Index Fund Advisors, Inc.
Index Fund Advisors, Inc. (IFA) is a fee-only, SEC-registered investment adviser headquartered in Irvine, California. Founded in 1999 by Mark T. Hebner, the firm provides risk-appropriate, globally diversified, and tax-managed wealth management and advisory services for individuals, trusts, corporations, non-profits, pensions, endowments, and institutional clients. With approximately 50 employees, IFA delivers personalized portfolio management and financial planning, serving clients nationwide seeking evidence-based, passive investment strategies and fiduciary care.
Investment Strategy
Index Fund Advisors, Inc. utilizes a disciplined, evidence-based investment approach centered on constructing globally diversified portfolios of index funds. The strategy emphasizes passive, quantitative methods based on research by Eugene Fama and Kenneth French, leveraging nearly a century of risk and return data. IFA avoids stock and manager selection, speculative trading, and unnecessary fees, instead focusing on long-term, market-driven returns through risk-appropriate, low-cost index fund portfolios. Ongoing portfolio management includes tax management, personalized asset allocation, prudent rebalancing, and comprehensive education to foster client understanding and long-term results.
Latest 13F Filing Activity
Index Fund Advisors, Inc. filed their most recent 13F report on Sep 30, 2025 disclosing 145 equity positions with a total 13F market value of $2B. The fund increased holdings in Dimensional Etf Trust, Ishares TR, Dimensional Etf Trust among other positions. Index Fund Advisors, Inc. reduced exposure to Appfolio Inc., Morningstar Inc., Zoetis Inc. among others.
Top Holdings
Equity Positions (145)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
D DFAS | DIMENSIONAL ETF TRUST | 19.45% | $401.0M | 5,856,832 | $59.52 | $68.46 | +$29.8M |
D DFAT | DIMENSIONAL ETF TRUST | 18.41% | $379.6M | 6,520,506 | $47.85 | $58.21 | +$46.5M |
D DFUS | DIMENSIONAL ETF TRUST | 17.55% | $361.7M | 4,992,856 | $51.31 | $72.44 | +$23.1M |
D DFUV | DIMENSIONAL ETF TRUST | 12.63% | $260.4M | 5,827,280 | $32.80 | $44.69 | +$37.7M |
D DFIV | DIMENSIONAL ETF TRUST | 8.12% | $167.4M | 3,628,776 | $34.33 | $46.12 | +$31.9M |
Industry Allocation
Investment Team (4)
| Name | Role | Location | |
|---|---|---|---|
 | Senior Portfolio Manager | Irvine, CA , United States | |
 | Portfolio Manager | Irvine, CA , United States | |
 | Portfolio Analyst | Orange, CA , United States | |
 | Portfolio Analyst | Irvine, CA , United States |
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