| Ticker | Name | Value | Gain/Loss | % Return | Notes |
|---|---|---|---|---|---|
| NML | Neuberger Energy Infra | $3,916 | +$770 | +18.1% | MLP/Energy — best performer |
| UTG | Reaves Utility Income | $3,723 | +$599 | +11.9% | Utilities CEF — defensive |
| MPV | Barings Participation | $3,861 | +$486 | +6.8% | Senior secured loans |
| UTF | Cohen & Steers Infra | $3,751 | +$384 | +5.2% | Infrastructure — reliable |
| RLTY | Cohen & Steers RE | $3,267 | +$259 | +5.4% | Real estate income |
| Ticker | Name | Value | Loss | % Loss | Concern |
|---|---|---|---|---|---|
| XFLT | XAI Octagon Float Rate | $3,695 | -$2,053 | -35.7% | 100% margin req |
| FSK | FS KKR Capital Corp | $3,401 | -$1,776 | -34.3% | BDC underperformer |
| FSCO | FS Credit Opps | $3,086 | -$1,200 | -28.0% | Credit stress |
| PBDC | Putnam BDC Income | $4,008 | -$589 | -12.8% | BDC sector |
| BIZD | VanEck BDC Income | $3,992 | -$537 | -11.9% | BDC sector |
5 of 19 holdings are BDC-related (PBDC, BIZD, BBDC, FSK, FSCO) = ~$18.3K or 33% of portfolio. Target: reduce to ~15-20%. Fynanc coach guidance: "Don't just sell — reduce target percentage from 5% to 1%." Check if distribution is still being paid before selling.
| Account | Balance | Purpose | Status |
|---|---|---|---|
| M1 Epic23/Income Amplifier x9138 | $52,155 | BDC/CEF positions (active flips) | Active |
| M1 Income Amplifier/HYCA x8684 | $6,018 | Income collection (4.25% HYCA) | Active |
| HW EPIC LOC X1791 | -$13,037 | LOC drawn (11.5% rate, $25K limit) | 52% utilized |
| EPIC SHADOW-X6040 | $112 | Shadow loan tracking | Active |
| EPIC SWEEP-X6903 | $131 | Sweep account | Active |
| Net IRIS Position | $45,379 | Portfolio + HYCA + Shadow + Sweep - LOC | |
| Ticker | Dividend | Ticker | Dividend | Ticker | Dividend |
|---|---|---|---|---|---|
| XFLT | $53.88 | FSCO | $36.63 | BGX | $30.18 |
| NML | $22.07 | RLTY | $21.67 | UTF | $20.59 |
| UTG | $17.71 | VVR | $6.03 | BKLN | $2.56 |
| FTSL | $2.78 | FLRT | $3.32 | QQQY | $3.21 |
| Total Single-Day Distribution | ~$220+ | ||||
Fynanc methodology: BDC/CEF with predictable yield. IRIS = Income Replacement through Infinite Spreads. Asset Factory model (conveyor belt).
Draw from HW EPIC LOC X1791 ($25K limit). Transfer to HW DEBIT CHK X0211 → M1 Epic23/IA x9138. Track as $50(flip#).(stream#).
Position generates distributions. Income flows to M1 HYCA x8684 ($6,018). Monitor health via M1. Track in LOC Tracker Sheet.
Sell position at target or 90-day max hold. Return capital to HW EPIC LOC X1791 (pay down LOC). Net profit = yield - LOC interest.
75% of flip profit → Income Amplifier (compound). 25% → Capital Amplifier (PLEX). Established Feb 2, 2026.
LOC repaid, profit recorded, new flip initiated. Conveyor belt continues. Velocity = LOC payoff speed.
| # | Action | Impact | Effort |
|---|---|---|---|
| 1 | SELL QQQY (81% return of capital, NAV eroding) → BUY JEPI (8.1% real yield) | CRITICAL | Low |
| 2 | SELL XFLT (490% payout ratio, div cut) → BUY PDI (14.8%, PIMCO) | CRITICAL | Low |
| 3 | SELL FSK (81% NII coverage) → BUY ARCC (10%, best BDC) | HIGH | Low |
| 4 | Consolidate BDC: keep PBDC, sell BIZD (redundant, 10.92% expense) | Medium | Low |
| 5 | Restructure into Sub-Pies (Bedrock 30% / Income Engine 45% / Growth 20%) | HIGH | Medium |
| 6 | Grow senior loan positions (VVR, BKLN, FTSL, FLRT at ~$550 each) | Medium | Low |
| 7 | Tax-loss harvest XFLT/FSK/FSCO ($5,029 unrealized losses) if gains to offset | Medium | Low |