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Tax-Mgd. US Mktwd. Value Portfolio II

 

Inception DateTicker SymbolCUSIP Number
December 16, 1998DFMVX25434D831
The Tax-Managed US Marketwide Value Portfolio II † is a no-load mutual fund designed to achieve long-term capital appreciation while minimizing federal income tax returns. The Portfolio is a feeder portfolio and pursues its objective by investing substantially all of its assets in the Master Fund, the Tax-Managed US Marketwide Value Series. Using a market cap weighted approach, the Master Fund invests in readily marketable securities of US companies whose size (market capitalization) falls within the range of total market capitalization and that Dimensional believes to be value stocks at the time of purchase. Total market capitalization is based on the market capitalization of US operating companies listed on the New York Stock Exchange, Nasdaq Global Market® or such other securities exchanges deemed appropriate by Dimensional. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their 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 seeks to maximize the after tax value of an investment by managing its portfolio in a manner that will defer the realization of net capital gains where possible and may attempt to reduce dividend income.

For a full description, please consult the Portfolio's prospectus.
Prices
Updated Daily
DateClosing PriceNAV Change$NAV Change %
April 15, 2014$22.67$0.140.62%
Updated Monthly
DateTotal Net Assets
March 31, 2014$1,388,427,863.23
Performance
Updated Daily
Total Returns Year-to-Date
April 15, 2014 -0.86%
Updated Monthly
Total Returns One Month Three Month Year-to-Date
March 31, 2014 1.50% 1.06% 1.06%
Updated Monthly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
March 31, 2014 24.98% 26.50% 9.05% 7.53%
Updated Quarterly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of March 31, 2014 24.98% 26.50% 9.05% 7.53%
Annual ExpensesNet Expense Ratio (to investor)Total Operating Expense Ratio
 0.23%0.23%
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$0.0733 USD03/7/201403/10/201403/11/2014$23.16 USD
Dividend$0.1000 USD12/11/201312/12/201312/13/2013$21.91 USD
Dividend$0.0760 USD09/9/201309/10/201309/11/2013$20.56 USD
Dividend$0.0810 USD06/7/201306/10/201306/11/2013$19.65 USD
Top Holdings (1225 Total)
As of March 31, 2014% of portfolio
Comcast Corp4.75
AT&T Inc3.00
General Electric Co2.74
Pfizer Inc2.67
ConocoPhillips2.62
CVS Caremark Corp2.38
Bank of America Corp2.37
Citigroup Inc2.25
Time Warner Inc2.11
Time Warner Cable Inc2.00
Union Pacific Corp1.75
Chevron Corp1.74
JPMorgan Chase & Co1.58
Mondelez International In1.51
Anadarko Petroleum Corp1.51
Phillips 661.43
Thermo Fisher Scientific 1.26
MetLife Inc1.25
Twenty-First Century Fox 1.23
Norfolk Southern Corp1.12
Total41.29
Sector Allocations
As of March 31, 2014% of portfolio
Financials 19.0
Consumer Discretionary 17.7
Energy 16.0
Industrials 14.4
Health Care 10.3
Consumer Staples 7.5
Information Technology 7.0
Telecommunication Services 4.5
Materials 3.3
Utilities 0.3
REITs 0.0
Other 0.0
Total100.00
Sectors defined by MSCI
† Portfolio restricted to specific institutional accounts.

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.

Small Company Risk
Securities of small companies are often less liquid than those of large companies. As a result, small company stocks may fluctuate relatively more in price. In general, small companies are also more vulnerable than larger companies to adverse business or economic developments and they may have more limited resources.

Tax Management Strategy Risk
Tax-management strategies may alter investment decisions and affect the portfolio holdings when compared to those of non-tax-managed mutual funds. Performance of the fund may deviate from that of non-tax-managed mutual funds.


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.