1. The Schwab U.S. Dividend Equity ETF (SCHD) is concentrated in Consumer Staples, Energy, and Health Care but lacks diversification in Materials, Utilities, and Real Estate. 2. To address this, the author adds Cohen & Steers Quality Income Realty Fund (RQI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) to enhance exposure to Real Estate and Technology sectors. 3. The portfolio achieves a 6.09% weighted average dividend yield and a 6.72% 5-year dividend growth rate, offering strong income potential and reduced risk through diversification.