Forbes Financial Planning, Inc.

2. Key Holdings

The portfolio is dominated by institutional-grade ETFs, with the top 10 positions accounting for approximately 70% of the total assets.

• Top Core Holdings:
  • FBND (Fidelity Merrimack Str Tr) - 9.74%: This is the largest holding, indicating a strong preference for core fixed income exposure, likely focusing on investment-grade bonds.
  • IVV (iShares Core S&P 500) - 9.11%: Represents the primary large-cap equity exposure, offering broad U.S. market coverage.
  • VCSH (Vanguard Short-Term Corporate Bond) - 9.07%: Further emphasizes the shift toward high-quality, short-duration fixed income, suggesting a focus on income generation and capital preservation.
  • VEA (Vanguard FTSE Developed Markets) - 7.05%: Provides significant international diversification.
• Significant Individual Position:
  • Apple Inc. (AAPL) - 4.70%: Notably, AAPL is the only individual stock to break into the top 10 holdings, underscoring the manager's conviction in large-cap technology stability. It ranks 11th by value but is comparable in size to the top ETF positions.