Fund Evaluation Group, LLC

CINCINNATI, OH · CIK 1356249 · 13F filing filed 2026-08-07

SEC-registered investment adviser since 2002 · limited liability company

Assets managed$23.9bn
Staff136 · 74 in investment roles
Main clients (by assets)Charities 81%, Sovereign wealth funds 17%
Form ADV · 2026-03-31SEC adviser record

Kindhedge funds, private equity, institutions, futures
Others nearbyCincinnati, OH, Dallas, TX, Indianapolis, IN
FamilyFund Evaluation Group, LLC · 3 related pages

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Cincinnati, OH (main office)United States	United States	about 67
Dallas, TXUnited States	United States	4
Indianapolis, INUnited States	United States	3

US visa salary filings

Filings FY2024–20253
Median salary offered$77,250
Middle half$75,072 – $84,125
Job titles3

Job title	Filings	Median
Microsoft Power Platform DeveloperCincinnati, OH	1	$91,000
Research Analyst “ Diversified StrategiesCincinnati, OH	1	$77,250
Operations Analyst - TradingCincinnati, OH	1	$72,893

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: Fund Evaluation Group, LLC.

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$3.7bn reported value +13.8% vs Q1 2026

80positions

82.7%in top 10

10 new 29 added 19 reduced 3 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ISHARES TR CORE S&P500 ETF IVV	IVV	1,456,901	$1.1bn29.46%	29.46%	Reduced -245.0k	-245,014 -14.4%
2	SCHWAB STRATEGIC TR US LCAP GR ETF SCHG	SCHG	14,648,669	$495.7m13.38%	13.38%	Added +4.0m	+3,964,875 37.1%
3	ISHARES TR US TREAS BD ETF GOVT	GOVT	18,424,626	$419.7m11.33%	11.33%	Added +424.6k	+424,642 2.4%
4	SCHWAB STRATEGIC TR US LRG CAP ETF SCHX	SCHX	8,405,541	$247.4m6.68%	6.68%	Reduced -869.0k	-869,003 -9.4%
5	ISHARES TR CORE MSCI TOTAL IXUS	IXUS	2,134,934	$203.8m5.50%	5.50%	Reduced -196.7k	-196,678 -8.4%
6	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	265,157	$182.1m4.92%	4.92%	Added +54.8k	+54,801 26.1%
7	SCHWAB STRATEGIC TR INTL EQTY ETF SCHF	SCHF	4,807,713	$133.2m3.60%	3.60%	Reduced -725.5k	-725,524 -13.1%
8	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	296,485	$109.7m2.96%	2.96%	Added +171	+171 0.1%
9	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	1,184,318	$92.3m2.49%	2.49%	Added +1.2m	+1,179,946 26988.7%
10	GLOBAL X FDS S&P 500 CATHOLIC CATH	CATH	976,483	$86.4m2.33%	2.33%	Added +238.0k	+238,027 32.2%
11	ISHARES TR CORE US AGGBD ET AGG	AGG	477,654	$47.3m1.28%	1.28%	Added +149.5k	+149,486 45.5%
12	TCW ETF TRUST TRANSFRM 500 ETF VOTE	VOTE	512,574	$45.2m1.22%	1.22%	Added +80.3k	+80,305 18.6%
13	SCHWAB STRATEGIC TR EMRG MKTEQ ETF SCHE	SCHE	1,153,361	$41.8m1.13%	1.13%	Reduced -71.5k	-71,490 -5.8%
14	ISHARES TR SHORT TREAS BD SHV	SHV	281,843	$31.1m0.84%	0.84%	Added +4.3k	+4,288 1.5%
15	GLOBAL X FDS GLB X MLP ENRG I MLPX	MLPX	406,672	$30.0m0.81%	0.81%	New
16	VANGUARD INDEX FDS SMALL CP ETF VB	VB	87,872	$26.6m0.72%	0.72%	Added +58.4k	+58,442 198.6%
17	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	119,857	$25.5m0.69%	0.69%	Unchanged
18	ISHARES TR 10+ YR INVST GRD IGLB	IGLB	508,806	$25.5m0.69%	0.69%	Added +211.7k	+211,693 71.2%
19	VANGUARD SCOTTSDALE FDS VNG RUS3000IDX VTHR	VTHR	75,890	$25.2m0.68%	0.68%	Reduced -11.2k	-11,221 -12.9%
20	ISHARES TR 20 YR TR BD ETF TLT	TLT	265,309	$22.9m0.62%	0.62%	Added +104.8k	+104,809 65.3%
21	ISHARES TR RUS 1000 VAL ETF IWD	IWD	94,280	$22.9m0.62%	0.62%	Added +484	+484 0.5%
22	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	374,838	$21.6m0.58%	0.58%	Reduced -56.5k	-56,490 -13.1%
23	SCHWAB STRATEGIC TR US TIPS ETF SCHP	SCHP	748,000	$19.8m0.54%	0.54%	Unchanged
24	SCHWAB STRATEGIC TR SHT TM US TRES SCHO	SCHO	772,924	$18.7m0.50%	0.50%	Unchanged
25	ISHARES TR RUSSELL 3000 ETF IWV	IWV	42,134	$18.0m0.49%	0.49%	Reduced -385	-385 -0.9%
26	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	222,587	$15.9m0.43%	0.43%	Reduced -442	-442 -0.2%
27	SPDR SER TR S&P DIVID ETF SDY	SDY	89,489	$13.6m0.37%	0.37%	Unchanged
28	ISHARES TR RUS 2000 GRW ETF IWO	IWO	33,679	$13.3m0.36%	0.36%	Reduced -1.5k	-1,477 -4.2%
29	ISHARES TR CORE MSCI EAFE IEFA	IEFA	137,356	$13.3m0.36%	0.36%	Added +134.8k	+134,846 5372.4%
30	ISHARES TR ESG AW MSCI EAFE ESGD	ESGD	116,875	$12.0m0.32%	0.32%	Added +3.5k	+3,450 3.0%
31	SCHWAB STRATEGIC TR INTL SCEQT ETF SCHC	SCHC	246,963	$11.9m0.32%	0.32%	Reduced -9.6k	-9,621 -3.8%
32	DIMENSIONAL ETF TRUST US EQUITY MARKET DFUS	DFUS	140,789	$11.5m0.31%	0.31%	Unchanged
33	VANGUARD BD INDEX FDS INTERMED TERM BIV	BIV	144,624	$11.1m0.30%	0.30%	Added +10.5k	+10,503 7.8%
34	ISHARES TR MSCI USA ESG SLC SUSA	SUSA	70,915	$10.9m0.30%	0.30%	Added +976	+976 1.4%
35	VANGUARD SCOTTSDALE FDS VNG RUS1000VAL VONV	VONV	96,000	$10.2m0.28%	0.28%	Unchanged
36	ISHARES INC CORE MSCI EMKT IEMG	IEMG	120,092	$9.9m0.27%	0.27%	New
37	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	114,146	$8.4m0.23%	0.23%	Added +18	+18 0.0%
38	ISHARES TR MSCI EAFE ETF EFA	EFA	60,266	$6.2m0.17%	0.17%	Reduced -9.9k	-9,866 -14.1%
39	ISHARES TR 0-5 YR TIPS ETF STIP	STIP	53,006	$5.4m0.15%	0.15%	Added +8.3k	+8,316 18.6%
40	VANGUARD CHARLOTTE FDS TOTAL INT BD ETF BNDX	BNDX	111,718	$5.4m0.15%	0.15%	New
41	VANGUARD WORLD FD ESG INTL STK ETF VSGX	VSGX	61,277	$5.0m0.14%	0.14%	Added +940	+940 1.6%
42	INVESCO DB COMMDY INDX TRCK UNIT DBC	DBC	185,314	$4.9m0.13%	0.13%	Unchanged
43	VANGUARD INDEX FDS MID CAP ETF VO	VO	57,108	$4.6m0.12%	0.12%	Unchanged
44	ISHARES TR RUS MID CAP ETF IWR	IWR	35,293	$3.9m0.11%	0.11%	Unchanged
45	2023 ETF SERIES TRUST EAGLE CAPITAL SE EAGL	EAGL	112,990	$3.6m0.10%	0.10%	Unchanged
46	ISHARES TR RUS 1000 GRW ETF IWF	IWF	26,616	$3.3m0.09%	0.09%	Added +9.3k	+9,272 53.5%
47	DIMENSIONAL ETF TRUST INTERNATNAL VAL DFIV	DFIV	58,191	$3.1m0.08%	0.08%	Reduced -659	-659 -1.1%
48	ISHARES TR MSCI ACWI ETF ACWI	ACWI	16,987	$2.7m0.07%	0.07%	Reduced -400	-400 -2.3%
49	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	26,637	$2.6m0.07%	0.07%	Added +11.8k	+11,776 79.2%
50	ISHARES TR MSCI ACWI EX US ACWX	ACWX	33,316	$2.5m0.07%	0.07%	Reduced -412	-412 -1.2%
51	ISHARES TR TIPS BD ETF TIP	TIP	21,902	$2.4m0.06%	0.06%	Added +13.3k	+13,348 156.0%
52	GMO ETF TRUST GMO US VALUE GMOV	GMOV	80,000	$2.4m0.06%	0.06%	Unchanged
53	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	33,182	$1.9m0.05%	0.05%	Added +5.2k	+5,153 18.4%
54	ISHARES TR RUS MD CP GR ETF IWP	IWP	13,074	$1.9m0.05%	0.05%	Added +222	+222 1.7%
55	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	12,224	$1.6m0.04%	0.04%	Unchanged
56	AMERICAN CENTY ETF TR US LARGE CAP VLU AVLV	AVLV	15,700	$1.4m0.04%	0.04%	Unchanged
57	ISHARES TR MSCI EMG MKT ETF EEM	EEM	13,870	$948.9k0.03%	0.03%	Added +4.4k	+4,400 46.5%
58	SCHWAB STRATEGIC TR US REIT ETF SCHH	SCHH	39,129	$926.6k0.03%	0.03%	Reduced -915	-915 -2.3%
59	ISHARES TR GLB INFRASTR ETF IGF	IGF	13,621	$907.2k0.02%	0.02%	New
60	VANGUARD SCOTTSDALE FDS LONG TERM TREAS VGLT	VGLT	15,835	$873.8k0.02%	0.02%	Unchanged
61	SPDR SER TR DJ REIT ETF RWR	RWR	7,570	$855.2k0.02%	0.02%	New
62	ISHARES INC ESG AWR MSCI EM ESGE	ESGE	15,605	$853.4k0.02%	0.02%	Unchanged
63	NEBIUS GROUP N.V. SHS CLASS A NBIS	NBIS	2,771	$765.3k0.02%	0.02%	New
64	ISHARES TR COHEN STEER REIT ICF	ICF	11,127	$752.5k0.02%	0.02%	Unchanged
65	VANGUARD ADMIRAL FDS INC SMLLCP 600 IDX VIOO	VIOO	4,984	$685.5k0.02%	0.02%	Added +1.8k	+1,768 55.0%
66	FLEXSHARES TR MORNSTAR UPSTR GUNR	GUNR	12,948	$638.1k0.02%	0.02%	New
67	SCHWAB STRATEGIC TR FUNDAMENTAL US L FNDX	FNDX	20,286	$630.9k0.02%	0.02%	Unchanged
68	INVESCO EXCHANGE TRADED FD T RAFI US 1000 ETF PRF	PRF	10,697	$578.0k0.02%	0.02%	Reduced -1.4k	-1,425 -11.8%
69	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,015	$507.9k0.01%	0.01%	New
70	ISHARES TR CORE S&P SCP ETF IJR	IJR	3,306	$490.3k0.01%	0.01%	Reduced -22	-22 -0.7%
71	VANGUARD ADMIRAL FDS INC SMLCP 600 GRTH VIOG	VIOG	3,155	$484.1k0.01%	0.01%	Added +925	+925 41.5%
72	SPDR GOLD TR GOLD SHS GLD	GLD	1,160	$427.3k0.01%	0.01%	New
73	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	5,365	$404.8k0.01%	0.01%	New
74	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	1,661	$364.5k0.01%	0.01%	Unchanged
75	NVIDIA CORPORATION COM NVDA	NVDA	1,484	$296.9k0.01%	0.01%	Added +129	+129 9.5%
76	NORTHERN LTS FD TR IV INSPIRE 100 ETF BIBL	BIBL	4,641	$268.6k0.01%	0.01%	Unchanged
77	APPLE INC COM AAPL	AAPL	694	$200.8k0.01%	0.01%	Reduced -941	-941 -57.5%
78	MANAGER DIRECTED PORTFOLIOS VERT GLB SUST RE VGSR	VGSR	14,204	$161.7k0.00%	0.00%	Unchanged
79	FIBROBIOLOGICS INC COM NEW FBLG	FBLG	51,794	$49.1k0.00%	0.00%	Unchanged
80	ELUTIA INC CL A COM ELUT	ELUT	12,612	$12.3k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
VANGUARD MALVERN FDS VTIP	VTIP	1,487,047	$74.3m1.5m shares
ISHARES TR USRT	USRT	62,010	$3.7m62.0k shares
SPDR INDEX SHS FDS SPGM	SPGM	26,923	$2.0m26.9k shares