DOX Amdocs Limited - Ordinary Shares
About Amdocs Limited - Ordinary Shares Company overview from Wikipedia
Amdocs Limited is a multinational telecommunications technology and Software company headquartered in Chesterfield, Missouri. The company specializes in software and services for communications, media, digital enterprises, and financial services providers. Amdocs was founded in 1982 and is publicly traded on the Nasdaq stock exchange.
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Amdocs Limited (Hebrew: אמדוקס) is a multinational telecommunications technology and Software company headquartered in Chesterfield, Missouri. The company specializes in software and services for communications, media, digital enterprises, and financial services providers. Amdocs was founded in 1982 and is publicly traded on the Nasdaq stock exchange.
Overview
Amdocs provides software and services for communications and media service providers. The company operates in more than 90 countries, with its headquarters in St. Louis, Missouri, and has approximately 30,000 employees globally as of 2022. Shimie Hortig is the chief executive officer (CEO) and president. Amdocs has been traded on the Nasdaq global select market since December 2013.
History
Early years and IPO
Amdocs was founded in 1982 in Israel as an offshoot of the Israeli phone directory company Golden Pages, which was owned by the Aurec Group headed by Morris Kahn. Together with others at Golden Pages, Kahn developed a billing software program for phone directory companies and with Boaz Dotan established a company called Aurec Information & Directory Systems to market this product. In 1982, Boaz Dotan became Amdocs' first President and CEO.
In 1985, Southwestern Bell Corporation acquired a 50 percent ownership share of Aurec Information & Directory Systems, and its name was changed to Amdocs. Within two years, the Aurec Group sold off all its holdings in Amdocs for almost US$1 billion. Between 1990 and 1995, Amdocs took its initial diversification steps, expanding first into the wireline telephony market and then the mobile space. Avi Naor replaced Dotan in 1995. In June 1998, Amdocs held an initial public offering on the New York Stock Exchange.
Expansion
Following its IPO, Amdocs expanded by acquiring additional billing and customer relationship management companies and building its application creation capabilities. In 1999, the company moved into managed services when it acquired International Telecommunication Data System Corporation.
Companies acquired in the early 2000s include DST Innovis, XACCT Technologies, Cramer Systems, Sigvalue, and Canadian internet billing firm Solect. Dov Baharav succeeded Naor as CEO in 2002, and Eli Gelman held the role starting in November 2010.
In early 2000, federal agencies conducted a counterintelligence investigation to determine if Amdocs was being used by Israel to eavesdrop on U.S. government communications. The investigation found no evidence of such activity. Concerns were also raised about potential mishandling of data.
In 2005, Amdocs was suspected of industrial espionage when it hired a private investigator who allegedly spied on a Globes journalist. In 2009, the South African State Security Agency suspected Amdocs was being used by Mossad to spy on South African citizens.
Amdocs continued to expand via mergers and acquisitions in the 2010s, purchasing firms such as Bridgewater Systems in 2011, the business support system portion of Comverse Technology, and content monetization, processing and distribution software company Vubiquity in 2018. Shuky Sheffer replaced Gelman as Amdocs' President and CEO in October 2018. In 2020, Amdocs acquired Openet, a provider of 5G charging, policy and cloud technologies. Amdocs further expanded into cloud computing in 2021 with the acquisitions of Sourced, a Canadian company specializing in cloud transitioning.
Amdocs launched a generative AI framework in 2023 called amAIz, designed for telecommunications service providers and built using Nvidia's AI foundry service, which runs on Microsoft Azure. The company has experimented with using the platform to process customer service inquiries. The same year, Amdocs acquired Astadia and TEOCO's Service Assurance line of business.
Shimie Hortig became Amdocs' President and CEO effective March 31, 2026 following the retirement of Shuky Sheffer.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
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10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $0.5690 |
| March 31, 2026 | $0.5690 |
| Dec. 31, 2025 | $0.5270 |
| Sept. 30, 2025 | $0.5270 |
| June 30, 2025 | $0.5270 |
| March 31, 2025 | $0.5270 |
| Dec. 31, 2024 | $0.4790 |
| Sept. 30, 2024 | $0.4790 |
| June 28, 2024 | $0.4790 |
| March 27, 2024 | $0.4790 |
| Dec. 28, 2023 | $0.4350 |
| Sept. 28, 2023 | $0.4350 |
| June 29, 2023 | $0.4350 |
| March 30, 2023 | $0.4350 |
| Dec. 29, 2022 | $0.3950 |
| Sept. 29, 2022 | $0.3950 |
| June 29, 2022 | $0.3950 |
| March 30, 2022 | $0.3950 |
| Dec. 30, 2021 | $0.3600 |
| Sept. 29, 2021 | $0.3600 |
DOX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 4 36.4%
- Buy 3 27.3%
- Hold 3 27.3%
- Sell 1 9.1%
- Strong Sell 0 0.0%
12-Month Price Target
4 analysts · 2026-08-18Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| Sept. 30, 2026 | $1.84 | $1.86 | -0.02% |
| June 30, 2026 | $1.84 | $1.86 | -0.02% |
| March 31, 2026 | $1.78 | $1.78 | -0.00% |
| Dec. 31, 2025 | $1.81 | $1.80 | 0.01% |
| Sept. 30, 2025 | $1.83 | $1.85 | -0.02% |
| June 30, 2025 | $1.72 | $1.73 | -0.01% |
| March 31, 2025 | $1.78 | $1.72 | 0.06% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| DOX | — | — | — | — | — | — |
| IBM | $277.53B | 26.5 | 7.6% | 15.7% | 35.3% | 58.2% |
| CTSH | $39.76B | 18.2 | 7.0% | 10.6% | 14.7% | — |
| IT | — | 26.1 | 3.7% | 11.2% | 78.7% | 68.8% |
| EPAM | $11.12B | 30.5 | 15.4% | 6.9% | 10.3% | — |
| KD | — | 15.4 | 0.23% | 1.3% | 16.5% | — |
| BBAI | $2.36B | -6.6 | -19.3% | -230.2% | -66.9% | 22.3% |
| DXC | $2.16B | 125.7 | -1.8% | 0.14% | 0.58% | — |
| GDYN | — | 82.1 | 17.5% | — | — | — |
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 495 filers · $2.6B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 63 (-36 vs prior Q) | 82 (-3 vs prior Q) | 180 (-16 vs prior Q) | 149 (+8 vs prior Q) | -1.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| FMR LLC | $411,762,998 | 8,147,269 | 15.91% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $191,612,178 | 3,791,297 | 7.40% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $139,137,833 | 2,753,024 | 5.38% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $108,258,189 | 2,087,603 | 4.18% | Shares |
| NEUBERGER BERMAN GROUP LLC | $90,192,655 | 1,784,580 | 3.48% | Shares |
| AMERICAN CENTURY COMPANIES INC | $73,624,178 | 1,456,748 | 2.84% | Shares |
| FIRST TRUST ADVISORS LP | $69,732,010 | 1,379,744 | 2.69% | Shares |
| STATE STREET CORP | $67,732,955 | 1,325,030 | 2.62% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $60,190,108 | 1,190,940 | 2.33% | Shares |
| CRAWFORD INVESTMENT COUNSEL INC | $59,988,370 | 1,186,948 | 2.32% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $58,026,288 | 1,148,126 | 2.24% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $50,036,418 | 984,775 | 1.93% | Shares |
| GOLDMAN SACHS GROUP INC | $46,318,444 | 916,471 | 1.79% | Shares |
| Robeco Institutional Asset Management B.V. | $40,589,377 | 803,114 | 1.57% | Shares |
| TWO SIGMA ADVISERS, LP | $33,939,554 | 421,557 | 1.31% | Shares |
| Russell Investments Group, Ltd. | $31,866,401 | 629,493 | 1.23% | Shares |
| BlackRock, Inc. | $30,924,617 | 611,884 | 1.19% | Shares |
| Allianz Asset Management GmbH | $30,400,416 | 601,512 | 1.17% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $29,704,178 | 587,736 | 1.15% | Shares |
| TWO SIGMA INVESTMENTS, LP | $26,396,890 | 522,297 | 1.02% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $26,198,066 | 518,363 | 1.01% | Shares |
| Qube Research & Technologies Ltd | $25,844,488 | 511,367 | 1.00% | Shares |
| MILLENNIUM MANAGEMENT LLC | $25,780,100 | 510,093 | 1.00% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $25,416,111 | 502,891 | 0.98% | Shares |
| SEIZERT CAPITAL PARTNERS, LLC | $25,351,319 | 501,609 | 0.98% | Shares |
| RAYMOND JAMES FINANCIAL INC | $21,654,062 | 428,454 | 0.84% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $20,223,632 | 400,151 | 0.78% | Shares |
| CITADEL ADVISORS LLC | $17,887,925 | 353,936 | 0.69% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $17,180,618 | 339,941 | 0.66% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $15,933,968 | 315,274 | 0.62% | Shares |
| BANK OF AMERICA CORP /DE/ | $15,606,348 | 308,792 | 0.60% | Shares |
| Gotham Asset Management, LLC | $14,421,993 | 285,358 | 0.56% | Shares |
| SEI INVESTMENTS CO | $13,537,600 | 267,859 | 0.52% | Shares |
| M&G PLC | $13,411,980 | 262,980 | 0.52% | Shares |
| TD Waterhouse Canada Inc. | $12,681,501 | 247,521 | 0.49% | Shares |
| MORGAN STANLEY | $12,669,854 | 250,689 | 0.49% | Shares |
| RICE HALL JAMES & ASSOCIATES, LLC | $12,065,111 | 238,724 | 0.47% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $11,935,729 | 236,164 | 0.46% | Shares |
| Distillate Capital Partners LLC | $11,914,097 | 235,736 | 0.46% | Shares |
| RHUMBLINE ADVISERS | $11,814,186 | 233,760 | 0.46% | Shares |
| ALPS ADVISORS INC | $11,125,016 | 220,123 | 0.43% | Shares |
| Walleye Capital LLC | $10,948,430 | 216,629 | 0.42% | Shares |
| California Public Employees Retirement System | $10,675,969 | 211,238 | 0.41% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $10,600,613 | 209,747 | 0.41% | Shares |
| BANK OF NOVA SCOTIA | $10,267,706 | 203,160 | 0.40% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $10,252,241 | 202,854 | 0.40% | Shares |
| LPL Financial LLC | $9,968,432 | 197,238 | 0.39% | Shares |
| ExodusPoint Capital Management, LP | $9,965,831 | 197,187 | 0.38% | Shares |
| GW HENSSLER & ASSOCIATES LTD | $9,774,779 | 149,782 | 0.38% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $9,438,850 | 186,760 | 0.36% | Shares |
| Cubist Systematic Strategies, LLC | $9,255,732 | 112,806 | 0.36% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $9,031,498 | 178,700 | 0.35% | Shares |
| CWM, LLC | $8,125,987 | 124,517 | 0.31% | Shares |
| PZENA INVESTMENT MANAGEMENT LLC | $8,081,245 | 159,898 | 0.31% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $8,071,238 | 159,700 | 0.31% | Put option |
| BARCLAYS PLC | $7,984,259 | 157,979 | 0.31% | Shares |
| Legal & General Group Plc | $7,532,505 | 149,040 | 0.29% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $7,488,815 | 148,176 | 0.29% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $7,200,636 | 142,474 | 0.28% | Shares |
| Polar Capital Holdings Plc | $6,939,243 | 137,302 | 0.27% | Shares |
| Crossmark Global Holdings, Inc. | $6,808,949 | 134,724 | 0.26% | Shares |
| Defiance ETFs, LLC | $6,798,393 | 132,833 | 0.26% | Shares |
| GHP Investment Advisors, Inc. | $6,731,814 | 103,154 | 0.26% | Shares |
| Talaria Asset Management Pty Ltd | $6,595,470 | 130,500 | 0.25% | Shares |
| JANE STREET GROUP, LLC | $6,342,770 | 125,500 | 0.25% | Put option |
| CITADEL ADVISORS LLC | $6,297,284 | 124,600 | 0.24% | Put option |
| Brandywine Global Investment Management, LLC | $6,180,189 | 76,763 | 0.24% | Shares |
| Ruffer LLP | $5,862,344 | 116,121 | 0.23% | Shares |
| MACKENZIE FINANCIAL CORP | $5,558,086 | 109,974 | 0.21% | Shares |
| GLENMEDE TRUST CO NA | $5,529,733 | 109,413 | 0.21% | Shares |
| UBS Group AG | $5,507,698 | 108,977 | 0.21% | Shares |
| Aberdeen Group plc | $5,480,962 | 108,448 | 0.21% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $5,478,789 | 108,405 | 0.21% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $5,390,040 | 106,649 | 0.21% | Shares |
| OAK ASSOCIATES LTD /OH/ | $5,347,738 | 105,812 | 0.21% | Shares |
| Y-Intercept (Hong Kong) Ltd | $5,215,374 | 103,193 | 0.20% | Shares |
| MARTIN & CO INC /TN/ | $5,134,461 | 101,592 | 0.20% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $5,033,430 | 99,593 | 0.19% | Shares |
| DIVERSIFIED TRUST CO | $5,015,943 | 99,247 | 0.19% | Shares |
| FRANKLIN RESOURCES INC | $5,015,539 | 99,239 | 0.19% | Shares |
| ALLIANCEBERNSTEIN L.P. | $4,917,210 | 75,348 | 0.19% | Shares |
| BRANDES INVESTMENT PARTNERS, LP | $4,857,096 | 96,104 | 0.19% | Shares |
| XTX Topco Ltd | $4,670,502 | 92,412 | 0.18% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,623,147 | 91,475 | 0.18% | Shares |
| Toroso Investments, LLC | $4,542,374 | 56,420 | 0.18% | Shares |
| AMERIPRISE FINANCIAL INC | $4,541,025 | 89,796 | 0.18% | Shares |
| Moran Wealth Management, LLC | $4,429,477 | 87,643 | 0.17% | Shares |
| TUDOR INVESTMENT CORP ET AL | $4,391,926 | 86,900 | 0.17% | Put option |
| Orion Portfolio Solutions, LLC | $4,348,761 | 47,527 | 0.17% | Shares |
| Oak Thistle LLC | $4,225,750 | 83,612 | 0.16% | Shares |
| EP Wealth Advisors, LLC | $4,117,563 | 81,471 | 0.16% | Shares |
| Hillsdale Investment Management Inc. | $4,007,316 | 79,290 | 0.15% | Shares |
| HSBC HOLDINGS PLC | $3,956,654 | 77,979 | 0.15% | Shares |
| D. E. Shaw & Co., Inc. | $3,927,868 | 77,718 | 0.15% | Shares |
| WASATCH ADVISORS LP | $3,899,742 | 59,757 | 0.15% | Shares |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $3,879,707 | 59,450 | 0.15% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $3,874,194 | 76,656 | 0.15% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $3,781,882 | 57,951 | 0.15% | Shares |
| DEAN INVESTMENT ASSOCIATES, LLC | $3,780,897 | 74,810 | 0.15% | Shares |
| Kingsview Wealth Management, LLC | $3,629,919 | 71,823 | 0.14% | Shares |
Company insiders 1 insider · 1 officers · 1 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Shimie Hortig | Director, President and Chief Executive Officer | May 13, 2026 A | 181,696 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 18 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| AT&T Inc. (formerly known as SBC Communications Inc.), AT&T International, Inc. (formerly known as SBC International, Inc.), AT&T Option Delivery, LLC (formerly known as SBC Option Delivery L.L.C.) ×2 filings | Aug. 27, 2009 | — | Initial filing | — | SEC |
| AT&T Inc. (formerly known as SBC Communications Inc.) S.S. OR, AT&T International, Inc. (formerly known as SBC International, Inc.) S.S. OR, AT&T Option Delivery, LLC. (formerly known as SBC Option Delivery L.L.C.) S.S. OR | March 21, 2007 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 3, 2005 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Dec. 28, 2004 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Sept. 27, 2004 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | June 17, 2004 | — | Initial filing | — | SEC |
| Undisclosed reporting person | Sept. 25, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Aug. 1, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 14, 2002 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Sept. 9, 2002 | — | Initial filing | — | SEC |
| Aug. 8, 2002 | — | Initial filing | — | SEC | |
| July 15, 2002 | — | Initial filing | Passive investment | SEC | |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Jan. 31, 2002 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Dec. 7, 2001 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Dec. 7, 2001 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 54 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| MDPL · Northern Lights Fund Trust IV | 3.36% | 32,489 NS | May 31, 2026 | N-PORT |
| PID · Invesco Exchange-Traded Fund Trust | 1.81% | 285,159 SH | Aug. 19, 2026 | Daily |
| RUNN · Strategic Trust | 1.70% | 93,448 NS | May 31, 2026 | N-PORT |
| OUSM · ALPS ETF Trust | 1.49% | 207,341 NS | May 31, 2026 | N-PORT |
| AUSF · Global X Funds | 1.48% | 199,480 NS | May 31, 2026 | N-PORT |
| VALQ · AMERICAN CENTURY ETF TRUST | 1.22% | 67,267 NS | May 31, 2026 | N-PORT |
| FLOW · Global X Funds | 0.40% | 1,823 NS | May 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.26% | 540,814 NS | April 30, 2026 | N-PORT |
| LSVD · ADVISORS' INNER CIRCLE FUND | 0.21% | 19,432 NS | April 30, 2026 | N-PORT |
| VFMF · VANGUARD WELLINGTON FUND | 0.19% | 27,123 SH | Aug. 19, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.18% | 30,877 SH | Aug. 19, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.11% | 242,436 NS | April 30, 2026 | N-PORT |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.10% | 133,000 | Aug. 19, 2026 | Daily |
| SMMD · iShares Trust | 0.08% | 53,874 SH | Aug. 19, 2026 | Daily |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.07% | 4,359 NS | May 31, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.07% | 75,975 NS | April 30, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.06% | 9,040 SH | Aug. 19, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.06% | 3,609 NS | April 30, 2026 | N-PORT |
| IWS · iShares Trust | 0.06% | 158,104 SH | Aug. 19, 2026 | Daily |
| IWR · iShares Trust | 0.04% | 432,059 SH | Aug. 19, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.04% | 88,751 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.04% | 4,267 NS | May 31, 2026 | N-PORT |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.03% | 5,434 SH | Aug. 19, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.03% | 53,829 SH | Aug. 19, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.03% | 213,444 NS | April 30, 2026 | N-PORT |
| IYW · iShares Trust | 0.03% | 132,003 SH | Aug. 19, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.03% | 9,542 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.02% | 10,265 NS | April 30, 2026 | N-PORT |
| VFMV · VANGUARD WELLINGTON FUND | 0.02% | 1,602 SH | Aug. 19, 2026 | Daily |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.02% | 607,725 SH | Aug. 19, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.02% | 424,533 SH | Aug. 19, 2026 | Daily |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.02% | 1,340 NS | May 31, 2026 | N-PORT |
| IWD · iShares Trust | 0.02% | 235,297 SH | Aug. 19, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.01% | 24,560 NS | April 30, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.01% | 9,811 SH | Aug. 19, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.01% | 31,479 NS | April 30, 2026 | N-PORT |
| ONOF · Global X Funds | 0.01% | 231 NS | May 31, 2026 | N-PORT |
| AVLC · AMERICAN CENTURY ETF TRUST | 0.01% | 2,027 NS | May 31, 2026 | N-PORT |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.01% | 17,703 SH | Aug. 19, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 63,888 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 8,968 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 23,846 SH | Aug. 19, 2026 | Daily |
| GXLC · Global X Funds | 0.01% | 7 NS | May 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.01% | 4,890 SH | Aug. 19, 2026 | Daily |
| IWV · iShares Trust | 0.01% | 31,323 SH | Aug. 19, 2026 | Daily |
| IWB · iShares Trust | 0.01% | 72,655 SH | Aug. 19, 2026 | Daily |
| MSLC · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 4,164 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.01% | 12,720 NS | May 31, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.00% | 959 NS | April 30, 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 76,656 SH | Aug. 19, 2026 | Daily |