The Foundation — Mandate History

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Every rule change is published here in full — nothing about this portfolio's mandate changes without a visible, dated record.

For informational and educational purposes only — not investment advice. Smart Portfolios are simulated (paper-trading) model portfolios that illustrate a rule-based approach; they are not a recommendation to buy or sell any security and do not know your personal financial situation. Do your own research and due diligence, and consider consulting a licensed financial professional, before making any investment decision.
Revision 2 Approved
Effective Jul 15, 2026 – present

Universe: 1 broad-market index ETF (VOO, fixed 40% weight) + a live-screened basket of large-cap dividend payers sharing the remaining 60%, equally weighted. Screen thresholds (re-evaluated live against current data at every quarterly rebalance, from a fixed candidate pool of well-established dividend payers): payout ratio < 60%, 10+ consecutive years of dividend growth, positive free cash flow, market cap ≥ $10B. Roster membership is not fixed — it can change quarter to quarter as a candidate's fundamentals change. Rebalance/reconstitution on the first trading day of each calendar quarter. No market-timing entries/exits, no options, no margin.

Why this changed: Revision 1 described a fundamentals screen but the engine actually traded a fixed, hand-picked symbol list rather than evaluating the stated criteria live. This revision corrects the published rule to match reality: the roster is now determined by a live payout-ratio/dividend-streak/free-cash-flow/market-cap screen run against real data at every quarterly rebalance, so the published mandate and the executing code agree.

Revision 1 Superseded
Effective Jul 15, 2026 – Jul 15, 2026

Universe: 1 broad-market index ETF + 8-10 quality large-cap dividend payers meeting a fixed screen (10+ year consecutive dividend growth, payout ratio < 60%, positive free cash flow). Target weights fixed at inception. Rebalance back to target weights on the first trading day of each calendar quarter. No market-timing entries/exits, no options, no margin.