Alpha Financial Advisors, LLC

2. Key Holdings

The portfolio is highly concentrated in its top positions, with the top three holdings accounting for approximately 35.96% of the total assets.

• Dominance of Dimensional ETFs: The largest positions are firmly rooted in the Dimensional ETF Trust.
  • DFAU ($42.32M, 12.94%) and DFIC ($40.67M, 12.44%) are the two largest positions. These funds typically target specific factors such as value, momentum, or profitability within the US equity market.
  • Combined, Dimensional-related funds make up a substantial portion of the top 10, signaling a strong preference for the "Dimensional" investment philosophy, which emphasizes academic research and factor investing over traditional market-cap weighting.
• Strategic Partners: The third and fourth largest positions are a T. Rowe Price ETF ($33.06M, 10.11%) and the Capital Group Growth ETF (CGGR) ($19.16M, 5.86%). This suggests the manager diversifies not just by asset class, but by asset manager, utilizing the active or semi-active capabilities of T. Rowe Price and Capital Group alongside the systematic approach of Dimensional.
• Fixed Income Exposure: FIXD (First Trust Exchange Traded Fund VI) holds the 9th spot ($17.05M, 5.21%), providing the portfolio with significant fixed income exposure, likely for income generation or volatility dampening.
• Tech Giants: While individual stocks are minimal, QQQM (Invesco NASDAQ 100 ETF) holds the 11th position ($9.72M, 2.97%), providing concentrated exposure to the technology sector, alongside smaller direct holdings in Apple and Alphabet.