[X] | Preliminary Proxy Statement |
[ ] | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
[ ] | Definitive Proxy Statement |
[ ] | Definitive Additional Materials |
[ ] | Soliciting Material Pursuant to Sec. 240.14a-12 |
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
[X] | No fee required. | |
[ ] | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. | |
1. | Title of each class of securities to which transaction applies: | |
2. | Aggregate number of securities to which transaction applies: | |
3. | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): | |
4. | Proposed maximum aggregate value of transaction: | |
5. | Total fee paid: | |
[ ] | Fee paid previously with preliminary proxy materials. | |
[ ] | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. | |
1) | Amount Previously Paid: | |
2) | Form, Schedule or Registration Statement No.: | |
3) | Filing Party: | |
4) | Date Filed: | |
Enhanced U.S. Large Company Portfolio U.S. Large Cap Equity Portfolio U.S. Small Cap Value Portfolio U.S. Targeted Value Portfolio U.S. Core Equity 1 Portfolio U.S. Core Equity 2 Portfolio U.S. Vector Equity Portfolio U.S. Small Cap Portfolio U.S. Micro Cap Portfolio DFA Real Estate Securities Portfolio Large Cap International Portfolio International Core Equity Portfolio DFA International Real Estate Securities Portfolio DFA International Small Cap Value Portfolio International Vector Equity Portfolio Emerging Markets Core Equity Portfolio DFA One-Year Fixed Income Portfolio DFA Two-Year Global Fixed Income Portfolio DFA Selectively Hedged Global Fixed Income Portfolio DFA Five-Year Global Fixed Income Portfolio DFA World ex U.S. Government Fixed Income Portfolio DFA Short-Term Government Portfolio DFA Intermediate Government Fixed Income Portfolio DFA Short-Term Extended Quality Portfolio DFA Intermediate-Term Extended Quality Portfolio | DFA Inflation-Protected Securities Portfolio DFA Short-Duration Real Return Portfolio DFA Short-Term Municipal Bond Portfolio DFA Intermediate-Term Municipal Bond Portfolio DFA California Short-Term Municipal Bond Portfolio DFA California Intermediate-Term Municipal Bond Portfolio DFA Municipal Real Return Portfolio Tax-Managed U.S. Targeted Value Portfolio Tax-Managed U.S. Equity Portfolio Tax-Managed U.S. Small Cap Portfolio T.A. U.S. Core Equity 2 Portfolio Tax-Managed DFA International Value Portfolio T.A. World ex U.S. Core Equity Portfolio U.S. Social Core Equity 2 Portfolio U.S. Sustainability Core 1 Portfolio International Sustainability Core 1 Portfolio DFA International Value ex Tobacco Portfolio International Social Core Equity Portfolio Emerging Markets Social Core Equity Portfolio CSTG&E U.S. Social Core Equity 2 Portfolio CSTG&E International Social Core Equity Portfolio DFA Commodity Strategy Portfolio U.S. Large Cap Growth Portfolio U.S. Small Cap Growth Portfolio International Large Cap Growth Portfolio International Small Cap Growth Portfolio Dimensional Retirement Fixed Income Fund III | |
Feeder Funds | ||
U.S. Large Cap Value Portfolio Japanese Small Company Portfolio Asia Pacific Small Company Portfolio United Kingdom Small Company Portfolio Continental Small Company Portfolio | Emerging Markets Portfolio Emerging Markets Value Portfolio Emerging Markets Small Cap Portfolio Tax-Managed U.S. Marketwide Value Portfolio LWAS/DFA International High Book to Market Portfolio | |
Funds of Funds | ||
International Small Company Portfolio DFA Global Real Estate Securities Portfolio World ex U.S. Value Portfolio World ex U.S. Targeted Value Portfolio World ex U.S. Core Equity Portfolio | Selectively Hedged Global Equity Portfolio DFA Investment Grade Portfolio World Core Equity Portfolio |
U.S. Large Company Portfolio LWAS/DFA Two-Year Fixed Income Portfolio | LWAS/DFA Two-Year Government Portfolio | |
Feeder Funds | ||
DFA International Value Portfolio LWAS/DFA U.S. High Book to Market Portfolio U.S. Large Cap Value Portfolio II U.S. Large Cap Value Portfolio III DFA International Value Portfolio II | DFA International Value Portfolio III DFA International Value Portfolio IV Tax-Managed U.S. Marketwide Value Portfolio II Emerging Markets Portfolio II | |
Funds of Funds | ||
Global Equity Portfolio Global Allocation 60/40 Portfolio | Global Allocation 25/75 Portfolio |
The U.S. Large Cap Value Series The Tax-Managed U.S. Marketwide Value Series The DFA International Value Series The Japanese Small Company Series The Asia Pacific Small Company Series | The United Kingdom Small Company Series The Continental Small Company Series The Canadian Small Company Series The Emerging Markets Series The Emerging Markets Small Cap Series The DFA Short Term Investment Fund |
FOR SPECIAL JOINT MEETING OF SHAREHOLDERS
TO BE HELD ON [______], 2015
• | Electing the members of the Board of Directors or Board of Trustees, as applicable. |
• | Taking advantage of Dimensional Fund Advisors LP’s (“Dimensional”) global investment management experience and increasing efficiency by (1) approving investment sub-advisory agreements between certain of Dimensional’s fixed income funds and Dimensional’s affiliates located in London and Sydney, and (2) allowing Dimensional to appoint and replace Dimensional controlled sub-advisors for certain funds. |
• | Updating the funds’ investment advisory agreements to provide a uniform agreement that increases transparency and better describes all of the services that Dimensional provides to each fund. |
• | Updating the investment limitation for certain funds to eliminate the possibility of industry concentration, allowing these funds to be more diversified across industries in all market conditions. |
• | Updating the investment limitation regarding investments in commodities to more clearly indicate what transactions our funds can and cannot engage in, given the evolving definitions of commodity interests, swaps and related instruments. |
Sincerely, | |
David G. Booth Chairman and Co-Chief Executive Officer |
DIMENSIONAL INVESTMENT GROUP INC.
THE DFA INVESTMENT TRUST COMPANY
DIMENSIONAL EMERGING MARKETS VALUE FUND
We urge you to review the Proposals in the Proxy Statement. Then, please take one of the following actions below so that we know how you would like to vote. | |||
1. | You may vote through the Internet 24 hours per day at [www.____________] and by following the instructions included in the enclosed proxy card. | ||
2. | You may vote by touch-tone telephone 24 hours per day by calling toll-free at [___________] and following the recorded instructions. | ||
3. | You also may vote your shares by completing and signing the proxy card(s) and mailing it (them) in the enclosed postage-paid envelope. A proxy card is, in essence, a ballot. When you vote your proxy, it tells us how you wish to vote on each Proposal for the Funds in which you are invested. | ||
a. | If you simply sign, date and return the proxy card(s), but do not specify a vote on any Proposal, your proxy will be voted “FOR” all Proposals. | ||
b. | If you specify a vote on all Proposals on which you are entitled to vote, your proxy will be voted as you indicate. | ||
c. | If you specify a vote for one or more Proposals on which you are entitled to vote, but not all, your proxy will be voted as specified on such Proposals and, on the Proposal(s) for which no vote is specified, your proxy will be voted “FOR” such Proposal(s). | ||
4. | You also may attend the Meeting and vote in person. | ||
When shareholders return their proxies promptly, the Funds may be able to save money by not having to conduct additional solicitations, including other mailings. If you own shares of more than one Fund or own shares of one or more Funds across multiple accounts, you will receive a proxy card for each Fund and account in which you own shares. PLEASE VOTE IN THE MANNER YOU WISH AS DESCRIBED ABOVE FOR EACH proxy card you receive. Please be mindful that each proxy card has a unique identifying number associated with each of your investments in the Funds. Therefore, it is important that you vote each proxy card you receive. |
1. | You can vote through the Internet 24 hours per day at [___________] by following the instructions on your proxy card, |
2. | You also may vote by touch-tone telephone 24 hours per day by calling [___________]and following the recorded instructions, |
3. | You also may vote your shares by completing and signing the proxy card(s) and mailing it (them) in the enclosed postage-paid envelope, OR |
4. | You also may attend the Meeting and vote in person. [Please note that if you plan to attend the Meeting, photographic identification as well as proof of ownership of Fund shares, such as a copy of your proxy card, will be required for admission.] |
1 | Seven portfolios of DFA Investment Dimensions Group Inc. — VA U.S. Large Value Portfolio, VA U.S. Targeted Value Portfolio, VA International Value Portfolio, VA International Small Portfolio, VA Short-Term Fixed Portfolio, VA Global Bond Portfolio and DFA VA Global Moderate Allocation Portfolio--are issuing separate proxy solicitation materials for the Meeting. |
1. | To elect a Board of Directors or a Board of Trustees, as applicable, for each Fund Company. |
2. | To approve the use of a “manager of managers” structure whereby Dimensional will be able to employ and replace Dimensional controlled sub-advisors without shareholder approval at no additional cost to the Funds. Examples of such sub-advisors are DFA Australia Limited (“DFA Australia”) and Dimensional Fund Advisors Ltd. (“DFA London,” and together with DFA Australia, the “Sub-Advisors”), Dimensional’s subsidiaries located in Sydney, Australia and London, United Kingdom, respectively. This proposal applies to (1) certain non-Feeder Funds that currently have existing sub-advisory agreements; (2) certain Funds of Funds that currently invest in an underlying fund that has existing sub-advisory agreements; (3) certain Feeder Funds that currently invest in a Master Fund that has existing sub-advisory agreements and (4) certain non-feeder, fixed income strategy Funds that currently do not have existing sub-advisory agreements but are being asked to approve proposed sub-advisory agreements in Proposal 3 below. To see whether this particular proposal applies to your particular Fund, see Exhibit B. |
3. | To approve Investment Sub-Advisory Agreements (the “Sub-Advisory Agreements”), at no additional cost to the Funds, with DFA Australia and DFA London for the DFA One-Year Fixed Income Portfolio, DFA Two-Year Global Fixed Income Portfolio, DFA Five-Year Global Fixed Income Portfolio of DFAIDG and LWAS/DFA Two-Year Fixed Income Portfolio of DIG (each an “Identified Fixed Income Fund,” and together, the “Identified Fixed Income Funds”). |
4. | To approve an updated Investment Management Agreement with Dimensional for each Fund. |
5. | To approve an amendment to the fundamental investment limitation regarding investments in commodities that clarifies what transactions the Funds can and cannot engage in, given the evolving definitions of commodity interests, swaps and related instruments as a result of new rule-making by the U.S. Commodity Futures Trading Commission (the “CFTC”) and other |
6. | To approve an amendment to the fundamental investment limitation to eliminate the requirement to invest more than 25% of its total assets in obligations of U.S. and foreign banks and bank holding companies in certain market conditions (i.e., “industry concentration”) for the DFA One-Year Fixed Income Portfolio, DFA Two-Year Global Fixed Income Portfolio, DFA Selectively Hedged Global Fixed Income Portfolio, DFA Short-Term Extended Quality Portfolio, DFA Intermediate-Term Extended Quality Portfolio, and DFA Short-Duration Real Return Portfolio of DFAIDG and the LWAS/DFA Two-Year Fixed Income Portfolio of DIG (each a “Proposal 6 Fund,” and together, the “Proposal 6 Funds”). Eliminating the industry concentration policy will allow these Funds to be more diversified across industries in all market conditions. |
1. | To elect a Board of Directors or a Board of Trustees, as applicable. |
2. | To approve the use of a “manager of managers” structure whereby Dimensional will be able to employ and replace sub-advisors controlled by Dimensional without shareholder approval. |
3. | To approve two Sub-Advisory Agreements for the Identified Fixed Income Funds. |
4. | To approve an updated Investment Management Agreement for each Fund. |
5. | To approve an amendment to the fundamental investment limitation regarding investments in commodities (does not apply to the DFA Municipal Real Return Portfolio and DFA Commodity Strategy Portfolio). |
6. | To approve an amendment to the fundamental investment limitation to eliminate the banking industry concentration policy for certain Funds. |
DIMENSIONAL INVESTMENT GROUP INC.
THE DFA INVESTMENT TRUST COMPANY
DIMENSIONAL EMERGING MARKETS VALUE FUND
1. | To elect a Board of Directors or a Board of Trustees, as applicable, for each Fund Company. |
2. | To approve the use of a “manager of managers” structure whereby Dimensional Fund Advisors LP (the “Advisor” or “Dimensional”) will be able to employ and replace Dimensional controlled sub-advisors without shareholder approval. Examples of Dimensional controlled sub-advisors are DFA Australia Limited (“DFA Australia”) and Dimensional Fund Advisors Ltd. (“DFA London,” and together with DFA Australia, the “Sub-Advisors”), Dimensional’s subsidiaries located in Sydney, Australia and London, United Kingdom, respectively. This proposal applies to (1) certain non-Feeder Funds that currently have existing sub-advisory agreements; (2) certain Funds of Funds that currently invest in an underlying fund that has existing sub-advisory agreements; (3) certain Feeder Funds that currently invest in a Master Fund that has existing sub-advisory agreements and (4) certain non-feeder, fixed income strategy Funds that currently do not have existing sub-advisory agreements but are being asked to approve proposed sub-advisory agreements in Proposal 3 below. To see whether this particular proposal applies to your particular Fund, see Exhibit B. |
3. | To approve new Investment Sub-Advisory Agreements as follows (includes two (2) Sub-Proposals): |
(a) | To approve a new Investment Sub-Advisory Agreement, at no additional cost to the Fund, among the Advisor, DFA Australia and DFAIDG, on behalf of the DFA One-Year Fixed Income Portfolio, DFA Two-Year Global Fixed Income Portfolio and DFA Five-Year Global Fixed Income Portfolio, and DIG, on behalf of the LWAS/DFA Two-Year Fixed Income Portfolio. |
(b) | To approve a new Investment Sub-Advisory Agreement, at no additional cost to the Fund, among the Advisor, DFA London and DFAIDG, on behalf of the DFA One-Year Fixed Income Portfolio, DFA Two-Year Global Fixed Income Portfolio and DFA Five-Year Global Fixed Income Portfolio, and DIG, on behalf of the LWAS/DFA Two-Year Fixed Income Portfolio. |
1 | Seven portfolios of DFAIDG — VA U.S. Large Value Portfolio, VA U.S. Targeted Value Portfolio, VA International Value Portfolio, VA International Small Portfolio, VA Short-Term Fixed Portfolio, VA Global Bond Portfolio and DFA VA Global Moderate Allocation Portfolio (together, the “VA Funds”)—are issuing separate proxy solicitation materials. Among other items, shareholders of the VA Funds will be asked to vote on the election of Directors of DFAIDG. The VA Funds will be participating in the Meeting, along with Funds solicited in this Proxy Statement to be held on [_____], 2015. |
4. | To approve an updated Investment Management Agreement for each Fund between Dimensional and the Fund Company, on behalf of the Fund. |
5. | To approve an amendment to the fundamental investment limitation regarding investments in commodities that clarifies what transactions each Fund can and cannot engage in, given the evolving definitions of commodity interests, swaps and related instruments (does not apply to the DFA Municipal Real Return Portfolio and DFA Commodity Strategy Portfolio of DFAIDG). The commodities or commodities-related transactions that the Funds currently are prohibited from engaging in will continue to be prohibited. |
6. | To approve an amendment to the fundamental investment limitation to eliminate the possibility of industry concentration by the DFA One-Year Fixed Income Portfolio, DFA Two-Year Global Fixed Income Portfolio, DFA Selectively Hedged Global Fixed Income Portfolio, DFA Short-Term Extended Quality Portfolio, DFA Intermediate-Term Extended Quality Portfolio, and DFA Short-Duration Real Return Portfolio of DFAIDG and the LWAS/DFA Two-Year Fixed Income Portfolio of DIG. Eliminating the industry concentration policy will allow these Funds to be more diversified across industries in all market conditions. |
7. | To provide voting instructions to each Feeder Fund to vote for the election of a Board of Trustees for the Fund Company that oversees the Feeder Fund’s corresponding Master Fund. |
8. | To provide voting instructions to certain Feeder Funds to approve a “manager of managers” structure for the Feeder Fund’s corresponding Master Fund whereby Dimensional will be able to employ and replace Dimensional controlled sub-advisors without shareholder approval. This proposal applies to certain Feeder Funds that currently invest in a Master Fund that has existing sub-advisory agreements. To see whether this particular proposal applies to your particular Feeder Fund, see Exhibit B. |
9. | To provide voting instructions to each Feeder Fund to approve an updated Investment Management Agreement between the Advisor and the Fund Company on behalf of the Feeder Fund’s corresponding Master Fund. |
10. | To provide voting instructions to each Feeder Fund to approve an amendment to the fundamental investment limitation regarding investments in commodities by the Feeder Fund’s corresponding Master Fund. |
By Order of the Boards of Directors of DFAIDG and DIG and the Boards of Trustees of DFAITC and DEM, | |
Catherine L. Newell Vice President and Secretary |
IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE SHAREHOLDER MEETING TO BE HELD ON [________], 2015. The notice of joint special meeting of shareholders, proxy statement and proxy card(s)/voting instruction form(s) are available on the Internet at [http://_____ ]. |
Enhanced U.S. Large Company Portfolio U.S. Large Cap Equity Portfolio U.S. Small Cap Value Portfolio U.S. Targeted Value Portfolio U.S. Core Equity 1 Portfolio U.S. Core Equity 2 Portfolio U.S. Vector Equity Portfolio U.S. Small Cap Portfolio U.S. Micro Cap Portfolio DFA Real Estate Securities Portfolio Large Cap International Portfolio International Core Equity Portfolio DFA International Real Estate Securities Portfolio DFA International Small Cap Value Portfolio International Vector Equity Portfolio Emerging Markets Core Equity Portfolio DFA One-Year Fixed Income Portfolio DFA Two-Year Global Fixed Income Portfolio DFA Selectively Hedged Global Fixed Income Portfolio DFA Five-Year Global Fixed Income Portfolio DFA World ex U.S. Government Fixed Income Portfolio DFA Short-Term Government Portfolio DFA Intermediate Government Fixed Income Portfolio DFA Short-Term Extended Quality Portfolio DFA Intermediate-Term Extended Quality Portfolio | DFA Inflation-Protected Securities Portfolio DFA Short-Duration Real Return Portfolio DFA Short-Term Municipal Bond Portfolio DFA Intermediate-Term Municipal Bond Portfolio DFA California Short-Term Municipal Bond Portfolio DFA California Intermediate-Term Municipal Bond Portfolio DFA Municipal Real Return Portfolio Tax-Managed U.S. Targeted Value Portfolio Tax-Managed U.S. Equity Portfolio Tax-Managed U.S. Small Cap Portfolio T.A. U.S. Core Equity 2 Portfolio Tax-Managed DFA International Value Portfolio T.A. World ex U.S. Core Equity Portfolio U.S. Social Core Equity 2 Portfolio U.S. Sustainability Core 1 Portfolio International Sustainability Core 1 Portfolio DFA International Value ex Tobacco Portfolio International Social Core Equity Portfolio Emerging Markets Social Core Equity Portfolio CSTG&E U.S. Social Core Equity 2 Portfolio CSTG&E International Social Core Equity Portfolio DFA Commodity Strategy Portfolio U.S. Large Cap Growth Portfolio U.S. Small Cap Growth Portfolio International Large Cap Growth Portfolio International Small Cap Growth Portfolio Dimensional Retirement Fixed Income Fund III | |
Feeder Funds | ||
U.S. Large Cap Value Portfolio Japanese Small Company Portfolio Asia Pacific Small Company Portfolio United Kingdom Small Company Portfolio Continental Small Company Portfolio | Emerging Markets Portfolio Emerging Markets Value Portfolio Emerging Markets Small Cap Portfolio Tax-Managed U.S. Marketwide Value Portfolio LWAS/DFA International High Book to Market Portfolio | |
Funds of Funds | ||
International Small Company Portfolio DFA Global Real Estate Securities Portfolio World ex U.S. Value Portfolio World ex U.S. Targeted Value Portfolio World ex U.S. Core Equity Portfolio | Selectively Hedged Global Equity Portfolio DFA Investment Grade Portfolio World Core Equity Portfolio |
U.S. Large Company Portfolio LWAS/DFA Two-Year Fixed Income Portfolio | LWAS/DFA Two-Year Government Portfolio | |
Feeder Funds | ||
DFA International Value Portfolio LWAS/DFA U.S. High Book to Market Portfolio U.S. Large Cap Value Portfolio II U.S. Large Cap Value Portfolio III DFA International Value Portfolio II | DFA International Value Portfolio III DFA International Value Portfolio IV Tax-Managed U.S. Marketwide Value Portfolio II Emerging Markets Portfolio II | |
Funds of Funds | ||
Global Equity Portfolio Global Allocation 60/40 Portfolio | Global Allocation 25/75 Portfolio |
The U.S. Large Cap Value Series The Tax-Managed U.S. Marketwide Value Series The DFA International Value Series The Japanese Small Company Series The Asia Pacific Small Company Series | The United Kingdom Small Company Series The Continental Small Company Series The Canadian Small Company Series The Emerging Markets Series The Emerging Markets Small Cap Series The DFA Short Term Investment Fund |
FOR SPECIAL JOINT MEETING OF SHAREHOLDERS
TO BE HELD ON [______], 2015
Information about Voting | 1 | |
Proposals 1 and 7: | Election of a Board of Directors or a Board of Trustees, as Applicable | 4 |
Proposals 2 and 8: | Approval of the Use of a “Manager of Managers” Structure whereby Dimensional will be able to Employ and Replace Dimensional Controlled Sub-Advisors without Shareholder Approval | 14 |
Proposal 3: | Approval of New Investment Sub-Advisory Agreements among the Advisor, each of DFA Australia and DFA London, and DFAIDG or DIG, as applicable, on behalf of the Identified Fixed Income Funds (These Proposals involve separate votes on Sub-Proposals 3(a) and 3(b)) | 17 |
Sub-Proposal 3(a): | To Approve the Proposed Sub-Advisory Agreements among the Advisor, DFA Australia and DFAIDG or DIG, as applicable, on behalf of the Identified Fixed Income Funds | 20 |
Sub-Proposal 3(b): | To Approve the Proposed Sub-Advisory Agreements among the Advisor, DFA London and DFAIDG or DIG, as applicable, on behalf of the Identified Fixed Income Funds | 21 |
Proposals 4 and 9: | Approval of a Proposed Updated Investment Management Agreement for each Fund | 23 |
Proposals 5 and 10: | To Amend the Fundamental Investment Limitation Regarding Investments in Commodities | 32 |
Proposal 6: | To Amend the Fundamental Investment Limitation Regarding Industry Concentration | 34 |
Additional Information about the Funds | 36 | |
Further Information about Voting and the Meeting | 37 | |
Exhibit List | 40 |
1. | To elect a Board of Directors or a Board of Trustees, as applicable, for each Fund Company. |
2. | To approve the use of a “manager of managers” structure whereby Dimensional Fund Advisors LP (the “Advisor” or “Dimensional”) will be able to employ and replace Dimensional controlled sub-advisors without shareholder approval. Examples of Dimensional controlled sub-advisors are DFA Australia Limited (“DFA Australia”) and Dimensional Fund Advisors Ltd. (“DFA London,” and together with DFA Australia, the “Sub-Advisors”), Dimensional’s subsidiaries located in Sydney, Australia and London, United Kingdom, respectively. This proposal applies to (1) certain non-Feeder Funds that currently have existing sub-advisory agreements; (2) certain Funds of Funds that currently invest in an underlying fund that has existing sub-advisory agreements; (3) certain Feeder Funds that currently invest in a Master Fund that has existing sub-advisory agreements and (4) certain non-feeder, fixed income strategy Funds that currently do not have existing sub-advisory agreements but are being asked to approve proposed sub-advisory agreements in Proposal 3 below. To see whether this particular proposal applies to your particular Fund, see Exhibit B. |
3. | To approve new Investment Sub-Advisory Agreements, at no additional cost to the Fund, for the DFA One-Year Fixed Income Portfolio, DFA Two-Year Global Fixed Income Portfolio, DFA Five-Year Global Fixed Income of DFAIDG and the LWAS/DFA Two-Year Fixed Income Portfolio of DIG (each an “Identified Fixed Income Fund,” and together, the “Identified Fixed Income Funds”) as follows (includes two (2) Sub-Proposals): |
a. | To approve a new Investment Sub-Advisory Agreement among the Advisor, DFA Australia and DFAIDG or DIG, as applicable, on behalf of the Identified Fixed Income Funds. |
b. | To approve a new Investment Sub-Advisory Agreement among the Advisor, DFA London and DFAIDG or DIG, as applicable, on behalf of the Identified Fixed Income Funds. |
4. | To approve an updated Investment Management Agreement for each Fund. |
5. | To approve an amendment to the fundamental investment limitation regarding investments in commodities that clarifies what transactions each Fund can and cannot engage in, given the evolving definitions of commodity interests, swaps and related instruments (does not apply to the DFA Municipal Real Return Portfolio and DFA Commodity Strategy Portfolio of DFAIDG). The commodities or commodities-related transactions that the Funds currently are prohibited from engaging in will continue to be prohibited. |
6. | To approve an amendment to the fundamental investment limitation to eliminate the possibility of industry concentration by the DFA One-Year Fixed Income Portfolio, DFA Two-Year Global Fixed Income Portfolio, DFA Selectively Hedged Global Fixed Income Portfolio, DFA Short-Term Extended Quality Portfolio, DFA Intermediate-Term Extended Quality Portfolio, and DFA Short-Duration Real Return Portfolio of DFAIDG and the LWAS/DFA Two-Year Fixed Income Portfolio of DIG (each a “Proposal 6 Fund,” and together, the “Proposal 6 Funds”). Eliminating the industry concentration policy will allow these funds to be more diversified across industries in all market conditions. |
7. | To provide voting instructions to each Feeder Fund to vote for the election of a Board of Trustees for the Fund Company that oversees the Feeder Fund’s corresponding Master Fund. |
8. | To provide voting instructions to certain Feeder Funds to approve a “manager of managers” structure for the Feeder Fund’s corresponding Master Fund whereby Dimensional will be able to employ and replace Dimensional controlled sub-advisors without shareholder approval. This proposal applies to certain Feeder Funds that currently invest in a Master Fund that has existing sub-advisory agreements. To see whether this particular proposal applies to your particular Feeder Fund, see Exhibit B. |
9. | To provide voting instructions to each Feeder Fund to approve an updated Investment Management Agreement between the Advisor and the Fund Company on behalf of the Feeder Fund’s corresponding Master Fund. |
10. | To provide voting instructions to each Feeder Fund to approve an amendment to the fundamental investment limitation regarding investments in commodities by the Feeder Fund’s corresponding Master Fund. |
PROPOSALS 1 AND 7: | ELECTION OF A BOARD OF DIRECTORS OR A BOARD OF TRUSTEES, AS APPLICABLE |
Name, Address and Age | Position | Term of Office and Length of Service | Principal Occupation During Past 5 Years | Number of Funds in the Dimensional Funds1 Overseen by the Director | Other Directorships of Public Companies Held During Past 5 Years |
George M. Constantinides University of Chicago Booth School of Business 5807 S. Woodlawn Avenue Chicago, IL 60637 Age: 67 | Director | DFAIDG – Since 1983 DIG – Since 1993 DFAITC – Since 1992 DEM – Since 1993 | Leo Melamed Professor of Finance, University of Chicago Booth School of Business. | 109 portfolios in 4 investment companies | None |
John P. Gould University of Chicago Booth School of Business 5807 S. Woodlawn Avenue Chicago, IL 60637 Age: 76 | Director | DFAIDG – Since 1986 DIG – Since 1993 DFAITC – Since 1992 DEM – Since 1993 | Steven G. Rothmeier Professor and Distinguished Service Professor of Economics, University of Chicago Booth School of Business (since 1965). Member and Chair, Competitive Markets Advisory Council, Chicago Mercantile Exchange (futures trading exchange) (since 2004). Formerly, Member of the Board of Milwaukee Insurance Company (1997-2010). | 109 portfolios in 4 investment companies | Trustee, Harbor Funds (registered investment company) (29 portfolios) (since 1994). |
Name, Address and Age | Position | Term of Office and Length of Service | Principal Occupation During Past 5 Years | Number of Funds in the Dimensional Funds1 Overseen by the Director | Other Directorships of Public Companies Held During Past 5 Years |
Roger G. Ibbotson Yale School of Management P.O. Box 208200 New Haven, CT 06520-8200 Age: 71 | Director | DFAIDG –Since 1981 DIG – Since 1993 DFAITC – Since 1992 DEM – Since 1993 | Professor in Practice Emeritus of Finance, Yale School of Management (since 1984). Consultant to Morningstar, Inc. (since 2006). Chairman, CIO and Partner, Zebra Capital Management, LLC (hedge fund and asset manager) (since 2001). Formerly, Director, BIRR Portfolio Analysis, Inc. (software products) (1990-2010). | 109 portfolios in 4 investment companies | None |
Edward P. Lazear Stanford University Graduate School of Business 518 Memorial Way Stanford, CA 94305-5015 Age: 66 | Director | DFAIDG –Since 2010 DIG – Since 2010 DFAITC – Since 2010 DEM – Since 2010 | Morris Arnold Cox Senior Fellow, Hoover Institution (since 2002). Jack Steele Parker Professor of Human Resources Management and Economics, Graduate School of Business, Stanford University (since 1995). Cornerstone Research (expert testimony and economic and financial analysis) (since 2009). Formerly, Chairman of President George W. Bush’s Council of Economic Advisers (2006-2009). Council of Economic Advisors, State of California (2005-2006). Formerly, Commissioner, White House Panel on Tax Reform (2005). | 109 portfolios in 4 investment companies | None |
Myron S. Scholes c/o Dimensional Fund Advisors LP 6300 Bee Cave Road, Building One Austin, TX 78746 Age: 73 | Director | DFAIDG – Since 1981 DIG – Since 1993 DFAITC – Since 1992 DEM – Since 1993 | Chief Investment Strategist, Janus Capital Group Inc. (since 2014). Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University (since 1981). Formerly, Chairman, Platinum Grove Asset Management L.P. (hedge fund) (formerly, Oak Hill Platinum Partners) (1999-2009). | 109 portfolios in 4 investment companies | Advisor, Kuapay Inc. (since 2013). Formerly, Director, American Century Fund Complex (registered investment companies) (43 portfolios) (1980-2014). |
Abbie J. Smith University of Chicago Booth School of Business 5807 S. Woodlawn Avenue Chicago, IL 60637 Age: 61 | Director | DFAIDG – Since 2000 DIG – Since 2000 DFAITC – Since 2000 DEM – Since 2000 | Boris and Irene Stern Distinguished Service Professor of Accounting, University of Chicago Booth School of Business (since 1980); Co-Director Investment Research, Fundamental Investment Advisors (hedge fund) (2008-2011). | 109 portfolios in 4 investment companies | Director, HNI Corporation (formerly known as HON Industries Inc.) (office furniture) (since 2000); Director, Ryder System, Inc. (transportation, logistics and supply-chain management) (since 2003); and Trustee, UBS Funds (4 investment companies within the fund complex) (33 portfolios) (since 2009). |
Name, Address and Age | Position | Term of Office and Length of Service | Principal Occupation During Past 5 Years | Number of Funds in the Dimensional Funds1 Overseen by the Director | Other Directorships of Public Companies Held During Past 5 Years |
David G. Booth 6300 Bee Cave Road, Building One Austin, TX 78746 Age: 68 | Chairman, Director, President and Co-Chief Executive Officer | DFAIDG –Since 1981 DIG – Since 1992 DFAITC – Since 1992 DEM – Since 1993 | Chairman, Director/Trustee, President, Co-Chief Executive Officer and formerly, Chief Executive Officer (until 1/1/2010) of the following companies: Dimensional Holdings Inc., Dimensional Fund Advisors LP, DFA Securities LLC, DFAIDG, DIG, DFAITC and DEM (collectively, the “DFA Entities”). Director of Dimensional Fund Advisors Ltd. and formerly, Chief Investment Officer. Director of DFA Australia Limited and formerly, President and Chief Investment Officer. Director of Dimensional Advisors Ltd., Dimensional Funds plc and Dimensional Funds II plc. Formerly, President, Dimensional SmartNest (US) LLC (2009-2014). Limited Partner, VSC Investors, LLC (since 2007). Formerly, Limited Partner, Oak Hill Partners (2001-2010). Trustee, University of Chicago. Trustee, University of Kansas Endowment Association. Formerly, Director, SA Funds (registered investment company). Chairman, Director and Co-Chief Executive Officer of Dimensional Fund Advisors Canada ULC. Director and President (since 2012) of Dimensional Japan Ltd. Chairman, Director, President and Co-Chief Executive Officer of Dimensional Cayman Commodity Fund I Ltd. (since 2010). | 109 portfolios in 4 investment companies | None |
Eduardo A. Repetto 6300 Bee Cave Road, Building One Austin, TX 78746 Age: 48 | Director, Co-Chief Executive Officer and Co-Chief Investment Officer | DFAIDG –Since 2009 DIG – Since 2009 DFAITC – Since 2009 DEM – Since 2009 | Co-Chief Executive Officer (beginning January 2010), Co-Chief Investment Officer (since June 2014), Director and formerly, Chief Investment Officer (until June 2014) of the DFA Entities. Director, Co-Chief Executive Officer and Chief Investment Officer (since 2010) of Dimensional Cayman Commodity Fund I Ltd. Director, Co-Chief Executive Officer, President and Co-Chief Investment Officer of Dimensional Fund Advisors Canada ULC and formerly, Chief Investment Officer (until April 2014). Co-Chief Investment Officer, Vice President and Director of DFA Australia Limited and formerly, Chief Investment Officer (until April 2014). Director of Dimensional Fund Advisors Ltd., Dimensional Funds plc, Dimensional Funds II plc and Dimensional Advisors Ltd. Formerly, Vice President of the DFA Entities and Dimensional Fund Advisors Canada ULC. Director and Chief Investment Officer (since December 2012) of Dimensional Japan Ltd. | 109 portfolios in 4 investment companies | None |
1 | Each Director is a Director of each of the four registered investment companies constituting the Funds. Each Disinterested Director also serves on the Independent Review Committee of the mutual funds registered in the provinces of Canada and managed by the Advisor’s affiliate, Dimensional Fund Advisors Canada ULC, also known as the Dimensional Funds. |
Name and Position | Aggregate compensation from | Pension or Retirement Benefits as Part of Expenses | Estimated Annual Benefits upon Retirement | Total Compensation the Dimensional Funds Paid to Directors† | |||
DFAIDG* | DIG* | DFAITC* | DEM* | ||||
George M. Constantinides | $164,257 | $18,937 | $51,844 | $14,921 | N/A | N/A | $250,000 |
Disinterested Director | |||||||
John P. Gould | $164,257 | $18,937 | $51,844 | $14,921 | N/A | N/A | $250,000 |
Disinterested Director | |||||||
Roger G. Ibbotson | $170,821 | $19,694 | $53,966 | $15,520 | N/A | N/A | $260,000 |
Disinterested Director | |||||||
Edward P. Lazear | $164,257 | $18,937 | $51,844 | $14,921 | N/A | N/A | $250,000 |
Disinterested Director | |||||||
Myron S. Scholes | $197,075 | $22,720 | $62,921 | $17,941 | N/A | N/A | $300,000 |
Lead Disinterested Director | |||||||
Abbie J. Smith | $164,257 | $18,937 | $51,844 | $14,921 | N/A | N/A | $250,000 |
Disinterested Director | |||||||
Christopher S. Crossan | $261,672 | $30,048 | $82,546 | $23,234 | N/A | N/A | N/A |
Chief Compliance Officer |
† | The Dimensional Funds include four registered investment companies for which the Advisor performs advisory and/or administrative services and for which the individuals listed above serve as Directors on the Boards of such Dimensional Funds. |
* | Under a deferred compensation plan (the “Plan”) adopted effective January 1, 2002, the Disinterested Directors of the Fund Companies may defer receipt of all or a portion of the compensation for serving as members of the four Boards. Amounts deferred under the Plan are treated as though equivalent dollar amounts had been invested in shares of a cross-section of the Dimensional Funds (the “Reference Funds” or “Simulated Funds”). The amounts ultimately received by the Disinterested Directors under the Plan will be directly linked to the investment performance of the Reference Funds. Deferral of fees in accordance with the Plan will have a negligible effect on a Fund’s assets, liabilities, and net income per share, and will not obligate a Fund to retain the services of any Disinterested Director or to pay any particular level of compensation to the Disinterested Director. The total amount of deferred compensation accrued by the Disinterested Directors from the Dimensional Funds who participated in the Plan during the fiscal year ended October 31, 2014 is as follows: $260,000 (Mr. Ibbotson) and $250,000 (Mr. Lazear). A Disinterested Director’s deferred compensation will be distributed at the earlier of: (a) January in the year after the Disinterested Director’s resignation from the Boards, or death or disability; or (b) five years following the first deferral, in such amounts as the Disinterested Director has specified. The obligations of the Dimensional Funds to make payments under the Plan will be unsecured general obligations of the Dimensional Funds, payable out of the general assets and property of the Dimensional Funds. |
Name | Dollar Range of Fund Shares Owned | Aggregate Dollar Range of Shares Owned in All Fund Companies Overseen by Director in the Dimensional Funds |
Disinterested Director Nominees: | ||
George M. Constantinides | None | None Directly; Over $100,000 in Simulated Funds** |
John P. Gould | None | None Directly; Over $100,000 in Simulated Funds** |
Roger G. Ibbotson | DFAIDG U.S. Core Equity 1 Portfolio – Over $100,000 U.S. Core Equity 2 Portfolio – Over $100,000 International Core Equity Portfolio – Over $100,000 DIG, DFAITC and DEM None | Over $100,000; Over $100,000 in Simulated Funds** |
Edward P. Lazear | None | None Directly; Over $100,000 in simulated Funds** |
Myron S. Scholes | DFAIDG U.S. Micro Cap Portfolio – Over $100,000 DIG, DFAITC and DEM None | Over $100,000; Over $100,000 in Simulated Funds** |
Abbie J. Smith | None | None Directly; Over $100,000 in Simulated Funds** |
Interested Director Nominees: | ||
David G. Booth | DFAIDG U.S. Micro Cap Portfolio – Over $100,000 Selectively Hedged Global Equity Portfolio* – Over $100,000 DFA One-Year Fixed Income Portfolio – Over $100,000 DFA Short-Term Municipal Bond Portfolio* – Over $100,000 U.S. Large Cap Growth Portfolio* – Over $100,000 U.S. Small Cap Growth Portfolio* – Over $100,000 International Large Cap Growth Portfolio* – Over $100,000 International Small Cap Growth Portfolio* – Over $100,000 DIG Global Equity Portfolio – Over $100,000 Global Allocation 60/40 Portfolio – Over $100,000 Global Allocation 25/75 Portfolio* – Over $100,000 DFAITC and DEM None | Over $100,000 |
Name | Dollar Range of Fund Shares Owned | Aggregate Dollar Range of Shares Owned in All Fund Companies Overseen by Director in the Dimensional Funds |
Eduardo A. Repetto | DFAIDG U.S. Large Cap Equity Portfolio – Over $100,000 U.S. Core Equity 1 Portfolio – Over $100,000 U.S. Core Equity 2 Portfolio – Over $100,000 Large Cap International Portfolio – Over $100,000 International Core Equity Portfolio – Over $100,000 World ex U.S. Core Equity Portfolio – Over $100,000 Emerging Markets Core Equity Portfolio – Over $100,000 DFA Two-Year Global Fixed Income Portfolio – Over $100,000 DFA World ex U.S. Government Fixed Income Portfolio – Over $100,000 DFA Short-Term Extended Quality Portfolio – Over $100,000 DFA Intermediate-Term Extended Quality Portfolio – Over $100,000 DFA Investment Grade Portfolio – Over $100,000 DFA Inflation-Protected Securities Portfolio - $50,001-$100,000 DFA Short-Duration Real Return Portfolio – Over $100,000 DFA Short-Term Municipal Bond Portfolio – Over $100,000 T.A. U.S. Core Equity 2 Portfolio – Over $100,000 T.A. World ex U.S. Core Equity Portfolio – Over $100,000 U.S. Large Cap Growth Portfolio – Over $100,000 International Large Cap Growth Portfolio – Over $100,000 DIG U.S. Large Company Portfolio – Over $100,000 Global Equity Portfolio – Over $100,00 DFAITC and DEM None | Over $100,000 |
* | Denotes that the Director Nominee’s holding exceeds 1% of a class of outstanding stock of the Fund. |
** | As discussed above, the compensation to certain of the Disinterested Directors may be in amounts that correspond to a hypothetical investment in a cross-section of the Funds. Thus, the Disinterested Directors who are so compensated experience the same investment returns that are experienced by shareholders of the Funds although the Disinterested Directors do not directly own shares of the Funds. |
Fiscal Year Ended: | ||||||||
Fund Company Name | October 31, 2013 | October 31, 2014 | ||||||
DFAIDG | $ | 1,448,699 | $ | 1,515,544 | ||||
DIG | $ | 282,214 | $ | 291,451 | ||||
DFAITC | $ | 206,957 | $ | 213,731 | ||||
DEM | $ | 18,814 | $ | 19,430 |
Fiscal Year Ended: | ||||||||
Fund Company Name | October 31, 2013 | October 31, 2014 | ||||||
DFAIDG | $ | 116,948 | $ | 123,244 | ||||
DIG | $ | 22,782 | $ | 23,701 | ||||
DFAITC | $ | 16,707 | $ | 17,381 | ||||
DEM | $ | 1,519 | $ | 1,580 |
Fiscal Year Ended: | ||||||||
Fund Company Name | October 31, 2013 | October 31, 2014 | ||||||
DFAIDG | $ | 640,381 | $ | 658,862 | ||||
DIG | $ | 124,750 | $ | 126,704 | ||||
DFAITC | $ | 91,483 | $ | 92,916 | ||||
DEM | $ | 8,317 | $ | 8,447 |
Fiscal Year Ended: | ||||||||
Fund Company Name | October 31, 2013 | October 31, 2014 | ||||||
DFAIDG | $ | 2,782,732 | $ | 2,990,464 | ||||
DIG | $ | 2,172,935 | $ | 2,358,763 | ||||
DFAITC | $ | 2,133,593 | $ | 2,318,655 | ||||
DEM | $ | 2,035,239 | $ | 2,218,385 |
PROPOSALS 2 AND 8: | APPROVAL OF THE USE OF A “MANAGER OF MANAGERS” STRUCTURE WHEREBY DIMENSIONAL WILL BE ABLE TO EMPLOY AND REPLACE DIMENSIONAL CONTROLLED SUB-ADVISORS WITHOUT SHAREHOLDER APPROVAL |
PROPOSAL 3: | APPROVAL OF NEW INVESTMENT SUB-ADVISORY AGREEMENTS AMONG THE ADVISOR, EACH OF DFA AUSTRALIA AND DFA LONDON AND DFAIDG OR DIG, AS APPLICABLE, ON BEHALF OF THE IDENTIFIED FIXED INCOME FUNDS (THESE PROPOSALS INVOLVE SEPARATE VOTES ON SUB-PROPOSALS 3(A) AND 3(B)) |
SUB-PROPOSAL 3(a): | TO APPROVE THE PROPOSED SUB-ADVISORY AGREEMENTS AMONG THE ADVISOR, DFA AUSTRALIA AND DFAIDG OR DIG, AS APPLICABLE, ON BEHALF OF THE IDENTIFIED FIXED INCOME FUNDS |
SUB-PROPOSAL 3(b): | TO APPROVE THE PROPOSED SUB-ADVISORY AGREEMENTS AMONG THE ADVISOR, DFA LONDON AND DFAIDG OR DIG, AS APPLICABLE, ON BEHALF OF THE IDENTIFIED FIXED INCOME FUNDS |
PROPOSALS 4 AND 9: | APPROVAL OF A PROPOSED UPDATED INVESTMENT MANAGEMENT AGREEMENT FOR EACH FUND |
PROPOSALS 5 AND 10: | TO AMEND THE FUNDAMENTAL INVESTMENT LIMITATION REGARDING INVESTMENTS IN COMMODITIES |
PROPOSAL 6: | TO AMEND THE FUNDAMENTAL INVESTMENT LIMITATION REGARDING INDUSTRY CONCENTRATION |
DFA One-Year Fixed Income Portfolio, DFA Two-Year Global Fixed Income Portfolio, DFA Short-Term Extended Quality Portfolio, DFA Intermediate-Term Extended Quality Portfolio and LWAS/DFA Two-Year Fixed Income Portfolio | DFA Selectively Hedged Global Fixed Income Portfolio and DFA Short-Duration Real Return Portfolio |
The Portfolios will not acquire any securities of companies within one industry if, as a result of such acquisition, more than 25% of the value of the Portfolio’s total assets would be invested in securities of companies within such industry; except that each of the DFA One-Year Fixed Income Portfolio, DFA Two-Year Global Fixed Income Portfolio, DFA Short-Term Extended Quality Portfolio, DFA Intermediate-Term Extended Quality Portfolio and LWAS/DFA Two-Year Fixed Income Portfolio shall invest more than 25% of its total assets in obligations of banks and bank holding companies in the circumstances described in the prospectus under “Investments in the Banking Industry” and as otherwise described under “PRINCIPAL INVESTMENT STRATEGIES.” | Each Portfolio will not concentrate (invest more than 25% of its net assets) in securities of issuers in a particular industry (other than securities issued or guaranteed by the U.S. Government or any of its agencies or securities of other investment companies), except that the DFA Selectively Hedged Global Fixed Income Portfolio and DFA Short-Duration Real Return Portfolio shall invest more than 25% of its total assets in obligations of banks and bank holding companies in the circumstances described in the prospectus under “Investments in the Banking Industry” and as otherwise described under “PRINCIPAL INVESTMENT STRATEGIES.” |
By Order of the Boards of Directors of DFAIDG and DIG and the Boards of Trustees of DFAITC and DEM, | |
Catherine L. Newell Vice President and Secretary |
Exhibit A | List of Feeder Funds and Their Corresponding Master Funds | A(1) |
Exhibit B | List of Funds and Proposals to be Considered | B(1) |
Exhibit C-1 | Nominating Committee Charter | C-1(1) |
Exhibit C-2 | List of Executive Officers of the Fund Companies and Advisor | C-2(1) |
Exhibit C-3 | Pre-Approval Policies and Procedures of the Audit Committee | C-3(1) |
Exhibit D-1 | Proposed Form of Sub-Advisory Agreement with DFA Australia | D-1(1) |
Exhibit D-2 | Proposed Form of Sub-Advisory Agreement with DFA London | D-2(1) |
Exhibit D-3 | Information Regarding Advisory Agreements of the Identified Fixed Income Funds | D-3(1) |
Exhibit D-4 | List of Executive Officers and Directors of DFA Australia | D-4(1) |
Exhibit D-5 | List of Funds Sub-Advised by DFA Australia that Have Similar Investment Mandates as the Identified Fixed Income Funds, the Investment Advisory Fees Charged for Such Services and the Asset Size of the Funds | D-5(1) |
Exhibit D-6 | List of Executive Officers and Directors of DFA London | D-6(1) |
Exhibit D-7 | List of Funds Sub-Advised by DFA London that Have Similar Investment Mandates as the Identified Fixed Income Funds, the Investment Advisory Fees Charged for Such Services and the Asset Size of the Funds | D-7(1) |
Exhibit E-1 | Comparison of Total Annual Operating Expenses of the Funds | E-1(1) |
Exhibit E-2 | Proposed Form of Investment Management Agreement | E-2(1) |
Exhibit E-3 | Advisory and Administration Fees Paid to Dimensional | E-3(1) |
Exhibit E-4 | Date of Each Investment Advisory Agreement, Date Each Investment Advisory Agreement Was Last Submitted to Shareholders and the Purpose of Submission to Shareholders | E-4(1) |
Exhibit E-5 | List of Funds Advised or Sub-Advised by Dimensional that Have Similar Investment Mandates, the Investment Advisory/Management Fees Charged for Such Services and the Asset Size of the Funds | E-5(1) |
Exhibit F | List of Funds for which Advisor Provides Administrative Services | F(1) |
Exhibit G | List of Funds for which DFA Australia Provides Sub-Advisory Services | G(1) |
Exhibit H | List of Funds for which DFA London Provides Sub-Advisory Services | H(1) |
Exhibit I-1 | List of Funds for which State Street Serves as Custodian | I-1(1) |
Exhibit I-2 | List of Funds for which Citibank Serves as Custodian | I-2(1) |
Exhibit J | Number of Outstanding Shares of the Funds as of January 28, 2015 | J(1) |
Exhibit K | Principal Holders of Shares of the Funds as of December 31, 2014 | K(1) |
Feeder Fund | Corresponding Master Fund |
U.S. Large Cap Value Portfolio (DFAIDG) U.S. Large Cap Value Portfolio II (DIG) U.S. Large Cap Value Portfolio III (DIG) LWAS/DFA U.S. High Book to Market Portfolio (DIG) | The U.S. Large Cap Value Series (DFAITC) |
Tax-Managed U.S. Marketwide Value Portfolio (DFAIDG) Tax-Managed U.S. Marketwide Value Portfolio II (DIG) | The Tax-Managed U.S. Marketwide Value Series (DFAITC) |
LWAS/DFA International High Book to Market Portfolio (DFAIDG) DFA International Value Portfolio (DIG) DFA International Value Portfolio II (DIG) DFA International Value Portfolio III (DIG) DFA International Value Portfolio IV (DIG) | The DFA International Value Series (DFAITC) |
Japanese Small Company Portfolio (DFAIDG) | The Japanese Small Company Series (DFAITC) |
Asia Pacific Small Company Portfolio (DFAIDG) | The Asia Pacific Small Company Series (DFAITC) |
United Kingdom Small Company Portfolio (DFAIDG) | The United Kingdom Small Company Series (DFAITC) |
Continental Small Company Portfolio (DFAIDG) | The Continental Small Company Series (DFAITC) |
Emerging Markets Portfolio (DFAIDG) Emerging Markets Portfolio II (DIG) | The Emerging Markets Series (DFAITC) |
Emerging Markets Small Cap Portfolio (DFAIDG) | The Emerging Markets Small Cap Series (DFAITC) |
Emerging Markets Value Portfolio (DFAIDG) | Dimensional Emerging Markets Value Fund (DEM) |
Name of Fund | Type of Fund | Proposal 1: Election of Directors/ Trustees for each Fund Company | Proposal 2: Approval of a “Manager of Managers” Structure | Proposal 3: Approval of New Sub-Advisory Agreements with DFA Australia and DFA London | Proposal 4: Approval of an Updated Investment Management Agreement with the Advisor | Proposal 5: Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities | Proposal 6: Approval of an Amendment to the Fundamental Investment Limitation Regarding Industry Concentration | Proposal 7: Provide Instructions for Feeder Fund Regarding Election of Trustees of Master Fund | Proposal 8: Provide Instructions for Feeder Fund Regarding Approval of a “Manager of Managers” Structure for Master Fund | Proposal 9: Provide Instructions for Feeder Fund Regarding Approval of an Updated Investment Management Agreement Between the Advisor and Master Fund | Proposal 10: Provide Instructions for Feeder Fund Regarding Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities of Master Fund |
DFA Investment Dimensions Group Inc. (Maryland Corporation) | |||||||||||
Enhanced U.S. Large Company Portfolio | Stand Alone | X | X | X | |||||||
U.S. Large Cap Equity Portfolio | Stand Alone | X | X | X | |||||||
U.S. Large Cap Value Portfolio | Feeder | X | X | X | X | X | X | ||||
U.S. Small Cap Value Portfolio | Stand Alone | X | X | X | |||||||
U.S. Targeted Value Portfolio | Stand Alone | X | X | X | |||||||
U.S. Core Equity 1 Portfolio | Stand Alone | X | X | X | |||||||
U.S. Core Equity 2 Portfolio | Stand Alone | X | X | X | |||||||
U.S. Vector Equity Portfolio | Stand Alone | X | X | X | |||||||
U.S. Small Cap Portfolio | Stand Alone | X | X | X |
Name of Fund | Type of Fund | Proposal 1: Election of Directors/ Trustees for each Fund Company | Proposal 2: Approval of a “Manager of Managers” Structure | Proposal 3: Approval of New Sub-Advisory Agreements with DFA Australia and DFA London | Proposal 4: Approval of an Updated Investment Management Agreement with the Advisor | Proposal 5: Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities | Proposal 6: Approval of an Amendment to the Fundamental Investment Limitation Regarding Industry Concentration | Proposal 7: Provide Instructions for Feeder Fund Regarding Election of Trustees of Master Fund | Proposal 8: Provide Instructions for Feeder Fund Regarding Approval of a “Manager of Managers” Structure for Master Fund | Proposal 9: Provide Instructions for Feeder Fund Regarding Approval of an Updated Investment Management Agreement Between the Advisor and Master Fund | Proposal 10: Provide Instructions for Feeder Fund Regarding Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities of Master Fund |
U.S. Micro Cap Portfolio | Stand Alone | X | X | X | |||||||
DFA Real Estate Securities Portfolio | Stand Alone | X | X | X | |||||||
Large Cap International Portfolio | Stand Alone | X | X | X | X | ||||||
International Core Equity Portfolio | Stand Alone | X | X | X | X | ||||||
International Small Company Portfolio | Fund of Funds | X | X | X | X | ||||||
Japanese Small Company Portfolio | Feeder | X | X | X | X | X | X | X | X | ||
Asia Pacific Small Company Portfolio | Feeder | X | X | X | X | X | X | X | X | ||
United Kingdom Small Company Portfolio | Feeder | X | X | X | X | X | X | X | X | ||
Continental Small Company Portfolio | Feeder | X | X | X | X | X | X | X | X | ||
DFA International Real Estate Securities Portfolio | Stand Alone | X | X | X | X |
Name of Fund | Type of Fund | Proposal 1: Election of Directors/ Trustees for each Fund Company | Proposal 2: Approval of a “Manager of Managers” Structure | Proposal 3: Approval of New Sub-Advisory Agreements with DFA Australia and DFA London | Proposal 4: Approval of an Updated Investment Management Agreement with the Advisor | Proposal 5: Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities | Proposal 6: Approval of an Amendment to the Fundamental Investment Limitation Regarding Industry Concentration | Proposal 7: Provide Instructions for Feeder Fund Regarding Election of Trustees of Master Fund | Proposal 8: Provide Instructions for Feeder Fund Regarding Approval of a “Manager of Managers” Structure for Master Fund | Proposal 9: Provide Instructions for Feeder Fund Regarding Approval of an Updated Investment Management Agreement Between the Advisor and Master Fund | Proposal 10: Provide Instructions for Feeder Fund Regarding Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities of Master Fund |
DFA Global Real Estate Securities Portfolio | Fund of Funds | X | X | X | X | ||||||
DFA International Small Cap Value Portfolio | Stand Alone | X | X | X | X | ||||||
International Vector Equity Portfolio | Stand Alone | X | X | X | X | ||||||
World ex U.S. Value Portfolio | Fund of Funds | X | X | X | X | ||||||
World ex U.S. Targeted Value Portfolio | Fund of Funds | X | X | X | X | ||||||
World ex U.S. Core Equity Portfolio | Fund of Funds | X | X | X | X | ||||||
Selectively Hedged Global Equity Portfolio | Fund of Funds | X | X | X | X | ||||||
Emerging Markets Portfolio | Feeder | X | X | X | X | X | X | X | X | ||
Emerging Markets Value Portfolio | Feeder | X | X | X | X | X | X | X | X | ||
Emerging Markets Small Cap Portfolio | Feeder | X | X | X | X | X | X | X | X |
Name of Fund | Type of Fund | Proposal 1: Election of Directors/ Trustees for each Fund Company | Proposal 2: Approval of a “Manager of Managers” Structure | Proposal 3: Approval of New Sub-Advisory Agreements with DFA Australia and DFA London | Proposal 4: Approval of an Updated Investment Management Agreement with the Advisor | Proposal 5: Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities | Proposal 6: Approval of an Amendment to the Fundamental Investment Limitation Regarding Industry Concentration | Proposal 7: Provide Instructions for Feeder Fund Regarding Election of Trustees of Master Fund | Proposal 8: Provide Instructions for Feeder Fund Regarding Approval of a “Manager of Managers” Structure for Master Fund | Proposal 9: Provide Instructions for Feeder Fund Regarding Approval of an Updated Investment Management Agreement Between the Advisor and Master Fund | Proposal 10: Provide Instructions for Feeder Fund Regarding Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities of Master Fund |
Emerging Markets Core Equity Portfolio | Stand Alone | X | X | X | X | ||||||
DFA One-Year Fixed Income Portfolio | Stand Alone | X | X | X | X | X | X | ||||
DFA Two-Year Global Fixed Income Portfolio | Stand Alone | X | X | X | X | X | X | ||||
DFA Selectively Hedged Global Fixed Income Portfolio | Stand Alone | X | X | X | X | X | |||||
DFA Five-Year Global Fixed Income Portfolio | Stand Alone | X | X | X | X | X | |||||
DFA World ex U.S. Government Fixed Income Portfolio | Stand Alone | X | X | X | X | ||||||
DFA Short-Term Government Portfolio | Stand Alone | X | X | X | |||||||
DFA Intermediate Government Fixed Income Portfolio | Stand Alone | X | X | X | |||||||
DFA Short-Term Extended Quality Portfolio | Stand Alone | X | X | X | X | X |
Name of Fund | Type of Fund | Proposal 1: Election of Directors/ Trustees for each Fund Company | Proposal 2: Approval of a “Manager of Managers” Structure | Proposal 3: Approval of New Sub-Advisory Agreements with DFA Australia and DFA London | Proposal 4: Approval of an Updated Investment Management Agreement with the Advisor | Proposal 5: Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities | Proposal 6: Approval of an Amendment to the Fundamental Investment Limitation Regarding Industry Concentration | Proposal 7: Provide Instructions for Feeder Fund Regarding Election of Trustees of Master Fund | Proposal 8: Provide Instructions for Feeder Fund Regarding Approval of a “Manager of Managers” Structure for Master Fund | Proposal 9: Provide Instructions for Feeder Fund Regarding Approval of an Updated Investment Management Agreement Between the Advisor and Master Fund | Proposal 10: Provide Instructions for Feeder Fund Regarding Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities of Master Fund |
DFA Intermediate-Term Extended Quality Portfolio | Stand Alone | X | X | X | X | X | |||||
DFA Investment Grade Portfolio | Fund of Funds | X | X | X | X | ||||||
DFA Inflation-Protected Securities Portfolio | Stand Alone | X | X | X | |||||||
DFA Short-Duration Real Return Portfolio | Stand Alone | X | X | X | X | X | |||||
DFA Short-Term Municipal Bond Portfolio | Stand Alone | X | X | X | |||||||
DFA Intermediate-Term Municipal Bond Portfolio | Stand Alone | X | X | X | |||||||
DFA California Short-Term Municipal Bond Portfolio | Stand Alone | X | X | X | |||||||
DFA California Intermediate-Term Municipal Bond Portfolio | Stand Alone | X | X | X | |||||||
DFA Municipal Real Return Portfolio | Stand Alone | X | X | X |
Name of Fund | Type of Fund | Proposal 1: Election of Directors/ Trustees for each Fund Company | Proposal 2: Approval of a “Manager of Managers” Structure | Proposal 3: Approval of New Sub-Advisory Agreements with DFA Australia and DFA London | Proposal 4: Approval of an Updated Investment Management Agreement with the Advisor | Proposal 5: Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities | Proposal 6: Approval of an Amendment to the Fundamental Investment Limitation Regarding Industry Concentration | Proposal 7: Provide Instructions for Feeder Fund Regarding Election of Trustees of Master Fund | Proposal 8: Provide Instructions for Feeder Fund Regarding Approval of a “Manager of Managers” Structure for Master Fund | Proposal 9: Provide Instructions for Feeder Fund Regarding Approval of an Updated Investment Management Agreement Between the Advisor and Master Fund | Proposal 10: Provide Instructions for Feeder Fund Regarding Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities of Master Fund |
Tax-Managed U.S. Marketwide Value Portfolio | Feeder | X | X | X | X | X | X | ||||
Tax-Managed U.S. Targeted Value Portfolio | Stand Alone | X | X | X | |||||||
Tax-Managed U.S. Equity Portfolio | Stand Alone | X | X | X | |||||||
Tax-Managed U.S. Small Cap Portfolio | Stand Alone | X | X | X | |||||||
T.A. U.S. Core Equity 2 Portfolio | Stand Alone | X | X | X | |||||||
Tax-Managed DFA International Value Portfolio | Stand Alone | X | X | X | X | ||||||
T.A. World ex U.S. Core Equity Portfolio | Stand Alone | X | X | X | X | ||||||
LWAS/DFA International High Book to Market Portfolio | Feeder | X | X | X | X | X | X | X | X | ||
U.S. Social Core Equity 2 Portfolio | Stand Alone | X | X | X |
Name of Fund | Type of Fund | Proposal 1: Election of Directors/ Trustees for each Fund Company | Proposal 2: Approval of a “Manager of Managers” Structure | Proposal 3: Approval of New Sub-Advisory Agreements with DFA Australia and DFA London | Proposal 4: Approval of an Updated Investment Management Agreement with the Advisor | Proposal 5: Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities | Proposal 6: Approval of an Amendment to the Fundamental Investment Limitation Regarding Industry Concentration | Proposal 7: Provide Instructions for Feeder Fund Regarding Election of Trustees of Master Fund | Proposal 8: Provide Instructions for Feeder Fund Regarding Approval of a “Manager of Managers” Structure for Master Fund | Proposal 9: Provide Instructions for Feeder Fund Regarding Approval of an Updated Investment Management Agreement Between the Advisor and Master Fund | Proposal 10: Provide Instructions for Feeder Fund Regarding Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities of Master Fund |
U.S. Sustainability Core 1 Portfolio | Stand Alone | X | X | X | |||||||
International Sustainability Core 1 Portfolio | Stand Alone | X | X | X | X | ||||||
DFA International Value ex Tobacco Portfolio | Stand Alone | X | X | X | X | ||||||
International Social Core Equity Portfolio | Stand Alone | X | X | X | X | ||||||
Emerging Markets Social Core Equity Portfolio | Stand Alone | X | X | X | X | ||||||
CSTG&E U.S. Social Core Equity 2 Portfolio | Stand Alone | X | X | X | |||||||
CSTG&E International Social Core Equity Portfolio | Stand Alone | X | X | X | X | ||||||
DFA Commodity Strategy Portfolio | Stand Alone | X | X | X | |||||||
U.S. Large Cap Growth Portfolio | Stand Alone | X | X | X |
Name of Fund | Type of Fund | Proposal 1: Election of Directors/ Trustees for each Fund Company | Proposal 2: Approval of a “Manager of Managers” Structure | Proposal 3: Approval of New Sub-Advisory Agreements with DFA Australia and DFA London | Proposal 4: Approval of an Updated Investment Management Agreement with the Advisor | Proposal 5: Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities | Proposal 6: Approval of an Amendment to the Fundamental Investment Limitation Regarding Industry Concentration | Proposal 7: Provide Instructions for Feeder Fund Regarding Election of Trustees of Master Fund | Proposal 8: Provide Instructions for Feeder Fund Regarding Approval of a “Manager of Managers” Structure for Master Fund | Proposal 9: Provide Instructions for Feeder Fund Regarding Approval of an Updated Investment Management Agreement Between the Advisor and Master Fund | Proposal 10: Provide Instructions for Feeder Fund Regarding Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities of Master Fund |
U.S. Small Cap Growth Portfolio | Stand Alone | X | X | X | |||||||
International Large Cap Growth Portfolio | Stand Alone | X | X | X | X | ||||||
International Small Cap Growth Portfolio | Stand Alone | X | X | X | X | ||||||
World Core Equity Portfolio | Fund of Funds | X | X | X | X | ||||||
Dimensional Retirement Fixed Income Fund II | Fund of Funds | X | X | X | X | ||||||
Dimensional Retirement Fixed Income Fund III | Stand Alone | X | X | X | X | ||||||
Dimensional Investment Group Inc. (Maryland Corporation) | |||||||||||
U.S. Large Company Portfolio | Stand Alone | X | X | X | |||||||
DFA International Value Portfolio | Feeder | X | X | X | X | X | X | X | X | ||
LWAS/DFA U.S. High Book to Market Portfolio | Feeder | X | X | X | X | X | X |
Name of Fund | Type of Fund | Proposal 1: Election of Directors/ Trustees for each Fund Company | Proposal 2: Approval of a “Manager of Managers” Structure | Proposal 3: Approval of New Sub-Advisory Agreements with DFA Australia and DFA London | Proposal 4: Approval of an Updated Investment Management Agreement with the Advisor | Proposal 5: Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities | Proposal 6: Approval of an Amendment to the Fundamental Investment Limitation Regarding Industry Concentration | Proposal 7: Provide Instructions for Feeder Fund Regarding Election of Trustees of Master Fund | Proposal 8: Provide Instructions for Feeder Fund Regarding Approval of a “Manager of Managers” Structure for Master Fund | Proposal 9: Provide Instructions for Feeder Fund Regarding Approval of an Updated Investment Management Agreement Between the Advisor and Master Fund | Proposal 10: Provide Instructions for Feeder Fund Regarding Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities of Master Fund |
LWAS/DFA Two-Year Fixed Income Portfolio | Stand Alone | X | X | X | X | X | X | ||||
LWAS/DFA Two-Year Government Portfolio | Stand Alone | X | X | X | |||||||
Global Equity Portfolio | Fund of Funds | X | X | X | X | ||||||
Global Allocation 60/40 Portfolio | Fund of Funds | X | X | X | X | ||||||
Global Allocation 25/75 Portfolio | Fund of Funds | X | X | X | X | ||||||
U.S. Large Cap Value Portfolio II | Feeder | X | X | X | X | X | X | ||||
U.S. Large Cap Value Portfolio III | Feeder | X | X | X | X | X | X | ||||
DFA International Value Portfolio II | Feeder | X | X | X | X | X | X | X | X | ||
DFA International Value Portfolio III | Feeder | X | X | X | X | X | X | X | X | ||
DFA International Value Portfolio IV | Feeder | X | X | X | X | X | X | X | X |
Name of Fund | Type of Fund | Proposal 1: Election of Directors/ Trustees for each Fund Company | Proposal 2: Approval of a “Manager of Managers” Structure | Proposal 3: Approval of New Sub-Advisory Agreements with DFA Australia and DFA London | Proposal 4: Approval of an Updated Investment Management Agreement with the Advisor | Proposal 5: Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities | Proposal 6: Approval of an Amendment to the Fundamental Investment Limitation Regarding Industry Concentration | Proposal 7: Provide Instructions for Feeder Fund Regarding Election of Trustees of Master Fund | Proposal 8: Provide Instructions for Feeder Fund Regarding Approval of a “Manager of Managers” Structure for Master Fund | Proposal 9: Provide Instructions for Feeder Fund Regarding Approval of an Updated Investment Management Agreement Between the Advisor and Master Fund | Proposal 10: Provide Instructions for Feeder Fund Regarding Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities of Master Fund |
Tax-Managed U.S. Marketwide Value Portfolio II | Feeder | X | X | X | X | X | X | ||||
Emerging Markets Portfolio II | Feeder | X | X | X | X | X | X | X | X | ||
The DFA Investment Trust Company (Delaware Statutory Trust) | |||||||||||
The U.S. Large Cap Value Series | Master | X | X | ||||||||
The Tax-Managed U.S. Marketwide Value Series | Master | X | X | X | |||||||
The DFA International Value Series | Master | X | X | X | X | ||||||
The Japanese Small Company Series | Master | X | X | X | X | ||||||
The Asia Pacific Small Company Series | Master | X | X | X | X | ||||||
The United Kingdom Small Company Series | Master | X | X | X | X | ||||||
The Continental Small Company Series | Master | X | X | X | X |
Name of Fund | Type of Fund | Proposal 1: Election of Directors/ Trustees for each Fund Company | Proposal 2: Approval of a “Manager of Managers” Structure | Proposal 3: Approval of New Sub-Advisory Agreements with DFA Australia and DFA London | Proposal 4: Approval of an Updated Investment Management Agreement with the Advisor | Proposal 5: Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities | Proposal 6: Approval of an Amendment to the Fundamental Investment Limitation Regarding Industry Concentration | Proposal 7: Provide Instructions for Feeder Fund Regarding Election of Trustees of Master Fund | Proposal 8: Provide Instructions for Feeder Fund Regarding Approval of a “Manager of Managers” Structure for Master Fund | Proposal 9: Provide Instructions for Feeder Fund Regarding Approval of an Updated Investment Management Agreement Between the Advisor and Master Fund | Proposal 10: Provide Instructions for Feeder Fund Regarding Approval of an Amendment to the Fundamental Investment Limitation Regarding Investment in Commodities of Master Fund |
The Canadian Small Company Series | Vehicle for Fund of Funds | X | X | X | |||||||
The Emerging Markets Series | Master | X | X | X | X | ||||||
The Emerging Markets Small Cap Series | Master | X | X | X | X | ||||||
The DFA Short Term Investment Fund | Money Market Fund | X | X | X | |||||||
Dimensional Emerging Markets Value Fund (Delaware Statutory Trust) | |||||||||||
Dimensional Emerging Markets Value Fund | Master | X | X | X | X |
of the Boards of Directors of
DFA Investment Dimensions Group Inc. (“DFAIDG”) and
Dimensional Investment Group Inc. (“DIG”) and
of the Boards of Trustees of
Dimensional Emerging Markets Value Fund (“DEM”) and
The DFA Investment Trust Company (“DFAITC”)
I. | The Committee. |
II. | Board Nominations and Functions. |
III. | Other Powers and Responsibilities. |
• | whether or not the person is an “interested person,” as defined in the 1940 Act, and is otherwise qualified under applicable laws and regulations to serve as a member of the Board; |
• | whether or not the person has any relationships that might impair his or her independence, such as any business, financial, or family relationships (i) with Fund management, the investment advisor and/or sub-advisors of the Funds, Fund service providers or their affiliates; or (ii) that may be perceived as being inconsistent with serving on the board of directors of a registered investment company; |
• | whether or not the person is willing to serve, and willing and able to commit the time necessary for the performance of the duties of a Board member; |
• | the person’s judgment, skill, diversity, and experience with registered investment companies and other organizations of comparable purpose, complexity and size and subject to similar legal restrictions and oversight; |
• | the business activities of the Funds, including any new marketing or investment initiatives, and whether the candidate possesses relevant experience in these areas; |
• | whether the person’s business background or other business activities would be incompatible with the Funds’ and management’s business purposes; |
• | the interplay of the candidate’s experience with the experience of other Board members and how the candidate and his or her academic or business experience will be perceived by the Dimensional Funds’ shareholders; and |
• | the extent to which the candidate would be a desirable addition to the Board and any committees thereof. |
Name and Age | Position | Term of Office1 and Length of Service | Principal Occupation During Past 5 Years |
April A. Aandal Age: 51 | Vice President | Since 2008 | Vice President of all the DFA Entities. |
Robyn G. Alcorta Age: 40 | Vice President | Since 2012 | Vice President of all the DFA Entities. Formerly, Vice President, Business Development at Capson Physicians Insurance Company (2010-2012); and Vice President at Charles Schwab (2007-2010). |
Darryl D. Avery Age: 48 | Vice President | Since 2005 | Vice President of all the DFA Entities. |
Arthur H. Barlow Age: 59 | Vice President | Since 1993 | Vice President of all the DFA Entities. Director and Managing Director of Dimensional Fund Advisors Ltd (since September 2013). |
Peter Bergan Age: 41 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Senior Infrastructure Manager for Dimensional Fund Advisors LP (January 2011 – January 2014); Partner at Stonehouse Consulting (2010). |
Lana Bergstein Age: 40 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Client Service Manager for Dimensional Fund Advisors LP (February 2008 – January 2014). |
Stanley W. Black Age: 44 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Senior Research Associate (January 2012 – January 2014) and Research Associate (2006-2011) for Dimensional Fund Advisors LP |
David G. Booth Age: 68 | Chairman, Director, President and Co-Chief Executive Officer | Since Inception | Chairman, Director/Trustee, President, Co-Chief Executive Officer and formerly, Chief Executive Officer (until 1/1/2010) of the DFA Entities; Director of Dimensional Fund Advisors Ltd.; formerly, Chief Investment Officer. Director of DFA Australia Limited and formerly, President and Chief Investment Officer; Director of Dimensional Advisors Ltd., Dimensional Funds plc and Dimensional Funds II plc; formerly, President, Dimensional SmartNest (US) LLC (2009-2014). Formerly, Limited Partner, Oak Hill Partners (2001-2010); Limited Partner, VSC Investors, LLC (since 2007); Trustee, University of Chicago; Trustee, University of Kansas Endowment Association; formerly, Director, SA Funds (registered investment company); Chairman, Director and Co-Chief Executive Officer of Dimensional Fund Advisors Canada ULC. Director; President (since 2012) of Dimensional Japan Ltd.; and Chairman, Director, President and Co-Chief Executive Officer of Dimensional Cayman Commodity Fund I Ltd. (since 2010). |
Aaron T. Borders Age: 41 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (April 2008 – January 2014). |
Scott A. Bosworth Age: 46 | Vice President | Since 2007 | Vice President of all the DFA Entities. |
Valerie A. Brown Age: 48 | Vice President and Assistant Secretary | Since 2001 | Vice President and Assistant Secretary of all the DFA Entities, DFA Australia Limited, Dimensional Fund Advisors Ltd., Dimensional Cayman Commodity Fund I Ltd., Dimensional Fund Advisors Pte. and Dimensional Hong Kong Limited; and Director, Vice President and Assistant Secretary of Dimensional Fund Advisors Canada ULC. |
David P. Butler Age: 50 | Vice President | Since 2007 | Vice President of all the DFA Entities. Head of Global Financial Services for Dimensional Fund Advisors LP (since 2008). |
Douglas M. Byrkit Age: 44 | Vice President | Since 2012 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (December 2010 – January 2012); and Regional Director at Russell Investments (April 2006 – December 2010). |
Hunt M. Cairns Age: 41 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Regional Director (January 2010 – January 2014) and Senior Associate (July 2008 – December 2009) for Dimensional Fund Advisors LP. |
Name and Age | Position | Term of Office1 and Length of Service | Principal Occupation During Past 5 Years |
James G. Charles Age: 58 | Vice President | Since 2011 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (2008-2010). |
Joseph H. Chi Age: 48 | Vice President | Since 2009 | Vice President of all the DFA Entities; Co-Head of Portfolio Management (since March 2012) and Senior Portfolio Manager (since January 2012) for Dimensional Fund Advisors LP; and formerly, Portfolio Manager for Dimensional Fund Advisors LP (October 2005 – January 2012). |
PilSun Choi Age: 42 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Counsel for Dimensional Fund Advisors LP (April 2012 – January 2014); and Vice President and Counsel for AllianceBernstein L.P. (2006-2012). |
Stephen A. Clark Age: 42 | Vice President | Since 2004 | Vice President of all the DFA Entities, DFA Australia Limited and Dimensional Fund Advisors Canada ULC; Head of Global Institutional Services for Dimensional Fund Advisors LP (since January 2014); and formerly, Head of Institutional, North America (March 2012 – December 2013) and Head of Portfolio Management (January 2006 – March 2012) for Dimensional Fund Advisors LP. |
Matt B. Cobb Age: 43 | Vice President | Since 2013 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (September 2011 – March 2013); Vice President at MullinTBG (2005-2011). |
Rose C. Cooke Age: 43 | Vice President | Since 2013 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (August 2010 – March 2014); Vice President, Sales and Business Development at AdvisorsIG (PPMG) (2009-2010); and Vice President at Credit Suisse (2007-2009). |
Ryan Cooper Age: 35 | Vice President | Since 2013 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (2003 – March 2014). |
Jeffrey D. Cornell Age: 38 | Vice President | Since 2012 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (August 2002 – January 2012). |
Robert P. Cornell Age: 65 | Vice President | Since 2007 | Vice President of all the DFA Entities. |
George H. Crane Age: 59 | Vice President | Since 2010 | Vice President of all the DFA Entities. Formerly, Senior Vice President and Managing Director at State Street Bank & Trust Company (2007-2008). |
Christopher S. Crossan Age: 49 | Vice President and Global Chief Compliance Officer | Since 2004 | Vice President and Chief Compliance Officer of all the DFA Entities, DFA Australia Limited and Dimensional Fund Advisors Ltd. Chief Compliance Officer of Dimensional Fund Advisors Canada. Formerly, Vice President and Chief Compliance Officer for Dimensional SmartNest (US) LLC (October 2010 – 2014). |
James L. Davis Age: 58 | Vice President | Since 1999 | Vice President of all the DFA Entities. |
Robert T. Deere Age: 57 | Vice President | Since 1994 | Vice President of all the DFA Entities, DFA Australia Limited and Dimensional Fund Advisors Canada ULC. |
Johnathan K. DeKinder Age: 36 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Regional Director (January 2012 – January 2014) and Senior Associate (August 2010 – December 2011) for Dimensional Fund Advisors LP; and MBA and MPA at the University of Texas at Austin (August 2007 – May 2010). |
Peter F. Dillard Age: 43 | Vice President | Since 2010 | Vice President of all the DFA Entities. Formerly, Research Associate (August 2008 – March 2010) and Research Assistant (April 2006 – August 2008) for Dimensional Fund Advisors LP. |
Robert W. Dintzner Age: 44 | Vice President | Since 2001 | Vice President of all the DFA Entities. |
Karen M. Dolan Age: 35 | Vice President | Since 2014 | Vice President of all the DFA Entities. Head of Marketing for Dimensional Fund Advisors LP (since February 2013). Formerly, Senior Manager of Research and Marketing for Dimensional Fund Advisors LP (June 2012 – January 2013); and Director of Mutual Fund Analysis at Morningstar (January 2008 – May 2012). |
Name and Age | Position | Term of Office1 and Length of Service | Principal Occupation During Past 5 Years |
Richard A. Eustice Age: 49 | Vice President and Assistant Secretary | Since 1998 | Vice President and Assistant Secretary of all the DFA Entities and DFA Australia Limited. Chief Operating Officer for Dimensional Fund Advisors Pte. Ltd. (since April 2013); and formerly, Chief Operating Officer for Dimensional Fund Advisors Ltd. (July 2008 – March 2013). |
Gretchen A. Flicker Age: 43 | Vice President | Since 2004 | Vice President of all the DFA Entities. |
Jed S. Fogdall Age: 40 | Vice President | Since 2008 | Vice President of all the DFA Entities. Co-Head of Portfolio Management (since March 2012) and Senior Portfolio Manager (since January 2012) for Dimensional Fund Advisors LP. Formerly, Portfolio Manager for Dimensional Fund Advisors LP (September 2004 – January 2012). |
Edward A. Foley Age: 38 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (August 2011 – January 2014); Senior Vice President of First Trust Advisors L.P. (2007 – July 2011). |
Jeremy P. Freeman Age: 44 | Vice President | Since 2009 | Vice President of all the DFA Entities. |
Mark R. Gochnour Age: 47 | Vice President | Since 2007 | Vice President of all the DFA Entities. |
Tom M. Goodrum Age: 46 | Vice President | Since 2012 | Vice President of all the DFA Entities. Formerly, Managing Director at BlackRock (2004 – January 2012). |
Henry F. Gray Age: 47 | Vice President | Since 2000 | Vice President of all the DFA Entities. |
John T. Gray Age: 40 | Vice President | Since 2007 | Vice President of all the DFA Entities. |
Christian Gunther Age: 40 | Vice President | Since 2011 | Vice President of all the DFA Entities. Senior Trader for Dimensional Fund Advisors LP (since 2012). Formerly, Senior Trader (2009-2012). |
Robert W. Hawkins Age: 41 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Counsel for Dimensional Fund Advisors LP (January 2011 – January 2014); and Vice President and Senior Counsel for State Street Global Advisors (November 2008 – January 2011). |
Joel H. Hefner Age: 47 | Vice President | Since 2007 | Vice President of all the DFA Entities. |
Julie C. Henderson Age: 40 | Vice President and Fund Controller | Since 2005 | Vice President and Fund Controller of all the DFA Entities, Dimensional Cayman Commodity Fund I Ltd. and Dimensional Japan Ltd. |
Kevin B. Hight Age: 47 | Vice President | Since 2005 | Vice President of all the DFA Entities. |
Christine W. Ho Age: 47 | Vice President | Since 2004 | Vice President of all the DFA Entities. |
Michael C. Horvath Age: 54 | Vice President | Since 2011 | Vice President of all the DFA Entities. Formerly, Managing Director, Co-Head Global Consultant Relations at BlackRock (2004-2011). |
Jeff J. Jeon Age: 41 | Vice President | Since 2004 | Vice President of all the DFA Entities and Dimensional Cayman Commodity Fund I Ltd. |
Garret D. Jones Age: 43 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Manager of Sales and Marketing Systems (January 2011 – January 2014) and Project Manager (2007-2010) for Dimensional Fund Advisors LP. |
Stephen W. Jones Age: 46 | Vice President | Since 2012 | Vice President of all the DFA Entities. Formerly, Facilities Manager for Dimensional Fund Advisors LP (October 2008 – January 2012). |
Name and Age | Position | Term of Office1 and Length of Service | Principal Occupation During Past 5 Years |
David M. Kavanaugh Age: 36 | Vice President | Since 2014 | Vice President of all the DFA Entities. Head of Operations for Financial Advisor Services for Dimensional Fund Advisors LP (since July 2014); formerly, Counsel of Dimensional Fund Advisors LP (August 2011 – January 2014); and Associate at Andrews Kurth LLP (2006-2011). |
Patrick M. Keating Age: 60 | Vice President | Since 2003 | Vice President of all the DFA Entities, Dimensional Cayman Commodity Fund I Ltd., Dimensional Japan Ltd. and Dimensional Advisors Ltd.; Chief Operating Officer of Dimensional Holdings Inc., DFA Securities LLC, Dimensional Fund Advisors LP, Dimensional Cayman Commodity Fund I Ltd., Dimensional Japan Ltd., Dimensional Advisors Ltd.; and Dimensional Fund Advisors Pte. Ltd.; Director, Vice President, and Chief Privacy Officer of Dimensional Fund Advisors Canada ULC; Director of DFA Australia Limited, Dimensional Fund Advisors Ltd.; and Dimensional Japan Ltd. and Dimensional Advisors Ltd. Director and Vice President of Dimensional Hong Kong Limited and Dimensional Fund Advisors Pte. Ltd. |
Andrew K. Keiper Age: 37 | Vice President | Since 2013 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (October 2004 – January 2013). |
Glenn E. Kemp Age: 66 | Vice President | Since 2012 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (April 2006 – January 2012). |
David M. Kershner Age: 43 | Vice President | Since 2010 | Vice President of all the DFA Entities. Portfolio Manager for Dimensional Fund Advisors LP (since June 2004). |
Kimberly L. Kiser Age: 42 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Creative Director for Dimensional Fund Advisors LP (September 2012 – January 2014); Vice President and Global Creative Director at Morgan Stanley (2007-2012); and Visiting Assistant Professor, Graduate Communications Design at Pratt Institute (2004-2012). |
Timothy R. Kohn Age: 43 | Vice President | Since 2011 | Vice President of all the DFA Entities. Head of Defined Contribution Sales for Dimensional Fund Advisors LP (since August 2010). |
Joseph F. Kolerich Age: 43 | Vice President | Since 2004 | Vice President of all the DFA Entities. Senior Portfolio Manager of Dimensional Fund Advisors LP (since January 2012). Formerly, Portfolio Manager for Dimensional (April 2001 – January 2012). |
Mark D. Krasniewski Age: 33 | Vice President | Since 2013 | Vice President of all the DFA Entities. Formerly, Senior Associate, Investment Analytics and Data (January 2012 – December 2012) and Systems Developer (June 2007 – December 2011) for Dimensional Fund Advisors LP. |
Kahne L. Krause Age: 48 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Regional Director (May 2010 – January 2014) for Dimensional Fund Advisors LP. |
Stephen W. Kurad Age: 46 | Vice President | Since 2011 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (2007-2010). |
Michael F. Lane Age: 47 | Vice President | Since 2004 | Vice President of all the DFA Entities. Formerly, Chief Executive Officer for Dimensional SmartNest (US) LLC (July 2012 – November 2014). |
Francis R. Lao Age: 45 | Vice President | Since 2011 | Vice President of all the DFA Entities. Formerly, Vice President – Global Operations at Janus Capital Group (2005-2011). |
David F. LaRusso Age: 36 | Vice President | Since 2013 | Vice President of all the DFA Entities. Formerly, Senior Trader (January 2010 – December 2012) and Trader (2000-2009) for Dimensional Fund Advisors LP. |
Juliet H. Lee Age: 44 | Vice President | Since 2005 | Vice President of all the DFA Entities. |
Marlena I. Lee Age: 34 | Vice President | Since 2011 | Vice President of all the DFA Entities. Formerly, Research Associate for Dimensional Fund Advisors LP (July 2008-2010). |
John B. Lessley Age: 54 | Vice President | Since 2013 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (January 2008 – January 2013). |
Apollo D. Lupescu Age: 45 | Vice President | Since 2009 | Vice President of all the DFA Entities. |
Name and Age | Position | Term of Office1 and Length of Service | Principal Occupation During Past 5 Years |
Peter Magnusson Age: 45 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (January 2011 – January 2014); Vice President at Columbia Management (2004-2010). |
Kenneth M. Manell Age: 42 | Vice President | Since 2010 | Vice President of all the DFA Entities and Dimensional Cayman Commodity Fund I Ltd. Formerly, Counsel for Dimensional Fund Advisors LP (September 2006 – January 2010). |
Aaron M. Marcus Age: 44 | Vice President | Since 2008 | Vice President of all DFA Entities and Head of Global Human Resources for Dimensional Fund Advisors LP. |
David R. Martin Age: 58 | Vice President, Chief Financial Officer and Treasurer | Since 2007 | Vice President, Chief Financial Officer and Treasurer of all the DFA Entities; Director, Vice President, Chief Financial Officer and Treasurer of Dimensional Fund Advisors Ltd., DFA Australia Limited, Dimensional Advisors Pte. Ltd., Dimensional Hong Kong Limited, Dimensional Fund Advisors Canada ULC, and Dimensional Cayman Commodity Fund I Ltd.; Director of Dimensional Funds plc and Dimensional Funds II plc; Statutory Auditor of Dimensional Japan Ltd.; and formerly, Chief Financial Officer, Treasurer and Vice President of Dimensional SmartNest (US) LLC (October 2010 – November 2014). |
Bryan R. McClune Age: 39 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Regional Director of Dimensional Fund Advisors LP (January 2009 – January 2014). |
Philip P. McInnis Age: 30 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Regional Director (January 2009 – January 2014) and Senior Associate (2011) for Dimensional Fund Advisors LP; Investment Consultant (March 2010 – December 2010) and Investment Analyst (December 2007 – March 2010) at Towers Watson. |
Jonathan G. Nelson Age: 43 | Vice President | Since 2013 | Vice President of all the DFA Entities. Formerly, Manager, Investment Systems (2011 – January 2013) and Project Manager (2007-2010) for Dimensional Fund Advisors LP. |
Catherine L. Newell Age: 50 | Vice President and Secretary | Vice President since 1997 and Secretary since 2000 | Vice President and Secretary of all the DFA Entities; Director, Vice President and Secretary of DFA Australia Limited and Dimensional Fund Advisors Ltd. (since February 2002, April 1997, and May 2002, respectively); Vice President and Secretary of Dimensional Fund Advisors Canada ULC (since June 2003), Dimensional Cayman Commodity Fund I Ltd., Dimensional Japan Ltd (since February 2012), Dimensional Advisors Ltd (since March 2012), Dimensional Fund Advisors Pte. Ltd. (since June 2012); Director of Dimensional Funds plc and Dimensional Funds II plc (since 2002 and 2006, respectively); Director of Dimensional Japan Ltd., Dimensional Advisors Ltd., Dimensional Fund Advisors Pte. Ltd. and Dimensional Hong Kong Limited (since August 2012 and July 2012); and formerly, Vice President and Secretary of Dimensional SmartNest (US) LLC (October 2010 – November 2014). |
Pamela B. Noble Age: 50 | Vice President | Since 2011 | Vice President of all the DFA Entities. Formerly, Portfolio Manager for Dimensional Fund Advisors LP (2008-2010). |
Selwyn Notelovitz Age: 53 | Vice President | Since 2013 | Vice President of all the DFA Entities. Deputy Chief Compliance Officer of Dimensional Fund Advisors LP (since December 2012). Formerly, Chief Compliance Officer of Wellington Management Company, LLP (2004-2011). |
Carolyn L. O Age: 40 | Vice President | Since 2010 | Vice President of all the DFA Entities and Dimensional Cayman Commodity Fund I Ltd.; Deputy General Counsel, Funds (since 2011). Formerly, Counsel for Dimensional Fund Advisors LP (2007-2010). |
Gerard K. O’Reilly Age: 38 | Vice President and Co-Chief Investment Officer | Vice President Since 2007 Co-Chief Investment Officer Since 2014 | Vice President and Co-Chief Investment Officer of all the DFA Entities and Dimensional Fund Advisors Canada ULC; and Director of Dimensional Funds plc and Dimensional Fund II plc. |
Daniel C. Ong Age: 41 | Vice President | Since 2009 | Vice President of all the DFA Entities. Portfolio Manager for Dimensional Fund Advisors LP (since July 2005). |
Kyle K. Ozaki Age: 36 | Vice President | Since 2010 | Vice President of all the DFA Entities. Formerly, Senior Compliance Officer (January 2008 – January 2010) and Compliance Officer (February 2006 – December 2007) for Dimensional Fund Advisors LP. |
Name and Age | Position | Term of Office1 and Length of Service | Principal Occupation During Past 5 Years |
Matthew A. Pawlak Age: 37 | Vice President | Since 2013 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (2012 – January 2013); Senior Consultant (June 2011 – December 2011) and Senior Investment Analyst and Consultant (July 2008 – June 2011) at Hewitt EnnisKnupp. |
David A. Plecha Age: 53 | Vice President | Since 1993 | Vice President of all the DFA Entities, DFA Australia Limited, Dimensional Fund Advisors Ltd. and Dimensional Fund Advisors Canada ULC. |
Allen Pu Age: 44 | Vice President | Since 2011 | Vice President of all the DFA Entities. Portfolio Manager for Dimensional Fund Advisors LP (since 2006). |
Theodore W. Randall Age: 41 | Vice President | Since 2008 | Vice President of all the DFA Entities. Formerly, Research Associate for Dimensional Fund Advisors LP (2006 to 2008). |
David J. Rapozo Age: 47 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (January 2011 – January 2014); Vice President at BlackRock (2009-2010). |
Mark A. Regier Age: 45 | Vice President | Since 2013 | Vice President of all the DFA Entities. Formerly, Planning and Analysis Manager for Dimensional Fund Advisors LP (July 2007 – January 2014). |
Eduardo A. Repetto Age: 48 | Director, Co-Chief Executive Officer and Chief Investment Officer | Since 2002 | Co-Chief Executive Officer (beginning January 2010), Co-Chief Investment Officer (since June 2014), Director/Trustee, and formerly, Chief Investment Officer (March 2007 – June 2014) of the DFA Entities; Director, Co-Chief Executive Officer and Chief Investment Officer (since 2010) of Dimensional Cayman Commodity Fund I Ltd.; Director, Co-Chief Executive Officer, President and Co-Chief Investment Officer of Dimensional Fund Advisors Canada ULC and formerly, Chief Investment Officer (until April 2014); Co-Chief Investment Officer, Vice President, and Director of DFA Australia Limited and formerly, Chief Investment Officer (until April 2014); Director of Dimensional Fund Advisors Ltd., Dimensional Funds plc, Dimensional Funds II plc and Dimensional Advisors Ltd.; formerly, Vice President of the DFA Entities and Dimensional Fund Advisors Canada ULC; and Director and Chief Investment Officer (since December 2012) of Dimensional Japan Ltd. |
Savina B. Rizova Age: 33 | Vice President | Since 2012 | Vice President of all the DFA Entities. Formerly, Research Associate (June 2011 – January 2012) for Dimensional Fund Advisors LP. |
L. Jacobo Rodríguez Age: 43 | Vice President | Since 2005 | Vice President of all the DFA Entities. |
Oliver J. Rowe Age: 54 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Senior Manager, Human Resources for Dimensional Fund Advisors LP (January 2012 – January 2014); and Director of Human Resources at Spansion, Inc. (March 2009 – December 2011). |
Julie A. Saft Age: 55 | Vice President | Since 2010 | Vice President of all the DFA Entities. Formerly, Client Systems Manager for Dimensional Fund Advisors LP (July 2008 – January 2010); and Senior Manager at Vanguard (November 1997 – July 2008). |
Walid A. Shinnawi Age: 53 | Vice President | Since 2010 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (March 2006 – January 2010). |
Bruce A. Simmons Age: 50 | Vice President | Since 2009 | Vice President of all the DFA Entities. Formerly, Investment Operations Manager for Dimensional Fund Advisors LP (May 2007 – January 2009). |
Ted R. Simpson Age: 46 | Vice President | Since 2007 | Vice President of all the DFA Entities. |
Bhanu P. Singh Age: 33 | Vice President | Since 2014 | Vice President of all the DFA Entities. Portfolio Manager for Dimensional Fund Advisors LP (since January 2012). Formerly, Vice President for DFA Australia Limited (January 2013 – January 2014); and Investment Associate for Dimensional Fund Advisors LP (August 2010 – December 2011). |
Bryce D. Skaff Age: 39 | Vice President | Since 2007 | Vice President of all the DFA Entities. |
Lukas J. Smart Age: 37 | Vice President | Since 2014 | Vice President of all the DFA Entities. Portfolio Manager of Dimensional Fund Advisors LP (since January 2010). |
Name and Age | Position | Term of Office1 and Length of Service | Principal Occupation During Past 5 Years |
Andrew D. Smith Age: 46 | Vice President | Since 2011 | Vice President of all the DFA Entities. Formerly, Project Manager for Dimensional Fund Advisors LP (2007-2010). |
Grady M. Smith Age: 58 | Vice President | Since 2004 | Vice President of all the DFA Entities and Dimensional Fund Advisors Canada ULC. |
Carl G. Snyder Age: 51 | Vice President | Since 2000 | Vice President of all the DFA Entities. |
Lawrence R. Spieth Age: 67 | Vice President | Since 2004 | Vice President of all the DFA Entities. |
Bradley G. Steiman Age: 41 | Vice President | Since 2004 | Vice President of all the DFA Entities and Director and Vice President of Dimensional Fund Advisors Canada ULC. |
Richard H. Tatlow Age: 43 | Vice President | Since 2013 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (April 2010 – January 2013). |
Blake T. Tatsuta Age: 42 | Vice President | Since 2013 | Vice President of all the DFA Entities. Formerly, Manager, Investment Analytics and Data (2012 – January 2013) and Research Assistant (2002-2011) for Dimensional Fund Advisors LP. |
Erik T. Totten Age: 35 | Vice President | Since 2013 | Vice President of all the DFA Entities. Formerly, Regional Director (2010 – January 2013) and Senior Associate (2007-2009) for Dimensional Fund Advisors LP. |
John H. Totten Age: 36 | Vice President | Since 2012 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (January 2008 – January 2012). |
Robert C. Trotter Age: 56 | Vice President | Since 2009 | Vice President of all the DFA Entities. |
Karen E. Umland Age: 48 | Vice President | Since 1997 | Vice President of all the DFA Entities, DFA Australia Limited, Dimensional Fund Advisors Ltd., and Dimensional Fund Advisors Canada ULC. |
Benjamin C. Walker Age: 35 | Vice President | Since 2014 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (September 2008 – January 2014). |
Brian J. Walsh Age: 44 | Vice President | Since 2009 | Vice President of all the DFA Entities. Portfolio Manager for Dimensional Fund Advisors LP (since 2004). |
Weston J. Wellington Age: 63 | Vice President | Since 1997 | Vice President of all the DFA Entities. |
Ryan J. Wiley Age: 38 | Vice President | Since 2007 | Vice President of all the DFA Entities. |
Paul E. Wise Age: 59 | Vice President | Since 2005 | Vice President of all the DFA Entities. |
Joseph L. Young Age: 36 | Vice President | Since 2011 | Vice President of all the DFA Entities. Formerly, Regional Director for Dimensional Fund Advisors LP (2005-2010). |
1 | Each officer holds office for an indefinite term at the pleasure of the Boards of Directors/Trustees and until his or her successor is elected and qualified. |
Dimensional Emerging Markets Value Fund
Dimensional Investment Group Inc.
The DFA Investment Trust Company
(together, the “Funds”)
A. | General |
B. | Pre-Approval of Audit Services to the Funds |
C. | Pre-Approval of Non-Audit Services to the Funds and to Service Affiliates—by Types of Services |
D. | Pre-Approval of Non-Audit Services to the Funds and to Service Affiliates—Project-by-Project Basis |
(a) | pre-approve, pre-approve subject to conditions, or disapprove any such requested services, or any proposed material change in services, whether to the Funds or to a Service Affiliate; or |
(b) | refer such matter to the full Committee for its consideration and action. |
E. | Amendment; Annual Review |
F. | Recordkeeping |
a. | DFA Australia shall have the authority and responsibility to select brokers or dealers to execute purchases and sales of eligible securities for the Portfolio. Such authority and responsibility shall include, without limitation, (i) providing investment and ancillary services for DFA and determining the best and most efficient means of purchasing and selling such portfolio securities in order to receive best price and execution, and (ii) allocating trades among brokers and dealers, including any affiliate of the Fund or of any investment advisor or affiliate thereof, subject to Section 17 of the Investment Company Act of 1940, as amended (the “1940 Act”). In carrying out its obligations hereunder, DFA Australia will act with a view to the Portfolio’s objectives, as set forth in the Fund’s registration statement, and otherwise communicated to DFA Australia by DFA, including the objectives of receiving best price and execution for portfolio transactions and of causing as little price fluctuation as possible. DFA Australia shall not receive any commission or rebate from any broker or dealer to whom it allocates trades nor shall it receive any commission from DFA based upon the allocation of trades. DFA will advise DFA Australia of changes in the Fund’s Amended and Restated Articles of Incorporation, Amended and Restated By-Laws, and registration statement, and any objectives not appearing therein, as they may be relevant to DFA Australia’s performance under this Agreement. DFA will furnish to DFA Australia reports on cash available for investment and needed for redemption payments. DFA shall be responsible to the Board of Directors of the Fund for the preparation of schedules of securities eligible for purchase and sale by the Portfolio (“execution schedules”), and shall prepare such schedules on at least a semi-annual basis, it being understood that DFA may consult with DFA Australia in connection therewith, and may delegate to DFA Australia the preparation of such schedules. On at least a semi-annual basis, DFA will review the Portfolio’s holdings, make, itself or in consultation with DFA Australia, any necessary adjustments to the execution schedules, and review the securities trading process and executions. DFA Australia is authorized to have orders executed for more or fewer shares than set forth on the execution schedules when market conditions and other factors permit or require, provided that such variances from the execution schedules are within the parameters agreed to by DFA, from time to time, or in specific cases. DFA Australia shall report the results of all trading activities and all such other information relating to portfolio transactions for the Portfolio as DFA may reasonably request, on a daily basis to DFA and any other entity designated by DFA, including, without limitation, the custodian of the Fund. DFA Australia shall review and coordinate its agency trading and execution strategies, practices, and results with DFA as frequently as reasonably requested. |
b. | DFA Australia shall maintain, and periodically review with DFA and the Fund, policies and procedures necessary to ensure the effectiveness of on-line communications systems between DFA Australia, DFA, and the Fund. |
c. | DFA Australia shall periodically provide DFA with data concerning the Asia Pacific markets, and it shall maintain and provide to DFA current financial information with respect to specific Asia Pacific securities on the execution schedules. DFA Australia shall also furnish DFA with advice and information regarding securities of Asia Pacific companies and shall provide DFA with such recommendations in connection with the investment therein by the Portfolio as DFA Australia shall deem necessary and advisable in light of the investment objective and policies of the Portfolio. |
DIMENSIONAL FUND ADVISORS LP | ||
By: | DIMENSIONAL HOLDINGS INC., | |
General Partner | ||
By: | ||
Name | ||
Title | ||
DFA AUSTRALIA LIMITED | ||
By: | ||
Name | ||
Title | ||
DFA INVESTMENT DIMENSIONS GROUP INC./DIMENSIONAL INVESTMENT GROUP INC. | ||
By: | ||
Name | ||
Title |
a. | DFAL shall have the authority and responsibility to select brokers or dealers to execute purchases and sales of eligible securities for the Portfolio. Such authority and responsibility shall include, without limitation, the maintenance of a trading desk; the determination of the best and most efficient means of purchasing and selling such portfolio securities in order to achieve best price and execution; and the allocation of trades among brokers and dealers, including any affiliate of the Fund or of any investment advisor or affiliate thereof, subject to Section 17 of the Investment Company Act of 1940, as amended (the “1940 Act”). In carrying out its obligations hereunder, DFAL will act with a view to the Portfolio’s objectives as set forth in the Fund’s prospectus and otherwise communicated to DFAL by DFA, including the objectives of receiving best price and execution for portfolio transactions and of causing as little price fluctuation in the market prices of securities being purchased or sold as reasonably possible under prevailing market circumstances as well as in light of the size of the transaction being executed. DFA will advise DFAL of changes in the Fund’s Amended and Restated Articles of Incorporation, Amended and Restated Bylaws, and prospectus and any objectives not appearing therein as they may be relevant to DFAL’s performance under this Agreement. DFA will furnish to DFAL reports on cash available for investment and needed for redemption payments. DFA shall be responsible to the Fund for the preparation of schedules of securities eligible for purchase and sale by the Portfolio (“execution schedules”), and shall prepare such schedules on at least a semi-annual basis, it being understood that DFA may consult with DFAL in connection therewith, and may delegate to DFAL the preparation of such schedules. On at least a semi-annual basis DFA will review the Portfolio’s holdings, make, itself or in consultation with DFAL, any necessary adjustments to the execution schedules and review the securities trading process and executions. DFAL is authorized to have orders executed for more or fewer shares than set forth on the execution schedules when market conditions and other factors permit or require, provided that such variances from the execution schedules are within the parameters agreed to by DFA from time to time or in specific cases. DFAL shall report the results of all trading activities and all such other information relating to portfolio transactions for the Portfolio as DFA may reasonably request, on a daily basis to DFA and any other entity designated by DFA, including without limitation the custodian of the Fund. DFAL shall review and coordinate its agency trading and execution strategies, practices and results with DFA as frequently as reasonably requested. |
b. | DFAL shall maintain, and periodically review with DFA and the Fund, policies and procedures necessary to ensure the effectiveness of on-line communications systems between DFAL, DFA and the Fund. |
c. | DFAL shall periodically provide DFA with data concerning the United Kingdom and European markets; and it shall maintain and provide to DFA current financial information with respect to specific issuers in United Kingdom and European markets. DFAL shall also furnish DFA with advice and information regarding securities of United Kingdom and European market companies and shall provide DFA with such recommendations in connection with the investment therein by the Portfolio as DFAL shall deem necessary and advisable in light of the investment objective and policies of the Portfolio. |
DIMENSIONAL FUND ADVISORS LP | ||
By: | DIMENSIONAL HOLDINGS INC., | |
General Partner | ||
By: | ||
Name: | ||
Title: | ||
DIMENSIONAL FUND ADVISORS LTD. | ||
By: | ||
Name: | ||
Title: | ||
DFA INVESTMENT DIMENSIONS GROUP INC./DIMENSIONAL INVESTMENT GROUP INC. | ||
By: | ||
Name: | ||
Title: |
FCA Disclosures
Name of Fund | Date of Investment Advisory Agreement | Date Investment Advisory Agreement was last submitted to shareholders | The purpose of submission to shareholders | Rate of compensation under Advisory Agreement | Aggregate amount of fees paid to the Advisor during the last fiscal year |
DFA One-Year Fixed Income Portfolio1, 2 | 01/06/1993 | 02/08/1993 | Approval by initial sole shareholder | 0.05% | $4,379,000 |
DFA Two-Year Global Fixed Income Portfolio1, 2 | 02/08/1996 | 02/09/1996 | Approval by initial sole shareholder | 0.05% | $2,951,000 |
DFA Five-Year Global Fixed Income Portfolio | 09/24/1990 | 09/29/1990 | Approval by initial sole shareholder | 0.25% | $21,850,000 |
LWAS/DFA Two-Year Fixed Income Portfolio | 11/30/1997 amended 7/27/2000, 3/19/2002, and 10/28/2004 | 05/16/1996 | Approval by initial sole shareholder | 0.15% | $147,000 |
1 | The Fund, which initially operated in a master-feeder structure, was “collapsed” or merged in a transaction in which a master fund (which was a series of DFAITC) combined with the Fund. The Fund was the master fund’s sole feeder portfolio at the time of the collapse. The Board approved the collapse in reliance on an SEC no-action letter, which allowed the Fund to enter into an Investment Advisory Agreement with the Advisor, without obtaining shareholder approval, based on the master fund’s Investment Advisory Agreement that was in place at the time of the collapse. Accordingly, the date of Investment Advisory Agreement and date it was last submitted to shareholders reflects the date of the previous master fund’s Investment Advisory Agreement and the date it was last submitted to shareholders. |
2 | Effective February 28, 2014, the Investment Advisory Agreement and Administration Agreement for each of these Funds were combined into an Investment Management Agreement that provides for an investment management fee payable to the Advisor for both investment advisory services and administrative services. The agreements were combined pursuant to SEC interpretive guidance, which allows an investment company’s board of directors/trustees to combine the terms of the investment company’s separate investment advisory and administration agreements into a single management agreement, subject to certain conditions, without obtaining shareholder approval. Accordingly, effective February 28, 2014, each Fund is subject to a monthly combined investment management fee based on average net assets equal to one-twelfth of the percentages listed below: |
Fund | Combined Investment Management Fee |
DFA One-Year Fixed Income Portfolio | 0.15% |
DFA Two-Year Global Fixed Income Portfolio | 0.15% |
Name | Principal Occupation |
Nigel A. Stewart | Director |
J. Glenn Crane | Director, Chairman and Chief Executive Officer |
David G. Booth | Director |
Catherine L. Newell | Director, Vice President and Secretary |
Graham J. Lennon | Director, Vice President and Head of International Portfolio Management |
Christopher S. Crossan | Global Chief Compliance Officer |
David R. Martin | Director, Vice President, Chief Financial Officer and Treasurer |
Eduardo A. Repetto | Director, Vice President and Co-Chief Investment Officer |
Patrick M. Keating | Director |
Rodney D. Mair | Head of Compliance and Vice President |
Andrew M. Kuo | Secretary and Vice President |
Gerard K. O’Reilly | Vice President and Co-Chief Investment Officer |
Valerie A. Brown | Vice President and Assistant Secretary |
Stephen A. Clark | Vice President |
Robert T. Deere | Vice President |
Richard A. Eustice | Vice President and Assistant Secretary |
Marcus Axthelm | Vice President |
David A. Plecha | Vice President |
Karen E. Umland | Vice President |
Murray J. Cockerell | Vice President |
Steve Garth | Vice President |
Carolyn G. Holmes-Hannaford | Vice President |
Henry F. Gray | Vice President |
Kevin Kandasamy | Vice President |
Nathan Krieger | Vice President |
Jason Lapping | Vice President |
Elizabeth Mullins | Vice President |
Robert Ness | Vice President |
Name | Principal Occupation |
Jim C. Parker | Vice President |
Paul W. Raaff | Vice President |
John Surridge | Vice President |
Joel Teasdel | Vice President |
Sam Willis | Vice President |
Mark Yetman | Vice President |
Name of Fund | Other Sub-Advised Funds by DFA Australia with similar mandates/Fees charged by DFA Australia1 | Size of Other Sub-Advised Fund as of October 31, 2014 |
DFA One-Year Fixed Income Portfolio | DFA Short-Duration Real Return Portfolio—$13,000 (US) per year | $632,077,000 |
DFA Two-Year Global Fixed Income Portfolio | DFA Selectively Hedged Global Fixed Income Portfolio—$13,000 (US) per year | $1,099,647,000 |
DFA World ex U.S. Government Fixed Income Portfolio—$13,000 (US) per year | $355,241,000 | |
DFA Short-Term Extended Quality Portfolio—$13,000 (US) per year | $3,822,894,000 | |
DFA Intermediate-Term Extended Quality Portfolio—$13,000 (US) per year | $2,133,894,000 | |
DFA Investment Grade Portfolio—$13,000 (US) per year | $2,433,057,000 |
1 | DFA Australia has not waived, reduced, or otherwise agreed to reduce its compensation under any applicable contract with the Other Sub-Advised Funds with similar mandates listed in this Exhibit. |
Name | Principal Occupation |
Arthur H. Barlow | Chairman, Director, Managing Director and Vice President |
David G. Booth | Director |
Catherine L. Newell | Director, Vice President and Secretary |
Christopher S. Crossan | Global Chief Compliance Officer |
David R. Martin | Director, Vice President, Chief Financial Officer and Treasurer |
Eduardo A. Repetto | Director |
Patrick M. Keating | Director |
John S. Romiza | Director and Vice President |
Anthony G. Rossdale | Vice President and Head of Finance, Compliance and Risk |
Valerie A. Brown | Vice President and Assistant Secretary |
David A. Plecha | Vice President |
Karen E. Umland | Vice President |
Akbar Ali | Vice President |
Michael J. Andrews | Vice President |
Andries J. Diener | Vice President |
Paul L. Farrell | Vice President |
David R. Jones | Vice President |
Christoph R. Kanzler | Vice President |
Nathan R. Lacaze | Vice President |
Rune Sanbeck | Vice President |
Kristen Smith | Vice President |
Name of Fund | Other Sub-Advised Funds by DFAL with similar mandates/Fees charged by DFAL1 | Size of Other Sub-Advised Fund as of October 31, 2014 |
DFA One-Year Fixed Income Portfolio | DFA Short-Duration Real Return Portfolio—$13,000 (US) per year | $632,077,000 |
DFA Two-Year Global Fixed Income Portfolio | DFA Selectively Hedged Global Fixed Income Portfolio—$13,000 (US) per year | $1,099,647,000 |
DFA World ex U.S. Government Fixed Income Portfolio—$13,000 (US) per year | $355,241,000 | |
DFA Short-Term Extended Quality Portfolio—$13,000 (US) per year | $3,822,894,000 | |
DFA Intermediate-Term Extended Quality Portfolio—$13,000 (US) per year | $2,133,894,000 | |
DFA Investment Grade Portfolio—$13,000 (US) per year | $2,433,057,000 |
1 | DFA London has not waived, reduced, or otherwise agreed to reduce its compensation under any applicable contract with the Other Sub-Advised Funds with similar mandates listed in this Exhibit. |
Current | Pro Forma | |
Enhanced U.S. Large Company Portfolio | Enhanced U.S. Large Company Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.23% | 0.23% |
One Year | Three Years | Five Years | Ten Years | |
Enhanced U.S. Large Company Portfolio – Institutional Class | $24 | $74 | $130 | $293 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $24 | $74 | $130 | $293 |
Current | Pro Forma | |
U.S. Large Cap Equity Portfolio | U.S. Large Cap Equity Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.15% | 0.15% |
Other Expenses | 0.05% | 0.05% |
Total Annual Fund Operating Expenses | 0.20% | 0.20% |
Fee Waiver and/or Expense Reimbursement | 0.01%* | 0.01%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.19% | 0.19% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
U.S. Large Cap Equity – Institutional Class | $19 | $63 | $112 | $254 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $19 | $63 | $112 | $254 |
Current | Pro Forma | |
U.S. Small Cap Value Portfolio | U.S. Small Cap Value Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.50% | 0.50% |
Other Expenses | 0.02% | 0.02% |
Acquired Fund Fees and Expenses | 0.01% | 0.01% |
Total Annual Fund Operating Expenses | 0.53% | 0.53% |
One Year | Three Years | Five Years | Ten Years | |
U.S. Small Cap Value Portfolio – Institutional Class | $54 | $170 | $296 | $665 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $54 | $170 | $296 | $665 |
Current | Pro Forma | |||
U.S. Targeted Value Portfolio | U.S. Targeted Value Portfolio (Updated Investment Management Agreement) | |||
Class R1 | Class R2 | Class R1 | Class R2 | |
Shareholder Fees (Fees paid directly from your investment) | None | None | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||
Management Fee | 0.35% | 0.35% | 0.35% | 0.35% |
Other Expenses: | ||||
Shareholder Services Fee | 0.10%^ | 0.25%^ | 0.10%^ | 0.25%^ |
Other Expenses | 0.02% | 0.02% | 0.02% | 0.02% |
Total Other Expenses | 0.12% | 0.27% | 0.12% | 0.27% |
Acquired Fund Fees and Expenses | 0.03% | 0.03% | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.50% | 0.65% | 0.50% | 0.65% |
Current | Pro Forma | |
U.S. Targeted Value Portfolio | U.S. Targeted Value Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.35% | 0.35% |
Other Expenses | 0.02% | 0.02% |
Acquired Fund Fees and Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.40% | 0.40% |
^ | An amount up to 0.10% of the average net assets of the Portfolio’s Class R1 shares and an amount up to 0.25% of the average net assets of the Portfolio’s Class R2 shares may be used to compensate service agents that provide shareholder servicing, record keeping, account maintenance and other services to investors in the Portfolio’s Class R1 shares and Class R2 shares (“Shareholder Services Agent”). |
One Year | Three Years | Five Years | Ten Years | |
U.S. Targeted Value Portfolio – Institutional Class | $41 | $128 | $224 | $505 |
U.S. Targeted Value Portfolio – Class R1 | $51 | $160 | $280 | $628 |
U.S. Targeted Value Portfolio – Class R2 | $66 | $208 | $362 | $810 |
Pro forma – Institutional Class (assumes shareholder approval of Updated Investment Management Agreement) | $41 | $128 | $224 | $505 |
Pro forma – Class R1 (assumes shareholder approval of Updated Investment Management Agreement) | $51 | $160 | $280 | $628 |
Pro forma – Class R2 (assumes shareholder approval of Updated Investment Management Agreement | $66 | $208 | $362 | $810 |
Current | Pro Forma | |
U.S. Core Equity 1 Portfolio | U.S. Core Equity 1 Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.17% | 0.17% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.19% | 0.19% |
One Year | Three Years | Five Years | Ten Years | |
U.S. Core Equity 1 Portfolio – Institutional Class | $19 | $61 | $107 | $243 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $19 | $61 | $107 | $243 |
Current | Pro Forma | |
U.S. Core Equity 2 Portfolio | U.S. Core Equity 2 Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.22% | 0.22% |
One Year | Three Years | Five Years | Ten Years | |
U.S. Core Equity 2 Portfolio – Institutional Class | $23 | $71 | $124 | $280 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $23 | $71 | $124 | $280 |
Current | Pro Forma | |
U.S. Vector Equity Portfolio | U.S. Vector Equity Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.30% | 0.30% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.32% | 0.32% |
One Year | Three Years | Five Years | Ten Years | |
U.S. Vector Equity Portfolio – Institutional Class | $33 | $103 | $180 | $406 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $33 | $103 | $180 | $406 |
Current | Pro Forma | |
U.S. Small Cap Portfolio | U.S. Small Cap Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.35% | 0.35% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.37% | 0.37% |
One Year | Three Years | Five Years | Ten Years | |
U.S. Small Cap Portfolio – Institutional Class | $38 | $119 | $208 | $468 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $38 | $119 | $208 | $468 |
Current | Pro Forma | |
U.S. Micro Cap Portfolio | U.S. Micro Cap Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.50% | 0.50% |
Other Expenses | 0.02% | 0.02% |
Acquired Fund Fees and Expenses* | 0.01% | 0.01% |
Total Annual Fund Operating Expenses | 0.53% | 0.53% |
One Year | Three Years | Five Years | Ten Years | |
U.S. Micro Cap Portfolio – Institutional Class | $54 | $170 | $296 | $665 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $54 | $170 | $296 | $665 |
Current | Pro Forma | |
DFA Real Estate Securities Portfolio | DFA Real Estate Securities Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.17% | 0.17% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.19% | 0.19% |
Fee Waiver and/or Expense Reimbursement | 0.01%* | 0.01%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.18% | 0.18% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
DFA Real Estate Securities Portfolio – Institutional Class | $18 | $60 | $106 | $242 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $18 | $60 | $106 | $242 |
Current | Pro Forma | |
Large Cap International Portfolio | Large Cap International Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.25% | 0.25% |
Other Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.28% | 0.28% |
One Year | Three Years | Five Years | Ten Years | |
Large Cap International Portfolio – Institutional Class | $29 | $90 | $157 | $356 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $29 | $90 | $157 | $356 |
Current | Pro Forma | |
International Core Equity Portfolio | International Core Equity Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.35% | 0.35% |
Other Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.38% | 0.38% |
One Year | Three Years | Five Years | Ten Years | |
International Core Equity Portfolio – Institutional Class | $39 | $122 | $213 | $480 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $39 | $122 | $213 | $480 |
Current | Pro Forma | |
DFA International Real Estate Securities Portfolio | DFA International Real Estate Securities Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.28%* | 0.28%* |
Other Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.31% | 0.31% |
* | The “Management Fee” and “Total Annual Fund Operating Expenses” have been adjusted to reflect the estimated management fee and estimated fund operating expenses to be paid by the Portfolio for the fiscal year ended October 31, 2015, as a result of a decrease in the management fee payable by the Portfolio from 0.35% to 0.25% and an amendment to the Fee Waiver and Expense Assumption Agreement effective as of February 28, 2015. |
One Year | Three Years | Five Years | Ten Years | |
DFA International Real Estate Securities Portfolio – Institutional Class | $32 | $100 | $174 | $393 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $32 | $100 | $174 | $393 |
Current | Pro Forma | |
DFA International Small Cap Value Portfolio | DFA International Small Cap Value Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.65% | 0.65% |
Other Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.68% | 0.68% |
One Year | Three Years | Five Years | Ten Years | |
DFA International Small Cap Value Portfolio – Institutional Class | $69 | $218 | $379 | $847 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $69 | $218 | $379 | $847 |
Current | Pro Forma | |
International Vector Equity Portfolio | International Vector Equity Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.45% | 0.45% |
Other Expenses | 0.04% | 0.04% |
Total Annual Fund Operating Expenses | 0.49% | 0.49% |
One Year | Three Years | Five Years | Ten Years | |
International Vector Equity Portfolio – Institutional Class | $50 | $157 | $274 | $616 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $50 | $157 | $274 | $616 |
Current | Pro Forma | |
Emerging Markets Core Equity Portfolio | Emerging Markets Core Equity Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.55% | 0.55% |
Other Expenses | 0.06% | 0.06% |
Total Annual Fund Operating Expenses | 0.61% | 0.61% |
One Year | Three Years | Five Years | Ten Years | |
Emerging Markets Core Equity Portfolio – Institutional Class | $62 | $195 | $340 | $762 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $62 | $195 | $340 | $762 |
Current | Pro Forma | |
DFA One-Year Fixed Income Portfolio | DFA One-Year Fixed Income Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.15% | 0.15% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.17% | 0.17% |
One Year | Three Years | Five Years | Ten Years | |
DFA One-Year Fixed Income Portfolio – Institutional Class | $17 | $55 | $96 | $217 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $17 | $55 | $96 | $217 |
Current | Pro Forma | |
DFA Two-Year Global Fixed Income Portfolio | DFA Two-Year Global Fixed Income Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.15% | 0.15% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.17% | 0.17% |
One Year | Three Years | Five Years | Ten Years | |
DFA Two-Year Global Fixed Income Portfolio – Institutional Class | $17 | $55 | $96 | $217 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $17 | $55 | $96 | $217 |
Current | Pro Forma | |
DFA Selectively Hedged Global Fixed Income Portfolio | DFA Selectively Hedged Global Fixed Income Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.15% | 0.15% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.17% | 0.17% |
One Year | Three Years | Five Years | Ten Years | |
DFA Selectively Hedged Global Fixed Income Portfolio – Institutional Class | $17 | $55 | $96 | $217 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $17 | $55 | $96 | $217 |
Current | Pro Forma | |
DFA Five-Year Global Fixed Income Portfolio | DFA Five-Year Global Fixed Income Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.25% | 0.25% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.27% | 0.27% |
One Year | Three Years | Five Years | Ten Years | |
DFA Five-Year Global Fixed Income Portfolio – Institutional Class | $28 | $87 | $152 | $343 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $28 | $87 | $152 | $343 |
Current | Pro Forma | |
DFA World ex U.S. Government Fixed Income Portfolio | DFA World ex U.S. Government Fixed Income Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.18% | 0.18% |
Other Expenses | 0.04% | 0.04% |
Total Annual Fund Operating Expenses | 0.22% | 0.22% |
Fee Waiver and/or Expense Reimbursement | 0.02%* | 0.02%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.20% | 0.20% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
DFA World ex U.S. Government Fixed Income Portfolio – Institutional Class | $20 | $64 | $113 | $255 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $20 | $64 | $113 | $255 |
Current | Pro Forma | |
DFA Short-Term Government Portfolio | DFA Short-Term Government Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.17% | 0.17% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.19% | 0.19% |
One Year | Three Years | Five Years | Ten Years | |
DFA Short-Term Government Portfolio – Institutional Class | $19 | $61 | $107 | $243 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $19 | $61 | $107 | $243 |
Current | Pro Forma | |
DFA Intermediate Government Fixed Income Portfolio | DFA Intermediate Government Fixed Income Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.10% | 0.10% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.12% | 0.12% |
One Year | Three Years | Five Years | Ten Years | |
DFA Intermediate Government Fixed Income Portfolio – Institutional Class | $12 | $39 | $68 | $154 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $12 | $39 | $68 | $154 |
Current | Pro Forma | |
DFA Short-Term Extended Quality Portfolio | DFA Short-Term Extended Quality Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.22% | 0.22% |
One Year | Three Years | Five Years | Ten Years | |
DFA Short-Term Extended Quality Portfolio – Institutional Class | $23 | $71 | $124 | $280 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $23 | $71 | $124 | $280 |
Current | Pro Forma | |
DFA Intermediate-Term Extended Quality Portfolio | DFA Intermediate-Term Extended Quality Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.22% | 0.22% |
One Year | Three Years | Five Years | Ten Years | |
DFA Intermediate-Term Extended Quality Portfolio – Institutional Class | $23 | $71 | $124 | $280 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $23 | $71 | $124 | $280 |
Current | Pro Forma | |
DFA Inflation Protected Securities Portfolio | DFA Inflation Protected Securities Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.10% | 0.10% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.12% | 0.12% |
One Year | Three Years | Five Years | Ten Years | |
DFA Inflation Protected Securities Portfolio – Institutional Class | $12 | $39 | $68 | $154 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $12 | $39 | $68 | $154 |
Current | Pro Forma | |
DFA Short Duration Real Return Portfolio | DFA Short Duration Real Return Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.08% | 0.08% |
Acquired Fund Fees and Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.31% | 0.31% |
Fee Waiver and/or Expense Reimbursement | 0.07%* | 0.07%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.24% | 0.24% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
DFA Short Duration Real Return Portfolio – Institutional Class | $25 | $93 | $167 | $386 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $25 | $93 | $167 | $386 |
Current | Pro Forma | |
DFA Short-Term Municipal Bond Portfolio | DFA Short-Term Municipal Bond Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.22% | 0.22% |
One Year | Three Years | Five Years | Ten Years | |
DFA Short-Term Municipal Bond Portfolio – Institutional Class | $23 | $71 | $124 | $280 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $23 | $71 | $124 | $280 |
Current | Pro Forma | |
DFA Intermediate-Term Municipal Bond Portfolio | DFA Intermediate-Term Municipal Bond Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.04% | 0.04% |
Total Annual Fund Operating Expenses | 0.24% | 0.24% |
Fee Waiver and/or Expense Reimbursement | 0.01%* | 0.01%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.23% | 0.23% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
DFA Intermediate-Term Municipal Bond Portfolio – Institutional Class | $24 | $76 | $134 | $305 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $24 | $76 | $134 | $305 |
Current | Pro Forma | |
DFA California Short-Term Municipal Bond Portfolio | DFA California Short-Term Municipal Bond Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.22% | 0.22% |
One Year | Three Years | Five Years | Ten Years | |
DFA California Short-Term Municipal Bond Portfolio – Institutional Class | $23 | $71 | $124 | $280 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $23 | $71 | $124 | $280 |
Current | Pro Forma | |
DFA California Intermediate-Term Municipal Bond Portfolio | DFA California Intermediate-Term Municipal Bond Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.04% | 0.04% |
Total Annual Fund Operating Expenses | 0.24% | 0.24% |
Fee Waiver and/or Expense Reimbursement | 0.01%* | 0.01%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.23% | 0.23% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
DFA California Intermediate-Term Municipal Bond Portfolio – Institutional Class | $24 | $76 | $134 | $305 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $24 | $76 | $134 | $305 |
Current | Pro Forma | |
DFA Municipal Real Return Portfolio | DFA Municipal Real Return Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.09%* | 0.09%* |
Total Annual Fund Operating Expenses | 0.29% | 0.29% |
Fee Waiver and/or Expense Reimbursement | 0.02%** | 0.02%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.27% | 0.27% |
* | The Municipal Real Return Portfolio is a new portfolio, so the “Other Expenses” shown are based on anticipated fees and expenses for the first full fiscal year. |
** | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
DFA Municipal Real Return Portfolio – Institutional Class | $28 | $91 | $161 | $366 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $28 | $91 | $161 | $366 |
Current | Pro Forma | |
Tax-Managed U.S. Targeted Value Portfolio | Tax-Managed U.S. Targeted Value Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.42% | 0.42% |
Other Expenses | 0.01% | 0.01% |
Acquired Fund Fees and Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.46% | 0.46% |
One Year | Three Years | Five Years | Ten Years | |
Tax-Managed U.S. Targeted Value Portfolio – Institutional Class | $47 | $148 | $258 | $579 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $47 | $148 | $258 | $579 |
Current | Pro Forma | |
Tax-Managed U.S. Equity Portfolio | Tax-Managed U.S. Equity Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.22% | 0.22% |
One Year | Three Years | Five Years | Ten Years | |
Tax-Managed U.S. Equity Portfolio – Institutional Class | $23 | $71 | $124 | $280 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $23 | $71 | $124 | $280 |
Current | Pro Forma | |
Tax-Managed U.S. Small Cap Portfolio | Tax-Managed U.S. Small Cap Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.50% | 0.50% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.52% | 0.52% |
One Year | Three Years | Five Years | Ten Years | |
Tax-Managed U.S. Small Cap Portfolio – Institutional Class | $53 | $167 | $291 | $653 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $53 | $167 | $291 | $653 |
Current | Pro Forma | |
T.A. U.S. Core Equity 2 Portfolio | T.A. U.S. Core Equity 2 Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.22% | 0.22% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.24% | 0.24% |
One Year | Three Years | Five Years | Ten Years | |
T.A. U.S. Core Equity 2 Portfolio – Institutional Class | $25 | $77 | $135 | $306 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $25 | $77 | $135 | $306 |
Current | Pro Forma | |
Tax-Managed DFA International Value Portfolio | Tax-Managed DFA International Value Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.50% | 0.50% |
Other Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.53% | 0.53% |
One Year | Three Years | Five Years | Ten Years | |
Tax-Managed DFA International Value Portfolio – Institutional Class | $54 | $170 | $296 | $665 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $54 | $170 | $296 | $665 |
Current | Pro Forma | |
T.A. World ex U.S. Core Equity Portfolio | T.A. World ex U.S. Core Equity Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.40% | 0.40% |
Other Expenses | 0.05% | 0.05% |
Total Annual Fund Operating Expenses | 0.45% | 0.45% |
One Year | Three Years | Five Years | Ten Years | |
T.A. World ex U.S. Core Equity Portfolio – Institutional Class | $46 | $144 | $252 | $567 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $46 | $144 | $252 | $567 |
Current | Pro Forma | |
U.S. Social Core Equity 2 Portfolio | U.S. Social Core Equity 2 Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.25% | 0.25% |
Other Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.28% | 0.28% |
One Year | Three Years | Five Years | Ten Years | |
U.S. Social Core Equity 2 Portfolio – Institutional Class | $29 | $90 | $157 | $356 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $29 | $90 | $157 | $356 |
Current | Pro Forma | |
U.S. Sustainability Core 1 Portfolio | U.S. Sustainability Core 1 Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.29% | 0.29% |
Other Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.32% | 0.32% |
One Year | Three Years | Five Years | Ten Years | |
U.S. Sustainability Core 1 Portfolio – Institutional Class | $33 | $103 | $180 | $406 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $33 | $103 | $180 | $406 |
Current | Pro Forma | |
International Sustainability Core 1 Portfolio | International Sustainability Core 1 Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.42% | 0.42% |
Other Expenses | 0.07% | 0.07% |
Total Annual Fund Operating Expenses | 0.49% | 0.49% |
One Year | Three Years | Five Years | Ten Years | |
International Sustainability Core 1 Portfolio – Institutional Class | $50 | $157 | $274 | $616 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $50 | $157 | $274 | $616 |
Current | Pro Forma | |
DFA International Value ex Tobacco Portfolio | DFA International Value ex Tobacco Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.45% | 0.45% |
Other Expenses | 0.09% | 0.09% |
Total Annual Fund Operating Expenses | 0.54% | 0.54% |
Fee Waiver and/or Expense Reimbursement | 0.01%* | 0.01%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.55% | 0.55% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
DFA International Value ex Tobacco Portfolio – Institutional Class | $56 | $174 | $303 | $678 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $56 | $174 | $303 | $678 |
Current | Pro Forma | |
International Social Core Equity Portfolio | International Social Core Equity Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.37% | 0.37% |
Other Expenses | 0.13% | 0.13% |
Total Annual Fund Operating Expenses | 0.50% | 0.50% |
Fee Waiver and/or Expense Reimbursement | -0.03%* | -0.03%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.53% | 0.53% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
International Social Core Equity Portfolio – Institutional Class | $54 | $163 | $283 | $631 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $54 | $163 | $283 | $631 |
Current | Pro Forma | |
Emerging Markets Social Core Equity Portfolio | Emerging Markets Social Core Equity Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.55% | 0.55% |
Other Expenses | 0.08% | 0.08% |
Total Annual Fund Operating Expenses | 0.63% | 0.63% |
One Year | Three Years | Five Years | Ten Years | |
Emerging Markets Social Core Equity Portfolio – Institutional Class | $64 | $202 | $351 | $786 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $64 | $202 | $351 | $786 |
Current | Pro Forma | |
CSTG&E U.S. Social Core Equity 2 Portfolio | CSTG&E U.S. Social Core Equity 2 Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.27% | 0.27% |
Other Expenses | 0.05% | 0.05% |
Total Annual Fund Operating Expenses | 0.32% | 0.32% |
One Year | Three Years | Five Years | Ten Years | |
CSTG&E U.S. Social Core Equity 2 Portfolio – Institutional Class | $33 | $103 | $180 | $406 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $33 | $103 | $180 | $406 |
Current | Pro Forma | |
CSTG&E International Social Core Equity Portfolio | CSTG&E International Social Core Equity Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.42% | 0.42% |
Other Expenses | 0.11% | 0.11% |
Total Annual Fund Operating Expenses | 0.53% | 0.53% |
One Year | Three Years | Five Years | Ten Years | |
CSTG&E International Social Core Equity Portfolio – Institutional Class | $54 | $170 | $296 | $665 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $54 | $170 | $296 | $665 |
Current | Pro Forma | |
DFA Commodity Strategy Portfolio | DFA Commodity Strategy Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.30% | 0.30% |
Other Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.33% | 0.33% |
One Year | Three Years | Five Years | Ten Years | |
DFA Commodity Strategy Portfolio – Institutional Class | $34 | $106 | $185 | $418 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $34 | $106 | $185 | $418 |
Current | Pro Forma | |
U.S. Large Cap Growth Portfolio | U.S. Large Cap Growth Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.17% | 0.17% |
Other Expenses | 0.05% | 0.05% |
Total Annual Fund Operating Expenses | 0.22% | 0.22% |
Fee Waiver and/or Expense Reimbursement | 0.02%* | 0.02%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.20% | 0.20% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
U.S. Large Cap Growth Portfolio – Institutional Class | $20 | $69 | $122 | $278 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $20 | $69 | $122 | $278 |
Current | Pro Forma | |
U.S. Small Cap Growth Portfolio | U.S. Small Cap Growth Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.35% | 0.35% |
Other Expenses | 0.06% | 0.06% |
Total Annual Fund Operating Expenses | 0.41% | 0.41% |
Fee Waiver and/or Expense Reimbursement | 0.01%* | 0.01%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.40% | 0.40% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
U.S. Small Cap Growth Portfolio – Institutional Class | $41 | $131 | $229 | $517 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $41 | $131 | $229 | $517 |
Current | Pro Forma | |
International Large Cap Growth Portfolio | International Large Cap Growth Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.25% | 0.25% |
Other Expenses | 0.12% | 0.12% |
Total Annual Fund Operating Expenses | 0.37% | 0.37% |
Fee Waiver and/or Expense Reimbursement | 0.07%* | 0.07%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.30% | 0.30% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
International Large Cap Growth Portfolio – Institutional Class | $31 | $112 | $201 | $461 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $31 | $112 | $201 | $461 |
Current | Pro Forma | |
International Small Cap Growth Portfolio | International Small Cap Growth Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.50% | 0.50% |
Other Expenses | 0.22% | 0.22% |
Total Annual Fund Operating Expenses | 0.72% | 0.72% |
Fee Waiver and/or Expense Reimbursement | 0.17%* | 0.17%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.55% | 0.55% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
International Small Cap Growth Portfolio – Institutional Class | $56 | $213 | $384 | $879 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $56 | $213 | $384 | $879 |
Current | Pro Forma | |
Dimensional Retirement Fixed Income III Portfolio | Dimensional Retirement Fixed Income III Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.30% | 0.30% |
Other Expenses | 3.33% | 3.33% |
Total Annual Fund Operating Expenses | 3.63% | 3.63% |
Fee Waiver and/or Expense Reimbursement | 3.48%* | 3.48%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement** | 0.15% | 0.15% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
** | “Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement” has been adjusted to reflect an amendment to the Amended and Restated Fee Waiver and Expense Assumption Agreement for the Portfolio with the Adviser effective as of February 28, 2015, which reduced the expense limitation amount for the Portfolio. |
One Year | Three Years | Five Years | Ten Years | |
Dimensional Retirement Fixed Income III Portfolio – Institutional Class | $15 | $787 | $1,580 | $3,659 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $15 | $787 | $1,580 | $3,659 |
Current | Pro Forma | |
U.S. Large Cap Value Portfolio | U.S. Large Cap Value Portfolio (assumes shareholder approval of Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.25%* | 0.35%** |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.27% | 0.37% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.10%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.27% | 0.27% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The U.S. Large Cap Value Series, and an administration fee payable by the U.S. Large Cap Value Portfolio. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the U.S. Large Cap Value Portfolio and the indirect expenses of the Portfolio’s portion of the expenses of The U.S. Large Cap Value Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
U.S. Large Cap Value Portfolio – Institutional Class | $28 | $87 | $152 | $343 |
Pro forma – Institutional Class (assumes shareholder approval of Updated Investment Management Agreement) | $28 | $87 | $152 | $343 |
Current | Pro Forma | |
Japanese Small Company Portfolio | Japanese Small Company Portfolio (assumes shareholder approval of Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.50%* | 0.60%** |
Other Expenses | 0.05% | 0.05% |
Total Annual Fund Operating Expenses | 0.55% | 0.65% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.10%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.55% | 0.55% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The Japanese Small Company Series, and an administration fee payable by the Japanese Small Company Portfolio. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the Japanese Small Company Portfolio and the indirect expenses of the Portfolio’s portion of the expenses of The Japanese Small Company Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the first preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
Japanese Small Company Portfolio – Institutional Class | $56 | $176 | $307 | $689 |
Pro forma – Institutional Class (assumes shareholder approval of Updated Investment Management Agreement) | $56 | $176 | $307 | $689 |
Current | Pro Forma | |
Asia Pacific Small Company Portfolio | Asia Pacific Small Company Portfolio (assumes shareholder approval of Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.50%* | 0.60%** |
Other Expenses | 0.05% | 0.05% |
Total Annual Fund Operating Expenses | 0.55% | 0.65% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.10%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.55% | 0.55% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The Asia Pacific Small Company Series, and an administration fee payable by the Asia Pacific Small Company Portfolio. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the Asia Pacific Small Company Portfolio and the indirect expenses of the Portfolio’s portion of the expenses of The Asia Pacific Small Company Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the first preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
Asia Pacific Small Company Portfolio – Institutional Class | $56 | $176 | $307 | $689 |
Pro forma – Institutional Class (assumes shareholder approval of Updated Investment Management Agreement) | $56 | $176 | $307 | $689 |
Current | Pro Forma | |
United Kingdom Small Company Portfolio | United Kingdom Small Company Portfolio (assumes shareholder approval of Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.50%* | 0.60%*** |
Other Expenses | 0.12% | 0.12% |
Total Annual Fund Operating Expenses | 0.62% | 0.72% |
Fee Waiver and/or Expense Reimbursement | 0.04%** | 0.14%**, *** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.58% | 0.58% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The United Kingdom Small Company Series, and an administration fee payable by the United Kingdom Small Company Portfolio. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the United Kingdom Small Company Portfolio and the indirect expenses of the Portfolio’s portion of the expenses of The United Kingdom Small Company Series. |
** | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the United Kingdom Small Company Portfolio. This portion of the Fee Waiver and Expense Assumption Agreement for the United Kingdom Small Company Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date (the “Annual Fee Waiver”). Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption with respect to the Annual Fee Waiver. |
*** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the first preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
United Kingdom Small Company Portfolio – Institutional Class | $59 | $194 | $342 | $770 |
Pro forma – Institutional Class (assumes shareholder approval of Updated Investment Management Agreement) | $59 | $194 | $342 | $770 |
Current | Pro Forma | |
Continental Small Company Portfolio | Continental Small Company Portfolio (assumes shareholder approval of Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.50%* | 0.60%** |
Other Expenses | 0.06% | 0.06% |
Total Annual Fund Operating Expenses | 0.56% | 0.66% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.10%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.56% | 0.56% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The Continental Small Company Series, and an administration fee payable by the Continental Small Company Portfolio. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the Continental Small Company Portfolio and the indirect expenses of the Portfolio’s portion of the expenses of The Continental Small Company Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the first preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
Continental Small Company Portfolio – Institutional Class | $57 | $179 | $313 | $701 |
Pro forma – Institutional Class (assumes shareholder approval of Updated Investment Management Agreement) | $57 | $179 | $313 | $701 |
Current | Pro Forma | |
Emerging Markets Portfolio | Emerging Markets Portfolio (assumes shareholder approval of Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.50%* | 0.60%** |
Other Expenses | 0.06% | 0.06% |
Total Annual Fund Operating Expenses | 0.56% | 0.66% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.10%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.56% | 0.56% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The Emerging Markets Series, and an administration fee payable by the Emerging Markets Portfolio. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the Emerging Markets Portfolio and the indirect expenses of the Portfolio’s portion of the expenses of The Emerging Markets Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
Emerging Markets Portfolio – Institutional Class | $57 | $179 | $313 | $701 |
Pro forma – Institutional Class (assumes shareholder approval of Updated Investment Management Agreement) | $57 | $179 | $313 | $701 |
Current | Pro Forma | |||
Emerging Markets Value Portfolio | Emerging Markets Value Portfolio (assumes shareholder approval of Updated Investment Management Agreement) | |||
Institutional Class | Class R2 | Institutional Class | Class R2 | |
Shareholder Fees (Fees paid directly from your investment) | None | None | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||
Management Fee | 0.50%* | 0.50%* | 0.60%** | 0.60%** |
Other Expenses: | ||||
Shareholder Services Fee | 0.00% | 0.25%^ | 0.00% | 0.25%^ |
Other Expenses | 0.05% | 0.05% | 0.05% | 0.05% |
Total Other Expenses | 0.05% | 0.30% | 0.05% | 0.30% |
Total Annual Fund Operating Expenses | 0.55% | 0.80% | 0.65% | 0.90% |
Fee Waiver and/or Expense Reimbursement | N/A | N/A | 0.10%** | 0.10%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.55% | 0.80% | 0.55% | 0.80% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The Dimensional Emerging Markets Value Fund, and an administration fee payable by the Emerging Markets Value Portfolio. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the Emerging Markets Value Portfolio and the indirect expenses of the Portfolio’s portion of the expenses of The Dimensional Emerging Markets Value Fund. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
^ | An amount up to 0.25% of the average net assets of the Emerging Markets Value Portfolio’s Class R2 shares may be used to compensate service agents that provide shareholder servicing, record keeping, account maintenance and other services to investors in the Portfolio’s Class R2 shares. |
One Year | Three Years | Five Years | Ten Years | |
Emerging Markets Value Portfolio – Institutional Class | $57 | $179 | $313 | $701 |
Emerging Markets Value Portfolio – Class R2 | $82 | $255 | $440 | $990 |
Pro forma – Institutional Class (assumes shareholder approval of Updated Investment Management Agreement) | $57 | $179 | $313 | $701 |
Pro forma – Class R2 (assumes shareholder approval of Updated Investment Management Agreement) | $82 | $255 | $440 | $990 |
Current | Pro Forma | |
Emerging Markets Small Cap Portfolio | Emerging Markets Small Cap Portfolio (assumes shareholder approval of Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.65%* | 0.85%** |
Other Expenses | 0.07% | 0.07% |
Total Annual Fund Operating Expenses | 0.72% | 0.92% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.20%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.72% | 0.72% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The Emerging Markets Small Cap Series, and an administration fee payable by the Emerging Markets Small Cap Portfolio. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the Emerging Markets Small Cap Portfolio and the indirect expenses of the Portfolio’s portion of the expenses of The Emerging Markets Small Cap Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
Emerging Markets Small Cap Portfolio – Institutional Class | $74 | $230 | $401 | $894 |
Pro forma – Institutional Class (assumes shareholder approval of Updated Investment Management Agreement) | $74 | $230 | $401 | $894 |
Current | Pro Forma | |
Tax-Managed U.S. Marketwide Value Portfolio | Tax-Managed U.S. Marketwide Value Portfolio (assumes shareholder approval of Updated Investment Management Agreement) | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.35%* | 0.55%** |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.37% | 0.57% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.20%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.37% | 0.37% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The Tax-Managed U.S. Marketwide Value Series, and an administration fee payable by the Tax-Managed U.S. Marketwide Value Portfolio. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the Tax-Managed U.S. Marketwide Value Portfolio and the indirect expenses of the Portfolio’s portion of the expenses of The Tax-Managed U.S. Marketwide Value Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
Tax-Managed U.S. Marketwide Value Portfolio | $38 | $119 | $208 | $468 |
Pro forma (assumes shareholder approval of Updated Investment Management Agreement) | $38 | $119 | $208 | $468 |
Current | Pro Forma | |
LWAS/DFA International High Book to Market Portfolio | LWAS/DFA International High Book to Market Portfolio (assumes shareholder approval of Updated Investment Management Agreement) | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.21%* | 0.41%** |
Other Expenses: | ||
LWI Financial Inc. Client Services Fee | 0.19% | 0.19% |
Other Expenses | 0.10% | 0.10% |
Total Other Expenses | 0.29% | 0.29% |
Total Annual Fund Operating Expenses | 0.50% | 0.70% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.20%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.50% | 0.50% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The DFA International Value Series, and an administration fee payable by the LWAS/DFA International High Book to Market Portfolio. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the LWAS/DFA International High Book to Market Portfolio and the indirect expenses of the Portfolio’s portion of the expenses of The DFA International Value Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
LWAS/DFA International High Book to Market Portfolio | $51 | $160 | $280 | $628 |
Pro forma (assumes shareholder approval of Updated Investment Management Agreement) | $51 | $160 | $280 | $628 |
Current | Pro Forma | |
International Small Company Portfolio | International Small Company Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.40% | 0.40% |
Other Expenses | 0.01% | 0.01% |
Acquired Fund Fees and Expenses | 0.12% | 0.12% |
Total Annual Fund Operating Expenses | 0.53% | 0.53% |
One Year | Three Years | Five Years | Ten Years | |
International Small Company Portfolio – Institutional Class | $54 | $170 | $296 | $665 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $54 | $170 | $296 | $665 |
Current | Pro Forma | |
DFA Global Real Estate Securities Portfolio | DFA Global Real Estate Securities Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)* | ||
Management Fee | 0.22% | 0.22% |
Other Expenses | 0.02% | 0.02% |
Acquired Fund Fees and Expenses | 0.23% | 0.23% |
Total Annual Fund Operating Expenses | 0.47% | 0.47% |
Fee Waiver and/or Expense Reimbursement | 0.20%** | 0.20%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.27% | 0.27% |
* | The “Management Fee” and “Total Annual Fund Operating Expenses” have been adjusted to reflect the estimated management fee to be paid by the Portfolio for the fiscal year ended October 31, 2015, as a result of a decrease in the management fee payable by the Portfolio from 0.27% to 0.20% effective as of February 28, 2105. “Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement” has been adjusted to reflect an amendment to the Fee Waiver and Expense Assumption Agreement for the Portfolio with the Advisor effective as of February 28, 2015, which reduced the expense limitation amount for the Portfolio. |
** | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
DFA Global Real Estate Securities Portfolio – Institutional Class | $28 | $131 | $243 | $572 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $28 | $131 | $243 | $572 |
Current | Pro Forma | |
World ex U.S. Value Portfolio | World ex U.S. Value Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.47% | 0.47% |
Other Expenses | 0.05% | 0.05% |
Acquired Fund Fees and Expenses | 0.24% | 0.24% |
Total Annual Fund Operating Expenses | 0.76% | 0.76% |
Fee Waiver and/or Expense Reimbursement | 0.19%* | 0.19%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.57% | 0.57% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
World ex U.S. Value Portfolio – Institutional Class | $58 | $224 | $404 | $924 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $58 | $224 | $404 | $924 |
Current | Pro Forma | |
World ex U.S. Targeted Value Portfolio | World ex U.S. Targeted Value Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.58% | 0.58% |
Other Expenses | 0.06% | 0.06% |
Acquired Fund Fees and Expenses | 0.53% | 0.53% |
Total Annual Fund Operating Expenses | 1.17% | 1.17% |
Fee Waiver and/or Expense Reimbursement | 0.48%* | 0.48%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.69% | 0.69% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
World ex U.S. Targeted Value Portfolio – Institutional Class | $70 | $324 | $597 | $1,378 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $70 | $324 | $597 | $1,378 |
Current | Pro Forma | |
World ex U.S. Core Equity Portfolio | World ex U.S. Core Equity Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.40% | 0.40% |
Other Expenses | 0.05% | 0.05% |
Acquired Fund Fees and Expenses | 0.43% | 0.43% |
Total Annual Fund Operating Expenses | 0.88% | 0.88% |
Fee Waiver and/or Expense Reimbursement | 0.41%* | 0.41%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.47% | 0.47% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
World ex U.S. Core Equity Portfolio – Institutional Class | $48 | $240 | $447 | $1,046 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $48 | $240 | $447 | $1,046 |
Current | Pro Forma | |
Selectively Hedged Global Equity Portfolio | Selectively Hedged Global Equity Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.30% | 0.30% |
Other Expenses | 0.06% | 0.06% |
Acquired Fund Fees and Expenses | 0.33% | 0.33% |
Total Annual Fund Operating Expenses | 0.69% | 0.69% |
Fee Waiver and/or Expense Reimbursement | 0.29%* | 0.29%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.40% | 0.40% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
Selectively Hedged Global Equity Portfolio – Institutional Class | $41 | $192 | $355 | $831 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $41 | $192 | $355 | $831 |
Current | Pro Forma | |
DFA Investment Grade Portfolio | DFA Investment Grade Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.02% | 0.02% |
Acquired Fund Fees and Expenses | 0.18% | 0.18% |
Total Annual Fund Operating Expenses | 0.40% | 0.40% |
Fee Waiver and/or Expense Reimbursement | 0.18%* | 0.18%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.22% | 0.22% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
DFA Investment Grade Portfolio – Institutional Class | $23 | $110 | $206 | $488 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $23 | $110 | $206 | $488 |
Current | Pro Forma | |
World Core Equity Portfolio | World Core Equity Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.30% | 0.30% |
Other Expenses | 0.37% | 0.37% |
Acquired Fund Fees and Expenses | 0.30% | 0.30% |
Total Annual Fund Operating Expenses | 0.97% | 0.97% |
Fee Waiver and/or Expense Reimbursement | 0.62%* | 0.62%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.35% | 0.35% |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
World Core Equity Portfolio – Institutional Class | $36 | $247 | $476 | $1,133 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $36 | $247 | $476 | $1,133 |
Current | Pro Forma | |
U.S. Large Company Portfolio | U.S. Large Company Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.06% | 0.06% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.08% | 0.08% |
One Year | Three Years | Five Years | Ten Years | |
U.S. Large Company Portfolio – Institutional Class | $8 | $26 | $45 | $103 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $8 | $26 | $45 | $103 |
Current | Pro Forma | |
LWAS/DFA Two-Year Fixed Income Portfolio | LWAS/DFA Two-Year Fixed Income Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.15% | 0.15% |
Other Expenses: | ||
LWI Financial Inc. Client Service Fee | 0.08% | 0.08% |
Other Expenses | 0.05% | 0.05% |
Total Other Expenses | 0.13% | 0.13% |
Total Annual Fund Operating Expenses | 0.28% | 0.28% |
One Year | Three Years | Five Years | Ten Years | |
LWAS/DFA Two-Year Fixed Income Portfolio – Institutional Class | $29 | $90 | $157 | $356 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $29 | $90 | $157 | $356 |
Current | Pro Forma | |
LWAS/DFA Two-Year Government Portfolio | LWAS/DFA Two-Year Government Portfolio (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.15% | 0.15% |
Other Expenses: | ||
LWI Financial Inc. Client Service Fee | 0.08% | 0.08% |
Other Expenses | 0.04% | 0.04% |
Total Other Expenses | 0.12% | 0.12% |
Total Annual Fund Operating Expenses | 0.27% | 0.27% |
One Year | Three Years | Five Years | Ten Years | |
LWAS/DFA Two-Year Government Portfolio – Institutional Class | $28 | $87 | $152 | $343 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $28 | $87 | $152 | $343 |
Current | Pro Forma | |||
DFA International Value Portfolio | DFA International Value Portfolio (assumes shareholder approval of Updated Investment Management Agreement) | |||
Institutional Class | Class R2 | Institutional Class | Class R2 | |
Shareholder Fees (Fees paid directly from your investment) | None | None | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||
Management Fee | 0.40%* | 0.40%* | 0.60%** | 0.60%** |
Other Expenses: | ||||
Shareholder Services Fee | 0.00% | 0.25%^ | 0.00% | 0.25%^ |
Other Expenses | 0.03% | 0.03% | 0.03% | 0.03% |
Total Other Expenses | 0.03% | 0.28% | 0.03% | 0.28% |
Total Annual Fund Operating Expenses | 0.43% | 0.68% | 0.63% | 0.88% |
Fee Waiver and/or Expense Reimbursement | N/A | N/A | 0.20%** | 0.20%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.43% | 0.68% | 0.43% | 0.68% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The DFA International Value Series, and an administration fee payable by the DFA International Value Portfolio. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the DFA International Value Portfolio and the indirect expenses of the Portfolio’s portion of the expenses of The DFA International Value Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
^ | An amount up to 0.25% of the average net assets of the DFA International Value Portfolio’s Class R2 shares may be used to compensate service agents that provide shareholder servicing, record keeping, account maintenance and other services to investors in the Portfolio’s Class R2 shares. |
One Year | Three Years | Five Years | Ten Years | |
DFA International Value Portfolio – Institutional Class | $44 | $138 | $241 | $542 |
DFA International Value Portfolio – Class R2 | $69 | $218 | $379 | $847 |
Pro forma – Institutional Class (assumes shareholder approval of Updated Investment Management Agreement) | $44 | $138 | $241 | $542 |
Pro forma – Class R2 (assumes shareholder approval of Updated Investment Management Agreement) | $69 | $218 | $379 | $847 |
Current | Pro Forma | |
LWAS/DFA U.S. High Book to Market Portfolio | LWAS/DFA U.S. High Book to Market Portfolio (assumes shareholder approval of Updated Investment Management Agreement) | |
Shareholder Fees (Fees paid directly from your investment)^ | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.11%* | 0.21%** |
Other Expenses: | ||
LWI Financial Inc. Client Services Fee | 0.15% | 0.15% |
Other Expenses | 0.08% | 0.08% |
Total Other Expenses | 0.23% | 0.23% |
Total Annual Fund Operating Expenses | 0.34% | 0.44% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.10%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.34% | 0.34% |
^ | Shares of the LWAS/DFA U.S. High Book to Market Portfolio that are purchased through omnibus accounts maintained by securities firms may be subject to a service fee or commission on such purchases. |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The U.S. Large Cap Value Series, and an administration fee payable by the LWAS/DFA U.S. High Book to Market Portfolio. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the LWAS/DFA U.S. High Book to Market Portfolio and the indirect expenses of the Portfolio’s portion of the expenses of The U.S. Large Cap Value Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
LWAS/DFA U.S. High Book to Market Portfolio | $35 | $109 | $191 | $431 |
Pro forma (assumes shareholder approval of Updated Investment Management Agreement) | $35 | $109 | $191 | $431 |
Current | Pro Forma | |
U.S. Large Cap Value Portfolio II | U.S. Large Cap Value Portfolio II (assumes shareholder approval of Updated Investment Management Agreement) | |
Shareholder Fees (Fees paid directly from your investment)^ | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.11%* | 0.21%** |
Other Expenses | 0.05% | 0.05% |
Total Annual Fund Operating Expenses | 0.16% | 0.26% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.10%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.16% | 0.16% |
^ | Shares of the U.S. Large Cap Value Portfolio II that are purchased through omnibus accounts maintained by securities firms may be subject to a service fee or commission on such purchases. |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The U.S. Large Cap Value Series, and an administration fee payable by the U.S. Large Cap Value Portfolio II. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the U.S. Large Cap Value Portfolio II and the indirect expenses of the Portfolio’s portion of the expenses of The U.S. Large Cap Value Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
U.S. Large Cap Value Portfolio II | $16 | $52 | $90 | $205 |
Pro forma – (assumes shareholder approval of Updated Investment Management Agreement) | $16 | $52 | $90 | $205 |
Current | Pro Forma | |
U.S. Large Cap Value Portfolio III | U.S. Large Cap Value Portfolio III (assumes shareholder approval of Updated Investment Management Agreement) | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.11%* | 0.21%** |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.13% | 0.23% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.10%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.13% | 0.13% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The U.S. Large Cap Value Series, and an administration fee payable by the U.S. Large Cap Value Portfolio III. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the U.S. Large Cap Value Portfolio III and the indirect expenses of the Portfolio’s portion of the expenses of The U.S. Large Cap Value Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
U.S. Large Cap Value Portfolio III | $13 | $42 | $73 | $166 |
Pro forma – (assumes shareholder approval of Updated Investment Management Agreement) | $13 | $42 | $73 | $166 |
Current | Pro Forma | |
DFA International Value Portfolio II | DFA International Value Portfolio II (assumes shareholder approval of Updated Investment Management Agreement) | |
Shareholder Fees (Fees paid directly from your investment)^ | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.21%* | 0.41%** |
Other Expenses | 0.07% | 0.07% |
Total Annual Fund Operating Expenses | 0.28% | 0.48% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.20%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.28% | 0.28% |
^ | Shares of the DFA International Value Portfolio II that are purchased through omnibus accounts maintained by securities firms may be subject to a service fee or commission on such purchases. |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The DFA International Value Series, and an administration fee payable by the DFA International Value Portfolio II. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the DFA International Value Portfolio II and the indirect expenses of the Portfolio’s portion of the expenses of The DFA International Value Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
DFA International Value Portfolio II | $29 | $90 | $157 | $356 |
Pro forma (assumes shareholder approval of Updated Investment Management Agreement) | $29 | $90 | $157 | $356 |
Current | Pro Forma | |
DFA International Value Portfolio III | DFA International Value Portfolio III (assumes shareholder approval of Updated Investment Management Agreement) | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.21%* | 0.41%** |
Other Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.24% | 0.44% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.20%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.24% | 0.24% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The DFA International Value Series, and an administration fee payable by the DFA International Value Portfolio III. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the DFA International Value Portfolio III and the indirect expenses of the Portfolio’s portion of the expenses of The DFA International Value Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
DFA International Value Portfolio III | $25 | $77 | $135 | $306 |
Pro forma (assumes shareholder approval of Updated Investment Management Agreement) | $25 | $77 | $135 | $306 |
Current | Pro Forma | |
DFA International Value Portfolio IV | DFA International Value Portfolio IV (assumes shareholder approval of Updated Investment Management Agreement) | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.23%* | 0.43%** |
Other Expenses | 0.04% | 0.04% |
Total Annual Fund Operating Expenses | 0.27% | 0.47% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.20%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.27% | 0.27% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The DFA International Value Series, and an administration fee payable by the DFA International Value Portfolio IV. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the DFA International Value Portfolio IV and the indirect expenses of the Portfolio’s portion of the expenses of The DFA International Value Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
DFA International Value Portfolio IV | $28 | $87 | $152 | $343 |
Pro forma (assumes shareholder approval of Updated Investment Management Agreement) | $28 | $87 | $152 | $343 |
Current | Pro Forma | |
Tax-Managed U.S. Marketwide Value Portfolio II | Tax-Managed U.S. Marketwide Value Portfolio II (assumes shareholder approval of Updated Investment Management Agreement) | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20%* | 0.40%** |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.22% | 0.42% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.20%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.22% | 0.22% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The Tax-Managed U.S. Marketwide Value Series, and an administration fee payable by the Tax-Managed U.S. Marketwide Portfolio II. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the Tax-Managed U.S. Marketwide Value Portfolio II and the indirect expenses of the Portfolio’s portion of the expenses of The Tax-Managed U.S. Marketwide Value Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
Tax-Managed U.S. Marketwide Value Portfolio II | $23 | $71 | $124 | $280 |
Pro forma (assumes shareholder approval of Updated Investment Management Agreement) | $23 | $71 | $124 | $280 |
Current | Pro Forma | |
Emerging Markets Portfolio II | Emerging Markets Portfolio II (assumes shareholder approval of Updated Investment Management Agreement) | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.25%* | 0.35%** |
Other Expenses | 0.09% | 0.09% |
Total Annual Fund Operating Expenses | 0.34% | 0.44% |
Fee Waiver and/or Expense Reimbursement | N/A | 0.10%** |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.34% | 0.34% |
* | The “Management Fee” includes an investment management fee payable by the Master Fund, The Emerging Markets Series, and an administration fee payable by the Emerging Markets Portfolio II. The amounts set forth under “Other Expenses” and “Total Annual Fund Operating Expenses” reflect the direct expenses of the Emerging Markets Portfolio II and the indirect expenses of the Portfolio’s portion of the expenses of The Emerging Markets Series. |
** | The “Management Fee” includes an investment management fee payable by the Feeder Fund under the Updated Investment Management Agreement that is equal to the aggregate fees that the Advisor currently receives for investment management and administrative services under the master-feeder structure, as described in the preceding footnote, and an investment management fee payable by the Master Fund. For any period when the Feeder Fund is invested both directly in other funds managed by the Advisor (collectively, “Underlying Funds”) and directly in securities, the Advisor has contractually agreed to permanently waive the Feeder Fund’s direct investment management fee to the extent necessary to offset the proportionate share of any Underlying Fund’s investment management fee paid by the Feeder Fund through its investment in such Underlying Fund. |
One Year | Three Years | Five Years | Ten Years | |
Emerging Markets Portfolio II | $35 | $109 | $191 | $431 |
Pro forma (assumes shareholder approval of Updated Investment Management Agreement) | $35 | $109 | $191 | $431 |
Current | Pro Forma | |||
Global Equity Portfolio | Global Equity Portfolio (Updated Investment Management Agreement) | |||
Institutional Class | Class R2 | Institutional Class | Class R2 | |
Shareholder Fees (Fees paid directly from your investment) | None | None | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||
Management Fee | 0.30% | 0.30% | 0.30% | 0.30% |
Other Expenses: | ||||
Shareholder Services Fee | N/A | 0.25%^ | N/A | 0.25%^ |
Other Expenses | 0.01% | 0.01% | 0.01% | 0.01% |
Total Other Expenses | 0.01% | 0.26% | 0.01% | 0.26% |
Acquired Fund Fees and Expenses | 0.29% | 0.29% | 0.29% | 0.29% |
Total Annual Fund Operating Expenses | 0.60% | 0.85% | 0.60% | 0.85% |
Fee Waiver and/or Expense Reimbursement | 0.29%* | 0.29%* | 0.29%* | 0.29%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.31% | 0.56% | 0.31% | 0.56% |
^ | An amount up to 0.25% of the average net assets of the Portfolio’s Class R2 shares may be used to compensate service agents that provide shareholder servicing, record keeping, account maintenance and other services to investors in the Portfolio’s Class R2 shares (“Shareholder Services Agent”). |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
Global Equity Portfolio – Institutional Class | $32 | $163 | $306 | $722 |
Global Equity Portfolio – Class R2 | $57 | $242 | $443 | $1,022 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $32 | $163 | $306 | $722 |
Pro forma – Class R2 (Updated Investment Management Agreement) | $57 | $242 | $443 | $1,022 |
Current | Pro Forma | |||
Global Allocation 60/40 Portfolio | Global Allocation 60/40 Portfolio (Updated Investment Management Agreement) | |||
Institutional Class | Class R2 | Institutional Class | Class R2 | |
Shareholder Fees (Fees paid directly from your investment) | None | None | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||
Management Fee | 0.25% | 0.25% | 0.25% | 0.25% |
Other Expenses: | ||||
Shareholder Services Fee | N/A | 0.25%^ | N/A | 0.25%^ |
Other Expenses | 0.02% | 0.02% | 0.02% | 0.02% |
Total Other Expenses | 0.02% | 0.27% | 0.02% | 0.27% |
Acquired Fund Fees and Expenses | 0.25% | 0.25% | 0.25% | 0.25% |
Total Annual Fund Operating Expenses | 0.52% | 0.77% | 0.52% | 0.77% |
Fee Waiver and/or Expense Reimbursement | 0.23%* | 0.23%* | 0.23%* | 0.23%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.29% | 0.54% | 0.29% | 0.54% |
^ | An amount up to 0.25% of the average net assets of the Portfolio’s Class R2 shares may be used to compensate service agents that provide shareholder servicing, record keeping, account maintenance and other services to investors in the Portfolio’s Class R2 shares (“Shareholder Services Agent”). |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
Global Allocation 60/40 Portfolio – Institutional Class | $30 | $144 | $268 | $631 |
Global Allocation 60/40 Portfolio – Class R2 | $55 | $223 | $405 | $933 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $30 | $144 | $268 | $631 |
Pro forma – Class R2 (Updated Investment Management Agreement) | $55 | $223 | $405 | $933 |
Current | Pro Forma | |||
Global Allocation 25/75 Portfolio | Global Allocation 25/75 Portfolio (Updated Investment Management Agreement) | |||
Institutional Class | Class R2 | Institutional Class | Class R2 | |
Shareholder Fees (Fees paid directly from your investment) | None | None | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||
Management Fee | 0.20% | 0.20% | 0.20% | 0.20% |
Other Expenses: | ||||
Shareholder Services Fee | N/A | 0.25%^ | N/A | 0.25%^ |
Other Expenses | 0.03% | 0.03% | 0.03% | 0.03% |
Total Other Expenses | 0.03% | 0.28% | 0.03% | 0.28% |
Acquired Fund Fees and Expenses | 0.21% | 0.21% | 0.21% | 0.21% |
Total Annual Fund Operating Expenses | 0.44% | 0.69% | 0.44% | 0.69% |
Fee Waiver and/or Expense Reimbursement | 0.17%* | 0.17%* | 0.17%* | 0.17%* |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 0.27% | 0.52% | 0.27% | 0.52% |
^ | An amount up to 0.25% of the average net assets of the Portfolio’s Class R2 shares may be used to compensate service agents that provide shareholder servicing, record keeping, account maintenance and other services to investors in the Portfolio’s Class R2 shares (“Shareholder Services Agent”). |
* | The Advisor has agreed to waive certain fees and in certain instances, assume certain expenses of the Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2016, and may only be terminated by the Fund’s Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such fee waiver and/or expense assumption. |
One Year | Three Years | Five Years | Ten Years | |
Global Allocation 25/75 Portfolio – Institutional Class | $28 | $124 | $229 | $538 |
Global Allocation 25/75 Portfolio – Class R2 | $53 | $204 | $367 | $843 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $28 | $124 | $229 | $538 |
Pro forma – Class R2 (Updated Investment Management Agreement) | $53 | $204 | $367 | $843 |
Current | Pro Forma | |
The U.S. Large Cap Value Series | The U.S. Large Cap Value Series (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.10% | 0.10% |
Other Expenses | 0.01% | 0.01% |
Total Annual Fund Operating Expenses | 0.11% | 0.11% |
One Year | Three Years | Five Years | Ten Years | |
The U.S. Large Cap Value Series – Institutional Class | $11 | $35 | $62 | $141 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $11 | $35 | $62 | $141 |
Current | Pro Forma | |
The Tax-Managed U.S. Marketwide Value Series | The Tax-Managed U.S. Marketwide Value Series (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.01% | 0.01% |
Total Annual Fund Operating Expenses | 0.21% | 0.21% |
One Year | Three Years | Five Years | Ten Years | |
The Tax-Managed U.S. Marketwide Value Series – Institutional Class | $22 | $68 | $118 | $268 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $22 | $68 | $118 | $268 |
Current | Pro Forma | |
The DFA International Value Series | The DFA International Value Series (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.22% | 0.22% |
One Year | Three Years | Five Years | Ten Years | |
The DFA International Value Series – Institutional Class | $23 | $71 | $124 | $280 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $23 | $71 | $124 | $280 |
Current | Pro Forma | |
The Japanese Small Company Series | The Japanese Small Company Series (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.10% | 0.10% |
Other Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.13% | 0.13% |
One Year | Three Years | Five Years | Ten Years | |
The Japanese Small Company Series – Institutional Class | $13 | $42 | $73 | $166 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $13 | $42 | $73 | $166 |
Current | Pro Forma | |
The Asia Pacific Small Company Series | The Asia Pacific Small Company Series (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.10% | 0.10% |
Other Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.13% | 0.13% |
One Year | Three Years | Five Years | Ten Years | |
The Asia Pacific Small Company Series – Institutional Class | $13 | $42 | $73 | $166 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $13 | $42 | $73 | $166 |
Current | Pro Forma | |
The DFA Short-Term Investment Fund | The DFA Short- Term Investment Fund (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.05% | 0.05% |
Other Expenses | 0.01% | 0.01% |
Total Annual Fund Operating Expenses | 0.06% | 0.06% |
One Year | Three Years | Five Years | Ten Years | |
The Dimensional Short-Term Investment Fund – Institutional Class | $6 | $19 | $34 | $77 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $6 | $19 | $34 | $77 |
Current | Pro Forma | |
The United Kingdom Small Company Series | The United Kingdom Small Company Series (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.10% | 0.10% |
Other Expenses | 0.01% | 0.01% |
Total Annual Fund Operating Expenses | 0.11% | 0.11% |
One Year | Three Years | Five Years | Ten Years | |
The United Kingdom Small Company Series – Institutional Class | $11 | $35 | $62 | $141 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $11 | $35 | $62 | $141 |
Current | Pro Forma | |
The Continental Small Company Series | The Continental Small Company Series (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.10% | 0.10% |
Other Expenses | 0.03% | 0.03% |
Total Annual Fund Operating Expenses | 0.13% | 0.13% |
One Year | Three Years | Five Years | Ten Years | |
The Continental Small Company Series – Institutional Class | $13 | $42 | $73 | $166 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $13 | $42 | $73 | $166 |
Current | Pro Forma | |
The Canadian Small Company Series | The Canadian Small Company Series (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.10% | 0.10% |
Other Expenses | 0.02% | 0.02% |
Total Annual Fund Operating Expenses | 0.12% | 0.12% |
One Year | Three Years | Five Years | Ten Years | |
The Canadian Small Company Series – Institutional Class | $12 | $39 | $68 | $154 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $12 | $39 | $68 | $154 |
Current | Pro Forma | |
The Emerging Markets Series | The Emerging Markets Series (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.10% | 0.10% |
Other Expenses | 0.05% | 0.05% |
Total Annual Fund Operating Expenses | 0.15% | 0.15% |
One Year | Three Years | Five Years | Ten Years | |
The Emerging Markets Series – Institutional Class | $15 | $48 | $85 | $192 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $15 | $48 | $85 | $192 |
Current | Pro Forma | |
The Emerging Markets Small Cap Series | The Emerging Markets Small Cap Series (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.20% | 0.20% |
Other Expenses | 0.06% | 0.06% |
Total Annual Fund Operating Expenses | 0.26% | 0.26% |
One Year | Three Years | Five Years | Ten Years | |
The Emerging Markets Small Cap Series – Institutional Class | $27 | $84 | $146 | $331 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $27 | $84 | $146 | $331 |
Current | Pro Forma | |
Dimensional Emerging Markets Value Fund | Dimensional Emerging Markets Value Fund (Updated Investment Management Agreement) | |
Institutional Class | Institutional Class | |
Shareholder Fees (Fees paid directly from your investment) | None | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Management Fee | 0.10% | 0.10% |
Other Expenses | 0.05% | 0.05% |
Total Annual Fund Operating Expenses | 0.15% | 0.15% |
One Year | Three Years | Five Years | Ten Years | |
Dimensional Emerging Markets Value Fund – Institutional Class | $15 | $48 | $85 | $192 |
Pro forma – Institutional Class (Updated Investment Management Agreement) | $15 | $48 | $85 | $192 |
DFA INVESTMENT DIMENSIONS GROUP INC.
INVESTMENT MANAGEMENT AGREEMENT
(i) | monitor and evaluate the services provided to the Fund for the benefit of the Portfolio by the Portfolio’s custodian, transfer and dividend disbursing agents, printers, insurance carriers (as well as insurance agents and insurance brokers), independent public accountants, legal counsel and other persons and entities who provide similar services to the Fund for the benefit of the Portfolio; |
(ii) | monitor the preparation of periodic reports and notices of distributions to shareholders of the Portfolio; |
(iii) | coordinate, monitor and evaluate the daily pricing and valuation of the Portfolio’s investment portfolio; |
(iv) | monitor the Portfolio’s compliance with recordkeeping requirements of applicable federal, state, and foreign laws and regulations; |
(v) | assist the Portfolio to comply with the provisions of applicable federal, state, and foreign tax laws and tax regulations; |
(vi) | assist the Portfolio to comply with the provisions of applicable federal, state, local and foreign securities, organizational and other laws that govern the business of the Fund in respect of the Portfolio, including with respect to the preparation of registration statements and other materials in connection with the offering of the Portfolio’s shares; |
(vii) | monitor and coordinate the provision of trade administration oversight services to the Portfolio, including settlement oversight services, reconciliation services, collateral management oversight services, and similar services, including recommending corrective action; |
(viii) | assist the Portfolio to conduct meetings of the Portfolio’s shareholders if and when called by the Board; |
(ix) | furnish such information to the Board as the Board may reasonably require in connection with the annual approval of this Agreement, and coordinate the provision of such other information as the Board may reasonably request; and |
(x) | provide the shareholders of the Portfolio with such information regarding the operation and affairs of the Portfolio, and their investment in its shares, as they or the Fund may reasonably request. |
i. | Fees and expenses paid to the Manager as provided herein; |
ii. | Brokerage fees and commissions in connection with the purchase and sale of securities for the Portfolio; |
iii. | Fees and expenses of transfer and dividend disbursing agents, sub-transfer agents, custodians, securities lending agents, administrators and shareholder servicing and record-keeping agents, including the expenses of issue, repurchase or redemption of its shares; |
iv. | Fees and expense of registering and maintaining the registration of the Portfolio and its shares under federal and any applicable state laws; including the printing and distribution of prospectuses to its existing shareholders; |
v. | Fees and expenses incident to meetings of the shareholders of the Fund, reports to the Portfolio’s shareholders, the filing of reports with regulatory bodies and the maintenance of the Portfolio’s and the Fund’s legal existence; |
vi. | Fees and expenses of all audits by independent public accountants; |
vii. | Fees and expenses of legal counsel to the Portfolio and/or the Directors, including the legal fees related to the registration and continued qualification of the Portfolio’s shares for sale; |
viii. | Compensation of, and fees and expenses incurred by those individuals serving as, Directors who are not directors, officers, employees or shareholders of the Manager or any of its affiliates; |
ix. | Fees and expenses relating to the pricing and return data of Portfolio assets and related indices to the extent necessary for disclosure in regulatory filings for the Fund, including expenses of obtaining quotations for calculating the value of the Portfolio’s net assets; |
x. | The Portfolio’s pro rata portion of fidelity bond, errors and omissions, and trustees and officer liability insurance premiums; |
xi. | The Portfolio’s pro-rata portion of fees and expenses in connection with membership in investment company organizations or trade associations, as approved by the Board; |
xii. | Salaries and other compensation, in whole or in part, of officers and employees of the Fund who are not officers, directors, or employees of the Manager or its affiliates (provided, however, notwithstanding the employment of officers or personnel by the Manager, the Fund shall be responsible for its pro rata portion of any salary and other compensation as may be payable to the Fund’s chief compliance officer; |
xiii. | Fees and expenses incident to meetings of the Board of Directors/Board of Trustees of the Fund; |
xiv. | Taxes and other governmental fees levied against the Portfolio, and the preparation of the Fund’s tax returns; |
xv. | Investment fees and expenses of the Portfolio, including the interest expense of borrowing money; |
xvi. | Fees and expenses associated with obtaining tax reclaims for the Portfolio; |
xvii. | Fees and expenses associated with preparing the Portfolio’s filings with the Securities and Exchange Commission, Commodity Futures Trading Commission, National Futures Association, or other government agency or regulatory body and any costs associated with disclosure, reporting and recordkeeping requirements with respect to such filings; |
xviii. | Fees and expenses associated with regulatory inquiries and examinations, regulatory proceedings, and regulatory investigations of the Portfolio; |
xix. | Fees and expenses incurred in connection with any litigation or regulatory proceeding, including class action proceedings, bankruptcy proceedings, and responses to subpoenas of any kind; |
xx. | Extraordinary fees and expenses of the Portfolio; |
xxi. | Fees and expenses associated with trade administration oversight services with respect to reconciliations, including: (a) assistance with Portfolio valuation and tax lot accounting; (b) daily reconciliation of the Portfolio’s cash and positions with the Portfolio’s custodians; (c) detailed reconciliations of the Portfolio’s net asset value; and (d) maintenance of books and records of portfolio transactions; |
xxii. | Fees and expenses associated with trade administration oversight services with respect to settlement oversight, including: (a) capturing information for trades executed for the Portfolio and corporate action elections and transmitting such information to custodians, other fund service providers and other third parties such as securities lending agents; and (b) coordinating with custodians and brokers to identify, investigate and resolve all unmatched and failed trades and matters related to corporate actions; |
xxiii. | Fees and expenses associated with trade administration oversight services with respect to collateral management oversight, including: (a) the administration of the Portfolio’s margin accounts; (b) calculation and management of daily margin calls; (c) transmission of instructions related to collateral settlement; and (d) reviews of collateral eligibility and substitute collateral; |
xxiv. | Fees and expenses related to the Portfolio’s, not the Manager’s, compliance program; |
xxv. | Fees and expenses associated with oversight of the securities lending activities of the Portfolio to the extent permissible by law; and |
xxvi. | Fees and expenses associated with the voting of proxies (or other requests for consent or approval of interest holders) with respect to securities or other assets held by the Portfolio, including certain research services, as approved by the Board. |
DIMENSIONAL FUND ADVISORS LP | DFA INVESTMENT DIMENSIONS GROUP INC. | |||
By: | DIMENSIONAL HOLDINGS INC., General Partner | |||
By: | By: | |||
Name | Name | |||
Title | Title |
Name of Fund | Rate of compensation under Investment Advisory Agreement | Aggregate amount of advisory fees (before and after waivers/recoupments) paid to the Advisor during the last fiscal year | Aggregate amount of administration fees (before and after waivers) paid to the Advisor during the last fiscal year |
DFA Investment Dimensions Group Inc. | |||
Enhanced U.S. Large Company Portfolio1 | 0.05% | $103,000 | $310,000 |
U.S. Large Cap Equity Portfolio | 0.15% | $297,000 ($268,000 after waiver) | N/A |
U.S. Small Cap Value Portfolio1 | 0.20% | $21,412,000 | $32,118,000 |
U.S. Targeted Value Portfolio1 | 0.10% | $4,941,000 | $12,352,000 |
U.S. Core Equity 1 Portfolio | 0.17% | $15,551,000 | N/A |
U.S. Core Equity 2 Portfolio | 0.20% | $22,906,000 | N/A |
U.S. Vector Equity Portfolio | 0.30% | $9,637,000 | N/A |
U.S. Small Cap Portfolio1 | 0.03% | $2,525,000 | $26,929,000 |
U.S. Micro Cap Portfolio1 | 0.10% | $4,842,000 | $19,369,000 |
DFA Real Estate Securities Portfolio | 0.17% | $9,263,000 ($8,867,000 after waiver) | N/A |
Large Cap International Portfolio | 0.25% | $7,471,000 | N/A |
International Core Equity Portfolio | 0.35% | $39,037,000 | N/A |
DFA International Real Estate Securities Portfolio | 0.35% | $8,947,000 | N/A |
DFA International Small Cap Value Portfolio | 0.65% | $77,966,000 | N/A |
International Vector Equity Portfolio | 0.45% | $5,621,000 | N/A |
Emerging Markets Core Equity Portfolio | 0.55% | $79,177,000 | N/A |
DFA One-Year Fixed Income Portfolio1 | 0.05% | $4,378,000 | $8,759,000 |
DFA Two-Year Global Fixed Income Portfolio1 | 0.05% | $2,951,000 | $5,903,000 |
DFA Selectively Hedged Global Fixed Income Portfolio | 0.15% | $1,516,000 | N/A |
DFA Five-Year Global Fixed Income Portfolio | 0.25% | $21,850,000 | N/A |
DFA World ex U.S. Government Fixed Income Portfolio | 0.18% | $524,000 | N/A |
DFA Short-Term Government Portfolio | 0.17% | $3,236,000 | N/A |
DFA Intermediate Government Fixed Income Portfolio | 0.10% | $3,619,000 | N/A |
DFA Short-Term Extended Quality Portfolio | 0.20% | $6,957,000 | N/A |
DFA Intermediate-Term Extended Quality Portfolio | 0.20% | $3,505,000 | N/A |
DFA Inflation-Protected Securities Portfolio | 0.10% | $2,542,000 | N/A |
DFA Short-Duration Real Return Portfolio | 0.20% | $700,000 | N/A |
DFA Short-Term Municipal Bond Portfolio | 0.20% | $4,001,000 | N/A |
DFA Intermediate-Term Municipal Bond Portfolio | 0.20% | $770,000 | N/A |
Name of Fund | Rate of compensation under Investment Advisory Agreement | Aggregate amount of advisory fees (before and after waivers/recoupments) paid to the Advisor during the last fiscal year | Aggregate amount of administration fees (before and after waivers) paid to the Advisor during the last fiscal year |
DFA California Short-Term Municipal Bond Portfolio | 0.20% | $1,225,000 | N/A |
DFA California Intermediate-Term Municipal Bond Portfolio | 0.20% | $236,000 | N/A |
DFA Municipal Real Return Portfolio* | 0.20% | N/A | N/A |
Tax-Managed U.S. Targeted Value Portfolio | 0.42% | $14,335,000 | N/A |
Tax-Managed U.S. Equity Portfolio1 | 0.05% | $1,078,000 | $3,235,000 ($3,166,000 after waiver) |
Tax-Managed U.S. Small Cap Portfolio | 0.50% | $9,976,000 | N/A |
T.A. U.S. Core Equity 2 Portfolio | 0.22% | $10,157,000 | N/A |
Tax-Managed DFA International Value Portfolio | 0.50% | $14,928,000 | N/A |
T.A. World ex U.S. Core Equity Portfolio | 0.40% | $7,688,000 | N/A |
U.S. Social Core Equity 2 Portfolio | 0.25% | $1,144,000 | N/A |
U.S. Sustainability Core 1 Portfolio | 0.29% | $1,030,000 | N/A |
International Sustainability Core 1 Portfolio | 0.42% | $1,156,000 | N/A |
DFA International Value ex Tobacco Portfolio | 0.45% | $345,000 ($353,000 after recoupment of fees previously waived) | N/A |
International Social Core Equity Portfolio | 0.37% | $783,000 ($849,000 after waiver) | N/A |
Emerging Markets Social Core Equity Portfolio | 0.55% | $4,439,000 | N/A |
CSTG&E U.S. Social Core Equity 2 Portfolio | 0.27% | $247,000 | N/A |
CSTG&E International Social Core Equity Portfolio | 0.42% | $475,000 | N/A |
DFA Commodity Strategy Portfolio | 0.30% | $3,648,000 ($3,008,000 after waiver) | N/A |
U.S. Large Cap Growth Portfolio | 0.17% | $557,000 ($496,000 after waiver) | N/A |
U.S. Small Cap Growth Portfolio | 0.35% | $529,000 ($511,000 after waiver) | N/A |
International Large Cap Growth Portfolio | 0.25% | $214,000 ($153,000 after waiver) | N/A |
International Small Cap Growth Portfolio | 0.50% | $297,000 ($198,000 after waiver) | N/A |
Dimensional Retirement Fixed Income Fund III | 0.30% | $4,000 ($0 after waiver) | N/A |
Feeder Funds | |||
U.S. Large Cap Value Portfolio | 0.00% | $16,749,0002 | $20,484,000 |
Japanese Small Company Portfolio | 0.00% | $2,353,0002 | $1,757,000 |
Asia Pacific Small Company Portfolio | 0.00% | $1,392,0002 | $1,488,000 |
Name of Fund | Rate of compensation under Investment Advisory Agreement | Aggregate amount of advisory fees (before and after waivers/recoupments) paid to the Advisor during the last fiscal year | Aggregate amount of administration fees (before and after waivers) paid to the Advisor during the last fiscal year |
United Kingdom Small Company Portfolio | 0.00% | $2,100,0002 | $153,000 ($141,000 after waiver) |
Continental Small Company Portfolio | 0.00% | $3,415,0002 | $728,000 |
Emerging Markets Portfolio | 0.00% | $3,968,0002 | $15,438,000 |
Emerging Markets Value Portfolio | 0.00% | $19,212,0002 | $76,112,000 |
Emerging Markets Small Cap Portfolio | 0.00% | $8,929,0002 | $19,823,000 |
Tax-Managed U.S. Marketwide Value Portfolio | 0.00% | $9,619,0002 | $5,116,000 |
LWAS/DFA International High Book to Market Portfolio | 0.00% | $18,658,0002 | $8,000 |
Funds of Funds | |||
International Small Company Portfolio | 0.40% | $7,962,0003 | $36,252,000 |
DFA Global Real Estate Securities Portfolio | 0.27% | $6,955,000 ($1,062,000 after waiver) | N/A |
World ex U.S. Value Portfolio | 0.47% | $554,000 ($330,000 after waiver) | N/A |
World ex U.S. Targeted Value Portfolio | 0.58% | $813,000 ($145,000 after waiver) | N/A |
World ex U.S. Core Equity Portfolio | 0.40% | $938,000 ($0 after waiver) | N/A |
Selectively Hedged Global Equity Portfolio | 0.30% | $329,000 ($14,000 after waiver) | N/A |
DFA Investment Grade Portfolio | 0.20% | $3,955,000 | N/A |
World Core Equity (Formerly Dimensional Retirement Equity Fund II) | 0.30% | $81,000 ($0 after waiver) | N/A |
Dimensional Investment Group Inc. | |||
U.S. Large Company Portfolio1 | 0.025% | $1,326,000 | $1,857,000 ($1,777,000 after waiver) |
LWAS/DFA Two-Year Fixed Income Portfolio | 0.15% | $147,000 | N/A |
LWAS/DFA Two-Year Government Portfolio | 0.15% | $219,000 | N/A |
Feeder Funds | |||
DFA International Value Portfolio | 0.00% | $18,658,0002 | $13,943,000 |
LWAS/DFA U.S. High Book to Market Portfolio | 0.00% | $16,749,0002 | $7,000 |
U.S. Large Cap Value Portfolio II | 0.00% | $16,749,0002 | $17,000 |
U.S. Large Cap Value Portfolio III | 0.00% | $16,749,0002 | $285,000 |
DFA International Value Portfolio II | 0.00% | $18,658,0002 | $12,000 |
DFA International Value Portfolio III | 0.00% | $18,658,0002 | $181,000 |
DFA International Value Portfolio IV | 0.00% | $18,658,0002 | $80,000 |
Tax-Managed U.S. Marketwide Value Portfolio II | 0.00% | $9,619,0002 | N/A |
Emerging Markets Portfolio II | 0.00% | $3,968,0002 | $161,000 |
Name of Fund | Rate of compensation under Investment Advisory Agreement | Aggregate amount of advisory fees (before and after waivers/recoupments) paid to the Advisor during the last fiscal year | Aggregate amount of administration fees (before and after waivers) paid to the Advisor during the last fiscal year |
Funds of Funds | |||
Global Equity Portfolio | 0.00% | $04 | $10,438,000 ($177,000 after waiver) |
Global Allocation 60/40 Portfolio | 0.00% | $04 | $5,427,000 ($421,000 after waiver) |
Global Allocation 25/75 Portfolio | 0.00% | $04 | $1,233,000 ($177,000 after waiver) |
The DFA Investment Trust Company (Master Funds) | |||
The U.S. Large Cap Value Series | 0.10% | $16,749,000 | N/A |
The Tax-Managed U.S. Marketwide Value Series | 0.20% | $9,619,000 | N/A |
The DFA International Value Series | 0.20% | $18,658,000 | N/A |
The Japanese Small Company Series | 0.10% | $2,353,000 | N/A |
The Asia Pacific Small Company Series | 0.10% | $1,392,000 | N/A |
The United Kingdom Small Company Series | 0.10% | $2,100,000 | N/A |
The Continental Small Company Series | 0.10% | $3,415,000 | N/A |
The Canadian Small Company Series | 0.10% | $857,000 | N/A |
The Emerging Markets Series | 0.10% | $3,968,000 | N/A |
The Emerging Markets Small Cap Series | 0.20% | $8,929,000 | N/A |
The DFA Short Term Investment Fund | 0.05% | $11,089,000 | N/A |
Dimensional Emerging Markets Value Fund (Master Fund) | |||
Dimensional Emerging Markets Value Fund | 0.10% | $19,212,000 | N/A |
* | The DFA Municipal Real Return Portfolio commenced operations on November 4, 2014. |
1 | Effective February 28, 2014, the Investment Advisory Agreement and Administration Agreement for each of these Funds were combined into an Investment Management Agreement that provides for an investment management fee payable to the Advisor for both investment advisory services and administrative services. The agreements were combined pursuant to SEC interpretive guidance, which allows an investment company’s board of directors/trustees to combine the terms of the investment company’s separate investment advisory and administration agreements into a single management agreement, subject to certain conditions, without obtaining shareholder approval. Accordingly, effective February 28, 2014, each Fund is subject to a monthly combined investment management fee based on average net assets equal to one-twelfth of the percentages listed below: |
Fund | Combined Investment Management Fee |
Enhanced U.S. Large Company Portfolio | 0.20% |
U.S. Small Cap Value Portfolio | 0.50% |
U.S. Targeted Value Portfolio | 0.35% |
U.S. Small Cap Portfolio | 0.35% |
U.S. Micro Cap Portfolio | 0.50% |
DFA One-Year Fixed Income Portfolio | 0.15% |
DFA Two-Year Global Fixed Income Portfolio | 0.15% |
Tax-Managed U.S. Equity Portfolio | 0.20% |
U.S. Large Company Portfolio | 0.06% |
2 | Each Feeder Fund indirectly pays management fees through the Master Fund in which it invests. However, the Master Fund has more than one Feeder Fund and/or direct investor and the dollar amount in the above table represents the total dollar amount of management fees paid by the Master Fund to the Advisor. |
3 | Each of the underlying funds in which the Fund invests its assets has more than one Fund that invests in such underlying fund (which are also included elsewhere in this table). The dollar amount represents the total dollar amount of management fees attributable to this Fund paid by each underlying fund to the Advisor. |
4 | The Advisor is paid no fee for the services it provides as investment advisor to the Fund. As a shareholder of the underlying funds, the Fund pays its proportionate shares of the management fees paid to the Advisor by the underlying funds. |
Name of Fund | Date of Investment Advisory Agreement | Date Investment Advisory Agreement was last submitted to shareholders | The purpose of submission to shareholders |
DFA Investment Dimensions Group Inc. | |||
Enhanced U.S. Large Company Portfolio1,2 | 02/08/1996 | 07/02/1996 | Approval by initial sole shareholder |
U.S. Large Cap Equity Portfolio | 06/17/2013 | 06/19/2013 | Approval by initial sole shareholder |
U.S. Small Cap Value Portfolio1,2 | 01/06/1993, amended 03/27/2001 | 12/17/1992 | Approval by initial sole shareholder |
U.S. Targeted Value Portfolio1,2 | 11/28/1997, amended 03/27/2001 and 12/01/2006 | 12/01/1997 | Approval by initial sole shareholder |
U.S. Core Equity 1 Portfolio | 09/13/2005 | 09/14/2005 | Approval by initial sole shareholder |
U.S. Core Equity 2 Portfolio | 09/13/2005 | 09/14/2005 | Approval by initial sole shareholder |
U.S. Vector Equity Portfolio | 09/13/2005 | 12/29/2005 | Approval by initial sole shareholder |
U.S. Small Cap Portfolio1,2 | 01/06/1993, amended 03/27/2001 | 12/17/1992 | Approval by initial sole shareholder |
U.S. Micro Cap Portfolio1,2 | 11/28/1997, amended 03/27/2001 | 11/30/1997 | Approval by initial sole shareholder |
DFA Real Estate Securities Portfolio | 09/21/1992, amended 12/20/1996 | 09/21/1992 | Approval by initial sole shareholder |
Large Cap International Portfolio | 04/02/1991 | 04/02/1991 | Approval by initial sole shareholder |
International Core Equity Portfolio | 09/13/2005 | 09/14/2005 | Approval by initial sole shareholder |
DFA International Real Estate Securities Portfolio | 12/05/2006 | 02/28/2007 | Approval by initial sole shareholder |
DFA International Small Cap Value Portfolio | 12/20/1994 | 12/29/1994 | Approval by initial sole shareholder |
International Vector Equity Portfolio | 06/23/2008 | 07/28/2008 | Approval by initial sole shareholder |
Emerging Markets Core Equity Portfolio | 03/30/2005 | 04/04/2005 | Approval by initial sole shareholder |
DFA One-Year Fixed Income Portfolio1,2 | 01/06/1993 | 12/17/1992 | Approval by initial sole shareholder |
DFA Two-Year Global Fixed Income Portfolio1,2 | 02/08/1996 | 02/09/1996 | Approval by initial sole shareholder |
DFA Selectively Hedged Global Fixed Income Portfolio | 01/07/2008 | 01/08/2008 | Approval by initial sole shareholder |
DFA Five-Year Global Fixed Income Portfolio | 09/24/1990 | 09/24/1990 | Approval by initial sole shareholder |
Name of Fund | Date of Investment Advisory Agreement | Date Investment Advisory Agreement was last submitted to shareholders | The purpose of submission to shareholders |
DFA World ex U.S. Government Fixed Income Portfolio | 10/27/2011 | 11/22/2011 | Approval by initial sole shareholder |
DFA Short-Term Government Portfolio | 05/13/87 – amended and restated 02/28/10 | 05/04/1987 | Approval by initial sole shareholder |
DFA Intermediate Government Fixed Income Portfolio | 09/24/1990 | 09/24/1990 | Approval by initial sole shareholder |
DFA Short-Term Extended Quality Portfolio | 03/05/2009 | 03/03/2009 | Approval by initial sole shareholder |
DFA Intermediate-Term Extended Quality Portfolio | 07/14/2010 | 07/15/2010 | Approval by initial sole shareholder |
DFA Inflation-Protected Securities Portfolio | 09/12/2006 | 09/15/2006 | Approval by initial sole shareholder |
DFA Short-Duration Real Return Portfolio | 10/01/2013 | 10/31/2013 | Approval by initial sole shareholder |
DFA Short-Term Municipal Bond Portfolio | 07/30/2002 | 08/13/2002 | Approval by initial sole shareholder |
DFA Intermediate-Term Municipal Bond Portfolio | 12/16/2011 | 01/04/2012 | Approval by initial sole shareholder |
DFA California Short-Term Municipal Bond Portfolio | 03/30/2007 | 03/30/2007 | Approval by initial sole shareholder |
DFA California Intermediate-Term Municipal Bond Portfolio | 02/28/2011 | 11/09/2011 | Approval by initial sole shareholder |
DFA Municipal Real Return Portfolio | 10/09/2014 | 11/03/2014 | Approval by initial sole shareholder |
Tax-Managed U.S. Targeted Value Portfolio | 12/07/1998, amended 03/27/2001, and 03/30/2007 | 12/07/1998 | Approval by initial sole shareholder |
Tax-Managed U.S. Equity Portfolio1,2 | 07/26/2001, amended 09/21/2001 | 09/21/2001 | Approval by initial sole shareholder |
Tax-Managed U.S. Small Cap Portfolio | 12/07/1998, amended 03/27/2001, and 03/30/2007 | 12/07/1998 | Approval by initial sole shareholder |
T.A. U.S. Core Equity 2 Portfolio | 03/30/2007 | 10/03/2007 | Approval by initial sole shareholder |
Tax-Managed DFA International Value Portfolio | 12/07/1998, amended 03/27/2001, and 03/30/2007 | 12/07/1998 | Approval by initial sole shareholder |
T.A. World ex U.S. Core Equity Portfolio | 02/26/2008 | 02/26/2008 | Approval by initial sole shareholder |
U.S. Social Core Equity 2 Portfolio | 07/06/2007 | 09/19/2007 | Approval by initial sole shareholder |
U.S. Sustainability Core 1 Portfolio | 01/14/2008 | 03/07/2008 | Approval by initial sole shareholder |
International Sustainability Core 1 Portfolio | 01/14/2008 | 03/07/2008 | Approval by initial sole shareholder |
Name of Fund | Date of Investment Advisory Agreement | Date Investment Advisory Agreement was last submitted to shareholders | The purpose of submission to shareholders |
DFA International Value ex Tobacco Portfolio | 06/23/2008 | 06/27/2008 | Approval by initial sole shareholder |
International Social Core Equity Portfolio | 10/23/2012 | 10/31/2012 | Approval by initial sole shareholder |
Emerging Markets Social Core Equity Portfolio | 08/07/2006 | 08/30/2006 | Approval by initial sole shareholder |
CSTG&E U.S. Social Core Equity 2 Portfolio | 07/21/2007 | 08/03/2007 | Approval by initial sole shareholder |
CSTG&E International Social Core Equity Portfolio | 07/21/2007 | 08/03/2007 | Approval by initial sole shareholder |
DFA Commodity Strategy Portfolio | 11/05/2010 | 11/08/2010 | Approval by initial sole shareholder |
U.S. Large Cap Growth Portfolio | 12/19/2012 | 12/19/2012 | Approval by initial sole shareholder |
U.S. Small Cap Growth Portfolio | 12/19/2012 | 12/19/2012 | Approval by initial sole shareholder |
International Large Cap Growth Portfolio | 12/19/2012 | 12/19/2012 | Approval by initial sole shareholder |
International Small Cap Growth Portfolio | 12/19/2012 | 12/19/2012 | Approval by initial sole shareholder |
Dimensional Retirement Fixed Income Fund III | 07/25/2011 | 02/27/2012 | Approval by initial sole shareholder |
Feeder Funds | |||
U.S. Large Cap Value Portfolio | 02/28/2010 | 07/08/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
Japanese Small Company Portfolio | 02/28/2010 | 06/02/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
Asia Pacific Small Company Portfolio | 02/28/2010 | 06/02/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
United Kingdom Small Company Portfolio | 02/28/2010 | 06/02/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
Continental Small Company Portfolio | 02/28/2010 | 06/02/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
Emerging Markets Portfolio | 02/28/2010 | 07/08/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
Name of Fund | Date of Investment Advisory Agreement | Date Investment Advisory Agreement was last submitted to shareholders | The purpose of submission to shareholders |
Emerging Markets Value Portfolio | 02/28/2010 | 06/02/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
Emerging Markets Small Cap Portfolio | 02/28/2010 | 07/08/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
Tax-Managed U.S. Marketwide Value Portfolio | 02/28/2010 | 07/08/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
LWAS/DFA International High Book to Market Portfolio | 02/28/2010 | 07/08/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
Funds of Funds | |||
International Small Company Portfolio | 08/08/1996 | 08/09/1996 | Approval by initial sole shareholder |
DFA Global Real Estate Securities Portfolio | 04/23/2008 | 06/03/2008 | Approval by initial sole shareholder |
World ex U.S. Value Portfolio | 08/10/2010 | 08/17/2010 | Approval by initial sole shareholder |
World ex U.S. Targeted Value Portfolio | 10/23/2012 | 10/31/2012 | Approval by initial sole shareholder |
World ex U.S. Core Equity Portfolio | 04/02/2013 | 04/05/2013 | Approval by initial sole shareholder |
Selectively Hedged Global Equity Portfolio | 10/27/2011 | 11/09/2011 | Approval by initial sole shareholder |
DFA Investment Grade Portfolio | 02/28/2011 | 03/04/2011 | Approval by initial sole shareholder |
World Core Equity Portfolio | 07/25/2011 | 02/27/2012 | Approval by initial sole shareholder |
Dimensional Investment Group Inc. | |||
U.S. Large Company Portfolio1,2 | 12/1/1995 | 11/30/1995 | Approved new advisory agreements at special joint meeting of shareholders |
LWAS/DFA Two-Year Fixed Income Portfolio | 11/30/1997 amended 7/27/2000, 3/19/2002, and 10/28/2004 | 05/16/1996 | Approved new advisory agreements at special joint meeting of shareholders |
LWAS/DFA Two-Year Government Portfolio | 11/30/1997 amended 7/27/2000, and 10/28/2004 | 05/16/1996 | Approved new advisory agreements at special joint meeting of shareholders |
Feeder Funds | |||
DFA International Value Portfolio | 02/28/2010 | 07/08/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
Name of Fund | Date of Investment Advisory Agreement | Date Investment Advisory Agreement was last submitted to shareholders | The purpose of submission to shareholders |
LWAS/DFA U.S. High Book to Market Portfolio | 02/28/2010 | 07/08/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
U.S. Large Cap Value Portfolio II | 02/28/2010 | 06/05/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
U.S. Large Cap Value Portfolio III | 02/28/2010 | 07/08/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
DFA International Value Portfolio II | 02/28/2010 | 06/05/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
DFA International Value Portfolio III | 02/28/2010 | 07/08/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
DFA International Value Portfolio IV | 02/28/2010 | 06/05/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
Tax-Managed U.S. Marketwide Value Portfolio II | 02/28/2010 | 07/08/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
Emerging Markets Portfolio II | 02/28/2010 | 06/05/2009 | Approved certain limited advisory services at special joint meeting of shareholders |
Funds of Funds | |||
Global Equity Portfolio | 12/23/2003 | 12/23/2003 | Approval by initial sole shareholder |
Global Allocation 60/40 Portfolio | 12/23/2003 | 12/23/2003 | Approval by initial sole shareholder |
Global Allocation 25/75 Portfolio | 12/23/2003 | 12/23/2003 | Approval by initial sole shareholder |
The DFA Investment Trust Company | |||
The U.S. Large Cap Value Series | 01/06/1993 | 12/17/1992 | Approval by initial sole shareholder |
The Tax-Managed U.S. Marketwide Value Series | 12/07/1998 | 12/07/1998 | Approval by initial sole shareholder |
The DFA International Value Series | 12/01/1993 | 02/15/1994 | Approval by initial sole shareholder |
The Japanese Small Company Series | 08/07/1996 | 08/09/1996 | Approval by initial sole shareholder |
Name of Fund | Date of Investment Advisory Agreement | Date Investment Advisory Agreement was last submitted to shareholders | The purpose of submission to shareholders |
The Asia Pacific Small Company Series | 08/07/1996, amended 10/21/2005 | 08/09/1996 | Approval by initial sole shareholder |
The United Kingdom Small Company Series | 08/07/1996 | 08/09/1996 | Approval by initial sole shareholder |
The Continental Small Company Series | 08/07/1996 | 08/09/1996 | Approval by initial sole shareholder |
The Canadian Small Company Series | 03/30/2007 | 03/30/2007 | Approval by initial sole shareholder |
The Emerging Markets Series | 01/11/1994 | 04/01/1994 | Approval by initial sole shareholder |
The Emerging Markets Small Cap Series | 10/18/1996 | 12/01/1996 | Approval by initial sole shareholder |
The DFA Short Term Investment Fund | 01/14/2010 | 01/15/2010 | Approval by initial sole shareholder |
Dimensional Emerging Markets Value Fund | |||
Dimensional Emerging Markets Value Fund | 10/30/2009 | 10/30/2009 | Approved agreement and plan of reorganization |
1 | The Fund, which initially operated in a master-feeder structure, was “collapsed” or merged in a transaction in which a master fund (which was a series of DFAITC) combined with the Fund. The Fund was the master fund’s sole feeder portfolio at the time of the collapse. The Board approved the collapse in reliance on an SEC no-action letter, which allowed the Fund to enter into an Investment Advisory Agreement with the Advisor, without obtaining shareholder approval, based on the master fund’s Investment Advisory Agreement that was in place at the time of the collapse. Accordingly, the date of Investment Advisory Agreement and date it was last submitted to shareholders reflects the date of the previous master fund’s Investment Advisory Agreement and the date it was last submitted to shareholders. |
2 | Effective February 28, 2014, the Investment Advisory Agreement and Administration Agreement for each of these Funds were combined into an Investment Management Agreement that provides for an investment management fee payable to the Advisor for both investment advisory services and administrative services. The agreements were combined pursuant to SEC interpretive guidance, which allows an investment company’s board of directors/trustees to combine the terms of the investment company’s separate investment advisory and administration agreements into a single management agreement, subject to certain conditions, without obtaining shareholder approval. |
Funds with Similar Investment Mandates | Advisory/Management Fee Rates1 | Net Assets as of October 31, 2014 |
1. US All Cap Core Equity Funds | ||
Dimensional Funds | ||
U.S. Core Equity 1 Portfolio | 0.17% | $10,780,830,000 |
U.S. Core Equity 2 Portfolio | 0.20% | $12,919,176,000 |
U.S. Vector Equity Portfolio | 0.30% | $3,501,319,000 |
U.S. Social Core Equity 2 Portfolio | 0.25% | $510,366,000 |
U.S. Sustainability Core 1 Portfolio | 0.29% | $426,547,000 |
CSTG&E U.S. Social Core Equity 2 Portfolio | 0.27% | $91,842,000 |
Tax-Managed U.S. Equity Portfolio | 0.20%2 | $2,311,451,000 |
T.A. U.S. Core Equity 2 Portfolio | 0.22% | $5,056,211,000 |
Non-Dimensional Funds | ||
JNL Series Trust – JNL/DFA U.S. Core Equity Fund | $0 to $100 million – 0.17% Over $100 million – 0.12% | $657,226,000 |
SA Funds Investment Trust – SA U.S. Core Market Fund | 0.0462% | $692,340,000 |
2. US Growth Equity Funds | ||
Dimensional Funds | ||
U.S. Large Cap Growth Portfolio | 0.17%3 | $508,736,000 |
U.S. Small Cap Growth Portfolio | 0.35%3 | $181,619,000 |
3. US All Cap Value Equity Funds | ||
Dimensional Funds | ||
The Tax-Managed U.S. Marketwide Value Series (Master Fund) | 0.20% | $5,143,977,000 |
Tax-Managed U.S. Marketwide Value Portfolio (Feeder Fund) | 0.35%4 | $3,664,174,000 |
Tax-Managed U.S. Marketwide Value Portfolio II (Feeder Fund) | 0.20%4 | $1,480,557,000 |
4. US Large Cap Equity Funds | ||
Dimensional Funds | ||
U.S. Large Cap Equity Portfolio | 0.15%3 | $274,955,000 |
U.S. Large Company Portfolio | 0.06%2 | $5,668,374,000 |
Enhanced U.S. Large Company Portfolio | 0.20%2 | $216,719,000 |
5. US Large Cap Value Equity Funds | ||
Dimensional Funds | ||
The U.S. Large Cap Value Series (Master Fund) | 0.10% | $18,376,682,000 |
U.S. Large Cap Value Portfolio (Feeder Fund) | 0.25%4 | $15,146,981,000 |
U.S. Large Cap Value Portfolio II (Feeder Fund) | 0.11%4 | $174,103,000 |
U.S. Large Cap Value Portfolio III (Feeder Fund) | 0.11%4 | $2,992,619,000 |
LWAS/DFA U.S. High Book to Market Portfolio (Feeder Fund) | 0.11%4 | $68,214,000 |
Funds with Similar Investment Mandates | Advisory/Management Fee Rates1 | Net Assets as of October 31, 2014 |
VA U.S. Large Value Portfolio | 0.25% | $258,705,000 |
Non-Dimensional Fund | ||
SA Funds Investment Trust – SA U.S. Value Fund | 0.10% | $537,868,000 |
6. US SMID Cap Value Equity Funds | ||
Dimensional Funds | ||
U.S. Targeted Value Portfolio | 0.35%2 | $5,590,907,000 |
VA U.S. Targeted Value Portfolio | 0.35% | $206,769,000 |
Tax-Managed U.S. Targeted Value Portfolio | 0.42% | $3,572,307,000 |
Non-Dimensional Funds | ||
John Hancock Variable Insurance Trust – Small Cap Opportunities Trust | 0.40% | $142,826,000 |
John Hancock Funds II – Small Cap Opportunities Fund | 0.40% | $93,958,000 |
7. US Small Cap Equity Funds | ||
Dimensional Funds | ||
U.S. Small Cap Portfolio | 0.35%2 | $9,247,716,000 |
Tax-Managed U.S. Small Cap Portfolio | 0.50% | $2,092,558,000 |
Non-Dimensional Funds | ||
SA Funds Investment Trust – SA U.S. Small Company Fund | 0.35% | $390,989,000 |
8. US Small Cap Value Equity Funds | ||
Dimensional Fund | ||
U.S. Small Cap Value Portfolio | 0.50%2 | $11,512,306,000 |
Non-Dimensional Funds | ||
Nationwide Mutual Funds – Nationwide U.S. Small Cap Value Fund | 0.45% | $160,077,000 |
Principal Fund, Inc. – Principal Small Cap Value Fund II | 0.50% | $598,669,000 |
9. US Micro Cap Equity Funds | ||
Dimensional Fund | ||
U.S. Micro Cap Portfolio | 0.50%2 | $5,029,027,000 |
Non-Dimensional Fund | ||
Curian Variable Series Trust – Curian/DFA U.S. Micro Cap Fund | $0 to $100 million – 0.55% Over $100 million – 0.50% | $95,764,000 |
10. Developed ex US All Cap Core Equity Funds | ||
Dimensional Funds | ||
International Core Equity Portfolio | 0.35% | $12,294,542,000 |
International Vector Equity Portfolio | 0.45% | $1,305,553,000 |
International Sustainability Core 1 Portfolio | 0.42% | $327,847,000 |
International Social Core Equity Portfolio | 0.37%3 | $306,772,000 |
CSTG&E International Social Core Equity Portfolio | 0.42% | $100,169,000 |
Funds with Similar Investment Mandates | Advisory/Management Fee Rates1 | Net Assets as of October 31, 2014 |
11. Developed ex US Growth Equity Funds | ||
Dimensional Funds | ||
International Large Cap Growth Portfolio | 0.25%3 | $141,264,000 |
International Small Cap Growth Portfolio | 0.50%3 | $65,678,000 |
12. Developed ex US Large Cap Equity Funds | ||
Dimensional Fund | ||
Large Cap International Portfolio | 0.25% | $3,127,847,000 |
Non-Dimensional Fund | ||
Pacific Select Fund -PD International Large-Cap Portfolio | $0 to $100 million – 0.15% Over $100 million – 0.10% | $341,196,000 |
13. Developed ex US Large Cap Value Equity Funds | ||
Dimensional Funds | ||
DFA International Value ex Tobacco Portfolio | 0.45% | $71,494,000 |
The DFA International Value Series (Master Fund) | 0.20% | $9,343,666,000 |
DFA International Value Portfolio (Feeder Fund) | 0.40%4 | $7,002,414,000 |
DFA International Value Portfolio II (Feeder Fund) | 0.21%4 | $110,059,000 |
DFA International Value Portfolio III (Feeder Fund) | 0.21%4 | $1,836,655,000 |
DFA International Value Portfolio IV (Feeder Fund) | 0.23%4 | $257,641,000 |
LWAS/DFA International High Book to Market Portfolio (Feeder Fund) | 0.21%4 | $68,666,000 |
VA International Value Portfolio | 0.40% | $164,973,000 |
Non-Dimensional Fund | ||
Columbia Funds Variable Series Trust II/Variable Portfolio – DFA International Value Fund | 0.21% | $1,507,988,000 |
14. Developed ex US Small Cap Equity Funds | ||
Dimensional Funds | ||
VA International Small Portfolio | 0.50% | $135,499,000 |
The Japanese Small Company Series (Master Fund) | 0.10% | $2,505,409,000 |
Japanese Small Company Portfolio (Feeder Fund) | 0.50%4 | $508,190,000 |
The Asia Pacific Small Company Series (Master Fund) | 0.10% | $1,453,786,000 |
Asia Pacific Small Company Portfolio (Feeder Fund) | 0.50%4 | $364,117,000 |
The United Kingdom Small Company Series (Master Fund) | 0.10% | $1,995,898,000 |
United Kingdom Small Company Portfolio (Feeder Fund) | 0.50%3, 4 | $35,050,000 |
The Continental Small Company Series (Master Fund) | 0.10% | $3,152,277,000 |
Continental Small Company Portfolio (Feeder Fund) | 0.50%4 | $168,961,000 |
The Canadian Small Company Series (Master Fund) | 0.10% | $849,429,000 |
International Small Company Portfolio | 0.40%5 | $8,844,517,000 |
Funds with Similar Investment Mandates | Advisory/Management Fee Rates1 | Net Assets as of October 31, 2014 |
Non-Dimensional Funds | ||
SA Funds Investment Trust – SA International Small Company Fund (Feeder Fund of International Small Company Portfolio) | 0.00%6 | $ ________ |
John Hancock Funds II: International Small Company Fund | 0.50% | $568,160,000 |
John Hancock Variable Insurance Trust: International Small Company Trust | 0.50% | $108,662,000 |
Metropolitan Series Fund, Inc.: Met/Dimensional International Small Company Portfolio | 0.50% | $685,712,000 |
15. Developed ex Small Cap Value Equity Fund | ||
Dimensional Fund | ||
DFA International Small Cap Value Portfolio | 0.65% | $11,684,771,000 |
16. Emerging Markets All Cap Core Equity Funds | ||
Dimensional Funds | ||
Emerging Markets Social Core Equity Portfolio | 0.55% | $903,396,000 |
Emerging Markets Core Equity Portfolio | 0.55% | $15,727,547,000 |
Non-Dimensional Fund | ||
John Hancock Funds II: Emerging Markets Fund | 0.55% | $2,471,351,000 |
17. Emerging Markets Value Equity Funds | ||
Dimensional Funds | ||
Dimensional Emerging Markets Value Fund (Master Fund) | 0.10% | $18,927,517,000 |
Emerging Markets Value Portfolio (Feeder Fund) | 0.50%4 | $18,746,342,000 |
Non-Dimensional Funds | ||
SA Funds Investment Trust – SA Emerging Markets Value Fund | 0.50% | $163,794,000 |
John Hancock Variable Insurance Trust: Emerging Markets Value Trust | 0.55% | $887,742,000 |
18. Emerging Markets Large Cap Equity Funds | ||
Dimensional Funds | ||
The Emerging Markets Series (Master Fund) | 0.10% | $4,185,451,000 |
Emerging Markets Portfolio (Feeder Fund) | 0.50%4 | $4,073,698,000 |
Emerging Markets Portfolio II (Feeder Fund) | 0.25%4 | $104,987,000 |
Non-Dimensional Fund | ||
Pacific Select Funds: PD Emerging Markets Portfolio | $0 to $50 million – 0.50% Over $50 million – 0.25% | $114,445,000 |
19. Emerging Markets Small Cap Equity Funds | ||
Dimensional Funds | ||
The Emerging Markets Small Cap Series (Master Fund) | 0.20% | $4,921,438,000 |
Emerging Markets Small Cap Portfolio (Feeder Fund) | 0.65%4 | $4,860,603,000 |
20. Global Value Equity Funds | ||
Dimensional Funds | ||
World ex U.S. Value Portfolio | 0.47%3 | $113,951,000 |
World ex U.S. Targeted Value Portfolio | 0.58%3 | $151,096,000 |
Funds with Similar Investment Mandates | Advisory/Management Fee Rates1 | Net Assets as of October 31, 2014 |
21. Global All Cap/Large Cap Equity Funds | ||
Dimensional Funds | ||
World ex U.S. Core Equity Portfolio | 0.40%3 | $406,648,000 |
Selectively Hedged Global Equity Portfolio | 0.30%3 | $147,276,000 |
World Core Equity Portfolio | 0.30%3 | $75,707,000 |
Global Equity Portfolio | 0.30%5 | $10,109,000 |
Non-Dimensional Fund | ||
Voya Investors Trust: VY DFA World Equity Portfolio | $0 to $500 million – 0.05% Over $500 million – 0.02% | $190,410,000 |
22. Ultra Short Duration Fixed Income Funds | ||
Dimensional Funds | ||
DFA One-Year Fixed Income Portfolio | 0.15%2 | $8,455,559,000 |
VA Short-Term Fixed Portfolio | 0.25% | $189,716,000 |
23. Short Duration Fixed Income Funds | ||
Dimensional Funds | ||
LWAS/DFA Two-Year Government Portfolio | 0.15% | $145,231,000 |
LWAS/DFA Two-Year Fixed Income Portfolio | 0.15% | $98,961,000 |
DFA Short-Term Government Portfolio | 0.17% | $2,061,710,000 |
DFA Short-Term Extended Quality Portfolio3 | 0.20% | $3,822,894,000 |
DFA Short-Duration Real Return Portfolio | 0.20% | $632,077,000 |
DFA Selectively Hedged Global Fixed Income Portfolio | 0.15% | $1,099,647,000 |
DFA Short-Term Municipal Bond Portfolio | 0.20% | $2,206,915,000 |
DFA California Short-Term Municipal Bond Portfolio | 0.20% | $703,773,000 |
DFA Two-Year Global Fixed Income Portfolio | 0.15%2 | $6,188,952,000 |
24. Intermediate Duration and Longer Fixed Income Funds | ||
Dimensional Funds | ||
DFA Intermediate-Term Extended Quality Portfolio | 0.20% | $2,133,894,000 |
DFA Intermediate Government Fixed Income Portfolio | 0.10% | $4,021,616,000 |
DFA Intermediate-Term Municipal Bond Portfolio | 0.20% | $508,722,000 |
DFA California Intermediate-Term Municipal Bond Portfolio | 0.20% | $140,424,000 |
DFA Five-Year Global Fixed Income Portfolio | 0.25% | $9,818,116,000 |
VA Global Bond Portfolio | $0 to $100 million – 0.25% Over $100 million – 0.20% | $207,021,000 |
DFA World ex U.S. Government Fixed Income Portfolio | 0.18% | $355,241,000 |
DFA Inflation-Protected Securities Portfolio | 0.10% | $2,722,146,000 |
Dimensional Retirement Fixed Income Fund III | 0.30%3 | $ 995,000 |
Funds with Similar Investment Mandates | Advisory/Management Fee Rates1 | Net Assets as of October 31, 2014 |
DFA Municipal Real Return Portfolio | 0.20% | $____* (as of 12/31/14) |
Non-Dimensional Funds | ||
SA Funds Investment Trust – SA U.S. Fixed Income Fund | 0.10% | $591,098,000 |
SA Funds Investment Trust – SA Global Fixed Income Fund | 0.05% | $748,436,000 |
25. Real Estate Securities Funds | ||
Dimensional Funds | ||
DFA Real Estate Securities Portfolio | 0.17%3 | $6,607,759,000 |
DFA International Real Estate Securities Portfolio | 0.35% | $3,088,376,000 |
DFA Global Real Estate Securities Portfolio | 0.27%3 | $3,305,472,000 |
Non-Dimensional Fund | ||
SA Funds Investment Trust – SA Real Estate Securities Fund | 0.15% | $166,628,000 |
26. Global Balanced Funds | ||
Dimensional Funds | ||
Global Allocation 60/40 Portfolio | 0.25%5 | $3,259,000 |
Global Allocation 25/75 Portfolio | 0.20%5 | $ 183,000 |
DFA VA Global Moderate Allocation Portfolio | 0.25%3 | $64,997,000 |
1 | Unless otherwise noted, the rate provided relates to the fee payable to the Advisor for investment advisory services. |
2 | The rate provided relates to the fee payable to the Advisor for both investment advisory services and administrative services. |
3 | For the fiscal year ended October 31, 2014, the Advisor waived management fees. For more information, see Exhibit E-3. |
4 | The rate provided includes the investment management fee payable by the Feeder Fund’s Master Fund to the Advisor and the administrative fee payable by the Feeder Fund to the Advisor. |
5 | The Advisor is paid no fee for the services it provides as investment adviser to the Fund. The rate provided relates to the fee payable to the Advisor for administrative services. As a shareholder of the Underlying Funds, the Fund pays its proportionate share of the management fees paid to the Advisor by the Underlying Funds. |
6 | The feeder fund indirectly pays management fees through the master fund in which it invests. |
* | The DFA Municipal Real Return Portfolio commenced operations on November 4, 2014. |
DFAIDG | DIG |
Enhanced U.S. Large Company Portfolio U.S. Small Cap Value Portfolio U.S. Targeted Value Portfolio U.S. Small Cap Portfolio U.S. Micro Cap Portfolio DFA One-Year Fixed Income Portfolio DFA Two-Year Global Fixed Income Portfolio Tax-Managed U.S. Equity Portfolio Feeder Funds U.S. Large Cap Value Portfolio Japanese Small Company Portfolio Asia Pacific Small Company Portfolio United Kingdom Small Company Portfolio Continental Small Company Portfolio Emerging Markets Portfolio Emerging Markets Value Portfolio Emerging Markets Small Cap Portfolio Tax-Managed U.S. Marketwide Value Portfolio LWAS/DFA International High Book to Market Portfolio Funds of Funds International Small Company Portfolio | U.S. Large Company Portfolio Feeder Funds DFA International Value Portfolio LWAS/DFA U.S. High Book to Market Portfolio U.S. Large Cap Value Portfolio II DFA International Value Portfolio II DFA International Value Portfolio III U.S. Large Cap Value Portfolio III Tax-Managed U.S. Marketwide Value Portfolio II DFA International Value Portfolio IV Emerging Markets Portfolio II Funds of Funds Global Equity Portfolio Global Allocation 60/40 Portfolio Global Allocation 25/75 Portfolio |
DFAIDG | |
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. Value Portfolio World ex U.S. Targeted Value Portfolio World ex U.S. Core Equity Portfolio Selectively Hedged Global Equity Portfolio Emerging Markets Core Equity Portfolio DFA Selectively Hedged Global Fixed Income Portfolio DFA World ex U.S. Government Fixed Income Portfolio DFA Short-Term Extended Quality Portfolio DFA Intermediate-Term Extended Quality Portfolio | DFA Investment Grade Portfolio DFA Short-Duration Real Return Portfolio Tax-Managed DFA International Value Portfolio T.A. World ex U.S. Core Equity Portfolio International Sustainability Core 1 Portfolio DFA International Value ex Tobacco Portfolio International Social Core Equity Portfolio Emerging Markets Social Core Equity Portfolio CSTG&E International Social Core Equity Portfolio World Core Equity Portfolio Dimensional Retirement Fixed Income Fund III DFA Commodity Strategy Portfolio International Large Cap Growth Portfolio International Small Cap Growth Portfolio DFA Municipal Real Return Portfolio |
DFAITC | DEM |
The DFA International Value Series The Japanese Small Company Series The Asia Pacific Small Company Series The Emerging Markets Series The Emerging Markets Small Cap Series | Dimensional Emerging Markets Value Fund |
DFAIDG | |
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. Value Portfolio World ex U.S. Targeted Value Portfolio World ex U.S. Core Equity Portfolio Selectively Hedged Global Equity Portfolio Emerging Markets Core Equity Portfolio DFA Selectively Hedged Global Fixed Income Portfolio DFA World ex U.S. Government Fixed Income Portfolio DFA Short-Term Extended Quality Portfolio DFA Intermediate-Term Extended Quality Portfolio | DFA Investment Grade Portfolio DFA Short-Duration Real Return Portfolio Tax-Managed DFA International Value Portfolio T.A. World ex U.S. Core Equity Portfolio International Sustainability Core 1 Portfolio DFA International Value ex Tobacco Portfolio International Social Core Equity Portfolio Emerging Markets Social Core Equity Portfolio CSTG&E International Social Core Equity Portfolio World Core Equity Portfolio Dimensional Retirement Fixed Income Fund III DFA Commodity Strategy Portfolio International Large Cap Growth Portfolio International Small Cap Growth Portfolio DFA Municipal Real Return Portfolio |
DFAITC | DEM |
The DFA International Value Series The United Kingdom Small Company Series The Continental Small Company Series The Emerging Markets Series The Emerging Markets Small Cap Series | Dimensional Emerging Markets Value Fund |
DFAIDG | |
Enhanced U.S. Large Company Portfolio U.S. Large Cap Equity Portfolio U.S. Large Cap Value Portfolio U.S. Small Cap Value Portfolio U.S. Targeted Value Portfolio U.S. Core Equity 1 Portfolio U.S. Core Equity 2 Portfolio U.S. Vector Equity Portfolio U.S. Small Cap Portfolio U.S. Micro Cap Portfolio DFA Real Estate Securities Portfolio International Small Company Portfolio Japanese Small Company Portfolio Asia Pacific Small Company Portfolio United Kingdom Small Company Portfolio Continental Small Company Portfolio DFA Global Real Estate Securities Portfolio Emerging Markets Portfolio Emerging Markets Value Portfolio Emerging Markets Small Cap Portfolio DFA One-Year Fixed Income Portfolio DFA Two-Year Global Fixed Income Portfolio DFA Short-Term Government Portfolio DFA Intermediate Government Fixed Income Portfolio | DFA Investment Grade Portfolio DFA Inflation-Protected Securities Portfolio DFA Short-Term Municipal Bond Portfolio DFA Intermediate-Term Municipal Bond Portfolio DFA California Short-Term Municipal Bond Portfolio DFA California Intermediate-Term Municipal Bond Portfolio DFA Municipal Real Return Portfolio Tax-Managed U.S. Marketwide Value Portfolio Tax-Managed U.S. Targeted Value Portfolio Tax-Managed U.S. Equity Portfolio Tax-Managed U.S. Small Cap Portfolio T.A. U.S. Core Equity 2 Portfolio LWAS/DFA International High Book to Market Portfolio U.S. Social Core Equity 2 Portfolio U.S. Sustainability Core 1 Portfolio CSTG&E U.S. Social Core Equity 2 Portfolio World Core Equity Portfolio U.S. Large Cap Growth Portfolio U.S. Small Cap Growth Portfolio |
DIG | DFAITC |
U.S. Large Company Portfolio DFA International Value Portfolio LWAS/DFA U.S. High Book to Market Portfolio LWAS/DFA Two-Year Fixed Income Portfolio LWAS/DFA Two-Year Government Portfolio Global Equity Portfolio Global Allocation 60/40 Portfolio Global Allocation 25/75 Portfolio U.S. Large Cap Value Portfolio II U.S. Large Cap Value Portfolio III DFA International Value Portfolio II DFA International Value Portfolio III DFA International Value Portfolio IV Tax-Managed U.S. Marketwide Value Portfolio II Emerging Markets Portfolio II | The U.S. Large Cap Value Series The Tax-Managed U.S. Marketwide Value Series |
DFAIDG | |
Enhanced U.S. Large Company Portfolio Large Cap International Portfolio International Core Equity Portfolio DFA International Real Estate Securities Portfolio DFA International Small Cap Value Portfolio International Vector Equity Portfolio World ex U.S. Value Portfolio World ex U.S. Targeted Value Portfolio World ex U.S. Core Equity Portfolio Selectively Hedged Global Equity Portfolio Emerging Markets Core Equity Portfolio DFA Two-Year Global Fixed Income Portfolio DFA Selectively Hedged Global Fixed Income Portfolio DFA Five-Year Global Fixed Income Portfolio DFA World ex U.S. Government Fixed Income Portfolio | DFA Short-Term Extended Quality Portfolio DFA Intermediate-Term Extended Quality Portfolio DFA Short-Duration Real Return Portfolio Tax-Managed DFA International Value Portfolio T.A. World ex U.S. Core Equity Portfolio International Sustainability Core 1 Portfolio DFA International Value ex Tobacco Portfolio International Social Core Equity Portfolio Emerging Markets Social Core Equity Portfolio CSTG&E International Social Core Equity Portfolio Dimensional Retirement Fixed Income Fund III DFA Commodity Strategy Portfolio International Large Cap Growth Portfolio International Small Cap Growth Portfolio |
DFAITC | DEM |
The DFA International Value Series The Japanese Small Company Series The Asia Pacific Small Company Series The United Kingdom Small Company Series The Continental Small Company Series The Canadian Small Company Series The Emerging Markets Series The Emerging Markets Small Cap Series The DFA Short Term Investment Fund | Dimensional Emerging Markets Value Fund |
Name of Fund | Number of Outstanding Shares |
DFA Investment Dimensions Group Inc. | |
Enhanced U.S. Large Company Portfolio | |
U.S. Large Cap Equity Portfolio | |
U.S. Large Cap Value Portfolio | |
Institutional Class | |
U.S. Small Cap Value Portfolio | |
U.S. Targeted Value Portfolio | |
Institutional Class | |
Class R1 | |
Class R2 | |
U.S. Core Equity 1 Portfolio | |
Institutional Class | |
U.S. Core Equity 2 Portfolio | |
U.S. Vector Equity Portfolio | |
U.S. Small Cap Portfolio | |
U.S. Micro Cap Portfolio | |
DFA Real Estate Securities Portfolio | |
Large Cap International Portfolio | |
International Core Equity Portfolio | |
Institutional Class | |
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 | |
Institutional Class | |
International Vector Equity Portfolio | |
World ex U.S. Value Portfolio | |
World ex U.S. Targeted Value Portfolio | |
World ex U.S. Core Equity Portfolio | |
Selectively Hedged Global Equity Portfolio | |
Emerging Markets Portfolio | |
Emerging Markets Value Portfolio | |
Institutional Class |
Name of Fund | Number of Outstanding Shares |
Class R2 | |
Emerging Markets Small Cap Portfolio | |
Emerging Markets Core Equity Portfolio | |
Institutional Class | |
DFA One-Year Fixed Income Portfolio | |
DFA Two-Year Global Fixed Income Portfolio | |
DFA Selectively Hedged Global Fixed Income Portfolio | |
DFA Five-Year Global Fixed Income Portfolio | |
DFA World ex U.S. Government Fixed Income Portfolio | |
DFA Short-Term Government Portfolio | |
DFA Intermediate Government Fixed Income Portfolio | |
DFA Short-Term Extended Quality Portfolio | |
DFA Intermediate-Term Extended Quality Portfolio | |
DFA Investment Grade Portfolio | |
DFA Inflation-Protected Securities Portfolio | |
Institutional Class | |
DFA Short-Duration Real Return Portfolio | |
DFA Short-Term Municipal Bond Portfolio | |
DFA Intermediate-Term Municipal Bond Portfolio | |
DFA California Short-Term Municipal Bond Portfolio | |
DFA California Intermediate-Term Municipal Bond Portfolio | |
DFA Municipal Real Return Portfolio | |
Tax-Managed U.S. Marketwide Value Portfolio | |
Tax-Managed U.S. Targeted Value Portfolio | |
Tax-Managed U.S. Equity Portfolio | |
Tax-Managed U.S. Small Cap Portfolio | |
T.A. U.S. Core Equity 2 Portfolio | |
Tax-Managed DFA International Value Portfolio | |
T.A. World ex U.S. Core Equity Portfolio | |
LWAS/DFA International High Book to Market Portfolio | |
U.S. Social Core Equity 2 Portfolio | |
U.S. Sustainability Core 1 Portfolio | |
Institutional Class | |
International Sustainability Core 1 Portfolio | |
Institutional Class | |
DFA International Value ex Tobacco Portfolio | |
International Social Core Equity Portfolio | |
Emerging Markets Social Core Equity Portfolio | |
CSTG&E U.S. Social Core Equity 2 Portfolio |
Name of Fund | Number of Outstanding Shares |
CSTG&E International Social Core Equity Portfolio | |
DFA Commodity Strategy Portfolio | |
U.S. Large Cap Growth Portfolio | |
U.S. Small Cap Growth Portfolio | |
International Large Cap Growth Portfolio | |
International Small Cap Growth Portfolio | |
World Core Equity Portfolio | |
Institutional Class | |
Dimensional Retirement Fixed Income Fund III | |
Institutional Class | |
Dimensional Investment Group Inc. | |
U.S. Large Company Portfolio | |
DFA International Value Portfolio | |
Institutional Class | |
Class R2 | |
LWAS/DFA U.S. High Book to Market Portfolio | |
LWAS/DFA Two-Year Fixed Income Portfolio | |
LWAS/DFA Two-Year Government Portfolio | |
Global Equity Portfolio | |
Institutional Class | |
Class R2 | |
Global Allocation 60/40 Portfolio | |
Institutional Class | |
Class R2 | |
Global Allocation 25/75 Portfolio | |
Institutional Class | |
Class R2 | |
U.S. Large Cap Value Portfolio II | |
U.S. Large Cap Value Portfolio III | |
DFA International Value Portfolio II | |
DFA International Value Portfolio III | |
DFA International Value Portfolio IV | |
Tax-Managed U.S. Marketwide Value Portfolio II | |
Emerging Markets Portfolio II | |
The DFA Investment Trust Company | |
The U.S. Large Cap Value Series | |
The Tax-Managed U.S. Marketwide Value Series | |
The DFA International Value Series | |
The Japanese Small Company Series |
Name of Fund | Number of Outstanding Shares |
The Asia Pacific Small Company Series | |
The United Kingdom Small Company Series | |
The Continental Small Company Series | |
The Canadian Small Company Series | |
The Emerging Markets Series | |
The Emerging Markets Small Cap Series | |
The DFA Short Term Investment Fund | |
Dimensional Emerging Markets Value Fund | |
Dimensional Emerging Markets Value Fund |
Name of Fund | Name and Address of Account | Share Amount | Percentage of Class (%) |
DFA Investment Dimensions Group Inc. | |||
Enhanced U.S. Large Company Portfolio | [ ] | [ ] | [ ]% |
U.S. Large Cap Equity Portfolio | [ ] | [ ] | [ ]% |
U.S. Large Cap Value Portfolio | |||
Institutional Class | [ ] | [ ] | [ ]% |
U.S. Small Cap Value Portfolio | [ ] | [ ] | [ ]% |
U.S. Targeted Value Portfolio | |||
Institutional Class | [ ] | [ ] | [ ]% |
Class R1 | [ ] | [ ] | [ ]% |
Class R2 | [ ] | [ ] | [ ]% |
U.S. Core Equity 1 Portfolio | |||
Institutional Class | [ ] | [ ] | [ ]% |
U.S. Core Equity 2 Portfolio | [ ] | [ ] | [ ]% |
U.S. Vector Equity Portfolio | [ ] | [ ] | [ ]% |
U.S. Small Cap Portfolio | [ ] | [ ] | [ ]% |
U.S. Micro Cap Portfolio | [ ] | [ ] | [ ]% |
DFA Real Estate Securities Portfolio | [ ] | [ ] | [ ]% |
Large Cap International Portfolio | [ ] | [ ] | [ ]% |
International Core Equity Portfolio | |||
Institutional Class | [ ] | [ ] | [ ]% |
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 | |||
Institutional Class | [ ] | [ ] | [ ]% |
International Vector Equity Portfolio | [ ] | [ ] | [ ]% |
World ex U.S. Value Portfolio | [ ] | [ ] | [ ]% |
World ex U.S. Targeted Value Portfolio | [ ] | [ ] | [ ]% |
World ex U.S. Core Equity Portfolio | [ ] | [ ] | [ ]% |
Selectively Hedged Global Equity Portfolio | [ ] | [ ] | [ ]% |
Emerging Markets Portfolio | [ ] | [ ] | [ ]% |
Emerging Markets Value Portfolio |
Name of Fund | Name and Address of Account | Share Amount | Percentage of Class (%) |
Institutional Class | [ ] | [ ] | [ ]% |
Class R2 | [ ] | [ ] | [ ]% |
Emerging Markets Small Cap Portfolio | [ ] | [ ] | [ ]% |
Emerging Markets Core Equity Portfolio | |||
Institutional Class | [ ] | [ ] | [ ]% |
DFA One-Year Fixed Income Portfolio | [ ] | [ ] | [ ]% |
DFA Two-Year Global Fixed Income Portfolio | [ ] | [ ] | [ ]% |
DFA Selectively Hedged Global Fixed Income Portfolio | [ ] | [ ] | [ ]% |
DFA Five-Year Global Fixed Income Portfolio | [ ] | [ ] | [ ]% |
DFA World ex U.S. Government Fixed Income Portfolio | [ ] | [ ] | [ ]% |
DFA Short-Term Government Portfolio | [ ] | [ ] | [ ]% |
DFA Intermediate Government Fixed Income Portfolio | [ ] | [ ] | [ ]% |
DFA Short-Term Extended Quality Portfolio | [ ] | [ ] | [ ]% |
DFA Intermediate-Term Extended Quality Portfolio | [ ] | [ ] | [ ]% |
DFA Investment Grade Portfolio | [ ] | [ ] | [ ]% |
DFA Inflation-Protected Securities Portfolio | |||
Institutional Class | [ ] | [ ] | [ ]% |
DFA Short-Duration Real Return Portfolio | [ ] | [ ] | [ ]% |
DFA Short-Term Municipal Bond Portfolio | [ ] | [ ] | [ ]% |
DFA Intermediate-Term Municipal Bond Portfolio | [ ] | [ ] | [ ]% |
DFA California Short-Term Municipal Bond Portfolio | [ ] | [ ] | [ ]% |
DFA California Intermediate-Term Municipal Bond Portfolio | [ ] | [ ] | [ ]% |
DFA Municipal Real Return Portfolio | [ ] | [ ] | [ ]% |
Tax-Managed U.S. Marketwide Value Portfolio | [ ] | [ ] | [ ]% |
Tax-Managed U.S. Targeted Value Portfolio | [ ] | [ ] | [ ]% |
Tax-Managed U.S. Equity Portfolio | [ ] | [ ] | [ ]% |
Tax-Managed U.S. Small Cap Portfolio | [ ] | [ ] | [ ]% |
T.A. U.S. Core Equity 2 Portfolio | [ ] | [ ] | [ ]% |
Tax-Managed DFA International Value Portfolio | [ ] | [ ] | [ ]% |
T.A. World ex U.S. Core Equity Portfolio | [ ] | [ ] | [ ]% |
LWAS/DFA International High Book to Market Portfolio | [ ] | [ ] | [ ]% |
U.S. Social Core Equity 2 Portfolio | [ ] | [ ] | [ ]% |
U.S. Sustainability Core 1 Portfolio | |||
Institutional Class | [ ] | [ ] | [ ]% |
International Sustainability Core 1 Portfolio | |||
Institutional Class | [ ] | [ ] | [ ]% |
DFA International Value ex Tobacco Portfolio | [ ] | [ ] | [ ]% |
International Social Core Equity Portfolio | [ ] | [ ] | [ ]% |
Name of Fund | Name and Address of Account | Share Amount | Percentage of Class (%) |
Emerging Markets Social Core Equity Portfolio | [ ] | [ ] | [ ]% |
CSTG&E U.S. Social Core Equity 2 Portfolio | [ ] | [ ] | [ ]% |
CSTG&E International Social Core Equity Portfolio | [ ] | [ ] | [ ]% |
DFA Commodity Strategy Portfolio | [ ] | [ ] | [ ]% |
U.S. Large Cap Growth Portfolio | [ ] | [ ] | [ ]% |
U.S. Small Cap Growth Portfolio | [ ] | [ ] | [ ]% |
International Large Cap Growth Portfolio | [ ] | [ ] | [ ]% |
International Small Cap Growth Portfolio | [ ] | [ ] | [ ]% |
World Core Equity Portfolio | |||
Institutional Class | [ ] | [ ] | [ ]% |
Dimensional Retirement Fixed Income Fund III | |||
Institutional Class | [ ] | [ ] | [ ]% |
Dimensional Investment Group Inc. | |||
U.S. Large Company Portfolio | [ ] | [ ] | [ ]% |
DFA International Value Portfolio | |||
Institutional Class | [ ] | [ ] | [ ]% |
Class R2 | [ ] | [ ] | [ ]% |
LWAS/DFA U.S. High Book to Market Portfolio | [ ] | [ ] | [ ]% |
LWAS/DFA Two-Year Fixed Income Portfolio | [ ] | [ ] | [ ]% |
LWAS/DFA Two-Year Government Portfolio | [ ] | [ ] | [ ]% |
Global Equity Portfolio | |||
Institutional Class | [ ] | [ ] | [ ]% |
Class R2 | [ ] | [ ] | [ ]% |
Global Allocation 60/40 Portfolio | |||
Institutional Class | [ ] | [ ] | [ ]% |
Class R2 | [ ] | [ ] | [ ]% |
Global Allocation 25/75 Portfolio | |||
Institutional Class | [ ] | [ ] | [ ]% |
Class R2 | [ ] | [ ] | [ ]% |
U.S. Large Cap Value Portfolio II | [ ] | [ ] | [ ]% |
U.S. Large Cap Value Portfolio III | [ ] | [ ] | [ ]% |
DFA International Value Portfolio II | [ ] | [ ] | [ ]% |
DFA International Value Portfolio III | [ ] | [ ] | [ ]% |
DFA International Value Portfolio IV | [ ] | [ ] | [ ]% |
Tax-Managed U.S. Marketwide Value Portfolio II | [ ] | [ ] | [ ]% |
Emerging Markets Portfolio II | [ ] | [ ] | [ ]% |
The DFA Investment Trust Company | |||
The U.S. Large Cap Value Series | [ ] | [ ] | [ ]% |
The Tax-Managed U.S. Marketwide Value Series | [ ] | [ ] | [ ]% |
Name of Fund | Name and Address of Account | Share Amount | Percentage of Class (%) |
The DFA International Value Series | [ ] | [ ] | [ ]% |
The Japanese Small Company Series | [ ] | [ ] | [ ]% |
The Asia Pacific Small Company Series | [ ] | [ ] | [ ]% |
The United Kingdom Small Company Series | [ ] | [ ] | [ ]% |
The Continental Small Company Series | [ ] | [ ] | [ ]% |
The Canadian Small Company Series | [ ] | [ ] | [ ]% |
The Emerging Markets Series | [ ] | [ ] | [ ]% |
The Emerging Markets Small Cap Series | [ ] | [ ] | [ ]% |
The DFA Short Term Investment Fund | [ ] | [ ] | [ ]% |
Dimensional Emerging Markets Value Fund | |||
Dimensional Emerging Markets Value Fund | [ ] | [ ] | [ ]% |
[ADDRESS LINE 1] | ||
Signature | Date | |
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Signature (if held jointly) | Date | |
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Title if a corporation, partnership, or other entity | ||
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Note: Please sign this proxy exactly as your name or names appear on the account (as appears to the left). Each joint tenant should sign. When signing as attorney, executor, administrator, trustee, or guardian, please provide full title as such. If a corporation, please sign in full corporate name by an authorized officer, and if a partnership, please sign in full partnership name by authorized person. |
To vote by Telephone: |
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| Read the Proxy Statement and have your Proxy Card at hand. |
| Control Number: |
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| Call toll-free [ ] and enter the control number that appears in the box to the right. |
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To vote by Internet: |
| Check Digit: | |||
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| Read the Proxy Statement and have your Proxy Card at hand. |
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| Log on to [ ] and enter the control number and check digit that appears in the box to the right. |
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To vote by Mail: |
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| Read the Proxy Statement. |
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| Vote on the reverse side, sign and date where indicated above, and return the Proxy Card in the postage-paid envelope provided
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TAGID: “TAG ID” | CUSIP: “CUSIP” |
PROXY CARD
1. | To elect eight Directors/Trustees | For All | Withhold All | For All, Except | |
(01) David G. Booth; (02) George M. Constantinides; (03) John P. Gould; (04) Roger G. Ibbotson; (05) Edward P. Lazear; (06) Myron S. Scholes; (07) Eduardo A. Repetto; and (08) Abbie J. Smith | ☐ | ☐ | ☐ | ||
TO WITHHOLD AUTHORITY TO VOTE FOR ANY INDIVIDUAL NOMINEE(S), MARK “FOR ALL, EXCEPT” AND WRITE THE NUMBER(S) OF THE NOMINEE(S) ON THE LINE BELOW. | |||||
2. | To approve the use of a “manager of managers” structure | For | Against | Abstain | |
☐ | ☐ | ☐ | |||
3. | To approve new Investment Sub-Advisory Agreements as follows: | For | Against | Abstain | |
3(a) | To approve a new Investment Sub-Advisory Agreement among Dimensional Fund Advisors LP, DFA Australia Limited and the Company | ☐ | ☐ | ☐ | |
3(b) | To approve a new Investment Sub-Advisory Agreement among Dimensional Fund Advisors LP, Dimensional Fund Advisors Ltd. and the Company | ☐ | ☐ | ☐ | |
4. | To approve a new Investment Management Agreement between Dimensional Fund Advisors LP and the Company | For | Against | Abstain | |
☐ | ☐ | ☐ | |||
5. | To approve an amendment to the Fund’s fundamental investment limitation regarding investments in commodities | For | Against | Abstain | |
☐ | ☐ | ☐ | |||
6. | To approve an amendment to the Fund’s fundamental investment limitation regarding industry concentration | For | Against | Abstain | |
☐ | ☐ | ☐ |
7. | To provide voting instructions on the Proposal to elect eight Trustees for the Master Fund’s Company | For All | Withhold All | For All, Except | |
(01) David G. Booth; (02) George M. Constantinides; (03) John P. Gould; (04) Roger G. Ibbotson; (05) Edward P. Lazear; (06) Myron S. Scholes; (07) Eduardo A. Repetto; and (08) Abbie J. Smith | ☐ | ☐ | ☐ | ||
TO WITHHOLD AUTHORITY TO VOTE FOR ANY INDIVIDUAL NOMINEE(S), MARK “FOR ALL, EXCEPT” AND WRITE THE NUMBER(S) OF THE NOMINEE(S) ON THE LINE BELOW. | |||||
8. | To provide voting instructions on the Proposal to approve the use of a “manager of managers” structure for the Master Fund | For | Against | Abstain | |
☐ | ☐ | ☐ | |||
9. | To provide voting instructions on the Proposal to approve an updated Investment Management Agreement between Dimensional Fund Advisors LP and the Master Fund’s Company | For | Against | Abstain | |
☐ | ☐ | ☐ | |||
10. | To provide voting instructions on the Proposal to approve an amendment to the Master Fund’s fundamental investment limitation regarding investments in commodities | For | Against | Abstain | |
☐ | ☐ | ☐ |
“Scanner Bar Code” | ||
TAG ID: | CUSIP: |