Keystone Financial Group, Inc.

Key Holdings

• Largest single holding: DFAU (Dimensional ETF Trust) at $29.69M (15.55% of the portfolio). This is a dominant single position and is larger than the next three individual holdings combined.
• Top 10 holdings total approximately $121.9M, or ~63.8% of the portfolio, indicating a concentrated upper-weighting among the highest-value names.
• ETFs dominate the top positions: iShares- and Vanguard-branded funds and multiple Dimensional ETFs appear repeatedly among the highest weights (DFAU, DFAX, DFAC, DFSD, DFAW, DFSU plus large iShares and Vanguard positions). Collectively, Dimensional-branded ETFs represent a material portion of portfolio assets (roughly $50M+ based on top-listed DFA/DF* holdings), while the single largest iShares entry (labeled generically “ISHARES TR”) is $19.02M (9.96%).
• Largest individual equity exposures are modest by comparison: FBK (FB Financial Corp) at $8.98M (4.70%) and Truist Financial (TFC) at $1.07M (0.56%). Blue-chip names (BRK/B, MSFT, NVDA, JNJ, AMGN, TRV) are present but each is <0.4% of the portfolio individually.
• Income- and yield-oriented ETFs are notable: SCHD ($10.56M, 5.53%), VIG ($10.45M, 5.47%), municipal bond funds (Vanguard muni funds totaling ≈$9.26M across lines), and EMLP (MLP/energy income ETF, $3.12M, 1.64%).

Significance: The portfolio’s return and risk profile will be driven primarily by a mix of broad-market and factor/managed ETF exposures (Dimensional + iShares/Vanguard), with a smaller allocation to individual equities and select income-oriented funds. The single largest exposures are to institutional ETF wrappers rather than to individual stocks.