# EDGAR Filing Document

**Accession Number:** 0001356249
**File Stem:** 0001420506-25-001768
**Filing Date:** 2025-8
**Character Count:** 12138
**Document Hash:** 1dc64e0e637cf837e3be5349212c3f84
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-25-001768.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001420506-25-001768

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**EFFECTIVENESS DATE**: 20250807

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fund Evaluation Group, LLC
- **CENTRAL INDEX KEY:** 0001356249

**ORGANIZATION NAME:**
- **EIN:** 010694771
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11872
- **FILM NUMBER:** 251193438

**BUSINESS ADDRESS:**
- **STREET 1:** 201 EAST FIFTH STREET, SUITE 1600
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202
- **BUSINESS PHONE:** 513-977-4400

**MAIL ADDRESS:**
- **STREET 1:** 201 EAST FIFTH STREET, SUITE 1600
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Fund Evaluation Group LLC<br>**Address:** 201 EAST FIFTH STREET SUITE 1600<br>CINCINNATI, OH 45202

**Form 13F File Number:** 028-11872

**CRD Number (if applicable):** 000121658

**SEC File Number (if applicable):** 801-61324

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Julie T. Thomas<br>**Title:** Chief Compliance Manager<br>**Phone:** 513-977-4400

**Signature, Place, and Date of Signing:**

Julie T. Thomas Chief Compliance Manager  Cincinnati, OH  8-7-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 79

**Form 13F Information Table Value Total:** $2586877374

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABRDN ETFS | BBRG ALL COMD K1 | 003261104 |  | 431725 | 20786 | SH |  | SOLE |  | 20786 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 224810 | 1228 | SH |  | SOLE |  | 1228 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 9742623 | 145369 | SH |  | SOLE |  | 145368 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 2519217 | 58819 | SH |  | SOLE |  | 58818 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTERNATIONAL | 25434V690 |  | 533375 | 13534 | SH |  | SOLE |  | 13534 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 225650 | 3769 | SH |  | SOLE |  | 3769 | 0 | 0 |
| GLOBAL X FDS | S 500 CATHOLIC | 37954Y889 |  | 35919708 | 476073 | SH |  | SOLE |  | 476073 | 0 | 0 |
| GLOBAL X FDS | S EX US ETF | 37954Y368 |  | 4911673 | 143029 | SH |  | SOLE |  | 143029 | 0 | 0 |
| INVESCO DB COMMDY INDX TRCK | UNIT | 46138B103 |  | 5467571 | 250691 | SH |  | SOLE |  | 250691 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 526683 | 2898 | SH |  | SOLE |  | 2898 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 |  | 532687 | 12602 | SH |  | SOLE |  | 12602 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 |  | 571576 | 8021 | SH |  | SOLE |  | 8021 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 255302 | 4094 | SH |  | SOLE |  | 4094 | 0 | 0 |
| ISHARES TR | ESG OPTIMIZED | 464288802 |  | 15715446 | 124086 | SH |  | SOLE |  | 124086 | 0 | 0 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 2205419 | 36190 | SH |  | SOLE |  | 36190 | 0 | 0 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 11746105 | 131697 | SH |  | SOLE |  | 131697 | 0 | 0 |
| ISHARES TR | CRE U S REIT ETF | 464288521 |  | 4600138 | 81332 | SH |  | SOLE |  | 81332 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 935890 | 8505 | SH |  | SOLE |  | 8505 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 328963 | 3010 | SH |  | SOLE |  | 3010 | 0 | 0 |
| ISHARES TR | ESG AWR US AGRGT | 46435U549 |  | 1261997 | 26546 | SH |  | SOLE |  | 26546 | 0 | 0 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 603120 | 5385 | SH |  | SOLE |  | 5385 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 9459370 | 43836 | SH |  | SOLE |  | 43836 | 0 | 0 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 309277928 | 13458570 | SH |  | SOLE |  | 13458569 | 0 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 151323779 | 1957364 | SH |  | SOLE |  | 1957363 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 229236 | 2746 | SH |  | SOLE |  | 2746 | 0 | 0 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 28155922 | 254989 | SH |  | SOLE |  | 254989 | 0 | 0 |
| ISHARES TR | 10+ YR INVST GRD | 464289511 |  | 10153366 | 202218 | SH |  | SOLE |  | 202218 | 0 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 9335616 | 32658 | SH |  | SOLE |  | 32658 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 13796972 | 150016 | SH |  | SOLE |  | 150016 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 313353 | 1714 | SH |  | SOLE |  | 1714 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 4278916 | 21896 | SH |  | SOLE |  | 21896 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 949543968 | 1529303 | SH |  | SOLE |  | 1529302 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 2049095 | 21396 | SH |  | SOLE |  | 21396 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 18402233 | 185506 | SH |  | SOLE |  | 185506 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 10869400 | 123166 | SH |  | SOLE |  | 123166 | 0 | 0 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 654974 | 5300 | SH |  | SOLE |  | 5300 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 15265310 | 43491 | SH |  | SOLE |  | 43490 | 0 | 0 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 329727 | 3560 | SH |  | SOLE |  | 3560 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 2373449 | 18456 | SH |  | SOLE |  | 18456 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 8280417 | 92645 | SH |  | SOLE |  | 92645 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 19993842 | 102939 | SH |  | SOLE |  | 102939 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 950551 | 1911 | SH |  | SOLE |  | 1911 | 0 | 0 |
| NUSHARES ETF TR | NUVEEN ESG LRGVL | 67092P300 |  | 8818198 | 210669 | SH |  | SOLE |  | 210669 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 106178074 | 4804438 | SH |  | SOLE |  | 4804437 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 179472182 | 7343379 | SH |  | SOLE |  | 7343378 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 268416238 | 9190023 | SH |  | SOLE |  | 9190022 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 27695208 | 918885 | SH |  | SOLE |  | 918885 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 808524888 |  | 6124910 | 143811 | SH |  | SOLE |  | 143811 | 0 | 0 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 18843887 | 772924 | SH |  | SOLE |  | 772924 | 0 | 0 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 20677267 | 775010 | SH |  | SOLE |  | 775010 | 0 | 0 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 |  | 810301 | 38294 | SH |  | SOLE |  | 38294 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 734448 | 27715 | SH |  | SOLE |  | 27715 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 23944323 | 562073 | SH |  | SOLE |  | 562073 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | SMLLCP 600 IDX | 921932828 |  | 1941591 | 19180 | SH |  | SOLE |  | 19180 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 5321903 | 72279 | SH |  | SOLE |  | 72279 | 0 | 0 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 9154658 | 118369 | SH |  | SOLE |  | 118369 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 760872 | 9668 | SH |  | SOLE |  | 9668 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1421331 | 4677 | SH |  | SOLE |  | 4676 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 2072360 | 23269 | SH |  | SOLE |  | 23269 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1247463 | 5264 | SH |  | SOLE |  | 5264 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 4275802 | 15280 | SH |  | SOLE |  | 15280 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 124054344 | 218394 | SH |  | SOLE |  | 218394 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 4904535 | 27750 | SH |  | SOLE |  | 27750 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 5593546 | 12759 | SH |  | SOLE |  | 12759 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 2977628 | 38421 | SH |  | SOLE |  | 38421 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 |  | 1829573 | 22263 | SH |  | SOLE |  | 22263 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1085548 | 21948 | SH |  | SOLE |  | 21948 | 0 | 0 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 40814464 | 811905 | SH |  | SOLE |  | 811905 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 530096 | 8863 | SH |  | SOLE |  | 8863 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 1887426 | 32110 | SH |  | SOLE |  | 32110 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 1591044 | 14570 | SH |  | SOLE |  | 14570 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 771561 | 16650 | SH |  | SOLE |  | 16650 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS3000IDX | 92206C599 |  | 37934343 | 139081 | SH |  | SOLE |  | 139081 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 909144 | 4442 | SH |  | SOLE |  | 4442 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 645809 | 11328 | SH |  | SOLE |  | 11328 | 0 | 0 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 |  | 560637 | 6221 | SH |  | SOLE |  | 6221 | 0 | 0 |
| VANGUARD WORLD FD | EXTENDED DUR | 921910709 |  | 1148475 | 17065 | SH |  | SOLE |  | 17065 | 0 | 0 |
| VANGUARD WORLD FD | ESG INTL STK ETF | 921910725 |  | 4720782 | 72073 | SH |  | SOLE |  | 72073 | 0 | 0 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 2710301 | 24720 | SH |  | SOLE |  | 24720 | 0 | 0 |

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