Portfolio problems don't announce themselves — they compound quietly. NAV erosion starts with a single holding. Distribution cuts are telegraphed months in advance through coverage ratios. This workbook gives you the systematic 8-worksheet process to catch both before they require a portfolio rebuild.
Get the WorkbookA 5% NAV decline in year 1 is undetectable from distributions alone — it shows clearly in a 12-month NAV trend. The NAV Stability Scorecard tracks both.
A ratio below 1.0x means the fund is paying more than it earns. This consistently precedes formal distribution cuts — giving holders time to act.
Distributions arrived, but are you generating more or less income than last year? The Year-over-Year Income Comparison in Chapter 8 answers that precisely.
The Rebalancing Decision Tree converts subjective judgment into objective, threshold-based criteria — the same discipline that makes systematic investing work.
Chapters marked Most Relevant are specifically applicable to your situation.
A systematic review process for every position: yield, NAV change, coverage ratio, total return.
How to calculate and track coverage ratios for each holding, with thresholds.
A scoring system for each holding based on 12-month NAV trend and volatility.
A visual framework for deciding when to hold, trim, or exit a position.
Holding-by-holding review
The workbook reviews coverage ratios, NAV stability, distribution changes, total return, and predefined hold, trim, or exit criteria for each position.
$99
One-time purchase. Instant download. No subscription.
Secure checkout creates access to the purchased guide PDF for download.
Get the free weekly DivAgent Letter. NAV reality checks, distribution autopsies, and a new ETF tier each week. From the desk of the editor.