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Tax-Mgd. US Small Cap Portfolio

 

Inception DateTicker SymbolCUSIP Number
December 15, 1998DFTSX233203553
The Tax-Managed US Small Cap Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation while minimizing federal income taxes on returns. The portfolio invests in securities of US companies whose market capitalizations are generally in the lowest 10% of the market universe or smaller than the 1,000th largest US company, whichever results in a higher market capitalization break. Dimensional may modify market capitalization weights and even exclude companies after considering such factors as free float, momentum, trading strategies, liquidity management, and expected profitability. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets. The market universe is comprised primarily of companies listed on the New York Stock Exchange, NYSE MKT LLC, Nasdaq Global Market® or such other securities exchanges deemed appropriate by Dimensional. Generally, Dimensional buys and sells securities for the portfolio with the goals of: (i) delaying and minimizing the realization of net capital gains (e.g., selling stocks with capital losses to offset gains, realized or anticipated); and (ii) maximizing the extent to which any realized net capital gains are long-term in nature (i.e., taxable at lower capital gains tax rates).

For a full description, please consult the Portfolio's prospectus.
Prices
Updated Daily
DateClosing PriceNAV Change$NAV Change %
August 29, 2014$36.90$0.220.60%
Updated Monthly
DateTotal Net Assets
July 31, 2014$1,981,802,855.35
Performance
Updated Daily
Total Returns Year-to-Date
August 29, 2014 0.72%
Updated Monthly
Total Returns One Month Three Month Year-to-Date
July 31, 2014 -5.91% -1.39% -3.92%
Updated Monthly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
July 31, 2014 9.46% 17.61% 8.71% 9.59%
Updated Quarterly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of June 30, 2014 25.01% 21.22% 8.55% 10.07%
Annual ExpensesNet Expense Ratio (to investor)Total Operating Expense Ratio
 0.52%0.52%
Operating Expense ratios as of 10/31/2013. 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$0.0651 USD06/6/201406/9/201406/10/2014$37.16 USD
Dividend$0.0317 USD03/7/201403/10/201403/11/2014$37.43 USD
Dividend$0.1080 USD12/11/201312/12/201312/13/2013$34.82 USD
Dividend$0.0580 USD09/9/201309/10/201309/11/2013$32.60 USD
Top Holdings (1947 Total)
As of July 31, 2014Weight
Western Refining Inc0.38
Avis Budget Group Inc0.37
AMERCO0.34
ARRIS Group Inc0.30
PacWest Bancorp0.28
CNO Financial Group Inc0.28
Esterline Technologies Co0.26
PolyOne Corp0.25
Pilgrim's Pride Corp0.24
Lithia Motors Inc0.23
TriQuint Semiconductor In0.23
KapStone Paper and Packag0.23
Iconix Brand Group Inc0.22
Investors Bancorp Inc0.22
Cathay General Bancorp0.21
Webster Financial Corp0.21
SYNNEX Corp0.21
Radian Group Inc0.21
Carrizo Oil & Gas Inc0.21
EnerSys0.21
Total5.07
Sector Allocations
As of July 31, 2014% of portfolio
Financials 19.2
Industrials 17.9
Information Technology 17.6
Consumer Discretionary 16.2
Health Care 9.4
Energy 6.0
Materials 5.7
Consumer Staples 4.2
Utilities 2.9
Telecommunication Services 0.9
REITs 0.1
Other 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.

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.