Please read the proxy materials carefully and sign and promptly return the enclosed voting instruction form(s)/proxy card(s) you receive regardless of the number of shares attributable to your Variable Contract.

ii

DFA INVESTMENT DIMENSIONS GROUP INC. 

VA U.S. Large Value Portfolio 

VA U.S. Targeted Value Portfolio 

VA International Value Portfolio 

VA International Small Portfolio 

VA Short-Term Fixed Portfolio 

VA Global Bond Portfolio 

VIT Inflation-Protected Securities Portfolio 

VA Global Moderate Allocation Portfolio 

VA Equity Allocation Portfolio

6300 Bee Cave Road, Building One, Austin, Texas 78746

DFA Investment Dimensions Group Inc.

Dimensional Investment Group Inc.

The DFA Investment Trust Company

Dimensional Emerging Markets Value Fund

Dimensional ETF Trust

PROXY STATEMENT

FOR JOINT SPECIAL MEETING OF SHAREHOLDERS

TO BE HELD ON DECEMBER 29, 2021

Table of Contents

PROXY STATEMENT

TABLE OF CONTENTS

PROXY STATEMENTTable 1 – Listing of the Proposals that the shareholders of each Fund are being asked to consider:

INFORMATION ABOUT VOTINGProposal 1 applies to all Funds:

Proposal 2 applies to all Feeder Funds:

DFAIDG: U.S. Large Cap Value Portfolio, Japanese Small Company Portfolio, Asia Pacific Small Company Portfolio, United Kingdom Small Company Portfolio, Continental Small Company Portfolio, Emerging Markets Portfolio, Emerging Markets Value Portfolio, and Emerging Markets Small Cap Portfolio.

DIG: DFA International Value Portfolio, U.S. Large Cap Value Portfolio III, DFA International Value Portfolio III, and Emerging Markets Portfolio II.

INFORMATION ABOUT VOTING

Who is Asking for my Vote?

The BoardYour vote on an important matter (the “Proposal”) has been requested by the Boards of Directors (the “Board”) of DFA Investment Dimensions Group Inc. (“DFAIDG”) and Dimensional Investment Group Inc. (“DIG”), and the Boards of Trustees of The DFA Investment Trust Company (“DFAITC”), Dimensional Emerging Markets Value Fund (“DEM”), and Dimensional ETF Trust (“ETF Trust”) (each a “Fund Company,” and together, the “Fund Companies” or the “Company”“Dimensional Funds”), on behalfin connection with a Joint Special Meeting of Shareholders of the VA U.S. Large Value Portfolio, VA U.S. Targeted Value Portfolio, VA International Value Portfolio, VA International Small Portfolio, VA Short-Term Fixed Portfolio, VA Global Bond Portfolio, VIT Inflation-Protected Securities Portfolio, VA Global Moderate Allocation Portfolio and VA Equity Allocation Portfoliovarious portfolios/series (each a “Fund,” and together, the “Funds”), has requested that shareholders vote on an important matter at of the upcoming Joint Special Meeting of Shareholders (the “Meeting”). The Meeting is scheduledFund Companies to be held on Wednesday, December 29, 2021 at 9:00 a.m., Central Time, to be held over the Internetinternet in a virtual meeting format. The Funds will be participating in the Meeting with the other portfolios of the Company (together, the “Series”) and the portfolios/series of Dimensional Investment Group Inc. (“DIG”), Dimensional ETF Trust (“ETF Trust”), The DFA Investment Trust Company (“DFAITC”) and Dimensional Emerging Markets Value Fund (“DEM”) (each portfolio/series a “Dimensional Fund,” and together, the “Dimensional Funds”format (the “Meeting”). Each of DFAIDG, DIG, ETF Trust, DFAITC and DEM is hereinafter referred to in this Proxy Statement as a “Dimensional Investment Company,” and together, as the “Dimensional Investment Companies.” This Proxy Statement and the accompanying materials are being mailed by the BoardBoards of Directors and Boards of Trustees (each a “Board” and together the “Boards”) on or about November 15, 2021. The Meeting is being held to elect a Board of Directors for the Company.

At the Meeting, shareholdersIn addition, if you are a shareholder of any of the Funds will be asked“feeder funds” (each a “Feeder Fund,” and together, the “Feeder Funds”) listed on Exhibit A to vote on the proposalthis Proxy Statement, you are being requested to elect ten (10) directors (the “Director Nominees”) to the Board of the Company (the “Proposal”). The Board knows of no business, other than that specifically mentioned in the Notice, which will be presented for consideration at the Meeting. If other business should properly come before the Meeting, the proxy holders will vote thereon in accordance with their best judgment.

Shares of the Funds are sold to separate accounts (“Separate Accounts”) of certain life insurance companies (together, the “Participating Insurance Companies”) to fund benefits payable under certain variable annuity contracts and variable life insurance policies (together, “Variable Contracts”) issued by the Participating Insurance Companies. The Separate Accounts are the shareholders of the Funds. The Separate Accounts invest in shares of the Funds in accordance with instructions from owners of the Variable Contracts.

In accordance with current law, the Separate Accounts, which are the shareholders of record of the Funds and therefore are entitled to vote the shares of the Funds, in effect, pass along theirprovide voting rights to the owners of the Variable Contracts. Each Participating Insurance Company is seeking instructions as to how the ownersshares that your Feeder Fund owns of its Variable Contracts wishcorresponding “master fund” (each a “Master Fund,” and together, the Participating Insurance Company to vote“Master Funds”) that represent your investment in the shares ofFeeder Fund should be voted for the Funds technically owned by the Separate Account, but in which the owners of the Variable Contracts may have or may be deemed to have a beneficial interest. The Participating Insurance Companies communicate directly with the owners of Variable Contracts about the procedures that the Participating Insurance Companies follow in seeking instructions and voting shares under the particular Separate Account. Except as may be otherwise provided by applicable laws, each Participating Insurance Company has agreed to solicit the owners of the Variable Contracts, and to vote at the Meeting,Proposal relating to the extent required,Master Fund. The Proposal relating to the sharesMaster Funds is identical to the Proposal relating to the Feeder Funds. The Feeder Funds and the Master Funds operate in a “master-feeder” structure. Each Feeder Fund seeks to achieve its investment objective by investing substantially all of its assets in a corresponding Master Fund. Please see the Funds that are heldsection entitled: “On What Issues am I Being Asked to Vote? – Master-Feeder Fund Structure” below in the Separate Accounts in accordance with timely instructions received from the owners of the Variable Contracts.

For the limited purpose of this Proxy Statement the terms “shareholder,” “you,” and “your” refer to (i) Variable Contract owners, which may have, or may be deemed to have, a beneficial interest in the Funds; (ii) Separate Accounts and Participating Insurance Companies, as direct owners of Fund shares; and (iii) any other direct shareholders of the Funds, unless the context otherwise requires.for more information.

For simplicity, actions are described in this Proxy Statement as being taken by a Fund, which is a Seriesportfolio/series of one of the Company,Fund Companies, although all actions are actually taken by the applicable Fund Company on behalf of thea Fund.

Who is Eligible to Vote?

Shareholders of record at the close of business on November 8, 2021 (the “Record Date”) are entitled to be present and to vote at the Meeting or any adjournment of the Meeting. Meeting (and, in the case of shareholders of a Feeder Fund, entitled to provide voting instructions to such Feeder Fund as to how to vote shares of the Feeder Fund’s corresponding Master Fund). Each share of record of a Fund is entitled to one vote (and a proportionate fractional vote for each fractional share)share (except for the ETF Trust which does not issue fractional shares)) on the matter relating to that Fund presented at the Meeting. In addition, the ownersEach share of record (and each fractional share) of a Variable Contract that had a Variable Account allocatedFeeder Fund is entitled to aprovide voting instructions to the Feeder Fund, aswhich will vote the shares the Feeder Fund owns of its corresponding Master Fund in proportion to the voting instructions received.

Certain Funds offer multiple classes of shares, including Class R1 shares, Class R2 shares and Institutional Class shares. Not all of the closeFunds offer each class of business on the record date areshares. Each share of each class is entitled to instruct the Participating Insurance Company on how toone vote on the Proposal.(and a proportionate fractional vote for each fractional share). The Proposals in this Proxy Statement do not require separate voting by class.

The Proxy Statement and the proxy card(s)/voting instruction form(s)/proxy card(s) were first made mailed to shareholders of record on or about November 15, 2021.

On What Issue am I Being Asked to Vote?

At the Meeting, shareholdersShareholders of the Funds will beare being asked to elect ten (10) Director Nomineesnominees to theeach Fund Company’s Board of Directors(“Proposal 1”). In addition, shareholders of the Feeder Funds (as listed on Exhibit A to this Proxy Statement) are being asked to submit voting instructions to each Feeder Fund to vote for the election of a Board for the Fund Company that oversees the Feeder Fund’s corresponding Master Fund (“Proposal 2”). Proposal 2 is identical to Proposal 1 on which shareholders of the Feeder Funds are being asked to vote. For a complete listing of the Proposals that the shareholders of each Fund are being asked to consider, please see Table 1 of this Proxy Statement.

Master-Feeder Fund Structure. Each of the Funds listed on Exhibit A to this Proxy Statement operates in a “master-feeder” arrangement in which each Feeder Fund invests substantially all of its assets in a corresponding Master Fund. Each Feeder Fund seeks to achieve its investment objective by investing substantially all of the Feeder Fund’s assets in the Master Fund, which has an investment objective that is identical to the Feeder Fund’s investment objective. The Master Fund, in turn, invests directly in securities and other investments. As a shareholder in a Master Fund, each Feeder Fund is being asked to vote on Proposal 1 described in this Proxy Statement as the Proposal relates to the Master Funds in Proposal 2. Pursuant to the requirements of the Investment Company Act of 1940, as amended (the “1940 Act”), applicable to master-feeder fund arrangements, each Feeder Fund’s voting rights with respect to the Master Fund shares that the Feeder Fund holds generally must be passed through to the Feeder Fund’s own shareholders. Under the 1940 Act, each Feeder Fund must vote its Master Fund shares in accordance with the voting instructions received from the Feeder Fund’s shareholders. As a result, if you are a shareholder of a Feeder Fund, in addition to your votes on Proposal 1 as the Proposal relates to the Feeder Fund in which you own shares, the Boards of DFAIDG and DIG need your voting instructions on the matters for which your Feeder Fund has to vote as a shareholder of its corresponding Master Fund. You are being asked to provide these voting instructions in Proposal 2. A Feeder Fund will vote the shares that the Feeder Fund owns of its corresponding Master Fund with respect to each Proposal of the Master Fund in the same proportion as the voting instructions the Feeder Fund receives from its shareholders. The other Feeder Funds that invest in a Master Fund also will vote their Master Fund’s shares in accordance with the voting instructions received from such Feeder Funds’ respective shareholders with respect to the matters described in Proposal 2 for the Master Fund. Any direct shareholders of a Master Fund also will vote on the Master Fund’s Proposal by voting directly on Proposal 1, which is identical to the matter described in Proposal 2 requesting voting instructions from Feeder Fund shareholders.

Because several of the Master Funds have multiple Feeder Fund shareholders and/or have other investors, in addition to the Feeder Funds, it is possible that the Proposal as it relates to a Master Fund will not be approved by the requisite vote, even if your Feeder Fund casts its votes to approve the Proposal. It also is possible that the Proposal as it relates to a Master Fund will be approved by the requisite vote, even if your Feeder Fund casts its votes against the Proposal. The Directors and Trustees of each Board (each a “Director,” and together, the “Directors”) have adopted written procedures to monitor potential conflicts of interest that might develop between the Feeder Funds and the Master Funds.

How Does the Board of themy Fund Company Recommend that I Vote?

The BoardBoards of the CompanyDFAIDG, DIG, DFAITC, DEM, and ETF Trust unanimously recommendsrecommend that shareholders of the Fundsyou vote, or submit voting instructions, “FOR” the Proposal.Proposal 1 and Proposal 2.

How Do I Ensure that my Vote is Accurately Recorded?

You may attend the Meeting virtually and vote or submit your voting instructions virtually at the Meeting, you may vote through the Internet by going to the website located on your proxy card(s) or voting instruction form(s) or proxy card(s), or you may complete and return your proxy card(s) or voting instruction form(s) by mail as instructed on the proxy card(s) or voting instruction form(s) or proxy card(s). Additionally, you may vote or submit your voting instructions by touch-tone telephone by calling the number on your voting instruction form(s) or proxy card(s).card. If you have any questions regarding how to vote your shares, please call AST Fund Solutions LLC at 1 (800) 398-1247(866) 406-2283, 9:00 a.m. to 10:00 p.m. Eastern Time.

Proxy cards that are properly executed prior to the Meeting will be voted as specified. If you specify a vote on thea Proposal, your proxy will be voted as you indicate. If you execute the voting instruction form/proxy card, but do not specify a vote on the Proposal, your shares will be voted “FOR” the Proposal.

With respect to owners of Variable Contracts that are submitting voting instruction forms, voting instruction forms that are properly signed, dated, and received by the applicable Participating Insurance Company will be voted as specified. If you specifyinvest in a Fund that is a Feeder Fund and do not provide voting instructions on the proxy card you receive for the Proposal relating to the Master Fund in which your Feeder Fund invests, the Feeder Fund will vote the shares of the Master Fund that your investment in the Feeder Fund represents in direct proportion to the percentage of voting instructions received “FOR,” “AGAINST” and “ABSTAIN” on the Proposal your Participating Insurance Company will vote those shares attributable to your Variable Contract as you indicate. If the voting instruction form is not marked to indicate voting instructions but is signed, dated and returned, it will be treated as an instruction to vote the shares FOR the Proposal. Any shares of a Fund for which no voting instructions are given generally will be voted by the Participating Insurance Company, if required, in proportion to those shares for which timely instructions are received. The effect of this proportional voting is that Variable Contract owners representing a small number of Fund shares may determine the outcome of the vote onMaster Fund by other shareholders of the Proposal. Variable Contract owners should contact their Participating Insurance Company for information about any applicable deadline for providing voting instructions to such Participating Insurance Company. Please see your Variable Contract prospectus for information on how to contact your Participating Insurance Company.Feeder Fund.

May I Revoke my Voting Instructions/Proxy?

If you are a Variable Contract owner, subject to confirmation by the Variable Contract owners’ Participating Insurance Company, generally you may revoke your voting instructions by sending a written notice to the applicable Participating Insurance Company expressly revoking your instructions, by signing and forwarding to the Participating Insurance Company later-dated voting instructions.  

Variable Contract owners should contact their Participating Insurance Company for further information on how to revoke previously given voting instructions, including any applicable deadlines. Please see your Variable Contract prospectus for information on how to contact your Participating Insurance Company.

If you are a direct owner of Fund shares, youYou may revoke your proxy or voting instructions at any time before such instructionsthey are voted by forwarding a written revocation or a later- datedlater-dated proxy to DFAIDG,the appropriate Fund, provided that either is received by DFAIDGthe Fund at or prior to the Meeting, or by attending the Meeting and voting virtually.

What if my Shares are Held in a Brokerage Account?

If your shares are held by your broker or financial advisor, then in order to vote virtually at the Meeting, you will need to obtain a “Legal Proxy” from your broker or financial advisor who will then provide the shareholder with a newly-issued control number. Please note that obtaining a legal proxy may take several days. Requests for registration should be received no later than 6:00 p.m., Central Time, on December 27, 2021, but in any event must be received by the scheduled time for commencement of the Meeting. Once shareholders have obtained a new control number and have submitted to attendameeting@astfinancial.com along with their request to attend the meeting, they will receive a new control number to participate in and vote at the Meeting.

Also, in order to revoke your proxy, you may need to forward your written revocation or a later-dated proxy card to your broker or financial advisor, rather than to the appropriate Fund.

Reports to Shareholders and Financial Statements

Each Fund’s audited financial statements and annual report for its last completed fiscal year, and any subsequent semi-annual report to shareholders, are available free of charge. To obtain a copy, please write to the Fund Company at 6300 Bee Cave Road, Building One, Austin, Texas 78746, Attention: Secretary; call collect at (512) 306-7400; or access the reports on the Funds’ website at http://us.dimensional.com/.

PROPOSAL: ELECTION OF A BOARD OF DIRECTORS FOR DFAIDG

Introduction to Proposals 1 and 2

IntroductionThe following discussion relates to theboth Proposals 1 and 2. In Proposal

Shareholders 1, shareholders of each Fund are being asked to elect ten Directors/Trustees (together, the “Director Nominees”) to the Board of the Fund Company of which the Fund is a portfolio or series. In Proposal 2, shareholders of each Feeder Fund are being asked to provide voting instructions to the Feeder Fund with respect to how the Feeder Fund should vote for the election of the ten Director Nominees to the Board of DFAIDG.that oversees its corresponding Master Fund.

The Directors of theeach Fund Company (each a “Director,” and together, the “Directors”) are responsible for supervising the management of the Board’s respective Fund Company and serving the needs and best interests of Fund shareholders. The Board of each Fund Company elects the officers of the Fund Company, who, along with third-party service providers, are responsible for administering the day-to-day operations of the Fund Company. The Director Nominees for election to serve as Directors of theeach Fund Company areare: Reena Aggarwal, David P. Butler, George M. Constantinides, Douglas W. Diamond, Darrell Duffie, Francis A. Longstaff, Gerard K. O’Reilly, Abbie J. Smith, Heather E. Tookes, and Ingrid M. Werner. David G. Booth and Roger G. Ibbotson, who currently serve as Directors, will be retiring effective upon the election of the Director Nominees by the shareholdersShareholders of the Dimensional Funds. Myron S. Scholes, who currently serves as a Director, will be retiring upon the earlier of December 31, 2021 or the election of the Director Nominees by the shareholders of the Dimensional Funds (together, with Mr. Booth and Mr. Ibbotson, the “Retiring Directors”).

Who are the Director Nominees?

ExceptEach Fund Company currently has the same Board. All of the Director Nominees standing for election, except for Ms. Aggarwal, Mr. Butler, Mr. Longstaff, Mr. O’Reilly and Ms. Tookes, are presently members of each of the Director Nominees standing for election is presently a member of the Board. TheEach Board is currently comprised of seven Directors who are not “interested persons” of the Company,Fund Companies, as that term is defined in the Investment Company1940 Act of 1940, as amended (the “1940 Act”) (together, the “Independent Directors”), and one DirectorBoard member who is an “interested person” of the CompanyFund Companies (the “Interested Director”). Among the Director Nominees, David P. Butler and Gerard K. O’Reilly are each deemed to be an Interested Director due to their position with Dimensional Fund Advisors LP (“Dimensional” or the “Advisor”). David G. Booth, a Retiring Director, is also deemed to be an Interested Director due to his position with the Advisor. Mr. Booth, an Interested Director, currently serves as Chairman of the Board and upon retirement, will become Chairman Emeritus effective upon the election of the Director Nominees by the shareholders of the Dimensional Funds. Currently, Myron Scholes, has been designated as the Lead Independent Director by the Independent Directors and upon his retirement, beginning on the earlier of December 31, 2021 or the election of the Director Nominees by the shareholders of the Dimensional Funds, the Independent Directors have designated Douglas W. Diamond to serve as the Lead Independent Director. As the Lead Independent Director, Mr. Diamond, among other duties: will act as a principal contact for management for communications to the Independent Directors in between regular Board meetings; will assist in the coordination and preparation of quarterly Board meeting agendas; will raise and discuss issues with counsel to the Independent Directors; will raise issues and discuss ideas with management on behalf of the Independent Directors in between regular meetings of the Board; and will chair executive sessions and separate meetings of the Independent Directors (other than committee meetings, which are chaired by the respective committee chairperson). The Directors believe that the existing Board structure for theeach Fund Company is appropriate because it provides the Independent Directors with adequate influence over the governance of the Board and each Fund Company, while also providing the Board with the invaluable insight of the Interested Director, who, as both an officer of the Fund Company and the Advisor, participates in the day-to-day management of theeach Fund Company’s affairs, including risk management.

Listed below, beside the name, address and year of birth of each Director Nominee and Retiring Director, are the Director Nominees’ and Retiring Director’sDirectors’ positions and length of service on the BoardBoards (if any), principal occupations during the past five years (their titles may have varied during that period), the number of portfoliosFunds in the Dimensional Funds that the Director Nominees and Retiring Directors oversee and other board memberships that the Director Nominees and Retiring Directors hold (if applicable). The Dimensional Funds consist of the separate portfolios/series of the Dimensional Investmentfive Fund Companies.

INDEPENDENT DIRECTOR NOMINEES

INTERESTED DIRECTOR NOMINEES

The following Director Nominees are each deemed to be an Interested Director due to their positions with the Advisor.

RETIRING INDEPENDENT DIRECTORS

RETIRING INTERESTED DIRECTOR

If elected, each Director Nominee will hold office for an indefinite term until his or her successor shall be elected and qualified, or until his or her earlier death, resignation, or removal. Mr. Booth and Mr. Ibbotson are scheduled to retire effective upon the election of the Director Nominees by the shareholders of the Dimensional Funds, and Mr. Scholes is scheduled to retire effective upon the earlier of December 31, 2021 or the election of the Director Nominees by the shareholders of the Dimensional Funds. Each Director Nominee currently is available and has consented to serve if elected. If elected, Ms. Aggarwal, Mr. Butler, Mr. Longstaff, Mr. O’Reilly and Ms. Tookes will begin service on the Board upon their election by the shareholders of the Dimensional Funds. If any of the Director Nominees should become no longer able to serve on the Board before the Meeting, the designated proxy holders will have the authority to vote in their discretion for another person or persons who may be nominated as Board members.

Mr. Diamond, Mr. Duffie, and Ms. Werner, although theywhile currently serveserving on the Board, are each standing for election by shareholders for the first time. Mr. Diamond was appointed to the BoardBoards of DFAIDG, DFAITC, DIG and DEM in 2017 and the ETF Trust in 2020 while Mr. Duffie and Ms. Werner were appointed to the BoardBoards of DFAIDG, DFAITC, DIG and DEM in 2019 and the ETF Trust in 2020, and each was recommended for appointment to the Board by the Company’sFund Companies’ Nominating Committee, which consists solely of Independent Directors. Ms. Aggarwal, Mr. Butler, Mr. Longstaff, Mr. O’Reilly, and Ms. Tookes do not currently serve on the Board but were nominated to serve as a Director at the June 23-24, 2021 Board meetingmeetings of DFAIDGthe Dimensional Funds and are standing for election by shareholders for the first time. Each of Ms. Aggarwal, Mr. Butler, Mr. Longstaff, Mr. O’Reilly and Ms. Tookes were each recommended for appointment to the Board by the Company’sFund Companies’ Nominating Committee, which consists solely of Independent Directors. Mr. Diamond, Mr. Duffie, Ms. Werner, Mr. Longstaff, Ms. Aggarwal, and Ms. Tookes were initially identified by the Independent Directors during a search process for potential candidates that was undertaken by the Fund Companies’ Nominating Committee. Mr. Butler and Mr. O’Reilly were recommended by the Advisor for consideration by the Fund Companies’ Nominating Committee.

How are Nominees for Director Selected?

TheEach Board’s Nominating Committee is currently comprised of George M. Constantinides, Douglas W. Diamond, Darrell Duffie, Roger G. Ibbotson, Myron S. Scholes, Abbie J. Smith, and Ingrid M. Werner. The Nominating Committee for thea Board makes recommendations for nominations of Independent and Interested Directors to serve on the Board to the Independent Directors and to the full Board. The Nominating Committee evaluates a candidate’s qualification for Board membership and the independence of such candidate from the Advisor and other principal service providers. While the Nominating Committee believes that there are no specific minimum qualifications for a nominee to possess or any specific educational background, qualities, skills, or prior business and professional experience that are necessary, in considering a candidate’s qualifications, the Nominating Committee may consider the following factors, among others, which may change over time or have different weight: (1) whether or not the person is an “interested person,” as defined in the 1940 Act, and is otherwise qualified under applicable laws and regulations to serve as a member of the Board; (2) whether or not the person has any relationships that might impair his or her independence, such as any business, financial, or family relationships (a) with Fund management, the investment advisor and/or sub-advisors of the Funds, Fund service providers or their affiliates; (b) that may be perceived as being inconsistent with serving on the board of directors of a registered investment company;company or (c) whether or not the person is willing to serve and willing and able to commit the time necessary for the performance of the duties of a Director; (3) the candidate’s judgment, skill, diversity, and experience with investment companies and other organizations of comparable purpose, complexity and size; (4) the business activities of the Fund Company, including any new marketing or investment initiatives, and whether the candidate possesses relevant experience in these areas; (5) whether the person’s business background or other business activities would be incompatible with the Fund Company’s and the Advisor’s business purposes; (6) the interplay of the candidate’s experience with the experience of other Directors and how the candidate and his or her academic or business experience will be perceived by the Fund Company’s shareholders; and (7) the extent to which the candidate would be a desirable addition to the Board and any committees thereof.

The Nominating Committee is solely responsible for the selection and recommendation to the Board of Independent Directors. When thea Fund Company’s Board has, or expects to have, a vacancy, the Nominating Committee receives and reviews information on individuals qualified to be recommended as nominees for election as Board members, including any recommendations by “Qualifying Fund Shareholders” (as defined below). Such individuals are evaluated based upon the criteria described above. To date, the Nominating Committee has been able to identify, and expects to continue to be able to identify, from its own resources, an ample number of qualified candidates. The Nominating Committee, however, will review recommendations from Qualifying Fund Shareholders to fill vacancies on the Board if the recommendations are submitted in writing and addressed to the Dimensional Investment Companies’a Fund Company’s Secretary at such address as is set forth in the Dimensional InvestmentFund Companies’ disclosure documents. A Qualifying Fund Shareholder is a shareholder, or group of shareholders, that: (i) owns of record, or beneficially through a financial intermediary, 5% or more of the Fund Company’s outstanding shares, and (ii) has owned such shares for 12 months or more prior to submitting the recommendation to the Nominating Committee. Such recommendations shall be directed to the Secretary of the CompanyFund Companies at 6300 Bee Cave Road, Building One, Austin, Texas 78746. The Qualifying Fund Shareholder’s letter should include: (i) the name and address of the Qualifying Fund Shareholder making the recommendation; (ii) the number of shares of each Series of the CompanyDimensional Fund that are owned of record and beneficially by such Qualifying Fund Shareholder, and the length of time that such shares have been so owned by the Qualifying Fund Shareholder; (iii) a description of all arrangements and understandings between such Qualifying Fund Shareholder and any other person or persons (naming such person or persons) pursuant to which the recommendation is being made; (iv) the name and address of the nominee; and (v) the nominee’s resume or curriculum vitae. The Qualifying Fund Shareholder’s letter must be accompanied by a written consent of the individual to stand for election if nominated for the Board and to serve if elected by shareholders. The Nominating Committee also may seek such additional information about the nominee as the Nominating Committee considers appropriate, including information relating to such nominee that is required to be disclosed in solicitations or proxies for the election of Board members. The Nominating Committee may amend these procedures from time to time, including the procedures relating to the evaluation of nominees and the process for submitting recommendations to the Nominating Committee.

The Board hasBoards have adopted and approved a formal written Charter for the Nominating Committee. A copy of the Nominating Committee Charter is attached as Exhibit A-1B-1 to this Proxy Statement. During the fiscal year ended October 31, 2021, the Nominating Committee met four times.

The Nominating Committee believes that it is in the best interests of theeach Fund Company and its shareholders to obtain highly-qualified individuals to serve as members of the Board. TheEach Fund Company’s Board believes that each Director Nominee has the experience, qualifications, attributes and skills to allow the Board to effectively oversee the management of the CompanyFund Companies and protect the interests of shareholders. TheEach Board has noted that each Director has professional experience in areas of importance for investment companies. TheEach Board considered that each Independent Director Nominee held an academic position in the areas of finance, economics or accounting. Reena Aggarwal, George M. Constantinides, Douglas W. Diamond, Darrell Duffie, Francis A. Longstaff, Heather E. Tookes and Ingrid M. Werner are each Professors of Finance, while Abbie J. Smith is a Professor of Accounting. TheEach Board also noted that Reena Aggarwal, Abbie J. Smith, Heather E. Tookes and Ingrid M. Werner each had experience serving as a director on the boards of operating companies and/or other investment companies. In addition, the Board considered that David P. Butler and Gerard K. O’Reilly contribute valuable experience due to their positions with the Advisor.

How Often DoesDo the BoardBoards Meet and What Are the Board Members Paid?

The Board isBoards are responsible for establishing the Company’sFund Companies’ policies and for overseeing the management of the Company.Fund Companies. The BoardBoards of DFAIDG and DIG held five meetings during the fiscal year ended October 31, 2021,2021. The Boards of DFAITC and eachDEM held five meetings during the fiscal year ended October 31, 2021. The Board of the ETF Trust held five meetings during the fiscal year ended October 31, 2021. Each incumbent Director who is standing for election at this Meeting attended at least 75% of the aggregate total number of meetings of the BoardBoards and the total number of meetings held by all committees of the BoardBoards on which such Director serves during the Company’sFund Companies’ fiscal year ended October 31, 2021. The CompanyFund Companies currently doesdo not have a formal policy regarding Board members’ attendance at shareholders’ meetings but encouragesencourage Directors to do so. In addition, none of the Company did not hold, norFund Companies held, or was it required to hold, an annual meeting at which Board members were elected during the Company’sFund Companies’ fiscal year ended October 31, 2021.

Each Independent Director is compensated by the Company.each Fund Company on which he/she serves as a Board member. The Interested Director is not compensated for his servicesservice as a Board member by the Company.Fund Companies. The Company doesFund Companies do not maintain or provide pension or retirement benefits to Directors.their Board members.

The following table identifies the amount of compensation that each Independent Director received from theeach Fund Company and the aggregate amount of compensation that each Independent Director received from the five registered Dimensional Investment CompaniesFunds for which the Advisor served as investment advisor during the fiscal year ended October 31, 2021. Ms. Aggarwal, Mr. Longstaff, and Ms. Tookes do not currently serve as a Director or Trustee of any Dimensional Investment CompanyFund and are each standing for initial election at the Meeting. Accordingly, Ms. Aggarwal, Mr. Longstaff, and Ms. Tookes did not receive any compensation for the fiscal year ended October 31, 2021. Additionally, the table provides the amount of compensation that was received by the highest paid executive officer of theeach Fund Company. No other executive officer is compensated by the Company.Fund Companies.

Information relating to each Director’s ownership (including the ownership of his or her immediate family) in each Fund and in allthe Funds of the Dimensional FundsFund Companies as of June 30, 2021 is set forth in the chart below.

WhatistheBoard’sRoleinRiskOversightof the aFundCompany?

The Board of each Fund Company, as a whole, considers risk management issues as part of its general oversight responsibilities throughout the year at regular Board meetings and through regular reports that have been developed by Fund Company management and the Advisor. These reports address certain investment, valuation, liquidity and compliance matters. The Board also may receive special written reports or presentations on a variety of risk issues, either upon the Board’s request or upon the initiative of the Advisor. In addition, the Audit Committee of the Board meets regularly with management of the Advisor to review reports on the Advisor’s examinations of functions and processes that affect theeach Fund Company.

With respect to investment risk, the Board receives regular written reports describing and analyzing the investment performance of each Fund’s portfolios.Fund Company’s Funds. The Board discusses these reports and the Funds’ performance and investment risks with management of the Advisor at the Board’s regular meetings. The Investment Committee of the Advisor meets regularly to discuss a variety of issues, including the impact that the investment in particular securities or instruments, such as derivatives, may have on the Funds. To the extent that the Investment Committee of the Advisor decides to materially change an investment strategy or policy of a Fund and such change could have a material impact on the Fund’s risk profile, the Advisor will present such change to the Board for its approval.

With respect to valuation, the Advisor and theeach Fund Company’s administrative and accounting agent provide regular written reports to the Board that enable the Board to review the Funds’ fair valued securities.securities in a particular Fund. Such reports also include information concerning illiquid and any worthless securities held by each Fund. In addition, the Board’seach Fund Company’s Audit Committee reviews valuation procedures and pricing results with the Fund Company’s independent registered public accounting firm in connection with such Committee’s review of the results of the audit of each Fund’s year-end financial statements.

With respect to liquidity risk, theeach Board oversees the Company’seach Fund’s liquidity risk through, among other things, receiving periodic reporting and presentations by investment and other personnel of the Advisor. Additionally, as required by Rule 22e-4 under the 1940 Act, theeach Board, including a majority of the Independent Directors, approved theeach Fund Company’s liquidity risk management program (the “Liquidity Program”), which is reasonably designed to assess and manage the Company’seach Fund’s liquidity risk, and appointed the Liquidity Program Administrator that is responsible for administering the Liquidity Program. TheEach Board also reviews, no less frequently than annually, a written report prepared by the Liquidity Program Administrator that addresses, among other items, the operation of the Liquidity Program and assesses its adequacy and effectiveness of implementation.

With respect to compliance risks, the Board receives regular compliance reports prepared by the Advisor’s compliance group and meets regularly with theeach Fund Company’s Chief Compliance Officer (“CCO”Chief Compliance Officer”) to discuss compliance issues, including compliance risks. As required under U.S.rules of the Securities and Exchange Commission (“SEC”) rules,, the Independent Directors meet in executive session with the CCO,Chief Compliance Officer, and theeach Fund Company’s CCOChief Compliance Officer prepares and presents an annual written compliance report to the Board. TheEach Fund Company’s Board adopts compliance policies and procedures for the Fund Company and receives information about the compliance procedures in place for the Fund Company’s service providers. The compliance policies and procedures are specifically designed to detect and prevent violation of the Federal Securities Laws, as that term is defined in Rule 38a-1 under the 1940 Act.

The Advisor periodically provides information to the Board relevant to enterprise risk management describing the way in which certain risks are managed at the complex-wide level by the Advisor. Such presentations include areas such as counter-party risk, material fund vendor or service provider risk, investment risk, reputational risk, personnel risk and business continuity risk.

WhoaretheExecutiveOfficersofthe Company?FundCompanies?

Officers of the CompanyFund Companies are appointed by the BoardBoards and serve at the pleasure of the Board.Boards. Exhibit A-2B-2 to this Proxy Statement identifies the executive officers of the Company,Fund Companies, and provides the name, year of birth, information regarding positions with the CompanyFund Companies and the principal occupation for each officer of the Company.Fund Companies. The address of each officer is 6300 Bee Cave Road, Building One, Austin, TX 78746.

WhataretheStandingCommitteesofthe Board?Boards?

The Board of each Fund Company has three standing committees: the Audit Committee, the Nominating Committee and the Investment Strategy Committee (the “Strategy Committee”). For more information on the Nominating Committee, see “How areNomineesfor DirectorSelected?” above.

TheEach Board’s Audit Committee is currently comprised of George M. Constantinides, Roger G. Ibbotson, Abbie J. Smith, and Ingrid M. Werner. The Audit Committee for each Board oversees the Fund Company’s accounting and financial reporting policies and practices, theeach Fund Company’s internal controls, the Company’seach Fund’s financial statements and the independent audits thereof and performs other oversight functions as requested by theeach Board. The Audit Committee for each Board recommends the appointment of the Company’seach Fund’s independent registered public accounting firm and also acts as a liaison between the Company’seach Fund’s independent registered public accounting firm and the full Board. There were two Audit Committee meetings held for theeach Fund Company during the fiscal year ended October 31, 2021.

The Strategy Committee is currently comprised of Gerard K. O’Reilly, Douglas W. Diamond, Myron S. Scholes, and Darrell Duffie. At the request of thea Board or the Advisor, the Strategy Committee (i) reviews the design of possible new series of theeach Fund Company, (ii) reviews performance of existing SeriesFunds of the Fund Company, and discusses and recommendspossible enhancements to the Funds’Fund Companies’ investment strategies, (iii) reviews proposals by the Advisor to modify or enhance the investment strategies or policies of each Fund, and (iv) considers issues relating to investment services for each SeriesFund of the Fund Company. There were three Strategy Committee meetings held for the Fundseach Fund Company during the fiscal year ended October 31, 2021.

Who are the Company’s Fund Companies’Auditors?

Selection of Auditors.The Audit Committee and the Board of each Fund Company have selected the firm of PricewaterhouseCoopers LLP (“PwC”) to serve as auditors of the Company.Fund Companies. Representatives of PwC are not expected to be present at the Meeting, but will have the opportunity to make a statement if they wish, and will be available to respond to any appropriate questions.

AuditFeeInformationforthe Company.FundCompanies

Audit Fees

The aggregate fees billed for professional services rendered by PwC for the audit of the Company’sFund Companies’ annual financial statements and for review of the financial statements included in the Company’sFund Companies’ annual reports or for services that normally are provided by PwC in connection with statutory and regulatory filings or engagements for the Company’slast two fiscal years ended October 31, 2020 and October 31, 2021 were $2,252,955 and $1,923,324, respectively.of the Fund Companies are set forth in the table below.

Audit-Related Fees

The aggregate fees billed for assurance and related services rendered by PwC that were reasonably related to the performance of the audit or review of the Company’sFund Companies’ financial statements, which were not reported under “Audit Fees” above (the “Audit- Related“Audit-Related Fees”), for the Company’slast two fiscal years ended October 31, 2020 and October 31, 2021 were $183,162 and $156,061, respectively.of the Fund Companies, are set forth in the table below. The Audit-Related Fees included fees for services related to limited procedures performed in connection with the production of the Fund Companies’ semi-annual financial statements.

The Audit-Related Fees required to be approved by theeach Fund Company’s Audit Committee pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X were $215,000 and $220,000 for the fiscal years ended October 31, 2020 and October 31, 2021, respectively. The Audit-Related Fees required to be approved pursuant to paragraph(c)paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X included fees for services rendered in connection with the issuance of a Type II SSAE 16 over controls at the Adviser.Advisor.

TaxFees

There were noThe aggregate fees billed for professional services rendered by PwC for tax compliance, tax advice and tax planning (the “Tax Fees”) for the Companylast two fiscal years for the fiscal years ended October 31, 2020 Fund Companies are set forth in the table below. The Tax Fees included fees for tax services in connection with DFAITC’s excise tax calculations, review of DFAITC’s applicable tax returns and October 31, 2021.review of the Fund Company’s tax equalization calculations.

There were no Tax Fees required to be approved by theeach Board’s Audit Committee pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X during the last two fiscal years.

AllOtherFees

There were no additional fees paid by the CompanyFund Companies for products and services provided by PwC, other than the services reported above, for the Company’sFund Companies’ last two fiscal years. There were no “All Other Fees” required to be approved by theeach Fund Company’s Audit Committee pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X during the fiscal years ended October 31, 2020 and October 31, 2021.

The Audit-Related Fees and Tax Fees disclosed above were approved by the Audit Committee of theeach Board but not pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

The percentage of hours expended on PwC’s engagement to audit the Company’sFund Companies’ financial statements for the fiscal year ended October 31, 2021 that were attributed to work performed by persons other than PwC’s full time, permanent employees was not greater than 50%.

AggregateNon-AuditFees

The aggregate non-audit fees billed by PwC for services rendered to theeach Fund Company, the Advisor, and any entity controlling, controlled by, or under common control with the Advisor that provides ongoing services to the Fund Company for the Company’slast two fiscal years ended October 31, 2020 and October 31, 2021 were $1,477,288 and $1,455,187, respectively.of the Fund Company are set forth in the table below.

The

Each Audit Committee has considered whether the provision of non-audit services that were rendered to the Advisor, and any entity controlling, controlled by, or under common control with the Advisor that provides ongoing services to the Company,Fund Companies, that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the auditors’ independence.

Pre-ApprovalPoliciesandProcedures

The Audit Committee of theeach Board has adopted Pre-Approval Policies and Procedures.Procedures as part of the Audit Committee Charter. The Pre-Approval Policies and Procedures are set forth in Exhibit A-3B-3 to this Proxy Statement.

WhatistheRequiredVoteon the Proposal?Proposals1and2?

TheFor Proposal 1, the Director Nominees will be elected to the Board of DFAIDGeach Fund Company by the affirmative vote of a plurality of votes cast collectively by the shareholders of all of the SeriesFunds of DFAIDG, includingsuch Fund Company, regardless of the Funds.results of the votes cast by the shareholders of each individual Fund. This means that the Director Nominees receiving the largest number of votes will be elected to fill the ten available positions.

For Proposal 2, the shareholders of each Feeder Fund are being asked to provide voting instructions to the Feeder Fund with respect to how the Feeder Fund, as a shareholder of a Master Fund, should vote on the election of the Director Nominees to the Board of the Fund Company that oversees the Feeder Fund’s corresponding Master Fund. The Director Nominees will be elected to the Board of each Fund Company that oversees the Master Funds by the affirmative vote of a plurality of votes cast collectively by shareholders (including Feeder Funds) of all of the Funds (including Master Funds) of such Fund Company, regardless of the results of the votes cast by the shareholders of each individual Fund of the Master Fund’s Fund Company. This means that the Director Nominees receiving the largest number of votes will be elected to fill the ten available positions.

A vote requiring a plurality to elect Director Nominees to the Board means that the Director Nominees receiving the largest number of votes cast will be elected to fill the available positions for the Fund Company and a Director Nominee may be elected even if he or she receives the affirmative vote of less than a majority of the outstanding shares of the Fund Company voting. Because the Director Nominees are running unopposed, all Director Nominees are expected to be elected, as all Director Nominees who receive votes in favor will be elected while votes withheld or abstentions have no effect on the outcome of the Proposal.Proposals.

THE BOARD OF EACH FUND COMPANY UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE ELECTION OF EACH OF THE DIRECTOR NOMINEES TO THE BOARD OF DFAIDG.BOARD.

ADDITIONALINFORMATIONABOUTTHEFUNDS

Investment Advisor of the Funds and Administrator for the Feeder Funds

The Advisor, organized as a Delaware limited partnership, located at 6300 Bee Cave Road, Building One, Austin, Texas 78746, currently serves as the investment advisor to all of the Funds. The Advisor is controlled and operated by Dimensional Holdings LLC, a Delaware limited liability company, and the Advisor’s general partner, Dimensional Holdings Inc., a Delaware corporation. David G. Booth, as a director and officer of the Advisor and shareholder of the Advisor’s general partner, and Rex A. Sinquefield, as a shareholder of the Advisor’s general partner, acting together, may be deemed a controlling personpersons of the Advisor. Mr. Booth also serves as a Director and officer of theeach Fund Company and will retire as a Director effective upon the election of the Director Nominees by the shareholders of the Dimensional Funds. Mr. Butler and Mr. O’Reilly each serve as an officer of theeach Fund Company and are each currently proposed for election as a Director at the Meeting. There were no purchases or sales by any of the Director Nominees of any securities in excess of 1% of any class of outstanding securities of the Advisor or any of its parents or subsidiaries since the beginning of the Funds’ most recently completed fiscal year.

DFA Australia Limited (“DFA Australia”), Level 43 Gateway, 1 Macquarie Place, Sydney, New South Wales 2000, Australia, provides certain sub-advisory services to the VA International Value Portfolio, VA International Small Portfolio, VA Short-Term Fixed Portfolio, VA Global Bond Portfolio, VIT Inflation-Protected Securities Portfolio and VA Equity Allocation Portfolio.Funds listed in Exhibit C to this Proxy Statement. DFA Australia, under investment sub-advisory agreements with the Advisor and the Company,Fund Companies on behalf of the VA International Value Portfolio, VA International Small Portfolio, VA Short-Term Fixed Portfolio, VA Global Bond Portfolio, VIT Inflation-Protected Securities Portfolio and VA Equity Allocation Portfolio,Funds listed in Exhibit C to this Proxy Statement, has the authority and responsibility to, among other services, select brokers and dealers and execute securities transactions for such Funds.

Dimensional Fund Advisors Ltd. (“DFAL”DFA London”), 20 Triton Street, Regent’s Place, London, NW13BF, United Kingdom, provides certain sub-advisory services to the VA International Value Portfolio, VA International Small Portfolio, VA Short-Term Fixed Portfolio, VA Global Bond Portfolio, VIT Inflation-Protected Securities Portfolio and VA Equity Allocation Portfolio. DFAL,Funds listed in Exhibit D to this Proxy Statement. DFA London, under investment sub-advisory agreements with the Advisor and the Company,Fund Companies on behalf of the VA International Value Portfolio, VA International Small Portfolio, VA Short-Term Fixed Portfolio, VA Global Bond Portfolio, VIT Inflation-Protected Securities Portfolio and VA Equity Allocation Portfolio,Funds listed in Exhibit D, has the authority and responsibility to, among other services, select brokers and dealers and execute securities transactions for such Funds.

The Administrator Administrators and Transfer AgentAgents

State Street Bank and Trust Company (“State Street”), 1 Lincoln Street, Boston, Massachusetts 02111, serves as the accounting and administration services, dividend disbursing and transfer agent for all of the Funds.Funds, other than The DFA Short Term Investment Fund (the “Short Term Fund”) of DFAITC and the Funds that are series of the ETF Trust.

Citi Fund Services Ohio, Inc., 4400 Easton Commons, Suite 200, Columbus, Ohio 43219, serves as the administrator, fund accountant, transfer agent, and dividend disbursing agent for the Short Term Fund and as accounting and administration services and dividend disbursing agent for the ETF Trust.

TheUnderwriter

The principal underwriter for the shares of the Funds is DFA Securities LLC (“DFAS”), a wholly-owned subsidiary of the Advisor. DFAS is registered as a limited purpose broker-dealer under the Securities Exchange Act of 1934 and is a member of the Financial Industry Regulatory Authority. The principal business address of DFAS is 6300 Bee Cave Road, Building One, Austin, Texas 78746.

TheCustodians

State Street, 1 Lincoln Street, Boston, Massachusetts 02111, serves as the custodian for all of the Funds listed on Exhibit E-1 to this Proxy Statement.

Citibank, N.A. (“Citibank”), 111 Wall Street, New York, New York 10005, serves as the custodian for all of the VA International Value Portfolio, VA International Small Portfolio, VA Global Bond Portfolio and VA Equity Allocation Portfolio.Funds listed on Exhibit E-2 to this Proxy Statement.

State Street, 1 Lincoln Street, Boston, Massachusetts 02111, serves as the custodian for the VA U.S. Large Value Portfolio, VA U.S. Targeted Value Portfolio, VA Short-Term Fixed Portfolio, VIT Inflation-Protected Securities Portfolio and VA Global Moderate Allocation Portfolio.

Shareholders Sharing the SameAddress

If two or more shareholders share the same address, only one copy of this Proxy Statement is being delivered to that address, unless the Fund(s) have received contrary instructions from one or more of the shareholders at that shared address. Upon written or oral request, the Funds will deliver promptly a separate copy of this Proxy Statement to a shareholder at a shared address. Please call (512) 306-7400, or forward a written request to 6300 Bee Cave Road, Building One, Austin, Texas 78746, if you would like to: (1) receive a separate copy of this Proxy Statement; (2) receive your annual reports or Proxy Statementsproxy statements separately in the future; or (3) request delivery of a single copy of annual reports or Proxy Statementsproxy statements if you currently are receiving multiple copies at a shared address.

OutstandingNumberofSharesandPrincipalShareholdersoftheFunds

The number of outstanding shares of each class of each Fund, as of November 8, 2021, is set forth in Exhibit BF to this Proxy Statement. The names and addresses of the beneficial owners of more than 5% of the outstanding shares of each class of each Fund, along with the number and percentage of shares owned, as of September 30, 2021, is set forth in Exhibit CG to this Proxy Statement. From time to time, the number of shares held in “street name” accounts of various securities dealers for the benefit of their clients may exceed 5% of the total shares outstanding of any class or Fund. To the knowledge of the Company’sFund Companies’ management, as of September 30, 2021, there were no entities, except as set forth in Exhibit CG to this Proxy Statement, owning beneficially more than 5% of the outstanding shares of any class of any Fund.

In addition, to the knowledge of the Company’s management, as of June 30, 2021, theThe Retiring Directors, Director Nominees and officers, each individually, and together as a group, owned less than 1% of the outstanding sharesstock of each class of each Fund, except that the Retiring Directors, Director Nominees and officers, as a group, as of June 30, 2021, held 43.72% of the Institutional Class shares of Dimensional 2065 Target Date Retirement Income Fund of DFAIDG and 4.37% of the Institutional Class shares of the DFA One-Year Fixed Income Portfolio of DFAIDG and 4.16% of the Institutional Class shares of the Global Allocation 25/75 Portfolio of DIG. In addition, to the knowledge of the Fund Companies’ management, and except as noted above under Proposal 1, as of June 30, 2021, no Director Nominee individually owned 1% or more of the outstanding stock of any Fund.

As to each Independent Director Nominee, and his or her immediate family members, no person owned beneficially or of record securities in the Advisor or principal underwriter of a Fund, or a person (other than a registered investment company) directly or indirectly controlling, controlled by or under common control with the Advisor or principal underwriter of a Fund as of June 30,November 8, 2021.

Contactingthe BoardBoards

If a shareholder wishes to send a communication to the Board of a Fund Company, such correspondence should be in writing and addressed to the Board of DFAIDGthat Fund Company at the Dimensional InvestmentFund Companies’ offices, as follows: 6300 Bee Cave Road, Building One, Austin, Texas 78746, Attention: Secretary. The correspondence will be given to the appropriate Board for review and consideration.

FURTHERINFORMATIONABOUTVOTINGANDTHEMEETING

SolicitationofProxies

Your vote and/or voting instructions are being solicited by the Board.Boards. The cost of soliciting proxies, including the fees of a proxy soliciting agent, will be borne by the Funds. The cost borne by the Funds will be borne indirectly by Variable Contract owners. DFAIDG expectsreimburse brokerage firms and others for their expenses in forwarding proxy materials to the beneficial owners and soliciting the beneficial owners to execute proxies. The Fund Companies expect that the solicitation will be primarily by mail. In addition to solicitation by mail, certain officers and representatives of thea Fund Company or its affiliates and certain financial services firms and their representatives, who will receive no extra compensation for their services, may solicit proxies by telephone, email or personally.

AST Fund Solutions LLC (the “Solicitor”) has been engaged to assist in the solicitation of proxies, at an estimated cost of $2,000. The Participating Insurance Companies also may engage their own solicitors (which may include the Solicitor) to solicit voting instructions from Variable Contract owners. Such costs, including the fees of a proxy soliciting agent, if any, will be borne by the Participating Insurance Companies, although the Advisor, or an affiliate, may reimburse certain of their expenses.$308,000. As the date of the Meeting approaches, certain Participating Insurance Companiesshareholders may receive a telephone call from certain officers and representatives of thea Fund Company or its affiliates and certain financial services firms and their representatives, or a representative of the Solicitor, if the shareholders’ votes and/or voting instructions have not yet been received. Authorization to permit the Solicitor to execute proxies may be obtained by telephonic instructions from shareholders of the Funds.

If a shareholder including a Variable Contract owner, wishes to participate in the Meeting, but does not wish to give a proxy by telephone or internet, the shareholder may still submit the proxy card(s) or /voting instruction form(s) at the virtual Meeting.

or attend virtually. Please note that if you plan to attend the virtual Meeting, you must request the Meeting credentials from the AST Fund Solutions, by following the instructions described below. The request should be received by no later than December 27, 2021 at 6:00 p.m., Central Time.

Accessing the Virtual Meeting– To access the Meeting, send a request to attend the Meeting to attendameeting@astfinancial.com. Please include “Dimensional VA Funds” in the subject line. In the body of the email, please include your intent to attend the Meeting, your full name and the control number located on your proxy card(s) or voting instruction form(s) enclosed. You then will receive instructions to complete the registration process which will provide you instructions to access and attend the Meeting virtually. The Meeting will begin promptly at 9:00 a.m., Central Time. The Company encouragesFund Companies encourage you to access the Meeting a few minutes prior to the start time in order to provide ample time for the check in. For technical assistance in accessing the Meeting, shareholders can email attendameeting@astfinancial.com. During the Meeting, instructions will be provided for shareholders in attendance to submit comments and questions.

VotingandMethodsofTabulation

The vote required to approve the Proposal is set forth in the discussion of the Proposal. The shareholders of a Feeder Fund who do not provide voting instructions to the Feeder Fund under Proposal 2 will not affect the Feeder Fund’s votes at the Meeting with respect to the Feeder Fund’s Master Fund. The percentage of a Feeder Fund’s votes representing Feeder Fund shareholders who do not provide voting instructions will be voted by such Feeder Fund in the same proportion as the Feeder Fund’s shareholders who did provide voting instructions.

The following Funds are structured as a “fund of funds” (each a “Fund of Funds,” and together, the “Funds of Funds”): International Small Company Portfolio, DFA Global Real Estate Securities Portfolio, World ex U.S. Value Portfolio, Global Social Core Equity Portfolio, World Core Equity Portfolio, Selectively Hedged Global Equity Portfolio, DFA Diversified Fixed Income Portfolio, Global Small Company Portfolio, Dimensional Retirement Income Fund, Dimensional 2010 Target Date Retirement Income Fund, Dimensional 2015 Target Date Retirement Income Fund, Dimensional 2020 Target Date Retirement Income Fund, Dimensional 2025 Target Date Retirement Income Fund, Dimensional 2030 Target Date Retirement Income Fund, Dimensional 2035 Target Date Retirement Income Fund, Dimensional 2040 Target Date Retirement Income Fund, Dimensional 2045 Target Date Retirement Income Fund, Dimensional 2050 Target Date Retirement Income Fund, Dimensional 2055 Target Date Retirement Income Fund, Dimensional 2060 Target Date Retirement Income Fund, Dimensional 2065 Target Date Retirement Income Fund, Global Allocation 25/75 Portfolio, Global Allocation 60/40 Portfolio, and Global Equity Portfolio. A Fund of Funds invests substantially all or a portion of its assets in multiple other Funds (each an “Underlying Fund,” and together, the “Underlying Funds”) in order to seek to achieve its investment objective. The Underlying Funds invest directly in securities and other portfolio instruments. With respect to the Proposal for an Underlying Fund, each Fund of Funds invested in such Underlying Fund will vote its shares of the Underlying Fund on that Proposal in proportion to the votes received “FOR,” “AGAINST” and “ABSTAIN” the Proposal by other shareholders of the Underlying Fund (commonly called “echo-voting”).

The Canadian Small Company Series (the “Canadian Series”) of DFAITC is an Underlying Fund for multiple Funds of Funds and other investors. The percentage of the Canadian Series’ votes representing shareholders who do not provide voting instructions will be voted in the same proportion as the Canadian Series’ shareholders who did provide voting instructions. The Boards of DFAIDG, DIG and DFAITC have determined that it would be in the best interests of all shareholders that invest in the Canadian Series to vote “FOR” the Proposal.

Broker non-votes are proxies from brokers or nominees indicating that such persons have not received voting instructions from the beneficial owner or other person entitled to vote shares on a particular matter with respect to which the brokers or nominees do not have discretionary power. Generally, abstentions and broker non-votes will not have an effect on thea Proposal because it requires a plurality of votes cast for approval. As described above, each Separate Account, as the shareholder of record of the Funds’ shares, generally is required to vote shares attributable to Variable Contracts as to which no voting instructions are received in proportion (either for or withheld) to those for which timely instructions are received by the Participating Insurance Company just as any other shares for which the Participating Insurance Company does not receive proper voting instructions. Therefore, DFAIDG does not anticipate receiving any broker non-votes.

All properly executed proxies and voting instructions received in time for the Meeting will be treated as present for quorum purposes and will be voted as specified in the proxy. If the voting instruction form is not marked to indicate voting instructions but is signed, dated and returned, it will be treated as an instruction to vote the shares FOR the Proposal. If voting instructions are not received in time, any unreturned voting instructions will be voted in proportion to those voting instructions properly received. In determining whether shareholders have elected a Director Nominee to the Board, votes withheld and broker non-votes, if any, will be treated as shares present at the Meeting for establishing a quorum but that have not been voted. Accordingly, votes withheld and broker non-votes will have no effect on the election of a Director Nominee.

QuorumVotingbyBroker-Dealers

The Funds expect that, before the Meeting, broker-dealer firms holding shares of the Funds in “street name” for the broker-dealer firms’ customers will request voting instructions from their customers and beneficial owners. If these instructions are not received by the date specified in the broker-dealer firms’ proxy solicitation materials, the Funds understand that broker-dealers may vote on Proposal 1 (and submit voting instructions for Proposal 2), Election of a Board, on behalf of the broker-dealer firms’ customers and beneficial owners. Certain broker-dealers may exercise discretion over shares held in the broker-dealer firms’ names for which no instructions are received by voting these shares in the same proportion as the broker-dealer firms vote shares for which the broker-dealer firms received instructions.

Quorum

With respect to each of DFAIDG, DIG, and ETF Trust, the presence virtually or by proxy of one-third of the shares entitled to be cast on a matter constitutes a quorum at the Meeting for the purposes of acting on the Proposal.Proposal of the Fund Company. With respect to DFAITC and DEM, the presence virtually or by proxy of 40% of the shares entitled to vote on a matter shall constitute a quorum at the Meeting for the purposes of acting on the Proposal of the Fund Company. For the purposes of establishing whether a quorum is present, all shares present and entitled to vote, including abstentions and broker non-votes, shall be counted.

Adjournment

The Meeting, as to any Fund, may be adjourned from time to time for any reason whatsoever by vote of the holders of a majority of the shares present (virtually or by proxy)proxy and entitled to vote at the Meeting,Meeting), whether or not a quorum is present. TheWith respect to DFAIDG and DIG, the Meeting may also be adjourned from time to time (with respect to any one or more matters) for any reason whatsoever by the chairman of the Meeting without notice other than announcement at the Meeting. With respect to DFAITC and DEM, the Meeting may also be adjourned from time to time (with respect to any one or more matters) for any reason whatsoever by the chairman of the Board or the Meeting, the President of the Fund Company, in the absence of the chairman of the Board, or any Vice President or other authorized officer of the Fund Company, in the absence of the President. Such authority to adjourn the Meeting may be used in the event that a quorum is not present at the Meeting or, in the event that a quorum is present but sufficient votes have not been received to approve the Proposal, or for any other reason consistent with Marylandapplicable state law and DFAIDG’sthe Fund Company’s charter documents and bylaws, including to allow for the further solicitation of proxies. Any adjournment may be made with respect to any business that might have been transacted at the Meeting, and any adjournment will not delay or otherwise impact the effectiveness and validity of any business transacted at the Meeting prior to adjournment. Unless otherwise instructed by a shareholder granting a proxy, the persons designated as proxies may use their discretionary authority to vote as instructed by management of DFAIDGthe Fund Companies on questions of adjournment and on any other proposals raised at the Meeting to the extent permitted by the federal proxy rules, including proposals for which management of DFAIDGsuch Fund Companies did not have timely notice, as set forth in the federal proxy rules.

ShareholderProposals

As a general matter, the Company isFund Companies are not required, and doesdo not intend, to hold regular annual meetings of shareholders. A shareholder who wishes to submit a proposal for consideration for inclusion in thea Fund Company’s proxy statement for the next meeting of shareholders of thethat Fund Company should send the shareholder’s written proposal to thesuch Fund Company’s offices at 6300 Bee Cave Road, Building One, Austin, Texas 78746, Attention: Secretary, in advance of such meeting, within a reasonable time before the Fund Company begins to print and mail its proxy materials in order for the proposal to be considered for inclusion in the Fund Company’s proxy statement and proxy card relating thereto, and presented at the meeting. A shareholder who wishes to make a proposal at a shareholder meeting without including the proposal in the Fund Company’s proxy statement must notify the Fund Company of such proposal within a reasonable time before the proxy solicitation for that meeting is made by directing such notice to the Secretary of the Fund Company at the address set forth above. If a shareholder fails to give notice to the Fund Company within a reasonable time before the proxy solicitation is made, then the persons named as proxies by the Board for such meeting may exercise discretionary voting power with respect to any such proposal. A shareholder proposal may be presented at a meeting of shareholders only if such proposal concerns a matter that may be properly brought before the meeting under applicable federal proxy rules, state law, and the Fund Company’s governing instruments. Submission of a proposal by a shareholder does not guarantee that the proposal will be included in the Fund Company’s proxy statement or presented at the meeting.

OtherBusiness

No business other than the matters described above is expected to come before the Meeting, but should any other matter requiring a vote of shareholders arise, including any questions as to an adjournment or postponement of the Meeting, the persons designated as proxies named on the enclosed proxy card will vote on such matters in accordance with the views of management.

By Order of the BoardBoards of Directors of DFAIDG

November 15, 2021

Exhibit A-1 - Nominating Committee Charter

Nominating Committee Charter

of the Boards of Directors Trustees of DFAITC, DEM, and ETF Trust,

Carolyn L. O

Vice President and Secretary

November 15, 2021

EXHIBIT LIST

ExhibitA

ListofFeederFundsandTheirCorrespondingMasterFunds

Exhibit B-1

Nominating Committee
Charter

oftheBoardsofDirectorsof

DFA Investment Dimensions Group Inc. (“DFAIDG”) and

DimensionalInvestmentGroupInc.(“DIG”)and

oftheBoardsofTrustees of

Dimensional Emerging Markets Value Fund Inc. (“DEM”),

The DFA Investment Trust Company (“DFAITC”), and

DimensionalETFTrust(“DETFT”)

The Nominating Committee (the “Committee”) is a committee of, and established by, the Boards of Directors/Trustees (the “Board”) of DFAIDG, DIG, DEM, DFAITC, and DETFT (each a “Fund,” and together, the “Funds”). The Committee consists of such number of members as set by the Board, from time to time, and its members shall be selected by the Board. The Committee shall be comprised entirely of “independent members.” For purposes of this Charter, independent members shall mean members who are not “interested persons” of the Funds (“Disinterested Board members”) as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended (the “1940 Act”).

1.               The Committee shall make recommendations for nominations for Disinterested Board members on the Board to the incumbent Disinterested Board members and to the full Board. The Committee shall evaluate candidates’ qualifications for Board membership and the independence of such candidates from the Funds’ investment advisor and other principal service providers. Persons selected must be independent in terms of both the letter and the spirit of the 1940 Act. The Committee also shall consider the effect of any relationships beyond those delineated in the 1940 Act that might impair independence; e.g., business, financial, or family relationships with investment advisors or service providers.

2.               The Committee also shall evaluate candidates’ qualifications and make recommendations for “interested” members on the Board to the full Board.

3.               The Committee may consider the factors listed in Schedule A to evaluate candidates for membership on the Board. The Committee also may, from time to time, establish specific requirements and/or additional factors to be considered for Board candidates as the Committee deems necessary or appropriate.

4.               The Committee shall review recommendations from Qualifying Fund Shareholders (as defined in Schedule A) for nominations to fill vacancies on the Board if such recommendations are submitted in accordance with the procedures described in Schedule A.

1.               The Committee shall meet as often as it deems appropriate.

2.               The Committee shall have the resources and authority appropriate to discharge its responsibilities, including authority to retain special counsel and other experts or consultants at the expense of the Funds.

3.               The Committee shall report its activities to the Board and make such recommendations as the Committee may deem necessary or appropriate.

4.               A majority of the members of the Committee shall constitute a quorum for the transaction of business at any meeting of the Committee. The action of a majority of the members of the Committee present at a meeting at which a quorum is present shall be the action of the Committee. The Committee may meet in person or by telephone, and a majority of the members of the Committee may act by written consent to the extent permitted by law and by the Funds’ Bylaws. In the event of any inconsistency between this Charter and the Funds’ organizational documents, the provisions of the Funds’ organizational documents shall be given precedence.

5.              The Committee shall review this Charter at least annually and recommend any changes to the full Board.

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As adopted September 16, 2008, and as amended September 18, 2020; Schedule A to the Charter was amended June 22, 2011.

ScheduleA

NOMINATION AND APPOINTMENT POLICY

1.        The Committee believes that it is in the best interests of the Funds and their shareholders to obtain highly-qualified candidates to serve as members of the Board.

2.        In nominating candidates, the Committee believes that no specific minimum qualifications or disqualifications are controlling or paramount, or that any specific educational background, qualities, skills, or prior business and professional experience are necessary for each candidate to possess in order to be considered for nomination. The Committee shall take into consideration such factors as the Committee deems appropriate. These factors, which may change over time or have different weight, may include:

3.       While the Committee is solely responsible for the selection and recommendation to the Board of Disinterested Board candidates, the Committee will consider nominees recommended by Qualifying Fund Shareholders if a vacancy occurs among Board members. A Qualifying Fund Shareholder is a shareholder, or group of shareholders, that: (i) owns of record, or beneficially through a financial intermediary, 5% or more of a Fund’s outstanding shares, and (ii) has owned such shares for 12 months or more prior to submitting the recommendation to the Committee. Such recommendations shall be directed to the Secretary of the Funds at such address as is set forth in the Funds’ disclosure documents. The Qualifying Fund Shareholder’s letter should include: (i) the name and address of the Qualifying Fund Shareholder making the recommendation; (ii) the number of shares of each series of shares of the Fund that are owned of record and beneficially by such Qualifying Fund Shareholder, and the length of time that such shares have been so owned by the Qualifying Fund Shareholder; (iii) a description of all arrangements and understandings between such Qualifying Fund Shareholder and any other person or persons (naming such person or persons) pursuant to which the recommendation is being made; (iv) the name and address of the nominee; and (v) the nominee’s resume or curriculum vitae. The Qualifying Fund Shareholder’s letter must be accompanied by a written consent of the individual to stand for election if nominated for the Board and to serve if elected by shareholders. The Committee also may seek such additional information about the nominee as the Committee considers appropriate, including information relating to such nominee that is required to be disclosed in solicitations or proxies for the election of Board members.

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Exhibit A-2B-2 -

List of Executive Officers of the Company

List of Executive Officers of the CompanyFund Companies

Below is the name, year of birth, information regarding positions with the CompanyFund Companies and the principal occupation for each officer of the Company.Fund Companies. The address of each officer is 6300 Bee Cave Road, Building One, Austin, TX 78746. Each of the officers listed below holds the same office (except as otherwise noted) in the following entities: Dimensional Fund Advisors LP, Dimensional Holdings Inc., Dimensional Investment LLC, DFA Securities LLC, the Company,DFA Investment Dimensions Group Inc., Dimensional Investment Group Inc., The DFA Investment Trust Company, and Dimensional Emerging Markets Value Fund, and Dimensional ETF Trust (collectively, the “DFA Entities”).

Exhibit A-3B-3 - Pre-Approval Policies and Procedures of the Audit Committee

Pre-Approval Policies and Procedures 

Asas adopted by the
Audit Committees
of 

DFA Investment Dimensions Group Inc.
Dimensional Emerging Markets Value Fund
Dimensional Investment Group Inc. 

The DFA Investment Trust Company

(together, the “Funds”)

The Sarbanes-Oxley Act of 2002 (the “Act”) and the rules (the “Rules”) adopted by the U.S. Securities and Exchange Commission (the “SEC”) require that the Funds’ Audit Committees (together, the “Committee”) pre-approve all audit services and non-audit services provided to the Funds by their independent registered public accounting firm (the “Auditor”). The Act and the Rules also require that the Committee pre-approve all non-audit services provided by the Auditor to Dimensional Fund Advisors LP (“Dimensional”), the Funds’ investment advisor, and to affiliates of Dimensional that provide ongoing services to the Funds (with Dimensional, together the “Service Affiliates”) if the services directly impact the Funds’ operations and financial reporting.

The following policies and procedures govern the ways in which the Committee will pre-approve audit and various types of non-audit services that the Auditor provides to the Funds and to Service Affiliates. These policies and procedures do not apply in the case of audit services that the Auditor provides to Service Affiliates, nor do they apply to services that an audit firm other than the Auditor provides to such entities.

These policies and procedures comply with the requirements for pre-approval, but also provide mechanisms by which management of the Funds may request and secure pre-approval of audit and non-audit services in an orderly manner with minimal disruption to normal business operations. Pre-approval of non-audit services may be achieved through a combination of the procedures described in Sections C and D below.

In considering any requested non-audit services or proposed material change in such services, the Designated Member’s authority shall be limited to approving non-audit services or proposed material changes that do not exceed $10,000 in value in any fiscal year.

* * * * * *

Adopted January 15, 2004, and as amended September 13, 2005, September 17, 2009, December 16, 2010, and September 9, 2013.

Pre-Approval Policies and Procedures

as adopted by the

Audit Committee

of

Dimensional ETF Trust

(the “Fund”)

The Sarbanes-Oxley Act of 2002 (the “Act”) and the rules (the “Rules”) adopted by the U.S. Securities and Exchange Commission (the “SEC”) require that the Fund’s Audit Committee (the “Committee”) pre-approve all audit services and non-audit services provided to the Fund by its independent registered public accounting firm (the “Auditor”). The Act and the Rules also require that the Committee pre-approve all non-audit services provided by the Auditor to Dimensional Fund Advisors LP (“Dimensional”), the Fund’s investment advisor, and to affiliates of Dimensional that provide ongoing services to the Fund (with Dimensional, together the “Service Affiliates”) if the services directly impact the Fund’s operations and financial reporting.

The following policies and procedures govern the ways in which the Committee will pre-approve audit and various types of non-audit services that the Auditor provides to the Fund and to Service Affiliates. These policies and procedures do not apply in the case of audit services that the Auditor provides to Service Affiliates, nor do they apply to services that an audit firm other than the Auditor provides to such entities.

These policies and procedures comply with the requirements for pre-approval, but also provide mechanisms by which management of the Fund may request and secure pre-approval of audit and non-audit services in an orderly manner with minimal disruption to normal business operations. Pre-approval of non-audit services may be achieved through a combination of the procedures described in Sections C and D below.

A. General

1. The Committee must pre-approve all audit services and non-audit services that the Auditor provides to the Fund.

2. The Committee must pre-approve any engagement of the Auditor to provide non-audit services to any Service Affiliate during the period of the Auditor’s engagement to provide audit services to the Fund, if the non-audit services to the Service Affiliate directly impact the Fund’s operations and financial reporting.

B. Pre-Approval of Audit Services to the Fund

1. The Committee shall approve the engagement of an independent registered public accounting firm to certify the Fund’s financial statements for each fiscal year (the “Engagement”). The approval of the Engagement shall not be delegated to a Designated Member (as that term is defined in Section D below). In approving the Engagement, the Committee shall obtain, review and consider sufficient information concerning the proposed Auditor to enable the Committee to make a reasonable evaluation of the Auditor’s qualifications and independence. The Committee also shall consider the Auditor’s proposed fees for the Engagement, in light of the scope and nature of the audit services that the Fund will receive.

2. The Committee shall report to the Board of Trustees of the Fund (the “Board”) regarding its approval of the Engagement and of the proposed fees for the Engagement, and the basis for such approval.

3. Unless otherwise required in accordance with applicable law, the Engagement, in any event, shall require that the Auditor be selected by the vote, cast in person, of a majority of the members of the Board who are not “interested persons” of the Fund (as that term is defined in Section 2(a)(19) of the Investment Company Act of 1940) (the “Independent Directors”).

C. Pre-Approval of Non-Audit Services to the Fund and to Service Affiliates—by Types of Services

1. The Committee may pre-approve types of non-audit services (including tax services) to the Fund and its Service Affiliates pursuant to this Section C.

2. Annually, at such time as the Committee considers the Engagement of the Auditor, management of the Fund, in consultation with the Auditor, shall provide to the Committee, for its consideration and action, the following: (a) a list of those types of non-audit services, if any, that the Fund may request from the Auditor during the fiscal year; and (b) a list of those types of non-audit services directly impacting the Fund’s operations and financial reporting that Service Affiliates may request from the Auditor during the fiscal year.

3. The lists submitted to the Committee shall describe the types of non-audit services in reasonable detail (which may include a range of tax services) and shall include an estimated budget (or budgeted range) of fees, where possible, and such other information as the Committee may request. If management and the Auditor desire the Committee to preapprove the furnishing of a range of tax services, the Auditor shall provide an estimated range of fees for such tax services for the consideration and approval by the Committee.

4. The Committee’s pre-approval of the types of non-audit services submitted pursuant to this Section C shall constitute authorization for management of the Fund to utilize the Auditor for the types of non-audit services so pre-approved, if needed or desired during the fiscal year.

5. A list of the types of non-audit services pre-approved by the Committee pursuant to this Section C will be distributed to management of the Service Affiliates and the appropriate partners of the Auditor. Periodically, the Auditor will discuss with the Committee those non-audit services that have been or are being provided pursuant to this Section C.

D. Pre-Approval of Non-Audit Services to the Fund and to Service Affiliates—Project-by-Project Basis

1. The Committee also may pre-approve non-audit services on a project-by-project basis pursuant to this Section D.

2. Management of the Fund, in consultation with the Auditor, may submit either to the Committee or to the Designated Member, as provided in this Section D, for their consideration and action, a pre-approval request identifying one or more non-audit service projects. The request so submitted shall describe the project(s) in reasonable detail and shall include an estimated budget (or budgeted range) of fees and such other information as the Committee or the Designated Member, as appropriate, shall request.

3. The Committee, from time to time, shall designate one or more of its members who are Independent Directors (each a “Designated Member”) to consider, on the Committee’s behalf, any non-audit services, whether to the Fund or to any Service Affiliate, that have not been pre-approved by the Committee. The Designated Member also shall review, on the Committee’s behalf, any proposed material change in the nature or extent of any non-audit services previously approved. The Fund’s management, in consultation with the Auditor, shall explain why such non-audit services or material change in non-audit services are necessary and appropriate and the anticipated costs thereof.

4. The Designated Member will review the requested non-audit services or proposed material change in such services and will either:

(a) pre-approve, pre-approve subject to conditions, or disapprove any such requested services, or any proposed material change in services, whether to the Fund or to a Service Affiliate; or

(b) refer such matter to the full Committee for its consideration and action.

In considering any requested non-audit services or proposed material change in such services, the Designated Member’s authority shall be limited to approving non-audit services or proposed material changes that do not exceed $10,000 in value in any fiscal year.

5. The Designated Member’s pre-approval (or pre-approval subject to conditions) of the requested non-audit services or proposed material change in services pursuant to this Section D shall constitute authorization for the management of the Fund or the Service Affiliate, as the case may be, to utilize the Auditor for the non-audit services so pre-approved. Any action by the Designated Member in approving a requested non-audit service shall be presented for ratification by the Committee not later than at its next scheduled meeting. If the Designated Member does not approve the Auditor providing the requested non-audit service, the matter may be presented to the full Committee for its consideration and action.

E. Amendment; Annual Review

1. The Committee may amend these procedures from time to time.

2. These procedures shall be reviewed annually by the Committee.

F. Recordkeeping

1. The Fund shall maintain a written record of all decisions made by the Committee or by a Designated Member pursuant to these procedures, together with appropriate supporting materials.

2. In connection with the approval of any non-audit service pursuant to the de minimis exception provided in the Rules, a record shall be made indicating that each of the conditions for this exception, as set forth in the Rules, has been satisfied.

3. A copy of these Procedures (and of any amendments to these Procedures) shall be maintained and preserved permanently in an easily accessible place. The written records referred to in paragraphs 1 and 2 of this Section F shall be maintained and preserved for six years from the end of the fiscal year in which the actions recorded were taken, for at least the first two years in an easily accessible location.

* * * * * *

Adopted September 18, 2020.

Exhibit BC -

List of Funds for which DFA Australia Provides Sub-Advisory Services

DFAIDG

Exhibit D

List of Funds for which DFA London Provides Sub-Advisory Services

Exhibit E-1

List of Funds for which State Street
Serves as Custodian