Combined Cash Flow Report

US Treasuries + Cashflow 2M Portfolio | April 2026 — March 2027 | Carlos Blanco
Combined Net Cash Flow
$5.32M
Annual total
Monthly Average
$443,603
Net after interest
Treasury Income
$2.61M
Maturities + coupons
Portfolio Income
$3.27M
21 positions @ 13.1%
Interest Cost
-$552,500
Schwab + IB @ 4.25%
Peak Month
$911K
May & November

Combined Monthly Cash Flow

Month-by-Month Breakdown

MonthUS TreasuriesCF2M PortfolioGross TotalInterestNet Cash Flow
Apr 2026$56,200$166,879$223,079-$46,042$177,037
May 2026$789,730$166,879$956,609-$46,042$910,567
Jun 2026$6,800$482,990$489,790-$46,042$443,748
Jul 2026$0$166,879$166,879-$46,042$120,837
Aug 2026$420,210$166,879$587,089-$46,042$541,047
Sep 2026$7,224$482,990$490,214-$46,042$444,172
Oct 2026$56,200$166,879$223,079-$46,042$177,037
Nov 2026$789,730$166,879$956,609-$46,042$910,567
Dec 2026$6,800$482,990$489,790-$46,042$443,748
Jan 2027$459,870$166,879$626,749-$46,042$580,707
Feb 2027$0$166,879$166,879-$46,042$120,837
Mar 2027$15,970$482,990$498,960-$46,042$452,918
ANNUAL$2,608,734$3,266,996$5,875,730-$552,500$5,323,230

Income Sources Breakdown

US Treasury Cash Flow by Account

AccountAprMayJunJulAugSepOctNovDecJanFebMarTotal
RAJR x62018,25030,63000008,25030,6300000$77,760
Carlos x378706,3800013,210006,3800013,2100$39,180
ESP x293917,530344,6503,0400280,0406,01017,530344,6503,0400319,70015,970$1,352,160
Trust x362217,530232,3801,880054,51063417,530232,3801,880054,5100$613,234
Quarantine x537712,890175,6901,880072,45058012,890175,6901,880072,4500$526,400
TOTAL56,200789,7306,8000420,2107,22456,200789,7306,8000459,87015,970$2,608,734

Cashflow 2M Portfolio — 21 Positions

Monthly Payers (14) — $166,879/mo

TickerMonthlyAnnual
JFR$23,526$282,313
TSLY$22,606$271,275
MSTY$20,094$241,134
NVDY$17,583$210,992
CONY$15,071$180,850
PDI$14,226$170,706
JEPQ$11,931$143,173
QYLD$9,042$108,510
PTY$8,468$101,610
XYLD$7,535$90,425
PFF$5,794$69,523
JEPI$5,426$65,106
PFFD$4,849$58,185
DGRW$729$8,750
TOTAL$166,879$2,002,552

Quarterly Payers (7) — $316,111/qtr

TickerQuarterlyAnnual
BXSL$82,812$331,247
BIZD$75,095$300,381
MORT$53,929$215,717
MLPA$34,401$137,605
REM$33,150$132,598
AMLP$33,078$132,313
SCHD$3,646$14,583
TOTAL$316,111$1,264,444

Net Cash Flow by Month

🎯 Year 2 Strategy: Treasury Laddering for Even Cash Flow

The Problem

4 months have significantly lower cash flow because Treasury maturities are clustered in May/Nov/Aug/Jan, leaving February, April, July, and October with little to no Treasury income. The range swings from $121K to $911K — a 7.5× gap.

Lean MonthCurrent NetTarget (Avg)Gap to Fill
⚠️ February$120,837$443,603$322,766
⚠️ April$177,037$443,603$266,566
⚠️ July$120,837$443,603$322,766
⚠️ October$177,037$443,603$266,566
Total Annual Gap$1,178,664

The Solution: Staggered Treasury Reinvestment

When T-bills mature in heavy months, reinvest into staggered durations (2, 5, 8, 9 month T-bills) that mature in the lean months. After one full 12-month cycle, cash flow flattens from $121K–$911K to $322K–$638K. Same $5.32M annual — just smoother delivery.

📋 Specific Reinvestment Instructions

Step 1 — When May Maturities Arrive ($789,730)

ActionBuyDurationMatures InPurpose
🔵 Buy T-Bills$200,0002-monthJuly 2027Fills July gap
🔵 Buy T-Bills$200,0005-monthOctober 2027Fills October gap
🔵 Buy T-Bills$200,0009-monthFebruary 2028Fills February gap
🔄 Roll$190,0006-monthNovember 2027Maintains Nov cycle

Step 2 — When August Maturities Arrive ($420,210)

ActionBuyDurationMatures InPurpose
🔵 Buy T-Bills$200,0006-monthFebruary 2028Reinforces Feb
🔵 Buy T-Bills$200,0008-monthApril 2028Fills April gap
🔄 Roll$20,00012-monthAugust 2028Maintains Aug cycle

Step 3 — When November Maturities Arrive ($789,730)

ActionBuyDurationMatures InPurpose
🔵 Buy T-Bills$200,0005-monthApril 2028Reinforces April
🔵 Buy T-Bills$200,0008-monthJuly 2028Reinforces July
🔵 Buy T-Bills$200,00011-monthOctober 2028Reinforces October
🔄 Roll$190,0006-monthMay 2028Maintains May cycle

Step 4 — When January Maturities Arrive ($459,870)

ActionBuyDurationMatures InPurpose
🔵 Buy T-Bills$200,0001-monthFebruary 2028Extra Feb boost
🔵 Buy T-Bills$200,0009-monthOctober 2028Reinforces October
🔄 Roll$60,00012-monthJanuary 2029Maintains Jan cycle

📊 Year 1 vs Year 2 Comparison

MonthYear 1 TreasuriesYear 2 TreasuriesYear 1 NetYear 2 NetImprovement
Apr$56,200$201,000$177,037$321,837+$144,800 (+82%)
May$789,730$301,000$910,567$421,837-$488,730 (redistributed)
Jun$6,800$201,000$443,748$637,837+$194,089
Jul$0$201,000$120,837$321,837+$201,000 (+166%)
Aug$420,210$201,000$541,047$321,837-$219,210 (redistributed)
Sep$7,224$201,000$444,172$637,837+$193,665
Oct$56,200$201,000$177,037$321,837+$144,800 (+82%)
Nov$789,730$301,000$910,567$421,837-$488,730 (redistributed)
Dec$6,800$201,000$443,748$637,837+$194,089
Jan$459,870$201,000$580,707$321,837-$258,870 (redistributed)
Feb$0$201,000$120,837$321,837+$201,000 (+166%)
Mar$15,970$201,000$452,918$637,837+$184,919
ANNUAL$2,608,734$2,612,000$5,323,230$5,326,496≈ Same

📈 Results After Laddering

Year 1 (Current)

Floor: $121K

Peak: $911K

Range: 7.5× spread

Year 2 (After Laddering)

Floor: $322K ↑ +166%

Peak: $638K

Range: 2× spread ↓ 73% tighter

💡 Key insight: No extra capital required. Same $2.61M in Treasuries, same $5.32M annual net. Just smarter maturity scheduling. Every month stays above $320K net.

Combined Cash Flow Report | April 2026 — March 2027 | Carlos Blanco
US Treasuries ($2.61M) + Cashflow 2M Portfolio ($3.27M) — Interest ($0.55M) = $5.32M Net