Your portfolio, in five chapters.
You hold $1,450,837 across 26 positions. We flagged 6 items worth your attention - summarized below and detailed in the chapters that follow. Read as much or as little as you want.
What you want to accomplish
Every recommendation in this report considers these goals
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Where You Stand
What you own and how it has performed. Your holdings, how they're allocated, the income they generate, and how your returns compare to the market.
What you own
Accounts, asset allocation and geography
$1,450,837
| Account | Value | % of Total | Positions |
|---|---|---|---|
| Taxable Brokerage Taxable | $812,440 | 56.0% | 14 |
| Rollover IRA Tax-deferred | $438,212 | 30.2% | 8 |
| Roth IRA Tax-free | $200,185 | 13.8% | 4 |
What Your Portfolio Has Done
Gains and cost basis across your priceable positions.
Top Contributors
Driving your portfolio up
| Holding | Gain | Return |
|---|---|---|
NVIDIA Corporation NVDA |
+$64,791.67 | +635% |
Eli Lilly and Company LLY |
+$59,271.13 | +362% |
Global X U.S. Infrastructure Development ETF PAVE |
+$56,565.90 | +112% |
Top Detractors
Weighing your portfolio down
| Holding | Loss | Return |
|---|---|---|
Pfizer Inc. PFE |
-$8,412.40 | -31% |
Verizon Communications VZ |
-$3,189.05 | -14% |
Walgreens Boots Alliance WBA |
-$2,640.18 | -48% |
9 additional holdings are excluded from this view because cost basis is not recorded.
Estimated Annual Income
Income by Asset Class
Where your projected income comes from
| Asset Class | Annual Income | Yield |
|---|---|---|
| U.S. Equities | $14,980 | 1.86% |
| International | $4,420 | 2.41% |
| Fixed Income | $5,540 | 4.18% |
| Other | $880 | 0.42% |
Top Income Holdings
Where the dividend dollars come from
| Holding | Annual Income | Yield |
|---|---|---|
iShares Core US Aggregate Bond AGG | $2,210 | 4.21% |
Vanguard High Dividend Yield VYM | $1,720 | 2.95% |
Vanguard Total Stock Market VTI | $1,430 | 1.32% |
Vanguard Total International VXUS | $1,180 | 2.91% |
Verizon Communications VZ | $640 | 6.21% |
4 additional holdings are excluded from income because yield data isn't available for their tickers.
What's Moved In, Out, and Through Your Accounts
Cash flow from your connected accounts since June 2024 (24 months tracked). Historical pre-tracking activity isn't included - only what we've observed.
+$92,400
You Put In vs. What It's Worth
Net new money you deposited since we started tracking, versus your current portfolio value. The gap is what the market did - for or against you - net of any withdrawals.
Market Contribution is computed against your starting balance when tracking began - it strips out the pre-tracking principal so the gap reflects what the market actually did over the tracked window.
Monthly breakdown Deposits, withdrawals, dividends, fees per month
| Month | Deposits | Withdrawals | Dividends | Fees |
|---|---|---|---|---|
| Jan 2026 | $3,850 | - | $1,490 | $4,616 |
| Feb 2026 | $3,850 | - | $1,460 | - |
| Mar 2026 | $3,850 | - | $2,680 | - |
| Apr 2026 | $3,850 | - | $1,480 | $4,316 |
| May 2026 | $3,850 | - | $1,260 | - |
| Jun 2026 | $2,610 | - | $960 | $1,013 |
Per-Account Returns and Income
Time-weighted return for each account since tracking began, plus the income each one actually paid you.
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| Account | YTD | 2025 | Since Jun 2024 | Dividends Received |
|---|---|---|---|---|
| Taxable Brokerage | +8.2% | +15.4% | +14.2% | $24,180 |
| Rollover IRA | +5.4% | +10.2% | +9.6% | $10,260 |
| Roth IRA | +10.4% | +19.8% | +18.4% | $4,160 |
Income by Month
Dividends and interest received from your accounts, month by month - what was actually paid, not a forward estimate.
Your Returns vs the Market
Time-weighted returns since June 2024 - TWR strips out the impact of when you contributed so your numbers compare cleanly against passive benchmarks.
+50.0%
You outperformed the S&P 500
Over the tracked period, your average balance was $1,231,000. Beating the S&P by that margin added about $36,672 versus a pure S&P 500 holding over the same window.
The Index-Fund Version of Your Target
Based on your target allocation, the closest passively-managed equivalent would be 60% VTI / 14% VXUS / 20% AGG / 6% GLD - rebalanced daily. The "Smart Blend" line below shows how that hypothetical portfolio would have performed over the same period.
Growth Over Time
Cumulative time-weighted return from Jun 2024 to today. A point above a benchmark line means your portfolio outperformed it.
Period Returns
YTD = January 1 to today. Rolling 1yr / 3yr / 5yr columns are deliberately omitted - we don't fabricate pre-tracking history.
| Period | Your Portfolio | Smart Blend | S&P 500 | VBIAX (60/40) | VTI | AGG |
|---|---|---|---|---|---|---|
| YTD | +9.4% | +8.1% | +8.7% | +5.2% | +8.9% | +2.1% |
| 2025 | +17.5% | +16.1% | +17.0% | +10.6% | +16.8% | +5.0% |
| Since Jun 2024 | +50.0% | +45.9% | +41.3% | +27.6% | +42.2% | +9.1% |
What It Costs You
Every dollar you pay to own this portfolio. Advisor fees, fund expense ratios, and the lifetime impact of letting them compound.
Fee exposure
Your full fee structure and its lifetime impact
$88,589
This is the estimated total you'll pay in fees if your portfolio continues on its current path, assuming 7% annual growth. Understanding this number helps you make informed decisions.
$1,327/yr × 25 years = $33,187 simple cost, plus $55,402 compounding premium (fees grow with your portfolio) = $88,589 total lifetime fees.
Different from the lifetime fee figure above: that's cash paid out in fees, while this is the portfolio value recovered - including the lost growth on every dollar of fees.
Actual Advisor Fees
Detected from your connected accounts over the last 12 months.
Fund Cost Comparison
Funds in your portfolio with similar, lower-cost alternatives tracking the same or comparable indices. Savings compound significantly over time.
| Your Current Fund | Lower-Cost Alternative | Your ER | Alt ER | Annual Savings | 20yr Savings |
|---|---|---|---|---|---|
|
Artisan International Value
APDKX
Int'l Value · Active
|
Vanguard Intl Value
VTRIX
Int'l Value · Active
|
1.15% | 0.36% | $435/yr | $5,460 |
|
Lazard Global Infrastructure
GLIFX
Global Infrastructure · Active
|
iShares Global Infrastructure
IGF
S&P Global Infrastructure Index
|
0.98% | 0.41% | $395/yr | $4,960 |
|
Undiscovered Mgrs Behavioral Value
UBVLX
Small Cap Value · Active
|
Vanguard Small-Cap Value ETF
VBR
CRSP US Small Cap Value Index
|
1.05% | 0.07% | $186/yr | $2,330 |
|
Dodge & Cox Stock Fund
DODGX · 401k
Large Cap Value · Active
|
iShares S&P 500 Value ETF
IVE
S&P 500 Value Index
|
0.51% | 0.18% | $271/yr | $3,400 |
|
Pioneer Large Growth Fund
401k
Large Cap Growth · Active
|
Vanguard Growth ETF
VUG
CRSP US Large Cap Growth Index
|
0.89% | 0.04% | $691/yr | $8,670 |
|
MFS International Diversified
MDIZX · 401k
International · Active
|
Vanguard Total Int'l Stock ETF
VXUS
FTSE Global All Cap ex US Index
|
0.80% | 0.08% | $616/yr | $7,730 |
|
Harrison Street Real Assets
VCRRX
Real Assets · Active
|
Vanguard Real Estate ETF
VNQ
MSCI US REIT Index
|
1.25% | 0.12% | $91/yr | $1,140 |
Total potential fund cost savings
Across all identified alternatives, the data shows potential savings of approximately $1,125 per year, compounding to an estimated $33,710 over 20 years. Note: 401k fund options may be limited to your plan's available menu.
Where You're Going
Your target mix, and how far you are from it. Based on your goals and risk profile, here is the allocation we'd aim for - and the gaps to close.
Your target mix
Target allocation across your dimensions
Gap Analysis
Where your current allocation differs from your targets. Each facet is analyzed independently - a single position can appear in multiple gap categories.
| Asset Class | Current | Target | Gap | Gap $ |
|---|---|---|---|---|
| US Equities | 56.6% | 45.0% | +11.6% | +$149K |
| International Equities | 7.2% | 17.0% | -9.8% | -$126K |
| Fixed Income | 1.7% | 12.0% | -10.3% | -$133K |
| Commodities & Gold | 3.2% | 5.0% | -1.8% | -$23K |
| Infrastructure | 7.8% | 5.0% | +2.8% | +$36K |
| Crypto | 5.0% | 3.0% | +2.0% | +$26K |
| Cash | 15.8% | 3.0% | +12.8% | +$165K |
| Defense | 0.8% | 4.0% | -3.2% | -$41K |
Problems Identified
Before & After
What your portfolio could look like if all recommendations are implemented.
Allocation Changes
Projected Allocation After Rebalancing
Projections assume all recommendations are implemented. Actual results will vary based on market conditions, timing, and individual circumstances.
What To Do About It
Options to consider, organized by impact. Each action shows the math behind it. We don't tell you which to take - you decide.
Your action plan
Data-driven options, ordered by potential impact
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Each option below is derived from your portfolio data, with the math shown. We don't tell you which to take.
These are options derived from your data, not personalized investment advice. Unmanaged is not a financial advisor, broker-dealer, or investment adviser.
Tax Considerations
Estimated tax impact of the taxable account changes outlined in the action plan. IRA transactions are tax-deferred and not included here. Consult your tax advisor before acting.
Estimated Capital Gains
Estimated Tax (15% LTCG)
Estimated Tax (20% LTCG)
With NIIT (23.8%)
Strategies to Consider
This is not tax advice. Tax situations are highly individual. Please consult a qualified tax professional before making investment decisions with tax implications.
Execution Plan
What to do and why - grouped by intent, then sequenced into a weekly timeline.
Reduce Fund Costs
Lower expense ratios without changing your strategy
Simplify Your Portfolio
Consolidate overlapping positions
Align Your Allocation
Bring your portfolio closer to your target mix
Tax-Advantaged Rebalancing
Deploy IRA and 401(k) cash into underweight positions. No tax consequences.
- Buy TLT in Traditional IRA ($31K)
- Buy TIP in Traditional IRA ($21K)
- Buy BND across Traditional IRAs ($38K)
- Buy VWO in Roth IRA ($10K)
- Switch Artisan Intl → VTRIX in 401(k)
- Switch Lazard Global Infra → IGF in 401(k)
Taxable Account - Simplify & Trim
Consolidate small positions and reduce concentrated holdings. Verify LTCG eligibility.
- Consolidate 12 small positions (~$88K)
- Trim NVDA from 259 to ~146 shares (~$21K)
- Evaluate IVV overlap (~$42K)
- Trim PAVE, MSFT, AVGO to target sizes (~$37K)
Taxable Account - Diversify
After settlement, deploy proceeds to target positions.
- Buy VEA, VGK, EWJ - International Developed ($61K)
- Buy VWO - Emerging Markets ($25K)
- Buy LMT, RTX, NOC - Defense ($31K)
- Buy XOM, CVX, GDX - Energy & Gold ($38K)
Verification
Review all trades. Confirm positions match targets, no wash sale violations.
Going Deeper
Optional reading. Nothing here changes the plan above - these analyses add nuance: concentration risk, where assets should live for tax efficiency, and behavioral patterns.
Asset location optimization
Reduce tax drag by placing assets in the right account types
$2,793.62
Location Issues
| Ticker | Holding | Current | Optimal | Reason | Annual Drag |
|---|---|---|---|---|---|
| FLOT | iShares Floating Rate Bond ETF | Taxable | IRA or 401(k) | Bond interest is taxed as ordinary income. Moving to tax-advantaged accounts shelters this income. | $540.23 |
| VNQ | Vanguard Real Estate ETF | Taxable | IRA or 401(k) | REIT distributions are taxed as ordinary income and benefit most from tax-deferred placement. | $612.40 |
Behavioral insights
Common investor patterns detected in your portfolio
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True Diversification
How diversified your portfolio really is, beyond position count.
You think you have 47 positions. You effectively have 15 independent bets. Multiple holdings in the same sector or asset class move together, reducing true diversification. Diversification score: 6/10 (fair).
Correlation Buckets
| Bucket | % of Portfolio | Holdings | Sample Tickers |
|---|---|---|---|
| US Large Cap Growth | 24.8% | 18 | NVDA, AAPL, MSFT, AMZN, META |
| Cash & Equivalents | 15.8% | 6 | SGOV, Money Market, Settlement |
| Structured Products | 12.1% | 8 | Various buffered notes |
| US Large Cap Value | 11.2% | 14 | IVV, SCHD, JPM, UNH |
| Infrastructure | 7.8% | 3 | PAVE, GII, IGF |
| International Developed | 5.4% | 4 | VXUS, EFA, ARTIX |
| Crypto | 5.0% | 2 | BTC, ETH |
| Gold & Miners | 3.2% | 3 | IAU, GDX, GDXJ |
| Fixed Income | 1.7% | 2 | AGG, BND |
Analysis Summary
A plain-language overview of your portfolio analysis findings.
Portfolio Composition
Your household portfolio of $1.29M is spread across 6 accounts with 47 individual positions. The Joint Taxable account holds 50.6% of total assets and contains 24 individual stocks, ETFs, structured notes, and gold. The remaining assets are distributed across two Traditional IRAs, two Roth IRAs, and a 401k plan.
Your portfolio is currently positioned as an aggressive growth portfolio - approximately 88% equity with zero dedicated bond exposure. For a 50-year-old household 15 years from retirement, this allocation carries higher volatility risk than your stated moderate risk tolerance suggests.
Key Findings
The analysis identified several areas where your current allocation differs significantly from your stated targets. The most notable gaps include: a $133K shortfall in fixed income, a $214K shortfall in international developed market exposure, zero emerging market exposure, and $165K in excess cash earning minimal returns.
Your technology sector exposure at 30% is well above typical concentration guidelines. NVIDIA alone represents 4.6% of the total portfolio. While these positions have performed well historically, concentrated sector bets increase vulnerability to sector-specific downturns.
On the positive side, your portfolio has a strong cost foundation. Most individual stocks carry no ongoing fees, and your core ETF positions (IVV, PAVE, IAU) have competitive expense ratios. The primary fee optimization opportunity is in the actively managed mutual funds, where lower-cost index alternatives could save approximately $1,125 per year.
Context: Hard Assets
It is worth noting that this analysis covers only your investable securities portfolio. Households with significant hard assets - real estate, business equity, or other illiquid holdings - may reasonably target different allocations in their securities portfolio. For example, substantial real estate holdings could justify a lower bond allocation, since real estate already provides inflation protection and income characteristics similar to bonds.
Important Disclosures
We show you the math. You decide.
This report is for informational and educational purposes only. It is not investment advice, a recommendation, or an offer to buy or sell any securities. Unmanaged is not a financial advisor, broker-dealer, or investment adviser.
This is a sample report populated with illustrative data - the holdings, values, and figures shown are fictional and do not represent any real portfolio.
All calculations use standard financial models. Expense ratios, fund data, and market information come from public databases and may not reflect real-time values. Past performance does not guarantee future results.
Tax estimates use general federal capital gains rates. Your actual liability depends on your income, filing status, state taxes, and holding periods.