Pacific Asset Management, LLC

Key Holdings

The portfolio is dominated by Dimensional and American Century ETFs, which collectively make up the vast majority of the top ten positions. The largest holding, DFAC (Dimensional U.S. Core Equity 2 ETF), represents 18.22% of the portfolio alone, valued at over $30 million. This suggests a strong conviction in a broad, rules-based approach to U.S. equity investing. The second and third positions, DFSD (Dimensional U.S. Small Cap Value ETF) and DFIC (Dimensional International Core Equity 2 ETF), account for 9.80% and 9.00% respectively, indicating a strategic tilt toward small-cap value and international diversification.