Week of Apr 10 to Apr 17
Income Signal Scorecard
Income funds broadly rallied this week. The BUY signals beat the universe by 1.4 percentage points.
The Numbers
Week of Apr 10 to Apr 17, 2026. Universe size: 366 funds.
The BUY signals generated +1.42 percentage points of alpha over the full universe. 54 of 65 BUY signals finished positive on the week. That is an 83% hit rate.
The AVOID group was the clear laggard, which is exactly what the system is designed to flag.
Signal stability was high this week. 64 of 65 BUY signals held their rating through Friday (98% stability). Across all 366 funds, 90% held their rating week over week. The system does not whip around day to day, which matters when you are trying to run a portfolio off these signals.
Portfolio Health
Deterioration monitoring as of Apr 17:
208 funds CLEAR (healthy distributions, stable NAV)
146 funds MONITOR (elevated but not critical)
9 funds WATCHLIST (active deterioration concerns)
3 funds with insufficient data
What This Means for Income Investors
A rising market lifts almost everything, including funds that probably should not be owned for income. The AVOID group still went up 0.74% this week. That is what makes capital preservation hard. The yield trap does not announce itself on a good week.
The value of systematic monitoring shows up when the market turns. The funds with the weakest coverage, the highest return of capital, and the thinnest leverage spreads give back their gains first.
Bottom Line
One scorecard does not prove a system. The point of publishing this every week is to build a public, timestamped record over months and years. The only way to know whether systematic income investing works is to show the receipts.
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Methodology: Returns shown are 7-day price-only returns. They do not include distributions paid during the window. For income funds with stable monthly distributions, this understates total return for BUY-rated funds (which reliably go ex-dividend) relative to AVOID-rated funds (whose distributions are at risk). Distribution-adjusted total returns will be added in a future release. The relative ordering of signal performance is unaffected.
Disclaimer: Past performance is not indicative of future results. This is not investment advice. Signals are generated by a systematic model and are presented for educational purposes only. Margin amplifies gains and losses.