A high‑income portfolio of ETFs/CEFs in pipelines (MLPs), real estate (REITs), financial lenders (BDCs), and high‑yield credit. Quarterly rebalanced to target weights. Built for ongoing income; expect sensitivity to interest rates, credit, and energy cycles.

All the money is split across 8 income-focused funds and reset every quarter to fixed weights. They hold: pipelines/MLPs (TPYP, AMLP), real estate landlords (KBWY), dividend‑heavy financials and business lenders (KBWD, BIZD), high‑yield bonds (HYBL) and a high‑yield bond fund with a built‑in hedge (CDX), plus a real‑assets income fund (RA). Goal: steady cash payouts, not fast growth.

Steady income with downside protection. OOS losses are smaller than the S&P (11.9% vs 18.8%), plus a credit hedge. Growth may lag, but it offers durable income and lower downturn risk for income-focused investors.