Dimensional Emerging Markets Value Fund N-CSRS Certified semi-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 811-7440

DIMENSIONAL EMERGING MARKETS VALUE FUND

(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

Dimensional Emerging Markets Value Fund,

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: November 1, 2019 – April 30, 2020

ITEM 1. REPORTS TO STOCKHOLDERS.

Semi-Annual Report

Six Months Ended: April 30, 2020 (Unaudited)

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 Continental Small Company Series
The Japanese Small Company Series	The Canadian Small Company Series
The Asia Pacific Small Company Series	The Emerging Markets Series
The United Kingdom Small Company Series	The Emerging Markets Small Cap Series
Dimensional Emerging Markets Value Fund

See the inside front cover for important information about access to your fund’s annual and semi-annual shareholder reports.

Important information about access to shareholder reports

Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of each Portfolio’s annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the Portfolio or from your financial intermediary. Instead, the reports will be made available on a Portfolio’s website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications electronically from a Portfolio anytime by contacting the Portfolio’s transfer agent at (888) 576-1167 or by contacting your financial intermediary.

You may elect to receive all future shareholder reports in paper free of charge. You can inform a Portfolio that you wish to continue receiving paper copies of your shareholder reports by contacting your financial intermediary or, if you invest directly with the Portfolio, by calling (888) 576-1167, to let the Portfolio know of your request. Your election to receive reports in paper will apply to all DFA Funds held directly or to all funds held through your financial intermediary.

[THIS PAGE INTENTIONALLY LEFT BLANK]

June 8, 2020

Dear Fellow Shareholder,

Since our founding in 1981, Dimensional has centered on providing sound investment solutions based on financial science. We recognize that the assets you entrust to our firm play an important role in your future, and we take that responsibility seriously.

With a 39-year track record, our investment approach is guided by rigorous academic research and deep convictions about the power of capital markets. Dimensional aims to add value by using a systematic approach to invest in securities with higher expected returns and implementing a robust portfolio management process that seeks to increase returns and manage risk.

On behalf of everyone at Dimensional, we are honored by the opportunity to serve you and committed to continuing to raise the bar for investors.

Sincerely,

David P. Butler	Gerard K. O’Reilly
Co-Chief Executive Officer	Co-Chief Executive Officer and
	Chief Investment Officer

[THIS PAGE INTENTIONALLY LEFT BLANK]

SEMI-ANNUAL REPORT

(Unaudited)

Table of Contents

	Page
Letter to Shareholders
Definitions of Abbreviations and Footnotes		1
DFA Investment Dimensions Group Inc.
Disclosure of Fund Expenses		3
Disclosure of Portfolio Holdings		7
Schedules of Investments/Summary Schedules of Portfolio Holdings
Large Cap International Portfolio		9
International Core Equity Portfolio		13
Global Small Company Portfolio		18
International Small Company Portfolio		19
Japanese Small Company Portfolio		20
Asia Pacific Small Company Portfolio		21
United Kingdom Small Company Portfolio		22
Continental Small Company Portfolio		23
DFA International Real Estate Securities Portfolio		24
DFA Global Real Estate Securities Portfolio		28
DFA International Small Cap Value Portfolio		30
International Vector Equity Portfolio		35
International High Relative Profitability Portfolio		40
World ex U.S. Value Portfolio		44
World ex U.S. Core Equity Portfolio		45
World Core Equity Portfolio		52
Selectively Hedged Global Equity Portfolio		53
Emerging Markets Portfolio		55
Emerging Markets Small Cap Portfolio		56
Emerging Markets Value Portfolio		57
Emerging Markets Core Equity Portfolio		58
Emerging Markets Targeted Value Portfolio		63
Statements of Assets and Liabilities		67
Statements of Operations		73
Statements of Changes in Net Assets		79
Financial Highlights		87
Notes to Financial Statements		100
Section 19(a) Notice		129
Dimensional Investment Group Inc.
Disclosure of Fund Expenses		131
Disclosure of Portfolio Holdings		133
Schedule of Investments
DFA International Value Portfolio		134
Statement of Assets and Liabilities		135
Statement of Operations		136
Statements of Changes in Net Assets		137
Financial Highlights		138
Notes to Financial Statements		140
Section 19(a) Notice		147
The DFA Investment Trust Company
Disclosure of Fund Expenses		148
Disclosure of Portfolio Holdings		150
Summary Schedules of Portfolio Holdings
The DFA International Value Series		152
The Japanese Small Company Series		156

i

TABLE OF CONTENTS

CONTINUED

	Page
The Asia Pacific Small Company Series		159
The United Kingdom Small Company Series		162
The Continental Small Company Series		165
The Canadian Small Company Series		169
The Emerging Markets Series		172
The Emerging Markets Small Cap Series		177
Statements of Assets and Liabilities		181
Statements of Operations		183
Statements of Changes in Net Assets		185
Financial Highlights		188
Notes to Financial Statements		191
Dimensional Emerging Markets Value Fund
Disclosure of Fund Expenses		204
Disclosure of Portfolio Holdings		205
Summary Schedule of Portfolio Holdings
Dimensional Emerging Markets Value Fund		207
Statement of Assets and Liabilities		211
Statement of Operations		212
Statements of Changes in Net Assets		213
Financial Highlights		214
Notes to Financial Statements		215
Voting Proxies on Fund Portfolio Securities		224
Statement Regarding Liquidity Risk Management Program		225
Board Approval of Investment Management Agreements		226

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
P.L.C.	Public Limited Company
SA	Special Assessment
REIT	Real Estate Investment Trust
GDR	Global Depositary Receipt
CAD	Canadian Dollars
DKK	Danish Krone
EUR	Euro
GBP	British Pounds
ILS	Israeli New Shekel
JPY	Japanese Yen
NOK	Norwegian Krone
SEK	Swedish Krona
SGD	Singapore Dollars
Investment Footnotes
»	Securities that have generally 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.
†	See Note B to Financial Statements.
@	Security purchased with cash collateral received from Securities on Loan.
§	Affiliated Fund.
*	Non-Income Producing Securities.

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 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)	Annualized
(D)	Represents the combined ratios for the respective portfolio and its respective pro-rata share of its Master Fund(s).
(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) and/or Underlying 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
	Commencement of Operations.

2

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 April 30, 2020

EXPENSE TABLES

	Beginning Account Value 11/01/19		Ending Account Value 04/30/20		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
Large Cap International Portfolio
Actual Fund Return	$	1,000.00	$	850.50		0.22	%	$	1.01
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.77		0.22	%	$	1.11
International Core Equity Portfolio
Actual Fund Return	$	1,000.00	$	831.50		0.30	%	$	1.37
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.37		0.30	%	$	1.51

3

DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning		Ending					Expenses
	Account		Account		Annualized			Paid
	Value		Value		Expense			During
	11/01/19		04/30/20		Ratio (1)			Period (1)
Global Small Company Portfolio (2)
Actual Fund Return	$	1,000.00	$	824.10		0.48	%	$	2.18
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.48		0.48	%	$	2.41
International Small Company Portfolio (2)
Actual Fund Return	$	1,000.00	$	836.50		0.53	%	$	2.42
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.23		0.53	%	$	2.66
Japanese Small Company Portfolio (3)
Actual Fund Return	$	1,000.00	$	859.50		0.54	%	$	2.50
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.18		0.54	%	$	2.72
Asia Pacific Small Company Portfolio (3)
Actual Fund Return	$	1,000.00	$	817.90		0.55	%	$	2.49
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.13		0.55	%	$	2.77
United Kingdom Small Company Portfolio (3)
Actual Fund Return	$	1,000.00	$	787.80		0.58	%	$	2.58
Hypothetical 5% Annual Return	$	1,000.00	$	1,021.98		0.58	%	$	2.92
Continental Small Company Portfolio (3)
Actual Fund Return	$	1,000.00	$	841.00		0.54	%	$	2.47
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.18		0.54	%	$	2.72
DFA International Real Estate Securities Portfolio
Actual Fund Return	$	1,000.00	$	719.90		0.27	%	$	1.15
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.52		0.27	%	$	1.36
DFA Global Real Estate Securities Portfolio (4)
Actual Fund Return	$	1,000.00	$	787.00		0.24	%	$	1.07
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.67		0.24	%	$	1.21
DFA International Small Cap Value Portfolio
Actual Fund Return	$	1,000.00	$	790.00		0.66	%	$	2.94
Hypothetical 5% Annual Return	$	1,000.00	$	1,021.58		0.66	%	$	3.32
International Vector Equity Portfolio
Actual Fund Return	$	1,000.00	$	813.00		0.48	%	$	2.16
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.48		0.48	%	$	2.41
International High Relative Profitability Portfolio
Actual Fund Return	$	1,000.00	$	892.40		0.31	%	$	1.46
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.32		0.31	%	$	1.56

4

DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning		Ending					Expenses
	Account		Account		Annualized			Paid
	Value		Value		Expense			During
	11/01/19		04/30/20		Ratio (1)			Period (1)
World ex U.S. Value Portfolio (2)
Actual Fund Return	$	1,000.00	$	773.80		0.60	%	$	2.65
Hypothetical 5% Annual Return	$	1,000.00	$	1,021.88		0.60	%	$	3.02
World ex U.S. Core Equity Portfolio
Actual Fund Return	$	1,000.00	$	835.80		0.36	%	$	1.64
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.07		0.36	%	$	1.81
World Core Equity Portfolio (2)
Actual Fund Return	$	1,000.00	$	882.30		0.32	%	$	1.50
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.27		0.32	%	$	1.61
Selectively Hedged Global Equity Portfolio (2)
Actual Fund Return	$	1,000.00	$	880.70		0.40	%	$	1.87
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.87		0.40	%	$	2.01
Emerging Markets Portfolio (3)
Actual Fund Return	$	1,000.00	$	857.30		0.46	%	$	2.12
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.58		0.46	%	$	2.31
Emerging Markets Small Cap Portfolio (3)
Actual Fund Return	$	1,000.00	$	826.30		0.71	%	$	3.22
Hypothetical 5% Annual Return	$	1,000.00	$	1,021.33		0.71	%	$	3.57
Emerging Markets Value Portfolio (3)
Actual Fund Return
Class R2 Shares	$	1,000.00	$	806.20		0.80	%	$	3.59
Institutional Class Shares	$	1,000.00	$	807.30		0.55	%	$	2.47
Hypothetical 5% Annual Return
Class R2 Shares	$	1,000.00	$	1,020.89		0.80	%	$	4.02
Institutional Class Shares	$	1,000.00	$	1,022.13		0.55	%	$	2.77
Emerging Markets Core Equity Portfolio
Actual Fund Return	$	1,000.00	$	844.90		0.51	%	$	2.34
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.33		0.51	%	$	2.56
Emerging Markets Targeted Value Portfolio
Actual Fund Return	$	1,000.00	$	806.70		0.84	%	$	3.77
Hypothetical 5% Annual Return	$	1,000.00	$	1,020.69		0.84	%	$	4.22

(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 (182), then divided by the number of days in the year (366) to reflect the six-month period.

5

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).

6

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 March 31, 2020. 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	%

7

DISCLOSURE OF PORTFOLIO HOLDINGS

CONTINUED

INTERNATIONAL EQUITY PORTFOLIOS

Large Cap International Portfolio

Communication Services	6.5	%
Consumer Discretionary	12.2	%
Consumer Staples	10.9	%
Energy	5.2	%
Financials	15.0	%
Health Care	12.8	%
Industrials	15.0	%
Information Technology	7.0	%
Materials	9.5	%
Real Estate	2.1	%
Utilities	3.8	%
	100.0	%

International Core Equity Portfolio

Communication Services	6.0	%
Consumer Discretionary	13.8	%
Consumer Staples	8.8	%
Energy	4.9	%
Financials	14.4	%
Health Care	8.6	%
Industrials	17.7	%
Information Technology	7.1	%
Materials	12.2	%
Real Estate	2.9	%
Utilities	3.6	%
	100.0	%

DFA International Real Estate Securities Portfolio

Real Estate	100.0	%
	100.0	%

DFA Global Real Estate Securities Portfolio

Affiliated Investment Companies	46.2	%
Real Estate	53.8	%
	100.0	%

DFA International Small Cap Value Portfolio

Communication Services	2.3	%
Consumer Discretionary	13.8	%
Consumer Staples	5.2	%
Energy	4.9	%
Financials	19.5	%
Health Care	2.6	%
Industrials	23.4	%
Information Technology	4.0	%
Materials	19.0	%
Real Estate	3.7	%
Utilities	1.6	%
	100.0	%

International Vector Equity Portfolio

Communication Services	4.9	%
Consumer Discretionary	13.9	%
Consumer Staples	6.3	%
Energy	5.4	%
Financials	17.4	%
Health Care	5.8	%
Industrials	20.3	%
Information Technology	7.3	%
Materials	13.4	%
Real Estate	3.1	%
Utilities	2.2	%
	100.0	%

International High Relative Profitability Portfolio

Communication Services	9.2	%
Consumer Discretionary	15.5	%
Consumer Staples	13.1	%
Energy	2.5	%
Financials	5.2	%
Health Care	16.9	%
Industrials	18.9	%
Information Technology	7.8	%
Materials	8.3	%
Real Estate	0.6	%
Utilities	2.0	%
	100.0	%

World ex U.S. Core Equity Portfolio

Communication Services	6.7	%
Consumer Discretionary	13.0	%
Consumer Staples	8.1	%
Energy	5.3	%
Financials	15.1	%
Health Care	7.5	%
Industrials	15.3	%
Information Technology	10.2	%
Materials	11.5	%
Real Estate	4.0	%
Utilities	3.3	%
	100.0	%

Emerging Markets Core Equity Portfolio

Communication Services	10.2	%
Consumer Discretionary	10.8	%
Consumer Staples	7.1	%
Energy	6.0	%
Financials	16.9	%
Health Care	3.7	%
Industrials	7.7	%
Information Technology	19.8	%
Materials	9.7	%
Real Estate	4.8	%
Utilities	3.3	%
	100.0	%

Emerging Markets Targeted Value Portfolio

Communication Services	3.1	%
Consumer Discretionary	11.4	%
Consumer Staples	4.7	%
Energy	3.6	%
Financials	13.5	%
Health Care	5.2	%
Industrials	15.7	%
Information Technology	15.1	%
Materials	16.7	%
Real Estate	8.7	%
Utilities	2.3	%
	100.0	%

8

LARGE CAP INTERNATIONAL PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (94.3%)
AUSTRALIA — (5.2%)
	BHP Group, Ltd.		842,811	$	17,205,398		0.4	%
#	Commonwealth Bank of Australia		470,347		19,000,364		0.4	%
	CSL, Ltd.		137,898		27,486,829		0.6	%
	Other Securities				191,226,072		4.0	%
TOTAL AUSTRALIA					254,918,663		5.4	%
AUSTRIA — (0.2%)
	Other Securities				7,706,226		0.2	%
BELGIUM — (0.9%)
	Anheuser-Busch InBev SA		265,831		12,379,754		0.3	%
	Other Securities				33,284,877		0.7	%
TOTAL BELGIUM					45,664,631		1.0	%
CANADA — (8.8%)
	Canadian National Railway Co.		149,760		12,384,693		0.3	%
	Enbridge, Inc.		423,071		12,979,818		0.3	%
	Royal Bank of Canada 2754383		335,579		20,644,154		0.4	%
#	Royal Bank of Canada 780087102		216,240		13,318,222		0.3	%
	Other Securities				373,403,161		7.8	%
TOTAL CANADA					432,730,048		9.1	%
CHINA — (0.0%)
	Other Security				2,055,224		0.0	%
DENMARK — (1.9%)
	Novo Nordisk A.S., Class B		541,515		34,543,246		0.7	%
	Other Securities				58,014,852		1.2	%
TOTAL DENMARK					92,558,098		1.9	%
FINLAND — (1.2%)
	Other Securities				58,200,561		1.2	%
FRANCE — (8.9%)
#	Air Liquide SA		137,694		17,494,603		0.4	%
	Cie Generale des Etablissements Michelin SCA		128,280		12,394,544		0.3	%
	L’Oreal SA		57,248		16,644,347		0.4	%
	LVMH Moet Hennessy Louis Vuitton SE		92,526		35,769,861		0.8	%
#	Sanofi		252,438		24,656,561		0.5	%
#	Schneider Electric SE		150,457		13,904,083		0.3	%
	Total SA		800,591		28,414,874		0.6	%
	Vinci SA		167,454		13,718,155		0.3	%
	Other Securities				271,181,686		5.5	%
TOTAL FRANCE					434,178,714		9.1	%
GERMANY — (6.4%)
	Allianz SE		72,518		13,345,579		0.3	%
	Bayer AG		378,996		24,926,323		0.5	%

9

LARGE CAP INTERNATIONAL PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
GERMANY — (Continued)
	Daimler AG		378,508	$	12,946,104		0.3	%
	Deutsche Telekom AG		1,134,959		16,592,664		0.4	%
	SAP SE		186,530		22,217,058		0.5	%
	Siemens AG		187,893		17,339,348		0.4	%
	Other Securities				205,850,141		4.2	%
TOTAL GERMANY					313,217,217		6.6	%
HONG KONG — (2.8%)
	AIA Group, Ltd.		2,500,200		22,946,252		0.5	%
	Other Securities				114,851,041		2.4	%
TOTAL HONG KONG					137,797,293		2.9	%
IRELAND — (0.7%)
	CRH P.L.C., Sponsored ADR		444,697		13,394,274		0.3	%
	Other Securities				21,647,828		0.4	%
TOTAL IRELAND					35,042,102		0.7	%
ISRAEL — (0.5%)
	Other Securities				25,990,847		0.6	%
ITALY — (2.1%)
	Enel SpA		2,271,536		15,515,599		0.3	%
	Other Securities				85,778,912		1.8	%
TOTAL ITALY					101,294,511		2.1	%
JAPAN — (23.5%)
	KDDI Corp.		742,300		21,500,176		0.5	%
	Nintendo Co., Ltd.		30,500		12,594,181		0.3	%
	NTT DOCOMO, Inc.		481,328		14,185,325		0.3	%
	SoftBank Group Corp.		692,576		29,685,608		0.6	%
	Sony Corp.		401,800		25,857,467		0.6	%
	Toyota Motor Corp.		725,723		44,869,176		1.0	%
	Toyota Motor Corp., Sponsored ADR		88,432		10,929,311		0.2	%
	Other Securities				990,254,984		20.7	%
TOTAL JAPAN					1,149,876,228		24.2	%
NETHERLANDS — (3.6%)
	ASML Holding NV		72,895		21,025,105		0.5	%
	Koninklijke Ahold Delhaize NV		677,848		16,458,376		0.4	%
	Unilever NV NL0000388619		268,265		13,359,403		0.3	%
	Other Securities				125,690,044		2.5	%
TOTAL NETHERLANDS					176,532,928		3.7	%
NEW ZEALAND — (0.4%)
	Other Securities				17,493,926		0.4	%
NORWAY — (0.6%)
	Other Securities				28,556,442		0.6	%
PORTUGAL — (0.2%)
	Other Securities				9,367,877		0.2	%

10

LARGE CAP INTERNATIONAL PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
SINGAPORE — (0.8%)
	Other Securities			$	39,138,548		0.8	%
SPAIN — (2.0%)
	Iberdrola S.A		2,031,389		20,207,802		0.4	%
	Other Securities				77,069,177		1.6	%
TOTAL SPAIN					97,276,979		2.0	%
SWEDEN — (2.6%)
	Other Securities				126,812,116		2.7	%
SWITZERLAND — (8.3%)
	Nestle SA		915,482		96,958,716		2.0	%
	Novartis AG		448,358		38,262,178		0.8	%
	Novartis AG, Sponsored ADR		140,403		11,896,346		0.3	%
	Roche Holding AG CH0012032048		227,381		78,741,437		1.7	%
	Other Securities				182,356,249		3.8	%
TOTAL SWITZERLAND					408,214,926		8.6	%
UNITED KINGDOM — (12.7%)
	AstraZeneca P.L.C		141,555		14,805,520		0.3	%
	AstraZeneca P.L.C., Sponsored ADR		570,883		29,845,763		0.6	%
#	BP P.L.C., Sponsored ADR		1,119,343		26,640,375		0.6	%
	British American Tobacco P.L.C		342,327		13,194,725		0.3	%
#	Diageo P.L.C., Sponsored ADR		103,202		14,308,957		0.3	%
	GlaxoSmithKline P.L.C., Sponsored ADR		633,823		26,664,934		0.6	%
	HSBC Holdings P.L.C., Sponsored ADR		671,660		17,281,812		0.4	%
	Reckitt Benckiser Group P.L.C		156,166		13,008,588		0.3	%
	Rio Tinto P.L.C., Sponsored ADR		267,962		12,377,165		0.3	%
	Royal Dutch Shell P.L.C., Sponsored ADR, Class B		493,656		15,782,182		0.3	%
#	Unilever P.L.C., Sponsored ADR		274,641		14,245,629		0.3	%
	Other Securities				424,727,105		8.8	%
TOTAL UNITED KINGDOM					622,882,755		13.1	%
UNITED STATES — (0.0%)
	Other Securities				794,964		0.0	%
TOTAL COMMON STOCKS					4,618,301,824		97.1	%
PREFERRED STOCKS — (0.5%)
GERMANY — (0.5%)
	Other Securities				24,309,828		0.5	%
TOTAL INVESTMENT SECURITIES (Cost $4,585,827,284)					4,642,611,652
				Value†
SECURITIES LENDING COLLATERAL — (5.2%)
@§	The DFA Short Term Investment Fund		22,051,108		255,153,375		5.4	%
TOTAL INVESTMENTS—(100.0%) (Cost $4,840,931,472)				$	4,897,765,027		103.0	%

11

LARGE CAP INTERNATIONAL PORTFOLIO

CONTINUED

As of April 30, 2020, 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		580		06/19/20	$	79,309,678	$	84,169,600	$	4,859,922
Total Futures Contracts					$	79,309,678	$	84,169,600	$	4,859,922

Summary of the Portfolio’s investments as of April 30, 2020, 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	$	6,692,759	$	248,225,904		—	$	254,918,663
Austria		—		7,706,226		—		7,706,226
Belgium		2,086,910		43,577,721		—		45,664,631
Canada		429,046,373		3,683,675		—		432,730,048
China		—		2,055,224		—		2,055,224
Denmark		3,830,642		88,727,456		—		92,558,098
Finland		49,862		58,150,699		—		58,200,561
France		5,871,501		428,307,213		—		434,178,714
Germany		12,306,704		300,910,513		—		313,217,217
Hong Kong		540,032		137,257,261		—		137,797,293
Ireland		13,394,274		21,647,828		—		35,042,102
Israel		6,414,786		19,576,061		—		25,990,847
Italy		5,820,295		95,474,216		—		101,294,511
Japan		24,978,030		1,124,898,198		—		1,149,876,228
Netherlands		41,647,942		134,884,986		—		176,532,928
New Zealand		—		17,493,926		—		17,493,926
Norway		48,964		28,507,478		—		28,556,442
Portugal		—		9,367,877		—		9,367,877
Singapore		—		39,138,548		—		39,138,548
Spain		2,859,840		94,417,139		—		97,276,979
Sweden		366,398		126,445,718		—		126,812,116
Switzerland		25,002,525		383,212,401		—		408,214,926
United Kingdom		212,237,669		410,645,086		—		622,882,755
United States		599,746		195,218		—		794,964
Preferred Stocks
Germany		—		24,309,828		—		24,309,828
Securities Lending Collateral		—		255,153,375		—		255,153,375
Futures Contracts**		4,859,922		—		—		4,859,922
TOTAL	$	798,655,174	$	4,103,969,775		—	$	4,902,624,949

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

See accompanying Notes to Financial Statements.

12

INTERNATIONAL CORE EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (93.9%)
AUSTRALIA — (5.8%)
	BHP Group, Ltd.		4,074,214	$	83,172,233		0.4	%
	Commonwealth Bank of Australia		1,083,027		43,750,481		0.2	%
	CSL, Ltd.		345,823		68,931,948		0.3	%
	Fortescue Metals Group, Ltd.		6,501,810		49,688,440		0.2	%
	Other Securities				1,172,668,752		4.9	%
TOTAL AUSTRALIA					1,418,211,854		6.0	%
AUSTRIA — (0.5%)
	Other Securities				119,355,050		0.5	%
BELGIUM — (1.2%)
	Other Securities				293,338,192		1.2	%
CANADA — (8.4%)
	Bank of Montreal 063671101		847,416		43,133,474		0.2	%
#	Canadian Natural Resources, Ltd.		2,565,626		42,999,892		0.2	%
*	Kinross Gold Corp.		8,338,438		55,052,441		0.3	%
	Kirkland Lake Gold, Ltd.		1,396,348		57,721,812		0.3	%
#	Royal Bank of Canada 2754383		782,481		48,136,677		0.2	%
	Royal Bank of Canada 780087102		1,049,719		64,652,193		0.3	%
	Suncor Energy, Inc.		2,403,185		42,896,852		0.2	%
	Other Securities				1,690,631,250		7.0	%
TOTAL CANADA					2,045,224,591		8.7	%
CHINA — (0.1%)
	Other Securities				11,688,512		0.1	%
DENMARK — (1.9%)
	Novo Nordisk A.S., Class B		891,477		56,867,324		0.3	%
	Other Securities				404,320,482		1.7	%
TOTAL DENMARK					461,187,806		2.0	%
FINLAND — (1.6%)
#	UPM-Kymmene Oyj		1,984,919		54,436,730		0.2	%
	Other Securities				335,416,064		1.5	%
TOTAL FINLAND					389,852,794		1.7	%
FRANCE — (7.3%)
	Air Liquide SA		365,702		46,463,981		0.2	%
	Cie Generale des Etablissements Michelin SCA		610,972		59,032,743		0.3	%
	Danone SA		622,094		43,358,103		0.2	%
	LVMH Moet Hennessy Louis Vuitton SE		248,440		96,045,050		0.4	%
	Orange SA		4,330,858		52,615,738		0.2	%
	Peugeot SA		3,367,636		47,738,386		0.2	%
	Total SA		2,613,611		92,763,256		0.4	%
	Vinci SA		522,320		42,789,463		0.2	%
	Other Securities				1,311,391,380		5.5	%
TOTAL FRANCE					1,792,198,100		7.6	%

13

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED

		Shares			Value»		Percentage of Net Assets‡
GERMANY — (6.3%)
	Allianz SE		283,403		$	52,155,010		0.2	%
	Bayer AG		1,506,185			99,060,817		0.4	%
	Bayerische Motoren Werke AG		951,135			55,950,684		0.3	%
	Daimler AG		2,506,751			85,738,368		0.4	%
	Deutsche Telekom AG		5,414,362			79,155,889		0.3	%
	Other Securities					1,168,902,469		4.9	%
TOTAL GERMANY						1,540,963,237		6.5	%
HONG KONG — (2.7%)
	AIA Group, Ltd.		5,388,600			49,455,313		0.2	%
	Other Securities					611,964,149		2.6	%
TOTAL HONG KONG				��		661,419,462		2.8	%
IRELAND — (0.7%)
	Other Securities					159,684,189		0.7	%
ISRAEL — (0.8%)
	Other Securities					184,871,666		0.8	%
ITALY — (2.4%)
	Other Securities					589,546,679		2.5	%
JAPAN — (24.0%)
	Honda Motor Co., Ltd.		2,326,423			56,495,222		0.3	%
	KDDI Corp.		2,158,400			62,516,477		0.3	%
	SoftBank Group Corp.		2,981,263			127,784,667		0.6	%
	Sony Corp.		1,141,000			73,427,999		0.3	%
	Toyota Motor Corp.		2,841,695			175,693,085		0.8	%
	Toyota Motor Corp., Sponsored ADR		408,823			50,526,435		0.2	%
	Other Securities					5,317,562,741		22.3	%
TOTAL JAPAN						5,864,006,626		24.8	%
NETHERLANDS — (3.2%)
	ASML Holding NV		180,590			52,087,574		0.2	%
	Koninklijke Ahold Delhaize NV		3,769,401			91,522,318		0.4	%
	Other Securities					646,849,509		2.7	%
TOTAL NETHERLANDS						790,459,401		3.3	%
NEW ZEALAND — (0.5%)
	Other Securities					114,014,346		0.5	%
NORWAY — (0.7%)
	Other Securities					179,366,833		0.8	%
PORTUGAL — (0.2%)
	Other Securities					58,621,988		0.2	%
SINGAPORE — (0.9%)
	Other Securities					218,879,434		0.9	%
SPAIN — (2.0%)
	Iberdrola S.A		7,929,855			78,884,419		0.3	%

14

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
SPAIN — (Continued)
	Other Securities			$	417,338,844		1.8	%
TOTAL SPAIN					496,223,263		2.1	%
SWEDEN — (2.5%)
	Other Securities				618,408,280		2.6	%
SWITZERLAND — (7.3%)
	Nestle SA		2,748,677		291,112,434		1.2	%
#	Novartis AG, Sponsored ADR		953,193		80,764,043		0.4	%
	Roche Holding AG CH0012032048		634,350		219,673,721		0.9	%
	Swisscom AG		97,290		50,551,093		0.2	%
	Other Securities				1,139,044,923		4.8	%
TOTAL SWITZERLAND					1,781,146,214		7.5	%
UNITED KINGDOM — (12.8%)
	Anglo American P.L.C		2,586,822		46,006,755		0.2	%
	AstraZeneca P.L.C., Sponsored ADR		1,444,584		75,522,851		0.3	%
#	BP P.L.C., Sponsored ADR		5,300,096		126,142,285		0.5	%
	British American Tobacco P.L.C		1,148,738		44,277,203		0.2	%
	GlaxoSmithKline P.L.C., Sponsored ADR		1,030,233		43,341,902		0.2	%
#	HSBC Holdings P.L.C., Sponsored ADR		3,163,564		81,398,502		0.4	%
#	Rio Tinto P.L.C., Sponsored ADR		1,793,636		82,848,047		0.4	%
#	Royal Dutch Shell P.L.C., Sponsored ADR, Class A		1,490,318		49,374,235		0.2	%
	Royal Dutch Shell P.L.C., Sponsored ADR, Class B		1,716,768		54,885,073		0.2	%
	Other Securities				2,532,184,554		10.7	%
TOTAL UNITED KINGDOM					3,135,981,407		13.3	%
UNITED STATES — (0.1%)
	Other Securities				21,014,889		0.1	%
TOTAL COMMON STOCKS					22,945,664,813		97.2	%
PREFERRED STOCKS — (0.6%)
GERMANY — (0.6%)
	Volkswagen AG		577,919		80,406,535		0.4	%
	Other Securities				69,375,721		0.2	%
TOTAL GERMANY					149,782,256		0.6	%
RIGHTS/WARRANTS — (0.0%)
CANADA — (0.0%)
	Other Securities				1,590,667		0.0	%
SWEDEN — (0.0%)
	Other Security				494		0.0	%
FRANCE — (0.0%)
	Other Security				3,997		0.0	%
NORWAY — (0.0%)
	Other Security				50,115		0.0	%

15

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
ISRAEL — (0.0%)
	Other Security			$	7,814		0.0	%
TOTAL RIGHTS/WARRANTS					1,653,087		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $25,542,308,176)					23,097,100,156
				Value†
SECURITIES LENDING COLLATERAL — (5.5%)
@§	The DFA Short Term Investment Fund		115,685,309		1,338,594,714		5.7	%
TOTAL INVESTMENTS—(100.0%) (Cost $26,880,646,177)				$	24,435,694,870		103.5	%

As of April 30, 2020, 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		2,599		06/19/20	$	343,237,821	$	377,166,880	$	33,929,059
Total Futures Contracts					$	343,237,821	$	377,166,880	$	33,929,059

Summary of the Portfolio’s investments as of April 30, 2020, 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	$	45,840,009	$	1,372,371,845		—	$	1,418,211,854
Austria		59,577		119,295,473		—		119,355,050
Belgium		8,021,830		285,316,362		—		293,338,192
Canada		2,033,731,101		11,493,490		—		2,045,224,591
China		—		11,688,512		—		11,688,512
Denmark		37,699,272		423,488,534		—		461,187,806
Finland		—		389,852,794		—		389,852,794
France		52,664,052		1,739,534,048		—		1,792,198,100
Germany		52,029,433		1,488,933,804		—		1,540,963,237
Hong Kong		1,052,076		660,367,386		—		661,419,462
Ireland		28,944,989		130,739,200		—		159,684,189
Israel		19,741,260		165,130,406		—		184,871,666
Italy		14,548,740		574,997,939		—		589,546,679
Japan		112,664,658		5,751,341,968		—		5,864,006,626
Netherlands		110,099,050		680,360,351		—		790,459,401
New Zealand		225,890		113,788,456		—		114,014,346
Norway		8,015,398		171,351,435		—		179,366,833
Portugal		306,877		58,315,111		—		58,621,988
Singapore		7,305		218,872,129		—		218,879,434
Spain		8,475,574		487,747,689		—		496,223,263
Sweden		2,060,644		616,347,636		—		618,408,280
Switzerland		111,872,004		1,669,274,210		—		1,781,146,214

16

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
United Kingdom	$	698,279,030	$	2,437,702,377		—	$	3,135,981,407
United States		15,443,638		5,571,251		—		21,014,889
Preferred Stocks
Germany		—		149,782,256		—		149,782,256
Rights/Warrants
Canada		—		1,590,667		—		1,590,667
France		—		3,997		—		3,997
Israel		—		7,814		—		7,814
Norway		—		50,115		—		50,115
Sweden		—		494		—		494
Securities Lending Collateral		—		1,338,594,714		—		1,338,594,714
Futures Contracts**		33,929,059		—		—		33,929,059
TOTAL	$	3,395,711,466	$	21,073,912,463		—	$	24,469,623,929

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

See accompanying Notes to Financial Statements.

17

GLOBAL SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

	Shares		Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in U.S. Small Cap Portfolio of DFA Investment Dimensions Group Inc.		817,278	$	21,870,347
Investment in The Continental Small Company Series of The DFA Investment Trust Company				4,886,994
Investment in The Emerging Markets Small Cap Series of The DFA Investment Trust Company				4,584,242
Investment in The Japanese Small Company Series of The DFA Investment Trust Company				3,142,854
Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company				1,870,149
Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company				1,215,091
Investment in The Canadian Small Company Series of The DFA Investment Trust Company				993,174
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $45,186,779)			$	38,562,851

Summary of the Portfolio’s investments as of April 30, 2020, 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	$	38,562,851		—		—	$	38,562,851
TOTAL	$	38,562,851		—		—	$	38,562,851

See accompanying Notes to Financial Statements.

18

INTERNATIONAL SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The Continental Small Company Series of The DFA Investment Trust Company	$	4,014,768,876
Investment in The Japanese Small Company Series of The DFA Investment Trust Company		2,497,431,217
Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company		1,499,194,090
Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company		990,601,444
Investment in The Canadian Small Company Series of The DFA Investment Trust Company		804,414,207
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	9,806,409,834

As of April 30, 2020, 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		600		06/19/20	$	82,261,980	$	87,072,000	$	4,810,020
Total Futures Contracts					$	82,261,980	$	87,072,000	$	4,810,020

Summary of the Portfolio’s Master Fund’s investments as of April 30, 2020, 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	$	9,806,409,834		—		—	$	9,806,409,834
Futures Contracts**		4,810,020		—		—		4,810,020
TOTAL	$	9,811,219,854		—		—	$	9,811,219,854

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

See accompanying Notes to Financial Statements.

19

JAPANESE SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The Japanese Small Company Series of The DFA Investment Trust Company	$	503,308,843
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	503,308,843

Summary of the Portfolio’s Master Fund’s investments as of April 30, 2020, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

20

ASIA PACIFIC SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company	$	296,611,085
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	296,611,085

Summary of the Portfolio’s Master Fund’s investments as of April 30, 2020, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

21

UNITED KINGDOM SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company	$	17,936,805
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	17,936,805

Summary of the Portfolio’s Master Fund’s investments as of April 30, 2020, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

22

CONTINENTAL SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The Continental Small Company Series of The DFA Investment Trust Company	$	480,071,994
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	480,071,994

Summary of the Portfolio’s Master Fund’s investments as of April 30, 2020, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

23

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (95.9%)
AUSTRALIA — (16.6%)
	Charter Hall Group		5,827,371	$	28,796,231		0.6	%
	Dexus		13,878,720		82,388,605		1.8	%
	Goodman Group		20,965,850		178,571,056		3.9	%
	GPT Group (The)		24,478,471		67,273,468		1.5	%
	Mirvac Group		50,255,240		73,025,567		1.6	%
	Scentre Group		66,148,884		99,371,956		2.1	%
	Stockland		29,327,949		54,459,229		1.2	%
	Vicinity Centres		39,438,771		37,756,071		0.8	%
	Other Securities				155,407,403		3.3	%
TOTAL AUSTRALIA					777,049,586		16.8	%
BELGIUM — (3.5%)
	Aedifica SA		309,783		30,023,589		0.7	%
	Cofinimmo SA		316,263		43,967,474		1.0	%
	Warehouses De Pauw CVA		1,663,501		45,635,742		1.0	%
	Other Securities				44,567,057		0.9	%
TOTAL BELGIUM					164,193,862		3.6	%
CANADA — (5.1%)
#	Canadian Apartment Properties REIT		993,995		34,205,511		0.8	%
	Other Securities				203,808,632		4.4	%
TOTAL CANADA					238,014,143		5.2	%
CHINA — (0.2%)
	Other Securities				10,532,587		0.2	%
FRANCE — (4.3%)
#	Covivio		581,312		36,507,206		0.8	%
	Gecina SA		546,968		71,768,186		1.6	%
#	ICADE		384,832		29,560,826		0.6	%
	Klepierre SA		2,403,269		48,788,507		1.1	%
	Other Securities				15,680,481		0.3	%
TOTAL FRANCE					202,305,206		4.4	%
GERMANY — (0.9%)
	Alstria office REIT-AG		1,931,543		28,953,223		0.6	%
	Other Security				11,206,152		0.3	%
TOTAL GERMANY					40,159,375		0.9	%
HONG KONG — (5.7%)
	Link REIT		24,559,205		218,926,658		4.7	%
	Other Securities				45,458,897		1.0	%
TOTAL HONG KONG					264,385,555		5.7	%
IRELAND — (0.3%)
	Other Securities				15,285,421		0.3	%

24

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
ITALY — (0.1%)
	Other Securities			$	4,675,468		0.1	%
JAPAN — (26.7%)
	Advance Residence Investment Corp.		16,207		49,727,258		1.1	%
#	Daiwa House REIT Investment Corp.		24,500		59,280,198		1.3	%
	GLP J-Reit		42,656		54,993,981		1.2	%
	Industrial & Infrastructure Fund Investment Corp.		21,339		29,725,685		0.6	%
	Japan Real Estate Investment Corp.		16,503		89,136,925		1.9	%
	Japan Retail Fund Investment Corp.		32,749		35,703,779		0.8	%
	Nippon Accommodations Fund, Inc.		5,522		32,796,309		0.7	%
	Nippon Building Fund, Inc.		16,846		100,456,641		2.2	%
	Nippon Prologis REIT, Inc.		25,660		71,034,426		1.5	%
	Nomura Real Estate Master Fund, Inc.		51,236		58,266,319		1.3	%
	Orix JREIT, Inc.		32,207		38,503,159		0.8	%
#	Sekisui House Reit, Inc.		50,068		30,584,440		0.7	%
	United Urban Investment Corp.		36,728		36,847,413		0.8	%
	Other Securities				561,138,863		12.1	%
TOTAL JAPAN					1,248,195,396		27.0	%
MALAYSIA — (0.6%)
	Other Securities				27,510,399		0.6	%
MEXICO — (1.4%)
	Fibra Uno Administracion S.A. de C.V		39,882,913		33,113,028		0.7	%
	Other Securities				34,546,276		0.8	%
TOTAL MEXICO					67,659,304		1.5	%
NETHERLANDS — (2.7%)
	Unibail-Rodamco-Westfield (BFYM460)		1,244,295		73,676,475		1.6	%
	Other Securities				53,350,068		1.1	%
TOTAL NETHERLANDS					127,026,543		2.7	%
NEW ZEALAND — (1.2%)
	Other Securities				56,221,417		1.2	%
SINGAPORE — (10.2%)
	Ascendas Real Estate Investment Trust		32,570,892		68,114,867		1.5	%
	CapitaLand Commercial Trust		31,995,849		36,358,348		0.8	%
#	CapitaLand Mall Trust		28,789,000		38,303,794		0.8	%
#	Mapletree Commercial Trust		24,011,206		33,062,979		0.7	%
#	Mapletree Industrial Trust		18,353,458		32,950,987		0.7	%
	Mapletree Logistics Trust		29,929,556		37,912,575		0.8	%
	Other Securities				229,745,568		5.0	%
TOTAL SINGAPORE					476,449,118		10.3	%
SOUTH AFRICA — (1.3%)
	Growthpoint Properties, Ltd.		39,105,076		29,363,160		0.6	%
	Other Securities				31,980,334		0.7	%
TOTAL SOUTH AFRICA					61,343,494		1.3	%
SPAIN — (1.5%)
	Merlin Properties Socimi SA		4,273,959		39,662,815		0.9	%

25

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
SPAIN — (Continued)
	Other Securities			$	32,104,831		0.7	%
TOTAL SPAIN					71,767,646		1.6	%
TAIWAN — (0.3%)
	Other Securities				14,210,726		0.3	%
TURKEY — (0.3%)
	Other Securities				12,518,419		0.3	%
UNITED KINGDOM — (13.0%)
	Big Yellow Group P.L.C		2,185,771		29,421,528		0.6	%
#	British Land Co. P.L.C. (The)		11,051,490		56,376,357		1.2	%
	Derwent London P.L.C		1,340,418		52,375,831		1.1	%
	Great Portland Estates P.L.C		3,427,508		29,193,096		0.6	%
#	Land Securities Group P.L.C		8,708,833		72,623,434		1.6	%
	LondonMetric Property P.L.C		12,074,987		29,501,795		0.6	%
	Safestore Holdings P.L.C		3,268,889		29,570,413		0.6	%
	Segro P.L.C		13,456,088		141,040,321		3.1	%
	UNITE Group P.L.C. (The)		2,993,487		33,054,726		0.7	%
	Other Securities				134,507,403		3.0	%
TOTAL UNITED KINGDOM					607,664,904		13.1	%
TOTAL COMMON STOCKS					4,487,168,569		97.1	%
RIGHTS/WARRANTS — (0.0%)
TURKEY — (0.0%)
	Other Security				77,977		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $5,276,486,041)					4,487,246,546
				Value†
SECURITIES LENDING COLLATERAL — (4.1%)
@§	The DFA Short Term Investment Fund		16,623,202		192,347,069		4.1	%
TOTAL INVESTMENTS—(100.0%) (Cost $5,468,787,843)				$	4,679,593,615		101.2	%

As of April 30, 2020, 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		568		06/19/20	$	63,706,828	$	82,428,160	$	18,721,332
Total Futures Contracts					$	63,706,828	$	82,428,160	$	18,721,332

26

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

CONTINUED

Summary of the Portfolio’s investments as of April 30, 2020, 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	$	352,509		$	776,697,077		—	$	777,049,586
Belgium		—			164,193,862		—		164,193,862
Canada		238,014,143			—		—		238,014,143
China		—			10,532,587		—		10,532,587
France		—			202,305,206		—		202,305,206
Germany		—			40,159,375		—		40,159,375
Hong Kong		—			264,385,555		—		264,385,555
Ireland		—			15,285,421		—		15,285,421
Italy		—			4,675,468		—		4,675,468
Japan		—			1,248,195,396		—		1,248,195,396
Malaysia		—			27,510,399		—		27,510,399
Mexico		67,659,304			—		—		67,659,304
Netherlands		—			127,026,543		—		127,026,543
New Zealand		—			56,221,417		—		56,221,417
Singapore		—			476,449,118		—		476,449,118
South Africa		—			61,343,494		—		61,343,494
Spain		—			71,767,646		—		71,767,646
Taiwan		—			14,210,726		—		14,210,726
Turkey		—			12,518,419		—		12,518,419
United Kingdom		—	��		607,664,904		—		607,664,904
Rights/Warrants
Turkey		—			77,977		—		77,977
Securities Lending Collateral		—			192,347,069		—		192,347,069
Futures Contracts**		18,721,332			—		—		18,721,332
TOTAL	$	324,747,288		$	4,373,567,659		—	$	4,698,314,947

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

See accompanying Notes to Financial Statements.

27

DFA GLOBAL REAL ESTATE SECURITIES PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (53.1%)
CANADA — (0.0%)
	Other Security			$	1,736,766		0.0	%
UNITED STATES — (53.1%)
#	Alexandria Real Estate Equities, Inc.		448,798		70,501,678		1.0	%
	American Campus Communities, Inc.		548,715		19,364,152		0.3	%
	American Homes 4 Rent, Class A		1,076,369		25,983,557		0.4	%
	American Tower Corp.		1,735,168		412,969,984		5.8	%
	Apartment Investment & Management Co., Class A		596,218		22,459,537		0.3	%
	AvalonBay Communities, Inc.		546,337		89,025,614		1.2	%
	Boston Properties, Inc.		604,858		58,780,100		0.8	%
	Camden Property Trust		388,529		34,217,749		0.5	%
	Crown Castle International Corp.		1,611,774		256,965,129		3.6	%
	CubeSmart		772,944		19,478,189		0.3	%
#	CyrusOne, Inc.		447,597		31,398,930		0.4	%
	Digital Realty Trust, Inc.		816,484		122,056,163		1.7	%
	Douglas Emmett, Inc.		667,783		20,360,704		0.3	%
	Duke Realty Corp.		1,474,838		51,176,879		0.7	%
	Equinix, Inc.		333,600		225,246,720		3.2	%
	Equity LifeStyle Properties, Inc.		692,628		41,772,395		0.6	%
#	Equity Residential		1,452,680		94,511,361		1.3	%
	Essex Property Trust, Inc.		258,504		63,100,826		0.9	%
	Extra Space Storage, Inc.		519,649		45,853,828		0.6	%
	Federal Realty Investment Trust		303,030		25,233,308		0.4	%
	First Industrial Realty Trust, Inc.		502,451		18,977,574		0.3	%
	Gaming and Leisure Properties, Inc.		818,360		23,110,486		0.3	%
	Healthcare Trust of America, Inc., Class A		818,932		20,170,295		0.3	%
	Healthpeak Properties, Inc.		1,994,855		52,145,510		0.7	%
#	Host Hotels & Resorts, Inc.		2,948,309		36,293,684		0.5	%
	Invitation Homes, Inc.		1,983,043		46,898,964		0.7	%
#	Iron Mountain, Inc.		1,152,133		27,858,576		0.4	%
	Kilroy Realty Corp.		423,624		26,374,830		0.4	%
	Kimco Realty Corp.		1,691,068		18,449,552		0.3	%
	Lamar Advertising Co., Class A		345,346		19,909,197		0.3	%
	Medical Properties Trust, Inc.		1,907,624		32,696,675		0.5	%
	Mid-America Apartment Communities, Inc.		455,808		51,013,978		0.7	%
	National Retail Properties, Inc.		688,679		22,478,483		0.3	%
	Omega Healthcare Investors, Inc.		895,273		26,097,213		0.4	%
	Prologis, Inc.		2,885,094		257,436,900		3.6	%
	Public Storage		614,993		114,050,452		1.6	%
	Realty Income Corp.		1,274,944		70,019,924		1.0	%
	Regency Centers Corp.		672,335		29,522,212		0.4	%
	SBA Communications Corp.		443,093		128,461,523		1.8	%
#	Simon Property Group, Inc.		1,214,648		81,102,047		1.1	%
#	SL Green Realty Corp.		357,734		18,977,789		0.3	%
	Sun Communities, Inc.		362,517		48,722,285		0.7	%
	UDR, Inc.		1,175,846		44,058,950		0.6	%
	Ventas, Inc.		1,458,084		47,169,017		0.7	%
	VEREIT, Inc.		4,283,981		23,476,216		0.3	%
	Vornado Realty Trust		689,192		30,200,393		0.4	%
#	Welltower, Inc.		1,587,423		81,323,680		1.1	%
	WP Carey, Inc.		691,242		45,469,899		0.6	%

28

DFA GLOBAL REAL ESTATE SECURITIES PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
UNITED STATES — (Continued)
	Other Securities			$	664,796,453		9.1	%
TOTAL UNITED STATES					3,837,719,560		53.7	%
VIRGIN ISLANDS, U.S. — (0.0%)
	Other Security				1,117,107		0.0	%
TOTAL COMMON STOCKS					3,840,573,433		53.7	%
				Value†
AFFILIATED INVESTMENT COMPANIES — (45.7%)
	DFA International Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc.		694,305,620		2,478,671,061		34.7	%
	DFA Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc.		24,067,787		820,470,862		11.5	%
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES					3,299,141,923		46.2	%
TOTAL INVESTMENT SECURITIES (Cost $7,640,097,121)					7,139,715,356
SECURITIES LENDING COLLATERAL — (1.2%)
@§	The DFA Short Term Investment Fund		7,229,586		83,653,540		1.2	%
TOTAL INVESTMENTS—(100.0%) (Cost $7,723,732,895)				$	7,223,368,896		101.1	%

Summary of the Portfolio’s investments as of April 30, 2020, 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
Canada	$	1,736,766		—		—	$	1,736,766
United States		3,837,578,807	$	140,753		—		3,837,719,560
Virgin Islands, U.S		1,117,107		—		—		1,117,107
Affiliated Investment Companies		3,299,141,923		—		—		3,299,141,923
Securities Lending Collateral		—		83,653,540		—		83,653,540
TOTAL	$	7,139,574,603	$	83,794,293		—	$	7,223,368,896

See accompanying Notes to Financial Statements.

29

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (95.3%)
AUSTRALIA — (6.6%)
	Cleanaway Waste Management, Ltd.		44,191,128	$	53,317,636		0.6	%
	IGO, Ltd.		9,546,016		28,959,494		0.3	%
	OZ Minerals, Ltd.		7,869,504		45,361,603		0.5	%
	Other Securities				532,435,712		5.3	%
TOTAL AUSTRALIA					660,074,445		6.7	%
AUSTRIA — (0.9%)
	Other Securities				90,468,164		0.9	%
BELGIUM — (1.7%)
	Ackermans & van Haaren NV		373,261		49,471,129		0.5	%
	Euronav NV		3,368,136		37,619,323		0.4	%
	Other Securities				88,809,314		0.9	%
TOTAL BELGIUM					175,899,766		1.8	%
CANADA — (9.4%)
*	Alacer Gold Corp.		7,196,912		36,916,521		0.4	%
	Alamos Gold, Inc., Class A		8,223,073		66,224,109		0.7	%
	Centerra Gold, Inc.		6,281,446		50,226,297		0.5	%
*	IAMGOLD Corp.		10,385,977		36,337,302		0.4	%
	Kirkland Lake Gold, Ltd.		1,774,198		73,341,233		0.8	%
	TransAlta Corp. 2901628		6,330,384		37,246,916		0.4	%
	Yamana Gold, Inc.		19,985,604		94,188,414		1.0	%
	Other Securities				552,113,079		5.4	%
TOTAL CANADA					946,593,871		9.6	%
CHINA — (0.0%)
	Other Securities				1,979,623		0.0	%
DENMARK — (1.7%)
*	Jyske Bank A.S		1,248,288		33,694,924		0.4	%
	Other Securities				140,031,270		1.4	%
TOTAL DENMARK					173,726,194		1.8	%
FINLAND — (2.0%)
	Kemira Oyj		2,792,209		33,590,360		0.3	%
#	Metsa Board Oyj		4,879,409		33,986,868		0.4	%
	Other Securities				137,865,980		1.4	%
TOTAL FINLAND					205,443,208		2.1	%
FRANCE — (3.8%)
#	Casino Guichard Perrachon SA		875,911		32,878,974		0.3	%
	Elis SA		2,920,469		35,997,957		0.4	%
	Korian SA		957,145		32,148,025		0.3	%
	Rexel SA		6,861,753		64,087,227		0.7	%
	Other Securities				214,182,867		2.2	%
TOTAL FRANCE					379,295,050		3.9	%

30

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
GERMANY — (5.1%)
	Aurubis AG		1,173,538	$	60,836,816		0.6	%
	Lanxess AG		1,083,348		53,306,566		0.6	%
#*	OSRAM Licht AG		1,064,472		46,841,501		0.5	%
	Other Securities				352,699,838		3.5	%
TOTAL GERMANY					513,684,721		5.2	%
GREECE — (0.0%)
	Other Securities				1,883		0.0	%
HONG KONG — (3.0%)
	Other Securities				297,652,854		3.0	%
IRELAND — (0.1%)
	Other Securities				9,334,111		0.1	%
ISRAEL — (0.8%)
	Other Securities				81,690,410		0.8	%
ITALY — (4.1%)
	Buzzi Unicem SpA		2,094,916		41,100,170		0.4	%
#*	Saipem SpA		11,811,160		30,315,237		0.3	%
	Unione di Banche Italiane SpA		25,232,083		72,332,143		0.7	%
	Unipol Gruppo SpA		10,098,772		34,844,744		0.4	%
	Other Securities				238,502,305		2.4	%
TOTAL ITALY					417,094,599		4.2	%
JAPAN — (27.9%)
	Other Securities				2,807,590,272		28.6	%
NETHERLANDS — (2.8%)
	APERAM SA		1,236,551		32,040,068		0.3	%
	ASR Nederland NV		2,674,123		71,664,304		0.7	%
#	SBM Offshore NV		4,667,578		59,161,973		0.6	%
	Signify NV		1,904,294		38,764,455		0.4	%
	Other Securities				81,914,647		0.9	%
TOTAL NETHERLANDS					283,545,447		2.9	%
NEW ZEALAND — (0.5%)
	Other Securities				45,744,389		0.5	%
NORWAY — (0.7%)
	Other Securities				69,591,248		0.7	%
PORTUGAL — (0.3%)
	Other Securities				26,414,245		0.3	%
SINGAPORE — (0.9%)
	Other Securities				93,590,028		1.0	%
SPAIN — (2.1%)
	Acciona SA		447,710		44,374,656		0.5	%
	Acerinox SA		3,935,087		29,643,659		0.3	%
	Ebro Foods SA		1,792,345		38,142,772		0.4	%

31

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
SPAIN — (Continued)
	Other Securities			$	102,228,513		1.0	%
TOTAL SPAIN					214,389,600		2.2	%
SWEDEN — (2.5%)
	Other Securities				254,922,533		2.6	%
SWITZERLAND — (4.9%)
	Allreal Holding AG		281,115		52,214,825		0.5	%
	Helvetia Holding AG		649,974		59,248,709		0.6	%
	Siegfried Holding AG		64,976		29,616,955		0.3	%
	Other Securities				347,480,255		3.6	%
TOTAL SWITZERLAND					488,560,744		5.0	%
UNITED KINGDOM — (13.5%)
	Aggreko P.L.C.		5,339,462		30,790,842		0.3	%
	Babcock International Group P.L.C.		6,665,733		35,306,155		0.4	%
	Bellway P.L.C.		2,925,785		97,900,638		1.0	%
	Centamin P.L.C.		34,704,078		67,193,119		0.7	%
	Close Brothers Group P.L.C.		3,046,962		41,782,991		0.4	%
	Grafton Group P.L.C.		5,429,731		43,326,014		0.5	%
	Meggitt P.L.C.		8,718,762		30,530,085		0.3	%
	National Express Group P.L.C.		9,677,540		33,301,719		0.3	%
	Phoenix Group Holdings P.L.C.		4,246,625		32,224,749		0.3	%
	Redrow P.L.C.		7,039,369		40,900,919		0.4	%
	TP ICAP P.L.C.		8,450,089		36,075,273		0.4	%
	Travis Perkins P.L.C.		5,082,624		66,366,247		0.7	%
	Vesuvius P.L.C.		7,297,106		36,773,383		0.4	%
	Vistry Group P.L.C.		6,540,503		66,422,468		0.7	%
	Other Securities				694,851,384		7.0	%
TOTAL UNITED KINGDOM					1,353,745,986		13.8	%
UNITED STATES — (0.0%)
	Other Securities				3,968,803		0.0	%
TOTAL COMMON STOCKS					9,595,002,194		97.7	%
PREFERRED STOCKS — (0.2%)
GERMANY — (0.2%)
	Other Securities				20,666,192		0.2	%
RIGHTS/WARRANTS — (0.0%)
SINGAPORE — (0.0%)
	Other Securities.				4,345		0.0	%
CANADA — (0.0%)
	Other Security				796,798		0.0	%

32

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
NORWAY — (0.0%)
	Other Security			$	266,662		0.0	%
TOTAL RIGHTS/WARRANTS					1,067,805		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $11,681,955,179)					9,616,736,191
				Value†
SECURITIES LENDING COLLATERAL — (4.5%)
@§	The DFA Short Term Investment Fund		38,790,633		448,846,415		4.6	%
TOTAL INVESTMENTS—(100.0%) (Cost $12,130,724,546)				$	10,065,582,606		102.5	%

As of April 30, 2020, 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		839		06/19/20	$	112,740,633	$	121,755,680	$	9,015,047
Total Futures Contracts					$	112,740,633	$	121,755,680	$	9,015,047

Summary of the Portfolio’s investments as of April 30, 2020, 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	$	15,732,758	$	644,341,687		—	$	660,074,445
Austria		—		90,468,164		—		90,468,164
Belgium		—		175,899,766		—		175,899,766
Canada		945,255,795		1,338,076		—		946,593,871
China		—		1,979,623		—		1,979,623
Denmark		—		173,726,194		—		173,726,194
Finland		—		205,443,208		—		205,443,208
France		—		379,295,050		—		379,295,050
Germany		2,345,140		511,339,581		—		513,684,721
Greece		—		1,883		—		1,883
Hong Kong		—		297,652,854		—		297,652,854
Ireland		—		9,334,111		—		9,334,111
Israel		110,058		81,580,352		—		81,690,410
Italy		—		417,094,599		—		417,094,599
Japan		—		2,807,590,272		—		2,807,590,272
Netherlands		—		283,545,447		—		283,545,447
New Zealand		—		45,744,389		—		45,744,389
Norway		859,899		68,731,349		—		69,591,248
Portugal		—		26,414,245		—		26,414,245
Singapore		—		93,590,028		—		93,590,028
Spain		—		214,389,600		—		214,389,600
Sweden		1,303,414		253,619,119		—		254,922,533

33

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Switzerland		—	$	488,560,744		—	$	488,560,744
United Kingdom		—		1,353,745,986		—		1,353,745,986
United States	$	2,175,091		1,793,712		—		3,968,803
Preferred Stocks
Germany		—		20,666,192		—		20,666,192
Rights/Warrants
Canada		—		796,798		—		796,798
Norway		—		266,662		—		266,662
Singapore		—		4,345		—		4,345
Securities Lending Collateral		—		448,846,415		—		448,846,415
Futures Contracts**		9,015,047		—		—		9,015,047
TOTAL.	$	976,797,202	$	9,097,800,451		—	$	10,074,597,653

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

See accompanying Notes to Financial Statements.

34

INTERNATIONAL VECTOR EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (92.9%)
AUSTRALIA — (5.4%)
	Other Securities			$	149,950,863		5.7	%
AUSTRIA — (0.6%)
	Other Securities				16,604,447		0.6	%
BELGIUM — (1.3%)
	KBC Group NV		101,009		5,478,821		0.2	%
	Other Securities				29,199,146		1.1	%
TOTAL BELGIUM					34,677,967		1.3	%
CANADA — (8.4%)
#	Bank of Nova Scotia (The)		102,743		4,124,104		0.2	%
#	Canadian Natural Resources, Ltd.		614,679		10,302,020		0.4	%
*	Kinross Gold Corp.		612,803		4,045,878		0.2	%
	Magna International, Inc.		156,616		6,112,722		0.2	%
	Royal Bank of Canada 2754383		73,948		4,549,134		0.2	%
	Other Securities				203,307,189		7.7	%
TOTAL CANADA					232,441,047		8.9	%
CHINA — (0.1%)
	Other Securities				1,981,335		0.1	%
DENMARK — (1.9%)
	Pandora A.S		115,658		4,112,628		0.2	%
	Other Securities				49,365,901		1.8	%
TOTAL DENMARK					53,478,529		2.0	%
FINLAND — (1.6%)
	Stora Enso Oyj, Class R		414,282		4,873,843		0.2	%
	Other Securities				40,320,414		1.5	%
TOTAL FINLAND					45,194,257		1.7	%
FRANCE — (6.7%)
	Arkema SA		75,942		6,320,878		0.3	%
	Atos SE		75,281		5,383,656		0.2	%
	Cie de Saint-Gobain		157,949		4,202,692		0.2	%
	Cie Generale des Etablissements Michelin SCA		104,734		10,119,507		0.4	%
	Ingenico Group SA		33,185		4,175,262		0.2	%
	Orange SA		382,501		4,647,017		0.2	%
	Peugeot SA		392,822		5,568,502		0.2	%
#	Sanofi		49,489		4,833,775		0.2	%
	Total SA		344,730		12,235,286		0.5	%
	Other Securities				129,456,644		4.8	%
TOTAL FRANCE					186,943,219		7.2	%
GERMANY — (6.0%)
	Allianz SE		40,989		7,543,257		0.3	%
	Bayer AG		75,182		4,944,672		0.2	%

35

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
GERMANY — (Continued)
	Commerzbank AG		1,107,916	$	4,084,810		0.2	%
#	Daimler AG		153,503		5,250,261		0.2	%
	Other Securities				144,457,870		5.5	%
TOTAL GERMANY					166,280,870		6.4	%
HONG KONG — (2.4%)
	Other Securities				67,618,426		2.6	%
IRELAND — (0.8%)
	CRH P.L.C., Sponsored ADR		340,667		10,260,890		0.4	%
	Other Securities				12,025,774		0.5	%
TOTAL IRELAND					22,286,664		0.9	%
ISRAEL — (1.0%)
	Other Securities				26,314,066		1.0	%
ITALY — (2.7%)
	Other Securities				74,056,509		2.8	%
JAPAN — (24.9%)
	Honda Motor Co., Ltd.		181,235		4,401,139		0.2	%
	Inpex Corp.		617,500		3,986,019		0.2	%
	Mitsubishi Heavy Industries, Ltd.		191,000		4,897,933		0.2	%
	Mitsubishi UFJ Financial Group, Inc.		1,169,800		4,725,992		0.2	%
	SoftBank Group Corp.		134,600		5,769,306		0.2	%
	Toyota Motor Corp.		86,018		5,318,223		0.2	%
#	Toyota Motor Corp., Sponsored ADR		41,727		5,157,040		0.2	%
	Other Securities				656,590,625		25.0	%
TOTAL JAPAN					690,846,277		26.4	%
NETHERLANDS — (3.2%)
	ASM International NV		41,559		4,594,777		0.2	%
	ASR Nederland NV		149,446		4,005,030		0.2	%
#	Koninklijke Ahold Delhaize NV		437,995		10,634,665		0.4	%
	Koninklijke DSM NV		33,749		4,136,340		0.2	%
	Randstad NV		112,767		4,538,369		0.2	%
	Other Securities				59,375,217		2.1	%
TOTAL NETHERLANDS					87,284,398		3.3	%
NEW ZEALAND — (0.5%)
	Other Securities				13,262,094		0.5	%
NORWAY — (0.7%)
	Other Securities				20,128,144		0.8	%
PORTUGAL — (0.2%)
	Other Securities				6,592,609		0.3	%
SINGAPORE — (0.9%)
	Other Securities				25,131,062		1.0	%
SPAIN — (1.9%)
	Banco Bilbao Vizcaya Argentaria SA		1,469,339		4,802,943		0.2	%

36

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
SPAIN — (Continued)
	Other Securities			$	48,698,024		1.8	%
TOTAL SPAIN					53,500,967		2.0	%
SWEDEN — (2.7%)
	Other Securities				74,661,397		2.9	%
SWITZERLAND — (7.1%)
	Allreal Holding AG		22,133		4,111,025		0.2	%
	Baloise Holding AG		37,208		5,566,965		0.2	%
	Clariant AG		237,945		4,398,590		0.2	%
	Logitech International SA		88,147		4,245,446		0.2	%
	Nestle SA		126,847		13,434,368		0.5	%
	Novartis AG, Sponsored ADR		70,669		5,987,784		0.2	%
	Swiss Prime Site AG		48,702		4,636,747		0.2	%
	Zurich Insurance Group AG		15,735		4,988,850		0.2	%
	Other Securities				149,946,010		5.7	%
TOTAL SWITZERLAND					197,315,785		7.6	%
UNITED KINGDOM — (11.8%)
	Anglo American P.L.C.		277,842		4,941,434		0.2	%
	BP P.L.C.		2,182,339		8,599,317		0.3	%
#	BP P.L.C., Sponsored ADR		248,133		5,905,569		0.2	%
	British American Tobacco P.L.C.		158,257		6,099,892		0.2	%
	HSBC Holdings P.L.C., Sponsored ADR		311,326		8,010,418		0.3	%
#	Royal Dutch Shell P.L.C., Sponsored ADR, Class A		161,774		5,359,566		0.2	%
	Other Securities				288,323,811		11.1	%
TOTAL UNITED KINGDOM					327,240,007		12.5	%
UNITED STATES — (0.1%)
	Other Securities				3,498,417		0.1	%
TOTAL COMMON STOCKS					2,577,289,356		98.6	%
PREFERRED STOCKS — (0.5%)
GERMANY — (0.5%)
	Volkswagen AG		37,898		5,272,792		0.2	%
	Other Securities				8,080,973		0.3	%
TOTAL GERMANY					13,353,765		0.5	%
RIGHTS/WARRANTS — (0.0%)
CANADA — (0.0%)
	Other Securities				161,242		0.0	%
SWEDEN — (0.0%)
	Other Security				57		0.0	%
FRANCE — (0.0%)
	Other Security				747		0.0	%
NORWAY — (0.0%)
	Other Security				8,494		0.0	%

37

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
ISRAEL — (0.0%)
	Other Security			$	945		0.0	%
TOTAL RIGHTS/WARRANTS					171,485		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $2,815,307,552)					2,590,814,606
				Value†
SECURITIES LENDING COLLATERAL — (6.6%)
@§	The DFA Short Term Investment Fund		15,781,260		182,604,958		7.0	%
TOTAL INVESTMENTS—(100.0%) (Cost $2,997,878,251)				$	2,773,419,564		106.1	%

Summary of the Portfolio’s investments as of April 30, 2020, 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	$	921,453	$	149,029,410		—	$	149,950,863
Austria		—		16,604,447		—		16,604,447
Belgium		731,384		33,946,583		—		34,677,967
Canada		231,068,599		1,372,448		—		232,441,047
China		—		1,981,335		—		1,981,335
Denmark		—		53,478,529		—		53,478,529
Finland		—		45,194,257		—		45,194,257
France		212,628		186,730,591		—		186,943,219
Germany		6,389,572		159,891,298		—		166,280,870
Hong Kong		171,346		67,447,080		—		67,618,426
Ireland		10,260,890		12,025,774		—		22,286,664
Israel		3,191,845		23,122,221		—		26,314,066
Italy		3,126,873		70,929,636		—		74,056,509
Japan		11,226,754		679,619,523		—		690,846,277
Netherlands		6,674,699		80,609,699		—		87,284,398
New Zealand		9,951		13,252,143		—		13,262,094
Norway		53,860		20,074,284		—		20,128,144
Portugal		—		6,592,609		—		6,592,609
Singapore		—		25,131,062		—		25,131,062
Spain		1,914,109		51,586,858		—		53,500,967
Sweden		193,088		74,468,309		—		74,661,397
Switzerland		11,107,843		186,207,942		—		197,315,785
United Kingdom		40,682,331		286,557,676		—		327,240,007
United States		2,527,429		970,988		—		3,498,417
Preferred Stocks
Germany		—		13,353,765		—		13,353,765
Rights/Warrants
Canada		—		161,242		—		161,242
France		—		747		—		747
Israel		—		945		—		945
Norway		—		8,494		—		8,494

38

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Sweden		—	$	57		—	$	57
Securities Lending Collateral		—		182,604,958		—		182,604,958
TOTAL	$	330,464,654	$	2,442,954,910		—	$	2,773,419,564

See accompanying Notes to Financial Statements.

39

INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (94.2%)
AUSTRALIA — (5.4%)
	BHP Group, Ltd.		247,858	$	5,059,848		0.5	%
	CSL, Ltd.		56,488		11,259,598		1.2	%
	Other Securities				36,049,576		3.9	%
TOTAL AUSTRALIA					52,369,022		5.6	%
AUSTRIA — (0.1%)
	Other Securities				694,233		0.1	%
BELGIUM — (0.9%)
	Other Securities				8,175,856		0.9	%
CANADA — (8.5%)
	Canadian National Railway Co.		51,046		4,230,182		0.5	%
	Canadian Natural Resources, Ltd.		318,823		5,339,103		0.6	%
	Other Securities				71,648,531		7.6	%
TOTAL CANADA					81,217,816		8.7	%
DENMARK — (1.9%)
	Novo Nordisk A.S., Class B		216,287		13,796,949		1.5	%
	Other Securities				4,019,614		0.4	%
TOTAL DENMARK					17,816,563		1.9	%
FINLAND — (1.1%)
	Other Securities				10,162,967		1.1	%
FRANCE — (8.4%)
	Cie Generale des Etablissements Michelin SCA		51,897		5,014,342		0.5	%
#	Kering SA		9,530		4,847,954		0.5	%
	Legrand SA		69,954		4,689,896		0.5	%
	LVMH Moet Hennessy Louis Vuitton SE		40,957		15,833,671		1.7	%
	Orange SA		342,562		4,161,797		0.5	%
	Vinci SA		81,013		6,636,741		0.7	%
	Other Securities				39,905,729		4.3	%
TOTAL FRANCE					81,090,130		8.7	%
GERMANY — (6.8%)
	Adidas AG		20,625		4,721,730		0.5	%
	Bayer AG		95,267		6,265,649		0.7	%
	Deutsche Boerse AG		28,076		4,352,859		0.5	%
	Deutsche Telekom AG		486,363		7,110,440		0.8	%
	Fresenius Medical Care AG & Co. KGaA		51,411		4,029,106		0.4	%
	Infineon Technologies AG		230,358		4,282,568		0.5	%
	Other Securities				34,986,732		3.6	%
TOTAL GERMANY					65,749,084		7.0	%
HONG KONG — (2.8%)
	Hong Kong Exchanges & Clearing, Ltd.		148,937		4,775,238		0.5	%

40

INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
HONG KONG — (Continued)
	Other Securities			$	21,661,241		2.3	%
TOTAL HONG KONG					26,436,479		2.8	%
IRELAND — (0.4%)
	Other Securities				4,136,693		0.4	%
ISRAEL — (0.3%)
	Other Securities				3,320,768		0.4	%
ITALY — (1.6%)
	Other Securities				15,793,641		1.7	%
JAPAN — (23.0%)
	Astellas Pharma, Inc.		273,900		4,530,072		0.5	%
	Daikin Industries, Ltd.		37,200		4,773,910		0.5	%
	Hoya Corp.		48,100		4,386,399		0.5	%
	Kao Corp.		72,100		5,560,084		0.6	%
	KDDI Corp.		316,700		9,172,984		1.0	%
	Murata Manufacturing Co., Ltd.		77,700		4,378,159		0.5	%
	NTT DOCOMO, Inc.		209,400		6,171,274		0.7	%
	Recruit Holdings Co., Ltd.		182,900		5,335,410		0.6	%
	SoftBank Group Corp.		210,400		9,018,291		1.0	%
	Sony Corp.		207,600		13,359,906		1.4	%
	Tokyo Electron, Ltd.		21,300		4,536,492		0.5	%
	Other Securities				149,782,959		15.8	%
TOTAL JAPAN					221,005,940		23.6	%
NETHERLANDS — (3.4%)
#	Koninklijke Ahold Delhaize NV		232,175		5,637,287		0.6	%
	Unilever NV 904784709		127,954		6,323,487		0.7	%
#	Wolters Kluwer NV		81,646		6,013,420		0.6	%
	Other Securities				14,621,388		1.6	%
TOTAL NETHERLANDS					32,595,582		3.5	%
NEW ZEALAND — (0.2%)
	Other Securities				2,118,288		0.2	%
NORWAY — (0.6%)
	Other Securities				6,078,049		0.6	%
PORTUGAL — (0.1%)
	Other Security				812,345		0.1	%
SINGAPORE — (0.9%)
	Other Securities				8,615,947		0.9	%
SPAIN — (2.3%)
	Amadeus IT Group SA		93,221		4,449,667		0.5	%
	Telefonica SA		938,160		4,289,722		0.4	%
	Other Securities				13,067,167		1.4	%
TOTAL SPAIN					21,806,556		2.3	%

41

INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
SWEDEN — (2.3%)
	Other Securities			$	22,397,256		2.4	%
SWITZERLAND — (9.7%)
	Geberit AG		11,413		5,103,926		0.6	%
	Givaudan SA		1,960		6,572,435		0.7	%
	Nestle SA		134,782		14,274,764		1.5	%
	Partners Group Holding AG		5,719		4,506,800		0.5	%
	Roche Holding AG CH0012032048		109,285		37,845,105		4.0	%
	Sika AG		34,004		5,624,573		0.6	%
	Other Securities				19,245,803		2.1	%
TOTAL SWITZERLAND					93,173,406		10.0	%
UNITED KINGDOM — (13.5%)
	AstraZeneca P.L.C		28,081		2,937,048		0.3	%
	AstraZeneca P.L.C., Sponsored ADR		223,751		11,697,702		1.2	%
	Compass Group P.L.C		263,643		4,436,425		0.5	%
#	Diageo P.L.C., Sponsored ADR		75,348		10,447,000		1.1	%
	Experian P.L.C		150,867		4,530,591		0.5	%
	GlaxoSmithKline P.L.C		165,344		3,449,505		0.4	%
#	GlaxoSmithKline P.L.C., Sponsored ADR		286,876		12,068,873		1.3	%
	Imperial Brands P.L.C		295,822		6,223,637		0.7	%
	Rio Tinto P.L.C., Sponsored ADR		102,477		4,733,413		0.5	%
	SSE P.L.C		326,967		5,128,598		0.5	%
#	Unilever P.L.C., Sponsored ADR		145,820		7,563,683		0.8	%
	Other Securities				56,477,682		6.0	%
TOTAL UNITED KINGDOM					129,694,157		13.8	%
UNITED STATES — (0.0%)
	Other Securities				259,540		0.0	%
TOTAL COMMON STOCKS					905,520,318		96.7	%
PREFERRED STOCKS — (0.7%)
GERMANY — (0.7%)
	Volkswagen AG		29,443		4,096,439		0.5	%
	Other Securities				2,800,860		0.3	%
TOTAL GERMANY					6,897,299		0.8	%
TOTAL INVESTMENT SECURITIES (Cost $946,892,097)					912,417,617
				Value†
SECURITIES LENDING COLLATERAL — (5.1%)
@§	The DFA Short Term Investment Fund		4,229,097		48,934,877		5.2	%
TOTAL INVESTMENTS—(100.0%) (Cost $995,818,175)				$	961,352,494		102.7	%

42

INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO

CONTINUED

As of April 30, 2020, International 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		124		06/19/20	$	18,038,949	$	17,994,880	$	(44,069	)
Total Futures Contracts					$	18,038,949	$	17,994,880	$	(44,069	)

Summary of the Portfolio’s investments as of April 30, 2020, 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	$	3,817,899		$	48,551,123		—	$	52,369,022
Austria		—			694,233		—		694,233
Belgium		—			8,175,856		—		8,175,856
Canada		81,217,816			—		—		81,217,816
Denmark		—			17,816,563		—		17,816,563
Finland		—			10,162,967		—		10,162,967
France		246,981			80,843,149		—		81,090,130
Germany		—			65,749,084		—		65,749,084
Hong Kong		—			26,436,479		—		26,436,479
Ireland		809,957			3,326,736		—		4,136,693
Israel		1,041,946			2,278,822		—		3,320,768
Italy		1,721,157			14,072,484		—		15,793,641
Japan		—			221,005,940		—		221,005,940
Netherlands		7,157,050			25,438,532		—		32,595,582
New Zealand		—			2,118,288		—		2,118,288
Norway		—			6,078,049		—		6,078,049
Portugal		—			812,345		—		812,345
Singapore		—			8,615,947		—		8,615,947
Spain		—			21,806,556		—		21,806,556
Sweden		89,518			22,307,738		—		22,397,256
Switzerland		44,128			93,129,278		—		93,173,406
United Kingdom		52,007,223			77,686,934		—		129,694,157
United States		259,540			—		—		259,540
Preferred Stocks
Germany		—			6,897,299		—		6,897,299
Securities Lending Collateral		—			48,934,877		—		48,934,877
Futures Contracts**		(44,069	)		—		—		(44,069	)
TOTAL	$	148,369,146		$	812,939,279		—	$	961,308,425

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

See accompanying Notes to Financial Statements.

43

WORLD EX U.S. VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

	Shares		Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The DFA International Value Series of The DFA Investment Trust Company			$	131,427,902
Investment in Dimensional Emerging Markets Value Fund				62,275,642
Investment in DFA International Small Cap Value Portfolio of DFA Investment Dimensions Group Inc.		1,275,535		18,201,885
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $263,331,166)			$	211,905,429

Summary of the Portfolio’s investments as of April 30, 2020, 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	$	211,905,429		—		—	$	211,905,429
TOTAL	$	211,905,429		—		—	$	211,905,429

See accompanying Notes to Financial Statements.

44

WORLD EX U.S. CORE EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»			Percentage of Net Assets‡
COMMON STOCKS — (94.9%)
AUSTRALIA — (4.1%)
	BHP Group, Ltd.		487,213	$	9,946,113			0.3	%
	CSL, Ltd.		28,867		5,753,980			0.2	%
	Other Securities				115,932,096			3.7	%
TOTAL AUSTRALIA					131,632,189			4.2	%
AUSTRIA — (0.3%)
	Other Securities				11,181,619			0.4	%
BELGIUM — (0.8%)
	Other Securities				26,588,100			0.8	%
BRAZIL — (1.3%)
	Vale SA		628,010		5,180,773			0.2	%
	Other Securities				36,070,564			1.1	%
TOTAL BRAZIL					41,251,337			1.3	%
CANADA — (6.2%)
	Royal Bank of Canada 2754383		120,786		7,430,515			0.3	%
	Royal Bank of Canada 780087102		97,598		6,011,061			0.2	%
	Other Securities				188,341,992			5.9	%
TOTAL CANADA					201,783,568			6.4	%
CHILE — (0.2%)
	Other Securities				6,428,696			0.2	%
CHINA — (8.9%)
*	Alibaba Group Holding, Ltd., Sponsored ADR		37,146		7,528,380			0.3	%
	China Construction Bank Corp., Class H		11,401,000		9,151,162			0.3	%
	China Mobile, Ltd.		1,070,500		8,605,810			0.3	%
	Industrial & Commercial Bank of China, Ltd., Class H		8,084,000		5,420,396			0.2	%
	Ping An Insurance Group Co. of China, Ltd., Class H		878,500		8,939,843			0.3	%
	Tencent Holdings, Ltd.		442,200		23,246,203			0.8	%
	Other Securities				225,109,838			7.0	%
TOTAL CHINA					288,001,632			9.2	%
COLOMBIA — (0.1%)
	Other Securities				1,985,914			0.1	%
CZECH REPUBLIC — (0.0%)
	Other Securities				1,155,478			0.0	%
DENMARK — (1.4%)
	Novo Nordisk A.S., Class B		151,133		9,640,775			0.3	%
	Other Securities				36,273,675			1.2	%
TOTAL DENMARK					45,914,450			1.5	%
EGYPT — (0.0%)
	Other Securities				239,987	��		0.0	%

45

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
FINLAND — (1.1%)
	Other Securities			$	36,071,125		1.1	%
FRANCE — (5.3%)
#	Air Liquide SA		40,713		5,172,758		0.2	%
	Cie Generale des Etablissements Michelin SCA		58,543		5,656,485		0.2	%
	LVMH Moet Hennessy Louis Vuitton SE		21,810		8,431,583		0.3	%
	Orange SA		455,998		5,539,935		0.2	%
#	Sanofi		55,205		5,392,078		0.2	%
	Total SA		331,214		11,755,571		0.4	%
	Vinci SA		66,251		5,427,410		0.2	%
	Other Securities				122,649,268		3.7	%
TOTAL FRANCE					170,025,088		5.4	%
GERMANY — (4.6%)
	Allianz SE		29,730		5,471,249		0.2	%
	Bayer AG		149,078		9,804,764		0.3	%
	Daimler AG		180,199		6,163,344		0.2	%
	Deutsche Telekom AG		363,877		5,319,742		0.2	%
	Other Securities				120,866,785		3.8	%
TOTAL GERMANY					147,625,884		4.7	%
GREECE — (0.1%)
	Other Securities				1,685,865		0.1	%
HONG KONG — (2.0%)
	AIA Group, Ltd.		562,200		5,159,740		0.2	%
	Other Securities				59,508,041		1.9	%
TOTAL HONG KONG					64,667,781		2.1	%
HUNGARY — (0.1%)
	Other Securities				2,521,029		0.1	%
INDIA — (2.9%)
	Reliance Industries, Ltd.		306,222		5,945,755		0.2	%
	Other Securities				87,764,898		2.8	%
TOTAL INDIA					93,710,653		3.0	%
INDONESIA — (0.4%)
	Other Securities				14,090,952		0.4	%
IRELAND — (0.6%)
	CRH P.L.C., Sponsored ADR		271,910		8,189,929		0.3	%
	Other Securities				10,883,988		0.3	%
TOTAL IRELAND					19,073,917		0.6	%
ISRAEL — (0.5%)
	Other Securities				17,449,669		0.6	%
ITALY — (1.7%)
	Other Securities				54,849,497		1.7	%

46

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
JAPAN — (17.3%)
	Honda Motor Co., Ltd.		224,300	$	5,446,936		0.2	%
	NTT DOCOMO, Inc.		181,600		5,351,974		0.2	%
	SoftBank Group Corp.		280,444		12,020,559		0.4	%
	Sony Corp.		104,000		6,692,824		0.2	%
	Toyota Motor Corp.		337,064		20,839,579		0.7	%
	Other Securities				510,637,859		16.1	%
TOTAL JAPAN					560,989,731		17.8	%
MALAYSIA — (0.6%)
	Other Securities				19,667,007		0.6	%
MEXICO — (0.6%)
	Other Securities				18,691,191		0.6	%
NETHERLANDS — (2.2%)
	ASML Holding NV		20,610		5,944,542		0.2	%
#	Koninklijke Ahold Delhaize NV		345,795		8,396,012		0.3	%
	Other Securities				58,075,364		1.8	%
TOTAL NETHERLANDS					72,415,918		2.3	%
NEW ZEALAND — (0.3%)
	Other Securities				10,646,919		0.3	%
NORWAY — (0.5%)
	Other Securities				16,738,423		0.5	%
PERU — (0.0%)
	Other Securities				319,654		0.0	%
PHILIPPINES — (0.3%)
	Other Securities				8,263,309		0.3	%
POLAND — (0.3%)
	Other Securities				8,034,263		0.3	%
PORTUGAL — (0.1%)
	Other Securities				4,730,060		0.2	%
QATAR — (0.0%)
	Other Securities				1,267,487		0.0	%
RUSSIA — (0.3%)
	Other Securities				9,438,384		0.3	%
SAUDI ARABIA — (0.1%)
	Other Securities				2,476,200		0.1	%
SINGAPORE — (0.7%)
	Other Securities				22,466,150		0.7	%
SOUTH AFRICA — (1.4%)
	Other Securities				45,294,936		1.4	%

47

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
SOUTH KOREA — (3.7%)
	Samsung Electronics Co., Ltd.		661,530	$	27,200,477		0.9	%
	SK Hynix, Inc.		79,671		5,482,763		0.2	%
	Other Securities				87,086,174		2.7	%
TOTAL SOUTH KOREA					119,769,414		3.8	%
SPAIN — (1.5%)
	Iberdrola S.A		547,344		5,444,852		0.2	%
	Other Securities				41,993,892		1.3	%
TOTAL SPAIN					47,438,744		1.5	%
SWEDEN — (1.9%)
	Other Securities				61,416,461		2.0	%
SWITZERLAND — (5.4%)
	Nestle SA		285,492		30,236,463		1.0	%
	Novartis AG		114,537		9,774,410		0.3	%
	Roche Holding AG CH0012032048		58,789		20,358,475		0.7	%
	Other Securities				113,231,988		3.5	%
TOTAL SWITZERLAND					173,601,336		5.5	%
TAIWAN — (4.9%)
	Taiwan Semiconductor Manufacturing Co., Ltd.		1,170,000		11,802,721		0.4	%
	Taiwan Semiconductor Manufacturing Co., Ltd.,
	Sponsored ADR		134,422		7,141,841		0.3	%
	Other Securities				138,389,992		4.3	%
TOTAL TAIWAN					157,334,554		5.0	%
THAILAND — (0.7%)
	Other Securities				23,530,700		0.7	%
TURKEY — (0.2%)
	Other Securities				6,748,233		0.2	%
UNITED ARAB EMIRATES — (0.0%)
	Other Securities				1,132,042		0.0	%
UNITED KINGDOM — (9.2%)
	Anglo American P.L.C		363,018		6,456,293		0.2	%
	AstraZeneca P.L.C., Sponsored ADR		170,655		8,921,843		0.3	%
	BP P.L.C., Sponsored ADR		503,098		11,973,732		0.4	%
	GlaxoSmithKline P.L.C., Sponsored ADR		155,405		6,537,888		0.2	%
#	HSBC Holdings P.L.C., Sponsored ADR		274,328		7,058,459		0.2	%
	Rio Tinto P.L.C., Sponsored ADR		172,914		7,986,898		0.3	%
#	Royal Dutch Shell P.L.C., Sponsored ADR, Class A		161,107		5,337,475		0.2	%
	Royal Dutch Shell P.L.C., Sponsored ADR, Class B		227,403		7,270,074		0.2	%
	Other Securities				235,714,195		7.4	%
TOTAL UNITED KINGDOM					297,256,857		9.4	%
UNITED STATES — (0.1%)
	Other Securities				1,833,017		0.1	%
TOTAL COMMON STOCKS					3,069,435,420		97.5	%

48

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
PREFERRED STOCKS — (0.7%)
BRAZIL — (0.3%)
	Other Securities			$	9,270,181		0.3	%
CHILE — (0.0%)
	Other Securities				226,584		0.0	%
COLOMBIA — (0.0%)
	Other Securities				292,284		0.0	%
GERMANY — (0.4%)
	Volkswagen AG		43,057		5,990,570		0.2	%
	Other Securities				7,088,936		0.3	%
TOTAL GERMANY					13,079,506		0.5	%
SOUTH KOREA — (0.0%)
	Other Security				1,271		0.0	%
TOTAL PREFERRED STOCKS					22,869,826		0.8	%
RIGHTS/WARRANTS — (0.0%)
CANADA — (0.0%)
	Other Securities				42,746		0.0	%
SWEDEN — (0.0%)
	Other Security				55		0.0	%
FRANCE — (0.0%)
	Other Security				413		0.0	%
TAIWAN — (0.0%)
	Other Securities				4,424		0.0	%
SOUTH KOREA — (0.0%)
	Other Security				1,534		0.0	%
NORWAY — (0.0%)
	Other Security				10,126		0.0	%
ISRAEL — (0.0%)
	Other Security				928		0.0	%
TOTAL RIGHTS/WARRANTS					60,226		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $3,551,670,846)					3,092,365,472
				Value†
SECURITIES LENDING COLLATERAL — (4.4%)
@§	The DFA Short Term Investment Fund		12,376,967		143,213,890		4.5	%
TOTAL INVESTMENTS—(100.0%) (Cost $3,694,851,878)				$	3,235,579,362		102.8	%

49

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED

As of April 30, 2020, World ex U.S. Core 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		240		06/19/20	$	33,202,977	$	34,828,800	$	1,625,823
Total Futures Contracts					$	33,202,977	$	34,828,800	$	1,625,823

Summary of the Portfolio’s investments as of April 30, 2020, 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	$	1,921,403	$	129,710,786		—	$	131,632,189
Austria		—		11,181,619		—		11,181,619
Belgium		530,088		26,058,012		—		26,588,100
Brazil		41,251,337		—		—		41,251,337
Canada		200,778,346		1,005,222		—		201,783,568
Chile		6,428,696		—		—		6,428,696
China		36,837,749		251,163,883		—		288,001,632
Colombia		1,985,914		—		—		1,985,914
Czech Republic		—		1,155,478		—		1,155,478
Denmark		338,436		45,576,014		—		45,914,450
Egypt		111,005		128,982		—		239,987
Finland		—		36,071,125		—		36,071,125
France		854,152		169,170,936		—		170,025,088
Germany		1,739,820		145,886,064		—		147,625,884
Greece		—		1,685,865		—		1,685,865
Hong Kong		79,216		64,588,565		—		64,667,781
Hungary		—		2,521,029		—		2,521,029
India		2,121,424		91,589,229		—		93,710,653
Indonesia		130,140		13,960,812		—		14,090,952
Ireland		8,189,929		10,883,988		—		19,073,917
Israel		2,199,240		15,250,429		—		17,449,669
Italy		229,294		54,620,203		—		54,849,497
Japan		2,419,930		558,569,801		—		560,989,731
Malaysia		—		19,667,007		—		19,667,007
Mexico		18,691,085		106		—		18,691,191
Netherlands		9,691,175		62,724,743		—		72,415,918
New Zealand		—		10,646,919		—		10,646,919
Norway		114,718		16,623,705		—		16,738,423
Peru		319,591		63		—		319,654
Philippines		177,829		8,085,480		—		8,263,309
Poland		—		8,034,263		—		8,034,263
Portugal		—		4,730,060		—		4,730,060
Qatar		—		1,267,487		—		1,267,487
Russia		4,960,710		4,477,674		—		9,438,384
Saudi Arabia		—		2,476,200		—		2,476,200
Singapore		—		22,466,150		—		22,466,150
South Africa		9,220,811		36,074,125		—		45,294,936
South Korea		544,466		119,224,948		—		119,769,414
Spain		410,658		47,028,086		—		47,438,744
Sweden		203,308		61,213,153		—		61,416,461

50

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Switzerland	$	5,915,376	$	167,685,960		—	$	173,601,336
Taiwan		7,303,970		150,030,584		—		157,334,554
Thailand		23,530,700		—		—		23,530,700
Turkey		—		6,748,233		—		6,748,233
United Arab Emirates		—		1,132,042		—		1,132,042
United Kingdom		73,985,288		223,271,569		—		297,256,857
United States		1,366,279		466,738		—		1,833,017
Preferred Stocks
Brazil		9,270,181		—		—		9,270,181
Chile		226,584		—		—		226,584
Colombia		292,284		—		—		292,284
Germany		—		13,079,506		—		13,079,506
South Korea		—		1,271		—		1,271
Rights/Warrants
Canada		—		42,746		—		42,746
France		—		413		—		413
Israel		—		928		—		928
Norway		—		10,126		—		10,126
South Korea		—		1,534		—		1,534
Sweden		—		55		—		55
Taiwan		—		4,424		—		4,424
Securities Lending Collateral		—		143,213,890		—		143,213,890
Futures Contracts**		1,625,823		—		—		1,625,823
TOTAL	$	475,996,955	$	2,761,208,230		—	$	3,237,205,185

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

See accompanying Notes to Financial Statements.

51

WORLD CORE EQUITY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

	Shares		Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc.		20,118,224	$	445,819,848
Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc.		22,996,702		249,744,186
Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc.		5,315,168		91,739,791
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $773,893,842)			$	787,303,825
TEMPORARY CASH INVESTMENTS — (0.0%)
State Street Institutional U.S. Government Money Market Fund, 0.216% (Cost $177,591)		177,591		177,591
TOTAL INVESTMENTS — (100.0%) (Cost $774,071,433)			$	787,481,416

Summary of the Portfolio’s investments as of April 30, 2020, 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	$	787,303,825		—		—	$	787,303,825
Temporary Cash Investments		177,591		—		—		177,591
TOTAL	$	787,481,416		—		—	$	787,481,416

See accompanying Notes to Financial Statements.

52

SELECTIVELY HEDGED GLOBAL EQUITY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

	Shares		Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in U.S. Core Equity 2 Portfolio of DFA Investment Dimensions Group Inc.		7,617,975	$	151,978,613
Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc.		7,985,429		86,721,756
Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc.		3,035,752		52,397,081
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $262,519,689)			$	291,097,450

As of April 30, 2020, 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:

Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Foreign Exchange Appreciation (Depreciation)
ILS	213,631	USD	60,358	Bank of America Corp.		05/26/20	$	959
ILS	125,403	USD	34,578	Citibank, N.A.		05/26/20		1,416
USD	754,188	ILS	2,581,750	Goldman Sachs International		05/26/20		13,159
ILS	125,256	USD	34,603	Goldman Sachs International		05/26/20		1,349
ILS	115,957	USD	32,261	UBS AG		05/26/20		1,022
GBP	528,187	USD	660,946	Goldman Sachs International		06/12/20		4,410
USD	26,717,336	EUR	24,597,976	JP Morgan		07/13/20		53,698
Total Appreciation							$	76,013
USD	4,404,218	ILS	7,124,849	Bank of America Corp.		05/26/20	$	(135,418	)
USD	530,046	NOK	5,670,968	Citibank, N.A.		05/26/20		(23,546	)
ILS	243,866	USD	70,112	Goldman Sachs International		05/26/20		(117	)
USD	44,221	NOK	457,280	UBS AG		05/26/20		(418	)
USD	1,475,750	DKK	10,201,782	Citibank, N.A.		06/04/20		(23,314	)
USD	827,363	GBP	662,353	Citibank, N.A.		06/12/20		(7,001	)
USD	10,670,887	GBP	8,483,545	JP Morgan		06/12/20		(15,811	)
USD	1,957,538	SEK	19,575,197	Bank of America Corp.		06/22/20		(49,909	)
USD	19,199,436	JPY	2,058,996,881	JP Morgan		07/15/20		(7,997	)
USD	662,353	SGD	944,072	Australia and New Zealand Banking Group Ltd.		07/21/20		(7,358	)
USD	4,698,140	CAD	6,573,665	Bank of New York Mellon Corp.		07/24/20		(25,441	)
Total (Depreciation)							$	(296,330	)
Total Appreciation (Depreciation)							$	(220,317	)

53

SELECTIVELY HEDGED GLOBAL EQUITY PORTFOLIO

CONTINUED

As of April 30, 2020, Selectively Hedged Global 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		26		06/19/20	$	3,393,424	$	3,773,120	$	379,696
Total Futures Contracts					$	3,393,424	$	3,773,120	$	379,696

Summary of the Portfolio’s investments as of April 30, 2020, 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	$	291,097,450		—			—	$	291,097,450
Forward Currency Contracts**		—	$	(220,317	)		—		(220,317	)
Futures Contracts**		379,696		—			—		379,696
TOTAL	$	291,477,146	$	(220,317	)		—	$	291,256,829

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

See accompanying Notes to Financial Statements.

54

EMERGING MARKETS PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The Emerging Markets Series of The DFA Investment Trust Company	$	5,272,327,074
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	5,272,327,074

Summary of the Portfolio’s Master Fund’s investments as of April 30, 2020, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

55

EMERGING MARKETS SMALL CAP PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The Emerging Markets Small Cap Series of The DFA Investment Trust Company	$	4,747,312,967
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	4,747,312,967

Summary of the Portfolio’s Master Fund’s investments as of April 30, 2020, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

56

EMERGING MARKETS VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in Dimensional Emerging Markets Value Fund	$	13,239,873,998
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	13,239,873,998

Summary of the Portfolio’s Master Fund’s investments as of April 30, 2020, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

57

EMERGING MARKETS CORE EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

						Percentage
		Shares		Value»		of Net Assets‡
COMMON STOCKS — (96.8%)
BRAZIL — (4.7%)
	Petroleo Brasileiro SA BRPETRACNOR9		19,448,656	$	66,701,748		0.3	%
	Vale SA		20,424,690		168,493,647		0.8	%
	Other Securities				812,455,095		3.6	%
TOTAL BRAZIL					1,047,650,490		4.7	%
CANADA — (0.0%)
	Other Security				5,871,512		0.0	%
CHILE — (0.9%)
	Other Securities				193,764,453		0.9	%
CHINA — (29.8%)
*	Alibaba Group Holding, Ltd., Sponsored ADR		1,943,544		393,898,062		1.8	%
	Anhui Conch Cement Co., Ltd., Class H		7,186,000		56,664,327		0.3	%
*	Baidu, Inc., Sponsored ADR		630,238		63,609,921		0.3	%
	Bank of China, Ltd., Class H		203,461,702		77,458,428		0.4	%
	China Construction Bank Corp., Class H		328,426,302		263,615,687		1.2	%
	China Merchants Bank Co., Ltd., Class H		19,361,646		91,625,283		0.4	%
	China Mobile, Ltd.		14,262,500		114,657,050		0.5	%
#	China Mobile, Ltd., Sponsored ADR		2,903,118		116,037,626		0.5	%
	China National Building Material Co., Ltd., Class H		42,434,150		53,006,436		0.3	%
	China Overseas Land & Investment, Ltd.		22,770,033		84,111,265		0.4	%
	China Petroleum & Chemical Corp., Class H		147,178,400		73,355,575		0.3	%
	China Resources Land, Ltd.		14,146,610		58,456,668		0.3	%
	China Shenhua Energy Co., Ltd., Class H		30,621,000		54,247,788		0.3	%
	CNOOC, Ltd.		66,903,000		73,969,398		0.3	%
	Country Garden Holdings Co., Ltd.		38,477,649		49,842,996		0.2	%
	Hengan International Group Co., Ltd.		5,586,122		49,677,071		0.2	%
	Industrial & Commercial Bank of China, Ltd., Class H		260,523,725		174,683,535		0.8	%
	NetEase, Inc., ADR		213,660		73,704,154		0.3	%
	PetroChina Co., Ltd., Class H		142,684,000		51,250,878		0.2	%
	Ping An Insurance Group Co. of China, Ltd., Class H		30,207,000		307,394,237		1.4	%
	Sunac China Holdings, Ltd.		15,572,000		69,657,468		0.3	%
#	Tencent Holdings, Ltd.		17,216,900		905,082,661		4.1	%
*	Vipshop Holdings, Ltd., ADR		3,141,441		50,043,155		0.2	%
	Yum China Holdings, Inc.		1,301,003		63,046,605		0.3	%
	Other Securities				3,226,770,763		14.6	%
TOTAL CHINA					6,595,867,037		29.9	%
COLOMBIA — (0.2%)
	Other Securities				46,386,306		0.2	%
CZECH REPUBLIC — (0.1%)
	Other Securities				28,584,574		0.1	%
EGYPT — (0.1%)
	Other Securities				16,483,480		0.1	%
GREECE — (0.3%)
	Other Securities				54,539,492		0.2	%

58

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED

						Percentage
		Shares		Value»		of Net Assets‡
HONG KONG — (0.0%)
	Other Securities			$	2,871,950		0.0	%
HUNGARY — (0.3%)
	Other Securities				64,237,232		0.3	%
INDIA — (11.2%)
*	Bharti Airtel, Ltd.		8,619,250		58,726,670		0.3	%
	HDFC Bank Ltd.		5,989,118		78,506,215		0.4	%
	Hindustan Unilever, Ltd.		2,343,924		68,178,758		0.3	%
	Housing Development Finance Corp., Ltd.		2,926,564		74,032,639		0.4	%
	Infosys, Ltd.		11,809,081		110,311,585		0.5	%
	Infosys, Ltd., Sponsored ADR		7,138,068		65,884,368		0.3	%
	Reliance Industries, Ltd.		10,291,451		199,823,818		0.9	%
	Tata Consultancy Services, Ltd.		3,610,270		95,814,220		0.5	%
	Other Securities				1,734,642,702		7.7	%
TOTAL INDIA					2,485,920,975		11.3	%
INDONESIA — (2.2%)
	Bank Central Asia Tbk PT		27,776,800		48,114,690		0.2	%
	Bank Rakyat Indonesia Persero Tbk PT		281,291,900		51,163,445		0.3	%
	Other Securities				382,306,861		1.7	%
TOTAL INDONESIA					481,584,996		2.2	%
MALAYSIA — (2.4%)
	Other Securities				532,191,517		2.4	%
MEXICO — (2.3%)
	America Movil S.A.B. de C.V., Sponsored ADR, Class L		4,109,882		49,482,979		0.2	%
	Other Securities				448,220,655		2.1	%
TOTAL MEXICO					497,703,634		2.3	%
PERU — (0.1%)
	Other Securities				26,174,872		0.1	%
PHILIPPINES — (1.0%)
	Other Securities				225,332,138		1.0	%
POLAND — (1.0%)
	Other Securities				213,479,209		1.0	%
QATAR — (0.0%)
	Other Securities				2,461,835		0.0	%
RUSSIA — (1.2%)
	Lukoil PJSC, Sponsored ADR		868,336		56,648,276		0.3	%
	Other Securities				218,370,565		0.9	%
TOTAL RUSSIA					275,018,841		1.2	%
SAUDI ARABIA — (0.2%)
	Other Securities				38,330,207		0.2	%

59

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
SOUTH AFRICA — (4.5%)
	AngloGold Ashanti, Ltd., Sponsored ADR		2,133,810	$	52,043,626		0.2	%
	FirstRand, Ltd.		23,309,342		50,872,744		0.2	%
	Gold Fields, Ltd., Sponsored ADR		9,705,473		71,238,172		0.3	%
	Naspers, Ltd., Class N		463,620		72,161,708		0.3	%
#	Standard Bank Group, Ltd.		9,354,999		51,618,058		0.2	%
	Other Securities				704,711,952		3.3	%
TOTAL SOUTH AFRICA					1,002,646,260		4.5	%
SOUTH KOREA — (13.6%)
	Samsung Electronics Co., Ltd.		22,844,954		939,327,997		4.3	%
	SK Hynix, Inc.		2,407,473		165,676,393		0.8	%
	Other Securities				1,901,326,587		8.5	%
TOTAL SOUTH KOREA					3,006,330,977		13.6	%
TAIWAN — (17.3%)
	Hon Hai Precision Industry Co., Ltd.		28,840,403		74,118,867		0.4	%
	Taiwan Semiconductor Manufacturing Co., Ltd.		41,439,652		418,034,746		1.9	%
	Taiwan Semiconductor Manufacturing Co., Ltd., Sponsored ADR		8,390,486		445,786,521		2.0	%
	Other Securities				2,897,962,260		13.1	%
TOTAL TAIWAN					3,835,902,394		17.4	%
THAILAND — (2.6%)
	Other Securities				575,635,632		2.6	%
TURKEY — (0.8%)
	Other Securities				167,181,989		0.8	%
UNITED ARAB EMIRATES — (0.0%)
	Other Securities				3,635,768		0.0	%
TOTAL COMMON STOCKS					21,425,787,770		97.0	%
PREFERRED STOCKS — (1.2%)
BRAZIL — (1.2%)
	Itau Unibanco Holding SA		13,245,417		55,462,246		0.3	%
	Petroleo Brasileiro SA BRPETRACNPR6		28,735,931		95,383,062		0.5	%
	Other Securities				105,571,558		0.4	%
TOTAL BRAZIL					256,416,866		1.2	%
CHILE — (0.0%)
	Other Securities				5,576,026		0.0	%
COLOMBIA — (0.0%)
	Other Securities				9,773,477		0.0	%
SOUTH KOREA — (0.0%)
	Other Securities				467,909		0.0	%
TOTAL PREFERRED STOCKS					272,234,278		1.2	%

60

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
RIGHTS/WARRANTS — (0.0%)
TAIWAN — (0.0%)
	Other Securities			$	95,250		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $22,044,284,778)					21,698,117,298
				Value†
SECURITIES LENDING COLLATERAL — (2.0%)
@§	The DFA Short Term Investment Fund		38,123,229		441,123,888		2.0	%
TOTAL INVESTMENTS—(100.0%) (Cost $22,485,296,596)				$	22,139,241,186		100.2	%

As of April 30, 2020, 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:
MSCI Emerging Markets Index		650		06/19/20	$	27,071,489	$	29,441,750	$	2,370,261
S&P 500® Emini Index		2,211		06/19/20		312,655,993		320,860,320		8,204,327
Total Futures Contracts					$	339,727,482	$	350,302,070	$	10,574,588

Summary of the Portfolio’s investments as of April 30, 2020, 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	$	1,047,650,490		—		—	$	1,047,650,490
Canada		5,871,512		—		—		5,871,512
Chile		193,764,453		—		—		193,764,453
China		1,140,858,148	$	5,455,008,889		—		6,595,867,037
Colombia		46,386,306		—		—		46,386,306
Czech Republic		—		28,584,574		—		28,584,574
Egypt		1,775,362		14,708,118		—		16,483,480
Greece		—		54,539,492		—		54,539,492
Hong Kong		—		2,871,950		—		2,871,950
Hungary		230,994		64,006,238		—		64,237,232
India		124,775,575		2,361,145,400		—		2,485,920,975
Indonesia		21,176,819		460,408,177		—		481,584,996
Malaysia		8,377		532,183,140		—		532,191,517
Mexico		497,691,904		11,730		—		497,703,634
Peru		26,173,849		1,023		—		26,174,872
Philippines		6,274,026		219,058,112		—		225,332,138
Poland		—		213,479,209		—		213,479,209
Qatar		—		2,461,835		—		2,461,835
Russia		34,874,874		240,143,967		—		275,018,841
Saudi Arabia		—		38,330,207		—		38,330,207
South Africa		188,698,007		813,948,253		—		1,002,646,260
South Korea		48,884,925		2,957,446,052		—		3,006,330,977

61

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Taiwan	$	464,912,226	$	3,370,990,168		—	$	3,835,902,394
Thailand		575,614,655		20,977		—		575,635,632
Turkey		763,993		166,417,996		—		167,181,989
United Arab Emirates		—		3,635,768		—		3,635,768
Preferred Stocks
Brazil		256,416,866		—		—		256,416,866
Chile		5,576,026		—		—		5,576,026
Colombia		9,773,477		—		—		9,773,477
South Korea		—		467,909		—		467,909
Rights/Warrants
Taiwan		—		95,250		—		95,250
Securities Lending Collateral		—		441,123,888		—		441,123,888
Futures Contracts**		10,574,588		—		—		10,574,588
TOTAL	$	4,708,727,452	$	17,441,088,322		—	$	22,149,815,774

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

See accompanying Notes to Financial Statements.

62

EMERGING MARKETS TARGETED VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (98.7%)
BELGIUM — (0.1%)
	Other Security			$	118,284		0.1	%
BRAZIL — (5.5%)
*	BRF SA		94,895		338,372		0.2	%
	Cosan SA		37,681		418,116		0.3	%
	Hypera SA		90,300		482,893		0.4	%
	Petrobras Distribuidora SA		141,572		508,450		0.4	%
	Sul America SA		82,071		675,385		0.5	%
	Ultrapar Participacoes SA		186,070		496,150		0.4	%
	Other Securities				3,766,911		2.6	%
TOTAL BRAZIL					6,686,277		4.8	%
CANADA — (0.1%)
	Other Security				78,114		0.1	%
CHILE — (0.4%)
	Other Securities				480,338		0.3	%
CHINA — (25.6%)
	Beijing Enterprises Holdings, Ltd.		99,500		352,487		0.3	%
	Brilliance China Automotive Holdings, Ltd.		498,000		460,768		0.3	%
	China Communications Services Corp., Ltd., Class H		470,000		335,022		0.3	%
	China Jinmao Holdings Group, Ltd.		788,000		554,800		0.4	%
	China National Building Material Co., Ltd., Class H		820,000		1,024,299		0.7	%
	China Resources Cement Holdings, Ltd.		382,000		519,789		0.4	%
	China Taiping Insurance Holdings Co., Ltd.		254,800		429,592		0.3	%
	CIFI Holdings Group Co., Ltd.		484,129		369,844		0.3	%
	Fosun International, Ltd.		524,500		658,492		0.5	%
	Great Wall Motor Co., Ltd., Class H		519,000		346,981		0.3	%
	Kingboard Holdings, Ltd.		143,500		350,076		0.3	%
	Kunlun Energy Co., Ltd.		726,000		472,986		0.4	%
	KWG Group Holdings, Ltd.		254,000		375,741		0.3	%
#*	Semiconductor Manufacturing International Corp.		515,500		967,563		0.7	%
	Shenzhen International Holdings, Ltd.		186,500		360,450		0.3	%
	Shimao Property Holdings, Ltd.		182,500		741,839		0.5	%
*	SINA Corp.		10,908		368,363		0.3	%
	Sinopharm Group Co., Ltd., Class H		218,800		589,963		0.4	%
	Other Securities				21,880,995		15.4	%
TOTAL CHINA					31,160,050		22.4	%
COLOMBIA — (0.2%)
	Other Securities				194,745		0.1	%
GREECE — (0.3%)
	Other Securities				392,500		0.3	%
HONG KONG — (0.0%)
	Other Securities				19,000		0.0	%

63

EMERGING MARKETS TARGETED VALUE PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
INDIA — (11.4%)
	Aurobindo Pharma, Ltd.		51,632	$	422,266		0.3	%
	Cipla, Ltd.		54,009		420,617		0.3	%
	Dr Reddy’s Laboratories, Ltd.		7,033		363,800		0.3	%
	Grasim Industries, Ltd.		62,073		414,494		0.3	%
	Hindalco Industries, Ltd.		206,621		349,921		0.3	%
	UPL, Ltd.		75,705		411,897		0.3	%
	Zee Entertainment Enterprises, Ltd.		163,180		342,538		0.3	%
	Other Securities				11,133,738		7.9	%
TOTAL INDIA					13,859,271		10.0	%
INDONESIA — (1.5%)
	Other Securities				1,829,525		1.3	%
MALAYSIA — (2.7%)
	Genting Malaysia Bhd		626,800		344,531		0.3	%
	Other Securities				2,948,628		2.1	%
TOTAL MALAYSIA					3,293,159		2.4	%
MEXICO — (2.3%)
	Cemex S.A.B. de C.V		3,034,480		642,125		0.5	%
	Grupo Televisa S.A.B		416,261		440,942		0.3	%
	Other Securities				1,700,690		1.2	%
TOTAL MEXICO					2,783,757		2.0	%
PHILIPPINES — (1.1%)
	Other Securities				1,310,933		0.9	%
POLAND — (1.1%)
	Other Securities				1,281,448		0.9	%
QATAR — (0.2%)
	Other Securities				224,817		0.2	%
RUSSIA — (1.2%)
	Other Securities				1,493,213		1.1	%
SAUDI ARABIA — (0.1%)
	Other Securities				122,637		0.1	%
SOUTH AFRICA — (4.0%)
*	Sibanye Stillwater, Ltd.		270,052		550,142		0.4	%
	Other Securities				4,268,501		3.1	%
TOTAL SOUTH AFRICA					4,818,643		3.5	%
SOUTH KOREA — (13.7%)
	Samsung Securities Co., Ltd.		14,514		359,633		0.3	%
	Other Securities				16,315,336		11.7	%
TOTAL SOUTH KOREA					16,674,969		12.0	%
TAIWAN — (22.8%)
	AU Optronics Corp.		2,215,000		582,502		0.4	%
	Compal Electronics, Inc.		1,071,000		682,756		0.5	%

64

EMERGING MARKETS TARGETED VALUE PORTFOLIO

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
TAIWAN — (Continued)
	Foxconn Technology Co., Ltd.		236,000	$	453,142		0.3	%
	Innolux Corp.		2,111,000		458,518		0.3	%
	Inventec Corp.		597,000		469,077		0.3	%
	Lite-On Technology Corp.		500,000		776,975		0.6	%
	Pou Chen Corp.		566,000		532,999		0.4	%
	Synnex Technology International Corp.		317,000		423,066		0.3	%
	Taiwan Business Bank		1,111,600		402,676		0.3	%
	Teco Electric and Machinery Co., Ltd.		430,000		386,938		0.3	%
	Unimicron Technology Corp.		304,000		430,562		0.3	%
	Winbond Electronics Corp.		764,000		354,516		0.3	%
	Wistron Corp.		675,000		632,976		0.5	%
	Other Securities				21,146,232		15.1	%
TOTAL TAIWAN					27,732,935		19.9	%
THAILAND — (3.4%)
	Other Securities				4,109,436		3.0	%
TURKEY — (1.0%)
	Other Securities				1,253,376		0.9	%
UNITED ARAB EMIRATES — (0.0%)
	Other Security				30,492		0.0	%
TOTAL COMMON STOCKS					119,947,919		86.3	%
PREFERRED STOCKS — (0.9%)
BRAZIL — (0.9%)
	Gerdau SA		158,000		341,110		0.3	%
	Other Securities				683,810		0.4	%
TOTAL BRAZIL					1,024,920		0.7	%
COLOMBIA — (0.0%)
	Other Security				52,629		0.0	%
TOTAL PREFERRED STOCKS					1,077,549		0.7	%
RIGHTS/WARRANTS — (0.0%)
TAIWAN — (0.0%)
	Other Securities				872		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $140,670,308)					121,026,340
				Value†
SECURITIES LENDING COLLATERAL — (0.4%)
@§	The DFA Short Term Investment Fund		43,307		501,100		0.4	%
TOTAL INVESTMENTS—(100.0%) (Cost $141,171,223)				$	121,527,440		87.4	%

65

EMERGING MARKETS TARGETED VALUE PORTFOLIO

CONTINUED

As of April 30, 2020, 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		119		06/19/20	$	17,547,170	$	17,269,280	$	(277,890	)
Total Futures Contracts					$	17,547,170	$	17,269,280	$	(277,890	)

Summary of the Portfolio’s investments as of April 30, 2020, 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
Belgium		—		$	118,284		—	$	118,284
Brazil	$	6,686,277			—		—		6,686,277
Canada		78,114			—		—		78,114
Chile		480,338			—		—		480,338
China		1,335,699			29,824,351		—		31,160,050
Colombia		194,745			—		—		194,745
Greece		—			392,500		—		392,500
Hong Kong		—			19,000		—		19,000
India		40,847			13,818,424		—		13,859,271
Indonesia		—			1,829,525		—		1,829,525
Malaysia		—			3,293,159		—		3,293,159
Mexico		2,783,757			—		—		2,783,757
Philippines		—			1,310,933		—		1,310,933
Poland		—			1,281,448		—		1,281,448
Qatar		—			224,817		—		224,817
Russia		1,360,257			132,956		—		1,493,213
Saudi Arabia		—			122,637		—		122,637
South Africa		863,653			3,954,990		—		4,818,643
South Korea		—			16,674,969		—		16,674,969
Taiwan		—			27,732,935		—		27,732,935
Thailand		4,109,436			—		—		4,109,436
Turkey		—			1,253,376		—		1,253,376
United Arab Emirates		—			30,492		—		30,492
Preferred Stocks
Brazil		1,024,920			—		—		1,024,920
Colombia		52,629			—		—		52,629
Rights/Warrants
Taiwan		—			872		—		872
Securities Lending Collateral		—			501,100		—		501,100
Futures Contracts**		(277,890	)		—		—		(277,890	)
TOTAL	$	18,732,782		$	102,516,768		—	$	121,249,550

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

See accompanying Notes to Financial Statements.

66

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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

	Large Cap International Portfolio*			International Core Equity Portfolio*			Global Small Company Portfolio			International Small Company Portfolio
ASSETS:
Investments in Affiliated Investment Companies at Value		—			—		$	38,563		$	9,806,410
Investment Securities at Value (including $284,331, $1,603,562, $0 and $0 of securities on loan, respectively)	$	4,642,612		$	23,097,100			—			—
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $255,104, $1,338,338, $0 and $0, respectively)		255,153			1,338,595			—			—
Segregated Cash for Futures Contracts		6,960			31,188			—			7,200
Foreign Currencies at Value		38,532			201,747			—			—
Cash		49,119			123,752			28			81,128
Receivables:
Investment Securities Sold		6,332			78,832			—			—
Dividends, Interest and Tax Reclaims		22,781			124,247			—			—
Securities Lending Income		326			2,785			—			—
Fund Shares Sold		3,554			33,760			94			12,740
Futures Margin Variation		—			—			—			1,888
Unrealized Gain on Foreign Currency Contracts		11			48			—			—
Prepaid Expenses and Other Assets		42			213			14			90
Total Assets		5,025,422			25,032,267			38,699			9,909,456
LIABILITIES:
Payables:
Upon Return of Securities Loaned		255,169			1,338,602			—			—
Investment Securities Purchased		166			1,681			—			—
Fund Shares Redeemed		11,642			60,112			331			10,769
Due to Advisor		671			4,991			1			2,902
Futures Margin Variation		1,120			6,363			—			—
Unrealized Loss on Foreign Currency Contracts		—			123			—			—
Accrued Expenses and Other Liabilities		523			2,558			17			675
Total Liabilities		269,291			1,414,430			349			14,346
NET ASSETS	$	4,756,131		$	23,617,837		$	38,350		$	9,895,110
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $4,756,131; $23,617,837; $38,350 and $9,895,110 and shares outstanding of 248,221,815, 2,174,698,944, 4,267,144 and 673,642,306, respectively	$	19.16		$	10.86		$	8.99		$	14.69
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	$	—		$	—		$	45,187			N/A
Investment Securities at Cost	$	4,585,827		$	25,542,308			N/A			N/A
Foreign Currencies at Cost	$	37,530		$	198,617		$	—		$	—
NET ASSETS CONSIST OF:
Paid-In Capital	$	5,005,828		$	26,867,826		$	44,843		$	11,396,770
Total Distributable Earnings (Loss)		(249,697	)		(3,249,989	)		(6,493	)		(1,501,660	)
NET ASSETS	$	4,756,131		$	23,617,837		$	38,350		$	9,895,110

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

See accompanying Notes to Financial Statements.

67

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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

	Japanese Small Company Portfolio			Asia Pacific Small Company Portfolio			United Kingdom Small Company Portfolio			Continental Small Company Portfolio
ASSETS:
Investments in Affiliated Investment Companies at Value	$	503,309		$	296,611		$	17,937		$	480,072
Receivables:
Fund Shares Sold		19			—			—			39
Prepaid Expenses and Other Assets		14			12			11			20
Total Assets		503,342			296,623			17,948			480,131
LIABILITIES:
Payables:
Fund Shares Redeemed		4			12			—			85
Due to Advisor		143			80			2			136
Accrued Expenses and Other Liabilities		36			27			22			35
Total Liabilities		183			119			24			256
NET ASSETS	$	503,159		$	296,504		$	17,924		$	479,875
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $503,159; $296,504; $17,924 and $479,875 and shares outstanding of 24,443,668, 17,960,262, 902,832 and 23,079,255, respectively	$	20.58		$	16.51		$	19.85		$	20.79
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	$	519,970		$	395,283		$	21,582		$	554,752
Total Distributable Earnings (Loss)		(16,811	)		(98,779	)		(3,658	)		(74,877	)
NET ASSETS	$	503,159		$	296,504		$	17,924		$	479,875

See accompanying Notes to Financial Statements.

68

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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

	DFA International Real Estate Securities Portfolio*			DFA Global Real Estate Securities Portfolio*			DFA International Small Cap Value Portfolio*			International Vector Equity Portfolio*
ASSETS:
Investments in Affiliated Investment Companies at Value		—		$	3,299,142			—			—
Investment Securities at Value (including $203,445, $80,978, $505,309 and $218,861 of securities on loan, respectively)	$	4,487,247			3,840,573		$	9,616,737		$	2,590,815
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $192,302, $83,636, $448,769 and $182,571, respectively)		192,347			83,654			448,846			182,605
Segregated Cash for Futures Contracts		6,816			—			10,068			—
Foreign Currencies at Value		18,673			—			135,387			1,410
Cash		60,162			4,612			25,299			34
Receivables:
Investment Securities Sold		18,354			—			15,054			15,755
Dividends, Interest and Tax Reclaims		29,709			2,387			77,732			15,707
Securities Lending Income		745			62			1,309			396
Fund Shares Sold		19,816			8,809			11,103			5,200
Futures Margin Variation		—			—			1,701			—
Unrealized Gain on Foreign Currency Contracts		—			—			—			13
Prepaid Expenses and Other Assets		33			82			77			68
Total Assets		4,833,902			7,239,321			10,343,313			2,812,003
LIABILITIES:
Payables:
Upon Return of Securities Loaned		192,377			83,695			448,800			182,584
Investment Securities Purchased		11,261			—			5,283			205
Fund Shares Redeemed		5,429			10,468			64,804			5,415
Due to Advisor		863			660			4,546			868
Line of Credit		—			—			—			9,590
Futures Margin Variation		1,096			—			—			—
Unrealized Loss on Foreign Currency Contracts		5			—			33			113
Accrued Expenses and Other Liabilities		522			238			1,582			314
Total Liabilities		211,553			95,061			525,048			199,089
NET ASSETS	$	4,622,349		$	7,144,260		$	9,818,265		$	2,612,914
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $4,622,349; $7,144,260; $9,818,265 and $2,612,914 and shares outstanding of 1,294,105,989, 765,476,057, 687,813,669 and 279,000,014, respectively	$	3.57		$	9.33		$	14.27		$	9.37
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	$	—		$	3,784,479		$	—		$	—
Investment Securities at Cost	$	5,276,486		$	3,855,618		$	11,681,955		$	2,815,308
Foreign Currencies at Cost	$	18,497		$	—		$	133,894		$	1,398
NET ASSETS CONSIST OF:
Paid-In Capital	$	6,730,774		$	7,646,769		$	12,244,553		$	2,898,751
Total Distributable Earnings (Loss)		(2,108,425	)		(502,509	)		(2,426,288	)		(285,837	)
NET ASSETS	$	4,622,349		$	7,144,260		$	9,818,265		$	2,612,914

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

See accompanying Notes to Financial Statements.

69

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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

	International High Relative Profitability Portfolio*			World ex U.S. Value Portfolio			World ex U.S. Core Equity Portfolio*
ASSETS:
Investments in Affiliated Investment Companies at Value		—		$	211,905			—
Investment Securities at Value (including $71,434, $0 and $188,772 of securities on loan, respectively)	$	912,417			—		$	3,092,365
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $48,926, $0 and $143,181, respectively)		48,935			—			143,214
Segregated Cash for Futures Contracts		1,488			—			2,880
Foreign Currencies at Value		349			—			30,139
Cash		42,223			101			4,696
Receivables:
Investment Securities Sold		—			—			7,589
Dividends, Interest and Tax Reclaims		2,741			—			13,442
Securities Lending Income		37			—			333
Fund Shares Sold		5,453			2			4,133
Futures Margin Variation		1,036			—			—
Unrealized Gain on Foreign Currency Contracts		19			—			7
Prepaid Expenses and Other Assets		63			14			87
Total Assets		1,014,761			212,022			3,298,885
LIABILITIES:
Payables:
Upon Return of Securities Loaned		48,931			—			143,218
Investment Securities Purchased		24,139			—			181
Fund Shares Redeemed		4,967			992			6,398
Due to Advisor		167			74			719
Futures Margin Variation		—			—			463
Unrealized Loss on Foreign Currency Contracts		24			—			—
Accrued Expenses and Other Liabilities		79			19			530
Total Liabilities		78,307			1,085			151,509
NET ASSETS	$	936,454		$	210,937		$	3,147,376
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $936,454; $210,937 and $3,147,376 and shares outstanding of 98,442,538, 25,092,791 and 340,288,542, respectively	$	9.51		$	8.41		$	9.25
NUMBER OF SHARES AUTHORIZED		500,000,000			1,000,000,000			1,500,000,000
Investments in Affiliated Investment Companies at Cost	$	—		$	263,331		$	—
Investment Securities at Cost	$	946,892			N/A		$	3,551,671
Foreign Currencies at Cost	$	346		$	—		$	29,994
NET ASSETS CONSIST OF:
Paid-In Capital	$	979,094		$	270,021		$	3,655,735
Total Distributable Earnings (Loss)		(42,640	)		(59,084	)		(508,359	)
NET ASSETS	$	936,454		$	210,937		$	3,147,376

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

See accompanying Notes to Financial Statements.

70

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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

	World Core Equity Portfolio		Selectively Hedged Global Equity Portfolio		Emerging Markets Portfolio		Emerging Markets Small Cap Portfolio
ASSETS:
Investments in Affiliated Investment Companies at Value	$	787,303	$	291,097	$	5,272,327	$	4,747,313
Temporary Cash Investments at Value & Cost		178		—		—		—
Segregated Cash for Futures Contracts		—		312		—		—
Cash		—		3,108		—		—
Receivables:
Investment Securities/Affiliated Investment Companies Sold		—		780		—		—
Fund Shares Sold		111		590		6,518		2,384
Unrealized Gain on Forward Currency Contracts		—		76		—		—
Prepaid Expenses and Other Assets		22		15		68		43
Total Assets		787,614		295,978		5,278,913		4,749,740
LIABILITIES:
Payables:
Fund Shares Redeemed		1,337		436		9,015		48,678
Due to Advisor		36		8		1,108		1,491
Futures Margin Variation		—		50		—		—
Unrealized Loss on Forward Currency Contracts		—		296		—		—
Accrued Expenses and Other Liabilities		34		32		255		273
Total Liabilities		1,407		822		10,378		50,442
NET ASSETS	$	786,207	$	295,156	$	5,268,535	$	4,699,298
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $786,207; $295,156; $5,268,535 and $4,699,298 and shares outstanding of 54,825,612, 20,778,194, 224,565,042 and 289,035,916, respectively	$	14.34	$	14.21	$	23.46	$	16.23
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	$	773,894	$	262,520		N/A		N/A
NET ASSETS CONSIST OF:
Paid-In Capital	$	785,058	$	268,792	$	4,564,056	$	5,826,999
Total Distributable Earnings (Loss)		1,149		26,364		704,479		(1,127,701	)
NET ASSETS	$	786,207	$	295,156	$	5,268,535	$	4,699,298

See accompanying Notes to Financial Statements.

71

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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

	Emerging Markets Value Portfolio			Emerging Markets Core Equity Portfolio*			Emerging Markets Targeted Value Portfolio*
ASSETS:
Investments in Affiliated Investment Companies at Value	$	13,239,874			—			—
Investment Securities at Value (including $0, $977,158 and $2,132 of securities on loan, respectively)		—		$	21,698,117		$	121,026
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $0, $441,012 and $501, respectively)		—			441,124			501
Segregated Cash for Futures Contracts		—			30,107			1,428
Foreign Currencies at Value		—			174,998			1,320
Cash		—			187,632			29,153
Receivables:
Investment Securities/Affiliated Investment Companies Sold		—			48,366			1,837
Dividends and Interest		—			33,075			112
Securities Lending Income		—			2,600			6
Fund Shares Sold		10,817			29,869			440
Unrealized Gain on Foreign Currency Contracts		—			6			—
Prepaid Expenses and Other Assets		73			180			29
Total Assets		13,250,764			22,646,074			155,852
LIABILITIES:
Payables:
Upon Return of Securities Loaned		—			441,098			501
Investment Securities/Affiliated Investment Companies Purchased		—			21,472			12,331
Fund Shares Redeemed		105,906			71,448			2,104
Due to Advisor		3,636			7,273			58
Futures Margin Variation		—			9,563			1,744
Accrued Expenses and Other Liabilities		871			5,058			88
Total Liabilities		110,413			555,912			16,826
NET ASSETS	$	13,140,351		$	22,090,162		$	139,026
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Class R2 Shares — based on net assets of $22,686; $0 and $0 and shares outstanding of 1,045,798, 0 and 0, respectively	$	21.69			N/A			N/A
NUMBER OF SHARES AUTHORIZED		200,000,000			N/A			N/A
Institutional Class Shares — based on net assets of $13,117,665; $22,090,162 and $139,026 and shares outstanding of 600,341,371, 1,279,862,718 and 17,116,788, respectively	$	21.85		$	17.26		$	8.12
NUMBER OF SHARES AUTHORIZED		3,000,000,000			5,000,000,000			500,000,000
Investment Securities at Cost		N/A		$	22,044,285		$	140,670
Foreign Currencies at Cost	$	—		$	174,382		$	1,320
NET ASSETS CONSIST OF:
Paid-In Capital	$	17,133,978		$	24,770,164		$	160,593
Total Distributable Earnings (Loss)		(3,993,627	)		(2,680,002	)		(21,567	)
NET ASSETS	$	13,140,351		$	22,090,162		$	139,026

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

See accompanying Notes to Financial Statements.

72

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)

	Large Cap International Portfolio#			International Core Equity Portfolio#			Global Small Company Portfolio*			International Small Company Portfolio*
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies Dividends (Net of Foreign Taxes Withheld of $0, $0, $18 and $11,776, respectively)		—			—		$	183		$	127,623
Income from Securities Lending		—			—			23			11,114
Expenses Allocated from Affiliated Investment Companies		—			—			(14	)		(6,934	)
Income Distributions Received from Affiliated Investment Companies		—			—			127			—
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		—			—			319			131,803
Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $6,699, $33,756, $0 and $0, respectively)	$	63,909		$	340,489			—			—
Income from Securities Lending		1,281			14,026			—			—
Total Fund Investment Income.		65,190			354,515			—			—
Fund Expenses
Investment Management Fees		4,977			37,256			87			23,434
Accounting & Transfer Agent Fees		446			2,583			10			793
Custodian Fees		164			945			1			2
Filing Fees		92			513			12			87
Shareholders’ Reports		103			374			4			262
Directors’/Trustees’ Fees & Expenses		13			76			—			32
Professional Fees		42			241			—			19
Other		50			308			1			(47	)
Total Fund Expenses		5,887			42,296			115			24,582
Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		—			438			(72	)		—
Fees Paid Indirectly (Note C)		(159	)		(346	)		—			—
Net Expenses		5,728			42,388			43			24,582
Net Investment Income (Loss)		59,462			312,127			276			107,221
Realized and Unrealized Gain (Loss)
Capital Gain Distributions Received from Investment Securities		—			—			535			—
Net Realized Gain (Loss) on:
Investment Securities Sold**		(203,690	)		(313,749	)		—			—
Affiliated Investment Companies Shares Sold		(85	)		(212	)		(267	)		—
Transactions Allocated from Affiliated Investment Company**		—			—			(330	)		(102,924	)
Futures		3,794			9,948			18			(2,459	)
Foreign Currency Transactions		1,086			(1,295	)		—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(752,951	)		(5,291,197	)		4,792			—
Affiliated Investment Companies Shares		35			123			(8,886	)		—
Transactions Allocated from Affiliated Investment Company		—			—			(2,547	)		(2,092,848	)
Futures		4,261			29,134			—			3,510
Translation of Foreign Currency-Denominated Amounts		53			128			—			—
Net Realized and Unrealized Gain (Loss)		(947,497	)		(5,567,120	)		(6,685	)		(2,194,721	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(888,035	)	$	(5,254,993	)	$	(6,409	)	$	(2,087,500	)

** 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.

73

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)

	Japanese Small Company Portfolio*			Asia Pacific Small Company Portfolio*			United Kingdom Small Company Portfolio*			Continental Small Company Portfolio*
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies
Dividends (Net of Foreign Taxes Withheld of $826, $82, $2 and $617, respectively)	$	7,443		$	3,951		$	344		$	3,827
Income from Securities Lending		437			452			4			702
Expenses Allocated from Affiliated Investment Companies		(324	)		(187	)		(13	)		(360	)
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		7,556			4,216			335			4,169
Fund Expenses
Investment Management Fees		1,336			739			56			1,500
Accounting & Transfer Agent Fees		56			37			8			68
Filing Fees		12			10			9			18
Shareholders’ Reports		7			5			4			8
Directors’/Trustees’ Fees & Expenses		2			1			—			2
Professional Fees		—			—			2			1
Other		(2	)		(1	)		��			(2	)
Total Fund Expenses		1,411			791			79			1,595
Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		(272	)		(150	)		(26	)		(305	)
Net Expenses		1,139			641			53			1,290
Net Investment Income (Loss)		6,417			3,575			282			2,879
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Transactions Allocated from Affiliated Investment Company**		3,391			(3,037	)		120			(4,648	)
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		(81,269	)		(54,661	)		(5,019	)		(118,454	)
Net Realized and Unrealized Gain (Loss)		(77,878	)		(57,698	)		(4,899	)		(123,102	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(71,461	)	$	(54,123	)	$	(4,617	)	$	(120,223	)

** 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.

74

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(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		—		$	393,415			—			—
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		—			393,415			—			—
Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $15,032, $0, $13,557 and $3,508, respectively)	$	112,992			84,245		$	169,898		$	34,136
Income from Securities Lending		2,280			392			8,450			1,772
Total Fund Investment Income		115,272			84,637			178,348			35,908
Fund Expenses
Investment Management Fees		6,922			8,439			38,487			5,736
Accounting & Transfer Agent Fees		365			569			1,118			279
Custodian Fees		212			16			577			152
Filing Fees		35			118			125			62
Shareholders’ Reports		80			213			259			59
Directors’/Trustees’ Fees & Expenses		15			22			34			7
Professional Fees		50			24			110			24
Other		29			(20	)		159			39
Total Fund Expenses		7,708			9,381			40,869			6,358
Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		—			(4,317	)		—			—
Fees Paid Indirectly (Note C)		(255	)		—			(670	)		(74	)
Net Expenses		7,453			5,064			40,199			6,284
Net Investment Income (Loss)		107,819			472,988			138,149			29,624
Realized and Unrealized Gain (Loss)
Capital Gain Distributions Received from Investment Securities		—			1,750			—			—
Net Realized Gain (Loss) on:
Investment Securities Sold**		(29,028	)		64			(274,629	)		(27,155	)
Affiliated Investment Companies Shares Sold		(48	)		28,715			(8	)		(13	)
Futures		(8,521	)		—			6,266			(11,375	)
Foreign Currency Transactions		(1,191	)		—			(1,171	)		5
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(1,805,520	)		(907,120	)		(2,553,137	)		(468,464	)
Affiliated Investment Companies Shares		28			(1,582,969	)		(3	)		21
Futures		18,327			—			6,261			—
Translation of Foreign Currency-Denominated Amounts		825			—			(840	)		31
Net Realized and Unrealized Gain (Loss)		(1,825,128	)		(2,459,560	)		(2,817,261	)		(506,950	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(1,717,309	)	$	(1,986,572	)	$	(2,679,112	)	$	(477,326	)

** 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.

75

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(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, $363 and $0, respectively)		—		$	3,210			—
Income from Securities Lending		—			59			—
Expenses Allocated from Affiliated Investment Companies		—			(228	)		—
Income Distributions Received from Affiliated Investment Companies		—			394			—
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		—			3,435			—
Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $906, $0 and $4,234, respectively)	$	8,542			—		$	39,928
Income from Securities Lending		138			—			1,611
Total Fund Investment Income		8,680			—			41,539
Fund Expenses
Investment Management Fees		903			617			5,524
Accounting & Transfer Agent Fees		82			17			344
Custodian Fees		43			—			332
Filing Fees		84			17			98
Shareholders’ Reports		16			6			69
Directors’/Trustees’ Fees & Expenses		2			1			9
Professional Fees		4			2			44
Other		4			1			45
Total Fund Expenses		1,138			661			6,465
Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		25			(178	)		—
Fees Paid Indirectly (Note C)		(45	)		—			(52	)
Net Expenses		1,118			483			6,413
Net Investment Income (Loss)		7,562			2,952			35,126
Realized and Unrealized Gain (Loss)
Capital Gain Distributions Received from Investment Securities		—			440			—
Net Realized Gain (Loss) on:
Investment Securities Sold**		(976	)		—			(34,085	)
Affiliated Investment Companies Shares Sold		(4	)		(985	)		(26	)
Transactions Allocated from Affiliated Investment Company**		—			(6,089	)		—
Futures		1,920			99			7,383
Foreign Currency Transactions		16			—			130
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(69,700	)		(196	)		(639,509	)
Affiliated Investment Companies Shares		7			(5,416	)		21
Transactions Allocated from Affiliated Investment Company		—			(56,877	)		—
Futures		(44	)		—			1,626
Translation of Foreign Currency-Denominated Amounts		18			—			(50	)
Net Realized and Unrealized Gain (Loss)		(68,763	)		(69,024	)		(664,510	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(61,201	)	$	(66,072	)	$	(629,384	)

** Net of foreign capital gain taxes withheld 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).

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

76

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(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, $7,025 and $5,494, respectively)		—		$	34		$	51,534		$	49,420
Interest		—			—			52			87
Income from Securities Lending		—			—			1,860			14,438
Expenses Allocated from Affiliated Investment Companies		—			—			(3,763	)		(7,356	)
Income Distributions Received from Affiliated Investment Companies	$	7,416			2,907			—			—
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		7,416			2,941			49,683			56,589
Fund Expenses
Investment Management Fees		1,235			517			11,429			18,839
Accounting & Transfer Agent Fees		63			42			281			355
Custodian Fees		—			2			—			—
Filing Fees		29			14			40			35
Shareholders’ Reports		9			9			120			100
Directors’/Trustees’ Fees & Expenses		2			1			15			16
Professional Fees		2			1			6			7
Other		—			(1	)		(27	)		(25	)
Total Fund Expenses		1,340			585			11,864			19,327
Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		(1,090	)		(394	)		(2,823	)		(5,924	)
Net Expenses		250			191			9,041			13,403
Net Investment Income (Loss)		7,166			2,750			40,642			43,186
Realized and Unrealized Gain (Loss)
Capital Gain Distributions Received from Affiliated Investment Companies		8,146			4,098			—			—
Net Realized Gain (Loss) on:
Affiliated Investment Companies Shares Sold		(8,872	)		(3,752	)		—			—
Transactions Allocated from Affiliated Investment Company**		—			—			(45,938	)		(263,958	)
Futures		(122	)		(474	)		—			—
Forward Currency Contracts		—			1,631			—			—
Change in Unrealized Appreciation (Depreciation) of:
Affiliated Investment Companies Shares		(106,653	)		(49,454	)		—			—
Transactions Allocated from Affiliated Investment Company		—			—			(788,098	)		(898,914	)
Futures		—			328			—			—
Forward Currency Contracts		—			264			—			—
Net Realized and Unrealized Gain (Loss)		(107,501	)		(47,359	)		(834,036	)		(1,162,872	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(100,335	)	$	(44,609	)	$	(793,394	)	$	(1,119,686	)

** 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.

77

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(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 $22,419, $0 and $0, respectively)	$	157,570			—			—
Interest		132			—			—
Income from Securities Lending		5,068			—			—
Expenses Allocated from Affiliated Investment Companies		(11,089	)		—			—
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		151,681			—			—
Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $0, $32,988 and $120, respectively)		—		$	246,435		$	1,032
Income from Securities Lending		—			18,489			26
Total Fund Investment Income		—			264,924			1,058
Fund Expenses
Investment Management Fees		38,341			61,137			391
Accounting & Transfer Agent Fees		630			2,222			19
Custodian Fees		—			3,995			34
Shareholder Servicing Fees
Class R2 Shares		33			—			—
Filing Fees		152			340			31
Shareholders’ Reports		193			440			13
Directors’/Trustees’ Fees & Expenses		43			71			—
Professional Fees		26			266			6
Organizational & Offering Costs		—			—			3
Other		(64	)		311			2
Total Fund Expenses		39,354			68,782			499
Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		—			—			(14	)
Class R2 Shares		(13	)		—			—
Institutional Class Shares		(7,880	)		—			—
Fees Paid Indirectly (Note C)		—			(880	)		(5	)
Net Expenses		31,461			67,902			480
Net Investment Income (Loss)		120,220			197,022			578
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		—			(1,216,431	)		(1,381	)
Affiliated Investment Companies Shares Sold		—			(12	)		—
Transactions Allocated from Affiliated Investment Company**		(471,449	)		—			—
Futures		—			14,395			(258	)
Foreign Currency Transactions		—			(20,406	)		(42	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		—			(3,563,614	)		(19,423	)
Affiliated Investment Companies Shares		—			20			—
Transactions Allocated from Affiliated Investment Company		(2,891,267	)		—			—
Futures		—			5,813			(278	)
Translation of Foreign Currency-Denominated Amounts		—			(2,601	)		1
Net Realized and Unrealized Gain (Loss)		(3,362,716	)		(4,782,836	)		(21,381	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(3,242,496	)	$	(4,585,814	)	$	(20,803	)

** Net of foreign capital gain taxes withheld 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).

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

78

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***
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	59,462		$	161,397		$	312,127		$	913,682		$	276		$	596
Capital Gain Distributions Received from Investment Securities		—			—			—			—			535			587
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		(203,690	)		(116,656	)		(313,749	)		(348,700	)		—			—
Affiliated Investment Companies Shares Sold		(85	)		(11	)		(212	)		(2	)		(267	)		(342	)
Transactions Allocated from Affiliated Investment Company*,**		—			—			—			—			(330	)		(416	)
Futures		3,794			815			9,948			12,437			18			7
Foreign Currency Transactions		1,086			(892	)		(1,295	)		(5,912	)		—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(752,951	)		461,700			(5,291,197	)		1,567,492			4,792			(357	)
Affiliated Investment Companies Shares		35			25			123			111			(8,886	)		271
Transactions Allocated from Affiliated Investment Company		—			—			—			—			(2,547	)		1,280
Futures		4,261			3,123			29,134			13,424			—			—
Translation of Foreign Currency-Denominated Amounts		53			193			128			1,383			—			—
Net Increase (Decrease) in Net Assets Resulting from Operations		(888,035	)		509,694			(5,254,993	)		2,153,915			(6,409	)		1,626
Distributions:
Institutional Class Shares		(55,668	)		(155,698	)		(293,468	)		(907,539	)		(627	)		(308	)
Capital Share Transactions (1):
Shares Issued		1,549,157			1,454,715			5,635,900			8,662,646			11,186			16,512
Shares Issued in Lieu of Cash Distributions		51,090			138,823			280,485			864,811			627			308
Shares Redeemed		(1,256,888	)		(1,178,465	)		(7,309,514	)		(7,388,995	)		(7,713	)		(8,232	)
Net Increase (Decrease) from Capital Share Transactions		343,359			415,073			(1,393,129	)		2,138,462			4,100			8,588
Total Increase (Decrease) in Net Assets		(600,344	)		769,069			(6,941,590	)		3,384,838			(2,936	)		9,906
Net Assets
Beginning of Period		5,356,475			4,587,406			30,559,427			27,174,589			41,286			31,380
End of Period	$	4,756,131		$	5,356,475		$	23,617,837		$	30,559,427		$	38,350		$	41,286
(1) Shares Issued and Redeemed:
Shares Issued		76,295			68,558			508,411			693,417			1,268			1,564
Shares Issued in Lieu of Cash Distributions		2,427			6,394			21,687			68,976			54			31
Shares Redeemed		(65,676	)		(55,298	)		(672,632	)		(593,959	)		(783	)		(793	)
Net Increase (Decrease) from Shares Issued and Redeemed		13,046			19,654			(142,534	)		168,434			539			802

* Net of foreign capital gain taxes withheld for the period ended April 30, 2020 of $0, $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2019 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.

79

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***
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	107,221		$	300,037		$	6,417		$	11,135		$	3,575		$	12,680
Net Realized Gain (Loss) on:
Transactions Allocated from Affiliated Investment Company*,**		(102,924	)		313,315			3,391			10,446			(3,037	)		5,261
Futures		(2,459	)		(626	)		—			—			—			—
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		(2,092,848	)		135,389			(81,269	)		2,052			(54,661	)		(501	)
Futures		3,510			7,881			—			—			—			—
Net Increase (Decrease) in Net Assets Resulting from Operations		(2,087,500	)		755,996			(71,461	)		23,633			(54,123	)		17,440
Distributions:
Institutional Class Shares		(479,962	)		(857,472	)		(23,244	)		(39,387	)		(14,178	)		(11,260	)
Capital Share Transactions (1):
Shares Issued		1,814,302			2,921,274			54,105			72,402			50,169			38,624
Shares Issued in Lieu of Cash Distributions		462,717			824,335			23,242			36,290			14,174			10,374
Shares Redeemed		(2,564,557	)		(3,550,227	)		(119,551	)		(75,520	)		(40,187	)		(60,864	)
Net Increase (Decrease) from Capital Share Transactions		(287,538	)		195,382			(42,204	)		33,172			24,156			(11,866	)
Total Increase (Decrease) in Net Assets		(2,855,000	)		93,906			(136,909	)		17,418			(44,145	)		(5,686	)
Net Assets
Beginning of Period		12,750,110			12,656,204			640,068			622,650			340,649			346,335
End of Period	$	9,895,110		$	12,750,110		$	503,159		$	640,068		$	296,504		$	340,649
(1) Shares Issued and Redeemed:
Shares Issued		120,670			170,065			2,829			3,098			3,208			1,859
Shares Issued in Lieu of Cash Distributions		24,771			51,059			928			1,637			681			522
Shares Redeemed		(172,075	)		(206,414	)		(5,027	)		(3,248	)		(2,064	)		(2,869	)
Net Increase (Decrease) from Shares Issued and Redeemed		(26,634	)		14,710			(1,270	)		1,487			1,825			(488	)

* Net of foreign capital gain taxes withheld for the period ended April 30, 2020 of $0, $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2019 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.

80

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
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	282		$	866		$	2,879		$	14,356		$	107,819		$	228,481
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		—			—			—			—			(29,028	)		(121,318	)
Affiliated Investment Companies Shares Sold		—			—			—			—			(48	)		(4	)
Transactions Allocated from Affiliated Investment Company*,**		120			1,418			(4,648	)		(1,860	)		—			—
Futures		—			—			—			—			(8,521	)		1,553
Foreign Currency Transactions		—			—			—			—			(1,191	)		221
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		—			—			—			—			(1,805,520	)		1,036,222
Affiliated Investment Companies Shares		—			—			—			—			28			16
Transactions Allocated from Affiliated Investment Company		(5,019	)		(372	)		(118,454	)		38,034			—			—
Futures		—			—			—			—			18,327			1,373
Translation of Foreign Currency-Denominated Amounts		—			—			—			—			825			136
Net Increase (Decrease) in Net Assets Resulting from Operations		(4,617	)		1,912			(120,223	)		50,530			(1,717,309	)		1,146,680
Distributions:
Institutional Class Shares		(2,447	)		(1,977	)		(3,213	)		(33,215	)		(717,271	)		(302,662	)
Capital Share Transactions (1):
Shares Issued		3,084			2,122			70,908			117,898			859,999			913,489
Shares Issued in Lieu of Cash Distributions		2,447			1,763			3,202			31,461			707,587			297,390
Shares Redeemed		(7,083	)		(13,631	)		(127,904	)		(155,220	)		(808,620	)		(1,199,441	)
Net Increase (Decrease) from Capital Share Transactions		(1,552	)		(9,746	)		(53,794	)		(5,861	)		758,966			11,438
Total Increase (Decrease) in Net Assets		(8,616	)		(9,811	)		(177,230	)		11,454			(1,675,614	)		855,456
Net Assets
Beginning of Period		26,540			36,351			657,105			645,651			6,297,963			5,442,507
End of Period	$	17,924		$	26,540		$	479,875		$	657,105		$	4,622,349		$	6,297,963
(1) Shares Issued and Redeemed:
Shares Issued		133			82			2,828			5,188			215,854			182,042
Shares Issued in Lieu of Cash Distributions		88			75			122			1,395			144,701			64,510
Shares Redeemed		(271	)		(553	)		(6,320	)		(6,632	)		(189,780	)		(245,929	)
Net Increase (Decrease) from Shares Issued and Redeemed		(50	)		(396	)		(3,370	)		(49	)		170,775			623

* Net of foreign capital gain taxes withheld for the period ended April 30, 2020 of $0, $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2019 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.

81

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
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	472,988		$	243,121		$	138,149		$	325,454		$	29,624		$	72,736
Capital Gain Distributions Received from Investment Securities		1,750			—			—			—			—			—
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		64			73,513			(274,629	)		238,307			(27,155	)		(25,195	)
Affiliated Investment Companies Shares Sold		28,715			37,097			(8	)		—			(13	)		—
Futures		—			(135	)		6,266			1,976			(11,375	)		(2,728	)
Foreign Currency Transactions		—			—			(1,171	)		(1,093	)		5			(429	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(907,120	)		795,754			(2,553,137	)		(233,259	)		(468,464	)		93,366
Affiliated Investment Companies Shares		(1,582,969	)		641,678			(3	)		70			21			12
Futures		—			—			6,261			4,434			—			—
Translation of Foreign Currency-Denominated Amounts		—			—			(840	)		1,343			31			106
Net Increase (Decrease) in Net Assets Resulting from Operations		(1,986,572	)		1,791,028			(2,679,112	)		337,232			(477,326	)		137,868
Distributions:
Institutional Class Shares		(599,021	)		(351,905	)		(391,528	)		(776,069	)		(22,150	)		(147,900	)
Capital Share Transactions (1):
Shares Issued		1,453,050			1,973,793			1,897,334			3,086,382			1,467,441			1,111,287
Shares Issued in Lieu of Cash Distributions		567,176			335,724			351,119			699,165			21,040			140,703
Shares Redeemed		(1,559,384	)		(1,955,553	)		(2,787,632	)		(3,706,321	)		(954,225	)		(1,105,041	)
Net Increase (Decrease) from Capital Share Transactions		460,842			353,964			(539,179	)		79,226			534,256			146,949
Total Increase (Decrease) in Net Assets		(2,124,751	)		1,793,087			(3,609,819	)		(359,611	)		34,780			136,917
Net Assets
Beginning of Period		9,269,011			7,475,924			13,428,084			13,787,695			2,578,134			2,441,217
End of Period	$	7,144,260		$	9,269,011		$	9,818,265		$	13,428,084		$	2,612,914		$	2,578,134
(1) Shares Issued and Redeemed:
Shares Issued		142,846			173,132			131,706			174,997			161,837			101,269
Shares Issued in Lieu of Cash Distributions		49,884			32,690			18,212			41,425			1,731			13,131
Shares Redeemed		(156,742	)		(174,212	)		(184,811	)		(210,444	)		(106,472	)		(100,463	)
Net Increase (Decrease) from Shares Issued and Redeemed		35,988			31,610			(34,893	)		5,978			57,096			13,937

* Net of foreign capital gain taxes withheld for the period ended April 30, 2020 of $0, $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2019 of $0, $0 and $0, respectively.

See accompanying Notes to Financial Statements.

82

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***
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	7,562		$	11,989		$	2,952		$	8,768
Capital Gain Distributions Received from Investment Securities		—			—			440			766
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		(976	)		(10,724	)		—			—
Affiliated Investment Companies Shares Sold		(4	)		—			(985	)		(802	)
Transactions Allocated from Affiliated Investment Company*,**		—			—			(6,089	)		(1,780	)
Futures		1,920			155			99			(109	)
Foreign Currency Transactions		16			(32	)		—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(69,700	)		58,944			(196	)		384
Affiliated Investment Companies Shares		7			2			(5,416	)		95
Transactions Allocated from Affiliated Investment Company		—			—			(56,877	)		4,725
Futures		(44	)		—			—			—
Translation of Foreign Currency-Denominated Amounts		18			6			—			—
Net Increase (Decrease) in Net Assets Resulting from Operations		(61,201	)		60,340			(66,072	)		12,047
Distributions:
Institutional Class Shares		(5,618	)		(11,023	)		(2,762	)		(13,716	)
Capital Share Transactions (1):
Shares Issued		466,760			416,587			38,947			110,720
Shares Issued in Lieu of Cash Distributions		5,616			11,018			2,759			13,703
Shares Redeemed		(127,551	)		(85,342	)		(64,304	)		(61,053	)
Net Increase (Decrease) from Capital Share Transactions		344,825			342,263			(22,598	)		63,370
Total Increase (Decrease) in Net Assets		278,006			391,580			(91,432	)		61,701
Net Assets
Beginning of Period		658,448			266,868			302,369			240,668
End of Period	$	936,454		$	658,448		$	210,937		$	302,369
(1) Shares Issued and Redeemed:
Shares Issued		50,008			41,376			4,642			10,308
Shares Issued in Lieu of Cash Distributions		580			1,078			249			1,293
Shares Redeemed		(13,470	)		(8,617	)		(7,364	)		(5,597	)
Net Increase (Decrease) from Shares Issued and Redeemed		37,118			33,837			(2,473	)		6,004

* Net of foreign capital gain taxes withheld for the period ended April 30, 2020 of $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2019 of $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.

83

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	World ex U.S. Core Equity Portfolio						World Core Equity Portfolio						Selectively Hedged Global Equity Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	35,126		$	103,743		$	7,166		$	18,204		$	2,750		$	9,052
Capital Gain Distributions Received from Investment Securities		—			—			8,146			2,509			4,098			1,971
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		(34,085	)		(27,918	)		—			—			—			—
Affiliated Investment Companies Shares Sold		(26	)		—			(8,872	)		(5,618	)		(3,752	)		(4,770	)
Futures		7,383			(1,060	)		(122	)		(62	)		(474	)		(1,126	)
Foreign Currency Transactions		130			(4,961	)		—			—			—			—
Forward Currency Contracts		—			—			—			—			1,631			4,438
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(639,509	)		222,436			—			—			—			—
Affiliated Investment Companies Shares		21			10			(106,653	)		67,131			(49,454	)		27,375
Futures		1,626			—			—			—			328			1,674
Translation of Foreign Currency-Denominated Amounts		(50	)		116			—			—			—			—
Forward Currency Contracts		—			—			—			—			264			(2,086	)
Net Increase (Decrease) in Net Assets Resulting from Operations		(629,384	)		292,366			(100,335	)		82,164			(44,609	)		36,528
Distributions:
Institutional Class Shares		(32,315	)		(116,666	)		(8,691	)		(23,511	)		(9,635	)		(16,864	)
Capital Share Transactions (1):
Shares Issued		1,031,029			1,271,493			136,857			192,373			51,080			78,038
Shares Issued in Lieu of Cash Distributions		31,740			113,738			(129,502	)		23,302			9,598			16,808
Shares Redeemed		(973,007	)		(971,409	)		8,325			(136,287	)		(87,110	)		(141,873	)
Net Increase (Decrease) from Capital Share Transactions		89,762			413,822			15,680			79,388			(26,432	)		(47,027	)
Total Increase (Decrease) in Net Assets		(571,937	)		589,522			(93,346	)		138,041			(80,676	)		(27,363	)
Net Assets
Beginning of Period		3,719,313			3,129,791			879,553			741,512			375,832			403,195
End of Period	$	3,147,376		$	3,719,313		$	786,207		$	879,553		$	295,156		$	375,832
(1) Shares Issued and Redeemed:
Shares Issued		111,400			119,518			9,788			12,674			3,459			5,128
Shares Issued in Lieu of Cash Distributions		3,088			10,760			530			1,534			564			1,185
Shares Redeemed		(107,310	)		(91,013	)		(9,047	)		(8,795	)		(5,965	)		(9,256	)
Net Increase (Decrease) from Shares Issued and Redeemed		7,178			39,265			1,271			5,413			(1,942	)		(2,943	)

* Net of foreign capital gain taxes withheld for the period ended April 30, 2020 of $0, $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2019 of $0, $0 and $0, respectively.

See accompanying Notes to Financial Statements.

84

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	Emerging Markets Portfolio***						Emerging Markets Small Cap Portfolio***						Emerging Markets Value Portfolio***
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	40,642		$	156,390		$	43,186		$	161,559		$	120,220		$	442,266
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		—			(1	)		—			—			—			—
Transactions Allocated from Affiliated Investment Company*,**		(45,938	)		(72,191	)		(263,958	)		57,552			(471,449	)		(172,477	)
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		(788,098	)		516,007			(898,914	)		568,138			(2,891,267	)		477,901
Net Increase (Decrease) in Net Assets Resulting from Operations		(793,394	)		600,205			(1,119,686	)		787,249			(3,242,496	)		747,690
Distributions:
Class R2 Shares		—			—			—			—			(281	)		(687	)
Institutional Class Shares		(41,053	)		(145,647	)		(129,134	)		(327,074	)		(179,323	)		(458,693	)
Total Distributions		(41,053	)		(145,647	)		(129,133	)		(327,074	)		(179,604	)		(459,380	)
Capital Share Transactions (1):
Shares Issued		1,327,868			1,392,119			555,662			1,086,305			2,037,120			3,101,990
Shares Issued in Lieu of Cash Distributions		37,989			131,384			122,001			306,500			172,027			437,294
Shares Redeemed		(1,231,193	)		(1,403,931	)		(1,153,405	)		(1,733,527	)		(2,837,778	)		(3,093,072	)
Net Increase (Decrease) from Capital Share Transactions		134,664			119,572			(475,742	)		(340,722	)		(628,631	)		446,212
Total Increase (Decrease) in Net Assets		(699,783	)		574,130			(1,724,561	)		119,453			(4,050,731	)		734,522
Net Assets
Beginning of Period		5,968,318			5,394,188			6,423,859			6,304,406			17,191,082			16,456,560
End of Period	$	5,268,535		$	5,968,318		$	4,699,298		$	6,423,859		$	13,140,351		$	17,191,082
(1) Shares Issued and Redeemed:
Shares Issued		57,211			51,928			32,147			54,991			89,698			111,222
Shares Issued in Lieu of Cash Distributions		1,396			4,954			5,983			16,347			6,058			16,392
Shares Redeemed		(50,631	)		(52,162	)		(69,184	)		(88,031	)		(123,142	)		(112,571	)
Net Increase (Decrease) from Shares Issued and Redeemed		7,976			4,720			(31,054	)		(16,693	)		(27,386	)		15,043

* Net of foreign capital gain taxes withheld for the period ended April 30, 2020 of $0, $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2019 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.

85

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	Emerging Markets Core Equity Portfolio						Emerging Markets Targeted Value Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Period Nov 14, 2018  to Oct 31, 2019
	(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	197,022		$	723,412		$	578		$	2,379
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		(1,216,431	)		(319,383	)		(1,381	)		1,412
Affiliated Investment Companies Shares Sold		(12	)		(3	)		—			—
Futures		14,395			14,341			(258	)		35
Foreign Currency Transactions		(20,406	)		(779	)		(42	)		(33	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(3,563,614	)		2,502,146			(19,423	)		(221	)
Affiliated Investment Companies Shares		20			58			—			—
Futures		5,813			13,038			(278	)		—
Translation of Foreign Currency-Denominated Amounts		(2,601	)		433			1			1
Net Increase (Decrease) in Net Assets Resulting from Operations		(4,585,814	)		2,933,263			(20,803	)		3,573
Distributions:
Institutional Class Shares		(211,030	)		(730,829	)		(3,875	)		(64	)
Capital Share Transactions (1):
Shares Issued		4,033,512			6,077,361			93,171			128,579
Shares Issued in Lieu of Cash Distributions		199,618			690,137			3,875			64
Shares Redeemed		(5,968,734	)		(5,720,081	)		(47,702	)		(17,792	)
Net Increase (Decrease) from Capital Share Transactions		(1,735,604	)		1,047,417			49,344			110,851
Total Increase (Decrease) in Net Assets		(6,532,448	)		3,249,851			24,666			114,360
Net Assets
Beginning of Period		28,622,610			25,372,759			114,360			—
End of Period	$	22,090,162		$	28,622,610		$	139,026		$	114,360
(1) Shares Issued and Redeemed:
Shares Issued		220,313			303,000			11,415			12,691
Shares Issued in Lieu of Cash Distributions		10,178			34,717			366			6
Shares Redeemed		(340,676	)		(286,918	)		(5,632	)		(1,729	)
Net Increase (Decrease) from Shares Issued and Redeemed		(110,185	)		50,799			6,149			10,968

* Net of foreign capital gain taxes withheld for the period ended April 30, 2020 of $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2019 of $(1) and $0, respectively.

See accompanying Notes to Financial Statements.

86

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Large Cap International Portfolio																		International Core Equity Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	22.78		$	21.29		$	23.52		$	19.52		$	20.36		$	21.59		$	13.19		$	12.65		$	14.23		$	11.58		$	11.69		$	12.15
Income from Investment Operations (A)
Net Investment Income (Loss)		0.25			0.70			0.66			0.58			0.57			0.58			0.14			0.41			0.38			0.34			0.32			0.32
Net Gains (Losses) on Securities (Realized and Unrealized)		(3.63	)		1.47			(2.25	)		4.00			(0.86	)		(1.24	)		(2.34	)		0.53			(1.60	)		2.63			(0.15	)		(0.45	)
Total from Investment Operations		(3.38	)		2.17			(1.59	)		4.58			(0.29	)		(0.66	)		(2.20	)		0.94			(1.22	)		2.97			0.17			(0.13	)
Less Distributions:
Net Investment Income		(0.24	)		(0.68	)		(0.64	)		(0.58	)		(0.55	)		(0.57	)		(0.13	)		(0.40	)		(0.36	)		(0.32	)		(0.28	)		(0.33	)
Total Distributions		(0.24	)		(0.68	)		(0.64	)		(0.58	)		(0.55	)		(0.57	)		(0.13	)		(0.40	)		(0.36	)		(0.32	)		(0.28	)		(0.33	)
Net Asset Value, End of Period	$	19.16		$	22.78		$	21.29		$	23.52		$	19.52		$	20.36		$	10.86		$	13.19		$	12.65		$	14.23		$	11.58		$	11.69
Total Return		(14.95	%)(B)		10.38	%		(6.97	%)		23.79	%		(1.30	%)		(3.10	%)		(16.85	%)(B)		7.67	%		(8.79	%)		26.02	%		1.62	%		(1.10	%)
					��
Net Assets, End of Period (thousands)	$	4,756,131		$	5,356,475		$	4,587,406		$	4,723,090		$	3,527,775		$	3,150,334		$	23,617,837		$	30,559,427		$	27,174,589		$	25,443,968		$	16,983,011		$	14,420,568
Ratio of Expenses to Average Net Assets		0.22	%(C)		0.23	%		0.23	%		0.25	%		0.28	%		0.29	%		0.30	%(C)		0.29	%		0.30	%		0.30	%		0.38	%		0.38	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))		0.23	%(C)		0.24	%		0.23	%		0.25	%		0.28	%		0.29	%		0.30	%(C)		0.31	%		0.30	%		0.32	%		0.38	%		0.38	%
Ratio of Net Investment Income to Average Net Assets		2.32	%(C)		3.22	%		2.78	%		2.72	%		2.95	%		2.71	%		2.19	%(C)		3.21	%		2.67	%		2.62	%		2.83	%		2.63	%
Portfolio Turnover Rate		7	%(B)		7	%		8	%		10	%		10	%		10	%		2	%(B)		6	%		4	%		6	%		2	%		4	%

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

See accompanying Notes to Financial Statements.

87

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Global Small Company Portfolio												International Small Company Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Period Jan 18, 2017   to Oct 31, 2017			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)												(Unaudited)
Net Asset Value, Beginning of Period	$	11.07		$	10.73		$	11.53		$	10.00		$	18.21		$	18.46		$	21.52		$	17.78		$	17.78		$	18.24
Income from Investment Operations (A)
Net Investment Income (Loss)		0.07			0.18			0.19			0.14			0.15			0.43			0.46			0.41			0.43			0.41
Net Gains (Losses) on Securities (Realized and Unrealized)		(1.98	)		0.27			(0.75	)		1.39			(2.98	)		0.58			(2.41	)		4.13			0.48			0.12
Total from Investment Operations		(1.91	)		0.45			(0.56	)		1.53			(2.83	)		1.01			(1.95	)		4.54			0.91			0.53
Less Distributions:
Net Investment Income		(0.17	)		(0.11	)		(0.17	)		—			(0.29	)		(0.44	)		(0.44	)		(0.34	)		(0.51	)		(0.42	)
Net Realized Gains		—			—			(0.07	)		—			(0.40	)		(0.82	)		(0.67	)		(0.46	)		(0.40	)		(0.57	)
Total Distributions		(0.17	)		(0.11	)		(0.24	)		—			(0.69	)		(1.26	)		(1.11	)		(0.80	)		(0.91	)		(0.99	)
Net Asset Value, End of Period	$	8.99		$	11.07		$	10.73		$	11.53		$	14.69		$	18.21		$	18.46		$	21.52		$	17.78		$	17.78
Total Return		(17.59	%)(B)		4.29	%		(5.02	%)		15.30	%(B)		(16.35	%)(B)		6.44	%		(9.54	%)		26.54	%		5.43	%		3.30	%
Net Assets, End of Period (thousands)	$	38,350		$	41,286		$	31,380		$	15,021		$	9,895,110		$	12,750,110		$	12,656,204		$	13,490,290		$	10,387,361		$	9,323,492
Ratio of Expenses to Average Net Assets *(D)		0.48	%(C)		0.49	%		0.49	%		0.42	%(C)(E)		0.53	%(C)		0.54	%		0.53	%		0.53	%		0.53	%		0.54	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor) *(D)		0.85	%(C)		0.93	%		0.90	%		1.14	%(C)(E)		0.53	%(C)		0.54	%		0.53	%		0.53	%		0.53	%		0.54	%
Ratio of Net Investment Income to Average Net Assets		1.40	%(C)		1.69	%		1.58	%		1.74	%(C)(E)		1.80	%(C)		2.44	%		2.18	%		2.14	%		2.47	%		2.30	%
* 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:		0.19	%(C)		0.27	%		0.26	%		0.27	%		0.12	%(C)		0.12	%		0.12	%		0.12	%		0.13	%		0.12	%

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

See accompanying Notes to Financial Statements.

88

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Japanese Small Company Portfolio																		Asia Pacific Small Company Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	24.89		$	25.70		$	28.56		$	23.01		$	20.46		$	19.15		$	21.11		$	20.83		$	23.71		$	21.27		$	19.06		$	22.88
Income from Investment Operations (A)
Net Investment Income (Loss)		0.27			0.45			0.43			0.37			0.32			0.25			0.23			0.77			0.84			0.74			0.71			0.75
Net Gains (Losses) on Securities (Realized and Unrealized)		(3.59	)		0.37			(2.59	)		5.61			2.51			1.36			(3.87	)	��	0.19			(2.76	)		2.45			2.24			(3.51	)
Total from Investment Operations		(3.32	)		0.82			(2.16	)		5.98			2.83			1.61			(3.64	)		0.96			(1.92	)		3.19			2.95			(2.76	)
Less Distributions:
Net Investment Income		(0.61	)		(0.28	)		(0.70	)		(0.43	)		(0.28	)		(0.30	)		(0.96	)		(0.68	)		(0.96	)		(0.75	)		(0.74	)		(106	)
Net Realized Gains		(0.38	)		(1.35	)		—			—			—			—			—			—			—			—			—			—
Total Distributions		(0.99	)		(1.63	)		(0.70	)		(0.43	)		(0.28	)		(0.30	)		(0.96	)		(0.68	)		(0.96	)		(0.75	)		(0.74	)		(106	)
Net Asset Value, End of Period	$	20.58		$	24.89		$	25.70		$	28.56		$	23.01		$	20.46		$	16.51		$	21.11		$	20.83		$	23.71		$	21.27		$	19.06
Total Return		(14.05	%)(B)		4.01	%		(7.82	%)		26.56	%		14.04	%		8.62	%		(18.17	%)(B)		4.81	%		(8.51	%)		15.70	%		16.18	%		(12.19	%)
Net Assets, End of Period (thousands)	$	503,159		$	640,068		$	622,650		$	647,978		$	509,413		$	463,997		$	296,504		$	340,649		$	346,335		$	332,153		$	251,575		$	200,270
Ratio of Expenses to Average Net Assets (D)		0.54	%(C)		0.55	%		0.53	%		0.54	%		0.54	%		0.54	%		0.55	%(C)		0.57	%		0.54	%		0.54	%		0.54	%		0.55	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor) (D)		0.64	%(C)		0.65	%		0.63	%		0.64	%		0.64	%		0.57	%		0.65	%(C)		0.67	%		0.64	%		0.64	%		0.64	%		0.57	%
Ratio of Net Investment Income to Average Net Assets		2.36	%(C)		1.91	%		1.49	%		1.50	%		1.57	%		1.27	%		2.38	%(C)		3.65	%		3.57	%		3.41	%		3.57	%		3.67	%

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

See accompanying Notes to Financial Statements.

89

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	United Kingdom Small Company Portfolio																		Continental Small Company Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	27.85		$	26.95		$	32.67		$	27.21		$	35.50		$	35.92		$	24.84		$	24.37		$	28.24		$	21.48		$	20.74		$	19.34
Income from Investment Operations (A)
Net Investment Income (Loss)		0.31			0.76			0.85			0.87			1.18			1.06			0.11			0.55			0.61			0.45			0.43			0.43
Net Gains (Losses) on Securities (Realized and Unrealized)		(5.38	)		1.68			(3.65	)		6.67			(6.55	)		1.95			(4.03	)		1.23			(3.68	)		6.73			0.72			1.38
Total from Investment Operations		(5.07	)		2.44			(2.80	)		7.54			(5.37	)		3.01			(3.92	)		1.78			(3.07	)		7.18			1.15			1.81
Less Distributions:
Net Investment Income		(0.68	)		(0.47	)		(0.79	)		(0.93	)		(1.29	)		(1.05	)		(0.13	)		(0.51	)		(0.59	)		(0.42	)		(0.41	)		(0.41	)
Net Realized Gains		(2.25	)		(1.07	)		(2.13	)		(1.15	)		(1.63	)		(2.38	)		—			(0.80	)		(0.21	)		—			—			—
Total Distributions		(2.93	)		(1.54	)		(2.92	)		(2.08	)		(2.92	)		(3.43	)		(0.13	)		(1.31	)		(0.80	)		(0.42	)		(0.41	)		(0.41	)
Net Asset Value, End of Period	$	19.85		$	27.85		$	26.95		$	32.67		$	27.21		$	35.50		$	20.79		$	24.84		$	24.37		$	28.24		$	21.48		$	20.74
Total Return		(21.22	%)(B)		10.14	%		(9.34	%)		29.28	%		(16.20	%)		9.43	%��		(15.90	%)(B)		7.94	%		(11.14	%)		33.68	%		5.70	%		9.37	%
Net Assets, End of Period (thousands)	$	17,924		$	26,540		$	36,351		$	45,177		$	32,323		$	35,637		$	479,875		$	657,105		$	645,651		$	592,347		$	292,117		$	278,024
Ratio of Expenses to Average Net Assets (D)		0.58	%(C)		0.59	%		0.58	%		0.59	%		0.59	%		0.58	%		0.54	%(C)		0.56	%		0.54	%		0.56	%		0.54	%		0.55	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor) (D)		0.81	%(C)		0.82	%		0.68	%		0.71	%		0.71	%		0.62	%		0.64	%(C)		0.66	%		0.64	%		0.66	%		0.64	%		0.58	%
Ratio of Net Investment Income to Average Net Assets		2.49	%(C)		2.92	%		2.75	%		2.93	%		3.87	%		2.99	%		0.94	%(C)		2.30	%		2.16	%		1.78	%		2.08	%		2.09	%

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

See accompanying Notes to Financial Statements.

90

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
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	5.61		$	4.85		$	5.07		$	5.23		$	5.27		$	5.63		$	12.71		$	10.71		$	10.90		$	10.84		$	10.59		$	10.63
Income from Investment Operations (A)
Net Investment Income (Loss)		0.09			0.20			0.22			0.21			0.20			0.19			0.62			0.34	**		0.48			0.43			0.27			0.44
Net Gains (Losses) on Securities (Realized and Unrealized)		(1.49	)		0.83			(0.22	)		0.04			(0.15	)		(0.22	)		(3.18	)		2.16	**		(0.26	)		0.15			0.23			(0.09	)
Total from Investment Operations		(1.40	)		1.03			—			0.25			0.05			(0.03	)		(2.56	)		2.50			0.22			0.58			0.50			0.35
Less Distributions:
Net Investment Income		(0.64	)		(0.27	)		(0.22	)		(0.41	)		(0.09	)		(0.33	)		(0.70	)		(0.50	)		(0.34	)		(0.49	)		(0.25	)		(0.39	)
Net Realized Gains		—			—			—			—			—			—			(0.12	)		(—	)		(0.07	)		(0.03	)		—			—
Total Distributions		(0.64	)		(0.27	)		(0.22	)		(0.41	)		(0.09	)		(0.33	)		(0.82	)		(0.50	)		(0.41	)		(0.52	)		(0.25	)		(0.39	)
Net Asset Value, End of Period	$	3.57		$	5.61		$	4.85		$	5.07		$	5.23		$	5.27		$	9.33		$	12.71		$	10.71		$	10.90		$	10.84		$	10.59
Total Return		(28.01	%)(B)		22.54	%		(0.24	%)		5.46	%		1.05	%		(0.37	%)		(21.30	%)(B)		24.55	%		1.91	%		5.82	%		4.87	%		3.44	%
Net Assets, End of Period (thousands)	$	4,622,349		$	6,297,963		$	5,442,507		$	5,497,753		$	4,181,623		$	3,540,092		$	7,144,260		$	9,269,011		$	7,475,924		$	6,753,782		$	4,888,955		$	4,059,916
Ratio of Expenses to Average Net Assets *		0.27	%(C)		0.27	%		0.28	%		0.28	%		0.28	%		0.32	%		0.24	%(C)		0.24	%(F)		0.24	%(F)		0.24	%(F)		0.24	%(F)		0.27	%(F)
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly)) *		0.28	%(C)		0.28	%		0.28	%		0.28	%		0.28	%		0.32	%		0.34	%(C)		0.35	%(F)		0.35	%(F)		0.37	%(F)		0.38	%(F)		0.45	%(F)
Ratio of Net Investment Income to Average Net Assets		3.85	%(C)		4.01	%		4.27	%		4.19	%		3.71	%		3.64	%		11.21	%(C)		2.95	%**		4.42	%		4.03	%		2.45	%		4.16	%
Portfolio Turnover Rate		6	%(B)		8	%		5	%		1	%		1	%		2	%		0	%(B)		0	%		3	%		2	%		2	%		1	%
* 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			N/A			0.12	%(C)		0.13	%		0.13	%		0.15	%		0.16	%		0.22	%

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

See accompanying Notes to Financial Statements.

91

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	DFA International Small Cap Value Portfolio																		International Vector Equity Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	18.58		$	19.24		$	23.51		$	19.31		$	19.44		$	19.55		$	11.62		$	11.74		$	13.33		$	10.78		$	10.76		$	11.26
Income from Investment Operations (A)
Net Investment Income (Loss)		0.19			0.45			0.47			0.39			0.44			0.38			0.12			0.33			0.32			0.28			0.28			0.28
Net Gains (Losses) on Securities (Realized and Unrealized)		(3.95	)		(0.01	)		(3.44	)		4.72			0.29			0.22			(2.27	)		0.24			(1.56	)		2.57			0.05			(0.41	)
Total from Investment Operations		(3.76	)		0.44			(2.97	)		5.11			0.73			0.60			(2.15	)		0.57			(1.24	)		2.85			0.33			(0.13	)
Less Distributions:
Net Investment Income		(0.26	)		(0.48	)		(0.56	)		(0.29	)		(0.58	)		(0.37	)		(0.10	)		(0.34	)		(0.30	)		(0.28	)		(0.27	)		(0.27	)
Net Realized Gains		(0.29	)		(0.62	)		(0.74	)		(0.62	)		(0.28	)		(0.34	)		—			(0.35	)		(0.05	)		(0.02	)		(0.04	)		(0.10	)
Total Distributions		(0.55	)		(1.10	)		(1.30	)		(0.91	)		(0.86	)		(0.71	)		(0.10	)		(0.69	)		(0.35	)		(0.30	)		(0.31	)		(0.37	)
Net Asset Value, End of Period	$	14.27		$	18.58		$	19.24		$	23.51		$	19.31		$	19.44		$	9.37		$	11.62		$	11.74		$	13.33		$	10.78		$	10.76
Total Return		(21.00	%)(B)		2.94	%		(13.37	%)		27.49	%		4.09	%		3.31	%		(18.70	%)(B)		5.49	%		(9.52	%)		26.83	%		3.21	%		(1.14	%)
Net Assets, End of Period (thousands)	$	9,818,265		$	13,428,084		$	13,787,695		$	16,162,471		$	13,009,729		$	12,577,575		$	2,612,914		$	2,578,134		$	2,441,217		$	2,529,852		$	1,856,474		$	1,594,914
Ratio of Expenses to Average Net Assets		0.66	%(C)		0.68	%		0.68	%		0.68	%		0.68	%		0.69	%		0.48	%(C)		0.50	%		0.48	%		0.49	%		0.49	%		0.50	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))		0.68	%(C)		0.69	%		0.68	%		0.68	%		0.68	%		0.69	%		0.49	%(C)		0.50	%		0.48	%		0.49	%		0.49	%		0.50	%
Ratio of Net Investment Income to Average Net Assets		2.28	%(C)		2.48	%		2.10	%		1.85	%		2.38	%		1.94	%		2.27	%(C)		2.94	%		2.40	%		2.36	%		2.73	%		2.50	%
Portfolio Turnover Rate		6	%(B)		18	%		23	%		21	%		19	%		18	%		9	%(B)		17	%		12	%		5	%		4	%		8	%

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

See accompanying Notes to Financial Statements.

92

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
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Period May 16, 2017   to Oct 31, 2017			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)												(Unaudited)
Net Asset Value, Beginning of Period	$	10.74		$	9.71		$	10.68		$	10.00		$	10.97		$	11.16		$	12.71		$	10.31		$	10.28		$	11.43
Income from Investment Operations (A)
Net Investment Income (Loss)		0.11			0.27			0.26			0.08			0.11			0.35			0.34			0.31			0.31			0.30
Net Gains (Losses) on Securities (Realized and Unrealized)		(1.26	)		1.00			(1.01	)		0.66			(2.57	)		0.04			(1.48	)		2.33			0.03			(1.18	)
Total from Investment Operations		(1.15	)		1.27			(0.75	)		0.74			(2.46	)		0.39			(1.14	)		2.64			0.34			(0.88	)
Less Distributions:
Net Investment Income		(0.08	)		(0.24	)		(0.22	)		(0.06	)		(0.10	)		(0.35	)		(0.41	)		(0.24	)		(0.31	)		(0.27	)
Net Realized Gains		—			—			—			—			—			(0.23	)		—			—			—			—
Total Distributions		(0.08	)		(0.24	)		(0.22	)		(0.06	)		(0.10	)		(0.58	)		(0.41	)		(0.24	)		(0.31	)		(0.27	)
Net Asset Value, End of Period	$	9.51		$	10.74		$	9.71		$	10.68		$	8.41		$	10.97		$	11.16		$	12.71		$	10.31		$	10.28
Total Return		(10.76	%)(B)		13.19	%		(7.20	%)		7.38	%(B)		(22.62	%)(B)		3.75	%		(9.22	%)		25.97	%		3.54	%		(7.77	%)
Net Assets, End of Period (thousands)	$	936,454		$	658,448		$	266,868		$	67,793		$	210,937		$	302,369		$	240,668		$	246,551		$	188,154		$	155,301
Ratio of Expenses to Average Net Assets *		0.31	%(C)		0.33	%		0.35	%		0.31	%(C)(E)		0.60	%(C)		0.54	%(F)		0.52	%		0.52	%		0.53	%		0.53	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly)) *		0.32	%(C)		0.34	%		0.35	%		0.65	%(C)(E)		0.73	%(C)		0.76	%(F)		0.74	%		0.75	%		0.76	%		0.75	%
Ratio of Net Investment Income to Average Net Assets		2.09	%(C)		2.69	%		2.41	%		1.76	%(C)(E)		2.20	%(C)		3.25	%		2.72	%		2.69	%		3.20	%		2.69	%
Portfolio Turnover Rate		1	%(B)		9	%		9	%		2	%(B)		N/A			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			0.24	%(C)		0.24	%		0.24	%		0.25	%		0.26	%		0.25	%

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

See accompanying Notes to Financial Statements.

93

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	World Ex U.S. Core Equity Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)
Net Asset Value, Beginning of Period	$	11.17		$	10.65		$	12.15		$	9.93		$	9.83		$	10.49
Income from Investment Operations (A)
Net Investment Income (Loss)		0.10			0.33			0.31			0.27			0.26			0.26
Net Gains (Losses) on Securities (Realized and Unrealized)		(1.92	)		0.56			(1.52	)		2.21			0.08			(0.72	)
Total from Investment Operations		(1.82	)		0.89			(1.21	)		2.48			0.34			(0.46	)
Less Distributions:
Net Investment Income		(0.10	)		(0.32	)		(0.29	)		(0.26	)		(0.24	)		(0.20	)
Net Realized Gains		—			(0.05	)		—			—			—			—
Total Distributions		(0.10	)		(0.37	)		(0.29	)		(0.26	)		(0.24	)		(0.20	)
Net Asset Value, End of Period	$	9.25		$	11.17		$	10.65		$	12.15		$	9.93		$	9.83
Total Return		(16.42	%)(B)		8.64	%		(10.22	%)		25.33	%		3.58	%		(4.50	%)
Net Assets, End of Period (thousands)	$	3,147,376		$	3,719,313		$	3,129,791		$	2,805,367		$	1,656,445		$	1,170,828
Ratio of Expenses to Average Net Assets		0.36	%(C)		0.37	%		0.39	%		0.40	%		0.47	%		0.47	%(F)
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))		0.36	%(C)		0.38	%		0.37	%		0.40	%		0.47	%		0.52	%(F)
Ratio of Net Investment Income to Average Net Assets		1.98	%(C)		3.02	%		2.56	%		2.48	%		2.67	%		2.54	%
Portfolio Turnover Rate		7	%(B)		8	%		4	%		4	%		1	%		1	%
* 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			0.03	%

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

See accompanying Notes to Financial Statements.

94

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	World Core Equity Portfolio																		Selectively Hedged Global Equity Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	16.42		$	15.40		$	16.06		$	13.14		$	12.94		$	13.33		$	16.54		$	15.71		$	16.52		$	13.67		$	13.50		$	14.20
Income from Investment Operations (A)
Net Investment Income (Loss)		0.13			0.35			0.31			0.29			0.27			0.26			0.12			0.35			0.31			0.29			0.26			0.27
Net Gains (Losses) on Securities (Realized and Unrealized)		(2.05	)		1.13			(0.64	)		2.98			0.20			(0.35	)		(2.02	)		1.12			(0.66	)		2.98			0.30			(0.34	)
Total from Investment Operations		(1.92	)		1.48			(0.33	)		3.27			0.47			(0.09	)		(1.90	)		1.47			(0.35	)		3.27			0.56			(0.07	)
Less Distributions:
Net Investment Income		(0.13	)		(0.35	)		(0.30	)		(0.30	)		(0.26	)		(0.26	)		(0.43	)		(0.44	)		(0.27	)		(0.30	)		(0.35	)		(0.42	)
Net Realized Gains		(0.03	)		(0.11	)		(0.03	)		(0.05	)		(0.01	)		(0.04	)		—			(0.20	)		(0.19	)		(0.12	)		(0.04	)		(0.21	)
Total Distributions		(0.16	)		(0.46	)		(0.33	)		(0.35	)		(0.27	)		(0.30	)		(0.43	)		(0.64	)		(0.46	)		(0.42	)		(0.39	)		(0.63	)
Net Asset Value, End of Period	$	14.34		$	16.42		$	15.40		$	16.06		$	13.14		$	12.94		$	14.21		$	16.54		$	15.71		$	16.52		$	13.67		$	13.50
Total Return		(11.77	%)(B)		9.94	%		(2.16	%)		25.14	%		3.73	%		(0.61	%)		(11.93	%)(B)		10.10	%		(2.28	%)		24.54	%		4.32	%		(0.34	%)
Net Assets, End of Period (thousands)	$	786,207		$	879,553		$	741,512		$	546,891		$	370,229		$	202,655		$	295,156		$	375,832		$	403,195		$	402,204		$	289,904		$	245,106
Ratio of Expenses to Average Net Assets *		0.32	%(C)		0.33	%		0.35	%		0.35	%		0.35	%		0.35	%		0.40	%(C)		0.37	%		0.34	%		0.35	%		0.35	%		0.40	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor) *(F)		0.58	%(C)		0.60	%		0.59	%		0.60	%		0.64	%		0.65	%		0.62	%(C)		0.63	%		0.60	%		0.62	%		0.64	%		0.66	%
Ratio of Net Investment Income to Average Net Assets		1.69	%(C)		2.23	%		1.89	%		1.95	%		2.14	%		1.95	%		1.57	%(C)		2.25	%		1.87	%		1.90	%		2.03	%		1.93	%
* 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:		0.26	%(C)		0.27	%		0.27	%		0.28	%		0.31	%		0.32	%		0.29	%(C)		0.30	%		0.29	%		0.29	%		0.32	%		0.33	%

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

See accompanying Notes to Financial Statements.

95

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Emerging Markets Portfolio																		Emerging Markets Small Cap Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	27.56		$	25.46		$	29.55		$	24.12		$	22.17		$	26.64		$	20.07		$	18.72		$	23.49		$	20.39		$	18.51		$	21.42
Income from Investment Operations (A)
Net Investment Income (Loss)		0.19			0.73			0.61			0.49			0.45			0.49			0.14			0.48			0.53			0.49			0.45			0.43
Net Gains (Losses) on Securities (Realized and Unrealized)		(4.10	)		2.05			(4.14	)		5.43			1.95			(4.54	)		(3.58	)		1.87			(4.22	)		3.58			2.04			(2.53	)
Total from Investment Operations		(3.91	)		2.78			(3.53	)		5.92			2.40			(4.05	)		(3.44	)		2.35			(3.69	)		4.07			2.49			(2.10	)
Less Distributions:
Net Investment Income		(0.19	)		(0.68	)		(0.56	)		(0.49	)		(0.45	)		(0.42	)		(0.27	)		(0.46	)		(0.53	)		(0.51	)		(0.47	)		(0.41	)
Net Realized Gains		—			—			—			—			—			—			(0.13	)		(0.54	)		(0.55	)		(0.46	)		(0.14	)		(0.40	)
Total Distributions		(0.19	)		(0.68	)		(0.56	)		(0.49	)		(0.45	)		(0.42	)		(0.40	)		(1.00	)		(1.08	)		(0.97	)		(0.61	)		(0.81	)
Net Asset Value, End of Period	$	23.46		$	27.56		$	25.46		$	29.55		$	24.12		$	22.17		$	16.23		$	20.07		$	18.72		$	23.49		$	20.39		$	18.51
Total Return		(14.27	%)(B)		11.06	%		(12.14	%)		24.83	%		11.01	%		(15.24	%)		(17.52	%)(B)		12.96	%		(16.45	%)		21.00	%		13.96	%		(9.88	%)
Net Assets, End of Period (thousands)	$	5,268,535		$	5,968,318		$	5,394,188		$	6,632,914		$	4,915,400		$	4,321,530		$	4,699,298		$	6,423,859		$	6,304,406		$	7,249,717		$	5,459,509		$	4,845,174
Ratio of Expenses to Average Net Assets		0.46	%(C)		0.48	%		0.47	%		0.50	%		0.56	%		0.57	%		0.71	%(C)		0.72	%		0.70	%		0.73	%		0.72	%		0.73	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor) (F)		0.56	%(C)		0.58	%		0.57	%		0.60	%		0.66	%		0.60	%		0.91	%(C)		0.92	%		0.90	%		0.93	%		0.92	%		0.78	%
Ratio of Net Investment Income to Average Net Assets		1.44	%(C)		2.70	%		2.08	%		1.88	%		2.04	%		1.97	%		1.46	%(C)		2.44	%		2.31	%		2.32	%		2.43	%		2.16	%

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

See accompanying Notes to Financial Statements.

96

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Emerging Markets Value Portfolio-Class R2 Shares
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)
Net Asset Value, Beginning of Period	$	27.16		$	26.64		$	30.13		$	24.71		$	22.18		$	27.79
Income from Investment Operations(A)
Net Investment Income (Loss)		0.16			0.63			0.63			0.31			0.46			0.49
Net Gains (Losses) on Securities (Realized and Unrealized)		(5.36	)		0.56			(3.48	)		5.60			2.75			(5.61	)
Total from Investment Operations		(5.20	)		1.19			(2.85	)		5.91			3.21			(5.12	)
Less Distributions:
Net Investment Income		(0.27	)		(0.67	)		(0.64	)		(0.49	)		(0.68	)		(0.49	)
Total Distributions		(0.27	)		(0.67	)		(0.64	)		(0.49	)		(0.68	)		(0.49	)
Net Asset Value, End of Period	$	21.69		$	27.16		$	26.64		$	30.13		$	24.71		$	22.18
Total Return		(19.38	%)(B)		4.57	%		(9.66	%)		24.11	%		14.98	%		(18.49	%)
Net Assets, End of Period (thousands)	$	22,686		$	29,146		$	25,150		$	31,198		$	97,923		$	74,076
Ratio of Expenses to Average Net Assets (F)		0.80	%(C)		0.81	%		0.80	%		0.81	%		0.81	%		0.81	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly) (F)		0.90	%(C)		0.91	%		0.90	%		0.91	%		0.91	%		0.84	%
Ratio of Net Investment Income to Average Net Assets		1.27	%(C)		2.29	%		2.07	%		1.19	%		2.08	%		1.93	%

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

See accompanying Notes to Financial Statements.

97

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Emerging Markets Value Portfolio-Institutional Class Shares
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)
Net Asset Value, Beginning of Period	$	27.34		$	26.81		$	30.32		$	24.84		$	22.22		$	27.81
Income (loss) from Investment Operations(A)
Net Investment Income (Loss)		0.19			0.70			0.73			0.61			0.51			0.54
Net Gains (Losses) on Securities (Realized and Unrealized)		(5.39	)		0.57			(3.53	)		5.40			2.77			(5.60	)
Total from Investment Operations		(5.20	)		1.27			(2.80	)		6.01			3.28			(5.06	)
Less Distributions:
Net Investment Income		(0.29	)		(0.74	)		(0.71	)		(0.53	)		(0.66	)		(0.53	)
Total Distributions		(0.29	)		(0.74	)		(0.71	)		(0.53	)		(0.66	)		(0.53	)
Net Asset Value, End of Period	$	21.85		$	27.34		$	26.81		$	30.32		$	24.84		$	22.22
Total Return		(19.27	%)(B)		4.83	%		(9.45	%)		24.41	%		15.23	%		(18.27	%)
Net Assets, End of Period (thousands)	$	13,117,665		$	17,161,936		$	16,431,410		$	19,383,230		$	16,304,321		$	14,834,888
Ratio of Expenses to Average Net Assets (F)		0.55	%(C)		0.56	%		0.54	%		0.57	%		0.56	%		0.56	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly)) (F)		0.65	%(C)		0.66	%		0.64	%		0.67	%		0.66	%		0.59	%
Ratio of Net Investment Income to Average Net Assets		1.52	%(C)		2.54	%		2.37	%		2.23	%		2.31	%		2.12	%

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

See accompanying Notes to Financial Statements.

98

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Emerging Markets Core Equity Portfolio																		Emerging Markets Targeted Value Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Period Nov 14, 2018   to Oct 31, 2019
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	20.59		$	18.95		$	22.38		$	18.40		$	16.81		$	20.08		$	10.43		$	10.00
Income from Investment Operations (A)
Net Investment Income (Loss)		0.14			0.53			0.50			0.42			0.37			0.39			0.05			0.24
Net Gains (Losses) on Securities (Realized and Unrealized)		(3.32	)		1.64			(3.47	)		3.95			1.59			(3.29	)		(2.02	)		0.20
Total from Investment Operations		(3.18	)		2.17			(2.97	)		4.37			1.96			(2.90	)		(1.97	)		0.44
Less Distributions:
Net Investment Income		(0.15	)		(0.53	)		(0.46	)		(0.39	)		(0.37	)		(0.37	)		(0.23	)		(0.01	)
Net Realized Gains		—			—			—			—			—			—			(0.11	)		—
Total Distributions		(0.15	)		(0.53	)		(0.46	)		(0.39	)		(0.37	)		(0.37	)		(0.34	)		(0.01	)
Net Asset Value, End of Period	$	17.26		$	20.59		$	18.95		$	22.38		$	18.40		$	16.81		$	8.12		$	10.43
Total Return		(15.51	%)(B)		11.61	%		(13.48	%)		24.02	%		11.87	%		(14.49	%)		(19.63	%)(B)		4.38	%(B)
Net Assets, End of Period (thousands)	$	22,090,162		$	28,622,610		$	25,372,759		$	27,085,722		$	18,712,966		$	14,856,878		$	139,026		$	114,360
Ratio of Expenses to Average Net Assets		0.51	%(C)		0.52	%		0.52	%		0.55	%		0.61	%		0.62	%		0.84	%(C)		0.85	%(C)(E)
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))		0.51	%(C)		0.53	%		0.52	%		0.56	%		0.61	%		0.62	%		0.87	%(C)		0.95	%(C)(E)
Ratio of Net Investment Income to Average Net Assets		1.47	%(C)		2.62	%		2.25	%		2.08	%		2.20	%		2.06	%		1.01	%(C)		2.30	%(C)(E)
Portfolio Turnover Rate		9	%(B)		4	%		4	%		4	%		3	%		5	%		22	%(B)		12	%(B)

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

See accompanying Notes to Financial Statements.

99

DFA INVESTMENT DIMENSIONS GROUP INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

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 and four 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”). 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 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 April 30, 2020, 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:

Feeder Funds	Master/Underlying Funds	Percentage Ownership at 04/30/20
Japanese Small Company Portfolio	The Japanese Small Company Series		17	%
Asia Pacific Small Company Portfolio	The Asia Pacific Small Company Series		23	%
United Kingdom Small Company Portfolio	The United Kingdom Small Company Series		—
Continental Small Company Portfolio	The Continental Small Company Series		—
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	%
Funds of Funds	Underlying Funds	Percentage Ownership at 04/30/20
International Small Company Portfolio	The Continental Small Company Series		89	%
	The Japanese Small Company Series		83	%
	The United Kingdom Small Company Series		99	%
	The Asia Pacific Small Company Series		77	%
	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		—
	The Canadian Small Company Series		—
	The Emerging Markets Small Cap Series		—
	The United Kingdom Small Company Series		—

100

Feeder Funds	Master/Underlying Funds	Percentage Ownership at 04/30/20
DFA Global Real Estate Securities Portfolio*	DFA Real Estate Securities Portfolio		10	%
	DFA International Real Estate Securities Portfolio		54	%
World ex U.S. Value Portfolio	Dimensional Emerging Markets Value Fund		—
	DFA International Small Cap Value Portfolio		—
	The DFA International Value Series		—
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)

101

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 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 valuations are generally categorized as Level 2 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.

102

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 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 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. Core Equity 2 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, 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

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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). As of April 30, 2020, none of the Directors have requested or received a distribution of proceeds of a deferred fee account.

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 capital gains for investments in India. Such taxes are accrued on a daily basis and due upon sale of individual securities.

C. Investment Advisor and Administrator:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Portfolios. For the six months ended April 30, 2020, 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	0.19%*
International Core Equity Portfolio	0.26%*
Global Small Company Portfolio	0.44%*
International Small Company Portfolio	0.39%*
Japanese Small Company Portfolio	0.49%*
Asia Pacific Small Company Portfolio	0.49%*
United Kingdom Small Company Portfolio	0.49%*
Continental Small Company Portfolio	0.49%*
DFA International Real Estate Securities Portfolio	0.25%*
DFA Global Real Estate Securities Portfolio	0.20%

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DFA International Small Cap Value Portfolio	0.64%*
International Vector Equity Portfolio	0.44%*
International High Relative Profitability Portfolio	0.25%
World ex U.S. Value Portfolio	0.46%*
World ex U.S. Core Equity Portfolio	0.31%*
World Core Equity Portfolio	0.29%*
Selectively Hedged Global Equity Portfolio	0.29%*
Emerging Markets Portfolio	0.40%*
Emerging Markets Small Cap Portfolio	0.64%*
Emerging Markets Value Portfolio	0.49%*
Emerging Markets Core Equity Portfolio	0.46%*
Emerging Markets Targeted Value Portfolio	0.68%*

* Effective as of February 28, 2020, the management fees payable by the following Portfolios were reduced as follows:

	Management Fee Prior to			Management Fee Effective
Portfolio	February 28, 2020			February 28, 2020
Large Cap International Portfolio		0.20	%		0.18	%
International Core Equity Portfolio		0.27	%		0.24	%
Global Small Company Portfolio		0.45	%		0.43	%
International Small Company Portfolio		0.40	%		0.38	%
Japanese Small Company Portfolio		0.50	%		0.47	%
Asia Pacific Small Company Portfolio		0.50	%		0.47	%
United Kingdom Small Company Portfolio		0.50	%		0.47	%
Continental Small Company Portfolio		0.50	%		0.47	%
DFA International Real Estate Securities Portfolio		0.25	%		0.24	%
DFA International Small Cap Value Portfolio		0.65	%		0.60	%
International Vector Equity Portfolio		0.45	%		0.42	%
World ex U.S. Value Portfolio		0.47	%		0.43	%
World ex U.S. Core Equity Portfolio		0.32	%		0.29	%
World Core Equity Portfolio		0.30	%		0.27	%
Selectively Hedged Global Equity Portfolio		0.30	%		0.28	%
Emerging Markets Portfolio		0.42	%		0.37	%
Emerging Markets Small Cap Portfolio		0.65	%		0.60	%
Emerging Markets Value Portfolio		0.50	%		0.45	%
Emerging Markets Core Equity Portfolio		0.47	%		0.42	%
Emerging Markets Targeted Value Portfolio		0.70	%		0.65	%

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, 2021, 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 six months ended April 30, 2020, 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 six months ended April 30, 2020, and the previously waived fees/expenses assumed subject to future recovery by the Advisor as of April 30, 2020, 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

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expense ratio following such recovery would be less than the Expense Limitation Amount/Total Management Fee 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.

									Net Waived Fees/
									Expenses Assumed			Previously
							Recovery		(Recovered			Waived Fees/
	Expense			Total			of Previously		Previously Waived			Expenses Assumed
	Limitation			Management			Waived Fees/		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	%		—		$	933	$	(438	)	$	4,081
Global Small Company Portfolio (2)		0.47	%		—			—		72			383
International Small Company Portfolio (3)		0.45	%		—			—		—			—
Japanese Small Company Portfolio (4)		0.47	%		0.47	%		—		272			11
Asia Pacific Small Company Portfolio (4)		0.47	%		0.47	%		—		150			6
United Kingdom Small Company Portfolio (4)		0.47	%		0.47	%		2		26			66
Continental Small Company Portfolio (4)		0.47	%		0.47	%		—		305			12
DFA International Real Estate Securities Portfolio (5)		0.29	%		—			—		—			—
DFA Global Real Estate Securities Portfolio (6)		0.24	%		—			95		4,317			25,976
International Vector Equity Portfolio (1)		0.60	%		—			—		—			—
International High Relative Profitability Portfolio (2)		0.35	%		—			25		(25	)		—
World ex U.S. Value Portfolio (7)		0.60	%		0.43	%		108		178			—
World ex U.S. Core Equity Portfolio (8)		0.39	%		—			—		—			—
World Core Equity Portfolio (9)		0.32	%		0.27	%		16		1,090			443
Selectively Hedged Global Equity Portfolio (10)		0.40	%		0.28	%		120		394			1
Emerging Markets Portfolio (11)		0.49	%		0.37	%		23		2,823			23

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									Net Waived Fees/
									Expenses Assumed		Previously
							Recovery		(Recovered		Waived Fees/
	Expense			Total			of Previously		Previously Waived		Expenses Assumed
	Limitation			Management			Waived Fees/		Fees/Expenses		Subject to Future
Institutional Class Shares	Amount			Fee Limit			Expenses Assumed		Assumed)		Recovery
Emerging Markets Small Cap Portfolio (12)		—			0.60	%		—	$	5,924		—
Emerging Markets Value Portfolio (12)		—			0.45	%		—		7,880		—
Emerging Markets Core Equity Portfolio (1)		0.54	%		—			—		—		—
Emerging Markets Targeted Value Portfolio (2)		0.85	%		—		$	4		14	$	120
Class R2 Shares
Emerging Markets Value Portfolio (13)		0.96	%		0.45	%		—		13		—

(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) Effective July 21, 2015, 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”). Prior to July 21, 2015, the Advisor had contractually agreed to waive its administration fee and to assume Portfolio Expenses to the extent necessary to limit the Portfolio Expenses of the Portfolio, on an annualized basis, to the Expense Limitation Amount listed above.

(4) Effective February 28, 2020, 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 0.47% of the average net assets of a class of a Portfolio on an annualized basis (the “Permanent Fee Waiver”). 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”). Prior to July 21, 2015, the Advisor had contractually agreed to waive its administration fee and to assume each Portfolio’s other direct expenses to the extent necessary to limit the direct expenses of each Portfolio to the Expense Limitation Amount listed above. The Fee Waiver Agreement did not include the indirect expenses each Portfolio bore as a shareholder of its Master Fund.

(5) Effective February 28, 2015, the Advisor has contractually agreed to waive all or a portion of its management fee and to 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 the Portfolio’s average net assets on an annualized basis (the “Expense Limitation Amount”). Prior to February 28, 2015, the Advisor had contractually agreed to waive all or a portion of its advisory fee and to assume the Portfolio Expenses of the Portfolio to the extent necessary to limit the Portfolio Expenses to 0.65% of the Portfolio’s average net assets on an annualized basis.

(6) Effective February 28, 2015, 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”). From February 28, 2012 to February 27, 2015, the Advisor had contractually agreed to waive all or a portion of its advisory fee and to assume the Portfolio Expenses of the Portfolio to the extent necessary to limit the Portfolio Expenses to 0.32% of the Portfolio’s average net assets on an annualized basis.

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(7) Effective February 28, 2020, the Advisor has contractually agreed to waive up to the full amount of the Portfolio’s management fee of 0.43% 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”). 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.

(8) 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”).

(9) Effective February 28, 2020, the Advisor has contractually agreed to waive up to the full amount of the Portfolio’s management fee of 0.27% 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 (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”). 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 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.

(10) Effective February 28, 2020, the Advisor has contractually agreed to waive up to the full amount of the Portfolio’s management fee of 0.28% 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”). 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”).

(11) Effective February 28, 2020, 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 0.37% of the average net assets of a class of the Portfolio on an annualized basis (the “Permanent Fee Waiver”). 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”).

(12) Effective February 28, 2020, 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. 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.

(13) Effective February 28, 2020, 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 0.45% of the average net assets of a class of the Portfolio on an annualized basis (the “Permanent Fee Waiver”). 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 (including for the period prior to July 21, 2015) 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”).

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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 six months ended April 30, 2020, expenses reduced were as follows (amounts in thousands):

	Fees Paid
	Indirectly
Large Cap International Portfolio	$	159
International Core Equity Portfolio		346
DFA International Real Estate Securities Portfolio		255
DFA International Small Cap Value Portfolio		670
International Vector Equity Portfolio		74
International High Relative Profitability Portfolio		45
World ex U.S. Core Equity Portfolio		52
Emerging Markets Core Equity Portfolio		880
Emerging Markets Targeted Value Portfolio		5

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 six months ended April 30, 2020, the total related amount paid by the Fund to the CCO was $206 (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 April 30, 2020, 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	$	80
International Core Equity Portfolio		264
Global Small Company Portfolio		(—	)
International Small Company Portfolio		270
Japanese Small Company Portfolio		11
Asia Pacific Small Company Portfolio		7
United Kingdom Small Company Portfolio		2
Continental Small Company Portfolio		6
DFA International Real Estate Securities Portfolio		61
DFA Global Real Estate Securities Portfolio		43
DFA International Small Cap Value Portfolio		399
International Vector Equity Portfolio		23
International High Relative Profitability Portfolio		(5	)
World ex U.S. Value Portfolio		2
World ex U.S. Core Equity Portfolio		3
World Core Equity Portfolio		—
Selectively Hedged Global Equity Portfolio		3
Emerging Markets Portfolio		119
Emerging Markets Small Cap Portfolio		107
Emerging Markets Value Portfolio		510
Emerging Markets Core Equity Portfolio		281
Emerging Markets Targeted Value Portfolio		(1	)

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E. Purchases and Sales of Securities:

For the six months ended April 30, 2020, 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	$	688,465	$	374,604
International Core Equity Portfolio	$	605,190	$	2,018,438
DFA International Real Estate Securities Portfolio	$	468,692	$	317,471
DFA Global Real Estate Securities Portfolio	$	110,774	$	368
DFA International Small Cap Value Portfolio	$	684,349	$	1,323,103
International Vector Equity Portfolio	$	761,381	$	225,718
International High Relative Profitability Portfolio	$	334,569	$	4,532
World ex U.S. Core Equity Portfolio	$	301,975	$	238,437
Emerging Markets Core Equity Portfolio	$	2,235,215	$	4,077,984
Emerging Markets Targeted Value Portfolio	$	54,854	$	25,584

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

For the six months ended April 30, 2020, 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, 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, 2019		at Cost		from Sales		on Sales			Depreciation			April 30, 2020		April 30, 2020		Income		Distributions
Large Cap International Portfolio
The DFA Short Term Investment Fund	$	181,249	$	877,088	$	803,134	$	(85	)	$	35		$	255,153		22,051	$	3,475		—
Total	$	181,249	$	877,088	$	803,134	$	(85	)	$	35		$	255,153		22,051	$	3,475		—
International Core Equity Portfolio
The DFA Short Term Investment Fund	$	1,353,511	$	2,861,607	$	2,876,434	$	(212	)	$	123		$	1,338,595		115,685	$	26,349		—
Total	$	1,353,511	$	2,861,607	$	2,876,434	$	(212	)	$	123		$	1,338,595		115,685	$	26,349		—
Global Small Company Portfolio
U.S. Small Cap Portfolio	$	22,484	$	5,800	$	2,053	$	(267	)	$	(4,094	)	$	21,870		817	$	127	$	535
Total	$	22,484	$	5,800	$	2,053	$	(267	)	$	(4,094	)	$	21,870		817	$	127	$	535

110

										Change in
							Net Realized			Unrealized
	Balance at		Purchases		Proceeds		Gain/(Loss)			Appreciation/			Balance at		Shares as of		Dividend		Capital Gain
	October 31, 2019		at Cost		from Sales		on Sales			Depreciation			April 30, 2020		April 30, 2020		Income		Distributions
DFA International Real Estate Securities Portfolio
The DFA Short Term Investment Fund	$	186,393	$	1,152,414	$	1,146,440	$	(48	)	$	28		$	192,347		16,623	$	3,058		—
Total	$	186,393	$	1,152,414	$	1,146,440	$	(48	)	$	28		$	192,347		16,623	$	3,058		—
DFA Global Real Estate Securities Portfolio
DFA International Real Estate Securities Portfolio	$	3,297,599	$	634,754	$	162,200	$	(17,260	)	$	(1,274,222	)	$	2,478,671		694,306	$	375,229		—
DFA Real Estate Securities Portfolio		1,315,269		—		232,050		46,004			(308,752	)		820,471		24,068		18,186	$	1,750
The DFA Short Term Investment Fund		111,152		631,682		659,156		(29	)		5			83,654		7,230		1,997		—
Total	$	4,724,020	$	1,266,436	$	1,053,406	$	28,715		$	(1,582,969	)	$	3,382,796		725,604	$	395,412	$	1,750
DFA International Small Cap Value Portfolio
The DFA Short Term Investment Fund	$	793,359	$	753,463	$	1,097,965	$	(8	)	$	(3	)	$	448,846		38,791	$	13,336		—
Total	$	793,359	$	753,463	$	1,097,965	$	(8	)	$	(3	)	$	448,846		38,791	$	13,336		—
International Vector Equity Portfolio
The DFA Short Term Investment Fund	$	132,707	$	261,899	$	212,009	$	(13	)	$	21		$	182,605		15,781	$	2,552		—
Total	$	132,707	$	261,899	$	212,009	$	(13	)	$	21		$	182,605		15,781	$	2,552		—
International High Relative Profitability Portfolio
The DFA Short Term Investment Fund	$	25,970	$	161,641	$	138,679	$	(4	)	$	7		$	48,935		4,229		—		—
Total	$	25,970	$	161,641	$	138,679	$	(4	)	$	7		$	48,935		4,229		—		—
World ex U.S. Value Portfolio
DFA International Small Cap Value Portfolio	$	29,086	$	1,026	$	5,313	$	(985	)	$	(5,612	)	$	18,202		1,276	$	394	$	440
Total	$	29,086	$	1,026	$	5,313	$	(985	)	$	(5,612	)	$	18,202		1,276	$	394	$	440
World ex U.S. Core Equity Portfolio
The DFA Short Term Investment Fund	$	109,135	$	286,129	$	252,045	$	(26	)	$	21		$	143,214		12,377	$	2,342		—
Total	$	109,135	$	286,129	$	252,045	$	(26	)	$	21		$	143,214		12,377	$	2,342		—

111

										Change in
							Net Realized			Unrealized
	Balance at		Purchases		Proceeds		Gain/(Loss)			Appreciation/			Balance at		Shares as of		Dividend		Capital Gain
	October 31, 2019		at Cost		from Sales		on Sales			Depreciation			April 30, 2020		April 30, 2020		Income		Distributions
World Core Equity Portfolio
U.S. Core Equity 1 Portfolio	$	480,857	$	46,744	$	34,386	$	(3,834	)	$	(43,561	)	$	445,820		20,118	$	3,751	$	8,146
International Core Equity Portfolio		298,575		22,442		19,416		(3,917	)		(47,940	)		249,744		22,997		2,897		—
Emerging Markets Core Equity Portfolio		100,081		14,308		6,376		(1,121	)		(15,152	)		91,740		5,315		768		—
Total	$	879,513	$	83,494	$	60,178	$	(8,872	)	$	(106,653	)	$	787,304		48,430	$	7,416	$	8,146
Selectively Hedged Global Equity Portfolio
U.S. Core Equity 2 Portfolio	$	186,668	$	12,934	$	25,289	$	(447	)	$	(21,887	)	$	151,979		7,618	$	1,299	$	4,098
International Core Equity Portfolio		119,342		5,886		18,033		(2,095	)		(18,378	)		86,722		7,985		1,130		—
Emerging Markets Core Equity Portfolio		64,065		6,114		7,383		(1,210	)		(9,189	)		52,397		3,036		478		—
Total	$	370,075	$	24,934	$	50,705	$	(3,752	)	$	(49,454	)	$	291,098		18,639	$	2,907	$	4,098
Emerging Markets Core Equity Portfolio
The DFA Short Term Investment Fund	$	673,477	$	1,210,755	$	1,443,116	$	(12	)	$	20		$	441,124		38,123	$	13,584		—
Total	$	673,477	$	1,210,755	$	1,443,116	$	(12	)	$	20		$	441,124		38,123	$	13,584		—
Emerging Markets Targeted Value Portfolio
The DFA Short Term Investment Fund	$	659	$	8,251	$	8,409		—			—		$	501		43		—		—
Total	$	659	$	8,251	$	8,409		—			—		$	501		43		—		—

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, 2019, primarily attributable to realized gains on securities considered to be “passive foreign investment companies,” non-deductible expenses, realized foreign capital gains tax, tax-equalization, non-deductible 90-day stock issuance cost, net foreign currency gains/losses, distributions received from real estate investment trusts and distribution redesignations, were reclassified to the accounts mentioned above. These reclassifications had no effect on net assets or net asset value per share.

112

The tax character of dividends and distributions declared and paid during the years ended October 31, 2018, and October 31, 2019, were as follows (amounts in thousands):

	Net Investment
	Income and
	Short-Term		Long-Term		Tax Exempt
	Capital Gains		Capital Gains		Income		Total
Large Cap International Portfolio
2018	$	132,270		—		—	$	132,270
2019		155,698		—		—		155,698
International Core Equity Portfolio
2018		711,406		—		—		711,406
2019		907,539		—		—		907,539
Global Small Company Portfolio
2018		269	$	81		—		350
2019		308		—		—		308
International Small Company Portfolio
2018		335,310		375,728		—		711,038
2019		339,853		517,619		—		857,472
Japanese Small Company Portfolio
2018		15,937		—		—		15,937
2019		6,623		32,764		—		39,387
Asia Pacific Small Company Portfolio
2018		13,370		—		—		13,370
2019		11,260		—		—		11,260
United Kingdom Small Company Portfolio
2018		1,616		2,308		—		3,924
2019		540		1,437		—		1,977
Continental Small Company Portfolio
2018		15,452		4,962		—		20,414
2019		14,187		19,027		—		33,214
DFA International Real Estate Securities Portfolio
2018		241,977		—		—		241,977
2019		302,662		—		—		302,662
DFA Global Real Estate Securities Portfolio
2018		212,543		42,954		—		255,497
2019		311,682		40,223		—		351,905
DFA International Small Cap Value Portfolio
2018		418,957		477,828		—		896,785
2019		346,113		429,956		—		776,069
International Vector Equity Portfolio
2018		59,115		10,130		—		69,245
2019		75,474		72,426		—		147,900
International High Relative Profitability Portfolio
2018		3,960		—		—		3,960
2019		11,023		—		—		11,023
World ex U.S. Value Portfolio
2018		8,118		—		—		8,118
2019		8,654		5,062		—		13,716

113

	Net Investment
	Income and
	Short-Term		Long-Term		Tax Exempt
	Capital Gains		Capital Gains		Income		Total
World ex U.S. Core Equity Portfolio
2018	$	75,944		—		—	$	75,944
2019		100,766	$	15,900		—		116,666
World Core Equity Portfolio
2018		13,426		1,076		—		14,502
2019		18,739		4,773		—		23,512
Selectively Hedged Global Equity Portfolio
2018		8,085		3,086		—		11,171
2019		12,345		4,519		—		16,864
Emerging Markets Portfolio
2018		115,293		—		—		115,293
2019		145,647		—		—		145,647
Emerging Markets Small Cap Portfolio
2018		194,789		145,194		—		339,983
2019		153,182		173,892		—		327,074
Emerging Markets Value Portfolio
2018		439,431		—		—		439,431
2019		459,380		—		—		459,380
Emerging Markets Core Equity Portfolio
2018		593,704		—		—		593,704
2019		730,829		—		—		730,829
Emerging Markets Targeted Value Portfolio
2019		64		—		—		64

Emerging Markets Targeted Value Portfolio commenced operations on November 14, 2018, and did not pay any distributions for the year ended October 31, 2018.

As of October 31, 2019, 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
Large Cap International Portfolio	$	(5,785	)		—		$	(5,785	)
International Core Equity Portfolio		(39,526	)		—			(39,526	)
Global Small Company Portfolio		(33	)		—			(33	)
International Small Company Portfolio		(34,708	)	$	(23,004	)		(57,712	)
Japanese Small Company Portfolio		(472	)		—			(472	)
Asia Pacific Small Company Portfolio		—			—			—
United Kingdom Small Company Portfolio		(117	)		(435	)		(552	)
Continental Small Company Portfolio		(722	)		—			(722	)
DFA International Real Estate Securities Portfolio		(38,031	)		—			(38,031	)
DFA Global Real Estate Securities Portfolio		(8,808	)		—			(8,808	)
DFA International Small Cap Value Portfolio		(36,899	)		(12,688	)		(49,587	)
International Vector Equity Portfolio		(5,646	)		—			(5,646	)

114

	Net Investment
	Income and
	Short-Term			Long-Term
	Capital Gains			Capital Gains			Total
International High Relative Profitability Portfolio	$	(390	)		—		$	(390	)
World ex U.S. Value Portfolio		—			—			—
World ex U.S. Core Equity Portfolio		(5,265	)		—			(5,265	)
World Core Equity Portfolio		(77	)	$	(397	)		(474	)
Selectively Hedged Global Equity Portfolio		(1,150	)		(191	)		(1,341	)
Emerging Markets Portfolio		(10,074	)		—			(10,074	)
Emerging Markets Small Cap Portfolio		(17,882	)		(4,623	)		(22,505	)
Emerging Markets Value Portfolio		(31,481	)		—			(31,481	)
Emerging Markets Core Equity Portfolio		(37,986	)		—			(37,986	)
Emerging Markets Targeted Value Portfolio		(397	)		—			(397	)

As of October 31, 2019, 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		Capital Loss			Appreciation			(Accumulated
	Capital Gains		Capital Gains		Carryforwards			(Depreciation)			Losses)
Large Cap International Portfolio	$	21,790		—	$	(114,879	)	$	787,214		$	694,125
International Core Equity Portfolio		164,474		—		(576,584	)		2,711,445			2,299,335
Global Small Company Portfolio		529		—		(504	)		517			542
International Small Company Portfolio		172,408	$	278,416		—			615,587			1,066,411
Japanese Small Company Portfolio		13,813		9,017		—			55,091			77,921
Asia Pacific Small Company Portfolio		12,779		—		(15,084	)		(28,156	)		(30,461	)
United Kingdom Small Company Portfolio		649		1,663		—			1,096			3,408
Continental Small Company Portfolio		2,684		—		(1,579	)		47,476			48,581
DFA International Real Estate Securities Portfolio		666,046		—		(311,503	)		(28,290	)		326,253
DFA Global Real Estate Securities Portfolio		85,225		90,014		—			1,907,950			2,083,189
DFA International Small Cap Value Portfolio		151,601		206,468		—			286,756			644,825
International Vector Equity Portfolio		16,440		—		(30,752	)		227,993			213,681
International High Relative Profitability Portfolio		1,089		—		(12,114	)		35,204			24,179
World ex U.S. Value Portfolio		1,748		—		(1,394	)		9,372			9,726
World ex U.S. Core Equity Portfolio		11,736		—		(30,195	)		171,870			153,411
World Core Equity Portfolio		—		1,549		—			108,632			110,181
Selectively Hedged Global Equity Portfolio		7,786		0		—			72,826			80,612
Emerging Markets Portfolio		25,990		—		(209,529	)		1,722,744			1,539,205
Emerging Markets Small Cap Portfolio		75,201		41,748		—			4,431			121,380
Emerging Markets Value Portfolio		151,494		—		(1,308,291	)		566,226			(590,571	)
Emerging Markets Core Equity Portfolio		113,918		—		(1,101,106	)		3,104,503			2,117,315
Emerging Markets Targeted Value Portfolio		3,639		21		—			(534	)		3,126

115

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. Under the Regulated Investment Company Modernization Act of 2010, capital losses incurred by these Portfolios after October 31, 2011, will not be subject to expiration and will retain their character as either short-term or long-term capital losses. As of October 31, 2019, 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	$	114,879	$	114,879
International Core Equity Portfolio		576,584		576,584
Global Small Company Portfolio		504		504
International Small Company Portfolio		—		—
Japanese Small Company Portfolio		—		—
Asia Pacific Small Company Portfolio		15,084		15,084
United Kingdom Small Company Portfolio		—		—
Continental Small Company Portfolio		1,579		1,579
DFA International Real Estate Securities Portfolio		311,503		311,503
DFA Global Real Estate Securities Portfolio		—		—
DFA International Small Cap Value Portfolio		—		—
International Vector Equity Portfolio		30,752		30,752
International High Relative Profitability Portfolio		12,114		12,114
World ex U.S. Value Portfolio		1,394		1,394
World ex U.S. Core Equity Portfolio		30,195		30,195
World Core Equity Portfolio		—		—
Selectively Hedged Global Equity Portfolio		—		—
Emerging Markets Portfolio		209,529		209,529
Emerging Markets Small Cap Portfolio		—		—
Emerging Markets Value Portfolio		1,308,291		1,308,291
Emerging Markets Core Equity Portfolio		1,101,106		1,101,106
Emerging Markets Targeted Value Portfolio		—		—

During the year ended October 31, 2019, the following Portfolios used the following capital loss carryforwards to offset realized capital gains for federal income tax purposes (amounts in thousands):

Global Small Company Portfolio	$	135
Asia Pacific Small Company Portfolio		3,958

116

As of April 30, 2020, 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)
Large Cap International Portfolio	$	4,791,598	$	1,075,782	$	(349,929	)	$	725,853
International Core Equity Portfolio		28,904,377		5,537,332		(2,792,770	)		2,744,562
Global Small Company Portfolio		37,718		52		(2,189	)		(2,137	)
International Small Company Portfolio		11,291,306		—		(1,298,973	)		(1,298,973	)
Japanese Small Company Portfolio		524,703		—		(5,370	)		(5,370	)
Asia Pacific Small Company Portfolio		379,454		—		(74,554	)		(74,554	)
United Kingdom Small Company Portfolio		21,818		—		(2,465	)		(2,465	)
Continental Small Company Portfolio		557,824		—		(73,617	)		(73,617	)
DFA International Real Estate Securities Portfolio		6,299,266		959,229		(427,339	)		531,890
DFA Global Real Estate Securities Portfolio		7,295,118		1,296,920		(134,239	)		1,162,681
DFA International Small Cap Value Portfolio		13,724,524		2,345,505		(1,544,042	)		801,463
International Vector Equity Portfolio		2,500,687		541,633		(287,750	)		253,883
International High Relative Profitability Portfolio		453,361		30,801		(20,045	)		10,756
World ex U.S. Value Portfolio		269,399		1,970		(50,080	)		(48,110	)
World ex U.S. Core Equity Portfolio		3,608,823		533,697		(332,900	)		200,797
World Core Equity Portfolio		779,894		114,735		—			114,735
Selectively Hedged Global Equity Portfolio		342,330		79,568		(296	)		79,272
Emerging Markets Portfolio		4,346,826		952,133		—			952,133
Emerging Markets Small Cap Portfolio		5,633,689		—		(807,248	)		(807,248	)
Emerging Markets Value Portfolio		15,552,318		—		(2,202,030	)		(2,202,030	)
Emerging Markets Core Equity Portfolio		25,561,629		7,226,455		(3,348,246	)		3,878,209
Emerging Markets Targeted Value Portfolio		110,019		11,922		(3,991	)		7,931

The difference between GAAP-basis and tax-basis unrealized gains (losses) is attributable primarily to 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.

117

G. Capital Share Transactions:

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

	Six Months Ended						Year Ended
	April 30, 2020						October 31, 2019
	(Unaudited)
	Amount			Shares			Amount			Shares
Emerging Markets Value Portfolio
Class R2 Shares
Shares Issued	$	2,316			92		$	7,880			286
Shares Issued in Lieu of Cash Distributions		281			10			687			26
Shares Redeemed		(3,330	)		(129	)		(5,088	)		(183	)
Net Increase (Decrease) — Class R2 Shares	$	(733	)		(27	)	$	3,479			129
Institutional Class Shares
Shares Issued	$	2,034,805			89,606		$	3,094,110			110,936
Shares Issued in Lieu of Cash Distributions		171,746			6,048			436,607			16,366
Shares Redeemed		(2,834,447	)		(123,013	)		(3,087,983	)		(112,388	)
Net Increase (Decrease) — Institutional Class Shares	$	(627,896	)		(27,359	)	$	442,734			14,914

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.

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

118

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 adjust market exposure based on actual or expected cash inflows to or outflows from the Portfolio. The Portfolios, however, do not intend to sell futures contracts to establish short positions in individual securities. 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 six months ended April 30, 2020 was as follows (amounts in thousands):

	Forward
	Currency
	Contracts*		Futures**
Large Cap International Portfolio	$	—	$	60,836
International Core Equity Portfolio		—		276,291
International Small Company Portfolio		—		88,973
DFA International Real Estate Securities Portfolio		—		53,648
DFA International Small Cap Value Portfolio		—		120,452
International High Relative Profitability Portfolio		—		4,756
World ex U.S. Core Equity Portfolio		—		11,691
Selectively Hedged Global Equity Portfolio		109,190		4,516
Emerging Markets Core Equity Portfolio		—		177,045
Emerging Markets Targeted Value Portfolio		—		2,586

* Average amount of Currency Purchased/Sold in USD

** Average Notional Value of contracts

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The following is a summary of the Portfolios’ derivative instrument holdings categorized by primary risk exposure as of April 30, 2020 (amounts in thousands):

	Asset Derivatives Value
	Total Value		Forward
	at		Currency		Equity
	April 30, 2020		Contracts (1)		Contracts *,(2)
Large Cap International Portfolio	$	4,860		—	$	4,860
International Core Equity Portfolio		33,929		—		33,929
International Small Company Portfolio		4,810		—		4,810
DFA International Real Estate Securities Portfolio		18,721		—		18,721
DFA International Small Cap Value Portfolio		9,015		—		9,015
World ex U.S. Core Equity Portfolio		1,626		—		1,626
Selectively Hedged Global Equity Portfolio		456	$	76		380
Emerging Markets Core Equity Portfolio		10,575		—		10,575

	Liability Derivatives Value
	Total Value			Forward
	at			Currency			Equity
	April 30, 2020			Contracts (3)			Contracts (4)
International High Relative Profitability Portfolio	$	(44	)		—		$	(44	)
Selectively Hedged Global Equity Portfolio		(296	)	$	(296	)		—
Emerging Markets Targeted Value Portfolio		(278	)		—			(278	)

(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: 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 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 six months ended April 30, 2020 (amounts in thousands):

	Realized Gain (Loss) on
	Derivatives
				Forward
				Currency		Equity
	Total			Contracts (1)		Contracts (2)
Large Cap International Portfolio	$	3,794			—	$	3,794
International Core Equity Portfolio		9,948			—		9,948
Global Small Company Portfolio		18			—		18	*
International Small Company Portfolio		(2,459	)		—		(2,459	)
DFA International Real Estate Securities Portfolio		(8,521	)		—		(8,521	)
DFA International Small Cap Value Portfolio		6,266			—		6,266
International Vector Equity Portfolio		(11,375	)		—		(11,375	)*
International High Relative Profitability Portfolio		1,920			—		1,920
World ex U.S. Value Portfolio		99			—		99	*

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	Realized Gain (Loss) on
	Derivatives
				Forward
				Currency		Equity
	Total			Contracts (1)		Contracts (2)
World ex U.S. Core Equity Portfolio	$	7,383			—	$	7,383
World Core Equity Portfolio		(122	)		—		(122	)*
Selectively Hedged Global Equity Portfolio		1,157		$	1,631		(474	)
Emerging Markets Core Equity Portfolio		14,395			—		14,395
Emerging Markets Targeted Value Portfolio		(258	)		—		(258	)

	Change in Unrealized Appreciation
	(Depreciation) on Derivatives
				Forward
				Currency		Equity
	Total			Contracts (3)		Contracts (4)
Large Cap International Portfolio	$	4,261			—	$	4,261
International Core Equity Portfolio		29,134			—		29,134
International Small Company Portfolio		3,510			—		3,510
DFA International Real Estate Securities Portfolio		18,327			—		18,327
DFA International Small Cap Value Portfolio		6,261			—		6,261
International High Relative Profitability Portfolio		(44	)		—		(44	)
World ex U.S. Core Equity Portfolio		1,626			—		1,626
Selectively Hedged Global Equity Portfolio		592		$	264		328
Emerging Markets Core Equity Portfolio		5,813			—		5,813
Emerging Markets Targeted Value Portfolio		(278	)		—		(278	)

(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 April 30, 2020, there were no futures contracts outstanding. During the six months ended April 30, 2020, the Portfolios 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 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.

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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 April 30, 2020 (amounts in thousands):

			Net		Gross Amounts Not									Net		Gross Amounts Not
			Amounts		Offset in the									Amounts		Offset in the
			of		Statements of Assets									of		Statements of Assets
			Assets		and Liabilities									Liabilities		and Liabilities
			Presented											Presented
	Gross		in the									Gross		in the
	Amounts of		Statements									Amounts of		Statements
	Recognized		of Assets		Financial			Cash		Net		Recognized		of Assets		Financial			Cash		Net
	Assets		and		Instruments			Collateral		Amount		Liabilities		and		Instruments			Collateral		Amount
Description	(a)		Liabilities		(b)			Received		(c)		(a)		Liabilities		(d)			Pledged		(e)
	Assets											Liabilities
Selectively Hedged Global Equity Portfolio
Goldman Sachs International	$	19	$	19		—			—	$	19		—		—		—			—		—
Bank of America Corp.		1		1	$	(1	)		—		—	$	185	$	185	$	(1	)		—	$	184
Citibank, N.A.		1		1		(1	)		—		—		54		54		(1	)		—		53
UBS AG.		1		1		—			—		1		—		—		—			—		—
JP Morgan		54		54		(24	)		—		30		24		24		(24	)		—		—
Australia and New Zealand Banking Group Ltd.		—		—		—			—		—		7		7		—			—		7
Bank of New York Mellon Corp.		—		—		—			—		—		26		26		—			—		26
Total	$	76	$	76	$	(26	)		—	$	50	$	296	$	296	$	(26	)		—	$	270

(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 8, 2020, with its domestic custodian bank. A line of credit with similar terms was in effect through April 8, 2020. 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 7, 2021.

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, 2020. A line of credit with similar terms was in effect through January 2, 2020. 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 line of credit agreement expires on January 1, 2021.

For the six months ended April 30, 2020, borrowings by the following Portfolios 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 04/30/2020
Large Cap International Portfolio		1.37	%	$	15,828		3	$	1	$	25,463		—
International Core Equity Portfolio		1.34	%		19,892		6		5		79,001		—
Global Small Company Portfolio		2.03	%		143		35		—		972		—
International Small Company Portfolio		0.85	%		11,869		5		1		24,436		—
DFA International Real Estate Securities Portfolio		2.30	%		1,726		1		—		1,726		—
DFA Global Real Estate Securities Portfolio		1.18	%		6,718		18		5		30,384		—
DFA International Small Cap Value Portfolio		1.90	%		8,342		7		3		11,974		—
International Vector Equity Portfolio		1.40	%		8,477		44		9		43,388	$	9,587
World ex U.S. Value Portfolio		1.80	%		877		42		1		8,163		—
World ex U.S. Core Equity Portfolio		1.93	%		8,706		15		5		38,377		—
World Core Equity Portfolio		1.90	%		1,843		33		3		17,666		—
Selectively Hedged Global Equity Portfolio		0.87	%		1,410		2		—		2,211		—
Emerging Markets Core Equity Portfolio		1.02	%		50,267		23		21		108,542		—
Emerging Markets Targeted Value Portfolio		1.84	%		1,918		19		2		8,922		—

* Number of Days Outstanding represents the total of single or consecutive days during the six months ended April 30, 2020, 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.

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For the six months ended April 30, 2020, activity by the Portfolios 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 04/30/2020

Emerging Markets Core Equity Portfolio

Borrower

0.47

%

$

74,414

8

$

12

$

108,542

—

* Number of Days Outstanding represents the total of single or consecutive days during the six months ended April 30, 2020 that the Portfolio utilized the interfund lending program.

J. Affiliated Trades:

Cross trades for the six months ended April 30, 2020, 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 six months ended April 30, 2020, 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	$	31,069	$	22,530	$	(16,901	)
International Core Equity Portfolio		17,816		39,627		(15,892	)
DFA Global Real Estate Securities Portfolio		318		284		51
DFA International Small Cap Value Portfolio		47,110		41,571		(5,664	)
International Vector Equity Portfolio		12,878		11,378		(3,100	)
International High Relative Profitability Portfolio		19,211		1,086		(240	)
World ex U.S. Core Equity Portfolio		8,152		7,554		(2,417	)
Emerging Markets Core Equity Portfolio		532		4,449		(1,554	)
Emerging Markets Targeted Value Portfolio		180		68		(18	)

K. Securities Lending:

As of April 30, 2020, 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	$	45,876
International Core Equity Portfolio		374,027
DFA International Real Estate Securities Portfolio		26,491
DFA International Small Cap Value Portfolio		88,602
International Vector Equity Portfolio		49,891
International High Relative Profitability Portfolio		27,374
World ex U.S. Core Equity Portfolio		59,831
Emerging Markets Core Equity Portfolio		597,572
Emerging Markets Targeted Value Portfolio		3,013

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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 April 30, 2020:

	Remaining Contractual Maturity of the Agreements
	As of April 30, 2020
	Overnight and				Between
	Continuous		<30 days		30 & 90 days		>90 days		Total
Securities Lending Transactions Large Cap International Portfolio
Common Stocks	$	255,169		—		—		—	$	255,169
Securities Lending Transactions International Core Equity Portfolio
Common Stocks, Rights/Warrants		1,338,602		—		—		—		1,338,602
DFA International Real Estate Securities Portfolio
Common Stocks		192,377		—		—		—		192,377
DFA Global Real Estate Securities Portfolio
Common Stocks		83,695		—		—		—		83,695
DFA International Small Cap Value Portfolio
Common Stocks		448,800		—		—		—		448,800
International Vector Equity Portfolio
Common Stocks, Rights/Warrants		182,584		—		—		—		182,584
International High Relative Profitability Portfolio
Common Stocks		48,931		—		—		—		48,931
World ex U.S. Core Equity Portfolio
Common Stocks		143,218		—		—		—		143,218
Emerging Markets Core Equity Portfolio
Common Stocks		441,098		—		—		—		441,098
Emerging Markets Targeted Value Portfolio
Common Stocks		501		—		—		—		501

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.

N. Recently Issued Accounting Standards:

In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2017-08 which changes the amortization period for a callable debt security from the maturity date to the earliest call date. The ASU is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods. The Fund’s adoption of ASU 2017-08 disclosure requirements are reflected within these financial statements prepared as of April 30, 2020 and management has concluded that the change in accounting principle does not materially impact the financial statement amounts.

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In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurements” (“ASU 2018-13”). This update makes certain removals from, changes to and additions to existing disclosure requirements for fair value measurement. ASU 2018-13 does not change fair value measurements already required or permitted by existing standards. ASU 2018-13 is effective for financial statements issued for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Portfolios’ early adoption of all of the ASU 2018-13 disclosure requirements are reflected within these financial statements prepared as of April 30, 2020.

In March 2020, the FASB issued ASU 2020-04 which provides optional guidance to ease the potential accounting burden associated with transitioning away from the London Interbank Offered Rate and other reference rates that are expected to be discontinued. The ASU is effective immediately upon release of the update on March 12, 2020 through December 31, 2022. At this time, management is evaluating implications of these changes on the financial statements.

O. Other:

As of April 30, 2020, 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.

		Approximate
		Percentage
	Number of	of Outstanding
	Shareholders	Shares
Large Cap International Portfolio-Institutional Class	4		74	%
International Core Equity Portfolio-Institutional Class	4		69	%
Global Small Company Portfolio-Institutional Class	5		98	%
International Small Company Portfolio-Institutional Class	3		66	%
Japanese Small Company Portfolio-Institutional Class	1		79	%
Asia Pacific Small Company Portfolio-Institutional Class	2		95	%
United Kingdom Small Company Portfolio-Institutional Class	4		97	%
Continental Small Company Portfolio-Institutional Class	2		93	%
DFA International Real Estate Securities Portfolio-Institutional Class	4		90	%
DFA Global Real Estate Securities Portfolio-Institutional Class	3		65	%
DFA International Small Cap Value Portfolio-Institutional Class	4		73	%
International Vector Equity Portfolio-Institutional Class	3		79	%
International High Relative Profitability Portfolio-Institutional Class	3		88	%
World ex U.S. Value Portfolio-Institutional Class	7		88	%
World ex U.S. Core Equity Portfolio-Institutional Class	3		73	%
World Core Equity Portfolio-Institutional Class	5		80	%
Selectively Hedged Global Equity Portfolio-Institutional Class	3		95	%
Emerging Markets Portfolio-Institutional Class	3		59	%
Emerging Markets Small Cap Portfolio-Institutional Class	5		60	%
Emerging Markets Value Portfolio-Class R2	2		94	%
Emerging Markets Value Portfolio-Institutional Class	3		40	%
Emerging Markets Core Equity Portfolio-Institutional Class	3		60	%
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, in The Tribune Company Bankruptcy, certain creditors have filed actions against all shareholders of The Tribune Company who tendered shares when The Tribune Company went private in 2007 in a leveraged buy-out transaction, seeking the return of proceeds received by the shareholders). Although management currently believes

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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.

P. 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.

The continued worldwide spread of novel coronavirus (or COVID-19) and its impact on international business operations, supply chains, travel, commodity prices, consumer confidence and business forecasts, and the associated impact on domestic and international equity markets and fixed income yields, has caused uncertainty for the global economy and financial markets. While it is too early to predict the impact of COVID-19 related factors, during a time of increased uncertainty and volatility, the performance of the Portfolios may be adversely affected in the near term and, potentially, beyond.

128

NOTIFICATION OF SOURCE OF DISTRIBUTIONS PURSUANT TO

RULE 19A-1 UNDER THE INVESTMENT COMPANY ACT OF 1940

As noted in the table provided below, the following Portfolios paid distributions to shareholders of record, a portion of which is estimated to be in excess of a Portfolio’s current and accumulated undistributed net income. Please note that this information is being provided to satisfy certain notice requirements under the Investment Company Act of 1940 and is not being provided for tax reporting purposes. Tax reporting information for the shareholders of a Portfolio will not be available until the end of the Portfolio’s fiscal year. As a result, shareholders should not use the information provided in this notice for tax reporting purposes.

	Estimated % Breakdown of Distribution Sources
	Net income for			Accumulated
	the current or			undistributed
	preceding			net profits			Paid-in
	fiscal year,			from the sale			surplus
	and accumulated			of securities			or other
	undistributed net			or other			capital
Portfolio Name	income			properties			source
Large Cap International Portfolio
December 16, 2019		87	%		0	%		13	%
International Core Equity Portfolio
December 16, 2019		67	%		0	%		33	%
International Small Company Portfolio
December 17, 2019		29	%		0	%		71	%
Japanese Small Company Portfolio
December 17, 2019		0	%		0	%		100	%
Asia Pacific Small Company Portfolio
December 17, 2019		28	%		0	%		72	%
United Kingdom Small Company Portfolio
December 17, 2019		39	%		0	%		61	%
Continental Small Company Portfolio
December 17, 2019		26	%		0	%		74	%
DFA International Real Estate Securities Portfolio
December 16, 2019		0	%		0	%		100	%
DFA Global Real Estate Securities Portfolio
December 17, 2019		92	%		0	%		8	%
DFA International Small Cap Value Portfolio
December 16, 2019		36	%		0	%		64	%
International Vector Equity Portfolio
December 16, 2019		59	%		0	%		41	%
International High Relative Profitability Portfolio
December 17, 2019		91	%		0	%		9	%
World ex U.S. Value Portfolio
December 17, 2019		66	%		0	%		34	%
Selectively Hedged Global Equity Portfolio
December 17, 2019		71	%		0	%		29	%
Emerging Markets Portfolio
December 17, 2019		41	%		0	%		59	%
Emerging Markets Small Cap Portfolio
December 17, 2019		23	%		0	%		77	%

129

NOTIFICATION OF SOURCE OF DISTRIBUTIONS PURSUANT TO RULE 19A-1 UNDER THE INVESTMENT COMPANY ACT OF 1940

CONTINUED

	Estimated % Breakdown of Distribution Sources
	Net income for			Accumulated
	the current or			undistributed
	preceding			net profits			Paid-in
	fiscal year,			from the sale			surplus
	and accumulated			of securities			or other
	undistributed net			or other			capital
Portfolio Name	income			properties			source
Emerging Markets Value Portfolio
December 17, 2019		14	%		0	%		86	%
Emerging Markets Core Equity Portfolio
December 16, 2019		50	%		0	%		50	%
Emerging Markets Targeted Value Portfolio
December 17, 2019		94	%		0	%		6	%

The ultimate composition of these distributions may vary from the estimates provided above due to a variety of factors including future income and expenses, and realized gains and losses from the purchase and sale of securities.

130

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.

131

DISCLOSURE OF FUND EXPENSES

CONTINUED

Six Months Ended April 30, 2020

EXPENSE TABLE

	Beginning		Ending					Expenses
	Account		Account		Annualized			Paid
	Value		Value		Expense			During
	11/01/19		04/30/20		Ratio (1)			Period (1)
DFA International Value Portfolio (2)
Actual Fund Return
Class R2 Shares	$	1,000.00	$	755.40		0.67	%	$	2.92
Institutional Class Shares	$	1,000.00	$	756.50		0.42	%	$	1.83
Hypothetical 5% Annual Return
Class R2 Shares	$	1,000.00	$	1,021.53		0.67	%	$	3.37
Institutional Class Shares	$	1,000.00	$	1,022.78		0.42	%	$	2.11

(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 (182), then divided by the number of days in the year (366) 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).

132

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 March 31, 2020. 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	%

133

DFA INTERNATIONAL VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The DFA International Value Series of The DFA Investment Trust Company	$	6,818,747,235
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES.	$	6,818,747,235

Summary of the Portfolio’s Master Fund’s investments as of April 30, 2020, based on their valuation inputs, is located in this report (See Security Valuation Note).

See accompanying Notes to Financial Statements.

134

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENT OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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

	DFA
	International
	Value Portfolio
ASSETS:
Investments in Affiliated Investment Company at Value	$	6,818,747
Receivables:
Fund Shares Sold		10,589
Prepaid Expenses and Other Assets		121
Total Assets		6,829,457
LIABILITIES:
Payables:
Fund Shares Redeemed		11,639
Due to Advisor		812
Accrued Expenses and Other Liabilities		584
Total Liabilities		13,035
NET ASSETS.	$	6,816,422
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Class R2 Shares — based on net assets of $1,002 and shares outstanding of 78,238	$	12.81
NUMBER OF SHARES AUTHORIZED		100,000,000
Institutional Class Shares — based on net assets of $6,815,420 and shares outstanding of 530,099,361	$	12.86
NUMBER OF SHARES AUTHORIZED		1,500,000,000
NET ASSETS CONSIST OF:
Paid-In Capital	$	9,012,777
Total Distributable Earnings (Loss)		(2,196,355	)
NET ASSETS	$	6,816,422

See accompanying Notes to Financial Statements.

135

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENT OF OPERATIONS

FOR THE YEAR ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)

	DFA
	International
	Value Portfolio*
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies:
Dividends (Net of Foreign Taxes Withheld of $12,804)	$	121,362
Income from Securities Lending		1,752
Expenses Allocated from Affiliated Investment Companies		(8,684	)
Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		114,430
Fund Expenses
Investment Management Fees		16,150
Accounting & Transfer Agent Fees		607
Shareholder Servicing Fees
Class R2 Shares		2
Filing Fees		120
Shareholders’ Reports		198
Directors’/Trustees’ Fees & Expenses		23
Professional Fees		17
Other		(32	)
Total Fund Expenses		17,085
Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)
Class R2 Shares		(1	)
Institutional Class Shares		(8,367	)
Net Expenses		8,717
Net Investment Income (Loss)		105,713
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Transactions Allocated from Affiliated Investment Company**		(43,113	)
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		(2,268,880	)
Net Realized and Unrealized Gain (Loss)		(2,311,993	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(2,206,280	)

** 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.

136

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	DFA International Value Portfolio***
	Six Months			Year
	Ended			Ended
	Apr 30,			Oct 31,
	2020			2019
	(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	105,713		$	339,362
Net Realized Gain (Loss) on:
Transactions Allocated from Affiliated Investment Company*,**		(43,113	)		(12,764	)
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		(2,268,880	)		(37,240	)
Net Increase (Decrease) in Net Assets Resulting from Operations		(2,206,280	)		289,358
Distributions:
Class R2 Shares		(12	)		(83	)
Institutional Class Shares		(99,514	)		(576,705	)
Total Distributions		(99,526	)		(576,788	)
Capital Share Transactions (1):
Shares Issued		1,908,764			2,071,367
Shares Issued in Lieu of Cash Distributions		97,327			562,384
Shares Redeemed		(2,058,532	)		(2,595,094	)
Net Increase (Decrease) from Capital Share Transactions		(52,441	)		38,657
Total Increase (Decrease) in Net Assets		(2,358,247	)		(248,773	)
Net Assets
Beginning of Period		9,174,669			9,423,442
End of Period	$	6,816,422		$	9,174,669
(1) Shares Issued and Redeemed:
Shares Issued		141,833			123,536
Shares Issued in Lieu of Cash Distributions		5,484			34,167
Shares Redeemed		(151,214	)		(154,773	)
Net Increase (Decrease) from Shares Issued and Redeemed		(3,897	)		2,930

* Net of foreign capital gain taxes withheld for the period ended April 30, 2020 of $0.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2019 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.

137

DIMENSIONAL INVESTMENT GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	DFA International Value Portfolio-Class R2 Shares
	Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015
	(Unaudited)
Net Asset Value, Beginning of Period	$	17.13		$	17.68		$	19.89		$	16.27		$	16.93		$	18.48
Income from Investment Operations(A)
Net Investment Income (Loss)		0.18			0.58			0.54			0.55			0.53			0.51
Net Gains (Losses) on Securities (Realized and Unrealized)		(4.32	)		(0.10	)		(2.21	)		3.61			(0.65	)		(1.55	)
Total from Investment Operations		(4.14	)		0.48			(1.67	)		4.16			(0.12	)		(1.04	)
Less Distributions:
Net Investment Income		(0.18	)		(0.51	)		(0.54	)		(0.54	)		(0.54	)		(0.51	)
Net Realized Gains		—			(0.52	)		—			—			—			—
Total Distributions		(0.18	)		(1.03	)		(0.54	)		(0.54	)		(0.54	)		(0.51	)
Net Asset Value, End of Period	$	12.81		$	17.13		$	17.68		$	19.89		$	16.27		$	16.93
Total Return		(24.46	%)(B)		3.13	%		(8.59	%)		25.99	%		(0.43	%)		(5.78	%)
Net Assets, End of Period (thousands)	$	1,002		$	1,191		$	1,477		$	3,508		$	3,308		$	10,404
Ratio of Expenses to Average Net Assets (F)		0.67	%(C)		0.69	%		0.68	%		0.68	%		0.68	%		0.68	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor) (F)		0.87	%(C)		0.89	%		0.88	%		0.88	%		0.88	%		0.73	%
Ratio of Net Investment Income to Average Net Assets		2.39	%(C)		3.43	%		2.72	%		3.07	%		3.4	%		2.81	%

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

See accompanying Notes to Financial Statements.

138

DIMENSIONAL INVESTMENT GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	DFA International Value Portfolio-Institutional Class Shares
	Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015
	(Unaudited)
Net Asset Value, Beginning of Period	$	17.18		$	17.74		$	19.94		$	16.30		$	16.92		$	18.47
Income (loss) from Investment Operations(A)
Net Investment Income (Loss)		0.20			0.63			0.60			0.56			0.55			0.56
Net Gains (Losses) on Securities (Realized and Unrealized)		(4.33	)		(0.11	)		(2.21	)		3.66			(0.63	)		(1.56	)
Total from Investment Operations		(4.13	)		0.52			(1.61	)		4.22			(0.08	)		(1.00	)
Less Distributions:
Net Investment Income		(0.19	)		(0.56	)		(0.59	)		(0.58	)		(0.54	)		(0.55	)
Net Realized Gains		—			(0.52	)		—			—			—			—
Total Distributions		(0.19	)		(1.08	)		(0.59	)		(0.58	)		(0.54	)		(0.55	)
Net Asset Value, End of Period	$	12.86		$	17.18		$	17.74		$	19.94		$	16.30		$	16.92
Total Return		(24.35	%)(B)		3.37	%		(8.32	%)		26.36	%		(0.20	%)		(5.58	%)
Net Assets, End of Period (thousands)	$	6,815,420		$	9,173,478		$	9,421,965		$	9,837,631		$	7,270,665		$	6,795,481
Ratio of Expenses to Average Net Assets (F)		0.42	%(C)		0.44	%		0.43	%		0.43	%		0.43	%		0.43	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly)) (F)		0.62	%(C)		0.64	%		0.63	%		0.63	%		0.63	%		0.49	%
Ratio of Net Investment Income to Average Net Assets		2.53	%(C)		3.70	%		3.01	%		3.12	%		3.51	%		3.10	%

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

See accompanying Notes to Financial Statements.

139

DIMENSIONAL INVESTMENT GROUP INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

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 April 30, 2020, the Portfolio owned 71% 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 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.

140

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. Core Equity 2 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, 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). As of April 30, 2020, none of the Directors have requested or received a distribution of proceeds of a deferred fee account.

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 six months ended April 30, 2020, 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 0.39 %* 

* Effective as of February 28, 2020, the management fee payable by the Portfolio was reduced from 0.40% to 0.35%.

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, 2021, 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 six months ended April 30, 2020, 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 six months ended April 30, 2020, and the previously waived fees/expenses assumed subject to future recovery by the

141

Advisor as of April 30, 2020, 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.

Institutional Class Shares	Expense Limitation Amount			Total Management Fee Limit			Recovery of Previously Waived Fees/ Expenses Assumed		Net Waived Fees/ Expenses Assumed (Recovered Previously Waived Fees/Expenses Assumed)		Previously Waived Fees/ Expenses Assumed Subject to Future Recovery
DFA International Value Portfolio (1)		—			0.35	%		—	$	8,367		—
Class R2 Shares
DFA International Value Portfolio (2)		0.79	%		0.35	%		—		1		—

(1) 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.

(2) Effective February 28, 2020, 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 0.35% of the average net assets of a class of the Portfolio on an annualized basis (the “Permanent Fee Waiver”). 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 six months ended April 30, 2020, the total related amounts paid by the Fund to the CCO were $20 (in thousands). The total related amounts paid by the Portfolio are included in Other Expenses on the Statements of Operations.

D. Deferred Compensation:

As of April 30, 2020, 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 (amount in thousands):

DFA International Value Portfolio $ 242

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.

142

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, 2019, primarily attributable to net foreign currency gains/losses, foreign capital gains tax reclass and realized gains on securities considered to be “passive foreign investment companies,” 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, 2018, and October 31, 2019, 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
2018	$	298,200		—		—	$	298,200
2019		302,955	$	273,833		—		576,788

As of October 31, 2019, 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	$	(2,159	)		—	$	(2,159	)

As of October 31, 2019, 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		Capital Loss			Appreciation		(Accumulated
	Capital Gains		Capital Gains		Carryforwards			(Depreciation)		Losses)
DFA International Value Portfolio	$	63,472		—	$	(13,753	)	$	60,237	$	109,956

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. Under the Regulated Investment Company Modernization Act of 2010, capital losses incurred by the Portfolio after October 31, 2011, will not be subject to expiration and will retain their character as either short-term or long-term capital losses. As of October 31, 2019, 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 International Value Portfolio	$	13,753	$	13,753

143

As of April 30, 2020, 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	$	8,989,067		—	$	(2,130,494	)	$	(2,130,494	)

The difference between GAAP-basis and tax-basis unrealized gains (losses) is attributable primarily to 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):

	Six Months Ended						Year Ended
	April 30, 2020						October 31, 2019
	(Unaudited)
	Amount			Shares			Amount			Shares
DFA International Value Portfolio
Class R2 Shares
Shares Issued	$	300			19		$	409			25
Shares Issued in Lieu of Cash Distributions		12			1			83			5
Shares Redeemed		(172	)		(11	)		(766	)		(44	)
Net Increase (Decrease) — Class R2 Shares	$	140			9		$	(274	)		(14	)
Institutional Class Shares
Shares Issued	$	1,908,464			141,814		$	2,070,958			123,511
Shares Issued in Lieu of Cash Distributions		97,315			5,483			562,301			34,162
Shares Redeemed		(2,058,359	)		(151,203	)		(2,594,328	)		(154,729	)
Net Increase (Decrease) — Institutional Class Shares	$	(52,580	)		(3,906	)	$	38,931			2,944

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.

144

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:

In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2017-08 which changes the amortization period for a callable debt security from the maturity date to the earliest call date. The ASU is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods. The Fund’s adoption of ASU 2017-08 disclosure requirements are reflected within these financial statements prepared as of April 30, 2020 and management has concluded that the change in accounting principle does not materially impact the financial statement amounts.

In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurements” (“ASU 2018-13”). This update makes certain removals from, changes to and additions to existing disclosure requirements for fair value measurement. ASU 2018-13 does not change fair value measurements already required or permitted by existing standards. ASU 2018-13 is effective for financial statements issued for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Portfolio’s early adoption of all of the ASU 2018-13 disclosure requirements are reflected within these financial statements prepared as of April 30, 2020.

In March 2020, the FASB issued ASU 2020-04 which provides optional guidance to ease the potential accounting burden associated with transitioning away from the London Interbank Offered Rate and other reference rates that are expected to be discontinued. The ASU is effective immediately upon release of the update on March 12, 2020 through December 31, 2022. At this time, management is evaluating implications of these changes on the financial statements.

J. Other:

As of April 30, 2020, 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		96	%
DFA International Value Portfolio-Institutional Class	4		73	%

The Portfolio is subject to claims and suits that arise from time to time in the ordinary course of business (for example, in The Tribune Company Bankruptcy, certain creditors have filed actions against all shareholders of The Tribune Company who tendered shares when The Tribune Company went private in 2007 in a leveraged buy-out transaction, seeking the return of proceeds received by the shareholders). 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.

K. 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 other subsequent events requiring recognition or disclosure in the financial statements.

145

The continued worldwide spread of novel coronavirus (or COVID-19) and its impact on international business operations, supply chains, travel, commodity prices, consumer confidence and business forecasts, and the associated impact on domestic and international equity markets and fixed income yields, has caused uncertainty for the global economy and financial markets. While it is too early to predict the impact of COVID-19 related factors, during a time of increased uncertainty and volatility, the performance of the Portfolio may be adversely affected in the near term and, potentially, beyond.

146

NOTIFICATION OF SOURCE OF DISTRIBUTIONS PURSUANT TO

RULE 19A-1 UNDER THE INVESTMENT COMPANY ACT OF 1940

As noted in the table provided below, the following Portfolio paid distributions to shareholders of record, a portion of which is estimated to be in excess of the Portfolio’s current and accumulated undistributed net income. Please note that this information is being provided to satisfy certain notice requirements under the Investment Company Act of 1940 and is not being provided for tax reporting purposes. Tax reporting information for the shareholders of the Portfolio will not be available until the end of the Portfolio’s fiscal year. As a result, shareholders should not use the information provided in this notice for tax reporting purposes.

	Estimated % Breakdown of Distribution Sources
Portfolio Name	Net income for the current or preceding fiscal year, and accumulated undistributed net income			Accumulated undistributed net profits from the sale of securities or other properties			Paid-in surplus or other capital source
DFA International Value Portfolio
December 17, 2019		62	%		0	%		38	%

The ultimate composition of these distributions may vary from the estimates provided above due to a variety of factors including future income and expenses, and realized gains and losses from the purchase and sale of securities.

147

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 April 30, 2020

EXPENSE TABLES

	Beginning Account Value 11/01/19		Ending Account Value 04/30/20		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
The DFA International Value Series
Actual Fund Return	$	1,000.00	$	757.30		0.21	%	$	0.92
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.82		0.21	%	$	1.06
The Japanese Small Company Series
Actual Fund Return	$	1,000.00	$	861.30		0.12	%	$	0.56
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.27		0.12	%	$	0.60

148

DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning Account Value 11/01/19		Ending Account Value 04/30/20		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
The Asia Pacific Small Company Series
Actual Fund Return	$	1,000.00	$	819.90		0.12	%	$	0.54
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.27		0.12	%	$	0.60
The United Kingdom Small Company Series
Actual Fund Return	$	1,000.00	$	789.70		0.11	%	$	0.49
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.32		0.11	%	$	0.55
The Continental Small Company Series
Actual Fund Return	$	1,000.00	$	842.80		0.12	%	$	0.55
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.27		0.12	%	$	0.60
The Canadian Small Company Series
Actual Fund Return	$	1,000.00	$	855.00		0.11	%	$	0.51
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.32		0.11	%	$	0.55
The Emerging Markets Series
Actual Fund Return	$	1,000.00	$	858.80		0.13	%	$	0.60
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.22		0.13	%	$	0.65
The Emerging Markets Small Cap Series
Actual Fund Return	$	1,000.00	$	828.20		0.25	%	$	1.14
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.62		0.25	%	$	1.26

(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 (182), then divided by the number of days in the year (366) to reflect the six-month period.

149

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 March 31, 2020. 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	15.7	%
Consumer Staples	4.8	%
Energy	10.7	%
Financials	28.1	%
Health Care	6.2	%
Industrials	10.5	%
Information Technology	1.8	%
Materials	12.8	%
Real Estate	3.4	%
Utilities	1.2	%
	100.0	%

The Japanese Small Company Series

Communication Services	2.8	%
Consumer Discretionary	16.9	%
Consumer Staples	8.2	%
Energy	1.3	%
Financials	8.7	%
Health Care	5.0	%
Industrials	29.7	%
Information Technology	13.2	%
Materials	10.7	%
Real Estate	1.9	%
Utilities	1.6	%
	100.0	%

The Asia Pacific Small Company Series

Communication Services	9.0	%
Consumer Discretionary	17.0	%
Consumer Staples	7.8	%
Energy	2.2	%
Financials	11.6	%
Health Care	5.6	%
Industrials	12.7	%
Information Technology	8.8	%
Materials	14.6	%
Real Estate	7.5	%
Utilities	3.2	%
	100.0	%

150

DISCLOSURE OF PORTFOLIO HOLDINGS

CONTINUED

The United Kingdom Small Company Series

Communication Services	2.4	%
Consumer Discretionary	19.5	%
Consumer Staples	6.6	%
Energy	2.2	%
Financials	15.2	%
Health Care	3.5	%
Industrials	27.7	%
Information Technology	8.4	%
Materials	6.9	%
Real Estate	4.9	%
Utilities	2.7	%
	100.0	%

The Continental Small Company Series

Communication Services	6.0	%
Consumer Discretionary	9.0	%
Consumer Staples	5.3	%
Energy	2.7	%
Financials	13.4	%
Health Care	6.4	%
Industrials	25.0	%
Information Technology	12.2	%
Materials	7.5	%
Real Estate	7.2	%
Utilities	5.3	%
	100.0	%

The Canadian Small Company Series

Communication Services	1.7	%
Consumer Discretionary	5.2	%
Consumer Staples	5.7	%
Energy	12.6	%
Financials	9.2	%
Health Care	1.4	%
Industrials	13.0	%
Information Technology	6.4	%
Materials	33.3	%
Real Estate	4.1	%
Utilities	7.4	%
	100.0	%

The Emerging Markets Series

Communication Services	11.1	%
Consumer Discretionary	11.7	%
Consumer Staples	7.7	%
Energy	5.8	%
Financials	18.6	%
Health Care	3.3	%
Industrials	6.4	%
Information Technology	20.1	%
Materials	8.8	%
Real Estate	3.7	%
Utilities	2.8	%
	100.0	%

The Emerging Markets Small Cap Series

Communication Services	3.4	%
Consumer Discretionary	13.2	%
Consumer Staples	7.4	%
Energy	1.4	%
Financials	7.6	%
Health Care	8.0	%
Industrials	14.8	%
Information Technology	18.0	%
Materials	13.5	%
Real Estate	7.9	%
Utilities	4.8	%
	100.0	%

151

THE DFA INTERNATIONAL VALUE SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (92.8%)
AUSTRALIA — (5.6%)
	Australia & New Zealand Banking Group, Ltd.		9,179,102	$	99,707,630		1.0	%
	National Australia Bank, Ltd.		4,868,906		53,350,936		0.6	%
	Westpac Banking Corp.		7,945,749		82,668,708		0.9	%
	Other Securities				321,838,831		3.3	%
TOTAL AUSTRALIA					557,566,105		5.8	%
AUSTRIA — (0.1%)
	Other Security				6,088,524		0.1	%
BELGIUM — (0.9%)
	Other Securities				84,995,171		0.9	%
CANADA — (7.7%)
	Bank of Montreal 063671101		1,441,562		73,375,506		0.8	%
	Bank of Nova Scotia (The)		1,368,157		54,917,822		0.6	%
	Canadian Imperial Bank of Commerce		842,641		49,930,694		0.5	%
#	Canadian Natural Resources, Ltd.		3,262,390		54,677,656		0.6	%
	Magna International, Inc.		1,443,051		56,322,281		0.6	%
	Suncor Energy, Inc.		3,183,710		56,769,061		0.6	%
	Other Securities				426,956,373		4.4	%
TOTAL CANADA					772,949,393		8.1	%
DENMARK — (2.1%)
#	Vestas Wind Systems A.S		774,838		66,537,760		0.7	%
	Other Securities				142,012,223		1.5	%
TOTAL DENMARK					208,549,983		2.2	%
FINLAND — (0.9%)
	Other Securities				85,583,544		0.9	%
FRANCE — (8.8%)
	BNP Paribas SA		1,990,380		62,530,419		0.7	%
	Cie de Saint-Gobain		2,069,157		55,055,938		0.6	%
	Cie Generale des Etablissements Michelin SCA		664,554		64,209,891		0.7	%
	Orange SA		5,978,647		72,634,782		0.8	%
	Total SA		6,874,996		244,009,922		2.5	%
	Other Securities				375,135,209		3.8	%
TOTAL FRANCE					873,576,161		9.1	%
GERMANY — (6.8%)
	Allianz SE		350,466		64,496,698		0.7	%
	BASF SE		1,039,248		53,185,040		0.6	%
	Bayer AG		1,817,305		119,522,979		1.2	%
	Bayerische Motoren Werke AG		1,225,665		72,099,959		0.8	%
#	Daimler AG		3,530,733		120,761,609		1.3	%
	Volkswagen AG		125,075		18,491,559		0.2	%
	Other Securities				226,300,329		2.2	%
TOTAL GERMANY					674,858,173		7.0	%

152

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

						Percentage
		Shares		Value»		of Net Assets‡
HONG KONG — (3.2%)
	CK Hutchison Holdings, Ltd.		7,657,984	$	56,762,284		0.6	%
#	Sun Hung Kai Properties, Ltd.		4,291,920		58,686,958		0.6	%
	Other Securities				206,031,288		2.1	%
TOTAL HONG KONG					321,480,530		3.3	%
IRELAND — (0.3%)
	Other Securities				32,939,762		0.3	%
ISRAEL — (0.5%)
	Other Securities				45,252,599		0.5	%
ITALY — (1.7%)
	Other Securities				170,062,221		1.8	%
JAPAN — (22.2%)
	Hitachi, Ltd.		1,579,000		46,863,810		0.5	%
	Honda Motor Co., Ltd.		4,590,300		111,471,566		1.2	%
	Honda Motor Co., Ltd., Sponsored ADR		26,040		626,262		0.0	%
	Mitsubishi UFJ Financial Group, Inc.		11,934,650		48,215,983		0.5	%
	SoftBank Group Corp.		1,267,900		54,345,491		0.6	%
	Sumitomo Mitsui Financial Group, Inc.		2,857,600		75,146,958		0.8	%
	Toyota Motor Corp.		3,715,890		229,741,821		2.4	%
#	Toyota Motor Corp., Sponsored ADR		208,099		25,718,955		0.3	%
	Other Securities				1,625,501,892		16.8	%
TOTAL JAPAN					2,217,632,738		23.1	%
NETHERLANDS — (3.8%)
	Koninklijke Ahold Delhaize NV		5,195,538		126,149,408		1.3	%
	Koninklijke DSM NV		645,359		79,096,395		0.8	%
	Other Securities				169,967,861		1.8	%
TOTAL NETHERLANDS					375,213,664		3.9	%
NEW ZEALAND — (0.2%)
	Other Securities				18,352,417		0.2	%
NORWAY — (0.8%)
	Other Securities				82,510,483		0.9	%
PORTUGAL — (0.1%)
	Other Securities				6,634,738		0.1	%
SINGAPORE — (1.0%)
	Other Securities				104,375,040		1.1	%
SPAIN — (1.6%)
#	Banco Santander SA		49,743,328		111,145,839		1.2	%
	Other Securities				51,363,564		0.5	%
TOTAL SPAIN					162,509,403		1.7	%
SWEDEN — (2.5%)
	Other Securities				253,667,005		2.6	%

153

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

						Percentage
		Shares		Value»		of Net Assets‡
SWITZERLAND — (9.9%)
#	ABB, Ltd.		3,432,303	$	65,152,902		0.7	%
#	Cie Financiere Richemont SA		1,165,784		66,138,927		0.7	%
	Lonza Group AG		216,456		94,518,883		1.0	%
	Novartis AG		1,892,838		161,531,867		1.7	%
	Novartis AG, Sponsored ADR		404,674		34,288,028		0.4	%
	UBS Group AG		6,275,625		67,196,220		0.7	%
	Zurich Insurance Group AG		445,436		141,227,411		1.5	%
	Other Securities				360,792,374		3.6	%
TOTAL SWITZERLAND					990,846,612		10.3	%
UNITED KINGDOM — (12.1%)
	Anglo American P.L.C		2,969,516		52,812,987		0.6	%
	Aviva P.L.C		16,319,347		49,351,778		0.5	%
#	BP P.L.C., Sponsored ADR		4,082,613		97,166,189		1.0	%
	British American Tobacco P.L.C		3,024,009		116,558,048		1.2	%
#	British American Tobacco P.L.C., Sponsored ADR		838,885		32,003,463		0.3	%
	Glencore P.L.C		26,692,936		50,007,591		0.5	%
	HSBC Holdings P.L.C		13,949,143		71,697,993		0.7	%
#	HSBC Holdings P.L.C., Sponsored ADR		2,590,482		66,653,102		0.7	%
	Lloyds Banking Group P.L.C		181,694,609		73,515,093		0.8	%
	Royal Dutch Shell P.L.C., Class A		136,125		2,241,196		0.0	%
	Royal Dutch Shell P.L.C., Class B		141,340		2,262,661		0.0	%
#	Royal Dutch Shell P.L.C., Sponsored ADR, Class A		3,293,873		109,126,000		1.1	%
	Royal Dutch Shell P.L.C., Sponsored ADR, Class B		3,809,546		121,791,186		1.3	%
	Vodafone Group P.L.C		58,351,986		82,315,615		0.9	%
#	Vodafone Group P.L.C., Sponsored ADR		4,011,201		56,718,386		0.6	%
	Other Securities				220,417,832		2.3	%
TOTAL UNITED KINGDOM					1,204,639,120		12.5	%
UNITED STATES — (0.0%)
	Other Securities				4,935,255		0.0	%
TOTAL COMMON STOCKS					9,255,218,641		96.4	%
PREFERRED STOCKS — (1.2%)
GERMANY — (1.2%)
	Volkswagen AG		701,336		97,577,684		1.0	%
	Other Securities				23,667,692		0.3	%
TOTAL GERMANY					121,245,376		1.3	%
TOTAL INVESTMENT SECURITIES (Cost $12,176,939,773)					9,376,464,017
				Value†
SECURITIES LENDING COLLATERAL — (6.0%)
@§	The DFA Short Term Investment Fund		51,443,536		595,253,156		6.2	%
TOTAL INVESTMENTS—(100.0%) (Cost $12,772,010,330)				$	9,971,717,173		103.9	%

154

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

As of April 30, 2020, The DFA International 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		843		06/19/20	$	110,079,331	$	122,336,160	$	12,256,829
Total Futures Contracts					$	110,079,331	$	122,336,160	$	12,256,829

Summary of the Series’ investments as of April 30, 2020, 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	$	17,488,877	$	540,077,228		—	$	557,566,105
Austria		—		6,088,524		—		6,088,524
Belgium		—		84,995,171		—		84,995,171
Canada		772,949,393		—		—		772,949,393
Denmark		—		208,549,983		—		208,549,983
Finland		—		85,583,544		—		85,583,544
France		—		873,576,161		—		873,576,161
Germany		12,443,228		662,414,945		—		674,858,173
Hong Kong		—		321,480,530		—		321,480,530
Ireland		9,952,853		22,986,909		—		32,939,762
Israel		9,667,343		35,585,256		—		45,252,599
Italy		22,678,802		147,383,419		—		170,062,221
Japan		48,568,329		2,169,064,409		—		2,217,632,738
Netherlands		15,006,624		360,207,040		—		375,213,664
New Zealand		—		18,352,417		—		18,352,417
Norway		—		82,510,483		—		82,510,483
Portugal		—		6,634,738		—		6,634,738
Singapore		—		104,375,040		—		104,375,040
Spain		1,870,941		160,638,462		—		162,509,403
Sweden		—		253,667,005		—		253,667,005
Switzerland		60,418,836		930,427,776		—		990,846,612
United Kingdom		540,160,470		664,478,650		—		1,204,639,120
United States		4,935,255		—		—		4,935,255
Preferred Stocks
Germany		—		121,245,376		—		121,245,376
Securities Lending Collateral		—		595,253,156		—		595,253,156
Futures Contracts**		12,256,829		—		—		12,256,829
TOTAL	$	1,528,397,780	$	8,455,576,222		—	$	9,983,974,002

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

See accompanying Notes to Financial Statements.

155

THE JAPANESE SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (97.5%)
COMMUNICATION SERVICES — (2.7%)
	Internet Initiative Japan, Inc.		194,900	$	6,661,992		0.2	%
	Other Securities				76,365,988		2.6	%
TOTAL COMMUNICATION SERVICES					83,027,980		2.8	%
CONSUMER DISCRETIONARY — (16.5%)
	DCM Holdings Co., Ltd.		713,300		6,969,748		0.2	%
	Keihin Corp.		340,100		8,112,526		0.3	%
	Nissin Kogyo Co., Ltd.		316,900		6,575,092		0.2	%
	Showa Corp.		399,000		8,384,143		0.3	%
	Other Securities				468,135,642		15.6	%
TOTAL CONSUMER DISCRETIONARY					498,177,151		16.6	%
CONSUMER STAPLES — (7.9%)
	cocokara fine, Inc.		147,860		6,973,253		0.2	%
	Milbon Co., Ltd.		154,752		6,792,295		0.2	%
	Morinaga Milk Industry Co., Ltd.		247,900		9,608,114		0.3	%
#	Nippon Suisan Kaisha, Ltd.		1,703,900		7,581,437		0.3	%
	Other Securities				209,498,962		7.0	%
TOTAL CONSUMER STAPLES					240,454,061		8.0	%
ENERGY — (1.2%)
	Iwatani Corp.		272,400		9,305,776		0.3	%
	Other Securities				28,172,624		0.9	%
TOTAL ENERGY					37,478,400		1.2	%
FINANCIALS — (8.5%)
	Fuyo General Lease Co., Ltd.		143,700		7,184,894		0.2	%
	Hokuhoku Financial Group, Inc.		920,400		7,478,464		0.3	%
	Jafco Co., Ltd.		239,900		7,684,945		0.3	%
	Kiyo Bank, Ltd. (The)		475,390		7,024,690		0.2	%
	Shiga Bank, Ltd. (The)		331,300		7,803,181		0.3	%
	Other Securities				220,832,533		7.3	%
TOTAL FINANCIALS					258,008,707		8.6	%
HEALTH CARE — (4.9%)
	Jeol, Ltd.		266,300		7,873,941		0.3	%
	Menicon Co., Ltd.		179,200		7,777,278		0.3	%
	Miraca Holdings, Inc.		435,200		10,897,202		0.4	%
	Other Securities				121,964,737		3.9	%
TOTAL HEALTH CARE					148,513,158		4.9	%
INDUSTRIALS — (29.0%)
#	DMG Mori Co., Ltd.		670,800		6,858,714		0.2	%
	Duskin Co., Ltd.		331,300		8,561,147		0.3	%
#	Fuji Corp.		477,000		7,986,546		0.3	%
	Furukawa Electric Co., Ltd.		394,400		7,423,638		0.3	%
	Hazama Ando Corp.		1,473,200		9,174,712		0.3	%

156

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
INDUSTRIALS — (Continued)
	Inaba Denki Sangyo Co., Ltd.		390,200	$	8,254,948		0.3	%
#	Maeda Corp.		930,800		7,466,234		0.3	%
	Meitec Corp.		204,100		9,011,874		0.3	%
	Mirait Holdings Corp.		581,635		7,513,430		0.3	%
	Nichias Corp.		453,400		9,013,564		0.3	%
	Nikkon Holdings Co., Ltd.		385,300		7,481,555		0.3	%
#	Nishimatsu Construction Co., Ltd.		398,600		7,547,806		0.3	%
	Nisshinbo Holdings, Inc.		990,480		6,905,893		0.2	%
	Penta-Ocean Construction Co., Ltd.		1,716,400		8,671,050		0.3	%
	Senko Group Holdings Co., Ltd.		852,800		6,950,191		0.2	%
	TOKAI Holdings Corp.		738,800		6,677,294		0.2	%
	Ushio, Inc.		949,300		10,010,046		0.3	%
	Other Securities				742,773,967		24.5	%
TOTAL INDUSTRIALS					878,282,609		29.2	%
INFORMATION TECHNOLOGY — (12.9%)
	Daiwabo Holdings Co., Ltd.		131,300		8,088,734		0.3	%
	Japan Material Co., Ltd.		451,000		6,528,790		0.2	%
	NSD Co., Ltd.		559,460		7,922,113		0.3	%
	Shinko Electric Industries Co., Ltd.		535,400		6,682,951		0.2	%
	Systena Corp.		531,900		7,477,765		0.3	%
	Tokyo Seimitsu Co., Ltd.		291,800		9,438,815		0.3	%
	Topcon Corp.		815,500		6,695,940		0.2	%
	Other Securities				337,603,777		11.2	%
TOTAL INFORMATION TECHNOLOGY					390,438,885		13.0	%
MATERIALS — (10.5%)
	ADEKA Corp.		654,200		8,214,890		0.3	%
	Mitsui Mining & Smelting Co., Ltd.		451,000		8,414,400		0.3	%
	Nippon Light Metal Holdings Co., Ltd.		4,269,500		6,724,107		0.2	%
#	Sumitomo Osaka Cement Co., Ltd.		265,199		8,629,840		0.3	%
	Toagosei Co., Ltd.		822,800		7,528,080		0.3	%
	Tokuyama Corp.		414,298		8,741,684		0.3	%
	Toyobo Co., Ltd.		667,400		7,774,416		0.3	%
	Other Securities				261,018,996		8.6	%
TOTAL MATERIALS					317,046,413		10.6	%
REAL ESTATE — (1.8%)
	Other Securities				54,907,333		1.8	%
UTILITIES — (1.6%)
	Nippon Gas Co., Ltd.		210,300		6,935,460		0.2	%
	Other Securities				40,828,989		1.4	%
TOTAL UTILITIES					47,764,449		1.6	%
TOTAL COMMON STOCKS (Cost $3,087,490,509)					2,954,099,146		98.3	%

157

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

		Shares		Value†		Percentage of Net Assets‡
SECURITIES LENDING COLLATERAL — (2.5%)
@§	The DFA Short Term Investment Fund		6,480,173	$	74,982,086		2.5	%
TOTAL INVESTMENTS—(100.0%) (Cost $3,162,447,932)				$	3,029,081,232		100.8	%

Summary of the Series’ investments as of April 30, 2020, 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		—	$	83,027,980		—	$	83,027,980
Consumer Discretionary	$	1,214,652		496,962,499		—		498,177,151
Consumer Staples		—		240,454,061		—		240,454,061
Energy		—		37,478,400		—		37,478,400
Financials		—		258,008,707		—		258,008,707
Health Care		—		148,513,158		—		148,513,158
Industrials		—		878,282,609		—		878,282,609
Information Technology		—		390,438,885		—		390,438,885
Materials		—		317,046,413		—		317,046,413
Real Estate		310,528		54,596,805		—		54,907,333
Utilities		—		47,764,449		—		47,764,449
Securities Lending Collateral		—		74,982,086		—		74,982,086
TOTAL	$	1,525,180	$	3,027,556,052		—	$	3,029,081,232

See accompanying Notes to Financial Statements.

158

THE ASIA PACIFIC SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

						Percentage
		Shares		Value»		of Net Assets‡
COMMON STOCKS — (96.7%)
AUSTRALIA — (50.7%)
	Ansell, Ltd.		700,311	$	12,915,269		1.0	%
#	Bank of Queensland, Ltd.		2,104,987		7,097,666		0.6	%
	Bapcor, Ltd.		2,370,755		7,548,884		0.6	%
	Breville Group, Ltd.		788,368		8,921,355		0.7	%
	Carsales.com, Ltd.		1,320,135		12,076,314		0.9	%
	Cleanaway Waste Management, Ltd.		8,694,486		10,490,102		0.8	%
	CSR, Ltd.		3,445,365		8,280,714		0.6	%
	Elders, Ltd.		1,232,076		6,908,087		0.5	%
	Healius, Ltd.		4,144,191		6,931,385		0.5	%
	IGO, Ltd.		3,070,006		9,313,395		0.7	%
	Iluka Resources, Ltd.		1,361,287		6,752,038		0.5	%
#	InvoCare, Ltd.		1,186,587		7,935,190		0.6	%
	IRESS, Ltd.		1,132,562		8,261,080		0.6	%
#	JB Hi-Fi, Ltd.		532,116		12,029,759		0.9	%
#	Metcash, Ltd.		7,963,936		12,845,372		1.0	%
#	Mineral Resources, Ltd.		1,213,862		13,082,811		1.0	%
*	NEXTDC, Ltd.		2,176,341		12,419,886		1.0	%
	nib holdings, Ltd.		3,261,361		10,422,419		0.8	%
	Nine Entertainment Co. Holdings, Ltd.		9,297,395		8,552,466		0.7	%
#*	Nufarm, Ltd.		2,076,155		7,051,021		0.6	%
	Orora, Ltd.		8,341,282		13,862,055		1.1	%
	OZ Minerals, Ltd.		2,218,981		12,790,711		1.0	%
	Pendal Group, Ltd.		2,052,929		7,290,853		0.6	%
#	Perpetual, Ltd.		350,481		6,812,863		0.5	%
	Premier Investments, Ltd.		732,415		7,340,343		0.6	%
	Regis Resources, Ltd.		3,188,786		9,117,917		0.7	%
*	Saracen Mineral Holdings, Ltd.		6,862,422		18,820,844		1.5	%
#*	Silver Lake Resources, Ltd.		7,807,789		9,643,652		0.8	%
	Spark Infrastructure Group		11,520,334		14,149,222		1.1	%
#	St Barbara, Ltd.		5,157,916		8,489,655		0.7	%
	Steadfast Group, Ltd.		5,683,479		11,223,075		0.9	%
	Technology One, Ltd.		1,748,272		10,724,852		0.8	%
*	Vocus Group, Ltd.		4,546,270		9,025,141		0.7	%
	Other Securities				343,964,245		26.6	%
TOTAL AUSTRALIA					673,090,641		52.2	%
CHINA — (1.0%)
	Other Securities				13,652,716		1.1	%
HONG KONG — (24.0%)
#	HKBN, Ltd.		4,262,500		7,340,509		0.6	%
	Luk Fook Holdings International, Ltd.		3,902,000		8,355,100		0.7	%
	Man Wah Holdings, Ltd.		15,887,200		9,123,702		0.7	%
#	United Laboratories International Holdings, Ltd. (The)		7,996,000		6,906,713		0.5	%
	VTech Holdings, Ltd.		1,438,200		10,844,019		0.9	%
	Other Securities				275,903,379		21.3	%
TOTAL HONG KONG					318,473,422		24.7	%
JAPAN — (0.1%)
	Other Security				545,684		0.1	%

159

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
NEW ZEALAND — (6.1%)
	Chorus, Ltd.		3,219,258	$	14,048,975		1.1	%
	Infratil, Ltd.		4,079,957		11,423,845		0.9	%
	Mainfreight, Ltd.		338,941		7,521,649		0.6	%
	SKYCITY Entertainment Group, Ltd.		4,624,657		7,463,752		0.6	%
	Other Securities				40,759,812		3.1	%
TOTAL NEW ZEALAND					81,218,033		6.3	%
SINGAPORE — (14.5%)
#	IGG, Inc.		10,817,000		6,877,494		0.5	%
	Keppel Infrastructure Trust		19,465,946		6,816,898		0.5	%
#	Sembcorp Industries, Ltd.		7,106,600		8,141,362		0.6	%
#	Singapore Post, Ltd.		13,246,100		6,825,628		0.5	%
#	Singapore Press Holdings, Ltd.		7,633,400		8,197,145		0.6	%
	StarHub, Ltd.		7,155,500		7,538,071		0.6	%
	Venture Corp., Ltd.		971,100		10,852,703		0.8	%
	Yangzijiang Shipbuilding Holdings Ltd.		20,062,000		13,911,602		1.1	%
	Other Securities				123,301,671		9.7	%
TOTAL SINGAPORE					192,462,574		14.9	%
UNITED STATES — (0.3%)
	Other Securities				3,850,943		0.3	%
TOTAL COMMON STOCKS					1,283,294,013		99.6	%
RIGHTS/WARRANTS — (0.0%)
SINGAPORE — (0.0%)
	Other Securities				2,149		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $1,689,994,287)					1,283,296,162
				Value†
SECURITIES LENDING COLLATERAL — (3.3%)
@§	The DFA Short Term Investment Fund		3,817,980		44,177,849		3.4	%
TOTAL INVESTMENTS—(100.0%) (Cost $1,734,164,083)				$	1,327,474,011		103.0	%

Summary of the Series’ investments as of April 30, 2020, 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	$	5,101,787	$	667,988,854		—	$	673,090,641
China		—		13,652,716		—		13,652,716
Hong Kong		55,118		318,418,304		—		318,473,422
Japan		—		545,684		—		545,684
New Zealand		—		81,218,033		—		81,218,033
Singapore		—		192,462,574		—		192,462,574
United States		92,544		3,758,399		—		3,850,943
Rights/Warrants
Singapore		—		2,149		—		2,149
Securities Lending Collateral		—		44,177,849		—		44,177,849
TOTAL	$	5,249,449	$	1,322,224,562		—	$	1,327,474,011

See accompanying Notes to Financial Statements.

160

THE UNITED KINGDOM SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (97.7%)
COMMUNICATION SERVICES — (2.4%)
	Other Securities			$	37,034,154		2.5	%
CONSUMER DISCRETIONARY — (19.1%)
	B&M European Value Retail SA		3,874,468		16,202,811		1.1	%
	Bellway P.L.C		533,292		17,844,656		1.2	%
*	Boohoo Group P.L.C		4,032,544		16,385,934		1.1	%
	Countryside Properties P.L.C		2,676,835		13,637,915		0.9	%
	Domino’s Pizza Group P.L.C		3,598,386		15,593,195		1.0	%
	Games Workshop Group P.L.C		205,563		15,557,948		1.0	%
	Greggs P.L.C		617,131		14,194,734		0.9	%
	Inchcape P.L.C		2,472,981		15,577,529		1.0	%
	Moneysupermarket.com Group P.L.C		3,466,544		13,811,687		0.9	%
	Vistry Group P.L.C		1,402,614		14,244,330		0.9	%
	WH Smith P.L.C		704,933		11,127,102		0.7	%
	Other Securities				131,211,005		8.8	%
TOTAL CONSUMER DISCRETIONARY					295,388,846		19.5	%
CONSUMER STAPLES — (6.4%)
	Britvic P.L.C		1,585,438		14,593,509		1.0	%
	Cranswick P.L.C		379,748		17,762,216		1.2	%
	Fevertree Drinks P.L.C		610,255		13,319,554		0.9	%
	Tate & Lyle P.L.C		2,642,463		23,677,422		1.6	%
	Other Securities				29,949,151		1.8	%
TOTAL CONSUMER STAPLES					99,301,852		6.5	%
ENERGY — (2.2%)
	Other Securities				33,585,658		2.2	%
FINANCIALS — (14.9%)
	Beazley P.L.C		2,964,842		14,659,781		1.0	%
	Close Brothers Group P.L.C		1,010,082		13,851,255		0.9	%
	IG Group Holdings P.L.C		2,614,873		24,784,386		1.6	%
	Intermediate Capital Group P.L.C		1,179,480		16,685,857		1.1	%
	Man Group P.L.C		10,433,201		17,479,855		1.2	%
	Quilter P.L.C		10,292,590		15,918,055		1.1	%
	TP ICAP P.L.C		3,733,089		15,937,371		1.1	%
	Other Securities				110,858,821		7.2	%
TOTAL FINANCIALS					230,175,381		15.2	%
HEALTH CARE — (3.4%)
	ConvaTec Group P.L.C		4,782,680		12,774,170		0.8	%
	Other Securities				40,894,149		2.7	%
TOTAL HEALTH CARE					53,668,319		3.5	%
INDUSTRIALS — (27.1%)
	Babcock International Group P.L.C		3,043,024		16,117,879		1.1	%
	Balfour Beatty P.L.C		4,805,553		15,640,645		1.0	%
	Diploma P.L.C		780,435		16,915,682		1.1	%
	G4S P.L.C		9,287,044		12,749,084		0.8	%

161

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
INDUSTRIALS — (Continued)
	Grafton Group P.L.C		1,587,551	$	12,667,710		0.8	%
	Hays P.L.C		9,080,700		12,371,760		0.8	%
	HomeServe P.L.C		959,826		13,444,910		0.9	%
	Howden Joinery Group P.L.C		3,370,761		22,227,495		1.5	%
	IMI P.L.C		1,745,630		18,151,194		1.2	%
	John Laing Group P.L.C		2,506,978		11,501,156		0.8	%
	QinetiQ Group P.L.C		3,964,771		15,161,894		1.0	%
	Rotork P.L.C		5,397,898		16,827,519		1.1	%
	Signature Aviation P.L.C		5,602,723		13,759,791		0.9	%
	Travis Perkins P.L.C		1,545,039		20,174,312		1.3	%
	Ultra Electronics Holdings P.L.C		591,619		14,646,810		1.0	%
	Other Securities				186,477,111		12.3	%
TOTAL INDUSTRIALS					418,834,952		27.6	%
INFORMATION TECHNOLOGY — (8.2%)
	Electrocomponents P.L.C		2,748,853		19,967,713		1.3	%
	Softcat P.L.C		810,023		11,502,047		0.8	%
	Spectris P.L.C		704,273		23,748,569		1.6	%
	Spirent Communications P.L.C		4,124,361		12,476,072		0.8	%
	Other Securities				58,928,665		3.8	%
TOTAL INFORMATION TECHNOLOGY					126,623,066		8.3	%
MATERIALS — (6.7%)
	Centamin P.L.C		8,142,932		15,766,130		1.0	%
	Marshalls P.L.C		1,450,097		11,614,043		0.8	%
	Victrex P.L.C		608,813		15,254,389		1.0	%
	Other Securities				60,936,224		4.0	%
TOTAL MATERIALS					103,570,786		6.8	%
REAL ESTATE — (4.7%)
	Grainger P.L.C		4,445,647		14,936,110		1.0	%
#	IWG P.L.C		4,261,590		12,743,575		0.9	%
	Savills P.L.C		1,018,529		12,399,395		0.8	%
	St. Modwen Properties P.L.C		2,718,738		12,599,082		0.8	%
	Other Securities				20,959,282		1.4	%
TOTAL REAL ESTATE					73,637,444		4.9	%
UTILITIES — (2.6%)
	Pennon Group P.L.C		1,702,549		23,443,830		1.5	%
	Other Securities				16,621,887		1.1	%
TOTAL UTILITIES					40,065,717		2.6	%
TOTAL COMMON STOCKS (Cost $1,836,577,231)					1,511,886,175		99.6	%
				Value†
SECURITIES LENDING COLLATERAL — (2.3%)
@§	The DFA Short Term Investment Fund		3,058,453		35,389,358		2.3	%
TOTAL INVESTMENTS—(100.0%) (Cost $1,871,958,338)				$	1,547,275,533		101.9	%

162

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

Summary of the Series’ investments as of April 30, 2020, 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		—	$	37,034,154		—	$	37,034,154
Consumer Discretionary		—		295,388,846		—		295,388,846
Consumer Staples		—		99,301,852		—		99,301,852
Energy		—		33,585,658		—		33,585,658
Financials		—		230,175,381		—		230,175,381
Health Care		—		53,668,319		—		53,668,319
Industrials		—		418,834,952		—		418,834,952
Information Technology		—		126,623,066		—		126,623,066
Materials		—		103,570,786		—		103,570,786
Real Estate		—		73,637,444		—		73,637,444
Utilities		—		40,065,717		—		40,065,717
Securities Lending Collateral		—		35,389,358		—		35,389,358
TOTAL		—	$	1,547,275,533		—	$	1,547,275,533

See accompanying Notes to Financial Statements.

163

THE CONTINENTAL SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (90.3%)
AUSTRIA — (3.2%)
	Other Securities			$	158,666,494		3.5	%
BELGIUM — (3.6%)
	Ackermans & van Haaren NV		169,457		22,459,429		0.5	%
	Elia Group SA		195,211		22,445,918		0.5	%
	Other Securities				130,163,119		2.9	%
TOTAL BELGIUM					175,068,466		3.9	%
DENMARK — (4.8%)
#	Pandora A.S		509,474		18,116,145		0.4	%
*	Royal Unibrew A.S		347,808		26,908,597		0.6	%
	SimCorp A.S		282,473		26,091,698		0.6	%
#	Topdanmark A.S		467,367		18,866,343		0.4	%
	Other Securities				147,133,168		3.3	%
TOTAL DENMARK					237,115,951		5.3	%
FINLAND — (5.9%)
	Huhtamaki Oyj		689,459		25,733,407		0.6	%
	Kesko Oyj, Class B		1,512,192		24,639,804		0.6	%
	Metso Oyj		667,333		18,514,555		0.4	%
#	Nokian Renkaat Oyj		883,124		18,762,255		0.4	%
	Orion Oyj, Class B		661,199		33,601,033		0.7	%
#	Valmet Oyj		947,069		21,658,579		0.5	%
	Other Securities				146,519,322		3.2	%
TOTAL FINLAND					289,428,955		6.4	%
FRANCE — (9.1%)
	Ingenico Group SA		410,246		51,616,231		1.2	%
	Rexel SA		2,202,448		20,570,368		0.5	%
	Rubis SCA		567,106		25,407,772		0.6	%
	Other Securities				348,314,732		7.6	%
TOTAL FRANCE					445,909,103		9.9	%
GERMANY — (14.3%)
	Bechtle AG		219,385		31,726,910		0.7	%
	CTS Eventim AG & Co. KGaA		416,756		17,325,294		0.4	%
	Freenet AG		1,025,255		19,449,778		0.4	%
	GEA Group AG		879,706		20,187,392		0.5	%
	Gerresheimer AG		254,880		20,270,422		0.5	%
	Grand City Properties SA		809,750		16,933,419		0.4	%
	Lanxess AG		602,345		29,638,624		0.7	%
#*	OSRAM Licht AG		602,174		26,498,333		0.6	%
	Rheinmetall AG		315,288		21,338,429		0.5	%
	TAG Immobilien AG		954,559		20,908,346		0.5	%
	Other Securities				476,571,464		10.4	%
TOTAL GERMANY					700,848,411		15.6	%

164

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
IRELAND — (0.5%)
	Other Securities			$	25,736,870		0.6	%
ISRAEL — (3.3%)
	Other Securities				161,927,098		3.6	%
ITALY — (8.9%)
	Hera SpA		4,939,246		18,283,795		0.4	%
	Italgas SpA		3,480,238		19,499,148		0.4	%
#	Prysmian SpA		1,011,006		19,075,650		0.4	%
#	Unione di Banche Italiane SpA		7,777,728		22,296,206		0.5	%
	Other Securities				359,442,420		8.0	%
TOTAL ITALY					438,597,219		9.7	%
NETHERLANDS — (7.4%)
#	Aalberts NV		720,308		20,283,657		0.5	%
	ASM International NV		322,669		35,674,395		0.8	%
	ASR Nederland NV		873,857		23,418,651		0.5	%
#	BE Semiconductor Industries NV		550,104		22,766,489		0.5	%
	Euronext NV		372,261		31,252,799		0.7	%
#	IMCD NV		357,089		31,532,400		0.7	%
*	Just Eat Takeaway.com NV		187,426		19,265,738		0.4	%
	Other Securities				181,142,411		4.0	%
TOTAL NETHERLANDS					365,336,540		8.1	%
NORWAY — (2.0%)
	Other Securities				98,171,422		2.2	%
PORTUGAL — (0.8%)
	Other Securities				40,514,478		0.9	%
SPAIN — (5.7%)
	Acciona SA		173,951		17,241,106		0.4	%
	Bolsas y Mercados Espanoles SHMSF SA		501,422		18,296,087		0.4	%
	Enagas SA		991,410		23,141,213		0.5	%
	Viscofan SA		280,336		17,966,233		0.4	%
	Other Securities				202,527,633		4.5	%
TOTAL SPAIN					279,172,272		6.2	%
SWEDEN — (7.0%)
	Other Securities				346,399,966		7.7	%
SWITZERLAND — (13.3%)
	Allreal Holding AG		114,189		21,209,678		0.5	%
*	ams AG		1,516,165		19,902,480		0.4	%
	Belimo Holding AG		3,028		20,159,196		0.5	%
	Cembra Money Bank AG		187,433		17,818,848		0.4	%
	Georg Fischer AG		31,555		23,549,456		0.5	%
	Helvetia Holding AG		216,663		19,750,026		0.4	%
	PSP Swiss Property AG		331,480		38,507,157		0.9	%
	Sunrise Communications Group AG		271,523		21,749,410		0.5	%
	VAT Group AG		205,035		33,839,258		0.8	%
	Other Securities				436,600,969		9.6	%
TOTAL SWITZERLAND					653,086,478		14.5	%

165

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
UNITED KINGDOM — (0.5%)
*	Dialog Semiconductor P.L.C		601,965	$	18,904,625		0.4	%
	Other Security				4,026,556		0.1	%
TOTAL UNITED KINGDOM					22,931,181		0.5	%
TOTAL COMMON STOCKS					4,438,910,904		98.6	%
PREFERRED STOCKS — (0.6%)
GERMANY — (0.6%)
	Other Securities				31,562,840		0.7	%
RIGHTS/WARRANTS — (0.0%)
FRANCE — (0.0%)
	Other Security				4,799		0.0	%
NORWAY — (0.0%)
	Other Security				103,927		0.0	%
ISRAEL — (0.0%)
	Other Security				12,464		0.0	%
TOTAL RIGHTS/WARRANTS					121,190		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $4,808,610,615)					4,470,594,934
				Value†
SECURITIES LENDING COLLATERAL — (9.1%)
@§	The DFA Short Term Investment Fund		38,464,244		445,069,770		9.9	%
TOTAL INVESTMENTS—(100.0%) (Cost $5,253,612,807)				$	4,915,664,704		109.2	%

Summary of the Series’ investments as of April 30, 2020, 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		—	$	158,666,494		—	$	158,666,494
Belgium	$	1,814,330		173,254,136		—		175,068,466
Denmark		—		237,115,951		—		237,115,951
Finland		—		289,428,955		—		289,428,955
France		—		445,909,103		—		445,909,103
Germany		16,917,414		683,930,997		—		700,848,411
Ireland		—		25,736,870		—		25,736,870
Israel		617,686		161,309,412		—		161,927,098
Italy		—		438,597,219		—		438,597,219
Netherlands		—		365,336,540		—		365,336,540
Norway		196,521		97,974,901		—		98,171,422
Portugal		—		40,514,478		—		40,514,478
Spain		—		279,172,272		—		279,172,272
Sweden		—		346,399,966		—		346,399,966

166

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Switzerland		—	$	653,086,478		—	$	653,086,478
United Kingdom		—		22,931,181		—		22,931,181
Preferred Stocks
Germany		—		31,562,840		—		31,562,840
Rights/Warrants
France		—		4,799		—		4,799
Israel		—		12,464		—		12,464
Norway		—		103,927		—		103,927
Securities Lending Collateral		—		445,069,770		—		445,069,770
TOTAL	$	19,545,951	$	4,896,118,753		—	$	4,915,664,704

See accompanying Notes to Financial Statements.

167

THE CANADIAN SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (87.2%)
COMMUNICATION SERVICES — (1.5%)
	Other Securities			$	13,996,737		1.7	%
CONSUMER DISCRETIONARY — (4.6%)
	BRP, Inc.		198,471		5,940,085		0.7	%
#*	Great Canadian Gaming Corp.		428,062		8,337,053		1.0	%
	Other Securities				28,891,733		3.5	%
TOTAL CONSUMER DISCRETIONARY					43,168,871		5.2	%
CONSUMER STAPLES — (4.9%)
#	Jamieson Wellness, Inc.		275,646		6,231,962		0.8	%
#	Premium Brands Holdings Corp.		169,351		10,212,524		1.2	%
	Primo Water Corp. BLKVVX9		860,792		8,812,304		1.1	%
	Other Securities				21,383,086		2.5	%
TOTAL CONSUMER STAPLES					46,639,876		5.6	%
ENERGY — (11.0%)
#	ARC Resources, Ltd.		2,215,726		9,343,950		1.1	%
	Gibson Energy, Inc.		940,791		13,402,698		1.6	%
*	Parex Resources, Inc.		783,991		8,594,923		1.0	%
#	PrairieSky Royalty, Ltd.		939,049		6,867,717		0.8	%
	Tourmaline Oil Corp.		924,973		9,170,320		1.1	%
	Other Securities				56,403,555		7.0	%
TOTAL ENERGY					103,783,163		12.6	%
FINANCIALS — (8.0%)
#	Canadian Western Bank		451,802		7,150,543		0.9	%
	ECN Capital Corp.		2,488,693		7,062,278		0.9	%
	Element Fleet Management Corp.		1,454,521		10,731,657		1.3	%
#	Laurentian Bank of Canada		412,090		9,204,266		1.1	%
	Other Securities				41,783,022		5.0	%
TOTAL FINANCIALS					75,931,766		9.2	%
HEALTH CARE — (1.3%)
	Other Securities				11,805,285		1.4	%
INDUSTRIALS — (11.3%)
#*	ATS Automation Tooling Systems, Inc.		454,823		6,747,437		0.8	%
	Finning International, Inc.		791,189		10,043,687		1.2	%
	Morneau Shepell, Inc.		401,948		9,716,980		1.2	%
#	Richelieu Hardware, Ltd.		361,973		6,875,654		0.8	%
#	Stantec, Inc.		544,655		16,054,596		1.9	%
	TFI International, Inc.		522,189		14,480,761		1.8	%
	Other Securities				43,201,334		5.3	%
TOTAL INDUSTRIALS					107,120,449		13.0	%
INFORMATION TECHNOLOGY — (5.6%)
#*	BlackBerry, Ltd.		1,068,371		4,559,161		0.6	%
#*	BlackBerry, Ltd.		1,509,373		6,460,116		0.8	%

168

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
INFORMATION TECHNOLOGY — (Continued)
	Enghouse Systems, Ltd.		268,465	$	10,058,156		1.2	%
*	Kinaxis, Inc.		157,530		15,835,050		1.9	%
	Other Securities				16,001,943		1.9	%
TOTAL INFORMATION TECHNOLOGY					52,914,426		6.4	%
MATERIALS — (29.0%)
*	Alacer Gold Corp.		2,084,220		10,690,995		1.3	%
	Alamos Gold, Inc., Class A		2,227,027		17,935,247		2.2	%
	B2Gold Corp.		1,281,810		6,482,950		0.8	%
	Centerra Gold, Inc.		1,540,453		12,317,428		1.5	%
	Dundee Precious Metals, Inc.		1,302,522		6,073,040		0.7	%
*	Eldorado Gold Corp.		700,703		6,680,072		0.8	%
#*	Endeavour Mining Corp.		442,456		7,965,759		1.0	%
*	IAMGOLD Corp.		2,447,564		8,563,265		1.0	%
*	Ivanhoe Mines, Ltd., Class A		3,084,210		6,469,983		0.8	%
	Osisko Gold Royalties, Ltd.		894,514		8,167,879		1.0	%
#	Pan American Silver Corp.		1,105,470		23,507,963		2.8	%
#*	Sandstorm Gold, Ltd.		1,125,794		8,743,010		1.1	%
*	SSR Mining, Inc.		785,205		13,758,504		1.7	%
#	Stella-Jones, Inc.		244,702		6,100,190		0.7	%
*	Torex Gold Resources, Inc.		477,516		6,795,928		0.8	%
*	Wesdome Gold Mines Ltd.		923,729		7,074,213		0.9	%
	West Fraser Timber Co., Ltd.		241,862		6,731,372		0.8	%
	Winpak, Ltd.		190,506		6,343,585		0.8	%
	Yamana Gold, Inc.		3,304,447		15,573,241		1.9	%
	Other Securities				88,262,155		10.5	%
TOTAL MATERIALS					274,236,779		33.1	%
REAL ESTATE — (3.6%)
	Altus Group, Ltd.		261,893		7,907,872		0.9	%
	Colliers International Group, Inc.		165,544		9,085,029		1.1	%
#	Tricon Capital Group, Inc.		1,104,900		6,421,668		0.8	%
	Other Securities				10,792,745		1.3	%
TOTAL REAL ESTATE					34,207,314		4.1	%
UTILITIES — (6.4%)
	Boralex, Inc., Class A		549,954		10,647,840		1.3	%
	Capital Power Corp.		771,649		14,934,605		1.8	%
	Innergex Renewable Energy, Inc.		800,557		10,743,492		1.3	%
	TransAlta Corp. 2901628		1,784,708		10,500,922		1.3	%
#	TransAlta Renewables, Inc.		652,739		7,052,836		0.9	%
	Other Securities				7,036,158		0.8	%
TOTAL UTILITIES					60,915,853		7.4	%
TOTAL COMMON STOCKS					824,720,519		99.7	%
RIGHTS/WARRANTS — (0.1%)
ENERGY — (0.0%)
	Other Security				54		0.0	%

169

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

						Percentage
		Shares		Value»		of Net Assets‡
MATERIALS — (0.1%)
	Other Security			$	900,679		0.1	%
TOTAL RIGHTS/WARRANTS					900,733		0.1	%
TOTAL INVESTMENT SECURITIES (Cost $1,142,670,703)					825,621,252
				Value†
SECURITIES LENDING COLLATERAL — (12.7%)
@§	The DFA Short Term Investment Fund		10,363,134		119,911,823		14.5	%
TOTAL INVESTMENTS—(100.0%) (Cost $1,262,557,300)				$	945,533,075		114.3	%

Summary of the Series’ investments as of April 30, 2020, 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	$	13,996,737		—		—	$	13,996,737
Consumer Discretionary		41,557,408	$	1,611,463		—		43,168,871
Consumer Staples		46,639,876		—		—		46,639,876
Energy		103,782,486		677		—		103,783,163
Financials		75,931,766		—		—		75,931,766
Health Care		11,805,285		—		—		11,805,285
Industrials		107,120,449		—		—		107,120,449
Information Technology		52,914,426		—		—		52,914,426
Materials		274,236,418		361		—		274,236,779
Real Estate		34,207,314		—		—		34,207,314
Utilities		60,915,853		—		—		60,915,853
Rights/Warrants
Energy		—		54		—		54
Materials		—		900,679		—		900,679
Securities Lending Collateral		—		119,911,823		—		119,911,823
TOTAL	$	823,108,018	$	122,425,057		—	$	945,533,075

See accompanying Notes to Financial Statements.

170

THE EMERGING MARKETS SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

						Percentage
		Shares		Value»		of Net Assets‡
COMMON STOCKS — (96.9%)
BRAZIL — (4.2%)
	Vale SA		3,260,013	$	26,893,500		0.5	%
	Other Securities				199,521,427		3.7	%
TOTAL BRAZIL					226,414,927		4.2	%
CHILE — (0.8%)
	Other Securities				43,561,794		0.8	%
CHINA — (29.6%)
*	Alibaba Group Holding, Ltd., Sponsored ADR		820,397		166,269,873		3.1	%
*	Baidu, Inc., Sponsored ADR		251,456		25,379,454		0.5	%
	Bank of China, Ltd., Class H		47,943,181		18,252,100		0.3	%
	China Construction Bank Corp., Class H		76,613,590		61,494,905		1.2	%
	China Merchants Bank Co., Ltd., Class H		3,814,554		18,051,647		0.3	%
#	China Mobile, Ltd., Sponsored ADR		985,751		39,400,467		0.7	%
	China Overseas Land & Investment, Ltd.		8,252,500		30,484,287		0.6	%
#	China Pacific Insurance Group Co., Ltd., Class H		4,381,600		14,496,215		0.3	%
	China Resources Land, Ltd.		5,224,666		21,589,382		0.4	%
	Country Garden Holdings Co., Ltd.		13,960,087		18,083,552		0.3	%
#	Geely Automobile Holdings, Ltd.		9,846,000		15,315,665		0.3	%
	Hengan International Group Co., Ltd.		1,801,500		16,020,639		0.3	%
	Industrial & Commercial Bank of China, Ltd., Class H		51,034,185		34,218,887		0.6	%
	Longfor Group Holdings, Ltd.		2,962,500		15,061,441		0.3	%
	NetEase, Inc., ADR		66,818		23,049,537		0.4	%
	Ping An Insurance Group Co. of China, Ltd., Class H		5,575,000		56,732,640		1.1	%
	Shenzhou International Group Holdings, Ltd.		1,251,200		14,440,889		0.3	%
	Sino Biopharmaceutical, Ltd.		13,413,000		19,550,777		0.4	%
#	Sunac China Holdings, Ltd.		4,813,000		21,529,758		0.4	%
	Tencent Holdings, Ltd.		4,136,100		217,432,430		4.1	%
*	Vipshop Holdings, Ltd., ADR		978,073		15,580,703		0.3	%
	Yum China Holdings, Inc.		404,145		19,584,867		0.4	%
	Other Securities				700,426,910		13.1	%
TOTAL CHINA					1,582,447,025		29.7	%
COLOMBIA — (0.2%)
	Other Securities				13,457,692		0.2	%
CZECH REPUBLIC — (0.1%)
	Other Securities				5,175,884		0.1	%
EGYPT — (0.1%)
	Other Securities				5,721,808		0.1	%
GREECE — (0.3%)
	Other Securities				14,600,465		0.3	%
HUNGARY — (0.4%)
	Other Securities				19,309,144		0.4	%
INDIA — (11.4%)
*	Bharti Airtel, Ltd.		2,109,825		14,375,148		0.3	%

171

THE EMERGING MARKETS SERIES

CONTINUED

						Percentage
		Shares		Value»		of Net Assets‡
INDIA — (Continued)
	HDFC Bank Ltd.		2,767,968	$	36,282,920		0.7	%
	Hindustan Unilever, Ltd.		860,496		25,029,633		0.5	%
	Housing Development Finance Corp., Ltd.		950,283		24,039,098		0.5	%
	Infosys, Ltd.		3,098,099		28,940,119		0.5	%
	Reliance Industries, Ltd.		2,888,961		56,093,472		1.1	%
	Tata Consultancy Services, Ltd.		1,056,733		28,045,010		0.5	%
	Other Securities				394,067,524		7.3	%
TOTAL INDIA					606,872,924		11.4	%
INDONESIA — (2.0%)
	Bank Central Asia Tbk PT		8,034,700		13,917,625		0.3	%
	Other Securities				93,995,339		1.7	%
TOTAL INDONESIA					107,912,964		2.0	%
MALAYSIA — (2.4%)
	Public Bank Bhd		3,656,014		13,894,928		0.3	%
	Other Securities				112,365,395		2.1	%
TOTAL MALAYSIA					126,260,323		2.4	%
MEXICO — (2.5%)
#	America Movil S.A.B. de C.V		42,138,949		25,457,163		0.5	%
#	Wal-Mart de Mexico S.A.B. de C.V		5,908,041		14,259,605		0.3	%
	Other Securities				93,426,057		1.7	%
TOTAL MEXICO					133,142,825		2.5	%
PERU — (0.2%)
	Other Securities				9,106,694		0.2	%
PHILIPPINES — (1.1%)
	Other Securities				57,478,880		1.1	%
POLAND — (1.0%)
	Other Securities				53,217,670		1.0	%
QATAR — (0.0%)
	Other Securities				449,578		0.0	%
RUSSIA — (1.6%)
	Lukoil PJSC, Sponsored ADR		240,181		15,668,865		0.3	%
	Other Securities				67,591,584		1.3	%
TOTAL RUSSIA					83,260,449		1.6	%
SAUDI ARABIA — (0.1%)
	Other Securities				4,263,526		0.1	%
SOUTH AFRICA — (4.8%)
	AngloGold Ashanti, Ltd., Sponsored ADR		1,137,975		27,755,210		0.5	%
	Gold Fields, Ltd., Sponsored ADR		3,335,761		24,484,486		0.5	%
	Naspers, Ltd., Class N		236,845		36,864,544		0.7	%
	Other Securities				168,712,643		3.1	%
TOTAL SOUTH AFRICA					257,816,883		4.8	%

172

THE EMERGING MARKETS SERIES

CONTINUED

					Percentage
	Shares		Value»		of Net Assets‡
SOUTH KOREA — (14.1%)
LG Electronics, Inc.		320,927	$	14,443,342		0.3	%
NAVER Corp.		89,419		14,497,553		0.3	%
Samsung Electronics Co., Ltd.		4,912,950		202,008,351		3.8	%
Samsung Electronics Co., Ltd. US7960508882, GDR		49,401		51,333,104		1.0	%
SK Hynix, Inc.		683,251		47,019,660		0.9	%
Other Securities				425,498,339		7.9	%
TOTAL SOUTH KOREA				754,800,349		14.2	%
TAIWAN — (16.5%)
ASE Technology Holding Co., Ltd.		7,079,782		15,771,711		0.3	%
China Steel Corp.		20,917,932		14,010,136		0.3	%
E.Sun Financial Holding Co., Ltd.		16,099,057		14,627,445		0.3	%
Hon Hai Precision Industry Co., Ltd.		8,462,322		21,747,882		0.4	%
Taiwan Semiconductor Manufacturing Co., Ltd.		21,917,808		221,102,370		4.1	%
Taiwan Semiconductor Manufacturing Co., Ltd., Sponsored ADR		1,261,386		67,017,438		1.3	%
Other Securities				525,986,054		9.8	%
TOTAL TAIWAN				880,263,036		16.5	%
THAILAND — (2.8%)
Other Securities				151,995,708		2.8	%
TURKEY — (0.7%)
Other Securities				35,548,892		0.7	%
UNITED ARAB EMIRATES — (0.0%)
Other Securities				538,410		0.0	%
TOTAL COMMON STOCKS				5,173,617,850		97.1	%
PREFERRED STOCKS — (1.0%)
BRAZIL — (1.0%)
Itau Unibanco Holding SA		4,059,008		16,996,196		0.3	%
Other Securities				33,456,607		0.7	%
TOTAL BRAZIL				50,452,803		1.0	%
CHILE — (0.0%)
Other Security				1,029,137		0.0	%
COLOMBIA — (0.0%)
Other Securities				2,305,969		0.0	%
SOUTH KOREA — (0.0%)
Other Securities				351,578		0.0	%
TOTAL PREFERRED STOCKS				54,139,487		1.0	%
RIGHTS/WARRANTS — (0.0%)
SOUTH KOREA — (0.0%)
Other Security				37,214		0.0	%

173

THE EMERGING MARKETS SERIES

CONTINUED

						Percentage
		Shares		Value»		of Net Assets‡
TAIWAN — (0.0%)
	Other Security			$	10,614		0.0	%
TOTAL RIGHTS/WARRANTS					47,828		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $4,216,507,462)					5,227,805,165
				Value†
SECURITIES LENDING COLLATERAL — (2.1%)
@§	The DFA Short Term Investment Fund		9,785,654		113,229,798		2.1	%
TOTAL INVESTMENTS—(100.0%) (Cost $4,329,711,711)				$	5,341,034,963		100.2	%

As of April 30, 2020, 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:
MSCI Emerging Markets Index	650		06/19/20	$	27,073,892	$	29,441,750	$	2,367,858
S&P 500® Emini Index	407		06/19/20		52,734,735		59,063,840		6,329,105
Total Futures Contracts				$	79,808,627	$	88,505,590	$	8,696,963

Summary of the Series’ investments as of April 30, 2020, 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	$	226,414,927		—		—	$	226,414,927
Chile		43,561,794		—		—		43,561,794
China		407,671,161	$	1,174,775,864		—		1,582,447,025
Colombia		13,457,692		—		—		13,457,692
Czech Republic		—		5,175,884		—		5,175,884
Egypt		11,776		5,710,032		—		5,721,808
Greece		—		14,600,465		—		14,600,465
Hungary		—		19,309,144		—		19,309,144
India		30,877,440		575,995,484		—		606,872,924
Indonesia		2,736,495		105,176,469		—		107,912,964
Malaysia		—		126,260,323		—		126,260,323
Mexico		133,142,825		—		—		133,142,825
Peru		9,106,694		—		—		9,106,694
Philippines		3,019,203		54,459,677		—		57,478,880
Poland		—		53,217,670		—		53,217,670
Qatar		—		449,578		—		449,578
Russia		15,797,855		67,462,594		—		83,260,449
Saudi Arabia		—		4,263,526		—		4,263,526
South Africa		67,292,074		190,524,809		—		257,816,883
South Korea		9,339,251		745,461,098		—		754,800,349
Taiwan		74,347,317		805,915,719		—		880,263,036
Thailand		151,995,708		—		—		151,995,708

174

THE EMERGING MARKETS SERIES

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Turkey		—	$	35,548,892		—	$	35,548,892
United Arab Emirates		—		538,410		—		538,410
Preferred Stocks
Brazil	$	50,452,803		—		—		50,452,803
Chile		1,029,137		—		—		1,029,137
Colombia		2,305,969		—		—		2,305,969
South Korea		—		351,578		—		351,578
Rights/Warrants
South Korea		—		37,214		—		37,214
Taiwan		—		10,614		—		10,614
Securities Lending Collateral		—		113,229,798		—		113,229,798
Futures Contracts**		8,696,963		—		—		8,696,963
TOTAL	$	1,251,257,084	$	4,098,474,842		—	$	5,349,731,926

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

See accompanying Notes to Financial Statements.

175

THE EMERGING MARKETS SMALL CAP SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

						Percentage
		Shares		Value»		of Net Assets‡
COMMON STOCKS — (96.7%)
BRAZIL — (5.6%)
	BR Malls Participacoes SA		5,472,441	$	10,103,773		0.2	%
	Cia de Saneamento do Parana		2,432,521		11,496,311		0.3	%
	Qualicorp Consultoria e Corretora de Seguros SA		2,173,263		10,358,958		0.2	%
	Sul America SA		1,514,414		12,462,541		0.3	%
	Transmissora Alianca de Energia Eletrica SA		2,457,820		12,429,440		0.3	%
	YDUQS Participacoes SA		1,928,102		10,761,120		0.2	%
	Other Securities				202,214,645		4.2	%
TOTAL BRAZIL					269,826,788		5.7	%
CANADA — (0.1%)
	Other Security				4,166,582		0.1	%
CHILE — (1.1%)
	Other Securities				53,305,918		1.1	%
CHINA — (20.2%)
*	3SBio, Inc.		8,281,000		8,395,410		0.2	%
#*	Baozun, Inc., Sponsored ADR		283,293		9,020,049		0.2	%
#	BYD Electronic International Co., Ltd.		4,612,000		10,620,169		0.2	%
	China Aoyuan Group, Ltd.		9,537,000		11,205,310		0.2	%
	China Communications Services Corp., Ltd., Class H		16,766,000		11,951,012		0.3	%
	China Everbright, Ltd.		7,078,000		10,820,658		0.2	%
	China Lesso Group Holdings, Ltd.		7,690,000		11,019,535		0.2	%
	China Medical System Holdings, Ltd.		9,137,500		10,756,396		0.2	%
	China Overseas Property Holdings, Ltd.		10,095,000		11,160,839		0.2	%
#	Chinasoft International, Ltd.		15,438,000		8,101,568		0.2	%
	Far East Horizon, Ltd.		13,038,000		10,554,704		0.2	%
#*	GOME Retail Holdings, Ltd.		77,867,000		9,039,924		0.2	%
	Greentown Service Group Co., Ltd.		7,256,000		9,549,035		0.2	%
*	JOYY, Inc., ADR		133,218		8,120,969		0.2	%
	Kingboard Holdings, Ltd.		5,180,421		12,637,930		0.3	%
#	Kingdee International Software Group Co., Ltd.		14,416,200		20,617,680		0.4	%
	KWG Group Holdings, Ltd.		9,431,950		13,952,626		0.3	%
	Minth Group, Ltd.		5,017,000		12,064,006		0.3	%
#	Nine Dragons Paper Holdings, Ltd.		11,886,000		11,371,602		0.3	%
	Shenzhen International Holdings, Ltd.		7,573,316		14,637,013		0.3	%
*	SINA Corp.		241,982		8,171,732		0.2	%
	Sinotruk Hong Kong, Ltd.		4,226,000		8,568,390		0.2	%
	SSY Group, Ltd.		11,747,152		8,271,578		0.2	%
	Uni-President China Holdings, Ltd.		8,633,000		8,667,000		0.2	%
	Yuexiu Property Co., Ltd.		53,900,284		10,248,034		0.2	%
	Other Securities				697,175,828		14.5	%
TOTAL CHINA					966,698,997		20.3	%
COLOMBIA — (0.2%)
	Other Securities				7,247,813		0.2	%
GREECE — (0.5%)
	Other Securities				23,952,535		0.5	%

176

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

						Percentage
		Shares		Value»		of Net Assets‡
HONG KONG — (0.1%)
	Other Securities			$	2,519,974		0.1	%
HUNGARY — (0.1%)
	Other Securities				5,180,849		0.1	%
INDIA — (11.5%)
	Crompton Greaves Consumer Electricals, Ltd.		2,964,416		8,722,932		0.2	%
	Ipca Laboratories, Ltd.		386,950		8,256,725		0.2	%
	Jubilant Foodworks, Ltd.		499,835		10,779,815		0.2	%
	PI Industries, Ltd.		438,938		9,166,386		0.2	%
	Tata Consumer Products, Ltd.		2,827,902		13,144,417		0.3	%
	Other Securities				500,218,536		10.5	%
TOTAL INDIA					550,288,811		11.6	%
INDONESIA — (1.9%)
	Other Securities				93,031,575		2.0	%
MALAYSIA — (2.6%)
	Other Securities				124,358,674		2.6	%
MEXICO — (2.3%)
	Grupo Aeroportuario del Centro Norte S.A.B. de C.V		2,491,314		9,118,244		0.2	%
	Other Securities				102,732,421		2.2	%
TOTAL MEXICO					111,850,665		2.4	%
PHILIPPINES — (1.2%)
	Other Securities				58,882,936		1.2	%
POLAND — (1.0%)
	Other Securities				46,514,770		1.0	%
QATAR — (0.0%)
	Other Securities				1,069,255		0.0	%
RUSSIA — (0.3%)
	Other Securities				15,304,807		0.3	%
SAUDI ARABIA — (0.1%)
	Other Securities				4,149,187		0.1	%
SOUTH AFRICA — (5.4%)
	Clicks Group, Ltd.		1,489,117		18,548,849		0.4	%
	Gold Fields, Ltd.		1,398,586		10,410,527		0.2	%
	Gold Fields, Ltd., Sponsored ADR		2,024,601		14,860,571		0.3	%
#*	Harmony Gold Mining Co., Ltd., Sponsored ADR		2,323,915		8,412,572		0.2	%
	Impala Platinum Holdings, Ltd.		5,393,781		32,169,881		0.7	%
*	Northam Platinum, Ltd.		2,500,595		12,394,032		0.3	%
*	Sibanye Stillwater, Ltd.		9,471,405		19,294,880		0.4	%
#	SPAR Group, Ltd. (The)		1,170,218		11,154,278		0.2	%
	Other Securities				131,745,759		2.8	%
TOTAL SOUTH AFRICA					258,991,349		5.5	%
SOUTH KOREA — (14.7%)
#	Seegene, Inc.		148,228		11,164,208		0.3	%

177

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

						Percentage
		Shares		Value»		of Net Assets‡
SOUTH KOREA — (Continued)
	Other Securities			$	694,078,159		14.5	%
TOTAL SOUTH KOREA					705,242,367		14.8	%
TAIWAN — (23.3%)
	Chipbond Technology Corp.		4,387,000		8,258,539		0.2	%
#	Epistar Corp.		7,963,000		10,137,948		0.2	%
	King Yuan Electronics Co., Ltd.		6,784,979		8,133,024		0.2	%
	Other Securities				1,091,438,363		22.9	%
TOTAL TAIWAN					1,117,967,874		23.5	%
THAILAND — (3.3%)
	Other Securities				157,545,289		3.3	%
TURKEY — (1.2%)
	Other Securities				57,771,017		1.2	%
UNITED ARAB EMIRATES — (0.0%)
	Other Securities				1,021,772		0.0	%
TOTAL COMMON STOCKS					4,636,889,804		97.6	%
PREFERRED STOCKS — (1.1%)
BRAZIL — (1.1%)
	Cia Paranaense de Energia		878,499		8,788,382		0.2	%
	Other Securities				44,740,521		0.9	%
TOTAL BRAZIL					53,528,903		1.1	%
CHILE — (0.0%)
	Other Security				803,325		0.0	%
COLOMBIA — (0.0%)
	Other Securities				379,389		0.0	%
TOTAL PREFERRED STOCKS					54,711,617		1.1	%
RIGHTS/WARRANTS — (0.0%)
TAIWAN — (0.0%)
	Other Securities				45,673		0.0	%
THAILAND — (0.0%)
	Other Securities				3,405		0.0	%
TOTAL RIGHTS/WARRANTS					49,078		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $5,507,316,874)					4,691,650,499
				Value†
SECURITIES LENDING COLLATERAL — (2.2%)
@§	The DFA Short Term Investment Fund		9,078,365		105,045,762		2.2	%
TOTAL INVESTMENTS—(100.0%) (Cost $5,612,340,232)				$	4,796,696,261		100.9	%

178

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

Summary of the Series’ investments as of April 30, 2020, 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	$	269,826,788		—		—	$	269,826,788
Canada		4,166,582		—		—		4,166,582
Chile		53,305,918		—		—		53,305,918
China		66,672,385	$	900,026,612		—		966,698,997
Colombia		7,247,813		—		—		7,247,813
Greece		—		23,952,535		—		23,952,535
Hong Kong		—		2,519,974		—		2,519,974
Hungary		—		5,180,849		—		5,180,849
India		1,846,506		548,442,305		—		550,288,811
Indonesia		345,799		92,685,776		—		93,031,575
Malaysia		23,585		124,335,089		—		124,358,674
Mexico		111,841,244		9,421		—		111,850,665
Philippines		—		58,882,936		—		58,882,936
Poland		—		46,514,770		—		46,514,770
Qatar		—		1,069,255		—		1,069,255
Russia		15,304,807		—		—		15,304,807
Saudi Arabia		—		4,149,187		—		4,149,187
South Africa		42,821,358		216,169,991		—		258,991,349
South Korea		1,350,776		703,891,591		—		705,242,367
Taiwan		102,671		1,117,865,203		—		1,117,967,874
Thailand		157,520,102		25,187		—		157,545,289
Turkey		—		57,771,017		—		57,771,017
United Arab Emirates		—		1,021,772		—		1,021,772
Preferred Stocks
Brazil		53,528,903		—		—		53,528,903
Chile		803,325		—		—		803,325
Colombia		379,389		—		—		379,389
Rights/Warrants
Taiwan		—		45,673		—		45,673
Thailand		—		3,405		—		3,405
Securities Lending Collateral		—		105,045,762		—		105,045,762
TOTAL	$	787,087,951	$	4,009,608,310		—	$	4,796,696,261

See accompanying Notes to Financial Statements.

179

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

(Amounts in thousands)

			The Japanese		The Asia		The United
	The DFA		Small		Pacific Small		Kingdom Small
	International		Company		Company		Company
	Value Series*		Series*		Series*		Series*
ASSETS:
Investment Securities at Value (including $637,919, $158,009, $159,324 and $33,367 of securities on loan, respectively)	$	9,376,464	$	2,954,099	$	1,283,296	$	1,511,887
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $595,071, $74,957, $44,170 and $35,381, respectively)		595,253		74,982		44,178		35,389
Segregated Cash for Futures Contracts		10,116		—		—		—
Foreign Currencies at Value		55,205		2,600		3,502		72
Cash		61,426		3,491		24		1,275
Receivables:
Investment Securities Sold		23,162		6,718		595		2,059
Dividends, Interest and Tax Reclaims		74,471		40,679		2,015		5,601
Securities Lending Income		1,009		355		316		59
Total Assets		10,197,106		3,082,924		1,333,926		1,556,342
LIABILITIES:
Payables:
Upon Return of Securities Loaned		595,098		75,011		44,173		35,387
Investment Securities Purchased		1,479		3,489		1,065		1,687
Due to Advisor		1,513		235		98		115
Futures Margin Variation		1,627		—		—		—
Unrealized Loss on Foreign Currency Contracts		28		—		—		—
Accrued Expenses and Other Liabilities		957		306		162		152
Total Liabilities		600,702		79,041		45,498		37,341
NET ASSETS	$	9,596,404	$	3,003,883	$	1,288,428	$	1,519,001
Investment Securities at Cost	$	12,176,940	$	3,087,491	$	1,689,994	$	1,836,577
Foreign Currencies at Cost	$	55,465	$	2,608	$	3,484	$	72

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

See accompanying Notes to Financial Statements.

180

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STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

(Amounts in thousands)

	The
	Continental		The Canadian
	Small		Small		The Emerging		The Emerging
	Company		Company		Markets		Markets Small
	Series*		Series*		Series*		Cap Series*
ASSETS:
Investment Securities at Value (including $420,797, $144,614, $190,326 and $434,342 of securities on loan, respectively)	$	4,470,595	$	825,621	$	5,227,805	$	4,691,650
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $445,002, $119,887, $113,204 and $105,023, respectively)		445,070		119,912		113,230		105,046
Segregated Cash for Futures Contracts		—		—		8,459		—
Foreign Currencies at Value		9,413		2,554		30,049		24,491
Cash		5,921		171		48,573		19,102
Receivables:
Investment Securities Sold		4,461		7,779		8,698		8,803
Dividends, Interest and Tax Reclaims		15,745		335		7,270		7,809
Securities Lending Income		964		174		367		1,738
Unrealized Gain on Foreign Currency Contracts		13		1		75		—
Total Assets		4,952,182		956,547		5,444,526		4,858,639
LIABILITIES:
Payables:
Upon Return of Securities Loaned		445,097		119,891		113,234		104,999
Investment Securities Purchased		6,606		9,005		424		—
Due to Advisor		345		60		415		746
Futures Margin Variation		—		—		1,416		—
Accrued Expenses and Other Liabilities		406		84		1,046		995
Total Liabilities		452,454		129,040		116,535		106,740
NET ASSETS	$	4,499,728	$	827,507	$	5,327,991	$	4,751,899
Investment Securities at Cost	$	4,808,611	$	1,142,671	$	4,216,507	$	5,507,317
Foreign Currencies at Cost	$	9,348	$	2,558	$	30,449	$	24,456

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

See accompanying Notes to Financial Statements.

181

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)

				The Japanese			The Asia			The United
	The DFA			Small			Pacific Small			Kingdom Small
	International			Company			Company			Company
	Value Series#			Series#			Series#			Series#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $17,642, $5,110, $414 and $216, respectively)	$	166,389		$	46,037		$	19,897		$	31,264
Income from Securities Lending		2,415			2,754			2,250			311
Total Investment Income		168,804			48,791			22,147			31,575
Expenses
Investment Management Fees		11,417			1,714			752			1,009
Accounting & Transfer Agent Fees		246			78			39			49
Custodian Fees		369			210			129			45
Shareholders’ Reports		7			7			7			7
Directors’/Trustees’ Fees & Expenses		31			9			4			6
Professional Fees		90			26			12			16
Other		120			40			18			23
Total Expenses		12,280			2,084			961			1,155
Fees Paid Indirectly (Note C)		(435	)		(44	)		(25	)		(11	)
Net Expenses		11,845			2,040			936			1,144
Net Investment Income (Loss)		156,959			46,751			21,211			30,431
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		(127,766	)		(8,018	)		(15,128	)		9,031
Affiliated Investment Companies Shares Sold		(14	)		(13	)		(12	)		(3	)
Futures		5,224			—			1,069			(365	)
Foreign Currency Transactions		(2,418	)		(221	)		(593	)		(381	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(3,012,958	)		(547,683	)		(301,517	)		(476,890	)
Affiliated Investment Companies Shares		150			15			3			5
Futures		11,212			—			—			—
Translation of Foreign Currency-Denominated Amounts		26			307			4			(364	)
Net Realized and Unrealized Gain (Loss)		(3,126,544	)		(555,613	)		(316,174	)		(468,967	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(2,969,585	)	$	(508,862	)	$	(294,963	)	$	(438,536	)

** 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.

182

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)

	The
	Continental			The Canadian
	Small			Small			The Emerging			The Emerging
	Company			Company			Markets			Markets Small
	Series#			Series#			Series#			Cap Series#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $5,572, $2,056, $7,104 and $5,498, respectively)	$	34,520		$	11,921		$	52,164		$	49,546
Income from Securities Lending		6,123			1,321			1,881			14,449
Total Investment Income		40,643			13,242			54,045			63,995
Expenses
Investment Management Fees		2,651			527			2,856			5,930
Accounting & Transfer Agent Fees		118			27			127			131
Custodian Fees		305			27			907			1,300
Shareholders’ Reports		7			7			7			7
Directors’/Trustees’ Fees & Expenses		14			3			15			17
Professional Fees		41			8			69			84
Other		52			10			51			67
Total Expenses		3,188			609			4,032			7,536
Fees Paid Indirectly (Note C)		(65	)		(5	)		(227	)		(174	)
Net Expenses		3,123			604			3,805			7,362
Net Investment Income (Loss)		37,520			12,638			50,240			56,633
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		13,539			(98,654	)		(37,247	)		(267,359	)
Affiliated Investment Companies Shares Sold		(41	)		(6	)		(11	)		(6	)
Futures		(109	)		—			(4,089	)		8,176
Foreign Currency Transactions		(158	)		(336	)		(3,493	)		(4,953	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(938,313	)		(98,892	)		(807,082	)		(897,999	)
Affiliated Investment Companies Shares		9			5			6			(2	)
Futures		—			—			8,293			(755	)
Translation of Foreign Currency-Denominated Amounts		3			3			(288	)		(686	)
Net Realized and Unrealized Gain (Loss)		(925,070	)		(197,880	)		(843,911	)		(1,163,584	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(887,550	)	$	(185,242	)	$	(793,671	)	$	(1,106,951	)

** 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.

183

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	The DFA International						The Japanese Small						The Asia Pacific Small
	Value Series						Company Series						Company Series
	Six Months			Year			Six Months			Year			Six Months			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Apr 30,			Oct 31,			Apr 30,			Oct 31,
	2020			2019			2020			2019			2020			2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	156,959		$	472,464		$	46,751		$	81,603		$	21,211		$	68,215
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		(127,766	)		(46,440	)		(8,018	)		63,546			(15,128	)		28,597
Affiliated Investment Companies Shares Sold		(14	)		14			(13	)		—			(12	)		3
Futures		5,224			3,070			—			—			1,069			(97	)
Foreign Currency Transactions		(2,418	)		928			(221	)		893			(593	)		(572	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(3,012,958	)		(6,446	)		(547,683	)		2,479			(301,517	)		(10,141	)
Affiliated Investment Companies Shares		150			(10	)		15			10			3			4
Futures		11,212			7,836			—			—			—			—
Translation of Foreign Currency-Denominated Amounts		26			652			307			9			4			16
Net Increase (Decrease) in Net Assets Resulting from Operations		(2,969,585	)		432,068			(508,862	)		148,540			(294,963	)		86,025
Transactions in Interest:
Contributions		838,373			903,879			60,201			105,276			61,804			84,771
Withdrawals		(693,234	)		(1,068,437	)		(295,633	)		(339,736	)		(120,256	)		(259,324	)
Net Increase (Decrease) from Transactions in Interest		145,139			(164,558	)		(235,432	)		(234,460	)		(58,452	)		(174,553	)
Total Increase (Decrease) in Net Assets		(2,824,446	)		267,510			(744,294	)		(85,920	)		(353,415	)		(88,528	)
Net Assets
Beginning of Period		12,420,850			12,153,340			3,748,177			3,834,097			1,641,843			1,730,371
End of Period	$	9,596,404		$	12,420,850		$	3,003,883		$	3,748,177		$	1,288,428		$	1,641,843

* Net of foreign capital gain taxes withheld for the period ended April 30, 2020 of $0, $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2019 of $0, $0 and $0, respectively.

See accompanying Notes to Financial Statements.

184

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	The United Kingdom Small						The Continental Small						The Canadian Small
	Company Series						Company Series						Company Series
	Six Months			Year			Six Months			Year			Six Months			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Apr 30,			Oct 31,			Apr 30,			Oct 31,
	2020			2019			2020			2019			2020			2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	30,431		$	76,252		$	37,520		$	146,906		$	12,638		$	26,482
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		9,031			45,398			13,539			271,616			(98,654	)		(81,417	)
Affiliated Investment Companies Shares Sold		(3	)		2			(41	)		7			(6	)		(6	)
Futures		(365	)		—			(109	)		—			—			—
Foreign Currency Transactions		(381	)		(1,016	)		(158	)		(101	)		(336	)		172
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(476,890	)		105,943			(938,313	)		20,336			(98,892	)		60,948
Affiliated Investment Companies Shares		5			1			9			46			5			16
Translation of Foreign Currency-Denominated Amounts		(364	)		552			3			63			3			6
Net Increase (Decrease) in Net Assets Resulting from Operations		(438,536	)		227,132			(887,550	)		438,873			(185,242	)		6,201
Transactions in Interest:
Contributions		5,430			92,887			133,628			223,410			1,116			99,460
Withdrawals		(325,344	)		(231,393	)		(353,845	)		(477,048	)		(136,982	)		(103,857	)
Net Increase (Decrease) from Transactions in Interest		(319,914	)		(138,506	)		(220,217	)		(253,638	)		(135,866	)		(4,397	)
Total Increase (Decrease) in Net Assets		(758,450	)		88,626			(1,107,767	)		185,235			(321,108	)		1,804
Net Assets
Beginning of Period		2,277,451			2,188,825			5,607,495			5,422,260			1,148,615			1,146,811
End of Period	$	1,519,001		$	2,277,451		$	4,499,728		$	5,607,495		$	827,507		$	1,148,615

* Net of foreign capital gain taxes withheld for the period ended April 30, 2020 of $0, $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2019 of $0, $0 and $0, respectively.

See accompanying Notes to Financial Statements.

185

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	The Emerging Markets						The Emerging Markets
	Series						Small Cap Series
	Six Months			Year			Six Months			Year
	Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Apr 30,			Oct 31,
	2020			2019			2020			2019
	(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	50,240		$	177,871		$	56,633		$	192,591
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		(37,247	)		(58,802	)		(267,359	)		60,673
Affiliated Investment Companies Shares Sold		(11	)		(6	)		(6	)		3
Futures		(4,089	)		1,845			8,176			(614	)
Foreign Currency Transactions		(3,493	)		(438	)		(4,953	)		(2,493	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(807,082	)		502,945			(897,999	)		564,555
Affiliated Investment Companies Shares		6			9			(2	)		19
Futures		8,293			3,110			(755	)		3,854
Translation of Foreign Currency-Denominated Amounts		(288	)		21			(686	)		42
Net Increase (Decrease) in Net Assets Resulting from Operations		(793,671	)		626,555			(1,106,951	)		818,630
Transactions in Interest:
Contributions		975,720			437,177			428,334			324,046
Withdrawals		(888,220	)		(499,219	)		(999,851	)		(1,018,611	)
Net Increase (Decrease) from Transactions in Interest		87,500			(62,042	)		(571,517	)		(694,565	)
Total Increase (Decrease) in Net Assets		(706,171	)		564,513			(1,678,468	)		124,065
Net Assets
Beginning of Period		6,034,162			5,469,649			6,430,367			6,306,302
End of Period	$	5,327,991		$	6,034,162		$	4,751,899		$	6,430,367

* Net of foreign capital gain taxes withheld for the period ended April 30, 2020 of $0 and $0, respectively.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2019 of $0 and $0, respectively.

See accompanying Notes to Financial Statements.

186

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	The DFA International Value Series																		The Japanese Small Company Series
	Six Months			Year			Year			Year			Year			Year			Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015			2020			2019			2018			2017			2016			2015
	(Unaudited)																		(Unaudited)
Total Return		(24.27	%)(B)		3.60	%		(8.10	%)		26.53	%		(0.10	%)		(5.35	%)		(13.87	%)(B)		4.47	%		(7.46	%)		27.10	%		14.53	%		9.04	%
Net Assets, End of Period (thousands)	$	9,596,404		$	12,420,850		$	12,153,340		$	12,732,150		$	9,729,540		$	9,227,905		$	3,003,883		$	3,748,177		$	3,834,097		$	3,989,049		$	3,132,594		$	2,631,688
Ratio of Expenses to Average Net Assets		0.21	%(C)		0.21	%		0.22	%		0.22	%		0.22	%		0.22	%		0.12	%(C)		0.12	%		0.12	%		0.13	%		0.13	%		0.13	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.22	%(C)		0.22	%		0.22	%		0.22	%		0.22	%		0.22	%		0.12	%(C)		0.12	%		0.12	%		0.13	%		0.13	%		0.13	%
Ratio of Net Investment Income to Average Net Assets		2.75	%(C)		3.92	%		3.21	%		3.33	%		3.72	%		3.31	%		2.73	%(C)		2.32	%		1.90	%		1.90	%		1.99	%		1.69	%
Portfolio Turnover Rate		4	%(B)		16	%		20	%		17	%		17	%		21	%		4	%(B)		12	%		17	%		13	%		10	%		6	%
See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

187

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	The Asia Pacific Small Company Series																		The United Kingdom Small Company Series
	Six Months			Year			Year			Year			Year			Year			Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015			2020			2019			2018			2017			2016			2015
	(Unaudited)																		(Unaudited)
Total Return		(18.01	%)(B)		5.27	%		(8.14	%)		16.21	%		16.69	%		(11.83	%)		(21.03	%)(B)		10.67	%		(8.90	%)		29.87	%		(15.82	%)		9.95	%
Net Assets, End of Period (thousands)	$	1,288,428		$	1,641,843		$	1,730,371		$	1,815,705		$	1,555,736		$	1,228,274		$	1,519,001		$	2,277,451		$	2,188,825		$	2,329,912		$	1,683,465		$	2,084,113
Ratio of Expenses to Average Net Assets		0.12	%(C)		0.13	%		0.13	%		0.13	%		0.13	%		0.13	%		0.11	%(C)		0.11	%		0.11	%		0.12	%		0.12	%		0.11	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.13	%(C)		0.13	%		0.13	%		0.13	%		0.13	%		0.13	%		0.11	%(C)		0.12	%		0.11	%		0.12	%		0.12	%		0.11	%
Ratio of Net Investment Income to Average Net Assets		2.82	%(C)		4.11	%		3.96	%		3.82	%		4.00	%		4.17	%		3.02	%(C)		3.43	%		3.23	%		3.40	%		4.36	%		3.44	%
Portfolio Turnover Rate		9	%(B)		18	%		18	%		14	%		10	%		7	%		6	%(B)		18	%		14	%		9	%		15	%		10	%
See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

188

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	The Continental Small Company Series																		The Canadian Small Company Series
	Six Months			Year			Year			Year			Year			Year			Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015			2020			2019			2018			2017			2016			2015
	(Unaudited)																		(Unaudited)
Total Return		(15.72	%)(B)		8.43	%		(10.78	%)		34.27	%		6.10	%		9.81	%		(14.50	%)(B)		1.00	%		(10.44	%)		12.10	%		20.77	%		(25.00	%)
Net Assets, End of Period (thousands)	$	4,499,728		$	5,607,495		$	5,422,260		$	5,751,059		$	4,147,925		$	3,653,743		$	827,507		$	1,148,615		$	1,146,811		$	1,190,222		$	933,264		$	623,132
Ratio of Expenses to Average Net Assets		0.12	%(C)		0.12	%		0.12	%		0.13	%		0.13	%		0.13	%		0.11	%(C)		0.12	%		0.12	%		0.12	%		0.12	%		0.12	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.12	%(C)		0.13	%		0.12	%		0.13	%		0.13	%		0.13	%		0.12	%(C)		0.12	%		0.12	%		0.12	%		0.12	%		0.12	%
Ratio of Net Investment Income to Average Net Assets		1.42	%(C)		2.74	%		2.51	%		2.33	%		2.49	%		2.44	%		2.40	%(C)		2.37	%		2.11	%		2.14	%		2.52	%		2.73	%
Portfolio Turnover Rate		6	%(B)		17	%		15	%		13	%		9	%		14	%		8	%(B)		12	%		14	%		22	%		8	%		18	%
See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

189

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	The Emerging Markets Series																		The Emerging Markets Small Cap Series
	Six Months			Year			Year			Year			Year			Year			Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015			2020			2019			2018			2017			2016			2015
	(Unaudited)																		(Unaudited)
Total Return		(14.12	%)(B)		11.40	%		(11.83	%)		25.26	%		11.44	%		(14.86	%)		(17.18	%)(B)		13.47	%		(16.06	%)		21.55	%		14.45	%		(9.42	%)
Net Assets, End of Period (thousands)	$	5,327,991		$	6,034,162		$	5,469,649		$	6,723,207		$	4,997,731		$	4,403,555		$	4,751,899		$	6,430,367		$	6,306,302		$	7,253,457		$	5,515,647		$	4,898,307
Ratio of Expenses to Average Net Assets		0.13	%(C)		0.14	%		0.14	%		0.15	%		0.15	%		0.16	%		0.25	%(C)		0.24	%		0.24	%		0.27	%		0.26	%		0.26	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.14	%(C)		0.15	%		0.14	%		0.15	%		0.15	%		0.16	%		0.25	%(C)		0.25	%		0.24	%		0.27	%		0.26	%		0.27	%
Ratio of Net Investment Income to Average Net Assets		1.76	%(C)		3.04	%		2.40	%		2.23	%		2.45	%		2.39	%		1.91	%(C)		2.90	%		2.77	%		2.78	%		2.89	%		2.62	%
Portfolio Turnover Rate		11	%(B)		9	%		12	%		8	%		5	%		9	%		7	%(B)		12	%		12	%		15	%		18	%		18	%
See page 1-2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

190

THE DFA INVESTMENT TRUST COMPANY

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

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 eleven 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 in the hierarchy.

191

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. Core Equity 2 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, 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.

192

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). As of April 30, 2020, none of the Trustees have requested or received a distribution of proceeds of a deferred fee account.

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 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 six months ended April 30, 2020, 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	%

193

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 six months ended April 30, 2020, expenses reduced were as follows (amounts in thousands):

	Fees Paid Indirectly
The DFA International Value Series	$	435
The Japanese Small Company Series		44
The Asia Pacific Small Company Series		25
The United Kingdom Small Company Series		11
The Continental Small Company Series		65
The Canadian Small Company Series		5
The Emerging Markets Series		227
The Emerging Markets Small Cap Series		174

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 six months ended April 30, 2020, the total related amounts paid by the Trust to the CCO were $45 (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 April 30, 2020, 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	$	327
The Japanese Small Company Series		78
The Asia Pacific Small Company Series		41
The United Kingdom Small Company Series		54
The Continental Small Company Series		98
The Canadian Small Company Series		25
The Emerging Markets Series		125
The Emerging Markets Small Cap Series		109

E. Purchases and Sales of Securities:

For the six months ended April 30, 2020, 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	$	734,331	$	454,280
The Japanese Small Company Series	$	129,038	$	329,609
The Asia Pacific Small Company Series	$	127,451	$	144,237
The United Kingdom Small Company Series	$	124,579	$	255,293
The Continental Small Company Series	$	295,333	$	493,309
The Canadian Small Company Series	$	80,740	$	199,376
The Emerging Markets Series	$	720,140	$	618,661
The Emerging Markets Small Cap Series	$	408,498	$	889,850

194

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

For the six months ended April 30, 2020, 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):

	Balance at October 31, 2019		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales			Change in Unrealized Appreciation/ Depreciation		Balance at April 30, 2020		Shares as of April 30, 2020		Dividend Income		Capital Gain Distributions
The DFA International Value Series
The DFA Short Term Investment Fund	$	257,592	$	2,429,069	$	2,091,544	$	(14	)	$	150	$	595,253		51,444	$	7,873		—
Total	$	257,592	$	2,429,069	$	2,091,544	$	(14	)	$	150	$	595,253		51,444	$	7,873		—
The Japanese Small Company Series
The DFA Short Term Investment Fund	$	91,203	$	238,806	$	255,029	$	(13	)	$	15	$	74,982		6,480	$	1,760		—
Total	$	91,203	$	238,806	$	255,029	$	(13	)	$	15	$	74,982		6,480	$	1,760		—
The Asia Pacific Small Company Series
The DFA Short Term Investment Fund	$	48,848	$	129,829	$	134,490	$	(12	)	$	3	$	44,178		3,818	$	1,437		—
Total	$	48,848	$	129,829	$	134,490	$	(12	)	$	3	$	44,178		3,818	$	1,437		—
The United Kingdom Small Company Series
The DFA Short Term Investment Fund	$	18,814	$	106,006	$	89,433	$	(3	)	$	5	$	35,389		3,058	$	503		—
Total	$	18,814	$	106,006	$	89,433	$	(3	)	$	5	$	35,389		3,058	$	503		—
The Continental Small Company Series
The DFA Short Term Investment Fund	$	514,886	$	612,642	$	682,426	$	(41	)	$	9	$	445,070		38,464	$	9,043		—
Total	$	514,886	$	612,642	$	682,426	$	(41	)	$	9	$	445,070		38,464	$	9,043		—
The Canadian Small Company Series
The DFA Short Term Investment Fund	$	181,292	$	345,239	$	406,618	$	(6	)	$	5	$	119,912		10,363	$	2,840		—
Total	$	181,292	$	345,239	$	406,618	$	(6	)	$	5	$	119,912		10,363	$	2,840		—

195

	Balance at October 31, 2019		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales			Change in Unrealized Appreciation/ Depreciation			Balance at April 30, 2020		Shares as of April 30, 2020		Dividend Income		Capital Gain Distributions
The Emerging Markets Series
The DFA Short Term Investment Fund	$	133,344	$	352,311	$	372,420	$	(11	)	$	6		$	113,230		9,786	$	3,062		—
Total	$	133,344	$	352,311	$	372,420	$	(11	)	$	6		$	113,230		9,786	$	3,062		—
The Emerging Markets Small Cap Series
The DFA Short Term Investment Fund	$	226,780	$	313,593	$	435,319	$	(6	)	$	(2	)	$	105,046		9,078	$	4,689		—
Total	$	226,780	$	313,593	$	435,319	$	(6	)	$	(2	)	$	105,046		9,078	$	4,689		—

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 April 30, 2020, 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	$	12,499,891	$	1,563,341	$	(999,237	)	$	564,104
The Japanese Small Company Series		3,311,087		684,678		(402,664	)		282,014
The Asia Pacific Small Company Series		1,759,922		365,079		(340,291	)		24,788
The United Kingdom Small Company Series		2,218,764		517,452		(357,406	)		160,046
The Continental Small Company Series		5,402,748		1,373,345		(697,632	)		675,713
The Canadian Small Company Series		1,501,830		145,854		(382,978	)		(237,124	)
The Emerging Markets Series		4,301,031		2,317,469		(372,458	)		1,945,011
The Emerging Markets Small Cap Series		6,909,001		1,540,412		(1,257,351	)		283,061

The difference between GAAP-basis and tax-basis unrealized gains (losses) is attributable primarily to 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.

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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 adjust market exposure based on actual or expected cash inflows to or outflows from the Series. The Series, however, do not intend to sell futures contracts to establish short positions in individual securities. 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.

The average volume (based on the open positions at each fiscal month-end) of derivative activity for the six months ended April 30, 2020 was as follows (amounts in thousands):

	Futures*
The DFA International Value Series	$	111,790
The Asia Pacific Small Company Series		2,651
The United Kingdom Small Company Series		864
The Emerging Markets Series		61,299
The Emerging Markets Small Cap Series		39,664

* Average Notional Value of contracts

197

The following is a summary of the Series’ derivative instrument holdings categorized by primary risk exposure as of April 30, 2020 (amounts in thousands):

	Asset Derivatives Value
	Total Value at April 30, 2020		Equity Contracts *,(1)
The DFA International Value Series	$	12,257	$	12,257
The Emerging Markets Series		8,697		8,697

(1) Presented on Statements of Assets and Liabilities as Receivables: 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 six months ended April 30, 2020 (amounts in thousands):

	Realized Gain (Loss) on Derivatives
	Total			Equity Contracts (1)
The DFA International Value Series	$	5,224		$	5,224
The Asia Pacific Small Company Series		1,069			1,069	*
The United Kingdom Small Company Series		(365	)		(365	)*
The Continental Small Company Series		(109	)		(109	)*
The Emerging Markets Series		(4,089	)		(4,089	)
The Emerging Markets Small Cap Series		8,176			8,176	*

	Change in Unrealized Appreciation (Depreciation) on Derivatives
				Equity
	Total			Contracts (2)
The DFA International Value Series	$	11,212		$	11,212
The Emerging Markets Series		8,293			8,293
The Emerging Markets Small Cap Series		(755	)		(755	)

(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 April 30, 2020, there were no futures contracts outstanding. During the six months ended April 30, 2020, the Series had limited activity in futures contracts.

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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 8, 2020, with its domestic custodian bank. A line of credit with similar terms was in effect through April 8, 2020. 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 7, 2021.

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, 2020. A line of credit with similar terms was in effect through January 2, 2020. 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, 2021.

For the six months ended April 30, 2020, borrowings by the following Series 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 04/30/2020
The DFA International Value Series		2.31	%	$	3,545		4	$	1	$	7,955		—
The Japanese Small Company Series		2.03	%		7,167		10		5		23,988		—
The Asia Pacific Small Company Series		1.64	%		153		16		—		1,588		—
The United Kingdom Small Company Series		1.97	%		112		11		—		278		—
The Continental Small Company Series		1.22	%		5,962		8		1		36,080		—
The Canadian Small Company Series		2.31	%		392		5		—		1,061		—
The Emerging Markets Series		2.30	%		61		1		—		61		—
The Emerging Markets Small Cap Series		1.65	%		5,714		16		4		10,437		—

* Number of Days Outstanding represents the total single or consecutive days during the six months ended April 30, 2020, that each Series’ available line of credit was used.

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

199

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 six months ended April 30, 2020.

I. Affiliated Trades:

Cross trades for the six months ended April 30, 2020, 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 six months ended April 30, 2020, 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	$	29,654	$	39,329	$	(23,980	)
The Japanese Small Company Series		17,533		12,981		(370	)
The Asia Pacific Small Company Series		14,914		18,896		3,461
The United Kingdom Small Company Series		2,432		1,482		45
The Continental Small Company Series		17,971		20,577		(3,254	)
The Canadian Small Company Series		11,118		12,485		(4,867	)
The Emerging Markets Series		1,169		1,727		(643	)
The Emerging Markets Small Cap Series		2,959		1,963		(821	)

J. Securities Lending:

As of April 30, 2020, 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	$	69,564
The Japanese Small Company Series		95,136
The Asia Pacific Small Company Series		131,003
The Continental Small Company Series		5,245
The Canadian Small Company Series		33,064
The Emerging Markets Series		90,326
The Emerging Markets Small Cap Series		357,896

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

200

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.

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 April 30, 2020:

	Remaining Contractual Maturity of the Agreements As of April 30, 2020
	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
Securities Lending Transactions
The DFA International Value Series
Common Stocks	$	595,098		—		—		—	$	595,098
The Japanese Small Company Series
Common Stocks		75,011		—		—		—		75,011
The Asia Pacific Small Company Series
Common Stocks		44,173		—		—		—		44,173
The United Kingdom Small Company Series
Common Stocks		35,387		—		—		—		35,387
The Continental Small Company Series
Common Stocks, Rights/Warrants		445,097		—		—		—		445,097
The Canadian Small Company Series
Common Stocks, Rights/Warrants		119,891		—		—		—		119,891
The Emerging Markets Series
Common Stocks		113,234		—		—		—		113,234
The Emerging Markets Small Cap Series
Common Stocks		104,999		—		—		—		104,999

201

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:

In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2017-08 which changes the amortization period for a callable debt security from the maturity date to the earliest call date. The ASU is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods. The Trust’s adoption of ASU 2017-08 disclosure requirements are reflected within these financial statements prepared as of April 30, 2020 and management has concluded that the change in accounting principle does not materially impact the financial statement amounts.

In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurements” (“ASU 2018-13”). This update makes certain removals from, changes to and additions to existing disclosure requirements for fair value measurement. ASU 2018-13 does not change fair value measurements already required or permitted by existing standards. ASU 2018-13 is effective for financial statements issued for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Series’ early adoption of all of the ASU 2018-13 disclosure requirements are reflected within these financial statements prepared as of April 30, 2020.

In March 2020, the FASB issued ASU 2020-04 which provides optional guidance to ease the potential accounting burden associated with transitioning away from the London Interbank Offered Rate and other reference rates that are expected to be discontinued. The ASU is effective immediately upon release of the update on March 12, 2020 through December 31, 2022. At this time, management is evaluating implications of these changes on the financial statements.

M. 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, in The Tribune Company Bankruptcy, certain creditors have filed actions against all shareholders of The Tribune Company who tendered shares when The Tribune Company went private in 2007 in a leveraged buy-out transaction, seeking the return of proceeds received by the shareholders). 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.

N. 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.

The continued worldwide spread of novel coronavirus (or COVID-19) and its impact on international business operations, supply chains, travel, commodity prices, consumer confidence and business forecasts, and the associated impact on domestic and international equity markets and fixed income yields, has caused uncertainty for the global economy and financial markets. While it is too early to predict the impact of COVID-19 related factors, during a time of increased uncertainty and volatility, the performance of the Series may be adversely affected in the near term and, potentially, beyond.

202

DIMENSIONAL EMERGING MARKETS VALUE FUND

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.

203

DISCLOSURE OF FUND EXPENSES

CONTINUED

Six Months Ended April 30, 2020

EXPENSE TABLES

	Beginning		Ending					Expenses
	Account		Account		Annualized			Paid
	Value		Value		Expense			During
	11/01/19		04/30/20		Ratio (1)			Period (1)
Dimensional Emerging Markets Value Fund
Actual Fund Return Institutional Class Shares	$	1,000.00	$	809.00		0.14	%	$	0.63
Hypothetical 5% Annual Return Institutional Class Shares	$	1,000.00	$	1,024.17		0.14	%	$	0.70

(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 (182), then divided by the number of days in the year (366) to reflect the six-month period.

204

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 March 31, 2020. 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	6.3	%
Consumer Discretionary	6.5	%
Consumer Staples	2.4	%
Energy	14.2	%
Financials	29.7	%
Health Care	1.9	%
Industrials	8.6	%
Information Technology	8.9	%
Materials	13.9	%
Real Estate	6.1	%
Utilities	1.5	%
	100.0	%

205

DIMENSIONAL EMERGING MARKETS VALUE FUND

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)

		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (97.2%)
BELGIUM — (0.0%)
	Other Security			$	19,230		0.0	%
BRAZIL — (4.5%)
#	Petroleo Brasileiro SA 71654V101, Sponsored ADR		12,306,798		82,086,343		0.6	%
#	Petroleo Brasileiro SA 71654V408, Sponsored ADR		10,665,374		73,697,734		0.6	%
	Vale SA		27,820,681		229,506,936		1.7	%
	Vale SA, Sponsored ADR		1,771,958		14,618,653		0.1	%
	Other Securities				212,242,596		1.6	%
TOTAL BRAZIL					612,152,262		4.6	%
CANADA — (0.0%)
	Other Security				5,632,815		0.0	%
CHILE — (1.0%)
	Other Securities				136,227,454		1.0	%
CHINA — (29.3%)
	Agricultural Bank of China, Ltd., Class H		188,582,000		78,446,682		0.6	%
	Bank of China, Ltd., Class H		429,401,817		163,474,449		1.2	%
	China Construction Bank Corp., Class H		699,567,101		561,516,727		4.2	%
	China Mobile, Ltd.		47,016,500		377,968,321		2.8	%
#	China Mobile, Ltd., Sponsored ADR		1,828,857		73,099,414		0.6	%
	China Overseas Land & Investment, Ltd.		35,908,000		132,642,202		1.0	%
	China Petroleum & Chemical Corp., Class H		127,149,575		63,372,955		0.5	%
#	China Petroleum & Chemical Corp., ADR		1,019,288		50,638,218		0.4	%
	China Resources Land, Ltd.		27,684,000		114,395,916		0.9	%
	China Shenhua Energy Co., Ltd., Class H		30,249,000		53,588,758		0.4	%
	CNOOC, Ltd.		135,780,000		150,121,293		1.1	%
1	CNOOC, Ltd., Sponsored ADR		251,574		28,269,370		0.2	%
	Industrial & Commercial Bank of China, Ltd., Class H		388,008,996		260,163,573		1.9	%
	PetroChina Co., Ltd., Class H		176,780,000		63,497,871		0.5	%
*	Trip.com Group Ltd., ADR		2,378,359		61,266,528		0.5	%
	Other Securities				1,741,095,018		12.8	%
TOTAL CHINA					3,973,557,295		29.6	%
COLOMBIA — (0.1%)
	Other Securities				13,878,602		0.1	%
CZECH REPUBLIC — (0.2%)
	Other Security				27,147,010		0.2	%
GREECE — (0.1%)
	Other Securities				16,210,827		0.1	%
HONG KONG — (0.0%)
	Other Securities				2,108,252		0.0	%
HUNGARY — (0.3%)
	Other Securities				33,321,434		0.2	%

206

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
INDIA — (12.3%)
	Axis Bank, Ltd.		9,870,296	$	57,556,568		0.4	%
*	Bharti Airtel, Ltd.		23,172,024		157,880,995		1.2	%
	ICICI Bank, Ltd., Sponsored ADR		5,868,831		57,279,789		0.4	%
	Reliance Industries, Ltd.		29,368,007		570,223,509		4.3	%
	Reliance Industries, Ltd., GDR		16,375		621,375		0.0	%
	Other Securities				825,319,230		6.1	%
TOTAL INDIA.					1,668,881,466		12.4	%
INDONESIA — (1.8%)
	Other Securities				248,418,232		1.8	%
MALAYSIA — (2.3%)
	Other Securities				304,136,388		2.3	%
MEXICO — (2.2%)
#	Grupo Mexico S.A.B. de C.V., Class B		35,010,363		74,448,409		0.6	%
	Other Securities				218,752,223		1.6	%
TOTAL MEXICO.					293,200,632		2.2	%
PHILIPPINES — (1.0%)
	Other Securities				131,884,986		1.0	%
POLAND — (0.8%)
	Other Securities				109,551,653		0.8	%
QATAR — (0.0%)
	Other Security				23,891		0.0	%
RUSSIA — (1.7%)
	Gazprom PJSC, Sponsored ADR		16,109,153		81,576,090		0.6	%
	Lukoil PJSC, Sponsored ADR		1,951,521		127,312,816		1.0	%
	Other Securities				26,656,170		0.2	%
TOTAL RUSSIA					235,545,076		1.8	%
SAUDI ARABIA — (0.1%)
	Other Securities				9,879,430		0.1	%
SOUTH AFRICA — (4.2%)
	AngloGold Ashanti, Ltd., Sponsored ADR		2,183,014		53,243,711		0.4	%
	Gold Fields, Ltd., Sponsored ADR		11,818,542		86,748,098		0.7	%
#	MTN Group, Ltd.		18,791,045		49,380,214		0.4	%
#	Standard Bank Group, Ltd.		11,276,419		62,219,873		0.5	%
	Other Securities				320,394,751		2.3	%
TOTAL SOUTH AFRICA					571,986,647		4.3	%
SOUTH KOREA — (13.6%)
	Hana Financial Group, Inc.		3,104,872		70,878,029		0.5	%
	Hyundai Mobis Co., Ltd.		348,715		49,301,397		0.4	%
	Hyundai Motor Co.		973,740		75,262,722		0.6	%
	KB Financial Group, Inc.		2,105,869		60,251,658		0.5	%
#	KB Financial Group, Inc., ADR		2,874,360		80,884,490		0.6	%
	Kia Motors Corp		2,187,683		53,433,488		0.4	%
	LG Electronics, Inc.		1,283,495		57,763,781		0.4	%

207

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»		Percentage of Net Assets‡
SOUTH KOREA — (Continued)
	POSCO		599,309	$	90,558,836		0.7	%
#	POSCO, Sponsored ADR		1,216,529		45,267,044		0.4	%
	Shinhan Financial Group Co., Ltd.		3,401,930		86,247,600		0.7	%
	Other Securities				1,168,361,353		8.5	%
TOTAL SOUTH KOREA					1,838,210,398		13.7	%
TAIWAN — (18.5%)
	Cathay Financial Holding Co., Ltd.		81,283,459		108,458,006		0.8	%
	China Steel Corp.		129,590,320		86,795,292		0.7	%
	CTBC Financial Holding Co., Ltd.		159,147,073		106,054,413		0.8	%
	E.Sun Financial Holding Co., Ltd.		97,334,130		88,436,832		0.7	%
	First Financial Holding Co., Ltd.		81,659,283		60,139,848		0.5	%
	Fubon Financial Holding Co., Ltd.		62,771,471		88,757,553		0.7	%
	Hon Hai Precision Industry Co., Ltd.		74,465,192		191,373,044		1.4	%
	Mega Financial Holding Co., Ltd.		73,522,796		73,958,714		0.6	%
#	Taiwan Cement Corp.		66,265,095		95,605,638		0.7	%
#	United Microelectronics Corp.		119,503,681		61,827,025		0.5	%
	Yuanta Financial Holding Co., Ltd.		102,197,918		58,250,658		0.4	%
	Other Securities				1,485,487,165		10.8	%
TOTAL TAIWAN					2,505,144,188		18.6	%
THAILAND — (2.5%)
	PTT PCL		84,157,300		92,337,634		0.7	%
	Other Securities				240,290,842		1.8	%
TOTAL THAILAND					332,628,476		2.5	%
TURKEY — (0.7%)
	Other Securities				89,246,686		0.7	%
UNITED ARAB EMIRATES — (0.0%)
	Other Security				27,658		0.0	%
TOTAL COMMON STOCKS					13,159,020,988		98.0	%
PREFERRED STOCKS — (0.6%)
BRAZIL — (0.6%)
	Petroleo Brasileiro SA BRPETRACNPR6		17,625,950		58,505,746		0.5	%
	Other Securities				18,305,789		0.1	%
TOTAL BRAZIL					76,811,535		0.6	%
COLOMBIA — (0.0%)
	Other Securities				5,733,317		0.0	%
TOTAL PREFERRED STOCKS					82,544,852		0.6	%
RIGHTS/WARRANTS — (0.0%)
TAIWAN — (0.0%)
	Other Securities				70,159		0.0	%
TOTAL INVESTMENT SECURITIES (Cost $15,417,418,290)					13,241,635,999

208

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares			Value†		Percentage of Net Assets‡
SECURITIES LENDING COLLATERAL — (2.2%)
@§	The DFA Short Term Investment Fund		26,129,631		$	302,345,960		2.2	%
				��
TOTAL INVESTMENTS—(100.0%) (Cost $15,719,681,827)					$	13,543,981,959		100.8%

As of April 30, 2020, 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:
MSCI Emerging Markets Index	650		06/19/20	$	27,070,721	$	29,441,750	$	2,371,029
S&P 500® Emini Index	495		06/19/20		67,160,442		71,834,400		4,673,958
Total Futures Contracts				$	94,231,163	$	101,276,150	$	7,044,987

Summary of the Fund’s investments as of April 30, 2020, 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
Belgium		—	$	19,230		—	$	19,230
Brazil	$	612,152,262		—		—		612,152,262
Canada		5,632,815		—		—		5,632,815
Chile		136,227,454		—		—		136,227,454
China		311,933,368		3,661,623,927		—		3,973,557,295
Colombia		13,878,602		—		—		13,878,602
Czech Republic		—		27,147,010		—		27,147,010
Greece		—		16,210,827		—		16,210,827
Hong Kong		—		2,108,252		—		2,108,252
Hungary		—		33,321,434		—		33,321,434
India		79,214,132		1,589,667,334		—		1,668,881,466
Indonesia		327,325		248,090,907		—		248,418,232
Malaysia		17,329		304,119,059		—		304,136,388
Mexico		293,200,632		—		—		293,200,632
Philippines		—		131,884,986		—		131,884,986
Poland		—		109,551,653		—		109,551,653
Qatar		—		23,891		—		23,891
Russia		19,075,783		216,469,293		—		235,545,076
Saudi Arabia		—		9,879,430		—		9,879,430
South Africa		177,874,723		394,111,924		—		571,986,647
South Korea		181,083,531		1,657,126,867		—		1,838,210,398
Taiwan		13,096,660		2,492,047,528		—		2,505,144,188
Thailand		332,602,336		26,140		—		332,628,476
Turkey		—		89,246,686		—		89,246,686
United Arab Emirates		—		27,658		—		27,658
Preferred Stocks
Brazil		76,811,535		—		—		76,811,535
Colombia		5,733,317		—		—		5,733,317

209

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Rights/Warrants
Taiwan		—	$	70,159		—	$	70,159
Securities Lending Collateral		—		302,345,960		—		302,345,960
Futures Contracts**	$	7,044,987		—		—		7,044,987
TOTAL	$	2,265,906,791	$	11,285,120,155		—	$	13,551,026,946

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

See accompanying Notes to Financial Statements.

210

DIMENSIONAL EMERGING MARKETS VALUE FUND

STATEMENT OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

(Amounts in thousands)

	Dimensional
	Emerging
	Markets
	Value Fund
ASSETS:
Investment Securities at Value (including $497,192 of securities on loan)*	$	13,241,636
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $302,264)		302,346
Segregated Cash for Futures Contracts		9,515
Foreign Currencies at Value		68,711
Cash		98,995
Receivables:
Investment Securities Sold		22,706
Dividends, Interest and Tax Reclaims		9,617
Securities Lending Income		977
Futures Margin Variation		3,739
Total Assets		13,758,242
LIABILITIES:
Payables:
Upon Return of Securities Loaned		302,318
Investment Securities Purchased		17,398
Due to Advisor		1,054
Accrued Expenses and Other Liabilities		3,695
Total Liabilities		324,465
NET ASSETS	$	13,433,777
Investment Securities at Cost	$	15,417,418
Foreign Currencies at Cost	$	69,203

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

See accompanying Notes to Financial Statements.

211

DIMENSIONAL EMERGING MARKETS VALUE FUND

STATEMENT OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)

	Dimensional
	Emerging
	Markets
	Value Fund#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $22,736)	$	159,924
Income from Securities Lending		5,139
Total Investment Income		165,063
Expenses
Investment Management Fees		8,004
Accounting & Transfer Agent Fees		363
Custodian Fees		2,999
Shareholders’ Reports		8
Directors’/Trustees’ Fees & Expenses		44
Professional Fees		224
Other		231
Total Expenses		11,873
Fees Paid Indirectly (Note C)		(628	)
Net Expenses		11,245
Net Investment Income (Loss)		153,818
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		(478,266	)
Affiliated Investment Companies Shares Sold		(8	)
Futures		9,652
Foreign Currency Transactions		(10,500	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(2,933,725	)
Affiliated Investment Companies Shares		24
Futures		3,737
Translation of Foreign Currency-Denominated Amounts		(2,080	)
Net Realized and Unrealized Gain (Loss)		(3,411,166	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(3,257,348	)

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

# Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

212

DIMENSIONAL EMERGING MARKETS VALUE FUND

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	Dimensional Emerging
	Markets Value Fund
	Six Months			Year
	Ended			Ended
	Apr 30,			Oct 31,
	2020			2019
	(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	153,818		$	520,823
Net Realized Gain (Loss) on:
Investment Securities Sold*,**		(478,266	)		(179,248	)
Affiliated Investment Companies Shares Sold		(8	)		(19	)
Futures		9,652			5,514
Foreign Currency Transactions		(10,500	)		(3,145	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(2,933,725	)		474,939
Affiliated Investment Companies Shares		24			35
Futures		3,737			12,212
Translation of Foreign Currency-Denominated Amounts		(2,080	)		(50	)
Net Increase (Decrease) in Net Assets Resulting from Operations		(3,257,348	)		831,061
Transactions in Interest:
Contributions		579,727			1,538,030
Withdrawals		(1,314,699	)		(1,627,901	)
Net Increase (Decrease) from Transactions in Interest		(734,972	)		(89,871	)
Total Increase (Decrease) in Net Assets		(3,992,320	)		741,190
Net Assets
Beginning of Period		17,426,097			16,684,907
End of Period	$	13,433,777		$	17,426,097

* Net of foreign capital gain taxes withheld for the period ended April 30, 2020 of $0.

** Net of foreign capital gain taxes withheld for the fiscal year ended October 31, 2019 of $1.

See accompanying Notes to Financial Statements.

213

DIMENSIONAL EMERGING MARKETS VALUE FUND

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Dimensional Emerging Markets Value Fund
	Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015
	(Unaudited)
Total Return		(19.10	%)(B)		5.24	%		(9.06	%)		24.89	%		15.80	%		(17.95	%)
Net Assets, End of Period (thousands)	$	13,433,777		$	17,426,097		$	16,684,907		$	19,612,211		$	16,647,507		$	15,088,058
Ratio of Expenses to Average Net Assets		0.14	%(C)		0.13	%		0.14	%		0.16	%		0.16	%		0.15	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.15	%(C)		0.15	%		0.14	%		0.16	%		0.16	%		0.15	%
Ratio of Net Investment Income to Average Net Assets		1.92	%(C)		2.95	%		2.78	%		2.64	%		2.72	%		2.54	%
Portfolio Turnover Rate		10	%(B)		14	%		13	%		14	%		12	%		14	%

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

See accompanying Notes to Financial Statements.

214

DIMENSIONAL EMERGING MARKETS VALUE FUND

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

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 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

215

exchanges and the pricing of the Fund’s shares (at the close of the NYSE), the Fund will fair-value its 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 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. Core Equity 2 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, 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 April 30, 2020, 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 $527 (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

216

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). As of April 30, 2020, none of the Trustees have requested or received a distribution of proceeds of a deferred fee account.

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 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 six months ended April 30, 2020, 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 six months ended April 30, 2020, expenses reduced were the following (amount in thousands):

	Fees Paid
	Indirectly
Dimensional Emerging Markets Value Fund	$	628

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 six months ended April 30, 2020, the total related amounts paid by the Fund to the CCO were $9 (in thousands) and are included in Other Expenses on the Statement of Operations.

217

D. Purchases and Sales of Securities:

For the six months ended April 30, 2020, 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	$	1,534,855	$	2,097,212

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

For the six months ended April 30, 2020, 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, 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, 2019		at Cost		from Sales		on Sales			Depreciation		April 30, 2020		April 30, 2020		Income		Distributions
Dimensional Emerging Markets Value Fund
The DFA Short Term Investment Fund	$	398,290	$	1,074,045	$	1,170,005	$	(8	)	$	24	$	302,346		26,130	$	9,420		—
Total	$	398,290	$	1,074,045	$	1,170,005	$	(8	)	$	24	$	302,346		26,130	$	9,420		—

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 April 30, 2020, 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	$	17,429,703	$	4,005,245	$	(2,389,655	)	$	1,615,590

The difference between GAAP-basis and tax basis unrealized gains (losses) is attributable primarily to 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 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 adjust market exposure based on actual or expected cash inflows to or outflows from the Fund. The Fund, however, does not intend to sell futures contracts to establish short positions in individual securities. 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 six months ended April 30, 2020 was as follows (amount in thousands):

	Futures*
Dimensional Emerging Markets Value Fund	$	131,531

* Average Notional Value of contracts

The following is a summary of the Fund’s derivative instrument holdings categorized by primary risk exposure as of April 30, 2020 (amounts in thousands):

	Asset Derivatives Value
	Total Value
	at		Equity
	April 30, 2020		Contracts *,(1)
Dimensional Emerging Markets Value Fund	$	7,045	$	7,045

(1) Presented on Statements of Assets and Liabilities as Receivables: 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.

219

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 six months ended April 30, 2020 (amounts in thousands):

	Realized Gain (Loss) on
	Derivatives
			Equity
	Total		Contracts (1)
Dimensional Emerging Markets Value Fund	$	9,652	$	9,652

	Change in Unrealized Appreciation
	(Depreciation) on Derivatives
			Equity
	Total		Contracts (2)
Dimensional Emerging Markets Value Fund	$	3,737	$	3,737

(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 8, 2020, with its domestic custodian bank. A line of credit with similar terms was in effect through April 8, 2020. 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 7, 2021.

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, 2020. A line of credit with similar terms was in effect through January 2, 2020. 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, 2021.

220

For the six months ended April 30, 2020, borrowings by the Fund 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 04/30/2020

Dimensional Emerging Markets Value Fund

2.30

%

$

2,371

3

—

$

2,371

—

* Number of Days Outstanding represents the total of single or consecutive days during the six months ended April 30, 2020, 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.

The Fund did not use the interfund lending program during the six months ended April 30, 2020.

H. Affiliated Trades:

Cross trades for the six months ended April 30, 2020, 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 six months ended April 30, 2020, 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	$	1,000	$	2,390	$	(694	)

I. Securities Lending:

As of April 30, 2020, the Fund had securities on loan to brokers/dealers, for which the Fund received cash collateral. The Fund 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	$	289,995

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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 April 30, 2020:

	Remaining Contractual Maturity of the Agreements
	As of April 30, 2020
	Overnight and				Between
	Continuous		<30 days		30 & 90 days		>90 days		Total
Securities Lending Transactions
Dimensional Emerging Markets Value Fund
Common Stocks	$	302,318		—		—		—	$	302,318

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:

In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2017-08 which changes the amortization period for a callable debt security from the maturity date to the earliest call date. The ASU is effective for annual periods beginning after December 15, 2018, and interim periods within those

222

annual periods. The Fund’s adoption of ASU 2017-08 disclosure requirements are reflected within these financial statements prepared as of April 30, 2020 and management has concluded that the change in accounting principle does not materially impact the financial statement amounts.

In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurements” (“ASU 2018-13”). This update makes certain removals from, changes to and additions to existing disclosure requirements for fair value measurement. ASU 2018-13 does not change fair value measurements already required or permitted by existing standards. ASU 2018-13 is effective for financial statements issued for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Fund’s early adoption of all of the ASU 2018-13 disclosure requirements are reflected within these financial statements prepared as of April 30, 2020.

In March 2020, the FASB issued ASU 2020-04 which provides optional guidance to ease the potential accounting burden associated with transitioning away from the London Interbank Offered Rate and other reference rates that are expected to be discontinued. The ASU is effective immediately upon release of the update on March 12, 2020 through December 31, 2022. At this time, management is evaluating implications of these changes on the financial statements.

L. Other:

The Fund is subject to claims and suits that arise from time to time in the ordinary course of business (for example, in The Tribune Company Bankruptcy, certain creditors have filed actions against all shareholders of The Tribune Company who tendered shares when The Tribune Company went private in 2007 in a leveraged buy-out transaction, seeking the return of proceeds received by the shareholders). 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.

M. 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.

The continued worldwide spread of novel coronavirus (or COVID-19) and its impact on international business operations, supply chains, travel, commodity prices, consumer confidence and business forecasts, and the associated impact on domestic and international equity markets and fixed income yields, has caused uncertainty for the global economy and financial markets. While it is too early to predict the impact of COVID-19 related factors, during a time of increased uncertainty and volatility, the performance of the Fund may be adversely affected in the near term and, potentially, beyond.

223

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.

224

STATEMENT REGARDING LIQUIDITY RISK MANAGEMENT PROGRAM

Each series/portfolio of DFA Investment Dimensions Group Inc. (“DFAIDG”), Dimensional Investment Group Inc. (“DIG”), Dimensional Emerging Markets Value Fund (“DEM”) and The DFA Investment Trust Company (“DFAITC”), except for The DFA Short Term Investment Fund (each, a “Fund”) has adopted and implemented a written liquidity risk management program (the “Program”) pursuant to Rule 22e-4 under the Investment Company Act of 1940 (the “Liquidity Rule”). The Program includes policies and procedures reasonably designed to assess and manage each Fund’s liquidity risk (which is defined as the “risk that a fund could not meet requests to redeem shares issued by the fund without significant dilution of remaining investors’ interests in the fund”) and to comply with the requirements of the Liquidity Rule, including: (i) assessment, management and periodic review of liquidity risk; (ii) classification of portfolio holdings; (iii) establishment of a highly liquid investment minimum (“HLIM”), as applicable; (iv) illiquid investments; and (v) redemptions in-kind.

Each Fund’s Board of Directors (collectively, the “Board”) approved the designation of the Liquidity Risk Management Committee of Dimensional Fund Advisors LP, each Fund’s investment advisor (the “Advisor”), to serve as administrator of the Program (the “Program Administrator”). The Program Administrator oversees the monitoring of liquidity and liquidity risk for each Fund on an ongoing basis.

At a meeting of the Board held on March 26-27, 2020, the Program Administrator provided a written report (the “Report”) to the Board addressing the operation of the Program and assessing its adequacy and effectiveness of implementation for the annual period from December 1, 2018 through December 31, 2019 (the “Reporting Period”).

The Program Administrator conducted an annual review of the Program and the implementation of the elements of the Program during the Reporting Period in accordance with the requirements of the Liquidity Rule, taking into account the following factors enumerated in the Liquidity Rule and identified in the Program, as applicable:

1) Each Fund’s investment strategy and liquidity of portfolio investments during both normal and reasonably foreseeable stressed conditions, including: (i) whether the Fund’s investment strategy is appropriate for an open-end fund; (ii) the extent to which the Fund’s strategy involves a relatively concentrated portfolio or large positions in particular issuers; (iii) the Fund’s use of borrowings for investment purposes; and (iv) the Fund’s use of derivatives;

2) Short-term and long-term cash flow projections during both normal and reasonably foreseeable stressed conditions; and

3) Holdings of cash and cash equivalents, as well as borrowing arrangements and other funding sources.

Based on the information considered, the Report concluded that each of the Funds continues to have an investment strategy that is appropriate for an open-end fund, and that each of the Funds is reasonably likely to be able to meet redemption requests without significant dilution of remaining shareholders’ interests in the Fund.

In accordance with the Program, each Fund’s portfolio investments were classified into one of four liquidity categories as provided in the Liquidity Rule as applicable during the Reporting Period. Liquidity classification determinations take into account a variety of factors including market, trading and investment-specific considerations, as well as market depth in accordance with the requirements of Liquidity Rule and as specified in the Program, and generally incorporate analysis from a third-party data vendor.

Pursuant to the Liquidity Rule, no Fund may acquire any illiquid investment if, after the acquisition, the Fund would have invested more than 15% of its assets in illiquid investments that are assets. The Program includes provisions reasonably designed to comply with the 15% limit on illiquid investments and for determining, periodically reviewing and complying with the HLIM requirements, as applicable.

During the Reporting Period, each of the Funds qualified as a fund that primarily holds assets that are highly liquid investments, and, therefore, no Fund was required to establish or comply with an HLIM as set forth in the Program.

On the basis of the review, the Report concluded that: (i) the Program remains reasonably designed to manage each Fund’s liquidity risk; (ii) the Program was implemented and operated effectively to achieve the goal of assessing and managing each Fund’s liquidity risk during the Reporting Period; and (iii) each Fund was able to meet requests for redemption without significant dilution of remaining investors in the Fund during the Reporting Period.

225

BOARD APPROVAL OF INVESTMENT MANAGEMENT AGREEMENTS

At the Board meeting held on December 17-18, 2019 (the “Meeting”), the Boards of Directors of DFA Investment Dimensions Group Inc. and Dimensional Investment Group Inc., and the Boards of Trustees of The DFA Investment Trust Company and Dimensional Emerging Markets Value Fund (together, the “Board”) considered the continuation of the investment management agreements for each portfolio/series (collectively, the “Funds”) and, if applicable, a Fund’s sub-advisory agreements. For certain Funds, Dimensional Fund Advisors Ltd. or DFAAustralia Limited serves as a sub-advisor. (The investment management agreements and the sub-advisory agreements are referred to as the “Management Agreements,” and the Advisor and sub-advisors are referred to as the “Advisor.”)

Prior to the Meeting, independent counsel to the Independent Board Members sent to the Advisor a request for information, which identified the information that the Independent Board Members wished to receive in order to consider the continuation of the Management Agreements. The Independent Board Members met with their independent counsel in advance of the Meeting to discuss the materials provided by the Advisor, the independent reports prepared by Access Data Inc. (the “Access Data Reports”), and issues related to the continuation of the Management Agreements. Also in advance of the Meeting, management provided additional materials to address and respond to questions that the Independent Board Members posed after their review and analysis of materials provided by the Advisor and the Access Data Reports.

At the Meeting, the Board considered a number of factors when considering the continuation of each Management Agreement for a Fund, including: (i) the nature, extent and quality of services provided by the Advisor to each Fund; (ii) the performance of each Fund and the Advisor; (iii) the fees and expenses borne by each Fund; (iv) the profitability realized by the Advisor from the relationship with each Fund; and (v) whether economies of scale are realized by the Advisor with respect to each Fund as it grows larger, and the extent to which this is reflected in the level of the management fee charged.

When considering the nature and quality of the services provided by the Advisor to a Fund, the Board reviewed: (a) the scope and depth of the Advisor’s organization; (b) the experience and expertise of its investment professionals currently providing management services to the Fund; and (c) the Advisor’s investment global advisory capabilities. The Board evaluated the Advisor’s portfolio management process and discussed the unique features of the Advisor’s investment approach. The Board also considered the nature and character of non-investment advisory services provided by the Advisor, including administrative services. After analyzing the caliber of services provided by the Advisor to each Fund, both quantitatively and qualitatively, including the impact of these services on investment performance, the Board concluded that the nature, extent and quality of services provided to each Fund were consistent with the operational requirements of the Fund and met the needs of the shareholders of the Fund.

In considering the performance of each Fund, the Board analyzed the Access Data Reports, which compared the performance of each Fund with other funds in its respective peer group and investment category. The Board also reviewed the performance analysis prepared by the Advisor, which presented the performance of each Fund and its benchmark index, over multiple performance periods, along with the Advisor’s explanation of the performance. The Board concluded that the Advisor’s explanations provided a sound basis for understanding the comparative performance of the Funds. The Board determined, among other things, that after considering each Fund’s investment strategies and the expectations of its shareholder base, the performance of each Fund was reasonable as compared with relevant performance standards and appropriate market indexes.

When considering the fees and expenses borne by each Fund, and considering the reasonableness of the management fees paid to the Advisor in light of the services provided to the Fund and any additional benefits received by the Advisor in connection with providing such services, the Board compared the fees charged by the Advisor to the Fund to the fees charged to the funds in its peer group for comparable services as provided in the Access Data Reports. The Board concluded that the effective management fees and total expenses of each Fund over various periods were favorable in relation to those of its peer funds, and that the management fees were fair, both on an absolute basis and in comparison with the fees of other funds identified in the peer groups and the industry at large.

The Board considered the profitability of each Fund to the Advisor by reviewing the profitability analysis provided by the Advisor, including information about its fee revenues and income. The Board reviewed the overall profitability of the Advisor, and the compensation that it received for providing services to each Fund. The Board considered the

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BOARD APPROVAL OF INVESTMENT MANAGEMENT AGREEMENTS

CONTINUED

profitability to the Advisor of managing and servicing the Funds and the Advisor’s unregistered clients, such as collective trusts, group trusts and separate accounts. Upon closely examining the Advisor’s profitability, the Board concluded, among other things, that it was reasonable and similar to the profitability reported in previous years.

The Board also discussed whether economies of scale are realized by the Advisor with respect to each Fund as it grows larger, and the extent to which this is reflected in the level of management fees charged. For several reasons, the Board concluded that economies of scale and the reflection of such economies of scale in the level of management fees charged were inapplicable to each Fund at the present time, due to the current level of fees and expenses and the profitability of the Fund.

After full consideration of the factors discussed above, with no single factor identified as being of paramount importance, the Board, including the Independent Board Members, with the assistance of independent counsel, concluded that the continuation of the Management Agreement for each Fund was in the best interests of the Fund and its shareholders.

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DFA043020-001SI 00245690

ITEM 2. CODE OF ETHICS.

Not applicable when filing a semi-annual report to shareholders.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Not applicable when filing a semi-annual report to shareholders.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Not applicable when filing a semi-annual report to shareholders.

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) The Registrant’s schedule of investments is provided below.

DIMENSIONAL EMERGING MARKETS VALUE FUND

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

		Shares		Value»
COMMON STOCKS — (97.2%)
BELGIUM — (0.0%)
*	Titan Cement International SA		1,390	$	19,230
BRAZIL — (4.5%)
	Alliar Medicos A Frente SA		200,100		386,004
	Banco Bradesco SA, ADR		993,592		3,497,445
	Banco Bradesco SA		839,815		2,711,920
	Banco do Brasil SA		4,302,386		22,548,778
	Banco Santander Brasil SA		1,904,406		9,455,665
	BrasilAgro - Co. Brasileira de Propriedades Agricolas		248,284		935,990
	Camil Alimentos SA		717,647		1,076,886
	Cia Brasileira de Distribuicao		765,758		9,325,014
	Cia Siderurgica Nacional SA		137,400		226,393
	Cogna Educacao		11,187,010		11,397,053
	Construtora Tenda SA		380,090		1,624,394
	Cosan SA		310,503		3,445,402
	CSU Cardsystem SA		189,200		343,057
	Cyrela Brazil Realty SA Empreendimentos e Participacoes		1,022,987		2,993,016
	Direcional Engenharia SA		986,424		1,596,302
	Duratex SA		2,289,395		4,100,610
*	Embraer SA		1,042,062		1,657,595
*	Embraer SA, Sponsored ADR		853,611		5,403,358
	Enauta Participacoes SA		1,007,273		1,691,168
*	Even Construtora e Incorporadora SA		1,582,356		1,961,250
	Ez Tec Empreendimentos e Participacoes SA		963,890		5,354,844
	Fras-Le SA		22,500		16,757
	Gafisa SA, ADR		164,984		316,769
#	Gerdau SA, Sponsored ADR		6,761,483		14,537,189
	Gerdau SA		1,159,266		2,291,714
*	Helbor Empreendimentos SA		3,041,672		1,040,385
	Industrias Romi SA		212,800		436,330
	International Meal Co. Alimentacao SA, Class A		1,169,264		698,819
	Iochpe-Maxion SA		1,393,506		3,257,041
	JBS SA		4,233,288		18,558,926
	JHSF Participacoes SA		1,753,405		1,341,357
	Kepler Weber SA		7,000		34,730
*	Marisa Lojas SA		1,090,350		1,317,347
*	Mills Estruturas e Servicos de Engenharia SA		55,800		48,228
	MRV Engenharia e Participacoes SA		1,576,590		4,392,383
*	Paranapanema SA		79,099		161,024
*	Petro Rio SA		87,499		329,053
#	Petroleo Brasileiro SA 71654V101, Sponsored ADR		12,306,798		82,086,343
#	Petroleo Brasileiro SA 71654V408, Sponsored ADR		10,665,374		73,697,734
	Petroleo Brasileiro SA BRPETRACNOR9		13,010,994		44,622,931
*	Positivo Tecnologia SA		33,500		28,338
	Restoque Comercio e Confeccoes de Roupas SA		100		112
	Sao Carlos Empreendimentos e Participacoes SA		58,500		385,130
	Sao Martinho SA		29,200		102,562
	SLC Agricola SA		1,154,934		5,097,265
*	Springs Global Participacoes SA		128,800		137,613
	Sul America SA		1,348,714		11,098,945
# *	Suzano SA, Sponsored ADR		747,156		5,386,993
	T4F Entretenimento SA		180,700		62,140
*	Tecnisa SA		3,050,479		437,554
	Trisul SA		290,805		435,306
	Tupy SA		800,806		2,179,505

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
BRAZIL — (Continued)
	Usinas Siderurgicas de Minas Gerais SA		549,500	$	535,565
	Vale SA, Sponsored ADR		1,771,958		14,618,653
	Vale SA		27,820,681		229,506,936
	Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		745,237		1,222,441
TOTAL BRAZIL					612,152,262
CANADA — (0.0%)
#	Atlas Corp.		755,069		5,632,815
CHILE — (1.0%)
	Besalco SA		530,992		235,744
	CAP SA		903,279		4,408,746
	Cementos BIO BIO SA		665,307		537,911
	Cencosud SA		12,512,215		15,136,348
	Cia Pesquera Camanchaca SA		1,334,309		79,908
*	Cia Sud Americana de Vapores SA		35,367,945		847,238
	Cristalerias de Chile SA		264,624		1,299,507
*	Empresa Nacional de Telecomunicaciones SA		712,006		4,306,660
	Empresas CMPC SA		8,516,615		18,360,349
	Empresas COPEC SA		2,340,431		14,627,343
	Empresas Hites SA		1,895,532		324,686
*	Empresas La Polar SA		15,891,479		171,306
	Enel Americas SA, ADR		4,782,864		38,693,370
	Enel Americas SA		38,906,089		6,384,159
	Enel Chile SA, ADR		1,228,445		4,926,064
	Grupo Security SA		3,945,934		702,130
	Inversiones Aguas Metropolitanas SA		3,385,569		2,716,849
	Itau CorpBanca Chile SA		729,259,638		2,064,008
#	Latam Airlines Group SA, Sponsored ADR		563,442		2,141,080
	Latam Airlines Group SA		1,238,786		4,681,243
*	Masisa SA		32,206,091		634,170
	PAZ Corp. SA		2,060,637		1,340,191
	Ripley Corp. SA		10,652,870		3,317,459
	Salfacorp SA		2,661,259		1,147,507
	Sigdo Koppers SA		187,924		180,069
	SMU SA		449,171		75,319
	Sociedad Matriz SAAM SA		54,199,027		3,187,414
	Socovesa SA		5,314,468		1,247,617
	SONDA SA		53,757		32,514
	Vina Concha y Toro SA		1,536,816		2,420,545
TOTAL CHILE					136,227,454
CHINA — (29.3%)
	361 Degrees International, Ltd.		7,535,000		1,143,225
	AAG Energy Holdings, Ltd.		308,000		47,776
	Agile Group Holdings, Ltd.		13,074,999		14,706,344
	Agricultural Bank of China, Ltd., Class H		188,582,000		78,446,682
	Air China, Ltd., Class H		22,518,000		16,055,937
	Ajisen China Holdings, Ltd.		3,251,000		723,620
# *	Aluminum Corp. of China, Ltd., Class H		21,698,000		4,566,703
	AMVIG Holdings, Ltd.		3,169,100		605,779
	Angang Steel Co., Ltd., Class H		19,813,632		5,341,346
#	Anton Oilfield Services Group		21,022,000		1,311,743
	Asia Cement China Holdings Corp.		4,854,000		5,619,084
# *	Asian Citrus Holdings, Ltd.		4,633,000		67,232
	AviChina Industry & Technology Co., Ltd., Class H		12,969,000		5,118,510
	BAIC Motor Corp., Ltd., Class H		15,740,000		6,886,092

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
CHINA — (Continued)
*	Baidu, Inc., Sponsored ADR		148,241	$	14,961,964
	Bank of China, Ltd., Class H		429,401,817		163,474,449
	Bank of Chongqing Co., Ltd., Class H		3,051,500		1,634,705
	Bank of Communications Co., Ltd., Class H		51,954,574		32,923,927
	Bank of Tianjin Co., Ltd., Class H		29,000		12,040
#	Bank of Zhengzhou Co., Ltd., Class H		366,000		101,418
	Baoshan Iron & Steel Co., Ltd., Class A		1,654,056		1,133,823
*	Baoye Group Co., Ltd., Class H		1,699,120		1,015,431
#	BBMG Corp., Class H		20,114,000		5,085,177
	Beijing Capital International Airport Co., Ltd., Class H		13,988,000		9,372,236
	Beijing Capital Land, Ltd., Class H		9,430,589		2,113,900
*	Beijing Enterprises Clean Energy Group, Ltd.		4,880,000		20,031
	Beijing Enterprises Holdings, Ltd.		3,262,500		11,557,690
# *	Beijing Enterprises Medical & Health Group, Ltd.		3,048,000		57,515
	Beijing Enterprises Water Group, Ltd.		15,970,000		6,197,184
#	Beijing North Star Co., Ltd., Class H		7,206,000		1,750,352
*	Beijing Properties Holdings, Ltd.		456,000		6,779
	Beijing Urban Construction Design & Development Group Co., Ltd., Class H		246,000		67,226
	Best Pacific International Holdings, Ltd.		396,000		58,855
	BOE Technology Group Co., Ltd., Class A		1,469,600		771,089
	Boyaa Interactive International, Ltd.		1,548,000		141,421
	Brilliance China Automotive Holdings, Ltd.		16,650,000		15,405,205
#	BYD Electronic International Co., Ltd.		5,746,500		13,232,611
	C C Land Holdings, Ltd.		18,480,429		4,291,081
	Cabbeen Fashion, Ltd.		1,134,000		165,962
*	Capital Environment Holdings, Ltd.		12,116,000		176,511
# *	CAR, Inc.		3,563,000		1,036,837
	Carrianna Group Holdings Co., Ltd.		3,478,391		245,467
*	CECEP COSTIN New Materials Group, Ltd.		132,000		1,916
	Central China Real Estate, Ltd.		6,516,350		3,321,547
*	Century Sunshine Group Holdings, Ltd.		11,885,000		251,162
	CGN New Energy Holdings Co., Ltd.		14,816,000		3,068,342
	Changshouhua Food Co., Ltd.		95,000		30,668
	Chaowei Power Holdings, Ltd.		4,898,000		1,403,348
	Cheetah Mobile, Inc., ADR		218,633		448,198
	China Aerospace International Holdings, Ltd.		12,130,000		638,142
	China Aircraft Leasing Group Holdings, Ltd.		760,500		701,130
	China Aoyuan Group, Ltd.		5,650,000		6,638,356
*	China Beidahuang Industry Group Holdings, Ltd.		408,000		2,974
	China BlueChemical, Ltd., Class H		17,626,878		2,630,937
	China Cinda Asset Management Co., Ltd., Class H		53,481,000		10,365,525
	China CITIC Bank Corp., Ltd., Class H		61,591,112		30,089,370
	China Coal Energy Co., Ltd., Class H		13,890,000		3,716,082
	China Common Rich Renewable Energy Investments, Ltd.		14,642,000		1,770,638
	China Communications Construction Co., Ltd., Class H		32,775,327		22,029,759
	China Communications Services Corp., Ltd., Class H		18,879,071		13,457,236
	China Construction Bank Corp., Class H		699,567,101		561,516,727
*	China Dili Group		4,137,899		923,485
	China Dongxiang Group Co., Ltd.		19,415,000		1,618,438
# *	China Eastern Airlines Corp., Ltd., ADR		5,953		117,393
# *	China Eastern Airlines Corp., Ltd., Class H		13,416,000		5,452,396
	China Electronics Optics Valley Union Holding Co., Ltd.		3,112,000		135,884
	China Energy Engineering Corp., Ltd., Class H		2,124,000		214,931
	China Everbright Bank Co., Ltd., Class H		18,885,000		8,013,905
#	China Everbright Greentech Ltd.		3,310,000		1,368,052
	China Everbright, Ltd.		8,999,869		13,758,761
#	China Evergrande Group		13,269,000		23,588,790
	China Financial Services Holdings, Ltd.		1,884,000		56,694

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
CHINA — (Continued)
	China Foods, Ltd.		978,000	$	322,279
	China Galaxy Securities Co., Ltd., Class H		18,660,000		9,475,576
	China Glass Holdings, Ltd.		4,496,000		202,223
	China Harmony New Energy Auto Holding, Ltd.		7,047,500		3,640,665
*	China High Precision Automation Group, Ltd.		429,000		12,658
	China High Speed Transmission Equipment Group Co., Ltd.		1,889,000		1,197,073
	China Hongqiao Group, Ltd.		10,475,000		5,163,674
	China Huarong Asset Management Co., Ltd., Class H		62,368,000		6,951,218
*	China Huiyuan Juice Group, Ltd.		4,269,983		386,268
#	China International Capital Corp., Ltd., Class H		6,975,600		10,712,474
#	China International Marine Containers Group Co., Ltd., Class H		3,417,680		3,025,908
#	China Jinmao Holdings Group, Ltd.		30,378,580		21,388,382
	China Lesso Group Holdings, Ltd.		9,373,000		13,431,223
	China Lilang, Ltd.		399,000		244,494
*	China Longevity Group Co., Ltd.		1,152,649		38,211
# *	China Lumena New Materials Corp.		1,315,048		0
	China Machinery Engineering Corp., Class H		7,481,000		2,052,584
	China Maple Leaf Educational Systems, Ltd.		496,000		145,814
	China Merchants Bank Co., Ltd., Class H		1,905,000		9,015,048
	China Merchants Land, Ltd.		12,682,000		2,105,855
	China Merchants Port Holdings Co., Ltd.		8,291,903		10,672,206
	China Merchants Securities Co., Ltd., Class H		343,400		376,845
# *	China Metal Recycling Holdings, Ltd.		3,259,800		0
	China Minsheng Banking Corp., Ltd., Class H		49,720,900		37,037,110
	China Mobile, Ltd.		47,016,500		377,968,321
#	China Mobile, Ltd., Sponsored ADR		1,828,857		73,099,414
*	China Modern Dairy Holdings, Ltd.		445,000		47,545
	China National Building Material Co., Ltd., Class H		39,005,250		48,723,240
#	China New Town Development Co., Ltd.		11,705,522		188,955
#	China Oil & Gas Group, Ltd.		18,900,000		594,176
	China Oilfield Services, Ltd., Class H		8,650,000		6,737,611
	China Oriental Group Co., Ltd.		13,130,000		3,968,104
	China Overseas Grand Oceans Group, Ltd.		14,626,500		9,160,617
	China Overseas Land & Investment, Ltd.		35,908,000		132,642,202
#	China Petroleum & Chemical Corp., ADR		1,019,288		50,638,218
	China Petroleum & Chemical Corp., Class H		127,149,575		63,372,955
	China Pioneer Pharma Holdings, Ltd.		324,000		52,842
*	China Properties Group, Ltd.		3,380,000		248,876
	China Railway Construction Corp., Ltd., Class H		21,729,514		23,859,158
	China Railway Group, Ltd., Class H		29,130,000		17,417,625
*	China Railway Signal & Communication Corp., Ltd., Class H		1,492,000		737,402
*	China Rare Earth Holdings, Ltd.		4,994,600		186,396
	China Reinsurance Group Corp., Class H		23,684,000		2,775,200
	China Resources Cement Holdings, Ltd.		20,380,000		27,731,143
	China Resources Land, Ltd.		27,684,000		114,395,916
	China Resources Medical Holdings Co., Ltd.		4,674,000		2,374,278
	China Resources Pharmaceutical Group, Ltd.		7,081,500		4,447,384
	China Sanjiang Fine Chemicals Co., Ltd.		5,510,000		1,231,106
	China SCE Group Holdings, Ltd.		22,450,000		9,845,019
# *	China Shengmu Organic Milk, Ltd.		729,000		20,555
	China Shenhua Energy Co., Ltd., Class H		30,249,000		53,588,758
	China Shineway Pharmaceutical Group, Ltd.		2,658,000		1,969,965
*	China Silver Group, Ltd.		9,914,000		750,172
	China South City Holdings, Ltd.		43,550,000		4,180,800
	China Southern Airlines Co., Ltd., Sponsored ADR		2,931		73,773
#	China Southern Airlines Co., Ltd., Class H		16,482,000		8,241,508
	China Starch Holdings, Ltd.		13,595,000		225,825
	China State Construction Engineering Corp., Ltd., Class A		2,959,314		2,175,152
	China State Construction International Holdings, Ltd.		11,584,000		8,981,145

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
CHINA — (Continued)
	China Sunshine Paper Holdings Co., Ltd.		1,513,500	$	192,810
	China Taiping Insurance Holdings Co., Ltd.		12,586,200		21,220,302
*	China Tianrui Group Cement Co., Ltd.		7,000		7,702
	China Traditional Chinese Medicine Holdings Co., Ltd.		23,106,000		10,141,521
	China Travel International Investment Hong Kong, Ltd.		23,899,631		3,346,321
	China Unicom Hong Kong, Ltd.		1,400,000		905,425
#	China Unicom Hong Kong, Ltd., ADR		5,739,784		36,792,015
	China United Network Communications, Ltd., Class A		3,679,500		2,698,615
	China Vanke Co., Ltd., Class H		288,200		968,562
#	China Vast Industrial Urban Development Co., Ltd.		1,327,000		521,019
	China XLX Fertiliser, Ltd.		1,738,000		430,196
	China Yongda Automobiles Services Holdings, Ltd.		1,897,500		1,912,938
# *	China Yurun Food Group, Ltd.		4,336,000		336,094
#	China ZhengTong Auto Services Holdings, Ltd.		14,683,000		2,277,190
#	China Zhongwang Holdings, Ltd.		15,888,154		3,819,080
	Chongqing Machinery & Electric Co., Ltd., Class H		1,022,000		63,636
	Chongqing Rural Commercial Bank Co., Ltd., Class H		21,660,000		9,449,264
*	Chu Kong Petroleum & Natural Gas Steel Pipe Holdings, Ltd.		354,000		7,639
	Chu Kong Shipping Enterprise Group Co., Ltd.		526,000		66,117
	CIFI Holdings Group Co., Ltd.		18,714,758		14,296,902
#	CIMC Enric Holdings, Ltd.		5,248,000		2,441,030
	CITIC Dameng Holdings, Ltd.		4,333,000		119,910
	CITIC Resources Holdings, Ltd.		15,150,000		509,663
	CITIC Securities Co., Ltd., Class H		815,000		1,561,124
#	CITIC, Ltd.		38,905,483		40,407,348
*	Citychamp Watch & Jewellery Group, Ltd.		210,000		41,422
	Clear Media, Ltd.		377,000		344,910
	CNOOC, Ltd.		135,780,000		150,121,293
1	CNOOC, Ltd., Sponsored ADR		251,574		28,269,370
# *	Cogobuy Group		713,000		75,364
#	Colour Life Services Group Co., Ltd.		2,779,000		1,316,215
	Concord New Energy Group, Ltd.		41,650,000		1,692,637
	Consun Pharmaceutical Group, Ltd.		2,094,000		1,070,559
*	Coolpad Group, Ltd.		4,560,053		99,168
	COSCO SHIPPING Development Co., Ltd., Class H		7,375,000		762,441
	COSCO SHIPPING Energy Transportation Co., Ltd., Class H		11,610,000		7,600,537
# *	COSCO SHIPPING Holdings Co., Ltd., Class H		1,038,000		299,897
	COSCO SHIPPING International Hong Kong Co., Ltd.		4,000,000		1,197,111
	COSCO SHIPPING Ports, Ltd.		13,936,256		7,424,570
	Cosmo Lady China Holdings Co., Ltd.		642,000		81,776
	Country Garden Holdings Co., Ltd.		21,842,000		28,293,587
	CP Pokphand Co., Ltd.		1,398,000		120,743
#	CPMC Holdings, Ltd.		5,119,000		1,823,219
#	CRCC High-Tech Equipment Corp., Ltd., Class H		1,742,000		272,156
	CRRC Corp., Ltd., Class H		17,960,000		9,507,277
# *	CT Environmental Group, Ltd.		9,748,000		80,222
	Daqin Railway Co., Ltd., Class A		607,500		616,359
	Dawnrays Pharmaceutical Holdings, Ltd.		248,000		37,149
*	Differ Group Holding Co., Ltd.		5,778,000		362,589
	Digital China Holdings, Ltd.		1,090,000		581,659
	Dongfang Electric Corp., Ltd., Class H		2,220,000		1,187,660
	Dongfeng Motor Group Co., Ltd., Class H		16,428,000		10,896,060
	Dongyue Group, Ltd.		11,746,000		5,203,309
	E-Commodities Holdings, Ltd.		5,880,000		158,782
	Embry Holdings, Ltd.		464,000		69,588
	EVA Precision Industrial Holdings, Ltd.		3,856,000		243,865
	Everbright Securities Co., Ltd., Class H		1,371,200		846,369
*	Fang Holdings, Ltd., ADR		36,658		38,124
	Fantasia Holdings Group Co., Ltd.		17,986,015		3,469,253

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Far East Horizon, Ltd.		7,898,000	$	6,393,699
	Fosun International, Ltd.		15,011,683		18,846,665
	Fufeng Group, Ltd.		11,674,000		4,001,105
# *	GCL-Poly Energy Holdings, Ltd.		147,580,000		4,200,124
	Gemdale Properties & Investment Corp., Ltd.		30,442,000		4,850,737
	Genertec Universal Medical Group Co., Ltd.		5,727,000		3,482,583
	GF Securities Co., Ltd., Class H		10,849,400		11,772,904
*	Glorious Property Holdings, Ltd.		24,004,000		466,769
	Goldlion Holdings, Ltd.		2,282,000		568,423
	Goldpac Group, Ltd.		1,240,000		247,078
# *	GOME Retail Holdings, Ltd.		74,594,000		8,659,947
*	Grand Baoxin Auto Group, Ltd.		6,540,500		777,968
#	Great Wall Motor Co., Ltd., Class H		23,461,500		15,685,334
	Greatview Aseptic Packaging Co., Ltd.		902,000		332,412
	Greenland Hong Kong Holdings, Ltd.		8,146,575		3,035,421
	Greentown China Holdings, Ltd.		7,869,091		8,503,812
#	Guangshen Railway Co., Ltd., Sponsored ADR		282,148		2,793,265
	Guangshen Railway Co., Ltd., Class H		212,000		44,856
#	Guangzhou Automobile Group Co., Ltd., Class H		17,298,000		15,521,613
	Guangzhou R&F Properties Co., Ltd., Class H		12,141,914		15,418,848
	Guolian Securities Co., Ltd., Class H		171,500		55,159
	Guorui Properties, Ltd.		7,620,000		1,256,220
	Guotai Junan Securities Co., Ltd., Class H		2,155,000		3,067,303
	Haier Smart Home Co., Ltd., Class A		419,700		905,886
*	Hainan Meilan International Airport Co., Ltd., Class H		796,000		817,518
	Haitong Securities Co., Ltd., Class H		23,562,000		21,331,155
*	Harbin Bank Co., Ltd., Class H		1,611,000		273,477
# *	Harbin Electric Co., Ltd., Class H		6,961,474		1,926,856
# *	HC Group, Inc.		2,122,500		357,601
	Hengdeli Holdings, Ltd.		14,256,000		569,604
*	Hi Sun Technology China, Ltd.		9,024,000		1,020,498
	Hilong Holding, Ltd.		6,126,000		300,582
	HKC Holdings, Ltd.		1,316,155		1,000,806
*	Honghua Group, Ltd.		15,313,000		470,447
	Honworld Group, Ltd.		1,002,500		299,282
	Hopefluent Group Holdings, Ltd.		1,624,000		336,518
	Hopson Development Holdings, Ltd.		5,282,000		5,916,060
*	Hua Han Health Industry Holdings, Ltd.		22,700,160		1,163,923
#	Hua Hong Semiconductor, Ltd.		3,867,000		7,473,434
	Huatai Securities Co., Ltd., Class H		10,102,000		16,752,951
	Huayu Automotive Systems Co., Ltd., Class A		397,862		1,132,860
	Huazhong In-Vehicle Holdings Co., Ltd.		2,410,000		207,934
	Huishang Bank Corp., Ltd., Class H		1,421,900		508,864
	Industrial & Commercial Bank of China, Ltd., Class H		388,008,996		260,163,573
	Industrial Bank Co., Ltd., Class A		11,000		25,696
	Inner Mongolia Yitai Coal Co., Ltd., Class H		192,100		127,664
*	Jiangnan Group, Ltd.		14,145,000		550,120
	Jiangxi Copper Co., Ltd., Class H		7,602,000		7,395,691
	Jiayuan International Group, Ltd.		3,504,000		1,460,605
#	Jilin Jiutai Rural Commercial Bank Corp., Ltd., Class H		38,849		13,523
#	Jingrui Holdings, Ltd.		3,082,000		906,312
# *	JinkoSolar Holding Co., Ltd., ADR		616,714		9,756,415
	Joy City Property, Ltd.		16,176,000		1,296,953
*	JOYY, Inc., ADR		315,298		19,220,566
	Ju Teng International Holdings, Ltd.		6,058,249		1,545,509
	K Wah International Holdings, Ltd.		2,184,233		1,000,873
*	Kai Yuan Holdings, Ltd.		41,600,000		244,433
	Kaisa Group Holdings, Ltd.		21,930,632		8,391,060
*	Kangda International Environmental Co., Ltd.		4,530,000		469,666

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
CHINA — (Continued)
# *	Kasen International Holdings, Ltd.		2,592,000	$	416,594
	Kingboard Holdings, Ltd.		6,497,845		15,851,860
	Kingboard Laminates Holdings, Ltd.		8,703,500		8,423,210
	Kunlun Energy Co., Ltd.		32,420,000		21,121,476
	KWG Group Holdings, Ltd.		13,954,500		20,642,807
	Lai Fung Holdings, Ltd.		643,909		710,880
	Lee & Man Paper Manufacturing, Ltd.		11,123,000		6,833,189
#	Lee’s Pharmaceutical Holdings, Ltd.		782,000		383,368
#	Legend Holdings Corp., Class H		1,945,400		2,276,571
	Leoch International Technology, Ltd.		2,305,000		147,243
	LK Technology Holdings, Ltd.		192,500		7,872
	Longfor Group Holdings, Ltd.		7,279,000		37,006,659
	Lonking Holdings, Ltd.		20,876,000		7,073,163
#	Luye Pharma Group, Ltd.		9,570,500		4,647,211
	LVGEM China Real Estate Investment Co., Ltd.		450,000		130,040
#	Maanshan Iron & Steel Co., Ltd., Class H		5,377,775		1,744,033
	Maoye International Holdings, Ltd.		7,796,000		359,905
#	Metallurgical Corp. of China, Ltd., Class H		13,359,000		2,318,542
	Min Xin Holdings, Ltd.		708,418		251,860
*	Mingfa Group International Co., Ltd.		608,000		4,415
	Minmetals Land, Ltd.		10,991,205		1,442,408
	Minth Group, Ltd.		346,000		832,000
# *	MMG, Ltd.		13,464,000		2,330,014
	MOBI Development Co., Ltd.		1,556,000		161,626
#	Modern Land China Co., Ltd.		2,977,200		407,720
*	Nature Home Holding Co., Ltd.		1,901,000		293,464
	NetDragon Websoft Holdings, Ltd.		199,500		551,718
	New China Life Insurance Co., Ltd., Class H		1,608,400		5,572,639
*	New World Department Store China, Ltd.		3,486,000		668,829
#	Nexteer Automotive Group, Ltd.		6,015,000		3,091,304
	Nine Dragons Paper Holdings, Ltd.		16,927,000		16,194,439
#	NVC International Holdings, Ltd.		5,629,000		121,395
	Orient Securities Co., Ltd., Class H		2,949,200		1,515,151
	Overseas Chinese Town Asia Holdings, Ltd.		1,014,000		233,729
*	Ozner Water International Holding, Ltd.		349,000		11,785
# *	Panda Green Energy Group, Ltd.		4,182,000		87,152
*	Parkson Retail Group, Ltd.		6,028,000		298,743
	PAX Global Technology, Ltd.		5,812,000		2,477,808
	People’s Insurance Co. Group of China, Ltd. (The), Class H		32,141,000		10,519,131
#	PetroChina Co., Ltd., ADR		102,992		3,690,203
	PetroChina Co., Ltd., Class H		176,780,000		63,497,871
	PICC Property & Casualty Co., Ltd., Class H		45,981,000		44,001,317
	Ping An Bank Co., Ltd., Class A		142,200		277,448
	Poly Culture Group Corp., Ltd., Class H		402,000		195,913
	Poly Property Group Co., Ltd.		19,929,488		6,975,426
	Postal Savings Bank of China Co., Ltd., Class H		44,883,000		26,819,944
	Pou Sheng International Holdings, Ltd.		6,314,000		1,289,832
	Powerlong Real Estate Holdings, Ltd.		13,341,000		8,148,234
*	PW Medtech Group, Ltd.		1,439,000		226,328
	Qingdao Port International Co., Ltd., Class H		1,087,000		584,927
	Qingling Motors Co., Ltd., Class H		6,374,000		1,343,397
	Qinhuangdao Port Co., Ltd., Class H		209,000		34,729
# *	Qudian, Inc., Sponsored ADR		362,937		627,881
*	Qunxing Paper Holdings Co.		5,020,071		0
	Red Star Macalline Group Corp., Ltd., Class H		1,667,543		1,059,074
*	REXLot Holdings, Ltd.		67,831,618		34,124
	Ronshine China Holdings, Ltd.		2,398,000		2,510,196
	SAIC Motor Corp, Ltd., Class A		463,760		1,227,817
	Sany Heavy Equipment International Holdings Co., Ltd.		5,348,000		2,872,719

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Seazen Holdings Co., Ltd. , Class A		153,900	$	682,867
# *	Semiconductor Manufacturing International Corp.		19,103,698		35,856,519
	Shandong Chenming Paper Holdings, Ltd., Class H		2,725,227		1,043,691
	Shandong Xinhua Pharmaceutical Co., Ltd., Class H		568,000		300,811
	Shanghai Electric Group Co., Ltd., Class H		11,536,000		3,545,562
	Shanghai Industrial Holdings, Ltd.		3,937,918		6,699,495
	Shanghai Industrial Urban Development Group, Ltd.		21,078,918		2,077,736
	Shanghai Jin Jiang Capital Co., Ltd., Class H		15,992,000		2,842,818
	Shanghai Pharmaceuticals Holding Co., Ltd., Class H		6,558,000		11,543,420
	Shanghai Prime Machinery Co., Ltd., Class H		5,262,000		416,997
	Shanghai Pudong Development Bank Co., Ltd., Class A		338,900		507,386
	Shengjing Bank Co., Ltd., Class H		481,000		439,590
	Shenguan Holdings Group, Ltd.		3,610,000		151,066
	Shenwan Hongyuan Group Co., Ltd.		3,548,800		856,898
	Shenzhen International Holdings, Ltd.		5,310,000		10,262,682
	Shenzhen Investment, Ltd.		26,974,414		8,855,377
	Shimao Property Holdings, Ltd.		11,632,035		47,282,753
	Shougang Fushan Resources Group, Ltd.		21,076,594		4,203,770
	Shui On Land, Ltd.		31,958,303		5,661,849
	Sihuan Pharmaceutical Holdings Group, Ltd.		12,926,000		1,282,606
# *	Silver Grant International Holdings Group, Ltd.		6,324,804		868,727
*	SINA Corp.		252,489		8,526,554
	Sinofert Holdings, Ltd.		13,934,000		1,286,409
# *	Sinolink Worldwide Holdings, Ltd.		9,156,508		378,070
	Sino-Ocean Group Holding, Ltd.		26,236,602		6,833,192
	Sinopec Engineering Group Co., Ltd., Class H		10,921,500		5,236,309
	Sinopec Kantons Holdings, Ltd.		8,960,000		3,960,260
	Sinopec Shanghai Petrochemical Co., Ltd., Sponsored ADR		13,728		365,028
	Sinopec Shanghai Petrochemical Co., Ltd., Class H		18,028,000		4,894,626
	Sinopharm Group Co., Ltd., Class H		5,570,400		15,019,800
	Sinosoft Technology Group, Ltd.		375,000		49,076
#	Sinotrans, Ltd., Class H		21,760,000		5,278,385
	Sinotruk Hong Kong, Ltd.		6,565,335		13,311,489
	Skyworth Group, Ltd.		18,993,083		4,362,747
	SOHO China, Ltd.		19,201,388		9,200,822
*	SPT Energy Group, Inc.		5,248,000		221,953
*	SRE Group, Ltd.		21,316,285		76,689
	Sun King Power Electronics Group		374,000		53,457
# *	Sunshine 100 China Holdings, Ltd.		249,000		44,382
*	Tarena International, Inc., ADR		39,337		200,619
*	Taung Gold International, Ltd.		5,980,000		23,322
	TCL Electronics Holdings, Ltd.		6,562,666		2,679,251
# *	Tenwow International Holdings, Ltd.		2,993,000		27,527
#	Texhong Textile Group, Ltd.		1,897,000		1,364,565
# *	Textainer Group Holdings, Ltd.		230,376		2,059,645
	Tian An China Investment Co., Ltd.		4,076,000		1,629,506
*	Tian Ge Interactive Holdings, Ltd.		1,433,000		241,452
	Tiangong International Co., Ltd.		4,350,000		1,384,449
	Tianjin Port Development Holdings, Ltd.		16,671,657		1,114,510
#	Tianneng Power International, Ltd.		7,140,000		6,988,252
	Time Watch Investments, Ltd.		92,000		11,076
	Tomson Group, Ltd.		3,468,526		801,410
#	Tongda Group Holdings, Ltd.		49,100,000		3,156,517
#	Top Spring International Holdings, Ltd.		146,000		22,070
	Trigiant Group, Ltd.		3,992,000		677,068
*	Trip.com Group Ltd., ADR		2,378,359		61,266,528
*	Trony Solar Holdings Co., Ltd.		8,775,000		0
*	V1 Group, Ltd.		6,098,000		108,887
	Wasion Holdings, Ltd.		4,626,000		1,584,439

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
CHINA — (Continued)
	Weiqiao Textile Co., Class H		3,592,500	$	748,365
	West China Cement, Ltd.		37,784,000		6,734,193
	Xiamen International Port Co., Ltd., Class H		7,708,000		687,061
	Xingda International Holdings, Ltd.		7,987,802		1,901,408
	Xingfa Aluminium Holdings, Ltd.		435,000		385,631
	Xinhua Winshare Publishing and Media Co., Ltd., Class H		1,246,000		857,618
	Xinjiang Goldwind Science & Technology Co., Ltd., Class H		1,637,000		1,605,076
	Xinyuan Real Estate Co., Ltd., ADR		250,021		650,055
	Xtep International Holdings, Ltd.		6,855,500		2,633,301
*	Yanchang Petroleum International, Ltd.		12,800,000		64,838
	Yanzhou Coal Mining Co., Ltd., Class H		19,084,000		14,499,254
	Yip’s Chemical Holdings, Ltd.		842,000		254,869
# *	Yiren Digital, Ltd., ADR		100,705		397,785
*	Youyuan International Holdings, Ltd.		4,485,251		56,409
*	YuanShengTai Dairy Farm, Ltd.		363,000		15,039
	Yuexiu Property Co., Ltd.		66,198,786		12,586,343
	Yuzhou Properties Co., Ltd.		21,175,308		9,021,408
	Zhejiang Chint Electrics Co., Ltd., Class A		78,000		272,998
#	Zhejiang Glass Co., Ltd.		437,000		0
	Zhengzhou Coal Mining Machinery Group Co., Ltd., Class H		1,429,600		580,991
*	Zhong An Group, Ltd.		13,233,600		406,420
	Zhuhai Holdings Investment Group, Ltd.		2,012,000		311,232
	Zoomlion Heavy Industry Science and Technology Co., Ltd., Class H		8,941,600		7,238,995
TOTAL CHINA					3,973,557,295
COLOMBIA — (0.1%)
	Banco de Bogota SA		2,143		34,643
	Cementos Argos SA		94,431		92,904
*	Corp. Financiera Colombiana SA		30,986		201,929
	Grupo Argos SA		1,529,091		3,561,056
	Grupo de Inversiones Suramericana SA		1,629,311		8,856,472
	Grupo Nutresa SA		185,253		1,032,251
	Mineros SA		128,115		99,347
TOTAL COLOMBIA					13,878,602
CZECH REPUBLIC — (0.2%)
	CEZ A.S		1,460,186		27,147,010
GREECE — (0.1%)
*	Alpha Bank AE		4,434,035		3,237,843
	AUTOHELLAS SA		15,080		77,332
	Bank of Greece		32,956		473,889
*	Ellaktor SA		1,131,694		1,106,034
*	Eurobank Ergasias Services and Holdings SA, Class A		4,214,090		1,702,198
*	GEK Terna Holding Real Estate Construction SA		15,606		99,627
	Hellenic Petroleum SA		66,751		443,330
*	Intracom Holdings SA		449,929		244,887
*	Marfin Investment Group Holdings SA		307,686		22,457
	Mytilineos SA		221,068		1,648,486
*	National Bank of Greece SA		3,844,663		5,213,649
*	Piraeus Bank SA		1,454,308		1,941,095
TOTAL GREECE					16,210,827
HONG KONG — (0.0%)
	Anxin-China Holdings, Ltd.		6,152,000		0
	Fiber Optic Center, Inc.		3,598,000		24,366
	Karce International Holdings Open		640,000		0
	Real Gold Mining, Ltd.		3,137,500		106,438

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
	Shougang Concord International Enterprises Co., Ltd.		10,423,683	$	1,977,448
TOTAL HONG KONG					2,108,252
HUNGARY — (0.3%)
	MOL Hungarian Oil & Gas P.L.C		3,924,008		24,842,168
	Richter Gedeon Nyrt		396,807		8,479,266
TOTAL HUNGARY					33,321,434
INDIA — (12.3%)
*	5Paisa Capital, Ltd.		33,569		69,475
	Aarti Drugs, Ltd.		13,657		128,597
	ACC, Ltd.		431,661		6,663,692
	Adani Enterprises, Ltd.		1,494,589		2,757,209
	Adani Gas, Ltd.		1,752,902		2,416,239
*	Adani Green Energy, Ltd.		1,671,941		4,651,631
	Adani Ports & Special Economic Zone, Ltd.		66,956		257,568
*	Adani Power, Ltd.		2,362,845		982,656
*	Adani Transmissions, Ltd.		698,916		1,899,430
*	Aditya Birla Capital, Ltd.		2,879,031		1,900,743
	Advanced Enzyme Technologies, Ltd.		26,799		51,611
	Alembic, Ltd.		483,755		324,150
	Allcargo Logistics, Ltd.		556,101		549,863
	Amara Raja Batteries, Ltd.		4,029		30,409
	Ambuja Cements, Ltd.		5,108,578		11,592,607
*	Amtek Auto, Ltd.		941,223		6,462
	Anant Raj, Ltd.		733,265		163,800
*	Anup Engineering, Ltd.		39,212		164,491
	Apar Industries, Ltd.		130,419		536,502
	Apollo Tyres, Ltd.		3,205,400		4,073,598
*	Arvind Fashions, Ltd.		354,113		652,616
	Arvind, Ltd.		1,094,483		349,310
	Ashiana Housing, Ltd.		51,567		29,052
	Ashok Leyland, Ltd.		5,216,139		3,581,629
*	Ashoka Buildcon, Ltd.		261,846		220,250
	Astra Microwave Products, Ltd.		89,903		76,892
	Aurobindo Pharma, Ltd.		2,186,921		17,885,461
	Axis Bank, Ltd.		9,870,296		57,556,568
*	Bajaj Hindusthan Sugar, Ltd.		1,004,052		74,040
	Bajaj Holdings & Investment, Ltd.		378,528		10,213,914
	Balmer Lawrie & Co., Ltd.		841,069		1,117,448
	Balrampur Chini Mills, Ltd.		2,142,719		2,817,128
	Banco Products India, Ltd.		114,394		105,189
*	Bank of Baroda		4,804,501		3,119,659
*	Bank of Maharashtra		578,945		73,631
	BEML, Ltd.		131,933		1,019,940
	Bharat Dyanamics, Ltd.		2,665		7,622
	Bharat Electronics, Ltd.		6,481,317		6,201,681
	Bharat Forge, Ltd.		9,291		37,739
	Bharat Heavy Electricals, Ltd.		5,700,069		1,700,983
*	Bharti Airtel, Ltd.		23,172,024		157,880,995
	Birla Corp., Ltd.		210,503		1,143,208
*	Birlasoft, Ltd.		1,946,753		1,858,590
	Bodal Chemicals, Ltd.		183,430		126,750
	Borosil Renewables, Ltd.		12,105		5,969
	Brigade Enterprises, Ltd.		460,786		722,389
	BSE, Ltd.		119,329		616,331
	Cadila Healthcare, Ltd.		399,189		1,713,325
	Can Fin Homes, Ltd.		364,955		1,547,660

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
INDIA — (Continued)
*	Canara Bank		1,449,186	$	1,674,838
	Capacit’e Infraprojects, Ltd.		41,710		48,030
	Ceat, Ltd.		247,555		2,627,273
	Century Textiles & Industries, Ltd.		12,794		49,231
*	CG Power and Industrial Solutions, Ltd.		4,564,410		481,840
	Chambal Fertilizers & Chemicals, Ltd.		1,446,546		2,479,209
	Chennai Super Kings Cricket, Ltd.		5,080,767		28,545
*	Cholamandalam Financial Holdings, Ltd.		420,899		1,648,430
	Cipla, Ltd.		896,605		6,982,668
	City Union Bank, Ltd.		1,451,921		2,748,635
	Cochin Shipyard, Ltd.		26,896		88,644
*	Coffee Day Enterprises, Ltd.		161,329		40,737
	Container Corp. Of India, Ltd.		357,502		1,773,179
	Cyient, Ltd.		124,698		378,936
*	Dalmia Bharat, Ltd.		284,948		1,971,932
	DB Corp., Ltd.		142,709		141,432
	DCB Bank, Ltd.		2,240,827		2,373,804
	DCM Shriram, Ltd.		467,612		1,695,460
	Deepak Fertilisers & Petrochemicals Corp., Ltd.		346,347		474,209
	Delta Corp., Ltd.		51,743		46,888
	Dhampur Sugar Mills, Ltd.		298,688		396,007
	Dilip Buildcon, Ltd.		108,385		368,258
*	Dish TV India, Ltd.		2,132,040		135,539
	Dishman Carbogen Amcis, Ltd.		774,411		861,715
	DLF, Ltd.		4,124,750		7,901,395
	Dr Reddy’s Laboratories, Ltd., ADR		218,303		11,174,931
	Dr Reddy’s Laboratories, Ltd.		496,386		25,676,859
	eClerx Services, Ltd.		13,413		82,385
	Edelweiss Financial Services, Ltd.		1,424,853		742,796
	EID Parry India, Ltd.		820,128		1,580,913
	EIH, Ltd.		422,487		421,278
	Engineers India, Ltd.		174,931		155,931
	Escorts, Ltd.		522,191		4,888,337
	Essel Propack, Ltd.		248,087		585,529
*	Excel Industries, Ltd.		1,169		10,162
	Exide Industries, Ltd.		280,804		585,954
	FDC, Ltd.		70,089		225,512
	Federal Bank, Ltd.		15,561,849		10,003,812
	Finolex Cables, Ltd.		517,726		1,749,847
	Finolex Industries, Ltd.		148,359		791,357
	Firstsource Solutions, Ltd.		2,233,864		1,039,110
*	Fortis Healthcare, Ltd.		2,176,214		3,639,299
*	Future Enterprises, Ltd.		1,670,681		280,995
	GAIL India, Ltd.		15,973,772		20,032,631
	Gateway Distriparks, Ltd.		389,211		472,287
	Gati, Ltd.		479,880		244,333
	General Insurance Corp. of India		111,280		204,553
*	GFL, Ltd.		292,627		330,549
	GHCL, Ltd.		412,199		573,120
	GIC Housing Finance, Ltd.		177,217		170,268
	Glenmark Pharmaceuticals, Ltd.		1,201,637		5,318,524
	Godfrey Phillips India, Ltd.		85,898		1,143,114
	Granules India, Ltd.		2,028,060		4,308,146
	Graphite India, Ltd.		20,799		57,362
	Grasim Industries, Ltd.		2,021,115		13,496,063
	Great Eastern Shipping Co., Ltd. (The)		686,106		2,135,996
*	Greaves Cotton, Ltd.		355,301		374,374
*	Greenpanel Industries, Ltd.		15,060		5,479
	Gujarat Alkalies & Chemicals, Ltd.		225,899		1,081,697

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
INDIA — (Continued)
	Gujarat Ambuja Exports, Ltd.		140,066	$	225,628
*	Gujarat Fluorochemicals, Ltd.		386,472		1,594,223
	Gujarat Mineral Development Corp., Ltd.		886,687		460,584
	Gujarat Narmada Valley Fertilizers & Chemicals, Ltd.		490,235		909,537
	Gujarat Pipavav Port, Ltd.		388,699		293,995
	Gujarat State Fertilizers & Chemicals, Ltd.		1,524,700		887,827
	Gujarat State Petronet, Ltd.		1,748,720		4,827,698
	HBL Power Systems, Ltd.		233,016		40,054
	HEG, Ltd.		12,117		127,985
	HeidelbergCement India, Ltd.		345,204		713,084
	Heritage Foods, Ltd.		2,017		7,335
	HFCL, Ltd.		6,581,209		953,340
	Hikal, Ltd.		308,027		454,242
	HIL, Ltd.		18,294		191,489
	Himadri Speciality Chemical, Ltd.		203,546		133,445
	Himatsingka Seide, Ltd.		356,004		256,110
	Hindalco Industries, Ltd.		12,678,607		21,471,752
	Hinduja Global Solutions, Ltd.		75,176		577,290
	Hopewell Tableware, Ltd.		12,105		22,535
*	Housing Development & Infrastructure, Ltd.		547,935		13,388
	ICICI Bank, Ltd., Sponsored ADR		5,868,831		57,279,789
	ICICI Bank, Ltd.		201,006		1,001,915
*	IDFC First Bank, Ltd.		12,712,483		3,650,448
	IDFC, Ltd.		8,664,604		1,666,647
*	IFCI, Ltd.		6,236,220		338,201
	IIFL Finance, Ltd.		2,447,102		2,480,219
	IIFL Securities, Ltd.		2,626,942		1,186,683
	IIFL Wealth Management, Ltd.		369,631		4,614,608
	India Cements, Ltd. (The)		2,085,811		2,852,161
	India Glycols, Ltd.		112,323		412,752
	Indiabulls Housing Finance, Ltd.		3,198,053		5,602,429
*	Indiabulls Integrated Services, Ltd.		12,975		7,451
*	Indiabulls Real Estate, Ltd.		2,821,183		2,165,571
	Indiabulls Ventures, Ltd.		23,401		32,807
*	Indian Bank		800,240		548,840
	Indian Hotels Co., Ltd. (The)		1,747,127		1,850,175
	Indian Hume Pipe Co., Ltd.		2,945		6,286
	Indo Count Industries, Ltd.		394,566		153,863
	Indoco Remedies, Ltd.		38,348		119,209
	INEOS Styrolution India, Ltd.		24,506		188,309
	Infibeam Avenues, Ltd.		3,121,697		1,842,676
	Ingersoll-Rand India, Ltd.		41,414		345,443
	Insecticides India, Ltd.		13,709		74,532
*	Intellect Design Arena, Ltd.		355,025		333,298
	IRCON International, Ltd.		11,290		12,763
	ITD Cementation India, Ltd.		187,582		93,829
	J Kumar Infraprojects, Ltd.		195,784		206,411
	Jagran Prakashan, Ltd.		489,592		269,575
	Jai Corp., Ltd.		458,345		424,525
*	Jaiprakash Associates, Ltd.		5,097,576		111,529
*	Jammu & Kashmir Bank, Ltd. (The)		2,028,154		398,369
	JB Chemicals & Pharmaceuticals, Ltd.		365,551		2,708,594
*	Jindal Photo Imaging, Ltd.		33,247		27,848
	Jindal Poly Films, Ltd.		116,128		380,586
	Jindal Saw, Ltd.		1,432,367		1,050,901
*	Jindal Stainless Hisar, Ltd.		10,311		6,025
*	Jindal Stainless, Ltd.		258,426		106,366
*	Jindal Steel & Power, Ltd.		4,378,403		5,365,311
	JK Cement, Ltd.		204,339		3,035,564

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
INDIA — (Continued)
	JK Lakshmi Cement, Ltd.		370,638	$	978,411
	JK Paper, Ltd.		810,791		1,055,664
	JK Tyre & Industries, Ltd.		719,405		494,247
	JM Financial, Ltd.		2,953,915		2,532,147
	JMC Projects India, Ltd.		119,647		64,597
	JSW Energy, Ltd.		4,277,015		2,515,206
	JSW Steel, Ltd.		10,057,639		23,932,000
	Jubilant Life Sciences, Ltd.		1,000,613		5,309,188
	Jyothy Labs, Ltd.		26,964		41,403
	Kalpataru Power Transmission, Ltd.		662,133		2,031,640
	Kalyani Steels, Ltd.		76,266		154,691
	Karnataka Bank, Ltd. (The)		1,862,098		1,079,608
	Karur Vysya Bank, Ltd. (The)		2,954,405		1,150,446
	Kaveri Seed Co., Ltd.		83,828		414,836
	KCP, Ltd. (The)		200,110		112,672
	KEC International, Ltd.		18,601		48,138
	Kiri Industries, Ltd.		131,062		508,011
	Kirloskar Brothers, Ltd.		64,949		90,161
	Kirloskar Oil Engines, Ltd.		298,653		442,437
	KNR Constructions, Ltd.		203,640		563,764
	Kolte-Patil Developers, Ltd.		135,766		301,076
*	KPIT Technologies, Ltd.		2,056,795		1,532,684
	KPR Mill, Ltd.		40,882		250,530
	KRBL, Ltd.		120,245		306,659
	L&T Finance Holdings, Ltd.		5,715,804		4,937,101
	Lakshmi Machine Works, Ltd.		1,294		41,584
*	Lakshmi Vilas Bank, Ltd. (The)		374,225		73,330
	Larsen & Toubro, Ltd.		2,495,843		29,609,251
	Laurus Labs, Ltd.		49,400		334,245
	LG Balakrishnan & Bros, Ltd.		14,177		36,401
	LIC Housing Finance, Ltd.		3,301,993		12,351,763
	Linde India, Ltd.		55,381		393,746
	LT Foods, Ltd.		849,332		245,327
	Lupin, Ltd.		2,488,895		27,397,543
	Magma Fincorp, Ltd.		497,745		121,996
	Maharashtra Scooters, Ltd.		8,085		240,673
	Maharashtra Seamless, Ltd.		168,805		497,045
	Mahindra & Mahindra Financial Services, Ltd.		2,248,372		4,910,450
	Mahindra & Mahindra, Ltd.		6,911,956		33,428,808
*	Mahindra CIE Automotive, Ltd.		216,128		270,662
	Mahindra Lifespace Developers, Ltd.		188,633		466,562
	Maithan Alloys, Ltd.		1,776		9,243
	Majesco, Ltd.		26,238		93,848
	Manappuram Finance, Ltd.		3,901,966		6,879,900
	Mangalam Cement, Ltd.		7,882		16,160
	Marksans Pharma, Ltd.		1,741,434		462,091
	Mastek, Ltd.		87,360		294,926
*	Max India, Ltd.		489,573		397,013
	Meghmani Organics, Ltd.		1,076,781		713,396
	MOIL, Ltd.		478,127		818,003
	Motherson Sumi Systems, Ltd.		166,081		193,450
	Mphasis, Ltd.		499,677		4,944,638
	MPS, Ltd.		1,591		5,874
	MRF, Ltd.		11,043		8,797,722
	Muthoot Finance, Ltd.		933,431		10,756,553
	Natco Pharma, Ltd.		48,703		392,660
	National Aluminium Co., Ltd.		5,721,126		2,394,323
	Nava Bharat Ventures, Ltd.		683,873		342,963
	Navin Fluorine International, Ltd.		7,034		145,291

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
INDIA — (Continued)
	NCC, Ltd.		5,489,994	$	1,874,904
	Neuland Laboratories, Ltd.		2,923		17,170
	NIIT, Ltd.		590,477		660,197
	Nilkamal, Ltd.		54,708		771,481
	NMDC, Ltd.		179,947		190,911
	NOCIL, Ltd.		561,632		645,869
	Nucleus Software Exports, Ltd.		18,815		55,976
	Oberoi Realty, Ltd.		665,396		2,992,311
	Omaxe, Ltd.		399,851		818,143
	Orient Cement, Ltd.		677,726		365,156
	Parag Milk Foods, Ltd.		137,951		166,058
*	PC Jeweller, Ltd.		1,665,163		264,123
	Persistent Systems, Ltd.		349,620		2,195,511
	Petronet LNG, Ltd.		4,417,493		14,190,521
	Phillips Carbon Black, Ltd.		567,401		597,280
	Piramal Enterprises, Ltd.		838,139		10,700,056
	PNB Housing Finance, Ltd.		186,149		487,130
	PNC Infratech, Ltd.		321,227		529,635
	Polyplex Corp., Ltd.		101,191		587,764
	Power Finance Corp., Ltd.		7,927,065		10,018,787
	Power Mech Projects, Ltd.		22,886		114,910
*	Prabhat Dairy, Ltd.		20,225		17,965
	Praj Industries, Ltd.		92,329		74,997
	Prakash Industries, Ltd.		617,926		260,864
	Prestige Estates Projects, Ltd.		647,281		1,477,558
*	Procter & Gamble Health, Ltd.		43,481		2,472,917
	PTC India Financial Services, Ltd.		2,402,212		303,662
	PTC India, Ltd.		2,164,859		1,144,082
*	Punjab National Bank		7,552,412		3,228,507
*	Quess Corp., Ltd.		37,802		105,115
	Quick Heal Technologies, Ltd.		60,811		94,859
	Rain Industries Ltd.		972,991		908,672
	Rajesh Exports, Ltd.		651,590		5,350,735
	Rallis India, Ltd.		459,722		1,294,497
	Ramco Industries, Ltd.		121,800		211,102
	Ramkrishna Forgings, Ltd.		23,959		59,212
	Rashtriya Chemicals & Fertilizers, Ltd.		1,460,777		757,020
	Ratnamani Metals & Tubes, Ltd.		3,836		46,557
	Raymond, Ltd.		373,351		1,189,853
	RBL Bank, Ltd.		322,994		556,061
	REC, Ltd.		8,572,321		10,810,814
	Redington India, Ltd.		2,544,171		2,514,537
	Reliance Industries, Ltd., GDR		16,375		621,375
	Reliance Industries, Ltd.		29,368,007		570,223,509
*	Reliance Power, Ltd.		6,756,689		205,590
	Repco Home Finance, Ltd.		378,314		632,968
	Sadbhav Engineering, Ltd.		65,085		40,136
*	Sanghi Industries, Ltd.		55,354		13,814
	Sasken Technologies, Ltd.		11,679		63,171
*	Satin Creditcare Network, Ltd.		3,903		3,148
	Sequent Scientific, Ltd.		521,810		522,042
	Seshasayee Paper & Boards, Ltd.		59,795		104,978
	Sharda Cropchem, Ltd.		28,099		54,797
	Shilpa Medicare, Ltd.		4,373		20,930
*	Shipping Corp. of India, Ltd.		1,241,522		720,372
	Shriram City Union Finance, Ltd.		27,860		270,334
	Shriram Transport Finance Co., Ltd.		1,393,839		14,462,268
	SML ISUZU, Ltd.		13,893		71,379
	Sobha, Ltd.		588,110		1,566,229

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
INDIA — (Continued)
	Somany Ceramics, Ltd.		18,040	$	25,984
*	Somany Home Innovation, Ltd.		460,561		451,761
	South Indian Bank, Ltd. (The)		9,284,141		724,605
	Srei Infrastructure Finance, Ltd.		629,088		32,448
	SRF, Ltd.		138,027		6,764,637
	Srikalahasthi Pipes, Ltd.		69,809		137,019
	Star Cement, Ltd.		103,512		107,337
*	State Bank of India		7,898,406		19,735,071
	Steel Authority of India, Ltd.		5,836,334		2,432,278
	Strides Pharma Science, Ltd.		572,425		3,274,685
	Sun Pharmaceutical Industries, Ltd.		4,354,569		26,646,877
	Sun TV Network, Ltd.		89,286		453,987
	Sunteck Realty, Ltd.		290,750		762,850
	Surya Roshni, Ltd.		117,606		140,757
	TAKE Solutions, Ltd.		583,259		449,867
	Tata Chemicals, Ltd.		761,327		2,846,311
	Tata Consumer Products, Ltd.		3,539,027		16,449,807
	Tata Metaliks, Ltd.		1,879		11,818
*	Tata Motors, Ltd.		19,168,445		23,334,764
	Tata Steel, Ltd.		3,972,349		15,387,284
	Tech Mahindra, Ltd.		512,811		3,686,153
*	Techno Electric & Engineering Co., Ltd.		51,972		146,581
	Tejas Networks, Ltd.		116,831		57,798
*	Teledata Marine Solutions, Ltd.		267,258		0
	Texmaco Rail & Engineering, Ltd.		492,982		167,057
	Thirumalai Chemicals, Ltd.		138,434		82,979
	Thomas Cook India, Ltd.		95,989		34,192
	Tide Water Oil Co India, Ltd.		2,390		114,212
	Time Technoplast, Ltd.		861,579		391,066
	Tinplate Co. of India, Ltd. (The)		306,109		348,848
	Tourism Finance Corp. of India, Ltd.		31,946		14,183
	Transport Corp. of India, Ltd.		158,123		356,869
	Trident, Ltd.		8,544,349		550,539
	Triveni Engineering & Industries, Ltd.		585,582		290,095
	Tube Investments of India, Ltd.		391,526		1,935,318
	TV Today Network, Ltd.		29,230		75,858
*	TV18 Broadcast, Ltd.		4,881,298		1,259,848
	TVS Srichakra, Ltd.		1,968		27,199
*	UCO Bank		1,814,473		307,778
	Uflex, Ltd.		305,760		743,636
	Unichem Laboratories, Ltd.		253,069		499,924
*	Union Bank of India		1,643,857		591,322
*	Usha Martin, Ltd.		368,127		75,937
*	VA Tech Wabag, Ltd.		189,665		324,144
	Vardhman Textiles, Ltd.		201,907		1,730,005
	Vedanta, Ltd.		18,421,626		21,293,415
#	Vedanta, Ltd., ADR		739,621		3,343,089
	Venky’s India, Ltd.		538		7,799
	Vindhya Telelinks, Ltd.		23,536		193,559
*	Vodafone Idea, Ltd.		69,135,814		3,829,282
	Welspun Corp., Ltd.		996,860		839,227
	Welspun Enterprises, Ltd.		683,531		473,379
	Welspun India, Ltd.		1,919,926		667,718
	West Coast Paper Mills, Ltd.		202,821		380,178
	Wipro, Ltd.		9,688,471		24,623,319
*	Wockhardt, Ltd.		369,382		1,249,337
	Yes Bank, Ltd.		19,922,354		7,388,475
	Zee Entertainment Enterprises, Ltd.		158,265		332,220

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
INDIA — (Continued)
	Zensar Technologies, Ltd.		753,948	$	842,417
TOTAL INDIA					1,668,881,466
INDONESIA — (1.8%)
	Adaro Energy Tbk PT		159,238,300		9,758,228
	Adhi Karya Persero Tbk PT		19,257,200		707,339
*	Adi Sarana Armada Tbk PT		717,700		17,906
*	Agung Podomoro Land Tbk PT		29,697,900		207,343
	AKR Corporindo Tbk PT		563,800		90,357
*	Alam Sutera Realty Tbk PT		150,252,300		1,181,417
	Aneka Tambang Tbk		63,564,277		2,172,135
	Asahimas Flat Glass Tbk PT		3,673,600		715,461
	Astra Agro Lestari Tbk PT		4,570,267		1,860,602
	Astra International Tbk PT		13,165,400		3,367,266
*	Astrindo Nusantara Infrastructure Tbk PT		97,379,100		327,325
*	Bakrie Telecom Tbk PT		160,430,200		101,111
*	Bank Bukopin Tbk.		49,146,933		391,999
	Bank Danamon Indonesia Tbk PT		25,058,254		4,162,763
	Bank Mandiri Persero Tbk PT		140,795,562		41,853,054
	Bank Negara Indonesia Persero Tbk PT		58,233,041		15,891,532
*	Bank Pan Indonesia Tbk PT		91,864,201		4,604,613
	Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		28,021,700		1,508,371
	Bank Pembangunan Daerah Jawa Timur Tbk PT		35,095,800		1,320,535
*	Bank Permata Tbk PT		23,162,000		1,913,999
	Bank Tabungan Negara Persero Tbk PT		31,944,827		1,881,280
*	Barito Pacific Tbk PT		123,959,400		12,002,696
	Bekasi Fajar Industrial Estate Tbk PT		40,096,300		307,934
	BISI International Tbk PT		13,874,700		846,464
	Blue Bird Tbk PT		241,300		15,729
*	Buana Lintas Lautan Tbk PT		29,766,000		354,306
	Bukit Asam Tbk PT		22,735,900		2,846,190
*	Bumi Serpong Damai Tbk PT		62,852,100		2,956,957
	Ciputra Development Tbk PT		120,367,678		4,339,120
*	City Retail Developments Tbk PT		1,000,000		9,929
	Davomas Abadi Tbk PT		54,906,800		0
*	Delta Dunia Makmur Tbk PT		46,787,500		421,934
*	Eagle High Plantations Tbk PT		73,418,400		391,985
	Elnusa Tbk PT		36,504,200		477,461
	Erajaya Swasembada Tbk PT		15,429,800		1,290,728
*	Gajah Tunggal Tbk PT		23,257,400		524,710
*	Garuda Indonesia Persero Tbk PT		39,974,481		503,177
*	Global Mediacom Tbk PT		76,099,000		1,057,823
*	Hanson International Tbk PT		37,319,300		125,443
	Harum Energy Tbk PT		5,694,600		479,210
	Hexindo Adiperkasa Tbk PT		646,644		112,665
	Indah Kiat Pulp & Paper Corp. Tbk PT		32,094,000		11,846,931
	Indika Energy Tbk PT		17,878,100		943,539
	Indo Tambangraya Megah Tbk PT		4,320,500		2,082,768
	Indofood Sukses Makmur Tbk PT		50,994,500		22,249,588
	Indomobil Sukses Internasional Tbk PT		977,200		28,653
	Indo-Rama Synthetics Tbk PT		180,100		25,273
	Intiland Development Tbk PT		77,874,200		1,162,305
	Japfa Comfeed Indonesia Tbk PT		39,345,050		2,560,826
	Jaya Real Property Tbk PT		88,929,600		2,411,344
*	Kawasan Industri Jababeka Tbk PT		241,108,556		2,120,162
	KMI Wire & Cable Tbk PT		17,602,400		470,681
*	Krakatau Steel Persero Tbk PT		5,127,500		59,115
*	Lippo Cikarang Tbk PT		17,077,810		795,551
*	Lippo Karawaci Tbk PT		495,154,662		5,333,614

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
INDONESIA — (Continued)
	Malindo Feedmill Tbk PT		11,643,300	$	441,583
*	Medco Energi Internasional Tbk PT		60,112,466		1,810,221
	Media Nusantara Citra Tbk PT		49,506,200		3,019,097
	Metrodata Electronics Tbk PT		7,850,850		640,435
*	MNC Investama Tbk PT		273,745,600		918,363
*	Modernland Realty Tbk PT		89,134,400		470,056
*	Multipolar Tbk PT		11,055,200		36,982
	Pabrik Kertas Tjiwi Kimia Tbk PT		3,315,100		1,102,826
	Pan Brothers Tbk PT		38,494,550		374,212
*	Panin Financial Tbk PT		134,688,300		1,637,497
*	Paninvest Tbk PT		20,293,400		1,005,519
	Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		30,198,084		1,429,214
	PP Persero Tbk PT		32,632,700		1,451,402
	PP Properti Tbk PT		24,269,200		81,377
	Ramayana Lestari Sentosa Tbk PT		18,763,600		722,309
*	Salim Ivomas Pratama Tbk PT		31,844,900		454,554
*	Sampoerna Agro Tbk PT		11,192,141		1,873,064
	Selamat Sempurna Tbk PT		2,625,400		218,652
	Semen Indonesia Persero Tbk PT		18,282,100		9,704,388
*	Sentul City Tbk PT		185,303,900		621,099
*	Siloam International Hospitals Tbk PT		1,781,100		624,820
	Sinar Mas Agro Resources & Technology Tbk PT		7,450,300		1,465,032
	Sri Rejeki Isman Tbk PT		131,007,600		1,413,111
	Summarecon Agung Tbk PT		5,342,900		158,067
*	Surya Esa Perkasa Tbk PT		13,264,400		132,791
	Surya Semesta Internusa Tbk PT		46,704,200		953,004
*	Suryainti Permata Tbk PT		17,378,000		0
	Tempo Scan Pacific Tbk PT		917,400		75,772
*	Tiga Pilar Sejahtera Food Tbk		41,727,122		88,363
	Timah Tbk PT		28,539,960		886,373
	Tiphone Mobile Indonesia Tbk PT		6,628,800		53,660
*	Trada Alam Minera Tbk PT		188,544,700		633,764
	Trias Sentosa Tbk PT		336,500		8,338
*	Truba Alam Manuggal Engineering PT		129,244,500		0
	Tunas Baru Lampung Tbk PT		27,250,700		968,415
	Tunas Ridean Tbk PT		33,745,000		2,775,095
	Ultrajaya Milk Industry & Trading Co. Tbk PT		8,918,800		826,701
	Unggul Indah Cahaya Tbk PT		288,335		60,438
	United Tractors Tbk PT		17,800,700		19,414,787
*	Vale Indonesia Tbk PT		16,337,500		2,795,718
	Waskita Beton Precast Tbk PT		101,825,400		1,002,424
	Waskita Karya Persero Tbk PT		39,682,200		1,603,576
	Wijaya Karya Bangunan Gedung Tbk PT		6,598,700		72,385
	Wijaya Karya Beton Tbk PT		32,986,300		520,898
	Wijaya Karya Persero Tbk PT		33,674,800		2,129,538
*	XL Axiata Tbk PT		38,668,100		6,552,865
TOTAL INDONESIA					248,418,232
MALAYSIA — (2.3%)
	Aeon Co. M Bhd		2,308,900		603,623
*	AFFIN Bank Bhd		9,669,218		3,411,239
#	AirAsia Group Bhd		17,029,500		3,199,399
*	AirAsia X Bhd		249,200		6,295
	Alliance Bank Malaysia Bhd		11,291,700		5,102,732
	Allianz Malaysia Bhd		84,800		275,842
	AMMB Holdings Bhd		18,008,862		12,439,048
	Ann Joo Resources Bhd		932,600		153,524
	APM Automotive Holdings Bhd		341,800		134,458
	Batu Kawan Bhd		1,849,250		5,494,583

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
MALAYSIA — (Continued)
*	Berjaya Assets Bhd		604,700	$	39,377
*	Berjaya Corp. Bhd		32,706,678		1,477,969
# *	Berjaya Land Bhd		9,490,900		418,237
	BIMB Holdings Bhd		1,122,607		824,751
*	Boustead Holdings Bhd		8,193,791		864,986
#	Boustead Plantations Bhd		3,159,100		207,827
# *	Bumi Armada Bhd		26,486,000		1,013,896
	Cahya Mata Sarawak Bhd		1,105,000		352,529
	Can-One Bhd		297,600		174,073
#	CB Industrial Product Holding Bhd		1,536,600		289,003
	Chin Teck Plantations BHD		305,100		396,654
	CIMB Group Holdings Bhd		48,564,482		38,831,189
*	Coastal Contracts Bhd		1,558,000		240,516
	CSC Steel Holdings Bhd		821,256		146,605
	Cypark Resources Bhd		822,350		177,001
	Dagang NeXchange Bhd		404,500		14,884
	DRB-Hicom Bhd		8,763,900		2,855,228
	Eastern & Oriental Bhd		7,484,313		740,670
*	Eco World Development Group Bhd		5,003,200		472,393
#	Ekovest BHD		12,731,400		1,433,215
	Engtex Group Bhd		679,800		89,483
	Evergreen Fibreboard Bhd		1,873,915		67,279
	FAR East Holdings BHD		57,360		28,854
# *	FGV Holdings Bhd		13,988,900		2,744,746
#	Gabungan AQRS Bhd		3,269,474		659,274
	Gadang Holdings Bhd		4,666,200		436,912
	Gamuda Bhd		12,313,733		9,178,259
#	Genting Bhd		17,135,000		16,571,597
	Genting Malaysia Bhd		18,442,500		10,137,212
#	George Kent Malaysia Bhd		3,116,100		492,405
	Glomac Bhd		2,406,390		169,976
	GuocoLand Malaysia Bhd		1,758,800		240,385
	HAP Seng Consolidated Bhd		2,699,582		4,602,834
	Hap Seng Plantations Holdings Bhd		1,939,900		620,486
# *	Hengyuan Refining Co. Bhd		1,154,900		833,170
	HeveaBoard Bhd		2,153,300		183,583
	Hiap Teck Venture Bhd		8,346,100		316,630
#	Hong Leong Financial Group Bhd		2,746,934		8,366,189
	Hong Leong Industries Bhd		129,100		245,774
	IGB Bhd		2,558,908		1,468,836
	IJM Corp. Bhd		24,631,418		9,471,118
#	Insas Bhd		3,851,600		545,631
#	IOI Properties Group Bhd		8,061,625		1,901,876
*	Iris Corp. Bhd		12,096,400		305,679
# *	Iskandar Waterfront City Bhd		1,951,300		226,293
# *	JAKS Resources Bhd		3,841,300		920,556
*	Jaya Tiasa Holdings Bhd		4,413,433		489,270
	Keck Seng Malaysia Bhd		2,149,000		1,822,208
	Kenanga Investment Bank Bhd		1,098,687		115,751
# *	KNM Group Bhd		20,095,890		627,543
# *	KSL Holdings Bhd		5,182,751		672,273
	Kumpulan Fima BHD		825,100		237,306
	Land & General Bhd		19,336,420		444,198
*	Landmarks Bhd		1,729,008		107,743
	LBS Bina Group Bhd		6,907,080		574,995
	Lotte Chemical Titan Holding Bhd		856,500		336,210
	Magnum Bhd		5,994,500		3,059,163
#	Mah Sing Group Bhd		11,750,062		1,182,450
	Malayan Banking Bhd		14,744,471		25,877,383

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
MALAYSIA — (Continued)
	Malayan Flour Mills Bhd		6,329,375	$	817,383
	Malaysia Airports Holdings Bhd		476,154		578,900
	Malaysia Building Society Bhd		15,332,591		2,255,460
*	Malaysia Marine and Heavy Engineering Holdings Bhd		1,088,700		119,952
*	Malaysian Bulk Carriers Bhd		1,604,625		131,646
	Malaysian Pacific Industries Bhd		177,675		448,281
#	Malaysian Resources Corp. Bhd		20,654,800		2,309,476
	Malton Bhd		2,332,400		209,720
	Matrix Concepts Holdings Bhd		794,700		309,686
	MBM Resources BHD		1,407,303		948,792
*	Media Prima Bhd		1,568,700		55,985
	Mega First Corp. Bhd		1,149,200		1,328,223
#	MISC Bhd		7,575,304		13,813,246
	MKH Bhd		3,789,378		894,300
#	MMC Corp. Bhd		4,725,280		754,266
	MNRB Holdings Bhd		3,527,979		593,320
*	MPHB Capital Bhd		178,400		29,500
	Muda Holdings Bhd		1,439,500		425,482
	Muhibbah Engineering M Bhd		3,732,300		892,468
*	Mulpha International Bhd		1,488,160		502,665
*	OCK Group Bhd		131,800		15,666
	Oriental Holdings BHD		3,046,279		3,554,607
	OSK Holdings Bhd		10,477,606		1,895,962
	Panasonic Manufacturing Malaysia Bhd		151,680		1,107,535
	Pantech Group Holdings Bhd		3,482,272		310,391
	Paramount Corp. Bhd		2,453,655		409,046
	Petron Malaysia Refining & Marketing Bhd		247,800		230,031
#	Pos Malaysia Bhd		1,980,500		397,802
	PPB Group Bhd		3,525,139		13,437,742
	RHB Bank Bhd		13,176,700		14,500,882
#	Sapura Energy Bhd		39,709,700		778,402
#	Sarawak Oil Palms Bhd		694,467		387,701
	Shangri-La Hotels Malaysia Bhd		410,000		432,581
	Sime Darby Bhd		21,654,600		10,030,562
	Sime Darby Property Bhd		7,330,900		1,104,078
#	SP Setia Bhd Group		9,325,073		1,747,827
*	Sumatec Resources Bhd		2,855,100		2,523
	Sunway Bhd		12,332,186		4,478,952
	Suria Capital Holdings Bhd		989,280		219,405
	Ta Ann Holdings Bhd		2,489,526		1,289,354
	TA Enterprise Bhd		14,909,300		1,726,012
#	TA Global Bhd		12,359,880		688,592
	Tan Chong Motor Holdings Bhd		2,329,800		571,595
	TIME dotCom Bhd		1,736,080		3,947,199
*	Tropicana Corp. Bhd		6,550,310		1,219,844
	Tune Protect Group Bhd		2,001,800		164,294
	UEM Edgenta Bhd		1,204,400		707,126
# *	UEM Sunrise Bhd		17,253,445		1,705,363
	United Malacca Bhd		941,000		961,796
	UOA Development Bhd		8,795,900		3,408,835
*	Velesto Energy Bhd		18,780,227		633,304
*	Vivocom International Holdings Bhd		3,725,667		17,329
*	Vizione Holdings Bhd		1,658,571		135,766
	VS Industry Bhd		14,058,500		3,000,025
	Wah Seong Corp. Bhd		2,371,280		340,934
# *	WCT Holdings Bhd		8,925,218		1,039,427
	WTK Holdings Bhd		522,800		40,474
	Yinson Holdings Bhd		91,900		110,515
*	YNH Property Bhd		3,700,950		2,152,375

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
MALAYSIA — (Continued)
	YTL Corp. Bhd		54,490,411	$	9,652,507
TOTAL MALAYSIA					304,136,388
MEXICO — (2.2%)
#	ALEATICA S.A.B. de C.V		21,226		16,482
#	Alfa S.A.B. de C.V., Class A		30,277,813		12,399,569
#	Alpek S.A.B. de C.V		4,106,213		1,942,277
#	Arca Continental S.A.B. de C.V		2,017,493		7,756,562
#	Banco del Bajio SA		1,357,098		1,069,867
	Becle S.A.B. de C.V		844,717		1,288,753
*	Bio Pappel S.A.B. de C.V		287,567		166,925
	Cemex S.A.B. de C.V		8,135,155		1,721,476
	Cemex S.A.B. de C.V., Sponsored ADR		6,811,714		14,440,833
	Coca-Cola Femsa S.A.B. de C.V., Sponsored ADR		73,690		3,044,134
	Coca-Cola Femsa S.A.B. de C.V		1,044,400		4,179,593
#	Consorcio ARA S.A.B. de C.V		6,650,124		825,023
*	Corp Interamericana de Entretenimiento S.A.B. de C.V., Class B		1,487,738		444,451
	Corp. Actinver S.A.B. de C.V		89,268		34,446
	Corpovael S.A. de C.V		800		149
	Credito Real S.A.B. de C.V. SOFOM ER		1,447,650		861,947
	Cydsa S.A.B. de C.V		5,874		4,926
	Dine S.A.B. de C.V		1,027,267		434,972
#	El Puerto de Liverpool S.A.B. de C.V		827,672		2,089,356
	Fomento Economico Mexicano S.A.B. de C.V., Sponsored ADR		185,791		11,951,935
*	Genomma Lab Internacional S.A.B. de C.V., Class B		1,374,703		1,095,154
	Gentera S.A.B. de C.V		1,801,797		724,427
# *	Grupo Aeromexico S.A.B. de C.V		1,738,079		674,289
#	Grupo Carso S.A.B. de C.V		4,845,243		9,625,751
#	Grupo Cementos de Chihuahua S.A.B. de C.V		1,548,702		4,488,479
#	Grupo Comercial Chedraui S.A. de C.V		3,240,040		3,860,999
	Grupo Elektra S.A.B. de C.V		237,103		13,546,775
*	Grupo Famsa S.A.B. de C.V., Class A		1,359,261		132,537
	Grupo Financiero Banorte S.A.B. de C.V., Class O		16,350,196		44,761,046
#	Grupo Financiero Inbursa S.A.B. de C.V., Class O		14,182,748		8,468,103
# *	Grupo Gigante S.A.B. de C.V		471,076		478,875
#	Grupo Herdez S.A.B. de C.V		603,460		750,913
	Grupo Industrial Saltillo S.A.B. de C.V		1,352,696		968,456
	Grupo KUO S.A.B. de C.V		2,015,792		3,997,961
#	Grupo Mexico S.A.B. de C.V., Class B		35,010,363		74,448,409
*	Grupo Pochteca S.A.B. de C.V		67,810		15,362
*	Grupo Posadas S.A.B. de C.V		328,713		325,972
*	Grupo Qumma S.A. de C.V		5,301		0
#	Grupo Rotoplas S.A.B. de C.V		185,552		104,782
	Grupo Sanborns S.A.B. de C.V		1,389,018		1,325,564
#	Grupo Simec S.A.B. de C.V., Class B		874,943		1,831,859
*	Grupo Sports World S.A.B. de C.V		293,561		186,970
	Grupo Televisa S.A.B., Sponsored ADR		680,759		3,642,061
	Grupo Televisa S.A.B		2,296,479		2,432,642
# *	Hoteles City Express S.A.B. de C.V		399,511		119,351
	Industrias Bachoco S.A.B. de C.V., Sponsored ADR		28,195		983,442
	Industrias Bachoco S.A.B. de C.V., Class B		1,450,638		4,235,567
	Industrias CH S.A.B. de C.V		1,907,677		6,332,275
	Industrias Penoles S.A.B. de C.V		526,545		4,030,852
# *	La Comer S.A.B. de C.V		4,562,784		4,767,059
*	Medica Sur S.A.B. de C.V		1,000		537
# *	Minera Frisco S.A.B. de C.V		3,406,833		254,442
# *	Minera Frisco S.A.B. de C.V., Class A1		5,704,431		684,030
#	Nemak S.A.B. de C.V		3,783,340		698,555
#	Orbia Advance Corp. S.A.B. de C.V		10,283,637		12,233,180

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
MEXICO — (Continued)
#	Organizacion Cultiba S.A.B. de C.V		157,421	$	71,849
	Organizacion Soriana S.A.B. de C.V., Class B		14,027,227		10,406,490
#	Promotora y Operadora de Infraestructura S.A.B. de C.V		405,696		2,811,474
	Qualitas Controladora S.A.B. de C.V		324,005		1,331,054
	TV Azteca S.A.B. de C.V		6,101,664		108,610
	Unifin Financiera S.A.B. de C.V		485,048		263,646
*	Vitro S.A.B. de C.V., Class A		1,403,287		1,307,157
TOTAL MEXICO					293,200,632
PHILIPPINES — (1.0%)
	ACR Mining Corp.		105,455		7,021
*	Alliance Global Group, Inc.		34,741,906		4,420,532
	Alsons Consolidated Resources, Inc.		14,952,000		272,280
	Altus San Nicolas Corp.		612,198		23,597
*	Apex Mining Co., Inc.		2,152,000		40,269
*	Atlas Consolidated Mining & Development Corp.		5,118,500		191,964
	Ayala Corp.		40,180		457,052
	Bank of the Philippine Islands		3,754,753		4,312,524
	BDO Unibank, Inc.		12,877,229		25,338,094
	Belle Corp.		4,041,000		109,776
	Cebu Air, Inc.		2,315,620		2,215,013
*	CEMEX Holdings Philippines, Inc.		34,416,719		755,224
	Century Properties Group, Inc.		24,226,400		173,988
	China Banking Corp.		8,772,732		3,414,865
	Cosco Capital, Inc.		17,924,000		1,759,656
	DMCI Holdings, Inc.		6,362,900		517,363
*	East West Banking Corp.		5,075,400		788,195
	EEI Corp.		2,496,900		265,412
	Emperador, Inc.		1,145,300		179,469
*	Empire East Land Holdings, Inc.		6,599,000		40,544
*	Export & Industry Bank, Inc., Class A		14,950		0
	Filinvest Development Corp.		384,400		65,101
	Filinvest Land, Inc.		115,037,031		2,152,208
	First Philippine Holdings Corp.		3,588,330		4,078,004
	Fwbc Holdings, Inc.		5,471,786		0
*	Global Ferronickel Holdings, Inc.		13,281,116		233,985
	GT Capital Holdings, Inc.		458,597		4,105,856
	Integrated Micro-Electronics, Inc.		2,190,100		254,619
	JG Summit Holdings, Inc.		14,396,660		14,338,437
	Lopez Holdings Corp.		22,422,500		1,159,613
	LT Group, Inc.		14,850,100		2,269,529
	Megaworld Corp.		87,569,300		4,418,998
	Metro Retail Stores Group, Inc.		1,494,000		56,177
	Metropolitan Bank & Trust Co.		10,857,492		8,304,085
*	Mondragon International Philippines, Inc.		2,464,000		0
	Nickel Asia Corp.		17,474,940		582,183
	Petron Corp.		23,490,900		1,482,129
	Philex Mining Corp.		4,679,000		212,627
*	Philippine National Bank.		4,522,485		2,138,109
*	Philippine National Construction Corp.		398,900		7,272
	Philippine Savings Bank.		1,990,149		1,717,163
	Philippine Townships, Inc.		226,200		0
	Philtown Properties, Inc.		6,701		0
	Phoenix Petroleum Philippines, Inc.		1,527,700		352,785
	Pilipinas Shell Petroleum Corp.		184,030		67,350
	Premium Leisure Corp.		6,804,000		42,742
	RFM Corp.		762,400		68,012
	Rizal Commercial Banking Corp.		5,975,106		1,954,619
	Robinsons Land Corp.		30,822,008		9,106,755

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
PHILIPPINES — (Continued)
	Robinsons Retail Holdings, Inc.		380,990	$	503,153
	San Miguel Corp.		6,038,956		11,592,690
	San Miguel Food and Beverage, Inc.		166,520		195,605
	Security Bank Corp.		1,763,824		3,567,997
	SSI Group, Inc.		8,624,000		229,230
	STI Education Systems Holdings, Inc.		12,851,000		87,507
*	Top Frontier Investment Holdings, Inc.		626,212		1,753,555
	Union Bank Of Philippines		4,242,709		4,541,187
	Vista Land & Lifescapes, Inc.		58,229,568		4,962,866
TOTAL PHILIPPINES					131,884,986
POLAND — (0.8%)
	Agora SA		334,320		620,466
# *	Alior Bank SA		503,993		1,849,306
	Amica SA		5,928		140,107
	Bank Handlowy w Warszawie SA		40,881		363,339
*	Bank Millennium SA		3,280,539		2,234,143
*	Boryszew SA		283,585		248,412
# *	Ciech SA		148,017		1,424,606
	Cyfrowy Polsat SA		531,408		3,285,599
*	Develia SA		1,367,099		654,894
*	Enea SA		2,414,579		3,261,451
	Firma Oponiarska Debica SA		35,664		631,099
*	Getin Noble Bank SA		948,327		52,431
# *	Grupa Azoty SA		237,054		1,520,750
#	Grupa Kety SA		37,156		3,260,169
	Grupa Lotos SA		663,635		10,070,839
#	Jastrzebska Spolka Weglowa SA		175,136		581,452
	Kernel Holding SA		484,032		4,687,718
# *	KGHM Polska Miedz SA		1,246,289		23,441,658
#	Lubelski Wegiel Bogdanka SA		52,381		267,412
# *	mBank SA		33,848		1,802,553
*	Netia SA		1,463,642		1,398,727
*	PGE Polska Grupa Energetyczna SA		4,748,887		4,749,756
#	PKP Cargo SA		109,382		316,495
#	Polski Koncern Naftowy Orlen SA		2,472,231		37,526,840
	Powszechna Kasa Oszczednosci Bank Polski SA		414,731		2,219,541
	Stalexport Autostrady SA		189,773		132,537
	Stalprodukt SA		3,053		102,852
# *	Tauron Polska Energia SA		9,857,649		2,706,501
TOTAL POLAND					109,551,653
QATAR — (0.0%)
	Commercial Bank PSQC (The)		21,698		23,891
RUSSIA — (1.7%)
	Etalon Group P.L.C., GDR		88,415		100,793
	Gazprom PJSC, Sponsored ADR		16,109,153		81,576,090
	Gazprom PJSC, Sponsored ADR		18,140		91,607
	Lukoil PJSC, Sponsored ADR		1,951,521		127,312,816
	Magnitogorsk Iron & Steel Works PJSC, GDR		393,126		2,759,449
	Rosneft Oil Co. PJSC, GDR		2,989,971		13,401,050
	RusHydro PJSC, ADR		6,034,478		4,820,938
	TMK PJSC, GDR		11,656		35,201
	VTB Bank PJSC, GDR		5,770,267		5,447,132
TOTAL RUSSIA					235,545,076

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
SAUDI ARABIA — (0.1%)
*	Abdul Mohsen Al-Hokair Tourism and Development Co.		75,583	$	240,654
	Al Babtain Power & Telecommunication Co.		20,211		122,420
	Al Etihad Cooperative Insurance		34,260		121,144
	Al Jouf Agricultural Development Co.		18,273		113,329
*	Al Khaleej Training and Education Co.		21,814		84,196
	AlAbdullatif Industrial Investment Co.		27,236		70,836
	Arab National Bank		16,269		87,985
	Arabian Cement Co.		66,448		473,780
*	Arabian Shield Cooperative Insurance Co.		20,954		79,260
	Arriyadh Development Co.		8,345		30,786
*	Aseer Trading Tourism & Manufacturing Co.		15,043		36,705
*	Astra Industrial Group		9,290		39,970
	Banque Saudi Fransi		14,596		119,960
	Basic Chemical Industries, Ltd.		2,000		11,392
	City Cement Co.		44,000		161,881
*	Dar Al Arkan Real Estate Development Co.		229,623		492,538
	Dur Hospitality Co.		6,012		35,650
	Eastern Province Cement Co.		49,926		378,091
*	Electrical Industries Co.		25,545		95,664
*	Hail Cement Co.		135,756		423,312
*	Methanol Chemicals Co.		45,000		80,231
*	Middle East Paper Co.		18,444		63,379
*	Najran Cement Co.		128,556		377,774
	National Co., for Glass Manufacturing (The)		3,450		13,601
*	National Industrialization Co.		29,000		78,170
*	Northern Region Cement Co.		86,019		229,878
*	Rabigh Refining & Petrochemical Co.		64,000		232,414
*	Red Sea International Co.		17,612		63,675
	Riyad Bank		58,631		265,059
	Sahara International Petrochemical Co.		157,865		643,139
	Saudi Basic Industries Corp.		47,711		946,818
*	Saudi Ceramic Co.		16,659		129,314
*	Saudi Chemical Co.		12,261		69,598
	Saudi Industrial Investment Group		20,073		99,064
*	Saudi Kayan Petrochemical Co.		100,000		229,612
*	Saudi Printing & Packaging Co.		11,500		38,028
*	Saudi Re for Cooperative Reinsurance Co.		117,500		255,664
	Seera Group Holding.		553,200		2,281,179
*	Tabuk Cement Co.		77,719		241,942
*	Takween Advanced Industries Co.		38,200		68,406
	Yamama Cement Co.		28,000		155,136
	Yanbu Cement Co.		12,350		97,796
TOTAL SAUDI ARABIA					9,879,430
SOUTH AFRICA — (4.2%)
	Absa Group, Ltd.		6,282,458		31,004,874
	Adcock Ingram Holdings, Ltd.		34,991		84,061
#	Adcorp Holdings, Ltd.		973,614		218,972
	Advtech, Ltd.		99,684		46,812
#	AECI, Ltd.		1,649,000		6,610,315
	African Oxygen, Ltd.		164,182		146,155
	African Phoenix Investments, Ltd.		8,992,464		174,499
	African Rainbow Minerals, Ltd.		1,230,479		9,006,173
	Alexander Forbes Group Holdings, Ltd.		6,853,721		1,487,682
	Allied Electronics Corp., Ltd., Class A		134,145		148,595
	Alviva Holdings, Ltd.		1,047,636		281,831
	Anglo American Platinum, Ltd.		35,207		1,847,663
	AngloGold Ashanti, Ltd.		643,950		15,718,912
	AngloGold Ashanti, Ltd., Sponsored ADR		2,183,014		53,243,711

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
SOUTH AFRICA — (Continued)
*	ArcelorMittal South Africa, Ltd.		1,294,862	$	45,288
*	Aspen Pharmacare Holdings, Ltd.		1,830,515		11,418,221
	Assore, Ltd.		103,905		1,765,007
	Astral Foods, Ltd.		134,124		1,396,285
#	Barloworld, Ltd.		2,708,848		9,938,238
	Bidvest Group, Ltd. (The)		30,462		247,380
# *	Blue Label Telecoms, Ltd.		3,617,676		416,174
# *	Brait SE		6,805,838		1,448,559
	Caxton and CTP Publishers and Printers, Ltd.		2,447,527		651,601
#	DataTec, Ltd.		4,290,124		5,646,970
	Discovery, Ltd.		598,548		3,140,297
	Distell Group Holdings, Ltd.		4,637		19,774
#	DRDGOLD, Ltd.		3,735,077		3,436,882
*	enX Group, Ltd.		391,330		123,161
*	EOH Holdings, Ltd.		461,925		94,914
	Evraz Highveld Steel And Vanad		120,337		0
	Exxaro Resources, Ltd.		1,497,241		8,691,824
#	FirstRand, Ltd.		264,993		578,348
	Foschini Group, Ltd. (The)		53,229		208,845
	Gold Fields, Ltd.		1,085,503		8,080,059
	Gold Fields, Ltd., Sponsored ADR		11,818,542		86,748,098
*	Grindrod Shipping Holdings, Ltd.		116,430		278,282
#	Grindrod, Ltd.		5,968,838		1,120,933
*	Harmony Gold Mining Co., Ltd.		1,224,659		4,507,061
	Hudaco Industries, Ltd.		176,398		639,617
#	Impala Platinum Holdings, Ltd.		4,975,459		29,674,903
	Imperial Logistics, Ltd.		2,050,009		3,605,114
	Investec, Ltd.		1,882,982		3,921,482
*	Invicta Holdings, Ltd.		93,463		25,794
*	JCI, Ltd.		10,677,339		0
	KAP Industrial Holdings, Ltd.		10,187,856		1,104,756
	Kumba Iron Ore, Ltd.		135,811		2,556,060
	Lewis Group, Ltd.		1,400,634		1,192,932
	Liberty Holdings, Ltd.		1,636,384		6,205,415
	Life Healthcare Group Holdings, Ltd.		3,293,194		3,166,242
*	Long4Life, Ltd.		1,383,403		206,084
*	Massmart Holdings, Ltd.		44,183		58,932
	Merafe Resources, Ltd.		13,584,710		269,269
	Metair Investments, Ltd.		1,682,205		1,346,800
	Momentum Metropolitan Holdings		13,900,348		13,006,415
# *	Motus Holdings Ltd.		258,290		420,704
	Mpact, Ltd.		2,586,352		1,069,803
#	MTN Group, Ltd.		18,791,045		49,380,214
	Murray & Roberts Holdings, Ltd.		6,897,290		2,040,495
*	Nampak, Ltd.		5,641,463		506,944
#	Nedbank Group, Ltd.		3,499,581		20,344,692
*	Ninety One, Ltd.		941,491		1,983,503
	Novus Holdings, Ltd.		266,993		21,424
	Oceana Group, Ltd.		118,408		391,141
#	Old Mutual, Ltd.		20,508,346		14,887,066
*	Omnia Holdings, Ltd.		1,817,553		2,305,369
	Peregrine Holdings, Ltd.		1,594,063		1,619,526
*	PPC, Ltd.		10,395,993		694,793
	Raubex Group, Ltd.		2,180,513		2,017,523
	RCL Foods, Ltd.		159,113		82,214
	Reunert, Ltd.		1,319,511		2,848,796
#	RFG Holdings, Ltd.		23,326		18,358
*	Royal Bafokeng Platinum, Ltd.		589,877		1,046,993
	Sanlam, Ltd.		39,807		127,259

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
SOUTH AFRICA — (Continued)
# *	Sappi, Ltd.		6,450,735	$	7,840,243
# *	Sasol, Ltd.		2,811,885		13,344,932
# *	Sasol, Ltd., Sponsored ADR		1,411,834		6,748,567
# *	Sibanye Stillwater, Ltd.		5,741,777		11,696,987
# *	Sibanye Stillwater, Ltd., ADR		2,189,945		17,453,857
#	Standard Bank Group, Ltd.		11,276,419		62,219,873
# *	Steinhoff International Holdings NV		23,998,309		1,442,557
*	Super Group, Ltd.		4,615,408		3,474,757
	Telkom SA SOC, Ltd.		3,122,734		3,462,292
*	Tongaat Hulett, Ltd.		1,558,340		550,074
#	Trencor, Ltd.		1,547,638		622,741
	Truworths International, Ltd.		419,107		661,584
	Tsogo Sun Gaming, Ltd.		2,917,390		412,508
	Wilson Bayly Holmes-Ovcon, Ltd.		632,711		3,246,587
TOTAL SOUTH AFRICA					571,986,647
SOUTH KOREA — (13.6%)
*	Actoz Soft Co., Ltd.		3,138		21,329
#	Aekyung Petrochemical Co., Ltd.		149,273		873,291
#	AJ Networks Co., Ltd.		69,115		212,387
# *	Ajin Industrial Co., Ltd.		303,487		543,226
	Aju Capital Co., Ltd.		6,451		64,718
	AK Holdings, Inc.		33,833		701,073
*	ALUKO Co., Ltd.		37,695		58,828
#	Asia Cement Co., Ltd.		20,948		1,171,898
	ASIA Holdings Co., Ltd.		12,797		880,088
	Asia Paper Manufacturing Co., Ltd.		58,935		1,572,498
	AUK Corp.		265,381		400,877
#	Aurora World Corp.		19,282		172,094
	Austem Co., Ltd.		264,614		384,493
#	Autech Corp.		19,355		150,214
	Avaco Co., Ltd.		53,567		280,442
#	BGF Co., Ltd.		276,441		1,095,427
	Binggrae Co., Ltd.		2,068		108,962
	Bixolon Co., Ltd.		27,536		111,543
*	Bluecom Co., Ltd.		68,876		229,085
	BNK Financial Group, Inc.		2,649,767		11,019,557
	Bookook Securities Co., Ltd.		36,543		553,453
	Busan City Gas Co., Ltd.		1,660		49,192
	BYC Co., Ltd.		752		119,389
# *	Byucksan Corp.		408,311		530,460
*	Capro Corp.		373,154		987,712
	Chinyang Holdings Corp.		83,349		158,113
	Chongkundang Holdings Corp.		5,052		473,611
#	Chosun Refractories Co., Ltd.		10,946		676,969
	CJ CheilJedang Corp.		60,575		13,626,345
	CJ Corp.		184,976		12,354,956
	CJ Freshway Corp.		1,628		28,023
*	CJ Logistics Corp.		3,884		471,702
	CKD Bio Corp.		12,976		323,040
	Cosmax BTI, Inc.		36,407		468,699
	CROWNHAITAI Holdings Co., Ltd.		46,855		336,168
	Cuckoo Holdings Co., Ltd.		391		29,126
	D.I Corp.		219,086		585,574
#	Dae Dong Industrial Co., Ltd.		196,128		730,027
	Dae Han Flour Mills Co., Ltd.		11,809		1,263,631
#	Dae Hyun Co., Ltd.		285,336		432,160
	Dae Won Kang Up Co., Ltd.		368,094		874,691
# *	Dae Young Packaging Co., Ltd.		855,924		818,794

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
#	Daechang Co., Ltd.		637,915	$	590,768
	Daechang Forging Co., Ltd.		5,125		92,543
	Daeduck Electronics Co.		399,421		2,691,328
#	Daehan Steel Co., Ltd.		132,934		688,054
*	Dae-Il Corp.		219,602		247,838
	Daekyo Co., Ltd.		162,385		635,261
	Daelim B&Co Co., Ltd.		7,997		22,974
#	Daelim Industrial Co., Ltd.		357,280		25,779,183
	Daesang Corp.		261,057		4,713,639
	Daesang Holdings Co., Ltd.		149,832		786,087
	Daewon San Up Co., Ltd.		61,406		228,504
*	Daewoo Engineering & Construction Co., Ltd.		2,260,703		6,633,197
*	Daewoo Shipbuilding & Marine Engineering Co., Ltd.		319,791		4,504,792
	Daewoong Co., Ltd.		13,561		193,368
*	Dahaam E-Tec Co., Ltd.		3,535		61,361
	Daihan Pharmaceutical Co., Ltd.		5,749		140,367
	Daishin Securities Co., Ltd.		433,703		3,547,678
*	Danal Co., Ltd.		155,173		534,140
	Daou Data Corp.		150,274		1,010,847
	Daou Technology, Inc.		338,823		4,568,084
*	Dayou Automotive Seat Technology Co., Ltd.		54,169		31,947
	DB Financial Investment Co., Ltd.		335,836		974,799
	DB Insurance Co., Ltd.		299,711		10,946,949
*	DB, Inc.		62,943		38,593
# *	Deutsch Motors, Inc.		66,004		363,328
# *	Development Advance Solution Co., Ltd.		99,076		451,963
	DGB Financial Group, Inc.		1,525,621		6,622,730
	DHP Korea Co., Ltd.		5,994		35,284
	DI Dong Il Corp.		18,459		928,489
	Display Tech Co., Ltd.		34,003		83,987
	DMS Co., Ltd.		210,807		705,415
	Dong A Eltek Co., Ltd.		90,795		512,069
	Dong-A Socio Holdings Co., Ltd.		5,046		363,481
	Dong-Ah Geological Engineering Co., Ltd.		30,571		437,324
# *	Dongbang Transport Logistics Co., Ltd.		285,602		509,443
#	Dongbu Corp.		36,803		255,138
#	Dongil Industries Co., Ltd.		15,558		646,329
	Dongkuk Industries Co., Ltd.		413,043		710,701
*	Dongkuk Steel Mill Co., Ltd.		774,325		2,705,988
	Dongkuk Structures & Construction Co., Ltd.		32,749		58,456
	DONGSUNG Corp.		159,407		539,224
#	Dongwha Enterprise Co., Ltd.		33,412		416,278
#	Dongwha Pharm Co., Ltd.		62,755		579,338
#	Dongwon Development Co., Ltd.		501,265		1,467,335
	Dongwon F&B Co., Ltd.		961		156,190
	Dongwon Industries Co., Ltd.		12,355		2,309,160
*	Dongwoo Farm To Table Co., Ltd.		14,971		39,666
#	Dongyang E&P, Inc.		46,912		409,745
	Doosan Bobcat, Inc.		338,483		6,551,461
	Doosan Co., Ltd.		83,669		2,786,987
# *	Doosan Fuel Cell Co., Ltd.		279,793		1,722,538
# *	Doosan Heavy Industries & Construction Co., Ltd.		1,635,223		5,311,994
# *	Doosan Infracore Co., Ltd.		1,757,589		6,183,721
*	Doosan Solus Co., Ltd.		154,224		4,204,614
	DRB Holding Co., Ltd.		32,057		153,433
#	DTR Automotive Corp.		50,871		1,055,365
	DY Corp.		184,825		596,604
	DY POWER Corp.		23,114		149,240
	e Tec E&C, Ltd.		12,441		839,394

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
	Eagon Holdings Co., Ltd.		9,397	$	15,487
	Eagon Industrial, Ltd.		84,447		406,974
	Easy Bio, Inc.		538,210		1,881,714
	Elentec Co., Ltd.		30,857		101,052
	e-LITECOM Co., Ltd.		37,560		115,870
	E-MART, Inc.		152,890		15,065,893
*	EM-Tech Co., Ltd.		26,618		179,103
#	Eugene Corp.		586,860		2,003,375
	Eugene Investment & Securities Co., Ltd.		873,111		2,032,527
*	Eusu Holdings Co., Ltd.		64,565		315,378
	EVERDIGM Corp.		36,984		111,468
	Farmsco		26,482		98,125
	FarmStory Co., Ltd.		372,086		311,120
	Fursys, Inc.		26,929		611,027
	Gaon Cable Co., Ltd.		17,158		217,826
	Geumhwa PSC Co., Ltd.		490		11,327
	GMB Korea Corp.		96,134		349,592
#	Golfzon Newdin Holdings Co., Ltd.		238,062		660,933
	GS Engineering & Construction Corp.		772,211		16,123,598
*	GS Global Corp.		569,448		830,203
	GS Holdings Corp.		635,200		19,986,822
	GS Home Shopping, Inc.		6,576		688,983
	GS Retail Co., Ltd.		5,427		169,098
	Gwangju Shinsegae Co., Ltd.		7,018		843,355
	HAESUNG DS Co., Ltd.		963		11,724
	Haitai Confectionery & Foods Co., Ltd.		6,605		38,401
*	Halla Corp.		255,942		652,621
#	Halla Holdings Corp.		90,104		2,234,698
	Han Kuk Carbon Co., Ltd.		9,336		52,942
	Hana Financial Group, Inc.		3,104,872		70,878,029
#	Hana Micron, Inc.		273,957		1,084,361
*	Hancom, Inc.		10,193		105,217
	Handok, Inc.		5,101		94,050
	Handsome Co., Ltd.		163,060		3,289,937
	Hanil Cement Co., Ltd.		24,093		1,696,427
	Hanil Holdings Co., Ltd.		20,065		698,627
#	Hanjin Transportation Co., Ltd.		103,070		3,914,395
	Hankook Tire & Technology Co., Ltd.		893,444		15,675,184
	Hankuk Paper Manufacturing Co., Ltd.		35,243		415,903
	HanmiGlobal Co., Ltd.		3,947		24,962
	Hansae Co., Ltd.		2,935		28,909
	Hanshin Construction		88,636		957,065
# *	Hansol Holdings Co., Ltd.		544,710		1,341,155
# *	Hansol HomeDeco Co., Ltd.		758,330		558,365
	Hansol Paper Co., Ltd.		219,856		2,841,151
*	Hansol Technics Co., Ltd.		262,805		1,304,227
*	Hanwha Aerospace Co., Ltd.		316,832		6,978,062
	Hanwha Corp.		383,699		6,544,789
*	Hanwha General Insurance Co., Ltd.		717,985		1,288,262
*	Hanwha Investment & Securities Co., Ltd.		1,400,319		2,045,694
	Hanwha Life Insurance Co., Ltd.		2,955,320		4,403,292
	Hanwha Solutions Corp.		1,040,825		12,456,563
#	Hanyang Eng Co., Ltd.		128,350		1,059,795
	Hanyang Securities Co., Ltd.		91,390		472,079
#	Harim Holdings Co., Ltd.		271,764		1,428,486
	HDC Holdings Co., Ltd.		445,432		3,417,151
	HDC Hyundai Engineering Plastics Co., Ltd.		132,824		410,377
*	Heung-A Shipping Co., Ltd.		702,313		148,711
*	Heungkuk Fire & Marine Insurance Co., Ltd.		152,112		308,349

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
	Hitejinro Holdings Co., Ltd.		84,142	$	937,702
	HS R&A Co., Ltd.		411,033		549,143
*	HSD Engine Co., Ltd.		62,717		176,609
	Huchems Fine Chemical Corp.		20,322		293,189
*	Humax Co., Ltd.		158,828		446,272
# *	Huneed Technologies		54,858		300,954
	Huons Global Co., Ltd.		9,850		255,425
	Husteel Co., Ltd.		13,800		76,457
#	Huvis Corp.		171,915		767,572
	Hwa Shin Co., Ltd.		238,468		450,635
#	Hwacheon Machine Tool Co., Ltd.		14,514		367,443
#	Hwangkum Steel & Technology Co., Ltd.		86,319		419,537
	HwaSung Industrial Co., Ltd.		103,206		772,280
	Hy-Lok Corp.		63,907		637,670
*	Hyosung Advanced Materials Corp.		2,060		138,633
	Hyosung Chemical Corp.		1,893		179,252
#	Hyosung Corp.		57,103		3,267,818
	Hyosung TNC Co., Ltd.		1,863		199,337
	Hyundai BNG Steel Co., Ltd.		107,603		636,088
*	Hyundai Construction Equipment Co., Ltd.		155,655		2,357,228
	Hyundai Corp.Holdings, Inc.		70,683		563,839
	Hyundai Corp.		72,538		873,463
	Hyundai Department Store Co., Ltd.		130,708		7,798,827
*	Hyundai Electric & Energy System Co., Ltd.		33,931		229,705
	Hyundai Engineering & Construction Co., Ltd.		681,922		19,768,330
	Hyundai Glovis Co., Ltd.		11,106		928,223
	Hyundai Greenfood Co., Ltd.		502,381		3,368,619
	Hyundai Heavy Industries Holdings Co., Ltd.		90,275		18,024,600
	Hyundai Home Shopping Network Corp.		72,688		4,295,069
	Hyundai Hy Communications & Networks Co., Ltd.		475,550		1,605,889
	Hyundai Livart Furniture Co., Ltd.		118,366		1,134,168
	Hyundai Marine & Fire Insurance Co., Ltd.		616,858		13,340,182
	Hyundai Mipo Dockyard Co., Ltd.		257,572		6,516,285
	Hyundai Mobis Co., Ltd.		348,715		49,301,397
	Hyundai Motor Co.		973,740		75,262,722
	Hyundai Motor Securities Co., Ltd.		187,292		1,356,194
	Hyundai Steel Co.		596,402		10,607,560
	Hyundai Wia Corp.		156,295		4,234,360
	HyVision System, Inc.		13,555		93,774
	IDIS Holdings Co., Ltd.		43,273		494,269
*	Il Dong Pharmaceutical Co., Ltd.		16,515		176,043
*	Iljin Electric Co., Ltd.		194,988		383,729
	Iljin Holdings Co., Ltd.		91,947		281,611
#	Ilshin Spinning Co., Ltd.		15,356		702,978
#	Ilsung Pharmaceuticals Co., Ltd.		8,768		650,946
	iMarketKorea, Inc.		147,664		1,225,580
	Industrial Bank of Korea		2,396,468		15,611,487
	INITECH Co., Ltd.		31,597		110,059
	Interpark Holdings Corp.		450,487		678,386
	INTOPS Co., Ltd.		150,960		1,359,046
	Inzi Controls Co., Ltd.		103,342		328,811
	INZI Display Co., Ltd.		114,878		145,338
*	Iones Co., Ltd.		78,648		337,539
	IS Dongseo Co., Ltd.		88,227		1,846,006
#	ISC Co., Ltd.		98,854		824,462
	ISU Chemical Co., Ltd.		107,849		1,040,255
# *	Jahwa Electronics Co., Ltd.		137,074		823,771
	JB Financial Group Co., Ltd.		1,733,162		6,903,572
	Jinsung T.E.C		4,593		21,804

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
	Jusung Engineering Co., Ltd.		10,978	$	48,854
#	Kangnam Jevisco Co., Ltd.		39,014		560,614
	KAON Media Co., Ltd.		60,514		293,452
	KB Financial Group, Inc.		2,105,869		60,251,658
#	KB Financial Group, Inc., ADR		2,874,360		80,884,490
	KC Co., Ltd.		81,017		919,788
	KC Green Holdings Co., Ltd.		88,975		265,116
	KCC Corp.		41,442		5,640,410
	KCC Engineering & Construction Co., Ltd.		57,788		285,767
*	KCC Glass Corp.		38,941		922,026
# *	KEC Corp.		920,437		579,217
#	Keyang Electric Machinery Co., Ltd.		211,386		475,191
	KG Chemical Corp.		27,065		308,781
#	KG Eco Technology Service Co., Ltd.		278,388		931,331
	KGMobilians Co., Ltd.		89,863		554,547
	Kia Motors Corp.		2,187,683		53,433,488
	KISCO Corp.		168,906		544,739
	KISCO Holdings Co., Ltd.		68,495		592,326
	Kishin Corp.		85,733		216,955
	KISWIRE, Ltd.		71,673		848,412
	KIWOOM Securities Co., Ltd.		142,349		8,739,244
	KMH Co., Ltd.		98,465		523,926
*	Kodaco Co., Ltd.		291,772		98,553
	Kolmar Korea Holdings Co., Ltd.		19,172		345,398
	Kolon Corp.		54,098		781,415
	Kolon Global Corp.		41,349		266,852
	Kolon Industries, Inc.		233,278		5,910,140
	Komelon Corp.		29,152		181,530
	Kook Soon Dang Brewery Co., Ltd.		80,219		236,684
#	Korea Alcohol Industrial Co., Ltd.		168,003		2,194,411
	Korea Asset In Trust Co., Ltd.		256,587		510,623
#	Korea Autoglass Corp.		90,414		988,285
# *	Korea Circuit Co., Ltd.		112,791		733,555
	Korea Electric Terminal Co., Ltd.		40,747		959,245
	Korea Export Packaging Industrial Co., Ltd.		1,813		27,299
	Korea Flange Co., Ltd.		159,881		266,155
	Korea Investment Holdings Co., Ltd.		525,530		21,757,636
*	Korea Line Corp.		127,767		1,886,833
#	Korea Petrochemical Ind Co., Ltd.		48,385		5,611,778
	Korea Real Estate Investment & Trust Co., Ltd.		1,190,727		1,839,781
# *	Korea Shipbuilding & Offshore Engineering Co., Ltd.		256,147		17,375,221
	Korea United Pharm, Inc.		21,606		313,243
	Korea Zinc Co., Ltd.		4,684		1,488,735
*	Korean Air Lines Co., Ltd.		583,487		9,550,354
	Korean Reinsurance Co.		1,066,873		7,376,901
	Kortek Corp.		115,989		916,953
#	KPX Chemical Co., Ltd.		24,271		968,671
	KSS LINE, Ltd.		146,779		876,799
	KT Skylife Co., Ltd.		225,736		1,468,224
#	KTB Investment & Securities Co., Ltd.		476,980		1,008,648
#	KTCS Corp.		353,941		512,162
	Ktis Corp.		206,085		321,223
#	Kukdo Chemical Co., Ltd.		25,693		880,487
#	Kukdong Oil & Chemicals Co., Ltd.		26,930		71,859
	Kumho Industrial Co., Ltd.		2,178		14,470
	Kumho Petrochemical Co., Ltd.		41,413		2,611,593
# *	Kumho Tire Co., Inc.		794,452		2,002,565
	Kumkang Kind Co., Ltd.		96,105		248,818
	Kwang Dong Pharmaceutical Co., Ltd.		18,103		90,143

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
#	Kyeryong Construction Industrial Co., Ltd.		52,424	$	692,343
	Kyobo Securities Co., Ltd.		211,516		1,257,581
#	Kyungbang Co., Ltd.		133,631		1,098,998
	Kyung-In Synthetic Corp.		12,854		73,683
#	LEADCORP, Inc. (The)		207,117		915,165
	LF Corp.		247,040		2,668,506
	LG Corp.		621,386		31,618,899
# *	LG Display Co., Ltd., ADR		3,976,098		17,892,441
# *	LG Display Co., Ltd.		1,226,940		11,131,535
	LG Electronics, Inc.		1,283,495		57,763,781
	LG Hausys, Ltd.		78,162		3,325,264
	LG HelloVision Co., Ltd.		334,057		1,237,529
	LG International Corp.		395,705		4,292,130
	LG Uplus Corp.		1,563,860		17,172,847
	LIG Nex1 Co., Ltd.		11,236		241,180
#	LMS Co., Ltd.		30,866		270,666
# *	LOT Vacuum Co., Ltd.		92,746		708,914
	Lotte Chemical Corp.		144,379		25,656,927
	Lotte Chilsung Beverage Co., Ltd.		21,352		1,915,436
	Lotte Confectionery Co., Ltd.		538		56,653
#	Lotte Corp.		193,255		6,379,784
	LOTTE Fine Chemical Co., Ltd.		191,633		6,155,516
	Lotte Food Co., Ltd.		1,976		624,095
	LOTTE Himart Co., Ltd.		124,016		2,736,753
# *	Lotte Non-Life Insurance Co., Ltd.		771,354		1,037,920
#	Lotte Shopping Co., Ltd.		110,627		9,059,481
	LS Corp.		178,554		5,516,873
	LS Electric Co., Ltd.		10,561		340,102
*	Lumens Co., Ltd.		431,786		630,153
*	LVMC Holdings		164,607		672,239
	Maeil Holdings Co., Ltd.		11,288		80,173
	Mando Corp.		39,112		763,120
#	MegaStudy Co., Ltd.		51,341		435,298
	Meritz Financial Group, Inc.		264,615		2,144,555
	Meritz Fire & Marine Insurance Co., Ltd.		62,765		713,940
#	Meritz Securities Co., Ltd.		3,758,303		10,116,386
	Mi Chang Oil Industrial Co., Ltd.		6,722		331,320
	Mirae Asset Daewoo Co., Ltd.		2,675,229		12,332,787
	Mirae Asset Life Insurance Co., Ltd.		817,289		2,428,431
	MK Electron Co., Ltd.		197,492		1,057,774
*	MNTech Co., Ltd.		163,298		342,297
# *	Mobase Co., Ltd.		75,296		205,970
	Moorim P&P Co., Ltd.		316,214		878,404
	Moorim Paper Co., Ltd.		293,869		529,253
#	Motonic Corp.		103,305		612,019
# *	Muhak Co., Ltd.		77,436		406,031
	Namyang Dairy Products Co., Ltd.		3,979		1,054,655
#	NEOWIZ HOLDINGS Corp.		57,767		678,026
	Nexen Corp.		252,946		983,617
	Nexen Tire Corp.		444,654		2,094,604
	NH Investment & Securities Co., Ltd.		1,353,466		10,770,562
*	NHN Corp.		70,470		4,412,644
	NICE Holdings Co., Ltd.		3,137		51,395
	Nong Shim Holdings Co., Ltd.		22,428		1,371,855
	NongShim Co., Ltd.		20,420		4,949,971
#	NOROO Paint & Coatings Co., Ltd.		102,200		647,987
	NPC		116,690		348,128
#	NS Shopping Co., Ltd.		74,291		472,264
*	OCI Co., Ltd.		137,848		4,523,862

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
	Opto Device Technology Co., Ltd.		52,020	$	168,496
	Orion Holdings Corp.		246,969		2,864,638
#	Paik Kwang Industrial Co., Ltd.		250,824		573,408
*	Pan Ocean Co., Ltd.		2,585,749		7,315,427
	Pang Rim Co., Ltd.		14,177		20,118
	Pan-Pacific Co., Ltd.		113,324		204,543
	Paradise Co., Ltd.		10,185		132,109
#	Poongsan Corp.		214,337		3,715,397
#	Poongsan Holdings Corp.		49,284		1,168,088
#	POSCO, Sponsored ADR		1,216,529		45,267,044
	POSCO		599,309		90,558,836
	POSCO Coated & Color Steel Co., Ltd.		1,707		16,447
	Posco International Corp.		644,045		7,485,937
#	Power Logics Co., Ltd.		92,739		524,483
#	Protec Co., Ltd.		44,642		522,915
	Pulmuone Co., Ltd.		7,986		79,588
#	Pyeong Hwa Automotive Co., Ltd.		88,721		489,208
	Rayence Co., Ltd.		6,529		76,873
	S&T Dynamics Co., Ltd.		296,345		1,326,847
	S&T Holdings Co., Ltd.		77,143		904,825
#	S&T Motiv Co., Ltd.		83,737		2,480,272
#	Sajo Industries Co., Ltd.		21,697		568,617
#	Sam Young Electronics Co., Ltd.		126,513		758,160
#	Sambo Corrugated Board Co., Ltd.		31,268		206,865
*	Sambo Motors Co., Ltd.		135,701		447,110
	Samho Development Co., Ltd.		217,181		901,464
	Samho International Co., Ltd.		6,643		122,917
	SAMHWA Paints Industrial Co., Ltd.		95,709		394,936
	Samick Musical Instruments Co., Ltd.		647,305		773,977
	Samji Electronics Co., Ltd.		13,939		104,252
#	Samjin LND Co., Ltd.		82,899		133,542
*	Samkee Automotive Co., Ltd.		104,071		150,284
	Samkwang Glass Co., Ltd.		851		20,391
	Sammok S-Form Co., Ltd.		69,958		415,687
	SAMPYO Cement Co., Ltd.		418,908		1,209,562
	Samsung C&T Corp.		374,515		32,794,108
	Samsung Card Co., Ltd.		287,460		7,107,775
	Samsung Electronics Co., Ltd.		223,092		9,172,991
	Samsung Electronics Co., Ltd. 796050888, GDR		1,486		1,549,898
	Samsung Fire & Marine Insurance Co., Ltd.		120,085		18,833,202
*	Samsung Heavy Industries Co., Ltd.		2,856,490		10,040,958
	Samsung Life Insurance Co., Ltd.		480,729		19,495,829
	Samsung Securities Co., Ltd.		581,846		14,417,180
	SAMT Co., Ltd.		682,588		1,108,282
	Samyang Corp.		38,278		1,241,627
#	Samyang Holdings Corp.		42,441		1,744,645
	Samyang Tongsang Co., Ltd.		17,192		759,859
#	Sangsangin Co., Ltd.		73,576		474,095
	SAVEZONE I&C Corp.		83,806		157,794
*	SBS Media Holdings Co., Ltd.		394,438		620,874
	Seah Besteel Corp.		158,464		1,211,141
	SeAH Holdings Corp.		9,474		525,784
	SeAH Steel Corp.		18,860		615,551
	SeAH Steel Holdings Corp.		17,452		413,675
	Sebang Co., Ltd.		144,279		1,110,929
	Sebang Global Battery Co., Ltd.		85,820		2,037,052
	Sebo Manufacturing Engineer Corp.		37,002		156,631
	Sejong Industrial Co., Ltd.		145,492		502,148
#	Sekonix Co., Ltd.		133,734		525,208

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
	S-Energy Co., Ltd.		40,484	$	112,804
	Seohan Co., Ltd.		733,596		613,728
#	Seohee Construction Co., Ltd.		1,863,787		1,598,270
	Seoul Semiconductor Co., Ltd.		77,942		846,464
	SEOWONINTECH Co., Ltd.		6,241		27,759
	Seoyon Co., Ltd.		124,019		381,329
	Seoyon E-Hwa Co., Ltd.		111,920		322,391
	Sewon Precision Industry Co., Ltd.		1,457		3,628
*	SG&G Corp.		242,453		267,909
#	Shindaeyang Paper Co., Ltd.		26,191		1,313,095
	Shinhan Financial Group Co., Ltd.		3,401,930		86,247,600
#	Shinhan Financial Group Co., Ltd., ADR		1,387,194		35,401,191
#	Shinsegae Engineering & Construction Co., Ltd.		18,197		365,357
#	Shinsegae Food Co., Ltd.		2,444		121,767
	Shinsegae Information & Communication Co., Ltd.		4,044		375,885
#	Shinsegae, Inc.		90,013		19,527,778
# *	Shinsung Tongsang Co., Ltd.		172,621		157,977
	Shinwha Intertek Corp.		35,678		70,828
	Shinyoung Securities Co., Ltd.		47,932		1,811,265
*	Signetics Corp.		562,085		334,455
	Silla Co., Ltd.		63,401		531,706
#	SIMPAC, Inc.		175,387		333,213
	Sindoh Co., Ltd.		60,019		1,360,446
	SK Chemicals Co., Ltd.		28,205		1,794,634
	SK Discovery Co., Ltd.		145,383		3,014,158
	SK Gas, Ltd.		397		25,060
	SK Holdings Co., Ltd.		42,795		6,387,838
	SK Innovation Co., Ltd.		397,202		32,042,180
#	SK Networks Co., Ltd.		2,079,015		9,216,502
*	SK Rent A Car Co., Ltd.		11,382		86,498
	SK Securities Co., Ltd.		2,864,051		1,521,603
	SKC Co., Ltd.		256,029		10,447,058
	SL Corp.		152,026		1,661,116
	S-Oil Corp.		32,316		1,855,419
	Songwon Industrial Co., Ltd.		41,113		486,406
#	Spigen Korea Co., Ltd.		8,670		309,828
# *	Ssangyong Motor Co.		513,877		657,055
#	Sun Kwang Co., Ltd.		35,191		420,468
	Sung Kwang Bend Co., Ltd.		154,464		799,670
*	Sungchang Enterprise Holdings, Ltd.		293,641		370,533
	Sungdo Engineering & Construction Co., Ltd.		107,426		293,212
#	Sungshin Cement Co., Ltd.		229,484		1,488,050
	Sungwoo Hitech Co., Ltd.		693,706		1,677,902
	Sunjin Co., Ltd.		38,036		264,982
#	Tae Kyung Industrial Co., Ltd.		122,448		462,935
	Taekwang Industrial Co., Ltd.		5,053		3,318,940
*	Taewoong Co., Ltd.		108,558		515,577
	Taeyoung Engineering & Construction Co., Ltd.		509,974		6,042,530
*	Thinkware Systems Corp.		62,912		339,826
# *	TK Chemical Corp.		637,170		1,133,322
#	TK Corp.		118,108		700,030
	Tongyang Life Insurance Co., Ltd.		561,524		1,365,180
	Tongyang, Inc.		315,577		325,071
#	Top Engineering Co., Ltd.		163,654		1,222,515
	Tovis Co., Ltd.		172,792		1,009,057
#	TS Corp.		49,509		730,552
*	T’way Holdings, Inc.		57,579		65,711
#	UIL Co., Ltd.		74,875		260,307
	Uju Electronics Co., Ltd.		57,684		682,887

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
SOUTH KOREA — (Continued)
	Unid Co., Ltd.		66,025	$	2,343,467
*	Viatron Technologies, Inc.		2,049		12,131
#	Visang Education, Inc.		48,747		306,524
# *	WillBes & Co. (The)		562,674		689,573
	WiSoL Co., Ltd.		49,024		416,891
*	Wonik Holdings Co., Ltd.		411,984		1,282,869
	Wonik Materials Co., Ltd.		12,961		256,567
*	Woongjin Energy Co., Ltd.		118,888		16,722
*	Woori Financial Group, Inc., Sponsored ADR		1,312		27,106
	Woori Financial Group, Inc.		4,715,610		32,657,679
	Woorison F&G Co., Ltd.		83,461		145,728
#	WooSung Feed Co., Ltd.		213,826		555,003
	Y G-1 Co., Ltd.		226,429		914,198
*	YeaRimDang Publishing Co., Ltd.		151,457		312,367
	Yoosung Enterprise Co., Ltd.		182,835		379,716
	YooSung T&S Co., Ltd.		147,478		298,818
	Youlchon Chemical Co., Ltd.		18,152		224,996
#	Young Poong Corp.		4,163		1,787,658
	Young Poong Precision Corp.		105,748		584,571
	Youngone Corp.		123,827		2,776,053
	Youngone Holdings Co., Ltd.		26,091		881,145
*	Yuanta Securities Korea Co., Ltd.		1,092,048		2,314,663
	YuHwa Securities Co., Ltd.		130,435		247,079
	Zeus Co., Ltd.		76,892		605,092
TOTAL SOUTH KOREA					1,838,210,398
TAIWAN — (18.5%)
	Ability Enterprise Co., Ltd.		2,282,330		939,003
	AcBel Polytech, Inc.		603,000		418,646
#	Acer, Inc.		17,483,109		9,679,449
#	ACES Electronic Co., Ltd.		1,106,000		907,870
*	Acon Holding, Inc.		1,758,000		391,918
	Advanced International Multitech Co., Ltd.		444,000		489,444
*	Advanced Optoelectronic Technology, Inc.		500,000		284,596
# *	AGV Products Corp.		3,814,211		915,635
*	Airmate Cayman International Co., Ltd.		30,018		26,474
	Allis Electric Co., Ltd.		1,490,410		967,748
	Alpha Networks, Inc.		2,713,313		2,000,717
	Altek Corp.		2,360,365		1,531,394
#	Ambassador Hotel (The)		1,615,000		1,466,050
	AMPOC Far-East Co., Ltd.		900,000		874,767
*	AmTRAN Technology Co., Ltd.		7,861,956		2,019,023
#	Apacer Technology, Inc.		578,210		909,197
	APCB, Inc.		1,340,000		986,911
#	Apex International Co., Ltd.		1,675,263		3,137,308
*	Apex Science & Engineering		92,536		34,030
	Ardentec Corp.		2,956,058		2,590,404
#	Asia Cement Corp.		21,117,589		31,023,855
	Asia Electronic Material Co., Ltd.		92,000		42,681
*	Asia Pacific Telecom Co., Ltd.		5,141,204		1,180,648
*	Asia Plastic Recycling Holding, Ltd.		1,832,942		279,670
	Asia Polymer Corp.		3,505,830		2,016,134
	Asia Tech Image, Inc.		62,000		109,807
#	Asia Vital Components Co., Ltd.		2,743,984		3,711,670
	Asustek Computer, Inc.		4,317,000		29,181,358
	AU Optronics Corp., Sponsored ADR		4,842,954		12,397,965
#	AU Optronics Corp.		30,214,812		7,945,910
#	AU Optronics Corp.		0		0
	Audix Corp.		716,332		974,955

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
#	Avermedia Technologies		1,604,000	$	652,810
	AVY Precision Technology, Inc.		1,148,587		957,511
	Bank of Kaohsiung Co., Ltd.		4,732,897		1,514,591
	BES Engineering Corp.		12,955,443		3,085,601
	Bin Chuan Enterprise Co., Ltd.		226,000		183,043
# *	Biostar Microtech International Corp.		1,368,055		455,213
	Bright Led Electronics Corp.		829,000		415,747
*	Cameo Communications, Inc.		1,866,197		413,573
	Capital Securities Corp.		20,776,158		6,834,974
#	Career Technology MFG. Co., Ltd.		856,947		806,496
	Carnival Industrial Corp.		1,021,007		273,381
#	Casetek Holdings, Ltd.		1,909,933		2,982,752
	Catcher Technology Co., Ltd.		6,490,000		49,158,462
	Cathay Chemical Works		545,000		325,664
	Cathay Financial Holding Co., Ltd.		81,283,459		108,458,006
	Cathay Real Estate Development Co., Ltd.		6,344,694		4,198,771
	Celxpert Energy Corp.		419,000		396,742
	Central Reinsurance Co., Ltd.		1,270,366		781,858
*	Chain Chon Industrial Co., Ltd.		614,000		165,862
	ChainQui Construction Development Co., Ltd.		911,449		651,386
*	Champion Building Materials Co., Ltd.		2,427,828		402,584
	Chang Hwa Commercial Bank, Ltd.		49,839,443		32,591,346
#	Channel Well Technology Co., Ltd.		457,000		356,073
#	CHC Healthcare Group		801,000		964,502
	Chen Full International Co., Ltd.		266,000		307,671
#	Cheng Loong Corp.		8,308,659		5,911,704
*	Cheng Mei Materials Technology Corp.		2,484,000		585,904
	Cheng Uei Precision Industry Co., Ltd.		3,815,635		4,870,925
	Chenming Electronic Technology Corp.		455,000		192,640
	Chia Chang Co., Ltd.		963,000		1,064,406
	Chia Hsin Cement Corp.		4,021,191		2,311,543
	Chien Kuo Construction Co., Ltd.		1,559,797		523,110
#	Chilisin Electronics Corp.		1,650,000		5,802,246
	China Airlines, Ltd.		27,779,353		7,666,330
	China Bills Finance Corp.		3,514,000		1,726,886
	China Chemical & Pharmaceutical Co., Ltd.		2,699,264		1,917,068
	China Development Financial Holding Corp.		75,237,734		22,764,553
	China Electric Manufacturing Corp.		2,326,480		1,002,295
	China General Plastics Corp.		1,299,398		788,890
	China Glaze Co., Ltd.		873,799		260,970
*	China Life Insurance Co., Ltd.		19,587,245		13,374,575
	China Man-Made Fiber Corp.		15,504,899		3,368,909
	China Metal Products		3,590,969		3,033,524
#	China Motor Corp.		2,192,099		2,326,095
#	China Petrochemical Development Corp.		36,664,466		9,894,189
	China Steel Corp.		129,590,320		86,795,292
#	China Steel Structure Co., Ltd.		831,219		594,330
#	China Wire & Cable Co., Ltd.		908,600		843,433
	Chinese Maritime Transport, Ltd.		807,270		674,409
	Chin-Poon Industrial Co., Ltd.		3,610,815		3,099,707
	Chipbond Technology Corp.		1,912,000		3,599,345
	ChipMOS Techinologies, Inc.		4,450,085		4,548,703
	ChipMOS Technologies, Inc., ADR		34,935		698,695
	Chun YU Works & Co., Ltd.		2,014,000		1,169,643
	Chun Yuan Steel Industry Co., Ltd.		4,603,287		1,458,139
	Chung Hsin Electric & Machinery Manufacturing Corp.		3,440,250		2,909,032
	Chung Hung Steel Corp.		9,374,000		2,435,616
#	Chung Hwa Pulp Corp.		3,997,353		1,019,750
	Chung Shing Textile Co., Ltd.		600		0

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
	Chyang Sheng Dyeing & Finishing Co., Ltd.		167,000	$	63,998
	Clevo Co.		1,257,000		1,384,235
# *	CMC Magnetics Corp.		10,844,638		2,846,115
*	CoAsia Electronics Corp.		299,797		115,672
	Coland Holdings, Ltd.		116,000		80,736
	Collins Co., Ltd.		1,063,224		379,054
	Compal Electronics, Inc.		42,449,332		27,061,174
#	Compeq Manufacturing Co., Ltd.		8,521,000		11,271,523
	Compucase Enterprise		14,000		12,472
*	Concord Securities Co., Ltd.		2,070,993		484,608
	Continental Holdings Corp.		3,871,540		1,432,394
	Contrel Technology Co., Ltd.		1,203,000		593,809
	Coretronic Corp.		4,756,800		5,068,547
	Coxon Precise Industrial Co., Ltd.		887,000		362,308
	Creative Sensor, Inc.		529,000		325,102
	CTBC Financial Holding Co., Ltd.		159,147,073		106,054,413
	CviLux Corp.		101,000		80,732
	CyberTAN Technology, Inc.		799,000		396,734
	DA CIN Construction Co., Ltd.		2,421,579		1,740,488
*	Danen Technology Corp.		264,931		36,183
	Darfon Electronics Corp.		240,000		298,139
	Darwin Precisions Corp.		3,803,635		1,489,023
	Delpha Construction Co., Ltd.		668,015		401,691
	Depo Auto Parts Ind Co., Ltd.		501,000		784,799
	Der Pao Construction Co., Ltd.		2,158,544		0
	Dimerco Express Corp.		156,000		130,138
#	D-Link Corp.		5,550,552		2,255,440
# *	Dynamic Electronics Co., Ltd.		2,288,324		1,463,136
	Dynapack International Technology Corp.		1,164,000		2,771,155
	E Ink Holdings, Inc.		50,000		51,551
	E.Sun Financial Holding Co., Ltd.		97,334,130		88,436,832
*	Edimax Technology Co., Ltd.		1,615,902		471,505
#	Edison Opto Corp.		957,000		406,947
	Edom Technology Co., Ltd.		983,046		542,317
	Elite Semiconductor Memory Technology, Inc.		1,277,000		1,743,602
*	Elitegroup Computer Systems Co., Ltd.		3,085,395		1,124,195
*	ENG Electric Co., Ltd.		239,997		5,842
	EnTie Commercial Bank Co., Ltd.		2,417,232		1,186,323
#	Epistar Corp.		10,307,869		13,123,276
#	Eson Precision Ind. Co., Ltd.		865,000		858,400
	Eternal Materials Co., Ltd.		1,775,513		1,591,989
	Eva Airways Corp.		28,372,355		10,911,426
# *	Everest Textile Co., Ltd.		3,998,125		1,013,084
	Evergreen International Storage & Transport Corp.		5,808,000		2,568,412
*	Evergreen Marine Corp. Taiwan, Ltd.		27,320,145		10,112,831
	Everlight Chemical Industrial Corp.		680,950		320,866
	Everlight Electronics Co., Ltd.		3,503,000		3,799,260
	Excellence Opto, Inc.		96,000		61,198
	Excelsior Medical Co., Ltd.		1,114,527		2,012,523
	EZconn Corp.		194,250		235,874
	Far Eastern Department Stores, Ltd.		10,673,445		8,251,341
	Far Eastern International Bank.		26,376,177		9,387,313
	Far Eastern New Century Corp.		30,628,528		26,596,793
#	Farglory F T Z Investment Holding Co., Ltd.		1,198,648		889,729
	Farglory Land Development Co., Ltd.		3,095,264		4,441,989
*	Federal Corp.		3,567,160		1,957,266
*	First Copper Technology Co., Ltd.		1,241,750		312,003
	First Financial Holding Co., Ltd.		81,659,283		60,139,848
	First Hotel		1,470,857		648,363

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
	First Insurance Co., Ltd. (The)		2,492,064	$	1,178,220
#	First Steamship Co., Ltd.		4,876,360		1,674,662
	FIT Holding Co., Ltd.		185,150		81,762
#	FLEXium Interconnect, Inc.		200,000		719,798
#	FocalTech Systems Co., Ltd.		769,000		826,280
	Forest Water Environment Engineering Co., Ltd.		20,000		28,372
	Formosa Advanced Technologies Co., Ltd.		1,623,000		2,035,143
	Formosa Chemicals & Fibre Corp.		659,000		1,669,262
#	Formosa Laboratories, Inc.		825,478		1,383,678
#	Formosa Taffeta Co., Ltd.		5,601,511		6,386,933
	Formosan Rubber Group, Inc.		2,397,957		1,442,684
	Formosan Union Chemical		2,941,843		1,250,298
	Founding Construction & Development Co., Ltd.		1,979,418		1,036,763
	Foxconn Technology Co., Ltd.		6,285,142		12,068,049
#	Froch Enterprise Co., Ltd.		1,708,734		600,006
	FSP Technology, Inc.		1,220,292		993,239
	Fubon Financial Holding Co., Ltd.		62,771,471		88,757,553
	Fullerton Technology Co., Ltd.		886,200		549,352
#	Fulltech Fiber Glass Corp.		3,552,216		1,263,805
	Fwusow Industry Co., Ltd.		1,402,043		879,937
	G Shank Enterprise Co., Ltd.		1,447,902		986,610
# *	Gemtek Technology Corp.		3,178,962		2,201,559
	General Interface Solution Holding, Ltd.		769,000		2,442,886
	Getac Technology Corp.		692,065		1,031,248
# *	Giantplus Technology Co., Ltd.		2,715,100		857,090
	Gigabyte Technology Co., Ltd.		2,852,287		4,939,068
*	Gigastorage Corp.		2,213,433		738,470
#	Global Brands Manufacture, Ltd.		2,851,951		1,352,248
	Globe Union Industrial Corp.		2,084,625		921,063
#	Gloria Material Technology Corp.		4,757,116		2,567,061
*	Gold Circuit Electronics, Ltd.		4,617,965		5,075,213
	Goldsun Building Materials Co., Ltd.		10,502,261		4,820,578
	Good Will Instrument Co., Ltd.		172,746		138,011
	Grand Fortune Securities Co., Ltd.		625,000		171,012
	Grand Ocean Retail Group, Ltd.		861,000		701,006
*	Grand Pacific Petrochemical		10,038,000		5,029,249
	Great China Metal Industry		967,000		688,522
	Great Wall Enterprise Co., Ltd.		5,278,169		7,302,693
*	Green Energy Technology, Inc.		1,424,880		2,875
	GTM Holdings Corp.		1,155,900		806,265
	Hannstar Board Corp.		3,153,547		4,189,040
#	HannStar Display Corp.		24,846,435		5,205,458
*	HannsTouch Solution, Inc.		3,723,001		1,380,801
	Hanpin Electron Co., Ltd.		286,000		273,835
#	Harvatek Corp.		1,315,553		525,784
#	Hey Song Corp.		2,788,500		3,027,492
	Highwealth Construction Corp.		1,051,000		1,533,629
	Hiroca Holdings, Ltd.		621,000		1,157,299
#	Hitron Technology, Inc.		882,098		588,778
#	Ho Tung Chemical Corp.		8,773,475		2,178,503
	Hocheng Corp.		2,192,300		545,304
	Hold-Key Electric Wire & Cable Co., Ltd.		34,124		8,793
	Hon Hai Precision Industry Co., Ltd.		74,465,192		191,373,044
	Hong Pu Real Estate Development Co., Ltd.		1,880,655		1,381,123
#	Hong TAI Electric Industrial		1,803,000		636,643
	Hong YI Fiber Industry Co.		870,000		504,661
*	Horizon Securities Co., Ltd.		2,856,000		571,373
#	Hsin Kuang Steel Co., Ltd.		1,051,124		839,080
	Hsing TA Cement Co.		1,316,614		776,757

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
#	HTC Corp.		5,252,000	$	5,244,817
*	HUA ENG Wire & Cable Co., Ltd.		2,872,035		932,132
	Hua Nan Financial Holdings Co., Ltd.		57,669,896		37,461,299
	Huaku Development Co., Ltd.		793,000		2,412,743
	Huang Hsiang Construction Corp.		871,000		976,835
	Hung Ching Development & Construction Co., Ltd.		1,370,468		932,662
	Hung Sheng Construction, Ltd.		4,597,336		2,724,418
	Huxen Corp.		250,281		441,309
	Hwacom Systems, Inc.		270,000		129,846
	IBF Financial Holdings Co., Ltd.		27,518,350		10,082,910
	Ichia Technologies, Inc.		2,385,260		1,070,879
# *	I-Chiun Precision Industry Co., Ltd.		1,533,000		384,124
	IEI Integration Corp.		30,200		35,542
	Infortrend Technology, Inc.		1,013,000		397,986
#	Innolux Corp.		51,191,544		11,119,014
	Inpaq Technology Co., Ltd.		280,250		296,369
*	Integrated Service Technology, Inc.		115,570		174,828
	International CSRC Investment Holdings Co.		7,271,166		5,125,194
	Inventec Corp.		22,978,277		18,054,587
	ITE Technology, Inc.		1,417,479		2,228,030
#	Jarllytec Co., Ltd.		614,000		1,447,880
#	Jean Co., Ltd.		302,000		82,447
	Jess-Link Products Co., Ltd.		988,500		1,033,619
	Jih Sun Financial Holdings Co., Ltd.		11,507,456		3,633,975
	Jinli Group Holdings, Ltd.		1,115,532		279,888
#	K Laser Technology, Inc.		1,341,601		636,727
	Kaulin Manufacturing Co., Ltd.		1,017,656		436,049
	KEE TAI Properties Co., Ltd.		1,804,000		590,037
#	Kenmec Mechanical Engineering Co., Ltd.		1,594,000		816,762
#	Kindom Development Co., Ltd.		3,451,000		3,017,204
	King Chou Marine Technology Co., Ltd.		243,100		247,851
#	King Yuan Electronics Co., Ltd.		11,185,805		13,408,210
	King’s Town Bank Co., Ltd.		9,406,012		10,054,132
# *	King’s Town Construction Co., Ltd.		426,380		484,493
# *	Kinko Optical Co., Ltd.		835,000		640,571
#	Kinpo Electronics		13,245,375		5,745,051
#	Kinsus Interconnect Technology Corp.		2,700,000		4,723,040
# *	Kung Sing Engineering Corp.		3,508,614		1,071,106
	Kuo Toong International Co., Ltd.		1,303,808		753,303
	Kuoyang Construction Co., Ltd.		3,018,811		2,601,287
	Kwong Fong Industries Corp.		604,649		219,279
	Kwong Lung Enterprise Co., Ltd.		153,000		210,026
	KYE Systems Corp.		1,844,909		499,145
#	L&K Engineering Co., Ltd.		1,407,000		1,203,161
*	LAN FA Textile		1,772,713		409,975
	Leader Electronics, Inc.		347,056		74,822
#	Lealea Enterprise Co., Ltd.		7,058,941		1,684,254
	LEE CHI Enterprises Co., Ltd.		1,414,900		352,071
*	Leofoo Development Co., Ltd.		1,275,849		469,620
*	LES Enphants Co., Ltd.		615,000		126,584
#	Lextar Electronics Corp.		2,771,000		1,620,952
	Li Peng Enterprise Co., Ltd.		5,511,381		1,126,481
	Lida Holdings, Ltd.		316,680		339,585
	Lien Hwa Industrial Holdings Corp.		3,354,768		4,832,536
#	Lingsen Precision Industries, Ltd.		3,345,480		1,111,679
	Lite-On Semiconductor Corp.		2,650,729		3,672,221
	Lite-On Technology Corp.		21,413,738		33,275,856
	Long Bon International Co., Ltd.		1,264,880		601,854
	Longchen Paper & Packaging Co., Ltd.		8,036,807		3,579,776

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
*	Lucky Cement Corp.		1,567,000	$	394,486
#	Macronix International		16,031,605		19,126,817
	Materials Analysis Technology, Inc.		37,000		93,340
	Mayer Steel Pipe Corp.		1,303,456		775,403
#	Maywufa Co., Ltd.		182,070		79,579
	Mega Financial Holding Co., Ltd.		73,522,796		73,958,714
	Mercuries & Associates Holding, Ltd.		3,510,514		2,579,884
*	Mercuries Life Insurance Co., Ltd.		10,696,999		3,436,697
*	MIN AIK Technology Co., Ltd.		1,234,600		521,047
	Mitac Holdings Corp.		3,991,859		4,059,210
*	Motech Industries, Inc.		2,735,658		495,576
	MPI Corp.		378,000		833,998
	Nan Ren Lake Leisure Amusement Co., Ltd.		1,501,000		445,861
#	Nan Ya Printed Circuit Board Corp.		2,145,000		5,080,141
	Nanya Technology Corp.		9,485,000		20,360,325
*	New Asia Construction & Development Corp.		1,060,304		166,862
	New Era Electronics Co., Ltd.		168,000		82,933
	Nien Hsing Textile Co., Ltd.		1,146,061		611,798
	Nishoku Technology, Inc.		264,000		525,017
*	O-Bank Co., Ltd.		1,286,000		313,010
	OptoTech Corp.		2,537,828		1,820,864
# *	Orient Semiconductor Electronics, Ltd.		1,705,670		698,584
	Pacific Construction Co.		2,487,452		757,675
#	Pan Jit International, Inc.		1,211,100		985,737
	Pan-International Industrial Corp.		4,357,444		2,763,220
*	Paragon Technologies Co., Ltd.		255,191		246,773
	Pegatron Corp.		21,057,998		46,199,287
*	Phihong Technology Co., Ltd.		2,782,882		681,715
	Plastron Precision Co., Ltd.		38,156		18,958
#	Plotech Co., Ltd.		640,000		394,141
	Pou Chen Corp.		21,713,550		20,447,520
	President Securities Corp.		8,907,324		4,002,605
	Prince Housing & Development Corp.		7,885,018		2,671,177
	Prodisc Technology, Inc.		6,185,157		0
	Promate Electronic Co., Ltd.		123,000		136,609
*	Promise Technology, Inc.		813,000		137,353
	Qisda Corp.		15,566,171		8,776,478
	Qualipoly Chemical Corp.		290,593		254,745
#	Quintain Steel Co., Ltd.		1,655,473		354,579
#	Radiant Opto-Electronics Corp.		845,000		2,773,288
	Radium Life Tech Co., Ltd.		9,287,226		3,272,357
	Rich Development Co., Ltd.		5,554,054		1,732,033
*	Ritek Corp.		13,080,095		2,191,650
# *	Rotam Global Agrosciences, Ltd.		300,693		146,169
	Ruentex Development Co., Ltd.		3,861,320		5,746,845
	Ruentex Industries, Ltd.		2,312,600		5,296,511
	Sampo Corp.		2,905,340		1,874,064
	San Fang Chemical Industry Co., Ltd.		23,000		18,251
#	San Far Property, Ltd.		1,818,876		1,007,095
	Sanyang Motor Co., Ltd.		2,660,624		1,760,335
	Sesoda Corp.		1,694,098		1,379,046
	Shan-Loong Transportation Co., Ltd.		563,000		556,249
	Sharehope Medicine Co., Ltd.		112,770		174,160
	Sheng Yu Steel Co., Ltd.		1,083,000		587,289
#	ShenMao Technology, Inc.		729,000		473,622
	Shih Her Technologies, Inc.		411,000		534,262
*	Shih Wei Navigation Co., Ltd.		2,342,577		459,213
#	Shihlin Electric & Engineering Corp.		4,113,000		5,830,897
#	Shin Kong Financial Holding Co., Ltd.		71,913,996		20,472,990

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
	Shin Zu Shing Co., Ltd.		1,442,000	$	6,327,551
*	Shining Building Business Co., Ltd.		1,300,368		393,560
	Shinkong Insurance Co., Ltd.		2,210,412		2,729,984
#	Shinkong Synthetic Fibers Corp.		13,155,754		4,830,762
*	Shuttle, Inc.		2,935,015		991,425
#	Sigurd Microelectronics Corp.		5,234,231		6,373,337
# *	Silicon Integrated Systems Corp.		3,913,808		1,505,059
	Silitech Technology Corp.		49,878		47,698
	Sincere Navigation Corp.		3,245,242		1,604,650
	Sinher Technology, Inc.		273,000		358,463
	Sinon Corp.		4,462,877		2,818,965
	SinoPac Financial Holdings Co., Ltd.		85,802,595		34,922,881
	Sinphar Pharmaceutical Co., Ltd.		70,000		45,700
	Sirtec International Co., Ltd.		672,200		647,662
	Siward Crystal Technology Co., Ltd.		1,542,875		1,035,235
*	Solar Applied Materials Technology Co.		1,697,919		1,099,391
	Solomon Technology Corp.		488,000		309,356
	Solteam, Inc.		39,390		31,959
	Southeast Cement Co., Ltd.		2,072,700		1,116,234
	Spirox Corp.		475,563		448,007
	Sunplus Technology Co., Ltd.		4,517,620		1,595,703
#	Sunrex Technology Corp.		1,191,108		1,320,083
#	Sunspring Metal Corp.		680,000		489,071
	Supreme Electronics Co., Ltd.		3,446,441		3,870,765
	Sweeten Real Estate Development Co., Ltd.		1,362,217		925,250
	Synnex Technology International Corp.		7,385,550		9,856,696
	T3EX Global Holdings Corp.		328,499		240,706
	Ta Ya Electric Wire & Cable		5,052,262		1,660,162
#	Tah Hsin Industrial Corp.		970,900		1,597,228
#	TA-I Technology Co., Ltd.		133,500		355,764
# *	Tai Tung Communication Co., Ltd.		451,000		246,569
	Taichung Commercial Bank Co., Ltd.		26,904,492		10,305,379
	Taiflex Scientific Co., Ltd.		1,999,960		3,108,550
#	Tainan Enterprises Co., Ltd.		885,183		615,364
#	Tainan Spinning Co., Ltd.		12,067,485		3,695,960
*	Tainergy Tech Co., Ltd.		338,855		169,424
#	Tai-Saw Technology Co., Ltd.		158,000		112,482
	Taishin Financial Holding Co., Ltd.		83,919,718		35,693,778
	Taisun Enterprise Co., Ltd.		178,423		140,292
	Taita Chemical Co., Ltd.		1,931,581		635,914
	Taiwan Business Bank		43,270,402		15,674,649
#	Taiwan Cement Corp.		66,265,095		95,605,638
	Taiwan Chinsan Electronic Industrial Co., Ltd.		320,000		341,461
	Taiwan Cooperative Financial Holding Co., Ltd.		54,994,886		36,929,778
	Taiwan Fertilizer Co., Ltd.		5,241,000		8,077,138
	Taiwan Fire & Marine Insurance Co., Ltd.		1,545,000		1,025,576
#	Taiwan FU Hsing Industrial Co., Ltd.		648,000		868,119
	Taiwan Glass Industry Corp.		12,277,982		3,691,723
	Taiwan Hon Chuan Enterprise Co., Ltd.		1,317,932		2,401,010
	Taiwan Hopax Chemicals Manufacturing Co., Ltd.		1,663,000		993,794
	Taiwan Kolin Co., Ltd.		5,797,000		0
*	Taiwan Land Development Corp.		6,049,322		1,401,404
	Taiwan Navigation Co., Ltd.		1,935,000		1,040,447
#	Taiwan PCB Techvest Co., Ltd.		2,737,946		3,086,173
	Taiwan Pulp & Paper Corp.		2,351,660		1,628,022
	Taiwan Shin Kong Security Co., Ltd.		39,000		47,444
#	Taiwan Surface Mounting Technology Corp.		2,335,991		7,007,046
	Taiwan TEA Corp.		6,941,092		3,323,267
	Taiyen Biotech Co., Ltd.		926,217		966,988

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
# *	Tatung Co., Ltd.		3,510,000	$	2,522,107
	Te Chang Construction Co., Ltd.		16,260		15,907
	Teco Electric and Machinery Co., Ltd.		12,562,725		11,304,635
	Tera Autotech Corp.		23,000		17,297
	Test-Rite International Co., Ltd.		1,473,266		949,150
*	Tex-Ray Industrial Co., Ltd.		318,000		114,743
	Thye Ming Industrial Co., Ltd.		26,000		26,653
	Ton Yi Industrial Corp.		3,768,600		1,157,250
	Tong Yang Industry Co., Ltd.		2,384,000		2,849,276
	Tong-Tai Machine & Tool Co., Ltd.		2,091,447		927,696
	Topco Technologies Corp.		6,000		13,228
#	Topoint Technology Co., Ltd.		1,329,459		865,442
*	TPK Holding Co., Ltd.		3,432,000		4,801,092
	Tripod Technology Corp.		2,604,000		9,200,967
	Tsann Kuen Enterprise Co., Ltd.		215,000		114,900
*	TSEC Corp.		1,323,036		246,055
	TSRC Corp.		113,000		61,368
	Tung Ho Steel Enterprise Corp.		9,383,274		7,244,913
	TXC Corp.		1,802,000		3,883,974
	TYC Brother Industrial Co., Ltd.		1,656,723		1,336,228
*	Tycoons Group Enterprise		3,688,337		511,345
#	Tyntek Corp.		2,234,097		952,965
	UDE Corp.		353,000		240,642
	U-Ming Marine Transport Corp.		2,911,000		2,878,513
#	Unimicron Technology Corp.		12,118,363		17,163,500
*	Union Bank Of Taiwan		13,597,959		4,866,948
	Unitech Computer Co., Ltd.		958,739		747,124
#	Unitech Printed Circuit Board Corp.		5,390,466		4,061,951
#	United Microelectronics Corp.		119,503,681		61,827,025
*	United Renewable Energy Co., Ltd.		17,496,072		3,068,815
*	Unity Opto Technology Co., Ltd.		2,993,000		414,681
	Univacco Technology, Inc.		46,000		36,612
	Universal Cement Corp.		4,411,583		2,599,699
# *	Unizyx Holding Corp.		1,586,000		833,000
	UPC Technology Corp.		9,848,598		3,297,238
	USI Corp.		8,304,827		3,453,890
*	Usun Technology Co., Ltd.		128,100		94,233
	Ve Wong Corp.		1,331,806		1,240,341
	Victory New Materials, Ltd. Co.		1,285,687		433,621
	Wah Hong Industrial Corp.		531,516		420,437
	Wah Lee Industrial Corp.		1,826,000		3,318,881
#	Walsin Lihwa Corp.		19,042,412		8,355,280
	Walton Advanced Engineering, Inc.		2,700,853		944,793
	Wan Hai Lines, Ltd.		6,440,000		3,629,511
	Wei Mon Industry Co., Ltd.		3,885,691		0
	Weikeng Industrial Co., Ltd.		2,856,490		1,428,443
	Well Shin Technology Co., Ltd.		810,080		1,214,763
*	Wha Yu Industrial Co., Ltd.		238,000		110,684
	Winbond Electronics Corp.		28,966,572		13,441,245
	Winstek Semiconductor Co., Ltd.		247,000		197,517
*	Wintek Corp.		20,783,484		239,800
	Wisdom Marine Lines Co., Ltd.		3,522,953		2,962,864
	Wistron Corp.		29,887,343		28,026,603
	WPG Holdings, Ltd.		10,420,284		13,574,266
	WT Microelectronics Co., Ltd.		3,361,751		4,327,007
#	WUS Printed Circuit Co., Ltd.		1,522,965		1,551,512
*	Yang Ming Marine Transport Corp.		11,497,759		2,604,263
	YC INOX Co., Ltd.		3,795,833		3,031,352
	YCC Parts Manufacturing Co., Ltd.		10,000		13,700

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
TAIWAN — (Continued)
	Yea Shin International Development Co., Ltd.		1,229,825	$	617,006
#	Yem Chio Co., Ltd.		4,362,371		1,621,073
*	Yeong Guan Energy Technology Group Co., Ltd.		725,000		1,495,534
	YFC-Boneagle Electric Co., Ltd.		34,000		20,621
#	YFY, Inc.		14,267,847		6,101,300
	Yi Jinn Industrial Co., Ltd.		2,073,142		817,037
	Yieh Phui Enterprise Co., Ltd.		12,693,265		3,791,476
	Young Fast Optoelectronics Co., Ltd.		839,000		545,089
#	Youngtek Electronics Corp.		1,201,047		2,030,745
	Yuanta Financial Holding Co., Ltd.		102,197,918		58,250,658
#	Yulon Motor Co., Ltd.		9,922,572		5,746,292
	Yung Chi Paint & Varnish Manufacturing Co., Ltd.		208,687		480,774
	Zenitron Corp.		1,820,000		1,139,614
#	Zero One Technology Co., Ltd.		604,000		669,270
	Zhen Ding Technology Holding, Ltd.		3,635,000		13,043,534
#	Zig Sheng Industrial Co., Ltd.		3,946,352		1,012,779
	Zinwell Corp.		701,000		372,943
	ZongTai Real Estate Development Co., Ltd.		1,327,159		1,438,377
TOTAL TAIWAN					2,505,144,188
THAILAND — (2.5%)
	AAPICO Hitech PCL		226,500		64,054
	AAPICO Hitech PCL		816,861		231,008
	AJ Plast PCL		1,465,000		430,150
	Amata Corp. PCL		1,549,400		612,960
	Ananda Development PCL		5,845,600		298,107
	AP Thailand PCL		20,600,930		3,215,413
*	Asia Aviation PCL		4,545,600		262,719
*	Asia Aviation PCL		405,600		23,442
	Asia Plus Group Holdings PCL		6,868,900		365,152
	Bangchak Corp. PCL		6,810,700		3,894,234
	Bangkok Airways PCL		4,493,000		819,308
	Bangkok Bank PCL		2,241,353		7,204,473
	Bangkok Insurance PCL		215,128		1,575,810
	Bangkok Land PCL		88,313,196		2,920,572
	Bangkok Life Assurance PCL		1,180,900		565,722
*	Bangkok Ranch PCL		3,615,300		236,886
	Bank of Ayudhya PCL		63,700		42,526
	Banpu PCL		37,660,850		6,809,333
	Better World Green PCL		4,257,100		52,630
	Cal-Comp Electronics Thailand PCL, Class F		23,580,214		1,056,755
	Charoen Pokphand Foods PCL		27,695,800		23,111,933
	Charoong Thai Wire & Cable PCL, Class F		1,134,900		177,136
	Esso Thailand PCL		9,313,400		1,554,392
	GFPT PCL		4,052,100		1,427,722	��
	Global Green Chemicals PCL, Class F		340,900		86,397
	Hana Microelectronics PCL		5,212,300		4,671,819
	ICC International PCL		2,384,400		2,579,323
	Ichitan Group PCL		1,234,400		223,188
	Indorama Ventures PCL		3,657,400		3,249,892
	IRPC PCL		62,616,500		5,186,593
	Italian-Thai Development PCL		24,479,900		1,028,981
	Kasikornbank PCL		9,993,101		26,639,004
*	KGI Securities Thailand PCL		5,542,400		661,217
	Khon Kaen Sugar Industry PCL		10,656,207		645,531
	Kiatnakin Bank PCL		1,796,900		2,346,439
	Krung Thai Bank PCL		23,092,100		7,850,814
	Lalin Property PCL		204,200		25,876
	LH Financial Group PCL		17,324,546		530,097

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
THAILAND — (Continued)
	LPN Development PCL		11,686,302	$	1,293,060
*	MCOT PCL		552,300		103,274
	Millcon Steel PCL		5,155,313		84,448
	Minor International PCL		917,800		598,534
	Nawarat Patanakarn PCL		516,500		7,184
	Origin Property PCL, Class F		568,500		79,771
*	Padaeng Industry PCL		336,900		46,649
	Polyplex Thailand PCL		3,381,625		1,463,228
	Power Solution Technologies PCL, Class F		9,043,700		97,830
*	Precious Shipping PCL		8,171,350		969,803
	Property Perfect PCL		38,337,000		414,710
	Pruksa Holding PCL		5,899,400		1,987,435
	PTT Exploration & Production PCL		10,072,500		26,305,865
	PTT Global Chemical PCL		11,631,341		13,570,797
	PTT PCL		84,157,300		92,337,634
	Quality Houses PCL		30,671,497		1,971,773
*	Regional Container Lines PCL		3,498,400		324,376
	Rojana Industrial Park PCL		9,398,273		1,219,989
	Saha Pathana Inter-Holding PCL		2,528,700		4,591,597
	Saha Pathanapibul PCL		1,416,533		2,232,829
*	Sahakol Equipment PCL		1,782,300		88,137
	Saha-Union PCL		2,180,500		2,476,692
*	Sahaviriya Steel Industries PCL		3,132,437		26,140
	Samart Telcoms PCL		113,900		20,418
	Sansiri PCL		47,327,466		1,038,557
	SC Asset Corp. PCL		18,558,653		1,147,189
	SCG Ceramics PCL		456,027		14,940
	Sena Development PCL		1,331,366		92,173
	Siam City Cement PCL		4,600		16,990
	Siam Commercial Bank PCL (The)		6,032,000		12,770,576
	Siam Future Development PCL		7,069,295		1,026,910
	Singha Estate PCL		547,000		28,233
	Somboon Advance Technology PCL		2,285,600		805,311
	SPCG PCL		104,900		56,414
	Sri Trang Agro-Industry PCL		8,398,540		3,374,471
	Srithai Superware PCL		15,076,100		293,554
	Star Petroleum Refining PCL		14,326,700		2,590,363
	STP & I PCL		5,380,400		831,463
	Supalai PCL		10,524,500		4,846,702
	Super Energy Corp. PCL		114,997,600		2,061,462
	Susco PCL		126,100		8,185
	SVI PCL		228,800		17,396
	Syntec Construction PCL		5,229,800		219,828
*	Tata Steel Thailand PCL		35,263,200		359,662
*	Thai Airways International PCL		6,464,111		1,468,435
	Thai Oil PCL		6,292,600		7,973,933
	Thai Rayon PCL		58,700		40,095
	Thai Stanley Electric PCL		41,000		162,201
	Thai Stanley Electric PCL, Class F		177,900		703,792
	Thai Wacoal PCL		81,200		115,444
	Thaicom PCL		4,310,300		506,232
	Thanachart Capital PCL		3,649,400		4,145,123
	Thitikorn PCL		1,800,500		495,270
	Thoresen Thai Agencies PCL		6,833,078		629,349
	TMB Bank PCL		149,555,109		4,437,426
	TPI Polene PCL		50,759,040		1,882,579
	TPI Polene Power PCL		1,187,900		143,921
	True Corp. PCL		104,505,000		10,788,030
	Unique Engineering & Construction PCL		413,600		78,617

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
THAILAND — (Continued)
	Univentures PCL		7,080,400	$	717,778
	Vinythai PCL		2,358,217		1,654,506
	Workpoint Entertainment PCL		303,200		95,585
TOTAL THAILAND.					332,628,476
TURKEY — (0.7%)
# *	Akbank T.A.S		16,076,385		13,571,687
# *	Albaraka Turk Katilim Bankasi A.S		6,494,829		1,181,559
	Anadolu Anonim Turk Sigorta Sirketi		2,740,994		1,982,861
#	Anadolu Cam Sanayii A.S		2,077,462		1,225,412
	Anadolu Efes Biracilik Ve Malt Sanayii A.S		287,391		753,929
# *	Bera Holding A.S		1,459,263		808,277
#	Borusan Mannesmann Boru Sanayi ve Ticaret A.S		425,510		583,729
*	Cimsa Cimento Sanayi VE Ticaret A.S		487,312		542,154
#	Dogan Sirketler Grubu Holding A.S		1,950,090		502,687
	EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S		1,677,567		1,144,682
	Enka Insaat ve Sanayi A.S		3,760,505		3,257,764
*	Gozde Girisim Sermayesi Yatirim Ortakligi A.S		1,478,071		821,338
# *	GSD Holding A.S		977,949		207,520
#	Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S., Class A		772,428		249,561
#	Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S., Class D		9,790,139		3,083,844
	Raks Elektronik Sanayi ve Ticaret A.S		5,859		0
	Selcuk Ecza Deposu Ticaret ve Sanayi A.S		1,430,216		1,558,225
#	Trakya Cam Sanayii A.S		4,910,448		2,271,430
# *	Turk Hava Yollari AO.		6,490,946		9,930,997
# *	Turkiye Garanti Bankasi A.S		17,800,101		21,252,085
# *	Turkiye Halk Bankasi A.S		3,642,964		2,712,012
# *	Turkiye Is Bankasi A.S., Class C		9,560,380		6,786,513
# *	Turkiye Sinai Kalkinma Bankasi A.S		17,366,814		2,561,945
#	Turkiye Sise ve Cam Fabrikalari A.S		3,832,565		2,662,414
*	Turkiye Vakiflar Bankasi TAO, Class D		6,296,337		4,084,182
*	Yapi ve Kredi Bankasi A.S		18,301,892		5,509,879
TOTAL TURKEY					89,246,686
UNITED ARAB EMIRATES — (0.0%)
	Abu Dhabi Commercial Bank PJSC		23,013		27,658
TOTAL COMMON STOCKS					13,159,020,988
PREFERRED STOCKS — (0.6%)
BRAZIL — (0.6%)
	Banco ABC Brasil SA		1,035,953		2,722,332
	Banco Bradesco SA		973,901		3,429,670
	Banco do Estado do Rio Grande do Sul SA, Class B		2,445,668		5,639,801
	Cia Ferro Ligas da Bahia - FERBASA		484,938		1,502,640
	Eucatex SA Industria e Comercio		262,828		231,997
	Gerdau SA		494,320		1,067,198
	Grazziotin SA		6,400		29,388
	Marcopolo SA		3,087,243		1,623,699
	Petroleo Brasileiro SA BRPETRACNPR6		17,625,950		58,505,746
	Schulz SA		118,480		180,839
	Unipar Carbocloro SA		371,049		1,596,671
	Usinas Siderurgicas de Minas Gerais SA, Class A		318,971		281,554
TOTAL BRAZIL					76,811,535
COLOMBIA — (0.0%)
	Avianca Holdings SA		1,662,764		211,258

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

		Shares		Value»
COLOMBIA — (Continued)
	Grupo Argos SA		374,078	$	765,353
	Grupo de Inversiones Suramericana SA		997,447		4,756,706
TOTAL COLOMBIA					5,733,317
TOTAL PREFERRED STOCKS					82,544,852
RIGHTS/WARRANTS — (0.0%)
CHINA — (0.0%)
*	Legend Holdings Corp. Rights 05/23/19		65,061		0
INDIA — (0.0%)
*	Arvind Fashions, Ltd. Rights 04/17/20		125,733		0
TAIWAN — (0.0%)
*	Hannstar Board Corp. Rights 05/18/20		189,941		25,550
*	Shin kong Financial Holdings Co., Ltd. Rights 05/06/20		1,792,030		44,595
*	YFC Boneagle Electric Co., Ltd Rights 03/04/20		2,047		14
TOTAL TAIWAN					70,159
TOTAL RIGHTS/WARRANTS					70,159
TOTAL INVESTMENT SECURITIES (Cost $15,417,418,290)					13,241,635,999
					Value†
SECURITIES LENDING COLLATERAL — (2.2%)
@ §	The DFA Short Term Investment Fund		26,129,631		302,345,960
TOTAL INVESTMENTS — (100.0%) (Cost $15,719,681,827)				$	13,543,981,959

ADR	American Depositary Receipt
CP	Certificate Participation
GDR	Global Depositary Receipt
P.L.C.	Public Limited Company
SA	Special Assessment
1	Computed using average shares outstanding.
»	Securities that have generally been fair value factored. See Note B to Financial Statements.
*	Non-Income Producing Securities.
#	Total or Partial Securities on Loan.
†	See Note B to Financial Statements.
@	Security purchased with cash collateral received from Securities on Loan.
§	Affiliated Fund.

As of April 30, 2020, 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:
MSCI Emerging Markets Index.		650		06/19/20	$	27,070,721	$	29,441,750	$	2,371,029
S&P 500® Emini Index.		495		06/19/20		67,160,442		71,834,400		4,673,958
Total Futures Contracts.					$	94,231,163	$	101,276,150	$	7,044,987

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

Summary of the Fund’s investments as of April 30, 2020, 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
Belgium		—	$	19,230		—	$	19,230
Brazil	$	612,152,262		—		— ��		612,152,262
Canada		5,632,815		—		—		5,632,815
Chile		136,227,454		—		—		136,227,454
China		311,933,368		3,661,623,927		—		3,973,557,295
Colombia		13,878,602		—		—		13,878,602
Czech Republic		—		27,147,010		—		27,147,010
Greece		—		16,210,827		—		16,210,827
Hong Kong		—		2,108,252		—		2,108,252
Hungary		—		33,321,434		—		33,321,434
India		79,214,132		1,589,667,334		—		1,668,881,466
Indonesia		327,325		248,090,907		—		248,418,232
Malaysia		17,329		304,119,059		—		304,136,388
Mexico		293,200,632		—		—		293,200,632
Philippines		—		131,884,986		—		131,884,986
Poland		—		109,551,653		—		109,551,653
Qatar		—		23,891		—		23,891
Russia		19,075,783		216,469,293		—		235,545,076
Saudi Arabia		—		9,879,430		—		9,879,430
South Africa		177,874,723		394,111,924		—		571,986,647
South Korea		181,083,531		1,657,126,867		—		1,838,210,398
Taiwan		13,096,660		2,492,047,528		—		2,505,144,188
Thailand		332,602,336		26,140		—		332,628,476
Turkey		—		89,246,686		—		89,246,686
United Arab Emirates		—		27,658		—		27,658
Preferred Stocks
Brazil		76,811,535		—		—		76,811,535
Colombia		5,733,317		—		—		5,733,317
Rights/Warrants
Taiwan		—		70,159		—		70,159
Securities Lending Collateral		—		302,345,960		—		302,345,960
Futures Contracts**		7,044,987		—		—		7,044,987
TOTAL.	$	2,265,906,791	$	11,285,120,155		—	$	13,551,026,946

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

(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)	This item is not applicable.
(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.

Dimensional Emerging Markets Value Fund

By:	/s/ David P. Butler
	David P. Butler
	Co-Chief Executive Officer

Date: July 6, 2020

By:	/s/ Gerard K. O’Reilly
	Gerard K. O’Reilly
	Co-Chief Executive Officer and
	Chief Investment Officer

Date: July 6, 2020

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
	Dimensional Emerging Markets Value Fund

Date: July 6, 2020

By:	/s/ Gerard K. O’Reilly
	Gerard K. O’Reilly
	Co-Principal Executive Officer
	Dimensional Emerging Markets Value Fund

Date: July 6, 2020

By:	/s/ Lisa M. Dallmer
	Lisa M. Dallmer
	Principal Financial Officer
	Dimensional Emerging Markets Value Fund

Date: July 6, 2020