Portfolio Read & Learning Tool — Jose Romero

Source: Fynanc Academy PLEX strategy (George Antone). Principle: stability first — Bedrock is the base, the yield engine sits on top, the hedge is a tiny asymmetric insurance sleeve.

This portfolio came pre-bucketed, so §2 doubles as a scorecard: Filed as vs what the PLEX criteria say. ⚠️ marks a disagreement.

Buckets assigned by fund type/strategy against the PLEX criteria above.

As built:

Bedrock 50.7% (8) · Cash Flow 45.4% (10) · Hedge 3.8% (3)

PLEX target:

Bedrock 65% · Cash Flow 34% · Hedge 1%

• Correlation to the S&P 500 — Bedrock wants low (its own clock, not the market's).
• Standard deviation — Bedrock wants low volatility (a senior-loan CEF qualifies; a CLO-equity or 0DTE option fund does not).
• Maintenance requirement — holdable without heavy margin cost.
• Distribution reliability & how much is return-of-capital — high ROC erodes NAV; it isn't real income.
• Yield is the LAST criterion — "a bonus, not the goal."

Source: Fynanc Academy — PLEX Community Call, "Bedrock Debt-Based Candidates v2.0" (Apr 16, 2025).

Same income objective, but stability-first and hedged (weights are within each bucket):

Bedrock — 65%

Cash Flow — 34%

Hedge — 1%

Model picks & actions per the Fynanc Academy PLEX tier model.

• Dollar amounts & position sizes — only target % weights.
• Cost basis & realized vs return-of-capital income — critical for these funds; needs fund-level data.
• Drawdown history & the investor's real experience.
• Cash, contributions, rebalancing, taxes.

Treat the bucketing as a structural read (what jobs the holdings do), not a statement about returns. No login was requested or needed.

This is the live, code-computed answer to the questions Amir's group asks: what is the real blended yield, how deep does it draw down versus the S&P 500, and how much of the "income" is actually return-of-capital? Every number below comes from code (yfinance total-return + distribution data), not estimates. Computed 2026-06-11T10:50:00.120326+00:00.

1 · Weighted yield. Headline 15.0% (sanity-capped)  ·  raw uncapped 19.05%  ·  coverage 100.0% (21/21 holdings priced). The raw figure includes data-feed outliers (QQQI (57.0%), NVDY (62.38%), PLTY (99.24%)) that breach the 50.0% sanity cap; the headline figure caps those, so it is the honest one to quote.

2 · Drawdown vs the S&P 500 (total-return, window 2023-06-12 → 2026-06-10; benchmark SPY).

Honest caveat: 4 holding(s) have less than the full window of price history (PLTY, QDTE, QQQI, YMAG); the engine renormalizes weights daily so each ticker only counts from its own start date — no fabricated history. Coverage 21/21, all priced.

3 · Income quality — how much is really earned vs return-of-capital? (total-return-coverage proxy; LIKELY-ROC = distribution rate exceeds 1y total return by >3pp. Coverage 100.0%.)

Earned 50.3%  ·  Mixed 5.8%  ·  Likely-ROC 43.8%  (by portfolio weight)

Riskiest high-yield holdings (payout outran earnings — NAV-erosion signal):

Sources: yield from the weighted-yield engine (yfinance distributions, sanity-capped); drawdown/vol/Sharpe/beta from total-return price history vs SPY over the shared 3-year window; income-quality from the distribution-sustainability (ROC) engine. This is a total-return-coverage proxy for ROC, not a read of each fund's official 19(a) notice. Honest by construction: short-history and data-feed outliers are disclosed above, not hidden.

Sources (Fynanc Academy): PLEX Community Call — "Bedrock Debt-Based Candidates v2.0" (Apr 16, 2025); PLEX tier model (Bedrock/Cash-Flow/Hedge targets & model picks, George Antone); "The Ultimate Hedge Against Inflation" (Sep 2024). Holdings read from the shared portfolio link.