Dfa Investment Trust N-CSR Certified annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-7436

THE DFA INVESTMENT TRUST COMPANY

(Exact name of registrant as specified in charter)

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

(Address of principal executive offices) (Zip code)

Catherine L. Newell, Esquire, President and General Counsel

The DFA Investment Trust Company,

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

(Name and address of agent for service)

Registrant’s telephone number, including area code: 512-306-7400

Date of fiscal year end: October 31

Date of reporting period: October 31, 2021

ITEM 1. REPORTS TO STOCKHOLDERS.

Annual Report

Year Ended: October 31, 2021

DFA INVESTMENT DIMENSIONS GROUP INC. / DIMENSIONAL INVESTMENT GROUP INC. / THE DFA INVESTMENT TRUST COMPANY

DFA Investment Dimensions Group Inc.
Enhanced U.S. Large Company Portfolio	U.S. Core Equity 1 Portfolio	U.S. Micro Cap Portfolio
U.S. Large Cap Equity Portfolio	U.S. Core Equity 2 Portfolio	U.S. High Relative Profitability Portfolio
U.S. Large Cap Value Portfolio	U.S. Vector Equity Portfolio	DFA Real Estate Securities Portfolio
U.S. Targeted Value Portfolio	U.S. Small Cap Portfolio	DFA Commodity Strategy Portfolio
U.S. Small Cap Value Portfolio
Dimensional Investment Group Inc.
U.S. Large Company Portfolio
The DFA Investment Trust Company
The U.S. Large Cap Value Series

December 2021

Dear Shareholder,

As we near the end of a year that saw us mark four decades since our founding, we want to thank you for entrusting us with your investments. We built Dimensional to implement the great ideas in finance, with the goal of transforming the investor experience for the better.

We are proud of the role Dimensional has played over the past 40 years in helping drive down costs, providing solutions that can improve diversification, and contributing to investor education. We’re committed to continuing to enhance our research-driven strategies, our efficient implementation, and the services we provide.

Just this past year, we launched an expanded offering for separately managed accounts, broadened our suite of fixed income solutions, and became one of the first asset managers to convert mutual funds into exchange-traded funds, offering greater choice in how investors access Dimensional’s strategies.

We have always focused on empowering financial professionals so they can meet their clients’ evolving needs. The solutions we have recently developed will help further that mission, offering more ability to customize and tailor investments to investors’ specific situations. It’s all part of our enduring tradition of innovation to enable the best possible experience for investors.

For 40 years, we have trusted markets. And for 40 years, we have built trust with financial professionals and investors around the world. The advances made in the industry have been profound for investors, and we believe this is just the beginning. We look forward to many more years of innovating on behalf of our clients and investors.

Sincerely,
David P. Butler	Gerard O’Reilly
CO-CHIEF EXECUTIVE OFFICER	CO-CHIEF EXECUTIVE OFFICER and CHIEF INVESTMENT OFFICER

ANNUAL REPORT

Table of Contents

	Page
Letter to Shareholders
Definitions of Abbreviations and Footnotes		1
DFA Investment Dimensions Group Inc.
Performance Charts		3
Management’s Discussion and Analysis		10
Disclosure of Fund Expenses		15
Disclosure of Portfolio Holdings		18
Schedules of Investments/Summary Schedules of Portfolio Holdings
Enhanced U.S. Large Company Portfolio		20
U.S. Large Cap Equity Portfolio		25
U.S. Large Cap Value Portfolio		28
U.S. Targeted Value Portfolio		29
U.S. Small Cap Value Portfolio		33
U.S. Core Equity 1 Portfolio		37
U.S. Core Equity 2 Portfolio		41
U.S. Vector Equity Portfolio		45
U.S. Small Cap Portfolio		49
U.S. Micro Cap Portfolio		53
U.S. High Relative Profitability Portfolio		57
DFA Real Estate Securities Portfolio		60
Statements of Assets and Liabilities		62
Statements of Operations		65
Statements of Changes in Net Assets		68
Financial Highlights		72
Notes to Financial Statements		81
Report of Independent Registered Public Accounting Firm		102
DFA Investment Dimensions Group Inc.
Performance Charts		103
Management’s Discussion and Analysis		104
Consolidated Disclosure of Fund Expenses		105
Consolidated Disclosure of Portfolio Holdings		107
Consolidated Schedule of Investments
DFA Commodity Strategy Portfolio		108
Consolidated Statement of Assets and Liabilities		120
Consolidated Statement of Operations		121
Consolidated Statements of Changes in Net Assets		122
Consolidated Financial Highlights		123
Consolidated Notes to Financial Statements		124
Report of Independent Registered Public Accounting Firm		138
Dimensional Investment Group Inc.
Performance Charts		139
Management’s Discussion and Analysis		140
Disclosure of Fund Expenses		141
Disclosure of Portfolio Holdings		142
Summary Schedule of Portfolio Holdings
U.S. Large Company Portfolio		143
Statement of Assets and Liabilities		146
Statement of Operations		147
Statements of Changes in Net Assets		148
Financial Highlights		149
Notes to Financial Statements		150
Report of Independent Registered Public Accounting Firm		159

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TABLE OF CONTENTS

CONTINUED

	Page
The DFA Investment Trust Company
Performance Charts		160
Management’s Discussion and Analysis		161
Disclosure of Fund Expenses		162
Disclosure of Portfolio Holdings		163
Summary Schedule of Portfolio Holdings
The U.S. Large Cap Value Series		164
Statement of Assets and Liabilities		167
Statement of Operations		168
Statements of Changes in Net Assets		169
Financial Highlights		170
Notes to Financial Statements		171
Report of Independent Registered Public Accounting Firm		179
Fund Management		180
Board of Directors		181
Voting Proxies on Fund Portfolio Securities		190
Tax Notice to Shareholders		191

This report is submitted for the information of the Portfolio’s shareholders. It is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus.

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DFA INVESTMENT DIMENSIONS GROUP INC.

DIMENSIONAL INVESTMENT GROUP INC.

THE DFA INVESTMENT TRUST COMPANY

DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES

Schedules of Investments/Summary Schedules of Portfolio Holdings

Investment Abbreviations
SA	Special Assessment
REIT	Real Estate Investment Trust
CDOR	Canadian Dollar Offered Rate
LIBOR	London Interbank Offered Rate
SOFR	Secured Overnight Financing Rate
USTMMR	U.S. Treasury Money Market Rate
CAD	Canadian Dollars
EUR	Euro
GBP	British Pounds
NOK	Norwegian Krone
NZD	New Zealand Dollars
SGD	Singapore Dollars
USD	United States Dollar
AUD	Australian Dollars
Investment Footnotes
^	Denominated in USD, unless otherwise noted.
†	See Note B to Financial Statements.
#	Total or Partial Securities on Loan.
W	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.
«	Security pledged as collateral for Futures Contracts.
@	Security purchased with cash collateral received from Securities on Loan.
§	Affiliated Fund.
‡	Calculated as a percentage of total net assets. Percentages shown parenthetically next to the category headings have been calculated as a percentage of total investments. “Other Securities” are those securities that are not among the top 50 holdings in unaffiliated issuers of the Fund or do not represent more than 1.0% of the net assets of the Fund. Some of the individual securities within this category may include Total or Partial Securities on Loan and/or Non-Income Producing Securities.
*	Non-Income Producing Securities.
(r)	The adjustable rate shown is effective as of October 31, 2021. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.
~	Security pledged as collateral for Swap Agreements.

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DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES

CONTINUED

Financial Highlights

**	The Net Investment Income (Loss) per share and the ratio of Net Investment Income to Average Net Assets includes the effect of an estimation related to a one time distribution from a real estate investment trust. Net Investment Income (Loss) per share, Net Gain (Loss) per share and the ratio of Net Investment Income to Average Net Assets for the DFA Real Estate Securities Portfolio would have been $0.92, $7.69 and 2.43%, respectively had the effect of this estimation not been considered.
(A)	Computed using average shares outstanding.
(B)	Represents the combined ratios for the respective Portfolio and its respective pro-rata share of its Master Fund(s).
(C)	Non-Annualized
(D)	Annualized
(E)	Because of commencement of operations and related preliminary transaction costs, these ratios are not necessarily indicative of future ratios.

All Statements, Schedules and Notes to Financial Statements

—	Amounts designated as — are either zero or rounded to zero.
SEC	Securities and Exchange Commission
	Commencement of Operations.

2

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

Enhanced U.S. Large Company Portfolio vs.

S&P 500^® Index

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Copyright 2021 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved.

U.S. Large Cap Equity Portfolio vs.

Russell 1000^® Index

June 25, 2013-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes.  

3

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

U.S. Large Cap Value Portfolio vs.

Russell 1000^® Value Index

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes.

U.S. Targeted Value Portfolio — Institutional Class vs.

Russell 2000^® Value Index

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes.

4

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

U.S. Targeted Value Portfolio — Class R1 vs.

Russell 2000^® Value Index

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes.

U.S. Targeted Value Portfolio — Class R2 vs.

Russell 2000^® Value Index

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes.

5

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

U.S. Small Cap Value Portfolio vs.

Russell 2000^® Value Index

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes.

U.S. Core Equity 1 Portfolio vs.

Russell 3000^® Index

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes.

6

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

U.S. Core Equity 2 Portfolio vs.

Russell 3000^® Index

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes.

U.S. Vector Equity Portfolio vs.

Russell 3000^® Index

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes.

7

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

U.S. Small Cap Portfolio vs.

Russell 2000^® Index

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes.

U.S. Micro Cap Portfolio vs.

Russell 2000^® Index

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes.

8

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

U.S. High Relative Profitability Portfolio vs.

Russell 1000^® Index

May 16, 2017-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes.

DFA Real Estate Securities Portfolio vs.

S&P 500^® Index, Dow Jones U.S. Select REIT Index

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Copyright 2021 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved.   ^© 2021 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved.

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MANAGEMENT’S DISCUSSION AND ANALYSIS

U.S. Equity Market Review 12 Months Ended October 31, 2021

U.S. equities had positive returns for the period. The broad U.S. equity market, as measured by the Russell 3000^® Index, gained approximately 43.90%. As measured by Russell indices, small-cap stocks outperformed large-cap stocks, and mid-cap stocks, a subset of the large-cap universe, outperformed large-cap stocks but underperformed small-cap stocks. Value stocks outperformed growth stocks as measured by the Russell indices.

Total Return for 12 Months Ended October 31, 2021
Russell 3000® Index	43.90	%
Russell 1000® Index (large-cap stocks)	43.51	%
Russell Midcap® Index (mid-cap stocks)	45.40	%
Russell 2000® Index (small-cap stocks)	50.80	%
Russell Microcap® Index (micro-cap stocks)	62.54	%
Dow Jones U.S. Select REIT Index SM	56.10	%
Total Return for 12 Months Ended October 31, 2021
Russell 1000® Value Index (large-cap value stocks)	43.76	%
Russell 1000® Growth Index (large-cap growth stocks)	43.21	%
Russell 2000® Value Index (small-cap value stocks)	64.30	%
Russell 2000® Growth Index (small-cap growth stocks)	38.45	%

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

Enhanced U.S. Large Company Portfolio

The Enhanced U.S. Large Company Portfolio seeks to outperform the total return of the S&P 500^® Index. This strategy uses S&P 500^® Index futures contracts, swaps, and/or ETFs in conjunction with short-term investment grade fixed income instruments. As of October 31, 2021, 100% of the equity exposure consisted of S&P 500^® Index futures contracts. The behavior of S&P 500^® Index futures contracts is determined principally by the performance of the S&P 500^® Index.

For the 12 months ended October 31, 2021, total returns were 41.82% for the Portfolio and 42.91% for the S&P 500^® Index, the Portfolio’s benchmark. The Portfolio’s underperformance relative to the benchmark was primarily due to the performance of the fixed income component of the Portfolio. Realized term premiums were generally negative for government securities during the period. As such, the fixed income component’s allocation to government securities with maturities longer than two-years detracted from performance. Realized credit premiums were positive for the period, resulting in the fixed income component’s allocation to corporate securities contributing positively to performance. However, in combination, the fixed income component underperformed the financing cost of the S&P 500^® Index futures contracts that the Portfolio purchased throughout the year.

10

U.S. Large Cap Equity Portfolio

The U.S. Large Cap Equity Portfolio invests in a broadly diversified group of U.S. large-cap securities with increased exposure to stocks with smaller market capitalization, lower relative price (value), and higher profitability. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Portfolio held approximately 700 securities. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 42.42% for the Portfolio and 43.51% for the Russell 1000^® Index, the Portfolio’s benchmark. The Portfolio’s emphasis on large-cap stocks with higher profitability detracted from performance relative to the benchmark, as these stocks generally underperformed.

U.S. Large Cap Value Portfolio

The U.S. Large Cap Value Portfolio is designed to capture the returns of U.S. large-cap value stocks by purchasing shares of The U.S. Large Cap Value Series, a Master Fund managed by Dimensional that invests in such stocks. The investment strategy is process driven, emphasizing broad diversification with increased exposure to stocks with smaller market capitalizations, lower relative price (value), and higher profitability within the large-cap value segment of the U.S. market. As of October 31, 2021, the Master Fund held approximately 370 securities. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 48.68% for the Portfolio and 43.76% for the Russell 1000^® Value Index, the Portfolio’s benchmark. With low relative price (value) stocks outperforming high relative price (growth) stocks, the Master Fund’s greater emphasis on value stocks as compared to the benchmark contributed positively to the Portfolio’s relative performance. The Master Fund’s emphasis on stocks with smaller market capitalizations within the large cap universe also contributed positively to relative performance, as these stocks outperformed their larger counterparts for the period. Additionally, the Master Fund’s exclusion of highly regulated utilities contributed positively to relative performance, as utilities generally underperformed.

U.S. Targeted Value Portfolio

The U.S. Targeted Value Portfolio invests in a broadly diversified group of U.S. small- and mid-cap value stocks with higher profitability. Additionally, the Portfolio generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Portfolio held approximately 1,390 securities. In general, average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 72.74% for the Portfolio’s Class R1 shares, 72.45% for the Portfolio’s Class R2 shares, 72.95% for the Portfolio’s Institutional Class shares, and 64.30% for the Russell 2000^® Value Index, the Portfolio’s benchmark. With low relative price (value) stocks outperforming high relative price (growth) stocks, the Portfolio’s greater emphasis on value stocks as compared to the benchmark contributed positively to the Portfolio’s relative performance. The Portfolio’s exclusion of highly regulated utilities also contributed positively to relative performance, as utilities generally underperformed.

11

U.S. Small Cap Value Portfolio

The U.S. Small Cap Value Portfolio invests in a broadly diversified group of U.S. small-cap value stocks with higher profitability. Additionally, the Portfolio generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Portfolio held approximately 1,030 securities. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 73.01% for the Portfolio and 64.30% for the Russell 2000^® Value Index, the Portfolio’s benchmark. With low relative price (value) stocks outperforming high relative price (growth) stocks for the period, the Portfolio’s greater emphasis on value stocks as compared to the benchmark contributed positively to the Portfolio’s relative performance. The Portfolio’s exclusion of highly regulated utilities also contributed positively to relative performance, as utilities generally underperformed.

U.S. Core Equity 1 Portfolio

The U.S. Core Equity 1 Portfolio invests in a broadly diversified group of U.S. securities with increased exposure to smaller market capitalization stocks, lower relative price (value) stocks, and higher-profitability stocks relative to the market. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Portfolio held approximately 2,510 securities. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 45.50% for the Portfolio and 43.90% for the Russell 3000^® Index, the Portfolio’s benchmark. The Portfolio’s emphasis on small-cap stocks contributed positively to performance relative to the benchmark, as small-caps outperformed large-caps for the period. With low relative price (value) stocks outperforming high relative price (growth) stocks, the Portfolio’s emphasis on value stocks also contributed positively to relative performance.

U.S. Core Equity 2 Portfolio

The U.S. Core Equity 2 Portfolio invests in a broadly diversified group of U.S. securities with increased exposure to smaller market capitalization stocks, lower relative price (value) stocks, and higher-profitability stocks relative to the U.S. Core Equity 1 Portfolio and the market. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Portfolio held approximately 2,560 securities. In general, average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 47.35% for the Portfolio and 43.90% for the Russell 3000^® Index, the Portfolio’s benchmark. The Portfolio’s emphasis on small-cap stocks contributed positively to performance relative to the benchmark, as small-caps outperformed large-caps for the period. With low relative price (value) stocks outperforming high relative price (growth) stocks, the Portfolio’s emphasis on value stocks also contributed positively to relative performance.

U.S. Vector Equity Portfolio

The U.S. Vector Equity Portfolio invests in a broadly diversified group of U.S. securities with increased exposure to smaller market capitalization stocks, lower relative price (value) stocks, and

12

higher-profitability stocks relative to the market. The Portfolio’s increased exposure to small-cap and value stocks may be achieved by decreasing the allocation to or excluding the largest high relative price (growth) stocks in the U.S. market. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Portfolio held approximately 2,400 securities. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 54.98% for the Portfolio and 43.90% for the Russell 3000^® Index, the Portfolio’s benchmark. The Portfolio’s emphasis on small-cap stocks contributed positively to performance relative to the benchmark, as small-caps outperformed large-caps for the period. With low relative price (value) stocks outperforming high relative price (growth) stocks, the Portfolio’s emphasis on value stocks also contributed positively to relative performance.

U.S. Small Cap Portfolio

The U.S. Small Cap Portfolio invests in a broadly diversified group of U.S. small-cap stocks. The Portfolio generally excludes stocks with the lowest profitability and highest relative price. Additionally, the Portfolio generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Portfolio held approximately 2,010 securities. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 58.30% for the Portfolio and 50.80% for the Russell 2000^® Index, the Portfolio’s benchmark. The Portfolio’s exclusion of stocks with the lowest profitability and highest relative price contributed positively to performance relative to the benchmark, as those stocks underperformed. The Portfolio’s exclusion of stocks with high asset growth also contributed positively to relative performance, as those stocks underperformed.    

U.S. Micro Cap Portfolio

The U.S. Micro Cap Portfolio invests in a broadly diversified group of U.S. micro-cap companies. The Portfolio generally excludes stocks with the lowest profitability and highest relative price.

Additionally, the Portfolio generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Portfolio held approximately 1,600 securities. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 64.00% for the Portfolio and 50.80% for the Russell 2000^® Index, the Portfolio’s benchmark. The Portfolio’s emphasis on micro-cap stocks contributed positively to performance relative to the benchmark, as micro-caps outperformed other small-caps. The Portfolio’s exclusion of stocks with the lowest profitability and highest relative price also contributed positively to relative performance, as those stocks underperformed. Additionally, the Portfolio’s exclusion of stocks with high asset growth contributed positively to relative performance, as those stocks underperformed.

U.S. High Relative Profitability Portfolio

The U.S. High Relative Profitability Portfolio seeks to capture the returns of U.S. large-cap stocks with higher profitability. The investment strategy is process driven, emphasizing broad diversification

13

with increased exposure to stocks with smaller market capitalizations, lower relative price (value), and higher profitability within the large-cap high relative profitability segment of the U.S. market. As of October 31, 2021, the Portfolio held approximately 180 securities. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 35.42% for the Portfolio and 43.51% for the Russell 1000^® Index, the Portfolio’s benchmark. The Portfolio’s focus on stocks with high profitability detracted from performance relative to the benchmark, as stocks with high profitability generally underperformed stocks with low profitability for the period.

DFA Real Estate Securities Portfolio

The DFA Real Estate Securities Portfolio invests in a broadly diversified group of U.S. real estate securities. As of October 31, 2021, the Portfolio held approximately 160 securities. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 47.01% for the Portfolio, 42.91% for the S&P 500^® Index, and 56.10 % for the Dow Jones U.S. Select REIT IndexSM, the Portfolio’s benchmarks. Differences in REIT eligibility between the Portfolio and the Dow Jones U.S. Select REIT IndexSM detracted from the Portfolio’s performance relative to the benchmark, most notably among tower and data center REITs. The Portfolio includes tower REITs, which are excluded by the benchmark, as well as data center REITs, which are held by the benchmark at a lower weight, and these securities generally underperformed.

14

DFA INVESTMENT DIMENSIONS GROUP INC.

DISCLOSURE OF FUND EXPENSES

(Unaudited)

The following Expense Tables are shown so that you can understand the impact of fees on your investment. All mutual funds have operating expenses. As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports, among others. Operating expenses and legal and audit services, which are deducted from a fund’s gross income, directly reduce the investment return of the fund. A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs, in dollars, of investing in the fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.

The Expense Tables below illustrate your fund’s costs in two ways.

Actual Fund Return

This section helps you to estimate the actual expenses after fee waivers that you paid over the period. The “Ending Account Value” shown is derived from the fund’s actual return, and “Expenses Paid During Period” reflects the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.

To do so, simply divide your account value by $1,000 (for example, a $7,500 account value divided by $1,000 = 7.5), then multiply the result by the number given for your fund under the heading “Expenses Paid During Period.”

Hypothetical Example for Comparison Purposes

This section is intended to help you compare your fund’s costs with those of other mutual funds. The hypothetical “Ending Account Value” and “Expenses Paid During Period” are derived from the fund’s actual expense ratio and an assumed 5% annual return before expenses. In this case, because the return used is not the fund’s actual return, the results do not apply to your investment. The example is useful in making comparisons because the SEC requires all mutual funds to calculate expenses based on a 5% annual return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.

Please note that the expenses shown in the tables are meant to highlight and help you compare ongoing costs only and do not reflect any transactional costs, if applicable. The “Annualized Expense Ratio” represents the actual expenses for the six-month period indicated.

Six Months Ended October 31, 2021

EXPENSE TABLES

	Beginning Account Value 05/01/21		Ending Account Value 10/31/21		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
Enhanced U.S. Large Company Portfolio
Actual Fund Return	$	1,000.00	$	1,099.70		0.15	%	$	0.79
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.45		0.15	%	$	0.77
U.S. Large Cap Equity Portfolio
Actual Fund Return	$	1,000.00	$	1,092.90		0.14	%	$	0.74
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.50		0.14	%	$	0.71

15

DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning Account Value 05/01/21		Ending Account Value 10/31/21		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
U.S. Large Cap Value Portfolio (2)
Actual Fund Return	$	1,000.00	$	1,040.00		0.23	%	$	1.18
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.05		0.23	%	$	1.17
U.S. Targeted Value Portfolio
Actual Fund Return
Class R1 Shares	$	1,000.00	$	1,050.60		0.43	%	$	2.22
Class R2 Shares	$	1,000.00	$	1,049.70		0.58	%	$	3.00
Institutional Class Shares	$	1,000.00	$	1,051.10		0.33	%	$	1.71
Hypothetical 5% Annual Return
Class R1 Shares	$	1,000.00	$	1,023.04		0.43	%	$	2.19
Class R2 Shares	$	1,000.00	$	1,022.28		0.58	%	$	2.96
Institutional Class Shares	$	1,000.00	$	1,023.54		0.33	%	$	1.68
U.S. Small Cap Value Portfolio
Actual Fund Return	$	1,000.00	$	1,047.80		0.42	%	$	2.17
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.09		0.42	%	$	2.14
U.S. Core Equity 1 Portfolio
Actual Fund Return	$	1,000.00	$	1,080.70		0.15	%	$	0.79
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.45		0.15	%	$	0.77
U.S. Core Equity 2 Portfolio
Actual Fund Return	$	1,000.00	$	1,076.50		0.19	%	$	0.99
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.25		0.19	%	$	0.97
U.S. Vector Equity Portfolio
Actual Fund Return	$	1,000.00	$	1,050.70		0.29	%	$	1.50
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.74		0.29	%	$	1.48
U.S. Small Cap Portfolio
Actual Fund Return	$	1,000.00	$	1,047.30		0.33	%	$	1.70
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.54		0.33	%	$	1.68
U.S. Micro Cap Portfolio
Actual Fund Return	$	1,000.00	$	1,053.70		0.46	%	$	2.38
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.89		0.46	%	$	2.35
U.S. High Relative Profitability Portfolio
Actual Fund Return	$	1,000.00	$	1,081.40		0.24	%	$	1.26
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.00		0.24	%	$	1.22

16

DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning Account Value 05/01/21		Ending Account Value 10/31/21		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
DFA Real Estate Securities Portfolio
Actual Fund Return	$	1,000.00	$	1,119.30		0.18	%	$	0.96
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.30		0.18	%	$	0.92

(1) Expenses are equal to the fund’s annualized expense ratio for the six-month period, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period (184), then divided by the number of days in the year (365) to reflect the six-month period.

(2) The Portfolio is a Feeder Fund. The expenses shown reflect the direct expenses of the Feeder Fund and the allocation of the Feeder Fund’s portion of the expenses of its Master Fund (Affiliated Investment Company).

17

DFA INVESTMENT DIMENSIONS GROUP INC.

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

The SEC requires that all funds file a complete Schedule of Investments with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. For DFA Investment Dimensions Group Inc., this would be for the fiscal quarters ending January 31 and July 31. Such Form N-PORT filing must be made within 60 days of the end of the quarter. DFA Investment Dimensions Group Inc. filed its most recent Form N-PORT with the SEC on September 24, 2021 (September 27, 2021 with respect to the U.S. Micro Cap Portfolio). They are available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

SEC regulations permit a fund to include in its reports to shareholders a “Summary Schedule of Portfolio Holdings” in lieu of a full Schedule of Investments. The Summary Schedule of Portfolio Holdings reports the fund’s 50 largest holdings in unaffiliated issuers and any investments that exceed one percent of the fund’s net assets at the end of the reporting period. The regulations also require that the Summary Schedule of Portfolio Holdings identify each category of investments that are held.

A fund is required to file a complete Schedule of Investments with the SEC on Form N-CSR within ten days after mailing the annual and semi-annual reports to shareholders. It will be available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

PORTFOLIO HOLDINGS

The SEC requires that all funds present their categories of portfolio holdings in a table, chart, or graph format in their annual and semi-annual shareholder reports, whether or not a Schedule of Investments is used. The following table, which presents portfolio holdings as a percentage of total investments before short-term investments and collateral for loaned securities, is provided in compliance with this requirement. The categories shown below represent broad industry sectors. Each industry sector consists of one or more specific industry classifications.

The categories of industry classification for the Affiliated Investment Company are represented in its Disclosure of Portfolio Holdings, which is included elsewhere in the report. Refer to the Summary Schedule of Portfolio Holdings for the Affiliated Investment Company’s holdings, which reflect the investments by category or country.

FEEDER FUND

	Affiliated Investment Company
U.S. Large Cap Value Portfolio		100.0	%

ENHANCED DOMESTIC EQUITY PORTFOLIO

Enhanced U.S. Large Company Portfolio
Basic Materials	0.7	%
Communications	1.1	%
Consumer, Cyclical	4.9	%
Consumer, Non-cyclical	3.9	%
Energy	2.9	%
Financial	25.7	%
Foreign Government	24.0	%
Industrial	1.4	%
Supranational	8.3	%
Technology	3.5	%
U.S. Government	22.9	%
Utilities	0.7	%
	100.0	%

18

DOMESTIC EQUITY PORTFOLIOS

U.S. Large Cap Equity Portfolio
Communication Services	10.3	%
Consumer Discretionary	12.1	%
Consumer Staples	5.9	%
Energy	3.0	%
Financials	12.3	%
Health Care	13.3	%
Industrials	11.0	%
Information Technology	26.3	%
Materials	3.7	%
Real Estate	0.2	%
Utilities	1.9	%
	100.0	%

U.S. Core Equity 1 Portfolio
Communication Services	8.4	%
Consumer Discretionary	12.7	%
Consumer Staples	5.8	%
Energy	3.3	%
Financials	14.3	%
Health Care	11.9	%
Industrials	12.4	%
Information Technology	24.5	%
Materials	4.1	%
Real Estate	0.3	%
Utilities	2.3	%
	100.0	%

U.S. Small Cap Portfolio
Communication Services	2.6	%
Consumer Discretionary	14.2	%
Consumer Staples	3.8	%
Energy	3.6	%
Financials	20.4	%
Health Care	12.1	%
Industrials	20.7	%
Information Technology	13.2	%
Materials	6.1	%
Real Estate	0.5	%
Utilities	2.8	%
	100.0	%

DFA Real Estate Securities Portfolio
Real Estate	100.0	%
	100.0	%

U.S. Targeted Value Portfolio
Communication Services	2.8	%
Consumer Discretionary	13.8	%
Consumer Staples	4.7	%
Energy	8.0	%
Financials	28.2	%
Health Care	4.5	%
Industrials	19.2	%
Information Technology	8.4	%
Materials	8.9	%
Real Estate	1.0	%
Utilities	0.5	%
	100.0	%

U.S. Core Equity 2 Portfolio
Communication Services	7.2	%
Consumer Discretionary	12.9	%
Consumer Staples	5.6	%
Energy	3.2	%
Financials	14.9	%
Health Care	11.8	%
Industrials	14.0	%
Information Technology	23.8	%
Materials	4.5	%
Real Estate	0.4	%
Utilities	1.7	%
	100.0	%

U.S. Micro Cap Portfolio
Communication Services	2.9	%
Consumer Discretionary	12.5	%
Consumer Staples	4.1	%
Energy	6.2	%
Financials	23.5	%
Health Care	10.9	%
Industrials	18.9	%
Information Technology	12.0	%
Materials	5.9	%
Real Estate	1.0	%
Utilities	2.1	%
	100.0	%

U.S. Small Cap Value Portfolio
Communication Services	2.6	%
Consumer Discretionary	13.5	%
Consumer Staples	4.5	%
Energy	8.9	%
Financials	28.5	%
Health Care	3.8	%
Industrials	20.9	%
Information Technology	7.4	%
Materials	8.7	%
Real Estate	0.6	%
Utilities	0.6	%
	100.0	%

U.S. Vector Equity Portfolio
Communication Services	6.3	%
Consumer Discretionary	12.1	%
Consumer Staples	4.8	%
Energy	6.1	%
Financials	22.9	%
Health Care	10.5	%
Industrials	17.6	%
Information Technology	11.6	%
Materials	6.3	%
Real Estate	0.7	%
Utilities	1.1	%
	100.0	%

U.S. High Relative Profitability Portfolio
Communication Services	3.4	%
Consumer Discretionary	17.1	%
Consumer Staples	11.6	%
Energy	0.3	%
Financials	3.4	%
Health Care	15.1	%
Industrials	12.6	%
Information Technology	34.7	%
Materials	1.7	%
Utilities	0.1	%
	100.0	%

19

ENHANCED U.S. LARGE COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

			Face Amount^		Value†
			(000)
BONDS — (76.4%)
AUSTRALIA — (0.3%)
Glencore Funding LLC
#W	4.625%, 04/29/24			1,150	$	1,241,178
CANADA — (20.1%)
Bank of Montreal
	2.270%, 07/11/22	CAD		5,000		4,085,852
Canadian Government Bond
	0.250%, 04/01/24	CAD		14,000		11,071,154
National Bank of Canada
	2.100%, 02/01/23			3,500		3,563,865
Province of Alberta Canada
#	3.350%, 11/01/23			3,000		3,161,823
	3.100%, 06/01/24	CAD		6,000		5,060,197
Province of Manitoba Canada
	0.750%, 12/15/21	GBP		2,500		3,423,149
	3.300%, 06/02/24	CAD		8,000		6,779,703
Province of Ontario Canada
	3.500%, 06/02/24	CAD		13,000		11,070,798
Province of Quebec Canada
	2.250%, 02/22/24	CAD		13,500		11,162,153
PSP Capital, Inc.
	2.090%, 11/22/23	CAD		2,500		2,056,238
Royal Bank of Canada
	2.949%, 05/01/23	CAD		2,750		2,281,260
	2.333%, 12/05/23	CAD		7,000		5,770,645
Suncor Energy, Inc.
	2.800%, 05/15/23			2,000		2,059,844
Toronto-Dominion Bank
	2.850%, 03/08/24	CAD		14,500		12,052,246
TOTAL CANADA						83,598,927
FRANCE — (4.1%)
BNP Paribas SA
W	2.950%, 05/23/22			500		506,995
BPCE SA
W	3.000%, 05/22/22			4,000		4,056,934
Caisse d’Amortissement de la Dette Sociale
	3.375%, 03/20/24			11,000		11,688,710
Credit Agricole SA
W	3.375%, 01/10/22			405		407,336
Societe Generale SA
W	3.875%, 03/28/24			500		530,898
TOTAL FRANCE						17,190,873
GERMANY — (4.4%)
Daimler Finance North America LLC
W	2.550%, 08/15/22			1,750		1,779,182

			Face Amount^		Value†
			(000)
GERMANY — (Continued)
W	3.250%, 08/01/24			1,750	$	1,852,640
Deutsche Bank AG
#	3.950%, 02/27/23			2,350		2,441,815
Kreditanstalt fuer Wiederaufbau
	1.250%, 08/28/23	NOK		104,000		12,297,407
TOTAL GERMANY						18,371,044
JAPAN — (3.2%)
Daiwa Securities Group, Inc.
#W	3.129%, 04/19/22			1,000		1,012,347
Mitsubishi UFJ Financial Group, Inc.
	2.998%, 02/22/22			500		504,086
	2.665%, 07/25/22			1,000		1,016,270
	3.455%, 03/02/23			1,000		1,037,431
Mizuho Financial Group, Inc.
	2.601%, 09/11/22			3,000		3,055,277
Nissan Motor Acceptance Corp.
W	2.600%, 09/28/22			320		325,274
W	3.450%, 03/15/23			2,350		2,425,058
Sumitomo Mitsui Financial Group, Inc.
	3.102%, 01/17/23			500		514,906
	3.748%, 07/19/23			2,000		2,104,697
	2.696%, 07/16/24			1,100		1,146,397
Toyota Motor Credit Corp.
	0.750%, 07/21/22	EUR		210		244,838
TOTAL JAPAN						13,386,581
NETHERLANDS — (1.4%)
Cooperatieve Rabobank UA
W	2.625%, 07/22/24			3,500		3,648,812
Shell International Finance BV
	1.250%, 03/15/22	EUR		2,000		2,326,519
TOTAL NETHERLANDS						5,975,331
NEW ZEALAND — (2.9%)
New Zealand Government Bond
	0.500%, 05/15/24	NZD		17,600		12,128,859
NORWAY — (2.9%)
Norway Government Bond
W	3.000%, 03/14/24	NOK		99,000		12,157,995
SINGAPORE — (2.9%)
Singapore Government Bond
	2.000%, 02/01/24	SGD		15,200		11,552,338

20

ENHANCED U.S. LARGE COMPANY PORTFOLIO

CONTINUED

			Face Amount^		Value†
			(000)
SINGAPORE — (Continued)
Temasek Financial I Ltd.
	0.500%, 03/01/22	EUR		500	$	579,444
TOTAL SINGAPORE						12,131,782
SPAIN — (0.7%)
Banco Santander SA
	2.706%, 06/27/24			1,200		1,251,342
Santander Holdings USA, Inc.
	3.400%, 01/18/23			1,500		1,543,689
TOTAL SPAIN						2,795,031
SUPRANATIONAL ORGANIZATION OBLIGATIONS — (8.2%)
European Investment Bank
	1.500%, 01/26/24	NOK		104,720		12,412,145
Inter-American Development Bank
	3.000%, 02/21/24			7,000		7,375,060
International Bank for Reconstruction & Development
	2.500%, 01/24/24	NZD		16,000		11,494,851
Nordic Investment Bank
	1.875%, 04/10/24	NOK		25,000		2,982,013
TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS						34,264,069
SWEDEN — (0.4%)
Skandinaviska Enskilda Banken AB
W	0.550%, 09/01/23			1,585		1,581,782
SWITZERLAND — (0.9%)
UBS AG
W	0.700%, 08/09/24			3,750		3,726,124
UNITED KINGDOM — (2.5%)
CNH Industrial Capital LLC
	4.375%, 04/05/22			940		954,229
	1.950%, 07/02/23			1,094		1,114,065
HSBC Holdings PLC
	3.600%, 05/25/23			2,450		2,560,825
HSBC USA, Inc.
	3.500%, 06/23/24			1,100		1,172,699
Lloyds Banking Group PLC
	3.000%, 01/11/22			1,000		1,005,114
NatWest Markets PLC
#W	2.375%, 05/21/23			2,000		2,051,652
W	0.800%, 08/12/24			1,650		1,633,948
TOTAL UNITED KINGDOM						10,492,532

			Face Amount^		Value†
			(000)
UNITED STATES — (21.5%)
AbbVie, Inc.
#	2.900%, 11/06/22			2,000	$	2,045,457
Aetna, Inc.
	2.750%, 11/15/22			221		224,810
Air Lease Corp.
	2.250%, 01/15/23			1,610		1,638,338
Allstate Corp.
#	3.150%, 06/15/23			852		888,366
American Express Co.
	2.500%, 08/01/22			2,231		2,261,129
American Honda Finance Corp.
	2.150%, 09/10/24			2,250		2,323,832
Aon Corp.
#	2.200%, 11/15/22			3,000		3,050,290
Apple, Inc.
	1.000%, 11/10/22	EUR		4,000		4,691,260
Booking Holdings, Inc.
	2.750%, 03/15/23			2,000		2,055,598
Boston Scientific Corp.
	3.375%, 05/15/22			733		744,454
Bunge Ltd. Finance Corp.
	3.000%, 09/25/22			200		204,070
Capital One Financial Corp.
	3.200%, 01/30/23			2,000		2,060,955
Cardinal Health, Inc.
	3.079%, 06/15/24			2,750		2,885,703
Cigna Corp.
	3.750%, 07/15/23			1,082		1,135,485
Constellation Brands, Inc.
	3.200%, 02/15/23			1,500		1,544,490
Dollar Tree, Inc.
	3.700%, 05/15/23			2,689		2,802,977
Eastman Chemical Co.
	3.500%, 12/01/21			200		200,484
eBay, Inc.
	2.750%, 01/30/23			2,400		2,459,562
General Motors Financial Co., Inc.
	3.550%, 07/08/22			837		854,142
Glencore Funding LLC
W	4.125%, 05/30/23			1,000		1,049,480
	4.125%, 05/30/23			500		524,740
Global Payments, Inc.
	3.750%, 06/01/23			1,000		1,039,170
	4.000%, 06/01/23			1,500		1,572,655
Goldman Sachs Group, Inc.
	3.625%, 01/22/23			2,000		2,073,148
	3.200%, 02/23/23			1,500		1,545,299
Intercontinental Exchange, Inc.
	0.700%, 06/15/23			3,500		3,503,500

21

ENHANCED U.S. LARGE COMPANY PORTFOLIO

CONTINUED

		Face Amount^		Value†
		(000)
UNITED STATES — (Continued)
International Business Machines Corp.
	3.000%, 05/15/24		1,500	$	1,578,243
Kinder Morgan Energy Partners LP
#	3.950%, 09/01/22		707		721,288
Kroger Co.
	2.800%, 08/01/22		1,500		1,524,167
Marathon Petroleum Corp.
	4.500%, 05/01/23		1,200		1,260,539
Micron Technology, Inc.
	2.497%, 04/24/23		2,650		2,723,005
Morgan Stanley
	3.125%, 01/23/23		3,100		3,196,486
Mylan, Inc.
W	3.125%, 01/15/23		2,650		2,725,455
NextEra Energy Capital Holdings, Inc.
	0.650%, 03/01/23		3,000		3,003,374
Oracle Corp.
#	2.500%, 10/15/22		2,500		2,545,645
Penske Truck Leasing Co. LP/PTL Finance Corp.
W	4.125%, 08/01/23		578		608,214
Ryder System, Inc.
	2.875%, 06/01/22		1,984		2,007,516
Santander Holdings USA, Inc.
	3.500%, 06/07/24		1,000		1,055,883
Simon Property Group LP
	2.000%, 09/13/24		3,650		3,745,494
Southwest Airlines Co.
	4.750%, 05/04/23		3,000		3,174,587
Stellantis NV
	5.250%, 04/15/23		1,000		1,062,760
Sysco Corp.
	2.600%, 06/12/22		500		506,336

		Face Amount^		Value†
		(000)
UNITED STATES — (Continued)
Valero Energy Corp.
	2.700%, 04/15/23		2,500	$	2,571,005
VF Corp.
#	2.050%, 04/23/22		3,500		3,526,452
VMware, Inc.
	2.950%, 08/21/22		2,764		2,810,338
Waste Management, Inc.
	2.400%, 05/15/23		900		922,523
Williams Cos., Inc.
	3.700%, 01/15/23		3,000		3,084,866
TOTAL UNITED STATES					89,733,570
TOTAL BONDS					318,775,678
U.S. TREASURY OBLIGATIONS — (22.7%)
U.S. Treasury Notes
	1.875%, 02/28/22		24,500		24,645,240
«	2.125%, 03/31/24		15,000		15,531,445
«	0.375%, 04/15/24		22,000		21,849,609
	0.250%, 05/15/24		2,000		1,978,984
	0.250%, 06/15/24		22,000		21,744,766
	0.375%, 09/15/24		9,100		9,007,578
TOTAL U.S. TREASURY OBLIGATIONS					94,757,622
TOTAL INVESTMENT SECURITIES (Cost $415,605,639)					413,533,300
		Shares
SECURITIES LENDING COLLATERAL — (0.9%)
@§	The DFA Short Term Investment Fund		316,714		3,664,384
TOTAL INVESTMENTS — (100.0%) (Cost $419,269,947)				$	417,197,684

As of October 31, 2021, Enhanced U.S. Large Company Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying financial statements:

Currency Purchased	Currency Sold		Counterparty	Settlement Date		Unrealized Foreign Exchange Appreciation (Depreciation)
USD    7,931,118	EUR	6,819,393	Morgan Stanley and Co. International		01/10/22	$	33,379
USD    3,458,458	GBP	2,521,850	Royal Bank of Canada		01/13/22		6,113
NZD       340,041	USD	242,939	Goldman Sachs International		01/19/22		408
Total Appreciation						$	39,900

22

ENHANCED U.S. LARGE COMPANY PORTFOLIO

CONTINUED

Currency Purchased	Currency Sold		Counterparty	Settlement Date		Unrealized Foreign Exchange Appreciation (Depreciation)
USD    11,707,358	SGD	15,819,603	Citibank NA		11/05/21	$	(23,744	)
USD    39,852,948	NOK	343,192,267	Bank of America Corp.		11/08/21		(770,793	)
CAD      1,038,810	USD	841,633	Citibank NA		12/29/21		(2,130	)
USD    70,809,177	CAD	89,883,782	State Street Bank and Trust		12/29/21		(1,829,433	)
USD         207,923	NZD	290,907	Goldman Sachs International		01/19/22		(262	)
USD    23,682,114	NZD	33,154,853	Morgan Stanley and Co. International		01/19/22		(44,817	)
Total (Depreciation)						$	(2,671,179	)
Total Appreciation (Depreciation)						$	(2,631,279	)

As of October 31, 2021, Enhanced 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		1,867		12/17/21	$	416,444,699	$	429,129,950	$	12,685,251
Total Futures Contracts					$	416,444,699	$	429,129,950	$	12,685,251

Summary of the Portfolio’s investments as of October 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
Australia		—	$	1,241,178		—	$	1,241,178
Canada		—		83,598,927		—		83,598,927
France		—		17,190,873		—		17,190,873
Germany		—		18,371,044		—		18,371,044
Japan		—		13,386,581		—		13,386,581
Netherlands		—		5,975,331		—		5,975,331
New Zealand		—		12,128,859		—		12,128,859
Norway		—		12,157,995		—		12,157,995
Singapore		—		12,131,782		—		12,131,782
Spain		—		2,795,031		—		2,795,031
Supranational Organization Obligations		—		34,264,069		—		34,264,069
Sweden		—		1,581,782		—		1,581,782
Switzerland		—		3,726,124		—		3,726,124
United Kingdom		—		10,492,532		—		10,492,532
United States		—		89,733,570		—		89,733,570
U.S. Treasury Obligations		—		94,757,622		—		94,757,622
Securities Lending Collateral		—		3,664,384		—		3,664,384

23

ENHANCED U.S. LARGE COMPANY PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2			Level 3		Total
Forward Currency Contracts**		—	$	(2,631,279	)		—	$	(2,631,279	)
Futures Contracts**	$	12,685,251		—			—		12,685,251
TOTAL	$	12,685,251	$	414,566,405			—	$	427,251,656

** Valued at the unrealized appreciation/(depreciation) on the investment.

See accompanying Notes to Financial Statements.

24

U.S. LARGE CAP EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (99.3%)
COMMUNICATION SERVICES — (10.3%)
*	Alphabet, Inc., Class A		13,686	$	40,523,151		1.8	%
*	Alphabet, Inc., Class C		13,609		40,356,265		1.8	%
	AT&T, Inc.		356,591		9,007,489		0.4	%
	Comcast Corp., Class A		232,036		11,933,612		0.5	%
*	Facebook, Inc., Class A.		116,865		37,814,008		1.7	%
*	Netflix, Inc.		17,536		12,105,276		0.6	%
	Verizon Communications, Inc.		280,470		14,862,105		0.7	%
*	Walt Disney Co.		67,564		11,423,045		0.5	%
	Other Securities				48,476,506		2.3	%
TOTAL COMMUNICATION SERVICES					226,501,457		10.3	%
CONSUMER DISCRETIONARY — (12.0%)
*	Amazon.com, Inc.		19,656		66,288,484		3.0	%
	Home Depot, Inc.		48,117		17,887,014		0.8	%
	NIKE, Inc., Class B		51,869		8,677,165		0.4	%
	Target Corp.		31,433		8,160,635		0.4	%
*	Tesla, Inc.		24,262		27,027,868		1.2	%
	Other Securities				136,485,750		6.2	%
TOTAL CONSUMER DISCRETIONARY					264,526,916		12.0	%
CONSUMER STAPLES — (5.8%)
	Coca-Cola Co.		204,227		11,512,276		0.5	%
	Costco Wholesale Corp.		22,343		10,982,478		0.5	%
	PepsiCo, Inc.		75,897		12,264,955		0.5	%
	Procter & Gamble Co.		124,570		17,812,264		0.8	%
	Walmart, Inc.		79,532		11,883,671		0.5	%
	Other Securities				64,790,431		3.1	%
TOTAL CONSUMER STAPLES					129,246,075		5.9	%
ENERGY — (2.9%)
	Chevron Corp.		72,140		8,259,309		0.4	%
	Exxon Mobil Corp.		157,133		10,130,365		0.5	%
	Other Securities				46,245,031		2.0	%
TOTAL ENERGY					64,634,705		2.9	%
FINANCIALS — (12.2%)
	Bank of America Corp.		290,428		13,876,650		0.6	%
*	Berkshire Hathaway, Inc., Class B		68,126		19,552,843		0.9	%
	JPMorgan Chase & Co.		148,739		25,269,269		1.1	%
	Other Securities				210,471,953		9.6	%
TOTAL FINANCIALS					269,170,715		12.2	%
HEALTH CARE — (13.2%)
	Abbott Laboratories		78,086		10,064,505		0.5	%
	AbbVie, Inc.		93,295		10,698,138		0.5	%
	Danaher Corp.		25,874		8,066,737		0.4	%
	Eli Lilly & Co.		42,293		10,774,565		0.5	%
	Johnson & Johnson		167,752		27,323,446		1.2	%
	Merck & Co., Inc.		144,699		12,740,747		0.6	%
	Pfizer, Inc.		281,677		12,320,552		0.6	%

25

U.S. LARGE CAP EQUITY PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
	Thermo Fisher Scientific, Inc.		19,512	$	12,352,462		0.6	%
	UnitedHealth Group, Inc.		47,149		21,710,700		1.0	%
	Other Securities				166,240,963		7.4	%
TOTAL HEALTH CARE					292,292,815		13.3	%
INDUSTRIALS — (11.0%)
	Honeywell International, Inc.		35,355		7,729,310		0.3	%
	Union Pacific Corp.		42,772		10,325,161		0.5	%
	United Parcel Service, Inc., Class B		38,913		8,306,758		0.4	%
	Other Securities				215,955,849		9.8	%
TOTAL INDUSTRIALS					242,317,078		11.0	%
INFORMATION TECHNOLOGY — (26.2%)
	Accenture PLC, Class A		39,301		14,100,806		0.6	%
*	Adobe, Inc.		19,845		12,906,394		0.6	%
	Apple, Inc.		740,559		110,935,738		5.0	%
	Broadcom, Inc.		21,823		11,602,634		0.5	%
	Cisco Systems, Inc.		228,736		12,802,354		0.6	%
	Intel Corp.		250,129		12,256,321		0.6	%
	International Business Machines Corp.		63,143		7,899,189		0.4	%
	Mastercard, Inc., Class A		46,367		15,557,056		0.7	%
	Microsoft Corp.		318,006		105,457,150		4.8	%
	NVIDIA Corp.		97,236		24,860,328		1.1	%
*	PayPal Holdings, Inc.		37,226		8,658,395		0.4	%
	QUALCOMM, Inc.		60,153		8,002,755		0.4	%
*	salesforce.com, Inc.		32,878		9,853,208		0.5	%
	Texas Instruments, Inc.		49,493		9,278,948		0.4	%
#	Visa, Inc., Class A		80,464		17,039,861		0.8	%
	Other Securities				196,605,719		8.9	%
TOTAL INFORMATION TECHNOLOGY					577,816,856		26.3	%
MATERIALS — (3.6%)
	Other Securities				80,609,594		3.7	%
REAL ESTATE — (0.2%)
	Other Securities				4,819,869		0.2	%
UTILITIES — (1.9%)
	Other Securities				41,947,856		1.9	%
TOTAL COMMON STOCKS (Cost $1,072,934,262)					2,193,883,936		99.7	%
TEMPORARY CASH INVESTMENTS — (0.2%)
	State Street Institutional U.S. Government Money Market Fund, 0.025%		4,874,754		4,874,754		0.2	%
SECURITIES LENDING COLLATERAL — (0.5%)
@§	The DFA Short Term Investment Fund		921,067		10,656,745		0.5	%
TOTAL INVESTMENTS — (100.0%) (Cost $1,088,463,646)				$	2,209,415,435		100.4	%

26

U.S. LARGE CAP EQUITY PORTFOLIO

CONTINUED

Summary of the Portfolio’s investments as of October 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	$	226,501,457		—		—	$	226,501,457
Consumer Discretionary		264,526,916		—		—		264,526,916
Consumer Staples		129,246,075		—		—		129,246,075
Energy		64,634,705		—		—		64,634,705
Financials		269,170,715		—		—		269,170,715
Health Care		292,292,815		—		—		292,292,815
Industrials		242,317,078		—		—		242,317,078
Information Technology		577,816,856		—		—		577,816,856
Materials		80,609,594		—		—		80,609,594
Real Estate		4,819,869		—		—		4,819,869
Utilities		41,947,856		—		—		41,947,856
Temporary Cash Investments		4,874,754		—		—		4,874,754
Securities Lending Collateral		—	$	10,656,745		—		10,656,745
TOTAL.	$	2,198,758,690	$	10,656,745		—	$	2,209,415,435

See accompanying Notes to Financial Statements.

27

U.S. LARGE CAP VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The U.S. Large Cap Value Series of The DFA Investment Trust Company	$	25,309,881,337
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	25,309,881,337

Summary of the Portfolio’s Master Fund’s investments as of October 31, 2021, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

28

U.S. TARGETED VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (95.1%)
COMMUNICATION SERVICES — (2.6%)
	Nexstar Media Group, Inc., Class A		313,260	$	46,967,072		0.4	%
	Other Securities				301,424,945		2.3	%
TOTAL COMMUNICATION SERVICES					348,392,017		2.7	%
CONSUMER DISCRETIONARY — (13.1%)
*	AutoNation, Inc.		757,968		91,805,084		0.7	%
	BorgWarner, Inc.		1,614,338		72,758,214		0.6	%
#	Dick’s Sporting Goods, Inc.		484,847		60,222,846		0.5	%
#	Dillard’s, Inc., Class A		213,144		49,266,104		0.4	%
	Kohl’s Corp.		1,109,248		53,831,805		0.4	%
	Lithia Motors, Inc., Class A		161,520		51,560,414		0.4	%
*	Mohawk Industries, Inc.		259,151		45,924,149		0.4	%
#	Penske Automotive Group, Inc.		522,178		55,376,977		0.4	%
*	PVH Corp.		494,505		54,064,232		0.4	%
	Toll Brothers, Inc.		1,120,873		67,442,928		0.5	%
	Other Securities				1,135,943,036		8.9	%
TOTAL CONSUMER DISCRETIONARY					1,738,195,789		13.6	%
CONSUMER STAPLES — (4.4%)
	Bunge Ltd.		722,917		66,971,031		0.5	%
*	Darling Ingredients, Inc.		657,499		55,571,816		0.4	%
	Ingredion, Inc.		543,108		51,720,175		0.4	%
*	Post Holdings, Inc.		473,580		48,058,898		0.4	%
	Other Securities				366,071,572		2.9	%
TOTAL CONSUMER STAPLES					588,393,492		4.6	%
ENERGY — (7.6%)
	Devon Energy Corp.		1,789,879		71,738,350		0.6	%
	HollyFrontier Corp.		1,419,822		47,989,984		0.4	%
	Marathon Oil Corp.		4,527,090		73,882,109		0.6	%
#*	Range Resources Corp.		2,641,906		61,609,248		0.5	%
	Other Securities				749,412,154		5.8	%
TOTAL ENERGY					1,004,631,845		7.9	%
FINANCIALS — (26.9%)
*	Athene Holding Ltd., Class A		1,566,693		136,317,958		1.1	%
	Bank OZK		1,161,169		51,869,419		0.4	%
	First Horizon Corp.		3,729,332		63,286,764		0.5	%
	Invesco Ltd.		3,566,791		90,632,159		0.7	%
#	New York Community Bancorp, Inc.		3,696,866		45,952,044		0.4	%
	Old Republic International Corp.		1,708,884		44,140,474		0.4	%
	People’s United Financial, Inc.		3,909,142		67,002,694		0.5	%
	Popular, Inc.		818,200		66,634,208		0.5	%
	Santander Consumer USA Holdings, Inc.		1,542,892		64,338,596		0.5	%
	Unum Group		1,974,174		50,282,212		0.4	%
	Valley National Bancorp		3,350,955		44,433,663		0.4	%
#	Voya Financial, Inc		911,052		63,564,098		0.5	%
	Zions Bancorp NA		1,187,216		74,782,736		0.6	%
	Other Securities				2,701,882,455		21.1	%
TOTAL FINANCIALS					3,565,119,480		28.0	%

29

U.S. TARGETED VALUE PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (4.3%)
*	Acadia Healthcare Co., Inc.		775,477	$	48,079,574		0.4	%
	Other Securities				515,208,345		4.0	%
TOTAL HEALTH CARE					563,287,919		4.4	%
INDUSTRIALS — (18.2%)
	AGCO Corp.		409,961		50,101,334		0.4	%
	AMERCO		96,508		71,125,431		0.6	%
*	Colfax Corp.		993,777		51,298,769		0.4	%
	Knight-Swift Transportation Holdings, Inc.		1,205,722		68,352,380		0.5	%
#*	MasTec, Inc.		524,418		46,741,376		0.4	%
	Other Securities				2,129,187,742		16.7	%
TOTAL INDUSTRIALS					2,416,807,032		19.0	%
INFORMATION TECHNOLOGY — (8.0%)
	Amkor Technology, Inc.		2,212,058		48,488,311		0.4	%
*	Arrow Electronics, Inc.		701,840		81,237,980		0.6	%
	Concentrix Corp.		309,665		55,021,277		0.4	%
	Jabil, Inc.		738,365		44,272,365		0.4	%
	Other Securities				837,044,506		6.6	%
TOTAL INFORMATION TECHNOLOGY					1,066,064,439		8.4	%
MATERIALS — (8.5%)
	Alcoa Corp.		1,140,009		52,383,414		0.4	%
	Huntsman Corp.		1,826,892		59,520,141		0.5	%
	Olin Corp.		1,108,576		63,166,661		0.5	%
	Reliance Steel & Aluminum Co.		524,723		76,693,514		0.6	%
	Steel Dynamics, Inc.		1,220,419		80,645,288		0.6	%
	Westlake Chemical Corp.		623,486		60,690,127		0.5	%
	Other Securities				734,398,501		5.8	%
TOTAL MATERIALS					1,127,497,646		8.9	%
REAL ESTATE — (1.0%)
*	Jones Lang LaSalle, Inc.		234,352		60,516,717		0.5	%
	Other Securities				69,121,324		0.5	%
TOTAL REAL ESTATE					129,638,041		1.0	%
UTILITIES — (0.5%)
	Other Securities				61,075,692		0.5	%
TOTAL COMMON STOCKS					12,609,103,392		99.0	%
PREFERRED STOCKS — (0.0%)
COMMUNICATION SERVICES — (0.0%)
	Other Security				507,622		0.0	%
CONSUMER DISCRETIONARY — (0.0%)
	Other Security				1,119,968		0.0	%

30

U.S. TARGETED VALUE PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
INDUSTRIALS — (0.0%)
	Other Security			$	5,624,902		0.1	%
TOTAL PREFERRED STOCKS					7,252,492		0.1	%
TOTAL INVESTMENT SECURITIES (Cost $8,041,395,767)					12,616,355,884
TEMPORARY CASH INVESTMENTS — (0.8%)
	State Street Institutional U.S. Government Money Market Fund, 0.025%		109,624,530		109,624,530		0.9	%
SECURITIES LENDING COLLATERAL — (4.1%)
@§	The DFA Short Term Investment Fund		46,562,632		538,729,655		4.2	%
TOTAL INVESTMENTS—(100.0%) (Cost $8,689,719,810)				$	13,264,710,069		104.2	%

As of October 31, 2021, U.S. Targeted Value 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		469		12/17/21	$	105,037,419	$	107,799,650	$	2,762,231
Total Futures Contracts					$	105,037,419	$	107,799,650	$	2,762,231

Summary of the Portfolio’s investments as of October 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	$	348,325,706		—	$	66,311	$	348,392,017
Consumer Discretionary		1,738,172,126		—		23,663		1,738,195,789
Consumer Staples		588,383,796	$	9,696		—		588,393,492
Energy		1,004,631,845		—		—		1,004,631,845
Financials		3,564,989,584		129,896		—		3,565,119,480
Health Care		558,211,442		320		5,076,157		563,287,919
Industrials		2,416,807,032		—		—		2,416,807,032
Information Technology		1,066,064,439		—		—		1,066,064,439
Materials		1,127,497,646		—		—		1,127,497,646
Real Estate		129,638,041		—		—		129,638,041
Utilities		61,075,692		—		—		61,075,692
Preferred Stocks
Communication Services		507,622		—		—		507,622
Consumer Discretionary		1,119,968		—		—		1,119,968
Industrials		5,624,902		—		—		5,624,902
Temporary Cash Investments		109,624,530		—		—		109,624,530

31

U.S. TARGETED VALUE PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Securities Lending Collateral		—	$	538,729,655		—	$	538,729,655
Futures Contracts**	$	2,762,231		—		—		2,762,231
TOTAL	$	12,723,436,602	$	538,869,567	$	5,166,131^	$	13,267,472,300

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

32

U.S. SMALL CAP VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (96.6%)
COMMUNICATION SERVICES — (2.5%)
	Other Securities			$	384,497,288		2.6	%
CONSUMER DISCRETIONARY — (13.0%)
#*	AutoNation, Inc.		703,798		85,244,014		0.6	%
#	Dillard’s, Inc., Class A		441,605		102,072,580		0.7	%
*	Goodyear Tire & Rubber Co.		4,181,911		79,958,138		0.5	%
#	Group 1 Automotive, Inc.		398,390		71,630,522		0.5	%
	MDC Holdings, Inc.		1,556,552		76,239,917		0.5	%
	Penske Automotive Group, Inc.		1,018,528		108,014,894		0.7	%
*	Taylor Morrison Home Corp.		3,020,167		92,205,699		0.6	%
*	Tri Pointe Homes, Inc.		2,694,133		65,171,077		0.4	%
	Other Securities				1,344,828,129		8.9	%
TOTAL CONSUMER DISCRETIONARY					2,025,364,970		13.4	%
CONSUMER STAPLES — (4.4%)
*	Darling Ingredients, Inc.		764,174		64,587,986		0.4	%
	Seaboard Corp.		16,795		64,661,086		0.4	%
	Other Securities				555,424,965		3.7	%
TOTAL CONSUMER STAPLES					684,674,037		4.5	%
ENERGY — (8.6%)
*	Antero Resources Corp.		4,567,877		90,763,716		0.6	%
#*	CNX Resources Corp.		5,047,811		73,748,519		0.5	%
	Matador Resources Co.		2,409,586		100,841,174		0.7	%
#	Murphy Oil Corp.		3,053,226		84,971,280		0.6	%
	PDC Energy, Inc.		2,193,557		114,744,967		0.8	%
	Other Securities				872,798,154		5.6	%
TOTAL ENERGY					1,337,867,810		8.8	%
FINANCIALS — (27.6%)
	American Equity Investment Life Holding Co.		2,519,259		80,288,784		0.5	%
	Associated Banc-Corp.		3,382,534		75,362,857		0.5	%
	Bank OZK		2,184,460		97,579,828		0.7	%
	First BanCorp		5,960,073		81,354,996		0.5	%
	FNB Corp.		6,925,845		80,686,094		0.5	%
	Hancock Whitney Corp.		1,363,391		67,460,587		0.5	%
	Navient Corp.		4,388,793		86,459,222		0.6	%
	Nelnet, Inc., Class A		809,963		66,927,243		0.5	%
	New York Community Bancorp, Inc.		6,143,979		76,369,659		0.5	%
#	Old National Bancorp		3,932,674		67,170,072		0.5	%
	Popular, Inc.		1,349,473		109,901,081		0.7	%
	Simmons First National Corp., Class A		2,173,998		64,980,800		0.4	%
	Sterling Bancorp		4,201,566		106,929,855		0.7	%
#	United Bankshares, Inc.		1,812,211		67,033,685		0.5	%
	Valley National Bancorp		7,999,311		106,070,864		0.7	%
	Washington Federal, Inc.		2,068,461		73,140,781		0.5	%
	Wintrust Financial Corp.		753,451		66,680,413		0.4	%
	Other Securities				2,916,581,408		19.1	%
TOTAL FINANCIALS					4,290,978,229		28.3	%

33

U.S. SMALL CAP VALUE PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (3.7%)
#*	Acadia Healthcare Co., Inc.		1,885,658	$	116,910,796		0.8	%
	Other Securities				460,633,313		3.0	%
TOTAL HEALTH CARE					577,544,109		3.8	%
INDUSTRIALS — (20.1%)
	Air Lease Corp.		2,099,726		84,094,026		0.6	%
*	Beacon Roofing Supply, Inc.		1,544,185		81,641,061		0.5	%
*	Colfax Corp.		1,821,986		94,050,917		0.6	%
	Encore Wire Corp.		479,744		64,314,481		0.4	%
#	GATX Corp.		813,726		77,181,911		0.5	%
	Korn Ferry		857,296		66,191,824		0.4	%
	Regal Beloit Corp.		719,179		109,552,537		0.7	%
	Triton International Ltd.		1,513,495		94,124,254		0.6	%
*	WESCO International, Inc.		828,286		107,312,734		0.7	%
	Other Securities				2,352,342,155		15.7	%
TOTAL INDUSTRIALS					3,130,805,900		20.7	%
INFORMATION TECHNOLOGY — (7.1%)
	Amkor Technology, Inc.		5,543,932		121,522,989		0.8	%
*	Insight Enterprises, Inc.		776,776		73,560,687		0.5	%
	Other Securities				912,343,573		6.0	%
TOTAL INFORMATION TECHNOLOGY					1,107,427,249		7.3	%
MATERIALS — (8.5%)
	Alcoa Corp.		2,046,661		94,044,073		0.6	%
	Commercial Metals Co.		2,751,164		88,532,458		0.6	%
#*	Domtar Corp.		1,314,136		71,738,684		0.5	%
	Element Solutions, Inc.		5,898,922		133,964,519		0.9	%
	Olin Corp.		2,025,876		115,434,414		0.8	%
	Other Securities				813,103,467		5.3	%
TOTAL MATERIALS					1,316,817,615		8.7	%
REAL ESTATE — (0.5%)
	Other Securities				85,001,924		0.6	%
UTILITIES — (0.6%)
	Other Securities				94,796,999		0.6	%
TOTAL COMMON STOCKS					15,035,776,130		99.3	%
PREFERRED STOCKS — (0.2%)
COMMUNICATION SERVICES — (0.0%)
	Other Security				385,785		0.0	%
CONSUMER DISCRETIONARY — (0.1%)
	Other Security				13,208,815		0.1	%

34

U.S. SMALL CAP VALUE PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
INDUSTRIALS — (0.1%)
	Other Security			$	10,370,164		0.0	%
TOTAL PREFERRED STOCKS					23,964,764		0.1	%
TOTAL INVESTMENT SECURITIES (Cost $9,275,017,958)					15,059,740,894
TEMPORARY CASH INVESTMENTS — (0.6%)
	State Street Institutional U.S. Government Money Market Fund, 0.025%		89,706,022		89,706,022		0.6	%
SECURITIES LENDING COLLATERAL — (2.6%)
@§	The DFA Short Term Investment Fund		35,299,658		408,417,041		2.7	%
TOTAL INVESTMENTS—(100.0%) (Cost $9,773,072,564)				$	15,557,863,957		102.7	%

As of October 31, 2021, U.S. Small Cap Value 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		358		12/17/21	$	79,051,466	$	82,286,300	$	3,234,834
Total Futures Contracts					$	79,051,466	$	82,286,300	$	3,234,834

Summary of the Portfolio’s investments as of October 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	$	384,397,696		—	$	99,592	$	384,497,288
Consumer Discretionary		2,024,719,089	$	625,485		20,396		2,025,364,970
Consumer Staples		683,441,811		1,232,226		—		684,674,037
Energy		1,337,867,810		—		—		1,337,867,810
Financials		4,289,801,120		1,177,109		—		4,290,978,229
Health Care		574,367,855		—		3,176,254		577,544,109
Industrials		3,130,805,900		—		—		3,130,805,900
Information Technology		1,107,427,249		—		—		1,107,427,249
Materials		1,315,757,535		1,060,080		—		1,316,817,615
Real Estate		85,001,924		—		—		85,001,924
Utilities		94,796,999		—		—		94,796,999
Preferred Stocks
Communication Services		385,785		—		—		385,785
Consumer Discretionary		13,208,815		—		—		13,208,815
Industrials		10,370,164		—		—		10,370,164
Temporary Cash Investments		89,706,022		—		—		89,706,022

35

U.S. SMALL CAP VALUE PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Securities Lending Collateral		—	$	408,417,041		—	$	408,417,041
Futures Contracts**	$	3,234,834		—		—		3,234,834
TOTAL	$	15,145,290,608	$	412,511,941	$	3,296,242^	$	15,561,098,791

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

36

U.S. CORE EQUITY 1 PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (98.0%)
COMMUNICATION SERVICES — (8.3%)
*	Alphabet, Inc., Class A		150,300	$	445,026,276		1.3	%
*	Alphabet, Inc., Class C		144,137		427,425,301		1.3	%
	AT&T, Inc.		6,036,116		152,472,290		0.5	%
	Comcast Corp., Class A		3,223,768		165,798,388		0.5	%
*	Facebook, Inc., Class A		1,282,808		415,078,185		1.3	%
*	Netflix, Inc.		160,326		110,674,641		0.3	%
	Verizon Communications, Inc.		4,556,038		241,424,454		0.7	%
*	Walt Disney Co.		665,008		112,432,903		0.3	%
	Other Securities				721,806,440		2.2	%
TOTAL COMMUNICATION SERVICES.					2,792,138,878		8.4	%
CONSUMER DISCRETIONARY — (12.5%)
*	Amazon.com, Inc.		251,013		846,523,772		2.6	%
	Home Depot, Inc.		609,996		226,759,913		0.7	%
	NIKE, Inc., Class B		832,505		139,269,761		0.4	%
*	Tesla, Inc.		209,330		233,193,620		0.7	%
	Other Securities				2,767,920,837		8.2	%
TOTAL CONSUMER DISCRETIONARY					4,213,667,903		12.6	%
CONSUMER STAPLES — (5.7%)
	Coca-Cola Co.		2,614,699		147,390,583		0.5	%
	Costco Wholesale Corp.		266,821		131,153,194		0.4	%
	PepsiCo, Inc.		1,155,131		186,669,170		0.6	%
	Procter & Gamble Co.		1,579,025		225,784,785		0.7	%
	Walmart, Inc.		985,735		147,288,524		0.4	%
	Other Securities				1,078,503,734		3.1	%
TOTAL CONSUMER STAPLES.					1,916,789,990		5.7	%
ENERGY — (3.2%)
	Chevron Corp.		958,805		109,773,584		0.3	%
	Exxon Mobil Corp.		2,154,818		138,921,116		0.4	%
	Other Securities				840,747,076		2.6	%
TOTAL ENERGY					1,089,441,776		3.3	%
FINANCIALS — (14.0%)
	Bank of America Corp.		3,912,477		186,938,151		0.6	%
*	Berkshire Hathaway, Inc., Class B		954,456		273,938,417		0.8	%
	Goldman Sachs Group, Inc.		266,036		109,965,981		0.3	%
	JPMorgan Chase & Co.		2,201,688		374,044,774		1.1	%
	Morgan Stanley		1,155,589		118,771,437		0.4	%
	Wells Fargo & Co.		2,169,645		110,999,038		0.3	%
	Other Securities				3,543,101,428		10.6	%
TOTAL FINANCIALS					4,717,759,226		14.1	%
HEALTH CARE — (11.7%)
	Abbott Laboratories		825,558		106,406,171		0.3	%
	AbbVie, Inc.		1,217,399		139,599,143		0.4	%
	Amgen, Inc.		530,972		109,895,275		0.3	%
	Eli Lilly & Co.		520,601		132,628,311		0.4	%
	Johnson & Johnson		1,663,495		270,950,066		0.8	%

37

U.S. CORE EQUITY 1 PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
	Merck & Co., Inc.		1,553,125	$	136,752,656		0.4	%
	Pfizer, Inc.		3,028,207		132,453,774		0.4	%
	Thermo Fisher Scientific, Inc.		201,713		127,698,449		0.4	%
	UnitedHealth Group, Inc.		579,613		266,894,398		0.8	%
	Other Securities				2,514,170,967		7.6	%
TOTAL HEALTH CARE					3,937,449,210		11.8	%
INDUSTRIALS — (12.1%)
	Union Pacific Corp.		458,821		110,759,389		0.3	%
	United Parcel Service, Inc., Class B		506,541		108,131,307		0.3	%
	Other Securities				3,885,903,895		11.7	%
TOTAL INDUSTRIALS					4,104,794,591		12.3	%
INFORMATION TECHNOLOGY — (24.0%)
	Accenture PLC, Class A		449,468		161,264,624		0.5	%
*	Adobe, Inc.		257,391		167,396,811		0.5	%
	Apple, Inc.		10,292,298		1,541,786,240		4.6	%
	Broadcom, Inc.		319,994		170,131,210		0.5	%
	Cisco Systems, Inc.		2,696,369		150,915,773		0.5	%
	Intel Corp.		4,067,165		199,291,085		0.6	%
	Mastercard, Inc., Class A		615,761		206,600,131		0.6	%
	Microsoft Corp.		4,150,122		1,376,263,458		4.1	%
	NVIDIA Corp.		1,138,596		291,104,839		0.9	%
	Oracle Corp.		1,136,589		109,044,349		0.3	%
	QUALCOMM, Inc.		829,776		110,393,399		0.3	%
	Texas Instruments, Inc.		750,861		140,771,420		0.4	%
#	Visa, Inc., Class A		999,910		211,750,941		0.6	%
	Other Securities				3,253,145,932		9.8	%
TOTAL INFORMATION TECHNOLOGY					8,089,860,212		24.2	%
MATERIALS — (4.0%)
	Other Securities				1,360,669,424		4.1	%
REAL ESTATE — (0.3%)
	Other Securities				95,773,508		0.3	%
UTILITIES — (2.2%)
	Other Securities				750,136,985		2.3	%
TOTAL COMMON STOCKS					33,068,481,703		99.1	%
PREFERRED STOCKS — (0.0%)
COMMUNICATION SERVICES — (0.0%)
	Other Security				441,109		0.0	%
CONSUMER DISCRETIONARY — (0.0%)
	Other Security				2,079,224		0.0	%

38

U.S. CORE EQUITY 1 PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
INDUSTRIALS — (0.0%)
	Other Security			$	1,698,583		0.0	%
TOTAL PREFERRED STOCKS					4,218,916		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $13,429,210,983)					33,072,700,619
TEMPORARY CASH INVESTMENTS — (0.8%)
	State Street Institutional U.S. Government Money Market Fund, 0.025%		286,439,888		286,439,888		0.8	%
SECURITIES LENDING COLLATERAL — (1.2%)
@§ The DFA Short Term Investment Fund			34,747,780		402,031,816		1.2	%
TOTAL INVESTMENTS—(100.0%) (Cost $14,117,662,876)				$	33,761,172,323		101.1	%

As of October 31, 2021, U.S. Core Equity 1 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.		1,253		12/17/21	$	281,299,858	$	288,002,050	$	6,702,192
Total Futures Contracts					$	281,299,858	$	288,002,050	$	6,702,192

Summary of the Portfolio’s investments as of October 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	$	2,792,120,563	$	9,064	$	9,251	$	2,792,138,878
Consumer Discretionary		4,213,662,692		—		5,211		4,213,667,903
Consumer Staples		1,916,713,399		76,591		—		1,916,789,990
Energy		1,089,441,776		—		—		1,089,441,776
Financials		4,717,753,076		6,150		—		4,717,759,226
Health Care		3,936,136,606		73,776		1,238,828		3,937,449,210
Industrials		4,104,138,198		656,393		—		4,104,794,591
Information Technology		8,089,860,212		—		—		8,089,860,212
Materials		1,360,669,424		—		—		1,360,669,424
Real Estate		95,742,098		31,410		—		95,773,508
Utilities		750,136,985		—		—		750,136,985
Preferred Stocks
Communication Services		441,109		—		—		441,109
Consumer Discretionary		2,079,224		—		—		2,079,224
Industrials		1,698,583		—		—		1,698,583
Temporary Cash Investments		286,439,888		—		—		286,439,888

39

U.S. CORE EQUITY 1 PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Securities Lending Collateral		—	$	402,031,816		—	$	402,031,816
Futures Contracts**	$	6,702,192		—		—		6,702,192
TOTAL	$	33,363,736,025	$	402,885,200	$	1,253,290^	$	33,767,874,515

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

40

U.S. CORE EQUITY 2 PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS    

October 31, 2021

		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (97.7%)
COMMUNICATION SERVICES — (7.1%)
*	Alphabet, Inc., Class A		120,299	$	356,195,715		1.0	%
*	Alphabet, Inc., Class C		118,065		350,111,132		1.0	%
	AT&T, Inc.		4,477,834		113,110,087		0.3	%
	Comcast Corp., Class A		3,514,912		180,771,924		0.5	%
*	Facebook, Inc., Class A		1,046,938		338,757,729		1.0	%
*	Netflix, Inc.		170,094		117,417,589		0.3	%
	Verizon Communications, Inc.		3,894,696		206,379,941		0.6	%
	Other Securities				860,350,460		2.5	%
TOTAL COMMUNICATION SERVICES					2,523,094,577		7.2	%
CONSUMER DISCRETIONARY — (12.6%)
*	Amazon.com, Inc.		260,802		879,536,489		2.5	%
	Home Depot, Inc.		482,263		179,276,448		0.5	%
	Lowe’s Cos., Inc.		446,794		104,469,373		0.3	%
	NIKE, Inc., Class B		783,135		131,010,654		0.4	%
	Target Corp.		551,687		143,228,979		0.4	%
	Other Securities				3,065,156,657		8.7	%
TOTAL CONSUMER DISCRETIONARY					4,502,678,600		12.8	%
CONSUMER STAPLES — (5.5%)
	Coca-Cola Co.		2,326,598		131,150,329		0.4	%
	Costco Wholesale Corp.		257,234		126,440,800		0.4	%
	PepsiCo, Inc.		1,083,200		175,045,120		0.5	%
	Procter & Gamble Co.		1,497,405		214,113,941		0.6	%
	Walmart, Inc.		1,082,813		161,793,918		0.5	%
	Other Securities				1,145,748,398		3.2	%
TOTAL CONSUMER STAPLES					1,954,292,506		5.6	%
ENERGY — (3.1%)
	Chevron Corp.		861,133		98,591,117		0.3	%
	Exxon Mobil Corp.		1,858,548		119,820,590		0.4	%
	Other Securities				900,852,015		2.5	%
TOTAL ENERGY					1,119,263,722		3.2	%
FINANCIALS — (14.6%)
	American Express Co.		623,197		108,299,175		0.3	%
	Bank of America Corp.		3,352,939		160,203,425		0.5	%
*	Berkshire Hathaway, Inc., Class B		840,748		241,303,083		0.7	%
	JPMorgan Chase & Co.		2,014,663		342,271,097		1.0	%
	Morgan Stanley		1,184,937		121,787,825		0.4	%
	Other Securities				4,229,560,896		11.9	%
TOTAL FINANCIALS					5,203,425,501		14.8	%
HEALTH CARE — (11.6%)
	AbbVie, Inc.		1,165,578		133,656,829		0.4	%
	Amgen, Inc.		480,932		99,538,496		0.3	%
	Eli Lilly & Co.		538,596		137,212,717		0.4	%
	Johnson & Johnson		2,037,810		331,918,493		1.0	%
	Merck & Co., Inc.		1,746,611		153,789,099		0.4	%
	Pfizer, Inc.		3,366,832		147,265,232		0.4	%

41

U.S. CORE EQUITY 2 PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
	Thermo Fisher Scientific, Inc.		217,248	$	137,533,191		0.4	%
	UnitedHealth Group, Inc.		596,227		274,544,647		0.8	%
	Other Securities				2,710,298,170		7.6	%
TOTAL HEALTH CARE					4,125,756,874		11.7	%
INDUSTRIALS — (13.7%)
	Caterpillar, Inc.		494,834		100,951,084		0.3	%
	Union Pacific Corp.		618,468		149,298,175		0.4	%
	United Parcel Service, Inc., Class B		446,131		95,235,585		0.3	%
	Other Securities				4,532,538,951		12.9	%
TOTAL INDUSTRIALS					4,878,023,795		13.9	%
INFORMATION TECHNOLOGY — (23.2%)
	Accenture PLC, Class A		449,831		161,394,864		0.5	%
*	Adobe, Inc.		221,893		144,310,331		0.4	%
	Apple, Inc.		10,417,834		1,560,591,533		4.5	%
	Applied Materials, Inc.		808,235		110,445,313		0.3	%
	Broadcom, Inc.		284,762		151,399,413		0.4	%
	Cisco Systems, Inc.		2,612,626		146,228,677		0.4	%
	Intel Corp.		3,296,761		161,541,289		0.5	%
	Mastercard, Inc., Class A		597,806		200,575,869		0.6	%
	Microsoft Corp.		4,567,509		1,514,677,335		4.3	%
	NVIDIA Corp.		542,376		138,669,272		0.4	%
	Oracle Corp.		1,479,893		141,980,934		0.4	%
	QUALCOMM, Inc.		817,724		108,790,001		0.3	%
	Texas Instruments, Inc.		676,325		126,797,411		0.4	%
#	Visa, Inc., Class A		1,052,889		222,970,304		0.6	%
	Other Securities				3,387,999,061		9.6	%
TOTAL INFORMATION TECHNOLOGY					8,278,371,607		23.6	%
MATERIALS — (4.4%)
	Other Securities				1,571,183,383		4.5	%
REAL ESTATE — (0.3%)
	Other Securities				122,629,545		0.3	%
UTILITIES — (1.6%)
	Other Securities				575,106,777		1.6	%
TOTAL COMMON STOCKS					34,853,826,887		99.2	%
PREFERRED STOCKS — (0.0%)
COMMUNICATION SERVICES — (0.0%)
	Other Security				683,787		0.0	%
CONSUMER DISCRETIONARY — (0.0%)
	Other Security				2,257,733		0.0	%

42

U.S. CORE EQUITY 2 PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
INDUSTRIALS — (0.0%)
	Other Security			$	2,318,073		0.0	%
TOTAL PREFERRED STOCKS					5,259,593		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $14,506,967,742)					34,859,086,480
TEMPORARY CASH INVESTMENTS — (0.8%)
	State Street Institutional U.S. Government Money Market Fund, 0.025%		283,629,515		283,629,515		0.8	%
SECURITIES LENDING COLLATERAL — (1.5%)
@§ The DFA Short Term Investment Fund			46,732,695		540,697,276		1.5	%
TOTAL INVESTMENTS—(100.0%) (Cost $15,331,254,279)				$	35,683,413,271		101.5	%

As of October 31, 2021, U.S. Core Equity 2 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		1,246		12/17/21	$	279,677,121	$	286,393,100	$	6,715,979
Total Futures Contracts					$	279,677,121	$	286,393,100	$	6,715,979

Summary of the Portfolio’s investments as of October 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	$	2,522,837,205	$	239,675	$	17,697	$	2,523,094,577
Consumer Discretionary		4,502,671,276		—		7,324		4,502,678,600
Consumer Staples		1,954,189,957		102,549		—		1,954,292,506
Energy		1,119,263,722		—		—		1,119,263,722
Financials		5,203,311,805		113,696		—		5,203,425,501
Health Care		4,123,743,402		95,074		1,918,398		4,125,756,874
Industrials		4,876,588,875		1,434,920		—		4,878,023,795
Information Technology		8,278,370,975		632		—		8,278,371,607
Materials		1,571,183,383		—		—		1,571,183,383
Real Estate		122,534,861		94,684		—		122,629,545
Utilities		575,106,777		—		—		575,106,777
Preferred Stocks
Communication Services		683,787		—		—		683,787
Consumer Discretionary		2,257,733		—		—		2,257,733
Industrials		2,318,073		—		—		2,318,073
Temporary Cash Investments		283,629,515		—		—		283,629,515

43

U.S. CORE EQUITY 2 PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Securities Lending Collateral		—	$	540,697,276		—	$	540,697,276
Futures Contracts**	$	6,715,979		—		—		6,715,979
TOTAL.	$	35,145,407,325	$	542,778,506	$	1,943,419^	$	35,690,129,250

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

44

U.S. VECTOR EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (96.7%)
COMMUNICATION SERVICES — (6.1%)
*	Alphabet, Inc., Class A		10,216	$	30,248,759		0.6	%
*	Alphabet, Inc., Class C		8,994		26,670,897		0.5	%
	AT&T, Inc.		728,166		18,393,473		0.4	%
	Comcast Corp., Class A		379,292		19,506,988		0.4	%
*	Facebook, Inc., Class A		76,954		24,900,006		0.5	%
	Verizon Communications, Inc.		422,159		22,370,205		0.4	%
*	Walt Disney Co.		80,115		13,545,043		0.3	%
	Other Securities				166,616,671		3.1	%
TOTAL COMMUNICATION SERVICES					322,252,042		6.2	%
CONSUMER DISCRETIONARY — (11.7%)
*	General Motors Co.		210,867		11,477,491		0.2	%
	Lear Corp.		58,782		10,101,687		0.2	%
*	LKQ Corp.		194,919		10,736,139		0.2	%
#	Penske Automotive Group, Inc.		101,131		10,724,943		0.2	%
	Other Securities				580,476,852		11.2	%
TOTAL CONSUMER DISCRETIONARY					623,517,112		12.0	%
CONSUMER STAPLES — (4.6%)
	Bunge Ltd.		114,831		10,637,944		0.2	%
*	Darling Ingredients, Inc.		210,274		17,772,358		0.4	%
	Procter & Gamble Co.		90,151		12,890,691		0.3	%
	Walgreens Boots Alliance, Inc.		225,398		10,598,214		0.2	%
	Walmart, Inc.		84,456		12,619,416		0.3	%
	Other Securities				180,428,118		3.3	%
TOTAL CONSUMER STAPLES.					244,946,741		4.7	%
ENERGY — (5.9%)
	Chevron Corp.		120,596		13,807,036		0.3	%
	ConocoPhillips		199,230		14,840,643		0.3	%
	Devon Energy Corp.		333,906		13,382,952		0.3	%
	EOG Resources, Inc.		138,765		12,830,212		0.3	%
	Exxon Mobil Corp.		246,853		15,914,613		0.3	%
	Pioneer Natural Resources Co.		89,114		16,662,536		0.3	%
	Other Securities				228,168,125		4.3	%
TOTAL ENERGY.					315,606,117		6.1	%
FINANCIALS — (22.1%)
	Allstate Corp.		129,570		16,023,922		0.3	%
	Bank of America Corp.		491,054		23,462,560		0.5	%
*	Berkshire Hathaway, Inc., Class B		110,049		31,585,163		0.6	%
	Hartford Financial Services Group, Inc.		169,500		12,361,635		0.2	%
	JPMorgan Chase & Co.		273,311		46,432,806		0.9	%
	Morgan Stanley		152,000		15,622,560		0.3	%
	Northern Trust Corp.		85,297		10,494,943		0.2	%
	Travelers Cos., Inc.		80,043		12,877,318		0.3	%
	Wells Fargo & Co.		236,230		12,085,527		0.2	%
	Western Alliance Bancorp		99,645		11,567,788		0.2	%
	Other Securities				985,144,630		19.0	%
TOTAL FINANCIALS					1,177,658,852		22.7	%

45

U.S. VECTOR EQUITY PORTFOLIO

CONTINUED

		Shares		Value†			Percentage of Net Assets‡
HEALTH CARE — (10.1%)
	CVS Health Corp.		118,113	$	10,545,129			0.2	%
	Danaher Corp.		32,906		10,259,104			0.2	%
	Johnson & Johnson		103,374		16,837,557			0.3	%
*	Laboratory Corp. of America Holdings		44,897		12,886,337			0.3	%
	Pfizer, Inc.		341,124		14,920,764			0.3	%
	Thermo Fisher Scientific, Inc.		17,196		10,886,272			0.2	%
	UnitedHealth Group, Inc.		56,229		25,891,768			0.5	%
	Other Securities				437,322,280			8.4	%
TOTAL HEALTH CARE					539,549,211			10.4	%
INDUSTRIALS — (17.1%)
	AMERCO		16,957		12,497,139			0.2	%
*	Builders FirstSource, Inc.		198,153		11,546,375			0.2	%
	PACCAR, Inc.		120,890		10,834,162			0.2	%
	Raytheon Technologies Corp.		115,471		10,260,753			0.2	%
	Regal Beloit Corp.		72,377		11,025,188			0.2	%
	Other Securities				851,171,787			16.5	%
TOTAL INDUSTRIALS					907,335,404			17.5	%
INFORMATION TECHNOLOGY — (11.3%)
	Cisco Systems, Inc.		233,276		13,056,458			0.3	%
	Intel Corp.		498,460		24,424,540			0.5	%
	Other Securities				560,806,499			10.7	%
TOTAL INFORMATION TECHNOLOGY					598,287,497			11.5	%
MATERIALS — (6.1%)
	Nucor Corp.		120,380		13,440,427			0.3	%
	Reliance Steel & Aluminum Co.		69,203		10,114,711	��		0.2	%
	Steel Dynamics, Inc.		198,011		13,084,567			0.3	%
	Other Securities				287,591,233			5.5	%
TOTAL MATERIALS					324,230,938			6.3	%
REAL ESTATE — (0.6%)
	Other Securities				33,705,490			0.7	%
UTILITIES — (1.1%)
	Other Securities				55,618,923			1.1	%
TOTAL COMMON STOCKS					5,142,708,327			99.2	%
PREFERRED STOCKS — (0.0%)
COMMUNICATION SERVICES — (0.0%)
	Other Security				425,432			0.0	%
CONSUMER DISCRETIONARY — (0.0%)
	Other Security				541,533			0.0	%

46

U.S. VECTOR EQUITY PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
INDUSTRIALS — (0.0%)
	Other Security			$	927,179		0.1	%
TOTAL PREFERRED STOCKS.					1,894,144		0.1	%
TOTAL INVESTMENT SECURITIES (Cost $2,406,526,960)					5,144,602,471
TEMPORARY CASH INVESTMENTS — (0.8%)
	State Street Institutional U.S. Government Money Market Fund, 0.025%		39,328,337		39,328,337		0.7	%
SECURITIES LENDING COLLATERAL — (2.5%)
@§	The DFA Short Term Investment Fund		11,581,360		133,996,337		2.6	%
TOTAL INVESTMENTS—(100.0%) (Cost $2,579,834,866)				$	5,317,927,145		102.6	%

As of October 31, 2021, U.S. Vector Equity 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		156		12/17/21	$	35,003,658	$	35,856,600	$	852,942
Total Futures Contracts					$	35,003,658	$	35,856,600	$	852,942

Summary of the Portfolio’s investments as of October 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	$	322,203,490	$	41,394	$	7,158	$	322,252,042
Consumer Discretionary		623,478,608		36,225		2,279		623,517,112
Consumer Staples		244,882,565		64,176		—		244,946,741
Energy		315,606,117		—		—		315,606,117
Financials		1,177,586,892		71,960		—		1,177,658,852
Health Care		538,163,921		14,266		1,371,024		539,549,211
Industrials		906,986,659		348,745		—		907,335,404
Information Technology		598,287,497		—		—		598,287,497
Materials		324,230,938		—		—		324,230,938
Real Estate		33,705,490		—		—		33,705,490
Utilities		55,618,923		—		—		55,618,923
Preferred Stocks
Communication Services		425,432		—		—		425,432
Consumer Discretionary		541,533		—		—		541,533
Industrials		927,179		—		—		927,179
Temporary Cash Investments		39,328,337		—		—		39,328,337

47

U.S. VECTOR EQUITY PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Securities Lending Collateral		—	$	133,996,337		—	$	133,996,337
Futures Contracts**	$	852,942		—		—		852,942
TOTAL	$	5,182,826,523	$	134,573,103	$	1,380,461^	$	5,318,780,087

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

48

U.S. SMALL CAP PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value†		Percentage of Net Assets‡
BONDS — (0.0%)
FINANCIALS — (0.0%)
	Other Security			$	13,962		0.0	%
TOTAL BONDS					13,962		0.0	%
COMMON STOCKS — (95.0%)
COMMUNICATION SERVICES — (2.5%)
#	Nexstar Media Group, Inc., Class A		310,883		46,610,688		0.3	%
	Other Securities				382,257,580		2.3	%
TOTAL COMMUNICATION SERVICES.					428,868,268		2.6	%
CONSUMER DISCRETIONARY — (13.5%)
*	Crocs, Inc.		604,686		97,626,555		0.6	%
#	Dick’s Sporting Goods, Inc.		326,192		40,516,308		0.2	%
*	Fox Factory Holding Corp.		302,333		48,660,496		0.3	%
#*	Helen of Troy Ltd.		200,524		45,107,874		0.3	%
	Penske Automotive Group, Inc.		504,093		53,459,063		0.3	%
*	TopBuild Corp.		211,705		54,401,834		0.3	%
	Wingstop, Inc.		247,605		42,704,434		0.3	%
	Other Securities				1,974,596,190		11.8	%
TOTAL CONSUMER DISCRETIONARY					2,357,072,754		14.1	%
CONSUMER STAPLES — (3.7%)
*	Darling Ingredients, Inc.		810,631		68,514,532		0.4	%
	Other Securities				567,681,247		3.4	%
TOTAL CONSUMER STAPLES					636,195,779		3.8	%
ENERGY — (3.4%)
#*	Range Resources Corp.		2,056,952		47,968,121		0.3	%
	Other Securities				549,391,537		3.3	%
TOTAL ENERGY					597,359,658		3.6	%
FINANCIALS — (19.4%)
	Evercore, Inc., Class A		311,153		47,245,472		0.3	%
	Glacier Bancorp, Inc.		835,726		46,207,291		0.3	%
	UMB Financial Corp.		402,166		39,742,044		0.2	%
	Other Securities				3,246,959,576		19.4	%
TOTAL FINANCIALS					3,380,154,383		20.2	%
HEALTH CARE — (11.5%)
*	Acadia Healthcare Co., Inc.		785,278		48,687,236		0.3	%
*	AMN Healthcare Services, Inc.		438,406		43,270,672		0.3	%
*	Intellia Therapeutics, Inc.		413,739		55,019,012		0.3	%
*	Medpace Holdings, Inc.		239,411		54,238,562		0.3	%
#*	Omnicell, Inc.		379,052		67,528,114		0.4	%
	Select Medical Holdings Corp.		1,278,142		42,459,877		0.3	%
*	Tenet Healthcare Corp.		957,236		68,595,532		0.4	%
	Other Securities				1,623,861,044		9.7	%
TOTAL HEALTH CARE					2,003,660,049		12.0	%

49

U.S. SMALL CAP PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
INDUSTRIALS — (19.6%)
	Armstrong World Industries, Inc.		396,005	$	41,837,928		0.3	%
*	ASGN, Inc.		440,303		52,686,657		0.3	%
#*	Avis Budget Group, Inc.		412,990		71,575,297		0.4	%
#*	Chart Industries, Inc.		309,632		54,965,873		0.3	%
*	Clean Harbors, Inc.		380,304		42,799,412		0.3	%
	Exponent, Inc.		454,397		52,164,776		0.3	%
*	FTI Consulting, Inc.		283,299		40,772,392		0.3	%
	MSA Safety, Inc.		266,139		40,727,251		0.3	%
#*	RBC Bearings, Inc.		205,928		48,172,737		0.3	%
	Regal Beloit Corp.		420,070		63,989,263		0.4	%
*	Saia, Inc.		227,823		71,226,583		0.4	%
	Simpson Manufacturing Co., Inc.		377,883		40,089,607		0.2	%
	Tetra Tech, Inc.		308,862		54,254,699		0.3	%
*	TriNet Group, Inc.		393,921		39,884,501		0.2	%
	UFP Industries, Inc.		512,208		41,913,981		0.3	%
	Valmont Industries, Inc.		174,784		41,766,385		0.3	%
	Watts Water Technologies, Inc., Class A		222,969		42,368,569		0.3	%
*	WESCO International, Inc.		492,996		63,872,562		0.4	%
	Other Securities				2,519,869,928		14.8	%
TOTAL INDUSTRIALS					3,424,938,401		20.4	%
INFORMATION TECHNOLOGY — (12.5%)
	Amkor Technology, Inc.		2,137,705		46,858,494		0.3	%
	Brooks Automation, Inc.		432,511		50,365,906		0.3	%
*	Diodes, Inc.		413,440		39,727,450		0.2	%
*	Lattice Semiconductor Corp.		871,528		60,518,904		0.4	%
*	Novanta, Inc.		297,644		51,361,449		0.3	%
	Power Integrations, Inc.		507,029		52,330,463		0.3	%
*	Semtech Corp.		513,643		43,675,064		0.3	%
*	Synaptics, Inc.		290,370		56,497,291		0.3	%
	Other Securities				1,782,328,068		10.6	%
TOTAL INFORMATION TECHNOLOGY					2,183,663,089		13.0	%
MATERIALS — (5.8%)
	Element Solutions, Inc.		1,855,729		42,143,606		0.3	%
	Louisiana-Pacific Corp.		883,385		52,057,878		0.3	%
	Olin Corp.		1,031,119		58,753,161		0.4	%
	Other Securities				850,337,892		5.0	%
TOTAL MATERIALS					1,003,292,537		6.0	%
REAL ESTATE — (0.5%)
	Other Securities				85,509,801		0.5	%
UTILITIES — (2.6%)
	Other Securities				456,738,242		2.7	%
TOTAL COMMON STOCKS					16,557,452,961		98.9	%
PREFERRED STOCKS — (0.0%)
COMMUNICATION SERVICES — (0.0%)
	Other Security				1,453,114		0.0	%

50

U.S. SMALL CAP PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
CONSUMER DISCRETIONARY — (0.0%)
	Other Security			$	1,324,353		0.0	%
INDUSTRIALS — (0.0%)
	Other Security				6,333,443		0.0	%
TOTAL PREFERRED STOCKS					9,110,910		0.0	%
RIGHTS/WARRANTS — (0.0%)
INFORMATION TECHNOLOGY — (0.0%)
	Other Security				341		0.0	%
TOTAL RIGHTS/WARRANTS					341		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $8,282,786,309)					16,566,578,174
TEMPORARY CASH INVESTMENTS — (0.8%)
	State Street Institutional U.S. Government Money Market Fund, 0.025%		139,951,297		139,951,297		0.8	%
SECURITIES LENDING COLLATERAL — (4.2%)
@§	The DFA Short Term Investment Fund		63,048,434		729,470,381		4.4	%
TOTAL INVESTMENTS—(100.0%) (Cost $9,152,146,910)				$	17,435,999,852		104.1	%

As of October 31, 2021, U.S. Small Cap 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		750		12/17/21	$	166,698,473	$	172,387,500	$	5,689,027
Total Futures Contracts					$	166,698,473	$	172,387,500	$	5,689,027

Summary of the Portfolio’s investments as of October 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		—	$	13,962		—	$	13,962
Common Stocks
Communication Services	$	428,739,652		83,899	$	44,717		428,868,268
Consumer Discretionary		2,357,040,513		—		32,241		2,357,072,754
Consumer Staples		636,020,007		175,772		—		636,195,779
Energy		597,359,658		—		—		597,359,658
Financials		3,379,934,315		220,068		—		3,380,154,383
Health Care		1,996,805,425		113,413		6,741,211		2,003,660,049
Industrials		3,424,938,401		—		—		3,424,938,401
Information Technology		2,183,650,371		12,718		—		2,183,663,089
Materials		1,003,292,537		—		—		1,003,292,537

51

U.S. SMALL CAP PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Real Estate	$	85,502,821	$	6,980		—	$	85,509,801
Utilities		456,738,242		—		—		456,738,242
Preferred Stocks
Communication Services		1,453,114		—		—		1,453,114
Consumer Discretionary		1,324,353		—		—		1,324,353
Industrials		6,333,443		—		—		6,333,443
Rights/Warrants
Information Technology		—		341		—		341
Temporary Cash Investments		139,951,297		—		—		139,951,297
Securities Lending Collateral		—		729,470,381		—		729,470,381
Futures Contracts**		5,689,027		—		—		5,689,027
TOTAL	$	16,704,773,176	$	730,097,534	$	6,818,169^	$	17,441,688,879

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

52

U.S. MICRO CAP PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value†		Percentage of Net Assets‡
BONDS — (0.0%)
FINANCIALS — (0.0%)
	Other Security			$	36,900		0.0	%
TOTAL BONDS					36,900		0.0	%
COMMON STOCKS — (93.4%)
COMMUNICATION SERVICES — (2.7%)
#*	TechTarget, Inc.		203,907		19,230,469		0.3	%
	Other Securities				194,916,016		2.6	%
TOTAL COMMUNICATION SERVICES					214,146,485		2.9	%
CONSUMER DISCRETIONARY — (11.7%)
*	Boot Barn Holdings, Inc.		216,916		22,665,553		0.3	%
	Group 1 Automotive, Inc.		130,500		23,463,900		0.3	%
	Signet Jewelers Ltd.		388,140		34,614,325		0.5	%
#*	Sleep Number Corp.		232,280		20,519,615		0.3	%
*	Vista Outdoor, Inc.		565,899		23,677,214		0.3	%
	Other Securities				790,031,497		10.6	%
TOTAL CONSUMER DISCRETIONARY					914,972,104		12.3	%
CONSUMER STAPLES — (3.9%)
#	Coca-Cola Consolidated, Inc.		53,501		21,475,301		0.3	%
	Inter Parfums, Inc.		239,734		22,146,627		0.3	%
	Other Securities				258,229,245		3.4	%
TOTAL CONSUMER STAPLES					301,851,173		4.0	%
ENERGY — (5.8%)
*	CNX Resources Corp.		1,518,176		22,180,551		0.3	%
	Matador Resources Co.		738,902		30,923,049		0.4	%
	PDC Energy, Inc.		535,831		28,029,320		0.4	%
*	Range Resources Corp.		1,547,124		36,078,932		0.5	%
	SM Energy Co.		667,265		22,900,535		0.3	%
	Other Securities				313,324,571		4.2	%
TOTAL ENERGY.					453,436,958		6.1	%
FINANCIALS — (22.0%)
	First BanCorp		1,576,127		21,514,134		0.3	%
*	LendingClub Corp.		482,672		22,183,605		0.3	%
#	Pacific Premier Bancorp, Inc.		512,630		21,525,334		0.3	%
	Piper Sandler Cos		134,207		22,102,551		0.3	%
*	Triumph Bancorp, Inc.		200,880		23,563,224		0.3	%
#	Virtus Investment Partners, Inc.		64,475		20,632,000		0.3	%
	Walker & Dunlop, Inc.		244,175		31,759,842		0.4	%
	WSFS Financial Corp.		364,709		18,895,573		0.3	%
	Other Securities				1,540,213,631		20.6	%
TOTAL FINANCIALS					1,722,389,894		23.1	%
HEALTH CARE — (10.2%)
*	CorVel Corp.		185,259		33,943,154		0.5	%
*	ModivCare, Inc.		115,462		18,793,750		0.3	%

53

U.S. MICRO CAP PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
	Owens & Minor, Inc.		532,916	$	19,121,026		0.3	%
	Other Securities				723,942,296		9.6	%
TOTAL HEALTH CARE					795,800,226		10.7	%
INDUSTRIALS — (17.6%)
*	Atkore, Inc.		236,178		22,325,906		0.3	%
*	Casella Waste Systems, Inc., Class A		343,191		29,761,524		0.4	%
	Comfort Systems USA, Inc.		272,598		24,934,539		0.3	%
	Encore Wire Corp.		157,161		21,069,004		0.3	%
	Federal Signal Corp.		439,096		18,797,700		0.3	%
	Forward Air Corp.		201,154		20,228,046		0.3	%
	Helios Technologies, Inc.		244,713		22,281,119		0.3	%
	Herc Holdings, Inc.		238,075		43,339,173		0.6	%
*	Hub Group, Inc., Class A		243,075		19,098,403		0.3	%
	Kadant, Inc.		88,459		19,648,513		0.3	%
	Matson, Inc.		289,207		24,085,159		0.3	%
	Other Securities				1,112,868,996		14.8	%
TOTAL INDUSTRIALS					1,378,438,082		18.5	%
INFORMATION TECHNOLOGY — (11.2%)
*	Ambarella, Inc.		164,870		30,637,792		0.4	%
#	Badger Meter, Inc.		203,591		20,817,180		0.3	%
*	Calix, Inc.		445,312		27,872,078		0.4	%
*	ExlService Holdings, Inc.		229,875		28,189,571		0.4	%
*	Fabrinet		249,146		23,918,016		0.3	%
*	FormFactor, Inc.		477,470		18,993,757		0.3	%
*	Insight Enterprises, Inc.		237,629		22,503,466		0.3	%
#	Kulicke & Soffa Industries, Inc.		431,017		24,567,969		0.3	%
*	MaxLinear, Inc.		312,597		19,693,611		0.3	%
#*	Perficient, Inc.		249,085		30,786,906		0.4	%
*	Plexus Corp.		215,393		18,808,117		0.3	%
	Other Securities				610,156,619		8.1	%
TOTAL INFORMATION TECHNOLOGY					876,945,082		11.8	%
MATERIALS — (5.5%)
	Stepan Co.		166,116		19,937,242		0.3	%
	Other Securities				409,671,045		5.4	%
TOTAL MATERIALS					429,608,287		5.7	%
REAL ESTATE — (0.9%)
	St. Joe Co.		439,233		20,652,736		0.3	%
	Other Securities				51,849,773		0.7	%
TOTAL REAL ESTATE					72,502,509		1.0	%
UTILITIES — (1.9%)
	California Water Service Group		337,112		20,523,379		0.3	%
	Other Securities				130,150,007		1.7	%
TOTAL UTILITIES					150,673,386		2.0	%
TOTAL COMMON STOCKS					7,310,764,186		98.1	%

54

U.S. MICRO CAP PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
PREFERRED STOCKS — (0.0%)
COMMUNICATION SERVICES — (0.0%)
	Other Security			$	536,817		0.0	%
ENERGY — (0.0%)
	Other Security				23,138		0.0	%
INDUSTRIALS — (0.0%)
	Other Security				1,749,294		0.0	%
TOTAL PREFERRED STOCKS.					2,309,249		0.0	%
RIGHTS/WARRANTS — (0.0%)
INFORMATION TECHNOLOGY — (0.0%)
	Other Security				508		0.0	%
TOTAL RIGHTS/WARRANTS					508		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $3,708,729,501)					7,313,110,843
TEMPORARY CASH INVESTMENTS — (1.2%)
	State Street Institutional U.S. Government Money Market Fund, 0.025%		96,239,760		96,239,760		1.3	%
SECURITIES LENDING COLLATERAL — (5.4%)
@§	The DFA Short Term Investment Fund		36,464,531		421,894,629		5.7	%
TOTAL INVESTMENTS—(100.0%) (Cost $4,226,830,875)				$	7,831,245,232		105.1	%

As of October 31, 2021, U.S. Micro Cap 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:
E-Mini Russell 2000 Futures		265		12/17/21	$	30,423,591	$	30,412,725	$	(10,866	)
S&P 500® Emini Index		460		12/17/21		103,861,239		105,731,000		1,869,761
Total Futures Contracts					$	134,284,830	$	136,143,725	$	1,858,895

Summary of the Portfolio’s investments as of October 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		—	$	36,900		—	$	36,900
Common Stocks
Communication Services	$	213,785,506		338,789	$	22,190		214,146,485
Consumer Discretionary		914,742,190		204,470		25,444		914,972,104
Consumer Staples.		301,279,455		571,718		—		301,851,173
Energy		453,436,958		—		—		453,436,958

55

U.S. MICRO CAP PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Financials	$	1,721,712,219	$	677,675		—	$	1,722,389,894
Health Care		792,826,053		43,157	$	2,931,016		795,800,226
Industrials		1,378,437,799		—		283		1,378,438,082
Information Technology		876,939,818		5,264		—		876,945,082
Materials		429,608,287		—		—		429,608,287
Real Estate		72,408,279		94,230		—		72,502,509
Utilities		150,673,386		—		—		150,673,386
Preferred Stocks
Communication Services		536,817		—		—		536,817
Energy		—		23,138		—		23,138
Industrials		1,749,294		—		—		1,749,294
Rights/Warrants
Information Technology		—		508		—		508
Temporary Cash Investments		96,239,760		—		—		96,239,760
Securities Lending Collateral		—		421,894,629		—		421,894,629
Futures Contracts**		1,858,895		—		—		1,858,895
TOTAL	$	7,406,234,716	$	423,890,478	$	2,978,933^	$	7,833,104,127

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

56

U.S. HIGH RELATIVE PROFITABILITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (99.3%)
COMMUNICATION SERVICES — (3.3%)
*	Charter Communications, Inc., Class A		59,976	$	40,477,203		0.7	%
	Verizon Communications, Inc.		2,503,435		132,657,021		2.3	%
	Other Securities				20,265,384		0.3	%
TOTAL COMMUNICATION SERVICES					193,399,608		3.3	%
CONSUMER DISCRETIONARY — (17.0%)
*	Amazon.com, Inc.		77,931		262,816,842		4.5	%
	Best Buy Co., Inc.		272,637		33,327,147		0.6	%
	eBay, Inc.		702,771		53,916,591		0.9	%
	Home Depot, Inc.		390,804		145,277,479		2.5	%
	Lowe’s Cos., Inc.		318,826		74,547,895		1.3	%
*	Marriott International, Inc., Class A		211,117		33,782,942		0.6	%
	NIKE, Inc., Class B		511,510		85,570,508		1.5	%
	Target Corp.		303,381		78,763,775		1.3	%
	Other Securities				220,107,350		3.7	%
TOTAL CONSUMER DISCRETIONARY					988,110,529		16.9	%
CONSUMER STAPLES — (11.5%)
	Altria Group, Inc.		940,393		41,480,735		0.7	%
	Coca-Cola Co.		2,178,510		122,802,609		2.1	%
	Costco Wholesale Corp.		235,203		115,611,683		2.0	%
	PepsiCo, Inc.		721,706		116,627,690		2.0	%
	Procter & Gamble Co.		569,500		81,432,805		1.4	%
	Sysco Corp.		440,209		33,852,072		0.6	%
	Other Securities				160,725,730		2.7	%
TOTAL CONSUMER STAPLES					672,533,324		11.5	%
ENERGY — (0.3%)
	Other Securities				16,105,089		0.3	%
FINANCIALS — (3.4%)
	Aon PLC, Class A		167,784		53,677,457		0.9	%
	S&P Global, Inc.		77,507		36,750,719		0.6	%
	Other Securities				105,577,936		1.9	%
TOTAL FINANCIALS					196,006,112		3.4	%
HEALTH CARE — (15.0%)
	AbbVie, Inc.		1,081,847		124,055,395		2.1	%
	Amgen, Inc.		324,244		67,108,781		1.1	%
	Eli Lilly & Co.		400,116		101,933,552		1.7	%
*	IDEXX Laboratories, Inc.		58,292		38,830,633		0.7	%
	Johnson & Johnson		1,162,274		189,311,189		3.2	%
	Merck & Co., Inc.		1,532,728		134,956,700		2.3	%
	Zoetis, Inc.		181,044		39,141,713		0.7	%
	Other Securities				179,738,210		3.2	%
TOTAL HEALTH CARE					875,076,173		15.0	%
INDUSTRIALS — (12.5%)
	3M Co		332,301		59,375,543		1.0	%
	Caterpillar, Inc.		295,017		60,186,418		1.0	%

57

U.S. HIGH RELATIVE PROFITABILITY PORTFOLIO

CONTINUED

		Shares		Value†			Percentage of Net Assets‡
INDUSTRIALS — (Continued)
	Deere & Co.		169,441	$	58,001,349			1.0	%
	Illinois Tool Works, Inc.		135,400		30,853,598			0.5	%
	Lockheed Martin Corp.		99,755		33,150,582			0.6	%
	Union Pacific Corp.		408,543		98,622,280			1.7	%
	United Parcel Service, Inc., Class B		305,366		65,186,480	��		1.1	%
	Other Securities				321,546,950			5.6	%
TOTAL INDUSTRIALS					726,923,200			12.5	%
INFORMATION TECHNOLOGY — (34.5%)
	Accenture PLC, Class A		344,307		123,533,909			2.1	%
	Apple, Inc.		1,825,774		273,500,945			4.7	%
	Applied Materials, Inc.		440,327		60,170,685			1.0	%
	Automatic Data Processing, Inc.		232,781		52,257,007			0.9	%
	Broadcom, Inc.		218,854		116,358,106			2.0	%
	Intel Corp.		2,139,206		104,821,094			1.8	%
	International Business Machines Corp.		516,074		64,560,857			1.1	%
	KLA Corp.		140,050		52,205,038			0.9	%
	Lam Research Corp.		72,492		40,854,316			0.7	%
	Mastercard, Inc., Class A		370,415		124,281,641			2.1	%
	Microsoft Corp.		908,010		301,114,276			5.2	%
	Oracle Corp.		1,054,524		101,171,033			1.7	%
	Paychex, Inc.		364,844		44,977,968			0.8	%
	QUALCOMM, Inc.		511,799		68,089,739			1.2	%
	Texas Instruments, Inc.		456,136		85,516,377			1.5	%
#	Visa, Inc., Class A		643,898		136,358,279			2.3	%
	Other Securities				258,295,399			4.4	%
TOTAL INFORMATION TECHNOLOGY					2,008,066,669			34.4	%
MATERIALS — (1.7%)
	Sherwin-Williams Co.		103,032		32,620,962			0.6	%
	Other Securities				64,283,162			1.1	%
TOTAL MATERIALS					96,904,124			1.7	%
UTILITIES — (0.1%)
	Other Security				6,598,444			0.1	%
TOTAL COMMON STOCKS (Cost $4,178,648,003)					5,779,723,272			99.1	%
TEMPORARY CASH INVESTMENTS — (0.7%)
	State Street Institutional U.S. Government Money
	Market Fund, 0.025%		42,574,164		42,574,164			0.7	%
SECURITIES LENDING COLLATERAL — (0.0%)
@§	The DFA Short Term Investment Fund		1		12			0.0	%
TOTAL INVESTMENTS—(100.0%) (Cost $4,221,222,179)				$	5,822,297,448			99.8	%

58

U.S. HIGH RELATIVE PROFITABILITY PORTFOLIO

CONTINUED

As of October 31, 2021, U.S. High Relative Profitability 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		176		12/17/21	$	39,512,071	$	40,453,600	$	941,529
Total Futures Contracts					$	39,512,071	$	40,453,600	$	941,529

Summary of the Portfolio’s investments as of October 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	$	193,399,608		—		—	$	193,399,608
Consumer Discretionary		988,110,529		—		—		988,110,529
Consumer Staples		672,533,324		—		—		672,533,324
Energy		16,105,089		—		—		16,105,089
Financials		196,006,112		—		—		196,006,112
Health Care		875,076,173		—		—		875,076,173
Industrials		726,923,200		—		—		726,923,200
Information Technology		2,008,066,669		—		—		2,008,066,669
Materials		96,904,124		—		—		96,904,124
Utilities		6,598,444		—		—		6,598,444
Temporary Cash Investments		42,574,164		—		—		42,574,164
Securities Lending Collateral		—	$	12		—		12
Futures Contracts**		941,529		—		—		941,529
TOTAL	$	5,823,238,965	$	12		—	$	5,823,238,977

** Valued at the unrealized appreciation/(depreciation) on the investment.

See accompanying Notes to Financial Statements.

59

DFA REAL ESTATE SECURITIES PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (97.5%)
REAL ESTATE — (97.5%)
	Alexandria Real Estate Equities, Inc.		1,108,684	$	226,326,752		2.0	%
	American Campus Communities, Inc.		1,093,462		58,740,779		0.5	%
#	American Homes 4 Rent, Class A		2,254,586		91,536,192		0.8	%
	American Tower Corp.		3,453,579		973,805,671		8.7	%
	Apartment Income REIT Corp.		1,187,700		63,672,597		0.6	%
	AvalonBay Communities, Inc.		1,071,990		253,718,593		2.3	%
	Boston Properties, Inc.		1,141,171		129,682,672		1.2	%
	Camden Property Trust		769,071		125,435,480		1.1	%
	Crown Castle International Corp.		3,283,222		591,964,927		5.3	%
	CubeSmart		1,566,930		86,196,819		0.8	%
	CyrusOne, Inc.		955,796		78,394,388		0.7	%
	Digital Realty Trust, Inc.		2,193,393		346,139,349		3.1	%
	Duke Realty Corp.		2,901,130		163,159,551		1.5	%
	EastGroup Properties, Inc.		315,650		62,429,257		0.6	%
	Equinix, Inc.		608,235		509,135,271		4.5	%
	Equity LifeStyle Properties, Inc.		1,344,562		113,628,935		1.0	%
	Equity Residential		2,724,927		235,433,693		2.1	%
	Essex Property Trust, Inc.		499,942		169,945,284		1.5	%
	Extra Space Storage, Inc.		1,028,050		202,906,228		1.8	%
	Federal Realty Investment Trust		543,421		65,400,717		0.6	%
	First Industrial Realty Trust, Inc.		1,007,243		58,651,760		0.5	%
	Gaming & Leisure Properties, Inc.		1,730,779		83,925,474		0.8	%
	Healthcare Trust of America, Inc., Class A		1,712,698		57,186,986		0.5	%
	Healthpeak Properties, Inc.		4,150,041		147,367,956		1.3	%
*	Host Hotels & Resorts, Inc.		5,535,321		93,159,452		0.8	%
	Invitation Homes, Inc.		4,501,909		185,703,746		1.7	%
#	Iron Mountain, Inc.		2,239,435		102,207,813		0.9	%
	Kilroy Realty Corp.		824,527		55,556,629		0.5	%
	Kimco Realty Corp.		4,518,312		102,113,851		0.9	%
	Lamar Advertising Co., Class A		676,219		76,547,991		0.7	%
	Life Storage, Inc.		621,197		83,122,371		0.7	%
	Medical Properties Trust, Inc.		4,588,011		97,862,275		0.9	%
	Mid-America Apartment Communities, Inc.		886,181		180,967,022		1.6	%
	National Retail Properties, Inc.		1,368,562		62,077,972		0.6	%
	Prologis, Inc.		5,611,647		813,464,349		7.3	%
	Public Storage		1,209,812		401,875,350		3.6	%
#	Realty Income Corp.		2,982,256		213,022,546		1.9	%
	Regency Centers Corp.		1,187,510		83,612,579		0.7	%
	Rexford Industrial Realty, Inc.		1,137,905		76,467,216		0.7	%
	SBA Communications Corp.		837,114		289,080,578		2.6	%
	Simon Property Group, Inc.		2,520,983		369,525,688		3.3	%
	STORE Capital Corp.		1,915,714		65,766,462		0.6	%
	Sun Communities, Inc.		890,472		174,514,703		1.6	%
	UDR, Inc.		2,291,144		127,227,226		1.1	%
	Ventas, Inc.		3,023,982		161,389,919		1.4	%
	VEREIT, Inc.		1,773,669		89,215,551		0.8	%
#	VICI Properties, Inc.		3,664,748		107,560,354		1.0	%
	Welltower, Inc.		3,228,187		259,546,235		2.3	%
#	WP Carey, Inc.		1,413,878		109,024,133		1.0	%
	Other Securities				1,830,624,613		16.0	%
TOTAL COMMON STOCKS					11,106,021,955		99.0	%

60

DFA REAL ESTATE SECURITIES PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
PREFERRED STOCKS — (0.0%)
REAL ESTATE — (0.0%)
	Other Security			$	398,149		0.0	%
TOTAL PREFERRED STOCKS					398,149		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $5,907,017,758)					11,106,420,104
TEMPORARY CASH INVESTMENTS — (0.9%)
	State Street Institutional U.S. Government Money Market Fund, 0.025%		103,237,741		103,237,741		0.9	%
SECURITIES LENDING COLLATERAL — (1.6%)
@§	The DFA Short Term Investment Fund		16,092,450		186,189,641		1.7	%
TOTAL INVESTMENTS—(100.0%) (Cost $6,196,419,583)				$	11,395,847,486		101.6	%

As of October 31, 2021, DFA Real Estate Securities 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		440		12/17/21	$	98,735,284	$	101,134,000	$	2,398,716
Total Futures Contracts.					$	98,735,284	$	101,134,000	$	2,398,716

Summary of the Portfolio’s investments as of October 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
Real Estate	$	11,105,905,939	$	116,016		—	$	11,106,021,955
Preferred Stocks
Real Estate		398,149		—		—		398,149
Temporary Cash Investments		103,237,741		—		—		103,237,741
Securities Lending Collateral		—		186,189,641		—		186,189,641
Futures Contracts**		2,398,716		—		—		2,398,716
TOTAL	$	11,211,940,545	$	186,305,657		—	$	11,398,246,202

** Valued at the unrealized appreciation/(depreciation) on the investment.

See accompanying Notes to Financial Statements.

61

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands, except share and per share amounts)

	Enhanced U.S. Large Company Portfolio*			U.S. Large Cap Equity Portfolio*			U.S. Large Cap Value Portfolio			U.S. Targeted Value Portfolio*
ASSETS:
Investments in Affiliated Investment Companies at Value			—			—		$	25,309,881			—
Investment Securities at Value (including $3,577, $38,647, $0 and $725,965 of securities on loan, respectively)		$	413,533		$	2,193,884			—		$	12,616,356
Temporary Cash Investments at Value & Cost			—			4,875			—			109,625
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $3,664, $10,655, $0 and $538,700, respectively)			3,664			10,657			—			538,730
Segregated Cash for Futures Contracts			—			—			—			5,394
Foreign Currencies at Value			2			—			—			—
Cash			13,023			—			—			—
Receivables:
Investment Securities Sold			—			927			—			9,933
Dividends and Interest			2,592			1,727			—			4,873
Securities Lending Income			—			8			—			60
Fund Shares Sold			73			1,628			13,943			9,795
Futures Margin Variation			884			—			—			223
Unrealized Gain on Forward Currency Contracts			40			—			—			—
Prepaid Expenses and Other Assets			12			15			106			87
Total Assets.			433,823			2,213,721			25,323,930			13,295,076
LIABILITIES:
Payables:
Upon Return of Securities Loaned			3,664			10,666			—			538,941
Investment Securities Purchased			—			991			—			8,466
Fund Shares Redeemed			464			766			10,762			7,298
Due to Advisor			42			182			1,917			3,224
Unrealized Loss on Forward Currency Contracts			2,671			—			—			—
Accrued Expenses and Other Liabilities			115			302			1,548			1,809
Total Liabilities			6,956			12,907			14,227			559,738
NET ASSETS.		$	426,867		$	2,200,814		$	25,309,703		$	12,735,338
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Class R1 Shares — based on net assets of $0; $0; $0 and $70,291 and shares outstanding of 0, 0, 0 and 2,224,451, respectively			N/A			N/A			N/A		$	31.60
NUMBER OF SHARES AUTHORIZED			N/A			N/A			N/A			200,000,000
Class R2 Shares — based on net assets of $0; $0; $0 and $73,279 and shares outstanding of 0, 0, 0 and 2,330,955, respectively			N/A			N/A			N/A		$	31.44
NUMBER OF SHARES AUTHORIZED			N/A			N/A			N/A			200,000,000
Institutional Class Shares — based on net assets of $426,867; $2,200,814; $25,309,703 and $12,591,768 and shares outstanding of 23,038,890, 78,303,050, 551,269,404 and 398,377,031, respectively		$	18.53		$	28.11		$	45.91		$	31.61
NUMBER OF SHARES AUTHORIZED			1,000,000,000			1,000,000,000			4,000,000,000			1,500,000,000
Investment Securities at Cost		$	415,606		$	1,072,934			N/A		$	8,041,396
Foreign Currencies at Cost		$	2		$	—		$	—		$	—
NET ASSETS CONSIST OF:
Paid-In Capital		$	296,103		$	1,016,979		$	13,901,560		$	7,348,384
Total Distributable Earnings (Loss)			130,764			1,183,835			11,408,143			5,386,954
NET ASSETS		$	426,867		$	2,200,814		$	25,309,703		$	12,735,338

* See Note K in the Notes to Financial Statements for additional information about securities lending collateral.

See accompanying Notes to Financial Statements.

62

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands, except share and per share amounts)

	U.S. Small Cap Value Portfolio*		U.S. Core Equity 1 Portfolio*		U.S. Core Equity 2 Portfolio*		U.S. Vector Equity Portfolio*
ASSETS:
Investment Securities at Value (including $677,868,
$950,640, $1,191,616 and $252,782 of securities on loan, respectively)	$	15,059,741	$	33,072,701	$	34,859,086	$	5,144,602
Temporary Cash Investments at Value & Cost		89,706		286,440		283,630		39,328
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $408,349, $402,012, $540,657 and $133,980, respectively)		408,417		402,032		540,697		133,996
Segregated Cash for Futures Contracts		4,117		14,410		14,329		1,794
Receivables:
Investment Securities Sold		19,358		14,832		178		170
Dividends and Interest		6,979		24,943		24,066		3,155
Securities Lending Income		76		129		171		31
Fund Shares Sold		6,203		9,207		9,788		1,993
Futures Margin Variation		1,221		595		1,534		74
Prepaid Expenses and Other Assets		86		143		184		49
Total Assets		15,595,904		33,825,432		35,733,663		5,325,192
LIABILITIES:
Payables:
Upon Return of Securities Loaned		408,339		402,328		540,968		134,041
Investment Securities Purchased		3,109		13,691		9,289		4,709
Fund Shares Redeemed		32,081		17,384		25,791		1,873
Due to Advisor		4,658		3,321		4,670		1,087
Accrued Expenses and Other Liabilities		2,370		3,667		4,048		707
Total Liabilities		450,557		440,391		584,766		142,417
NET ASSETS	$	15,145,347	$	33,385,041	$	35,148,897	$	5,182,775
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $15,145,347; $33,385,041; $35,148,897 and $5,182,775 and shares outstanding of 326,879,278, 921,003,240, 1,059,911,216 and 199,183,385,respectively	$	46.33	$	36.25	$	33.16	$	26.02
NUMBER OF SHARES AUTHORIZED		3,400,000,000		3,000,000,000		4,600,000,000		2,000,000,000
Investment Securities at Cost	$	9,275,018	$	13,429,211	$	14,506,968	$	2,406,527
NET ASSETS CONSIST OF:
Paid-In Capital	$	8,088,258	$	12,863,156	$	13,509,190	$	2,119,379
Total Distributable Earnings (Loss)		7,057,089		20,521,885		21,639,707		3,063,396
NET ASSETS	$	15,145,347	$	33,385,041	$	35,148,897	$	5,182,775

* See Note K in the Notes to Financial Statements for additional information about securities lending collateral.

See accompanying Notes to Financial Statements.

63

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands, except share and per share amounts)

	U.S. Small Cap Portfolio*		U.S. Micro Cap Portfolio*		U.S. High Relative Profitability Portfolio*		DFA Real Estate Securities Portfolio*
ASSETS:
Investment Securities at Value (including $1,206,104,
$613,208, $136,958 and $326,039 of securities on loan, respectively)	$	16,566,578	$	7,313,111	$	5,779,723	$	11,106,420
Temporary Cash Investments at Value & Cost		139,951		96,240		42,574		103,238
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $729,409, $421,862, $0 and $186,164, respectively)		729,470		421,895		—		186,190
Segregated Cash for Futures Contracts		9,488		7,013		2,024		5,060
Cash		—		—		—		3,073
Receivables:
Investment Securities Sold		16,061		41,126		10,119		—
Dividends and Interest		4,118		2,078		6,348		3,111
Securities Lending Income		149		95		17		29
Fund Shares Sold		35,633		1,982		3,444		4,864
Futures Margin Variation		—		—		84		209
Prepaid Expenses and Other Assets		68		44		79		55
Total Assets		17,501,516		7,883,584		5,844,412		11,412,249
LIABILITIES:
Payables:
Upon Return of Securities Loaned		729,816		421,892		6		186,319
Investment Securities Purchased		5,965		101		3,517		1,981
Fund Shares Redeemed		10,177		2,578		3,652		6,103
Due to Advisor		4,209		2,566		962		1,334
Futures Margin Variation		1,491		1,515		—		—
Accrued Expenses and Other Liabilities		2,453		1,067		638		1,414
Total Liabilities		754,111		429,719		8,775		197,151
NET ASSETS	$	16,747,405	$	7,453,865	$	5,835,637	$	11,215,098
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $16,747,405; $7,453,865; $5,835,637 and $11,215,098 and shares outstanding of 345,295,892, 252,217,420, 299,149,473 and 229,348,294, respectively	$	48.50	$	29.55	$	19.51	$	48.90
NUMBER OF SHARES AUTHORIZED		2,000,000,000		3,000,000,000		500,000,000		1,700,000,000
Investment Securities at Cost	$	8,282,786	$	3,708,730	$	4,178,648	$	5,907,018
NET ASSETS CONSIST OF:
Paid-In Capital	$	7,626,342	$	3,177,542	$	4,118,252	$	5,906,858
Total Distributable Earnings (Loss)		9,121,063		4,276,323		1,717,385		5,308,240
NET ASSETS	$	16,747,405	$	7,453,865	$	5,835,637	$	11,215,098

* See Note K in the Notes to Financial Statements for additional information about securities lending collateral.

See accompanying Notes to Financial Statements.

64

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

	Enhanced U.S. Large Company Portfolio#			U.S. Large Cap Equity Portfolio#			U.S. Large Cap Value Portfolio*			U.S. Targeted Value Portfolio#
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies
Dividends (Net of Foreign Taxes Withheld of $0, $0, $0 and $0, respectively)		—			—		$	483,921			—
Income from Securities Lending		—			—			598			—
Expenses Allocated from Affiliated Investment Companies		—			—			(26,257	)		—
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		—			—			458,262			—
Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $0, $1, $0 and $237, respectively)		—		$	29,804			—		$	236,941
Interest	$	3,079			—			—			—
Income from Securities Lending		3			81			—			2,278
Total Fund Investment Income		3,082			29,885			—			239,219
Fund Expenses
Investment Management Fees		503			2,172			48,199			37,277
Accounting & Transfer Agent Fees		74			403			3,248			1,589
S&P 500® Fees		7			—			—			—
Custodian Fees		17			29			—			142
Shareholder Servicing Fees
Class R1 Shares		—			—			—			61
Class R2 Shares		—			—			—			172
Filing Fees		41			68			330			315
Shareholders’ Reports		21			59			395			361
Directors’/Trustees’ Fees & Expenses		4			23			252			130
Professional Fees		5			26			70			153
Previously Waived Fees Recovered by Advisor (Note C)		40			—			—			—
Other		10			50			121			289
Total Fund Expenses		722			2,830			52,615			40,489
Fees Waived, Expenses Reimbursed by Advisor (Note C)		94			—			23,870			—
Fees Paid Indirectly (Note C)		11			—			—			—
Net Expenses		617			2,830			28,745			40,489
Net Investment Income (Loss)		2,465			27,055			429,517			198,730
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		8,383			77,747			—			1,091,327
Affiliated Investment Companies Shares Sold		—			(3	)		—			(19	)
Transactions Allocated from Affiliated Investment Company**		—			—			1,197,847			—
Futures		121,329			—			—			31,099
Foreign Currency Transactions		(56	)		—			—			—
Forward Currency Contracts		(2,075	)		—			—			—
In-Kind Redemptions		—			11,793			—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(6,769	)		578,484			—			4,695,607
Affiliated Investment Companies Shares		—			(2	)		—			(24	)
Transactions Allocated from Affiliated Investment Company		—			—			7,131,104			—
Futures		29,567			—			—			5,644
Translation of Foreign Currency-Denominated Amounts		(4	)		—			—			—
Forward Currency Contracts		(3,235	)		—			—			—
Net Realized and Unrealized Gain (Loss)		147,140			668,019			8,328,951			5,823,634
Net Increase (Decrease) in Net Assets Resulting from Operations	$	149,605		$	695,074		$	8,758,468		$	6,022,364

** Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively.

* Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

65

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

	U.S. Small Cap Value Portfolio#			U.S. Core Equity 1 Portfolio#			U.S. Core Equity 2 Portfolio#			U.S. Vector Equity Portfolio#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $678, $60, $93 and $31, respectively)	$	340,163		$	456,051		$	475,357		$	76,349
Income from Securities Lending		3,526			1,839			2,475			609
Total Investment Income		343,689			457,890			477,832			76,958
Expenses
Investment Management Fees		57,459			38,636			52,582			12,436
Accounting & Transfer Agent Fees		2,508			5,971			5,920			979
Custodian Fees		152			300			317			60
Filing Fees		251			471			602			105
Shareholders’ Reports		371			333			340			106
Directors’/Trustees’ Fees & Expenses		156			334			351			52
Professional Fees		214			403			426			61
Other		315			684			718			104
Total Expenses		61,426			47,132			61,256			13,903
Net Expenses		61,426			47,132			61,256			13,903
Net Investment Income (Loss)		282,263			410,758			416,576			63,055
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		1,961,127			975,666			1,429,312			359,202
Affiliated Investment Companies Shares Sold		(6	)		6			5			(10	)
Futures		35,883			74,671			77,878			10,622
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		4,964,267			9,374,964			9,830,032			1,496,357
Affiliated Investment Companies Shares		(18	)		(42	)		(46	)		(6	)
Futures		6,558			12,449			10,410			1,490
Net Realized and Unrealized Gain (Loss)		6,967,811			10,437,714			11,347,591			1,867,655
Net Increase (Decrease) in Net Assets Resulting from Operations.	$	7,250,074		$	10,848,472		$	11,764,167		$	1,930,710

** Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively.

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

66

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

	U.S. Small Cap Portfolio#			U.S. Micro Cap Portfolio#			U.S. High Relative Profitability Portfolio#			DFA Real Estate Securities Portfolio#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $157, $79, $0 and $0, respectively)	$	238,972		$	92,232		$	85,621		$	227,927
Income from Securities Lending		3,327			2,130			178			953
Total Investment Income		242,299			94,362			85,799			228,880
Fund Expenses
Investment Management Fees		51,231			30,017			10,113			16,888
Accounting & Transfer Agent Fees		2,381			1,173			1,149			1,703
Custodian Fees		189			90			53			98
Filing Fees		281			121			309			154
Shareholders’ Reports		339			159			150			335
Directors’/Trustees’ Fees & Expenses		183			76			57			107
Professional Fees		221			92			64			131
Previously Waived Fees Recovered by Advisor (Note C)		—			—			—			21
Other		376			153			122			188
Total Fund Expenses		55,201			31,881			12,017			19,625
Fees Waived, Expenses Reimbursed by Advisor (Note C)		—			—			—			1,743
Net Expenses		55,201			31,881			12,017			17,882
Net Investment Income (Loss)		187,098			62,481			73,782			210,998
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		1,236,222			742,238			131,919			148,206
Affiliated Investment Companies Shares Sold		(15	)		(21	)		—			(14	)
Futures		29,482			16,057			10,476			21,701
In-Kind Redemptions		—			7,153			—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		5,738,332			2,315,847			1,189,688			3,314,181
Affiliated Investment Companies Shares		(46	)		(10	)		(1	)		(7	)
Futures		7,732			3,108			1,528			3,785
Net Realized and Unrealized Gain (Loss)		7,011,707			3,084,372			1,333,610			3,487,852
Net Increase (Decrease) in Net Assets Resulting from Operations	$	7,198,805		$	3,146,853		$	1,407,392		$	3,698,850

** Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively.

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

67

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	Enhanced U.S. Large Company Portfolio						U.S. Large Cap Equity Portfolio						U.S. Large Cap Value Portfolio***
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	2,465		$	3,570		$	27,055		$	28,514		$	429,517		$	517,935
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		8,383			(5,357	)		77,747			(7,109	)		—			—
Affiliated Investment Companies Shares Sold		—			—			(3	)		(3	)		—			—
Transactions Allocated from Affiliated Investment Company*,**		—			—			—			—			1,197,847			(475,431	)
Futures		121,329			62,220			—			728			—			—
Foreign Currency Transactions		(56	)		7			—			—			—			—
Forward Currency Contracts		(2,075	)		(458	)		—			—			—			—
In-Kind Redemptions		—			—			11,793			93,249			—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(6,769	)		4,838			578,484			71,706			—			—
Affiliated Investment Companies Shares		—			—			(2	)		1			—			—
Transactions Allocated from Affiliated Investment Company		—			—			—			—			7,131,104			(3,030,639	)
Futures		29,567			(29,969	)		—			—			—			—
Translation of Foreign Currency-Denominated Amounts		(4	)		3			—			—			—			—
Forward Currency Contracts		(3,235	)		3,144			—			—			—			—
Net Increase (Decrease) in Net Assets Resulting from Operations		149,605			37,998			695,074			187,086			8,758,468			(2,988,135	)
Distributions:
Institutional Class Shares		(30,328	)		(34,948	)		(27,774	)		(30,188	)		(401,298	)		(1,034,667	)
Capital Share Transactions (1):
Shares Issued		57,957			127,765			291,004			694,531			4,217,940			5,311,976
Shares Issued in Lieu of Cash Distributions		30,299			34,917			24,838			26,468			375,792			972,937
Shares Redeemed		(213,988	)		(119,160	)		(475,766	)		(795,988	)		(6,356,276	)		(9,203,611	)
Net Increase (Decrease) from Capital Share Transactions		(125,732	)		43,522			(159,924	)		(74,989	)		(1,762,544	)		(2,918,698	)
Total Increase (Decrease) in Net Assets		(6,455	)		46,572			507,376			81,909			6,594,626			(6,941,500	)
Net Assets
Beginning of Year		433,322			386,750			1,693,438			1,611,529			18,715,077			25,656,577
End of Year	$	426,867		$	433,322		$	2,200,814		$	1,693,438		$	25,309,703		$	18,715,077
(1) Shares Issued and Redeemed:
Shares Issued		3,614			9,759			11,836			38,705			99,361			169,503
Shares Issued in Lieu of Cash Distributions		2,042			2,584			994			1,435			8,865			28,269
Shares Redeemed		(13,433	)		(9,117	)		(19,169	)		(42,089	)		(152,905	)		(292,814	)
Net Increase (Decrease) from Shares Issued and Redeemed		(7,777	)		3,226			(6,339	)		(1,949	)		(44,679	)		(95,042	)

^*  Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0, $0 and $0, respectively.

^**  Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0, $0 and $0, respectively.

^*** Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

See accompanying Notes to Financial Statements.

68

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	U.S. Targeted Value Portfolio						U.S. Small Cap Value Portfolio						U.S. Core Equity 1 Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	198,730		$	154,249		$	282,263		$	181,490		$	410,758		$	428,436
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		1,091,327			(208,930	)		1,961,127			(549,806	)		975,666			(205,702	)
Affiliated Investment Companies Shares Sold		(19	)		(87	)		(6	)		96			6			(198	)
Futures		31,099			30,041			35,883			37,980			74,671			62,649
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		4,695,607			(1,239,691	)		4,964,267			(1,439,781	)		9,374,964			888,856
Affiliated Investment Companies Shares		(24	)		(49	)		(18	)		(46	)		(42	)		(77	)
Futures		5,644			(6,182	)		6,558			(3,779	)		12,449			(7,658	)
Net Increase (Decrease) in Net Assets Resulting from Operations		6,022,364			(1,270,649	)		7,250,074			(1,773,846	)		10,848,472			1,166,306
Distributions:
Class R1 Shares		(889	)		(1,803	)		—			—			—			—
Class R2 Shares		(922	)		(2,386	)		—			—			—			—
Institutional Class Shares		(186,950	)		(413,733	)		(282,350	)		(386,451	)		(396,374	)		(844,109	)
Total Distributions		(188,761	)		(417,922	)		(282,350	)		(386,451	)		(396,374	)		(844,109	)
Capital Share Transactions (1):
Shares Issued		2,413,093			2,950,839			2,353,153			3,909,907			3,731,277			5,109,364
Shares Issued in Lieu of Cash Distributions		181,306			397,269			257,340			350,431			385,732			826,332
Shares Redeemed		(4,489,318	)		(3,647,254	)		(4,913,927	)		(5,385,497	)		(5,612,000	)		(8,422,017	)
Net Increase (Decrease) from Capital Share Transactions		(1,894,919	)		(299,146	)		(2,303,434	)		(1,125,159	)		(1,494,991	)		(2,486,321	)
Total Increase (Decrease) in Net Assets		3,938,684			(1,987,717	)		4,664,290			(3,285,456	)		8,957,107			(2,164,124	)
Net Assets
Beginning of Year		8,796,654			10,784,371			10,481,057			13,766,513			24,427,934			26,592,058
End of Year	$	12,735,338		$	8,796,654		$	15,145,347		$	10,481,057		$	33,385,041		$	24,427,934
(1) Shares Issued and Redeemed:
Shares Issued		85,084			176,340			56,798			157,707			115,212			224,581
Shares Issued in Lieu of Cash Distributions		6,639			19,124			6,840			11,192			11,903			33,942
Shares Redeemed		(162,459	)		(205,273	)		(120,183	)		(205,274	)		(173,808	)		(366,844	)
Net Increase (Decrease) from Shares Issued and Redeemed		(70,736	)		(9,809	)		(56,545	)		(36,375	)		(46,693	)		(108,321	)

^*  Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0, $0 and $0, respectively.

^**  Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0, $0 and $0, respectively.

See accompanying Notes to Financial Statements.

69

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	U.S. Core Equity 2 Portfolio						U.S. Vector Equity Portfolio						U.S. Small Cap Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	416,576		$	431,749		$	63,055		$	62,792		$	187,098		$	168,823
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		1,429,312			(219,209	)		359,202			(33,632	)		1,236,222			(308,827	)
Affiliated Investment Companies Shares Sold		5			(245	)		(10	)		—			(15	)		(41	)
Futures		77,878			70,979			10,622			10,976			29,482			46,362
In-Kind Redemptions		—			—			—			—			—			(35,598	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		9,830,032			884,643			1,496,357			(329,953	)		5,738,332			(811,821	)
Affiliated Investment Companies Shares		(46	)		(60	)		(6	)		(10	)		(46	)		(100	)
Futures		10,410			(5,919	)		1,490			(835	)		7,732			(7,408	)
Net Increase (Decrease) in Net Assets Resulting from Operations		11,764,167			1,161,938			1,930,710			(290,662	)		7,198,805			(948,610	)
Distributions:
Institutional Class Shares		(403,127	)		(1,009,996	)		(59,880	)		(138,844	)		(191,245	)		(566,104	)
Capital Share Transactions (1):
Shares Issued		4,280,791			5,050,810			622,066			986,322			1,966,837			2,924,772
Shares Issued in Lieu of Cash Distributions		396,434			987,748			59,202			131,363			180,123			535,844
Shares Redeemed		(6,559,673	)		(8,349,350	)		(982,039	)		(1,659,075	)		(5,596,845	)		(6,148,667	)
Net Increase (Decrease) from Capital Share Transactions		(1,882,448	)		(2,310,792	)		(300,771	)		(541,390	)		(3,449,885	)		(2,688,051	)
Total Increase (Decrease) in Net Assets		9,478,592			(2,158,850	)		1,570,059			(970,896	)		3,557,675			(4,202,765	)
Net Assets
Beginning of Year		25,670,305			27,829,155			3,612,716			4,583,612			13,189,730			17,392,495
End of Year	$	35,148,897		$	25,670,305		$	5,182,775		$	3,612,716		$	16,747,405		$	13,189,730
(1) Shares Issued and Redeemed:
Shares Issued		144,078			251,003			26,612			65,693			44,774			104,186
Shares Issued in Lieu of Cash Distributions		13,361			44,273			2,515			7,398			4,260			16,348
Shares Redeemed		(224,097	)		(396,679	)		(42,433	)		(105,588	)		(129,256	)		(209,613	)
Net Increase (Decrease) from Shares Issued and Redeemed		(66,658	)		(101,403	)		(13,306	)		(32,497	)		(80,222	)		(89,079	)

^*  Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0, $0 and $0, respectively.

^**  Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0, $0 and $0, respectively.

See accompanying Notes to Financial Statements.

70

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	U.S. Micro Cap Portfolio						U.S. High Relative Profitability Portfolio						DFA Real Estate Securities Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	62,481		$	55,347		$	73,782		$	44,407		$	210,998		$	254,435
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		742,238			(40,080	)		131,919			(15,559	)		148,206			(22,481	)
Affiliated Investment Companies Shares Sold		(21	)		43			—			(7	)		(14	)		(25	)
Futures		16,057			18,436			10,476			2,286			21,701			23,323
In-Kind Redemptions		7,153			—			—			27,518			—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		2,315,847			(682,708	)		1,189,688			227,487			3,314,181			(2,026,772	)
Affiliated Investment Companies Shares		(10	)		(28	)		(1	)		—			(7	)		8
Futures		3,108			(2,304	)		1,528			(586	)		3,785			(2,293	)
Net Increase (Decrease) in Net Assets Resulting from Operations		3,146,853			(651,294	)		1,407,392			285,546			3,698,850			(1,773,805	)
Distributions:
Institutional Class Shares		(65,321	)		(181,299	)		(70,633	)		(40,426	)		(250,605	)		(234,099	)
Capital Share Transactions (1):
Shares Issued		707,002			1,188,177			1,659,760			2,358,261			1,673,718			2,195,792
Shares Issued in Lieu of Cash Distributions		60,120			167,021			70,349			39,951			221,041			201,446
Shares Redeemed		(1,515,047	)		(1,753,646	)		(860,356	)		(717,509	)		(2,265,461	)		(2,923,216	)
Net Increase (Decrease) from Capital Share Transactions		(747,925	)		(398,448	)		869,753			1,680,703			(370,702	)		(525,978	)
Total Increase (Decrease) in Net Assets		2,333,607			(1,231,041	)		2,206,512			1,925,823			3,077,543			(2,533,882	)
Net Assets
Beginning of Year		5,120,258			6,351,299			3,629,125			1,703,302			8,137,555			10,671,437
End of Year	$	7,453,865		$	5,120,258		$	5,835,637		$	3,629,125		$	11,215,098		$	8,137,555
(1) Shares Issued and Redeemed:
Shares Issued		26,537			71,569			95,038			171,069			40,000			61,450
Shares Issued in Lieu of Cash Distributions		2,311			8,253			3,936			2,876			5,800			5,475
Shares Redeemed		(58,103	)		(103,964	)		(48,305	)		(51,527	)		(54,340	)		(83,732	)
Net Increase (Decrease) from Shares Issued and Redeemed		(29,255	)		(24,142	)		50,669			122,418			(8,540	)		(16,807	)

^*  Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0, $0 and $0, respectively.

^**  Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0, $0 and $0, respectively.

See accompanying Notes to Financial Statements.

71

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Enhanced U.S. Large Company Portfolio															U.S. Large Cap Equity Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Year.	$	14.06		$	14.02		$	13.03		$	14.54		$	12.22		$	20.01		$	18.61		$	16.75		$	15.93		$	13.06
Income from Investment Operations (A)
Net Investment Income (Loss)		0.10			0.12			0.26			0.26			0.18			0.33			0.32			0.31			0.28			0.26
Net Gains (Losses) on Securities (Realized and Unrealized)		5.49			1.17			1.60			0.52			2.63			8.11			1.42			1.86			0.81			2.87
Total from Investment Operations		5.59			1.29			1.86			0.78			2.81			8.44			1.74			2.17			1.09			3.13
Less Distributions:
Net Investment Income		(0.13	)		(0.11	)		(0.30	)		(0.25	)		(0.13	)		(0.34	)		(0.31	)		(0.31	)		(0.27	)		(0.26	)
Net Realized Gains		(0.99	)		(1.14	)		(0.57	)		(2.04	)		(0.36	)		—			(0.03	)		—			—			—
Total Distributions		(1.12	)		(1.25	)		(0.87	)		(2.29	)		(0.49	)		(0.34	)		(0.34	)		(0.31	)		(0.27	)		(0.26	)
Net Asset Value, End of Year.	$	18.53		$	14.06		$	14.02		$	13.03		$	14.54		$	28.11		$	20.01		$	18.61		$	16.75		$	15.93
Total Return		41.82	%		9.55	%		15.67	%		5.62	%		23.53	%		42.42	%		9.52	%		13.13	%		6.82	%		24.16	%
Net Assets, End of Year (thousands)	$	426,867		$	433,322		$	386,750		$	327,063		$	322,347		$	2,200,814		$	1,693,438		$	1,611,529		$	1,457,218		$	1,212,883
Ratio of Expenses to Average Net Assets		0.15	%		0.15	%		0.15	%		0.15	%		0.18	%		0.14	%		0.16	%		0.19	%		0.17	%		0.17	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor and Fees Paid Indirectly)		0.17	%		0.22	%		0.25	%		0.23	%		0.24	%		0.14	%		0.16	%		0.19	%		0.17	%		0.17	%
Ratio of Net Investment Income to Average Net Assets		0.59	%		0.89	%		1.98	%		1.94	%		1.36	%		1.32	%		1.68	%		1.77	%		1.64	%		1.74	%
Portfolio Turnover Rate		70	%		90	%		109	%		91	%		122	%		7	%		20	%		22	%		7	%		11	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

72

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. Large Cap Value Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Year	$	31.40		$	37.13		$	37.41		$	38.84		$	32.63
Income from Investment Operations (A)
Net Investment Income (Loss)		0.76			0.79			0.83			0.78			0.74
Net Gains (Losses) on Securities (Realized and Unrealized)		14.46			(4.98	)		1.45			0.35			6.99
Total from Investment Operations		15.22			(4.19	)		2.28			1.13			7.73
Less Distributions:
Net Investment Income		(0.71	)		(0.73	)		(0.76	)		(0.73	)		(0.70	)
Net Realized Gains		—			(0.81	)		(1.80	)		(1.83	)		(0.82	)
Total Distributions		(0.71	)		(1.54	)		(2.56	)		(2.56	)		(1.52	)
Net Asset Value, End of Year	$	45.91		$	31.40		$	37.13		$	37.41		$	38.84
Total Return		48.68	%		(11.56	%)		6.97	%		2.79	%		24.11	%
Net Assets, End of Year (thousands)	$	25,309,703		$	18,715,077		$	25,656,577		$	25,268,336		$	23,732,871
Ratio of Expenses to Average Net Assets (B)		0.23	%		0.27	%		0.28	%		0.27	%		0.27	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor) (B)		0.33	%		0.37	%		0.38	%		0.37	%		0.37	%
Ratio of Net Investment Income to Average Net Assets		1.80	%		2.38	%		2.33	%		1.98	%		2.03	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

73

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. Targeted Value Portfolio-Class R1 Shares
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Year	$	18.57		$	22.30		$	23.45		$	25.15		$	21.26
Income from Investment Operations (A)
Net Investment Income (Loss)		0.44			0.30			0.30			0.28			0.25
Net Gains (Losses) on Securities (Realized and Unrealized)		13.00			(3.19	)		(0.24	)		(0.63	)		4.66
Total from Investment Operations		13.44			(2.89	)		0.06			(0.35	)		4.91
Less Distributions:
Net Investment Income		(0.41	)		(0.27	)		(0.27	)		(0.26	)		(0.24	)
Net Realized Gains		—			(0.57	)		(0.94	)		(1.09	)		(0.78	)
Total Distributions		(0.41	)		(0.84	)		(1.21	)		(1.35	)		(1.02	)
Net Asset Value, End of Year	$	31.60		$	18.57		$	22.30		$	23.45		$	25.15
Total Return		72.74	%		(13.34	%)		0.78	%		(1.61	%)		23.32	%
Net Assets, End of Year (thousands)	$	70,291		$	31,832		$	56,378		$	47,848		$	54,960
Ratio of Expenses to Average Net Assets		0.43	%		0.47	%		0.48	%		0.47	%		0.47	%
Ratio of Net Investment Income to Average Net Assets		1.52	%		1.56	%		1.34	%		1.10	%		1.03	%
Portfolio Turnover Rate		13	%		20	%		16	%		23	%		23	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

74

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. Targeted Value Portfolio-Class R2 Shares
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Year	$	18.48		$	22.18		$	23.32		$	25.03		$	21.16
Income from Investment Operations (A)
Net Investment Income (Loss)		0.39			0.27			0.27			0.24			0.21
Net Gains (Losses) on Securities (Realized and Unrealized)		12.94			(3.16	)		(0.23	)		(0.63	)		4.65
Total from Investment Operations		13.33			(2.89	)		0.04			(0.39	)		4.86
Less Distributions:
Net Investment Income		(0.37	)		(0.24	)		(0.24	)		(0.23	)		(0.21	)
Net Realized Gains		—			(0.57	)		(0.94	)		(1.09	)		(0.78	)
Total Distributions		(0.37	)		(0.81	)		(1.18	)		(1.32	)		(0.99	)
Net Asset Value, End of Year	$	31.44		$	18.48		$	22.18		$	23.32		$	25.03
Total Return		72.45	%		(13.42	%)		0.64	%		(1.79	%)		23.17	%
Net Assets, End of Year (thousands)	$	73,279		$	52,931		$	72,669		$	108,168		$	156,809
Ratio of Expenses to Average Net Assets		0.58	%		0.62	%		0.63	%		0.62	%		0.62	%
Ratio of Net Investment Income to Average Net Assets		1.41	%		1.39	%		1.21	%		0.95	%		0.90	%
Portfolio Turnover Rate		13	%		20	%		16	%		23	%		23	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

75

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. Targeted Value Portfolio-Institutional Class Shares
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Year	$	18.57		$	22.31		$	23.46		$	25.16		$	21.26
Income from Investment Operations (A)
Net Investment Income (Loss)		0.46			0.31			0.32			0.30			0.27
Net Gains (Losses) on Securities (Realized and Unrealized)		13.02			(3.19	)		(0.23	)		(0.63	)		4.67
Total from Investment Operations		13.48			(2.88	)		0.09			(0.33	)		4.94
Less Distributions:
Net Investment Income		(0.44	)		(0.29	)		(0.30	)		(0.28	)		(0.26	)
Net Realized Gains		—			(0.57	)		(0.94	)		(1.09	)		(0.78	)
Total Distributions		(0.44	)		(0.86	)		(1.24	)		(1.37	)		(1.04	)
Net Asset Value, End of Year	$	31.61		$	18.57		$	22.31		$	23.46		$	25.16
Total Return		72.95	%		(13.27	%)		0.88	%		(1.52	%)		23.46	%
Net Assets, End of Year (thousands)	$	12,591,768		$	8,711,891		$	10,655,324		$	10,307,146		$	10,528,662
Ratio of Expenses to Average Net Assets		0.33	%		0.37	%		0.38	%		0.37	%		0.37	%
Ratio of Net Investment Income to Average Net Assets		1.65	%		1.65	%		1.45	%		1.20	%		1.13	%
Portfolio Turnover Rate		13	%		20	%		16	%		23	%		23	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

76

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. Small Cap Value Portfolio															U.S. Core Equity 1 Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Year	$	27.34		$	32.79		$	36.39		$	39.07$			32.75		$	25.24		$	24.71		$	22.77		$	22.01		$	18.00
Income from Investment Operations (A)
Net Investment Income (Loss)		0.80			0.44			0.42			0.39			0.31			0.44			0.41			0.40			0.36			0.33
Net Gains (Losses) on Securities (Realized and Unrealized)		18.98			(4.95	)		(1.69	)		(0.90	)		7.71			10.99			0.93			2.08			0.88			4.12
Total from Investment Operations		19.78			(4.51	)		(1.27	)		(0.51	)		8.02			11.43			1.34			2.48			1.24			4.45
Less Distributions:
Net Investment Income		(0.79	)		(0.38	)		(0.38	)		(0.37	)		(0.30	)		(0.42	)		(0.39	)		(0.40	)		(0.35	)		(0.35	)
Net Realized Gains		—			(0.56	)		(1.95	)		(1.80	)		(1.40	)		—			(0.42	)		(0.14	)		(0.13	)		(0.09	)
Total Distributions		(0.79	)		(0.94	)		(2.33	)		(2.17	)		(1.70	)		(0.42	)		(0.81	)		(0.54	)		(0.48	)		(0.44	)
Net Asset Value, End of Year	$	46.33		$	27.34		$	32.79		$	36.39$			39.07		$	36.25		$	25.24		$	24.71		$	22.77		$	22.01
Total Return		73.01	%		(14.11	%)		(3.04	%)		(1.48	%)		24.67	%		45.50	%		5.55	%		11.18	%		5.59	%		24.93	%
Net Assets, End of Year (thousands)	$	15,145,347		$	10,481,057		$	13,766,513		$	14,732,615		$	15,165,867		$	33,385,041		$	24,427,934		$	26,592,058		$	23,629,726		$	20,762,742
Ratio of Expenses to Average Net Assets		0.42	%		0.52	%		0.53	%		0.52	%		0.52	%		0.15	%		0.18	%		0.20	%		0.19	%		0.19	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed)		0.42	%		0.52	%		0.53	%		0.52	%		0.52	%		0.15	%		0.18	%		0.20	%		0.19	%		0.19	%
Ratio of Net Investment Income to Average Net Assets		1.94	%		1.56	%		1.26	%		1.00	%		0.83	%		1.34	%		1.69	%		1.72	%		1.55	%		1.64	%
Portfolio Turnover Rate		22	%		18	%		19	%		27	%		24	%		4	%		3	%		5	%		3	%		3	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

77

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. Core Equity 2 Portfolio															U.S. Vector Equity Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Year	$	22.79		$	22.66		$	21.25		$	20.90		$	17.19		$	17.00		$	18.71		$	18.40		$	19.16		$	15.93
Income from Investment Operations (A)
Net Investment Income (Loss)		0.39			0.36			0.36			0.34			0.31			0.31			0.27			0.28			0.26			0.24
Net Gains (Losses) on Securities (Realized and Unrealized)		10.35			0.60			1.65			0.53			3.83			9.00			(1.40	)		0.72			(0.10	)		3.65
Total from Investment Operations		10.74			0.96			2.01			0.87			4.14			9.31			(1.13	)		1.00			0.16			3.89
Less Distributions:
Net Investment Income		(0.37	)		(0.33	)		(0.37	)		(0.32	)		(0.31	)		(0.29	)		(0.25	)		(0.27	)		(0.25	)		(0.23	)
Net Realized Gains		—			(0.50	)		(0.23	)		(0.20	)		(0.12	)		—			(0.33	)		(0.42	)		(0.67	)		(0.43	)
Total Distributions		(0.37	)		(0.83	)		(0.60	)		(0.52	)		(0.43	)		(0.29	)		(0.58	)		(0.69	)		(0.92	)		(0.66	)
Net Asset Value, End of Year	$	33.16		$	22.79		$	22.66		$	21.25		$	20.90		$	26.02		$	17.00		$	18.71		$	18.40		$	19.16
Total Return		47.35	%		4.37	%		9.78	%		4.16	%		24.36	%		54.98	%		(6.12	%)		5.92	%		0.69	%		24.73	%
Net Assets, End of Year (thousands)	$	35,148,897		$	25,670,305		$	27,829,155		$	24,677,650		$	22,515,418		$	5,182,775		$	3,612,716		$	4,583,612		$	4,610,769		$	4,724,003
Ratio of Expenses to Average Net Assets		0.19	%		0.21	%		0.22	%		0.22	%		0.22	%		0.29	%		0.32	%		0.33	%		0.32	%		0.32	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed)		0.19	%		0.21	%		0.22	%		0.22	%		0.22	%		0.29	%		0.32	%		0.33	%		0.32	%		0.32	%
Ratio of Net Investment Income to Average Net Assets		1.29	%		1.63	%		1.69	%		1.53	%		1.59	%		1.31	%		1.59	%		1.53	%		1.35	%		1.36	%
Portfolio Turnover Rate		5	%		3	%		6	%		5	%		5	%		10	%		13	%		6	%		10	%		10	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

78

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. Small Cap Portfolio															U.S. Micro Cap Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Year	$	31.00		$	33.80		$	35.02		$	36.48		$	30.14		$	18.19		$	20.78		$	21.88		$	22.76		$	18.58
Income from Investment Operations (A)
Net Investment Income (Loss)		0.50			0.35			0.38			0.39			0.35			0.24			0.18			0.20			0.17			0.16
Net Gains (Losses) on Securities (Realized and Unrealized)		17.50			(2.02	)		(0.05	)		(0.08	)		7.17			11.37			(2.18	)		(0.26	)		0.12			5.12
Total from Investment Operations		18.00			(1.67	)		0.33			0.31			7.52			11.61			(2.00	)		(0.06	)		0.29			5.28
Less Distributions:
Net Investment Income		(0.50	)		(0.32	)		(0.35	)		(0.37	)		(0.35	)		(0.25	)		(0.16	)		(0.18	)		(0.16	)		(0.16	)
Net Realized Gains		—			(0.81	)		(1.20	)		(1.40	)		(0.83	)		—			(0.43	)		(0.86	)		(1.01	)		(0.94	)
Total Distributions		(0.50	)		(1.13	)		(1.55	)		(1.77	)		(1.18	)		(0.25	)		(0.59	)		(1.04	)		(1.17	)		(1.10	)
Net Asset Value, End of Year	$	48.50		$	31.00		$	33.80		$	35.02		$	36.48		$	29.55		$	18.19		$	20.78		$	21.88		$	22.76
Total Return		58.30	%		(5.08	%)		1.41	%		0.77	%		25.21	%		64.00	%		(9.87	%)		0.24	%		1.29	%		28.91	%
Net Assets, End of Year (thousands)	$	16,747,405		$	13,189,730		$	17,392,495		$	17,303,451		$	16,931,787		$	7,453,865		$	5,120,258		$	6,351,299		$	6,478,316		$	6,306,730
Ratio of Expenses to Average Net Assets		0.33	%	��	0.36	%		0.37	%		0.37	%		0.37	%		0.46	%		0.52	%		0.53	%		0.52	%		0.52	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed)		0.33	%		0.36	%		0.37	%		0.37	%		0.37	%		0.46	%		0.52	%		0.53	%		0.52	%		0.52	%
Ratio of Net Investment Income to Average Net Assets		1.13	%		1.15	%		1.13	%		1.06	%		1.04	%		0.90	%		1.00	%		0.98	%		0.74	%		0.75	%
Portfolio Turnover Rate		12	%		3	%		8	%		13	%		14	%		20	%		11	%		15	%		19	%		15	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

79

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. High Relative Profitability Portfolio															DFA Real Estate Securities Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Period May 16, 2017 u to Oct 31, 2017			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Period.	$	14.61		$	13.51		$	11.85		$	10.93		$	10.00		$	34.21		$	41.90		$	34.14		$	34.99		$	34.32
Income from Investment Operations (A)
Net Investment Income (Loss)		0.26			0.25			0.22			0.19			0.07			0.90			1.01			0.52	**		1.60			0.84
Net Gains (Losses) on Securities (Realized and Unrealized)		4.89			1.07			1.64			0.89			0.91			14.86			(7.77	)		8.09	**		(0.69	)		1.12
Total from Investment Operations		5.15			1.32			1.86			1.08			0.98			15.76			(6.76	)		8.61			0.91			1.96
Less Distributions:
Net Investment Income		(0.25	)		(0.22	)		(0.20	)		(0.16	)		(0.05	)		(0.95	)		(0.87	)		(0.85	)		(1.65	)		(0.98	)
Net Realized Gains		—			—			—			—			—			(0.12	)		(0.06	)		—			(0.11	)		(0.31	)
Total Distributions		(0.25	)		(0.22	)		(0.20	)		(0.16	)		(0.05	)		(1.07	)		(0.93	)		(0.85	)		(1.76	)		(1.29	)
Net Asset Value, End of Period	$	19.51		$	14.61		$	13.51		$	11.85		$	10.93		$	48.90		$	34.21		$	41.90		$	34.14		$	34.99
Total Return		35.42	%		9.90	%		15.88	%		9.88	%		9.84	%(C)		47.01	%		(16.27	%)		25.64	%		2.63	%		5.86	%
Net Assets, End of Period (thousands)	$	5,835,637		$	3,629,125		$	1,703,302		$	722,728		$	141,073		$	11,215,098		$	8,137,555		$	10,671,437		$	8,577,658		$	8,281,176
Ratio of Expenses to Average Net Assets		0.24	%		0.25	%		0.25	%		0.25	%		0.23	%(D)(E)		0.18	%		0.18	%		0.18	%		0.18	%		0.18	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor and Fees Paid Indirectly)		0.24	%		0.25	%		0.25	%		0.27	%		0.35	%(D)(E)		0.20	%		0.20	%		0.20	%		0.19	%		0.19	%
Ratio of Net Investment Income to Average Net Assets		1.46	%		1.76	%		1.73	%		1.58	%		1.45	%(D)(E)		2.12	%		2.73	%		1.38	%**		4.66	%		2.43	%
Portfolio Turnover Rate		12	%		0	%		4	%		7	%		0	%(C)		5	%		5	%		3	%		3	%		1	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

80

DFA INVESTMENT DIMENSIONS GROUP INC.

NOTES TO FINANCIAL STATEMENTS

A. Organization:

DFA Investment Dimensions 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. The Fund consists of one hundred operational portfolios, of which twelve (the “Portfolios”) are included in this section of the report. The remaining operational portfolios are presented in separate reports. The Portfolios are investment companies, and accordingly, follow the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”), Topic 946, “Financial Services-Investment Companies.”

Of the Portfolios, one (the “Feeder Fund”) invests all of its assets in a corresponding series (the “Master Fund” which is treated as a partnership for federal income tax purposes) of The DFA Investment Trust Company (“DFAITC”). As of October 31, 2021, the Feeder Fund was the owner of record of the approximate percentage of the total outstanding shares of the Master Fund as detailed below:

Feeder Fund	Master Fund	Percentage Ownership at 10/31/21
U.S. Large Cap Value Portfolio	The U.S. Large Cap Value Series		85	%

To achieve its investment objective, the Feeder Fund invests substantially all of its assets in the Master Fund as indicated above. The Feeder Fund also invests in short-term temporary cash investments and futures.

The financial statements of the Master Fund are included elsewhere in this report and should be read in conjunction with the financial statements of the Feeder Fund.

B. Significant Accounting Policies:

The following significant accounting policies are in conformity with accounting principles generally accepted in the United States of America. Such policies are consistently followed by the Fund in preparation of its financial statements. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the fair value of investments, the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates, and those differences could be material.

1. 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 Enhanced U.S. Large Company Portfolio, U.S. Large Cap Equity Portfolio, U.S. Targeted Value Portfolio, U.S. Small Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Core Equity 2 Portfolio, U.S. Vector Equity Portfolio, U.S. Small Cap Portfolio, U.S. Micro Cap Portfolio, DFA Real Estate Securities Portfolio and U.S. High Relative Profitability Portfolio (collectively, the “Domestic Equity Portfolios”) including over-the-counter securities, are valued at the last quoted sale price of the day. Securities held by the Domestic Equity Portfolios 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 Domestic Equity Portfolios value the securities within the range of the most recent quoted

81

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.

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 the Portfolio is calculated. When fair value pricing is used, the prices of securities used by the Domestic Equity 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 or Level 3 in the hierarchy.

Debt securities held by the Portfolios 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. Securities for which quotations are not 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. These valuations are generally categorized as Level 2 or Level 3 in the hierarchy.

Listed derivatives, such as futures, that are actively traded are valued based on quoted prices from the exchange and are categorized as Level 1 in the hierarchy. Over-the-counter derivative contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 in the hierarchy.

Shares held by the Portfolios in other investment companies (such as the Master Fund) are valued at their respective daily net asset values as reported by their administrator. The Feeder Fund’s investment in the Master Fund reflects its proportionate interest in the net assets of the Master Fund. These valuations are classified as Level 1 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 the Summary Schedule of Portfolio Holdings/Schedule of Investments (except for the Feeder Fund). The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

2. Foreign Currency Translation: Securities and other assets and liabilities of the Enhanced U.S. Large Company Portfolio whose values are initially expressed in foreign currencies are translated to U.S. dollars using the mean between the most recent bid and ask prices for the U.S. dollar as quoted by generally recognized reliable sources. To facilitate the translation, the Portfolio enters into foreign currency contracts. A foreign currency contract is a spot agreement between two parties to buy and sell currencies at current market exchange rates, for settlement generally within two business days. Dividend and interest income and certain expenses are translated to U.S. dollars at the rate of exchange on their respective accrual dates. Receivables and payables denominated in foreign currencies are marked-to-market daily based on daily exchange rates and exchange gains or losses are realized upon ultimate receipt or disbursement. The Portfolio also enters into forward currency contracts solely for the purpose of hedging against fluctuations in currency exchange rates. These contracts are marked-to-market daily based on daily forward exchange rates.

The Enhanced U.S. Large Company Portfolio isolates the effect of foreign currency rate fluctuations when determining the realized gain or loss upon the sale or maturity of foreign currency-denominated debt obligations pursuant to U.S. Federal income tax regulations; such amounts are categorized as foreign exchange gain or loss for income tax reporting purposes.

82

Realized gains or losses on foreign currency transactions represent net foreign exchange gains or losses from the disposition of foreign currencies, currency gains or losses realized between the trade and settlement dates of securities transactions, and the difference between amounts of interest, dividends and any foreign withholding taxes recorded on the books of the Enhanced U.S. Large Company Portfolio and the U.S. dollar equivalent amounts actually received or paid.

3. Deferred Compensation Plan: Each eligible Director of the Fund may elect to participate in the Fee Deferral Plan for Independent Directors and Trustees (the “Plan”). Under the Plan, effective January 1, 2002, such Directors may defer payment of all or a portion of their total fees earned as a Director. These deferred amounts may be treated as though such amounts had been invested in shares of the following funds: the U.S. Large Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Large Company Portfolio, U.S. Vector Equity Portfolio, U.S. Micro Cap Portfolio, DFA International Value Portfolio, International Core Equity Portfolio, Emerging Markets Portfolio, Emerging Markets Core Equity Portfolio, DFA Inflation-Protected Securities Portfolio, and/or DFA Two-Year Global Fixed Income Portfolio. Contributions made under the Plan and the change in unrealized appreciation (depreciation) and income are included in Directors’/ Trustees’ Fees & Expenses.

The Directors may receive their distributions of proceeds by one of the following methods: lump sum, annual installments over a period of agreed-upon years, or quarterly installments over a period of agreed-upon years. Each Director shall have the right in a notice of election (the “Notice”) to defer the receipt of the Director’s deferred compensation until a date specified by such Director in the Notice. The date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Director ceases to be a member of the Board of Directors of the Fund; and (ii) five years following the effective date of the Director’s first deferral election. If a Director who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Director’s deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Director ceases to be a member of the Board (unless the Director files an amended Notice selecting a different distribution date).

4. Other: Security transactions are accounted for as of the trade date. Costs used in determining realized gains and losses on the sale of investment securities/affiliated investment companies and foreign currency are accounted for on the basis of identified cost. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities and from the investment in affiliated investment companies that represent a return of capital or capital gains are recorded as a reduction of cost of investments or as a realized gain, respectively. The Portfolios estimate the character of received distributions that may be considered return of capital distributions. Interest income is recorded on an accrual basis. Discount and premium on debt securities purchased are amortized over the lives of the respective securities, using the effective interest method. Expenses directly attributable to a Portfolio are directly charged. Common expenses of the Fund or the Portfolios are allocated using methods approved by the Board, generally based on average net assets.

Organizational costs are expensed during the fiscal year of inception of the Portfolios. Offering costs are amortized over a twelve-month period from the inception of the Portfolios.

Class R1 Shares, Class R2 Shares and Institutional Class Shares have equal rights to assets and earnings of a Portfolio. Income, gains and losses, and common expenses of a Portfolio are allocated to each class of shares based on its relative net assets. Each class will bear its own class-specific expenses, if any.

The Feeder Fund recognizes its pro-rata shares of net investment income and realized and unrealized gains/losses on a daily basis from its Master Fund within DFAITC, which is treated as a partnership for federal income tax purposes.

The Portfolios may be subject to taxes imposed by countries in which they invest with respect to their investments in issuers existing or operating in such countries. Such taxes are generally based on income earned or repatriated and capital gains realized on the sale of such investments. The Portfolios accrue such taxes when the related income or capital gains are earned or throughout the holding period. Some countries require governmental approval for the repatriation of investment income, capital or the proceeds of sales earned by foreign investors. Additionally, if there is a deterioration in a country’s balance of payments or for other reasons, a country may impose temporary restrictions on foreign capital remittances abroad.

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C. Investment Advisor:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Portfolios. For the year ended October 31, 2021, the Portfolios’ investment management fees were accrued daily and paid monthly to the Advisor based on the following effective annual rates of average daily net assets:

Enhanced U.S. Large Company Portfolio	0.12	%
U.S. Large Cap Equity Portfolio	0.11	%*
U.S. Large Cap Value Portfolio	0.20	%*
U.S. Targeted Value Portfolio	0.31	%*
U.S. Small Cap Value Portfolio	0.40	%*
U.S. Core Equity 1 Portfolio	0.13	%*
U.S. Core Equity 2 Portfolio	0.16	%*
U.S. Vector Equity Portfolio	0.26	%*
U.S. Small Cap Portfolio	0.31	%*
U.S. Micro Cap Portfolio	0.43	%*
U.S. High Relative Profitability Portfolio	0.20	%
DFA Real Estate Securities Portfolio	0.17	%

* Effective as of February 28, 2021, the management fees payable by the following Portfolios were reduced as follows:

Portfolio	Management Fee Prior to February 28, 2021	Management Fee Effective February 28, 2021
U.S. Large Cap Equity Portfolio	0.12%	0.10%
U.S. Large Cap Value Portfolio	0.23%	0.19%
U.S. Targeted Value Portfolio	0.33%	0.30%
U.S. Small Cap Value Portfolio	0.48%	0.36%
U.S. Core Equity 1 Portfolio	0.14%	0.12%
U.S. Core Equity 2 Portfolio	0.17%	0.16%
U.S. Vector Equity Portfolio	0.28%	0.25%
U.S. Small Cap Portfolio	0.33%	0.30%
U.S. Micro Cap Portfolio	0.48%	0.41%

Pursuant to Amended and Restated Fee Waiver and/or Expense Assumption Agreements (each, a “Fee Waiver Agreement”), the Advisor has contractually agreed to waive certain fees, and in certain instances, assume certain expenses of the Portfolios, as described in the notes below. The Fee Waiver Agreements for the non-feeder Portfolios will remain in effect through February 28, 2022, may only be terminated by the Fund’s Board of Directors prior to that date and shall continue in effect from year to year thereafter unless terminated by the Fund or the Advisor. The Fee Waiver Agreement with respect to the total management fees paid by the Feeder Fund, as described in the notes below, will remain in effect permanently, unless terminated by the Fund. During the year ended October 31, 2021, the non-feeder Portfolios had expense limits based on a percentage of average net assets on an annualized basis, and the Advisor recovered previously waived fees and/or assumed expenses (amounts in thousands), as listed below. The net amount of waived fees/expenses assumed (recovered previously waived fees/expenses assumed) during the year ended October 31, 2021, and the previously waived fees/expenses assumed subject to future recovery by the Advisor as of October 31, 2021, are also reflected below (amounts in thousands). At any time that the Portfolio Expenses (defined below) of a class of a Portfolio are less than the applicable Expense Limitation Amount listed below, the Advisor retains the right to recover fees previously waived and/or expenses previously assumed to the extent that the expense ratio following such recovery would be less than the Expense Limitation Amount that was in place when such prior year fees were waived and/or expenses assumed, and less than the current Expense Limitation Amount in place for the Portfolio. The Advisor, however, will not be reimbursed by the Feeder Fund in connection with its Permanent Fee Waiver (defined below). The Fund, on behalf of a Portfolio, is also not obligated to reimburse the Advisor for fees previously waived or expenses previously assumed by the Advisor more than thirty-six months before the date of recovery.

84

Institutional Class Shares	Expense Limitation Amount			Total Management Fee Limit			Recovery of Previously Waived Fees/ Expenses Assumed		Waived Fees/ Expenses Assumed		Previously Waived Fees/ Expenses Assumed Subject to Future Recovery
Enhanced U.S. Large Company Portfolio (1)		0.15	%		—		$	40	$	94	$	688
U.S. Large Cap Equity Portfolio (1)		0.19	%		—			—		—		—
U.S. Large Cap Value Portfolio (2)		—			0.19	%		—		23,870		—
U.S. Targeted Value Portfolio (3)		0.50	%		—			—		—		—
U.S. Core Equity 1 Portfolio (1)		0.23	%		—			—		—		—
U.S. Core Equity 2 Portfolio (1)		0.26	%		—			—		—		—
U.S. Vector Equity Portfolio (1)		0.36	%		—			—		—		—
U.S. High Relative Profitability Portfolio (4)		0.25	%		—			—		—		—
DFA Real Estate Securities Portfolio (1)		0.18	%		—			21		1,743		5,064
Class R1 Shares
U.S. Targeted Value Portfolio (5)		0.62	%		—			—		—		—
Class R2 Shares
U.S. Targeted Value Portfolio (5)		0.77	%		—			—		—		—

(1) The Advisor has contractually agreed to waive all or a portion of its management fee and assume the Portfolio’s ordinary operating expenses (excluding the expenses the Portfolio incurs indirectly through investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of the Portfolio to the rate listed above as a percentage of average net assets on an annualized basis (the “Expense Limitation Amount”). The Fee Waiver Agreement for the Enhanced U.S. Large Company Portfolio became effective on April 3, 2017.

(2) Effective February 28, 2021, the Advisor has contractually agreed to permanently waive all or a portion of the management fee of the Portfolio to the extent necessary to limit the total management fees paid to the Advisor by the Portfolio, including the proportionate share of the management fees the Portfolio pays indirectly through its investment in other funds managed by the Advisor, except for the fees paid indirectly through its investment of securities lending cash collateral in The DFA Short Term Investment Fund (the “Money Market Series”), to the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the "Permanent Fee Waiver"). From February 28, 2020 to February 27, 2021, the Permanent Fee Waiver Limit was 0.23%. From July 21, 2015 to February 27, 2020, the Permanent Fee Waiver Limit was 0.25%.

(3) The Advisor has contractually agreed to waive its management fee and to assume the Portfolio’s Institutional Class Shares’ expenses (excluding the expenses the Portfolio incurs indirectly through investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of the Institutional Class Shares of the Portfolio to the rate listed above for such class of shares as a percentage of average net assets on an annualized basis (the “Expense Limitation Amount”).

(4) The Advisor has contractually agreed to waive all or a portion of its management fee and to assume the ordinary operating expenses of a class of the Portfolio (including the expenses that the Portfolio bears as a shareholder of other funds managed by the Advisor, excluding money market funds, but excluding the expenses that the Portfolio incurs indirectly through its investment in unaffiliated investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of a class of the Portfolio to the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”).

(5) The Advisor has contractually agreed to reduce all or a portion of its management fee and to assume the direct and indirect expenses of the Class R1 shares and Class R2 shares of the Portfolio (excluding the expenses the Portfolio incurs indirectly through investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of the Class R1 shares and Class R2 shares of the Portfolio to the rate listed above for such class of shares as a percentage of average net assets (the “Expense Limitation Amount”).

85

Earned Income Credit:

Additionally, the following Portfolio has entered into an arrangement with its custodian whereby net interest earned on uninvested cash balances was used to reduce a portion of the Portfolio’s custody expenses. Custody expense in the accompanying financial statements is presented before reduction for credits. The impact of such credits is generally less than one basis point of the Portfolio’s net assets. During the year ended October 31, 2021, expenses reduced were as follows (amount in thousands):

	Fees Paid Indirectly
Enhanced U.S. Large Company Portfolio	$	11

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Directors of the Advisor are also Officers and Directors of the Fund; however, such Officers and Directors (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the year ended October 31, 2021, the total related amount paid by the Fund to the CCO was $133 (in thousands). The total related amounts paid by each of the Portfolios are included in Other Expenses on the Statements of Operations.

D. Deferred Compensation:

As of October 31, 2021, the total liability for deferred compensation to Directors is included in Accrued Expenses and Other Liabilities on the Statements of Assets and Liabilities as follows (amounts in thousands):

Enhanced U.S. Large Company Portfolio	$	11
U.S. Large Cap Equity Portfolio		26
U.S. Large Cap Value Portfolio		577
U.S. Targeted Value Portfolio		235
U.S. Small Cap Value Portfolio		435
U.S. Core Equity 1 Portfolio		484
U.S. Core Equity 2 Portfolio		571
U.S. Vector Equity Portfolio		120
U.S. Small Cap Portfolio		365
U.S. Micro Cap Portfolio		203
U.S. High Relative Profitability Portfolio		38
DFA Real Estate Securities Portfolio		225

E. Purchases and Sales of Securities:

For the year ended October 31, 2021, the Portfolios’ transactions related to investment securities, other than short-term securities, in-kind redemptions and U.S. government securities (with respect to the Equity Portfolios) (amounts in thousands), were as follows:

	U.S. Government Securities				Other Investment Securities
	Purchases		Sales		Purchases		Sales
Enhanced U.S. Large Company Portfolio	$	93,703	$	64,130	$	237,596	$	186,554
U.S. Large Cap Equity Portfolio		—		—		140,781		281,223
U.S. Targeted Value Portfolio		—		—		1,466,700		3,145,311
U.S. Small Cap Value Portfolio		—		—		3,068,731		5,036,721
U.S. Core Equity 1 Portfolio		—		—		1,105,266		2,371,137
U.S. Core Equity 2 Portfolio		—		—		1,672,033		3,317,059
U.S. Vector Equity Portfolio		—		—		477,324		707,993

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	U.S. Government Securities				Other Investment Securities
	Purchases		Sales		Purchases		Sales
U.S. Small Cap Portfolio		—		—	$	1,858,885	$	4,939,075
U.S. Micro Cap Portfolio		—		—		1,354,005		1,998,754
U.S. High Relative Profitability Portfolio		—		—		1,483,630		606,007
DFA Real Estate Securities Portfolio		—		—		521,909		827,228

For the year ended October 31, 2021, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.

The amounts presented below may differ from the respective amounts presented in the corresponding Schedule of Investments/Summary Schedule of Portfolio Holdings, Statements of Assets and Liabilities or Statements of Operations due to rounding. The amounts are as follows (amounts in thousands):

	Balance at October 31, 2020		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales			Change in Unrealized Appreciation/ Depreciation			Balance at October 31, 2021		Shares as of October 31, 2021		Dividend Income		Capital Gain Distributions
Enhanced U.S. Large Company Portfolio
The DFA Short Term Investment Fund	$	10,071	$	119,408	$	125,815		—			—		$	3,664		317	$	2		—
Total	$	10,071	$	119,408	$	125,815		—			—		$	3,664		317	$	2		—
U.S. Large Cap Equity Portfolio
The DFA Short Term Investment Fund	$	7,230	$	282,356	$	278,924	$	(3	)	$	(2	)	$	10,657		921	$	13		—
Total	$	7,230	$	282,356	$	278,924	$	(3	)	$	(2	)	$	10,657		921	$	13		—
U.S. Targeted Value Portfolio
The DFA Short Term Investment Fund	$	264,862	$	3,630,126	$	3,356,215	$	(19	)	$	(24	)	$	538,730		46,563	$	229		—
Total	$	264,862	$	3,630,126	$	3,356,215	$	(19	)	$	(24	)	$	538,730		46,563	$	229		—
U.S. Small Cap Value Portfolio
The DFA Short Term Investment Fund	$	361,122	$	2,554,466	$	2,507,147	$	(6	)	$	(18	)	$	408,417		35,300	$	236		—
Total	$	361,122	$	2,554,466	$	2,507,147	$	(6	)	$	(18	)	$	408,417		35,300	$	236		—
U.S. Core Equity 1 Portfolio
The DFA Short Term Investment Fund	$	343,800	$	2,733,827	$	2,675,559	$	6		$	(42	)	$	402,032		34,748	$	217		—
Total	$	343,800	$	2,733,827	$	2,675,559	$	6		$	(42	)	$	402,032		34,748	$	217		—

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	Balance at October 31, 2020		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales			Change in Unrealized Appreciation/ Depreciation			Balance at October 31, 2021		Shares as of October 31, 2021		Dividend Income		Capital Gain Distributions
U.S. Core Equity 2 Portfolio
The DFA Short Term Investment Fund	$	424,201	$	2,868,803	$	2,752,266	$	5		$	(46	)	$	540,697		46,733	$	283		—
Total	$	424,201	$	2,868,803	$	2,752,266	$	5		$	(46	)	$	540,697		46,733	$	283		—
U.S. Vector Equity Portfolio
The DFA Short Term Investment Fund	$	142,157	$	978,931	$	987,076	$	(10	)	$	(6	)	$	133,996		11,581	$	84		—
Total	$	142,157	$	978,931	$	987,076	$	(10	)	$	(6	)	$	133,996		11,581	$	84		—
U.S. Small Cap Portfolio
The DFA Short Term Investment Fund	$	693,347	$	4,048,132	$	4,011,948	$	(15	)	$	(46	)	$	729,470		63,048	$	475		—
Total	$	693,347	$	4,048,132	$	4,011,948	$	(15	)	$	(46	)	$	729,470		63,048	$	475		—
U.S. Micro Cap Portfolio
The DFA Short Term Investment Fund	$	306,205	$	2,093,046	$	1,977,325	$	(21	)	$	(10	)	$	421,895		36,465	$	237		—
Total	$	306,205	$	2,093,046	$	1,977,325	$	(21	)	$	(10	)	$	421,895		36,465	$	237		—
U.S. High Relative Profitability Portfolio
The DFA Short Term Investment Fund	$	19,518	$	151,729	$	171,246		—		$	(1	)		—		—		—		—
Total	$	19,518	$	151,729	$	171,246		—		$	(1	)		—		—		—		—
DFA Real Estate Securities Portfolio
The DFA Short Term Investment Fund	$	211,145	$	2,452,384	$	2,477,318	$	(14	)	$	(7	)	$	186,190		16,092	$	147		—
Total	$	211,145	$	2,452,384	$	2,477,318	$	(14	)	$	(7	)	$	186,190		16,092	$	147		—

F. Federal Income Taxes:

Each Portfolio has qualified and intends to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code for federal income tax purposes and to distribute substantially all of its taxable income and net capital gains to its shareholders. Accordingly, no provision has been made for federal income taxes.

Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined under accounting principles generally accepted in the United States of America. These book/tax differences are either temporary or permanent in nature. To the extent that these differences are permanent, they are charged or credited to paid-in capital or distributable earnings as appropriate, in the period that the differences arise. Accordingly, the permanent differences as of October 31, 2021, can occur as a result of realized gains on securities considered to be “passive foreign investment companies,” non-deductible expenses, realized foreign capital gains tax, the use of accumulated

88

earnings and profits distributed to shareholders on redemptions of shares as part of the dividends paid deduction for income tax purposes, net foreign currency gains/losses, distributions received from real estate investment trusts and distribution redesignations, and were reclassified to the accounts mentioned above. These reclassifications had no effect on net assets or net asset value per share.

The tax character of dividends and distributions declared and paid during the years ended October 31, 2020, and October 31, 2021, were as follows (amounts in thousands):

	Net Investment Income and Short-Term Capital Gains		Long-Term Capital Gains		Tax Exempt Income		Total
Enhanced U.S. Large Company Portfolio
2020	$	16,363	$	18,585		—	$	34,948
2021		13,853		16,475		—		30,328
U.S. Large Cap Equity Portfolio
2020		27,356		2,832		—		30,188
2021		27,774		—		—		27,774
U.S. Large Cap Value Portfolio
2020		481,285		553,382		—		1,034,667
2021		401,298		—		—		401,298
U.S. Targeted Value Portfolio
2020		144,747		273,175		—		417,922
2021		188,761		—		—		188,761
U.S. Small Cap Value Portfolio
2020		154,869		231,582		—		386,451
2021		282,350		—		—		282,350
U.S. Core Equity 1 Portfolio
2020		396,684		447,425		—		844,109
2021		396,375		—		—		396,375
U.S. Core Equity 2 Portfolio
2020		404,026		605,970		—		1,009,996
2021		403,126		—		—		403,126
U.S. Vector Equity Portfolio
2020		58,715		80,129		—		138,844
2021		59,880		—		—		59,880
U.S. Small Cap Portfolio
2020		160,316		405,787		—		566,103
2021		191,244		—		—		191,244
U.S. Micro Cap Portfolio
2020		49,023		132,276		—		181,299
2021		65,320		—		—		65,320
U.S. High Relative Profitability Portfolio
2020		40,427		—		—		40,427
2021		70,633		—		—		70,633
DFA Real Estate Securities Portfolio
2020		219,888		14,211		—		234,099
2021		222,133		28,472		—		250,605

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As of October 31, 2021, the following net investment income and short-term capital gains and long-term capital gains distributions designated for federal income tax purposes are due to the use of accumulated earnings and profits distributed to shareholders upon redemption of shares (amounts in thousands):

	Net Investment Income and Short-Term Capital Gains			Long-Term Capital Gains			Total
Enhanced U.S. Large Company Portfolio	$	(6,335	)	$	(14,587	)	$	(20,922	)
U.S. Large Cap Equity Portfolio		(1,828	)		(5,298	)		(7,126	)
U.S. Large Cap Value Portfolio		(42,941	)		(41,781	)		(84,722	)
U.S. Targeted Value Portfolio		(26,996	)		(109,097	)		(136,093	)
U.S. Small Cap Value Portfolio		(32,234	)		(168,043	)		(200,277	)
U.S. Core Equity 1 Portfolio		(30,464	)		(45,998	)		(76,462	)
U.S. Core Equity 2 Portfolio		(46,009	)		(72,093	)		(118,102	)
U.S. Vector Equity Portfolio		(8,005	)		(21,668	)		(29,673	)
U.S. Small Cap Portfolio		(7,371	)		(121,832	)		(129,203	)
U.S. Micro Cap Portfolio		(1,852	)		(60,415	)		(62,267	)
U.S. High Relative Profitability Portfolio		(8,260	)		(2,281	)		(10,541	)
DFA Real Estate Securities Portfolio		(12,982	)		—			(12,982	)

As of October 31, 2021, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):

	Undistributed Net Investment Income and Short-Term Capital Gains		Undistributed Long-Term Capital Gains		Unrealized Appreciation (Depreciation)			Total Net Distributable Earnings (Accumulated Losses)
Enhanced U.S. Large Company Portfolio	$	56,547	$	76,606	$	(2,366	)	$	130,787
U.S. Large Cap Equity Portfolio		—		65,510		1,118,349			1,183,859
U.S. Large Cap Value Portfolio		3,129		665,495		10,740,566			11,409,190
U.S. Targeted Value Portfolio		83,374		726,719		4,577,095			5,387,188
U.S. Small Cap Value Portfolio		123,325		1,148,146		5,786,050			7,057,521
U.S. Core Equity 1 Portfolio		—		865,683		19,656,685			20,522,368
U.S. Core Equity 2 Portfolio		25,049		1,246,047		20,369,182			21,640,278
U.S. Vector Equity Portfolio		14,515		309,253		2,739,749			3,063,517
U.S. Small Cap Portfolio		—		848,751		8,272,675			9,121,426
U.S. Micro Cap Portfolio		—		674,878		3,601,647			4,276,525
U.S. High Relative Profitability Portfolio		7,160		110,029		1,600,233			1,717,422
DFA Real Estate Securities Portfolio		93,898		96,126		5,118,441			5,308,465

For federal income tax purposes, the Fund measures its capital loss carryforwards annually at October 31, its fiscal year end. Capital loss carryforwards may be carried forward and applied against future capital gains. As of October 31, 2021, the Portfolios did not have any capital loss carryforwards available to offset future realized capital gains.

During the year ended October 31, 2021, the following Portfolios used the following capital loss carryforwards to offset realized capital gains for federal income tax purposes (amounts in thousands):

U.S. Large Cap Equity Portfolio	$	6,619
U.S. Large Cap Value Portfolio		505,285
U.S. Targeted Value Portfolio		195,289
U.S. Small Cap Value Portfolio		572,029

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U.S. Core Equity 1 Portfolio	$	151,063
U.S. Core Equity 2 Portfolio		152,348
U.S. Vector Equity Portfolio		23,852
U.S. Small Cap Portfolio		295,476
U.S. Micro Cap Portfolio		27,303
U.S. High Relative Profitability Portfolio		22,636

As of October 31, 2021, the total cost and aggregate gross unrealized appreciation (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes, as follows (amounts in thousands):

	Federal Tax Cost		Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
Enhanced U.S. Large Company Portfolio	$	419,555	$	14,122	$	(16,501	)	$	(2,379	)
U.S. Large Cap Equity Portfolio		1,091,066		1,134,207		(15,858	)		1,118,349
U.S. Large Cap Value Portfolio		14,569,577		10,740,566		—			10,740,566
U.S. Targeted Value Portfolio		8,687,604		4,970,953		(393,846	)		4,577,107
U.S. Small Cap Value Portfolio		9,771,814		6,050,165		(264,116	)		5,786,049
U.S. Core Equity 1 Portfolio		14,104,486		20,141,898		(485,210	)		19,656,688
U.S. Core Equity 2 Portfolio		15,314,231		20,821,078		(451,896	)		20,369,182
U.S. Vector Equity Portfolio		2,578,178		2,825,551		(85,801	)		2,739,750
U.S. Small Cap Portfolio		9,163,326		8,444,123		(171,449	)		8,272,674
U.S. Micro Cap Portfolio		4,229,600		3,654,205		(52,560	)		3,601,645
U.S. High Relative Profitability Portfolio		4,222,065		1,676,751		(76,518	)		1,600,233
DFA Real Estate Securities Portfolio		6,277,406		5,380,112		(261,671	)		5,118,441

The difference between GAAP-basis and tax-basis unrealized gains (losses) can occur as a result of wash sales and net mark to market gains (losses) on regulated futures contracts, net mark-to-market gain/loss on foreign currency contracts, and differences in the tax treatment of passive foreign investment company investments.

ASC 740 Accounting for Uncertainty in Income Taxes sets forth a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Management has analyzed the Portfolios’ tax positions and has concluded that no additional provision for income tax is required in the Portfolios’ financial statements. The Portfolios are not aware of any tax positions for which it is more likely than not that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Portfolios’ federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

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G. Capital Share Transactions:

The capital share transactions by class were as follows (amounts in thousands):

	Year Ended October 31, 2021						Year Ended October 31, 2020
	Amount			Shares			Amount			Shares
U.S. Targeted Value Portfolio
Class R1 Shares
Shares Issued	$	40,799			1,490		$	10,059			547
Shares Issued in Lieu of Cash Distributions		889			32			1,803			86
Shares Redeemed		(28,559	)		(1,012	)		(29,000	)		(1,447	)
Net Increase (Decrease) — Class R1 Shares	$	13,129			510		$	(17,138	)		(814	)
Class R2 Shares
Shares Issued	$	17,230			605		$	20,468			1,154
Shares Issued in Lieu of Cash Distributions		922			34			2,386			112
Shares Redeemed		(31,502	)		(1,173	)		(34,297	)		(1,677	)
Net Increase (Decrease) — Class R2 Shares	$	(13,350	)		(534	)	$	(11,443	)		(411	)
Institutional Class Shares
Shares Issued	$	2,355,064			82,989		$	2,920,310			174,640
Shares Issued in Lieu of Cash Distributions		179,495			6,573			393,081			18,926
Shares Redeemed		(4,429,257	)		(160,274	)		(3,583,956	)		(202,150	)
Net Increase (Decrease) — Institutional Class Shares	$	(1,894,698	)		(70,712	)	$	(270,565	)		(8,584	)

H. Financial Instruments:

In accordance with the Portfolios’ investment objectives and policies, the Portfolios may invest either directly or indirectly (through their investments in a corresponding Master Fund), 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. Forward Currency Contracts: The Enhanced U.S. Large Company Portfolio may acquire and sell forward currency contracts to hedge against adverse changes in the relationship of the U.S. dollar to foreign currencies (foreign exchange rate risk) or to transfer balances from one currency to another currency. The Enhanced U.S. Large Company Portfolio may hedge some or all of the currency exposure of its foreign securities by entering into forward currency contracts. The decision to hedge the Enhanced U.S. Large Company Portfolio’s currency exposure with respect to a foreign market will be based primarily on the Portfolio’s existing exposure to a given foreign currency. The Enhanced U.S. Large Company Portfolio typically hedges its foreign currency exposure. Each contract is valued daily and the change in value is recorded by the Portfolio as an unrealized gain or loss, which is presented in the Statements of Operations as the change in unrealized appreciation or depreciation of forward currency contracts. When the contract is closed or offset with the same counterparty, the Portfolio records a realized gain or loss equal to the change in the value of the contract when it was opened and the value at the time it was closed or offset. This is presented in the Statements of Operations as a net realized gain or loss on forward currency contracts. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currency relative to the U.S. dollar.

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2. Futures Contracts: Each Portfolio listed below 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 Portfolio. The Enhanced U.S. Large Company Portfolio may also use futures contracts and options thereon to hedge against securities prices or as part of its overall investment strategy. Upon entering into a futures contract, the Portfolios deposit cash or pledge 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, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Portfolio could lose more than the initial margin requirements. The Portfolios entering into stock index futures are subject 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.

Securities have been segregated as collateral for open futures contracts.

The average volume (based on the open positions at each fiscal month-end) of derivative activity for the year ended October 31, 2021 was as follows (amounts in thousands):

	Forward Currency Contracts*		Futures**
Enhanced U.S. Large Company Portfolio	$	187,675	$	407,284
U.S. Targeted Value Portfolio		—		101,890
U.S. Small Cap Value Portfolio		—		137,605
U.S. Core Equity 1 Portfolio		—		247,927
U.S. Core Equity 2 Portfolio		—		256,640
U.S. Vector Equity Portfolio		—		34,863
U.S. Small Cap Portfolio		—		114,308
U.S. Micro Cap Portfolio		—		64,981
U.S. High Relative Profitability Portfolio		—		33,519
DFA Real Estate Securities Portfolio		—		73,443

* Average amount of Currency Purchased/Sold in USD

** Average Notional Value of futures contracts

The following is a summary of the Portfolios’ derivative instrument holdings categorized by primary risk exposure as of October 31, 2021 (amounts in thousands):

	Asset Derivatives Value
	Total Value at October 31, 2021		Forward Currency Contracts (1)		Equity Contracts*,(2)
Enhanced U.S. Large Company Portfolio	$	12,725	$	40	$	12,685
U.S. Targeted Value Portfolio		2,762		—		2,762
U.S. Small Cap Value Portfolio		3,235		—		3,235
U.S. Core Equity 1 Portfolio		6,702		—		6,702
U.S. Core Equity 2 Portfolio		6,716		—		6,716

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	Asset Derivatives Value
	Total Value at October 31, 2021			Forward Currency Contracts (1)			Equity Contracts *,(2)
U.S. Vector Equity Portfolio	$	853			—		$	853
U.S. Small Cap Portfolio		5,689			—			5,689
U.S. Micro Cap Portfolio		1,870			—			1,870
U.S. High Relative Profitability Portfolio		942			—			942
DFA Real Estate Securities Portfolio		2,399			—			2,399
	Liability Derivatives Value
	Total Value at October 31, 2021			Forward Currency Contracts (3)			Equity Contracts (4)
Enhanced U.S. Large Company Portfolio	$	(2,671	)	$	(2,671	)		—
U.S. Micro Cap Portfolio		11			—		$	11

(1) Presented on Statements of Assets and Liabilities as Unrealized Gain on Forward Currency Contracts.

(2) Presented on Statements of Assets and Liabilities as Receivables or Payables: Futures Margin Variation.

(3) Presented on Statements of Assets and Liabilities as Unrealized Loss on Forward Currency Contracts.

(4) Presented on Statements of Assets and Liabilities as Receivables or Payables: Futures Margin Variation.

* Includes cumulative appreciation (depreciation) of futures contracts. Only current day’s margin variation is reported within the Statements of Assets and Liabilities.

The following is a summary of the realized and change in unrealized gains and losses from the Portfolios’ derivative instrument holdings categorized by primary risk exposure for the year ended October 31, 2021 (amounts in thousands):

	Realized Gain (Loss) on Derivatives
	Total		Forward Currency Contracts (1)			Equity Contracts (2)
Enhanced U.S. Large Company Portfolio	$	119,254	$	(2,075	)	$	121,329
U.S. Targeted Value Portfolio		31,099		—			31,099
U.S. Small Cap Value Portfolio		35,883		—			35,883
U.S. Core Equity 1 Portfolio		74,671		—			74,671
U.S. Core Equity 2 Portfolio		77,878		—			77,878
U.S. Vector Equity Portfolio		10,622		—			10,622
U.S. Small Cap Portfolio		29,482		—			29,482
U.S. Micro Cap Portfolio		16,057		—			16,057
U.S. High Relative Profitability Portfolio		10,476		—			10,476
DFA Real Estate Securities Portfolio		21,701		—			21,701

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	Change in Unrealized Appreciation (Depreciation) on Derivatives
	Total		Forward Currency Contracts (3)			Equity Contracts (4)
Enhanced U.S. Large Company Portfolio	$	26,332	$	(3,235	)	$	29,567
U.S. Targeted Value Portfolio		5,644		—			5,644
U.S. Small Cap Value Portfolio		6,558		—			6,558
U.S. Core Equity 1 Portfolio		12,449		—			12,449
U.S. Core Equity 2 Portfolio		10,410		—			10,410
U.S. Vector Equity Portfolio		1,490		—			1,490
U.S. Small Cap Portfolio		7,732		—			7,732
U.S. Micro Cap Portfolio		3,108		—			3,108
U.S. High Relative Profitability Portfolio		1,528		—			1,528
DFA Real Estate Securities Portfolio		3,785		—			3,785

(1) Presented on Statements of Operations as Net Realized Gain (Loss) on: Forward Currency Contracts.

(2) Presented on Statements of Operations as Net Realized Gain (Loss) on: Futures.

(3) Presented on Statements of Operations as Change in Unrealized Appreciation (Depreciation) of: Forward Currency Contracts.

(4) Presented on Statements of Operations as Change in Unrealized Appreciation (Depreciation) of: Futures.

Offsetting of Derivative Assets and Derivative Liabilities

In order to better define its contractual rights and to secure rights that will help the Fund mitigate its counterparty risk, the Fund entered into an International Swaps and Derivatives Association, Inc. Master Agreement (ISDA Master Agreement) or a similar agreement with certain of its derivative contract counterparties. An ISDA Master Agreement is a bilateral agreement between the Fund and a counterparty that governs over-the-counter (OTC) derivatives and forward currency contracts and typically contains, among other things, provisions in the event of a default and/or termination event and may also include collateral posting items. Under an ISDA Master Agreement, the Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and/or receivables with collateral held and/or posted, if any, and create one single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out), including the bankruptcy or insolvency of the counterparty. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset in bankruptcy, insolvency, or other events.

For financial reporting purposes, the Fund does not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statements of Assets and Liabilities.

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The following table presents the Portfolios’ gross and net amount of assets and liabilities available for offset under netting arrangements as well as any related collateral received or pledged by the Portfolios as of October 31, 2021 (amounts in thousands):

Description	Gross Amounts of Recognized Assets (a)		Net Amounts of Assets Presented in the Statements of Assets and Liabilities		Gross Amounts Not Offset in the Statements of Assets and Liabilities					Net Amount (c)		Gross Amounts of Recognized Liabilities Financial (a)		Net Amounts of Liabilities Presented in the Statements of Assets and Liabilities		Gross Amounts Not Offset in the Statements of Assets and Liabilities					Net Amount (e)
					Financial Instruments (b)			Cash Collateral Received								Financial Instruments         (d)			Cash Collateral Pledged
	Assets											Liabilities
Enhanced U.S. Large Company Portfolio
Citibank NA		—		—		—			—		—	$	26	$	26		—			—	$	26
Bank of America Corp		—		—		—			—		—		771		771		—			—		771
State Street Bank and Trust		—		—		—			—		—		1,829		1,829		—			—		1,829
Royal Bank of Canada	$	6	$	6		—			—	$	6		—		—		—			—		—
Morgan Stanley and Co. International		34		34	$	(34	)		—		—		45		45	$	(34	)		—		11
Goldman Sachs International		—		—		—			—		—		—		—		—			—		—
Total	$	40	$	40	$	(34	)		—	$	6	$	2,671	$	2,671	$	(34	)		—	$	2,637

(a) No amounts have been netted against the gross amounts recognized in the Statements of Assets and Liabilities.

(b) Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar agreements that management elects not to offset on the Statements of Assets and Liabilities.

(c) Represents the net amount due from counterparties in the event of default.

(d) Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar agreements that management elects not to offset on the Statements of Assets and Liabilities.

(e) Represents the net amount due to counterparties in the event of default.

I. Line of Credit and Interfund Lending Program:

The Fund, together with other Dimensional-advised portfolios, has entered into a $500 million uncommitted, unsecured discretionary line of credit effective April 7, 2021, with its domestic custodian bank. A line of credit with similar terms was in effect through April 7, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $500 million in the aggregate. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The agreement for the line of credit expires on April 6, 2022.

The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 2, 2021. A line of credit with similar terms was in effect through January 2, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The line of credit agreement expires on January 1, 2022.

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For the year ended October 31, 2021, borrowings by the following Portfolios under the lines of credit were as follows (amounts in thousands, except percentages and days):

	Weighted Average Interest Rate			Weighted Average Loan Balance		Number of Days Outstanding*		Interest Expense Incurred		Maximum Amount Borrowed During the Period		Outstanding Borrowings as of 10/31/2021
U.S. Large Cap Equity Portfolio		0.82	%	$	8,145		14	$	3	$	18,842		—
U.S. Small Cap Portfolio		0.84	%		21,715		14		7		56,443		—
U.S. Micro Cap Portfolio		0.84	%		6,721		5		1		9,158		—

* Number of Days Outstanding represents the total of single or consecutive days during the year ended October 31, 2021, that each Portfolio’s available line of credit was used.

Pursuant to an exemptive order issued by the SEC (the “Order”), the Portfolios may participate in an interfund lending program among certain portfolios managed by the Advisor (portfolios that operate as feeder funds do not participate in the program). The program allows the participating portfolios to borrow money from and loan money to each other for temporary or emergency purposes, subject to the conditions in the Order. A loan can only be made through the program if the interfund loan rate on that day is more favorable to both the borrowing and lending portfolios as compared to rates available through short-term bank loans or investments in overnight repurchase agreements and money market funds, respectively, as detailed in the Order. Further, a portfolio may participate in the program only if and to the extent that such participation is consistent with its investment objectives and limitations. Interfund loans have a maximum duration of seven days and may be called on one business day’s notice.

The Portfolios did not use the interfund lending program during the year ended October 31, 2021.

J. Affiliated Trades:

Cross trades for the year ended October 31, 2021, if any, were executed by the Portfolios pursuant to procedures adopted by the Board of Directors of the Fund to ensure compliance with Rule 17a-7 under the Investment Company Act of 1940 (the “1940 Act”). Cross trading is the buying or selling of portfolio securities between series of investment companies, or between a series of an investment company and another entity, that are or could be considered affiliates by virtue of having a common investment advisor (or affiliated investment advisors), common Directors and/or common Officers. At its regularly scheduled meetings, the CCO certifies to the Board that the 17a-7 transactions entered into by the Portfolios complied with the Rule 17a-7 Procedures adopted by the Board of Directors of the Fund.

For the year ended October 31, 2021, cross trades by the Portfolios under Rule 17a-7 were as follows (amounts in thousands):

Portfolio	Purchases		Sales		Realized Gain (Loss)
U.S. Large Cap Equity Portfolio	$	32,774	$	70,299	$	16,929
U.S. Targeted Value Portfolio		427,187		292,384		22,417
U.S. Small Cap Value Portfolio		663,930		486,790		78,097
U.S. Core Equity 1 Portfolio		202,522		189,754		15,708
U.S. Core Equity 2 Portfolio		144,009		279,867		36,659
U.S. Vector Equity Portfolio		62,804		177,207		56,941
U.S. Small Cap Portfolio		156,014		553,472		(59,535	)
U.S. Micro Cap Portfolio		260,590		300,711		(52,055	)
U.S. High Relative Profitability Portfolio		145,730		79,153		11,364
DFA Real Estate Securities Portfolio		2,251		74,469		7,254

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K. Securities Lending:

As of October 31, 2021, some of the Portfolios had securities on loan to brokers/dealers, for which each such Portfolio received cash collateral. In addition, the Portfolios received non-cash collateral consisting of short- and/or long-term U.S. Treasuries and U.S. government agency securities as follows (amounts in thousands):

	Non-Cash Collateral Market Value
U.S. Large Cap Equity Portfolio	$	28,797
U.S. Targeted Value Portfolio		209,063
U.S. Small Cap Value Portfolio		289,975
U.S. Core Equity 1 Portfolio		570,046
U.S. Core Equity 2 Portfolio		676,048
U.S. Vector Equity Portfolio		124,725
U.S. Small Cap Portfolio		504,899
U.S. Micro Cap Portfolio		209,192
U.S. High Relative Profitability Portfolio		139,708
DFA Real Estate Securities Portfolio		152,334

Each Portfolio invests the cash collateral, as described below, and records a liability for the return of the collateral, during the period the securities are on loan. Loans of securities are expected at all times to be secured by collateral in an amount (i) equal to at least 100% of the current market value of the loaned securities with respect to securities of the U.S. government or its agencies, (ii) generally equal to 102% of the current market value of the loaned securities with respect to U.S. securities, and (iii) generally equal to 105% of the current market value of the loaned securities with respect to foreign securities. However, daily market fluctuations could cause the Portfolio’s collateral to be lower or higher than the expected thresholds. If this were to occur, the collateral would be adjusted the next business day to ensure adequate collateralization. In the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings. If the borrower fails to return loaned securities, cash collateral being maintained by the borrower is insufficient to cover the value of loaned securities, and such collateral insufficiency is not the result of investment losses, the lending agent has agreed to pay the amount of the shortfall to the Portfolio or, at the option of the lending agent, to replace the securities. In the event of the bankruptcy of the borrower, a Portfolio could experience delay in recovering the loaned securities or only recover cash or a security of equivalent value.

Subject to their stated investment policies, each Portfolio with securities on loan will generally invest the cash collateral received for the loaned securities in the DFA Short Term Investment Fund (the “Money Market Series”), an affiliated registered money market fund advised by the Advisor for which the Advisor receives a management fee of 0.05% of the average daily net assets of the Money Market Series. Income received from the Money Market Series is netted with fees for securities lending and collateral investment expenses and with other payments to and from borrowers of securities. Each Portfolio also may invest the cash collateral received for the loaned securities in securities of the U.S. government or its agencies, repurchase agreements collateralized by securities of the U.S. government or its agencies, and affiliated or unaffiliated money market funds that are registered or unregistered. For purposes of this paragraph, agencies include both agency debentures and agency mortgage-backed securities. Additionally, each Portfolio will be able to terminate the loan at any time and will receive reasonable interest on the loan, as well as amounts equal to any dividends, interest or, other distributions on the loaned securities. However, dividend income received from loaned securities may not be eligible for taxation at qualified dividend income rates.

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The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2021 (amounts in thousands):

	Remaining Contractual Maturity of the Agreements As of October 31, 2021
	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
Securities Lending Transactions
Enhanced U.S. Large Company Portfolio
Bonds	$	3,664		—		—		—	$	3,664
U.S. Large Cap Equity Portfolio
Common Stocks		10,666		—		—		—		10,666
U.S. Targeted Value Portfolio
Common Stocks, Preferred Stocks		538,941		—		—		—		538,941
U.S. Small Cap Value Portfolio
Common Stocks, Preferred Stocks		408,339		—		—		—		408,339
U.S. Core Equity 1 Portfolio
Common Stocks, Preferred Stocks		402,328		—		—		—		402,328
U.S. Core Equity 2 Portfolio
Common Stocks, Preferred Stocks		540,968		—		—		—		540,968
U.S. Vector Equity Portfolio
Common Stocks, Preferred Stocks		134,041		—		—		—		134,041
U.S. Small Cap Portfolio
Common Stocks, Preferred Stocks, Rights/Warrants		729,816		—		—		—		729,816
U.S. Micro Cap Portfolio
Common Stocks, Preferred Stocks, Rights/Warrants		421,892		—		—		—		421,892
U.S. High Relative Profitability Portfolio
Common Stocks		6		—		—		—		6
DFA Real Estate Securities Portfolio
Common Stocks		186,319		—		—		—		186,319

L. Shareholder Servicing Fees:

The Class R1 Shares pay a shareholder servicing fee in an amount up to 0.10% and Class R2 Shares pay a shareholder servicing fee in an amount up to 0.25% of their annual average net assets to compensate service agents that provide shareholder servicing, record keeping, account maintenance and other services to investors in U. S. Targeted Value Portfolio Class R1 and Class R2 Shares.

M. Indemnitees; Contractual Obligations:

Under the Fund’s organizational documents, its Officers and Directors are indemnified against certain liabilities arising out of the performance of their duties to the Fund.

In the normal course of business, the Fund enters into contracts that contain a variety of representations and warranties that provide general indemnification. The Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Fund and/or its affiliates that have not yet occurred. However, based on experience, the Fund expects the risk of loss to be remote.

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N. In-Kind Redemptions:

During the year ended October 31, 2021, the Portfolios listed below realized net gains (losses) on in-kind redemptions as follows (amounts in thousands):

U.S. Large Cap Equity Portfolio	$	11,793
U.S. Micro Cap Portfolio	$	7,153

O. Recently Issued Accounting Standards and Regulations:

In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU No. 2021-01, with further amendments to Topic 848. The amendments in the ASUs provide optional temporary accounting recognition and financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the LIBOR and other interbank-offered based reference rates as of the end of 2021 and 2023. The ASUs are effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management has reviewed the requirements and believes the adoption of these ASUs will not have a material impact on the Portfolios’ financial statements.

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.

P. 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.

Q. Other:

As of October 31, 2021, the following number of shareholders held the following approximate percentages of the Portfolios’ outstanding shares. One or more of the shareholders may be omnibus accounts, which typically hold shares for the benefit of several other underlying investors.

100

	Number of Shareholders		Approximate Percentage of Outstanding Shares
Enhanced U.S. Large Company Portfolio-Institutional Class		4		68	%
U.S. Large Cap Equity Portfolio-Institutional Class		4		86	%
U.S. Large Cap Value Portfolio-Institutional Class		3		66	%
U.S. Targeted Value Portfolio-Class R1		2		80	%
U.S. Targeted Value Portfolio-Class R2		6		91	%
U.S. Targeted Value Portfolio-Institutional Class		3		57	%
U.S. Small Cap Value Portfolio-Institutional Class		4		74	%
U.S. Core Equity 1 Portfolio-Institutional Class		4		73	%
U.S. Core Equity 2 Portfolio-Institutional Class		5		83	%
U.S. Vector Equity Portfolio-Institutional Class		4		81	%
U.S. Small Cap Portfolio-Institutional Class		3		55	%
U.S. Micro Cap Portfolio-Institutional Class		4		78	%
U.S. High Relative Profitability Portfolio-Institutional Class		3		86	%
DFA Real Estate Securities Portfolio-Institutional Class		4		69	%

The Portfolios are subject to claims and suits that arise from time to time in the ordinary course of business (for example, ongoing claw back litigation against former shareholders of portfolio companies that filed for bankruptcy, such as The Tribune Company and Nine West). 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.

R. Subsequent Event Evaluations:

Management has evaluated the impact of all subsequent events on the Portfolios through the date on which the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements.

101

Report of Independent Registered Public Accounting Firm

To the Board of Directors of DFA Investment Dimensions Group Inc. and Shareholders of Enhanced U.S. Large Company Portfolio, U.S. Large Cap Equity Portfolio, U.S. Large Cap Value Portfolio, U.S. Targeted Value Portfolio, U.S. Small Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Core Equity 2 Portfolio, U.S. Vector Equity Portfolio, U.S. Small Cap Portfolio, U.S. Micro Cap Portfolio, U.S. High Relative Profitability Portfolio and DFA Real Estate Securities Portfolio

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the schedules of investments of Enhanced U.S. Large Company Portfolio and U.S. Large Cap Value Portfolio and summary schedules of portfolio holdings of U.S. Large Cap Equity Portfolio, U.S. Targeted Value Portfolio, U.S. Small Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Core Equity 2 Portfolio, U.S. Vector Equity Portfolio, U.S. Small Cap Portfolio, U.S. Micro Cap Portfolio, U.S. High Relative Profitability Portfolio and DFA Real Estate Securities Portfolio (twelve of the portfolios constituting DFA Investment Dimensions Group Inc., hereafter collectively referred to as the “Portfolios”) as of October 31, 2021, the related statements of operations for the year ended October 31, 2021, the statements of changes in net assets for each of the two years in the period ended October 31, 2021, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Portfolios as of October 31, 2021, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended October 31, 2021, and each of the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinions

These financial statements are the responsibility of the Portfolios’ management. Our responsibility is to express an opinion on the Portfolios’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Portfolios in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2021 by correspondence with the custodians, brokers and transfer agents of the investee funds; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 22, 2021

We have served as the auditor of one or more investment companies in Dimensional Fund Advisors L.P. investment company group since 1981.

102

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

DFA Commodity Strategy Portfolio vs.

Bloomberg Commodity Total Return Index

October 31, 2011-October 31, 2021

					Past performance is not predictive of future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Data provided by Bloomberg Finance L.P.
	Average Annual Total Return	One Year	Five Years	Ten Years
		45.67%	5.87%	-1.86%

103

MANAGEMENT’S DISCUSSION AND ANALYSIS

Commodity Market Review 12 Months Ended October 31, 2021

For the 12 months ended October 31, 2021, the Bloomberg Commodity Index Total Return returned 43.94%. Energy, agriculture, industrial metals, and livestock returned 83.49%, 43.29%, 39.07%, and 8.64%, respectively. Precious metals was the only sector with negative returns for the period, with a return of -4.60%.

DFA Commodity Strategy Portfolio

The DFA Commodity Strategy Portfolio seeks total return consisting of capital appreciation and current income. The Portfolio generally invests in commodity-linked derivative instruments and fixed income investments. The Portfolio, through its wholly owned subsidiary, Dimensional Cayman Commodity Fund I LTD, gains exposure to commodities markets by investing in derivative instruments such as commodity swap contracts, commodity futures, and other commodity-linked instruments. In pursuing the fixed income portion of the Portfolio’s investment strategy, Dimensional identifies a broadly diversified universe of eligible U.S. and foreign fixed income securities with defined maturity ranges and credit quality characteristics and then seeks to purchase a broad and diverse portfolio of securities meeting these aforementioned standards. The investment strategy uses a variable maturity approach and shifts maturities based on changes in the yield curve. The strategy uses current yields and identifies favorable maturity ranges of expected returns based on potential buy and sell strategies. The weighted average duration of the Portfolio’s fixed income securities was 1.89 years as of October 31, 2021, compared to 0.63 year as of October 31, 2020.

For the 12 months ended October 31, 2021, total returns were 45.67% for the Portfolio and 43.94% for the Bloomberg Commodity Index Total Return. The late rebalance, pre-roll, and varying the commodity weights relative to the benchmark contributed positively to relative performance. The collateral component and varying the expirations of the individual commodity contracts detracted from performance relative to the benchmark. The collateral component of the Portfolio had a longer duration than the three-month U.S. Treasury bill rate payable in the commodity swap contracts. As such, the Portfolio’s longer duration detracted from performance relative to the benchmark as longer duration securities generally underperformed shorter duration securities during the period.

104

DFA INVESTMENT DIMENSIONS GROUP INC.

DFA COMMODITY STRATEGY PORTFOLIO

CONSOLIDATED DISCLOSURE OF FUND EXPENSES

(Unaudited)

The following Expense Table is shown so that you can understand the impact of fees on your investment. All mutual funds have operating expenses. As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports, among others. Operating expenses and legal and audit services, which are deducted from a fund’s gross income, directly reduce the investment return of the fund. A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs, in dollars, of investing in the fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.

The Expense Table below illustrates your fund’s costs in two ways.

Actual Fund Return

This section helps you to estimate the actual expenses after fee waivers that you paid over the period. The “Ending Account Value” shown is derived from the fund’s actual return, and “Expenses Paid During Period” reflects the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.

To do so, simply divide your account value by $1,000 (for example, a $7,500 account value divided by $1,000 = 7.5), then multiply the result by the number given for your fund under the heading “Expenses Paid During Period.”

Hypothetical Example for Comparison Purposes

This section is intended to help you compare your fund’s costs with those of other mutual funds. The hypothetical “Ending Account Value” and “Expenses Paid During Period” are derived from the fund’s actual expense ratio and an assumed 5% annual return before expenses. In this case, because the return used is not the fund’s actual return, the results do not apply to your investment. The example is useful in making comparisons because the SEC requires all mutual funds to calculate expenses based on a 5% annual return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.

Please note that the expenses shown in the table is meant to highlight and help you compare ongoing costs only and do not reflect any transactional costs, if applicable. The “Annualized Expense Ratio” represents the actual expenses for the six-month period indicated.

Six Months Ended October 31, 2021

EXPENSE TABLE

	Beginning Account Value 05/01/21		Ending Account Value 10/31/21		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
DFA Commodity Strategy Portfolio
Actual Fund Return	$	1,000.00	$	1,154.20		0.32	%	$	1.74

105

CONSOLIDATED DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning Account Value 05/01/21		Ending Account Value 10/31/21		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.59		0.32	%	$	1.63

(1) DFA Commodity Strategy Portfolio wholly owns Dimensional Cayman Commodity Fund I, LTD. The expenses shown reflect the consolidated expenses of Dimensional Cayman Commodity Fund I, LTD. and DFA Commodity Strategy Portfolio. Expenses are equal to the fund’s annualized expense ratio for the six-month period, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period (184), then divided by the number of days in the year (365) to reflect the six-month period.

106

DFA INVESTMENT DIMENSIONS GROUP INC.

DFA COMMODITY STRATEGY PORTFOLIO

CONSOLIDATED DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

The SEC requires that all funds file a complete Schedule of Investments with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. For DFA Investment Dimensions Group Inc., this would be for the fiscal quarters ending January 31 and July 31. Such Form N-PORT filing must be made within 60 days of the end of the quarter. DFA Investment Dimensions Group Inc. filed its most recent Form N-PORT with the SEC on September 24, 2021. They are available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

PORTFOLIO HOLDINGS

The SEC requires that all funds present their categories of portfolio holdings in a table, chart, or graph format in their annual and semi-annual shareholder reports, whether or not a Schedule of Investments is used. The following table, which presents portfolio holdings as a percentage of total investments before short-term investments and collateral for loaned securities, is provided in compliance with this requirement. The categories shown below represent broad industry sectors. Each industry sector consists of one or more specific industry classifications.

DFA Commodity Strategy Portfolio
Basic Materials	0.8	%
Communications	1.0	%
Consumer, Cyclical	2.7	%
Consumer, Non-cyclical	2.9	%
Energy	4.0	%
Financial	22.6	%
Foreign Government	11.4	%
Industrial	2.3	%
Supranational	2.3	%
Technology	1.8	%
U.S. Government	46.8	%
Utilities	1.4	%
	100.0	%

107

DFA COMMODITY STRATEGY PORTFOLIO

CONSOLIDATED SCHEDULE OF INVESTMENTS

October 31, 2021

	Face Amount^		Value†
	(000)
BONDS — (53.1%)
AUSTRALIA — (1.3%)
Australia & New Zealand Banking Group Ltd., Floating Rate Note, 3M USD LIBOR + 0.870%, FRN
(r)W 1.001%, 11/23/21		2,000	$	2,000,926
Glencore Funding LLC
W  4.125%, 03/12/24		2,225		2,363,767
W  4.625%, 04/29/24		5,600		6,043,997
New South Wales Treasury Corp.
5.000%, 08/20/24	AUD	13,500		11,173,473
TOTAL AUSTRALIA				21,582,163
AUSTRIA — (0.1%)
Oesterreichische Kontrollbank AG
0.500%, 09/16/24		1,500		1,485,405
CANADA — (13.9%)
Bank of Montreal, Floating Rate Note
(r)   SOFR + 0.350%, FRN,
0.399%, 12/08/23		7,525		7,542,533
(r)   SOFR + 0.320%, FRN,
0.369%, 07/09/24		2,000		2,004,890
Bank of Nova Scotia
1.900%, 12/02/21	CAD	2,500		2,022,624
1.830%, 04/27/22	CAD	17,000		13,827,885
Bank of Nova Scotia, Floating Rate Note, SOFR +
0.380%, FRN
(r)   0.430%, 07/31/24		1,000		1,001,370
Canada Housing Trust No 1, Floating Rate Note, 3M CDOR + 0.100%, FRN
(r)W 0.550%, 09/15/22	CAD	10,000		8,105,608
Canadian Government Bond
2.250%, 03/01/24	CAD	24,000		19,891,338
Canadian Imperial Bank of Commerce
2.040%, 03/21/22	CAD	25,000		20,328,256
Canadian Imperial Bank of Commerce, Floating Rate Note, SOFR + 0.400%, FRN
(r)   0.449%, 12/14/23		3,000		3,008,060

	Face Amount^		Value†
	(000)
CANADA — (Continued)
Canadian Natural Resources Ltd.
2.950%, 01/15/23		750	$	768,065
Enbridge, Inc.
4.000%, 10/01/23		7,000		7,361,943
Hydro-Quebec, Floating Rate Note, 3M CDOR + 0.200%, FRN
(r)   0.658%, 04/14/23	CAD	480		390,271
ITC Holdings Corp.
3.650%, 06/15/24		9,000		9,522,521
National Bank of Canada
2.100%, 02/01/23		2,500		2,545,618
#   0.750%, 08/06/24		9,350		9,279,362
Nutrien Ltd.
3.625%, 03/15/24		3,300		3,485,512
Province of Ontario Canada
3.500%, 06/02/24	CAD	35,000		29,805,995
Province of Quebec Canada
2.250%, 02/22/24	CAD	9,000		7,441,435
Royal Bank of Canada
2.333%, 12/05/23	CAD	30,000		24,731,335
Royal Bank of Canada, Floating Rate Note
(r)   SOFR + 0.300%, FRN,
0.349%, 01/19/24		1,950		1,952,184
(r) SOFR + 0.360%, FRN,
0.410%, 07/29/24		7,750		7,767,205
Suncor Energy, Inc.
#   2.800%, 05/15/23		6,900		7,106,463
Thomson Reuters Corp.
3.850%, 09/29/24		3,000		3,208,730
Toronto-Dominion Bank
2.850%, 03/08/24	CAD	35,000		29,091,629
0.700%, 09/10/24		4,500		4,465,543
Toronto-Dominion Bank, Floating Rate Note, SOFR + 0.240%, FRN
(r)   0.289%, 01/06/23		3,296		3,299,070
TOTAL CANADA				229,955,445
DENMARK — (0.6%)
Danske Bank AS
W  5.000%, 01/12/22		784		790,621
W  2.700%, 03/02/22		1,000		1,007,507
W  5.375%, 01/12/24		6,132		6,677,034
5.375%, 01/12/24		1,000		1,088,883
TOTAL DENMARK				9,564,045

108

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED

	Face Amount^		Value†
	(000)
FRANCE — (1.3%)
BNP Paribas SA
W  2.950%, 05/23/22		2,000	$	2,027,983
Credit Agricole SA
W  3.375%, 01/10/22		1,620		1,629,344
3.250%, 10/04/24		5,000		5,287,878
Societe Generale SA
W  3.250%, 01/12/22		1,000		1,005,696
W  3.875%, 03/28/24		10,500		11,148,857
TOTAL FRANCE				21,099,758
GERMANY — (2.5%)
Bayer U.S. Finance II LLC
W  3.875%, 12/15/23		3,500		3,695,049
BMW U.S. Capital LLC, Floating Rate Note, SOFR + 0.530%, FRN
(r)W 0.579%, 04/01/24		8,000		8,068,032
Daimler Finance North America LLC
W  2.550%, 08/15/22		1,100		1,118,343
Deutsche Bank AG
#   3.950%, 02/27/23		1,695		1,761,224
Kreditanstalt fuer Wiederaufbau
1.250%, 08/28/23	NOK	45,000		5,320,993
1.625%, 04/03/24	NOK	66,860		7,937,345
1.500%, 07/24/24	AUD	8,800		6,633,161
NRW Bank
1.600%, 07/31/24	AUD	4,000		3,007,971
Volkswagen Group of America Finance LLC
W  4.000%, 11/12/21		850		850,862
W  2.700%, 09/26/22		4,000		4,078,435
TOTAL GERMANY				42,471,415
IRELAND — (0.5%)
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
#   4.875%, 01/16/24		7,500		8,072,099
ITALY — (0.5%)
Republic of Italy Government International Bond
0.875%, 05/06/24		8,000		7,922,704
JAPAN — (1.0%)
American Honda Finance Corp.
1.950%, 05/20/22		1,500		1,513,241
Mizuho Financial Group, Inc.
2.953%, 02/28/22		500		504,143
2.601%, 09/11/22		2,173		2,213,039

	Face Amount^		Value†
	(000)
JAPAN — (Continued)
Nissan Motor Co. Ltd.
#   3.043%, 09/15/23		3,801	$	3,930,762
Sumitomo Mitsui Financial Group, Inc.
2.696%, 07/16/24		8,500		8,858,521
TOTAL JAPAN				17,019,706
NETHERLANDS — (1.5%)
Cooperatieve Rabobank UA
W  2.625%, 07/22/24		6,940		7,235,074
Cooperatieve Rabobank UA, Floating Rate Note, SOFR + 0.300%, FRN
(r)   0.349%, 01/12/24		6,700		6,719,089
ING Groep NV
3.550%, 04/09/24		5,000		5,309,855
ING Groep NV, Floating Rate Note, 3M USD LIBOR + 1.150%, FRN
(r)   1.282%, 03/29/22		400		401,942
Nederlandse Waterschapsbank NV, Floating Rate Note, 3M USD LIBOR + 0.070%, FRN
(r)W 0.186%, 12/15/21		5,000		5,000,531
TOTAL NETHERLANDS				24,666,491
NEW ZEALAND — (2.5%)
New Zealand Government Bond
0.500%, 05/15/24	NZD	57,900		39,901,190
New Zealand Local Government Funding Agency Bond
2.250%, 04/15/24	NZD	1,500		1,069,351
TOTAL NEW ZEALAND				40,970,541
NORWAY — (2.0%)
Norway Government Bond
W  3.000%, 03/14/24	NOK	270,000		33,158,169
SPAIN — (0.1%)
Santander Holdings USA, Inc.
3.400%, 01/18/23		2,000		2,058,252
SUPRANATIONAL ORGANIZATION OBLIGATIONS — (2.2%)
Asian Development Bank
1.100%, 08/15/24	AUD	6,200		4,625,800

109

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED

	Face Amount^		Value†
	(000)
SUPRANATIONAL ORGANIZATION OBLIGATIONS — (Continued)
European Bank for Reconstruction & Development, Floating Rate Note, SOFR + 0.260%, FRN
(r)   0.309%, 08/19/22		1,500	$	1,502,430
European Investment Bank
1.500%, 01/26/24	NOK	119,170		14,124,859
Inter-American Development Bank
4.750%, 08/27/24	AUD	1,000		820,615
International Bank for Reconstruction & Development, Floating Rate Note, SOFR + 0.130%, FRN
(r)   0.179%, 01/13/23		8,700		8,706,351
NordicInvestment Bank
0.375%, 09/20/24		7,550		7,455,103
TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS				37,235,158
SWEDEN — (3.4%)
Skandinaviska Enskilda Banken AB
W  0.650%, 09/09/24		26,136		25,866,276
Svensk Exportkredit AB
0.625%, 10/07/24		10,600		10,521,170
Svensk Exportkredit AB, Floating Rate Note, SOFR + 1.000%, FRN
(r)   1.049%, 05/25/23		19,115		19,378,748
TOTAL SWEDEN				55,766,194
SWITZERLAND — (1.1%)
Credit Suisse AG
3.625%, 09/09/24		6,560		7,012,849
UBS AG, Floating Rate Note, SOFR + 0.360%, FRN
(r)W 0.409%, 02/09/24		11,000		11,027,720
TOTAL SWITZERLAND				18,040,569
UNITED KINGDOM — (1.4%)
CNH Industrial Capital LLC
4.375%, 04/05/22		1,360		1,380,587
1.950%, 07/02/23		4,000		4,073,365
HSBC Holdings PLC
3.600%, 05/25/23		3,200		3,344,751

	Face Amount^		Value†
	(000)
UNITED KINGDOM — (Continued)
Lloyds Banking Group PLC
3.000%, 01/11/22		5,400	$	5,427,617
NatWest Markets PLC
W  2.375%, 05/21/23		2,900		2,974,895
W  0.800%, 08/12/24		5,500		5,446,492
TOTAL UNITED KINGDOM				22,647,707
UNITED STATES — (17.2%)
AbbVie, Inc.
2.900%, 11/06/22		6,500		6,647,736
Aetna, Inc.
2.750%, 11/15/22		886		901,273
Air Lease Corp.
2.250%, 01/15/23		2,414		2,456,489
Ally Financial, Inc.
5.125%, 09/30/24		5,000		5,554,132
American Express Co.
2.500%, 08/01/22		3,569		3,617,198
Ares Capital Corp.
4.200%, 06/10/24		7,000		7,451,894
Baker Hughes a GE Co. LLC/Baker Hughes Co-Obligor, Inc.
2.773%, 12/15/22		6,000		6,134,509
Bank of America Corp.
3.300%, 01/11/23		5,000		5,166,476
Boeing Co.
2.200%, 10/30/22		3,500		3,540,094
2.800%, 03/01/23		4,000		4,093,170
Boston Scientific Corp.
#   3.450%, 03/01/24		2,000		2,109,213
Broadcom Corp./Broadcom Cayman Finance Ltd.
3.625%, 01/15/24		8,000		8,423,166
Bunge Ltd. Finance Corp.
3.000%, 09/25/22		2,000		2,040,704
4.350%, 03/15/24		5,000		5,372,654
Cardinal Health, Inc.
3.079%, 06/15/24		9,750		10,231,130
CenterPoint Energy, Inc.
3.850%, 02/01/24		2,000		2,114,520
Charles Schwab Corp., Floating Rate Note, SOFR + 0.500%, FRN
(r)   0.549%, 03/18/24		3,073		3,084,610
CignaCorp.
3.750%, 07/15/23		1,163		1,220,489
Citigroup, Inc.
4.500%, 01/14/22		195		196,560
Discovery Communications LLC
3.800%, 03/13/24		8,000		8,484,484

110

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CONTINUED

	Face Amount^		Value†
	(000)
UNITED STATES — (Continued)
Dollar Tree, Inc.
3.700%, 05/15/23		7,278	$	7,586,489
Eastman Chemical Co.
3.500%, 12/01/21		400		400,967
eBay, Inc.
2.750%, 01/30/23		3,800		3,894,307
Edison International
2.400%, 09/15/22		2,400		2,429,652
2.950%, 03/15/23		1,522		1,553,317
Energy Transfer LP/Regency Energy Finance Corp.
4.500%, 11/01/23		9,000		9,521,397
General Motors Financial Co., Inc.
3.550%, 07/08/22		1,088		1,110,282
3.250%, 01/05/23		4,350		4,467,910
5.100%, 01/17/24		2,000		2,160,076
Global Payments, Inc.
3.750%, 06/01/23		4,000		4,156,681
Goldman Sachs Group, Inc.
5.750%, 01/24/22		1,000		1,012,414
3.625%, 01/22/23		1,503		1,557,971
#   3.200%, 02/23/23		4,500		4,635,896
Harley-Davidson Financial Services, Inc.
W  3.350%, 02/15/23		1,200		1,233,969
Hewlett Packard Enterprise Co.
#*   1.450%, 04/01/24		10,000		10,105,522
JPMorgan Chase & Co.
3.250%, 09/23/22		4,112		4,218,469
Kinder Morgan Energy Partners LP
#   3.950%, 09/01/22		2,120		2,162,843
Kinder Morgan, Inc.
W  5.625%, 11/15/23		4,336		4,688,464
Kroger Co.
2.950%, 11/01/21		1,771		1,771,000
LyondellBasell Industries NV
5.750%, 04/15/24		1,200		1,322,957
Marathon Petroleum Corp.
4.500%, 05/01/23		5,670		5,956,048
3.625%, 09/15/24		5,000		5,323,651
Micron Technology, Inc.
2.497%, 04/24/23		7,100		7,295,598
Morgan Stanley
3.125%, 01/23/23		7,700		7,939,658
3.875%, 04/29/24		2,832		3,024,228
Mylan, Inc.
W  3.125%, 01/15/23		5,000		5,142,368

	Face Amount^		Value†
	(000)
UNITED STATES — (Continued)
NextEra Energy Capital Holdings, Inc., Floating Rate Note, SOFR + 0.540%, FRN
(r)   0.589%, 03/01/23		7,000	$	7,027,300
Penske Truck Leasing Co. LP/PTL Finance Corp.
W  4.250%, 01/17/23		4,000		4,166,374
W  4.125%, 08/01/23		2,022		2,127,695
Philip Morris International, Inc.
2.900%, 11/15/21		5,159		5,164,005
Raytheon Technologies Corp.
#   3.200%, 03/15/24		4,040		4,246,324
Ryder System, Inc.
#   3.650%, 03/18/24		8,033		8,531,241
Santander Holdings USA, Inc.
3.500%, 06/07/24		4,000		4,223,530
Simon Property Group LP
2.000%, 09/13/24		7,937		8,144,654
Southwest Airlines Co.
4.750%, 05/04/23		4,750		5,026,429
Stellantis NV
5.250%, 04/15/23		7,040		7,481,830
Unum Group
4.000%, 03/15/24		1,119		1,191,002
Valero Energy Corp.
2.700%, 04/15/23		6,000		6,170,412
1.200%, 03/15/24		2,000		2,000,555
Verizon Communications, Inc., Floating Rate Note, SOFR + 0.500%, FRN
(r)   0.549%, 03/22/24		811		814,909
VMware, Inc.
2.950%, 08/21/22		4,000		4,067,060
Waste Management, Inc.
2.400%, 05/15/23		2,207		2,262,232
Wells Fargo & Co.
#   3.300%, 09/09/24		10,000		10,640,960
Williams Cos., Inc.
3.350%, 08/15/22		995		1,009,253
3.700%, 01/15/23		7,000		7,198,021
TOTAL UNITED STATES				285,006,421
TOTAL BONDS				878,722,242
U.S. TREASURY OBLIGATIONS — (46.6%)
U.S. Treasury Notes
0.250%, 03/15/24		17,000		16,850,586
2.125%, 03/31/24		110,000		113,897,266
~   0.375%, 04/15/24		226,000		224,455,078
«   0.250%, 05/15/24		32,000		31,663,750

111

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED

		Face Amount^		Value†
		(000)
~	0.250%, 06/15/24		48,000	$	47,443,125
~	0.375%, 08/15/24		158,000		156,518,750
	0.375%, 09/15/24		42,000		41,573,437
U.S. Treasury Notes, Floating Rate Note
(r)	3M USTMMR + 0.034%, FRN, 0.089%, 04/30/23		44,000		44,002,697
(r)	3M USTMMR + 0.029%, FRN, 0.084%, 07/31/23		95,000		94,998,314
TOTAL U.S. TREASURY OBLIGATIONS					771,403,003
TOTAL INVESTMENT SECURITIES (Cost $1,658,796,532)					1,650,125,245

	Shares		Value†
SECURITIES LENDING COLLATERAL — (0.3%)
@§ The DFA Short Term
Investment Fund		366,180	$	4,236,703
TOTAL INVESTMENTS — (100.0%)
(Cost $1,663,033,196)			$	1,654,361,948

As of October 31, 2021, DFA Commodity Strategy Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying consolidated financial statements:

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Foreign Exchange Appreciation (Depreciation)
USD	6,979,624	NZD	9,691,244	Bank of America Corp.	11/10/21	$	35,559
NZD	563,698	USD	403,078	Goldman Sachs International	11/10/21		829
AUD	487,818	USD	366,575	Bank of America Corp.	01/19/22		474
USD	64,523,840	CAD	79,620,954	HSBC Bank	01/20/22		180,132
	Total Appreciation					$	216,994
USD	2,428,602	NZD	3,399,565	Australia & New Zealand Banking Group Ltd.	11/10/21	$	(7,288	)
USD	6,322,231	NZD	8,827,750	Citibank NA	11/10/21		(3,114	)
USD	4,526,374	NZD	6,335,559	JP Morgan	11/10/21		(13,243	)
USD	20,616,993	NZD	29,491,447	State Street Bank and Trust	11/10/21		(514,507	)
USD	61,218,571	NOK	523,581,075	Bank of America Corp.	01/07/22		(724,126	)
USD	95,045,504	CAD	117,626,690	HSBC Bank	01/13/22		(13,849	)
CAD	3,341,053	USD	2,707,486	Morgan Stanley and Co. International	01/13/22		(7,433	)
USD	6,795,842	AUD	9,042,636	Bank of America Corp.	01/19/22		(8,109	)
USD	8,520,447	AUD	11,386,892	BNY Mellon	01/19/22		(47,393	)
USD	11,505,195	AUD	15,449,869	State Street Bank and Trust	01/19/22		(119,750	)
	Total (Depreciation)					$	(1,458,812	)
	Total Appreciation (Depreciation)					$	(1,241,818	)

112

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED

As of October 31, 2021, DFA Commodity Strategy 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:
CBOT Corn Futures		200			03/14/22	$	5,686,161		$	5,762,500		$	76,339
CBOT Soybean Futures		76			01/14/22		4,916,879			4,748,100			(168,779	)
CBOT Soybean Meal Futures		74			01/14/22		2,531,028			2,444,960			(86,068	)
CBOT Soybean Oil Futures		108			01/14/22		3,763,141			3,956,040			192,899
CBOT Wheat Futures		80			03/14/22		3,090,138			3,140,000			49,862
CME Lean Hogs Futures		55			02/14/22		1,639,110			1,730,850			91,740
CME Live Cattle Futures		74			02/28/22		4,023,009			3,973,060			(49,949	)
COMEX Copper Futures		52			03/29/22		5,685,839			5,642,000			(43,839	)
COMEX Gold 100 Troy Oz. Futures		68			12/29/21		12,303,515			12,130,520			(172,995	)
COMEX Silver Futures		28			03/29/22		3,358,548			3,358,880			332
Gasoline RBOB Futures		31			12/31/21		2,735,338			3,018,296			282,958
ICE Brent Crude Oil Futures		112			01/31/22		9,228,100			9,120,160			(107,940	)
ICE Gasoil Futures		53			01/12/22		3,475,603			3,735,175			259,572
KCBT Hard Red Winter Wheat Future		46			03/14/22		1,800,452			1,814,700			14,248
LME Nickel Futures		27			01/17/22		2,908,508			3,152,682			244,174
LME Nickel Futures		28			11/15/21		3,307,332			3,280,368			(26,964	)
LME Primary Aluminium Futures		91			11/15/21		6,017,523			6,170,369			152,846
LME Primary Aluminum Futures		88			01/17/22		6,292,947			5,979,600			(313,347	)
LME Zinc Futures		50			11/15/21		3,738,201			4,302,813			564,612
LME Zinc Futures		48			01/17/22		3,605,916			4,062,300			456,384
NYBOT CSC ’C’ Coffee Futures		53			03/21/22		4,058,990			4,107,168			48,178
Nybot Csc No. 11 World Sugar Futures		151			02/28/22		3,323,757			3,258,942			(64,815	)
NYBOT CTN No. 2 Cotton Futures		34			03/09/22		1,844,877			1,890,740			45,863
NYMEX Henry Hub Natural Gas Futures		266			12/29/21		16,244,450			14,707,140			(1,537,310	)
NYMEX Light Sweet Crude Oil Future		142			12/20/21		10,550,577			11,612,760			1,062,183
NYMEX NY Harbor ULSD Futures		29			12/31/21		2,785,653			2,998,838			213,185
Total						$	128,915,592		$	130,098,961		$	1,183,369
Short Position contracts:
Lme Nickel Future Nov21 Xlme 20211115		(28	)		11/15/21		(3,025,821	)		(3,280,368	)		(254,547	)
LME Nickel Futures		(5	)		01/17/22		(586,627	)		(583,830	)		2,797
Lme Pri Alum Futr Nov21 Xlme 20211115		(91	)		11/15/21		(6,504,940	)		(6,170,369	)		334,571
LME Primary Aluminum Futures.		(15	)		01/17/22		(1,028,557	)		(1,019,250	)		9,307
Lme Zinc Future Nov21 Xlme 20211115		(50	)		11/15/21		(3,750,174	)		(4,302,812	)		(552,638	)
LME Zinc Futures		(8	)		01/17/22		(673,364	)		(677,050	)		(3,686	)
Total.						$	(15,569,483	)	$	(16,033,679	)	$	(464,196	)
Total Futures Contracts						$	113,346,109		$	114,065,282		$	719,173

As of October 31, 2021, DFA Commodity Strategy Portfolio had entered into the following outstanding Total Return Swaps:

Reference Entity*

Counterparty

Notional Amount

Payments received (paid) by the Fund**

Expiration Date

Upfront Premiums Paid

Upfront Premiums Received

Market Value

Unrealized Appreciation (Depreciation)

BofA Merrill Lynch Commodity MLBXPPDM Total Return Index (1)

Bank of America Corp.

USD

202,469,022

3 Month USD UST 13-Week Bill High Discount Rate plus 0.14%

12/22/21

—

—

$

(4,766,246

)

$

(4,766,246

)

113

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CONTINUED

Reference Entity*	Counterparty	Notional Amount			Payments received (paid) by the Fund**	Expiration Date		Upfront Premiums Paid		Upfront Premiums Received		Market Value			Unrealized Appreciation (Depreciation)
BofA Merrill Lynch Total Return Index (2)	Bank of America Corp.		USD	223,257,314	3 Month USD UST 13-Week Bill High Discount Rate plus 0.19%		12/22/21		—		—	$	(5,877,426	)	$	(5,877,426	)
Citi Commodities Pre-Roll RS Total Return Index (3)	Citibank NA		USD	266,325,750	3 Month USD UST 13-Week Bill High Discount Rate plus 0.18%		12/19/21		—		—		(1,356,470	)		(1,356,470	)
Citi Custom CIVICS H Total Return Index (4)	Citibank NA		USD	123,867,221	3 Month USD UST 13-Week Bill High Discount Rate plus 0.14%		12/19/21		—		—		(485,097	)		(485,097	)
Credit Suisse Custom 141 Total Return Index (5)	Credit Suisse		USD	228,499,431	3 Month USD UST 13-Week Bill High Discount Rate plus 0.18%		11/21/21		—		—		(5,564,219	)		(5,564,219	)
Credit Suisse Custom 57 Total Return Index (6)	Credit Suisse		USD	193,538,687	3 Month USD UST 13-Week Bill High Discount Rate plus 0.14%		11/21/21		—		—		(4,265,692	)		(4,265,692	)
UBS UBSIB190 Custom Strategy (7)	UBS AG		USD	442,441,240	3 Month USD UST 13-Week Bill High Discount Rate plus 0.14%		01/29/22		—		—		(7,297,688	)		(7,297,688	)
Total									—		—	$	(29,612,838	)	$	(29,612,838	)

* Portfolio receives the price appreciation of the reference entity at maturity.

** Payments received (paid) by the Fund are exchanged at maturity.

(1) The following table represents the individual positions within the Total Return Swap as of October 31, 2021:

Referenced Commodity — Long Position

Futures Contract	% of Index			Notional Amount
CBOT Soybean Oil Futures		4.02	%	$	8,115,132
CBOT Corn Futures		6.70	%		13,571,077
NYMEX Light Sweet Crude Oil Futures		8.95	%		18,116,355
ICE Brent Crude Oil Futures		7.30	%		14,784,897
NYBOT CTN No. 2 Cotton Futures		1.47	%		2,974,393
COMEX Gold 100 Troy Oz. Futures		11.92	%		24,143,724
COMEX Copper Futures		5.74	%		11,622,163
NYMEX NY Harbor ULSD Futures		2.29	%		4,639,479
NYBOT CSC ‘C’ Coffee Futures		2.81	%		5,697,531
KCBT Hard Red Winter Wheat Futures		1.63	%		3,292,281
LME Primary Aluminum Futures		4.37	%		8,842,403
CME Live Cattle Futures		3.49	%		7,073,610
CME Lean Hogs Futures		2.40	%		4,863,400
LME Nickel Futures		2.33	%		4,724,117

114

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED

Futures Contract	% of Index			Notional Amount
LME Zinc Futures		2.90	%		5,872,124
NYMEX Henry Hub Natural Gas Futures		7.86	%		15,922,307
ICE Gasoil Futures		2.82	%		5,705,862
CBOT Soybean Futures		5.80	%		11,738,695
NYBOT CSC No. 11 World Sugar Futures		2.86	%		5,795,277
COMEX Silver Futures		3.64	%		7,365,434
CBOT Soybean Meal Futures		3.12	%		6,324,026
CBOT Wheat Futures		2.91	%		5,882,956
NYMEX Reformulated Gasoline Blend Futures		2.67	%		5,401,779
Total Notional Amount				$	202,469,022

(2) The following table represents the individual positions within the Total Return Swap as of October 31, 2021:

Referenced Commodity — Long Position

Futures Contract	% of Index			Notional Amount
CBOT Soybean Oil Futures		4.87	%	$	10,901,478
CBOT Corn Futures		7.89	%		17,618,225
NYMEX Light Sweet Crude Oil Futures		9.03	%		20,158,106
ICE Brent Crude Oil Futures		7.52	%		16,784,684
NYBOT CTN No. 2 Cotton Futures		1.81	%		4,034,509
COMEX Gold 100 Troy Oz. Futures		9.67	%		21,596,026
COMEX Copper Futures		5.83	%		13,005,310
NYMEX NY Harbor ULSD Futures		1.86	%		4,144,921
NYBOT CSC ‘C’ Coffee Futures		2.28	%		5,101,141
KCBT Hard Red Winter Wheat Futures		1.31	%		2,931,194
LME Primary Aluminum Futures		4.43	%		9,890,074
CME Live Cattle Futures		2.81	%		6,273,949
CME Lean Hogs Futures		2.92	%		6,528,589
LME Nickel Futures		1.89	%		4,220,849
LME Zinc Futures		2.35	%		5,256,179
NYMEX Henry Hub Natural Gas Futures		7.93	%		17,696,545
ICE Gasoil Futures		2.86	%		6,375,161
CBOT Soybean Futures		6.97	%		15,561,397
NYBOT CSC No. 11 World Sugar Futures		2.90	%		6,472,448
COMEX Silver Futures		2.96	%		6,599,478
CBOT Soybean Meal Futures		3.74	%		8,341,770
CBOT Wheat Futures		2.94	%		6,558,763
NYMEX Reformulated Gasoline Blend Futures		3.23	%		7,206,518
Total Notional Amount				$	223,257,314

(3) The following table represents the individual positions within the Total Return Swap as of October 31, 2021:

Referenced Commodity — Long Position

Futures Contract	% of Index			Notional Amount
CBOT Soybean Oil Futures		4.87	%	$	13,004,477
CBOT Corn Futures		7.89	%		21,016,947
NYMEX Light Sweet Crude Oil Futures		9.03	%		24,046,794
ICE Brent Crude Oil Futures		7.52	%		20,022,607
NYBOT CTN No. 2 Cotton Futures		1.81	%		4,812,804
COMEX Gold 100 Troy Oz. Futures		9.67	%		25,762,102

115

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED

Futures Contract	% of Index			Notional Amount
COMEX Copper Futures		5.83	%		15,514,156
NYMEX NY Harbor ULSD Futures		1.86	%		4,944,515
NYBOT CSC ‘C’ Coffee Futures		2.28	%		6,085,199
KCBT Hard Red Winter Wheat Futures		1.31	%		3,496,649
LME Primary Aluminum Futures		4.43	%		11,797,963
CME Live Cattle Futures		2.81	%		7,484,252
CME Lean Hogs Futures		2.92	%		7,788,015
LME Nickel Futures		1.89	%		5,035,091
LME Zinc Futures		2.35	%		6,270,146
NYMEX Henry Hub Natural Gas Futures		7.93	%		21,110,375
ICE Gasoil Futures		2.86	%		7,604,989
CBOT Soybean Futures		6.97	%		18,563,337
NYBOT CSC No. 11 World Sugar Futures		2.90	%		7,721,044
COMEX Silver Futures		2.96	%		7,872,579
CBOT Soybean Meal Futures		3.74	%		9,950,976
CBOT Wheat Futures		2.94	%		7,824,010
NYMEX Reformulated Gasoline Blend Futures		3.23	%		8,596,723
Total Notional Amount				$	266,325,750

(4) The following table represents the individual positions within the Total Return Swap as of October 31, 2021:

Referenced Commodity — Long Position

Futures Contract	% of Index			Notional Amount
CBOT Soybean Oil Futures		4.02	%	$	4,964,703
CBOT Corn Futures		6.70	%		8,302,562
NYMEX Light Sweet Crude Oil Futures		8.95	%		11,083,288
ICE Brent Crude Oil Futures		7.30	%		9,045,157
NYBOT CTN No. 2 Cotton Futures		1.47	%		1,819,685
COMEX Gold 100 Troy Oz. Futures		11.92	%		14,770,734
COMEX Copper Futures		5.74	%		7,110,249
NYMEX NY Harbor ULSD Futures		2.29	%		2,838,357
NYBOT CSC ‘C’ Coffee Futures		2.81	%		3,485,656
KCBT Hard Red Winter Wheat Futures		1.63	%		2,014,163
LME Primary Aluminum Futures		4.37	%		5,409,637
CME Live Cattle Futures		3.49	%		4,327,518
CME Lean Hogs Futures		2.40	%		2,975,348
LME Nickel Futures		2.33	%		2,890,137
LME Zinc Futures		2.90	%		3,592,469
NYMEX Henry Hub Natural Gas Futures		7.86	%		9,741,006
ICE Gasoil Futures		2.82	%		3,490,753
CBOT Soybean Futures		5.80	%		7,181,541
NYBOT CSC No. 11 World Sugar Futures		2.86	%		3,545,455
COMEX Silver Futures		3.64	%		4,506,052
CBOT Soybean Meal Futures		3.12	%		3,868,935
CBOT Wheat Futures		2.91	%		3,599,096
NYMEX Reformulated Gasoline Blend Futures		2.67	%		3,304,720
Total Notional Amount				$	123,867,221

116

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED

(5) The following table represents the individual positions within the Total Return Swap as of October 31, 2021:

Referenced Commodity — Long Position

Futures Contract	% of Index			Notional Amount
CBOT Soybean Oil Futures		4.87	%	$	11,157,449
CBOT Corn Futures		7.89	%		18,031,904
NYMEX Light Sweet Crude Oil Futures		9.03	%		20,631,421
ICE Brent Crude Oil Futures		7.52	%		17,178,791
NYBOT CTN No. 2 Cotton Futures		1.81	%		4,129,240
COMEX Gold 100 Troy Oz. Futures		9.67	%		22,103,104
COMEX Copper Futures		5.83	%		13,310,676
NYMEX NY Harbor ULSD Futures		1.86	%		4,242,244
NYBOT CSC ‘C’ Coffee Futures		2.28	%		5,220,916
KCBT Hard Red Winter Wheat Futures		1.31	%		3,000,019
LME Primary Aluminum Futures		4.43	%		10,122,295
CME Live Cattle Futures		2.81	%		6,421,262
CME Lean Hogs Futures		2.92	%		6,681,882
LME Nickel Futures		1.89	%		4,319,955
LME Zinc Futures		2.35	%		5,379,595
NYMEX Henry Hub Natural Gas Futures		7.93	%		18,112,063
ICE Gasoil Futures		2.86	%		6,524,850
CBOT Soybean Futures		6.97	%		15,926,781
NYBOT CSC No. 11 World Sugar Futures		2.90	%		6,624,422
COMEX Silver Futures		2.96	%		6,754,435
CBOT Soybean Meal Futures		3.74	%		8,537,636
CBOT Wheat Futures		2.94	%		6,712,763
NYMEX Reformulated Gasoline Blend Futures		3.23	%		7,375,728
Total Notional Amount				$	228,499,431

(6) The following table represents the individual positions within the Total Return Swap as of October 31, 2021:

Referenced Commodity — Long Position

Futures Contract	% of Index			Notional Amount
CBOT Soybean Oil Futures		4.02	%	$	7,757,194
CBOT Corn Futures		6.70	%		12,972,495
NYMEX Light Sweet Crude Oil Futures		8.95	%		17,317,294
ICE Brent Crude Oil Futures		7.30	%		14,132,777
NYBOT CTN No. 2 Cotton Futures		1.47	%		2,843,201
COMEX Gold 100 Troy Oz. Futures		11.92	%		23,078,813
COMEX Copper Futures		5.74	%		11,109,543
NYMEX NY Harbor ULSD Futures		2.29	%		4,434,845
NYBOT CSC ‘C’ Coffee Futures		2.81	%		5,446,229
KCBT Hard Red Winter Wheat Futures		1.63	%		3,147,068
LME Primary Aluminum Futures		4.37	%		8,452,389
CME Live Cattle Futures		3.49	%		6,761,613
CME Lean Hogs Futures		2.40	%		4,648,889
LME Nickel Futures		2.33	%		4,515,750
LME Zinc Futures		2.90	%		5,613,122
NYMEX Henry Hub Natural Gas Futures		7.86	%		15,220,019
ICE Gasoil Futures		2.82	%		5,454,193
CBOT Soybean Futures		5.80	%		11,220,935
NYBOT CSC No. 11 World Sugar Futures		2.86	%		5,539,664
COMEX Silver Futures		3.64	%		7,040,566
CBOT Soybean Meal Futures		3.12	%		6,045,091

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DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED

Futures Contract	% of Index			Notional Amount
CBOT Wheat Futures		2.91	%		5,623,475
NYMEX Reformulated Gasoline Blend Futures		2.67	%		5,163,522
Total Notional Amount				$	193,538,687

(7) The following table represents the individual positions within the Total Return Swap as of October 31, 2021:

Referenced Commodity — Long Position

Futures Contract	% of Index			Notional Amount
CBOT Soybean Oil Futures		4.02	%	$	17,733,421
CBOT Corn Futures		6.70	%		29,655,915
NYMEX Light Sweet Crude Oil Futures		8.95	%		39,588,390
ICE Brent Crude Oil Futures		7.30	%		32,308,391
NYBOT CTN No. 2 Cotton Futures		1.47	%		6,499,730
COMEX Gold 100 Troy Oz. Futures		11.92	%		52,759,574
COMEX Copper Futures		5.74	%		25,397,092
NYMEX NY Harbor ULSD Futures		2.29	%		10,138,326
NYBOT CSC ‘C’ Coffee Futures		2.81	%		12,450,411
KCBT Hard Red Winter Wheat Futures		1.63	%		7,194,389
LME Primary Aluminum Futures		4.37	%		19,322,678
CME Live Cattle Futures		3.49	%		15,457,460
CME Lean Hogs Futures		2.40	%		10,627,644
LME Nickel Futures		2.33	%		10,323,280
LME Zinc Futures		2.90	%		12,831,938
NYMEX Henry Hub Natural Gas Futures		7.86	%		34,793,891
ICE Gasoil Futures		2.82	%		12,468,617
CBOT Soybean Futures		5.80	%		25,651,741
NYBOT CSC No. 11 World Sugar Futures		2.86	%		12,664,009
COMEX Silver Futures		3.64	%		16,095,163
CBOT Soybean Meal Futures		3.12	%		13,819,447
CBOT Wheat Futures		2.91	%		12,855,607
NYMEX Reformulated Gasoline Blend Futures		2.67	%		11,804,126
Total Notional Amount				$	442,441,240

Summary of the Portfolio’s investments as of October 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
Australia		—	$	21,582,163		—	$	21,582,163
Austria		—		1,485,405		—		1,485,405
Canada		—		229,955,445		—		229,955,445
Denmark		—		9,564,045		—		9,564,045
France		—		21,099,758		—		21,099,758
Germany		—		42,471,415		—		42,471,415
Ireland		—		8,072,099		—		8,072,099
Italy		—		7,922,704		—		7,922,704
Japan		—		17,019,706		—		17,019,706
Netherlands		—		24,666,491		—		24,666,491
New Zealand		—		40,970,541		—		40,970,541

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DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2			Level 3		Total
Norway		—	$	33,158,169			—	$	33,158,169
Spain		—		2,058,252			—		2,058,252
Supranational Organization Obligations		—		37,235,158			—		37,235,158
Sweden		—		55,766,194			—		55,766,194
Switzerland		—		18,040,569			—		18,040,569
United Kingdom		—		22,647,707			—		22,647,707
United States		—		285,006,421			—		285,006,421
U.S. Treasury Obligations		—		771,403,003			—		771,403,003
Securities Lending Collateral		—		4,236,703			—		4,236,703
Forward Currency Contracts**		—		(1,241,818	)		—		(1,241,818	)
Futures Contracts**	$	719,173		—			—		719,173
Swap Agreements**		—		(29,612,838	)		—		(29,612,838	)
TOTAL	$	719,173	$	1,623,507,292			—	$	1,624,226,465

** Valued at the unrealized appreciation/(depreciation) on the investment.

See accompanying Notes to Financial Statements.

119

DFA INVESTMENT DIMENSIONS GROUP INC.

CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands, except share and per share amounts)

	DFA Commodity Strategy Portfolio*
ASSETS:
Investment Securities at Value (including $4,152 of securities on loan)	$	1,650,125
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $4,237)		4,237
Foreign Currencies at Value		2,165
Segregated Cash for Swaps Contracts		43,598
Cash		125,114
Receivables:
Investment Securities Sold		1,437
Dividends and Interest		6,240
Securities Lending Income		4
Fund Shares Sold		1,420
Unrealized Gain on Forward Currency Contracts		217
Unrealized Gain on Foreign Currency Contracts		6
Prepaid Expenses and Other Assets		35
Total Assets		1,834,598
LIABILITIES:
Payables:
Upon Return of Securities Loaned		4,256
Fund Shares Redeemed		2,375
Due to Advisor		426
Due to Broker		29,869
Futures Margin Variation		420
Unrealized Loss on Swap Contracts		29,613
Unrealized Loss on Forward Currency Contracts		1,459
Accrued Expenses and Other Liabilities		394
Total Liabilities		68,812
NET ASSETS	$	1,765,786
SHARES OUTSTANDING, $0.01 PAR VALUE (1)		243,130,805
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE	$	7.26
Investment Securities at Cost	$	1,658,797
Foreign Currencies at Cost	$	2,170
NET ASSETS CONSIST OF:
Paid-In Capital	$	1,863,362
Total Distributable Earnings (Loss)		(97,576	)
NET ASSETS	$	1,765,786
(1) NUMBER OF SHARES AUTHORIZED		1,800,000,000

* See Note J in the Notes to Financial Statements for additional information about securities lending collateral.

See accompanying Notes to Financial Statements.

120

DFA INVESTMENT DIMENSIONS GROUP INC.

CONSOLIDATED STATEMENT OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

	DFA Commodity Strategy Portfolio#
Investment Income
Interest	$	7,931
Income from Securities Lending		10
Total Investment Income		7,941
Expenses
Investment Management Fees		5,108
Accounting & Transfer Agent Fees		235
Custodian Fees		65
Filing Fees		95
Shareholders’ Reports		75
Directors’/Trustees’ Fees & Expenses		14
Professional Fees		25
Other		62
Total Expenses		5,679
Fees Waived, Expenses Reimbursed by Advisor (Note D)		1,101
Fees Paid Indirectly (Note D)		15
Net Expenses		4,563
Net Investment Income (Loss)		3,378
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		4,785
Futures		40,432
Swap Contracts		505,196
Foreign Currency Transactions		34
Forward Currency Contracts		(571	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(14,473	)
Futures		599
Swap Contracts		(13,549	)
Translation of Foreign Currency-Denominated Amounts		26
Forward Currency Contracts		(1,611	)
Net Realized and Unrealized Gain (Loss)		520,868
Net Increase (Decrease) in Net Assets Resulting from Operations	$	524,246

** Net of foreign capital gain taxes withheld of $0.

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

121

DFA INVESTMENT DIMENSIONS GROUP INC.

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	DFA Commodity Strategy Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	3,378		$	14,236
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		4,785			(8,646	)
Affiliated Investment Companies Shares Sold		—			8
Futures		40,432			(1,240	)
Swap Contracts		505,196			(130,322	)
Foreign Currency Transactions		34			20
Forward Currency Contracts		(571	)		950
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(14,473	)		6,480
Affiliated Investment Companies Shares		—			(1	)
Futures		599			(563	)
Swap Contracts		(13,549	)		(7,261	)
Translation of Foreign Currency-Denominated Amounts		26			(6	)
Forward Currency Contracts		(1,611	)		2,997
Net Increase (Decrease) in Net Assets Resulting from Operations		524,246			(123,348	)
Distributions:
Institutional Class Shares		(3,525	)		(16,600	)
Capital Share Transactions (1):
Shares Issued		597,773			438,853
Shares Issued in Lieu of Cash Distributions		3,293			15,097
Shares Redeemed		(452,428	)		(796,619	)
Net Increase (Decrease) from Capital Share Transactions		148,638			(342,669	)
Total Increase (Decrease) in Net Assets		669,359			(482,617	)
Net Assets
Beginning of Year		1,096,427			1,579,044
End of Year	$	1,765,786		$	1,096,427
(1) Shares Issued and Redeemed:
Shares Issued		96,905			92,161
Shares Issued in Lieu of Cash Distributions		622			2,780
Shares Redeemed		(73,709	)		(165,027	)
Net Increase (Decrease) from Shares Issued and Redeemed		23,818			(70,086	)

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0.

See accompanying Notes to Financial Statements.

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DFA INVESTMENT DIMENSIONS GROUP INC.

CONSOLIDATED FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	DFA Commodity Strategy Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Year	$	5.00		$	5.46		$	5.68		$	5.98		$	5.88
Income from Investment Operations (A)
Net Investment Income (Loss)		0.01			0.06			0.11			0.10			0.07
Net Gains (Losses) on Securities (Realized and Unrealized)		2.27			(0.46	)		(0.22	)		(0.25	)		0.11
Total from Investment Operations		2.28			(0.40	)		(0.11	)		(0.15	)		0.18
Less Distributions:
Net Investment Income		(0.02	)		(0.06	)		(0.11	)		(0.15	)		(0.08	)
Total Distributions		(0.02	)		(0.06	)		(0.11	)		(0.15	)		(0.08	)
Net Asset Value, End of Year	$	7.26		$	5.00		$	5.46		$	5.68		$	5.98
Total Return		45.67	%		(7.41	%)		(1.99	%)		(2.43	%)		3.15	%
Net Assets, End of Year (thousands)	$	1,765,786		$	1,096,427		$	1,579,044		$	1,995,988		$	1,728,321
Ratio of Expenses to Average Net Assets		0.31	%		0.33	%		0.33	%		0.32	%		0.33	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor and Fees Paid Indirectly)		0.40	%		0.41	%		0.41	%		0.39	%		0.39	%
Ratio of Net Investment Income to Average Net Assets		0.24	%		1.15	%		1.99	%		1.61	%		1.17	%
Portfolio Turnover Rate		114	%		71	%		38	%		78	%		102	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

123

DFA INVESTMENT DIMENSIONS GROUP INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

A. Organization:

DFA Investment Dimensions Group Inc. (the “Fund”) is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the 1940 Act”), whose shares are generally offered, without a sales charge, to institutional investors, retirement plans and clients of registered investment advisors. The Fund consists of one hundred operational portfolios, one of which, DFA Commodity Strategy Portfolio (the “Portfolio”), is included in this section of the report. The remaining operational portfolios are presented in separate reports. The Portfolio is an investment company, and accordingly, follows the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”), Topic 946, “Financial Services-Investment Companies.”

The Portfolio wholly owns and controls Dimensional Cayman Commodity Fund I, LTD. (the “Subsidiary”), a company organized under the laws of the Cayman Islands. The Subsidiary is not registered as an investment company under the 1940 Act.

B. Significant Accounting Policies:

The following significant accounting policies are in conformity with accounting principles generally accepted in the United States of America. Such policies are consistently followed by the Fund in preparation of its financial statements. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the fair value of investments, the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates, and those differences could be material.

1. Security Valuation: The Portfolio uses 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 Portfolio’s own assumptions in determining the fair value of investments)

Debt securities held by the 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 securities are generally categorized as Level 2 in the hierarchy. Securities for which quotations are not 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 the Portfolio is calculated. When fair value pricing is used, the prices of securities used by the Portfolio 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 or Level 3 in the hierarchy.

Futures contracts held by the 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. Swap agreements will be valued at the price provided by an independent third-party pricing service or source. If a price is

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not available from an independent third-party pricing service or source, the swap agreement will be valued in good faith at fair value in accordance with procedures adopted by the Board. These securities are generally categorized as Level 2 in the hierarchy.

Over-the-counter derivative contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 in the hierarchy.

A summary of the inputs used to value the Portfolio’s 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 the 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.

2. Foreign Currency Translation: Securities and other assets and liabilities of the Portfolio whose values are initially expressed in foreign currencies are translated to U.S. dollars using the mean between the most recent bid and ask prices for the U.S. dollar as quoted by generally recognized reliable sources. To facilitate this translation, the Portfolio enters into foreign currency contracts. A foreign currency contract is a spot agreement between two parties to buy and sell currencies at current market exchange rates, for settlement generally within two business days. Dividend and interest income and certain expenses are translated to U.S. dollars at the rate of exchange on their respective accrual dates. Receivables and payables denominated in foreign currencies are marked-to-market daily based on daily exchange rates and exchange gains or losses are realized upon ultimate receipt or disbursement.

3. Deferred Compensation Plan: Each eligible Director of the Fund may elect to participate in the Fee Deferral Plan for Independent Directors and Trustees (the “Plan”). Under the Plan, effective January 1, 2002, such Directors may defer payment of all or a portion of their total fees earned as a Director. These deferred amounts may be treated as though such amounts had been invested in shares of the following funds: the U.S. Large Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Large Company Portfolio, U.S. Vector Equity Portfolio, U.S. Micro Cap Portfolio, DFA International Value Portfolio, International Core Equity Portfolio, Emerging Markets Portfolio, Emerging Markets Core Equity Portfolio, DFA Inflation-Protected Securities Portfolio, and/or DFA Two-Year Global Fixed Income Portfolio. Contributions made under the Plan and the change in unrealized appreciation (depreciation) and income are included in Directors’/ Trustees’ Fees & Expenses.

The Directors may receive their distributions of proceeds by one of the following methods: lump sum, annual installments over a period of agreed-upon years, or quarterly installments over a period of agreed-upon years. Each Director shall have the right in a notice of election (the “Notice”) to defer the receipt of the Director’s deferred compensation until a date specified by such Director in the Notice. The date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Director ceases to be a member of the Board of Directors of the Fund; and (ii) five years following the effective date of the Director’s first deferral election. If a Director who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Director’s deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Director ceases to be a member of the Board (unless the Director files an amended Notice selecting a different distribution date).

4. Other: Security transactions are accounted for as of the trade date. Costs used in determining realized gains and losses on the sale of investment securities/affiliated investment companies securities and foreign currency are accounted for on the basis of identified cost. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of investments or as a realized gain, respectively. The Portfolio estimates the character of received distributions that may be considered return of capital distributions. Interest income is recorded on an accrual basis. Discount and premium on debt securities purchased are amortized over the lives of the respective securities, using the effective interest method. Expenses directly attributable to the Portfolio are directly charged. Common expenses of the Fund or its portfolios are allocated using methods approved by the Board, generally based on average net assets.

125

C. Basis for Consolidation:

The Subsidiary commenced operations on November 9, 2010. The Portfolio commenced reporting on a consolidated basis as of such commencement date in accordance with the accounting principles relating to reporting of a wholly-owned subsidiary. The Portfolio will seek to gain exposure to commodities, commodities-related instruments, derivatives and other investments by directly investing in those instruments or through investments in the Subsidiary. The Subsidiary participates in the same investment goal as the Portfolio. The Subsidiary pursues its investment goal by investing in commodities, commodities-related instruments, derivatives and other investments. The Subsidiary (unlike the Portfolio) may invest without limitation in these instruments. However, the Subsidiary is otherwise subject to the same fundamental, non-fundamental and certain other investment restrictions as the Portfolio. The portion of the Portfolio’s or Subsidiary’s assets exposed to any particular commodity, derivative or other investment will vary based on market conditions, but from time to time some exposure could be substantial.

To the extent of the Portfolio’s investment through the Subsidiary, it will be subject to the risks associated with the commodities, derivatives and other instruments in which the Subsidiary invests. By investing in the Subsidiary, the Portfolio is indirectly exposed to the risks associated with the Subsidiary’s investments. The derivatives and other investments held by the Subsidiary are generally similar to those that are permitted to be held by the Portfolio and are subject to the same risks that apply to similar investments if held directly by the Portfolio.

The Subsidiary is classified as a controlled foreign corporation under Subchapter N of the Internal Revenue Code. Therefore, the Portfolio is required to increase its taxable income by its share of the Subsidiary’s income. Net investment losses of the Subsidiary cannot be deducted by the Portfolio in the current period nor carried forward to offset taxable income in future periods.

As of October 31, 2021, the Portfolio held a $404,639,979 investment in the Subsidiary, representing 22.90% of the Portfolio’s total net assets. The accompanying consolidated financial statements include all assets, liabilities, revenues and expenses of the Portfolio and its wholly-owned Subsidiary. Intercompany balances and transactions have been eliminated in consolidation.

D. Investment Advisor:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Portfolio. For the year ended October 31, 2021, the investment management fee was accrued daily and paid monthly to the Advisor based on the following effective annual rate of average daily net assets:

DFA Commodity Strategy Portfolio 0.28 % 

Pursuant to an Amended and Restated Fee Waiver and/or Expense Assumption Agreement (the “Fee Waiver Agreement”), the Advisor has contractually agreed to waive all or a portion of the management fee and to assume the expenses of the Portfolio (including the expenses that the Portfolio bears as a shareholder of other funds managed by the Advisor but excluding the expenses that the Portfolio incurs indirectly through investment of its securities lending cash collateral in The DFA Short Term Investment Fund and its investment in unaffiliated investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses to no more than 0.55% of the Portfolio’s average net assets on an annualized basis (the “Expense Limitation Amount”). At any time that the Portfolio Expenses of the Portfolio are less than the Expense Limitation Amount, the Advisor retains the right to recover fees previously waived and/or expenses previously assumed to the extent that the expense ratio following such recovery would be less than the Expense Limitation Amount that was in place when such prior year fees were waived and/or expenses assumed, and less than the current Expense Limitation Amount for the Portfolio. The Fund, on behalf of the Portfolio, is also not obligated to reimburse the Advisor for fees previously waived or expenses previously assumed by the Advisor more than thirty-six months before the date of recovery. The Fee Waiver Agreement for the Portfolio will remain in effect through February 28, 2022, and may only be terminated by the Fund’s Board of Directors prior to that date. The Fee Waiver Agreement will continue in effect from year to year thereafter unless terminated by the Fund or the Advisor. As of October 31, 2021, there were no previously waived fees/expenses assumed subject to future recovery by the Advisor.

126

The Subsidiary has entered into a separate contract with the Advisor whereby the Advisor or its affiliates provide investment advisory and other services to the Subsidiary. For the investment advisory services it provides, the Advisor is entitled to a fee from the Subsidiary equal to 0.30% of the Subsidiary’s average net assets on an annualized basis; however, pursuant to a contractual agreement, the Advisor has agreed to waive the management fee of the Subsidiary.

For the year ended October 31, 2021, approximately $1,101 (in thousands) of the Subsidiary’s management fees were waived pursuant to the Subsidiary fee waiver agreement.

Earned Income Credit:

Additionally, the Portfolio has entered into an arrangement with its custodian whereby net interest earned on uninvested cash balances was used to reduce a portion of the Portfolio’s custody expenses. Custody expense in the accompanying financial statements is presented before reduction for credits. The impact of such credits is generally less than one basis point of the Portfolio’s net assets. During the year ended October 31, 2021, expenses reduced were as follows (amount in thousands):

	Fees Paid Indirectly
DFA Commodity Strategy Portfolio	$	15

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Directors of the Advisor are also Officers and Directors of the Fund; however, such Officers and Directors (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the year ended October 31, 2021, the total related amount paid by the Fund to the CCO was $133 (in thousands). The total related amounts paid by the Portfolio are included in Other Expenses on the Consolidated Statement of Operations.

E. Deferred Compensation:

As of October 31, 2021, the total liability for deferred compensation to Directors/Trustees is included in Accrued Expenses and Other Liabilities on the Consolidated Statement of Assets and Liabilities as follows (amount in thousands):

DFA Commodity Strategy Portfolio $ 31

F. Purchases and Sales of Securities:

For the year ended October 31, 2021, the Portfolio made the following purchases and sales of investment securities, other than short-term securities and in-kind redemptions (amounts in thousands), were as follows:

	U.S. Government Securities				Other Investment Securities
	Purchases		Sales		Purchases		Sales
DFA Commodity Strategy Portfolio	$	1,357,897	$	937,899	$	725,314	$	340,687

For the year ended October 31, 2021, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.

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The amounts presented below may differ from the respective amounts presented in the corresponding Consolidated Schedule of Investments, Consolidated Statement of Assets and Liabilities or Consolidated Statement of Operations due to rounding. The amounts are as follows (amounts in thousands):

	Balance at October 31, 2020		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales		Change in Unrealized Appreciation/ Depreciation		Balance at October 31, 2021		Shares as of October 31, 2021		Dividend Income		Capital Gain Distributions
DFA Commodity Strategy Portfolio
The DFA Short Term Investment Fund	$	3,285	$	359,038	$	358,086		—		—	$	4,237		366	$	3		—
Total	$	3,285	$	359,038	$	358,086		—		—	$	4,237		366	$	3		—

G. Federal Income Taxes:

The Portfolio has qualified and intends to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code for federal income tax purposes and to distribute substantially all of its taxable income and net capital gains to shareholders. Accordingly, no provision has been made for federal income taxes.

Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined under accounting principles generally accepted in the United States of America. These book/tax differences are either temporary or permanent in nature. To the extent that these differences are permanent, they are charged or credited to paid-in capital or distributable earnings, undistributed net investment income or accumulated net realized gains or losses, as appropriate, in the period that the differences arise. Accordingly, the permanent differences as of October 31, 2021, can occur as a result of financial and tax reporting related to the Subsidiary, the use of accumulated earnings and profits distributed to shareholders on redemptions of shares as part of the dividends paid deduction for tax purposes, reversal of book income/loss from controlled foreign corporation and net foreign currency gains/losses, and were reclassified to the accounts mentioned above. These reclassifications had no effect on net assets or net asset value per share.

The tax character of dividends and distributions declared and paid during the years ended October 31, 2020, and October 31, 2021, were as follows (amounts in thousands):

	Net Investment Income and Short-Term Capital Gains		Long-Term Capital Gains		Tax Exempt Income		Total
DFA Commodity Strategy Portfolio
2020	$	16,600		—		—	$	16,600
2021		3,525		—		—		3,525

As of October 31, 2021, the following net investment income and short-term capital gains and long-term capital gains distributions designated for federal income tax purposes are due to the use of accumulated earnings and profits distributed to shareholders upon redemption of shares (amounts in thousands):

	Net Investment Income and Short-Term Capital Gains			Long-Term Capital Gains		Total
DFA Commodity Strategy Portfolio	$	(54,996	)		—	$	(54,996	)

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As of October 31, 2021, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):

	Undistributed Net Investment Income and Short-Term Capital Gains		Undistributed Long-Term Capital Gains		Capital Loss Carryforwards			Unrealized Appreciation (Depreciation)			Total Net Distributable Earnings (Accumulated Losses)
DFA Commodity Strategy Portfolio	$	494,389		—	$	(6,346	)	$	(585,536	)	$	(97,493	)

For federal income tax purposes, the Fund measures its capital loss carryforwards annually at October 31, its fiscal year end. Capital loss carryforwards may be carried forward and applied against future capital gains. As of October 31, 2021, the Portfolio had the following capital loss carryforwards available to offset future realized capital gains with no expiration date (amounts in thousands):

	Unlimited		Total
DFA Commodity Strategy Portfolio	$	6,346	$	6,346

During the year ended October 31, 2021, the Portfolio used the following capital loss carryforwards to offset realized capital gains for federal income tax purposes (amount in thousands):

DFA Commodity Strategy Portfolio $ 351

As of October 31, 2021, the total cost and aggregate gross unrealized appreciation (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes, as follows (amounts in thousands):

	Federal Tax Cost		Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
DFA Commodity Strategy Portfolio	$	2,211,215	$	2,480	$	(588,046	)	$	(585,566	)

ASC 740 Accounting for Uncertainty in Income Taxes sets forth a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Management has analyzed the Portfolio’s tax positions and has concluded that no additional provision for income tax is required in the Portfolio’s financial statements. The Portfolio is not aware of any tax positions for which it is more likely than not that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Portfolio’s federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

H. Financial Instruments:

In accordance with the Portfolio’s investment objective and policies, the Portfolio 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:

1. Foreign Market Risks: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States of America. Consequently, acquisition and disposition of international securities held by the Portfolio may be inhibited.

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Derivative Financial Instruments:

Summarized below are the specific types of derivative instruments used by the Portfolio. The Portfolio may gain exposure to commodity markets by investing up to 25% of the Portfolio’s total assets in the Subsidiary. The Subsidiary may invest without limitation in commodity-linked notes, swap agreements and other commodity-linked derivative instruments, including futures contracts on individual commodities or a subset of commodities and options on commodities. The accompanying consolidated schedule of investments includes investments of the Portfolio and its wholly-owned Subsidiary.

2. Forward Currency Contracts: The Portfolio may acquire and sell forward currency contracts to hedge against adverse changes in the relationship of the U.S. dollar to foreign currencies (foreign exchange rate risk). The decision to hedge the Portfolio’s currency exposure with respect to a foreign market will be based primarily on the Portfolio’s existing exposure to a given foreign currency. Each contract is valued daily and the change in value is recorded by the Portfolio as an unrealized gain or loss, which is presented in the Consolidated Statement of Operations as the change in unrealized appreciation or depreciation of forward currency contracts. When the contract is closed or offset with the same counterparty, the Portfolio records a realized gain or loss equal to the change in the value of the contract when it was opened and the value at the time it was closed or offset. This is presented in the Consolidated Statement of Operations as a net realized gain or loss on forward currency contracts.

3. Commodity-Linked Derivatives: The Portfolio and the Subsidiary invest in commodity-linked derivative instruments, such as swap agreements, commodity options, futures, options on futures, and structured notes. The prices of commodity-linked derivative instruments may move in different directions than investments in traditional equity securities, fixed income securities and commodity spot prices.

4. Swap Agreements: The Portfolio may enter into swap agreements with respect to commodities, interest rates and indexes of commodities or securities, specific securities and commodities, and mortgage, credit and event-linked swaps, and, to the extent the Portfolio may invest in foreign-currency-denominated securities, the Portfolio may enter into swap agreements with respect to foreign currencies.

The Portfolio may enter into swap transactions for any legal purpose consistent with its investment objective and policies, such as for the purpose of attempting to obtain or preserve a particular return or spread at a lower cost than obtaining a return or spread through purchases and/or sales of instruments in other markets, to seek to increase total return (speculation), to protect against currency fluctuations, as a duration management technique, to protect against any increase in the price of securities the Portfolio anticipates purchasing at a later date, or to gain exposure to certain markets in the most economical way possible.

A swap agreement may be negotiated bilaterally and traded over-the-counter between the two parties (for an uncleared swap), while other swaps must be transacted through a futures commission merchant (“FCM”) and cleared through a clearinghouse that serves as a central counterparty (for a cleared swap), and may be traded on swap execution facilities (exchanges). Swap agreements are two-party contracts entered into primarily by institutional investors for periods ranging from a few weeks to more than one year. In a standard “swap” transaction, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on particular predetermined investments or instruments, which may be adjusted for an interest factor. In an uncleared swap, the swap counterparty is typically a brokerage firm, bank or other financial institution. In a cleared swap, the Portfolio’s ultimate counterparty is a central clearinghouse rather than a brokerage firm, bank or other financial institution.

An investment in a commodity swap agreement may involve the exchange of floating-rate interest payments for the total return on a commodity index. In a total return commodity swap, the Portfolio will receive the price appreciation of a commodity index, a portion of the index, or a single commodity in exchange for paying an agreed-upon fee. The Portfolio may also enter into credit default swap agreements. The “buyer” in a credit default contract is obligated to pay the “seller” a periodic stream of payments over the term of the contract provided that no event of default on an underlying reference obligation (whether as a single debt instrument or as part of an index of debt instruments) has occurred. If an event of default occurs, the seller must pay the buyer the full notional value, or “par value,” of the reference obligation in exchange for the reference obligation. The Portfolio may be either the buyer or seller in a credit default swap transaction. Credit default swap transactions involve greater risks than if the Portfolio had invested in the reference obligation directly.

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Most swap agreements entered into by the Portfolio will calculate the obligations of the parties to the agreement on a “net” basis, which means that the two payment streams are netted out, with the Portfolio receiving or paying, as the case may be, only the net amount of the two payments. The Portfolio’s current obligations under a swap agreement will be accrued daily (offset against any amounts owed to the Portfolio) and any accrued but unpaid net amounts owed to a swap counterparty will be covered by the segregation of assets determined to be liquid to avoid any potential leveraging of the Portfolio’s portfolio.

Uncleared swaps are typically executed bilaterally with a swap dealer rather than traded on exchanges. Parties to uncleared swaps face greater counterparty credit risk than those engaging in cleared swaps since performance of uncleared swap obligations is the responsibility only of the swap counterparty rather than a clearinghouse, as is the case with cleared swaps. As a result, the Portfolio bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default, insolvency or bankruptcy of a swap agreement counterparty beyond any collateral received. In such an event, the Portfolio will have contractual remedies pursuant to the swap agreements, but bankruptcy and insolvency laws could affect the Portfolio’s rights as a creditor. The Portfolio will enter into swap agreements only with counterparties that meet certain standards of creditworthiness as determined by the Advisor’s Investment Committee. To the extent that the Portfolio reasonably expects a swap cannot be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of investment, the Portfolio will treat the swap as illiquid and subject to its overall limit on illiquid investments of 15% of the Portfolio’s net assets.

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and implementing rules adopted by the Commodity Futures Trading Commission (“CFTC”) currently require the clearing and exchange-trading of the most common types of credit default index swaps and interest rate swaps, and it is expected that additional categories of swaps will in the future be designated as subject to mandatory clearing and trade execution requirements. Central clearing is intended to reduce counterparty credit risk and increase liquidity, but central clearing does not eliminate these risks completely. There is also a risk of loss by the Portfolio of the initial and variation margin deposits in the event of bankruptcy of the FCM with which the Portfolio has an open position, or the central counterparty in a swap contract. The assets of the Portfolio may not be fully protected in the event of the bankruptcy of the FCM or central counterparty because the Portfolio might be limited to recovering only a pro rata share of all available funds and margin segregated on behalf of an FCM’s customers.

Futures Activities:

The Portfolio may enter into commodity, foreign currency, interest rate and commodity or securities index futures contracts and purchase and write (sell) related options traded on exchanges designated by the CFTC or, consistent with CFTC regulations, on foreign exchanges.

5. Futures Contracts: A commodity futures contract provides for the future sale by one party and the future purchase by the other party of a specified amount of a commodity, such as an energy, agricultural or metal commodity, at a specified price, date, time and place. A foreign currency futures contract provides for the future sale by one party and the future purchase by the other party of a certain amount of a specified non-U.S. currency at a specified price, date, time and place. An interest rate futures contract provides for the future sale by one party and the purchase by the other party of a certain amount of a specific interest rate sensitive financial instrument (debt security) at a specified price, date, time and place. Securities and commodities indexes are typically capitalization or production weighted, respectively. A securities index or commodities index futures contract is an agreement to be settled by delivery of an amount of cash equal to a specified multiplier times the difference between the value of the index at the close of the last trading day on the contract and the price at which the agreement is made. The clearing house of the exchange on which a futures contract is entered into becomes the counterparty to each purchaser and seller of the futures contract.

Payments, known as “variation margin,” to and from the broker, will be made daily as the currency, financial instrument or index underlying the futures contract fluctuates, making the long and short positions in the futures contract more or less valuable, a process known as “marking-to-market.” As a result of the small margin deposit that is required, a small change in the market price of a futures contract can produce major losses.

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At any time prior to the expiration of a futures contract, the Portfolio may elect to close the position by taking an opposite position, which will operate to terminate the Portfolio’s existing position in the contract. Positions in futures contracts and options on futures contracts (described below) may be closed out only on the exchange on which they were entered into (or through a linked exchange). However, there is no assurance that an active market will exist at any particular time. Once the daily fluctuation limit has been reached in a particular contract, most futures exchanges restrict trades at a price beyond that limit or trading may be suspended for specified periods during the day. Such restrictions prevent prompt liquidation of futures positions at an advantageous price, potentially subjecting the Portfolio to substantial losses. In such event, and in the event of adverse price movements, the Portfolio would be required to make daily cash payments of variation margin. Losses incurred in futures transactions and the costs of these transactions will affect the Portfolio’s performance.

The price volatility of commodity futures contracts has been historically greater than that for traditional securities, such as stocks and bonds, and there are a variety of factors associated with commodity futures contracts which may subject the Portfolio’s investments in the contracts to greater volatility than investments in traditional securities.

6. Options on Futures Contracts: The Portfolio may purchase and write put and call options on foreign currency, interest rate and stock and commodity index futures contracts and may enter into closing transactions with respect to such options to terminate existing positions. There is no guarantee that such closing transactions can be effected; the ability to establish and close out positions on such options will be subject to the existence of a liquid market.

An option on a currency, interest rate or commodity or securities index futures contract, as contrasted with the direct investment in such a contract, gives the purchaser the right, in return for the premium paid, to assume a position in a futures contract at a specified exercise price at any time prior to the expiration date of the option. The writer of the option is required upon exercise to assume an offsetting futures position (a short position if the option is a call and a long position if the option is a put). Upon exercise of an option, the delivery of the futures position by the writer of the option to the holder of the option will be accompanied by delivery of the accumulated balance in the writer’s futures margin account, which represents the amount by which the market price of the futures contract exceeds, in the case of a call, or is less than, in the case of a put, the exercise price of the option on the futures contract. The potential loss related to the purchase of an option on a futures contract is limited to the premium paid for the option (plus transaction costs). The value of the option changes daily, and that change is reflected in the net asset value of the Portfolio.

The Portfolio may enter into options and futures transactions for several purposes, including generating current income to offset expenses or increase return, and as hedges to reduce investment risk, generally by making an investment expected to move in the opposite direction of a portfolio position. A hedge is designed to offset a loss in a portfolio position with a gain in the hedged position; at the same time, however, a properly correlated hedge will result in a gain in the portfolio position being offset by a loss in the hedged position.

The Subsidiary’s securities have been segregated as collateral for open futures contracts and open swaps contracts.

The average volume (based on the open positions at each fiscal month-end) of derivative activity for the year ended October 31, 2021 was as follows (amounts in thousands):

	Forward Currency Contracts*		Futures**		Swap Contracts***
DFA Commodity Strategy Portfolio	$	231,791	$	122,321	$	1,321,433

* Average amount of Currency Purchased/Sold in USD

** Average Notional Value of futures contracts

*** Average Notional Value of agreements

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The following is a summary of the Portfolio’s derivative instrument holdings categorized by primary risk exposure as of October 31, 2021 (amounts in thousands):

	Asset Derivatives Value
	Total Value at October 31, 2021		Forward Currency Contracts (1)		Commodity Futures Contracts*,(2)
DFA Commodity Strategy Portfolio	$	4,319	$	217	$	4,102

	Liability Derivatives Value
	Total Value at October 31, 2021			Forward Currency Contracts (3)			Commodity Futures Contracts (4)			Swap Contracts (5)
DFA Commodity Strategy Portfolio	$	(34,455	)	$	(1,459	)	$	(3,383	)	$	(29,613	)

(1) Presented on Consolidated Statement of Assets and Liabilities as Unrealized Gain on Forward Currency Contracts.

(2) Presented on Consolidated Statement of Assets and Liabilities as Receivables or Payables: Futures Margin Variation.

(3) Presented on Consolidated Statement of Assets and Liabilities as Unrealized Loss on Forward Currency Contracts.

(4) Presented on Consolidated Statement of Assets and Liabilities as Receivables or Payables: Futures Margin Variation.

(5) Presented on Consolidated Statement of Assets and Liabilities as Unrealized Loss on Swap Contracts.

* Includes cumulative appreciation (depreciation) of futures contracts. Only current day’s margin variation is reported within the Consolidated Statement of Assets and Liabilities.

The following is a summary of the realized and change in unrealized gains and losses from the Portfolio’s derivative instrument holdings categorized by primary risk exposure for the year ended October 31, 2021 (amounts in thousands):

	Realized Gain (Loss) on Derivatives
	Total		Forward Currency Contracts (1)			Commodity Futures Contracts (2)		Swap Contracts (3)
DFA Commodity Strategy Portfolio	$	545,057	$	(571	)	$	40,432	$	505,196

	Change in Unrealized Appreciation (Depreciation) on Derivatives
	Total			Forward Currency Contracts (4)			Commodity Futures Contracts (5)		Swap Contracts (6)
DFA Commodity Strategy Portfolio	$	(14,561	)	$	(1,611	)	$	599	$	(13,549	)

(1) Presented on Consolidated Statement of Operations as Net Realized Gain (Loss) on: Forward Currency Contracts.

(2) Presented on Consolidated Statement of Operations as Net Realized Gain (Loss) on: Futures.

(3) Presented on Consolidated Statement of Operations as Net Realized Gain (Loss) on: Swap Contracts.

(4) Presented on Consolidated Statement of Operations as Change in Unrealized Appreciation (Depreciation) of: Forward Currency Contracts.

(5) Presented on Consolidated Statement of Operations as Change in Unrealized Appreciation (Depreciation) of: Futures.

(6) Presented on Consolidated Statement of Operations as Change in Unrealized Appreciation (Depreciation) of: Swap Contracts.

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Offsetting of Derivative Assets and Derivative Liabilities

In order to better define its contractual rights and to secure rights that will help the Fund mitigate its counterparty risk, the Fund entered into an International Swaps and Derivatives Association, Inc. Master Agreement (ISDA Master Agreement) or a similar agreement with certain of its derivative contract counterparties. An ISDA Master Agreement is a bilateral agreement between the Fund and a counterparty that governs over-the-counter (OTC) derivatives and forward currency contracts and typically contains, among other things, provisions in the event of a default and/or termination event and may also include collateral posting items. Under an ISDA Master Agreement, the Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and/or receivables with collateral held and/or posted, if any, and create one single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out), including the bankruptcy or insolvency of the counterparty. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset in bankruptcy, insolvency, or other events.

For financial reporting purposes, the Fund does not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Consolidated Statement of Assets and Liabilities.

The following table presents the Portfolio’s gross and net amount of assets and liabilities available for offset under netting arrangements as well as any related collateral received or pledged by the Portfolio as of October 31, 2021 (amounts in thousands):

			Net Amounts of Assets Presented in the Consolidated Statement of Assets and Liabilities		Gross Amounts Not Offset in the Consolidated Statement of Assets and Liabilities									Net Amounts of Liabilities Presented in the Consolidated Statement of Assets and Liabilities		Gross Amounts Not Offset in the Consolidated Statement of Assets and Liabilities
Description	Gross Amounts of Recognized Assets (a)				Financial Instruments (b)			Cash Collateral Received		Net Amount (c)		Gross Amounts of Recognized Liabilities (a)				Financial Instruments (d)			Non-Cash Collateral Pledged			Cash Collateral Pledged		Net Amount (e)
	Assets											Liabilities
DFA Commodity Strategy Portfolio
Credit Suisse		—		—		—			—		—	$	9,830	$	9,830		—			—			—	$	9,830
Bank of America Corp.	$	36	$	36	$	(36	)		—		—		11,376		11,376	$	(36	)	$	(11,340	)		—		—
Citibank NA		—		—		—			—		—		1,845		1,845		—			(1,845	)		—		—
State Street Bank and Trust		—		—		—			—		—		634		634		—			—			—		634
HSBC Bank		180		180		(14	)		—	$	166		14		14		(14	)		—			—		—
BNY Mellon		—		—		—			—		—		47		47		—			—			—		47
Australia & New Zealand Banking Group Ltd.		—		—		—			—		—		7		7		—			—			—		7
JP Morgan		—		—		—			—		—		13		13		—			—			—		13
Morgan Stanley and Co. International		—		—		—			—		—		8		8		—			—			—		8
Goldman Sachs International		1		1		—			—		1		—		—		—			—			—		—
UBS AG		—		—		—			—		—		7,298		7,298		—			(7,298	)		—		—
Total	$	217	$	217	$	(50	)		—	$	167	$	31,072	$	31,072	$	(50	)	$	(20,483	)		—	$	10,539

(a) No amounts have been netted against the gross amounts recognized in the Consolidated Statement of Assets and Liabilities.

(b) Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar agreements that management elects not to offset on the Consolidated Statement of Assets and Liabilities.

(c) Represents the net amount due from counterparties in the event of default.

(d) Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar agreements that management elects not to offset on the Consolidated Statement of Assets and Liabilities.

(e) Represents the net amount due to counterparties in the event of default.

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I. Line of Credit and Interfund Lending Program:

The Fund, together with other Dimensional-advised portfolios, has entered into a $500 million uncommitted, unsecured discretionary line of credit effective April 7, 2021, with its domestic custodian bank. A line of credit with similar terms was in effect through April 7, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $500 million in the aggregate. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The agreement for the line of credit expires on April 6, 2022.

The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 2, 2021. A line of credit with similar terms was in effect through January 2, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The line of credit agreement expires on January 1, 2022.

There were no borrowings by the Portfolio under the lines of credit during the year ended October 31, 2021.

Pursuant to an exemptive order issued by the SEC (the “Order”), the Portfolio may participate in an interfund lending program among certain portfolios managed by the Advisor (portfolios that operate as feeder funds do not participate in the program). The program allows the participating portfolios to borrow money from and loan money to each other for temporary or emergency purposes, subject to the conditions in the Order. A loan can only be made through the program if the interfund loan rate on that day is more favorable to both the borrowing and lending portfolios as compared to rates available through short-term bank loans or investments in overnight repurchase agreements and money market funds, respectively, as detailed in the Order. Further, a portfolio may participate in the program only if and to the extent that such participation is consistent with its investment objectives and limitations. Interfund loans have a maximum duration of seven days and may be called on one business day’s notice.

The Portfolio did not use the interfund lending program during the year ended October 31, 2021.

J. Securities Lending:

As of October 31, 2021, the Portfolio had securities on loan to brokers/dealers, for which the Portfolio received cash collateral. The Portfolio invests the cash collateral, as described below, and records a liability for the return of the collateral, during the period the securities are on loan. Loans of securities are expected at all times to be secured by collateral in an amount (i) equal to at least 100% of the current market value of the loaned securities with respect to securities of the U.S. government or its agencies, (ii) generally equal to 102% of the current market value of the loaned securities with respect to U.S. securities, and (iii) generally equal to 105% of the current market value of the loaned securities with respect to foreign securities. However, daily market fluctuations could cause the Portfolio’s collateral to be lower or higher than the expected thresholds. If this were to occur, the collateral would be adjusted the next business day to ensure adequate collateralization. In the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings. If the borrower fails to return loaned securities, cash collateral being maintained by the borrower is insufficient to cover the value of loaned securities, and such collateral insufficiency is not the result of investment losses, the lending agent has agreed to pay the amount of the shortfall to the Portfolio or, at the option of the lending agent, to replace the securities. In the event of the bankruptcy of the borrower, the Portfolio could experience delay in recovering the loaned securities or only recover cash or a security of equivalent value.

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Subject to its stated investment policies, the Portfolio will generally invest the cash collateral received for the loaned securities in the Money Market Series, an affiliated registered money market fund advised by the Advisor for which the Advisor receives a management fee of 0.05% of the average daily net assets of the Money Market Series. Income received from the Money Market Series is netted with fees for securities lending and collateral investment expenses and with other payments to and from borrowers of securities. The Portfolio also may invest the cash collateral received for the loaned securities in securities of the U.S. government or its agencies, repurchase agreements collateralized by securities of the U.S. government or its agencies, and affiliated or unaffiliated money market funds that are registered or unregistered. For purposes of this paragraph, agencies include both agency debentures and agency mortgage-backed securities. Additionally, the Portfolio will be able to terminate the loan at any time and will receive reasonable interest on the loan, as well as amounts equal to any dividends, interest or, other distributions on the loaned securities. However, dividend income received from loaned securities may not be eligible for taxation at qualified dividend income rates.

The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2021 (amounts in thousands):

	Remaining Contractual Maturity of the Agreements As of October 31, 2021
	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
Securities Lending Transactions
DFA Commodity Strategy Portfolio
Bonds	$	4,256		—		—		—	$	4,256

K. Indemnitees; Contractual Obligations:

Under the Fund’s organizational documents, its Officers and Directors are indemnified against certain liabilities arising out of the performance of their duties to the Fund.

In the normal course of business, the Fund enters into contracts that contain a variety of representations and warranties that provide general indemnification. The Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Fund and/or its affiliates that have not yet occurred. However, based on experience, the Fund expects the risk of loss to be remote.

L. Recently Issued Accounting Standards and Regulations:

In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU No. 2021-01, with further amendments to Topic 848. The amendments in the ASUs provide optional temporary accounting recognition and financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the LIBOR and other interbank-offered based reference rates as of the end of 2021 and 2023. The ASUs are effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management has reviewed the requirements and believes the adoption of these ASUs will not have a material impact on the Portfolio’s financial statements.

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 Portfolio could enter, eliminate the asset segregation framework currently used by the Portfolio to comply with Section 18 of the 1940Act, 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 Portfolio is required to comply on August 19, 2022. Management is currently evaluating the effect, if any, the Derivatives Rule will have on the Portfolio.

136

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 Portfolio.

M. 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 the Portfolio’s performance.

N. Other:

As of October 31, 2021, the following number of shareholders held the following approximate percentages of the outstanding shares of the Portfolio. One or more of the shareholders may be omnibus accounts, which typically hold shares for the benefit of several other underlying investors.

	Number of Shareholders		Approximate Percentage of Outstanding Shares
DFA Commodity Strategy Portfolio-Institutional Class		4		67	%

The Portfolio is subject to claims and suits that arise from time to time in the ordinary course of business (for example, ongoing claw back litigation against former shareholders of portfolio companies that filed for bankruptcy, such as The Tribune Company and Nine West). Although management currently believes that resolving claims against the Portfolio, individually or in aggregate, will not have a material adverse impact on the Portfolio’s 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.

O. Subsequent Event Evaluations:

Management has evaluated the impact of all subsequent events on the Portfolio through the date on which the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements.

137

Report of Independent Registered Public Accounting Firm

To the Board of Directors of DFA Investment Dimensions Group Inc. and Shareholders of DFA Commodity Strategy Portfolio

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated statement of assets and liabilities, including the consolidated schedule of investments, of DFA Commodity Strategy Portfolio and its subsidiary (one of the portfolios constituting DFA Investment Dimensions Group Inc., hereafter referred to as the “Portfolio”) as of October 31, 2021, the related consolidated statement of operations for the year ended October 31, 2021, the consolidated statement of changes in net assets for each of the two years in the period ended October 31, 2021, including the related notes, and the consolidated financial highlights for each of the five years in the period ended October 31, 2021 (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Portfolio as of October 31, 2021, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2021 and the financial highlights for each of the five years in the period ended October 31, 2021 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These consolidated financial statements are the responsibility of the Portfolio’s management. Our responsibility is to express an opinion on the Portfolio’s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Portfolio in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these consolidated financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. Our procedures included confirmation of securities owned as of October 31, 2021 by correspondence with the custodian, brokers and transfer agent of the investee fund. We believe that our audits provide a reasonable basis for our opinion.

/s/PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 22, 2021

We have served as the auditor of one or more investment companies in Dimensional Fund Advisors L.P. investment company group since 1981.

138

DIMENSIONAL INVESTMENT GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

U.S. Large Company Portfolio vs.

S&P 500^TM Index

October 31, 2011-October 31, 2021

					Past performance is not predictive of future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Copyright 2021 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved.
	Average Annual Total Return	One Year	Five Years	Ten Years
		42.87%	18.86%	16.14%

139

MANAGEMENT’S DISCUSSION AND ANALYSIS

U.S. Equity Market Review 12 Months Ended October 31, 2021

U.S. equities had positive returns for the period. The broad U.S. equity market, as measured by the Russell 3000^® Index, gained approximately 43.90% . As measured by Russell indices, small-cap stocks outperformed large-cap stocks, and mid-cap stocks, a subset of the large-cap universe, outperformed large-cap stocks but underperformed small-cap stocks. Value stocks outperformed growth stocks as measured by the Russell indices.

Total Return for 12 Months Ended October 31, 2021

Russell 3000® Index	43.90	%
Russell 1000® Index (large-cap stocks)	43.51	%
Russell Midcap® Index (mid-cap stocks)	45.40	%
Russell 2000® Index (small-cap stocks)	50.80	%
Russell Microcap® Index (micro-cap stocks)	62.54	%
Dow Jones U.S. Select REIT Index SM	56.10	%

Total Return for 12 Months Ended October 31, 2021

Russell 1000® Value Index (large-cap value stocks)	43.76	%
Russell 1000® Growth Index (large-cap growth stocks)	43.21	%
Russell 2000® Value Index (small-cap value stocks)	64.30	%
Russell 2000® Growth Index (small-cap growth stocks)	38.45	%

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

U.S. Large Company Portfolio

The U.S. Large Company Portfolio seeks to approximate the returns of the S&P 500^® Index by investing in S&P 500^® Index securities in approximately the same proportions as they are represented in the Index. As of October 31, 2021, the Portfolio held approximately 510 securities. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, the total return was 42.87% for the Portfolio and 42.91% for the S&P 500^® Index, the Portfolio’s benchmark. The Portfolio performed in line with the benchmark before fees and expenses.

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DIMENSIONAL INVESTMENT GROUP INC.

DISCLOSURE OF FUND EXPENSES

(Unaudited)

The following Expense Table is shown so that you can understand the impact of fees on your investment. All mutual funds have operating expenses. As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports, among others. Operating expenses and legal and audit services, which are deducted from a fund’s gross income, directly reduce the investment return of the fund. A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs, in dollars, of investing in the fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.

The Expense Table below illustrates your fund’s costs in two ways.

Actual Fund Return

This section helps you to estimate the actual expenses after fee waivers that you paid over the period. The “Ending Account Value” shown is derived from the fund’s actual return, and “Expenses Paid During Period” reflects the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.

To do so, simply divide your account value by $1,000 (for example, a $7,500 account value divided by $1,000 = 7.5), then multiply the result by the number given for your fund under the heading “Expenses Paid During Period.”

Hypothetical Example for Comparison Purposes

This section is intended to help you compare your fund’s costs with those of other mutual funds. The hypothetical “Ending Account Value” and “Expenses Paid During Period” are derived from the fund’s actual expense ratio and an assumed 5% annual return before expenses. In this case, because the return used is not the fund’s actual return, the results do not apply to your investment. The example is useful in making comparisons because the SEC requires all mutual funds to calculate expenses based on a 5% annual return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect any transactional costs, if applicable. The “Annualized Expense Ratio” represents the actual expenses for the six-month period indicated.

Six Months Ended October 31, 2021

EXPENSE TABLE

	Beginning Account Value 05/01/21		Ending Account Value 10/31/21		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
U.S. Large Company Portfolio
Actual Fund Return	$	1,000.00	$	1,108.50		0.08	%	$	0.43
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.80		0.08	%	$	0.41

(1) Expenses are equal to the fund’s annualized expense ratio for the six-month period, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period (184), then divided by the number of days in the year (365) to reflect the six-month period.

141

DIMENSIONAL INVESTMENT GROUP INC.

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

The SEC requires that all funds file a complete Schedule of Investments with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. For Dimensional Investment Group Inc., this would be for the fiscal quarters ending January 31 and July 31. Such Form N-PORT filing must be made within 60 days of the end of the quarter. Dimensional Investment Group Inc. filed its most recent Form N-PORT with the SEC on September 24, 2021. They are available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

SEC regulations permit a fund to include in its reports to shareholders a “Summary Schedule of Portfolio Holdings” in lieu of a full Schedule of Investments. The Summary Schedule of Portfolio Holdings reports the fund’s 50 largest holdings in unaffiliated issuers and any investments that exceed one percent of the fund’s net assets at the end of the reporting period. The regulations also require that the Summary Schedule of Portfolio Holdings identify each category of investments that are held.

A fund is required to file a complete Schedule of Investments with the SEC on Form N-CSR within ten days after mailing the annual and semi-annual reports to shareholders. It will be available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

PORTFOLIO HOLDINGS

The SEC requires that all funds present their categories of portfolio holdings in a table, chart, or graph format in their annual and semi-annual shareholder reports, whether or not a Schedule of Investments is used. The following table, which presents portfolio holdings as a percentage of total investments before short-term investments and collateral for loaned securities, is provided in compliance with this requirement. The categories shown below represent broad industry sectors. Each industry sector consists of one or more specific industry classifications.

DOMESTIC EQUITY PORTFOLIO

U.S. Large Company Portfolio
Communication Services	10.8	%
Consumer Discretionary	12.8	%
Consumer Staples	5.6	%
Energy	2.9	%
Financials	11.4	%
Health Care	13.0	%
Industrials	8.0	%
Information Technology	28.0	%
Materials	2.5	%
Real Estate	2.6	%
Utilities	2.4	%
	100.0	%

142

U.S. LARGE COMPANY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

	Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (99.8%)
COMMUNICATION SERVICES — (10.8%)
*   Alphabet, Inc., Class A		94,635	$	280,206,664		2.3	%
*   Alphabet, Inc., Class C		88,558		262,610,779		2.1	%
AT&T, Inc.		2,244,203		56,688,568		0.5	%
Comcast Corp., Class A		1,439,651		74,041,251		0.6	%
*   Facebook, Inc., Class A		749,266		242,440,000		2.0	%
*   Netflix, Inc.		139,114		96,031,785		0.8	%
Verizon Communications, Inc.		1,301,297		68,955,728		0.6	%
*   Walt Disney Co.		571,149		96,564,161		0.8	%
Other Securities				152,901,101		1.1	%
TOTAL COMMUNICATION SERVICES				1,330,440,037		10.8	%
CONSUMER DISCRETIONARY — (12.8%)
*   Amazon.com, Inc.		136,896		461,672,177		3.8	%
Home Depot, Inc.		334,197		124,234,393		1.0	%
Lowe’s Cos., Inc.		222,186		51,951,530		0.4	%
McDonald’s Corp.		234,729		57,637,706		0.5	%
NIKE, Inc., Class B		401,721		67,203,906		0.5	%
*   Tesla, Inc.		255,044		284,119,016		2.3	%
Other Securities				527,513,226		4.3	%
TOTAL CONSUMER DISCRETIONARY				1,574,331,954		12.8	%
CONSUMER STAPLES — (5.6%)
Coca-Cola Co.		1,221,097		68,833,238		0.6	%
Costco Wholesale Corp.		138,949		68,298,991		0.6	%
PepsiCo, Inc.		434,418		70,201,949		0.6	%
Procter & Gamble Co.		762,974		109,097,652		0.9	%
Walmart, Inc.		449,185		67,117,223		0.5	%
Other Securities				303,841,469		2.4	%
TOTAL CONSUMER STAPLES				687,390,522		5.6	%
ENERGY — (2.8%)
Chevron Corp.		607,856		69,593,434		0.6	%
Exxon Mobil Corp.		1,330,669		85,788,230		0.7	%
Other Securities				195,376,423		1.5	%
TOTAL ENERGY				350,758,087		2.8	%
FINANCIALS — (11.4%)
Bank of America Corp.		2,327,533		111,209,527		0.9	%
*   Berkshire Hathaway, Inc., Class B		582,634		167,221,784		1.4	%
JPMorgan Chase & Co.		939,219		159,563,916		1.3	%
Wells Fargo & Co.		1,290,703		66,032,366		0.5	%
Other Securities				896,790,091		7.3	%
TOTAL FINANCIALS				1,400,817,684		11.4	%
HEALTH CARE — (13.0%)
Abbott Laboratories		557,221		71,820,215		0.6	%
AbbVie, Inc.		555,448		63,693,222		0.5	%
Danaher Corp.		199,706		62,262,340		0.5	%
Eli Lilly & Co.		249,554		63,576,377		0.5	%
Johnson & Johnson		827,426		134,771,147		1.1	%

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U.S. LARGE COMPANY PORTFOLIO

CONTINUED

	Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
Merck & Co., Inc.		795,647	$	70,056,718		0.6	%
Pfizer, Inc.		1,762,262		77,081,340		0.6	%
Thermo Fisher Scientific, Inc.		123,657		78,283,537		0.6	%
UnitedHealth Group, Inc.		296,372		136,470,415		1.1	%
Other Securities				841,348,060		6.9	%
TOTAL HEALTH CARE				1,599,363,371		13.0	%
INDUSTRIALS — (8.0%)
Other Securities				986,088,749		8.0	%
INFORMATION TECHNOLOGY — (27.9%)
Accenture PLC, Class A		199,318		71,513,305		0.6	%
*   Adobe, Inc.		149,739		97,384,256		0.8	%
Apple, Inc.		4,935,882		739,395,124		6.0	%
Broadcom, Inc.		128,951		68,559,378		0.6	%
Cisco Systems, Inc.		1,324,584		74,136,967		0.6	%
Intel Corp.		1,275,173		62,483,477		0.5	%
Intuit, Inc.		85,889		53,765,655		0.4	%
Mastercard, Inc., Class A		273,817		91,871,080		0.7	%
Microsoft Corp.		2,362,037		783,298,710		6.4	%
NVIDIA Corp.		783,271		200,258,897		1.6	%
*   PayPal Holdings, Inc.		369,329		85,902,232		0.7	%
*   salesforce.com, Inc.		305,365		91,514,837		0.7	%
Texas Instruments, Inc.		290,178		54,402,571		0.4	%
#   Visa, Inc., Class A		530,450		112,333,397		0.9	%
Other Securities				844,324,122		7.0	%
TOTAL INFORMATION TECHNOLOGY				3,431,144,008		27.9	%
MATERIALS — (2.5%)
Linde PLC		162,315		51,810,948		0.4	%
Other Securities				254,087,746		2.1	%
TOTAL MATERIALS				305,898,694		2.5	%
REAL ESTATE — (2.6%)
Other Securities				318,987,587		2.6	%
UTILITIES — (2.4%)
NextEra Energy, Inc.		616,608		52,615,161		0.4	%
Other Securities				242,942,846		2.0	%
TOTAL UTILITIES.				295,558,007		2.4	%
TOTAL COMMON STOCKS (Cost $3,112,316,311)				12,280,778,700		99.8	%
TEMPORARY CASH INVESTMENTS — (0.2%)
State Street Institutional U.S. Government Money Market Fund, 0.025%		21,651,185		21,651,185		0.2	%

144

U.S. LARGE COMPANY PORTFOLIO

CONTINUED

	Shares		Value†		Percentage of Net Assets‡
SECURITIES LENDING COLLATERAL — (0.0%)
@§ The DFA Short Term Investment Fund		476,329	$	5,511,126		0.0	%
TOTAL INVESTMENTS — (100.0%) (Cost $3,139,477,611)			$	12,307,941,011		100.0	%

As of October 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		116		12/17/21	$	26,310,734	$	26,662,600	$	351,866
Total Futures Contracts					$	26,310,734	$	26,662,600	$	351,866

Summary of the Portfolio’s investments as of October 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	$	1,330,440,037		—		—	$	1,330,440,037
Consumer Discretionary		1,574,331,954		—		—		1,574,331,954
Consumer Staples		687,390,522		—		—		687,390,522
Energy		350,758,087		—		—		350,758,087
Financials		1,400,817,684		—		—		1,400,817,684
Health Care		1,599,363,371		—		—		1,599,363,371
Industrials		986,088,749		—		—		986,088,749
Information Technology.		3,431,144,008		—		—		3,431,144,008
Materials		305,898,694		—		—		305,898,694
Real Estate		318,987,587		—		—		318,987,587
Utilities		295,558,007		—		—		295,558,007
Temporary Cash Investments		21,651,185		—		—		21,651,185
Securities Lending Collateral		—	$	5,511,126		—		5,511,126
Futures Contracts**		351,866		—		—		351,866
TOTAL	$	12,302,781,751	$	5,511,126		—	$	12,308,292,877

** Valued at the unrealized appreciation/(depreciation) on the investment.

See accompanying Notes to Financial Statements.

145

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENT OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands, except share and per share amounts)

	U.S. Large Company Portfolio*
ASSETS:
Investment Securities at Value (including $104,055 of securities on loan)	$	12,280,779
Temporary Cash Investments at Value & Cost		21,651
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $5,510)		5,511
Segregated Cash for Futures Contracts		1,334
Receivables:
Dividends and Interest		9,269
Securities Lending Income		14
Fund Shares Sold		3,404
Futures Margin Variation		79
Prepaid Expenses and Other Assets		65
Total Assets		12,322,106
LIABILITIES:
Payables:
Upon Return of Securities Loaned		5,592
Fund Shares Redeemed		6,120
Due to Advisor		474
Accrued Expenses and Other Liabilities		2,060
Total Liabilities		14,246
NET ASSETS	$	12,307,860
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $12,307,860 and shares outstanding of 356,155,739	$	34.56
NUMBER OF SHARES AUTHORIZED		900,000,000
Investment Securities at Cost	$	3,112,316
NET ASSETS CONSIST OF:
Paid-In Capital	$	2,539,964
Total Distributable Earnings (Loss)		9,767,896
NET ASSETS	$	12,307,860

* See Note I in the Notes to Financial Statements for additional information about securities lending collateral.

See accompanying Notes to Financial Statements.

146

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENT OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

	U.S. Large Company Portfolio#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $15)	$	165,923
Income from Securities Lending		222
Total Investment Income		166,145
Fund Expenses
Investment Management Fees		6,798
Accounting & Transfer Agent Fees		2,136
S&P 500® Fees		100
Custodian Fees		121
Filing Fees		164
Shareholders’ Reports		182
Directors’/Trustees’ Fees & Expenses		126
Professional Fees		108
Previously Waived Fees Recovered by Advisor (Note C)		25
Other		205
Total Fund Expenses		9,965
Fees Waived, Expenses Reimbursed by Advisor (Note C)		901
Net Expenses		9,064
Net Investment Income (Loss)		157,081
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		726,997
Affiliated Investment Companies Shares Sold		1
Futures		6,547
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		3,024,256
Affiliated Investment Companies Shares		(6	)
Futures.		758
Net Realized and Unrealized Gain (Loss)		3,758,553
Net Increase (Decrease) in Net Assets Resulting from Operations	$	3,915,634

** Net of foreign capital gain taxes withheld of $0.

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

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DIMENSIONAL INVESTMENT GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	U.S. Large Company Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	157,081		$	176,322
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		726,997			293,769
Affiliated Investment Companies Shares Sold		1			(79	)
Futures		6,547			5,519
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		3,024,256			437,733
Affiliated Investment Companies Shares		(6	)		(2	)
Futures		758			(629	)
Net Increase (Decrease) in Net Assets Resulting from Operations		3,915,634			912,633
Distributions:
Institutional Class Shares		(395,160	)		(239,888	)
Capital Share Transactions (1):
Shares Issued		1,206,555			1,829,642
Shares Issued in Lieu of Cash Distributions		367,657			221,900
Shares Redeemed.		(2,349,587	)		(2,947,917	)
Net Increase (Decrease) from Capital Share Transactions		(775,375	)		(896,375	)
Total Increase (Decrease) in Net Assets		2,745,099			(223,630	)
Net Assets
Beginning of Year		9,562,761			9,786,391
End of Year	$	12,307,860		$	9,562,761
(1) Shares Issued and Redeemed:
Shares Issued		39,616			80,394
Shares Issued in Lieu of Cash Distributions		12,970			9,448
Shares Redeemed		(77,430	)		(125,721	)
Net Increase (Decrease) from Shares Issued and Redeemed		(24,844	)		(35,879	)

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0.

See accompanying Notes to Financial Statements.

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DIMENSIONAL INVESTMENT GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. Large Company Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Year	$	25.10		$	23.48		$	21.06		$	20.05		$	16.67
Income from Investment Operations (A)
Net Investment Income (Loss)		0.43			0.44			0.44			0.41			0.37
Net Gains (Losses) on Securities (Realized and Unrealized)		10.09			1.77			2.50			1.05			3.50
Total from Investment Operations		10.52			2.21			2.94			1.46			3.87
Less Distributions:
Net Investment Income		(0.43	)		(0.47	)		(0.39	)		(0.39	)		(0.39	)
Net Realized Gains		(0.63	)		(0.12	)		(0.13	)		(0.06	)		(0.10	)
Total Distributions		(1.06	)		(0.59	)		(0.52	)		(0.45	)		(0.49	)
Net Asset Value, End of Year	$	34.56		$	25.10		$	23.48		$	21.06		$	20.05
Total Return		42.87	%		9.63	%		14.29	%		7.25	%		23.55	%
Net Assets, End of Year (thousands)	$	12,307,860		$	9,562,761		$	9,786,391		$	8,517,069		$	7,996,178
Ratio of Expenses to Average Net Assets		0.08	%		0.08	%		0.08	%		0.08	%		0.08	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor)		0.09	%		0.09	%		0.08	%		0.08	%		0.08	%
Ratio of Net Investment Income to Average Net Assets		1.39	%		1.83	%		2.02	%		1.90	%		1.99	%
Portfolio Turnover Rate		4	%		3	%		3	%		5	%		7	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

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DIMENSIONAL INVESTMENT GROUP INC.

NOTES TO FINANCIAL STATEMENTS

A. 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. The Fund consists of eleven portfolios, one of which, the U.S. Large Company Portfolio (the “Portfolio”), is presented in this section of the report. The remaining operational portfolios are presented in separate reports. The Portfolio is an investment company, and accordingly, follows the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”), Topic 946, “Financial Services-Investment Companies.”

B. Significant Accounting Policies:

The following significant accounting policies are in conformity with accounting principles generally accepted in the United States of America. Such policies are consistently followed by the Fund in preparation of its financial statements. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the fair value of investments, the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates, and those differences could be material.

1. Security Valuation: The Portfolio uses 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 Portfolio’s own assumptions in determining the fair value of investments)

Securities held by the 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.

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 the Portfolio is calculated. When fair value pricing is used, the prices of securities used by the Portfolio 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 or Level 3 in the hierarchy.

Futures contracts held by the 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.

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A summary of the inputs used to value the Portfolio’s 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 the Summary Schedule of Portfolio Holdings. The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

2. Deferred Compensation Plan: Each eligible Director of the Fund may elect to participate in the Fee Deferral Plan for Independent Directors and Trustees (the “Plan”). Under the Plan, effective January 1, 2002, such Directors may defer payment of all or a portion of their total fees earned as a Director. These deferred amounts may be treated as though such amounts had been invested in shares of the following funds: the U.S. Large Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Large Company Portfolio, U.S. Vector Equity Portfolio, U.S. Micro Cap Portfolio, DFA International Value Portfolio, International Core Equity Portfolio, Emerging Markets Portfolio, Emerging Markets Core Equity Portfolio, DFA Inflation-Protected Securities Portfolio, and/or DFA Two-Year Global Fixed Income Portfolio. Contributions made under the Plan and the change in unrealized appreciation (depreciation) and income are included in Directors’/ Trustees’ Fees & Expenses.

The Directors may receive their distributions of proceeds by one of the following methods: lump sum, annual installments over a period of agreed-upon years, or quarterly installments over a period of agreed-upon years. Each Director shall have the right in a notice of election (the “Notice”) to defer the receipt of the Director’s deferred compensation until a date specified by such Director in the Notice. The date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Director ceases to be a member of the Board of Directors of the Fund; and (ii) five years following the effective date of the Director’s first deferral election. If a Director who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Director’s deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Director ceases to be a member of the Board (unless the Director files an amended Notice selecting a different distribution date).

3. Other: Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of investments or as a realized gain, respectively. The Portfolio estimates the character of received distributions that may be considered return of capital distributions. Expenses directly attributable to a Portfolio are directly charged. Common expenses of the Fund or the Portfolios are allocated using methods approved by the Board of Directors, generally based on average net assets.

C. Investment Advisor:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Portfolio. For the year ended October 31, 2021, the Portfolio’s investment management fees were accrued daily and paid monthly to the Advisor based on the following effective annual rate of average daily net assets:

U.S. Large Company Portfolio 0.06 % 

Pursuant to an Amended and Restated Fee Waiver and/or Expense Assumption Agreement (the “Fee Waiver Agreement”), the Advisor has contractually agreed to waive certain fees, and in certain instances, assume certain expenses of the Portfolio, as described in the notes below. The Fee Waiver Agreement for the Portfolio will remain in effect through February 28, 2022, may only be terminated by the Fund’s Board of Directors prior to that date and shall continue in effect from year to year thereafter unless terminated by the Fund or the Advisor. During the year ended October 31, 2021, the Portfolio had an expense limit based on a percentage of average net assets on an annualized basis, and the Advisor recovered previously waived fees and/or assumed expenses (amounts in thousands), as listed below. The net amount of waived fees/expenses assumed (recovered previously waived fees/expenses assumed) during the year ended October 31, 2021, and the previously waived fees/expenses assumed subject to future recovery by the Advisor as of October 31, 2021, are also reflected below (amounts in thousands). At any time that the Annualized Expense Ratio (defined below) of the Portfolio is less than the Expense Limitation Amount listed below, the Advisor retains the right to recover fees previously waived and/or expenses previously assumed to the extent that the expense ratio following such recovery would be less than the Expense Limitation Amount that was in place when such prior year fees were waived and/or expenses assumed, and less than

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the current Expense Limitation Amount for the Portfolio. The Fund, on behalf of the Portfolio, is also not obligated to reimburse the Advisor for fees previously waived or expenses previously assumed by the Advisor more than thirty-six months before the date of recovery.

Institutional Class Shares	Expense Limitation Amount			Recovery of Previously Waived Fees/ Expenses Assumed		Waived Fees/ Expenses Assumed		Previously Waived Fees/ Expenses Assumed Subject to Future Recovery
U.S. Large Company Portfolio (1)		0.08	%	$	25	$	901	$	2,575

(1) The Advisor has contractually agreed to waive all or a portion of its management fee to the extent necessary to reduce the ordinary operating expenses (excluding expenses incurred through investment in other investment companies) (“Portfolio Expenses”) of the U.S. Large Company Portfolio so that the Portfolio Expenses, on an annualized basis, do not exceed the rate listed above as a percentage of the Portfolio’s average net assets (the “Annualized Expense Ratio”).

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Directors of the Advisor are also Officers and Directors of the Fund; however, such Officers and Directors (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the year ended October 31, 2021, the total related amounts paid by the Fund to the CCO were $14 (in thousands). The total related amounts paid by the Portfolio are included in Other Expenses on the Statement of Operations.

D. Deferred Compensation:

As of October 31, 2021, the total liability for deferred compensation to Directors is included in Accrued Expenses and Other Liabilities on the Statement of Assets and Liabilities as follows (amount in thousands):

U.S. Large Company Portfolio $ 336

E. Purchases and Sales of Securities:

For the year ended October 31, 2021, the Portfolio’s transactions related to investment securities, other than short-term securities, in-kind redemptions and U.S. Government securities (amounts in thousands), were as follows:

	Purchases		Sales
U.S. Large Company Portfolio	$	417,684	$	1,433,041

There were no purchases or sales of long-term U.S. government securities.

For the year ended October 31, 2021, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.

The amounts presented below may differ from the respective amounts presented in the Summary Schedule of Portfolio Holdings, Statement of Assets and Liabilities or Statement of Operations due to rounding. The amounts are as follows (amounts in thousands):

	Balance at October 31, 2020		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales		Change in Unrealized Appreciation/ Depreciation			Balance at October 31, 2021		Shares as of October 31, 2021		Dividend Income		Capital Gain Distributions
U.S. Large Company Portfolio
The DFA Short Term Investment Fund	$	19,251	$	485,840	$	499,575	$	1	$	(6	)	$	5,511		476	$	12		—
Total	$	19,251	$	485,840	$	499,575	$	1	$	(6	)	$	5,511		476	$	12		—

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F. Federal Income Taxes:

The Portfolio has qualified and intends to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code for federal income tax purposes and to distribute substantially all of its taxable income and net capital gains to its shareholders. Accordingly, no provision has been made for federal income taxes.

Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined under accounting principles generally accepted in the United States of America. These book/tax differences are either temporary or permanent in nature. To the extent that these differences are permanent, they are charged or credited to paid-in capital or distributable earnings, undistributed net investment income, accumulated net realized gains or losses, or unrealized appreciation, as appropriate, in the period that the differences arise. Accordingly, the permanent differences as of October 31, 2021, can occur as a result of realized gains on securities considered to be “passive foreign investment companies”, net foreign currency gains/losses, the use of accumulated earnings and profits distributed to shareholders on redemptions of shares as part of the dividends paid deduction for income tax purposes, and foreign capital gains tax reclass, and were reclassified to the accounts mentioned above. These reclassifications had no effect on net assets or net asset value per share.

The tax character of dividends and distributions declared and paid during the years ended October 31, 2020, and October 31, 2021, were as follows (amounts in thousands):

	Net Investment Income and Short-Term Capital Gains		Long-Term Capital Gains		Tax Exempt Income		Total
U.S. Large Company Portfolio
2020	$	190,450	$	49,437		—	$	239,887
2021		159,251		235,909		—		395,160

As of October 31, 2021, the following net investment income and short-term capital gains and long-term capital gains distributions designated for federal income tax purposes are due to the use of accumulated earnings and profits distributed to shareholders upon redemption of shares (amounts in thousands):

	Net Investment Income and Short-Term Capital Gains			Long-Term Capital Gains			Total
U.S. Large Company Portfolio	$	(16,326	)	$	(46,249	)	$	(62,575	)

As of October 31, 2021, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):

	Undistributed Net Investment Income and Short-Term Capital Gains		Undistributed Long-Term Capital Gains		Unrealized Appreciation (Depreciation)		Total Net Distributable Earnings (Accumulated Losses)
U.S. Large Company Portfolio	$	3,342	$	644,573	$	9,120,317	$	9,768,232

For federal income tax purposes, the Fund measures its capital loss carryforwards annually at October 31, its fiscal year end. Capital loss carryforwards may be carried forward and applied against future capital gains. As of October 31, 2021, the Portfolio did not have capital loss carryforwards available to offset future realized capital gains.

During the year ended October 31, 2021, the Portfolio did not use capital loss carryforwards to offset realized capital gains for federal income tax purposes.

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As of October 31, 2021, the total cost and aggregate gross unrealized appreciation (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes, as follows (amounts in thousands):

	Federal Tax Cost		Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
U.S. Large Company Portfolio	$	3,187,624	$	9,184,546	$	(64,229	)	$	9,120,317

The difference between GAAP-basis and tax-basis unrealized gains (losses) can occur as a result of wash sales and net mark to market gains (losses) on regulated futures contracts, net mark-to-market gain/loss on foreign currency contracts, and differences in the tax treatment of passive foreign investment company investments.

ASC 740 Accounting for Uncertainty in Income Taxes sets forth a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Management has analyzed the Portfolio’s tax positions and has concluded that no additional provision for income tax is required in the Portfolio’s financial statements. The Portfolio is not aware of any tax positions for which it is more likely than not that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Portfolio’s federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

G. Financial Instruments:

In accordance with the Portfolio’s investment objectives and policies, the Portfolio 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 Portfolio.

1. Futures Contracts: The Portfolio 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 Portfolio. Upon entering into a futures contract, the Portfolio deposits cash or pledges U.S. government securities to a broker, equal to the minimum “initial margin” requirements of the exchange on which the contract is traded to a broker. 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 Portfolio as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Portfolio records a realized gain or loss, which is presented in the Statement 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, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Portfolio could lose more than the initial margin requirements. Entering into stock index futures subjects the 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.

The average volume (based on the open positions at each fiscal month-end) of derivative activity for the year ended October 31, 2021 was as follows (amount in thousands):

	Futures*
U.S. Large Company Portfolio	$	22,368

* Average Notional Value of futures contracts

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The following is a summary of the Portfolio’s derivative instrument holdings categorized by primary risk exposure as of October 31, 2021 (amounts in thousands):

	Asset Derivatives Value
	Total Value at October 31, 2021		Equity Contracts*,(1)
U.S. Large Company Portfolio	$	352	$	352

(1) Presented on Statements of Assets and Liabilities as Receivables or Payables: Futures Margin Variation.

* Includes cumulative appreciation (depreciation) of futures contracts. Only current day’s margin variation is reported within the Statement of Assets and Liabilities.

The following is a summary of the realized and change in unrealized gains and losses from the Portfolio’s direct investment in derivative instrument holdings categorized by primary risk exposure for the year ended October 31, 2021 (amounts in thousands):

	Realized Gain (Loss) on Derivatives
	Total		Equity Contracts (1)
U.S. Large Company Portfolio	$	6,547	$	6,547

	Change in Unrealized Appreciation (Depreciation) on Derivatives
	Total		Equity Contracts (2)
U.S. Large Company Portfolio	$	758	$	758

(1) Presented on Statement of Operations as Net Realized Gain (Loss) on: Futures.

(2) Presented on Statement of Operations as Change in Unrealized Appreciation (Depreciation) of: Futures.

H. Line of Credit and Interfund Lending Program:

The Fund, together with other Dimensional-advised portfolios, has entered into a $500 million uncommitted, unsecured discretionary line of credit effective April 7, 2021, with its domestic custodian bank. A line of credit with similar terms was in effect through April 7, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $500 million in the aggregate. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The agreement for the line of credit expires on April 6, 2022.

The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 2, 2021. A line of credit with similar terms was in effect through January 2, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the

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line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The line of credit agreement expires on January 1, 2022.

For the year ended October 31, 2021, borrowings by the Portfolio under the lines of credit were as follows (amounts in thousands, except percentages and days):

	Weighted Average Interest Rate			Weighted Average Loan Balance		Number of Days Outstanding*		Interest Expense Incurred		Maximum Amount Borrowed During the Period		Outstanding Borrowings as of 10/31/2021
U.S. Large Company Portfolio		0.83	%	$	6,154		66	$	9	$	21,830		—

* Number of Days Outstanding represents the total of single or consecutive days during the year ended October 31, 2021, that the Portfolio’s available line of credit was used.

Pursuant to an exemptive order issued by the SEC (the “Order”), the Portfolio may participate in an interfund lending program among certain portfolios managed by the Advisor (portfolios that operate as feeder funds do not participate in the program). The program allows the participating portfolios to borrow money from and loan money to each other for temporary or emergency purposes, subject to the conditions in the Order. A loan can only be made through the program if the interfund loan rate on that day is more favorable to both the borrowing and lending portfolios as compared to rates available through short-term bank loans or investments in overnight repurchase agreements and money market funds, respectively, as detailed in the Order. Further, a portfolio may participate in the program only if and to the extent that such participation is consistent with its investment objectives and limitations. Interfund loans have a maximum duration of seven days and may be called on one business day’s notice.

The Portfolio did not use the interfund lending program during the year ended October 31, 2021.

I. Securities Lending:

As of October 31, 2021, the Portfolio had securities on loan to brokers/dealers, for which the Portfolio received cash collateral. In addition, the Portfolio received non-cash collateral consisting of short- and/or long-term U.S. Treasuries and U.S. government agency securities as follows (amounts in thousands):

	Non-Cash Collateral Market Value
U.S. Large Company Portfolio	$	100,650

The Portfolio invests the cash collateral, as described below, and records a liability for the return of the collateral, during the period the securities are on loan. Loans of securities are expected at all times to be secured by collateral in an amount (i) equal to at least 100% of the current market value of the loaned securities with respect to securities of the U.S. government or its agencies, (ii) generally equal to 102% of the current market value of the loaned securities with respect to U.S. securities, and (iii) generally equal to 105% of the current market value of the loaned securities with respect to foreign securities. However, daily market fluctuations could cause the Portfolio’s collateral to be lower or higher than the expected thresholds. If this were to occur, the collateral would be adjusted the next business day to ensure adequate collateralization. In the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings. If the borrower fails to return loaned securities, cash collateral being maintained by the borrower is insufficient to cover the value of loaned securities, and such collateral insufficiency is not the result of investment losses, the lending agent has agreed to pay the amount of the shortfall to the Portfolio or, at the option of the lending agent, to replace the securities. In the event of the bankruptcy of the borrower, the Portfolio could experience delay in recovering the loaned securities or only recover cash or a security of equivalent value.

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Subject to its stated investment policies, the Portfolio will generally invest the cash collateral received for the loaned securities in The DFA Short Term Investment Fund (the “Money Market Series”), an affiliated registered money market fund advised by the Advisor for which the Advisor receives a management fee of 0.05% of the average daily net assets of the Money Market Series. Income received from the Money Market Series is netted with fees for securities lending and collateral investment expenses and with other payments to and from borrowers of securities. The Portfolio also may invest the cash collateral received for the loaned securities in securities of the U.S. government or its agencies, repurchase agreements collateralized by securities of the U.S. government or its agencies, and affiliated or unaffiliated money market funds that are registered or unregistered. For purposes of this paragraph, agencies include both agency debentures and agency mortgage-backed securities. Additionally, the Portfolio will be able to terminate the loan at any time and will receive reasonable interest on the loan, as well as amounts equal to any dividends, interest or, other distributions on the loaned securities. However, dividend income received from loaned securities may not be eligible for taxation at qualified dividend income rates.

The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2021 (amounts in thousands):

	Remaining Contractual Maturity of the Agreements As of October 31, 2021
	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
Securities Lending Transactions
U.S. Large Company Portfolio
Common Stocks	$	5,592		—		—		—	$	5,592

J. Indemnitees; Contractual Obligations:

Under the Fund’s organizational documents, its Officers and Directors are indemnified against certain liabilities arising out of the performance of their duties to the Fund.

In the normal course of business, the Fund enters into contracts that contain a variety of representations and warranties that provide general indemnification. The Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Fund and/or its affiliates that have not yet occurred. However, based on experience, the Fund expects the risk of loss to be remote.

K. Recently Issued Accounting Standards and Regulations:

In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU No. 2021-01, with further amendments to Topic 848. The amendments in the ASUs provide optional temporary accounting recognition and financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the LIBOR and other interbank-offered based reference rates as of the end of 2021 and 2023. The ASUs are effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management has reviewed the requirements and believes the adoption of these ASUs will not have a material impact on the Portfolio’s financial statements.

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 Portfolio could enter, eliminate the asset segregation framework currently used by the Portfolio 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 Portfolio is required to comply on August 19, 2022. Management is currently evaluating the effect, if any, the Derivatives Rule will have on the Portfolio.

157

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 Portfolio.

L. 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 the Portfolio’s performance.

M. Other:

As of October 31, 2021, the following number of shareholders held the following approximate percentages of the Portfolio’s outstanding shares. One or more of the shareholders may be omnibus accounts, which typically hold shares for the benefit of several other underlying investors.

	Number of Shareholders		Approximate Percentage of Outstanding Shares
U.S. Large Company Portfolio-Institutional Class		4		71	%

The Portfolio is subject to claims and suits that arise from time to time in the ordinary course of business (for example, ongoing claw back litigation against former shareholders of portfolio companies that filed for bankruptcy, such as The Tribune Company and Nine West). Although management currently believes that resolving claims against the Portfolio, individually or in aggregate, will not have a material adverse impact on the Portfolio’s 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.

N. Subsequent Event Evaluations:

Management has evaluated the impact of all subsequent events on the Portfolio through the date on which the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements.

158

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Dimensional Investment Group Inc. and Shareholders of U.S. Large Company Portfolio

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the summary schedule of portfolio holdings, of U.S. Large Company Portfolio (one of the portfolios constituting Dimensional Investment Group Inc., hereafter referred to as the “Portfolio”) as of October 31, 2021, the related statement of operations for the year ended October 31, 2021, the statement of changes in net assets for each of the two years in the period ended October 31, 2021, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2021 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Portfolio as of October 31, 2021, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2021 and the financial highlights for each of the five years in the period ended October 31, 2021 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Portfolio’s management. Our responsibility is to express an opinion on the Portfolio’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Portfolio in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2021 by correspondence with the custodian, broker and transfer agent of the investee fund. We believe that our audits provide a reasonable basis for our opinion.

/s/PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 22, 2021

We have served as the auditor of one or more investment companies in Dimensional Fund Advisors L.P. investment company group since 1981.

159

THE DFA INVESTMENT TRUST COMPANY

PERFORMANCE CHARTS

(Unaudited)

The U.S. Large Cap Value Series vs.

Russell 1000^™ Value Index

October 31, 2011-October 31, 2021

					Past performance is not predictive of future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes.
	Average Annual Total Return	One Year	Five Years	Ten Years
		48.85%	12.58%	13.55%

160

MANAGEMENT’S DISCUSSION AND ANALYSIS

U.S. Equity Market Review 12 Months Ended October 31, 2021

U.S. equities had positive returns for the period. The broad U.S. equity market, as measured by the Russell 3000^® Index, gained approximately 43.90% . As measured by Russell indices, small-cap stocks outperformed large-cap stocks, and mid-cap stocks, a subset of the large-cap universe, outperformed large-cap stocks but underperformed small-cap stocks. Value stocks outperformed growth stocks as measured by the Russell indices.

Total Return for 12 Months Ended October 31, 2021

Russell 3000® Index	43.90	%
Russell 1000® Index (large-cap stocks)	43.51	%
Russell Midcap® Index (mid-cap stocks)	45.40	%
Russell 2000® Index (small-cap stocks)	50.80	%
Russell Microcap® Index (micro-cap stocks)	62.54	%
Dow Jones U.S. Select REIT Index SM	56.10	%

Total Return for 12 Months Ended October 31, 2021

Russell 1000® Value Index (large-cap value stocks)	43.76	%
Russell 1000® Growth Index (large-cap growth stocks)	43.21	%
Russell 2000® Value Index (small-cap value stocks)	64.30	%
Russell 2000® Growth Index (small-cap growth stocks)	38.45	%

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

U.S. Large Cap Value Series

The U.S. Large Cap Value Series is designed to capture the returns of U.S. large company low relative price (value) stocks. The investment strategy is process driven, emphasizing broad diversification with increased exposure to stocks with smaller market capitalizations, lower relative price (value), and higher profitability within the large-cap value segment of the U.S. market. As of October 31, 2021, the Series held approximately 370 securities. Average cash exposure throughout the year was less than 1% of the Series’ assets.

For the 12 months ended October 31, 2021, total returns were 48.85% for the Series and 43.76% for the Russell 1000^® Value Index, the Series’ benchmark. With low relative price (value) stocks outperforming high relative price (growth) stocks, the Series’ greater emphasis on value stocks as compared to the benchmark contributed positively to the Series’ relative performance. The Series’ emphasis on stocks with smaller market capitalizations within the large cap universe also contributed positively to relative performance, as these stocks outperformed their larger counterparts for the period. Additionally, the Series’ exclusion of highly regulated utilities contributed positively to relative performance, as utilities generally underperformed.

161

THE DFA INVESTMENT TRUST COMPANY

DISCLOSURE OF FUND EXPENSES

(Unaudited)

The following Expense Table is shown so that you can understand the impact of fees on your investment. All mutual funds have operating expenses. As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports, among others. Operating expenses and legal and audit services, which are deducted from a fund’s gross income, directly reduce the investment return of the fund. A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs, in dollars, of investing in the fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.

The Expense Table below illustrates your fund’s costs in two ways.

Actual Fund Return

This section helps you to estimate the actual expenses after fee waivers that you paid over the period. The “Ending Account Value” shown is derived from the fund’s actual return, and “Expenses Paid During Period” reflects the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.

To do so, simply divide your account value by $1,000 (for example, a $7,500 account value divided by $1,000 = 7.5), then multiply the result by the number given for your fund under the heading “Expenses Paid During Period.”

Hypothetical Example for Comparison Purposes

This section is intended to help you compare your fund’s costs with those of other mutual funds. The hypothetical “Ending Account Value” and “Expenses Paid During Period” are derived from the fund’s actual expense ratio and an assumed 5% annual return before expenses. In this case, because the return used is not the fund’s actual return, the results do not apply to your investment. The example is useful in making comparisons because the SEC requires all mutual funds to calculate expenses based on a 5% annual return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect any transactional costs, if applicable. The “Annualized Expense Ratio” represents the actual expenses for the six-month period indicated.

Six Months Ended October 31, 2021

EXPENSE TABLE

	Beginning Account Value 05/01/21		Ending Account Value 10/31/21		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
The U.S. Large Cap Value Series
Actual Fund Return	$	1,000.00	$	1,040.60		0.11	%	$	0.57
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.65		0.11	%	$	0.56

(1) Expenses are equal to the fund’s annualized expense ratio for the six-month period, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period (184), then divided by the number of days in the year (365) to reflect the six-month period.

162

THE DFA INVESTMENT TRUST COMPANY

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

The SEC requires that all funds file a complete Schedule of Investments with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. For The DFA Investment Trust Company, this would be for the fiscal quarters ending January 31 and July 31. Such Form N-PORT filing must be made within 60 days of the end of the quarter. The DFA Investment Trust Company filed its most recent Form N-PORT with the SEC on September 24, 2021. They are available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

SEC regulations permit a fund to include in its reports to shareholders a “Summary Schedule of Portfolio Holdings” in lieu of a full Schedule of Investments. The Summary Schedule of Portfolio Holdings reports the fund’s 50 largest holdings in unaffiliated issuers and any investments that exceed one percent of the fund’s net assets at the end of the reporting period. The regulations also require that the Summary Schedule of Portfolio Holdings identify each category of investments that are held.

A fund is required to file a complete Schedule of Investments with the SEC on Form N-CSR within ten days after mailing the annual and semi-annual reports to shareholders. It will be available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

PORTFOLIO HOLDINGS

The SEC requires that all funds present their categories of portfolio holdings in a table, chart, or graph format in their annual and semi-annual shareholder reports, whether or not a Schedule of Investments is used. The following table, which presents portfolio holdings as a percentage of total investments before short-term investments and collateral for loaned securities, is provided in compliance with this requirement. The categories shown below represent broad industry sectors. Each industry sector consists of one or more specific industry classifications.

DOMESTIC EQUITY PORTFOLIO

The U.S. Large Cap Value Series
Communication Services	9.7	%
Consumer Discretionary	7.1	%
Consumer Staples	6.0	%
Energy.	8.0	%
Financials	22.0	%
Health Care.	15.9	%
Industrials.	13.8	%
Information Technology	9.3	%
Materials.	7.5	%
Real Estate.	0.5	%
Utilities.	0.2	%
	100.0	%

163

THE U.S. LARGE CAP VALUE SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

	Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (98.6%)
COMMUNICATION SERVICES — (9.6%)
AT&T, Inc.		22,876,258	$	577,854,277		1.9	%
#*   Charter Communications, Inc., Class A		391,280		264,070,959		0.9	%
Comcast Corp., Class A		14,284,552		734,654,509		2.5	%
*   T-Mobile U.S., Inc.		1,375,885		158,268,052		0.5	%
Verizon Communications, Inc.		5,468,340		289,767,337		1.0	%
*   Walt Disney Co.		2,075,362		350,881,453		1.2	%
Other Securities				489,852,730		1.6	%
TOTAL COMMUNICATION SERVICES				2,865,349,317		9.6	%
CONSUMER DISCRETIONARY — (7.0%)
DR Horton, Inc.		2,991,530		267,053,883		0.9	%
*   General Motors Co.		5,294,855		288,198,958		1.0	%
Other Securities				1,548,523,355		5.2	%
TOTAL CONSUMER DISCRETIONARY				2,103,776,196		7.1	%
CONSUMER STAPLES — (5.9%)
Mondelez International, Inc., Class A		3,446,636		209,348,671		0.7	%
Walmart, Inc.		3,574,592		534,115,537		1.8	%
Other Securities				1,025,555,734		3.4	%
TOTAL CONSUMER STAPLES				1,769,019,942		5.9	%
ENERGY — (7.8%)
Chevron Corp.		2,479,971		283,931,880		1.0	%
ConocoPhillips		5,239,620		390,299,294		1.3	%
Exxon Mobil Corp.		6,882,535		443,717,031		1.5	%
Marathon Petroleum Corp.		2,499,258		164,776,080		0.6	%
Other Securities				1,060,936,802		3.5	%
TOTAL ENERGY				2,343,661,087		7.9	%
FINANCIALS — (21.7%)
Bank of America Corp.		9,081,247		433,901,934		1.5	%
*   Berkshire Hathaway, Inc., Class B		1,932,050		554,517,671		1.9	%
Capital One Financial Corp.		1,585,334		239,432,994		0.8	%
Citigroup, Inc.		5,054,796		349,589,691		1.2	%
Fifth Third Bancorp.		4,368,319		190,152,926		0.6	%
Goldman Sachs Group, Inc.		1,096,257		453,137,831		1.5	%
Hartford Financial Services Group, Inc.		2,301,121		167,820,755		0.6	%
JPMorgan Chase & Co.		5,030,448		854,622,811		2.9	%
Morgan Stanley		4,295,101		441,450,481		1.5	%
PNC Financial Services Group, Inc.		1,142,434		241,087,847		0.8	%
Travelers Cos., Inc.		1,136,535		182,845,751		0.6	%
Truist Financial Corp.		2,893,413		183,644,923		0.6	%
Wells Fargo & Co.		5,521,821		282,496,362		0.9	%
Other Securities				1,927,065,509		6.4	%
TOTAL FINANCIALS				6,501,767,486		21.8	%
HEALTH CARE — (15.7%)
Anthem, Inc.		803,952		349,823,634		1.2	%
Bristol-Myers Squibb Co.		4,416,689		257,934,638		0.9	%
Cigna Corp.		1,075,436		229,723,884		0.8	%

164

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

	Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
CVS Health Corp.		4,791,977	$	427,827,707		1.4	%
Danaher Corp.		975,010		303,978,868		1.0	%
Humana, Inc.		517,327		239,605,173		0.8	%
*   Laboratory Corp. of America Holdings		758,731		217,770,972		0.7	%
Medtronic PLC		1,794,733		215,116,697		0.7	%
Pfizer, Inc.		17,597,787		769,727,203		2.6	%
Thermo Fisher Scientific, Inc.		758,947		480,466,577		1.6	%
Other Securities				1,191,420,489		4.0	%
TOTAL HEALTH CARE				4,683,395,842		15.7	%
INDUSTRIALS — (13.6%)
Eaton Corp. PLC		1,110,312		182,935,005		0.6	%
FedEx Corp.		1,020,334		240,319,267		0.8	%
Kansas City Southern		679,296		210,751,584		0.7	%
Norfolk Southern Corp.		802,832		235,269,918		0.8	%
Raytheon Technologies Corp.		2,028,378		180,241,669		0.6	%
Republic Services, Inc.		1,835,706		247,086,028		0.8	%
Other Securities				2,774,436,817		9.4	%
TOTAL INDUSTRIALS				4,071,040,288		13.7	%
INFORMATION TECHNOLOGY — (9.2%)
HP, Inc.		9,358,742		283,850,645		0.9	%
Intel Corp.		12,800,223		627,210,927		2.1	%
Micron Technology, Inc.		4,258,919		294,291,303		1.0	%
Other Securities				1,547,720,558		5.2	%
TOTAL INFORMATION TECHNOLOGY				2,753,073,433		9.2	%
MATERIALS — (7.4%)
Freeport-McMoRan, Inc.		5,290,412		199,554,341		0.7	%
*   Linde PLC		736,764		235,175,069		0.8	%
Nucor Corp.		2,025,072		226,099,289		0.8	%
Other Securities				1,558,777,935		5.1	%
TOTAL MATERIALS				2,219,606,634		7.4	%
REAL ESTATE — (0.5%)
Other Securities				147,125,781		0.5	%
UTILITIES — (0.2%)
Other Securities				68,513,936		0.2	%
TOTAL COMMON STOCKS (Cost $16,670,232,267)				29,526,329,942		99.0	%
TEMPORARY CASH INVESTMENTS — (0.9%)
State Street Institutional U.S. Government Money Market Fund, 0.025%		252,244,635		252,244,635		0.9	%
SECURITIES LENDING COLLATERAL — (0.5%)
@§ The DFA Short Term Investment Fund		13,464,092		155,779,548		0.5	%
TOTAL INVESTMENTS—(100.0%) (Cost $17,078,248,214)			$	29,934,354,125		100.4	%

165

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

As of October 31, 2021, The U.S. Large Cap Value Series 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		938		12/17/21	$	206,938,892	$	215,599,300	$	8,660,408
Total Futures Contracts					$	206,938,892	$	215,599,300	$	8,660,408

Summary of the Series’ investments as of October 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	$	2,865,349,317		—		—	$	2,865,349,317
Consumer Discretionary		2,103,776,196		—		—		2,103,776,196
Consumer Staples		1,769,019,942		—		—		1,769,019,942
Energy		2,343,661,087		—		—		2,343,661,087
Financials		6,501,767,486		—		—		6,501,767,486
Health Care		4,683,395,842		—		—		4,683,395,842
Industrials		4,071,040,288		—		—		4,071,040,288
Information Technology		2,753,073,433		—		—		2,753,073,433
Materials		2,219,606,634		—		—		2,219,606,634
Real Estate		147,125,781		—		—		147,125,781
Utilities		68,513,936		—		—		68,513,936
Temporary Cash Investments		252,244,635		—		—		252,244,635
Securities Lending Collateral		—	$	155,779,548		—		155,779,548
Futures Contracts**		8,660,408		—		—		8,660,408
TOTAL	$	29,787,234,985	$	155,779,548		—	$	29,943,014,533

** Valued at the unrealized appreciation/(depreciation) on the investment.

See accompanying Notes to Financial Statements.

166

THE DFA INVESTMENT TRUST COMPANY

STATEMENT OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands)

	The U.S. Large Cap Value Series*
ASSETS:
Investment Securities at Value (including $399,832 of securities on loan)	$	29,526,330
Temporary Cash Investments at Value & Cost		252,245
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $155,771)		155,780
Segregated Cash for Futures Contracts		10,787
Foreign Currencies at Value		94
Receivables:
Investment Securities Sold		43,437
Dividends and Interest		43,402
Securities Lending Income		50
Futures Margin Variation		445
Total Assets		30,032,570
LIABILITIES:
Payables:
Upon Return of Securities Loaned		156,095
Investment Securities Purchased		50,194
Due to Advisor		2,512
Accrued Expenses and Other Liabilities		3,126
Total Liabilities		211,927
NET ASSETS	$	29,820,643
Investment Securities at Cost	$	16,670,232
Foreign Currencies at Cost	$	96

* See Note J in the Notes to Financial Statements for additional information about securities lending collateral.

See accompanying Notes to Financial Statements.

167

THE DFA INVESTMENT TRUST COMPANY

STATEMENT OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

	The U.S. Large Cap Value Series#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $0)	$	572,024
Income from Securities Lending		708
Total Investment Income		572,732
Expenses
Investment Management Fees		28,214
Accounting & Transfer Agent Fees		1,255
Custodian Fees		234
Shareholders’ Reports		57
Directors’/Trustees’ Fees & Expenses		299
Professional Fees		357
Other		618
Total Expenses		31,034
Net Expenses		31,034
Net Investment Income (Loss)		541,698
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		1,388,344
Affiliated Investment Companies Shares Sold		16
Futures		49,910
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		8,413,121
Affiliated Investment Companies Shares		(20	)
Futures		12,740
Net Realized and Unrealized Gain (Loss)		9,864,111
Net Increase (Decrease) in Net Assets Resulting from Operations	$	10,405,809

** Net of foreign capital gain taxes withheld of $0.

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

168

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	The U.S. Large Cap Value Series
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	541,698		$	647,521
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		1,388,344			(556,816	)
Affiliated Investment Companies Shares Sold		16			(345	)
Futures		49,910			70,664
Foreign Currency Transactions		—			(1	)
In-Kind Redemptions		—			32,114
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		8,413,121			(3,555,408	)
Affiliated Investment Companies Shares		(20	)		(15	)
Futures		12,740			(5,465	)
Net Increase (Decrease) in Net Assets Resulting from Operations		10,405,809			(3,367,751	)
Transactions in Interest:
Contributions		808,201			715,292
Withdrawals		(3,547,772	)		(5,122,814	)
Net Increase (Decrease) from Transactions in Interest		(2,739,571	)		(4,407,522	)
Total Increase (Decrease) in Net Assets		7,666,238			(7,775,273	)
Net Assets
Beginning of Year		22,154,405			29,929,678
End of Year	$	29,820,643		$	22,154,405

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0.

See accompanying Notes to Financial Statements.

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THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

	The U.S. Large Cap Value Series
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Total Return		48.85	%		(11.42	%)		7.15	%		2.95	%		24.31	%
Net Assets, End of Year (thousands)	$	29,820,643		$	22,154,405		$	29,929,678		$	29,242,795		$	27,676,546
Ratio of Expenses to Average Net Assets		0.11	%		0.11	%		0.11	%		0.11	%		0.11	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed)		0.11	%		0.11	%		0.11	%		0.11	%		0.11	%
Ratio of Net Investment Income to Average Net Assets		1.92	%		2.53	%		2.50	%		2.14	%		2.19	%
Portfolio Turnover Rate		10	%		4	%		10	%		13	%		15	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

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THE DFA INVESTMENT TRUST COMPANY

NOTES TO FINANCIAL STATEMENTS

A. Organization:

The DFA Investment Trust Company (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940. The Trust consists of ten operational portfolios, one of which, The U.S. Large Cap Value Series (the “Series”), is included in this section of the report. The remaining operational portfolios are presented in separate reports. The Series is an investment company, and accordingly, follows the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”), Topic 946, “Financial Services-Investment Companies.”

B. Significant Accounting Policies:

The following significant accounting policies are in conformity with accounting principles generally accepted in the United States of America. Such policies are consistently followed by the Trust in preparation of its financial statements. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the fair value of investments, the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates, and those differences could be material.

1. Security Valuation: The Series uses 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 Series’ own assumptions in determining the fair value of investments)

Securities held by the Series, including over-the-counter securities, are valued at the last quoted sale price of the day. Securities held by the Series 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 Series 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.

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 Trustees of the Trust. 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 the Series is calculated. When fair value pricing is used, the prices of securities used by the Series 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 or Level 3 in the hierarchy.

Futures contracts held by the Series 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.

Over-the-counter derivative contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 in the hierarchy.

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A summary of the inputs used to value the Series’ investments by each major security type, industry and/or country is disclosed previously in this note. Valuation hierarchy tables have been included at the end of the Summary Schedule of Portfolio Holdings. The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

2. Deferred Compensation Plan: Each eligible Trustee of the Trust may elect to participate in the Fee Deferral Plan for Independent Directors and Trustees (the “Plan”). Under the Plan, effective January 1, 2002, such Trustees may defer payment of all or a portion of their total fees earned as a Trustee. These deferred amounts may be treated as though such amounts had been invested in shares of the following funds: the U.S. Large Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Large Company Portfolio, U.S. Vector Equity Portfolio, U.S. Micro Cap Portfolio, DFA International Value Portfolio, International Core Equity Portfolio, Emerging Markets Portfolio, Emerging Markets Core Equity Portfolio, DFA Inflation-Protected Securities Portfolio, and/or DFA Two-Year Global Fixed Income Portfolio. Contributions made under the Plan and the change in unrealized appreciation (depreciation) and income are included in Directors’/ Trustees’ Fees & Expenses.

The Trustees may receive their distributions of proceeds by one of the following methods: lump sum, annual installments over a period of agreed-upon years, or quarterly installments over a period of agreed-upon years. Each Trustee shall have the right in a notice of election (the “Notice”) to defer the receipt of the Trustee’s deferred compensation until a date specified by such Trustee in the Notice. The date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Trustee ceases to be a member of the Board of Trustees of the Trust; and (ii) five years following the effective date of the Trustee’s first deferral election. If a Trustee who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Trustee’s deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Trustee ceases to be a member of the Board (unless the Trustee files an amended Notice selecting a different distribution date).

3. Other: Security transactions are accounted for as of the trade date. Costs used in determining realized gains and losses on the sale of investment securities and foreign currency are accounted for on the basis of identified cost. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities and that represent a return of capital or capital gains are recorded as a reduction of cost of investments or as a realized gain, respectively. The Series estimates the character of received distributions that may be considered return of capital distributions. Interest income is recorded on an accrual basis. Discount and premium on securities purchased are amortized over the lives of the respective securities, using the effective interest method. Expenses directly attributable to the Series are directly charged. Common expenses of the Trust or Series are allocated using methods approved by the Board of Trustees, generally based on average net assets.

C. Investment Advisor:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Series. For the year ended October 31, 2021, investment management fees were accrued daily and paid monthly to the Advisor based on the following effective annual rate of average daily net assets:

The U.S. Large Cap Value Series 0.10 % 

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Trustees of the Advisor are also Officers and Trustees of the Trust; however, such Officers and Trustees (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Trust. For the year ended October 31, 2021, the total related amounts paid by the Trust to the CCO were $26 (in thousands). The total related amounts paid by the Series are included in Other Expenses on the Statement of Operations.

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D. Deferred Compensation:

As of October 31, 2021, the total liability for deferred compensation to Trustees is included in Accrued Expenses and Other Liabilities on the Statement of Assets and Liabilities as follows (amount in thousands):

The U.S. Large Cap Value Series $ 701

E. Purchases and Sales of Securities:

For the year ended October 31, 2021, the Series’ transactions related to investment securities, other than short-term securities, in-kind redemptions and U.S. Government securities (amounts in thousands), were as follows:

	Purchases		Sales
The U.S. Large Cap Value Series	$	2,648,516	$	4,843,447

There were no purchases or sales of long-term U.S. government securities.

For the year ended October 31, 2021, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.

The amounts presented below may differ from the respective amounts presented in the Summary Schedule of Portfolio Holdings, Statement of Assets and Liabilities or Statement of Operations due to rounding. The amounts are as follows (amounts in thousands):

	Balance at October 31, 2020		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales		Change in Unrealized Appreciation/ Depreciation			Balance at October 31, 2021		Shares as of October 31, 2021		Dividend Income		Capital Gain Distributions
The U.S. Large Cap Value Series
The DFA Short Term Investment Fund	$	121,296	$	1,507,041	$	1,472,553	$	16	$	(20	)	$	155,780		13,464	$	56		—
Total	$	121,296	$	1,507,041	$	1,472,553	$	16	$	(20	)	$	155,780		13,464	$	56		—

F. Federal Income Taxes:

No provision for federal income taxes is required since the Series is treated as a partnership for federal income tax purposes. Any net investment income and realized and unrealized gains and losses have been deemed to have been “passed down” to its partners.

As of October 31, 2021, the total cost and aggregate gross unrealized appreciation (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes, as follows (amounts in thousands):

	Federal Tax Cost		Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
The U.S. Large Cap Value Series	$	17,058,593	$	13,569,941	$	(694,178	)	$	12,875,763

The difference between GAAP-basis and tax-basis unrealized gains (losses) can occur as a result of wash sales and net mark to market gains (losses) on regulated futures contracts, net mark-to-market gain/loss on foreign currency contracts, and differences in the tax treatment of passive foreign investment company investments.

ASC 740 Accounting for Uncertainty in Income Taxes sets forth a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Management has analyzed the Series’ tax positions and has concluded that no additional provision for income tax is required in the Series’

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financial statements. The Series is not aware of any tax positions for which it is more likely than not that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Series’ federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

G. Financial Instruments:

In accordance with the Series’ investment objectives and policies, the Series 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 Series.

1. Futures Contracts: The Series 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 Series. Upon entering into a futures contract, the Series 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 Series as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Series records a realized gain or loss, which is presented in the Statement 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, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Series could lose more than the initial margin requirements. Entering into stock index futures subjects the Series 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.

Securities have been segregated as collateral for open futures contracts.

The average volume (based on the open positions at each fiscal month-end) of derivative activity for the year ended October 31, 2021 was as follows (amounts in thousands):

	Forward Currency Contracts*		Futures**
The U.S. Large Cap Value Series	$	31	$	183,042

* Average amount of Currency Purchased/Sold in USD

** Average Notional Value of futures contracts

The following is a summary of the Series’ derivative instrument holdings categorized by primary risk exposure as of October 31, 2021 (amounts in thousands):

	Asset Derivatives Value
	Total Value at October 31, 2021		Equity Contracts*,(1)
The U.S. Large Cap Value Series	$	8,660	$	8,660

(1) Presented on Statement of Assets and Liabilities as Receivables or Payables: Futures Margin Variation.

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* Includes cumulative appreciation (depreciation) of futures contracts. Only current day’s margin variation is reported within the Statement of Assets and Liabilities.

The following is a summary of the realized and change in unrealized gains and losses from the Series’ derivative instrument holdings categorized by primary risk exposure for the year ended October 31, 2021 (amounts in thousands):

	Realized Gain (Loss) on Derivatives
	Total		Equity Contracts (1)
The U.S. Large Cap Value Series	$	49,910	$	49,910

	Change in Unrealized Appreciation (Depreciation) on Derivatives
	Total		Equity Contracts (2)
The U.S. Large Cap Value Series	$	12,740	$	12,740

(1) Presented on Statement of Operations as Net Realized Gain (Loss) on: Futures.

(2) Presented on Statement of Operations as Change in Unrealized Appreciation (Depreciation) of: Futures.

H. Line of Credit and Interfund Lending Program:

The Trust, together with other Dimensional-advised portfolios, has entered into a $500 million uncommitted, unsecured discretionary line of credit effective April 7, 2021, with its domestic custodian bank. A line of credit with similar terms was in effect through April 7, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $500 million in the aggregate. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The agreement for the line of credit expires on April 6, 2022.

The Trust, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 2, 2021. A line of credit with similar terms was in effect through January 2, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The line of credit agreement expires on January 1, 2022.

There were no borrowings by the Series under the lines of credit during the year ended October 31, 2021.

Pursuant to an exemptive order issued by the SEC (the “Order”), the Series may participate in an interfund lending program among certain portfolios managed by the Advisor (portfolios that operate as feeder funds do not participate in the program). The program allows the participating portfolios to borrow money from and loan money to each other for temporary or emergency purposes, subject to the conditions in the Order. A loan can only be made through the program if the interfund loan rate on that day is more favorable to both the borrowing and lending portfolios as compared to rates available through short-term bank loans or investments in overnight repurchase

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agreements and money market funds, respectively, as detailed in the Order. Further, a portfolio may participate in the program only if and to the extent that such participation is consistent with its investment objectives and limitations. Interfund loans have a maximum duration of seven days and may be called on one business day’s notice.

The Series did not use the interfund lending program during the year ended October 31, 2021.

I. Affiliated Trades:

Cross trades for the year ended October 31, 2021, if any, were executed by the Series pursuant to procedures adopted by the Board of Trustees of the Trust to ensure compliance with Rule 17a-7 under the Investment Company Act of 1940 (the “1940 Act”). Cross trading is the buying or selling of portfolio securities between series of investment companies, or between a series of an investment company and another entity, that are or could be considered affiliates by virtue of a common investment advisor (or affiliated investment advisors), common Trustees and/or common Officers. At its regularly scheduled meetings, the CCO certifies to the Board that the 17a-7 transactions entered into by the Series complied with the Rule 17a-7 Procedures adopted by the Board of Trustees of the Trust.

For the year ended October 31, 2021, cross trades by the Series under Rule 17a-7 were as follows (amounts in thousands):

Series	Purchases		Sales		Realized Gain (Loss)
The U.S. Large Cap Value Series	$	527,151	$	624,348	$	150,238

J. Securities Lending:

As of October 31, 2021, the Series had securities on loan to brokers/dealers, for which the Series received cash collateral. In addition, the Series received non-cash collateral consisting of short- and/or long-term U.S. Treasuries and U.S. government agency securities as follows (amount in thousands):

	Non-Cash Collateral Market Value
The U.S. Large Cap Value Series	$	252,972

The Series invests the cash collateral, as described below, and records a liability for the return of the collateral, during the period the securities are on loan. Loans of securities are expected at all times to be secured by collateral in an amount (i) equal to at least 100% of the current market value of the loaned securities with respect to securities of the U.S. government or its agencies, (ii) generally equal to 102% of the current market value of the loaned securities with respect to U.S. securities, and (iii) generally equal to 105% of the current market value of the loaned securities with respect to foreign securities. However, daily market fluctuations could cause the Series’ collateral to be lower or higher than the expected thresholds. If this were to occur, the collateral would be adjusted the next business day to ensure adequate collateralization. In the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings. If the borrower fails to return loaned securities, cash collateral being maintained by the borrower is insufficient to cover the value of loaned securities, and such collateral insufficiency is not the result of investment losses, the lending agent has agreed to pay the amount of the shortfall to the Series or, at the option of the lending agent, to replace the securities. In the event of the bankruptcy of the borrower, the Series could experience delay in recovering the loaned securities or only recover cash or a security of equivalent value.

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Subject to its stated investment policies, the Series will generally invest the cash collateral received for the loaned securities in The DFA Short Term Investment Fund (the “Money Market Series”), an affiliated registered money market fund advised by the Advisor for which the Advisor receives a management fee of 0.05% of the average daily net assets of the Money Market Series. Income received from the Money Market Series is netted with fees for securities lending and collateral investment expenses and with other payments to and from borrowers of securities. The Series also may invest the cash collateral received for the loaned securities in securities of the U.S. government or its agencies, repurchase agreements collateralized by securities of the U.S. government or its agencies, and affiliated or unaffiliated money market funds that are registered or unregistered. For purposes of this paragraph, agencies include both agency debentures and agency mortgage-backed securities. Additionally, the Series will be able to terminate the loan at any time and will receive reasonable interest on the loan, as well as amounts equal to any dividends, interest or, other distributions on the loaned securities. However, dividend income received from loaned securities may not be eligible for taxation at qualified dividend income rates.

The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2021 (amounts in thousands):

	Remaining Contractual Maturity of the Agreements As of October 31, 2021
	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
Securities Lending Transactions
The U.S. Large Cap Value Series
Common Stocks	$	156,095		—		—		—	$	156,095

K. Indemnitees; Contractual Obligations:

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust.

In the normal course of business, the Trust enters into contracts that contain a variety of representations and warranties that provide general indemnification. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust and/or its affiliates that have not yet occurred. However, based on experience, the Trust expects the risk of loss to be remote.

L. Recently Issued Accounting Standards and Regulations:

In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU No. 2021-01, with further amendments to Topic 848. The amendments in the ASUs provide optional temporary accounting recognition and financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the LIBOR and other interbank-offered based reference rates as of the end of 2021 and 2023. The ASUs are effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management has reviewed the requirements and believes the adoption of these ASUs will not have a material impact on the Series’ financial statements.

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 Series could enter, eliminate the asset segregation framework currently used by the Series 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 Series is required to comply on August 19, 2022. Management is currently evaluating the effect, if any, the Derivatives Rule will have on the Series.

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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 Series.

M. 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 the Series’ performance.

N. Other:

The Series and the Trust are subject to claims and suits that arise from time to time in the ordinary course of business (for example, ongoing claw back litigation against former shareholders of portfolio companies that filed for bankruptcy, such as The Tribune Company and Nine West). Although management currently believes that resolving claims against the Series and the Trust, individually or in aggregate, will not have a material adverse impact on the Series’ and the Trust’s 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.

O. Subsequent Event Evaluations:

Management has evaluated the impact of all subsequent events on the Series through the date on which the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements.

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Report of Independent Registered Public Accounting Firm

To the Board of Trustees of The DFA Investment Trust Company and Shareholders of The U.S. Large Cap Value Series

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the summary schedule of portfolio holdings, of The U.S. Large Cap Value Series (one of the series constituting The DFA Investment Trust Company, hereafter referred to as the “Series”) as of October 31, 2021, the related statement of operations for the year ended October 31, 2021, the statement of changes in net assets for each of the two years in the period ended October 31, 2021, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2021 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Series as of October 31, 2021, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2021 and the financial highlights for each of the five years in the period ended October 31, 2021 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Series’ management. Our responsibility is to express an opinion on the Series’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Series in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2021 by correspondence with the custodian, brokers and transfer agent of the investee fund; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 22, 2021

We have served as the auditor of one or more investment companies in Dimensional Fund Advisors L.P. investment company group since 1981.

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FUND MANAGEMENT

(Unaudited)

Trustees/Directors

Each Board of Trustees/Directors (each, the “Board” and collectively, the “Boards”) of The DFA Investment Trust Company (“DFAITC”), DFA Investment Dimensions Group Inc. (“DFAIDG”), Dimensional Investment Group Inc. (“DIG”), Dimensional ETF Trust (“ETF Trust”), and Dimensional Emerging Markets Value Fund (“DEM”) (each, the “Fund” and collectively, the “Funds”) is responsible for establishing the Funds’ policies and for overseeing the management of the Funds. The Trustees/ Directors of the Funds, including all of the disinterested Trustees/Directors, have adopted written procedures to monitor potential conflicts of interest that might develop between portfolios of the Funds (the “Feeder Portfolios”) that invest in certain series of DFAITC or DEM (the “Master Funds”).

Each Board has three standing committees, an Audit Committee, a Nominating Committee, and an Investment Strategy Committee (the “Strategy Committee”). The Audit Committee is composed of George M. Constantinides, Roger G. Ibbotson, Abbie J. Smith and Ingrid M. Werner. Each member of the Audit Committee is a disinterested Trustee/Director. The Audit Committee oversees the Fund’s accounting and financial reporting policies and practices, the Fund’s internal controls, the Fund’s financial statements and the independent audits thereof and performs other oversight functions as requested by the Board. The Audit Committee recommends the appointment of each Fund’s independent registered certified public accounting firm and acts as a liaison between the Fund’s independent registered certified public accounting firm and the full Board. There were two Audit Committee meetings held during the fiscal year ended October 31, 2021.

Each Board’s Nominating Committee is composed of George M. Constantinides, Roger G. Ibbotson, Myron S. Scholes, Abbie J. Smith, Douglas W. Diamond, Darrell Duffie and Ingrid M. Werner. Each member of the Nominating Committee is a disinterested Trustee/Director. The Nominating Committee for each Board makes recommendations for nominations of disinterested and interested members on the Board to the disinterested Board members 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. There were four Nominating Committee meetings held during the fiscal year ended October 31, 2021.

Each Board’s Strategy Committee is composed of Gerard K. O’Reilly, Douglas W. Diamond, Myron S. Scholes and Darrell Duffie. The Strategy Committee assists the Board in carrying out its fiduciary duties with respect to the oversight of the Fund and its performance. At the request of the Board or the Advisor, the Strategy Committee (i) reviews the design of possible new series of the Fund, (ii) reviews performance of existing portfolios of the Funds and discusses and recommends possible enhancements to the portfolios’ investment strategies, (iii) reviews proposals by the Advisor to modify or enhance the investment strategies or policies of each portfolio, and (iv) considers issues relating to investment services for each portfolio of the Fund. There were three Strategy Committee meetings held during the fiscal year ended October 31, 2021.

Certain biographical information for each disinterested Trustee/Director and interested Trustee/Director of the Funds is set forth in the tables below, including a description of each Trustee/Director’s experience as a Trustee/Director of the Funds and as a Director or Trustee of other funds, as well as other recent professional experience.

The statements of additional information (together, “SAI”) of the Funds include additional information about each Trustee/Director. You may obtain copies of the SAI and prospectus of each Fund advised by Dimensional Fund Advisors LP by calling collect (512) 306-7400 or by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746. Prospectuses are also available at http://us.dimensional.com.

180

Disinterested Directors/Trustees

Name, Address and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years	Portfolios within the DFA Fund Complex2 Overseen	Other Directorships of Public Companies Held During Past 5 Years
George M. Constantinides University of Chicago Booth School of Business 5807 S. Woodlawn Avenue Chicago, IL 60637 1947	Director/ Trustee	DFAIDG – Since 1983; DIG & DEM – Since 1993; DFAITC – Since 1992; ETF Trust - Since 2020	Leo Melamed Professor of Finance, University of Chicago Booth School of Business (since 1978).	137 portfolios in 5 investment companies	None
Douglas W. Diamond c/o Dimensional Fund Advisors LP 6300 Bee Cave Road, Building One Austin, TX 78746 1953	Director/ Trustee	DFAIDG, DIG, DEM & DFAITC – Since 2017; ETF Trust - Since 2020	Merton H. Miller Distinguished Service Professor of Finance, University of Chicago Booth School of Business (since 1988). Formerly, Visiting Scholar, Federal Reserve Bank of Richmond (1990-2019). Formerly, Fischer Black Visiting Professor of Financial Economics, Alfred P. Sloan School of Management, Massachusetts Institute of Technology (2015-2016).	137 portfolios in 5 investment companies	None
Darrell Duffie c/o Dimensional Fund Advisors LP 6300 Bee Cave Road, Building One Austin, TX 78746 1954	Director/ Trustee	DFAIDG, DIG, DEM & DFAITC – Since 2019; ETF Trust - Since 2020	Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University (since 1984). Director, TNB Inc. (bank) (since 2020).	137 portfolios in 5 investment companies	Formerly, Director, Moody’s Corporation (financial information and information technology) (2008- 2018).
Roger G. Ibbotson Yale School of Management 165 Whitney Avenue New Haven, CT 06511 1943	Director/ Trustee	DFAIDG – Since 1981; DIG & DEM – Since 1993; DFAITC – Since 1992; ETF Trust - Since 2020	Professor in Practice Emeritus of Finance, Yale School of Management (since 1984). Chairman and Partner, Zebra Capital Management, LLC (hedge fund and asset manager) (since 2001). Formerly, Consultant to Morningstar, Inc. (2006-2016).	137 portfolios in 5 investment companies	None
Myron S. Scholes c/o Dimensional Fund Advisors LP 6300 Bee Cave Road, Building One Austin, TX 78746 1941	Director/ Trustee	DFAIDG – Since 1981; DIG & DEM – Since 1993; DFAITC – Since 1992; ETF Trust - Since 2020	Chief Investment Strategist, Janus Henderson Investors (since 2014). Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University (since 1981).	137 portfolios in 5 investment companies	None
Abbie J. Smith University of Chicago Booth School of Business 5807 S. Woodlawn Avenue Chicago, IL 60637 1953	Director/ Trustee	DFAIDG, DIG, DEM & DFAITC – Since 2000; ETF Trust - Since 2020	Boris and Irene Stern Distinguished Service Professor of Accounting and James S. Ely, III Faculty Fellow, University of Chicago Booth School of Business (since 1980).	137 portfolios in 5 investment companies	Director, (since 2000) and formerly, Lead Director (2014- 2017), HNI Corporation (office furniture); Director, Ryder System Inc. (transportation, logistics and supply-chain management) (since 2003); and Trustee, UBS Funds (3 investment companies within the fund complex) (14 portfolios) (since 2009).

181

Name, Address and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years	Portfolios within the DFA Fund Complex2 Overseen	Other Directorships of Public Companies Held During Past 5 Years
Ingrid M. Werner c/o Dimensional Fund Advisors LP 6300 Bee Cave Road, Building One Austin, TX 78746 1961	Director/ Trustee	DFAIDG, DIG, DEM & DFAITC – Since 2019; ETF Trust - Since 2020	Martin and Andrew Murrer Professor of Finance, Fisher College of Business, The Ohio State University (since 1998). Adjunct Member, the Prize Committee for the Swedish Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (annual award for significant scientific research contribution) (since 2018). Director, American Finance Association (global association of academic researchers and practitioners in finance) (since January 2019). Member, Scientific Board, Leibniz Institute for Financial Research (institute supporting academic research in finance) (since 2020). Chair, Economic Advisory Committee, FINRA (since 2017). Chairman, Scientific Advisory Board, Swedish House of Finance (institute supporting academic research in finance) (since 2014). Member, Scientific Board, Danish Finance Institute (institute supporting academic research in finance) (since 2017). Member, Academic Board, Mistra Financial Systems (organization funding academic research on environment, governance and climate/sustainability in finance) (since 2016). Fellow, Center for Analytical Finance (academic research) (since 2015). Associate Editor, Journal of Finance (since 2016). Formerly, President, Western Finance Association (global association of academic researchers and practitioners in finance) (2018- 2019).	137 portfolios in 5 investment companies	Director, Fourth Swedish AP Fund (pension fund asset management) (since 2017).

Interested Director/Trustee

The following interested Director/Trustee is described as such because he is deemed to be an “interested person,” as that term is defined under the 1940 Act, due to his position with the Advisor.

Name, Address and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years	Portfolios within the DFA Fund Complex2 Overseen	Other Directorships of Public Companies Held During Past 5 Years
David G. Booth 6300 Bee Cave Road, Building One Austin, TX 78746 1946	Chairman and Director/ Trustee	DFAIDG – Since 1981; DIG & DFAITC – Since 1992; DEM – Since 1993; ETF Trust – Since 2020	Chairman, Director/Trustee, and formerly, President and Co-Chief Executive Officer (each until March 2017) of Dimensional Emerging Markets Value Fund (“DEM”), DFA Investment Dimensions Group Inc. (“DFAIDG”), Dimensional Investment Group Inc. (“DIG”), The DFA Investment Trust Company (“DFAITC”). Executive Chairman, and formerly, President and Co-Chief Executive Officer (each until February 2017) of Dimensional Holdings Inc., Dimensional Fund Advisors LP, Dimensional Investment LLC and DFA Securities LLC (collectively with DEM, DFAIDG, DIG and DFAITC, the “DFA Entities”). Chairman and Trustee of the ETF Trust (since June 2020). Formerly, Chairman and Director (2009-2018) and Co-Chief Executive Officer (2010 – June 2017) of Dimensional Fund Advisors Canada ULC. Trustee, University of Chicago (since 2002). Trustee, University of Kansas Endowment Association (since	137 portfolios in 5 investment companies	None

182

2005). Member of the Hoover Institution Board (since September 2019). Formerly, Director of Dimensional Fund Advisors Ltd. (2002 – July 2017), DFA Australia Limited (1994 – July 2017), Dimensional Advisors Ltd. (2012 – July 2017), Dimensional Funds plc (2006 – July 2017) and Dimensional Funds II plc (2006 – July 2017). Formerly, Director and President of Dimensional Japan Ltd. (2012 – April 2017). Formerly, President, Dimensional SmartNest (US) LLC (2009-2014); and Limited Partner, VSC Investors, LLC (2007-2015). Formerly, Chairman, Director, President and Co- Chief Executive Officer of Dimensional Cayman Commodity Fund I Ltd. (2010-September 2017).

1 Each Director/Trustee holds office for an indefinite term until his or her successor is elected and qualified.

2 Each Director/Trustee is a director or trustee of each of the five registered investment companies within the DFA Fund Complex, which include: DFAIDG, DIG; DFAITC; DEM; and ETF Trust. Each disinterested Director/Trustee also serves on the Independent Review Committee of the Dimensional Funds, mutual funds registered in the provinces of Canada and managed by the Advisor’s affiliate, Dimensional Fund Advisors Canada ULC.

183

Officers

Below is the name, year of birth, information regarding positions with the Funds and the principal occupation for each officer of the Funds. 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 DFA Entities.

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
Valerie A. Brown 1967	Vice President and Assistant Secretary	Since 2001	Vice President and Assistant Secretary of •  all the DFA Entities (since 2001) •  DFA Australia Limited (since 2002) •  Dimensional Fund Advisors Ltd. (since 2002) •  Dimensional Cayman Commodity Fund I Ltd. (since 2010) •  Dimensional Fund Advisors Pte. Ltd. (since 2012) •  Dimensional Hong Kong Limited (since 2012) •  ETF Trust (since 2020) Director, Vice President and Assistant Secretary (since 2003) of •  Dimensional Fund Advisors Canada ULC
Ryan P. Buechner 1982	Vice President and Assistant Secretary	Since September 2019	Vice President and Assistant Secretary of •  DFAIDG, DIG, DFAITC and DEM (since 2019) •  ETF Trust (since 2020) Vice President (since January 2018) of •  Dimensional Holdings Inc. •  Dimensional Fund Advisors LP •  Dimensional Investment LLC •  DFA Securities LLC
David P. Butler 1964	Co-Chief Executive Officer	Since 2017	Co-Chief Executive Officer of •  all the DFA Entities (since 2017) •  ETF Trust (since 2020) Director (since 2017) of •  Dimensional Holdings Inc. •  Dimensional Fund Advisors Canada ULC •  Dimensional Japan Ltd. •  Dimensional Advisors Ltd. •  Dimensional Fund Advisors Ltd. •  DFA Australia Limited Director and Co-Chief Executive Officer (since 2017) of •  Dimensional Cayman Commodity Fund I Ltd. Head of Global Financial Advisor Services (since 2007) for •  Dimensional Fund Advisors LP Formerly, Vice President (2007 – 2017) of •  all the DFA Entities
Stephen A. Clark 1972	Executive Vice President	Since 2017	Executive Vice President of •  all the DFA Entities (since 2017) •  ETF Trust (since 2020) Director and Vice President (since 2016) of •  Dimensional Japan Ltd. President and Director (since 2016) of •  Dimensional Fund Advisors Canada ULC Vice President (since 2008) and Director (since 2016) of •  DFA Australia Limited Director (since 2016) of •  Dimensional Advisors Ltd. •  Dimensional Fund Advisors Pte. Ltd.

184

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
			•  Dimensional Hong Kong Limited Vice President (since 2019) of •  Dimensional Fund Advisors Pte. Ltd. Formerly, Vice President (2004 – 2017) of •  all the DFA Entities Formerly, Vice President (2010 – 2016) of •  Dimensional Fund Advisors Canada ULC Formerly, Vice President (2016-2019) of •  Dimensional Fund Advisors Pte. Ltd. Formerly, Interim Chief Executive Officer (2019) of •  Dimensional Fund Advisors Pte. Ltd. Formerly, Head of Institutional, North America (2012 – 2013) and Head of Global Institutional Services (2014-2018) for •  Dimensional Fund Advisors LP
Lisa M. Dallmer 1972	Chief Operating Officer	Since June 2021	Chief Operating Officer (since June 2021) of •  the DFA Fund Complex •  ETF Trust Executive Vice President (since January 2020) •  Dimensional Holdings Inc. •  Dimensional Fund Advisors LP •  Dimensional Investment LLC •  DFA Securities LLC Chief Operating Officer (since December 2019) •  Dimensional Holdings Inc. •  Dimensional Fund Advisors LP •  Dimensional Investment LLC •  DFA Securities LLC Formerly, Vice President, Chief Financial Officer, and Treasurer (June 2020- June 2021) of •  the DFA Fund Complex •  ETF Trust Formerly, Senior Vice President, Business Operations (March 2019 – October 2019) at •  Delphix Inc. Formerly, Chief Operating Officer Global Technology & Operations, Managing Director (2014 – 2018) of •  BlackRock Inc.
Bernard J. Grzelak 1971	Vice President	Since June 2021	Vice President (since June 2021) of •  the DFA Fund Complex •  ETF Trust Vice President, Chief Financial Officer and Treasurer (since September 2020) of •  DFA Australia Limited •  Dimensional Fund Advisors Canada ULC •  DFA Securities LLC •  Dimensional Advisors Ltd. •  Dimensional Fund Advisors LP •  Dimensional Fund Advisors Ltd. •  Dimensional Fund Advisors Pte. Ltd. •  Dimensional Holdings Inc. •  Dimensional Hong Kong Limited •  Dimensional Investment LLC Vice President (since March 2021) of

185

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
			•  Dimensional Ireland Limited Formerly, Partner (2008 – 2020), Chief Operating Officer, Global Funds and Risk (2018 – 2020), Chief Operations Officer (2016 – 2018), and Director of Fund Administration (2003 – 2016) of Lord Abbett & Co. LLC Formerly, Chief Financial Officer (2017 – 2020), and Treaurer (2003 – 2017) of Lord Abbett Family of Funds
Eric Hall 1978	Vice President and Assistant Treasurer	Since June 2021	Vice President and Assistant Treasurer (since June 2021) of •  the DFA Fund Complex •  ETF Trust Formerly, Data Integrity Team Lead (December 2019 – April 2021) of •  Clearwater Analytics Formerly, Assistant Vice President and Assistant Treasurer (March 2015 – November 2019) at •  INVESCO, U.S. (formerly, OppenheimerFunds, Inc.)
Jeff J. Jeon 1973	Vice President	Since 2004	Vice President (since 2004) and Assistant Secretary (2017 – 2019) of •  all the DFA Entities Vice President (since 2020) of •  ETF Trust Vice President and Assistant Secretary (since 2010) of •  Dimensional Cayman Commodity Fund I Ltd.
Joy Lopez 1971	Vice President and Assistant Treasurer	Vice President since 2015 and Assistant Treasurer since 2017	Vice President (since 2015) of •  all the DFA Entities Assistant Treasurer (since 2017) of •  the DFA Fund Complex Vice President and Assistant Treasurer (since 2020) of •  ETF Trust Formerly, Senior Tax Manager (2013 – 2015) for •  Dimensional Fund Advisors LP
Kenneth M. Manell 1972	Vice President	Since 2010	Vice President of •  all the DFA Entities (since 2010) •  Dimensional Cayman Commodity Fund I Ltd. (since 2010) •  ETF Trust (since 2020)
Jan Miller 1963	Vice President, Chief Financial Officer, and Treasurer	Since June 2021	Vice President, Chief Financial Officer, and Treasurer (since June 2021) of •  the DFA Fund Complex •  ETF Trust Formerly, Director (May 2019 – January 2021) at •  INVESCO, U.S. (formerly, OppenheimerFunds, Inc.) Formerly, Vice President and Assistant Treasurer (September 2012 – May 2019) at •  OppenheimerFunds, Inc.
Catherine L. Newell 1964	President and General Counsel	President since 2017 and General Counsel sincec 2001	President of •  the DFA Fund Complex (since 2017) •  ETF Trust (since 2020) General Counsel (since 2001) of •  all the DFA Entities Executive Vice President (since 2017) and Secretary (since 2000) of •  Dimensional Fund Advisors LP •  Dimensional Holdings Inc. •  DFA Securities LLC

186

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
			•  Dimensional Investment LLC Director (since 2002), Vice President (since 1997) and Secretary (since 2002) of •  DFA Australia Limited •  Dimensional Fund Advisors Ltd. Vice President and Secretary of •  Dimensional Fund Advisors Canada ULC (since 2003) •  Dimensional Cayman Commodity Fund I Ltd. (since 2010) •  Dimensional Japan Ltd. (since 2012) •  Dimensional Advisors Ltd (since 2012) •  Dimensional Fund Advisors Pte. Ltd. (since 2012) Director of •  Dimensional Funds plc (since 2002) •  Dimensional Funds II plc (since 2006) •  Director of Dimensional Japan Ltd. (since 2012) •  Dimensional Advisors Ltd. (since 2012) •  Dimensional Fund Advisors Pte. Ltd. (since 2012) •  Dimensional Hong Kong Limited (since 2012) •  Dimensional Ireland Limited (since 2019) Formerly, Vice President and Secretary (2010 – 2014) of •  Dimensional SmartNest (US) LLC Formerly, Vice President (1997 – 2017) and Secretary (2000 – 2017) of •  the DFA Fund Complex Formerly, Vice President of •  Dimensional Fund Advisors LP (1997 – 2017) •  Dimensional Holdings Inc. (2006 – 2017) •  DFA Securities LLC (1997 – 2017) •  Dimensional Investment LLC (2009 – 2017)
Selwyn J. Notelovitz 1961	Vice President	Since September 2021	Vice President (since September 2021) of •  the DFA Fund Complex •  ETF Trust Vice President (since December 2012) and Chief Compliance Officer (since July 2020) of: •  DFA Securities LLC •  Dimensional Fund Advisors LP •  Dimensional Holdings Inc. •  Dimensional Investment LLC Chief Compliance Officer (since July 2020) of: •  DFA Australia Limited •  Dimensional Fund Advisors Ltd. •  Dimensional Fund Advisors Canada ULC Formerly, Deputy Chief Compliance Officer (2013 – 2020) of: •  DFA Fund Complex •  DFA Securities LLC •  Dimensional Fund Advisors LP •  Dimensional Holdings Inc. •  Dimensional Investment LLC Formerly, Vice President (2013 – 2020) of: •  DFA Fund Complex Formerly, Director (2019 – 2021) of: •  Dimensional Ireland Limited

187

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
Carolyn L. O 1974	Vice President and Secretary	Vice President since 2010 and Secretary since 2017	Vice President (since 2010) and Secretary (since 2017) of •  the DFA Fund Complex Vice President and Secretary (since 2020) of •  ETF Trust Vice President (since 2010) and Assistant Secretary (since 2016) of •  Dimensional Fund Advisors LP •  Dimensional Holdings Inc. •  Dimensional Investment LLC Vice President of •  DFA Securities LLC (since 2010) •  Dimensional Cayman Commodity Fund I Ltd. (since 2010) •  Dimensional Fund Advisors Canada ULC (since 2016)
Randy C. Olson 1980	Chief Compliance Officer	Since August 2020	Chief Compliance Officer (since 2020) •  all the DFA Funds •  ETF Trust Vice President (since 2016) of •  DFA Securities LLC •  Dimensional Fund Advisors LP •  Dimensional Holdings Inc. •  Dimensional Investment LLC Formerly, Vice President – Senior Compliance Officer •  Dimensional Investment Advisors LP (January 2020 – August 2020 and July 2014 – March 2017) Formerly, Vice President – Head of Compliance & Operations Asia Ex- Japan •  Dimensional Investment Advisors LP (April 2017 – January 2020)
Gerard K. O’Reilly 1976	Co-Chief Executive Officer and Chief Investment Officer	Co-Chief Executive Officer and Chief Investment Officer since 2017	Co-Chief Executive Officer and Chief Investment Officer of •  all the DFA Entities (since 2017) •  Dimensional Fund Advisors Canada ULC (since 2017) •  ETF Trust (since 2020) Director, Chief Investment Officer and Vice President (since 2017) of •  DFA Australia Limited Chief Investment Officer (since 2017) and Vice President (since 2016) of •  Dimensional Japan Ltd. Director, Co-Chief Executive Officer and Chief Investment Officer (since 2017) of •  Dimensional Cayman Commodity Fund I Ltd. Director of •  Dimensional Funds plc (since 2014) •  Dimensional Funds II plc (since 2014) •  Dimensional Holdings Inc. (since 2017) •  Dimensional Ireland Limited (since 2019) Formerly, Co-Chief Investment Officer of •  Dimensional Japan Ltd. (2016 – 2017) •  DFA Australia Limited (2014 – 2017) Formerly, Executive Vice President (2017) and Co-Chief Investment Officer (2014 – 2017) of •  all the DFA Entities Formerly, Vice President (2007 – 2017) of •  all the DFA Entities Formerly, Vice President and Co-Chief Investment Officer (2014 – 2017) of •  Dimensional Fund Advisors Canada ULC Formerly, Director (2017 – 2018) of •  Dimensional Fund Advisors Pte. Ltd.

188

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
James J. Taylor 1983	Vice President and Assistant Treasurer	Since March 2020	Vice President and Assistant Treasurer (since 2020) of •  the DFA Fund Complex •  ETF Trust Vice President (since 2016) •  Dimensional Holdings Inc. •  Dimensional Fund Advisors LP •  Dimensional Investment LLC •  DFA Securities LLC Formerly, Accounting Manager (2015 – 2016) •  Dimensional Fund Advisors LP

1 Each officer holds office for an indefinite term at the pleasure of the Board of Directors/Trustees and until his or her successor is elected and qualified.

189

VOTING PROXIES ON FUND PORTFOLIO SECURITIES

A description of the policies and procedures that the Fund uses in voting proxies relating to securities held in the portfolio is available (1) without charge, upon request, by calling collect: (512) 306-7400; (2) from the Advisor’s website at http://us.dimensional.com; and (3) on the SEC’s website at http://www.sec.gov. Information regarding how the Advisor votes these proxies is available from the EDGAR database on the SEC’s website at http://www.sec.gov and from the Advisor’s website at http://us.dimensional.com and reflects the twelve-month period beginning July 1st and ending June 30th.

190

TAX NOTICE TO SHAREHOLDERS

(Unaudited)

The following information is solely for informational purposes. Each Portfolio is designating the U.S. federal income tax character of the following items with respect to distributions paid or expected to be paid to shareholders related to the fiscal year ended October 31, 2021. All designations are based on financial information available as of the date of this annual report and, accordingly are subject to change. For each classification below and including “Section 163(j) interest dividends” as defined in Treasury Regulation §1.163(j)-1(b)(35) and “Section 199A dividends” as defined in Treasury Regulation §1.199A -3(d), it is the intent of the Portfolio to designate the maximum amount permitted under the Internal Revenue Code and the regulations thereunder.

For U.S. federal income tax purposes, shareholders generally must report distributions received from a Portfolio on a calendar-year basis, which therefore may include distributions with respect to portions of two fiscal years of the Portfolio. Annual statements needed by shareholders concerning the tax status of distributions received for the calendar year 2021 (e.g., IRS Form 1099-DIV) will be provided in early 2022. Shareholders should refer to these statements in preparing their calendar year 2021 tax returns. Please consult your tax advisor for the proper treatment of this information. Unless otherwise noted, the amounts in the table are expressed as a percentage of the distributions paid with respect to the fiscal year ended October 31, 2021.

DFA Investment Dimensions Group Inc.	Net Investment Income Distributions			Short-Term Capital Gain Distributions			Long-Term Capital Gain Distributions			Return of Capital		Tax-Exempt Interest		Total Distributions			Qualified Dividends (for Corporate Dividends Received Deduction) (1)			Qualified Dividend Income (2)			U.S. Government Interest (3)		Foreign Tax Credit (4)		Foreign Source Income (5)		Qualified Net Interest Income (6)		Qualified Short- Term Capital Gain (7)
Enhanced U.S. Large Company Portfolio		12	%		34	%		54	%		—		—		100	%		—			—			—		—		—		—		100	%
U.S. Large Cap Equity Portfolio		100	%		—			—			—		—		100	%		100	%		100	%		—		—		—		—		—
U.S. Large Cap Value Portfolio		100	%		—			—			—		—		100	%		100	%		100	%		—		—		—		—		—
U.S. Targeted Value Portfolio		100	%		—			—			—		—		100	%		100	%		71	%		—		—		—		—		—
U.S. Small Cap Value Portfolio		100	%		—			—			—		—		100	%		100	%		64	%		—		—		—		—		—
U.S. Core Equity 1 Portfolio		100	%		—			—			—		—		100	%		100	%		100	%		—		—		—		—		—
U.S. Core Equity 2 Portfolio		100	%		—			—			—		—		100	%		100	%		100	%		—		—		—		—		—
U.S. Vector Equity Portfolio		100	%		—			—			—		—		100	%		100	%		97	%		—		—		—		—		—
U.S. Small Cap Portfolio		100	%		—			—			—		—		100	%		100	%		100	%		—		—		—		—		—
U.S. Micro Cap Portfolio		100	%		—			—			—		—		100	%		100	%		100	%		—		—		—		—		—
U.S. High Relative Profitability Portfolio		100	%		—			—			—		—		100	%		100	%		100	%		—		—		—		—		—
DFA Real Estate Securities Portfolio		89	%		—			11	%		—		—		100	%		—			—			—		—		—		—		—
DFA Commodity Strategy Portfolio.		100	%		—			—			—		—		100	%		—			—			—		—		—		—		—
Dimensional Investment Group Inc.
U.S. Large Company Portfolio		40	%		—			60	%		—		—		100	%		96	%		100	%		—		—		—		—		—

(1) Qualified Dividends represents the amount that qualifies for the corporate dividends-received deduction under Section 243 of the Internal Revenue Code and is reflected as a percentage of estimated ordinary income distributions (the total of short-term capital gain and net investment income distributions) for the calendar year 2021.

(2) Qualified Dividend Income represents the amount that qualifies for the reduced capital gain tax rate under Section 1(h)(11) of the Internal Revenue Code and is reflected as a percentage of estimated ordinary income distributions (the total of short-term capital gain and net investment income distributions) for the calendar year 2021.

(3) U.S. Government Interest represents the amount of interest that was derived from direct U.S. Government obligations and distributed during the fiscal year. This amount is reflected as a percentage of total estimated ordinary income distributions (the total of short-term capital gain and net investment income distributions) for the calendar year 2021. Generally, interest from direct U.S. Government obligations is exempt from state income tax. Please consult your tax advisor for the availability of a state tax exemption based on your individual circumstances.

See accompanying Notes to Financial Statements.

191

(4) Foreign Tax Credit represents the amount of dividends that qualify for the foreign tax credit pass through under Section 853 of the Internal Revenue Code and is reflected as a percentage of “investment company taxable income” (as defined in Section 852(b)(2) of the Internal Revenue Code).

(5) Foreign Source Income represents the amount of dividends derived from foreign sources and is reflected as a percentage of “investment company taxable income” (as defined in Section 852(b)(2) of the Internal Revenue Code).

(6) Qualified Net Interest Income represents the amount of interest income available as interest-related dividends generally exempt from withholding taxes for non-U.S. shareholders under Section 871(k)(1) of the Internal Revenue Code. The information is reflected as a percentage estimated ordinary income distributions (the total of short-term capital gain and net investment income distributions) for the calendar year 2021.

(7) Qualified Short-Term Capital Gain represents the amount available as short-term capital gain dividends generally exempt from withholding taxes for non-U.S. shareholders under Section 871(k)(2) of the Internal Revenue Code. The information is reflected as a percentage of estimated ordinary income distributions (the total of short-term capital gain and net investment income distributions) for the calendar year 2021.

See accompanying Notes to Financial Statements.

192

Recycled
Recyclable DFA103121-001AD 00267813

Annual Report

Year Ended: October 31, 2021

DFA INVESTMENT DIMENSIONS GROUP INC. / DIMENSIONAL INVESTMENT GROUP INC. / THE DFA INVESTMENT TRUST COMPANY / DIMENSIONAL EMERGING MARKETS VALUE FUND

DFA Investment Dimensions Group Inc.

Large Cap International Portfolio

International Core Equity Portfolio

Global Small Company Portfolio

International Small Company Portfolio

Japanese Small Company Portfolio

Asia Pacific Small Company Portfolio

United Kingdom Small Company Portfolio

Continental Small Company Portfolio

DFA International Real Estate Securities Portfolio

DFA Global Real Estate Securities Portfolio

DFA International Small Cap Value Portfolio

International Vector Equity Portfolio

International High Relative Profitability Portfolio

World ex U.S. Value Portfolio

World ex U.S. Core Equity Portfolio

World Core Equity Portfolio

Selectively Hedged Global Equity Portfolio

Emerging Markets Portfolio

Emerging Markets Small Cap Portfolio

Emerging Markets Value Portfolio

Emerging Markets Core Equity Portfolio

Emerging Markets Targeted Value Portfolio

Dimensional Investment Group Inc.

DFA International Value Portfolio

The DFA Investment Trust Company

The DFA International Value Series

The Japanese Small Company Series

The Asia Pacific Small Company Series

The United Kingdom Small Company Series

The Continental Small Company Series

The Canadian Small Company Series

The Emerging Markets Series

The Emerging Markets Small Cap Series

Dimensional Emerging Markets Value Fund

December 2021

Dear Shareholder,

As we near the end of a year that saw us mark four decades since our founding, we want to thank you for entrusting us with your investments. We built Dimensional to implement the great ideas in finance, with the goal of transforming the investor experience for the better.

We are proud of the role Dimensional has played over the past 40 years in helping drive down costs, providing solutions that can improve diversification, and contributing to investor education. We’re committed to continuing to enhance our research-driven strategies, our efficient implementation, and the services we provide.

Just this past year, we launched an expanded offering for separately managed accounts, broadened our suite of fixed income solutions, and became one of the first asset managers to convert mutual funds into exchange-traded funds, offering greater choice in how investors access Dimensional’s strategies.

We have always focused on empowering financial professionals so they can meet their clients’ evolving needs. The solutions we have recently developed will help further that mission, offering more ability to customize and tailor investments to investors’ specific situations. It’s all part of our enduring tradition of innovation to enable the best possible experience for investors.

For 40 years, we have trusted markets. And for 40 years, we have built trust with financial professionals and investors around the world. The advances made in the industry have been profound for investors, and we believe this is just the beginning. We look forward to many more years of innovating on behalf of our clients and investors.

Sincerely,
David P. Butler	Gerard O’Reilly
CO-CHIEF EXECUTIVE OFFICER	CO-CHIEF EXECUTIVE OFFICER and
	CHIEF INVESTMENT OFFICER

ANNUAL REPORT

Table of Contents

	Page
Letter to Shareholders
Definitions of Abbreviations and Footnotes		1
DFA Investment Dimensions Group Inc.
Performance Charts		3
Management’s Discussion and Analysis		15
Disclosure of Fund Expenses		28
Disclosure of Portfolio Holdings		32
Schedules of Investments/Summary Schedules of Portfolio Holdings
Large Cap International Portfolio		34
International Core Equity Portfolio		38
Global Small Company Portfolio		43
International Small Company Portfolio		44
Japanese Small Company Portfolio		45
Asia Pacific Small Company Portfolio		46
United Kingdom Small Company Portfolio		47
Continental Small Company Portfolio		48
DFA International Real Estate Securities Portfolio		49
DFA Global Real Estate Securities Portfolio		53
DFA International Small Cap Value Portfolio		55
International Vector Equity Portfolio		60
International High Relative Profitability Portfolio		65
World ex U.S. Value Portfolio		69
World ex U.S. Core Equity Portfolio		70
World Core Equity Portfolio		77
Selectively Hedged Global Equity Portfolio		78
Emerging Markets Portfolio		80
Emerging Markets Small Cap Portfolio		81
Emerging Markets Value Portfolio		82
Emerging Markets Core Equity Portfolio		83
Emerging Markets Targeted Value Portfolio		88
Statements of Assets and Liabilities		93
Statements of Operations		99
Statements of Changes in Net Assets		105
Financial Highlights		113
Notes to Financial Statements		126
Report of Independent Registered Public Accounting Firm		155
Dimensional Investment Group Inc.
Performance Charts		157
Management’s Discussion and Analysis		158
Disclosure of Fund Expenses		161
Disclosure of Portfolio Holdings		163
Schedule of Investments
DFA International Value Portfolio		164
Statement of Assets and Liabilities		165
Statement of Operations		166
Statements of Changes in Net Assets		167
Financial Highlights		168
Notes to Financial Statements		170
Report of Independent Registered Public Accounting Firm		177
The DFA Investment Trust Company
Performance Charts		178
Management’s Discussion and Analysis		182
Disclosure of Fund Expenses		187

i

TABLE OF CONTENTS

CONTINUED

	Page
Disclosure of Portfolio Holdings		189
Summary Schedules of Portfolio Holdings
The DFA International Value Series		191
The Japanese Small Company Series		195
The Asia Pacific Small Company Series		198
The United Kingdom Small Company Series		201
The Continental Small Company Series		204
The Canadian Small Company Series		208
The Emerging Markets Series		211
The Emerging Markets Small Cap Series		216
Statements of Assets and Liabilities		221
Statements of Operations		223
Statements of Changes in Net Assets		225
Financial Highlights		228
Notes to Financial Statements		232
Report of Independent Registered Public Accounting Firm		245
Dimensional Emerging Markets Value Fund
Performance Charts		246
Management’s Discussion and Analysis		247
Disclosure of Fund Expenses		250
Disclosure of Portfolio Holdings		252
Summary Schedule of Portfolio Holdings
Dimensional Emerging Markets Value Fund		253
Statement of Assets and Liabilities		258
Statement of Operations		259
Statements of Changes in Net Assets		260
Financial Highlights		261
Notes to Financial Statements		262
Report of Independent Registered Public Accounting Firm		272
Fund Management		273
Board of Directors		273
Voting Proxies on Fund Portfolio Securities		283
Tax Notice to Shareholders		284

This report is submitted for the information of the Portfolio’s shareholders. It is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus.

ii

DFA INVESTMENT DIMENSIONS GROUP INC.

DIMENSIONAL INVESTMENT GROUP INC.

THE DFA INVESTMENT TRUST COMPANY

DIMENSIONAL EMERGING MARKETS VALUE FUND

DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES

Schedules of Investments/Summary Schedules of Portfolio Holdings

Investment Abbreviations
ADR	American Depositary Receipt
SA	Special Assessment
REIT	Real Estate Investment Trust
GDR	Global Depositary Receipt
AUD	Australian Dollars
CHF	Swiss Franc
DKK	Danish Krone
EUR	Euro
GBP	British Pounds
HKD	Hong Kong Dollar
ILS	Israeli New Shekel
JPY	Japanese Yen
NOK	Norwegian Krone
SEK	Swedish Krona
Investment Footnotes
»	Securities that have been fair value factored. See Note B to Financial Statements.
‡	Calculated as a percentage of total net assets. Percentages shown parenthetically next to the category headings have been calculated as a percentage of total investments. “Other Securities” are those securities that are not among the top 50 holdings in unaffiliated issuers of the Fund or do not represent more than 1.0% of the net assets of the Fund. Some of the individual securities within this category may include Total or Partial Securities on Loan and/or Non-Income Producing Securities.
#	Total or Partial Securities on Loan.
*	Non-Income Producing Securities.
†	See Note B to Financial Statements.
@	Security purchased with cash collateral received from Securities on Loan.
§	Affiliated Fund.
††	Security valued using significant unobservable inputs (Level 3).
W	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.

1

DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES

CONTINUED

Financial Highlights

**	The Net Investment Income (Loss) per share and the ratio of Net Investment Income to Average Net Assets includes the current year effect of an estimation related to a one time distribution from a real estate investment trust. Net Investment Income (Loss) per share, Net Gain (Loss) per share and the ratio of Net Investment Income to Average Net Assets for the DFA Global Real Estate Securities Portfolio would have been $0.39, $2.11 and 3.39%, respectively had the current year effect of this estimation not been considered.
(A)	Computed using average shares outstanding.
(B)	Non-Annualized
(C)	Represents the combined ratios for the respective Portfolio and its respective pro-rata share of its Master Fund(s) and/or Underlying Fund(s).
(D)	Annualized
(E)	Because of commencement of operations and related preliminary transaction costs, these ratios are not necessarily indicative of future ratios.
(F)	Represents the combined ratios for the respective Portfolio and its respective pro-rata share of its Master Fund(s).

All Statements, Schedules and Notes to Financial Statements

—	Amounts designated as — are either zero or rounded to zero.
SEC	Securities and Exchange Commission
ʊ	Commencement of Operations.

2

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

Large Cap International Portfolio vs.

MSCI World ex USA Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

International Core Equity Portfolio vs.

MSCI World ex USA Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

3

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

Global Small Company Portfolio vs.

MSCI All Country World Small Cap Index (net dividends)

January 18, 2017-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

International Small Company Portfolio vs.

MSCI World ex USA Small Cap Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

4

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

Japanese Small Company Portfolio vs.

MSCI Japan Small Cap Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

Asia Pacific Small Company Portfolio vs.

MSCI Pacific ex Japan Small Cap Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

5

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

United Kingdom Small Company Portfolio vs.

MSCI United Kingdom Small Cap Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

Continental Small Company Portfolio vs.

MSCI Europe ex UK Small Cap Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

6

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

DFA International Real Estate Securities Portfolio vs.

S&P Global ex U.S. REIT Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Copyright 2021 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved.

DFA Global Real Estate Securities Portfolio vs.

S&P Global REIT Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   Copyright 2021 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved.

7

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

DFA International Small Cap Value Portfolio vs.

MSCI World ex USA Small Cap Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

International Vector Equity Portfolio vs.

MSCI World ex USA Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

8

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

International High Relative Profitability Portfolio vs.

MSCI World ex USA Index (net dividends)

May 16, 2017-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

World Ex U.S. Value Portfolio vs.

MSCI All Country World ex USA Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

9

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

World Ex U.S. Core Equity Portfolio vs.

MSCI All Country World ex USA Index (net dividends)

April 9, 2013-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

World Core Equity Portfolio vs.

MSCI All Country World Index (net dividends)

March 7, 2012-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

10

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

Selectively Hedged Global Equity Portfolio vs.

MSCI All Country World Index (net dividends)

November 14, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

Emerging Markets Portfolio vs.

MSCI Emerging Markets Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

11

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

Emerging Markets Small Cap Portfolio vs.

MSCI Emerging Markets Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

Emerging Markets Value Portfolio — Institutional Class vs.

MSCI Emerging Markets Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

12

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

Emerging Markets Value Portfolio — Class R2 vs.

MSCI Emerging Markets Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

Emerging Markets Core Equity Portfolio vs.

MSCI Emerging Markets Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

13

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

Emerging Markets Targeted Value Portfolio vs.

MSCI Emerging Markets Index (net dividends)

November 14, 2018-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

14

MANAGEMENT’S DISCUSSION AND ANALYSIS

International Equity Market Review 12 Months Ended October 31, 2021

Performance of non-U.S. developed markets was positive for the period. As measured by the MSCI World ex USA indices, small-cap stocks outperformed large-cap stocks, and mid-cap stocks, a subset of the large-cap universe, underperformed large-cap stocks and small-cap stocks. Value stocks outperformed growth stocks as measured by the MSCI World ex USA indices.

12 Months Ended October 31, 2021

	Return in U.S. Dollars
MSCI World ex USA Index		35.59	%
MSCI World ex USA Mid Cap Index		31.20	%
MSCI World ex USA Small Cap Index		37.19	%
MSCI World ex USA Value Index		40.88	%
MSCI World ex USA Growth Index		30.25	%

For the 12 Months Ended October 31, 2021, the U.S. dollar appreciated against some non-U.S. developed markets currencies and depreciated against others. Overall, currency movements did not have a material overall impact on the U.S. dollar-denominated returns of developed markets.

12 Months Ended October 31, 2021

Ten Largest Foreign Developed Markets by Market Cap	Local Return			Return in U.S. Dollars
Japan		30.75	%		19.88	%
United Kingdom		35.57	%		43.72	%
Canada		38.56	%		49.05	%
France		48.30	%		47.33	%
Switzerland		28.36	%		28.75	%
Germany		33.47	%		32.60	%
Australia		27.93	%		36.82	%
Netherlands		60.71	%		59.67	%
Sweden		40.26	%		45.36	%
Hong Kong		18.26	%		17.91	%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2021, all rights reserved.

Emerging markets had positive performance for the period but underperformed both U.S. and non-U.S. developed markets. As measured by the MSCI Emerging Markets indices, small-cap stocks outperformed large-cap stocks, and mid-cap stocks, a subset of the large-cap universe, outperformed large-cap stocks but underperformed small-cap stocks. Value stocks outperformed growth stocks as measured by the MSCI Emerging Markets indices.

15

12 Months Ended October 31, 2021

	Return in U.S. Dollars
MSCI Emerging Markets Index		16.96	%
MSCI Emerging Markets Mid Cap Index		31.20	%
MSCI Emerging Markets Small Cap Index		44.29	%
MSCI Emerging Markets Value Index		28.31	%
MSCI Emerging Markets Growth Index		7.38	%

For the 12 Months Ended October 31, 2021, the U.S. dollar depreciated against some emerging markets currencies and appreciated against others. Overall, currency movements had a positive impact on the U.S. dollar denominated returns of emerging markets.

12 Months Ended October 31, 2021

Ten Largest Emerging Markets by Market Cap Dollars	Local Return			Return in U.S.
China		-9.52	%		-9.21	%
Taiwan		38.36	%		42.32	%
Korea		27.78	%		24.08	%
India		51.78	%		50.21	%
Russia		64.53	%		81.80	%
Brazil		10.38	%		12.91	%
Saudi Arabia		56.07	%		56.04	%
South Africa		18.16	%		26.32	%
Mexico		42.35	%		47.44	%
Thailand		34.75	%		26.57	%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2021, all rights reserved.

For Portfolios investing in non-U.S. equities traded outside of the U.S. market time zone, differences in the valuation timing and methodology between a Portfolio and its benchmark index may impact relative performance over the referenced period. The Portfolios price foreign exchange rates at the closing of the U.S. market, while their benchmark indices use rates at 4 p.m. London time. The Portfolios also may use fair value pricing to price certain portfolio securities at the closing of the U.S. market, while benchmark indices may use local market closing prices. For the one-year period ended October 31, 2021, these differences generally detracted from the Portfolios’ relative performance.

Large Cap International Portfolio

The Large Cap International Portfolio invests in developed ex U.S. large company stocks. The investment strategy is process driven, emphasizing broad diversification. with increased exposure to stocks with smaller total market capitalizations, lower relative price (value) stocks, and higher-profitability stocks within the large-cap segment of developed ex U.S. markets. As of October 31, 2021, the Portfolio held approximately 1,380 securities in 22 eligible developed markets. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

16

For the 12 months ended October 31, 2021, total returns were 35.55% for the Portfolio and 35.59% for the MSCI World ex USA Index (net dividends), the Portfolio’s benchmark. The Portfolio’s greater emphasis on higher-profitability stocks detracted from performance relative to the benchmark, as these stocks generally underperformed lower-profitability stocks. Conversely, the Portfolio’s emphasis on value stocks contributed positively to performance relative to the benchmark, as value stocks outperformed growth stocks in developed ex US markets. These two drivers offset each other, and the portfolio performed in line with the benchmark.

International Core Equity Portfolio

The International Core Equity Portfolio invests in a broadly diversified group of stocks in developed ex U.S. markets, with increased exposure to stocks with smaller market capitalization, lower relative price (value), and higher profitability. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Portfolio held approximately 5,270 securities in 22 eligible developed markets. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 38.56% for the Portfolio and 35.59% for the MSCI World ex USA Index (net dividends), the Portfolio’s benchmark. The Portfolio’s emphasis on low relative price (value) stocks contributed positively to performance relative to the benchmark, as value stocks outperformed high relative price (growth) stocks in developed ex US markets. With small-cap stocks outperforming large-cap stocks for the period, the Portfolio’s inclusion of and emphasis on small-caps also contributed positively to performance relative to the benchmark, which is composed primarily of large-and mid-cap stocks.

Global Small Company Portfolio

The Global Small Company Portfolio is designed to capture the returns of global small company stocks by purchasing shares of seven funds (which shall be collectively referred to below as the “Underlying Funds”) managed by Dimensional that individually invest in Canada, the United States, the United Kingdom, Europe (including Israel and excluding the U.K.), Japan, the Asia Pacific region (ex Japan), and emerging markets. The Underlying Funds generally exclude stocks with the lowest profitability and highest relative price. The Underlying Funds also generally exclude certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Underlying Funds collectively held approximately 11,420 securities in 44 eligible developed and emerging markets.

For the 12 months ended October 31, 2021, total returns were 49.81% for the Portfolio and 45.22% for the MSCI All Country World Small Cap Index (net dividends), the Portfolio’s benchmark. The Underlying Funds’ greater emphasis on stocks with smaller market capitalizations contributed positively to performance relative to the benchmark, as these stocks outperformed. The Underlying Funds’ exclusion of stocks with the lowest profitability and highest relative price also contributed positively to relative performance, as did the Underlying Funds’ exclusion of stocks with high asset growth, as those stocks underperformed.

17

International Small Company Portfolio

The International Small Company Portfolio invests in developed ex U.S. small company stocks by purchasing shares of five Master Funds managed by Dimensional that invest individually in Canada, the United Kingdom, Europe (including Israel and excluding the U.K.), Japan, and the Asia Pacific region (ex Japan). The Portfolio generally excludes stocks with the lowest profitability and highest relative price. Additionally, the Portfolio generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Master Funds collectively held approximately 4,460 securities in 22 eligible developed markets. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 40.83% for the Portfolio and 37.19% for the MSCI World ex USA Small Cap Index (net dividends), the Portfolio’s benchmark. The Master Funds’ exclusion of stocks with the lowest profitability and highest relative price contributed positively to performance relative to the benchmark, as did the Master Funds’ exclusion of stocks with high asset growth, as those stocks underperformed. The Master Funds’ greater emphasis on stocks with smaller market capitalizations also contributed positively to performance relative to the benchmark, as these stocks outperformed.

Japanese Small Company Portfolio

The Japanese Small Company Portfolio invests in Japanese small company stocks by purchasing shares of the Japanese Small Company Series, a Master Fund managed by Dimensional that invests in such securities. The Master Fund generally excludes stocks with the lowest profitability and highest relative price. Additionally, the Master Fund generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Master Fund held approximately 1,820 securities. Average cash exposure throughout the year was less than 1% of the Master Fund’s assets.

For the 12 months ended October 31, 2021, total returns were 12.66% for the Portfolio and 13.18% for the MSCI Japan Small Cap Index (net dividends), the Portfolio’s benchmark. The Master Fund’s greater emphasis on stocks with smaller market capitalizations detracted from performance relative to the benchmark, as these stocks underperformed. The Master Fund’s exclusion of real estate investment trusts (REITs) also detracted from relative performance, as REITs generally outperformed. Conversely, the Master Fund’s exclusion of stocks with the lowest profitability and highest relative price contributed positively to performance relative to the benchmark, as did the Master Fund’s exclusion of stocks with high asset growth, as those stocks underperformed.

Asia Pacific Small Company Portfolio

The Asia Pacific Small Company Portfolio invests in small company stocks in Australia, Hong Kong, New Zealand, and Singapore by purchasing shares of the Asia Pacific Small Company Series, a Master Fund managed by Dimensional that invests in such securities. The Master Fund generally excludes stocks with the lowest profitability and highest relative price. Additionally, the Master Fund generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Master Fund held approximately 830 securities in 4 eligible countries. Average cash exposure throughout the year was less than 1% of the Master Fund’s assets.

18

For the 12 months ended October 31, 2021, total returns were 37.81% for the Portfolio and 34.27% for the MSCI Pacific ex Japan Small Cap Index (net dividends), the Portfolio’s benchmark. The Master Fund’s emphasis on stocks with smaller market capitalizations, particularly in Australia, contributed positively to performance relative to the benchmark, as larger stocks held by the index underperformed. The Master Fund’s exclusion of real estate investment trusts (REITs) also contributed positively to relative performance, as REITs generally underperformed.

United Kingdom Small Company Portfolio

The United Kingdom Small Company Portfolio invests in small company stocks in the U.K. by purchasing shares of The United Kingdom Small Company Series, a Master Fund managed by Dimensional that invests in such securities. The Master Fund generally excludes stocks with the lowest profitability and highest relative price. Additionally, the Master Fund generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Master Fund held approximately 330 securities. Average cash exposure throughout the year was less than 1% of the Master Fund’s assets.

For the 12 months ended October 31, 2021, total returns were 51.31% for the Portfolio and 45.72% for the MSCI United Kingdom Small Cap Index (net dividends), the Portfolio’s benchmark. The Master Fund’s greater emphasis on stocks with smaller market capitalizations contributed positively to performance relative to the benchmark, as these stocks outperformed. The Master Fund’s exclusion of stocks with the lowest profitability and highest relative price also contributed positively to relative performance, as those securities underperformed for the period.

Continental Small Company Portfolio

The Continental Small Company Portfolio invests in small company stocks in the developed markets of Europe (excluding the U.K.) and Israel by purchasing shares of the Continental Small Company Series, a Master Fund managed by Dimensional that invests in such securities. The Master Fund generally excludes stocks with the lowest profitability and highest relative price. Additionally, the Master Fund generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Master Fund held approximately 1,160 securities in 15 eligible countries. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 50.70% for the Portfolio and 49.80% for the MSCI Europe ex U.K. Small Cap Index (net dividends), the Portfolio’s benchmark. The Master Fund’s exclusion of stocks with the lowest profitability and highest relative price contributed positively to relative performance, as did the Master Fund’s exclusion of stocks with high asset growth, as those securities underperformed for the year. Additionally, the Master Fund’s exclusion of real estate investment trusts (REITs) contributed positively to relative performance, as REITs generally underperformed.

Global Real Estate Market Review 12 Months Ended October 31, 2021

Publicly traded global real estate investment trusts (REITs) had positive returns for the period. Global REITs outperformed U.S., developed non-U.S., and emerging markets equities. The U.S. REIT market, the world’s largest, had positive performance for the period and outperformed non-U.S. REITs. Among non-U.S. REIT markets, South Africa, the Netherlands, and Canada were among the strongest performers, while Malaysia, New Zealand, and Singapore lagged. At the REIT industry level, retail REITs and hotel and resort REITs generally outperformed, while specialized and health care REITs generally underperformed.

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12 Months Ended October 31, 2021

	Return in U.S. Dollars
Dow Jones U.S. Select REIT IndexSM		56.10	%
S&P Global ex U.S. REIT Index		32.85	%
S&P Global REIT Index		44.12	%

Source: Returns are of Standard and Poor’s (S&P) indices net of foreign withholding taxes on dividends. Copyright S&P, 2021. All rights reserved. Dow Jones and S&P have different REIT eligibility criteria which can result in performance differences across different indices representing the same region.

For Portfolios investing in non-U.S. REITs and REIT-like securities traded outside of the U.S. market time zone, differences in the valuation timing and methodology between a Portfolio and its benchmark index may impact relative performance over the referenced period. The Portfolios price foreign exchange rates at the closing of the U.S. market, while their benchmark indices use rates at 4 p.m. London time. The Portfolios also may use fair value pricing to price certain portfolio securities at the closing of the U.S. market, while benchmark indices may use local market closing prices. For the one-year period ended October 31, 2021, these differences did not have material overall impact on the Portfolios’ relative performance.

DFA International Real Estate Securities Portfolio

The DFA International Real Estate Securities Portfolio invests in a broadly diversified portfolio of real estate securities in developed ex U.S. and emerging markets. As of October 31, 2021, the Portfolio held approximately 300 securities in 22 eligible developed ex U.S. and emerging markets. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 33.69% for the Portfolio and 32.85% for the S&P Global ex US REIT Index (net dividends), the Portfolio’s benchmark. Withholding tax rate differences between the Portfolio and the benchmark contributed positively to performance relative to the benchmark as the Portfolio’s actual tax rate was lower than the assumed tax rates of the benchmark. Additionally, Thailand is not an eligible market for the Portfolio but the benchmark holds Thai securities, which contributed positively to relative performance as those securities underperformed.

DFA Global Real Estate Securities Portfolio

The DFA Global Real Estate Securities Portfolio invests in a broadly diversified group of real estate securities in domestic and international markets, including emerging markets. During the period covered by this report, the Portfolio’s investments included the DFA International Real Estate Securities Portfolio, the DFA Real Estate Securities Portfolio, and individual securities. As of October 31, 2021, the Portfolio held, either directly or through the underlying portfolios, approximately 460 securities in 23 eligible developed and emerging markets. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

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For the 12 months ended October 31, 2021, total returns were 42.08% for the Portfolio and 44.12% for the S&P Global REIT Index (net dividends), the Portfolio’s benchmark. Differences in REIT eligibility between the Portfolio and the benchmark detracted from the Portfolio’s performance relative to the benchmark, most notably among tower REITs. The Portfolio includes tower REITs, which are excluded by the benchmark, and these securities generally underperformed.

International Equity Market Review 12 Months Ended October 31, 2021

Performance of non-U.S. developed markets was positive for the period. As measured by the MSCI World ex USA indices, small-cap stocks outperformed large-cap stocks, and mid-cap stocks, a subset of the large-cap universe, underperformed large-cap stocks and small-cap stocks. Value stocks outperformed growth stocks as measured by the MSCI World ex USA indices.

12 Months Ended October 31, 2021

	Return in U.S. Dollars
MSCI World ex USA Index		35.59	%
MSCI World ex USA Mid Cap Index		31.20	%
MSCI World ex USA Small Cap Index		37.19	%
MSCI World ex USA Value Index		40.88	%
MSCI World ex USA Growth Index		30.25	%

For the 12 Months Ended October 31, 2021, the U.S. dollar appreciated against some non-U.S. developed markets currencies and depreciated against others. Overall, currency movements did not have a material overall impact on the U.S. dollar-denominated returns of developed markets.

12 Months Ended October 31, 2021

Ten Largest Foreign Developed Markets by Market Cap	Local Return			Return in U.S. Dollars
Japan		30.75	%		19.88	%
United Kingdom		35.57	%		43.72	%
Canada		38.56	%		49.05	%
France		48.30	%		47.33	%
Switzerland		28.36	%		28.75	%
Germany		33.47	%		32.60	%
Australia		27.93	%		36.82	%
Netherlands		60.71	%		59.67	%
Sweden		40.26	%		45.36	%
Hong Kong		18.26	%		17.91	%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2021, all rights reserved.

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Emerging markets had positive performance for the period but underperformed both U.S. and non-U.S. developed markets. As measured by the MSCI Emerging Markets indices, small-cap stocks outperformed large-cap stocks, and mid-cap stocks, a subset of the large-cap universe, outperformed large-cap stocks but underperformed small-cap stocks. Value stocks outperformed growth stocks as measured by the MSCI Emerging Markets indices.

12 Months Ended October 31, 2021

	Return in U.S. Dollars
MSCI Emerging Markets Index		16.96	%
MSCI Emerging Markets Mid Cap Index		31.20	%
MSCI Emerging Markets Small Cap Index		44.29	%
MSCI Emerging Markets Value Index		28.31	%
MSCI Emerging Markets Growth Index		7.38	%

For the 12 Months Ended October 31, 2021, the U.S. dollar depreciated against some emerging markets currencies and appreciated against others. Overall, currency movements had a positive impact on the U.S. dollar denominated returns of emerging markets.

12 Months Ended October 31, 2021

Ten Largest Emerging Markets by Market Cap Dollars	Local Return			Return in U.S.
China		-9.52	%		-9.21	%
Taiwan		38.36	%		42.32	%
Korea		27.78	%		24.08	%
India		51.78	%		50.21	%
Russia		64.53	%		81.80	%
Brazil		10.38	%		12.91	%
Saudi Arabia		56.07	%		56.04	%
South Africa		18.16	%		26.32	%
Mexico		42.35	%		47.44	%
Thailand		34.75	%		26.57	%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2021, all rights reserved.

For Portfolios investing in non-U.S. equities traded outside of the U.S. market time zone, differences in the valuation timing and methodology between a Portfolio and its benchmark index may impact relative performance over the referenced period. The Portfolios price foreign exchange rates at the closing of the U.S. market, while their benchmark indices use rates at 4 p.m. London time. The Portfolios also may use fair value pricing to price certain portfolio securities at the closing of the U.S. market, while benchmark indices may use local market closing prices. For the one-year period ended October 31, 2021, these differences generally detracted from the Portfolios’ relative performance.

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DFA International Small Cap Value Portfolio

The DFA International Small Cap Value Portfolio invests in small-cap value stocks in developed ex U.S. markets, with an emphasis on those with higher profitability. Additionally, the Portfolio generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Portfolio held approximately 1,980 securities in 22 eligible developed markets. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 44.61% for the Portfolio and 37.19% for the MSCI World ex USA Small Cap Index (net dividends), the Portfolio’s benchmark. With low relative price (value) stocks outperforming high relative price (growth) stocks, the Portfolio’s focus on value stocks contributed positively to performance relative to the style-neutral benchmark.

International Vector Equity Portfolio

The International Vector Equity Portfolio invests in a broadly diversified group of stocks in developed ex U.S. markets, with increased exposure to stocks with smaller market capitalization, lower relative price (value), and higher profitability. The Portfolio’s increased exposure to small capitalization and value stocks may be achieved by decreasing the allocation to or excluding the largest high relative price (growth) stocks in developed ex U.S. markets. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Portfolio held approximately 5,000 securities in 22 eligible developed markets. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 42.24% for the Portfolio and 35.59% for the MSCI World ex USA Index (net dividends), the Portfolio’s benchmark. With low relative price (value) stocks outperforming high relative price (growth) stocks, the Portfolio’s greater emphasis on value stocks contributed positively to performance relative to the style-neutral benchmark. The Portfolio’s inclusion of and emphasis on stocks with smaller market capitalizations also contributed positively to performance relative to the benchmark, which is composed primarily of large-and mid-cap stocks, as small caps outperformed large caps.

International High Relative Profitability Portfolio

The International High Relative Profitability Portfolio invests in developed ex U.S. large-cap stocks with higher profitability. The investment strategy is process driven, emphasizing broad diversification, with increased exposure to stocks with smaller total market capitalizations, lower relative price (value), and higher profitability within the large cap high relative profitability segment of developed ex U.S. markets. As of October 31, 2021, the Portfolio held approximately 550 securities in 22 eligible developed markets. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 31.85% for the Portfolio and 35.59% for the MSCI World ex USA Index (net dividends), the Portfolio’s benchmark. The Portfolio’s focus on stocks with high profitability detracted from performance relative to the benchmark, as high-profitability stocks generally underperformed low profitability stocks for the period.

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World ex U.S. Value Portfolio

The World ex U.S. Value Portfolio is designed to capture the returns of value stocks across all market capitalizations in developed ex U.S. and emerging markets. The Portfolio may pursue its objective by holding direct securities; by purchasing shares of funds managed by Dimensional: the DFA International Value Series, the DFA International Small Cap Value Portfolio, and the Dimensional Emerging Markets Value Fund (the “Underlying Funds”); or by a combination of securities and Underlying Funds. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Portfolio, directly and through the Underlying Funds, held approximately 5,690 securities in 44 eligible developed ex U.S. and emerging markets.

For the 12 months ended October 31, 2021, total returns were 45.23% for the Portfolio and 29.66% for the MSCI All Country World ex USA Index (net dividends), the Portfolio’s benchmark. The Underlying Funds’ focus on low relative price (value) stocks contributed positively to performance relative to the style-neutral benchmark, as value stocks outperformed high relative price (growth) stocks globally. With small-caps outperforming large-caps globally for the period, the Underlying Funds’ inclusion of and emphasis on small-cap stocks also contributed positively to performance relative to the benchmark, which is composed primarily of large- and mid-cap stocks.

World ex U.S. Core Equity Portfolio

The World ex U.S. Core Equity Portfolio invests in a broadly diversified group of stocks in developed ex U.S. and emerging markets with increased exposure to stocks with smaller market capitalization, lower relative price (value), and higher profitability. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Portfolio held approximately 9,790 securities in 46 eligible developed ex U.S. and emerging markets. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 35.87% for the Portfolio and 29.66% for the MSCI All Country World ex USA Index (net dividends), the Portfolio’s benchmark. The Portfolio’s greater emphasis on low relative price (value) stocks contributed positively to performance relative to the benchmark, as value stocks outperformed high relative price (growth) stocks in developed ex U.S. and emerging markets. With small-caps outperforming large-caps in developed ex U.S. and emerging markets for the period, the Portfolio’s inclusion of and emphasis on small-cap stocks also contributed positively to performance relative to the benchmark, which is composed primarily of large- and mid-cap stocks.

World Core Equity Portfolio

The World Core Equity Portfolio seeks long-term capital appreciation generally by investing in a combination of mutual funds managed by Dimensional. During the period covered by this report, the Portfolio’s investments included the U.S. Core Equity 1 Portfolio, International Core Equity Portfolio, and Emerging Markets Core Equity Portfolio (collectively, the “Underlying Funds”). The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Underlying Funds collectively held more than 14,130 equity securities in 47 eligible developed and emerging markets.

For the 12 months ended October 31, 2021, total returns were 40.75% for the Portfolio and 37.28% for the MSCI All Country World Index (net dividends), the Portfolio’s benchmark. With low relative price (value) stocks outperforming high relative price (growth) stocks globally, the Underlying Funds’ greater emphasis on value stocks contributed positively to performance relative to the benchmark. With small-caps outperforming large-caps globally for the period, the Underlying Funds’ inclusion of and emphasis on small-cap stocks also contributed positively to performance relative to the benchmark, which is composed primarily of large- and mid-cap stocks.

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Selectively Hedged Global Equity Portfolio

The Selectively Hedged Global Equity Portfolio seeks long-term capital appreciation by investing in a combination of other mutual funds managed by Dimensional. During the period covered by this report, the Portfolio invests in the U.S. Core Equity 2 Portfolio, International Core Equity Portfolio, and Emerging Markets Core Equity Portfolio (the “Underlying Funds”). The Portfolio hedges foreign currency exposure on a selective basis to capture positive forward currency premiums. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Underlying Funds collectively held approximately 14,180 securities in 47 eligible developed and emerging markets.

For the 12 months ended October 31, 2021, total returns were 40.81% for the Portfolio and 37.28% for the MSCI All Country World Index (net dividends), the Portfolio’s benchmark. With low relative price (value) stocks outperforming high relative price (growth) stocks globally, the Underlying Funds’ greater emphasis on value stocks contributed positively to performance relative to the benchmark. With small-caps outperforming large-caps globally for the period, the Underlying Funds’ inclusion of and emphasis on small-cap stocks also contributed positively to performance relative to the benchmark, which is composed primarily of large- and mid-cap stocks. The Portfolio’s strategy of selectively hedging foreign currency exposure contributed positively to performance relative to the benchmark (which does not hedge currency exposure), as the U.S. dollar generally strengthened against the currencies to which the Portfolio had hedged its exposure.

Emerging Markets Portfolio

The Emerging Markets Portfolio invests in large-cap stocks in emerging markets by purchasing shares of The Emerging Markets Series, a Master Fund managed by Dimensional that invests in such securities. The investment strategy is process driven, emphasizing broad diversification with increased exposure to stocks with smaller market capitalizations, lower relative price (value), and higher-profitability within the large-cap segment of emerging markets. As of October 31, 2021, the Master Fund held approximately 1,720 securities in 24 eligible emerging markets. Average cash exposure throughout the year was less than 1% of the Master Fund’s assets.

For the 12 months ended October 31, 2021, total returns were 21.91% for the Portfolio and 16.96% for the MSCI Emerging Markets Index (net dividends), the Portfolio’s benchmark. The Master Fund’s greater emphasis on low relative price (value) stocks contributed positively to performance relative to the benchmark, as value stocks outperformed high relative price (growth) stocks in emerging markets for the period. The Master Fund’s greater allocation to stocks with smaller market capitalizations within the large cap universe also contributed positively to relative performance, as these stocks outperformed their larger counterparts in emerging markets. The Master Fund’s emphasis on stocks with higher profitability also contributed positively to performance relative to the benchmark, as these stocks generally outperformed.

Emerging Markets Small Cap Portfolio

The Emerging Markets Small Cap Portfolio invests in small company stocks in emerging markets by purchasing shares of The Emerging Markets Small Cap Series, a Master Fund managed by Dimensional that invests in such securities. The Master Fund generally excludes stocks with the lowest profitability and highest relative price. Additionally, the Master Fund generally excludes certain companies that with high asset growth. The Master Fund’s investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Master Fund held approximately 4,960 securities in 21 eligible emerging markets. Average cash exposure throughout the year was less than 1% of the Master Fund’s assets.

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For the 12 months ended October 31, 2021, total returns were 35.51% for the Portfolio and 16.96% for the MSCI Emerging Markets Index (net dividends), the Portfolio’s benchmark. With small-cap stocks outperforming large-cap stocks in emerging markets, the Master Fund’s inclusion of stocks with smaller market capitalizations contributed positively to performance relative to the benchmark, which is composed primarily of large- and mid-cap stocks.

Emerging Markets Value Portfolio

The Emerging Markets Value Portfolio invests in value stocks of large and small companies in emerging markets by purchasing shares of the Dimensional Emerging Markets Value Fund, a Master Fund managed by Dimensional that invests in such securities. The investment strategy is process driven, emphasizing broad diversification with increased exposure to stocks with smaller market capitalizations, lower relative price (value), and higher profitability within the value segment of emerging markets. As of October 31, 2021, the Master Fund held approximately 3,260 securities in 22 eligible emerging markets. Average cash exposure throughout the year was less than 1% of the Master Fund’s assets.

For the 12 months ended October 31, 2021, total returns were 34.91% for the Portfolio’s Class R2 shares, 35.24% for the Portfolio’s Institutional Class shares, and 16.96% for the MSCI Emerging Markets Index (net dividends), the Portfolio’s benchmark. The Master Fund’s focus on low relative price (value) stocks contributed positively to performance relative to the style-neutral benchmark, as value stocks outperformed high relative price (growth) stocks in emerging markets for the period. With small-cap stocks outperforming large-cap stocks, the Master Fund’s inclusion of small-caps also contributed positively to performance relative to the benchmark, which is composed primarily of large- and mid-cap stocks.

Emerging Markets Core Equity Portfolio

The Emerging Markets Core Equity Portfolio invests in a broadly diversified group of stocks in emerging markets, with increased exposure to stocks with smaller market capitalization, lower relative price (value), and higher profitability. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Portfolio held approximately 6,340 securities in 24 eligible emerging markets. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 26.19% for the Portfolio and 16.96% for the MSCI Emerging Markets Index (net dividends), the Portfolio’s benchmark. With low relative price (value) stocks outperforming high relative price (growth) stocks, the Portfolio’s greater emphasis on value stocks contributed positively to performance relative to the benchmark. With small-cap stocks outperforming large-cap stocks in emerging markets for the period, the Portfolio’s inclusion of and emphasis on small-caps also contributed positively to performance relative to the benchmark, which is composed primarily of large- and mid-cap stocks.

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Emerging Markets Targeted Value Portfolio

The Emerging Markets Targeted Value Portfolio invests in value stocks of small- and mid-cap companies in emerging markets. The investment strategy is process driven, emphasizing broad diversification with increased exposure to smaller total market capitalizations, lower relative price (value) stocks, and higher-profitability stocks within the small- and mid-cap value segment of emerging markets. Additionally, the Portfolio generally excludes certain companies with high asset growth. As of October 31, 2021, the Portfolio held approximately 2,710 securities in 21 eligible emerging markets. Average cash exposure throughout the year was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2021, total returns were 38.29% for the Portfolio and 16.96% for the MSCI Emerging Markets Index (net dividends), the Portfolio’s benchmark. The Portfolio’s focus on low relative price (value) stocks contributed positively to performance relative to the style-neutral benchmark, as value stocks outperformed high relative price (growth) stocks in emerging markets for the period. With small-cap and mid-cap stocks outperforming large-cap stocks, the Portfolio’s focus on small- and mid-cap stocks also contributed positively to relative performance, which is composed primarily of large- and mid-cap stocks.

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DFA INVESTMENT DIMENSIONS GROUP INC.

DISCLOSURE OF FUND EXPENSES

(Unaudited)

The following Expense Tables are shown so that you can understand the impact of fees on your investment. All mutual funds have operating expenses. As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports, among others. Operating expenses and legal and audit services, which are deducted from a fund’s gross income, directly reduce the investment return of the fund. A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs, in dollars, of investing in the fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.

The Expense Tables below illustrate your fund’s costs in two ways.

Actual Fund Return

This section helps you to estimate the actual expenses after fee waivers that you paid over the period. The “Ending Account Value” shown is derived from the fund’s actual return, and “Expenses Paid During Period” reflects the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.

To do so, simply divide your account value by $1,000 (for example, a $7,500 account value divided by $1,000 = 7.5), then multiply the result by the number given for your fund under the heading “Expenses Paid During Period.”

Hypothetical Example for Comparison Purposes

This section is intended to help you compare your fund’s costs with those of other mutual funds. The hypothetical “Ending Account Value” and “Expenses Paid During Period” are derived from the fund’s actual expense ratio and an assumed 5% annual return before expenses. In this case, because the return used is not the fund’s actual return, the results do not apply to your investment. The example is useful in making comparisons because the SEC requires all mutual funds to calculate expenses based on a 5% annual return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.

Please note that the expenses shown in the tables are meant to highlight and help you compare ongoing costs only and do not reflect any transactional costs, if applicable. The “Annualized Expense Ratio” represents the actual expenses for the six-month period indicated.

Six Months Ended October 31, 2021

EXPENSE TABLES

	Beginning Account Value 05/01/21		Ending Account Value 10/31/21		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
Large Cap International Portfolio
Actual Fund Return	$	1,000.00	$	1,045.30		0.19	%	$	0.98
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.25		0.19	%	$	0.97
International Core Equity Portfolio
Actual Fund Return	$	1,000.00	$	1,042.30		0.25	%	$	1.29
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.95		0.25	%	$	1.28

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DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning Account Value 05/01/21		Ending Account Value 10/31/21		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
Global Small Company Portfolio (2)
Actual Fund Return	$	1,000.00	$	1,041.60		0.47	%	$	2.42
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.84		0.47	%	$	2.40
International Small Company Portfolio (2)
Actual Fund Return	$	1,000.00	$	1,045.20		0.46	%	$	2.37
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.89		0.46	%	$	2.35
Japanese Small Company Portfolio (3)
Actual Fund Return	$	1,000.00	$	1,015.30		0.47	%	$	2.39
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.84		0.47	%	$	2.40
Asia Pacific Small Company Portfolio (3)
Actual Fund Return	$	1,000.00	$	1,041.00		0.48	%	$	2.47
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.79		0.48	%	$	2.45
United Kingdom Small Company Portfolio (3)
Actual Fund Return	$	1,000.00	$	1,015.30		0.59	%	$	3.00
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.23		0.59	%	$	3.01
Continental Small Company Portfolio (3)
Actual Fund Return	$	1,000.00	$	1,057.00		0.47	%	$	2.44
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.84		0.47	%	$	2.40
DFA International Real Estate Securities Portfolio
Actual Fund Return	$	1,000.00	$	1,037.00		0.27	%	$	1.39
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.84		0.27	%	$	1.38
DFA Global Real Estate Securities Portfolio (4)
Actual Fund Return	$	1,000.00	$	1,089.30		0.24	%	$	1.26
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.00		0.24	%	$	1.22
DFA International Small Cap Value Portfolio
Actual Fund Return	$	1,000.00	$	1,040.70		0.53	%	$	2.73
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.53		0.53	%	$	2.70
International Vector Equity Portfolio
Actual Fund Return	$	1,000.00	$	1,043.00		0.42	%	$	2.16
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.09		0.42	%	$	2.14
International High Relative Profitability Portfolio
Actual Fund Return	$	1,000.00	$	1,051.40		0.30	%	$	1.55
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.69		0.30	%	$	1.53

29

DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning Account Value 05/01/21		Ending Account Value 10/31/21		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
World ex U.S. Value Portfolio (2)
Actual Fund Return	$	1,000.00	$	1,037.20		0.44	%	$	2.26
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.99		0.44	%	$	2.24
World ex U.S. Core Equity Portfolio
Actual Fund Return	$	1,000.00	$	1,023.90		0.32	%	$	1.63
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.59		0.32	%	$	1.63
World Core Equity Portfolio (2)
Actual Fund Return	$	1,000.00	$	1,055.60		0.28	%	$	1.45
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.79		0.28	%	$	1.43
Selectively Hedged Global Equity Portfolio (2)
Actual Fund Return	$	1,000.00	$	1,054.70		0.32	%	$	1.66
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.59		0.32	%	$	1.63
Emerging Markets Portfolio (3)
Actual Fund Return	$	1,000.00	$	963.10		0.39	%	$	1.93
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.24		0.39	%	$	1.99
Emerging Markets Small Cap Portfolio (3)
Actual Fund Return	$	1,000.00	$	1,006.80		0.63	%	$	3.19
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.03		0.63	%	$	3.21
Emerging Markets Value Portfolio (3)
Actual Fund Return
Class R2 Shares	$	1,000.00	$	998.50		0.74	%	$	3.73
Institutional Class Shares	$	1,000.00	$	999.50		0.49	%	$	2.47
Hypothetical 5% Annual Return
Class R2 Shares	$	1,000.00	$	1,021.48		0.74	%	$	3.77
Institutional Class Shares	$	1,000.00	$	1,022.74		0.49	%	$	2.50
Emerging Markets Core Equity Portfolio
Actual Fund Return	$	1,000.00	$	975.10		0.42	%	$	2.09
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.09		0.42	%	$	2.14
Emerging Markets Targeted Value Portfolio
Actual Fund Return	$	1,000.00	$	991.70		0.72	%	$	3.61
Hypothetical 5% Annual Return	$	1,000.00	$	1,021.58		0.72	%	$	3.67

(1) Expenses are equal to the fund’s annualized expense ratio for the six-month period, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period (184), then divided by the number of days in the year (365) to reflect the six-month period.

30

DISCLOSURE OF FUND EXPENSES

CONTINUED

(2) The Portfolio is a Fund of Funds. The expenses shown reflect the direct expenses of the Fund of Funds and the Fund of Funds’ portion of the expenses of its Underlying Funds (Affiliated Investment Companies).

(3) The Portfolio is a Feeder Fund. The expenses shown reflect the direct expenses of the Feeder Fund and the allocation of the Feeder Fund’s portion of the expenses of its Master Fund (Affiliated Investment Company).

(4) The Portfolio invests directly and indirectly through other funds. The expenses shown reflect the direct expenses of the fund and the fund’s portion of the expenses of its Master and/or Underlying Funds (Affiliated Investment Companies).

31

DFA INVESTMENT DIMENSIONS GROUP INC.

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

The SEC requires that all funds file a complete Schedule of Investments with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. For DFA Investment Dimensions Group Inc., this would be for the fiscal quarters ending January 31 and July 31. Such Form N-PORT filing must be made within 60 days of the end of the quarter. DFA Investment Dimensions Group Inc. filed its most recent Form N-PORT with the SEC on September 24, 2021. They are available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

SEC regulations permit a fund to include in its reports to shareholders a “Summary Schedule of Portfolio Holdings” in lieu of a full Schedule of Investments. The Summary Schedule of Portfolio Holdings reports the fund’s 50 largest holdings in unaffiliated issuers and any investments that exceed one percent of the fund’s net assets at the end of the reporting period. The regulations also require that the Summary Schedule of Portfolio Holdings identify each category of investments that are held.

A fund is required to file a complete Schedule of Investments with the SEC on Form N-CSR within ten days after mailing the annual and semi-annual reports to shareholders. It will be available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

PORTFOLIO HOLDINGS

The SEC requires that all funds present their categories of portfolio holdings in a table, chart, or graph format in their annual and semi-annual shareholder reports, whether or not a Schedule of Investments is used. The following table, which presents portfolio holdings as a percentage of total investments before short-term investments and collateral for loaned securities, is provided in compliance with this requirement. The categories shown below represent broad industry sectors. Each industry sector consists of one or more specific industry classifications.

The categories of industry classification for the Affiliated Investment Companies are represented in their Disclosures of Portfolio Holdings, which are included elsewhere in the report. Refer to the Schedule of Investments/Summary Schedule of Portfolio Holdings for each of the underlying Affiliated Investment Company’s holdings, which reflect the investments by category or country.

FEEDER FUNDS

	Affiliated Investment Companies
Japanese Small Company Portfolio		100.0	%
Asia Pacific Small Company Portfolio		100.0	%
United Kingdom Small Company Portfolio		100.0	%
Continental Small Company Portfolio		100.0	%
Emerging Markets Portfolio		100.0	%
Emerging Markets Small Cap Portfolio		100.0	%
Emerging Markets Value Portfolio		100.0	%

FUNDS OF FUNDS

	Affiliated Investment Companies
Global Small Company Portfolio		100.0	%
International Small Company Portfolio		100.0	%
World ex U.S. Value Portfolio		100.0	%
World Core Equity Portfolio		100.0	%
Selectively Hedged Global Equity Portfolio		100.0	%

32

DISCLOSURE OF PORTFOLIO HOLDINGS

CONTINUED

INTERNATIONAL EQUITY PORTFOLIOS

Large Cap International Portfolio
Communication Services	5.4	%
Consumer Discretionary	12.8	%
Consumer Staples	9.7	%
Energy	4.7	%
Financials	16.5	%
Health Care	10.8	%
Industrials	16.9	%
Information Technology	8.6	%
Materials	9.6	%
Real Estate	1.6	%
Utilities	3.4	%
	100.0	%

International Core Equity Portfolio
Communication Services	5.4	%
Consumer Discretionary	14.0	%
Consumer Staples	7.7	%
Energy	5.1	%
Financials	15.6	%
Health Care	7.7	%
Industrials	19.3	%
Information Technology	7.7	%
Materials	11.9	%
Real Estate	2.4	%
Utilities	3.2	%
	100.0	%

DFA International Real Estate Securities Portfolio
Real Estate	100.0	%
	100.0	%

DFA Global Real Estate Securities Portfolio
Affiliated Investment Companies	42.8	%
Real Estate	57.2	%
	100.0	%

DFA International Small Cap Value Portfolio
Communication Services	3.0	%
Consumer Discretionary	13.5	%
Consumer Staples	4.6	%
Energy	6.9	%
Financials	21.8	%
Health Care	2.5	%
Industrials	22.9	%
Information Technology	3.9	%
Materials	16.0	%
Real Estate	3.4	%
Utilities	1.5	%
	100.0	%

International Vector Equity Portfolio
Communication Services	5.1	%
Consumer Discretionary	13.1	%
Consumer Staples	6.5	%
Energy	5.9	%
Financials	18.8	%
Health Care	5.6	%
Industrials	20.4	%
Information Technology	7.0	%
Materials	12.6	%
Real Estate	2.6	%
Utilities	2.4	%
	100.0	%

International High Relative Profitability Portfolio
Communication Services	8.4	%
Consumer Discretionary	16.6	%
Consumer Staples	11.2	%
Energy	2.2	%
Financials	6.1	%
Health Care	13.1	%
Industrials	19.6	%
Information Technology	10.9	%
Materials	8.9	%
Real Estate	0.6	%
Utilities	2.4	%
	100.0	%

World ex U.S. Core Equity Portfolio
Communication Services	5.7	%
Consumer Discretionary	13.4	%
Consumer Staples	7.4	%
Energy	5.0	%
Financials	15.7	%
Health Care	6.4	%
Industrials	16.6	%
Information Technology	11.4	%
Materials	12.0	%
Real Estate	3.2	%
Utilities	3.2	%
	100.0	%

Emerging Markets Core Equity Portfolio
Communication Services	8.2	%
Consumer Discretionary	12.5	%
Consumer Staples	6.1	%
Energy	5.0	%
Financials	16.5	%
Health Care	4.0	%
Industrials	8.4	%
Information Technology	20.8	%
Materials	11.6	%
Real Estate	3.7	%
Utilities	3.2	%
	100.0	%

Emerging Markets Targeted Value Portfolio
Communication Services	3.7	%
Consumer Discretionary	10.2	%
Consumer Staples	5.1	%
Energy	3.2	%
Financials	17.4	%
Health Care	4.5	%
Industrials	16.1	%
Information Technology	12.9	%
Materials	16.8	%
Real Estate	6.9	%
Utilities	3.2	%
	100.0	%

33

LARGE CAP INTERNATIONAL PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (94.7%)
AUSTRALIA — (5.9%)
#	BHP Group Ltd.		697,375	$	19,154,786		0.3	%
	Commonwealth Bank of Australia		310,658		24,623,436		0.4	%
	CSL Ltd.		124,326		28,289,174		0.5	%
	National Australia Bank Ltd.		811,247		17,638,112		0.3	%
	Other Securities				278,968,879		4.6	%
TOTAL AUSTRALIA					368,674,387		6.1	%
AUSTRIA — (0.2%)
	Other Securities				13,795,690		0.2	%
BELGIUM — (0.8%)
	Other Securities				53,333,536		0.9	%
CANADA — (10.2%)
	Bank of Montreal		161,778		17,554,531		0.3	%
	Canadian National Railway Co.		142,360		18,919,984		0.3	%
	Royal Bank of Canada		310,579		32,327,720		0.5	%
	Royal Bank of Canada		206,240		21,451,022		0.4	%
*	Shopify, Inc., Class A		12,023		17,634,495		0.3	%
#	Toronto-Dominion Bank		286,785		20,794,780		0.3	%
	Other Securities				506,410,874		8.4	%
TOTAL CANADA					635,093,406		10.5	%
DENMARK — (2.3%)
	Novo Nordisk AS, Class B		461,515		50,607,362		0.8	%
	Other Securities				92,833,766		1.6	%
TOTAL DENMARK					143,441,128		2.4	%
FINLAND — (1.2%)
	Other Securities				78,570,294		1.3	%
FRANCE — (9.2%)
	Air Liquide SA		137,694		22,989,071		0.4	%
*	Airbus SE		172,375		22,112,614		0.4	%
#	BNP Paribas SA		263,532		17,640,097		0.3	%
#	Cie Generale des Etablissements Michelin SCA		108,150		17,003,063		0.3	%
	L’Oreal SA		51,173		23,409,331		0.4	%
	LVMH Moet Hennessy Louis Vuitton SE		80,391		63,036,311		1.0	%
	Sanofi		213,213		21,415,989		0.4	%
	Schneider Electric SE		116,541		20,093,775		0.3	%
	TotalEnergies SE		551,438		27,613,230		0.5	%
	Other Securities				338,616,033		5.5	%
TOTAL FRANCE					573,929,514		9.5	%
GERMANY — (6.8%)
	Bayer AG		332,314		18,728,437		0.3	%
	Daimler AG		320,152		31,779,061		0.5	%
	Deutsche Post AG		337,563		20,897,505		0.3	%
	Deutsche Telekom AG		1,271,712		23,650,219		0.4	%
	SAP SE		212,517		30,774,818		0.5	%

34

LARGE CAP INTERNATIONAL PORTFOLIO

CONTINUED

	Shares		Value»		Percentage of Net Assets‡
GERMANY — (Continued)
Siemens AG		146,649	$	23,842,470		0.4	%
Other Securities				275,187,107		4.6	%
TOTAL GERMANY				424,859,617		7.0	%
HONG KONG — (2.2%)
AIA Group Ltd.		3,249,000		36,411,572		0.6	%
Hong Kong Exchanges & Clearing Ltd.		349,451		21,051,524		0.4	%
Other Securities				79,524,888		1.3	%
TOTAL HONG KONG				136,987,984		2.3	%
IRELAND — (0.6%)
Other Securities				38,275,588		0.6	%
ISRAEL — (0.6%)
Other Securities				37,231,801		0.6	%
ITALY — (2.0%)
Enel SpA		2,271,536		19,016,805		0.3	%
Other Securities				105,047,911		1.8	%
TOTAL ITALY				124,064,716		2.1	%
JAPAN — (21.0%)
Hitachi Ltd.		297,615		17,149,927		0.3	%
KDDI Corp.		742,300		22,699,521		0.4	%
Keyence Corp.		32,004		19,318,086		0.3	%
Recruit Holdings Co. Ltd.		356,200		23,694,067		0.4	%
SoftBank Group Corp.		428,176		23,180,319		0.4	%
Sony Group Corp.		367,700		42,578,294		0.7	%
Tokyo Electron Ltd.		43,700		20,365,638		0.4	%
Toyota Motor Corp.		2,420,615		42,709,706		0.7	%
Other Securities				1,100,287,924		18.2	%
TOTAL JAPAN				1,311,983,482		21.8	%
NETHERLANDS — (4.4%)
ASML Holding NV		30,871		25,094,815		0.4	%
ASML Holding NV		74,552		60,601,830		1.0	%
Koninklijke Ahold Delhaize NV		678,021		22,057,687		0.4	%
Stellantis NV		850,830		16,988,474		0.3	%
Other Securities				150,780,777		2.5	%
TOTAL NETHERLANDS				275,523,583		4.6	%
NEW ZEALAND — (0.4%)
Other Securities				22,492,321		0.4	%
NORWAY — (0.7%)
Other Securities				46,171,001		0.8	%
PORTUGAL — (0.2%)
Other Securities				12,070,216		0.2	%
SINGAPORE — (0.8%)
Other Securities				48,200,489		0.8	%

35

LARGE CAP INTERNATIONAL PORTFOLIO

CONTINUED

	Shares		Value»		Percentage of Net Assets‡
SPAIN — (2.0%)
Iberdrola SA		2,078,325	$	24,564,084		0.4	%
Other Securities				100,642,846		1.7	%
TOTAL SPAIN				125,206,930		2.1	%
SWEDEN — (3.4%)
Other Securities				213,759,707		3.5	%
SWITZERLAND — (7.6%)
Nestle SA		835,482		110,206,070		1.8	%
Novartis AG		422,743		34,966,216		0.6	%
Roche Holding AG		8,668		3,728,306		0.1	%
Roche Holding AG		205,381		79,563,359		1.3	%
Other Securities				244,093,241		4.0	%
TOTAL SWITZERLAND				472,557,192		7.8	%
UNITED KINGDOM — (12.2%)
AstraZeneca PLC, Sponsored ADR		505,883		31,556,982		0.5	%
BP PLC, Sponsored ADR		637,244		18,346,269		0.3	%
Diageo PLC, Sponsored ADR		105,239		21,013,071		0.4	%
Royal Dutch Shell PLC, Sponsored ADR, Class B		918,709		42,113,621		0.7	%
Unilever PLC, Sponsored ADR		450,191		24,121,234		0.4	%
Other Securities				623,554,407		10.3	%
TOTAL UNITED KINGDOM				760,705,584		12.6	%
UNITED STATES — (0.0%)
Other Securities				292,740		0.0	%
TOTAL COMMON STOCKS				5,917,220,906		98.1	%
PREFERRED STOCKS — (0.5%)
GERMANY — (0.5%)
Other Securities				32,731,659		0.5	%
TOTAL INVESTMENT SECURITIES (Cost $3,905,702,782)				5,949,952,565
			Value†
SECURITIES LENDING COLLATERAL — (4.8%)
@§  The DFA Short Term Investment Fund		26,026,332		301,124,657		5.0	%
TOTAL INVESTMENTS—(100.0%) (Cost $4,206,796,383)			$	6,251,077,222		103.6	%

As of October 31, 2021, Large Cap International 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		229		12/17/21	$	51,002,305	$	52,635,650	$	1,633,345
Total Futures Contracts					$	51,002,305	$	52,635,650	$	1,633,345

36

LARGE CAP INTERNATIONAL PORTFOLIO

CONTINUED

Summary of the Portfolio’s investments as of October 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
Australia	$	3,641,424	$	365,032,963		—	$	368,674,387
Austria		—		13,795,690		—		13,795,690
Belgium		—		53,333,536		—		53,333,536
Canada		632,493,032		2,600,374		—		635,093,406
Denmark		5,020,496		138,420,632		—		143,441,128
Finland		79,111		78,491,183		—		78,570,294
France		3,422,750		570,506,764		—		573,929,514
Germany		14,497,008		410,362,609		—		424,859,617
Hong Kong		369,693		136,618,291		—		136,987,984
Ireland		11,995,930		26,279,658		—		38,275,588
Israel		6,778,941		30,452,860		—		37,231,801
Italy		2,313,854		121,750,862		—		124,064,716
Japan		19,253,418		1,292,730,064		—		1,311,983,482
Netherlands		79,527,665		195,995,918		—		275,523,583
New Zealand		—		22,492,321		—		22,492,321
Norway		89,985		46,081,016		—		46,171,001
Portugal		—		12,070,216		—		12,070,216
Singapore		1,156,488		47,044,001		—		48,200,489
Spain		5,033,888		120,173,042		—		125,206,930
Sweden		—		213,759,707		—		213,759,707
Switzerland		37,734,810		434,822,382		—		472,557,192
United Kingdom		226,190,003		534,515,581		—		760,705,584
United States		292,740		—		—		292,740
Preferred Stocks
Germany		—		32,731,659		—		32,731,659
Securities Lending Collateral		—		301,124,657		—		301,124,657
Futures Contracts**		1,633,345		—		—		1,633,345
TOTAL	$	1,051,524,581	$	5,201,185,986		—	$	6,252,710,567

** Valued at the unrealized appreciation/(depreciation) on the investment.

See accompanying Notes to Financial Statements.

37

INTERNATIONAL CORE EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

	Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (94.9%)
AUSTRALIA — (6.0%)
#   BHP Group Ltd.		4,074,214	$	111,906,362		0.3	%
Commonwealth Bank of Australia		931,529		73,835,033		0.2	%
CSL Ltd.		345,823		78,688,665		0.2	%
Other Securities				1,896,076,660		5.5	%
TOTAL AUSTRALIA				2,160,506,720		6.2	%
AUSTRIA — (0.5%)
Other Securities				194,447,574		0.6	%
BELGIUM — (1.1%)
Other Securities				386,927,579		1.1	%
CANADA — (10.3%)
Bank of Montreal		931,374		101,063,393		0.3	%
Canadian Natural Resources Ltd.		3,046,549		129,508,798		0.4	%
National Bank of Canada		950,404		78,683,253		0.2	%
#   Royal Bank of Canada		886,501		92,274,611		0.3	%
Royal Bank of Canada		1,145,629		119,156,872		0.4	%
Other Securities				3,146,620,950		9.0	%
TOTAL CANADA				3,667,307,877		10.6	%
CHINA — (0.0%)
Other Securities				2,457,607		0.0	%
DENMARK — (2.2%)
Novo Nordisk AS, Class B		891,477		97,754,784		0.3	%
Novo Nordisk AS, Sponsored ADR		595,283		65,558,517		0.2	%
Other Securities				642,917,309		1.8	%
TOTAL DENMARK				806,230,610		2.3	%
FINLAND — (1.6%)
Other Securities				578,977,510		1.7	%
FRANCE — (7.6%)
Air Liquide SA		519,420		86,721,161		0.3	%
Cie de Saint-Gobain		974,295		67,238,565		0.2	%
#   Cie Generale des Etablissements Michelin SCA		571,661		89,875,074		0.3	%
LVMH Moet Hennessy Louis Vuitton SE		248,440		194,807,144		0.6	%
#   Orange SA		7,330,798		79,941,979		0.2	%
Teleperformance		179,034		74,784,588		0.2	%
TotalEnergies SE		1,973,714		98,833,628		0.3	%
Other Securities				2,022,503,162		5.7	%
TOTAL FRANCE				2,714,705,301		7.8	%
GERMANY — (6.4%)
Allianz SE		276,267		64,152,055		0.2	%
Bayer AG		1,277,637		72,004,622		0.2	%
Bayerische Motoren Werke AG		951,135		96,098,876		0.3	%
Daimler AG		1,688,994		167,653,626		0.5	%
Deutsche Telekom AG		5,639,652		104,881,456		0.3	%

38

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED

					Percentage
	Shares		Value»		of Net Assets‡
GERMANY — (Continued)
Other Securities			$	1,774,833,658		5.1	%
TOTAL GERMANY				2,279,624,293		6.6	%
HONG KONG — (2.2%)
AIA Group Ltd.		10,843,200		121,519,838		0.4	%
Other Securities				677,631,236		1.9	%
TOTAL HONG KONG				799,151,074		2.3	%
IRELAND — (0.8%)
Kingspan Group PLC		602,633		69,378,104		0.2	%
Other Securities				213,112,214		0.6	%
TOTAL IRELAND				282,490,318		0.8	%
ISRAEL — (0.9%)
Other Securities				309,186,961		0.9	%
ITALY — (2.5%)
Other Securities				882,981,445		2.6	%
JAPAN — (21.5%)
Hitachi Ltd.		1,314,685		75,758,117		0.2	%
KDDI Corp.		2,741,900		83,847,255		0.3	%
Recruit Holdings Co. Ltd.		1,002,100		66,658,688		0.2	%
SoftBank Group Corp.		2,487,563		134,670,077		0.4	%
Sony Group Corp.		1,141,000		132,123,562		0.4	%
Takeda Pharmaceutical Co. Ltd.		2,631,263		73,848,531		0.2	%
Toyota Motor Corp.		12,059,470		212,779,157		0.6	%
Other Securities				6,889,456,635		19.9	%
TOTAL JAPAN				7,669,142,022		22.2	%
NETHERLANDS — (4.0%)
ASM International NV		168,914		76,447,873		0.2	%
ASML Holding NV		127,591		103,718,671		0.3	%
ASML Holding NV		182,526		148,371,735		0.4	%
Koninklijke Ahold Delhaize NV		3,630,618		118,112,911		0.4	%
Stellantis NV		5,527,990		110,377,040		0.3	%
Other Securities				861,900,774		2.5	%
TOTAL NETHERLANDS				1,418,929,004		4.1	%
NEW ZEALAND — (0.5%)
Other Securities				171,395,575		0.5	%
NORWAY — (0.9%)
Other Securities				339,507,956		1.0	%
PORTUGAL — (0.2%)
Other Securities				83,459,275		0.3	%
SINGAPORE — (0.8%)
Other Securities				286,151,766		0.8	%

39

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED

					Percentage
	Shares		Value»		of Net Assets‡
SPAIN — (1.9%)
Iberdrola SA		8,431,582	$	99,654,363		0.3	%
Other Securities				569,227,515		1.6	%
TOTAL SPAIN				668,881,878		1.9	%
SWEDEN — (3.5%)
Volvo AB, Class B		2,990,796		69,742,821		0.2	%
Other Securities				1,171,765,002		3.4	%
TOTAL SWEDEN				1,241,507,823		3.6	%
SWITZERLAND — (6.9%)
Nestle SA		2,748,677		362,570,217		1.1	%
Novartis AG, Sponsored ADR		953,193		78,886,253		0.2	%
Roche Holding AG		634,350		245,743,359		0.7	%
Sika AG		223,952		75,870,373		0.2	%
Other Securities				1,701,728,084		4.9	%
TOTAL SWITZERLAND				2,464,798,286		7.1	%
UNITED KINGDOM — (12.6%)
Ashtead Group PLC		958,609		80,341,144		0.2	%
AstraZeneca PLC, Sponsored ADR		1,444,584		90,113,150		0.3	%
BP PLC, Sponsored ADR		3,664,680		105,506,137		0.3	%
HSBC Holdings PLC, Sponsored ADR		3,036,261		91,300,368		0.3	%
Rio Tinto PLC, Sponsored ADR		1,793,636		113,483,350		0.3	%
Royal Dutch Shell PLC, Sponsored ADR, Class B		3,096,174		141,928,616		0.4	%
Vodafone Group PLC		49,455,687		72,890,318		0.2	%
Other Securities				3,816,782,436		11.0	%
TOTAL UNITED KINGDOM				4,512,345,519		13.0	%
UNITED STATES — (0.0%)
Other Securities				6,492,442		0.0	%
TOTAL COMMON STOCKS				33,927,606,415		98.0	%
PREFERRED STOCKS — (0.6%)
AUSTRALIA — (0.0%)
Other Security				28,885		0.0	%
GERMANY — (0.6%)
Volkswagen AG		363,964		81,684,955		0.3	%
Other Securities				132,503,943		0.3	%
TOTAL GERMANY				214,188,898		0.6	%
TOTAL PREFERRED STOCKS				214,217,783		0.6	%
RIGHTS/WARRANTS — (0.0%)
AUSTRIA — (0.0%)
Other Securities				7,891		0.0	%
CANADA — (0.0%)
Other Securities				757,963		0.0	%

40

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED

					Percentage
	Shares		Value»		of Net Assets‡
HONG KONG — (0.0%)
Other Security			$	566		0.0	%
NEW ZEALAND — (0.0%)
Other Security				3,862		0.0	%
SPAIN — (0.0%)
Other Security				613,459		0.0	%
TOTAL RIGHTS/WARRANTS				1,383,741		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $24,808,815,099)				34,143,207,939
			Value†
SECURITIES LENDING COLLATERAL — (4.5%)
@§ The DFA Short Term Investment Fund		137,857,195		1,595,007,746		4.6	%
TOTAL INVESTMENTS—(100.0%) (Cost $26,403,662,509)			$	35,738,215,685		103.2	%

As of October 31, 2021, International Core Equity 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.		1,302		12/17/21	$	290,261,986	$	299,264,700	$	9,002,714
Total Futures Contracts					$	290,261,986	$	299,264,700	$	9,002,714

Summary of the Portfolio’s investments as of October 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
Australia	$	46,638,769	$	2,113,867,699	$	252	$	2,160,506,720
Austria		73,164		194,374,410		—		194,447,574
Belgium		9,610,059		377,317,520		—		386,927,579
Canada		3,658,586,313		8,721,564		—		3,667,307,877
China		—		2,457,607		—		2,457,607
Denmark		65,558,517		740,672,093		—		806,230,610
Finland		5,717,227		573,260,283		—		578,977,510
France		40,903,587		2,673,775,577		26,137		2,714,705,301
Germany		58,770,155		2,220,854,138		—		2,279,624,293
Hong Kong		515,573		798,067,272		568,229		799,151,074
Ireland		50,884,763		231,605,555		—		282,490,318
Israel		35,296,542		273,890,419		—		309,186,961
Italy		20,609,882		862,371,563		—		882,981,445
Japan		155,933,205		7,513,208,817		—		7,669,142,022
Netherlands		227,661,850		1,191,267,154		—		1,418,929,004
New Zealand		239,560		171,156,015		—		171,395,575
Norway		14,691,274		324,816,682		—		339,507,956

41

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Portugal	$	409,650	$	83,049,625		—	$	83,459,275
Singapore		4,041,299		281,571,751	$	538,716		286,151,766
Spain		8,871,267		660,010,611		—		668,881,878
Sweden		2,091,261		1,239,416,562		—		1,241,507,823
Switzerland		137,578,979		2,327,219,307		—		2,464,798,286
United Kingdom		860,422,845		3,651,922,648		26		4,512,345,519
United States		5,590,831		901,611		—		6,492,442
Preferred Stocks
Australia		—		28,885		—		28,885
Germany		—		214,188,898		—		214,188,898
Rights/Warrants
Austria		—		7,891		—		7,891
Canada		—		757,963		—		757,963
Hong Kong		—		566		—		566
New Zealand		—		3,862		—		3,862
Spain		—		613,459		—		613,459
Securities Lending Collateral		—		1,595,007,746		—		1,595,007,746
Futures Contracts**		9,002,714		—		—		9,002,714
TOTAL	$	5,419,699,286	$	30,326,385,753	$	1,133,360^	$	35,747,218,399

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

42

GLOBAL SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

	Shares		Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in U.S. Small Cap Portfolio of DFA Investment Dimensions Group Inc.		1,204,052	$	58,396,527
Investment in The Emerging Markets Small Cap Series of The DFA Investment Trust Company				12,011,785
Investment in The Continental Small Company Series of The DFA Investment Trust Company				11,897,087
Investment in The Japanese Small Company Series of The DFA Investment Trust Company				6,406,413
Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company				4,054,102
Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company				3,177,403
Investment in The Canadian Small Company Series of The DFA Investment Trust Company				3,127,151
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $78,885,692)			$	99,070,468

Summary of the Portfolio’s investments as of October 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	$	99,070,468		—		—	$	99,070,468
TOTAL	$	99,070,468		—		—	$	99,070,468

See accompanying Notes to Financial Statements.

43

INTERNATIONAL SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

	Value†
AFFILIATED INVESTMENT COMPANIES — (99.3%)
Investment in The Continental Small Company Series of The DFA Investment Trust Company	$	5,658,750,566
Investment in The Japanese Small Company Series of The DFA Investment Trust Company		3,029,775,727
Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company		1,849,071,649
Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company		1,438,166,259
Investment in The Canadian Small Company Series of The DFA Investment Trust Company		1,405,629,159
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	13,381,393,360

	Shares
TEMPORARY CASH INVESTMENTS — (0.7%)
State Street Institutional U.S. Government Money Market Fund, 0.025% (Cost $89,678,174)		89,678,174		89,678,174
TOTAL INVESTMENTS — (100.0%) (Cost $10,315,829,273)			$	13,471,071,534

As of October 31, 2021, International Small 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		376		12/17/21	$	84,282,399	$	86,423,600	$	2,141,201
Total Futures Contracts					$	84,282,399	$	86,423,600	$	2,141,201

Summary of the Portfolio’s investments as of October 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	$	13,381,393,360		—		—	$	13,381,393,360
Temporary Cash Investments		89,678,174		—		—		89,678,174
Futures Contracts**		2,141,201		—		—		2,141,201
TOTAL	$	13,473,212,735		—		—	$	13,473,212,735

** Valued at the unrealized appreciation/(depreciation) on the investment.

See accompanying Notes to Financial Statements.

44

JAPANESE SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The Japanese Small Company Series of The DFA Investment Trust Company	$	379,961,001
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	379,961,001

Summary of the Portfolio’s Master Fund’s investments as of October 31, 2021, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

45

ASIA PACIFIC SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

		Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company		$	381,648,225
	��
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES		$	381,648,225

Summary of the Portfolio’s Master Fund’s investments as of October 31, 2021, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

46

UNITED KINGDOM SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company	$	44,159,149
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	44,159,149

Summary of the Portfolio’s Master Fund’s investments as of October 31, 2021, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

47

CONTINENTAL SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The Continental Small Company Series of The DFA Investment Trust Company	$	868,047,933
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	868,047,933

Summary of the Portfolio’s Master Fund’s investments as of October 31, 2021, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

48

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares			Value»		Percentage of Net Assets‡
COMMON STOCKS — (95.0%)
AUSTRALIA — (19.6%)
	Charter Hall Group		5,103,518		$	66,957,724		1.1	%
	Dexus		11,937,669			97,922,093		1.6	%
	Goodman Group		18,809,830			311,432,106		5.2	%
	GPT Group		21,254,256			82,977,593		1.4	%
††	GPT Group		38,018,670			134,418		0.0	%
	Mirvac Group		43,745,807			93,360,751		1.6	%
	Scentre Group		57,493,866			131,136,895		2.2	%
	Stockland		26,479,587			91,273,558		1.5	%
	Vicinity Centres		42,897,822			56,023,859		0.9	%
	Other Securities					287,438,324		4.8	%
TOTAL AUSTRALIA						1,218,657,321		20.3	%
BELGIUM — (3.9%)
	Aedifica SA		389,502			51,940,122		0.9	%
	Cofinimmo SA		314,243			50,698,042		0.8	%
	Warehouses De Pauw CVA		1,524,898			69,438,532		1.2	%
	Other Securities					71,261,415		1.2	%
TOTAL BELGIUM						243,338,111		4.1	%
CANADA — (5.8%)
#	Canadian Apartment Properties REIT		923,055			45,071,278		0.8	%
	Other Securities					311,548,139		5.1	%
				��
TOTAL CANADA						356,619,417		5.9	%
CHINA — (0.2%)
	Other Securities					10,098,158		0.2	%
FRANCE — (3.7%)
	Covivio		557,125			48,254,803		0.8	%
	Gecina SA		491,633			68,798,473		1.2	%
	Klepierre SA		2,234,429			53,193,397		0.9	%
	Other Securities					59,983,959		0.9	%
TOTAL FRANCE						230,230,632		3.8	%
GERMANY — (0.7%)
	Other Securities					44,088,240		0.7	%
HONG KONG — (4.1%)
	Link REIT		23,247,323			205,958,230		3.5	%
	Other Securities					46,113,463		0.7	%
TOTAL HONG KONG						252,071,693		4.2	%
IRELAND — (0.4%)
	Other Securities					23,157,845		0.4	%
ITALY — (0.1%)
	Other Securities					5,351,126		0.1	%
JAPAN — (24.0%)
	Activia Properties, Inc.		7,779			31,891,349		0.5	%

49

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
JAPAN — (Continued)
	Advance Residence Investment Corp.		14,540	$	47,788,683		0.8	%
#	Daiwa House REIT Investment Corp.		23,517		67,485,151		1.1	%
	GLP J-Reit		47,682		77,776,065		1.3	%
	Industrial & Infrastructure Fund Investment Corp.		21,064		38,621,832		0.6	%
	Japan Hotel REIT Investment Corp.		52,128		31,480,545		0.5	%
	Japan Metropolitan Fund Invest		78,535		72,135,891		1.2	%
	Japan Prime Realty Investment Corp.		9,165		33,616,379		0.6	%
	Japan Real Estate Investment Corp.		14,050		86,115,725		1.4	%
	Nippon Building Fund, Inc.		16,723		108,648,387		1.8	%
	Nippon Prologis REIT, Inc.		23,171		77,391,924		1.3	%
	Nomura Real Estate Master Fund, Inc.		47,837		71,634,291		1.2	%
	Orix JREIT, Inc.		29,058		48,210,264		0.8	%
#	Sekisui House Reit, Inc.		46,502		35,155,170		0.6	%
	United Urban Investment Corp.		33,229		41,421,902		0.7	%
	Other Securities				617,628,524		10.4	%
TOTAL JAPAN					1,487,002,082		24.8	%
MALAYSIA — (0.4%)
	Other Securities				27,388,672		0.5	%
MEXICO — (1.3%)
	Fibra Uno Administracion SA de CV		33,788,024		33,610,780		0.6	%
	Other Securities				49,038,844		0.8	%
TOTAL MEXICO					82,649,624		1.4	%
NETHERLANDS — (2.4%)
*	Unibail-Rodamco-Westfield (BFYM460)		1,117,588		79,801,027		1.3	%
	Other Securities				68,911,523		1.2	%
TOTAL NETHERLANDS					148,712,550		2.5	%
NEW ZEALAND — (1.4%)
	Other Securities				85,320,715		1.4	%
SINGAPORE — (9.4%)
	Ascendas Real Estate Investment Trust		36,985,780		84,713,371		1.4	%
	CapitaLand Integrated Commercial Trust		52,713,611		83,944,071		1.4	%
	Frasers Logistics & Commercial Trust		28,518,533		32,112,798		0.5	%
#	Mapletree Commercial Trust		23,802,806		38,501,573		0.7	%
#	Mapletree Industrial Trust		21,528,890		43,948,391		0.7	%
	Mapletree Logistics Trust		33,641,897		50,447,153		0.9	%
	Other Securities				252,147,248		4.2	%
TOTAL SINGAPORE					585,814,605		9.8	%
SOUTH AFRICA — (1.6%)
	Other Securities				99,204,219		1.7	%
SPAIN — (1.3%)
	Inmobiliaria Colonial Socimi SA		3,238,453		31,490,561		0.5	%
	Merlin Properties Socimi SA		4,130,353		44,730,390		0.8	%
	Other Security				6,047,686		0.1	%
TOTAL SPAIN					82,268,637		1.4	%

50

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

CONTINUED

	Shares		Value»		Percentage of Net Assets‡
TAIWAN — (0.3%)
Other Securities			$	16,362,370		0.3	%
TURKEY — (0.2%)
Other Securities				14,687,885		0.2	%
UNITED KINGDOM — (14.2%)
Big Yellow Group PLC		1,977,824		39,989,352		0.7	%
British Land Co. PLC		9,943,872		67,140,760		1.1	%
Derwent London PLC		1,186,768		54,894,880		0.9	%
Land Securities Group PLC		7,899,894		74,215,378		1.2	%
LondonMetric Property PLC		10,440,495		37,340,880		0.6	%
Safestore Holdings PLC		2,716,328		44,652,930		0.7	%
Segro PLC		13,385,069		236,574,996		4.0	%
Tritax Big Box REIT PLC		20,179,674		62,101,613		1.0	%
UNITE Group PLC		3,594,188		53,664,055		0.9	%
Other Securities				213,644,130		3.7	%
TOTAL UNITED KINGDOM				884,218,974		14.8	%
TOTAL COMMON STOCKS				5,897,242,876		98.5	%
RIGHTS/WARRANTS — (0.0%)
UNITED KINGDOM — (0.0%)
Other Security				79		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $5,055,209,691)				5,897,242,955
			Value†
SECURITIES LENDING COLLATERAL — (5.0%)
@§ The DFA Short Term Investment Fund		26,840,639		310,546,189		5.2	%
TOTAL INVESTMENTS—(100.0%) (Cost $5,365,727,338)			$	6,207,789,144		103.7	%

As of October 31, 2021, DFA International Real Estate Securities 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		181		12/17/21	$	40,192,987	$	41,602,850	$	1,409,863
Total Futures Contracts					$	40,192,987	$	41,602,850	$	1,409,863

51

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

CONTINUED

Summary of the Portfolio’s investments as of October 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
Australia	$	545,228	$	1,217,977,675	$	134,418	$	1,218,657,321
Belgium		—		243,338,111		—		243,338,111
Canada		356,619,417		—		—		356,619,417
China		—		10,098,158		—		10,098,158
France		—		230,230,632		—		230,230,632
Germany		—		44,088,240		—		44,088,240
Hong Kong		—		252,071,693		—		252,071,693
Ireland		—		23,157,845		—		23,157,845
Italy		—		5,351,126		—		5,351,126
Japan		—		1,487,002,082		—		1,487,002,082
Malaysia		—		27,388,672		—		27,388,672
Mexico		82,649,624		—		—		82,649,624
Netherlands		15,109,381		133,603,169		—		148,712,550
New Zealand		—		85,320,715		—		85,320,715
Singapore		—		585,814,605		—		585,814,605
South Africa		—		99,204,219		—		99,204,219
Spain		—		82,268,637		—		82,268,637
Taiwan		—		16,362,370		—		16,362,370
Turkey		—		14,687,885		—		14,687,885
United Kingdom		—		884,218,974		—		884,218,974
Rights/Warrants
United Kingdom		—		79		—		79
Securities Lending Collateral		—		310,546,189		—		310,546,189
Futures Contracts**		1,409,863		—		—		1,409,863
TOTAL	$	456,333,513	$	5,752,731,076	$	134,418^	$	6,209,199,007

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

52

DFA GLOBAL REAL ESTATE SECURITIES PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

	Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (56.0%)
UNITED STATES — (56.0%)
Alexandria Real Estate Equities, Inc.		588,622	$	120,161,295		1.1	%
American Campus Communities, Inc.		578,584		31,081,533		0.3	%
American Homes 4 Rent, Class A		1,198,179		48,646,084		0.5	%
American Tower Corp.		1,814,073		511,514,164		4.9	%
Apartment Income REIT Corp.		646,305		34,648,414		0.3	%
#   AvalonBay Communities, Inc.		595,358		140,909,331		1.3	%
#   Boston Properties, Inc.		631,669		71,782,865		0.7	%
Camden Property Trust		416,002		67,849,926		0.6	%
Crown Castle International Corp.		1,756,044		316,614,733		3.0	%
CubeSmart		842,810		46,362,978		0.4	%
CyrusOne, Inc.		516,104		42,330,850		0.4	%
Digital Realty Trust, Inc.		1,067,765		168,503,963		1.6	%
Duke Realty Corp.		1,595,075		89,707,018		0.9	%
EastGroup Properties, Inc.		168,150		33,256,707		0.3	%
Equinix, Inc.		362,611		303,530,790		2.9	%
Equity LifeStyle Properties, Inc.		725,843		61,340,992		0.6	%
Equity Residential		1,590,294		137,401,402		1.3	%
#   Essex Property Trust, Inc.		277,372		94,287,064		0.9	%
Extra Space Storage, Inc.		562,241		110,969,506		1.1	%
Federal Realty Investment Trust		306,103		36,839,496		0.4	%
#   First Industrial Realty Trust, Inc.		541,190		31,513,494		0.3	%
Gaming & Leisure Properties, Inc.		925,101		44,858,148		0.4	%
Healthcare Trust of America, Inc., Class A		916,797		30,611,852		0.3	%
Healthpeak Properties, Inc.		2,298,884		81,633,371		0.8	%
*   Host Hotels & Resorts, Inc.		2,961,527		49,842,499		0.5	%
Invitation Homes, Inc.		2,420,656		99,852,054		0.9	%
#   Iron Mountain, Inc.		1,203,218		54,914,870		0.5	%
Kimco Realty Corp.		2,552,009		57,675,411		0.5	%
Lamar Advertising Co., Class A		362,565		41,042,358		0.4	%
Life Storage, Inc.		325,915		43,610,619		0.4	%
Medical Properties Trust, Inc.		2,423,399		51,691,101		0.5	%
Mid-America Apartment Communities, Inc.		488,169		99,688,894		0.9	%
National Retail Properties, Inc.		734,753		33,328,396		0.3	%
Prologis, Inc.		3,087,440		447,555,242		4.2	%
Public Storage		665,891		221,195,672		2.1	%
#   Realty Income Corp.		1,593,474		113,821,848		1.1	%
Regency Centers Corp.		710,556		50,030,220		0.5	%
Rexford Industrial Realty, Inc.		594,593		39,956,650		0.4	%
SBA Communications Corp.		465,813		160,859,203		1.5	%
Simon Property Group, Inc.		1,393,026		204,189,751		1.9	%
#   STORE Capital Corp.		1,063,612		36,513,800		0.3	%
Sun Communities, Inc.		469,155		91,944,997		0.9	%
UDR, Inc.		1,265,344		70,264,552		0.7	%
Ventas, Inc.		1,657,835		88,478,673		0.8	%
VEREIT, Inc.		967,276		48,653,993		0.5	%
#   VICI Properties, Inc.		1,061,807		31,164,036		0.3	%
#   Welltower, Inc.		1,786,156		143,606,942		1.4	%
WP Carey, Inc.		761,497		58,719,034		0.6	%
Other Securities				1,025,814,639		9.7	%
TOTAL UNITED STATES				6,020,771,430		57.1	%
TOTAL COMMON STOCKS				6,020,771,430		57.1	%

53

DFA GLOBAL REAL ESTATE SECURITIES PORTFOLIO

CONTINUED

	Shares		Value»		Percentage of Net Assets‡
PREFERRED STOCKS — (0.0%)
UNITED STATES — (0.0%)
Other Security			$	1,327,734		0.0	%
			Value†
AFFILIATED INVESTMENT COMPANIES — (42.0%)
*      DFA International Real Estate Securities Portfolio of DFA Investment Dimensions Group, Inc		727,520,729		3,666,704,472		34.8	%
DFA Real Estate Securities Portfolio of DFA Investment Dimensions Group, Inc.		17,169,966		839,611,357		8.0	%
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES				4,506,315,829		42.8	%
TOTAL INVESTMENT SECURITIES (Cost $7,986,961,434)				10,528,414,993
SECURITIES LENDING COLLATERAL — (2.0%)
@§ The DFA Short Term Investment Fund		18,759,320		217,045,336		2.1	%
TOTAL INVESTMENTS—(100.0%) (Cost $8,203,997,508)			$	10,745,460,329		102.0	%

Summary of the Portfolio’s investments as of October 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
United States	$	6,020,722,361	$	49,069		—	$	6,020,771,430
Preferred Stocks
United States		1,327,734		—		—		1,327,734
Affiliated Investment Companies		4,506,315,829		—		—		4,506,315,829
Securities Lending Collateral		—		217,045,336		—		217,045,336
TOTAL	$	10,528,365,924	$	217,094,405		—	$	10,745,460,329

See accompanying Notes to Financial Statements.

54

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (96.8%)
AUSTRALIA — (7.8%)
#	Bank of Queensland Ltd.		8,692,277	$	57,872,526		0.5	%
	Downer EDI Ltd.		10,150,069		48,529,011		0.4	%
#	IGO Ltd.		11,106,754		81,332,717		0.6	%
	OZ Minerals Ltd.		3,084,453		58,672,023		0.5	%
	Other Securities				759,692,150		5.9	%
TOTAL AUSTRALIA					1,006,098,427		7.9	%
AUSTRIA — (1.0%)
	Other Securities				127,262,202		1.0	%
BELGIUM — (1.8%)
	Ackermans & van Haaren NV		331,435		56,995,531		0.4	%
	D’ieteren Group		304,704		52,538,365		0.4	%
	Other Securities				129,199,361		1.1	%
TOTAL BELGIUM					238,733,257		1.9	%
CANADA — (10.9%)
#	Alamos Gold, Inc., Class A		7,320,411		54,299,752		0.4	%
	ARC Resources Ltd.		5,961,374		57,176,393		0.5	%
#	Canadian Western Bank		1,903,542		60,893,041		0.5	%
*	Home Capital Group, Inc., Class B		1,308,749		42,468,778		0.3	%
	Linamar Corp.		947,126		52,093,461		0.4	%
#*	MEG Energy Corp.		5,060,206		45,343,960		0.4	%
	Tourmaline Oil Corp.		1,682,234		60,800,199		0.5	%
	TransAlta Corp.		4,562,378		51,168,234		0.4	%
#	Whitecap Resources, Inc.		6,857,444		41,169,043		0.3	%
#	Yamana Gold, Inc.		12,036,191		47,265,585		0.4	%
	Other Securities				902,483,007		7.0	%
TOTAL CANADA					1,415,161,453		11.1	%
CHINA — (0.0%)
	Other Securities				806,719		0.0	%
DENMARK — (2.5%)
*	Jyske Bank AS		1,162,241		56,702,266		0.4	%
	Sydbank AS		1,555,575		53,457,498		0.4	%
	Other Securities				211,307,402		1.7	%
TOTAL DENMARK					321,467,166		2.5	%
FINLAND — (2.2%)
	Cargotec Oyj, Class B		846,300		43,825,174		0.4	%
	Konecranes Oyj, Class A		1,038,552		43,198,178		0.3	%
	Other Securities				202,439,039		1.6	%
TOTAL FINLAND					289,462,391		2.3	%
FRANCE — (4.1%)
*	Elis SA		3,022,710		57,393,983		0.5	%
	Rexel SA		2,914,413		57,927,440		0.5	%

55

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
FRANCE — (Continued)
	Other Securities			$	412,053,956		3.1	%
TOTAL FRANCE					527,375,379		4.1	%
GERMANY — (6.6%)
	Aurubis AG		1,029,677		88,727,111		0.7	%
*	Commerzbank AG		10,806,353		78,917,487		0.6	%
	Freenet AG		1,864,258		48,014,410		0.4	%
*	K+S AG		3,414,677		58,842,642		0.5	%
	Lanxess AG		1,151,558		77,594,697		0.6	%
	Other Securities				509,049,380		3.9	%
TOTAL GERMANY					861,145,727		6.7	%
GREECE — (0.0%)
	Other Securities				1,986		0.0	%
HONG KONG — (2.3%)
	Other Securities				298,086,830		2.3	%
IRELAND — (0.3%)
	Other Securities				34,253,029		0.3	%
ISRAEL — (1.1%)
	Other Securities				144,772,065		1.1	%
ITALY — (3.7%)
#	Banco BPM SpA		22,089,452		68,693,581		0.5	%
	Unipol Gruppo SpA		10,135,870		58,214,242		0.5	%
	Other Securities				347,407,845		2.7	%
TOTAL ITALY					474,315,668		3.7	%
JAPAN — (21.9%)
	Other Securities				2,846,865,637		22.3	%
NETHERLANDS — (2.7%)
	APERAM SA		1,047,061		62,429,558		0.5	%
	ASR Nederland NV		2,645,910		123,680,962		1.0	%
	SBM Offshore NV		4,276,666		67,521,170		0.5	%
	Other Securities				102,713,495		0.8	%
TOTAL NETHERLANDS					356,345,185		2.8	%
NEW ZEALAND — (0.4%)
	Other Securities				46,628,416		0.4	%
NORWAY — (0.7%)
	Other Securities				96,207,378		0.7	%
PORTUGAL — (0.3%)
	Other Securities				34,955,180		0.3	%
SINGAPORE — (0.9%)
	Other Securities				116,403,677		0.9	%

56

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
SPAIN — (2.1%)
#	Bankinter SA		10,292,835	$	56,672,453		0.4	%
	Other Securities				218,447,235		1.7	%
TOTAL SPAIN					275,119,688		2.1	%
SWEDEN — (3.4%)
	Lindab International AB		1,604,743		52,575,849		0.4	%
	Other Securities				392,270,937		3.1	%
TOTAL SWEDEN					444,846,786		3.5	%
SWITZERLAND — (5.3%)
	Allreal Holding AG		283,546		59,968,770		0.5	%
	Helvetia Holding AG		529,875		63,050,268		0.5	%
	Siegfried Holding AG		64,976		62,496,657		0.5	%
	Other Securities				503,233,754		3.9	%
TOTAL SWITZERLAND					688,749,449		5.4	%
UNITED KINGDOM — (14.8%)
	Bellway PLC		2,165,422		98,253,559		0.8	%
	Close Brothers Group PLC		3,165,895		62,363,565		0.5	%
	Drax Group PLC		6,150,470		44,731,273		0.4	%
	Grafton Group PLC		5,481,699		100,685,089		0.8	%
	Man Group PLC		19,186,374		60,940,067		0.5	%
*	Meggitt PLC		8,865,721		91,022,660		0.7	%
	Paragon Banking Group PLC		6,577,529		49,308,900		0.4	%
*	Playtech PLC		4,272,115		40,644,360		0.3	%
	Redrow PLC		6,678,500		58,802,405		0.5	%
	Royal Mail PLC		10,200,913		58,806,428		0.5	%
	Travis Perkins PLC		4,636,653		98,022,794		0.8	%
	Vesuvius PLC		6,801,719		43,855,831		0.4	%
	Vistry Group PLC		5,262,888		88,130,772		0.7	%
	Other Securities				1,029,460,043		7.7	%
TOTAL UNITED KINGDOM					1,925,027,746		15.0	%
UNITED STATES — (0.0%)
	Other Security				1,846,620		0.0	%
TOTAL COMMON STOCKS					12,571,938,061		98.3	%
PREFERRED STOCKS — (0.2%)
GERMANY — (0.2%)
	Other Securities				30,269,615		0.3	%
RIGHTS/WARRANTS — (0.0%)
AUSTRIA — (0.0%)
	Other Security				503		0.0	%
CANADA — (0.0%)
	Other Security				39,007		0.0	%
NEW ZEALAND — (0.0%)
	Other Security				30,165		0.0	%

57

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED

	Shares		Value»		Percentage of Net Assets‡
SINGAPORE — (0.0%)
Other Securities			$	17,360		0.0	%
SPAIN — (0.0%)
Other Security				10,407		0.0	%
TOTAL RIGHTS/WARRANTS				97,442		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $10,248,353,766)				12,602,305,118
			Value†
SECURITIES LENDING COLLATERAL — (3.0%)
@§ The DFA Short Term Investment Fund		33,153,941		383,591,098		3.0	%
TOTAL INVESTMENTS—(100.0%) (Cost $10,631,897,697)			$	12,985,896,216		101.6	%

As of October 31, 2021, DFA International Small Cap Value 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		510		12/17/21	$	112,721,849	$	117,223,500	$	4,501,651
Total Futures Contracts					$	112,721,849	$	117,223,500	$	4,501,651

Summary of the Portfolio’s investments as of October 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
Australia		—	$	1,006,098,427		—	$	1,006,098,427
Austria		—		127,262,202		—		127,262,202
Belgium	$	825,516		237,907,741		—		238,733,257
Canada		1,412,654,957		2,506,496		—		1,415,161,453
China		—		806,719		—		806,719
Denmark		—		321,467,166		—		321,467,166
Finland		—		289,462,391		—		289,462,391
France		—		527,375,379		—		527,375,379
Germany		15,404,577		845,741,150		—		861,145,727
Greece		—		—	$	1,986		1,986
Hong Kong		—		297,553,804		533,026		298,086,830
Ireland		—		34,253,029		—		34,253,029
Israel		1,517,258		143,254,807		—		144,772,065
Italy		—		474,315,668		—		474,315,668
Japan		18,249,171		2,828,616,466		—		2,846,865,637
Netherlands		—		356,345,185		—		356,345,185
New Zealand		—		46,628,416		—		46,628,416
Norway		—		96,207,378		—		96,207,378
Portugal		—		34,955,180		—		34,955,180

58

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Singapore		—	$	115,028,770	$	1,374,907	$	116,403,677
Spain		—		275,119,688		—		275,119,688
Sweden	$	4,722,188		440,124,598		—		444,846,786
Switzerland		1,311,051		687,438,398		—		688,749,449
United Kingdom		—		1,925,027,746		—		1,925,027,746
United States		1,846,620		—		—		1,846,620
Preferred Stocks
Germany		—		30,269,615		—		30,269,615
Rights/Warrants
Austria		—		503		—		503
Canada		—		39,007		—		39,007
New Zealand		—		30,165		—		30,165
Singapore		—		17,360		—		17,360
Spain		—		10,407		—		10,407
Securities Lending Collateral		—		383,591,098		—		383,591,098
Futures Contracts**		4,501,651		—		—		4,501,651
TOTAL	$	1,461,032,989	$	11,527,454,959	$	1,909,919^	$	12,990,397,867

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

59

INTERNATIONAL VECTOR EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (95.8%)
AUSTRALIA — (6.0%)
	National Australia Bank Ltd.		308,973	$	6,717,683		0.2	%
	Westpac Banking Corp.		357,485		6,954,916		0.2	%
	Other Securities				215,373,029		5.8	%
TOTAL AUSTRALIA					229,045,628		6.2	%
AUSTRIA — (0.7%)
	Other Securities				28,127,457		0.8	%
BELGIUM — (1.2%)
	Other Securities				43,782,692		1.2	%
CANADA — (9.9%)
	Bank of Nova Scotia		102,743		6,735,831		0.2	%
	Canadian Natural Resources Ltd.		218,739		9,298,595		0.3	%
	Royal Bank of Canada		73,948		7,697,141		0.2	%
	Suncor Energy, Inc.		242,441		6,376,198		0.2	%
	Tourmaline Oil Corp.		211,983		7,661,603		0.2	%
	Other Securities				341,427,029		9.1	%
TOTAL CANADA					379,196,397		10.2	%
CHINA — (0.0%)
	Other Securities				248,576		0.0	%
DENMARK — (2.4%)
	Novo Nordisk AS, Class B		58,933		6,462,290		0.2	%
#	Pandora AS		42,629		5,965,313		0.2	%
	Other Securities				78,578,314		2.0	%
TOTAL DENMARK					91,005,917		2.4	%
FINLAND — (1.7%)
	Other Securities				64,132,489		1.7	%
FRANCE — (7.2%)
	Arkema SA		56,478		7,725,851		0.2	%
#	BNP Paribas SA		106,510		7,129,482		0.2	%
	Carrefour SA		467,430		8,462,285		0.2	%
	Cie de Saint-Gobain		85,238		5,882,490		0.2	%
	Cie Generale des Etablissements Michelin SCA		51,511		8,098,427		0.2	%
	Engie SA		450,025		6,401,672		0.2	%
#	Orange SA		1,316,569		14,357,118		0.4	%
	TotalEnergies SE		308,861		15,466,199		0.4	%
	Other Securities				201,686,521		5.4	%
TOTAL FRANCE					275,210,045		7.4	%
GERMANY — (6.1%)
	Allianz SE		36,861		8,559,505		0.2	%
	Bayerische Motoren Werke AG		59,479		6,009,520		0.2	%
*	Commerzbank AG		883,755		6,453,954		0.2	%
	Daimler AG		163,910		16,270,103		0.5	%
	KION Group AG		61,526		6,720,408		0.2	%

60

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
GERMANY — (Continued)
	Other Securities			$	190,211,492		5.0	%
TOTAL GERMANY					234,224,982		6.3	%
HONG KONG — (2.2%)
	Other Securities				83,786,185		2.3	%
IRELAND — (0.8%)
#	CRH PLC, Sponsored ADR		242,922		11,645,681		0.3	%
	Other Securities				18,814,777		0.5	%
TOTAL IRELAND					30,460,458		0.8	%
ISRAEL — (1.1%)
	Other Securities				40,476,578		1.1	%
ITALY — (2.6%)
	UniCredit SpA		476,352		6,297,103		0.2	%
	Other Securities				92,977,039		2.5	%
TOTAL ITALY					99,274,142		2.7	%
JAPAN — (22.8%)
	ENEOS Holdings, Inc.		1,499,070		6,044,624		0.2	%
	Mitsubishi UFJ Financial Group, Inc.		1,117,000		6,125,063		0.2	%
	SoftBank Group Corp.		189,600		10,264,444		0.3	%
	Sony Group Corp., Sponsored ADR		54,920		6,359,187		0.2	%
	Toyota Motor Corp.		430,090		7,588,575		0.2	%
#	Toyota Motor Corp., Sponsored ADR		34,806		6,145,695		0.2	%
	Other Securities				825,746,654		22.1	%
TOTAL JAPAN					868,274,242		23.4	%
NETHERLANDS — (4.0%)
#	Aegon NV		1,281,817		6,501,745		0.2	%
	ASML Holding NV		9,650		7,844,024		0.2	%
	ASR Nederland NV		149,446		6,985,735		0.2	%
	Koninklijke Ahold Delhaize NV		417,882		13,594,727		0.4	%
	Randstad NV		97,050		6,972,790		0.2	%
W	Signify NV		139,981		6,782,973		0.2	%
	Stellantis NV		684,296		13,663,295		0.4	%
	Other Securities				92,009,344		2.4	%
TOTAL NETHERLANDS					154,354,633		4.2	%
NEW ZEALAND — (0.5%)
	Other Securities				18,848,422		0.5	%
NORWAY — (0.9%)
	Other Securities				34,154,176		0.9	%
PORTUGAL — (0.3%)
	Other Securities				9,398,212		0.3	%
SINGAPORE — (0.8%)
	Other Securities				31,551,712		0.8	%

61

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED

	Shares		Value»		Percentage of Net Assets‡
SPAIN — (2.0%)
#   Banco Santander SA		1,654,793	$	6,276,767		0.2	%
Other Securities				68,632,226		1.8	%
TOTAL SPAIN				74,908,993		2.0	%
SWEDEN — (3.5%)
Other Securities				134,529,860		3.6	%
SWITZERLAND — (7.2%)
Georg Fischer AG		4,182		6,327,583		0.2	%
Julius Baer Group Ltd.		127,245		9,203,895		0.3	%
Nestle SA		126,847		16,732,029		0.5	%
Swiss Life Holding AG		11,301		6,199,347		0.2	%
Swisscom AG		15,415		8,393,842		0.2	%
Zurich Insurance Group AG		14,535		6,442,211		0.2	%
Other Securities				222,040,181		5.8	%
TOTAL SWITZERLAND				275,339,088		7.4	%
UNITED KINGDOM — (11.9%)
BP PLC		2,030,060		9,725,815		0.3	%
*   BT Group PLC		3,604,399		6,847,741		0.2	%
HSBC Holdings PLC, Sponsored ADR		320,826		9,647,238		0.3	%
Kingfisher PLC		1,314,662		6,033,761		0.2	%
Royal Dutch Shell PLC, Sponsored ADR, Class B		311,988		14,301,530		0.4	%
Other Securities				407,199,866		10.8	%
TOTAL UNITED KINGDOM				453,755,951		12.2	%
UNITED STATES — (0.0%)
Other Securities				772,717		0.0	%
TOTAL COMMON STOCKS				3,654,859,552		98.4	%
PREFERRED STOCKS — (0.5%)
GERMANY — (0.5%)
Volkswagen AG		30,000		6,732,942		0.2	%
Other Securities				12,861,997		0.3	%
TOTAL GERMANY				19,594,939		0.5	%
RIGHTS/WARRANTS — (0.0%)
AUSTRIA — (0.0%)
Other Securities				1,803		0.0	%
CANADA — (0.0%)
Other Securities				149,605		0.0	%
HONG KONG — (0.0%)
Other Security				362		0.0	%
NEW ZEALAND — (0.0%)
Other Security				4,499		0.0	%
PORTUGAL — (0.0%)
Other Security				1,564		0.0	%

62

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED

	Shares		Value»		Percentage of Net Assets‡
SPAIN — (0.0%)
Other Security			$	82,748		0.0	%
TOTAL RIGHTS/WARRANTS				240,581		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $2,695,410,139)				3,674,695,072
			Value†
SECURITIES LENDING COLLATERAL — (3.7%)
@§ The DFA Short Term Investment Fund		12,358,512		142,987,985		3.8	%
TOTAL INVESTMENTS—(100.0%) (Cost $2,838,377,627)			$	3,817,683,057		102.7	%

As of October 31, 2021, International Vector Equity 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		78		12/17/21	$	17,102,224	$	17,928,300	$	826,076
Total Futures Contracts					$	17,102,224	$	17,928,300	$	826,076

Summary of the Portfolio’s investments as of October 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
Australia	$	235,357	$	228,810,221	$	50	$	229,045,628
Austria		—		28,127,457		—		28,127,457
Belgium		1,989,595		41,793,097		—		43,782,692
Canada		377,787,675		1,408,722		—		379,196,397
China		—		248,576		—		248,576
Denmark		—		91,005,917		—		91,005,917
Finland		—		64,132,489		—		64,132,489
France		351,761		274,856,393		1,891		275,210,045
Germany		8,560,250		225,664,732		—		234,224,982
Hong Kong		117,300		83,579,229		89,656		83,786,185
Ireland		11,645,681		18,814,777		—		30,460,458
Israel		3,121,274		37,355,304		—		40,476,578
Italy		1,153,965		98,120,177		—		99,274,142
Japan		17,470,956		850,803,286		—		868,274,242
Netherlands		17,090,712		137,263,921		—		154,354,633
New Zealand		10,554		18,837,868		—		18,848,422
Norway		45,021		34,109,155		—		34,154,176
Portugal		—		9,398,212		—		9,398,212
Singapore		334,947		31,154,416		62,349		31,551,712
Spain		3,623,676		71,285,317		—		74,908,993
Sweden		372,233		134,157,627		—		134,529,860
Switzerland		16,241,831		259,097,257		—		275,339,088

63

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
United Kingdom	$	57,737,822	$	396,018,129		—	$	453,755,951
United States		575,239		197,478		—		772,717
Preferred Stocks
Germany		—		19,594,939		—		19,594,939
Rights/Warrants
Austria		—		1,803		—		1,803
Canada		—		149,605		—		149,605
Hong Kong		—		362		—		362
New Zealand		—		4,499		—		4,499
Portugal		—		1,564		—		1,564
Spain		—		82,748		—		82,748
Securities Lending Collateral		—		142,987,985		—		142,987,985
Futures Contracts**		826,076		—		—		826,076
TOTAL	$	519,291,925	$	3,299,063,262	$	153,946^	$	3,818,509,133

** Valued at the unrealized appreciation/(depreciation) on the investment

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

64

INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

	Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (95.1%)
AUSTRALIA — (6.0%)
#   BHP Group Ltd., Sponsored ADR		261,477	$	14,339,399		0.7	%
CSL Ltd.		93,279		21,224,731		1.0	%
Wesfarmers Ltd.		252,587		10,928,358		0.5	%
Other Securities				89,562,204		4.0	%
TOTAL AUSTRALIA				136,054,692		6.2	%
AUSTRIA — (0.1%)
Other Securities				3,304,905		0.2	%
BELGIUM — (0.7%)
Other Securities				15,930,310		0.7	%
CANADA — (9.6%)
Canadian National Railway Co.		103,129		13,706,091		0.6	%
Constellation Software, Inc.		6,141		10,792,351		0.5	%
National Bank of Canada		138,986		11,506,549		0.5	%
Royal Bank of Canada		185,318		19,289,484		0.9	%
Royal Bank of Canada		64,164		6,673,698		0.3	%
TC Energy Corp.		200,669		10,855,518		0.5	%
Other Securities				144,179,424		6.6	%
TOTAL CANADA				217,003,115		9.9	%
DENMARK — (2.7%)
Novo Nordisk AS, Class B		490,008		53,731,758		2.4	%
Other Securities				7,642,730		0.4	%
TOTAL DENMARK				61,374,488		2.8	%
FINLAND — (0.9%)
Other Securities				20,021,880		0.9	%
FRANCE — (9.1%)
Air Liquide SA		66,793		11,151,605		0.5	%
*   Airbus SE		114,996		14,751,919		0.7	%
Capgemini SE		55,952		13,045,927		0.6	%
Kering SA		17,329		13,006,013		0.6	%
Legrand SA		107,350		11,710,814		0.5	%
LVMH Moet Hennessy Louis Vuitton SE		59,150		46,380,786		2.1	%
Other Securities				96,011,168		4.4	%
TOTAL FRANCE				206,058,232		9.4	%
GERMANY — (7.1%)
Bayer AG		204,634		11,532,692		0.5	%
Daimler AG		196,327		19,487,892		0.9	%
Deutsche Post AG		218,448		13,523,455		0.6	%
Deutsche Telekom AG		837,113		15,567,916		0.7	%
E.ON SE		886,740		11,243,686		0.5	%
Other Securities				88,913,803		4.1	%
TOTAL GERMANY				160,269,444		7.3	%

65

INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO

CONTINUED

	Shares		Value»		Percentage of Net Assets‡
HONG KONG — (2.3%)
Hong Kong Exchanges & Clearing Ltd.		293,437	$	17,677,145		0.8	%
Techtronic Industries Co. Ltd.		571,500		11,741,611		0.5	%
Other Securities				22,099,748		1.1	%
TOTAL HONG KONG				51,518,504		2.4	%
IRELAND — (0.6%)
Other Securities				13,209,635		0.6	%
ISRAEL — (0.4%)
Other Securities				9,746,523		0.4	%
ITALY — (1.7%)
Other Securities				39,537,219		1.8	%
JAPAN — (20.7%)
Daikin Industries Ltd.		49,600		10,863,132		0.5	%
Hitachi Ltd.		263,500		15,184,066		0.7	%
Hoya Corp.		78,800		11,600,027		0.5	%
KDDI Corp.		456,200		13,950,588		0.6	%
Nintendo Co. Ltd.		25,600		11,306,418		0.5	%
Recruit Holdings Co. Ltd.		234,200		15,578,749		0.7	%
SoftBank Group Corp.		427,500		23,143,722		1.1	%
Sony Group Corp.		328,700		38,062,239		1.7	%
Tokyo Electron Ltd.		33,900		15,798,515		0.7	%
Other Securities				314,033,352		14.5	%
TOTAL JAPAN				469,520,808		21.5	%
NETHERLANDS — (4.5%)
ASML Holding NV		14,189		11,534,233		0.5	%
ASML Holding NV		52,224		42,451,845		2.0	%
Koninklijke Ahold Delhaize NV		441,808		14,373,098		0.7	%
Wolters Kluwer NV		135,723		14,212,699		0.7	%
Other Securities				19,962,958		0.8	%
TOTAL NETHERLANDS				102,534,833		4.7	%
NEW ZEALAND — (0.2%)
Other Securities				5,796,298		0.3	%
NORWAY — (0.7%)
Other Securities				16,637,032		0.8	%
PORTUGAL — (0.1%)
Other Security				1,495,116		0.1	%
SINGAPORE — (0.8%)
Other Securities				17,435,745		0.8	%
SPAIN — (1.8%)
Iberdrola SA		961,878		11,368,609		0.5	%
Other Securities				29,892,893		1.4	%
TOTAL SPAIN				41,261,502		1.9	%

66

INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO

CONTINUED

						Percentage
		Shares		Value»		of Net Assets‡
SWEDEN — (2.8%)
	Other Securities			$	63,574,460		2.9	%
SWITZERLAND — (8.9%)
	Geberit AG		14,079		10,995,031		0.5	%
#	Givaudan SA		2,412		11,365,189		0.5	%
	Nestle SA		290,751		38,352,143		1.7	%
	Partners Group Holding AG		7,501		13,103,903		0.6	%
	Roche Holding AG		8,192		3,523,567		0.2	%
	Roche Holding AG		183,630		71,137,153		3.3	%
	Sika AG		36,778		12,459,637		0.6	%
	Other Securities				41,007,174		1.9	%
TOTAL SWITZERLAND					201,943,797		9.3	%
UNITED KINGDOM — (13.4%)
	Ashtead Group PLC		224,550		18,819,564		0.9	%
	AstraZeneca PLC		67,346		8,425,072		0.4	%
	AstraZeneca PLC, Sponsored ADR		411,126		25,646,040		1.2	%
	BAE Systems PLC		1,647,985		12,426,073		0.6	%
	Diageo PLC		80,730		4,016,454		0.2	%
	Diageo PLC, Sponsored ADR		106,135		21,191,975		1.0	%
	Ferguson PLC		94,077		14,155,179		0.6	%
#	Rio Tinto PLC, Sponsored ADR		251,488		15,911,646		0.7	%
	SSE PLC		501,447		11,292,383		0.5	%
	Unilever PLC		48,760		2,610,702		0.1	%
	Unilever PLC		62,170		3,328,181		0.2	%
	Unilever PLC, Sponsored ADR		508,666		27,254,324		1.2	%
	Other Securities				138,375,077		6.3	%
TOTAL UNITED KINGDOM					303,452,670		13.9	%
TOTAL COMMON STOCKS					2,157,681,208		98.8	%
PREFERRED STOCKS — (0.7%)
GERMANY — (0.7%)
	Other Securities				16,278,674		0.8	%
TOTAL INVESTMENT SECURITIES (Cost $1,682,823,541)					2,173,959,882
				Value†
SECURITIES LENDING COLLATERAL — (4.2%)
@§	The DFA Short Term Investment Fund		8,322,937		96,296,385		4.4	%
TOTAL INVESTMENTS—(100.0%) (Cost $1,779,114,946)				$	2,270,256,267		104.0	%

67

INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO

CONTINUED

Summary of the Portfolio’s investments as of October 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
Australia	$	14,339,399	$	121,715,293		—	$	136,054,692
Austria		—		3,304,905		—		3,304,905
Belgium		—		15,930,310		—		15,930,310
Canada		217,003,115		—		—		217,003,115
Denmark		—		61,374,488		—		61,374,488
Finland		744,131		19,277,749		—		20,021,880
France		2,455,556		203,602,676		—		206,058,232
Germany		436,098		159,833,346		—		160,269,444
Hong Kong		—		51,518,504		—		51,518,504
Ireland		4,037,123		9,172,512		—		13,209,635
Israel		3,274,027		6,472,496		—		9,746,523
Italy		4,326,692		35,210,527		—		39,537,219
Japan		—		469,520,808		—		469,520,808
Netherlands		42,451,845		60,082,988		—		102,534,833
New Zealand		—		5,796,298		—		5,796,298
Norway		—		16,637,032		—		16,637,032
Portugal		—		1,495,116		—		1,495,116
Singapore		—		17,435,745		—		17,435,745
Spain		—		41,261,502		—		41,261,502
Sweden		—		63,574,460		—		63,574,460
Switzerland		5,763,361		196,180,436		—		201,943,797
United Kingdom		105,766,135		197,686,535		—		303,452,670
Preferred Stocks
Germany		—		16,278,674		—		16,278,674
Securities Lending Collateral		—		96,296,385		—		96,296,385
TOTAL	$	400,597,482	$	1,869,658,785		—	$	2,270,256,267

See accompanying Notes to Financial Statements.

68

WORLD EX U.S. VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

	Shares		Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The DFA International Value Series of The DFA Investment Trust Company			$	186,926,657
Investment in Dimensional Emerging Markets Value Fund				94,194,508
Investment in DFA International Small Cap Value Portfolio of DFA Investment Dimensions Group Inc.		1,238,231		27,414,434
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $259,828,811)			$	308,535,599

Summary of the Portfolio’s investments as of October 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	$	308,535,599		—		—	$	308,535,599
TOTAL	$	308,535,599		—		—	$	308,535,599

See accompanying Notes to Financial Statements.

69

WORLD EX U.S. CORE EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (95.9%)
AUSTRALIA — (4.2%)
#	BHP Group Ltd.		352,621	$	9,685,435		0.3	%
	Commonwealth Bank of Australia		87,813		6,960,251		0.2	%
	CSL Ltd.		28,867		6,568,405		0.2	%
	Other Securities				151,335,210		3.6	%
TOTAL AUSTRALIA					174,549,301		4.3	%
AUSTRIA — (0.4%)
	Other Securities				16,069,401		0.4	%
BELGIUM — (0.7%)
	Other Securities				30,014,556		0.7	%
BRAZIL — (1.0%)
	Vale SA		628,010		7,968,353		0.2	%
	Other Securities				34,429,696		0.8	%
TOTAL BRAZIL					42,398,049		1.0	%
CANADA — (7.2%)
	Bank of Montreal		65,266		7,082,014		0.2	%
	Canadian Natural Resources Ltd.		164,318		6,983,781		0.2	%
	Canadian Natural Resources Ltd.		155,586		6,613,961		0.2	%
	Magna International, Inc.	��	87,254		7,093,750		0.2	%
	National Bank of Canada		93,086		7,706,522		0.2	%
#	Royal Bank of Canada		120,786		12,572,441		0.3	%
	Royal Bank of Canada		97,598		10,151,168		0.3	%
#	Toronto-Dominion Bank		89,325		6,476,956		0.2	%
	Other Securities				236,312,112		5.6	%
TOTAL CANADA					300,992,705		7.4	%
CHILE — (0.1%)
	Other Securities				4,449,703		0.1	%
CHINA — (9.1%)
*	Alibaba Group Holding Ltd., Sponsored ADR		44,024		7,261,319		0.2	%
	China Construction Bank Corp., Class H		10,898,000		7,416,968		0.2	%
	Ping An Insurance Group Co. of China Ltd., Class H		908,000		6,503,758		0.2	%
	Tencent Holdings Ltd.		442,200		26,898,934		0.7	%
	Other Securities				331,912,367		8.0	%
TOTAL CHINA					379,993,346		9.3	%
COLOMBIA — (0.1%)
	Other Securities				2,328,978		0.1	%
CZECH REPUBLIC — (0.0%)
	Other Securities				1,213,913		0.0	%
DENMARK — (1.6%)
	Novo Nordisk AS, Class B		144,089		15,800,059		0.4	%
	Other Securities				51,971,890		1.3	%
TOTAL DENMARK					67,771,949		1.7	%

70

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED

	Shares		Value»		Percentage of Net Assets‡
EGYPT — (0.0%)
Other Securities			$	260,407		0.0	%
FINLAND — (1.1%)
Other Securities				46,026,912		1.1	%
FRANCE — (5.3%)
LVMH Moet Hennessy Louis Vuitton SE		21,810		17,101,690		0.4	%
TotalEnergies SE		176,070		8,816,696		0.2	%
Vinci SA		66,251		7,082,907		0.2	%
Other Securities				188,380,663		4.6	%
TOTAL FRANCE				221,381,956		5.4	%
GERMANY — (4.4%)
Bayerische Motoren Werke AG		72,976		7,373,203		0.2	%
Daimler AG		116,609		11,574,891		0.3	%
Deutsche Telekom AG		371,759		6,913,658		0.2	%
Other Securities				156,515,437		3.8	%
TOTAL GERMANY				182,377,189		4.5	%
GREECE — (0.1%)
Other Securities				2,353,597		0.1	%
HONG KONG — (1.5%)
AIA Group Ltd.		608,200		6,816,103		0.2	%
Other Securities				56,280,980		1.3	%
TOTAL HONG KONG				63,097,083		1.5	%
HUNGARY — (0.1%)
Other Securities				3,161,564		0.1	%
INDIA — (4.3%)
Infosys Ltd.		347,300		7,787,308		0.2	%
Reliance Industries Ltd.		235,961		8,019,213		0.2	%
Other Securities				166,007,354		4.0	%
TOTAL INDIA				181,813,875		4.4	%
INDONESIA — (0.5%)
Other Securities				19,227,175		0.5	%
IRELAND — (0.6%)
CRH PLC, Sponsored ADR		218,452		10,472,589		0.3	%
Other Securities				15,784,034		0.3	%
TOTAL IRELAND				26,256,623		0.6	%
ISRAEL — (0.6%)
Other Securities				25,711,150		0.6	%
ITALY — (1.8%)
Other Securities				74,742,658		1.8	%
JAPAN — (14.5%)
SoftBank Group Corp.		157,844		8,545,258		0.2	%

71

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED

	Shares		Value»		Percentage of Net Assets‡
JAPAN — (Continued)
Sony Group Corp.		104,000	$	12,042,814		0.3	%
Toyota Motor Corp.		1,130,315		19,943,453		0.5	%
Other Securities				564,955,502		13.8	%
TOTAL JAPAN				605,487,027		14.8	%
MALAYSIA — (0.5%)
Other Securities				22,509,416		0.5	%
MEXICO — (0.6%)
Other Securities				27,022,855		0.7	%
NETHERLANDS — (2.6%)
ASML Holding NV		20,610		16,753,457		0.4	%
Koninklijke Ahold Delhaize NV		261,210		8,497,794		0.2	%
Stellantis NV		444,798		8,881,266		0.2	%
Other Securities				75,007,080		1.9	%
TOTAL NETHERLANDS				109,139,597		2.7	%
NEW ZEALAND — (0.3%)
Other Securities				14,483,709		0.3	%
NORWAY — (0.7%)
Other Securities				27,941,992		0.7	%
PERU — (0.0%)
Other Securities				282,164		0.0	%
PHILIPPINES — (0.2%)
Other Securities				10,411,825		0.2	%
POLAND — (0.3%)
Other Securities				12,195,746		0.3	%
PORTUGAL — (0.1%)
Other Securities				5,437,389		0.1	%
QATAR — (0.1%)
Other Securities				6,173,656		0.1	%
RUSSIA — (0.3%)
Other Securities				10,829,184		0.3	%
SAUDI ARABIA — (0.8%)
Other Securities				35,528,203		0.9	%
SINGAPORE — (0.6%)
Other Securities				24,238,196		0.6	%
SOUTH AFRICA — (1.6%)
Other Securities				65,849,684		1.6	%
SOUTH KOREA — (4.3%)
Samsung Electronics Co. Ltd.		661,530		39,607,861		1.0	%
SK Hynix, Inc.		79,671		7,023,044		0.2	%

72

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED

						Percentage
		Shares		Value»		of Net Assets‡
SOUTH KOREA — (Continued)
	Other Securities			$	132,948,484		3.2	%
TOTAL SOUTH KOREA					179,579,389		4.4	%
SPAIN — (1.3%)
	Iberdrola SA		581,973		6,878,441		0.2	%
	Other Securities				45,927,278		1.1	%
TOTAL SPAIN					52,805,719		1.3	%
SWEDEN — (2.3%)
	Volvo AB, Class B		272,897		6,363,726		0.2	%
	Other Securities				91,247,321		2.2	%
TOTAL SWEDEN					97,611,047		2.4	%
SWITZERLAND — (5.0%)
	Nestle SA		285,492		37,658,443		0.9	%
	Novartis AG		100,236		8,290,790		0.2	%
	Roche Holding AG		58,789		22,774,504		0.6	%
	Sika AG		19,260		6,524,895		0.2	%
	Other Securities				131,916,854		3.2	%
TOTAL SWITZERLAND					207,165,486		5.1	%
TAIWAN — (5.4%)
	Taiwan Semiconductor Manufacturing Co. Ltd.		1,170,000		24,827,739		0.6	%
	Taiwan Semiconductor Manufacturing Co. Ltd., Sponsored ADR		129,369		14,709,255		0.4	%
	Other Securities				186,023,734		4.5	%
TOTAL TAIWAN					225,560,728		5.5	%
THAILAND — (0.6%)
	Other Securities				27,137,999		0.7	%
TURKEY — (0.2%)
	Other Securities				7,084,237		0.2	%
UNITED ARAB EMIRATES — (0.2%)
	Other Securities				6,426,386		0.2	%
UNITED KINGDOM — (8.7%)
	Ashtead Group PLC		76,598		6,419,688		0.2	%
	AstraZeneca PLC, Sponsored ADR		149,455		9,323,003		0.2	%
	BP PLC, Sponsored ADR		305,930		8,807,725		0.2	%
	HSBC Holdings PLC, Sponsored ADR		230,666		6,936,127		0.2	%
#	Rio Tinto PLC, Sponsored ADR		172,914		10,940,269		0.3	%
	Royal Dutch Shell PLC, Sponsored ADR, Class B		341,272		15,643,908		0.4	%
	Unilever PLC, Sponsored ADR		123,174		6,599,663		0.2	%
	Other Securities				298,729,185		7.2	%
TOTAL UNITED KINGDOM					363,399,568		8.9	%
UNITED STATES — (0.0%)
	Other Securities				908,535		0.0	%
TOTAL COMMON STOCKS					4,011,401,827		98.1	%

73

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CONTINUED

				Percentage
	Shares	Value»		of Net Assets‡
PREFERRED STOCKS — (0.6%)
BRAZIL — (0.2%)
Other Securities		$	10,076,015		0.3	%
CHILE — (0.0%)
Other Securities			196,528		0.0	%
COLOMBIA — (0.0%)
Other Securities			309,579		0.0	%
GERMANY — (0.4%)
Other Securities			17,118,576		0.4	%
PHILIPPINES — (0.0%)
Other Security			48,159		0.0	%
SOUTH KOREA — (0.0%)
Other Securities			40,073		0.0	%
THAILAND — (0.0%)
Other Security			146,079		0.0	%
TOTAL PREFERRED STOCKS			27,935,009		0.7	%
RIGHTS/WARRANTS — (0.0%)
AUSTRIA — (0.0%)
Other Securities			348		0.0	%
CANADA — (0.0%)
Other Security			52,504		0.0	%
HONG KONG — (0.0%)
Other Security			304		0.0	%
NEW ZEALAND — (0.0%)
Other Security			1,054		0.0	%
SOUTH KOREA — (0.0%)
Other Security			403		0.0	%
SPAIN — (0.0%)
Other Security			65,085		0.0	%
TAIWAN — (0.0%)
Other Securities			2,200		0.0	%
THAILAND — (0.0%)
Other Securities			112,544		0.0	%
TOTAL RIGHTS/WARRANTS			234,442		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $3,030,242,478)			4,039,571,278

74

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED

					Percentage
	Shares		Value†		of Net Assets‡
SECURITIES LENDING COLLATERAL — (3.5%)
@§ The DFA Short Term Investment Fund		12,493,822	$	144,553,518		3.5	%
TOTAL INVESTMENTS—(100.0%) (Cost $3,174,772,909)			$	4,184,124,796		102.3	%

As of October 31, 2021, World ex U.S. Core Equity 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		158		12/17/21	$	35,282,412	$	36,316,300	$	1,033,888
Total Futures Contracts					$	35,282,412	$	36,316,300	$	1,033,888

Summary of the Portfolio’s investments as of October 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
Australia	$	932,297	$	173,617,004		—	$	174,549,301
Austria		—		16,069,401		—		16,069,401
Belgium		305,632		29,708,924		—		30,014,556
Brazil		42,398,049		—		—		42,398,049
Canada		300,295,695		697,010		—		300,992,705
Chile		949,520		3,500,183		—		4,449,703
China		35,900,636		342,341,550	$	1,751,160		379,993,346
Colombia		2,328,978		—		—		2,328,978
Czech Republic		—		1,213,913		—		1,213,913
Denmark		—		67,771,949		—		67,771,949
Egypt		121,360		139,047		—		260,407
Finland		—		46,026,912		—		46,026,912
France		552,196		220,827,504		2,256		221,381,956
Germany		1,589,887		180,787,302		—		182,377,189
Greece		—		2,352,157		1,440		2,353,597
Hong Kong		623,146		62,411,909		62,028		63,097,083
Hungary		—		3,161,564		—		3,161,564
India		3,431,397		178,382,005		473		181,813,875
Indonesia		166,221		18,948,801		112,153		19,227,175
Ireland		10,472,589		15,784,034		—		26,256,623
Israel		2,125,667		23,585,483		—		25,711,150
Italy		659,759		74,082,899		—		74,742,658
Japan		4,432,921		601,054,106		—		605,487,027
Malaysia		—		22,509,237		179		22,509,416
Mexico		26,892,787		129,870		198		27,022,855
Netherlands		18,193,004		90,946,593		—		109,139,597
New Zealand		—		14,483,709		—		14,483,709
Norway		188,284		27,753,708		—		27,941,992
Peru		281,575		589		—		282,164
Philippines		27,536		10,384,289		—		10,411,825
Poland		—		12,195,746		—		12,195,746

75

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Portugal		—	$	5,437,389		—	$	5,437,389
Qatar		—		6,173,656		—		6,173,656
Russia	$	4,840,114		5,989,070		—		10,829,184
Saudi Arabia		52,343		35,475,860		—		35,528,203
Singapore		412,749		23,782,381	$	43,066		24,238,196
South Africa		8,360,502		57,489,182		—		65,849,684
South Korea		778,135		178,742,201		59,053		179,579,389
Spain		642,129		52,163,590		—		52,805,719
Sweden		138,422		97,472,625		—		97,611,047
Switzerland		9,164,251		198,001,235		—		207,165,486
Taiwan		14,904,075		210,647,008		9,645		225,560,728
Thailand		27,137,999		—		—		27,137,999
Turkey		—		7,084,237		—		7,084,237
United Arab Emirates		—		6,424,573		1,813		6,426,386
United Kingdom		84,487,086		278,912,482		—		363,399,568
United States		812,227		96,308		—		908,535
Preferred Stocks
Brazil		10,076,015		—		—		10,076,015
Chile		—		196,528		—		196,528
Colombia		309,579		—		—		309,579
Germany		—		17,118,576		—		17,118,576
Philippines		—		48,159		—		48,159
South Korea		—		40,073		—		40,073
Thailand		146,079		—		—		146,079
Rights/Warrants
Austria		—		348		—		348
Canada .		—		52,504		—		52,504
Hong Kong		—		304		—		304
New Zealand		—		1,054		—		1,054
South Korea		—		403		—		403
Spain		—		65,085		—		65,085
Taiwan		—		2,200		—		2,200
Thailand		—		112,544		—		112,544
Securities Lending Collateral		—		144,553,518		—		144,553,518
Futures Contracts**		1,033,888		—		—		1,033,888
TOTAL	$	616,164,729	$	3,566,950,491	$	2,043,464^	$	4,185,158,684

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

76

WORLD CORE EQUITY PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

	Shares		Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group, Inc.		17,742,691	$	643,172,559
Investment in International Core Equity Portfolio of DFA Investment Dimensions Group, Inc.		19,309,539		315,517,875
Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group, Inc.		5,209,080		131,060,446
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $682,661,848)			$	1,089,750,880

Summary of the Portfolio’s investments as of October 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	$	1,089,750,880		—		—	$	1,089,750,880
TOTAL	$	1,089,750,880		—		—	$	1,089,750,880

See accompanying Notes to Financial Statements.

77

SELECTIVELY HEDGED GLOBAL EQUITY PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

	Shares		Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in U.S. Core Equity 2 Portfolio of DFA Investment Dimensions Group, Inc.		5,644,718	$	187,178,852
Investment in International Core Equity Portfolio of DFA Investment Dimensions Group, Inc.		5,747,864		93,920,091
Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group, Inc.		2,498,237		62,855,657
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $190,773,800)			$	343,954,600

As of October 31, 2021, Selectively Hedged Global Equity Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying financial statements:

					Settlement		Unrealized Foreign Exchange Appreciation
Currency Purchased		Currency Sold		Counterparty	Date		(Depreciation)
ILS	2,265,832	USD	713,918	Morgan Stanley and Co. International		11/01/21	$	2,132
USD	19,857,625	JPY	2,202,126,242	Bank of America Corp.		11/10/21		535,437
NOK	6,629,263	USD	769,251	Goldman Sachs International		11/16/21		15,412
USD	14,963,512	HKD	116,386,099	JP Morgan		11/29/21		3,661
USD	22,817,692	EUR	19,565,224	State Street Bank and Trust		12/28/21		166,590
USD	1,964,512	DKK	12,529,657	JP Morgan		01/21/22		13,141
Total Appreciation							$	736,373
USD	35,127	ILS	113,357	Citibank NA		11/01/21	$	(696	)
USD	37,935	ILS	121,724	State Street Bank and Trust		11/01/21		(532	)
USD	630,307	ILS	2,030,751	UBS AG		11/01/21		(11,453	)
JPY	106,015,644	USD	953,413	Barclays Capital		11/10/21		(23,197	)
USD	757,141	NOK	6,629,263	Citibank NA		11/16/21		(27,522	)
USD	157,223	SEK	1,351,755	Citibank NA		12/29/21		(331	)
USD	2,811,009	SEK	24,612,841	HSBC Bank		12/29/21		(57,748	)
USD	10,576,368	GBP	7,766,559	Australia & New Zealand Banking Group Ltd.		01/04/22		(56,290	)
USD	5,096,818	AUD	6,974,500	HSBC Bank		01/06/22		(151,024	)
USD	5,805,964	CHF	5,357,395	HSBC Bank		01/10/22		(58,029	)
USD	720,747	ILS	2,285,364	Morgan Stanley and Co. International		01/27/22		(2,174	)
Total (Depreciation)							$	(388,996	)
Total Appreciation (Depreciation)							$	347,377

As of October 31, 2021, Selectively Hedged Global Equity Portfolio had entered into the following outstanding futures contracts:

									Unrealized
	Number of		Expiration		Notional		Market		Appreciation
Description	Contracts		Date		Value		Value		(Depreciation)
Long Position Contracts:
S&P 500® Emini Index		19		12/17/21	$	4,265,025	$	4,367,150	$	102,125
Total Futures Contracts					$	4,265,025	$	4,367,150	$	102,125

78

SELECTIVELY HEDGED GLOBAL EQUITY PORTFOLIO

CONTINUED

Summary of the Portfolio’s investments as of October 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	$	343,954,600		—		—	$	343,954,600
Forward Currency Contracts**		—	$	347,377		—		347,377
Futures Contracts**		102,125		—		—		102,125
TOTAL	$	344,056,725	$	347,377		—	$	344,404,102

** Valued at the unrealized appreciation/(depreciation) on the investment.

See accompanying Notes to Financial Statements.

79

EMERGING MARKETS PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The Emerging Markets Series of The DFA Investment Trust Company	$	6,228,860,498
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	6,228,860,498

Summary of the Portfolio’s Master Fund’s investments as of October 31, 2021, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

80

EMERGING MARKETS SMALL CAP PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The Emerging Markets Small Cap Series of The DFA Investment Trust Company	$	5,116,706,982
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	5,116,706,982

Summary of the Portfolio’s Master Fund’s investments as of October 31, 2021, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

81

EMERGING MARKETS VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in Dimensional Emerging Markets Value Fund	$	13,194,407,897
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	13,194,407,897

Summary of the Portfolio’s Master Fund’s investments as of October 31, 2021, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

82

EMERGING MARKETS CORE EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (97.3%)
BRAZIL — (3.2%)
	Petroleo Brasileiro SA		16,003,488	$	78,460,703		0.3	%
	Vale SA		15,469,805		196,284,906		0.7	%
	Other Securities				672,451,903		2.2	%
TOTAL BRAZIL					947,197,512		3.2	%
CHILE — (0.4%)
	Other Securities				127,309,381		0.4	%
CHINA — (30.7%)
*	Alibaba Group Holding Ltd.		7,662,500		157,561,366		0.6	%
*	Alibaba Group Holding Ltd., Sponsored ADR		2,528,930		417,121,714		1.5	%
	ANTA Sports Products Ltd.		4,074,000		63,121,416		0.2	%
*	Baidu, Inc., Sponsored ADR		559,862		90,832,011		0.3	%
	Bank of China Ltd., Class H		204,333,702		72,314,014		0.3	%
	BYD Co. Ltd., Class H		3,071,300		117,469,796		0.4	%
	China Construction Bank Corp., Class H		375,913,302		255,839,332		0.9	%
	China Merchants Bank Co. Ltd., Class H		19,175,646		160,694,568		0.6	%
	China Petroleum & Chemical Corp., Class H		144,228,400		70,272,792		0.3	%
	Geely Automobile Holdings Ltd.		29,475,000		102,297,101		0.4	%
#	Great Wall Motor Co. Ltd., Class H		15,115,250		68,011,736		0.3	%
	Industrial & Commercial Bank of China Ltd., Class H		265,967,725		145,793,419		0.5	%
*	JD.com, Inc., ADR		933,460		73,071,249		0.3	%
#	Lenovo Group Ltd.		63,424,000		68,876,434		0.3	%
	Li Ning Co. Ltd.		7,957,583		87,812,377		0.3	%
*W	Meituan, Class B		2,761,100		93,956,395		0.3	%
	NetEase, Inc., ADR		1,143,858		111,629,102		0.4	%
*	NIO, Inc., ADR		1,820,873		71,760,605		0.3	%
	PetroChina Co. Ltd., Class H		142,684,000		68,794,722		0.3	%
	Ping An Insurance Group Co. of China Ltd., Class H		30,207,000		216,364,567		0.8	%
	Sunny Optical Technology Group Co. Ltd.		2,316,400		62,156,979		0.2	%
	Tencent Holdings Ltd.		16,149,900		982,395,071		3.4	%
*W	Xiaomi Corp., Class B		25,612,600		70,013,439		0.3	%
	Yum China Holdings, Inc.		1,340,150		76,495,762		0.3	%
	Other Securities				5,378,529,482		17.7	%
TOTAL CHINA					9,083,185,449		31.2	%
COLOMBIA — (0.2%)
	Other Securities				47,310,651		0.2	%
CZECH REPUBLIC — (0.1%)
	Other Securities				32,595,311		0.1	%
EGYPT — (0.0%)
	Other Securities				15,832,090		0.1	%
GREECE — (0.2%)
	Other Securities				63,285,471		0.2	%
HONG KONG — (0.2%)
	Other Securities				47,921,347		0.2	%

83

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
HUNGARY — (0.2%)
	Other Securities			$	73,889,087		0.2	%
INDIA — (13.6%)
	HCL Technologies Ltd.		4,015,915		61,559,527		0.2	%
	HDFC Bank Ltd.		5,989,118		127,277,274		0.5	%
	Housing Development Finance Corp. Ltd.		2,600,724		99,045,387		0.4	%
	ICICI Bank Ltd., Sponsored ADR		3,949,896		83,540,300		0.3	%
	Infosys Ltd.		7,880,895		176,708,768		0.6	%
	Infosys Ltd., Sponsored ADR		4,067,156		90,616,236		0.3	%
	Reliance Industries Ltd.		8,205,897		278,880,128		1.0	%
	Tata Consultancy Services Ltd.		2,369,939		107,922,513		0.4	%
	Other Securities				2,980,329,039		10.0	%
TOTAL INDIA					4,005,879,172		13.7	%
INDONESIA — (1.7%)
	Bank Central Asia Tbk PT		112,444,000		59,457,835		0.2	%
	Other Securities				438,804,458		1.5	%
TOTAL INDONESIA					498,262,293		1.7	%
MALAYSIA — (1.6%)
	Other Securities				473,866,456		1.6	%
MEXICO — (2.2%)
	America Movil SAB de CV, Sponsored ADR, Class L		3,763,327		66,911,954		0.2	%
#	Grupo Mexico SAB de CV, Class B		14,035,878		61,507,524		0.2	%
	Other Securities				512,945,325		1.8	%
TOTAL MEXICO					641,364,803		2.2	%
NETHERLANDS — (0.1%)
	Other Security				17,726,005		0.1	%
PERU — (0.1%)
	Other Securities				22,712,384		0.1	%
PHILIPPINES — (0.8%)
	Other Securities				239,469,348		0.8	%
POLAND — (0.9%)
	Other Securities				262,412,729		0.9	%
QATAR — (0.4%)
	Other Securities				116,866,510		0.4	%
RUSSIA — (1.1%)
	Lukoil PJSC, Sponsored ADR		635,884		64,816,193		0.2	%
	Sberbank of Russia PJSC, Sponsored ADR		3,020,548		60,577,132		0.2	%
	Other Securities				197,113,128		0.7	%
TOTAL RUSSIA					322,506,453		1.1	%
SAUDI ARABIA — (3.0%)
	Al Rajhi Bank		2,676,919		99,028,345		0.4	%

84

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
SAUDI ARABIA — (Continued)
	Other Securities			$	796,982,344		2.7	%
TOTAL SAUDI ARABIA					896,010,689		3.1	%
SOUTH AFRICA — (3.9%)
*	MTN Group Ltd.		12,072,408		108,254,825		0.4	%
	Other Securities				1,049,667,231		3.6	%
TOTAL SOUTH AFRICA					1,157,922,056		4.0	%
SOUTH KOREA — (13.7%)
	LG Chem Ltd.		114,526		82,178,689		0.3	%
	LG Electronics, Inc.		633,563		65,544,546		0.2	%
	Samsung Electronics Co. Ltd.		17,111,392		1,024,512,331		3.5	%
	SK Hynix, Inc.		1,965,870		173,292,552		0.6	%
	Other Securities				2,695,542,105		9.3	%
TOTAL SOUTH KOREA					4,041,070,223		13.9	%
TAIWAN — (16.0%)
	Hon Hai Precision Industry Co. Ltd.		22,635,403		87,380,306		0.3	%
	MediaTek, Inc.		2,798,823		92,116,776		0.3	%
	Taiwan Semiconductor Manufacturing Co. Ltd.		41,439,652		879,361,426		3.0	%
	Taiwan Semiconductor Manufacturing Co. Ltd., Sponsored ADR		3,788,624		430,766,549		1.5	%
	Other Securities				3,227,131,145		11.1	%
TOTAL TAIWAN					4,716,756,202		16.2	%
THAILAND — (2.0%)
	Other Securities				603,577,687		2.1	%
TURKEY — (0.4%)
	Other Securities				132,234,912		0.4	%
UNITED ARAB EMIRATES — (0.6%)
	Other Securities				166,250,278		0.6	%
UNITED KINGDOM — (0.0%)
	Other Security				1,063,633		0.0	%
UNITED STATES — (0.0%)
	Other Security				6,426,925		0.0	%
TOTAL COMMON STOCKS					28,760,905,057		98.7	%
PREFERRED STOCKS — (0.9%)
BRAZIL — (0.9%)
	Petroleo Brasileiro SA		22,001,222		106,228,658		0.4	%
	Other Securities				140,970,851		0.5	%
TOTAL BRAZIL					247,199,509		0.9	%
CHILE — (0.0%)
	Other Securities				2,680,141		0.0	%

85

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
COLOMBIA — (0.0%)
	Other Securities			$	10,245,894		0.0	%
PHILIPPINES — (0.0%)
	Other Security				1,037,601		0.0	%
SOUTH KOREA — (0.0%)
	Other Securities				631,698		0.0	%
THAILAND — (0.0%)
	Other Security				990,448		0.0	%
TOTAL PREFERRED STOCKS					262,785,291		0.9	%
RIGHTS/WARRANTS — (0.0%)
INDIA — (0.0%)
	Other Securities				6,071		0.0	%
INDONESIA — (0.0%)
	Other Security				12,246		0.0	%
SOUTH KOREA — (0.0%)
	Other Securities				31,054		0.0	%
TAIWAN — (0.0%)
	Other Securities				48,707		0.0	%
THAILAND — (0.0%)
	Other Securities				1,519,834		0.0	%
TOTAL RIGHTS/WARRANTS					1,617,912		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $19,747,315,249)					29,025,308,260
				Value†
SECURITIES LENDING COLLATERAL — (1.8%)
@§	The DFA Short Term Investment Fund		45,348,297		524,679,798		1.8	%
TOTAL INVESTMENTS—(100.0%) (Cost $20,271,918,513)				$	29,549,988,058		101.4	%

As of October 31, 2021, Emerging Markets Core Equity 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		954		12/17/21	$	211,221,711	$	219,276,900	$	8,055,189
Total Futures Contracts					$	211,221,711	$	219,276,900	$	8,055,189

86

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED

Summary of the Portfolio’s investments as of October 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
Brazil	$	947,197,512		—		—		$	947,197,512
Chile		36,082,220	$	91,227,161		—			127,309,381
China		1,184,682,150		7,858,395,835	$	40,107,464			9,083,185,449
Colombia		47,310,651		—		—			47,310,651
Czech Republic		—		32,595,311		—			32,595,311
Egypt		145,411		15,686,679		—			15,832,090
Greece		—		63,122,281		163,190			63,285,471
Hong Kong		8,975,910		38,713,664		231,773			47,921,347
Hungary		—		73,889,087		—			73,889,087
India		191,856,639		3,814,001,078		21,455			4,005,879,172
Indonesia		17,328,641		479,259,643		1,674,009			498,262,293
Malaysia		—		473,866,285		171			473,866,456
Mexico		638,275,178		3,067,747		21,878			641,364,803
Netherlands		—		17,726,005		—			17,726,005
Peru		22,702,879		9,505		—			22,712,384
Philippines		4,858,542		234,610,013		793			239,469,348
Poland		—		262,412,729		—			262,412,729
Qatar		—		116,866,510		—			116,866,510
Russia		26,384,415		296,122,038		—			322,506,453
Saudi Arabia		1,705,833		894,304,856		—			896,010,689
South Africa		146,449,939		1,011,472,117		—			1,157,922,056
South Korea		66,853,722		3,973,125,838		1,090,663			4,041,070,223
Taiwan		443,781,892		4,272,626,468		347,842			4,716,756,202
Thailand		603,577,687		—		—			603,577,687
Turkey		476,082		131,758,830		—			132,234,912
United Arab Emirates		—		166,201,301		48,977			166,250,278
United Kingdom		—		1,063,633		—			1,063,633
United States		6,426,925		—		—			6,426,925
Preferred Stocks
Brazil		247,134,443		65,066		—			247,199,509
Chile		—		2,680,141		—			2,680,141
Colombia		10,245,894		—		—			10,245,894
Philippines		—		1,037,601		—			1,037,601
South Korea		—		631,698		—			631,698
Thailand		990,448		—		—			990,448
Rights/Warrants
India		—		6,071		—			6,071
Indonesia		—		12,246		—			12,246
South Korea		—		31,054		—			31,054
Taiwan		—		48,707		—			48,707
Thailand		—		1,519,834		—			1,519,834
Securities Lending Collateral		—		524,679,798		—			524,679,798
Futures Contracts**		8,055,189		—		—			8,055,189
TOTAL	$	4,661,498,202	$	24,852,836,830	$	43,708,215	^	$	29,558,043,247

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

87

EMERGING MARKETS TARGETED VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (98.0%)
BRAZIL — (2.4%)
	Other Securities			$	5,693,992		2.4	%
CHILE — (0.3%)
	Other Securities				680,494		0.3	%
CHINA — (25.2%)
	China Conch Venture Holdings Ltd.		201,500		979,158		0.4	%
	China Gas Holdings Ltd.		390,000		973,448		0.4	%
	China National Building Material Co. Ltd., Class H		900,000		1,127,964		0.5	%
	China Resources Gas Group Ltd.		130,000		697,754		0.3	%
	Fosun International Ltd.		530,500		621,543		0.3	%
	Kingboard Holdings Ltd.		150,500		655,850		0.3	%
	Kunlun Energy Co. Ltd.		730,000		664,869		0.3	%
	PICC Property & Casualty Co. Ltd., Class H		1,102,000		1,025,902		0.5	%
	Sunac China Holdings Ltd.		398,000		851,133		0.4	%
*	Tencent Music Entertainment Group, ADR		87,413		687,066		0.3	%
*	Trip.com Group Ltd., ADR		35,214		1,005,712		0.4	%
*	Vipshop Holdings Ltd., ADR		58,456		652,369		0.3	%
	Wharf Holdings Ltd.		231,000		803,134		0.4	%
	Other Securities				48,925,303		20.6	%
TOTAL CHINA					59,671,205		25.4	%
COLOMBIA — (0.1%)
	Other Securities				270,047		0.1	%
GREECE — (0.3%)
	Other Securities				765,948		0.3	%
HONG KONG — (0.3%)
	Other Securities				693,395		0.3	%
INDIA — (15.1%)
	Adani Enterprises Ltd.		31,994		609,262		0.3	%
*	Adani Transmission Ltd.		32,300		770,635		0.3	%
	Cipla Ltd.		50,763		617,870		0.3	%
	IndusInd Bank Ltd.		50,201		769,331		0.3	%
	Tata Consumer Products Ltd.		82,391		895,635		0.4	%
*	Tata Motors Ltd.		152,580		983,071		0.4	%
	Tata Steel Ltd.		85,210		1,504,263		0.7	%
	UPL Ltd.		75,705		755,897		0.3	%
	Other Securities				28,693,377		12.1	%
TOTAL INDIA					35,599,341		15.1	%
INDONESIA — (1.9%)
	Other Securities				4,393,850		1.9	%
MALAYSIA — (1.8%)
	Other Securities				4,248,060		1.8	%
MEXICO — (2.0%)
	Grupo Televisa SAB		384,935		778,919		0.3	%

88

EMERGING MARKETS TARGETED VALUE PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
MEXICO — (Continued)
	Other Securities			$	3,840,109		1.7	%
TOTAL MEXICO					4,619,028		2.0	%
PHILIPPINES — (0.6%)
	Other Securities				1,443,052		0.6	%
POLAND — (1.3%)
	Other Securities				3,074,860		1.3	%
QATAR — (0.8%)
	Other Securities				1,892,996		0.8	%
RUSSIA — (0.8%)
	Tatneft PJSC, Sponsored ADR		13,583		619,589		0.3	%
	Other Securities				1,199,307		0.5	%
TOTAL RUSSIA					1,818,896		0.8	%
SAUDI ARABIA — (3.3%)
*	Bank AlBilad		57,250		644,845		0.3	%
	Sahara International Petrochemical Co.		64,085		752,557		0.3	%
*	Saudi Kayan Petrochemical Co.		131,174		714,071		0.3	%
	Other Securities				5,805,131		2.5	%
TOTAL SAUDI ARABIA					7,916,604		3.4	%
SOUTH AFRICA — (3.7%)
	Aspen Pharmacare Holdings Ltd.		54,209		861,200		0.4	%
	Nedbank Group Ltd.		54,959		626,260		0.3	%
	Old Mutual Ltd.		654,522		668,597		0.3	%
	Other Securities				6,654,516		2.7	%
TOTAL SOUTH AFRICA					8,810,573		3.7	%
SOUTH KOREA — (16.7%)
	E-MART, Inc.		4,144		596,537		0.3	%
	Hankook Tire & Technology Co. Ltd.		16,838		596,593		0.3	%
*	Hanwha Solutions Corp.		20,018		702,287		0.3	%
*	Korean Air Lines Co. Ltd.		23,980		625,217		0.3	%
	Samsung Fire & Marine Insurance Co. Ltd.		3,347		663,451		0.3	%
*	Samsung Heavy Industries Co. Ltd.		122,648		670,248		0.3	%
	Woori Financial Group, Inc.		94,919		1,079,053		0.5	%
	Other Securities				34,609,901		14.5	%
TOTAL SOUTH KOREA					39,543,287		16.8	%
TAIWAN — (17.8%)
#	AU Optronics Corp.		1,126,000		773,813		0.3	%
	China Development Financial Holding Corp.		1,938,000		990,567		0.4	%
	Compal Electronics, Inc.		862,000		758,611		0.3	%
#	Innolux Corp.		1,286,000		773,569		0.3	%
	Lite-On Technology Corp.		399,000		880,505		0.4	%
	Pegatron Corp.		253,000		619,354		0.3	%
	Pou Chen Corp.		489,000		599,718		0.3	%
	Shanghai Commercial & Savings Bank Ltd.		389,000		616,045		0.3	%
#	Shin Kong Financial Holding Co. Ltd.		1,923,698		677,981		0.3	%

89

EMERGING MARKETS TARGETED VALUE PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
TAIWAN — (Continued)
	SinoPac Financial Holdings Co. Ltd.		1,542,000	$	785,321		0.3	%
	Taishin Financial Holding Co. Ltd.		1,583,166		1,039,341		0.5	%
	Wistron Corp.		567,000		595,889		0.3	%
	Other Securities				33,098,981		14.0	%
TOTAL TAIWAN					42,209,695		18.0	%
THAILAND — (2.1%)
	Other Securities				4,901,616		2.1	%
TURKEY — (0.6%)
	Other Se curities				1,351,815		0.6	%
UNITED ARAB EMIRATES — (0.9%)
	Emaar Properties PJSC		564,538		618,017		0.3	%
	Other Securities				1,418,721		0.6	%
TOTAL UNITED ARAB EMIRATES					2,036,738		0.9	%
TOTAL COMMON STOCKS					231,635,492		98.6	%
PREFERRED STOCKS — (0.7%)
BRAZIL — (0.6%)
	Gerdau SA		158,000		753,074		0.3	%
	Other Securities				686,500		0.3	%
TOTAL BRAZIL					1,439,574		0.6	%
COLOMBIA — (0.0%)
	Other Security				73,569		0.0	%
PHILIPPINES — (0.0%)
	Other Security				18,457		0.0	%
SOUTH KOREA — (0.0%)
	Other Security				31,128		0.0	%
THAILAND — (0.1%)
	Other Security				108,296		0.1	%
TOTAL PREFERRED STOCKS					1,671,024		0.7	%
RIGHTS/WARRANTS — (0.0%)
SOUTH KOREA — (0.0%)
	Other Security				343		0.0	%
TAIWAN — (0.0%)
	Other Securities				589		0.0	%
THAILAND — (0.0%)
	Other Securities				52,590		0.0	%
TOTAL RIGHTS/WARRANTS					53,522		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $185,842,031)					233,360,038

90

EMERGING MARKETS TARGETED VALUE PORTFOLIO

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
SECURITIES LENDING COLLATERAL — (1.3%)
@§	The DFA Short Term Investment Fund		265,309	$	3,069,622		1.3	%
TOTAL INVESTMENTS—(100.0%) (Cost $188,911,449)				$	236,429,660		100.6	%

As of October 31, 2021, Emerging Markets Targeted Value 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		7		12/17/21	$	1,555,098	$	1,608,950	$	53,852
Total Futures Contracts					$	1,555,098	$	1,608,950	$	53,852

Summary of the Portfolio’s investments as of October 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
Brazil	$	5,693,992		—		—	$	5,693,992
Chile		—	$	680,494		—		680,494
China		4,693,278		54,051,577	$	926,350		59,671,205
Colombia		270,047		—		—		270,047
Greece		—		765,948		—		765,948
Hong Kong		152,642		540,753		—		693,395
India		66,956		35,532,385		—		35,599,341
Indonesia		—		4,376,392		17,458		4,393,850
Malaysia		—		4,248,060		—		4,248,060
Mexico		4,399,671		219,357		—		4,619,028
Philippines		—		1,443,052		—		1,443,052
Poland		—		3,074,860		—		3,074,860
Qatar		—		1,892,996		—		1,892,996
Russia		1,592,248		226,648		—		1,818,896
Saudi Arabia		12,592		7,904,012		—		7,916,604
South Africa		171,056		8,639,517		—		8,810,573
South Korea		—		39,535,609		7,678		39,543,287
Taiwan		—		42,205,746		3,949		42,209,695
Thailand		4,901,616		—		—		4,901,616
Turkey		—		1,351,815		—		1,351,815
United Arab Emirates		17,497		2,019,241		—		2,036,738
Preferred Stocks
Brazil		1,439,574		—		—		1,439,574
Colombia		73,569		—		—		73,569
Philippines		—		18,457		—		18,457
South Korea		—		31,128		—		31,128
Thailand		108,296		—		—		108,296
Rights/Warrants
South Korea		—		343		—		343
Taiwan		—		589		—		589
Thailand		—		52,590		—		52,590

91

EMERGING MARKETS TARGETED VALUE PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Securities Lending Collateral		—	$	3,069,622		—	$	3,069,622
Futures Contracts**	$	53,852		—		—		53,852
TOTAL	$	23,646,886	$	211,881,191	$	955,435^	$	236,483,512

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

92

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands, except share and per share amounts)

							International
	Large Cap		International		Global Small		Small
	International		Core Equity		Company		Company
	Portfolio*		Portfolio*		Portfolio		Portfolio
ASSETS:
Investments in Affiliated Investment Companies at Value		—		—	$	99,070	$	13,381,393
Investment Securities at Value (including $342,264, $1,784,215, $0 and $0 of securities on loan, respectively)	$	5,949,952	$	34,143,208		—		—
Temporary Cash Investments at Value & Cost		—		—		—		89,678
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $301,094, $1,594,847, $0 and $0, respectively)		301,125		1,595,008		—		—
Segregated Cash for Futures Contracts		2,634		14,973		—		4,324
Foreign Currencies at Value		35,275		283,418		—		—
Cash		18,300		74,182		70		—
Receivables:
Investment Securities Sold		6,947		30,873		—		—
Dividends, Interest and Tax Reclaims		20,875		116,268		—		2
Securities Lending Income		130		1,198		—		—
Fund Shares Sold		2,476		21,616		559		7,286
Futures Margin Variation		109		618		—		179
Unrealized Gain on Foreign Currency Contracts		8		—		—		—
Prepaid Expenses and Other Assets		30		184		11		436
Total Assets		6,337,861		36,281,546		99,710		13,483,298
LIABILITIES:
Payables:
Upon Return of Securities Loaned		301,155		1,595,091		—		—
Investment Securities Purchased		513		27,701		2		—
Fund Shares Redeemed		2,325		18,560		47		13,113
Due to Advisor		707		5,802		18		3,405
Unrealized Loss on Foreign Currency Contracts		1		22		—		—
Accrued Expenses and Other Liabilities		979		4,787		12		927
Total Liabilities		305,680		1,651,963		79		17,445
NET ASSETS	$	6,032,181	$	34,629,583	$	99,631	$	13,465,853
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $6,032,181; $34,629,583; $99,631 and $13,465,853 and shares outstanding of 218,311,626, 2,118,648,313, 6,419,115 and 578,162,359, respectively	$	27.63	$	16.35	$	15.52	$	23.29
NUMBER OF SHARES AUTHORIZED		1,500,000,000		7,000,000,000		100,000,000		3,000,000,000
Investments in Affiliated Investment Companies at Cost	$	—	$	—	$	78,886		N/A
Investment Securities at Cost	$	3,905,702	$	24,808,816		N/A		N/A
Foreign Currencies at Cost	$	34,595	$	279,476	$	—	$	—
NET ASSETS CONSIST OF:
Paid-In Capital	$	4,366,527	$	26,524,050	$	76,801	$	9,852,598
Total Distributable Earnings (Loss)		1,665,654		8,105,533		22,830		3,613,255
NET ASSETS	$	6,032,181	$	34,629,583	$	99,631	$	13,465,853

* See Note K in the Notes to Financial Statements for additional information about securities lending collateral.

See accompanying Notes to Financial Statements.

93

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands, except share and per share amounts)

			Asia Pacific		United		Continental
	Japanese Small		Small		Kingdom Small		Small
	Company		Company		Company		Company
	Portfolio		Portfolio		Portfolio		Portfolio
ASSETS:
Investments in Affiliated Investment Companies at Value	$	379,961	$	381,648	$	44,159	$	868,048
Receivables:
Fund Shares Sold		11		16		—		6
Prepaid Expenses and Other Assets		8		8		8		8
Total Assets		379,980		381,672		44,167		868,062
LIABILITIES:
Payables:
Fund Shares Redeemed		—		40		—		1
Due to Advisor		96		95		22		217
Accrued Expenses and Other Liabilities		47		47		12		85
Total Liabilities		143		182		34		303
NET ASSETS	$	379,837	$	381,490	$	44,133	$	867,759
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $379,837; $381,490; $44,133 and $867,759 and shares outstanding of 14,721,628, 14,162,754, 1,391,361 and 24,600,910, respectively	$	25.80	$	26.94	$	31.72	$	35.27
NUMBER OF SHARES AUTHORIZED		1,000,000,000		1,000,000,000		1,000,000,000		1,000,000,000
NET ASSETS CONSIST OF:
Paid-In Capital	$	290,278	$	294,720	$	38,037	$	613,892
Total Distributable Earnings (Loss)		89,559		86,770		6,096		253,867
NET ASSETS	$	379,837	$	381,490	$	44,133	$	867,759

See accompanying Notes to Financial Statements.

94

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands, except share and per share amounts)

	DFA
	International			DFA Global		DFA
	Real Estate			Real Estate		International		International
	Securities			Securities		Small Cap		Vector Equity
	Portfolio*			Portfolio*		Value Portfolio*		Portfolio*
ASSETS:
Investments in Affiliated Investment Companies at Value		—		$	4,506,316		—		—
Investment Securities at Value (including $310,687, $211,568, $437,113 and $181,628 of securities on loan, respectively)	$	5,897,243			6,022,099	$	12,602,305	$	3,674,695
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $310,518, $217,036, $383,544 and $142,967, respectively)		310,546			217,045		383,591		142,988
Segregated Cash for Futures Contracts		2,081			—		6,452		897
Foreign Currencies at Value		17,182			—		136,909		16,369
Cash		44,548			4,792		4,539		10,358
Receivables:
Investment Securities Sold		10,245			—		12,985		6,881
Dividends, Interest and Tax Reclaims		22,704			1,721		57,301		13,318
Securities Lending Income		265			8		347		183
Fund Shares Sold		884			7,352		4,118		1,111
Futures Margin Variation		86			—		812		37
Unrealized Gain on Foreign Currency Contracts		—			—		10		—
Prepaid Expenses and Other Assets		11			63		59		24
Total Assets		6,305,795			10,759,396		13,209,428		3,866,861
LIABILITIES:
Payables:
Upon Return of Securities Loaned		310,621			217,101		383,569		142,982
Investment Securities Purchased		4,511			—		30,876		4,505
Fund Shares Redeemed		1,173			3,450		3,217		853
Due to Advisor		1,201			513		4,849		1,094
Unrealized Loss on Foreign Currency Contracts		4			—		34		—
Accrued Expenses and Other Liabilities		821			746		2,172		637
Total Liabilities		318,331			221,810		424,717		150,071
NET ASSETS	$	5,987,464		$	10,537,586	$	12,784,711	$	3,716,790
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $5,987,464; $10,537,586; $12,784,711 and $3,716,790 and shares outstanding of 1,187,541,223, 792,605,237, 577,420,362 and 256,206,800, respectively	$	5.04		$	13.29	$	22.14	$	14.51
NUMBER OF SHARES AUTHORIZED		4,000,000,000			3,000,000,000		4,600,000,000		1,500,000,000
Investments in Affiliated Investment Companies at Cost	$	—		$	3,743,815	$	—	$	—
Investment Securities at Cost	$	5,055,210		$	4,243,147	$	10,248,354	$	2,695,410
Foreign Currencies at Cost	$	17,485		$	—	$	135,649	$	16,345
NET ASSETS CONSIST OF:
Paid-In Capital	$	6,063,665		$	7,974,123	$	10,333,896	$	2,665,068
Total Distributable Earnings (Loss)		(76,201	)		2,563,463		2,450,815		1,051,722
NET ASSETS	$	5,987,464		$	10,537,586	$	12,784,711	$	3,716,790

* See Note K in the Notes to Financial Statements for additional information about securities lending collateral.

See accompanying Notes to Financial Statements.

95

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands, except share and per share amounts)

	International
	High Relative				World ex U.S.
	Profitability		World ex U.S.		Core Equity
	Portfolio*		Value Portfolio		Portfolio*
ASSETS:
Investments in Affiliated Investment Companies at Value		—	$	308,536		—
Investment Securities at Value (including $102,860, $0 and $199,817 of securities on loan, respectively)	$	2,173,960		—	$	4,039,571
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $96,291, $0 and $144,530, respectively)		96,296		—		144,554
Segregated Cash for Futures Contracts		—		—		1,817
Foreign Currencies at Value		2,016		—		39,827
Cash		8,287		213		3,684
Receivables:
Investment Securities Sold		—		—		2,665
Dividends, Interest and Tax Reclaims		5,172		—		11,097
Securities Lending Income		29		—		259
Fund Shares Sold		2,938		35		1,607
Futures Margin Variation		288		—		75
Prepaid Expenses and Other Assets		21		17		20
Total Assets		2,289,007		308,801		4,245,176
LIABILITIES:
Payables:
Upon Return of Securities Loaned		96,300		—		144,566
Investment Securities Purchased		7,603		—		135
Fund Shares Redeemed		615		51		2,409
Due to Advisor		453		47		863
Unrealized Loss on Foreign Currency Contracts		8		—		—
Deferred Taxes Payable		—		—		7,065
Accrued Expenses and Other Liabilities		304		37		972
Total Liabilities		105,283		135		156,010
NET ASSETS	$	2,183,724	$	308,666	$	4,089,166
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $2,183,724; $308,666 and $4,089,166 and shares outstanding of 159,050,400, 24,367,707 and 295,469,031, respectively	$	13.73	$	12.67	$	13.84
NUMBER OF SHARES AUTHORIZED		500,000,000		1,000,000,000		1,500,000,000
Investments in Affiliated Investment Companies at Cost	$	—	$	259,829	$	—
Investment Securities at Cost	$	1,682,824		N/A	$	3,030,242
Foreign Currencies at Cost	$	2,017	$	—	$	39,385
NET ASSETS CONSIST OF:
Paid-In Capital	$	1,672,659	$	269,354	$	3,187,770
Total Distributable Earnings (Loss)		511,065		39,312		901,396
NET ASSETS	$	2,183,724	$	308,666	$	4,089,166

* See Note K in the Notes to Financial Statements for additional information about securities lending collateral.

See accompanying Notes to Financial Statements.

96

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands, except share and per share amounts)

			Selectively
	World Core		Hedged Global		Emerging		Emerging
	Equity		Equity		Markets		Markets Small
	Portfolio		Portfolio		Portfolio		Cap Portfolio
ASSETS:
Investments in Affiliated Investment Companies at Value	$	1,089,751	$	343,955	$	6,228,860	$	5,116,707
Segregated Cash for Futures Contracts		—		218		—		—
Cash		—		4,196		—		—
Receivables:
Investment Securities/Affiliated Investment Companies Sold		368		—		—		—
Fund Shares Sold		157		55		2,023		3,291
Futures Margin Variation		—		9		—		—
Unrealized Gain on Forward Currency Contracts		—		736		—		—
Prepaid Expenses and Other Assets		7		16		41		27
Total Assets		1,090,283		349,185		6,230,924		5,120,025
LIABILITIES:
Payables:
Fund Shares Redeemed		1,334		36		4,275		2,148
Due to Advisor		28		12		1,017		1,419
Line of Credit		142		—		—		—
Unrealized Loss on Forward Currency Contracts		—		389		—		—
Accrued Expenses and Other Liabilities		65		41		445		534
Total Liabilities		1,569		478		5,737		4,101
NET ASSETS	$	1,088,714	$	348,707	$	6,225,187	$	5,115,924
NET ASSET VALUE, OFFERING AND REDEMPTION
PRICE PER SHARE:
Institutional Class Shares — based on net assets of $1,088,714; $348,707; $6,225,187 and $5,115,924 and shares outstanding of 48,268,788, 15,601,153, 188,337,679 and 196,539,681, respectively	$	22.56	$	22.35	$	33.05	$	26.03
NUMBER OF SHARES AUTHORIZED		1,000,000,000		1,000,000,000		1,500,000,000		1,500,000,000
Investments in Affiliated Investment Companies at Cost	$	682,662	$	190,774		N/A		N/A
NET ASSETS CONSIST OF:
Paid-In Capital	$	695,365	$	180,810	$	3,544,746	$	3,846,582
Total Distributable Earnings (Loss)		393,349		167,897		2,680,441		1,269,342
NET ASSETS	$	1,088,714	$	348,707	$	6,225,187	$	5,115,924

See accompanying Notes to Financial Statements.

97

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands, except share and per share amounts)

			Emerging
	Emerging		Markets Core		Emerging
	Markets Value		Equity		Markets Targeted
	Portfolio		Portfolio*		Value Portfolio*
ASSETS:
Investments in Affiliated Investment Companies at Value	$	13,194,408		—		—
Investment Securities at Value (including $0, $1,647,460 and $9,396 of securities on loan, respectively)		—	$	29,025,308	$	233,360
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $0, $524,603 and $3,069, respectively)		—		524,680		3,070
Segregated Cash for Futures Contracts		—		10,971		81
Foreign Currencies at Value		—		183,033		1,076
Cash		—		95,121		1,955
Receivables:
Investment Securities/Affiliated Investment Companies Sold		—		11,615		537
Dividends and Interest		—		31,502		202
Securities Lending Income		—		4,030		33
Fund Shares Sold		84,657		15,300		140
Futures Margin Variation		—		453		—
Unrealized Gain on Foreign Currency Contracts		—		2		1
Prepaid Expenses and Other Assets		107		128		21
Total Assets		13,279,172		29,902,143		240,476
LIABILITIES:
Payables:
Upon Return of Securities Loaned		—		524,700		3,070
Investment Securities/Affiliated Investment Companies Purchased		—		15,765		593
Fund Shares Redeemed		2,706		21,531		78
Due to Advisor		3,540		8,230		104
Futures Margin Variation		—		—		13
Deferred Taxes Payable		—		169,435		1,566
Accrued Expenses and Other Liabilities		1,216		7,113		131
Total Liabilities		7,462		746,774		5,555
NET ASSETS	$	13,271,710	$	29,155,369	$	234,921
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Class R2 Shares — based on net assets of $13,709; $0 and $0 and shares outstanding of 438,273, 0 and 0, respectively	$	31.28		N/A		N/A
NUMBER OF SHARES AUTHORIZED		200,000,000		N/A		N/A
Institutional Class Shares — based on net assets of $13,258,001; $29,155,369 and $234,921 and shares outstanding of 421,137,868, 1,158,977,701 and 17,895,390, respectively	$	31.48	$	25.16	$	13.13
NUMBER OF SHARES AUTHORIZED		3,000,000,000		5,000,000,000		500,000,000
Investment Securities at Cost		N/A	$	19,747,315	$	185,842
Foreign Currencies at Cost	$	—	$	178,854	$	1,000
NET ASSETS CONSIST OF:
Paid-In Capital	$	12,155,659	$	22,212,258	$	170,520
Total Distributable Earnings (Loss)		1,116,051		6,943,111		64,401
NET ASSETS	$	13,271,710	$	29,155,369	$	234,921

* See Note K in the Notes to Financial Statements for additional information about securities lending collateral.

See accompanying Notes to Financial Statements.

98

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

										International
	Large Cap			International			Global Small			Small
	International			Core Equity			Company			Company
	Portfolio#			Portfolio#			Portfolio*			Portfolio*
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies
Dividends (Net of Foreign Taxes Withheld of $0, $0, $90 and $29,819, respectively)		—			—		$	826		$	284,123
Income from Securities Lending		—			—			61			13,194
Expenses Allocated from Affiliated Investment Companies		—			—			(55	)		(15,068	)
Income Distributions Received from Affiliated Investment Companies		—			—			505			—
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		—			—			1,337			282,249
Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $14,631, $80,927, $0 and $0, respectively)	$	161,747		$	889,766			—			—
Income from Securities Lending		1,923			18,444			—			—
Total Fund Investment Income		163,670			908,210			—			—
Fund Expenses
Investment Management Fees		8,782			68,526			320			40,800
Accounting & Transfer Agent Fees		1,031			6,043			8			1,690
Custodian Fees		402			2,378			—			2
Filing Fees		144			762			18			212
Shareholders’ Reports		167			534			9			354
Directors’/Trustees’ Fees & Expenses		63			347			—			137
Professional Fees		103			573			—			38
Previously Waived Fees Recovered by Advisor (Note C)		—			183			31			—
Other		189			1,031			—			101
Total Fund Expenses		10,881			80,377			386			43,334
Fees Waived, Expenses Reimbursed by Advisor (Note C)		—			—			221			—
Fees Paid Indirectly (Note C)		15			245			—			—
Net Expenses		10,866			80,132			165			43,334
Net Investment Income (Loss)		152,804			828,078			1,172			238,915
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		88,328			210,041			—			—
Affiliated Investment Companies Shares Sold		(10	)		(21	)		336			—
Transactions Allocated from Affiliated Investment Company**		—			—			2,035			837,220
Futures		14,606			79,338			35			26,350
Foreign Currency Transactions		515			769			—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		1,375,966			8,427,366			—			—
Affiliated Investment Companies Shares		(9	)		(71	)		14,525			—
Transactions Allocated from Affiliated Investment Company		—			—			5,844			2,927,439
Futures		2,380			10,863			—			3,416
Translation of Foreign Currency-Denominated Amounts		(315	)		(1,813	)		—			—
Net Realized and Unrealized Gain (Loss)		1,481,461			8,726,472			22,775			3,794,425
Net Increase (Decrease) in Net Assets Resulting from Operations	$	1,634,265		$	9,554,550		$	23,947		$	4,033,340

** Net of foreign capital gain taxes withheld of $0, $0, $5 and $0, respectively.

* Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

99

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

				Asia Pacific			United			Continental
	Japanese Small			Small			Kingdom Small			Small
	Company			Company			Company			Company
	Portfolio*			Portfolio*			Portfolio*			Portfolio*
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies
Dividends (Net of Foreign Taxes Withheld of $1,105, $166, $10 and $2,693, respectively)	$	9,959		$	14,311		$	856		$	16,238
Income from Securities Lending		294			858			7			890
Expenses Allocated from Affiliated Investment Companies		(583	)		(533	)		(40	)		(941	)
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		9,670			14,636			823			16,187
Fund Expenses
Investment Management Fees		2,007			1,843			145			3,230
Accounting & Transfer Agent Fees		81			83			1			152
Filing Fees		27			28			12			40
Shareholders’ Reports		9			8			3			9
Directors’/Trustees’ Fees & Expenses		5			6			—			8
Professional Fees		1			2			—			2
Previously Waived Fees Recovered by Advisor (Note C)		—			—			57			—
Other		3			2			1			9
Total Fund Expenses		2,133			1,972			219			3,450
Fees Waived, Expenses Reimbursed by Advisor (Note C)		473			436			54			769
Net Expenses		1,660			1,536			165			2,681
Net Investment Income (Loss)		8,010			13,100			658			13,506
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Transactions Allocated from Affiliated Investment Company**		17,921			49,285			1,117			44,052
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		31,604			75,175			7,530			216,160
Net Realized and Unrealized Gain (Loss)		49,525			124,460			8,647			260,212
Net Increase (Decrease) in Net Assets Resulting from Operations	$	57,535		$	137,560		$	9,305		$	273,718

** Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively.

* Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

See accompanying Notes to Financial Statements.

100

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

	DFA International Real Estate Securities Portfolio#			DFA Global Real Estate Securities Portfolio#		DFA International Small Cap Value Portfolio#			International Vector Equity Portfolio#
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies
Income Distributions Received from Affiliated Investment Companies		—		$	21,150		—			—
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		—			21,150		—			—
Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $24,220, $8, $30,819 and $9,168, respectively)	$	195,427			113,826	$	320,122		$	94,876
Income from Securities Lending		4,635			1,499		7,328			2,437
Total Fund Investment Income		200,062			115,325		327,450			97,313
Fund Expenses
Investment Management Fees		13,522			18,667		60,881			13,086
Accounting & Transfer Agent Fees		682			1,647		2,185			753
Custodian Fees		449			31		1,300			344
Filing Fees		57			201		223			137
Shareholders’ Reports		96			351		296			98
Directors’/Trustees’ Fees & Expenses		60			99		132			38
Professional Fees		89			32		193			63
Previously Waived Fees Recovered by Advisor (Note C)		—			26		—			—
Other		124			97		397			120
Total Fund Expenses		15,079			21,151		65,607			14,639
Fees Waived, Expenses Reimbursed by Advisor (Note C)		—			9,038		—			—
Fees Paid Indirectly (Note C)		219			3		46			5
Net Expenses		14,860			12,110		65,561			14,634
Net Investment Income (Loss)		185,202			124,365		261,889			82,679
Realized and Unrealized Gain (Loss)
Capital Gain Distributions Received from Investment Securities		—			1,045		—			—
Net Realized Gain (Loss) on:
Investment Securities Sold**		(56,022	)		43,747		541,397			191,536
Affiliated Investment Companies Shares Sold		(43	)		60,992		(1	)		(7	)
Futures		13,260			1,671		26,234			(437	)
Foreign Currency Transactions		(485	)		—		1,071			49
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		1,378,475			1,755,986		3,392,048			860,557
Affiliated Investment Companies Shares		(2	)		1,097,358		(25	)		(8	)
Futures		3,086			—		9,695			826
Translation of Foreign Currency-Denominated Amounts		(414	)		—		(1,012	)		(279	)
Net Realized and Unrealized Gain (Loss)		1,337,855			2,960,799		3,969,407			1,052,237
Net Increase (Decrease) in Net Assets Resulting from Operations	$	1,523,057		$	3,085,164	$	4,231,296		$	1,134,916

** Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively.

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

101

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

	International High Relative Profitability Portfolio#			World ex U.S. Value Portfolio*			World ex U.S. Core Equity Portfolio#
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies
Dividends (Net of Foreign Taxes Withheld of $0, $1,009 and $0, respectively)		—		$	9,505			—
Income from Securities Lending		—			155			—
Expenses Allocated from Affiliated Investment Companies		—			(505	)		—
Income Distributions Received from Affiliated Investment Companies		—			549			—
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		—			9,704			—
Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $4,074, $0 and $11,197, respectively)	$	50,756			—		$	108,246
Income from Securities Lending		524			—			2,908
Total Fund Investment Income		51,280			—			111,154
Fund Expenses
Investment Management Fees		4,939			1,121			10,401
Accounting & Transfer Agent Fees		460			18			768
Custodian Fees		159			—			809
Filing Fees		130			29			157
Shareholders’ Reports		92			5			117
Directors’/Trustees’ Fees & Expenses		22			3			43
Professional Fees		29			4			148
Other		68			4			154
Total Fund Expenses		5,899			1,184			12,597
Fees Waived, Expenses Reimbursed by Advisor (Note C)		—			564			—
Fees Paid Indirectly (Note C)		11			—			9
Net Expenses		5,888			620			12,588
Net Investment Income (Loss)		45,392			9,084			98,566
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		43,197			—			21,498
Affiliated Investment Companies Shares Sold		(6	)		252			(2	)
Transactions Allocated from Affiliated Investment Company**		—			8,125			—
Futures		2,062			—			8,882
Foreign Currency Transactions		(81	)		—			(357	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		399,054			—			991,909
Affiliated Investment Companies Shares		(2	)		7,908			(6	)
Transactions Allocated from Affiliated Investment Company		—			68,735			—
Futures		145			—			1,632
Translation of Foreign Currency-Denominated Amounts		(61	)		—			(210	)
Net Realized and Unrealized Gain (Loss)		444,308			85,020			1,023,346
Net Increase (Decrease) in Net Assets Resulting from Operations	$	489,700		$	94,104		$	1,121,912

** Net of foreign capital gain taxes withheld of $0, $84 and $16, respectively.

* Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

102

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

	World Core Equity Portfolio			Selectively Hedged Global Equity Portfolio			Emerging Markets Portfolio*			Emerging Markets Small Cap Portfolio*
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies
Dividends (Net of Foreign Taxes Withheld of $0, $0, $19,835 and $14,911, respectively)		—		$	2		$	159,499		$	129,476
Interest		—			—			477			79
Income from Securities Lending		—			—			4,669			18,767
Expenses Allocated from Affiliated Investment Companies		—			—			(9,503	)		(14,427	)
Income Distributions Received from Affiliated Investment Companies	$	16,932			5,639			—			—
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		16,932			5,641			155,142			133,895
Fund Expenses
Investment Management Fees		2,333			854			20,224			29,660
Accounting & Transfer Agent Fees		143			65			752			654
Custodian Fees		1			3			—			—
Filing Fees		66			27			154			127
Shareholders’ Reports		13			12			191			107
Directors’/Trustees’ Fees & Expenses		11			4			73			61
Professional Fees		3			1			21			17
Previously Waived Fees Recovered by Advisor (Note C)		129			—			—			—
Other		7			3			36			30
Total Fund Expenses		2,706			969			21,451			30,656
Fees Waived, Expenses Reimbursed by Advisor (Note C)		2,035			722			6,401			10,859
Fees Paid Indirectly (Note C)		—			1			—			—
Net Expenses		671			246			15,050			19,797
Net Investment Income (Loss)		16,261			5,395			140,092			114,098
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Affiliated Investment Companies Shares Sold		10,552			15,611			—			—
Transactions Allocated from Affiliated Investment Company**		—			—			398,700			592,687
Futures		(18	)		1,247			—			—
Forward Currency Contracts		—			694			—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		—			(19	)		—			—
Affiliated Investment Companies Shares		283,947			88,688			—			—
Transactions Allocated from Affiliated Investment Company		—			—			691,616			923,652
Futures		—			196			—			—
Forward Currency Contracts		—			121			—			—
Net Realized and Unrealized Gain (Loss)		294,481			106,538			1,090,316			1,516,339
Net Increase (Decrease) in Net Assets Resulting from Operations	$	310,742		$	111,933		$	1,230,408		$	1,630,437

** Net of foreign capital gain taxes withheld of $0, $0, $49 and $2,304, respectively.

* Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

See accompanying Notes to Financial Statements.

103

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

	Emerging Markets Value Portfolio*			Emerging Markets Core Equity Portfolio#			Emerging Markets Targeted Value Portfolio#
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies
Dividends (Net of Foreign Taxes Withheld of $60,043, $0 and $0, respectively)	$	475,745			—			—
Interest		49			—			—
Income from Securities Lending		14,264			—			—
Expenses Allocated from Affiliated Investment Companies		(20,912	)		—			—
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		469,146			—			—
Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $0, $94,860 and $840, respectively)		—		$	758,089		$	6,549
Income from Securities Lending		—			36,836			227
Total Fund Investment Income		—			794,925			6,776
Fund Expenses
Investment Management Fees		60,987			106,295			1,293
Accounting & Transfer Agent Fees		1,274			5,232			41
Custodian Fees		—			9,238			128
Shareholder Servicing Fees Class R2 Shares		36			—			—
Filing Fees		179			458			47
Shareholders’ Reports		362			721			2
Directors’/Trustees’ Fees & Expenses		163			333			3
Professional Fees		16			710			17
Previously Waived Fees Recovered by Advisor (Note C)		—			—			135
Other		79			1,092			28
Total Fund Expenses		63,096			124,079			1,694
Class R2 Shares		15			—			—
Institutional Class Shares		14,397			—			—
Fees Paid Indirectly (Note C)		—			148			2
Net Expenses		48,684			123,931			1,692
Net Investment Income (Loss)		420,462			670,994			5,084
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		—			544,729			17,753
Affiliated Investment Companies Shares Sold		—			(14	)		—
Transactions Allocated from Affiliated Investment Company**		675,824			—			—
Futures		—			67,395			348
Foreign Currency Transactions		—			(15,240	)		(82	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		—			5,134,175			42,862
Affiliated Investment Companies Shares		—			(32	)		—
Transactions Allocated from Affiliated Investment Company		3,251,339			—			—
Futures		—			15,950			67
Translation of Foreign Currency-Denominated Amounts		—			100			2
Net Realized and Unrealized Gain (Loss)		3,927,163			5,747,063			60,950
Net Increase (Decrease) in Net Assets Resulting from Operations	$	4,347,625		$	6,418,057		$	66,034

** Net of foreign capital gain taxes withheld of $11,984, $257 and $239, respectively.

* Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

104

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	Large Cap International Portfolio						International Core Equity Portfolio						Global Small Company Portfolio***
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	152,804		$	117,936		$	828,078		$	608,730		$	1,172		$	616
Capital Gain Distributions Received from Investment Securities		—			—			—			—			—			535
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		88,328			(380,110	)		210,041			(1,030,907	)		—			—
Affiliated Investment Companies Shares Sold		(10	)		(71	)		(21	)		(170	)		336			(712	)
Transactions Allocated from Affiliated Investment Company*,**		—			—			—			—			2,035			(193	)
Futures		14,606			16,935			79,338			86,315			35			18
Foreign Currency Transactions		515			4,070			769			5,368			—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		1,375,966			(141,807	)		8,427,366			(1,938,314	)		—			9
Affiliated Investment Companies Shares		(9	)		27			(71	)		97			14,525			(202	)
Transactions Allocated from Affiliated Investment Company		—			—			—			—			5,844			(79	)
Futures		2,380			(1,346	)		10,863			(6,655	)		—			—
Translation of Foreign Currency-Denominated Amounts		(315	)		207			(1,813	)		640			—			—
Net Increase (Decrease) in Net Assets Resulting from Operations		1,634,265			(384,159	)		9,554,550			(2,274,896	)		23,947			(8	)
Distributions:
Institutional Class Shares		(144,492	)		(119,035	)		(761,635	)		(616,813	)		(727	)		(627	)
Capital Share Transactions (1):
Shares Issued		711,780			1,926,246			5,674,163			8,116,550			44,864			15,132
Shares Issued in Lieu of Cash Distributions		134,111			109,607			732,468			589,210			727			627
Shares Redeemed		(1,003,971	)		(2,188,646	)		(5,535,524	)		(11,407,917	)		(12,748	)		(12,842	)
Net Increase (Decrease) from Capital Share Transactions		(158,080	)		(152,793	)		871,107			(2,702,157	)		32,843			2,917
Total Increase (Decrease) in Net Assets		1,331,693			(655,987	)		9,664,022			(5,593,866	)		56,063			2,282
Net Assets
Beginning of Year		4,700,488			5,356,475			24,965,561			30,559,427			43,568			41,286
End of Year	$	6,032,181		$	4,700,488		$	34,629,583		$	24,965,561		$	99,631		$	43,568
(1) Shares Issued and Redeemed:
Shares Issued		26,957			94,221			365,542			716,205			3,098			1,667
Shares Issued in Lieu of Cash Distributions		5,054			5,201			47,003			47,443			58			54
Shares Redeemed		(38,575	)		(109,723	)		(359,922	)		(1,014,855	)		(886	)		(1,300	)
Net Increase (Decrease) from Shares Issued and Redeemed		(6,564	)		(10,301	)		52,623			(251,207	)		2,270			421

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0, $0 and $5, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0, $0 and $0, respectively.

*** Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

See accompanying Notes to Financial Statements.

105

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	International Small Company Portfolio***						Japanese Small Company Portfolio***						Asia Pacific Small Company Portfolio***
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	238,915		$	219,740		$	8,010		$	8,936		$	13,100		$	12,909
Net Realized Gain (Loss) on:
Transactions Allocated from Affiliated Investment Company*,**		837,220			(279,498	)		17,921			(2,944	)		49,285			(3,570	)
Futures		26,350			13,320			—			—			—			—
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		2,927,439			(573,955	)		31,604			(15,236	)		75,175			1,830
Futures		3,416			(2,575	)		—			—			—			—
Net Increase (Decrease) in Net Assets Resulting from Operations		4,033,340			(622,968	)		57,535			(9,244	)		137,560			11,169
Distributions:
Institutional Class Shares		(220,133	)		(529,962	)		(10,581	)		(23,243	)		(12,808	)		(14,178	)
Capital Share Transactions (1):
Shares Issued		2,604,837			2,566,857			19,129			67,280			13,533			71,668
Shares Issued in Lieu of Cash Distributions		214,868			511,580			10,580			23,242			12,805			14,174
Shares Redeemed		(3,315,191	)		(4,527,485	)		(163,522	)		(231,407	)		(148,282	)		(44,800	)
Net Increase (Decrease) from Capital Share Transactions		(495,486	)		(1,449,048	)		(133,813	)		(140,885	)		(121,944	)		41,042
Total Increase (Decrease) in Net Assets		3,317,721			(2,601,978	)		(86,859	)		(173,372	)		2,808			38,033
Net Assets
Beginning of Year		10,148,132			12,750,110			466,696			640,068			378,682			340,649
End of Year	$	13,465,853		$	10,148,132		$	379,837		$	466,696		$	381,490		$	378,682
(1) Shares Issued and Redeemed:
Shares Issued		116,406			166,813			736			3,412			520			4,296
Shares Issued in Lieu of Cash Distributions		10,453			27,715			418			928			559			681
Shares Redeemed		(151,391	)		(292,110	)		(6,381	)		(10,105	)		(5,727	)		(2,301	)
Net Increase (Decrease) from Shares Issued and Redeemed		(24,532	)		(97,582	)		(5,227	)		(5,765	)		(4,648	)		2,676

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0, $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0, $0 and $0, respectively.

*** Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

See accompanying Notes to Financial Statements.

106

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	United Kingdom Small Company Portfolio***						Continental Small Company Portfolio***						DFA International Real Estate Securities Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	658		$	377		$	13,506		$	9,756		$	185,202		$	190,031
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		—			—			—			—			(56,022	)		(107,519	)
Affiliated Investment Companies Shares Sold		—			—			—			—			(43	)		(33	)
Transactions Allocated from Affiliated Investment Company*,**		1,117			78			44,052			(23,161	)		—			—
Futures		—			—			—			—			13,260			21,374
Foreign Currency Transactions		—			—			—			—			(485	)		1,329
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		—			—			—			—			1,378,475			(1,553,230	)
Affiliated Investment Companies Shares		—			—			—			—			(2	)		14
Transactions Allocated from Affiliated Investment Company		7,530			(3,815	)		216,160			(31,479	)		—			—
Futures		—			—			—			—			3,086			(2,070	)
Translation of Foreign Currency-Denominated Amounts		—			—			—			—			(414	)		310
Net Increase (Decrease) in Net Assets Resulting from Operations		9,305			(3,360	)		273,718			(44,884	)		1,523,057			(1,449,794	)
Distributions:
Institutional Class Shares		(589	)		(2,447	)		(13,461	)		(8,902	)		—			(717,271	)
Capital Share Transactions (1):
Shares Issued		26,424			3,517			76,760			73,968			714,047			1,196,937
Shares Issued in Lieu of Cash Distributions		588			2,447			13,460			8,888			—			707,587
Shares Redeemed		(8,462	)		(9,830	)		(20,462	)		(148,431	)		(896,488	)		(1,388,574	)
Net Increase (Decrease) from Capital Share Transactions		18,550			(3,866	)		69,758			(65,575	)		(182,441	)		515,950
Total Increase (Decrease) in Net Assets		27,266			(9,673	)		330,015			(119,361	)		1,340,616			(1,651,115	)
Net Assets
Beginning of Year		16,867			26,540			537,744			657,105			4,646,848			6,297,963
End of Year	$	44,133		$	16,867		$	867,759		$	537,744		$	5,987,464		$	4,646,848
(1) Shares Issued and Redeemed:
Shares Issued		855			153			2,229			2,953			148,690			304,948
Shares Issued in Lieu of Cash Distributions		20			88			418			361			—			144,701
Shares Redeemed		(274	)		(404	)		(622	)		(7,187	)		(192,731	)		(341,397	)
Net Increase (Decrease) from Shares Issued and Redeemed		601			(163	)		2,025			(3,873	)		(44,041	)		108,252

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0, $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0, $0 and $0, respectively.

*** Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

See accompanying Notes to Financial Statements.

107

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	DFA Global Real Estate Securities Portfolio						DFA International Small Cap Value Portfolio						International Vector Equity Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	124,365		$	513,699		$	261,889		$	228,060		$	82,679		$	59,466
Capital Gain Distributions Received from Investment Securities		1,045			1,750			—			—			—			—
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		43,747			(42,440	)		541,397			(411,850	)		191,536			(76,225	)
Affiliated Investment Companies Shares Sold		60,992			22,534			(1	)		(2	)		(7	)		(7	)
Futures		1,671			(362	)		26,234			35,047			(437	)		(8,170	)
Foreign Currency Transactions		—			—			1,071			6,447			49			296
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		1,755,986			(868,809	)		3,392,048			(1,526,362	)		860,557			(125,231	)
Affiliated Investment Companies Shares		1,097,358			(1,432,797	)		(25	)		(8	)		(8	)		15
Futures		—			—			9,695			(7,947	)		826			—
Translation of Foreign Currency-Denominated Amounts		—			—			(1,012	)		(289	)		(279	)		132
Net Increase (Decrease) in Net Assets Resulting from Operations		3,085,164			(1,806,425	)		4,231,296			(1,676,904	)		1,134,916			(149,724	)
Distributions:
Institutional Class Shares		(186,953	)		(599,021	)		(258,254	)		(430,950	)		(74,200	)		(57,640	)
Capital Share Transactions (1):
Shares Issued		2,211,113			2,435,290			1,538,249			2,667,860			397,948			1,704,392
Shares Issued in Lieu of Cash Distributions		179,038			567,176			226,985			385,828			73,824			56,357
Shares Redeemed		(1,976,601	)		(2,640,206	)		(2,841,493	)		(4,485,990	)		(538,557	)		(1,408,660	)
Net Increase (Decrease) from Capital Share Transactions		413,550			362,260			(1,076,259	)		(1,432,302	)		(66,785	)		352,089
Total Increase (Decrease) in Net Assets		3,311,761			(2,043,186	)		2,896,783			(3,540,156	)		993,931			144,725
Net Assets
Beginning of Year		7,225,825			9,269,011			9,887,928			13,428,084			2,722,859			2,578,134
End of Year	$	10,537,586		$	7,225,825		$	12,784,711		$	9,887,928		$	3,716,790		$	2,722,859
(1) Shares Issued and Redeemed:
Shares Issued		189,077			243,141			74,227			181,563			29,258			184,973
Shares Issued in Lieu of Cash Distributions		16,811			49,884			11,757			20,438			5,458			5,172
Shares Redeemed		(168,470	)		(267,327	)		(140,273	)		(292,999	)		(39,764	)		(150,794	)
Net Increase (Decrease) from Shares Issued and Redeemed		37,418			25,698			(54,289	)		(90,998	)		(5,048	)		39,351

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0, $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0, $0 and $0, respectively.

See accompanying Notes to Financial Statements.

108

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	International High Relative Profitability Portfolio						World ex U.S. Value Portfolio***
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	45,392		$	19,772		$	9,084		$	6,168
Capital Gain Distributions Received from Investment Securities		—			—			—			440
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		43,197			(18,047	)		—			—
Affiliated Investment Companies Shares Sold		(6	)		(1	)		252			(1,457	)
Transactions Allocated from Affiliated Investment Company*,**		—			—			8,125			(14,842	)
Futures		2,062			3,996			—			100
Foreign Currency Transactions		(81	)		(53	)		—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		399,054			56,853			—			(42	)
Affiliated Investment Companies Shares		(2	)		5			7,908			(3,499	)
Transactions Allocated from Affiliated Investment Company		—			—			68,735			(36,036	)
Futures		145			(145	)		—			—
Translation of Foreign Currency-Denominated Amounts		(61	)		60			—			—
Net Increase (Decrease) in Net Assets Resulting from Operations		489,700			62,440			94,104			(49,168	)
Distributions:
Institutional Class Shares		(43,180	)		(18,018	)		(8,755	)		(6,579	)
Capital Share Transactions (1):
Shares Issued		559,296			1,014,049			60,323			54,277
Shares Issued in Lieu of Cash Distributions		42,393			17,687			8,749			6,573
Shares Redeemed		(339,830	)		(259,261	)		(52,670	)		(100,557	)
Net Increase (Decrease) from Capital Share Transactions		261,859			772,475			16,402			(39,707	)
Total Increase (Decrease) in Net Assets		708,379			816,897			101,751			(95,454	)
Net Assets
Beginning of Year		1,475,345			658,448			206,915			302,369
End of Year	$	2,183,724		$	1,475,345		$	308,666		$	206,915
(1) Shares Issued and Redeemed:
Shares Issued		42,975			101,501			4,967			6,299
Shares Issued in Lieu of Cash Distributions		3,204			1,705			723			672
Shares Redeemed		(25,822	)		(25,836	)		(4,335	)		(11,524	)
Net Increase (Decrease) from Shares Issued and Redeemed		20,357			77,370			1,355			(4,553	)

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0 and $84, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0 and $2, respectively.

*** Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

See accompanying Notes to Financial Statements.

109

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	World ex U.S. Core Equity						World Core Equity						Selectively Hedged
	Portfolio						Portfolio						Global Equity Portfolio
	Year			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2021			2020			2021			2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	98,566		$	77,826		$	16,261		$	14,907		$	5,395		$	5,790
Capital Gain Distributions Received from Investment Securities		—			—			—			8,146			—			4,097
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		21,498			(110,980	)		—			—			—			—
Affiliated Investment Companies Shares Sold		(2	)		(23	)		10,552			(19,813	)		15,611			(689	)
Futures		8,882			13,484			(18	)		(122	)		1,247			460
Foreign Currency Transactions		(357	)		1,255			—			—			—			—
Forward Currency Contracts		—			—			—			—			694			(1,961	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		991,909			(169,554	)		—			—			(19	)		—
Affiliated Investment Companies Shares		(6	)		17			283,947			3,079			88,688			(13,537	)
Futures		1,632			(598	)		—			—			196			(146	)
Translation of Foreign Currency-Denominated Amounts		(210	)		101			—			—			—			—
Forward Currency Contracts		—			—			—			—			121			710
Net Increase (Decrease) in Net Assets Resulting from Operations		1,121,912			(188,472	)		310,742			6,197			111,933			(5,276	)
Distributions:
Institutional Class Shares		(98,429	)		(75,535	)		(16,210	)		(16,437	)		(6,934	)		(9,635	)
Capital Share Transactions (1):
Shares Issued		608,060			1,273,174			205,873			198,881			40,778			64,436
Shares Issued in Lieu of Cash Distributions		97,865			74,685			15,000			15,264			6,900			9,598
Shares Redeemed		(850,479	)		(1,592,928	)		(196,293	)		(313,856	)		(92,479	)		(146,446	)
Net Increase (Decrease) from Capital Share Transactions		(144,554	)		(245,069	)		24,580			(99,711	)		(44,801	)		(72,412	)
Total Increase (Decrease) in Net Assets		878,929			(509,076	)		319,112			(109,951	)		60,198			(87,323	)
Net Assets
Beginning of Year		3,210,237			3,719,313			769,602			879,553			288,509			375,832
End of Year	$	4,089,166		$	3,210,237		$	1,088,714		$	769,602		$	348,707		$	288,509
(1) Shares Issued and Redeemed:
Shares Issued		45,421			135,315			9,724			13,724			2,016			4,300
Shares Issued in Lieu of Cash Distributions		7,267			7,310			711			969			372			564
Shares Redeemed		(64,633	)		(168,321	)		(9,418	)		(20,996	)		(4,584	)		(9,787	)
Net Increase (Decrease) from Shares Issued and Redeemed		(11,945	)		(25,696	)		1,017			(6,303	)		(2,196	)		(4,923	)

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $16, $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $2, $0 and $0, respectively.

See accompanying Notes to Financial Statements.

110

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	Emerging Markets						Emerging Markets						Emerging Markets Value
	Portfolio***						Small Cap Portfolio***						Portfolio***
	Year			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2021			2020			2021			2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	140,092		$	118,848		$	114,098		$	120,972		$	420,462		$	419,152
Net Realized Gain (Loss) on:
Transactions Allocated from Affiliated Investment Company*,**		398,700			62,124			592,687			(377,221	)		675,824			(1,030,841	)
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		691,616			28,554			923,652			126,768			3,251,339			(1,128,949	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,230,408			209,526			1,630,437			(129,481	)		4,347,625			(1,740,638	)
Distributions:
Class R2 Shares		—			—			—			—			(349	)		(569	)
Institutional Class Shares		(122,695	)		(118,156	)		(128,503	)		(170,927	)		(381,943	)		(441,483	)
Total Distributions		(122,695	)		(118,156	)		(128,503	)		(170,927	)		(382,292	)		(442,052	)
Capital Share Transactions (1):
Shares Issued		1,466,367			1,949,203			453,465			767,311			1,803,325			3,023,264
Shares Issued in Lieu of Cash Distributions		118,246			110,017			120,830			161,476			368,413			425,730
Shares Redeemed		(2,119,497	)		(2,466,550	)		(1,840,038	)		(2,172,505	)		(5,474,850	)		(5,847,897	)
Net Increase (Decrease) from Capital Share Transactions		(534,884	)		(407,330	)		(1,265,743	)		(1,243,718	)		(3,303,112	)		(2,398,903	)
Total Increase (Decrease) in Net Assets		572,829			(315,960	)		236,191			(1,544,126	)		662,221			(4,581,593	)
Net Assets
Beginning of Year		5,652,358			5,968,318			4,879,733			6,423,859			12,609,489			17,191,082
End of Year	$	6,225,187		$	5,652,358		$	5,115,924		$	4,879,733		$	13,271,710		$	12,609,489
(1) Shares Issued and Redeemed:
Shares Issued		43,254			81,083			18,380			43,649			58,117			131,688
Shares Issued in Lieu of Cash Distributions		3,525			4,148			5,119			8,071			12,138			16,867
Shares Redeemed		(62,966	)		(97,296	)		(75,078	)		(123,692	)		(175,638	)		(250,369	)
Net Increase (Decrease) from Shares Issued and Redeemed		(16,187	)		(12,065	)		(51,579	)		(71,972	)		(105,383	)		(101,814	)

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $49, $2,304 and $11,984, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0, $162 and $365, respectively.

*** Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

See accompanying Notes to Financial Statements.

111

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	Emerging Markets Core						Emerging Markets Targeted
	Equity Portfolio						Value Portfolio
	Year			Year			Year			Year
	Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2021			2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	670,994		$	561,952		$	5,084		$	3,141
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		544,729			(1,673,803	)		17,753			1,473
Affiliated Investment Companies Shares Sold		(14	)		(9	)		—			—
Futures		67,395			69,434			348			(609	)
Foreign Currency Transactions		(15,240	)		(17,720	)		(82	)		36
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		5,134,175			760,317			42,862			3,387
Affiliated Investment Companies Shares		(32	)		17			—			—
Futures		15,950			(12,657	)		67			(13	)
Translation of Foreign Currency-Denominated Amounts		100			(579	)		2			(4	)
Net Increase (Decrease) in Net Assets Resulting from Operations		6,418,057			(313,048	)		66,034			7,411
Distributions:
Institutional Class Shares		(590,306	)		(585,760	)		(4,500	)		(3,875	)
Capital Share Transactions (1):
Shares Issued		4,891,169			6,136,399			53,547			116,272
Shares Issued in Lieu of Cash Distributions		560,095			555,504			4,385			3,875
Shares Redeemed		(6,904,346	)		(9,635,005	)		(54,708	)		(67,880	)
Net Increase (Decrease) from Capital Share Transactions		(1,453,082	)		(2,943,102	)		3,224			52,267
Total Increase (Decrease) in Net Assets		4,374,669			(3,841,910	)		64,758			55,803
Net Assets
Beginning of Year		24,780,700			28,622,610			170,163			114,360
End of Year	$	29,155,369		$	24,780,700		$	234,921		$	170,163
(1) Shares Issued and Redeemed:
Shares Issued		191,908			329,136			4,233			14,050
Shares Issued in Lieu of Cash Distributions		22,111			28,643			389			366
Shares Redeemed		(273,309	)		(529,560	)		(4,246	)		(7,864	)
Net Increase (Decrease) from Shares Issued and Redeemed		(59,290	)		(171,781	)		376			6,552

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $257 and $239, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $72 and $0, respectively.

See accompanying Notes to Financial Statements.

112

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Large Cap International Portfolio															International Core Equity Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Year	$	20.90		$	22.78		$	21.29		$	23.52		$	19.52		$	12.08		$	13.19		$	12.65		$	14.23		$	11.58
Income from Investment Operations (A)
Net Investment Income (Loss)		0.70			0.49			0.70			0.66			0.58			0.40			0.28			0.41			0.38			0.34
Net Gains (Losses) on Securities (Realized and Unrealized)		6.70			(1.87	)		1.47			(2.25	)		4.00			4.24			(1.11	)		0.53			(1.60	)		2.63
Total from Investment Operations		7.40			(1.38	)		2.17			(1.59	)		4.58			4.64			(0.83	)		0.94			(1.22	)		2.97
Less Distributions:
Net Investment Income		(0.67	)		(0.50	)		(0.68	)		(0.64	)		(0.58	)		(0.37	)		(0.28	)		(0.40	)		(0.36	)		(0.32	)
Total Distributions		(0.67	)		(0.50	)		(0.68	)		(0.64	)		(0.58	)		(0.37	)		(0.28	)		(0.40	)		(0.36	)		(0.32	)
Net Asset Value, End of Year	$	27.63		$	20.90		$	22.78		$	21.29		$	23.52		$	16.35		$	12.08		$	13.19		$	12.65		$	14.23
Total Return		35.55	%		(6.05	%)		10.38	%		(6.97	%)		23.79	%		38.56	%		(6.32	%)		7.67	%		(8.79	%)		26.02	%
Net Assets, End of Year (thousands)	$	6,032,181		$	4,700,488		$	5,356,475		$	4,587,406		$	4,723,090		$	34,629,583		$	24,965,561		$	30,559,427		$	27,174,589		$	25,443,968
Ratio of Expenses to Average Net Assets		0.19	%		0.22	%		0.23	%		0.23	%		0.25	%		0.25	%		0.30	%		0.29	%		0.30	%		0.30	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor and Fees Paid Indirectly)		0.19	%		0.23	%		0.24	%		0.23	%		0.25	%		0.25	%		0.30	%		0.31	%		0.30	%		0.32	%
Ratio of Net Investment Income to Average Net Assets		2.65	%		2.31	%		3.22	%		2.78	%		2.72	%		2.56	%		2.24	%		3.21	%		2.67	%		2.62	%
Portfolio Turnover Rate		14	%		19	%		7	%		8	%		10	%		8	%		4	%		6	%		4	%		6	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

113

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Global Small Company Portfolio															International Small Company Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Period Jan 18, 2017 ʊ to Oct 31, 2017			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Period	$	10.50		$	11.07		$	10.73		$	11.53		$	10.00		$	16.84		$	18.21		$	18.46		$	21.52		$	17.78
Income from Investment Operations (A)
Net Investment Income (Loss)		0.22			0.15			0.18			0.19			0.14			0.41			0.33			0.43			0.46			0.41
Net Gains (Losses) on Securities (Realized and Unrealized)		4.97			(0.55	)		0.27			(0.75	)		1.39			6.42			(0.93	)		0.58			(2.41	)		4.13
Total from Investment Operations		5.19			(0.40	)		0.45			(0.56	)		1.53			6.83			(0.60	)		1.01			(1.95	)		4.54
Less Distributions:
Net Investment Income		(0.17	)		(0.17	)		(0.11	)		(0.17	)		—			(0.38	)		(0.37	)		(0.44	)		(0.44	)		(0.34	)
Net Realized Gains		—			—			—			(0.07	)		—			—			(0.40	)		(0.82	)		(0.67	)		(0.46	)
Total Distributions		(0.17	)		(0.17	)		(0.11	)		(0.24	)		—			(0.38	)		(0.77	)		(1.26	)		(1.11	)		(0.80	)
Net Asset Value, End of Period	$	15.52		$	10.50		$	11.07		$	10.73		$	11.53		$	23.29		$	16.84		$	18.21		$	18.46		$	21.52
Total Return		49.81	%		(3.75	%)		4.29	%		(5.02	%)		15.30	%(B)		40.83	%		(3.64	%)		6.44	%		(9.54	%)		26.54	%
Net Assets, End of Period (thousands)	$	99,631		$	43,568		$	41,286		$	31,380		$	15,021		$	13,465,853		$	10,148,132		$	12,750,110		$	12,656,204		$	13,490,290
Ratio of Expenses to Average Net Assets *(C)		0.47	%		0.47	%		0.49	%		0.49	%		0.42	%(D)(E)		0.46	%		0.53	%		0.54	%		0.53	%		0.53	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor) *(C)		0.71	%		0.85	%		0.93	%		0.90	%		1.14	%(D)(E)		0.46	%		0.53	%		0.54	%		0.53	%		0.53	%
Ratio of Net Investment Income to Average Net Assets		1.49	%		1.50	%		1.69	%		1.58	%		1.74	%(D)(E)		1.90	%		1.96	%		2.44	%		2.18	%		2.14	%
* The Ratio of Expenses to Average Net Assets is inclusive of acquired fund fees and expenses incurred by the Portfolio indirectly as a result of Portfolio’s investment in Underlying Funds as follows:		0.24	%		0.27	%		0.27	%		0.26	%		0.27	%		0.12	%		0.12	%		0.12	%		0.12	%		0.12	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

114

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Japanese Small Company Portfolio															Asia Pacific Small Company Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Year	$	23.39		$	24.89		$	25.70		$	28.56		$	23.01		$	20.13		$	21.11		$	20.83		$	23.71		$	21.27
Income from Investment Operations (A)
Net Investment Income (Loss)		0.44			0.40			0.45			0.43			0.37			0.75			0.75			0.77			0.84			0.74
Net Gains (Losses) on Securities (Realized and Unrealized)		2.51			(0.91	)		0.37			(2.59	)		5.61			6.74			(0.77	)		0.19			(2.76	)		2.45
Total from Investment Operations		2.95			(0.51	)		0.82			(2.16	)		5.98			7.49			(0.02	)		0.96			(1.92	)		3.19
Less Distributions:
Net Investment Income		(0.54	)		(0.61	)		(0.28	)		(0.70	)		(0.43	)		(0.68	)		(0.96	)		(0.68	)		(0.96	)		(0.75	)
Net Realized Gains		—			(0.38	)		(1.35	)		—			—			—			—			—			—			—
Total Distributions		(0.54	)		(0.99	)		(1.63	)		(0.70	)		(0.43	)		(0.68	)		(0.96	)		(0.68	)		(0.96	)		(0.75	)
Net Asset Value, End of Year	$	25.80		$	23.39		$	24.89		$	25.70		$	28.56		$	26.94		$	20.13		$	21.11		$	20.83		$	23.71
Total Return		12.66	%		(2.32	%)		4.01	%		(7.82	%)		26.56	%		37.81	%		(0.23	%)		4.81	%		(8.51	%)		15.70	%
Net Assets, End of Year (thousands)	$	379,837		$	466,696		$	640,068		$	622,650		$	647,978		$	381,490		$	378,682		$	340,649		$	346,335		$	332,153
Ratio of Expenses to Average Net Assets (F)		0.47	%		0.54	%		0.55	%		0.53	%		0.54	%		0.48	%		0.54	%		0.57	%		0.54	%		0.54	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor) (F)		0.57	%		0.64	%		0.65	%		0.63	%		0.64	%		0.58	%		0.64	%		0.67	%		0.64	%		0.64	%
Ratio of Net Investment Income to Average Net Assets		1.69	%		1.74	%		1.91	%		1.49	%		1.50	%		3.01	%		3.92	%		3.65	%		3.57	%		3.41	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

115

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	United Kingdom Small Company Portfolio															Continental Small Company Portfolio
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Net Asset Value, Beginning of Year	$	21.35		$	27.85		$	26.95		$	32.67		$	27.21		$	23.82		$	24.84		$	24.37		$	28.24		$	21.48
Income from Investment Operations (A)
Net Investment Income (Loss)		0.58			0.43			0.76			0.85			0.87			0.57			0.40			0.55			0.61			0.45
Net Gains (Losses) on Securities (Realized and Unrealized)		10.31			(4.00	)		1.68			(3.65	)		6.67			11.45			(1.04	)		1.23			(3.68	)		6.73
Total from Investment Operations		10.89			(3.57	)		2.44			(2.80	)		7.54			12.02			(0.64	)		1.78			(3.07	)		7.18
Less Distributions:
Net Investment Income		(0.52	)		(0.68	)		(0.47	)		(0.79	)		(0.93	)		(0.57	)		(0.38	)		(0.51	)		(0.59	)		(0.42	)
Net Realized Gains		—			(2.25	)		(1.07	)		(2.13	)		(1.15	)		—			—			(0.80	)		(0.21	)		—
Total Distributions		(0.52	)		(2.93	)		(1.54	)		(2.92	)		(2.08	)		(0.57	)		(0.38	)		(1.31	)		(0.80	)		(0.42	)
Net Asset Value, End of Year	$	31.72		$	21.35		$	27.85		$	26.95		$	32.67		$	35.27		$	23.82		$	24.84		$	24.37		$	28.24
Total Return		51.31	%		(15.27	%)		10.14	%		(9.34	%)		29.28	%		50.70	%		(2.63	%)		7.94	%		(11.14	%)		33.68	%
Net Assets, End of Year (thousands)	$	44,133		$	16,867		$	26,540		$	36,351		$	45,177		$	867,759		$	537,744		$	657,105		$	645,651		$	592,347
Ratio of Expenses to Average Net Assets (F)		0.59	%		0.59	%		0.59	%		0.58	%		0.59	%		0.47	%		0.54	%		0.56	%		0.54	%		0.56	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor) (F)		0.74	%		0.86	%		0.82	%		0.68	%		0.71	%		0.57	%		0.64	%		0.66	%		0.64	%		0.66	%
Ratio of Net Investment Income to Average Net Assets		1.88	%		1.89	%		2.92	%		2.75	%		2.93	%		1.76	%		1.68	%		2.30	%		2.16	%		1.78	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

116

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	DFA International Real Estate Securities Portfolio															DFA Global Real Estate Securities Portfolio
	Year			Year			Year			Year			Year			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2019			2018			2017			2021			2020			2019			2018			2017
Net Asset Value, Beginning of Year	$	3.77		$	5.61		$	4.85		$	5.07		$	5.23		$	9.57		$	12.71		$	10.71		$	10.90		$	10.84
Income from Investment Operations (A)
Net Investment Income (Loss)		0.16			0.15			0.20			0.22			0.21			0.16			0.68			0.34	**		0.48			0.43
Net Gains (Losses) on Securities (Realized and Unrealized)		1.11			(1.35	)		0.83			(0.22	)		0.04			3.80			(3.00	)		2.16	**		(0.26	)		0.15
Total from Investment Operations		1.27			(1.20	)		1.03			—			0.25			3.96			(2.32	)		2.50			0.22			0.58
Less Distributions:
Net Investment Income		—			(0.64	)		(0.27	)		(0.22	)		(0.41	)		(0.20	)		(0.70	)		(0.50	)		(0.34	)		(0.49	)
Net Realized Gains		—			—			—			—			—			(0.04	)		(0.12	)		(—	)		(0.07	)		(0.03	)
Total Distributions		—			(0.64	)		(0.27	)		(0.22	)		(0.41	)		(0.24	)		(0.82	)		(0.50	)		(0.41	)		(0.52	)
Net Asset Value, End of Year	$	5.04		$	3.77		$	5.61		$	4.85		$	5.07		$	13.29		$	9.57		$	12.71		$	10.71		$	10.90
Total Return		33.69	%		(23.98	%)		22.54	%		(0.24	%)		5.46	%		42.08	%		(19.28	%)		24.55	%		1.91	%		5.82	%
Net Assets, End of Year (thousands)	$	5,987,464		$	4,646,848		$	6,297,963		$	5,442,507		$	5,497,753		$	10,537,586		$	7,225,825		$	9,269,011		$	7,475,924		$	6,753,782
Ratio of Expenses to Average Net Assets *		0.27	%		0.26	%		0.27	%		0.28	%		0.28	%		0.24	%(C)		0.24	%(C)		0.24	%(C)		0.24	%(C)		0.24	%(C)
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor and Fees Paid Indirectly) *		0.27	%		0.27	%		0.28	%		0.28	%		0.28	%		0.34	%(C)		0.34	%(C)		0.35	%(C)		0.35	%(C)		0.37	%(C)
Ratio of Net Investment Income to Average Net Assets		3.29	%		3.61	%		4.01	%		4.27	%		4.19	%		1.33	%		6.44	%		2.95	%**		4.42	%		4.03	%
Portfolio Turnover Rate		8	%		12	%		8	%		5	%		1	%		1	%		0	%		0	%		3	%		2	%
* The Ratio of Expenses to Average Net Assets is inclusive of acquired fund fees and expenses incurred by the Portfolio indirectly as a result of Portfolio’s investment in Underlying Funds as follows:		N/A			N/A			N/A			N/A			N/A			0.11	%		0.12	%		0.13	%		0.13	%		0.15	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

117

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	DFA International Small Cap Value Portfolio															International Vector Equity Portfolio
	Year			Year			Year			Year			Year			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2019			2018			2017			2021			2020			2019			2018			2017
Net Asset Value, Beginning of Year	$	15.65		$	18.58		$	19.24		$	23.51		$	19.31		$	10.42		$	11.62		$	11.74		$	13.33		$	10.78
Income from Investment Operations (A)
Net Investment Income (Loss)		0.44			0.33			0.45			0.47			0.39			0.32			0.23			0.33			0.32			0.28
Net Gains (Losses) on Securities (Realized and Unrealized)		6.48			(2.65	)		(0.01	)		(3.44	)		4.72			4.06			(1.20	)		0.24			(1.56	)		2.57
Total from Investment Operation		6.92			(2.32	)		0.44			(2.97	)		5.11			4.38			(0.97	)		0.57			(1.24	)		2.85
Less Distributions:
Net Investment Income		(0.43	)		(0.32	)		(0.48	)		(0.56	)		(0.29	)		(0.29	)		(0.23	)		(0.34	)		(0.30	)		(0.28	)
Net Realized Gains		—			(0.29	)		(0.62	)		(0.74	)		(0.62	)		—			—			(0.35	)		(0.05	)		(0.02	)
Total Distributions		(0.43	)		(0.61	)		(1.10	)		(1.30	)		(0.91	)		(0.29	)		(0.23	)		(0.69	)		(0.35	)		(0.30	)
Net Asset Value, End of Year	$	22.14		$	15.65		$	18.58		$	19.24		$	23.51		$	14.51		$	10.42		$	11.62		$	11.74		$	13.33
Total Return		44.61	%		(13.03	%)		2.94	%		(13.37	%)		27.49	%		42.24	%		(8.41	%)		5.49	%		(9.52	%)		26.83	%
Net Assets, End of Year (thousands)	$	12,784,711		$	9,887,928		$	13,428,084		$	13,787,695		$	16,162,471		$	3,716,790		$	2,722,859		$	2,578,134		$	2,441,217		$	2,529,852
Ratio of Expenses to Average Net Assets		0.53	%		0.65	%		0.68	%		0.68	%		0.68	%		0.42	%		0.47	%		0.50	%		0.48	%		0.49	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.53	%		0.66	%		0.69	%		0.68	%		0.68	%		0.42	%		0.48	%		0.50	%		0.48	%		0.49	%
Ratio of Net Investment Income to Average Net Assets		2.13	%		2.02	%		2.48	%		2.10	%		1.85	%		2.35	%		2.20	%		2.94	%		2.40	%		2.36	%
Portfolio Turnover Rate		15	%		14	%		18	%		23	%		21	%		15	%		18	%		17	%		12	%		5	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

118

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	International High Relative Profitability Portfolio															World Ex U.S. Value Portfolio
	Year			Year			Year			Year			Period May 16,			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			2017 ʊ to			Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2019			2018			2017			2021			2020			2019			2018			2017
Net Asset Value, Beginning of Period	$	10.64		$	10.74		$	9.71		$	10.68		$	10.00		$	8.99		$	10.97		$	11.16		$	12.71		$	10.31
Income from Investment Operations (A)
Net Investment Income (Loss)		0.30			0.21			0.27			0.26			0.08			0.38			0.25			0.35			0.34			0.31
Net Gains (Losses) on Securities (Realized and Unrealized)		3.08			(0.13	)		1.00			(1.01	)		0.66			3.66			(1.96	)		0.04			(1.48	)		2.33
Total from Investment Operations		3.38			0.08			1.27			(0.75	)		0.74			4.04			(1.71	)		0.39			(1.14	)		2.64
Less Distributions:
Net Investment Income		(0.29	)		(0.18	)		(0.24	)		(0.22	)		(0.06	)		(0.36	)		(0.27	)		(0.35	)		(0.41	)		(0.24	)
Net Realized Gains		—			—			—			—			—			—			—			(0.23	)		—			—
Total Distributions		(0.29	)		(0.18	)		(0.24	)		(0.22	)		(0.06	)		(0.36	)		(0.27	)		(0.58	)		(0.41	)		(0.24	)
Net Asset Value, End of Period	$	13.73		$	10.64		$	10.74		$	9.71		$	10.68		$	12.67		$	8.99		$	10.97		$	11.16		$	12.71
Total Return		31.85	%		0.80	%		13.19	%		(7.20	%)		7.38	%(B)		45.23	%		(15.76	%)		3.75	%		(9.22	%)		25.97	%
Net Assets, End of Period (thousands)	$	2,183,724		$	1,475,345		$	658,448		$	266,868		$	67,793		$	308,666		$	206,915		$	302,369		$	240,668		$	246,551
Ratio of Expenses to Average Net Assets *		0.30	%		0.30	%		0.33	%		0.35	%		0.31	%(D)(E)		0.44	%(C)		0.50	%(C)		0.54	%(C)		0.52	%(C)		0.52	%(C)
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor and Fees Paid Indirectly) *		0.30	%		0.31	%		0.34	%		0.35	%		0.65	%(D)(E)		0.64	%(C)		0.71	%(C)		0.76	%(C)		0.74	%(C)		0.75	%(C)
Ratio of Net Investment Income to Average Net Assets		2.30	%		1.97	%		2.69	%		2.41	%		1.76	%(D)(E)		3.14	%		2.56	%		3.25	%		2.72	%		2.69	%
Portfolio Turnover Rate		15	%		15	%		9	%		9	%		2	%(B)		N/A			N/A			N/A			N/A			N/A
* The Ratio of Expenses to Average Net Assets is inclusive of acquired fund fees and expenses incurred by the Portfolio indirectly as a result of Portfolio’s investment in Underlying Funds as follows:		N/A			N/A			N/A			N/A			N/A			0.20	%		0.23	%		0.24	%		0.24	%		0.25	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

119

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	World Ex U.S. Core Equity Portfolio
	Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2019			2018			2017
Net Asset Value, Beginning of Period	$	10.44		$	11.17		$	10.65		$	12.15		$	9.93
Income from Investment Operations (A)
Net Investment Income (Loss)		0.33			0.24			0.33			0.31			0.27
Net Gains (Losses) on Securities (Realized and Unrealized)		3.40			(0.74	)		0.56			(1.52	)		2.21
Total from Investment Operations		3.73			(0.50	)		0.89			(1.21	)		2.48
Less Distributions:
Net Investment Income		(0.33	)		(0.23	)		(0.32	)		(0.29	)		(0.26	)
Net Realized Gains		—			—			(0.05	)		—			—
Total Distributions		(0.33	)		(0.23	)		(0.37	)		(0.29	)		(0.26	)
Net Asset Value, End of Period	$	13.84		$	10.44		$	11.17		$	10.65		$	12.15
Total Return		35.87	%		(4.42	%)		8.64	%		(10.22	%)		25.33	%
Net Assets, End of Period (thousands)	$	4,089,166		$	3,210,237		$	3,719,313		$	3,129,791		$	2,805,367
Ratio of Expenses to Average Net Assets		0.32	%		0.35	%		0.37	%		0.39	%		0.40	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor and Fees Paid Indirectly)		0.32	%		0.36	%		0.38	%		0.37	%		0.40	%
Ratio of Net Investment Income to Average Net Assets		2.49	%		2.26	%		3.02	%		2.56	%		2.48	%
Portfolio Turnover Rate		6	%		13	%		8	%		4	%		4	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

120

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	World Core Equity Portfolio															Selectively Hedged Global Equity Portfolio
	Year			Year			Year			Year			Year			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2019			2018			2017			2021			2020			2019			2018			2017
Net Asset Value, Beginning of Year	$	16.29		$	16.42		$	15.40		$	16.06		$	13.14		$	16.21		$	16.54		$	15.71		$	16.52		$	13.67
Income from Investment Operations (A)
Net Investment Income (Loss)		0.34			0.29			0.35			0.31			0.29			0.33			0.28			0.35			0.31			0.29
Net Gains (Losses) on Securities (Realized and Unrealized)		6.27			(0.10	)		1.13			(0.64	)		2.98			6.21			(0.18	)		1.12			(0.66	)		2.98
Total from Investment Operations		6.61			0.19			1.48			(0.33	)		3.27			6.54			0.10			1.47			(0.35	)		3.27
Less Distributions:
Net Investment Income		(0.34	)		(0.29	)		(0.35	)		(0.30	)		(0.30	)		(0.20	)		(0.43	)		(0.44	)		(0.27	)		(0.30	)
Net Realized Gains		—			(0.03	)		(0.11	)		(0.03	)		(0.05	)		(0.20	)		—			(0.20	)		(0.19	)		(0.12	)
Total Distributions		(0.34	)		(0.32	)		(0.46	)		(0.33	)		(0.35	)		(0.40	)		(0.43	)		(0.64	)		(0.46	)		(0.42	)
Net Asset Value, End of Year	$	22.56		$	16.29		$	16.42		$	15.40		$	16.06		$	22.35		$	16.21		$	16.54		$	15.71		$	16.52
Total Return		40.75	%		1.25	%		9.94	%		(2.16	%)		25.14	%		40.81	%		0.47	%		10.10	%		(2.28	%)		24.54	%
Net Assets, End of Year (thousands)	$	1,088,714		$	769,602		$	879,553		$	741,512		$	546,891		$	348,707		$	288,509		$	375,832		$	403,195		$	402,204
Ratio of Expenses to Average Net Assets *(C)		0.28	%		0.32	%		0.33	%		0.35	%		0.35	%		0.32	%		0.36	%		0.37	%		0.34	%		0.35	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor) *(C)		0.46	%		0.56	%		0.60	%		0.59	%		0.60	%		0.53	%		0.61	%		0.63	%		0.60	%		0.62	%
Ratio of Net Investment Income to Average Net Assets		1.64	%		1.81	%		2.23	%		1.89	%		1.95	%		1.60	%		1.78	%		2.25	%		1.87	%		1.90	%
* The Ratio of Expenses to Average Net Assets is inclusive of acquired fund fees and expenses incurred by the Portfolio indirectly as a result of Portfolio’s investment in Underlying Funds as follows:		0.22	%		0.25	%		0.27	%		0.27	%		0.28	%		0.25	%		0.28	%		0.30	%		0.29	%		0.29	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

121

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Emerging Markets Portfolio															Emerging Markets Small Cap Portfolio
	Year			Year			Year			Year			Year			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2019			2018			2017			2021			2020			2019			2018			2017
Net Asset Value, Beginning of Year	$	27.64		$	27.56		$	25.46		$	29.55		$	24.12		$	19.67		$	20.07		$	18.72		$	23.49		$	20.39
Income from Investment Operations (A)
Net Investment Income (Loss)		0.74			0.55			0.73			0.61			0.49			0.52			0.41			0.48			0.53			0.49
Net Gains (Losses) on Securities (Realized and Unrealized)		5.32			0.07			2.05			(4.14	)		5.43			6.41			(0.24	)		1.87			(4.22	)		3.58
Total from Investment Operations		6.06			0.62			2.78			(3.53	)		5.92			6.93			0.17			2.35			(3.69	)		4.07
Less Distributions:
Net Investment Income		(0.65	)		(0.54	)		(0.68	)		(0.56	)		(0.49	)		(0.57	)		(0.44	)		(0.46	)		(0.53	)		(0.51	)
Net Realized Gains		—			—			—			—			—			—			(0.13	)		(0.54	)		(0.55	)		(0.46	)
Total Distributions		(0.65	)		(0.54	)		(0.68	)		(0.56	)		(0.49	)		(0.57	)		(0.57	)		(1.00	)		(1.08	)		(0.97	)
Net Asset Value, End of Year	$	33.05		$	27.64		$	27.56		$	25.46		$	29.55		$	26.03		$	19.67		$	20.07		$	18.72		$	23.49
Total Return		21.91	%		2.36	%		11.06	%		(12.14	%)		24.83	%		35.51	%		0.81	%		12.96	%		(16.45	%)		21.00	%
Net Assets, End of Year (thousands)	$	6,225,187		$	5,652,358		$	5,968,318		$	5,394,188		$	6,632,914		$	5,115,924		$	4,879,733		$	6,423,859		$	6,304,406		$	7,249,717
Ratio of Expenses to Average Net Assets (F)		0.39	%		0.44	%		0.48	%		0.47	%		0.50	%		0.63	%		0.69	%		0.72	%		0.70	%		0.73	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor) (F)		0.49	%		0.54	%		0.58	%		0.57	%		0.60	%		0.83	%		0.89	%		0.92	%		0.90	%		0.93	%
Ratio of Net Investment Income to Average Net Assets		2.19	%		2.07	%		2.70	%		2.08	%		1.88	%		2.10	%		2.20	%		2.44	%		2.31	%		2.32	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

122

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Emerging Markets Value Portfolio-Class R2 Shares
	Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2019			2018			2017
Net Asset Value, Beginning of Year	$	23.78		$	27.16		$	26.64		$	30.13		$	24.71
Income from Investment Operations (A)
Net Investment Income (Loss)		0.82			0.59			0.63			0.63			0.31
Net Gains (Losses) on Securities (Realized and Unrealized)		7.45			(3.27	)		0.56			(3.48	)		5.60
Total from Investment Operations		8.27			(2.68	)		1.19			(2.85	)		5.91
Less Distributions:
Net Investment Income		(0.77	)		(0.70	)		(0.67	)		(0.64	)		(0.49	)
Total Distributions		(0.77	)		(0.70	)		(0.67	)		(0.64	)		(0.49	)
Net Asset Value, End of Year	$	31.28		$	23.78		$	27.16		$	26.64		$	30.13
Total Return		34.91	%		(9.98	%)		4.57	%		(9.66	%)		24.11	%
Net Assets, End of Year (thousands)	$	13,709		$	12,587		$	29,146		$	25,150		$	31,198
Ratio of Expenses to Average Net Assets (F)		0.74	%		0.77	%		0.81	%		0.80	%		0.81	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor) (F)		0.84	%		0.87	%		0.91	%		0.90	%		0.91	%
Ratio of Net Investment Income to Average Net Assets		2.68	%		2.41	%		2.29	%		2.07	%		1.19	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

123

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Emerging Markets Value Portfolio-Institutional Class Shares
	Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2019			2018			2017
Net Asset Value, Beginning of Year	$	23.93		$	27.34		$	26.81		$	30.32		$	24.84
Income from Investment Operations (A)
Net Investment Income (Loss)		0.90			0.71			0.70			0.73			0.61
Net Gains (Losses) on Securities (Realized and Unrealized)		7.50			(3.35	)		0.57			(3.53	)		5.40
Total from Investment Operations		8.40			(2.64	)		1.27			(2.80	)		6.01
Less Distributions:
Net Investment Income		(0.85	)		(0.77	)		(0.74	)		(0.71	)		(0.53	)
Total Distributions		(0.85	)		(0.77	)		(0.74	)		(0.71	)		(0.53	)
Net Asset Value, End of Year	$	31.48		$	23.93		$	27.34		$	26.81		$	30.32
Total Return		35.24	%		(9.75	%)		4.83	%		(9.45	%)		24.41	%
Net Assets, End of Year (thousands)	$	13,258,001		$	12,596,902		$	17,161,936		$	16,431,410		$	19,383,230
Ratio of Expenses to Average Net Assets (F)		0.49	%		0.52	%		0.56	%		0.54	%		0.57	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor) (F)		0.59	%		0.62	%		0.66	%		0.64	%		0.67	%
Ratio of Net Investment Income to Average Net Assets		2.92	%		2.87	%		2.54	%		2.37	%		2.23	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

124

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Emerging Markets Core Equity Portfolio															Emerging Markets Targeted Value Portfolio
																						Period
	Year			Year			Year			Year			Year			Year			Year			Nov 14,
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			2018 ʊ to
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2019			2018			2017			2021			2020			2019
Net Asset Value, Beginning of Year	$	20.34		$	20.59		$	18.95		$	22.38		$	18.40		$	9.71		$	10.43		$	10.00
Income from Investment Operations (A)
Net Investment Income (Loss)		0.57			0.43			0.53			0.50			0.42			0.28			0.21			0.24
Net Gains (Losses) on Securities (Realized and Unrealized)		4.76			(0.22	)		1.64			(3.47	)		3.95			3.39			(0.59	)		0.20
Total from Investment Operations		5.33			0.21			2.17			(2.97	)		4.37			3.67			(0.38	)		0.44
Less Distributions:
Net Investment Income		(0.51	)		(0.46	)		(0.53	)		(0.46	)		(0.39	)		(0.23	)		(0.23	)		(0.01	)
Net Realized Gains		—			—			—			—			—			(0.02	)		(0.11	)		—
Total Distributions		(0.51	)		(0.46	)		(0.53	)		(0.46	)		(0.39	)		(0.25	)		(0.34	)		(0.01	)
Net Asset Value, End of Year	$	25.16		$	20.34		$	20.59		$	18.95		$	22.38		$	13.13		$	9.71		$	10.43
Total Return		26.19	%		1.13	%		11.61	%		(13.48	%)		24.02	%		38.29	%		(3.89	%)		4.38	%(B)
Net Assets, End of Year (thousands)	$	29,155,369		$	24,780,700		$	28,622,610		$	25,372,759		$	27,085,722		$	234,921		$	170,163		$	114,360
Ratio of Expenses to Average Net Assets		0.42	%		0.49	%		0.52	%		0.52	%		0.55	%		0.72	%		0.84	%		0.85	%(D)(E)
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor and Fees Paid Indirectly)		0.42	%		0.50	%		0.53	%		0.52	%		0.56	%		0.72	%		0.87	%		0.95	%(D)(E)
Ratio of Net Investment Income to Average Net Assets		2.26	%		2.19	%		2.62	%		2.25	%		2.08	%		2.19	%		2.26	%		2.30	%(D)(E)
Portfolio Turnover Rate		10	%		15	%		4	%		4	%		4	%		29	%		34	%		12	%(B)

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

125

DFA INVESTMENT DIMENSIONS GROUP INC.

NOTES TO FINANCIAL STATEMENTS

A. Organization:

DFA Investment Dimensions 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. The Fund consists of one hundred operational portfolios, of which twenty-two (the “Portfolios”) are included in this section of the report. The remaining operational portfolios are presented in separate reports. The Portfolios are investment companies, and accordingly, follow the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”), Topic 946, “Financial Services-Investment Companies.”

Of the Portfolios, seven invest all of their assets in a corresponding series or fund (each such Portfolio, a “Feeder Fund”). Of the Feeder Funds, six invest all of their assets in a corresponding series of The DFA Investment Trust Company (“DFAITC”) and one invests all of its assets in the Dimensional Emerging Markets Value Fund (“DEM”) (each such series within DFAITC and DEM, a “Master Fund”, treated as partnerships for federal income tax purposes). Six of the Portfolios generally allocate their assets among other funds managed by Dimensional Fund Advisors LP (each such Portfolio, a “Fund of Funds”). The Fund of Funds may also invest in affiliated and unaffiliated registered and unregistered money market funds. The International Small Company Portfolio invests in five Master Funds within DFAITC. The Global Small Company Portfolio invests in six Master Funds within DFAITC and one underlying fund within the Fund (each such underlying fund within the Fund, an “Underlying Fund”). The DFA Global Real Estate Securities Portfolio invests in two Underlying Funds within the Fund and directly in securities. The World ex U.S. Value Portfolio invests in three Master/Underlying Funds within the Fund, DFAITC, and DEM. The World Core Equity Portfolio and Selectively Hedged Global Equity Portfolio each invest in three Underlying Funds within the Fund. As of October 31, 2021, the following Portfolios were the owner of record of the following approximate percentages of the total outstanding shares of the following Master/Underlying Funds as detailed below:

		Percentage
		Ownership
Feeder Funds	Master/Underlying Funds	at 10/31/21
Japanese Small Company Portfolio	The Japanese Small Company Series		11	%
Asia Pacific Small Company Portfolio	The Asia Pacific Small Company Series		21	%
United Kingdom Small Company Portfolio	The United Kingdom Small Company Series		2	%
Continental Small Company Portfolio	The Continental Small Company Series		13	%
Emerging Markets Portfolio	The Emerging Markets Series		99	%
Emerging Markets Small Cap Portfolio	The Emerging Markets Small Cap Series		99	%
Emerging Markets Value Portfolio	Dimensional Emerging Markets Value Fund		98	%
		Percentage
		Ownership
Funds of Funds	Underlying Funds	at 10/31/21
International Small Company Portfolio	The Continental Small Company Series		87	%
	The Japanese Small Company Series		89	%
	The United Kingdom Small Company Series		97	%
	The Asia Pacific Small Company Series		79	%
	The Canadian Small Company Series		97	%
Global Small Company Portfolio	U.S. Small Cap Portfolio		—
	The Continental Small Company Series		—
	The Japanese Small Company Series		—
	The Asia Pacific Small Company Series		—

126

		Percentage
		Ownership
Funds of Funds	Underlying Funds	at 10/31/21
	The Canadian Small Company Series		—
	The Emerging Markets Small Cap Series		—
	The United Kingdom Small Company Series		—
DFA Global Real Estate Securities Portfolio*	DFA Real Estate Securities Portfolio		7	%
	DFA International Real Estate Securities Portfolio		61	%
World ex U.S. Value Portfolio	Dimensional Emerging Markets Value Fund		1	%
	DFA International Small Cap Value Portfolio		—
	The DFA International Value Series		2	%
World Core Equity Portfolio	U.S. Core Equity 1 Portfolio		2	%
	International Core Equity Portfolio		1	%
	Emerging Markets Core Equity Portfolio		—
Selectively Hedged Global Equity Portfolio	U.S. Core Equity 2 Portfolio		1	%
	International Core Equity Portfolio		—
	Emerging Markets Core Equity Portfolio		—

* DFA Global Real Estate Securities Portfolio invests in two Underlying Funds as indicated and securities listed on its Summary Schedule of Investments.

To achieve its investment objective, each Feeder Fund and Fund of Funds invests substantially all of its assets in corresponding Master and/or Underlying Funds as indicated above. The DFA Global Real Estate Securities Portfolio may pursue its investment objective by investing its assets in its Underlying Funds and/or directly in securities of companies in the real estate industry. Each Feeder Fund and Fund of Funds also invests in short-term temporary cash investments and futures. In addition, each Fund of Funds may engage in forward currency contracts.

The financial statements of the Feeder Funds’ Master Funds are included elsewhere in this report and should be read in conjunction with the financial statements of the Feeder Funds.

B. Significant Accounting Policies:

The following significant accounting policies are in conformity with accounting principles generally accepted in the United States of America. Such policies are consistently followed by the Fund in preparation of its financial statements. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the fair value of investments, the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates, and those differences could be material.

1. 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)

127

Securities held by Large Cap International Portfolio, International Core Equity Portfolio, DFA International Real Estate Securities Portfolio, DFA Global Real Estate Securities Portfolio, DFA International Small Cap Value Portfolio, International Vector Equity Portfolio, World ex U.S. Core Equity Portfolio, Emerging Markets Core Equity Portfolio, International High Relative Profitability Portfolio and Emerging Markets Targeted Value Portfolio (the “International Equity Portfolios”), including over-the-counter securities, are valued at the last quoted sale price of the day. International equity securities are subject to a fair value factor, as described later in this note. Securities held by the International Equity Portfolios 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 International Equity Portfolios value 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.

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 the Portfolio is calculated. When fair value pricing is used, the prices of securities used by the International Equity 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 or Level 3 in the hierarchy.

The International Equity Portfolios will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the time at which the net asset values of the International Equity Portfolios are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the pricing of the International Equity Portfolios’ shares (at the close of the NYSE), the International Equity Portfolios will fair-value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the International Equity Portfolios’ foreign investments since the last calculated closing prices of the foreign investments on their primary foreign securities markets or exchanges. For these purposes, the Board of Directors of the Fund has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the International Equity Portfolios uses data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When an International Equity Portfolio uses fair value pricing, the values assigned to the International Equity Portfolio’s foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

Debt securities held by the Portfolios 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. Securities for which quotations are not 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. These securities are generally categorized as Level 2 or Level 3 in the hierarchy.

Listed derivatives, such as futures, that are actively traded are valued based on quoted prices from the exchange and are categorized as Level 1 in the hierarchy. Over-the-counter derivative contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 in the hierarchy.

128

Shares held by the Portfolios in other investment companies (such as the Master/Underlying Funds) are valued at their respective daily net asset values as reported by their administrator. The Feeder Funds’, International Small Company Portfolio’s, Global Small Company Portfolio’s and World ex U.S. Value Portfolio’s investments in series of either DFAITC or DEM reflect their proportionate interest in the net assets of such corresponding Master Fund(s). These valuations are classified as Level 1 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 the Summary Schedule of Portfolio Holdings/Schedule of Investments (except for the Feeder Funds). The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

2. Foreign Currency Translation: Securities and other assets and liabilities of the Portfolios whose values are initially expressed in foreign currencies are translated to U.S. dollars using the mean between the most recent bid and ask prices for the U.S. dollar as quoted by generally recognized reliable sources. To facilitate the translation, the Portfolios enter into foreign currency contracts. A foreign currency contract is a spot agreement between two parties to buy and sell currencies at current market exchange rates, for settlement generally within two business days. Dividend and interest income and certain expenses are translated to U.S. dollars at the rate of exchange on their respective accrual dates. Receivables and payables denominated in foreign currencies are marked-to-market daily based on daily exchange rates and exchange gains or losses are realized upon ultimate receipt or disbursement. The Portfolios also enter into forward currency contracts for the purpose of hedging against fluctuations in currency exchange rates. These contracts are marked-to-market daily based on daily forward exchange rates.

The International Equity Portfolios do not isolate the effect of foreign exchange rate fluctuations from the effect of fluctuations in the market prices of securities, whether realized or unrealized. However, the Selectively Hedged Global Equity Portfolio does isolate the effect of foreign currency rate fluctuations when determining the realized gain or loss upon the sale or maturity of foreign currency-denominated debt obligations pursuant to U.S. Federal income tax regulations; such amounts are categorized as foreign exchange gain or loss for income tax reporting purposes.

Realized gains or losses on foreign currency transactions represent net foreign exchange gains or losses from the disposition of foreign currencies, currency gains or losses realized between the trade and settlement dates of securities transactions, and the difference between amounts of interest, dividends and any foreign withholding taxes recorded on the books of the International Equity Portfolios and Selectively Hedged Global Equity Portfolio and the U.S. dollar equivalent amounts actually received or paid.

3. Deferred Compensation Plan: Each eligible Director of the Fund may elect to participate in the Fee Deferral Plan for Independent Directors and Trustees (the “Plan”). Under the Plan, effective January 1, 2002, such Directors may defer payment of all or a portion of their total fees earned as a Director. These deferred amounts may be treated as though such amounts had been invested in shares of the following funds: the U.S. Large Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Large Company Portfolio, U.S. Vector Equity Portfolio, U.S. Micro Cap Portfolio, DFA International Value Portfolio, International Core Equity Portfolio, Emerging Markets Portfolio, Emerging Markets Core Equity Portfolio, DFA Inflation-Protected Securities Portfolio, and/or DFA Two-Year Global Fixed Income Portfolio. Contributions made under the Plan and the change in unrealized appreciation (depreciation) and income are included in Directors’/ Trustees’ Fees & Expenses.

The Directors may receive their distributions of proceeds by one of the following methods: lump sum, annual installments over a period of agreed-upon years, or quarterly installments over a period of agreed-upon years. Each Director shall have the right in a notice of election (the “Notice”) to defer the receipt of the Director’s deferred compensation until a date specified by such Director in the Notice. The date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Director ceases to be a member of the Board of Directors of the Fund; and (ii) five years following the effective date of the Director’s first deferral election. If a Director who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Director’s deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Director ceases to be a member of the Board (unless the Director files an amended Notice selecting a different distribution date).

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4. Other: Security transactions are accounted for as of the trade date. Costs used in determining realized gains and losses on the sale of investment securities/affiliated investment companies and foreign currency are accounted for on the basis of identified cost. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities and from the investment in affiliated investment companies that represent a return of capital or capital gains are recorded as a reduction of cost of investments or as a realized gain, respectively. The Portfolios estimate the character of received distributions that may be considered return of capital distributions. Interest income is recorded on an accrual basis. Discount and premium on debt securities purchased are amortized over the lives of the respective securities, using the effective interest method. Expenses directly attributable to a Portfolio are directly charged. Common expenses of the Fund or the Portfolios are allocated using methods approved by the Board, generally based on average net assets.

Organizational costs are expensed during the fiscal year of inception of the Portfolios. Offering costs are amortized over a twelve-month period from the inception of the Portfolios.

Class R2 Shares and Institutional Class Shares have equal rights to assets and earnings of a Portfolio. Income, gains and losses, and common expenses of a Portfolio are allocated to each class of shares based on its relative net assets. Each class will bear its own class-specific expenses, if any.

The Feeder Funds, International Small Company Portfolio, Global Small Company Portfolio, and World ex U.S. Value Portfolio recognize their pro-rata shares of net investment income and realized and unrealized gains/losses on a daily basis from their respective Master Fund(s) within DFAITC or DEM, which are treated as partnerships for federal income tax purposes.

The Portfolios may be subject to taxes imposed by countries in which they invest with respect to their investments in issuers existing or operating in such countries. Such taxes are generally based on income earned or repatriated and capital gains realized on the sale of such investments. The Portfolios accrue such taxes when the related income or capital gains are earned or throughout the holding period. Some countries require governmental approval for the repatriation of investment income, capital or the proceeds of sales earned by foreign investors. Additionally, if there is a deterioration in a country’s balance of payments or for other reasons, a country may impose temporary restrictions on foreign capital remittances abroad.

The Emerging Markets Portfolio, Emerging Markets Small Cap Portfolio, Emerging Markets Value Portfolio, World ex U.S. Core Portfolio, Emerging Markets Core Equity Portfolio and Emerging Markets Targeted Value Portfolio are subject to tax on short-term and long-term capital gains for investments in India. Such taxes are accrued on a daily basis and due upon sale of individual securities.

C. Investment Advisor:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Portfolios. For the year ended October 31, 2021, the Portfolios’ investment management fees were accrued daily and paid monthly to the Advisor based on the following effective annual rates of average daily net assets:

Large Cap International Portfolio	0.15	%*
International Core Equity Portfolio	0.21	%*
Global Small Company Portfolio	0.41	%*
International Small Company Portfolio	0.32	%*
Japanese Small Company Portfolio	0.42	%*
Asia Pacific Small Company Portfolio	0.42	%*
United Kingdom Small Company Portfolio	0.42	%*
Continental Small Company Portfolio	0.42	%*
DFA International Real Estate Securities Portfolio	0.24	%
DFA Global Real Estate Securities Portfolio	0.20	%

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DFA International Small Cap Value Portfolio	0.50	%*
International Vector Equity Portfolio	0.37	%*
International High Relative Profitability Portfolio	0.25	%
World ex U.S. Value Portfolio	0.39	%*
World ex U.S. Core Equity Portfolio	0.26	%*
World Core Equity Portfolio	0.23	%*
Selectively Hedged Global Equity Portfolio	0.25	%*
Emerging Markets Portfolio	0.32	%*
Emerging Markets Small Cap Portfolio	0.55	%*
Emerging Markets Value Portfolio	0.42	%*
Emerging Markets Core Equity Portfolio	0.36	%*
Emerging Markets Targeted Value Portfolio	0.56	%*

* Effective as of February 28, 2021, the management fees payable by the following Portfolios were reduced as follows:

	Management Fee Prior to			Management Fee Effective
Portfolio	February 28, 2021			February 28, 2021
Large Cap International Portfolio		0.18	%		0.14	%
International Core Equity Portfolio		0.24	%		0.20	%
Global Small Company Portfolio		0.43	%		0.40	%
International Small Company Portfolio		0.38	%		0.30	%
Japanese Small Company Portfolio		0.47	%		0.40	%
Asia Pacific Small Company Portfolio		0.47	%		0.40	%
United Kingdom Small Company Portfolio		0.47	%		0.40	%
Continental Small Company Portfolio		0.47	%		0.40	%
DFA International Small Cap Value Portfolio		0.60	%		0.45	%
International Vector Equity Portfolio		0.42	%		0.35	%
World ex U.S. Value Portfolio		0.43	%		0.37	%
World ex U.S. Core Equity Portfolio		0.29	%		0.25	%
World Core Equity Portfolio		0.27	%		0.22	%
Selectively Hedged Global Equity Portfolio		0.28	%		0.24	%
Emerging Markets Portfolio		0.37	%		0.29	%
Emerging Markets Small Cap Portfolio		0.60	%		0.52	%
Emerging Markets Value Portfolio		0.45	%		0.41	%
Emerging Markets Core Equity Portfolio		0.42	%		0.33	%
Emerging Markets Targeted Value Portfolio		0.65	%		0.52	%

Pursuant to Amended and Restated Fee Waiver and/or Expense Assumption Agreements (each, a “Fee Waiver Agreement”), the Advisor has contractually agreed to waive certain fees, and in certain instances, assume certain expenses of the Portfolios, as described in the notes below. The Fee Waiver Agreements for the non-Feeder Funds, and a portion of the Fee Waiver Agreement for certain Feeder Funds below, will remain in effect through February 28, 2022, may only be terminated by the Fund’s Board of Directors prior to that date and shall continue in effect from year to year thereafter unless terminated by the Fund or the Advisor. The Fee Waiver Agreement with respect to the total management fees paid by the Feeder Funds, as described in the notes below, will remain in effect permanently, unless terminated by a Feeder Fund. During the year ended October 31, 2021, the Portfolios had expense limits based on a percentage of average net assets on an annualized basis, and the Advisor recovered previously waived fees and/or assumed expenses (amounts in thousands), as listed below. The net amount of waived fees/expenses assumed (recovered previously waived fees/expenses assumed) during the year ended October 31, 2021, and the previously waived fees/expenses assumed subject to future recovery by the Advisor as of October 31, 2021, are also reflected below (amounts in thousands). At any time that the Portfolio Expenses (defined below) of a class of a Portfolio are less than the applicable Expense Limitation Amount/Total Management Fee Limit listed below, the Advisor retains the right to recover fees previously waived and/or expenses previously assumed to the extent that the expense ratio following such recovery would be less than the Expense Limitation Amount/Total Management Fee

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Limit that was in place when such prior year fees were waived and/or expenses assumed, and less than the current Expense Limitation Amount/Total Management Fee Limit in place for the Portfolio. The Advisor, however, will not be reimbursed by a Feeder Portfolio in connection with its Permanent Fee Waiver. The Fund, on behalf of a Portfolio, is also not obligated to reimburse the Advisor for fees previously waived or expenses previously assumed by the Advisor more than thirty-six months before the date of recovery. With respect to the World ex U.S. Value Portfolio, World Core Equity Portfolio and Selectively Hedged Global Equity Portfolio, the Advisor shall also not be reimbursed for any management fees previously waived to offset a Portfolio’s proportionate share of the management fees paid by such Portfolio through its investment in other funds managed by the Advisor.

											Previously
							Recovery				Waived Fees/
	Expense			Total			of Previously		Waived Fees/		Expenses Assumed
	Limitation			Management			Waived Fees/		Expenses		Subject to Future
Institutional Class Shares	Amount			Fee Limit			Expenses Assumed		Assumed		Recovery
Large Cap International Portfolio (1)		0.24	%		—			—		—		—
International Core Equity Portfolio (1)		0.30	%		—		$	183		—		—
Global Small Company Portfolio (2)		0.47	%		—			31	$	221	$	530
International Small Company Portfolio (3)		0.45	%		—			—		—		—
Japanese Small Company Portfolio (4)		0.47	%		0.40	%		—		473		—
Asia Pacific Small Company Portfolio (4)		0.47	%		0.40	%		—		436		—
United Kingdom Small Company Portfolio (4)		0.47	%		0.40	%		57		54		42
Continental Small Company Portfolio (4)		0.47	%		0.40	%		—		769		—
DFA International Real Estate Securities Portfolio (1)		0.29	%		—			—		—		—
DFA Global Real Estate Securities Portfolio (5)		0.24	%		—			26		9,038		26,057
International Vector Equity Portfolio (1)		0.60	%		—			—		—		—
International High Relative Profitability Portfolio (2)		0.35	%		—			—		—		—
World ex U.S. Value Portfolio (6)		0.60	%		0.37	%		—		564		—
World ex U.S. Core Equity Portfolio (7)		0.39	%		—			—		—		—
World Core Equity Portfolio (8)		0.27	%		0.22	%		129		2,035		595
Selectively Hedged Global Equity Portfolio (9)		0.40	%		0.24	%		—		722		—
Emerging Markets Portfolio (10)		0.49	%		0.29	%		—		6,401		—
Emerging Markets Small Cap Portfolio (11)		—			0.52	%		—		10,859		—
Emerging Markets Value Portfolio (11)		—			0.41	%		—		14,397		—

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											Previously
							Recovery				Waived Fees/
	Expense			Total			of Previously		Waived Fees/		Expenses Assumed
	Limitation			Management			Waived Fees/		Expenses		Subject to Future
Institutional Class Shares	Amount			Fee Limit			Expenses Assumed		Assumed		Recovery
Emerging Markets Core Equity Portfolio (1)		0.54	%		—			—		—		—
Emerging Markets Targeted Value Portfolio (2)		0.85	%		—		$	135		—		—
Class R2 Shares
Emerging Markets Value Portfolio (12)		0.96	%		0.41	%		—	$	15		—

(1) The Advisor has contractually agreed to waive all or a portion of its management fee and assume each Portfolio’s ordinary operating expenses (excluding the expenses a Portfolio incurs indirectly through investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of each Portfolio to the rates listed above as a percentage of average net assets on an annualized basis (the “Expense Limitation Amount”). The Fee Waiver Agreement for the Large Cap International Portfolio became effective on January 1, 2017. In addition, prior to January 1, 2017, the Advisor had contractually agreed to waive all or a portion of its management fee and assume each of the International Core Equity Portfolio’s and Emerging Markets Core Equity Portfolio’s Portfolio Expenses to the extent necessary to limit the Portfolio Expenses of each such Portfolio to 0.49% and 0.85%, respectively, as a percentage of average net assets on an annualized basis.

(2) The Advisor has contractually agreed to waive all or a portion of its management fee and to assume the ordinary operating expenses of a class of the Portfolio (including the expenses that the Portfolio bears as a shareholder of other funds managed by the Advisor, excluding money market funds, but excluding the expenses that the Portfolio incurs indirectly through its investment in unaffiliated investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of a class of the Portfolio to the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”).

(3) The Advisor has contractually agreed to waive all or a portion of its management fee and to assume the other direct expenses of a class of the Portfolio (excluding expenses incurred through its investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of a class of the Portfolio to the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”).

(4) Effective February 28, 2021, the Advisor has contractually agreed to permanently waive all or a portion of the management fee of each Portfolio to the extent necessary to limit the total management fees paid to the Advisor by each Portfolio, including the proportionate share of the management fees a Portfolio pays indirectly through its investment in other funds managed by the Advisor, except for the fees paid indirectly through its investment of securities lending cash collateral in the Money Market Series, to 0.40% of the average net assets of a class of a Portfolio on an annualized basis (the “Permanent Fee Waiver”). From February 28, 2020 to February 27, 2021, the Permanent Fee Waiver Limit was 0.47%. From July 21, 2015 to February 27, 2020, the Permanent Fee Waiver Limit was 0.50%. In addition to the Permanent Fee Waiver, the Advisor has contractually agreed to further waive all or a portion of its management fee and to assume the other direct expenses of a class of each Portfolio (excluding expenses incurred through its investment in other investment companies managed by the Advisor) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of each class of a Portfolio to the rates listed above as a percentage of the average net assets of a class of a Portfolio on an annualized basis (the “Expense Limitation Amount”).

(5) The Advisor has contractually agreed to waive all or a portion of its management fee and to assume the expenses of the Portfolio (including the expenses that the Portfolio bears as a shareholder of its Master/Underlying Funds but excluding the expenses that the Portfolio incurs indirectly through investment of its securities lending cash collateral in the Money Market Series and its investment in unaffiliated investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of the Portfolio to the rate listed above as a percentage of the Portfolio’s average net assets on an annualized basis (the “Expense Limitation Amount”).

(6) Effective February 28, 2021, the Advisor has contractually agreed to waive up to the full amount of the Portfolio’s management fee of 0.37% to the extent necessary to offset the proportionate share of the management fees paid by the Portfolio through its investment in its Master/Underlying Funds, except for the fees paid through its investment of securities lending cash collateral in the Money Market Series (the Total Management Fee Limit ). From February 28, 2020 to February 27, 2021, the Total Management Fee Limit was 0.43%. Prior to February 28, 2020, the Total Management Fee Limit was 0.47%. In addition, under the Fee Waiver Agreement, the Advisor also has agreed to waive all or a portion of the management fee that remains payable by the Portfolio (i.e., the management fee remaining after the proportionate share of the Master/Underlying Funds’ management fees have been offset (the “Remaining Management Fee”)) to the extent necessary to reduce the Portfolio’s ordinary operating expenses (including expenses incurred through its investment in other investment companies but excluding the expenses that the Portfolio incurs indirectly through investment of its securities lending cash collateral in the Money Market Series) (“Portfolio Expenses”) to the rate listed above as a percentage of average net assets on an annualized basis (the “Expense Limitation Amount”). The maximum amount that may be waived to limit Portfolio Expenses is the amount of the Remaining Management Fee.

(7) The Advisor has contractually agreed to waive all or a portion of its management fee and to assume the expenses of a class of the Portfolio (including the expenses that the Portfolio bears as a shareholder of its Master/ Underlying Funds but excluding the expenses that the Portfolio incurs indirectly through its investment of its securities lending cash collateral in the Money Market Series and its investment in unaffiliated investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of a class of the Portfolio to the rate listed above as a percentage of average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”).

(8) Effective February 28, 2021, the Advisor has contractually agreed to waive up to the full amount of the Portfolio’s management fee of 0.22% to the extent necessary to offset the proportionate share of the management fees paid by the Portfolio through its investment in its Master/Underlying Funds, except for the fees paid through its investment of securities lending cash collateral in the Money Market Series

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(including the Portfolio’s proportionate share of any management fees that a Master/Underlying Fund paid through its investment in an affiliated cash management fund) (the “Total Management Fee Limit”). From February 28, 2020 to February 27, 2021, the Total Management Fee Limit was 0.27%. Prior to February 28, 2020, the Total Management Fee Limit was 0.30%. In addition, under the Fee Waiver Agreement, the Advisor has also agreed to assume the expenses of a class of the Portfolio to the extent necessary to reduce the ordinary operating expenses (including expenses incurred through its investment in other investment companies but excluding the expenses that the Portfolio incurs indirectly through investment of its securities lending cash collateral in the Money Market Series) (“Portfolio Expenses”) of a class of the Portfolio so that such Portfolio Expenses do not exceed the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”). From February 28, 2019 to February 27, 2021, the Expense Limitation Amount was 0.32% of the average net assets of such class of the Portfolio on an annualized basis. From June 27, 2014 to February 27, 2019, the Expense Limitation Amount was 0.35% of the average net assets of such class of the Portfolio on an annualized basis.

(9) Effective February 28, 2021, the Advisor has contractually agreed to waive up to the full amount of the Portfolio’s management fee of 0.24% to the extent necessary to offset the proportionate share of the management fees paid by the Portfolio through its investment in its Master/Underlying Funds, except for the fees paid through its investment of securities lending cash collateral in the Money Market Series (the “Total Management Fee Limit”). From February 28, 2020 to February 27, 2021, the Total Management Fee Limit was 0.28%. Prior to February 28, 2020, the Total Management Fee Limit was 0.30%. In addition, under the Fee Waiver Agreement, the Advisor has also agreed to waive all or a portion of the management fee and to assume the expenses of a class of the Portfolio to the extent necessary to reduce the ordinary operating expenses (including expenses incurred through its investment in other investment companies but excluding the expenses that the Portfolio incurs indirectly through investment of its securities lending cash collateral in the Money Market Series) (“Portfolio Expenses”) of the Portfolio to the rate listed above as a percentage of average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”).

(10) Effective February 28, 2021, the Advisor has contractually agreed to permanently waive all or a portion of the management fee of the Portfolio to the extent necessary to limit the total management fees paid to the Advisor by the Portfolio, including the proportionate share of the management fees the Portfolio pays indirectly through its investment in other funds managed by the Advisor, except for the fees paid indirectly through its investment of securities lending cash collateral in the Money Market Series, to 0.29% of the average net assets of a class of the Portfolio on an annualized basis (the “Permanent Fee Waiver”). From February 28, 2020 to February 27, 2021, the Permanent Fee Waiver Limit was 0.37%. From July 21, 2015 to February 27, 2020, the Permanent Fee Waiver Limit was 0.42%. Effective January 1, 2017, in addition to the Permanent Fee Waiver, the Advisor has contractually agreed to further waive all or a portion of its management fee and to assume the other direct expenses of a class of the Portfolio (excluding expenses incurred through its investment in other investment companies managed by the Advisor) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of each class of the Portfolio to the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”).

(11) Effective February 28, 2021, the Advisor has contractually agreed to permanently waive all or a portion of the management fee of each Portfolio to the extent necessary to limit the total management fees paid to the Advisor by a Portfolio, including the proportionate share of the management fees a Portfolio pays indirectly through its investment in other funds managed by the Advisor, except for the fees paid indirectly through its investment of securities lending cash collateral in The DFA Short Term Investment Fund (the “Money Market Series”), to the rate listed above as a percentage of the average net assets of a class of a Portfolio on an annualized basis (the “Permanent Fee Waiver”). From February 28, 2020 to February 27, 2021, the Permanent Fee Waiver Limits for the Emerging Markets Small Cap Portfolio and Emerging Markets Value Portfolio were 0.60% and 0.45%, respectively. From July 21, 2015 to February 27, 2020, the Permanent Fee Waiver Limits for the Emerging Markets Small Cap Portfolio and Emerging Markets Value Portfolio were 0.65% and 0.50%, respectively.

(12) Effective February 28, 2021, the Advisor has contractually agreed to permanently waive all or a portion of the management fee of the Portfolio to the extent necessary to limit the total management fees paid to the Advisor by the Portfolio, including the proportionate share of the management fees the Portfolio pays indirectly through its investment in other funds managed by the Advisor, except for the fees paid indirectly through its investment of securities lending cash collateral in the Money Market Series, to 0.41% of the average net assets of a class of the Portfolio on an annualized basis (the “Permanent Fee Waiver”). From February 28, 2020 to February 27, 2021, the Permanent Fee Waiver Limit was 0.45%. From July 21, 2015 to February 27, 2020, the Permanent Fee Waiver Limit was 0.50%. In addition to the Permanent Fee Waiver, the Advisor has contractually agreed to assume the direct expenses of the Class R2 shares of the Portfolio (excluding management fees and custodian fees) to the extent necessary to limit the annualized expenses of the Class R2 shares of the Portfolio (excluding the expenses the Portfolio incurs indirectly through investment in other investment companies) to the rate listed above as a percentage of the average net assets of the Class R2 shares of the Portfolio (the “Annualized Expense Ratio”).

Earned Income Credit:

Additionally, Portfolios have entered into arrangements with their custodian whereby net interest earned on uninvested cash balances was used to reduce a portion of the Portfolios’ custody expenses. Custody expense in the accompanying financial statements is presented before reduction for credits. The impact of such credits is generally less than one basis point of each Portfolio’s net assets. During the year ended October 31, 2021, expenses reduced were as follows (amounts in thousands):

	Fees Paid
	Indirectly
Large Cap International Portfolio	$	15
International Core Equity Portfolio		245
Global Small Company Portfolio		—
DFA International Real Estate Securities Portfolio		219
DFA Global Real Estate Securities Portfolio		3
DFA International Small Cap Value Portfolio		46

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	Fees Paid Indirectly
International Vector Equity Portfolio	$	5
International High Relative Profitability Portfolio		11
World ex U.S. Value Portfolio		—
World ex U.S. Core Equity Portfolio		9
Selectively Hedged Global Equity Portfolio		1
Emerging Markets Core Equity Portfolio		148
Emerging Markets Targeted Value Portfolio		2

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Directors of the Advisor are also Officers and Directors of the Fund; however, such Officers and Directors (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the year ended October 31, 2021, the total related amount paid by the Fund to the CCO was $133 (in thousands). The total related amounts paid by each of the Portfolios are included in Other Expenses on the Statements of Operations.

D. Deferred Compensation:

As of October 31, 2021, the total liability for deferred compensation to Directors is included in Accrued Expenses and Other Liabilities on the Statements of Assets and Liabilities as follows (amounts in thousands):

Large Cap International Portfolio	$	131
International Core Equity Portfolio		560
Global Small Company Portfolio		1
International Small Company Portfolio		349
Japanese Small Company Portfolio		15
Asia Pacific Small Company Portfolio		11
United Kingdom Small Company Portfolio		1
Continental Small Company Portfolio		12
DFA International Real Estate Securities Portfolio		113
DFA Global Real Estate Securities Portfolio		140
DFA International Small Cap Value Portfolio		443
International Vector Equity Portfolio		58
International High Relative Profitability Portfolio		15
World ex U.S. Value Portfolio		5
World ex U.S. Core Equity Portfolio		49
World Core Equity Portfolio		11
Selectively Hedged Global Equity Portfolio		6
Emerging Markets Portfolio		171
Emerging Markets Small Cap Portfolio		149
Emerging Markets Value Portfolio		575
Emerging Markets Core Equity Portfolio		562
Emerging Markets Targeted Value Portfolio		2

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E. Purchases and Sales of Securities:

For the year ended October 31, 2021, the Portfolios’ transactions related to investment securities, other than short-term securities, in-kind redemptions and U.S. government securities (amounts in thousands), were as follows:

	Purchases		Sales
Large Cap International Portfolio	$	760,745	$	920,316
International Core Equity Portfolio	$	3,297,695	$	2,389,163
DFA International Real Estate Securities Portfolio	$	479,799	$	465,185
DFA Global Real Estate Securities Portfolio	$	444,129	$	44,271
DFA International Small Cap Value Portfolio	$	1,790,234	$	2,589,583
International Vector Equity Portfolio	$	504,971	$	561,230
International High Relative Profitability Portfolio	$	557,166	$	286,057
World ex U.S. Core Equity Portfolio	$	224,877	$	367,855
Emerging Markets Core Equity Portfolio	$	2,983,183	$	4,376,483
Emerging Markets Targeted Value Portfolio	$	68,912	$	65,297

There were no purchases or sales of long-term U.S. government securities.

For the year ended October 31, 2021, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.

The amounts presented below may differ from the respective amounts presented in the corresponding Schedule of Investments/Summary Schedule of Portfolio Holdings, Statements of Assets and Liabilities or Statements of Operations due to rounding. The amounts are as follows (amounts in thousands):

	Balance at October 31, 2020		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales			Change in Unrealized Appreciation/ Depreciation			Balance at October 31, 2021		Shares as of October 31, 2021		Dividend Income		Capital Gain Distributions
Large Cap International Portfolio
The DFA Short Term Investment Fund	$	174,366	$	1,590,749	$	1,463,971	$	(10	)	$	(9	)	$	301,125		26,026	$	147		—
Total	$	174,366	$	1,590,749	$	1,463,971	$	(10	)	$	(9	)	$	301,125		26,026	$	147		—
International Core Equity Portfolio
The DFA Short Term Investment Fund	$	1,094,988	$	6,232,681	$	5,732,569	$	(21	)	$	(71	)	$	1,595,008		137,857	$	901		—
Total	$	1,094,988	$	6,232,681	$	5,732,569	$	(21	)	$	(71	)	$	1,595,008		137,857	$	901		—
Global Small Company Portfolio
U.S. Small Cap Portfolio	$	24,896	$	23,482	$	4,842	$	336		$	14,525		$	58,397		1,204	$	505		—
Total	$	24,896	$	23,482	$	4,842	$	336		$	14,525		$	58,397		1,204	$	505		—
DFA International Real Estate Securities Portfolio
The DFA Short Term Investment Fund	$	379,347	$	3,575,577	$	3,644,333	$	(43	)	$	(2	)	$	310,546		26,841	$	197		—
Total	$	379,347	$	3,575,577	$	3,644,333	$	(43	)	$	(2	)	$	310,546		26,841	$	197		—

136

	Balance at October 31, 2020		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales			Change in Unrealized Appreciation/ Depreciation			Balance at October 31, 2021		Shares as of October 31, 2021		Dividend Income		Capital Gain Distributions
DFA Global Real Estate Securities Portfolio
DFA International Real Estate Securities Portfolio	$	2,587,797	$	364,344	$	151,100	$	(26,491	)	$	892,154		$	3,666,704		727,521		—		—
DFA Real Estate Securities Portfolio		720,976		—		174,066		87,490			205,211			839,611		17,170	$	21,150	$	1,045
The DFA Short Term Investment Fund		72,156		789,441		644,538		(7	)		(7	)		217,045		18,759		64		—
Total	$	3,380,929	$	1,153,785	$	969,704	$	60,992		$	1,097,358		$	4,723,360		763,450	$	21,214	$	1,045
DFA International Small Cap Value Portfolio
The DFA Short Term Investment Fund	$	419,762	$	1,651,783	$	1,687,928	$	(1	)	$	(25	)	$	383,591		33,154	$	241		—
Total	$	419,762	$	1,651,783	$	1,687,928	$	(1	)	$	(25	)	$	383,591		33,154	$	241		—
International Vector Equity Portfolio
The DFA Short Term Investment Fund	$	123,777	$	653,553	$	634,327	$	(7	)	$	(8	)	$	142,988		12,359	$	94		—
Total	$	123,777	$	653,553	$	634,327	$	(7	)	$	(8	)	$	142,988		12,359	$	94		—
International High Relative Profitability Portfolio
The DFA Short Term Investment Fund	$	48,097	$	751,910	$	703,703	$	(6	)	$	(2	)	$	96,296		8,323		—		—
Total	$	48,097	$	751,910	$	703,703	$	(6	)	$	(2	)	$	96,296		8,323		—		—
World ex U.S. Value Portfolio
DFA International Small Cap Value Portfolio	$	18,901	$	7,152	$	6,799	$	252		$	7,908		$	27,414		1,238	$	549		—
Total	$	18,901	$	7,152	$	6,799	$	252		$	7,908		$	27,414		1,238	$	549		—
World ex U.S. Core Equity Portfolio
The DFA Short Term Investment Fund	$	119,096	$	626,628	$	601,163	$	(2	)	$	(5	)	$	144,554		12,494	$	87		—
Total	$	119,096	$	626,628	$	601,163	$	(2	)	$	(5	)	$	144,554		12,494	$	87		—

137

	Balance at October 31, 2020		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales			Change in Unrealized Appreciation/ Depreciation			Balance at October 31, 2021		Shares as of October 31, 2021		Dividend Income		Capital Gain Distributions
World Core Equity Portfolio
U.S. Core Equity 1 Portfolio	$	436,142	$	78,579	$	60,974	$	8,638		$	180,788		$	643,173		17,743	$	7,321		—
International Core Equity Portfolio		230,682		45,577		41,748		1,241			79,766			315,518		19,310		7,024		—
Emerging Markets Core Equity Portfolio		102,184		20,360		15,550		673			23,393			131,060		5,209		2,586		—
Total	$	769,008	$	144,516	$	118,272	$	10,552		$	283,947		$	1,089,751		42,262	$	16,931		—
Selectively Hedged Global Equity Portfolio
U.S. Core Equity 2 Portfolio	$	147,786	$	14,404	$	37,969	$	9,881		$	53,077		$	187,179		5,645	$	2,172		—
International Core Equity Portfolio		79,764		9,174		22,426		3,250			24,158			93,920		5,748		2,181		—
Emerging Markets Core Equity Portfolio		57,734		10,596		19,407		2,480			11,453			62,856		2,498		1,285		—
Total	$	285,284	$	34,174	$	79,802	$	15,611		$	88,688		$	343,955		13,891	$	5,638		—
Emerging Markets Core Equity Portfolio
The DFA Short Term Investment Fund	$	447,352	$	2,246,309	$	2,168,935	$	(14	)	$	(32	)	$	524,680		45,348	$	353		—
Total	$	447,352	$	2,246,309	$	2,168,935	$	(14	)	$	(32	)	$	524,680		45,348	$	353		—
Emerging Markets Targeted Value Portfolio
The DFA Short Term Investment Fund	$	2,037	$	23,447	$	22,414		—			—		$	3,070		265		—		—
Total	$	2,037	$	23,447	$	22,414		—			—		$	3,070		265		—		—

F. Federal Income Taxes:

Each Portfolio has qualified and intends to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code for federal income tax purposes and to distribute substantially all of its taxable income and net capital gains to its shareholders. Accordingly, no provision has been made for federal income taxes.

Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined under accounting principles generally accepted in the United States of America. These book/tax differences are either temporary or permanent in nature. To the extent that these differences are permanent, they are charged or credited to paid-in capital or distributable earnings as appropriate, in the period that the differences arise. Accordingly, the permanent differences as of October 31, 2021, can occur as a result of realized gains on securities considered to be “passive foreign investment companies,” non-deductible expenses, realized foreign capital gains tax, the use of accumulated earnings and profits distributed to shareholders on redemptions of shares as part of the dividends paid deduction for income tax purposes, net foreign currency gains/losses, distributions received from real estate investment trusts and distribution redesignations, and were reclassified to the accounts mentioned above. These reclassifications had no effect on net assets or net asset value per share.

138

The tax character of dividends and distributions declared and paid during the years ended October 31, 2020, and October 31, 2021, were as follows (amounts in thousands):

	Net Investment Income and Short-Term Capital Gains		Long-Term Capital Gains		Tax Exempt Income		Total
Large Cap International Portfolio
2020	$	119,035		—		—	$	119,035
2021		144,492		—		—		144,492
International Core Equity Portfolio
2020		616,813		—		—		616,813
2021		761,635		—		—		761,635
Global Small Company Portfolio
2020		627		—		—		627
2021		727		—		—		727
International Small Company Portfolio
2020		251,539	$	278,423		—		529,962
2021		220,133		—		—		220,133
Japanese Small Company Portfolio
2020		14,224		9,019		—		23,243
2021		10,581		—		—		10,581
Asia Pacific Small Company Portfolio
2020		14,178		—		—		14,178
2021		12,808		—		—		12,808
United Kingdom Small Company Portfolio
2020		969		1,478		—		2,447
2021		588		—		—		588
Continental Small Company Portfolio
2020		8,902		—		—		8,902
2021		13,462		—		—		13,462
DFA International Real Estate Securities Portfolio
2020		717,271		—		—		717,271
2021		—		—		—		—
DFA Global Real Estate Securities Portfolio
2020		509,001		90,019		—		599,020
2021		153,865		33,088		—		186,953
DFA International Small Cap Value Portfolio
2020		224,481		206,468		—		430,949
2021		258,254		—		—		258,254
International Vector Equity Portfolio
2020		57,641		—		—		57,641
2021		74,200		—		—		74,200
International High Relative Profitability Portfolio
2020		18,018		—		—		18,018
2021		43,180		—		—		43,180

139

	Net Investment Income and Short-Term Capital Gains		Long-Term Capital Gains		Tax Exempt Income		Total
World ex U.S. Value Portfolio
2020	$	6,579		—		—	$	6,579
2021		8,755		—		—		8,755
World ex U.S. Core Equity Portfolio
2020		75,535		—		—		75,535
2021		98,429		—		—		98,429
World Core Equity Portfolio
2020		14,888	$	1,549		—		16,437
2021		16,210		—		—		16,210
Selectively Hedged Global Equity Portfolio
2020		9,635		—		—		9,635
2021		3,648		3,286		—		6,934
Emerging Markets Portfolio
2020		118,156		—		—		118,156
2021		122,695		—		—		122,695
Emerging Markets Small Cap Portfolio
2020		129,179		41,749		—		170,928
2021		128,503		—		—		128,503
Emerging Markets Value Portfolio
2020		442,052		—		—		442,052
2021		382,292		—		—		382,292
Emerging Markets Core Equity Portfolio
2020		585,760		—		—		585,760
2021		590,306		—		—		590,306
Emerging Markets Targeted Value Portfolio
2020		3,854		21		—		3,875
2021		4,500		—		—		4,500

As of October 31, 2021, the following net investment income and short-term capital gains and long-term capital gains distributions designated for federal income tax purposes are due to the use of accumulated earnings and profits distributed to shareholders upon redemption of shares (amounts in thousands):

	Net Investment Income and Short-Term Capital Gains			Long-Term Capital Gains			Total
Large Cap International Portfolio	$	(6,059	)		—		$	(6,059	)
International Core Equity Portfolio		(40,609	)		—			(40,609	)
Global Small Company Portfolio		(165	)	$	(59	)		(224	)
International Small Company Portfolio		(43,307	)		(45,638	)		(88,945	)
Japanese Small Company Portfolio		(1,060	)		(1,545	)		(2,605	)
Asia Pacific Small Company Portfolio		(1,655	)		(2,324	)		(3,979	)
United Kingdom Small Company Portfolio		(111	)		(88	)		(199	)
Continental Small Company Portfolio		(356	)		—			(356	)
DFA International Real Estate Securities Portfolio		(6,036	)		—			(6,036	)

140

	Net Investment Income and Short-Term Capital Gains			Long-Term Capital Gains			Total
DFA Global Real Estate Securities Portfolio	$	(8,798	)		—		$	(8,798	)
DFA International Small Cap Value Portfolio		(32,335	)		—			(32,335	)
International Vector Equity Portfolio		(8,670	)		—			(8,670	)
International High Relative Profitability Portfolio		(2,917	)		—			(2,917	)
World ex U.S. Value Portfolio		—			—			—
World ex U.S. Core Equity Portfolio		(4,928	)		—			(4,928	)
World Core Equity Portfolio		(300	)	$	(797	)		(1,097	)
Selectively Hedged Global Equity Portfolio		(740	)		(1,080	)		(1,820	)
Emerging Markets Portfolio		(14,565	)		(31,396	)		(45,961	)
Emerging Markets Small Cap Portfolio		(23,056	)		(15,794	)		(38,850	)
Emerging Markets Value Portfolio		(51,755	)		—			(51,755	)
Emerging Markets Core Equity Portfolio		(47,544	)		—			(47,544	)
Emerging Markets Targeted Value Portfolio		(1,223	)		(2,056	)		(3,279	)

As of October 31, 2021, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):

	Undistributed Net Investment Income and Short-Term Capital Gains		Undistributed Long-Term Capital Gains		Capital Loss Carryforwards			Unrealized Appreciation (Depreciation)		Total Net Distributable Earnings (Accumulated Losses)
Large Cap International Portfolio	$	40,692		—	$	(384,020	)	$	2,009,082	$	1,665,754
International Core Equity Portfolio		306,366		—		(1,265,730	)		9,065,458		8,106,094
Global Small Company Portfolio		1,302	$	1,952		—			19,576		22,830
International Small Company Portfolio		306,340		367,879		—			2,939,662		3,613,881
Japanese Small Company Portfolio		8,625		9,423		—			71,540		89,588
Asia Pacific Small Company Portfolio		13,486		26,996		—			46,304		86,786
United Kingdom Small Company Portfolio		609		742		—			4,745		6,096
Continental Small Company Portfolio		10,051		13,197		—			230,638		253,886
DFA International Real Estate Securities Portfolio		448,351		—		(537,282	)		12,844		(76,087	)
DFA Global Real Estate Securities Portfolio		50,047		96,158		—			2,417,397		2,563,602
DFA International Small Cap Value Portfolio		284,171		38,835		—			2,128,251		2,451,257
International Vector Equity Portfolio		39,502		68,984		—			943,294		1,051,780
International High Relative Profitability Portfolio		10,940		10,953		—			489,184		511,077
World ex U.S. Value Portfolio		3,321		—		(9,885	)		45,894		39,330
World ex U.S. Core Equity Portfolio		23,587		—		(100,475	)		978,330		901,442
World Core Equity Portfolio		—		8,329		—			385,030		393,359
Selectively Hedged Global Equity Portfolio		5,390		13,787		—			148,706		167,883
Emerging Markets Portfolio		21,567		214,849		—			2,444,325		2,680,741
Emerging Markets Small Cap Portfolio		155,079		93,645		—			1,020,899		1,269,623

141

	Undistributed Net Investment Income and Short-Term Capital Gains		Undistributed Long-Term Capital Gains		Capital Loss Carryforwards			Unrealized Appreciation (Depreciation)		Total Net Distributable Earnings (Accumulated Losses)
Emerging Markets Value Portfolio	$	181,485		—	$	(1,710,597	)	$	2,636,910	$	1,107,798
Emerging Markets Core Equity Portfolio		182,437		—		(2,148,189	)		8,909,426		6,943,674
Emerging Markets Targeted Value Portfolio		10,796	$	10,941		—			42,666		64,403

For federal income tax purposes, the Fund measures its capital loss carryforwards annually at October 31, its fiscal year end. Capital loss carryforwards may be carried forward and applied against future capital gains. As of October 31, 2021, the Portfolios had the following capital loss carryforwards available to offset future realized capital gains with no expiration date (amounts in thousands):

	Unlimited		Total
Large Cap International Portfolio	$	384,020	$	384,020
International Core Equity Portfolio		1,265,730		1,265,730
Global Small Company Portfolio		—		—
International Small Company Portfolio		—		—
Japanese Small Company Portfolio		—		—
Asia Pacific Small Company Portfolio		—		—
United Kingdom Small Company Portfolio		—		—
Continental Small Company Portfolio		—		—
DFA International Real Estate Securities Portfolio		537,282		537,282
DFA Global Real Estate Securities Portfolio		—		—
DFA International Small Cap Value Portfolio		—		—
International Vector Equity Portfolio		—		—
International High Relative Profitability Portfolio		—		—
World ex U.S. Value Portfolio		9,885		9,885
World ex U.S. Core Equity Portfolio		100,475		100,475
World Core Equity Portfolio		—		—
Selectively Hedged Global Equity Portfolio		—		—
Emerging Markets Portfolio		—		—
Emerging Markets Small Cap Portfolio		—		—
Emerging Markets Value Portfolio		1,710,597		1,710,597
Emerging Markets Core Equity Portfolio		2,148,189		2,148,189
Emerging Markets Targeted Value Portfolio		—		—

During the year ended October 31, 2021, the following Portfolios used the following capital loss carryforwards to offset realized capital gains for federal income tax purposes (amounts in thousands):

Large Cap International Portfolio	$	101,782
International Core Equity Portfolio		272,686
Global Small Company Portfolio		254
International Small Company Portfolio		311,522
Japanese Small Company Portfolio		4,708
Asia Pacific Small Company Portfolio		17,670
United Kingdom Small Company Portfolio		55

142

Continental Small Company Portfolio	$	27,023
DFA International Small Cap Value Portfolio		427,289
International Vector Equity Portfolio		117,093
International High Relative Profitability Portfolio		26,305
World ex U.S. Value Portfolio		7,883
World ex U.S. Core Equity Portfolio		29,244
World Core Equity Portfolio		1,459
Emerging Markets Portfolio		149,571
Emerging Markets Small Cap Portfolio		395,108
Emerging Markets Value Portfolio		637,239
Emerging Markets Core Equity Portfolio		591,832

As of October 31, 2021, the total cost and aggregate gross unrealized appreciation (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes, as follows (amounts in thousands):

	Federal Tax Cost		Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
Large Cap International Portfolio	$	4,242,557	$	2,159,880	$	(150,672	)	$	2,009,208
International Core Equity Portfolio		26,675,979		11,314,807		(2,252,592	)		9,062,215
Global Small Company Portfolio		80,911		18,156		—			18,156
International Small Company Portfolio		10,531,261		2,939,914		—			2,939,914
Japanese Small Company Portfolio		308,348		71,613		—			71,613
Asia Pacific Small Company Portfolio		335,341		46,308		—			46,308
United Kingdom Small Company Portfolio		39,419		8,087		(3,346	)		4,741
Continental Small Company Portfolio		532,505		230,638		—			230,638
DFA International Real Estate Securities Portfolio		6,194,326		713,130		(699,671	)		13,459
DFA Global Real Estate Securities Portfolio		8,328,063		2,648,735		(231,337	)		2,417,398
DFA International Small Cap Value Portfolio		10,858,361		3,179,833		(1,052,322	)		2,127,511
International Vector Equity Portfolio		2,874,292		1,143,997		(200,605	)		943,392
International High Relative Profitability Portfolio		1,781,068		535,677		(46,497	)		489,180
World ex U.S. Value Portfolio		262,198		46,383		—			46,383
World ex U.S. Core Equity Portfolio		3,203,619		1,289,404		(308,898	)		980,506
World Core Equity Portfolio		704,721		385,030		—			385,030
Selectively Hedged Global Equity Portfolio		195,268		148,706		—			148,706
Emerging Markets Portfolio		3,739,638		2,490,152		—			2,490,152
Emerging Markets Small Cap Portfolio		4,058,588		1,058,119		—			1,058,119
Emerging Markets Value Portfolio		10,486,707		2,707,721		—			2,707,721
Emerging Markets Core Equity Portfolio		20,475,039		11,573,568		(2,498,617	)		9,074,951
Emerging Markets Targeted Value Portfolio		192,272		55,915		(11,757	)		44,158

The difference between GAAP-basis and tax-basis unrealized gains (losses) can occur as a result of wash sales and net mark to market gains (losses) on regulated futures contracts, net mark-to-market gain/loss on foreign currency contracts, and differences in the tax treatment of passive foreign investment company investments.

ASC 740 Accounting for Uncertainty in Income Taxes sets forth a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Management has analyzed the Portfolios’ tax positions and has concluded that no additional provision for income tax is required in the Portfolios’ financial statements. The Portfolios are not aware of any tax positions for which it is more likely than not that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Portfolios’ federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

143

G. Capital Share Transactions:

The capital share transactions by class were as follows (amounts in thousands):

	Year Ended						Year Ended
	October 31, 2021						October 31, 2020
	Amount			Shares			Amount			Shares
Emerging Markets Value Portfolio
Class R2 Shares
Shares Issued	$	1,397			45		$	3,669			151
Shares Issued in Lieu of Cash Distributions		349			12			570			22
Shares Redeemed		(4,468	)		(148	)		(16,724	)		(717	)
Net Increase (Decrease) — Class R2 Shares	$	(2,722	)		(91	)	$	(12,485	)		(544	)
Institutional Class Shares
Shares Issued	$	1,801,928			58,072		$	3,019,595			131,537
Shares Issued in Lieu of Cash Distributions		368,063			12,127			425,160			16,845
Shares Redeemed		(5,470,382	)		(175,490	)		(5,831,173	)		(249,652	)
Net Increase (Decrease) — Institutional Class Shares	$	(3,300,391	)		(105,291	)	$	(2,386,418	)		(101,270	)

H. Financial Instruments:

In accordance with the Portfolios’ investment objectives and policies, the Portfolios may invest either directly or indirectly (through their investments in corresponding Master/Underlying Funds), 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:

1. Foreign Market Risks: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States of America. Consequently, acquisition and disposition of international securities held by the Portfolios may be inhibited.

Portfolios that have significant exposure to certain countries, such as the United Kingdom Small Company Portfolio’s Master Fund that concentrates investments in the United Kingdom, can be expected to be impacted by the political and economic conditions within such countries. For example, there is continuing uncertainty around the future of the euro and the European Union (EU) following the United Kingdom’s (UK) exit from the EU (referred to as “Brexit”). Brexit may cause greater market volatility and illiquidity, currency fluctuations, deterioration in economic activity, a decrease in business confidence, and increased likelihood of a recession in the UK. While it is not possible to determine the precise impact these events may have on the Portfolios, during this period and beyond, the impact on the UK, EU countries, other countries or parties that transact with the UK and EU, and the broader global economy could be significant and could adversely affect the value and liquidity of the Portfolios’ investments.

Derivative Financial Instruments:

Summarized below are the specific types of derivative instruments used by the Portfolios.

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2. Forward Currency Contracts: The Portfolios listed below may acquire and sell forward currency contracts to hedge against adverse changes in the relationship of the U.S. dollar to foreign currencies (foreign exchange rate risk) or to transfer balances from one currency to another currency. The Selectively Hedged Global Equity Portfolio may hedge some or all of the currency exposure of its foreign securities by entering into forward currency contracts. The decision to hedge the Selectively Hedged Global Equity Portfolio’s currency exposure with respect to a foreign market will be based primarily on the Portfolio’s existing exposure to a given foreign currency. Each contract is valued daily and the change in value is recorded by the Portfolio as an unrealized gain or loss, which is presented in the Statements of Operations as the change in unrealized appreciation or depreciation of forward currency contracts. When the contract is closed or offset with the same counterparty, the Portfolio records a realized gain or loss equal to the change in the value of the contract when it was opened and the value at the time it was closed or offset. This is presented in the Statements of Operations as a net realized gain or loss on forward currency contracts. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currency relative to the U.S. dollar.

3. Futures Contracts: Each Portfolio listed below 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 Portfolio. The Selectively Hedged Global Equity Portfolio may also use futures contracts to hedge some or all of the currency exposure of its foreign securities. Upon entering into a futures contract, the Portfolios deposit cash or pledge 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, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Portfolio could lose more than the initial margin requirements. The Portfolios entering into stock index futures are subject 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.

Securities have been segregated as collateral for open futures contracts.

The average volume (based on the open positions at each fiscal month-end) of derivative activity for the year ended October 31, 2021 was as follows (amounts in thousands):

	Forward Currency Contracts*		Futures**
Large Cap International Portfolio	$	—	$	48,340
International Core Equity Portfolio		—		266,565
Global Small Company Portfolio		—		146
International Small Company Portfolio		—		86,184
DFA International Real Estate Securities Portfolio		—		39,583
DFA International Small Cap Value Portfolio		—		115,129
International Vector Equity Portfolio		—		1,640
International High Relative Profitability Portfolio		—		4,911
World ex U.S. Core Equity Portfolio		—		28,420
Selectively Hedged Global Equity Portfolio		107,658		4,064
Emerging Markets Core Equity Portfolio		—		226,591

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	Forward Currency Contracts*		Futures**
Emerging Markets Targeted Value Portfolio	$	—	$	1,700

* Average amount of Currency Purchased/Sold in USD

** Average Notional Value of futures contracts

The following is a summary of the Portfolios’ derivative instrument holdings categorized by primary risk exposure as of October 31, 2021 (amounts in thousands):

	Asset Derivatives Value
	Total Value at October 31, 2021		Forward Currency Contracts (1)		Equity Contracts*,(2)
Large Cap International Portfolio	$	1,633		—	$	1,633
International Core Equity Portfolio		9,003		—		9,003
International Small Company Portfolio		2,141		—		2,141
DFA International Real Estate Securities Portfolio		1,410		—		1,410
DFA International Small Cap Value Portfolio		4,502		—		4,502
International Vector Equity Portfolio		826		—		826
World ex U.S. Core Equity Portfolio		1,034		—		1,034
Selectively Hedged Global Equity Portfolio		838	$	736		102
Emerging Markets Core Equity Portfolio		8,055		—		8,055
Emerging Markets Targeted Value Portfolio		54		—		54

	Liability Derivatives Value
	Total Value			Forward
	at			Currency
	October 31, 2021			Contracts (3)
Selectively Hedged Global Equity Portfolio	$	(389	)	$	(389	)

(1) Presented on Statements of Assets and Liabilities as Unrealized Gain on Forward Currency Contracts.

(2) Presented on Statements of Assets and Liabilities as Receivables or Payables: Futures Margin Variation.

(3) Presented on Statements of Assets and Liabilities as Unrealized Loss on Forward Currency Contracts.

* Includes cumulative appreciation (depreciation) of futures contracts. Only current day’s margin variation is reported within the Statements of Assets and Liabilities.

The following is a summary of the realized and change in unrealized gains and losses from the Portfolios’ derivative instrument holdings categorized by primary risk exposure for the year ended October 31, 2021 (amounts in thousands):

	Realized Gain (Loss) on
	Derivatives
			Forward
			Currency		Equity
	Total		Contracts (1)		Contracts (2)
Large Cap International Portfolio	$	14,606		—	$	14,606
International Core Equity Portfolio		79,338		—		79,338

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	Realized Gain (Loss) on
	Derivatives
	Total			Forward Currency Contracts (1)		Equity Contracts (2)
Global Small Company Portfolio	$	35			—	$	35	*
International Small Company Portfolio		26,350			—		26,350
DFA International Real Estate Securities Portfolio		13,260			—		13,260
DFA Global Real Estate Securities Portfolio		1,671			—		1,671	*
DFA International Small Cap Value Portfolio		26,234			—		26,234
International Vector Equity Portfolio		(437	)		—		(437	)
International High Relative Profitability Portfolio		2,062			—		2,062
World ex U.S. Core Equity Portfolio		8,882			—		8,882
World Core Equity Portfolio		(18	)		—		(18	)*
Selectively Hedged Global Equity Portfolio		1,941		$	694		1,247
Emerging Markets Core Equity Portfolio		67,395			—		67,395
Emerging Markets Targeted Value Portfolio		348			—		348

	Change in Unrealized Appreciation (Depreciation) on Derivatives
	Total		Forward Currency Contracts (3)		Equity Contracts (4)
Large Cap International Portfolio	$	2,380		—	$	2,380
International Core Equity Portfolio		10,863		—		10,863
International Small Company Portfolio		3,416		—		3,416
DFA International Real Estate Securities Portfolio		3,086		—		3,086
DFA International Small Cap Value Portfolio		9,695		—		9,695
International Vector Equity Portfolio		826		—		826
International High Relative Profitability Portfolio		145		—		145
World ex U.S. Core Equity Portfolio		1,632		—		1,632
Selectively Hedged Global Equity Portfolio		317	$	121		196
Emerging Markets Core Equity Portfolio		15,950		—		15,950
Emerging Markets Targeted Value Portfolio		67		—		67

(1) Presented on Statements of Operations as Net Realized Gain (Loss) on: Forward Currency Contracts.

(2) Presented on Statements of Operations as Net Realized Gain (Loss) on: Futures.

(3) Presented on Statements of Operations as Change in Unrealized Appreciation (Depreciation) of: Forward Currency Contracts.

(4) Presented on Statements of Operations as Change in Unrealized Appreciation (Depreciation) of: Futures.

* As of October 31, 2021, there were no futures contracts outstanding. During the year ended October 31, 2021, the Portfolio had limited activity in futures contracts.

Offsetting of Derivative Assets and Derivative Liabilities

In order to better define its contractual rights and to secure rights that will help a Portfolio mitigate its counterparty risk, the Fund on behalf of applicable Portfolios entered into an International Swaps and Derivatives Association, Inc. Master Agreement (ISDA Master Agreement) or a similar agreement with certain of its derivative contract counterparties. An ISDA Master Agreement is a bilateral agreement between the Fund, on behalf of a Portfolio, and a counterparty that governs over-the-counter (OTC) derivatives and forward currency contracts and

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typically contains, among other things, provisions in the event of a default and/or termination event and may also include collateral posting items. Under an ISDA Master Agreement, a Portfolio may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and/or receivables with collateral held and/or posted, if any, and create one single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out), including the bankruptcy or insolvency of the counterparty. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset in bankruptcy, insolvency, or other events.

For financial reporting purposes, the Portfolios do not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statements of Assets and Liabilities.

The following table presents the Portfolios’ gross and net amount of assets and liabilities available for offset under netting arrangements as well as any related collateral received or pledged by the Portfolios as of October 31, 2021 (amounts in thousands):

	Gross Amounts of Recognized Assets (a)		Net Amounts of Assets Presented in the Statements of Assets and Liabilities		Gross Amounts Not Offset in the Statements of Assets and Liabilities					Net Amount (c)		Gross Amounts of Recognized Liabilities (a)		Net Amounts of Liabilities Presented in the Statements of Assets and Liabilities		Gross Amounts Not Offset in the Statements of Assets and Liabilities					Net Amount (e)
Description					Financial Instruments (b)			Cash Collateral Received								Financial Instruments (d)			Cash Collateral Pledged
	Assets											Liabilities
Selectively Hedged Global Equity Portfolio
UBSAG		—		—		—			—		—	$	11	$	11		—			—	$	11
Citibank NA		—		—		—			—		—		29		29		—			—		29
Bank of America Corp.	$	535	$	535		—			—	$	535		—		—		—			—		—
State Street Bank and Trust		167		167	$	(1	)		—		166		1		1	$	(1	)		—		—
HSBC Bank		—		—		—			—		—		267		267		—			—		267
Goldman Sachs International		15		15		—			—		15		—		—		—			—		—
Barclays Capital		—		—		—			—		—		23		23		—			—		23
Australia & New Zealand Banking Group Ltd.		—		—		—			—		—		56		56		—			—		56
JP Morgan		17		17		—			—		17		—		—		—			—		—
Morgan Stanley and Co. International		2		2		(2	)		—		—		2		2		(2	)		—		—
Total	$	736	$	736	$	(3	)		—	$	733	$	389	$	389	$	(3	)		—	$	386

(a) No amounts have been netted against the gross amounts recognized in the Statements of Assets and Liabilities.

(b) Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar agreements that management elects not to offset on the Statements of Assets and Liabilities.

(c) Represents the net amount due from counterparties in the event of default.

(d) Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar agreements that management elects not to offset on the Statements of Assets and Liabilities.

(e) Represents the net amount due to counterparties in the event of default.

I. Line of Credit and Interfund Lending Program:

The Fund, together with other Dimensional-advised portfolios, has entered into a $500 million uncommitted, unsecured discretionary line of credit effective April 7, 2021, with its domestic custodian bank. A line of credit with similar terms was in effect through April 7, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $500 million in the aggregate. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The agreement for the line of credit expires on April 6, 2022.

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The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 2, 2021. A line of credit with similar terms was in effect through January 2, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The line of credit agreement expires on January 1, 2022.

For the year ended October 31, 2021, borrowings by the following Portfolios under the lines of credit were as follows (amounts in thousands, except percentages and days):

	Weighted Average Interest Rate			Weighted Average Loan Balance		Number of Days Outstanding*		Interest Expense Incurred		Maximum Amount Borrowed During the Period		Outstanding Borrowings as of 10/31/2021
Large Cap International Portfolio		0.83	%	$	2,206		10	$	1	$	16,289		—
Global Small Company Portfolio		0.83	%		258		35		—		2,031		—
International Small Company Portfolio		0.83	%		4,651		5		1		15,443		—
DFA International Real Estate Securities Portfolio		0.84	%		2,495		14		1		14,265		—
DFA Global Real Estate Securities Portfolio		0.83	%		4,695		9		1		11,900		—
DFA International Small Cap Value Portfolio		0.83	%		5,235		9		1		11,048		—
International Vector Equity Portfolio		0.83	%		1,137		13		—		7,344		—
International High Relative Profitability Portfolio		0.81	%		19,903		1		—		19,903		—
World ex U.S. Value Portfolio		0.83	%		638		41		1		9,903		—
World ex U.S. Core Equity Portfolio		0.83	%		2,422		14		1		7,282		—
World Core Equity Portfolio		0.83	%		897		55		1		6,573	$	142
Selectively Hedged Global Equity Portfolio		0.83	%		4,360		2		—		4,401		—
Emerging Markets Core Equity Portfolio		0.84	%		11,679		2		1		22,991		—
Emerging Markets Targeted Value Portfolio		0.84	%		4,266		16		2		7,233		—

* Number of Days Outstanding represents the total of single or consecutive days during the year ended October 31, 2021, that each Portfolio’s available line of credit was used.

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Pursuant to an exemptive order issued by the SEC (the “Order”), the Portfolios may participate in an interfund lending program among certain portfolios managed by the Advisor (portfolios that operate as feeder funds do not participate in the program). The program allows the participating portfolios to borrow money from and loan money to each other for temporary or emergency purposes, subject to the conditions in the Order. A loan can only be made through the program if the interfund loan rate on that day is more favorable to both the borrowing and lending portfolios as compared to rates available through short-term bank loans or investments in overnight repurchase agreements and money market funds, respectively, as detailed in the Order. Further, a portfolio may participate in the program only if and to the extent that such participation is consistent with its investment objectives and limitations. Interfund loans have a maximum duration of seven days and may be called on one business day’s notice.

For the year ended October 31, 2021, activity by the Portfolios under the interfund lending program was as follows (amounts in thousands, except percentages and days):

	Borrower or Lender	Weighted Average Interest Rate			Weighted Average Loan Balance		Number of Days Outstanding*		Interest Expense/ Income		Maximum Amount Borrowed/Loaned During the Period		Outstanding Borrowings as of 10/31/2021
Emerging Markets Core Equity Portfolio	Borrower		0.44	%	$	10		1		—	$	10		—

* Number of Days Outstanding represents the total of single or consecutive days during the year ended October 31, 2021 that the Portfolio utilized the interfund lending program.

J. Affiliated Trades:

Cross trades for the year ended October 31, 2021, if any, were executed by the Portfolios pursuant to procedures adopted by the Board of Directors of the Fund to ensure compliance with Rule 17a-7 under the Investment Company Act of 1940 (the “1940 Act”). Cross trading is the buying or selling of portfolio securities between series of investment companies, or between a series of an investment company and another entity, that are or could be considered affiliates by virtue of having a common investment advisor (or affiliated investment advisors), common Directors and/or common Officers. At its regularly scheduled meetings, the CCO certifies to the Board that the 17a-7 transactions entered into by the Portfolios complied with the Rule 17a-7 Procedures adopted by the Board of Directors of the Fund.

For the year ended October 31, 2021, cross trades by the Portfolios under Rule 17a-7 were as follows (amounts in thousands):

Portfolio	Purchases		Sales		Realized Gain (Loss)
Large Cap International Portfolio	$	180,663	$	60,935	$	(8,996	)
International Core Equity Portfolio		167,844		149,445		(11,095	)
DFA Global Real Estate Securities Portfolio		36,687		137		11
DFA International Small Cap Value Portfolio		81,551		233,303		55,507
International Vector Equity Portfolio		24,237		45,657		10,045
International High Relative Profitability Portfolio		80,493		33,215		873
World ex U.S. Core Equity Portfolio		9,977		19,866		(2,408	)
Emerging Markets Core Equity Portfolio		5,509		3,612		299
Emerging Markets Targeted Value Portfolio		292		1,418		100

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K. Securities Lending:

As of October 31, 2021, some of the Portfolios had securities on loan to brokers/dealers, for which each such Portfolio received cash collateral. The Portfolios also received non-cash collateral consisting of short- and/or long-term U.S. Treasuries and U.S. government agency securities as follows (amounts in thousands):

	Non-Cash Collateral Market Value
Large Cap International Portfolio	$	55,186
International Core Equity Portfolio		314,556
DFA International Real Estate Securities Portfolio		16,995
DFA International Small Cap Value Portfolio		86,568
International Vector Equity Portfolio		49,380
International High Relative Profitability Portfolio		10,536
World ex U.S. Core Equity Portfolio		67,744
Emerging Markets Core Equity Portfolio		1,231,666
Emerging Markets Targeted Value Portfolio		7,426

Each Portfolio invests the cash collateral, as described below, and records a liability for the return of the collateral, during the period the securities are on loan. Loans of securities are expected at all times to be secured by collateral in an amount (i) equal to at least 100% of the current market value of the loaned securities with respect to securities of the U.S. government or its agencies, (ii) generally equal to 102% of the current market value of the loaned securities with respect to U.S. securities, and (iii) generally equal to 105% of the current market value of the loaned securities with respect to foreign securities. However, daily market fluctuations could cause the Portfolio’s collateral to be lower or higher than the expected thresholds. If this were to occur, the collateral would be adjusted the next business day to ensure adequate collateralization. In the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings. If the borrower fails to return loaned securities, cash collateral being maintained by the borrower is insufficient to cover the value of loaned securities, and such collateral insufficiency is not the result of investment losses, the lending agent has agreed to pay the amount of the shortfall to the Portfolio or, at the option of the lending agent, to replace the securities. In the event of the bankruptcy of the borrower, a Portfolio could experience delay in recovering the loaned securities or only recover cash or a security of equivalent value.

Subject to their stated investment policies, each Portfolio with securities on loan will generally invest the cash collateral received for the loaned securities in the Money Market Series, an affiliated registered money market fund advised by the Advisor for which the Advisor receives a management fee of 0.05% of the average daily net assets of the Money Market Series. Income received from the Money Market Series is netted with fees for securities lending and collateral investment expenses and with other payments to and from borrowers of securities. Each Portfolio also may invest the cash collateral received for the loaned securities in securities of the U.S. government or its agencies, repurchase agreements collateralized by securities of the U.S. government or its agencies, and affiliated or unaffiliated money market funds that are registered or unregistered. For purposes of this paragraph, agencies include both agency debentures and agency mortgage-backed securities. Additionally, each Portfolio will be able to terminate the loan at any time and will receive reasonable interest on the loan, as well as amounts equal to any dividends, interest or, other distributions on the loaned securities. However, dividend income received from loaned securities may not be eligible for taxation at qualified dividend income rates.

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The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2021 (amounts in thousands):

	Remaining Contractual Maturity of the Agreements As of October 31, 2021
	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
Securities Lending Transactions Large Cap International Portfolio
Common Stocks	$	301,155		—		—		—	$	301,155
International Core Equity Portfolio
Common Stocks, Rights/Warrants		1,595,091		—		—		—		1,595,091
DFA International Real Estate Securities Portfolio
Common Stocks		310,621		—		—		—		310,621
DFA Global Real Estate Securities Portfolio
Common Stocks		217,101		—		—		—		217,101
DFA International Small Cap Value Portfolio
Common Stocks		383,569		—		—		—		383,569
International Vector Equity Portfolio
Common Stocks, Rights/Warrants		142,982		—		—		—		142,982
International High Relative Profitability Portfolio
Common Stocks		96,300		—		—		—		96,300
World ex U.S. Core Equity Portfolio
Common Stocks		144,566		—		—		—		144,566
Emerging Markets Core Equity Portfolio
Common Stocks		524,700		—		—		—		524,700
Emerging Markets Targeted Value Portfolio
Common Stocks		3,070		—		—		—		3,070

L. Shareholder Servicing Fees:

The Class R2 Shares pay a shareholder servicing fee in an amount up to 0.25% of their annual average net assets to compensate service agents that provide shareholder servicing, record keeping, account maintenance and other services to investors in Emerging Markets Value Portfolio Class R2 Shares.

M. Indemnitees; Contractual Obligations:

Under the Fund’s organizational documents, its Officers and Directors are indemnified against certain liabilities arising out of the performance of their duties to the Fund.

In the normal course of business, the Fund enters into contracts that contain a variety of representations and warranties that provide general indemnification. The Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Fund and/or its affiliates that have not yet occurred. However, based on experience, the Fund expects the risk of loss to be remote.

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N. Recently Issued Accounting Standards and Regulations:

In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU No. 2021-01, with further amendments to Topic 848. The amendments in the ASUs provide optional temporary accounting recognition and financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the LIBOR and other interbank-offered based reference rates as of the end of 2021 and 2023. The ASUs are effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management has reviewed the requirements and believes the adoption of these ASUs will not have a material impact on the Portfolios’ financial statements.

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.

O. 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.

P. Other:

As of October 31, 2021, the following number of shareholders held the following approximate percentages of the Portfolios’ outstanding shares. One or more of the shareholders may be omnibus accounts, which typically hold shares for the benefit of several other underlying investors.

	Number of Shareholders		Approximate Percentage of Outstanding Shares
Large Cap International Portfolio-Institutional Class		4		72	%
International Core Equity Portfolio-Institutional Class		4		72	%
Global Small Company Portfolio-Institutional Class		4		95	%
International Small Company Portfolio-Institutional Class		4		76	%
Japanese Small Company Portfolio-Institutional Class		3		87	%
Asia Pacific Small Company Portfolio-Institutional Class		2		92	%
United Kingdom Small Company Portfolio-Institutional Class		4		94	%
Continental Small Company Portfolio-Institutional Class		2		91	%
DFA International Real Estate Securities Portfolio-Institutional Class		4		93	%
DFA Global Real Estate Securities Portfolio-Institutional Class		3		68	%
DFA International Small Cap Value Portfolio-Institutional Class		4		75	%
International Vector Equity Portfolio-Institutional Class		3		84	%

153

	Number of Shareholders		Approximate Percentage of Outstanding Shares
International High Relative Profitability Portfolio-Institutional Class		3		90	%
World ex U.S. Value Portfolio-Institutional Class		6		90	%
World ex U.S. Core Equity Portfolio-Institutional Class		3		74	%
World Core Equity Portfolio-Institutional Class		5		85	%
Selectively Hedged Global Equity Portfolio-Institutional Class		3		91	%
Emerging Markets Portfolio-Institutional Class		3		63	%
Emerging Markets Small Cap Portfolio-Institutional Class		4		65	%
Emerging Markets Value Portfolio-Class R2		1		96	%
Emerging Markets Value Portfolio-Institutional Class		2		40	%
Emerging Markets Core Equity Portfolio-Institutional Class		3		65	%
Emerging Markets Targeted Value Portfolio-Institutional Class		3		91	%

The Portfolios are subject to claims and suits that arise from time to time in the ordinary course of business (for example, ongoing claw back litigation against former shareholders of portfolio companies that filed for bankruptcy, such as The Tribune Company and Nine West). 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.

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”). Effective on August 2, 2021, the Order restricts investment in certain companies identified as “Chinese Military Industrial Complex Companies” (CMICs) by the Office of Foreign Asset Control, an agency of the Department of Treasury and the Department of Defense. As of July 27, 2021, the Portfolios have divested of all publicly traded securities identified as CMIC’s listed in the Order.

Q. Subsequent Event Evaluations:

Management has evaluated the impact of all subsequent events on the Portfolios through the date on which the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements.

154

Report of Independent Registered Public Accounting Firm

To the Board of Directors of DFA Investment Dimensions Group Inc. and Shareholders of each of Large Cap International Portfolio, International Core Equity Portfolio, Global Small Company Portfolio, International Small Company Portfolio, Japanese Small Company Portfolio, Asia Pacific Small Company Portfolio, United Kingdom Small Company Portfolio, Continental Small Company Portfolio, DFA International Real Estate Securities Portfolio, DFA Global Real Estate Securities Portfolio, DFA International Small Cap Value Portfolio, International Vector Equity Portfolio, International High Relative Profitability Portfolio, World ex U.S. Value Portfolio, World ex U.S. Core Equity Portfolio, World Core Equity Portfolio, Selectively Hedged Global Equity Portfolio, Emerging Markets Portfolio, Emerging Markets Small Cap Portfolio, Emerging Markets Value Portfolio, Emerging Markets Core Equity Portfolio and Emerging Markets Targeted Value Portfolio

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the summary schedules of portfolio holdings of Large Cap International Portfolio, International Core Equity Portfolio, DFA International Real Estate Securities Portfolio, DFA Global Real Estate Securities Portfolio, DFA International Small Cap Value Portfolio, International Vector Equity Portfolio, International High Relative Profitability Portfolio, World ex U.S. Core Equity Portfolio, Emerging Markets Core Equity Portfolio and Emerging Markets Targeted Value Portfolio and schedules of investments of Global Small Company Portfolio, International Small Company Portfolio, Japanese Small Company Portfolio, Asia Pacific Small Company Portfolio, United Kingdom Small Company Portfolio, Continental Small Company Portfolio, World ex U.S. Value Portfolio, World Core Equity Portfolio, Selectively Hedged Global Equity Portfolio, Emerging Markets Portfolio, Emerging Markets Small Cap Portfolio and Emerging Markets Value Portfolio (twenty-two of the portfolios constituting DFA Investment Dimensions Group Inc., hereafter collectively referred to as the “Portfolios”) as of October 31, 2021, the related statements of operations for the year ended October 31, 2021, the statements of changes in net assets for each of the two years in the period ended October 31, 2021, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Portfolios as of October 31, 2021, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended October 31, 2021, and each of the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinions

These financial statements are the responsibility of the Portfolios’ management. Our responsibility is to express an opinion on the Portfolios’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Portfolios in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2021 by correspondence with the custodians, brokers and transfer agents of the investee funds; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

155

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 22, 2021

We have served as the auditor of one or more investment companies in Dimensional Fund Advisors L.P. investment company group since 1981.

156

DIMENSIONAL INVESTMENT GROUP INC.

PERFORMANCE CHARTS

(Unaudited)

DFA International Value Portfolio — Class R2 vs.

MSCI World ex USA Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

DFA International Value Portfolio — Institutional Class vs.

MSCI World ex USA Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

157

MANAGEMENT’S DISCUSSION AND ANALYSIS

International Equity Market Review 12 Months Ended October 31, 2021

Performance of non-U.S. developed markets was positive for the period. As measured by the MSCI World ex USA indices, small-cap stocks outperformed large-cap stocks, and mid-cap stocks, a subset of the large-cap universe, underperformed large-cap stocks and small-cap stocks. Value stocks outperformed growth stocks as measured by the MSCI World ex USA indices.

12 Months Ended October 31, 2021
	Return in U.S. Dollars
MSCI World ex USA Index		35.59	%
MSCI World ex USA Mid Cap Index		31.20	%
MSCI World ex USA Small Cap Index		37.19	%
MSCI World ex USA Value Index		40.88	%
MSCI World ex USA Growth Index		30.25	%

For the 12 Months Ended October 31, 2021, the U.S. dollar appreciated against some non-U.S. developed markets currencies and depreciated against others. Overall, currency movements did not have a material overall impact on the U.S. dollar-denominated returns of developed markets.

12 Months Ended October 31, 2021
Ten Largest Foreign Developed Markets by Market Cap	Local Return			Return in U.S. Dollars
Japan		30.75	%		19.88	%
United Kingdom		35.57	%		43.72	%
Canada		38.56	%		49.05	%
France		48.30	%		47.33	%
Switzerland		28.36	%		28.75	%
Germany		33.47	%		32.60	%
Australia		27.93	%		36.82	%
Netherlands		60.71	%		59.67	%
Sweden		40.26	%		45.36	%
Hong Kong		18.26	%		17.91	%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2021, all rights reserved.

Emerging markets had positive performance for the period but underperformed both U.S. and non-U.S. developed markets. As measured by the MSCI Emerging Markets indices, small-cap stocks outperformed large-cap stocks, and mid-cap stocks, a subset of the large-cap universe, outperformed large-cap stocks but underperformed small-cap stocks. Value stocks outperformed growth stocks as measured by the MSCI Emerging Markets indices.

158

12 Months Ended October 31, 2021
	Return in U.S. Dollars
MSCI Emerging Markets Index		16.96	%
MSCI Emerging Markets Mid Cap Index		31.20	%
MSCI Emerging Markets Small Cap Index		44.29	%
MSCI Emerging Markets Value Index		28.31	%
MSCI Emerging Markets Growth Index		7.38	%

For the 12 Months Ended October 31, 2021, the U.S. dollar depreciated against some emerging markets currencies and appreciated against others. Overall, currency movements had a positive impact on the U.S. dollar denominated returns of emerging markets.

12 Months Ended October 31, 2021
Ten Largest Emerging Markets by Market Cap	Local Return			Return in U.S.
Dollars
China		-9.52	%		-9.21	%
Taiwan		38.36	%		42.32	%
Korea		27.78	%		24.08	%
India		51.78	%		50.21	%
Russia		64.53	%		81.80	%
Brazil		10.38	%		12.91	%
Saudi Arabia		56.07	%		56.04	%
South Africa		18.16	%		26.32	%
Mexico		42.35	%		47.44	%
Thailand		34.75	%		26.57	%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2021, all rights reserved.

For Portfolios investing in non-U.S. equities traded outside of the U.S. market time zone, differences in the valuation timing and methodology between a Portfolio and its benchmark index may impact relative performance over the referenced period. The Portfolios price foreign exchange rates at the closing of the U.S. market, while their benchmark indices use rates at 4 p.m. London time. The Portfolios also may use fair value pricing to price certain portfolio securities at the closing of the U.S. market, while benchmark indices may use local market closing prices. For the one-year period ended October 31, 2021, these differences generally detracted from the Portfolios’ relative performance.

DFA International Value Portfolio

The DFA International Value Portfolio invests in developed ex U.S. large company value stocks by purchasing shares of the DFA International Value Series, a Master Fund managed by Dimensional that invests in such securities. The investment strategy is process driven, emphasizing broad diversification, with increased exposure to stocks with smaller total market capitalizations, lower relative price (value), and higher-profitability within the large-cap value segment of developed ex U.S. markets. As of October 31, 2021, the Master Fund held approximately 510 securities in 22 eligible developed markets. Average cash exposure throughout the year was less than 1% of the Master Fund’s assets.

159

For the 12 months ended October 31, 2021, total returns were 50.55% for the Portfolio’s Class R2 shares, 50.90% for the Portfolio’s Institutional Class shares, and 35.59% for the MSCI World ex USA Index (net dividends), the Portfolio’s benchmark. With low relative price (value) stocks outperforming high relative price (growth) stocks for the period, the Master Fund’s focus on value stocks contributed positively to performance relative to the style-neutral benchmark.

160

DIMENSIONAL INVESTMENT GROUP INC.

DISCLOSURE OF FUND EXPENSES

(Unaudited)

The following Expense Table is shown so that you can understand the impact of fees on your investment. All mutual funds have operating expenses. As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports, among others. Operating expenses and legal and audit services, which are deducted from a fund’s gross income, directly reduce the investment return of the fund. A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs, in dollars, of investing in the fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.

The Expense Table below illustrates your fund’s costs in two ways.

Actual Fund Return

This section helps you to estimate the actual expenses after fee waivers that you paid over the period. The “Ending Account Value” shown is derived from the fund’s actual return, and “Expenses Paid During Period” reflects the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.

To do so, simply divide your account value by $1,000 (for example, a $7,500 account value divided by $1,000 = 7.5), then multiply the result by the number given for your fund under the heading “Expenses Paid During Period.”

Hypothetical Example for Comparison Purposes

This section is intended to help you compare your fund’s costs with those of other mutual funds. The hypothetical “Ending Account Value” and “Expenses Paid During Period” are derived from the fund’s actual expense ratio and an assumed 5% annual return before expenses. In this case, because the return used is not the fund’s actual return, the results do not apply to your investment. The example is useful in making comparisons because the SEC requires all mutual funds to calculate expenses based on a 5% annual return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect any transactional costs, if applicable. The “Annualized Expense Ratio” represents the actual expenses for the six-month period indicated.

161

DISCLOSURE OF FUND EXPENSES

CONTINUED

Six Months Ended October 31, 2021

EXPENSE TABLE

	Beginning		Ending					Expenses
	Account		Account		Annualized			Paid
	Value		Value		Expense			During
	05/01/21		10/31/21		Ratio (1)			Period (1)
DFA International Value Portfolio (2)
Actual Fund Return
Class R2 Shares	$	1,000.00	$	1,056.00		0.60	%	$	3.11
Institutional Class Shares	$	1,000.00	$	1,057.20		0.36	%	$	1.87
Hypothetical 5% Annual Return
Class R2 Shares	$	1,000.00	$	1,022.18		0.60	%	$	3.06
Institutional Class Shares	$	1,000.00	$	1,023.39		0.36	%	$	1.84

(1) Expenses are equal to the fund’s annualized expense ratio for the six-month period, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period (184), then divided by the number of days in the year (365) to reflect the six-month period.

(2) The Portfolio is a Feeder Fund. The expenses shown reflect the direct expenses of the Feeder Fund and the allocation of the Feeder Fund’s portion of the expenses of its Master Fund (Affiliated Investment Company).

162

DIMENSIONAL INVESTMENT GROUP INC.

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

The SEC requires that all funds file a complete Schedule of Investments with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. For Dimensional Investment Group Inc., this would be for the fiscal quarters ending January 31 and July 31. Such Form N-PORT filing must be made within 60 days of the end of the quarter. Dimensional Investment Group Inc. filed its most recent Form N-PORT with the SEC on September 24, 2021. They are available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

PORTFOLIO HOLDINGS

The SEC requires that all funds present their categories of portfolio holdings in a table, chart, or graph format in their annual and semi-annual shareholder reports, whether or not a Schedule of Investments is used. The following table, which presents portfolio holdings as a percentage of total investments before short-term investments and collateral for loaned securities, is provided in compliance with this requirement.

The categories of industry classification for the Affiliated Investment Company are represented in its Disclosure of Portfolio Holdings, which is included elsewhere in the report. Refer to the Summary Schedule of Portfolio Holdings for the underlying Affiliated Investment Company’s holdings, which reflect the investments by category.

FEEDER FUND

	Affiliated Investment Company
DFA International Value Portfolio		100.0	%

163

DFA INTERNATIONAL VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2021

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The DFA International Value Series of The DFA Investment Trust Company	$	8,316,979,479
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	8,316,979,479

Summary of the Portfolio’s Master Fund’s investments as of October 31, 2021, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

164

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENT OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands, except share and per share amounts)

	DFA
	International
	Value Portfolio
ASSETS:
Investments in Affiliated Investment Company at Value	$	8,316,979
Receivables:
Fund Shares Sold		2,639
Prepaid Expenses and Other Assets		56
Total Assets		8,319,674
LIABILITIES:
Payables:
Fund Shares Redeemed		3,955
Due to Advisor		705
Accrued Expenses and Other Liabilities		781
Total Liabilities		5,441
NET ASSETS	$	8,314,233
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Class R2 Shares — based on net assets of $1,753 and shares outstanding of 88,780	$	19.74
NUMBER OF SHARES AUTHORIZED		100,000,000
Institutional Class Shares — based on net assets of $8,312,480 and shares outstanding of 419,860,628	$	19.80
NUMBER OF SHARES AUTHORIZED		1,500,000,000
NET ASSETS CONSIST OF:
Paid-In Capital	$	7,198,087
Total Distributable Earnings (Loss)		1,116,146
NET ASSETS	$	8,314,233

See accompanying Notes to Financial Statements.

165

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENT OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

	DFA
	International
	Value Portfolio*
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies:
Dividends (Net of Foreign Taxes Withheld of $28,683)	$	301,702
Income from Securities Lending		2,931
Expenses Allocated from Affiliated Investment Companies		(17,844	)
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		286,789
Fund Expenses
Investment Management Fees		25,884
Accounting & Transfer Agent Fees		1,157
Shareholder Servicing Fees Class R2 Shares		3
Filing Fees		187
Shareholders’ Reports		172
Directors’/Trustees’ Fees & Expenses		89
Professional Fees		33
Other		45
Total Fund Expenses		27,570
Fees Waived, Expenses Reimbursed by Advisor (Note C)
Class R2 Shares		3
Institutional Class Shares		16,403
Net Expenses		11,164
Net Investment Income (Loss)		275,625
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Transactions Allocated from Affiliated Investment Company**		377,980
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		2,522,431
Net Realized and Unrealized Gain (Loss)		2,900,411
Net Increase (Decrease) in Net Assets Resulting from Operations	$	3,176,036

** Net of foreign capital gain taxes withheld of $0.

* Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

See accompanying Notes to Financial Statements.

166

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	DFA International Value Portfolio***
	Year			Year
	Ended			Ended
	Oct 31,			Oct 31,
	2021			2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	275,625		$	198,052
Net Realized Gain (Loss) on:
Transactions Allocated from Affiliated Investment Company*,**		377,980			(316,959	)
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		2,522,431			(1,563,162	)
Net Increase (Decrease) in Net Assets Resulting from Operations		3,176,036			(1,682,069	)
Distributions:
Class R2 Shares		(43	)		(29	)
Institutional Class Shares		(258,413	)		(226,414	)
Total Distributions		(258,456	)		(226,443	)
Capital Share Transactions (1):
Shares Issued		1,043,206			2,636,246
Shares Issued in Lieu of Cash Distributions		254,720			222,167
Shares Redeemed		(2,459,596	)		(3,566,247	)
Net Increase (Decrease) from Capital Share Transactions		(1,161,670	)		(707,834	)
Total Increase (Decrease) in Net Assets		1,755,910			(2,616,346	)
Net Assets
Beginning of Year		6,558,323			9,174,669
End of Year	$	8,314,233		$	6,558,323
(1) Shares Issued and Redeemed:
Shares Issued		56,340			194,702
Shares Issued in Lieu of Cash Distributions		13,672			14,542
Shares Redeemed		(134,474	)		(258,909	)
Net Increase (Decrease) from Shares Issued and Redeemed		(64,462	)		(49,665	)

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0.

*** Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

See accompanying Notes to Financial Statements.

167

DIMENSIONAL INVESTMENT GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	DFA International Value Portfolio-Class R2 Shares
	Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2019			2018			2017
Net Asset Value, Beginning of Year	$	13.50		$	17.13		$	17.68		$	19.89		$	16.27
Income from Investment Operations (A)
Net Investment Income (Loss)		0.62			0.38			0.58			0.54			0.55
Net Gains (Losses) on Securities (Realized and Unrealized)		6.17			(3.61	)		(0.10	)		(2.21	)		3.61
Total from Investment Operations		6.79			(3.23	)		0.48			(1.67	)		4.16
Less Distributions:
Net Investment Income		(0.55	)		(0.40	)		(0.51	)		(0.54	)		(0.54	)
Net Realized Gains		—			—			(0.52	)		—			—
Total Distributions		(0.55	)		(0.40	)		(1.03	)		(0.54	)		(0.54	)
Net Asset Value, End of Year	$	19.74		$	13.50		$	17.13		$	17.68		$	19.89
Total Return		50.55	%		(19.08	%)		3.13	%		(8.59	%)		25.99	%
Net Assets, End of Year (thousands)	$	1,753		$	835		$	1,191		$	1,477		$	3,508
Ratio of Expenses to Average Net Assets (F)		0.60	%		0.65	%		0.69	%		0.68	%		0.68	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor) (F)		0.80	%		0.85	%		0.89	%		0.88	%		0.88	%
Ratio of Net Investment Income to Average Net Assets		3.31	%		2.56	%		3.43	%		2.72	%		3.07	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

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DIMENSIONAL INVESTMENT GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	DFA International Value Portfolio-Institutional Class Shares
	Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2019			2018			2017
Net Asset Value, Beginning of Year	$	13.54		$	17.18		$	17.74		$	19.94		$	16.30
Income from Investment Operations (A)
Net Investment Income (Loss)		0.62			0.38			0.63			0.60			0.56
Net Gains (Losses) on Securities (Realized and Unrealized)		6.23			(3.58	)		(0.11	)		(2.21	)		3.66
Total from Investment Operations		6.85			(3.20	)		0.52			(1.61	)		4.22
Less Distributions:
Net Investment Income		(0.59	)		(0.44	)		(0.56	)		(0.59	)		(0.58	)
Net Realized Gains		—			—			(0.52	)		—			—
Total Distributions		(0.59	)		(0.44	)		(1.08	)		(0.59	)		(0.58	)
Net Asset Value, End of Year	$	19.80		$	13.54		$	17.18		$	17.74		$	19.94
Total Return		50.90	%		(18.87	%)		3.37	%		(8.32	%)		26.36	%
Net Assets, End of Year (thousands)	$	8,312,480		$	6,557,488		$	9,173,478		$	9,421,965		$	9,837,631
Ratio of Expenses to Average Net Assets (F)		0.36	%		0.40	%		0.44	%		0.43	%		0.43	%
Ratio of Expenses to Average Net Assets (Excluding Fees Waived, Expenses Reimbursed by Advisor) (F)		0.56	%		0.60	%		0.64	%		0.63	%		0.63	%
Ratio of Net Investment Income to Average Net Assets		3.36	%		2.57	%		3.70	%		3.01	%		3.12	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

169

DIMENSIONAL INVESTMENT GROUP INC.

NOTES TO FINANCIAL STATEMENTS

A. 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. The Fund consists of eleven portfolios, one of which, the DFA International Value Portfolio (the “Portfolio”), is presented in this section of the report. The remaining operational portfolios are presented in separate reports. The Portfolio is an investment company, and accordingly, follows the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”), Topic 946, “Financial Services-Investment Companies.”

The Portfolio invests substantially all of its assets in The DFA International Value Series (the “Series”), a corresponding series of The DFA Investment Trust Company. As of October 31, 2021, the Portfolio owned 68% of the Series. The financial statements of the Series are included elsewhere in this report and should be read in conjunction with the financial statements of the Portfolio.

B. Significant Accounting Policies:

The following significant accounting policies are in conformity with accounting principles generally accepted in the United States of America. Such policies are consistently followed by the Fund in preparation of its financial statements. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the fair value of investments, the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates, and those differences could be material.

1. Security Valuation: The Portfolio uses 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 Portfolio’s own assumptions in determining the fair value of investments)

The Portfolio’s investment reflects its proportionate interests in the net assets of the Series. The valuation is classified as Level 1 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 the Portfolio is calculated. When fair value pricing is used, the prices of securities used by the Portfolio 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 or Level 3 in the hierarchy.

A summary of the inputs used to value the Portfolio’s 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 the 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.

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2. Deferred Compensation Plan: Each eligible Director of the Fund may elect to participate in the Fee Deferral Plan for Independent Directors and Trustees (the “Plan”). Under the Plan, effective January 1, 2002, such Directors may defer payment of all or a portion of their total fees earned as a Director. These deferred amounts may be treated as though such amounts had been invested in shares of the following funds: the U.S. Large Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Large Company Portfolio, U.S. Vector Equity Portfolio, U.S. Micro Cap Portfolio, DFA International Value Portfolio, International Core Equity Portfolio, Emerging Markets Portfolio, Emerging Markets Core Equity Portfolio, DFA Inflation-Protected Securities Portfolio, and/or DFA Two-Year Global Fixed Income Portfolio. Contributions made under the Plan and the change in unrealized appreciation (depreciation) and income are included in Directors’/ Trustees’ Fees & Expenses.

The Directors may receive their distributions of proceeds by one of the following methods: lump sum, annual installments over a period of agreed-upon years, or quarterly installments over a period of agreed-upon years. Each Director shall have the right in a notice of election (the “Notice”) to defer the receipt of the Director’s deferred compensation until a date specified by such Director in the Notice. The date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Director ceases to be a member of the Board of Directors of the Fund; and (ii) five years following the effective date of the Director’s first deferral election. If a Director who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Director’s deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Director ceases to be a member of the Board (unless the Director files an amended Notice selecting a different distribution date).

3. Other: The Portfolio recognizes its pro-rata share, on a daily basis, of net investment income and realized and unrealized gains and losses of investment securities from the Series, which is treated as a partnership for federal income tax purposes. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of investments or as a realized gain, respectively. The Portfolio estimates the character of received distributions that may be considered return of capital distributions. Expenses directly attributable to the Portfolio are directly charged. Common expenses of the Fund or the Portfolio are allocated using methods approved by the Board of Directors, generally based on average net assets.

Class R2 Shares and Institutional Class Shares have equal rights to assets and earnings of the Portfolio. Income, gains and losses, and common expenses of the Portfolio are allocated to each class of shares based on its relative net assets. Each class will bear its own class-specific expenses, if any.

C. Investment Advisor:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Portfolio. For the year ended October 31, 2021, the Portfolio’s investment management fees were accrued daily and paid monthly to the Advisor based on the following effective annual rates of average daily net assets:

DFA International Value Portfolio 0.32 %* 

* Effective as of February 28, 2021, the management fee payable by the Portfolio was reduced from 0.35% to 0.30%.

Pursuant to an Amended and Restated Fee Waiver and/or Expense Assumption Agreement (the “Fee Waiver Agreement”), the Advisor has contractually agreed to waive certain fees, and in certain instances, assume certain expenses of the Portfolio, as described in the notes below. A portion of the Fee Waiver Agreement for the Portfolio will remain in effect through February 28, 2022, may only be terminated by the Fund’s Board of Directors prior to that date and shall continue in effect from year to year thereafter unless terminated by the Fund or the Advisor. The Fee Waiver Agreement with respect to the total management fees paid by the Portfolio, as described in the notes below, will remain in effect permanently, unless terminated by the Portfolio. During the year ended October 31, 2021, the Portfolio had expense limits based on a percentage of average net assets on an annualized basis, and the Advisor recovered previously waived fees and/or assumed expenses (amounts in thousands), as listed below. The net amount of waived fees/expenses assumed (recovered previously waived fees/expenses assumed) during the year ended October 31, 2021, and the previously waived fees/expenses assumed subject to future recovery by the

171

Advisor as of October 31, 2021, are also reflected below (amounts in thousands). At any time that the Annualized Expense Ratio (defined below) of the Class R2 shares of the Portfolio are less than the Expense Limitation Amount listed below, the Advisor retains the right to recover fees previously waived and/or expenses previously assumed to the extent that the expense ratio following such recovery would be less than the Expense Limitation Amount that was in place when such prior year fees were waived and/or expenses assumed, and less than the current Expense Limitation Amount for the Portfolio. The Advisor, however, will not be reimbursed by the Portfolio in connection with its Permanent Fee Waiver. The Fund, on behalf of the Portfolio, is also not obligated to reimburse the Advisor for fees previously waived or expenses previously assumed by the Advisor more than thirty-six months before the date of recovery.

Previously

Recovery

Waived Fees/

Expense

Total

of Previously

Waived Fees/

Expenses Assumed

Limitation

Management

Waived Fees/

Expenses

Subject to Future

Institutional Class Shares

Amount

Fee Limit

Expenses Assumed

Assumed

Recovery

DFA International Value Portfolio (1)

—

0.30

%

—

$

16,403

—

Class R2 Shares

DFA International Value Portfolio (2)

0.79

%

0.30

%

—

3

—

(1) Effective February 28, 2021, the Advisor has contractually agreed to permanently waive all or a portion of the management fee of the Portfolio to the extent necessary to limit the total management fees paid to the Advisor by the Portfolio, including the proportionate share of the management fees the Portfolio pays indirectly through its investment in other funds managed by the Advisor, except for the fees paid indirectly through its investment of securities lending cash collateral in The DFA Short Term Investment Fund, to the rate listed above as a percentage of the average net assets of the Institutional Class of the Portfolio on an annualized basis (the “Permanent Fee Waiver”). From February 28, 2020 to February 27, 2021, the Permanent Fee Waiver Limit was 0.35%. From July 21, 2015 to February 27, 2020, the Permanent Fee Waiver Limit was 0.40%.

(2) Effective February 28, 2021, the Advisor has contractually agreed to permanently waive all or a portion of the management fee of the DFA International Value Portfolio to the extent necessary to limit the total management fees paid to the Advisor by the Portfolio, including the proportionate share of the management fees the Portfolio pays indirectly through its investment in other funds managed by the Advisor, except for the fees paid indirectly through its investment of securities lending cash collateral in The DFA Short Term Investment Fund, to 0.30% of the average net assets of a class of the Portfolio on an annualized basis (the “Permanent Fee Waiver”). From February 28, 2020 to February 27, 2021, the Permanent Fee Waiver Limit was 0.35%. From July 21, 2015 to February 27, 2020, the Permanent Fee Waiver Limit was 0.40%. In addition to the Permanent Fee Waiver, the Advisor has contractually agreed (including for the time period prior to July 21, 2015) to assume the direct expenses of Class R2 shares of the Portfolio (excluding management fees and custodian fees), to the extent necessary to limit the annualized expenses of Class R2 shares of the Portfolio (excluding the expenses the Portfolio incurs indirectly through investment in other investment companies) to the rate listed above (the “Annualized Expense Ratio”).

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Directors of the Advisor are also Officers and Directors of the Fund; however, such Officers and Directors (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the year ended October 31, 2021, the total related amounts paid by the Fund to the CCO were $14 (in thousands). The total related amounts paid by the Portfolio are included in Other Expenses on the Statement of Operations.

D. Deferred Compensation:

As of October 31, 2021, the total liability for deferred compensation to Directors is included in Accrued Expenses and Other Liabilities on the Statement of Assets and Liabilities as follows (amount in thousands):

DFA International Value Portfolio $ 282

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E. Federal Income Taxes:

The Portfolio has qualified and intends to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code for federal income tax purposes and to distribute substantially all of its taxable income and net capital gains to its shareholders. Accordingly, no provision has been made for federal income taxes.

Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined under accounting principles generally accepted in the United States of America. These book/tax differences are either temporary or permanent in nature. To the extent that these differences are permanent, they are charged or credited to paid-in capital or distributable earnings, undistributed net investment income, accumulated net realized gains or losses, or unrealized appreciation, as appropriate, in the period that the differences arise. Accordingly, the permanent differences as of October 31, 2021, can occur as a result of realized gains on securities considered to be “passive foreign investment companies”, net foreign currency gains/losses, and foreign capital gains tax reclass, and were reclassified to the accounts mentioned above. These reclassifications had no effect on net assets or net asset value per share.

The tax character of dividends and distributions declared and paid during the years ended October 31, 2020, and October 31, 2021, were as follows (amounts in thousands):

	Net Investment Income and Short-Term Capital Gains		Long-Term Capital Gains		Tax Exempt Income		Total
DFA International Value Portfolio
2020	$	226,443		—		—	$	226,443
2021		258,456		—		—		258,456

As of October 31, 2021, the following net investment income and short-term capital gains and long-term capital gains distributions designated for federal income tax purposes are due to the use of accumulated earnings and profits distributed to shareholders upon redemption of shares (amounts in thousands):

	Net Investment
	Income and
	Short-Term			Long-Term
	Capital Gains			Capital Gains		Total
DFA International Value Portfolio	$	(2,374	)		—	$	(2,374	)

As of October 31, 2021, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):

	Undistributed						Total Net
	Net Investment						Distributable
	Income and		Undistributed		Unrealized		Earnings
	Short-Term		Long-Term		Appreciation		(Accumulated
	Capital Gains		Capital Gains		(Depreciation)		Losses)
DFA International Value Portfolio	$	109,693		—	$	1,006,924	$	1,116,617

For federal income tax purposes, the Fund measures its capital loss carryforwards annually at October 31, its fiscal year end. Capital loss carryforwards may be carried forward and applied against future capital gains. As of October 31, 2021, the Portfolio did not have capital loss carryforwards available to offset future realized capital gains.

During the year ended October 31, 2021, the Portfolio used the following capital loss carryforwards to offset realized capital gains for federal income tax purposes (amount in thousands):

DFA International Value Portfolio $ 349,633

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As of October 31, 2021, the total cost and aggregate gross unrealized appreciation (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes, as follows (amounts in thousands):

								Net
								Unrealized
	Federal		Unrealized		Unrealized			Appreciation
	Tax Cost		Appreciation		(Depreciation)			(Depreciation)
DFA International Value Portfolio	$	7,309,852	$	1,128,895	$	(121,757	)	$	1,007,138

The difference between GAAP-basis and tax-basis unrealized gains (losses) can occur as a result of wash sales and net mark to market gains (losses) on regulated futures contracts, net mark-to-market gain/loss on foreign currency contracts, and differences in the tax treatment of passive foreign investment company investments.

ASC 740 Accounting for Uncertainty in Income Taxes sets forth a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Management has analyzed the Portfolio’s tax positions and has concluded that no additional provision for income tax is required in the Portfolio’s financial statements. The Portfolio is not aware of any tax positions for which it is more likely than not that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Portfolio’s federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

F. Capital Share Transactions:

The capital share transactions by class were as follows (amounts in thousands):

	Year Ended						Year Ended
	October 31, 2021						October 31, 2020
	Amount			Shares			Amount			Shares
DFA International Value Portfolio
Class R2 Shares
Shares Issued	$	1,954			104		$	354			23
Shares Issued in Lieu of Cash Distributions		43			2			29			2
Shares Redeemed		(1,495	)		(80	)		(473	)		(32	)
Net Increase (Decrease) — Class R2 Shares	$	502			26		$	(90	)		(7	)
Institutional Class Shares
Shares Issued	$	1,041,251			56,236		$	2,635,892			194,679
Shares Issued in Lieu of Cash Distributions		254,677			13,670			222,138			14,540
Shares Redeemed		(2,458,101	)		(134,394	)		(3,565,774	)		(258,877	)
Net Increase (Decrease) — Institutional Class Shares	$	(1,162,173	)		(64,488	)	$	(707,744	)		(49,658	)

G. Shareholder Servicing Fees:

The Class R2 Shares pay a shareholder servicing fee in an amount up to 0.25% of their annual average net assets to compensate service agents that provide shareholder servicing, record keeping, account maintenance and other services to investors in the DFA International Value Portfolio’s Class R2 Shares.

H. Indemnitees; Contractual Obligations:

Under the Fund’s organizational documents, its Officers and Directors are indemnified against certain liabilities arising out of the performance of their duties to the Fund.

174

In the normal course of business, the Fund enters into contracts that contain a variety of representations and warranties that provide general indemnification. The Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Fund and/or its affiliates that have not yet occurred. However, based on experience, the Fund expects the risk of loss to be remote.

I. Recently Issued Accounting Standards and Regulations:

In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU No. 2021-01, with further amendments to Topic 848. The amendments in the ASUs provide optional temporary accounting recognition and financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the LIBOR and other interbank-offered based reference rates as of the end of 2021 and 2023. The ASUs are effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management has reviewed the requirements and believes the adoption of these ASUs will not have a material impact on the Portfolio’s financial statements.

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 Portfolio could enter, eliminate the asset segregation framework currently used by the Portfolio 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 Portfolio is required to comply on August 19, 2022. Management is currently evaluating the effect, if any, the Derivatives Rule will have on the Portfolio.

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 Portfolio.

J. 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 the Portfolio’s performance.

K. Other:

As of October 31, 2021, the following number of shareholders held the following approximate percentages of the Portfolio’s outstanding shares. One or more of the shareholders may be omnibus accounts, which typically hold shares for the benefit of several other underlying investors.

			Approximate
			Percentage
	Number of		of Outstanding
	Shareholders		Shares
DFA International Value Portfolio-Class R2		5		94	%
DFA International Value Portfolio-Institutional Class		3		65	%

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The Portfolio is subject to claims and suits that arise from time to time in the ordinary course of business (for example, ongoing claw back litigation against former shareholders of portfolio companies that filed for bankruptcy, such as The Tribune Company and Nine West). Although management currently believes that resolving claims against the Portfolio, individually or in aggregate, will not have a material adverse impact on the Portfolio’s 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.

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”). Effective on August 2, 2021, the Order restricts investment in certain companies identified as “Chinese Military Industrial Complex Companies” (CMICs) by the Office of Foreign Asset Control, an agency of the Department of Treasury and the Department of Defense. As of July 27, 2021, the Series have divested of all publicly traded securities identified as CMIC’s listed in the Order.

L. Subsequent Event Evaluations:

Management has evaluated the impact of all subsequent events on the Portfolio through the date on which the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements.

176

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Dimensional Investment Group Inc. and Shareholders of DFA International Value Portfolio

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of DFA International Value Portfolio (one of the portfolios constituting Dimensional Investment Group Inc., hereafter referred to as the “Portfolio”) as of October 31, 2021, the related statement of operations for the year ended October 31, 2021, the statement of changes in net assets for each of the two years in the period ended October 31, 2020, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2021 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Portfolio as of October 31, 2021, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2021 and the financial highlights for each of the five years in the period ended October 31, 2021 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Portfolio’s management. Our responsibility is to express an opinion on the Portfolio’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Portfolio in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of the security owned as of October 31, 2021 by correspondence with the transfer agent of the investee fund. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 22, 2021

We have served as the auditor of one or more investment companies in Dimensional Fund Advisors L.P. investment company group since 1981.

177

THE DFA INVESTMENT TRUST COMPANY

PERFORMANCE CHARTS

(Unaudited)

The DFA International Value Series vs.

MSCI World ex USA Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

The Japanese Small Company Series vs.

MSCI Japan Small Cap Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

178

THE DFA INVESTMENT TRUST COMPANY

PERFORMANCE CHARTS

(Unaudited)

The Asia Pacific Small Company Series vs.

MSCI Pacific ex Japan Small Cap Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

The United Kingdom Small Company Series vs.

MSCI United Kingdom Small Cap Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

179

THE DFA INVESTMENT TRUST COMPANY

PERFORMANCE CHARTS

(Unaudited)

The Continental Small Company Series vs.

MSCI Europe ex UK Small Cap Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

The Canadian Small Company Series vs.

MSCI Canada Small Cap Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

180

THE DFA INVESTMENT TRUST COMPANY

PERFORMANCE CHARTS

(Unaudited)

The Emerging Markets Series vs.

MSCI Emerging Markets Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

The Emerging Markets Small Cap Series vs.

MSCI Emerging Markets Index (net dividends)

October 31, 2011-October 31, 2021

Past performance is not predictive of future performance.   The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.   MSCI data ^© MSCI 2021, all rights reserved.

181

MANAGEMENT’S DISCUSSION AND ANALYSIS

International Equity Market Review 12 Months Ended October 31, 2021

Performance of non-U.S. developed markets was positive for the period. As measured by the MSCI World ex USA indices, small-cap stocks outperformed large-cap stocks, and mid-cap stocks, a subset of the large-cap universe, underperformed large-cap stocks and small-cap stocks. Value stocks outperformed growth stocks as measured by the MSCI World ex USA indices.

12 Months Ended October 31, 2021

	Return in U.S. Dollars
MSCI World ex USA Index		35.59	%
MSCI World ex USA Mid Cap Index		31.20	%
MSCI World ex USA Small Cap Index		37.19	%
MSCI World ex USA Value Index		40.88	%
MSCI World ex USA Growth Index		30.25	%

For the 12 Months Ended October 31, 2021, the U.S. dollar appreciated against some non-U.S. developed markets currencies and depreciated against others. Overall, currency movements did not have a material overall impact on the U.S. dollar-denominated returns of developed markets.

12 Months Ended October 31, 2021

Ten Largest Foreign Developed Markets by Market Cap	Local Return			Return in U.S. Dollars
Japan		30.75	%		19.88	%
United Kingdom		35.57	%		43.72	%
Canada		38.56	%		49.05	%
France		48.30	%		47.33	%
Switzerland		28.36	%		28.75	%
Germany		33.47	%		32.60	%
Australia		27.93	%		36.82	%
Netherlands		60.71	%		59.67	%
Sweden		40.26	%		45.36	%
Hong Kong		18.26	%		17.91	%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2021, all rights reserved.

Emerging markets had positive performance for the period but underperformed both U.S. and non-U.S. developed markets. As measured by the MSCI Emerging Markets indices, small-cap stocks outperformed large-cap stocks, and mid-cap stocks, a subset of the large-cap universe, outperformed large-cap stocks but underperformed small-cap stocks. Value stocks outperformed growth stocks as measured by the MSCI Emerging Markets indices.

182

12 Months Ended October 31, 2021

	Return in U.S. Dollars
MSCI Emerging Markets Index		16.96	%
MSCI Emerging Markets Mid Cap Index		31.20	%
MSCI Emerging Markets Small Cap Index		44.29	%
MSCI Emerging Markets Value Index		28.31	%
MSCI Emerging Markets Growth Index		7.38	%

For the 12 Months Ended October 31, 2021, the U.S. dollar depreciated against some emerging markets currencies and appreciated against others. Overall, currency movements had a positive impact on the U.S. dollar denominated returns of emerging markets.

12 Months Ended October 31, 2021

Ten Largest Emerging Markets by Market Cap Dollars	Local Return			Return in U.S.
China		-9.52	%		-9.21	%
Taiwan		38.36	%		42.32	%
Korea		27.78	%		24.08	%
India		51.78	%		50.21	%
Russia		64.53	%		81.80	%
Brazil		10.38	%		12.91	%
Saudi Arabia		56.07	%		56.04	%
South Africa		18.16	%		26.32	%
Mexico		42.35	%		47.44	%
Thailand		34.75	%		26.57	%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2021, all rights reserved.

For Portfolios investing in non-U.S. equities traded outside of the U.S. market time zone, differences in the valuation timing and methodology between a Portfolio and its benchmark index may impact relative performance over the referenced period. The Portfolios price foreign exchange rates at the closing of the U.S. market, while their benchmark indices use rates at 4 p.m. London time. The Portfolios also may use fair value pricing to price certain portfolio securities at the closing of the U.S. market, while benchmark indices may use local market closing prices. For the one-year period ended October 31, 2021, these differences generally detracted from the Portfolios’ relative performance.

The DFA International Value Series

The DFA International Value Series invests in developed ex U.S. large company value stocks. The investment strategy is process driven, emphasizing broad diversification, with increased exposure to stocks with smaller total market capitalizations, lower relative price (value), and higher-profitability within the large-cap value segment of developed ex U.S. markets. As of October 31, 2021, the Series held approximately 510 securities in 22 eligible developed markets. Average cash exposure throughout the year was less than 1% of the Series’ assets.

183

For the 12 months ended October 31, 2021, total returns were 51.09% for the Series and 35.59% for the MSCI World ex USA Index (net dividends), the Series’ benchmark. With low relative price (value) stocks outperforming high relative price (growth) stocks for the period, the Series’ focus on value stocks contributed positively to performance relative to the style-neutral benchmark.

The Japanese Small Company Series

The Japanese Small Company Series invests in Japanese small company stocks. The Series generally excludes stocks with the lowest profitability and highest relative price. Additionally, the Series generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Series held approximately 1,820 securities. Average cash exposure throughout the year was less than 1% of the Series’ assets.

For the 12 months ended October 31, 2021, total returns were 13.08% for the Series and 13.18% for the MSCI Japan Small Cap Index (net dividends), the Series’ benchmark. The Series’ greater emphasis on stocks with smaller market capitalizations detracted from performance relative to the benchmark, as these stocks underperformed. The Series’ exclusion of real estate investment trusts (REITs) also detracted from relative performance, as REITs generally outperformed. Conversely, the Series’ exclusion of stocks with the lowest profitability and highest relative price contributed positively to performance relative to the benchmark, as did the Series’ exclusion of stocks with high asset growth, as those stocks underperformed.

The Asia Pacific Small Company Series

The Asia Pacific Small Company Series invests in small company stocks in Australia, Hong Kong, New Zealand, and Singapore. The Series generally excludes stocks with the lowest profitability and highest relative price. Additionally, the Series generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Series held approximately 830 securities in 4 eligible countries. Average cash exposure throughout the year was less than 1% of the Series’ assets.

For the 12 months ended October 31, 2021, total returns were 38.31% for the Series and 34.27% for the MSCI Pacific ex Japan Small Cap Index (net dividends), the Series’ benchmark. The Series’ emphasis on stocks with smaller market capitalizations, particularly in Australia, contributed positively to relative performance, as larger stocks held by the index underperformed. The Series’ exclusion of real estate investment trusts (REITs) also contributed positively to relative performance, as REITs generally underperformed.

The United Kingdom Small Company Series

The United Kingdom Small Company Series invests in small company stocks in the U.K. The Series generally excludes stocks with the lowest profitability and highest relative price. Additionally, the Series generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Series held approximately 330 securities. Average cash exposure throughout the year was less than 1% of the Series’ assets.

184

For the 12 months ended October 31, 2021, total returns were 51.93% for the Series and 45.72% for the MSCI United Kingdom Small Cap Index (net dividends), the Series’ benchmark. The Series’ greater emphasis on stocks with smaller market capitalizations contributed positively to performance relative to the benchmark, as these stocks outperformed. The Series’ exclusion of stocks with the lowest profitability and highest relative price also contributed positively to relative performance, as those securities underperformed for the period.

The Continental Small Company Series

The Continental Small Company Series invests in small company stocks in the developed markets of Europe (excluding the U.K.) and Israel. The Series generally excludes stocks with the lowest profitability and highest relative price. Additionally, the Series generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Series held approximately 1,160 securities in 15 eligible countries. Average cash exposure throughout the year was less than 1% of the Series’ assets.

For the 12 months ended October 31, 2021, total returns were 51.24% for the Series and 49.80% for the MSCI Europe ex U.K. Small Cap Index (net dividends), the Series’ benchmark. The Series’ exclusion of stocks with the lowest profitability and highest relative price contributed positively to relative performance, as did the Series’ exclusion of stocks with high asset growth, as those securities underperformed for the year. Additionally, the Series’ exclusion of real estate investment trusts (REITs) contributed positively to relative performance, as REITs generally underperformed.

The Canadian Small Company Series

The Canadian Small Company Series invests in small company stocks in Canada. The Series generally excludes stocks with the lowest profitability and highest relative price. The Series also generally excludes certain companies with high asset growth. The investment strategy is process-driven, emphasizing broad diversification. As of October 31, 2021, the Series held approximately 330 securities. Average cash exposure throughout the year was less than 1% of the Series’ assets.

For the 12 months ended October 31, 2021, total returns were 59.72% for the Series and 53.21% for the MSCI Canada Small Cap Index (net dividends), the Series’ benchmark. The Series’ exclusion of stocks with the lowest profitability and highest relative price contributed positively to performance relative to the benchmark, as did the Series’ exclusion of stocks with high asset growth, as those securities underperformed for the period. The Series’ greater emphasis on stocks with smaller market capitalizations also contributed positively to performance relative to the benchmark, as these stocks outperformed.

The Emerging Markets Series

The Emerging Markets Series invests in large-cap stocks in emerging markets. The investment strategy is process driven, emphasizing broad diversification with increased exposure to stocks with smaller market capitalizations, lower relative price (value), and higher- profitability within the large-cap segment of emerging markets. As of October 31, 2021, the Series held approximately 1,720 securities in 24 eligible emerging markets. Average cash exposure throughout the year was less than 1% of the Series’ assets.

185

For the 12 months ended October 31, 2021, total returns were 22.22% for the Series and 16.96% for the MSCI Emerging Markets Index (net dividends), the Series’ benchmark. The Series’ greater emphasis on low relative price (value) stocks contributed positively to performance relative to the benchmark, as value stocks outperformed high relative price (growth) stocks in emerging markets for the period. The Series’ greater allocation to stocks with smaller market capitalizations within the large cap universe also contributed positively to relative performance, as these stocks outperformed their larger counterparts in emerging markets. The Portfolio’s emphasis on stocks with higher profitability also contributed positively to performance relative to the benchmark, as these stocks generally outperformed.

The Emerging Markets Small Cap Series

The Emerging Markets Small Cap Series invests in small company stocks in emerging markets. The Series generally excludes stocks with the lowest profitability and highest relative price. Additionally, the Series generally excludes certain companies with high asset growth. The investment strategy is process driven, emphasizing broad diversification. As of October 31, 2021, the Series held approximately 4,960 securities in 21 eligible emerging markets. Average cash exposure throughout the year was less than 1% of the Series’ assets.

For the 12 months ended October 31, 2021, total returns were 36.03% for the Series and 16.96% for the MSCI Emerging Markets Index (net dividends), the Series’ benchmark. With small-cap stocks outperforming large-cap stocks in emerging markets, the Series’ inclusion of stocks with smaller market capitalizations contributed positively to performance relative to the benchmark, which is composed primarily of large- and mid-cap stocks.

186

THE DFA INVESTMENT TRUST COMPANY

DISCLOSURE OF FUND EXPENSES

(Unaudited)

The following Expense Tables are shown so that you can understand the impact of fees on your investment. All mutual funds have operating expenses. As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports, among others. Operating expenses and legal and audit services, which are deducted from a fund’s gross income, directly reduce the investment return of the fund. A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs, in dollars, of investing in the fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.

The Expense Tables below illustrate your fund’s costs in two ways.

Actual Fund Return

This section helps you to estimate the actual expenses after fee waivers that you paid over the period. The “Ending Account Value” shown is derived from the fund’s actual return, and “Expenses Paid During Period” reflects the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.

To do so, simply divide your account value by $1,000 (for example, a $7,500 account value divided by $1,000 = 7.5), then multiply the result by the number given for your fund under the heading “Expenses Paid During Period.”

Hypothetical Example for Comparison Purposes

This section is intended to help you compare your fund’s costs with those of other mutual funds. The hypothetical “Ending Account Value” and “Expenses Paid During Period” are derived from the fund’s actual expense ratio and an assumed 5% annual return before expenses. In this case, because the return used is not the fund’s actual return, the results do not apply to your investment. The example is useful in making comparisons because the SEC requires all mutual funds to calculate expenses based on a 5% annual return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.

Please note that the expenses shown in the tables are meant to highlight and help you compare ongoing costs only and do not reflect any transactional costs, if applicable. The “Annualized Expense Ratio” represents the actual expenses for the six-month period indicated.

Six Months Ended October 31, 2021

EXPENSE TABLES

	Beginning		Ending					Expenses
	Account		Account		Annualized			Paid
	Value		Value		Expense			During
	05/01/21		10/31/21		Ratio (1)			Period (1)
The DFA International Value Series
Actual Fund Return	$	1,000.00	$	1,058.40		0.22	%	$	1.14
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.10		0.22	%	$	1.12
The Japanese Small Company Series
Actual Fund Return	$	1,000.00	$	1,017.20		0.12	%	$	0.61
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.60		0.12	%	$	0.61

187

DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning		Ending					Expenses
	Account		Account		Annualized			Paid
	Value		Value		Expense			During
	05/01/21		10/31/21		Ratio (1)			Period (1)
The Asia Pacific Small Company Series
Actual Fund Return	$	1,000.00	$	1,042.30		0.12	%	$	0.62
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.60		0.12	%	$	0.61
The United Kingdom Small Company Series
Actual Fund Return	$	1,000.00	$	1,017.60		0.12	%	$	0.61
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.60		0.12	%	$	0.61
The Continental Small Company Series
Actual Fund Return	$	1,000.00	$	1,058.70		0.12	%	$	0.62
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.60		0.12	%	$	0.61
The Canadian Small Company Series
Actual Fund Return	$	1,000.00	$	1,098.50		0.12	%	$	0.63
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.60		0.12	%	$	0.61
The Emerging Markets Series
Actual Fund Return	$	1,000.00	$	964.10		0.15	%	$	0.74
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.45		0.15	%	$	0.77
The Emerging Markets Small Cap Series
Actual Fund Return	$	1,000.00	$	1,008.40		0.27	%	$	1.37
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.84		0.27	%	$	1.38

(1) Expenses are equal to the fund’s annualized expense ratio for the six-month period, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period (184), then divided by the number of days in the year (365) to reflect the six-month period.

188

THE DFA INVESTMENT TRUST COMPANY

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

The SEC requires that all funds file a complete Schedule of Investments with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. For The DFA Investment Trust Company, this would be for the fiscal quarters ending January 31 and July 31. Such Form N-PORT filing must be made within 60 days of the end of the quarter. The DFA Investment Trust Company filed its most recent Form N-PORT with the SEC on September 24, 2021 (September 27, 2021 with respect to The United Kingdom Small Company Series). They are available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

SEC regulations permit a fund to include in its reports to shareholders a “Summary Schedule of Portfolio Holdings” in lieu of a full Schedule of Investments. The Summary Schedule of Portfolio Holdings reports the fund’s 50 largest holdings in unaffiliated issuers and any investments that exceed one percent of the fund’s net assets at the end of the reporting period. The regulations also require that the Summary Schedule of Portfolio Holdings identify each category of investments that are held.

A fund is required to file a complete Schedule of Investments with the SEC on Form N-CSR within ten days after mailing the annual and semi-annual reports to shareholders. It will be available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

PORTFOLIO HOLDINGS

The SEC requires that all funds present their categories of portfolio holdings in a table, chart, or graph format in their annual and semi-annual shareholder reports, whether or not a Schedule of Investments is used. The following table, which presents portfolio holdings as a percentage of total investments before short-term investments and collateral for loaned securities, is provided in compliance with this requirement. The categories shown below represent broad industry sectors. Each industry sector consists of one or more specific industry classifications.

INTERNATIONAL EQUITY PORTFOLIOS

The DFA International Value Series
Communication Services	4.8	%
Consumer Discretionary	14.7	%
Consumer Staples	4.5	%
Energy	12.6	%
Financials	30.7	%
Health Care	4.9	%
Industrials	11.3	%
Information Technology	0.9	%
Materials	11.8	%
Real Estate	2.3	%
Utilities	1.5	%
	100.0	%

The Japanese Small Company Series
Communication Services	3.1	%
Consumer Discretionary	14.4	%
Consumer Staples	7.3	%
Energy	1.0	%
Financials	8.4	%
Health Care	4.5	%
Industrials	30.5	%
Information Technology	15.5	%
Materials	12.1	%
Real Estate	1.7	%
Utilities	1.5	%
	100.0	%

The Asia Pacific Small Company Series
Communication Services	6.4	%
Consumer Discretionary	17.9	%
Consumer Staples	8.0	%
Energy	3.4	%
Financials	12.4	%
Health Care	6.0	%
Industrials	12.0	%
Information Technology	9.2	%
Materials	14.3	%
Real Estate	6.4	%
Utilities	4.0	%
	100.0	%

189

DISCLOSURE OF PORTFOLIO HOLDINGS

CONTINUED

The United Kingdom Small Company Series
Communication Services	3.8	%
Consumer Discretionary	20.0	%
Consumer Staples	6.8	%
Energy	2.3	%
Financials	16.7	%
Health Care	3.2	%
Industrials	25.8	%
Information Technology	8.6	%
Materials	6.6	%
Real Estate	3.7	%
Utilities	2.5	%
	100.0	%

The Continental Small Company Series
Communication Services	4.3	%
Consumer Discretionary	10.3	%
Consumer Staples	4.0	%
Energy	2.4	%
Financials	13.9	%
Health Care	6.8	%
Industrials	27.9	%
Information Technology	11.2	%
Materials	8.4	%
Real Estate	6.5	%
Utilities	4.3	%
	100.0	%

The Canadian Small Company Series
Communication Services	1.4	%
Consumer Discretionary	6.3	%
Consumer Staples	5.2	%
Energy	20.3	%
Financials	11.5	%
Health Care	1.5	%
Industrials	12.3	%
Information Technology	3.2	%
Materials	24.6	%
Real Estate	4.2	%
Utilities	9.5	%
	100.0	%

The Emerging Markets Series
Communication Services	9.5	%
Consumer Discretionary	12.1	%
Consumer Staples	6.7	%
Energy	4.7	%
Financials	19.4	%
Health Care	4.0	%
Industrials	6.7	%
Information Technology	20.7	%
Materials	11.0	%
Real Estate	2.6	%
Utilities	2.6	%
	100.0	%

The Emerging Markets Small Cap Series
Communication Services	4.4	%
Consumer Discretionary	13.1	%
Consumer Staples	6.7	%
Energy	2.0	%
Financials	8.6	%
Health Care	7.5	%
Industrials	15.5	%
Information Technology	16.5	%
Materials	13.8	%
Real Estate	6.9	%
Utilities	5.0	%
	100.0	%

190

THE DFA INTERNATIONAL VALUE SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

						Percentage
		Shares		Value»		of Net Assets‡
COMMON STOCKS — (94.7%)
AUSTRALIA — (6.0%)
	Australia & New Zealand Banking Group Ltd.		6,888,410	$	146,588,595		1.2	%
	National Australia Bank Ltd.		4,975,285		108,172,523		0.9	%
	Westpac Banking Corp.		8,060,284		156,813,850		1.3	%
	Other Securities				342,062,377		2.7	%
TOTAL AUSTRALIA					753,637,345		6.1	%
AUSTRIA — (0.0%)
	Other Securities				1,511,840		0.0	%
BELGIUM — (0.7%)
	Other Securities				84,789,324		0.7	%
CANADA — (9.4%)
#	Bank of Montreal		180,174		19,562,040		0.2	%
	Bank of Montreal		1,448,818		157,211,241		1.3	%
	Bank of Nova Scotia		495,702		32,499,402		0.3	%
	Bank of Nova Scotia		1,698,160		111,331,370		0.9	%
#	Canadian Imperial Bank of Commerce		907,318		110,093,685		0.9	%
	Canadian Imperial Bank of Commerce		248,491		30,132,019		0.3	%
	Canadian Natural Resources Ltd.		489,228		20,792,981		0.2	%
	Canadian Natural Resources Ltd.		3,476,035		147,766,248		1.2	%
	Other Securities				557,468,956		4.3	%
TOTAL CANADA					1,186,857,942		9.6	%
DENMARK — (2.2%)
	DSV AS		309,306		71,888,035		0.6	%
#	Vestas Wind Systems AS		1,973,579		85,317,056		0.7	%
	Other Securities				116,222,387		0.9	%
TOTAL DENMARK					273,427,478		2.2	%
FINLAND — (0.9%)
	Other Securities				117,103,920		1.0	%
FRANCE — (9.8%)
	AXA SA		1,974,356		57,439,907		0.5	%
#	BNP Paribas SA		1,824,346		122,116,632		1.0	%
	Cie de Saint-Gobain		1,844,395		127,286,369		1.0	%
	Cie Generale des Etablissements Michelin SCA		622,212		97,822,573		0.8	%
	Orange SA		5,978,647		65,196,841		0.5	%
	TotalEnergies SE		6,840,726		342,549,007		2.8	%
	Other Securities				425,218,764		3.5	%
TOTAL FRANCE					1,237,630,093		10.1	%
GERMANY — (6.5%)
	Allianz SE		559,039		129,814,638		1.1	%
	Bayerische Motoren Werke AG		1,003,964		101,436,507		0.8	%
	Daimler AG		2,568,275		254,933,183		2.1	%
	Volkswagen AG		111,321		36,190,216		0.3	%
	Other Securities				297,572,604		2.4	%
TOTAL GERMANY					819,947,148		6.7	%

191

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

						Percentage
		Shares		Value»		of Net Assets‡
HONG KONG — (1.9%)
	Other Securities			$	241,189,297		2.0	%
IRELAND — (0.4%)
	Other Securities				46,959,387		0.4	%
ISRAEL — (0.4%)
	Other Securities				50,389,622		0.4	%
ITALY — (1.9%)
	Intesa Sanpaolo SpA		21,991,838		62,504,673		0.5	%
	Other Securities				172,510,027		1.4	%
TOTAL ITALY					235,014,700		1.9	%
JAPAN — (20.4%)
	Hitachi Ltd.		997,700		57,492,003		0.5	%
	Honda Motor Co. Ltd.		3,522,000		104,173,232		0.8	%
	Mitsubishi Corp.		1,817,600		57,795,971		0.5	%
	ORIX Corp.		3,324,900		66,086,674		0.5	%
	SoftBank Group Corp.		1,571,580		85,081,195		0.7	%
	Takeda Pharmaceutical Co. Ltd.		2,595,871		72,855,226		0.6	%
	Toyota Motor Corp.		16,646,950		293,721,364		2.4	%
#	Toyota Motor Corp., Sponsored ADR		49,541		8,747,454		0.1	%
	Other Securities				1,825,296,083		14.8	%
TOTAL JAPAN					2,571,249,202		20.9	%
NETHERLANDS — (5.0%)
	ING Groep NV		4,722,058		71,628,435		0.6	%
	Koninklijke Ahold Delhaize NV		4,840,597		157,476,505		1.3	%
	Koninklijke DSM NV		340,858		74,470,035		0.6	%
	Stellantis NV		3,600,675		71,894,458		0.6	%
	Other Securities				248,451,361		2.0	%
TOTAL NETHERLANDS					623,920,794		5.1	%
NEW ZEALAND — (0.2%)
	Other Securities				30,228,390		0.2	%
NORWAY — (1.1%)
	Other Securities				132,380,863		1.1	%
PORTUGAL — (0.1%)
	Other Securities				9,221,253		0.1	%
SINGAPORE — (0.7%)
	Other Securities				88,513,432		0.7	%
SPAIN — (2.2%)
	Banco Bilbao Vizcaya Argentaria SA		9,200,845		64,388,674		0.5	%
#	Banco Santander SA		42,993,563		163,078,151		1.4	%
	Other Securities				50,876,176		0.4	%
TOTAL SPAIN					278,343,001		2.3	%
SWEDEN — (2.7%)
	Other Securities				337,295,776		2.7	%

192

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

						Percentage
		Shares		Value»		of Net Assets‡
SWITZERLAND — (8.3%)
	ABB Ltd.		1,805,001	$	59,715,251		0.5	%
	Cie Financiere Richemont SA		797,506		98,691,665		0.8	%
	Novartis AG		1,706,093		141,115,564		1.2	%
	Novartis AG, Sponsored ADR		794,280		65,734,613		0.5	%
	UBS Group AG		6,030,163		109,765,116		0.9	%
#	UBS Group AG		1,233,581		22,389,495		0.2	%
	Zurich Insurance Group AG		344,357		152,626,097		1.2	%
	Other Securities				392,342,286		3.2	%
TOTAL SWITZERLAND					1,042,380,087		8.5	%
UNITED KINGDOM — (13.9%)
	Aviva PLC		13,916,649		75,093,073		0.6	%
#	Barclays PLC, Sponsored ADR		7,035,082		78,722,568		0.6	%
	BP PLC		7,690,578		36,844,794		0.3	%
	BP PLC, Sponsored ADR		5,912,515		170,221,307		1.4	%
	British American Tobacco PLC		3,024,009		105,188,388		0.9	%
#	British American Tobacco PLC, Sponsored ADR		838,885		29,293,864		0.2	%
	Glencore PLC		23,897,614		119,501,940		1.0	%
	HSBC Holdings PLC		13,535,003		81,550,718		0.7	%
#	HSBC Holdings PLC, Sponsored ADR		2,324,211		69,889,024		0.6	%
	Lloyds Banking Group PLC		164,752,825		112,753,659		0.9	%
	Royal Dutch Shell PLC, Class B		283,225		6,499,652		0.0	%
	Royal Dutch Shell PLC, Sponsored ADR, Class B		8,519,230		390,521,503		3.2	%
	Vodafone Group PLC		58,351,986		86,002,139		0.7	%
#	Vodafone Group PLC, Sponsored ADR		4,011,201		59,967,459		0.5	%
	Other Securities				326,711,444		2.6	%
TOTAL UNITED KINGDOM					1,748,761,532		14.2	%
UNITED STATES — (0.0%)
	Other Security				1,789,521		0.0	%
TOTAL COMMON STOCKS					11,912,541,947		96.9	%
PREFERRED STOCKS — (1.4%)
GERMANY — (1.4%)
	Volkswagen AG		601,156		134,918,290		1.1	%
	Other Securities				44,965,817		0.4	%
TOTAL GERMANY					179,884,107		1.5	%
RIGHTS/WARRANTS — (0.0%)
CANADA — (0.0%)
	Other Security				275,183		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $10,175,872,330)					12,092,701,237
				Value†
SECURITIES LENDING COLLATERAL — (3.9%)
@§	The DFA Short Term Investment Fund		42,813,604		495,353,403		4.0	%
TOTAL INVESTMENTS—(100.0%) (Cost $10,671,138,666)				$	12,588,054,640		102.4	%

193

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

As of October 31, 2021, The DFA International Value Series had entered into the following outstanding futures contracts:

									Unrealized
	Number of		Expiration		Notional		Market		Appreciation
Description	Contracts		Date		Value		Value		(Depreciation)
Long Position Contracts:
S&P 500® Emini Index		384		12/17/21	$	85,247,563	$	88,262,400	$	3,014,837
Total Futures Contracts					$	85,247,563	$	88,262,400	$	3,014,837

Summary of the Series’ investments as of October 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
Australia		—	$	753,637,345		—	$	753,637,345
Austria		—		1,511,840		—		1,511,840
Belgium		—		84,789,324		—		84,789,324
Canada	$	1,186,857,942		—		—		1,186,857,942
Denmark		—		273,427,478		—		273,427,478
Finland		—		117,103,920		—		117,103,920
France		—		1,237,630,093		—		1,237,630,093
Germany		20,713,362		799,233,786		—		819,947,148
Hong Kong		—		241,189,297		—		241,189,297
Ireland		25,356,712		21,602,675		—		46,959,387
Israel		6,959,330		43,430,292		—		50,389,622
Italy		6,135,895		228,878,805		—		235,014,700
Japan		26,448,456		2,544,800,746		—		2,571,249,202
Netherlands		31,160,475		592,760,319		—		623,920,794
New Zealand		—		30,228,390		—		30,228,390
Norway		—		132,380,863		—		132,380,863
Portugal		—		9,221,253		—		9,221,253
Singapore		12,626,088		75,887,344		—		88,513,432
Spain		8,226,977		270,116,024		—		278,343,001
Sweden		—		337,295,776		—		337,295,776
Switzerland		105,717,225		936,662,862		—		1,042,380,087
United Kingdom		822,729,229		926,032,303		—		1,748,761,532
United States		1,789,521		—		—		1,789,521
Preferred Stocks
Germany		—		179,884,107		—		179,884,107
Rights/Warrants
Canada		—		275,183		—		275,183
Securities Lending Collateral		—		495,353,403		—		495,353,403
Futures Contracts**		3,014,837		—		—		3,014,837
TOTAL	$	2,257,736,049	$	10,333,333,428		—	$	12,591,069,477

** Valued at the unrealized appreciation/(depreciation) on the investment.

See accompanying Notes to Financial Statements.

194

THE JAPANESE SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

						Percentage
		Shares		Value»		of Net Assets‡
COMMON STOCKS — (98.2%)
COMMUNICATION SERVICES — (3.1%)
	Other Securities			$	105,693,477		3.1	%
CONSUMER DISCRETIONARY — (14.2%)
	Resorttrust, Inc.		523,464		9,276,381		0.3	%
	Takashimaya Co. Ltd.		914,300		8,465,774		0.3	%
	Other Securities				471,009,353		13.7	%
TOTAL CONSUMER DISCRETIONARY					488,751,508		14.3	%
CONSUMER STAPLES — (7.2%)
	Milbon Co. Ltd.		159,852		9,570,980		0.3	%
	Nippon Suisan Kaisha Ltd.		1,912,300		10,868,179		0.3	%
	Sapporo Holdings Ltd.		392,620		8,518,732		0.3	%
	Other Securities				219,656,754		6.4	%
TOTAL CONSUMER STAPLES					248,614,645		7.3	%
ENERGY — (0.9%)
	Other Securities				32,702,071		1.0	%
FINANCIALS — (8.2%)
	Credit Saison Co. Ltd.		735,700		9,019,474		0.3	%
	Hirogin Holdings, Inc.		1,512,200		8,331,078		0.3	%
	Jafco Group Co. Ltd.		204,100		12,931,197		0.4	%
	Other Securities				253,393,996		7.3	%
TOTAL FINANCIALS					283,675,745		8.3	%
HEALTH CARE — (4.4%)
	H.U. Group Holdings, Inc.		362,400		8,937,241		0.3	%
	Nipro Corp.		809,400		8,224,859		0.2	%
	Other Securities				134,032,273		3.9	%
TOTAL HEALTH CARE					151,194,373		4.4	%
INDUSTRIALS — (29.9%)
	Daiseki Co. Ltd.		292,755		13,664,852		0.4	%
	DMG Mori Co. Ltd.		728,000		12,536,750		0.4	%
*	Fujikura Ltd.		1,714,800		9,249,370		0.3	%
	Furukawa Electric Co. Ltd.		424,300		9,284,144		0.3	%
	GS Yuasa Corp.		375,183		8,167,598		0.2	%
	Hazama Ando Corp.		1,294,000		8,762,584		0.3	%
	Hitachi Zosen Corp.		1,034,779		8,113,625		0.2	%
	Inaba Denki Sangyo Co. Ltd.		327,400		7,853,534		0.2	%
	INFRONEER Holdings, Inc.		1,192,388		9,875,975		0.3	%
	Japan Steel Works Ltd.		348,100		10,226,224		0.3	%
	Meitec Corp.		166,200		9,996,518		0.3	%
	Mirait Holdings Corp.		583,135		11,215,268		0.3	%
	Nagase & Co. Ltd.		578,600		9,793,254		0.3	%
	Nichias Corp.		391,000		9,573,627		0.3	%
	Nishimatsu Construction Co. Ltd.		345,000		9,951,583		0.3	%
#	OSG Corp.		511,900		8,516,449		0.3	%
	Outsourcing, Inc.		768,100		14,734,721		0.4	%
	Penta-Ocean Construction Co. Ltd.		1,616,400		11,138,498		0.3	%

195

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

						Percentage
		Shares		Value»		of Net Assets‡
INDUSTRIALS — (Continued)
	Ushio, Inc.		651,100	$	11,648,428		0.4	%
	Other Securities				838,064,288		24.4	%
TOTAL INDUSTRIALS					1,032,367,290		30.2	%
INFORMATION TECHNOLOGY — (15.2%)
	Alps Alpine Co. Ltd.		1,039,300		10,155,061		0.3	%
#	Anritsu Corp.		636,100		10,548,092		0.3	%
	Daiwabo Holdings Co. Ltd.		582,700		10,258,415		0.3	%
	Ferrotec Holdings Corp.		232,000		7,782,329		0.2	%
	Macnica Fuji Electronics Holdings, Inc.		342,150		8,043,827		0.2	%
	Nippon Electric Glass Co. Ltd.		515,736		13,168,257		0.4	%
	NSD Co. Ltd.		508,160		9,682,738		0.3	%
	Tokyo Seimitsu Co. Ltd.		253,800		10,333,728		0.3	%
	Topcon Corp.		684,300		12,200,386		0.4	%
	Ulvac, Inc.		162,300		9,105,840		0.3	%
	Other Securities				423,947,927		12.4	%
TOTAL INFORMATION TECHNOLOGY					525,226,600		15.4	%
MATERIALS — (11.9%)
	ADEKA Corp.		602,400		13,400,601		0.4	%
#	Asahi Holdings, Inc.		464,800		8,295,809		0.3	%
	Dowa Holdings Co. Ltd.		208,205		8,695,455		0.3	%
	Kobe Steel Ltd.		1,495,100		8,784,296		0.3	%
	Mitsui Mining & Smelting Co. Ltd.		372,700		10,694,693		0.3	%
	Sumitomo Bakelite Co. Ltd.		192,800		8,664,946		0.3	%
	Toagosei Co. Ltd.		740,500		8,275,887		0.2	%
	Ube Industries Ltd.		430,100		8,013,345		0.2	%
	Yamato Kogyo Co. Ltd.		253,200		8,489,870		0.3	%
	Other Securities				326,086,787		9.4	%
TOTAL MATERIALS					409,401,689		12.0	%
REAL ESTATE — (1.7%)
	Other Securities				57,897,941		1.7	%
UTILITIES — (1.5%)
	Nippon Gas Co. Ltd.		684,000		8,484,055		0.3	%
	West Holdings Corp.		143,603		8,026,221		0.2	%
	Other Securities				35,924,861		1.0	%
TOTAL UTILITIES					52,435,137		1.5	%
TOTAL COMMON STOCKS (Cost $2,886,201,109)					3,387,960,476		99.2	%
				Value†
SECURITIES LENDING COLLATERAL — (1.8%)
@§	The DFA Short Term Investment Fund		5,314,587		61,489,772		1.8	%
TOTAL INVESTMENTS—(100.0%) (Cost $2,947,678,139)				$	3,449,450,248		101.0	%

196

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

Summary of the Series’ investments as of October 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		—	$	105,693,477		—	$	105,693,477
Consumer Discretionary		—		488,751,508		—		488,751,508
Consumer Staples		—		248,614,645		—		248,614,645
Energy		—		32,702,071		—		32,702,071
Financials		—		283,675,745		—		283,675,745
Health Care		—		151,194,373		—		151,194,373
Industrials	$	15,163,165		1,017,204,125		—		1,032,367,290
Information Technology		—		525,226,600		—		525,226,600
Materials		—		409,401,689		—		409,401,689
Real Estate		—		57,897,941		—		57,897,941
Utilities		—		52,435,137		—		52,435,137
Securities Lending Collateral		—		61,489,772		—		61,489,772
TOTAL	$	15,163,165	$	3,434,287,083		—	$	3,449,450,248

See accompanying Notes to Financial Statements.

197

THE ASIA PACIFIC SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

						Percentage
		Shares		Value»		of Net Assets‡
COMMON STOCKS — (97.8%)
AUSTRALIA — (59.7%)
*	AMP Ltd.		12,893,152	$	10,548,526		0.6	%
	ARB Corp. Ltd.		521,174		19,195,274		1.1	%
	Bapcor Ltd.		2,189,248		13,204,770		0.7	%
#	Breville Group Ltd.		681,670		15,172,506		0.8	%
	Brickworks Ltd.		486,532		8,731,553		0.5	%
	Carsales.com Ltd.		553,743		10,362,825		0.6	%
	Challenger Ltd.		2,321,555		12,194,726		0.7	%
*	Corporate Travel Management Ltd.		650,080		12,044,252		0.7	%
	Credit Corp. Group Ltd.		442,571		10,527,755		0.6	%
	CSR Ltd.		3,109,441		13,958,892		0.8	%
	Downer EDI Ltd.		2,071,013		9,901,826		0.6	%
	Eagers Automotive Ltd.		775,292		8,710,647		0.5	%
	Elders Ltd.		1,009,369		9,169,814		0.5	%
	Healius Ltd.		3,973,423		14,549,415		0.8	%
	Iluka Resources Ltd.		1,999,707		14,266,701		0.8	%
	IOOF Holdings Ltd.		3,815,495		11,809,268		0.7	%
	IRESS Ltd.		1,225,060		11,168,044		0.6	%
*	Lynas Rare Earths Ltd.		1,615,350		9,011,232		0.5	%
#	Metcash Ltd.		6,296,220		19,404,717		1.1	%
	nib holdings Ltd.		2,951,426		14,861,717		0.8	%
*	Orocobre Ltd.		2,264,756		15,294,789		0.8	%
	Orora Ltd.		5,931,076		14,837,472		0.8	%
	Pendal Group Ltd.		2,058,779		10,413,306		0.6	%
	Perpetual Ltd.		376,124		10,750,588		0.6	%
*	Perseus Mining Ltd.		8,114,950		9,622,883		0.5	%
	Premier Investments Ltd.		458,786		10,647,565		0.6	%
	Reliance Worldwide Corp. Ltd.		3,629,454		15,959,122		0.9	%
	Sandfire Resources Ltd.		2,725,681		11,481,645		0.6	%
	Sims Ltd.		1,175,465		12,796,166		0.7	%
	Spark Infrastructure Group		10,978,157		23,274,771		1.3	%
*	Star Entertainment Grp Ltd.		3,941,041		10,951,914		0.6	%
	Steadfast Group Ltd.		3,596,653		12,654,068		0.7	%
	Super Retail Group Ltd.		1,085,264		10,646,830		0.6	%
	Technology One Ltd.		1,674,190		15,547,005		0.9	%
*	Webjet Ltd.		2,061,672		9,866,315		0.5	%
*	Whitehaven Coal Ltd.		5,382,983		10,652,888		0.6	%
#*	Zip Co. Ltd.		1,986,170		9,816,301		0.5	%
	Other Securities				645,675,521		35.1	%
TOTAL AUSTRALIA					1,109,683,609		60.9	%
CHINA — (0.0%)
	Other Securities				138,963		0.0	%
HONG KONG — (21.0%)
	ASM Pacific Technology Ltd.		1,406,800		15,222,149		0.8	%
#	Kerry Logistics Network Ltd.		4,063,500		9,853,152		0.5	%
	Luk Fook Holdings International Ltd.		3,577,000		9,748,695		0.5	%
	Pacific Basin Shipping Ltd.		32,170,000		14,846,663		0.8	%
	VTech Holdings Ltd.		1,345,100		10,357,891		0.6	%
	Other Securities				331,012,861		18.2	%
TOTAL HONG KONG					391,041,411		21.4	%

198

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

						Percentage
		Shares		Value»		of Net Assets‡
NEW ZEALAND — (6.5%)
	Chorus Ltd.		2,826,320	$	12,906,707		0.7	%
#	Freightways Ltd.		976,177		9,063,774		0.5	%
	Infratil Ltd.		3,435,660		20,385,406		1.1	%
	Mainfreight Ltd.		156,515		10,085,924		0.6	%
	SKYCITY Entertainment Group Ltd.		4,937,567		11,322,406		0.6	%
	Summerset Group Holdings Ltd.		985,298		10,250,669		0.6	%
	Other Securities				46,763,116		2.5	%
TOTAL NEW ZEALAND					120,778,002		6.6	%
SINGAPORE — (10.5%)
	Sembcorp Industries Ltd.		6,027,400		8,995,759		0.5	%
	Singapore Press Holdings Ltd.		7,439,300		10,978,277		0.6	%
	Other Securities				176,291,309		9.7	%
TOTAL SINGAPORE					196,265,345		10.8	%
UNITED STATES — (0.1%)
	Other Securities				1,189,681		0.1	%
TOTAL COMMON STOCKS					1,819,097,011		99.8	%
PREFERRED STOCKS — (0.0%)
AUSTRALIA — (0.0%)
	Other Security				68,066		0.0	%
RIGHTS/WARRANTS — (0.0%)
AUSTRALIA — (0.0%)
	Other Securities				138		0.0	%
HONG KONG — (0.0%)
	Other Security				7,842		0.0	%
NEW ZEALAND — (0.0%)
	Other Security				15,450		0.0	%
SINGAPORE — (0.0%)
	Other Securities				16,264		0.0	%
TOTAL RIGHTS/WARRANTS					39,694		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $1,603,374,310)					1,819,204,771
				Value†
SECURITIES LENDING COLLATERAL — (2.2%)
@§	The DFA Short Term Investment Fund		3,509,676		40,606,949		2.2	%
TOTAL INVESTMENTS—(100.0%) (Cost $1,643,976,673)				$	1,859,811,720		102.0	%

199

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

Summary of the Series’ investments as of October 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
Australia	$	12,676	$	1,109,648,166	$	22,767		$	1,109,683,609
China		—		138,963		—			138,963
Hong Kong		—		390,169,707		871,704			391,041,411
New Zealand		—		120,778,002		—			120,778,002
Singapore		—		195,145,698		1,119,647			196,265,345
United States		—		1,189,681		—			1,189,681
Preferred Stocks
Australia		—		68,066		—			68,066
Rights/Warrants
Australia		—		138		—			138
Hong Kong		—		7,842		—			7,842
New Zealand		—		15,450		—			15,450
Singapore		—		16,264		—			16,264
Securities Lending Collateral		—		40,606,949		—			40,606,949
TOTAL	$	12,676	$	1,857,784,926	$	2,014,118	^	$	1,859,811,720

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

200

THE UNITED KINGDOM SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (99.2%)
COMMUNICATION SERVICES — (3.8%)
	Daily Mail & General Trust PLC, Class A		1,003,074	$	14,237,131		0.7	%
	Other Securities				57,764,428		3.1	%
TOTAL COMMUNICATION SERVICES					72,001,559		3.8	%
CONSUMER DISCRETIONARY — (19.8%)
	Bellway PLC		417,887		18,961,147		1.0	%
*	Countryside Properties PLC		2,922,469		18,812,341		1.0	%
	Domino’s Pizza Group PLC		3,262,553		17,283,266		0.9	%
*	Frasers Group PLC		1,628,144		14,351,413		0.8	%
	Games Workshop Group PLC		157,764		20,837,762		1.1	%
	Greggs PLC		636,335		26,596,851		1.4	%
	Inchcape PLC		2,550,326		28,784,465		1.5	%
*	Marks & Spencer Group PLC		7,572,745		19,035,955		1.0	%
	Pets at Home Group PLC		3,262,961		21,532,073		1.1	%
*	Playtech PLC		1,947,421		18,527,516		1.0	%
	Redrow PLC		1,602,850		14,112,668		0.8	%
	Vistry Group PLC		898,922		15,053,083		0.8	%
	Other Securities				142,754,262		7.5	%
TOTAL CONSUMER DISCRETIONARY					376,642,802		19.9	%
CONSUMER STAPLES — (6.7%)
	Britvic PLC		1,748,990		21,232,260		1.1	%
	Cranswick PLC		374,680		17,707,906		0.9	%
	Fevertree Drinks PLC		655,368		20,392,946		1.1	%
	Tate & Lyle PLC		2,419,131		21,435,384		1.1	%
	Other Securities				46,754,593		2.5	%
TOTAL CONSUMER STAPLES					127,523,089		6.7	%
ENERGY — (2.3%)
	Other Securities				44,336,800		2.3	%
FINANCIALS — (16.6%)
*	Beazley PLC		3,279,338		17,442,492		0.9	%
	Close Brothers Group PLC		970,236		19,112,250		1.0	%
	Hiscox Ltd.		1,621,850		18,452,426		1.0	%
	IG Group Holdings PLC		2,149,742		23,326,151		1.2	%
	Man Group PLC		9,599,081		30,488,754		1.6	%
	Paragon Banking Group PLC		1,977,656		14,825,635		0.8	%
	Quilter PLC		10,641,392		22,656,903		1.2	%
*	Virgin Money UK PLC		5,337,722		14,829,830		0.8	%
	Other Securities				154,697,225		8.1	%
TOTAL FINANCIALS					315,831,666		16.6	%
HEALTH CARE — (3.2%)
*	CVS Group PLC		436,875		14,888,932		0.8	%
	Other Securities				46,277,391		2.4	%
TOTAL HEALTH CARE					61,166,323		3.2	%
INDUSTRIALS — (25.6%)
	Bodycote PLC		1,252,104		13,714,783		0.7	%

201

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
INDUSTRIALS — (Continued)
	Diploma PLC		628,300	$	25,821,321		1.4	%
	Genuit Group PLC		1,416,533		12,853,080		0.7	%
	Grafton Group PLC		1,582,491		29,066,399		1.5	%
	Hays PLC		8,705,616		19,729,104		1.0	%
	IMI PLC		1,193,944		26,662,992		1.4	%
*	Meggitt PLC		2,411,365		24,757,023		1.3	%
	Pagegroup PLC		2,014,945		18,283,115		1.0	%
	Rotork PLC		5,214,504		25,207,456		1.3	%
	Travis Perkins PLC		1,046,773		22,129,674		1.2	%
	Ultra Electronics Holdings PLC		566,936		25,121,854		1.3	%
	Other Securities				243,351,972		12.9	%
TOTAL INDUSTRIALS					486,698,773		25.7	%
INFORMATION TECHNOLOGY — (8.5%)
	Computacenter PLC		514,578		18,918,353		1.0	%
	Softcat PLC		738,845		19,636,602		1.0	%
	Spectris PLC		433,873		22,323,692		1.2	%
	Spirent Communications PLC		4,206,131		16,515,848		0.9	%
	Other Securities				84,212,380		4.4	%
TOTAL INFORMATION TECHNOLOGY					161,606,875		8.5	%
MATERIALS — (6.5%)
	Hill & Smith Holdings PLC		545,011		13,677,859		0.7	%
	Marshalls PLC		1,408,571		13,643,131		0.7	%
	Synthomer PLC		2,263,160		15,684,931		0.8	%
	Victrex PLC		576,646		18,032,016		1.0	%
	Other Securities				63,589,179		3.4	%
TOTAL MATERIALS					124,627,116		6.6	%
REAL ESTATE — (3.7%)
	Grainger PLC		4,411,972		18,556,053		1.0	%
*	IWG PLC		3,858,261		16,364,344		0.9	%
	Savills PLC		986,247		19,181,608		1.0	%
	Other Securities				16,005,096		0.8	%
TOTAL REAL ESTATE					70,107,101		3.7	%
UTILITIES — (2.5%)
*	Centrica PLC		19,338,945		15,964,039		0.8	%
	Drax Group PLC		2,521,289		18,336,886		1.0	%
	Other Securities				13,045,684		0.7	%
TOTAL UTILITIES					47,346,609		2.5	%
TOTAL COMMON STOCKS (Cost $1,462,298,964)					1,887,888,713		99.5	%
				Value†
SECURITIES LENDING COLLATERAL — (0.8%)
@§	The DFA Short Term Investment Fund		1,351,028		15,631,396		0.8	%
TOTAL INVESTMENTS—(100.0%) (Cost $1,477,926,404)				$	1,903,520,109		100.3	%

202

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

Summary of the Series’ investments as of October 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	$	55,069	$	71,946,490		—	$	72,001,559
Consumer Discretionary		—		376,642,802		—		376,642,802
Consumer Staples		—		127,523,089		—		127,523,089
Energy		—		44,336,800		—		44,336,800
Financials		—		315,831,666		—		315,831,666
Health Care		—		61,166,323		—		61,166,323
Industrials		—		486,698,773		—		486,698,773
Information Technology		—		161,606,875		—		161,606,875
Materials		—		124,627,116		—		124,627,116
Real Estate		—		70,107,101		—		70,107,101
Utilities		—		47,346,609		—		47,346,609
Securities Lending Collateral		—		15,631,396		—		15,631,396
TOTAL	$	55,069	$	1,903,465,040		—	$	1,903,520,109

See accompanying Notes to Financial Statements.

203

THE CONTINENTAL SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (94.7%)
AUSTRIA — (3.1%)
	ANDRITZ AG		473,948	$	26,919,532		0.4	%
	Other Securities				187,051,424		2.9	%
TOTALAUSTRIA					213,970,956		3.3	%
BELGIUM — (3.8%)
	Ackermans & van Haaren NV		177,966		30,604,090		0.5	%
	D’ieteren Group		194,540		33,543,417		0.5	%
	Other Securities				197,897,761		3.0	%
TOTAL BELGIUM					262,045,268		4.0	%
CANADA — (0.0%)
	Other Security				709,749		0.0	%
DENMARK — (5.3%)
	Ringkjoebing Landbobank AS		195,777		24,871,398		0.4	%
	Royal Unibrew AS		331,556		41,187,654		0.6	%
#	SimCorp AS		271,754		32,907,854		0.5	%
	Other Securities				260,732,463		4.0	%
TOTAL DENMARK					359,699,369		5.5	%
FINLAND — (5.8%)
	Huhtamaki Oyj		673,038		29,346,505		0.4	%
#	Nokian Renkaat Oyj		768,570		28,861,457		0.4	%
#	Orion Oyj, Class B		636,552		27,564,996		0.4	%
	Valmet Oyj		924,559		37,533,401		0.6	%
	Other Securities				271,277,867		4.2	%
TOTAL FINLAND					394,584,226		6.0	%
FRANCE — (10.4%)
	Faurecia SE		649,627		33,928,710		0.5	%
	Rexel SA		2,125,412		42,245,103		0.7	%
*	SOITEC		135,169		35,988,721		0.6	%
	Other Securities				598,104,390		9.1	%
TOTAL FRANCE					710,266,924		10.9	%
GERMANY — (15.1%)
	Aurubis AG		287,587		24,781,328		0.4	%
	Freenet AG		1,000,321		25,763,506		0.4	%
	GEA Group AG		742,082		36,548,405		0.6	%
#	Gerresheimer AG		261,448		23,988,547		0.4	%
	Hugo Boss AG		459,212		28,754,576		0.4	%
*	K+S AG		1,479,794		25,500,212		0.4	%
	Lanxess AG		599,001		40,362,102		0.6	%
#	ProSiebenSat.1 Media SE		1,393,286		23,338,566		0.4	%
	Rheinmetall AG		309,902		30,068,830		0.5	%
	TAG Immobilien AG		1,033,296		31,392,640		0.5	%
	Other Securities				735,033,666		11.1	%
TOTAL GERMANY					1,025,532,378		15.7	%

204

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
IRELAND — (1.0%)
*	Bank of Ireland Group PLC		6,006,044	$	35,779,124		0.6	%
	Other Securities				30,504,504		0.4	%
TOTAL IRELAND					66,283,628		1.0	%
ISRAEL — (3.3%)
	Other Securities				225,995,115		3.4	%
ITALY — (8.3%)
	A2A SpA		12,233,648		25,743,846		0.4	%
	Azimut Holding SpA		906,940		26,118,330		0.4	%
#	Banco BPM SpA		12,107,842		37,652,859		0.6	%
	Hera SpA		5,824,869		23,830,941		0.4	%
	Italgas SpA		3,792,959		24,098,500		0.4	%
	Reply SpA		148,015		28,730,201		0.4	%
	Other Securities				396,359,830		6.0	%
TOTAL ITALY					562,534,507		8.6	%
NETHERLANDS — (6.7%)
	Aalberts NV		720,618		39,885,206		0.6	%
	Arcadis NV		543,636		26,497,175		0.4	%
	ASR Nederland NV		931,393		43,537,226		0.7	%
	BE Semiconductor Industries NV		464,004		42,394,069		0.7	%
	IMCD NV		226,957		50,394,583		0.8	%
W	Signify NV		673,043		32,613,232		0.5	%
	Other Securities				220,230,807		3.3	%
TOTAL NETHERLANDS					455,552,298		7.0	%
NORWAY — (2.0%)
	Other Securities				138,643,309		2.1	%
PORTUGAL — (0.7%)
	Other Securities				50,448,984		0.8	%
SPAIN — (5.2%)
*	Banco de Sabadell SA		36,662,284		29,505,685		0.5	%
	Bankinter SA		4,259,580		23,453,290		0.4	%
#	Enagas SA		1,045,470		23,459,790		0.4	%
	Other Securities				275,109,321		4.1	%
TOTAL SPAIN					351,528,086		5.4	%
SWEDEN — (8.8%)
	Other Securities				598,208,203		9.1	%
SWITZERLAND — (15.1%)
	Allreal Holding AG		118,457		25,053,150		0.4	%
*	ams AG		1,241,971		24,588,933		0.4	%
	Belimo Holding AG		62,238		36,184,269		0.6	%
	Bucher Industries AG		55,557		28,039,159		0.4	%
*	Flughafen Zurich AG		133,405		24,091,216		0.4	%
	Georg Fischer AG		32,352		48,950,258		0.8	%
	Helvetia Holding AG		249,056		29,635,381		0.5	%
	Interroll Holding AG		4,928		23,908,178		0.4	%
	PSP Swiss Property AG		341,202		42,652,293		0.7	%

205

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
SWITZERLAND — (Continued)
	Siegfried Holding AG		33,622	$	32,339,058		0.5	%
W	VAT Group AG		148,293		70,888,598		1.1	%
	Other Securities				641,701,155		9.5	%
TOTAL SWITZERLAND					1,028,031,648		15.7	%
UNITED KINGDOM — (0.1%)
	Other Securities				4,660,893		0.1	%
UNITED STATES — (0.0%)
	Other Security				1,294,368		0.0	%
TOTAL COMMON STOCKS					6,449,989,909		98.6	%
PREFERRED STOCKS — (0.9%)
GERMANY — (0.9%)
	Other Securities				61,732,488		1.0	%
RIGHTS/WARRANTS — (0.0%)
AUSTRIA — (0.0%)
	Other Securities				12,299		0.0	%
PORTUGAL — (0.0%)
	Other Security				13,912		0.0	%
SPAIN — (0.0%)
	Other Security				715,382		0.0	%
TOTAL RIGHTS/WARRANTS					741,593		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $4,543,679,052)					6,512,463,990
				Value†
SECURITIES LENDING COLLATERAL — (4.4%)
@§	The DFA Short Term Investment Fund		25,693,219		297,270,547		4.5	%
TOTAL INVESTMENTS—(100.0%) (Cost $4,840,922,007)				$	6,809,734,537		104.1	%

Summary of the Series’ investments as of October 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
Austria		—	$	213,970,956		—	$	213,970,956
Belgium	$	7,688,844		254,356,424		—		262,045,268
Canada		—		709,749		—		709,749
Denmark		—		359,699,369		—		359,699,369
Finland		—		394,584,226		—		394,584,226
France		—		710,226,064	$	40,860		710,266,924
Germany		14,482,505		1,011,049,873		—		1,025,532,378

206

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3			Total
Ireland		—	$	66,283,628		—		$	66,283,628
Israel	$	1,561,556		224,433,559		—			225,995,115
Italy		—		562,534,507		—			562,534,507
Netherlands		—		455,552,298		—			455,552,298
Norway		—		138,643,309		—			138,643,309
Portugal		—		50,448,984		—			50,448,984
Spain		—		351,528,086		—			351,528,086
Sweden		—		598,208,203		—			598,208,203
Switzerland		6,841,780		1,021,189,868		—			1,028,031,648
United Kingdom		—		4,660,893		—			4,660,893
United States		—		1,294,368		—			1,294,368
Preferred Stocks
Germany		—		61,732,488		—			61,732,488
Rights/Warrants
Austria		—		12,299		—			12,299
Portugal		—		13,912		—			13,912
Spain		—		715,382		—			715,382
Securities Lending Collateral		—		297,270,547		—			297,270,547
TOTAL	$	30,574,685	$	6,779,118,992	$	40,860	^	$	6,809,734,537

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

207

THE CANADIAN SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (84.0%)
COMMUNICATION SERVICES — (1.2%)
	Other Securities			$	20,392,287		1.4	%
CONSUMER DISCRETIONARY — (5.3%)
*	Aritzia, Inc.		463,368		18,248,672		1.3	%
	Linamar Corp.		249,534		13,724,773		1.0	%
	Other Securities				59,378,275		4.0	%
TOTAL CONSUMER DISCRETIONARY					91,351,720		6.3	%
CONSUMER STAPLES — (4.4%)
#	Maple Leaf Foods, Inc.		417,087		9,092,604		0.6	%
#	Premium Brands Holdings Corp., Class A		197,300		21,322,620		1.5	%
	Primo Water Corp.		813,424		12,948,006		0.9	%
	Other Securities				32,050,901		2.2	%
TOTAL CONSUMER STAPLES					75,414,131		5.2	%
ENERGY — (17.1%)
	ARC Resources Ltd.		2,991,363		28,690,593		2.0	%
	Crescent Point Energy Corp.		2,888,800		14,518,694		1.0	%
#	Crescent Point Energy Corp.		192,400		967,772		0.1	%
#	Enerplus Corp.		1,287,055		12,188,336		0.8	%
#	Gibson Energy, Inc.		940,791		18,958,733		1.3	%
#	Keyera Corp.		445,938		11,429,503		0.8	%
*	MEG Energy Corp.		2,470,617		22,138,932		1.5	%
#	Parex Resources, Inc.		786,291		15,267,108		1.1	%
#	Parkland Corp.		763,190		22,206,264		1.5	%
#	PrairieSky Royalty Ltd.		1,064,207		13,096,212		0.9	%
#	Whitecap Resources, Inc.		3,150,760		18,915,763		1.3	%
	Other Securities				115,895,851		8.0	%
TOTAL ENERGY					294,273,761		20.3	%
FINANCIALS — (9.6%)
#	Canadian Western Bank		475,702		15,217,390		1.0	%
	CI Financial Corp.		967,840		22,068,879		1.5	%
#	ECN Capital Corp.		2,488,693		21,637,311		1.5	%
#	Element Fleet Management Corp.		1,811,383		19,685,764		1.4	%
#*	Home Capital Group, Inc., Class B		303,217		9,839,362		0.7	%
#	Laurentian Bank of Canada		412,090		13,875,073		1.0	%
	Other Securities				63,879,527		4.3	%
TOTAL FINANCIALS					166,203,306		11.4	%
HEALTH CARE — (1.2%)
	Other Securities				21,366,735		1.5	%
INDUSTRIALS — (10.3%)
#*	ATS Automation Tooling Systems, Inc.		441,354		15,017,305		1.0	%
#*	Bombardier, Inc., Class B		6,140,801		9,874,106		0.7	%
	Finning International, Inc.		890,113		26,352,408		1.8	%
	LifeWorks, Inc.		401,948		10,389,719		0.7	%
	Richelieu Hardware Ltd.		361,973		12,778,442		0.9	%
#	SNC-Lavalin Group, Inc.		655,742		17,638,697		1.2	%

208

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
INDUSTRIALS — (Continued)
	Stantec, Inc.		287,574	$	15,893,715		1.1	%
	Other Securities				69,576,440		4.8	%
TOTAL INDUSTRIALS					177,520,832		12.2	%
INFORMATION TECHNOLOGY — (2.7%)
	Enghouse Systems Ltd.		263,395		11,422,438		0.8	%
#*	Kinaxis, Inc.		99,954		15,513,223		1.1	%
	Other Securities				19,131,094		1.3	%
TOTAL INFORMATION TECHNOLOGY					46,066,755		3.2	%
MATERIALS — (20.7%)
	Alamos Gold, Inc., Class A		2,157,397		16,002,666		1.1	%
	Alamos Gold, Inc., Class A		2,642		19,656		0.0	%
#	B2Gold Corp.		2,045,993		8,447,822		0.6	%
	B2Gold Corp.		1,728,490		7,155,949		0.5	%
#*	Capstone Mining Corp.		2,456,528		10,301,697		0.7	%
#	Centerra Gold, Inc.		1,270,606		9,527,493		0.7	%
#	Endeavour Mining PLC		421,513		10,708,128		0.7	%
#	Methanex Corp.		208,917		9,358,725		0.6	%
	Methanex Corp.		127,282		5,699,688		0.4	%
	SSR Mining, Inc.		988,019		15,583,490		1.1	%
#	SSR Mining, Inc.		184,815		2,916,381		0.2	%
	Stella-Jones, Inc.		301,231		10,814,232		0.7	%
#	Yamana Gold, Inc.		4,784,888		18,790,042		1.3	%
	Yamana Gold, Inc.		588,814		2,325,815		0.2	%
	Other Securities				229,187,240		15.8	%
TOTAL MATERIALS					356,839,024		24.6	%
REAL ESTATE — (3.5%)
#	Altus Group Ltd.		261,893		13,735,839		1.0	%
	Colliers International Group, Inc.		134,012		19,441,269		1.3	%
	Colliers International Group, Inc.		4,163		605,175		0.0	%
#	Tricon Residential, Inc.		706,476		10,280,893		0.7	%
	Other Securities				16,340,781		1.2	%
TOTAL REAL ESTATE					60,403,957		4.2	%
UTILITIES — (8.0%)
#	AltaGas Ltd.		508,361		10,523,763		0.7	%
	Atco Ltd., Class I		392,922		13,334,457		0.9	%
#	Boralex, Inc., Class A		549,954		17,019,423		1.2	%
#	Brookfield Infrastructure Corp., Class A		337,306		20,446,587		1.4	%
#	Capital Power Corp.		771,649		25,345,452		1.8	%
#	Innergex Renewable Energy, Inc.		652,084		10,854,015		0.8	%
#	Superior Plus Corp.		829,579		9,230,206		0.6	%
	TransAlta Corp.		1,784,708		20,015,956		1.4	%
#	TransAlta Renewables, Inc.		614,934		9,102,772		0.6	%
	Other Securities				2,067,716		0.1	%
TOTAL UTILITIES					137,940,347		9.5	%
TOTAL COMMON STOCKS					1,447,772,855		99.8	%

209

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
RIGHTS/WARRANTS — (0.0%)
ENERGY — (0.0%)
	Other Security			$	308,498		0.0	%
TOTAL RIGHTS/WARRANTS					308,498		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $1,069,056,866)					1,448,081,353
				Value†
SECURITIES LENDING COLLATERAL — (16.0%)
@§	The DFA Short Term Investment Fund		23,890,671		276,415,069		19.0	%
TOTAL INVESTMENTS—(100.0%) (Cost $1,345,455,217)				$	1,724,496,422		118.8	%

Summary of the Series’ investments as of October 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	$	20,392,287		—		—	$	20,392,287
Consumer Discretionary		91,314,123	$	37,597		—		91,351,720
Consumer Staples		75,414,131		—		—		75,414,131
Energy		294,213,404		60,357		—		294,273,761
Financials		166,203,306		—		—		166,203,306
Health Care		19,490,590		1,876,145		—		21,366,735
Industrials		177,520,832		—		—		177,520,832
Information Technology		46,066,755		—		—		46,066,755
Materials		356,051,981		787,043		—		356,839,024
Real Estate		60,403,957		—		—		60,403,957
Utilities		137,940,347		—		—		137,940,347
Rights/Warrants
Energy		—		308,498		—		308,498
Securities Lending Collateral		—		276,415,069		—		276,415,069
TOTAL	$	1,445,011,713	$	279,484,709		—	$	1,724,496,422

See accompanying Notes to Financial Statements.

210

THE EMERGING MARKETS SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (97.6%)
BRAZIL — (3.0%)
	Vale SA		2,960,013	$	37,557,408		0.6	%
	Other Securities				153,559,145		2.4	%
TOTAL BRAZIL					191,116,553		3.0	%
CHILE — (0.4%)
	Other Securities				26,696,504		0.4	%
CHINA — (31.5%)
*	Alibaba Group Holding Ltd.		714,100		14,683,794		0.3	%
*	Alibaba Group Holding Ltd., Sponsored ADR		929,746		153,352,305		2.4	%
*	Baidu, Inc., Class A		766,950		15,671,958		0.3	%
*	Baidu, Inc., Sponsored ADR		137,226		22,263,546		0.4	%
	BYD Co. Ltd., Class H		514,386		19,674,020		0.3	%
	China Construction Bank Corp., Class H		79,728,590		54,261,738		0.9	%
	China Gas Holdings Ltd.		6,299,200		15,722,928		0.3	%
	China Merchants Bank Co. Ltd., Class H		3,434,554		28,782,038		0.5	%
	China Overseas Land & Investment Ltd.		7,665,500		16,906,687		0.3	%
#	China Resources Land Ltd.		5,690,666		22,110,902		0.4	%
	CSPC Pharmaceutical Group Ltd.		17,069,200		17,811,704		0.3	%
	Geely Automobile Holdings Ltd.		8,400,000		29,153,372		0.5	%
	Industrial & Commercial Bank of China Ltd., Class H		53,639,185		29,402,967		0.5	%
*	JD.com, Inc., ADR		248,488		19,451,641		0.3	%
	Kweichow Moutai Co. Ltd., Class A		65,693		18,746,074		0.3	%
	Lenovo Group Ltd.		18,933,278		20,560,934		0.3	%
	Li Ning Co. Ltd.		1,623,500		17,915,414		0.3	%
*W	Meituan, Class B		1,192,700		40,585,923		0.7	%
	NetEase, Inc., ADR		271,103		26,456,942		0.4	%
	Ping An Insurance Group Co. of China Ltd., Class H		5,400,000		38,678,739		0.6	%
	Tencent Holdings Ltd.		3,951,600		240,375,009		3.8	%
*W	Wuxi Biologics Cayman, Inc.		1,151,000		17,434,142		0.3	%
*W	Xiaomi Corp., Class B		7,645,200		20,898,571		0.4	%
	Yum China Holdings, Inc.		543,135		31,002,146		0.5	%
	Other Securities				1,080,031,787		16.6	%
TOTAL CHINA					2,011,935,281		31.9	%
COLOMBIA — (0.2%)
	Other Securities				12,316,697		0.2	%
CZECH REPUBLIC — (0.1%)
	Other Securities				9,027,755		0.1	%
EGYPT — (0.1%)
	Other Securities				3,891,591		0.1	%
GREECE — (0.3%)
	Other Securities				16,700,764		0.3	%
HONG KONG — (0.1%)
	Other Securities				5,532,184		0.1	%
HUNGARY — (0.3%)
	Other Securities				21,255,120		0.3	%

211

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
INDIA — (13.3%)
	HDFC Bank Ltd.		2,163,503	$	45,977,515		0.7	%
	Hindustan Unilever Ltd.		531,688		16,988,292		0.3	%
	Housing Development Finance Corp. Ltd.		698,168		26,588,873		0.4	%
	Infosys Ltd.		1,828,393		40,997,003		0.7	%
	Infosys Ltd., Sponsored ADR		859,642		19,152,824		0.3	%
	Reliance Industries Ltd.		1,571,323		53,401,933		0.9	%
	Tata Consultancy Services Ltd.		680,063		30,968,780		0.5	%
	Tata Steel Ltd.		955,424		16,866,667		0.3	%
	Other Securities				598,311,580		9.4	%
TOTAL INDIA					849,253,467		13.5	%
INDONESIA — (1.7%)
	Bank Central Asia Tbk PT		32,282,500		17,070,253		0.3	%
	Other Securities				94,597,970		1.5	%
TOTAL INDONESIA					111,668,223		1.8	%
MALAYSIA — (1.5%)
	Other Securities				98,689,277		1.6	%
MEXICO — (2.1%)
#	America Movil SAB de CV		23,862,904		21,245,727		0.4	%
	Other Securities				109,965,104		1.7	%
TOTAL MEXICO					131,210,831		2.1	%
NETHERLANDS — (0.1%)
	Other Security				3,847,242		0.1	%
PERU — (0.1%)
	Other Securities				6,418,615		0.1	%
PHILIPPINES — (0.7%)
	Other Securities				47,693,384		0.8	%
POLAND — (0.9%)
	Other Securities				54,588,905		0.9	%
QATAR — (0.6%)
	Other Securities				37,606,118		0.6	%
RUSSIA — (1.3%)
	Sberbank of Russia PJSC, Sponsored ADR		998,144		20,017,792		0.3	%
	Other Securities				65,279,760		1.0	%
TOTAL RUSSIA					85,297,552		1.3	%
SAUDI ARABIA — (3.3%)
	Al Rajhi Bank		758,186		28,047,881		0.5	%
	Saudi Basic Industries Corp.		442,004		15,234,307		0.2	%
	Saudi National Bank		1,236,879		21,713,030		0.4	%
	Other Securities				144,192,509		2.2	%
TOTAL SAUDI ARABIA					209,187,727		3.3	%

212

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value »		Percentage of Net Assets‡
SOUTH AFRICA — (3.6%)
*	MTN Group Ltd.		2,885,932	$	25,878,521		0.4	%
	Other Securities				201,110,643		3.2	%
TOTAL SOUTH AFRICA					226,989,164		3.6	%
SOUTH KOREA — (13.1%)
	KB Financial Group, Inc.		376,407		18,219,547		0.3	%
	LG Chem Ltd.		28,624		20,539,289		0.3	%
	LG Electronics, Inc.		199,804		20,670,498		0.3	%
	POSCO		75,709		19,202,198		0.3	%
	Samsung Electronics Co. Ltd.		3,831,702		229,415,933		3.6	%
	Samsung Electronics Co. Ltd., GDR		105		157,220		0.0	%
	SK Hynix, Inc.		475,556		41,920,530		0.7	%
	Other Securities				489,256,441		7.8	%
TOTAL SOUTH KOREA					839,381,656		13.3	%
TAIWAN — (16.5%)
	Evergreen Marine Corp. Taiwan Ltd.		4,324,222		15,561,495		0.3	%
	Hon Hai Precision Industry Co. Ltd.		5,794,322		22,368,040		0.4	%
	MediaTek, Inc.		776,995		25,572,990		0.4	%
	Taiwan Semiconductor Manufacturing Co. Ltd.		15,380,808		326,385,203		5.2	%
	United Microelectronics Corp.		8,584,000		17,820,160		0.3	%
	Other Securities				649,615,769		10.2	%
TOTAL TAIWAN					1,057,323,657		16.8	%
THAILAND — (1.8%)
	Other Securities				115,888,768		1.8	%
TURKEY — (0.4%)
	Other Securities				28,003,484		0.4	%
UNITED ARAB EMIRATES — (0.6%)
	Other Securities				40,760,055		0.6	%
UNITED STATES — (0.0%)
	Other Security				1,379,532		0.0	%
TOTAL COMMON STOCKS					6,243,660,106		99.0	%
PREFERRED STOCKS — (0.7%)
BRAZIL — (0.7%)
	Other Securities				42,291,948		0.7	%
CHILE — (0.0%)
	Other Security				975,429		0.0	%
COLOMBIA — (0.0%)
	Other Securities				2,163,748		0.0	%
SOUTH KOREA — (0.0%)
	Other Securities				220,593		0.0	%
TOTAL PREFERRED STOCKS					45,651,718		0.7	%

213

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value »		Percentage of Net Assets‡
RIGHTS/WARRANTS — (0.0%)
THAILAND — (0.0%)
	Other Securities			$	372,849		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $3,711,438,631)					6,289,684,673
				Value†
SECURITIES LENDING COLLATERAL — (1.7%) @§      The DFA Short Term Investment Fund			9,324,531		107,884,825		1.7	%
TOTAL INVESTMENTS— (100.0%) (Cost $3,819,309,985)				$	6,397,569,498		101.4	%

As of October 31, 2021, The Emerging Markets Series had entered into the following outstanding futures contracts:

Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
E-Mini MSCI Emerging Markets Index.		650		12/17/21	$	42,358,988	$	41,015,000	$	(1,343,988	)
S&P 500® Emini Index.		26		12/17/21		5,584,545		5,976,100		391,555
Total Futures Contracts.					$	47,943,533	$	46,991,100	$	(952,433	)

Summary of the Series’ investments as of October 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
Brazil	$	191,116,553		—		—	$	191,116,553
Chile		13,782,759	$	12,913,745		—		26,696,504
China		354,617,905		1,652,811,475	$	4,505,901		2,011,935,281
Colombia		12,316,697		—		—		12,316,697
Czech Republic		—		9,027,755		—		9,027,755
Egypt		3,183		3,888,408		—		3,891,591
Greece		—		16,687,636		13,128		16,700,764
Hong Kong		930,840		4,601,344		—		5,532,184
Hungary		—		21,255,120		—		21,255,120
India		39,363,772		809,889,695		—		849,253,467
Indonesia		—		111,668,223		—		111,668,223
Malaysia		—		98,689,277		—		98,689,277
Mexico		131,210,831		—		—		131,210,831
Netherlands		—		3,847,242		—		3,847,242
Peru		6,418,615		—		—		6,418,615
Philippines		1,560,460		46,132,924		—		47,693,384
Poland		—		54,588,905		—		54,588,905
Qatar		—		37,606,118		—		37,606,118
Russia		15,912,841		69,384,711		—		85,297,552
Saudi Arabia		—		209,187,727		—		209,187,727
South Africa		40,943,383		186,045,781		—		226,989,164
South Korea		8,895,927		830,485,729		—		839,381,656

214

THE EMERGING MARKETS SERIES

CONTINUED

	Investments in Securities (Market Value)
	Level 1			Level 2		Level 3			Total
Taiwan	$	5,760,517		$	1,051,555,679	$	7,461		$	1,057,323,657
Thailand		115,888,768			—		—			115,888,768
Turkey		—			28,003,484		—			28,003,484
United Arab Emirates		—			40,760,055		—			40,760,055
United States		1,379,532			—		—			1,379,532
Preferred Stocks
Brazil		42,291,948			—		—			42,291,948
Chile		—			975,429		—			975,429
Colombia		2,163,748			—		—			2,163,748
South Korea		—			220,593		—			220,593
Rights/Warrants
Thailand		—			372,849		—			372,849
Securities Lending Collateral		—			107,884,825		—			107,884,825
Futures Contracts**		(952,433	)		—		—			(952,433	)
TOTAL	$	983,605,846		$	5,408,484,729	$	4,526,490	^	$	6,396,617,065

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

215

THE EMERGING MARKETS SMALL CAP SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (96.7%)
BRAZIL — (3.6%)
*	Petro Rio SA		3,259,660	$	13,555,445		0.3	%
	TOTVS SA		1,646,258		9,555,870		0.2	%
	Transmissora Alianca de Energia Eletrica SA		1,415,423		9,194,055		0.2	%
	Other Securities				157,659,109		3.0	%
TOTAL BRAZIL					189,964,479		3.7	%
CHILE — (0.5%)
	Other Securities				28,698,405		0.6	%
CHINA — (26.3%)
*	51job, Inc., ADR		134,562		8,014,513		0.2	%
	AAC Technologies Holdings, Inc.		2,265,000		9,789,819		0.2	%
#	Bosideng International Holdings Ltd.		13,134,000		10,176,925		0.2	%
	China Conch Venture Holdings Ltd.		2,567,000		12,473,940		0.3	%
	China Everbright Environment Group Ltd.		15,300,000		10,510,411		0.2	%
	China Medical System Holdings Ltd.		6,331,500		10,720,614		0.2	%
	China Meidong Auto Holdings Ltd.		2,280,000		11,778,083		0.2	%
#	China Power International Development Ltd.		17,284,333		8,683,460		0.2	%
#	China Resources Cement Holdings Ltd.		10,766,000		9,053,174		0.2	%
	China Resources Power Holdings Co. Ltd.		5,582,000		14,447,459		0.3	%
	China Taiping Insurance Holdings Co. Ltd.		6,435,200		9,792,382		0.2	%
	Chinasoft International Ltd.		9,800,000		16,363,347		0.3	%
	Dongfeng Motor Group Co. Ltd., Class H		8,526,000		7,940,750		0.2	%
#	Dongyue Group Ltd.		5,073,000		11,802,904		0.3	%
#*††	GCL-Poly Energy Holdings Ltd.		71,015,000		13,554,049		0.3	%
	Haitian International Holdings Ltd.		2,659,000		7,749,639		0.2	%
	Hengan International Group Co. Ltd.		2,283,500		11,933,416		0.3	%
	Hopson Development Holdings Ltd.		2,891,350		7,845,867		0.2	%
*W	Hua Hong Semiconductor Ltd.		2,037,000		10,222,196		0.2	%
#*	JinkoSolar Holding Co. Ltd., ADR		168,450		10,076,679		0.2	%
	Kingboard Holdings Ltd.		2,738,421		11,933,504		0.3	%
	Kingsoft Corp. Ltd.		3,235,800		13,807,297		0.3	%
	Kunlun Energy Co. Ltd.		13,120,000		11,949,431		0.3	%
	Minth Group Ltd.		3,117,000		12,388,331		0.3	%
	Nine Dragons Paper Holdings Ltd.		7,447,000		9,364,604		0.2	%
#	Shandong Weigao Group Medical Polymer Co. Ltd.,
	Class H		4,728,000		8,053,345		0.2	%
	Sinopharm Group Co. Ltd., Class H		3,858,800		9,162,773		0.2	%
	Wharf Holdings Ltd.		2,285,000		7,944,418		0.2	%
W	Yadea Group Holdings Ltd.		4,848,000		8,329,692		0.2	%
#	Yihai International Holding Ltd.		1,546,000		9,055,867		0.2	%
*	Zhuzhou CRRC Times Electric Co., Class H		1,775,000		8,481,861		0.2	%
	Other Securities				1,062,128,452		19.8	%
TOTAL CHINA					1,385,529,202		27.0	%
COLOMBIA — (0.2%)
	Other Securities				8,479,068		0.2	%
GREECE — (0.3%)
	Other Securities				16,354,784		0.3	%

216

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
HONG KONG — (0.2%)
	Other Securities			$	10,277,210		0.2	%
HUNGARY — (0.1%)
	Other Securities				4,328,456		0.1	%
INDIA — (14.8%)
	Adani Enterprises Ltd.		453,788		8,641,485		0.2	%
	Crompton Greaves Consumer Electricals Ltd.		1,658,783		10,335,675		0.2	%
	Mphasis Ltd.		249,485		10,818,021		0.2	%
	Persistent Systems Ltd.		231,687		12,169,563		0.2	%
	Tata Power Co. Ltd.		4,179,112		12,094,135		0.2	%
	Tube Investments of India Ltd.		445,137		8,319,447		0.2	%
	Zee Entertainment Enterprises Ltd.		2,031,434		8,203,858		0.2	%
	Other Securities				711,338,472		13.9	%
TOTAL INDIA					781,920,656		15.3	%
INDONESIA — (1.7%)
	Other Securities				90,677,432		1.8	%
MALAYSIA — (1.6%)
	Other Securities				86,798,444		1.7	%
MEXICO — (2.4%)
#*	Grupo Simec SAB de CV, Class B		959,651		7,924,532		0.2	%
*	Industrias CH SAB de CV, Class B		1,830,376		15,869,541		0.3	%
	Other Securities				101,377,483		1.9	%
TOTAL MEXICO					125,171,556		2.4	%
PHILIPPINES — (1.0%)
	Other Securities				54,455,930		1.1	%
POLAND — (1.2%)
	Grupa Kety SA		58,412		9,172,305		0.2	%
	Other Securities				51,404,701		1.0	%
TOTAL POLAND					60,577,006		1.2	%
QATAR — (0.5%)
	Other Securities				27,109,917		0.5	%
RUSSIA — (0.3%)
	Other Securities				15,459,484		0.3	%
SAUDI ARABIA — (2.7%)
	Other Securities				139,726,858		2.7	%
SOUTH AFRICA — (3.7%)
	Barloworld Ltd.		1,009,065		8,474,223		0.2	%
*	Foschini Group Ltd.		934,267		7,922,967		0.2	%
	SPAR Group Ltd.		617,202		7,880,596		0.2	%
#	Woolworths Holdings Ltd.		3,014,039		10,609,503		0.2	%
	Other Securities				162,316,269		3.0	%
TOTAL SOUTH AFRICA					197,203,558		3.8	%

217

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
SOUTH KOREA — (15.5%)
#	Wemade Co. Ltd.		85,510	$	13,380,561		0.3	%
	Other Securities				801,898,275		15.6	%
TOTAL SOUTH KOREA					815,278,836		15.9	%
TAIWAN — (16.4%)
#	TA Chen Stainless Pipe		6,855,946		10,848,523		0.2	%
	Other Securities				855,859,869		16.7	%
TOTAL TAIWAN					866,708,392		16.9	%
THAILAND — (2.5%)
	Other Securities				129,555,886		2.5	%
TURKEY — (0.7%)
	Other Securities				37,538,108		0.7	%
UNITED ARAB EMIRATES — (0.5%)
	Other Securities				24,862,263		0.5	%
UNITED KINGDOM — (0.0%)
	Other Security				881,800		0.0	%
TOTAL COMMON STOCKS.					5,097,557,730		99.4	%
PREFERRED STOCKS — (0.6%)
BRAZIL — (0.6%)
	Other Securities				29,697,009		0.6	%
CHILE — (0.0%)
	Other Security				653,901		0.0	%
PHILIPPINES — (0.0%)
	Other Security				569,875		0.0	%
THAILAND — (0.0%)
	Other Security				1,701,800		0.0	%
TOTAL PREFERRED STOCKS					32,622,585		0.6	%
RIGHTS/WARRANTS — (0.0%)
CHILE — (0.0%)
	Other Securities				287		0.0	%
INDONESIA — (0.0%)
	Other Security				6,211		0.0	%
SOUTH KOREA — (0.0%)
	Other Securities				25,734		0.0	%
TAIWAN — (0.0%)
	Other Securities				39,291		0.0	%

218

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
THAILAND — (0.0%)
	Other Securities.			$	192,848		0.0	%
TOTAL RIGHTS/WARRANTS					264,371		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $3,960,382,989).					5,130,444,686
				Value†
SECURITIES LENDING COLLATERAL — (2.7%)
@§	The DFA Short Term Investment Fund		12,375,122		143,180,163		2.8	%
TOTAL INVESTMENTS—(100.0%) (Cost $4,103,547,624).				$	5,273,624,849		102.8	%

As of October 31, 2021, The Emerging Markets Small Cap Series had entered into the following outstanding futures contracts:

									Unrealized
	Number of		Expiration		Notional		Market		Appreciation
Description	Contracts		Date		Value		Value		(Depreciation)
Long Position Contracts:
E-Mini MSCI Emerging Markets Index.		400		12/17/21	$	25,186,156	$	25,240,000	$	53,844
Total Futures Contracts.					$	25,186,156	$	25,240,000	$	53,844

Summary of the Series’ investments as of October 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
Brazil	$	189,964,479		—		—	$	189,964,479
Chile		53,743	$	28,644,662		—		28,698,405
China		88,808,409		1,273,676,800	$	23,043,993		1,385,529,202
Colombia		8,479,068		—		—		8,479,068
Greece		—		16,354,784		—		16,354,784
Hong Kong		1,120,518		8,861,567		295,125		10,277,210
Hungary		—		4,328,456		—		4,328,456
India		1,286,534		780,623,279		10,843		781,920,656
Indonesia		232,661		89,424,388		1,020,383		90,677,432
Malaysia		—		86,797,023		1,421		86,798,444
Mexico		118,747,907		6,406,078		17,571		125,171,556
Philippines		—		54,449,567		6,363		54,455,930
Poland		—		60,577,006		—		60,577,006
Qatar		—		27,109,917		—		27,109,917
Russia		15,459,484		—		—		15,459,484
Saudi Arabia		764,967		138,961,891		—		139,726,858
South Africa		7,373,876		189,829,682		—		197,203,558
South Korea		390,687		813,492,034		1,396,115		815,278,836
Taiwan		—		866,392,584		315,808		866,708,392
Thailand		129,543,804		—		12,082		129,555,886
Turkey		—		37,538,108		—		37,538,108
United Arab Emirates		—		24,786,935		75,328		24,862,263
United Kingdom		—		881,800		—		881,800

219

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Preferred Stocks
Brazil	$	29,618,432	$	78,577		—	$	29,697,009
Chile		—		653,901		—		653,901
Philippines		—		569,875		—		569,875
Thailand		1,701,800		—		—		1,701,800
Rights/Warrants
Chile		—		287		—		287
Indonesia		—		6,211		—		6,211
South Korea		—		25,734		—		25,734
Taiwan		—		39,291		—		39,291
Thailand		—		192,848		—		192,848
Securities Lending Collateral		—		143,180,163		—		143,180,163
Futures Contracts**		53,844		—		—		53,844
TOTAL	$	593,600,213	$	4,653,883,448	$	26,195,032^	$	5,273,678,693

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

220

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands)

	The DFA International Value Series*		The Japanese Small Company Series*		The Asia Pacific Small Company Series*		The United Kingdom Small Company Series*
ASSETS:
Investment Securities at Value (including $499,686, $126,139, $139,195 and $13,650 of securities on loan, respectively)	$	12,092,701	$	3,387,960	$	1,819,205	$	1,887,889
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $495,266, $61,477, $40,602 and $15,627, respectively)		495,353		61,490		40,607		15,631
Segregated Cash for Futures Contracts		4,416		—		—		—
Foreign Currencies at Value		76,624		1,399		4,461		5,028
Cash		111		1,080		71		500
Receivables:
Investment Securities Sold		60,993		3,578		5,517		1,844
Dividends, Interest and Tax Reclaims		79,542		24,682		216		5,823
Securities Lending Income		333		124		337		7
Futures Margin Variation		183		—		—		—
Unrealized Gain on Foreign Currency Contracts		48		5		1		—
Prepaid Expenses and Other Assets		1		—		—		—
Total Assets		12,810,305		3,480,318		1,870,415		1,916,722
LIABILITIES:
Payables:
Upon Return of Securities Loaned		495,235		61,522		40,608		15,631
Investment Securities Purchased		2,440		1,796		6,388		3,386
Due to Advisor		2,085		291		152		161
Line of Credit		11,495		—		—		—
Accrued Expenses and Other Liabilities		1,557		565		300		268
Total Liabilities		512,812		64,174		47,448		19,446
NET ASSETS	$	12,297,493	$	3,416,144	$	1,822,967	$	1,897,276
Investment Securities at Cost	$	10,175,872	$	2,886,201	$	1,603,374	$	1,462,299
Foreign Currencies at Cost	$	75,248	$	1,398	$	4,419	$	5,057

* See Note J in the Notes to Financial Statements for additional information about securities lending collateral.

See accompanying Notes to Financial Statements.

221

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands)

	The Continental Small Company Series*		The Canadian Small Company Series*		The Emerging Markets Series*		The Emerging Markets Small Cap Series*
ASSETS:
Investment Securities at Value (including $279,785, $271,498, $255,568 and $646,636 of securities on loan, respectively)	$	6,512,464	$	1,448,081	$	6,289,685	$	5,130,445
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $297,243, $276,398, $107,871 and $143,165, respectively)		297,271		276,415		107,885		143,180
Segregated Cash for Futures Contracts		—		—		2,671		1,459
Foreign Currencies at Value		3,116		1,148		35,516		13,480
Cash		5		2		21,819		—
Receivables:
Investment Securities Sold		1,462		1,655		8,411		44,515
Dividends, Interest and Tax Reclaims		23,213		643		5,014		5,242
Securities Lending Income		348		189		527		1,977
Unrealized Gain on Foreign Currency Contracts		—		—		—		3
Prepaid Expenses and Other Assets		—		—		—		1
Total Assets		6,837,879		1,728,133		6,471,528		5,340,302
LIABILITIES:
Payables:
Due to Custodian		—		—		—		78
Upon Return of Securities Loaned		297,321		276,415		107,898		143,144
Investment Securities Purchased		—		—		5,251		279
Due to Advisor		544		122		543		890
Line of Credit		—		—		—		26,819
Futures Margin Variation		—		—		576		1,406
Unrealized Loss on Foreign Currency Contracts		—		—		1		16
Deferred Taxes Payable		—		—		46,353		37,109
Accrued Expenses and Other Liabilities		909		188		1,576		1,842
Total Liabilities		298,774		276,725		162,198		211,583
NET ASSETS	$	6,539,105	$	1,451,408	$	6,309,330	$	5,128,719
Investment Securities at Cost	$	4,543,679	$	1,069,057	$	3,711,439	$	3,960,383
Foreign Currencies at Cost	$	3,111	$	1,147	$	32,760	$	11,272

* See Note J in the Notes to Financial Statements for additional information about securities lending collateral.

See accompanying Notes to Financial Statements.

222

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

	The DFA International Value Series#			The Japanese Small Company Series#			The Asia Pacific Small Company Series#			The United Kingdom Small Company Series#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $42,113, $7,717, $667 and $525, respectively)	$	442,829		$	69,576		$	61,273		$	45,323
Income from Securities Lending		4,302			1,944			3,634			478
Total Investment Income		447,131			71,520			64,907			45,801
Expenses
Investment Management Fees		24,048			3,206			1,834			1,924
Accounting & Transfer Agent Fees		541			144			78			81
Custodian Fees		879			385			200			81
Shareholders’ Reports		38			26			23			23
Directors’/Trustees’ Fees & Expenses		131			36			22			21
Professional Fees		191			38			22			24
Other		410			108			68			60
Total Expenses		26,238			3,943			2,247			2,214
Fees Paid Indirectly (Note C)		70			3			1			1
Net Expenses		26,168			3,940			2,246			2,213
Net Investment Income (Loss)		420,963			67,580			62,661			43,588
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		468,390			106,212			188,465			99,258
Affiliated Investment Companies Shares Sold		(27	)		4			(3	)		1
Futures		29,155			—			—			(120	)
Foreign Currency Transactions		4,495			(32	)		(238	)		291
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		3,710,810			204,124			322,334			602,698
Affiliated Investment Companies Shares		(30	)		(6	)		(1	)		(3	)
Futures		5,251			—			—			—
Translation of Foreign Currency-Denominated Amounts		(1,694	)		(657	)		8			25
Net Realized and Unrealized Gain (Loss)		4,216,350			309,645			510,565			702,150
Net Increase (Decrease) in Net Assets Resulting from Operations	$	4,637,313		$	377,225		$	573,226		$	745,738

** Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively.

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

223

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

	The Continental Small Company Series#			The Canadian Small Company Series#			The Emerging Markets Series#			The Emerging Markets Small Cap Series#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $21,096, $3,954, $20,102 and $14,942, respectively)	$	126,316		$	24,196		$	162,117		$	129,818
Income from Securities Lending		7,004			2,268			4,732			18,805
Total Investment Income		133,320			26,464			166,849			148,623
Expenses
Investment Management Fees		5,961			1,308			6,486			10,881
Accounting & Transfer Agent Fees		270			52			296			252
Custodian Fees.		698			75			2,262			2,743
Shareholders’ Reports.		28			15			30			30
Directors’/Trustees’ Fees & Expenses		64			15			74			61
Professional Fees		87			47			296			269
Other		229			40			234			245
Total Expenses		7,337			1,552			9,678			14,481
Fees Paid Indirectly (Note C)		8			2			49			26
Net Expenses.		7,329			1,550			9,629			14,455
Net Investment Income (Loss)		125,991			24,914			157,220			134,168
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		392,015			167,819			399,802			591,471
Affiliated Investment Companies Shares Sold		2			(11	)		—			(4	)
Futures.		—			42			13,167			5,812
Foreign Currency Transactions		(1,344	)		445			(3,699	)		(3,794	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		1,753,296			390,372			694,801			925,173
Affiliated Investment Companies Shares		(21	)		(6	)		(10	)		(6	)
Futures.		—			—			(990	)		(191	)
Translation of Foreign Currency-Denominated Amounts		(445	)		3			(9	)		(6	)
Net Realized and Unrealized Gain (Loss)		2,143,503			558,664			1,103,062			1,518,455
Net Increase (Decrease) in Net Assets Resulting from Operations.	$	2,269,494		$	583,578		$	1,260,282		$	1,652,623

** Net of foreign capital gain taxes withheld of $0, $0, $50 and $2,309, respectively.

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

224

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	The DFA International Value Series						The Japanese Small Company Series						The Asia Pacific Small Company Series
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	420,963		$	297,585		$	67,580		$	69,080		$	62,661		$	62,699
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		468,390			(566,996	)		106,212			(64,936	)		188,465			(77,003	)
Affiliated Investment Companies Shares Sold		(27	)		72			4			(9	)		(3	)		(11	)
Futures		29,155			40,717			—			—			—			608
Foreign Currency Transactions		4,495			3,123			(32	)		228			(238	)		(267	)
Change in Unrealized Appreciation
(Depreciation) of:
Investment Securities and Foreign Currency		3,710,810			(2,004,930	)		204,124			(116,647	)		322,334			(1,299	)
Affiliated Investment Companies Shares		(30	)		85			(6	)		9			(1	)		1
Futures		5,251			(3,281	)		—			—			—			—
Translation of Foreign
Currency-Denominated Amounts		(1,694	)		1,379			(657	)		182			8			1
Net Increase (Decrease) in Net Assets Resulting from Operations		4,637,313			(2,232,246	)		377,225			(112,093	)		573,226			(15,271	)
Transactions in Interest:
Contributions		152,792			1,038,679			441,236			71,736			105,831			82,954
Withdrawals		(1,974,162	)		(1,745,733	)		(345,470	)		(764,667	)		(383,104	)		(182,512	)
Net Increase (Decrease) from Transactions in Interest		(1,821,370	)		(707,054	)		95,766			(692,931	)		(277,273	)		(99,558	)
Total Increase (Decrease) in Net Assets		2,815,943			(2,939,300	)		472,991			(805,024	)		295,953			(114,829	)
Net Assets
Beginning of Year		9,481,550			12,420,850			2,943,153			3,748,177			1,527,014			1,641,843
End of Year	$	12,297,493		$	9,481,550		$	3,416,144		$	2,943,153		$	1,822,967		$	1,527,014

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0, $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0, $0 and $0, respectively.

See accompanying Notes to Financial Statements.

225

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	The United Kingdom Small Company Series						The Continental Small Company Series						The Canadian Small Company Series
	Year			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2021			2020			2021			2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	43,588		$	42,407		$	125,991		$	109,276		$	24,914		$	20,882
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		99,258			(34,350	)		392,015			92,887			167,819			(221,703	)
Affiliated Investment Companies Shares Sold		1			(1	)		2			(26	)		(11	)		(8	)
Futures		(120	)		(394	)		—			(260	)		42			—
Foreign Currency Transactions		291			(444	)		(1,344	)		1,299			445			(151	)
Change in Unrealized Appreciation
(Depreciation) of:
Investment Securities and Foreign Currency		602,698			(329,338	)		1,753,296			(384,869	)		390,372			206,814
Affiliated Investment Companies Shares		(3	)		4			(21	)		(9	)		(6	)		3
Translation of Foreign Currency-Denominated Amounts		25			(381	)		(445	)		825			3			(2	)
Net Increase (Decrease) in Net Assets Resulting from Operations		745,738			(322,497	)		2,269,494			(180,877	)		583,578			5,835
Transactions in Interest:
Contributions		46,399			5,810			513,046			135,156			164,451			6,817
Withdrawals		(370,643	)		(484,982	)		(845,380	)		(959,829	)		(267,504	)		(190,384	)
Net Increase (Decrease) from Transactions in Interest		(324,244	)		(479,172	)		(332,334	)		(824,673	)		(103,053	)		(183,567	)
Total Increase (Decrease) in Net Assets		421,494			(801,669	)		1,937,160			(1,005,550	)		480,525			(177,732	)
Net Assets
Beginning of Year		1,475,782			2,277,451			4,601,945			5,607,495			970,883			1,148,615
End of Year	$	1,897,276		$	1,475,782		$	6,539,105		$	4,601,945		$	1,451,408		$	970,883

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $0, $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $0, $0 and $0, respectively.

See accompanying Notes to Financial Statements.

226

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	The Emerging Markets Series						The Emerging Markets Small Cap Series
	Year			Year			Year			Year
	Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2021			2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	157,220		$	137,835		$	134,168		$	145,155
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		399,802			52,822			591,471			(389,082	)
Affiliated Investment Companies Shares Sold		—			(9	)		(4	)		(5	)
Futures		13,167			20,410			5,812			16,698
Foreign Currency Transactions		(3,699	)		(3,976	)		(3,794	)		(4,808	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		694,801			21,823			925,173			127,570
Affiliated Investment Companies Shares		(10	)		3			(6	)		(2	)
Futures		(990	)		(366	)		(191	)		(512	)
Translation of Foreign Currency-Denominated Amounts		(9	)		(16	)		(6	)		(103	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,260,282			228,526			1,652,623			(105,089	)
Transactions in Interest:
Contributions		553,796			607,207			95,865			184,927
Withdrawals		(1,229,073	)		(1,145,570	)		(1,526,723	)		(1,603,251	)
Net Increase (Decrease) from Transactions in Interest		(675,277	)		(538,363	)		(1,430,858	)		(1,418,324	)
Total Increase (Decrease) in Net Assets		585,005			(309,837	)		221,765			(1,523,413	)
Net Assets
Beginning of Year		5,724,325			6,034,162			4,906,954			6,430,367
End of Year	$	6,309,330		$	5,724,325		$	5,128,719		$	4,906,954

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $50 and $2,309, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $163 and $163, respectively.

See accompanying Notes to Financial Statements.

227

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

	The DFA International Value Series															The Japanese Small Company Series
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Total Return		51.09	%		(18.68	%)		3.60	%		(8.10	%)		26.53	%		13.08	%		(1.93	%)		4.47	%		(7.46	%)		27.10	%
Net Assets, End of Year (thousands)	$	12,297,493		$	9,481,550		$	12,420,850		$	12,153,340		$	12,732,150		$	3,416,144		$	2,943,153		$	3,748,177		$	3,834,097		$	3,989,049
Ratio of Expenses to Average Net Assets		0.22	%		0.21	%		0.21	%		0.22	%		0.22	%		0.12	%		0.13	%		0.12	%		0.12	%		0.13	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.22	%		0.22	%		0.22	%		0.22	%		0.22	%		0.12	%		0.13	%		0.12	%		0.12	%		0.13	%
Ratio of Net Investment Income to Average Net Assets		3.50	%		2.77	%		3.92	%		3.21	%		3.33	%		2.11	%		2.13	%		2.32	%		1.90	%		1.90	%
Portfolio Turnover Rate		9	%		12	%		16	%		20	%		17	%		11	%		5	%		12	%		17	%		13	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

228

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

	The Asia Pacific Small Company Series															The United Kingdom Small Company Series
	Year			Year			Year			Year			Year			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2019			2018			2017			2021			2020			2019			2018			2017
Total Return		38.31	%		0.14	%		5.27	%		(8.14	%)		16.21	%		51.93	%		(14.87	%)		10.67	%		(8.90	%)		29.87	%
Net Assets, End of Year (thousands)	$	1,822,967		$	1,527,014		$	1,641,843		$	1,730,371		$	1,815,705		$	1,897,276		$	1,475,782		$	2,277,451		$	2,188,825		$	2,329,912
Ratio of Expenses to Average Net Assets		0.12	%		0.13	%		0.13	%		0.13	%		0.13	%		0.12	%		0.12	%		0.11	%		0.11	%		0.12	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.12	%		0.13	%		0.13	%		0.13	%		0.13	%		0.12	%		0.12	%		0.12	%		0.11	%		0.12	%
Ratio of Net Investment Income to Average Net Assets		3.42	%		4.21	%		4.11	%		3.96	%		3.82	%		2.27	%		2.38	%		3.43	%		3.23	%		3.40	%
Portfolio Turnover Rate		19	%		18	%		18	%		18	%		14	%		12	%		9	%		18	%		14	%		9	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

229

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

	The Continental Small Company Series															The Canadian Small Company Series
	Year			Year			Year			Year			Year			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2019			2018			2017			2021			2020			2019			2018			2017
Total Return		51.24	%		(2.23	%)		8.43	%		(10.78	%)		34.27	%		59.72	%		6.02	%		1.00	%		(10.44	%)		12.10	%
Net Assets, End of Year (thousands)	$	6,539,105		$	4,601,945		$	5,607,495		$	5,422,260		$	5,751,059		$	1,451,408		$	970,883		$	1,148,615		$	1,146,811		$	1,190,222
Ratio of Expenses to Average Net Assets		0.12	%		0.12	%		0.12	%		0.12	%		0.13	%		0.12	%		0.12	%		0.12	%		0.12	%		0.12	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.12	%		0.12	%		0.13	%		0.12	%		0.13	%		0.12	%		0.12	%		0.12	%		0.12	%		0.12	%
Ratio of Net Investment Income to Average Net Assets		2.11	%		2.15	%		2.74	%		2.51	%		2.33	%		1.90	%		2.08	%		2.37	%		2.11	%		2.14	%
Portfolio Turnover Rate		17	%		8	%		17	%		15	%		13	%		27	%		18	%		12	%		14	%		22	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

230

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

	The Emerging Markets Series															The Emerging Markets Small Cap Series
	Year			Year			Year			Year			Year			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2021			2020			2019			2018			2017			2021			2020			2019			2018			2017
Total Return		22.22	%		2.67	%		11.40	%		(11.83	%)		25.26	%		36.03	%		1.25	%		13.47	%		(16.06	%)		21.55	%
Net Assets, End of Year (thousands)	$	6,309,330		$	5,724,325		$	6,034,162		$	5,469,649		$	6,723,207		$	5,128,719		$	4,906,954		$	6,430,367		$	6,306,302		$	7,253,457
Ratio of Expenses to Average Net Assets		0.15	%		0.13	%		0.14	%		0.14	%		0.15	%		0.27	%		0.25	%		0.24	%		0.24	%		0.27	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.15	%		0.14	%		0.15	%		0.14	%		0.15	%		0.27	%		0.26	%		0.25	%		0.24	%		0.27	%
Ratio of Net Investment Income to Average Net Assets		2.42	%		2.38	%		3.04	%		2.40	%		2.23	%		2.47	%		2.64	%		2.90	%		2.77	%		2.78	%
Portfolio Turnover Rate		19	%		22	%		9	%		12	%		8	%		16	%		18	%		12	%		12	%		15	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

231

THE DFA INVESTMENT TRUST COMPANY

NOTES TO FINANCIAL STATEMENTS

A. Organization:

The DFA Investment Trust Company (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940, The Trust consists of ten operational portfolios, eight of which, The DFA International Value Series, The Japanese Small Company Series, The Asia Pacific Small Company Series, The United Kingdom Small Company Series, The Continental Small Company Series, The Canadian Small Company Series, The Emerging Markets Series and The Emerging Markets Small Cap Series are included in this section of the report (collectively, the “Series”). The remaining operational portfolios are presented in separate reports. The Series are investment companies, and accordingly, follow the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”), Topic 946, “Financial Services-Investment Companies.”

B. Significant Accounting Policies:

The following significant accounting policies are in conformity with accounting principles generally accepted in the United States of America. Such policies are consistently followed by the Trust in preparation of its financial statements. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the fair value of investments, the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates, and those differences could be material.

1. Security Valuation: The Series 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 Series’ own assumptions in determining the fair value of investments)

Securities held by the Series, including over-the-counter securities, are valued at the last quoted sale price of the day. International equity securities are subject to a fair value factor, as described later in this note. Securities held by the Series 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 Series value 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.

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 Trustees of the Trust. 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 the Series is calculated. When fair value pricing is used, the prices of securities used by the Series 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 or Level 3 in the hierarchy.

232

The Series will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the time that the net asset values of the Series are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the Series price their shares at the close of the NYSE, the Series will fair-value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the Series’ foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Trustees of the Series has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the Series uses data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When a Series uses fair value pricing, the values assigned to the Series’ foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

Futures contracts held by the Series 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.

Over-the-counter derivative contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 in the hierarchy.

A summary of the inputs used to value the Series’ investments by each major security type, industry and/or country is disclosed previously in this note. Valuation hierarchy tables have been included at the end of the Summary Schedules of Portfolio Holdings. The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

2. Foreign Currency Translation: Securities and other assets and liabilities of the Series, whose values are initially expressed in foreign currencies are translated to U.S. dollars using the mean between the most recent bid and ask prices for the U.S. dollar as quoted by generally recognized reliable sources. To facilitate the translation, the Series enter into foreign currency contracts. A foreign currency contract is a spot agreement between two parties to buy and sell currencies at current market exchange rates, for settlement generally within two business days. Dividend and interest income and certain expenses are translated to U.S. dollars at the rate of exchange on their respective accrual dates. Receivables and payables denominated in foreign currencies are marked-to-market daily based on daily exchange rates and exchange gains or losses are realized upon ultimate receipt or disbursement.

The Series do not isolate the effect of foreign currency rate fluctuations when determining the realized gain or loss upon the sale or maturity of foreign currency-denominated debt obligations pursuant to U.S. Federal income tax regulations; such amounts are categorized as foreign exchange gain or loss for income tax reporting purposes.

Realized gains or losses on foreign currency transactions represent net foreign exchange gains or losses from the disposition of foreign currencies, currency gains or losses realized between the trade and settlement dates of securities transactions, and the difference between amounts of interest, dividends and any foreign withholding taxes recorded on the books of the Series and the U.S. dollar equivalent amounts actually received or paid.

3. Deferred Compensation Plan: Each eligible Trustee of the Trust may elect to participate in the Fee Deferral Plan for Independent Directors and Trustees (the “Plan”). Under the Plan, effective January 1, 2002, such Trustees may defer payment of all or a portion of their total fees earned as a Trustee. These deferred amounts may be treated as though such amounts had been invested in shares of the following funds: the U.S. Large Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Large Company Portfolio, U.S. Vector Equity Portfolio, U.S. Micro Cap Portfolio, DFA International Value Portfolio, International Core Equity Portfolio, Emerging Markets Portfolio, Emerging Markets Core Equity Portfolio, DFA Inflation-Protected Securities Portfolio, and/or DFA Two-Year Global Fixed Income Portfolio. Contributions made under the Plan and the change in unrealized appreciation (depreciation) and income are included in Directors’/ Trustees’ Fees & Expenses.

233

The Trustees may receive their distributions of proceeds by one of the following methods: lump sum, annual installments over a period of agreed-upon years, or quarterly installments over a period of agreed-upon years. Each Trustee shall have the right in a notice of election (the “Notice”) to defer the receipt of the Trustee’s deferred compensation until a date specified by such Trustee in the Notice. The date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Trustee ceases to be a member of the Board of Trustees of the Trust; and (ii) five years following the effective date of the Trustee’s first deferral election. If a Trustee who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Trustee’s deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Trustee ceases to be a member of the Board (unless the Trustee files an amended Notice selecting a different distribution date).

4. Other: Security transactions are accounted for as of the trade date. Costs used in determining realized gains and losses on the sale of investment securities and foreign currency are accounted for on the basis of identified cost. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities and that represent a return of capital or capital gains are recorded as a reduction of cost of investments or as a realized gain, respectively. The Series estimate the character of received distributions that may be considered return of capital distributions. Interest income is recorded on an accrual basis. Discount and premium on securities purchased are amortized over the lives of the respective securities, using the effective interest method. Expenses directly attributable to a Series are directly charged. Common expenses of the Trust or Series are allocated using methods approved by the Board of Trustees, generally based on average net assets.

The Series may be subject to taxes imposed by countries in which they invest with respect to their investments in issuers existing or operating in such countries. Such taxes are generally based on income earned or repatriated and capital gains realized on the sale of such investments. The Series accrue such taxes when the related income or capital gains are earned or throughout the holding period. Some countries require governmental approval for the repatriation of investment income, capital or the proceeds of sales earned by foreign investors. Additionally, if there is a deterioration in a country’s balance of payments or for other reasons, a country may impose temporary restrictions on foreign capital remittances abroad.

The Emerging Markets Series and The Emerging Markets Small Cap Series are subject to tax on short-term and long-term capital gains for investments in India. Such taxes are accrued on a daily basis and due upon sale of individual securities.

C. Investment Advisor:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Series. For the year ended October 31, 2021, investment management fees were accrued daily and paid monthly to the Advisor based on the following effective annual rates of average daily net assets:

The DFA International Value Series	0.20	%
The Japanese Small Company Series	0.10	%
The Asia Pacific Small Company Series	0.10	%
The United Kingdom Small Company Series	0.10	%
The Continental Small Company Series	0.10	%
The Canadian Small Company Series	0.10	%
The Emerging Markets Series	0.10	%
The Emerging Markets Small Cap Series	0.20	%

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Earned Income Credit:

Additionally, the Series have entered into arrangements with their custodian whereby net interest earned on uninvested cash balances was used to reduce a portion of the Series’ custody expenses. Custody expense in the accompanying financial statements is presented before reduction for credits. The impact of such credits is generally less than one basis point of each Series’ net assets. During the year ended October 31, 2021, expenses reduced were as follows (amounts in thousands):

	Fees Paid
	Indirectly
The DFA International Value Series	$	70
The Japanese Small Company Series		3
The Asia Pacific Small Company Series		1
The United Kingdom Small Company Series		1
The Continental Small Company Series		8
The Canadian Small Company Series		2
The Emerging Markets Series		49
The Emerging Markets Small Cap Series		26

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Trustees of the Advisor are also Officers and Trustees of the Trust; however, such Officers and Trustees (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Trust. For the year ended October 31, 2021, the total related amounts paid by the Trust to the CCO were $26 (in thousands). The total related amounts paid by each of the Series are included in Other Expenses on the Statements of Operations.

D. Deferred Compensation:

As of October 31, 2021, the total liability for deferred compensation to Trustees is included in Accrued Expenses and Other Liabilities on the Statements of Assets and Liabilities as follows (amounts in thousands):

The DFA International Value Series	$	389
The Japanese Small Company Series		101
The Asia Pacific Small Company Series		52
The United Kingdom Small Company Series		62
The Continental Small Company Series		141
The Canadian Small Company Series		32
The Emerging Markets Series		176
The Emerging Markets Small Cap Series		150

E. Purchases and Sales of Securities:

For the year ended October 31, 2021, the Series’ transactions related to investment securities, other than short-term securities, in-kind redemptions and U.S. Government securities (amounts in thousands), were as follows:

	Purchases		Sales
The DFA International Value Series	$	1,057,912	$	2,455,633
The Japanese Small Company Series	$	508,748	$	350,428
The Asia Pacific Small Company Series	$	343,076	$	514,881
The United Kingdom Small Company Series	$	217,918	$	364,730
The Continental Small Company Series	$	966,589	$	1,164,474
The Canadian Small Company Series	$	347,529	$	402,802
The Emerging Markets Series	$	1,231,500	$	1,751,073
The Emerging Markets Small Cap Series	$	846,765	$	2,091,552

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There were no purchases or sales of long-term U.S. government securities.

For the year ended October 31, 2021, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.

The amounts presented below may differ from the respective amounts presented in the corresponding Summary Schedule of Portfolio Holdings, Statement of Assets and Liabilities or Statement of Operations due to rounding. The amounts are as follows (amounts in thousands):

										Change in
							Net Realized			Unrealized
	Balance at		Purchases		Proceeds		Gain/(Loss)			Appreciation/			Balance at		Shares as of		Dividend		Capital Gain
	October 31, 2020		at Cost		from Sales		on Sales			Depreciation			October 31, 2021		October 31, 2021		Income		Distributions
The DFA International Value Series
The DFA Short Term Investment Fund	$	264,011	$	5,234,731	$	5,003,332	$	(27	)	$	(30	)	$	495,353		42,814	$	372		—
Total	$	264,011	$	5,234,731	$	5,003,332	$	(27	)	$	(30	)	$	495,353		42,814	$	372		—
The Japanese Small Company Series
The DFA Short Term Investment Fund	$	57,849	$	466,337	$	462,694	$	4		$	(6	)	$	61,490		5,315	$	39		—
Total	$	57,849	$	466,337	$	462,694	$	4		$	(6	)	$	61,490		5,315	$	39		—
The Asia Pacific Small Company Series
The DFA Short Term Investment Fund	$	42,048	$	240,238	$	241,675	$	(3	)	$	(1	)	$	40,607		3,510	$	26		—
Total	$	42,048	$	240,238	$	241,675	$	(3	)	$	(1	)	$	40,607		3,510	$	26		—
The United Kingdom Small Company Series
The DFA Short Term Investment Fund	$	31,246	$	119,684	$	135,297	$	1		$	(3	)	$	15,631		1,351	$	17		—
Total	$	31,246	$	119,684	$	135,297	$	1		$	(3	)	$	15,631		1,351	$	17		—
The Continental Small
Company Series
The DFA Short Term Investment Fund	$	324,418	$	1,169,762	$	1,196,890	$	2		$	(21	)	$	297,271		25,693	$	188		—
Total	$	324,418	$	1,169,762	$	1,196,890	$	2		$	(21	)	$	297,271		25,693	$	188		—
The Canadian Small Company Series
The DFA Short Term Investment Fund	$	146,332	$	1,107,263	$	977,163	$	(11	)	$	(6	)	$	276,415		23,891	$	126		—
Total	$	146,332	$	1,107,263	$	977,163	$	(11	)	$	(6	)	$	276,415		23,891	$	126		—

236

										Change in
							Net Realized			Unrealized
	Balance at		Purchases		Proceeds		Gain/(Loss)			Appreciation/			Balance at		Shares as of		Dividend		Capital Gain
	October 31, 2020		at Cost		from Sales		on Sales			Depreciation			October 31, 2021		October 31, 2021		Income		Distributions
The Emerging Markets Series
The DFA Short Term Investment Fund	$	86,837	$	576,356	$	555,298		—		$	(10	)	$	107,885		9,325	$	57		—
Total	$	86,837	$	576,356	$	555,298		—		$	(10	)	$	107,885		9,325	$	57		—
The Emerging Markets Small Cap Series
The DFA Short Term Investment Fund	$	122,611	$	544,541	$	523,962	$	(4	)	$	(6	)	$	143,180		12,375	$	90		—
Total	$	122,611	$	544,541	$	523,962	$	(4	)	$	(6	)	$	143,180		12,375	$	90		—

F. Federal Income Taxes:

No provision for federal income taxes is required since the Series are treated as partnerships for federal income tax purposes. Any net investment income and realized and unrealized gains and losses have been deemed to have been “passed down” to their respective partners.

As of October 31, 2021, the total cost and aggregate gross unrealized appreciation (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes, as follows (amounts in thousands):

								Net
								Unrealized
	Federal		Unrealized		Unrealized			Appreciation
	Tax Cost		Appreciation		(Depreciation)			(Depreciation)
The DFA International Value Series	$	10,742,970	$	2,741,089	$	(895,956	)	$	1,845,133
The Japanese Small Company Series		3,036,953		763,330		(350,827	)		412,503
The Asia Pacific Small Company Series		1,685,638		452,057		(277,883	)		174,174
The United Kingdom Small Company Series		1,501,097		609,599		(207,176	)		402,423
The Continental Small Company Series		4,892,350		2,378,869		(461,485	)		1,917,384
The Canadian Small Company Series		1,375,270		436,055		(86,829	)		349,226
The Emerging Markets Series		3,848,753		2,821,339		(269,763	)		2,551,576
The Emerging Markets Small Cap Series		4,224,484		1,705,745		(656,617	)		1,049,128

The difference between GAAP-basis and tax-basis unrealized gains (losses) is can occur as a result of wash sales and net mark to market gains (losses) on regulated futures contracts, net mark-to-market gain/loss on foreign currency contracts, and differences in the tax treatment of passive foreign investment company investments.

ASC 740 Accounting for Uncertainty in Income Taxes sets forth a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Management has analyzed the Series’ tax positions and has concluded that no additional provision for income tax is required in any Series’ financial statements. The Series are not aware of any tax positions for which it is more likely than not that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Series’ federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

237

G. Financial Instruments:

In accordance with the Series’ investment objectives and policies, the Series 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:

1. Foreign Market Risks: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States of America. Consequently, acquisition and disposition of international securities held by the Series may be inhibited.

Series that have significant exposure to certain countries, such as The United Kingdom Small Company Series that concentrates investments in the United Kingdom, can be expected to be impacted by the political and economic conditions within such countries. For example, there is continuing uncertainty around the future of the euro and the European Union (EU) following the United Kingdom’s (UK) exit from the EU (referred to as “Brexit”). Brexit may cause greater market volatility and illiquidity, currency fluctuations, deterioration in economic activity, a decrease in business confidence, and increased likelihood of a recession in the UK. While it is not possible to determine the precise impact these events may have on the Series, during this period and beyond, the impact on the UK, EU countries, other countries or parties that transact with the UK and EU, and the broader global economy could be significant and could adversely affect the value and liquidity of the Series’ investments.

Derivative Financial Instruments:

Summarized below are the specific types of derivative instruments used by the Series.

2. Futures Contracts: The Series listed below 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 Series. Upon entering into a futures contract, a Series 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 Series as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Series records 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, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Series could lose more than the initial margin requirements. Entering into stock index futures subjects the Series 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.

Securities have been segregated as collateral for open futures contracts.

The average volume (based on the open positions at each fiscal month-end) of derivative activity for the year ended October 31, 2021 was as follows (amounts in thousands):

	Futures*
The DFA International Value Series	$	94,192
The Canadian Small Company Series		143
The Emerging Markets Series		66,202
The Emerging Markets Small Cap Series	$	36,430

* Average Notional Value of futures contracts

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The following is a summary of the Series’ derivative instrument holdings categorized by primary risk exposure as of October 31, 2021 (amounts in thousands):

	Asset Derivatives Value
	Total Value
	at		Equity
	October 31, 2021		Contracts*,(1)
The DFA International Value Series	$	3,015	$	3,015
The Emerging Markets Series		392		392
The Emerging Markets Small Cap Series		54		54

	Liability Derivatives Value
	Total Value
	at			Equity
	October 31, 2021			Contracts (2)
The Emerging Markets Series	$	(1,344	)	$	(1,344	)

(1) Presented on Statements of Assets and Liabilities as Receivables or Payables: Futures Margin Variation.

(2) Presented on Statements of Assets and Liabilities as Receivables or Payables: Futures Margin Variation.

* Includes cumulative appreciation (depreciation) of futures contracts. Only current day’s margin variation is reported within the Statements of Assets and Liabilities.

The following is a summary of the realized and change in unrealized gains and losses from the Series’ derivative instrument holdings categorized by primary risk exposure for the year ended October 31, 2021 (amounts in thousands):

	Realized Gain (Loss) on
	Derivatives
				Equity
	Total			Contracts (1)
The DFA International Value Series	$	29,155		$	29,155
The United Kingdom Small Company Series		(120	)		(120	)*
The Canadian Small Company Series		42			42	*
The Emerging Markets Series		13,167			13,167
The Emerging Markets Small Cap Series		5,812			5,812

	Change in Unrealized Appreciation
	(Depreciation) on Derivatives
				Equity
	Total			Contracts (2)
The DFA International Value Series	$	5,251		$	5,251
The Emerging Markets Series		(990	)		(990	)
The Emerging Markets Small Cap Series		(191	)		(191	)

(1) Presented on Statements of Operations as Net Realized Gain (Loss) on: Futures.

(2) Presented on Statements of Operations as Change in Unrealized Appreciation (Depreciation) of: Futures.

* As of October 31, 2021, there were no futures contracts outstanding. During the year ended October 31, 2021, the Series had limited activity in futures contracts.

239

H. Line of Credit and Interfund Lending Program:

The Trust, together with other Dimensional-advised portfolios, has entered into a $500 million uncommitted, unsecured discretionary line of credit effective April 7, 2021, with its domestic custodian bank. A line of credit with similar terms was in effect through April 7, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $500 million in the aggregate. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The agreement for the line of credit expires on April 6, 2022.

The Trust, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 2, 2021. A line of credit with similar terms was in effect through January 2, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The line of credit agreement expires on January 1, 2022.

For the year ended October 31, 2021, borrowings by the following Series under the lines of credit were as follows (amounts in thousands, except percentages and days):

	Weighted			Weighted		Number of		Interest		Maximum Amount		Outstanding
	Average			Average		Days		Expense		Borrowed During		Borrowings
	Interest Rate			Loan Balance		Outstanding*		Incurred		the Period		as of 10/31/2021
The DFA International Value Series		0.84	%	$	9,260		30	$	7	$	24,333	$	11,495
The Japanese Small Company Series		0.84	%		6,222		15		2		13,135		—
The Asia Pacific Small Company Series		0.83	%		2,110		53		3		30,520		—
The United Kingdom Small Company Series		0.84	%		168		8		—		578		—
The Continental Small Company Series		0.83	%		44		1		—		44		—
The Canadian Small Company Series		0.83	%		1,329		4		—		4,792		—
The Emerging Markets Series		0.84	%		7,027		13		2		16,724		—
The Emerging Markets Small Cap Series		0.83	%		11,697		24		6		38,728		26,817

* Number of Days Outstanding represents the total single or consecutive days during the year ended October 31, 2021, that each Series’ available line of credit was used.

240

Pursuant to an exemptive order issued by the SEC (the “Order”), the Series may participate in an interfund lending program among certain portfolios managed by the Advisor (portfolios that operate as feeder funds do not participate in the program). The program allows the participating portfolios to borrow money from and loan money to each other for temporary or emergency purposes, subject to the conditions in the Order. A loan can only be made through the program if the interfund loan rate on that day is more favorable to both the borrowing and lending portfolios as compared to rates available through short-term bank loans or investments in overnight repurchase agreements and money market funds, respectively, as detailed in the Order. Further, a portfolio may participate in the program only if and to the extent that such participation is consistent with its investment objectives and limitations. Interfund loans have a maximum duration of seven days and may be called on one business day’s notice.

For the year ended October 31, 2021, activity by the Series under the interfund lending program was as follows (amounts in thousands, except percentages and days):

			Weighted			Weighted		Number of		Interest		Maximum Amount		Outstanding
	Borrower or		Average			Average Loan		Days		Expense/		Borrowed/Loaned		Borrowings
	Lender		Interest Rate			Balance		Outstanding*		Income		During the Period		as of 10/31/2021
The DFA International Value Series		Borrower		0.44	%	$	58,886		1	$	1	$	58,886		—
The Asia Pacific Small Company Series		Borrower		0.41	%		49,458		2		1		53,238		—

* Number of Days Outstanding represents the total of single or consecutive days during the year ended October 31, 2021 that the Series’ utilized the interfund lending program.

I. Affiliated Trades:

Cross trades for the year ended October 31, 2021, if any, were executed by the Series pursuant to procedures adopted by the Board of Trustees of the Trust to ensure compliance with Rule 17a-7 under the Investment Company Act of 1940 (the “1940 Act”). Cross trading is the buying or selling of portfolio securities between series of investment companies, or between a series of an investment company and another entity, that are or could be considered affiliates by virtue of a common investment advisor (or affiliated investment advisors), common Trustees and/or common Officers. At its regularly scheduled meetings, the CCO certifies to the Board that the 17a-7 transactions entered into by the Series complied with the Rule 17a-7 Procedures adopted by the Board of Trustees of the Trust.

For the year ended October 31, 2021, cross trades by the Series under Rule 17a-7 were as follows (amounts in thousands):

Series	Purchases		Sales			Realized Gain (Loss)
The DFA International Value Series	$	139,462	$	107,328		$	1,830
The Japanese Small Company Series		34,237		17,480	��		3,830
The Asia Pacific Small Company Series		6,846		57,762			28,154
The United Kingdom Small Company Series		30,321		22,619			5,186
The Continental Small Company Series		32,712		81,693			28,056
The Canadian Small Company Series		24,127		76,420			23,603
The Emerging Markets Series		15,292		3,269			413
The Emerging Markets Small Cap Series		1,244		21,122			7,251

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J. Securities Lending:

As of October 31, 2021, each Series had securities on loan to brokers/dealers, for which each such Series received cash collateral. The Series also received non-cash collateral consisting of short- and/or long-term U.S. Treasuries and U.S. government agency securities as follows (amounts in thousands):

	Non-Cash
	Collateral
	Market
	Value
The DFA International Value Series	$	30,754
The Japanese Small Company Series		74,105
The Asia Pacific Small Company Series		113,646
The Continental Small Company Series		14,824
The Canadian Small Company Series		8,455
The Emerging Markets Series		176,351
The Emerging Markets Small Cap Series		554,856

Each Series invests the cash collateral, as described below, and records a liability for the return of the collateral, during the period the securities are on loan. Loans of securities are expected at all times to be secured by collateral in an amount (i) equal to at least 100% of the current market value of the loaned securities with respect to securities of the U.S. government or its agencies, (ii) generally equal to 102% of the current market value of the loaned securities with respect to U.S. securities, and (iii) generally equal to 105% of the current market value of the loaned securities with respect to foreign securities. However, daily market fluctuations could cause the Series’ collateral to be lower or higher than the expected thresholds. If this were to occur, the collateral would be adjusted the next business day to ensure adequate collateralization. In the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings. If the borrower fails to return loaned securities, cash collateral being maintained by the borrower is insufficient to cover the value of loaned securities, and such collateral insufficiency is not the result of investment losses, the lending agent has agreed to pay the amount of the shortfall to the Series or, at the option of the lending agent, to replace the securities. In the event of the bankruptcy of the borrower, the Series could experience delay in recovering the loaned securities or only recover cash or a security of equivalent value.

Subject to their stated investment policies, each Series will generally invest the cash collateral received for the loaned securities in The DFA Short Term Investment Fund (the “Money Market Series”), an affiliated registered money market fund advised by the Advisor for which the Advisor receives a management fee of 0.05% of the average daily net assets of the Money Market Series. Income received from the Money Market Series is netted with fees for securities lending and collateral investment expenses and with other payments to and from borrowers of securities. The Series also may invest the cash collateral received for the loaned securities in securities of the U.S. government or its agencies, repurchase agreements collateralized by securities of the U.S. government or its agencies, and affiliated or unaffiliated money market funds that are registered or unregistered. For purposes of this paragraph, agencies include both agency debentures and agency mortgage-backed securities. Additionally, each Series will be able to terminate the loan at any time and will receive reasonable interest on the loan, as well as amounts equal to any dividends, interest or, other distributions on the loaned securities. However, dividend income received from loaned securities may not be eligible for taxation at qualified dividend income rates.

242

The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2021 (amounts in thousands):

	Remaining Contractual Maturity of the Agreements As of October 31, 2021
	Overnight and				Between
	Continuous		<30 days		30 & 90 days		>90 days		Total
Securities Lending Transactions
The DFA International Value Series
Common Stocks	$	495,235		—		—		—	$	495,235
The Japanese Small Company Series
Common Stocks		61,522		—		—		—		61,522
The Asia Pacific Small Company Series
Common Stocks		40,608		—		—		—		40,608
The United Kingdom Small Company Series
Common Stocks		15,631		—		—		—		15,631
The Continental Small Company Series
Common Stocks, Rights/Warrants		297,321		—		—		—		297,321
The Canadian Small Company Series
Common Stocks, Rights/Warrants		276,415		—		—		—		276,415
The Emerging Markets Series
Common Stocks		107,898		—		—		—		107,898
The Emerging Markets Small Cap Series
Common Stocks		143,144		—		—		—		143,144

K. Indemnitees; Contractual Obligations:

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust.

In the normal course of business, the Trust enters into contracts that contain a variety of representations and warranties that provide general indemnification. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust and/or its affiliates that have not yet occurred. However, based on experience, the Trust expects the risk of loss to be remote.

L. Recently Issued Accounting Standards and Regulations:

In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU No. 2021-01, with further amendments to Topic 848. The amendments in the ASUs provide optional temporary accounting recognition and financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the LIBOR and other interbank-offered based reference rates as of the end of 2021 and 2023. The ASUs are effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management has reviewed the requirements and believes the adoption of these ASUs will not have a material impact on the Series’ financial statements.

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 Series could enter, eliminate the asset segregation framework currently used by the Series 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 Series are required to comply on August 19, 2022. Management is currently evaluating the effect, if any, the Derivatives Rule will have on the Series.

243

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 Series.

M. 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 Series’ performance.

N. Other:

The Series and the Trust are subject to claims and suits that arise from time to time in the ordinary course of business (for example, ongoing claw back litigation against former shareholders of portfolio companies that filed for bankruptcy, such as The Tribune Company and Nine West). Although management currently believes that resolving claims against the Series and the Trust, individually or in aggregate, will not have a material adverse impact on the Series’ and the Trust’s 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.

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”). Effective on August 2, 2021, the Order restricts investment in certain companies identified as “Chinese Military Industrial Complex Companies” (CMICs) by the Office of Foreign Asset Control, an agency of the Department of Treasury and the Department of Defense. As of July 27, 2021, the Series have divested of all publicly traded securities identified as CMIC’s listed in the Order.

O. Subsequent Event Evaluations:

Management has evaluated the impact of all subsequent events on the Series through the date on which the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements.

244

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of The DFA Investment Trust Company and Shareholders of The DFA International Value Series, The Japanese Small Company Series, The Asia Pacific Small Company Series, The United Kingdom Small Company Series, The Continental Small Company Series, The Canadian Small Company Series, The Emerging Markets Series and The Emerging Markets Small Cap Series

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the summary schedules of portfolio holdings, of The DFA International Value Series, The Japanese Small Company Series, The Asia Pacific Small Company Series, The United Kingdom Small Company Series, The Continental Small Company Series, The Canadian Small Company Series, The Emerging Markets Series and The Emerging Markets Small Cap Series (eight of the series constituting The DFA Investment Trust Company, hereafter collectively referred to as the “Series”) as of October 31, 2021, the related statements of operations for the year ended October 31, 2021, the statements of changes in net assets for each of the two years in the period ended October 31, 2021, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2021 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Series as of October 31, 2021, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended October 31, 2021, and each of the financial highlights for each of the five years in the period ended October 31, 2021 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinions

These financial statements are the responsibility of the Series’ management. Our responsibility is to express an opinion on the Series’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Series in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2021 by correspondence with the custodian, brokers and transfer agent of the investee fund; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 22, 2021

We have served as the auditor of one or more investment companies in Dimensional Fund Advisors L.P.

investment company group since 1981.

245

DIMENSIONAL EMERGING MARKETS VALUE FUND

PERFORMANCE CHARTS

(Unaudited)

Dimensional Emerging Markets Value Fund vs.
MSCI Emerging Markets Index (net dividends)
October 31, 2011-October 31, 2021
	Past performance is not predictive of future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. MSCI data © MSCI 2021, all rights reserved.

246

MANAGEMENT’S DISCUSSION AND ANALYSIS

International Equity Market Review 12 Months Ended October 31, 2021

Performance of non-U.S. developed markets was positive for the period. As measured by the MSCI World ex USA indices, small-cap stocks outperformed large-cap stocks, and mid-cap stocks, a subset of the large-cap universe, underperformed large-cap stocks and small-cap stocks. Value stocks outperformed growth stocks as measured by the MSCI World ex USA indices.

12 Months Ended October 31, 2021

	Return in U.S. Dollars
MSCI World ex USA Index		35.59	%
MSCI World ex USA Mid Cap Index		31.20	%
MSCI World ex USA Small Cap Index		37.19	%
MSCI World ex USA Value Index		40.88	%
MSCI World ex USA Growth Index		30.25	%

For the 12 Months Ended October 31, 2021, the U.S. dollar appreciated against some non-U.S. developed markets currencies and depreciated against others. Overall, currency movements did not have a material overall impact on the U.S. dollar-denominated returns of developed markets.

12 Months Ended October 31, 2021

Ten Largest Foreign Developed Markets by Market Cap	Local Return			Return in U.S. Dollars
Japan		30.75	%		19.88	%
United Kingdom		35.57	%		43.72	%
Canada		38.56	%		49.05	%
France		48.30	%		47.33	%
Switzerland		28.36	%		28.75	%
Germany		33.47	%		32.60	%
Australia		27.93	%		36.82	%
Netherlands		60.71	%		59.67	%
Sweden		40.26	%		45.36	%
Hong Kong		18.26	%		17.91	%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2021, all rights reserved.

Emerging markets had positive performance for the period but underperformed both U.S. and non-U.S. developed markets. As measured by the MSCI Emerging Markets indices, small-cap stocks outperformed large-cap stocks, and mid-cap stocks, a subset of the large-cap universe, outperformed large-cap stocks but underperformed small-cap stocks. Value stocks outperformed growth stocks as measured by the MSCI Emerging Markets indices.

247

12 Months Ended October 31, 2021

	Return in U.S. Dollars
MSCI Emerging Markets Index		16.96	%
MSCI Emerging Markets Mid Cap Index		31.20	%
MSCI Emerging Markets Small Cap Index		44.29	%
MSCI Emerging Markets Value Index		28.31	%
MSCI Emerging Markets Growth Index		7.38	%

For the 12 Months Ended October 31, 2021, the U.S. dollar depreciated against some emerging markets currencies and appreciated against others. Overall, currency movements had a positive impact on the U.S. dollar denominated returns of emerging markets.

12 Months Ended October 31, 2021

Ten Largest Emerging Markets by Market Cap	Local Return			Return in U.S. Dollars
China		-9.52	%		-9.21	%
Taiwan		38.36	%		42.32	%
Korea		27.78	%		24.08	%
India		51.78	%		50.21	%
Russia		64.53	%		81.80	%
Brazil		10.38	%		12.91	%
Saudi Arabia		56.07	%		56.04	%
South Africa		18.16	%		26.32	%
Mexico		42.35	%		47.44	%
Thailand		34.75	%		26.57	%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2021, all rights reserved.

For Portfolios investing in non-U.S. equities traded outside of the U.S. market time zone, differences in the valuation timing and methodology between a Portfolio and its benchmark index may impact relative performance over the referenced period. The Portfolios price foreign exchange rates at the closing of the U.S. market, while their benchmark indices use rates at 4 p.m. London time. The Portfolios also may use fair value pricing to price certain portfolio securities at the closing of the U.S. market, while benchmark indices may use local market closing prices. For the one-year period ended October 31, 2021, these differences generally detracted from the Portfolios’ relative performance.

Dimensional Emerging Markets Value Fund

The Dimensional Emerging Markets Value Fund invests in value stocks of large and small companies in emerging markets. The investment strategy is process driven, emphasizing broad diversification with increased exposure to stocks with smaller market capitalizations, lower relative price (value), and higher-profitability within the value segment of emerging markets. As of October 31, 2021, the Fund held approximately 3,260 securities in 22 eligible emerging markets. Average cash exposure throughout the year was less than 1% of the Fund’s assets.

248

For the 12 months ended October 31, 2021, total returns were 35.69% for the Fund and 16.96% for the MSCI Emerging Markets Index (net dividends), the Fund’s benchmark. The Fund’s focus on low relative price (value) stocks contributed positively to performance relative to the style-neutral benchmark, as value stocks outperformed high relative price (growth) stocks in emerging markets for the period. With small-cap stocks outperforming large-cap stocks, the Fund’s inclusion of small-caps also contributed positively to performance relative to the benchmark, which is composed primarily of large-and mid-cap stocks.

249

DIMENSIONAL EMERGING MARKETS VALUE FUND

DISCLOSURE OF FUND EXPENSES

(Unaudited)

The following Expense Table is shown so that you can understand the impact of fees on your investment. All mutual funds have operating expenses. As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports, among others. Operating expenses and legal and audit services, which are deducted from a fund’s gross income, directly reduce the investment return of the fund. A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs, in dollars, of investing in the fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.

The Expense Table below illustrates your fund’s costs in two ways.

Actual Fund Return

This section helps you to estimate the actual expenses after fee waivers that you paid over the period. The “Ending Account Value” shown is derived from the fund’s actual return, and “Expenses Paid During Period” reflects the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.

To do so, simply divide your account value by $1,000 (for example, a $7,500 account value divided by $1,000 =7.5), then multiply the result by the number given for your fund under the heading “Expenses Paid During Period.”

Hypothetical Example for Comparison Purposes

This section is intended to help you compare your fund’s costs with those of other mutual funds. The hypothetical “Ending Account Value” and “Expenses Paid During Period” are derived from the fund’s actual expense ratio and an assumed 5% annual return before expenses. In this case, because the return used is not the fund’s actual return, the results do not apply to your investment. The example is useful in making comparisons because the SEC requires all mutual funds to calculate expenses based on a 5% annual return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect any transactional costs, if applicable. The “Annualized Expense Ratio” represents the actual expenses for the six-month period indicated.

250

DISCLOSURE OF FUND EXPENSES

CONTINUED

Six Months Ended October 31, 2021

EXPENSE TABLE

	Beginning		Ending					Expenses
	Account		Account		Annualized			Paid
	Value		Value		Expense			During
	05/01/21		10/31/21		Ratio (1)			Period (1)
Dimensional Emerging Markets Value Fund
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	1,001.30		0.14	%	$	0.71
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,024.50		0.14	%	$	0.71

(1) Expenses are equal to the fund’s annualized expense ratio for the six-month period, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period (184), then divided by the number of days in the year (365) to reflect the six-month period.

251

DIMENSIONAL EMERGING MARKETS VALUE FUND

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

The SEC requires that all funds file a complete Schedule of Investments with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. For the Dimensional Emerging Markets Value Fund, this would be for the fiscal quarters ending January 31 and July 31. Such Form N-PORT filing must be made within 60 days of the end of the quarter. Dimensional Emerging Markets Value Fund filed its most recent Form N-PORT with the SEC on September 24, 2021. They are available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; by visiting the SEC’s website at http://www.sec.gov; or by visiting the SEC’s Public Reference Room in Washington, D.C. (call 1-800-732-0330 for information on the operation of the Public Reference Room).

SEC regulations permit a fund to include in its reports to shareholders a “Summary Schedule of Portfolio Holdings” in lieu of a full Schedule of Investments. The Summary Schedule of Portfolio Holdings reports the fund’s 50 largest holdings in unaffiliated issuers and any investments that exceed one percent of the fund’s net assets at the end of the reporting period. The regulations also require that the Summary Schedule of Portfolio Holdings identify each category of investments that are held.

A fund is required to file a complete Schedule of Investments with the SEC on Form N-CSR within ten days after mailing the annual and semi-annual reports to shareholders. It will be available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

PORTFOLIO HOLDINGS

The SEC requires that all funds present their categories of portfolio holdings in a table, chart, or graph format in their annual and semi-annual shareholder reports, whether or not a Schedule of Investments is used. The following table, which presents portfolio holdings as a percentage of total investments before short-term investments and collateral for loaned securities, is provided in compliance with this requirement. The categories shown below represent broad industry sectors. Each industry sector consists of one or more specific industry classifications.

Dimensional Emerging Markets Value Fund
Communication Services	3.2	%
Consumer Discretionary	9.5	%
Consumer Staples	3.0	%
Energy	10.9	%
Financials	27.4	%
Health Care	2.5	%
Industrials	8.9	%
Information Technology	12.8	%
Materials	14.8	%
Real Estate	5.2	%
Utilities	1.8	%
	100.0	%

252

DIMENSIONAL EMERGING MARKETS VALUE FUND

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2021

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (97.8%)
BRAZIL — (3.4%)
	Petroleo Brasileiro SA		9,916,353	$	48,617,153		0.4	%
	Petroleo Brasileiro SA, Sponsored ADR		10,919,479		104,936,193		0.8	%
	Petroleo Brasileiro SA, Sponsored ADR		5,515,017		54,157,467		0.4	%
	Vale SA		10,579,377		134,233,887		1.0	%
	Other Securities				120,799,198		0.8	%
TOTAL BRAZIL					462,743,898		3.4	%
CHILE — (0.5%)
	Other Securities				70,623,150		0.5	%
CHINA — (30.6%)
*	Alibaba Group Holding Ltd.		7,316,900		150,454,912		1.1	%
*	Baidu, Inc., Sponsored ADR		883,875		143,399,880		1.1	%
	Bank of China Ltd., Class H		301,203,817		106,596,497		0.8	%
	China Construction Bank Corp., Class H		434,536,101		295,736,876		2.2	%
	China Merchants Bank Co. Ltd., Class H		14,808,500		124,097,280		0.9	%
	China Overseas Land & Investment Ltd.		22,666,000		49,991,125		0.4	%
	China Resources Land Ltd.		20,648,000		80,227,147		0.6	%
	Geely Automobile Holdings Ltd.		26,250,000		91,104,288		0.7	%
	Industrial & Commercial Bank of China Ltd., Class H		297,483,996		163,069,444		1.2	%
	PetroChina Co. Ltd., Class H		130,158,000		62,755,344		0.5	%
	Ping An Insurance Group Co. of China Ltd., Class H		20,578,500		147,398,227		1.1	%
*	Trip.com Group Ltd., ADR		1,765,245		50,415,397		0.4	%
	Other Securities				2,708,705,626		20.0	%
TOTAL CHINA					4,173,952,043		31.0	%
COLOMBIA — (0.1%)
	Other Securities				11,699,835		0.1	%
CZECH REPUBLIC — (0.2%)
	Other Securities				20,436,623		0.1	%
GREECE — (0.2%)
	Other Securities				33,803,657		0.2	%
HONG KONG — (0.2%)
	Other Securities				22,760,338		0.2	%
HUNGARY — (0.3%)
	Other Securities				33,993,976		0.2	%
INDIA — (13.7%)
*	Axis Bank Ltd.		6,005,724		60,004,333		0.5	%
	Hindalco Industries Ltd.		9,969,863		61,983,738		0.5	%
	ICICI Bank Ltd., Sponsored ADR		4,454,789		94,218,784		0.7	%
	Larsen & Toubro Ltd.		2,297,590		54,714,019		0.4	%
	Mahindra & Mahindra Ltd.		3,949,734		46,836,219		0.4	%
	Reliance Industries Ltd.		12,484,013		424,273,319		3.2	%
*	Tata Motors Ltd.		10,754,335		69,290,039		0.5	%
	Wipro Ltd.		6,193,725		53,697,022		0.4	%

253

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
INDIA — (Continued)
	Other Securities			$	1,007,058,880		7.3	%
TOTAL INDIA					1,872,076,353		13.9	%
INDONESIA — (1.5%)
	Other Securities				209,741,386		1.6	%
MALAYSIA — (1.8%)
	Other Securities				250,499,529		1.9	%
MEXICO — (2.2%)
	Grupo Financiero Banorte SAB de CV, Class O		7,711,601		48,746,251		0.4	%
#	Grupo Mexico SAB de CV, Class B		10,518,496		46,093,778		0.3	%
	Other Securities				211,683,812		1.6	%
TOTAL MEXICO					306,523,841		2.3	%
PHILIPPINES — (0.9%)
	Other Securities				127,693,242		0.9	%
POLAND — (0.8%)
	Other Securities				115,707,174		0.9	%
QATAR — (0.3%)
	Other Securities				40,558,271		0.3	%
RUSSIA — (1.8%)
	Gazprom PJSC, Sponsored ADR		10,367,186		101,731,786		0.8	%
	Lukoil PJSC, Sponsored ADR		1,075,422		109,618,672		0.8	%
	Other Securities				29,314,846		0.2	%
TOTAL RUSSIA					240,665,304		1.8	%
SAUDI ARABIA — (2.9%)
	Saudi Basic Industries Corp.		2,016,628		69,505,998		0.5	%
	Other Securities				322,547,739		2.4	%
TOTAL SAUDI ARABIA					392,053,737		2.9	%
SOUTH AFRICA — (3.9%)
#	Impala Platinum Holdings Ltd.		3,660,330		47,373,273		0.4	%
*	MTN Group Ltd.		10,241,812		91,839,637		0.7	%
	Standard Bank Group Ltd.		5,188,666		45,978,959		0.4	%
	Other Securities				351,087,730		2.5	%
TOTAL SOUTH AFRICA					536,279,599		4.0	%
SOUTH KOREA — (13.3%)
	Hana Financial Group, Inc.		1,405,990		54,214,720		0.4	%
	Hyundai Mobis Co. Ltd.		210,611		45,527,571		0.4	%
	Hyundai Motor Co.		370,785		66,316,913		0.5	%
#	KB Financial Group, Inc., ADR		2,468,636		118,667,332		0.9	%
	Kia Corp.		939,529		68,559,621		0.5	%
	LG Electronics, Inc.		571,652		59,139,613		0.5	%
	POSCO, Sponsored ADR		903,713		57,168,884		0.4	%
	Samsung Electronics Co. Ltd.		1,978,003		118,429,200		0.9	%
	SK Hynix, Inc.		1,675,156		147,665,948		1.1	%

254

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

			Shares		Value»		Percentage of Net Assets‡
SOUTH KOREA — (Continued)
		Other Securities			$	1,076,561,111		7.9	%
TOTAL SOUTH KOREA						1,812,250,913		13.5	%
TAIWAN — (16.4%)
#		Asustek Computer, Inc.		3,854,000		48,999,039		0.4	%
		Cathay Financial Holding Co. Ltd.		40,739,459		84,921,085		0.6	%
		China Steel Corp.		56,678,320		68,334,569		0.5	%
		CTBC Financial Holding Co. Ltd.		97,262,073		81,219,569		0.6	%
#	��	Fubon Financial Holding Co. Ltd.		33,386,173		88,253,766		0.7	%
		Hon Hai Precision Industry Co. Ltd.		41,463,192		160,061,938		1.2	%
#		United Microelectronics Corp.		51,490,681		106,893,309		0.8	%
		Yuanta Financial Holding Co. Ltd.		52,178,994		46,381,015		0.4	%
		Other Securities				1,550,689,307		11.4	%
TOTAL TAIWAN						2,235,753,597		16.6	%
THAILAND — (1.9%)
		PTT PCL		54,395,500		63,112,386		0.5	%
		Other Securities				189,042,273		1.4	%
TOTAL THAILAND						252,154,659		1.9	%
TURKEY — (0.5%)
		Other Securities				68,937,335		0.5	%
UNITED ARAB EMIRATES — (0.4%)
		Other Securities				51,284,572		0.4	%
UNITED KINGDOM — (0.0%)
		Other Security				365,499		0.0	%
TOTAL COMMON STOCKS						13,342,558,531		99.1	%
PREFERRED STOCKS — (0.5%)
BRAZIL — (0.5%)
		Petroleo Brasileiro SA		3,992,173		19,275,437		0.2	%
		Other Securities				41,769,061		0.3	%
TOTAL BRAZIL						61,044,498		0.5	%
COLOMBIA — (0.0%)
		Other Securities				5,176,859		0.0	%
PHILIPPINES — (0.0%)
		Other Security				763,348		0.0	%
SOUTH KOREA — (0.0%)
		Other Security				622,023		0.0	%
TOTAL PREFERRED STOCKS						67,606,728		0.5	%
RIGHTS/WARRANTS — (0.0%)
TAIWAN — (0.0%)
		Other Securities				13,477		0.0	%

255

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
THAILAND — (0.0%)
	Other Securities			$	1,659,369		0.0	%
TOTAL RIGHTS/WARRANTS					1,672,846		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $10,418,045,683)					13,411,838,105
				Value†
SECURITIES LENDING COLLATERAL — (1.7%)
@§	The DFA Short Term Investment Fund		19,568,415		226,406,566		1.7	%
TOTAL INVESTMENTS—(100.0%) (Cost $10,644,400,920)				$	13,638,244,671		101.3	%

As of October 31, 2021, Dimensional Emerging Markets Value Fund had entered into the following outstanding futures contracts:

Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
E-Mini MSCI Emerging Markets Index		650		12/17/21	$	41,972,669	$	41,015,000	$	(957,669	)
S&P 500® Emini Index		441		12/17/21		99,955,617		101,363,850		1,408,233
Total Futures Contracts					$	141,928,286	$	142,378,850	$	450,564

Summary of the Fund’s investments as of October 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
Brazil	$	462,743,898		—		—	$	462,743,898
Chile		6,785,587	$	63,837,563		—		70,623,150
China		342,832,593		3,793,625,614	$	37,493,836		4,173,952,043
Colombia		11,699,835		—		—		11,699,835
Czech Republic		—		20,436,623		—		20,436,623
Greece		—		33,803,657		—		33,803,657
Hong Kong		5,675,428		17,004,977		79,933		22,760,338
Hungary		—		33,993,976		—		33,993,976
India		106,915,810		1,765,125,436		35,107		1,872,076,353
Indonesia		—		208,895,122		846,264		209,741,386
Malaysia		—		250,498,909		620		250,499,529
Mexico		298,694,923		7,828,918		—		306,523,841
Philippines		—		127,678,949		14,293		127,693,242
Poland		—		115,707,174		—		115,707,174
Qatar		—		40,558,271		—		40,558,271
Russia		23,870,525		216,794,779		—		240,665,304
Saudi Arabia		—		392,053,737		—		392,053,737
South Africa		57,637,480		478,642,119		—		536,279,599
South Korea		241,252,129		1,570,035,853		962,931		1,812,250,913
Taiwan		27,564,991		2,207,844,782		343,824		2,235,753,597
Thailand		252,154,659		—		—		252,154,659
Turkey		—		68,937,335		—		68,937,335

256

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3			Total
United Arab Emirates		—	$	51,284,572		—		$	51,284,572
United Kingdom		—		365,499		—			365,499
Preferred Stocks
Brazil	$	61,025,151		19,347		—			61,044,498
Colombia		5,176,859		—		—			5,176,859
Philippines		—		763,348		—			763,348
South Korea		—		622,023		—			622,023
Rights/Warrants
Taiwan		—		13,477		—			13,477
Thailand		—		1,659,369		—			1,659,369
Securities Lending Collateral		—		226,406,566		—			226,406,566
Futures Contracts**		450,564		—		—			450,564
TOTAL	$	1,904,480,432	$	11,694,437,995	$	39,776,808	^	$	13,638,695,235

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

257

DIMENSIONAL EMERGING MARKETS VALUE FUND

STATEMENT OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

(Amounts in thousands)

	Dimensional Emerging Markets Value Fund
ASSETS:
Investment Securities at Value (including $662,761 of securities on loan)*	$	13,411,838
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $226,355)		226,407
Segregated Cash for Futures Contracts		7,443
Foreign Currencies at Value		46,301
Cash		75,386
Receivables:
Investment Securities Sold		27,645
Dividends, Interest and Tax Reclaims		10,195
Securities Lending Income		1,505
Unrealized Gain on Foreign Currency Contracts		3
Total Assets		13,806,723
LIABILITIES:
Payables:
Upon Return of Securities Loaned		226,403
Investment Securities Purchased		10,710
Due to Advisor		1,166
Futures Margin Variation		2,819
Deferred Taxes Payable		76,748
Accrued Expenses and Other Liabilities		19,172
Total Liabilities		337,018
NET ASSETS	$	13,469,705
Investment Securities at Cost	$	10,418,046
Foreign Currencies at Cost	$	45,724

* See Note I in the Notes to Financial Statements for additional information about securities lending collateral.

See accompanying Notes to Financial Statements.

258

DIMENSIONAL EMERGING MARKETS VALUE FUND

STATEMENT OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2021

(Amounts in thousands)

	Dimensional Emerging Markets Value Fund#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $61,245)	$	485,227
Income from Securities Lending		14,542
Total Investment Income		499,769
Expenses
Investment Management Fees		14,688
Accounting & Transfer Agent Fees		674
Custodian Fees		4,569
Shareholders’ Reports		37
Directors’/Trustees’ Fees & Expenses		165
Professional Fees		493
Other		752
Total Expenses		21,378
Fees Paid Indirectly (Note C)		65
Net Expenses		21,313
Net Investment Income (Loss)		478,456
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		651,370
Affiliated Investment Companies Shares Sold		(2	)
Futures		40,443
Foreign Currency Transactions		(4,609	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		3,305,387
Affiliated Investment Companies Shares		(21	)
Futures		840
Translation of Foreign Currency-Denominated Amounts		12
Net Realized and Unrealized Gain (Loss)		3,993,420
Net Increase (Decrease) in Net Assets Resulting from Operations	$	4,471,876

** Net of foreign capital gain taxes withheld of $12,230.

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

259

DIMENSIONAL EMERGING MARKETS VALUE FUND

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	Dimensional Emerging Markets Value Fund
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	478,456		$	482,213
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		651,370			(1,060,455	)
Affiliated Investment Companies Shares Sold		(2	)		—
Futures		40,443			32,312
Foreign Currency Transactions		(4,609	)		(13,373	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		3,305,387			(1,145,339	)
Affiliated Investment Companies Shares		(21	)		14
Futures		840			(3,697	)
Translation of Foreign Currency-Denominated Amounts		12			(40	)
Net Increase (Decrease) in Net Assets Resulting from Operations		4,471,876			(1,708,365	)
Transactions in Interest:
Contributions		568,216			916,139
Withdrawals		(4,440,642	)		(3,763,616	)
Net Increase (Decrease) from Transactions in Interest		(3,872,426	)		(2,847,477	)
Total Increase (Decrease) in Net Assets		599,450			(4,555,842	)
Net Assets
Beginning of Year		12,870,255			17,426,097
End of Year	$	13,469,705		$	12,870,255

* Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2021 of $12,230.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2020 of $370.

See accompanying Notes to Financial Statements.

260

DIMENSIONAL EMERGING MARKETS VALUE FUND

FINANCIAL HIGHLIGHTS

	Dimensional Emerging Markets Value Fund
	Year Ended Oct 31, 2021			Year Ended Oct 31, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017
Total Return		35.69	%		(9.41	%)		5.24	%		(9.06	%)		24.89	%
Net Assets, End of Year (thousands)	$	13,469,705		$	12,870,255		$	17,426,097		$	16,684,907		$	19,612,211
Ratio of Expenses to Average Net Assets		0.14	%		0.14	%		0.13	%		0.14	%		0.16	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.14	%		0.14	%		0.15	%		0.14	%		0.16	%
Ratio of Net Investment Income to Average Net Assets		3.26	%		3.25	%		2.95	%		2.78	%		2.64	%
Portfolio Turnover Rate		14	%		20	%		14	%		13	%		14	%

See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

261

DIMENSIONAL EMERGING MARKETS VALUE FUND

NOTES TO FINANCIAL STATEMENTS

A. Organization:

Dimensional Emerging Markets Value Fund (the “Fund”) is an open-end management investment company registered under the Investment Company Act of 1940. The Fund meets the definition as an investment company and follows the accounting and reporting guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”) Topic 946, “Financial Services-Investment Companies.” The Fund consists of one series.

B. Significant Accounting Policies:

The following significant accounting policies are in conformity with accounting principles generally accepted in the United States of America. Such policies are consistently followed by the Fund in preparation of its financial statements. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the fair value of investments, the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates, and those differences could be material.

1. Security Valuation: The Fund uses 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 Fund’s own assumptions in determining the fair value of investments)

Securities held by the Fund, including over-the-counter securities, are valued at the last quoted sale price of the day. International equity securities are subject to a fair value factor, as described later in this note.

Securities held by the Fund 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 Fund 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.

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 Trustees 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 the Fund is calculated. When fair value pricing is used, the prices of securities used by the Fund 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 or Level 3 in the hierarchy.

The Fund will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the time at which the net asset value of the Fund is computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the pricing of the Fund’s shares (at the close of the NYSE), the Fund will fair-value its foreign

262

investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the Fund’s foreign investments since the last calculated closing prices of the foreign investments on their primary foreign securities markets or exchanges. For these purposes, the Board of Trustees of the Fund has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the Fund uses data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When the Fund uses fair value pricing, the values assigned to the Fund’s foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

Futures contracts held by the Fund 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.

A summary of the inputs used to value the Fund’s 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 the Summary Schedule of Portfolio Holdings. The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

2. Foreign Currency Translation: Securities and other assets and liabilities of the Fund whose values are initially expressed in foreign currencies are translated to U.S. dollars using the mean between the most recent bid and ask prices for the U.S. dollar as quoted by generally recognized reliable sources. To facilitate the translation, the Fund enters into foreign currency contracts. A foreign currency contract is a spot agreement between two parties to buy and sell currencies at current market exchange rates, for settlement generally within two business days. Dividend and interest income and certain expenses are translated to U.S. dollars at the rate of exchange on their respective accrual dates. Receivables and payables denominated in foreign currencies are marked-to-market daily based on daily exchange rates and exchange gains or losses are realized upon ultimate receipt or disbursement. The Fund does not isolate the effect of foreign exchange rate fluctuations from the effect of fluctuations in the market prices of securities, whether realized or unrealized.

Realized gains or losses on foreign currency transactions represent net foreign exchange gains or losses from the disposition of foreign currencies, currency gains or losses realized between the trade and settlement dates of securities transactions, and the difference between amounts of interest, dividends and any foreign withholding taxes recorded on the books of the Fund and the U.S. dollar equivalent amounts actually received or paid.

3. Deferred Compensation Plan: Each eligible Trustee of the Fund may elect to participate in the Fee Deferral Plan for Independent Directors and Trustees (the “Plan”). Under the Plan, effective January 1, 2002, such Trustees may defer payment of all or a portion of their total fees earned as a Trustee. These deferred amounts may be treated as though such amounts had been invested in shares of the following funds: the U.S. Large Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Large Company Portfolio, U.S. Vector Equity Portfolio, U.S. Micro Cap Portfolio, DFA International Value Portfolio, International Core Equity Portfolio, Emerging Markets Portfolio, Emerging Markets Core Equity Portfolio, DFA Inflation-Protected Securities Portfolio, and/or DFA Two-Year Global Fixed Income Portfolio. Contributions made under the Plan and the change in unrealized appreciation (depreciation) and income are included in Directors’/ Trustees’ Fees & Expenses. As of October 31, 2021, the total liability for deferred compensation to Trustees is included in Accrued Expenses and Other Liabilities on the Statement of Assets and Liabilities in the amount of $591 (in thousands).

The Trustees may receive their distributions of proceeds by one of the following methods: lump sum, annual installments over a period of agreed-upon years, or quarterly installments over a period of agreed-upon years. Each Trustee shall have the right in a notice of election (the “Notice”) to defer the receipt of the Trustee’s deferred compensation until a date specified by such Trustee in the Notice. The date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Trustee ceases to be a member of the Board of Trustees of the Fund; and (ii) five years following the effective date of the Trustee’s first deferral election. If a Trustee who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Trustee’s deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Trustee ceases to be a member of the Board (unless the Trustee files an amended Notice selecting a different distribution date).

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4. Other: Security transactions are accounted for as of the trade date. Costs used in determining realized gains and losses on the sale of investment securities and foreign currency are accounted for on the basis of identified cost. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of investments or as a realized gain, respectively. The Fund estimates the character of received distributions that may be considered return of capital distributions. Interest income is recorded on an accrual basis. Expenses directly attributable to the Fund are directly charged. The Fund may be subject to taxes imposed by countries in which it invests, with respect to its investments in issuers existing or operating in such countries. Such taxes are generally based on income earned or repatriated and capital gains realized on the sale of such investments. The Fund accrues such taxes when the related income or capital gains are earned or throughout the holding period. Some countries require governmental approval for the repatriation of investment income, capital or the proceeds of sales earned by foreign investors. Additionally, if there is a deterioration in a country’s balance of payments or for other reasons, a country may impose temporary restrictions on foreign capital remittances abroad.

The Fund’s investments in Chile are subject to governmental taxes on investment income. Such taxes are due when currencies are repatriated from the country. The Fund accrues for taxes on income as the income is earned. The Fund is subject to tax on short-term and long-term capital gains for investments in India. Such taxes are accrued on a daily basis and due upon sale of individual securities.

C. Investment Advisor:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Fund.

For the year ended October 31, 2021, the Fund’s investment management fee was accrued daily and paid monthly to the Advisor based on the following effective annual rate of average daily net assets:

Dimensional Emerging Markets Value Fund 0.10 % 

Earned Income Credit:

Additionally, the Fund has entered into arrangements with its custodian whereby net interest earned on uninvested cash balances was used to reduce a portion of the Fund’s custody expense. Custody expense in the accompanying financial statements is presented before reduction for credits. The impact of such credits is generally less than one basis point of the Fund’s net assets. During the year ended October 31, 2021, expenses reduced were the following (amount in thousands):

	Fees Paid
	Indirectly
Dimensional Emerging Markets Value Fund	$	65

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Trustees of the Advisor are also Officers and Trustees of the Fund; however, such Officers and Trustees (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the year ended October 31, 2021, the total related amounts paid by the Fund to the CCO were $5 (in thousands) and are included in Other Expenses on the Statement of Operations.

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D. Purchases and Sales of Securities:

For the year ended October 31, 2021, the Fund’s transactions related to investment securities, other than short-term securities, in-kind redemptions and U.S. Government securities (amounts in thousands), were as follows:

	Purchases		Sales
Dimensional Emerging Markets Value Fund	$	2,003,796	$	5,334,734

There were no purchases or sales of long-term U.S. government securities.

For the year ended October 31, 2021, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.

The amounts presented below may differ from the respective amounts presented in the corresponding Summary Schedule of Portfolio Holdings, Statement of Assets and Liabilities or Statement of Operations due to rounding. The amounts are as follows (amounts in thousands):

										Change in
							Net Realized			Unrealized
	Balance at		Purchases		Proceeds		Gain/(Loss)			Appreciation/			Balance at		Shares as of		Dividend		Capital Gain
	October 31, 2020		at Cost		from Sales		on Sales			Depreciation			October 31, 2021		October 31, 2021		Income		Distributions
Dimensional Emerging Markets Value Fund
The DFA Short Term Investment Fund	$	229,226	$	1,309,995	$	1,312,791	$	(2	)	$	(21	)	$	226,407		19,568	$	160		—
Total	$	229,226	$	1,309,995	$	1,312,791	$	(2	)	$	(21	)	$	226,407		19,568	$	160		—

E. Federal Income Taxes:

No provision for federal income taxes is required since the Fund is treated as a partnership for federal income tax purposes. Any net investment income and realized and unrealized gains and losses have been deemed to have been “passed down” to their respective partners.

As of October 31, 2021, the total cost and aggregate gross unrealized appreciation (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes, as follows (amounts in thousands):

								Net
								Unrealized
	Federal		Unrealized		Unrealized			Appreciation
	Tax Cost		Appreciation		(Depreciation)			(Depreciation)
Dimensional Emerging Markets Value Fund	$	10,816,386	$	4,113,515	$	(1,291,651	)	$	2,821,864

The difference between GAAP-basis and tax basis unrealized gains (losses) can occur as a result of wash sales and net mark-to-market gains (losses) on regulated futures contracts, net mark--to-market gains (losses) on foreign currency contracts, and differences in tax treatment of passive foreign investment company instruments.

ASC 740 Accounting for Uncertainty in Income Taxes sets forth a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Management has analyzed the Fund’s tax positions and has concluded that no additional provision for income tax is required in the Fund’s financial statements. The Fund is not aware of any tax positions for which it is more likely than not that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund’s federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

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F. Financial Instruments:

In accordance with the Fund’s investment objective and policies, the Fund 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:

1. Foreign Market Risks: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States of America. Consequently, acquisition and disposition of securities held by the Fund may be inhibited.

Derivative Financial Instruments:

Summarized below are the specific types of derivative instruments used by the Fund.

2. Futures Contracts: The Fund may purchase or sell futures contracts and options on futures contracts for foreign or U.S. equity securities and indices, to increase or decrease market exposure based on actual or expected cash inflows to or outflows from the Fund. Upon entering into a futures contract, the Fund 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 Fund as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Fund records a realized gain or loss, which is presented in the Statement 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 the Fund could lose more than the initial margin requirements. Entering into stock index futures subjects the Fund 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.

Securities have been segregated as collateral for open futures contracts.

The average volume (based on the open positions at each fiscal month-end) of derivative activity for the year ended October 31, 2021 was as follows (amount in thousands):

	Futures*
Dimensional Emerging Markets Value Fund	$	92,928

* Average Notional Value of futures contracts

The following is a summary of the Fund’s derivative instrument holdings categorized by primary risk exposure as of October 31, 2021 (amounts in thousands):

	Asset Derivatives Value
	Total Value
	at		Equity
	October 31, 2021		Contracts*,(1)
Dimensional Emerging Markets Value Fund	$	1,408	$	1,408

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	Liability Derivatives Value
	Total Value
	at			Equity
	October 31, 2021			Contracts (2)
Dimensional Emerging Markets Value Fund	$	(958	)	$	(958	)

(1) Presented on Statement of Assets and Liabilities as Receivables or Payables: Futures Margin Variation.

(2) Presented on Statement of Assets and Liabilities as Receivables or Payables: Futures Margin Variation.

* Includes cumulative appreciation (depreciation) of futures contracts. Only current day’s margin variation is reported within the Statement of Assets and Liabilities.

The following is a summary of the realized and change in unrealized gains and losses from the Fund’s derivative instrument holdings categorized by primary risk exposure for the year ended October 31, 2021 (amounts in thousands):

	Realized Gain (Loss) on Derivatives
			Equity
	Total		Contracts (1)
Dimensional Emerging Markets Value Fund	$	40,443	$	40,443

	Change in Unrealized Appreciation
	(Depreciation) on Derivatives
			Equity
	Total		Contracts (2)
Dimensional Emerging Markets Value Fund	$	840	$	840

(1) Presented on Statement of Operations as Net Realized Gain (Loss) on: Futures.

(2) Presented on Statement of Operations as Change in Unrealized Appreciation (Depreciation) of: Futures.

G. Line of Credit and Interfund Lending Program:

The Fund, together with other Dimensional-advised portfolios, has entered into a $500 million uncommitted, unsecured discretionary line of credit effective April 7, 2021, with its domestic custodian bank. A line of credit with similar terms was in effect through April 7, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $500 million in the aggregate. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The agreement for the line of credit expires on April 6, 2022.

The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 2, 2021. A line of credit with similar terms was in effect through January 2, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The line of credit agreement expires on January 1, 2022.

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For the year ended October 31, 2021, borrowings by the Fund under the lines of credit were as follows (amounts in thousands, except percentages and days):

	Weighted Average Interest Rate			Weighted Average Loan Balance		Number of Days Outstanding*		Interest Expense Incurred		Maximum Amount Borrowed During the Period		Outstanding Borrowings as of 10/31/2021
Dimensional Emerging Markets Value Fund		0.83	%	$	13,109		23	$	10	$	36,558		—

* Number of Days Outstanding represents the total of single or consecutive days during the year ended October 31, 2021, that the Fund’s available line of credit was used.

Pursuant to an exemptive order issued by the SEC (the “Order”), the Fund may participate in an interfund lending program among certain portfolios managed by the Advisor (portfolios that operate as feeder funds do not participate in the program). The program allows the participating portfolios to borrow money from and loan money to each other for temporary or emergency purposes, subject to the conditions in the Order. A loan can only be made through the program if the interfund loan rate on that day is more favorable to both the borrowing and lending portfolios as compared to rates available through short-term bank loans or investments in overnight repurchase agreements and money market funds, respectively, as detailed in the Order. Further, a portfolio may participate in the program only if and to the extent that such participation is consistent with its investment objectives and limitations. Interfund loans have a maximum duration of seven days and may be called on one business day’s notice.

For the year ended October 31, 2021, activity by the Fund under the interfund lending program was as follows (amounts in thousands, except percentages and days):

	Borrower or Lender		Weighted Average Interest Rate			Weighted Average Loan Balance		Number of Days Outstanding*		Interest Expense/ Income		Maximum Amount Borrowed/Loaned During the Period		Outstanding Borrowings as of 10/31/2021
Dimensional Emerging Markets Value Fund		Borrower		0.43	%	$	77,031		4	$	4	$	93,288		—

* Number of Days Outstanding represents the total of single or consecutive days during the year ended October 31, 2021 that the Fund utilized the interfund lending program.

H. Affiliated Trades:

Cross trades for the year ended October 31, 2021, if any, were executed by the Fund pursuant to procedures adopted by the Board of Trustees of the Fund to ensure compliance with Rule 17a-7 under the Investment Company Act of 1940 (the “1940 Act”). Cross trading is the buying or selling of portfolio securities between series of investment companies, or between a series of an investment company and another entity, that are or could be considered affiliates by virtue of a common investment advisor (or affiliated investment advisors), common Trustees and/or common Officers. At its regularly scheduled meetings, the CCO certifies to the Board that the 17a-7 transactions entered into by the Fund complied with the Rule 17a-7 Procedures adopted by the Board of Trustees of the Fund.

For the year ended October 31, 2021, cross trades by the Fund under Rule 17a-7 were as follows (amounts in thousands):

Portfolio	Purchases		Sales		Realized Gain (Loss)
Dimensional Emerging Markets Value Fund	$	2,162	$	1,166	$	(355	)

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I. Securities Lending:

As of October 31, 2021, the Fund had securities on loan to brokers/dealers, for which the Fund received cash collateral. The Fund also received non-cash collateral consisting of short- and/or long-term U.S. Treasuries and U.S. government agency securities as follows (amount in thousands):

	Non-Cash Collateral Market Value
Dimensional Emerging Markets Value Fund	$	603,359

The Fund invests the cash collateral, as described below, and records a liability for the return of the collateral, during the period the securities are on loan. Loans of securities are expected at all times to be secured by collateral in an amount (i) equal to at least 100% of the current market value of the loaned securities with respect to securities of the U.S. government or its agencies, (ii) generally equal to 102% of the current market value of the loaned securities with respect to U.S. securities, and (iii) generally equal to 105% of the current market value of the loaned securities with respect to foreign securities. However, daily market fluctuations could cause the Fund’s collateral to be lower or higher than the expected thresholds. If this were to occur, the collateral would be adjusted the next business day to ensure adequate collateralization. In the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings. If the borrower fails to return loaned securities, cash collateral being maintained by the borrower is insufficient to cover the value of loaned securities, and such collateral insufficiency is not the result of investment losses, the lending agent has agreed to pay the amount of the shortfall to the Fund or, at the option of the lending agent, to replace the securities. In the event of the bankruptcy of the borrower, the Fund could experience delay in recovering the loaned securities or only recover cash or a security of equivalent value.

Subject to its stated investment policies, the Fund will generally invest the cash collateral received for the loaned securities in The DFA Short Term Investment Fund (the “Money Market Series”), an affiliated registered money market fund advised by the Advisor for which the Advisor receives a management fee of 0.05% of the average daily net assets of the Money Market Series. Income received from the Money Market Series is netted with fees for securities lending and collateral investment expenses and with other payments to and from borrowers of securities. The Fund also may invest the cash collateral received for the loaned securities in securities of the U.S. government or its agencies, repurchase agreements collateralized by securities of the U.S. government or its agencies, and affiliated or unaffiliated money market funds that are registered or unregistered. For purposes of this paragraph, agencies include both agency debentures and agency mortgage-backed securities. Additionally, the Fund will be able to terminate the loan at any time and will receive reasonable interest on the loan, as well as amounts equal to any dividends, interest or, other distributions on the loaned securities. However, dividend income received from loaned securities may not be eligible for taxation at qualified dividend income rates.

The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2021 (amounts in thousands):

	Remaining Contractual Maturity of the Agreements As of October 31, 2021
	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
Securities Lending Transactions
Dimensional Emerging Markets Value Fund
Common Stocks	$	226,403		—		—		—	$	226,403

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J. Indemnitees; Contractual Obligations:

Under the Fund’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Fund.

In the normal course of business, the Fund enters into contracts that contain a variety of representations and warranties that provide general indemnification. The Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Fund and/or its affiliates that have not yet occurred. However, based on experience, the Fund expects the risk of loss to be remote.

K. Recently Issued Accounting Standards and Regulations:

In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU No. 2021-01, with further amendments to Topic 848. The amendments in the ASUs provide optional temporary accounting recognition and financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the LIBOR and other interbank-offered based reference rates as of the end of 2021 and 2023. The ASUs are effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management has reviewed the requirements and believes the adoption of these ASUs will not have a material impact on the Fund’s financial statements.

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 Fund could enter, eliminate the asset segregation framework currently used by the Fund 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 Fund is required to comply on August 19, 2022. Management is currently evaluating the effect, if any, the Derivatives Rule will have on the Fund.

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 Fund.

L. 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 the Fund’s performance.

M. Other:

The Fund is subject to claims and suits that arise from time to time in the ordinary course of business (for example, ongoing claw back litigation against former shareholders of portfolio companies that filed for bankruptcy, such as The Tribune Company and Nine West). Although management currently believes that resolving claims against the Fund, individually or in aggregate, will not have a material adverse impact on the Fund’s 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.

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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”). Effective on August 2, 2021, the Order restricts investment in certain companies identified as “Chinese Military Industrial Complex Companies” (CMICs) by the Office of Foreign Asset Control, an agency of the Department of Treasury and the Department of Defense. As of July 27, 2021, the Fund have divested of all publicly traded securities identified as CMIC’s listed in the Order.

N. Subsequent Event Evaluations:

Management has evaluated the impact of all subsequent events on the Fund through the date on which the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements.

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Report of Independent Registered Public Accounting Firm

To the Board of Trustees and Shareholders of Dimensional Emerging Markets Value Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the summary schedule of portfolio holdings, of Dimensional Emerging Markets Value Fund (the “Fund”) as of October 31, 2021, the related statement of operations for the year ended October 31, 2021, the statement of changes in net assets for each of the two years in the period ended October 31, 2021, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2021 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2021, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2021 and the financial highlights for each of the five years in the period ended October 31, 2021 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2021 by correspondence with the custodian, brokers and transfer agent of the investee fund; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 22, 2021

We have served as the auditor of one or more investment companies in Dimensional Fund Advisors L.P.

investment company group since 1981.

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FUND MANAGEMENT

(Unaudited)

Trustees/Directors

Each Board of Trustees/Directors (each, the “Board” and collectively, the “Boards”) of The DFA Investment Trust Company (“DFAITC”), DFA Investment Dimensions Group Inc. (“DFAIDG”), Dimensional Investment Group Inc. (“DIG”), Dimensional ETF Trust (“ETF Trust”), and Dimensional Emerging Markets Value Fund (“DEM”) (each, the “Fund” and collectively, the “Funds”) is responsible for establishing the Funds’ policies and for overseeing the management of the Funds. The Trustees/ Directors of the Funds, including all of the disinterested Trustees/Directors, have adopted written procedures to monitor potential conflicts of interest that might develop between portfolios of the Funds (the “Feeder Portfolios”) that invest in certain series of DFAITC or DEM (the “Master Funds”).

Each Board has three standing committees, an Audit Committee, a Nominating Committee, and an Investment Strategy Committee (the “Strategy Committee”). The Audit Committee is composed of George M. Constantinides, Roger G. Ibbotson, Abbie J. Smith and Ingrid M. Werner. Each member of the Audit Committee is a disinterested Trustee/Director. The Audit Committee oversees the Fund’s accounting and financial reporting policies and practices, the Fund’s internal controls, the Fund’s financial statements and the independent audits thereof and performs other oversight functions as requested by the Board. The Audit Committee recommends the appointment of each Fund’s independent registered certified public accounting firm and acts as a liaison between the Fund’s independent registered certified public accounting firm and the full Board. There were two Audit Committee meetings held during the fiscal year ended October 31, 2021.

Each Board’s Nominating Committee is composed of George M. Constantinides, Roger G. Ibbotson, Myron S. Scholes, Abbie J. Smith, Douglas W. Diamond, Darrell Duffie and Ingrid M. Werner. Each member of the Nominating Committee is a disinterested Trustee/Director. The Nominating Committee for each Board makes recommendations for nominations of disinterested and interested members on the Board to the disinterested Board members 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. There were four Nominating Committee meetings held during the fiscal year ended October 31, 2021.

Each Board’s Strategy Committee is composed of Gerard K. O’Reilly, Douglas W. Diamond, Myron S. Scholes and Darrell Duffie. The Strategy Committee assists the Board in carrying out its fiduciary duties with respect to the oversight of the Fund and its performance. At the request of the Board or the Advisor, the Strategy Committee (i) reviews the design of possible new series of the Fund, (ii) reviews performance of existing portfolios of the Funds and discusses and recommends possible enhancements to the portfolios’ investment strategies, (iii) reviews proposals by the Advisor to modify or enhance the investment strategies or policies of each portfolio, and (iv) considers issues relating to investment services for each portfolio of the Fund. There were three Strategy Committee meetings held during the fiscal year ended October 31, 2021.

Certain biographical information for each disinterested Trustee/Director and interested Trustee/Director of the Funds is set forth in the tables below, including a description of each Trustee/Director’s experience as a Trustee/Director of the Funds and as a Director or Trustee of other funds, as well as other recent professional experience.

The statements of additional information (together, “SAI”) of the Funds include additional information about each Trustee/Director. You may obtain copies of the SAI and prospectus of each Fund advised by Dimensional Fund Advisors LP by calling collect (512) 306-7400 or by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746. Prospectuses are also available at http://us.dimensional.com.

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Disinterested Directors/Trustees

Name, Address and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years	Portfolios within the DFA Fund Complex2 Overseen	Other Directorships of Public Companies Held During Past 5 Years
George M. Constantinides University of Chicago Booth School of Business 5807 S. Woodlawn Avenue Chicago, IL 60637 1947	Director/ Trustee	DFAIDG – Since 1983; DIG & DEM – Since 1993; DFAITC – Since 1992; ETF Trust - Since 2020	Leo Melamed Professor of Finance, University of Chicago Booth School of Business (since 1978).	137 portfolios in 5 investment companies	None
Douglas W. Diamond c/o Dimensional Fund Advisors LP 6300 Bee Cave Road, Building One Austin, TX 78746 1953	Director/ Trustee	DFAIDG, DIG, DEM & DFAITC – Since 2017; ETF Trust - Since 2020	Merton H. Miller Distinguished Service Professor of Finance, University of Chicago Booth School of Business (since 1988). Formerly, Visiting Scholar, Federal Reserve Bank of Richmond (1990-2019). Formerly, Fischer Black Visiting Professor of Financial Economics, Alfred P. Sloan School of Management, Massachusetts Institute of Technology (2015-2016).	137 portfolios in 5 investment companies	None
Darrell Duffie c/o Dimensional Fund Advisors LP 6300 Bee Cave Road, Building One Austin, TX 78746 1954	Director/ Trustee	DFAIDG, DIG, DEM & DFAITC – Since 2019; ETF Trust - Since 2020	Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University (since 1984). Director, TNB Inc. (bank) (since 2020).	137 portfolios in 5 investment companies	Formerly, Director, Moody’s Corporation (financial information and information technology) (2008- 2018).
Roger G. Ibbotson Yale School of Management 165 Whitney Avenue New Haven, CT 06511 1943	Director/ Trustee	DFAIDG – Since 1981; DIG & DEM – Since 1993; DFAITC – Since 1992; ETF Trust - Since 2020	Professor in Practice Emeritus of Finance, Yale School of Management (since 1984). Chairman and Partner, Zebra Capital Management, LLC (hedge fund and asset manager) (since 2001). Formerly, Consultant to Morningstar, Inc. (2006-2016).	137 portfolios in 5 investment companies	None
Myron S. Scholes c/o Dimensional Fund Advisors LP 6300 Bee Cave Road, Building One Austin, TX 78746 1941	Director/ Trustee	DFAIDG – Since 1981; DIG & DEM – Since 1993; DFAITC – Since 1992; ETF Trust - Since 2020	Chief Investment Strategist, Janus Henderson Investors (since 2014). Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University (since 1981).	137 portfolios in 5 investment companies	None
Abbie J. Smith University of Chicago Booth School of Business 5807 S. Woodlawn Avenue Chicago, IL 60637 1953	Director/ Trustee	DFAIDG, DIG, DEM & DFAITC – Since 2000; ETF Trust - Since 2020	Boris and Irene Stern Distinguished Service Professor of Accounting and James S. Ely, III Faculty Fellow, University of Chicago Booth School of Business (since 1980).	137 portfolios in 5 investment companies	Director, (since 2000) and formerly, Lead Director (2014- 2017), HNI Corporation (office furniture); Director, Ryder System Inc. (transportation, logistics and supply-chain management) (since 2003); and Trustee, UBS Funds (3 investment companies within the fund complex) (14 portfolios) (since 2009).

274

Name, Address and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years	Portfolios within the DFA Fund Complex2 Overseen	Other Directorships of Public Companies Held During Past 5 Years
Ingrid M. Werner c/o Dimensional Fund Advisors LP 6300 Bee Cave Road, Building One Austin, TX 78746 1961	Director/ Trustee	DFAIDG, DIG, DEM & DFAITC – Since 2019; ETF Trust - Since 2020	Martin and Andrew Murrer Professor of Finance, Fisher College of Business, The Ohio State University (since 1998). Adjunct Member, the Prize Committee for the Swedish Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (annual award for significant scientific research contribution) (since 2018). Director, American Finance Association (global association of academic researchers and practitioners in finance) (since January 2019). Member, Scientific Board, Leibniz Institute for Financial Research (institute supporting academic research in finance) (since 2020). Chair, Economic Advisory Committee, FINRA (since 2017). Chairman, Scientific Advisory Board, Swedish House of Finance (institute supporting academic research in finance) (since 2014). Member, Scientific Board, Danish Finance Institute (institute supporting academic research in finance) (since 2017). Member, Academic Board, Mistra Financial Systems (organization funding academic research on environment, governance and climate/sustainability in finance) (since 2016). Fellow, Center for Analytical Finance (academic research) (since 2015). Associate Editor, Journal of Finance (since 2016). Formerly, President, Western Finance Association (global association of academic researchers and practitioners in finance) (2018- 2019).	137 portfolios in 5 investment companies	Director, Fourth Swedish AP Fund (pension fund asset management) (since 2017).

275

Interested Director/Trustee

The following interested Director/Trustee is described as such because he is deemed to be an “interested person,” as that term is defined under the 1940 Act, due to his position with the Advisor.

Name, Address and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years	Portfolios within the DFA Fund Complex2 Overseen	Other Directorships of Public Companies Held During Past 5 Years
David G. Booth 6300 Bee Cave Road, Building One Austin, TX 78746 1946	Chairman and Director/ Trustee	DFAIDG – Since 1981; DIG & DFAITC – Since 1992; DEM – Since 1993; ETF Trust—Since 2020	Chairman, Director/Trustee, and formerly, President and Co-Chief Executive Officer (each until March 2017) of Dimensional Emerging Markets Value Fund (“DEM”), DFA Investment Dimensions Group Inc. (“DFAIDG”), Dimensional Investment Group Inc. (“DIG”), The DFA Investment Trust Company (“DFAITC”). Executive Chairman, and formerly, President and Co-Chief Executive Officer (each until February 2017) of Dimensional Holdings Inc., Dimensional Fund Advisors LP, Dimensional Investment LLC and DFA Securities LLC (collectively with DEM, DFAIDG, DIG and DFAITC, the “DFA Entities”). Chairman and Trustee of the ETF Trust (since June 2020). Formerly, Chairman and Director (2009-2018) and Co-Chief Executive Officer (2010 – June 2017) of Dimensional Fund Advisors Canada ULC. Trustee, University of Chicago (since 2002). Trustee, University of Kansas Endowment Association (since	137 portfolios in 5 investment companies	None
			2005). Member of the Hoover Institution Board (since September 2019). Formerly, Director of Dimensional Fund Advisors Ltd. (2002 – July 2017), DFA Australia Limited (1994 – July 2017), Dimensional Advisors Ltd. (2012 – July 2017), Dimensional Funds plc (2006 – July 2017) and Dimensional Funds II plc (2006 – July 2017). Formerly, Director and President of Dimensional Japan Ltd. (2012 – April 2017). Formerly, President, Dimensional SmartNest (US) LLC (2009-2014); and Limited Partner, VSC Investors, LLC (2007-2015). Formerly, Chairman, Director, President and Co- Chief Executive Officer of Dimensional Cayman Commodity Fund I Ltd. (2010-September 2017).

¹ Each Director/Trustee holds office for an indefinite term until his or her successor is elected and qualified.

² Each Director/Trustee is a director or trustee of each of the five registered investment companies within the DFA Fund Complex, which include: DFAIDG, DIG; DFAITC; DEM; and ETF Trust. Each disinterested Director/Trustee also serves on the Independent Review Committee of the Dimensional Funds, mutual funds registered in the provinces of Canada and managed by the Advisor’s affiliate, Dimensional Fund Advisors Canada ULC.

276

Officers

Below is the name, year of birth, information regarding positions with the Funds and the principal occupation for each officer of the Funds. 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 DFA Entities.

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
Valerie A. Brown	Vice President and	Since	Vice President and Assistant Secretary of
1967	Assistant Secretary	2001	•  all the DFA Entities (since 2001)
			•  DFA Australia Limited (since 2002)
			•  Dimensional Fund Advisors Ltd. (since 2002)
			•  Dimensional Cayman Commodity Fund I Ltd. (since 2010)
			•  Dimensional Fund Advisors Pte. Ltd. (since 2012)
			•  Dimensional Hong Kong Limited (since 2012)
			•  ETF Trust (since 2020)
			Director, Vice President and Assistant Secretary (since 2003) of
			•  Dimensional Fund Advisors Canada ULC
Ryan P. Buechner	Vice President and	Since	Vice President and Assistant Secretary of
1982	Assistant Secretary	September	•  DFAIDG, DIG, DFAITC and DEM (since 2019)
		2019	•  ETF Trust (since 2020)
			Vice President (since January 2018) of
			•  Dimensional Holdings Inc.
			•  Dimensional Fund Advisors LP
			•  Dimensional Investment LLC
			•  DFA Securities LLC
David P. Butler	Co-Chief	Since	Co-Chief Executive Officer of
1964	Executive Officer	2017	•  all the DFA Entities (since 2017)
			•  ETF Trust (since 2020)
			Director (since 2017) of
			•  Dimensional Holdings Inc.
			•  Dimensional Fund Advisors Canada ULC
			•  Dimensional Japan Ltd.
			•  Dimensional Advisors Ltd.
			•  Dimensional Fund Advisors Ltd.
			•  DFA Australia Limited
			Director and Co-Chief Executive Officer (since 2017) of
			•  Dimensional Cayman Commodity Fund I Ltd.
			Head of Global Financial Advisor Services (since 2007) for
			•  Dimensional Fund Advisors LP
			Formerly, Vice President (2007 – 2017) of
			•  all the DFA Entities
Stephen A. Clark	Executive Vice	Since	Executive Vice President of
1972	President	2017	•  all the DFA Entities (since 2017)
			•  ETF Trust (since 2020)
			Director and Vice President (since 2016) of
			•  Dimensional Japan Ltd.
			President and Director (since 2016) of
			•  Dimensional Fund Advisors Canada ULC
			Vice President (since 2008) and Director (since 2016) of
			•  DFA Australia Limited
			Director (since 2016) of
			•  Dimensional Advisors Ltd.
			•  Dimensional Fund Advisors Pte. Ltd.
			•  Dimensional Hong Kong Limited

277

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
			Vice President (since 2019) of
			•  Dimensional Fund Advisors Pte. Ltd.
			Formerly, Vice President (2004 – 2017) of
			•  all the DFA Entities
			Formerly, Vice President (2010 – 2016) of
			•  Dimensional Fund Advisors Canada ULC
			Formerly, Vice President (2016-2019) of
			•  Dimensional Fund Advisors Pte. Ltd.
			Formerly, Interim Chief Executive Officer (2019) of
			•  Dimensional Fund Advisors Pte. Ltd.
			Formerly, Head of Institutional, North America (2012 – 2013) and Head of Global Institutional Services (2014-2018) for
			•  Dimensional Fund Advisors LP
Lisa M. Dallmer	Chief Operating	Since June	Chief Operating Officer (since June 2021) of
1972	Officer	2021	•  the DFA Fund Complex
			•  ETF Trust
			Executive Vice President (since January 2020)
			•  Dimensional Holdings Inc.
			•  Dimensional Fund Advisors LP
			•  Dimensional Investment LLC
			•  DFA Securities LLC
			Chief Operating Officer (since December 2019)
			•  Dimensional Holdings Inc.
			•  Dimensional Fund Advisors LP
			•  Dimensional Investment LLC
			•  DFA Securities LLC
			Formerly, Vice President, Chief Financial Officer, and Treasurer (June 2020-June 2021) of
			•  the DFA Fund Complex
			•  ETF Trust
			Formerly, Senior Vice President, Business Operations (March 2019 – October 2019) at
			•  Delphix Inc.
			Formerly, Chief Operating Officer Global Technology & Operations, Managing Director (2014 – 2018) of
			•  BlackRock Inc.
Bernard J. Grzelak	Vice President	Since June	Vice President (since June 2021) of
1971		2021	•  the DFA Fund Complex
			•  ETF Trust
			Vice President, Chief Financial Officer and Treasurer (since September 2020) of
			•  DFA Australia Limited
			•  Dimensional Fund Advisors Canada ULC
			•  DFA Securities LLC
			•  Dimensional Advisors Ltd.
			•  Dimensional Fund Advisors LP
			•  Dimensional Fund Advisors Ltd.
			•  Dimensional Fund Advisors Pte. Ltd.
			•  Dimensional Holdings Inc.
			•  Dimensional Hong Kong Limited
			•  Dimensional Investment LLC

278

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
			Vice President (since March 2021) of
			•  Dimensional Ireland Limited
			Formerly, Partner (2008 – 2020), Chief Operating Officer, Global Funds and Risk (2018 – 2020), Chief Operations Officer (2016 – 2018), and Director of Fund Administration (2003 – 2016) of Lord Abbett & Co. LLC Formerly, Chief Financial Officer (2017—2020), and Treaurer (2003 – 2017) of Lord Abbett Family of Funds
Eric Hall	Vice President and	Since June	Vice President and Assistant Treasurer (since June 2021) of
1978	Assistant Treasurer	2021	•  the DFA Fund Complex
			•  ETF Trust
			Formerly, Data Integrity Team Lead (December 2019 – April 2021) of
			•  Clearwater Analytics
			Formerly, Assistant Vice President and Assistant Treasurer (March 2015 – November 2019) at
			•  INVESCO, U.S. (formerly, OppenheimerFunds, Inc.)
Jeff J. Jeon 1973	Vice President	Since 2004	Vice President (since 2004) and Assistant Secretary (2017-2019) of •  all the DFA Entities
			Vice President (since 2020) of
			•  ETF Trust
			Vice President and Assistant Secretary (since 2010) of
			•  Dimensional Cayman Commodity Fund I Ltd.
Joy Lopez	Vice President and	Vice	Vice President (since 2015) of
1971	Assistant Treasurer	President	•  all the DFA Entities
		since 2015	Assistant Treasurer (since 2017) of
		and	•  the DFA Fund Complex
		Assistant	Vice President and Assistant Treasurer (since 2020) of
		Treasurer	•  ETF Trust
		since 2017
			Formerly, Senior Tax Manager (2013 – 2015) for
			•  Dimensional Fund Advisors LP
Kenneth M. Manell	Vice President	Since	Vice President of
1972		2010	•  all the DFA Entities (since 2010)
			•  Dimensional Cayman Commodity Fund I Ltd. (since 2010)
			•  ETF Trust (since 2020)
Jan Miller 1963	Vice President, Chief Financial Officer, and Treasurer	Since June 2021	Vice President, Chief Financial Officer, and Treasurer (since June 2021) of •  the DFA Fund Complex •  ETF Trust
			Formerly, Director (May 2019 – January 2021) at
			•  INVESCO, U.S. (formerly, OppenheimerFunds, Inc.)
			Formerly, Vice President and Assistant Treasurer (September 2012 – May 2019) at
			•  OppenheimerFunds, Inc.
Catherine L. Newell	President and	President since 2017 and General Counsel sincec 2001	President of
1964	General Counsel		•  the DFA Fund Complex (since 2017)
			•  ETF Trust (since 2020)
			General Counsel (since 2001) of
			•  all the DFA Entities
			Executive Vice President (since 2017) and Secretary (since 2000) of
			•  Dimensional Fund Advisors LP
			•  Dimensional Holdings Inc.
			•  DFA Securities LLC
			•  Dimensional Investment LLC

279

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
			Director (since 2002), Vice President (since 1997) and Secretary (since 2002) of
			•  DFA Australia Limited
			•  Dimensional Fund Advisors Ltd.
			Vice President and Secretary of
			•  Dimensional Fund Advisors Canada ULC (since 2003)
			•  Dimensional Cayman Commodity Fund I Ltd. (since 2010)
			•  Dimensional Japan Ltd. (since 2012)
			•  Dimensional Advisors Ltd (since 2012)
			•  Dimensional Fund Advisors Pte. Ltd. (since 2012)
			Director of
			•  Dimensional Funds plc (since 2002)
			•  Dimensional Funds II plc (since 2006)
			•  Director of Dimensional Japan Ltd. (since 2012)
			•  Dimensional Advisors Ltd. (since 2012)
			•  Dimensional Fund Advisors Pte. Ltd. (since 2012)
			•  Dimensional Hong Kong Limited (since 2012)
			•  Dimensional Ireland Limited (since 2019)
			Formerly, Vice President and Secretary (2010 – 2014) of
			•  Dimensional SmartNest (US) LLC
			Formerly, Vice President (1997 – 2017) and Secretary (2000 – 2017) of
			•  the DFA Fund Complex
			Formerly, Vice President of
			•  Dimensional Fund Advisors LP (1997 – 2017)
			•  Dimensional Holdings Inc. (2006 – 2017)
			•  DFA Securities LLC (1997 – 2017)
			•  Dimensional Investment LLC (2009 – 2017)
Selwyn J. Notelovitz	Vice President	Since	Vice President (since September 2021) of
1961		September	•  the DFA Fund Complex
		2021	•  ETF Trust
			Vice President (since December 2012) and Chief Compliance Officer (since July 2020) of:
			•  DFA Securities LLC
			•  Dimensional Fund Advisors LP
			•  Dimensional Holdings Inc.
			•  Dimensional Investment LLC
			Chief Compliance Officer (since July 2020) of:
			•  DFA Australia Limited
			•  Dimensional Fund Advisors Ltd.
			•  Dimensional Fund Advisors Canada ULC
			Formerly, Deputy Chief Compliance Officer (2013-2020) of:
			•  DFA Fund Complex
			•  DFA Securities LLC
			•  Dimensional Fund Advisors LP
			•  Dimensional Holdings Inc.
			•  Dimensional Investment LLC
			Formerly, Vice President (2013-2020) of:
			•  DFA Fund Complex
			Formerly, Director (2019-2021) of:
			•  Dimensional Ireland Limited

280

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
Carolyn L. O	Vice President and	Vice President since 2010 and Secretary since 2017	Vice President (since 2010) and Secretary (since 2017) of
1974	Secretary		•  the DFA Fund Complex
			Vice President and Secretary (since 2020) of
			•  ETF Trust
			Vice President (since 2010) and Assistant Secretary (since 2016) of
			•  Dimensional Fund Advisors LP
			•  Dimensional Holdings Inc.
			•  Dimensional Investment LLC
			Vice President of
			•  DFA Securities LLC (since 2010)
			•  Dimensional Cayman Commodity Fund I Ltd. (since 2010)
			•  Dimensional Fund Advisors Canada ULC (since 2016)
Randy C. Olson	Chief Compliance	Since	Chief Compliance Officer (since 2020)
1980	Officer	August	•  all the DFA Funds
		2020	•  ETF Trust
			Vice President (since 2016) of
			•  DFA Securities LLC
			•  Dimensional Fund Advisors LP
			•  Dimensional Holdings Inc.
			•  Dimensional Investment LLC
			Formerly, Vice President – Senior Compliance Officer
			•  Dimensional Investment Advisors LP (January 2020 – August 2020 and July 2014 – March 2017)
			Formerly, Vice President – Head of Compliance & Operations Asia Ex- Japan
			•  Dimensional Investment Advisors LP (April 2017 – January 2020)
Gerard K. O’Reilly	Co-Chief	Co-Chief	Co-Chief Executive Officer and Chief Investment Officer of
1976	Executive Officer and Chief Investment Officer	Executive Officer and Chief Investment Officer since 2017	•  all the DFA Entities (since 2017) •  Dimensional Fund Advisors Canada ULC (since 2017) •  ETF Trust (since 2020)
			Director, Chief Investment Officer and Vice President (since 2017) of
			•  DFA Australia Limited
			Chief Investment Officer (since 2017) and Vice President (since 2016) of
			•  Dimensional Japan Ltd.
			Director, Co-Chief Executive Officer and Chief Investment Officer (since 2017) of
			•  Dimensional Cayman Commodity Fund I Ltd.
			Director of
			•  Dimensional Funds plc (since 2014)
			•  Dimensional Funds II plc (since 2014)
			•  Dimensional Holdings Inc. (since 2017)
			•  Dimensional Ireland Limited (since 2019)
			Formerly, Co-Chief Investment Officer of
			•  Dimensional Japan Ltd. (2016 – 2017)
			•  DFA Australia Limited (2014 – 2017)
			Formerly, Executive Vice President (2017) and Co-Chief Investment Officer (2014 – 2017) of
			•  all the DFA Entities
			Formerly, Vice President (2007 – 2017) of
			•  all the DFA Entities
			Formerly, Vice President and Co-Chief Investment Officer (2014 – 2017) of
			•  Dimensional Fund Advisors Canada ULC
			Formerly, Director (2017-2018) of
			•  Dimensional Fund Advisors Pte. Ltd.

281

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
James J. Taylor	Vice President and	Since	Vice President and Assistant Treasurer (since 2020) of
1983	Assistant Treasurer	March	•  the DFA Fund Complex
		2020	•  ETF Trust
			Vice President (since 2016)
			•  Dimensional Holdings Inc.
			•  Dimensional Fund Advisors LP
			•  Dimensional Investment LLC
			•  DFA Securities LLC
			Formerly, Accounting Manager (2015 – 2016)
			•  Dimensional Fund Advisors LP

¹ Each officer holds office for an indefinite term at the pleasure of the Board of Directors/Trustees and until his or her successor is elected and qualified.

282

VOTING PROXIES ON FUND PORTFOLIO SECURITIES

A description of the policies and procedures that the Fund uses in voting proxies relating to securities held in the portfolio is available (1) without charge, upon request, by calling collect: (512) 306-7400; (2) from the Advisor’s website at http://us.dimensional.com; and (3) on the SEC’s website at http://www.sec.gov. Information regarding how the Advisor votes these proxies is available from the EDGAR database on the SEC’s website at http://www.sec.gov and from the Advisor’s website at http://us.dimensional.com and reflects the twelve-month period beginning July 1st and ending June 30th.

283

TAX NOTICE TO SHAREHOLDERS

(Unaudited)

The following information is solely for informational purposes. Each Portfolio is designating the U.S. federal income tax character of the following items with respect to distributions paid or expected to be paid to shareholders related to the fiscal year ended October 31, 2021. All designations are based on financial information available as of the date of this annual report and, accordingly are subject to change. For each classification below and including “Section 163(j) interest dividends” as defined in Treasury Regulation §1.163(j)-1(b)(35) and “Section 199A dividends” as defined in Treasury Regulation §1.199A -3(d), it is the intent of the Portfolio to designate the maximum amount permitted under the Internal Revenue Code and the regulations thereunder.

For U.S. federal income tax purposes, shareholders generally must report distributions received from a Portfolio on a calendar-year basis, which therefore may include distributions with respect to portions of two fiscal years of the Portfolio. Annual statements needed by shareholders concerning the tax status of distributions received for the calendar year 2021 (e.g., IRS Form 1099-DIV) will be provided in early 2022. Shareholders should refer to these statements in preparing their calendar year 2021 tax returns. Please consult your tax advisor for the proper treatment of this information. Unless otherwise noted, the amounts in the table are expressed as a percentage of the distributions paid with respect to the fiscal year ended October 31, 2021.

DFA Investment Dimensions Group Inc.	Net Investment Income Distributions			Short-Term Capital Gain Distributions			Long-Term Capital Gain Distributions			Return of Capital		Tax-Exempt Interest		Total Distributions			Qualified Dividends (for Corporate Dividends Received Deduction) (1)		Qualified Dividend Income (2)			U.S. Government Interest (3)		Foreign Tax Credit (4)			Foreign Source Income (5)			Qualified Net Interest Income (6)		Qualified Short- Term Capital Gain (7)
Large Cap International Portfolio		100	%		—			—			—		—		100	%		—		87	%		—		6	%		88	%		—		—
International Core Equity Portfolio		100	%		—			—			—		—		100	%		—		82	%		—		7	%		85	%		—		—
Global Small Company Portfolio		100	%		—			—			—		—		100	%		—		70	%		—		5	%		26	%		—		—
International Small Company Portfolio		100	%		—			—			—		—		100	%		—		53	%		—		8	%		49	%		—		—
Japanese Small Company Portfolio		100	%		—			—			—		—		100	%		—		92	%		—		9	%		88	%		—		—
Asia Pacific Small Company Portfolio		100	%		—			—			—		—		100	%		—		50	%		—		1	%		75	%		—		—
United Kingdom Small Company Portfolio		100	%		—			—			—		—		100	%		—		55	%		—		2	%		61	%		—		—
Continental Small Company Portfolio		100	%		—			—			—		—		100	%		—		71	%		—		16	%		77	%		—		—
DFA International Real Estate Securities Portfolio		—			—			—			—		—		—			—		15	%		—		—			41	%		—		—
DFA Global Real Estate Securities Portfolio		82	%		—			18	%		—		—		100	%		—		1	%		—		—			—			—		—
DFA International Small Cap Value Portfolio		100	%		—			—			—		—		100	%		—		74	%		—		10	%		69	%		—		—
International Vector Equity Portfolio		100	%		—			—			—		—		100	%		—		78	%		—		9	%		83	%		—		—
International High Relative Profitability Portfolio		100	%		—			—			—		—		100	%		—		92	%		—		7	%		86	%		—		—
World ex U.S. Value Portfolio		100	%		—			—			—		—		100	%		—		72	%		—		7	%		81	%		—		—
World ex U.S. Core Equity Portfolio		100	%		—			—			—		—		100	%		—		74	%		—		7	%		88	%		—		—
World Core Equity Portfolio		100	%		—			—			—		—		100	%		—		100	%		—		5	%		51	%		—		—
Selectively Hedged Global Equity Portfolio		50	%		3	%		47	%		—		—		100	%		—		100	%		—		7	%		40	%		—		100	%
Emerging Markets Portfolio		100	%		—			—			—		—		100	%		—		71	%		—		9	%		95	%		—		—

See accompanying Notes to Financial Statements.

284

DFA Investment Dimensions Group Inc.	Net Investment Income Distributions			Short-Term Capital Gain Distributions			Long-Term Capital Gain Distributions		Return of Capital		Tax-Exempt Interest		Total Distributions			Qualified Dividends (for Corporate Dividends Received Deduction) (1)		Qualified Dividend Income (2)			U.S. Government Interest (3)		Foreign Tax Credit (4)			Foreign Source Income (5)			Qualified Net Interest Income (6)		Qualified Short- Term Capital Gain (7)
Emerging Markets Small Cap
Portfolio		100	%		—			—		—		—		100	%		—		22	%		—		7	%		44	%		��		—
Emerging Markets Portfolio Value		100	%		—			—		—		—		100	%		—		59	%		—		11	%		88	%		—		—
Emerging Markets Core Equity
Portfolio		100	%		—			—		—		—		100	%		—		61	%		—		9	%		90	%		—		—
Emerging Markets Targeted Value
Portfolio		90	%		10	%		—		—		—		100	%		—		21	%		—		14	%		51	%		—		100	%
Dimensional Investment Group Inc.
DFA International Value Portfolio		100	%		—			—		—		—		100	%		—		84	%		—		6	%		82	%		—		—

(1) Qualified Dividends represents the amount that qualifies for the corporate dividends-received deduction under Section 243 of the Internal Revenue Code and is reflected as a percentage of estimated ordinary income distributions (the total of short-term capital gain and net investment income distributions) for the calendar year 2021.

(2) Qualified Dividend Income represents the amount that qualifies for the reduced capital gain tax rate under Section 1(h)(11) of the Internal Revenue Code and is reflected as a percentage of estimated ordinary income distributions (the total of short-term capital gain and net investment income distributions) for the calendar year 2021.

(3) U.S. Government Interest represents the amount of interest that was derived from direct U.S. Government obligations and distributed during the fiscal year. This amount is reflected as a percentage of total estimated ordinary income distributions (the total of short-term capital gain and net investment income distributions) for the calendar year 2021. Generally, interest from direct U.S. Government obligations is exempt from state income tax. Please consult your tax advisor for the availability of a state tax exemption based on your individual circumstances.

(4) Foreign Tax Credit represents the amount of dividends that qualify for the foreign tax credit pass through under Section 853 of the Internal Revenue Code and is reflected as a percentage of “investment company taxable income” (as defined in Section 852(b)(2) of the Internal Revenue Code).

(5) Foreign Source Income represents the amount of dividends derived from foreign sources and is reflected as a percentage of “investment company taxable income” (as defined in Section 852(b)(2) of the Internal Revenue Code).

(6) Qualified Net Interest Income represents the amount of interest income available as interest-related dividends generally exempt from withholding taxes for non-U.S. shareholders under Section 871(k)(1) of the Internal Revenue Code. The information is reflected as a percentage estimated ordinary income distributions (the total of short-term capital gain and net investment income distributions) for the calendar year 2021.

(7) Qualified Short-Term Capital Gain represents the amount available as short-term capital gain dividends generally exempt from withholding taxes for non-U.S. shareholders under Section 871(k)(2) of the Internal Revenue Code. The information is reflected as a percentage of estimated ordinary income distributions (the total of short-term capital gain and net investment income distributions) for the calendar year 2021.

See accompanying Notes to Financial Statements.

285

DFA103121-001AI 00267814

THE DFA SHORT TERM INVESTMENT FUND

ANNUAL REPORT

YEAR ENDED OCTOBER 31, 2021

TABLE OF CONTENTS

INVESTMENT SUMMARY	3
SCHEDULE OF PORTFOLIO HOLDINGS	4
SCHEDULE OF INVESTMENTS	5
STATEMENT OF ASSETS AND LIABILITIES	8
STATEMENT OF OPERATIONS	9
STATEMENTS OF CHANGES IN NET ASSETS	10
FINANCIAL HIGHLIGHTS	11
NOTES TO FINANCIAL STATEMENTS	12
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	18
SUPPLEMENTAL INFORMATION	19
FUND MANAGEMENT	21

INVESTMENT SUMMARY

Average Annual Total Returns and 7-Day Yield as of 10/31/21

	1 Year			5 Year			Since Inception			7-Day Yield
The DFA Short Term Investment Fund		0.05	%		1.18	%		0.61	%		0.05	%
FTSE One-Month U.S. Treasury Bill Index		0.04	%		1.07	%		0.49	%		—

The performance data quoted represents past performance and is no guarantee of future results. Current performance may be higher or lower than the performance data quoted.

An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency.

Total return equals income return and assumes reinvestment of all net investment income and realized capital gain distributions. The total returns quoted do not reflect adjustments made to the enclosed financial statements in accordance with U.S. generally accepted accounting principles or the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Yields and returns fluctuate. The seven-day yield quotation more closely reflects current earnings of the Fund than the total return quotation.

3

THE DFA SHORT TERM INVESTMENT FUND

Schedule of Portfolio Holdings

October 31, 2021

The following table indicates the allocation of investments among the asset classes in the Fund as of October 31, 2021:

Security Allocation	Percent of Investments
Commercial Paper		51.7	%
Repurchase Agreements		20.1
U.S. Treasury Obligations		14.2
Yankee Certificates of Deposit		14.0
Total Investments		100.0	%

See Notes to Financial Statements.

4

THE DFA SHORT TERM INVESTMENT FUND

Schedule of Investments    

October 31, 2021

Security Description	Rate	Maturity		Face Amount $		Fair Value $
COMMERCIAL PAPER - 51.7%
(r)++ANZ Banking Group, Ltd.	0.16% (US0003M + 3 bps)		03/25/22		70,000,000		70,007,955
(r)++ANZ Banking Group, Ltd.	0.18% (SOFR + 15 bps)		10/18/22		100,000,000		99,999,390
(r)++Bank of Nova Scotia	0.20% (SOFR + 15 bps)		01/21/22		50,000,000		50,011,285
(y)++BNG Bank NV	0.07%		11/02/21		90,000,000		89,999,370
(y)++BNG Bank NV	0.07%		11/23/21		40,000,000		39,997,861
(y)++BNG Bank NV	0.07%		12/09/21		80,592,000		80,584,657
(y)++Caisse Des Depots Et Consignations	0.06%		11/15/21		100,000,000		99,996,553
(y)++Canadian Imperial Bank of Commerce	0.06%		11/01/21		80,000,000		79,999,534
(y)++Canadian Imperial Bank of Commerce	0.07%		01/20/22		75,000,000		74,984,783
(y)++Colgate-Palmolive Co.	0.05%		11/02/21		70,000,000		69,999,533
(r)++Commonwealth Bank of Australia	0.16% (SOFR + 11 bps)		06/23/22		100,000,000		100,000,000
(r)++Commonwealth Bank of Australia	0.18% (SOFR + 13 bps)		09/29/22		62,000,000		61,990,389
(y)++DNB NORBANK ASA	0.09%		12/02/21		50,000,000		49,997,591
(y)++DNB NORBANK ASA	0.09%		12/06/21		20,000,000		19,998,881
(y)++DNB NORBANK ASA	0.10%		12/09/21		45,000,000		44,997,233
(y)++DNB NORBANK ASA	0.09%		12/14/21		10,000,000		9,999,297
(y)++DNB NORBANK ASA	0.09%		12/20/21		17,500,000		17,498,559
(y)++DNB NORBANK ASA	0.10%		12/23/21		26,000,000		25,997,696
(y)++DNB NORBANK ASA	0.10%		01/25/22		55,000,000		54,989,379
(y)++DNB NORBANK ASA	0.09%		01/26/22		70,000,000		69,986,328
(y)++DNB NORBANK ASA	0.09%		01/27/22		60,000,000		59,988,000
(y)++Erste Abwicklungsanstalt	0.07%		11/08/21		25,000,000		24,999,396
(y)European Investment Bank	0.08%		12/16/21		125,000,000		124,988,000
(y)Export Development Canada	0.06%		11/17/21		50,000,000		49,998,417
(y)Export Development Canada	0.06%		11/18/21		50,000,000		49,998,334
(y)Export Development Canada	0.05%		12/06/21		50,000,000		49,996,834
(y)Export Development Canada	0.05%		12/07/21		40,000,000		39,997,400
(y)Exxon Mobil Corp.	0.06%		12/03/21		150,289,000		150,280,234
(y)++FMS Wertmanagement	0.11%		01/11/22		50,000,000		49,987,770
(y)++FMS Wertmanagement	0.13%		01/20/22		25,000,000		24,992,795
(y)++FMS Wertmanagement	0.12%		01/27/22		33,000,000		32,989,275
(y)++FMS Wertmanagement	0.13%		01/31/22		74,500,000		74,474,517
(y)++John Deere Canada ULC	0.07%		11/08/21		40,000,000		39,999,222
(y)++John Deere Canada ULC	0.09%		01/07/22		65,000,000		64,989,510
(y)++John Deere Canada ULC	0.09%		01/13/22		85,000,000		84,984,748
(y)++John Deere Canada ULC	0.10%		01/14/22		30,000,000		29,994,482
(y)++Kimberly-Clark Worldwide	0.06%		11/05/21		33,300,000		33,299,514
(y)++Mizuho Bank, Ltd.	0.07%		11/19/21		100,000,000		99,996,267
(y)++Mizuho Bank, Ltd.	0.10%		11/24/21		20,000,000		19,999,104
(y)++Mizuho Bank, Ltd.	0.07%		11/29/21		70,000,000		69,996,383
(y)++Mizuho Bank, Ltd.	0.13%		01/20/22		35,000,000		34,990,640
(y)++National Australia Bank, Ltd.	0.08%		11/29/21		75,000,000		74,995,479
(y)++National Australia Bank, Ltd.	0.08%		12/01/21		18,500,000		18,498,813
(r)++National Australia Bank, Ltd.	0.15% (SOFR + 10 bps)		04/25/22		125,000,000		125,002,969
(r)++National Australia Bank, Ltd.	0.15% (SOFR + 10 bps)		05/06/22		75,000,000		75,000,000
(y)++Nederlandse Waterschaps NV	0.07%		11/04/21		135,000,000		134,998,110
(y)++Nederlandse Waterschaps NV	0.06%		11/08/21		50,000,000		49,998,792
(y)++Nederlandse Waterschaps NV	0.09%		11/23/21		19,500,000		19,498,686
(y)++Nederlandse Waterschaps NV	0.10%		11/30/21		75,167,000		75,160,318
(y)++Nederlandse Waterschaps NV	0.08%		12/13/21		50,000,000		49,993,750
(y)++Nestle Finance International, Ltd.	0.06%		11/01/21		100,000,000		99,999,592
(y)++Nestle Finance International, Ltd.	0.07%		11/10/21		30,000,000		29,999,460
(y)++Nestle Finance International, Ltd.	0.06%		12/06/21		100,000,000		99,994,194
(y)++Nordea Bank AB	0.09%		11/22/21		50,000,000		49,997,433
(y)++Nordea Bank AB	0.09%		11/24/21		50,000,000		49,997,183
(y)++Nordea Bank AB	0.09%		12/13/21		75,000,000		74,992,500
(y)++Nordea Bank AB	0.09%		12/15/21		40,000,000		39,995,822
(y)++NRW.Bank	0.08%		11/09/21		83,244,000		83,242,219
(y)Oesterreich Kontrollbank	0.10%		01/25/22		20,000,000		19,996,138
(y)Province of British Columbia	0.08%		01/21/22		45,900,000		45,889,504
(y)++PSP Capital, Inc.	0.08%		01/26/22		50,000,000		49,987,763
(y)Queensland Treasury Corp.	0.09%		01/04/22		51,250,000		51,243,133
(r)Royal Bank of Canada NY	0.18% (SOFR + 13 bps)		06/07/22		75,000,000		75,007,667
(r)Royal Bank of Canada NY	0.19% (SOFR + 14 bps)		09/16/22		100,000,000		99,989,307
(r)Royal Bank of Canada NY	0.20% (SOFR + 15 bps)		10/11/22		50,000,000		49,995,814

See Notes to Financial Statements.

5

Security Description	Rate	Maturity		Face Amount $		Fair Value $
COMMERCIAL PAPER - 51.7% (continued)
(y)++Sanofi-Aventis	0.07%		12/21/21		75,000,000		74,991,719
(y)++Sanofi-Aventis	0.07%		12/23/21		16,940,000		16,938,007
(y)++Sanofi-Aventis	0.06%		12/30/21		100,000,000		99,986,050
(y)++Skandinaviska Enskilda Banken AB	0.08%		11/22/21		15,000,000		14,999,300
(y)++Skandinaviska Enskilda Banken AB	0.08%		12/09/21		50,500,000		50,495,744
(y)++Skandinaviska Enskilda Banken AB	0.09%		12/16/21		45,000,000		44,995,440
(y)++Skandinaviska Enskilda Banken AB	0.10%		12/17/21		85,000,000		84,991,208
(y)++Skandinaviska Enskilda Banken AB	0.10%		12/22/21		43,000,000		42,994,969
(y)++Sumitomo Mitsui Bank NY	0.07%		11/01/21		40,000,000		39,999,833
(y)++Sumitomo Mitsui Bank NY	0.09%		11/10/21		40,000,000		39,999,253
(y)++Sumitomo Mitsui Bank NY	0.09%		11/12/21		47,900,000		47,898,901
(y)++Sumitomo Mitsui Bank NY	0.08%		12/20/21		65,000,000		64,991,831
(y)++Sumitomo Mitsui Bank NY	0.11%		01/24/22		35,000,000		34,990,104
(y)++Svenska Handelsbank, Inc.	0.12%		01/24/22		50,000,000		49,990,334
(y)Swedbank AB	0.07%		11/16/21		20,000,000		19,999,500
(y)Swedbank AB	0.06%		11/17/21		30,000,000		29,999,208
(y)Swedbank AB	0.10%		11/24/21		20,000,000		19,999,278
(y)Swedbank AB	0.10%		11/30/21		50,000,000		49,997,733
(y)Swedbank AB	0.09%		12/20/21		15,000,000		14,998,765
(y)Swedbank AB	0.07%		12/21/21		75,000,000		74,993,596
(y)Swedbank AB	0.08%		12/27/21		100,000,000		99,990,167
(y)Swedbank AB	0.09%		01/19/22		35,000,000		34,994,659
(y)++Toronto Dominion Bank NY	0.07%		11/08/21		14,000,000		13,999,693
(r)Toronto Dominion Bank NY	0.20%		10/12/22		100,000,000		99,991,394
(y)++Total Capital Canada, Ltd.	0.06%		11/01/21		75,000,000		74,999,588
(y)++Total Capital Canada, Ltd.	0.07%		11/10/21		60,000,000		59,998,440
(y)++Total Capital Canada, Ltd.	0.07%		11/18/21		90,000,000		89,995,850
(y)Toyota Motor Credit Corp.	0.07%		11/02/21		50,000,000		49,999,611
(y)Toyota Motor Credit Corp.	0.09%		11/05/21		50,000,000		49,999,319
(y)++Toyota Motor Credit Corp.	0.09%		12/22/21		50,000,000		49,993,550
(y)++United Overseas Bank	0.11%		01/21/22		187,500,000		187,446,624
(r)++Westpac Banking Corp.	0.14% (US0003M + 1 bps)		02/07/22		25,000,000		25,000,073
TOTAL COMMERCIAL PAPER (Cost $5,720,131,609)					5,720,582,000		5,720,111,503
YANKEE CERTIFICATES OF DEPOSIT - 14.0%
(r)Bank of Montreal Chicago	0.24% (SOFR + 19 bps)		05/06/22		50,000,000		50,018,086
(r)Bank of Montreal Chicago	0.19% (SOFR + 14 bps)		06/29/22		150,000,000		150,017,904
(r)Bank of Montreal Chicago	0.20% (SOFR + 15 bps)		09/15/22		100,000,000		99,996,500
(r)Bank of Nova Scotia	0.17% (US0003M + 5 bps)		11/05/21		50,000,000		50,000,545
(r)Bank of Nova Scotia	0.21% (SOFR + 16 bps)		02/28/22		115,000,000		115,042,275
(r)Bank of Nova Scotia	0.23% (SOFR + 18 bps)		05/06/22		50,000,000		50,020,823
(r)Bank of Nova Scotia	0.20% (SOFR + 15 bps)		10/20/22		25,000,000		24,996,660
(r)Bank of Nova Scotia	0.20% (SOFR + 15 bps)		10/24/22		25,000,000		24,996,086
(r)Canadian Imperial Bank of Commerce	0.14% (US0003M + 1 bps)		01/14/22		70,000,000		70,008,387
(r)Canadian Imperial Bank of Commerce	0.21% (SOFR + 16 bps)		09/07/22		75,000,000		75,007,295
(r)Canadian Imperial Bank of Commerce	0.19% (SOFR + 14 bps)		10/12/22		50,000,000		49,990,981
(r)Cooperatieve Rabobank UA	0.17% (SOFR + 12 bps)		09/02/22		100,000,000		99,968,916
(r)Royal Bank of Canada NY	0.20% (SOFR + 15 bps)		10/24/22		100,000,000		99,984,065
(r)Skandinaviska Enskilda Banken AB	0.15% (US0001M + 6 bps)		11/23/21		100,000,000		100,003,698
(r)Toronto Dominion Bank NY	0.17%		04/28/22		60,000,000		60,006,778
(r)Toronto Dominion Bank NY	0.22% (SOFR + 17 bps)		05/25/22		80,000,000		80,028,747
(r)++Toronto Dominion Bank NY	0.17%		06/24/22		100,000,000		100,000,373
(r)Westpac Banking Corp.	0.22% (SOFR + 17 bps)		04/19/22		100,000,000		100,037,304
(r)Westpac Banking Corp.	0.18% (SOFR + 13 bps)		07/08/22		75,000,000		75,003,212
(r)Westpac Banking Corp.	0.18% (SOFR + 13 bps)		09/09/22		75,000,000		74,985,790
TOTAL YANKEE CERTIFICATES OF DEPOSIT (Cost $1,550,003,979)					1,550,000,000		1,550,114,425
REPURCHASE AGREEMENTS - 20.1%
Barclays Bank PLC (Purchased on 10/31/21, proceeds at maturity $300,001,000, collateralized by various U.S. Treasury Obligations, 0.13% - 1.50%, 10/31/21 – 2/15/30, market value $306,000,056)	0.04%		11/01/21		300,000,000		300,000,000
BofA Securities, Inc. (Purchased on 10/31/21, proceeds at maturity $100,000,417, collateralized by various U.S. Treasury Obligations, 0.63% - 2.25%, 2/15/27 – 12/31/27, market value $102,000,015)	0.05%		11/01/21		100,000,000		100,000,000
Federal Reserve Bank NY (Purchased on 10/31/21, proceeds at maturity $400,001,667, collateralized by U.S. Treasury Obligation, 1.63%, 4/30/23, market value $400,001,707)	0.05%		11/01/21		400,000,000		400,000,000
Goldman Sachs & Co. LLC (Purchased on 10/31/21, proceeds at maturity $325,001,354, collateralized by various U.S. Government Agency Obligations, 2.50% - 3.50%, 3/20/48 - 10/20/51, market value $331,500,000)	0.05%		11/01/21		325,000,000		325,000,000

See Notes to Financial Statements.

6

Security Description	Rate	Maturity		Face Amount $		Fair Value $
REPURCHASE AGREEMENTS - 20.1% (continued)
J.P. Morgan Securities LLC (Purchased on 10/31/21, proceeds at maturity $350,001,458, collateralized by various U.S. Government Agency Obligations, 2.00% - 8.00%, 4/20/29 -6/15/63, market value $357,000,000)	0.05%		11/01/21		350,000,000		350,000,000
Mizuho Securities USA LLC (Purchased on 10/31/21, proceeds at maturity $100,000,417, collateralized by various U.S. Treasury Obligations, 0.13% - 2.75%, 4/30/22 - 10/31/27, market value $102,000,095)	0.05%		11/01/21		100,000,000		100,000,000
RBC Dominion Securities Inc. (Purchased on 10/31/21, proceeds at maturity $350,001,458, collateralized by various U.S. Treasury Obligations, 0.00% - 6.13%, 11/30/21 - 5/15/30, market value $357,000,004)	0.05%		11/01/21		350,000,000		350,000,000
TD Securities (USA) LLC (Purchased on 10/31/21, proceeds at maturity $300,001,250, collateralized by various U.S. Government Agency Obligations, 2.00% - 4.50%, 9/20/40 -10/20/51, market value $306,000,000)	0.05%		11/01/21		300,000,000		300,000,000
TOTAL REPURCHASE AGREEMENTS (Cost $2,225,000,000)					2,225,000,000		2,225,000,000
U.S. TREASURY OBLIGATIONS - 14.2%
(y)U.S. Treasury Bill	0.05%		11/09/21		100,000,000		99,999,361
(y)U.S. Treasury Bill	0.05%		11/12/21		75,000,000		74,999,055
(y)U.S. Treasury Bill	0.05%		11/30/21		250,000,000		249,987,413
(y)U.S. Treasury Bill	0.05%		01/18/22		150,000,000		149,977,250
(y)U.S. Treasury Bill	0.05%		01/20/22		75,000,000		74,990,625
(y)U.S. Treasury Bill	0.05%		02/01/22		100,000,000		99,984,667
(r)U.S. Treasury Note	0.11% (USBMMY3M + 6 bps)		07/31/22		150,000,000		150,048,726
(r)U.S. Treasury Note	0.11% (USBMMY3M + 6 bps)		10/31/22		350,000,000		350,166,288
(r)U.S. Treasury Note	0.10% (USBMMY3M + 5 bps)		01/31/23		50,000,000		50,015,434
(r)U.S. Treasury Note	0.09% (USBMMY3M + 3 bps)		04/30/23		150,000,000		150,009,195
(r)U.S. Treasury Note	0.08% (USBMMY3M + 3 bps)		07/31/23		125,000,000		124,997,781
TOTAL U.S. TREASURY OBLIGATIONS (Cost $1,575,082,597)					1,575,000,000		1,575,175,795
TOTAL INVESTMENTS (Cost $11,070,218,185) - 100.0%						$	11,070,401,723

SOFR—Secured Overnight Financing Rate

US0001M—1 Month US Dollar LIBOR

US0003M—3 Month US Dollar LIBOR

USBMMY3M—U.S. Treasury 3 Month Bill Money Market Yield

++ Rule 144A, Section 4(2), or other security which is restricted as to resale to institutional investors. The Fund’s Advisor has deemed this security to be liquid based upon procedures approved by the Board of Directors/Trustees. The aggregate value of these securities at October 31, 2021 was $4,367,767,493 which represented 39.4% of the total investments of the Fund.

(r) The adjustable/variable rate shown is effective as of October 31, 2021.

(y) The rate shown is the effective yield.

See Notes to Financial Statements.

7

THE DFA SHORT TERM INVESTMENT FUND

STATEMENT OF ASSETS AND LIABILITIES

OCTOBER 31, 2021

ASSETS:
Investments, at value	$	8,845,401,723
Repurchase agreements, at value		2,225,000,000
Total Investments		11,070,401,723
Cash		889,133,428
Interest receivable		828,472
Receivable for investments sold		225,000,000
Total Assets		12,185,363,623
LIABILITIES:
Payable for investments purchased		180,580,795
Distributions payable		350,023
Accrued expenses and other payables:
Investment Management Fees		479,791
CCO Fees		1,522
Director/Trustee Fees		702,141
Professional Fees		64,371
Transfer Agent Fees		19,215
Other Expenses		8,559
Total Liabilities		182,206,417
Net Assets	$	12,003,157,206
NET ASSETS CONSIST OF:
Capital	$	12,005,950,102
Total Distributable Earnings / (Loss)		(2,792,896	)
NET ASSETS	$	12,003,157,206
Shares of Beneficial Interest (unlimited number of shares authorized, no par value)		1,037,480,933
Net Asset Value (offering and redemption price per share)	$	11.5695	(a)
Investments at cost	$	11,070,218,185

(a) Per share amounts may not recalculate due to rounding of net assets and shares outstanding.

See Notes to Financial Statements.

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THE DFA SHORT TERM INVESTMENT FUND

STATEMENT OF OPERATIONS

OCTOBER 31, 2021

INVESTMENT INCOME:
Interest	$	12,604,940
Total Investment Income		12,604,940
EXPENSES:
Investment Management Fees		5,321,485
Administration Fees		622,614
CCO Fees		2,188
Director/Trustee Fees		284,180
Professional Fees		113,222
Transfer Agent Fees		120,890
Other Expenses		169,566
Total Expenses Before Fee Reductions		6,634,145
Fees Paid Indirectly		(622,614	)
Net Expenses		6,011,531
Net Investment Income		6,593,409
REALIZED/UNREALIZED GAINS (LOSSES) FROM INVESTMENTS
Net Realized Gains from Investment Transactions		252,518
Net Change in Unrealized Depreciation on Investments		(1,702,800	)
Net Realized and Unrealized Losses from Investments		(1,450,282	)
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS	$	5,143,127

See Notes to Financial Statements.

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THE DFA SHORT TERM INVESTMENT FUND

STATEMENTS OF CHANGES IN NET ASSETS

	For the Year Ended October 31, 2021			For the Year Ended October 31, 2020
FROM INVESTMENT ACTIVITIES:
OPERATIONS:
Net Investment Income	$	6,593,409		$	105,935,180
Net Realized Gains (Losses) from Investment Transactions		252,518			(3,018,872	)
Net Change in Unrealized Appreciation (Depreciation) on Investments		(1,702,800	)		1,854,814
Change in Net Assets resulting from operations		5,143,127			104,771,122
DISTRIBUTIONS TO SHAREHOLDERS:
Total Distributions Paid		(6,593,409	)		(105,935,180	)
Change in Net Assets from Distributions to Shareholders		(6,593,409	)		(105,935,180	)
CAPITAL TRANSACTIONS:
Proceeds from Shares Issued		74,119,274,573			73,360,601,657
Dividends Reinvested		845			27,347
Cost of Shares Redeemed		(70,898,717,300	)		(80,938,612,983	)
Change in Net Assets from Capital Transactions		3,220,558,118			(7,577,983,979	)
Change in Net Assets		3,219,107,836			(7,579,148,037	)
NET ASSETS:
Beginning of Year		8,784,049,370			16,363,197,407
End of Year	$	12,003,157,206		$	8,784,049,370
SHARES TRANSACTIONS:
Shares Issued		6,406,047,948			6,339,934,373
Reinvested		73			2,363
Shares Redeemed		(6,127,703,226	)		(6,994,990,166	)
Change in Shares		278,344,795			(655,053,430	)

See Notes to Financial Statements.

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THE DFA SHORT TERM INVESTMENT FUND

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each year)

	For the Year Ended October 31, 2021			For the Year Ended October 31, 2020			For the Year Ended October 31, 2019			For the Year Ended October 31, 2018			For the Year Ended October 31, 2017
NET ASSET VALUE, BEGINNING OF YEAR	$	11.5711		$	11.5707		$	11.5703		$	11.5715		$	11.5723
INVESTMENT ACTIVITIES:
Net Investment Income		0.0074			0.0888			0.2746			0.2041			0.1090
Net Realized and Unrealized Gain/(Losses) on Investments		(0.0017	)		0.0004			0.0004			(0.0012	)		(0.0007	)
Total from Investment Activities		0.0057			0.0892			0.2750			0.2029			0.1083
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net Investment Income		(0.0073	)		(0.0888	)		(0.2746	)		(0.2041	)		(0.1091	)
Net Realized Gains		—			—	(a)		—	(a)		—	(a)		—	(a)
TOTAL DISTRIBUTIONS		(0.0073	)		(0.0888	)		(0.2746	)		(0.2041	)		(0.1091	)
Net Asset Value, End of Year	$	11.5695		$	11.5711		$	11.5707		$	11.5703		$	11.5715
Total Return		0.05	%		0.77	%		2.41	%		1.77	%		0.94	%
SUPPLEMENTAL DATA:
NET ASSETS, END OF YEAR (000’s)	$	12,003,157		$	8,784,049		$	16,363,197		$	20,777,502		$	25,276,452
Ratios to Average Net Assets:
Net Investment Income		0.06	%		0.88	%		2.38	%		1.74	%		0.95	%
Gross Expenses		0.06	%		0.06	%		0.06	%		0.06	%		0.06	%
Net Expenses(b)		0.06	%		0.05	%		0.05	%		0.05	%		0.05	%

(a) Amount less than $0.005.

(b) Ratio as disclosed reflects the impact of custody fee credits earned by the fund on cash balances.

See Notes to Financial Statements.

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THE DFA SHORT TERM INVESTMENT FUND

Notes to Financial Statements

October 31, 2021

A. ORGANIZATION

The DFA Investment Trust Company (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940 (the “1940 Act”). The Trust consists of ten operational series, one of which, The DFA Short Term Investment Fund (the “Fund”), is included in this report. The remaining series are presented in separate reports. The Fund is an investment company and, accordingly, follows the accounting and reporting guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”) Topic 946, “Financial Services – Investment Companies.”

The investment objective of the Fund is to seek to provide a high level of current income consistent with liquidity and the preservation of capital. As a money market fund, the Fund will pursue its investment objective by investing in U.S. dollar-denominated short-term debt securities that meet the strict standards established by the Board of Trustees of the Trust (the “Board”), which are in accordance with Rule 2a-7 under the 1940 Act.

The Board is responsible for establishing the Trust’s policies and for overseeing the management of the Trust. Under the Trust’s organizational documents, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In the normal course of business, the Trust enters into contracts that contain a variety of representations and warranties that provide general indemnification. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust and/or its affiliates that have not yet occurred. However, based on prior experience, the Trust expects the risk of loss to be remote.

B. SIGNIFICANT ACCOUNTING POLICIES

The following significant accounting policies are in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Such policies are consistently followed by the Trust in preparation of its financial statements. The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates and those differences could be material.

1. SECURITY VALUATION – The Fund utilizes 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
• 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 Fund’s own assumptions in determining the fair value of investments)

The securities held by the Fund are valued at market value or fair value in accordance with procedures adopted by the Board. Debt securities 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 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. These valuations are generally categorized as Level 2 or Level 3 in the hierarchy.

A summary of the inputs used to value the Fund’s investments is disclosed previously in this Note. A valuation hierarchy table has been provided below. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

When determining the fair value of the Fund’s investments, additional consideration is given to those assets or liabilities that have experienced a decrease in the volume or level of activity or have identified circumstances that indicate that a transaction is not orderly.

12

THE DFA SHORT TERM INVESTMENT FUND

Notes to Financial Statements – (continued)

October 31, 2021

The following table provides the fair value measurements of the Fund’s investments by level within the fair value hierarchy as of October 31, 2021:

	LEVEL 1 INVESTMENTS IN SECURITIES		LEVEL 2 INVESTMENTS IN SECURITIES		LEVEL 3 INVESTMENTS IN SECURITIES
THE DFA SHORT TERM INVESTMENT FUND
Commercial Paper	$	—	$	5,720,111,503	$	—
Yankee Certificates of Deposit		—		1,550,114,425		—
Repurchase Agreements		—		2,225,000,000		—
U.S. Treasury Obligations		—		1,575,175,795		—
Total Investments	$	—	$	11,070,401,723	$	—

2. DEFERRED COMPENSATION PLAN – Each eligible trustee (each a “Trustee” and collectively, the “Trustees”) of the Trust may elect to participate in the Fee Deferral Plan for Independent Directors and Trustees (the “Plan”). Under the Plan effective January 1, 2002, such Trustees may defer payment of all or a portion of their total fees earned as a Trustee. These deferred amounts may be treated as though such amounts had been invested in shares of the following funds: U.S. Large Cap Value Portfolio; U.S. Core Equity 1 Portfolio; U.S. Large Company Portfolio; U.S. Vector Equity Portfolio; U.S. Micro Cap Portfolio; DFA International Value Portfolio; International Core Equity Portfolio; Emerging Markets Portfolio; Emerging Markets Core Equity Portfolio; DFA Inflation-Protected Securities Portfolio; and/or DFA Two-Year Global Fixed Income Portfolio. Contributions made under the Plan and the change in unrealized appreciation (depreciation) and income are included in Director/Trustee Fees.

Each Trustee has the option to receive the distribution of proceeds in one of the following methods: lump sum; annual installments over a period of agreed-upon years; or quarterly installments over a period of agreed-upon years. Each Trustee shall have the right in a notice of election (the “Notice”) to defer the receipt of the Trustee’s deferred compensation until a date specified by such Trustee in the Notice, which date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Trustee ceases to be a member of the Board; and (ii) five years following the effective date of the Trustee’s first deferral election. If a Trustee who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Trustee’s deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Trustee ceases to be a member of the Board (unless the Trustee files an amended Notice selecting a different distribution date).

At October 31, 2021, the Fund’s total liability of $535,024 for deferred compensation to Trustees is included in the “Director/Trustee Fees” payable (a line item which also includes Trustee fees/expenses, currently in a prepaid state) on the Statement of Assets and Liabilities.

3. SECURITY TRANSACTIONS AND RELATED INCOME – Security transactions are accounted for as of the trade date. Costs used in determining realized gains and losses on the sale of investment securities are on the basis of identified cost. Dividend income and distributions to shareholders are recorded on the ex-dividend date. The Fund generally declares distributions from net investment income on a daily basis and pays dividends monthly. Any capital gains are distributed at least annually. The Fund does not expect to realize any long-term capital gains and losses. The Fund may distribute such income dividends and capital gains more frequently, if necessary, in order to reduce or eliminate federal excise or income taxes on the Fund. Interest income is recognized on an accrual basis and includes amortization or accretion of premia or discount using the straight-line method. Costs used in determining net realized gains and losses on the sales of investment securities are those of the specific securities sold, adjusted for the accretion or amortization of purchase discounts or premia during the respective holding period.

4. ALLOCATIONS – The Trust bears all of its own fees, expenses, charges, assessments, taxes, and other costs incurred in its operation, whether incurred directly by the Trust or by Dimensional Fund Advisors LP, the Fund’s investment adviser (the “Advisor” or “DFA”), on its behalf. Expenses directly attributable to the Fund are charged to the Fund. Expenses not directly attributable to the Fund are allocated among the respective portfolios in the Trust on the basis of their relative net assets.

13

THE DFA SHORT TERM INVESTMENT FUND

Notes to Financial Statements – (continued)

October 31, 2021

C. FEDERAL INCOME TAXES

The Fund is classified as a regulated investment company for tax purposes. As a regulated investment company, the Fund generally pays no U.S. federal income tax on the income and gains that the Fund distributes to shareholders.

Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulation, which may differ from those amounts determined under U.S. GAAP. These book/tax differences are either temporary (e.g., wash sale losses) or permanent (e.g., reclassification of certain gain/loss and distributions) in nature. To the extent these differences are permanent, they are charged or credited to paid-in capital, undistributed net investment income or accumulated net realized gains, as appropriate, in the period that the differences arise. There were no permanent differences as of October 31, 2021, attributable to distribution redesignations.

As of October 31, 2021, the tax cost of securities and the breakdown of unrealized appreciation and depreciation of securities for federal income tax purposes are as follows:

	Tax Cost of Securities		Unrealized Appreciation		Unrealized Depreciation			Net Unrealized Appreciation / (Depreciation)
The DFA Short Term Investment Fund	$	11,070,218,185	$	377,605	$	(194,067	)	$	183,538

ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES sets forth a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return.

For all open tax years and all major taxing jurisdictions, management of the Fund has concluded that there are no significant uncertain tax positions that would require recognition in the Fund’s financial statements. The Fund is not aware of any tax positions for which it is more likely than not that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each of the Fund’s federal tax returns for the prior three fiscal years remains subject to examination by the Internal Revenue Service.

The tax character of distributions paid to shareholders during the years ended October 31, 2021 and October 31, 2020 were as follows:

	Distributions Paid From
	Net Investment Income		Long-Term Capital Gains		Total Distributions Paid
The DFA Short Term Investment Fund
2021	$	7,211,693	$	—	$	7,211,693
2020		132,105,179		—		132,105,179

As of October 31, 2021, the components of distributable earnings (accumulated losses) on a tax basis were as follows:

	Undistributed
	Ordinary Income		Long- Term Capital Gains		Accumulated Earnings		Distributions Payable			Accumulated Capital And Other Losses			Unrealized Appreciation (Depreciation)		Total Accumulated Earnings (Deficit)
The DFA Short Term Investment Fund	$	904,379	$	—	$	904,379	$	(350,023	)	$	(2,810,125	)	$	183,538	$	(2,072,231	)

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THE DFA SHORT TERM INVESTMENT FUND

Notes to Financial Statements – (continued)

October 31, 2021

D. FINANCIAL INSTRUMENTS

REPURCHASE AGREEMENTS – The Fund may engage in repurchase agreement (“RA”) transactions with counterparties with creditworthiness and other characteristics deemed appropriate by the Advisor. The Fund, through its custodian, receives delivery of underlying securities collateralizing an RA. Collateral for certain tri-party RAs is held at the counterparty’s custodian in a segregated account for the benefit of the Fund and the counterparty. The counterparty will be required to maintain collateral with a value at least equal, at all times, to the value of the repurchase obligation including interest. RA transactions involve certain risks in the event of default or insolvency of the counterparty. These risks include possible delay or restrictions upon the Fund’s ability to dispose of the collateral and a possible decline in the value of the collateral during the period while the Fund seeks to assert its rights.

RAs permit the Fund, under certain circumstances including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under the RA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Fund. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of the RA counterparty’s bankruptcy or insolvency. Pursuant to the terms of the RA, the Fund receives securities as collateral with a market value in excess of the repurchase price to be received by the Fund upon the maturity of the repurchase transaction. Upon a bankruptcy or insolvency of the RA counterparty, the Fund would recognize a liability with respect to such excess collateral to reflect the Fund’s obligation under bankruptcy law to return the excess to the counterparty.

E. RELATED PARTY TRANSACTIONS

INVESTMENT MANAGER – Dimensional Fund Advisors LP serves as investment advisor to the Fund. Pursuant to an investment management agreement with the Trust with respect to the Fund (the “Investment Management Agreement”), the Advisor manages the investment and reinvestment of the Fund’s assets. DFA has served as the Fund’s investment advisor since the Fund’s commencement of operations. Pursuant to the terms of the investment management agreement, the Advisor receives a management fee calculated daily and payable monthly from the Fund at an annual rate of 0.05% of the average daily net assets.

FEES PAID TO OFFICERS AND TRUSTEES – Certain Officers and Trustees of the Advisor are also Officers and Trustees of the Trust; however, such Officers and Trustees (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Trust. Amounts paid to the Trust’s CCO are reflected on the Statement of Operations as “CCO fees”.

At October 31, 2021, the following number of shareholders held the approximate percentage of the Fund’s outstanding shares:

	Number of Shareholders		Approximate Percentage of Outstanding Shares
The DFA Short Term Investment Fund		2		19	%

F. INTEREST RATE AND CREDIT RISKS

The Fund invests primarily in money market instruments maturing in 397 calendar days or less and which are considered Eligible Securities (as defined in Rule 2a-7 under the 1940 Act). The ability of the issuers of the securities held by the Fund to meet their obligations may be affected by economic developments in a specific industry, state or region. Currently, interest rates are at or near historic lows, which may increase the Fund’s exposure to the risks associated with rising interest rates. When interest rates are very low, the Fund’s expenses could absorb all or a portion of the Fund’s income and yield. When interest rates fall, certain obligations will be paid off by the obligor more quickly than originally anticipated, and the Fund may have to invest the proceeds in securities with lower yields. Recent and potential future changes in monetary policy made by central banks and/or their governments may affect interest rates.

The Fund is subject to the risk that the Advisor’s security selection and expectations regarding interest rate trends will cause the yields of the Fund to lag the performance of other mutual funds with similar investment objectives or the performance of short-term debt instruments. The emphasis of the Fund on quality and liquidity also could cause the Fund to underperform when compared to other money market funds, particularly those that take greater maturity and credit risks.

15

THE DFA SHORT TERM INVESTMENT FUND

Notes to Financial Statements – (continued)

October 31, 2021

G. LINE OF CREDIT AND INTERFUND LENDING PROGRAM

The Fund, together with other Dimensional-advised portfolios, has entered into a $700 million unsecured line of credit with its custodian bank effective January 2, 2021. A similar line of credit for $700 million was in effect through January 2, 2021. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed to by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the line of credit expires on January 1, 2022. There were no borrowings by the Fund under this line of credit during the year ended October 31, 2021.

Pursuant to an exemptive order issued by the SEC (the “Order”), the Fund may participate in an interfund lending program among certain portfolios managed by the Advisor (portfolios that operate as feeder funds do not participate in the program). The program allows the participating portfolios to borrow money from and loan money to each other for temporary or emergency purposes, subject to the conditions in the Order. A loan can only be made through the program if the interfund loan rate on that day is more favorable to both the borrowing and lending portfolios as compared to rates available through short-term bank loans or investments in overnight repurchase agreements and money market funds, respectively, as detailed in the Order. Further, a portfolio may participate in the program only if and to the extent that such participation is consistent with its investment objective and limitations. Interfund loans have a maximum duration of seven days and may be called on one business day’s notice.

For the year ended October 31, 2021, activity by the Fund under the interfund lending program was as follows (amounts in thousands, except percentages and days):

Lender	Weighted Average Loan Balance		Number of Days Outstanding*		Weighted Average Annualized Interest Rate			Interest Income (Expense)
The DFA Short Term
Investment Fund	$	70,986		9		0.43	%	$	8

* Number of Days Outstanding represents the total of single or consecutive days during the year ended October 31, 2021, that the Fund’s interfund lending program was used.

H. RECENTLY ISSUED ACCOUNTING STANDARDS

In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU No. 2021-01, with further amendments to Topic 848. The amendments in the ASUs provide optional temporary accounting recognition and financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the LIBOR and other interbank-offered based reference rates as of the end of 2021 and 2023. The ASUs are effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management has reviewed the requirements and believes the adoption of these ASUs will not have a material impact on the Fund’s financial statements.

On December 3, 2020, the Securities and Exchange Commission (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 Fund.

16

THE DFA SHORT TERM INVESTMENT FUND

Notes to Financial Statements – (concluded)

October 31, 2021

I. SUBSEQUENT EVENTS

Management has evaluated the impact of all subsequent events on the Fund through the date these financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements.

J. 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 the Fund’s performance.

17

THE DFA SHORT TERM INVESTMENT FUND

October  31, 2021

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of The DFA Investment Trust Company and Shareholders of The DFA Short Term Investment Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The DFA Short Term Investment Fund (one of the funds constituting The DFA Investment Trust Company, hereafter referred to as the “Fund”) as of October 31, 2021, the related statement of operations for the year ended October 31, 2021, the statement of changes in net assets for each of the two years in the period ended October 31, 2021, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2021 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2021, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2021 and the financial highlights for each of the five years in the period ended October 31, 2021 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2021 by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 22, 2021

We have served as the auditor of one or more investment companies in Dimensional Fund Advisors L.P. investment company group since 1981.

18

THE DFA SHORT TERM INVESTMENT FUND

Supplemental Information

October 31, 2021 – (Unaudited)

EXPENSE EXAMPLES

The following Expense Table is shown so that you can understand the impact of fees on your investment. All mutual funds have operating expenses. As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports, among others. Operating expenses and legal and audit services, which are deducted from a fund’s gross income, directly reduce the investment return of the fund. A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs, in dollars, of investing in the fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.

The Expense Table below illustrates your fund’s costs in two ways.

Actual Fund Return

This section helps you to estimate the actual expenses after fee waivers that you paid over the period. The “Ending Account Value” shown is derived from the fund’s actual return and “Expenses Paid During Period” reflects the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. To do so, simply divide your account value by $1,000 (for example, a $7,500 account value divided by $1,000 = 7.5), then multiply the result by the number in the table under the heading “Expenses Paid During Period.”

Hypothetical Example for Comparison Purposes

This section is intended to help you compare your fund’s costs with those of other mutual funds. The hypothetical “Ending Account Value” and “Expenses Paid During Period” are derived from the fund’s actual expense ratio and an assumed 5% annual return before expenses. In this case, because the return used is not the fund’s actual return, the results do not apply to your investment. The example is useful in making comparisons because the SEC requires all mutual funds to calculate expenses based on a 5% annual return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect any transactional costs, if applicable. The “Annualized Expense Ratio” represents the actual expenses for the six-month period indicated.

		Beginning Account Value 5/1/21		Ending Account Value 10/31/21		Expenses Paid During Period 5/1/21 - 10/31/21(1)		Annualized Expense Ratio During Period
The DFA Short Term Investment Fund	Actual	$	1,000.00	$	1,000.20	$	0.30		0.06	%
	Hypothetical		1,000.00		1,024.90		0.31		0.06

(1) Expenses are equal to the fund’s annualized expense ratio for the six-month period, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period (184), then divided by the number of days in the year (365) to reflect the six-month period.

19

THE DFA SHORT TERM INVESTMENT FUND

Supplemental Information – (concluded)

October 31, 2021 – (Unaudited)

VOTING PROXIES ON FUND PORTFOLIO SECURITIES

A description of the policies and procedures that the Fund and the Trust use in voting proxies relating to securities held in the portfolios is available (1) without charge, upon request, by calling collect: (512) 306-7400 (2) from the Advisor’s website at http://us.dimensional.com; and (3) on the SEC’s website at http://www.sec.gov. Information regarding how the Advisor votes these proxies is available from the EDGAR database on the SEC’s website at http://www.sec.gov and from the Advisor’s website at http://us.dimensional.com and reflects the twelve-month period beginning July 1st and ending June 30th.

PORTFOLIO HOLDINGS INFORMATION

The SEC requires that all money market funds publish their holdings on a monthly basis on the fund’s website and file a complete Schedule of Investments with the SEC monthly on Form N-MFP. Such Form N-MFP filing must be made within five business days of the end of the month. They are available on the Fund’s website at http://us.dimensional.com/dfa-short-term-investment-fund, or by visiting the SEC’s website at http://www.sec.gov.

20

THE DFA SHORT TERM INVESTMENT FUND

Fund Management

October 31, 2021 – (Unaudited)

Trustees/Directors

Each Board of Trustees/Directors (each, the “Board” and collectively, the “Boards”) of The DFA Investment Trust Company (“DFAITC”), DFA Investment Dimensions Group Inc. (“DFAIDG”), Dimensional Investment Group Inc. (“DIG”), Dimensional ETF Trust (“ETF Trust”), and Dimensional Emerging Markets Value Fund (“DEM”) (each, the “Fund” and collectively, the “Funds”) is responsible for establishing the Funds’ policies and for overseeing the management of the Funds. The Trustees/ Directors of the Funds, including all of the disinterested Trustees/Directors, have adopted written procedures to monitor potential conflicts of interest that might develop between portfolios of the Funds (the “Feeder Portfolios”) that invest in certain series of DFAITC or DEM (the “Master Funds”).

Each Board has three standing committees, an Audit Committee, a Nominating Committee, and an Investment Strategy Committee (the “Strategy Committee”). The Audit Committee is composed of George M. Constantinides, Roger G. Ibbotson, Abbie J. Smith and Ingrid M. Werner. Each member of the Audit Committee is a disinterested Trustee/Director. The Audit Committee oversees the Fund’s accounting and financial reporting policies and practices, the Fund’s internal controls, the Fund’s financial statements and the independent audits thereof and performs other oversight functions as requested by the Board. The Audit Committee recommends the appointment of each Fund’s independent registered certified public accounting firm and acts as a liaison between the Fund’s independent registered certified public accounting firm and the full Board. There were two Audit Committee meetings held during the fiscal year ended October 31, 2021.

Each Board’s Nominating Committee is composed of George M. Constantinides, Roger G. Ibbotson, Myron S. Scholes, Abbie J. Smith, Douglas W. Diamond, Darrell Duffie and Ingrid M. Werner. Each member of the Nominating Committee is a disinterested Trustee/Director. The Nominating Committee for each Board makes recommendations for nominations of disinterested and interested members on the Board to the disinterested Board members 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. There were four Nominating Committee meetings held during the fiscal year ended October 31, 2021.

Each Board’s Strategy Committee is composed of Gerard K. O’Reilly, Douglas W. Diamond, Myron S. Scholes and Darrell Duffie. The Strategy Committee assists the Board in carrying out its fiduciary duties with respect to the oversight of the Fund and its performance. At the request of the Board or the Advisor, the Strategy Committee (i) reviews the design of possible new series of the Fund, (ii) reviews performance of existing portfolios of the Funds and discusses and recommends possible enhancements to the portfolios’ investment strategies, (iii) reviews proposals by the Advisor to modify or enhance the investment strategies or policies of each portfolio, and (iv) considers issues relating to investment services for each portfolio of the Fund. There were three Strategy Committee meetings held during the fiscal year ended October 31, 2021.

Certain biographical information for each disinterested Trustee/Director and interested Trustee/Director of the Funds is set forth in the tables below, including a description of each Trustee/Director’s experience as a Trustee/ Director of the Funds and as a Director or Trustee of other funds, as well as other recent professional experience.

The statements of additional information (together, “SAI”) of the Funds include additional information about each Trustee/Director. You may obtain copies of the SAI and prospectus of each Fund advised by Dimensional Fund Advisors LP by calling collect (512) 306-7400 or by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746. Prospectuses are also available at http://us.dimensional.com.

21

THE DFA SHORT TERM INVESTMENT FUND

Fund Management - (continued)

October 31, 2021 – (Unaudited)

Disinterested Directors/Trustees

Name, Address and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years	Portfolios within the DFA Fund Complex2 Overseen	Other Directorships of Public Companies Held During Past 5 Years
George M. Constantinides University of Chicago Booth School of Business 5807 S. Woodlawn Avenue Chicago, IL 60637 1947	Director/ Trustee	DFAIDG – Since 1983; DIG & DEM – Since 1993; DFAITC – Since 1992; ETF Trust - Since 2020	Leo Melamed Professor of Finance, University of Chicago Booth School of Business (since 1978).	137 portfolios in 5 investment companies	None
Douglas W. Diamond c/o Dimensional Fund Advisors LP 6300 Bee Cave Road, Building One Austin, TX 78746 1953	Director/ Trustee	DFAIDG, DIG, DEM & DFAITC – Since 2017; ETF Trust - Since 2020	Merton H. Miller Distinguished Service Professor of Finance, University of Chicago Booth School of Business (since 1988). Formerly, Visiting Scholar, Federal Reserve Bank of Richmond (1990-2019). Formerly, Fischer Black Visiting Professor of Financial Economics, Alfred P. Sloan School of Management, Massachusetts Institute of Technology (2015-2016).	137 portfolios in 5 investment companies	None
Darrell Duffie c/o Dimensional Fund Advisors LP 6300 Bee Cave Road, Building One Austin, TX 78746 1954	Director/ Trustee	DFAIDG, DIG, DEM & DFAITC – Since 2019; ETF Trust - Since 2020	Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University (since 1984). Director, TNB Inc. (bank) (since 2020).	137 portfolios in 5 investment companies	Formerly, Director, Moody’s Corporation (financial information and information technology) (2008- 2018).
Roger G. Ibbotson Yale School of Management 165 Whitney Avenue New Haven, CT 06511 1943	Director/ Trustee	DFAIDG – Since 1981; DIG & DEM – Since 1993; DFAITC – Since 1992; ETF Trust - Since 2020	Professor in Practice Emeritus of Finance, Yale School of Management (since 1984). Chairman and Partner, Zebra Capital Management, LLC (hedge fund and asset manager) (since 2001). Formerly, Consultant to Morningstar, Inc. (2006-2016).	137 portfolios in 5 investment companies	None
Myron S. Scholes c/o Dimensional Fund Advisors LP 6300 Bee Cave Road, Building One Austin, TX 78746 1941	Director/ Trustee	DFAIDG – Since 1981; DIG & DEM – Since 1993; DFAITC – Since 1992; ETF Trust - Since 2020	Chief Investment Strategist, Janus Henderson Investors (since 2014). Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University (since 1981).	137 portfolios in 5 investment companies	None

22

THE DFA SHORT TERM INVESTMENT FUND

Fund Management - (continued)

October 31, 2021 – (Unaudited)

Abbie J. Smith University of Chicago Booth School of Business 5807 S. Woodlawn Avenue Chicago, IL 60637 1953	Director/ Trustee	DFAIDG, DIG, DEM & DFAITC – Since 2000; ETF Trust - Since 2020	Boris and Irene Stern Distinguished Service Professor of Accounting and James S. Ely, III Faculty Fellow, University of Chicago Booth School of Business (since 1980).	137 portfolios in 5 investment companies	Director, (since 2000) and formerly, Lead Director (2014- 2017), HNI Corporation (office furniture); Director, Ryder System Inc. (transportation, logistics and supply-chain management) (since 2003); and Trustee, UBS Funds (3 investment companies within the fund complex) (14 portfolios since 2009).
Ingrid M. Werner c/o Dimensional Fund Advisors LP 6300 Bee Cave Road, Building One Austin, TX 78746 1961	Director/ Trustee	DFAIDG, DIG, DEM & DFAITC – Since 2019; ETF Trust - Since 2020	Martin and Andrew Murrer Professor of Finance, Fisher College of Business, The Ohio State University (since 1998). Adjunct Member, the Prize Committee for the Swedish Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (annual award for significant scientific research contribution) (since 2018). Director, American Finance Association (global association of academic researchers and practitioners in finance) (since January 2019). Member, Scientific Board, Leibniz Institute for Financial Research (institute supporting academic research in finance) (since 2020). Chair, Economic Advisory Committee, FINRA (since 2017). Chairman, Scientific Advisory Board, Swedish House of Finance (institute supporting academic research in finance) (since 2014). Member, Scientific Board, Danish Finance Institute (institute supporting academic research in finance) (since 2017). Member, Academic Board, Mistra Financial Systems (organization funding academic research on environment, governance and climate/sustainability in finance) (since 2016). Fellow, Center for Analytical Finance (academic research) (since 2015). Associate Editor, Journal of Finance (since 2016). Formerly, President, Western Finance Association (global association of academic researchers and practitioners in finance) (2018- 2019).	137 portfolios in 5 investment companies	Director, Fourth Swedish AP Fund (pension fund asset management) (since 2017).

23

THE DFA SHORT TERM INVESTMENT FUND

Fund Management - (continued)

October 31, 2021 – (Unaudited)

Interested Director/Trustee

The following interested Trustee is described as such because he is deemed to be an “interested person,” as that term is defined under the 1940 Act, due to his position with the Advisor.

Name, Address and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years	Portfolios within the DFA Fund Complex2 Overseen	Other Directorships of Public Companies Held During Past 5 Years
David G. Booth 6300 Bee Cave Road, Building One Austin, TX 78746 1946	Chairman and Director/ Trustee	DFAIDG – Since 1981; DIG & DFAITC – Since 1992; DEM – Since 1993; ETF Trust - Since 2020	Chairman, Director/Trustee, and formerly, President and Co-Chief Executive Officer (each until March 2017) of Dimensional Emerging Markets Value Fund (“DEM”), DFA Investment Dimensions Group Inc. (“DFAIDG”), Dimensional Investment Group Inc. (“DIG”), The DFA Investment Trust Company (“DFAITC”). Executive Chairman, and formerly, President and Co-Chief Executive Officer (each until February 2017) of Dimensional Holdings Inc., Dimensional Fund Advisors LP, Dimensional Investment LLC and DFA Securities LLC (collectively with DEM, DFAIDG, DIG and DFAITC, the “DFA Entities”). Chairman and Trustee of the ETF Trust (since June 2020). Formerly, Chairman and Director (2009-2018) and Co-Chief Executive Officer (2010 – June 2017) of Dimensional Fund Advisors Canada ULC. Trustee, University of Chicago (since 2002). Trustee, University of Kansas Endowment Association (since 2005). Member of the Hoover Institution Board (since September 2019). Formerly, Director of Dimensional Fund Advisors Ltd. (2002 – July 2017), DFA Australia Limited (1994 – July 2017), Dimensional Advisors Ltd. (2012 – July 2017), Dimensional Funds plc (2006 – July 2017) and Dimensional Funds II plc (2006 – July 2017). Formerly, Director and President of Dimensional Japan Ltd. (2012 – April 2017). Formerly, President, Dimensional SmartNest (US) LLC (2009-2014); and Limited Partner, VSC Investors, LLC (2007-2015). Formerly, Chairman, Director, President and Co- Chief Executive Officer of Dimensional Cayman Commodity Fund I Ltd. (2010-September 2017).	137 portfolios in 5 investment companies	None

1 Each Director/Trustee holds office for an indefinite term until his or her successor is elected and qualified.

2 Each Director/Trustee is a director or trustee of each of the five registered investment companies within the DFA Fund Complex, which include: DFAIDG, DIG; DFAITC; DEM; and ETF Trust. Each disinterested Director/Trustee also serves on the Independent Review Committee of the Dimensional Funds, mutual funds registered in the provinces of Canada and managed by the Advisor’s affiliate, Dimensional Fund Advisors Canada ULC.

24

THE DFA SHORT TERM INVESTMENT FUND

Fund Management - (continued)

October 31, 2021 – (Unaudited)

Officers

Below is the name, year of birth, information regarding positions with the Trust and the principal occupation for each officer of the Trust. 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 DFA Entities.

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
Valerie A. Brown 1967	Vice President and Assistant Secretary	Since 2001	Vice President and Assistant Secretary of •  all the DFA Entities (since 2001) •  DFA Australia Limited (since 2002) •  Dimensional Fund Advisors Ltd. (since 2002) •  Dimensional Cayman Commodity Fund I Ltd. (since 2010) •  Dimensional Fund Advisors Pte. Ltd. (since 2012) •  Dimensional Hong Kong Limited (since 2012) •  ETF Trust (since 2020) Director, Vice President and Assistant Secretary (since 2003) of •  Dimensional Fund Advisors Canada ULC
Ryan P. Buechner 1982	Vice President and Assistant Secretary	Since September 2019	Vice President and Assistant Secretary of •  DFAIDG, DIG, DFAITC and DEM (since 2019) •  ETF Trust (since 2020) Vice President (since January 2018) of •  Dimensional Holdings Inc. •  Dimensional Fund Advisors LP •  Dimensional Investment LLC •  DFA Securities LLC
David P. Butler 1964	Co-Chief Executive Officer	Since 2017	Co-Chief Executive Officer of •  all the DFA Entities (since 2017) •  ETF Trust (since 2020) Director (since 2017) of •  Dimensional Holdings Inc. •  Dimensional Fund Advisors Canada ULC •  Dimensional Japan Ltd. •  Dimensional Advisors Ltd. •  Dimensional Fund Advisors Ltd. •  DFA Australia Limited Director and Co-Chief Executive Officer (since 2017) of •  Dimensional Cayman Commodity Fund I Ltd. Head of Global Financial Advisor Services (since 2007) for •  Dimensional Fund Advisors LP Formerly, Vice President (2007 – 2017) of •  all the DFA Entities
Stephen A. Clark 1972	Executive Vice President	Since 2017	Executive Vice President of •  all the DFA Entities (since 2017) •  ETF Trust (since 2020) Director and Vice President (since 2016) of •  Dimensional Japan Ltd. President and Director (since 2016) of •  Dimensional Fund Advisors Canada ULC Vice President (since 2008) and Director (since 2016) of •  DFA Australia Limited Director (since 2016) of •  Dimensional Advisors Ltd. •  Dimensional Fund Advisors Pte. Ltd. •  Dimensional Hong Kong Limited

25

THE DFA SHORT TERM INVESTMENT FUND

Fund Management - (continued)

October 31, 2021 – (Unaudited)

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
			Vice President (since 2019) of •  Dimensional Fund Advisors Pte. Ltd. Formerly, Vice President (2004 – 2017) of •  all the DFA Entities Formerly, Vice President (2010 – 2016) of •  Dimensional Fund Advisors Canada ULC Formerly, Vice President (2016-2019) of •  Dimensional Fund Advisors Pte. Ltd. Formerly, Interim Chief Executive Officer (2019) of •  Dimensional Fund Advisors Pte. Ltd. Formerly, Head of Institutional, North America (2012 – 2013) and Head of Global Institutional Services (2014-2018) for •  Dimensional Fund Advisors LP
Lisa M. Dallmer 1972	Chief Operating Officer	Since June 2021	Chief Operating Officer (since June 2021) of •  the DFA Fund Complex •  ETF Trust Executive Vice President (since January 2020) •  Dimensional Holdings Inc. •  Dimensional Fund Advisors LP •  Dimensional Investment LLC •  DFA Securities LLC Chief Operating Officer (since December 2019) •  Dimensional Holdings Inc. •  Dimensional Fund Advisors LP •  Dimensional Investment LLC •  DFA Securities LLC Formerly, Vice President, Chief Financial Officer, and Treasurer (June 2020 - June 2021) of •  the DFA Fund Complex •  ETF Trust Formerly, Senior Vice President, Business Operations (March 2019 – October 2019) at •  Delphix Inc. Formerly, Chief Operating Officer Global Technology & Operations, Managing Director (2014 – 2018) of •  BlackRock Inc.
Bernard J. Grzelak 1971	Vice President	Since June 2021	Vice President (since June 2021) of •  the DFA Fund Complex •  ETF Trust Vice President, Chief Financial Officer and Treasurer (since September 2020) of •  DFA Australia Limited •  Dimensional Fund Advisors Canada ULC •  DFA Securities LLC •  Dimensional Advisors Ltd. •  Dimensional Fund Advisors LP •  Dimensional Fund Advisors Ltd. •  Dimensional Fund Advisors Pte. Ltd. •  Dimensional Holdings Inc. •  Dimensional Hong Kong Limited •  Dimensional Investment LLC Vice President (since March 2021) of •  Dimensional Ireland Limited Formerly, Partner (2008 – 2020), Chief Operating Officer, Global Funds and Risk (2018 – 2020), Chief Operations Officer (2016 – 2018), and Director of

26

THE DFA SHORT TERM INVESTMENT FUND

Fund Management - (continued)

October 31, 2021 – (Unaudited)

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
			Fund Administration (2003 – 2016) of Lord Abbett & Co. LLC Formerly, Chief Financial Officer (2017 - 2020), and Treasurer (2003 – 2017) •  of Lord Abbett Family of Funds
Eric Hall 1978	Vice President and Assistant Treasurer	Since June 2021	Vice President and Assistant Treasurer (since June 2021) of •  the DFA Fund Complex •  ETF Trust Formerly, Data Integrity Team Lead (December 2019 – April 2021) of •  Clearwater Analytics Formerly, Assistant Vice President and Assistant Treasurer (March 2015 – November 2019) at •  INVESCO, U.S. (formerly, OppenheimerFunds, Inc.)
Jeff J. Jeon 1973	Vice President	Since 2004	Vice President (since 2004) and Assistant Secretary (2017-2019) of •  all the DFA Entities Vice President (since 2020) of •  ETF Trust Vice President and Assistant Secretary (since 2010) of •  Dimensional Cayman Commodity Fund I Ltd.
Joy Lopez 1971	Vice President and Assistant Treasurer	Vice President since 2015 and Assistant Treasurer since 2017	Vice President (since 2015) of •  all the DFA Entities Assistant Treasurer (since 2017) of •  the DFA Fund Complex Vice President and Assistant Treasurer (since 2020) of •  ETF Trust Formerly, Senior Tax Manager (2013 – 2015) for •  Dimensional Fund Advisors LP
Kenneth M. Manell 1972	Vice President	Since 2010	Vice President of •  all the DFA Entities (since 2010) •  Dimensional Cayman Commodity Fund I Ltd. (since 2010) •  ETF Trust (since 2020)
Jan Miller 1963	Vice President, Chief Financial Officer, and Treasurer	Since June 2021	Vice President, Chief Financial Officer, and Treasurer (since June 2021) of •  the DFA Fund Complex •  ETF Trust Formerly, Director (May 2019 – January 2021) at •  INVESCO, U.S. (formerly, OppenheimerFunds, Inc.) Formerly, Vice President and Assistant Treasurer (September 2012 – May 2019) at •  OppenheimerFunds, Inc
Catherine L. Newell 1964	President and General Counsel	President since 2017 and General Counsel sincec 2001	President of •  the DFA Fund Complex (since 2017) •  ETF Trust (since 2020) General Counsel (since 2001) of •  all the DFA Entities Executive Vice President (since 2017) and Secretary (since 2000) of •  Dimensional Fund Advisors LP •  Dimensional Holdings Inc. •  DFA Securities LLC •  Dimensional Investment LLC

27

THE DFA SHORT TERM INVESTMENT FUND

Fund Management - (continued)

October 31, 2021 – (Unaudited)

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
			Director (since 2002), Vice President (since 1997) and Secretary (since 2002) of •  DFA Australia Limited •  Dimensional Fund Advisors Ltd. Vice President and Secretary of •  Dimensional Fund Advisors Canada ULC (since 2003) •  Dimensional Cayman Commodity Fund I Ltd. (since 2010) •  Dimensional Japan Ltd. (since 2012) •  Dimensional Advisors Ltd (since 2012) •  Dimensional Fund Advisors Pte. Ltd. (since 2012) Director of •  Dimensional Funds plc (since 2002) •  Dimensional Funds II plc (since 2006) •  Director of Dimensional Japan Ltd. (since 2012) •  Dimensional Advisors Ltd. (since 2012) •  Dimensional Fund Advisors Pte. Ltd. (since 2012) •  Dimensional Hong Kong Limited (since 2012) •  Dimensional Ireland Limited (since 2019) Formerly, Vice President and Secretary (2010 – 2014) of •  Dimensional SmartNest (US) LLC Formerly, Vice President (1997 – 2017) and Secretary (2000 – 2017) of •  DFAIDG, DIG, DFAITC and DEM Formerly, Vice President of •  Dimensional Fund Advisors LP (1997 – 2017) •  Dimensional Holdings Inc. (2006 – 2017) •  DFA Securities LLC (1997 – 2017) •  Dimensional Investment LLC (2009 – 2017)
Selwyn J. Notelovitz 1961	Vice President	Since September 2021	Vice President (since September 2021) of •  the DFA Fund Complex Vice President (since December 2012) and Chief Compliance Officer (since July 2020) of: •  DFA Securities LLC •  Dimensional Fund Advisors LP •  Dimensional Holdings Inc. •  Dimensional Investment LLC Chief Compliance Officer (since July 2020) of: •  DFA Australia Limited •  Dimensional Fund Advisors Ltd. •  Dimensional Fund Advisors Canada ULC Formerly, Deputy Chief Compliance Officer (2013-2020) of: •  DFAIDG, DIG, DFAITC and DEM •  DFA Securities LLC •  Dimensional Fund Advisors LP •  Dimensional Holdings Inc. •  Dimensional Investment LLC Formerly, Vice President (2013-2020) of: •  DFAIDG, DIG, DFAITC and DEM Formerly, Director (2019-2021) of: •  Dimensional Ireland Limited

28

THE DFA SHORT TERM INVESTMENT FUND

Fund Management - (continued)

October 31, 2021 – (Unaudited)

Name and Year of Birth	Position	Term of Office1 and Length of Service	Principal Occupation During Past 5 Years
Carolyn L. O 1974	Vice President and Secretary	Vice President since 2010 and Secretary since 2017	Vice President (since 2010) and Secretary (since 2017) of •  the DFA Fund Complex Vice President and Secretary (since 2020) of •  ETF Trust Vice President (since 2010) and Assistant Secretary (since 2016) of •  Dimensional Fund Advisors LP •  Dimensional Holdings Inc. •  Dimensional Investment LLC Vice President of •  DFA Securities LLC (since 2010) •  Dimensional Cayman Commodity Fund I Ltd. (since 2010) •  Dimensional Fund Advisors Canada ULC (since 2016)
Randy C. Olson 1980	Chief Compliance Officer	Since August 2020	Chief Compliance Officer (since 2020) •  All the DFA Funds •  ETF Trust Vice President (since 2016) of •  DFA Securities LLC •  Dimensional Fund Advisors LP •  Dimensional Holdings Inc. •  Dimensional Investment LLC Formerly, Vice President – Senior Compliance Officer •  Dimensional Investment Advisors LP (January 2020 – August 2020 and July 2014 – March 2017) Formerly, Vice President – Head of Compliance & Operations Asia Ex-Japan •  Dimensional Investment Advisors LP (April 2017 – January 2020)
Gerard K. O’Reilly 1976	Co-Chief Executive Officer and Chief Investment Officer	Co-Chief Executive Officer and Chief Investment Officer since 2017	Co-Chief Executive Officer and Chief Investment Officer of •  all the DFA Entities (since 2017) •  Dimensional Fund Advisors Canada ULC (since 2017) •  ETF Trust (since 2020) Director, Chief Investment Officer and Vice President (since 2017) of •  DFA Australia Limited Chief Investment Officer (since 2017) and Vice President (since 2016) of •  Dimensional Japan Ltd. Director, Co-Chief Executive Officer and Chief Investment Officer (since 2017) of •  Dimensional Cayman Commodity Fund I Ltd. Director of •  Dimensional Funds plc (since 2014) •  Dimensional Funds II plc (since 2014) •  Dimensional Holdings Inc. (since 2017) •  Dimensional Ireland Limited (since 2019) Formerly, Co-Chief Investment Officer of •  Dimensional Japan Ltd. (2016 – 2017) •  DFA Australia Limited (2014 – 2017) Formerly, Executive Vice President (2017) and Co-Chief Investment Officer (2014 – 2017) of •  all the DFA Entities Formerly, Vice President (2007 – 2017) of •  all the DFA Entities Formerly, Vice President and Co-Chief Investment Officer (2014 – 2017) of •  Dimensional Fund Advisors Canada ULC Formerly, Director (2017-2018) of •  Dimensional Fund Advisors Pte. Ltd.

29

THE DFA SHORT TERM INVESTMENT FUND

Fund Management – (concluded)

October 31, 2021 – (Unaudited)

James J. Taylor 1983 Vice President and Assistant Treasurer Since June 2020 Vice President and Assistant Treasurer (since 2020) of   •  the DFA Fund Complex Vice President (since 2016)   •  Dimensional Holdings Inc.   •  Dimensional Fund Advisors LP   •  Dimensional Investment LLC   •  DFA Securities LLC   Formerly, Accounting Manager (2015 – 2016)   •  Dimensional Fund Advisors LP

¹  Each officer holds office for an indefinite term at the pleasure of the Board and until his or her successor is elected and qualified.

30

ITEM 2. CODE OF ETHICS.

The Registrant has adopted, as of the end of the period covered by this Form N-CSR (the “Report”), a code of ethics that applies to the Registrant’s Co-Principal Executive Officers and Principal Financial Officer (the “Code of Business Ethics”). The Registrant has not made any substantive amendments to the Code of Business Ethics during the period covered by this Report. The Registrant also has not granted any waiver from any provisions of the Code of Business Ethics during the period covered by this Report. A copy of the Code of Business Ethics is filed as an exhibit to this Report.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

The Registrant’s Board of Trustees has determined that Abbie J. Smith possesses the technical attributes to qualify as an “audit committee financial expert” serving on the Registrant’s Audit Committee and has designated Ms. Smith as the “audit committee financial expert.” Ms. Smith

earned a Ph.D. in Accounting, and has taught Accounting at the graduate level since 1980. Ms. Smith’s education and career have provided her with an understanding of generally accepted accounting principles and financial statements; the ability to assess the general application of such principles in connection with the accounting for estimates, accruals and reserves; and experience preparing, analyzing and evaluating financial statements that present a breadth and level of complexity of issues that can reasonably be expected to be raised by the Registrant’s financial statements. In addition, Ms. Smith has served on the boards of directors and audit committees of entities other than the Registrant. Ms. Smith is independent under the standards set forth in Item 3 of Form N-CSR.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

(a) Audit Fees

Fiscal Year Ended October 31, 2021: $399,146

Fiscal Year Ended October 31, 2020: $251,332

(b) Audit-Related Fees

Fees for Registrant	–	Fiscal Year Ended October 31, 2021: $32,385
		Fiscal Year Ended October 31, 2020: $20,433

For fiscal years ended October 31, 2021 and October 31, 2020, Audit-Related Fees included fees for services related to limited procedures performed in connection with the production of the Registrant’s semi-annual financial statements.

Audit-Related Fees required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X

Fiscal Year Ended October 31, 2021: $220,000

Fiscal Year Ended October 31, 2020: $215,000

For the fiscal years ended October 31, 2021 and October 31, 2020, Audit-Related Fees required to be approved pursuant to 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 Registrant’s investment adviser.

(c) Tax Fees

Fees for Registrant	–	Fiscal Year Ended October 31, 2021: $3,495
		Fiscal Year Ended October 31, 2020: $3,600

Tax Fees included, for the fiscal year ended October 31, 2020, fees for tax services in connection with the Registrant’s excise tax calculations, review of the Registrant’s applicable tax returns and review of the Registrant’s tax equalization calculations.

There were no Tax Fees required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X during the fiscal years indicated above.

(d) All Other Fees

Fees for Registrant	–	Fiscal Year Ended October 31, 2021: $0
		Fiscal Year Ended October 31, 2020: $0

There were no “All Other Fees” required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X during the fiscal years indicated above.

(e) (1) Audit Committee’s Pre-Approval Policies and Procedures

Pre-Approval Policies and Procedures

as 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.

A. General

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

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 Funds, if the non-audit services to the Service Affiliate directly impact the Funds’ operations and financial reporting.

B. Pre-Approval of Audit Services to the Funds

1. The Committee shall approve the engagement of an independent registered public accounting firm to certify the Funds’ 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 Funds will receive.

2. The Committee shall report to the Boards of Directors/Trustees of the Funds (together, 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 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 Funds (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 Funds and to Service Affiliates—by Types of Services

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

2. Annually, at such time as the Committee considers the Engagement of the Auditor, management of the Funds, 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 Funds may request from the Auditor during the fiscal year; and (b) a list of those types of non-audit services directly impacting the Funds’ 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 Funds 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 Funds 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 Funds, 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 Funds 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 Funds’ 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 Funds 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.

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 Funds 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 Funds 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.

(e)(2) The fees disclosed in Items 4(b), 4(c) or 4(d) were approved by the Registrant’s Audit Committee but not pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

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

(g) Aggregate Non-Audit Fees

Fiscal Year Ended October 31, 2021: $1,355,006

Fiscal Year Ended October 31, 2020: $1,318,159

(h) The Registrant’s Audit Committee has considered whether the provision of non-audit services that were rendered to the Registrant’s investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Registrant, that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

This item is not applicable to the Registrant because it is not a listed issuer.

ITEM 6. INVESTMENTS.

(a) Please see the schedules of investments contained in the reports to stockholders included under Item 1 of this Report except as discussed below. Provided below is a complete schedule of investments for each series of the Registrant that provided a summary schedule of portfolio holdings in a report to stockholders included under Item 1 in lieu of a complete schedule of investments. The schedules of investments for the following series are provided below:

Name of Entity for which Schedule of Investments is Provided

The U.S. Large Cap Value Series

The DFA International Value Series

The Japanese Small Company Series

The Asia Pacific Small Company Series

The United Kingdom Small Company Series

The Continental Small Company Series

The Canadian Small Company Series

The Emerging Markets Series

The Emerging Markets Small Cap Series

THE U.S. LARGE CAP VALUE SERIES

SCHEDULE OF INVESTMENTS

October 31, 2021

		Shares		Value†
COMMON STOCKS — (98.6%)
COMMUNICATION SERVICES — (9.6%)
	Activision Blizzard, Inc.		914,042	$	71,468,944
	AT&T, Inc.		22,876,258		577,854,277
# *	Charter Communications, Inc., Class A		391,280		264,070,959
	Comcast Corp., Class A		14,284,552		734,654,509
# *	Discovery, Inc., Class A		1,025,284		24,032,657
*	Discovery, Inc., Class C		1,512,068		34,112,254
*	DISH Network Corp., Class A		655,458		26,919,660
	Electronic Arts, Inc.		14,138		1,982,854
	Fox Corp., Class A		1,012,263		40,227,332
	Fox Corp., Class B		398,625		14,733,180
	Interpublic Group of Cos., Inc.		846,787		30,967,001
*	Liberty Broadband Corp., Class A		27,366		4,399,632
*	Liberty Broadband Corp., Class C		255,397		41,489,243
*	Liberty Media Corp.-Liberty Formula One, Class A		39,281		2,048,504
*	Liberty Media Corp.-Liberty Formula One, Class C		78,562		4,383,760
*	Liberty Media Corp.-Liberty SiriusXM, Class A		157,126		7,821,732
*	Liberty Media Corp.-Liberty SiriusXM, Class C		358,516		17,682,009
#	Lumen Technologies, Inc.		6,413,688		76,066,340
# *	Madison Square Garden Entertainment Corp.		8,266		582,505
	News Corp., Class A		579,629		13,273,504	��
	News Corp., Class B		64,856		1,463,151
	Omnicom Group, Inc.		59,952		4,081,532
*	T-Mobile U.S., Inc.		1,375,885		158,268,052
	Verizon Communications, Inc.		5,468,340		289,767,337
	ViacomCBS, Inc., Class A		2,909		113,247
	ViacomCBS, Inc., Class B		1,966,931		71,242,241
*	Walt Disney Co.		2,075,362		350,881,453
# *	Zillow Group, Inc., Class C		6,600		683,958
*	Zynga, Inc., Class A		10,500		77,490
TOTAL COMMUNICATION SERVICES					2,865,349,317
CONSUMER DISCRETIONARY — (7.0%)
	Advance Auto Parts, Inc.		260,851		58,827,117
*	Aptiv PLC		179,618		31,054,156
	Aramark		912,981		33,305,547
	Autoliv, Inc.		417,162		40,402,140
# *	AutoNation, Inc.		16,300		1,974,256
	BorgWarner, Inc.		1,106,571		49,873,155
*	Capri Holdings Ltd.		28,630		1,524,261
*	CarMax, Inc.		348,626		47,733,872
# *	Carnival Corp.		1,380,879		30,600,279
*	Dollar Tree, Inc.		491,742		52,990,118
	DR Horton, Inc.		2,991,530		267,053,883
*	Ford Motor Co.		7,664,173		130,904,075
#	Gap, Inc.		942,706		21,389,999
	Garmin Ltd.		539,512		77,473,923
*	General Motors Co.		5,294,855		288,198,958
	Gentex Corp.		1,383,656		48,967,586
	Genuine Parts Co.		7,025		921,048
	Hasbro, Inc.		36,378		3,483,557
*	Hyatt Hotels Corp., Class A		135,848		11,574,250
	Kohl’s Corp.		522,185		25,341,638
	Lear Corp.		354,145		60,859,818
	Lennar Corp., Class A		1,101,303		110,053,209
	Lennar Corp., Class B		37,985		3,117,809

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

		Shares		Value†
CONSUMER DISCRETIONARY — (Continued)
	Lithia Motors, Inc., Class A		108,700	$	34,699,214
*	LKQ Corp.		1,704,698		93,894,766
	MGM Resorts International		1,571,958		74,133,539
*	Mohawk Industries, Inc.		538,637		95,451,863
	Newell Brands, Inc.		423,698		9,698,447
# *	Norwegian Cruise Line Holdings Ltd.		89,903		2,312,305
	PulteGroup, Inc.		2,382,974		114,573,390
*	PVH Corp.		289,789		31,682,631
	Qurate Retail, Inc., Class A		63,525		663,201
	Ralph Lauren Corp.		234,179		29,780,543
# *	Royal Caribbean Cruises Ltd.		599,907		50,650,148
	Tapestry, Inc.		359,369		14,008,204
	Target Corp.		118,528		30,772,239
	Toll Brothers, Inc.		163,928		9,863,548
# *	Veoneer, Inc.		289,615		10,194,448
#	Whirlpool Corp.		492,212		103,773,056
TOTAL CONSUMER DISCRETIONARY					2,103,776,196
CONSUMER STAPLES — (5.9%)
	Archer-Daniels-Midland Co.		1,132,777		72,769,594
	Bunge Ltd.		586,403		54,324,374
	Campbell Soup Co.		75,842		3,029,888
	Conagra Brands, Inc.		713,685		22,980,657
	Constellation Brands, Inc., Class A		399,835		86,688,226
*	Darling Ingredients, Inc.		496,900		41,997,988
	General Mills, Inc.		1,780,895		110,059,311
#	Hormel Foods Corp.		211,849		8,965,450
	Ingredion, Inc.		10,380		988,487
	J M Smucker Co.		730,185		89,710,529
	Keurig Dr Pepper, Inc.		148,700		5,366,583
	Kraft Heinz Co.		998,622		35,840,544
	Kroger Co.		3,332,236		133,356,085
	McCormick & Co., Inc.		34,185		2,742,663
	Molson Coors Beverage Co., Class B		452,391		19,945,919
	Mondelez International, Inc., Class A		3,446,636		209,348,671
*	Pilgrim’s Pride Corp.		6,211		174,902
*	Post Holdings, Inc.		242,049		24,563,132
	Seaboard Corp.		13		50,050
	Tyson Foods, Inc., Class A		1,703,838		136,255,925
*	U.S. Foods Holding Corp.		1,048,790		36,361,549
	Walgreens Boots Alliance, Inc.		2,964,353		139,383,878
	Walmart, Inc.		3,574,592		534,115,537
TOTAL CONSUMER STAPLES					1,769,019,942
ENERGY — (7.8%)
	Baker Hughes Co.		835,609		20,957,074
	Cabot Oil & Gas Corp.		79,737		1,699,993
	Chevron Corp.		2,479,971		283,931,880
	ConocoPhillips		5,239,620		390,299,294
#	Continental Resources, Inc.		7,637		372,762
	Devon Energy Corp.		448,267		17,966,541
	Diamondback Energy, Inc.		4,467		478,818
	EOG Resources, Inc.		1,171,923		108,356,000
	Exxon Mobil Corp.		6,882,535		443,717,031
	Halliburton Co.		1,689,840		42,229,102
	Hess Corp.		1,051,133		86,792,052
	HollyFrontier Corp.		392		13,250
	Kinder Morgan, Inc.		4,353,789		72,925,966

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

		Shares		Value†
ENERGY — (Continued)
	Marathon Oil Corp.		57,701	$	941,680
	Marathon Petroleum Corp.		2,499,258		164,776,080
*	NOV, Inc.		23,459		328,895
	Occidental Petroleum Corp.		3,930,559		131,791,643
	ONEOK, Inc.		977,512		62,189,313
	Phillips 66		938,504		70,181,329
	Pioneer Natural Resources Co.		483,420		90,389,872
	Schlumberger NV		4,645,370		149,859,636
	Targa Resources Corp.		438,261		23,959,729
	Valero Energy Corp.		1,099,754		85,043,977
	Williams Cos., Inc.		3,362,733		94,459,170
TOTAL ENERGY					2,343,661,087
FINANCIALS — (21.7%)
	Aflac, Inc.		1,552,844		83,341,137
*	Alleghany Corp.		33,373		21,738,505
	Allstate Corp.		789,514		97,639,196
	Ally Financial, Inc.		3,002,913		143,359,067
	American Financial Group, Inc.		352,608		47,968,792
	American International Group, Inc.		1,394,312		82,389,896
*	Arch Capital Group Ltd.		522,976		21,870,856
	Assurant, Inc.		225,564		36,385,729
*	Athene Holding Ltd., Class A		122,622		10,669,340
	Axis Capital Holdings Ltd.		60,236		3,136,489
	Bank of America Corp.		9,081,247		433,901,934
	Bank of New York Mellon Corp.		2,654,900		157,170,080
*	Berkshire Hathaway, Inc., Class B		1,932,050		554,517,671
	BOK Financial Corp.		6,114		618,553
	Capital One Financial Corp.		1,585,334		239,432,994
	Charles Schwab Corp.		3,700		303,511
	Chubb Ltd.		588,566		114,994,025
	Citigroup, Inc.		5,054,796		349,589,691
	Citizens Financial Group, Inc.		925,776		43,863,267
	CNA Financial Corp.		188,355		8,449,605
	Comerica, Inc.		155,103		13,197,714
	East West Bancorp, Inc.		105,524		8,387,048
	Equitable Holdings, Inc.		1,600		53,600
	Everest Re Group Ltd.		105,228		27,517,122
	Fifth Third Bancorp		4,368,319		190,152,926
	First Horizon Corp.		75,600		1,282,932
	Franklin Resources, Inc.		55,372		1,743,664
	Goldman Sachs Group, Inc.		1,096,257		453,137,831
	Hartford Financial Services Group, Inc.		2,301,121		167,820,755
	Huntington Bancshares, Inc.		4,897,331		77,083,990
	Invesco Ltd.		245,316		6,233,480
	Jefferies Financial Group, Inc.		303,442		13,048,006
	JPMorgan Chase & Co.		5,030,448		854,622,811
	KeyCorp.		3,705,439		86,225,566
	Lincoln National Corp.		542,046		39,108,619
	Loews Corp.		912,236		51,149,073
	M&T Bank Corp.		167,424		24,631,419
*	Markel Corp.		1,271		1,668,988
	MetLife, Inc.		992,550		62,332,140
	Morgan Stanley		4,295,101		441,450,481
	Northern Trust Corp.		7,507		923,661
	Old Republic International Corp.		789,063		20,381,497
	People’s United Financial, Inc.		396,896		6,802,797
	PNC Financial Services Group, Inc.		1,142,434		241,087,847
	Principal Financial Group, Inc.		1,679,227		112,659,339

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

		Shares		Value†
FINANCIALS — (Continued)
	Prosperity Bancshares, Inc.		10,200	$	768,162
	Prudential Financial, Inc.		735,801		80,974,900
	Raymond James Financial, Inc.		2,229		219,757
	Regions Financial Corp.		5,577,353		132,071,719
	Reinsurance Group of America, Inc.		171,654		20,268,904
	RenaissanceRe Holdings Ltd.		59,524		8,440,503
	Santander Consumer USA Holdings, Inc.		811,033		33,820,076
	Signature Bank		400		119,128
	State Street Corp.		481,912		47,492,428
	Synchrony Financial		1,171,756		54,428,066
	Synovus Financial Corp.		22,362		1,041,846
	Travelers Cos., Inc.		1,136,535		182,845,751
	Truist Financial Corp.		2,893,413		183,644,923
	U.S. Bancorp		677,224		40,884,013
	Unum Group		30,296		771,639
#	Voya Financial, Inc.		140,636		9,812,174
	Wells Fargo & Co.		5,521,821		282,496,362
	WR Berkley Corp.		260,023		20,697,831
	Zions Bancorp NA		744,970		46,925,660
TOTAL FINANCIALS					6,501,767,486
HEALTH CARE — (15.7%)
	Abbott Laboratories		290,207		37,404,780
	AbbVie, Inc.		6,916		793,058
	Anthem, Inc.		803,952		349,823,634
	Baxter International, Inc.		660,698		52,168,714
	Becton Dickinson & Co.		159,545		38,225,387
*	Biogen, Inc.		450,922		120,251,879
*	Bio-Rad Laboratories, Inc., Class A		28,609		22,735,000
*	Boston Scientific Corp.		50,481		2,177,245
	Bristol-Myers Squibb Co.		4,416,689		257,934,638
*	Catalent, Inc.		24,420		3,366,541
*	Centene Corp.		1,396,759		99,505,111
	Cerner Corp.		214,084		15,904,300
*	Change Healthcare, Inc.		290,410		6,252,527
	Cigna Corp.		1,075,436		229,723,884
	Cooper Cos., Inc.		6,954		2,899,262
	CVS Health Corp.		4,791,977		427,827,707
	Danaher Corp.		975,010		303,978,868
*	DaVita, Inc.		437,096		45,125,791
	DENTSPLY SIRONA, Inc.		322,766		18,465,443
*	Elanco Animal Health, Inc.		80,232		2,638,028
*	Envista Holdings Corp.		11,130		435,183
	Gilead Sciences, Inc.		2,017,924		130,922,909
*	Henry Schein, Inc.		212,926		16,256,900
*	Hologic, Inc.		58,398		4,281,157
	Humana, Inc.		517,327		239,605,173
*	IQVIA Holdings, Inc.		144,920		37,884,986
*	Jazz Pharmaceuticals PLC		216,185		28,761,252
*	Laboratory Corp. of America Holdings		758,731		217,770,972
	McKesson Corp.		123,372		25,646,571
	Medtronic PLC.		1,794,733		215,116,697
	PerkinElmer, Inc.		121,202		21,439,422
	Perrigo Co. PLC		16,298		735,855
	Pfizer, Inc.		17,597,787		769,727,203
	Quest Diagnostics, Inc.		971,775		142,637,134
*	Regeneron Pharmaceuticals, Inc.		115,450		73,881,073
	STERIS PLC		209,232		48,905,888
*	Syneos Health, Inc.		13,905		1,297,893

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

		Shares		Value†
HEALTH CARE — (Continued)
	Teleflex, Inc.		400	$	142,776
	Thermo Fisher Scientific, Inc.		758,947		480,466,577
*	United Therapeutics Corp.		40,188		7,666,263
	UnitedHealth Group, Inc.		5,974		2,750,848
	Universal Health Services, Inc., Class B		541,236		67,167,388
*	Vertex Pharmaceuticals, Inc.		78,678		14,549,923
	Viatris, Inc.		3,416,293		45,607,512
	Zimmer Biomet Holdings, Inc.		367,080		52,536,490
TOTAL HEALTH CARE					4,683,395,842
INDUSTRIALS — (13.6%)
*	AECOM		555,241		37,961,827
	AGCO Corp.		370,490		45,277,583
*	Alaska Air Group, Inc.		277,035		14,627,448
	AMERCO		84,561		62,320,611
	AMETEK, Inc.		167,329		22,154,360
	Arcosa, Inc.		75,409		3,900,908
*	Builders FirstSource, Inc.		591,900		34,490,013
*	CACI International, Inc., Class A		2,200		632,808
	Carlisle Cos., Inc.		344,730		76,847,212
	Carrier Global Corp.		2,108,684		110,136,565
	CSX Corp.		1,802,425		65,193,712
	Cummins, Inc.		513,903		123,254,495
	Deere & Co.		1,688		577,819
*	Delta Air Lines, Inc.		270,717		10,593,156
	Dover Corp.		414,398		70,066,414
	Eaton Corp. PLC		1,110,312		182,935,005
	Emerson Electric Co.		244,394		23,708,662
	FedEx Corp.		1,020,334		240,319,267
*	Fluor Corp.		363		7,057
	Fortive Corp.		270,555		20,483,719
	Fortune Brands Home & Security, Inc.		521,389		52,868,845
	General Dynamics Corp.		429,452		87,071,393
	General Electric Co.		705,939		74,031,823
*	GXO Logistics, Inc.		844,422		74,984,674
	Howmet Aerospace, Inc.		1,598,924		47,472,053
	Hubbell, Inc.		31,189		6,218,151
	Huntington Ingalls Industries, Inc.		720		145,966
*	Ingersoll Rand, Inc.		798,380		42,920,909
	Jacobs Engineering Group, Inc.		344,319		48,349,274
# *	JetBlue Airways Corp.		345,167		4,842,693
	Johnson Controls International PLC		1,549,925		113,717,997
	Kansas City Southern		679,296		210,751,584
	L3Harris Technologies, Inc.		109,489		25,241,594
	Leidos Holdings, Inc.		736,625		73,647,767
	ManpowerGroup, Inc.		148,673		14,369,245
*	MasTec, Inc.		13,315		1,186,766
*	Middleby Corp.		58,200		10,618,008
	Nielsen Holdings PLC		1,024,597		20,748,089
	Norfolk Southern Corp.		802,832		235,269,918
	Northrop Grumman Corp.		40,280		14,388,822
	nVent Electric PLC		13,164		466,664
	Oshkosh Corp.		194,784		20,841,888
	Otis Worldwide Corp.		1,228,006		98,621,162
	Owens Corning		522,134		48,772,537
	PACCAR, Inc.		962,001		86,214,530
	Parker-Hannifin Corp.		386,272		114,564,412
	Pentair PLC		1,022,156		75,608,879
	Quanta Services, Inc.		681,204		82,616,421

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

		Shares		Value†
INDUSTRIALS — (Continued)
	Raytheon Technologies Corp.		2,028,378	$	180,241,669
	Republic Services, Inc.		1,835,706		247,086,028
	Roper Technologies, Inc.		9,729		4,746,487
*	Sensata Technologies Holding PLC		672,107		37,033,096
	Snap-on, Inc.		314,577		63,931,484
*	Southwest Airlines Co.		1,349,865		63,821,617
	Stanley Black & Decker, Inc.		768,993		138,211,112
	Textron, Inc.		1,834,221		135,457,221
	Trane Technologies PLC		750,431		135,775,481
*	United Airlines Holdings, Inc.		833,721		38,467,887
*	United Rentals, Inc.		245,930		93,234,522
	Westinghouse Air Brake Technologies Corp.		314,577		28,541,571
*	XPO Logistics, Inc.		844,422		72,451,408
TOTAL INDUSTRIALS					4,071,040,288
INFORMATION TECHNOLOGY — (9.2%)
*	Akamai Technologies, Inc.		143,163		15,097,970
	Amdocs Ltd.		720,716		56,100,533
	Analog Devices, Inc.		608,583		105,583,065
*	Arrow Electronics, Inc.		474,688		54,945,136
	Avnet, Inc.		5,178		197,334
# *	Cerence, Inc.		658		69,175
*	Ciena Corp.		76,500		4,153,185
	Cognizant Technology Solutions Corp., Class A		1,483,782		115,868,536
	Concentrix Corp.		94,091		16,718,089
	Corning, Inc.		4,000,592		142,301,057
	Dolby Laboratories, Inc., Class A		16,857		1,489,316
*	DXC Technology Co.		784,579		25,553,738
*	F5 Networks, Inc.		108		22,804
	Fidelity National Information Services, Inc.		826,110		91,483,421
# *	First Solar, Inc.		1,083		129,516
*	Fiserv, Inc.		500,034		49,248,349
*	Flex Ltd.		1,342,960		22,696,024
	Global Payments, Inc.		246,990		35,317,100
	Hewlett Packard Enterprise Co.		8,061,105		118,095,188
	HP, Inc.		9,358,742		283,850,645
	Intel Corp.		12,800,223		627,210,927
	International Business Machines Corp.		472,514		59,111,501
*	IPG Photonics Corp.		3,170		504,062
	Jabil, Inc.		219,735		13,175,311
	Juniper Networks, Inc.		1,212,705		35,799,052
	Lam Research Corp.		19,375		10,919,169
	Marvell Technology, Inc.		1,148,850		78,696,225
	Microchip Technology, Inc.		2,564		189,967
	Micron Technology, Inc.		4,258,919		294,291,303
	MKS Instruments, Inc.		1,502		225,375
*	Nuance Communications, Inc.		4,368		240,458
*	ON Semiconductor Corp.		2,363,988		113,636,903
*	Qorvo, Inc.		523,064		87,995,057
	Skyworks Solutions, Inc.		274,655		45,903,090
	SS&C Technologies Holdings, Inc.		361,929		28,762,498
	SYNNEX Corp.		94,091		9,879,555
	TE Connectivity Ltd.		987,862		144,227,852
*	Teledyne Technologies, Inc.		629		282,559
	Vontier Corp.		23,227		785,769
*	Western Digital Corp.		1,180,996		61,754,281
	Xerox Holdings Corp.		31,592		562,338
TOTAL INFORMATION TECHNOLOGY					2,753,073,433

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

		Shares		Value†
MATERIALS — (7.4%)
	Air Products & Chemicals, Inc.		379,320	$	113,723,929
	Albemarle Corp.		500,961		125,475,702
	Alcoa Corp.		535		24,583
	Amcor PLC		1,181,325		14,258,593
*	Arconic Corp.		223,306		6,569,663
	Ball Corp.		644		58,913
	Celanese Corp., Class A		78,858		12,736,356
	CF Industries Holdings, Inc.		1,280,508		72,732,854
# *	Cleveland-Cliffs, Inc.		19,366		466,914
	Corteva, Inc.		1,073,383		46,316,476
	Dow, Inc.		2,444,152		136,799,187
	DuPont de Nemours, Inc.		557,162		38,778,475
	Eastman Chemical Co.		863,487		89,828,553
	FMC Corp.		1,803		164,091
	Freeport-McMoRan, Inc.		5,290,412		199,554,341
	Huntsman Corp.		8,221		267,840
	International Flavors & Fragrances, Inc.		429,686		63,357,201
	International Paper Co.		2,105,441		104,577,254
*	Linde PLC		736,764		235,175,069
	LyondellBasell Industries NV, Class A		981,375		91,091,228
	Martin Marietta Materials, Inc.		263,699		103,591,515
	Mosaic Co.		660,597		27,461,017
	Newmont Corp.		1,820,613		98,313,102
	Nucor Corp.		2,025,072		226,099,289
	Packaging Corp. of America		118,549		16,285,076
	PPG Industries, Inc.		2,452		393,718
	Reliance Steel & Aluminum Co.		435,518		63,655,311
	Royal Gold, Inc.		87,093		8,623,949
	Sonoco Products Co.		136,082		7,885,952
	Steel Dynamics, Inc.		1,692,329		111,829,100
*	Sylvamo Corp.		191,403		5,389,908
	Valvoline, Inc.		796,275		27,041,499
	Vulcan Materials Co.		533,578		101,443,849
	Westlake Chemical Corp.		372,164		36,226,444
	WestRock Co.		694,588		33,409,683
TOTAL MATERIALS					2,219,606,634
REAL ESTATE — (0.5%)
*	CBRE Group, Inc., Class A		868,711		90,415,441
*	Howard Hughes Corp.		4,513		393,218
*	Jones Lang LaSalle, Inc.		218,089		56,317,122
TOTAL REAL ESTATE					147,125,781
UTILITIES — (0.2%)
	MDU Resources Group, Inc.		20,335		624,895
	NRG Energy, Inc.		1,169,432		46,648,642
	Vistra Corp.		1,084,247		21,240,399
TOTAL UTILITIES					68,513,936
TOTAL COMMON STOCKS Cost ($16,670,232,267)					29,526,329,942
TEMPORARY CASH INVESTMENTS — (0.9%)
	State Street Institutional U.S. Government Money Market Fund 0.025%		252,244,635		252,244,635

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

		Shares		Value†
SECURITIES LENDING COLLATERAL — (0.5%)
@ §	The DFA Short Term Investment Fund		13,464,092	$	155,779,548
TOTAL INVESTMENTS — (100.0%)
(Cost $17,078,248,214)				$	29,934,354,125
†	See Note B to Financial Statements.
#	Total or Partial Securities on Loan.
*	Non-Income Producing Securities.
@	Security purchased with cash collateral received from Securities on Loan.
§	Affiliated Fund.

As of October 31, 2021, The U.S. Large Cap Value Series 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		938		12/17/21	$	206,938,892	$	215,599,300	$	8,660,408
Total Futures Contracts					$	206,938,892	$	215,599,300	$	8,660,408

Summary of the Series’ investments as of October 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	$	2,865,349,317		—		—	$	2,865,349,317
Consumer Discretionary		2,103,776,196		—		—		2,103,776,196
Consumer Staples		1,769,019,942		—		—		1,769,019,942
Energy		2,343,661,087		—		—		2,343,661,087
Financials		6,501,767,486		—		—		6,501,767,486
Health Care		4,683,395,842		—		—		4,683,395,842
Industrials		4,071,040,288		—		—		4,071,040,288
Information Technology		2,753,073,433		—		—		2,753,073,433
Materials		2,219,606,634		—		—		2,219,606,634
Real Estate		147,125,781		—		—		147,125,781
Utilities		68,513,936		—		—		68,513,936
Temporary Cash Investments		252,244,635		—		—		252,244,635
Securities Lending Collateral		—	$	155,779,548		—		155,779,548
Futures Contracts**		8,660,408		—		—		8,660,408
TOTAL	$	29,787,234,985	$	155,779,548		—	$	29,943,014,533

** Valued at the unrealized appreciation/(depreciation) on the investment.

See accompanying Notes to Financial Statements.

THE DFA INTERNATIONAL VALUE SERIES

SCHEDULE OF INVESTMENTS

October 31, 2021

		Shares		Value»
COMMON STOCKS — (94.7%)
AUSTRALIA — (6.0%)
*	AMP Ltd.		3,794,941	$	3,104,829
	Aurizon Holdings Ltd.		3,943,404		10,053,557
	Australia & New Zealand Banking Group Ltd.		6,888,410		146,588,595
#	Bank of Queensland Ltd.		424,263		2,824,711
#	Bendigo & Adelaide Bank Ltd.		573,602		4,017,454
	BlueScope Steel Ltd.		3,134,039		48,972,821
*	Boral Ltd.		1		5
	Challenger Ltd.		77,767		408,497
	Cleanaway Waste Management Ltd.		4,838,776		9,840,896
*	Crown Resorts Ltd.		161,839		1,219,943
	Downer EDI Ltd.		1,156,067		5,527,331
	Fortescue Metals Group Ltd.		99,239		1,034,074
	Harvey Norman Holdings Ltd.		2,695,782		10,113,515
	IGO Ltd.		379,319		2,777,683
	Incitec Pivot Ltd.		6,400,695		14,482,121
	Lendlease Corp. Ltd.		1,673,113		13,254,748
	National Australia Bank Ltd.		4,975,285		108,172,523
	Newcrest Mining Ltd.		665,644		12,471,403
	Northern Star Resources Ltd.		9,952		68,896
	Oil Search Ltd.		3,372,770		10,926,436
#	Orica Ltd.		219,207		2,516,341
	Origin Energy Ltd.		3,515,673		13,464,955
#	OZ Minerals Ltd.		435,715		8,288,108
	QBE Insurance Group Ltd.		952,190		8,525,367
	Qube Holdings Ltd.		608,346		1,469,207
#	Santos Ltd.		7,088,455		37,221,959
#	Seven Group Holdings Ltd.		80,291		1,311,337
	South32 Ltd.		12,345,066		33,301,836
	Suncorp Group Ltd.		3,668,708		32,463,817
	Tabcorp Holdings Ltd.		2,668,586		10,048,168
#	TPG Telecom Ltd.		238,910		1,219,621
	Westpac Banking Corp.		8,060,284		156,813,850
	Woodside Petroleum Ltd.		2,022,511		35,356,674
	Worley Ltd.		703,009		5,776,067
TOTAL AUSTRALIA					753,637,345
AUSTRIA — (0.0%)
	Erste Group Bank AG		20,625		884,518
	Raiffeisen Bank International AG		21,469		627,322
TOTAL AUSTRIA					1,511,840
BELGIUM — (0.7%)
	Ageas SA		382,351		18,600,493
	KBC Group NV		565,642		52,674,264
	Solvay SA		113,690		13,514,567
TOTAL BELGIUM					84,789,324
CANADA — (9.4%)
	AltaGas Ltd.		238,228		4,931,643
#	ARC Resources Ltd.		139,819		1,341,024
#	Bank of Montreal		180,174		19,562,040
	Bank of Montreal		1,448,818		157,211,241
	Bank of Nova Scotia		495,702		32,499,402
	Bank of Nova Scotia		1,698,160		111,331,370
	Barrick Gold Corp.		495,327		9,089,266

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

		Shares		Value»
CANADA — (Continued)
	Barrick Gold Corp.		1,961,704	$	36,036,502
	Cameco Corp.		82,292		1,999,696
#	Canadian Imperial Bank of Commerce		907,318		110,093,685
	Canadian Imperial Bank of Commerce		248,491		30,132,019
	Canadian Natural Resources Ltd.		489,228		20,792,981
	Canadian Natural Resources Ltd.		3,476,035		147,766,248
#	Cenovus Energy, Inc.		442,856		5,295,951
	Cenovus Energy, Inc.		1,287,778		15,427,580
#	Endeavour Mining PLC		549,867		13,968,826
	Fairfax Financial Holdings Ltd.		97,836		39,625,319
	First Quantum Minerals Ltd.		1,494,285		35,376,975
	Great-West Lifeco, Inc.		202,161		5,947,545
	iA Financial Corp., Inc.		170,895		10,109,262
	Imperial Oil Ltd.		208,007		7,042,254
#	Imperial Oil Ltd.		499,213		16,913,336
	Kinross Gold Corp.		4,622,914		27,791,274
	Lundin Mining Corp.		2,996,201		26,073,921
	Magna International, Inc.		62,649		5,093,364
	Manulife Financial Corp.		898,760		17,508,972
	Manulife Financial Corp.		1,882,277		36,685,579
	Nutrien Ltd.		817,884		57,178,256
	Onex Corp.		143,116		10,665,472
#	Sun Life Financial, Inc.		57,328		3,265,976
	Suncor Energy, Inc.		1,317,132		34,641,776
	Suncor Energy, Inc.		1,417,268		37,274,148
*	Teck Resources Ltd., Class B		3,183		88,834
	Teck Resources Ltd., Class B		1,439,855		40,171,955
# *	Tilray, Inc.		249,242		2,567,193
	Toronto-Dominion Bank		28,914		2,098,928
#	Toronto-Dominion Bank		147,064		10,663,611
	Tourmaline Oil Corp.		748,518		27,053,337
	West Fraser Timber Co. Ltd.		194,104		15,541,181
TOTAL CANADA					1,186,857,942
DENMARK — (2.2%)
#	AP Moller - Maersk AS, Class A		4,146		11,383,501
	AP Moller - Maersk AS, Class B		5,816		16,854,464
	Carlsberg AS, Class B		288,439		47,625,833
#	Chr Hansen Holding AS		17,775		1,414,851
	Danske Bank AS		884,653		14,969,763
# *	Demant AS		45,830		2,221,744
	DSV AS		309,306		71,888,035
#	H Lundbeck AS		236,230		6,578,865
#	Rockwool International AS, Class B		19,106		8,737,470
	Tryg AS		271,178		6,435,896
#	Vestas Wind Systems AS		1,973,579		85,317,056
TOTAL DENMARK					273,427,478
FINLAND — (0.9%)
	Fortum Oyj		516,377		15,357,085
*	Nokia Oyj		4,351,573		24,975,874
	Nordea Bank Abp		3,248,891		39,788,576
	Nordea Bank Abp		471,228		5,765,501
	Stora Enso Oyj, Class R		1,249,200		20,786,087
	UPM-Kymmene Oyj		295,566		10,430,797
TOTAL FINLAND					117,103,920

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

		Shares		Value»
FRANCE — (9.8%)
	Arkema SA		237,138	$	32,439,055
	AXA SA		1,974,356		57,439,907
#	BNP Paribas SA		1,824,346		122,116,632
	Bollore SA		1,717,699		9,983,610
	Bouygues SA		1,023,747		41,477,421
	Carrefour SA		2,495,917		45,185,720
	Cie de Saint-Gobain		1,844,395		127,286,369
	Cie Generale des Etablissements Michelin SCA		622,212		97,822,573
	CNP Assurances		565,829		14,176,935
	Credit Agricole SA		1,053,519		15,894,399
	Danone SA		248,332		16,187,704
	Eiffage SA		103,098		10,611,378
	Electricite de France SA		1,705,570		25,136,609
	Engie SA		2,921,572		41,559,791
	EssilorLuxottica SA		66,127		13,681,498
	Faurecia SE		47,286		2,441,338
	Orange SA		5,978,647		65,196,841
	Publicis Groupe SA		431,125		28,942,896
*	Renault SA		383,338		13,813,231
	Sanofi		570,080		57,261,176
	Societe Generale SA		1,357,954		45,360,990
	TotalEnergies SE		6,840,726		342,549,007
	Valeo		156,647		4,602,611
	Vinci SA		29,858		3,192,125
#	Vivendi SE		253,853		3,270,277
TOTAL FRANCE					1,237,630,093
GERMANY — (6.5%)
	Allianz SE		559,039		129,814,638
	BASF SE		54,602		3,929,905
	Bayer AG		926,497		52,215,196
	Bayerische Motoren Werke AG		1,003,964		101,436,507
*	Commerzbank AG		770,402		5,626,149
*	Continental AG		148,327		17,439,013
W	Covestro AG		210,128		13,456,306
	Daimler AG		2,568,275		254,933,183
*	Deutsche Bank AG		1,938,873		24,905,420
*	Deutsche Bank AG		1,483,028		19,012,419
	Evonik Industries AG		355,524		11,519,262
	Fresenius SE & Co. KGaA		755,986		34,362,395
	HeidelbergCement AG		448,245		33,755,053
	Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		36,927		10,933,579
	RWE AG		1,065,243		41,002,963
*	Talanx AG		162,600		7,819,470
	Telefonica Deutschland Holding AG		3,595,005		9,366,490
	Uniper SE		236,980		10,476,085
	United Internet AG		1,408		51,956
*	Vitesco Technologies Group AG, Class A		29,665		1,700,943
	Volkswagen AG		111,321		36,190,216
TOTAL GERMANY					819,947,148
HONG KONG — (1.9%)
W	BOC Aviation Ltd.		647,400		5,665,250
	BOC Hong Kong Holdings Ltd.		5,051,500		16,007,418
# *	Cathay Pacific Airways Ltd.		6,186,999		5,707,856
	CK Asset Holdings Ltd.		2,790,303		17,235,853
	CK Hutchison Holdings Ltd.		7,657,984		51,342,339
	CK Infrastructure Holdings Ltd.		443,000		2,670,844

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
	Hang Lung Properties Ltd.		5,009,000	$	11,625,154
	Hang Seng Bank Ltd.		112,600		2,139,730
	Henderson Land Development Co. Ltd.		2,311,485		9,678,604
#	HKT Trust & HKT Ltd.		2,469,000		3,350,514
	MTR Corp. Ltd.		2,070,933		11,297,172
	New World Development Co. Ltd.		4,946,042		21,453,107
#	Sino Land Co. Ltd.		9,343,922		12,281,509
	Sun Hung Kai Properties Ltd.		3,383,420		44,858,474
	Swire Pacific Ltd., Class A		1,680,000		10,561,468
	Swire Pacific Ltd., Class B		2,855,000		2,999,156
W	WH Group Ltd.		17,567,196		12,314,849
TOTAL HONG KONG					241,189,297
IRELAND — (0.4%)
	CRH PLC		293,793		14,059,118
#	CRH PLC, Sponsored ADR		528,926		25,356,712
# *	Flutter Entertainment PLC		4,543		860,020
*	Flutter Entertainment PLC		35,417		6,683,537
TOTAL IRELAND					46,959,387
ISRAEL — (0.4%)
#	Bank Hapoalim BM		1,314,285		12,944,341
	Bank Leumi Le-Israel BM		1,257,612		12,015,685
	Harel Insurance Investments & Financial Services Ltd.		33,318		372,503
# *	Israel Discount Bank Ltd., Class A		2,479,017		14,978,786
	Phoenix Holdings Ltd.		246,756		3,118,977
*	Teva Pharmaceutical Industries Ltd., Sponsored ADR		796,262		6,959,330
TOTAL ISRAEL					50,389,622
ITALY — (1.9%)
	Eni SpA		3,886,295		55,700,091
	Intesa Sanpaolo SpA		21,991,838		62,504,673
*	Mediobanca Banca di Credito Finanziario SpA		261,028		3,114,775
	Stellantis NV		1,935,118		38,633,563
	Telecom Italia SpA		63,812,045		22,764,925
	Telecom Italia SpA		6,225,918		2,366,930
	Telecom Italia SpA, Sponsored ADR		1,728,421		6,135,895
	UniCredit SpA		3,293,998		43,544,806
	UnipolSai Assicurazioni SpA		86,004		249,042
TOTAL ITALY					235,014,700
JAPAN — (20.4%)
	AEON Financial Service Co. Ltd.		15,000		190,577
	AGC, Inc.		895,500		44,591,923
	Air Water, Inc.		14,300		218,791
	Aisin Corp.		609,000		22,284,993
	Alfresa Holdings Corp.		176,100		2,482,477
	Alps Alpine Co. Ltd.		352,800		3,447,229
	Amada Co. Ltd.		907,100		8,961,665
	Aozora Bank Ltd.		253,300		5,794,231
	Asahi Kasei Corp.		1,769,400		18,588,164
	Bank of Kyoto Ltd.		113,679		5,112,509
	Bridgestone Corp.		369,800		16,359,688
	Brother Industries Ltd.		225,000		4,350,135
	Canon Marketing Japan, Inc.		153,000		3,030,980
	Canon, Inc.		531,500		12,085,975
	Chiba Bank Ltd.		1,064,000		6,594,898

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

		Shares		Value»
JAPAN — (Continued)
	Coca-Cola Bottlers Japan Holdings, Inc.		331,157	$	4,557,239
	Concordia Financial Group Ltd.		2,530,100		10,056,315
	Credit Saison Co. Ltd.		393,600		4,825,425
	Dai Nippon Printing Co. Ltd.		521,600		12,922,674
	Daicel Corp.		1,087,400		8,141,654
	Dai-ichi Life Holdings, Inc.		1,076,847		22,655,301
	Daio Paper Corp.		39,000		686,265
	Daiwa House Industry Co. Ltd.		321,200		10,596,443
	Daiwa Securities Group, Inc.		3,723,000		20,916,374
	DeNA Co. Ltd.		139,700		2,580,563
	Denka Co. Ltd.		234,800		7,687,150
	DIC Corp.		361,500		9,571,351
	Dowa Holdings Co. Ltd.		189,000		7,893,379
	Ebara Corp.		249,800		13,630,800
	ENEOS Holdings, Inc.		4,584,303		18,485,054
	Fuji Media Holdings, Inc.		52,200		541,079
	FUJIFILM Holdings Corp.		24,800		1,916,479
	Fukuoka Financial Group, Inc.		386,600		6,945,394
	Fukuyama Transporting Co. Ltd.		50,893		2,027,320
	Hankyu Hanshin Holdings, Inc.		581,700		18,035,932
	Haseko Corp.		441,400		5,747,487
	Hino Motors Ltd.		185,100		1,750,987
	Hitachi Construction Machinery Co. Ltd.		9,200		293,535
	Hitachi Ltd.		997,700		57,492,003
	Honda Motor Co. Ltd.		3,522,000		104,173,232
	Idemitsu Kosan Co. Ltd.		523,138		14,288,101
	IHI Corp.		236,700		5,528,793
	Iida Group Holdings Co. Ltd.		674,550		16,630,691
	Inpex Corp.		2,704,683		22,555,216
	Isetan Mitsukoshi Holdings Ltd.		549,300		4,015,903
	Isuzu Motors Ltd.		1,169,200		15,729,012
#	ITOCHU Corp.		693,400		19,776,370
	Izumi Co. Ltd.		3,900		118,243
	J Front Retailing Co. Ltd.		712,300		6,602,246
	Japan Post Holdings Co. Ltd.		1,170,410		8,993,315
	Japan Post Insurance Co. Ltd.		97,800		1,586,774
	JFE Holdings, Inc.		1,257,295		19,212,021
	JGC Holdings Corp.		257,700		2,421,686
	JTEKT Corp.		572,800		5,070,204
	Kajima Corp.		660,500		8,132,573
	Kamigumi Co. Ltd.		342,200		6,890,180
	Kaneka Corp.		244,908		9,391,974
	Kawasaki Heavy Industries Ltd.		677,300		13,744,067
	Kinden Corp.		222,800		3,656,285
	Kokuyo Co. Ltd.		20,200		307,421
	Komatsu Ltd.		539,500		14,130,206
	Konica Minolta, Inc.		5,300		26,233
	K’s Holdings Corp.		403,300		4,163,150
	Kuraray Co. Ltd.		1,529,300		13,838,716
	Kyocera Corp.		179,600		10,515,032
	Lixil Corp.		961,800		24,708,517
	Mabuchi Motor Co. Ltd.		73,100		2,520,360
	Marubeni Corp.		2,948,900		25,022,358
	Maruichi Steel Tube Ltd.		15,500		352,187
*	Mazda Motor Corp.		1,020,400		9,177,755
	Mebuki Financial Group, Inc.		1,258,420		2,576,634
	Medipal Holdings Corp.		329,250		5,956,864
	Mitsubishi Chemical Holdings Corp.		3,181,900		26,337,932
	Mitsubishi Corp.		1,817,600		57,795,971

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

		Shares		Value»
JAPAN — (Continued)
	Mitsubishi Electric Corp.		931,500	$	12,509,517
	Mitsubishi Estate Co. Ltd.		17,100		259,868
	Mitsubishi Gas Chemical Co., Inc.		727,100		14,633,784
	Mitsubishi HC Capital, Inc.		2,653,300		13,304,176
	Mitsubishi Heavy Industries Ltd.		724,500		18,527,537
	Mitsubishi Logistics Corp.		89,600		2,502,119
	Mitsubishi Materials Corp.		518,200		10,059,693
*	Mitsubishi Motors Corp.		1,740,000		5,568,907
#	Mitsubishi UFJ Financial Group, Inc., Sponsored ADR		2,309,712		12,726,513
	Mitsubishi UFJ Financial Group, Inc.		10,193,750		55,897,372
	Mitsui & Co. Ltd., Sponsored ADR.		10,883		4,974,489
	Mitsui & Co. Ltd.		1,295,000		29,635,443
	Mitsui Chemicals, Inc.		823,660		24,490,565
	Mitsui Fudosan Co. Ltd.		940,400		21,501,152
	Mitsui OSK Lines Ltd.		295,100		18,606,489
	Mizuho Financial Group, Inc.		2,369,480		31,272,323
	MS&AD Insurance Group Holdings, Inc.		445,453		14,391,402
	Nagase & Co. Ltd.		21,700		367,289
	NEC Corp.		424,210		21,720,409
	NGK Insulators Ltd.		130,100		2,166,314
	NGK Spark Plug Co. Ltd.		270,400		4,319,639
	NH Foods Ltd.		314,767		11,069,624
	Nikon Corp.		695,200		7,665,103
	Nippo Corp.		285,900		10,113,978
	Nippon Express Co. Ltd.		308,324		19,299,364
	Nippon Shokubai Co. Ltd.		84,400		4,409,456
	Nippon Steel Corp.		1,079,293		18,922,985
*	Nissan Motor Co. Ltd.		4,749,500		24,174,285
	Nisshin Seifun Group, Inc.		50,200		792,688
	Nitto Denko Corp.		19,300		1,508,104
	NOK Corp.		258,720		3,003,159
	Nomura Holdings, Inc.		3,219,302		15,331,974
	Nomura Real Estate Holdings, Inc.		521,500		12,713,842
	NSK Ltd.		1,027,500		6,904,240
	Obayashi Corp.		2,342,282		19,774,094
	Oji Holdings Corp.		3,568,100		17,686,134
	ORIX Corp.		3,324,900		66,086,674
	Otsuka Holdings Co. Ltd.		12,500	��	494,366
	Panasonic Corp.		1,927,800		23,839,219
	Rengo Co. Ltd.		899,500		6,821,021
	Resona Holdings, Inc.		2,821,139		10,597,888
	Ricoh Co. Ltd.		1,326,600		12,918,214
	Sega Sammy Holdings, Inc.		52,200		742,306
	Seiko Epson Corp.		524,700		9,342,842
	Seino Holdings Co. Ltd.		481,500		5,833,804
	Sekisui Chemical Co. Ltd.		40,900		671,935
	Sekisui House Ltd.		1,200,200		24,953,085
	Seven & I Holdings Co. Ltd.		757,600		31,807,657
	Shimamura Co. Ltd.		61,300		5,190,417
	Shimizu Corp.		995,300		7,292,405
#	Shinsei Bank Ltd.		313,400		5,175,702
	Shizuoka Bank Ltd.		851,000		6,852,577
	Showa Denko KK		234,100		5,871,235
	SoftBank Group Corp.		1,571,580		85,081,195
	Sojitz Corp.		666,340		10,993,974
	Sompo Holdings, Inc.		490,056		21,252,179
	Stanley Electric Co. Ltd.		18,900		476,378
	Subaru Corp.		379,484		7,443,498
	Sumitomo Chemical Co. Ltd.		8,266,400		40,722,888

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

		Shares		Value»
JAPAN — (Continued)
	Sumitomo Corp.		1,110,400	$	15,822,823
	Sumitomo Dainippon Pharma Co. Ltd.		110,031		1,556,010
	Sumitomo Electric Industries Ltd.		2,834,000		37,615,294
	Sumitomo Forestry Co. Ltd.		598,600		11,433,829
	Sumitomo Heavy Industries Ltd.		524,600		13,506,084
	Sumitomo Metal Mining Co. Ltd.		378,664		14,689,240
	Sumitomo Mitsui Financial Group, Inc.		1,282,500		41,616,655
	Sumitomo Mitsui Trust Holdings, Inc.		464,844		15,290,488
	Sumitomo Realty & Development Co. Ltd.		200,500		7,246,052
	Sumitomo Rubber Industries Ltd.		770,500		9,495,694
	Suzuken Co. Ltd.		74,900		2,085,062
	Suzuki Motor Corp.		141,900		6,328,295
	T&D Holdings, Inc.		1,301,400		16,691,308
	Taiheiyo Cement Corp.		528,721		11,233,341
	Taisei Corp.		100,500		3,153,603
	Taisho Pharmaceutical Holdings Co. Ltd.		31,100		1,668,859
	Takeda Pharmaceutical Co. Ltd.		2,595,871		72,855,226
	TBS Holdings, Inc.		70,800		1,119,882
	TDK Corp.		43,200		1,570,449
	Teijin Ltd.		855,090		11,477,647
	THK Co. Ltd.		25,300		544,042
	Toda Corp.		717,800		4,521,887
	Tokio Marine Holdings, Inc.		248,119		13,068,426
	Tokyo Tatemono Co. Ltd.		870,300		12,792,020
	Tokyu Fudosan Holdings Corp.		2,556,700		14,814,575
	Toppan, Inc.		599,800		9,682,046
	Toray Industries, Inc.		2,709,300		16,883,045
	Tosoh Corp.		1,241,700		20,911,490
	Toyo Seikan Group Holdings Ltd.		416,349		4,943,744
	Toyo Tire Corp.		24,100		400,745
	Toyoda Gosei Co. Ltd.		265,400		5,430,697
	Toyota Boshoku Corp.		4,100		78,831
	Toyota Industries Corp.		235,800		20,045,966
#	Toyota Motor Corp., Sponsored ADR		49,541		8,747,454
	Toyota Motor Corp.		16,646,950		293,721,364
	Toyota Tsusho Corp.		524,100		22,733,451
	Tsumura & Co.		24,700		769,786
	Ube Industries Ltd.		504,100		9,392,066
	Yamada Holdings Co. Ltd.		1,918,800		7,332,307
	Yamaha Motor Co. Ltd.		698,000		19,455,912
	Yamazaki Baking Co. Ltd.		61,200		929,677
	Yokohama Rubber Co. Ltd.		563,500		9,535,071
	Zeon Corp.		404,300		4,796,610
TOTAL JAPAN					2,571,249,202
NETHERLANDS — (5.0%)
W	ABN AMRO Bank NV		838,120		12,326,825
#	Aegon NV		2,455,829		12,456,672
	Aegon NV		405,108		2,045,796
	Akzo Nobel NV		215,591		24,775,028
	ArcelorMittal SA		652,213		22,057,919
	ArcelorMittal SA		590,702		20,184,291
	ASM International NV		6,676		3,021,455
	Coca-Cola Europacific Partners PLC		71,295		3,770,104
#	Heineken NV		255,246		28,252,935
	ING Groep NV		4,722,058		71,628,435
	Koninklijke Ahold Delhaize NV		4,840,597		157,476,505
	Koninklijke DSM NV		340,858		74,470,035
	Koninklijke KPN NV		3,017,967		9,017,485

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

		Shares		Value»
NETHERLANDS — (Continued)
	Koninklijke Philips NV		991,539	$	46,776,020
	Koninklijke Philips NV		33,022		1,560,290
#	NN Group NV		651,196		34,810,828
	Randstad NV		272,591		19,584,953
W	Signify NV		9,094		440,662
	Stellantis NV		3,600,675		71,894,458
	Universal Music Group NV		253,853		7,370,098
TOTAL NETHERLANDS					623,920,794
NEW ZEALAND — (0.2%)
*	Auckland International Airport Ltd.		1,979,607		11,346,870
	Chorus Ltd.		297,294		1,357,626
	EBOS Group Ltd.		201,357		5,234,805
	Fletcher Building Ltd.		1,466,314		7,541,712
	Fonterra Co-operative Group Ltd.		293,628		842,259
#	Ryman Healthcare Ltd.		148,330		1,535,100
	Summerset Group Holdings Ltd.		227,807		2,370,018
TOTAL NEW ZEALAND					30,228,390
NORWAY — (1.1%)
	Austevoll Seafood ASA		161,536		2,186,971
#	DNB Bank ASA		1,885,402		44,866,297
W	Elkem ASA		46,252		183,846
	Equinor ASA		902,881		22,877,495
	Golden Ocean Group Ltd.		4,298		38,872
	Norsk Hydro ASA		3,579,188		26,290,802
	Schibsted ASA, Class A		9,681		500,170
	Schibsted ASA, Class B		5,526		250,655
	SpareBank 1 SR-Bank ASA		369,350		5,664,611
	Storebrand ASA		1,260,839		13,522,662
	Subsea 7 SA		453,890		4,074,344
	Yara International ASA		228,157		11,924,138
TOTAL NORWAY					132,380,863
PORTUGAL — (0.1%)
††	Banco Espirito Santo SA		2,631,973		0
	EDP Renovaveis SA		273,356		7,612,618
	Galp Energia SGPS SA		154,856		1,608,635
TOTAL PORTUGAL					9,221,253
SINGAPORE — (0.7%)
*	Capitaland Investment Ltd.		4,949,500		12,626,088
	City Developments Ltd.		1,395,500		7,575,416
	Frasers Property Ltd.		492,700		427,869
	Hongkong Land Holdings Ltd.		1,361,700		7,519,675
	Jardine Cycle & Carriage Ltd.		53,300		891,027
	Keppel Corp. Ltd.		6,501,200		25,943,606
	Olam International Ltd.		468,110		590,104
	Oversea-Chinese Banking Corp. Ltd.		557,700		4,875,317
# *	Singapore Airlines Ltd.		3,794,200		14,615,444
	Singapore Land Group Ltd.		1,068,870		2,142,317
	UOL Group Ltd.		1,203,774		6,456,354
	Yangzijiang Shipbuilding Holdings Ltd.		4,594,100		4,850,215
TOTAL SINGAPORE					88,513,432

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	��		Shares		Value»
SPAIN — (2.2%)
		Banco Bilbao Vizcaya Argentaria SA		9,200,845	$	64,388,674
#		Banco Bilbao Vizcaya Argentaria SA, Sponsored ADR		1,180,341		8,226,977
#		Banco Santander SA		42,993,563		163,078,151
		CaixaBank SA		724,209		2,081,857
		Iberdrola SA		1,112,213		13,145,443
		Repsol SA		2,140,909		27,421,899
TOTAL SPAIN						278,343,001
SWEDEN — (2.7%)
		AFRY AB		26,576		790,823
		BillerudKorsnas AB		476,923		9,989,613
		Boliden AB		1,195,043		42,130,288
		Bure Equity AB		29,701		1,378,641
W		Dometic Group AB		380,509		5,549,897
		Getinge AB, Class B		481,418		21,544,342
		Holmen AB, Class A		5,562		257,030
		Holmen AB, Class B		197,104		8,750,649
		Husqvarna AB, Class B		170,464		2,429,268
		ICA Gruppen AB		165,222		8,549,297
#		Industrivarden AB, Class A		19,407		640,202
		Intrum AB		31,684		899,334
*		Millicom International Cellular SA		137,201		4,804,146
*		Pandox AB, Class B		75,798		1,335,750
		Peab AB, Class B		301,642		3,791,530
		Saab AB, Class B		77,854		2,170,430
		Securitas AB, Class B		77,531		1,284,431
		Skandinaviska Enskilda Banken AB, Class A		2,605,519		40,744,655
#		Skandinaviska Enskilda Banken AB, Class C		14,462		231,673
		Skanska AB, Class B		197,166		5,013,120
		SKF AB, Class B		1,179,544		27,395,129
*		SSAB AB, Class A		195,445		1,113,711
*		SSAB AB, Class B		528,415		2,641,102
		Svenska Cellulosa AB SCA, Class A		52,363		826,582
		Svenska Cellulosa AB SCA, Class B		603,970		9,437,068
		Svenska Handelsbanken AB, Class A		1,224,329		14,033,670
#		Svenska Handelsbanken AB, Class B		37,204		470,028
#		Swedbank AB, Class A		798,149		17,310,812
		Tele2 AB, Class B		408,453		5,772,812
#		Telia Co. AB		6,786,020		26,729,081
		Trelleborg AB, Class B		645,792		14,780,649
		Volvo AB, Class A		179,649		4,247,104
		Volvo AB, Class B		2,155,006		50,252,909
TOTAL SWEDEN						337,295,776
SWITZERLAND — (8.3%)
		ABB Ltd.		1,805,001		59,715,251
		Adecco Group AG		399,943		20,149,141
#		Alcon, Inc.		63,250		5,272,553
		Alcon, Inc.		498,598		41,342,957
		Baloise Holding AG		105,344		16,787,625
		Barry Callebaut AG		484		1,120,873
		Chocoladefabriken Lindt & Spruengli AG		3		360,396
		Cie Financiere Richemont SA		797,506		98,691,665
		Clariant AG		54,961		1,157,068
		Credit Suisse Group AG		1,363,427		14,181,967
		Credit Suisse Group AG, Sponsored ADR		1,195,011		12,320,564
		Holcim Ltd.		997,555		49,760,597
		Holcim Ltd.		375,078		18,805,029

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

		Shares		Value»
SWITZERLAND — (Continued)
	Julius Baer Group Ltd.		716,015	$	51,790,854
	Novartis AG, Sponsored ADR		794,280		65,734,613
	Novartis AG		1,706,093		141,115,564
	SIG Combibloc Group AG		62,630		1,637,943
	Swatch Group AG		47,812		13,159,991
	Swatch Group AG		123,912		6,592,023
	Swiss Life Holding AG		69,548		38,151,687
	Swiss Prime Site AG		120,516		12,252,414
	Swiss Re AG		399,672		38,718,426
	Swisscom AG		76,438		41,622,350
	UBS Group AG		6,030,163		109,765,116
#	UBS Group AG		1,233,581		22,389,495
	Vifor Pharma AG		55,433		7,157,828
	Zurich Insurance Group AG		344,357		152,626,097
TOTAL SWITZERLAND					1,042,380,087
UNITED KINGDOM — (13.9%)
	Abrdn Plc		830,787		2,887,895
W	Airtel Africa PLC		31,927		47,865
	Anglo American PLC		1,391,761		52,946,796
	Aviva PLC		13,916,649		75,093,073
#	Barclays PLC, Sponsored ADR		7,035,082		78,722,568
	Barclays PLC		191,609		528,740
	Barratt Developments PLC		968,048		8,788,010
	Bellway PLC		17,107		776,211
	BP PLC, Sponsored ADR		5,912,515		170,221,307
	BP PLC		7,690,578		36,844,794
#	British American Tobacco PLC, Sponsored ADR		838,885		29,293,864
	British American Tobacco PLC		3,024,009		105,188,388
*	BT Group PLC		23,587,515		44,812,243
*	Carnival PLC		97,652		1,971,169
	DS Smith PLC		1,251,490		6,564,909
	Glencore PLC		23,897,614		119,501,940
	HSBC Holdings PLC		13,535,003		81,550,718
#	HSBC Holdings PLC, Sponsored ADR		2,324,211		69,889,024
	J Sainsbury PLC		7,868,098		32,226,618
	Kingfisher PLC		7,975,671		36,605,066
	Lloyds Banking Group PLC		164,752,825		112,753,659
#	Lloyds Banking Group PLC, ADR		1,844,768		5,017,769
	M&G PLC		2,570,896		7,023,943
	Melrose Industries PLC		4,376,981		9,443,532
	Natwest Group PLC		5,175,515		15,605,081
	Natwest Group PLC, Sponsored ADR		686,481		4,153,210
	Pearson PLC		309,149		2,543,871
	Pearson PLC, Sponsored ADR		1,015,920		8,411,818
	Phoenix Group Holdings PLC		577,549		5,185,539
	Royal Dutch Shell PLC, Sponsored ADR, Class B		8,519,230		390,521,503
	Royal Dutch Shell PLC, Class B		283,225		6,499,652
	Royal Mail PLC		720,281		4,152,290
	Standard Chartered PLC		4,078,355		27,581,914
	Tesco PLC		2,630,005		9,710,679
	Vodafone Group PLC		58,351,986		86,002,139
#	Vodafone Group PLC, Sponsored ADR		4,011,201		59,967,459
#	WPP PLC, Sponsored ADR		90,253		6,530,707
	WPP PLC		2,296,513		33,195,569
TOTAL UNITED KINGDOM					1,748,761,532

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

		Shares		Value»
UNITED STATES — (0.0%)
	Ovintiv, Inc.		47,700	$	1,789,521
TOTAL COMMON STOCKS					11,912,541,947
PREFERRED STOCKS — (1.4%)
GERMANY — (1.4%)
	Bayerische Motoren Werke AG		152,008		12,957,422
	Porsche Automobil Holding SE		307,547		32,008,395
	Volkswagen AG		601,156		134,918,290
TOTAL GERMANY					179,884,107
RIGHTS/WARRANTS — (0.0%)
CANADA — (0.0%)
*	Cenovus Energy, Inc. Warrants 01/01/26		36,699		275,183
TOTAL INVESTMENT SECURITIES (Cost $ 10,175,872,330)					12,092,701,237
				Value†
SECURITIES LENDING COLLATERAL — (3.9%)
@ § The DFA Short Term Investment Fund			42,813,604		495,353,403
TOTAL INVESTMENTS — (100.0%) (Cost $ 10,671,138,666)				$	12,588,054,640

ADR   American Depositary Receipt

SA      Special Assessment

» Securities that have been fair value factored. See Note B to Financial Statements.

* Non-Income Producing Securities.

# Total or Partial Securities on Loan.

W 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.

†† Security valued using significant unobservable inputs (Level 3).

† See Note B to Financial Statements.

@ Security purchased with cash collateral received from Securities on Loan.

§ Affiliated Fund.

As of October 31, 2021, The DFA International Value Series had entered into the following outstanding futures contracts:

	Number of		Expiration		Notional		Market		Unrealized Appreciation
Description	Contracts		Date		Value		Value		(Depreciation)
Long Position Contracts:
S&P 500® Emini Index		384		12/17/21	$	85,247,563	$	88,262,400	$	3,014,837
Total Futures Contracts					$	85,247,563	$	88,262,400	$	3,014,837

Summary of the Series’ investments as of October 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
Australia		—	$	753,637,345		—	$	753,637,345
Austria		—		1,511,840		—		1,511,840
Belgium		—		84,789,324		—		84,789,324

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Canada	$	1,186,857,942		—		—	$	1,186,857,942
Denmark		—	$	273,427,478		—		273,427,478
Finland		—		117,103,920		—		117,103,920
France		—		1,237,630,093		—		1,237,630,093
Germany		20,713,362		799,233,786		—		819,947,148
Hong Kong		—		241,189,297		—		241,189,297
Ireland		25,356,712		21,602,675		—		46,959,387
Israel		6,959,330		43,430,292		—		50,389,622
Italy		6,135,895		228,878,805		—		235,014,700
Japan		26,448,456		2,544,800,746		—		2,571,249,202
Netherlands		31,160,475		592,760,319		—		623,920,794
New Zealand		—		30,228,390		—		30,228,390
Norway		—		132,380,863		—		132,380,863
Portugal		—		9,221,253		—		9,221,253
Singapore		12,626,088		75,887,344		—		88,513,432
Spain		8,226,977		270,116,024		—		278,343,001
Sweden		—		337,295,776		—		337,295,776
Switzerland		105,717,225		936,662,862		—		1,042,380,087
United Kingdom		822,729,229		926,032,303		—		1,748,761,532
United States		1,789,521		—		—		1,789,521
Preferred Stocks
Germany		—		179,884,107		—		179,884,107
Rights/Warrants
Canada		—		275,183		—		275,183
Securities Lending Collateral		—		495,353,403		—		495,353,403
Futures Contracts**		3,014,837		—		—		3,014,837
TOTAL	$	2,257,736,049	$	10,333,333,428		—	$	12,591,069,477

** Valued at the unrealized appreciation/(depreciation) on the investment.

THE JAPANESE SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

October 31, 2021

		Shares		Value»
COMMON STOCKS — (98.2%)
COMMUNICATION SERVICES — (3.1%)
	Accrete, Inc.		20,600	$	335,280
#	Adways, Inc.		94,000		672,542
#	Aeria, Inc.		15,800		60,337
	Akatsuki, Inc.		45,400		1,238,593
*	Allied Architects, Inc.		13,500		82,542
# *	AlphaPolis Co. Ltd.		10,700		291,469
	Amuse, Inc.		30,300		589,624
	ARTERIA Networks Corp.		49,900		704,095
	Asahi Broadcasting Group Holdings Corp.		57,600		363,161
#	Asahi Net, Inc.		109,100		689,317
*	Atrae, Inc.		93,600		1,994,382
	Avex, Inc.		234,900		3,207,280
# *	Bengo4.com, Inc.		44,400		2,670,039
# *	Broadmedia Corp.		5,519		48,988
	Broccoli Co. Ltd.		4,400		50,698
*	CareerIndex, Inc.		6,500		58,543
	Carta Holdings, Inc.		28,300		608,267
#	Ceres, Inc.		50,700		1,275,677
*	COLOPL, Inc.		86,300		623,491
*	COOKPAD, Inc.		183,200		383,065
	Daiichikosho Co. Ltd.		13,100		475,654
	DeNA Co. Ltd.		342,300		6,323,026
	Digital Holdings, Inc.		56,800		871,046
#	Dip Corp.		196,100		7,035,928
# *	Drecom Co. Ltd.		22,600		102,189
*	eBook Initiative Japan Co. Ltd.		21,100		883,793
#	Faith, Inc.		56,010		315,777
	FAN Communications, Inc.		189,000		749,344
	Fibergate, Inc.		19,700		236,864
*	FreakOut Holdings, Inc.		5,800		93,733
	Freebit Co. Ltd.		55,300		643,347
	Fuji Media Holdings, Inc.		116,600		1,208,616
# *	GA Technologies Co. Ltd.		2,400		24,927
	Gakken Holdings Co. Ltd.		132,500		1,297,053
	geechs, Inc.		8,300		106,701
	Gree, Inc.		596,700		5,032,481
#	Gumi, Inc.		182,400		1,458,204
	GungHo Online Entertainment, Inc.		273,700		5,134,850
*	Imagica Group, Inc.		112,500		574,243
	Imagineer Co. Ltd.		1,600		13,754
	Intage Holdings, Inc.		223,800		3,779,214
	Internet Initiative Japan, Inc.		71,200		2,491,166
#	IPS, Inc.		17,200		273,492
	ITmedia, Inc.		53,900		1,110,577
# *	Itokuro, Inc.		46,200		367,146
*	Jimoty, Inc.		1,000		38,296
	J-Stream, Inc.		19,000		167,889
	Kamakura Shinsho Ltd.		25,700		207,645
*	KLab, Inc.		217,400		1,212,177
	Legs Co. Ltd.		20,700		295,994
*	LIFULL Co. Ltd.		444,000		1,393,353
*	Link-U, Inc.		2,500		27,508
# *	Macbee Planet, Inc.		2,400		209,637
	Macromill, Inc.		234,500		1,652,643
	MarkLines Co. Ltd.		72,900		2,064,628

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
COMMUNICATION SERVICES — (Continued)
	Marvelous, Inc.		195,700	$	1,242,299
#	Members Co. Ltd.		50,400		1,533,008
	Mixi, Inc.		259,600		5,948,555
*	Mobile Factory, Inc.		10,500		100,674
#	MTI Ltd.		133,200		853,143
*	Mynet, Inc.		3,500		20,972
*	NexTone, Inc.		26,300		853,130
	Okinawa Cellular Telephone Co.		82,400		3,712,633
#	Orchestra Holdings, Inc.		3,000		120,249
	Oricon, Inc.		25,600		226,113
# *	PR Times, Inc.		11,900		382,817
	Proto Corp.		160,300		1,979,865
#	Septeni Holdings Co. Ltd.		437,600		1,846,871
# *	Shobunsha Holdings, Inc.		214,700		928,025
	SKY Perfect JSAT Holdings, Inc.		930,500		3,489,628
	SoldOut, Inc.		6,300		84,818
	TBS Holdings, Inc.		26,400		417,583
	Tohokushinsha Film Corp.		94,800		531,638
# *	Tokyu Recreation Co. Ltd.		19,200		831,547
#	Tow Co. Ltd.		259,000		788,978
	Trenders, Inc.		2,800		24,031
	TV Asahi Holdings Corp.		98,500		1,494,751
	Tv Tokyo Holdings Corp.		75,900		1,439,227
	Usen-Next Holdings Co. Ltd.		73,500		2,163,680
	ValueCommerce Co. Ltd.		111,400		4,396,656
#	V-Cube, Inc.		80,700		1,220,304
	Vector, Inc.		207,600		2,355,584
	Wowow, Inc.		37,900		771,728
	Zenrin Co. Ltd.		229,350		2,114,685
TOTAL COMMUNICATION SERVICES					105,693,477
CONSUMER DISCRETIONARY — (14.2%)
	Adastria Co. Ltd.		160,640		2,979,905
#	Adventure, Inc.		8,800		650,726
#	Aeon Fantasy Co. Ltd.		48,932		811,084
#	Ahresty Corp.		152,700		570,473
*	Aigan Co. Ltd.		58,900		109,082
	Ainavo Holdings Co. Ltd.		5,600		48,834
	Aisan Industry Co. Ltd.		213,700		1,574,661
*	Akebono Brake Industry Co. Ltd.		578,900		1,170,146
#	Alleanza Holdings Co. Ltd.		80,800		830,319
	Alpen Co. Ltd.		104,100		2,539,252
	Alpha Corp.		38,400		415,541
	Amiyaki Tei Co. Ltd.		28,200		760,627
#	AOKI Holdings, Inc.		244,500		1,492,783
*	Aoyama Trading Co. Ltd.		249,400		1,714,927
	Arata Corp.		87,800		3,107,985
	Arcland Service Holdings Co. Ltd.		94,800		1,881,541
	Asahi Co. Ltd.		110,100		1,278,710
	Asante, Inc.		43,400		669,559
*	Ashimori Industry Co. Ltd.		29,499		255,312
	ASKUL Corp.		226,900		3,081,922
	Asti Corp.		19,400		308,705
#	Atom Corp.		229,100		1,545,426
*	Atsugi Co. Ltd.		103,500		579,361
	Aucnet, Inc.		61,600		1,275,861
	Autobacs Seven Co. Ltd.		438,800		5,675,199
	Avantia Co. Ltd.		74,800		565,041
	Baroque Japan Ltd.		90,200		685,409

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
#	Beauty Garage, Inc.		20,100	$	699,720
	Beenos, Inc.		12,600		366,437
#	Belluna Co. Ltd.		335,500		2,355,933
	Benesse Holdings, Inc.		257,900		5,900,281
#	Bic Camera, Inc.		414,800		3,577,458
#	Bike O & Co. Ltd.		33,600		346,640
#	Bookoff Group Holdings Ltd.		66,600		575,429
#	Can Do Co. Ltd.		65,100		1,459,764
	Central Automotive Products Ltd.		81,500		2,124,248
	Central Sports Co. Ltd.		45,800		975,440
#	Chieru Co. Ltd.		1,900		21,060
#	Chiyoda Co. Ltd.		110,800		743,361
	Chofu Seisakusho Co. Ltd.		128,100		2,314,599
	Chuo Spring Co. Ltd.		81,700		708,455
	Cleanup Corp.		139,400		680,088
	Colowide Co. Ltd.		8,100		117,097
#	Corona Corp., Class A		97,200		780,953
#	Create Restaurants Holdings, Inc.		558,900		3,842,505
*	CROOZ, Inc.		19,600		210,219
	Curves Holdings Co. Ltd.		157,000		1,223,198
	Daido Metal Co. Ltd.		256,600		1,376,995
*	Daidoh Ltd.		97,800		146,700
	Daikoku Denki Co. Ltd.		56,400		599,912
	Daikyonishikawa Corp.		255,500		1,535,383
#	Daimaruenawin Co. Ltd.		3,400		38,099
	Dainichi Co. Ltd.		67,100		464,324
	DCM Holdings Co. Ltd.		735,000		7,166,332
#	Diamond Electric Holdings Co. Ltd.		5,100		95,008
	Doshisha Co. Ltd.		156,400		2,450,565
	Doutor Nichires Holdings Co. Ltd.		186,086		2,669,276
	Dynic Corp.		36,400		242,386
	Eagle Industry Co. Ltd.		168,200		1,796,651
	EAT & Holdings Co. Ltd.		33,000		624,373
#	EDION Corp.		546,800		5,189,502
	Enigmo, Inc.		157,600		1,496,769
	ES-Con Japan Ltd.		11,800		84,787
	Eslead Corp.		47,700		706,262
	ESTELLE Holdings Co. Ltd.		12,600		71,369
#	Exedy Corp.		191,400		2,851,051
	FCC Co. Ltd.		231,100		3,199,533
	Felissimo Corp.		20,600		246,988
	Fields Corp.		23,100		105,393
	Fine Sinter Co. Ltd.		10,300		142,936
#	First Juken Co. Ltd.		46,400		497,700
	First-corp, Inc.		45,300		316,584
#	FJ Next Co. Ltd.		106,600		948,098
	Foster Electric Co. Ltd.		134,000		955,247
	F-Tech, Inc.		88,600		495,774
#	Fuji Corp.		72,800		766,529
	Fuji Corp. Ltd.		175,400		1,061,245
	Fuji Kyuko Co. Ltd.		14,900		600,275
	Fujibo Holdings, Inc.		66,200		2,401,013
	Fujikura Composites, Inc.		127,100		889,534
	Fujishoji Co. Ltd.		52,700		425,562
*	Fujita Kanko, Inc.		8,800		186,333
#	FuKoKu Co. Ltd.		66,400		577,197
#	Furukawa Battery Co. Ltd.		88,000		1,228,545
	Furyu Corp.		113,200		1,641,842
	Futaba Industrial Co. Ltd.		346,800		1,357,721

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
#	Gakkyusha Co. Ltd.		49,300	$	605,907
	Genki Sushi Co. Ltd.		29,900		707,813
	Geo Holdings Corp.		213,100		2,263,970
*	Gfoot Co. Ltd.		7,000		24,439
#	Gift, Inc.		20,300		502,688
#	GLOBERIDE, Inc.		106,198		3,842,820
# *	Gokurakuyu Holdings Co. Ltd.		24,900		65,075
	Golf Digest Online, Inc.		64,100		734,206
#	GSI Creos Corp.		63,184		548,786
	G-Tekt Corp.		145,100		1,808,956
	Gunze Ltd.		102,300		3,942,865
	H2O Retailing Corp.		542,045		4,328,867
#	Hagihara Industries, Inc.		79,000		1,041,201
*	Hakuyosha Co. Ltd.		12,400		215,076
#	Hamee Corp.		36,100		392,085
	Handsman Co. Ltd.		43,500		668,986
	Happinet Corp.		99,600		1,311,458
	Harada Industry Co. Ltd.		23,300		206,571
	Hard Off Corp. Co. Ltd.		58,800		399,014
	Haruyama Holdings, Inc.		54,800		277,615
	Heian Ceremony Service Co. Ltd.		8,300		65,246
	Heiwa Corp.		158,800		2,831,570
#	HI-LEX Corp.		119,400		1,909,327
	Himaraya Co. Ltd.		32,100		297,748
	Hinokiya Group Co. Ltd.		8,900		179,520
	H-One Co. Ltd.		136,000		899,073
	Honeys Holdings Co. Ltd.		118,640		1,095,641
	Hoosiers Holdings		227,700		1,404,682
*	Hotland Co. Ltd.		41,100		491,968
	House Do Co. Ltd.		57,400		476,913
	IBJ, Inc.		125,900		1,207,822
#	Ichibanya Co. Ltd.		95,758		3,871,397
	Ichikoh Industries Ltd.		186,900		927,210
	IDOM, Inc.		380,600		2,606,805
	IJTT Co. Ltd.		143,880		745,969
#	Imasen Electric Industrial		50,200		312,636
	Isetan Mitsukoshi Holdings Ltd.		88,800		649,212
* ††	Izuhakone Railway Co. Ltd.		300		0
#	Izumi Co. Ltd.		57,600		1,746,358
	J Front Retailing Co. Ltd.		651,400		6,037,769
#	Janome Sewing Machine Co. Ltd.		109,400		710,013
#	Japan Best Rescue System Co. Ltd.		114,400		1,154,288
	Japan Wool Textile Co. Ltd.		347,600		2,776,059
#	JFLA Holdings, Inc.		106,300		354,500
#	JINS Holdings, Inc.		82,900		5,241,457
# *	Joban Kosan Co. Ltd.		42,799		544,204
	Joshin Denki Co. Ltd.		109,800		2,285,422
	Joyful Honda Co. Ltd.		84,500		1,162,140
	JP-Holdings, Inc.		360,900		803,807
	JVCKenwood Corp.		1,051,800		1,814,586
# *	Kasai Kogyo Co. Ltd.		167,200		494,753
	Kawai Musical Instruments Manufacturing Co. Ltd.		36,600		1,128,342
	Keiyo Co. Ltd.		245,000		1,784,309
	KeyHolder, Inc.		2,100		13,954
	KFC Holdings Japan Ltd.		84,900		2,152,819
#	King Co. Ltd.		54,100		256,446
# *	Kintetsu Department Store Co. Ltd.		53,900		1,205,753
	Ki-Star Real Estate Co. Ltd.		48,700		2,721,240
	Kohnan Shoji Co. Ltd.		152,700		4,775,438

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
#	Kojima Co. Ltd.		197,700	$	1,018,083
	Komatsu Matere Co. Ltd.		212,600		1,701,201
	KOMEDA Holdings Co. Ltd.		304,100		5,515,557
	Komehyo Holdings Co. Ltd.		42,400		694,341
	Komeri Co. Ltd.		206,400		4,766,453
#	Konaka Co. Ltd.		163,506		476,674
	K’s Holdings Corp.		523,200		5,400,843
#	KU Holdings Co. Ltd.		115,500		1,083,156
#	Kura Sushi, Inc.		38,600		1,248,930
	Kurabo Industries Ltd.		119,500		1,990,988
	KYB Corp.		131,300		3,513,697
	LEC, Inc.		156,800		1,433,727
	LITALICO, Inc.		101,600	��	3,067,775
#	Locondo, Inc.		20,800		241,846
	Look Holdings, Inc.		35,900		436,073
	Mamiya-Op Co. Ltd.		16,600		94,782
	Mars Group Holdings Corp.		83,200		1,209,514
	Maruzen CHI Holdings Co. Ltd.		106,300		349,224
	Matsuoka Corp.		10,200		122,487
	Matsuyafoods Holdings Co. Ltd.		56,700		1,813,417
	Media Do Co. Ltd.		54,200		2,036,537
	Meiko Network Japan Co. Ltd.		116,000		579,442
	Meiwa Estate Co. Ltd.		78,000		421,457
	Mikuni Corp.		154,900		428,233
*	Mitsuba Corp.		209,590		1,171,918
	Mizuno Corp.		118,000		2,746,240
	Monogatari Corp.		70,400		4,385,499
	Morito Co. Ltd.		107,800		645,740
	MrMax Holdings Ltd.		161,600		843,864
	Murakami Corp.		31,800		724,735
	Musashi Seimitsu Industry Co. Ltd.		302,800		5,699,030
#	Nafco Co. Ltd.		53,200		804,727
	Nagase Brothers, Inc.		200		9,595
	Nagawa Co. Ltd.		48,800		4,617,700
	Nakayamafuku Co. Ltd.		74,400		264,683
	New Art Holdings Co. Ltd.		28,734		313,393
	Nextage Co. Ltd.		292,600		5,362,409
	NHK Spring Co. Ltd.		790,956		5,966,798
	Nichirin Co. Ltd.		61,160		979,572
#	Nihon House Holdings Co. Ltd.		283,600		952,603
	Nihon Plast Co. Ltd.		107,800		594,655
	Nihon Tokushu Toryo Co. Ltd.		81,900		719,294
	Nikki Co. Ltd.		2,100		33,739
	Nippon Felt Co. Ltd.		84,000		327,711
	Nippon Piston Ring Co. Ltd.		49,800		581,598
	Nippon Seiki Co. Ltd.		303,200		3,050,380
	Nishikawa Rubber Co. Ltd.		36,700		558,387
#	Nishimatsuya Chain Co. Ltd.		267,200		3,409,285
	Nissan Shatai Co. Ltd.		495,000		3,510,844
	Nissan Tokyo Sales Holdings Co. Ltd.		166,400		364,069
	Nittan Valve Co. Ltd.		93,500		298,002
	Nojima Corp.		201,000		4,408,137
	NOK Corp.		235,800		2,737,110
	Ohashi Technica, Inc.		68,600		879,546
	Ohsho Food Service Corp.		86,600		4,547,585
*	Oisix ra daichi, Inc.		130,200		5,453,252
	Onward Holdings Co. Ltd.		688,200		2,035,407
	Ozu Corp.		22,200		374,500
	Pacific Industrial Co. Ltd.		283,500		2,887,597

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
	PAL GROUP Holdings Co. Ltd.		139,800	$	2,021,981
	PAPYLESS Co. Ltd.		33,900		410,316
	Paris Miki Holdings, Inc.		131,400		300,235
	PC Depot Corp.		183,381		738,626
	People Co. Ltd.		14,600		130,780
	Piolax, Inc.		196,900		2,832,486
	Plenus Co. Ltd.		65,300		1,111,644
*	Premium Water Holdings, Inc.		8,100		224,303
	Press Kogyo Co. Ltd.		629,500		1,834,205
#	Pressance Corp.		109,900		1,821,481
*	QB Net Holdings Co. Ltd.		41,800		702,672
#	Raccoon Holdings, Inc.		111,700		1,563,224
*	Regal Corp.		1,500		25,230
#	Renaissance, Inc.		36,200		388,057
	Resorttrust, Inc.		523,464		9,276,381
	Rhythm Co. Ltd.		43,600		535,213
	Riberesute Corp.		46,100		337,211
	Ride On Express Holdings Co. Ltd.		46,900		585,969
*	Right On Co. Ltd.		100,725		633,249
	Riken Corp.		59,500		1,403,707
	Riso Kyoiku Co. Ltd.		671,200		2,803,909
#	Rock Field Co. Ltd.		94,800		1,399,445
	Roland Corp.		37,100		1,525,391
	Sac’s Bar Holdings, Inc.		130,950		633,653
	Saizeriya Co. Ltd.		171,700		4,634,799
	San Holdings, Inc.		59,900		785,227
	Sanei Architecture Planning Co. Ltd.		55,200		862,599
	Sangetsu Corp.		291,250		4,007,740
	Sankyo Co. Ltd.		233,600		5,669,919
	Sankyo Seiko Co. Ltd.		248,900		1,265,323
#	Sanoh Industrial Co. Ltd.		174,600		1,546,583
	Sanyei Corp.		4,300		76,102
	Sanyo Electric Railway Co. Ltd.		112,598		1,981,377
*	Sanyo Shokai Ltd.		64,699		513,586
#	Scroll Corp.		189,200		1,435,985
	Seiko Holdings Corp.		165,881		3,498,302
	Seiren Co. Ltd.		304,000		6,135,416
	Senshukai Co. Ltd.		174,600		604,410
	Seria Co. Ltd.		4,900		161,767
*	Shidax Corp.		149,800		578,059
	Shikibo Ltd.		68,600		558,770
#	Shimojima Co. Ltd.		48,800		484,057
	Shin-Nihon Tatemono Co. Ltd.		26,200		95,999
	Shoei Co. Ltd.		152,600		6,790,138
# *	Silver Life Co. Ltd.		15,300		194,177
	Snow Peak, Inc.		97,400		5,140,284
	SNT Corp.		197,100		402,512
	Soft99 Corp.		84,400		952,682
	Sotoh Co. Ltd.		49,100		354,767
	Space Value Holdings Co. Ltd.		199,500		1,417,406
	SPK Corp.		48,600		601,858
	Sprix Ltd.		31,300		322,108
	St. Marc Holdings Co. Ltd.		111,200		1,495,089
#	Step Co. Ltd.		61,500		958,456
	Suminoe Textile Co. Ltd.		32,800		510,815
	Sumitomo Riko Co. Ltd.		252,100		1,642,289
	Suncall Corp.		129,600		528,764
*	SuRaLa Net Co. Ltd.		2,700		49,553
	Syuppin Co. Ltd.		134,200		1,487,721

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
	T RAD Co. Ltd.		43,500	$	1,221,092
	Tachikawa Corp.		71,600		786,624
	Tachi-S Co. Ltd.		203,740		2,467,602
#	Taiho Kogyo Co. Ltd.		113,300		797,405
	Takashimaya Co. Ltd.		914,300		8,465,774
	Takasho Co. Ltd.		15,400		111,978
*	Take & Give Needs Co. Ltd.		7,410		81,145
	Takihyo Co. Ltd.		30,600		478,911
#	Tama Home Co. Ltd.		107,600		2,217,624
	Tamron Co. Ltd.		105,800		2,487,067
#	Tbk Co. Ltd.		155,300		557,092
#	Tear Corp.		60,900		260,861
	Temairazu, Inc.		14,900		723,535
	T-Gaia Corp.		138,100		2,460,683
	Tigers Polymer Corp.		79,800		295,740
	Toa Corp.		161,700		1,157,852
	Toabo Corp.		45,799		174,697
	Tokai Rika Co. Ltd.		326,000		4,563,243
	Token Corp.		47,250		3,852,792
*	Tokyo Base Co. Ltd.		130,100		807,225
	Tokyo Individualized Educational Institute, Inc.		103,700		655,232
	Tokyo Radiator Manufacturing Co. Ltd.		24,300		129,082
	Tokyotokeiba Co. Ltd.		99,900		3,958,190
	Tomy Co. Ltd.		582,293		5,526,680
	Topre Corp.		224,500		2,596,799
	Toridoll Holdings Corp.		316,400		7,617,212
	Tosho Co. Ltd.		4,000		68,570
	TPR Co. Ltd.		159,300		2,029,906
	Treasure Factory Co. Ltd.		10,300		83,067
	TS Tech Co. Ltd.		410,086		5,486,965
*	TSI Holdings Co. Ltd.		310,995		943,151
*	Tsukada Global Holdings, Inc.		86,100		257,099
#	Tsukamoto Corp. Co. Ltd.		18,100		218,354
	Tsutsumi Jewelry Co. Ltd.		41,500		773,537
#	Twinbird Corp.		9,200		68,801
	Unipres Corp.		241,100		1,967,062
*	Unitika Ltd.		373,200		1,192,142
	Univance Corp.		10,000		43,699
*	Universal Entertainment Corp.		88,100		2,092,813
#	Valuence Holdings, Inc.		1,600		43,492
*	Village Vanguard Co. Ltd.		36,600		346,682
	VT Holdings Co. Ltd.		526,200		2,354,470
	Wacoal Holdings Corp.		269,100		5,389,068
	Waseda Academy Co. Ltd.		43,600		390,251
	Watts Co. Ltd.		52,100		344,619
	Weds Co. Ltd.		14,500		65,966
*	World Co. Ltd.		87,900		1,078,875
	Xebio Holdings Co. Ltd.		165,200		1,535,252
	Yachiyo Industry Co. Ltd.		43,500		340,414
	Yagi & Co. Ltd.		18,600		231,921
	Yamae Group Holdings Co. Ltd.		9,400		94,342
	Yamato International, Inc.		100,500		278,762
	Yasunaga Corp.		53,200		550,659
	Yellow Hat Ltd.		222,800		3,630,043
	Yondoshi Holdings, Inc.		97,520		1,479,348
	Yorozu Corp.		134,600		1,405,848
	Yutaka Giken Co. Ltd.		8,700		146,391
#	Zojirushi Corp.		14,700		203,891
TOTAL CONSUMER DISCRETIONARY					488,751,508

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

			Shares		Value»
CONSUMER STAPLES — (7.2%)
#	Aeon Hokkaido Corp.			192,500	$	2,223,155
#	AFC-HD AMS Life Science Co. Ltd.			53,800		479,504
	Ain Holdings, Inc.			91,100		5,377,128
	Albis Co. Ltd.			38,700		801,541
	Arcs Co. Ltd.			274,400		5,273,221
	Artnature, Inc.			116,400		756,064
#	Axial Retailing, Inc.			108,000		3,435,025
	Belc Co. Ltd.			67,800		3,347,049
	Bourbon Corp.			54,800		1,118,984
	Bull-Dog Sauce Co. Ltd.			3,000		58,596
	Cawachi Ltd.			77,000		1,501,932
# *	C’BON COSMETICS Co. Ltd.			10,800		171,946
	Chubu Shiryo Co. Ltd.			152,100		1,453,673
	Chuo Gyorui Co. Ltd.			9,800		250,009
	Como Co. Ltd.			2,600		60,152
#	Cota Co. Ltd.			103,265		1,432,843
	Create SD Holdings Co. Ltd.			116,300		3,575,304
	Daikokutenbussan Co. Ltd.			36,700		2,090,659
	Delica Foods Holdings Co. Ltd.	��		66,400		364,662
#	DyDo Group Holdings, Inc.			59,300		2,825,437
	Earth Corp.			71,000		4,356,947
	Ebara Foods Industry, Inc.			30,900		687,059
	Eco’s Co. Ltd.			46,600		771,064
	Ensuiko Sugar Refining Co. Ltd.			86,200		167,246
	Ezaki Glico Co. Ltd.			81,000		2,939,770
	Feed One Co. Ltd.			155,448		1,023,403
*	First Baking Co. Ltd.			5,100		30,477
	Fuji Co. Ltd.			118,700		2,091,854
	Fuji Oil Holdings, Inc.			116,700		2,738,709
	Fujicco Co. Ltd.			129,700		2,177,436
	Fujiya Co. Ltd.			70,000		1,448,782
#	G-7 Holdings, Inc.			142,800		2,612,725
	Genky DrugStores Co. Ltd.			51,000		2,459,559
#	HABA Laboratories, Inc.			15,000		402,487
	Hagoromo Foods Corp.			17,900		497,157
	Halows Co. Ltd.			54,500		1,338,872
#	Hayashikane Sangyo Co. Ltd.			29,400		150,142
	Heiwado Co. Ltd.			194,900		3,373,752
	Hokkaido Coca-Cola Bottling Co. Ltd.			18,699		680,823
	Hokuto Corp.			141,500		2,443,584
#	Ichimasa Kamaboko Co. Ltd.			43,100		345,676
	Imuraya Group Co. Ltd.			61,500		1,269,243
	Inageya Co. Ltd.			33,600		406,102
	Itochu-Shokuhin Co. Ltd.			35,100		1,622,104
	Itoham Yonekyu Holdings, Inc.			689,700		4,205,492
	Iwatsuka Confectionery Co. Ltd.			8,700		292,293
	JM Holdings Co. Ltd.			77,000		1,263,914
	J-Oil Mills, Inc.			131,200		2,114,697
	Kadoya Sesame Mills, Inc.			15,600		551,880
	Kagome Co. Ltd.			119,500		3,032,406
	Kakiyasu Honten Co. Ltd.			53,400		1,253,317
	Kameda Seika Co. Ltd.			86,000		3,363,513
#	Kaneko Seeds Co. Ltd.			44,700		589,917
	Kanemi Co. Ltd.			1,200		29,796
#	Kansai Super Market Ltd.			93,000		1,511,752
	Kato Sangyo Co. Ltd.			152,100		4,288,404
	Kenko Mayonnaise Co. Ltd.			79,700		1,069,344
#	Key Coffee, Inc.			4,900		95,868
	Kitanotatsujin Corp.			293,000		1,067,417

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
CONSUMER STAPLES — (Continued)
	KOIKE YA, Inc.		300	$	13,613
#	Kusuri no Aoki Holdings Co. Ltd.		52,400		3,488,030
	Kyokuyo Co. Ltd.		63,799		1,710,161
	Lacto Japan Co. Ltd.		44,200		1,040,753
	Life Corp.		68,000		2,232,056
	Mandom Corp.		83,700		1,216,731
	Marudai Food Co. Ltd.		136,300		2,027,558
	Maruha Nichiro Corp.		213,807		4,823,644
	Matsumotokiyoshi Holdings Co. Ltd.		38,902		1,724,896
	Maxvalu Tokai Co. Ltd.		45,800		1,049,315
	Medical System Network Co. Ltd.		161,200		1,045,362
	Megmilk Snow Brand Co. Ltd.		277,400		5,367,659
	Meito Sangyo Co. Ltd.		57,500		879,133
	Milbon Co. Ltd.		159,852		9,570,980
	Ministop Co. Ltd.		90,500		1,103,065
	Mitsubishi Shokuhin Co. Ltd.		110,000		2,831,663
	Mitsui DM Sugar Holdings Co. Ltd.		111,970		1,989,724
	Miyoshi Oil & Fat Co. Ltd.		42,900		502,096
	Morinaga & Co. Ltd.		163,099		5,763,710
	Morinaga Milk Industry Co. Ltd.		900		52,744
	Morozoff Ltd.		18,900		886,705
#	MTG Co. Ltd.		24,700		333,413
	Nagatanien Holdings Co. Ltd.		76,300		1,397,102
	Nakamuraya Co. Ltd.		28,400		933,827
#	Natori Co. Ltd.		65,000		1,103,914
	Nichimo Co. Ltd.		17,000		285,215
	Nihon Chouzai Co. Ltd.		73,420		1,057,977
	Niitaka Co. Ltd.		12,360		245,109
	Nippn Corp.		374,600		5,367,537
	Nippon Beet Sugar Manufacturing Co. Ltd.		67,100		973,696
	Nippon Suisan Kaisha Ltd.		1,912,300		10,868,179
	Nishimoto Co. Ltd.		19,500		728,299
	Nisshin Oillio Group Ltd.		168,800		4,474,570
	Nissin Sugar Co. Ltd.		103,300		1,543,562
	Nitto Fuji Flour Milling Co. Ltd.		16,200		472,785
	Noevir Holdings Co. Ltd.		73,400		3,590,359
	Oenon Holdings, Inc.		317,700		1,053,687
# *	OIE Sangyo Co. Ltd.		22,000		207,045
	Okuwa Co. Ltd.		155,300		1,492,005
	Olympic Group Corp.		52,200		328,818
	OUG Holdings, Inc.		21,300		521,541
#	Pickles Corp.		53,600		844,968
	Prima Meat Packers Ltd.		183,500		4,312,883
	Qol Holdings Co. Ltd.		167,400		2,486,716
	Retail Partners Co. Ltd.		107,600		1,124,796
	Riken Vitamin Co. Ltd.		148,900		2,445,016
	Rokko Butter Co. Ltd.		84,200		1,233,161
	S Foods, Inc.		116,762		3,381,093
	S&B Foods, Inc.		42,798		1,665,989
#	Sagami Rubber Industries Co. Ltd.		57,700		533,531
	Sakata Seed Corp.		14,000		422,381
	San-A Co. Ltd.		116,600		4,201,492
	Sapporo Holdings Ltd.		392,620		8,518,732
	Sato Foods Co. Ltd.		800		35,347
	Satudora Holdings Co. Ltd.		1,300		25,758
#	Shinnihonseiyaku Co. Ltd.		24,000		355,713
	Shinobu Foods Products Co. Ltd.		1,600		9,367
#	Shoei Foods Corp.		68,000		2,344,264
	Showa Sangyo Co. Ltd.		114,300		2,843,451

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
CONSUMER STAPLES — (Continued)
#	Soiken Holdings, Inc.		24,200	$	67,724
	ST Corp.		30,100		426,849
	Starzen Co. Ltd.		90,600		1,707,467
	Takara Holdings, Inc.		118,800		1,624,977
*	Toho Co. Ltd.		49,900		671,106
#	Torigoe Co. Ltd.		94,500		635,722
	Toyo Sugar Refining Co. Ltd.		14,500		149,472
#	Transaction Co. Ltd.		89,700		907,365
	United Super Markets Holdings, Inc.		353,200		3,223,953
	Valor Holdings Co. Ltd.		225,800		4,782,226
	Warabeya Nichiyo Holdings Co. Ltd.		88,260		1,732,192
	Watahan & Co. Ltd.		97,400		1,054,506
	Yaizu Suisankagaku Industry Co. Ltd.		62,100		534,973
	YAKUODO Holdings Co. Ltd.		69,400		1,466,455
	Yamami Co.		1,200		21,365
#	YA-MAN Ltd.		194,200		2,062,992
	Yamatane Corp.		61,600		847,185
#	Yamaya Corp.		25,000		528,325
#	Yamazawa Co. Ltd.		11,800		178,164
	Yaoko Co. Ltd.		27,800		1,654,750
#	Yokohama Reito Co. Ltd.		322,900		2,469,135
	Yomeishu Seizo Co. Ltd.		48,700		774,432
*	Yoshimura Food Holdings KK		29,300		202,692
#	Yuasa Funashoku Co. Ltd.		14,300		381,552
	Yutaka Foods Corp.		3,900		64,303
TOTAL CONSUMER STAPLES					248,614,645
ENERGY — (0.9%)
	BP Castrol KK		44,100		554,424
	Cosmo Energy Holdings Co. Ltd.		348,300		7,120,167
	Fuji Kosan Co. Ltd.		4,400		40,740
	Fuji Oil Co. Ltd.		292,200		694,793
	Itochu Enex Co. Ltd.		356,500		3,145,548
	Japan Oil Transportation Co. Ltd.		15,500		358,357
	Japan Petroleum Exploration Co. Ltd.		226,200		4,116,318
	Mitsuuroko Group Holdings Co. Ltd.		203,900		2,439,883
	Modec, Inc.		134,300		2,309,972
#	Nippon Coke & Engineering Co. Ltd.		978,100		1,308,368
	Sala Corp.		324,100		1,770,331
	San-Ai Oil Co. Ltd.		396,200		5,163,612
	Sinanen Holdings Co. Ltd.		47,500		1,458,067
	Toa Oil Co. Ltd.		46,200		1,146,113
	Toyo Kanetsu KK		48,700		1,075,378
TOTAL ENERGY					32,702,071
FINANCIALS — (8.2%)
	77 Bank Ltd.		364,552		3,718,992
	Advance Create Co. Ltd.		63,400		591,263
	AEON Financial Service Co. Ltd.		79,700		1,012,598
	Aichi Bank Ltd.		48,700		1,472,030
	Aiful Corp.		2,177,800		7,255,429
#	Aizawa Securities Co. Ltd.		214,900		2,027,390
	Akatsuki Corp.		144,000		472,620
	Akita Bank Ltd.		88,440		1,125,344
	Anicom Holdings, Inc.		108,300		844,361
	Aomori Bank Ltd.		125,000		2,155,774
	Aozora Bank Ltd.		58,800		1,345,049
*	Aruhi Corp.		135,900		1,575,577

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
FINANCIALS — (Continued)
	Asax Co. Ltd.		9,300	$	58,119
	Awa Bank Ltd.		242,300		4,513,413
	Bank of Iwate Ltd.		82,982		1,192,198
#	Bank of Kochi Ltd.		56,100		375,364
	Bank of Nagoya Ltd.		75,630		1,608,800
	Bank of Saga Ltd.		86,320		1,088,264
	Bank of the Ryukyus Ltd.		262,280		1,748,326
#	Bank of Toyama Ltd.		14,500		242,169
	Casa, Inc.		26,400		210,956
	Chiba Kogyo Bank Ltd.		264,158		626,402
	Chugoku Bank Ltd.		580,000		4,207,413
	Chukyo Bank Ltd.		70,400		815,259
	Credit Saison Co. Ltd.		735,700		9,019,474
	Daishi Hokuetsu Financial Group, Inc.		271,000		6,069,162
#	Daito Bank Ltd.		62,600		371,904
# *	Dream Incubator, Inc.		15,700		110,000
	eGuarantee, Inc.		202,400		4,507,278
#	Ehime Bank Ltd.		216,700		1,462,689
	Entrust, Inc.		54,900		373,844
	FIDEA Holdings Co. Ltd.		128,790		1,331,959
	First Bank of Toyama Ltd.		319,000		803,560
#	First Brothers Co. Ltd.		34,600		314,044
	Fukui Bank Ltd.		136,000		1,757,994
*	Fukushima Bank Ltd.		17,200		34,898
	Fuyo General Lease Co. Ltd.		119,500		7,766,474
	GMO Financial Holdings, Inc.		258,700		1,981,525
	Gunma Bank Ltd.		1,901,540		5,870,601
	Hachijuni Bank Ltd.		1,378,300		4,606,540
	Hirogin Holdings, Inc.		1,512,200		8,331,078
	Hirose Tusyo, Inc.		20,800		413,928
	Hokkoku Financial Holdings, Inc.		150,800		2,628,291
	Hokuhoku Financial Group, Inc.		832,900		5,958,354
	Hyakugo Bank Ltd.		1,433,909		4,156,607
	Hyakujushi Bank Ltd.		134,700		1,742,886
	Ichiyoshi Securities Co. Ltd.		230,400		1,314,715
	IwaiCosmo Holdings, Inc.		123,900		1,455,876
	Iyo Bank Ltd.		1,002,118		4,902,882
*	J Trust Co. Ltd.		345,400		1,805,722
	Jaccs Co. Ltd.		150,900		4,024,560
	Jafco Group Co. Ltd.		204,100		12,931,197
*	Japan Asia Investment Co. Ltd.		93,300		189,711
	Japan Investment Adviser Co. Ltd.		70,300		768,764
	Japan Securities Finance Co. Ltd.		581,200		4,436,880
#	Jimoto Holdings, Inc.		113,150		646,382
#	J-Lease Co. Ltd.		31,900		644,668
	Juroku Financial Group, Inc.		191,700		3,481,666
	Keiyo Bank Ltd.		700,300		2,727,668
	Kita-Nippon Bank Ltd.		43,506		582,513
	Kiyo Bank Ltd.		430,890		5,658,485
	Kyokuto Securities Co. Ltd.		152,800		1,023,091
	Kyushu Financial Group, Inc.		1,545,837		5,205,710
	Kyushu Leasing Service Co. Ltd.		34,000		180,621
*	M&A Capital Partners Co. Ltd.		92,100		5,194,876
	Marusan Securities Co. Ltd.		336,700		1,774,385
	Matsui Securities Co. Ltd.		450,500		3,231,901
	Mebuki Financial Group, Inc.		1,100,400		2,253,086
#	Mercuria Holdings Co. Ltd.		70,500		457,641
#	Michinoku Bank Ltd.		261,898		2,011,846
#	Minkabu The Infonoid, Inc.		21,700		650,732

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
FINANCIALS — (Continued)
#	Mito Securities Co. Ltd.		359,500	$	933,461
	Miyazaki Bank Ltd.		107,900		1,944,730
	Mizuho Leasing Co. Ltd.		188,600		5,827,121
	Monex Group, Inc.		1,111,400		7,237,357
	Money Partners Group Co. Ltd.		149,100		321,630
	Morningstar Japan KK		76,200		347,165
	Mortgage Service Japan Ltd.		22,900		213,502
	Musashino Bank Ltd.		205,300		3,224,806
	Nagano Bank Ltd.		43,899		416,150
	Nanto Bank Ltd.		191,700		3,304,814
	NEC Capital Solutions Ltd.		60,200		1,085,694
	Nishi-Nippon Financial Holdings, Inc.		842,300		4,911,403
	North Pacific Bank Ltd.		1,824,600		3,776,132
# *	OAK Capital Corp.		319,800		264,270
	Ogaki Kyoritsu Bank Ltd.		238,100		3,956,752
	Oita Bank Ltd.		84,199		1,340,841
	Okasan Securities Group, Inc.		1,062,700		3,634,784
	Okinawa Financial Group, Inc.		145,260		3,193,298
	Orient Corp.		2,808,900		3,854,758
	Premium Group Co. Ltd.		40,900		1,119,020
	Ricoh Leasing Co. Ltd.		100,800		3,195,860
	San ju San Financial Group, Inc.		118,793		1,455,218
	San-In Godo Bank Ltd.		977,400		4,783,344
	Sawada Holdings Co. Ltd.		152,200		1,397,384
*	SBI Insurance Group Co. Ltd.		7,600		84,706
	Senshu Ikeda Holdings, Inc.		1,232,328		1,731,350
	Seven Bank Ltd.		561,000		1,185,924
	Shiga Bank Ltd.		300,900		4,868,986
	Shikoku Bank Ltd.		258,600		1,702,230
	Shimizu Bank Ltd.		58,200		787,955
#	Sparx Group Co. Ltd.		604,900		1,569,154
	Strike Co. Ltd.		51,700		1,951,056
#	Suruga Bank Ltd.		893,400		3,277,354
	Taiko Bank Ltd.		41,800		489,983
	Tochigi Bank Ltd.		565,200		878,215
	Toho Bank Ltd.		1,298,700		2,324,764
#	Tohoku Bank Ltd.		64,700		569,864
	Tokai Tokyo Financial Holdings, Inc.		1,409,300		4,885,609
	Tokyo Kiraboshi Financial Group, Inc.		170,738		2,208,560
	Tomato Bank Ltd.		54,500		500,401
	TOMONY Holdings, Inc.		937,250		2,504,001
	Tottori Bank Ltd.		56,400		550,913
	Towa Bank Ltd.		210,300		933,391
#	Toyo Securities Co. Ltd.		390,800		557,238
	Traders Holdings Co. Ltd.		13,720		37,785
#	Tsukuba Bank Ltd.		461,800		692,219
*	Uzabase, Inc.		60,700		1,087,689
	Yamagata Bank Ltd.		143,600		1,024,332
	Yamaguchi Financial Group, Inc.		1,237,672		6,909,329
	Yamanashi Chuo Bank Ltd.		162,526		1,171,465
TOTAL FINANCIALS					283,675,745
HEALTH CARE — (4.4%)
	Advantage Risk Management Co. Ltd.		41,900		339,505
	ASKA Pharmaceutical Holdings Co. Ltd.		161,700		1,405,087
	Astena Holdings Co. Ltd.		194,800		966,912
	BML, Inc.		149,600		5,258,415
	Carenet, Inc.		130,800		1,437,501
	CE Holdings Co. Ltd.		9,500		44,955

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
HEALTH CARE — (Continued)
# *	CellSource Co. Ltd.		19,800	$	1,121,900
	Charm Care Corp. KK		113,900		1,712,673
	CMIC Holdings Co. Ltd.		63,200		823,041
	Create Medic Co. Ltd.		38,700		335,882
	Daiken Medical Co. Ltd.		116,700		592,042
	Daito Pharmaceutical Co. Ltd.		78,580		2,215,979
	DATA HORIZON Co. Ltd.		3,600		72,231
#	Dvx, Inc.		44,300		449,068
	Eiken Chemical Co. Ltd.		203,900		3,427,571
	Elan Corp.		208,600		2,254,690
	EM Systems Co. Ltd.		205,000		1,358,944
	FALCO HOLDINGS Co. Ltd.		53,300		793,939
	FINDEX, Inc.		94,500		778,638
	France Bed Holdings Co. Ltd.		158,600		1,256,629
	Fuji Pharma Co. Ltd.		99,100		955,543
	Fukuda Denshi Co. Ltd.		63,200		5,323,083
	Fuso Pharmaceutical Industries Ltd.		45,600		1,017,475
# *	GNI Group Ltd.		54,200		759,451
	H.U. Group Holdings, Inc.		362,400		8,937,241
	Hogy Medical Co. Ltd.		103,900		2,848,609
	Hoshi Iryo-Sanki Co. Ltd.		9,600		323,653
#	I’rom Group Co. Ltd.		31,800		548,820
# *	Japan Animal Referral Medical Center Co. Ltd.		9,600		148,383
*	Japan Hospice Holdings, Inc.		11,300		198,121
	Japan Lifeline Co. Ltd.		396,000		4,264,177
	Japan Medical Dynamic Marketing, Inc.		104,500		2,008,748
#	JMS Co. Ltd.		104,457		681,011
	Kaken Pharmaceutical Co. Ltd.		132,200		5,214,471
	Kanamic Network Co. Ltd.		139,700		743,861
	Kissei Pharmaceutical Co. Ltd.		175,800		3,516,580
#	Koa Shoji Holdings Co. Ltd.		4,100		23,991
	KYORIN Holdings, Inc.		261,400		4,015,338
	Linical Co. Ltd.		71,700		505,280
	Mani, Inc.		173,400		2,955,861
	Medical Data Vision Co. Ltd.		171,100		2,207,310
	Medikit Co. Ltd.		2,000		49,825
	Medius Holdings Co. Ltd.		67,100		525,462
# *	MedPeer, Inc.		74,300		2,232,573
	Menicon Co. Ltd.		104,600		3,927,128
	Mizuho Medy Co. Ltd.		22,400		517,529
	Mochida Pharmaceutical Co. Ltd.		35,698		1,041,005
	Nagaileben Co. Ltd.		5,200		106,878
	Nakanishi, Inc.		248,400		5,761,692
#	Nichi-iko Pharmaceutical Co. Ltd.		323,550		2,456,325
	Nippon Chemiphar Co. Ltd.		13,400		255,463
	Nipro Corp.		809,400		8,224,859
	Nissui Pharmaceutical Co. Ltd.		78,000		665,896
	Paramount Bed Holdings Co. Ltd.		267,500		4,991,309
	Precision System Science Co. Ltd.		4,800		25,265
	Rion Co. Ltd.		54,600		1,188,117
	Sawai Group Holdings Co. Ltd.		141,800		6,255,401
	Seed Co. Ltd.		72,900		395,594
	Seikagaku Corp.		233,700		2,062,443
	Shin Nippon Biomedical Laboratories Ltd.		125,400		1,589,741
	Ship Healthcare Holdings, Inc.		193,600		5,085,168
	Shofu, Inc.		69,900		1,448,719
	Software Service, Inc.		19,600		1,236,517
	Solasto Corp.		327,100		3,958,897
	St-Care Holding Corp.		81,600		650,476

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
HEALTH CARE — (Continued)
#	Taiko Pharmaceutical Co. Ltd.		55,900	$	397,093
	Techno Medica Co. Ltd.		14,700		203,870
	Toho Holdings Co. Ltd.		298,300		4,829,468
	Tokai Corp.		138,600		2,666,123
	Torii Pharmaceutical Co. Ltd.		94,600		2,455,990
#	Towa Pharmaceutical Co. Ltd.		173,300		4,455,329
	Trans Genic, Inc.		51,100		245,172
	Tsumura & Co.		108,600		3,384,564
	Value HR Co. Ltd.		46,400		750,195
	Vital KSK Holdings, Inc.		272,800		1,819,219
# *	Wakamoto Pharmaceutical Co. Ltd.		112,300		335,254
	WIN-Partners Co. Ltd.		113,300		956,699
	ZERIA Pharmaceutical Co. Ltd.		11,200		200,506
TOTAL HEALTH CARE					151,194,373
INDUSTRIALS — (29.9%)
#	A&A Material Corp.		26,000		220,125
#	Abist Co. Ltd.		19,600		493,942
	Advan Group Co. Ltd.		149,900		1,280,998
	Advanex, Inc.		17,599		168,578
	Aeon Delight Co. Ltd.		100,100		3,074,262
	Aica Kogyo Co. Ltd.		84,300		2,583,861
	Aichi Corp.		235,900		1,672,196
	Aida Engineering Ltd.		313,400		2,845,023
	Airtech Japan Ltd.		2,000		21,949
	AIT Corp.		5,000		48,881
	Ajis Co. Ltd.		28,900		751,550
	Alconix Corp.		151,600		2,285,348
	Alinco, Inc.		80,500		703,075
	Alps Logistics Co. Ltd.		111,600		1,018,966
	Altech Co. Ltd.		10,900		30,140
	Altech Corp.		113,570		2,045,853
#	Anest Iwata Corp.		220,200		1,754,091
	Asahi Diamond Industrial Co. Ltd.		352,700		2,168,724
	Asahi Kogyosha Co. Ltd.		25,700		770,705
	Asanuma Corp.		44,000		1,759,637
#	Asukanet Co. Ltd.		31,200		219,061
	Bando Chemical Industries Ltd.		213,500		1,649,749
	BeNext-Yumeshin Group Co.		348,196		4,539,417
#	Br Holdings Corp.		202,000		763,731
	Bunka Shutter Co. Ltd.		361,900		3,527,678
	Canare Electric Co. Ltd.		21,200		318,159
	Careerlink Co. Ltd.		2,100		28,528
	Central Glass Co. Ltd.		227,800		4,242,005
	Central Security Patrols Co. Ltd.		53,000		1,274,302
	Chilled & Frozen Logistics Holdings Co. Ltd.		111,200		1,647,969
*	Chiyoda Corp.		728,000		2,661,195
	Chiyoda Integre Co. Ltd.		71,700		1,371,293
	Chori Co. Ltd.		73,000		1,164,007
	Chudenko Corp.		200,400		3,923,945
#	Chugai Ro Co. Ltd.		37,600		575,506
	Chuo Warehouse Co. Ltd.		21,000		178,150
	CKD Corp.		213,800		4,238,619
	CMC Corp.		30,200		334,564
	Comany, Inc.		4,700		50,939
	Cosel Co. Ltd.		162,700		1,324,738
	Creek & River Co. Ltd.		67,100		1,158,817
	CTI Engineering Co. Ltd.		73,300		1,758,453
	CTS Co. Ltd.		157,100		1,097,573

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Dai-Dan Co. Ltd.		98,500	$	2,073,900
#	Daido Kogyo Co. Ltd.		51,800		465,052
	Daihatsu Diesel Manufacturing Co. Ltd.		122,100		632,151
	Daihen Corp.		131,800		5,501,515
#	Daiho Corp.		98,600		3,321,418
	Dai-Ichi Cutter Kogyo KK		46,300		578,059
	Daiichi Jitsugyo Co. Ltd.		54,200		2,521,088
	Daiichi Kensetsu Corp.		34,300		604,048
	Daiki Axis Co. Ltd.		41,900		342,949
*	Daiohs Corp.		22,100		198,206
	Daiseki Co. Ltd.		292,755		13,664,852
	Daiseki Eco. Solution Co. Ltd.		22,959		354,141
#	Daisue Construction Co. Ltd.		48,200		372,146
	Daiwa Industries Ltd.		214,200		2,387,296
	Denyo Co. Ltd.		107,900		1,870,910
	DMG Mori Co. Ltd.		728,000		12,536,750
	DMW Corp.		4,800		149,589
	Duskin Co. Ltd.		281,100		6,771,653
	Ebara Jitsugyo Co. Ltd.		72,400		1,828,075
	Eidai Co. Ltd.		184,700		473,023
#	EJ Holdings, Inc.		24,200		265,787
	Endo Lighting Corp.		56,300		519,856
	en-japan, Inc.		159,400		6,330,077
	Enshu Ltd.		26,199		151,245
	Envipro Holdings, Inc.		7,800		173,942
	EPCO Co. Ltd.		4,400		32,290
	Escrow Agent Japan, Inc.		136,700		243,986
	F&M Co. Ltd.		44,400		774,402
# *	FDK Corp.		64,298		580,463
	Forum Engineering, Inc.		16,900		140,982
	Freund Corp.		75,600		555,986
	Fudo Tetra Corp.		108,480		1,723,236
	Fuji Corp.		296,600		6,918,509
#	Fuji Die Co. Ltd.		55,300		314,762
	Fuji Furukawa Engineering & Construction Co. Ltd.		1,800		42,196
*	Fujikura Ltd.		1,714,800		9,249,370
	Fujimak Corp.		12,600		86,482
	Fujisash Co. Ltd.		573,900		388,226
	Fujitec Co. Ltd.		264,100		5,999,187
	Fukuda Corp.		58,900		2,397,799
	Fukushima Galilei Co. Ltd.		83,500		3,319,624
	Fukuvi Chemical Industry Co. Ltd.		10,600		58,638
	Fukuyama Transporting Co. Ltd.		60,157		2,396,351
	FULLCAST Holdings Co. Ltd.		131,600		3,071,809
	Funai Soken Holdings, Inc.		247,470		6,875,107
	Furukawa Co. Ltd.		204,200		2,259,665
	Furukawa Electric Co. Ltd.		424,300		9,284,144
	Futaba Corp.		208,200		1,415,593
#	G Three Holdings Corp.		61,200		226,467
	Gecoss Corp.		95,900		724,550
	Giken Ltd.		37,000		1,411,844
	Glory Ltd.		288,055		6,200,456
	Grace Technology, Inc.		110,100		1,007,703
	gremz, Inc.		14,800		340,685
	GS Yuasa Corp.		375,183		8,167,598
	Hamakyorex Co. Ltd.		108,000		2,994,232
	Hanwa Co. Ltd.		230,300		6,917,875
	Hashimoto Sogyo Holdings Co. Ltd.		4,070		77,481
	Hazama Ando Corp.		1,294,000		8,762,584

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Helios Techno Holding Co. Ltd.		109,800	$	299,089
	Hibiya Engineering Ltd.		121,000		2,034,083
	Hirakawa Hewtech Corp.		70,800		770,751
	Hirano Tecseed Co. Ltd.		59,400		1,378,867
	Hirata Corp.		24,100		1,469,413
	Hisaka Works Ltd.		127,300		944,534
	Hitachi Zosen Corp.		1,034,779		8,113,625
	Hito Communications Holdings, Inc.		43,900		848,395
#	Hokuetsu Industries Co. Ltd.		140,700		1,197,677
	Hokuriku Electrical Construction Co. Ltd.		74,200		686,548
	Hosokawa Micron Corp.		90,400		2,501,001
	Howa Machinery Ltd.		65,100		462,945
#	Ichikawa Co. Ltd.		1,000		11,925
	Ichiken Co. Ltd.		33,600		566,314
#	Ichinen Holdings Co. Ltd.		137,500		1,686,920
	Idec Corp.		203,100		4,304,310
	Ihara Science Corp.		52,200		964,232
	Iino Kaiun Kaisha Ltd.		559,100		2,696,481
*	Impact HD, Inc.		20,500		722,130
	Imura Envelope Co., Inc.		13,700		97,855
	Inaba Denki Sangyo Co. Ltd.		327,400		7,853,534
	Inaba Seisakusho Co. Ltd.		62,800		737,222
	Inabata & Co. Ltd.		293,700		4,347,854
	INFRONEER Holdings, Inc.		1,192,388		9,875,975
	Insource Co. Ltd.		138,750		2,778,005
#	Inui Global Logistics Co. Ltd.		67,580		1,340,869
	IR Japan Holdings Ltd.		41,300		3,808,710
*	Iseki & Co. Ltd.		124,500		1,799,063
#	Ishii Iron Works Co. Ltd.		11,000		289,056
	Isolite Insulating Products Co. Ltd.		62,800		488,358
	Itoki Corp.		209,700		667,470
	Iwaki Co. Ltd.		54,700		482,338
	Iwasaki Electric Co. Ltd.		42,200		776,072
	JAC Recruitment Co. Ltd.		106,200		2,083,694
*	Jalux, Inc.		38,600		578,448
*	Jamco Corp.		22,700		196,311
	Japan Elevator Service Holdings Co. Ltd.		355,100		7,695,305
	Japan Foundation Engineering Co. Ltd.		128,800		574,468
	Japan Pulp & Paper Co. Ltd.		77,200		2,604,295
	Japan Steel Works Ltd.		348,100		10,226,224
	Japan Transcity Corp.		251,200		1,335,695
	JDC Corp.		59,800		313,831
	JGC Holdings Corp.		679,600		6,386,410
#	JK Holdings Co. Ltd.		94,440		717,332
	Juki Corp.		195,600		1,460,210
	Kamei Corp.		154,500		1,574,416
	Kanaden Corp.		118,500		1,067,647
	Kanagawa Chuo Kotsu Co. Ltd.		42,800		1,311,207
	Kaname Kogyo Co. Ltd.		1,300		10,445
#	Kanamoto Co. Ltd.		210,000		4,498,364
	Kandenko Co. Ltd.		629,700		4,881,325
	Kanematsu Corp.		517,425		6,008,953
	Katakura Industries Co. Ltd.		151,500		2,303,122
#	Kato Works Co. Ltd.		61,000		449,663
	Kawada Technologies, Inc.		34,100		1,179,002
	Kawagishi Bridge Works Co. Ltd.		8,700		228,606
	Kawanishi Warehouse Co. Ltd.		1,700		17,480
	Kawasaki Kinkai Kisen Kaisha Ltd.		7,899		201,622
	Kawata Manufacturing Co. Ltd.		25,100		211,410

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Keihin Co. Ltd.		15,700	$	192,599
	KFC Ltd.		8,700		152,848
#	Kimura Chemical Plants Co. Ltd.		107,500		719,791
	Kimura Unity Co. Ltd.		23,500		279,879
	King Jim Co. Ltd.		54,800		420,058
#	Kinki Sharyo Co. Ltd.		16,599		156,135
	Kintetsu World Express, Inc.		240,800		5,783,205
	Kitagawa Corp.		54,200		744,014
	Kitano Construction Corp.		24,872		472,192
	Kito Corp.		134,300		1,861,006
	Kitz Corp.		472,700		3,162,272
# *	Kobe Electric Railway Co. Ltd.		37,299		1,126,270
*	Kobelco Eco-Solutions Co. Ltd.		21,399		604,636
	Koike Sanso Kogyo Co. Ltd.		13,400		271,607
	Kokusai Co. Ltd.		51,600		308,231
	Kokusai Pulp & Paper Co. Ltd.		47,700		155,333
	Kokuyo Co. Ltd.		400,725		6,098,579
	KOMAIHALTEC, Inc.		20,300		291,211
#	Komatsu Wall Industry Co. Ltd.		49,300		840,159
	Komori Corp.		314,100		2,051,606
	Kondotec, Inc.		123,800		1,062,075
	Konoike Transport Co. Ltd.		178,300		1,951,624
# *	Kosaido Co. Ltd.		155,100		1,350,853
	Kozo Keikaku Engineering, Inc.		21,200		482,583
	KRS Corp.		37,800		658,664
	Kumagai Gumi Co. Ltd.		235,700		5,833,916
	Kyodo Printing Co. Ltd.		48,900		1,125,838
#	Kyokuto Boeki Kaisha Ltd.		39,700		908,278
	Kyokuto Kaihatsu Kogyo Co. Ltd.		205,600		2,809,906
#	Kyoritsu Printing Co. Ltd.		179,200		266,412
	Kyudenko Corp.		116,400		3,692,221
	LIKE, Inc.		68,700		1,071,767
	Link & Motivation, Inc.		234,300		2,475,502
	Lonseal Corp.		13,900		183,166
	Mabuchi Motor Co. Ltd.		174,600		6,019,903
	Maezawa Industries, Inc.		49,000		285,655
#	Maezawa Kasei Industries Co. Ltd.		85,100		962,863
	Maezawa Kyuso Industries Co. Ltd.		128,400		1,197,872
	Makino Milling Machine Co. Ltd.		161,500		5,810,460
*	Management Solutions Co. Ltd.		35,700		1,068,137
	Marufuji Sheet Piling Co. Ltd.		11,800		207,566
#	MARUKA FURUSATO Corp.		114,407		2,019,626
	Marumae Co. Ltd.		28,300		550,067
#	Maruwa Unyu Kikan Co. Ltd.		104,300		1,460,678
	Maruyama Manufacturing Co., Inc.		18,800		251,855
	Maruzen Co. Ltd.		65,800		1,282,193
	Maruzen Showa Unyu Co. Ltd.		81,800		2,498,126
#	Matching Service Japan Co. Ltd.		52,000		456,940
	Matsuda Sangyo Co. Ltd.		94,082		2,811,033
#	Matsui Construction Co. Ltd.		125,500		817,703
	Max Co. Ltd.		164,900		2,626,226
	Meidensha Corp.		224,410		4,723,677
	Meiho Facility Works Ltd.		29,700		238,435
	Meiji Electric Industries Co. Ltd.		52,500		617,567
#	Meiji Shipping Co. Ltd.		102,500		714,365
	Meisei Industrial Co. Ltd.		266,700		1,589,301
	Meitec Corp.		166,200		9,996,518
	Meiwa Corp.		145,600		1,055,300
	Mesco, Inc.		29,800		261,680

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
#	MetaReal Corp.		22,800	$	225,319
	METAWATER Co. Ltd.		162,600		2,751,311
#	Midac Holdings Co. Ltd.		17,900		851,111
	Mie Kotsu Group Holdings, Inc.		359,200		1,569,977
	Mirai Industry Co. Ltd.		4,600		68,427
	Mirait Holdings Corp.		583,135		11,215,268
	Mitani Corp.		295,200		4,569,121
	Mitani Sangyo Co. Ltd.		145,000		485,625
#	Mitsubishi Kakoki Kaisha Ltd.		39,700		818,501
	Mitsubishi Logisnext Co. Ltd.		186,600		1,716,030
	Mitsubishi Logistics Corp.		113,800		3,177,915
	Mitsubishi Pencil Co. Ltd.		123,400		1,480,492
	Mitsuboshi Belting Ltd.		161,400		2,868,709
*	Mitsui E&S Holdings Co. Ltd.		394,781		2,013,299
#	Mitsui Matsushima Holdings Co. Ltd.		77,400		1,005,592
	Mitsui-Soko Holdings Co. Ltd.		136,100		2,729,800
	Mitsumura Printing Co. Ltd.		6,300		85,688
	Miyaji Engineering Group, Inc.		39,417		925,399
	Mori-Gumi Co. Ltd.		69,500		184,598
	Morita Holdings Corp.		209,700		2,638,407
	Musashi Co. Ltd.		5,000		81,048
#	NAC Co. Ltd.		61,300		528,097
	Nachi-Fujikoshi Corp.		93,600		3,545,585
	Nadex Co. Ltd.		40,600		280,274
	Nagase & Co. Ltd.		578,600		9,793,254
	Naigai Trans Line Ltd.		41,700		804,869
#	Nakabayashi Co. Ltd.		113,400		570,259
	Nakakita Seisakusho Co. Ltd.		3,700		84,345
	Nakamoto Packs Co. Ltd.		33,300		509,029
*	Nakamura Choukou Co. Ltd.		6,600		36,033
	Nakanishi Manufacturing Co. Ltd.		5,700		58,022
	Nakano Corp.		107,000		321,339
# *	Namura Shipbuilding Co. Ltd.		256,428		537,866
	Nankai Electric Railway Co. Ltd.		266,500		5,289,159
	Narasaki Sangyo Co. Ltd.		25,400		464,779
	Nice Corp.		35,200		586,175
	Nichias Corp.		391,000		9,573,627
	Nichiban Co. Ltd.		68,100		1,107,470
	Nichiden Corp.		98,100		1,973,767
	Nichiha Corp.		165,280		4,751,260
	Nichireki Co. Ltd.		165,600		1,965,028
	Nihon Dengi Co. Ltd.		30,800		1,045,850
	Nihon Flush Co. Ltd.		122,000		1,157,672
	Nikkato Corp.		53,000		367,749
	Nikkiso Co. Ltd.		316,800		2,805,281
#	Nikko Co. Ltd.		168,400		978,254
	Nikkon Holdings Co. Ltd.		384,000		7,502,330
	Nippi, Inc.		11,900		390,898
#	Nippon Air Conditioning Services Co. Ltd.		189,000		1,310,733
	Nippon Aqua Co. Ltd.		55,400		281,229
	Nippon Carbon Co. Ltd.		66,200		2,555,698
	Nippon Concept Corp.		37,700		578,817
	Nippon Densetsu Kogyo Co. Ltd.		240,900		3,713,211
	Nippon Dry-Chemical Co. Ltd.		11,300		202,513
	Nippon Filcon Co. Ltd.		15,700		75,456
	Nippon Hume Corp.		139,300		908,467
	Nippon Kanzai Co. Ltd.		15,200		369,099
	Nippon Koei Co. Ltd.		81,100		2,463,153
#	Nippon Parking Development Co. Ltd.		1,396,900		1,765,390

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Nippon Rietec Co. Ltd.		23,600	$	328,544
	Nippon Road Co. Ltd.		45,800		3,313,067
	Nippon Seisen Co. Ltd.		23,700		976,700
	Nippon Sharyo Ltd.		40,299		743,481
*	Nippon Sheet Glass Co. Ltd.		388,100		2,168,913
	Nippon Steel Trading Corp.		96,960		4,384,505
	Nippon Thompson Co. Ltd.		378,800		1,948,979
	Nippon Tungsten Co. Ltd.		6,699		133,228
	Nishimatsu Construction Co. Ltd.		345,000		9,951,583
	Nishi-Nippon Railroad Co. Ltd.		191,400		4,714,815
	Nishio Rent All Co. Ltd.		123,800		3,061,308
	Nissei ASB Machine Co. Ltd.		51,100		1,668,071
	Nissei Corp.		38,900		357,287
	Nissei Plastic Industrial Co. Ltd.		125,500		1,198,738
	Nisshinbo Holdings, Inc.		956,780		7,384,925
	Nissin Corp.		95,000		1,350,267
	Nissin Electric Co. Ltd.		329,100		4,078,567
	Nisso Corp.		51,600		327,104
	Nitta Corp.		135,400		3,104,064
	Nitto Boseki Co. Ltd.		53,500		1,714,810
	Nitto Kogyo Corp.		169,300		2,519,082
	Nitto Kohki Co. Ltd.		69,900		1,161,394
	Nitto Seiko Co. Ltd.		189,000		1,087,974
#	Nittoc Construction Co. Ltd.		132,600		816,424
	NJS Co. Ltd.		36,800		648,829
	Noda Corp.		120,700		927,981
	Nomura Co. Ltd.		352,400		3,474,463
#	Nomura Micro Science Co. Ltd.		40,800		1,752,768
	Noritake Co. Ltd.		59,600		2,605,970
	Noritsu Koki Co. Ltd.		123,200		2,562,241
	Noritz Corp.		194,200		3,115,810
	NS Tool Co. Ltd.		107,000		1,433,914
	NS United Kaiun Kaisha Ltd.		69,400		2,185,586
*	NTN Corp.		2,686,900		5,826,622
#	Obara Group, Inc.		77,600		2,488,581
	Ochi Holdings Co. Ltd.		8,900		98,810
	Odawara Engineering Co. Ltd.		9,100		187,008
#	Ohba Co. Ltd.		76,500		545,962
	Ohmoto Gumi Co. Ltd.		4,100		208,025
	Oiles Corp.		147,570		2,192,586
	Okabe Co. Ltd.		258,200		1,550,779
#	Okada Aiyon Corp.		42,800		489,850
	Okamoto Machine Tool Works Ltd.		25,299		1,062,445
	Okamura Corp.		376,300		4,965,987
	OKUMA Corp.		151,100		7,199,702
	Okumura Corp.		191,580		4,947,455
	Onoken Co. Ltd.		111,900		1,652,682
	Organo Corp.		43,800		2,782,530
#	Oriental Consultants Holdings Co. Ltd.		6,100		176,367
*	Oriental Shiraishi Corp.		834,300		1,969,345
	Origin Co. Ltd.		27,600		311,728
#	OSG Corp.		511,900		8,516,449
	Outsourcing, Inc.		768,100		14,734,721
	Oyo Corp.		128,000		1,961,495
	Paraca, Inc.		35,900		507,848
# *	Park24 Co. Ltd.		88,700		1,358,685
	Parker Corp.		34,000		152,033
	Pasco Corp.		11,200		149,039
	Pasona Group, Inc.		145,800		4,071,572

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Pegasus Sewing Machine Manufacturing Co. Ltd.		139,900	$	564,448
	Penta-Ocean Construction Co. Ltd.		1,616,400		11,138,498
	People Dreams & Technologies Group Co. Ltd.		21,000		361,706
*	Phil Co., Inc.		4,200		96,337
	Pilot Corp.		113,500		4,162,480
	Prestige International, Inc.		654,700		4,489,480
	Pronexus, Inc.		108,700		1,013,526
*	Prored Partners Co. Ltd.		30,200		349,002
	PS Mitsubishi Construction Co. Ltd.		213,300		1,238,373
	Punch Industry Co. Ltd.		105,700		539,877
	Quick Co. Ltd.		76,100		960,598
	Raito Kogyo Co. Ltd.		298,200		5,302,645
	Raiznext Corp.		298,800		3,229,542
#	Rasa Corp.		63,200		523,958
	Rheon Automatic Machinery Co. Ltd.		120,500		1,432,716
#	Rix Corp.		17,300		225,912
	Ryobi Ltd.		159,740		1,674,616
	S LINE Co. Ltd.		23,800		197,436
	Sakai Heavy Industries Ltd.		23,300		513,271
	Sakai Moving Service Co. Ltd.		74,100		3,051,346
*	Sanix, Inc.		146,200		434,108
	Sanki Engineering Co. Ltd.		279,900		3,525,448
	Sanko Gosei Ltd.		134,300		484,521
	Sanko Metal Industrial Co. Ltd.		16,200		357,666
	Sankyo Tateyama, Inc.		133,774		872,822
	Sanoyas Holdings Corp.		151,100		180,426
	Sansei Technologies, Inc.		78,400		554,732
	Sansha Electric Manufacturing Co. Ltd.		64,300		616,018
	Sanyo Denki Co. Ltd.		53,600		3,079,340
	Sanyo Engineering & Construction, Inc.		60,200		356,647
	Sanyo Industries Ltd.		9,900		161,823
	Sanyo Trading Co. Ltd.		138,600		1,330,156
	Sata Construction Co. Ltd.		89,399		380,748
	Sato Holdings Corp.		183,400		4,227,311
	Sato Shoji Corp.		86,800		910,691
	Sawafuji Electric Co. Ltd.		1,900		33,508
	SBS Holdings, Inc.		119,400		4,248,059
#	SEC Carbon Ltd.		10,900		556,854
#	Seibu Electric & Machinery Co. Ltd.		10,300		117,614
	Seika Corp.		61,700		889,132
	Seikitokyu Kogyo Co. Ltd.		191,330		1,371,540
	Seiko Electric Co. Ltd.		4,900		54,008
	Seino Holdings Co. Ltd.		102,000		1,235,821
	Seiwa Electric Manufacturing Co. Ltd.		1,700		7,770
	Sekisui Jushi Corp.		211,600		3,942,023
	Senko Group Holdings Co. Ltd.		711,400		6,327,645
#	Senshu Electric Co. Ltd.		51,200		2,139,968
	Shibaura Machine Co. Ltd.		132,500		3,088,711
	Shibusawa Warehouse Co. Ltd.		61,600		1,198,580
	Shibuya Corp.		99,300		2,623,386
	Shima Seiki Manufacturing Ltd.		170,400		3,276,549
	Shin Maint Holdings Co. Ltd.		10,900		140,360
	Shin Nippon Air Technologies Co. Ltd.		92,980		2,000,767
#	Shin-Keisei Electric Railway Co. Ltd.		39,399		712,927
	Shinki Bus Co. Ltd.		1,900		52,255
	Shinmaywa Industries Ltd.		405,900		3,317,454
	Shinnihon Corp.		180,600		1,321,938
	Shinsho Corp.		31,100		951,141
	Shinwa Co. Ltd.		62,300		1,210,758

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Shinwa Co. Ltd.		21,800	$	139,484
	SHO-BOND Holdings Co. Ltd.		135,600		5,680,200
	SIGMAXYZ, Inc.		110,000		2,655,596
	Sinfonia Technology Co. Ltd.		142,400		1,640,885
	Sinko Industries Ltd.		126,900		2,303,413
	Sintokogio Ltd.		284,600		1,870,384
#	Soda Nikka Co. Ltd.		109,200		613,646
	Sodick Co. Ltd.		291,300		2,245,580
	Sotetsu Holdings, Inc.		41,600		804,662
	Space Co. Ltd.		96,562		801,489
	S-Pool, Inc.		365,400		4,086,023
	Star Micronics Co. Ltd.		237,300		3,114,472
	Studio Alice Co. Ltd.		56,600		1,070,749
	Subaru Enterprise Co. Ltd.		6,300		452,767
#	Sugimoto & Co. Ltd.		63,900		1,347,700
#	Sumiseki Holdings, Inc.		363,100		501,858
	Sumitomo Densetsu Co. Ltd.		111,200		2,134,542
	Sumitomo Mitsui Construction Co. Ltd.		986,540		4,186,521
# *	Sumitomo Precision Products Co. Ltd.		20,284		415,712
	Sumitomo Warehouse Co. Ltd.		397,900		6,396,925
	Suzumo Machinery Co. Ltd.		2,200		33,563
	SWCC Showa Holdings Co. Ltd.		136,600		2,661,644
#	Tacmina Corp.		14,700		152,177
	Tadano Ltd.		702,900		7,675,718
	Taihei Dengyo Kaisha Ltd.		95,200		2,248,774
	Taiheiyo Kouhatsu, Inc.		43,500		255,249
	Taikisha Ltd.		161,000		4,598,254
	Taisei Oncho Co. Ltd.		14,900		251,655
#	Takadakiko Co. Ltd.		7,500		180,136
	Takamatsu Construction Group Co. Ltd.		106,800		1,873,962
	Takamatsu Machinery Co. Ltd.		41,800		290,507
#	Takamiya Co. Ltd.		137,800		542,275
	Takano Co. Ltd.		53,000		360,671
	Takaoka Toko Co. Ltd.		67,120		869,487
#	Takara & Co. Ltd.		40,155		627,643
	Takara Standard Co. Ltd.		222,600		2,959,363
	Takasago Thermal Engineering Co. Ltd.		297,900		5,449,706
	Takashima & Co. Ltd.		25,200		414,166
	Takeuchi Manufacturing Co. Ltd.		226,400		5,812,673
	Takigami Steel Construction Co. Ltd.		5,300		274,764
#	Takisawa Machine Tool Co. Ltd.		41,700		409,964
	Takuma Co. Ltd.		173,200		2,265,700
	Tanabe Consulting Co. Ltd.		2,400		15,318
#	Tanabe Engineering Corp.		39,500		313,490
	Tanseisha Co. Ltd.		251,749		2,064,471
	Tatsuta Electric Wire & Cable Co. Ltd.		287,400		1,292,711
	TECHNO ASSOCIE Co. Ltd.		50,100		489,054
#	Techno Ryowa Ltd.		68,690		539,151
	Techno Smart Corp.		49,500		721,868
	Teikoku Electric Manufacturing Co. Ltd.		111,000		1,411,372
	Teikoku Sen-I Co. Ltd.		113,000		2,036,744
	Tekken Corp.		84,200		1,346,332
	Tenox Corp.		22,500		170,520
	Teraoka Seisakusho Co. Ltd.		55,700		183,451
	Terasaki Electric Co. Ltd.		25,500		300,705
#	Toa Corp.		101,900		2,236,266
	TOA ROAD Corp.		27,300		1,213,080
#	Toba, Inc.		9,800		212,048
	Tobishima Corp.		123,770		1,162,296

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Tocalo Co. Ltd.		387,300	$	4,749,398
	Toda Corp.		556,900		3,508,274
	Toenec Corp.		54,400		1,600,971
	Togami Electric Manufacturing Co. Ltd.		17,800		274,726
	TOKAI Holdings Corp.		651,000		4,943,243
	Tokai Lease Co. Ltd.		18,800		265,028
	Tokyo Energy & Systems, Inc.		152,300		1,478,028
#	Tokyo Keiki, Inc.		73,822		650,919
	Tokyo Sangyo Co. Ltd.		130,800		816,101
	Tokyu Construction Co. Ltd.		543,800		3,845,158
#	Toli Corp.		282,400		575,620
	Tomoe Corp.		155,100		622,960
#	Tomoe Engineering Co. Ltd.		51,100		1,022,350
	Tonami Holdings Co. Ltd.		37,500		1,481,780
	Toppan Forms Co. Ltd.		323,800		3,112,963
	Torishima Pump Manufacturing Co. Ltd.		130,700		1,010,084
#	TORQ, Inc.		7,900		15,335
#	Totech Corp.		49,200		1,150,062
	Totetsu Kogyo Co. Ltd.		157,400		3,424,631
	Totoku Electric Co. Ltd.		17,700		460,380
	Toyo Construction Co. Ltd.		520,000		2,602,939
#	Toyo Denki Seizo KK		36,550		344,962
*	Toyo Engineering Corp.		212,178		1,595,393
	Toyo Logistics Co. Ltd.		85,100		249,636
	Toyo Machinery & Metal Co. Ltd.		100,000		473,187
	Toyo Tanso Co. Ltd.		80,600		2,191,148
	Toyo Wharf & Warehouse Co. Ltd.		36,000		454,702
	Trancom Co. Ltd.		48,800		3,424,044
	TRE Holdings Corp.		207,824		3,267,564
#	Trinity Industrial Corp.		36,000		264,736
	Trusco Nakayama Corp.		213,300		5,157,578
	Tsubaki Nakashima Co. Ltd.		270,600		3,789,199
	Tsubakimoto Chain Co.		169,840		5,018,321
	Tsubakimoto Kogyo Co. Ltd.		28,800		976,479
*	Tsudakoma Corp.		17,698		126,114
	Tsugami Corp.		285,300		3,922,354
	Tsukishima Kikai Co. Ltd.		186,600		1,907,793
	Tsurumi Manufacturing Co. Ltd.		126,700		1,952,418
	Ueki Corp.		60,800		792,841
	Union Tool Co.		46,300		1,563,885
	UPR Corp.		4,600		116,910
	Ushio, Inc.		651,100		11,648,428
	UT Group Co. Ltd.		187,200		5,988,258
	Utoc Corp.		102,200		486,890
# *	VisasQ, Inc.		17,700		976,797
	Waida Manufacturing Co. Ltd.		5,100		51,544
	Wakachiku Construction Co. Ltd.		79,300		1,414,827
	Wakita & Co. Ltd.		248,500		2,248,438
#	WDB Holdings Co. Ltd.		64,600		2,036,208
	Weathernews, Inc.		36,500		2,663,708
	Welbe, Inc.		56,500		798,796
	Will Group, Inc.		98,000		1,107,274
	World Holdings Co. Ltd.		50,700		1,266,420
	Yahagi Construction Co. Ltd.		181,400		1,217,185
	YAMABIKO Corp.		226,728		2,470,814
	YAMADA Consulting Group Co. Ltd.		72,700		741,591
	Yamashina Corp.		245,700		170,593
	Yamato Corp.		108,400		746,578
	Yamaura Corp.		12,700		103,432

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Yamazen Corp.		372,600	$	3,452,226
#	Yasuda Logistics Corp.		102,000		868,201
	Yokogawa Bridge Holdings Corp.		208,500		4,202,573
	Yondenko Corp.		54,120		806,130
	Yuasa Trading Co. Ltd.		116,400		3,110,845
	Yuken Kogyo Co. Ltd.		20,500		316,595
	Yurtec Corp.		264,600		1,549,947
	Yushin Precision Equipment Co. Ltd.		23,500		158,727
#	Zaoh Co. Ltd.		25,200		393,837
	Zenitaka Corp.		19,200		680,534
	Zuiko Corp.		94,600		730,180
TOTAL INDUSTRIALS					1,032,367,290
INFORMATION TECHNOLOGY — (15.2%)
	A&D Co. Ltd.		129,500		1,149,843
*	Access Co. Ltd.		111,000		869,587
	Ad-sol Nissin Corp.		47,200		865,145
	Adtec Plasma Technology Co. Ltd.		14,800		301,303
*	Advanced Media, Inc.		42,200		286,438
#	AGS Corp.		13,000		108,001
	Ai Holdings Corp.		246,900		4,660,043
	Aichi Tokei Denki Co. Ltd.		18,200		771,019
	Aiphone Co. Ltd.		66,800		1,380,795
*	Allied Telesis Holdings KK		159,400		130,431
	Alpha Systems, Inc.		45,120		1,722,673
	Alps Alpine Co. Ltd.		1,039,300		10,155,061
	Amano Corp.		201,500		4,986,252
#	Anritsu Corp.		636,100		10,548,092
	AOI Electronics Co. Ltd.		27,700		598,428
	Argo Graphics, Inc.		105,300		2,932,229
	Arisawa Manufacturing Co. Ltd.		212,200		1,807,960
	Artiza Networks, Inc.		9,300		101,056
	ArtSpark Holdings, Inc.		206,000		2,131,171
	Asahi Intelligence Service Co. Ltd.		1,300		15,047
	Ascentech KK		32,000		369,396
	Asteria Corp.		54,900		343,235
#	Atled Corp.		15,700		341,884
#	Avant Corp.		123,900		1,732,671
#	Axell Corp.		34,400		218,950
	Base Co. Ltd.		6,100		257,952
	Bell System24 Holdings, Inc.		218,600		2,808,472
*	BrainPad, Inc.		22,000		1,057,158
#	Broadband Tower, Inc.		105,600		191,383
	Broadleaf Co. Ltd.		591,000		2,836,925
	Business Brain Showa-Ota, Inc.		35,700		613,180
	Business Engineering Corp.		1,800		55,613
	CAC Holdings Corp.		75,200		1,063,940
	Canon Electronics, Inc.		128,500		1,768,754
	CDS Co. Ltd.		15,500		210,050
#	Chino Corp.		45,200		558,124
	Citizen Watch Co. Ltd.		1,771,000		7,723,437
*	CMK Corp.		310,300		1,168,406
	Computer Engineering & Consulting Ltd.		170,100		2,025,157
	Computer Institute of Japan Ltd.		94,700		701,958
	Comture Corp.		143,900		3,902,288
	CONEXIO Corp.		98,700		1,264,963
	Core Corp.		45,800		645,457
	Cresco Ltd.		86,500		1,583,015
	CRI Middleware Co. Ltd.		2,300		27,776

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
#	Cube System, Inc.		60,600	$	533,100
	Cyber Com Co. Ltd.		10,600		116,374
#	Cyberlinks Co. Ltd.		28,400		313,243
	Cybernet Systems Co. Ltd.		81,500		455,031
	Cybozu, Inc.		150,100		3,561,248
	Daiko Denshi Tsushin Ltd.		37,200		162,556
	Daishinku Corp.		169,596		1,506,203
	Daitron Co. Ltd.		55,600		1,106,332
	Daiwabo Holdings Co. Ltd.		582,700		10,258,415
#	Dawn Corp.		4,000		86,721
	Densan System Holdings Co. Ltd.		41,000		925,811
	Dexerials Corp.		380,600		7,699,247
	Digital Arts, Inc.		75,200		6,140,190
	Digital Garage, Inc.		139,900		6,535,286
	Digital Hearts Holdings Co. Ltd.		87,100		1,385,913
	Digital Information Technologies Corp.		57,500		869,122
	DKK Co. Ltd.		63,400		1,403,162
#	DKK-Toa Corp.		31,400		232,205
	Double Standard, Inc.		34,200		1,099,957
	DTS Corp.		261,000		5,791,247
	Ebase Co. Ltd.		99,600		663,506
	E-Guardian, Inc.		62,600		1,719,517
	Eizo Corp.		105,300		4,027,078
	Elecom Co. Ltd.		221,100		3,381,851
	Elematec Corp.		118,242		1,180,001
#	Enomoto Co. Ltd.		30,200		468,055
	Enplas Corp.		55,400		1,469,168
#	ESPEC Corp.		117,700		2,387,507
	Fenwal Controls of Japan Ltd.		20,500		282,483
	Ferrotec Holdings Corp.		232,000		7,782,329
# *	FFRI Security, Inc.		29,500		423,888
	Fixstars Corp.		97,100		661,717
	Focus Systems Corp.		53,700		478,779
#	Forval Corp.		51,100		519,895
	FTGroup Co. Ltd.		51,000		554,244
	Fuji Soft, Inc.		117,700		5,993,700
	Fukui Computer Holdings, Inc.		55,200		1,991,167
	Furuno Electric Co. Ltd.		157,500		1,685,382
#	Furuya Metal Co. Ltd.		7,600		599,355
	Future Corp.		153,600		4,492,369
	Future Innovation Group, Inc.		11,900		32,800
#	Gig Works, Inc.		40,000		222,771
	GL Sciences, Inc.		45,000		1,079,016
	Glosel Co. Ltd.		113,200		411,944
#	GMO Financial Gate, Inc.		5,700		1,480,332
	GMO GlobalSign Holdings KK		34,100		1,404,343
#	GMO Pepabo, Inc.		7,300		174,235
*	Gunosy, Inc.		2,500		14,366
	Hagiwara Electric Holdings Co. Ltd.		49,500		936,169
	Hakuto Co. Ltd.		87,300		1,491,054
# *	Hennge KK		600		29,672
	Himacs Ltd.		960		9,978
	Hioki EE Corp.		66,400		4,637,769
	Hochiki Corp.		91,500		1,004,925
	Hokuriku Electric Industry Co. Ltd.		40,500		368,222
#	Honda Tsushin Kogyo Co. Ltd.		110,100		440,903
	Hosiden Corp.		338,900		3,573,190
*	Hotto Link, Inc.		55,800		319,337
*	HPC Systems, Inc.		17,700		617,283

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	Icom, Inc.		61,000	$	1,297,884
	ID Holdings Corp.		76,250		629,801
	Ikegami Tsushinki Co. Ltd.		32,799		221,034
	I’ll, Inc.		19,400		288,072
	Ines Corp.		125,400		1,832,519
	I-Net Corp.		76,490		889,916
	Infocom Corp.		145,400		2,791,729
	Infomart Corp.		610,100		5,953,569
	Information Services International-Dentsu Ltd.		144,100		5,041,688
	Innotech Corp.		100,800		1,265,513
	Intelligent Wave, Inc.		46,700		241,530
	Inter Action Corp.		58,500		1,259,361
	I-O Data Device, Inc.		50,700		403,935
	I-PEX, Inc.		72,100		1,297,847
	Iriso Electronics Co. Ltd.		131,700		6,050,368
	ISB Corp.		50,400		551,489
# *	ITbook Holdings Co. Ltd.		60,900		254,740
	Itfor, Inc.		172,600		1,347,432
	Iwatsu Electric Co. Ltd.		54,900		432,118
	Japan Aviation Electronics Industry Ltd.		314,700		5,217,975
*	Japan Cash Machine Co. Ltd.		141,800		1,067,051
*	Japan Display, Inc.		482,100		144,306
	Japan Electronic Materials Corp.		61,600		1,039,870
	Japan Material Co. Ltd.		435,800		6,060,313
#	Japan System Techniques Co. Ltd.		13,800		269,489
#	Jastec Co. Ltd.		72,900		833,027
#	JBCC Holdings, Inc.		93,400		1,426,249
	JFE Systems, Inc.		8,700		147,430
# *	JIG-SAW, Inc.		17,300		1,190,347
	Kaga Electronics Co. Ltd.		111,000		3,051,057
	Kanematsu Electronics Ltd.		78,500		2,563,922
	KEL Corp.		27,900		295,842
	Koa Corp.		198,800		2,687,432
	Konica Minolta, Inc.		905,700		4,482,932
	KSK Co. Ltd.		3,000		59,023
	Kyoden Co. Ltd.		116,100		541,486
	Kyosan Electric Manufacturing Co. Ltd.		268,600		1,130,170
	Kyowa Electronic Instruments Co. Ltd.		129,800		463,933
	LAC Co. Ltd.		100,100		700,595
	Macnica Fuji Electronics Holdings, Inc.		342,150		8,043,827
#	Marubun Corp.		112,200		788,648
	Maruwa Co. Ltd.		59,700		6,691,593
	Maxell Holdings Ltd.		305,000		3,670,144
	MCJ Co. Ltd.		432,800		4,872,753
	Megachips Corp.		115,200		3,642,356
	Meiko Electronics Co. Ltd.		134,500		3,732,495
	Melco Holdings, Inc.		34,200		1,413,388
	Micronics Japan Co. Ltd.		120,200		1,591,487
	Mimaki Engineering Co. Ltd.		113,200		925,791
	Mimasu Semiconductor Industry Co. Ltd.		114,781		2,511,424
	Miraial Co. Ltd.		42,100		583,801
	Miroku Jyoho Service Co. Ltd.		112,800		1,780,957
	Mitachi Co. Ltd.		7,900		70,119
	Mitsubishi Research Institute, Inc.		53,500		1,998,208
	Mitsui High-Tec, Inc.		82,200		6,349,206
	m-up Holdings, Inc.		33,900		1,159,034
#	Mutoh Holdings Co. Ltd.		9,300		131,300
	Nagano Keiki Co. Ltd.		88,600		1,022,057
	Naigai Tec Corp.		7,900		200,109

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	Nakayo, Inc.		73,100	$	871,828
	NEC Networks & System Integration Corp.		60,500		973,473
#	NF Holdings Corp.		25,900		332,350
	Nichicon Corp.		313,500		2,966,798
*	Nihon Dempa Kogyo Co. Ltd.		65,000		531,380
	Nihon Denkei Co. Ltd.		31,800		521,062
*	Nippon Chemi-Con Corp.		125,300		2,354,668
	Nippon Computer Dynamics Co. Ltd.		36,200		226,784
	Nippon Electric Glass Co. Ltd.		515,736		13,168,257
#	Nippon Information Development Co. Ltd.		12,600		167,292
#	Nippon Kodoshi Corp.		51,600		1,490,513
	Nippon Signal Co. Ltd.		314,800		2,722,217
	Nippon Systemware Co. Ltd.		48,600		1,065,894
	Nissha Co. Ltd.		245,700		4,025,079
	Nohmi Bosai Ltd.		145,100		2,661,437
#	NPC, Inc.		30,900		188,972
	NSD Co. Ltd.		508,160		9,682,738
#	Ohara, Inc.		48,700		593,915
	Ohizumi Manufacturing Co. Ltd.		22,800		188,393
	Okaya Electric Industries Co. Ltd.		77,800		235,706
	Oki Electric Industry Co. Ltd.		520,900		4,278,739
	ONO Sokki Co. Ltd.		32,200		147,675
	Optex Group Co. Ltd.		169,820		2,162,977
# *	Optim Corp.		76,200		1,198,131
	Optorun Co. Ltd.		128,700		2,608,860
	Oro Co. Ltd.		31,300		1,036,033
	Osaki Electric Co. Ltd.		281,800		1,389,251
	Oval Corp.		35,600		80,548
	PCA Corp.		35,400		537,612
	PCI Holdings, Inc.		45,300		420,764
	Pipedo HD, Inc.		7,700		215,791
	Poletowin Pitcrew Holdings, Inc.		202,800		1,828,587
	Pro-Ship, Inc.		51,100		733,259
	Relia, Inc.		245,600		2,516,746
	Restar Holdings Corp.		127,900		2,137,746
*	Ricksoft Co. Ltd.		2,000		33,670
	Riken Keiki Co. Ltd.		93,800		2,602,773
	Riso Kagaku Corp.		94,500		1,994,437
#	River Eletec Corp.		35,300		387,768
	Roland DG Corp.		82,600		2,169,901
	Rorze Corp.		68,900		6,603,898
	Ryoden Corp.		95,700		1,514,545
	Ryosan Co. Ltd.		142,200		2,931,433
	Ryoyo Electro Corp.		7,300		152,015
#	Saison Information Systems Co. Ltd.		27,400		467,016
	Sakura Internet, Inc.		131,700		679,516
	Sanken Electric Co. Ltd.		89,100		4,684,365
#	Sanshin Electronics Co. Ltd.		102,700		1,474,397
	Santec Corp.		14,800		177,712
#	Satori Electric Co. Ltd.		79,180		702,255
	Saxa Holdings, Inc.		30,600		386,087
	SB Technology Corp.		65,000		1,789,528
#	Scala, Inc.		102,100		620,289
	Segue Group Co. Ltd.		1,900		12,394
	Seikoh Giken Co. Ltd.		23,900		373,713
	SEMITEC Corp.		8,000		826,429
#	SERAKU Co. Ltd.		24,700		459,711
#	Shibaura Electronics Co. Ltd.		52,100		3,007,895
	Shibaura Mechatronics Corp.		24,100		1,551,850

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
*	Shindengen Electric Manufacturing Co. Ltd.		49,300	$	1,755,447
	Shinko Shoji Co. Ltd.		264,600		2,126,597
	Shizuki Electric Co., Inc.		121,600		695,915
	Showa Shinku Co. Ltd.		24,400		330,898
	Sigma Koki Co. Ltd.		28,900		450,855
	Siix Corp.		200,600		2,222,235
	SK-Electronics Co. Ltd.		49,000		396,214
*	Smaregi, Inc.		8,200		261,404
	SMK Corp.		29,199		597,450
#	Softcreate Holdings Corp.		50,000		1,735,882
	Soliton Systems KK		54,100		676,003
#	Solxyz Co. Ltd.		41,000		191,872
	Soshin Electric Co. Ltd.		18,200		125,584
# *	Speee, Inc.		3,600		137,571
	SRA Holdings		72,100		1,842,226
	Sumida Corp.		184,249		2,130,088
# *	Sun*, Inc.		19,500		419,561
	Sun-Wa Technos Corp.		79,800		1,078,616
	Suzuden Corp.		3,400		48,311
	Suzuki Co. Ltd.		73,200		579,365
	System D, Inc.		1,100		13,234
#	System Information Co. Ltd.		54,800		452,888
	System Research Co. Ltd.		29,800		526,293
	System Support, Inc.		19,300		233,588
	Systems Engineering Consultants Co. Ltd.		6,600		130,650
	Systena Corp.		355,300		6,565,859
	Tachibana Eletech Co. Ltd.		110,760		1,496,346
	Takachiho Koheki Co. Ltd.		40,900		437,209
#	TAKEBISHI Corp.		52,200		686,067
#	Tamagawa Holdings Co. Ltd.		7,500		79,504
	Tamura Corp.		444,000		3,050,974
#	Tazmo Co. Ltd.		57,600		848,058
	TDC Soft, Inc.		93,400		1,072,938
*	TeamSpirit, Inc.		1,300		10,813
	TechMatrix Corp.		246,900		3,914,928
#	Techno Horizon Co. Ltd.		56,700		633,054
	Tecnos Japan, Inc.		46,100		246,326
#	Teikoku Tsushin Kogyo Co. Ltd.		51,500		599,176
	Terilogy Co. Ltd.		25,800		90,861
#	TESEC Corp.		22,600		477,626
	TKC Corp.		186,500		5,717,383
	Tobila Systems, Inc.		1,600		15,841
	Toho System Science Co. Ltd.		2,700		23,793
	Tokyo Electron Device Ltd.		45,100		2,736,521
	Tokyo Seimitsu Co. Ltd.		253,800		10,333,728
	Tomen Devices Corp.		17,800		909,114
	Topcon Corp.		684,300		12,200,386
	Torex Semiconductor Ltd.		52,900		1,225,532
	Toshiba TEC Corp.		77,700		3,059,162
	Toukei Computer Co. Ltd.		6,210		256,892
	Towa Corp.		144,600		3,149,409
	Toyo Corp.		149,600		1,414,162
	Transcosmos, Inc.		80,800		2,436,291
#	Tri Chemical Laboratories, Inc.		154,500		4,621,245
	Tsuzuki Denki Co. Ltd.		42,800		681,940
	Ubicom Holdings, Inc.		29,000		737,180
	Uchida Yoko Co. Ltd.		50,500		2,136,365
	ULS Group, Inc.		8,100		399,711
	Ulvac, Inc.		162,300		9,105,840

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	Uniden Holdings Corp.		41,500	$	1,160,825
	UNITED, Inc.		24,200		360,996
	User Local, Inc.		6,200		99,690
#	V Technology Co. Ltd.		56,900		2,145,739
	VINX Corp.		24,100		214,980
	Visco Technologies Corp.		1,700		25,582
	Wacom Co. Ltd.		990,000		6,404,369
#	Wellnet Corp.		54,900		241,290
# *	WILLs, Inc.		34,200		323,237
	Wow World, Inc.		21,700		332,269
*	Writeup Co. Ltd.		11,400		406,356
#	YAC Holdings Co. Ltd.		62,600		521,055
	Yamaichi Electronics Co. Ltd.		151,900		2,332,104
#	Yashima Denki Co. Ltd.		119,500		1,003,049
	YE DIGITAL Corp.		14,400		65,586
	Yokowo Co. Ltd.		108,500		2,411,348
TOTAL INFORMATION TECHNOLOGY					525,226,600
MATERIALS — (11.9%)
	Achilles Corp.		88,900		1,024,397
	ADEKA Corp.		602,400		13,400,601
	Agro-Kanesho Co. Ltd.		2,300		27,388
	Aichi Steel Corp.		70,200		1,635,430
	Arakawa Chemical Industries Ltd.		110,100		1,200,677
	Araya Industrial Co. Ltd.		20,500		313,666
#	Asahi Holdings, Inc.		464,800		8,295,809
	Asahi Printing Co. Ltd.		25,700		192,420
	Asahi Yukizai Corp.		90,600		1,094,833
	Asahipen Corp.		2,100		33,980
	Asia Pile Holdings Corp.		210,800		857,785
	C Uyemura & Co. Ltd.		72,700		3,004,066
	Carlit Holdings Co. Ltd.		131,200		876,347
	Chuetsu Pulp & Paper Co. Ltd.		49,900		515,181
	Chugoku Marine Paints Ltd.		351,700		2,722,412
	CI Takiron Corp.		291,200		1,552,995
	CK-San-Etsu Co. Ltd.		21,800		655,077
	Dai Nippon Toryo Co. Ltd.		129,600		986,185
	Daicel Corp.		890,600		6,668,160
	Daido Steel Co. Ltd.		170,600		6,536,165
	Daiichi Kigenso Kagaku-Kogyo Co. Ltd.		126,400		1,576,248
	Daiken Corp.		77,000		1,682,656
	Daiki Aluminium Industry Co. Ltd.		178,800		2,602,457
	Dainichiseika Color & Chemicals Manufacturing Co. Ltd.		84,300		1,948,610
	Daito Chemix Corp.		20,700		225,164
	DIC Corp.		114,800		3,039,533
	DKS Co. Ltd.		50,800		1,538,565
	Dowa Holdings Co. Ltd.		208,205		8,695,455
	Dynapac Co. Ltd.		8,500		103,714
	Fuji Seal International, Inc.		224,600		4,939,291
	Fujikura Kasei Co. Ltd.		167,500		772,484
	Fujimi, Inc.		40,900		2,572,007
#	Fujimori Kogyo Co. Ltd.		106,900		4,395,464
	Fuso Chemical Co. Ltd.		119,600		5,506,462
*	Geostr Corp.		57,100		180,134
	Godo Steel Ltd.		63,600		840,908
	Gun-Ei Chemical Industry Co. Ltd.		31,700		846,170
	Hakudo Co. Ltd.		43,900		1,112,807
	Harima Chemicals Group, Inc.		96,100		736,391
	Hodogaya Chemical Co. Ltd.		43,000		1,832,506

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
	Hokkan Holdings Ltd.		58,100	$	773,121
	Hokko Chemical Industry Co. Ltd.		119,100		1,045,005
	Hokuetsu Corp.		793,299		5,241,724
	Ise Chemicals Corp.		13,000		450,190
#	Ishihara Chemical Co. Ltd.		71,000		915,662
	Ishihara Sangyo Kaisha Ltd.		227,250		2,505,659
*	Ishizuka Glass Co. Ltd.		12,900		244,143
	Japan Pure Chemical Co. Ltd.		500		12,354
	JCU Corp.		137,200		5,510,568
	JSP Corp.		81,100		1,091,320
	Kaneka Corp.		27,300		1,046,926
	Kanto Denka Kogyo Co. Ltd.		288,300		2,651,845
	Katakura & Co-op Agri Corp.		21,500		223,131
	KeePer Technical Laboratory Co. Ltd.		102,400		2,952,905
	KEIWA, Inc.		8,600		355,313
	KH Neochem Co. Ltd.		229,700		5,903,475
#	Kimoto Co. Ltd.		222,300		453,576
	Koatsu Gas Kogyo Co. Ltd.		194,693		1,312,967
	Kobe Steel Ltd.		1,495,100		8,784,296
	Kohsoku Corp.		70,200		995,094
	Konishi Co. Ltd.		215,600		3,353,444
	Konoshima Chemical Co. Ltd.		37,500		963,095
	Krosaki Harima Corp.		30,400		1,258,343
#	Kumiai Chemical Industry Co. Ltd.		264,287		1,970,766
	Kunimine Industries Co. Ltd.		41,700		410,146
	Kureha Corp.		103,950		6,755,486
	Kurimoto Ltd.		60,500		864,318
	Kuriyama Holdings Corp.		78,000		681,028
	Kyoei Steel Ltd.		141,500		1,745,958
	Kyowa Leather Cloth Co. Ltd.		81,300		487,680
	Lintec Corp.		271,800		6,067,515
	Maeda Kosen Co. Ltd.		119,400		3,463,203
	Maruichi Steel Tube Ltd.		157,800		3,585,490
	MEC Co. Ltd.		97,900		2,696,293
#	Mitani Sekisan Co. Ltd.		67,400		4,276,803
	Mitsubishi Materials Corp.		31,400		609,561
*	Mitsubishi Paper Mills Ltd.		277,700		876,682
#	Mitsubishi Steel Manufacturing Co. Ltd.		58,300		590,040
	Mitsui Mining & Smelting Co. Ltd.		372,700		10,694,693
#	Molitec Steel Co. Ltd.		83,100		313,474
	MORESCO Corp.		39,800		418,989
	Moriroku Holdings Co. Ltd.		8,000		137,309
	Mory Industries, Inc.		34,700		824,916
	Nakayama Steel Works Ltd.		169,700		644,598
	Nasu Denki Tekko Co. Ltd.		3,000		273,752
	Neturen Co. Ltd.		222,100		1,186,859
	New Japan Chemical Co. Ltd.		117,500		319,770
	Nicca Chemical Co. Ltd.		45,700		381,010
#	Nichia Steel Works Ltd.		138,600		359,210
	Nihon Kagaku Sangyo Co. Ltd.		83,100		994,285
	Nihon Nohyaku Co. Ltd.		243,500		1,144,687
	Nihon Parkerizing Co. Ltd.		521,900		5,207,175
	Nihon Yamamura Glass Co. Ltd.		67,600		516,756
	Nippon Carbide Industries Co., Inc.		46,200		559,688
	Nippon Chemical Industrial Co. Ltd.		46,300		1,191,198
	Nippon Concrete Industries Co. Ltd.		293,100		769,653
#	Nippon Denko Co. Ltd.		767,314		2,476,781
#	Nippon Fine Chemical Co. Ltd.		83,400		1,569,198
	Nippon Kayaku Co. Ltd.		501,700		5,283,942

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
	Nippon Light Metal Holdings Co. Ltd.		376,490	$	6,248,701
#	Nippon Paper Industries Co. Ltd.		517,600		5,305,552
	Nippon Pillar Packing Co. Ltd.		134,200		3,275,789
	Nippon Shokubai Co. Ltd.		77,300		4,038,519
	Nippon Soda Co. Ltd.		154,300		4,636,057
	Nippon Yakin Kogyo Co. Ltd.		95,349		2,303,683
	Nitta Gelatin, Inc.		85,500		466,569
	Nittetsu Mining Co. Ltd.		36,300		2,090,878
	Nozawa Corp.		47,500		290,072
	Oat Agrio Co. Ltd.		24,600		458,065
	Okamoto Industries, Inc.		70,500		2,473,979
	Okura Industrial Co. Ltd.		55,200		1,020,700
	Osaka Organic Chemical Industry Ltd.		102,400		3,068,500
	Osaka Soda Co. Ltd.		93,799		2,383,722
	Osaka Steel Co. Ltd.		89,300		912,020
*	OSAKA Titanium Technologies Co. Ltd.		160,600		1,104,040
	Pacific Metals Co. Ltd.		92,999		1,685,691
	Pack Corp.		87,200		2,316,647
	Rasa Industries Ltd.		45,700		748,261
	Rengo Co. Ltd.		675,100		5,119,368
	Riken Technos Corp.		234,800		1,128,465
	Sakai Chemical Industry Co. Ltd.		102,500		1,910,126
	Sakata INX Corp.		285,100		2,754,116
	Sanyo Chemical Industries Ltd.		93,800		4,644,480
	Sanyo Special Steel Co. Ltd.		131,960		2,176,162
	Seiko PMC Corp.		78,300		535,449
	Sekisui Kasei Co. Ltd.		150,000		749,098
	Shikoku Chemicals Corp.		231,100		2,840,009
	Shinagawa Refractories Co. Ltd.		37,800		1,292,706
	Shin-Etsu Polymer Co. Ltd.		286,200		2,585,179
	SK Kaken Co. Ltd.		1,200		398,989
	Soken Chemical & Engineering Co. Ltd.		48,400		753,369
	Stella Chemifa Corp.		65,600		1,646,812
	Sumitomo Bakelite Co. Ltd.		192,800		8,664,946
#	Sumitomo Osaka Cement Co. Ltd.		226,899		6,357,906
	Sumitomo Seika Chemicals Co. Ltd.		56,400		1,606,361
	T Hasegawa Co. Ltd.		209,300		5,111,215
#	T&K Toka Co. Ltd.		134,300		954,368
	Taiheiyo Cement Corp.		32,800		696,877
	Taisei Lamick Co. Ltd.		42,300		1,018,272
	Taiyo Holdings Co. Ltd.		229,200		6,127,505
	Takasago International Corp.		87,000		2,267,389
	Takemoto Yohki Co. Ltd.		43,800		361,867
#	Taoka Chemical Co. Ltd.		23,500		360,289
	Tayca Corp.		103,900		1,199,127
	Tenma Corp.		116,800		2,781,682
#	Titan Kogyo Ltd.		5,100		80,138
	Toagosei Co. Ltd.		740,500		8,275,887
*	Toda Kogyo Corp.		1,400		40,087
#	Toho Acetylene Co. Ltd.		12,700		136,871
	Toho Chemical Industry Co. Ltd.		47,000		210,277
	Toho Titanium Co. Ltd.		231,000		2,432,371
#	Toho Zinc Co. Ltd.		89,899		2,457,333
	Tohoku Steel Co. Ltd.		16,300		248,204
	Tokushu Tokai Paper Co. Ltd.		64,258		2,505,743
	Tokuyama Corp.		385,498		6,601,404
	Tokyo Printing Ink Manufacturing Co. Ltd.		10,200		200,311
*	Tokyo Rope Manufacturing Co. Ltd.		45,400		353,027
	Tokyo Steel Manufacturing Co. Ltd.		615,600		6,850,242

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
	Tokyo Tekko Co. Ltd.		61,900	$	809,987
*	Tomoegawa Co. Ltd.		29,600		219,252
	Tomoku Co. Ltd.		70,600		1,190,794
	Topy Industries Ltd.		88,200		924,810
	Toyo Gosei Co. Ltd.		31,100		4,326,985
	Toyo Ink SC Holdings Co. Ltd.		240,100		4,228,432
	Toyo Seikan Group Holdings Ltd.		324,300		3,850,750
	Toyobo Co. Ltd.		523,000		6,279,837
	TYK Corp.		148,500		419,885
*	UACJ Corp.		208,841		4,840,357
	Ube Industries Ltd.		430,100		8,013,345
	Valqua Ltd.		108,399		2,187,573
	Vertex Corp.		45,998		1,224,403
	Wavelock Holdings Co. Ltd.		30,900		181,502
#	Wood One Co. Ltd.		40,897		406,321
# *	W-Scope Corp.		31,100		248,910
	Yamato Kogyo Co. Ltd.		253,200		8,489,870
	Yodogawa Steel Works Ltd.		142,600		3,115,848
#	Yotai Refractories Co. Ltd.		119,200		1,342,698
	Yushiro Chemical Industry Co. Ltd.		67,000		704,990
TOTAL MATERIALS					409,401,689
REAL ESTATE — (1.7%)
	AD Works Group Co. Ltd.		219,879		314,801
	Airport Facilities Co. Ltd.		143,970		736,221
	Anabuki Kosan, Inc.		16,400		297,704
	Aoyama Zaisan Networks Co. Ltd.		90,200		931,458
	Apaman Co. Ltd.		75,900		353,134
#	Ardepro Co. Ltd.		70,700		33,548
	Arealink Co. Ltd.		29,600		402,828
#	B-Lot Co. Ltd.		40,000		196,952
	Cosmos Initia Co. Ltd.		94,400		341,036
#	CRE, Inc.		20,300		318,456
	Daibiru Corp.		312,700		4,351,454
#	Dear Life Co. Ltd.		152,600		766,783
	Goldcrest Co. Ltd.		103,270		1,479,651
#	Good Com Asset Co. Ltd.		42,500		508,515
	Grandy House Corp.		95,600		407,699
	Heiwa Real Estate Co. Ltd.		228,000		7,198,186
	Ichigo, Inc.		756,500		2,264,633
*	Japan Asset Marketing Co. Ltd.		1,077,900		992,706
#	Japan Property Management Center Co. Ltd.		86,300		875,501
#	JSB Co. Ltd.		19,500		492,295
	Katitas Co. Ltd.		119,300		4,356,090
	Keihanshin Building Co. Ltd.		214,600		2,680,979
	Loadstar Capital KK		9,200		73,810
# *	Mirainovate Co. Ltd.		285,540		569,079
	Mugen Estate Co. Ltd.		64,200		276,610
	Nippon Commercial Development Co. Ltd.		84,600		1,284,980
	Nisshin Group Holdings Co. Ltd.		210,700		942,246
#	Property Agent, Inc.		9,200		222,816
#	Raysum Co. Ltd.		97,800		618,946
	SAMTY Co. Ltd.		180,350		4,010,535
	Sankyo Frontier Co. Ltd.		24,600		1,182,252
	Sansei Landic Co. Ltd.		29,100		212,886
	Shinoken Group Co. Ltd.		112,600		1,112,802
*	SRE Holdings Corp.		25,400		1,764,552
	Star Mica Holdings Co. Ltd.		87,800		1,162,116
	Starts Corp., Inc.		224,000		5,382,885

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
REAL ESTATE — (Continued)
	Sun Frontier Fudousan Co. Ltd.		202,800	$	1,903,107
	Sunnexta Group, Inc.		11,700		112,580
	Takara Leben Co. Ltd.		547,800		1,492,822
	Tenpo Innovation Co. Ltd.		3,100		25,589
	TOC Co. Ltd.		318,850		1,787,536
	Tokyo Rakutenchi Co. Ltd.		19,800		706,541
*	Tokyo Theatres Co., Inc.		47,099		518,617
	Tosei Corp.		202,900		1,950,435
	Urbanet Corp. Co. Ltd.		92,700		252,564
	Yoshicon Co. Ltd.		3,100		31,005
TOTAL REAL ESTATE					57,897,941
UTILITIES — (1.5%)
#	EF-ON, Inc.		88,520		647,868
	Electric Power Development Co. Ltd.		54,500		720,468
#	eRex Co. Ltd.		194,300		4,449,289
	Hiroshima Gas Co. Ltd.		322,200		1,059,848
#	Hokkaido Electric Power Co., Inc.		1,163,200		4,834,096
	Hokkaido Gas Co. Ltd.		98,500		1,319,254
#	Hokuriku Electric Power Co.		991,200		4,719,864
#	Hokuriku Gas Co. Ltd.		10,100		277,241
	K&O Energy Group, Inc.		100,400		1,438,692
	Nippon Gas Co. Ltd.		684,000		8,484,055
	Okinawa Electric Power Co., Inc.		300,516		3,686,854
	Saibu Gas Holdings Co. Ltd.		223,200		4,557,562
	Shikoku Electric Power Co., Inc.		656,500		4,275,643
	Shizuoka Gas Co. Ltd.		334,900		3,532,655
#	Toell Co. Ltd.		57,500		405,527
	West Holdings Corp.		143,603		8,026,221
TOTAL UTILITIES					52,435,137
TOTAL COMMON STOCKS
Cost ($ 2,886,201,109)					3,387,960,476
					Value†
SECURITIES LENDING COLLATERAL — (1.8%)
@ §	The DFA Short Term Investment Fund		5,314,587		61,489,772
TOTAL INVESTMENTS — (100.0%)
(Cost $ 2,947,678,139)				$	3,449,450,248

ST Special Tax

» Securities that have been fair value factored. See Note B to Financial Statements.

# Total or Partial Securities on Loan.

* Non-Income Producing Securities.

†† Security valued using significant unobservable inputs (Level 3).

† See Note B to Financial Statements.

@ Security purchased with cash collateral received from Securities on Loan.

§ Affiliated Fund.

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

Summary of the Series’ investments as of October 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		—	$	105,693,477		—	$	105,693,477
Consumer Discretionary		—		488,751,508		—		488,751,508
Consumer Staples		—		248,614,645		—		248,614,645
Energy		—		32,702,071		—		32,702,071
Financials		—		283,675,745		—		283,675,745
Health Care		—		151,194,373		—		151,194,373
Industrials	$	15,163,165		1,017,204,125		—		1,032,367,290
Information Technology		—		525,226,600		—		525,226,600
Materials		—		409,401,689		—		409,401,689
Real Estate		—		57,897,941		—		57,897,941
Utilities		—		52,435,137		—		52,435,137
Securities Lending Collateral		—		61,489,772		—		61,489,772
TOTAL	$	15,163,165	$	3,434,287,083		—	$	3,449,450,248

THE ASIA PACIFIC SMALL COMPANY SERIES    

SCHEDULE OF INVESTMENTS

October 31, 2021

		Shares		Value»
COMMON STOCKS — (97.8%)
AUSTRALIA — (59.7%)
*	3P Learning Ltd.		93,233	$	98,463
#	5G Networks Ltd.		35,296		24,866
*	A2B Australia Ltd.		335,289		336,166
	Accent Group Ltd.		2,156,788		4,038,158
	Adairs Ltd.		929,029		2,592,949
	Adbri Ltd.		2,286,093		5,145,901
# *	Advance NanoTek Ltd.		9,653		25,602
	AGL Energy Ltd.		1,811,920		7,814,139
*	Ainsworth Game Technology Ltd.		484,397		493,147
# *	Alcidion Group Ltd.		407,251		117,592
# *	Alkane Resources Ltd.		3,127,231		2,097,776
*	Alliance Aviation Services Ltd.		254,500		715,010
	Altium Ltd.		49,728		1,385,255
# * ††	Altura Mining Ltd.		1,171,741		11,573
# *	AMA Group Ltd.		3,939,054		1,447,278
# *	American Pacific Borates Ltd.		10,282		14,229
*	AMP Ltd.		12,893,152		10,548,526
	Ansell Ltd.		244,194		5,846,649
	Appen Ltd.		398,987		3,251,157
*	Arafura Resources Ltd.		4,637,893		773,535
	ARB Corp. Ltd.		521,174		19,195,274
# *	Archer Materials Ltd.		367,184		406,489
# *	Ardent Leisure Group Ltd.		3,156,808		3,568,580
# *	Argosy Minerals Ltd.		1,030,094		226,973
*	Atomos Ltd.		322,939		341,539
	AUB Group Ltd.		496,714		8,186,503
# *	Audinate Group Ltd.		29,694		190,140
# *	Aurelia Metals Ltd.		6,805,751		1,935,915
	Austal Ltd.		2,278,005		3,237,704
	Austin Engineering Ltd.		129,055		22,818
# *	Australian Agricultural Co. Ltd.		3,315,760		3,944,294
#	Australian Ethical Investment Ltd.		129,906		1,342,427
	Australian Finance Group Ltd.		1,528,544		3,038,060
*	Australian Mines Ltd.		11,430,790		207,644
	Australian Pharmaceutical Industries Ltd.		2,800,624		3,181,008
*	Australian Potash Ltd.		426,553		36,901
# *	Australian Strategic Materials Ltd.		493,304		3,963,946
#	Australian Vintage Ltd.		3,159,274		1,984,709
	Auswide Bank Ltd.		135,553		699,858
#	Ava Risk Group Ltd.		27,751		9,422
#	AVJennings Ltd.		5,865,445		2,692,622
# *	AVZ Minerals Ltd.		1,847,793		496,027
* ††	Axsesstoday Ltd.		1,687		1
	Baby Bunting Group Ltd.		694,130		3,093,507
*	Bannerman Energy Ltd.		831,485		203,451
	Bapcor Ltd.		2,189,248		13,204,770
	Base Resources Ltd.		746,976		171,432
*	BCI Minerals Ltd.		1,088,804		415,538
#	Beach Energy Ltd.		7,632,087		8,017,554
	Beacon Lighting Group Ltd.		304,846		502,196
	Beacon Minerals Ltd.		1,286,438		30,829
	Bega Cheese Ltd.		1,973,378		8,082,900
	Bell Financial Group Ltd.		578,495		794,941
*	Bellevue Gold Ltd.		4,080,885		2,627,276
*	Betmakers Technology Group Ltd.		1,239,988		1,152,065
# *	Bigtincan Holdings Ltd.		1,280,517		1,134,987
*	Bionomics Ltd.		160,677		15,249

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
*	Black Rock Mining Ltd.		1,277,236	$	203,143
	Blackmores Ltd.		94,090		6,715,355
*	Boss Energy Ltd.		1,063,759		244,834
*	Botanix Pharmaceuticals Ltd.		688,967		31,322
	Bravura Solutions Ltd.		1,850,954		3,899,162
#	Breville Group Ltd.		681,670		15,172,506
	Brickworks Ltd.		486,532		8,731,553
	BWX Ltd.		911,626		3,204,521
*	Byron Energy Ltd.		89,192		9,420
*	Calidus Resources Ltd.		690,973		315,124
*	Calima Energy Ltd.		199,846		34,101
*	Calix Ltd.		399,626		1,566,067
	Capitol Health Ltd.		4,669,615		1,191,282
	Capral Ltd.		24,873		149,591
# *	Capricorn Metals Ltd.		774,872		1,496,820
*	Carbon Revolution Ltd.		44,883		35,542
	Cardno Ltd.		1,141,887		1,307,483
# *	Carnarvon Petroleum Ltd.		4,042,505		1,037,052
	Carsales.com Ltd.		553,743		10,362,825
#	Cash Converters International Ltd.		2,766,362		605,518
# *	Catapult Group International Ltd.		401,552		535,977
††	CDS Technologies Ltd.		13,276		0
	Cedar Woods Properties Ltd.		445,757		2,008,116
*	Central Petroleum Ltd.		759,474		69,002
††	Centrebet Litigatation		81,336		0
	Centrebet Litigatation		81,336		0
#	Centuria Capital Group		1,210,015		2,940,796
	Challenger Ltd.		2,321,555		12,194,726
*	Champion Iron Ltd.		1,088,458		3,635,725
*	City Chic Collective Ltd.		819,807		3,836,352
#	Class Ltd.		492,033		1,082,402
*	Clean Seas Seafood Ltd.		231,488		109,201
	Cleanaway Waste Management Ltd.		2,233,919		4,543,249
	ClearView Wealth Ltd.		79,552		47,260
	Clinuvel Pharmaceuticals Ltd.		201,161		5,894,864
#	Clover Corp. Ltd.		649,584		784,710
*	Cobalt Blue Holdings Ltd.		345,926		113,762
	Codan Ltd.		670,501		5,112,896
# *	Collection House Ltd.		2,084,920		251,532
	Collins Foods Ltd.		745,683		7,239,549
*	Comet Ridge Ltd.		455,837		41,254
# *	Cooper Energy Ltd.		11,268,438		2,462,545
# *	Core Lithium Ltd.		756,237		327,416
*	Corporate Travel Management Ltd.		650,080		12,044,252
	Costa Group Holdings Ltd.		2,751,728		6,084,280
	Credit Corp. Group Ltd.		442,571		10,527,755
	CSR Ltd.		3,109,441		13,958,892
*	Cynata Therapeutics Ltd.		78,248		36,307
*	Dacian Gold Ltd.		808,363		139,694
*	Danakali Ltd.		618,097		227,582
	Data#3 Ltd.		1,010,106		4,328,836
*	De Grey Mining Ltd.		1,668,250		1,387,786
*	Decmil Group Ltd.		508,303		120,806
# *	Deep Yellow Ltd.		571,545		431,532
	Deterra Royalties Ltd.		1,940,354		5,707,392
*	Develop Global Ltd.		75,746		35,838
#	Dicker Data Ltd.		331,254		3,756,117
	Domain Holdings Australia Ltd.		1,497,814		6,506,081
	Downer EDI Ltd.		2,071,013		9,901,826

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
	Eagers Automotive Ltd.		775,292	$	8,710,647
	Earlypay Ltd.		819,564		284,314
# *	Eclipx Group Ltd.		2,070,131		3,906,097
*	Ecofibre Ltd.		75,087		42,977
# *	Ecograf Ltd.		1,661,115		769,431
	Elanor Investor Group		286,472		463,691
	Elders Ltd.		1,009,369		9,169,814
# *	Electro Optic Systems Holdings Ltd.		454,671		1,095,211
*	Element 25 Ltd.		9,948		12,736
*	Elixir Energy Ltd.		2,250,692		442,807
*	Elmo Software Ltd.		3,116		12,478
	Emeco Holdings Ltd.		2,062,540		1,716,370
# *	EML Payments Ltd.		958,009		2,149,486
*	Energy Resources of Australia Ltd.		361,125		111,555
	Enero Group Ltd.		135,463		404,122
*	EnviroSuite Ltd.		1,131,191		187,897
	EQT Holdings Ltd.		119,114		2,531,775
	Estia Health Ltd.		1,663,088		2,629,983
	Eureka Group Holdings Ltd.		28,507		14,568
*	European Lithium Ltd.		239,881		24,361
	Euroz Ltd.		234,646		287,795
*	EVENT Hospitality & Entertainment Ltd.		546,035		6,759,184
*	Experience Co. Ltd.		75,480		20,510
	FAR Ltd.		127,715		78,955
	Finbar Group Ltd.		322,817		202,147
	Fleetwood Ltd.		513,721		923,513
# *	Flight Centre Travel Group Ltd.		448,941		6,793,392
*	Fluence Corp. Ltd.		116,395		15,747
# *	Freedom Foods Group Ltd.		362,595		128,223
*	Frontier Digital Ventures Ltd.		521,138		708,815
*	Future Metals NL		149,771		20,176
# *	G8 Education Ltd.		5,772,165		4,797,352
# *	Galan Lithium Ltd.		1,338,234		1,275,712
# *	Genetic Signatures Ltd.		118,531		124,063
*	Genex Power Ltd.		799,280		123,741
	Genworth Mortgage Insurance Australia Ltd.		2,014,114		3,499,007
*	Geopacific Resources Ltd.		33,316		7,741
#	Gold Road Resources Ltd.		5,348,824		5,547,749
	GR Engineering Services Ltd.		151,531		201,056
	GrainCorp Ltd., Class A		1,547,172		7,353,101
	Grange Resources Ltd.		1,717,658		740,842
# *	Greenland Minerals Ltd.		1,692,337		154,373
*	GTN Ltd.		15,394		5,975
	GUD Holdings Ltd.		769,603		7,123,001
	GWA Group Ltd.		1,516,127		3,112,270
	Hansen Technologies Ltd.		1,293,047		6,174,732
	Healius Ltd.		3,973,423		14,549,415
# *	Helloworld Travel Ltd.		51,370		105,407
*	Highfield Resources Ltd.		198,321		93,736
	Horizon Oil Ltd.		714,889		49,345
*	Hot Chili Ltd.		2,596,076		93,882
	HT&E Ltd.		1,686,962		2,443,876
#	HUB24 Ltd.		293,685		7,055,708
# *	Humm Group Ltd.		2,480,303		1,654,978
*	IDT Australia Ltd.		568,002		241,713
	IGO Ltd.		284,609		2,084,139
	Iluka Resources Ltd.		1,999,707		14,266,701
	Image Resources NL		371,646		54,523
	Imdex Ltd.		2,736,338		5,913,026

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
*	Immutep Ltd.		218,170	$	94,477
# *	ImpediMed Ltd.		417,437		58,073
	Infomedia Ltd.		2,799,017		2,915,593
#	Inghams Group Ltd.		2,191,759		6,148,038
	Intega Group Ltd.		1,127,842		764,773
	Integral Diagnostics Ltd.		1,113,404		3,937,504
*	Integrated Research Ltd.		791,910		907,513
*	Investigator Resources Ltd.		686,170		36,209
#	InvoCare Ltd.		945,502		8,100,895
*	ioneer Ltd.		9,580,838		4,958,516
	IOOF Holdings Ltd.		3,815,495		11,809,268
# *	IOUpay Ltd.		1,476,593		281,813
	IPH Ltd.		1,243,670		8,077,932
	IRESS Ltd.		1,225,060		11,168,044
	iSelect Ltd.		33,051		8,692
# *	iTech Minerals Pty Ltd.		61,274		12,676
	IVE Group Ltd.		580,082		782,036
*	Japara Healthcare Ltd.		1,594,623		1,679,378
# *	Jervois Global Ltd.		88,121		37,781
	Johns Lyng Group Ltd.		843,057		4,120,559
	Jumbo Interactive Ltd.		208,843		2,634,840
#	Jupiter Mines Ltd.		5,368,466		949,277
# *	Kalium Lakes Ltd.		348,799		46,200
# *	Karoon Energy Ltd.		3,575,159		4,919,065
*	KGL Resources Ltd.		143,604		70,480
# *	Kingsgate Consolidated Ltd.		1,079,815		1,308,704
#	Kogan.com Ltd.		451,741		3,405,352
*	Lake Resources NL		3,016,744		2,152,366
††	Lednium Technology Pty Ltd.		195,019		0
*	Legend Mining Ltd.		2,176,273		111,275
#	Lifestyle Communities Ltd.		337,712		5,575,753
	Link Administration Holdings Ltd.		2,206,818		7,266,102
# *	Livetiles Ltd.		344,818		32,761
#	Lovisa Holdings Ltd.		267,240		4,404,921
	Lycopodium Ltd.		42,182		139,594
*	Lynas Rare Earths Ltd.		1,615,350		9,011,232
	MA Financial Group Ltd.		150,840		930,671
	MACA Ltd.		1,622,774		936,880
*	Mach7 Technologies Ltd.		42,643		30,293
	Macmahon Holdings Ltd.		5,696,509		881,273
*	Macquarie Telecom Group Ltd.		8,100		434,465
*	Maggie Beer Holdings Ltd.		213,500		67,302
*	Matador Mining Ltd.		63,503		18,114
*	MaxiPARTS Ltd.		22,360		62,319
# *	Mayne Pharma Group Ltd.		9,518,774		2,439,668
	McMillan Shakespeare Ltd.		519,015		5,370,379
#	McPherson’s Ltd.		653,702		476,136
# *	Medical Developments International Ltd.		100,861		374,373
	Medusa Mining Ltd.		666,839		383,736
*	Megaport Ltd.		511,015		6,915,722
# *	Mesoblast Ltd.		2,382,780		2,867,965
# *	Metals X Ltd.		3,689,106		1,006,282
#	Metcash Ltd.		6,296,220		19,404,717
#	Michael Hill International Ltd.		1,490,263		1,111,847
# *	Mincor Resources NL		1,623,722		1,686,140
*	MMA Offshore Ltd.		1,249,410		411,196
#	MNF Group Ltd.		243,952		1,308,863
#	Monadelphous Group Ltd.		566,488		4,320,825
	Monash IVF Group Ltd.		1,738,681		1,232,837

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
	Money3 Corp. Ltd.		1,319,770	$	3,311,827
*	MoneyMe Ltd.		55,212		87,307
* ††	Morning Star Gold NL		332,749		0
	Motorcycle Holdings Ltd.		85,112		201,357
	Mount Gibson Iron Ltd.		3,904,651		1,242,784
††	Myanmar Metals Ltd.		49,486		9,772
*	Myer Holdings Ltd.		3,915,011		1,596,804
	MyState Ltd.		669,272		2,625,631
# *	Nanosonics Ltd.		931,208		4,184,954
	Navigator Global Investments Ltd.		901,466		1,275,679
# *	Nearmap Ltd.		3,251,840		5,447,079
# *	Neometals Ltd.		1,542,276		1,206,777
	Netwealth Group Ltd.		494,275		6,496,173
*	New Century Resources Ltd.		1,368,711		159,705
#	New Energy Solar		166,241		100,374
#	New Hope Corp. Ltd.		2,522,847		3,822,628
	nib holdings Ltd.		2,951,426		14,861,717
#	Nick Scali Ltd.		406,481		4,431,853
	Nickel Mines Ltd.		2,922,992		2,315,357
	Nine Entertainment Co. Holdings Ltd.		2,055,509		4,304,772
*	Nitro Software Ltd.		66,552		188,135
*	Novonix Ltd.		795,568		4,479,579
*	Noxopharm Ltd.		6,703		2,646
	NRW Holdings Ltd.		3,118,446		4,324,906
*	Nufarm Ltd.		1,868,539		6,153,549
	Objective Corp. Ltd.		41,344		651,081
	OFX Group Ltd.		1,725,518		2,069,627
*	Oklo Resources Ltd.		202,639		19,710
*	OM Holdings Ltd.		499,991		407,426
# *	Omni Bridgeway Ltd.		2,340,733		5,500,579
*	oOh!media Ltd.		3,417,957		4,691,493
*	Opthea Ltd.		748,332		724,072
*	Ora Banda Mining Ltd.		469,099		29,947
	Ora Banda Mining Ltd.		99,291		6,349
*	Orbital Corp. Ltd.		16,624		7,564
*	OreCorp Ltd.		130,901		64,878
*	Orocobre Ltd.		2,264,756		15,294,789
	Orora Ltd.		5,931,076		14,837,472
	Over the Wire Holdings Ltd.		49,802		202,624
	OZ Minerals Ltd.		418,051		7,952,112
	Pacific Current Group Ltd.		274,288		1,571,148
#	Pacific Smiles Group Ltd.		272,678		594,580
	Pact Group Holdings Ltd.		1,422,949		3,325,317
*	Paladin Energy Ltd.		8,765,451		5,825,099
*	Panoramic Resources Ltd.		9,516,699		1,725,741
# *	Pantoro Ltd.		2,479,808		408,279
*	Paradigm Biopharmaceuticals Ltd.		41,528		64,447
*	Peak Resources Ltd.		224,220		12,021
	Peet Ltd.		1,192,399		965,213
	Pendal Group Ltd.		2,058,779		10,413,306
# *	Peninsula Energy Ltd.		3,332,209		668,858
	People Infrastructure Ltd.		224,358		750,001
	Perenti Global Ltd.		4,332,628		3,354,171
	Perpetual Ltd.		376,124		10,750,588
*	Perseus Mining Ltd.		8,114,950		9,622,883
	Pinnacle Investment Management Group Ltd.		437,023		5,683,902
	Platinum Asset Management Ltd.		1,941,364		4,483,164
*	Poseidon Nickel Ltd.		9,770,353		691,281
# *	PPK Group Ltd.		22,761		224,446

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
# *	Praemium Ltd.		2,097,349	$	1,891,114
	Premier Investments Ltd.		458,786		10,647,565
#	Pro Medicus Ltd.		172,427		6,963,198
	Probiotec Ltd.		59,324		98,516
	Pro-Pac Packaging Ltd.		72,722		12,065
#	Propel Funeral Partners Ltd.		126,331		399,633
# *	Prospect Resources Ltd.		1,167,946		372,224
#	PSC Insurance Group Ltd.		148,932		513,367
	PWR Holdings Ltd.		441,250		3,140,720
*	PYC Therapeutics Ltd.		389,981		40,874
	QANTM Intellectual Property Ltd.		63,524		58,857
	Ramelius Resources Ltd.		4,854,858		5,791,920
*	ReadyTech Holdings Ltd.		174,702		497,108
#	Reckon Ltd.		391,834		304,981
*	Red 5 Ltd.		7,536,119		1,469,236
# *	Redbubble Ltd.		759,347		2,384,618
#	Regis Healthcare Ltd.		932,213		1,379,333
	Regis Resources Ltd.		4,825,314		7,236,274
*	Reject Shop Ltd.		150,958		789,573
	Reliance Worldwide Corp. Ltd.		3,629,454		15,959,122
#	Resimac Group Ltd.		61,439		79,372
# *	Resolute Mining Ltd.		8,007,059		2,516,395
*	Retail Food Group Ltd.		9,756,332		588,384
*	Rex Minerals Ltd.		26,619		5,238
	Ridley Corp. Ltd.		1,862,695		1,864,851
*	RPMGlobal Holdings Ltd.		778,285		1,148,582
# *	Rumble Resources Ltd.		178,014		60,292
* ††	Salmat Ltd.		667,137		0
	Sandfire Resources Ltd.		2,725,681		11,481,645
*	SciDev Ltd.		122,828		66,526
	SeaLink Travel Group Ltd.		397,469		2,201,979
*	SECOS Group Ltd.		230,520		49,025
	Select Harvests Ltd.		880,705		4,922,645
#	Senex Energy Ltd.		1,216,209		4,063,686
#	Servcorp Ltd.		342,954		1,044,709
	Service Stream Ltd.		3,861,053		2,552,107
# *	Seven West Media Ltd.		5,839,397		2,014,759
#	SG Fleet Group Ltd.		536,168		1,031,205
	Shaver Shop Group Ltd.		582,158		450,477
*	Sheffield Resources Ltd.		129,910		32,306
	Shine Justice Ltd.		53,871		53,707
	Shriro Holdings Ltd.		24,206		19,136
	Sigma Healthcare Ltd.		6,192,917		2,655,513
*	Silex Systems Ltd.		51,736		51,534
# *	Silver Lake Resources Ltd.		5,791,755		7,334,685
# *	Silver Mines Ltd.		1,151,777		188,699
	Sims Ltd.		1,175,465		12,796,166
	SmartGroup Corp. Ltd.		865,067		5,236,968
# *	SomnoMed Ltd.		25,160		49,114
	Southern Cross Electrical Engineering Ltd.		250,621		124,517
	Southern Cross Media Group Ltd.		1,561,488		2,740,131
	Spark Infrastructure Group		10,978,157		23,274,771
# * ††	Speedcast International Ltd.		1,497,915		0
*	Spirit Technology Solutions Ltd.		391,679		79,955
#	SRG Global Ltd.		330,321		128,011
#	St Barbara Ltd.		4,977,669		5,473,442
*	Star Entertainment Grp Ltd.		3,941,041		10,951,914
*	Starpharma Holdings Ltd.		106,110		84,213
	Steadfast Group Ltd.		3,596,653		12,654,068

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
# *	Strike Energy Ltd.		3,623,606	$	465,726
	Sunland Group Ltd.		1,168,149		2,365,388
# *	Sunrise Energy Metals Ltd.		8,693		12,440
*	Sunstone Metals Ltd.		1,366,035		69,074
	Super Retail Group Ltd.		1,085,264		10,646,830
*	Superloop Ltd.		1,763,737		1,715,468
*	Syrah Resources Ltd.		3,222,455		3,071,116
	Tassal Group Ltd.		1,531,815		4,103,350
	Technology One Ltd.		1,674,190		15,547,005
# *	Temple & Webster Group Ltd.		225,148		2,169,205
* ††	Tiger Resources Ltd.		9,447,997		1,421
	Tribune Resources Ltd.		14,725		54,519
# *	Tyro Payments Ltd.		2,006,948		6,130,610
	United Malt Grp Ltd.		1,771,214		5,420,371
*	Uniti Group Ltd.		2,112,317		6,509,992
	VGI Partners Ltd.		7,907		29,526
††	Virgin Australia Holdings Ltd.		7,648,897		0
	Virtus Health Ltd.		589,189		2,468,172
	Vita Group Ltd.		865,126		540,169
W	Viva Energy Group Ltd.		3,849,100		6,781,472
# *	Viva Leisure Ltd.		84,215		144,962
# *	Vmoto Ltd.		267,457		83,996
# *	Volpara Health Technologies Ltd.		225,102		203,202
*	VRX Silica Ltd.		1,325,475		199,075
*	Wagners Holding Co. Ltd.		122,838		165,171
*	Walkabout Resources Ltd.		632,601		95,635
# *	Warrego Energy Ltd.		86,865		8,890
*	Webjet Ltd.		2,061,672		9,866,315
*	West African Resources Ltd.		4,328,674		4,205,910
	West African Resources Ltd.		495,169		484,238
	Western Areas Ltd.		2,254,139		5,397,436
	Westgold Resources Ltd.		2,445,087		3,577,865
# *	Whispir Ltd.		121,430		211,291
*	Whitehaven Coal Ltd.		5,382,983		10,652,888
*	Widgie Nickel Ltd.		265,653		45,963
*	Wiluna Mining Corp. Ltd.		48,336		37,372
# *	Zip Co. Ltd.		1,986,170		9,816,301
TOTAL AUSTRALIA					1,109,683,609
CHINA — (0.0%)
*	FIH Mobile Ltd.		611,000		95,045
	TK Group Holdings Ltd.		116,000		43,918
TOTAL CHINA					138,963
HONG KONG — (21.0%)
*	Aceso Life Science Group Ltd.		18,044,400		467,944
	Aeon Credit Service Asia Co. Ltd.		986,000		635,668
	Allied Group Ltd.		12,302,000		4,523,242
	Analogue Holdings Ltd.		532,000		121,781
	APAC Resources Ltd.		3,766,513		628,575
# *	Apollo Future Mobility Group Ltd.		8,436,000		583,791
*	Applied Development Holdings Ltd.		13,430,000		174,946
*	Arts Optical International Holdings Ltd.		322,000		28,650
	Asia Financial Holdings Ltd.		2,118,908		946,128
	Asia Standard Hotel Group Ltd.		3,601,654		92,941
	Asia Standard International Group Ltd.		12,088,917		1,423,635
*	Asiasec Properties Ltd.		1,913,000		400,443
	ASM Pacific Technology Ltd.		1,406,800		15,222,149

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
	Associated International Hotels Ltd.		952,000	$	1,584,926
	Automated Systems Holdings Ltd.		340,400		58,584
	Bank of East Asia Ltd.		2,803,600		4,604,266
††	Bel Global Resources Holdings Ltd.		2,576,000		0
	Best Mart 360 Holdings Ltd.		984,000		231,167
*	Blue River Holdings Ltd.		4,005,194		126,634
W	BOC Aviation Ltd.		563,000		4,926,685
	BOCOM International Holdings Co. Ltd.		1,889,000		423,369
#	BOE Varitronix Ltd.		3,807,293		4,271,261
††	Brightoil Petroleum Holdings Ltd.		9,034,000		326,620
	Build King Holdings Ltd.		630,000		80,165
	Cafe de Coral Holdings Ltd.		3,056,000		5,576,532
# *	Cathay Pacific Airways Ltd.		3,131,000		2,888,524
*	Century City International Holdings Ltd.		7,111,460		398,445
#	CGN Mining Co. Ltd.		5,570,000		728,977
	Chen Hsong Holdings.		1,296,000		390,576
	Cheuk Nang Holdings Ltd.		771,714		256,469
	Chevalier International Holdings Ltd.		820,989		1,026,869
*	China Baoli Technologies Holdings Ltd.		114,750		5,598
# *	China Best Group Holding Ltd.		1,274,998		66,521
*	China Display Optoelectronics Technology Holdings Ltd.		6,152,000		473,392
*	China Energy Development Holdings Ltd.		55,346,000		1,209,424
	China Motor Bus Co. Ltd.		75,200		1,015,188
* ††	China Solar Energy Holdings Ltd.		1,669,500		7,242
# *	China Star Entertainment Ltd.		11,170,000		1,521,720
*	China Strategic Holdings Ltd.		80,821,250		509,141
	China Tonghai International Financial Ltd.		1,300,000		33,457
	Chinese Estates Holdings Ltd.		2,943,500		1,418,916
	Chinney Investments Ltd.		1,180,000		249,705
	Chow Sang Sang Holdings International Ltd.		2,417,000		3,433,775
	Chuang’s China Investments Ltd.		8,811,407		434,062
	Chuang’s Consortium International Ltd.		7,519,043		840,790
	CITIC Telecom International Holdings Ltd.		13,126,125		4,650,291
#	CK Life Sciences Int’l Holdings, Inc.		18,634,000		1,743,650
#	CMBC Capital Holdings Ltd.		17,640,000		214,877
	C-Mer Eye Care Holdings Ltd.		1,724,000		1,679,295
	CNQC International Holdings Ltd.		10,000		884
	CNT Group Ltd.		7,979,264		405,342
#	Convenience Retail Asia Ltd.		1,026,000		101,421
# *	Cowell e Holdings, Inc.		407,000		316,487
W	Crystal International Group Ltd.		210,500		67,071
	CSI Properties Ltd.		47,866,383		1,360,019
	Dah Sing Banking Group Ltd.		3,764,716		3,601,876
	Dah Sing Financial Holdings Ltd.		1,436,144		4,451,703
	Dickson Concepts International Ltd.		1,591,000		821,463
*	Digital Domain Holdings Ltd.		231,000		19,352
*	Dingyi Group Investment Ltd.		300,000		3,733
	Dynamic Holdings Ltd.		160,000		242,435
	Eagle Nice International Holdings Ltd.		2,166,000		1,280,878
#	EC Healthcare		1,377,097		1,980,767
	EcoGreen International Group Ltd.		1,994,640		433,994
*	Emperor Capital Group Ltd.		30,219,000		445,997
	Emperor Entertainment Hotel Ltd.		4,840,000		576,672
	Emperor International Holdings Ltd.		10,584,753		1,473,093
	Emperor Watch & Jewellery Ltd.		25,160,000		580,809
*	Energy International Investments Holdings Ltd.		1,960,000		17,886
*	ENM Holdings Ltd.		14,752,000		1,154,691
*	Esprit Holdings Ltd.		10,942,825		937,931
*	Eternity Investment Ltd.		820,000		23,160

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
	EuroEyes International Eye Clinic Ltd.		210,000	$	267,502
#	Fairwood Holdings Ltd.		805,600		1,709,749
	Far East Consortium International Ltd.		12,207,827		4,025,734
	First Pacific Co. Ltd.		15,728,000		6,282,684
*	First Shanghai Investments Ltd.		5,568,000		181,907
# * W	FIT Hon Teng Ltd.		1,652,000		331,251
# * W	Fosun Tourism Group.		176,600		219,969
	Fountain SET Holdings Ltd.		6,120,000		1,097,290
	Four Seas Mercantile Holdings Ltd.		610,000		226,553
*	Freeman Fintech Corp. Ltd.		13,680,000		29,714
#	FSE Lifestyle Services Ltd.		599,000		512,111
# *	GBA Holdings Ltd.		18,640,000		23,957
	GDH Guangnan Holdings Ltd.		2,083,600		181,911
*	Genting Hong Kong Ltd.		5,824,000		513,907
	Get Nice Financial Group Ltd.		2,438,600		239,143
	Giordano International Ltd.		8,346,000		1,628,418
	Glorious Sun Enterprises Ltd.		3,932,000		414,282
	Gold Financial Holdings Ltd.		9,580,000		0
*	Gold Peak Industries Holdings Ltd.		3,029,642		250,545
	Golden Resources Development International Ltd.		4,082,500		293,541
* ††	Good Resources Holdings Ltd.		6,860,000		14,019
*	Goodbaby International Holdings Ltd.		5,972,000		867,066
*	GR Properties Ltd.		1,726,000		221,530
	Great Eagle Holdings Ltd.		1,089,446		2,997,493
*	Greentech Technology International Ltd.		11,720,000		143,657
*	G-Resources Group Ltd.		2,817,810		1,067,197
	Guoco Group Ltd.		2,000		23,371
	Guotai Junan International Holdings Ltd.		30,684,797		4,451,471
	Haitong International Securities Group Ltd.		20,434,400		4,697,146
	Hang Lung Group Ltd.		2,670,000		6,251,940
	Hanison Construction Holdings Ltd.		2,713,649		465,876
*	Hans Energy Co. Ltd.		2,208,000		109,774
#	Harbour Centre Development Ltd.		935,500		838,633
*	HK Asia Holdings Ltd.		226,000		121,992
	HKBN Ltd.		3,809,500		4,564,248
	HKR International Ltd.		7,078,969		2,824,590
	Hon Kwok Land Investment Co. Ltd.		388,800		154,965
*	Hong Kong ChaoShang Group Ltd.		1,440,000		165,139
	Hong Kong Ferry Holdings Co. Ltd.		1,007,300		713,720
	Hong Kong Technology Venture Co. Ltd.		1,973,000		2,969,489
*	Hongkong & Shanghai Hotels Ltd.		3,625,989		3,298,049
	Hongkong Chinese Ltd.		5,038,000		389,576
W	Honma Golf Ltd.		1,060,000		473,343
††	Hsin Chong Group Holdings Ltd.		10,243,403		86,366
*	Huafa Property Services Group Co. Ltd.		6,380,000		148,309
	Huasheng International Holding Ltd.		11,350,000		1,846,952
	Hung Hing Printing Group Ltd.		2,940,000		480,639
# *	Huobi Technology Holdings Ltd.		296,000		377,321
	Hutchison Telecommunications Hong Kong Holdings Ltd.		12,112,000		1,933,943
W	Hygeia Healthcare Holdings Co. Ltd.		235,000		2,063,005
*	Hypebeast Ltd.		2,635,000		388,008
	Hysan Development Co. Ltd.		2,302,000		7,991,549
# *	I-CABLE Communications Ltd.		4,080,000		35,658
	IGG, Inc.		8,547,000		7,946,770
*	Imagi International Holdings Ltd.		2,516,984		232,263
W	Impro Precision Industries Ltd.		340,000		104,127
	International Housewares Retail Co. Ltd.		2,042,000		708,850
*	IPE Group Ltd.		3,345,000		407,386
*	IRC Ltd.		35,846,266		1,144,279

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
*	ITC Properties Group Ltd.		5,873,292	$	783,924
	Jacobson Pharma Corp. Ltd.		3,616,000		270,991
	Johnson Electric Holdings Ltd.		2,868,054		6,348,320
	K Wah International Holdings Ltd.		1,588,000		635,222
*	Kader Holdings Co. Ltd.		378,000		21,162
*	Kam Hing International Holdings Ltd.		144,000		7,507
	Karrie International Holdings Ltd.		2,932,000		595,166
# *	Keck Seng Investments Hong Kong Ltd.		912,600		426,977
#	Kerry Logistics Network Ltd.		4,063,500		9,853,152
	Kerry Properties Ltd.		2,021,000		5,712,759
	Kingmaker Footwear Holdings Ltd.		1,878,955		210,166
#	Kowloon Development Co. Ltd.		3,057,000		3,619,142
*	KuangChi Science Ltd.		3,714,000		109,654
*	Kwoon Chung Bus Holdings Ltd.		44,000		12,303
*	Lai Sun Development Co. Ltd.		2,615,694		1,372,977
*	Lai Sun Garment International Ltd.		998,295		507,466
	Lam Soon Hong Kong Ltd.		325,310		649,896
*	Landing International Development Ltd.		6,932,800		213,543
	Landsea Green Properties Co. Ltd.		3,016,000		189,960
*	Langham Hospitality Investments & Langham Hospitality Investments Ltd.		4,040,750		447,257
*	Lifestyle International Holdings Ltd.		3,577,000		1,871,916
	Lippo China Resources Ltd.		17,982,000		293,344
	Lippo Ltd.		1,161,700		408,457
	Liu Chong Hing Investment Ltd.		1,531,200		1,574,343
	L’Occitane International SA		2,278,500		8,149,516
	Luk Fook Holdings International Ltd.		3,577,000		9,748,695
	Lung Kee Bermuda Holdings		1,491,875		697,604
*	Magnificent Hotel Investment Ltd.		13,170,000		195,547
	Man Wah Holdings Ltd.		839,600		1,299,400
*	Mason Group Holdings Ltd.		111,713,399		345,155
	Master Glory Group Ltd.		972,981		6,103
	Matrix Holdings Ltd.		1,067,414		357,386
#	MECOM Power & Construction Ltd.		5,288,000		2,445,919
*	Meilleure Health International Industry Group Ltd.		2,262,000		130,171
	Melbourne Enterprises Ltd.		39,500		741,574
*	Melco International Development Ltd.		2,503,000		3,250,914
*	Midland Holdings Ltd.		2,901,987		419,917
	Ming Fai International Holdings Ltd.		1,728,000		110,222
#	Miramar Hotel & Investment		1,144,000		1,920,396
	Modern Dental Group Ltd.		2,354,000		1,996,669
*	Mongolian Mining Corp.		390,000		105,374
	NagaCorp Ltd.		3,872,000		3,553,859
#	Nameson Holdings Ltd.		7,744,000		534,562
	Nanyang Holdings Ltd.		133,500		672,210
	National Electronics Hldgs		2,668,600		367,946
* ††	National United Resources Holdings Ltd.		18,280,000		62,496
*	Neo-Neon Holdings Ltd.		2,315,500		142,571
# *	NewOcean Energy Holdings Ltd.		7,246,000		247,374
#	Nissin Foods Co. Ltd.		1,191,000		886,477
#	NWS Holdings Ltd.		6,214,000		6,170,724
	Oriental Watch Holdings		2,809,611		1,493,815
*	Oshidori International Holdings Ltd.		20,024,400		1,434,749
††	Pacific Andes International Holdings Ltd.		19,435,067		68,443
	Pacific Basin Shipping Ltd.		32,170,000		14,846,663
*	Pacific Century Premium Developments Ltd.		457,240		37,544
	Pacific Textiles Holdings Ltd.		7,715,000		3,852,957
	Pak Fah Yeow International Ltd.		5,000		1,077
*	Paliburg Holdings Ltd.		3,180,830		828,173
# *	Paradise Entertainment Ltd.		3,672,000		415,444

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
	PC Partner Group Ltd.		1,752,000	$	2,218,334
	PCCW Ltd.		13,174,545		6,782,641
# ††	Peace Mark Holdings Ltd.		2,479,870		0
*	Pegasus International Holdings Ltd.		36,000		3,681
	Pentamaster International Ltd.		1,550,000		222,866
#	Perfect Medical Health Management Ltd.		3,063,000		2,322,802
	Pico Far East Holdings Ltd.		5,142,000		851,297
	Playmates Holdings Ltd.		7,082,000		739,155
	Plover Bay Technologies Ltd.		2,160,000		784,361
	Pokfulam Development Co. Ltd.		62,000		91,677
*	PT International Development Co. Ltd.		8,347,150		364,951
	Public Financial Holdings Ltd.		2,848,000		896,309
††	PYXIS Group Ltd.		1,936,000		0
* W	Razer, Inc.		11,925,000		2,864,385
*	Regal Hotels International Holdings Ltd.		2,953,800		1,207,647
W	Regina Miracle International Holdings Ltd.		1,983,000		942,234
*	Renco Holdings Group Ltd.		103,000		1,621
# *	Sa Sa International Holdings Ltd.		5,060,960		1,105,812
	Safety Godown Co. Ltd.		1,200,000		540,552
* W	Samsonite International SA		2,004,900		4,312,560
	SAS Dragon Holdings Ltd.		2,182,000		1,284,082
	SEA Holdings Ltd.		1,657,523		1,189,590
*	Shangri-La Asia Ltd.		3,320,000		2,700,617
#	Shenwan Hongyuan HK Ltd.		3,511,250		442,088
*	Shun Ho Property Investments Ltd.		1,254,757		201,695
*	Shun Tak Holdings Ltd.		11,609,419		3,173,677
*	Sincere Watch Hong Kong Ltd.		1,400,000		9,066
	Sing Tao News Corp. Ltd.		1,974,000		162,745
#	Singamas Container Holdings Ltd.		8,118,000		955,964
# *	SJM Holdings Ltd.		5,597,000		4,162,598
	SmarTone Telecommunications Holdings Ltd.		2,003,481		1,168,509
	Solomon Systech International Ltd.		10,960,000		1,065,676
	Soundwill Holdings Ltd.		600,500		598,850
*	South China Holdings Co. Ltd.		17,774,502		201,540
	Stella International Holdings Ltd.		2,697,500		3,222,825
# *	Summit Ascent Holdings Ltd.		7,364,000		468,945
	Sun Hung Kai & Co. Ltd.		5,183,429		2,692,847
	SUNeVision Holdings Ltd.		2,552,000		2,343,097
	TAI Cheung Holdings Ltd.		2,329,000		1,460,587
	Tai Sang Land Development Ltd.		798,910		420,484
#	Tan Chong International Ltd.		1,176,000		305,595
#	Tao Heung Holdings Ltd.		1,396,000		157,605
*	Television Broadcasts Ltd.		1,972,400		1,533,764
*	Termbray Industries International Holdings Ltd.		1,310,900		41,150
	Texhong Textile Group Ltd.		126,500		188,756
	Texwinca Holdings Ltd.		4,008,000		820,770
# *	Theme International Holdings Ltd.		11,240,000		1,373,391
	Tian Teck Land Ltd.		1,024,000		670,348
*	Town Health International Medical Group Ltd.		3,656,115		258,920
	Tradelink Electronic Commerce Ltd.		6,126,000		880,941
	Transport International Holdings Ltd.		1,576,602		2,667,619
*	Trendzon Holdings Group Ltd.		3,336,000		415,906
	United Laboratories International Holdings Ltd.		6,644,000		4,220,394
*	Universal Technologies Holdings Ltd.		1,730,000		44,715
††	Untrade Convoy		32,922,000		132,441
††	Untrade CW Group Holdings		1,361,500		7,577
††	Untrade Mh Development NPV		3,238,000		90,517
††	Untrade.Burwill		37,300,960		63,762
* ††	Up Energy Development Group Ltd.		3,929,000		12,221

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
*	Value Convergence Holdings Ltd.		2,428,000	$	128,755
#	Value Partners Group Ltd.		5,740,000		2,938,390
	Vanke Overseas Investment Holding Co. Ltd.		16,000		4,981
	Vedan International Holdings Ltd.		3,576,000		362,848
#	Vitasoy International Holdings Ltd.		2,731,000		6,582,983
*	Vobile Group Ltd.		3,598,000		3,165,704
# W	VPower Group International Holdings Ltd.		4,895,397		956,760
	VSTECS Holdings Ltd.		6,261,600		5,909,042
	VTech Holdings Ltd.		1,345,100		10,357,891
	Wai Kee Holdings Ltd.		6,658,738		3,199,986
	Wang On Group Ltd.		41,740,000		391,333
*	Wealthking Investments Ltd.		7,296,000		680,292
	Wing On Co. International Ltd.		759,000		1,744,764
#	Wing Tai Properties Ltd.		2,187,331		1,181,787
	YGM Trading Ltd.		44,000		10,299
*	YT Realty Group Ltd.		1,968,124		441,126
	YTO Express Holdings Ltd.		716,000		307,652
*	Yue Yuen Industrial Holdings Ltd.		2,428,000		5,153,942
# *	Yunfeng Financial Group Ltd.		612,000		163,223
#	Zensun Enterprises Ltd.		816,000		463,737
*	Zhaobangji Properties Holdings Ltd.		856,000		53,360
TOTAL HONG KONG					391,041,411
NEW ZEALAND — (6.5%)
*	AFT Pharmaceuticals Ltd.		22,057		64,761
*	Air New Zealand Ltd.		421,967		505,363
	Arvida Group Ltd.		944,332		1,350,442
	Briscoe Group Ltd.		29,096		144,349
	Chorus Ltd.		2,826,320		12,906,707
	Colonial Motor Co. Ltd.		144,588		1,096,749
#	Comvita Ltd.		50,282		133,917
	Delegat Group Ltd.		6,400		67,000
# *	Eroad Ltd.		24,092		91,587
#	Freightways Ltd.		976,177		9,063,774
	Genesis Energy Ltd.		939,415		2,194,961
# *	Gentrack Group Ltd.		71,302		98,623
	Hallenstein Glasson Holdings Ltd.		319,156		1,602,096
	Heartland Group Holdings Ltd.		2,110,558		3,552,308
	Infratil Ltd.		3,435,660		20,385,406
#	Investore Property Ltd.		567,273		765,388
	Kathmandu Holdings Ltd.		2,509,713		2,858,706
	Mainfreight Ltd.		156,515		10,085,924
*	Millennium & Copthorne Hotels New Zealand Ltd.		366,312		610,655
	Napier Port Holdings Ltd.		46,155		101,233
# *	NEW Zealand King Salmon Investments Ltd.		63,420		65,028
# *	New Zealand Refining Co. Ltd.		931,091		565,900
	NZME Ltd.		945,851		792,045
#	NZX Ltd.		1,462,869		1,815,794
	Oceania Healthcare Ltd.		1,212,994		1,215,710
# *	Pacific Edge Ltd.		1,268,695		1,337,128
	PGG Wrightson Ltd.		120,785		390,175
*	Plexure Group Ltd.		27,580		11,052
# *	Pushpay Holdings Ltd.		2,728,665		3,720,801
*	Rakon Ltd.		121,779		133,627
*	Restaurant Brands New Zealand Ltd.		165,154		1,843,578
††	Richina Pacific Ltd.		274,180		0
# *	Sanford Ltd.		373,306		1,351,964
#	Scales Corp. Ltd.		436,710		1,677,458
	Scott Technology Ltd.		47,901		113,934

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
NEW ZEALAND — (Continued)
*	Serko Ltd.		112,431	$	630,094
	Skellerup Holdings Ltd.		788,235		3,519,333
*	SKY Network Television Ltd.		313,454		426,139
	SKYCITY Entertainment Group Ltd.		4,937,567		11,322,406
	Steel & Tube Holdings Ltd.		575,667		491,534
	Summerset Group Holdings Ltd.		985,298		10,250,669
# *	Synlait Milk Ltd.		449,820		1,160,836
# *	Tourism Holdings Ltd.		705,776		1,389,954
	TOWER Ltd.		2,257,219		1,027,282
#	Trustpower Ltd.		237,979		1,267,444
	Turners Automotive Group Ltd.		109,772		342,868
# *	Vista Group International Ltd.		465,639		844,580
	Warehouse Group Ltd.		360,516		1,041,649
	Z Energy Ltd.		1,685,119		4,349,071
TOTAL NEW ZEALAND					120,778,002
SINGAPORE — (10.5%)
* ††	Abterra Ltd.		230,320		1,247
	Accordia Golf Trust		5,267,200		0
	AEM Holdings Ltd.		798,900		2,488,093
# *	Amara Holdings Ltd.		974,800		271,884
	Ascendas India Trust		5,500,000		5,682,306
#	Avarga Ltd.		2,626,500		573,752
# *	Banyan Tree Holdings Ltd.		783,400		197,733
# * ††	Best World International Ltd.		2,911,550		545,821
#	Bonvests Holdings Ltd.		950,000		662,645
	Boustead Singapore Ltd.		2,200,482		1,666,105
#	Bukit Sembawang Estates Ltd.		1,207,603		4,687,060
	Bund Center Investment Ltd.		659,825		251,226
# *	Centurion Corp. Ltd.		1,405,100		344,044
#	China Aviation Oil Singapore Corp. Ltd.		2,623,199		1,947,194
	China Sunsine Chemical Holdings Ltd.		3,754,300		1,419,217
#	Chip Eng Seng Corp. Ltd.		3,787,600		1,205,226
#	Chuan Hup Holdings Ltd.		3,937,600		744,973
	Civmec Ltd.		162,700		85,560
	ComfortDelGro Corp. Ltd.		7,004,400		8,118,014
# *	COSCO Shipping International Singapore Co. Ltd.		6,883,000		1,404,224
# *	Creative Technology Ltd.		321,100		505,736
#	CSE Global Ltd.		2,544,600		971,722
#	Dasin Retail Trust		296,700		101,200
#	Del Monte Pacific Ltd.		2,230,164		643,430
#	Delfi Ltd.		979,700		558,874
††	DMX Technologies Group Ltd.		2,096,000		0
# * ††	Ezion Holdings Ltd.		9,845,878		59,141
# * ††	Ezra Holdings Ltd.		8,161,986		12,468
#	Far East Orchard Ltd.		1,230,903		1,015,410
#	First Resources Ltd.		5,495,400		7,249,425
#	First Sponsor Group Ltd.		484,728		484,951
#	Food Empire Holdings Ltd.		1,450,100		882,021
	Fraser & Neave Ltd.		301,200		323,893
	Frencken Group Ltd.		1,854,400		3,147,646
#	Fu Yu Corp. Ltd.		3,744,900		804,963
*	Gallant Venture Ltd.		5,386,600		515,048
#	Geo Energy Resources Ltd.		3,758,000		950,569
#	GK Goh Holdings Ltd.		1,462,565		1,225,122
#	Golden Agri-Resources Ltd.		37,540,100		7,362,536
*	Golden Energy & Resources Ltd.		763,800		201,161
*	GP Industries Ltd.		447,609		195,830
#	GuocoLand Ltd.		1,910,914		2,410,022

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
SINGAPORE — (Continued)
# *	Halcyon Agri Corp. Ltd.		1,635,533	$	321,260
	Hanwell Holdings Ltd.		1,562,419		475,263
	Haw Par Corp. Ltd.		385,000		3,597,935
#	Hiap Hoe Ltd.		498,000		243,610
	Ho Bee Land Ltd.		1,633,500		3,412,989
#	Hong Fok Corp. Ltd.		3,457,994		2,023,620
††	Hong Fok Land Ltd.		1,210,000		0
#	Hong Leong Asia Ltd.		1,850,900		1,156,422
#	Hong Leong Finance Ltd.		1,002,000		1,790,242
	Hotel Grand Central Ltd.		1,632,854		1,272,691
#	Hour Glass Ltd.		1,806,732		2,620,806
	HRnetgroup Ltd.		130,100		78,729
	Hutchison Port Holdings Trust		24,983,000		5,381,588
	Hwa Hong Corp. Ltd.		2,123,500		537,125
# * ††	Hyflux Ltd.		3,707,700		228,208
#	iFAST Corp. Ltd.		854,900		5,498,498
*	Indofood Agri Resources Ltd.		3,097,300		758,406
#	InnoTek Ltd.		336,600		191,884
#	ISDN Holdings Ltd.		378,544		174,025
#	Japfa Ltd.		3,020,210		1,539,373
# ††	Jurong Technologies Industrial Corp. Ltd.		2,227,680		0
# ††	k1 Ventures Ltd.		1,005,220		0
	Keppel Infrastructure Trust		19,128,646		7,523,026
	Koufu Group Ltd.		193,700		94,067
	KSH Holdings Ltd.		1,278,300		341,239
#	Low Keng Huat Singapore Ltd.		949,800		337,956
	Lum Chang Holdings Ltd.		1		0
*	Mandarin Oriental International Ltd.		1,481,300		3,442,162
#	Metro Holdings Ltd.		3,045,192		1,728,070
	Mewah International, Inc.		89,000		26,148
#	Micro-Mechanics Holdings Ltd.		98,700		242,223
# * ††	Midas Holdings Ltd.		8,576,553		228,963
# *	mm2 Asia Ltd.		7,042,000		309,091
	NetLink NBN Trust		2,903,200		2,195,058
#	NSL Ltd.		409,900		246,722
# *	Oceanus Group Ltd.		8,888,300		264,276
#	OUE Ltd.		2,165,100		2,217,865
#	Oxley Holdings Ltd.		7,895,363		1,171,154
	Pacific Century Regional Developments Ltd.		179,000		49,793
	Pan-United Corp. Ltd.		2,435,750		550,931
#	Propnex Ltd.		326,000		462,093
#	Q&M Dental Group Singapore Ltd.		1,886,160		791,506
#	QAF Ltd.		1,625,480		1,056,570
*	Raffles Education Corp. Ltd.		3,525,323		202,469
	Raffles Medical Group Ltd.		7,677,232		7,808,858
#	Riverstone Holdings Ltd.		2,738,600		1,748,740
*	Roxy-Pacific Holdings Ltd.		505,740		176,851
#	SBS Transit Ltd.		839,000		1,874,300
	Sembcorp Industries Ltd.		6,027,400		8,995,759
# *	Sembcorp Marine Ltd.		102,331,679		5,998,526
	Sheng Siong Group Ltd.		4,752,300		5,011,321
*	SHS Holdings Ltd.		2,175,300		249,980
# *	SIA Engineering Co. Ltd.		1,802,600		2,902,951
#	SIIC Environment Holdings Ltd.		5,890,920		986,743
#	Sinarmas Land Ltd.		7,118,700		1,429,996
	Sing Holdings Ltd.		1,579,500		444,580
	Sing Investments & Finance Ltd.		350,675		383,926
	Singapore Land Group Ltd.		101,169		202,771
	Singapore Post Ltd.		11,581,800		5,630,069

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
SINGAPORE — (Continued)
	Singapore Press Holdings Ltd.		7,439,300	$	10,978,277
	Singapore Shipping Corp. Ltd.		1,640,700		335,346
#	Stamford Land Corp. Ltd.		3,272,400		1,225,339
#	StarHub Ltd.		5,788,500		5,325,579
	Straco Corp. Ltd.		130,000		48,498
	Straits Trading Co. Ltd.		277,300		748,184
# * ††	Swiber Holdings Ltd.		2,895,250		43,799
*	Thomson Medical Group Ltd.		178,300		11,246
	Tiong Woon Corp. Holding Ltd.		26,600		9,481
#	Tuan Sing Holdings Ltd.		4,871,775		1,776,903
#	UMS Holdings Ltd.		3,016,468		2,965,469
	United Overseas Insurance Ltd.		181,850		938,986
	UOB-Kay Hian Holdings Ltd.		2,435,762		2,855,423
#	Valuetronics Holdings Ltd.		2,911,150		1,252,749
#	Vicom Ltd.		557,500		851,727
#	Wee Hur Holdings Ltd.		2,891,900		420,903
	Wing Tai Holdings Ltd.		4,019,667		5,784,442
#	Yeo Hiap Seng Ltd.		228,759		146,075
TOTAL SINGAPORE					196,265,345
UNITED STATES — (0.1%)
	Clean Seas Seafood Ltd.		16,006		7,525
* W	Frontage Holdings Corp.		2,032,000		1,182,156
TOTAL UNITED STATES					1,189,681
TOTAL COMMON STOCKS					1,819,097,011
PREFERRED STOCKS — (0.0%)
AUSTRALIA — (0.0%)
	Catapult Group International Ltd.		51,120		68,066
RIGHTS/WARRANTS — (0.0%)
AUSTRALIA — (0.0%)
*	Decmil Group Ltd. Warrants 09/15/22		5,306		0
*	Orbital Corp. Ltd. Rights 11/05/2021		2,771		138
TOTAL AUSTRALIA					138
HONG KONG — (0.0%)
*	APAC Resources Ltd. Warrants 10/06/22		753,303		7,842
NEW ZEALAND — (0.0%)
*	Arvida Group Ltd. Rights 11/08/21		143,733		15,450
SINGAPORE — (0.0%)
# *	Ezion Holdings Ltd. Warrants 04/16/23		5,659,201		0
*	First Sponsor Group Ltd. Warrants 03/21/29		74,981		16,264
TOTAL SINGAPORE					16,264
TOTAL RIGHTS/WARRANTS					39,694
TOTAL INVESTMENT SECURITIES (Cost $1,603,374,310)					1,819,204,771

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value†
SECURITIES LENDING COLLATERAL — (2.2%)
@ §	The  DFA Short Term Investment Fund		3,509,676	$	40,606,949
TOTAL INVESTMENTS — (100.0%) (Cost $1,643,976,673)				$	1,859,811,720

SA Special Assessment

» Securities that have been fair value factored. See Note B to Financial Statements.

* Non-Income Producing Securities.

# Total or Partial Securities on Loan.

†† Security valued using significant unobservable inputs (Level 3).

W 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.

† See Note B to Financial Statements.

@ Security purchased with cash collateral received from Securities on Loan.

§ Affiliated Fund.

Summary of the Series’ investments as of October 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
Australia	$	12,676	$	1,109,648,166	$	22,767	$	1,109,683,609
China		—		138,963		—		138,963
Hong Kong		—		390,169,707		871,704		391,041,411
New Zealand		—		120,778,002		—		120,778,002
Singapore		—		195,145,698		1,119,647		196,265,345
United States		—		1,189,681		—		1,189,681
Preferred Stocks
Australia		—		68,066		—		68,066
Rights/Warrants
Australia		—		138		—		138
Hong Kong		—		7,842		—		7,842
New Zealand		—		15,450		—		15,450
Singapore		—		16,264		—		16,264
Securities Lending Collateral		—		40,606,949		—		40,606,949
TOTAL	$	12,676	$	1,857,784,926	$	2,014,118^	$	1,859,811,720

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

THE UNITED KINGDOM SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

October 31, 2021

		Shares		Value»
COMMON STOCKS — (99.2%)
COMMUNICATION SERVICES — (3.8%)
	4imprint Group PLC		160,938	$	6,296,877
	Airtel Africa PLC		830,930		1,245,743
*	Ascential PLC		1,145,626		6,326,013
	Bloomsbury Publishing PLC		295,950		1,461,893
	Centaur Media PLC		254,249		191,351
# *	Cineworld Group PLC		3,048,461		2,552,856
	Daily Mail & General Trust PLC, Class A		1,003,074		14,237,131
	Euromoney Institutional Investor PLC		713,021		10,198,518
*	Frontier Developments PLC		43,663		1,471,126
	Future PLC		149,013		7,188,883
	Gamma Communications PLC		143,616		3,550,575
*	Helios Towers PLC		926,658		1,958,811
# *	Hyve Group PLC		1,505,164		2,239,423
	Next Fifteen Communications Group PLC		59,689		1,005,901
	Reach PLC		2,516,899		10,915,457
	STV Group PLC		4,918		23,231
*	Tremor International Ltd.		116,315		1,082,701
*	Tremor International Ltd., ADR		2,906		55,069
TOTAL COMMUNICATION SERVICES					72,001,559
CONSUMER DISCRETIONARY — (19.8%)
	888 Holdings PLC		2,222,037		11,635,677
*	AO World PLC		272,456		546,311
*	ASOS PLC		4,675		158,720
*	Aston Martin Lagonda Global Holdings PLC		117,010		2,731,264
	Bellway PLC		417,887		18,961,147
*	Boohoo Group PLC		488,696		1,215,514
*	Card Factory PLC		877,458		567,562
	Coats Group PLC		2,622,958		2,314,725
*	Countryside Properties PLC		2,922,469		18,812,341
	Crest Nicholson Holdings PLC		1,805,488		8,812,217
	Currys PLC		5,059,710		8,413,051
# *	DFS Furniture PLC		1,210,341		4,518,163
# *	Dignity PLC		211,780		2,052,178
	Domino’s Pizza Group PLC		3,262,553		17,283,266
	Dunelm Group PLC		675,505		11,843,897
*	Frasers Group PLC		1,628,144		14,351,413
*	Fuller Smith & Turner PLC, Class A		146,090		1,357,253
	Games Workshop Group PLC		157,764		20,837,762
	Greggs PLC		636,335		26,596,851
*	Gym Group PLC		896,017		3,167,451
	Halfords Group PLC		1,283,527		4,677,396
	Headlam Group PLC		491,873		3,059,781
	Henry Boot PLC		533,746		2,048,515
*	Hollywood Bowl Group PLC		254,974		829,646
*	Hostelworld Group PLC		163,985		161,654
	Inchcape PLC		2,550,326		28,784,465
*	J D Wetherspoon PLC		525,236		7,371,714
*	Joules Group PLC		3,586		9,826
*	Lookers PLC		1,331,856		1,163,687
*	Marks & Spencer Group PLC		7,572,745		19,035,955
*	Marston’s PLC		4,823,710		5,242,271
*	Mitchells & Butlers PLC		2,125,468		7,371,854
	MJ Gleeson PLC		240,572		2,513,130
	Moneysupermarket.com Group PLC		3,347,796		9,719,462

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
*	Motorpoint group PLC		51,520	$	252,614
# *	N Brown Group PLC		948,958		562,444
*	On the Beach Group PLC		785,744		3,206,875
*	Pendragon PLC		3,945,379		992,462
	Pets at Home Group PLC		3,262,961		21,532,073
*	Photo-Me International PLC		1,417,580		1,281,415
*	Playtech PLC		1,947,421		18,527,516
*	PPHE Hotel Group Ltd.		14,433		275,323
*	Rank Group PLC		1,021,186		2,294,918
	Redrow PLC		1,602,850		14,112,668
*	Restaurant Group PLC		1,104,930		1,332,698
	Smiths News PLC		23,379		12,165
*	Sportech PLC		170,201		88,318
*	SSP Group PLC		3,521,147		12,405,283
*	Studio Retail Group PLC		220,669		779,857
*	Superdry PLC		426,248		1,688,560
*	Ted Baker PLC		283,991		524,315
	TI Fluid Systems PLC, Class B		191,328		693,240
*	Topps Tiles PLC		785,944		674,828
*	Vertu Motors PLC		866,751		727,473
	Vistry Group PLC		898,922		15,053,083
	Vitec Group PLC		211,417		4,154,319
	Vivo Energy PLC		448,203		648,283
*	Watches of Switzerland Group PLC		82,051		1,274,061
*	WH Smith PLC		25,517		546,227
	Wickes Group PLC		1,628,880		4,793,484
*	Young & Co’s Brewery PLC, Class A		2,075		42,181
TOTAL CONSUMER DISCRETIONARY					376,642,802
CONSUMER STAPLES — (6.7%)
	AG Barr PLC		730,610		4,954,936
	Anglo-Eastern Plantations PLC		122,466		1,274,595
	Bakkavor Group PLC		110,157		189,903
	Britvic PLC		1,748,990		21,232,260
*	C&C Group PLC		1,257,529		4,450,663
	Carr’s Group PLC		349,511		700,823
	Cranswick PLC		374,680		17,707,906
	Devro PLC		1,278,497		3,770,252
	Fevertree Drinks PLC		655,368		20,392,946
*	Greencore Group PLC		4,134,804		7,310,856
	Hilton Food Group PLC		295,693		4,729,245
*	McBride PLC		895,746		856,435
*	Naked Wines PLC		26,543		270,029
	Nichols PLC		2,884		46,211
	Premier Foods PLC		4,717,225		7,080,253
	PZ Cussons PLC		1,740,700		5,113,939
	Stock Spirits Group PLC		1,171,974		6,006,453
	Tate & Lyle PLC		2,419,131		21,435,384
TOTAL CONSUMER STAPLES					127,523,089
ENERGY — (2.3%)
††	Afren PLC		5,446,344		0
	Cairn Energy PLC		3,963,896		9,896,315
	Diversified Energy Co. PLC		1,900,047		3,001,526
# *	Energean PLC		138,219		1,698,430
*	EnQuest PLC		11,912,092		3,917,508
	Genel Energy PLC		814,940		1,681,810
	Gulf Keystone Petroleum Ltd.		1,529,511		4,154,608

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
ENERGY — (Continued)
*	Harbour Energy PLC		333,426	$	1,595,891
	Hunting PLC		828,220		1,916,786
*	John Wood Group PLC		3,684,499		10,744,148
*	Lamprell PLC		1,293,820		727,110
*	Pantheon Resources PLC		48,702		51,723
# *	Petrofac Ltd.		1,346,240		2,384,350
	Petrofac Ltd.		336,560		66,787
*	Pharos Energy PLC		1,027,575		281,445
	Serica Energy PLC		388,471		1,094,561
*	Tullow Oil PLC		1,789,524		1,123,802
TOTAL ENERGY					44,336,800
FINANCIALS — (16.6%)
	AJ Bell PLC		419,539		2,351,555
# *	Allied Minds PLC		211,640		66,532
	Ashmore Group PLC		2,404,758		11,110,795
	Bank of Georgia Group PLC		274,167		5,689,609
*	Beazley PLC		3,279,338		17,442,492
	Brewin Dolphin Holdings PLC		2,220,611		11,444,811
	Brooks Macdonald Group PLC		628		23,988
	Burford Capital Ltd.		809,269		8,299,070
	Charles Stanley Group PLC		124,654		875,462
	Chesnara PLC		863,650		3,407,525
	Close Brothers Group PLC		970,236		19,112,250
	CMC Markets PLC		874,248		3,003,720
*	Funding Circle Holdings PLC		104,248		223,718
*	Georgia Capital PLC		33,598		277,740
	Hiscox Ltd.		1,621,850		18,452,426
	IG Group Holdings PLC		2,149,742		23,326,151
	Impax Asset Management Group PLC		89,179		1,338,923
	IntegraFin Holdings PLC		287,416		2,248,281
	International Personal Finance PLC		828,317		1,442,661
	Investec PLC		1,348,593		6,107,733
	IP Group PLC		6,251,874		10,317,577
	JTC PLC		74,078		785,218
	Jupiter Fund Management PLC		3,085,503		10,568,023
*	Just Group PLC		6,985,205		8,739,929
	Lancashire Holdings Ltd.		1,512,763		10,441,311
	Liontrust Asset Management PLC		55,063		1,641,520
	Man Group PLC		9,599,081		30,488,754
	Morses Club PLC		15,836		13,330
	Mortgage Advice Bureau Holdings Ltd.		2,530		46,165
	Ninety One PLC		526,116		1,868,032
	Numis Corp. PLC		300,713		1,383,990
	OSB Group PLC		1,143,372		7,886,988
	Paragon Banking Group PLC		1,977,656		14,825,635
	Plus500 Ltd.		498,479		8,974,138
	Polar Capital Holdings PLC		190,688		2,166,767
*	Provident Financial PLC		1,557,178		7,866,798
	Quilter PLC		10,641,392		22,656,903
	Rathbone Brothers PLC		353,424		9,502,289
	Record PLC		18,948		21,545
	River & Mercantile Group PLC		10,512		40,874
	S&U PLC		26,232		1,040,695
	Sabre Insurance Group PLC		203,569		545,283
*	Saga PLC		652,538		2,776,959
	Sanne Group PLC		52,058		643,594
	TBC Bank Group PLC		37,730		809,393
	TP ICAP Group PLC		4,098,971		8,704,684

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
FINANCIALS — (Continued)
*	Virgin Money UK PLC		5,337,722	$	14,829,830
††	Waterloo Investment Holdings Ltd.		4,000		0
TOTAL FINANCIALS					315,831,666
HEALTH CARE — (3.2%)
*	4d pharma PLC		42,478		35,632
	Advanced Medical Solutions Group PLC		351,883		1,569,321
	Alliance Pharma PLC		1,864,448		2,621,074
	CareTech Holdings PLC		287,551		2,450,411
*	Circassia Group PLC		202,629		118,884
	Clinigen Group PLC		380,086		3,191,152
*	CVS Group PLC		436,875		14,888,932
	EKF Diagnostics Holdings PLC		79,384		87,516
	EMIS Group PLC		315,073		5,818,136
*	Ergomed PLC		1,967		38,682
	Genus PLC		3,765		285,507
*	Indivior PLC		3,092,847		10,322,460
	Integrated Diagnostics Holdings PLC		1,249,693		1,544,373
*	Mediclinic International PLC		2,461,637		11,262,786
*	Oxford Biomedica PLC		17,722		367,584
*	PureTech Health PLC		182,380		879,201
*	Spire Healthcare Group PLC		1,762,723		5,684,672
TOTAL HEALTH CARE					61,166,323
INDUSTRIALS — (25.6%)
	Air Partner PLC		253,425		300,227
	Avon Protection PLC		171,660		4,561,472
*	Babcock International Group PLC		2,860,533		12,492,492
	Balfour Beatty PLC		3,624,290		12,600,238
	Begbies Traynor Group PLC		44,955		89,044
*	Biffa PLC		1,290,953		7,059,223
	Bodycote PLC		1,252,104		13,714,783
	Braemar Shipping Services PLC		91,109		312,777
	Chemring Group PLC		1,808,892		7,212,773
	Clarkson PLC		183,962		10,081,289
	Clipper Logistics PLC		215,934		2,120,245
*	Costain Group PLC		237,261		173,613
*	De La Rue PLC		468,421		1,074,344
*	Dialight PLC		89,929		426,775
	Diploma PLC		628,300		25,821,321
	DiscoverIE Group PLC		514,881		7,375,215
	Electrocomponents PLC		112,158		1,725,617
# *	Esken Ltd.		1,707,178		315,154
*	Firstgroup PLC		7,284,526		10,015,311
	Galliford Try Holdings PLC		536,479		1,471,505
	Genuit Group PLC		1,416,533		12,853,080
*	Go-Ahead Group PLC		279,310		3,008,184
	Goodwin PLC		383		19,199
	Grafton Group PLC		1,582,491		29,066,399
	Hays PLC		8,705,616		19,729,104
	HomeServe PLC		60,812		710,375
	IMI PLC		1,193,944		26,662,992
††	Industrial & Commercial Holding Group Ltd.		5,000		0
††	Interserve PLC		629,566		0
*	James Fisher & Sons PLC		313,097		1,757,353
	James Halstead PLC		8,111		61,642
# *	JET2 PLC		495,616		8,249,097
*	John Menzies PLC		121,803		496,495

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
*	Johnson Service Group PLC		253,813	$	461,910
	Keller Group PLC		422,208		5,316,720
*	Kier Group PLC		1,526,667		2,225,622
	Luceco PLC		262,796		1,365,042
	Mears Group PLC		679,621		1,842,960
*	Meggitt PLC		2,411,365		24,757,023
*	Mitie Group PLC		6,973,938		6,266,695
	Morgan Advanced Materials PLC		1,832,073		8,661,037
	Morgan Sindall Group PLC		237,612		7,361,554
*	National Express Group PLC		2,976,053		9,312,798
	Norcros PLC		134,719		613,112
	Pagegroup PLC		2,014,945		18,283,115
	Porvair PLC		18,060		170,214
	QinetiQ Group PLC		3,474,939		12,822,325
	Redde Northgate PLC		1,420,168		7,725,785
	Renew Holdings PLC		30,191		314,888
*	Renewi PLC		522,602		5,052,690
	Ricardo PLC		291,046		1,675,102
	Robert Walters PLC		392,744		4,570,685
	Rotork PLC		5,214,504		25,207,456
	Royal Mail PLC		1,480,542		8,535,058
	RPS Group PLC		940,773		1,624,209
	RWS Holdings PLC		152,605		1,296,145
*	Senior PLC		2,312,337		5,076,980
	Serco Group PLC		1,250,812		2,160,669
	Severfield PLC		1,090,941		1,069,558
*	SIG PLC		4,275,501		3,036,577
	Smart Metering Systems PLC		432,484		4,822,770
	Speedy Hire PLC		3,197,155		2,786,622
*	Stagecoach Group PLC		2,360,397		2,574,580
	SThree PLC		785,105		6,327,274
	TClarke PLC		64,142		141,193
	Travis Perkins PLC		1,046,773		22,129,674
	Trifast PLC		524,611		966,954
	Tyman PLC		956,236		4,882,625
	Ultra Electronics Holdings PLC		566,936		25,121,854
	Vesuvius PLC		1,490,035		9,607,384
	Volex PLC		373,096		2,293,742
	Volution Group PLC		412,484		2,781,835
	Vp PLC		153,784		2,116,425
	Wilmington PLC		334,384		1,097,095
	Wincanton PLC		649,186		3,370,455
	XP Power Ltd.		101,859		7,315,024
TOTAL INDUSTRIALS					486,698,773
INFORMATION TECHNOLOGY — (8.5%)
*	Bytes Technology Group PLC		180,023		1,317,162
*	Capita PLC		10,542,098		6,842,452
*	CentralNic Group PLC		10,116		18,705
	Computacenter PLC		514,578		18,918,353
	dotdigital group PLC		374,141		1,231,259
*	Equiniti Group PLC		2,329,628		5,688,140
*	FD Technologies PLC		21,686		619,243
	FDM Group Holdings PLC		425,842		6,996,917
	GB Group PLC		155,647		1,892,212
	Gooch & Housego PLC		1,817		29,877
	IDOX PLC		140,149		137,425
	iomart Group PLC		236,264		473,229
*	IQE PLC		1,442,158		925,624

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	Kainos Group PLC		456,041	$	12,357,568
	Keywords Studios PLC		93,471		3,613,806
*	Kin & Carta PLC		586,796		2,144,715
	Learning Technologies Group PLC		570,785		1,530,581
	Micro Focus International PLC		1,180,014		5,782,621
	NCC Group PLC		1,774,748		6,033,524
*	Network International Holdings PLC		175,435		773,828
	Oxford Instruments PLC		370,423		11,654,810
	PayPoint PLC		429,815		4,055,780
	Renishaw PLC		46,839		3,222,939
	RM PLC		358,749		1,021,785
	Softcat PLC		738,845		19,636,602
	Spectris PLC		433,873		22,323,692
	Spirent Communications PLC		4,206,131		16,515,848
	Strix Group PLC		261,603		1,044,111
††	Trellus Health Ltd.		1,632		0
	TT Electronics PLC		1,084,117		3,779,054
*	Xaar PLC		434,356		1,025,013
TOTAL INFORMATION TECHNOLOGY					161,606,875
MATERIALS — (6.5%)
*	Accsys Technologies PLC		9,505		19,986
	Anglo Pacific Group PLC		1,161,218		2,056,646
	Breedon Group PLC		896,636		1,203,060
*	Carclo PLC		32,211		19,710
	Castings PLC		172,368		848,867
	Centamin PLC		7,789,836		9,952,451
	Central Asia Metals PLC		618,945		2,074,614
*	Elementis PLC		3,362,679		6,410,614
	Essentra PLC		1,682,633		6,701,589
	Ferrexpo PLC		2,074,224		8,848,420
	Forterra PLC		1,580,936		5,604,586
	Gem Diamonds Ltd.		413,552		305,639
	Hill & Smith Holdings PLC		545,011		13,677,859
	Hochschild Mining PLC		1,781,849		3,473,628
	Ibstock PLC		2,898,727		7,916,948
	Marshalls PLC		1,408,571		13,643,131
	Pan African Resources PLC		1,363,786		322,878
*	Petra Diamonds Ltd.		876,587		18,622
# *	Petropavlovsk PLC		3,173,564		1,028,292
	RHI Magnesita NV		127,640		5,865,751
*	SolGold PLC		438,575		166,255
	Synthomer PLC		2,263,160		15,684,931
	Treatt PLC		15,933		241,274
	Victrex PLC		576,646		18,032,016
	Zotefoams PLC		103,100		509,349
TOTAL MATERIALS					124,627,116
REAL ESTATE — (3.7%)
	CLS Holdings PLC		750,570		2,296,558
	Foxtons Group PLC		1,224,286		788,419
	Grainger PLC		4,411,972		18,556,053
	Helical PLC		816,328		5,145,290
*	IWG PLC		3,858,261		16,364,344
	LSL Property Services PLC		438,441		2,644,597
# *	Purplebricks Group PLC		106,323		76,660
*	Raven Property Group Ltd.		844,687		408,107
	Savills PLC		986,247		19,181,608

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
REAL ESTATE — (Continued)
	Sirius Real Estate Ltd.		770,765	$	1,423,759
*	U & I Group PLC		854,268		1,006,046
	Watkin Jones PLC		671,622		2,215,660
TOTAL REAL ESTATE					70,107,101
UTILITIES — (2.5%)
*	Centrica PLC		19,338,945		15,964,039
	ContourGlobal PLC		130,811		356,046
	Drax Group PLC		2,521,289		18,336,886
	Pennon Group PLC		345,445		5,510,038
	Telecom Plus PLC		420,402		7,179,600
TOTAL UTILITIES					47,346,609
TOTAL COMMON STOCKS Cost ($1,462,298,964)					1,887,888,713
				Value†
SECURITIES LENDING COLLATERAL — (0.8%)
@ §	The DFA Short Term Investment Fund		1,351,028		15,631,396
TOTAL INVESTMENTS — (100.0%) (Cost $ 1,477,926,404)				$	1,903,520,109

ADR American Depositary Receipt

» Securities that have been fair value factored. See Note B to Financial Statements.

* Non-Income Producing Securities.

# Total or Partial Securities on Loan.

†† Security valued using significant unobservable inputs (Level 3).

† See Note B to Financial Statements.

@ Security purchased with cash collateral received from Securities on Loan.

§ Affiliated Fund.

Summary of the Series’ investments as of October 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	$	55,069	$	71,946,490		—	$	72,001,559
Consumer Discretionary		—		376,642,802		—		376,642,802
Consumer Staples		—		127,523,089		—		127,523,089
Energy		—		44,336,800		—		44,336,800
Financials		—		315,831,666		—		315,831,666
Health Care		—		61,166,323		—		61,166,323
Industrials		—		486,698,773		—		486,698,773
Information Technology		—		161,606,875		—		161,606,875
Materials		—		124,627,116		—		124,627,116
Real Estate		—		70,107,101		—		70,107,101
Utilities		—		47,346,609		—		47,346,609
Securities Lending Collateral		—		15,631,396		—		15,631,396
TOTAL	$	55,069	$	1,903,465,040		—	$	1,903,520,109

See accompanying Notes to Financial Statements.

THE CONTINENTAL SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

October 31, 2021

		Shares		Value»
COMMON STOCKS — (94.7%)
AUSTRIA — (3.1%)
	Agrana Beteiligungs AG		83,141	$	1,754,530
	ANDRITZ AG		473,948		26,919,532
	AT&S Austria Technologie & Systemtechnik AG		196,445		7,537,743
	Atrium European Real Estate Ltd.		1,073,908		4,410,237
W	BAWAG Group AG		73,789		4,640,975
# *	DO & Co. AG		47,356		4,289,848
	EVN AG		241,985		6,833,053
*	FACC AG		144,102		1,476,009
*	Flughafen Wien AG		30,811		1,015,449
#	IMMOFINANZ AG		680,830		16,303,227
	Josef Manner & Comp AG		870		109,665
# *	Kapsch TrafficCom AG		29,728		529,550
*	Lenzing AG		87,368		10,535,797
	Mayr Melnhof Karton AG		56,619		11,144,200
	Oberbank AG		25,007		2,630,918
#	Oesterreichische Post AG		244,378		10,317,337
	Palfinger AG		101,341		4,477,773
#	POLYTEC Holding AG		109,361		1,071,259
# *	Porr AG		75,457		1,083,529
	Raiffeisen Bank International AG		95,986		2,804,703
#	Rosenbauer International AG		21,100		1,153,196
	S IMMO AG		346,922		8,230,055
*	Schoeller-Bleckmann Oilfield Equipment AG		66,862		2,727,240
	Semperit AG Holding		71,506		2,413,869
	Strabag SE		106,594		4,576,470
	Telekom Austria AG, Class A		1,136,703		9,821,119
#	UBM Development AG		21,002		1,037,477
	UNIQA Insurance Group AG		1,028,270		9,572,308
	Vienna Insurance Group AG Wiener Versicherung Gruppe		305,769		8,906,972
	voestalpine AG		545,498		20,718,597
	Wienerberger AG		658,781		23,321,225
	Zumtobel Group AG		155,917		1,607,094
TOTAL AUSTRIA					213,970,956
BELGIUM — (3.8%)
	Ackermans & van Haaren NV		177,966		30,604,090
*	AGFA-Gevaert NV		1,301,362		5,658,358
*	Akka Technologies		78,596		4,351,732
#	Atenor		22,537		1,496,062
	Banque Nationale de Belgique		87		172,061
	Barco NV		474,841		10,702,705
	Bekaert SA		264,354		11,579,157
# * W	Biocartis Group NV		227,423		1,038,832
*	bpost SA		611,168		5,236,079
# *	Celyad Oncology SA		42,190		185,820
	Cie d’Entreprises CFE		49,898		5,101,449
	Deceuninck NV		468,787		1,999,070
	D’ieteren Group		194,540		33,543,417
	Econocom Group SA/NV		727,792		3,077,093
#	Elia Group SA		132,252		15,428,979
#	Etablissements Franz Colruyt NV		92,593		4,546,119
	Euronav NV		1,306,429		13,902,470
# *	Euronav NV		44,428		468,715
	EVS Broadcast Equipment SA		69,287		1,625,368
#	Exmar NV		145,690		776,104
	Fagron		299,623		5,195,954
*	Galapagos NV		136,356		7,220,129

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
BELGIUM — (Continued)
	Gimv NV		120,699	$	7,797,675
*	Greenyard NV		2,890		28,069
#	Immobel SA		23,226		2,047,425
	Ion Beam Applications		132,008		2,600,351
	Jensen-Group NV		20,961		641,982
*	Kinepolis Group NV		97,118		6,117,532
	Lotus Bakeries NV		1,860		12,347,841
# *	MDxHealth		69,016		93,108
	Melexis NV		123,644		14,260,658
# *	Ontex Group NV		398,872		3,761,225
# *	Oxurion NV		128,049		315,449
# *	Picanol		26,368		2,094,891
	Proximus SADP		526,586		9,916,434
	Recticel SA		303,699		5,608,847
	Resilux		5,872		1,220,968
	Roularta Media Group NV		19,318		364,670
	Shurgard Self Storage SA		37,083		2,272,739
	Sipef NV		38,999		2,625,146
	Telenet Group Holding NV		223,832		8,041,389
	TER Beke SA		3,661		507,337
*	Tessenderlo Group SA		206,316		7,529,297
	Van de Velde NV		42,982		1,492,600
	VGP NV		15,225		3,937,683
	Viohalco SA		498,361		2,512,189
TOTAL BELGIUM					262,045,268
CANADA — (0.0%)
*	International Petroleum Corp.		127,085		709,749
DENMARK — (5.3%)
*	ALK-Abello AS		44,401		19,243,505
#	Alm Brand AS		554,009		4,274,094
# *	Asetek AS		19,672		99,348
# *	Bang & Olufsen AS		696,133		3,426,631
	BankNordik P/F		10,800		243,169
*	Bavarian Nordic AS		405,188		19,439,208
# *	Better Collective AS		48,411		1,031,573
# *	Brodrene Hartmann AS		16,148		966,435
	cBrain AS		10,056		544,935
	Chemometec AS		48,332		7,328,911
	Columbus AS		481,785		707,551
	D/S Norden AS		203,905		4,927,604
*	Dfds AS		279,193		14,469,884
*	Djurslands Bank AS		6,232		337,063
# *	Drilling Co. of 1972 AS		95,675		3,429,503
	FLSmidth & Co. AS		279,851		10,640,010
	Fluegger Group AS		4,198		462,241
	GronlandsBANKEN AS		1,125		107,243
	H Lundbeck AS		209,309		5,829,131
*	H+H International AS, Class B		127,347		5,036,804
*	Harboes Bryggeri AS, Class B		5,094		78,844
	INVISIO AB		555		10,045
# *	ISS AS		646,910		12,908,866
	Jeudan AS		38,980		1,659,057
*	Jyske Bank AS		470,802		22,969,023
	Lan & Spar Bank		4,895		459,855
	Matas AS		280,905		5,496,340
# W	Netcompany Group AS		33,847		3,854,244
*	Nilfisk Holding AS		153,943		5,369,366

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
DENMARK — (Continued)
*	NKT AS		276,029	$	13,299,932
# W	NNIT AS		71,567		1,345,072
	North Media AS		5,372		100,928
*	NTG Nordic Transport Group AS, Class A		7,331		599,388
*	Parken Sport & Entertainment AS		13,669		182,630
	Per Aarsleff Holding AS		134,747		5,815,945
	Ringkjoebing Landbobank AS		195,777		24,871,398
	Rockwool International AS, Class A		433		173,723
	Royal Unibrew AS		331,556		41,187,654
#	RTX AS		54,444		1,295,803
W	Scandinavian Tobacco Group AS, Class A		435,180		9,785,353
	Schouw & Co. AS		97,891		9,521,342
#	SimCorp AS		271,754		32,907,854
	Solar AS, Class B		40,088		4,658,076
	SP Group AS		202		12,513
	Spar Nord Bank AS		606,502		7,816,531
	Sydbank AS		485,955		16,699,895
	TCM Group AS		2,578		62,914
# *	Tivoli AS		9,878		1,325,151
#	Topdanmark AS		428,065		22,717,813
	UIE PLC		10,336		2,774,591
*	Zealand Pharma AS		224,203		7,194,380
TOTAL DENMARK					359,699,369
FINLAND — (5.8%)
	Aktia Bank Oyj		344,733		4,935,376
	Alandsbanken Abp, Class B		23,036		846,317
	Alma Media Oyj		133,889		1,731,085
	Anora Group Oyj		12,029		149,045
	Apetit Oyj		21,105		300,010
	Aspo Oyj		104,670		1,473,413
	Atria Oyj, Class A		98,413		1,269,062
*	BasWare Oyj		54,715		2,032,476
#	Bittium Oyj		204,447		1,231,422
	Cargotec Oyj, Class B		301,749		15,625,904
	Caverion Oyj		645,461		5,099,883
#	Citycon Oyj		477,252		3,923,030
	Digia Oyj		83,685		667,814
W	Enento Group Oyj		1,665		70,320
# *	Finnair Oyj		4,817,537		3,680,288
	Fiskars Oyj Abp		209,781		5,156,825
	F-Secure Oyj		669,027		3,775,119
	Glaston Oyj ABP		9,217		13,589
	Harvia Oyj		52,938		3,250,250
	HKScan Oyj, Class A		234,984		535,420
	Huhtamaki Oyj		673,038		29,346,505
	Ilkka-Yhtyma Oyj		58,887		316,633
#	Kamux Corp		59,097		917,008
	Kemira Oyj		772,047		11,857,006
	Kojamo Oyj		448,946		10,058,437
	Konecranes Oyj, Class A		458,040		19,052,001
	Lassila & Tikanoja Oyj		209,178		3,287,159
# *	Lehto Group Oyj		159,853		190,598
	Marimekko Oyj		738		70,533
	Metsa Board Oyj		1,246,388		11,535,424
	Metso Outotec Oyj		1,111,615		11,167,740
*	Multitude SE		39,731		219,094
	Musti Group Oyj		40,515		1,593,744
	Neles Oyj		706,962		10,593,885

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
FINLAND — (Continued)
#	Nokian Renkaat Oyj		768,570	$	28,861,457
	Olvi Oyj, Class A		98,335		5,963,794
*	Optomed Oy		1,075		13,009
	Oriola Oyj, Class A		6,054		13,731
	Oriola Oyj, Class B		880,807		2,019,006
	Orion Oyj, Class A		143,951		6,210,352
#	Orion Oyj, Class B		636,552		27,564,996
# *	Outokumpu Oyj		2,801,973		17,453,199
#	Pihlajalinna Oyj		77,064		1,048,216
	Ponsse Oyj		71,199		3,663,797
*	QT Group Oyj		84,479		13,668,108
	Raisio Oyj, Class V		954,967		3,866,620
*	Rapala VMC Oyj		116,693		1,191,516
	Raute Oyj, Class A		1,817		45,371
	Revenio Group Oyj		138,743		9,154,983
# W	Rovio Entertainment Oyj		18,485		151,240
	Sanoma Oyj		725,636		11,295,745
	Taaleri Oyj		8,120		102,539
	Talenom Oyj		1,755		28,128
	Teleste Oyj		52,966		323,522
W	Terveystalo Oyj		80,486		1,047,569
	TietoEVRY Oyj		481,733		14,773,448
	Tokmanni Group Corp.		373,200		8,491,364
	Uponor Oyj		396,760		9,691,393
	Vaisala Oyj, Class A		120,730		6,411,528
	Valmet Oyj		924,559		37,533,401
	Verkkokauppa.com Oyj		9,347		76,552
*	Viking Line Abp		6,921		125,301
	Wartsila OYJ Abp		760,320		10,544,292
#	YIT Oyj		1,234,813		7,277,634
TOTAL FINLAND					394,584,226
FRANCE — (10.4%)
	ABC arbitrage		126,936		1,045,591
	AKWEL		67,443		1,722,435
	Albioma SA		193,337		7,605,695
W	ALD SA		31,614		471,223
	Altamir		136,094		3,860,401
	Alten SA		143,801		23,172,136
# *	Amplitude Surgical SAS		19,526		47,662
#	Assystem SA		60,928		2,180,568
# *	Atari SA		106,003		38,829
	Atos SE		337,963		17,632,434
	Aubay		43,725		2,711,863
	Axway Software SA		38,973		1,227,061
	Bastide le Confort Medical		18,680		948,079
*	Beneteau SA		251,906		3,845,640
#	Bigben Interactive		95,323		1,808,680
	Boiron SA		37,981		1,838,269
	Bonduelle SCA		106,185		2,720,771
††	Bourbon Corp.		28,851		0
	Burelle SA		850		651,385
# *	Casino Guichard Perrachon SA		271,603		6,772,649
*	Catana Group		6,410		46,582
*	Catering International Services		12,144		195,039
*	Cegedim SA		43,220		1,295,363
# *	CGG SA		4,466,064		3,229,839
	Chargeurs SA		142,357		4,229,684
# *	Cie des Alpes		137,830		2,440,772

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
FRANCE — (Continued)
	Cie Plastic Omnium SA		411,474	$	11,423,279
# *	Claranova SADIR		66,462		415,060
*	Coface SA		742,169		10,611,383
*	DBV Technologies SA		1,382		9,053
*	Derichebourg SA		716,994		8,159,596
*	Ekinops SAS		5,333		46,967
	Electricite de Strasbourg SA		21,112		2,845,902
* W	Elior Group SA		741,421		5,865,966
*	Elis SA		1,176,252		22,334,192
*	Eramet SA		75,768		6,331,939
*	Esso SA Francaise		5,217		82,146
# *	Etablissements Maurel et Prom SA		322,113		927,437
	Eurazeo SE		33,820		3,170,077
W	Euronext NV		51,337		5,775,640
#	Eutelsat Communications SA		1,378,833		19,597,545
# *	Exel Industries, Class A		10,459		852,023
	Faurecia SE		649,627		33,928,710
	Fleury Michon SA		1,722		45,540
	Fnac Darty SA		129,533		8,409,603
*	Gaumont SA		10,715		1,263,667
	Gaztransport Et Technigaz SA		148,516		12,276,414
#	GEA		2,433		300,626
# *	GL Events		58,364		1,233,588
	Groupe Crit		22,187		1,741,594
	Groupe Gorge SA		4,320		78,622
	Groupe SFPI		21,754		92,071
	Guerbet		44,037		1,944,041
*	Haulotte Group SA		73,020		423,942
	HEXAOM		15,908		805,422
*	ID Logistics Group		14,908		5,481,926
#	Imerys SA		228,430		9,901,374
	Infotel SA		637		36,758
# *	Innate Pharma SA		15,558		87,511
	Ipsen SA		3,455		357,571
	IPSOS		278,704		13,062,162
	Jacquet Metals SACA		89,804		2,190,329
*	JCDecaux SA		222,724		5,810,938
	Kaufman & Broad SA		123,945		4,972,632
	Korian SA		488,212		16,263,858
*	Lagardere SA		464,763		12,286,984
	Laurent-Perrier		13,890		1,548,393
	Lectra		180,913		7,579,491
	Linedata Services		15,432		680,293
	LISI		117,088		3,256,132
	LNA Sante SA		33,206		1,908,994
W	Maisons du Monde SA		289,712		6,572,588
	Manitou BF SA		68,399		2,324,828
	Manutan International		15,102		1,251,454
	Mersen SA		120,717		4,528,604
*	METabolic EXplorer SA		18,613		119,294
	Metropole Television SA		245,323		5,407,705
* W	Neoen SA		81,146		3,736,159
	Nexans SA		205,516		20,620,153
	Nexity SA		323,674		14,797,466
# *	Nicox		145,865		548,909
	NRJ Group		87,189		580,942
#	Oeneo SA		128,172		1,997,093
*	OL Groupe SA		10,735		27,546
*	Onxeo SA		64,575		37,374

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
FRANCE — (Continued)
# *	Onxeo SA		48,958	$	28,488
	Orpea SA		31,850		3,326,859
	Pharmagest Interactive		5,798		636,324
	Plastiques Du Val De Loire		14,341		98,477
	Quadient SA		237,685		5,682,303
*	Rallye SA		36,059		232,008
# * ††	Recylex SA		102,008		40,860
	Rexel SA		2,125,412		42,245,103
	Robertet SA		2,898		3,182,029
	Rothschild & Co.		127,757		5,635,098
	Rubis SCA		583,068		18,686,919
	Samse SA		7,930		1,905,442
	Savencia SA		35,032		2,592,727
	SCOR SE		527,365		17,753,810
	Seche Environnement SA		19,104		1,511,890
	SES SA, Class A		1,397,450		12,550,788
* W	SMCP SA		20,320		166,856
#	Societe BIC SA		178,321		10,365,541
*	Societe des Bains de Mer et du Cercle des Etrangers a Monaco		41,466		3,308,317
	Societe Marseillaise du Tunnel Prado-Carenage SA		5,211		147,927
	Societe pour l’Informatique Industrielle		47,225		2,150,709
*	SOITEC		135,169		35,988,721
# *	Solocal Group		681,417		1,030,582
	Somfy SA		88,911		17,454,773
	Sopra Steria Group SACA		117,178		23,039,267
	SPIE SA		867,257		21,089,130
# * W	SRP Groupe SA		56,827		139,102
	Stef SA		25,714		3,218,493
	Sword Group		35,678		1,742,979
	Synergie SE		67,143		3,099,347
*	Technip Energies NV		74,029		1,139,335
	Television Francaise 1		427,799		4,579,953
#	TFF Group		9,347		292,504
	Thermador Groupe		37,127		4,220,596
	Tikehau Capital SCA		18,672		556,002
	Total Gabon		3,969		620,899
	Trigano SA		60,493		11,355,333
*	Ubisoft Entertainment SA		75,905		3,974,673
	Union Financiere de France BQE SA		18,515		389,413
	Valeo		396,546		11,651,338
*	Vallourec SA		296,298		2,368,619
W	Verallia SA		78,579		2,909,198
*	Verimatrix SA		6,175		8,835
	Vetoquinol SA		16,919		2,893,359
	Vicat SA		139,019		5,933,153
	VIEL & Cie SA		156,945		1,072,655
	Vilmorin & Cie SA		35,845		2,279,102
	Virbac SA		25,476		12,912,574
*	Vranken-Pommery Monopole SA		16,787		341,466
	Wavestone		5,109		281,353
* W	X-Fab Silicon Foundries SE		71,105		710,135
*	Xilam Animation SA		415		19,404
TOTAL FRANCE					710,266,924
GERMANY — (15.1%)
	1&1 AG		229,080		6,667,371
	7C Solarparken AG		49,469		239,172
#	Aareal Bank AG		522,360		16,697,438
	Adesso SE		3,194		712,220

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
GERMANY — (Continued)
*	ADVA Optical Networking SE		394,342	$	5,228,086
	AIXTRON SE		613,653		14,574,098
	All for One Group SE		4,222		333,079
#	Allgeier SE		48,818		1,600,070
	Amadeus Fire AG		3,558		822,035
	Atoss Software AG		12,086		2,734,935
	Aurubis AG		287,587		24,781,328
	Basler AG		33,961		6,259,866
# *	Bauer AG		99,166		1,290,032
	BayWa AG		105,190		4,449,839
	BayWa AG		124		6,783
W	Befesa SA		25,814		1,920,552
	Bertrandt AG		38,682		2,523,234
#	bet-at-home.com AG		22,014		449,781
*	Bijou Brigitte AG		23,422		668,627
	Bilfinger SE		205,392		7,218,482
# *	Borussia Dortmund GmbH & Co. KGaA		689,485		3,804,784
	CANCOM SE		237,362		16,410,002
# *	CECONOMY AG		1,041,518		5,081,504
	CENIT AG		54,144		908,887
	Cewe Stiftung & Co. KGAA		44,522		6,221,412
*	Commerzbank AG		2,479,901		18,110,417
	CompuGroup Medical SE & Co. KgaA		201,911		16,877,941
# *	Corestate Capital Holding SA		81,658		963,504
	CropEnergies AG		180,904		2,596,759
*	CTS Eventim AG & Co. KGaA		44,928		3,267,637
	Data Modul AG Produktion Und Vertrieb Von Elektronischen Systemen		11,455		859,860
	Dermapharm Holding SE		72,225		7,264,582
	Deutsche Beteiligungs AG		115,972		5,358,845
	Deutsche EuroShop AG		340,720		6,935,062
# *	Deutsche Lufthansa AG		268,798		1,776,893
W	Deutsche Pfandbriefbank AG		1,147,060		14,232,554
*	Deutz AG		1,082,957		9,076,846
	DIC Asset AG		387,433		6,800,843
	DMG Mori AG		9,848		478,367
#	Dr Hoenle AG		35,520		1,716,448
	Draegerwerk AG & Co. KGaA		20,476		1,526,608
	Duerr AG		412,337		18,688,327
	Eckert & Ziegler Strahlen- und Medizintechnik AG		126,499		18,941,601
*	EDAG Engineering Group AG		51,353		691,484
	Elmos Semiconductor SE		1,926		89,673
*	ElringKlinger AG		218,091		3,081,088
#	Encavis AG		316,928		6,641,519
	Energiekontor AG		2,998		270,467
# *	Evotec SE		81,829		3,966,654
	Fabasoft AG		509		19,727
	Fielmann AG		131,199		8,651,750
	First Sensor AG		5,878		298,829
# *	flatexDEGIRO AG		80,824		1,835,967
*	Francotyp-Postalia Holding AG, Class A		54,074		183,360
*	Fraport AG Frankfurt Airport Services Worldwide		107,116		7,666,450
	Freenet AG		1,000,321		25,763,506
	FUCHS PETROLUB SE		110,216		4,060,521
	GEA Group AG		742,082		36,548,405
#	Gerresheimer AG		261,448		23,988,547
*	Gesco AG		55,404		1,511,284
	GFT Technologies SE		155,299		7,323,290
*	Global Fashion Group SA		76,275		686,821
	Grand City Properties SA		893,804		22,893,585

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
GERMANY — (Continued)
	GRENKE AG		1,476	$	57,552
*	H&R GmbH & Co. KGaA		71,674		739,361
	Hamburger Hafen und Logistik AG		191,371		4,293,003
	Hawesko Holding AG		313		21,246
*	Heidelberger Druckmaschinen AG		1,571,322		4,040,316
#	Hella GmbH & Co. KGaA		208,802		14,482,505
*	Highlight Communications AG		98,406		451,124
	Hochtief AG		4,694		362,143
*	HolidayCheck Group AG		329,555		1,032,575
	Hornbach Baumarkt AG		69,699		3,132,671
	Hornbach Holding AG & Co. KGaA		50,228		6,351,704
	Hugo Boss AG		459,212		28,754,576
*	Hypoport SE		5,738		3,532,502
	Indus Holding AG		137,359		5,404,550
W	Instone Real Estate Group AG		36,903		972,842
	IVU Traffic Technologies AG		65,267		1,524,197
	Jenoptik AG		412,949		15,806,857
W	JOST Werke AG		7,084		410,583
*	K+S AG		1,479,794		25,500,212
*	Kloeckner & Co. SE		529,174		7,109,749
*	Koenig & Bauer AG		96,921		3,419,909
	Krones AG		114,103		11,758,845
	KSB SE & Co. KGaA		3,293		1,690,670
	KWS Saat SE & Co. KGaA		81,303		6,940,348
	Lanxess AG		599,001		40,362,102
	Leifheit AG		60,643		2,433,526
# *	Leoni AG		215,274		3,341,933
	LPKF Laser & Electronics AG		32,673		724,584
*	Manz AG		28,275		1,477,884
*	Mediclin AG		86,554		410,573
*	Medigene AG		116,971		485,432
*	Medios AG		972		41,033
	METRO AG		605,145		7,649,717
	MLP SE		427,133		4,117,884
# *	MorphoSys AG		87,234		4,105,777
*	Nagarro SE		56,062		11,278,913
	New Work SE		20,199		4,930,958
	Nexus AG		92,867		8,112,156
# *	Nordex SE		677,955		12,458,989
	Norma Group SE		234,408		10,070,414
	OHB SE		37,995		1,664,532
	Patrizia AG		351,407		9,711,184
	Pfeiffer Vacuum Technology AG		48,041		11,991,794
#	PNE AG		491,579		4,746,903
*	Progress-Werk Oberkirch AG		8,558		264,781
#	ProSiebenSat.1 Media SE		1,393,286		23,338,566
	PSI Software AG		60,829		2,936,136
*	PVA TePla AG		51,372		2,342,219
*	q.beyond AG		780,051		1,800,435
*	R Stahl AG		14,952		387,715
	Rheinmetall AG		309,902		30,068,830
#	S&T AG		348,684		8,378,940
*	SAF-Holland SE		338,167		4,697,545
*	Salzgitter AG		298,078		10,936,473
	Schloss Wachenheim AG		6,929		158,602
W	Scout24 AG		78,417		5,461,433
	Secunet Security Networks AG		7,840		4,115,381
*	SGL Carbon SE		363,311		3,474,296
#	Siltronic AG		146,283		22,821,635

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
GERMANY — (Continued)
*	Sixt SE		98,740	$	17,023,983
#	SMA Solar Technology AG		85,699		4,531,150
# *	SNP Schneider-Neureither & Partner SE		3,170		163,915
	Softing AG		14,914		117,335
	Software AG		377,227		15,514,759
	Stabilus SA		176,786		13,275,476
	STRATEC SE		27,854		4,448,531
	Stroeer SE & Co. KGaA		201,474		17,086,812
	Suedzucker AG		537,567		8,528,029
*	SUESS MicroTec SE		150,677		3,962,434
	Surteco Group SE		47,139		2,005,613
	TAG Immobilien AG		1,033,296		31,392,640
	Takkt AG		244,752		3,999,456
* W	TeamViewer AG		199,231		2,973,576
	Technotrans SE		46,673		1,380,206
*	thyssenkrupp AG		1,052,119		10,952,219
	Traffic Systems SE		36,351		1,897,540
	United Internet AG		4,025		148,524
# *	va-Q-tec AG		2,370		75,081
#	Varta AG		24,311		3,746,502
#	VERBIO Vereinigte BioEnergie AG		173,398		13,787,039
*	Vivoryon Therapeutics NV		5,400		113,041
	Vossloh AG		69,710		3,735,341
	Wacker Chemie AG		59,024		10,666,043
	Wacker Neuson SE		229,920		7,547,215
	Washtec AG		79,231		5,155,847
# *	Westwing Group AG		41,567		1,303,806
	Wuestenrot & Wuerttembergische AG		115,851		2,413,168
	Zeal Network SE		53,966		2,371,517
*	zooplus AG		5,201		2,876,627
TOTAL GERMANY					1,025,532,378
GREECE — (0.0%)
††	Alfa Alfa Energy SA		3,810		0
††	Neorion Holdings SA		14,991		0
IRELAND — (1.0%)
*	AIB Group PLC		828,430		2,242,126
*	Bank of Ireland Group PLC		6,006,044		35,779,124
	Cairn Homes PLC		1,784,468		2,316,651
*	Dalata Hotel Group PLC		184,865		790,773
*	Datalex PLC		123,079		126,607
*	FBD Holdings PLC		125,459		1,125,498
*	FBD Holdings PLC		17,353		165,336
	Glanbia PLC		428,953		7,005,271
	Glanbia PLC		700,613		11,353,649
* W	Glenveagh Properties PLC		684,324		862,881
*	Irish Continental Group PLC		586,653		2,884,269
*	Irish Continental Group PLC		234,200		1,164,953
*	Permanent TSB Group Holdings PLC		252,400		466,490
TOTAL IRELAND					66,283,628
ISRAEL — (3.3%)
	Adgar Investment & Development Ltd.		45,374		104,273
#	Afcon Holdings Ltd.		3,064		185,478
*	AFI Properties Ltd.		109,219		5,672,809
	Africa Israel Residences Ltd.		3,453		188,358
*	Airport City Ltd.		285,028		5,441,238

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
ISRAEL — (Continued)
	Albaad Massuot Yitzhak Ltd.		2,031	$	27,526
# *	Allot Ltd.		189,485		2,803,048
# *	Alrov Properties & Lodgings Ltd.		49,832		2,741,115
	Arad Ltd.		19,614		292,836
	Ashtrom Group Ltd.		196,526		4,595,282
#	Atreyu Capital Markets Ltd.		4,320		78,473
#	AudioCodes Ltd.		30,337		1,056,144
#	AudioCodes Ltd.		2,698		95,617
	Aura Investments Ltd.		27,798		41,172
# *	Avgol Industries 1953 Ltd.		468,925		451,299
*	Azorim-Investment Development & Construction Co. Ltd.		547,011		2,444,947
# *	Bet Shemesh Engines Holdings 1997 Ltd.		21,702		546,460
	Big Shopping Centers Ltd.		20,438		3,065,341
	Blue Square Real Estate Ltd.		36,759		2,844,243
*	Brack Capital Properties NV		18,347		2,141,616
*	Brainsway Ltd.		17,217		69,097
# *	Camtek Ltd.		115,637		4,644,733
	Carasso Motors Ltd.		132,164		776,387
*	Cellcom Israel Ltd.		495,333		1,874,343
# *	Ceragon Networks Ltd.		266,244		934,516
*	Clal Insurance Enterprises Holdings Ltd.		317,251		7,838,630
*	Compugen Ltd.		120,052		761,005
	Danel Adir Yeoshua Ltd.		22,301		4,717,230
	Delek Automotive Systems Ltd.		229,021		2,998,570
*	Delek Group Ltd.		27,859		2,320,237
#	Delta Galil Industries Ltd.		71,313		3,662,045
	Dor Alon Energy in Israel 1988 Ltd.		16,285		466,913
	Duniec Brothers Ltd.		1,134		63,060
#	Electra Consumer Products 1970 Ltd.		54,447		2,558,431
#	Electra Ltd.		11,665		7,686,581
	Electra Real Estate Ltd.		35,266		549,771
*	Ellomay Capital Ltd.		1,340		41,259
#	Energix-Renewable Energies Ltd.		131,262		617,795
# *	Enlight Renewable Energy Ltd.		2,905,156		7,162,156
*	Equital Ltd.		117,510		3,611,551
# *	Evogene Ltd.		31,584		83,466
*	Fattal Holdings 1998 Ltd.		6,095		655,008
	FMS Enterprises Migun Ltd.		19,186		620,776
	Formula Systems 1985 Ltd.		63,135		6,800,476
	Formula Systems 1985 Ltd., Sponsored ADR		640		68,941
	Fox Wizel Ltd.		58,988		8,135,861
#	Freshmarket Ltd.		9,726		42,603
	Gav-Yam Lands Corp. Ltd.		670,458		7,979,704
#	Gilat Satellite Networks Ltd.		236,247		1,955,307
#	Hadera Paper Ltd.		21,885		1,749,610
	Harel Insurance Investments & Financial Services Ltd.		709,910		7,936,963
#	Hilan Ltd.		102,277		5,669,462
	IDI Insurance Co. Ltd.		45,880		1,844,674
	IES Holdings Ltd.		322		28,118
	Ilex Medical Ltd.		1,832		66,567
#	Inrom Construction Industries Ltd.		359,755		1,848,730
	Isracard Ltd.		44,630		179,393
	Israel Canada T.R Ltd.		142,161		686,110
#	Israel Land Development - Urban Renewal Ltd.		51,738		732,903
	Isras Investment Co. Ltd.		5,793		1,294,210
# *	Issta Lines Ltd.		13,336		338,264
# *	Itamar Medical Ltd.		16,668		16,845
# *	Kamada Ltd.		212,977		1,218,151
	Kenon Holdings Ltd.		132,631		5,324,288

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares			Value»
ISRAEL — (Continued)
	Kerur Holdings Ltd.		32,654		$	983,265
#	Klil Industries Ltd.		5,696			526,290
	M Yochananof & Sons Ltd.		735			50,736
	Magic Software Enterprises Ltd.		134,651			2,862,419
#	Malam - Team Ltd.		7,935			266,982
	Matrix IT Ltd.		230,989			6,271,653
#	Maytronics Ltd.		186,704			4,413,351
	Mediterranean Towers Ltd.		434,044			1,357,001
	Mega Or Holdings Ltd.		82,181			3,255,409
*	Mehadrin Ltd.		1,666			97,357
	Meitav Dash Investments Ltd.		132,413			716,153
	Menora Mivtachim Holdings Ltd.		183,161			4,237,325
	Migdal Insurance & Financial Holdings Ltd.		2,632,241			4,479,523
	Mivne Real Estate KD Ltd.		293,458			1,069,916
#	Mivtach Shamir Holdings Ltd.		27,751			998,523
	Mizrahi Tefahot Bank Ltd.		1			38
*	Naphtha Israel Petroleum Corp. Ltd.		244,337			1,514,337
#	Nawi Brothers Ltd.		120,452			1,071,767
*	Neto Malinda Trading Ltd.		541			16,851
	Neto ME Holdings Ltd.		9,852			487,547
*	Nova Ltd.		97,194			10,378,728
	Novolog Ltd.		77,254	��		71,374
#	NR Spuntech Industries Ltd.		76,176			199,158
# *	Oil Refineries Ltd.		12,149,257			3,287,377
#	One Software Technologies Ltd.		36,860			630,688
# *	OPC Energy Ltd.		91,888			961,848
# *	Partner Communications Co. Ltd.		814,741			4,119,733
# *	Paz Oil Co. Ltd.		61,029			7,778,377
*	Perion Network Ltd.		68,990			1,927,851
	Plasson Industries Ltd.		20,201			1,512,086
	Prashkovsky Investments & Construction Ltd.		1,390			43,817
	Priortech Ltd.		1,827			57,147
	Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.		52,258			3,934,411
	Scope Metals Group Ltd.		47,147			2,126,986
	Shufersal Ltd.		375,024			3,105,963
*	Summit Real Estate Holdings Ltd.		215,385			3,912,849
	Suny Cellular Communication Ltd.		312,529			144,430
	Tadiran Group Ltd.		16,403			2,138,780
#	Tel Aviv Stock Exchange Ltd.		4,097			22,453
*	Tera Light Ltd.		183,161			462,482
	Tiv Taam Holdings 1 Ltd.		5,700			17,607
#	Victory Supermarket Chain Ltd.		2,032			43,668
	YH Dimri Construction & Development Ltd.		13,830			992,844
TOTAL ISRAEL						225,995,115
ITALY — (8.3%)
	A2A SpA		12,233,648			25,743,846
	ACEA SpA		389,250			8,443,561
*	Aeffe SpA		177,250			514,393
W	Anima Holding SpA		2,288,575			12,160,209
*	Aquafil SpA		83,333			751,865
*	Arnoldo Mondadori Editore SpA		1,052,111			2,432,772
	Ascopiave SpA		477,634			1,945,606
*	Autogrill SpA		10,773			84,573
	Autostrade Meridionali SpA		3,917			128,053
#	Avio SpA		110,432			1,469,278
	Azimut Holding SpA		906,940			26,118,330
# *	Banca Generali SpA		479,643			22,564,658
	Banca IFIS SpA		213,020			3,939,086

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
ITALY — (Continued)
#	Banca Mediolanum SpA		433,126	$	4,364,657
# *	Banca Monte dei Paschi di Siena SpA		213,039		254,571
	Banca Popolare di Sondrio SCPA		3,196,495		13,890,423
	Banca Profilo SpA		1,711,765		413,403
# * W	Banca Sistema SpA		414,926		1,086,549
#	Banco BPM SpA		12,107,842		37,652,859
	Banco di Desio e della Brianza SpA		241,954		895,396
	Be Shaping The Future SpA		533,191		1,431,733
W	BFF Bank SpA		995,372		8,912,594
	BPER Banca		7,710,672		16,906,161
	Brembo SpA		671,736		8,823,008
*	Brunello Cucinelli SpA		253,564		15,383,769
	Buzzi Unicem SpA		667,359		15,565,110
	Cairo Communication SpA		553,009		1,157,514
W	Carel Industries SpA		16,045		463,011
	Cementir Holding NV		355,007		3,727,353
*	CIR SpA-Compagnie Industriali		2,173,202		1,197,345
	Credito Emiliano SpA		616,798		4,679,645
# *	d’Amico International Shipping SA		1,821,713		217,217
	Danieli & C Officine Meccaniche SpA		54,367		1,174,572
#	Danieli & C Officine Meccaniche SpA		102,606		3,454,041
	De’ Longhi SpA		398,689		15,596,680
	DeA Capital SpA		690,835		1,067,250
	Digital Bros SpA		29,466		1,426,433
W	doValue SpA		16,231		155,641
*	Elica SpA		166,709		692,759
	Emak SpA		529,457		1,233,297
* W	Enav SpA		117,855		517,175
	ERG SpA		413,402		14,933,699
	Esprinet SpA		276,233		3,588,158
# *	Eurotech SpA		216,751		1,257,989
	Fila SpA		142,640		1,720,999
# *	Fincantieri SpA		3,504,948		2,756,134
# ††	Finmatica SpA		5,960		0
*	FNM SpA		1,412,345		1,095,594
	Gefran SpA		35,925		469,497
# *	Geox SpA		400,340		508,302
	Gruppo MutuiOnline SpA		172,390		8,418,318
	Hera SpA		5,824,869		23,830,941
*	Illimity Bank SpA		118,459		1,869,764
*	IMMSI SpA		1,310,992		786,869
*	Intek Group SpA		1,885,608		740,951
	Interpump Group SpA		73,726		5,430,808
	Iren SpA		4,806,713		14,937,749
	Italgas SpA		3,792,959		24,098,500
	Italmobiliare SpA		76,857		2,697,343
*	IVS Group SA		58,424		428,853
# *	Juventus Football Club SpA		2,997,765		2,423,961
	La Doria SpA		97,056		1,861,756
*	Leonardo SpA		1,656,501		12,154,693
	LU-VE SpA		5,064		137,936
	Maire Tecnimont SpA		1,069,316		4,607,747
# * ††	Mariella Burani Fashion Group SpA		22,744		0
	Mediaset NV		3,564,565		10,013,357
	Openjobmetis SpA agenzia per il lavoro		63,025		838,444
* W	OVS SpA		1,754,591		5,040,099
	Pharmanutra SpA		700		55,048
	Piaggio & C SpA		1,284,185		4,305,023
W	Pirelli & C SpA		2,722,781		16,746,035

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
ITALY — (Continued)
# *	Prima Industrie SpA		32,067	$	708,473
W	RAI Way SpA		600,362		3,633,998
	Reno de Medici SpA		1,344,060		2,257,424
	Reply SpA		148,015		28,730,201
	Rizzoli Corriere Della Sera Mediagroup SpA		956,821		786,870
	Sabaf SpA		60,619		1,950,921
	SAES Getters SpA		900		26,738
# *	Safilo Group SpA		26,144		47,258
# *	Saipem SpA		3,496,778		7,661,352
*	Saras SpA		4,759,491		3,533,443
*	Servizi Italia SpA		50,192		120,897
	Sesa SpA		57,043		11,191,183
# *	Sogefi SpA		411,547		652,458
	SOL SpA		189,619		4,357,330
	Tamburi Investment Partners SpA		860,785		9,717,051
W	Technogym SpA		818,967		8,607,900
	Tinexta SpA		133,397		5,913,224
# *	Tiscali SpA		2,577,711		52,180
*	Tod’s SpA		83,275		4,593,294
	TXT e-solutions SpA		61,268		626,672
W	Unieuro SpA		154,222		3,623,573
	Unipol Gruppo SpA		3,525,971		20,251,022
	UnipolSai Assicurazioni SpA		69,983		202,650
	Webuild SpA		1,282,257		3,174,391
	Wiit SpA		2,125		75,085
	Zignago Vetro SpA		181,037		3,647,956
TOTAL ITALY					562,534,507
NETHERLANDS — (6.7%)
	Aalberts NV		720,618		39,885,206
*	Accell Group NV		159,811		6,588,702
# *	AFC Ajax NV		13,955		240,350
#	AMG Advanced Metallurgical Group NV		191,502		5,648,370
*	Amsterdam Commodities NV		30,979		869,579
	APERAM SA		370,635		22,098,597
	Arcadis NV		543,636		26,497,175
	ASR Nederland NV		931,393		43,537,226
*	Avantium NV		1,640		7,268
W	B&S Group Sarl		1,733		15,663
# * W	Basic-Fit NV		259,446		12,597,616
	BE Semiconductor Industries NV		464,004		42,394,069
# *	Beter Bed Holding NV		27,380		166,028
	Boskalis Westminster		608,352		18,143,629
	Brunel International NV		155,477		2,136,336
	Corbion NV		409,080		19,424,109
W	Flow Traders		248,665		8,440,775
	ForFarmers NV		214,677		1,023,674
# *	Fugro NV		492,784		4,176,601
* W	GrandVision NV		173,216		5,684,214
	Heijmans NV		156,398		2,177,196
*	Hunter Douglas NV		17,912		2,133,134
	IMCD NV		226,957		50,394,583
* W	Intertrust NV		472,154		7,139,080
	Kendrion NV		97,269		2,250,984
*	Koninklijke BAM Groep NV		1,890,164		5,486,095
	Koninklijke Vopak NV		264,177		10,513,687
# * W	Lucas Bols BV		23,064		269,857
	Nedap NV		33,400		2,336,314
*	OCI NV		522,007		14,798,119

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
NETHERLANDS — (Continued)
	Ordina NV		637,656	$	2,657,933
# *	Pharming Group NV		273,983		230,254
#	PostNL NV		3,733,258		16,202,786
	SBM Offshore NV		1,178,894		18,612,700
	SIF Holding NV		34,182		557,283
W	Signify NV		673,043		32,613,232
*	Sligro Food Group NV		166,461		4,459,317
# ††	SNS NV		705,718		0
#	TKH Group NV		275,251		15,680,236
# *	TomTom NV		483,754		4,157,205
	Van Lanschot Kempen NV		119,261		3,307,116
TOTAL NETHERLANDS					455,552,298
NORWAY — (2.0%)
#	2020 Bulkers Ltd.		3,024		40,805
	ABG Sundal Collier Holding ASA		2,446,501		2,698,342
*	Akastor ASA		781,213		543,436
# *	Aker Solutions ASA		1,753,802		4,976,855
	American Shipping Co. ASA		236,690		874,983
*	ArcticZymes Technologies ASA		39,048		410,687
	Arendals Fossekompani AS		2,250		105,202
	Atea ASA		376,861		7,042,019
# *	Atlantic Sapphire ASA		67,633		340,783
# *	Axactor SE		946,461		911,431
*	B2Holding ASA		1,390,160		1,524,162
	Bank Norwegian ASA		672,342		8,338,415
	Bonheur ASA		146,347		5,784,971
# *	Borr Drilling Ltd.		65,386		66,352
	Borregaard ASA		533,915		12,965,296
	Bouvet ASA		19,729		158,081
# *	BW Energy Ltd.		240,850		788,610
W	BW LPG Ltd.		662,186		3,539,025
	BW Offshore Ltd.		759,145		2,472,206
* W	Crayon Group Holding ASA		96,912		2,263,173
*	DNO ASA		3,329,878		4,855,514
W	Europris ASA		1,186,781		8,788,076
W	Fjordkraft Holding ASA		45,087		268,440
	FLEX LNG Ltd.		204,864		4,140,955
#	Frontline Ltd.		597,796		5,313,544
	Golden Ocean Group Ltd.		274,826		2,485,582
# *	Grieg Seafood ASA		346,230		3,850,274
*	Hexagon Composites ASA		640,597		2,580,293
# *	IDEX Biometrics ASA		560,544		168,329
W	Kid ASA		12,008		160,803
	Kitron ASA		124,865		265,460
	Komplett Bank ASA		33,724		30,507
# *	Kongsberg Automotive ASA		4,148,425		1,482,536
*	Magnora ASA		5,528		12,292
	Medistim ASA		255		11,440
# *	MPC Container Ships AS		920,394		2,181,203
*	Next Biometrics Group AS		125,389		101,982
# *	Nordic Nanovector ASA		361,611		1,141,678
*	Nordic Semiconductor ASA		32,227		957,470
* W	Norske Skog ASA		25,340		104,187
	Norway Royal Salmon ASA		93,951		1,978,159
*	Norwegian Energy Co. ASA		2,292		44,477
*	NRC Group ASA		6,559		12,994
	Ocean Yield ASA		367,917		1,787,514
# *	Odfjell Drilling Ltd.		586,600		1,482,129

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
NORWAY — (Continued)
*	Odfjell SE, Class A		137,586	$	514,784
	Olav Thon Eiendomsselskap ASA		102,815		2,261,758
# *	Otello Corp. ASA		571,363		1,941,745
	Pareto Bank ASA		14,702		107,344
*	PCI Biotech Holding ASA		15,812		26,700
# *	PGS ASA		2,078,421		849,026
*	PhotoCure ASA		5,202		73,407
# * W	poLight ASA		920		12,557
	Protector Forsikring ASA		438,078		5,077,146
*	Q-Free ASA		32,883		31,404
# *	REC Silicon ASA		1,473,908		2,676,836
*	SATS ASA		14,064		35,660
W	Sbanken ASA		486,979		5,712,445
	Selvaag Bolig ASA		309,083		1,902,338
*	Solon Eiendom ASA		53,023		242,178
	Sparebank 1 Oestlandet		6,673		109,950
	SpareBank 1 SR-Bank ASA		2,742		42,053
	TGS ASA		248,332		2,290,274
	Treasure ASA		314,079		559,047
*	Ultimovacs ASA		12,553		187,935
	Veidekke ASA		640,408		9,228,280
# *	Volue ASA		224		1,563
*	Wallenius Wilhelmsen ASA		412,785		1,890,984
	Wilh Wilhelmsen Holding ASA, Class A		68,304		1,511,933
# W	XXL ASA		787,885		1,305,290
TOTAL NORWAY					138,643,309
PORTUGAL — (0.7%)
	Altri SGPS SA		537,332		3,481,700
# *	Banco Comercial Portugues SA, Class R		47,085,514		8,494,968
††	Banco Espirito Santo SA		4,777,921		0
	Corticeira Amorim SGPS SA		96,949		1,349,922
#	CTT-Correios de Portugal SA		722,501		3,970,523
*	Greenvolt-Energias Renovaveis SA		9,769		76,729
*	Ibersol SGPS SA		40,114		230,250
# *	Mota-Engil SGPS SA		641,747		1,001,794
#	Navigator Co. SA		1,912,042		7,473,334
	NOS SGPS SA		1,736,593		6,775,096
# *	Novabase SGPS SA		72,649		395,894
	REN - Redes Energeticas Nacionais SGPS SA		3,108,358		9,469,537
	Sonae SGPS SA		7,021,578		7,729,237
TOTAL PORTUGAL					50,448,984
SPAIN — (5.2%)
	Acciona SA		85,202		16,362,442
	Acerinox SA		1,221,481		17,005,847
# * ††	Adveo Group International SA		84,445		0
W	Aedas Homes SA		23,122		664,543
	Alantra Partners SA		70,405		1,309,552
	Almirall SA		496,655		7,385,593
# *	Amper SA		5,903,684		1,319,889
	Applus Services SA		915,379		8,285,467
*	Atresmedia Corp. de Medios de Comunicacion SA		541,919		2,209,000
#	Azkoyen SA		67,253		450,553
*	Banco de Sabadell SA		36,662,284		29,505,685
	Bankinter SA		4,259,580		23,453,290
# * ††	Caja de Ahorros del Mediterraneo		116,412		0	��
	Cia de Distribucion Integral Logista Holdings SA		384,094		8,186,078

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
SPAIN — (Continued)
	CIE Automotive SA		401,403	$	10,926,125
*	Construcciones y Auxiliar de Ferrocarriles SA		130,686		5,756,996
# *	Deoleo SA		37,749		14,599
*	Distribuidora Internacional de Alimentacion SA		3,729,910		68,152
#	Ebro Foods SA		529,626		10,510,706
*	eDreams ODIGEO SA		427,530		3,755,547
	Elecnor SA		200,108		2,444,452
#	Enagas SA		1,045,470		23,459,790
*	Ence Energia y Celulosa SA		988,129		2,543,068
*	Ercros SA		643,000		2,601,734
	Faes Farma SA		2,022,017		8,236,978
	Fluidra SA		324,873		12,407,873
	Fomento de Construcciones y Contratas SA		361,953		4,614,403
* W	Gestamp Automocion SA		643,219		2,875,877
W	Global Dominion Access SA		695,411		3,730,791
	Grupo Catalana Occidente SA		271,573		9,645,370
	Grupo Empresarial San Jose SA		151,317		752,002
# *	Grupo Ezentis SA		1,629,459		502,237
	Iberpapel Gestion SA		47,911		1,089,637
*	Indra Sistemas SA		957,080		11,575,242
	Laboratorio Reig Jofre SA		14,659		67,823
	Laboratorios Farmaceuticos Rovi SA		101,310		7,107,974
#	Linea Directa Aseguradora SA Cia de Seguros y Reaseguros		3,802,314		7,633,647
	Mapfre SA		1,222,333		2,588,038
*	Mediaset Espana Comunicacion SA		1,094,655		5,709,097
*	Melia Hotels International SA		736,073		5,433,419
W	Metrovacesa SA		29,551		259,090
#	Miquel y Costas & Miquel SA		142,055		1,970,060
W	Neinor Homes SA		69,192		892,519
# *	Obrascon Huarte Lain SA		1,213,629		988,034
*	Oryzon Genomics SA		35,547		125,672
#	Pharma Mar SA		32,993		2,566,390
	Prim SA		40,283		672,652
*	Promotora de Informaciones SA, Class A		1,330,083		929,366
W	Prosegur Cash SA		158,555		108,905
	Prosegur Cia de Seguridad SA		1,593,388		4,521,570
*	Realia Business SA		1,667,905		1,418,079
	Renta 4 Banco SA		442		4,862
	Sacyr SA		3,029,915		8,636,598
*	Solaria Energia y Medio Ambiente SA		435,695		8,719,212
*	Solarpack Corp. Tecnologica SA		3,377		103,366
* W	Talgo SA		587,102		3,248,677
# *	Tecnicas Reunidas SA		188,993		1,709,151
# *	Tubacex SA		738,150		1,470,041
# *	Tubos Reunidos SA		34,204		15,724
W	Unicaja Banco SA		8,005,465		8,565,582
#	Vidrala SA		123,220		13,040,234
	Viscofan SA		290,403		19,857,953
*	Vocento SA		352,577		418,521
	Zardoya Otis SA		1,131,276		9,096,312
TOTAL SPAIN					351,528,086
SWEDEN — (8.8%)
W	AcadeMedia AB		437,894		3,140,700
	AddLife AB, Class B		251,737		10,284,440
	AddNode Group AB, Class B		88,499		3,667,454
	AddTech AB, Class B		137,673		3,080,045
	AFRY AB		306,988		9,135,052
W	Alimak Group AB		254,539		3,453,216

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
SWEDEN — (Continued)
W	Ambea AB		164,144	$	1,139,760
*	Annehem Fastigheter AB, Class B		126,142		541,254
*	Arise AB		70,657		354,227
	Arjo AB, Class B		1,036,474		14,134,663
	Atrium Ljungberg AB, Class B		245,333		5,633,437
* W	Attendo AB		733,120		3,150,596
*	Balco Group AB		979		14,501
	Beijer Alma AB		294,953		7,401,908
*	Beijer Electronics Group AB		93,898		829,741
	Bergman & Beving AB		193,579		3,493,862
	Bergs Timber AB, Class B		62,277		39,624
	Besqab AB		21,962		453,543
	Betsson AB, Class B		925,914		6,462,899
*	BHG Group AB		351,076		4,048,201
	Bilia AB, Class A		620,818		11,039,055
	BioGaia AB, Class B		64,027		3,948,825
	Biotage AB		414,491		13,412,951
	Bjorn Borg AB		13,009		57,225
	Bonava AB, Class B		529,583		5,231,860
# * W	Boozt AB		233,012		3,925,357
W	Bravida Holding AB		749,559		11,274,370
	Bufab AB		215,726		9,202,092
	Bulten AB		115,761		1,041,793
	Bure Equity AB		362,388		16,821,084
	Byggmax Group AB		451,504		3,870,842
# *	Calliditas Therapeutics AB, Class B		75,130		595,409
	Catella AB		25,263		113,284
	Catena AB		167,709		10,218,078
# *	Catena Media PLC		317,750		2,116,979
*	Cavotec SA		79,682		210,918
	Cellavision AB		18,793		856,163
#	Clas Ohlson AB, Class B		237,047		2,552,219
	Cloetta AB, Class B		1,709,190		5,429,374
*	Collector AB		247,746		1,220,365
	Concentric AB		354,479		10,432,883
W	Coor Service Management Holding AB		314,448		3,054,772
	Corem Property Group AB, Class B		4,350,002		14,438,128
	Dios Fastigheter AB		767,655		8,931,258
*	Doro AB		155,569		1,210,285
*	Duni AB		215,342		2,999,020
# W	Dustin Group AB		528,662		6,466,120
	Eastnine AB		126,421		2,200,411
	Elanders AB, Class B		59,878		1,033,298
*	Electrolux Professional AB, Class B		217,107		1,677,375
* W	Eltel AB		206,068		419,711
*	Enea AB		102,697		2,832,209
	Eolus Vind AB, Class B		35,068		644,152
	eWork Group AB		32,666		417,365
	Fagerhult AB		300,931		2,411,332
	FastPartner AB, Class A		1,130		16,101
	FastPartner AB, Class D		35		328
#	Fenix Outdoor International AG		19,605		2,886,238
	Ferronordic AB		1,301		44,498
# *	Fingerprint Cards AB, Class B		634,700		1,519,016
#	G5 Entertainment AB		35,644		1,955,071
	GARO AB		1,190		29,917
	GHP Specialty Care AB		41,172		123,255
	Granges AB		815,935		8,899,324
*	Haldex AB		331,448		1,984,066

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares			Value»
SWEDEN — (Continued)
	Heba Fastighets AB, Class B		134,907		$	2,210,366
	Hexatronic Group AB		43,431			1,906,065
	HMS Networks AB		136,807			7,811,446
# * W	Hoist Finance AB		489,300			1,723,268
*	Humana AB		126,275			1,053,691
*	IAR Systems Group AB		1,213			13,708
# *	Immunovia AB		8,077			111,674
	Instalco AB		79,528			4,227,618
	Inwido AB		457,409			8,386,038
	JM AB		481,244			19,498,354
*	John Mattson Fastighetsforetagen AB		7,007			143,750
	Karnov Group AB		26,847			172,497
*	Karo Pharma AB		9,885			65,142
*	K-fast Holding AB		4,327	��		39,667
	Kindred Group PLC		610,171			8,574,287
	KNOW IT AB		200,212			8,059,664
#	Kungsleden AB		1,416,636			19,482,573
	Lagercrantz Group AB, Class B		1,399,809			18,743,650
W	LeoVegas AB		497,758			1,883,710
	Lime Technologies AB		8,592			347,347
	Lindab International AB		596,103			19,529,994
	Loomis AB, Class B		363,693			9,815,208
*	Medcap AB		4,211			98,019
*	Mekonomen AB		306,155			6,316,287
#	Midsona AB, Class B		8,545			53,263
	MIPS AB		41,429			5,015,874
*	Modern Times Group MTG AB, Class B		523,005			5,997,215
	Momentum Group AB, Class B		137,415			3,530,364
W	Munters Group AB		17,672			130,775
	Mycronic AB		438,731			10,181,176
	NCAB Group AB		1,185			94,283
	NCC AB, Class B		269,582			4,670,873
	Nederman Holding AB		30,189			665,873
*	Nelly Group AB		47,409			164,351
*	Net Insight AB, Class B		1,391,434			523,707
*	New Wave Group AB, Class B		426,925			7,245,769
	Nobia AB		899,689			5,545,160
W	Nobina AB		732,991			7,020,948
	Nolato AB, Class B		1,581,189			20,905,552
	Nordic Waterproofing Holding AB		67,508			2,007,240
*	Note AB		3,676			77,434
	NP3 Fastigheter AB		157,719			5,602,291
	Nyfosa AB		1,333,045			22,499,671
	OEM International AB, Class B		143,694			3,232,415
# * W	Oncopeptides AB		38,454			17,421
*	Pandox AB, Class B		318,921			5,620,185
	Peab AB, Class B		355,576			4,469,461
	Platzer Fastigheter Holding AB, Class B		250,352			4,079,764
	Pricer AB, Class B		892,974			2,671,723
	Proact IT Group AB		186,907			1,884,815
*	Qliro AB		70,318			220,790
	Ratos AB, Class B		1,561,734			8,991,229
*	RaySearch Laboratories AB		160,684			1,142,441
W	Resurs Holding AB		866,858			4,671,426
	Rottneros AB		672,020			782,939
# *	SAS AB		6,054,659			1,053,843
	Scandi Standard AB		397,762			1,983,208
# * W	Scandic Hotels Group AB		497,612			2,406,943
*	Sdiptech AB, Class B		7,857			409,663

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
SWEDEN — (Continued)
	Sectra AB, Class B		550,055	$	13,386,369
	Semcon AB		118,592		1,700,356
# *	Sensys Gatso Group AB		2,726,230		307,619
*	SkiStar AB		326,050		6,801,445
*	Starbreeze AB		37,435		5,333
*	Stillfront Group AB		160,648		717,386
#	Systemair AB		360,836		3,482,818
	Tethys Oil AB		86,203		627,608
	Troax Group AB		214,262		8,772,124
	VBG Group AB, Class B		26,732		516,470
	Vitec Software Group AB, Class B		30,000		1,770,617
	Wihlborgs Fastigheter AB		595,255		14,112,451
TOTAL SWEDEN					598,208,203
SWITZERLAND — (15.1%)
	Adecco Group AG		96,510		4,862,177
	Allreal Holding AG		118,457		25,053,150
	ALSO Holding AG		47,951		14,230,156
*	ams AG		1,241,971		24,588,933
*	APG SGA SA		8,849		1,999,895
	Arbonia AG		343,677		7,472,159
*	Aryzta AG		7,086,156		9,265,969
*	Ascom Holding AG		199,345		3,102,913
*	Autoneum Holding AG		24,022		3,760,329
	Bachem Holding AG, Class B		6,229		5,014,087
	Baloise Holding AG		78,580		12,522,513
	Banque Cantonale de Geneve		9,528		1,748,386
	Banque Cantonale du Jura SA		3,848		223,528
	Banque Cantonale Vaudoise		77,595		6,247,355
	Belimo Holding AG		62,238		36,184,269
	Bell Food Group AG		14,632		4,696,887
	Bellevue Group AG		57,974		2,602,869
	Berner Kantonalbank AG		30,281		6,963,397
	BKW AG		162,650		21,549,029
*	Bobst Group SA		68,727		5,596,710
	Bossard Holding AG, Class A		44,391		16,303,975
	Bucher Industries AG		55,557		28,039,159
	Burckhardt Compression Holding AG		734		309,147
	Burkhalter Holding AG		28,640		2,073,327
	Bystronic AG		9,740		13,392,351
	Calida Holding AG		37,539		1,989,357
#	Carlo Gavazzi Holding AG		3,077		848,458
	Cembra Money Bank AG		190,227		12,698,502
	Cicor Technologies Ltd.		15,422		987,623
	Cie Financiere Tradition SA		10,803		1,314,828
	Clariant AG		607,633		12,792,212
	Coltene Holding AG		26,808		3,389,680
	Comet Holding AG		13,558		5,044,814
*	COSMO Pharmaceuticals NV		1,793		136,402
	Daetwyler Holding AG		4,136		1,609,056
	DKSH Holding AG		239,714		19,214,204
	dormakaba Holding AG		24,243		17,968,995
*	Dottikon Es Holding AG		1,800		661,013
*	Dufry AG		308,204		16,318,245
	EFG International AG		687,616		4,822,645
	Emmi AG		15,691		16,373,888
	Energiedienst Holding AG		83,637		4,233,893
# *	Evolva Holding SA		3,349,123		511,637
*	Feintool International Holding AG		16,000		944,024

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
SWITZERLAND — (Continued)
*	Flughafen Zurich AG		133,405	$	24,091,216
	Forbo Holding AG		8,787		17,095,042
	Fundamenta Real Estate AG		1,593		34,357
W	Galenica AG		93,749		6,866,823
*	GAM Holding AG		1,195,762		1,926,052
	Georg Fischer AG		32,352		48,950,258
	Gurit Holding AG		3,022		5,246,197
	Helvetia Holding AG		249,056		29,635,381
	Hiag Immobilien Holding AG		20,971		2,220,390
# *	HOCHDORF Holding AG		6,697		299,976
	Huber & Suhner AG		97,132		8,639,895
	Hypothekarbank Lenzburg AG		6		27,510
*	Implenia AG		107,391		2,190,319
# *	Ina Invest Holding AG		25,352		511,625
	Inficon Holding AG		14,710		18,874,486
	Interroll Holding AG		4,928		23,908,178
	Intershop Holding AG		10,420		6,517,612
	Investis Holding SA		4,392		488,958
*	Jungfraubahn Holding AG		17,432		2,736,203
	Kardex Holding AG		48,471		14,950,476
*	Komax Holding AG		21,726		5,537,750
#	Kudelski SA		217,692		868,019
	Landis+Gyr Group AG		74,312		5,108,773
*	Lastminute.com NV		8,188		392,470
	LEM Holding SA		3,920		9,503,722
	Liechtensteinische Landesbank AG		64,323		3,797,611
	Luzerner Kantonalbank AG		20,110		9,293,923
* W	Medacta Group SA		3,335		558,375
* W	Medartis Holding AG		2,942		386,892
* W	Medmix AG		143,103		6,841,780
*	Meier Tobler Group AG		45,826		968,253
	Metall Zug AG		1,092		2,475,878
# *	Meyer Burger Technology AG		2,931,882		1,399,176
*	Mikron Holding AG		8,692		74,136
	Mobilezone Holding AG		286,137		3,850,415
	Mobimo Holding AG		57,045		19,225,099
	OC Oerlikon Corp. AG		1,697,772		17,286,204
# *	Orascom Development Holding AG		93,520		1,102,411
	Orell Fuessli AG		5,028		513,033
	Orior AG		37,151		3,815,474
	Peach Property Group AG		1,034		70,019
	Phoenix Mecano AG		4,517		2,198,068
	Plazza AG, Class A		6,895		2,507,749
	PSP Swiss Property AG		341,202		42,652,293
*	Rieter Holding AG		21,873		4,540,347
	Romande Energie Holding SA		2,640		3,919,877
#	Schaffner Holding AG		3,363		1,044,305
	Schweiter Technologies AG		7,236		10,391,255
#	Schweizerische Nationalbank		23		128,212
* W	Sensirion Holding AG		14,393		2,074,336
	SFS Group AG		128,752		17,342,186
	Siegfried Holding AG		33,622		32,339,058
	SIG Combibloc Group AG		74,956		1,960,301
	Softwareone Holding AG		206,099		4,775,706
	St Galler Kantonalbank AG		17,366		8,003,909
	Sulzer AG		143,103		14,067,737
	Swiss Prime Site AG		70,268		7,143,887
*	Swiss Steel Holding AG		3,266,809		1,254,400
	Swissquote Group Holding SA		85,926		17,430,019

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
SWITZERLAND — (Continued)
	Tecan Group AG		9,035	$	5,535,764
	Thurgauer Kantonalbank		3,152		363,458
# *	Tornos Holding AG		26,632		217,704
*	TX Group AG		19,090		3,153,773
*	u-blox Holding AG		54,104		3,959,462
	Valiant Holding AG		110,273		10,915,051
*	Valora Holding AG		29,410		5,596,997
W	VAT Group AG		148,293		70,888,598
	Vaudoise Assurances Holding SA		6,746		3,399,284
	Vetropack Holding AG		66,692		4,104,982
	Vifor Pharma AG		16,210		2,093,129
*	Von Roll Holding AG		378,198		503,449
	Vontobel Holding AG		233,275		21,603,372
	VP Bank AG, Class A		24,056		2,708,731
	VZ Holding AG		90,310		9,168,076
*	V-ZUG Holding AG		10,820		1,522,417
	Walliser Kantonalbank		18,991		2,096,857
	Warteck Invest AG		27		71,084
	Ypsomed Holding AG		9,309		1,541,252
	Zehnder Group AG		86,306		9,289,901
	Zug Estates Holding AG, Class B		1,186		2,564,306
	Zuger Kantonalbank AG		700		5,017,843
TOTAL SWITZERLAND					1,028,031,648
UNITED KINGDOM — (0.1%)
	Stolt-Nielsen Ltd.		195,297		3,012,147
# *	TORM PLC, Class A		202,039		1,648,746
TOTAL UNITED KINGDOM					4,660,893
UNITED STATES — (0.0%)
*	Arko Corp.		135,431		1,294,368
TOTAL COMMON STOCKS					6,449,989,909
PREFERRED STOCKS — (0.9%)
GERMANY — (0.9%)
	Biotest AG		96,750		4,681,099
	Draegerwerk AG & Co. KGaA		65,997		5,199,849
	FUCHS PETROLUB SE		349,339		16,754,570
	Jungheinrich AG		364,914		18,505,718
	Sixt SE		119,845		11,874,154
	STO SE & Co. KGaA		15,899		3,578,507
	Villeroy & Boch AG		41,086		1,138,591
TOTAL GERMANY					61,732,488
RIGHTS/WARRANTS — (0.0%)
AUSTRIA — (0.0%)
*	CA Immobilien Anlagen AG Rights Exp 07/26/21		497,492		0
# *	Porr AG Rights 11/03/21		75,457		12,299
TOTAL AUSTRIA					12,299
ITALY — (0.0%)
# *	Webuild SpA Warrants 08/02/30		116,039		0
PORTUGAL — (0.0%)
*	Ibersol SGPS SA Rights 11/12/21		40,114		13,912

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
SPAIN — (0.0%)
# *	Miquel y Costas & Miquel SA Rights 11/01/21		142,055	$	715,382
TOTAL RIGHTS/WARRANTS					741,593
TOTAL INVESTMENT SECURITIES (Cost $4,543,679,052)					6,512,463,990
				Value†
SECURITIES LENDING COLLATERAL — (4.4%)
@ §	The DFA Short Term Investment Fund		25,693,219		297,270,547
TOTAL INVESTMENTS — (100.0%) (Cost $4,840,922,007)				$	6,809,734,537

ADR American Depositary Receipt

BAM Build America Mutual

SA Special Assessment

» Securities that have been fair value factored. See Note B to Financial Statements.

W 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.

# Total or Partial Securities on Loan.

* Non-Income Producing Securities.

†† Security valued using significant unobservable inputs (Level 3).

† See Note B to Financial Statements.

@ Security purchased with cash collateral received from Securities on Loan.

§ Affiliated Fund.

Summary of the Series’ investments as of October 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
Austria		—	$	213,970,956		—	$	213,970,956
Belgium	$	7,688,844		254,356,424		—		262,045,268
Canada		—		709,749		—		709,749
Denmark		—		359,699,369		—		359,699,369
Finland		—		394,584,226		—		394,584,226
France		—		710,226,064	$	40,860		710,266,924
Germany		14,482,505		1,011,049,873		—		1,025,532,378
Ireland		—		66,283,628		—		66,283,628
Israel		1,561,556		224,433,559		—		225,995,115
Italy		—		562,534,507		—		562,534,507
Netherlands		—		455,552,298		—		455,552,298
Norway		—		138,643,309		—		138,643,309
Portugal		—		50,448,984		—		50,448,984
Spain		—		351,528,086		—		351,528,086
Sweden		—		598,208,203		—		598,208,203
Switzerland		6,841,780		1,021,189,868		—		1,028,031,648
United Kingdom		—		4,660,893		—		4,660,893
United States		—		1,294,368		—		1,294,368
Preferred Stocks
Germany		—		61,732,488		—		61,732,488
Rights/Warrants
Austria		—		12,299		—		12,299
Portugal		—		13,912		—		13,912
Spain		—		715,382		—		715,382
Securities Lending Collateral		—		297,270,547		—		297,270,547
TOTAL	$	30,574,685	$	6,779,118,992	$	40,860^	$	6,809,734,537

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

THE CANADIAN SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

October 31, 2021

		Shares		Value»
COMMON STOCKS — (84.0%)
COMMUNICATION SERVICES — (1.2%)
*	AcuityAds Holdings, Inc.		101,377	$	646,303
*	Aimia, Inc.		747,208		2,928,215
	Cogeco Communications, Inc.		79,382		6,817,641
	Cogeco, Inc.		28,934		1,925,972
#	Corus Entertainment, Inc., Class B		1,028,921		4,664,065
*	Enthusiast Gaming Holdings, Inc.		18,353		55,907
*	MDF Commerce, Inc.		42,774		199,077
*	TeraGo, Inc.		2,400		10,511
# *	WildBrain Ltd.		612,863		1,931,291
#	Yellow Pages Ltd.		105,820		1,213,305
TOTAL COMMUNICATION SERVICES					20,392,287
CONSUMER DISCRETIONARY — (5.3%)
*	Aritzia, Inc.		463,368		18,248,672
*	AutoCanada, Inc.		139,673		5,032,336
	BMTC Group, Inc.		20,581		221,342
*	Bragg Gaming Group, Inc.		4,700		37,597
# *	Canada Goose Holdings, Inc.		55,980		2,076,181
# *	Canada Goose Holdings, Inc.		235,947		8,753,634
*	Dorel Industries, Inc., Class B		109,158		1,966,890
	Exco Technologies Ltd.		164,124		1,294,320
*	Gamehost, Inc.		88,499		586,370
# *	Goodfood Market Corp.		29,234		179,524
	Leon’s Furniture Ltd.		171,679		3,495,726
	Linamar Corp.		249,534		13,724,773
	Martinrea International, Inc.		518,668		4,815,365
	MTY Food Group, Inc.		108,643		5,310,983
#	Park Lawn Corp.		185,122		5,522,547
	Pizza Pizza Royalty Corp.		165,479		1,569,751
*	Points International Ltd.		47,016		824,376
*	Points International Ltd.		14,661		253,489
	Pollard Banknote Ltd.		49,129		1,857,819
*	Recipe Unlimited Corp.		88,994		1,392,149
*	Reitmans Canada Ltd., Class A		125,155		108,206
#	Sleep Country Canada Holdings, Inc.		197,990		5,556,070
# *	Spin Master Corp.		148,575		5,142,981
*	Uni-Select, Inc.		234,916		3,380,619
TOTAL CONSUMER DISCRETIONARY					91,351,720
CONSUMER STAPLES — (4.4%)
*	Alcanna, Inc.		139,850		909,658
	Andrew Peller Ltd., Class A		168,200		1,153,861
	Corby Spirit & Wine Ltd.		87,267		1,257,954
	High Liner Foods, Inc.		102,188		1,085,789
#	Jamieson Wellness, Inc.		275,646		8,488,097
#	KP Tissue, Inc.		45,700		395,112
	Lassonde Industries, Inc., Class A		18,100		2,573,868
#	Maple Leaf Foods, Inc.		417,087		9,092,604
*	Mav Beauty Brands, Inc.		7,000		12,613
#	North West Co., Inc.		319,480		8,681,409
#	Premium Brands Holdings Corp., Class A		197,300		21,322,620
	Primo Water Corp.		813,424		12,948,006
	Primo Water Corp.		96,682		1,537,244
#	Rogers Sugar, Inc.		712,254		3,245,889

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
CONSUMER STAPLES — (Continued)
*	SunOpta, Inc.		19,534	$	151,584
# *	SunOpta, Inc.		329,746		2,557,823
TOTAL CONSUMER STAPLES					75,414,131
ENERGY — (17.1%)
*	Advantage Energy Ltd.		1,194,867		6,767,952
# *	Africa Oil Corp.		1,333,299		2,143,879
	ARC Resources Ltd.		2,991,363		28,690,593
*	Athabasca Oil Corp.		2,177,410		1,794,569
	Birchcliff Energy Ltd.		1,616,675		8,686,885
#	Canacol Energy Ltd.		963,916		3,021,975
*	Cardinal Energy Ltd.		416,127		1,570,226
	CES Energy Solutions Corp.		1,312,438		2,046,708
	Computer Modelling Group Ltd.		464,145		2,032,697
	Crescent Point Energy Corp.		2,888,800		14,518,694
#	Crescent Point Energy Corp.		192,400		967,772
*	Crew Energy, Inc.		384,876		948,507
# *	Denison Mines Corp.		3,512,489		5,960,106
#	Enerflex Ltd.		510,065		4,348,082
# *	Energy Fuels, Inc.		347,960		2,744,091
#	Enerplus Corp.		1,287,055		12,188,336
#	Enerplus Corp.		28,353		268,503
# *	Ensign Energy Services, Inc.		741,132		1,221,646
# *	Fission Uranium Corp.		1,962,000		1,648,739
#	Freehold Royalties Ltd.		602,289		5,757,174
*	Frontera Energy Corp.		270,637		1,926,561
#	Gibson Energy, Inc.		940,791		18,958,733
# *	Gran Tierra Energy, Inc.		1,845,435		1,684,988
*	Headwater Exploration, Inc.		242,657		960,746
*	InPlay Oil Corp.		10,100		15,506
# *	Kelt Exploration Ltd.		773,541		3,125,166
#	Keyera Corp.		445,938		11,429,503
* ††	Lightstream Resources Ltd.		687,816		0
*	MEG Energy Corp.		2,470,617		22,138,932
	North American Construction Group Ltd.		121,744		2,095,303
#	North American Construction Group Ltd.		22,074		379,893
*	NuVista Energy Ltd.		1,107,388		5,485,042
	Ovintiv, Inc.		5,148		193,133
	Paramount Resources Ltd., Class A		389,930		6,518,791
#	Parex Resources, Inc.		786,291		15,267,108
#	Parkland Corp.		763,190		22,206,264
	Pason Systems, Inc.		395,944		2,943,346
#	Peyto Exploration & Development Corp.		930,313		7,336,664
	PHX Energy Services Corp.		98,928		399,677
*	Pine Cliff Energy Ltd.		87,000		56,238
#	PrairieSky Royalty Ltd.		1,064,207		13,096,212
*	Precision Drilling Corp.		67,941		3,007,819
# *	Precision Drilling Corp.		14,392		636,990
# *	Questerre Energy Corp., Class A		797,460		103,098
#	Secure Energy Services, Inc.		1,146,494		5,308,185
*	ShawCor Ltd.		371,654		1,600,611
*	Storm Resources Ltd.		169,823		757,452
*	Surge Energy, Inc.		13,859		60,357
*	Tamarack Valley Energy Ltd.		1,165,080		3,389,050
	TerraVest Industries, Inc.		4,300		90,162
	Tidewater Midstream & Infrastructure Ltd.		1,346,778		1,621,444
*	Total Energy Services, Inc.		233,040		945,267
# *	Touchstone Exploration, Inc.		28,397		43,366
*	TransGlobe Energy Corp.		46,857		124,563

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
ENERGY — (Continued)
*	Trican Well Service Ltd.		1,182,224	$	3,314,737
# *	Vermilion Energy, Inc.		716,524		7,769,677
*	Vermilion Energy, Inc.		233,451		2,530,609
#	Whitecap Resources, Inc.		3,150,760		18,915,763
# *	Yangarra Resources Ltd.		323,471		509,671
TOTAL ENERGY					294,273,761
FINANCIALS — (9.6%)
	AGF Management Ltd., Class B		333,248		2,124,537
#	Alaris Equity Partners Income		153,883		2,305,261
#	Canaccord Genuity Group, Inc.		514,390		5,951,895
#	Canadian Western Bank		475,702		15,217,390
#	Chesswood Group Ltd.		56,542		610,147
	CI Financial Corp.		967,840		22,068,879
	Clairvest Group, Inc.		1,900		91,492
#	ECN Capital Corp.		2,488,693		21,637,311
	E-L Financial Corp. Ltd.		7,178		5,248,884
#	Element Fleet Management Corp.		1,811,383		19,685,764
	Equitable Group, Inc.		126,484		7,899,118
#	Fiera Capital Corp., Class A		359,719		3,086,794
#	Firm Capital Mortgage Investment Corp.		185,919		2,197,798
	First National Financial Corp.		79,319		2,669,389
	goeasy Ltd.		45,560		7,139,549
# *	GoldMoney, Inc.		125,000		240,385
	Guardian Capital Group Ltd., Class A		92,214		2,577,313
# *	Home Capital Group, Inc., Class B		303,217		9,839,362
	iA Financial Corp., Inc.		87,275		5,162,737
	Kingsway Financial Services, Inc.		13,070		71,625
#	Laurentian Bank of Canada		412,090		13,875,073
# *	RF Capital Group, Inc.		170,238		291,616
#	Sprott, Inc.		127,333		5,180,348
#	Sprott, Inc.		10,701		434,568
	Timbercreek Financial Corp.		529,052		4,159,402
*	Trisura Group Ltd.		190,120		6,425,921
	VersaBank		900		10,748
TOTAL FINANCIALS					166,203,306
HEALTH CARE — (1.2%)
#	Andlauer Healthcare Group, Inc.		18,840		734,054
*	Aptose Biosciences, Inc.		11,500		23,881
*	Aptose Biosciences, Inc.		63,621		130,423
# *	Aurora Cannabis, Inc.		188,800		1,252,463
# *	Aurora Cannabis, Inc.		169,500		1,123,785
*	Charlottes Web Holdings, Inc.		49,894		81,437
# *	Cronos Group, Inc.		498,909		2,589,338
#	Extendicare, Inc.		506,839		2,965,024
# *	HEXO Corp.		77,100		113,337
	HLS Therapeutics, Inc.		16,100		247,172
*	Knight Therapeutics, Inc.		808,695		3,358,672
#	Medical Facilities Corp.		163,242		1,218,775
# *	Oncolytics Biotech, Inc.		33,485		68,309
*	Opsens, Inc.		6,100		14,984
# *	Organigram Holdings, Inc.		503,390		1,112,492
*	Organigram Holdings, Inc.		599,701		1,322,870
#	Sienna Senior Living, Inc.		332,956		3,817,587
*	Trillium Therapeutics, Inc.		31,800		575,309
*	Trillium Therapeutics, Inc.		8,800		159,368
*	Viemed Healthcare, Inc.		24,347		139,676

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
HEALTH CARE — (Continued)
*	Viemed Healthcare, Inc.		50,402	$	288,803
	Zenith Capital Corp.		111,820		28,976
TOTAL HEALTH CARE					21,366,735
INDUSTRIALS — (10.3%)
	Aecon Group, Inc.		342,354		5,106,541
#	AG Growth International, Inc.		136,123		2,991,714
	Algoma Central Corp.		48,800		679,005
# *	ATS Automation Tooling Systems, Inc.		441,354		15,017,305
#	Badger Infrastructure Solutions Ltd.		167,591		4,624,461
#	Bird Construction, Inc.		286,252		2,331,464
*	Black Diamond Group Ltd.		237,417		869,020
*	Bombardier, Inc., Class A		184,650		310,336
# *	Bombardier, Inc., Class B		6,140,801		9,874,106
	Calian Group Ltd.		50,690		2,523,032
	Dexterra Group, Inc.		162,543		1,175,467
# *	DIRTT Environmental Solutions		310,570		1,003,781
#	Doman Building Materials Group Ltd.		337,453		1,848,684
	Exchange Income Corp.		113,793		3,916,921
	Finning International, Inc.		890,113		26,352,408
*	GDI Integrated Facility Services, Inc.		37,021		1,561,786
	Hardwoods Distribution, Inc.		59,241		1,981,242
*	Heroux-Devtek, Inc.		245,951		3,666,610
*	IBI Group, Inc.		120,500		1,170,338
	K-Bro Linen, Inc.		61,553		1,842,213
	LifeWorks, Inc.		401,948		10,389,719
	Magellan Aerospace Corp.		114,378		979,643
#	Mullen Group Ltd.		446,365		4,616,574
#	NFI Group, Inc.		325,072		6,587,594
*	Patriot One Technologies, Inc.		120,000		45,087
	Richelieu Hardware Ltd.		361,973		12,778,442
#	Russel Metals, Inc.		339,623		8,954,346
#	Savaria Corp.		185,714		2,930,668
#	SNC-Lavalin Group, Inc.		655,742		17,638,697
	Stantec, Inc.		287,574		15,893,715
	Wajax Corp.		104,085		2,078,168
*	Westport Fuel Systems, Inc.		33,123		108,975
#	Westshore Terminals Investment Corp.		262,257		5,672,770
TOTAL INDUSTRIALS					177,520,832
INFORMATION TECHNOLOGY — (2.7%)
	Absolute Software Corp.		303,292		3,406,399
*	Celestica, Inc.		36,408		357,527
*	Celestica, Inc.		580,305		5,720,524
*	Descartes Systems Group, Inc.		23,881		1,952,749
	Enghouse Systems Ltd.		263,395		11,422,438
	Evertz Technologies Ltd.		146,939		1,682,390
# *	Kinaxis, Inc.		99,954		15,513,223
#	Quarterhill, Inc.		586,379		1,203,460
# *	Sierra Wireless, Inc.		241,452		4,046,311
	TECSYS, Inc.		14,563		658,842
	Vecima Networks, Inc.		6,059		79,311
*	VIQ Solutions, Inc.		9,600		23,581
TOTAL INFORMATION TECHNOLOGY					46,066,755
MATERIALS — (20.7%)
*	5N Plus, Inc.		414,065		1,030,479
#	Acadian Timber Corp.		65,067		968,434

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
#	AirBoss of America Corp.		112,538	$	2,928,025
	Alamos Gold, Inc., Class A		2,157,397		16,002,666
	Alamos Gold, Inc., Class A		2,642		19,656
#	Altius Minerals Corp.		208,691		2,665,970
# *	Americas Gold & Silver Corp.		86,596		81,167
*	Amerigo Resources Ltd.		189,208		198,748
*	Argonaut Gold, Inc.		1,706,606		4,329,948
*	Aya Gold & Silver, Inc.		16,800		125,158
#	B2Gold Corp.		2,045,993		8,447,822
	B2Gold Corp.		1,728,490		7,155,949
# *	Calibre Mining Corp.		231,489		276,829
# *	Canfor Corp.		341,978		7,084,935
*	Canfor Pulp Products, Inc.		138,951		754,485
# *	Capstone Mining Corp.		2,456,528		10,301,697
#	Cascades, Inc.		495,489		5,741,203
#	Centerra Gold, Inc.		1,270,606		9,527,493
	China Gold International Resources Corp. Ltd.		1,488,085		4,292,553
# *	Copper Mountain Mining Corp.		690,855		2,121,242
#	Dundee Precious Metals, Inc.		972,180		6,394,267
*	Eldorado Gold Corp.		664,263		5,941,653
*	Eldorado Gold Corp.		111,244		996,746
#	Endeavour Mining PLC		421,513		10,708,128
# *	Endeavour Silver Corp.		360,197		1,816,119
# *	Equinox Gold Corp.		575,917		4,271,914
*	Equinox Gold Corp.		88,657		658,722
# *	ERO Copper Corp.		305,622		5,702,014
#	First Majestic Silver Corp.		662,041		8,387,853
#	First Majestic Silver Corp.		272,599		3,453,829
# *	First Mining Gold Corp.		749,400		181,658
# *	Fortuna Silver Mines, Inc.		916,599		4,443,759
*	Fortuna Silver Mines, Inc.		437,641		2,126,935
*	Freegold Ventures Ltd.		9,000		3,163
# *	Galiano Gold, Inc.		696,057		528,679
# *	GoGold Resources, Inc.		62,609		174,026
*	Gold Standard Ventures Corp.		10,700		5,015
*	Golden Star Resources Ltd.		374,657		1,171,560
# *	Great Panther Mining Ltd.		91,900		41,584
* ††	Hanfeng Evergreen, Inc.		45,837		0
	Hudbay Minerals, Inc.		153,070		1,065,367
#	Hudbay Minerals, Inc.		1,055,906		7,363,016
# *	i-80 Gold Corp.		399,340		964,792
# *	IAMGOLD Corp.		2,197,656		6,055,274
*	IAMGOLD Corp.		599,837		1,661,548
# *	Imperial Metals Corp.		381,251		1,232,227
#	Interfor Corp.		357,541		8,187,388
	Intertape Polymer Group, Inc.		292,647		6,649,348
*	Ivanhoe Mines Ltd., Class A		848,150		6,654,441
*	Karora Resources, Inc.		410,857		1,467,346
#	Labrador Iron Ore Royalty Corp.		309,669		8,965,288
# *	Largo Resources Ltd.		65,149		812,785
# *	Largo Resources Ltd.		5,436		67,678
# *	Lucara Diamond Corp.		1,586,273		769,040
*	Lundin Gold, Inc.		95,394		873,315
# *	MAG Silver Corp.		15,600		310,714
*	MAG Silver Corp.		42,650		852,147
# *	Major Drilling Group International, Inc.		667,650		4,806,692
*	Mandalay Resources Corp.		464		861
*	Marathon Gold Corp.		147,500		333,710
	Maverix Metals, Inc.		9,022		43,229

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
	Maverix Metals, Inc.		44,020	$	212,176
#	Methanex Corp.		208,917		9,358,725
	Methanex Corp.		127,282		5,699,688
	Neo Performance Materials, Inc.		9,364		144,364
# *	New Gold, Inc.		3,469,405		4,877,800
# *	Northern Dynasty Minerals Ltd.		76,877		33,544
*	OceanaGold Corp.		3,696,713		6,899,973
* ††	Orbite Technologies, Inc.		73,500		0
	Osisko Gold Royalties Ltd.		614,967		7,766,592
#	Osisko Gold Royalties Ltd.		15,020		189,703
# *	Osisko Mining, Inc.		705,518		1,522,086
*	PolyMet Mining Corp.		64,208		215,307
# *	Pretium Resources, Inc.		369,604		4,464,816
*	Pretium Resources, Inc.		537,202		6,497,991
# *	Sabina Gold & Silver Corp.		1,438,714		1,639,130
# *	Sandstorm Gold Ltd.		904,360		5,721,670
*	Sandstorm Gold Ltd.		285,675		1,808,323
# *	Seabridge Gold, Inc.		115,446		2,131,497
# *	Seabridge Gold, Inc.		157,498		2,904,263
*	Sierra Metals, Inc.		6,100		12,383
	SSR Mining, Inc.		988,019		15,583,490
#	SSR Mining, Inc.		184,815		2,916,381
#	Stelco Holdings, Inc.		190,152		6,602,159
	Stella-Jones, Inc.		301,231		10,814,232
# *	Taseko Mines Ltd.		1,778,225		3,750,135
*	Torex Gold Resources, Inc.		458,504		5,331,183
#	Transcontinental, Inc., Class A		390,637		6,186,559
# *	Treasury Metals, Inc.		25,002		16,162
# *	Trevali Mining Corp.		2,559,289		475,627
*	Turquoise Hill Resources Ltd.		212,458		2,691,843
*	Turquoise Hill Resources Ltd.		307,670		3,898,074
*	Victoria Gold Corp.		20,843		319,483
# *	Wallbridge Mining Co. Ltd.		350,615		147,317
# *	Wesdome Gold Mines Ltd.		749,214		6,737,841
	Western Forest Products, Inc.		1,907,526		3,298,405
#	Winpak Ltd.		148,779		4,655,956
#	Yamana Gold, Inc.		4,784,888		18,790,042
	Yamana Gold, Inc.		588,814		2,325,815
TOTAL MATERIALS					356,839,024
REAL ESTATE — (3.5%)
#	Altus Group Ltd.		261,893		13,735,839
	Bridgemarq Real Estate Services		53,069		733,258
	Colliers International Group, Inc.		134,012		19,441,269
	Colliers International Group, Inc.		4,163		605,175
	DREAM Unlimited Corp., Class A		246,187		6,146,718
	Information Services Corp.		27,705		616,736
# *	Invesque, Inc.		191,266		388,270
*	Mainstreet Equity Corp.		31,349		2,798,764
	Melcor Developments Ltd.		55,340		648,376
	Morguard Corp.		22,184		2,447,661
# *	Real Matters, Inc.		350,220		2,560,998
#	Tricon Residential, Inc.		706,476		10,280,893
TOTAL REAL ESTATE					60,403,957
UTILITIES — (8.0%)
#	AltaGas Ltd.		508,361		10,523,763
	Atco Ltd., Class I		392,922		13,334,457

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

		Shares		Value»
UTILITIES — (Continued)
#	Boralex, Inc., Class A		549,954	$	17,019,423
#	Brookfield Infrastructure Corp., Class A		337,306		20,446,587
#	Capital Power Corp.		771,649		25,345,452
#	Innergex Renewable Energy, Inc.		652,084		10,854,015
*	Maxim Power Corp.		61,434		160,832
	Polaris Infrastructure, Inc.		115,463		1,718,511
#	Superior Plus Corp.		829,579		9,230,206
	TransAlta Corp.		16,789		188,373
	TransAlta Corp.		1,784,708		20,015,956
#	TransAlta Renewables, Inc.		614,934		9,102,772
TOTAL UTILITIES					137,940,347
TOTAL COMMON STOCKS					1,447,772,855
RIGHTS/WARRANTS — (0.0%)
ENERGY — (0.0%)
*	Cenovus Energy, Inc. Warrants 01/01/26		41,142		308,498
MATERIALS — (0.0%)
*	Treasury Metals, Inc. Warrants 08/07/23		1		0
TOTAL RIGHTS/WARRANTS					308,498
TOTAL INVESTMENT SECURITIES (Cost $1,069,056,866)					1,448,081,353
				Value†
SECURITIES LENDING COLLATERAL — (16.0%)
@ §	The DFA Short Term Investment Fund		23,890,671		276,415,069
TOTAL INVESTMENTS — (100.0%) (Cost $1,345,455,217)				$	1,724,496,422

» Securities that have been fair value factored. See Note B to Financial Statements.

* Non-Income Producing Securities.

# Total or Partial Securities on Loan.

†† Security valued using significant unobservable inputs (Level 3).

† See Note B to Financial Statements.

@ Security purchased with cash collateral received from Securities on Loan.

§ Affiliated Fund.

Summary of the Series’ investments as of October 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	$	20,392,287		—		—	$	20,392,287
Consumer Discretionary		91,314,123	$	37,597		—		91,351,720
Consumer Staples		75,414,131		—		—		75,414,131
Energy		294,213,404		60,357		—		294,273,761
Financials		166,203,306		—		—		166,203,306
Health Care		19,490,590		1,876,145		—		21,366,735
Industrials		177,520,832		—		—		177,520,832
Information Technology		46,066,755		—		—		46,066,755
Materials		356,051,981		787,043		—		356,839,024
Real Estate		60,403,957		—		—		60,403,957
Utilities		137,940,347		—		—		137,940,347
Rights/Warrants
Energy		—		308,498		—		308,498
Securities Lending Collateral		—		276,415,069		—		276,415,069
TOTAL	$	1,445,011,713	$	279,484,709		—	$	1,724,496,422

See accompanying Notes to Financial Statements.

THE EMERGING MARKETS SERIES

SCHEDULE OF INVESTMENTS

October 31, 2021

		Shares		Value»
COMMON STOCKS — (97.6%)
BRAZIL — (3.0%)
	Ambev SA, ADR		2,170,950	$	6,426,012
*	Americanas SA		199,121		1,047,857
	Atacadao SA		608,689		1,794,639
	B3 SA - Brasil Bolsa Balcao		2,833,971		5,980,473
	Banco Bradesco SA		720,380		2,169,896
	Banco BTG Pactual SA		541,804		2,164,797
	Banco do Brasil SA		697,650		3,522,985
	Banco Inter SA		78,934		161,957
	Banco Santander Brasil SA		214,624		1,308,173
	BB Seguridade Participacoes SA		478,843		1,874,206
*	Braskem SA, Sponsored ADR		67,098		1,299,688
*	BRF SA		624,423		2,570,138
	CCR SA		1,918,917		3,886,251
	Centrais Eletricas Brasileiras SA		133,977		803,083
	Cia de Saneamento Basico do Estado de Sao Paulo		288,020		1,796,361
#	Cia de Saneamento Basico do Estado de Sao Paulo, ADR		40,965		257,260
	Cia Energetica de Minas Gerais		166,025		488,914
	Cia Paranaense de Energia, Sponsored ADR		17,400		88,914
	Cia Paranaense de Energia		39,800		205,918
	Cia Siderurgica Nacional SA, Sponsored ADR		545,056		2,223,828
	Cia Siderurgica Nacional SA		201,965		815,189
	Cosan SA		519,496		1,821,614
	CPFL Energia SA		146,500		682,947
	Energisa SA		228,135		1,601,529
*	Eneva SA		222,000		566,427
	Engie Brasil Energia SA		142,776		984,339
	Equatorial Energia SA		1,008,121		4,086,929
	Gerdau SA, Sponsored ADR		750,154		3,548,228
*	Getnet Adquirencia e Servicos para Meios de Pagamento SA		53,656		41,451
W	Hapvida Participacoes e Investimentos SA		467,407		955,717
	Hypera SA		368,936		1,834,286
	Itau Unibanco Holding SA		217,203		809,345
	JBS SA		907,200		6,277,005
*	Klabin SA		1,184,590		4,814,929
	Localiza Rent a Car SA		284,714		2,285,259
	Lojas Americanas SA		153,211		133,834
	Lojas Renner SA		822,247		4,695,599
	Magazine Luiza SA		1,132,402		2,168,976
*	Natura & Co. Holding SA		519,291		3,579,223
	Neoenergia SA		13,100		35,978
	Notre Dame Intermedica Participacoes SA		191,892		2,182,152
*	Petro Rio SA		599,305		2,492,237
	Petroleo Brasileiro SA, Sponsored ADR		1,257,307		12,082,720
	Petroleo Brasileiro SA, Sponsored ADR		227,883		2,237,811
	Petroleo Brasileiro SA		2,733,556		13,401,874
	Porto Seguro SA		352,474		1,457,660
	Raia Drogasil SA		676,185		2,785,588
*	Rumo SA		1,345,731		3,812,722
	Sendas Distribuidora SA		1,324,200		3,587,480
*	Suzano SA		480,607		4,192,261
# *	Suzano SA, Sponsored ADR		74,273		651,373
	Telefonica Brasil SA		248,062		2,000,741
	TIM SA		1,144,280		2,274,854
	TOTVS SA		323,491		1,877,736
	Ultrapar Participacoes SA		396,163		916,037
	Usinas Siderurgicas de Minas Gerais SA Usiminas		40,000		91,286
	Vale SA, Sponsored ADR		492,462		6,269,048

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
BRAZIL — (Continued)
	Vale SA		2,960,013	$	37,557,408
	Vibra Energia SA		659,755		2,452,543
	WEG SA		772,566		5,064,840
*	XP, Inc.		58,513		1,918,028
TOTAL BRAZIL					191,116,553
CHILE — (0.4%)
	Aguas Andinas SA, Class A		46,865		8,937
	Banco de Chile, ADR		128,473		2,220,001
	Banco de Credito e Inversiones SA		44,964		1,514,592
	Banco Santander Chile, ADR		78,503		1,391,073
	CAP SA		95,505		945,800
	Cencosud SA		2,030,933		2,970,410
	Cencosud Shopping SA		306,396		296,438
	Cia Cervecerias Unidas SA		9,080		76,075
	Cia Cervecerias Unidas SA, Sponsored ADR		22,534		381,050
	Cia Sud Americana de Vapores SA		24,425,440		1,587,463
	Colbun SA		6,066,618		418,297
	Embotelladora Andina SA, ADR, Class B		24,029		294,836
	Empresa Nacional de Telecomunicaciones SA		248,695		853,003
	Empresas CMPC SA		882,894		1,629,090
	Empresas COPEC SA		199,016		1,565,541
#	Enel Americas SA, ADR		531,039		3,005,681
#	Enel Chile SA, ADR		612,583		1,329,305
	Falabella SA		296,510		819,772
	Plaza SA		228,768		228,327
	Sociedad Quimica y Minera de Chile SA, Sponsored ADR		94,021		5,160,813
TOTAL CHILE					26,696,504
CHINA — (31.5%)
*	360 Security Technology, Inc., Class A		409,600		770,546
*	51job, Inc., ADR		36,065		2,148,031
	AAC Technologies Holdings, Inc.		1,726,500		7,462,306
	Addsino Co. Ltd., Class A		129,000		309,789
	AECC Aero-Engine Control Co. Ltd., Class A		68,057		283,882
	AECC Aviation Power Co. Ltd., Class A		79,700		736,435
	Agile Group Holdings Ltd.		2,346,000		1,839,130
	Agricultural Bank of China Ltd., Class H		23,317,000		7,923,285
	Aier Eye Hospital Group Co. Ltd., Class A		226,236		1,710,968
*	Air China Ltd., Class H		1,830,000		1,287,446
*	Alibaba Group Holding Ltd., Sponsored ADR		929,746		153,352,305
*	Alibaba Group Holding Ltd.		714,100		14,683,794
*	Alibaba Health Information Technology Ltd.		2,164,000		2,709,735
W	A-Living Smart City Services Co. Ltd.		58,500		194,190
*	Aluminum Corp. of China Ltd., ADR		21,075		316,125
*	Aluminum Corp. of China Ltd., Class H		7,152,000		4,304,004
	Angang Steel Co. Ltd., Class H		468,000		251,563
	Angel Yeast Co. Ltd., Class A		106,100		922,750
	Anhui Anke Biotechnology Group Co. Ltd., Class A		38,520		73,789
	Anhui Conch Cement Co. Ltd., Class H		2,516,500		12,443,855
	Anhui Gujing Distillery Co. Ltd., Class A		18,116		643,845
	Anhui Honglu Steel Construction Group Co. Ltd., Class A		52,819		348,536
	Anhui Kouzi Distillery Co. Ltd., Class A		71,000		671,249
	Anhui Yingjia Distillery Co. Ltd., Class A		74,000		702,137
	ANTA Sports Products Ltd.		781,000		12,100,595
	Apeloa Pharmaceutical Co. Ltd., Class A		163,520		887,573
	Asymchem Laboratories Tianjin Co. Ltd., Class A		7,200		447,749
	Autobio Diagnostics Co. Ltd., Class A		47,984		410,638

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Avary Holding Shenzhen Co. Ltd., Class A		112,776	$	616,961
	AVIC Electromechanical Systems Co. Ltd., Class A		155,700		369,414
	AVIC Industry-Finance Holdings Co. Ltd., Class A		327,700		199,379
	AVICOPTER PLC, Class A		22,704		223,173
	Bafang Electric Suzhou Co. Ltd., Class A		8,500		316,993
*	Baidu, Inc., Sponsored ADR		137,226		22,263,546
*	Baidu, Inc., Class A		766,950		15,671,958
	Bank of Beijing Co. Ltd., Class A		1,062,508		735,412
	Bank of Changsha Co. Ltd., Class A		436,484		548,649
	Bank of Chengdu Co. Ltd., Class A		441,950		881,476
	Bank of China Ltd., Class H		39,731,181		14,060,927
	Bank of Communications Co. Ltd., Class H		10,379,515		6,174,594
	Bank of Guiyang Co. Ltd., Class A		515,395		543,741
	Bank of Hangzhou Co. Ltd., Class A		352,304		785,814
	Bank of Jiangsu Co. Ltd., Class A		742,270		729,418
	Bank of Nanjing Co. Ltd., Class A		787,380		1,193,459
	Bank of Ningbo Co. Ltd., Class A		288,493		1,719,880
	Bank of Shanghai Co. Ltd., Class A		713,983		813,481
	Bank of Suzhou Co. Ltd., Class A		323,800		348,776
	Baoshan Iron & Steel Co. Ltd., Class A		1,014,500		1,129,170
# *	BeiGene Ltd., ADR		741		265,071
*	BeiGene Ltd.		191,700		5,301,005
	Beijing Capital Eco-Environment Protection Group Co. Ltd., Class A		818,160		429,892
	Beijing Dabeinong Technology Group Co. Ltd., Class A		404,252		542,101
	Beijing Easpring Material Technology Co. Ltd., Class A		34,600		478,952
	Beijing Enlight Media Co. Ltd., Class A		221,406		323,957
	Beijing New Building Materials PLC, Class A		172,803		761,482
	Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A		132,362		860,281
	Beijing Originwater Technology Co. Ltd., Class A		293,800		319,778
	Beijing Shiji Information Technology Co. Ltd., Class A		87,729		324,707
*	Beijing Shougang Co. Ltd., Class A		257,300		231,399
	Beijing Shunxin Agriculture Co. Ltd., Class A		62,300		317,279
	Beijing Tiantan Biological Products Corp. Ltd., Class A		64,347		290,438
	Beijing Tongrentang Co. Ltd., Class A		36,400		182,411
	Beijing United Information Technology Co. Ltd., Class A		8,800		154,110
	Beijing Yuanliu Hongyuan Electronic Technology Co. Ltd., Class A		17,400		441,728
	Betta Pharmaceuticals Co. Ltd., Class A		19,406		239,990
	BGI Genomics Co. Ltd., Class A		55,500		772,115
*	Bilibili, Inc., Class Z		63,320		4,639,828
	BOC International China Co. Ltd., Class A		179,500		372,427
	BOE Technology Group Co. Ltd., Class A		2,001,800		1,537,947
#	Bosideng International Holdings Ltd.		3,082,000		2,388,098
*	BTG Hotels Group Co. Ltd., Class A		44,400		169,657
	BYD Co. Ltd., Class H		514,386		19,674,020
	By-health Co. Ltd., Class A		124,793		496,766
	C&S Paper Co. Ltd., Class A		148,000		393,797
	Caitong Securities Co. Ltd., Class A		421,300		675,171
* W	CanSino Biologics, Inc., Class H		39,000		997,409
	CECEP Solar Energy Co. Ltd., Class A		241,000		420,101
	CECEP Wind-Power Corp., Class A		356,800		411,278
	Centre Testing International Group Co. Ltd., Class A		27,300		117,681
W	CGN Power Co. Ltd., Class H		4,899,000		1,318,798
	Chacha Food Co. Ltd., Class A		31,000		276,121
	Changchun High & New Technology Industry Group, Inc., Class A		20,700		882,596
	Changjiang Securities Co. Ltd., Class A		649,070		734,134
	Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Class A		17,700		632,415
	Chaozhou Three-Circle Group Co. Ltd., Class A		139,705		873,815
	Chengtun Mining Group Co. Ltd., Class A		229,600		366,964
*	Chengxin Lithium Group Co. Ltd., Class A		32,529		293,803

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
*	Chifeng Jilong Gold Mining Co. Ltd., Class A		203,200	$	516,325
	China Baoan Group Co. Ltd., Class A		129,234		423,908
	China Cinda Asset Management Co. Ltd., Class H		3,106,000		518,534
	China CITIC Bank Corp. Ltd., Class H		9,190,928		4,031,597
	China Coal Energy Co. Ltd., Class H		3,786,777		2,310,257
††	China Common Rich Renewable Energy Investments Ltd.		5,416,000		652,593
	China Conch Venture Holdings Ltd.		1,567,000		7,614,594
	China Construction Bank Corp., Class H		79,728,590		54,261,738
	China CSSC Holdings Ltd., Class A		45,800		160,933
# *	China Eastern Airlines Corp. Ltd., ADR		11,904		230,104
*	China Eastern Airlines Corp. Ltd., Class H		3,082,000		1,209,234
	China Everbright Bank Co. Ltd., Class H		4,752,000		1,671,093
W	China Feihe Ltd.		5,705,000		9,471,978
	China Galaxy Securities Co. Ltd., Class H		5,850,000		3,257,141
	China Gas Holdings Ltd.		6,299,200		15,722,928
	China Great Wall Securities Co. Ltd., Class A		196,900		351,748
	China Greatwall Technology Group Co. Ltd., Class A		182,800		384,440
	China Hongqiao Group Ltd.		4,467,000		4,963,065
W	China International Capital Corp. Ltd., Class H		2,061,200		5,103,054
	China International Marine Containers Group Co. Ltd., Class H		524,820		1,039,815
	China Jushi Co. Ltd., Class A		396,469		1,184,425
#	China Life Insurance Co. Ltd., ADR		455,615		3,927,401
	China Life Insurance Co. Ltd., Class H		1,945,000		3,378,989
* W	China Literature Ltd.		337,200		2,339,653
	China Longyuan Power Group Corp. Ltd., Class H		2,872,000		6,717,712
	China Mengniu Dairy Co. Ltd.		2,224,000		14,150,339
	China Merchants Bank Co. Ltd., Class H		3,434,554		28,782,038
	China Merchants Energy Shipping Co. Ltd., Class A		607,440		434,316
# W	China Merchants Securities Co. Ltd., Class H		535,860		846,618
	China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A		459,273		749,062
	China Minmetals Rare Earth Co. Ltd., Class A		41,491		246,071
#	China Minsheng Banking Corp. Ltd., Class H		4,818,600		1,910,558
	China Molybdenum Co. Ltd., Class H		5,004,966		3,094,083
	China National Building Material Co. Ltd., Class H		10,930,000		13,698,492
	China National Medicines Corp. Ltd., Class A		31,900		151,961
	China National Nuclear Power Co. Ltd., Class A		1,600,390		1,715,181
	China National Software & Service Co. Ltd., Class A		20,300		162,735
	China Northern Rare Earth Group High-Tech Co. Ltd., Class A		133,500		1,058,813
	China Oilfield Services Ltd., Class H		4,074,000		3,896,236
	China Overseas Land & Investment Ltd.		7,665,500		16,906,687
	China Pacific Insurance Group Co. Ltd., Class H		4,918,400		15,039,840
	China Petroleum & Chemical Corp., ADR		52,089		2,535,678
	China Petroleum & Chemical Corp., Class H		12,896,800		6,283,743
	China Railway Group Ltd., Class H		7,014,000		3,426,305
W	China Railway Signal & Communication Corp. Ltd., Class H		2,390,000		838,423
	China Resources Beer Holdings Co. Ltd.		1,137,611		9,393,069
	China Resources Cement Holdings Ltd.		6,186,000		5,201,833
	China Resources Gas Group Ltd.		2,140,000		11,486,106
#	China Resources Land Ltd.		5,690,666		22,110,902
	China Resources Power Holdings Co. Ltd.		2,194,517		5,679,899
	China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A		110,058		414,917
	China Shenhua Energy Co. Ltd., Class H		5,763,500		12,393,224
*	China Southern Airlines Co. Ltd., Sponsored ADR		7,704		232,969
# *	China Southern Airlines Co. Ltd., Class H		1,720,000		1,045,953
	China State Construction Engineering Corp. Ltd., Class A		1,922,400		1,398,617
	China Suntien Green Energy Corp. Ltd., Class H		673,000		534,877
	China Taiping Insurance Holdings Co. Ltd.		3,127,306		4,758,791
	China Tourism Group Duty Free Corp. Ltd., Class A		91,500		3,832,275
W	China Tower Corp. Ltd., Class H		65,824,000		8,530,708

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	China TransInfo Technology Co. Ltd., Class A		145,530	$	304,127
	China Vanke Co. Ltd., Class H		3,341,320		7,806,757
	China Yangtze Power Co. Ltd., Class A		748,847		2,488,648
	China Zhenhua Group Science & Technology Co. Ltd., Class A		36,400		589,488
#	China Zheshang Bank Co. Ltd., Class H		82,000		32,981
*	Chongqing Brewery Co. Ltd., Class A		21,500		504,381
	Chongqing Changan Automobile Co. Ltd., Class A		186,420		570,147
	Chongqing Rural Commercial Bank Co. Ltd., Class H		2,634,000		947,498
	Chongqing Zhifei Biological Products Co. Ltd., Class A		83,314		1,958,647
	Chow Tai Seng Jewellery Co. Ltd., Class A		82,704		244,124
	CIFI Holdings Group Co. Ltd.		4,041,191		2,243,177
	CITIC Ltd.		4,725,000		4,733,483
	CITIC Securities Co. Ltd., Class H		2,142,000		5,438,446
	CNNC Hua Yuan Titanium Dioxide Co. Ltd., Class A		144,300		310,884
	CNOOC Energy Technology & Services Ltd., Class A		406,800		183,634
	Contemporary Amperex Technology Co. Ltd., Class A		61,920		6,202,652
# *	COSCO SHIPPING Holdings Co. Ltd., Class H		3,966,299		6,143,429
	Country Garden Holdings Co. Ltd.		15,537,519		14,620,914
	Country Garden Services Holdings Co. Ltd.		1,136,492		8,749,261
W	CSC Financial Co. Ltd., Class H		1,105,500		1,168,604
	CSG Holding Co. Ltd., Class A		225,400		318,574
	CSPC Pharmaceutical Group Ltd.		17,069,200		17,811,704
	Daan Gene Co. Ltd., Class A		171,580		515,513
W	Dali Foods Group Co. Ltd.		4,627,500		2,576,507
	Daqin Railway Co. Ltd., Class A		883,060		876,201
	DaShenLin Pharmaceutical Group Co. Ltd., Class A		94,095		519,920
	Datang International Power Generation Co. Ltd., Class H		2,826,000		510,735
	DHC Software Co. Ltd., Class A		290,300		314,860
	Do-Fluoride New Materials Co. Ltd., Class A		31,200		303,485
	Dong-E-E-Jiao Co. Ltd., Class A		42,611		270,074
	Dongfang Electric Corp. Ltd., Class H		151,800		242,216
	Dongfeng Motor Group Co. Ltd., Class H		1,426,000		1,328,115
	Dongxing Securities Co. Ltd., Class A		323,718		554,436
	East Money Information Co. Ltd., Class A		325,440		1,673,578
	Ecovacs Robotics Co. Ltd., Class A		14,400		386,088
	ENN Energy Holdings Ltd.		561,700		9,677,236
	ENN Natural Gas Co. Ltd., Class A		245,000		705,345
* W	ESR Cayman Ltd.		965,200		3,123,257
	Eve Energy Co. Ltd., Class A		38,105		675,439
# W	Everbright Securities Co. Ltd., Class H		512,600		400,320
	Fangda Carbon New Material Co. Ltd., Class A		374,324		629,084
	FAW Jiefang Group Co. Ltd.		112,300		183,062
	First Capital Securities Co. Ltd., Class A		320,000		341,506
	Flat Glass Group Co. Ltd., Class H		412,000		2,208,596
	Focus Media Information Technology Co. Ltd., Class A		1,270,900		1,456,370
	Foshan Haitian Flavouring & Food Co. Ltd., Class A		182,121		3,334,859
	Fosun International Ltd.		3,325,222		3,895,888
	Founder Securities Co. Ltd., Class A		411,200		524,333
	Fu Jian Anjoy Foods Co. Ltd., Class A		14,400		454,978
	Fujian Funeng Co. Ltd., Class A		31,900		89,190
	Fujian Sunner Development Co. Ltd., Class A		215,363		756,088
# *	Futu Holdings Ltd., ADR		58,356		3,123,213
W	Fuyao Glass Industry Group Co. Ltd., Class H		791,200		4,555,490
W	Ganfeng Lithium Co. Ltd., Class H		82,800		1,551,315
	G-bits Network Technology Xiamen Co. Ltd., Class A		11,400		608,553
* ††	GCL-Poly Energy Holdings Ltd.		20,189,000		3,853,308
	GD Power Development Co. Ltd., Class A		229,600		99,971
# *	GDS Holdings Ltd., ADR		45,771		2,718,797
*	GDS Holdings Ltd., Class A		324,600		2,437,758

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Geely Automobile Holdings Ltd.		8,400,000	$	29,153,372
	GEM Co. Ltd., Class A		143,076		243,354
	Gemdale Corp., Class A		343,800		545,237
*	Genscript Biotech Corp.		660,000		2,920,419
	GF Securities Co. Ltd., Class H		1,723,400		2,923,086
	Giant Network Group Co. Ltd., Class A		153,702		238,402
	Gigadevice Semiconductor Beijing, Inc., Class A		23,374		619,815
	Ginlong Technologies Co. Ltd., Class A		12,550		547,714
	GoerTek, Inc., Class A		198,500		1,348,179
*	Gotion High-tech Co. Ltd., Class A		68,900		634,520
	Grandblue Environment Co. Ltd., Class A		4,600		15,879
	Great Wall Motor Co. Ltd., Class H		2,087,000		9,390,549
	Gree Electric Appliances, Inc. of Zhuhai, Class A		160,333		915,723
	Greenland Holdings Corp. Ltd., Class A		547,575		351,767
	GRG Banking Equipment Co. Ltd., Class A		218,700		353,722
	Guangdong Haid Group Co. Ltd., Class A		89,300		914,889
*	Guangdong HEC Technology Holding Co. Ltd., Class A		116,900		193,864
	Guangdong Investment Ltd.		2,818,000		3,543,247
	Guangdong Kinlong Hardware Products Co. Ltd., Class A		12,200		253,210
*	Guanghui Energy Co. Ltd., Class A		764,600		789,101
	Guangxi Guiguan Electric Power Co. Ltd., Class A		34,400		31,093
	Guangzhou Automobile Group Co. Ltd., Class H		2,971,162		2,804,657
	Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H		190,000		480,353
	Guangzhou Haige Communications Group, Inc. Co., Class A		222,052		327,557
	Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A		24,501		439,757
	Guangzhou Shiyuan Electronic Technology Co. Ltd., Class A		37,300		442,372
	Guangzhou Tinci Materials Technology Co. Ltd., Class A		28,820		741,673
	Guangzhou Yuexiu Financial Holdings Group Co. Ltd., Class A		225,855		272,669
	Guosen Securities Co. Ltd., Class A		186,700		332,764
* W	Guotai Junan Securities Co. Ltd., Class H		474,400		647,662
	Guoyuan Securities Co. Ltd., Class A		512,240		593,453
	Haier Smart Home Co. Ltd., Class A		258,200		1,097,143
	Haier Smart Home Co. Ltd., Class H		3,771,200		14,042,790
	Haitong Securities Co. Ltd., Class H		4,550,800		4,048,488
*	Hang Zhou Great Star Industrial Co. Ltd., Class A		97,808		489,769
	Hangzhou First Applied Material Co. Ltd., Class A		57,665		1,294,072
	Hangzhou Oxygen Plant Group Co. Ltd., Class A		132,600		537,593
	Hangzhou Robam Appliances Co. Ltd., Class A		111,100		543,513
	Hangzhou Silan Microelectronics Co. Ltd., Class A		18,600		179,367
	Hangzhou Tigermed Consulting Co. Ltd., Class A		12,100		322,114
W	Hangzhou Tigermed Consulting Co. Ltd., Class H		100,800		1,965,965
	Han’s Laser Technology Industry Group Co. Ltd., Class A		128,617		862,705
W	Hansoh Pharmaceutical Group Co. Ltd.		704,000		1,565,071
	Haohua Chemical Science & Technology Co. Ltd., Class A		26,400		133,757
	Hebei Hengshui Laobaigan Liquor Co. Ltd., Class A		20,700		69,554
	Hefei Meiya Optoelectronic Technology, Inc., Class A		64,843		410,063
	Heilongjiang Agriculture Co. Ltd., Class A		174,805		375,904
	Henan Shenhuo Coal & Power Co. Ltd., Class A		210,300		312,096
	Henan Shuanghui Investment & Development Co. Ltd., Class A		281,129		1,295,465
#	Hengan International Group Co. Ltd.		1,684,500		8,803,083
	Hengdian Group DMEGC Magnetics Co. Ltd., Class A		178,421		393,502
	Hengli Petrochemical Co. Ltd., Class A		430,900		1,485,894
	Hengyi Petrochemical Co. Ltd., Class A		347,388		594,526
	Hesteel Co. Ltd., Class A		990,453		380,594
	Hithink RoyalFlush Information Network Co. Ltd., Class A		31,881		561,822
	Hongfa Technology Co. Ltd., Class A		71,093		822,582
	Hongta Securities Co. Ltd., Class A		78,520		137,735
	Hopson Development Holdings Ltd.		177,210		480,871
* W	Hua Hong Semiconductor Ltd.		316,000		1,585,770

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Huaan Securities Co. Ltd., Class A		357,710	$	285,782
	Huadong Medicine Co. Ltd., Class A		150,000		856,364
	Huafon Chemical Co. Ltd., Class A		380,483		707,862
	Huagong Tech Co. Ltd., Class A		50,100		225,750
	Huaibei Mining Holdings Co. Ltd., Class A		247,300		488,554
	Hualan Biological Engineering, Inc., Class A		104,900		487,237
	Huaneng Power International, Inc., Sponsored ADR		30,485		625,247
#	Huaneng Power International, Inc., Class H		2,986,000		1,545,430
W	Huatai Securities Co. Ltd., Class H		1,540,800		2,291,340
	Huaxi Securities Co. Ltd., Class A		159,100		224,856
	Huaxia Bank Co. Ltd., Class A		644,456		566,761
	Huaxin Cement Co. Ltd., Class A		206,300		538,048
	Huayu Automotive Systems Co. Ltd., Class A		235,900		988,650
*	Huazhu Group Ltd., ADR		114,067		5,288,146
	Hubei Xingfa Chemicals Group Co. Ltd., Class A		112,400		873,767
	Huizhou Desay Sv Automotive Co. Ltd., Class A		11,000		184,053
	Humanwell Healthcare Group Co. Ltd., Class A		141,200		463,652
	Hunan Valin Steel Co. Ltd., Class A		1,237,900		1,033,121
	Hundsun Technologies, Inc., Class A		48,792		479,053
	Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia, Class A		105,400		209,464
	Iflytek Co. Ltd., Class A		70,100		619,441
	Industrial & Commercial Bank of China Ltd., Class H		53,639,185		29,402,967
	Industrial Bank Co. Ltd., Class A		643,039		1,871,450
	Industrial Securities Co. Ltd., Class A		501,960		715,823
	Infore Environment Technology Group Co. Ltd., Class A		158,423		154,946
*	Inner Mongolia BaoTou Steel Union Co. Ltd., Class A		2,030,820		892,652
	Inner Mongolia Eerduosi Resources Co. Ltd., Class A		103,600		480,281
	Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A		810,103		648,905
	Inner Mongolia Yili Industrial Group Co. Ltd., Class A		350,900		2,352,498
*	Inner Mongolia Yuan Xing Energy Co. Ltd., Class A		276,900		330,961
* W	Innovent Biologics, Inc.		642,000		5,746,125
	Inspur Electronic Information Industry Co. Ltd., Class A		58,384		283,392
# *	iQIYI, Inc., ADR		228,031		1,888,097
	JA Solar Technology Co. Ltd., Class A		18,188		259,504
	Jafron Biomedical Co. Ltd., Class A		85,065		686,299
	Jason Furniture Hangzhou Co. Ltd., Class A		51,600		501,730
	JCET Group Co. Ltd., Class A		185,200		895,575
*	JD.com, Inc., ADR		248,488		19,451,641
*	JD.com, Inc., Class A		215,850		8,449,876
	Jiangsu Eastern Shenghong Co. Ltd., Class A		138,440		588,618
	Jiangsu Expressway Co. Ltd., Class H		1,020,000		967,194
	Jiangsu Hengli Hydraulic Co. Ltd., Class A		70,098		898,912
	Jiangsu Hengrui Medicine Co. Ltd., Class A		230,755		1,772,659
	Jiangsu King’s Luck Brewery JSC Ltd., Class A		101,212		778,663
	Jiangsu Shagang Co. Ltd., Class A		237,700		230,646
	Jiangsu Shuangxing Color Plastic New Materials Co. Ltd., Class A		90,900		336,212
	Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A		71,390		2,071,198
	Jiangsu Yangnong Chemical Co. Ltd., Class A		39,837		732,473
	Jiangsu Yoke Technology Co. Ltd., Class A		21,600		257,228
	Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A		137,400		756,776
	Jiangsu Zhongtian Technology Co. Ltd., Class A		375,200		592,953
	Jiangxi Copper Co. Ltd., Class H		1,544,000		2,696,316
	Jiangxi Zhengbang Technology Co. Ltd., Class A		493,546		772,029
	Jinduicheng Molybdenum Co. Ltd., Class A		254,400		288,608
	Jinke Properties Group Co. Ltd., Class A		296,700		205,891
	JiuGui Liquor Co. Ltd., Class A		11,500		384,826
	JL Mag Rare-Earth Co. Ltd., Class A		35,400		216,567
	Joincare Pharmaceutical Group Industry Co. Ltd., Class A		240,955		433,868

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Joinn Laboratories China Co. Ltd., Class A		7,840	$	195,629
	Jointown Pharmaceutical Group Co. Ltd., Class A		227,867		483,215
	Jonjee Hi-Tech Industrial & Commercial Holding Co. Ltd., Class A		91,900		524,128
	Juewei Food Co. Ltd., Class A		51,044		524,622
	Juneyao Airlines Co. Ltd., Class A		141,100		350,653
	Keboda Technology Co. Ltd., Class A		8,000		82,752
*	Kingdee International Software Group Co. Ltd.		1,392,000		4,580,204
	Kingfa Sci & Tech Co. Ltd., Class A		391,887		718,820
	Kingsoft Corp. Ltd.		981,000		4,185,969
*	Kuang-Chi Technologies Co. Ltd., Class A		102,600		329,130
	Kunlun Energy Co. Ltd.		7,162,000		6,523,005
	Kunlun Tech Co. Ltd., Class A		55,700		162,055
	Kweichow Moutai Co. Ltd., Class A		65,693		18,746,074
	KWG Living Group Holdings Ltd.		518,250		349,113
	Laobaixing Pharmacy Chain JSC, Class A		32,920		224,699
	LB Group Co. Ltd., Class A		190,800		848,190
	Lenovo Group Ltd.		18,933,278		20,560,934
	Lens Technology Co. Ltd., Class A		261,100		868,750
	Lepu Medical Technology Beijing Co. Ltd., Class A		180,977		602,656
	Leyard Optoelectronic Co. Ltd., Class A		166,100		244,169
# *	Li Auto, Inc., ADR		65,575		2,139,712
	Li Ning Co. Ltd.		1,623,500		17,915,414
	Liaoning Cheng Da Co. Ltd., Class A		143,200		455,761
	Lingyi iTech Guangdong Co., Class A		716,318		746,468
	Logan Group Co. Ltd.		3,652,000		3,658,214
W	Longfor Group Holdings Ltd.		3,097,000		14,983,035
	LONGi Green Energy Technology Co. Ltd., Class A		328,720		5,011,984
	Luenmei Quantum Co. Ltd., Class A		130,360		168,321
	Luoyang Xinqianglian Slewing Bearing Co. Ltd., Class A		9,000		320,565
	Luxi Chemical Group Co. Ltd., Class A		293,600		753,395
	Luxshare Precision Industry Co. Ltd., Class A		403,724		2,441,512
	Luzhou Laojiao Co. Ltd., Class A		76,529		2,730,026
	Mango Excellent Media Co. Ltd., Class A		102,892		631,134
*	Meinian Onehealth Healthcare Holdings Co. Ltd., Class A		254,457		286,173
* W	Meituan, Class B		1,192,700		40,585,923
	Metallurgical Corp. of China Ltd., Class H		4,159,000		1,153,582
	Microport Scientific Corp.		326,903		1,537,993
	Midea Group Co. Ltd., Class A		479,784		5,146,454
	Ming Yang Smart Energy Group Ltd., Class A		202,404		979,670
	MLS Co. Ltd., Class A		166,400		362,133
	Montage Technology Co. Ltd., Class A		22,233		226,562
	Muyuan Foods Co. Ltd., Class A		370,587		3,313,787
	Nanjing Hanrui Cobalt Co. Ltd., Class A		21,947		271,080
	Nanjing Iron & Steel Co. Ltd., Class A		733,400		404,499
	Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A		101,634		588,553
	Nanjing Securities Co. Ltd., Class A		432,700		656,155
	NARI Technology Co. Ltd., Class A		207,960		1,266,252
	NAURA Technology Group Co. Ltd., Class A		6,700		388,621
*	NavInfo Co. Ltd., Class A		175,450		320,933
	NetEase, Inc., ADR		271,103		26,456,942
	NetEase, Inc.		30,900		599,389
	New China Life Insurance Co. Ltd., Class H		1,684,100		4,858,443
*	New Hope Liuhe Co. Ltd., Class A		260,600		586,235
	Nine Dragons Paper Holdings Ltd.		3,293,000		4,140,948
	Ninestar Corp., Class A		71,051		407,232
	Ningbo Joyson Electronic Corp., Class A		126,400		350,926
	Ningbo Tuopu Group Co. Ltd., Class A		75,148		611,878
	Ningbo Zhoushan Port Co. Ltd., Class A		449,700		263,369
	Ningxia Baofeng Energy Group Co. Ltd., Class A		320,300		733,276

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
*	NIO, Inc., ADR		368,459	$	14,520,969
*	North Industries Group Red Arrow Co. Ltd., Class A		55,100		229,165
	Northeast Securities Co. Ltd., Class A		111,420		150,006
*	Offcn Education Technology Co. Ltd., Class A		80,212		130,474
	Offshore Oil Engineering Co. Ltd., Class A		256,250		186,208
	OFILM Group Co. Ltd., Class A		214,300		250,343
	Oppein Home Group, Inc., Class A		38,695		769,883
W	Orient Securities Co. Ltd., Class H		1,012,800		831,006
	Ovctek China, Inc., Class A		33,152		352,943
*	Pacific Securities Co. Ltd., Class A		708,600		345,266
*	Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A		747,000		466,295
	People’s Insurance Co. Group of China Ltd., Class H		7,814,000		2,437,367
	Perfect World Co. Ltd., Class A		175,785		476,660
	PetroChina Co. Ltd., ADR		101,403		4,893,709
	PetroChina Co. Ltd., Class H		10,762,000		5,188,871
	PharmaBlock Sciences Nanjing, Inc., Class A		14,190		337,361
W	Pharmaron Beijing Co. Ltd., Class H		57,300		1,239,800
	PICC Property & Casualty Co. Ltd., Class H		11,511,198		10,716,297
*	Pinduoduo, Inc., ADR		122,979		10,935,293
	Ping An Bank Co. Ltd., Class A		608,900		1,854,720
# * W	Ping An Healthcare & Technology Co. Ltd.		408,200		1,973,328
	Ping An Insurance Group Co. of China Ltd., Class H		5,400,000		38,678,739
	Poly Developments & Holdings Group Co. Ltd., Class A		448,683		880,584
W	Postal Savings Bank of China Co. Ltd., Class H		5,843,000		4,246,653
	Power Construction Corp. of China Ltd., Class A		939,511		1,208,904
	Proya Cosmetics Co. Ltd., Class A		25,300		794,075
	Qingdao Haier Biomedical Co. Ltd., Class A		3,428		50,457
W	Qingdao Port International Co. Ltd., Class H		69,000		34,681
	Qingdao Rural Commercial Bank Corp., Class A		438,300		261,802
	Qingdao TGOOD Electric Co. Ltd., Class A		78,000		321,256
	Raytron Technology Co. Ltd., Class A		24,014		271,376
	Red Avenue New Materials Group Co. Ltd., Class A		13,800		118,104
* W	Red Star Macalline Group Corp. Ltd., Class H		91,289		51,210
	RiseSun Real Estate Development Co. Ltd., Class A		412,534		276,661
	Riyue Heavy Industry Co. Ltd., Class A		76,100		464,930
	Rongsheng Petrochemical Co. Ltd., Class A		530,694		1,429,323
	SAIC Motor Corp. Ltd., Class A		236,045		749,087
	Sailun Group Co. Ltd., Class A		406,500		848,245
	Sanan Optoelectronics Co. Ltd., Class A		114,600		602,083
	Sangfor Technologies, Inc., Class A		8,900		281,520
	Sany Heavy Industry Co. Ltd., Class A		579,334		2,077,503
	SDIC Power Holdings Co. Ltd., Class A		251,000		413,643
	Sealand Securities Co. Ltd., Class A		311,290		187,794
	Seazen Group Ltd.		4,702,000		3,719,649
	Seazen Holdings Co. Ltd., Class A		235,400		1,257,598
	SF Holding Co. Ltd., Class A		197,461		1,991,121
	SG Micro Corp., Class A		6,300		318,935
	Shaanxi Coal Industry Co. Ltd., Class A		1,020,100		1,999,065
	Shan Xi Hua Yang Group New Energy Co. Ltd., Class A		206,800		343,325
	Shandong Buchang Pharmaceuticals Co. Ltd., Class A		141,100		385,871
# W	Shandong Gold Mining Co. Ltd., Class H		845,250		1,528,179
	Shandong Himile Mechanical Science & Technology Co. Ltd., Class A		102,300		399,470
	Shandong Hi-speed Co. Ltd., Class A		111,700		93,623
	Shandong Hualu Hengsheng Chemical Co. Ltd., Class A		209,950		1,021,093
	Shandong Linglong Tyre Co. Ltd., Class A		130,200		719,763
	Shandong Nanshan Aluminum Co. Ltd., Class A		910,010		615,135
	Shandong Sun Paper Industry JSC Ltd., Class A		357,850		641,969
	Shandong Weigao Group Medical Polymer Co. Ltd., Class H		5,260,000		8,959,516
	Shanghai Bailian Group Co. Ltd., Class A		148,800		320,217

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Shanghai Bairun Investment Holding Group Co. Ltd., Class A		39,340	$	390,984
	Shanghai Baosight Software Co. Ltd., Class A		81,393		892,108
	Shanghai Belling Co. Ltd., Class A		50,400		238,291
	Shanghai Construction Group Co. Ltd., Class A		673,776		344,439
	Shanghai Electric Group Co. Ltd., Class H		3,012,000		848,572
	Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H		372,000		1,751,094
*	Shanghai International Airport Co. Ltd., Class A		56,200		464,729
	Shanghai International Port Group Co. Ltd., Class A		334,000		295,112
	Shanghai Jahwa United Co. Ltd., Class A		53,100		397,227
	Shanghai Jinjiang International Hotels Co. Ltd., Class A		69,800		587,368
	Shanghai Lingang Holdings Corp. Ltd., Class A		187,320		429,834
	Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class A		206,820		349,819
	Shanghai M&G Stationery, Inc., Class A		51,069		506,184
	Shanghai Pharmaceuticals Holding Co. Ltd., Class H		1,263,500		2,312,491
	Shanghai Pudong Development Bank Co. Ltd., Class A		882,471		1,232,533
	Shanghai Putailai New Energy Technology Co. Ltd., Class A		23,261		646,709
	Shanghai RAAS Blood Products Co. Ltd., Class A		400,600		412,870
	Shanghai Wanye Enterprises Co. Ltd., Class A		21,500		104,030
	Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A		192,159		295,032
	Shanghai Zhangjiang High-Tech Park Development Co. Ltd., Class A		181,800		473,423
	Shanxi Coking Coal Energy Group Co. Ltd., Class A		558,030		810,200
	Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A		313,130		635,489
*	Shanxi Meijin Energy Co. Ltd., Class A		523,517		924,552
	Shanxi Securities Co. Ltd., Class A		142,560		139,412
	Shanxi Taigang Stainless Steel Co. Ltd., Class A		538,600		649,358
	Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A		63,207		2,977,575
	Shenergy Co. Ltd., Class A		43,000		41,630
	Shenghe Resources Holding Co. Ltd., Class A		140,400		446,377
	Shengyi Technology Co. Ltd., Class A		157,700		548,257
	Shennan Circuits Co. Ltd., Class A		25,382		352,799
W	Shenwan Hongyuan Group Co. Ltd., Class H		2,196,000		554,756
	Shenzhen Capchem Technology Co. Ltd., Class A		14,900		334,080
	Shenzhen Energy Group Co. Ltd., Class A		125,500		159,962
	Shenzhen Gas Corp. Ltd., Class A		150,500		213,333
	Shenzhen Goodix Technology Co. Ltd., Class A		40,300		644,769
	Shenzhen Hepalink Pharmaceutical Group Co. Ltd., Class A		20,400		48,956
	Shenzhen Inovance Technology Co. Ltd., Class A		92,000		937,370
	Shenzhen Kaifa Technology Co. Ltd., Class A		171,200		395,959
	Shenzhen Kangtai Biological Products Co. Ltd., Class A		18,750		335,252
	Shenzhen Kedali Industry Co. Ltd., Class A		15,600		422,852
	Shenzhen Kinwong Electronic Co. Ltd., Class A		62,764		253,486
	Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A		57,873		3,391,218
*	Shenzhen MTC Co. Ltd., Class A		533,300		409,678
	Shenzhen Overseas Chinese Town Co. Ltd., Class A		768,580		752,311
*	Shenzhen Salubris Pharmaceuticals Co. Ltd., Class A		71,100		320,784
	Shenzhen SC New Energy Technology Corp., Class A		25,266		450,150
	Shenzhen Senior Technology Material Co. Ltd., Class A		29,300		245,030
	Shenzhen Sunlord Electronics Co. Ltd., Class A		92,900		479,412
	Shenzhen Sunway Communication Co. Ltd., Class A		134,500		500,335
	Shenzhen YUTO Packaging Technology Co. Ltd., Class A		106,771		546,541
	Shenzhou International Group Holdings Ltd.		534,900		11,523,993
	Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A		162,563		408,348
	Shimao Group Holdings Ltd.		3,062,871		4,804,670
	Sichuan Chuantou Energy Co. Ltd., Class A		149,500		305,767
*	Sichuan Development Lomon Co. Ltd., Class A		114,700		323,920
*	Sichuan Hebang Biotechnology Co. Ltd., Class A		713,400		396,742
	Sichuan Kelun Pharmaceutical Co. Ltd., Class A		129,301		357,639
	Sichuan Road & Bridge Co. Ltd., Class A		573,200		1,076,055
	Sichuan Swellfun Co. Ltd., Class A		23,700		467,627

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Sichuan Yahua Industrial Group Co. Ltd., Class A		73,800	$	376,889
	Sieyuan Electric Co. Ltd., Class A		58,600		379,950
	Sino Biopharmaceutical Ltd.		17,847,500		13,160,467
	Sinolink Securities Co. Ltd., Class A		232,100		388,937
	Sinoma Science & Technology Co. Ltd., Class A		243,094		1,436,275
	Sinopec Shanghai Petrochemical Co. Ltd., Class H		857,000		199,969
	Sinopharm Group Co. Ltd., Class H		2,426,400		5,761,519
	Sinotruk Hong Kong Ltd.		950,500		1,311,952
	Skshu Paint Co. Ltd., Class A		17,148		298,983
	Songcheng Performance Development Co. Ltd., Class A		170,500		373,185
	SooChow Securities Co. Ltd., Class A		455,500		603,255
	Southwest Securities Co. Ltd., Class A		779,936		586,404
*	Spring Airlines Co. Ltd., Class A		48,500		443,278
	Sunac China Holdings Ltd.		5,903,000		12,623,711
* W	Sunac Services Holdings Ltd.		2,102		4,242
	Sungrow Power Supply Co. Ltd., Class A		53,300		1,369,999
*	Suning.com Co. Ltd., Class A		664,724		464,212
	Sunny Optical Technology Group Co. Ltd.		531,000		14,248,556
	Sunwoda Electronic Co. Ltd., Class A		154,000		1,186,231
	Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A		226,300		719,831
	Suzhou Maxwell Technologies Co. Ltd., Class A		4,360		522,397
	Suzhou TA&A Ultra Clean Technology Co. Ltd., Class A		38,200		636,002
	Tangshan Sanyou Chemical Industries Co. Ltd., Class A		257,400		371,386
	TBEA Co. Ltd., Class A		276,500		1,170,542
	TCL Technology Group Corp., Class A		1,029,480		975,944
	Tencent Holdings Ltd.		3,951,600		240,375,009
*	Tencent Music Entertainment Group, ADR		720,944		5,666,620
	Thunder Software Technology Co. Ltd., Class A		13,300		282,931
	Tianjin 712 Communication & Broadcasting Co. Ltd., Class A		56,900		335,555
	Tianjin Guangyu Development Co. Ltd., Class A		63,700		166,645
	Tianjin Zhonghuan Semiconductor Co. Ltd., Class A		70,800		580,712
	Tianma Microelectronics Co. Ltd., Class A		161,455		310,813
	Tianshui Huatian Technology Co. Ltd., Class A		305,000		613,125
	Tibet Summit Resources Co. Ltd., Class A		56,900		271,473
	Tingyi Cayman Islands Holding Corp.		5,156,000		9,623,588
	Titan Wind Energy Suzhou Co. Ltd., Class A		124,100		413,013
	Toly Bread Co. Ltd., Class A		109,820		539,245
	TongFu Microelectronics Co. Ltd., Class A		138,900		434,720
	Tonghua Dongbao Pharmaceutical Co. Ltd., Class A		214,500		408,069
	Tongkun Group Co. Ltd., Class A		147,509		460,265
	Tongling Nonferrous Metals Group Co. Ltd., Class A		1,091,500		632,818
	Tongwei Co. Ltd., Class A		209,300		1,868,800
*	Topchoice Medical Corp., Class A		13,300		494,847
W	Topsports International Holdings Ltd.		979,000		1,189,337
	Transfar Zhilian Co. Ltd., Class A		287,626		368,125
	TravelSky Technology Ltd., Class H		183,000		341,927
*	Trip.com Group Ltd., ADR		442,202		12,629,289
*	Trip.com Group Ltd.		68,300		1,963,372
	Tsingtao Brewery Co. Ltd., Class H		844,000		7,344,330
	Unigroup Guoxin Microelectronics Co. Ltd., Class A		32,400		1,025,694
	Unisplendour Corp. Ltd., Class A		164,160		711,293
	Universal Scientific Industrial Shanghai Co. Ltd., Class A		166,300		360,924
*	Vipshop Holdings Ltd., ADR		720,998		8,046,338
	Walvax Biotechnology Co. Ltd., Class A		55,500		479,439
*	Wanda Film Holding Co. Ltd., Class A		68,700		150,473
	Wanhua Chemical Group Co. Ltd., Class A		203,200		3,357,756
	Want Want China Holdings Ltd.		12,049,000		9,344,545
# *	Weibo Corp., Sponsored ADR		113,478		5,104,240
#	Weichai Power Co. Ltd., Class H		3,618,800		6,477,531

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Weihai Guangwei Composites Co. Ltd., Class A		41,729	$	443,078
	Wens Foodstuffs Group Co. Ltd., Class A		478,280		1,230,555
	Western Securities Co. Ltd., Class A		340,300		407,630
	Western Superconducting Technologies Co. Ltd., Class A		24,378		296,376
	Westone Information Industry, Inc., Class A		39,800		325,410
#	Wharf Holdings Ltd.		800,000		2,781,415
	Will Semiconductor Co. Ltd Shanghai, Class A		40,312		1,674,862
	Wingtech Technology Co. Ltd., Class A		32,700		561,229
	Winning Health Technology Group Co. Ltd., Class A		183,700		362,953
	Wuchan Zhongda Group Co. Ltd., Class A		615,250		603,846
	Wuhan Guide Infrared Co. Ltd., Class A		107,744		365,978
	Wuhan Raycus Fiber Laser Technologies Co. Ltd., Class A		26,550		252,862
	Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd., Class A		420,563		1,565,890
	Wuliangye Yibin Co. Ltd., Class A		206,506		6,978,127
	WUS Printed Circuit Kunshan Co. Ltd., Class A		287,430		460,191
W	WuXi AppTec Co. Ltd., Class H		139,960		2,988,309
* W	Wuxi Biologics Cayman, Inc.		1,151,000		17,434,142
	Wuxi Lead Intelligent Equipment Co. Ltd., Class A		17,680		225,269
	XCMG Construction Machinery Co. Ltd., Class A		363,803		348,124
	Xiamen C & D, Inc., Class A		99,400		124,332
	Xiamen Faratronic Co. Ltd., Class A		21,400		646,569
	Xiamen Intretech, Inc., Class A		78,460		377,919
	Xiamen Tungsten Co. Ltd., Class A		178,680		633,623
	Xi’an Triangle Defense Co. Ltd., Class A		12,600		97,729
	Xianhe Co. Ltd., Class A		46,900		264,789
* W	Xiaomi Corp., Class B		7,645,200		20,898,571
	Xinfengming Group Co. Ltd., Class A		184,043		422,230
	Xinjiang Goldwind Science & Technology Co. Ltd., Class H		1,482,559		3,315,438
	Xinjiang Zhongtai Chemical Co. Ltd., Class A		224,500		370,864
	Xinyangfeng Agricultural Technology Co. Ltd., Class A		97,800		277,930
	Xinyi Solar Holdings Ltd.		5,473,103		11,369,054
	Xinyu Iron & Steel Co. Ltd., Class A		277,900		256,710
	Yango Group Co. Ltd., Class A		144,029		72,408
	Yangzhou Yangjie Electronic Technology Co. Ltd., Class A		42,800		340,684
	Yantai Eddie Precision Machinery Co. Ltd., Class A		63,261		353,530
	Yantai Jereh Oilfield Services Group Co. Ltd., Class A		92,955		612,450
#	Yanzhou Coal Mining Co. Ltd., Class H		4,030,000		5,977,527
	Yealink Network Technology Corp. Ltd., Class A		41,840		494,114
	Yifan Pharmaceutical Co. Ltd., Class A		30,900		79,146
	Yifeng Pharmacy Chain Co. Ltd., Class A		58,834		439,101
#	Yihai International Holding Ltd.		686,000		4,018,321
	Yintai Gold Co. Ltd., Class A		343,617		471,887
	Yonghui Superstores Co. Ltd., Class A		592,400		364,259
	YongXing Special Materials Technology Co. Ltd., Class A		15,300		256,168
	Yonyou Network Technology Co. Ltd., Class A		83,500		414,463
	Youngor Group Co. Ltd., Class A		543,304		545,532
	YTO Express Group Co. Ltd., Class A		267,800		610,612
	Yum China Holdings, Inc.		543,135		31,002,146
	Yunda Holding Co. Ltd., Class A		306,390		893,860
*	Yunnan Aluminium Co. Ltd., Class A		411,100		765,302
	Yunnan Baiyao Group Co. Ltd., Class A		37,500		524,974
	Yunnan Copper Co. Ltd., Class A		223,400		463,791
	Yunnan Energy New Material Co. Ltd., Class A		23,485		1,071,057
*	Yunnan Tin Co. Ltd., Class A		179,800		460,389
	Yutong Bus Co. Ltd., Class A		219,309		388,517
*	Zai Lab Ltd.		15,800		1,639,108
	Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A		25,050		1,610,367
	Zhefu Holding Group Co. Ltd., Class A		607,423		678,649

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
*	Zhejiang Century Huatong Group Co. Ltd., Class A		458,400	$	531,412
	Zhejiang China Commodities City Group Co. Ltd., Class A		644,379		491,616
	Zhejiang Chint Electrics Co. Ltd., Class A		208,084		1,963,375
	Zhejiang Dahua Technology Co. Ltd., Class A		297,413		1,013,142
	Zhejiang Dingli Machinery Co. Ltd., Class A		52,170		556,218
	Zhejiang Hailiang Co. Ltd., Class A		14,200		23,368
	Zhejiang HangKe Technology, Inc. Co., Class A		17,887		289,596
	Zhejiang Huahai Pharmaceutical Co. Ltd., Class A		172,140		494,771
	Zhejiang Huayou Cobalt Co. Ltd., Class A		32,986		572,102
	Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A		54,000		645,615
	Zhejiang Juhua Co. Ltd., Class A		252,100		612,232
	Zhejiang Longsheng Group Co. Ltd., Class A		316,700		615,773
	Zhejiang NHU Co. Ltd., Class A		305,040		1,292,867
	Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A		212,990		789,447
	Zhejiang Satellite Petrochemical Co. Ltd., Class A		155,120		945,191
	Zhejiang Semir Garment Co. Ltd., Class A		205,582		241,403
	Zhejiang Supor Co. Ltd., Class A		66,503		550,466
	Zhejiang Weiming Environment Protection Co. Ltd., Class A		153,893		659,958
	Zhejiang Weixing New Building Materials Co. Ltd., Class A		231,434		650,303
	Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd., Class A		35,300		295,506
	Zhejiang Xinan Chemical Industrial Group Co. Ltd., Class A		82,300		355,943
*	Zhejiang Yongtai Technology Co. Ltd., Class A		33,000		369,938
*	Zheshang Securities Co. Ltd., Class A		270,063		519,706
# * W	ZhongAn Online P&C Insurance Co. Ltd., Class H		374,400		1,361,864
	Zhongji Innolight Co. Ltd., Class A		55,527		287,165
	Zhongjin Gold Corp. Ltd., Class A		428,700		555,702
	Zhongsheng Group Holdings Ltd.		799,500		7,208,569
*	Zhuzhou CRRC Times Electric Co., Class H		751,800		3,592,486
	Zhuzhou Hongda Electronics Corp. Ltd., Class A		33,500		435,206
	Zhuzhou Kibing Group Co. Ltd., Class A		352,001		873,587
	Zibo Qixiang Tengda Chemical Co. Ltd., Class A		348,460		611,938
	Zijin Mining Group Co. Ltd., Class H		6,565,000		9,129,603
	Zoomlion Heavy Industry Science & Technology Co. Ltd., Class H		2,480,800		1,786,877
	ZTE Corp., Class H		1,033,085		3,101,150
	ZTO Express Cayman, Inc., ADR		493,191		14,465,292
TOTAL CHINA					2,011,935,281
COLOMBIA — (0.2%)
	Banco de Bogota SA		48,359		974,696
#	Bancolombia SA, Sponsored ADR		58,709		2,109,414
	Bancolombia SA		119,772		1,071,218
*	Corp. Financiera Colombiana SA		2,492		19,634
#	Ecopetrol SA, Sponsored ADR		3,573		54,131
	Ecopetrol SA		2,348,250		1,775,342
	Grupo Argos SA		383,393		1,201,369
	Grupo Aval Acciones y Valores SA, ADR		30,886		186,243
	Grupo de Inversiones Suramericana SA		276,061		1,609,125
	Grupo Energia Bogota SA ESP		561,229		405,377
	Grupo Nutresa SA		185,132		1,082,061
	Interconexion Electrica SA ESP		304,471		1,828,087
TOTAL COLOMBIA					12,316,697
CZECH REPUBLIC — (0.1%)
	CEZ AS		142,486		4,705,947
*	Komercni banka AS		62,321		2,417,315
* W	Moneta Money Bank AS		322,281		1,262,079
	O2 Czech Republic AS		55,947		642,414
TOTAL CZECH REPUBLIC					9,027,755

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
EGYPT — (0.1%)
*	Commercial International Bank Egypt SAE, GDR		1,254,190	$	3,888,408
*	Commercial International Bank Egypt SAE, GDR		1,027		3,183
TOTAL EGYPT					3,891,591
GREECE — (0.3%)
*	Alpha Services & Holdings SA		1,006,149		1,282,700
*	Eurobank Ergasias Services & Holdings SA, Class A		1,481,913		1,556,479
* ††	FF Group		12,618		13,128
	Hellenic Petroleum SA		40,603		279,943
	Hellenic Telecommunications Organization SA		187,663		3,331,734
	JUMBO SA		63,023		938,055
*	LAMDA Development SA		7,667		63,190
*	Motor Oil Hellas Corinth Refineries SA		52,394		889,337
	Mytilineos SA		82,269		1,503,427
*	National Bank of Greece SA		430,030		1,357,920
	OPAP SA		238,509		3,724,869
*	Public Power Corp. SA		39,033		424,599
	Terna Energy SA		49,394		667,859
	Titan Cement International SA		38,285		667,524
TOTAL GREECE					16,700,764
HONG KONG — (0.1%)
	BYD Electronic International Co. Ltd.		1,550,000		4,601,344
*	China Energy Engineering Corp.		2,502,824		930,840
TOTAL HONG KONG					5,532,184
HUNGARY — (0.3%)
	MOL Hungarian Oil & Gas PLC		999,116		8,537,763
*	OTP Bank Nyrt		174,791		10,502,738
	Richter Gedeon Nyrt		79,025		2,214,619
TOTAL HUNGARY					21,255,120
INDIA — (13.3%)
	Aarti Industries Ltd.		212,255		2,750,428
	ABB India Ltd.		32,057		898,349
	ABB Power Products & Systems India Ltd.		8,507		250,356
	ACC Ltd.		119,736		3,742,930
	Adani Enterprises Ltd.		188,431		3,588,292
*	Adani Green Energy Ltd.		235,259		3,623,759
	Adani Ports & Special Economic Zone Ltd.		613,992		5,711,782
*	Adani Power Ltd.		1,288,677		1,761,069
	Adani Total Gas Ltd.		63,181		1,227,463
*	Adani Transmission Ltd.		320,795		7,653,739
*	Aditya Birla Capital Ltd.		391,081		505,426
	Alkem Laboratories Ltd.		21,509		1,034,326
	Ambuja Cements Ltd.		746,781		4,038,999
	Apollo Hospitals Enterprise Ltd.		94,902		5,442,886
	Ashok Leyland Ltd.		1,507,335		2,882,957
	Asian Paints Ltd.		247,184		10,270,229
	Astral Ltd.		70,410		2,057,829
	Atul Ltd.		764		93,248
* W	AU Small Finance Bank Ltd.		86,691		1,417,651
	Aurobindo Pharma Ltd.		674,208		6,243,905
* W	Avenue Supermarts Ltd.		53,227		3,291,857
*	Axis Bank Ltd.		980,033		9,791,697
	Bajaj Auto Ltd.		59,958		2,979,175
	Bajaj Finance Ltd.		126,843		12,610,743

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
INDIA — (Continued)
	Bajaj Finserv Ltd.		22,909	$	5,481,200
	Bajaj Holdings & Investment Ltd.		61,208		3,937,438
	Balkrishna Industries Ltd.		140,951		4,637,295
W	Bandhan Bank Ltd.		14,923		58,267
*	Bank of Baroda		1,086,591		1,421,170
*	Bank of India		62,779		50,446
	Berger Paints India Ltd.		183,876		1,824,758
	Bharat Electronics Ltd.		2,181,001		6,060,351
	Bharat Forge Ltd.		95,753		993,263
	Bharat Petroleum Corp. Ltd.		443,021		2,486,250
*	Bharti Airtel Ltd.		1,493,167		13,706,323
	Bharti Airtel Ltd.		104,833		397,737
*	Biocon Ltd.		359,735		1,691,310
	Bosch Ltd.		4,333		984,029
	Britannia Industries Ltd.		50,555		2,483,107
	Cadila Healthcare Ltd.		431,712		2,910,625
*	Canara Bank		87,572		251,307
	Cholam&alam Investment & Finance Co. Ltd.		726,540		6,072,175
	Cipla Ltd.		536,096		6,525,175
	Coal India Ltd.		765,174		1,686,504
	Coforge Ltd.		16,515		1,073,702
	Colgate-Palmolive India Ltd.		122,914		2,529,605
	Container Corp. Of India Ltd.		271,569		2,390,059
	Crompton Greaves Consumer Electricals Ltd.		175,228		1,091,824
	Cummins India Ltd.		13,189		158,127
	Dabur India Ltd.		350,280		2,755,545
	Dalmia Bharat Ltd.		38,879		1,047,313
	Deepak Nitrite Ltd.		65,834		1,970,595
	Divi’s Laboratories Ltd.		61,792		4,266,544
	DLF Ltd.		530,091		2,837,497
W	Dr Lal PathLabs Ltd.		27,645		1,306,417
	Dr Reddy’s Laboratories Ltd., ADR		94,524		5,807,555
	Dr Reddy’s Laboratories Ltd.		28,106		1,739,503
	Edelweiss Financial Services Ltd.		37,563		38,885
	Eicher Motors Ltd.		108,989		3,632,235
	GAIL India Ltd.		1,523,396		3,024,122
	GAIL India Ltd., GDR		102,368		1,248,208
* W	General Insurance Corp. of India		93,758		167,051
	GlaxoSmithKline Pharmaceuticals Ltd.		32,553		652,860
*	Godrej Consumer Products Ltd.		349,607		4,491,586
*	Godrej Properties Ltd.		74,762		2,239,881
	Grasim Industries Ltd.		304,740		7,044,610
	Gujarat Gas Ltd.		136,794		1,142,853
	Hatsun Agro Product Ltd.		2,770		49,477
	Havells India Ltd.		170,606		2,894,439
	HCL Technologies Ltd.		993,527		15,229,666
W	HDFC Asset Management Co. Ltd.		43,474		1,540,718
	HDFC Bank Ltd.		2,163,503		45,977,515
W	HDFC Life Insurance Co. Ltd.		170,063		1,551,608
*	Hemisphere Properties India Ltd.		109,030		197,508
	Hero MotoCorp Ltd.		131,435		4,677,834
	Hindalco Industries Ltd.		2,042,830		12,700,499
	Hindustan Aeronautics Ltd.		57,583		1,013,505
	Hindustan Petroleum Corp. Ltd.		689,862		2,872,410
	Hindustan Unilever Ltd.		531,688		16,988,292
	Honeywell Automation India Ltd.		1,196		674,894
	Housing Development Finance Corp. Ltd.		698,168		26,588,873
	ICICI Bank Ltd., Sponsored ADR		649,989		13,747,257
	ICICI Bank Ltd.		1,390,129		15,050,711

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
INDIA — (Continued)
W	ICICI Lombard General Insurance Co. Ltd.		114,723	$	2,285,959
W	ICICI Prudential Life Insurance Co. Ltd.		209,896		1,737,829
*	IDFC First Bank Ltd.		2,392,328		1,590,828
	IIFL Securities Ltd.		120,008		155,649
	IIFL Wealth Management Ltd.		11,850		258,227
	Indian Oil Corp. Ltd.		1,007,045		1,724,716
*	Indian Overseas Bank		1,569,149		449,669
	Indian Railway Catering & Tourism Corp. Ltd.		381,450		4,306,686
	Indraprastha Gas Ltd.		285,841		1,819,121
	Indus Towers Ltd.		864,014		3,146,535
	IndusInd Bank Ltd.		173,449		2,658,110
	Info Edge India Ltd.		30,100		2,459,411
	Infosys Ltd., Sponsored ADR		859,642		19,152,824
	Infosys Ltd.		1,828,393		40,997,003
* W	InterGlobe Aviation Ltd.		37,807		1,095,497
	Ipca Laboratories Ltd.		28,669		824,891
	ITC Ltd.		2,222,643		6,643,726
	JSW Energy Ltd.		276,086		1,267,676
	JSW Steel Ltd.		1,561,049		14,051,540
	Jubilant Foodworks Ltd.		119,239		5,903,950
	Kansai Nerolac Paints Ltd.		142,647		1,040,525
	Kotak Mahindra Bank Ltd.		447,917		12,249,303
W	L&T Technology Services Ltd.		29,195		1,848,291
W	Larsen & Toubro Infotech Ltd.		40,958		3,684,894
	Larsen & Toubro Ltd.		473,046		11,264,955
W	Laurus Labs Ltd.		327,453		2,263,163
	Lupin Ltd.		303,782		3,771,948
	Mahindra & Mahindra Financial Services Ltd.		191,054		461,888
	Mahindra & Mahindra Ltd.		863,758		10,242,502
	Marico Ltd.		579,820		4,401,355
	Maruti Suzuki India Ltd.		50,497		5,038,342
*	Max Financial Services Ltd.		147,491		1,915,920
*	Max Healthcare Institute Ltd.		190,534		844,189
	Mindtree Ltd.		77,849		4,707,578
	Motherson Sumi Systems Ltd.		1,377,526		4,142,856
	Mphasis Ltd.		146,876		6,368,750
	MRF Ltd.		2,282		2,362,394
	Muthoot Finance Ltd.		250,083		4,931,539
	Nestle India Ltd.		20,232		5,131,239
	NMDC Ltd.		937,802		1,797,298
	NTPC Ltd.		1,541,570		2,746,231
*	Oberoi Realty Ltd.		32,049		390,028
	Oil & Natural Gas Corp. Ltd.		877,425		1,757,147
	Oracle Financial Services Software Ltd.		30,804		1,815,873
	Page Industries Ltd.		7,882		3,968,467
	Persistent Systems Ltd.		2,636		138,458
	Petronet LNG Ltd.		1,656,399		5,094,904
	PI Industries Ltd.		68,216		2,736,766
	Pidilite Industries Ltd.		97,732		3,036,557
	Piramal Enterprises Ltd.		115,384		4,026,980
	Power Finance Corp. Ltd.		1,901,564		3,386,574
	Power Grid Corp. of India Ltd.		1,622,745		4,033,710
	Procter & Gamble Hygiene & Health Care Ltd.		11,092		2,142,918
*	Punjab National Bank		1,966,565		1,111,465
	REC Ltd.		1,264,082		2,531,131
	Relaxo Footwears Ltd.		15,185		270,236
	Reliance Industries Ltd.		1,571,323		53,401,933
*	SBI Cards & Payment Services Ltd.		79,899		1,138,537
W	SBI Life Insurance Co. Ltd.		185,532		2,841,693

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
INDIA — (Continued)
	Shree Cement Ltd.		10,117	$	3,868,465
	Shriram Transport Finance Co. Ltd.		262,030		5,092,080
	Siemens Ltd.		33,599		987,888
	SRF Ltd.		187,447		5,322,652
	State Bank of India		933,814		6,305,935
	State Bank of India, GDR		3,115		210,574
	Steel Authority of India Ltd.		1,398,626		2,163,836
	Sun Pharmaceutical Industries Ltd.		714,131		7,603,336
	Sundaram Finance Holdings Ltd.		40,687		42,281
	Sundaram Finance Ltd.		4,563		146,641
	Supreme Industries Ltd.		12,166		383,500
	Tata Communications Ltd.		89,756		1,570,945
	Tata Consultancy Services Ltd.		680,063		30,968,780
	Tata Consumer Products Ltd.		521,576		5,669,789
	Tata Elxsi Ltd.		13,611		1,068,781
# *	Tata Motors Ltd., Sponsored ADR		14,109		445,562
*	Tata Motors Ltd.		2,234,196		14,394,896
	Tata Power Co. Ltd.		1,174,757		3,399,686
	Tata Steel Ltd.		955,424		16,866,667
	Tech Mahindra Ltd.		755,472		14,975,626
	Titan Co. Ltd.		173,905		5,575,500
	Torrent Pharmaceuticals Ltd.		87,529		3,359,139
	Trent Ltd.		65,471		884,003
	TVS Motor Co. Ltd.		90,415		801,931
	UltraTech Cement Ltd.		60,127		6,149,524
	United Breweries Ltd.		56,116		1,240,958
*	United Spirits Ltd.		259,011		3,300,822
	UPL Ltd.		1,301,255		12,992,725
	Varun Beverages Ltd.		145,853		1,656,210
	Vedanta Ltd.		1,410,716		5,739,010
*	Vodafone Idea Ltd.		4,188,092		530,639
	Voltas Ltd.		174,890		2,812,256
	Whirlpool of India Ltd.		27,842		825,434
	Wipro Ltd.		1,429,065		12,389,404
TOTAL INDIA					849,253,467
INDONESIA — (1.7%)
	Ace Hardware Indonesia Tbk PT		3,968,900		395,527
	Adaro Energy Tbk PT		30,778,200		3,645,802
	Aneka Tambang Tbk		13,776,300		2,279,851
	Astra International Tbk PT		12,440,210		5,298,441
	Bank Central Asia Tbk PT		32,282,500		17,070,253
	Bank Danamon Indonesia Tbk PT		760,579		144,578
*	Bank Jago Tbk PT		1,863,100		2,038,901
	Bank Mandiri Persero Tbk PT		9,252,634		4,677,870
	Bank Negara Indonesia Persero Tbk PT		7,451,622		3,684,998
*	Bank Rakyat Indonesia Agroniaga Tbk PT		1,491,300		222,152
	Bank Rakyat Indonesia Persero Tbk PT		41,813,176		12,551,631
*	Bank Syariah Indonesia Tbk PT		1,195,300		178,058
	Barito Pacific Tbk PT		31,820,500		2,105,460
	Bukit Asam Tbk PT		3,608,400		682,934
	Charoen Pokphand Indonesia Tbk PT		7,185,700		3,150,939
*	Elang Mahkota Teknologi Tbk PT		10,192,900		1,385,358
	Gudang Garam Tbk PT		940,300		2,227,562
	Indah Kiat Pulp & Paper Tbk PT		5,160,600		3,087,880
	Indocement Tunggal Prakarsa Tbk PT		1,710,200		1,427,668
	Indofood CBP Sukses Makmur Tbk PT		2,840,800		1,763,682
	Indofood Sukses Makmur Tbk PT		8,618,500		3,868,552
*	Indosat Tbk PT		856,700		418,578

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
INDONESIA — (Continued)
*	Jasa Marga Persero Tbk PT		653,413	$	193,959
	Kalbe Farma Tbk PT		35,886,700		4,052,921
	Mayora Indah Tbk PT		8,655,925		1,434,714
*	Merdeka Copper Gold Tbk PT		10,412,200		2,322,852
	Mitra Keluarga Karyasehat Tbk PT		5,472,900		880,959
*	Perusahaan Gas Negara Tbk PT		9,214,200		982,742
*	Pollux Properti Indonesia Tbk PT		87,700		20,448
	Sarana Menara Nusantara Tbk PT		35,447,000		2,905,378
	Semen Indonesia Persero Tbk PT		4,509,600		2,897,784
	Sinar Mas Agro Resources & Technology Tbk PT		1,035,700		327,656
*	Smartfren Telecom Tbk PT		134,232,400		1,024,974
	Sumber Alfaria Trijaya Tbk PT		9,451,900		798,694
*	Surya Citra Media Tbk PT		15,045,000		446,306
	Telkom Indonesia Persero Tbk PT		29,681,100		7,933,330
	Tower Bersama Infrastructure Tbk PT		8,627,500		1,792,065
*	Transcoal Pacific Tbk PT		915,600		559,033
	Unilever Indonesia Tbk PT		5,436,700		1,697,095
	United Tractors Tbk PT		4,014,796		6,678,654
	Vale Indonesia Tbk PT		4,088,900		1,401,327
	XL Axiata Tbk PT		4,641,300		1,010,657
TOTAL INDONESIA					111,668,223
MALAYSIA — (1.5%)
*	AMMB Holdings Bhd		2,077,159		1,685,642
	Astro Malaysia Holdings Bhd		566,000		136,213
	Axiata Group Bhd		2,271,732		2,170,740
	Batu Kawan Bhd		108,600		584,923
	BIMB Holdings Bhd		1,229,655		950,031
	Bursa Malaysia Bhd		293,700		532,327
#	Carlsberg Brewery Malaysia Bhd, Class B		130,900		701,216
#	CIMB Group Holdings Bhd		2,803,922		3,537,802
	D&O Green Technologies Bhd		385,200		525,695
#	Dialog Group Bhd		2,614,118		1,787,568
#	DiGi.Com Bhd		2,452,420		2,509,795
#	Fraser & Neave Holdings Bhd		194,100		1,270,531
	Frontken Corp. Bhd		116,300		107,312
*	Gamuda Bhd		1,932,246		1,512,836
#	Genting Bhd		1,808,100		2,263,158
	Genting Malaysia Bhd		2,368,700		1,814,921
	Genting Plantations Bhd		266,300		469,586
# *	Greatech Technology Bhd		404,700		703,767
#	HAP Seng Consolidated Bhd		880,200		1,667,598
	Hartalega Holdings Bhd		1,359,400		1,927,030
#	Heineken Malaysia Bhd		128,500		713,881
#	Hong Leong Bank Bhd		259,166		1,178,170
#	Hong Leong Financial Group Bhd		466,283		2,065,949
*	Hong Seng Consolidated Bhd		78,600		63,646
	IHH Healthcare Bhd		491,400		775,746
	IJM Corp. Bhd		1,668,100		746,884
	Inari Amertron Bhd		1,981,700		1,856,427
	IOI Corp. Bhd		1,565,005		1,485,167
#	IOI Properties Group Bhd		1,414,929		438,036
#	Kossan Rubber Industries		1,749,400		999,005
#	Kuala Lumpur Kepong Bhd		341,946		1,786,836
# W	Lotte Chemical Titan Holding Bhd		514,700		338,285
	Malayan Banking Bhd		2,684,106		5,221,048
# *	Malaysia Airports Holdings Bhd		1,131,541		1,769,716
	Malaysian Pacific Industries Bhd		44,700		515,560
#	Maxis Bhd		1,825,200		2,060,128

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
MALAYSIA — (Continued)
	MISC Bhd		629,598	$	1,076,972
	My EG Services Bhd		4,513,834		1,135,554
	Nestle Malaysia Bhd		47,600		1,546,369
	Petronas Chemicals Group Bhd		1,202,900		2,525,797
#	Petronas Dagangan Bhd		237,600		1,168,320
#	Petronas Gas Bhd		484,900		1,961,844
#	PPB Group Bhd		559,580		2,456,363
	Press Metal Aluminium Holdings Bhd		2,056,400		2,764,039
#	Public Bank Bhd		11,613,170		11,699,667
	QL Resources Bhd		1,241,885		1,515,667
	RHB Bank Bhd		2,398,355		3,236,079
	Scientex Bhd		130,100		146,555
	Sime Darby Bhd		5,542,361		3,042,009
#	Sime Darby Plantation Bhd		1,208,921		1,172,200
#	Sunway Bhd		2,075,382		892,862
#	Supermax Corp. Bhd		1,860,400		862,135
	Syarikat Takaful Malaysia Keluarga Bhd		119,474		114,593
	Telekom Malaysia Bhd		713,264		997,028
	Tenaga Nasional Bhd		1,393,250		3,250,239
	TIME dotCom Bhd		692,800		755,919
#	Top Glove Corp. Bhd		3,944,900		2,590,539
#	Unisem M Bhd		333,200		345,225
	United Plantations Bhd		56,000		191,643
#	UWC BHD		430,200		639,957
	ViTrox Corp. Bhd		58,600		278,365
	VS Industry Bhd		1,834,100		700,883
	Westports Holdings Bhd		870,800		940,306
	Yinson Holdings Bhd		404,100		571,337
	YTL Corp. Bhd		8,129,012		1,237,636
TOTAL MALAYSIA					98,689,277
MEXICO — (2.1%)
	Alfa SAB de CV, Class A		8,597,258		6,209,502
#	America Movil SAB de CV		23,862,904		21,245,727
	America Movil SAB de CV, Sponsored ADR, Class L		109,448		1,945,985
#	Arca Continental SAB de CV		368,914		2,245,416
	Becle SAB de CV		199,974		456,517
*	Cemex SAB de CV		11,428,443		7,371,757
	Coca-Cola Femsa SAB de CV, Sponsored ADR		12,435		668,381
	Coca-Cola Femsa SAB de CV		415,925		2,235,789
#	El Puerto de Liverpool SAB de CV, Class C1		114,746		509,635
#	Fomento Economico Mexicano SAB de CV		770,904		6,349,436
#	Gruma SAB de CV, Class B		329,339		3,855,512
	Grupo Aeroportuario del Pacifico SAB de CV, ADR		4,584		578,868
#	Grupo Aeroportuario del Pacifico SAB de CV, Class B		157,571		1,989,919
#	Grupo Aeroportuario del Sureste SAB de CV, ADR		9,582		1,932,210
#	Grupo Aeroportuario del Sureste SAB de CV, Class B		2,990		60,400
#	Grupo Bimbo SAB de CV, Class A		1,902,739		5,656,092
#	Grupo Carso SAB de CV		665,748		2,247,077
	Grupo Elektra SAB de CV		70,113		5,380,734
	Grupo Financiero Banorte SAB de CV, Class O		1,917,811		12,122,786
*	Grupo Financiero Inbursa SAB de CV, Class O		2,288,840		2,292,398
	Grupo Mexico SAB de CV, Class B		2,734,986		11,985,158
	Grupo Televisa SAB, Sponsored ADR		158,178		1,600,761
	Grupo Televisa SAB		3,517,671		7,118,038
*	Industrias Penoles SAB de CV		216,120		2,758,921
#	Kimberly-Clark de Mexico SAB de CV, Class A		2,128,992		3,364,941
* W	Nemak SAB de CV		327,721		75,133
	Orbia Advance Corp. SAB de CV		2,541,929		6,642,500

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
MEXICO — (Continued)
*	Organizacion Soriana SAB de CV, Class B		666,882	$	809,795
	Wal-Mart de Mexico SAB de CV		3,301,153		11,501,443
TOTAL MEXICO					131,210,831
NETHERLANDS — (0.1%)
	Prosus NV		43,710		3,847,242
PERU — (0.1%)
# *	Aenza SAA, Sponsored ADR		42,218		81,903
#	Cementos Pacasmayo SAA, ADR		16,821		103,451
# *	Cia de Minas Buenaventura SAA, ADR		93,179		734,251
	Credicorp Ltd.		42,411		5,499,010
TOTAL PERU					6,418,615
PHILIPPINES — (0.7%)
	Aboitiz Equity Ventures, Inc.		1,335,000		1,282,974
	Aboitiz Power Corp.		1,440,600		919,427
	AC Energy Corp.		4,078,500		994,198
	Alliance Global Group, Inc.		59,300		12,254
	Ayala Corp.		114,302		1,958,658
	Ayala Land, Inc.		4,035,318		2,810,576
	Bank of the Philippine Islands		1,829,382		3,156,282
	BDO Unibank, Inc.		1,553,962		3,824,623
	Emperador, Inc.		2,549,900		926,209
††	Fwbc Holdings, Inc.		2,006,957		0
	Globe Telecom, Inc.		20,360		1,209,320
	GT Capital Holdings, Inc.		49,656		557,167
	International Container Terminal Services, Inc.		774,420		2,764,814
	JG Summit Holdings, Inc.		3,076,929		3,674,433
	Jollibee Foods Corp.		347,880		1,623,543
	LT Group, Inc.		532,100		106,225
	Manila Electric Co.		133,390		759,954
	Metro Pacific Investments Corp.		5,864,700		436,678
	Metropolitan Bank & Trust Co.		2,539,918		2,402,240
	PLDT, Inc., Sponsored ADR		47,546		1,560,460
	PLDT, Inc.		110,225		3,600,678
	Puregold Price Club, Inc.		835,800		700,271
	Robinsons Land Corp.		1,461,782		494,144
	San Miguel Corp.		1,358,310		3,145,518
	San Miguel Food & Beverage, Inc.		85,800		129,275
	Semirara Mining & Power Corp.		267,800		138,069
	SM Investments Corp.		112,003		2,144,810
	SM Prime Holdings, Inc.		6,744,710		4,436,770
	Universal Robina Corp.		701,620		1,923,814
TOTAL PHILIPPINES					47,693,384
POLAND — (0.9%)
*	AmRest Holdings SE		36,550		293,527
	Asseco Poland SA		26,995		664,786
	Bank Handlowy w Warszawie SA		7,067		102,566
*	Bank Millennium SA		167,160		383,726
	Bank Polska Kasa Opieki SA		175,303		5,792,026
#	Budimex SA		4,076		260,588
*	CCC SA		11,093		335,661
#	CD Projekt SA		68,154		2,975,146
	Cyfrowy Polsat SA		272,683		2,438,652
* W	Dino Polska SA		37,887		3,386,161
	Grupa Kety SA		952		149,490

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
POLAND — (Continued)
*	Grupa Lotos SA		134,418	$	2,089,532
*	ING Bank Slaski SA		26,063		1,776,331
	KGHM Polska Miedz SA		111,973		4,305,718
	LPP SA		956		3,439,513
*	mBank SA		22,817		3,229,219
*	Orange Polska SA		840,168		1,638,407
*	PGE Polska Grupa Energetyczna SA		1,218,669		2,998,870
	Polski Koncern Naftowy Orlen SA		321,116		6,925,466
	Polskie Gornictwo Naftowe i Gazownictwo SA		1,110,257		1,674,070
*	Powszechna Kasa Oszczednosci Bank Polski SA		363,814		4,454,495
	Powszechny Zaklad Ubezpieczen SA		292,250		2,923,964
	Santander Bank Polska SA		25,274		2,350,991
TOTAL POLAND					54,588,905
QATAR — (0.6%)
	Commercial Bank PSQC		689,379		1,159,127
	Industries Qatar QSC		490,951		2,139,200
	Masraf Al Rayan QSC		1,681,242		2,204,140
	Mesaieed Petrochemical Holding Co.		3,448,812		2,278,555
	Ooredoo QPSC		1,353,316		2,576,715
	Qatar Electricity & Water Co. QSC		382,308		1,766,889
	Qatar Fuel QSC		273,469		1,381,487
	Qatar Gas Transport Co. Ltd.		3,462,586		3,096,698
	Qatar International Islamic Bank QSC		279,499		751,376
	Qatar Islamic Bank SAQ		1,255,465		6,356,172
	Qatar National Bank QPSC		2,466,222		13,895,759
TOTAL QATAR					37,606,118
RUSSIA — (1.3%)
	Gazprom PJSC, Sponsored ADR		982,159		9,637,793
	Gazprom PJSC, Sponsored ADR		311,153		3,064,857
	Lukoil PJSC, Sponsored ADR		128,002		13,047,352
	Magnitogorsk Iron & Steel Works PJSC, GDR		175,226		2,136,953
*	Mail.Ru Group Ltd., GDR		26,729		546,875
	MMC Norilsk Nickel PJSC, ADR		1,184		36,968
	MMC Norilsk Nickel PJSC, ADR		235,840		7,370,216
	Mobile TeleSystems PJSC, Sponsored ADR		364,233		3,347,301
	Novatek PJSC, GDR		7,446		1,890,315
	Novatek PJSC, GDR		6,457		1,636,849
	Novolipetsk Steel PJSC, GDR		44,257		1,398,662
	Novolipetsk Steel PJSC, GDR		15,807		499,185
	PhosAgro PJSC, GDR		83,207		1,990,680
	PhosAgro PJSC, GDR		7,640		182,749
	Polyus PJSC, GDR		18,709		1,854,062
	Polyus PJSC, GDR		1,468		145,129
	Rosneft Oil Co. PJSC, GDR		8,281		73,784
	Rosneft Oil Co. PJSC, GDR		295,226		2,628,378
	Rostelecom PJSC, Sponsored ADR		9,232		74,687
	Rostelecom PJSC, Sponsored ADR		78,867		620,160
	RusHydro PJSC, ADR		6,421		7,192
	RusHydro PJSC, ADR		843,247		922,585
	Sberbank of Russia PJSC, Sponsored ADR		998,144		20,017,792
	Severstal PAO, GDR		67,765		1,549,718
	Severstal PAO, GDR		110		2,515
	Tatneft PJSC, Sponsored ADR		88,661		4,054,565
	Tatneft PJSC, Sponsored ADR		28,421		1,296,424
	VTB Bank PJSC, GDR		1,358,280		1,974,413
	VTB Bank PJSC, GDR		347,628		506,146

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
RUSSIA — (Continued)
	X5 Retail Group NV, GDR		81,764	$	2,783,247
TOTAL RUSSIA					85,297,552
SAUDI ARABIA — (3.3%)
	Abdullah Al Othaim Markets Co.		53,471		1,648,041
	Advanced Petrochemical Co.		186,498		3,706,095
	Al Rajhi Bank		758,186		28,047,881
	Alinma Bank		1,210,067		8,124,579
	Almarai Co. JSC		298,884		4,214,478
	Arab National Bank		431,625		2,651,899
	Arabian Centres Co. Ltd.		120,619		821,133
*	Bank AlBilad		441,283		4,970,467
	Bank Al-Jazira		491,869		2,521,436
	Banque Saudi Fransi		468,785		5,276,580
	Bupa Arabia for Cooperative Insurance Co.		100,858		3,892,724
	Co. for Cooperative Insurance		54,166		1,243,527
*	Dar Al Arkan Real Estate Development Co.		584,678		1,543,122
	Dr Sulaiman Al Habib Medical Services Group Co.		26,930		1,191,369
	Etihad Etisalat Co.		1,003,769		8,092,609
	Jarir Marketing Co.		80,981		4,379,308
*	Mobile Telecommunications Co. Saudi Arabia		1,069,332		3,870,588
	Mouwasat Medical Services Co.		66,392		3,191,601
*	National Industrialization Co.		358,846		2,388,500
	National Petrochemical Co.		148,306		1,905,914
*	Rabigh Refining & Petrochemical Co.		422,875		3,224,649
	Riyad Bank		1,036,339		8,158,873
	SABIC Agri-Nutrients Co.		114,012		5,002,595
	Sahara International Petrochemical Co.		600,499		7,051,720
*	Saudi Arabian Mining Co.		322,695		7,035,540
	Saudi Basic Industries Corp.		442,004		15,234,307
	Saudi British Bank		712,216		6,294,044
	Saudi Electricity Co.		366,509		2,788,223
	Saudi Industrial Investment Group		274,890		2,778,445
	Saudi Investment Bank		293,405		1,410,740
*	Saudi Kayan Petrochemical Co.		1,644,693		8,953,208
	Saudi National Bank		1,236,879		21,713,030
*	Saudi Research & Media Group		46,206		2,082,400
	Saudi Telecom Co.		439,273		13,722,294
	Savola Group		375,769		3,665,621
	Southern Province Cement Co.		92,925		1,772,749
	Yanbu National Petrochemical Co.		227,248		4,617,438
TOTAL SAUDI ARABIA					209,187,727
SOUTH AFRICA — (3.6%)
	Absa Group Ltd.		941,565		8,613,073
	African Rainbow Minerals Ltd.		18,080		241,405
	Anglo American Platinum Ltd.		37,617		3,811,350
#	AngloGold Ashanti Ltd., Sponsored ADR		536,140		9,907,867
	Aspen Pharmacare Holdings Ltd.		610,714		9,702,211
	Bid Corp. Ltd.		300,018		6,430,334
	Bidvest Group Ltd.		429,155		5,373,532
	Capitec Bank Holdings Ltd.		41,839		4,674,130
	Clicks Group Ltd.		352,497		6,446,445
# *	Discovery Ltd.		653,990		5,999,880
	Exxaro Resources Ltd.		392,563		4,306,735
#	FirstRand Ltd.		3,416,550		12,978,357
	Gold Fields Ltd., Sponsored ADR		1,264,014		11,730,050
	Impala Platinum Holdings Ltd.		959,394		12,416,813

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
SOUTH AFRICA — (Continued)
	Investec Ltd.		235,992	$	1,086,526
	Kumba Iron Ore Ltd.		49,876		1,517,736
	Mr. Price Group Ltd.		315,765		4,120,911
*	MTN Group Ltd.		2,885,932		25,878,521
	MultiChoice Group		516,432		4,106,804
	Naspers Ltd., Class N		44,930		7,609,065
	Nedbank Group Ltd.		647,933		7,383,222
	NEPI Rockcastle PLC		331,326		2,214,943
	Ninety One Ltd.		290,365		1,002,675
*	Northam Platinum Holdings Ltd.		303,245		4,541,230
#	Old Mutual Ltd.		7,858,201		8,027,190
* W	Pepkor Holdings Ltd.		409,962		646,405
	PSG Group Ltd.		111,432		558,301
	Sanlam Ltd.		2,173,213		8,926,513
# *	Sasol Ltd., Sponsored ADR		698,917		11,713,849
	Shoprite Holdings Ltd.		609,827		7,238,243
	Sibanye Stillwater Ltd.		2,317,163		8,109,491
#	Sibanye Stillwater Ltd., ADR		214,816		3,050,387
	Standard Bank Group Ltd.		915,895		8,116,132
	Vodacom Group Ltd.		403,001		3,568,468
	Woolworths Holdings Ltd.		1,403,503		4,940,370
TOTAL SOUTH AFRICA					226,989,164
SOUTH KOREA — (13.1%)
*	Alteogen, Inc.		15,144		907,043
#	Amorepacific Corp.		26,314		4,094,760
	AMOREPACIFIC Group		32,258		1,372,984
	BGF retail Co. Ltd.		12,759		1,772,478
	BNK Financial Group, Inc.		310,932		2,344,124
*	Celltrion Healthcare Co. Ltd.		29,533		2,053,533
*	Celltrion Pharm, Inc.		11,063		1,077,579
*	Celltrion, Inc.		48,381		8,329,261
	Cheil Worldwide, Inc.		121,186		2,476,287
	Chunbo Co. Ltd.		2,514		611,278
	CJ CheilJedang Corp.		13,582		4,414,200
	CJ Corp.		30,178		2,481,097
	CJ ENM Co. Ltd.		18,787		2,841,564
*	CJ Logistics Corp.		11,638		1,415,075
	Com2uSCorp.		2,949		324,885
	Coway Co. Ltd.		68,014		4,611,687
#	CS Wind Corp.		16,801		1,003,013
*	Daewoo Engineering & Construction Co. Ltd.		255,894		1,370,035
# *	Daewoo Shipbuilding & Marine Engineering Co. Ltd.		71,856		1,595,992
	DB HiTek Co. Ltd.		40,443		1,999,025
#	DB Insurance Co. Ltd.		133,456		6,782,200
# *	DL E&C Co. Ltd.		28,811		3,335,623
	DL Holdings Co. Ltd.		22,980		1,295,638
	Dongkuk Steel Mill Co. Ltd.		11,358		165,776
#	Dongsuh Cos., Inc.		25,849		763,248
*	Doosan Bobcat, Inc.		51,746		1,691,198
# *	Doosan Fuel Cell Co. Ltd.		28,267		1,268,938
# *	Doosan Heavy Industries & Construction Co. Ltd.		636,878		13,322,794
# *	Doosan Infracore Co. Ltd.		105,282		947,647
	Douzone Bizon Co. Ltd.		17,241		1,203,524
	Ecopro BM Co. Ltd.		6,887		2,421,401
	E-MART, Inc.		19,906		2,865,509
#	Fila Holdings Corp.		79,281		2,525,963
*	Genexine, Inc.		9,991		561,766
	Green Cross Corp.		4,475		1,052,829

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
	GS Engineering & Construction Corp.		105,570	$	3,746,035
	GS Holdings Corp.		86,049		3,116,221
	GS Retail Co. Ltd.		80,334		2,217,924
	Hana Financial Group, Inc.		387,644		14,947,486
# *	Hanjin Kal Corp.		6,881		322,924
	Hankook Tire & Technology Co. Ltd.		129,614		4,592,398
	Hanmi Pharm Co. Ltd.		3,504		792,063
	Hanmi Science Co. Ltd.		7,465		362,817
	Hanon Systems		199,212		2,467,856
	Hansol Chemical Co. Ltd.		9,131		2,576,846
	Hanssem Co. Ltd.		8,117		706,759
#	Hanwha Aerospace Co. Ltd.		50,714		1,958,804
	Hanwha Corp.		56,544		1,627,725
	Hanwha Life Insurance Co. Ltd.		233,484		695,721
*	Hanwha Solutions Corp.		178,744		6,270,839
#	Hite Jinro Co. Ltd.		42,586		1,270,873
*	HLB, Inc.		63,504		2,287,027
# *	HMM Co. Ltd.		250,482		5,731,091
#	Hotel Shilla Co. Ltd.		16,475		1,234,093
*	Hugel, Inc.		3,673		570,719
*	Hyosung Advanced Materials Corp.		2,410		1,472,012
	Hyosung Corp.		9,034		799,829
	Hyosung TNC Corp.		2,746		1,411,764
	Hyundai Autoever Corp.		3,482		348,885
	Hyundai Department Store Co. Ltd.		6,109		433,764
	Hyundai Elevator Co. Ltd.		26,047		1,081,623
	Hyundai Engineering & Construction Co. Ltd.		84,807		3,666,219
	Hyundai Glovis Co. Ltd.		28,655		4,126,611
	Hyundai Heavy Industries Holdings Co. Ltd.		49,523		2,684,871
	Hyundai Marine & Fire Insurance Co. Ltd.		184,518		4,149,751
# *	Hyundai Mipo Dockyard Co. Ltd.		26,074		1,695,718
	Hyundai Mobis Co. Ltd.		59,731		12,911,991
	Hyundai Motor Co.		59,619		10,663,182
# *	Hyundai Rotem Co. Ltd.		47,080		911,707
	Hyundai Steel Co.		94,371		3,607,118
#	Hyundai Wia Corp.		16,610		1,199,505
	Iljin Materials Co. Ltd.		12,480		1,078,537
	Industrial Bank of Korea		343,994		3,255,775
	Kakao Corp.		87,084		9,368,879
*	Kangwon Land, Inc.		89,879		2,138,628
	KB Financial Group, Inc.		376,407		18,219,547
#	KB Financial Group, Inc., ADR		31,200		1,499,784
	KCC Corp.		4,724		1,350,606
	KCC Glass Corp.		1,840		94,981
	KEPCO Engineering & Construction Co., Inc.		332		20,158
	Kia Corp.		159,738		11,656,454
	KIWOOM Securities Co. Ltd.		35,015		3,156,657
# *	KMW Co. Ltd.		22,899		809,166
	Kolon Industries, Inc.		14,644		1,120,492
	Korea Aerospace Industries Ltd.		62,454		1,640,947
	Korea Electric Power Corp., Sponsored ADR		76,175		730,518
	Korea Electric Power Corp.		92,178		1,785,956
*	Korea Gas Corp.		24,489		930,326
	Korea Investment Holdings Co. Ltd.		76,917		5,752,725
*	Korea Shipbuilding & Offshore Engineering Co. Ltd.		43,101		3,810,763
	Korea Zinc Co. Ltd.		7,205		3,317,324
*	Korean Air Lines Co. Ltd.		210,255		5,481,863
	KT Corp., Sponsored ADR		82,100		1,051,701
#	KT&G Corp.		128,137		8,900,235

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
#	Kumho Petrochemical Co. Ltd.		35,567	$	5,233,230
#	LEENO Industrial, Inc.		10,832		1,587,588
	LG Chem Ltd.		28,624		20,539,289
	LG Corp.		73,098		5,714,618
# *	LG Display Co. Ltd., ADR		376,225		3,141,479
# *	LG Display Co. Ltd.		340,337		5,751,823
	LG Electronics, Inc.		199,804		20,670,498
	LG Household & Health Care Ltd.		7,212		7,218,390
#	LG Innotek Co. Ltd.		26,581		4,778,110
	LG Uplus Corp.		528,937		6,509,710
	Lotte Chemical Corp.		23,864		4,590,037
	Lotte Corp.		29,812		835,030
	LOTTE Fine Chemical Co. Ltd.		11,719		855,579
#	Lotte Shopping Co. Ltd.		12,790		1,151,146
	LS Corp.		19,269		1,033,101
	LS Electric Co. Ltd.		22,156		1,121,332
# *	LX Holdings Corp.		32,322		245,028
	Macquarie Korea Infrastructure Fund		340,681		3,992,954
*	Mando Corp.		53,050		2,847,522
	Meritz Financial Group, Inc.		63,499		1,816,278
	Meritz Fire & Marine Insurance Co. Ltd.		130,937		3,112,337
	Meritz Securities Co. Ltd.		519,143		2,074,433
#	Mirae Asset Securities Co. Ltd.		456,777		3,407,802
	NAVER Corp.		40,916		14,225,781
	NCSoft Corp.		7,007		3,764,915
W	Netmarble Corp.		8,792		931,016
	NH Investment & Securities Co. Ltd.		146,022		1,649,281
#	NongShim Co. Ltd.		2,415		585,573
*	OCI Co. Ltd.		20,185		2,236,365
	Orion Corp.		25,400		2,568,837
#	Osstem Implant Co. Ltd.		7,119		754,624
	Ottogi Corp.		1,318		542,919
	Pan Ocean Co. Ltd.		365,699		1,892,270
# *	Pearl Abyss Corp.		21,559		1,919,605
	POSCO, Sponsored ADR		11,993		758,677
	POSCO		75,709		19,202,198
	POSCO Chemical Co. Ltd.		8,517		1,062,623
	Posco International Corp.		84,360		1,571,815
	S-1 Corp.		27,240		1,942,106
* W	Samsung Biologics Co. Ltd.		4,753		3,540,928
	Samsung C&T Corp.		72,887		7,136,634
	Samsung Card Co. Ltd.		26,138		767,459
	Samsung Electro-Mechanics Co. Ltd.		63,984		8,713,773
	Samsung Electronics Co. Ltd., GDR		105		157,220
	Samsung Electronics Co. Ltd.		3,831,702		229,415,933
*	Samsung Engineering Co. Ltd.		194,709		4,141,266
	Samsung Fire & Marine Insurance Co. Ltd.		43,350		8,592,947
# *	Samsung Heavy Industries Co. Ltd.		684,240		3,739,240
	Samsung Life Insurance Co. Ltd.		59,066		3,416,744
	Samsung SDI Co. Ltd.		19,354		12,210,977
	Samsung SDS Co. Ltd.		22,002		2,892,013
	Samsung Securities Co. Ltd.		67,148		2,729,801
#	Seegene, Inc.		39,238		1,795,228
#	Shin Poong Pharmaceutical Co. Ltd.		17,525		780,422
	Shinhan Financial Group Co. Ltd.		380,795		12,431,797
	Shinhan Financial Group Co. Ltd., ADR		53,025		1,713,768
#	Shinsegae, Inc.		8,050		1,712,331
*	SK Biopharmaceuticals Co. Ltd.		11,581		937,684
#	SK Chemicals Co. Ltd.		10,614		1,639,936

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
	SK Hynix, Inc.		475,556	$	41,920,530
*	SK Innovation Co. Ltd.		40,708		8,489,653
	SK Materials Co. Ltd.		6,982		2,285,651
	SK Networks Co. Ltd.		263,376		1,147,289
*	SK Telecom Co. Ltd.		4,807		1,254,752
	SK, Inc.		34,110		7,118,355
	SKC Co. Ltd.		17,612		2,707,704
#	S-Oil Corp.		46,505		4,069,079
	Solus Advanced Materials Co. Ltd.		8,394		593,083
	Soulbrain Co. Ltd.		4,534		1,017,811
#	Ssangyong C&E Co. Ltd.		135,922		916,134
*	Studio Dragon Corp.		9,633		711,939
	Tokai Carbon Korea Co. Ltd.		3,309		353,904
#	WONIK IPS Co. Ltd.		30,074		1,043,769
	Woori Financial Group, Inc.		693,377		7,882,414
	Youngone Corp.		6,063		232,062
#	Yuhan Corp.		42,937		2,202,760
TOTAL SOUTH KOREA					839,381,656
TAIWAN — (16.5%)
	Accton Technology Corp.		589,000		5,149,532
#	Acer, Inc.		4,172,811		3,905,673
	Advantech Co. Ltd.		175,190		2,291,137
	Airtac International Group		159,602		4,775,605
	Alchip Technologies Ltd.		64,000		2,377,292
#	AP Memory Technology Corp.		20,000		389,066
#	ASE Technology Holding Co. Ltd., ADR		27,294		194,335
#	ASE Technology Holding Co. Ltd.		3,314,782		11,857,029
	Asia Cement Corp.		2,725,758		4,341,503
#	ASMedia Technology, Inc.		24,000		1,406,728
	ASPEED Technology, Inc.		19,000		1,905,969
#	Asustek Computer, Inc.		762,180		9,690,214
#	AU Optronics Corp.		11,326,873		7,784,089
	Catcher Technology Co. Ltd.		1,001,429		5,806,694
	Cathay Financial Holding Co. Ltd.		5,378,340		11,211,107
	Chailease Holding Co. Ltd.		1,501,301		14,378,785
	Chang Hwa Commercial Bank Ltd.		7,063,403		4,171,070
	Cheng Shin Rubber Industry Co. Ltd.		2,772,965		3,403,370
	Chicony Electronics Co. Ltd.		891,497		2,549,258
*	China Airlines Ltd.		7,905,536		4,895,333
	China Development Financial Holding Corp.		12,494,121		6,386,101
	China Life Insurance Co. Ltd.		1,611,155		1,684,097
	China Steel Corp.		11,940,932		14,396,659
#	Chipbond Technology Corp.		1,103,000		2,560,269
	Chroma ATE, Inc.		549,000		3,585,174
	Chung Hung Steel Corp.		1,029,000		1,298,339
	Chunghwa Telecom Co. Ltd., Sponsored ADR		140,916		5,566,182
	Chunghwa Telecom Co. Ltd.		730,000		2,896,824
	Compal Electronics, Inc.		6,358,541		5,595,893
	CTBC Financial Holding Co. Ltd.		16,703,175		13,948,137
	Delta Electronics, Inc.		1,661,486		14,666,559
#	E Ink Holdings, Inc.		691,000		2,290,815
	E.Sun Financial Holding Co. Ltd.		12,815,101		12,245,113
	Eclat Textile Co. Ltd.		170,402		3,723,822
#	Elan Microelectronics Corp.		333,000		2,004,784
#	Elite Material Co. Ltd.		288,000		2,494,194
#	Elite Semiconductor Microelectronics Technology, Inc.		137,000		704,446
#	eMemory Technology, Inc.		60,000		4,983,930
	Eternal Materials Co. Ltd.		808,591		1,071,995

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
*	Eva Airways Corp.		4,321,758	$	2,933,219
	Evergreen Marine Corp. Taiwan Ltd.		4,324,222		15,561,495
	Far Eastern International Bank		432,098		162,515
	Far Eastern New Century Corp.		3,222,085		3,374,637
	Far EasTone Telecommunications Co. Ltd.		2,056,000		4,524,082
	Farglory Land Development Co. Ltd.		18,000		43,501
	Feng TAY Enterprise Co. Ltd.		488,559		3,801,517
	First Financial Holding Co. Ltd.		9,610,084		7,912,131
#	FocalTech Systems Co. Ltd.		136,000		783,928
	Formosa Chemicals & Fibre Corp.		3,441,518		9,986,201
	Formosa Petrochemical Corp.		585,000		2,106,177
	Formosa Plastics Corp.		3,022,153		11,706,188
#	Formosa Sumco Technology Corp.		115,000		653,770
	Formosa Taffeta Co. Ltd.		699,000		754,638
	Foxconn Technology Co. Ltd.		1,025,627		2,546,540
	Fubon Financial Holding Co. Ltd.		5,663,554		14,971,167
	General Interface Solution Holding Ltd.		39,000		136,490
#	Genius Electronic Optical Co. Ltd.		130,695		2,014,854
	Giant Manufacturing Co. Ltd.		435,506		5,058,083
	Gigabyte Technology Co. Ltd.		662,000		2,688,192
#	Global Unichip Corp.		85,000		1,834,415
	Globalwafers Co. Ltd.		156,000		4,280,328
#	HannStar Display Corp.		2,974,000		1,512,149
	Highwealth Construction Corp.		909,841		1,469,144
	Hiwin Technologies Corp.		407,853		4,541,743
	Hon Hai Precision Industry Co. Ltd.		5,794,322		22,368,040
	Hotai Motor Co. Ltd.		288,000		6,341,793
	Hua Nan Financial Holdings Co. Ltd.		8,374,401		6,132,040
#	Innolux Corp.		13,086,241		7,871,778
	International Games System Co. Ltd.		83,000		2,138,110
	Inventec Corp.		2,894,550		2,768,369
#	ITEQ Corp.		225,455		1,043,567
#	King Yuan Electronics Co. Ltd.		2,100,000		3,013,268
	King’s Town Bank Co. Ltd.		329,000		491,256
	Kinsus Interconnect Technology Corp.		298,000		2,622,574
#	Largan Precision Co. Ltd.		101,860		7,590,524
	Lien Hwa Industrial Holdings Corp.		839,106		1,684,931
	Lite-On Technology Corp.		3,476,410		7,671,673
	Lotes Co. Ltd.		76,139		1,586,369
#	Macronix International Co. Ltd.		2,909,074		4,115,976
#	Makalot Industrial Co. Ltd.		272,000		2,373,837
	MediaTek, Inc.		776,995		25,572,990
	Mega Financial Holding Co. Ltd.		10,406,369		12,505,743
	Merida Industry Co. Ltd.		207,287		2,159,158
	Micro-Star International Co. Ltd.		1,072,000		5,409,880
	momo.com, Inc.		32,500		2,094,308
	Nan Ya Plastics Corp.		3,697,599		11,347,415
	Nan Ya Printed Circuit Board Corp.		91,000		1,610,176
#	Nantex Industry Co. Ltd.		519,000		1,525,922
	Nanya Technology Corp.		1,424,010		3,414,382
	Nien Made Enterprise Co. Ltd.		327,000		4,493,971
#	Novatek Microelectronics Corp.		810,000		12,149,141
#	Nuvoton Technology Corp.		127,000		585,978
# *	Oneness Biotech Co. Ltd.		229,000		2,161,516
#	Parade Technologies Ltd.		70,000		4,509,366
	Pegatron Corp.		3,100,345		7,589,766
	Phison Electronics Corp.		142,000		2,002,242
	Pou Chen Corp.		2,710,487		3,324,190
#	Powertech Technology, Inc.		1,385,819		4,862,556

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
	Poya International Co. Ltd.		56,933	$	1,019,718
#	President Chain Store Corp.		465,831		4,708,171
	Qisda Corp.		2,157,000		2,409,802
#	Quanta Computer, Inc.		2,987,000		8,391,978
#	Radiant Opto-Electronics Corp.		717,000		2,512,155
#	Realtek Semiconductor Corp.		227,950		4,100,281
	Ruentex Development Co. Ltd.		1,330,483		3,395,582
#	Ruentex Industries Ltd.		509,741		1,989,152
	Shanghai Commercial & Savings Bank Ltd.		2,645,000		4,188,789
	Shin Kong Financial Holding Co. Ltd.		13,710,712		4,832,155
#	Silergy Corp.		32,000		5,286,564
	Simplo Technology Co. Ltd.		272,000		2,930,349
#	Sinbon Electronics Co. Ltd.		190,000		1,572,080
	Sino Horizon Holdings Ltd.		15,000		15,389
	Sino-American Silicon Products, Inc.		841,000		5,760,564
	SinoPac Financial Holdings Co. Ltd.		12,492,623		6,362,331
	Standard Foods Corp.		713,418		1,329,886
	Synnex Technology International Corp.		1,463,343		2,835,295
#	TA Chen Stainless Pipe		1,981,013		3,134,661
	Taichung Commercial Bank Co. Ltd.		1,642,633		706,204
	Taishin Financial Holding Co. Ltd.		16,506,036		10,836,135
	Taiwan Business Bank		8,109,336		2,758,764
	Taiwan Cement Corp.		6,372,034		11,056,924
	Taiwan Cooperative Financial Holding Co. Ltd.		9,048,549		7,357,112
#	Taiwan FamilyMart Co. Ltd.		48,000		446,814
	Taiwan Fertilizer Co. Ltd.		650,000		1,589,547
	Taiwan Glass Industry Corp.		1,215,374		1,197,915
	Taiwan High Speed Rail Corp.		1,713,000		1,790,060
	Taiwan Mobile Co. Ltd.		2,268,300		8,000,694
	Taiwan Secom Co. Ltd.		357,670		1,293,474
	Taiwan Semiconductor Manufacturing Co. Ltd.		15,380,808		326,385,203
# *	Tatung Co. Ltd.		2,215,000		2,742,924
	Teco Electric & Machinery Co. Ltd.		2,143,000		2,327,850
	Tripod Technology Corp.		680,870		2,883,817
	Tung Ho Steel Enterprise Corp.		312,000		453,515
	U-Ming Marine Transport Corp.		289,000		548,080
	Unimicron Technology Corp.		1,488,000		10,200,002
	Uni-President Enterprises Corp.		5,022,033		12,047,465
	United Microelectronics Corp.		8,584,000		17,820,160
#	Vanguard International Semiconductor Corp.		640,000		3,334,894
	Voltronic Power Technology Corp.		94,224		5,518,216
	Walsin Lihwa Corp.		2,671,000		2,495,119
#	Walsin Technology Corp.		507,000		2,760,115
	Wan Hai Lines Ltd.		618,780		3,569,798
#	Win Semiconductors Corp.		505,034		6,518,136
	Winbond Electronics Corp.		4,548,407		4,312,540
††	Wintek Corp.		604,760		7,461
#	Wisdom Marine Lines Co. Ltd.		390,000		917,975
	Wistron Corp.		5,133,699		5,395,261
#	Wiwynn Corp.		129,000		4,132,578
	WPG Holdings Ltd.		2,167,039		4,048,289
#	Yageo Corp.		359,682		5,629,641
*	Yang Ming Marine Transport Corp.		1,771,000		6,182,248
#	YFY, Inc.		1,334,000		1,537,886
*	Yieh Phui Enterprise Co. Ltd.		808,000		721,898
	Yuanta Financial Holding Co. Ltd.		9,909,398		8,808,294
	Yulon Finance Corp.		287,700		1,745,528
	Yulon Motor Co. Ltd.		19,000		28,173

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
	Zhen Ding Technology Holding Ltd.		971,700	$	3,365,015
TOTAL TAIWAN					1,057,323,657
THAILAND — (1.8%)
	Advanced Info Service PCL		899,700		5,124,487
	AEON Thana Sinsap Thailand PCL		143,100		806,440
	Airports of Thailand PCL		1,898,400		3,690,102
*	Asset World Corp. PCL		5,732,900		787,826
	B Grimm Power PCL		505,900		647,954
	Bangkok Bank PCL		448,700		1,656,468
	Bangkok Bank PCL		126,700		467,739
	Bangkok Chain Hospital PCL		1,937,800		1,185,484
	Bangkok Commercial Asset Management PCL		1,737,200		994,705
	Bangkok Dusit Medical Services PCL, Class F		4,428,600		3,149,701
	Bangkok Expressway & Metro PCL		3,334,899		904,516
	Bangkok Life Assurance PCL		611,400		548,155
	Banpu PCL		5,801,666		1,993,189
	Banpu Power PCL		669,100		352,874
	Berli Jucker PCL		886,300		901,458
	BTS Group Holdings PCL		4,536,300		1,305,558
	Bumrungrad Hospital PCL		171,300		751,123
	Carabao Group PCL, Class F		188,800		705,528
	Central Pattana PCL		1,066,000		1,903,428
*	Central Plaza Hotel PCL		73,500		79,741
	Central Retail Corp. PCL		1,431,850		1,499,489
	Charoen Pokphand Foods PCL		4,548,000		3,460,770
	Chularat Hospital PCL, Class F		4,224,400		483,771
	CK Power PCL		1,368,200		208,225
	Com7 PCL, Class F		718,500		1,553,601
	CP ALL PCL		4,364,500		8,417,931
	Delta Electronics Thailand PCL		152,400		1,910,597
	Dohome PCL		644,500		464,207
	Electricity Generating PCL		231,200		1,243,704
	Energy Absolute PCL		1,013,200		1,999,988
	Global Power Synergy PCL, Class F		398,000		935,553
	Gulf Energy Development PCL		1,001,900		1,305,874
	Gunkul Engineering PCL		2,821,200		459,112
	Hana Microelectronics PCL		572,196		1,379,513
	Home Product Center PCL		4,384,313		1,929,058
	Indorama Ventures PCL		1,408,800		1,783,157
	IRPC PCL		22,011,000		2,852,326
	JMT Network Services PCL, Class F		516,300		758,521
	Kasikornbank PCL		121,700		517,131
	Kasikornbank PCL		5,500		23,371
	KCE Electronics PCL		892,900		2,341,062
	Kiatnakin Phatra Bank PCL		268,500		485,497
	Krung Thai Bank PCL		4,057,887		1,406,335
	Krungthai Card PCL		647,900		1,127,589
	Land & Houses PCL		6,942,300		1,767,873
*	Minor International PCL		1,332,683		1,315,313
	MK Restaurants Group PCL		368,100		607,352
	Muangthai Capital PCL		601,100		1,095,956
	Osotspa PCL		833,600		822,735
	PTT Exploration & Production PCL		1,427,755		5,055,713
	PTT Global Chemical PCL		1,207,972		2,284,344
	PTT PCL		6,782,700		7,869,629
	Ratch Group PCL		676,900		928,168
	Regional Container Lines PCL		696,300		918,048
	Siam Cement PCL		370,900		4,415,143

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
THAILAND — (Continued)
	Siam Cement PCL		81,400	$	968,975
	Siam City Cement PCL		62,589		319,712
	Siam Commercial Bank PCL		355,366		1,349,389
	Siam Global House PCL		1,227,939		754,915
	Sri Trang Agro-Industry PCL		1,768,708		1,732,329
	Srisawad Corp. PCL		1,019,572		1,966,477
*	Star Petroleum Refining PCL		289,300		91,544
	Thai Oil PCL		1,530,300		2,571,061
	Thai Union Group PCL, Class F		5,480,440		3,451,856
	Tisco Financial Group PCL		341,200		948,563
	TMBThanachart Bank PCL		25,172,967		880,001
	TOA Paint Thailand PCL		955,400		950,145
	Total Access Communication PCL		1,153,100		1,329,197
	Total Access Communication PCL		152,800		176,135
	True Corp. PCL		23,024,931		2,817,184
	TTW PCL		1,054,700		371,882
	VGI PCL		2,166,900		434,262
	Vinythai PCL		322,000		368,749
	WHA Corp. PCL		8,082,200		823,260
TOTAL THAILAND					115,888,768
TURKEY — (0.4%)
#	Akbank TAS		2,019,928		1,222,709
	Aksa Akrilik Kimya Sanayii AS		26,354		64,730
# *	Aksa Enerji Uretim AS, Class B		381,816		301,646
	Anadolu Efes Biracilik Ve Malt Sanayii AS		250,784		577,116
#	Arcelik AS		234,471		822,609
	Aselsan Elektronik Sanayi Ve Ticaret AS		276,008		471,177
	BIM Birlesik Magazalar AS		365,995		2,367,810
	Borusan Yatirim ve Pazarlama AS		2,256		81,761
	Brisa Bridgestone Sabanci Sanayi ve Ticaret AS		10,590		25,806
	Coca-Cola Icecek AS		89,465		790,323
	Dogan Sirketler Grubu Holding AS		822,958		229,526
	Dogus Otomotiv Servis ve Ticaret AS		9,274		34,754
W	Enerjisa Enerji AS		174,862		214,573
	Enka Insaat ve Sanayi AS		724,135		836,151
	Eregli Demir ve Celik Fabrikalari TAS		968,005		2,021,193
	Ford Otomotiv Sanayi AS		57,714		1,111,279
*	Gubre Fabrikalari TAS		34,802		250,724
*	Hektas Ticaret TAS		36,023		33,245
	Jantsa Jant Sanayi Ve Ticaret AS		29,225		190,302
*	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class A		194,015		130,949
*	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class B		80,955		54,150
*	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D		924,114		721,527
	KOC Holding AS		394,102		960,881
# *	Koza Altin Isletmeleri AS		22,016		244,725
# *	Koza Anadolu Metal Madencilik Isletmeleri AS		251,025		437,917
*	Migros Ticaret AS		18,633		68,384
	Nuh Cimento Sanayi AS		15,123		68,521
	Otokar Otomotiv Ve Savunma Sanayi AS		12,650		446,305
# *	Oyak Cimento Fabrikalari AS		234,000		168,277
*	Pegasus Hava Tasimaciligi AS		35,848		298,109
*	Petkim Petrokimya Holding AS		1,165,006		792,046
*	Sasa Polyester Sanayi AS		131,993		425,707
	Sok Marketler Ticaret AS		30,110		34,881
*	TAV Havalimanlari Holding AS		252,220		695,814
	Tofas Turk Otomobil Fabrikasi AS		74,286		454,169
*	Turk Hava Yollari AO		888,532		1,354,167
	Turk Telekomunikasyon AS		467,239		366,392

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
TURKEY — (Continued)
	Turk Traktor ve Ziraat Makineleri AS		7,711	$	132,693
	Turkcell Iletisim Hizmetleri AS		1,084,914		1,730,767
#	Turkiye Garanti Bankasi AS		1,573,948		1,611,815
# *	Turkiye Halk Bankasi AS		651,232		300,083
#	Turkiye Is Bankasi AS, Class C		1,304,862		765,481
*	Turkiye Petrol Rafinerileri AS		64,525		928,581
	Turkiye Sise ve Cam Fabrikalari AS		1,130,637		1,017,037
*	Turkiye Vakiflar Bankasi TAO, Class D		822,870		294,100
	Ulker Biskuvi Sanayi AS		111,260		233,754
	Vestel Beyaz Esya Sanayi ve Ticaret AS		296,319		188,377
#	Vestel Elektronik Sanayi ve Ticaret AS		188,411		501,059
#	Yapi ve Kredi Bankasi AS		3,271,613		929,382
TOTAL TURKEY					28,003,484
UNITED ARAB EMIRATES — (0.6%)
	Abu Dhabi Commercial Bank PJSC		1,754,135		3,967,457
	Abu Dhabi Islamic Bank PJSC		1,107,408		1,763,203
	Abu Dhabi National Oil Co. for Distribution PJSC		1,309,234		1,526,792
	Aldar Properties PJSC		3,826,090		4,209,813
	Dubai Islamic Bank PJSC		1,799,927		2,509,567
*	Emaar Malls PJSC		2,248,617		1,227,378
	Emaar Properties PJSC		3,734,119		4,087,852
	Emirates Integrated Telecommunications Co. PJSC		99,857		167,368
	Emirates NBD Bank PJSC		1,126,916		4,288,053
	Emirates Telecommunications Group Co. PJSC		1,056,201		7,367,452
	First Abu Dhabi Bank PJSC		1,787,602		8,676,383
*	International Holding Co. PJSC		24,261		968,737
TOTAL UNITED ARAB EMIRATES					40,760,055
UNITED STATES — (0.0%)
	Sempra Energy.		10,849		1,379,532
TOTAL COMMON STOCKS					6,243,660,106
PREFERRED STOCKS — (0.7%)
BRAZIL — (0.7%)
*	Alpargatas SA		100,600		688,575
	Banco Bradesco SA		2,390,444		8,428,689
W	Banco Inter SA		179,984		390,022
	Banco Pan SA		196,200		462,011
*	Braskem SA Class A		48,439		467,413
	Centrais Eletricas Brasileiras SA Class B		103,746		622,057
	Cia de Transmissao de Energia Eletrica Paulista		122,300		527,009
	Cia Energetica de Minas Gerais		841,823		1,921,166
	Cia Paranaense de Energia		869,990		912,566
	Gerdau SA		817,916		3,898,427
	Itau Unibanco Holding SA		2,317,176		9,570,391
	Lojas Americanas SA		317,490		271,710
	Petroleo Brasileiro SA		2,527,248		12,202,330
	Usinas Siderurgicas de Minas Gerais SA Usiminas Class A		821,900		1,929,582
TOTAL BRAZIL					42,291,948
CHILE — (0.0%)
	Embotelladora Andina SA Class B		472,142		975,429
COLOMBIA — (0.0%)
	Banco Davivienda SA		77,413		697,095
	Grupo Argos SA		38,570		88,084

THE EMERGING MARKETS SERIES

CONTINUED

		Shares		Value»
COLOMBIA — (Continued)
	Grupo Aval Acciones y Valores SA		3,126,389	$	954,753
	Grupo de Inversiones Suramericana SA		84,488		423,816
TOTAL COLOMBIA					2,163,748
SOUTH KOREA — (0.0%)
	AMOREPACIFIC Group		738		24,579
	Hyundai Engineering & Construction Co. Ltd.		1,442		196,014
TOTAL SOUTH KOREA					220,593
TOTAL PREFERRED STOCKS					45,651,718
RIGHTS/WARRANTS — (0.0%)
BRAZIL — (0.0%)
*	Ultrapar Participacoes SA Rights 11/03/21		28,395		0
TAIWAN — (0.0%)
*	Eva Airways Corp. Rights Exp 10/01/21		70,445		0
THAILAND — (0.0%)
*	Banpu PCL 10/01/22		1,450,416		225,108
*	Banpu PCL 10/01/23		1,450,416		147,741
*	BTS W7 Warrants 07/11/24		423,150		0
*	BTS W8 Warrants 07/22/22		846,300		0
TOTAL THAILAND					372,849
TOTAL RIGHTS/WARRANTS					372,849
TOTAL INVESTMENT SECURITIES (Cost $3,711,438,631)					6,289,684,673
				Value†
SECURITIES LENDING COLLATERAL — (1.7%)
@ §	The DFA Short Term Investment Fund		9,324,531		107,884,825
TOTAL INVESTMENTS — (100.0%) (Cost $3,819,309,985)				$	6,397,569,498

ADR American Depositary Receipt

CP Certificate Participation

GDR Global Depositary Receipt

SA Special Assessment

» Securities that have been fair value factored. See Note B to Financial Statements.

* Non-Income Producing Securities.

# Total or Partial Securities on Loan.

W 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.

†† Security valued using significant unobservable inputs (Level 3).

† See Note B to Financial Statements.

@ Security purchased with cash collateral received from Securities on Loan.

§ Affiliated Fund.

THE EMERGING MARKETS SERIES

CONTINUED

As of October 31, 2021, The Emerging Markets Series had entered into the following outstanding futures contracts:

									Unrealized
	Number of		Expiration		Notional		Market		Appreciation
Description	Contracts		Date		Value		Value		(Depreciation)
Long Position Contracts:
E-Mini MSCI Emerging Markets Index		650		12/17/21	$	42,358,988	$	41,015,000	$	(1,343,988	)
S&P 500® Emini Index		26		12/17/21		5,584,545		5,976,100		391,555
Total Futures Contracts					$	47,943,533	$	46,991,100	$	(952,433	)

Summary of the Series’ investments as of October 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
Brazil	$	191,116,553			—		—	$	191,116,553
Chile		13,782,759		$	12,913,745		—		26,696,504
China		354,617,905			1,652,811,475	$	4,505,901		2,011,935,281
Colombia		12,316,697			—		—		12,316,697
Czech Republic		—			9,027,755		—		9,027,755
Egypt		3,183			3,888,408		—		3,891,591
Greece		—			16,687,636		13,128		16,700,764
Hong Kong		930,840			4,601,344		—		5,532,184
Hungary		—			21,255,120		—		21,255,120
India		39,363,772			809,889,695		—		849,253,467
Indonesia		—			111,668,223		—		111,668,223
Malaysia		—			98,689,277		—		98,689,277
Mexico		131,210,831			—		—		131,210,831
Netherlands		—			3,847,242		—		3,847,242
Peru		6,418,615			—		—		6,418,615
Philippines		1,560,460			46,132,924		—		47,693,384
Poland		—			54,588,905		—		54,588,905
Qatar		—			37,606,118		—		37,606,118
Russia		15,912,841			69,384,711		—		85,297,552
Saudi Arabia		—			209,187,727		—		209,187,727
South Africa		40,943,383			186,045,781		—		226,989,164
South Korea		8,895,927			830,485,729		—		839,381,656
Taiwan		5,760,517			1,051,555,679		7,461		1,057,323,657
Thailand		115,888,768			—		—		115,888,768
Turkey		—			28,003,484		—		28,003,484
United Arab Emirates		—			40,760,055		—		40,760,055
United States		1,379,532			—		—		1,379,532
Preferred Stocks
Brazil		42,291,948			—		—		42,291,948
Chile		—			975,429		—		975,429
Colombia		2,163,748			—		—		2,163,748
South Korea		—			220,593		—		220,593
Rights/Warrants
Thailand		—			372,849		—		372,849
Securities Lending Collateral		—			107,884,825		—		107,884,825
Futures Contracts**		(952,433	)		—		—		(952,433	)
TOTAL	$	983,605,846		$	5,408,484,729	$	4,526,490^	$	6,396,617,065

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

See accompanying Notes to Financial Statements.

THE EMERGING MARKETS SMALL CAP SERIES

SCHEDULE OF INVESTMENTS

October 31, 2021

		Shares		Value»
COMMON STOCKS — (96.7%)
BRAZIL — (3.6%)
	AES Brasil Energia SA		1,120,540	$	2,164,125
	Aliansce Sonae Shopping Centers SA		329,671		1,120,362
*	Alliar Medicos A Frente SA		202,000		529,714
	Alupar Investimento SA		614,979		2,586,839
*	Anima Holding SA		1,191,673		1,393,572
	Arezzo Industria e Comercio SA		57,863		757,659
# *	Azul SA, ADR		229,932		3,042,000
*	BK Brasil Operacao e Assessoria a Restaurantes SA		393,328		478,784
*	BR Malls Participacoes SA		3,040,792		3,863,085
	BR Properties SA		835,453		1,067,298
	BrasilAgro - Co. Brasileira de Propriedades Agricolas		258,435		1,156,680
*	BRF SA		1,626,186		6,693,416
*	C&A Modas Ltda		116,600		125,199
	Camil Alimentos SA		401,708		688,992
	Cia Brasileira de Distribuicao		456,026		2,062,856
	Cia de Locacao das Americas		1,789,285		6,255,111
	Cia de Saneamento de Minas Gerais-COPASA		701,274		1,691,119
	Cia de Saneamento do Parana		1,214,637		3,927,695
	Cia de Saneamento do Parana		166,500		105,615
	Cia Paranaense de Energia		480,084		457,644
	Cielo SA		2,863,342		1,111,081
*	Cogna Educacao		4,570,428		2,008,339
	Construtora Tenda SA		273,378		826,363
	CSU Cardsystem SA		107,414		322,406
	Cyrela Brazil Realty SA Empreendimentos e Participacoes		582,068		1,453,159
	Dexco SA		1,245,717		3,423,415
	Dimed SA Distribuidora da Medicamentos		87,332		201,007
	Direcional Engenharia SA		359,475		607,639
*	EcoRodovias Infraestrutura e Logistica SA		880,278		1,277,415
	EDP - Energias do Brasil SA		1,020,878		3,545,343
*	Embraer SA		1,203,609		4,676,839
*	Embraer SA, Sponsored ADR		484,327		7,521,598
	Enauta Participacoes SA		355,424		804,833
	Energisa SA		448,100		3,145,704
*	Eneva SA		2,321,000		5,921,968
*	Eternit SA		69,700		164,870
	Even Construtora e Incorporadora SA		422,994		466,179
	Ez Tec Empreendimentos e Participacoes SA		365,756		1,182,723
	Fleury SA		800,500		2,670,792
	Fras-Le SA		136,160		342,825
*	Gafisa SA		859,205		306,000
	Gafisa SA, ADR		70,307		47,106
# *	Gol Linhas Aereas Inteligentes SA, ADR		298,790		1,634,381
	Grendene SA		1,247,923		1,897,158
*	GRUPO DE MODA SOMA SA		827,040		1,922,598
	Guararapes Confeccoes SA		400,731		777,491
	Helbor Empreendimentos SA		318,373		269,645
	Hypera SA		123,200		612,529
	Iguatemi Empresa de Shopping Centers SA		230,500		1,222,788
	Industrias Romi SA		178,500		516,479
	Instituto Hermes Pardini SA		204,158		794,378
*	International Meal Co. Alimentacao SA, Class A		1,079,742		537,594
*	Iochpe-Maxion SA		422,811		1,257,091
*	IRB Brasil Resseguros SA		1,675,085		1,391,996
	JHSF Participacoes SA		972,400		859,753
	JSL SA		153,336		196,160
	Kepler Weber SA		52,246		327,058

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares			Value»
BRAZIL — (Continued)
	Light SA		1,515,700		$	2,599,663
	LOG Commercial Properties e Participacoes SA		180,472			749,220
*	Log-in Logistica Intermodal SA		219,309			823,798
*	LPS Brasil Consultoria de Imoveis SA		99,200			42,887
	M Dias Branco SA		304,311			1,668,809
	Mahle-Metal Leve SA		143,024			863,648
	Marcopolo SA		518,000			213,852
	Marfrig Global Foods SA		1,327,520			6,233,261
*	Marisa Lojas SA		784,679			571,429
	Mills Estruturas e Servicos de Engenharia SA		602,820			537,259
	Minerva SA		1,083,948			1,870,664
*	Moura Dubeux Engenharia S/A		22,700			19,346
	Movida Participacoes SA		465,747			1,225,476
	MRV Engenharia e Participacoes SA		1,042,403			1,874,693
	Multiplan Empreendimentos Imobiliarios SA		981,303			3,220,123
	Neoenergia SA		62,500			171,649
	Odontoprev SA		1,104,717			2,624,872
*	Omega Geracao SA		217,310			1,260,242
*	Petro Rio SA		3,259,660			13,555,445
	Porto Seguro SA		581,834			2,406,181
	Portobello SA		273,377			463,072
	Positivo Tecnologia SA		204,280			305,128
*	Profarma Distribuidora de Produtos Farmaceuticos SA		157,202			135,927
	Qualicorp Consultoria e Corretora de Seguros SA		887,943			2,691,928
	Sao Carlos Empreendimentos e Participacoes SA		86,509			567,142
	Sao Martinho SA		879,576			5,968,986
W	Ser Educacional SA		227,580			420,982
	SIMPAR SA		1,748,912			3,176,290
	SLC Agricola SA		390,163			3,012,738
	Sul America SA		720,803			3,316,782
	SYN prop e tech SA		54,690			123,164
*	Tecnisa SA		217,868			140,901
	Tegma Gestao Logistica SA		114,559			310,766
*	Terra Santa Propriedades Agricolas SA		9,971			38,462
	TOTVS SA		1,646,258			9,555,870
	Transmissora Alianca de Energia Eletrica SA		1,415,423			9,194,055
	Trisul SA		309,282			320,582
	Tupy SA		244,472			904,890
	Ultrapar Participacoes SA		940,893			2,175,600
	Unipar Carbocloro SA		8,973			128,383
	Usinas Siderurgicas de Minas Gerais SA Usiminas		108,100			246,701
*	Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		226,550			286,610
*	Via S/A		2,142,700			2,334,882
	Vivara Participacoes SA		12,000			55,154
*	Vulcabras Azaleia SA		459,009	��		710,009
	Wiz Solucoes e Corretagem de Seguros SA		321,744			550,131
	YDUQS Participacoes SA		1,050,937			3,884,359
TOTAL BRAZIL						189,964,479
CHILE — (0.5%)
	AES Andes SA		12,427,081			1,277,470
	Aguas Andinas SA, Class A		201,170			38,362
	Besalco SA		2,204,594			582,658
*	Camanchaca SA		1,471,136			62,339
	CAP SA		179,513			1,777,744
	Cementos BIO BIO SA		352,724			316,120
	Cia Sud Americana de Vapores SA		55,079,769			3,579,754
	Cristalerias de Chile SA		130,323			430,955

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHILE — (Continued)
	Embotelladora Andina SA, ADR, Class B		4,380	$	53,743
	Empresa Nacional de Telecomunicaciones SA		519,620		1,782,254
*	Empresas Hites SA		1,014,682		173,772
	Empresas Lipigas SA		6,383		21,775
	Empresas Tricot SA		70,631		34,750
	Engie Energia Chile SA		3,179,242		1,856,178
	Forus SA		460,998		614,716
	Grupo Security SA		5,738,715		868,459
	Hortifrut SA		127,405		135,450
	Instituto de Diagnostico SA		2,928		5,516
	Inversiones Aguas Metropolitanas SA		2,418,099		1,145,095
	Inversiones La Construccion SA		148,269		538,929
*	Itau CorpBanca Chile SA		31,474,098		69,890
*	Masisa SA		6,120,023		86,469
*	Multiexport Foods SA		3,836,112		1,207,246
*	Parque Arauco SA		2,445,510		2,413,293
	PAZ Corp. SA		1,106,246		388,889
*	Ripley Corp. SA		3,096,995		523,471
	Salfacorp SA		1,738,619		587,795
	Sigdo Koppers SA		1,164,083		1,095,483
	SMU SA		5,617,171		559,618
	Sociedad Matriz SAAM SA		35,390,775		2,210,763
	Socovesa SA		2,516,932		329,630
	SONDA SA		1,338,356		452,526
	Vina Concha y Toro SA		2,391,226		3,477,293
TOTAL CHILE					28,698,405
CHINA — (26.3%)
*	21Vianet Group, Inc., ADR		433,204		6,792,639
	263 Network Communications Co. Ltd., Class A		34,400		20,205
*	360 DigiTech, Inc., ADR		313,070		6,389,759
*	361 Degrees International Ltd.		4,405,000		2,136,854
*	36Kr Holdings, Inc.		4,800		7,968
* W	3SBio, Inc.		5,416,500		4,951,950
*	51job, Inc., ADR		134,562		8,014,513
	5I5J Holding Group Co. Ltd., Class A		700,900		326,347
*	9F, Inc.		4,700		7,050
	AAC Technologies Holdings, Inc.		2,265,000		9,789,819
W	AAG Energy Holdings Ltd.		2,159,601		483,454
	Accelink Technologies Co. Ltd., Class A		138,100		467,854
	Advanced Technology & Materials Co. Ltd., Class A		163,700		217,830
	AECC Aero-Engine Control Co. Ltd., Class A		57,000		237,761
*	Aerospace Hi-Tech Holdings Grp Ltd., Class A		279,103		366,463
*	Aesthetic Medical International Holdings Group Ltd., ADR		2,177		8,947
	Agile Group Holdings Ltd.		3,550,000		2,782,997
	Ajisen China Holdings Ltd.		2,398,000		409,715
# W	Ak Medical Holdings Ltd.		1,664,000		1,725,953
# *	Alibaba Pictures Group Ltd.		42,090,000		4,471,364
W	A-Living Smart City Services Co. Ltd.		2,128,500		7,065,510
	All Winner Technology Co. Ltd., Class A		43,000		426,571
	Allmed Medical Products Co. Ltd., Class A		8,200		16,786
*	Alpha Group, Class A		298,500		235,179
*	Aluminum Corp. of China Ltd., Class H		2,000,000		1,203,580
	Amoy Diagnostics Co. Ltd., Class A		49,094		620,282
	An Hui Wenergy Co. Ltd., Class A		901,802		617,967
	Angang Steel Co. Ltd., Class H		5,804,999		3,120,352
	Anhui Construction Engineering Group Co. Ltd., Class A		684,590		414,303
	Anhui Expressway Co. Ltd., Class H		2,104,000		1,247,418
	Anhui Genuine New Materials Co. Ltd., Class A		82,113		293,668

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Anhui Guangxin Agrochemical Co. Ltd., Class A		71,400	$	394,194
	Anhui Hengyuan Coal Industry & Electricity Power Co. Ltd., Class A		520,729		570,168
	Anhui Jianghuai Automobile Group Corp. Ltd., Class A		322,119		814,737
	Anhui Jiangnan Chemical Industry Co. Ltd., Class A		706,440		574,140
	Anhui Jinhe Industrial Co. Ltd., Class A		122,800		921,715
	Anhui Korrun Co. Ltd., Class A		81,366		282,254
*	Anhui Tatfook Technology Co. Ltd., Class A		51,300		70,822
	Anhui Transport Consulting & Design Institute Co. Ltd., Class A		31,100		40,927
	Anhui Truchum Advanced Materials & Technology Co. Ltd., Class A		368,400		599,551
	Anhui Xinhua Media Co. Ltd., Class A		138,900		102,201
	Anhui Zhongding Sealing Parts Co. Ltd., Class A		246,849		663,117
††	Animal Health Holdings, Inc.		3,671,000		44,257
	Anji Microelectronics Technology Shanghai Co. Ltd., Class A		7,828		290,579
# *	Anton Oilfield Services Group		10,122,000		687,439
	Aoshikang Technology Co. Ltd., Class A		41,200		459,253
* ††	Aowei Holdings Ltd.		1,451,000		74,131
	Aoyuan Healthy Life Group Co. Ltd.		422,000		196,310
	APT Satellite Holdings Ltd.		580,000		171,681
*	Art Group Holdings Ltd.		320,000		17,042
# * W	Ascletis Pharma, Inc.		26,000		9,037
	Asia Cement China Holdings Corp.		2,548,500		1,941,957
W	AsiaInfo Technologies Ltd.		387,600		638,605
*	Asian Citrus Holdings Ltd.		2,314,000		56,149
	Ausnutria Dairy Corp. Ltd.		2,610,000		3,265,031
*	Austar Lifesciences Ltd.		18,000		39,466
	AviChina Industry & Technology Co. Ltd., Class H		10,439,000		6,641,806
W	BAIC Motor Corp. Ltd., Class H		7,414,500		2,456,051
W	BAIOO Family Interactive Ltd.		2,678,000		215,483
	Bank of Chongqing Co. Ltd., Class H		2,533,500		1,422,994
*	Bank of Tianjin Co. Ltd., Class H		100,000		41,134
# * W	Bank of Zhengzhou Co. Ltd., Class H		671,000		159,216
	Baosheng Science & Technology Innovation Co. Ltd., Class A		191,902		145,440
*	Baoye Group Co. Ltd., Class H		1,132,000		553,615
# *	Baozun, Inc., Sponsored ADR		251,448		4,350,050
	BBMG Corp., Class H		6,398,000		1,075,010
	Bear Electric Appliance Co. Ltd., Class A		10,700		95,479
	Befar Group Co. Ltd., Class A		623,900		818,655
	Beibuwan Port Co. Ltd., Class A		146,881		171,035
	Beijing Aosaikang Pharmaceutical Co. Ltd., Class A		128,350		233,739
	Beijing Capital Development Co. Ltd., Class A		378,076		290,434
	Beijing Capital Eco-Environment Protection Group Co. Ltd., Class A		1,532,040		804,990
*	Beijing Capital International Airport Co. Ltd., Class H		7,820,000		5,085,072
*	Beijing Career International Co. Ltd., Class A		24,700		221,871
	Beijing Certificate Authority Co. Ltd., Class A		21,325		123,866
# *	Beijing Chunlizhengda Medical Instruments Co. Ltd., Class H		267,250		626,554
	Beijing Cisri-Gaona Materials & Technology Co. Ltd., Class A		94,500		617,281
	Beijing Ctrowell Technology Corp. Ltd., Class A		39,400		58,485
	Beijing Dahao Technology Corp. Ltd., Class A		15,900		68,147
	Beijing Easpring Material Technology Co. Ltd., Class A		39,700		549,549
# *	Beijing Energy International Holding Co. Ltd.		19,436,000		734,359
*	Beijing Enterprises Clean Energy Group Ltd.		59,768,570		803,405
	Beijing Enterprises Holdings Ltd.		1,690,500		6,498,096
# *	Beijing Enterprises Urban Resources Group Ltd.		1,532,000		155,203
	Beijing Enterprises Water Group Ltd.		14,484,000		5,536,280
*	Beijing Forever Technology Co. Ltd., Class A		211,838		380,588
# * ††	Beijing Gas Blue Sky Holdings Ltd.		16,288,000		91,065
	Beijing GeoEnviron Engineering & Technology, Inc., Class A		318,890		809,153
# *	Beijing Health Holdings Ltd.		18,966,000		239,012
	Beijing Hualian Department Store Co. Ltd., Class A		927,300		253,557

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
*	Beijing Jetsen Technology Co. Ltd., Class A		756,000	$	484,327
	Beijing Jingneng Clean Energy Co. Ltd., Class H		8,772,000		2,651,488
*	Beijing Jingxi Culture & Tourism Co. Ltd., Class A		189,200		138,897
	Beijing Konruns Pharmaceutical Co. Ltd., Class A		52,954		256,480
	Beijing North Star Co. Ltd., Class H		4,520,000		725,246
*	Beijing Orient Landscape & Environment Co. Ltd., Class A		707,100		313,648
*	Beijing Orient National Communication Science & Technology Co. Ltd., Class A		360,754		496,985
	Beijing Originwater Technology Co. Ltd., Class A		683,500		743,936
*	Beijing Sanju Environmental Protection & New Material Co. Ltd., Class A		472,000		449,226
	Beijing Sinnet Technology Co. Ltd., Class A		275,400		568,462
	Beijing SL Pharmaceutical Co. Ltd., Class A		237,600		344,355
	Beijing SPC Environment Protection Tech Co. Ltd., Class A		104,200		97,785
	Beijing SuperMap Software Co. Ltd., Class A		130,017		470,871
	Beijing Thunisoft Corp. Ltd., Class A		171,500		287,055
#	Beijing Tong Ren Tang Chinese Medicine Co. Ltd.		373,000		475,310
	Beijing Tongtech Co. Ltd., Class A		65,220		294,130
*	Beijing Ultrapower Software Co. Ltd., Class A		196,300		173,283
*	Beijing UniStrong Science & Technology Co. Ltd., Class A		146,802		138,013
W	Beijing Urban Construction Design & Development Group Co. Ltd., Class H		923,000		245,625
	Beijing Wanji Technology Co. Ltd., Class A		7,200		26,340
	Beijing Yanjing Brewery Co. Ltd., Class A		506,700		525,733
	Beijing Zhong Ke San Huan High-Tech Co. Ltd., Class A		364,050		636,863
	Best Pacific International Holdings Ltd.		978,000		298,807
# *	BEST, Inc.		66,028		106,305
	Bestsun Energy Co. Ltd., Class A		439,200		335,167
	Better Life Commercial Chain Share Co. Ltd., Class A		186,849		196,363
	Biem.L.Fdlkk Garment Co. Ltd., Class A		207,099		796,084
	BII Railway Transportation Technology Holdings Co. Ltd.		2,452,000		182,160
* ††	Billion Industrial Holdings Ltd.		44,000		11,176
	Binjiang Service Group Co. Ltd.		106,000		288,517
	Blue Sail Medical Co. Ltd., Class A		212,700		480,689
*	Bluedon Information Security Technology Co. Ltd., Class A		504,300		262,089
	Bluefocus Intelligent Communications Group Co. Ltd., Class A		518,700		405,654
*	Bohai Leasing Co. Ltd., Class A		1,263,500		519,020
#	Bosideng International Holdings Ltd.		13,134,000		10,176,925
*	Boyaa Interactive International Ltd.		1,494,000		99,585
	Bright Dairy & Food Co. Ltd., Class A		276,300		601,538
	Bright Real Estate Group Co. Ltd., Class A		962,280		327,692
* ††	Brilliance China Automotive Holdings Ltd.		8,928,000		2,955,169
	B-Soft Co. Ltd., Class A		348,631		435,207
*	BTG Hotels Group Co. Ltd., Class A		144,113		550,671
	C C Land Holdings Ltd.		12,749,015		2,857,185
	C&D International Investment Group Ltd.		1,286,968		2,395,445
*	C&D Property Management Group Co. Ltd.		350,000		197,980
# *	CA Cultural Technology Group Ltd.		2,130,000		166,994
	Cabbeen Fashion Ltd.		1,187,000		486,587
	Camel Group Co. Ltd., Class A		154,235		315,439
	Canny Elevator Co. Ltd., Class A		162,500		185,257
	Canvest Environmental Protection Group Co. Ltd.		3,064,000		1,759,671
*	Capital Environment Holdings Ltd.		22,400,000		524,121
	Carrianna Group Holdings Co. Ltd.		891,257		78,949
	Castech, Inc., Class A		46,400		118,876
* ††	CECEP COSTIN New Materials Group Ltd.		4,494,000		64,980
	CECEP Solar Energy Co. Ltd., Class A		639,400		1,114,576
*	CECEP Techand Ecology & Environment Co. Ltd., Class A		184,500		79,313
	CECEP Wind-Power Corp., Class A		1,052,000		1,212,625
	Central China Management Co. Ltd.		3,912,626		603,591
#	Central China Real Estate Ltd.		3,912,626		588,179

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Central China Securities Co. Ltd., Class H		7,022,000	$	1,288,331
	CETC Digital Technology Co. Ltd., Class A		127,939		669,564
#	CGN New Energy Holdings Co. Ltd.		5,762,000		5,393,086
	CGN Nuclear Technology Development Co. Ltd., Class A		141,400		196,977
	Chacha Food Co. Ltd., Class A		110,710		986,109
	Changchun Faway Automobile Components Co. Ltd., Class A		232,830		381,676
# * W	Changsha Broad Homes Industrial Group Co. Ltd., Class H		86,100		126,031
	Changzhou Qianhong Biopharma Co. Ltd., Class A		299,700		194,691
	Changzhou Tronly New Electronic Materials Co. Ltd., Class A		165,756		306,639
	Chaowei Power Holdings Ltd.		2,758,000		812,580
*	Cheetah Mobile, Inc., ADR		179,717		301,925
	Chengdu Fusen Noble-House Industrial Co. Ltd., Class A		147,800		289,307
	Chengdu Hongqi Chain Co. Ltd., Class A		308,700		244,885
	Chengdu Jiafaantai Education Technology Co. Ltd., Class A		138,234		162,978
	Chengdu Kanghong Pharmaceutical Group Co. Ltd., Class A		150,400		429,426
	Chengdu Wintrue Holding Co. Ltd., Class A		132,600		332,088
	Chengdu Xingrong Environment Co. Ltd., Class A		983,399		908,477
	Chengtun Mining Group Co. Ltd., Class A		277,000		442,723
*	Chiho Environmental Group Ltd.		172,000		24,006
	China Aerospace International Holdings Ltd.		8,284,500		617,174
*	China Agri-Products Exchange Ltd.		45,605		622
	China Aircraft Leasing Group Holdings Ltd.		1,600,000		1,106,798
#	China Aoyuan Group Ltd.		5,344,000		2,110,563
	China Bester Group Telecom Co. Ltd., Class A		102,700		224,167
	China BlueChemical Ltd., Class H		8,092,000		2,705,808
W	China Bohai Bank Co. Ltd., Class H		380,500		144,519
# *	China Boton Group Co. Ltd.		458,000		163,458
	China Building Material Test & Certification Group Co. Ltd., Class A		117,245		340,069
*	China CAMC Engineering Co. Ltd., Class A		332,197		335,359
	China Chengtong Development Group Ltd.		2,628,000		60,116
	China Cinda Asset Management Co. Ltd., Class H		21,131,000		3,527,735
††	China Common Rich Renewable Energy Investments Ltd.		17,084,000		2,058,512
	China Communications Services Corp. Ltd., Class H		10,260,000		5,671,928
	China Conch Venture Holdings Ltd.		2,567,000		12,473,940
*	China CYTS Tours Holding Co. Ltd., Class A		255,300		398,732
	China Datang Corp. Renewable Power Co. Ltd., Class H		10,083,000		4,265,869
*	China Daye Non-Ferrous Metals Mining Ltd.		7,434,000		95,117
W	China Development Bank Financial Leasing Co. Ltd., Class H		110,000		15,645
# *	China Dili Group.		12,965,699		3,182,396
	China Dongxiang Group Co. Ltd.		14,550,985		1,528,619
# W	China East Education Holdings Ltd.		791,500		750,922
	China Education Group Holdings Ltd.		2,302,000		3,934,892
*	China Electronics Huada Technology Co. Ltd.		3,568,000		361,278
#	China Electronics Optics Valley Union Holding Co. Ltd.		11,200,000		623,587
	China Energy Engineering Corp. Ltd., Class H		1,124,000		165,718
	China Enterprise Co. Ltd., Class A		320,883		142,853
	China Everbright Environment Group Ltd.		15,300,000		10,510,411
# W	China Everbright Greentech Ltd.		2,859,000		1,005,362
#	China Everbright Ltd.		4,190,000		4,711,452
	China Express Airlines Co. Ltd., Class A		286,538		491,981
*	China Film Co. Ltd., Class A		14,700		27,004
* ††	China Financial Services Holdings Ltd.		126,200		10,340
	China Foods Ltd.		5,172,000		1,976,100
*	China Fordoo Holdings Ltd.		1,929,000		161,187
*	China Fortune Land Development Co. Ltd., Class A		855,000		491,900
#	China Glass Holdings Ltd.		3,642,000		1,067,769
#	China Grand Pharmaceutical & Healthcare Holdings Ltd., Class A		4,172,000		3,340,586
*	China Greenland Broad Greenstate Group Co. Ltd.		4,572,000		143,986
	China Hanking Holdings Ltd.		2,916,000		531,166

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
#	China Harmony Auto Holding Ltd.		3,770,000	$	1,928,137
* ††	China High Precision Automation Group Ltd.		1,289,000		37,897
*	China High Speed Railway Technology Co. Ltd., Class A		741,500		252,500
# *	China High Speed Transmission Equipment Group Co. Ltd.		1,903,000		1,475,316
* †† W	China Huarong Asset Management Co. Ltd., Class H		29,702,000		2,920,382
††	China Huiyuan Juice Group Ltd.		4,034,500		181,800
# *	China Index Holdings Ltd., ADR		107,037		163,767
#	China International Marine Containers Group Co. Ltd., Class H		2,125,120		4,210,456
	China Jinmao Holdings Group Ltd.		7,952,000		2,323,164
	China Kepei Education Group Ltd.		1,226,000		675,963
	China Kings Resources Group Co. Ltd., Class A		100,360		665,351
	China Lesso Group Holdings Ltd.		4,499,000		6,953,956
	China Lilang Ltd.		2,232,000		1,271,422
# * W	China Literature Ltd.		456,200		3,165,331
# * W	China Logistics Property Holdings Co. Ltd.		3,646,000		1,958,403
# *	China Longevity Group Co. Ltd.		1,076,350		35,553
	China Longyuan Power Group Corp. Ltd., Class H		50,000		116,952
# * ††	China Lumena New Materials Corp.		363,249		0
# *	China Maple Leaf Educational Systems Ltd.		7,090,000		1,135,571
*	China Medical & HealthCare Group Ltd.		930,000		11,898
	China Medical System Holdings Ltd.		6,331,500		10,720,614
	China Meheco Co. Ltd., Class A		214,654		373,428
	China Meidong Auto Holdings Ltd.		2,280,000		11,778,083
	China Merchants Land Ltd.		7,804,000		871,736
	China Merchants Port Holdings Co. Ltd.		4,238,000		7,065,507
††	China Metal Recycling Holdings Ltd.		2,401,686		0
	China Minmetals Rare Earth Co. Ltd., Class A		34,900		206,982
#	China Modern Dairy Holdings Ltd.		10,694,000		2,017,362
	China National Accord Medicines Corp. Ltd., Class A		123,506		646,603
	China National Medicines Corp. Ltd., Class A		172,905		823,660
W	China New Higher Education Group Ltd.		1,994,000		999,468
*	China New Town Development Co. Ltd.		8,175,648		94,003
*	China Nonferrous Metal Industry’s Foreign Engineering & Construction Co. Ltd., Class A		401,000		322,028
*	China Oceanwide Holdings Ltd.		4,994,000		81,724
*	China Oil & Gas Group Ltd.		23,878,000		1,480,764
	China Oilfield Services Ltd., Class H		6,184,000		5,914,168
	China Oriental Group Co. Ltd.		4,816,000		1,355,440
	China Overseas Grand Oceans Group Ltd.		7,485,749		3,589,032
	China Overseas Property Holdings Ltd.		5,545,000		4,981,650
	China Pioneer Pharma Holdings Ltd.		1,849,000		275,170
#	China Power International Development Ltd.		17,284,333		8,683,460
* ††	China Properties Group Ltd.		2,045,000		81,808
	China Publishing & Media Co. Ltd., Class A		378,215		320,764
W	China Railway Signal & Communication Corp. Ltd., Class H		5,023,000		1,762,091
	China Railway Tielong Container Logistics Co. Ltd., Class A		189,400		139,826
# *	China Rare Earth Holdings Ltd.		7,152,799		753,583
	China Reinsurance Group Corp., Class H		18,771,000		1,952,044
W	China Renaissance Holdings Ltd.		575,800		1,391,471
#	China Resources Cement Holdings Ltd.		10,766,000		9,053,174
	China Resources Double Crane Pharmaceutical Co. Ltd., Class A		329,774		588,234
	China Resources Medical Holdings Co. Ltd.		4,089,500		2,868,977
# W	China Resources Pharmaceutical Group Ltd.		5,173,000		2,488,455
	China Resources Power Holdings Co. Ltd.		5,582,000		14,447,459
	China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A		129,300		487,459
	China Risun Group Ltd.		2,061,000		1,256,209
	China Sanjiang Fine Chemicals Co. Ltd.		3,268,000		985,198
	China SCE Group Holdings Ltd.		7,547,200		2,353,788
	China Science Publishing & Media Ltd., Class A		175,900		226,119

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
# *	China Shanshui Cement Group Ltd.		30,000	$	7,716
#* W	China Shengmu Organic Milk Ltd.		11,882,000		820,460
	China Shineway Pharmaceutical Group Ltd.		1,620,200		1,553,296
	China Shuifa Singyes Energy Holdings Ltd.		1,613,000		446,014
*	China Silver Group Ltd.		5,404,000		413,763
	China South City Holdings Ltd.		19,910,000		1,483,901
	China South Publishing & Media Group Co. Ltd., Class A		600,500		768,473
	China Starch Holdings Ltd.		7,505,000		163,567
*	China Sunshine Paper Holdings Co. Ltd.		1,794,000		406,587
	China Suntien Green Energy Corp. Ltd., Class H		7,217,000		5,735,824
	China Taiping Insurance Holdings Co. Ltd.		6,435,200		9,792,382
#	China Tian Lun Gas Holdings Ltd.		1,533,000		1,419,029
	China Tianbao Group Development Co. Ltd.		307,000		138,391
# *	China Tianrui Group Cement Co. Ltd.		256,000		219,914
*	China Tianying, Inc., Class A		657,100		487,305
	China Traditional Chinese Medicine Holdings Co. Ltd.		11,784,000		5,607,291
*	China Travel International Investment Hong Kong Ltd.		10,819,900		1,569,531
*	China Tungsten & Hightech Materials Co. Ltd., Class A		101,300		210,021
# W	China Vast Industrial Urban Development Co. Ltd.		2,122,000		613,521
# *	China Vered Financial Holding Corp. Ltd.		4,620,000		42,779
	China Water Affairs Group Ltd.		3,782,000		3,887,015
	China West Construction Group Co. Ltd., Class A		135,400		152,017
* ††	China Wood Optimization Holding Ltd.		1,748,000		151,648
	China World Trade Center Co. Ltd., Class A		169,977		361,430
	China XLX Fertiliser Ltd.		1,972,000		1,384,096
	China Yongda Automobiles Services Holdings Ltd.		2,988,500		4,754,926
# W	China Yuhua Education Corp. Ltd.		5,322,000		2,412,049
*	China Yurun Food Group Ltd.		439,000		51,278
# *	China ZhengTong Auto Services Holdings Ltd.		6,073,000		740,689
	China Zhonghua Geotechnical Engineering Group Co. Ltd., Class A		387,600		160,817
# *	China Zhongwang Holdings Ltd.		8,794,400		1,898,926
	Chinasoft International Ltd.		9,800,000		16,363,347
	Chinese Universe Publishing & Media Group Co. Ltd., Class A		240,900		392,701
	Chongqing Department Store Co. Ltd., Class A		145,400		523,059
	Chongqing Dima Industry Co. Ltd., Class A		104,100		37,590
	Chongqing Fuling Electric Power Industrial Co. Ltd., Class A		184,240		485,463
*	Chongqing Iron & Steel Co. Ltd., Class H		1,594,000		318,506
	Chongqing Machinery & Electric Co. Ltd., Class H		4,630,000		421,411
	Chongqing Rural Commercial Bank Co. Ltd., Class H		8,768,000		3,154,009
	Chongqing Zaisheng Technology Corp. Ltd., Class A		122,900		214,089
	Chongqing Zongshen Power Machinery Co. Ltd., Class A		392,137		401,845
	Chow Tai Seng Jewellery Co. Ltd., Class A		245,100		723,482
	Chu Kong Shipping Enterprises Group Co. Ltd.		1,366,000		166,605
	CIFI Ever Sunshine Services Group Ltd.		1,154,000		2,059,295
	CIFI Holdings Group Co. Ltd.		12,484,000		6,929,596
	CIMC Enric Holdings Ltd.		3,204,000		4,120,043
*	Cinda Real Estate Co. Ltd., Class A		782,200		392,454
	Cisen Pharmaceutical Co. Ltd., Class A		154,600		290,213
*	CITIC Guoan Information Industry Co. Ltd., Class A		1,133,750		397,907
	CITIC Press Corp., Class A		2,200		9,969
*	CITIC Resources Holdings Ltd.		12,238,600		861,850
*	Citychamp Watch & Jewellery Group Ltd.		7,880,000		1,328,385
	CMGE Technology Group Ltd.		304,000		118,565
	CMST Development Co. Ltd., Class A		585,300		559,335
	CNHTC Jinan Truck Co. Ltd., Class A		196,701		407,132
	CNNC Hua Yuan Titanium Dioxide Co. Ltd., Class A		50,500		108,799
	COFCO Biotechnology Co. Ltd., Class A		661,200		1,100,771
#	COFCO Joycome Foods Ltd.		7,856,000		3,040,505
	COFCO Sugar Holding Co. Ltd., Class A		155,600		236,431

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
# * W	Cogobuy Group		2,315,000	$	850,283
#	Colour Life Services Group Co. Ltd.		2,071,604		362,839
#	Comba Telecom Systems Holdings Ltd.		6,332,001		1,763,156
	Concord New Energy Group Ltd.		26,854,964		2,831,926
*	Confidence Intelligence Holdings Ltd.		6,000		18,846
	Consun Pharmaceutical Group Ltd.		2,452,000		1,050,810
# *	Continental Aerospace Technologies Holding Ltd.		22,083,722		345,225
*	Coolpad Group Ltd.		16,624,000		872,798
	COSCO SHIPPING Development Co. Ltd., Class H		16,586,000		3,223,030
#	COSCO SHIPPING Energy Transportation Co. Ltd., Class H		5,146,000		2,274,127
	COSCO SHIPPING International Hong Kong Co. Ltd.		3,405,000		1,092,740
	COSCO SHIPPING Ports Ltd.		8,577,565		7,139,843
* W	Cosmo Lady China Holdings Co. Ltd.		3,097,000		223,050
	CP Pokphand Co. Ltd.		28,288,594		4,003,321
	CPMC Holdings Ltd.		2,517,000		1,229,874
	CQ Pharmaceutical Holding Co. Ltd., Class A		375,000		280,147
# *	Crazy Sports Group Ltd.		10,687,579		537,838
	CSG Holding Co. Ltd., Class A		371,280		524,756
	CSSC Science & Technology Co. Ltd., Class A		158,600		317,139
	CTS International Logistics Corp. Ltd., Class A		195,520		376,842
# *	CWT International Ltd.		24,080,000		275,435
*	Cybernaut International Holdings Co. Ltd.		3,760,000		92,277
	D&O Home Collection Co. Ltd., Class A		106,962		212,360
#	Da Ming International Holdings Ltd.		880,000		406,664
#	DaFa Properties Group Ltd.		754,000		488,556
W	Dali Foods Group Co. Ltd.		4,411,000		2,455,963
	Dalian Bio-Chem Co. Ltd., Class A		60,476		118,159
	Dalian Huarui Heavy Industry Group Co. Ltd., Class A		272,300		164,181
	Dare Power Dekor Home Co. Ltd., Class A		112,600		205,655
	Dashang Co. Ltd., Class A		103,508		314,916
	Datang International Power Generation Co. Ltd., Class H		7,974,000		1,441,118
	Dawnrays Pharmaceutical Holdings Ltd.		4,735,886		1,035,641
*	Dazhong Transportation Group Co. Ltd., Class A		631,520		325,614
	Dazzle Fashion Co. Ltd., Class A		128,728		376,583
	DBG Technology Co. Ltd., Class A		213,483		464,054
	Deppon Logistics Co. Ltd., Class A		107,247		183,179
#	Dexin China Holdings Co. Ltd.		1,349,000		452,578
	DHC Software Co. Ltd., Class A		689,100		747,399
	Dian Diagnostics Group Co. Ltd., Class A		141,200		710,348
#	Differ Group Holding Co. Ltd.		11,956,000		2,884,074
	Digital China Group Co. Ltd., Class A		223,300		521,229
	Digital China Holdings Ltd.		3,246,500		1,750,192
	Digital China Information Service Co. Ltd., Class A		276,264		481,421
	Dong-E-E-Jiao Co. Ltd., Class A		109,600		694,660
	Dongfang Electric Corp. Ltd., Class H		1,557,600		2,485,348
*	Dongfang Electronics Co. Ltd., Class A		107,300		102,885
	Dongfeng Motor Group Co. Ltd., Class H		8,526,000		7,940,750
#	Dongjiang Environmental Co. Ltd., Class H		804,375		366,965
#	Dongyue Group Ltd.		5,073,000		11,802,904
*	DouYu International Holdings Ltd., ADR		524,957		1,653,615
*	Duiba Group Ltd.		1,000,800		233,271
	Dynagreen Environmental Protection Group Co. Ltd., Class H		1,777,000		906,814
	East Group Co. Ltd., Class A		307,000		496,957
*	E-Commodities Holdings Ltd.		2,748,000		290,660
	Edifier Technology Co. Ltd., Class A		68,600		121,164
	Edvantage Group Holdings Ltd.		168,000		109,295
#	EEKA Fashion Holdings Ltd.		25,500		39,480
#	E-House China Enterprise Holdings Ltd.		130,500		24,591
	Electric Connector Technology Co. Ltd., Class A		144,000		940,441

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Elion Energy Co. Ltd., Class A		1,074,661	$	833,276
#	Essex Bio-technology Ltd.		1,256,000		854,922
	Eternal Asia Supply Chain Management Ltd., Class A		459,200		412,381
*	Ev Dynamics Holdings Ltd.		900,000		11,873
	EVA Precision Industrial Holdings Ltd.		4,606,435		804,462
*	Everbright Jiabao Co. Ltd., Class A		647,600		261,989
*	EverChina International Holdings Co. Ltd.		13,020,000		311,451
*	Fang Holdings Ltd., ADR		15,618		90,893
	Fangda Special Steel Technology Co. Ltd., Class A		334,800		387,684
*	Fangdd Network Group Ltd.		9,226		9,872
#	Fanhua, Inc., Sponsored ADR		199,100		2,640,066
#	Fantasia Holdings Group Co. Ltd.		7,290,000		524,696
#	Far East Horizon Ltd.		7,742,000		7,381,560
	FAWER Automotive Parts Co. Ltd., Class A		102,200		90,461
* W	Feiyu Technology International Co. Ltd.		1,153,500		69,420
	Fiberhome Telecommunication Technologies Co. Ltd., Class A		262,000		705,017
	Fibocom Wireless, Inc., Class A		82,285		592,379
*	FIH Mobile Ltd.		9,669,000		1,504,082
	Financial Street Holdings Co. Ltd., Class A		582,798		534,148
	Financial Street Property Co. Ltd., Class H		20,000		10,459
#	FinVolution Group, ADR		376,583		2,304,688
#	First Tractor Co. Ltd., Class H		1,203,176		606,552
	Focused Photonics Hangzhou, Inc., Class A		108,900		314,769
	Foshan Nationstar Optoelectronics Co. Ltd., Class A		30,172		48,257
*	Founder Holdings Ltd.		160,000		18,704
	FriendTimes, Inc.		976,000		143,631
	Fu Shou Yuan International Group Ltd.		4,042,000		3,470,115
	Fufeng Group Ltd.		8,105,600		2,805,938
††	Fuguiniao Co. Ltd.		1,930,000		0
	Fujian Boss Software Development Co. Ltd., Class A		31,980		96,706
	Fujian Funeng Co. Ltd., Class A		180,494		504,649
	Fujian Green Pine Co. Ltd., Class A		100,900		156,111
	Fujian Longking Co. Ltd., Class A		172,500		219,019
	Fujian Longma Environmental Sanitation Equipment Co. Ltd., Class A		133,700		261,540
	Fujian Star-net Communication Co. Ltd., Class A		134,073		458,760
# *	Fullshare Holdings Ltd.		41,672,500		582,071
#	Fusen Pharmaceutical Co. Ltd.		141,000		46,333
	Gansu Jingyuan Coal Industry & Electricity Power Co. Ltd., Class A		797,700		394,059
	Gansu Qilianshan Cement Group Co. Ltd., Class A		149,233		225,047
	Gansu Shangfeng Cement Co. Ltd., Class A		276,801		751,775
	GCI Science & Technology Co. Ltd., Class A		158,925		527,640
# *	GCL New Energy Holdings Ltd.		18,764,000		879,447
# * ††	GCL-Poly Energy Holdings Ltd.		71,015,000		13,554,049
	Gemdale Properties & Investment Corp. Ltd.		26,770,000		2,605,469
	Gem-Year Industrial Co. Ltd., Class A		126,000		98,069
W	Genertec Universal Medical Group Co. Ltd.		4,479,000		3,379,080
*	Genimous Technology Co. Ltd., Class A		330,115		312,151
	Getein Biotech, Inc., Class A		124,783		341,219
*	Global Top E-Commerce Co. Ltd., Class A		517,700		183,724
*	Glorious Property Holdings Ltd.		11,042,501		343,444
*	Glory Sun Financial Group Ltd.		5,120,000		177,367
	Goldcard Smart Group Co. Ltd.		147,600		249,942
	Golden Eagle Retail Group Ltd.		2,637,000		2,294,106
W	Golden Throat Holdings Group Co. Ltd.		863,500		298,580
*	Golden Wheel Tiandi Holdings Co. Ltd.		546,000		14,787
	GoldenHome Living Co. Ltd., Class A		52,892		247,687
	Goldenmax International Technology Ltd., Class A		117,100		243,818
	Goldlion Holdings Ltd.		1,322,962		286,709
	Goldpac Group Ltd.		1,512,000		346,419

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
# *	GOME Retail Holdings Ltd.		34,090,000	$	3,455,540
*	Gosuncn Technology Group Co. Ltd., Class A		352,291		245,094
*	Grand Baoxin Auto Group Ltd.		3,251,992		365,078
	Grandblue Environment Co. Ltd., Class A		165,095		569,889
*	Grandjoy Holdings Group Co. Ltd., Class A		650,500		334,463
	Greattown Holdings Ltd., Class A		778,800		430,975
	Greatview Aseptic Packaging Co. Ltd.		4,535,000		1,863,090
*	Gree Real Estate Co. Ltd., Class A		436,440		458,424
	Greenland Hong Kong Holdings Ltd.		4,952,000		1,053,051
	Greentown China Holdings Ltd.		3,787,648		5,218,422
	Greentown Service Group Co. Ltd.		6,032,000		5,971,226
	Guangdong Baolihua New Energy Stock Co. Ltd., Class A		585,600		524,171
*	Guangdong Dongfang Precision Science & Technology Co. Ltd., Class A		455,500		385,499
	Guangdong Ellington Electronics Technology Co. Ltd., Class A		197,000		205,073
	Guangdong Great River Smarter Logistics Co. Ltd., Class A		113,600		405,124
*	Guangdong HEC Technology Holding Co. Ltd., Class A		592,700		982,919
	Guangdong Highsun Group Co. Ltd., Class A		256,300		81,711
	Guangdong Hongda Blasting Co. Ltd., Class A		158,325		681,826
	Guangdong Huatie Tongda High-speed Railway Equipment Corp., Class A		324,900		228,886
	Guangdong Land Holdings Ltd.		1,862,800		186,338
*	Guangdong Shenglu Telecommunication Tech Co. Ltd., Class A		282,900		231,251
	Guangdong Shirongzhaoye Co. Ltd., Class A		333,100		253,574
	Guangdong Sirio Pharma Co. Ltd., Class A		6,200		42,148
	Guangdong South New Media Co. Ltd., Class A		22,400		165,753
	Guangdong Tapai Group Co. Ltd., Class A		239,500		376,603
	Guangdong Xinbao Electrical Appliances Holdings Co. Ltd., Class A		177,530		620,877
	Guangdong Zhongsheng Pharmaceutical Co. Ltd., Class A		166,200		218,659
*	Guanghui Energy Co. Ltd., Class A		397,100		409,825
*	Guangshen Railway Co. Ltd., Class H		6,636,000		1,168,165
	Guangxi Liugong Machinery Co. Ltd., Class A		494,020		574,021
	Guangxi Liuzhou Pharmaceutical Co. Ltd., Class A		119,980		285,428
	Guangxi Wuzhou Zhongheng Group Co. Ltd., Class A		1,358,080		647,017
	Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H		622,000		1,572,525
*	Guangzhou GRG Metrology & Test Co. Ltd., Class A		55,600		223,575
	Guangzhou Haige Communications Group, Inc. Co., Class A		506,100		746,567
	Guangzhou KDT Machinery Co. Ltd., Class A		42,999		200,984
#	Guangzhou R&F Properties Co. Ltd., Class H		6,025,200		3,769,086
	Guangzhou Restaurant Group Co. Ltd., Class A		38,540		136,777
	Guangzhou Shangpin Home Collection Co. Ltd., Class A		17,951		122,406
	Guangzhou Zhujiang Brewery Co. Ltd., Class A		127,100		196,667
*	Guizhou Bailing Group Pharmaceutical Co. Ltd., Class A		326,400		301,962
*	Guizhou Broadcasting & TV Information Network Co. Ltd., Class A		301,400		206,110
	Guizhou Gas Group Corp. Ltd., Class A		223,900		346,670
	Guizhou Panjiang Refined Coal Co. Ltd., Class A		649,500		780,906
*	Guizhou Xinbang Pharmaceutical Co. Ltd., Class A		274,100		291,599
#	Guolian Securities Co. Ltd., Class H		1,395,500		681,991
	Guomai Technologies, Inc., Class A		185,400		165,950
*	Guorui Properties Ltd.		5,246,000		231,740
*	Guosheng Financial Holding, Inc., Class A		224,100		327,123
* W	Haichang Ocean Park Holdings Ltd.		6,292,000		1,591,669
# *	Hailiang Education Group, Inc., ADR		32,567		993,293
	Hailir Pesticides & Chemicals Group Co. Ltd., Class A		58,020		162,605
*	Hainan Development Holdings Nanhai Co. Ltd., Class A		194,300		412,642
*	Hainan Meilan International Airport Co. Ltd., Class H		689,000		2,788,009
	Hainan Ruize New Building Material Co. Ltd., Class A		256,900		141,794
	Hainan Strait Shipping Co. Ltd., Class A		846,397		747,104
	Haisco Pharmaceutical Group Co. Ltd., Class A		57,700		152,001
	Haitian International Holdings Ltd.		2,659,000		7,749,639
# W	Haitong UniTrust International Leasing Co. Ltd., Class H		302,000		41,539

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares				Value»
CHINA — (Continued)
	Hand Enterprise Solutions Co. Ltd., Class A		189,200			$	195,168
	Hangcha Group Co. Ltd., Class A		239,388				619,738
	Hangjin Technology Co. Ltd., Class A		262,000				1,392,953
	Hangxiao Steel Structure Co. Ltd., Class A		438,608				244,685
	Hangzhou Binjiang Real Estate Group Co. Ltd., Class A		844,386				538,565
	Hangzhou Century Co. Ltd., Class A		323,800				311,342
	Hangzhou Electronic Soul Network Technology Co. Ltd., Class A		14,000				51,635
# * W	Harbin Bank Co. Ltd., Class H		1,742,000				179,202
	Harbin Boshi Automation Co. Ltd., Class A		362,200				690,571
	Harbin Electric Co. Ltd., Class H		3,577,413				1,513,358
*	Harbin Gloria Pharmaceuticals Co. Ltd., Class A		509,600				190,378
*	Harbin Pharmaceutical Group Co. Ltd., Class A		854,900				420,734
††	Harmonicare Medical Holdings Ltd.		2,321,000				114,104
	HBIS Resources Co. Ltd., Class A		124,400				279,645
# *	HC Group, Inc.		2,529,000				261,003
	Health & Happiness H&H International Holdings Ltd.		1,003,500	��			2,348,873
	Hebei Chengde Lolo Co., Class A		368,379				595,116
	Hebei Construction Group Corp. Ltd., Class H		105,000				26,553
	Hebei Hengshui Laobaigan Liquor Co. Ltd., Class A		204,700				687,808
#	Hello Group, Inc.		613,582				7,639,096
	Henan Lingrui Pharmaceutical Co., Class A		160,300				267,957
	Henan Pinggao Electric Co. Ltd., Class A		342,000				471,740
*	Henan Senyuan Electric Co. Ltd., Class A		65,900				26,749
	Henan Yuguang Gold & Lead Co. Ltd., Class A		96,200				80,695
	Henan Zhongyuan Expressway Co. Ltd., Class A		907,923				446,979
	Henderson Investment Ltd.		2,432,000				115,604
	Hengan International Group Co. Ltd.		2,283,500				11,933,416
# *	Hengdeli Holdings Ltd.		12,009,399				440,108
	Hengdian Group DMEGC Magnetics Co. Ltd., Class A		135,300				298,400
	Hexing Electrical Co. Ltd., Class A		192,590				354,188
*	Hi Sun Technology China Ltd.		9,333,000				1,259,514
	Hisense Home Appliances Group Co. Ltd., Class H		1,608,000				1,727,125
*	Holitech Technology Co. Ltd., Class A		776,200				394,626
	Hongda Xingye Co. Ltd., Class A		406,500				344,692
*	Honghua Group Ltd.		13,617,000				470,295
*	Hongli Zhihui Group Co. Ltd., Class A		119,200				210,293
* †† W	Honworld Group Ltd.		1,105,500				327,153
W	Hope Education Group Co. Ltd.		9,156,000				1,632,954
	Hopson Development Holdings Ltd.		2,891,350				7,845,867
††	Hua Han Health Industry Holdings Ltd.		20,183,698				291,841
* W	Hua Hong Semiconductor Ltd.		2,037,000				10,222,196
	Huaan Securities Co. Ltd., Class A		847,366				676,978
	Huabao International Holdings Ltd.		2,017,000				3,772,922
#	Huadian Power International Corp. Ltd., Class H		7,070,000				2,611,179
	Huafa Industrial Co. Ltd. Zhuhai, Class A		639,800				525,818
*	Huafon Microfibre Shanghai Technology Co. Ltd.		475,200				335,665
*	Huafu Fashion Co. Ltd., Class A		522,852				361,749
	Huagong Tech Co. Ltd., Class A		96,900				436,630
#	Huaneng Power International, Inc., Class H		652,000				337,448
# *	Huanxi Media Group Ltd.		2,790,000				531,268
	Huapont Life Sciences Co. Ltd., Class A		498,900		��		482,465
*	Huawen Media Group, Class A		613,800				220,920
	Huaxi Holdings Co. Ltd.		624,000				172,041
#	Huazhong In-Vehicle Holdings Co. Ltd.		2,208,000				1,077,557
	Hubei Biocause Pharmaceutical Co. Ltd., Class A		1,089,069				552,873
	Hubei Jumpcan Pharmaceutical Co. Ltd., Class A		254,889				641,800
	Hubei Xingfa Chemicals Group Co. Ltd., Class A		60,878				473,249
#	Huijing Holdings Co. Ltd.		1,372,000				337,295
*	Huishang Bank Corp. Ltd., Class H		34,000				11,578

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Hunan Aihua Group Co. Ltd., Class A		154,787	$	862,634
*	Hunan Gold Corp. Ltd., Class A		244,800		414,385
	Hunan New Wellful Co. Ltd., Class A		263,400		285,695
	Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia, Class A		380,500		756,176
# *	HUYA, Inc., ADR		319,901		2,629,586
	Hytera Communications Corp. Ltd., Class A		439,400		387,414
*	HyUnion Holding Co. Ltd., Class A		258,400		225,698
# * W	iDreamSky Technology Holdings Ltd.		1,497,200		1,062,172
	IKD Co. Ltd., Class A		147,500		315,808
W	IMAX China Holding, Inc.		501,400		733,236
	Infore Environment Technology Group Co. Ltd., Class A		392,300		383,691
*	Inke Ltd.		267,000		54,172
	Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd., Class A		1,912,700		1,072,174
*	Inner Mongolia Xingye Mining Co. Ltd., Class A		135,400		155,692
	Inner Mongolia Yitai Coal Co. Ltd., Class H		554,000		420,098
*	Inner Mongolia Yuan Xing Energy Co. Ltd., Class A		353,900		422,994
*	Innuovo Technology Co. Ltd., Class A		364,600		301,738
*	Inspur International Ltd.		1,748,000		754,064
*	Inspur Software Co. Ltd., Class A		10,900		20,601
* W	International Alliance Financial Leasing Co. Ltd.		1,968,000		616,724
#	Intron Technology Holdings Ltd.		333,000		207,913
# *	iQIYI, Inc., ADR		784,425		6,495,039
	IReader Technology Co. Ltd., Class A		80,700		238,760
*	IRICO Group New Energy Co. Ltd., Class H		107,700		323,354
	Jack Sewing Machine Co. Ltd., Class A		137,400		433,427
	JH Educational Technology, Inc.		480,000		110,184
	Jiajiayue Group Co. Ltd., Class A		136,899		314,988
	Jiangling Motors Corp. Ltd., Class A		152,600		370,942
*	Jiangnan Group Ltd.		13,956,000		537,515
	Jiangsu Changshu Rural Commercial Bank Co. Ltd., Class A		591,500		670,818
*	Jiangsu Etern Co. Ltd., Class A		132,100		80,204
	Jiangsu Expressway Co. Ltd., Class H		1,368,000		1,297,178
	Jiangsu Guomao Reducer Co. Ltd., Class A		30,500		180,773
	Jiangsu Guotai International Group Co. Ltd., Class A		612,495		1,263,202
	Jiangsu Hengshun Vinegar Industry Co. Ltd., Class A		202,900		511,537
	Jiangsu Jiangyin Rural Commercial Bank Co. Ltd., Class A		878,520		524,519
*	Jiangsu Kanion Pharmaceutical Co. Ltd., Class A		192,140		281,802
*	Jiangsu Leike Defense Technology Co. Ltd., Class A		205,607		184,805
	Jiangsu Lihua Animal Husbandry Stock Co. Ltd., Class A		8,500		40,427
	Jiangsu Linyang Energy Co. Ltd., Class A		710,100		1,258,746
	Jiangsu Nhwa Pharmaceutical Co. Ltd., Class A		258,500		593,846
	Jiangsu Provincial Agricultural Reclamation & Development Corp.		439,752		765,022
	Jiangsu Shagang Co. Ltd., Class A		453,100		439,653
	Jiangsu Shuangxing Color Plastic New Materials Co. Ltd., Class A		118,100		436,817
	Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd., Class A		625,009		604,904
	Jiangsu Zhongnan Construction Group Co. Ltd., Class A		854,800		511,423
	Jiangsu Zijin Rural Commercial Bank Co. Ltd., Class A		1,256,600		630,030
	Jiangxi Bank Co. Ltd., Class H		25,500		11,199
	Jiangxi Huangshanghuang Group Food Co. Ltd., Class A		131,600		284,831
	Jiangxi Wannianqing Cement Co. Ltd., Class A		102,200		183,186
	Jiangzhong Pharmaceutical Co. Ltd., Class A		196,640		353,976
	Jiaozuo Wanfang Aluminum Manufacturing Co. Ltd., Class A		189,534		207,666
*	Jiayin Group, Inc., ADR		13,730		52,174
#	Jiayuan International Group Ltd.		5,900,834		2,281,541
	Jilin Aodong Pharmaceutical Group Co. Ltd., Class A		232,000		572,791
*	Jilin Electric Power Co. Ltd., Class A		866,200		1,025,467
	Jilin Jiutai Rural Commercial Bank Corp. Ltd., Class H		121,549		39,210
*	Jilin Zixin Pharmaceutical Industrial Co. Ltd., Class A		436,800		183,614
#	Jinchuan Group International Resources Co. Ltd.		12,519,000		2,018,625

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Jinduicheng Molybdenum Co. Ltd., Class A		443,920	$	503,611
#	Jingrui Holdings Ltd.		2,160,000		606,445
	Jingwei Textile Machinery Co. Ltd., Class A		284,500		355,149
# *	JinkoSolar Holding Co. Ltd., ADR		168,450		10,076,679
*	Jinneng Holding Shanxi Coal Industry Co. Ltd., Class A		722,972		1,217,766
	Jinneng Science&Technology Co. Ltd., Class A		176,300		389,997
	Jinyu Bio-Technology Co. Ltd., Class A		89,200		222,002
	Jinyuan EP Co. Ltd., Class A		145,600		246,473
W	Jiumaojiu International Holdings Ltd.		957,000		2,395,688
	Jiuzhitang Co. Ltd., Class A		287,600		381,821
	Jizhong Energy Resources Co. Ltd., Class A		904,700		884,331
	JL Mag Rare-Earth Co. Ltd., Class A		116,473		712,550
	JNBY Design Ltd.		892,000		1,492,257
	Joincare Pharmaceutical Group Industry Co. Ltd., Class A		345,600		622,294
	Jointo Energy Investment Co. Ltd. Hebei, Class A		697,596		557,625
	Joy City Property Ltd.		19,994,000		1,041,469
#	JOYY, Inc., ADR		129,276		6,514,218
	JSTI Group, Class A		213,888		189,071
	Ju Teng International Holdings Ltd.		4,732,000		812,048
	Jutal Offshore Oil Services Ltd.		124,000		16,653
	JY Grandmark Holdings Ltd.		325,000		125,587
*	Kai Yuan Holdings Ltd.		11,360,000		56,252
#	Kaisa Group Holdings Ltd.		13,330,142		2,047,851
	Kaisa Prosperity Holdings Ltd.		259,750		550,349
	Kaiser China Cultural Co. Ltd., Class A		75,900		83,688
	Kaishan Group Co. Ltd., Class A		377,100		1,069,716
* W	Kangda International Environmental Co. Ltd.		3,143,000		332,148
# *	Kasen International Holdings Ltd.		3,137,000		287,890
	Keda Industrial Group Co. Ltd., Class A		71,400		223,824
	Kehua Data Co. Ltd., Class A		7,400		45,164
	Kinetic Mines & Energy Ltd.		2,226,000		185,882
	Kingboard Holdings Ltd.		2,738,421		11,933,504
	Kingboard Laminates Holdings Ltd.		4,306,000		6,750,123
	KingClean Electric Co. Ltd., Class A		39,260		153,213
	Kingsoft Corp. Ltd.		3,235,800		13,807,297
	Konfoong Materials International Co. Ltd., Class A		65,258		408,887
	Konka Group Co. Ltd., Class A		570,684		501,208
# * W	Koolearn Technology Holding Ltd.		529,000		286,327
	KPC Pharmaceuticals, Inc., Class A		259,500		337,019
	Kunlun Energy Co. Ltd.		13,120,000		11,949,431
	Kunlun Tech Co. Ltd., Class A		269,855		785,124
*	Kunshan Kersen Science & Technology Co. Ltd., Class A		167,800		267,733
*	Kunwu Jiuding Investment Holdings Co. Ltd., Class A		78,245		170,546
	KWG Group Holdings Ltd.		5,692,950		4,962,621
	KWG Living Group Holdings Ltd.		3,815,225		2,570,081
*	Lanzhou Lishang Guochao Industrial Group Co. Ltd., Class A		310,200		302,640
	Lao Feng Xiang Co. Ltd., Class A		57,200		429,033
	Laobaixing Pharmacy Chain JSC, Class A		92,101		628,646
*	Launch Tech Co. Ltd., Class H		20,000		7,664
	Lee & Man Chemical Co. Ltd.		982,785		1,215,986
	Lee & Man Paper Manufacturing Ltd.		5,884,000		4,422,442
	Lee’s Pharmaceutical Holdings Ltd.		1,170,500		549,195
W	Legend Holdings Corp., Class H		1,679,100		2,951,307
	Leo Group Co. Ltd., Class A		1,417,942		505,271
*	LexinFintech Holdings Ltd., ADR		421,044		2,248,375
	Leyard Optoelectronic Co. Ltd., Class A		530,700		780,136
	Liaoning Port Co. Ltd., Class H		238,000		22,045
	Lier Chemical Co. Ltd., Class A		168,700		596,202
*	Lifestyle China Group Ltd.		1,804,000		243,098

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
*	Lifetech Scientific Corp.		15,806,000	$	7,340,826
*	LingNan Eco&Culture-Tourism Co. Ltd., Class A		408,100		170,428
	Lingyuan Iron & Steel Co. Ltd., Class A		490,702		207,913
* ††	Link Motion, Inc., Sponsored ADR		690,534		0
	Livzon Pharmaceutical Group, Inc., Class H		843,703		2,779,135
	Lizhong Sitong Light Alloys Group Co. Ltd., Class A		34,000		82,256
	LK Technology Holdings Ltd.		536,500		1,338,744
	Logan Group Co. Ltd.		2,526,000		2,530,298
	Loncin Motor Co. Ltd., Class A		724,300		494,849
	Long Yuan Construction Group Co. Ltd., Class A		398,400		447,368
	Longhua Technology Group Luoyang Co. Ltd., Class A		18,800		28,882
	Longshine Technology Group Co. Ltd., Class A		98,700		499,923
	Lonking Holdings Ltd.		8,606,000		2,511,587
	Luenmei Quantum Co. Ltd., Class A		312,900		404,016
	Luolai Lifestyle Technology Co. Ltd., Class A		96,240		196,026
*	Luoniushan Co. Ltd., Class A		181,128		193,551
# *	Luoyang Glass Co. Ltd., Class H		784,000		1,145,282
# * W	Luye Pharma Group Ltd.		7,602,500		3,623,039
# *	LVGEM China Real Estate Investment Co. Ltd		2,058,000		467,109
	Maanshan Iron & Steel Co. Ltd., Class H		3,890,048		1,654,184
	Maccura Biotechnology Co. Ltd., Class A		124,661		542,327
*	Macrolink Culturaltainment Development Co. Ltd., Class A		682,438		192,007
* W	Maoyan Entertainment		1,641,000		1,982,006
*	Maoye International Holdings Ltd.		3,854,000		137,872
*	Markor International Home Furnishings Co. Ltd., Class A		520,780		275,854
	Mayinglong Pharmaceutical Group Co. Ltd., Class A		147,525		580,188
* W	Meitu, Inc.		8,434,000		1,840,558
# W	Midea Real Estate Holding Ltd.		60,400		104,243
	Milkyway Chemical Supply Chain Service Co. Ltd., Class A		5,600		95,963
	Min Xin Holdings Ltd.		744,000		411,415
*	Mingfa Group International Co. Ltd.		5,292,000		305,126
	Minmetals Land Ltd.		8,218,000		842,911
# W	Minsheng Education Group Co. Ltd.		780,000		112,798
	Minth Group Ltd.		3,117,000		12,388,331
	MLS Co. Ltd., Class A		322,200		701,198
*	MOBI Development Co. Ltd.		270,000		12,827
	Modern Land China Co. Ltd.		5,136,800		250,882
*	Myhome Real Estate Development Group Co. Ltd., Class A		1,065,200		263,867
	MYS Group Co. Ltd., Class A		215,887		110,089
# *	Nan Hai Corp. Ltd.		24,100,000		130,311
	NanJi E-Commerce Co. Ltd., Class A		443,100		495,504
	Nanjing Iron & Steel Co. Ltd., Class A		1,329,800		733,436
*	Nanjing Sample Technology Co. Ltd., Class H		111,500		74,885
	Nanjing Xinjiekou Department Store Co. Ltd., Class A		224,500		342,874
	Nanjing Yunhai Special Metals Co. Ltd., Class A		164,900		470,024
	Natural Food International Holding Ltd.		314,000		21,353
	NetDragon Websoft Holdings Ltd.		995,000		2,179,262
* W	New Century Healthcare Holding Co. Ltd.		35,000		4,464
	New Hope Dairy Co. Ltd., Class A		23,600		58,526
*	New World Department Store China Ltd.		1,787,462		307,332
# *	Newborn Town, Inc.		1,296,000		729,445
	Newland Digital Technology Co. Ltd., Class A		251,800		593,092
#	Nexteer Automotive Group Ltd.		3,760,000		4,640,543
	Nine Dragons Paper Holdings Ltd.		7,447,000		9,364,604
	Ningbo Huaxiang Electronic Co. Ltd., Class A		111,538		412,343
	Ningbo Jifeng Auto Parts Co. Ltd., Class A		14,600		23,185
	Ningbo Joyson Electronic Corp., Class A		146,100		405,620
	Ningbo Orient Wires & Cables Co. Ltd., Class A		217,575		1,536,549
	Ningbo Sanxing Medical Electric Co. Ltd., Class A		257,200		489,184

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Ningbo Yunsheng Co. Ltd., Class A		340,100	$	558,805
	Ningxia Jiaze New Energy Co. Ltd., Class A		574,100		488,708
# *	Niu Technologies, Sponsored ADR		137,099		3,589,252
*	Noah Holdings Ltd., Sponsored ADR		144,548		6,144,735
	Norinco International Cooperation Ltd., Class A		269,374		316,014
	North Huajin Chemical Industries Co. Ltd., Class A		342,500		315,811
	Northeast Pharmaceutical Group Co. Ltd., Class A		218,903		179,035
	Northeast Securities Co. Ltd., Class A		474,610		638,973
	NSFOCUS Technologies Group Co. Ltd., Class A		167,948		396,170
# *	NVC International Holdings Ltd.		1,770,000		39,199
*	Oceanwide Holdings Co. Ltd., Class A		564,577		157,048
	Offshore Oil Engineering Co. Ltd., Class A		875,267		636,027
	OFILM Group Co. Ltd., Class A		595,796		696,002
	Olympic Circuit Technology Co. Ltd.		123,835		333,970
	Opple Lighting Co. Ltd., Class A		80,030		242,379
	ORG Technology Co. Ltd., Class A		630,320		659,349
*	Orient Group, Inc., Class A		758,900		346,114
*	Ourpalm Co. Ltd., Class A		789,500		479,727
*	Overseas Chinese Town Asia Holdings Ltd.		950,183		176,369
#	Pacific Online Ltd.		1,798,365		332,490
*	Pacific Securities Co. Ltd., Class A		1,476,371		719,363
*	Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A		1,344,900		839,519
	PAX Global Technology Ltd.		3,392,000		3,392,000
	PCI Technology Group Co. Ltd., Class A		602,240		713,825
*	Pengdu Agriculture & Animal Husbandry Co. Ltd., Class A		2,002,270		1,085,968
#	Perennial Energy Holdings Ltd.		1,325,000		271,730
	PhiChem Corp., Class A		215,026		595,600
# *	Phoenix Media Investment Holdings Ltd.		6,320,000		480,677
	Phoenix New Media Ltd., ADR		122,670		172,965
	Pingdingshan Tianan Coal Mining Co. Ltd., Class A		712,948		949,881
*	Polaris Bay Group Co. Ltd., Class A		155,400		223,657
	Poly Property Group Co. Ltd.		9,753,000		2,405,922
#	Poly Property Services Co. Ltd., Class H		512,200		2,859,331
*	Pou Sheng International Holdings Ltd.		11,616,806		1,954,820
	Powerlong Commercial Management Holdings Ltd.		353,500		791,301
	Powerlong Real Estate Holdings Ltd.		5,244,000		3,592,507
#	Prinx Chengshan Holding Ltd.		133,500		123,857
	Pujiang International Group Ltd.		267,000		121,371
#	PW Medtech Group Ltd.		3,468,000		533,849
#	Q Technology Group Co. Ltd.		1,827,000		2,667,259
	Qianhe Condiment & Food Co. Ltd., Class A		172,080		661,617
	Qingdao East Steel Tower Stock Co. Ltd., Class A		127,400		155,647
	Qingdao Eastsoft Communication Technology Co. Ltd., Class A		158,122		438,808
	Qingdao Gon Technology Co. Ltd., Class A		87,300		319,903
	Qingdao Hanhe Cable Co. Ltd., Class A		594,000		400,643
W	Qingdao Port International Co. Ltd., Class H		611,000		307,102
	Qingdao Rural Commercial Bank Corp., Class A		1,330,100		794,486
	Qingdao Topscomm Communication, Inc., Class A		182,700		196,626
	Qingling Motors Co. Ltd., Class H		3,996,000		899,768
#	Qinhuangdao Port Co. Ltd., Class H		3,011,500		482,913
*	Qudian, Inc., Sponsored ADR		96,525		161,197
	Rainbow Digital Commercial Co. Ltd., Class A		356,250		353,802
	Raisecom Technology Co. Ltd., Class A		133,429		126,208
	Rastar Group, Class A		295,400		142,036
	Realcan Pharmaceutical Group Co. Ltd., Class A		513,200		282,877
# *	Realord Group Holdings Ltd.		1,306,000		2,033,225
	Red Avenue New Materials Group Co. Ltd., Class A		8,900		76,169
* W	Red Star Macalline Group Corp. Ltd., Class H		1,078,120		604,792
# W	Redco Properties Group Ltd.		5,952,000		1,828,222

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
#	Redsun Properties Group Ltd.		1,122,000	$	323,569
	Renhe Pharmacy Co. Ltd., Class A		409,700		606,792
	REXLot Holdings Ltd.		98,652,252		49,450
	Rianlon Corp., Class A		21,800		133,154
	Risen Energy Co. Ltd., Class A		178,900		667,542
	RiseSun Real Estate Development Co. Ltd., Class A		982,152		658,668
	Road King Infrastructure Ltd.		1,228,000		1,244,229
	Rongan Property Co. Ltd., Class A		916,500		340,773
#	Ronshine China Holdings Ltd.		2,708,000		1,095,056
	Runjian Co. Ltd., Class A		50,400		242,314
*	RYB Education, Inc., ADR		1,970		5,161
*	SanFeng Intelligent Equipment Group Co. Ltd., Class A		321,008		181,352
	Sanquan Food Co. Ltd., Class A		150,700		457,316
	Sansteel Minguang Co. Ltd. Fujian, Class A		736,394		788,893
	Sanxiang Impression Co. Ltd., Class A		36,100		16,074
	Sany Heavy Equipment International Holdings Co. Ltd.		4,624,000		5,261,733
*	Saurer Intelligent Technology Co. Ltd., Class A		417,200		185,238
	Sealand Securities Co. Ltd., Class A		1,301,480		785,154
	Seazen Group Ltd.		8,286,000		6,554,872
*	Secoo Holding Ltd., ADR		64,187		74,457
	S-Enjoy Service Group Co. Ltd.		905,000		1,761,089
	SGIS Songshan Co. Ltd., Class A		836,400		578,852
	Shaan Xi Provincial Natural Gas Co. Ltd., Class A		446,990		506,036
	Shan Xi Hua Yang Group New Energy Co. Ltd., Class A		481,800		799,875
	Shandong Buchang Pharmaceuticals Co. Ltd., Class A		152,200		416,227
#	Shandong Chenming Paper Holdings Ltd., Class H		1,649,750		793,508
	Shandong Himile Mechanical Science & Technology Co. Ltd., Class A		150,300		586,904
	Shandong Humon Smelting Co. Ltd., Class A		230,600		413,523
	Shandong Longda Meat Foodstuff Co. Ltd., Class A		255,500		401,566
	Shandong Minhe Animal Husbandry Co. Ltd., Class A		68,500		170,795
*	Shandong Molong Petroleum Machinery Co. Ltd., Class H		784,800		398,680
	Shandong New Beiyang Information Technology Co. Ltd., Class A		207,300		251,702
	Shandong Publishing & Media Co. Ltd., Class A		206,500		197,499
#	Shandong Weigao Group Medical Polymer Co. Ltd., Class H		4,728,000		8,053,345
#	Shandong Xinhua Pharmaceutical Co. Ltd., Class H		698,400		341,634
	Shandong Yisheng Livestock & Poultry Breeding Co. Ltd., Class A		229,890		381,815
*	Shanghai 2345 Network Holding Group Co. Ltd., Class A		1,366,956		429,766
	Shanghai AJ Group Co. Ltd., Class A		426,800		432,422
	Shanghai Belling Co. Ltd., Class A		107,946		510,368
	Shanghai Daimay Automotive Interior Co. Ltd., Class A		72,646		211,351
	Shanghai Electric Power Co. Ltd., Class A		403,734		698,586
	Shanghai Environment Group Co. Ltd., Class A		184,073		334,069
	Shanghai Fengyuzhu Culture & Technology Co. Ltd., Class A		144,565		375,768
*	Shanghai Fudan Microelectronics Group Co. Ltd., Class H		830,000		2,273,319
#	Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. Ltd., Class H		1,300,000		637,150
	Shanghai Ganglian E-Commerce Holdings Co. Ltd., Class A		29,000		173,135
	Shanghai Hanbell Precise Machinery Co. Ltd., Class A		83,000		307,556
# W	Shanghai Haohai Biological Technology Co. Ltd., Class H		145,100		1,085,987
	Shanghai Industrial Development Co. Ltd., Class A		447,650		271,502
	Shanghai Industrial Holdings Ltd.		1,916,000		2,859,044
	Shanghai Industrial Urban Development Group Ltd.		12,363,000		1,064,284
	Shanghai Jin Jiang Capital Co. Ltd., Class H		7,560,000		1,713,502
	Shanghai Jinqiao Export Processing Zone Development Co. Ltd., Class A		179,421		316,318
#	Shanghai Kindly Medical Instruments Co. Ltd., Class H		19,600		72,706
	Shanghai Maling Aquarius Co. Ltd., Class A		310,225		379,059
	Shanghai Mechanical & Electrical Industry Co. Ltd., Class A		134,034		303,732
	Shanghai Moons’ Electric Co. Ltd., Class A		89,360		235,593
	Shanghai Pharmaceuticals Holding Co. Ltd., Class H		2,233,000		4,086,896
	Shanghai Pret Composites Co. Ltd., Class A		20,900		35,867

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Shanghai Pudong Construction Co. Ltd., Class A		391,992	$	352,491
	Shanghai Rongtai Health Technology Corp. Ltd., Class A		19,300		85,377
	Shanghai Shimao Co. Ltd., Class A		547,300		270,331
	Shanghai Shyndec Pharmaceutical Co. Ltd., Class A		332,033		484,334
	Shanghai Tongji Science & Technology Industrial Co. Ltd., Class A		127,300		153,320
	Shanghai Tunnel Engineering Co. Ltd., Class A		778,950		622,206
	Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd., Class A		184,300		371,561
	Shanghai Wanye Enterprises Co. Ltd., Class A		198,172		958,871
	Shanghai Weaver Network Co. Ltd., Class A		46,505		467,326
	Shanghai Zijiang Enterprise Group Co. Ltd., Class A		214,800		326,389
	Shanxi Blue Flame Holding Co. Ltd., Class A		335,600		480,961
	Shanxi Coking Co. Ltd., Class A		437,317		469,321
	Shanxi Lanhua Sci-Tech Venture Co. Ltd., Class A		308,400		525,925
	Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A		49,964		101,401
	Shanxi Securities Co. Ltd., Class A		691,410		676,144
	Shanying International Holding Co. Ltd., Class A		1,207,015		611,282
#	Sheng Ye Capital Ltd.		611,500		675,203
*	Shengda Resources Co. Ltd., Class A		221,907		401,038
	Shenguan Holdings Group Ltd.		1,628,000		84,645
	Shenzhen Agricultural Products Group Co. Ltd., Class A		615,280		667,542
*	Shenzhen Airport Co. Ltd., Class A		609,400		720,648
	Shenzhen Aisidi Co. Ltd., Class A		254,900		426,954
	Shenzhen Anche Technologies Co. Ltd., Class A		41,100		122,391
	Shenzhen Bauing Construction Holding Group Co. Ltd., Class A		272,700		108,215
	Shenzhen Center Power Tech Co. Ltd., Class A		76,600		198,861
	Shenzhen Changhong Technology Co. Ltd., Class A		88,900		494,337
	Shenzhen Comix Group Co. Ltd., Class A		202,801		209,985
	Shenzhen Das Intellitech Co. Ltd., Class A		657,611		349,458
	Shenzhen Desay Battery Technology Co., Class A		113,098		747,238
	Shenzhen Ellassay Fashion Co. Ltd., Class A		45,900		102,517
	Shenzhen Everwin Precision Technology Co. Ltd., Class A		228,018		499,472
	Shenzhen Expressway Co. Ltd., Class H		3,146,400		2,965,417
	Shenzhen Fastprint Circuit Tech Co. Ltd., Class A		307,384		608,630
	Shenzhen FRD Science & Technology Co. Ltd.		96,700		286,893
	Shenzhen Gas Corp. Ltd., Class A		135,800		192,496
	Shenzhen Gongjin Electronics Co. Ltd., Class A		192,000		238,419
*	Shenzhen Grandland Group Co. Ltd., Class A		272,300		96,122
	Shenzhen H&T Intelligent Control Co. Ltd., Class A		182,600		663,675
W	Shenzhen Hepalink Pharmaceutical Group Co. Ltd., Class H		522,000		574,417
	Shenzhen Heungkong Holding Co. Ltd., Class A		1,466,160		430,734
*	Shenzhen Hifuture Information Technology Co. Ltd., Class A		256,517		138,624
	Shenzhen International Holdings Ltd.		4,956,314		5,966,986
	Shenzhen Investment Holdings Bay Area Development Co. Ltd.		33,500		12,231
#	Shenzhen Investment Ltd.		15,657,720		3,840,534
	Shenzhen Jieshun Science & Technology Industry Co. Ltd., Class A		49,734		67,453
	Shenzhen Jinjia Group Co. Ltd., Class A		294,200		497,520
	Shenzhen Kedali Industry Co. Ltd., Class A		26,000		704,753
	Shenzhen Kinwong Electronic Co. Ltd., Class A		144,374		583,085
	Shenzhen Kstar Science & Technology Co. Ltd., Class A		50,400		250,826
	Shenzhen Laibao Hi-tech Co. Ltd., Class A		30,700		49,521
	Shenzhen Megmeet Electrical Co. Ltd., Class A		152,428		730,184
*	Shenzhen Neptunus Bioengineering Co. Ltd., Class A		965,200		467,569
	Shenzhen Noposion Agrochemicals Co. Ltd., Class A		186,200		170,219
	Shenzhen Properties & Resources Development Group Ltd., Class A		76,600		131,898
*	Shenzhen SDG Information Co. Ltd., Class A		279,020		261,485
	Shenzhen Sinovatio Technology Co. Ltd., Class A		41,707		194,150
	Shenzhen Sunline Tech Co. Ltd., Class A		172,700		339,316
	Shenzhen Suntak Circuit Technology Co. Ltd., Class A		299,700		645,814
	Shenzhen Tagen Group Co. Ltd., Class A		317,710		250,165

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Shenzhen Topband Co. Ltd., Class A		240,700	$	557,047
	Shenzhen Woer Heat-Shrinkable Material Co. Ltd., Class A		256,400		294,200
	Shenzhen World Union Group, Inc., Class A		613,800		359,778
	Shenzhen Yan Tian Port Holding Co. Ltd., Class A		342,768		277,451
	Shenzhen Yinghe Technology Co. Ltd., Class A		127,800		624,605
	Shenzhen Ysstech Info-tech Co. Ltd., Class A		213,200		326,786
	Shenzhen Zhenye Group Co. Ltd., Class A		410,400		267,801
	Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., Class A		1,098,800		850,183
*	Shijiazhuang Changshan BeiMing Technology Co. Ltd., Class A		362,300		367,289
	Shimao Group Holdings Ltd.		3,855,500		6,048,052
*	Shineco, Inc.		2,016		20,805
	Shinva Medical Instrument Co. Ltd., Class A		138,680		472,148
	Shoucheng Holdings Ltd.		9,427,600		1,996,522
	Shougang Fushan Resources Group Ltd.		9,687,128		2,558,845
*	Shouhang High-Tech Energy Co. Ltd., Class A		719,800		367,422
	Shui On Land Ltd.		16,384,143		2,427,031
*	Sichuan Development Lomon Co. Ltd., Class A		150,200		424,174
	Sichuan Expressway Co. Ltd., Class H		4,548,000		1,052,699
*	Sichuan Hebang Biotechnology Co. Ltd., Class A		771,700		429,164
	Sichuan Jiuyuan Yinhai Software Co. Ltd., Class A		103,000		308,515
*	Sichuan Languang Development Co. Ltd., Class A		988,771		267,309
	Sichuan Shuangma Cement Co. Ltd., Class A		187,737		587,185
	Sichuan Tianyi Comheart Telecom Co. Ltd., Class A		90,600		229,529
	Sieyuan Electric Co. Ltd., Class A		56,300		365,037
	Sihuan Pharmaceutical Holdings Group Ltd.		18,569,000		3,896,841
*	Silver Grant International Holdings Group Ltd.		6,192,000		404,737
	Sinic Holdings Group Co. Ltd., Class H		235,000		15,102
	Sino Wealth Electronic Ltd., Class A		103,050		987,755
	Sinocare, Inc., Class A		112,300		411,801
	Sinochem International Corp., Class A		391,600		555,615
#	Sinofert Holdings Ltd.		9,585,327		1,498,842
*	Sino-I Technology Ltd.		3,950,000		17,334
*	Sinolink Worldwide Holdings Ltd.		15,827,440		509,291
	Sinoma International Engineering Co., Class A		296,600		481,864
	Sinomach Automobile Co. Ltd., Class A		342,600		338,920
	Sino-Ocean Group Holding Ltd.		13,717,000		2,981,175
	Sinopec Engineering Group Co. Ltd., Class H		6,311,500		3,326,622
	Sinopec Kantons Holdings Ltd.		4,512,000		1,717,927
*	Sinopec Oilfield Service Corp., Class H		8,288,000		796,681
	Sinopec Shanghai Petrochemical Co. Ltd., Class H		12,030,000		2,807,028
	Sinopharm Group Co. Ltd., Class H		3,858,800		9,162,773
	Sino-Platinum Metals Co. Ltd., Class A		96,142		343,166
#	Sinosoft Technology Group Ltd.		2,214,599		290,417
	Sinosteel Engineering & Technology Co. Ltd., Class A		507,700		577,378
	Sinotrans Ltd., Class H		9,194,000		3,022,267
	Sinotruk Hong Kong Ltd.		2,594,500		3,581,126
	Skyfame Realty Holdings Ltd.		14,654,000		1,729,281
	Skyworth Digital Co. Ltd., Class A		395,946		448,113
*	Skyworth Group Ltd.		6,550,266		3,649,235
	Smoore International Holdings Ltd.		15,232,000		43,266
# *	SOHO China Ltd.		10,147,000		2,577,255
# *	Sohu.com Ltd., ADR		62,319		1,262,583
*	Solargiga Energy Holdings Ltd.		5,471,000		351,544
*	Sou Yu Te Group Co. Ltd., Class A		1,059,193		243,212
*	South Manganese Investment Ltd.		2,312,000		365,288
# *	So-Young International, Inc.		48,057		189,825
*	Sparkle Roll Group Ltd.		7,624,000		175,869
*	SPT Energy Group, Inc.		488,000		19,302
#	SSY Group Ltd.		6,505,152		3,090,181

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
*	Starrise Media Holdings Ltd.		550,000	$	10,054
*	Strait Innovation Internet Co. Ltd., Class A		147,000		100,061
	Suchuang Gas Corp. Ltd.		608,000		189,109
#	Sun King Technology Group Ltd.		4,158,000		2,358,076
	Sun-Create Electronics Co. Ltd., Class A		50,300		346,593
	Sunflower Pharmaceutical Group Co. Ltd., Class A		193,200		431,580
	Sunfly Intelligent Technology Co. Ltd., Class A		101,700		192,637
*	Suning Universal Co. Ltd., Class A		239,300		179,324
	Sunresin New Materials Co. Ltd., Class A		77,942		954,520
# * W	Sunshine 100 China Holdings Ltd.		940,000		54,430
	Sunward Intelligent Equipment Co. Ltd., Class A		166,950		211,048
*	Sunwave Communications Co. Ltd., Class A		190,000		157,041
	Suzhou Anjie Technology Co. Ltd., Class A		238,099		513,265
*	Suzhou Chunxing Precision Mechanical Co. Ltd., Class A		362,797		205,632
	Suzhou Gold Mantis Construction Decoration Co. Ltd., Class A		575,700		537,027
	Suzhou Good-Ark Electronics Co. Ltd., Class A		181,300		408,291
	Suzhou Keda Technology Co. Ltd., Class A		109,368		100,379
	Suzhou Secote Precision Electronic Co. Ltd., Class A		47,200		191,541
	Suzhou TFC Optical Communication Co. Ltd., Class A		144,900		580,847
	Symphony Holdings Ltd.		7,730,000		924,291
	T&S Communications Co. Ltd., Class A		66,437		156,228
	Taiji Computer Corp. Ltd., Class A		168,856		736,678
	Tang Palace China Holdings Ltd.		440,000		40,743
	Tangrenshen Group Co. Ltd., Class A		112,227		110,124
	Tangshan Jidong Cement Co. Ltd., Class A		297,436		540,214
	TangShan Port Group Co. Ltd., Class A		1,557,011		649,550
	Tangshan Sanyou Chemical Industries Co. Ltd., Class A		308,900		445,692
*	Taung Gold International Ltd.		60,770,000		194,147
	TCL Electronics Holdings Ltd.		3,563,347		1,932,022
	Telling Telecommunication Holding Co. Ltd., Class A		73,200		273,367
	Ten Pao Group Holdings Ltd.		660,000		163,421
#	Tenfu Cayman Holdings Co. Ltd.		306,000		220,413
††	Tenwow International Holdings Ltd.		4,023,000		73,681
	Three Squirrels, Inc., Class A		73,700		488,975
	Tian An China Investment Co. Ltd.		1,719,000		994,197
	Tian Di Science & Technology Co. Ltd., Class A		1,093,400		714,716
* W	Tian Ge Interactive Holdings Ltd.		2,221,000		254,575
*	Tian Shan Development Holding Ltd.		1,844,000		401,013
#	Tiangong International Co. Ltd.		4,204,000		2,529,177
	Tianjin Capital Environmental Protection Group Co. Ltd., Class H		1,788,000		883,660
	Tianjin Chase Sun Pharmaceutical Co. Ltd., Class A		956,200		609,851
	Tianjin Development Holdings Ltd.		2,298,000		510,158
	Tianjin Guangyu Development Co. Ltd., Class A		405,094		1,059,763
	Tianjin Port Development Holdings Ltd.		12,226,800		1,020,970
	Tianjin ZhongXin Pharmaceutical Group Corp. Ltd., Class A		19,900		83,278
	Tianli Education International Holdings Ltd.		3,929,000		816,890
#	Tianneng Power International Ltd.		2,966,048		3,386,909
*	Tianyun International Holdings Ltd.		1,794,000		329,788
	Tibet Cheezheng Tibetan Medicine Co. Ltd., Class A		13,400		51,853
	Tibet Rhodiola Pharmaceutical Holding Co., Class A		46,400		347,032
	Tibet Summit Resources Co. Ltd., Class A		88,400		421,761
	Tibet Tianlu Co. Ltd., Class A		122,100		121,189
*	Tibet Water Resources Ltd.		9,150,000		589,588
*	Time Watch Investments Ltd.		1,286,000		136,939
	Times China Holdings Ltd.		1,271,000		864,859
	Titan Wind Energy Suzhou Co. Ltd., Class A		244,800		814,711
	Tomson Group Ltd.		2,541,054		619,084
	Tong Ren Tang Technologies Co. Ltd., Class H		2,701,000		1,916,556
*	Tongcheng-Elong Holdings Ltd.		3,294,400		7,342,070

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
*	Tongda Group Holdings Ltd.		26,215,000	$	841,137
*	Tongdao Liepin Group		207,800		296,994
*	Tongding Interconnection Information Co. Ltd., Class A		324,800		199,383
	Tonghua Dongbao Pharmaceutical Co. Ltd., Class A		245,400		466,853
*	Tonghua Golden-Horse Pharmaceutical Industry Co. Ltd., Class A		170,100		101,469
	Tongling Jingda Special Magnet Wire Co. Ltd., Class A		363,380		440,436
	Tongyu Heavy Industry Co. Ltd., Class A		477,553		235,174
#	Top Spring International Holdings Ltd.		1,539,500		232,714
	Topsec Technologies Group, Inc., Class A		194,227		559,482
W	Topsports International Holdings Ltd.		2,639,000		3,205,985
	Towngas China Co. Ltd.		4,873,510		3,345,747
	Transfar Zhilian Co. Ltd., Class A		349,200		446,932
	TravelSky Technology Ltd., Class H		3,103,000		5,797,818
# *	Trigiant Group Ltd.		4,284,000		357,503
††	Trony Solar Holdings Co. Ltd.		1,757,000		0
	TRS Information Technology Corp. Ltd., Class A		71,000		96,257
	Truly International Holdings Ltd.		6,217,573		2,027,089
W	Tsaker Chemical Group Ltd.		1,314,500		273,831
*	Tunghsu Optoelectronic Technology Co. Ltd., Class A		970,900		300,634
*	Tuniu Corp., Sponsored ADR		148,809		197,916
*	Tus Environmental Science & Technology Development Co. Ltd., Class A		360,500		218,240
	Unilumin Group Co. Ltd., Class A		335,700		429,759
	Uni-President China Holdings Ltd.		5,646,000		4,812,033
#	United Energy Group Ltd.		34,254,900		3,030,052
	Valiant Co. Ltd., Class A		182,251		586,327
	Vats Liquor Chain Store Management JSC Ltd., Class A		81,400		500,233
	Vatti Corp. Ltd., Class A		376,947		347,159
W	VCredit Holdings Ltd.		159,400		85,721
	Victory Giant Technology Huizhou Co. Ltd., Class A		227,600		936,160
#	Vinda International Holdings Ltd.		1,506,000		4,152,241
# *	Viomi Technology Co. Ltd., ADR		25,542		112,640
*	Vipshop Holdings Ltd., ADR		519,500		5,797,620
# W	Virscend Education Co. Ltd.		563,000		37,772
	Visual China Group Co. Ltd., Class A		179,300		370,460
	Wangfujing Group Co. Ltd., Class A		161,500		777,596
	Wangneng Environment Co. Ltd., Class A		94,545		238,589
	Wangsu Science & Technology Co. Ltd., Class A		594,400		508,704
#	Want Want China Holdings Ltd.		3,378,000		2,619,792
	Wanxiang Qianchao Co. Ltd., Class A		1,183,762		1,107,290
	Wasion Holdings Ltd.		2,818,000		965,536
	Wasu Media Holding Co. Ltd., Class A		357,024		407,418
	Weifu High-Technology Group Co. Ltd., Class A		168,203		510,253
	Weiqiao Textile Co., Class H		1,940,500		725,204
	Wellhope Foods Co. Ltd., Class A		362,080		518,184
* W	Wenzhou Kangning Hospital Co. Ltd., Class H		15,300		58,160
	West China Cement Ltd.		10,280,000		1,796,324
	Wharf Holdings Ltd.		2,285,000		7,944,418
	Wisdom Education International Holdings Co. Ltd.		3,004,000		514,564
*	Wison Engineering Services Co. Ltd.		1,334,000		69,720
	Wolong Electric Group Co. Ltd., Class A		445,172		1,029,335
	Wondershare Technology Group Co. Ltd., Class A		11,100		73,291
*	Wuhan DDMC Culture & Sports Co. Ltd., Class A		231,500		218,807
	Wuhan Department Store Group Co. Ltd., Class A		234,382		370,222
	Wuhan Fingu Electronic Technology Co. Ltd., Class A		151,800		239,881
	Wuhan Jingce Electronic Group Co. Ltd., Class A		72,094		587,086
*	Wuhan P&S Information Technology Co. Ltd., Class A		405,100		383,520
	Wuhu Token Science Co. Ltd., Class A		519,000		832,927
#	Wuling Motors Holdings Ltd.		1,010,000		211,763
	Wuxi Taiji Industry Co. Ltd., Class A		465,900		582,710

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
# *	XD, Inc.		220,600	$	1,248,742
	XGD, Inc., Class A		155,100		229,825
W	Xiabuxiabu Catering Management China Holdings Co. Ltd.		1,992,500		1,451,830
	Xiamen C & D, Inc., Class A		618,500		773,638
	Xiamen Comfort Science & Technology Group Co. Ltd., Class A		182,400		309,918
	Xiamen International Airport Co. Ltd., Class A		20,400		50,870
	Xiamen International Port Co. Ltd., Class H		4,430,000		493,111
	Xiamen ITG Group Corp. Ltd., Class A		489,000		528,608
	Xiamen Kingdomway Group Co., Class A		140,400		666,667
	Xiamen Meiya Pico Information Co. Ltd., Class A		235,566		566,389
	Xiamen Xiangyu Co. Ltd., Class A		569,400		689,182
	Xi’an Triangle Defense Co. Ltd., Class A		96,600		749,257
	Xiandai Investment Co. Ltd., Class A		421,994		264,082
	Xilinmen Furniture Co. Ltd., Class A		121,000		498,162
	Xingda International Holdings Ltd.		6,538,861		1,485,216
	Xingfa Aluminium Holdings Ltd.		481,000		586,496
*	Xingyuan Environment Technology Co. Ltd., Class A		318,700		161,608
	Xinhua Winshare Publishing & Media Co. Ltd., Class H		2,130,103		1,557,260
	Xinhuanet Co. Ltd., Class A		120,800		333,988
*	Xinji Shaxi Group Co. Ltd.		387,000		48,750
	Xinjiang Communications Construction Group Co. Ltd., Class A		60,700		100,479
	Xinjiang Goldwind Science & Technology Co. Ltd., Class H		2,242,400		5,014,666
	Xinjiang Tianshan Cement Co. Ltd., Class A		354,200		755,208
	Xinjiang Xintai Natural Gas Co. Ltd., Class A		86,188		373,858
*	Xinjiang Xinxin Mining Industry Co. Ltd., Class H		534,000		107,688
	Xinjiang Zhongtai Chemical Co. Ltd., Class A		246,900		407,868
#	Xinte Energy Co. Ltd., Class H		808,400		2,585,550
	Xinxing Ductile Iron Pipes Co. Ltd., Class A		1,045,700		606,536
	Xinyangfeng Agricultural Technology Co. Ltd., Class A		89,200		253,490
#	Xinyi Energy Holdings Ltd.		5,958,000		3,513,071
	Xinyu Iron & Steel Co. Ltd., Class A		577,800		533,742
	Xinyuan Real Estate Co. Ltd., ADR		63,735		73,295
#	Xtep International Holdings Ltd.		5,708,141		7,465,089
	Xuji Electric Co. Ltd., Class A		341,300		1,056,867
*	Xunlei Ltd., ADR		212,469		620,409
W	Yadea Group Holdings Ltd.		4,848,000		8,329,692
*	YaGuang Technology Group Co. Ltd., Class A		278,300		372,144
*	Yanchang Petroleum International Ltd.		12,940,000		131,208
	Yango Group Co. Ltd., Class A		925,000		465,026
W	Yangtze Optical Fibre & Cable Joint Stock Ltd. Co., Class H		375,000		631,529
	Yangzhou Yangjie Electronic Technology Co. Ltd., Class A		73,300		583,462
	Yantai Changyu Pioneer Wine Co. Ltd., Class A		36,600		180,492
	Yantai Dongcheng Pharmaceutical Co. Ltd., Class A		173,113		375,226
	YanTai Shuangta Food Co. Ltd., Class A		319,000		454,975
	Yantai Tayho Advanced Materials Co. Ltd., Class A		156,934		441,190
	Yanzhou Coal Mining Co. Ltd., Class H		2,682,000		3,978,096
*	Yashili International Holdings Ltd.		5,168,000		379,163
	YGSOFT, Inc., Class A		181,000		191,883
# * W	YiChang HEC ChangJiang Pharmaceutical Co. Ltd., Class H		851,800		398,247
*	Yida China Holdings Ltd.		1,148,000		149,340
	Yifan Pharmaceutical Co. Ltd., Class A		265,766		680,724
#	Yihai International Holding Ltd.		1,546,000		9,055,867
	Yijiahe Technology Co. Ltd., Class A		64,876		566,154
	Yincheng International Holding Co. Ltd.		26,000		9,189
	Yipinhong Pharmaceutical Co. Ltd., Class A		97,380		484,240
	Yip’s Chemical Holdings Ltd.		1,386,000		820,009
*	Yiren Digital Ltd., Sponsored ADR		220,957		693,805
* W	Yixin Group Ltd.		1,892,500		353,655
	Yixintang Pharmaceutical Group Co. Ltd., Class A		123,400		612,488

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Yotrio Group Co. Ltd., Class A		677,800	$	367,099
*	Youzu Interactive Co. Ltd., Class A		314,800		652,109
*	Yuan Heng Gas Holdings Ltd.		772,000		50,392
	Yuexiu Property Co. Ltd.		5,958,456		5,235,631
	Yuexiu Transport Infrastructure Ltd.		4,436,018		2,841,557
	Yunnan Copper Co. Ltd., Class A		370,272		768,706
	Yusys Technologies Co. Ltd., Class A		98,900		285,580
	Yuzhou Group Holdings Co. Ltd.		10,683,313		1,164,734
	ZBOM Home Collection Co. Ltd., Class A		100,588		310,770
# *	Zepp Health Corp., ADR		24,510		201,227
#	Zhaojin Mining Industry Co. Ltd., Class H		3,983,000		2,835,725
	Zhejiang Communications Technology Co. Ltd.		463,200		375,923
*	Zhejiang Conba Pharmaceutical Co. Ltd., Class A		612,900		390,287
	Zhejiang Crystal-Optech Co. Ltd., Class A		398,626		980,986
#	Zhejiang Expressway Co. Ltd., Class H		6,240,000		5,535,836
	Zhejiang Garden Bio-Chemical High-tech Co. Ltd., Class A		222,400		463,903
# ††	Zhejiang Glass Co. Ltd.		445,000		0
	Zhejiang Hailiang Co. Ltd., Class A		642,181		1,056,794
	Zhejiang Hangmin Co. Ltd., Class A		354,400		300,926
	Zhejiang Hisoar Pharmaceutical Co. Ltd., Class A		430,830		523,528
	Zhejiang Huace Film & Television Co. Ltd., Class A		502,700		443,343
	Zhejiang Jiahua Energy Chemical Industry Co. Ltd., Class A		287,800		439,905
	Zhejiang Jianfeng Group Co. Ltd., Class A		24,600		43,837
	Zhejiang Jiemei Electronic & Technology Co. Ltd., Class A		147,829		637,509
*	Zhejiang Jingu Co. Ltd., Class A		346,600		382,465
	Zhejiang Jingxin Pharmaceutical Co. Ltd., Class A		287,760		362,460
*	Zhejiang Jinke Tom Culture Industry Co Ltd, Class A		983,168		679,637
	Zhejiang JIULI Hi-tech Metals Co. Ltd., Class A		123,600		243,996
	Zhejiang Medicine Co. Ltd., Class A		338,800		844,633
	Zhejiang Meida Industrial Co. Ltd., Class A		223,540		572,400
	Zhejiang Narada Power Source Co. Ltd., Class A		172,700		304,825
	Zhejiang Orient Financial Holdings Group Co. Ltd., Class A		397,956		253,321
	Zhejiang Runtu Co. Ltd., Class A		306,134		422,967
*	Zhejiang Shibao Co. Ltd., Class H		318,000		60,718
	Zhejiang Southeast Space Frame Co. Ltd., Class A		138,600		241,806
	Zhejiang Tianyu Pharmaceutical Co. Ltd., Class A		84,205		499,019
	Zhejiang Wanfeng Auto Wheel Co. Ltd., Class A		819,420		673,752
	Zhejiang Wanliyang Co. Ltd., Class A		244,570		516,703
	Zhejiang Wanma Co. Ltd., Class A		111,500		122,545
	Zhejiang Xianju Pharmaceutical Co. Ltd., Class A		222,600		383,806
	Zhejiang Xinan Chemical Industrial Group Co. Ltd., Class A		177,073		765,832
	Zhejiang Yankon Group Co. Ltd., Class A		95,500		54,470
	Zhejiang Yasha Decoration Co. Ltd., Class A		389,600		452,360
	Zhejiang Yinlun Machinery Co. Ltd., Class A		50,700		92,403
#	Zhengzhou Coal Mining Machinery Group Co. Ltd., Class H		1,125,600		1,180,546
#	Zhenro Properties Group Ltd.		4,494,000		2,135,953
*	Zhong An Group Ltd.		13,063,800		521,064
# * W	ZhongAn Online P&C Insurance Co. Ltd., Class H		805,800		2,931,064
	Zhongliang Holdings Group Co. Ltd.		421,500		195,358
	Zhongshan Broad Ocean Motor Co. Ltd., Class A		296,300		314,900
	Zhongshan Public Utilities Group Co. Ltd., Class A		485,800		653,983
*	Zhongtian Financial Group Co. Ltd., Class A		1,461,176		573,485
	Zhongyu Gas Holdings Ltd.		1,899,306		1,820,134
# W	Zhou Hei Ya International Holdings Co. Ltd.		2,853,000		2,564,692
#	Zhuguang Holdings Group Co. Ltd.		7,108,000		1,561,017
	Zhuhai Bojay Electronics Co. Ltd., Class A		14,178		113,595
*	Zhuhai Orbita Aerospace Science & Technology Co. Ltd., Class A		172,200		232,870
*	Zhuzhou CRRC Times Electric Co., Class H		1,775,000		8,481,861
	Zibo Qixiang Tengda Chemical Co. Ltd., Class A		246,921		433,623

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
CHINA — (Continued)
*	ZJBC Information Technology Co. Ltd., Class A		201,160	$	98,748
TOTAL CHINA					1,385,529,202
COLOMBIA — (0.2%)
	Bolsa de Valores de Colombia		63,819		166,253
	Celsia SA ESP		2,125,125		2,417,598
	Cementos Argos SA		1,167,347		1,968,448
*	CEMEX Latam Holdings SA		765,979		711,926
*	Corp. Financiera Colombiana SA		289,337		2,279,664
	Grupo Argos SA		33,103		103,729
	Grupo Nutresa SA		98,043		573,043
	Mineros SA		223,012		238,366
	Promigas SA ESP		10,240		20,041
TOTAL COLOMBIA					8,479,068
GREECE — (0.3%)
*	Aegean Airlines SA		141,875		851,146
	Athens Water Supply & Sewage Co. SA		102,231		894,898
	Autohellas Tourist & Trading SA		60,466		557,549
	Bank of Greece		115,124		2,250,033
*	Ellaktor SA		381,229		606,984
*	Fourlis Holdings SA		151,041		671,397
*	GEK Terna Holding Real Estate Construction SA		269,753		3,024,280
	Hellenic Exchanges - Athens Stock Exchange SA		207,822		890,271
	Holding Co. ADMIE IPTO SA		297,838		879,145
*	Intracom Holdings SA		88,449		204,739
*	LAMDA Development SA		150,639		1,241,545
	Mytilineos SA		53,658		980,574
*	Piraeus Financial Holdings SA		1		1
	Piraeus Port Authority SA		29,114		612,946
	Quest Holdings SA		1,995		40,001
	Sarantis SA		142,291		1,436,516
	Terna Energy SA		82,981		1,121,991
	Titan Cement International SA		5,220		90,768
TOTAL GREECE					16,354,784
HONG KONG — (0.2%)
	AKM Industrial Co. Ltd.		1,710,000		241,334
††	Anxin-China Holdings Ltd.		16,347,000		0
#	Atlas Corp.		80,037		1,120,518
	BYD Electronic International Co. Ltd.		638,000		1,893,973
††	Karce International Holdings		1,336,000		0
††	Magnum Uranium Corp.		876,000		0
*	MMG Ltd.		10,970,999		5,067,527
	My Medicare		6,950,000		38,499
††	Realgold Resources Corp.		300,500		0
††	SMI Culture & Travel Group Holdings Ltd.		6,033,814		72,742
#	Sun Art Retail Group Ltd.		1,880,500		1,102,461
††	Tech-Pro, Inc.		43,862,000		72,159
	Texhong Textile Group Ltd.		347,000		517,773
††	Untrade Hosa International		3,700,000		0
††	Untrade Youyuan Holdings		2,698,070		0
††	Untrade. C Fiber Optic		9,639,999		0
††	Untrade.CTEG		18,320,000		150,224
TOTAL HONG KONG					10,277,210

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
HUNGARY — (0.1%)
	Magyar Telekom Telecommunications PLC		1,513,616	$	2,083,736
# *	Opus Global Nyrt		302,678		230,166
	Richter Gedeon Nyrt		71,886		2,014,554
TOTAL HUNGARY					4,328,456
INDIA — (14.8%)
	Aarti Drugs Ltd.		110,812		866,916
	Aarti Industries Ltd.		480,830		6,230,657
	Abbott India Ltd.		15,291		4,084,596
	ACC Ltd.		42,618		1,332,233
	Accelya Solutions India Ltd.		3,300		53,368
	Action Construction Equipment Ltd.		25,734		80,927
	Adani Enterprises Ltd.		453,788		8,641,485
*	Adani Green Energy Ltd.		112,077		1,726,353
*	Adani Power Ltd.		1,979,852		2,705,609
	Adani Total Gas Ltd.		50,749		985,938
*	Adani Transmission Ltd.		278,279		6,639,364
*	Aditya Birla Capital Ltd.		939,391		1,214,052
	Advanced Enzyme Technologies Ltd.		177,226		894,975
	Aegis Logistics Ltd.		508,694		1,439,857
	Agro Tech Foods Ltd.		53,868		707,608
*	Ahluwalia Contracts India Ltd.		27,720		139,393
	AIA Engineering Ltd.		184,927		4,758,342
	Ajanta Pharma Ltd.		102,443		2,864,905
	Akzo Nobel India Ltd.		45,665		1,283,652
	Alembic Ltd.		281,037		391,136
	Alembic Pharmaceuticals Ltd.		204,849		2,132,015
	Alkem Laboratories Ltd.		7,618		366,335
	Alkyl Amines Chemicals		58,896		2,839,952
	Allcargo Logistics Ltd.		227,668		820,392
	Amara Raja Batteries Ltd.		170,639		1,557,108
*	Amber Enterprises India Ltd.		9,759		429,402
	Amrutanjan Health Care Ltd.		11,548		141,303
* ††	Amtek Auto Ltd.		217,501		1,498
	Andhra Sugars Ltd.		2,843		24,296
	Apar Industries Ltd.		1,640		14,921
	Apcotex Industries Ltd.		2,337		12,309
*	APL Apollo Tubes Ltd.		314,090		3,373,774
	Apollo Tyres Ltd.		1,117,624		3,201,649
*	Arvind Fashions Ltd.		207,643		833,059
*	Arvind Ltd.		521,810		919,238
	Asahi India Glass Ltd.		396,040		2,253,607
	Ashiana Housing Ltd.		46,993		113,510
*	Ashoka Buildcon Ltd.		369,747		521,649
	Astec Lifesciences Ltd.		901		15,172
* W	Aster DM Healthcare Ltd.		23,797		59,347
	Astra Microwave Products Ltd.		6,109		18,330
	Astral Ltd.		238,242		6,962,951
	AstraZeneca Pharma India Ltd.		18,233		731,966
	Atul Ltd.		57,896		7,066,352
* W	AU Small Finance Bank Ltd.		111,929		1,830,366
	Automotive Axles Ltd.		15,690		283,900
	Avanti Feeds Ltd.		176,442		1,307,579
	Bajaj Consumer Care Ltd.		362,855		1,126,013
*	Bajaj Electricals Ltd.		67,420		996,303
*	Bajaj Hindusthan Sugar Ltd.		150,408		27,320
	Bajaj Holdings & Investment Ltd.		54,427		3,501,224
	Balaji Amines Ltd.		54,614		2,530,144
	Balkrishna Industries Ltd.		104,848		3,449,505

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
INDIA — (Continued)
	Balmer Lawrie & Co. Ltd.		257,880	$	435,275
	Balrampur Chini Mills Ltd.		537,476		2,360,305
*	Bank of Maharashtra		986,206		274,914
	Bannari Amman Sugars Ltd.		12,765		386,183
	BASF India Ltd.		50,378		2,192,957
	Bata India Ltd.		151,365		4,018,493
	Bayer CropScience Ltd.		8,516		567,696
	BEML Ltd.		45,573		979,667
*	BF Utilities Ltd.		68,928		375,675
	Bhansali Engineering Polymers Ltd.		235,301		560,929
	Bharat Dynamics Ltd.		23,234		125,761
	Bharat Electronics Ltd.		1,795,899		4,990,267
	Bharat Forge Ltd.		646,033		6,701,412
*	Bharat Heavy Electricals Ltd.		3,038,830		2,774,103
	Bharat Rasayan Ltd.		2,908		397,184
	Birla Corp. Ltd.		96,625		1,967,755
	Birlasoft Ltd.		519,443		2,838,663
	Bliss Gvs Pharma Ltd.		133,346		197,871
	Blue Dart Express Ltd.		18,677		1,664,436
	Blue Star Ltd.		60,155		774,669
	Bodal Chemicals Ltd.		82,131		134,968
	Bombay Burmah Trading Co.		3,166		45,661
	Brigade Enterprises Ltd.		285,592		1,794,692
	BSE Ltd.		86,077		1,523,577
*	Camlin Fine Sciences Ltd.		46,565		103,497
	Can Fin Homes Ltd.		180,322		1,512,980
*	Canara Bank		960,129		2,755,303
*	Capacit’e Infraprojects Ltd.		15,657		34,765
	Caplin Point Laboratories Ltd.		85,922		939,719
	Carborundum Universal Ltd.		256,110		2,878,968
	Care Ratings Ltd.		39,782		363,163
	Castrol India Ltd.		540,366		1,005,147
	CCL Products India Ltd.		318,730		1,635,886
	Ceat Ltd.		89,666		1,505,949
*	Central Bank of India		402,007		118,057
	Central Depository Services India Ltd.		209,455		3,786,051
	Century Enka Ltd.		1,670		9,912
	Century Plyboards India Ltd.		218,215		1,578,323
	Century Textiles & Industries Ltd.		132,186		1,387,063
	Cera Sanitaryware Ltd.		19,017		1,312,976
	CESC Ltd.		2,266,713		2,644,635
*	CG Power & Industrial Solutions Ltd.		288,948		574,379
	Chambal Fertilizers & Chemicals Ltd.		574,017		2,848,419
*	Chennai Petroleum Corp. Ltd.		157,831		258,388
††	Chennai Super Kings Cricket Ltd.		1,658,632		9,345
	Cholam&alam Investment & Finance Co. Ltd.		288,927		2,414,754
	Cholamandalam Financial Holdings Ltd.		415,288		3,889,754
	Cigniti Technologies Ltd.		1,427		11,311
	City Union Bank Ltd.		1,352,498		3,078,904
	Clariant Chemicals India Ltd.		3,864		28,429
W	Cochin Shipyard Ltd.		43,308		202,726
	Coforge Ltd.		102,611		6,671,123
	Container Corp. Of India Ltd.		290,852		2,559,772
	Coromandel International Ltd.		417,893		4,388,554
	Cosmo Films Ltd.		3,855		81,645
*	CreditAccess Grameen Ltd.		32,757		273,537
	CRISIL Ltd.		62,820		2,336,482
	Crompton Greaves Consumer Electricals Ltd.		1,658,783		10,335,675
*	CSB Bank Ltd.		19,944		78,739

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
INDIA — (Continued)
	Cummins India Ltd.		296,857	$	3,559,109
	Cyient Ltd.		200,222		2,855,645
	Dalmia Bharat Ltd.		172,890		4,657,268
	DB Corp. Ltd.		23,065		30,246
*	DCB Bank Ltd.		611,934		745,816
	DCM Shriram Ltd.		147,632		1,949,628
*	DCW Ltd.		29,310		18,626
	Deepak Fertilisers & Petrochemicals Corp. Ltd.		187,415		1,010,878
	Deepak Nitrite Ltd.		174,205		5,214,441
	Delta Corp. Ltd.		446,857		1,555,503
	Dhampur Sugar Mills Ltd.		121,578		479,898
*	Dhani Services Ltd.		829,986		1,997,061
*	Dhani Services Ltd.		152,225		178,894
	Dhanuka Agritech Ltd.		48,377		471,989
W	Dilip Buildcon Ltd.		141,880		1,139,434
*	Dish TV India Ltd.		3,193,725		739,803
*	Dishman Carbogen Amcis Ltd.		240,366		662,397
	Dixon Technologies India Ltd.		85,119		5,664,082
	Dollar Industries Ltd.		2,458		14,479
W	Dr Lal PathLabs Ltd.		101,243		4,784,430
*	DRC Systems India Ltd.		2,155		11,421
	Dwarikesh Sugar Industries Ltd.		18,999		18,062
*	Dynamatic Technologies Ltd.		951		33,945
	eClerx Services Ltd.		73,711		2,160,903
	Edelweiss Financial Services Ltd.		1,553,368		1,608,019
*	EID Parry India Ltd.		281,864		1,722,499
*	EIH Ltd.		598,761		1,111,031
	Electrosteel Castings Ltd.		47,670		21,504
	Elgi Equipments Ltd.		507,928		1,356,025
	Emami Ltd.		349,611		2,508,051
W	Endurance Technologies Ltd.		48,653		1,190,063
	Engineers India Ltd.		716,970		697,903
	EPL Ltd.		171,552		493,657
W	Eris Lifesciences Ltd.		83,281		924,373
	ESAB India Ltd.		694		23,574
	Escorts Ltd.		236,044		4,997,212
*	Eveready Industries India Ltd.		38,096		182,531
	Excel Industries Ltd.		3,403		43,632
	Exide Industries Ltd.		1,080,287		2,498,569
*	FDC Ltd.		195,183		835,312
	Federal Bank Ltd.		5,403,697		7,071,202
	Filatex India Ltd.		21,840		29,240
	Fine Organic Industries Ltd.		3,391		149,741
	Finolex Cables Ltd.		300,577		1,886,116
	Finolex Industries Ltd.		955,420		2,811,731
	Firstsource Solutions Ltd.		1,207,770		3,210,041
	Force Motors Ltd.		4,465		84,195
*	Fortis Healthcare Ltd.		1,890,061		6,181,514
*	Future Consumer Ltd.		175,333		16,450
*	Future Lifestyle Fashions Ltd.		116,022		85,390
	Gabriel India Ltd.		234,396		482,421
	Galaxy Surfactants Ltd.		7,964		335,061
	Garware Technical Fibres Ltd.		38,536		1,740,649
	Gateway Distriparks Ltd.		244,719		916,274
*	Gati Ltd.		17,219		31,967
*	Gayatri Projects Ltd.		54,223		31,324
	GE Power India Ltd.		6,980		27,014
*	GE T&D India Ltd.		196,502		336,643
* W	General Insurance Corp. of India		11,497		20,484

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
INDIA — (Continued)
	Genus Power Infrastructures Ltd.		33,133	$	29,966
	Geojit Financial Services Ltd.		15,662		16,969
	GHCL Ltd.		175,153		988,511
	Gillette India Ltd.		16,462		1,244,848
	GlaxoSmithKline Pharmaceuticals Ltd.		21,643		434,056
	Glenmark Pharmaceuticals Ltd.		556,483		3,753,869
	GMM Pfaudler Ltd.		2,654		166,644
	Godawari Power & Ispat Ltd.		7,038		33,455
	Godawari Power & Ispat Ltd.		7,038		33,425
	Godfrey Phillips India Ltd.		49,582		861,385
W	Godrej Agrovet Ltd.		12,939		102,449
*	Godrej Industries Ltd.		222,237		1,726,970
	Goodyear India Ltd.		1,193		16,196
	Granules India Ltd.		511,431		2,127,905
	Graphite India Ltd.		52,686		376,491
	Great Eastern Shipping Co. Ltd.		307,104		1,336,401
	Greaves Cotton Ltd.		339,261		607,565
*	Greenpanel Industries Ltd.		19,354		100,043
	Greenply Industries Ltd.		57,080		160,296
	Grindwell Norton Ltd.		105,759		2,285,362
*	GTL Infrastructure Ltd.		763,233		14,817
	Gujarat Alkalies & Chemicals Ltd.		126,178		1,270,428
	Gujarat Ambuja Exports Ltd.		245,581		537,935
*	Gujarat Fluorochemicals Ltd.		159,893		3,909,211
	Gujarat Gas Ltd.		245,213		2,048,645
	Gujarat Industries Power Co. Ltd.		151,680		174,783
	Gujarat Mineral Development Corp. Ltd.		59,310		58,841
	Gujarat Narmada Valley Fertilizers & Chemicals Ltd.		218,381		1,340,081
	Gujarat Pipavav Port Ltd.		1,029,718		1,541,876
	Gujarat State Fertilizers & Chemicals Ltd.		444,767		786,881
	Gujarat State Petronet Ltd.		776,471		3,162,368
	Gulf Oil Lubricants India Ltd.		57,445		446,089
	Hatsun Agro Product Ltd.		100,180		1,789,407
	HEG Ltd.		14,568		400,501
	HeidelbergCement India Ltd.		253,895		810,416
*	Hemisphere Properties India Ltd.		216,014		391,309
	Heritage Foods Ltd.		51,381		358,366
	Hester Biosciences Ltd.		11,114		360,492
	HFCL Ltd.		2,327,451		2,243,560
	HG Infra Engineering Ltd.		4,793		47,170
	Hikal Ltd.		227,464		1,736,119
	HIL Ltd.		14,909		896,639
	Himadri Speciality Chemical Ltd.		539,750		379,321
	Himatsingka Seide Ltd.		17,458		58,927
	Hinduja Global Solutions Ltd.		41,244		1,488,493
	Hindustan Aeronautics Ltd.		8,128		143,059
*	Hindustan Construction Co. Ltd.		1,697,817		214,882
*	Hindustan Oil Exploration Co. Ltd.		233,218		525,713
	Hindustan Petroleum Corp. Ltd.		64,482		268,487
	Hle Glascoat Ltd.		662		57,462
	Honda India Power Products Ltd.		12,211		216,541
	Honeywell Automation India Ltd.		3,922		2,213,157
	HSIL Ltd.		3,466		11,073
	Huhtamaki India Ltd.		86,236		275,542
	I G Petrochemicals Ltd.		1,676		18,758
W	ICICI Securities Ltd.		136,551		1,355,646
	ICRA Ltd.		3,553		163,300
*	IDFC First Bank Ltd.		896,604		596,215
*	IDFC Ltd.		4,285,159		3,187,932

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
INDIA — (Continued)
*	IFB Industries Ltd.		33,130	$	557,386
*	IFCI Ltd.		2,660,719		435,146
	Igarashi Motors India Ltd.		2,487		17,010
	IIFL Finance Ltd.		647,781		2,822,586
	IIFL Securities Ltd.		10,501		13,620
	IIFL Wealth Management Ltd.		174,961		3,812,636
	India Cements Ltd.		500,642		1,381,125
	India Glycols Ltd.		52,227		588,535
	Indiabulls Housing Finance Ltd.		947,333		2,751,966
*	Indiabulls Real Estate Ltd.		762,900		1,557,221
W	IndiaMart InterMesh Ltd.		8,434		804,778
	Indian Bank		206,908		475,279
W	Indian Energy Exchange Ltd.		112,960		1,071,627
	Indian Hotels Co. Ltd.		2,493,448		6,666,161
	Indian Hume Pipe Co. Ltd.		35,244		89,931
	Indo Count Industries Ltd.		128,366		419,517
	Indoco Remedies Ltd.		116,505		723,738
	Indraprastha Gas Ltd.		48,406		308,061
	INEOS Styrolution India Ltd.		15,206		304,005
	Infibeam Avenues Ltd.		1,367,654		823,329
	Ingersoll Rand India Ltd.		1,942		29,105
*	Inox Leisure Ltd.		130,076		730,427
*	Inox Wind Ltd.		13,817		22,012
	Insecticides India Ltd.		1,622		13,906
*	Intellect Design Arena Ltd.		266,263		2,330,342
	IOL Chemicals & Pharmaceuticals Ltd.		18,557		137,988
	Ipca Laboratories Ltd.		215,846		6,210,524
*	IRB Infrastructure Developers Ltd.		524,257		1,627,198
W	IRCON International Ltd.		189,570		119,685
	ITD Cementation India Ltd.		280,853		306,458
*	ITI Ltd.		84,370		133,350
	J Kumar Infraprojects Ltd.		45,943		93,005
*	Jagran Prakashan Ltd.		317,419		263,735
	Jai Corp. Ltd.		117,016		188,622
*	Jaiprakash Associates Ltd.		91,926		10,460
*	Jaiprakash Power Ventures Ltd.		12,195,645		717,992
*	Jammu & Kashmir Bank Ltd.		122,877		66,034
	Jamna Auto Industries Ltd.		596,709		781,301
	JB Chemicals & Pharmaceuticals Ltd.		148,908		3,323,443
	JBM Auto Ltd.		1,852		14,890
	Jindal Poly Films Ltd.		81,146		1,029,401
	Jindal Saw Ltd.		598,771		916,431
*	Jindal Stainless Hisar Ltd.		345,046		1,548,050
*	Jindal Stainless Ltd.		582,321		1,503,111
	JK Cement Ltd.		135,399		6,035,846
	JK Lakshmi Cement Ltd.		168,988		1,395,989
	JK Paper Ltd.		300,392		906,502
	JK Tyre & Industries Ltd.		377,147		731,269
	JM Financial Ltd.		1,500,361		1,783,231
	JMC Projects India Ltd.		170,972		249,542
*	Johnson Controls-Hitachi Air Conditioning India Ltd.		33,361		925,827
	JSW Energy Ltd.		1,273,180		5,845,933
	JTEKT India Ltd.		143,939		189,894
	Jubilant Ingrevia Ltd.		471,668		4,223,214
	Jubilant Pharmova Ltd.		286,182		2,277,516
*	Just Dial Ltd.		29,348		313,996
	Jyothy Labs Ltd.		475,110		995,927
	Kajaria Ceramics Ltd.		308,338		5,042,795
	Kalpataru Power Transmission Ltd.		229,449		1,284,391

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
INDIA — (Continued)
	Kalyani Steels Ltd.		73,704	$	363,984
	Kansai Nerolac Paints Ltd.		99,858		728,405
	Karnataka Bank Ltd.		603,498		549,400
	Karur Vysya Bank Ltd.		1,452,983		953,408
	Kaveri Seed Co. Ltd.		83,707		585,952
	KCP Ltd.		11,658		20,533
	KEC International Ltd.		353,455		2,272,794
	KEI Industries Ltd.		210,092		2,574,296
	Kennametal India Ltd.		970		17,957
*	Kesoram Industries Ltd.		43,822		37,315
	Kiri Industries Ltd.		64,078		415,938
	Kirloskar Brothers Ltd.		2,048		10,917
	Kirloskar Ferrous Industries Ltd.		17,138		54,057
	Kirloskar Oil Engines Ltd.		213,465		580,837
	KNR Constructions Ltd.		362,592		1,360,021
*	Kolte-Patil Developers Ltd.		27,628		114,334
	KPIT Technologies Ltd.		697,657		2,880,905
	KPR Mill Ltd.		468,648		2,833,759
	KRBL Ltd.		191,422		723,790
	KSB Ltd.		42,131		744,510
*	L&T Finance Holdings Ltd.		2,631,693		2,905,072
W	L&T Technology Services Ltd.		24,414		1,545,614
	LA Opala RG Ltd.		131,747		515,148
	Lakshmi Machine Works Ltd.		12,187		1,426,289
W	Laurus Labs Ltd.		837,166		5,786,001
* W	Lemon Tree Hotels Ltd.		451,438		329,564
	LG Balakrishnan & Bros Ltd.		46,615		314,260
	LIC Housing Finance Ltd.		965,081		5,261,949
	Linde India Ltd.		83,497		2,570,278
	LT Foods Ltd.		536,552		500,368
	Lumax Industries Ltd.		1,862		33,676
	LUX Industries Ltd.		30,992		1,480,402
	Mahanagar Gas Ltd.		195,326		2,620,807
	Maharashtra Scooters Ltd.		8,849		524,426
	Maharashtra Seamless Ltd.		98,993		648,054
	Mahindra & Mahindra Financial Services Ltd.		1,801,604		4,355,517
*	Mahindra CIE Automotive Ltd.		434,548		1,565,150
*	Mahindra Holidays & Resorts India Ltd.		241,792		740,722
*	Mahindra Lifespace Developers Ltd.		299,080		1,092,026
W	Mahindra Logistics Ltd.		25,164		216,900
	Maithan Alloys Ltd.		6,596		93,446
	Man Infraconstruction Ltd.		8,996		14,884
	Manappuram Finance Ltd.		1,034,392		2,881,771
	Mangalam Cement Ltd.		2,502		14,091
*	Mangalore Refinery & Petrochemicals Ltd.		640,392		421,246
	Marksans Pharma Ltd.		675,884		597,253
W	MAS Financial Services Ltd.		26,334		267,022
	Mastek Ltd.		33,677		1,253,890
*	Max Financial Services Ltd.		202,845		2,634,973
*	Max Healthcare Institute Ltd.		794,712		3,521,085
	Mayur Uniquoters Ltd.		66,332		382,659
*	Meghmani Finechem Ltd.		47,103		555,442
	Meghmani Organics Ltd.		501,099		731,092
W	Metropolis Healthcare Ltd.		25,099		993,151
	Minda Corp. Ltd.		16,193		33,985
	Minda Industries Ltd.		237,168		2,483,043
	Mindtree Ltd.		12,303		743,970
W	Mishra Dhatu Nigam Ltd.		20,660		51,022
	MM Forgings Ltd.		1,242		14,183

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
INDIA — (Continued)
	MOIL Ltd.		267,617	$	558,574
*	Morepen Laboratories Ltd.		893,603		603,025
	Motilal Oswal Financial Services Ltd.		135,977		1,663,295
	Mphasis Ltd.		249,485		10,818,021
	MRF Ltd.		770		797,127
	MSTC Ltd.		1,340		7,008
	Multi Commodity Exchange of India Ltd.		24,265		552,179
	Natco Pharma Ltd.		372,475		4,121,017
	National Aluminium Co. Ltd.		2,223,972		2,889,337
	Nava Bharat Ventures Ltd.		237,619		365,396
	Navin Fluorine International Ltd.		67,419		3,010,955
	Navneet Education Ltd.		330,834		466,839
	NBCC India Ltd.		1,986,749		1,190,958
	NCC Ltd.		1,000,407		956,098
	NELCO Ltd.		5,489		54,805
	Neogen Chemicals Ltd.		710		11,319
	NESCO Ltd.		80,761		659,427
*	Network18 Media & Investments Ltd.		31,388		32,586
	Neuland Laboratories Ltd.		1,339		29,872
	NHPC Ltd.		1,936,277		799,793
	NIIT Ltd.		316,922		1,267,830
	Nilkamal Ltd.		21,336		676,825
	NLC India Ltd.		685,573		585,578
	NOCIL Ltd.		306,966		1,098,283
	NRB Bearings Ltd.		160,550		276,578
	Nucleus Software Exports Ltd.		30,339		235,854
*	Oberoi Realty Ltd.		302,921		3,686,472
	Oil India Ltd.		931,898		2,796,543
*	Olectra Greentech Ltd.		10,905		82,690
*	Omaxe Ltd.		162,081		160,482
	OnMobile Global Ltd.		13,427		20,125
	Oracle Financial Services Software Ltd.		11,744		692,300
	Orient Cement Ltd.		376,080		817,471
	Orient Electric Ltd.		276,513		1,279,588
	Oriental Aromatics Ltd.		1,780		18,509
	Oriental Carbon & Chemicals Ltd.		13,160		181,400
	Page Industries Ltd.		3,798		1,912,235
	Paisalo Digital Ltd.		15,650		196,036
	Panama Petrochem Ltd.		6,326		22,610
W	Parag Milk Foods Ltd.		51,607		93,262
	Persistent Systems Ltd.		231,687		12,169,563
	Petronet LNG Ltd.		84,692		260,503
	Pfizer Ltd.		35,677		2,403,074
	Phillips Carbon Black Ltd.		277,657		818,377
	Phoenix Mills Ltd.		338,332		4,327,823
	PI Industries Ltd.		62,867		2,522,169
* W	PNB Housing Finance Ltd.		238,767		1,545,110
	PNC Infratech Ltd.		150,913		655,951
	Poly Medicure Ltd.		70,966		881,748
	Polyplex Corp. Ltd.		57,415		1,297,429
*	Poonawalla Fincorp Ltd.		89,340		198,977
	Power Finance Corp. Ltd.		503,564		896,818
*	Power Mech Projects Ltd.		872		11,500
	Praj Industries Ltd.		365,363		1,632,119
*	Prakash Industries Ltd.		20,265		17,718
W	Prataap Snacks Ltd.		769		7,051
	Prestige Estates Projects Ltd.		560,565		3,214,450
*	Pricol Ltd.		14,751		19,172
	Prince Pipes & Fittings Ltd.		29,439		288,023

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
INDIA — (Continued)
*	Prism Johnson Ltd.		485,151	$	779,271
	Privi Speciality Chemicals Ltd.		1,302		27,998
	Procter & Gamble Health Ltd.		29,783		2,175,195
	PSP Projects Ltd.		13,842		95,211
*	PTC India Financial Services Ltd.		839,507		217,725
	PTC India Ltd.		662,905		1,127,411
*	PVR Ltd.		155,835		3,510,236
W	Quess Corp. Ltd.		89,506		1,036,221
W	Quick Heal Technologies Ltd.		5,285		15,758
	Radico Khaitan Ltd.		287,537		4,316,900
	Rain Industries Ltd.		453,064		1,381,980
	Rajesh Exports Ltd.		235,693		2,010,431
	Rallis India Ltd.		292,613		1,036,884
	Ramco Cements Ltd.		304,449		4,350,935
	Ramco Industries Ltd.		129,366		489,690
	Ramkrishna Forgings Ltd.		3,855		56,284
*	Rane Holdings Ltd.		1,914		15,400
	Rashtriya Chemicals & Fertilizers Ltd.		598,796		616,151
	Ratnamani Metals & Tubes Ltd.		61,712		1,772,614
*	Raymond Ltd.		130,574		796,106
* W	RBL Bank Ltd.		1,178,715		2,859,707
	REC Ltd.		2,621,267		5,248,686
	Redington India Ltd.		2,485,256		4,815,455
	Relaxo Footwears Ltd.		153,667		2,734,693
	Reliance Industrial Infrastructure Ltd.		3,886		33,679
*	Reliance Power Ltd.		2,831,392		536,191
*	Religare Enterprises Ltd.		66,465		150,382
	Repco Home Finance Ltd.		52,378		188,689
	Rhi Magnesita India Ltd.		141,535		655,405
	RITES Ltd.		16,665		62,918
*	RPSG Ventures Ltd.		911		9,469
	Sagar Cements Ltd.		8,002		30,208
*	Sanghi Industries Ltd.		13,652		12,128
	Sanofi India Ltd.		31,173		3,467,197
	Sarda Energy & Minerals Ltd.		2,995		33,238
	Saregama India Ltd.		982		53,324
	Sasken Technologies Ltd.		14,843		245,929
	Savita Oil Technologies Ltd.		2,745		50,806
	Schaeffler India Ltd.		32,501		3,205,129
*	Schneider Electric Infrastructure Ltd.		78,567		111,487
	SEAMEC Ltd.		886		13,991
	Sequent Scientific Ltd.		244,159		623,855
W	SH Kelkar & Co. Ltd.		11,602		24,594
	Sharda Cropchem Ltd.		84,617		348,800
*	Sheela Foam Ltd.		2,200		72,868
	Shilpa Medicare Ltd.		123,440		969,562
	Shipping Corp. of India Ltd.		536,426		917,892
*	Shoppers Stop Ltd.		107,780		500,517
*	Shree Renuka Sugars Ltd.		684,217		248,603
	Shriram City Union Finance Ltd.		64,781		1,873,788
	Shriram Transport Finance Co. Ltd.		393,021		7,637,654
*	SIS Ltd.		14,752		92,097
	Siyaram Silk Mills Ltd.		2,146		13,347
	SKF India Ltd.		80,919		3,600,475
	Sobha Ltd.		157,581		1,622,671
	Solar Industries India Ltd.		107,818		3,588,406
	Solara Active Pharma Sciences Ltd.		13,202		220,113
	Somany Ceramics Ltd.		5,904		60,419
	Somany Home Innovation Ltd.		143,891		862,548

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
INDIA — (Continued)
	Sonata Software Ltd.		187,087	$	2,108,446
*	South Indian Bank Ltd.		3,518,032		443,067
	SRF Ltd.		64,575		1,833,639
	Srikalahasthi Pipes Ltd.		80,058		206,596
*	Star Cement Ltd.		22,119		29,750
*	Sterling & Wilson Solar Ltd.		46,227		268,675
	Sterlite Technologies Ltd.		525,634		1,936,724
	Strides Pharma Science Ltd.		224,506		1,606,959
	Subros Ltd.		96,064		468,085
	Sudarshan Chemical Industries		102,209		784,759
	Sumitomo Chemical India Ltd.		124,491		630,033
	Sun TV Network Ltd.		271,329		2,034,726
	Sundaram Finance Holdings Ltd.		80,225		83,368
	Sundaram Finance Ltd.		88,088		2,830,875
	Sundaram-Clayton Ltd.		7,031		361,092
	Sundram Fasteners Ltd.		326,113		3,645,076
	Sunteck Realty Ltd.		194,027		1,189,208
	Suprajit Engineering Ltd.		225,866		1,040,628
	Supreme Industries Ltd.		217,007		6,840,554
	Supreme Petrochem Ltd.		156,569		1,323,370
	Sutlej Textiles & Industries Ltd.		5,656		5,233
	Suven Pharmaceuticals Ltd.		785,534		5,328,439
*	Suvidhaa Infoserve Ltd.		116,579		19,519
	Swan Energy Ltd.		76,621		130,361
	Swaraj Engines Ltd.		20,114		465,597
	Symphony Ltd.		60,505		839,860
* W	Syngene International Ltd.		435,570		3,161,225
	Tanla Platforms Ltd.		55,994		916,791
*	TARC Ltd.		106,825		62,510
	Tasty Bite Eatables Ltd.		673		148,431
	Tata Chemicals Ltd.		342,050		4,133,444
	Tata Consumer Products Ltd.		189,704		2,062,178
	Tata Elxsi Ltd.		97,195		7,632,072
	Tata Metaliks Ltd.		56,536		723,453
	Tata Power Co. Ltd.		4,179,112		12,094,135
*	Tata Steel BSL Ltd.		185,658		214,903
	Tata Steel Long Products Ltd.		44,632		505,435
	TCI Express Ltd.		60,624		1,477,056
	TD Power Systems Ltd.		3,296		14,815
	Techno Electric & Engineering Co. Ltd.		203,843		715,074
	Thermax Ltd.		151,205		2,810,865
	Thirumalai Chemicals Ltd.		33,946		120,909
*	Thomas Cook India Ltd.		66,291		63,111
W	Thyrocare Technologies Ltd.		75,263		1,153,491
	Tide Water Oil Co. India Ltd.		28,694		630,931
	Time Technoplast Ltd.		390,193		363,389
	Timken India Ltd.		87,403		2,108,910
	Tinplate Co. of India Ltd.		109,549		428,493
*	Titagarh Wagons Ltd.		21,321		26,929
	Torrent Power Ltd.		586,577		3,932,758
	Tourism Finance Corp. of India Ltd.		15,986		14,154
	Transport Corp. of India Ltd.		98,011		825,132
	Trident Ltd.		4,861,665		2,475,784
	Triveni Engineering & Industries Ltd.		330,865		841,294
	Triveni Turbine Ltd.		402,479		1,042,979
	TTK Prestige Ltd.		15,684		2,292,920
	Tube Investments of India Ltd.		445,137		8,319,447
	TV Today Network Ltd.		92,830		388,292
*	TV18 Broadcast Ltd.		1,876,052		1,046,435

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
INDIA — (Continued)
	TVS Motor Co. Ltd.		359,838	$	3,191,564
	TVS Srichakra Ltd.		12,766		394,059
*	UCO Bank		1,409,767		273,159
	Uflex Ltd.		129,049		978,028
	Unichem Laboratories Ltd.		130,169		416,315
*	Union Bank of India		1,755,363		1,088,301
*	Usha Martin Ltd.		83,066		97,947
*	VA Tech Wabag Ltd.		85,358		363,989
	Vaibhav Global Ltd.		257,258		1,980,643
	Vakrangee Ltd.		737,146		364,323
W	Valiant Organics Ltd.		2,782		49,168
	Vardhman Textiles Ltd.		97,653		2,545,940
* W	Varroc Engineering Ltd.		13,628		53,647
	Varun Beverages Ltd.		196,288		2,228,917
	Venky’s India Ltd.		21,527		789,535
	Vesuvius India Ltd.		10,589		152,232
	V-Guard Industries Ltd.		577,855		1,977,849
	Vinati Organics Ltd.		98,975		2,516,730
	Vindhya Telelinks Ltd.		15,392		230,843
	Visaka Industries Ltd.		1,238		9,872
*	V-Mart Retail Ltd.		25,169		1,360,891
*	Vodafone Idea Ltd.		26,426,231		3,348,252
	Voltamp Transformers Ltd.		1,001		20,083
	VRL Logistics Ltd.		110,160		552,448
	VST Industries Ltd.		21,185		937,564
	VST Tillers Tractors Ltd.		13,719		532,402
	Welspun Corp. Ltd.		436,397		783,643
	Welspun Enterprises Ltd.		268,991		353,517
	Welspun India Ltd.		1,577,394		2,925,952
	West Coast Paper Mills Ltd.		119,976		403,422
	Wheels India Ltd.		4,642		43,912
	Whirlpool of India Ltd.		71,984		2,134,116
*	Wockhardt Ltd.		137,826		786,491
*	Yes Bank Ltd.		237,637		40,606
	Zee Entertainment Enterprises Ltd.		2,031,434		8,203,858
*	Zee Media Corp. Ltd.		80,630		12,932
	Zensar Technologies Ltd.		343,925		2,133,793
	Zydus Wellness Ltd.		12,915		353,673
TOTAL INDIA					781,920,656
INDONESIA — (1.7%)
	Ace Hardware Indonesia Tbk PT		19,988,600		1,991,994
*	Adhi Karya Persero Tbk PT		7,010,888		520,410
*	Adi Sarana Armada Tbk PT		4,344,900		974,631
*	Agung Semesta Sejahtera Tbk PT		38,971,700		137,539
	AKR Corporindo Tbk PT		5,978,700		1,803,885
*	Alam Sutera Realty Tbk PT		41,931,800		539,421
* ††	Armidian Karyatama Tbk PT		844,800		559
	Arwana Citramulia Tbk PT		18,420,300		1,123,802
	Ashmore Asset Management Indonesia Tbk PT		44,200		11,742
	Astra Agro Lestari Tbk PT		1,799,800		1,364,712
	Astra Otoparts Tbk PT		2,832,700		226,099
*	Asuransi Maximus Graha Persada Tbk PT		8,900,400		193,200
* ††	Bakrie Telecom Tbk PT		49,756,298		32,925
	Bank BTPN Syariah Tbk PT		3,361,400		903,996
*	Bank Bukopin Tbk PT		27,589,892		834,853
*	Bank Capital Indonesia Tbk PT		4,689,100		100,394
*	Bank Ina Perdana PT		6,723,800		1,885,305
*	Bank Mayapada International Tbk PT		512,200		28,199

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
INDONESIA — (Continued)
	Bank Maybank Indonesia Tbk PT		11,909,200	$	282,416
*	Bank Nationalnobu Tbk PT		441,700		30,061
*	Bank Pan Indonesia Tbk PT		17,158,900		956,258
	Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		9,220,400		927,773
	Bank Pembangunan Daerah Jawa Timur Tbk PT		12,116,300		667,386
*	Bank Tabungan Negara Persero Tbk PT		14,431,549		1,815,199
	Barito Pacific Tbk PT		423,800		28,041
*	Bekasi Fajar Industrial Estate Tbk PT		18,707,300		171,618
	BFI Finance Indonesia Tbk PT		15,465,100		1,147,223
*	Bintang Oto Global Tbk PT		8,093,400		859,739
	BISI International Tbk PT		8,589,500		617,989
	Blue Bird Tbk PT		345,400		36,112
*	Buana Lintas Lautan Tbk PT		14,229,900		257,405
	Bukit Asam Tbk PT		7,524,100		1,424,029
*	Bumi Serpong Damai Tbk PT		12,327,600		967,708
*	Bumi Teknokultura Unggul Tbk PT		65,924,600		232,661
	Buyung Poetra Sembada PT		5,653,200		75,805
*	Capital Financial Indonesia Tbk PT		3,739,300		110,899
	Catur Sentosa Adiprana Tbk PT		2,986,100		116,891
W	Cikarang Listrindo Tbk PT		2,019,000		90,513
	Ciputra Development Tbk PT		35,853,620		2,723,136
*	Citra Marga Nusaphala Persada Tbk PT		13,896,403		1,246,092
*	City Retail Developments Tbk PT		12,056,400		133,739
*	Delta Dunia Makmur Tbk PT		20,848,800		435,751
	Dharma Satya Nusantara Tbk PT		5,269,600		215,560
*	Eagle High Plantations Tbk PT		10,182,800		65,400
	Elnusa Tbk PT		14,373,200		308,542
	Erajaya Swasembada Tbk PT		31,311,500		1,439,030
*	FKS Food Sejahtera Tbk PT		14,798,900		230,093
	Gajah Tunggal Tbk PT		4,349,900		224,335
	Garudafood Putra Putri Jaya Tbk PT		1,691,300		60,285
* ††	Hanson International Tbk PT		483,480,300		319,931
	Harum Energy Tbk PT		1,486,300		801,410
	Hexindo Adiperkasa Tbk PT		508,500		145,321
	Impack Pratama Industri Tbk PT		244,800		38,704
*	Indika Energy Tbk PT		6,309,600		793,272
	Indo Tambangraya Megah Tbk PT		1,493,700		2,277,123
	Indomobil Sukses Internasional Tbk PT		330,300		23,377
*	Indosat Tbk PT		4,278,700		2,090,547
	Industri Jamu Dan Farmasi Sido Muncul Tbk PT		21,953,346		1,309,285
††	Inovisi Infracom Tbk PT		1,806,467		0
	Integra Indocabinet Tbk PT		2,097,900		121,544
* ††	Inti Agri Resources Tbk PT		92,782,800		61,397
*	Intiland Development Tbk PT		37,684,832		461,110
	Japfa Comfeed Indonesia Tbk PT		15,314,800		1,870,693
*	Jasa Marga Persero Tbk PT		4,968,900		1,474,965
	Jaya Real Property Tbk PT		10,463,000		366,826
*	Kapuas Prima Coal Tbk PT		37,878,000		339,742
*	Kawasan Industri Jababeka Tbk PT		108,474,057		1,211,039
*	KMI Wire & Cable Tbk PT		5,778,100		119,903
*	Krakatau Steel Persero Tbk PT		15,837,502		587,734
*	Kresna Graha Investama Tbk PT		49,789,500		373,112
	Link Net Tbk PT		3,802,500		1,043,935
	Lippo Cikarang Tbk PT		2,493,675		177,273
*	Lippo Karawaci Tbk PT		178,233,040		1,864,311
*	M Cash Integrasi PT		111,200		93,812
*	Mahkota Group Tbk PT		374,000		19,273
*	Malindo Feedmill Tbk PT		3,423,300		182,589
*	Map Aktif Adiperkasa PT		503,000		115,536

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
INDONESIA — (Continued)
*	Matahari Department Store Tbk PT		49,200	$	10,597
*	Medco Energi Internasional Tbk PT		27,912,507		1,121,719
	Media Nusantara Citra Tbk PT		17,933,800		1,140,704
	Medikaloka Hermina Tbk PT		1,070,900		88,801
*	Mega Manunggal Property Tbk PT		2,878,700		116,877
	Metrodata Electronics Tbk PT		3,630,800		945,412
	Metropolitan Kentjana Tbk PT		7,900		14,219
*	Mitra Adiperkasa Tbk PT		31,793,000		1,976,822
	Mitra Keluarga Karyasehat Tbk PT		746,000		120,082
	Mitra Pinasthika Mustika Tbk PT		4,165,900		221,257
*	MNC Kapital Indonesia Tbk PT		2,725,600		19,817
*	MNC Land Tbk PT		29,086,600		209,473
*	MNC Sky Vision Tbk PT		780,300		19,800
*	MNC Vision Networks Tbk PT		10,620,600		181,479
*	Multipolar Tbk PT		3,799,000		108,325
*	NFC Indonesia Tbk PT		94,100		67,616
	Nippon Indosari Corpindo Tbk PT		13,183,989		1,246,301
	Pabrik Kertas Tjiwi Kimia Tbk PT		3,049,800		1,797,328
*	Pacific Strategic Financial Tbk PT		23,385,200		1,600,875
*	Pakuwon Jati Tbk PT		31,341,300		1,109,215
*	Pan Brothers Tbk PT		13,516,100		127,092
*	Panin Financial Tbk PT		65,051,300		838,106
*	Paninvest Tbk PT		5,369,000		261,162
*	Pelayaran Tamarin Samudra Tbk PT		19,571,300		69,071
*	Perusahaan Gas Negara Tbk PT		29,534,500		3,150,008
	Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		12,168,200		1,198,661
*	Pollux Properti Indonesia Tbk PT		733,100		170,924
* ††	Pool Advista Indonesia Tbk PT		10,473,500		6,931
*	PP Persero Tbk PT		12,129,914		1,034,196
	Puradelta Lestari Tbk PT		39,207,300		620,948
*	Ramayana Lestari Sentosa Tbk PT		9,932,400		518,843
* ††	Rimo International Lestari Tbk PT		211,251,900		139,791
	Salim Ivomas Pratama Tbk PT		14,629,800		497,699
	Samindo Resources Tbk PT		106,600		12,519
*	Sampoerna Agro Tbk PT		3,879,900		611,061
	Samudera Indonesia Tbk PT		818,000		41,330
*	Sarana Meditama Metropolitan Tbk PT		4,659,400		160,348
	Sariguna Primatirta Tbk PT		5,140,000		165,420
	Sawit Sumbermas Sarana Tbk PT		14,469,600		1,166,014
††	Sekawan Intipratama Tbk PT		9,367,900		0
	Selamat Sempurna Tbk PT		13,150,400		1,476,007
*	Semen Baturaja Persero Tbk PT		6,645,400		356,507
	Siloam International Hospitals Tbk PT		1,432,650		869,654
	Sinar Mas Agro Resources & Technology Tbk PT		1,037,460		328,212
* ††	Sri Rejeki Isman Tbk PT		35,353,931		273,249
	Steel Pipe Industry of Indonesia PT		1,633,200		40,348
* ††	Sugih Energy Tbk PT		100,457,800		66,476
*	Summarecon Agung Tbk PT		36,684,446		2,373,762
††	Surabaya Agung Industri Pulp & Kertas		64,500		0
*	Surya Citra Media Tbk PT		64,743,000		1,920,584
*	Surya Esa Perkasa Tbk PT		16,908,600		398,508
	Surya Pertiwi Tbk PT		1,435,000		62,783
*	Surya Semesta Internusa Tbk PT		17,291,000		608,643
††	Suryainti Permata Tbk PT		7,252,000		0
	Tempo Scan Pacific Tbk PT		1,861,700		193,203
*	Timah Tbk PT		9,484,614		1,066,338
* ††	Trada Alam Minera Tbk PT		180,020,800		119,124
*	Transcoal Pacific Tbk PT		90,300		55,134
	Trias Sentosa Tbk PT		32,818,400		1,353,641

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
INDONESIA — (Continued)
	Tunas Baru Lampung Tbk PT		11,437,500	$	698,112
	Tunas Ridean Tbk PT		6,459,700		570,638
	Ultrajaya Milk Industry & Trading Co. Tbk PT		15,164,100		1,745,842
	Unggul Indah Cahaya Tbk PT		48,239		30,309
*	Waskita Beton Precast Tbk PT		28,238,300		309,155
*	Waskita Karya Persero Tbk PT		17,356,800		1,128,432
	Wijaya Karya Bangunan Gedung Tbk PT		8,674,400		119,416
	Wijaya Karya Beton Tbk PT		11,080,900		212,809
*	Wijaya Karya Persero Tbk PT		12,013,307		1,058,278
	XL Axiata Tbk PT		6,798,100		1,480,306
TOTAL INDONESIA					90,677,432
MALAYSIA — (1.6%)
#	7-Eleven Malaysia Holdings Bhd, Class B		2,072,285		765,920
	Able Global Bhd		232,200		98,376
#	Aeon Co. M Bhd		1,088,300		388,682
	AEON Credit Service M Bhd		347,400		1,174,742
#	AFFIN Bank Bhd		1,601,192		658,188
	Ajinomoto Malaysia Bhd		67,800		263,764
	Alliance Bank Malaysia Bhd		3,790,200		2,516,372
	Allianz Malaysia Bhd		141,100		449,159
	AME Elite Consortium Bhd		32,200		14,555
*	Ancom BHD		17,200		11,519
#	Ann Joo Resources Bhd		460,650		270,799
	Astro Malaysia Holdings Bhd		1,556,300		374,537
	ATA IMS Bhd		16,800		10,226
# *	Berjaya Assets Bhd		1,888,400		114,409
*	Berjaya Corp. Bhd		6,779,128		417,497
# *	Berjaya Land Bhd		3,276,600		193,855
	Berjaya Sports Toto Bhd		3,167,329		1,591,304
# *	Bermaz Auto Bhd		256,400		100,253
	BIMB Holdings Bhd		56,408		43,581
	Bintulu Port Holdings Bhd		25,900		29,331
# *	Boustead Holdings Bhd		1,195,028		176,135
	Boustead Plantations Bhd		622,199		107,552
#	British American Tobacco Malaysia Bhd		358,600		1,308,937
*	Bumi Armada Bhd		7,156,100		878,389
	Bursa Malaysia Bhd		1,022,300		1,852,906
#	Cahya Mata Sarawak Bhd		1,669,500		577,675
	Careplus Group Bhd		126,200		28,189
#	Carlsberg Brewery Malaysia Bhd, Class B		752,900		4,033,199
††	Carotech Bhd		230,650		0
	CB Industrial Product Holding Bhd		805,040		247,183
#	Comfort Glove Bhd		741,100		213,655
	CSC Steel Holdings Bhd		353,800		113,551
# *	Cypark Resources Bhd		673,850		162,008
	D&O Green Technologies Bhd		156,400		213,444
#	Datasonic Group Bhd		3,118,200		354,168
# *	Dayang Enterprise Holdings Bhd		1,370,275		325,103
#	DRB-Hicom Bhd		2,936,500		1,170,040
#	Dufu Technology Corp. Bhd		238,700		256,323
#	Duopharma Biotech Bhd		1,162,238		474,716
	Dutch Lady Milk Industries Bhd		79,100		640,116
	Eco World Development Group Bhd		2,431,100		599,488
#	Eco World International Bhd		872,100		103,221
*	Econpile Holdings Bhd		629,900		61,705
	Ekovest BHD		3,798,450		380,435
	FAR East Holdings Bhd		258,300		187,157
	FGV Holdings Bhd		99,600		36,124

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
MALAYSIA — (Continued)
	Formosa Prosonic Industries Bhd		143,000	$	150,516
	Foundpac Group Bhd		216,200		40,784
#	Frontken Corp. Bhd		2,344,650		2,163,456
	Gabungan AQRS Bhd		652,810		85,120
	Gadang Holdings Bhd		1,444,200		144,896
	Gas Malaysia Bhd		531,500		347,847
	George Kent Malaysia Bhd		963,000		162,939
	Globetronics Technology Bhd		1,513,272		765,086
††	Golden Plus Holding Bhd		216,000		0
# *	Green Packet Bhd		925,500		26,887
#	Guan Chong Bhd		979,000		716,267
	Hai-O Enterprise Bhd		642,197		303,198
	HAP Seng Consolidated Bhd		495,240		938,265
	Heineken Malaysia Bhd		255,500		1,419,428
#	Hengyuan Refining Co. Bhd		364,100		380,826
	HeveaBoard Bhd		526,300		60,325
	Hiap Teck Venture Bhd		3,287,000		449,776
#	Hibiscus Petroleum Bhd		4,887,000		1,060,173
	Hong Leong Capital Bhd		21,200		41,670
	Hong Leong Industries Bhd		345,300		761,284
*	HSS Engineers Bhd		142,700		19,821
	Hup Seng Industries Bhd		921,033		203,363
*	IGB Bhd		659,423		309,936
	IJM Corp. Bhd		696,500		311,855
#	Insas Bhd		1,421,981		350,888
# *	Iskandar Waterfront City Bhd		1,196,100		114,198
# *	JAKS Resources Bhd		4,160,880		467,564
# *	Jaya Tiasa Holdings Bhd		1,428,627		244,863
#	JHM Consolidation Bhd		860,400		412,770
#	Karex Bhd		97,000		11,000
*	Keck Seng Malaysia Bhd		285,550		267,740
	Kelington Group Bhd		160,300		65,924
	Kenanga Investment Bank Bhd		218,300		68,067
#	Kerjaya Prospek Group Bhd		728,690		239,498
	Kim Loong Resources Bhd		900,280		350,268
# *	KNM Group Bhd		6,478,580		320,134
	Kobay Technology BHD		42,300		53,786
#	KPJ Healthcare Bhd		7,694,700		2,116,312
	Kretam Holdings Bhd		1,548,200		203,291
*	Kronologi Asia Bhd		791,100		119,652
# *	KSL Holdings Bhd		790,818		125,114
	Kumpulan Fima BHD		168,550		85,461
	Land & General Bhd		5,669,760		164,021
#	LBS Bina Group Bhd		2,657,916		353,256
#	Leong Hup International Bhd		525,600		83,068
#	Lii Hen Industries Bhd		317,000		234,245
#	Lingkaran Trans Kota Holdings Bhd		665,900		618,985
# W	Lotte Chemical Titan Holding Bhd		876,597		576,140
	LPI Capital Bhd		368,124		1,253,376
	Luxchem Corp. Bhd		56,200		10,173
#	Magni-Tech Industries Bhd		612,433		315,233
#	Magnum Bhd		3,437,863		1,792,564
#	Mah Sing Group Bhd		3,725,187		728,951
#	Malakoff Corp. Bhd		5,659,700		1,106,889
#	Malayan Flour Mills Bhd		1,902,575		346,903
#	Malaysia Building Society Bhd		6,427,890		994,754
	Malaysia Smelting Corp. Bhd		19,800		13,284
*	Malaysian Bulk Carriers Bhd		117,000		18,958
	Malaysian Pacific Industries Bhd		91,513		1,055,490

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
MALAYSIA — (Continued)
	Malaysian Resources Corp. Bhd		5,963,166	$	591,127
	Matrix Concepts Holdings Bhd		2,283,658		1,185,281
#	MBM Resources BHD		527,296		402,373
	Media Chinese International Ltd.		1,466,100		62,140
	Mega First Corp. Bhd		1,888,200		1,643,039
#	MKH Bhd		1,508,434		529,485
#	MMC Corp. Bhd		1,736,800		830,330
#	MNRB Holdings Bhd		1,170,188		376,758
# *	MPHB Capital Bhd		1,201,700		391,679
#	Muda Holdings Bhd		348,000		232,072
	Muhibbah Engineering M Bhd		1,111,550		256,893
*	Mulpha International Bhd		438,330		267,621
# *	OCK Group Bhd		1,469,000		182,919
	Oriental Holdings BHD		679,900		876,708
#	OSK Holdings Bhd		5,459,555		1,188,009
	PA Resources Bhd		270,100		29,313
	Padini Holdings Bhd		1,389,700		1,054,046
	Panasonic Manufacturing Malaysia Bhd		40,784		295,644
	Pantech Group Holdings Bhd		1,081,119		152,786
#	Paramount Corp. Bhd		1,104,355		207,056
#	Pentamaster Corp. Bhd		1,061,665		1,375,907
	Perak Transit Bhd		181,800		29,887
#	PESTECH International Bhd		190,000		54,267
#	Petron Malaysia Refining & Marketing Bhd		256,100		278,627
	Pharmaniaga Bhd		316,200		62,525
	PIE Industrial Bhd		23,400		21,857
# *	Pos Malaysia Bhd		461,700		81,901
#	Power Root Bhd		150,600		53,828
*	QES Group Bhd		243,400		43,632
#	Ranhill Utilities Bhd		1,742,374		265,024
	RCE Capital Bhd		87,000		72,693
*	Revenue Group Bhd		53,300		23,475
*	Rimbunan Sawit Bhd		1,951,000		113,341
# *	Rubberex Corp. M Bhd		705,200		92,173
	Sam Engineering & Equipment M Bhd		90,600		478,276
*	Sapura Energy Bhd		29,972,400		725,721
	Sarawak Oil Palms Bhd		608,404		564,963
	Scientex Bhd		2,194,472		2,472,028
#	SEG International BHD		145,885		22,547
#	Serba Dinamik Holdings Bhd		3,027,000		255,844
*	Shangri-La Hotels Malaysia Bhd		296,700		251,360
#	Sime Darby Property Bhd		5,321,000		932,533
#	SKP Resources Bhd		2,307,724		1,017,834
#	Solarvest Holdings Bhd		183,900		60,569
# *	SP Setia Bhd Group		3,125,400		1,176,455
* ††	Sumatec Resources Bhd		6,536,100		1,421
	Sunway Construction Group Bhd		267,136		105,820
	Suria Capital Holdings Bhd		269,560		81,397
#	Syarikat Takaful Malaysia Keluarga Bhd		1,036,657		994,312
#	Ta Ann Holdings Bhd		733,289		573,561
#	Taliworks Corp. Bhd		1,954,816		396,471
	Tan Chong Motor Holdings Bhd		211,500		60,242
	TASCO Bhd		132,600		40,979
#	Thong Guan Industries Bhd		490,000		338,610
	TIME dotCom Bhd		230,664		251,679
	TMC Life Sciences Bhd		948,400		131,692
# *	Tropicana Corp. Bhd		2,709,590		660,757
	TSH Resources Bhd		1,638,800		463,757
*	Tune Protect Group Bhd		650,600		77,888

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
MALAYSIA — (Continued)
#	Uchi Technologies Bhd		959,900	$	730,552
*	UEM Edgenta Bhd		941,100		418,825
# *	UEM Sunrise Bhd		5,797,200		553,260
#	UMW Holdings Bhd		1,084,500		892,744
	United Malacca Bhd		442,250		550,423
#	United Plantations Bhd		433,100		1,482,156
	UOA Development Bhd		4,158,300		1,756,665
# *	Velesto Energy Bhd		14,366,808		554,328
	ViTrox Corp. Bhd		16,400		77,904
*	Wah Seong Corp. Bhd		1		0
# *	WCT Holdings Bhd		2,213,793		332,157
#	Wellcall Holdings Bhd		1,597,400		409,042
#	Yinson Holdings Bhd		897,400		1,268,788
#	YNH Property Bhd		2,935,116		1,894,145
	YTL Corp. Bhd		107,063		16,300
	YTL Power International Bhd		1,556,643		264,997
TOTAL MALAYSIA					86,798,444
MEXICO — (2.4%)
# *	ALEATICA SAB de CV		228,600		203,195
	Alfa SAB de CV, Class A		858,225		619,866
	Alpek SAB de CV		1,614,431		1,780,830
# *	Alsea SAB de CV		1,973,199		4,169,135
# *	Axtel SAB de CV		6,265,656		1,445,593
# W	Banco del Bajio SA		3,134,675		5,874,090
#	Bolsa Mexicana de Valores SAB de CV		1,796,514		3,438,054
	Consorcio ARA SAB de CV		5,607,313		1,173,864
*	Controladora Vuela Cia de Aviacion SAB de CV, ADR		105,689		1,912,971
*	Controladora Vuela Cia de Aviacion SAB de CV, Class A		2,046,089		3,709,953
#	Corp Actinver SAB de CV, Class B		198,770		106,201
*	Corp Interamericana de Entretenimiento SAB de CV, Class B		960,372		416,559
#	Corp. Inmobiliaria Vesta SAB de CV		2,318,854		4,036,707
	Corp. Moctezuma SAB de CV		838,557		2,669,062
	Corporativo Fragua SAB de CV		3		48
*	Corpovael SA de CV		73,341		12,753
# *	Credito Real SAB de CV Sofom ER		886,347		452,042
	Cydsa SAB de CV		10,875		7,326
# *	Elementia Materiales SAB de CV		321,144		226,179
# * ††	Empresas ICA SAB de CV		3,768,186		17,571
*	Financiera Independencia SAB de CV SOFOM ENR		3,187		1,216
# * W	Fortaleza Materiales SAB de CV		321,143		241,778
	GCC SAB de CV		716,491		5,286,331
# *	Genomma Lab Internacional SAB de CV, Class B		3,167,835		3,045,048
# *	Gentera SAB de CV		4,115,741		2,478,880
#	Gruma SAB de CV, Class B		21,910		256,496
*	Grupo Aeroportuario del Centro Norte SAB de CV, Class B		579,894		3,507,024
	Grupo Comercial Chedraui SA de CV		2,014,660		3,970,998
# *	Grupo GICSA SAB de CV		2,528,781		324,266
#	Grupo Herdez SAB de CV		1,525,378		2,802,108
*	Grupo Hotelero Santa Fe SAB de CV		618,935		143,400
	Grupo Industrial Saltillo SAB de CV		1,080,258		1,568,861
*	Grupo KUO SAB de CV, Class B		714,554		1,575,538
*	Grupo Pochteca SAB de CV		336,841		133,342
*	Grupo Posadas SAB de CV		195,733		255,742
#	Grupo Rotoplas SAB de CV		819,979		1,134,700
*	Grupo Sanborns SAB de CV		905,924		1,056,061
# *	Grupo Simec SAB de CV, Class B		959,651		7,924,532
# *	Grupo Sports World SAB de CV		336,216		107,619
* W	Grupo Traxion SAB de CV		317,143		549,008

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
MEXICO — (Continued)
# *	Hoteles City Express SAB de CV		1,160,092	$	358,373
	Industrias Bachoco SAB de CV, Class B		1,248,029		4,395,501
*	Industrias CH SAB de CV, Class B		1,830,376		15,869,541
	La Comer SAB de CV		3,374,673		6,053,365
	Megacable Holdings SAB de CV		2,402,142		7,089,283
# *	Minera Frisco SAB de CV, Class A1		5,327,018		983,227
* W	Nemak SAB de CV		2,345,296		537,682
	Orbia Advance Corp. SAB de CV		373,191		975,213
	Organizacion Cultiba SAB de CV		1,103,096		551,870
*	Organizacion Soriana SAB de CV, Class B		348,965		423,748
	Promotora y Operadora de Infraestructura SAB de CV		652,263		4,804,531
	Promotora y Operadora de Infraestructura SAB de CV, Class L		7,839		37,310
#	Qualitas Controladora SAB de CV		469,515		2,165,589
	Rassini SAB de CV		3,300		0
#	Regional SAB de CV		844,948		4,409,424
††	Sanluis Corp. SA B		4,642		0
††	Sanluis Corp. SA C		4,642		0
#	Telesites SAB de CV		6,112,976		5,582,084
# *	Unifin Financiera SAB de CV		959,803		1,482,501
	Vitro SAB de CV, Class A		704,098		817,367
TOTAL MEXICO					125,171,556
PHILIPPINES — (1.0%)
*	8990 Holdings, Inc.		3,671,200		750,383
	A Soriano Corp.		2,931,411		403,583
††	ACR Mining Corp.		48,205		3,209
*	AgriNurture, Inc.		1,121,100		112,977
	AllHome Corp.		139,200		28,440
	Alliance Global Group, Inc.		8,432,300		1,742,511
	Alsons Consolidated Resources, Inc.		2,780,000		62,739
*	Apex Mining Co., Inc.		5,852,000		168,008
*	Apollo Global Capital, Inc.		13,110,000		24,127
*	AyalaLand Logistics Holdings Corp.		4,220,200		485,716
*	Belle Corp.		13,307,400		369,748
*	Bloomberry Resorts Corp.		11,762,400		1,587,675
*	Cebu Air, Inc.		817,120		718,144
*	Cebu Holdings, Inc.		3,180,400		394,546
* W	CEMEX Holdings Philippines, Inc.		10,073,263		247,689
	Century Pacific Food, Inc.		3,121,800		1,752,340
	Century Properties Group, Inc.		9,871,151		89,977
*	Chelsea Logistics & Infrastructure Holdings Corp.		364,500		14,261
	China Banking Corp.		6,526,914		3,128,007
	COL Financial Group, Inc.		922,000		36,370
	Cosco Capital, Inc.		11,229,900		1,164,090
	D&L Industries, Inc.		8,344,800		1,396,496
*	DITO CME Holdings Corp.		1,678,700		234,561
	DMCI Holdings, Inc.		9,182,800		1,446,620
	DoubleDragon Properties Corp.		2,366,790		482,849
	Eagle Cement Corp.		574,500		164,462
*	East West Banking Corp.		1,996,300		374,625
*	EEI Corp.		828,800		107,304
	Emperador, Inc.		1,831,500		665,262
	Filinvest Development Corp.		3,356,422		536,599
	Filinvest Land, Inc.		53,722,577		1,227,224
	First Gen Corp.		107,400		64,143
	First Philippine Holdings Corp.		1,712,200		2,528,085
	Global Ferronickel Holdings, Inc.		5,284,911		222,547
*	Global-Estate Resorts, Inc.		2,410,000		43,787
	GT Capital Holdings, Inc.		138,660		1,555,841

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
PHILIPPINES — (Continued)
	Holcim Philippines, Inc.		2,182,300	$	253,791
*	Integrated Micro-Electronics, Inc.		2,685,414		473,155
	LT Group, Inc.		1,838,400		367,006
*	MacroAsia Corp.		1,945,032		199,036
*	Manila Water Co., Inc.		7,255,700		3,810,247
*	Max’s Group, Inc.		832,200		119,155
*	Megawide Construction Corp.		2,375,208		287,628
	Megaworld Corp.		13,672,000		832,960
	Metro Pacific Investments Corp.		9,509,000		708,027
	Nickel Asia Corp.		11,246,100		1,224,287
*	Petron Corp.		10,769,800		825,361
	Philex Mining Corp.		4,744,300		490,378
*	Philippine National Bank		1,895,726		755,624
* ††	Philippine National Construction Corp.		173,000		3,154
	Philippine Savings Bank		474,907		547,063
*	Philippine Seven Corp.		10,510		18,954
	Philippine Stock Exchange, Inc.		74,482		324,865
††	Philippine Townships, Inc.		318,732		0
††	Philtown Properties, Inc.		111,562		0
*	Phoenix Petroleum Philippines, Inc.		929,580		210,061
*	Pilipinas Shell Petroleum Corp.		1,429,790		612,738
	PNB Holdings Corp.		316,021		1,998
	Premium Leisure Corp.		16,097,000		139,109
	Puregold Price Club, Inc.		2,206,790		1,848,950
*	PXP Energy Corp.		2,777,800		363,132
	RFM Corp.		7,485,068		667,445
	Rizal Commercial Banking Corp.		2,651,952		1,015,171
	Robinsons Land Corp.		9,748,351		3,295,356
	Robinsons Retail Holdings, Inc.		1,220,290		1,506,279
	Security Bank Corp.		438,280		1,051,580
	Semirara Mining & Power Corp.		1,824,100		940,448
	Shakey’s Pizza Asia Ventures, Inc.		274,900		43,652
*	Top Frontier Investment Holdings, Inc.		2,580		6,707
	Union Bank of the Philippines		1,264,231		2,267,177
	Vista Land & Lifescapes, Inc.		30,112,200		2,254,725
	Vistamalls, Inc.		589,600		44,745
	Wilcon Depot, Inc.		4,219,800		2,611,021
TOTAL PHILIPPINES					54,455,930
POLAND — (1.2%)
# *	11 bit studios SA		4,190		437,378
	AB SA		2,202		31,458
*	Agora SA		118,444		242,953
*	Alior Bank SA		285,170		4,501,296
	Alumetal SA		7,000		96,237
	Amica SA		15,752		485,703
*	AmRest Holdings SE		33,738		270,944
	Apator SA		54,865		297,159
	ASBISc Enterprises PLC		15,068		91,840
	Asseco Poland SA		58,363		1,437,263
	Astarta Holding NV		1,137		15,411
	Bank Handlowy w Warszawie SA		37,957		550,884
*	Bank Millennium SA		740,670		1,700,251
*	Bank Ochrony Srodowiska SA		47,818		144,145
# *	Benefit Systems SA		873		181,020
*	Bioton SA		111,045		129,949
*	Boryszew SA		130,974		104,670
	Budimex SA		60,484		3,866,879
*	CCC SA		83,059		2,513,267

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
POLAND — (Continued)
	Celon Pharma SA		7,657	$	69,409
*	CI Games SA		107,460		43,906
	Ciech SA		89,814		799,255
	Cognor Holding SA		12,061		13,181
	ComArch SA		11,903		668,370
#	Develia SA		1,491,512		1,342,236
	Dom Development SA		14,033		471,183
#	Echo Investment SA		22,550		26,104
*	Enea SA		872,158		2,214,081
#	Eurocash SA		236,705		584,422
	Fabryki Mebli Forte SA		74,704		854,519
*	Famur SA		871,083		682,410
	Firma Oponiarska Debica SA		4,682		90,595
# *	Globe Trade Centre SA		449,774		774,055
*	Grupa Azoty SA		113,616		848,722
*	Grupa Azoty Zaklady Chemiczne Police SA		8,411		25,862
	Grupa Kety SA		58,412		9,172,305
	Inter Cars SA		37,891		4,347,009
*	Jastrzebska Spolka Weglowa SA		178,663		2,324,977
	Kernel Holding SA		226,656		3,423,360
	KRUK SA		73,975		6,170,432
	Lentex SA		74,219		174,591
#	LiveChat Software SA		15,869		485,483
# *	Lubelski Wegiel Bogdanka SA		33,467		337,940
# *	Mabion SA		3,166		60,840
	Mirbud SA		32,611		31,525
	Neuca SA		1,059		247,601
	NEWAG SA		522		3,024
*	Orange Polska SA		423,456		825,779
# *	PKP Cargo SA		93,412		430,600
	PlayWay SA		3,415		393,330
*	Polimex-Mostostal SA		25,604		28,052
	Stalexport Autostrady SA		338,520		338,214
# *	Tauron Polska Energia SA		3,239,730		2,671,851
	TEN Square Games SA		2,509		222,373
	Tim SA		7,148		75,849
# *	VRG SA		873,743		830,253
	Warsaw Stock Exchange		52,641		580,467
#	Wawel SA		1,943		286,359
	Wirtualna Polska Holding SA		593		21,689
# W	X-Trade Brokers Dom Maklerski SA		12,336		50,836
*	Zespol Elektrocieplowni Wroclawskich Kogeneracja SA		672		5,765
# *	Zespol Elektrowni Patnow Adamow Konin SA		91,906		429,485
TOTAL POLAND					60,577,006
QATAR — (0.5%)
	Aamal Co.		5,601,709		1,679,074
	Al Khaleej Takaful Group QSC		455,203		564,199
	Al Khalij Commercial Bank PQSC		1,636,932		1,007,066
	Al Meera Consumer Goods Co. QSC		222,255		1,195,776
	Alijarah Holding Co. QPSC		991,777		282,262
	Baladna		1,745,973		770,486
	Barwa Real Estate Co.		2,980,078		2,583,766
	Doha Bank QPSC		2,937,186		2,324,659
	Doha Insurance Co. QSC		74,785		39,932
*	Gulf International Services QSC		2,747,104		1,389,723
	Gulf Warehousing Co.		755,870		1,017,004
*	Investment Holding Group		1,299,783		494,212
	Mannai Corp. QSC		14,063		18,629

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
QATAR — (Continued)
	Mazaya Real Estate Development QPSC		2,372,509	$	679,512
	Medicare Group		504,405		1,173,354
*	Qatar First Bank		2,170,006		1,087,637
	Qatar Gas Transport Co. Ltd.		180,918		161,801
*	Qatar Insurance Co. SAQ		2,754,319		1,858,966
	Qatar International Islamic Bank QSC		408,304		1,097,642
	Qatar National Cement Co. QSC		461,412		640,614
	Qatar Navigation QSC		670,951		1,400,332
*	Salam International Investment Ltd. QSC		2,883,225		754,517
	United Development Co. QSC		5,450,972		2,330,408
	Vodafone Qatar QSC		4,891,759		2,176,932
	Widam Food Co.		312,449		350,331
	Zad Holding Co.		7,098		31,083
TOTAL QATAR					27,109,917
RUSSIA — (0.3%)
	Etalon Group PLC, GDR		359,594		565,282
	Globaltrans Investment PLC, GDR		168,485		1,484,353
	Magnitogorsk Iron & Steel Works PJSC, GDR		39,567		482,717
*	Mail.Ru Group Ltd., GDR		107,131		2,191,900
*	Mechel PJSC, Sponsored ADR		116,296		488,443
	PhosAgro PJSC, GDR		127,510		3,050,039
	QIWI PLC, Sponsored ADR		62,129		543,629
	Ros Agro PLC, GDR		44,970		747,401
	Rostelecom PJSC, Sponsored ADR		169,762		1,373,375
	RusHydro PJSC, ADR		903,890		1,012,357
*	VEON Ltd., ADR		1,649,123		3,479,650
	VTB Bank PJSC, GDR		27,705		40,338
TOTAL RUSSIA					15,459,484
SAUDI ARABIA — (2.7%)
	Abdullah Al Othaim Markets Co.		34,252		1,055,688
	Abdullah Saad Mohammed Abo Moati Stationaries Co.		20,223		247,631
*	Al Alamiya for Cooperative Insurance Co.		69,625		486,804
	Al Babtain Power & Telecommunication Co.		82,682		815,561
*	Al Etihad Cooperative Insurance Co.		97,295		571,957
*	Al Gassim Investment Holding Co.		23,449		177,803
	Al Hammadi Co. for Development & Investment		196,687		2,220,714
*	Al Hassan Ghazi Ibrahim Shaker Co.		122,181		785,144
*	Al Jouf Cement Co.		318,510		1,018,982
*	Al Kathiri Holding Co.		11,770		233,141
	Al Khaleej Training & Education Co.		105,972		786,070
	Al Moammar Information Systems Co.		51,415		2,052,585
*	Al Rajhi Co. for Co-operative Insurance		77,170		1,916,629
*	Al Sagr Cooperative Insurance Co.		64,275		250,184
	Al Yamamah Steel Industries Co.		81,378		983,453
*	AlAbdullatif Industrial Investment Co.		86,188		793,773
*	Alahli Takaful Co.		38,318		434,901
	Alandalus Property Co.		194,116		1,042,667
	Alaseel Co.		22,790		358,640
	Aldrees Petroleum & Transport Services Co.		138,947		2,740,766
*	AlJazira Takaful Ta’awuni Co.		68,913		508,107
*	Allianz Saudi Fransi Cooperative Insurance Co.		125,384		842,205
*	Alujain Holding		82,243		1,392,041
*	Arabia Insurance Cooperative Co.		3,024		33,359
	Arabian Cement Co.		209,311		2,177,825
	Arabian Centres Co. Ltd.		131,681		896,440
*	Arabian Shield Cooperative Insurance Co.		93,618		608,074

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SAUDI ARABIA — (Continued)
	Arriyadh Development Co.		334,630	$	2,374,525
*	Aseer Trading Tourism & Manufacturing Co.		230,902		1,403,400
	Astra Industrial Group		142,488		1,640,137
*	AXA Cooperative Insurance Co.		77,691		751,942
	Baazeem Trading Co.		14,225		463,472
*	Basic Chemical Industries Ltd.		48,411		610,295
*	Batic Investments & Logistic Co.		54,527		624,429
	Bawan Co.		95,676		1,011,663
*	Buruj Cooperative Insurance Co.		31,289		217,384
*	Chubb Arabia Cooperative Insurance Co.		42,357		404,592
	City Cement Co.		285,618		1,844,391
	Co. for Cooperative Insurance		168,661		3,872,070
	Dallah Healthcare Co.		141,016		2,732,129
*	Dar Al Arkan Real Estate Development Co.		2,190,205		5,780,539
*	Dur Hospitality Co.		167,090		1,592,616
	Eastern Province Cement Co.		112,249		1,434,849
	Electrical Industries Co.		65,904		534,404
*	Emaar Economic City		1,353,184		4,577,134
*	Fawaz Abdulaziz Al Hokair & Co.		80,580		413,223
	Fitaihi Holding Group		64,761		846,331
*	Gulf Union Cooperative Insurance Co.		21,772		104,466
	Hail Cement Co.		213,122		839,896
	Halwani Brothers Co.		67,912		1,697,710
	Herfy Food Services Co.		59,509		1,039,524
*	Jazan Energy & Development Co.		103,412		647,920
*	L’Azurde Co. for Jewelry		48,261		285,354
	Leejam Sports Co. JSC		94,687		2,865,649
	Maharah Human Resources Co.		81,399		1,868,075
*	Malath Cooperative Insurance Co.		53,642		415,442
*	Mediterranean & Gulf Insurance & Reinsurance Co.		127,164		790,419
*	Methanol Chemicals Co.		141,707		1,344,509
*	Middle East Healthcare Co.		160,943		1,595,746
*	Middle East Paper Co.		123,342		1,521,881
*	Middle East Specialized Cables Co.		32,002		187,044
	Najran Cement Co.		357,158		1,797,864
*	Nama Chemicals Co.		60,337		659,283
*	National Agriculture Development Co.		188,875		1,787,430
*	National Co. for Glass Manufacturing		63,808		629,305
	National Co. for Learning & Education		14,229		240,880
	National Gas & Industrialization Co.		152,978		2,408,267
	National Gypsum		61,416		757,485
	National Medical Care Co.		100,303		1,627,778
	Northern Region Cement Co.		394,791		1,565,959
	Qassim Cement Co.		114,879		2,496,573
*	Salama Cooperative Insurance Co.		57,481		336,734
*	Saudi Arabian Cooperative Insurance Co.		40,549		241,260
	Saudi Automotive Services Co.		101,530		914,819
	Saudi Cement Co.		231,117		3,650,701
	Saudi Ceramic Co.		216,021		3,135,589
	Saudi Chemical Co. Holding		174,392		1,763,208
	Saudi Co. For Hardware CJSC		67,467		1,033,316
*	Saudi Ground Services Co.		295,064		2,932,248
	Saudi Industrial Services Co.		145,826		1,367,740
*	Saudi Marketing Co.		88,696		764,967
*	Saudi Paper Manufacturing Co.		18,938		303,485
	Saudi Pharmaceutical Industries & Medical Appliances Corp.		105,970		1,211,910
*	Saudi Printing & Packaging Co.		96,359		697,310
*	Saudi Public Transport Co.		262,610		1,691,418
*	Saudi Re for Cooperative Reinsurance Co.		187,458		955,248

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SAUDI ARABIA — (Continued)
*	Saudi Real Estate Co.		402,814	$	2,400,143
*	Saudi Research & Media Group		76,037		3,426,816
*	Saudi Steel Pipe Co.		42,075		317,598
	Saudia Dairy & Foodstuff Co.		42,971		1,881,510
*	Seera Group Holding		642,742		3,965,911
	Southern Province Cement Co.		64,326		1,227,160
*	Tabuk Cement Co.		192,088		974,232
*	Takween Advanced Industries Co.		131,028		706,846
	Umm Al-Qura Cement Co.		119,843		848,116
	United Electronics Co.		130,005		4,882,489
	United International Transportation Co.		124,963		1,675,885
	United Wire Factories Co.		68,625		628,712
*	Walaa Cooperative Insurance Co.		88,369		515,293
*	Yamama Cement Co.		377,433		2,787,280
	Yanbu Cement Co.		281,306		2,877,547
	Zahrat Al Waha For Trading Co.		30,556		619,470
*	Zamil Industrial Investment Co.		132,934		1,256,769
TOTAL SAUDI ARABIA					139,726,858
SOUTH AFRICA — (3.7%)
	Adcock Ingram Holdings Ltd.		155,195		496,416
	Advtech Ltd.		2,735,558		3,436,175
	AECI Ltd.		598,916		4,446,841
#	African Rainbow Minerals Ltd.		323,175		4,315,052
	Afrimat Ltd.		197,155		650,654
	Alexander Forbes Group Holdings Ltd.		3,790,411		1,086,706
	Altron Ltd., Class A		940,823		675,637
	Alviva Holdings Ltd.		411,231		400,907
#	Astral Foods Ltd.		147,136		1,701,706
	AVI Ltd.		1,103,201		5,716,205
	Barloworld Ltd.		1,009,065		8,474,223
*	Blue Label Telecoms Ltd.		1,809,175		656,816
# *	Brait PLC		3,644,346		1,016,475
	Cashbuild Ltd.		89,628		1,564,092
	Caxton & CTP Publishers & Printers Ltd.		323,754		188,293
*	City Lodge Hotels Ltd.		1,151,953		406,986
	Coronation Fund Managers Ltd.		711,383		2,364,400
# *	Curro Holdings Ltd.		631,789		509,783
	DataTec Ltd.		1,836,989		5,002,148
# W	Dis-Chem Pharmacies Ltd.		989,847		2,066,162
*	Distell Group Holdings Ltd.		227,535		2,726,846
	DRDGOLD Ltd.		1,386,609		1,231,307
*	EOH Holdings Ltd.		21,271		10,619
	Exxaro Resources Ltd.		134,529		1,475,892
*	Famous Brands Ltd.		342,991		1,658,740
*	Foschini Group Ltd.		934,267		7,922,967
*	Grand Parade Investments Ltd.		1,258,031		265,014
*	Grindrod Ltd.		2,501,692		834,986
# *	Grindrod Shipping Holdings Ltd.		38,439		552,336
#	Harmony Gold Mining Co. Ltd., Sponsored ADR		1,627,447		5,891,358
	Hudaco Industries Ltd.		116,059		1,043,831
#	Imperial Logistics Ltd.		597,606		2,440,658
	Investec Ltd.		183,355		844,181
	Italtile Ltd.		852,497		985,323
	JSE Ltd.		349,490		2,445,288
	KAP Industrial Holdings Ltd.		9,913,469		3,050,694
	Lewis Group Ltd.		580,236		1,643,934
*	Liberty Holdings Ltd.		432,662		2,554,631
*	Life Healthcare Group Holdings Ltd.		4,630,466		7,332,713

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH AFRICA — (Continued)
*	Long4Life Ltd.		1,987,403	$	779,807
*	Massmart Holdings Ltd.		411,490		1,688,257
	Merafe Resources Ltd.		3,009,333		226,599
	Metair Investments Ltd.		912,240		1,730,811
	MiX Telematics Ltd.		37,895		19,033
	MiX Telematics Ltd., Sponsored ADR		27,358		342,796
	Momentum Metropolitan Holdings		3,829,966		4,918,275
#	Motus Holdings Ltd.		459,916		3,068,680
*	Mpact Ltd.		1,117,953		2,490,320
	Mr. Price Group Ltd.		507,960		6,629,163
	MultiChoice Group.		101,729		808,976
*	Murray & Roberts Holdings Ltd.		2,863,114		2,623,712
*	Nampak Ltd.		2,047,710		518,604
	NEPI Rockcastle PLC		28,101		187,858
*	Net 1 UEPS Technologies, Inc.		776		4,168
*	Netcare Ltd.		3,444,416		3,812,831
	Ninety One Ltd.		7,063		24,390
*	Northam Platinum Holdings Ltd.		76,106		1,139,722
	Oceana Group Ltd.		285,133		1,140,902
	Omnia Holdings Ltd.		1,076,236		4,452,961
* W	Pepkor Holdings Ltd.		56,738		89,461
#	Pick n Pay Stores Ltd.		1,054,001		4,102,590
*	PPC Ltd.		4,716,070		1,645,191
	PSG Group Ltd.		172,311		863,319
	PSG Konsult Ltd.		814,869		743,476
	Raubex Group Ltd		1,048,406		2,241,350
	RCL Foods Ltd		535,302		450,988
	Reunert Ltd.		759,069		2,507,700
	RFG Holdings Ltd.		423,587		344,891
	Royal Bafokeng Platinum Ltd.		539,585		3,865,491
	Santam Ltd.		155,581		2,587,083
*	Sappi Ltd.		1,465,415		4,501,455
	SPAR Group Ltd.		617,202		7,880,596
	Spur Corp. Ltd.		291,004		364,533
# *	Sun International Ltd.		1,445,805		3,043,914
	Super Group Ltd.		1,914,036		4,004,460
*	Telkom SA SOC Ltd.		1,037,185		3,451,684
#	Tiger Brands Ltd.		255,314		3,232,037
*	Tongaat Hulett Pvt Ltd.		353,085		166,921
	Transaction Capital Ltd.		1,675,879		4,832,796
*	Trencor Ltd.		903,601		256,100
	Truworths International Ltd.		1,405,531		4,955,462
*	Tsogo Sun Gaming Ltd.		1,766,887		1,425,772
*	Tsogo Sun Hotels Ltd.		92,144		21,043
	Wilson Bayly Holmes-Ovcon Ltd.		333,824		2,320,882
#	Woolworths Holdings Ltd.		3,014,039		10,609,503
TOTAL SOUTH AFRICA					197,203,558
SOUTH KOREA — (15.5%)
# *	3S Korea Co. Ltd.		197,866		716,865
	ABco Electronics Co. Ltd.		34,238		333,211
*	Able C&C Co. Ltd.		41,842		274,869
	ABOV Semiconductor Co. Ltd.		57,340		649,041
# *	Abpro Bio Co. Ltd.		630,240		602,891
*	Actoz Soft Co. Ltd.		23,627		225,901
# *	Advanced Digital Chips, Inc.		290,633		222,208
#	Advanced Nano Products Co. Ltd.		31,984		1,224,970
#	Advanced Process Systems Corp.		57,054		1,159,890
	Aekyung Industrial Co. Ltd.		18,948		360,927

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
	Aekyung Petrochemical Co. Ltd.		52,655	$	607,991
*	AeroSpace Technology of Korea, Inc.		27,207		152,186
#	AfreecaTV Co. Ltd.		36,019		5,967,309
*	AFW Co. Ltd.		5,523		31,498
*	Agabang&Company		126,885		576,554
	Ahn-Gook Pharmaceutical Co. Ltd.		28,546		252,958
	Ahnlab, Inc.		24,992		1,755,212
	AJ Networks Co. Ltd.		68,439		328,475
*	Ajin Industrial Co. Ltd.		102,112		309,842
	AK Holdings, Inc.		19,998		454,528
*	Alpha Holdings, Inc.		8,313		25,069
*	ALUKO Co. Ltd.		188,260		646,796
# *	Amicogen, Inc.		19,425		537,692
*	Aminologics Co. Ltd.		293,816		639,043
*	Amo Greentech Co. Ltd.		10,229		149,622
*	Amotech Co. Ltd.		31,831		847,212
*	Anam Electronics Co. Ltd.		228,729		465,482
# *	Ananti, Inc.		252,759		2,867,439
# *	Anterogen Co. Ltd.		2,593		130,367
*	Apact Co. Ltd.		66,064		362,506
*	Aprogen Healthcare & Games, Inc.		348,018		232,068
*	Aprogen Medicines, Inc.		295,531		474,456
*	Aprogen pharmaceuticals, Inc.		861,356		754,087
*	APS Holdings Corp.		61,048		936,315
	APTC Co. Ltd.		5,705		81,947
* ††	Arion Technology, Inc.		51,658		2,279
*	Ascendio Co. Ltd.		42,080		119,512
	Asia Cement Co. Ltd.		6,157		720,900
	ASIA Holdings Co. Ltd.		4,032		430,630
	Asia Pacific Satellite, Inc.		3,095		34,483
	Asia Paper Manufacturing Co. Ltd.		19,706		774,424
*	Asiana Airlines, Inc.		82,372		1,591,211
	Atec Co. Ltd.		18,164		379,010
*	A-Tech Solution Co. Ltd.		10,226		124,110
	Atinum Investment Co. Ltd.		140,303		636,024
*	AUK Corp.		105,844		294,439
	Aurora World Corp.		24,777		218,751
	Austem Co. Ltd.		53,159		129,506
#	Autech Corp.		80,957		757,631
#	Avaco Co. Ltd.		42,545		376,544
	Avatec Co. Ltd.		5,446		103,444
	Baiksan Co. Ltd.		57,960		393,849
# * ††	Barun Electronics Co. Ltd.		10,909		36,584
*	Barunson Entertainment & Arts Corp.		180,998		269,420
#	Bcworld Pharm Co. Ltd.		25,475		370,731
	BGF Co. Ltd.		141,630		673,880
#	BH Co. Ltd.		103,922		1,669,744
# *	Binex Co. Ltd.		126,499		1,799,142
	Binggrae Co. Ltd.		24,680		1,176,809
*	Biolog Device Co. Ltd.		126,061		389,107
# *	BioSmart Co. Ltd.		66,962		310,822
*	Biotoxtech Co. Ltd.		52,802		369,528
	BIT Computer Co. Ltd.		67,460		494,720
	Bixolon Co. Ltd.		39,816		190,316
*	Bluecom Co. Ltd.		46,212		373,749
	BNK Financial Group, Inc.		253,012		1,907,465
#	Boditech Med, Inc.		116,473		1,608,366
*	Bohae Brewery Co. Ltd.		504,472		428,202
	BoKwang Industry Co. Ltd.		66,131		472,643

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
#	Bolak Co. Ltd.		200,936	$	358,425
	Bookook Securities Co. Ltd.		14,493		305,590
	Boryung Pharmaceutical Co. Ltd.		124,087		1,532,632
*	Bosung Power Technology Co. Ltd.		218,995		831,936
*	Bridge Biotherapeutics, Inc.		6,700		69,970
*	Bubang Co. Ltd.		113,279		245,143
#	Bukwang Pharmaceutical Co. Ltd.		129,105		1,445,574
	Busan Industrial Co. Ltd.		341		36,248
	BusinessOn Communication Co. Ltd.		1,912		35,663
	BYC Co. Ltd.		1,007		376,063
*	BYON Co. Ltd.		278,366		288,656
	Byucksan Corp.		165,999		520,823
*	Cafe24 Corp.		25,131		621,297
*	CammSys Corp.		267,893		432,128
	Camus Engineering & Construction, Inc.		27,025		67,110
*	Capro Corp.		154,841		550,160
#	Caregen Co. Ltd.		17,521		1,010,870
*	Carelabs Co. Ltd.		2,553		18,605
	Cell Biotech Co. Ltd.		22,894		350,022
*	Cellumed Co. Ltd.		52,659		314,262
*	CENTRAL MOTEK Co. Ltd.		2,023		50,387
# *	Chabiotech Co. Ltd.		79,908		1,338,243
#	Changhae Ethanol Co. Ltd.		22,759		279,759
*	Charm Engineering Co. Ltd.		192,226		207,301
*	Cheil Bio Co. Ltd.		22,914		69,327
#	Cheil Worldwide, Inc.		140,002		2,860,769
*	Chemon, Inc.		127,578		352,233
#	Chemtronics Co. Ltd.		52,337		1,153,005
*	Chemtros Co. Ltd.		37,558		462,224
	Cheryong Electric Co. Ltd.		54,420		310,134
# *	ChinHung International, Inc.		225,900		408,148
	Chinyang Holdings Corp.		98,939		273,331
	Chips&Media, Inc.		12,271		165,668
*	Choa Pharmaceutical Co.		122,325		428,039
*	Choil Aluminum Co. Ltd.		82,363		166,902
	Chokwang Leather Co. Ltd.		607		31,930
	Chokwang Paint Ltd.		20,012		144,037
	Chong Kun Dang Pharmaceutical Corp.		17,286		1,736,137
	Chongkundang Holdings Corp.		13,490		946,447
#	Choong Ang Vaccine Laboratory		30,464		407,735
*	CHOROKBAEM Co Co. Ltd.		11,387		14,999
*	Chorokbaem Media Co. Ltd.		484,198		1,134,763
	Chosun Refractories Co. Ltd.		6,866		517,487
	Chunbo Co. Ltd.		3,555		864,397
#	Chungdahm Learning, Inc.		20,080		593,384
*	CJ Freshway Corp.		28,355		799,906
# *	CJ Seafood Corp.		94,629		314,875
	CKD Bio Corp.		14,771		533,185
#	Classys, Inc.		47,592		908,105
	Clean & Science Co. Ltd.		18,307		316,046
#	CLIO Cosmetics Co. Ltd.		26,496		509,630
# *	Cloud Air Co. Ltd.		128,993		194,431
# *	CMG Pharmaceutical Co. Ltd.		488,516		1,612,597
# * ††	CNT85, Inc.		2,905		681
*	CoAsia Corp.		5,961		44,561
	Com2uSCorp		24,598		2,709,910
	Commax Co. Ltd.		46,473		232,255
*	Comtec Systems Co. Ltd.		55,335		44,079
# *	Coreana Cosmetics Co. Ltd.		130,046		475,815

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
*	Corentec Co. Ltd.		6,847	$	82,815
*	CORESTEM, Inc.		22,616		361,410
	Cosmax BTI, Inc.		13,075		195,339
*	COSMAX NBT, Inc.		53,231		373,635
*	Cosmax, Inc.		35,658		3,794,071
# *	Cosmecca Korea Co. Ltd.		23,478		300,094
*	CosmoAM&T Co. Ltd.		87,304		3,156,870
*	Cosmochemical Co. Ltd.		84,987		1,133,090
#	Cowell Fashion Co. Ltd.		123,926		976,107
	Cowintech Co. Ltd.		7,177		231,692
	Creas F&C Co. Ltd.		740		27,142
# *	Creative & Innovative System		187,522		2,962,200
	Crown Confectionery Co. Ltd.		22,265		196,449
	CROWNHAITAI Holdings Co. Ltd.		25,793		195,824
# *	CrystalGenomics, Inc.		154,390		907,340
*	CS Bearing Co. Ltd.		2,874		51,168
# *	CTC BIO, Inc.		126,843		942,834
*	CUBE ENTERTAINMENT, Inc.		6,953		106,630
#	Cuckoo Holdings Co. Ltd.		32,153		620,790
#	Cuckoo Homesys Co. Ltd.		30,793		1,148,123
*	Curexo, Inc.		30,247		188,904
# *	Curo Co. Ltd.		641,491		276,907
	Cymechs, Inc.		28,805		404,453
#	D.I Corp.		87,777		595,215
# *	DA Technology Co. Ltd.		60,673		432,780
	Dae Han Flour Mills Co. Ltd.		4,487		630,395
	Dae Hwa Pharmaceutical Co. Ltd.		57,759		493,569
	Dae Hyun Co. Ltd.		102,719		252,995
	Dae Won Chemical Co. Ltd.		92,010		461,049
	Dae Won Kang Up Co. Ltd.		165,207		596,478
*	Dae Young Packaging Co. Ltd.		248,153		528,742
*	Dae Yu Co. Ltd.		4,103		21,815
#	Daea TI Co. Ltd.		295,618		1,675,858
*	Daebo Magnetic Co. Ltd.		2,289		66,444
#	Daebongls Co. Ltd.		29,867		223,379
# *	Daechang Co. Ltd.		262,416		457,854
	Daechang Forging Co. Ltd.		26,733		174,085
*	Daechang Solution Co. Ltd.		71,072		34,196
	Daedong Corp.		67,150		564,640
	Daeduck Co. Ltd.		25,027		157,165
	Daeduck Electronics Co. Ltd.		99,329		1,463,602
*	Daehan New Pharm Co. Ltd.		46,120		442,427
	Daehan Steel Co. Ltd.		52,090		829,774
*	DAEHO AL Co. Ltd.		30,452		101,313
*	Dae-Il Corp.		25,341		123,670
#	Daejoo Electronic Materials Co. Ltd.		47,482		4,270,713
	Daejung Chemicals & Metals Co. Ltd.		3,106		58,504
	Daekyo Co. Ltd.		59,377		220,467
	Daelim B&Co Co. Ltd.		44,437		266,652
*	Daemyung Sonoseason Co. Ltd.		267,361		353,352
	Daeryuk Can Co. Ltd.		12,389		61,192
#	Daesang Corp.		98,489		2,014,875
	Daesang Holdings Co. Ltd.		55,011		471,921
*	Daesung Eltec Co. Ltd.		46,242		39,225
	Daesung Energy Co. Ltd.		35,012		286,348
*	Daesung Fine Tech Co. Ltd.		17,567		33,372
	Daesung Holdings Co. Ltd.		20,492		776,720
*	Daesung Industrial Co. Ltd.		83,195		370,720
*	Daesung Private Equity, Inc.		34,984		102,110

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
*	Daewon Cable Co. Ltd.		267,262	$	441,098
*	Daewon Media Co. Ltd.		35,199		1,036,093
	Daewon Pharmaceutical Co. Ltd.		76,596		1,045,966
	Daewon San Up Co. Ltd.		55,250		314,178
# *	Daewoo Electronic Components Co. Ltd.		156,943		421,703
*	Daewoo Engineering & Construction Co. Ltd.		12,569		67,293
#	Daewoong Co. Ltd.		55,668		1,508,375
	Daewoong Pharmaceutical Co. Ltd.		8,594		1,032,992
*	Dahaam E-Tec Co. Ltd.		2,100		87,159
	Daihan Pharmaceutical Co. Ltd.		21,136		547,309
	Daishin Information & Communication		26,889		29,981
	Daishin Securities Co. Ltd.		127,365		2,274,834
*	Daiyang Metal Co. Ltd.		19,520		90,555
*	Danal Co. Ltd.		236,353		1,673,217
#	Danawa Co. Ltd.		32,398		777,147
#	Daou Data Corp.		64,916		754,896
	Daou Technology, Inc.		98,655		1,973,733
# *	Dasan Networks, Inc.		140,990		861,462
#	Dawonsys Co. Ltd.		107,866		3,042,242
*	Dayou Automotive Seat Technology Co. Ltd.		283,403		435,893
*	Dayou Plus Co. Ltd.		354,517		430,579
	DB Financial Investment Co. Ltd.		134,387		815,199
#	DB HiTek Co. Ltd.		37,963		1,876,443
*	DB, Inc.		546,644		479,165
	DCM Corp.		22,097		424,008
#	Dentium Co. Ltd.		29,022		1,720,409
#	Deutsch Motors, Inc.		102,165		665,779
*	Development Advance Solution Co. Ltd.		39,144		173,267
	Device ENG Co. Ltd.		2,439		61,498
*	Dexter Studios Co. Ltd.		46,226		956,623
#	DGB Financial Group, Inc.		644,591		5,711,607
	DHP Korea Co. Ltd.		48,800		292,109
	DI Dong Il Corp.		5,611		1,380,239
	Digital Chosun Co. Ltd.		144,719		432,210
	Digital Daesung Co. Ltd.		65,314		546,000
	Digital Power Communications Co. Ltd.		138,680		1,766,093
*	DIO Corp.		47,102		1,521,683
	Display Tech Co. Ltd.		52,616		411,285
	DL Construction Co. Ltd.		26,871		678,790
	DL Holdings Co. Ltd.		35,318		1,991,268
	DMS Co. Ltd.		93,018		512,354
#	DNF Co. Ltd.		38,211		670,488
	Dohwa Engineering Co. Ltd.		60,443		410,136
	Dong A Eltek Co. Ltd.		19,652		181,882
	Dong Ah Tire & Rubber Co. Ltd.		38,282		428,604
	Dong-A Hwasung Co. Ltd.		4,831		59,264
	Dong-A Socio Holdings Co. Ltd.		16,055		1,454,663
	Dong-A ST Co. Ltd.		22,300		1,391,825
	Dong-Ah Geological Engineering Co. Ltd.		32,330		511,546
# *	Dongbang Transport Logistics Co. Ltd.		74,641		254,135
	Dongbu Corp.		41,743		539,771
	Dongil Industries Co. Ltd.		4,432		539,061
#	Dongjin Semichem Co. Ltd.		142,043		4,275,784
	Dongkoo Bio & Pharma Co. Ltd.		10,615		73,821
	DongKook Pharmaceutical Co. Ltd.		107,346		2,063,352
	Dongkuk Industries Co. Ltd.		161,706		538,436
#	Dongkuk Steel Mill Co. Ltd.		247,260		3,608,899
#	Dongkuk Structures & Construction Co. Ltd.		129,912		652,878
	Dongsung Chemical Co. Ltd.		140,283		694,505

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
	Dongsung Finetec Co. Ltd.		74,289	$	798,684
*	Dongsung Pharmaceutical Co. Ltd.		8,068		61,506
*	Dongwha Enterprise Co. Ltd.		22,095		1,601,535
	Dongwha Pharm Co. Ltd.		92,411		1,304,562
	Dongwon Development Co. Ltd.		173,212		797,534
#	Dongwon F&B Co. Ltd.		5,249		922,357
#	Dongwon Industries Co. Ltd.		5,132		1,001,513
	Dongwon Systems Corp.		25,142		1,122,638
*	Dongwoo Farm To Table Co. Ltd.		64,179		168,281
	Dongwoon Anatech Co. Ltd.		10,510		54,435
	Dongyang E&P, Inc.		19,653		326,608
*	Dongyang Steel Pipe Co. Ltd.		475,312		589,860
	Doosan Co. Ltd.		22,914		2,027,401
# *	Doosan Infracore Co. Ltd.		145,591		1,310,469
	DoubleUGames Co. Ltd.		41,843		2,299,958
	Douzone Bizon Co. Ltd.		2,597		181,286
	DRB Holding Co. Ltd.		20,458		97,421
*	Dream Security Co. Ltd.		22,218		86,444
	Dreamtech Co. Ltd.		7,465		63,774
*	Dreamus Co.		86,595		347,958
	Drgem Corp.		2,230		22,158
# *	DRTECH Corp.		175,505		231,846
*	DSK Co. Ltd.		6,892		49,098
	DTR Automotive Corp.		16,370		814,849
# *	Duk San Neolux Co. Ltd.		44,916		2,088,495
*	Duksan Techopia Co. Ltd.		5,987		122,268
	Duksung Co. Ltd.		16,254		279,941
	DY Corp.		65,736		309,306
	DY POWER Corp.		34,233		373,895
	DYPNF Co. Ltd.		3,590		118,939
*	E Investment&Development Co. Ltd.		45,203		14,967
# *	E& Corp. Co. Ltd.		111,656		457,252
*	E&M Co. Ltd.		51,773		36,268
	E1 Corp.		15,302		686,708
	Eagon Industrial Ltd.		17,740		216,152
	Easy Bio, Inc.		101,472		438,553
#	Easy Holdings Co. Ltd.		189,353		727,867
	eBEST Investment & Securities Co. Ltd.		14,685		114,183
#	Echo Marketing, Inc.		47,640		708,627
*	EcoBio Holdings Co. Ltd.		38,376		292,814
	Ecoplastic Corp.		6,173		20,357
#	Ecopro Co. Ltd.		69,949		6,014,349
*	Ecopro HN Co. Ltd.		60,256		5,611,129
	e-Credible Co. Ltd.		18,917		324,756
#	Eehwa Construction Co. Ltd.		58,174		334,912
# *	EG Corp.		28,304		435,596
# *	Ehwa Technologies Information Co. Ltd.		328,490		505,549
*	Elcomtec Co. Ltd.		135,002		162,123
	Elentec Co. Ltd.		49,808		460,923
# *	EMKOREA Co. Ltd.		136,418		518,140
# *	EM-Tech Co. Ltd.		48,671		1,099,935
# *	EMW Co. Ltd.		204,411		324,490
*	Enex Co. Ltd.		106,249		222,699
#	ENF Technology Co. Ltd.		39,941		991,066
*	Enplus Co. Ltd.		23,422		69,212
#	Eo Technics Co. Ltd.		38,726		3,571,919
*	e-Starco Co. Ltd.		26,515		74,582
	Estechpharma Co. Ltd.		42,421		382,477
*	ESTsoft Corp.		27,672		425,856

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
# *	E-TRON Co. Ltd.		1,491,477	$	695,787
#	Eugene Corp.		191,672		831,300
	Eugene Investment & Securities Co. Ltd.		270,932		883,364
#	Eugene Technology Co. Ltd.		66,860		2,549,145
	Eusu Holdings Co. Ltd.		59,047		301,498
*	EV Advanced Material Co. Ltd.		11,127		16,564
*	Ewon Comfortech Co. Ltd.		7,999		51,414
*	E-World		10,344		21,641
*	Exem Co. Ltd.		92,152		373,136
	ezCaretech Co. Ltd.		4,888		139,660
*	F&F Co. Ltd.		7,141		5,332,907
	F&F Holdings Co. Ltd.		7,212		241,644
	Farmsco		60,959		317,581
	FarmStory Co. Ltd.		168,511		392,508
#	Fine Semitech Corp.		39,942		874,879
*	Fine Technix Co. Ltd.		75,987		714,347
*	Firstec Co. Ltd.		124,443		226,585
*	FNC Entertainment Co. Ltd.		3,147		27,142
# *	Foosung Co. Ltd.		214,745		3,686,759
	Fursys, Inc.		14,385		480,504
*	FutureChem Co. Ltd.		8,398		126,353
*	Futurestream Networks Co. Ltd.		38,691		32,680
* ††	G.U.ON Co. Ltd.		119,314		4,084
	Gabia, Inc.		44,165		484,732
#	Galaxia Moneytree Co. Ltd.		63,004		441,963
*	Gamevil, Inc.		21,236		1,352,474
	Gaon Cable Co. Ltd.		9,381		228,258
*	GemVax & Kael Co. Ltd.		35,770		571,317
*	Gemvaxlink Co. Ltd.		291,934		401,711
*	Genematrix, Inc.		38,546		325,325
*	Genie Music Corp.		141,523		711,967
*	GenNBio, Inc.		227,719		202,623
	Geumhwa PSC Co. Ltd.		6,842		191,846
*	Gigalane Co. Ltd.		15,332		26,623
	Global Standard Technology Co. Ltd.		812		20,134
*	GMB Korea Corp.		35,866		198,671
*	GNCO Co. Ltd.		339,706		242,566
	GOLFZON Co. Ltd.		13,390		1,623,043
	Golfzon Newdin Holdings Co. Ltd.		91,261		678,124
* ††	Good People Co. Ltd.		225,318		152,568
# *	Grand Korea Leisure Co. Ltd.		85,132		1,190,324
	Green Cross Holdings Corp.		81,583		2,047,875
	Green Cross LabCell Corp.		14,949		1,239,230
*	Green Cross Medical Science Corp.		20,427		144,167
	Green Cross Wellbeing Corp.		5,096		49,213
*	GS Global Corp.		205,551		454,749
	GS Retail Co. Ltd.		6,872		189,728
# *	G-treeBNT Co. Ltd.		55,336		776,190
	Gwangju Shinsegae Co. Ltd.		2,830		468,692
	Haatz, Inc.		5,411		44,390
	Hae In Corp.		4,066		21,625
	HAESUNG DS Co. Ltd.		39,224		1,463,626
*	Haesung Optics Co. Ltd.		40,849		35,177
	Haitai Confectionery & Foods Co. Ltd.		40,008		285,570
	Halla Corp.		100,614		486,543
	Halla Holdings Corp.		31,286		1,366,545
*	Han Chang Corp.		175,437		172,169
#	Han Kuk Carbon Co. Ltd.		126,255		1,360,813
*	Hana Micron, Inc.		95,166		1,883,588

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
# *	Hanall Biopharma Co. Ltd.		83,754	$	1,466,620
	HanChang Paper Co. Ltd.		35,511		62,415
*	Hancom MDS, Inc.		24,878		420,872
*	Hancom, Inc.		72,011		1,235,361
	Handok, Inc.		39,121		793,764
	Handsome Co. Ltd.		59,495		2,149,705
#	Hanil Holdings Co. Ltd.		44,195		528,498
#	Hanil Hyundai Cement Co. Ltd.		13,956		412,253
*	Hanjin Heavy Industries & Construction Co. Ltd.		116,217		953,071
	Hanjin Transportation Co. Ltd.		40,253		1,197,996
* ††	Hankook Corp., Inc.		9,559		767
*	Hankook Cosmetics Manufacturing Co. Ltd.		8,474		228,493
	Hankook Shell Oil Co. Ltd.		2,750		657,425
*	Hankook Technology, Inc.		111,641		97,758
*	Hankuk Steel Wire Co. Ltd.		9,082		59,503
	Hanla IMS Co. Ltd.		23,956		124,324
	Hanmi Semiconductor Co. Ltd.		99,589		2,745,210
	HanmiGlobal Co. Ltd.		31,164		285,328
*	Hans Biomed Corp.		33,731		403,774
#	Hansae Co. Ltd.		74,584		1,484,050
	Hansae Yes24 Holdings Co. Ltd.		45,615		311,271
	Hanshin Construction		34,347		560,389
	Hanshin Machinery Co.		91,006		338,104
	Hansol Chemical Co. Ltd.		8,885		2,507,423
	Hansol Holdings Co. Ltd.		144,162		467,965
# *	Hansol HomeDeco Co. Ltd.		255,321		439,227
	Hansol Logistics Co. Ltd.		24,534		99,216
	Hansol Paper Co. Ltd.		70,349		868,964
*	Hansol Technics Co. Ltd.		116,249		674,038
	Hanssem Co. Ltd.		4,250		370,054
	Hanwha Aerospace Co. Ltd.		76,650		2,960,570
	Hanwha Corp.		64,206		1,848,289
*	Hanwha General Insurance Co. Ltd.		244,653		947,821
*	Hanwha Investment & Securities Co. Ltd.		463,500		2,202,283
	Hanyang Eng Co. Ltd.		41,731		549,974
	Hanyang Securities Co. Ltd.		37,231		567,480
*	Harim Co. Ltd.		208,696		514,699
#	Harim Holdings Co. Ltd.		145,706		1,208,609
*	HB SOLUTION Co. Ltd.		28,101		514,846
#	HB Technology Co. Ltd.		271,906		592,622
	HDC Hyundai Development Co. Engineering & Construction, Class E		103,857		2,277,511
	HDC Hyundai Engineering Plastics Co. Ltd.		50,887		256,541
#	HDC I-Controls Co. Ltd.		24,719		250,862
# *	Helixmith Co. Ltd.		51,227		1,045,765
*	Heung-A Shipping Co. Ltd.		120,300		390,687
*	Heungkuk Fire & Marine Insurance Co. Ltd.		211,172		701,699
*	HFR, Inc.		14,333		262,056
	High Tech Pharm Co. Ltd.		9,245		128,234
	HIMS Co. Ltd.		3,230		25,224
#	Hite Jinro Co. Ltd.	��	71,276		2,127,054
#	Hitejinro Holdings Co. Ltd.		27,709		353,286
*	HJ Magnolia Yongpyong Hotel & Resort Corp.		130,384		704,508
# *	HLB Life Science Co. Ltd.		228,090		2,920,968
*	HLB POWER Co. Ltd.		199,045		286,664
	HLscience Co. Ltd.		3,143		97,539
* ††	HNT Electronics Co. Ltd.		55,565		17,118
*	Home Center Holdings Co. Ltd.		427,427		631,578
# *	Homecast Co. Ltd.		143,591		379,749
	HS Industries Co. Ltd.		173,247		998,144

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
*	HSD Engine Co. Ltd.		87,801	$	695,185
#	Huchems Fine Chemical Corp.		78,515		1,779,556
*	Hugel, Inc.		2,576		400,264
*	Humasis Co. Ltd.		52,128		721,755
*	Humax Co. Ltd.		59,443		258,175
	Humedix Co. Ltd.		25,895		615,536
*	Huneed Technologies		34,054		207,043
#	Huons Co. Ltd.		29,161		1,264,500
	Huons Global Co. Ltd.		26,067		1,102,279
#	Huvis Corp.		67,616		565,774
	Huvitz Co. Ltd.		39,547		293,587
	Hwa Shin Co. Ltd.		48,675		400,969
	Hwacheon Machine Tool Co. Ltd.		4,961		155,554
# *	Hwail Pharm Co. Ltd.		150,233		364,804
	Hwangkum Steel & Technology Co. Ltd.		41,151		319,345
	Hwaseung Corp. Co. Ltd.		109,327		263,795
#	Hwaseung Enterprise Co. Ltd.		71,812		1,056,904
*	Hwaseung R&A Co. Ltd.		51,059		267,112
	HwaSung Industrial Co. Ltd.		45,010		516,237
	Hy-Lok Corp.		37,211		603,653
*	Hyosung Chemical Corp.		3,635		900,262
#	Hyosung Corp.		7,523		666,065
*	Hyosung Heavy Industries Corp.		1,710		98,895
	Hyosung TNC Corp.		537		276,080
	HyosungITX Co. Ltd.		14,677		240,419
	Hyundai Bioland Co. Ltd.		64,133		1,097,398
	Hyundai BNG Steel Co. Ltd.		41,421		593,643
*	Hyundai Construction Equipment Co. Ltd.		54,680		1,892,611
#	Hyundai Corp.		34,575		545,705
	Hyundai Corp. Holdings, Inc.		23,971		266,277
	Hyundai Department Store Co. Ltd.		46,770		3,320,864
*	Hyundai Electric & Energy System Co. Ltd.		50,960		968,061
	Hyundai Elevator Co. Ltd.		72,251		3,000,281
	Hyundai Energy Solutions Co. Ltd.		1,831		36,077
	Hyundai Ezwel Co. Ltd.		82,435		696,696
	Hyundai Futurenet Co. Ltd.		197,961		797,539
#	Hyundai Greenfood Co. Ltd.		202,636		1,684,813
	Hyundai Home Shopping Network Corp.		26,589		1,596,073
	Hyundai HT Co. Ltd.		8,282		63,390
	Hyundai Livart Furniture Co. Ltd.		50,975		692,804
	Hyundai Marine & Fire Insurance Co. Ltd.		153,436		3,450,727
*	Hyundai Mipo Dockyard Co. Ltd.		6,685		434,758
	Hyundai Motor Securities Co. Ltd.		76,683		833,009
	Hyundai Pharmaceutical Co. Ltd.		96,966		492,679
# *	Hyundai Rotem Co. Ltd.		200,316		3,879,131
	Hyundai Wia Corp.		65,353		4,719,520
*	Hyungji Elite, Inc.		17,875		59,915
# * ††	Hyupjin Co. Ltd.		97,584		70,147
	HyVision System, Inc.		58,211		840,142
*	I&C Technology Co. Ltd.		56,987		199,472
#	i3system, Inc.		21,257		310,932
*	iA, Inc.		1,114,285		976,952
	ICD Co. Ltd.		60,918		653,432
# *	Icure Pharm, Inc.		5,160		176,849
	IDIS Holdings Co. Ltd.		1,320		14,490
*	IHQ, Inc.		318,701		505,583
*	Il Dong Pharmaceutical Co. Ltd.		48,363		583,290
	Il Sung Construction Co. Ltd.		26,318		138,393
#	Iljin Diamond Co. Ltd.		30,985		1,004,798

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
*	Iljin Display Co. Ltd.		96,082	$	285,226
	Iljin Electric Co. Ltd.		81,571		400,446
#	Iljin Holdings Co. Ltd.		90,465		519,737
	Iljin Power Co. Ltd.		9,780		144,800
	Ilshin Spinning Co. Ltd.		6,575		644,664
# *	Ilshin Stone Co. Ltd.		206,774		492,426
	ilShinbiobase Co. Ltd.		147,117		549,897
#	Ilsung Pharmaceuticals Co. Ltd.		4,137		274,585
#	Ilyang Pharmaceutical Co. Ltd.		59,729		1,525,014
*	IM Co. Ltd.		41,501		34,645
	iMarketKorea, Inc.		74,129		697,832
*	INBIOGEN Co. Ltd.		57,854		184,072
	InBody Co. Ltd.		44,661		1,039,585
*	INCON Co. Ltd.		63,380		100,643
*	Incross Co. Ltd.		17,970		710,528
	INFAC Corp.		1,703		23,211
# *	Infinitt Healthcare Co. Ltd.		60,954		372,809
* ††	Infinity NT Co. Ltd.		414,534		129,437
	INITECH Co. Ltd.		34,978		180,893
	Innocean Worldwide, Inc.		40,415		2,034,402
*	Innometry Co. Ltd.		3,145		40,563
	InnoWireless, Inc.		20,746		672,339
# *	Innox Advanced Materials Co. Ltd.		60,779		2,210,154
*	Inscobee, Inc.		313,331		880,010
# *	Insun ENT Co. Ltd.		125,683		1,306,016
	Intekplus Co. Ltd.		17,565		377,427
	Intellian Technologies, Inc.		10,922		667,947
	Intelligent Digital Integrated Security Co. Ltd.		25,863		564,373
# *	Interflex Co. Ltd.		58,701		652,706
#	Interojo Co. Ltd.		37,170		939,366
	Interpark Corp.		265,024		1,520,523
	INTOPS Co. Ltd.		50,901		1,015,277
# *	iNtRON Biotechnology, Inc.		80,956		1,336,800
	Inzi Controls Co. Ltd.		5,304		76,719
	INZI Display Co. Ltd.		20,792		60,235
# *	Iones Co. Ltd.		71,025		526,977
#	IS Dongseo Co. Ltd.		62,228		2,412,864
	ISC Co. Ltd.		45,161		1,021,702
	i-SENS, Inc.		41,405		1,188,084
	ISU Chemical Co. Ltd.		85,119		1,110,109
*	IsuPetasys Co. Ltd.		176,576		625,797
	It’s Hanbul Co. Ltd.		24,577		453,935
*	Jahwa Electronics Co. Ltd.		50,494		808,988
	JASTECH Ltd.		29,488		157,060
*	Jayjun Cosmetic Co. Ltd.		256,148		253,127
	JB Financial Group Co. Ltd.		506,056		3,847,035
#	JC Chemical Co. Ltd.		11,668		101,497
	JC Hyun System, Inc.		50,883		281,834
*	Jcontentree Corp.		23,701		1,422,689
	Jeil Pharmaceutical Co. Ltd.		5,220		151,866
*	Jeju Semiconductor Corp.		124,855		512,932
# *	Jeongsan Aikang Co. Ltd.		126,662		232,220
	Jinro Distillers Co. Ltd.		7,784		209,352
	Jinsung T.E.C.		46,797		479,431
	JLS Co. Ltd.		45,466		295,331
*	JNK Heaters Co. Ltd.		62,635		381,432
*	JNTC Co. Ltd.		3,829		27,072
*	JoyCity Corp.		33,623		315,281
# *	Jusung Engineering Co. Ltd.		178,294		1,718,005

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
	JVM Co. Ltd.		23,322	$	320,438
#	JW Holdings Corp.		175,110		586,773
	JW Life Science Corp.		34,614		479,967
#	JW Pharmaceutical Corp.		61,888		1,239,099
*	JW Shinyak Corp.		56,118		185,725
	JYP Entertainment Corp.		111,262		5,004,052
# *	Kanglim Co. Ltd.		152,155		319,530
	Kangnam Jevisco Co. Ltd.		14,797		316,918
*	Kangstem Biotech Co. Ltd.		66,644		199,843
#	KAON Media Co. Ltd.		56,191		794,887
	KC Co. Ltd.		30,758		603,367
	KC Green Holdings Co. Ltd.		56,962		250,734
	KC Tech Co. Ltd.		48,189		928,963
	KCC Engineering & Construction Co. Ltd.		29,044		248,756
	KCC Glass Corp.		26,167		1,351,132
	KCI Ltd.		23,655		179,129
	KCTC		25,319		140,710
# *	KEC Corp.		384,550		1,224,665
#	KEPCO Engineering & Construction Co., Inc.		52,592		3,193,272
#	KEPCO Plant Service & Engineering Co. Ltd.		45,946		1,644,627
*	KEYEAST Co. Ltd.		58,751		762,344
	KG Chemical Corp.		14,892		433,631
	Kginicis Co. Ltd.		74,270		1,187,465
	KGMobilians Co. Ltd.		78,729		620,415
*	KH Electron Co. Ltd.		208,977		139,004
*	KH FEELUX Co. Ltd.		370,756		963,213
# *	KH Vatec Co. Ltd.		69,748		1,443,388
*	KineMaster Corp.		20,329		296,958
	KINX, Inc.		13,780		564,660
	KISCO Corp.		73,250		564,019
	KISCO Holdings Co. Ltd.		38,757		607,529
	KISWIRE Ltd.		42,608		1,004,444
	KleanNara Co. Ltd.		4,131		15,912
	KL-Net Corp.		61,091		227,643
	KM Corp.		34,364		242,484
*	KMH Co. Ltd.		76,111		586,683
# *	KMW Co. Ltd.		61,705		2,180,427
	Kocom Co. Ltd.		30,712		174,925
#	Koentec Co. Ltd.		88,341		684,865
	Koh Young Technology, Inc.		232,869		3,679,788
#	Kolmar BNH Co. Ltd.		33,466		1,017,948
#	Kolmar Korea Co. Ltd.		62,555		2,391,506
	Kolmar Korea Holdings Co. Ltd.		32,252		637,589
	Kolon Corp.		27,737		842,093
#	Kolon Global Corp.		29,832		666,021
	Kolon Industries, Inc.		70,901		5,425,021
*	Kolon Plastic, Inc.		60,456		847,123
	Komelon Corp.		21,175		220,095
	KoMiCo Ltd.		28,518		1,993,608
*	KONA I Co. Ltd.		19,096		565,398
	Kopla Co. Ltd.		76,189		568,016
#	Korea Alcohol Industrial Co. Ltd.		57,156		681,425
	Korea Asset In Trust Co. Ltd.		230,553		872,371
	Korea Cast Iron Pipe Industries Co. Ltd.		50,364		424,193
*	Korea Circuit Co. Ltd.		51,521		696,807
	Korea District Heating Corp.		12,084		427,681
	Korea Electric Terminal Co. Ltd.		24,601		1,591,988
	Korea Electronic Certification Authority, Inc.		76,475		525,176
	Korea Electronic Power Industrial Development Co. Ltd.		62,193		887,266

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
	Korea Export Packaging Industrial Co. Ltd.		5,621	$	123,976
	Korea Flange Co. Ltd.		70,591		175,807
*	Korea Information & Communications Co. Ltd.		24,722		196,537
*	Korea Line Corp.		710,410		1,721,184
#	Korea Petrochemical Ind Co. Ltd.		14,726		2,340,773
	Korea Real Estate Investment & Trust Co. Ltd.		631,386		1,266,387
#	Korea United Pharm, Inc.		39,784		1,661,833
	Korean Reinsurance Co.		362,651		3,003,097
	Kortek Corp.		40,078		377,595
*	KOSES Co. Ltd.		17,598		186,452
# *	KPM Tech Co. Ltd.		304,770		357,730
*	KPS Corp.		2,345		25,363
	KPX Chemical Co. Ltd.		8,847		437,516
*	KSIGN Co. Ltd.		220,369		436,461
	KSS LINE Ltd.		66,599		679,746
*	KT Alpha Co. Ltd.		74,180		584,257
	KT Skylife Co. Ltd.		93,341		810,001
#	KT Submarine Co. Ltd.		60,071		308,927
	KTB Investment & Securities Co. Ltd.		197,713		1,116,743
	KTCS Corp.		129,498		296,247
	Ktis Corp.		123,991		269,982
*	Kuk Young G&M		152,903		262,564
	Kukbo Design Co. Ltd.		13,600		289,166
	Kukdo Chemical Co. Ltd.		14,435		826,944
	Kukdong Corp.		58,432		127,235
#	Kukdong Oil & Chemicals Co. Ltd.		76,171		282,409
# *	Kuk-il Paper Manufacturing Co. Ltd.		412,206		1,518,821
*	Kum Yang Co. Ltd.		95,714		416,982
*	Kumho Tire Co., Inc.		393,348		1,798,479
	KUMHOE&C Co. Ltd.		82,952		857,429
	Kumkang Kind Co. Ltd.		62,740		423,366
	Kwang Dong Pharmaceutical Co. Ltd.		152,957		1,017,868
	Kwang Myung Electric Co. Ltd.		159,899		422,935
#	Kyeryong Construction Industrial Co. Ltd.		31,006		952,137
	Kyobo Securities Co. Ltd.		73,316		552,265
	Kyongbo Pharmaceutical Co. Ltd.		50,392		429,040
	Kyung Dong Navien Co. Ltd.		29,656		1,702,559
*	Kyung Nam Pharm Co. Ltd.		4,697		24,265
	Kyung Nong Corp.		15,142		172,004
#	Kyungbang Co. Ltd.		47,694		543,730
*	Kyungchang Industrial Co. Ltd.		13,370		43,980
	KyungDong City Gas Co. Ltd.		14,614		294,504
	Kyungdong Pharm Co. Ltd.		73,304		902,621
	Kyung-In Synthetic Corp.		138,849		835,333
#	L&C Bio Co. Ltd.		19,772		579,398
*	Lake Materials Co. Ltd.		68,071		272,258
	LaonPeople, Inc.		2,594		37,963
#	LB Semicon, Inc.		141,058		1,534,643
	LEADCORP, Inc.		79,163		678,519
*	Leaders Cosmetics Co. Ltd.		4,536		15,888
	Lee Ku Industrial Co. Ltd.		11,978		39,939
	LEENO Industrial, Inc.		15,458		2,265,597
*	Leenos Corp.		73,526		89,047
	LF Corp.		76,452		1,198,072
	LG HelloVision Co. Ltd.		132,749		786,973
#	LIG Nex1 Co. Ltd.		48,270		1,935,023
	Lion Chemtech Co. Ltd.		33,546		262,430
	LMS Co. Ltd.		20,005		191,586
# *	Lock & Lock Co. Ltd.		81,854		735,763

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
# *	Longtu Korea, Inc.		75,734	$	389,776
	LOT Vacuum Co. Ltd.		45,136		564,183
	Lotte Chilsung Beverage Co. Ltd.		15,682		1,958,116
	Lotte Confectionery Co. Ltd.		3,088		340,468
*	Lotte Data Communication Co.		2,515		82,600
	LOTTE Fine Chemical Co. Ltd.		76,511		5,585,905
	Lotte Food Co. Ltd.		1,943		634,992
#	LOTTE Himart Co. Ltd.		43,803		1,041,086
*	Lotte Non-Life Insurance Co. Ltd.		226,584		357,184
#	LS Cable & System Asia Ltd.		42,484		304,930
#	LS Corp.		30,860		1,654,548
#	LS Electric Co. Ltd.		24,930		1,261,726
*	Lutronic Corp.		96,909		1,564,353
*	LVMC Holdings		240,724		691,115
	LX Hausys Ltd.		27,474		1,638,198
	LX International Corp.		115,634		2,695,384
#	LX Semicon Co. Ltd.		50,228		4,722,871
	Maeil Dairies Co. Ltd.		4,163		251,260
	Maeil Holdings Co. Ltd.		22,787		193,402
# *	Maniker Co. Ltd.		577,058		214,320
#	Mcnex Co. Ltd.		57,775		2,149,383
	ME2ON Co. Ltd.		105,695		534,003
#	Mediana Co. Ltd.		46,093		236,978
*	MEDICOX Co. Ltd.		94,604		90,739
# * ††	Medience Co. Ltd.		53,361		212,339
*	Medifron DBT Co. Ltd.		10,923		25,258
*	Medipost Co. Ltd.		46,429		905,150
#	Medy-Tox, Inc.		10,861		1,394,410
# *	Meerecompany, Inc.		18,431		389,978
#	MegaStudy Co. Ltd.		34,794		413,102
	MegaStudyEdu Co. Ltd.		33,455		2,202,463
	MEKICS Co. Ltd.		4,300		34,885
	Meritz Financial Group, Inc.		11,015		315,065
	Meritz Fire & Marine Insurance Co. Ltd.		62,230		1,479,190
	META BIOMED Co. Ltd.		84,496		222,342
*	Mgame Corp.		82,559		665,762
	Mi Chang Oil Industrial Co. Ltd.		3,145		213,616
*	MiCo BioMed Co. Ltd.		2,903		29,213
*	MiCo Ltd.		120,402		1,444,905
	Minwise Co. Ltd.		34,635		555,153
	Mirae Asset Life Insurance Co. Ltd.		278,000		1,016,932
	Mirae Asset Venture Investment Co. Ltd.		25,958		187,652
*	Mirae Corp.		7,396		87,318
	Miwon Chemicals Co. Ltd.		3,853		264,117
	Miwon Commercial Co. Ltd.		5,072		901,047
	Miwon Specialty Chemical Co. Ltd.		6,764		1,247,666
	MK Electron Co. Ltd.		65,543		1,057,964
*	MNTech Co. Ltd.		82,096		294,227
*	Mobile Appliance, Inc.		150,262		482,196
# *	MOM’S TOUCH&Co.		111,054		464,786
	Monalisa Co. Ltd.		80,698		274,450
#	MonAmi Co. Ltd.		77,418		310,519
	Moorim P&P Co. Ltd.		100,356		384,981
	Moorim Paper Co. Ltd.		98,251		230,692
#	Motonic Corp.		40,895		390,020
*	Motrex Co. Ltd.		20,315		98,902
*	MP Daesan, Inc.		151,072		106,543
	mPlus Corp.		11,434		135,413
	Mr Blue Corp.		4,494		34,046

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
#	MS Autotech Co. Ltd.		120,025	$	624,797
	Muhak Co. Ltd.		56,713		472,636
#	Multicampus Co. Ltd.		10,891		350,404
*	MyungMoon Pharm Co. Ltd.		128,892		627,325
*	N2Tech Co. Ltd.		16,543		29,616
*	Naintech Co. Ltd.		11,578		32,086
#	Nam Hwa Construction Co. Ltd.		30,178		239,442
#	Namhae Chemical Corp.		91,931		1,056,983
*	NamKwang Engineering & Construction Co. Ltd.		2,218		28,972
# *	Namsun Aluminum Co. Ltd.		285,935		719,860
	Namsung Corp.		22,310		64,879
*	Namu Tech Co. Ltd.		22,466		56,158
*	Namuga Co. Ltd.		36,468		261,656
	Namyang Dairy Products Co. Ltd.		1,212		475,518
*	NanoenTek, Inc.		93,878		579,512
*	Nanos Co. Ltd.		22,823		112,967
	Nasmedia Co. Ltd.		17,192		519,380
*	Nat Games Co. Ltd.		21,949		287,837
# *	Nature & Environment Co. Ltd.		301,292		489,655
*	NDFOS Co. Ltd.		16,993		131,560
	NeoPharm Co. Ltd.		21,714		497,623
*	Neowiz		54,508		1,229,558
*	Neowiz Holdings Corp.		19,937		856,826
# *	NEPES Corp.		73,967		2,224,362
	Newtree Co. Ltd.		2,760		67,809
	Nexen Corp.		108,320		466,070
#	Nexen Tire Corp.		156,544		1,014,907
*	Nexon GT Co. Ltd.		31,371		319,033
*	NEXT BT Co. Ltd.		18,008		25,070
# *	Next Entertainment World Co. Ltd.		74,614		1,097,910
	NextEye Co. Ltd.		197,968		285,094
*	Nexturnbioscience Co. Ltd.		45,576		300,839
*	NHN Corp.		26,956		1,847,005
# *	NHN KCP Corp.		56,859		2,789,833
	NICE Holdings Co. Ltd.		86,345		1,250,132
	Nice Information & Telecommunication, Inc.		24,833		716,578
#	NICE Information Service Co. Ltd.		148,270		2,509,108
	NICE Total Cash Management Co. Ltd.		64,820		308,440
*	NK Co. Ltd.		285,626		275,945
*	NK Mulsan Co. Ltd.		46,671		73,868
	Nong Shim Holdings Co. Ltd.		9,009		596,274
	Nong Woo Bio Co. Ltd.		33,634		342,059
	NongShim Co. Ltd.		6,662		1,615,357
	Noroo Holdings Co. Ltd.		9,344		97,638
	NOROO Paint & Coatings Co. Ltd.		39,524		352,675
	NOVAREX Co. Ltd.		1,879		66,864
	NPC		66,771		364,235
*	NS Co. Ltd.		9,047		87,812
	NS Shopping Co. Ltd.		61,077		727,474
*	NSN Co. Ltd.		15,112		16,876
*	nTels Co. Ltd.		37,498		339,191
*	Nuintek Co. Ltd.		5,752		17,488
*	NuriFlex Co. Ltd.		17,628		120,140
*	NUVOTEC Co. Ltd.		153,125		165,269
	Oceanbridge Co. Ltd.		19,278		227,539
	Okong Corp.		14,342		54,097
*	Omnisystem Co. Ltd.		171,440		328,204
	Openbase, Inc.		117,833		326,813
	Opto Device Technology Co. Ltd.		29,480		175,038

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
#	OptoElectronics Solutions Co. Ltd.		36,198	$	1,037,290
*	OPTRON-TEC, Inc.		98,190		712,046
# *	Orbitech Co. Ltd.		96,889		594,607
*	Orientbio, Inc.		437,273		502,115
#	Orion Holdings Corp.		100,901		1,383,350
*	OSANGJAIEL Co. Ltd.		31,541		254,924
	Osstem Implant Co. Ltd.		47,384		5,022,769
# *	Osung Advanced Materials Co. Ltd.		258,797		587,202
	Ottogi Corp.		2,626		1,081,719
#	Paik Kwang Industrial Co. Ltd.		128,714		621,425
*	Pan Entertainment Co. Ltd.		4,885		29,950
*	PANAGENE, Inc.		15,868		50,870
	Pang Rim Co. Ltd.		101,740		236,334
*	Pan-Pacific Co. Ltd.		119,402		278,580
# *	Paradise Co. Ltd.		125,164		1,866,496
	Park Systems Corp.		2,074		210,681
#	Partron Co. Ltd.		174,259		1,399,359
*	Paru Co. Ltd.		26,788		26,083
	Paseco Co. Ltd.		7,922		150,232
#	People & Technology, Inc.		30,908		926,376
#	PharmaResearch Co. Ltd.		21,005		1,657,098
*	PharmGen Science, Inc.		68,340		694,466
*	Pharmicell Co. Ltd.		161,353		1,728,421
*	Philoptics Co. Ltd.		3,285		29,452
*	Philosys Healthcare Co. Ltd.		60,362		57,130
	PI Advanced Materials Co. Ltd.		61,313		2,374,845
	PLAYWITH, Inc.		7,511		72,332
	Point Engineering Co. Ltd.		11,227		33,910
*	POLARIS WORKS, Inc.		11,295		16,916
* ††	POLUS BioPharm, Inc.		42,209		8,297
#	Poongsan Corp.		83,760		2,373,166
	Poongsan Holdings Corp.		26,475		646,231
	POSCO Coated & Color Steel Co. Ltd.		3,402		166,693
#	Posco ICT Co. Ltd.		241,905		1,387,439
	Posco M-Tech Co. Ltd.		108,798		752,331
*	Power Logics Co. Ltd.		109,408		740,543
# *	Prostemics Co. Ltd.		64,485		153,093
#	Protec Co. Ltd.		19,624		453,159
	PS TEC Co. Ltd.		41,635		169,660
#	PSK, Inc.		43,133		1,429,005
	Pulmuone Co. Ltd.		43,102		629,788
*	Puloon Technology, Inc.		4,603		46,723
	Pungkuk Alcohol Industry Co. Ltd.		23,801		357,960
	Pyeong Hwa Automotive Co. Ltd.		39,595		376,226
	QSI Co. Ltd.		1,036		14,264
*	RaonSecure Co. Ltd.		159,690		671,269
*	Ray Co. Ltd/KR		18,972		470,104
	Rayence Co. Ltd.		21,966		247,495
* ††	Redrover Co. Ltd.		111,853		32,844
#	Reyon Pharmaceutical Co. Ltd.		28,614		1,360,317
#	RFHIC Corp.		71,961		1,937,466
*	RFTech Co. Ltd.		114,269		577,724
	RN2 Technologies Co. Ltd.		3,743		53,549
*	Robostar Co. Ltd.		29,213		510,392
*	Robotis Co. Ltd.		9,311		101,963
*	Rorze Systems Corp.		12,806		58,616
#	Rsupport Co. Ltd.		59,819		366,749
	S Net Systems, Inc.		50,152		282,687
#	S&S Tech Corp.		67,602		2,133,631

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

			Shares		Value»
SOUTH KOREA — (Continued)
*		S.Y. Co. Ltd.		134,827	$	443,432
		Sajo Industries Co. Ltd.		10,543		431,005
		Sajodaerim Corp.		2,580		61,500
*		Sajodongaone Co. Ltd.		29,518		32,184
# *		Sam Chun Dang Pharm Co. Ltd.		57,699		2,331,032
# *		SAM KANG M&T Co. Ltd.		103,756		1,852,451
		Sam Young Electronics Co. Ltd.		45,179		467,064
#		Sam Yung Trading Co. Ltd.		77,883		1,036,321
		Sambo Corrugated Board Co. Ltd.		7,239		89,274
*		Sambo Motors Co. Ltd.		41,637		231,583
*		Sambu Engineering & Construction Co. Ltd.		221,891		396,052
		Samchully Co. Ltd.		9,076		733,516
#		Samchuly Bicycle Co. Ltd.		34,522		288,671
#		Samho Development Co. Ltd.		75,689		329,646
		SAMHWA Paints Industrial Co. Ltd.		47,612		409,623
		Samick Musical Instruments Co. Ltd.		235,828		367,558
#		Samick THK Co. Ltd.		39,009		399,727
#		Samil Pharmaceutical Co. Ltd.		43,326		301,297
		Samji Electronics Co. Ltd.		37,339		391,235
		Samjin LND Co. Ltd.		98,862		354,098
		Samjin Pharmaceutical Co. Ltd.		40,194		885,760
*		Samkee Corp.		55,391		248,752
*		Sammok S-Form Co. Ltd.		20,777		287,495
#		SAMPYO Cement Co. Ltd.		125,588		536,853
*		Samsung Pharmaceutical Co. Ltd.		267,348		1,338,020
		Samsung Publishing Co. Ltd.		21,784		639,917
		SAMT Co. Ltd.		249,735		1,122,773
		Samwha Capacitor Co. Ltd.		33,372		1,625,603
		Samwha Electric Co. Ltd.		19,700		487,826
		Samyang Corp.		15,031		879,502
#		Samyang Foods Co. Ltd.		14,950		1,047,902
		Samyang Holdings Corp.		16,535		1,457,595
		Samyang Packaging Corp.		1,872		42,319
		Samyang Tongsang Co. Ltd.		5,256		287,197
*		Samyoung Chemical Co. Ltd.		19,509		52,752
#		Sang-A Frontec Co. Ltd.		39,148		2,117,706
*		Sangbo Corp.		96,831		163,232
*		Sangsangin Co. Ltd.		137,397		1,053,042
		Sangsin Energy Display Precision Co. Ltd.		47,374		693,489
		SaraminHR Co. Ltd.		28,185		1,109,153
		Satrec Initiative Co. Ltd.		26,747		1,153,207
		SAVEZONE I&C Corp.		84,187		229,996
*		SBI Investment Korea Co. Ltd.		442,856		670,142
*		SBS Media Holdings Co. Ltd.		113,708		201,382
# *		SBW		962,183		608,716
		SCI Information Service, Inc.		18,181		52,294
# *		S-Connect Co. Ltd.		226,151		353,573
*		SD Biotechnologies Co. Ltd.		20,706		59,143
# *		SDN Co. Ltd.		224,182		432,612
		Seah Besteel Corp.		51,280		951,429
		SeAH Holdings Corp.		3,283		311,928
		SeAH Steel Corp.		5,429		480,754
		SeAH Steel Holdings Corp.		7,011		754,421
		Sebang Co. Ltd.		52,131		557,906
#		Sebang Global Battery Co. Ltd.		24,743		1,739,559
	��	Secuve Co. Ltd.		194,990		216,952
		Segyung Hitech Co. Ltd.		5,861		121,986
		Sejin Heavy Industries Co. Ltd.		23,264		129,826
		Sejong Industrial Co. Ltd.		53,849		507,411

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
*	Sejong Telecom, Inc.		1,627,463	$	809,171
*	Sekonix Co. Ltd.		47,555		336,471
# *	Selvas AI, Inc.		94,564		317,492
	Sempio Foods Co.		11,376		450,679
	Semyung Electric Machinery Co. Ltd.		8,458		38,877
	S-Energy Co. Ltd.		75,802		305,239
#	Seobu T&D		151,133		1,132,671
	Seohan Co. Ltd.		356,090		588,422
# *	Seojin System Co. Ltd.		26,928		796,742
*	Seoul Auction Co. Ltd.		41,464		993,268
	Seoul City Gas Co. Ltd.		777		110,604
*	Seoul Food Industrial Co. Ltd.		1,520,855		428,703
# *	Seoul Pharma Co. Ltd.		22,356		135,041
#	Seoul Semiconductor Co. Ltd.		182,458		2,336,495
	Seoul Viosys Co. Ltd.		1,728		20,858
#	Seoulin Bioscience Co. Ltd.		31,699		610,164
# *	Seowon Co. Ltd.		158,377		290,874
	SEOWONINTECH Co. Ltd.		30,564		167,115
#	Seoyon Co. Ltd.		56,279		757,794
	Seoyon E-Hwa Co. Ltd.		37,029		245,362
	Settle Bank, Inc.		5,871		163,707
	Sewha P&C, Inc.		69,084		104,900
*	Sewon E&C Co. Ltd.		518,090		485,697
††	Sewon Precision Industry Co. Ltd.		25,563		33,183
	SEWOONMEDICAL Co. Ltd.		96,699		352,589
#	SFA Engineering Corp.		80,518		2,435,195
# *	SFA Semicon Co. Ltd.		341,894		1,858,212
	S-Fuelcell Co. Ltd.		5,248		147,712
*	SG Corp.		525,085		310,777
	SGC e Tec E&C Co. Ltd.		4,827		287,182
*	SH Energy & Chemical Co. Ltd.		396,837		371,692
#	Shin Heung Energy & Electronics Co. Ltd.		8,995		506,882
	Shindaeyang Paper Co. Ltd.		7,593		569,983
#	Shinil Electronics Co. Ltd.		324,797		540,835
	Shinsegae Engineering & Construction Co. Ltd.		11,416		373,269
	Shinsegae Food Co. Ltd.		6,389		494,700
#	Shinsegae International, Inc.		7,862		1,133,785
	Shinsegae, Inc.		367		78,065
	Shinsung Delta Tech Co. Ltd.		37,353		519,723
*	Shinsung E&G Co. Ltd.		610,324		1,237,884
# *	Shinsung Tongsang Co. Ltd.		217,640		671,583
#	Shinwha Intertek Corp.		111,797		335,229
*	Shinwon Corp.		193,213		569,139
	Shinyoung Securities Co. Ltd.		18,479		994,037
*	SHOWBOX Corp.		131,610		784,488
*	Signetics Corp.		215,282		323,318
#	SIGONG TECH Co. Ltd.		41,291		223,622
#	Silla Co. Ltd.		28,011		308,056
	SIMMTECH Co. Ltd.		66,827		1,761,253
	SIMPAC, Inc.		57,924		391,507
*	Sindoh Co. Ltd.		20,858		588,071
	Sinil Pharm Co. Ltd.		1,768		18,521
*	SinSin Pharmaceutical Co. Ltd.		32,598		198,996
	SJ Group Co. Ltd.		8,579		179,232
	SK D&D Co. Ltd.		37,022		1,002,752
	SK Discovery Co. Ltd.		46,724		1,907,179
	SK Gas Ltd.		7,362		870,356
	SK Networks Co. Ltd.		613,231		2,671,288
*	SK Rent A Car Co. Ltd.		7,490		77,818

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
	SK Securities Co. Ltd.		1,565,733	$	1,317,813
	SL Corp.		64,177		1,808,252
*	SM Culture & Contents Co. Ltd.		211,274		859,778
# *	SM Entertainment Co. Ltd.		82,240		5,541,014
*	SM Life Design Group Co. Ltd.		66,427		198,283
*	S-MAC Co. Ltd.		949,135		945,061
	SMCore, Inc.		57,045		340,532
*	SMEC Co. Ltd.		110,311		162,528
	SNT Dynamics Co. Ltd.		49,133		390,196
	SNT Energy Co. Ltd.		10,631		200,295
	SNT Holdings Co. Ltd.		27,174		413,174
	SNT Motiv Co. Ltd.		37,176		1,605,165
*	SNU Precision Co. Ltd.		96,862		290,251
*	Solborn, Inc.		54,990		248,268
*	Solid, Inc.		246,322		1,408,430
	Songwon Industrial Co. Ltd.		73,277		1,127,096
# *	Sonokong Co. Ltd.		81,520		205,036
	Soosan Heavy Industries Co. Ltd.		50,388		115,037
	Soulbrain Co. Ltd.		11,225		2,519,688
# *	Soulbrain Holdings Co. Ltd.		19,846		743,378
	SPC Samlip Co. Ltd.		9,586		628,475
	Speco Co. Ltd.		10,580		55,472
#	SPG Co. Ltd.		47,728		404,829
#	Spigen Korea Co. Ltd.		15,793		618,396
* ††	Ssangyong Motor Co.		208,506		185,346
# *	ST Pharm Co. Ltd.		33,206		2,489,015
*	Straffic Co. Ltd.		36,989		193,629
	Suheung Co. Ltd.		24,012		983,330
	Sun Kwang Co. Ltd.		17,965		857,825
*	SundayToz Corp.		24,267		463,910
	Sung Bo Chemicals Co. Ltd.		39,494		144,874
	Sung Kwang Bend Co. Ltd.		79,754		627,995
*	Sungchang Enterprise Holdings Ltd.		228,853		498,000
	Sungdo Engineering & Construction Co. Ltd.		38,063		179,719
#	Sungshin Cement Co. Ltd.		85,630		817,671
#	Sungwoo Hitech Co. Ltd.		225,894		1,168,743
#	Sunjin Co. Ltd.		54,492		604,013
*	Sunny Electronics Corp.		173,358		587,020
*	Suprema, Inc.		22,446		477,570
	SV Investment Corp.		49,457		154,413
*	Synergy Innovation Co. Ltd.		105,399		367,963
*	Synopex, Inc.		300,940		773,289
*	Syntekabio, Inc.		5,700		54,127
	Systems Technology, Inc.		47,722		671,673
#	Tae Kyung Industrial Co. Ltd.		48,311		266,793
	Taekwang Industrial Co. Ltd.		1,278		1,094,020
	Taekyung BK Co. Ltd.		17,292		84,654
* ††	Taewoong Co. Ltd.		56,071		449,844
#	Taeyoung Engineering & Construction Co. Ltd.		85,762		815,874
# *	Taihan Electric Wire Co. Ltd.		1,075,469		2,066,902
*	Taihan Fiberoptics Co. Ltd.		272,501		745,755
*	Taihan Textile Co. Ltd.		1,976		78,060
*	Tailim Packaging Co. Ltd.		63,432		227,344
	TechWing, Inc.		64,250		1,173,315
*	Tego Science, Inc.		8,146		170,088
# *	Telcon RF Pharmaceutical, Inc.		277,957		807,889
*	Telechips, Inc.		41,190		554,086
*	TERA SCIENCE Co. Ltd.		12,533		21,175
#	TES Co. Ltd.		60,845		1,391,606

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
# *	Theragen Etex Co. Ltd.		136,488	$	758,043
# *	Thinkware Systems Corp.		27,004		404,087
*	TK Chemical Corp.		195,316		1,163,694
	TK Corp.		70,451		709,328
*	TOBESOFT Co. Ltd.		19,357		33,630
	Tokai Carbon Korea Co. Ltd.		21,692		2,320,000
	Tongyang Life Insurance Co. Ltd.		196,641		1,150,552
#	Tongyang, Inc.		631,216		905,744
*	Tonymoly Co. Ltd.		12,425		72,918
*	Top Engineering Co. Ltd.		52,518		335,371
#	Toptec Co. Ltd.		101,155		757,917
*	Tovis Co. Ltd.		56,715		413,032
	TS Corp.		195,168		551,936
*	Tuksu Construction Co. Ltd.		19,294		191,373
*	TY Holdings Co. Ltd.		100,316		2,336,224
*	TYM Corp.		469,563		817,451
#	UBCare Co. Ltd.		111,994		736,230
#	Ubiquoss Holdings, Inc.		35,936		511,722
	Ubiquoss, Inc.		27,583		497,010
*	UIL Co. Ltd.		31,844		73,878
#	Uju Electronics Co. Ltd.		27,556		650,177
	Uni-Chem Co. Ltd.		242,858		288,454
*	Unick Corp.		65,151		408,205
	Unid Co. Ltd.		22,821		2,282,086
	Union Materials Corp.		11,306		34,775
	Union Semiconductor Equipment & Materials Co. Ltd.		109,373		1,244,486
	Uniquest Corp.		58,434		517,339
*	Unitekno Co. Ltd.		35,122		360,949
*	UniTest, Inc.		74,969		1,898,033
	UTI, Inc.		20,721		210,235
	V One Tech Co. Ltd.		2,367		17,383
	Value Added Technology Co. Ltd.		33,627		1,168,038
*	Very Good Tour Co. Ltd.		6,630		85,618
	Viatron Technologies, Inc.		49,775		442,091
*	VICTEK Co. Ltd.		91,039		425,869
*	Vidente Co. Ltd.		35,339		439,371
	Vieworks Co. Ltd.		34,857		1,183,638
*	Vina Tech Co. Ltd.		8,741		388,433
#	Visang Education, Inc.		28,996		209,617
	Vitzro Tech Co. Ltd.		13,726		111,147
#	Vitzrocell Co. Ltd.		58,708		820,664
# * ††	VitzroSys Co. Ltd.		4,135		5,308
*	Vivien Corp.		12,352		32,264
*	Vivozon Healthcare, Inc.		57,092		61,011
*	VT GMP Co. Ltd.		34,084		232,745
	Webcash Corp.		13,269		346,028
# *	Webzen, Inc.		59,866		1,385,796
# *	Welcron Co. Ltd.		158,075		573,039
*	Wellbiotec Co. Ltd.		26,400		41,238
#	Wemade Co. Ltd.		85,510		13,380,561
	Whanin Pharmaceutical Co. Ltd.		50,275		772,364
*	WI Co. Ltd.		12,721		17,373
	Wiable Corp.		46,413		122,412
*	WillBes & Co.		276,451		449,133
#	Winix, Inc.		37,501		649,079
*	Winpac, Inc.		16,190		32,190
	Wins Co. Ltd.		26,610		360,873
#	WiSoL Co. Ltd.		84,111		748,069
# *	WIZIT Co. Ltd.		395,737		562,003

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
*	WONIK CUBE Corp.		58,473	$	203,601
# *	Wonik Holdings Co. Ltd.		189,560		845,643
#	WONIK IPS Co. Ltd.		65,185		2,262,356
#	Wonik Materials Co. Ltd.		27,417		766,434
*	Wonik Pne Co. Ltd.		48,047		1,422,381
*	Wonik QnC Corp.		62,589		1,351,761
*	Wonpung Mulsan Co. Ltd.		12,366		13,978
	Woojin Plaimm Co. Ltd.		3,881		14,730
	Woojin, Inc.		2,070		17,085
# *	Woongjin Co. Ltd.		9,674		20,028
	Woori Investment Bank Co. Ltd.		1,694,201		1,446,980
# *	Woori Technology, Inc.		601,518		1,133,261
* ††	Wooriro Co. Ltd.		16,683		20,451
	Woorison F&G Co. Ltd.		163,424		324,622
	Woory Industrial Co. Ltd.		28,858		610,774
# *	Woosu AMS Co. Ltd.		106,413		459,552
#	WooSung Feed Co. Ltd.		8,721		224,376
# *	Woowon Development Co. Ltd.		34,932		161,645
	Worldex Industry & Trading Co. Ltd.		49,210		1,029,205
*	Wysiwyg Studios Co. Ltd.		36,786		861,851
	Y G-1 Co. Ltd.		71,199		528,127
# * ††	Y2 Solution Co. Ltd.		88,983		34,838
*	Yapex, Inc.		100,279		170,394
# *	YBM NET, Inc.		18,867		98,935
*	Y-entec Co. Ltd.		25,880		270,859
	Yeong Hwa Metal Co. Ltd.		23,862		40,611
*	Yest Co. Ltd.		54,484		678,444
*	YG Entertainment, Inc.		46,410		2,797,312
*	YG PLUS		39,450		257,935
*	YIK Corp.		98,562		450,295
*	YJM Games Co. Ltd.		191,657		423,762
	YMC Co. Ltd.		59,676		454,169
*	YMT Co. Ltd.		11,270		201,252
	Yonwoo Co. Ltd.		12,390		259,716
	Yoosung Enterprise Co. Ltd.		80,477		232,794
	Youlchon Chemical Co. Ltd.		42,815		807,143
	Young Poong Corp.		730		428,643
	Young Poong Precision Corp.		42,425		365,540
	Youngone Corp.		29,631		1,134,128
	Youngone Holdings Co. Ltd.		25,026		1,007,522
*	YoungWoo DSP Co. Ltd.		125,945		229,518
	YTN Co. Ltd.		73,837		220,056
	Yuanta Securities Korea Co. Ltd.		365,480		1,411,502
	YuHwa Securities Co. Ltd.		96,255		228,388
*	Yujin Robot Co. Ltd.		83,545		237,600
# *	Yungjin Pharmaceutical Co. Ltd.		392,686		1,576,634
	Yuyu Pharma, Inc.		6,028		38,342
	Zeus Co. Ltd.		30,875		550,421
	Zinus, Inc.		26,061		1,745,447
TOTAL SOUTH KOREA					815,278,836
TAIWAN — (16.4%)
#	ABC Taiwan Electronics Corp.		320,977		330,145
	Abico Avy Co. Ltd.		474,841		441,186
	Ability Enterprise Co. Ltd.		926,293		651,672
# *	Ability Opto-Electronics Technology Co. Ltd.		280,776		731,277
#	AcBel Polytech, Inc.		1,634,599		2,037,238
#	ACES Electronic Co. Ltd.		392,000		670,440
*	Acon Holding, Inc.		815,000		224,486

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
	Acter Group Corp. Ltd.		191,490	$	1,278,539
	Action Electronics Co. Ltd.		729,000		365,653
#	ADATA Technology Co. Ltd.		908,879		2,723,473
#	Addcn Technology Co. Ltd.		94,299		859,375
	Advanced Ceramic X Corp.		179,000		2,217,302
#	Advanced International Multitech Co. Ltd.		475,000		1,352,480
*	Advanced Optoelectronic Technology, Inc.		457,000		401,859
	Advanced Power Electronics Corp.		113,000		425,840
#	Advancetek Enterprise Co. Ltd.		1,257,519		1,135,270
	AEON Motor Co. Ltd.		11,359		16,177
	Aerospace Industrial Development Corp.		2,358,000		2,392,577
# *	AGV Products Corp.		1,674,433		612,281
	Airmate Cayman International Co. Ltd.		38,719		27,517
# *	ALI Corp.		827,775		847,600
	All Ring Tech Co. Ltd.		41,000		161,622
#	Allied Circuit Co. Ltd.		113,000		585,490
#	Allis Electric Co. Ltd.		640,367		546,663
#	Alltek Technology Corp.		717,355		781,541
#	Alltop Technology Co. Ltd.		57,774		329,410
#	Alpha Networks, Inc.		1,759,158		1,709,037
#	Altek Corp.		1,105,945		1,499,048
#	Amazing Microelectronic Corp.		262,085		1,931,462
*	Ambassador Hotel		1,252,000		1,364,522
#	Ampire Co. Ltd.		363,000		314,444
#	AMPOC Far-East Co. Ltd.		367,444		506,348
	AmTRAN Technology Co. Ltd.		3,024,951		1,925,369
#	Anderson Industrial Corp.		290,416		110,981
#	Anpec Electronics Corp.		253,007		1,667,168
#	Apac Opto Electronics, Inc.		147,000		162,943
#	Apacer Technology, Inc.		353,325		552,681
#	APAQ Technology Co. Ltd.		202,120		369,751
#	APCB, Inc.		527,000		408,439
#	Apex Biotechnology Corp.		385,483		318,063
#	Apex International Co. Ltd.		562,470		1,581,602
#	Apex Medical Corp.		220,500		210,824
#	Apex Science & Engineering		623,132		240,140
#	Apogee Optocom Co. Ltd.		48,000		122,159
#	Arcadyan Technology Corp.		579,055		2,190,205
	Ardentec Corp.		1,657,274		3,551,140
#	Argosy Research, Inc.		233,396		771,275
#	Asia Electronic Material Co. Ltd.		331,000		246,192
#	Asia Optical Co., Inc.		885,000		2,825,677
*	Asia Pacific Telecom Co. Ltd.		6,978,999		2,063,413
*	Asia Plastic Recycling Holding Ltd.		913,182		240,603
#	Asia Polymer Corp.		1,570,996		2,212,596
#	Asia Tech Image, Inc.		222,000		446,604
	Asia Vital Components Co. Ltd.		1,141,058		3,409,707
#	ASROCK, Inc.		180,000		1,125,162
	ATE Energy International Co. Ltd.		10,274		11,090
	Aten International Co. Ltd.		374,479		1,137,137
#	Audix Corp.		279,600		573,517
#	AURAS Technology Co. Ltd.		273,148		1,570,521
#	Aurona Industries, Inc.		246,000		173,744
	Aurora Corp.		262,349		838,086
	Avalue Technology, Inc.		198,000		351,446
	Awea Mechantronic Co. Ltd.		132,210		162,391
#	Axiomtek Co. Ltd.		244,000		460,151
# *	Azurewave Technologies, Inc.		345,000		269,476
	Bank of Kaohsiung Co. Ltd.		2,442,071		988,852

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
#	Baolong International Co. Ltd.		311,000	$	222,563
	Basso Industry Corp.		501,900		777,075
#	BenQ Materials Corp.		650,000		920,970
#	BES Engineering Corp.		5,473,750		1,731,544
#	Bin Chuan Enterprise Co. Ltd.		372,070		330,431
#	Bionet Corp.		132,000		202,752
#	Bionime Corp.		133,000		324,968
#	Biostar Microtech International Corp.		631,975		460,007
	Bioteque Corp.		253,308		998,955
#	Bizlink Holding, Inc.		525,492		4,857,473
	Bon Fame Co. Ltd.		71,000		103,179
#	Bright Led Electronics Corp.		391,520		330,633
#	Brighton-Best International Taiwan, Inc.		1,504,318		1,879,511
#	Browave Corp.		197,000		282,456
#	C Sun Manufacturing Ltd.		546,504		893,531
*	Cameo Communications, Inc.		745,645		360,349
#	Capital Futures Corp.		344,895		479,877
	Capital Securities Corp.		6,576,501		3,589,428
#	Career Technology MFG. Co. Ltd.		1,770,459		1,596,888
#	Carnival Industrial Corp.		415,353		201,934
	Cathay Chemical Works		30,000		25,616
	Cathay Real Estate Development Co. Ltd.		2,197,700		1,541,509
#	Cayman Engley Industrial Co. Ltd.		152,099		355,945
#	CCP Contact Probes Co. Ltd.		137,000		301,554
#	Celxpert Energy Corp.		312,000		521,782
	Center Laboratories, Inc.		1,520,049		3,635,679
#	Central Reinsurance Co. Ltd.		504,380		509,008
# *	Chain Chon Industrial Co. Ltd.		674,000		514,113
#	ChainQui Construction Development Co. Ltd.		451,080		298,048
# *	Champion Building Materials Co. Ltd.		967,851		374,091
#	Chang Wah Electromaterials, Inc.		1,379,350		1,677,919
#	Chang Wah Technology Co. Ltd.		494,170		1,854,200
#	Channel Well Technology Co. Ltd.		744,000		1,089,833
#	Chant Sincere Co. Ltd.		215,000		308,294
	Charoen Pokphand Enterprise		651,985		1,875,562
#	CHC Healthcare Group.		411,000		543,413
	CHC Resources Corp.		346,282		560,887
#	Chen Full International Co. Ltd.		350,000		518,705
#	Chenbro Micom Co. Ltd.		217,000		587,511
#	Cheng Loong Corp.		2,928,383		3,587,585
# *	Cheng Mei Materials Technology Corp.		2,509,900		1,074,871
	Cheng Uei Precision Industry Co. Ltd.		1,467,331		2,039,824
#	Chenming Electronic Technology Corp.		309,437		150,370
	Chia Chang Co. Ltd.		437,000		732,711
#	Chia Hsin Cement Corp.		1,777,121		1,291,422
#	Chian Hsing Forging Industrial Co. Ltd.		138,000		213,153
	Chicony Electronics Co. Ltd.		143,000		408,912
#	Chicony Power Technology Co. Ltd.		561,454		1,409,452
	Chief Telecom, Inc.		3,000		30,798
#	Chieftek Precision Co. Ltd.		235,225		734,140
#	Chien Kuo Construction Co. Ltd.		658,249		310,464
	Chilisin Electronics Corp.		930,380		2,886,398
	Chime Ball Technology Co. Ltd.		106,840		150,488
	China Bills Finance Corp.		3,077,000		1,844,100
#	China Chemical & Pharmaceutical Co. Ltd.		931,000		740,143
#	China Ecotek Corp.		145,000		205,717
	China Electric Manufacturing Corp.		864,959		359,343
#	China Fineblanking Technology Co. Ltd.		159,243		239,702
	China General Plastics Corp.		1,567,461		2,095,315

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
#	China Glaze Co. Ltd.		310,002	$	162,606
#	China Man-Made Fiber Corp.		4,721,390		1,727,219
	China Metal Products		1,152,603		1,327,114
	China Motor Corp.		927,600		2,310,785
# *	China Petrochemical Development Corp.		12,888,150		5,615,777
	China Steel Chemical Corp.		618,554		2,749,190
#	China Steel Structure Co. Ltd.		374,000		746,479
#	China Wire & Cable Co. Ltd.		311,160		303,187
#	Chinese Maritime Transport Ltd.		360,594		730,076
#	Ching Feng Home Fashions Co. Ltd.		544,409		392,350
#	Chin-Poon Industrial Co. Ltd.		1,525,207		1,642,530
#	Chipbond Technology Corp.		2,512,000		5,830,820
	ChipMOS Technologies, Inc.		2,191,076		3,643,446
	Chlitina Holding Ltd.		188,000		1,613,673
#	Chong Hong Construction Co. Ltd.		712,666		1,891,522
#	Chun YU Works & Co. Ltd.		536,000		554,828
#	Chun Yuan Steel Industry Co. Ltd.		1,901,529		1,553,925
#	Chung Hsin Electric & Machinery Manufacturing Corp.		1,515,375		2,247,639
	Chung Hung Steel Corp.		306,979		387,330
	Chung Hwa Food Industrial Co. Ltd.		117,535		552,589
# *	Chung Hwa Pulp Corp.		1,649,405		1,320,226
#	Chunghwa Chemical Synthesis & Biotech Co. Ltd.		139,000		326,805
	Chunghwa Precision Test Tech Co. Ltd.		9,000		257,650
#	Chyang Sheng Dyeing & Finishing Co. Ltd.		397,000		198,542
	Cleanaway Co. Ltd.		306,000		2,355,952
	Clevo Co.		1,826,200		2,263,851
#	CMC Magnetics Corp.		4,603,498		1,462,038
#	C-Media Electronics, Inc.		48,000		177,088
#	CoAsia Electronics Corp.		441,378		205,826
#	Collins Co. Ltd.		445,431		244,849
	Compeq Manufacturing Co. Ltd.		1,045,000		1,520,739
#	Compucase Enterprise		278,000		311,232
#	Concord Securities Co. Ltd.		2,120,796		903,402
#	Concraft Holding Co. Ltd.		362,841		740,062
#	Continental Holdings Corp.		1,525,320		1,383,563
#	Contrel Technology Co. Ltd.		567,000		403,064
#	Coremax Corp.		288,665		1,788,290
	Coretronic Corp.		1,376,200		2,848,555
#	Co-Tech Development Corp.		829,533		2,240,297
#	Cowealth Medical Holding Co. Ltd.		175,972		156,067
*	Coxon Precise Industrial Co. Ltd.		116,000		55,744
# *	CSBC Corp. Taiwan		1,758,677		1,380,423
	CTCI Corp.		2,350,000		3,079,302
*	C-Tech United Corp.		151,971		131,055
#	Cub Elecparts, Inc.		264,297		1,627,352
#	CviLux Corp.		266,040		459,230
#	Cyberlink Corp.		238,697		777,617
#	CyberPower Systems, Inc.		242,000		657,373
#	CyberTAN Technology, Inc.		1,264,779		1,206,342
#	Cypress Technology Co. Ltd.		169,489		360,706
#	DA CIN Construction Co. Ltd.		1,177,711		1,285,875
	Dadi Early-Childhood Education Group Ltd.		21,357		116,123
	Dafeng TV Ltd.		304,870		474,391
# *	Da-Li Development Co. Ltd.		1,423,747		1,561,516
*	Danen Technology Corp.		429,421		248,328
#	Darfon Electronics Corp.		874,550		1,315,089
*	Darwin Precisions Corp.		1,669,635		669,698
	Davicom Semiconductor, Inc.		44,888		52,338
#	Daxin Materials Corp.		225,200		745,139

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
#	De Licacy Industrial Co. Ltd.		1,225,511	$	676,515
*	Delpha Construction Co. Ltd.		594,346		318,629
	Depo Auto Parts Ind Co. Ltd.		403,000		815,221
††	Der Pao Construction Co. Ltd.		902,078		0
#	Dimerco Data System Corp.		210,097		480,186
#	Dimerco Express Corp.		497,880		1,545,074
#	D-Link Corp.		2,472,668		1,823,580
	Donpon Precision, Inc.		104,000		55,958
#	Draytek Corp.		247,000		250,604
#	Dyaco International, Inc.		142,813		333,917
	DYNACOLOR, Inc.		94,000		123,372
#	Dynamic Electronics Co. Ltd.		992,707		751,125
#	Dynapack International Technology Corp.		548,000		1,894,981
	E & R Engineering Corp.		10,000		22,513
	Eastern Media International Corp.		1,392,235		1,595,439
	ECOVE Environment Corp.		123,000		1,031,591
#	Edimax Technology Co. Ltd.		721,108		280,371
#	Edison Opto Corp.		416,000		313,532
	Edom Technology Co. Ltd.		802,964		983,609
#	eGalax_eMPIA Technology, Inc.		239,094		657,423
	Egis Technology, Inc.		251,000		1,195,446
#	Elan Microelectronics Corp.		1,014,400		6,107,068
#	E-LIFE MALL Corp.		295,000		884,767
#	Elite Advanced Laser Corp.		562,226		1,129,752
#	Elite Semiconductor Microelectronics Technology, Inc.		958,200		4,927,007
#	Elitegroup Computer Systems Co. Ltd.		1,259,254		1,073,584
#	Emerging Display Technologies Corp.		595,000		394,328
#	Ennoconn Corp.		261,485		1,733,642
*	Ennostar, Inc.		2,274,462		5,985,545
	EnTie Commercial Bank Co. Ltd.		2,292,603		1,376,173
#	Eslite Spectrum Corp.		53,000		116,335
#	Eson Precision Ind Co. Ltd.		383,000		921,767
	Eternal Materials Co. Ltd.		3,401,985		4,510,205
	Eurocharm Holdings Co. Ltd.		113,000		632,433
*	Everest Textile Co. Ltd.		1,642,762		575,501
	Evergreen International Storage & Transport Corp.		2,057,000		2,008,759
#	Everlight Chemical Industrial Corp.		1,752,606		1,615,593
	Everlight Electronics Co. Ltd.		1,507,000		2,691,255
# *	Everspring Industry Co. Ltd.		522,000		411,645
	Excellence Opto, Inc.		72,000		75,176
#	Excelsior Medical Co. Ltd.		401,209		798,201
#	EZconn Corp.		159,800		200,871
	Far Eastern Department Stores Ltd.		3,792,000		3,014,839
	Far Eastern International Bank		9,096,256		3,421,157
#	Farglory F T Z Investment Holding Co. Ltd.		447,957		813,934
	Farglory Land Development Co. Ltd.		926,000		2,237,895
# *	Federal Corp.		1,362,238		1,317,710
	Feedback Technology Corp.		131,200		334,512
#	Feng Hsin Steel Co. Ltd.		1,810,100		5,090,689
#	Firich Enterprises Co. Ltd.		181,613		210,121
#	First Hi-Tec Enterprise Co. Ltd.		284,580		654,752
#	First Hotel		713,350		370,903
#	First Insurance Co. Ltd.		956,179		457,331
#	First Steamship Co. Ltd.		2,334,612		1,076,976
#	FIT Holding Co. Ltd.		485,456		582,393
#	FLEXium Interconnect, Inc.		1,386,087		4,802,286
#	Flytech Technology Co. Ltd.		435,309		1,140,560
#	FOCI Fiber Optic Communications, Inc.		199,000		242,301
#	Forest Water Environment Engineering Co. Ltd.		168,132		206,138

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
#	Formosa Advanced Technologies Co. Ltd.		626,000	$	852,603
#	Formosa International Hotels Corp.		232,329		1,242,845
# *	Formosa Laboratories, Inc.		363,089		776,879
#	Formosa Oilseed Processing Co. Ltd.		222,567		414,733
#	Formosa Optical Technology Co. Ltd.		137,000		285,168
	Formosa Taffeta Co. Ltd.		490,000		529,002
	Formosan Rubber Group, Inc.		915,952		743,328
#	Formosan Union Chemical		1,403,733		1,030,158
#	Fortune Electric Co. Ltd.		506,078		669,009
#	Founding Construction & Development Co. Ltd.		698,623		475,212
#	Foxsemicon Integrated Technology, Inc.		279,027		2,059,542
	Froch Enterprise Co. Ltd.		776,189		794,766
#	FSP Technology, Inc.		581,427		848,106
#	Fulgent Sun International Holding Co. Ltd.		462,748		1,716,024
#	Fullerton Technology Co. Ltd.		429,600		266,449
# *	Fulltech Fiber Glass Corp.		1,356,313		856,862
	Fusheng Precision Co. Ltd.		37,000		251,168
#	Fwusow Industry Co. Ltd.		839,138		636,857
#	G Shank Enterprise Co. Ltd.		586,281		1,403,125
#	Gamania Digital Entertainment Co. Ltd.		458,000		952,277
# *	GCS Holdings, Inc.		299,000		524,183
#	GEM Services, Inc.		227,570		817,592
#	Gemtek Technology Corp.		1,413,219		1,392,527
	General Interface Solution Holding Ltd.		963,000		3,370,264
#	General Plastic Industrial Co. Ltd.		275,357		259,977
#	Generalplus Technology, Inc.		263,000		621,753
#	Genesys Logic, Inc.		313,000		1,628,317
#	Genius Electronic Optical Co. Ltd.		188,917		2,912,431
#	Genmont Biotech, Inc.		220,000		189,219
#	GeoVision, Inc.		305,096		345,735
	Getac Technology Corp.		1,570,360		2,957,858
	GFC Ltd.		229,600		542,113
# *	Giantplus Technology Co. Ltd.		1,008,900		427,169
	Gigabyte Technology Co. Ltd.		340,800		1,383,891
#	Gigasolar Materials Corp.		20,880		152,553
# *	Gigastorage Corp.		221,965		200,002
	Ginko International Co. Ltd.		183,750		1,333,721
	Global Brands Manufacture Ltd.		1,053,730		1,344,477
#	Global Lighting Technologies, Inc.		332,000		963,457
	Global Mixed Mode Technology, Inc.		273,000		2,212,799
#	Global PMX Co. Ltd.		194,000		1,227,501
	Global Unichip Corp.		243,000		5,244,269
#	Globe Union Industrial Corp.		889,914		492,202
	Gloria Material Technology Corp.		1,580,547		1,207,168
# *	GlycoNex, Inc.		258,000		264,447
#	Gold Circuit Electronics Ltd.		1,542,227		3,694,637
	Goldsun Building Materials Co. Ltd.		3,617,587		3,349,679
	Good Will Instrument Co. Ltd.		238,869		229,078
#	Gourmet Master Co. Ltd.		350,000		1,651,840
#	Grand Fortune Securities Co. Ltd.		854,691		492,009
#	Grand Ocean Retail Group Ltd.		304,000		210,817
#	Grand Pacific Petrochemical		3,500,000		3,406,129
#	Grand Plastic Technology Corp.		84,000		1,099,723
#	GrandTech CG Systems, Inc.		199,750		359,757
#	Grape King Bio Ltd.		463,000		2,698,579
#	Great China Metal Industry		605,000		561,863
	Great Taipei Gas Co. Ltd.		1,444,000		1,721,400
#	Great Tree Pharmacy Co. Ltd.		51,205		378,026
	Great Wall Enterprise Co. Ltd.		2,510,430		4,846,342

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
	Greatek Electronics, Inc.		1,164,000	$	3,335,058
* ††	Green Energy Technology, Inc.		1,570,850		3,389
	GTM Holdings Corp.		500,150		450,038
#	Hannstar Board Corp.		1,838,954		2,761,959
#	HannStar Display Corp.		4,247,505		2,159,671
	HannsTouch Solution, Inc.		2,071,782		887,222
#	Hanpin Electron Co. Ltd.		248,000		252,580
#	Harvatek Corp.		617,949		556,461
	Heran Co. Ltd.		6,000		25,285
#	Hey Song Corp.		1,478,750		1,859,817
	Hi-Clearance, Inc.		92,964		460,096
#	Highlight Tech Corp.		370,281		566,753
	Highwealth Construction Corp.		409,000		660,423
	HIM International Music, Inc.		60,710		192,411
#	Hiroca Holdings Ltd.		234,448		411,748
#	Hitron Technology, Inc.		524,557		396,425
#	Ho Tung Chemical Corp.		3,452,684		1,293,342
#	Hocheng Corp.		1,075,700		551,457
	Hold-Key Electric Wire & Cable Co. Ltd.		164,726		85,988
#	Holiday Entertainment Co. Ltd.		307,800		688,604
#	Holtek Semiconductor, Inc.		682,000		2,534,681
#	Holy Stone Enterprise Co. Ltd.		529,910		2,253,736
	Hong Pu Real Estate Development Co. Ltd.		756,185		591,951
#	Hong TAI Electric Industrial		887,000		845,789
	Hong YI Fiber Industry Co.		478,652		408,801
	Horizon Securities Co. Ltd.		1,165,000		676,744
#	Hota Industrial Manufacturing Co. Ltd.		769,299		2,602,467
	Hotai Finance Co. Ltd.		21,000		66,706
	Hotron Precision Electronic Industrial Co. Ltd.		86,994		187,619
#	Hsin Yung Chien Co. Ltd.		173,255		778,767
	Hsing TA Cement Co.		488,162		369,983
# *	HTC Corp.		416,000		983,067
	Hu Lane Associate, Inc.		276,737		1,339,940
#	HUA ENG Wire & Cable Co. Ltd.		1,069,565		813,784
	Hua Yu Lien Development Co. Ltd.		30,000		54,424
	Huaku Development Co. Ltd.		966,816		3,162,609
#	Huang Hsiang Construction Corp.		458,800		602,879
#	Hung Ching Development & Construction Co. Ltd.		609,000		655,410
	Hung Sheng Construction Ltd.		1,566,251		1,359,487
#	Huxen Corp.		119,244		219,660
#	Hwa Fong Rubber Industrial Co. Ltd.		823,812		475,425
# *	Hwacom Systems, Inc.		362,000		275,362
#	Ibase Technology, Inc.		696,206		976,886
	IBF Financial Holdings Co. Ltd.		8,915,465		5,099,873
#	Ichia Technologies, Inc.		1,000,000		584,242
# *	I-Chiun Precision Industry Co. Ltd.		725,567		1,539,194
#	IEI Integration Corp.		466,832		744,066
	Infortrend Technology, Inc.		864,163		445,702
#	Info-Tek Corp.		302,000		544,018
#	Innodisk Corp.		295,543		2,042,273
#	Inpaq Technology Co. Ltd.		349,950		739,297
#	Insyde Software Corp.		114,000		322,101
#	Intai Technology Corp.		145,400		444,793
#	Integrated Service Technology, Inc.		330,326		614,266
#	IntelliEPI, Inc.		121,000		330,259
	International CSRC Investment Holdings Co.		2,862,363		2,475,512
	International Games System Co. Ltd.		88,000		2,266,912
	Iron Force Industrial Co. Ltd.		178,393		450,950
#	I-Sheng Electric Wire & Cable Co. Ltd.		501,000		766,274

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
	ITE Technology, Inc.		601,095	$	2,254,299
#	ITEQ Corp.		884,040		4,091,971
††	J Touch Corp.		11,000		0
	Jarllytec Co. Ltd.		203,000		386,548
#	Jentech Precision Industrial Co. Ltd.		262,868		3,496,281
	Jess-Link Products Co. Ltd.		379,925		480,999
#	Jih Lin Technology Co. Ltd.		213,000		936,862
#	Jinan Acetate Chemical Co. Ltd.		61,985		223,064
# *	Jinli Group Holdings Ltd.		297,681		154,884
#	Johnson Health Tech Co. Ltd.		221,000		464,087
#	Jourdeness Group Ltd.		137,000		375,199
#	K Laser Technology, Inc.		605,000		438,357
#	Kaimei Electronic Corp.		502,229		1,573,430
#	Kaori Heat Treatment Co. Ltd.		312,197		565,143
#	Kaulin Manufacturing Co. Ltd.		442,330		233,434
#	KEE TAI Properties Co. Ltd.		1,438,473		679,234
#	Kenda Rubber Industrial Co. Ltd.		1,763,845		1,942,611
#	Kenmec Mechanical Engineering Co. Ltd.		763,000		763,828
#	Kerry TJ Logistics Co. Ltd.		799,000		1,248,445
#	Key Ware Electronics Co. Ltd.		302,194		161,384
	Kindom Development Co. Ltd.		1,395,900		1,926,995
	King Chou Marine Technology Co. Ltd.		234,920		294,742
	King Slide Works Co. Ltd.		184,000		2,827,513
#	King Yuan Electronics Co. Ltd.		2,560,979		3,674,722
	King’s Town Bank Co. Ltd.		3,263,701		4,873,295
# *	King’s Town Construction Co. Ltd.		333,074		437,967
	Kinik Co.		428,000		1,163,860
# *	Kinko Optical Co. Ltd.		563,103		597,858
#	Kinpo Electronics		4,482,157		2,096,998
	KMC Kuei Meng International, Inc.		231,253		1,684,885
#	KNH Enterprise Co. Ltd.		589,020		468,305
#	KS Terminals, Inc.		461,482		1,611,236
	Kung Long Batteries Industrial Co. Ltd.		260,000		1,319,113
#	Kung Sing Engineering Corp.		1,730,290		533,750
#	Kuo Toong International Co. Ltd.		798,648		616,043
#	Kuo Yang Construction Co. Ltd.		729,899		630,286
#	Kwong Fong Industries Corp.		352,691		141,964
	Kwong Lung Enterprise Co. Ltd.		360,000		543,001
#	KYE Systems Corp.		772,672		295,432
#	L&K Engineering Co. Ltd.		635,048		667,784
#	La Kaffa International Co. Ltd.		87,701		311,019
*	LAN FA Textile		805,933		355,396
#	Land Mark Optoelectronics Corp.		334,300		2,151,364
#	Lanner Electronics, Inc.		377,916		676,028
#	Laser Tek Taiwan Co. Ltd.		281,504		303,377
#	Laster Tech Corp. Ltd.		76,741		121,653
#	Leader Electronics, Inc.		262,000		153,177
	Leadtrend Technology Corp.		5,000		24,084
# *	Lealea Enterprise Co. Ltd.		2,737,892		1,138,661
	Ledlink Optics, Inc.		141,300		145,535
#	LEE CHI Enterprises Co. Ltd.		682,000		615,416
#	Lelon Electronics Corp.		317,327		731,150
#	Lemtech Holdings Co. Ltd.		108,055		577,414
*	Leofoo Development Co. Ltd.		93,278		60,515
# *	Li Cheng Enterprise Co. Ltd.		393,108		275,163
*	Li Peng Enterprise Co. Ltd.		1,767,897		660,415
#	Lian HWA Food Corp.		293,868		702,633
#	Lida Holdings Ltd.		257,400		291,682
	Lien Hwa Industrial Holdings Corp.		2,718,905		5,459,581

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
#	Lifestyle Global Enterprise, Inc.		72,000	$	91,252
# *	Lingsen Precision Industries Ltd.		1,320,506		1,200,103
# *	Long Bon International Co. Ltd.		694,274		447,062
#	Longchen Paper & Packaging Co. Ltd.		2,501,054		2,167,732
#	Longwell Co.		466,000		944,539
#	Lotes Co. Ltd.		212,328		4,423,889
#	Lotus Pharmaceutical Co. Ltd.		189,000		638,806
#	Lu Hai Holding Corp.		196,102		282,457
#	Lucky Cement Corp.		540,000		231,544
#	Lumax International Corp. Ltd.		357,592		915,666
#	Lung Yen Life Service Corp.		609,000		985,366
# *	LuxNet Corp.		323,501		205,720
#	M31 Technology Corp.		22,000		315,283
#	Macauto Industrial Co. Ltd.		189,000		554,229
#	Machvision, Inc.		158,398		1,337,776
#	Makalot Industrial Co. Ltd.		761,481		6,645,704
#	Marketech International Corp.		227,000		954,888
#	Materials Analysis Technology, Inc.		198,041		1,023,112
#	Mayer Steel Pipe Corp.		548,567		597,405
	Maywufa Co. Ltd.		69,322		48,038
#	Mechema Chemicals International Corp.		194,000		1,194,434
#	Meiloon Industrial Co.		332,730		334,901
	Mercuries & Associates Holding Ltd.		1,507,165		1,256,100
# *	Mercuries Life Insurance Co. Ltd.		5,773,719		1,904,195
#	Merry Electronics Co. Ltd.		200,914		594,382
#	Mildef Crete, Inc.		195,000		413,276
# *	MIN AIK Technology Co. Ltd.		532,452		424,286
#	Mirle Automation Corp.		655,098		986,077
	Mitac Holdings Corp.		3,643,918		3,771,233
# *	Mobiletron Electronics Co. Ltd.		250,800		546,695
#	MPI Corp.		298,000		1,377,396
#	Nak Sealing Technologies Corp.		229,954		723,771
	Namchow Holdings Co. Ltd.		635,000		1,104,260
#	Nan Kang Rubber Tire Co. Ltd.		1,464,952		2,107,385
#	Nan Liu Enterprise Co. Ltd.		172,000		762,112
	Nan Pao Resins Chemical Co. Ltd.		10,000		50,070
#	Nan Ren Lake Leisure Amusement Co. Ltd.		460,000		253,698
#	Nang Kuang Pharmaceutical Co. Ltd.		226,000		281,308
#	Nantex Industry Co. Ltd.		965,606		2,838,996
#	National Aerospace Fasteners Corp.		105,000		221,279
#	National Petroleum Co. Ltd.		227,824		394,158
#	Netronix, Inc.		280,000		575,129
	New Best Wire Industrial Co. Ltd.		195,600		252,839
#	New Era Electronics Co. Ltd.		312,000		252,654
#	Nexcom International Co. Ltd.		537,094		450,620
#	Nichidenbo Corp.		724,417		1,314,710
#	Nidec Chaun-Choung Technology Corp.		116,000		699,065
#	Nien Hsing Textile Co. Ltd.		480,345		360,485
#	Niko Semiconductor Co. Ltd.		218,000		589,052
#	Nishoku Technology, Inc.		132,400		402,738
#	Nova Technology Corp.		47,000		247,874
#	O-Bank Co. Ltd.		2,038,071		571,696
#	Ocean Plastics Co. Ltd.		764,200		909,497
#	OK Biotech Co. Ltd.		182,527		151,996
#	OptoTech Corp.		1,428,804		2,211,183
	Orient Europharma Co. Ltd.		139,000		203,320
*	Orient Semiconductor Electronics Ltd.		1,171,599		1,048,251
# *	Oriental Union Chemical Corp.		2,107,267		1,812,413
#	O-TA Precision Industry Co. Ltd.		257,227		1,612,490

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
	Pacific Construction Co.		1,300,921	$	460,635
#	Pacific Hospital Supply Co. Ltd.		240,209		601,924
	Paiho Shih Holdings Corp.		471,365		636,530
#	Pan Jit International, Inc.		1,042,486		4,226,146
#	Pan-International Industrial Corp.		1,625,747		2,376,150
#	Panion & BF Biotech, Inc.		203,449		501,461
*	Paragon Technologies Co. Ltd.		275,246		236,850
#	Parpro Corp.		208,000		194,906
#	PChome Online, Inc.		223,000		1,164,110
#	PCL Technologies, Inc.		220,810		669,986
#	P-Duke Technology Co. Ltd.		213,633		549,610
	Pegavision Corp.		32,000		628,247
	PharmaEngine, Inc.		9,000		19,107
* ††	Pharmally International Holding Co. Ltd.		441,605		168,529
# *	Phihong Technology Co. Ltd.		1,077,401		1,428,494
	Phoenix Tours International, Inc.		168,481		260,086
	Pixart Imaging, Inc.		551,150		3,132,397
	Planet Technology Corp.		160,000		386,171
#	Plastron Precision Co. Ltd.		523,460		250,560
#	Plotech Co. Ltd.		382,000		340,949
#	Polytronics Technology Corp.		279,124		1,244,413
	Posiflex Technology, Inc.		94,457		309,330
#	Power Wind Health Industry, Inc.		149,314		778,853
#	Poya International Co. Ltd.		130,910		2,344,708
#	President Securities Corp.		3,247,193		2,645,243
	Primax Electronics Ltd.		1,649,000		3,060,459
	Prince Housing & Development Corp.		4,052,644		1,933,522
#	Pro Hawk Corp.		77,000		498,739
††	Prodisc Technology, Inc.		1,707,199		0
	Promate Electronic Co. Ltd.		622,000		868,548
#	Prosperity Dielectrics Co. Ltd.		366,559		717,168
	Qisda Corp.		3,609,900		4,032,982
	QST International Corp.		216,000		457,669
#	Qualipoly Chemical Corp.		339,048		501,381
#	Quang Viet Enterprise Co. Ltd.		220,000		997,300
#	Quanta Storage, Inc.		837,000		1,167,059
#	Quintain Steel Co. Ltd.		795,823		584,255
	Radiant Opto-Electronics Corp.		747,000		2,617,266
	Radium Life Tech Co. Ltd.		2,761,242		1,044,826
#	Rafael Microelectronics, Inc.		111,821		1,367,076
	Rechi Precision Co. Ltd.		1,289,181		865,776
#	Rexon Industrial Corp. Ltd.		549,000		1,322,410
	Rich Development Co. Ltd.		2,360,036		777,357
#	RichWave Technology Corp.		327,460		3,405,106
*	Right WAY Industrial Co. Ltd.		119,384		45,838
*	Ritek Corp.		2,851,867		1,004,271
# *	Roo Hsing Co. Ltd.		1,788,000		543,302
*	Rotam Global Agrosciences Ltd.		50,268		40,432
#	Ruentex Engineering & Construction Co.		194,540		867,973
	Ruentex Industries Ltd.		447,200		1,745,099
	Samebest Co. Ltd.		15,420		18,974
#	Sampo Corp.		1,387,861		1,478,179
#	San Fang Chemical Industry Co. Ltd.		805,647		626,242
#	San Far Property Ltd.		626,510		343,008
#	San Shing Fastech Corp.		445,875		945,395
	Sanitar Co. Ltd.		212,000		266,357
#	Sanyang Motor Co. Ltd.		2,073,628		2,020,735
	Savior Lifetec Corp.		17,000		12,501
#	SCI Pharmtech, Inc.		240,474		674,716

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
	Scientech Corp.		231,000	$	573,356
#	SDI Corp.		530,000		3,169,529
#	Sea Sonic Electronics Co. Ltd.		45,000		129,020
#	Senao International Co. Ltd.		335,541		384,563
#	Senao Networks, Inc.		113,000		378,934
#	Sercomm Corp.		865,000		1,982,875
#	Sesoda Corp.		719,803		795,828
	Shane Global Holding, Inc.		6,000		15,404
#	Shan-Loong Transportation Co. Ltd.		291,000		368,998
#	Sharehope Medicine Co. Ltd.		329,117		321,828
	Sheng Yu Steel Co. Ltd.		482,980		579,872
#	ShenMao Technology, Inc.		355,891		909,555
	Shieh Yih Machinery Industry Co. Ltd.		166,000		67,598
#	Shih Her Technologies, Inc.		173,000		449,397
*	Shih Wei Navigation Co. Ltd.		95,000		140,103
#	Shihlin Electric & Engineering Corp.		1,461,000		2,747,957
	Shin Hai Gas Corp.		1,245		2,161
#	Shin Zu Shing Co. Ltd.		635,943		2,281,450
	Shinih Enterprise Co. Ltd.		71,000		56,752
*	Shining Building Business Co. Ltd.		1,687,814		673,573
	Shinkong Insurance Co. Ltd.		802,131		1,331,173
#	Shinkong Synthetic Fibers Corp.		4,712,395		3,197,045
	Shinkong Textile Co. Ltd.		788,542		1,170,719
#	Shiny Chemical Industrial Co. Ltd.		347,374		1,665,651
*	Shuttle, Inc.		1,355,152		575,101
	Sigurd Microelectronics Corp.		1,559,907		3,297,180
	Silicon Optronics, Inc.		28,000		143,100
#	Sinbon Electronics Co. Ltd.		745,813		6,170,934
	Sincere Navigation Corp.		1,154,139		1,152,694
	Single Well Industrial Corp.		79,224		78,822
#	Sinher Technology, Inc.		213,000		323,705
#	Sinmag Equipment Corp.		181,056		697,411
#	Sinon Corp.		1,626,510		1,425,051
	Sinopower Semiconductor, Inc.		16,000		79,464
#	Sinphar Pharmaceutical Co. Ltd.		180,938		189,903
#	Sinyi Realty, Inc.		943,660		1,130,527
	Sirtec International Co. Ltd.		349,600		329,087
#	Sitronix Technology Corp.		467,879		4,492,445
#	Siward Crystal Technology Co. Ltd.		669,000		809,343
	Soft-World International Corp.		274,000		885,236
#	Solar Applied Materials Technology Corp.		1,661,372		2,994,909
#	Solomon Technology Corp.		490,000		305,932
#	Solteam, Inc.		230,034		571,447
#	Sonix Technology Co. Ltd.		614,000		1,899,547
#	Southeast Cement Co. Ltd.		579,700		380,282
#	Speed Tech Corp.		435,000		1,330,727
#	Spirox Corp.		298,824		308,476
#	Sporton International, Inc.		302,601		2,458,613
	St Shine Optical Co. Ltd.		189,000		2,007,735
#	Standard Chemical & Pharmaceutical Co. Ltd.		321,571		446,539
	Standard Foods Corp.		293,000		546,183
#	Stark Technology, Inc.		399,688		1,016,765
*	Sun Yad Construction Co. Ltd.		210,000		113,636
	Sunjuice Holdings Co. Ltd.		1,000		13,359
#	Sunko INK Co. Ltd.		546,400		336,633
#	SunMax Biotechnology Co. Ltd.		89,000		258,709
#	Sunny Friend Environmental Technology Co. Ltd.		252,000		1,807,859
#	Sunonwealth Electric Machine Industry Co. Ltd.		812,487		1,126,649
#	Sunplus Technology Co. Ltd.		1,808,000		2,411,965

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
#	Sunrex Technology Corp.		316,612	$	494,220
#	Sunspring Metal Corp.		391,069		395,819
*	Sunty Development Co. Ltd.		42,000		19,518
	Supreme Electronics Co. Ltd.		1,651,602		2,669,934
#	Swancor Holding Co. Ltd.		15,000		53,242
#	Sweeten Real Estate Development Co. Ltd.		674,465		676,245
#	Symtek Automation Asia Co. Ltd.		213,069		776,603
#	Syncmold Enterprise Corp.		434,750		1,104,504
#	Synmosa Biopharma Corp.		880,404		728,796
	Systex Corp.		606,388		1,882,752
#	T3EX Global Holdings Corp.		432,942		2,010,878
#	TA Chen Stainless Pipe		6,855,946		10,848,523
#	Ta Liang Technology Co. Ltd.		170,000		494,923
#	Ta Ya Electric Wire & Cable		2,381,864		2,121,849
#	Ta Yih Industrial Co. Ltd.		106,000		164,254
#	Tah Hsin Industrial Corp.		309,220		696,503
#	TAI Roun Products Co. Ltd.		201,000		113,016
	TA-I Technology Co. Ltd.		432,788		990,607
*	Tai Tung Communication Co. Ltd.		478,267		302,316
	Taichung Commercial Bank Co. Ltd.		16,367,165		7,036,604
#	TaiDoc Technology Corp.		230,470		1,450,354
#	Taiflex Scientific Co. Ltd.		720,340		1,236,717
#	Taimide Tech, Inc.		401,262		589,288
#	Tainan Enterprises Co. Ltd.		263,370		172,361
#	Tainan Spinning Co. Ltd.		4,429,044		3,625,402
#	Tai-Saw Technology Co. Ltd.		235,120		269,337
#	TaiSol Electronics Co. Ltd.		63,000		91,232
#	Taisun Enterprise Co. Ltd.		736,648		722,936
#	Taita Chemical Co. Ltd.		903,646		1,128,157
	TAI-TECH Advanced Electronics Co. Ltd.		8,000		36,872
#	Taiwan Chinsan Electronic Industrial Co. Ltd.		427,113		719,470
#	Taiwan Cogeneration Corp.		1,558,566		2,144,308
	Taiwan Fertilizer Co. Ltd.		947,000		2,315,848
	Taiwan Fire & Marine Insurance Co. Ltd.		961,338		690,223
	Taiwan FU Hsing Industrial Co. Ltd.		629,000		915,659
	Taiwan Hon Chuan Enterprise Co. Ltd.		1,014,468		2,376,868
#	Taiwan Hopax Chemicals Manufacturing Co. Ltd.		637,120		1,839,376
††	Taiwan Kolin Co. Ltd.		1,356,000		0
*	Taiwan Land Development Corp.		2,845,991		347,656
	Taiwan Line Tek Electronic		144,185		160,588
#	Taiwan Mask Corp.		197,000		566,150
	Taiwan Navigation Co. Ltd.		824,777		1,044,576
	Taiwan Paiho Ltd.		1,040,287		3,239,718
	Taiwan PCB Techvest Co. Ltd.		1,097,238		1,853,163
#	Taiwan Sakura Corp.		751,803		1,893,298
	Taiwan Sanyo Electric Co. Ltd.		417,400		519,358
	Taiwan Secom Co. Ltd.		204,000		737,743
#	Taiwan Semiconductor Co. Ltd.		816,000		2,397,311
	Taiwan Shin Kong Security Co. Ltd.		1,334,577		1,852,774
	Taiwan Steel Union Co. Ltd.		18,000		51,207
#	Taiwan Styrene Monomer		2,102,209		1,373,025
#	Taiwan Surface Mounting Technology Corp.		1,000,388		4,036,514
#	Taiwan Taxi Co. Ltd.		76,888		200,900
# *	Taiwan TEA Corp.		2,057,897		1,544,973
#	Taiwan Union Technology Corp.		992,000		3,420,597
	Taiyen Biotech Co. Ltd.		383,883		454,974
	Tayih Lun An Co. Ltd.		220,890		138,922
#	TCI Co. Ltd.		377,746		3,069,957
	Te Chang Construction Co. Ltd.		258,206		269,392

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
#	Tehmag Foods Corp.		116,380	$	1,250,174
#	Ten Ren Tea Co. Ltd.		140,980		170,547
	Tera Autotech Corp.		91,885		68,122
	Test Research, Inc.		652,820		1,313,670
#	Test Rite International Co. Ltd.		1,139,495		992,023
#	Tex-Ray Industrial Co. Ltd.		311,000		155,490
#	Thinking Electronic Industrial Co. Ltd.		283,204		1,734,741
#	Thye Ming Industrial Co. Ltd.		542,669		640,812
#	Ton Yi Industrial Corp.		2,881,644		1,350,930
#	Tong Hsing Electronic Industries Ltd.		269,976		2,571,191
	Tong Yang Industry Co. Ltd.		1,476,741		1,795,495
# *	Tong-Tai Machine & Tool Co. Ltd.		769,892		443,668
#	TOPBI International Holdings Ltd.		444,096		197,031
	Topco Scientific Co. Ltd.		625,087		3,106,543
	Topco Technologies Corp.		190,720		539,690
#	Topkey Corp.		274,000		1,276,920
#	Topoint Technology Co. Ltd.		579,898		868,760
#	Toung Loong Textile Manufacturing		347,000		442,943
#	TPK Holding Co. Ltd.		1,404,000		2,147,596
	Trade-Van Information Services Co.		255,000		459,409
	Transart Graphics Co. Ltd.		18,000		45,275
	Transcend Information, Inc.		788,000		1,915,136
	Tsang Yow Industrial Co. Ltd.		239,000		190,311
#	Tsann Kuen Enterprise Co. Ltd.		311,686		474,831
	TSC Auto ID Technology Co. Ltd.		107,470		800,426
	TSRC Corp.		2,208,200		2,547,261
#	Ttet Union Corp.		159,000		903,258
#	TTFB Co. Ltd.		38,000		315,648
#	TTY Biopharm Co. Ltd.		843,979		2,087,424
#	Tul Corp.		39,000		211,303
	Tung Ho Steel Enterprise Corp.		2,889,000		4,199,373
	Tung Thih Electronic Co. Ltd.		44,000		319,451
#	TURVO International Co. Ltd.		233,922		872,450
#	TXC Corp.		1,153,053		4,261,421
#	TYC Brother Industrial Co. Ltd.		848,980		609,934
*	Tycoons Group Enterprise		1,750,767		884,097
#	Tyntek Corp.		1,055,039		995,863
#	UDE Corp.		251,000		442,095
#	Ultra Chip, Inc.		266,786		2,080,842
	U-Ming Marine Transport Corp.		1,101,000		2,088,015
*	Union Bank Of Taiwan		8,587,851		3,645,601
#	Unitech Computer Co. Ltd.		385,804		530,549
# *	Unitech Printed Circuit Board Corp.		2,447,937		1,596,663
#	United Integrated Services Co. Ltd.		632,951		4,184,904
	United Orthopedic Corp.		312,935		330,889
#	United Radiant Technology		385,000		217,603
*	United Renewable Energy Co. Ltd.		2,484,437		2,140,238
††	Unity Opto Technology Co. Ltd.		2,760,500		76,685
	Univacco Technology, Inc.		32,000		27,226
#	Universal Cement Corp.		1,697,433		1,258,535
	Universal Microwave Technology, Inc.		207,534		930,600
	Universal Vision Biotechnology Co. Ltd.		38,000		435,375
#	Unizyx Holding Corp.		1,122,430		1,260,577
#	UPC Technology Corp.		2,992,124		2,489,461
#	Userjoy Technology Co. Ltd.		195,587		554,031
#	USI Corp.		2,879,156		3,566,504
# *	Usun Technology Co. Ltd.		209,200		261,702
#	Utechzone Co. Ltd.		203,000		466,521
#	Ve Wong Corp.		556,696		653,381

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
	Ventec International Group Co. Ltd.		42,000	$	191,639
	VHQ Media Holdings Ltd.		24,000		10,456
# *	Victory New Materials Ltd. Co.		327,832		123,280
	Visual Photonics Epitaxy Co. Ltd.		598,772		3,039,537
#	Vivotek, Inc.		131,704		350,504
#	Wafer Works Corp.		1,548,251		3,591,189
#	Waffer Technology Corp.		346,000		240,382
#	Wah Hong Industrial Corp.		144,021		145,732
	Wah Lee Industrial Corp.		729,300		2,234,146
#	Walton Advanced Engineering, Inc.		1,160,197		714,966
	WAN HWA Enterprise Co.		401,238		175,405
# *	Ways Technical Corp. Ltd.		189,000		212,189
#	We & Win Development Co. Ltd.		161,000		56,423
	We&Win Diversification Co. Ltd.		95,000		47,829
	Wei Chuan Foods Corp.		1,343,000		1,104,640
††	Wei Mon Industry Co. Ltd.		3,075,282		0
#	Weikeng Industrial Co. Ltd.		1,360,459		1,366,128
#	Well Shin Technology Co. Ltd.		319,000		552,895
	Wha Yu Industrial Co. Ltd.		301,000		174,069
#	Wholetech System Hitech Ltd.		207,000		312,072
#	Winmate, Inc.		140,000		411,377
#	Winstek Semiconductor Co. Ltd.		250,000		273,099
††	Wintek Corp.		5,447,000		67,205
	WinWay Technology Co. Ltd.		3,000		35,934
#	Wisdom Marine Lines Co. Ltd.		1,535,241		3,613,623
#	Wistron NeWeb Corp.		1,176,155		3,283,891
#	Wowprime Corp.		287,000		1,489,169
	WT Microelectronics Co. Ltd.		1,545,450		3,491,821
#	WUS Printed Circuit Co. Ltd.		628,737		642,028
#	XAC Automation Corp.		302,000		274,622
#	XinTec, Inc.		233,000		1,138,211
#	X-Legend Entertainment Co. Ltd.		106,000		205,824
††	XPEC Entertainment, Inc.		192,135		0
#	Xxentria Technology Materials Corp.		502,207		1,220,868
#	YC INOX Co. Ltd.		1,465,609		1,662,324
#	YCC Parts Manufacturing Co. Ltd.		132,000		162,098
#	Yea Shin International Development Co. Ltd.		635,076		480,589
#	Yem Chio Co. Ltd.		1,710,520		935,531
#	Yeong Guan Energy Technology Group Co. Ltd.		320,987		740,465
#	YFC-Boneagle Electric Co. Ltd.		415,000		356,472
	YFY, Inc.		490,212		565,135
#	Yi Jinn Industrial Co. Ltd.		698,284		434,246
# *	Yieh Phui Enterprise Co. Ltd.		3,252,049		2,905,506
#	Yonyu Plastics Co. Ltd.		279,600		354,965
#	Young Fast Optoelectronics Co. Ltd.		369,872		402,216
#	Youngtek Electronics Corp.		415,666		1,265,513
#	Yuanta Futures Co. Ltd.		342,827		604,760
	Yulon Finance Corp.		540,468		3,279,117
	Yulon Motor Co. Ltd.		1,827,056		2,709,150
	Yung Chi Paint & Varnish Manufacturing Co. Ltd.		250,869		654,218
#	Yungshin Construction & Development Co. Ltd.		390,000		841,188
	YungShin Global Holding Corp.		772,015		1,208,418
	Yungtay Engineering Co. Ltd.		17,000		39,517
	Yusin Holding Corp.		6,721		15,430
	Zeng Hsing Industrial Co. Ltd.		220,107		1,207,613
#	Zenitron Corp.		710,000		735,884
#	Zero One Technology Co. Ltd.		451,000		748,761
	Zhong Yang Technology Co. Ltd.		7,819		13,836
#	Zig Sheng Industrial Co. Ltd.		1,328,732		818,184

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
# *	Zinwell Corp.		1,167,586	$	828,126
#	Zippy Technology Corp.		427,948		621,133
#	ZongTai Real Estate Development Co. Ltd.		595,849		831,581
TOTAL TAIWAN					866,708,392
THAILAND — (2.5%)
	AAPICO Hitech PCL		90,970		58,120
	AAPICO Hitech PCL		827,632		528,767
	Advanced Information Technology PCL, Class F		685,200		908,575
	AEON Thana Sinsap Thailand PCL		145,000		817,148
	After You PCL		850,300		263,937
	AgriPure Holdings PLC		53,500		13,060
	AI Energy PCL		150,750		22,942
	AJ Plast PCL		519,188		298,847
	Allianz Ayudhya Capital PCL		195,200		225,010
	Alucon PCL		2,200		11,835
	Amanah Leasing PCL		1,161,500		174,317
	Amata Corp. PCL		3,648,010		2,242,731
*	Ananda Development PCL		6,704,700		319,247
	AP Thailand PCL		9,603,216		2,561,244
	Asia Plus Group Holdings PCL		8,534,400		936,193
	Asia Sermkij Leasing PCL		1,504,200		1,824,578
	Asian Insulators PCL		1,590,850		371,554
	Asian Sea Corp. PCL		333,500		158,798
	Asiasoft Corp. PCL		560,600		349,715
	Bangchak Corp. PCL		4,365,900		3,618,240
*	Bangkok Airways PCL		3,037,000		1,061,680
	Bangkok Insurance PCL		198,381		1,667,997
	Bangkok Land PCL		49,448,270		1,639,210
	Bangkok Life Assurance PCL		337,300		302,409
*	Bangkok Ranch PCL		2,178,000		200,849
††	Bangkok Rubber Pub Co.		14,600		0
	BCPG PCL		1,733,700		684,441
*	BEC World PCL		2,255,948		829,430
*	Better World Green PCL		14,328,300		354,078
	BG Container Glass PCL		489,200		166,593
	Brooker Group PCL		3,342,140		76,547
	Cal-Comp Electronics Thailand PCL, Class F		12,037,031		950,411
	CH Karnchang PCL		4,634,800		3,044,938
	Charoong Thai Wire & Cable PCL, Class F		726,000		195,817
	Chayo Group PCL		137,060		49,153
	Chularat Hospital PCL, Class F		19,014,200		2,177,472
	CIMB Thai Bank PCL		7,467,800		202,547
	CK Power PCL		2,947,700		448,607
	Communication & System Solution PCL		1,039,100		62,316
*	Country Group Development PCL		16,318,600		255,727
*	Country Group Holdings PCL		7,187,500		240,432
*	Demco PCL		375,400		54,982
*	Dhipaya Group Holdings PCL		2,171,100		2,698,949
	Diamond Building Products PCL		58,000		12,935
	Do Day Dream PCL		340,400		191,832
	Dod Biotech PCL		85,150		0
*	DOD Biotech PCL		170,300		60,047
*	Dusit Thani PCL		114,500		34,334
	Dynasty Ceramic PCL		17,263,480		1,539,965
*	E for L Aim PCL		32,600,100		225,963
	Eastern Polymer Group PCL, Class F		3,876,300		1,296,675
	Eastern Power Group PCL		1,652,608		303,802
	Eastern Water Resources Development & Management PCL, Class F		2,649,000		806,296

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
THAILAND — (Continued)
	Ekachai Medical Care PCL		927,600	$	226,431
*	Esso Thailand PCL		4,288,300		1,027,409
	Exotic Food PCL, Class F		187,600		100,068
	Forth Corp. PCL		1,383,200		833,692
	Forth Smart Service PCL		1,079,200		364,260
*	General Engineering PCL		2,097,100		26,544
	GFPT PCL		2,205,000		770,828
	Global Green Chemicals PCL, Class F		1,314,600		499,178
* ††	Group Lease PCL		1,644,700		12,082
	Gunkul Engineering PCL		14,622,580		2,379,626
	Haad Thip PCL		253,400		288,280
	Humanica PCL		97,200		31,343
	ICC International PCL		204,600		188,060
	Ichitan Group PCL		2,442,200		802,230
	Infraset PCL		429,100		93,754
	Interlink Communication PCL		955,400		264,889
*	Italian-Thai Development PCL		17,231,827		1,215,173
††	ITV PCL		2,785,600		0
	Jasmine International PCL		8,204,700		707,163
	JKN Global Media PCL		183,600		48,967
	Jubilee Enterprise PCL		289,300		216,218
	JWD Infologistics PCL		1,114,000		493,507
	Kang Yong Electric PCL		6,000		68,168
	Karmarts PCL		2,746,100		314,478
	KGI Securities Thailand PCL		1,549,100		308,116
*	Khon Kaen Sugar Industry PCL		7,120,837		828,341
*	Khonburi Sugar PCL		138,500		18,532
	Kiatnakin Phatra Bank PCL		850,500		1,537,859
	Ladprao General Hospital PCL, Class F		60,100		10,505
	Lalin Property PCL		329,400		92,320
	Lam Soon Thailand PCL		1,074,700		179,751
	Lanna Resources PCL		597,250		363,579
	Lee Feed Mill PCL		67,000		5,411
	LH Financial Group PCL		34,547,339		1,530,463
*	Loxley PCL		6,581,976		543,498
	LPN Development PCL		5,815,102		872,725
*	MBK PCL		3,687,274		1,555,695
	MC Group PCL		385,500		109,786
*	MCOT PCL		658,800		143,940
	MCS Steel PCL		1,579,400		690,162
*	MDX PCL		108,900		20,019
	Mega Lifesciences PCL		1,428,200		2,001,395
	Millcon Steel PCL		3,730,168		163,000
	Modernform Group PCL		2,003,800		235,510
*	Mono Next PCL, Class F		5,406,600		249,291
	Muang Thai Insurance PCL		61,288		166,230
	Namyong Terminal PCL		2,073,000		254,889
	Nava Nakorn PCL		1,852,800		140,708
*	Nawarat Patanakarn PCL		2,154,200		68,166
	Netbay PCL		412,100		310,480
	Noble Development PCL		2,058,500		406,334
	Northeast Rubber PCL		2,121,400		489,074
*	Nusasiri PCL		2,408,400		27,581
	Origin Property PCL, Class F		2,819,350		960,104
	Pacific Pipe PCL		192,400		30,441
	PCS Machine Group Holding PCL		1,196,800		194,763
	Plan B Media PCL, Class F		7,385,700		1,424,500
*	Platinum Group PCL, Class F		3,236,300		317,949
	Polyplex Thailand PCL		1,251,550		920,299

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
THAILAND — (Continued)
*	Power Solution Technologies PCL, Class F		7,178,320	$	566,781
	Praram 9 Hospital PCL		52,600		17,912
	Precious Shipping PCL		1,822,700		994,225
	Premier Marketing PCL		1,413,900		434,620
	Prima Marine PCL		3,944,200		772,615
*	Principal Capital PCL		1,537,400		202,933
	Property Perfect PCL		37,685,530		522,424
	Pruksa Holding PCL		3,296,800		1,371,079
	PTG Energy PCL		3,706,400		1,742,480
	Pylon PCL		1,586,600		214,208
	Quality Houses PCL		33,402,326		2,315,237
*	Raimon Land PCL		9,678,200		282,916
	Rajthanee Hospital PCL		605,800		607,032
	Ratchaphruek Hospital PCL		146,400		26,692
	Ratchthani Leasing PCL		9,072,255		1,120,960
	Regional Container Lines PCL		883,700		1,165,128
	Rojana Industrial Park PCL		3,373,354		701,458
*	RS PCL		2,017,800		1,064,160
	S 11 Group PCL		1,380,900		280,903
	S Kijchai Enterprise PCL		46,600		9,760
	Sabina PCL		829,900		485,197
	Saha Pathana Inter-Holding PCL		699,100		1,390,510
	Sahakol Equipment PCL		2,553,800		187,788
	Sahamitr Pressure Container PCL		676,000		234,280
	Saha-Union PCL		753,300		749,157
*	Samart Corp. PCL		2,586,300		491,033
*	Samart Telcoms PCL		721,200		141,273
	Sansiri PCL		53,038,010		2,013,950
	Sappe PCL		511,700		393,230
	SC Asset Corp. PCL		7,522,115		811,547
	SCG Ceramics PCL		1,306,100		100,764
	SEAFCO PCL		2,508,302		343,184
	Sena Development PCL		2,107,633		260,417
	Sermsang Power Corp. Co. Ltd.		1,331,480		553,738
*	Siam Wellness Group PCL, Class F		405,300		92,828
	Siamgas & Petrochemicals PCL		2,432,500		1,055,617
*	Simat Technologies PCL		678,300		109,362
*	Singha Estate PCL		14,145,954		861,142
	Sino-Thai Engineering & Construction PCL		4,544,900		1,890,142
	SiS Distribution Thailand PCL		23,400		25,739
	SISB PCL		39,100		11,548
	SNC Former PCL		626,400		266,172
	Somboon Advance Technology PCL		1,259,637		778,198
	Southern Concrete Pile PCL		115,700		21,269
	SPCG PCL		2,079,700		1,115,608
	Sriracha Construction PCL		37,900		19,645
	Srisawad Finance PCL		414,300		390,172
*	Srithai Superware PCL		6,980,200		294,501
	Srivichai Vejvivat PCL		877,300		311,976
*	Star Petroleum Refining PCL		6,886,000		2,178,950
*	STP & I PCL		5,356,064		703,758
	Supalai PCL		4,750,691		3,350,145
	Super Energy Corp. PCL		72,643,500		2,123,535
	Susco PCL		2,546,000		251,665
	SVI PCL		1,290,700		217,823
	Synnex Thailand PCL		181,140		139,202
	Syntec Construction PCL		4,893,200		286,079
	TAC Consumer PCL, Class F		1,679,700		410,022
	Taokaenoi Food & Marketing PCL, Class F		2,245,080		446,546

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
THAILAND — (Continued)
*	Tata Steel Thailand PCL		211,900	$	10,601
	Thai Agro Energy PCL		1,506,200		107,124
	Thai Nakarin Hospital PCL		338,300		331,342
	Thai Rayon PCL		40,200		62,088
	Thai Reinsurance PCL		8,213,800		321,794
*	Thai Rubber Latex Group PCL		536,600		41,075
	Thai Solar Energy PCL, Class F		3,485,274		285,691
	Thai Stanley Electric PCL, Class F		152,100		809,030
	Thai Vegetable Oil PCL		1,734,275		1,633,273
	Thai Wacoal PCL		78,000		94,026
	Thai Wah PCL, Class F		2,244,800		375,458
	Thaicom PCL		2,726,000		895,454
	Thaifoods Group PCL		4,336,400		572,393
	Thaire Life Assurance PCL		331,700		30,189
	Thanachart Capital PCL		661,100		702,291
	Thitikorn PCL		807,900		216,690
	Thoresen Thai Agencies PCL		5,332,954		1,864,304
	Tipco Asphalt PCL		2,923,000		1,612,021
	TIPCO Foods PCL		1,167,082		323,579
	TKS Technologies PCL		681,450		252,598
	TMT Steel PCL		1,137,600		370,258
	TPC Power Holding PCL		1,014,800		336,406
	TPI Polene PCL		30,233,900		1,558,049
	TPI Polene Power PCL		10,361,800		1,324,012
	TQM Corp. PCL		314,700		995,811
*	Triton Holding PCL		5,896,200		49,753
*	TTCL PCL		715,340		95,716
	TTW PCL		3,170,000		1,117,728
*	U City PCL, Class F		16,368,114		882,963
	UAC Global PCL		353,200		53,753
	Union Auction PCL		1,151,000		319,120
*	Unique Engineering & Construction PCL		2,628,670		530,764
	United Paper PCL		1,036,800		515,549
*	United Power of Asia PCL		1,651,700		18,417
	Univanich Palm Oil PCL		2,156,800		545,984
	Univentures PCL		3,009,700		370,062
	Vanachai Group PCL		1,881,759		533,068
	Vinythai PCL		924,534		1,058,760
	WHA Corp. PCL		14,214,900		1,447,943
	WHA Utilities and Power PCL		4,811,700		611,930
	Workpoint Entertainment PCL		987,440		672,528
TOTAL THAILAND					129,555,886
TURKEY — (0.7%)
*	Adese Alisveris Merkezleri Ticaret AS		897,008		108,972
*	Afyon Cimento Sanayi TAS		570,356		206,152
	Agesa Hayat ve Emeklilik AS, Class A		139,046		282,353
	Akcansa Cimento AS		105,774		172,925
	Aksa Akrilik Kimya Sanayii AS		662,984		1,628,394
# *	Aksa Enerji Uretim AS, Class B		1,100,276		869,250
	Aksigorta AS		321,383		234,915
	Alarko Carrier Sanayii VE Ticaret AS		898		28,191
#	Alarko Holding AS		456,636		451,599
*	Albaraka Turk Katilim Bankasi AS		2,063,168		381,197
#	Alkim Alkali Kimya AS		270,446		482,694
#	Anadolu Anonim Turk Sigorta Sirketi		728,866		451,005
	Anadolu Hayat Emeklilik AS		227,540		222,328
#	Aygaz AS		295,214		560,406
*	Bagfas Bandirma Gubre Fabrikalari AS		26,772		57,623

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TURKEY — (Continued)
*	Baticim Bati Anadolu Cimento Sanayii AS		1	$	2
*	Bera Holding AS		1,221,639		1,210,177
*	Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS		458,438		308,898
	Bizim Toptan Satis Magazalari AS		92,284		119,972
*	Borusan Mannesmann Boru Sanayi ve Ticaret AS		88,533		223,484
	Borusan Yatirim ve Pazarlama AS		13,102		474,840
	Brisa Bridgestone Sabanci Sanayi ve Ticaret AS		94,226		229,614
*	Cimsa Cimento Sanayi VE Ticaret AS		201,500		655,583
	Deva Holding AS		128,362		316,986
	Dogan Sirketler Grubu Holding AS		1		0
*	Dogtas Kelebek Mobilya Sanayi ve Ticaret AS		491,010		112,434
	Dogus Otomotiv Servis ve Ticaret AS		117,142		438,989
	Eczacibasi Yatirim Holding Ortakligi AS		2,502		9,743
#	EGE Endustri VE Ticaret AS		4,026		540,406
	EGE Gubre Sanayii AS		529		10,013
	EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS		488,985		305,938
	Erbosan Erciyas Boru Sanayii ve Ticaret AS		57,590		698,801
# *	Fenerbahce Futbol AS		128,655		407,912
# *	Global Yatirim Holding AS		877,047		169,869
††	Goldas Kuyumculuk Sanayi AS		8,540		0
	Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS		1		4
	Goodyear Lastikleri TAS		243,750		204,329
# *	Gozde Girisim Sermayesi Yatirim Ortakligi AS		506,666		356,951
*	GSD Holding AS		1,030,347		279,830
# *	Hektas Ticaret TAS		1,411,573		1,302,718
*	Ihlas Gayrimenkul Proje Gelistirme Ve Ticaret AS		523,213		46,189
# *	Ihlas Holding AS		4,637,288		270,836
	Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret AS		441,380		304,142
# *	Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim AS		311,954		443,391
# *	Is Finansal Kiralama AS		766,484		245,149
	Is Yatirim Menkul Degerler AS, Class A		444,931		740,315
*	Isiklar Enerji ve Yapi Holding AS		1,781,132		170,760
*	Izmir Demir Celik Sanayi AS		1,216,377		297,801
	Jantsa Jant Sanayi Ve Ticaret AS		10,787		70,241
*	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class A		279,029		188,328
*	Karel Elektronik Sanayi ve Ticaret AS		45,535		40,406
*	Karsan Otomotiv Sanayii Ve Ticaret AS		86,706		33,171
	Kartonsan Karton Sanayi ve Ticaret AS		60,835		333,240
*	Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret AS		861,950		122,367
*	Kerevitas Gida Sanayi ve Ticaret AS		480,207		212,381
*	Konya Cimento Sanayii AS		330		28,838
# *	Kordsa Teknik Tekstil AS		212,758		611,162
# *	Koza Anadolu Metal Madencilik Isletmeleri AS		526,756		918,935
*	Kutahya Porselen Sanayi AS		7,678		56,988
	Logo Yazilim Sanayi Ve Ticaret AS		278,280		1,235,653
W	Mavi Giyim Sanayi Ve Ticaret AS, Class B		142,313		1,066,729
*	Menderes Tekstil Sanayi ve Ticaret AS		325,597		71,128
*	Metro Ticari ve Mali Yatirimlar Holding AS		896,402		120,224
# *	Migros Ticaret AS		266,910		979,571
# * W	MLP Saglik Hizmetleri AS		338,477		957,240
*	NET Holding AS		672,126		299,366
*	Netas Telekomunikasyon AS		110,964		198,743
	Nuh Cimento Sanayi AS		271,343		1,229,426
# *	ODAS Elektrik Uretim ve Sanayi Ticaret AS		1,185,849		173,529
*	Oyak Cimento Fabrikalari AS		322,162		231,678
*	Parsan Makina Parcalari Sanayii AS		60,935		197,074
	Polisan Holding AS		443,358		127,582
*	Reysas Tasimacilik ve Lojistik Ticaret AS		712,126		380,456
	Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS		1,194,147		2,293,315

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
TURKEY — (Continued)
# *	Sasa Polyester Sanayi AS		764,998	$	2,467,291
# *	Sekerbank Turk AS		3,368,091		352,531
#	Selcuk Ecza Deposu Ticaret ve Sanayi AS		376,098		348,479
	Tat Gida Sanayi AS		237,110		236,720
*	TAV Havalimanlari Holding AS		215,916		595,660
#	Tekfen Holding AS		547,945		861,011
*	Teknosa Ic Ve Dis Ticaret AS		248,198		159,944
*	Trabzonspor Sportif Yatirim ve Futbol Isletmeciligi TAS		265,900		150,533
*	Tumosan Motor ve Traktor Sanayi AS		15,813		26,188
*	Turcas Petrol AS		410,905		151,076
	Turk Prysmian Kablo ve Sistemleri AS		26,111		62,012
	Turk Traktor ve Ziraat Makineleri AS		20,672		355,728
#	Turkiye Sinai Kalkinma Bankasi AS		4,211,717		569,511
	Ulker Biskuvi Sanayi AS		227,811		478,624
#	Vestel Elektronik Sanayi ve Ticaret AS		266,196		707,920
	Yatas Yatak ve Yorgan Sanayi ve Ticaret AS		411,795		572,538
# *	Zorlu Enerji Elektrik Uretim AS		1,355,034		230,491
TOTAL TURKEY					37,538,108
UNITED ARAB EMIRATES — (0.5%)
	Abu Dhabi Islamic Bank PJSC		2,366,130		3,767,327
	Abu Dhabi National Insurance Co. PSC		41,099		62,529
*	Abu Dhabi Ship Building Co. PJSC		163,169		197,346
	Agthia Group PJSC		506,683		820,109
*	Air Arabia PJSC		5,768,274		2,187,442
*	Ajman Bank PJSC		391,523		74,376
*	Amanat Holdings PJSC		2,892,817		889,431
*	Amlak Finance PJSC		1,550,731		112,874
* ††	Arabtec Holding PJSC		2,783,626		75,328
	Aramex PJSC		2,333,472		2,783,583
*	Arkan Building Materials Co.		1,694,939		752,467
*	DAMAC Properties Dubai Co. PJSC		3,245,179		1,106,640
	Dana Gas PJSC		9,066,793		2,552,997
*	Deyaar Development PJSC		4,974,003		403,084
*	Dubai Financial Market PJSC		4,379,855		1,216,486
	Dubai Investments PJSC		3,430,217		1,591,163
*	Emaar Development PJSC		1,659,508		1,770,438
*	Emaar Malls PJSC		1,874,550		1,023,198
*	Eshraq Investments PJSC		3,209,731		282,472
*	Gulf Navigation Holding PJSC		1,692,804		121,498
	Islamic Arab Insurance Co.		1,436,722		293,659
*	Manazel PJSC		2,321,552		347,940
	National Central Cooling Co. PJSC		671,827		514,354
*	RAK Properties PJSC		2,768,862		553,160
*	Ras Al Khaimah Cement Investment Public PSC		401,252		724,038
	Ras Al Khaimah Ceramics		364,466		272,663
	SHUAA Capital PSC		1,299,013		236,880
*	Union Properties PJSC		1,796,436		128,781
TOTAL UNITED ARAB EMIRATES					24,862,263
UNITED KINGDOM — (0.0%)
*	Bytes Technology Group PLC		121,363		881,800
TOTAL COMMON STOCKS					5,097,557,730
PREFERRED STOCKS — (0.6%)
BRAZIL — (0.6%)
*	Alpargatas SA		193,748		1,326,143

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
BRAZIL — (Continued)
	Banco ABC Brasil SA		321,270	$	864,682
W	Banco BMG SA		145,400		78,577
	Banco do Estado do Rio Grande do Sul SA Class B		830,761		1,602,996
	Banco Pan SA		143,931		338,928
	Centrais Eletricas Santa Catarina		59,700		719,303
	Cia de Saneamento do Parana		4,294,927		2,830,917
	Cia de Transmissao de Energia Eletrica Paulista		659,178		2,840,499
	Cia Energetica de Sao Paulo Class B		699,320		3,159,690
	Cia Energetica do Ceara Class A		98,239		917,150
	Cia Ferro Ligas da Bahia - FERBASA		196,603		1,651,189
	Cia Paranaense de Energia		2,652,995		2,782,829
	Eucatex SA Industria e Comercio		196,878		277,676
	Grazziotin SA		12,400		99,221
	Marcopolo SA		2,004,511		919,891
	Randon SA Implementos e Participacoes		703,536		1,266,509
	Schulz SA		157,600		230,377
*	Taurus Armas SA		115,400		416,510
	Unipar Carbocloro SA Class B		272,618		3,606,856
	Usinas Siderurgicas de Minas Gerais SA Usiminas Class A		1,604,571		3,767,066
TOTAL BRAZIL					29,697,009
CHILE — (0.0%)
	Coca-Cola Embonor SA Class B		598,934		653,901
PHILIPPINES — (0.0%)
	Cebu Air, Inc., 6.000%		652,339		569,875
THAILAND — (0.0%)
*	U City PCL		49,104,342		1,701,800
TOTAL PREFERRED STOCKS					32,622,585
RIGHTS/WARRANTS — (0.0%)
BRAZIL — (0.0%)
*	Gafisa SA Rights Exp 06/15/20		1		0
*	Gafisa SA Rights Exp 06/15/20		2		0
*	Ultrapar Participacoes SA Rights 11/03/21		67,438		0
CHILE — (0.0%)
*	Banvida SA Rights Exp 9/24/20		5,722		287
INDONESIA — (0.0%)
*	Citra Marga Nusaphala Persada Tbk PT Warrants 11/14/25		219,977		6,211
SOUTH KOREA — (0.0%)
*	Ascendio Co. Ltd. Rights Exp 11/04/21		11,263		17,927
*	Dong Bang Transport Logistics Rights 12/07/21		12,004		7,807
TOTAL SOUTH KOREA					25,734
TAIWAN — (0.0%)
*	CoreMax Corp. Rights Exp 10/21/21		9,403		27,557
*	Ta Ya Electric Wire & Cable Rights 11/10/21		87,015		11,734
TOTAL TAIWAN					39,291
THAILAND — (0.0%)
*	Banpu PCL 10/01/22		471,400		73,163
*	Banpu PCL 10/01/23		471,400		48,017
*	MBK PCL Warrants 10/27/22		147,491		48,893

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

		Shares		Value»
THAILAND — (Continued)
*	Nfraset PCL Warrants Exp 10/14/21		143,950	$	22,775
TOTAL THAILAND					192,848
TOTAL RIGHTS/WARRANTS					264,371
TOTAL INVESTMENT SECURITIES (Cost $3,960,382,989)					5,130,444,686
				Value†
SECURITIES LENDING COLLATERAL — (2.7%)
@ §	The DFA Short Term Investment Fund		12,375,122		143,180,163
TOTAL INVESTMENTS — (100.0%) (Cost $4,103,547,624)				$	5,273,624,849

ADR American Depositary Receipt

CP Certificate Participation

GDR Global Depositary Receipt

SA Special Assessment

ST Special Tax

» Securities that have been fair value factored. See Note B to Financial Statements.

* Non-Income Producing Securities.

# Total or Partial Securities on Loan.

W 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.

†† Security valued using significant unobservable inputs (Level 3).

† See Note B to Financial Statements.

@ Security purchased with cash collateral received from Securities on Loan.

§ Affiliated Fund.

As of October 31, 2021, The Emerging Markets Small Cap Series had entered into the following outstanding futures contracts:

Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
E-Mini MSCI Emerging Markets Index		400		12/17/21	$	25,186,156	$	25,240,000	$	53,844
Total Futures Contracts					$	25,186,156	$	25,240,000	$	53,844

Summary of the Series’ investments as of October 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
Brazil	$	189,964,479		—		—	$	189,964,479
Chile		53,743	$	28,644,662		—		28,698,405
China		88,808,409		1,273,676,800	$	23,043,993		1,385,529,202
Colombia		8,479,068		—		—		8,479,068
Greece		—		16,354,784		—		16,354,784
Hong Kong		1,120,518		8,861,567		295,125		10,277,210
Hungary		—		4,328,456		—		4,328,456
India		1,286,534		780,623,279		10,843		781,920,656
Indonesia		232,661		89,424,388		1,020,383		90,677,432
Malaysia		—		86,797,023		1,421		86,798,444
Mexico		118,747,907		6,406,078		17,571		125,171,556

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3			Total
Philippines		—	$	54,449,567	$	6,363		$	54,455,930
Poland		—		60,577,006		—			60,577,006
Qatar		—		27,109,917		—			27,109,917
Russia	$	15,459,484		—		—			15,459,484
Saudi Arabia		764,967		138,961,891		—			139,726,858
South Africa		7,373,876		189,829,682		—			197,203,558
South Korea		390,687		813,492,034		1,396,115			815,278,836
Taiwan		—		866,392,584		315,808			866,708,392
Thailand		129,543,804		—		12,082			129,555,886
Turkey		—		37,538,108		—			37,538,108
United Arab Emirates		—		24,786,935		75,328			24,862,263
United Kingdom		—		881,800		—			881,800
Preferred Stocks
Brazil		29,618,432		78,577		—			29,697,009
Chile		—		653,901		—			653,901
Philippines		—		569,875		—			569,875
Thailand		1,701,800		—		—			1,701,800
Rights/Warrants
Chile		—		287		—			287
Indonesia		—		6,211		—			6,211
South Korea		—		25,734		—			25,734
Taiwan		—		39,291		—			39,291
Thailand		—		192,848		—			192,848
Securities Lending Collateral		—		143,180,163		—			143,180,163
Futures Contracts**		53,844		—		—			53,844
TOTAL	$	593,600,213	$	4,653,883,448	$	26,195,032	^	$	5,273,678,693

** Valued at the unrealized appreciation/(depreciation) on the investment.

^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of The DFA Investment Trust Company and Shareholders of The U.S. Large Cap Value Series, The DFA International Value Series, The Japanese Small Company Series, The Asia Pacific Small Company Series, The United Kingdom Small Company Series, The Continental Small Company Series, The Canadian Small Company Series, The Emerging Markets Series and The Emerging Markets Small Cap Series

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the summary schedules of portfolio holdings, of The U.S. Large Cap Value Series, The DFA International Value Series, The Japanese Small Company Series, The Asia Pacific Small Company Series, The United Kingdom Small Company Series, The Continental Small Company Series, The Canadian Small Company Series, The Emerging Markets Series and The Emerging Markets Small Cap Series (nine of the series constituting The DFA Investment Trust Company, hereafter collectively referred to as the “Series”) as of October 31, 2021, the related statements of operations for the year ended October 31, 2021, the statements of changes in net assets for each of the two years in the period ended October 31, 2021, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2021 (included in Item 1 of this Form N-CSR) and the schedules of investments (included in Item 6 of this Form N-CSR) as of October 31, 2021 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Series as of October 31, 2021, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended October 31, 2021, and each of the financial highlights for each of the five years in the period ended October 31, 2021 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinions

These financial statements are the responsibility of the Series’ management. Our responsibility is to express an opinion on the Series’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Series in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2021 by correspondence with the custodians, brokers and transfer agent of the investee fund; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

PricewaterhouseCoopers LLP, Two Commerce Square, Suite 1800, 2001 Market Street, Philadelphia, PA 19103-7042
T: (267) 330 3000, F: (267) 330 3300, www.pwc.com/us

Philadelphia, Pennsylvania

December 22, 2021

We have served as the auditor of one or more investment companies in Dimensional Fund Advisors L.P. investment company group since 1981.

2 of 2

(b) Not applicable.

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

This item is not applicable to the Registrant, which is an open-end management investment company.

ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

This item is not applicable to the Registrant, which is an open-end management investment company.

ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

This item is not applicable to the Registrant, which is an open-end management investment company.

ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None.

ITEM 11. CONTROLS AND PROCEDURES.

(a) Based on their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this Form N-CSR (the “Report”), the Registrant’s Co-Principal Executive Officers and Principal Financial Officer believe that the disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effectively designed to ensure that information required to be disclosed by the Registrant in the Report is recorded,

processed, summarized and reported by the filing date, including ensuring that information required to be disclosed in the Report is accumulated and communicated to the Registrant’s officers that are making certifications in the Report, as appropriate, to allow timely decisions regarding required disclosure. The Registrant’s management, including the Co-Principal Executive Officers and the Principal Financial Officer, recognizes that any set of controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940, as amended) that occurred during the period covered by this Report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

This item is not applicable to the Registrant, which is an open-end management investment company.

ITEM 13. EXHIBITS.

(a)(1)	Code of Ethics is filed herewith.
(a)(2)	Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are filed herewith.
(a)(3)	This item is not applicable.
(b)	Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 are filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

The DFA Investment Trust Company

By:	/s/ David P. Butler
	David P. Butler
	Co-Chief Executive Officer

Date: January 5, 2022

By:	/s/ Gerard K. O’Reilly
	Gerard K. O’Reilly
	Co-Chief Executive Officer and
	Chief Investment Officer

Date: January 5, 2022

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:	/s/ David P. Butler
	David P. Butler
	Co-Principal Executive Officer
	The DFA Investment Trust Company

Date: January 5, 2022

By:	/s/ Gerard K. O’Reilly
	Gerard K. O’Reilly
	Co-Principal Executive Officer
	The DFA Investment Trust Company

Date: January 5, 2022

By:	/s/ Jan Miller
	Jan Miller
	Principal Financial Officer
	The DFA Investment Trust Company

Date: January 5, 2022