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VA US Large Value Portfolio

 

Inception DateCUSIP Number
January 12, 1995233203777
The VA US Large Value Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The portfolio, using a market capitalization weighted approach, seeks to capture the returns and diversification benefits of a broad cross-section of large cap US companies that Dimensional believes to be value stocks at the time of purchase. The portfolio invests in securities with market capitalizations within the largest 90% of the market universe or larger 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 of companies listed on the New York Stock Exchange, NYSE MKT LLC, Nasdaq Global Market® or such other securities exchanges deemed appropriate by Dimensional. After identifying the aggregate market capitalization break, a value screen is applied to the universe. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value (BtM). The portfolio is available only to insurance company separate accounts funding variable life and variable annuity insurance contracts.

For a full description, please consult the Portfolio's prospectus.

The portfolio is available only to insurance company separate accounts funding variable life and variable annuity insurance contracts.

Prices
Updated Daily
DateClosing PriceNAV Change$NAV Change %
September 19, 2014$24.03$-0.05-0.21%
Updated Monthly
DateTotal Net Assets
August 29, 2014$260,177,800.67
Performance
Updated Daily
Total Returns Year-to-Date
September 19, 2014 9.83%
Updated Monthly
Total Returns One Month Three Month Year-to-Date
August 31, 2014 3.18% 5.07% 9.83%
Updated Monthly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
August 31, 2014 27.27% 18.95% 9.74% 9.95%
Updated Quarterly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of June 30, 2014 28.21% 22.20% 9.09% 9.92%
Annual ExpensesNet Expense Ratio (to investor)Total Operating Expense Ratio
 0.28%0.28%
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
Long-Term Gain$1.8530 USD12/10/201312/11/201312/12/2013$20.98 USD
Dividend$0.3240 USD12/10/201312/11/201312/12/2013$20.98 USD
Top Holdings (265 Total)
As of August 31, 2014Weight
Comcast Corp3.69
Chevron Corp3.67
Pfizer Inc3.58
AT&T Inc3.33
JPMorgan Chase & Co3.21
ConocoPhillips2.99
CVS Caremark Corp2.93
General Electric Co2.61
Time Warner Inc2.13
Hewlett-Packard Co1.97
Intel Corp1.66
Anadarko Petroleum Corp1.59
Occidental Petroleum Corp1.55
Time Warner Cable Inc1.46
Bank of America Corp1.41
Phillips 661.38
Citigroup Inc1.30
Express Scripts Holding C1.29
Exxon Mobil Corp1.27
Mondelez International In1.19
Total44.21
Sector Allocations
As of August 31, 2014% of portfolio
Energy 23.2
Financials 19.1
Consumer Discretionary 12.2
Industrials 11.2
Health Care 10.4
Information Technology 9.0
Consumer Staples 6.3
Telecommunication Services 4.3
Materials 3.9
Utilities 0.3
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.

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.

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.


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.