Documents

Returns (As of 06/30/21)(As of 06/30/21)

Performance is reported net of all advisory fees and includes reinvestment of dividends and other earnings. 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.  

Performance less than one year is not annualized.

Indices are not available for direct investment; therefore, their performance does not reflect the expenses associated with the management of an actual portfolio.

Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes.

Dimensional funds are distributed by DFA Securities LLC.

Certain Portfolios have entered into fee waiver and/or expense assumption arrangements with the Advisor. In these cases, the Advisor has contractually agreed, under certain circumstances, to waive certain fees and/or assume certain expenses of the Portfolio. Unless otherwise stated in the prospectus, the Advisor may amend or discontinue these arrangements at any time, one year from the date of the prospectus. The net expense ratio reflects the total annual fund operating expenses of the Portfolio after taking into account any such fee waiver and/or expense assumption arrangements. Please read the Portfolio's prospectus for details and more information.

Characteristics (As Of 06/30/21)

¹ The portfolio turnover rate presented is the portfolio turnover of the Master Fund.

Please note that a Portfolio that invests in other Portfolios typically does not hold securities directly. As such, "Top Holdings" information for such a Portfolio represents "Top Holdings" information of underlying Portfolios.

Holdings are subject to change.

Numbers may not total 100% due to rounding.

Portfolio Risks

Equity Market Risk: Even a long-term investment approach cannot guarantee a profit. Economic, market, political, and issuer-specific conditions and events will cause the value of equity securities, and the Portfolio that owns them, to rise or fall. Stock markets tend to move in cycles, with periods of rising prices and periods of falling prices.

Value Investment Risk: Value stocks may perform differently from the market as a whole and an investment strategy purchasing these securities may cause the Series to at times underperform equity funds that use other investment strategies. Value stocks can react differently to political, economic, and industry developments than the market as a whole and other types of stocks. Value stocks also may underperform the market for long periods of time.

Profitability Investment Risk: High relative profitability stocks may perform differently from the market as a whole and an investment strategy purchasing these securities may cause the Series to at times underperform equity funds that use other investment strategies.

Derivatives Risk: Derivatives are instruments, such as futures contracts, and options thereon, whose value is derived from that of other assets, rates or indices. The use of derivatives for non-hedging purposes may be considered to carry more risk than other types of investments. When the Series and the Portfolio use derivatives, the Portfolio will be directly exposed to the risks of those derivatives. Derivative instruments are subject to a number of risks including counterparty, liquidity, interest rate, market, credit and management risks, as well as the risk of improper valuation. 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.

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, the Series may lose money and there may be a delay in recovering the loaned securities. The Series 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.

Operational Risk: Operational risks include human error, changes in personnel, system changes, faults in communication, and failures in systems, technology, or processes. Various operational events or circumstances are outside the Advisor’s control, including instances at third parties. The Portfolio and the Advisor seek to reduce these operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate to address these risks.

Cyber Security Risk: The Portfolio’s and its service providers’ use of internet, technology and information systems may expose the Portfolio to potential risks linked to cyber security breaches of those technological or information systems. Cyber security breaches, amongst other things, could allow an unauthorized party to gain access to proprietary information, customer data, or fund assets, or cause the Portfolio and/or its service providers to suffer data corruption or lose operational functionality.

Distributions

Record Date	Ex-Date	Payable Date	Type	Rate per Share
03/27/18	03/28/18	03/29/18	Dividend	$0.16770
06/27/18	06/28/18	06/29/18	Dividend	$0.19030
09/26/18	09/27/18	09/28/18	Dividend	$0.19834
12/17/18	12/18/18	12/19/18	Dividend	$0.15886
12/17/18	12/18/18	12/19/18	Long-Term Capital Gain	$1.80169

Record Date	Ex-Date	Payable Date	Type	Rate per Share
03/27/19	03/28/19	03/29/19	Dividend	$0.17859
06/26/19	06/27/19	06/28/19	Dividend	$0.20342
09/26/19	09/27/19	09/30/19	Dividend	$0.21625
12/16/19	12/17/19	12/18/19	Long-Term Capital Gain	$0.81434
12/16/19	12/17/19	12/18/19	Dividend	$0.15003

Record Date	Ex-Date	Payable Date	Type	Rate per Share
03/27/20	03/30/20	03/31/20	Dividend	$0.20001
06/26/20	06/29/20	06/30/20	Dividend	$0.19437
09/28/20	09/29/20	09/30/20	Dividend	$0.18877
12/15/20	12/16/20	12/17/20	Dividend	$0.15727

Record Date	Ex-Date	Payable Date	Type	Rate per Share
03/29/21	03/30/21	03/31/21	Dividend	$0.16523
06/28/21	06/29/21	06/30/21	Dividend	$0.18822
09/28/21	09/29/21	09/30/21	—	—
12/14/21	12/15/21	12/16/21	—	—
12/29/21	12/30/21	12/31/21	—	—