Institutional Manager · CIK 0001846236

True Link Financial Advisors, LLC

SAN FRANCISCO, CA · File #028-20832

Latest AUM

$1.65B

Positions

114

Top-10 Concentration

86.6%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF	464287150	-289,397	-$43.0M	+$3.2M
NEW	ISHARES CORE INTERNATIONAL AGGREGATE BOND ETF	46435G672	+660,056	+$33.0M	$0
ADD	ISHARES MSCI USA QUALITY FACTOR ETF	46432F339	+158,143	+$31.4M	+$667,196
REDUCE	SCHWAB US DIVIDEND EQUITY ETF	808524797	-1,122,768	-$30.8M	+$153,294
REDUCE	VANGUARD TOTAL INTERNATIONAL BOND ETF	92203J407	-626,196	-$30.3M	-$721,598
ADD	VANGUARD DIVIDEND APPRECIATION ETF	921908844	+135,391	+$29.8M	+$541,017
ADD	VANGUARD INTERMEDIATE-TERM BOND ETF	921937819	+373,290	+$29.1M	-$1.0M
NEW	DIMENSIONAL U.S. SMALL CAP ETF	25434V500	+208,580	+$14.5M	$0
ADD	DIMENSIONAL CORE FIXED INCOME ETF	25434V872	+287,716	+$12.2M	-$682,626
ADD	VANGUARD SHORT-TERM BOND ETF	921937827	+150,940	+$11.9M	-$223,862

Sector Allocation

0.4%$6.6M

0.4%$6.2M

0.2%$3.3M

0.1%$1.4M

Consumer Discretionary

0.1%$1.0M

Consumer Staples

0.0%$709,898

Energy

0.0%$568,689

Communication Services

0.0%$356,449

Filing History

Jan 29, 202613F HOLDINGS REPORTQ/E Dec 2025114 pos · $1.65B
Nov 6, 202513F HOLDINGS REPORTQ/E Sep 202592 pos · $1.55B
Jul 24, 202513F HOLDINGS REPORTQ/E Jun 202587 pos · $1.45B
Apr 21, 202513F HOLDINGS REPORTQ/E Mar 202594 pos · $1.34B
Jan 16, 202513F HOLDINGS REPORTQ/E Dec 202473 pos · $1.19B
Oct 25, 202413F HOLDINGS REPORTQ/E Sep 202466 pos · $1.18B
Jul 12, 202413F HOLDINGS REPORTQ/E Jun 202464 pos · $1.08B
Apr 19, 202413F HOLDINGS REPORTQ/E Mar 202463 pos · $1.04B
Oct 30, 202313F HOLDINGS REPORTQ/E Dec 2023103 pos · $833.6M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD INTERMEDIATE-TERM BOND ETF	921937819	5,225,541	$407.0M	25.04%
2	ISHARES CORE S&P 500 ETF	464287200	303,938	$208.2M	12.81%
3	VANGUARD SHORT-TERM BOND ETF	921937827	2,389,566	$188.3M	11.59%
4	DIMENSIONAL CORE FIXED INCOME ETF	25434V872	3,700,845	$157.5M	9.69%
5	ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF	464287150	776,394	$115.4M	7.10%
6	ISHARES CORE MSCI EAFE ETF	46432F842	863,260	$77.2M	4.75%
7	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF	922020805	1,452,626	$71.8M	4.42%
8	ISHARES MSCI USA QUALITY FACTOR ETF	46432F339	320,084	$63.6M	3.91%
9	VANGUARD DIVIDEND APPRECIATION ETF	921908844	270,984	$59.6M	3.67%
10	DIMENSIONAL EMERGING CORE EQUITY MARKET ETF	25434V302	1,778,830	$57.9M	3.57%
11	DIMENSIONAL INTERNATIONAL VALUE ETF	25434V807	1,147,531	$57.3M	3.52%
12	ISHARES TRUST ISHARES 0-1 YEAR TREASURY BOND ETF	464288679	382,565	$42.1M	2.59%
13	ISHARES CORE INTERNATIONAL AGGREGATE BOND ETF	46435G672	660,056	$33.0M	2.03%
14	DIMENSIONAL U.S. SMALL CAP ETF	25434V500	208,580	$14.5M	0.89%
15	ISHARES CORE MSCI EUROPE ETF	46434V738	127,792	$9.1M	0.56%
16	ISHARES RUSSELL 1000 GROWTH ETF	464287614	10,579	$5.0M	0.31%
17	VANGUARD INTERMEDIATE-TERM TREASURY ETF	92206C706	71,443	$4.3M	0.26%
18	ISHARES MSCI EAFE ETF	464287465	39,887	$3.8M	0.24%
19	WISDOMTREE U.S. LARGECAP DIVIDEND FUND	WT	38,623	$3.4M	0.21%
20	ISHARES 0-3 MONTH TREASURY BOND ETF	46436E718	32,549	$3.3M	0.20%