Fund Evaluation Group, LLC
Fund Evaluation Group, LLC (FEG) is a Cincinnati, Ohio-based investment adviser founded in 1988, offering discretionary and non-discretionary investment advisory services, predominantly to institutional clients such as nonprofits, foundations, healthcare groups, educational endowments, and other charitable organizations. The firm employs approximately 130 professionals and serves clients seeking objective investment insights and globally diverse, customized portfolios. FEG operates additional offices in Indianapolis, IN, and Dallas, TX, and is wholly owned by an employee stock ownership plan.
Investment Strategy
FEG specializes in constructing and managing sophisticated, globally diverse portfolios designed to enhance returns while managing risk for institutional clients. Their investment strategy is highly client-centric, reflecting individual client needs and objectives through both discretionary OCIO (outsourced chief investment officer) and traditional non-discretionary consulting. The firm integrates research-driven asset allocation, manager selection, and portfolio oversight, focusing on long-term growth and capital preservation for nonprofits, retirement plans, insurance companies, and foundations. Recommendations vary by adviser, with a goal to maximize performance and minimize risk, always tailored to the specific requirements of each client.
Latest 13F Filing Activity
Fund Evaluation Group, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 79 equity positions with a total 13F market value of $3B. The fund increased holdings in Vanguard Malvern FDS, Vanguard Scottsdale FDS, Ishares TR among other positions. Fund Evaluation Group, LLC reduced exposure to Ishares TR, Ishares Msci Eafe Value Etf, Ishares TR among others.
Top Holdings
Equity Positions (79)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
I IVV | ISHARES TR | 36.71% | $949.5M | 1,529,303 | $418.16 | $620.90 | -$12.2M |
G GOVT | ISHARES TR | 11.96% | $309.3M | 13,458,570 | $22.99 | $22.98 | +$27.0M |
S SCHG | SCHWAB STRATEGIC TR | 10.38% | $268.4M | 9,190,023 | $15.59 | $29.21 | +$13.7M |
S SCHX | SCHWAB STRATEGIC TR | 6.94% | $179.5M | 7,343,379 | $20.48 | $24.44 | +$3.8M |
I IXUS | ISHARES TR | 5.85% | $151.3M | 1,957,364 | $67.87 | $77.31 | +$31.2M |
Industry Allocation
Investment Team (26)
| Name | Role | Location | |
|---|---|---|---|
B Bobby Blue | Vice President, Portfolio Construction | Cincinnati, OH , United States | |
B Brian Hooper | Research Analyst | Fairborn, OH , United States | |
 | Vice President - Research | Detroit, MI , United States | |
 | Vice President - Research | Cincinnati, OH , United States | |
D David Mason | Research Analyst | Cincinnati, OH , United States | |
 | AVP, Institutional Portfolio Analyst | Cincinnati, OH , United States | |
 | Institutional Portfolio Analyst | Cincinnati, OH , United States | |
 | Managing Principal and CIO and Head of Research | Cincinnati, OH , United States | |
K Kevin James Conroy | Senior Research Analyst - Hedged Strategies | Cincinnati, OH , United States | |
M Michael Franke | Vice President - Portfolio Manager | Cincinnati, OH , United States |
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