Conrad Siegel Investment Advisors, Inc.

Key Holdings

The portfolio is dominated by a few large, strategic core positions that account for the majority of its value.

• DFAC (Dimensional US Core Equity 2 ETF): This is the largest holding at $120.00M, representing 22.76% of the portfolio. As a factor-based ETF, it indicates a tilt toward profitability and size, moving away from pure market-cap weighting.
• VOO (Vanguard S&P 500 ETF): A new addition and the second-largest holding at $102.13M (19.37%). This provides exposure to the 500 largest U.S. companies and serves as a traditional large-cap core.
• International Equity: Significant exposure to international markets is achieved through IEFA (iShares Core MSCI EAFE) at $45.91M (8.71%) and VEA (Vanguard Tax-Managed International) at $38.48M (7.30%). These two positions alone combine for over 16% of the portfolio, highlighting a strong commitment to global diversification.
• Mid-Cap and Factor Exposure: VO (Vanguard Mid-Cap ETF) holds 6.57% of the portfolio, providing exposure to U.S. mid-sized companies, complementing the large-cap and factor strategies.