Published example · not a personal recommendation
Income First
Put distributions and how companies fund them at the centre of the portfolio.
Inspect every target weight
The construction idea
Eight businesses provide different operating sources of dividends, alongside distributing equity, bond and property funds.
The trade-off
Payments are uneven and can fall. Taxes, financing needs and expensive shares can erode the income advantage.
This example’s analysis has not been published yet. You can inspect its composition and trade-offs; measured findings are not yet available.
What do your ETFs hold in common?
Different funds can own the same businesses. Overlap describes repeated ownership, separate from historical price movement.
No retained fund-pair measurement is available for this edition. This does not establish zero overlap.
Overlap: share of the whole portfolio. Coverage of look-through funds: unavailable · No retained constituent date
How have the investments moved together?
Weighted mean correlation summarizes historical co-movement. It is neither a loss limit nor a complete pairwise matrix.
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No retained correlation measurement is available for this edition.
3y · No retained end date · Common weekly observations in EUR; not a forecast.
Where does exposure concentrate?
Holding weights describe construction. Looking through equity funds reveals company, sector and country exposure where data is available.
- Largest holding
- 15.00%
- Five largest holdings
- 65.00%
Company, sector and country figures: share of equities. Bonds, cash and gold are not dissolved into company exposures.
Complete issuer look-through is not retained for this edition.
Edition: income-first-2026-10-v2 · Retained basis: 2026-10-24 · EUR
Every holding and its role
The complete composition of this example edition, including each position’s risks.
Vanguard FTSE All-World Dist
IE00B3RBWM25
Broad global equities with distributions.
Examine risk
Market losses and variable distributions; currency exposure remains.
Vanguard All-World High Dividend Dist
IE00B8GKDB10
A broad core of global dividend-paying equities.
Examine risk
Dividends can fall; the income tilt changes sector exposure.
Allianz
DE0008404005
Insurance earnings, capital discipline and dividends.
Examine risk
Claims, capital requirements and financial-market losses can affect dividends.
ADP
US0530151036
Payroll services and operating cash generation.
Examine risk
Employment sensitivity, client-fund rates and valuation risk.
Novartis
CH0012005267
Innovative medicines and pharmaceutical cash generation.
Examine risk
Patent expiries, clinical results and pricing decisions; ordinary Swiss share, not an ADR.
Procter & Gamble
US7427181091
Household and personal-care products.
Your brief shapes the next version.
This example is a starting point. Your objective, constraints and open questions shape your own proposal.
€8 once · portfolio, analysis, PDF and two successful refinements. Bounded AI assistance; continue in Premium with a higher allowance.