Assets transitioning$2.5MLocal reference scope
Reference transition draft
TRANSITION MANAGEMENT
Move legacy positions toward a target portfolio with tax-aware sequencing.
ReferenceReference transition pathDeterministic local plan
Estimated transition tax cost$61.2KLocal reference estimate
Planned turnover12.4%Reference path
Proposed phases4 phasesLocal reference sequencing
Illustrative sequence
TRANSITION GLIDE PATH
Target allocationCurrent allocation
- Selected phase
- Phase 1 · 0–3 months
- Expected realized tax cost
- $12,850
- Turnover in phase
- 3.6%
Cumulative expected tax cost$61,240
Reference position inventory
93 positionsPOSITION BUCKETS
PreserveHold in all phases
$1.6M65.2%
54positions
Trim laterReduce over time
$540.0K21.8%
18positions
Immediate exitSell in early phases
$186.0K7.5%
9positions
Replacement basketAdd in later phases
$138.0K5.5%
12positions
Reference six-position view
Reference sequencingPHASED ACTION PLAN
| Ticker / Sleeve | Category | Recommended phase | Rationale | Est. tax cost | Impact on TE | Details |
|---|---|---|---|---|---|---|
 AAPLTechnology | Trim later | Phase 2 (3–6 mo) | Reduce overweight vs. target; realize gains efficiently. | $4,820 | +0.08% | |
 NVDATechnology | Trim later | Phase 3 (6–9 mo) | High unrealized gain; manage tax bracket. | $8,610 | +0.05% | |
| VTICore Equity | Preserve | All phases | Core beta exposure; low turnover. | — | 0.00% | |
| TLTFixed Income | Trim later | Phase 2 (3–6 mo) | Reduce duration bias aligned to target. | $1,240 | +0.03% | |
| ARKKThematic Equity | Immediate exit | Phase 1 (0–3 mo) | High TE and overcapacity; exit early. | $2,950 | +0.11% | |
| AVUVUS Small Cap Value | Replacement basket | Phase 3 (6–9 mo) | Add to improve factor balance. | — | −0.04% |
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