Deployment plan
Generated 2026-09-17T16:46:16+00:00 (content is versioned in the repo, not market-driven)
Tranche deployment plan
| Sleeve | Tranche 1 (now) | Tranche 2 trigger | Tranche 3 / final | Invalidation |
|---|---|---|---|---|
| IB01 · 36% | 36% — full now | — | — | — |
| TLT · 8% | 4% now | +2% at 10Y ≥ 5.10% | +2% at 5.25–5.32% WITH weekly exhaustion | weekly close > 5.40% → freeze adds, cut to 4% |
| TIP · 4% | 2% now | +2% at 10Y ≥ 5.25% | — | — |
| COWZ · 15% | 7% now | 8% on SPX −3–5% pullback to the 50-day | — | — |
| XLV · 6% | 3% now | 3% on risk-off | — | — |
| GRID · 6% | 2% now | 2% on −5–8% pullback | 2% when copper holds 5.75+ | cut to 2% if ISM < 50 |
| GLDM · 15% | 8% now (6-month low zone) | 7% if GLD holds 380–395 | — | — |
| AMLP · 6% | 3% now | 3% at 52.50–53.00 | — | cut on distribution cut or leverage > 4.0x |
| PDBC · 4% | 2% now | 2% on oil 95–100 | — | exit on contango flip |
Execution notes: LSE UCITS lines settle T+2 versus T+1 for US lines
— keep a $20–25k settled-cash buffer so tranche adds are never blocked by
unsettled sales. When rotating out of IB01 into duration, prefer IDTL
over TLT.