FIRI is an actively managed fund-of-funds that seeks a 4% target annual income level. This aligns with the early retirement goals of the FIRE movement, particularly the retirement distribution phase, which shifts from wealth accumulation to generating a steady income while preserving capital. The portfolio primarily holds active or passively managed affiliated equity, bond, commodity, single-stock, multi-asset, or long/short ETFs. FIRI utilizes a barbell approach in allocating its assets between two key components: 1) high-yielding assets, which generate income, are selected following an Income Hierarchy, and 2) cash equivalents and low-volatility ETFs, which aim to provide stability and liquidity, are selected following a Safety Hierarchy. Each component may comprise 30% to 70% of the funds net assets. This range allows the adviser to adjust allocations tactically based on market conditions and investment opportunities. The final portfolio consists of 10 to 25 underlying ETFs.