Index Fund Advisors, Inc.

Index Fund Advisors Inc. publishes a $2.22B, 127-name 13F whose top seven positions are all Dimensional Fund Advisors (DFA) factor ETFs — DFAS (U.S. Small Cap, 18.9%), DFAT (U.S. Targeted Value, 17.9%), DFUS (U.S. Core Equity, 15.8%), DFUV (U.S. Minimum Volatility, 12.5%), and DFIV (International Value, 8.4%) — together occupying approximately 74% of the book in a deliberate factor-based allocation framework. The Dimensional suite is a well-known systematic factor-strategy product line (size, value, minimum volatility, profitability) applied across U.S. and international equity markets. This entity is the product's advisory vehicle, and the 13F shows pure ETF factor implementation with no fundamental name-selection evidence. With 127 holdings spread across $2.22B and whaleScore of 73.75 — an unusually high score reflecting the fund's concentration in a small number of high-AUM ETF vehicles — the passive classification is unambiguous. This CIK should be classified passive_index.