Total Wealth Planning, LLC

Key Holdings

The portfolio is characterized by a high concentration in the top ten positions, which collectively comprise approximately 86.6% of total assets. The firm has clearly pivoted to Dimensional ETFs as its primary vehicle for equity exposure.

• DFEM (Dimensional Emerging Markets Core Equity): This is the largest holding at $59.14 million (16.22%). This represents a significant overweight to emerging markets, suggesting a conviction in international growth or a strategic diversification away from US-centric equities.
• VCSH (Vanguard Short-Term Corporate Bond ETF): The second largest position at $51.66 million (14.17%), alongside BNDX (Total International Bond), indicates a strong defensive posture regarding fixed income. The firm is allocating substantial capital to short-term credit and international bonds, likely to manage interest rate risk and preserve capital.
• Dimensional Core Equity Suite: Positions 3 through 5 are all Dimensional ETFs (DFIV, DFIS, DFLV), totaling roughly 30.5% of the portfolio. These funds generally target specific factors such as value, profitability, and size. This suggests a "smart beta" or factor-investing approach rather than traditional market-cap weighting.
• Single Stocks: Direct equity exposure is minimal. The only notable individual stocks are JPMorgan Chase (JPM) at 0.77% and smaller positions in Tesla, NVIDIA, Netflix, Meta, and Broadcom, all of which are under 0.3% individually. This implies the firm prefers accessing equity markets through fund wrappers rather than stock picking.