RETIREMENT INCOME SOLUTIONS, INC

CIK 0001730386 · Q1 2026

13F Equity AUM

$585.1M

-0.8% QoQ

Positions

173

+3 QoQ

AUM Rank

#3,923

Top 32%

Skill Alpha (FF)

-1.4%/yr

Underperformer

Rank #4,371 · Top 53%

vs S&P -3.8%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 51.7%Top 10: 67.0%Top 20: 78.2%

SPYM24.3%

SPY7.8%

SPMD7.3%

JPST6.2%

IVV6.2%

MINT6.0%

IWF3.1%

IJH2.7%

GLDM2.1%

SPYX1.5%

Others (163)33.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services94.0%

Technology2.1%

Other3.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 173Median: 0.09%Avg: 0.58%

0–0.5%

144(16.2%)

0.5–1%

12(8.4%)

1–3%

10(14.7%)

3–5%

1(3.1%)

5%+

6(57.7%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 159Unique: 14vs 20 funds

2.2%Low

173

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BANK OF AMERICA CORP /DE/

3.3%

2.9%

3.2%

4.6%

2.9%

VANGUARD CAPITAL MANAGEMENT LLC

1.6%

GEODE CAPITAL MANAGEMENT, LLC

1.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.7%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New13Increased38Decreased43Exited10

New Positions

FBND0.1%

+11K

NEE0.1%

+4K

BND0.1%

+5K

CL0.0%

+2K

SCHD0.0%

+8K

SLV0.0%

+4K

DE0.0%

+422

VOE0.0%

+1K

IEMG0.0%

+3K

BAR0.0%

+5K

Increased

SPYM24.3%

+61K(+3%)

MINT6.0%

+20K(+6%)

JBND0.3%

+19K(+218%)

DFAE0.8%

+18K(+16%)

SPMD7.3%

+15K(+2%)

AVDE0.8%

+10K(+22%)

POCT0.3%

+9K(+26%)

FESM1.0%

+7K(+5%)

VLY0.1%

+5K(+14%)

JPST6.2%

+5K(+1%)

Decreased

SPYX1.5%

-3,623(-2%)

PJAN0.1%

-2,225(-10%)

GLDM2.1%

-1,724(-1%)

GAMR0.0%

-1,391(-32%)

IWR0.4%

-1,328(-5%)

SHY0.1%

-1,247(-16%)

FBTC0.0%

-1,045(-20%)

DBEF0.1%

-992(-6%)

AMZN0.6%

-916(-5%)

JMUB1.2%

-881(-1%)

Exited

-794

-1,000

-408

-1,230

-919

-635

-8,548

-6,213

IBDT

-7,858

VOOG

-460

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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