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I believe Dimensional and presumably Avantis "index" funds wait 1 year before purchasing IPOs. They're kind of un-indexed index funds where they mostly behave like index funds but they rebalance to match the index less often. This is what I heard from that one youtuber at least, and it seems reasonable. DFUS is the one that most index-like, whereas DCOR and DFAC have more and more tilts. I personally use DCOR, which is still pretty index-like but it looks like it under-weights inflated stuff like Tesla, which also makes me feel better.