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Fixed Income / 
Dimensional Retirement Fixed Income Fund II (I)

 

Inception DateTicker SymbolCUSIP Number
May 16, 2012DRFIX25239Y709
The investment objective of the Dimensional Retirement Fixed Income Fund II is to seek to provide total return consistent with inflation protected instruments. Total return is comprised of income and capital appreciation. The Fund seeks to achieve exposure to a universe of fixed income securities that includes inflation-protected and non-inflation protected securities by primarily purchasing shares of the DFA Inflation-Protected Securities Portfolio, the DFA One-Year Fixed Income Portfolio, and the Dimensional Retirement Fixed Income Fund III. The Fund also has the ability to invest directly in securities. The Fund ordinarily will have an average weighted maturity of three to twelve years.

For a full description, please consult the Portfolio's prospectus.
Prices
Updated Daily
DateClosing PriceNAV Change$NAV Change %
April 15, 2014$9.32$0.020.22%
Updated Monthly
DateTotal Net Assets
March 31, 2014$1,104,470.81
Performance
Updated Daily
Total Returns Year-to-Date
April 15, 2014 2.76%
Updated Monthly
Total Returns One Month Three Month Year-to-Date
March 31, 2014 -0.75% 1.76% 1.76%
Updated Monthly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
March 31, 2014 -7.02% -- -- -2.68%
Updated Quarterly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of March 31, 2014 -7.02% -- -- -2.68%
Annual ExpensesNet Expense Ratio (to investor)Total Operating Expense Ratio
 0.40%17.48%
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$0.0190 USD12/11/201312/12/201312/13/2013$9.11 USD
Long-Term Gain$0.0020 USD12/11/201312/12/201312/13/2013$9.11 USD
Dividend$0.0210 USD09/9/201309/10/201309/11/2013$8.99 USD
Dividend$0.0540 USD06/7/201306/10/201306/11/2013$9.49 USD
Top Holdings (1 Total)
As of March 31, 2014% of portfolio
TSY INFL IX N/B 1.875000% 07/15/20190.10
TSY INFL IX N/B 2.125000% 01/15/20190.09
TSY INFL IX N/B 1.250000% 07/15/20200.07
TSY INFL IX N/B 1.375000% 07/15/20180.07
TSY INFL IX N/B .125000% 01/15/20230.06
TSY INFL IX N/B .625000% 07/15/20210.06
TSY INFL IX N/B 1.375000% 01/15/20200.06
TSY INFL IX N/B 3.625000% 04/15/20280.05
TSY INFL IX N/B 3.875000% 04/15/20290.05
TSY INFL IX N/B 2.375000% 01/15/20250.04
TSY INFL IX N/B 1.125000% 01/15/20210.04
TSY INFL IX N/B 2.000000% 01/15/20260.04
TSY INFL IX N/B 2.375000% 01/15/20270.04
TSY INFL IX N/B 1.625000% 01/15/20180.04
TSY INFL IX N/B 2.500000% 01/15/20290.03
TSY INFL IX N/B .125000% 01/15/20220.03
TSY INFL IX N/B 1.750000% 01/15/20280.02
TSY INFL IX N/B .125000% 07/15/20220.02
TSY INFL IX N/B .375000% 07/15/20230.01
TSY INFL IX N/B 3.375000% 04/15/20320.01
Total0.92
Sector Allocations
As of March 31, 2014% of portfolio
Financials 0.0
Total0.00
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).

Interest Rate Risk
Fixed income securities are subject to interest rate risk because the prices of fixed income securities tend to move in the opposite direction of interest rates. In general, fixed income securities with longer maturities are more sensitive to these price changes.

Inflation-Protected Securities Interest Rate Risk
Inflation-protected securities may react differently from other fixed income securities to changes in interest rates. Because interest rates on inflation-protected securities are adjusted for inflation, the values of these securities are not materially affected by inflation expectations. Therefore, the value of inflation-protected securities are anticipated to change in response to changes in "real" interest rates, which represent nominal (stated) interest rates reduced by the expected impact of inflation. Generally, the value of an inflation-protected security will fall when real interest rates rise and will rise when real interest rates fall.

Credit Risk
Credit risk is the risk that the issuer of a security may be unable to make interest payments and/or repay principal when due. A downgrade to an issuer's credit rating or a perceived change in an issuer's financial strength may affect a security's value, and thus, impact a fund's performance. Credit risk is greater for fixed income securities with ratings below investment grade. Fixed income securities that are below investment grade involve high credit risk and are considered speculative. Below-investment grade fixed income securities may also fluctuate in value more than higher-quality fixed income securities.

Risk of Investing for Inflation Protection
Because the interest and/or principal payments on an inflation-protected security are adjusted periodically for changes in inflation, the income distributed by the fund may be irregular. In a period of sustained deflation, the inflation-protected securities held by the fund may not pay any income and may suffer a loss. While inflation-protected securities are expected to be protected from long-term inflationary trends, short-term increases in inflation may lead to a decline in the fund's value. If interest rates rise due to reasons other than inflation, the fund's investment in these securities may not be protected to the extent that the increase is not reflected in the securities' inflation measures. In addition, positive adjustments to principal generally will result in taxable income to the fund at the time of such adjustments, even though the principal amount is not paid until maturity. The current market value of inflation-protected securities is not guaranteed and will fluctuate.

Income Risk
Income risk is the risk that falling interest rates will cause the fund's income to decline.

Derivatives Risk
Derivatives can be used for hedging (attempting to reduce risk by offsetting one investment position with another) or non-hedging purposes. While hedging can reduce or eliminate losses, it also can reduce or eliminate gains. The use of derivatives for non-hedging purposes may be considered more speculative than other types of investments. When the Portfolio uses derivatives, the Portfolio will be directly exposed to the risks of those derivatives. Derivative securities are subject to a number of risks, including commodity, correlation, interest rate, liquidity, market, credit and management risks, and the risk of improper valuation. The Portfolio also may use derivatives for leverage. The Portfolio's use of derivatives, particularly commodity-linked derivatives, involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Changes in the value of a derivative may not correlate perfectly with the underlying asset, rate, or index, and the Portfolio could lose more than the principal amount invested. For example, potential losses from commodity-linked notes or swap agreements can be unlimited. Additional risks are associated with the use of credit default swaps, including counterparty and credit risk (the risk that the other party to a swap agreement will not fulfill its contractual obligations, whether because of bankruptcy or other default) and liquidity risk (the possible lack of a secondary market for the swap agreement). Also, suitable derivative transactions may not be available in all circumstances and there can be no assurance that the Portfolio will engage in these transactions to reduce exposure to other risks when that would be beneficial.

Fund of Funds Risk
The investment performance of each Portfolio is affected by the investment performance of the Underlying Funds in which the Portfolio invests. The ability of a Portfolio to achieve its investment objective depends on the ability of the Underlying Funds to meet their investment objectives and on the Advisor's decisions regarding the allocation of the Portfolio's assets among the Underlying Funds. There can be no assurance that the investment objective of any Portfolio or Underlying Fund will be achieved. Through their investments in the Underlying Funds, the Portfolios are subject to the risks of the Underlying Funds investments. The risks of the Underlying Funds may include Market Risk, Small Company Risk, Risks of Concentrating in the Real Estate Industry, Emerging Markets Risk, Interest Rate Risk, Credit Risk, and Risks of Banking Concentration. For more details regarding these risks, please see the DIG Global Portfolios Prospectus.

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.

Foreign Government Debt Risk
The risk that: (a) the governmental entity that controls the repayment of government debt may not be willing or able to repay the principal and/or to pay the interest when it becomes due, due to factors such as political considerations, the relative size of the governmental entity’s debt position in relation to the economy, cash flow problems, insufficient foreign currency reserves, the failure to put in place economic reforms required by the International Monetary Fund or other multilateral agencies, and/or other national economic factors; (b) governments may default on their debt securities, which may require holders of such securities to participate in debt rescheduling; and (c) there is no legal or bankruptcy process by which defaulted government debt may be collected in whole or in part.


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.