector taxable bond CLOSED-END FUND (CEF, leveraged) | Yes ✓ | 25% ✓ | ▸15.79% ✓ | 14.3% n/a (cash-flow accepts vol) | 0.45 (informational) | -17.5% | — | 34.3% ✓ | $7.4B | Monthly | 34.3% | 0.42 | CAUTION — CAUTION | SA M1 Yahoo Schwab RH |
| #2 | QQQI | NEOS Nasdaq-100 High Income ETF | Covered-call / options income (Nasdaq-100), tax-efficient | Yes ✓ | 25% ✓ | ▸14.03% ✓ | 17.6% n/a (cash-flow accepts vol) | 0.95 (informational) | -20% | 0.68% | 53.5% ✓ | $13.3B | Monthly | 53.5% | 1.04 | CAUTION — CAUTION on optics: ~100% of recent distributions classified as RETURN OF CAPITAL, 30-day SEC yield ~0 | SA M1 Yahoo Schwab RH |
| #3 | SPYI | NEOS S&P 500 High Income ETF | Covered-call / options income (S&P 500), tax-efficient | Yes ✓ | 25% ✓ | ▸11.81% ✓ | 12.6% n/a (cash-flow accepts vol) | 0.98 (informational) | -16.5% | 0.68% | 51.3% ✓ | $10.7B | Monthly | 51.3% | 0.81 | CAUTION — CAUTION on optics: ~98% of distributions classified as RETURN OF CAPITAL and 30-day SEC yield ~0 | SA M1 Yahoo Schwab RH |
| #4 | JEPQ | JPMorgan Nasdaq Equity Premium Income ETF | Covered-call / equity premium income (Nasdaq-100) | Yes ✓ | 25% ✓ | ▸10.68% ✓ | 15.5% n/a (cash-flow accepts vol) | 0.94 (informational) | -20.1% | 0.35% | 63.5% ✓ | $39B | Monthly | 63.5% | 0.95 | GOOD — GOOD for the category | SA M1 Yahoo Schwab RH |
| #5 | JEPI | JPMorgan Equity Premium Income ETF | Covered-call / equity premium income (S&P 500) | Yes ✓ | 25% ✓ | ▸8.04% ✓ | 10.1% n/a (cash-flow accepts vol) | 0.85 (informational) | -13.3% | 0.35% | 29.3% ✓ | $44B | Monthly | 29.3% | 0.56 | GOOD — GOOD/covered for the category | SA M1 Yahoo Schwab RH |
Marks: ✓ within academy threshold · ~ borderline · ✗ outside · ? account-only / not verified · no mark = informational (academy sets no numeric threshold).
Criterion thresholds (academy-defined):
Source of truth: data/plex-flow/academy-ticker-framework.json + config/plex-ticker-config.json. Thresholds are academy-defined only; where the academy states none (Expense, Max Drawdown) it is shown informationally and flagged for Joseph — no threshold was invented.
Volatility · Max DD · 3y Return · Beta are 3-year, total-return-adjusted, measured vs SPY (as of 2026-07-18).
These are every ETF that survived the full funnel above — the pool the Selected picks (top of this step) were chosen from. Each row carries the same criteria, Performance, and Cap columns the picks were judged on, ranked within its tier by the same basis (bedrock = lowest volatility, cash-flow = highest yield). Rows marked PICK are the current shortlist picks (8 of the pool). Values read straight from data/plex-flow/etf-universe-screen.json (2026-08-04); unknown = —.
▸ Ranked by price stability (lowest volatility) — Bedrock. #1 = the calmest price. Basis: config/plex-ticker-config.json → tiers.bedrock.criteria_priority[0] = price_stability (tie-break: lower max-drawdown, then lower S&P correlation). The marked Volatility σ column is what the rank is measured from.
★ Best candidate: PULS — composite score 0.80/1.00 across all four metrics (equal weight). Profile: yield 4.469% · maint 25% · volatility 0.5% · max DD 0.3% · cushion +4.2pp. Composite = min-max normalize each metric across this group, invert the lower-is-better ones (maintenance, volatility, max drawdown), average. Equal weight — the PLEX tiers define a single primary basis, not a cross-metric weighting, so equal is the honest default.
∅ Metric relationship: Across these 81 bedrock candidates, yield and max-drawdown correlate r = +0.47 — a moderate link — higher yield tends to carry a DEEPER worst-case drawdown. The Income Cushion column surfaces the exceptions (high yield yet shallow drawdown = the most positive cushion). Yield ↔ volatility: r = +0.45 (n = 81). Pearson r computed live over the complete-pair candidates in this group; not a claim.
| Rank | Ticker | Name | Category | Marginable | M1 Maint % | Yield % | Volatility σrank basis | S&P Corr | Max DD % | Expense % | Income Cushion | Performance | Cap |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| #1 | SGOV | iShares 0-3 Month Treasury Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 3.749% ✗ | ▸0.2% ✓ | -0.02 ✓ | -0% | 0.09% | +3.7pp | 14.5% ✓ | $99.9B |
| #2 | SHV | iShares Short Treasury Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 3.744% ✗ | ▸0.2% ✓ | -0.01 ✓ | -0% | 0.15% | +3.7pp | 14.3% ✓ | $20.6B |
| #3 | TFLO | iShares Treasury Floating Rate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 3.791% ✗ | ▸0.3% ✓ | -0.07 ✓ | -0% | 0.15% | +3.8pp | 14.6% ✓ | $6.7B |
| #4 | TBIL | F/m US Treasury 3 Month Bill Fund | Fixed Income | Yes ✓ | 25% ✓ | 3.691% ✗ | ▸0.3% ✓ | 0.01 ✓ | -0% | 0.15% | +3.7pp | 14.3% ✓ | $7.2B |
| #5 | VGUS | Vanguard Ultra-Short Treasury ETF | Fixed Income | Yes ✓ | 25% ✓ | 3.595% ✗ | ▸0.3% ✓ | -0.17 ✓ | -0.1% | 0.07% | +3.5pp | 5.9% ✓ | $1B |
| #6 | VBIL | Vanguard 0-3 Month Treasury Bill ETF | Fixed Income | Yes ✓ | 25% ✓ | 3.584% ✗ | ▸0.3% ✓ | -0.03 ✓ | -0.1% | 0.06% | +3.5pp | 5.9% ✓ | $10.1B |
| #7 | ICSH | BlackRock Ultra Short-Term Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.204% ✗ | ▸0.4% ✓ | 0.11 ✓ | -0.1% | 0.08% | +4.1pp | 16% ✓ | $8.1B |
| #8 | USFR | WisdomTree Floating Rate Treasury Fund | Fixed Income | Yes ✓ | 25% ✓ | 3.793% ✗ | ▸0.4% ✓ | -0.02 ✓ | -0.4% | 0.15% | +3.4pp | 14.2% ✓ | $18.4B |
| #9 | GSY | Invesco Ultra Short Duration ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.252% ✗ | ▸0.5% ✓ | 0.15 ✓ | -0.2% | 0.22% | +4.1pp | 16.9% ✓ | $3.9B |
| #10 | PULS ★ Best candidate | PGIM Ultra Short Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.469% ✗ | ▸0.5% ✓ | 0.11 ✓ | -0.3% | 0.15% | +4.2pp | 16.7% ✓ | $18.3B |
| #11 | TBLL | Invesco Short Term Treasury ETF | Fixed Income | Yes ✓ | 25% ✓ | 3.691% ✗ | ▸0.5% ✓ | -0.04 ✓ | -0.4% | 0.08% | +3.3pp | 14.3% ✓ | $2.6B |
| #12 | RAVI | FlexShares Ready Access Variable Income Fund | Fixed Income | Yes ✓ | 25% ✓ | 4.301% ✗ | ▸0.5% ✓ | 0.17 ✓ | -0.4% | 0.25% | +3.9pp | 16% ✓ | $1.5B |
| #13 | JPST | JPMorgan Ultra-Short Income ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.193% ✗ | ▸0.6% ✓ | 0.09 ✓ | -0.3% | 0.18% | +3.9pp | 16.1% ✓ | $40.4B |
| #14 | VNLA | Janus Henderson Short Duration Income ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.741% ~ | ▸0.9% ✓ | 0.15 ✓ | -0.5% | 0.23% | +4.2pp | 17.4% ✓ | $3.4B |
| #15 | ULST | SPDR SSgA Ultra Short Term Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.192% ✗ | ▸1% ✓ | -0.01 ✓ | -0.5% | 0.2% | +3.7pp | 15% ✓ | $527M |
| #16 | PAAA | PGIM AAA CLO ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.8% ~ | ▸1% ✓ | 0.34 ✓ | -1% | 0.19% | +3.8pp | 20.1% ✓ | $11.2B |
| #17 | TBUX | T. Rowe Price Ultra Short-Term Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.421% ✗ | ▸1.1% ✓ | 0.04 ✓ | -0.4% | 0.17% | +4.0pp | 17.6% ✓ | $1.3B |
| #18 | RBIL | F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | Fixed Income | Yes ✓ | 50% ~ | 4.161% ✗ | ▸1.1% ✓ | -0.28 ✓ | -0.6% | 0.17% | +3.6pp | 5.6% ✓ | $154M |
| #19 | JAAA PICK | Janus Henderson AAA CLO ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.926% ~ | ▸1.3% ✓ | 0.36 ✓ | -1.5% | 0.2% | +3.4pp | 19.1% ✓ | $29.2B |
| #20 | SPSB | SPDR Portfolio Short Term Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.365% ✗ | ▸1.6% ✓ | 0.21 ✓ | -0.9% | 0.04% | +3.5pp | 16.7% ✓ | $10.7B |
| #21 | VGSH | Vanguard Short-Term Treasury Index ETF | Fixed Income | Yes ✓ | 25% ✓ | 3.822% ✗ | ▸1.6% ✓ | -0.04 ✓ | -1% | 0.03% | +2.8pp | 13.3% ✓ | $30.2B |
| #22 | SHY | iShares 1-3 Year Treasury Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 3.635% ✗ | ▸1.6% ✓ | 0.06 ✓ | -1% | 0.15% | +2.6pp | 12.9% ✓ | $25.1B |
| #23 | BSCQ | Invesco BulletShares 2026 Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.083% ✗ | ▸1.6% ✓ | 0.18 ✓ | -1% | 0.1% | +3.1pp | 16.3% ✓ | $3.6B |
| #24 | SPTS | SPDR Portfolio Short Term Treasury ETF | Fixed Income | Yes ✓ | 25% ✓ | 3.87% ✗ | ▸1.7% ✓ | -0.09 ✓ | -1% | 0.03% | +2.9pp | 13.5% ✓ | $6.1B |
| #25 | SCHO | Schwab Short-Term U.S. Treasury ETF | Fixed Income | Yes ✓ | 25% ✓ | 3.876% ✗ | ▸1.7% ✓ | -0.04 ✓ | -1% | 0.03% | +2.9pp | 13.3% ✓ | $12.9B |
| #26 | VSDB | Vanguard Short Duration Bond ETF | Fixed Income | Yes ✓ | 90% ✗ | 4.212% ✗ | ▸1.9% ✓ | 0.24 ✓ | -1.4% | 0.15% | +2.8pp | 6.2% ✓ | $920M |
| #27 | SLQD | iShares 0-5 Year Investment Grade Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.375% ✗ | ▸2% ✓ | 0.30 ✓ | -1.1% | 0.06% | +3.3pp | 16.9% ✓ | $2.4B |
| #28 | DFSD | Dimensional Short-Duration Fixed Income ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.587% ~ | ▸2.1% ✓ | 0.25 ✓ | -1.5% | 0.16% | +3.1pp | 16.5% ✓ | $7.1B |
| #29 | VCSH | Vanguard Short-Term Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.465% ✗ | ▸2.4% ✓ | 0.29 ✓ | -1.4% | 0.03% | +3.1pp | 17.4% ✓ | $44.8B |
| #30 | SCHJ | Schwab 1-5 Year Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.525% ~ | ▸2.4% ✓ | 0.25 ✓ | -1.5% | 0.03% | +3.0pp | 17.4% ✓ | $849M |
| #31 | IGSB | iShares 1-5 Year Investment Grade Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.621% ~ | ▸2.4% ✓ | 0.29 ✓ | -1.5% | 0.04% | +3.1pp | 17.8% ✓ | $23.2B |
| #32 | BSCR | Invesco BulletShares 2027 Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.263% ✗ | ▸2.4% ✓ | 0.21 ✓ | -2.3% | 0.1% | +2.0pp | 16.8% ✓ | $4.6B |
| #33 | SUSB | iShares ESG Aware 1-5 Year USD Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.537% ~ | ▸2.5% ✓ | 0.23 ✓ | -1.5% | 0.12% | +3.0pp | 17% ✓ | $1.3B |
| #34 | JSCP | JPMorgan Short Duration Core Plus ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.446% ✗ | ▸2.5% ✓ | 0.16 ✓ | -1.6% | 0.33% | +2.8pp | 17.7% ✓ | $1.7B |
| #35 | JPIE | JPMorgan Income ETF | Fixed Income | Yes ✓ | 25% ✓ | 5.628% ✓ | ▸2.5% ✓ | 0.36 ✓ | -1.7% | 0.39% | +3.9pp | 21.8% ✓ | $10.2B |
| #36 | CLOI | VanEck CLO ETF | Fixed Income | Yes ✓ | 25% ✓ | 5.216% ✓ | ▸2.6% ✓ | 0.35 ✓ | -3.3% | 0.36% | +1.9pp | 21.6% ✓ | $1.5B |
| #37 | ICLO | Invesco AAA CLO Floating Rate Note ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.962% ~ | ▸2.6% ✓ | 0.31 ✓ | -3.5% | 0.19% | +1.5pp | 20.1% ✓ | $530M |
| #38 | BSCS | Invesco BulletShares 2028 Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.443% ✗ | ▸3.1% ✓ | 0.24 ✓ | -2.9% | 0.1% | +1.5pp | 17.7% ✓ | $3.6B |
| #39 | IAGG | iShares Core International Aggregate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.513% ~ | ▸3.4% ✓ | 0.21 ✓ | -2.3% | 0.07% | +2.2pp | 14.8% ✓ | $10.9B |
| #40 | SKOR | FlexShares Credit-Scored US Corporate Bond Index Fund | Fixed Income | Yes ✓ | 25% ✓ | 4.707% ~ | ▸3.6% ✓ | 0.32 ✓ | -3% | 0.15% | +1.7pp | 18.3% ✓ | $737M |
| #41 | AGZD | WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | Fixed Income | Yes ✓ | 25% ✓ | 3.974% ✗ | ▸3.7% ✓ | 0.05 ✓ | -1.7% | 0.23% | +2.3pp | 17.8% ✓ | $135M |
| #42 | SPIB | SPDR Portfolio Intermediate Term Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.507% ~ | ▸3.7% ✓ | 0.32 ✓ | -2.9% | 0.04% | +1.6pp | 18.3% ✓ | $11.6B |
| #43 | BSCT | Invesco BulletShares 2029 Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.564% ~ | ▸3.9% ✓ | 0.28 ✓ | -3.7% | 0.1% | +0.9pp | 18% ✓ | $2.9B |
| #44 | PFIG | Invesco Fundamental Investment Grade Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.458% ✗ | ▸4.2% ✓ | 0.26 ✓ | -3.1% | 0.22% | +1.4pp | 16.3% ✓ | $117M |
| #45 | NFLT | Virtus Newfleet Multi-Sector Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 5.469% ✓ | ▸4.6% ✓ | 0.33 ✓ | -3.1% | 0.5% | +2.4pp | 23% ✓ | $455M |
| #46 | BSCU | Invesco BulletShares 2030 Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.616% ~ | ▸4.7% ✓ | 0.29 ✓ | -4.7% | 0.1% | −0.1pp | 18.2% ✓ | $2.7B |
| #47 | SMBS | Schwab Mortgage-Backed Securities ETF | Fixed Income | Yes ✓ | 75% ✗ | 5.233% ✓ | ▸4.8% ✓ | 0.14 ✓ | -3.2% | 0.03% | +2.0pp | 8.4% ✓ | $6.5B |
| #48 | DFCF | Dimensional Core Fixed Income ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.389% ✗ | ▸5.1% ✓ | 0.26 ✓ | -4.5% | 0.17% | −0.1pp | 15.3% ✓ | $11B |
| #49 | CGCP | Capital Group Core Plus Income ETF | Fixed Income | Yes ✓ | 25% ✓ | 5.146% ✓ | ▸5.1% ✓ | 0.30 ✓ | -4.5% | 0.34% | +0.6pp | 15.3% ✓ | $8.4B |
| #50 | SPAB | SPDR Portfolio Aggregate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.117% ✗ | ▸5.1% ✓ | 0.20 ✓ | -4.9% | 0.03% | −0.8pp | 13.1% ✓ | $9.8B |
| #51 | EAGG | iShares ESG Aware U.S. Aggregate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.058% ✗ | ▸5.2% ✓ | 0.20 ✓ | -5% | 0.1% | −0.9pp | 12.6% ✓ | $5B |
| #52 | SCHZ | Schwab U.S. Aggregate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.186% ✗ | ▸5.2% ✓ | 0.19 ✓ | -5.1% | 0.03% | −0.9pp | 12.9% ✓ | $10.5B |
| #53 | BSCV | Invesco BulletShares 2031 Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.713% ~ | ▸5.2% ✓ | 0.29 ✓ | -5.6% | 0.1% | −0.9pp | 18.9% ✓ | $1.8B |
| #54 | PFRL | PGIM Floating Rate Income ETF | Fixed Income | Yes ✓ | 25% ✓ | 6.483% ✓ | ▸5.2% ✓ | 0.33 ✓ | -8.8% | 0.72% | −2.3pp | 25.3% ✓ | $122M |
| #55 | AGG | iShares Core U.S. Aggregate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.046% ✗ | ▸5.3% ✓ | 0.21 ✓ | -5% | 0.03% | −1.0pp | 13% ✓ | $137.7B |
| #56 | AVIG | Avantis Core Fixed Income ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.392% ✗ | ▸5.3% ✓ | 0.24 ✓ | -5% | 0.15% | −0.6pp | 14.4% ✓ | $2B |
| #57 | BBAG | JPMorgan BetaBuilders U.S. Aggregate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.441% ✗ | ▸5.3% ✓ | 0.20 ✓ | -5.1% | 0.03% | −0.7pp | 12.9% ✓ | $995M |
| #58 | AGGY | WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | Fixed Income | Yes ✓ | 25% ✓ | 4.577% ~ | ▸5.4% ✓ | 0.29 ✓ | -4.8% | 0.12% | −0.2pp | 14.6% ✓ | $922M |
| #59 | IGIB | iShares 5-10 Year Investment Grade Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.908% ~ | ▸5.4% ✓ | 0.33 ✓ | -5.2% | 0.04% | −0.3pp | 19.8% ✓ | $18.6B |
| #60 | VCIT | Vanguard Intermediate-Term Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.867% ~ | ▸5.4% ✓ | 0.33 ✓ | -5.3% | 0.03% | −0.4pp | 19.2% ✓ | $67.6B |
| #61 | IBD | Inspire Corporate Bond Impact ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.265% ✗ | ▸5.5% ✓ | 0.14 ✓ | -3.6% | 0.41% | +0.7pp | 16.7% ✓ | $488M |
| #62 | USIG | iShares Broad USD Investment Grade Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.841% ~ | ▸5.5% ✓ | 0.35 ✓ | -5% | 0.04% | −0.2pp | 16.9% ✓ | $17.3B |
| #63 | SCHI | Schwab 5-10 Year Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 5.107% ✓ | ▸5.5% ✓ | 0.32 ✓ | -5.3% | 0.03% | −0.2pp | 19.2% ✓ | $11.4B |
| #64 | CORP | PIMCO Investment Grade Corporate Bond Index ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.982% ~ | ▸5.6% ✓ | 0.33 ✓ | -5% | 0.41% | −0.0pp | 17.1% ✓ | $1.6B |
| #65 | VCEB | Vanguard ESG U.S. Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.763% ~ | ▸5.6% ✓ | 0.36 ✓ | -5% | 0.12% | −0.2pp | 15.1% ✓ | $1.1B |
| #66 | VTC | Vanguard Total Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 5.011% ✓ | ▸5.8% ✓ | 0.35 ✓ | -5.2% | 0.03% | −0.2pp | 16.2% ✓ | $1.7B |
| #67 | QLTA | iShares Aaa-A Rated Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.603% ~ | ▸5.8% ✓ | 0.34 ✓ | -5.4% | 0.15% | −0.8pp | 13.9% ✓ | $1.2B |
| #68 | FCOR | Fidelity Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.667% ~ | ▸5.8% ✓ | 0.32 ✓ | -5.6% | 0.36% | −0.9pp | 17.3% ✓ | $347M |
| #69 | FIXD | First Trust TCW Opportunistic Fixed Income ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.788% ~ | ▸5.8% ✓ | 0.19 ✓ | -6.1% | 0.65% | −1.3pp | 12.6% ✓ | $3.2B |
| #70 | SPBO | SPDR Portfolio Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 5.179% ✓ | ▸5.9% ✓ | 0.36 ✓ | -5.2% | 0.03% | −0.0pp | 17.1% ✓ | $2.1B |
| #71 | SUSC | iShares ESG Aware USD Corporate Bond ETF | Fixed Income | Yes ✓ | 45% ~ | 4.584% ~ | ▸5.9% ✓ | 0.35 ✓ | -5.3% | 0.18% | −0.7pp | 15.7% ✓ | $1.3B |
| #72 | DMBS | DoubleLine Mortgage ETF | Fixed Income | Yes ✓ | 25% ✓ | 5.261% ✓ | ▸6.1% ✓ | 0.19 ✓ | -6.2% | 0.39% | −0.9pp | 14.8% ✓ | $699M |
| #73 | VMBS | Vanguard Mortgage-Backed Securities ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.235% ✗ | ▸6.1% ✓ | 0.19 ✓ | -6.4% | 0.03% | −2.2pp | 15.2% ✓ | $15.6B |
| #74 | MBB | iShares MBS ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.337% ✗ | ▸6.1% ✓ | 0.20 ✓ | -6.4% | 0.04% | −2.1pp | 14.6% ✓ | $39.1B |
| #75 | SPMB | SPDR Portfolio Mortgage Backed Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.167% ✗ | ▸6.1% ✓ | 0.18 ✓ | -6.5% | 0.04% | −2.3pp | 14.6% ✓ | $7B |
| #76 | JMBS | Janus Henderson Mortgage-Backed Securities ETF | Fixed Income | Yes ✓ | 25% ✓ | 5.27% ✓ | ▸6.1% ✓ | 0.19 ✓ | -6.7% | 0.21% | −1.4pp | 14.9% ✓ | $6.7B |
| #77 | LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 4.65% ~ | ▸7.2% ✓ | 0.36 ✓ | -6.7% | 0.14% | −2.0pp | 15.1% ✓ | $32.9B |
| #78 | AGGH | Simplify Aggregate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 7.564% ✓ | ▸8.4% ✓ | 0.13 ✓ | -6.7% | 0.3% | +0.9pp | 14.6% ✓ | $574M |
| #79 | PICB | Invesco International Corporate Bond ETF | Fixed Income | Yes ✓ | 25% ✓ | 3.422% ✗ | ▸8.4% ✓ | 0.26 ✓ | -9.7% | 0.5% | −6.3pp | 16.3% ✓ | $355M |
| #80 | TUA | Simplify Short Term Treasury Futures Strategy ETF | Fixed Income | Yes ✓ | 25% ✓ | 3.091% ✗ | ▸8.9% ✓ | -0.05 ✓ | -9.1% | 0.15% | −6.0pp | 1.5% ✗ | $660M |
| #81 | PFFR | InfraCap REIT Preferred ETF | Fixed Income | Yes ✓ | 25% ✓ | 8.268% ✓ | ▸9.1% ✓ | 0.37 ✓ | -11.2% | 0.45% | −2.9pp | 28.1% ✓ | $121M |
Marks: ✓ within academy threshold · ~ borderline · ✗ outside · ? account-only / not verified · no mark = informational (academy sets no numeric threshold).
Criterion thresholds (academy-defined):
Source of truth: data/plex-flow/academy-ticker-framework.json + config/plex-ticker-config.json. Thresholds are academy-defined only; where the academy states none (Expense, Max Drawdown) it is shown informationally and flagged for Joseph — no threshold was invented.
Volatility · Max DD · 3y Return · Beta are 3-year, total-return-adjusted, measured vs SPY (as of 2026-07-18).
▸ Ranked by highest yield — Cash Flow. #1 = the biggest income. Basis: config/plex-ticker-config.json → tiers.cash_flow.criteria_priority[0] = yield (tie-break: lower expense ratio). The marked Yield % column is what the rank is measured from.
★ Best candidate: LQDW — composite score 0.75/1.00 across all four metrics (equal weight). Profile: yield 12.303% · maint 25% · volatility 4.6% · max DD 5.7% · cushion +6.6pp. Composite = min-max normalize each metric across this group, invert the lower-is-better ones (maintenance, volatility, max drawdown), average. Equal weight — the PLEX tiers define a single primary basis, not a cross-metric weighting, so equal is the honest default.
∅ Metric relationship: Across these 116 cash-flow candidates, yield and max-drawdown correlate r = +0.84 — a strong link — higher yield tends to carry a DEEPER worst-case drawdown. The Income Cushion column surfaces the exceptions (high yield yet shallow drawdown = the most positive cushion). Yield ↔ volatility: r = +0.89 (n = 116). Pearson r computed live over the complete-pair candidates in this group; not a claim.
| Rank | Ticker | Name | Category | Marginable | M1 Maint % | Yield %rank basis | Volatility σ | S&P Corr | Max DD % | Expense % | Income Cushion | Performance | Cap |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| #1 | MSTY | YieldMax MSTR Option Income Strategy ETF | Equity | Yes ✓ | 75% ✗ | ▸249.925% ✓ | 71.8% n/a (cash-flow accepts vol) | 0.47 (informational) | -77.4% | 1.03% | +172.5pp | 16.3% ✗ | $757M |
| #2 | SMCY | YieldMax SMCI Option Income Strategy ETF | Equity | Yes ✓ | 60% ~ | ▸175.374% ✓ | 80.4% n/a (cash-flow accepts vol) | 0.40 (informational) | -64.7% | 1.01% | +110.7pp | -48% ✗ | $104M |
| #3 | CONY | YieldMax COIN Option Income Strategy ETF | Equity | Yes ✓ | 75% ✗ | ▸168.484% ✓ | 59.9% n/a (cash-flow accepts vol) | 0.53 (informational) | -63.6% | 1.04% | +104.9pp | 15.2% ✗ | $326M |
| #4 | ULTY | YieldMax Ultra Option Income Strategy ETF | Equity | Yes ✓ | 50% ~ | ▸110.116% ✓ | 26.9% n/a (cash-flow accepts vol) | 0.76 (informational) | -26.8% | 1.3% | +83.3pp | 6% ✗ | $741M |
| #5 | TSLY | YieldMax TSLA Option Income Strategy ETF | Equity | Yes ✓ | 40% ~ | ▸109.96% ✓ | 45.8% n/a (cash-flow accepts vol) | 0.60 (informational) | -49.5% | 1.07% | +60.5pp | 5% ✗ | $642M |
| #6 | PLTY | YieldMax PLTR Option Income Strategy ETF | Equity | Yes ✓ | 60% ~ | ▸101.442% ✓ | 54.2% n/a (cash-flow accepts vol) | 0.47 (informational) | -41.4% | 1.07% | +60.0pp | 150% ✓ | $303M |
| #7 | AMDY | Yieldmax AMD Option Income Strategy ETF | Equity | Yes ✓ | 60% ~ | ▸71.747% ✓ | 48.2% n/a (cash-flow accepts vol) | 0.60 (informational) | -53.9% | 1% | +17.8pp | 225.3% ✓ | $383M |
| #8 | YMAX | YieldMax Universe Fund of Option Income ETFs | Equity | Yes ✓ | 50% ~ | ▸69.864% ✓ | 23.5% n/a (cash-flow accepts vol) | 0.85 (informational) | -26.1% | 1.33% | +43.8pp | 36.1% ✗ | $386M |
| #9 | NVDY | YieldMax NVDA Option Income Strategy ETF | Equity | Yes ✓ | 50% ~ | ▸61.518% ✓ | 38.3% n/a (cash-flow accepts vol) | 0.64 (informational) | -34.1% | 1.09% | +27.4pp | 247.4% ✓ | $1.4B |
| #10 | FBY | YieldMax META Option Income Strategy ETF | Equity | Yes ✓ | 60% ~ | ▸60.573% ✓ | 29.6% n/a (cash-flow accepts vol) | 0.57 (informational) | -31.5% | 1.06% | +29.1pp | 54% ✗ | $101M |
| #11 | NVII | REX NVDA Growth & Income ETF | Equity | Yes ✓ | 75% ✗ | ▸56.462% ✓ | 35.9% n/a (cash-flow accepts vol) | 0.67 (informational) | -18.6% | 1.49% | +37.9pp | 66.1% ✓ | $108M |
| #12 | GOOY | YieldMax GOOGL Option Income Strategy ETF | Equity | Yes ✓ | 60% ~ | ▸52.808% ✓ | 24% n/a (cash-flow accepts vol) | 0.58 (informational) | -24.4% | 1.14% | +28.4pp | 99.6% ✓ | $240M |
| #13 | YMAG | YieldMax Magnificent 7 Fund of Option Income ETFs | Equity | Yes ✓ | 25% ✓ | ▸50.604% ✓ | 21.2% n/a (cash-flow accepts vol) | 0.87 (informational) | -26% | 1.34% | +24.6pp | 65.1% ✓ | $286M |
| #14 | TOPW | Roundhill Top WeeklyPay | Equity | Yes ✓ | 60% ~ | ▸49.94% ✓ | 27.8% n/a (cash-flow accepts vol) | 0.83 (informational) | -29.9% | 0.32% | +20.0pp | 1.2% ✗ | $138M |
| #15 | AMZY | YieldMax AMZN Option Income Strategy ETF | Equity | Yes ✓ | 60% ~ | ▸46.061% ✓ | 25.7% n/a (cash-flow accepts vol) | 0.65 (informational) | -23.7% | 1.09% | +22.4pp | 82% ✓ | $266M |
| #16 | QDTE | Roundhill Innovation-100 0DTE Covered Call Strategy ETF | Equity | Yes ✓ | 30% ✓ | ▸45.063% ✓ | 19.2% n/a (cash-flow accepts vol) | 0.90 (informational) | -22.9% | 0.97% | +22.2pp | 57.6% ✓ | $922M |
| #17 | RDTE | Roundhill Russell 2000 0DTE Covered Call Strategy ETF | Equity | Yes ✓ | 45% ~ | ▸43.52% ✓ | 18.9% n/a (cash-flow accepts vol) | 0.80 (informational) | -24.3% | 0.97% | +19.2pp | 43.5% ✗ | $175M |
| #18 | MAGY | Roundhill Magnificent Seven Covered Call ETF | Equity | Yes ✓ | 50% ~ | ▸38.144% ✓ | 16.2% n/a (cash-flow accepts vol) | 0.81 (informational) | -14.3% | 0.99% | +23.8pp | 20.8% ✗ | $119M |
| #19 | GPTY | YieldMax AI & Tech Portfolio Option Income ETF | Equity | Yes ✓ | 60% ~ | ▸37.047% ✓ | 30% n/a (cash-flow accepts vol) | 0.84 (informational) | -26.6% | 1.06% | +10.4pp | 46.4% ✓ | $102M |
| #20 | CHPY | YieldMax Semiconductor Portfolio Option Income ETF | Equity | Yes ✓ | 75% ✗ | ▸36.817% ✓ | 38.5% n/a (cash-flow accepts vol) | 0.78 (informational) | -27.6% | 1.03% | +9.2pp | 192.8% ✓ | $1B |
| #21 | APLY | YieldMax AAPL Option Income Strategy ETF | Equity | Yes ✓ | 45% ~ | ▸36.015% ✓ | 22.2% n/a (cash-flow accepts vol) | 0.60 (informational) | -31.1% | 1.04% | +4.9pp | 31.8% ✗ | $119M |
| #22 | AIPI | REX AI Equity Premium Income ETF | Equity | Yes ✓ | 45% ~ | ▸35.56% ✓ | 21.6% n/a (cash-flow accepts vol) | 0.86 (informational) | -25.3% | 0.65% | +10.3pp | 47.1% ✓ | $405M |
| #23 | QQQY | Defiance Nasdaq 100 Weekly Distribution ETF | Equity | Yes ✓ | 25% ✓ | ▸35.255% ✓ | 15.8% n/a (cash-flow accepts vol) | 0.84 (informational) | -19% | 1.01% | +16.3pp | 52.6% ✓ | $181M |
| #24 | MSFO | YieldMax MSFT Option Income Strategy ETF | Equity | Yes ✓ | 75% ✗ | ▸34.776% ✓ | 21.9% n/a (cash-flow accepts vol) | 0.55 (informational) | -29.6% | 1.03% | +5.2pp | 52.9% ✓ | $114M |
| #25 | XDTE | Roundhill S&P 500 0DTE Covered Call Strategy ETF | Equity | Yes ✓ | 30% ✓ | ▸31.539% ✓ | 13.9% n/a (cash-flow accepts vol) | 0.94 (informational) | -19.1% | 0.97% | +12.4pp | 45.5% ✓ | $341M |
| #26 | ECC | Eagle Point Credit Company of Beneficial Interest | Yes ✓ | 50% ~ | ▸31.01% ✓ | 25.8% n/a (cash-flow accepts vol) | 0.40 (informational) | -49.4% | — | −18.4pp | -28.8% ✗ | $508M | |
| #27 | KLIP | KraneShares KWEB Covered Call Strategy ETF | Equity | Yes ✓ | 60% ~ | ▸28.73% ✓ | 17.6% n/a (cash-flow accepts vol) | 0.49 (informational) | -21.5% | 0.95% | +7.2pp | 18.9% ✗ | $101M |
| #28 | FEPI | REX FANG & Innovation Equity Premium Income ETF | Equity | Yes ✓ | 30% ✓ | ▸25.786% ✓ | 19.6% n/a (cash-flow accepts vol) | 0.88 (informational) | -23.6% | 0.65% | +2.2pp | 58.5% ✓ | $655M |
| #29 | QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | Equity | Yes ✓ | 45% ~ | ▸17.2% ✓ | 16.5% n/a (cash-flow accepts vol) | 0.93 (informational) | -20.8% | 0.35% | −3.6pp | 69.4% ✓ | $158M |
| #30 | PDI PICK | PIMCO Dynamic Income Fund | Yes ✓ | 25% ✓ | ▸16.54% ✓ | 14.4% n/a (cash-flow accepts vol) | 0.45 (informational) | -17.5% | — | −1.0pp | 27% ✓ | $7.4B | |
| #31 | HIX | Western Asset High Income Fund II Inc. | Yes ✓ | 50% ~ | ▸15.15% ✓ | 14.5% n/a (cash-flow accepts vol) | 0.40 (informational) | -14.9% | — | +0.2pp | 19.1% ✓ | $353M | |
| #32 | OMAH | VistaShares Target 15 Berkshire Select Income ETF | Equity | Yes ✓ | 25% ✓ | ▸14.941% ✓ | 12.8% n/a (cash-flow accepts vol) | 0.76 (informational) | -11.8% | 0.98% | +3.1pp | 17.6% ✓ | $990M |
| #33 | EHI | Western Asset Global High Income Fund Inc | Yes ✓ | 25% ✓ | ▸14.61% ✓ | 11.7% n/a (cash-flow accepts vol) | 0.41 (informational) | -16% | — | −1.4pp | 20.3% ✓ | $177M | |
| #34 | QQQI PICK | NEOS Nasdaq 100 High Income ETF | Equity | Yes ✓ | 25% ✓ | ▸13.955% ✓ | 17.8% n/a (cash-flow accepts vol) | 0.95 (informational) | -20% | 0.68% | −6.0pp | 56.7% ✓ | $13.4B |
| #35 | EDF | Virtus Stone Harbor Emerging Markets Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸13.85% ✓ | 21.3% n/a (cash-flow accepts vol) | 0.31 (informational) | -23.4% | — | −9.5pp | 68.1% ✓ | $168M | |
| #36 | IWMI | NEOS Russell 2000 High Income ETF | Equity | Yes ✓ | 25% ✓ | ▸13.596% ✓ | 17.7% n/a (cash-flow accepts vol) | 0.87 (informational) | -23.9% | 0.68% | −10.3pp | 44.4% ✓ | $1.1B |
| #37 | KIO | KKR Income Opportunities Fund | Yes ✓ | 25% ✓ | ▸13.24% ✓ | 11.4% n/a (cash-flow accepts vol) | 0.57 (informational) | -22.8% | — | −9.6pp | 32.7% ✓ | $454M | |
| #38 | FTF | Franklin Limited Duration Income Trust of Beneficial Interest | Yes ✓ | 25% ✓ | ▸12.92% ✓ | 9.9% n/a (cash-flow accepts vol) | 0.45 (informational) | -11.6% | — | +1.3pp | 29.7% ✓ | $232M | |
| #39 | PAXS | PIMCO Access Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸12.66% ✓ | 14.8% n/a (cash-flow accepts vol) | 0.49 (informational) | -13.4% | — | −0.7pp | 34.4% ✓ | $667M | |
| #40 | BWG | BrandywineGLOBAL Global Income Opportunities Fund Inc. | Yes ✓ | 25% ✓ | ▸12.42% ✓ | 12.3% n/a (cash-flow accepts vol) | 0.47 (informational) | -14% | — | −1.6pp | 38% ✓ | $131M | |
| #41 | PHK | Pimco High Income Fund | Yes ✓ | 50% ~ | ▸12.39% ✓ | 12% n/a (cash-flow accepts vol) | 0.40 (informational) | -16.4% | — | −4.0pp | 32.3% ✓ | $875M | |
| #42 | DSL | DoubleLine Income Solutions Fund of Beneficial Interests | Yes ✓ | 25% ✓ | ▸12.37% ✓ | 12.6% n/a (cash-flow accepts vol) | 0.50 (informational) | -14.4% | — | −2.0pp | 22.8% ✓ | $1.2B | |
| #43 | LQDW ★ Best candidate | iShares Investment Grade Corporate Bond BuyWrite Strategy ETF | Fixed Income | Yes ✓ | 25% ✓ | ▸12.303% ✓ | 4.6% n/a (cash-flow accepts vol) | 0.38 (informational) | -5.7% | 0.34% | +6.6pp | 10% ✗ | $318M |
| #44 | PTY | Pimco Corporate & Income Opportunity Fund | Yes ✓ | 25% ✓ | ▸12.17% ✓ | 13% n/a (cash-flow accepts vol) | 0.42 (informational) | -15.5% | — | −3.3pp | 11.1% ✗ | $2.5B | |
| #45 | WTPI | WisdomTree Equity Premium Income Fund | Equity | Yes ✓ | 25% ✓ | ▸12.127% ✓ | 11.6% n/a (cash-flow accepts vol) | 0.92 (informational) | -15.3% | 0.44% | −3.2pp | 46.3% ✓ | $494M |
| #46 | HIO | Western Asset High Income Opportunity Fund Inc. | Yes ✓ | 50% ~ | ▸12.07% ✓ | 11.4% n/a (cash-flow accepts vol) | 0.48 (informational) | -13.3% | — | −1.2pp | 30.6% ✓ | $338M | |
| #47 | BIZD PICK | VanEck Vectors BDC Income ETF | Equity | Yes ✓ | 25% ✓ | ▸11.931% ✓ | 16.5% n/a (cash-flow accepts vol) | 0.59 (informational) | -22.6% | 9.69% | −10.7pp | 12.8% ✓ | $1.6B |
| #48 | SPYI PICK | NEOS S&P 500 High Income ETF | Equity | Yes ✓ | 25% ✓ | ▸11.742% ✓ | 12.7% n/a (cash-flow accepts vol) | 0.98 (informational) | -16.5% | 0.68% | −4.8pp | 56.4% ✓ | $11B |
| #49 | QYLD | Global X NASDAQ 100 Covered Call ETF | Equity | Yes ✓ | 25% ✓ | ▸11.706% ✓ | 13.6% n/a (cash-flow accepts vol) | 0.88 (informational) | -19.1% | 0.6% | −7.4pp | 45.8% ✓ | $8B |
| #50 | RYLD | Global X Russell 2000 Covered Call ETF | Equity | Yes ✓ | 25% ✓ | ▸11.475% ✓ | 12.9% n/a (cash-flow accepts vol) | 0.84 (informational) | -19% | 0.6% | −7.5pp | 28.9% ✓ | $1.4B |
| #51 | PBP | Invesco S&P 500 BuyWrite ETF | Equity | Yes ✓ | 25% ✓ | ▸11.327% ✓ | 10.7% n/a (cash-flow accepts vol) | 0.86 (informational) | -15.4% | 0.29% | −4.1pp | 43.7% ✓ | $352M |
| #52 | TLTW | iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | Fixed Income | Yes ✓ | 25% ✓ | ▸11.302% ✓ | 10.1% n/a (cash-flow accepts vol) | 0.19 (informational) | -12.9% | 0.35% | −1.6pp | 2.8% ✗ | $1.8B |
| #53 | PBDC PICK | Putnam BDC Income ETF | Equity | Yes ✓ | 30% ✓ | ▸11.256% ✓ | 16.8% n/a (cash-flow accepts vol) | 0.60 (informational) | -20.5% | 13.49% | −9.2pp | 17.7% ✓ | $283M |
| #54 | HYT | Blackrock Corporate High Yield Fund Inc. | Yes ✓ | 25% ✓ | ▸11.2% ✓ | 13% n/a (cash-flow accepts vol) | 0.61 (informational) | -14% | — | −2.8pp | 25.7% ✓ | $1.4B | |
| #55 | FTQI | First Trust Alerian US NextGen Infrastructure ETF | Equity | Yes ✓ | 25% ✓ | ▸11.088% ✓ | 13.6% n/a (cash-flow accepts vol) | 0.94 (informational) | -19.4% | 0.75% | −8.3pp | 61.3% ✓ | $908M |
| #56 | JEPQ PICK | JPMorgan Nasdaq Equity Premium Income ETF | Equity | Yes ✓ | 25% ✓ | ▸11.034% ✓ | 15.8% n/a (cash-flow accepts vol) | 0.94 (informational) | -20.1% | 0.35% | −9.1pp | 69.2% ✓ | $39.9B |
| #57 | HYI | Western Asset High Yield Opportunity Fund Inc. | Yes ✓ | 25% ✓ | ▸10.97% ✓ | 8.4% n/a (cash-flow accepts vol) | 0.46 (informational) | -8.2% | — | +2.8pp | 19.5% ✓ | $134M | |
| #58 | IYRI | NEOS Real Estate High Income ETF | Equity | Yes ✓ | 50% ~ | ▸10.968% ✓ | 13% n/a (cash-flow accepts vol) | 0.55 (informational) | -12.1% | 0.68% | −1.1pp | 17.4% ✓ | $307M |
| #59 | ARDC | Ares Dynamic Credit Allocation Fund Inc. | Yes ✓ | 25% ✓ | ▸10.9% ✓ | 12.4% n/a (cash-flow accepts vol) | 0.47 (informational) | -19.8% | — | −8.9pp | 32.7% ✓ | $298M | |
| #60 | EMD | Western Asset Emerging Markets Debt Fund Inc | Yes ✓ | 25% ✓ | ▸10.89% ✓ | 13.1% n/a (cash-flow accepts vol) | 0.51 (informational) | -13.3% | — | −2.4pp | 63.6% ✓ | $612M | |
| #61 | BLW | Blackrock Limited Duration Income Trust | Yes ✓ | 25% ✓ | ▸10.83% ✓ | 9.6% n/a (cash-flow accepts vol) | 0.47 (informational) | -11.2% | — | −0.4pp | 27.2% ✓ | $490M | |
| #62 | EDD | Morgan Stanley Emerging Markets Domestic Debt Fund Inc. | Yes ✓ | 25% ✓ | ▸10.82% ✓ | 15.1% n/a (cash-flow accepts vol) | 0.44 (informational) | -17.7% | — | −6.9pp | 71.1% ✓ | $380M | |
| #63 | GHY | PGIM Global High Yield Fund Inc. | Yes ✓ | 25% ✓ | ▸10.81% ✓ | 13.2% n/a (cash-flow accepts vol) | 0.51 (informational) | -16.4% | — | −5.6pp | 40.8% ✓ | $478M | |
| #64 | QDVO | Amplify CWP Growth & Income ETF | Equity | Yes ✓ | 25% ✓ | ▸10.687% ✓ | 17.4% n/a (cash-flow accepts vol) | 0.94 (informational) | -17.8% | 0.56% | −7.1pp | 46.7% ✓ | $724M |
| #65 | XYLD | Global X S&P 500 Covered Call ETF | Equity | Yes ✓ | 25% ✓ | ▸10.462% ✓ | 10.4% n/a (cash-flow accepts vol) | 0.89 (informational) | -15.5% | 0.6% | −5.0pp | 41.1% ✓ | $3.2B |
| #66 | BGH | Barings Global Short Duration High Yield Fund of Beneficial Interests | Yes ✓ | 25% ✓ | ▸10.46% ✓ | 12% n/a (cash-flow accepts vol) | 0.53 (informational) | -16.9% | — | −6.4pp | 48.6% ✓ | $284M | |
| #67 | DJIA | Global X Dow 30 Covered Call ETF | Equity | Yes ✓ | 25% ✓ | ▸10.325% ✓ | 10.1% n/a (cash-flow accepts vol) | 0.77 (informational) | -12.1% | 0.6% | −1.8pp | 37.6% ✓ | $184M |
| #68 | XQQI | NEOS Boosted Nasdaq-100 High Income ETF | Equity | Yes ✓ | 50% ~ | ▸10.254% ✓ | 28.5% n/a (cash-flow accepts vol) | 0.91 (informational) | -15.5% | 0.98% | −5.2pp | 11.8% ✓ | $254M |
| #69 | EAD | Allspring Income Opportunities Fund | Yes ✓ | 25% ✓ | ▸10.19% ✓ | 10.8% n/a (cash-flow accepts vol) | 0.59 (informational) | -12.7% | — | −2.5pp | 33% ✓ | $378M | |
| #70 | ISD | PGIM High Yield Bond Fund Inc. | Yes ✓ | 25% ✓ | ▸10.13% ✓ | 12.2% n/a (cash-flow accepts vol) | 0.55 (informational) | -13.9% | — | −3.8pp | 35.2% ✓ | $416M | |
| #71 | BTZ | BlackRock Credit Allocation Income Trust | Yes ✓ | 25% ✓ | ▸10.1% ✓ | 10.4% n/a (cash-flow accepts vol) | 0.52 (informational) | -9.3% | — | +0.8pp | 32% ✓ | $937M | |
| #72 | MLPI | NEOS MLP & Energy Infrastructure High Income ETF | Equity | Yes ✓ | 50% ~ | ▸10.072% ✓ | 13.3% n/a (cash-flow accepts vol) | -0.19 (informational) | -5.4% | 0.68% | +4.7pp | 18.3% ✓ | $831M |
| #73 | NMAI | Nuveen Multi-Asset Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸9.95% ✓ | 13.4% n/a (cash-flow accepts vol) | 0.70 (informational) | -13% | — | −3.1pp | 71% ✓ | $475M | |
| #74 | JGH | Nuveen Global High Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸9.92% ✓ | 12.4% n/a (cash-flow accepts vol) | 0.50 (informational) | -13.7% | — | −3.8pp | 46.7% ✓ | $354M | |
| #75 | PGP | Pimco Global StocksPlus & Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸9.78% ✓ | 16.2% n/a (cash-flow accepts vol) | 0.42 (informational) | -18.9% | — | −9.1pp | 58.2% ✓ | $100M | |
| #76 | TEI | Templeton Emerging Markets Income Fund Inc. | Yes ✓ | 25% ✓ | ▸9.76% ✓ | 15.8% n/a (cash-flow accepts vol) | 0.46 (informational) | -14.5% | — | −4.7pp | 91.6% ✓ | $317M | |
| #77 | NCV | Virtus Convertible & Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸9.74% ✓ | 17.3% n/a (cash-flow accepts vol) | 0.70 (informational) | -17.8% | — | −8.1pp | 75.4% ✓ | $384M | |
| #78 | MCI | Barings Corporate Investors | Yes ✓ | 25% ✓ | ▸9.68% ✓ | 23.6% n/a (cash-flow accepts vol) | 0.11 (informational) | -27.7% | — | −18.0pp | 35.3% ✓ | $336M | |
| #79 | ERC | Allspring Multi-Sector Income Fund | Yes ✓ | 25% ✓ | ▸9.59% ✓ | 9.8% n/a (cash-flow accepts vol) | 0.50 (informational) | -10% | — | −0.4pp | 27.1% ✓ | $258M | |
| #80 | CHY | Calamos Convertible and High Income Fund | Yes ✓ | 25% ✓ | ▸9.55% ✓ | 16.7% n/a (cash-flow accepts vol) | 0.65 (informational) | -24.3% | — | −14.8pp | 53.8% ✓ | $1B | |
| #81 | CCD | Calamos Dynamic Convertible & Income Fund | Yes ✓ | 25% ✓ | ▸9.44% ✓ | 18.5% n/a (cash-flow accepts vol) | 0.66 (informational) | -22.3% | — | −12.9pp | 70.5% ✓ | $736M | |
| #82 | DBL | DoubleLine Opportunistic Credit Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸9.4% ✓ | 8.5% n/a (cash-flow accepts vol) | 0.31 (informational) | -5.7% | — | +3.7pp | 27.2% ✓ | $279M | |
| #83 | HPF | John Hancock Pfd Income Fund II Pfd Income Fund II | Yes ✓ | 25% ✓ | ▸9.36% ✓ | 13.7% n/a (cash-flow accepts vol) | 0.47 (informational) | -16.9% | — | −7.5pp | 36.3% ✓ | $346M | |
| #84 | EVV | Eaton Vance Limited Duration Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸9.31% ✓ | 10.6% n/a (cash-flow accepts vol) | 0.49 (informational) | -9.5% | — | −0.2pp | 29.1% ✓ | $1.1B | |
| #85 | NCZ | Virtus Convertible & Income Fund II of Beneficial Interest | Yes ✓ | 25% ✓ | ▸9.31% ✓ | 18.9% n/a (cash-flow accepts vol) | 0.68 (informational) | -19.5% | — | −10.2pp | 82.6% ✓ | $298M | |
| #86 | SCD | LMP Capital and Income Fund Inc. | Yes ✓ | 25% ✓ | ▸9.31% ✓ | 17.1% n/a (cash-flow accepts vol) | 0.63 (informational) | -21.8% | — | −12.5pp | 63.5% ✓ | $358M | |
| #87 | ETJ | Eaton Vance Risk-Managed Diversified Equity Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸9.27% ✓ | 13.8% n/a (cash-flow accepts vol) | 0.75 (informational) | -15.4% | — | −6.1pp | 36.4% ✓ | $572M | |
| #88 | NIHI | NEOS MSCI EAFE High Income ETF | Equity | Yes ✓ | 45% ~ | ▸9.266% ✓ | 14.9% n/a (cash-flow accepts vol) | 0.73 (informational) | -10.9% | 0.68% | −1.6pp | 15.7% ✓ | $187M |
| #89 | BGX | Blackstone Long Short Credit Income Fund | Yes ✓ | 25% ✓ | ▸9.1% ✓ | 10.7% n/a (cash-flow accepts vol) | 0.51 (informational) | -14.1% | — | −5.0pp | 23.8% ✓ | $137M | |
| #90 | CHI | Calamos Convertible Opportunities and Income Fund | Yes ✓ | 25% ✓ | ▸9.1% ✓ | 17.9% n/a (cash-flow accepts vol) | 0.64 (informational) | -27.5% | — | −18.4pp | 57.1% ✓ | $1B | |
| #91 | WIW | Western Asset Inflation-Linked Opportunities & Income Fund | Yes ✓ | 25% ✓ | ▸9.06% ✓ | 8% n/a (cash-flow accepts vol) | 0.35 (informational) | -8.2% | — | +0.9pp | 21.2% ✓ | $510M | |
| #92 | IHD | Voya Emerging Markets High Income Dividend Equity Fund | Yes ✓ | 45% ~ | ▸9.02% ✓ | 17.5% n/a (cash-flow accepts vol) | 0.56 (informational) | -14.3% | — | −5.3pp | 97.5% ✓ | $131M | |
| #93 | NIE | Virtus Equity & Convertible Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸8.94% ✓ | 15.6% n/a (cash-flow accepts vol) | 0.86 (informational) | -20.8% | — | −11.9pp | 62.5% ✓ | $725M | |
| #94 | ERH | Allspring Utilities and High Income Fund | Yes ✓ | 25% ✓ | ▸8.88% ✓ | 14.8% n/a (cash-flow accepts vol) | 0.33 (informational) | -19% | — | −10.1pp | 53.6% ✓ | $105M | |
| #95 | FTHI | First Trust BuyWrite Income ETF | Equity | Yes ✓ | 25% ✓ | ▸8.805% ✓ | 11.7% n/a (cash-flow accepts vol) | 0.94 (informational) | -15.9% | 0.75% | −7.1pp | 48.8% ✓ | $2.4B |
| #96 | HEQ | John Hancock Diversified Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸8.78% ✓ | 11.9% n/a (cash-flow accepts vol) | 0.70 (informational) | -13.4% | — | −4.6pp | 43.3% ✓ | $139M | |
| #97 | EOS | Eaton Vance Enhance Equity Income Fund II | Yes ✓ | 25% ✓ | ▸8.59% ✓ | 18.4% n/a (cash-flow accepts vol) | 0.85 (informational) | -24.3% | — | −15.7pp | 54.4% ✓ | $1.2B | |
| #98 | EVG | Eaton Vance Short Diversified Income Fund Duration Diversified Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸8.43% ✓ | 10.8% n/a (cash-flow accepts vol) | 0.37 (informational) | -8.2% | — | +0.2pp | 38.1% ✓ | $143M | |
| #99 | MSD | Morgan Stanley Emerging Markets Debt Fund Inc. | Yes ✓ | 25% ✓ | ▸8.43% ✓ | 12.8% n/a (cash-flow accepts vol) | 0.45 (informational) | -12.8% | — | −4.4pp | 54.4% ✓ | $148M | |
| #100 | ETW | Eaton Vance Corporation Tax-Managed Global Buy-Write Opportunites Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸8.38% ✓ | 14.7% n/a (cash-flow accepts vol) | 0.83 (informational) | -16.3% | — | −7.9pp | 57.1% ✓ | $1.1B | |
| #101 | KNG | Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | Alternatives | Yes ✓ | 25% ✓ | ▸8.275% ✓ | 11.6% n/a (cash-flow accepts vol) | 0.61 (informational) | -14.2% | 0.74% | −5.9pp | 24% ✓ | $3.5B |
| #102 | ETY | Eaton Vance Tax-Managed Diversified Equity Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸8.27% ✓ | 16% n/a (cash-flow accepts vol) | 0.86 (informational) | -21.3% | — | −13.0pp | 52.9% ✓ | $2.3B | |
| #103 | ETB | Eaton Vance Tax-Managed Buy-Write Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸8.21% ✓ | 13.6% n/a (cash-flow accepts vol) | 0.85 (informational) | -20.1% | — | −11.9pp | 50% ✓ | $457M | |
| #104 | ETV | Eaton Vance Corporation Tax-Managed Buy-Write Opportunities Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸8.13% ✓ | 15.4% n/a (cash-flow accepts vol) | 0.84 (informational) | -20.3% | — | −12.2pp | 49.8% ✓ | $1.8B | |
| #105 | EOI | Eaton Vance Enhance Equity Income Fundd Equity Income Fund Shares of Beneficial Interest | Yes ✓ | 25% ✓ | ▸8.12% ✓ | 16.7% n/a (cash-flow accepts vol) | 0.78 (informational) | -23.2% | — | −15.1pp | 56.1% ✓ | $822M | |
| #106 | EXG | Eaton Vance Tax-Managed Global Diversified Equity Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸8.06% ✓ | 15% n/a (cash-flow accepts vol) | 0.83 (informational) | -15.1% | — | −7.0pp | 64% ✓ | $3B | |
| #107 | WEA | Western Asset Bond Fund Share of Beneficial Interest | Yes ✓ | 25% ✓ | ▸8.05% ✓ | 11.9% n/a (cash-flow accepts vol) | 0.26 (informational) | -11.6% | — | −3.5pp | 22.6% ✓ | $124M | |
| #108 | JEPI PICK | JPMorgan Equity Premium Income ETF | Equity | Yes ✓ | 25% ✓ | ▸7.996% ~ | 10.2% n/a (cash-flow accepts vol) | 0.85 (informational) | -13.3% | 0.35% | −5.3pp | 31.8% ✓ | $45.8B |
| #109 | WIA | Western Asset Inflation-Linked Income Fund | Yes ✓ | 25% ✓ | ▸7.88% ~ | 7.3% n/a (cash-flow accepts vol) | 0.24 (informational) | -8.1% | — | −0.2pp | 19.2% ✓ | $186M | |
| #110 | AWF | Alliancebernstein Global High Income Fund | Yes ✓ | 25% ✓ | ▸7.79% ~ | 9.7% n/a (cash-flow accepts vol) | 0.57 (informational) | -11.1% | — | −3.3pp | 29.1% ✓ | $876M | |
| #111 | NMZ | Nuveen Municipal High Income Opportunity Fund $0.01 par value per share | Yes ✓ | 25% ✓ | ▸7.74% ~ | 12.1% n/a (cash-flow accepts vol) | 0.35 (informational) | -19.4% | — | −11.7pp | 19.6% ✓ | $2.2B | |
| #112 | PDX | PIMCO Dynamic Income Strategy Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸7.49% ~ | 24.4% n/a (cash-flow accepts vol) | 0.38 (informational) | -37.2% | — | −29.7pp | 85.4% ✓ | $954M | |
| #113 | HTD | John Hancock Tax Advantaged Dividend Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸7.36% ~ | 15.4% n/a (cash-flow accepts vol) | 0.44 (informational) | -18.5% | — | −11.1pp | 62% ✓ | $909M | |
| #114 | CHW | Calamos Global Dynamic Income Fund | Yes ✓ | 25% ✓ | ▸7.35% ~ | 17.1% n/a (cash-flow accepts vol) | 0.78 (informational) | -20.4% | — | −13.0pp | 81.8% ✓ | $539M | |
| #115 | DNP | DNP Select Income Fund Inc. | Yes ✓ | 25% ✓ | ▸7.26% ~ | 14.5% n/a (cash-flow accepts vol) | 0.39 (informational) | -16.2% | — | −8.9pp | 36.3% ✓ | $4B | |
| #116 | EVT | Eaton Vance Tax Advantaged Dividend Income Fund of Beneficial Interest | Yes ✓ | 25% ✓ | ▸7.02% ~ | 14.7% n/a (cash-flow accepts vol) | 0.79 (informational) | -18.7% | — | −11.7pp | 58.5% ✓ | $2.1B |
Marks: ✓ within academy threshold · ~ borderline · ✗ outside · ? account-only / not verified · no mark = informational (academy sets no numeric threshold).
Criterion thresholds (academy-defined):
Source of truth: data/plex-flow/academy-ticker-framework.json + config/plex-ticker-config.json. Thresholds are academy-defined only; where the academy states none (Expense, Max Drawdown) it is shown informationally and flagged for Joseph — no threshold was invented.
Volatility · Max DD · 3y Return · Beta are 3-year, total-return-adjusted, measured vs SPY (as of 2026-07-18).
The full universe sweep — all reviewed tickers, verdicts, drop-reasons, and the 197 surviving candidates — is data/plex-flow/etf-universe-screen.json. Built by tools/plex_etf_universe_screen.py (M1 screenFunds + StockAnalysis + yfinance).
The pie move (your Freedom Engine, $113,392):
As built — 64.8/34.2/1.0 — this is the M1 pie sleeve reading: the live dollar split across the sleeves you actually built in M1, as of 2026-08-04. It is one of three labeling schemes on this page; the other two, and why they disagree, are reconciled below.
Bedrock 64.8% (~$73,478) · Cash Flow 34.2% (~$38,780) · Hedge 1.0% (~$1,134)
Target — 65/34/1:
The move: none needed. The sleeves you built sit at 64.8/34.2/1.0 against a target of 65/34/1 — inside half a point on every sleeve. Nothing to trim.
Three different methods label the same holdings, and they disagree. None of them is a typo. Every page here that prints a bucket percentage says which of these three it is using, and this table is generated from the one shared source those pages read (tools/lib_plex_schemes.py).
| Labeling scheme | Bedrock | Cash Flow | Hedge | Other | Whose opinion it is | As of |
|---|---|---|---|---|---|---|
| M1's own pie sleeves | 65.0% | 34.0% | 1.0% | — | The account owner (Joseph), as built in M1 | 2026-08-04 |
| Our per-holding classifier | 9.8% | 90.2% | 0.0% | — | This site — config/plex-ticker-config.json, then fund-name keywords | 2026-08-04 |
| Fynanc Analyzer engine | 11.8% | 84.2% | 0.8% | 3.2% | Fynanc (third party) — toolbox.fynanc.com Portfolio Analyzer | 2026-08-04 |
M1's own pie sleeves: What Joseph actually told M1 to build. Percentages are the live slice targets and the live dollar split — never the hand-typed slice names, which go stale the moment a target changes. Source: data/m1-holdings-live.json, as of 2026-08-04.
Our per-holding classifier: Re-decides every holding on its own merits and ignores which sleeve it sits in. The Academy config tiers business development companies (BDCs) as cash flow, which is why it disagrees with the pie. Source: data/plex-review/compare-all.json, as of 2026-08-04.
Fynanc Analyzer engine: A third party’s engine reading the same 17 holdings at the same weights. It has a fourth bucket, Other, and its optimizer prints a Cash-Flow target of 20% rather than the Academy’s 34% — so its “target” column is its own, not the Academy’s. Source: data/plex-flow/portfolio-analyzer-snapshot.json, as of 2026-08-04.
The one thing that is NOT a disagreement: a low number in the classifier rows is not evidence the account drifted off target. Measured against the sleeves the owner actually built, the account is within a fraction of a point of its stated Bedrock target. Which labeling scheme should govern is a methodology decision and it is the owner’s to make — this site presents all three rather than picking one silently.
Weights are the live M1 pie weights. As of: allocations 2026-08-04 · market metrics 2026-08-04 (full) · Fynanc engine 2026-08-04.
| Ticker | Name | Weight | Yield | M1 pie sleeve | Our classifier | Fynanc engine | Why our classifier said that |
|---|---|---|---|---|---|---|---|
| BXSL | Blackstone Secured Lending Fund of Beneficial Interest | 13.00% | 13.33% | Bedrock | Cash Flow (fallback, not a rule) | Cash Flow | no config tier and no name/type keyword matched — fell through to the cash-flow default |
| BIZD | VanEck Vectors BDC Income ETF | 13.00% | 13.59% | Bedrock | Cash Flow | Cash Flow | config/plex-ticker-config.json tier=cash_flow |
| PBDC | Putnam BDC Income ETF | 9.75% | 11.55% | Bedrock | Cash Flow | Cash Flow | config/plex-ticker-config.json tier=cash_flow |
| ARCC | Ares Capital Corporation | 9.75% | 10.23% | Bedrock | Cash Flow | Cash Flow | config/plex-ticker-config.json tier=cash_flow |
| GBDC | Golub Capital BDC Inc. | 9.75% | 11.22% | Bedrock | Cash Flow | Cash Flow | name/type contains 'bdc' |
| SPYI | NEOS S&P 500 High Income ETF | 8.50% | source data suspect — 146.00% reported | Cash Flow | Cash Flow (fallback, not a rule) | Bedrock | no config tier and no name/type keyword matched — fell through to the cash-flow default |
| QQQI | NEOS Nasdaq 100 High Income ETF | 8.50% | 9.00% | Cash Flow | Cash Flow (fallback, not a rule) | Cash Flow | no config tier and no name/type keyword matched — fell through to the cash-flow default |
| JEPQ | JPMorgan Nasdaq Equity Premium Income ETF | 8.50% | 9.95% | Cash Flow | Cash Flow | Cash Flow | name/type contains 'equity premium' |
| PDI | PIMCO Dynamic Income Fund | 5.10% | 16.54% | Cash Flow | Cash Flow (fallback, not a rule) | Cash Flow | no config tier and no name/type keyword matched — fell through to the cash-flow default |
| JEPI | JPMorgan Equity Premium Income ETF | 3.40% | 8.11% | Cash Flow | Cash Flow | Cash Flow | config/plex-ticker-config.json tier=cash_flow |
| SRLN | SPDR Blackstone / GSO Senior Loan ETF | 3.25% | 7.50% | Bedrock | Bedrock | Bedrock | name/type contains 'senior loan' |
| JAAA | Janus Henderson AAA CLO ETF | 3.25% | 5.40% | Bedrock | Bedrock | Other | config/plex-ticker-config.json tier=bedrock |
| BKLN | Invesco Senior Loan ETF | 3.25% | 6.59% | Bedrock | Bedrock | Cash Flow | config/plex-ticker-config.json tier=bedrock |
| SH | ProShares Short S&P500 | 0.25% | 4.21% | Hedge | Cash Flow (fallback, not a rule) | Hedge | no config tier and no name/type keyword matched — fell through to the cash-flow default |
| PSQ | ProShares Short QQQ | 0.25% | 4.56% | Hedge | Cash Flow (fallback, not a rule) | Hedge | no config tier and no name/type keyword matched — fell through to the cash-flow default |
| TAIL | Cambria Tail Risk ETF | 0.25% | 2.93% | Hedge | Cash Flow (fallback, not a rule) | Hedge | no config tier and no name/type keyword matched — fell through to the cash-flow default |
| BITO | ProShares Bitcoin ETF | 0.25% | source data suspect — 75.49% reported | Hedge | Cash Flow (fallback, not a rule) | Cash Flow | no config tier and no name/type keyword matched — fell through to the cash-flow default |
Shaded rows are where the three schemes do not agree. “Fallback, not a rule” means our classifier found no config tier and no matching fund-name keyword, so the holding landed in the cash-flow default — an absence of evidence, not a determination.
Source data suspect: SPYI, BITO came back from the market-data source above the 50% believability cap. Those figures are excluded from every weighted-yield number on this site and are shown here only so the bad reading is visible rather than silently dropped. Do not treat them as the real distribution rate.
Two rules, plainly:
Your dashboard example (Income / Amplifier account): performance 1.19%, dividend yield 14.44%, margin rate 5.15%. Through the rules:
Live spread calculator. Runs entirely in your browser — nothing is sent anywhere. Enter an account's numbers and hit Check. Pre-filled with the example above.
DSCR = monthly dividend income ÷ monthly interest charged. It answers one question: do the dividends your holdings throw off actually cover the interest on the money you borrowed? The Academy guardrail for a Plex is DSCR ≥ 2.0 — dividends should be at least twice the interest bill.
Where the two numbers live in M1: dividends from your holdings → Dividends; interest from your margin loan → Statements (both monthly).
Auto-pulled from your live M1 account (as of 2026-08-04) — the rows below are your REAL monthly dividends and margin interest. Trailing DSCR average: 12.83 vs the 2.0 line. The current month is in-progress (interest is accrued-to-date, so it will keep changing). Add a month by hand below to test a what-if.
| Month | Dividends | Interest | DSCR |
|---|
These are the Academy's other quality checks — the ones that aren't showing on your current view but should be. The "Your value" column is auto-filled from Fynanc's own Portfolio Analyzer (toolbox.fynanc.com/portfolio-analyzer) — compare each to the Academy line. Rows the analyzer doesn't return keep a "—" with where to read it.
| Characteristic | Academy guardrail | Why it matters | Your value |
|---|---|---|---|
| Volatility (Standard deviation) | < 10 (real estate ~5-6%, S&P ~20%) | How bumpy the holding is; bedrock wants low. | 13.04% |
| Max drawdown | ≤ 15% over 3 years | Worst historical drop; a fast >15% one-day drop is a red flag. | 6.19% |
| S&P correlation | ≤ 0.04 (lower better) | Holdings that don't move with the S&P 500. | 0.78 |
| Sector count | ≥ 3 (prefer 5) | Diversification across sectors. | 2 |
| Analyzer score | ≥ 6 (7+ = strong) | Overall portfolio health score. | 5.7 / 10 |
| IMR (weighted maintenance req.) | ≤ 30% (≤ 35% averaged) | Portfolio-wide margin-call risk; lower = borrow more safely. | — read from your M1 account |
| Reinvestment rate | ≥ 20% (~100% in growth phase) | Income reinvested for compounding. | — set in M1 |
| Bedrock target yield | ≥ 8% | Income rate for bedrock candidates. | — per-ticker in Step 2 |
Source of the "Your value" numbers: Fynanc PLEX Portfolio Analyzer (toolbox.fynanc.com/portfolio-analyzer, api/PortfolioAnalysis, public POST) · Fynanc Analyzer — Joseph's full-account approximation, as of 2026-08-04. Grounded on ticker-mentions.json (real held tickers: AAPL, JAAA, JBBB, PBDC, CLOA, QQQI, SCHG) + joseph-m1-inputs.json account weights (AAPL 36.7% single stock + PLEX pie 60.5% + amplifier). NOT exact live per-ticker M1 weights (M1 holdings pull returned no per-ticker breakdown), so weights inside the pie are apportioned to the PLEX target, not measured. The correlation (0.71) reads high because this pie includes your AAPL single-stock sleeve — inside the pure bedrock/cash-flow ETF sleeve it's far lower. Rerun the analyzer on your exact M1 pie for your live figures.
Definitions + how these changed over time → /fynanc-academy-glossary/
George's rule: your bedrock shifts with where you think the market is headed. If you think it's going up, you add growth (appreciation). If you think it'll stay flat or go down, you shift toward income (dividends → better total return).
"Bedrock is about creating stability and having directionally where things are going... if you think it's gonna go up, you put more growth (SCHG and VGT). And if the market's gonna stay flat or go down, then there is no growth — you shift over to income producing... more dividends... better total return."
— George, 07-15 PLEX Community Call @ 1:36:24
In one line: UP → GROWTH (SCHG, VGT) | FLAT/DOWN → INCOME (keep QQQI).
Pick your outlook — the table below switches to match:
| Ticker (M1) | Name | Category | Yield | Sustainability | Why add | Supporting |
|---|---|---|---|---|---|---|
| JEPQ | JPMorgan Nasdaq Equity Premium Income ETF | Covered-call / equity premium income (Nasdaq-100) | 10.68% | GOOD — GOOD for the category | Dividends → better total return when the market's flat or down. | SA M1 Yahoo Schwab RH |
| JEPI | JPMorgan Equity Premium Income ETF | Covered-call / equity premium income (S&P 500) | 8.04% | GOOD — GOOD/covered for the category | Dividends → better total return when the market's flat or down. | SA M1 Yahoo Schwab RH |
| SPYI | NEOS S&P 500 High Income ETF | Covered-call / options income (S&P 500), tax-efficient | 11.81% | CAUTION — CAUTION on optics: ~98% of distributions classified as RETURN OF CAPITAL and 30-day SEC yield ~0 | Dividends → better total return when the market's flat or down. | SA M1 Yahoo Schwab RH |
| QQQI George keeps | NEOS Nasdaq-100 High Income ETF | Covered-call / options income (Nasdaq-100), tax-efficient | 14.03% | CAUTION — CAUTION on optics: ~100% of recent distributions classified as RETURN OF CAPITAL, 30-day SEC yield ~0 | Dividends → better total return when the market's flat or down. | SA M1 Yahoo Schwab RH |
| PDI | PIMCO Dynamic Income Fund | Multi-sector taxable bond CLOSED-END FUND (CEF, leveraged) | 15.79% | CAUTION — CAUTION | Dividends → better total return when the market's flat or down. | SA M1 Yahoo Schwab RH |
High-distribution income; dividends carry total return when prices aren't rising. George keeps QQQI regardless.
We scanned all 11 PLEX community-call transcripts for the 42-ticker universe. Only 3 of those calls actually named a specific ticker (the rest cover margin/system mechanics, not securities); 13 provable mentions below, each backed by a transcript quote (hover a row) and deep-linked to the exact call. Sorted by type (Growth, Income, Bedrock, Other). Yield / Expense / M1-maintenance are joined from the pick shortlists where available.
| Ticker (M1) | Type | Call | When | Yield | Expense | M1 maint | Why |
|---|---|---|---|---|---|---|---|
| SCHG | GROWTH | 2026-07-15 — PLEX Portfolio | 1:36:24 | 0.38% | 0.04% | 25% — real (M1) | George's GROWTH pick in his own bedrock — buys it when he has a feeling the market is going UP (Schwab U.S. Large-Cap Growth ETF) |
| SCHG | GROWTH | 2026-07-15 — PLEX Portfolio | 1:37:41 | 0.38% | 0.04% | 25% — real (M1) | Reiterated as his liked GROWTH holding — 'I like SCHG, it has growth' — kept for appreciation while betting the market goes up |
| VGT | GROWTH | 2026-07-15 — PLEX Portfolio | 1:36:24 | 0.37% | 0.09% | 25% — real (M1) | George's second GROWTH pick alongside SCHG — held for growth/appreciation when he expects the market to rise (Vanguard Information Technology ETF) |
| QQQI | INCOME | 2026-07-15 — PLEX Portfolio | 1:37:41 | 14.03% | 0.68% | 25% — real (M1) | George's INCOME pick he ALWAYS keeps regardless — the income producer he shifts toward when the market is flat/down for better total return (NEOS Nasdaq-100 High Income ETF) |
| HYT * | BEDROCK | 2025-04-16 — Bedrock Debt Based Candidates | 44:50 | — | — | — | A ~10% distribution debt-based fund on the bedrock candidate sheet, cited for its low ~5.75% standard deviation (close to real estate) and good maintenance requirement |
| JAAA * | BEDROCK | 2025-04-16 — Bedrock Debt Based Candidates | 26:40 | 4.95% | 0.2% | 25% — real (M1) | George's canonical AAA-rated CLO example (Janus Henderson AAA CLO ETF) — safest tranche, first position, lower yield (~6.14%), the stable bedrock debt-based candidate |
| JAAA * | BEDROCK | 2025-04-16 — Bedrock Debt Based Candidates | 29:40 | 4.95% | 0.2% | 25% — real (M1) | Homework: told the class to open a browser and 'type J AAA ticker' to look up its yield vs JBBB — teaching how to research a bedrock CLO fund |
| JBBB * | BEDROCK | 2025-04-16 — Bedrock Debt Based Candidates | 26:40 | 6.46% | 0.47% | Not marginable — M1 shows 100% maintenance | BBB-rated CLO counterpart to JAAA — second position, higher yield (~7.6-7.96%), backed by same senior loans; higher-yield bedrock example |
| PBDC | BEDROCK | 2025-04-16 — Bedrock Debt Based Candidates | 42:07 | 11.15% | 0.75% | 30% — real (M1) | BDC fund used to show how maintenance requirements differ wildly across M1, Robinhood, Schwab, Fidelity — a bedrock debt-based (BDC) candidate on the sheet |
| BBDC | BEDROCK | 2025-06-25 — Fynanc Toolbox | 6:42 | — | — | — | BDC bedrock example Dan filled in: pays quarterly, 11.9% distribution, 0.33 correlation to S&P 500 (very low), 15.65 std dev (flagged as too volatile) |
| CLOA * | BEDROCK | 2025-06-25 — Fynanc Toolbox | 7:39 | 4.9% | 0.2% | n/a — not on M1 | CLO bedrock example with excellent metrics — 8.22% distribution with 1.63 standard deviation (very low volatility), an ideal stable debt-based candidate |
| SPY | OTHER | 2025-04-16 — Bedrock Debt Based Candidates | 48:02 | — | — | — | Used as the S&P 500 benchmark in Portfolio Visualizer to measure the correlation of the debt-based bedrock ETFs against the broad market |
| MSFT | OTHER | 2025-06-25 — Fynanc Toolbox | 50:24 | — | — | — | Entered only as a demo input into the portfolio-analyzer tool to show the 'researching / not in cache' behavior — NOT a recommendation |
* = the ticker was spoken phonetically / abbreviated in the transcript (e.g. "J AAA", "JBB", "cloa"); we matched it to the symbol but flag it for you to verify against the recording. Hover any row to read the exact transcript quote it's drawn from.
Run this each period. It combines Step 1 (is there headroom to my guardrail?) and Step 3 (is the spread positive with no NAV erosion?):
Right now: Step 1 shows ~0.1 points of headroom to your 30% guardrail, but the Step 3 example is eroding NAV. So the honest answer today is: the room exists, but tighten income quality before using it. This is the check to re-run every period.
Your question: “How do we maximize income and maintain stable growth over time?”
The optimizer’s answer is to cut income (weighted yield 10.8% → 9.2%) to buy a smoother ride. That is one lever — but it trades away the very thing that services your leverage. The Academy doctrine: income services the debt; the collateral just has to stay stable enough to avoid a margin call. So the sharper lever is Income Cushion = yield − |worst-case drawdown| — keep the income, and lower the drawdown by swapping your weakest-cushion holdings for the strongest-cushion ones. Below is that analysis, straight from your real holdings and the screened candidate pool.
This is data analysis, not advice. It ranks your holdings and candidates by a single relationship metric plus the Academy’s collateral guardrails. It is a model, not a guarantee and not a recommendation to buy or sell anything — every figure is pulled from your live holdings and the ETF screen (flagged if missing, never guessed). The call is yours.
Cushion = yield − |max drawdown|. A positive cushion means a year of income more than covers a worst-case drop; a negative one means the drawdown outruns the yield — a drag on stable collateral. The pure hedges (SH / PSQ / TAIL / BITO) are income bleeders by design — keep them tiny.
| Holding | Weight | Yield | Max DD | Cushion | Verdict |
|---|---|---|---|---|---|
| BXSL | 13.00% | 12.7% | -24.2% | −11.5pp | Drag |
| BIZD | 13.00% | 11.8% | -22.6% | −10.8pp | Drag |
| JEPQ | 8.50% | 10.7% | -20.1% | −9.4pp | Drag |
| PBDC | 9.75% | 11.2% | -20.5% | −9.3pp | Drag |
| ARCC | 9.75% | 10.0% | -19.3% | −9.3pp | Drag |
| GBDC | 9.75% | 9.8% | -18.2% | −8.4pp | Drag |
| QQQI | 8.50% | 14.0% | -20.0% | −6.0pp | Watch |
| JEPI | 3.40% | 8.0% | -13.3% | −5.3pp | Watch |
| SPYI | 8.50% | 11.8% | -16.5% | −4.7pp | Watch |
| PDI | 5.10% | 15.8% | -17.5% | −1.7pp | Watch |
| BKLN | 3.25% | 6.6% | -3.5% | +3.1pp | Core-keep |
| SRLN | 3.25% | 7.4% | -4.3% | +3.1pp | Core-keep |
| JAAA | 3.25% | 5.0% | -1.5% | +3.5pp | Core-keep |
| SH | 0.25% | 4.3% | n/a | — | Hedge |
| PSQ | 0.25% | 4.3% | n/a | — | Hedge |
| TAIL | 0.25% | 3.0% | n/a | — | Hedge |
| BITO | 0.25% | 47.1% | n/a | — | Hedge |
From the 194-name screened pool, the names with the best income cushion that also make stable PLEX collateral — marginable, low M1 maintenance (≤30%), and a shallow drawdown (≤12%). LQDW is the standout: roughly 12% yield at a ~7% drawdown — high income that still holds its value. These are the swap targets for your low-cushion drags.
| Candidate | Yield | Max DD | Cushion | Maint | Why it fits |
|---|---|---|---|---|---|
| OMAH | 14.9% | -11.8% | +3.1pp | 25% | high income and shallow drawdown |
| FTF | 12.9% | -11.6% | +1.3pp | 25% | high income and shallow drawdown |
| LQDW | 12.3% | -5.7% | +6.6pp | 25% | high income and shallow drawdown |
| HYI | 11.0% | -8.2% | +2.8pp | 25% | high income and shallow drawdown |
| BTZ | 10.1% | -9.3% | +0.8pp | 25% | high income and shallow drawdown |
| DBL | 9.4% | -5.7% | +3.7pp | 25% | high income and shallow drawdown |
| WIW | 9.1% | -8.2% | +0.9pp | 25% | high income and shallow drawdown |
| EVG | 8.4% | -8.2% | +0.2pp | 25% | high income and shallow drawdown |
Filtered for collateral quality, then ranked by yield. A high-yield name with a deep drawdown (e.g. single-stock option-income ETFs at 50%+ yield but 40–70% drawdowns and 60–75% maintenance) is excluded — it looks like income but wrecks the collateral. Source: data/plex-flow/etf-universe-screen.json → candidates[].
| Portfolio | Blended yield | Blended max DD | Income /yr | What it does |
|---|---|---|---|---|
| Current (today) | 10.8% | 6.2% | $12,296 | your book as it stands |
| Engine’s optimized | 9.2% | 5.0% | $10,384 | cuts income to buy stability |
| Income-cushion tilt | 10.7% | 5.3% | $12,173 | keeps income, lowers drawdown |
DSCR guardrail (≥ 2.0): current ∼12.8 → tilt ∼12.7 — the dividends still cover the interest ≫ the 2.0 floor. Plenty of coverage; the leverage stays safe.
✓ The tilt beats the engine on income (10.7% vs 9.2%) at similar stability (5.3% vs 5.0% drawdown) — about $1,789/yr more income than the engine’s move. That is the whole point: you don’t have to give up income to get a smoother ride.
The concrete move (net-zero to the pie):
Weights move point-for-point so the pie still sums to 100%. This is one modeled tilt among many — the sizes are illustrative, chosen to hold yield near today’s while pulling drawdown toward the engine’s. Your call on the exact sizes.
Read this as analysis, not advice. Every yield and drawdown here is pulled from your live Freedom-Engine holdings and the ETF universe screen (flagged, never guessed, when a figure is missing). Max-drawdown is historical and does not bound future losses; the diversification factor is estimated from your current book and will drift. This is a model of a trade-off — not a guarantee, and not a recommendation to buy or sell any security. Recomputed every run so it always reflects the latest data. The decision is entirely yours.
Every figure below is computed live from this run’s analyzer snapshot (and the live M1 DSCR file). DIRECT = straight engine output; DERIVED = we compute it (income $ and DSCR scale with the engine’s yield; margin held). Audit each line.
| Type | Measure | Formula → live values | Result |
|---|---|---|---|
| DERIVED | Annual income | income = weighted yield × FE value Current: 10.8% × $113,392 → $12,296/yr Projected: 9.2% × $113,392 → $10,384/yr | $12,296 → $10,384/yr (Δ −$1,912/yr) |
| DERIVED | DSCR (estimate) | projected DSCR = current DSCR × (projected yield ÷ current yield) 12.83 × (9.2% ÷ 10.8%) → ∼10.83 (estimate — income scales with yield; margin held) — still ≫ 2.0 guardrail | ∼12.83 → ∼10.83 |
| DIRECT | Engine overall score | optimizedScore.overallScore (engine output) | 5.74 → 7.90 |
| DIRECT | Volatility (std dev) | optimizedScore.volatility (engine output) | 13.0% → 10.5% |
| DIRECT | Max-drawdown potential | optimizedScore.maxDrawdownPotential (engine output) | 6.2% → 5.0% |
| DIRECT | Diversification score | optimizedScore.diversification (engine output) | 0.34 → 0.45 |
| DIRECT | Category allocation | currentCategoryAllocation → optimizedCategoryAllocation (engine output) | Cashflow 84.2% → 20.0% (−64.2pp) Bedrock 11.8% → 65.0% (+53.2pp) Other 3.2% → 14.6% (+11.3pp) |
Your Progress Over Time table below looks backward at where you have been. This section looks forward: if you shift your pie toward the analyzer’s recommended allocation, here is what the engine projects will happen — every number below is the analyzer’s own optimized-pie output computed on your real Freedom Engine holdings.
The recommended move: Cashflow 84.2% → 20.0% (−64.2pp); Bedrock 11.8% → 65.0% (+53.2pp); Other 3.2% → 14.6% (+11.3pp).
Expected outcome — today vs the optimized pie. Current is your account as it stands now; Projected is the analyzer’s optimized allocation. Green move = an improvement for that measure.
| Measure | Current | Projected (optimized pie) | Move |
|---|---|---|---|
| Overall Fynanc score (0–10) | 5.74 | 7.90 | ↑ |
| Weighted yield | 10.8% | 9.2% | ↓ |
| Volatility (std dev) | 13.0% | 10.5% | ↓ |
| Max-drawdown potential | 6.2% | 5.0% | ↓ |
| Diversification score (0–1) | 0.34 | 0.45 | ↑ |
| Holdings | 17 | 21 | ↑ |
| Sectors covered | 2 | 5 | ↑ |
What it means:
Read this before you act on the numbers.
Every rerun snapshots your key numbers so you can see the direction of travel. Newest row is at the bottom. Source of truth: data/plex-flow/history/ (written by the plex-flow-review skill).
Reading the Alloc (B/C/H) column: rows dated before 2026-07-31 recorded M1’s hand-typed slice NAMES (“Bedrock (60%)”), which had gone stale against the real targets — that is why they read 60/39/1 for weeks while the account moved. From 2026-07-31 the column records the LIVE dollar split across the sleeves. Earlier rows are left exactly as they were captured; they are not rewritten.
| Date | Portfolio $ | DTA% | Util% | DSCR | Alloc (B/C/H) | Fynanc score | Picks |
|---|---|---|---|---|---|---|---|
| 2026-07-18 | — | 26.18% | 33.55% | 13.85 | 60/39/1 | 5.59 | 13 |
| 2026-07-20 | — | 26.35% | 31.61% | 13.85 | 60/39/1 | 5.59 | 13 |
| 2026-07-21 | — | 26.13% | 31.56% | 13.85 | 60/39/1 | 5.59 | 13 |
| 2026-07-24 | — | 26.61% | 31.6% | 13.85 | 60/39/1 | 5.59 | 13 |
| 2026-07-25 | $104,258 | 26.33% | 31.28% | 13.85 | 60/39/1 | 5.74 | 13 |
| 2026-07-28 | $104,663 | 26.19% | 24.7% | 13.85 | 61.02/37.94/1.04 | 5.74 | 13 |
| 2026-07-29 | $104,408 | 26.26% | 24.72% | 13.85 | 60/39/1 | 5.74 | 13 |
| 2026-07-31 | $111,233 | 30.74% | 30.09% | 13.85 | 64.8/34.2/1 | 5.74 | 13 |
Every finance term used on this page, in one plain sentence each. Hover or click any underlined header above to jump here. Source of truth: the shared Fynanc glossary (data/fynanc-glossary.json).