DIMENSIONAL INVESTMENT GROUP
INC.
PORTFOLIO HOLDINGS REPORT
July 31, 2021
(UNAUDITED)
Table of Contents
THE DFA INVESTMENT TRUST
COMPANY
SCHEDULES OF INVESTMENTS
The U.S. Large Cap Value
Series
The DFA International Value
Series
The Emerging Markets Series
The Tax-Managed U.S. Marketwide
Value Series
NOTES TO SCHEDULES OF
INVESTMENTS
Organization
Security Valuation
Financial Instruments
Federal Tax Cost
Recently Issued Accounting
Standards
Other
Subsequent Event Evaluations
DIMENSIONAL INVESTMENT GROUP
INC.
THE DFA INVESTMENT TRUST
COMPANY
DEFINITIONS OF ABBREVIATIONS
AND FOOTNOTES
Schedules of Investments
Investment Abbreviations | |
P.L.C. | Public Limited Company |
LIBOR | London Interbank Offered Rate |
SA | Special Assessment |
SOFR | Secured Overnight Financing Rate |
USTMMR | U.S. Treasury Money Market Rate |
USD | United States Dollar |
Investment Footnotes | |
† | See Security Valuation Note within the Notes to Schedules of Investments. |
* | Non-Income Producing Securities. |
# | Total or Partial Securities on Loan. |
@ | Security purchased with cash collateral received from Securities on Loan. |
§ | Affiliated Fund. |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. |
(r) | The adjustable rate shown is effective as of July 31, 2021. |
Ω | Rule 144A, Section 4(2), or other security that is restricted as to resale to institutional investors. This security has been deemed liquid based upon the Fund’s Liquidity Guidelines. The liquidity determination is unaudited. |
U.S. Large Company
Portfolio
SCHEDULE OF INVESTMENTS
July 31, 2021
(Unaudited)
Shares | Value† | ||||
COMMON STOCKS — (99.6%) | |||||
COMMUNICATION SERVICES — (11.2%) | |||||
Activision Blizzard, Inc. | 247,980 | $20,736,088 | |||
* | Alphabet, Inc., Class A | 96,192 | 259,192,230 | ||
* | Alphabet, Inc., Class C | 91,076 | 246,307,756 | ||
AT&T, Inc. | 2,283,682 | 64,057,280 | |||
* | Charter Communications, Inc., Class A | 44,051 | 32,776,147 | ||
Comcast Corp., Class A | 1,466,433 | 86,270,253 | |||
#* | Discovery, Inc., Class A | 54,609 | 1,584,207 | ||
* | Discovery, Inc., Class C | 97,155 | 2,633,872 | ||
* | DISH Network Corp., Class A | 79,768 | 3,341,482 | ||
Electronic Arts, Inc. | 91,199 | 13,129,008 | |||
* | Facebook, Inc., Class A | 766,360 | 273,054,068 | ||
Fox Corp., Class A | 103,893 | 3,704,824 | |||
Fox Corp., Class B | 49,979 | 1,661,302 | |||
Interpublic Group of Cos., Inc. (The) | 126,768 | 4,482,516 | |||
* | Live Nation Entertainment, Inc. | 46,106 | 3,637,302 | ||
Lumen Technologies, Inc. | 319,596 | 3,985,362 | |||
* | Netflix, Inc. | 141,820 | 73,401,777 | ||
News Corp., Class A | 125,601 | 3,093,553 | |||
News Corp., Class B | 40,897 | 961,488 | |||
Omnicom Group, Inc. | 68,154 | 4,962,974 | |||
* | Take-Two Interactive Software, Inc. | 37,222 | 6,455,039 | ||
* | T-Mobile US, Inc. | 187,280 | 26,972,066 | ||
* | Twitter, Inc. | 255,908 | 17,849,583 | ||
Verizon Communications, Inc. | 1,324,174 | 73,862,426 | |||
ViacomCBS, Inc., Class B | 193,488 | 7,919,464 | |||
* | Walt Disney Co. (The) | 581,134 | 102,291,207 | ||
TOTAL COMMUNICATION SERVICES | 1,338,323,274 | ||||
CONSUMER DISCRETIONARY — (12.0%) | |||||
Advance Auto Parts, Inc. | 21,081 | 4,470,437 | |||
* | Amazon.com, Inc. | 137,109 | 456,242,537 | ||
* | Aptiv P.L.C. | 86,809 | 14,484,082 | ||
* | AutoZone, Inc. | 6,928 | 11,248,093 | ||
Bath & Body Works, Inc. | 84,841 | 6,793,219 | |||
Best Buy Co., Inc. | 71,178 | 7,996,848 | |||
* | Booking Holdings, Inc. | 13,128 | 28,596,197 | ||
BorgWarner, Inc. | 76,734 | 3,758,431 | |||
* | Caesars Entertainment, Inc. | 67,268 | 5,876,533 | ||
* | CarMax, Inc. | 52,417 | 7,021,257 | ||
#* | Carnival Corp. | 256,084 | 5,544,219 | ||
* | Chipotle Mexican Grill, Inc. | 8,987 | 16,746,735 | ||
Darden Restaurants, Inc. | 41,970 | 6,122,584 | |||
Dollar General Corp. | 75,374 | 17,535,007 | |||
* | Dollar Tree, Inc. | 73,747 | 7,359,213 | ||
Domino's Pizza, Inc. | 12,341 | 6,485,072 | |||
DR Horton, Inc. | 104,927 | 10,013,184 | |||
eBay, Inc. | 206,503 | 14,085,570 | |||
* | Etsy, Inc. | 40,852 | 7,496,751 | ||
* | Expedia Group, Inc. | 45,124 | 7,259,098 | ||
* | Ford Motor Co. | 1,252,198 | 17,468,162 | ||
Gap, Inc. (The) | 67,010 | 1,954,682 | |||
Garmin, Ltd. | 48,210 | 7,578,612 | |||
* | General Motors Co. | 407,602 | 23,168,098 |
U.S. Large Company Portfolio
CONTINUED
Shares | Value† | ||||
CONSUMER DISCRETIONARY — (Continued) | |||||
Genuine Parts Co. | 46,495 | $5,901,145 | |||
# | Hanesbrands, Inc. | 112,288 | 2,050,379 | ||
Hasbro, Inc. | 41,267 | 4,103,590 | |||
* | Hilton Worldwide Holdings, Inc. | 89,065 | 11,707,594 | ||
Home Depot, Inc. (The) | 340,076 | 111,609,542 | |||
* | Las Vegas Sands Corp. | 104,562 | 4,428,201 | ||
Leggett & Platt, Inc. | 42,092 | 2,021,679 | |||
Lennar Corp., Class A | 87,803 | 9,232,485 | |||
* | LKQ Corp. | 89,607 | 4,547,555 | ||
Lowe's Cos., Inc. | 226,094 | 43,566,053 | |||
* | Marriott International, Inc., Class A | 85,649 | 12,503,041 | ||
McDonald's Corp. | 238,659 | 57,924,926 | |||
MGM Resorts International | 130,813 | 4,909,412 | |||
* | Mohawk Industries, Inc. | 18,893 | 3,682,246 | ||
Newell Brands, Inc. | 121,048 | 2,995,938 | |||
NIKE, Inc., Class B | 407,786 | 68,308,233 | |||
#* | Norwegian Cruise Line Holdings, Ltd. | 119,908 | 2,881,389 | ||
* | NVR, Inc. | 1,097 | 5,729,192 | ||
* | O'Reilly Automotive, Inc. | 22,388 | 13,518,770 | ||
#* | Penn National Gaming, Inc. | 47,886 | 3,274,445 | ||
Pool Corp. | 12,854 | 6,141,898 | |||
PulteGroup, Inc. | 85,004 | 4,664,169 | |||
* | PVH Corp. | 22,839 | 2,389,416 | ||
Ralph Lauren Corp. | 15,527 | 1,762,625 | |||
Ross Stores, Inc. | 114,461 | 14,043,220 | |||
* | Royal Caribbean Cruises, Ltd. | 69,739 | 5,360,837 | ||
Starbucks Corp. | 376,872 | 45,763,567 | |||
* | Tapestry, Inc. | 88,102 | 3,726,715 | ||
Target Corp. | 158,230 | 41,305,942 | |||
* | Tesla, Inc. | 246,492 | 169,389,302 | ||
TJX Cos., Inc. (The) | 385,556 | 26,530,108 | |||
Tractor Supply Co. | 36,610 | 6,623,847 | |||
* | Ulta Beauty, Inc. | 17,634 | 5,921,497 | ||
* | Under Armour, Inc., Class A | 58,938 | 1,205,282 | ||
* | Under Armour, Inc., Class C | 64,300 | 1,126,536 | ||
VF Corp. | 102,988 | 8,259,638 | |||
Whirlpool Corp. | 20,193 | 4,473,557 | |||
* | Wynn Resorts, Ltd. | 33,948 | 3,338,107 | ||
Yum! Brands, Inc. | 95,618 | 12,563,249 | |||
TOTAL CONSUMER DISCRETIONARY | 1,434,789,948 | ||||
CONSUMER STAPLES — (5.8%) | |||||
Altria Group, Inc. | 591,591 | 28,420,032 | |||
Archer-Daniels-Midland Co. | 177,938 | 10,626,457 | |||
Brown-Forman Corp., Class B | 57,826 | 4,101,020 | |||
Campbell Soup Co. | 65,884 | 2,880,448 | |||
Church & Dwight Co., Inc. | 77,901 | 6,744,669 | |||
Clorox Co. (The) | 39,563 | 7,156,551 | |||
Coca-Cola Co. (The) | 1,241,157 | 70,783,184 | |||
Colgate-Palmolive Co. | 270,359 | 21,493,540 | |||
Conagra Brands, Inc. | 154,706 | 5,181,104 | |||
Constellation Brands, Inc., Class A | 53,853 | 12,081,382 | |||
Costco Wholesale Corp. | 141,393 | 60,759,400 | |||
Estee Lauder Cos., Inc. (The), Class A | 74,057 | 24,722,448 | |||
General Mills, Inc. | 194,630 | 11,455,922 | |||
Hershey Co. (The) | 46,899 | 8,389,293 | |||
# | Hormel Foods Corp. | 90,939 | 4,217,751 | ||
JM Smucker Co. (The) | 35,347 | 4,634,345 | |||
Kellogg Co. | 79,840 | 5,058,662 |
U.S. Large Company Portfolio
CONTINUED
Shares | Value† | ||||
CONSUMER STAPLES — (Continued) | |||||
Kimberly-Clark Corp. | 108,123 | $14,674,454 | |||
Kraft Heinz Co. (The) | 206,307 | 7,936,630 | |||
Kroger Co. (The) | 241,297 | 9,820,788 | |||
Lamb Weston Holdings, Inc. | 47,410 | 3,165,566 | |||
McCormick & Co., Inc. | 79,603 | 6,700,184 | |||
* | Molson Coors Beverage Co., Class B | 61,186 | 2,991,384 | ||
Mondelez International, Inc., Class A | 449,171 | 28,414,557 | |||
* | Monster Beverage Corp. | 118,710 | 11,196,727 | ||
PepsiCo, Inc. | 441,906 | 69,357,147 | |||
Philip Morris International, Inc. | 498,488 | 49,893,664 | |||
Procter & Gamble Co. (The) | 783,051 | 111,373,344 | |||
Sysco Corp. | 162,953 | 12,091,113 | |||
Tyson Foods, Inc., Class A | 94,209 | 6,732,175 | |||
Walgreens Boots Alliance, Inc. | 228,600 | 10,778,490 | |||
Walmart, Inc. | 439,162 | 62,602,543 | |||
TOTAL CONSUMER STAPLES | 696,434,974 | ||||
ENERGY — (2.5%) | |||||
APA Corp. | 123,487 | 2,315,381 | |||
Baker Hughes Co. | 234,992 | 4,991,230 | |||
Cabot Oil & Gas Corp. | 129,905 | 2,078,480 | |||
Chevron Corp. | 618,180 | 62,936,906 | |||
ConocoPhillips | 431,603 | 24,195,664 | |||
Devon Energy Corp. | 190,461 | 4,921,512 | |||
Diamondback Energy, Inc. | 58,224 | 4,490,817 | |||
EOG Resources, Inc. | 186,921 | 13,619,064 | |||
Exxon Mobil Corp. | 1,354,070 | 77,953,810 | |||
Halliburton Co. | 286,094 | 5,916,424 | |||
Hess Corp. | 88,212 | 6,742,925 | |||
Kinder Morgan, Inc. | 625,109 | 10,864,395 | |||
Marathon Oil Corp. | 251,754 | 2,917,829 | |||
Marathon Petroleum Corp. | 203,091 | 11,214,685 | |||
* | NOV, Inc. | 125,317 | 1,730,628 | ||
Occidental Petroleum Corp. | 268,470 | 7,007,067 | |||
ONEOK, Inc. | 141,634 | 7,360,719 | |||
Phillips 66 | 140,590 | 10,323,524 | |||
Pioneer Natural Resources Co. | 74,313 | 10,802,881 | |||
Schlumberger, N.V. | 445,656 | 12,848,263 | |||
Valero Energy Corp. | 131,294 | 8,792,759 | |||
Williams Cos., Inc. (The) | 386,947 | 9,693,022 | |||
TOTAL ENERGY | 303,717,985 | ||||
FINANCIALS — (10.9%) | |||||
Aflac, Inc. | 202,533 | 11,139,315 | |||
Allstate Corp. (The) | 95,953 | 12,478,688 | |||
American Express Co. | 208,114 | 35,489,680 | |||
American International Group, Inc. | 273,913 | 12,969,780 | |||
Ameriprise Financial, Inc. | 37,062 | 9,545,689 | |||
Aon P.L.C., Class A | 72,087 | 18,744,783 | |||
Arthur J Gallagher & Co. | 65,231 | 9,087,331 | |||
Assurant, Inc. | 19,586 | 3,090,867 | |||
Bank of America Corp. | 2,411,939 | 92,521,980 | |||
Bank of New York Mellon Corp. (The) | 257,123 | 13,198,124 | |||
* | Berkshire Hathaway, Inc., Class B | 606,216 | 168,703,851 | ||
BlackRock, Inc. | 45,370 | 39,343,503 | |||
Capital One Financial Corp. | 144,132 | 23,306,144 | |||
Cboe Global Markets, Inc. | 33,697 | 3,992,084 | |||
Charles Schwab Corp. (The) | 479,718 | 32,596,838 |
U.S. Large Company Portfolio
CONTINUED
Shares | Value† | ||||
FINANCIALS — (Continued) | |||||
Chubb, Ltd. | 143,598 | $24,230,726 | |||
Cincinnati Financial Corp. | 48,096 | 5,669,556 | |||
Citigroup, Inc. | 661,132 | 44,705,746 | |||
Citizens Financial Group, Inc. | 136,988 | 5,775,414 | |||
CME Group, Inc. | 114,854 | 24,363,979 | |||
Comerica, Inc. | 44,579 | 3,060,794 | |||
Discover Financial Services | 97,547 | 12,127,043 | |||
Everest Re Group, Ltd. | 12,771 | 3,228,892 | |||
Fifth Third Bancorp | 224,990 | 8,164,887 | |||
First Republic Bank | 56,334 | 10,986,257 | |||
Franklin Resources, Inc. | 87,887 | 2,597,061 | |||
Globe Life, Inc. | 29,980 | 2,791,438 | |||
Goldman Sachs Group, Inc. (The) | 108,816 | 40,792,942 | |||
Hartford Financial Services Group, Inc. (The) | 114,363 | 7,275,774 | |||
Huntington Bancshares, Inc. | 474,510 | 6,681,101 | |||
Intercontinental Exchange, Inc. | 179,732 | 21,537,286 | |||
Invesco, Ltd. | 120,692 | 2,942,471 | |||
JPMorgan Chase & Co. | 968,207 | 146,954,458 | |||
KeyCorp | 309,235 | 6,079,560 | |||
Lincoln National Corp. | 57,754 | 3,558,801 | |||
Loews Corp. | 71,114 | 3,813,844 | |||
M&T Bank Corp. | 40,808 | 5,462,151 | |||
MarketAxess Holdings, Inc. | 12,048 | 5,724,848 | |||
Marsh & McLennan Cos., Inc. | 162,538 | 23,928,844 | |||
MetLife, Inc. | 237,200 | 13,686,440 | |||
Moody's Corp. | 51,376 | 19,317,376 | |||
Morgan Stanley | 476,078 | 45,693,966 | |||
MSCI, Inc., Class A | 26,391 | 15,727,980 | |||
Nasdaq, Inc. | 36,638 | 6,841,414 | |||
Northern Trust Corp. | 66,476 | 7,501,817 | |||
People's United Financial, Inc. | 139,299 | 2,186,994 | |||
PNC Financial Services Group, Inc. (The) | 135,782 | 24,767,995 | |||
Principal Financial Group, Inc. | 81,381 | 5,056,201 | |||
Progressive Corp. (The) | 186,902 | 17,785,594 | |||
Prudential Financial, Inc. | 126,502 | 12,685,621 | |||
Raymond James Financial, Inc. | 39,031 | 5,053,734 | |||
Regions Financial Corp. | 306,551 | 5,901,107 | |||
S&P Global, Inc. | 77,022 | 33,020,872 | |||
State Street Corp. | 111,266 | 9,695,719 | |||
* | SVB Financial Group | 18,048 | 9,925,678 | ||
Synchrony Financial | 171,954 | 8,085,277 | |||
T Rowe Price Group, Inc. | 72,797 | 14,862,235 | |||
Travelers Cos., Inc. (The) | 80,490 | 11,986,571 | |||
Truist Financial Corp. | 429,846 | 23,396,518 | |||
U.S. Bancorp. | 433,106 | 24,054,707 | |||
Unum Group | 64,284 | 1,761,382 | |||
Wells Fargo & Co. | 1,322,096 | 60,737,090 | |||
Willis Towers Watson P.L.C. | 41,248 | 8,500,388 | |||
WR Berkley Corp. | 44,192 | 3,233,529 | |||
Zions Bancorp NA | 52,329 | 2,728,957 | |||
TOTAL FINANCIALS | 1,302,857,692 | ||||
HEALTH CARE — (13.4%) | |||||
Abbott Laboratories | 568,304 | 68,753,418 | |||
AbbVie, Inc. | 564,915 | 65,699,614 | |||
* | ABIOMED, Inc. | 14,394 | 4,708,853 | ||
Agilent Technologies, Inc. | 96,790 | 14,831,132 | |||
* | Align Technology, Inc. | 22,991 | 15,997,138 | ||
AmerisourceBergen Corp. | 47,690 | 5,826,287 |
U.S. Large Company Portfolio
CONTINUED
Shares | Value† | ||||
HEALTH CARE — (Continued) | |||||
Amgen, Inc. | 183,767 | $44,387,081 | |||
Anthem, Inc. | 78,311 | 30,072,207 | |||
Baxter International, Inc. | 161,386 | 12,483,207 | |||
Becton Dickinson and Co. | 92,967 | 23,776,310 | |||
* | Biogen, Inc. | 48,016 | 15,688,268 | ||
* | Bio-Rad Laboratories, Inc., Class A | 6,945 | 5,135,897 | ||
* | Boston Scientific Corp. | 454,469 | 20,723,786 | ||
Bristol-Myers Squibb Co. | 714,507 | 48,493,590 | |||
Cardinal Health, Inc. | 92,618 | 5,499,657 | |||
* | Catalent, Inc. | 54,288 | 6,504,245 | ||
* | Centene Corp. | 185,840 | 12,750,482 | ||
Cerner Corp. | 96,896 | 7,789,469 | |||
* | Charles River Laboratories International, Inc. | 16,186 | 6,586,407 | ||
Cigna Corp. | 109,689 | 25,172,529 | |||
Cooper Cos., Inc. (The) | 15,829 | 6,676,197 | |||
CVS Health Corp. | 421,096 | 34,681,467 | |||
Danaher Corp. | 203,042 | 60,402,965 | |||
* | DaVita, Inc. | 22,291 | 2,680,493 | ||
DENTSPLY SIRONA, Inc. | 69,491 | 4,589,186 | |||
* | DexCom, Inc. | 30,823 | 15,889,565 | ||
* | Edwards Lifesciences Corp. | 198,484 | 22,283,799 | ||
Eli Lilly and Co. | 254,592 | 61,993,152 | |||
Gilead Sciences, Inc. | 401,115 | 27,392,143 | |||
HCA Healthcare, Inc. | 84,001 | 20,849,048 | |||
* | Henry Schein, Inc. | 44,429 | 3,560,984 | ||
* | Hologic, Inc. | 81,762 | 6,135,420 | ||
Humana, Inc. | 41,354 | 17,611,014 | |||
* | IDEXX Laboratories, Inc. | 27,237 | 18,481,122 | ||
* | Illumina, Inc. | 46,660 | 23,131,695 | ||
* | Incyte Corp. | 59,426 | 4,596,601 | ||
* | Intuitive Surgical, Inc. | 37,874 | 37,550,556 | ||
* | IQVIA Holdings, Inc. | 61,112 | 15,137,442 | ||
Johnson & Johnson | 842,274 | 145,039,583 | |||
* | Laboratory Corp. of America Holdings | 31,067 | 9,200,492 | ||
McKesson Corp. | 50,430 | 10,279,147 | |||
Medtronic P.L.C. | 430,318 | 56,505,057 | |||
Merck & Co., Inc. | 809,862 | 62,254,092 | |||
* | Mettler-Toledo International, Inc. | 7,449 | 10,977,666 | ||
* | Moderna, Inc. | 97,604 | 34,512,774 | ||
* | Organon & Co. | 81,899 | 2,375,890 | ||
PerkinElmer, Inc. | 36,037 | 6,567,023 | |||
Perrigo Co. P.L.C. | 42,191 | 2,026,434 | |||
Pfizer, Inc. | 1,790,386 | 76,646,425 | |||
Quest Diagnostics, Inc. | 42,063 | 5,964,533 | |||
* | Regeneron Pharmaceuticals, Inc. | 33,427 | 19,207,488 | ||
ResMed, Inc. | 46,402 | 12,612,064 | |||
STERIS P.L.C. | 31,400 | 6,843,630 | |||
Stryker Corp. | 104,835 | 28,403,995 | |||
Teleflex, Inc. | 15,057 | 5,984,104 | |||
Thermo Fisher Scientific, Inc. | 125,707 | 67,883,037 | |||
UnitedHealth Group, Inc. | 301,837 | 124,423,248 | |||
Universal Health Services, Inc., Class B | 25,206 | 4,043,294 | |||
* | Vertex Pharmaceuticals, Inc. | 82,730 | 16,676,713 | ||
Viatris, Inc. | 387,858 | 5,457,162 | |||
* | Waters Corp. | 19,607 | 7,643,005 | ||
West Pharmaceutical Services, Inc. | 23,667 | 9,744,414 | |||
Zimmer Biomet Holdings, Inc. | 66,792 | 10,915,149 | |||
Zoetis, Inc. | 151,851 | 30,780,198 | |||
TOTAL HEALTH CARE | 1,597,489,043 |
U.S. Large Company Portfolio
CONTINUED
Shares | Value† | ||||
INDUSTRIALS — (8.4%) | |||||
3M Co. | 185,405 | $36,699,066 | |||
* | Alaska Air Group, Inc. | 40,654 | 2,359,152 | ||
Allegion P.L.C. | 28,829 | 3,938,041 | |||
* | American Airlines Group, Inc. | 205,938 | 4,197,016 | ||
AMETEK, Inc. | 74,051 | 10,296,792 | |||
AO Smith Corp. | 42,517 | 2,990,221 | |||
* | Boeing Co. (The) | 175,825 | 39,820,846 | ||
Carrier Global Corp. | 260,547 | 14,395,222 | |||
Caterpillar, Inc. | 175,206 | 36,223,841 | |||
# | CH Robinson Worldwide, Inc. | 42,349 | 3,776,260 | ||
Cintas Corp. | 28,270 | 11,143,469 | |||
* | Copart, Inc. | 66,308 | 9,747,276 | ||
CSX Corp. | 726,748 | 23,488,495 | |||
Cummins, Inc. | 46,783 | 10,858,334 | |||
Deere & Co. | 99,773 | 36,076,919 | |||
* | Delta Air Lines, Inc. | 205,552 | 8,201,525 | ||
Dover Corp. | 45,794 | 7,653,093 | |||
Eaton Corp. P.L.C. | 127,179 | 20,100,641 | |||
Emerson Electric Co. | 191,573 | 19,327,800 | |||
Equifax, Inc. | 39,087 | 10,186,072 | |||
Expeditors International of Washington, Inc. | 54,006 | 6,926,270 | |||
Fastenal Co. | 183,056 | 10,025,977 | |||
FedEx Corp. | 77,936 | 21,818,183 | |||
Fortive Corp. | 108,806 | 7,905,844 | |||
Fortune Brands Home & Security, Inc. | 43,835 | 4,272,597 | |||
* | Generac Holdings, Inc. | 20,161 | 8,454,717 | ||
General Dynamics Corp. | 72,982 | 14,306,661 | |||
General Electric Co. | 2,807,791 | 36,360,893 | |||
Honeywell International, Inc. | 222,149 | 51,936,215 | |||
* | Howmet Aerospace, Inc. | 125,050 | 4,104,141 | ||
Huntington Ingalls Industries, Inc. | 12,942 | 2,654,792 | |||
IDEX Corp. | 24,291 | 5,506,527 | |||
IHS Markit, Ltd. | 119,380 | 13,948,359 | |||
Illinois Tool Works, Inc. | 92,153 | 20,888,321 | |||
* | Ingersoll Rand, Inc. | 120,377 | 5,882,824 | ||
Jacobs Engineering Group, Inc. | 41,533 | 5,617,338 | |||
JB Hunt Transport Services, Inc. | 26,782 | 4,511,428 | |||
Johnson Controls International P.L.C. | 228,892 | 16,347,467 | |||
Kansas City Southern | 29,103 | 7,793,783 | |||
L3Harris Technologies, Inc. | 65,774 | 14,913,597 | |||
Leidos Holdings, Inc. | 42,589 | 4,532,321 | |||
Lockheed Martin Corp. | 78,228 | 29,075,001 | |||
Masco Corp. | 81,129 | 4,844,213 | |||
Nielsen Holdings P.L.C. | 115,381 | 2,733,376 | |||
Norfolk Southern Corp. | 80,038 | 20,636,198 | |||
Northrop Grumman Corp. | 47,792 | 17,349,452 | |||
Old Dominion Freight Line, Inc. | 30,505 | 8,210,421 | |||
Otis Worldwide Corp. | 128,635 | 11,519,264 | |||
PACCAR, Inc. | 111,055 | 9,216,454 | |||
Parker-Hannifin Corp. | 41,157 | 12,842,219 | |||
Pentair P.L.C. | 52,981 | 3,903,110 | |||
Quanta Services, Inc. | 44,468 | 4,042,141 | |||
Raytheon Technologies Corp. | 484,592 | 42,135,274 | |||
Republic Services, Inc. | 67,385 | 7,975,689 | |||
Robert Half International, Inc. | 35,755 | 3,511,499 | |||
Rockwell Automation, Inc. | 36,994 | 11,372,695 | |||
Rollins, Inc. | 71,503 | 2,740,710 | |||
Roper Technologies, Inc. | 33,570 | 16,494,284 | |||
Snap-on, Inc. | 17,160 | 3,740,537 |
U.S. Large Company Portfolio
CONTINUED
Shares | Value† | ||||
INDUSTRIALS — (Continued) | |||||
* | Southwest Airlines Co. | 189,812 | $9,589,302 | ||
Stanley Black & Decker, Inc. | 51,745 | 10,196,352 | |||
* | Teledyne Technologies, Inc. | 14,741 | 6,674,283 | ||
Textron, Inc. | 72,860 | 5,028,069 | |||
Trane Technologies P.L.C. | 76,323 | 15,540,126 | |||
* | TransDigm Group, Inc. | 17,599 | 11,282,543 | ||
Union Pacific Corp. | 212,473 | 46,480,594 | |||
* | United Airlines Holdings, Inc. | 104,277 | 4,871,821 | ||
United Parcel Service, Inc., Class B | 231,348 | 44,270,753 | |||
* | United Rentals, Inc. | 23,288 | 7,674,560 | ||
Verisk Analytics, Inc., Class A | 52,094 | 9,894,734 | |||
Waste Management, Inc. | 124,011 | 18,385,871 | |||
Westinghouse Air Brake Technologies Corp. | 56,304 | 4,778,520 | |||
WW Grainger, Inc. | 14,029 | 6,237,013 | |||
Xylem, Inc. | 57,929 | 7,290,365 | |||
TOTAL INDUSTRIALS | 1,000,725,779 | ||||
INFORMATION TECHNOLOGY — (27.7%) | |||||
Accenture P.L.C., Class A | 203,308 | 64,586,885 | |||
* | Adobe, Inc. | 152,885 | 95,037,903 | ||
* | Advanced Micro Devices, Inc. | 388,616 | 41,267,133 | ||
* | Akamai Technologies, Inc. | 52,338 | 6,276,373 | ||
Amphenol Corp., Class A | 191,453 | 13,878,428 | |||
Analog Devices, Inc. | 117,841 | 19,728,940 | |||
* | ANSYS, Inc. | 27,769 | 10,231,766 | ||
Apple, Inc. | 5,017,183 | 731,806,312 | |||
Applied Materials, Inc. | 293,481 | 41,066,796 | |||
* | Arista Networks, Inc. | 17,673 | 6,722,633 | ||
* | Autodesk, Inc. | 70,277 | 22,568,053 | ||
Automatic Data Processing, Inc. | 136,001 | 28,509,890 | |||
Broadcom, Inc. | 130,593 | 63,389,842 | |||
Broadridge Financial Solutions, Inc. | 37,194 | 6,452,787 | |||
* | Cadence Design Systems, Inc. | 88,817 | 13,113,830 | ||
CDW Corp. | 44,591 | 8,175,760 | |||
Cisco Systems, Inc. | 1,347,886 | 74,632,448 | |||
Citrix Systems, Inc. | 39,510 | 3,980,633 | |||
Cognizant Technology Solutions Corp., Class A | 169,269 | 12,446,350 | |||
Corning, Inc. | 248,099 | 10,385,424 | |||
* | DXC Technology Co. | 82,423 | 3,295,272 | ||
* | Enphase Energy, Inc. | 43,339 | 8,217,074 | ||
* | F5 Networks, Inc. | 19,279 | 3,981,306 | ||
Fidelity National Information Services, Inc. | 198,343 | 29,563,024 | |||
* | Fiserv, Inc. | 190,076 | 21,879,648 | ||
* | FleetCor Technologies, Inc. | 26,498 | 6,842,314 | ||
* | Fortinet, Inc. | 43,442 | 11,826,650 | ||
* | Gartner, Inc. | 27,360 | 7,243,013 | ||
Global Payments, Inc. | 94,205 | 18,220,189 | |||
Hewlett Packard Enterprise Co. | 414,323 | 6,007,684 | |||
HP, Inc. | 385,138 | 11,118,934 | |||
Intel Corp. | 1,291,528 | 69,380,884 | |||
International Business Machines Corp. | 285,787 | 40,284,536 | |||
Intuit, Inc. | 87,400 | 46,319,378 | |||
* | IPG Photonics Corp. | 11,633 | 2,537,855 | ||
Jack Henry & Associates, Inc. | 24,011 | 4,180,075 | |||
Juniper Networks, Inc. | 105,965 | 2,981,855 | |||
* | Keysight Technologies, Inc. | 58,940 | 9,698,577 | ||
KLA Corp. | 48,943 | 17,039,995 | |||
Lam Research Corp. | 45,616 | 29,076,095 | |||
Mastercard, Inc., Class A | 279,794 | 107,983,696 |
U.S. Large Company Portfolio
CONTINUED
Shares | Value† | ||||
INFORMATION TECHNOLOGY — (Continued) | |||||
Maxim Integrated Products, Inc. | 86,327 | $8,624,931 | |||
Microchip Technology, Inc. | 87,761 | 12,560,354 | |||
* | Micron Technology, Inc. | 358,636 | 27,822,981 | ||
Microsoft Corp. | 2,408,925 | 686,326,822 | |||
Monolithic Power Systems, Inc. | 13,853 | 6,223,599 | |||
Motorola Solutions, Inc. | 54,283 | 12,155,049 | |||
NetApp, Inc. | 71,686 | 5,705,489 | |||
NortonLifeLock, Inc. | 186,746 | 4,635,036 | |||
NVIDIA Corp. | 797,050 | 155,416,780 | |||
NXP Semiconductors NV | 88,371 | 18,238,891 | |||
Oracle Corp. | 581,036 | 50,631,477 | |||
Paychex, Inc. | 102,287 | 11,642,306 | |||
* | Paycom Software, Inc. | 15,790 | 6,316,000 | ||
* | PayPal Holdings, Inc. | 375,729 | 103,524,611 | ||
* | PTC, Inc. | 33,927 | 4,595,412 | ||
* | Qorvo, Inc. | 35,986 | 6,822,586 | ||
QUALCOMM, Inc. | 360,783 | 54,045,293 | |||
* | salesforce.com, Inc. | 297,222 | 71,906,918 | ||
Seagate Technology Holdings P.L.C | 63,843 | 5,611,800 | |||
* | ServiceNow, Inc. | 63,152 | 37,126,429 | ||
Skyworks Solutions, Inc. | 52,962 | 9,772,019 | |||
* | Synopsys, Inc. | 48,959 | 14,099,702 | ||
TE Connectivity, Ltd. | 105,869 | 15,612,501 | |||
Teradyne, Inc. | 53,296 | 6,768,592 | |||
Texas Instruments, Inc. | 295,383 | 56,305,907 | |||
* | Trimble, Inc. | 80,209 | 6,857,870 | ||
* | Tyler Technologies, Inc. | 13,111 | 6,459,003 | ||
* | VeriSign, Inc. | 31,635 | 6,844,865 | ||
# | Visa, Inc., Class A | 541,113 | 133,324,832 | ||
* | Western Digital Corp. | 97,755 | 6,347,232 | ||
Western Union Co. (The) | 132,306 | 3,070,822 | |||
Xilinx, Inc. | 78,983 | 11,834,813 | |||
* | Zebra Technologies Corp., Class A | 17,203 | 9,504,313 | ||
TOTAL INFORMATION TECHNOLOGY | 3,308,671,475 | ||||
MATERIALS — (2.6%) | |||||
Air Products & Chemicals, Inc. | 70,658 | 20,563,598 | |||
Albemarle Corp. | 37,278 | 7,680,759 | |||
Amcor P.L.C. | 488,967 | 5,652,458 | |||
Avery Dennison Corp. | 26,307 | 5,542,359 | |||
Ball Corp. | 105,193 | 8,508,010 | |||
Celanese Corp., Class A | 36,299 | 5,654,295 | |||
CF Industries Holdings, Inc. | 69,213 | 3,270,314 | |||
Corteva, Inc. | 236,903 | 10,134,710 | |||
Dow, Inc. | 238,225 | 14,808,066 | |||
DuPont de Nemours, Inc. | 170,812 | 12,819,441 | |||
Eastman Chemical Co. | 43,246 | 4,874,689 | |||
Ecolab, Inc. | 79,725 | 17,605,672 | |||
FMC Corp. | 41,368 | 4,424,308 | |||
Freeport-McMoRan, Inc. | 467,697 | 17,819,256 | |||
International Flavors & Fragrances, Inc. | 79,343 | 11,952,229 | |||
International Paper Co. | 125,864 | 7,269,905 | |||
Linde P.L.C. | 166,385 | 51,145,085 | |||
LyondellBasell Industries NV, Class A | 82,483 | 8,193,036 | |||
Martin Marietta Materials, Inc. | 19,897 | 7,228,580 | |||
Mosaic Co. (The) | 111,225 | 3,473,557 | |||
Newmont Corp. | 256,571 | 16,117,790 | |||
Nucor Corp. | 95,630 | 9,947,433 | |||
Packaging Corp. of America | 30,655 | 4,337,682 |
U.S. Large Company Portfolio
CONTINUED
Shares | Value† | ||||
MATERIALS — (Continued) | |||||
PPG Industries, Inc. | 75,603 | $12,362,603 | |||
Sealed Air Corp. | 49,194 | 2,791,759 | |||
Sherwin-Williams Co. (The) | 76,556 | 22,280,093 | |||
Vulcan Materials Co. | 42,702 | 7,685,933 | |||
WestRock Co. | 84,255 | 4,146,189 | |||
TOTAL MATERIALS | 308,289,809 | ||||
REAL ESTATE — (2.6%) | |||||
Alexandria Real Estate Equities, Inc. | 43,830 | 8,824,732 | |||
American Tower Corp. | 145,432 | 41,128,170 | |||
AvalonBay Communities, Inc. | 44,691 | 10,181,950 | |||
Boston Properties, Inc. | 45,813 | 5,377,530 | |||
* | CBRE Group, Inc., Class A | 107,017 | 10,322,860 | ||
Crown Castle International Corp. | 138,221 | 26,689,093 | |||
Digital Realty Trust, Inc. | 89,749 | 13,835,706 | |||
Duke Realty Corp. | 119,446 | 6,077,412 | |||
Equinix, Inc. | 28,602 | 23,465,367 | |||
Equity Residential | 109,928 | 9,248,243 | |||
Essex Property Trust, Inc. | 20,839 | 6,837,276 | |||
Extra Space Storage, Inc. | 42,821 | 7,456,849 | |||
Federal Realty Investment Trust | 22,488 | 2,643,015 | |||
Healthpeak Properties, Inc. | 171,726 | 6,348,710 | |||
* | Host Hotels & Resorts, Inc. | 228,482 | 3,639,718 | ||
# | Iron Mountain, Inc. | 92,133 | 4,031,740 | ||
Kimco Realty Corp. | 139,830 | 2,982,574 | |||
Mid-America Apartment Communities, Inc. | 36,725 | 7,091,597 | |||
Prologis, Inc. | 236,419 | 30,271,089 | |||
Public Storage | 48,597 | 15,185,590 | |||
Realty Income Corp. | 119,667 | 8,411,393 | |||
Regency Centers Corp. | 50,456 | 3,300,327 | |||
SBA Communications Corp. | 35,014 | 11,939,424 | |||
Simon Property Group, Inc. | 104,836 | 13,263,851 | |||
UDR, Inc. | 95,116 | 5,230,429 | |||
Ventas, Inc. | 120,287 | 7,190,757 | |||
Vornado Realty Trust | 49,863 | 2,169,040 | |||
Welltower, Inc. | 133,900 | 11,630,554 | |||
Weyerhaeuser Co. | 239,768 | 8,087,375 | |||
TOTAL REAL ESTATE | 312,862,371 | ||||
UTILITIES — (2.5%) | |||||
AES Corp. (The) | 212,951 | 5,046,939 | |||
Alliant Energy Corp. | 80,335 | 4,702,008 | |||
Ameren Corp. | 82,183 | 6,896,797 | |||
American Electric Power Co., Inc. | 159,320 | 14,039,278 | |||
American Water Works Co., Inc. | 58,219 | 9,903,634 | |||
Atmos Energy Corp. | 42,257 | 4,166,118 | |||
CenterPoint Energy, Inc. | 183,830 | 4,680,312 | |||
CMS Energy Corp. | 93,324 | 5,766,490 | |||
Consolidated Edison, Inc. | 109,698 | 8,092,421 | |||
Dominion Energy, Inc. | 257,355 | 19,268,169 | |||
DTE Energy Co. | 62,092 | 7,284,633 | |||
Duke Energy Corp. | 246,030 | 25,860,213 | |||
Edison International | 121,315 | 6,611,668 | |||
Entergy Corp. | 64,569 | 6,645,442 | |||
Evergy, Inc. | 73,843 | 4,816,040 | |||
Eversource Energy | 110,052 | 9,494,186 | |||
Exelon Corp. | 311,830 | 14,593,644 | |||
FirstEnergy Corp. | 175,194 | 6,713,434 |
U.S. Large Company Portfolio
CONTINUED
Shares | Value† | ||||
UTILITIES — (Continued) | |||||
NextEra Energy, Inc. | 627,355 | $48,870,955 | |||
NiSource, Inc. | 124,061 | 3,072,991 | |||
NRG Energy, Inc. | 77,138 | 3,181,171 | |||
Pinnacle West Capital Corp. | 36,242 | 3,028,019 | |||
PPL Corp. | 245,925 | 6,976,892 | |||
Public Service Enterprise Group, Inc. | 162,180 | 10,092,461 | |||
Sempra Energy | 100,412 | 13,118,828 | |||
Southern Co. (The) | 337,958 | 21,585,377 | |||
WEC Energy Group, Inc. | 101,220 | 9,528,851 | |||
Xcel Energy, Inc. | 172,767 | 11,791,348 | |||
TOTAL UTILITIES | 295,828,319 | ||||
TOTAL COMMON STOCKS Cost ($3,144,191,896) | 11,899,990,669 |
TEMPORARY CASH INVESTMENTS — (0.4%) | ||||
State Street Institutional U.S. Government Money Market Fund 0.025% | 45,838,854 | 45,838,854 | ||
SECURITIES LENDING COLLATERAL — (0.0%) | ||||
@§ | The DFA Short Term Investment Fund | 451,048 | 5,218,626 | |
TOTAL INVESTMENTS — (100.0%) | ||||
(Cost $3,195,247,741)^^ | $11,951,048,149 |
As of July 31, 2021, U.S. Large
Company Portfolio had entered into the following outstanding futures contracts:
Description | Number of Contracts | Expiration Date | Notional Value | Market Value | Unrealized Appreciation (Depreciation) | |||||
Long Position Contracts: | ||||||||||
S&P 500® Emini Index | 137 | 09/17/21 | $30,080,428 | $30,068,075 | $(12,353) | |||||
Total Futures Contracts | $30,080,428 | $30,068,075 | $(12,353) |
Summary of the Portfolio's
investments as of July 31, 2021, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Common Stocks | |||||||
Communication Services | $1,338,323,274 | — | — | $1,338,323,274 | |||
Consumer Discretionary | 1,434,789,948 | — | — | 1,434,789,948 | |||
Consumer Staples | 696,434,974 | — | — | 696,434,974 | |||
Energy | 303,717,985 | — | — | 303,717,985 | |||
Financials | 1,302,857,692 | — | — | 1,302,857,692 | |||
Health Care | 1,597,489,043 | — | — | 1,597,489,043 | |||
Industrials | 1,000,725,779 | — | — | 1,000,725,779 | |||
Information Technology | 3,308,671,475 | — | — | 3,308,671,475 | |||
Materials | 308,289,809 | — | — | 308,289,809 | |||
Real Estate | 312,862,371 | — | — | 312,862,371 | |||
Utilities | 295,828,319 | — | — | 295,828,319 | |||
Temporary Cash Investments | 45,838,854 | — | — | 45,838,854 |
U.S. Large Company Portfolio
CONTINUED
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Securities Lending Collateral | — | $5,218,626 | — | $5,218,626 | |||
Futures Contracts** | $(12,353) | — | — | (12,353) | |||
TOTAL | $11,945,817,170 | $5,218,626 | — | $11,951,035,796 | |||
** Valued at the unrealized appreciation/(depreciation) on the investment. |
U.S. Large Cap Value Portfolio
III
SCHEDULE OF INVESTMENTS
July 31, 2021
(Unaudited)
Value† | |||
AFFILIATED INVESTMENT COMPANIES — (100.0%) | |||
Investment in The U.S. Large Cap Value Series of The DFA Investment Trust Company | $4,247,882,310 | ||
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES^^ | $4,247,882,310 |
Summary of the Portfolio's Master
Fund's investments as of July 31, 2021, based on their valuation inputs, is located within this report (see Security Valuation Note).
DFA International Value
Portfolio
SCHEDULE OF INVESTMENTS
July 31, 2021
(Unaudited)
Value† | |||
AFFILIATED INVESTMENT COMPANIES — (100.0%) | |||
Investment in The DFA International Value Series of The DFA Investment Trust Company | $8,204,747,707 | ||
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES^^ | $8,204,747,707 |
Summary of the Portfolio's Master
Fund's investments as of July 31, 2021, based on their valuation inputs, is located within this report (see Security Valuation Note).
DFA International Value
Portfolio III
SCHEDULE OF INVESTMENTS
July 31, 2021
(Unaudited)
Value† | |||
AFFILIATED INVESTMENT COMPANIES — (100.0%) | |||
Investment in The DFA International Value Series of The DFA Investment Trust Company | $3,322,456,407 | ||
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES^^ | $3,322,456,407 |
Summary of the Portfolio's Master
Fund's investments as of July 31, 2021, based on their valuation inputs, is located within this report (see Security Valuation Note).
Tax-Managed U.S. Marketwide
Value Portfolio II
SCHEDULE OF INVESTMENTS
July 31, 2021
(Unaudited)
Value† | |||
AFFILIATED INVESTMENT COMPANIES — (100.0%) | |||
Investment in The Tax-Managed U.S. Marketwide Value Series of The DFA Investment Trust Company | $2,191,758,815 | ||
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES^^ | $2,191,758,815 |
Summary of the Portfolio's Master
Fund's investments as of July 31, 2021, based on their valuation inputs, is located within this report (see Security Valuation Note).
Emerging Markets Portfolio
II
SCHEDULE OF INVESTMENTS
July 31, 2021
(Unaudited)
Value† | |||
AFFILIATED INVESTMENT COMPANIES — (100.0%) | |||
Investment in The Emerging Markets Series of The DFA Investment Trust Company | $84,288,363 | ||
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES^^ | $84,288,363 |
Summary of the Portfolio's Master
Fund's investments as of July 31, 2021, based on their valuation inputs, is located within this report (see Security Valuation Note).
DFA Two-Year Fixed Income Portfolio
CONTINUED
Summary of the
Portfolio's investments as of July 31, 2021, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Bonds | — | $25,174,066 | — | $25,174,066 | |||
Certificates of Deposit | — | 5,500,451 | — | 5,500,451 | |||
U.S. Treasury Obligations | — | 22,581,630 | — | 22,581,630 | |||
Commercial Paper | — | 39,564,164 | — | 39,564,164 | |||
Temporary Cash Investments | $213,978 | — | — | 213,978 | |||
Securities Lending Collateral | — | 1,223 | — | 1,223 | |||
TOTAL | $213,978 | $92,821,534 | — | $93,035,512 |
DFA Two-Year Government
Portfolio
SCHEDULE OF INVESTMENTS
July 31, 2021
(Unaudited)
Face Amount | Value† | ||||
(000) | |||||
AGENCY OBLIGATIONS — (32.2%) | |||||
Federal Home Loan Bank Discount Notes | |||||
0.000%, 08/04/21 | 12,000 | $11,999,980 | |||
0.000%, 08/20/21 | 14,000 | 13,999,790 | |||
0.000%, 09/01/21 | 2,250 | 2,249,925 | |||
0.000%, 09/03/21 | 1,000 | 999,964 | |||
0.000%, 09/17/21 | 7,750 | 7,749,604 | |||
0.000%, 09/22/21 | 8,250 | 8,249,533 | |||
0.000%, 09/29/21 | 8,100 | 8,099,478 | |||
TOTAL AGENCY OBLIGATIONS | 53,348,274 | ||||
U.S. TREASURY OBLIGATIONS — (67.5%) | |||||
U.S. Treasury Cash Management Bill | |||||
0.046%, 08/24/21 | 12,750 | 12,749,650 | |||
U.S. Treasury Notes | |||||
0.250%, 05/15/24 | 16,100 | 16,071,070 | |||
2.000%, 05/31/24 | 13,750 | 14,399,365 | |||
0.250%, 06/15/24 | 1,200 | 1,197,375 | |||
U.S. Treasury Notes, Floating Rate Note, 3M USTMMR + 0.034%, FRN | |||||
(r) | 0.084%, 04/30/23 | 3,775 | 3,775,439 | ||
U.S. Treasury Notes, Floating Rate Note, 3M USTMMR + 0.049%, FRN | |||||
(r) | 0.099%, 01/31/23 | 8,350 | 8,353,740 | ||
U.S. Treasury Notes, Floating Rate Note, 3M USTMMR + 0.055%, FRN | |||||
(r) | 0.105%, 10/31/22 | 10,000 | 10,004,812 | ||
U.S. Treasury Notes, Floating Rate Note, 3M USTMMR + 0.114%, FRN | |||||
(r) | 0.164%, 04/30/22 | 17,490 | 17,503,509 | ||
U.S. Treasury Notes, Floating Rate Note, 3M USTMMR + 0.154%, FRN | |||||
(r) | 0.204%, 01/31/22 | 16,110 | 16,121,987 | ||
U.S. Treasury Notes, Floating Rate Note, 3M USTMMR + 0.300%, FRN | |||||
(r) | 0.350%, 10/31/21 | 11,440 | 11,448,552 | ||
TOTAL U.S. TREASURY OBLIGATIONS | 111,625,499 | ||||
TOTAL INVESTMENT SECURITIES (Cost $164,955,959) | 164,973,773 |
Shares | ||||
TEMPORARY CASH INVESTMENTS — (0.3%) | ||||
State Street Institutional U.S. Government Money Market Fund 0.025% | 559,581 | 559,581 | ||
TOTAL INVESTMENTS — (100.0%) | ||||
(Cost $165,515,540)^^ | $165,533,354 |
DFA Two-Year Government Portfolio
CONTINUED
Summary of the Portfolio's
investments as of July 31, 2021, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Agency Obligations | — | $53,348,274 | — | $53,348,274 | |||
U.S. Treasury Obligations | — | 111,625,499 | — | 111,625,499 | |||
Temporary Cash Investments | $559,581 | — | — | 559,581 | |||
TOTAL | $559,581 | $164,973,773 | — | $165,533,354 |
Global Equity Portfolio
SCHEDULE OF INVESTMENTS
July 31, 2021
(Unaudited)
Shares | Value† | |||
AFFILIATED INVESTMENT COMPANIES — (100.0%) | ||||
Investment in U.S. Core Equity 2 Portfolio of DFA Investment Dimensions Group Inc. | 141,310,653 | $4,514,875,347 | ||
Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. | 118,462,358 | 1,927,382,573 | ||
Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. | 43,246,669 | 1,510,173,688 | ||
Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. | 31,424,667 | 807,613,937 | ||
Investment in DFA Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc. | 4,798,298 | 227,919,170 | ||
Investment in DFA International Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc. | 687,994 | 3,508,769 | ||
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $4,302,204,146) | $8,991,473,484 |
TEMPORARY CASH INVESTMENTS — (0.0%) | |||
State Street Institutional U.S. Government Money Market Fund, 0.025% (Cost $917,962) | 917,962 | 917,962 | |
TOTAL INVESTMENTS — (100.0%) (Cost $4,303,122,108)^^ | $8,992,391,446 |
Summary of the Global Fund's
investments as of July 31, 2021, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Affiliated Investment Companies | $8,991,473,484 | — | — | $8,991,473,484 | |||
Temporary Cash Investments | 917,962 | — | — | 917,962 | |||
TOTAL | $8,992,391,446 | — | — | $8,992,391,446 |
Global Allocation 60/40
Portfolio
SCHEDULE OF INVESTMENTS
July 31, 2021
(Unaudited)
Shares | Value† | |||
AFFILIATED INVESTMENT COMPANIES — (100.0%) | ||||
Investment in U.S. Core Equity 2 Portfolio of DFA Investment Dimensions Group Inc. | 43,398,720 | $1,386,589,100 | ||
Investment in DFA Selectively Hedged Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. | 68,228,625 | 672,051,952 | ||
Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. | 37,533,409 | 610,668,562 | ||
Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. | 13,549,741 | 473,156,962 | ||
Investment in DFA Short-Term Extended Quality Portfolio of DFA Investment Dimensions Group Inc. | 40,086,065 | 443,351,881 | ||
Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. | 8,772,006 | 225,440,563 | ||
Investment in DFA Global Core Plus Fixed Income Portfolio of DFA Investment Dimensions Group Inc. | 19,726,770 | 216,205,403 | ||
Investment in DFA Five-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. | 19,535,365 | 214,889,014 | ||
Investment in DFA Inflation-Protected Securities Portfolio of DFA Investment Dimensions Group Inc. | 7,801,918 | 106,184,100 | ||
Investment in DFA World ex U.S. Government Fixed Income Portfolio of DFA Investment Dimensions Group Inc. | 9,640,827 | 101,325,091 | ||
Investment in DFA Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc. | 1,402,701 | 66,628,310 | ||
Investment in DFA International Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc. | 1,590 | 8,110 | ||
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $2,900,586,180)^^ | $4,516,499,048 |
Summary of the Global Fund's
investments as of July 31, 2021, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Affiliated Investment Companies | $4,516,499,048 | — | — | $4,516,499,048 | |||
TOTAL | $4,516,499,048 | — | — | $4,516,499,048 |
Global Allocation 25/75
Portfolio
SCHEDULE OF INVESTMENTS
July 31, 2021
(Unaudited)
Shares | Value† | |||
AFFILIATED INVESTMENT COMPANIES — (99.9%) | ||||
Investment in DFA Two-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. | 31,593,781 | $314,358,119 | ||
Investment in DFA Short-Term Extended Quality Portfolio of DFA Investment Dimensions Group Inc. | 28,422,976 | 314,358,119 | ||
Investment in U.S. Core Equity 2 Portfolio of DFA Investment Dimensions Group Inc. | 4,171,655 | 133,284,395 | ||
Investment in DFA Inflation-Protected Securities Portfolio of DFA Investment Dimensions Group Inc. | 8,591,067 | 116,924,417 | ||
Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. | 3,454,714 | 56,208,196 | ||
Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. | 1,261,069 | 44,036,540 | ||
Investment in DFA World ex U.S. Government Fixed Income Portfolio of DFA Investment Dimensions Group Inc. | 4,017,901 | 42,228,141 | ||
Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. | 916,808 | 23,561,974 | ||
Investment in DFA Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc. | 110,405 | 5,244,244 | ||
Investment in DFA International Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc. | 292,442 | 1,491,452 | ||
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $867,741,886) | $1,051,695,597 |
TEMPORARY CASH INVESTMENTS — (0.1%) | |||
State Street Institutional U.S. Government Money Market Fund, 0.025% (Cost $1,041,441) | 1,041,441 | 1,041,441 | |
TOTAL INVESTMENTS — (100.0%) (Cost $868,783,327)^^ | $1,052,737,038 |
Summary of the Global Fund's
investments as of July 31, 2021, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Affiliated Investment Companies | $1,051,695,597 | — | — | $1,051,695,597 | |||
Temporary Cash Investments | 1,041,441 | — | — | 1,041,441 | |||
TOTAL | $1,052,737,038 | — | — | $1,052,737,038 |
ORGANIZATION
Dimensional Investment Group
Inc. (the "Fund") is an open-end management investment company registered under the Investment Company Act of 1940, whose shares are generally offered to institutional investors, retirement plans and clients of
registered investment advisors. At July 31, 2021, the Fund consisted of eleven portfolios (the "Portfolios"), of which three are "Stand-alone Funds", five are "Feeder Funds" in a master-feeder structure, and three are
"Fund of Funds".
SECURITY VALUATION
The Portfolios use a fair value
hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:
• | Level 1 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies and futures contracts) |
• | Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 - significant unobservable inputs (including the Portfolios' own assumptions in determining the fair value of investments) |
Securities held by U.S. Large
Company Portfolio, including over-the-counter securities, are valued at the last quoted sale price of the day. Securities held by the Portfolio that are listed on Nasdaq are valued at the Nasdaq Official Closing Price
("NOCP"). If there is no last reported sale price or NOCP for the day, the Portfolio values the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken
from the exchange where the security is primarily traded. Generally, securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as
appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.
Futures contracts held by the
U.S. Large Company Portfolio are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.
The Feeder Funds primarily
invest in a corresponding series of The DFA Investment Trust Company (each, a "Master Fund"). Each Feeder Fund’s investment reflects its proportionate interest in the net assets of the corresponding Master Fund.
These valuations are classified as Level 1 in the hierarchy.
Shares of investment companies
("Underlying Funds") held by Global Equity Portfolio, Global Allocation 60/40 Portfolio, and Global Allocation 25/75 Portfolio (each a "Global Fund" and collectively, the "Global Funds") and the shares held by the
Portfolios in other investment companies are valued at their respective daily net asset values as reported by their administrator, as these Underlying Funds are treated as regulated investment companies. These
securities are generally categorized as Level 1 in the hierarchy.
Debt securities held by DFA
Two-Year Fixed Income Portfolio and DFA Two-Year Government Portfolio are valued on the basis of evaluated prices provided by one or more pricing services or other reasonably reliable sources including broker/dealers
that typically handle the purchase and sale of such securities. Securities that are traded over-the-counter and on a stock exchange generally will be valued according to the broadest and most representative market,
and it is expected that for bonds and other fixed income securities, this ordinarily will be the over-the-counter market. These valuations are generally categorized as Level 2 in the hierarchy.
Securities for which no market
quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of
Directors of the Fund. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of Dimensional Fund Advisors LP) occur before the net
asset value of a Portfolio is calculated. When fair value pricing is used, the prices of securities used by the Portfolios may differ from the quoted or published prices for the same securities on their primary
markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.
A summary of the inputs used to
value the Portfolios' investments by each major security type, industry and/or country is disclosed previously in this note. A valuation hierarchy table has been included at the end of each Schedule of Investments.
The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
FINANCIAL INSTRUMENTS
In accordance with the
Portfolios' investment objectives and policies, the Portfolios may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and
concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:
Derivative Financial Instruments
Summarized below are the specific
types of derivative instruments used by the Portfolios:
1. FUTURES CONTRACTS: The
Portfolios may purchase or sell futures contracts and options on futures contracts for equity securities and indices to increase or decrease market exposure based on actual or expected cash inflows to or outflows from
the Portfolios. Upon entering into a futures contract, a Portfolio deposits cash or pledges U.S. Government securities to a broker in an amount equal to the minimum “initial margin” requirements of the
exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known
as "variation margin" and are recorded daily by the Portfolios as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Portfolios record a realized gain or loss, which is
presented in the Statements of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
Risks may arise upon entrance
into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities or indices, from the possibility of an illiquid secondary market for these instruments and
from the possibility that a Portfolio could lose more than the initial margin requirements. Entering into stock index futures subjects a Portfolio to equity price risk from those futures contracts. Counterparty credit
risk related to exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.
FEDERAL TAX COST
At July 31, 2021, the total cost of
securities for federal income tax purposes was:
Federal Tax Cost | |
U.S. Large Company Portfolio | $3,256,953 |
U.S. Large Cap Value Portfolio III | 2,268,174 |
DFA International Value Portfolio | 7,355,957 |
DFA International Value Portfolio III | 2,740,336 |
Tax-Managed U.S. Marketwide Value Portfolio II | 876,404 |
Emerging Markets Portfolio II | 21,406 |
DFA Two-Year Fixed Income Portfolio | 93,030 |
DFA Two-Year Government Portfolio | 165,516 |
Global Equity Portfolio | 4,476,352 |
Global Allocation 60/40 Portfolio | 2,981,375 |
Global Allocation 25/75 Portfolio | 878,082 |
RECENTLY ISSUED ACCOUNTING
STANDARDS
On July 27, 2017, the head of
the United Kingdom’s Financial Conduct Authority announced the intention to phase out the use of London Interbank Offered Rate (“LIBOR”) by the end of 2021. In the interim, there remains uncertainty
regarding the impact the transition to replacement rates may have on the value of LIBOR-based investments. In March 2020, the FASB issued ASU 2020-04 which provides optional guidance to ease the potential accounting
burden associated with transitioning away from the LIBOR and other reference rates that are expected to be
discontinued. The ASU is effective immediately
upon release of the update on March 12, 2020 through December 31, 2022. Management has evaluated the implications of these changes and determined that the effect on the Portfolios is expected to be immaterial.
In October 2020, the SEC adopted
new regulations governing the use of derivatives by registered investment companies. Rule 18f-4 (the “Derivatives Rule”) imposes limits on the amount of derivatives contracts the Portfolios could enter,
eliminate the asset segregation framework currently used by the Portfolios to comply with Section 18 of the 1940 Act, and require funds whose use of derivatives is more than a limited specified exposure to establish
and maintain a derivatives risk management program and appoint a derivatives risk manager. The Derivatives Rule became effective February 19, 2021 and the Portfolios are required to comply on August 19, 2022.
Management is currently evaluating the effect, if any, the Derivatives Rule will have on the Portfolios.
On December 3, 2020, the SEC
adopted new rule 2a-5 (the "Valuation Rule”) under the Investment Company Act of 1940, establishing an updated regulatory framework for fund valuation. The Valuation Rule, in part, provides a framework for good
faith fair value determination and permits a Board to designate fair value determinations to a fund’s investment adviser. Further, the SEC is rescinding previously issued guidance on related issues. The
Valuation Rule became effective on March 8, 2021, with a compliance date of September 8, 2022. Management is currently evaluating the Valuation Rule and its effect on the Portfolios.
CORONAVIRUS (COVID-19) PANDEMIC
The ongoing outbreak of the
novel coronavirus, COVID-19, has resulted, at times, in market closures, market volatility, liquidity constraints and increased trading costs. Efforts to contain the spread of COVID-19 have resulted in global travel
restrictions and disruptions of healthcare systems, business operations and supply chains, layoffs, reduced consumer demand, defaults and credit rating downgrades, and other significant economic impacts. The effects
of COVID-19 have impacted global economic activity and may heighten pre-existing political, social and economic risks, domestically or globally. The full impact of the COVID-19 pandemic is unpredictable and may
adversely affect a Portfolio’s performance.
OTHER
The Portfolios are subject to
claims and suits that arise from time to time in the ordinary course of business. Although management currently believes that resolving claims against the Portfolios, individually or in aggregate, will not have a
material adverse impact on the Portfolios’ financial position, results of operations, or cash flows, these matters are subject to inherent uncertainties and management’s view of these matters may change in
the future.
The U.S. Large Cap Value Series
and The Tax-Managed U.S. Marketwide Value Series have been named as defendants in a multi-district litigation pending in the United States District Court for the Southern District of New York (the "“District
Court"), captioned IN RE TRIBUNE COMPANY FRAUDULENT CONVEYANCE LITIGATION, No. 11-MD-2296-RJS (the "Tribune MDL"). The Tribune MDL arises from the 2007 leveraged buyout of The Tribune Company ("Tribune") (the "LBO")
and Tribune’s subsequent bankruptcy and reorganization. In connection with the LBO, thousands of Tribune shareholders, including The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series,
sold Tribune shares back to Tribune for $34 per share. The Tribune MDL includes a series of lawsuits brought by individual creditors of Tribune (the "Individual Creditor Actions") and a lawsuit brought by the trustee
of a litigation trust (the “Trustee”) to whom Tribune’s committee of unsecured creditors assigned claims (the “Committee Action,” and with the Individual Creditor Actions, collectively
referred to as the “Tribune Lawsuits”). The Tribune Lawsuits seek to unwind the LBO stock repurchases as fraudulent transfers and recover the stock repurchase proceeds paid to the Tribune shareholders who
participated in the LBO.
On September 23, 2013, the
District Court entered an order dismissing the Individual Creditor Actions in their entirety on the grounds that the individual creditor plaintiffs lacked standing to pursue their claims. The parties appealed the
District Court’s dismissal order to the United States Court of Appeals for the Second Circuit (the “Second Circuit”) and on March 29, 2016, the Second Circuit affirmed the dismissal, albeit on the
grounds that the individual creditor plaintiffs’ claims are preempted and barred by the Bankruptcy Code’s safe harbor for securities transactions. The individual creditor plaintiffs filed a petition for
certiorari with the Supreme Court of the United States (the "Supreme Court"), seeking review of the Second Circuit’s ruling. Thereafter, the individual creditor plaintiffs moved the Second Circuit to review its
prior ruling in light of the Supreme Court’s decision in MERIT MANAGEMENT GROUP, LP v. FTI CONSULTING, INC., 138 S.Ct. 883 (2018) (“Merit Mgmt.”), which addressed the scope of the Bankruptcy
Code’s safe harbor for securities transactions. The Second Circuit agreed to review the matter and withdrew its mandate with respect to the affirmance of the dismissal order. Consequently, the Supreme Court
dismissed the individual creditor
plaintiffs’ petition for certiorari. On
December 19, 2019, the Second Circuit again affirmed the District Court’s dismissal of the Individual Creditor Actions on the grounds that the individual creditor plaintiffs’ claims are preempted and
barred by the Bankruptcy Code’s safe harbor for securities transactions. The individual creditor plaintiffs moved the Second Circuit for rehearing, which the Second Circuit denied. The individual creditor
plaintiffs filed a second petition for certiorari with the Supreme Court, which the Supreme Court denied on April 19, 2021. As a result, the dismissal of the Individual Creditor Actions is now final.
On January 6, 2017, the District
Court granted the shareholder defendants’ motion to dismiss the claims against them in the Committee Action. The Trustee moved for leave from the District Court to file an amended complaint to assert new
constructive fraudulent transfer claims against the shareholder defendants in light of the Merit Mgmt. decision. The District Court denied the motion, ruling that the proposed amendment would unduly prejudice the
shareholder defendants and would be futile because the Trustee’s proposed constructive fraudulent transfer claims would be barred by the Bankruptcy Code’s safe harbor for securities transactions,
notwithstanding the Merit Mgmt. decision. The Trustee appealed the District Court’s dismissal order and order denying the Trustee’s motion for leave to amend to the Second Circuit. The Second Circuit held
oral argument on August 24, 2020, and the parties await the Second Circuit's ruling.
Litigation counsel to The U.S.
Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series in the Tribune Lawsuits has advised management that it does not believe that it is possible to predict with any reasonable certainty the probable
outcome of the Committee Action or quantify the ultimate exposure to The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series arising from the Committee Action. Until The U.S. Large Cap Value
Series and The Tax-Managed U.S. Marketwide Value Series can do so, no reduction of the respective net asset values of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series will be made
relating to the Committee Action. However, even if the plaintiff in the Committee Action were to obtain the full recovery the plaintiff seeks, the amount would be less than 1% of the respective net asset values of The
U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series at this time.
The U.S. Large Cap Value Series
and The Tax-Managed U.S. Marketwide Value Series also cannot quantify the cost of the Tribune Lawsuits that could potentially be deducted from their net asset values. Therefore, at this time, those investors buying or
redeeming shares of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series will pay or receive, as the case may be, a price based on the net asset value of The U.S. Large Cap Value Series and
The Tax-Managed U.S. Marketwide Value Series, with no adjustment relating to the Tribune Lawsuits. The attorneys’ fees and costs relating to the Tribune Lawsuits will be borne by The U.S. Large Cap Value Series
and The Tax-Managed U.S. Marketwide Value Series as incurred and in a manner similar to any other expenses incurred by The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series.
SUBSEQUENT EVENT EVALUATIONS
On June 3, 2021, President Biden
issued an Executive Order titled "Addressing the Threat from Securities Investments that Finance Certain Companies of the People’s Republic of China” (the “Order”). The Order restricts
investment in certain companies identified as “Chinese Military Industrial Complex Companies” by the Office of Foreign Asset Control, an agency of the Department of Treasury and the Department of Defense.
Management is currently evaluating the Order’s effect on the Portfolios.
Management has evaluated the
impact of all other subsequent events on the Portfolios through the date on which the financial statements were issued and has determined that there are no other subsequent events requiring recognition or disclosure
in the financial statements.