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Intl. Value ex Tobacco Portfolio

 

Inception DateTicker SymbolCUSIP Number
June 30, 2008DFVLX23320G547
The International Value ex Tobacco Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio seeks to achieve its investment objective by purchasing the stocks of large non-US companies that Dimensional determines to be value stocks at the time of the purchase, while excluding securities of tobacco companies based upon the Portfolio's social issue screen. Securities are considered value stocks primarily because a company's shares have a high book value in relation to its market value. In assessing value, additional factors such as price-to-cash-flow or price-to-earnings ratios may be considered, as well as economic conditions and developments in the issuer's industry. The criteria for assessing value are subject to change from time to time. The Portfolio currently may invest in companies in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.

For a full description, please consult the Portfolio's prospectus.
Prices
Updated Daily
DateClosing PriceNAV Change$NAV Change %
April 22, 2014$9.93$0.060.61%
Updated Monthly
DateTotal Net Assets
March 31, 2014$78,012,248.53
Performance
Updated Daily
Total Returns Year-to-Date
April 22, 2014 2.36%
Updated Monthly
Total Returns One Month Three Month Year-to-Date
March 31, 2014 -0.59% 1.33% 1.33%
Updated Monthly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
March 31, 2014 21.93% 17.00% -- 2.78%
Updated Quarterly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of March 31, 2014 21.93% 17.00% -- 2.78%
Annual ExpensesNet Expense Ratio (to investor)Total Operating Expense Ratio
 0.60%0.56%
Operating Expense ratio as of 10/31/2013. The net expense ratio takes into account contractual management fee waivers/caps and expense assumption agreements that are in effect through 2/28/2015. The fund's prospectus contains more information on fees and expenses.
Performance data shown represents past performance and is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent month-end, visit www.dimensional.com.
Distributions
Last 12 Months
TypeAmount per ShareRecord DateEx-dividend DatePayable DateEx-dividend Price
Dividend$0.1309 USD03/7/201403/10/201403/11/2014$9.85 USD
Dividend$0.0470 USD12/11/201312/12/201312/13/2013$9.33 USD
Long-Term Gain$0.0490 USD12/11/201312/12/201312/13/2013$9.33 USD
Dividend$0.0360 USD09/9/201309/10/201309/11/2013$9.27 USD
Dividend$0.1500 USD06/7/201306/10/201306/11/2013$8.60 USD
Top Holdings (402 Total)
As of March 31, 2014% of portfolio
BP PLC4.22
Royal Dutch Shell PLC3.73
Daimler AG2.37
Novartis AG2.17
Mitsubishi UFJ Financial 1.84
BNP Paribas SA1.58
HSBC Holdings PLC1.48
Suncor Energy Inc1.47
Swiss Re AG1.46
Vivendi SA1.36
GDF Suez1.32
AXA SA1.29
Barclays PLC1.29
Zurich Insurance Group AG1.27
Vodafone Group PLC1.24
ING Groep NV1.20
Credit Suisse Group AG1.18
Allianz SE1.10
UBS AG1.10
Canadian Natural Resource1.10
Total33.76
Sector Allocations
As of March 31, 2014% of portfolio
Financials 35.5
Energy 14.6
Materials 10.8
Consumer Discretionary 9.8
Industrials 9.5
Telecommunication Services 4.8
Consumer Staples 4.1
Utilities 4.1
Information Technology 3.6
Health Care 3.1
REITs 0.0
Total100.00
Sectors defined by MSCI
Market Risk
Even a long-term investment approach cannot guarantee a profit. Economic, political, and issuer-specific events will cause the value of securities, and the funds that own them, to rise or fall. Because the value of your investment in a fund will fluctuate, there is a risk that you will lose money.

Foreign Securities and Currencies Risk
Foreign securities prices may decline or fluctuate because of: (a) economic or political actions of foreign governments, and/or (b) less regulated or liquid securities markets. Investors holding these securities are also exposed to foreign currency risk (the possibility that foreign currency will fluctuate in value against the US dollar).

Social Investment Risk
Social issue screens may limit the number of investment opportunities available; and as a result, at times, investors may experience more modest gains than when investing in a fund not subject to such special investment conditions.

Securities Lending Risk
Securities lending involves the risk that the borrower may fail to return the securities in a timely manner or at all. As a result, an Underlying Fund may lose money and there may be a delay in recovering the loaned securities. An Underlying Fund could also lose money if it does not recover the securities and/or the value of the collateral falls, including the value of investments made with cash collateral. Securities lending also may have certain adverse tax consequences. To the extent that the Portfolio holds securities directly and lends those securities, it will be also subject to the foregoing risks with respect to its loaned securities.

Value Investment Risk
Value stocks may perform differently from the market as a whole and following a value-oriented investment strategy may cause the Portfolio to at times underperform equity funds that use other investment strategies.

Social Investment Risk
The DFA International Value ex Tobacco Portfolio's social issue screen may limit the number of investment opportunities available to the Portfolio, and as a result, at times the Portfolio may produce different returns than funds that are not subject to such special investment conditions. For example, the Portfolio may decline to purchase certain securities when it is otherwise advantageous to do so, or the Portfolio may sell certain securities for social reasons when it is otherwise disadvantageous to do so.


Dimensional Fund Advisors is an investment advisor registered with the Securities and Exchange Commission. Consider the investment objectives, risks, and charges and expenses of the Dimensional funds carefully before investing. For this and other information about the Dimensional funds, please read the prospectus carefully before investing. Prospectuses are available by calling Dimensional Fund Advisors collect at (512) 306-7400 or at www.dimensional.com.

Mutual funds distributed by DFA Securities LLC.

These Net Asset Values ("NAVs") have been prepared by the fund accounting agent. Dimensional Fund Advisors reserves the right to restate these NAV figures, if necessary, at any time.

Top Holdings data provided by State Street.