Eight Strategies, One Discipline. Positioned for What's Next.
Capital Wealth runs eight proprietary allocations across growth, income, and faith-based mandates — each reweighted against our daily macro research. The framework is consistent: lean into structural themes, hedge the tail, and never forget that every basis point of alpha is earned, not assumed. Below is where the book stands year-to-date.
Active Models
11
Growth · Income · Halal · Speculative · Tax-Aware
Best YTD
+24.3%
Tech & Quantum Speculative
Book Avg YTD
+14.5%
Weighted across models
Last Reweight
June 8
Daily Rebalance
Themes Tracking
7 / 8
7 firing · 1 caution(
01A — Live Performance
Rate of return, live from every holding.
Every number on every card is computed each morning from Yahoo Finance closes across the full model — at today's target weights. Nothing hard-coded. Pick any range, see where the book stands, compare against the S&P 500, see the biggest contributors and detractors, and pull a Morningstar-style fact sheet for any model.
Showing prior-close YTDs from yesterday's Yahoo bake. Click to pull live during market hours.
Data as of — · S&P 500 benchmark · —
Sort strip by:
Hypothetical. Returns apply today's target weights to historical split- and dividend-adjusted closing prices. Total return basis (price change plus reinvested dividends), gross of advisory fees and trading costs. Not actual client-account returns. Past performance does not guarantee future results. Capital Wealth rebalances weekly — holdings change.
01 — The Strategies
Eight allocations, one playbook.
Each strategy is built to a specific mandate — concentrated growth, broad diversification, income, or Sharia-compliance — and tuned to current research. Year-to-date performance reflects all rebalances through June 8, 2026 — YTDs computed from Yahoo Finance daily total returns. Holdings are disclosed privately to clients; prospective investors can request a full model brief.
Growth · Concentrated
Capital Wealth Aggressive Growth · $50K · Tactical
Starting at $50,000
+19.5%
Year-to-Date
+0.4%
1-Month
Our highest-conviction book. Focused bets on energy, defense, AI infrastructure, and financials — the themes the Journal confirmed every week of Q1. Built for clients who want the full Capital Wealth thesis expressed without dilution.
GrowthHigh Conviction
Growth · Balanced
Capital Wealth Aggressive Growth · $100K · Tactical
Starting at $100,000
+18.7%
Year-to-Date
+1.6%
1-Month
Balanced growth. Core thematic positions paired with satellite exposure to AI data infrastructure and cybersecurity. Designed to compound without the volatility of a concentrated book.
Growth
Growth · Broad
Capital Wealth Aggressive Growth · $250K · Tactical
Starting at $250,000
+19.3%
Year-to-Date
+0.9%
1-Month
Every theme represented. Broad sector exposure across the full Capital Wealth research universe — defense, energy, AI, data center power, financials, gold. Built for clients who want the whole thesis expressed.
Growth
Growth · Diversified
Capital Wealth Aggressive Growth · $500K · Tactical
Starting at $500,000
+18.7%
Year-to-Date
+0.8%
1-Month
Full spectrum. Maximum diversification across every theme with earnings-driven satellite positions. For larger balances seeking thematic exposure with institutional-grade dispersion.
Growth
Income · Conservative
Capital Wealth Dividend Income · Yield Focus
Starting at $40,000
+9.8%
Year-to-Date
-0.4%
1-Month
Income-first. Anchored by energy dividend majors and integrated oils, paired with a small Mag 7 growth sleeve. Designed to pay cash monthly without sacrificing upside when markets run.
Income
Income · Moderate
Capital Wealth Dividend Income · Balanced
Starting at $100,000
+9.9%
Year-to-Date
0.0%
1-Month
Balanced income. Dividend anchors paired with quality growth and financials. Built for clients who want cash flow but also expect the portfolio to keep pace when the broad market is working.
Income
Income · Growth
Capital Wealth Dividend Income · High Yield
Starting at $100,000
+12.7%
Year-to-Date
+0.1%
1-Month
High yield with growth overlay. Cybersecurity and data infrastructure added to a dividend spine. Targets a yield premium over the benchmark while keeping pace with the growth engine of the book.
Income
Faith-Based · Halal
Capital Wealth Halal · Diversified · Sharia-Compliant
Starting at $50,000
+18.4%
Year-to-Date
-0.3%
1-Month
Sharia-compliant. Screened to exclude interest-bearing financials, alcohol, and conventional insurance. Balanced across every Capital Wealth theme that passes — ethical investing without performance compromise.
Halal
Speculative · Asymmetric
Capital Wealth Tech & Quantum · Speculative
Sleeve sizing · 5–15% of household
+17.9%
Year-to-Date
+2.8%
1-Month
The moonshot sleeve. 28 positions across quantum computing pure-plays (IONQ, RGTI, QBTS, QUBT), AI infrastructure leaders (NVDA, PLTR, AVGO), AI-power buildout (VST, CEG, GEV, VRT), counter-drone + space (AVAV, RKLB), rare earth (MP), and the Mag7. Sized small per name because outcomes range 10x to zero. Pairs with the core book — never replaces it.
SpeculativeRoth IRA Recommended
Specialty · Tax-Aware
Capital Wealth Tax-Efficient · Diversified · Taxable
For taxable brokerage accounts
+9.7%
Year-to-Date
+4.0%
1-Month
20-position taxable-account model built for low turnover, qualified-dividend treatment, and tax-loss-harvesting flexibility. Pairs with the wash-sale tracker so every harvest stays IRS-compliant. CA-resident variant uses CMF for double-tax-free muni interest. Excludes REITs and MLPs (those go in the IRA sleeve).
Tax-OptimizedWash-Rule Aware
Income · Balanced
Capital Wealth Dividend Income · 5% Yield Focus
Starting at $250,000
+8.8%
Year-to-Date
+3.4%
1-Month
25-position book targeting a ~5.05% blended yield. Half quality dividend core (SCHD/VYM/DGRO + JNJ/PG/KO/PEP/ABBV/MRK) and half higher-yield income (MLPs, REITs, BDCs, JEPI covered call). On $500K invested: ~$25,250/year. Distribution cadence engineered to pay almost every week of the year.
Income5% Yield Target
02 — What The Book Is Positioned For
Seven themes. All tracking.
These are the structural positions every model carries in some form — sized by mandate, but shared in thesis. Each one traces back to the Journal's front page and our daily research. None of them are trades; all of them are where capital wants to go over the next two years.
🛢️
Energy — Structural, Not Tactical
The Iran blockade went global. WTI is $92.96 and Europe has roughly six weeks of jet fuel. The supply-risk premium is structural, not a spike. We stay overweight integrated majors and U.S. refiners; we own no airlines.
Overweight Working
🛡️
Defense — The $1.5T Budget Era
Steve Feinberg is selling the largest wartime budget in modern history to the primes with a private-equity carrot-and-stick. This is a multi-year industrial expansion, not a cycle. Core primes anchored; tier-2 drone and munitions names sized for asymmetry.
Multi-Year Tailwind
🤖
AI Infrastructure — The Trade That Rhymes With the Railroad
$600B of Big Tech capex in 2026. Utilities pledged $1.4 trillion in grid spend to power the data centers. TSMC just raised its AI revenue guide again. We own the full stack: compute, networking, data platforms, and the security that sits on top.
Secular Growth
🔐
Cybersecurity — Core, Not Satellite
The market is $248B growing to $700B+ by 2034. Nation-state attacks are accelerating, deepfake incidents are up 300%, and every AI deployment needs zero-trust protection. We elevated this sleeve to core in Q1 and are not trimming.
Recession-Resilient
💰
Financials — The Earnings Beat Everyone Missed
JPM, Goldman, Morgan Stanley, BofA — all four beat. Morgan Stanley just posted the first $20B revenue quarter in its history. Higher rates are structural, trading desks are printing, and the insurance cycle is still running hot. We went from neutral to overweight in March.
Earnings Tailwind
🥇
Gold — The Hedge That Is Making Money
Central banks bought 1,100 tonnes in 2025. Goldman targets $5,800, JPM $5,500, UBS $6,000. We hold 12% across the book — bullion ETFs plus a miner sleeve. Peace headlines move it ten bucks; that is noise, not signal.
Hold 12%
📱
Magnificent 7 — Benchmark, Not Theme
Every portfolio holds all seven. Not owning them is active risk. We size them to benchmark weight and let the satellite theses do the work. NASDAQ just printed an all-time high. The debate is over.
Benchmark Weight
⚛️
Quantum — The 2030 Lottery Ticket
A small speculative sleeve. Best-in-class hardware with real enterprise contracts. Sized tiny across tiers — this is asymmetric optionality on next-generation compute, not a core bet. Most clients don't notice it in the statement; that's intentional.
Small · Asymmetric
03 — What the Journal Is Telling Us
The tape is confirming the thesis.
We read the Wall Street Journal every morning before markets open. These are the front-page items that moved the book this week — each one mapped to a position we already owned.
Week of April 13–17, 2026 — Front-Page Confirmations
Every theme got a Journal-level catalyst
"Private Equity Meets the Pentagon"Feinberg tours contractors pitching the $1.5T defense budget with PE turnaround tactics. Defense thesis: confirmed.
"Trading Lifts Bank Earnings"Morgan Stanley prints first-ever $20B+ quarter. BofA, JPM, GS all beat. Financials thesis: confirmed.
"Utilities Set to Spend Big to Power AI"$1.4 trillion in grid spend over five years. Directly benefits the data-center sleeve.
"Iran Blockade Expands Globally"Shadow-fleet interdiction goes worldwide. WTI +$3.40 in a session. Energy overweight: working.
"In This War, Chokepoints Beat Tariffs"Physical leverage is durable in a way trade policy is not. Vindicates defense and energy.
"ASML Raises FY2026 Guidance"€36-40B on surging AI chip demand. Memory is 51% of mix. AI infra thesis: confirmed.
"Anthropic Picks CrowdStrike, Palo Alto"Project Glasswing names our two largest cyber positions. Cyber thesis: confirmed at the board level.
"Markets Keep Rising Despite War"S&P and NASDAQ fresh records through the noise. Proof the positioning is right.
Private Client Access
Want the full model, position by position?
Holdings, weights, entry levels, and rebalance triggers are shared privately with Capital Wealth clients. Book a 15-minute Q2 review and we will walk you through the model your portfolio is benchmarked to.
These are the exact positions, weights, and YTD contributions for each Capital Wealth model. Private-client access — use the passcode shared in your latest review.
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Capital Wealth Aggressive Growth · $50K · Tactical (Tier I-A)
Tactical conviction book — 27 positions sourced from daily market commentary. Built around current events: earnings surprises, geopolitical shifts, sector rotations, M&A news. Each name has a 2-sentence thesis you can articulate from this week's headlines. Position-count target 25–35 per CFP IN09's diversification sweet spot. Portal-synced via slug aggressive_50k_concentrated. Includes 4.5% bond sleeve (TIP/SGOV/IEF 1.5% each) per June 8 uniform rebalance. Methodology distinction: Tactical Conviction picks come from daily news; for fundamentals-driven companions see Tier I-B Fundamentals Core.
NEW May 19 — Dominion buyout creates East-Coast AI-power leader
30
AZN
AstraZeneca
0.50%
Pharma
+2.4%
+0.01%
NEW May 19 — Hypertension approval; pharma diversification
TOTAL
27 positions + cash
99.50%
CFP IN09 sweet spot — 25–30 names
Note on Tier I-A — Tactical Conviction: 27 equity names + 3 bond ETFs (TIP/SGOV/IEF 1.5% each = 4.5% uniform sleeve, June 8 rebalance) + 0.5% SGOV settlement buffer. Diversification benefit plateaus at 25–30 names per CFP IN09 / Statman; beyond that you pay friction for marginal risk reduction. Hold a separate liquidity reserve outside this model for drawdown cash needs.
Acceptable: Traditional IRA / 401(k) — tax-deferred with ordinary-income withdrawal
Avoid for high-bracket: Taxable brokerage — turnover at the 0.75% rebalance band creates short-term gains
Effective Theme Exposure
AI / Mag729.5%
AI Infrastructure11.5%
Quality / Financials15.0%
Defense8.0%
Power & Data-Center Infra7.5%
Energy10.5%
Real Assets / Gold3.0%
International (5 names: ASML, NVO, EWY, TSM, CPNG)14.0%
Cash buffer (SGOV settlement reserve)0.5%
Total99.5%
Capital Wealth Aggressive Growth · $100K · Tactical (Tier II-A)
Tactical conviction book — 27 positions sourced from daily market commentary. Built around current events: earnings surprises, geopolitical shifts, sector rotations, M&A news. Each name has a 2-sentence thesis you can articulate from this week's headlines. Position-count target 25–35 per CFP IN09's diversification sweet spot. Portal-synced via slug aggressive_100k_concentrated. Includes 4.5% bond sleeve (TIP/SGOV/IEF 1.5% each) per June 8 uniform rebalance. Methodology distinction: Tactical Conviction picks come from daily news; for fundamentals-driven companions see Tier II-B Fundamentals Core.
NEW May 19 — Dominion buyout creates East-Coast AI-power leader
30
AZN
AstraZeneca
0.50%
Pharma
+2.4%
+0.01%
NEW May 19 — Hypertension approval; pharma diversification
TOTAL
27 positions + cash
99.50%
CFP IN09 sweet spot — 25–30 names
Note on Tier II-A — Tactical Conviction ($100K): 27 equity names + 3 bond ETFs (TIP/SGOV/IEF 1.5% each = 4.5% uniform sleeve, June 8 rebalance) + 0.5% SGOV settlement buffer. Mirrors the Tier I-A roster and weights at the $100K AUM tier — same CFP IN09 / Statman sweet spot. Hold a separate liquidity reserve outside this model for drawdown cash needs.
Acceptable: Traditional IRA / 401(k) — tax-deferred with ordinary-income withdrawal
Avoid for high-bracket: Taxable brokerage — turnover at the 0.75% rebalance band creates short-term gains
Effective Theme Exposure
AI / Mag729.5%
AI Infrastructure11.5%
Quality / Financials15.0%
Defense8.0%
Power & Data-Center Infra7.5%
Energy10.5%
Real Assets / Gold3.0%
International (5 names: ASML, NVO, EWY, TSM, CPNG)14.0%
Cash buffer (SGOV settlement reserve)0.5%
Total99.5%
Capital Wealth Aggressive Growth · $250K · Tactical (Tier III-A)
Tactical conviction book — 30 positions sourced from daily market commentary. Built around current events: earnings surprises, geopolitical shifts, sector rotations, M&A news. Each name has a 2-sentence thesis you can articulate from this week's headlines. Position-count target 25–35 per CFP IN09's diversification sweet spot. Portal-synced via slug aggressive_250k_concentrated. Includes 4.5% bond sleeve (TIP/SGOV/IEF 1.5% each) per June 8 uniform rebalance. Methodology distinction: Tactical Conviction picks come from daily news; for fundamentals-driven companions see Tier III-B Fundamentals Core.
NEW May 19 — Dominion buyout creates East-Coast AI-power leader
33
AZN
AstraZeneca
0.50%
Pharma
+2.4%
+0.01%
NEW May 19 — Hypertension approval; pharma diversification
TOTAL
30 positions + cash
99.50%
CFP IN09 sweet spot — 25–30 names
Note on Tier III-A — Tactical Conviction ($250K): 30 equity names + 3 bond ETFs (TIP/SGOV/IEF 1.5% each = 4.5% uniform sleeve, June 8 rebalance) + 0.5% SGOV settlement buffer. Extends the Tier I-A roster with three sector-breadth adds (ANET, HCA, SLB) at the upper edge of the CFP IN09 concentrated sweet spot. Hold a separate liquidity reserve outside this model for drawdown cash needs.
Acceptable: Traditional IRA / 401(k) — tax-deferred with ordinary-income withdrawal
Avoid for high-bracket: Taxable brokerage — turnover at the 0.75% rebalance band creates short-term gains
Effective Theme Exposure
AI / Mag725.25%
AI Infrastructure (AVGO, ORCL, ANET, CRWD)13.00%
Quality / Financials13.50%
Defense7.25%
Power & Data-Center Infra6.75%
Healthcare (LLY, HCA)6.50%
Energy (XOM, CVX, LNG, SLB)12.00%
Real Assets / Gold2.75%
International (5 names: ASML, NVO, EWY, TSM, CPNG)14.00%
Cash buffer (SGOV settlement reserve)0.5%
Total99.5%
Capital Wealth Aggressive Growth · $500K · Tactical (Tier IV-A)
Tactical conviction book — 35 positions sourced from daily market commentary. Built around current events: earnings surprises, geopolitical shifts, sector rotations, M&A news. Each name has a 2-sentence thesis you can articulate from this week's headlines. Position-count target 25–35 per CFP IN09's diversification sweet spot. Portal-synced via slug aggressive_500k_concentrated. Includes 4.5% bond sleeve (TIP/SGOV/IEF 1.5% each) per June 8 uniform rebalance. Methodology distinction: Tactical Conviction picks come from daily news; for fundamentals-driven companions see Tier IV-B Fundamentals Core.
NEW May 19 — Dominion buyout creates East-Coast AI-power leader
38
AZN
AstraZeneca
0.50%
Pharma
+2.4%
+0.01%
NEW May 19 — Hypertension approval; pharma diversification
TOTAL
35 positions + cash
99.50%
CFP IN09 upper edge — 25–35 names
Note on Tier IV-A — Tactical Conviction ($500K): 35 equity names + 3 bond ETFs (TIP/SGOV/IEF 1.5% each = 4.5% uniform sleeve, June 8 rebalance) + 0.5% SGOV settlement buffer. Extends Tier III-A with five sector-breadth diversifiers (NEM, ABBV, DE, V, KO) at the upper edge of the CFP IN09 concentrated band. Hold a separate liquidity reserve outside this model for drawdown cash needs.
International (5 names: ASML, NVO, EWY, TSM, CPNG)11.75%
Cash buffer (SGOV settlement reserve)0.5%
Total99.5%
Capital Wealth Aggressive Growth · $50K · Fundamentals (Tier I-B)
Fundamentals core book — ~75 positions selected via CFP-grounded earnings, balance-sheet, and secular-thesis analysis. Tilts toward businesses with durable competitive moats, growing free cash flow, and conservative leverage. Slower-moving conviction than the Tactical book; positions held through news cycles unless fundamentals deteriorate. Portal-synced via slug aggressive_50k. Methodology distinction: Fundamentals Core picks come from earnings analysis; for daily-news tactical companions see Tier I-A Tactical Conviction.
Rev 1 May 12 — 0.5% liquidity buffer per CFP IN09 settlement / rebalancing reserve
+
TSM
Taiwan Semiconductor
3.05%
AI Semis
+34.4%
+1.05%
NEW May 14 — Benard/Feith op-ed; chokehold on AI supply chain
+
AMKR
Amkor Technology
1.83%
AI Semis
+69.8%
+1.28%
NEW May 14 — Advanced packaging buildout in AZ; bottleneck pure-play
+
SFTBY
SoftBank ADR
1.83%
AI / Tech
+24.7%
+0.45%
NEW May 14 — +$25B OpenAI mark-up Q1; cleanest public OpenAI exposure
+
BAC
Bank of America
1.83%
Bank
-6.8%
-0.12%
NEW May 14 — Hike-not-cut Fed; NIM expansion
+
ABNRY
ABN Amro ADR
1.22%
International / Bank
+30.1%
+0.30%
NEW May 14 — +8.75% Q1 beat; European bank rerate
+
NEM
Newmont
1.22%
Materials / Gold
+5.6%
+0.07%
NEW May 14 — Gold breakout to $4,697; politically-pressured Fed lights gold thesis
Note on Tier I — Concentrated: Tier I stays 100% equity by design — this is the highest-conviction concentrated tier. Diversification benefit is captured by 25-30 names per CFP IN09 / Statman; beyond that you pay friction for marginal risk reduction. Holding a separate liquidity reserve outside this model is the recommended way to handle drawdown cash needs.
Investment Policy Statement
Risk band: Tolerate -25% to -35% peak-to-trough; this is the highest-conviction tier
Time horizon: 10+ years before required withdrawals
Liquidity need: Low — concentrated growth book; pair with separate cash reserve outside the model
Return objective: S&P 500 + 3-4% annualized over 10 years
Rebalancing trigger: When any single sector deviates >5% from target, or any single stock crosses 5% cap
Excluded screens: None — open mandate. Custom values screens available on request
Capital Wealth Aggressive Growth · $250K · Fundamentals (Tier III-B)
Fundamentals core book — 54 positions selected via CFP-grounded earnings, balance-sheet, and secular-thesis analysis. Tilts toward businesses with durable competitive moats, growing free cash flow, and conservative leverage. Full-stack expression of all major themes (AI, defense, energy, healthcare, financials, power/infra), broadened international (20% — 8 individual ADRs/single-country ETFs plus satellites), and a 4.5% bond/cash sleeve (TIP + SGOV + IEF). Portal-synced via slug aggressive_250k. Methodology distinction: Fundamentals Core picks come from earnings analysis; for daily-news tactical companions see Tier III-A Tactical Conviction.
#
Ticker
Company
Weight
Sector
YTD %
Contrib
Notes
1
TPL
Texas Pacific Land
1.15%
Energy
+48.3%
+0.41%
2
XOM
ExxonMobil
1.19%
Energy
+27.1%
+0.36%
3
CVX
Chevron
1.19%
Energy
+26.4%
+0.29%
4
COP
ConocoPhillips
1.19%
Energy
+31.9%
+0.26%
5
LNG
Cheniere Energy
1.19%
Energy
+40.0%
+0.33%
9
EPD
Enterprise Products
1.19%
Energy
+26.5%
+0.32%
10
EOG
EOG Resources
1.19%
Energy
+36.4%
+0.43%
11
OXY
Occidental
1.19%
Energy
+42.7%
+0.51%
14
PLTR
Palantir
1.54%
Defense
-24.2%
-0.37%
17
LMT
Lockheed Martin
1.54%
Defense
+7.6%
+0.12%
18
HWM
Howmet Aerospace
1.54%
Defense
+25.8%
+0.40%
19
NOC
Northrop Grumman
1.54%
Defense
-3.6%
-0.06%
20
LHX
L3Harris
1.54%
Defense
+5.0%
+0.08%
21
GD
General Dynamics
1.54%
Defense
+1.0%
+0.01%
23
GE
GE Aerospace
1.54%
Defense
-3.6%
-0.06%
ADD 4/16 — Engines for Apaches, F-15s; $40B+ orderbook
Capital Wealth Aggressive Growth · $500K · Fundamentals (Tier IV-B)
Fundamentals core book — 68 positions selected via CFP-grounded earnings, balance-sheet, and secular-thesis analysis. Tilts toward businesses with durable competitive moats, growing free cash flow, and conservative leverage. Fullest expression: all themes, broadened international (23% — 8 individual ADRs/single-country ETFs plus Taiwan/EFA/Japan/Eurozone satellites), 4.5% bond/cash sleeve (TIP + SGOV + IEF). Position count consolidated from 120 per CFP IN09 best practice. Portal-synced via slug aggressive_500k. Methodology distinction: Fundamentals Core picks come from earnings analysis; for daily-news tactical companions see Tier IV-A Tactical Conviction.
Capital Wealth Halal · Diversified (Sharia-Compliant)
Sharia-compliant model — AAOIFI screen applied. No conventional banks, no conventional insurers, no interest-bearing debt securities, no riba-exposed financials. Diversified through HLAL (Wahed FTSE USA Shariah ETF). Single-stock cap 5% per CFP IN09. Defense sleeve sized per AAOIFI-permitted defense-equipment guidance — disclosed.
Thesis — Diversified high-conviction income book. 81 positions across dividend leaders, REITs, MLPs, and high-yield bonds. Built for clients prioritizing reliable income with measured equity participation. CFP IN09 sweet spot of 25–30 names is intentionally exceeded here because income diversification reduces single-issuer dividend-cut risk.
Investment Policy Statement
Risk band: Tolerate −15% peak-to-trough drawdown
Time horizon: 5+ years
Liquidity need: 4% income distributions; 0.5% SGOV buffer
Return objective: 5% income + 4% capital appreciation
Rebalancing trigger: ±0.5% deviation
Excluded screens: None — open mandate
Tax Location Guidance
Best fit: Roth IRA / Traditional IRA — shelters MLP / REIT ordinary income distributions
Acceptable: Taxable brokerage at the qualified-dividend rate (15-20%)
Avoid for high-bracket: High-tax-state taxable — MLPs and REITs throw off ordinary-income drag
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Passive diversified allocation. Low-cost Vanguard index funds matched to SB Election 1 lineup. For clients prioritizing fee minimization and broad-market exposure within the 403(b) wrapper.
Investment Policy Statement
Risk band: Matches the selected target-date allocation
Time horizon: Matches retirement date
Liquidity need: 403(b) plan rules govern
Return objective: Match benchmark index minus 8 bps fee drag
Rebalancing trigger: Annual auto-rebalance via plan
Excluded screens: Limited to Vanguard SB1 fund universe
Tax Location Guidance
Best fit: Pre-tax 403(b)
Acceptable: Roth 403(b) for high-tax-bracket savers
Not applicable outside 403(b): SB1 fund universe only available inside the plan
Effective Theme Exposure
US Large-Cap (VFIAX core)10.4%
US Small/Mid-Cap (VSMAX / VEXAX)3.6%
International Equity (VTIAX)6.0%
Bonds (VBTLX core)60%
Cash / Money Market19.5%
Cash buffer (settlement reserve)0.5%
Total99.5%
Capital Wealth 403(b) Vanguard · Moderate Conservative
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Passive diversified allocation. Low-cost Vanguard index funds matched to SB Election 1 lineup. For clients prioritizing fee minimization and broad-market exposure within the 403(b) wrapper.
Investment Policy Statement
Risk band: Matches the selected target-date allocation
Time horizon: Matches retirement date
Liquidity need: 403(b) plan rules govern
Return objective: Match benchmark index minus 8 bps fee drag
Rebalancing trigger: Annual auto-rebalance via plan
Excluded screens: Limited to Vanguard SB1 fund universe
Tax Location Guidance
Best fit: Pre-tax 403(b)
Acceptable: Roth 403(b) for high-tax-bracket savers
Not applicable outside 403(b): SB1 fund universe only available inside the plan
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Passive diversified allocation. Low-cost Vanguard index funds matched to SB Election 1 lineup. For clients prioritizing fee minimization and broad-market exposure within the 403(b) wrapper.
Investment Policy Statement
Risk band: Matches the selected target-date allocation
Time horizon: Matches retirement date
Liquidity need: 403(b) plan rules govern
Return objective: Match benchmark index minus 8 bps fee drag
Rebalancing trigger: Annual auto-rebalance via plan
Excluded screens: Limited to Vanguard SB1 fund universe
Tax Location Guidance
Best fit: Pre-tax 403(b)
Acceptable: Roth 403(b) for high-tax-bracket savers
Not applicable outside 403(b): SB1 fund universe only available inside the plan
Effective Theme Exposure
US Large-Cap (VFIAX core)31.2%
US Small/Mid-Cap (VSMAX / VEXAX)10.8%
International Equity (VTIAX)18.0%
Bonds (VBTLX core)34%
Cash / Money Market5.5%
Cash buffer (settlement reserve)0.5%
Total99.5%
Capital Wealth 403(b) Vanguard · Moderate Aggressive
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Passive diversified allocation. Low-cost Vanguard index funds matched to SB Election 1 lineup. For clients prioritizing fee minimization and broad-market exposure within the 403(b) wrapper.
Investment Policy Statement
Risk band: Matches the selected target-date allocation
Time horizon: Matches retirement date
Liquidity need: 403(b) plan rules govern
Return objective: Match benchmark index minus 8 bps fee drag
Rebalancing trigger: Annual auto-rebalance via plan
Excluded screens: Limited to Vanguard SB1 fund universe
Tax Location Guidance
Best fit: Pre-tax 403(b)
Acceptable: Roth 403(b) for high-tax-bracket savers
Not applicable outside 403(b): SB1 fund universe only available inside the plan
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Passive diversified allocation. Low-cost Vanguard index funds matched to SB Election 1 lineup. For clients prioritizing fee minimization and broad-market exposure within the 403(b) wrapper.
Investment Policy Statement
Risk band: Matches the selected target-date allocation
Time horizon: Matches retirement date
Liquidity need: 403(b) plan rules govern
Return objective: Match benchmark index minus 8 bps fee drag
Rebalancing trigger: Annual auto-rebalance via plan
Excluded screens: Limited to Vanguard SB1 fund universe
Tax Location Guidance
Best fit: Pre-tax 403(b)
Acceptable: Roth 403(b) for high-tax-bracket savers
Not applicable outside 403(b): SB1 fund universe only available inside the plan
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Diversified high-conviction book within the CWLG 403(b) custom lineup. Active selection within the available fund universe; tilts toward growth and quality.
Investment Policy Statement
Risk band: Tolerate −22% peak-to-trough
Time horizon: 8+ years
Liquidity need: 403(b) plan rules govern
Return objective: S&P 500 + 1% over 7Y within available fund universe
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Diversified high-conviction book within the CWLG 403(b) custom lineup. Active selection within the available fund universe; tilts toward growth and quality.
Investment Policy Statement
Risk band: Tolerate −22% peak-to-trough
Time horizon: 8+ years
Liquidity need: 403(b) plan rules govern
Return objective: S&P 500 + 1% over 7Y within available fund universe
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Diversified high-conviction book within the CWLG 403(b) custom lineup. Active selection within the available fund universe; tilts toward growth and quality.
Investment Policy Statement
Risk band: Tolerate −22% peak-to-trough
Time horizon: 8+ years
Liquidity need: 403(b) plan rules govern
Return objective: S&P 500 + 1% over 7Y within available fund universe
* YTD '26 column: Vanguard tickers from your SB-vs-Orion Q1 2026 fee comparison; non-Vanguard tickers from Yahoo Finance / Morningstar (April 2026). Tickers without recent published YTD data show —. * 1-Year trailing returns from Security Benefit Quarterly Performance Report (period ending early 2026); Orion Index-Beat fund 1-Yr returns from Yahoo Finance / Morningstar (April 2026). YTD and 1-Yr windows are not strictly aligned across all sources. Returns gross of advisor fee. Past performance does not guarantee future results.
Thesis — Diversified high-conviction book within the Orion 403(b) lineup. Active selection emphasizing healthcare, defense, and AI infrastructure within Orion’s available funds.
Investment Policy Statement
Risk band: Tolerate −25% peak-to-trough
Time horizon: 10+ years
Liquidity need: 403(b) plan rules govern
Return objective: S&P 500 + 2% over 10Y within Orion universe
Not applicable outside 403(b): Orion fund lineup only available inside the plan
Effective Theme Exposure
Energy25%
Tech / AI / Growth25%
Financials / Banks15%
Industrials / Infra15%
Defense10%
Gold / Real Assets9%
Cash buffer (settlement reserve)0.5%
Total99.5%
Capital Wealth Tax-Efficient · Diversified (Taxable)
Built for taxable accounts. Holdings chosen for low turnover, qualified-dividend tax treatment, ETF in-kind redemption (no embedded capital gains distributions), and tax-loss-harvesting flexibility. Excludes REITs, MLPs, and high-dividend names that throw off ordinary-income distributions. Designed to coordinate with a tax-deferred (IRA / 403b) sleeve where the high-yield names sit. Pairs with the wash-sale tracker on the rebalancing page.
S&P 500 core; IVV is the TLH-pair if VOO needs harvesting
3
VEA
Vanguard FTSE Developed Markets ETF
7.73%
Developed ex-US
+12.0%
+0.93%
Developed-market diversifier; IEFA = TLH-pair
4
VWO
Vanguard FTSE Emerging Markets ETF
3.86%
Emerging Markets
+9.0%
+0.35%
EM diversifier; EEM = TLH-pair (different index but functionally similar)
5
QQQM
Invesco NASDAQ-100 ETF (lower-fee class)
5.80%
Tech Tilt
+15.3%
+0.89%
Lower-fee than QQQ (0.15% vs 0.20%); same NASDAQ-100 exposure
6
SCHG
Schwab US Large-Cap Growth ETF
4.83%
Growth Tilt
+4.5%
+0.22%
VUG = TLH-pair; growth tilt without single-stock concentration
7
SCHD
Schwab US Dividend Equity ETF
4.83%
Quality Dividend
+17.2%
+0.83%
Qualified-dividend status; lower turnover than active funds; 3.6% yield
8
VV
Vanguard Large-Cap ETF
3.86%
Core US Equity
+7.8%
+0.30%
Large-cap diversifier; complements VTI without overlap
9
AAPL
Apple
2.90%
Single-stock conviction
+10.9%
+0.32%
Hold >1 yr for long-term cap-gain rate; specific-lot identification on harvests
10
MSFT
Microsoft
2.90%
Single-stock conviction
-13.4%
-0.39%
LTCG hold; minimal dividend income (qualified)
11
GOOGL
Alphabet
2.90%
Single-stock conviction
+24.0%
+0.70%
No dividend (zero ordinary income); LTCG hold
12
BRK.B
Berkshire Hathaway B
2.90%
Tax-Optimized
-4.5%
-0.13%
No dividend by design; pure capital-gain mechanism; ideal taxable holding
13
VTEB
Vanguard Tax-Exempt Bond ETF
9.66%
Muni Bond / Tax-Free
+0.2%
+0.02%
Federal-tax-free interest; CA-resident: pair with CMF for state-tax-free option
14
MUB
iShares National Muni Bond ETF
4.83%
Muni Bond / Tax-Free
-0.0%
-0.00%
VTEB = TLH-pair; same federal-tax-free exposure
15
CMF
iShares California Muni Bond ETF
4.83%
Muni Bond / Double-Tax-Free
-0.2%
-0.01%
CA residents only: federal AND state tax-free interest; sized to client's CA bracket
16
VTIP
Vanguard Short-Term TIPS ETF
3.86%
Inflation-Protected
+1.7%
+0.07%
Short-duration TIPS; less interest-rate risk than full TIP; SCHP = TLH-pair
17
SGOV
iShares 0-3M Treasury ETF
1.39%
Cash Equivalent
+1.4%
+0.02%
Treasury interest (federal-only-taxed); BIL = TLH-pair
18
IAU
iShares Gold Trust
2.90%
Real Asset
+4.7%
+0.14%
Long-term capital-gain rate (28% collectibles cap if <1yr); GLD = TLH-pair
19
VEU
Vanguard FTSE All-World ex-US ETF
2.90%
Global ex-US
+11.3%
+0.33%
Global ex-US diversifier; ACWX = TLH-pair
20
CASH
Money Market Reserve
0.97%
Operational Cash
+14.7%
+0.14%
Settlement / opportunistic cash; harvest reserve
TOTAL — 100%
100%
0.00%
21
NEE
NextEra Energy
1.00%
Power
+10.4%
+0.10%
NEW May 19 — Dominion buyout creates East-Coast AI-power leader
22
AZN
AstraZeneca
0.50%
Pharma
+2.4%
+0.01%
NEW May 19 — Hypertension approval; pharma diversification
Tax-Efficiency Design Notes
What sits here vs in the IRA: this Tax-Efficient model goes in the taxable brokerage. The high-yield names (energy partnerships KMI/ET/EPD/MPLX, REITs, high-dividend ETFs, junk-bond ETFs) live in the Roth IRA / Traditional IRA / 403(b) sleeve where ordinary-income distributions are sheltered.
Wash-sale rule (IRS Section 1091): 30 days before AND after the sale (61-day window). Applies to “substantially identical” securities. The TLH-pair column lists the alternative ETF that maintains exposure without triggering wash-sale. Don't buy the same ticker in your IRA either — Rev Rul 2008-5 extended wash-sale rules across taxable+IRA accounts.
Long-term capital gains: hold every position >1 year before harvesting gains to qualify for the 0% / 15% / 20% LTCG bracket vs ordinary income. Use specific-lot identification (FIFO is the worst tax outcome).
Qualified dividends: ETFs in this model pass through qualified-dividend status (15-20% rate) rather than ordinary-income distributions. Avoid REITs and MLPs in this sleeve — they break QDI status.
Rebalancing cadence: quarterly review. If a position has drifted >5% from target, rebalance. Always rebalance through new contributions or distributions before triggering taxable sales.
Tax-loss-harvesting season: November-December for the year-end tax loss; March-October opportunistic on drawdown spikes >7%. The wash-sale tracker on the rebalancing page tells you when each position is eligible to repurchase.
Thesis — Diversified high-conviction book optimized for taxable brokerage accounts. Tilts toward qualified-dividend payers, low-turnover ETFs, and tax-managed funds. Avoids ordinary-income drag from REITs and energy MLPs.
Investment Policy Statement
Risk band: Tolerate −25% peak-to-trough drawdown
Time horizon: 10+ years
Liquidity need: 0.5% SGOV buffer; rest available via in-kind ETF redemption
Aggressive-speculative sleeve for the moonshot bucket of a portfolio. Built around quantum computing pure-plays (IONQ, RGTI, QBTS, QUBT), AI infrastructure leaders, autonomous + counter-drone (AVAV), rare earth (MP), space (RKLB), and the highest-conviction Mag7. Position-sized small per name (1.5–4%) because individual outcomes range from 10x to zero. Suitable only for accounts where the client can tolerate a 50%+ drawdown on this sleeve without affecting their lifestyle. Sleeve sized at 5–15% of total household assets — never the whole portfolio.
#
Ticker
Name
Weight
Sector / Theme
YTD
Contrib
Speculative Thesis
1
IONQ
IonQ
3.98%
Quantum Computing
+15.8%
+0.63%
Trapped-ion quantum architecture; closest to commercial quantum advantage; Microsoft + AWS partnerships
2
RGTI
Rigetti Computing
2.98%
Quantum Computing
-24.7%
-0.74%
Superconducting-qubit fabrication leader; DARPA + DoE contracts; volatile but real revenue path
3
QBTS
D-Wave Quantum
2.49%
Quantum Computing
-26.5%
-0.66%
Quantum annealing specialist; commercial deployments at Volkswagen, Mastercard; differentiated from gate-based
4
QUBT
Quantum Computing Inc.
1.49%
Quantum Computing
-8.1%
-0.12%
Smaller-cap quantum + photonic sensing pure-play; binary outcome (win big or zero); position size reflects that
5
NVDA
NVIDIA
7.96%
AI Infrastructure
+19.2%
+1.53%
CUDA-moat compounder; AI capex cycle multi-year; cornerstone of any tech-speculative book
6
PLTR
Palantir Technologies
4.97%
AI / Defense Software
-24.2%
-1.20%
DoD AI-deployment leader; commercial AIP traction; rich valuation but secular tailwind
7
AVGO
Broadcom
4.97%
AI Semis
+19.7%
+0.98%
Custom AI silicon for hyperscalers; Apple, Meta, Google all customers; the "anti-NVDA" hedge
8
CRWD
CrowdStrike
3.98%
Cyber / AI Detection
+36.7%
+1.46%
AI-powered cyber leader; recurring revenue compounder; cyber spending is non-discretionary
9
SNOW
Snowflake
3.48%
Data Cloud
-24.8%
-0.86%
Cloud-data warehouse leader; AI-data preparation tailwind; high-burn but credible path
10
MDB
MongoDB
2.98%
Data Cloud
-21.9%
-0.65%
NoSQL leader; Atlas cloud growth + AI vector-database use case
11
AAPL
Apple
4.97%
Mag7 / AI Edge
+10.9%
+0.54%
Apple Intelligence on-device AI rollout; INTC chip-deal de-risks Taiwan tail; cash-flow ballast
12
META
Meta Platforms
4.97%
Mag7 / AI Models
-9.1%
-0.45%
Llama open-weights leader; capex thesis intact; ad-business funds the AI build
13
GOOGL
Alphabet
4.97%
Mag7 / AI Models
+24.0%
+1.19%
Gemini + Cloud AI compounding; YouTube ad ballast; Waymo optionality
14
MSFT
Microsoft
4.97%
Mag7 / AI Models
-13.4%
-0.67%
OpenAI partnership + Azure AI; quantum hardware research (Majorana qubits) is real long-shot
Dry powder for adding into drawdowns; speculative book NEEDS this on every dip-buy
TOTAL — 100% of speculative sleeve (5-15% of household)
100%
0.00%
Risk & Sizing Notes
This is a speculative sleeve, not a core book. Hold this alongside Tier I/II/III/IV — never as the only book. Recommended sizing: 5–15% of total household financial assets. The other 85–95% goes in the Aggressive tiers, the dividend tier, the Tax-Efficient tier, or fixed income.
Drawdown expectations: a 50% peak-to-trough drawdown on this sleeve is likely, not surprising. Quantum names move 30%+ on any given week. Expect it.
Account location: hold this in Roth IRA wherever possible. The asymmetric upside (some names could 5–10x over the next decade) is exactly the kind of return you want growing tax-free.
Position sizing: the smallest names (QUBT, QBTS, IONQ, RGTI, RKLB) are sized 1.5–4% specifically because individual outcomes range from binary zeros to 10x winners. Don't size up — sized correctly here, a single zero costs you 1.5–4% of the sleeve, which is 0.075–0.6% of household.
Rebalancing: if any position grows past 6% of the sleeve, trim back to the 4% target. The asymmetric returns mean winners will compound; let them, but don't let them become the entire sleeve.
Suitability: not appropriate for clients in or near retirement who need this money for living expenses in the next 5 years. This sleeve is for the 10–30 year compounding horizon.
Thesis — Concentrated high-conviction thematic book. 28 positions across AI infrastructure, quantum computing, and frontier semis. Speculative sleeve only — sized for risk-on capital.
25-position balanced book targeting a ~5% blended yield with growth-friendly quality cushion. Half quality-dividend core (SCHD/VYM + classic dividend champions yielding 3%) and half higher-yield income (MLPs, REITs, BDCs, covered-call ETFs yielding 6–9%) — blended together to hit a 5% portfolio yield without concentrating in a single high-yield trap. Designed for clients who want their portfolio to pay them now without giving up the chance to grow over a 10-year horizon. Pairs well with Social Security as a guaranteed-income complement.
#
Ticker
Name
Weight
Sleeve
Yield
YTD
Income Note
#
Ticker
Name
Weight
Sleeve
Yield
YTD
Income Note
Quality Dividend Core (35% — yields 2.5–3.5%)
1
SCHD
Schwab US Dividend Equity ETF
8.16%
Quality Core
+17.2%
+1.41%
Dow Jones Dividend 100 Index; quality-screen leader; tax-efficient ETF
2
VYM
Vanguard High Dividend Yield ETF
5.10%
Quality Core
+9.1%
+0.46%
FTSE high-yield index; complements SCHD with broader diversification
Blended yield calculated weighted-average across all 25 positions
26
NEE
NextEra Energy
1.00%
Power
+10.4%
+0.10%
NEW May 19 — Dominion buyout creates East-Coast AI-power leader
27
AZN
AstraZeneca
0.50%
Pharma
+2.4%
+0.01%
NEW May 19 — Hypertension approval; pharma diversification
Income Mechanics
Distribution cadence: SCHD/VYM/DGRO quarterly; O/MAIN monthly; PFF/JEPI monthly; MLPs (ET/MPLX) and BDCs (ARCC) quarterly. The blended payout schedule produces income roughly every week of the year.
Annual cash flow on $500K invested: ~$25,250 (5.05% of $500K). Roughly $2,100/month if reinvested-or-spent monthly.
Account location: hold MLPs (ET, MPLX) and BDCs (MAIN, ARCC) in tax-deferred accounts (Traditional IRA, 401(k), 403(b)) — they generate ordinary income, not qualified dividends. The quality-core ETFs (SCHD/VYM/DGRO) and dividend stocks (JNJ/PG/KO/PEP/ABBV/MRK) belong in taxable brokerage where you get the qualified-dividend rate. JEPI is a hybrid — half qualified, half ordinary; better in tax-deferred.
K-1 forms: ET and MPLX issue Schedule K-1 (not 1099-DIV). If you don't want K-1 paperwork, swap them for AMLP or MLPX (MLP ETFs that handle the K-1 internally and issue 1099 to investors).
Distribution tax treatment: qualified dividends taxed at LTCG rates (0/15/20%); MLP/BDC/REIT distributions taxed as ordinary income; Treasury interest is federal-only-taxed (state-tax exempt).
Rebalancing: trim winners back to target weight quarterly; the Higher-Yield sleeve will drift up faster than Quality Core because of the higher distributions, so the trim is naturally tax-aware (taking gains in the higher-cost-basis lots first).
Use case: ideal for a CalSTRS / CalPERS retiree who has Social Security + pension covering fixed expenses and wants the brokerage account to fund discretionary spend (travel, family help) without selling principal.
Thesis — Diversified high-conviction balanced book targeting a 5% yield. Equity-income tilt with a defensive bond sleeve. For clients who want growth participation with an income floor.
Investment Policy Statement
Risk band: Tolerate −18% peak-to-trough drawdown
Time horizon: 7+ years
Liquidity need: 5% target income distribution; 0.5% SGOV buffer within cash sleeve
Return objective: 5% yield + S&P 500 minus 2% capital appreciation
