DFA Investment Trust Co.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-7436

THE DFA INVESTMENT TRUST COMPANY

(Exact name of registrant as specified in charter)

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

(Address of principal executive offices) (Zip code)

Catherine L. Newell, Esquire, President and General Counsel

The DFA Investment Trust Company,

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

(Name and address of agent for service)

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

Date of fiscal year end: October 31

Date of reporting period: November 1, 2019 – April 30, 2020

ITEM 1.

REPORTS TO STOCKHOLDERS.

LOGO

Semi-Annual Report

Six Months Ended: April 30, 2020 (Unaudited)

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



DFA Investment Dimensions Group Inc.

Enhanced U.S. Large Company Portfolio	U.S. Core Equity 1 Portfolio	U.S. Micro Cap Portfolio

U.S. Large Cap Equity Portfolio	U.S. Core Equity 2 Portfolio	U.S. High Relative Profitability Portfolio

U.S. Large Cap Value Portfolio	U.S. Vector Equity Portfolio	DFA Real Estate Securities Portfolio

U.S. Targeted Value Portfolio	U.S. Small Cap Portfolio	DFA Commodity Strategy Portfolio

U.S. Small Cap Value Portfolio

Dimensional Investment Group Inc.

U.S. Large Company Portfolio

The DFA Investment Trust Company

The U.S. Large Cap Value Series

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

Important information about access to shareholder reports

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

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

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

[THIS PAGE INTENTIONALLY LEFT BLANK]

LOGO

June 8, 2020

Dear Fellow Shareholder,

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

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

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

Sincerely,



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

[THIS PAGE INTENTIONALLY LEFT BLANK]

SEMI-ANNUAL REPORT

(Unaudited)

Table of Contents


	Page
Letter to Shareholders
Definitions of Abbreviations and Footnotes		1
DFA Investment Dimensions Group Inc.
Disclosure of Fund Expenses		3
Disclosure of Portfolio Holdings		6
Schedules of Investments/Summary Schedules of Portfolio Holdings
Enhanced U.S. Large Company Portfolio		8
U.S. Large Cap Equity Portfolio		14
U.S. Large Cap Value Portfolio		17
U.S. Targeted Value Portfolio		18
U.S. Small Cap Value Portfolio		21
U.S. Core Equity 1 Portfolio		24
U.S. Core Equity 2 Portfolio		28
U.S. Vector Equity Portfolio		32
U.S. Small Cap Portfolio		35
U.S. Micro Cap Portfolio		39
U.S. High Relative Profitability Portfolio		43
DFA Real Estate Securities Portfolio		46
Statements of Assets and Liabilities		48
Statements of Operations		51
Statements of Changes in Net Assets		54
Financial Highlights		58
Notes to Financial Statements		67
Section 19(a) Notice		89
DFA Investment Dimensions Group Inc.
Consolidated Disclosure of Fund Expenses		90
Consolidated Disclosure of Portfolio Holdings		92
Consolidated Schedule of Investments
DFA Commodity Strategy Portfolio		93
Consolidated Statement of Assets and Liabilities		104
Consolidated Statement of Operations		105
Consolidated Statements of Changes in Net Assets		106
Consolidated Financial Highlights		107
Consolidated Notes to Financial Statements		108
Dimensional Investment Group Inc.
Disclosure of Fund Expenses		122
Disclosure of Portfolio Holdings		123
Summary Schedule of Portfolio Holdings
U.S. Large Company Portfolio		124
Statement of Assets and Liabilities		127
Statement of Operations		128
Statements of Changes in Net Assets		129
Financial Highlights		130
Notes to Financial Statements		131
Section 19(a) Notice		140
The DFA Investment Trust Company
Disclosure of Fund Expenses		141
Disclosure of Portfolio Holdings		142
Summary Schedule of Portfolio Holdings
The U.S. Large Cap Value Series		143
Statement of Assets and Liabilities		146

TABLE OF CONTENTS

CONTINUED


	Page
Statement of Operations		147
Statements of Changes in Net Assets		148
Financial Highlights		149
Notes to Financial Statements		150
Voting Proxies on Fund Portfolio Securities		159
Statement Regarding Liquidity Risk Management Program		160
Board Approval of Investment Management Agreements		161

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

DFA INVESTMENT DIMENSIONS GROUP INC.

DIMENSIONAL INVESTMENT GROUP INC.

THE DFA INVESTMENT TRUST COMPANY

DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES


Schedules of Investments/Summary Schedules of Portfolio Holdings

Investment Abbreviations

P.L.C.		Public Limited Company
SA		Special Assessment
CAD		Canadian Dollars
EUR		Euro
GBP		British Pounds
NOK		Norwegian Krone
SEK		Swedish Krona
USD		United States Dollar

Investment Footnotes


^		Denominated in USD, unless otherwise noted.
†		See Note B to Financial Statements.
(r)		The adjustable rate shown is effective as of April 30, 2020.
#		Total or Partial Securities on Loan.
W		Rule 144A, Section 4(2), or other security that is restricted as to resale to institutional investors. This security has been deemed liquid based upon the Fund’s Liquidity Guidelines. The liquidity determination is unaudited.
@		Security purchased with cash collateral received from Securities on Loan.
§		Affiliated Fund.
‡		Calculated as a percentage of total net assets. Percentages shown parenthetically next to the category headings have been calculated as a percentage of total investments. “Other Securities” are those securities that are not among the top 50 holdings in unaffiliated issuers of the Fund or do not represent more than 1.0% of the net assets of the Fund. Some of the individual securities within this category may include Total or Partial Securities on Loan and/or Non-Income Producing Securities.
*		Non-Income Producing Securities.
~		Security pledged as collateral for Swap Agreements.
«		Security pledged as collateral for Futures Contracts.

DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES

CONTINUED

Financial Highlights


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


All Statements, Schedules and Notes to Financial Statements

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

DFA INVESTMENT DIMENSIONS GROUP INC.

DISCLOSURE OF FUND EXPENSES

(Unaudited)

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

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

Actual Fund Return

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

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

Hypothetical Example for Comparison Purposes

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

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

Six Months Ended April 30, 2020

EXPENSE TABLES


	Beginning		Ending					Expenses
	Account		Account		Annualized			Paid
	Value		Value		Expense			During
	11/01/19		04/30/20		Ratio (1)			Period (1)
Enhanced U.S. Large Company Portfolio
Actual Fund Return	$	1,000.00	$	956.10		0.15	%	$	0.73
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.12		0.15	%	$	0.75
U.S. Large Cap Equity Portfolio
Actual Fund Return	$	1,000.00	$	950.80		0.18	%	$	0.87
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.97		0.18	%	$	0.91

DISCLOSURE OF FUND EXPENSES

CONTINUED


	Beginning		Ending					Expenses
	Account		Account		Annualized			Paid
	Value		Value		Expense			During
	11/01/19		04/30/20		Ratio (1)			Period (1)
U.S. Large Cap Value Portfolio (2)
Actual Fund Return	$	1,000.00	$	827.00		0.27	%	$	1.23
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.52		0.27	%	$	1.36
U.S. Targeted Value Portfolio
Actual Fund Return
Class R1 Shares	$	1,000.00	$	752.90		0.47	%	$	2.05
Class R2 Shares	$	1,000.00	$	752.50		0.62	%	$	2.70
Institutional Class Shares	$	1,000.00	$	753.10		0.37	%	$	1.61
Hypothetical 5% Annual Return
Class R1 Shares	$	1,000.00	$	1,022.53		0.47	%	$	2.36
Class R2 Shares	$	1,000.00	$	1,021.78		0.62	%	$	3.12
Institutional Class Shares	$	1,000.00	$	1,023.02		0.37	%	$	1.86
U.S. Small Cap Value Portfolio
Actual Fund Return	$	1,000.00	$	757.10		0.52	%	$	2.27
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.28		0.52	%	$	2.61
U.S. Core Equity 1 Portfolio
Actual Fund Return	$	1,000.00	$	919.20		0.19	%	$	0.91
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.92		0.19	%	$	0.96
U.S. Core Equity 2 Portfolio
Actual Fund Return	$	1,000.00	$	906.50		0.22	%	$	1.04
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.77		0.22	%	$	1.11
U.S. Vector Equity Portfolio
Actual Fund Return	$	1,000.00	$	824.20		0.32	%	$	1.45
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.27		0.32	%	$	1.61
U.S. Small Cap Portfolio
Actual Fund Return	$	1,000.00	$	815.30		0.37	%	$	1.67
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.02		0.37	%	$	1.86
U.S. Micro Cap Portfolio
Actual Fund Return	$	1,000.00	$	789.10		0.52	%	$	2.31
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.28		0.52	%	$	2.61
U.S. High Relative Profitability Portfolio
Actual Fund Return	$	1,000.00	$	984.30		0.25	%	$	1.23
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.62		0.25	%	$	1.26

DISCLOSURE OF FUND EXPENSES

CONTINUED


	Beginning		Ending					Expenses
	Account		Account		Annualized			Paid
	Value		Value		Expense			During
	11/01/19		04/30/20		Ratio (1)			Period (1)
DFA Real Estate Securities Portfolio
Actual Fund Return	$	1,000.00	$	827.90		0.18	%	$	0.82
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.97		0.18	%	$	0.91

(1)

Expenses are equal to the fund’s annualized expense ratio for the six-month period, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period (182), then divided by the number of days in the year (366) to reflect the six-month period.

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

DFA INVESTMENT DIMENSIONS GROUP INC.

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

The SEC requires that all funds file a complete Schedule of Investments with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. For DFA Investment Dimensions Group Inc., this would be for the fiscal quarters ending January 31 and July 31. Such Form N-PORT filing must be made within 60 days of the end of the quarter. DFA Investment Dimensions Group Inc. filed its most recent Form N-PORT with the SEC on March 31, 2020. They are available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

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

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

PORTFOLIO HOLDINGS

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

The categories of industry classification for the Affiliated Investment Companies are represented in their Disclosures of Portfolio Holdings, which are included elsewhere in the report. Refer to the Schedule of Investments/Summary Schedule of Portfolio Holdings for each of the underlying Affiliated Investment Company’s holdings, which reflect the investments by category or country.

FEEDER FUND


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

ENHANCED DOMESTIC EQUITY PORTFOLIO

Enhanced U.S. Large Company Portfolio


Corporate	34.8	%
Government	27.6	%
Foreign Corporate	27.5	%
Foreign Government	9.5	%
Supranational	0.6	%

	100.0	%

DOMESTIC EQUITY PORTFOLIOS


U.S. Large Cap Equity Portfolio
Communication Services	11.3	%
Consumer Discretionary	11.0	%
Consumer Staples	7.2	%
Energy	2.7	%
Financials	10.7	%
Health Care	15.6	%
Industrials	10.0	%
Information Technology	25.3	%
Materials	3.5	%
Real Estate	0.2	%
Utilities	2.5	%

	100.0	%


U.S. Core Equity 1 Portfolio
Communication Services	8.6	%
Consumer Discretionary	12.3	%
Consumer Staples	6.7	%
Energy	3.4	%
Financials	13.0	%
Health Care	13.5	%
Industrials	11.4	%
Information Technology	24.3	%
Materials	3.7	%
Real Estate	0.2	%
Utilities	2.9	%

	100.0	%


U.S. Small Cap Portfolio
Communication Services	3.3	%
Consumer Discretionary	13.6	%
Consumer Staples	4.7	%
Energy	2.9	%
Financials	19.4	%
Health Care	11.1	%
Industrials	19.7	%
Information Technology	15.9	%
Materials	5.0	%
Real Estate	0.5	%
Utilities	3.9	%

	100.0	%


U.S. Targeted Value Portfolio
Communication Services	3.0	%
Consumer Discretionary	13.9	%
Consumer Staples	4.7	%
Energy	6.8	%
Financials	26.0	%
Health Care	5.3	%
Industrials	20.3	%
Information Technology	11.8	%
Materials	7.7	%
Real Estate	0.3	%
Utilities	0.2	%

	100.0	%


U.S. Core Equity 2 Portfolio
Communication Services	7.6	%
Consumer Discretionary	11.4	%
Consumer Staples	6.3	%
Energy	3.3	%
Financials	14.2	%
Health Care	13.9	%
Industrials	12.8	%
Information Technology	24.0	%
Materials	4.1	%
Real Estate	0.2	%
Utilities	2.2	%

	100.0	%


U.S. Micro Cap Portfolio
Communication Services	2.5	%
Consumer Discretionary	11.9	%
Consumer Staples	4.4	%
Energy	4.1	%
Financials	22.7	%
Health Care	11.8	%
Industrials	19.8	%
Information Technology	14.7	%
Materials	5.1	%
Real Estate	0.9	%
Utilities	2.1	%

	100.0	%


U.S. Small Cap Value Portfolio
Communication Services	3.3	%
Consumer Discretionary	14.0	%
Consumer Staples	4.6	%
Energy	7.4	%
Financials	28.8	%
Health Care	3.8	%
Industrials	19.7	%
Information Technology	11.0	%
Materials	6.8	%
Real Estate	0.2	%
Utilities	0.4	%

	100.0	%


DFA Real Estate Securities Portfolio
Real Estate	100.0	%

	100.0	%


U.S. Vector Equity Portfolio
Communication Services	7.5	%
Consumer Discretionary	10.4	%
Consumer Staples	4.7	%
Energy	4.8	%
Financials	22.1	%
Health Care	11.4	%
Industrials	16.8	%
Information Technology	14.5	%
Materials	5.9	%
Real Estate	0.5	%
Utilities	1.4	%

	100.0	%


U.S. High Relative Profitability Portfolio
Communication Services	5.4	%
Consumer Discretionary	15.8	%
Consumer Staples	9.9	%
Energy	0.6	%
Financials	2.6	%
Health Care	14.9	%
Industrials	13.5	%
Information Technology	35.4	%
Materials	1.8	%
Utilities	0.1	%

	100.0	%

ENHANCED U.S. LARGE COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

Face

Amount^

Value†

(000)

BONDS — (67.8%)

AUSTRALIA — (1.3%)

National Australia Bank, Ltd.

2.500%, 01/12/21

2,500

2,519,900

Westpac Banking Corp.

(r)

2.543%, 08/19/21

2,105

2,106,619

TOTAL AUSTRALIA

4,626,519

BELGIUM — (3.0%)

Dexia Credit Local SA

2.000%, 01/22/21

EUR

9,000

10,014,926

Euroclear Bank SA Floating Rate Note

(r)

0.096%, 07/10/20

EUR

937

1,026,708

TOTAL BELGIUM

11,041,634

CANADA — (6.1%)

Bank of Montreal Floating Rate Note

(r)

0.151%, 09/28/21

EUR

406

442,625

(r)

0.011%, 03/14/22

EUR

2,000

2,166,701

Bank of Montreal

0.250%, 11/17/21

EUR

2,494

2,722,674

Bank of Nova Scotia (The)

(r)

1.575%, 04/20/21

908

905,885

Manitoba, Province of Canada

0.750%, 12/15/21

GBP

2,500

3,156,180

National Bank of Canada

2.100%, 02/01/23

1,000

1,010,920

Royal Bank of Canada Floating Rate Note

(r)

0.310%, 07/24/20

EUR

2,667

2,923,163

(r)

0.034%, 08/06/20

EUR

3,000

3,286,135

Royal Bank of Canada

(r)

1.150%, 04/30/21

357

356,637

Toronto-Dominion Bank (The) Floating Rate Note

(r)

0.011%, 09/08/20

EUR

1,429

1,564,804

Toronto-Dominion Bank (The)

0.625%, 03/08/21

EUR

3,500

3,839,079

TOTAL CANADA

22,374,803

DENMARK — (0.8%)

Danske Bank A.S.

2.700%, 03/02/22

3,000

3,037,922

Face

Amount^

Value†

(000)

FRANCE — (2.4%)

Agence Francaise de Developpement

0.125%, 03/31/21

EUR

2,500

2,747,487

Bpifrance Financement SA

0.100%, 02/19/21

EUR

900

988,318

Caisse des Depots et Consignations

1.000%, 01/25/21

GBP

700

885,134

Sanofi

0.000%, 03/21/22

EUR

1,000

1,096,937

SNCF Reseau EPIC

5.500%, 12/01/21

GBP

2,000

2,710,519

Total Capital International SA

2.250%, 12/17/20

GBP

375

475,233

TOTAL FRANCE

8,903,628

GERMANY — (6.4%)

BMW US Capital LLC

(r)W

2.207%, 08/13/21

1,640

1,598,491

Daimler Finance North America LLC

(r)W

2.141%, 05/04/20

500

500,000

Deutsche Bahn Finance GMBH

1.750%, 11/06/20

EUR

3,910

4,317,970

0.000%, 07/19/21

EUR

400

437,647

Kreditanstalt fuer Wiederaufbau

0.125%, 06/03/22

SEK

30,000

3,060,970

Land Berlin

0.250%, 07/15/20

EUR

250

274,240

Landeskreditbank Baden-Wuerttemberg Foerderbank

0.125%, 11/05/20

EUR

2,000

2,195,714

Siemens Financieringsmaatschappij NV

2.900%, 05/27/22

500

518,498

State of North Rhine-Westphalia Germany Floating Rate Note

(r)

0.691%, 10/29/21

GBP

5,900

7,414,414

Volkswagen Group of America Finance LLC

4.000%, 11/12/21

3,000

3,047,184

TOTAL GERMANY

23,365,128

ENHANCED U.S. LARGE COMPANY PORTFOLIO

CONTINUED


			Face
			Amount^		Value†
			(000)
JAPAN — (6.4%)
American Honda Finance Corp.
(r)	1.118%, 06/11/21			2,893	$	2,866,005
Mitsubishi UFJ Financial Group, Inc.
(r)	1.641%, 07/26/21			465		462,653
Mizuho Financial Group, Inc.
(r)	1.913%, 09/13/21			800		799,801
	2.601%, 09/11/22			3,000		3,041,026
Nissan Motor Acceptance Corp. Floating Rate Note
(r)W	1.261%, 03/15/21			1,700		1,617,907
Shire Acquisitions Investments Ireland DAC
	2.400%, 09/23/21			515		522,763
Sumitomo Mitsui Financial Group, Inc.
(r)	2.679%, 03/09/21			2,500		2,510,064
(r)	2.275%, 10/19/21			381		381,144
	3.102%, 01/17/23			500		518,149
Total Capital Canada, Ltd.
	1.875%, 07/09/20	EUR		500		549,494
	1.125%, 03/18/22	EUR		3,000		3,332,799
Toyota Credit Canada, Inc.
	2.200%, 02/25/21	CAD		4,500		3,260,354
Toyota Finance Australia, Ltd.
	0.000%, 04/09/21	EUR		1,700		1,849,274
Toyota Motor Credit Corp.
	1.000%, 09/10/21	EUR		869		956,196
	0.750%, 07/21/22	EUR		210		230,563
Toyota Motor Finance Netherlands BV
	0.250%, 01/10/22	EUR		500		544,144

TOTAL JAPAN						23,442,336

LUXEMBOURG — (0.1%)
Luxembourg Government Bond
	3.375%, 05/18/20	EUR		455		499,160

NETHERLANDS — (2.5%)
BNG Bank NV
	5.375%, 06/07/21	GBP		600		795,914
Shell International Finance BV
	1.625%, 03/24/21	EUR		5,599		6,214,812
	1.250%, 03/15/22	EUR		2,000		2,220,524

TOTAL NETHERLANDS						9,231,250

NORWAY — (2.0%)
Equinor ASA
	2.000%, 09/10/20	EUR		1,415		1,559,537


			Face
			Amount^		Value†
			(000)
NORWAY — (Continued)
	5.625%, 03/11/21	EUR		4,913	$	5,625,571

TOTAL NORWAY						7,185,108

SINGAPORE — (0.2%)
Temasek Financial I, Ltd.
	0.500%, 03/01/22	EUR		500		551,228

SPAIN — (1.3%)
Santander Holdings USA, Inc.
	3.400%, 01/18/23			1,500		1,509,666
Santander UK Group Holdings P.L.C.
	2.875%, 10/16/20			500		502,884
Telefonica Emisiones SA
	5.462%, 02/16/21			2,500		2,574,822

TOTAL SPAIN						4,587,372

SUPRANATIONAL ORGANIZATION OBLIGATIONS — (0.6%)
European Investment Bank Floating Rate Note
(r)	0.948%, 05/21/21	GBP		500		630,768
Nordic Investment Bank
	1.375%, 07/15/20	NOK		14,890		1,454,780

TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS						2,085,548

SWEDEN — (0.3%)
Svenska Handelsbanken AB
	2.400%, 10/01/20			1,000		1,007,748

SWITZERLAND — (2.1%)
Nestle Finance International, Ltd.
	0.750%, 11/08/21	EUR		2,827		3,128,370
	1.750%, 09/12/22	EUR		2,000		2,281,348
Nestle Holdings, Inc.
	1.750%, 12/09/20	GBP		1,000		1,266,160
Novartis Finance SA
	0.750%, 11/09/21	EUR		1,000		1,107,240

TOTAL SWITZERLAND						7,783,118

UNITED KINGDOM — (2.4%)
Barclays P.L.C.
	2.875%, 06/08/20			500		500,521
	3.200%, 08/10/21			3,000		3,031,914
BP Capital Markets P.L.C.
(r)W	1.611%, 09/16/21			500		490,744
HSBC Holdings P.L.C.
(r)	3.339%, 05/25/21			2,170		2,177,306

ENHANCED U.S. LARGE COMPANY PORTFOLIO

CONTINUED


		Face
		Amount^		Value†
		(000)
UNITED KINGDOM — (Continued)
Lloyds Banking Group P.L.C.
	3.000%, 01/11/22		500	$	507,971
Reynolds American Inc.
	4.000%, 06/12/22		913		949,879
Vodafone Group P.L.C.
	2.500%, 09/26/22		1,000		1,025,967

TOTAL UNITED KINGDOM					8,684,302

UNITED STATES — (29.9%)
Allergan, Inc.
	3.375%, 09/15/20		1,800		1,803,263
Altria Group, Inc.
	4.750%, 05/05/21		635		655,177
Amgen, Inc.
	2.200%, 05/11/20		1,000		1,000,250
Anthem, Inc.
	2.500%, 11/21/20		3,048		3,070,348
Apple, Inc.
	1.000%, 11/10/22	EUR	6,000		6,755,571
AT&T, Inc.
	2.450%, 06/30/20		1,500		1,501,531
(r)	2.169%, 07/15/21		1,000		998,577
Bank of America Corp.
	3.300%, 01/11/23		1,000		1,048,312
Biogen, Inc.
	2.900%, 09/15/20		2,000		2,006,105
BMW US Capital LLC
W	3.100%, 04/12/21		500		502,312
Booking Holdings, Inc.
#	2.750%, 03/15/23		2,000		2,033,777
Boston Scientific Corp.
	3.375%, 05/15/22		1,465		1,527,745
Broadcom Corp. / Broadcom Cayman Finance Ltd.
	3.000%, 01/15/22		2,900		2,954,465
Bunge, Ltd. Finance Corp.
	3.000%, 09/25/22		200		202,537
Capital One Financial Corp.
#	3.200%, 01/30/23		2,000		2,036,929
Cardinal Health, Inc.
	4.625%, 12/15/20		1,000		1,016,191
Caterpillar Financial Services Corp.
(r)	1.279%, 09/07/21		1,115		1,102,513
Citibank NA
	2.100%, 06/12/20		1,000		1,000,215
Citigroup, Inc.
(r)	2.953%, 08/02/21		1,600		1,599,048
Comcast Cable Communications Holdings, Inc.
	9.455%, 11/15/22		2,200		2,661,298


			Face
			Amount^		Value†
			(000)
UNITED STATES — (Continued)
Comcast Corp.
(r)	1.873%, 10/01/21			500	$	499,134
Constellation Brands, Inc.
	2.700%, 05/09/22			1,550		1,575,698
	3.200%, 02/15/23			1,500		1,563,775
CVS Health Corp.
	2.800%, 07/20/20			1,500		1,499,820
Daimler Finance North
	America LLC
W	2.550%, 08/15/22			1,450		1,430,845
Dominion Energy Gas
	Holdings LLC
(r)	1.341%, 06/15/21			3,000		2,973,444
FedEx Corp.
#	2.625%, 08/01/22			2,500		2,556,083
GE Capital International
	Funding Co., Unlimited Co.
	2.342%, 11/15/20			2,000		2,002,387
General Electric Co.
	4.650%, 10/17/21			500		519,336
General Mills, Inc.
(r)	1.716%, 04/16/21			1,325		1,318,027
Goldman Sachs Group, Inc.
	(The)
	3.625%, 01/22/23			2,000		2,099,083
	3.200%, 02/23/23			1,000		1,037,250
Hewlett Packard Enterprise
	Co.
(r)	1.464%, 03/12/21			2,000		1,981,165
HP, Inc.
	4.300%, 06/01/21			285		292,846
John Deere Capital Corp.
(r)	1.156%, 09/10/21			2,022		2,000,865
KeyCorp
	5.100%, 03/24/21			450		465,220
Kroger Co. (The)
#	2.800%, 08/01/22			1,500		1,552,941
Laboratory Corp. of America
	Holdings
	3.750%, 08/23/22			3,000		3,148,331
LyondellBasell Industries NV
	6.000%, 11/15/21			2,500		2,628,060
McKesson Corp.
	3.650%, 11/30/20			699		707,961
Merck & Co., Inc.
	1.125%, 10/15/21	EUR		1,700		1,882,401
Micron Technology, Inc.
	2.497%, 04/24/23			150		152,664
Morgan Stanley
	5.500%, 07/28/21			610		639,701
	3.125%, 01/23/23			2,700		2,807,697
Mylan, Inc.
W	3.125%, 01/15/23			1,650		1,667,128

ENHANCED U.S. LARGE COMPANY PORTFOLIO

CONTINUED


			Face
			Amount^		Value†
			(000)
UNITED STATES — (Continued)
National Rural Utilities Cooperative Finance Corp.
(r)	1.750%, 06/30/21			3,000	$	2,967,291
NetApp, Inc.
	3.375%, 06/15/21			1,014		1,032,400
Newmont Corp.
	3.625%, 06/09/21			2,800		2,836,199
Northrop Grumman Corp.
	2.550%, 10/15/22			1,600		1,656,160
Omnicom Group, Inc. / Omnicom Capital, Inc.
	3.625%, 05/01/22			2,000		2,096,738
ONEOK Partners L.P.
	3.375%, 10/01/22			3,500		3,399,707
Oracle Corp.
	2.500%, 10/15/22			2,500		2,596,578
Pfizer, Inc.
	0.250%, 03/06/22	EUR		2,000		2,199,589
Procter & Gamble Co. (The)
	2.000%, 11/05/21	EUR		1,500		1,688,100
Regions Financial Corp.
	2.750%, 08/14/22			916		931,499
Ryder System, Inc.
	2.875%, 06/01/22			1,984		1,981,293
Sunoco Logistics Partners Operations L.P.
	4.650%, 02/15/22			3,000		2,997,012
Sysco Corp.
	2.600%, 06/12/22			500		502,640
VMware, Inc.
	2.950%, 08/21/22			2,264		2,296,986
Walgreens Boots Alliance, Inc.
	3.300%, 11/18/21			2,500		2,551,431
Wells Fargo & Co.
(r)	2.594%, 03/04/21			696		697,915
(r)	2.016%, 07/26/21			2,272		2,269,606

TOTAL UNITED STATES						109,179,170

TOTAL BONDS						247,585,974

U.S. TREASURY OBLIGATIONS — (25.9%)
U.S. Treasury Bills
	0.170%, 07/14/20			7,000		6,998,777


		Face
		Amount^		Value†
		(000)
	0.160%, 07/30/20		10,000	$	9,997,406
U.S. Treasury Notes
	1.375%, 05/31/20		19,500		19,520,368
(r)	0.264%, 04/30/21		22,900		22,922,905
(r)	0.279%, 01/31/22		9,800		9,812,871
	1.875%, 02/28/22		24,500		25,246,485

TOTAL U.S. TREASURY OBLIGATIONS					94,498,812

TOTAL INVESTMENT SECURITIES (Cost $344,366,326)					342,084,786

COMMERCIAL PAPER — (6.1%)
W	Astrazeneca P.L.C.
	2.000%, 10/28/20		3,000		2,978,868
W	Bayer Corp. 2.450%,
	09/01/20		1,800		1,788,220
	Dow Chemical Co.
	1.629%, 07/29/20		2,500		2,488,438
W	Duke Energy Corp.
	1.740%, 05/13/20		3,000		2,999,133
W	Dupont De Nemours,
	Inc. 1.300%,
	07/07/20		2,500		2,493,951
W	Eni Finance USA, Inc.
	1.844%, 05/06/20		3,000		2,999,262
	Intesa Funding LLC
	2.234%, 05/19/20		1,000		999,703
W	Mondelez Intl, Inc.
	1.050%, 06/22/20		2,500		2,494,803
W	Walt Disney Co.
	1.450%, 07/31/20		3,000		2,989,367

TOTAL COMMERCIAL PAPER					22,231,745


		Shares
SECURITIES LENDING COLLATERAL — (0.2%)
@§	The DFA Short Term
	Investment Fund		50,365		582,774

TOTAL INVESTMENTS — (100.0%) (Cost $367,170,036)				$	364,899,305

ENHANCED U.S. LARGE COMPANY PORTFOLIO

CONTINUED

As of April 30, 2020, Enhanced U.S. Large Company Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying financial statements:


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Foreign Exchange Appreciation (Depreciation)
EUR	6,662,799	USD	7,207,106	Bank of America Corp.		05/04/20	$	94,319
USD	39,836,274	EUR	36,339,724	State Street Bank and Trust		05/04/20		13,403
EUR	29,676,925	USD	32,190,560	State Street Bank and Trust		05/04/20		330,885
USD	1,476,053	NOK	15,083,960	Citibank, N.A.		05/13/20		3,677

Total Appreciation							$	442,284
USD	2,972,807	SEK	29,929,915	Bank of America Corp.		05/07/20	$	(95,187	)
USD	3,207,293	CAD	4,497,126	JP Morgan New York		05/13/20		(23,522	)
USD	17,129,490	GBP	13,859,301	State Street Bank and Trust		06/23/20		(329,938	)
USD	32,380,665	EUR	29,818,839	State Street Bank and Trust		06/26/20		(330,624	)
USD	50,728,748	EUR	46,590,616	State Street Bank and Trust		07/16/20		(403,497	)

Total (Depreciation)							$	(1,182,768	)

Total Appreciation (Depreciation)							$	(740,484	)

As of April 30, 2020, Enhanced U.S. Large Company Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		2,533		06/19/20	$	386,467,005	$	367,588,960	$	(18,878,045	)

Total Futures Contracts					$	386,467,005	$	367,588,960	$	(18,878,045	)

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Bonds
Australia		—	$	4,626,519		—	$	4,626,519
Belgium		—		11,041,634		—		11,041,634
Canada		—		22,374,803		—		22,374,803
Denmark		—		3,037,922		—		3,037,922
France		—		8,903,628		—		8,903,628
Germany		—		23,365,128		—		23,365,128
Japan		—		23,442,336		—		23,442,336
Luxembourg		—		499,160		—		499,160
Netherlands		—		9,231,250		—		9,231,250
Norway		—		7,185,108		—		7,185,108
Singapore		—		551,228		—		551,228
Spain		—		4,587,372		—		4,587,372
Supranational Organization Obligations		—		2,085,548		—		2,085,548
Sweden		—		1,007,748		—		1,007,748
Switzerland		—		7,783,118		—		7,783,118

ENHANCED U.S. LARGE COMPANY PORTFOLIO

CONTINUED


	Investments in Securities (Market Value)
	Level 1			Level 2			Level 3		Total
United Kingdom		—		$	8,684,302			—	$	8,684,302
United States		—			109,179,170			—		109,179,170
U.S. Treasury Obligations		—			94,498,812			—		94,498,812
Commercial Paper		—			22,231,745			—		22,231,745
Securities Lending Collateral		—			582,774			—		582,774
Forward Currency Contracts**		—			(740,484	)		—		(740,484	)
Futures Contracts**	$	(18,878,045	)		—			—		(18,878,045	)

TOTAL	$	(18,878,045	)	$	364,158,821			—	$	345,280,776

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

See accompanying Notes to Financial Statements.

U.S. LARGE CAP EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (99.1%)
COMMUNICATION SERVICES — (11.2%)
*	Alphabet, Inc., Class A		16,922	$	22,788,857		1.5	%
*	Alphabet, Inc., Class C		17,312		23,348,002		1.6	%
	AT&T, Inc.		401,435		12,231,725		0.8	%
	Comcast Corp., Class A		307,019		11,553,125		0.8	%
*	Facebook, Inc., Class A		135,096		27,655,502		1.8	%
*	Netflix, Inc.		18,609		7,812,989		0.5	%
	Verizon Communications, Inc.		366,492		21,054,965		1.4	%
	Walt Disney Co. (The)		79,718		8,621,502		0.6	%
	Other Securities				36,054,223		2.4	%

TOTAL COMMUNICATION SERVICES					171,120,890		11.4	%

CONSUMER DISCRETIONARY — (10.9%)
*	Amazon.com, Inc.		22,833		56,488,842		3.7	%
	Home Depot, Inc. (The)		48,615		10,687,035		0.7	%
	McDonald’s Corp.		33,857		6,350,219		0.4	%
	NIKE, Inc., Class B		75,915		6,618,270		0.4	%
	Other Securities				85,536,632		5.8	%

TOTAL CONSUMER DISCRETIONARY					165,680,998		11.0	%

CONSUMER STAPLES — (7.1%)
	Coca-Cola Co. (The)		216,698		9,944,271		0.7	%
	Costco Wholesale Corp.		21,925		6,643,275		0.4	%
	PepsiCo, Inc.		83,963		11,107,465		0.7	%
	Procter & Gamble Co. (The)		138,633		16,340,672		1.1	%
	Walmart, Inc.		81,093		9,856,854		0.7	%
	Other Securities				54,127,278		3.6	%

TOTAL CONSUMER STAPLES					108,019,815		7.2	%

ENERGY — (2.7%)
	Chevron Corp.		104,302		9,595,784		0.6	%
	Exxon Mobil Corp.		187,582		8,716,935		0.6	%
	Other Securities				22,625,977		1.5	%

TOTAL ENERGY					40,938,696		2.7	%

FINANCIALS — (10.6%)
	Bank of America Corp.		365,022		8,778,779		0.6	%
*	Berkshire Hathaway, Inc., Class B		86,398		16,187,529		1.1	%
	JPMorgan Chase & Co.		169,944		16,273,837		1.1	%
	Other Securities				120,794,484		7.9	%

TOTAL FINANCIALS					162,034,629		10.7	%

HEALTH CARE — (15.4%)
	Abbott Laboratories		79,440		7,315,630		0.5	%
	Amgen, Inc.		36,039		8,621,250		0.6	%
	Bristol-Myers Squibb Co.		123,800		7,528,278		0.5	%
	Eli Lilly and Co.		52,210		8,073,754		0.5	%
	Gilead Sciences, Inc.		81,676		6,860,784		0.5	%
	Johnson & Johnson		172,825		25,930,663		1.7	%

U.S. LARGE CAP EQUITY PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
	Medtronic P.L.C		58,258	$	5,687,729		0.4	%
	Merck & Co., Inc.		138,496		10,988,273		0.7	%
	Pfizer, Inc.		336,339		12,901,964		0.9	%
	Thermo Fisher Scientific, Inc.		19,474		6,517,558		0.4	%
	UnitedHealth Group, Inc.		55,951		16,363,989		1.1	%
	Other Securities				118,763,482		7.8	%

TOTAL HEALTH CARE					235,553,354		15.6	%

INDUSTRIALS — (9.9%)
	Lockheed Martin Corp.		15,478		6,021,871		0.4	%
	Union Pacific Corp.		44,450		7,102,666		0.5	%
	Other Securities				138,465,538		9.2	%

TOTAL INDUSTRIALS					151,590,075		10.1	%

INFORMATION TECHNOLOGY — (25.1%)
	Accenture P.L.C., Class A		39,462		7,307,968		0.5	%
*	Adobe, Inc.		21,707		7,676,463		0.5	%
	Apple, Inc.		265,289		77,941,908		5.2	%
	Broadcom, Inc.		22,198		6,029,421		0.4	%
	Cisco Systems, Inc.		239,412		10,146,281		0.7	%
	Intel Corp.		314,607		18,870,128		1.3	%
	International Business Machines Corp.		65,599		8,236,610		0.6	%
	Mastercard, Inc., Class A		54,412		14,961,668		1.0	%
	Microsoft Corp.		385,398		69,067,176		4.6	%
	NVIDIA Corp.		21,467		6,274,375		0.4	%
	Oracle Corp.		126,696		6,711,087		0.5	%
*	PayPal Holdings, Inc.		51,348		6,315,804		0.4	%
*	salesforce.com, Inc.		37,167		6,019,196		0.4	%
	Texas Instruments, Inc.		55,377		6,427,608		0.4	%
	Visa, Inc., Class A		90,905		16,246,542		1.1	%
	Other Securities				113,817,704		7.4	%

TOTAL INFORMATION TECHNOLOGY					382,049,939		25.4	%

MATERIALS — (3.5%)
	Other Securities				52,973,386		3.5	%

REAL ESTATE — (0.2%)
	Other Securities				2,299,085		0.1	%

UTILITIES — (2.5%)
	Other Securities				38,092,656		2.5	%

TOTAL COMMON STOCKS (Cost $1,102,550,176)					1,510,353,523		100.2	%

TEMPORARY CASH INVESTMENTS — (0.3%)
State Street Institutional U.S. Government Money Market Fund, 0.216%			4,782,055		4,782,055		0.3	%

U.S. LARGE CAP EQUITY PORTFOLIO

CONTINUED


	Shares		Value†		Percentage of Net Assets‡
SECURITIES LENDING COLLATERAL — (0.6%)
@§ The DFA Short Term Investment Fund		835,461	$	9,667,124		0.7	%

TOTAL INVESTMENTS—(100.0%) (Cost $1,116,996,798)			$	1,524,802,702		101.2	%

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	171,120,890		—		—	$	171,120,890
Consumer Discretionary		165,680,998		—		—		165,680,998
Consumer Staples		108,019,815		—		—		108,019,815
Energy		40,938,696		—		—		40,938,696
Financials		162,034,629		—		—		162,034,629
Health Care		235,553,354		—		—		235,553,354
Industrials		151,590,075		—		—		151,590,075
Information Technology		382,049,939		—		—		382,049,939
Materials		52,973,386		—		—		52,973,386
Real Estate		2,299,085		—		—		2,299,085
Utilities		38,092,656		—		—		38,092,656
Temporary Cash Investments		4,782,055		—		—		4,782,055
Securities Lending Collateral		—	$	9,667,124		—		9,667,124

TOTAL	$	1,515,135,578	$	9,667,124		—	$	1,524,802,702

See accompanying Notes to Financial Statements.

U.S. LARGE CAP VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The U.S. Large Cap Value Series of The DFA Investment Trust Company	$	19,576,237,689

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	19,576,237,689

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

See accompanying Notes to Financial Statements.

U.S. TARGETED VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (93.7%)
COMMUNICATION SERVICES — (2.8%)
	News Corp., Class A		2,724,048	$	26,995,316		0.3	%
	Other Securities				218,317,450		2.6	%

TOTAL COMMUNICATION SERVICES					245,312,766		2.9	%

CONSUMER DISCRETIONARY — (13.0%)
*	AutoNation, Inc.		839,009		31,244,695		0.4	%
	BorgWarner, Inc.		1,470,233		42,004,557		0.5	%
	Lear Corp.		300,391		29,333,181		0.4	%
	Marriott Vacations Worldwide Corp.		326,761		27,121,163		0.3	%
	Toll Brothers, Inc.		1,439,665		34,580,753		0.4	%
	Other Securities				978,730,052		11.6	%

TOTAL CONSUMER DISCRETIONARY					1,143,014,401		13.6	%

CONSUMER STAPLES — (4.4%)
	Bunge, Ltd.		1,149,305		45,592,929		0.6	%
*	Darling Ingredients, Inc.		1,437,572		29,599,608		0.4	%
	Ingredion, Inc.		383,663		31,153,436		0.4	%
*	Post Holdings, Inc.		585,683		53,794,984		0.6	%
*	US Foods Holding Corp.		1,517,554		32,627,411		0.4	%
	Other Securities				194,175,239		2.2	%

TOTAL CONSUMER STAPLES					386,943,607		4.6	%

ENERGY — (6.4%)
	HollyFrontier Corp		1,141,788		37,724,676		0.5	%
	Other Securities				522,857,649		6.2	%

TOTAL ENERGY					560,582,325		6.7	%

FINANCIALS — (24.3%)
	Assured Guaranty, Ltd.		1,084,911		32,254,404		0.4	%
*	Athene Holding, Ltd., Class A		1,353,346		36,540,342		0.4	%
	Invesco, Ltd.		3,055,091		26,334,884		0.3	%
	Investors Bancorp, Inc.		2,897,342		26,974,254		0.3	%
	Legg Mason, Inc.		569,464		28,376,391		0.3	%
	New York Community Bancorp, Inc.		3,919,604		42,566,899		0.5	%
	PacWest Bancorp		1,349,803		27,320,013		0.3	%
	People’s United Financial, Inc.		4,138,862		52,522,159		0.6	%
	Popular, Inc.		858,309		33,122,144		0.4	%
#	Santander Consumer USA Holdings, Inc.		2,050,676		31,970,039		0.4	%
	TCF Financial Corp.		1,083,948		32,182,416		0.4	%
	Unum Group		1,628,926		28,424,759		0.3	%
	Valley National Bancorp		3,458,658		28,914,381		0.3	%
	Voya Financial, Inc.		1,047,678		47,323,615		0.6	%
	Zions Bancorp NA		1,372,635		43,388,992		0.5	%
	Other Securities				1,621,600,106		19.4	%

TOTAL FINANCIALS					2,139,815,798		25.4	%

HEALTH CARE — (5.0%)
*	DaVita, Inc.		354,776		28,030,852		0.3	%

U.S. TARGETED VALUE PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
	Perrigo Co. P.L.C		736,386	$	39,249,374		0.5	%
	Other Securities				369,916,664		4.4	%

TOTAL HEALTH CARE					437,196,890		5.2	%

INDUSTRIALS — (19.0%)
	Air Lease Corp.		1,163,001		30,412,476		0.4	%
	AMERCO		98,214		27,512,688		0.3	%
#*	Colfax Corp.		1,113,524		28,717,784		0.4	%
#*	FTI Consulting, Inc.		269,534		34,327,850		0.4	%
#	Knight-Swift Transportation Holdings, Inc.		1,630,770		60,632,029		0.7	%
	Oshkosh Corp.		446,066		30,122,837		0.4	%
	Owens Corning		1,006,678		43,649,558		0.5	%
	Quanta Services, Inc.		802,999		29,197,044		0.4	%
#	Trinity Industries, Inc.		1,363,145		26,295,067		0.3	%
#*	XPO Logistics, Inc.		544,449		36,336,526		0.4	%
	Other Securities				1,327,063,705		15.7	%

TOTAL INDUSTRIALS					1,674,267,564		19.9	%

INFORMATION TECHNOLOGY — (11.1%)
*	Arrow Electronics, Inc.		860,619		54,150,147		0.6	%
	Avnet, Inc.		1,079,631		32,410,523		0.4	%
*	CACI International, Inc., Class A		133,579		33,413,451		0.4	%
*	Fabrinet		448,250		28,127,687		0.3	%
	Jabil, Inc.		1,183,381		33,655,356		0.4	%
	SYNNEX Corp.		365,094		31,967,631		0.4	%
*	Tech Data Corp.		455,346		64,039,861		0.8	%
	Other Securities				697,285,578		8.3	%

TOTAL INFORMATION TECHNOLOGY					975,050,234		11.6	%

MATERIALS — (7.2%)
	Huntsman Corp.		1,809,765		30,422,150		0.4	%
	Reliance Steel & Aluminum Co.		666,800		59,731,944		0.7	%
	Steel Dynamics, Inc.		1,402,028		34,027,220		0.4	%
	Other Securities				509,182,384		6.0	%

TOTAL MATERIALS					633,363,698		7.5	%

REAL ESTATE — (0.3%)
	Other Securities				27,779,290		0.3	%

UTILITIES — (0.2%)
	Other Securities				13,885,349		0.2	%

TOTAL COMMON STOCKS					8,237,211,922		97.9	%

PREFERRED STOCKS — (0.0%)
COMMUNICATION SERVICES — (0.0%)
	Other Security				474,000		0.0	%

TOTAL PREFERRED STOCKS					474,000		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $9,604,611,031)					8,237,685,922

U.S. TARGETED VALUE PORTFOLIO

CONTINUED


	Shares		Value†		Percentage of Net Assets‡
TEMPORARY CASH INVESTMENTS — (2.0%)
State Street Institutional U.S. Government Money Market Fund, 0.216%		175,544,692	$	175,544,692		2.1	%

SECURITIES LENDING COLLATERAL — (4.3%)
@§ The DFA Short Term Investment Fund		32,739,343		378,826,943		4.5	%

TOTAL INVESTMENTS—(100.0%) (Cost $10,158,918,140)			$	8,792,057,557		104.5	%

As of April 30, 2020, U.S. Targeted Value Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		1,071		06/19/20	$	131,221,546	$	155,423,520	$	24,201,974

Total Futures Contracts					$	131,221,546	$	155,423,520	$	24,201,974

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	245,312,766		—		—	$	245,312,766
Consumer Discretionary		1,142,952,590	$	61,811		—		1,143,014,401
Consumer Staples		386,943,607		—		—		386,943,607
Energy		560,582,325		—		—		560,582,325
Financials		2,139,612,425		203,373		—		2,139,815,798
Health Care		436,456,312		740,578		—		437,196,890
Industrials		1,674,267,564		—		—		1,674,267,564
Information Technology		975,040,988		9,246		—		975,050,234
Materials		633,363,698		—		—		633,363,698
Real Estate		27,779,290		—		—		27,779,290
Utilities		13,885,349		—		—		13,885,349
Preferred Stocks
Communication Services		474,000		—		—		474,000
Temporary Cash Investments		175,544,692		—		—		175,544,692
Securities Lending Collateral		—		378,826,943		—		378,826,943
Futures Contracts**		24,201,974		—		—		24,201,974

TOTAL	$	8,436,417,580	$	379,841,951		—	$	8,816,259,531

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

See accompanying Notes to Financial Statements.

U.S. SMALL CAP VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (95.5%)
COMMUNICATION SERVICES — (3.2%)
	Telephone and Data Systems, Inc.		3,362,934	$	65,980,765		0.6	%
	Other Securities				272,562,630		2.7	%

TOTAL COMMUNICATION SERVICES					338,543,395		3.3	%

CONSUMER DISCRETIONARY — (13.4%)
	Aaron’s, Inc.		1,459,256		46,564,859		0.5	%
*	Adtalem Global Education, Inc.		1,812,633		57,587,350		0.6	%
*	AutoNation, Inc.		1,768,834		65,871,378		0.6	%
	Graham Holdings Co., Class B		128,210		50,003,182		0.5	%
	MDC Holdings, Inc.		2,066,391		60,441,937		0.6	%
*	Meritage Homes Corp.		1,426,415		74,972,372		0.7	%
*	Taylor Morrison Home Corp.		4,505,875		65,560,481		0.6	%
*	TRI Pointe Group, Inc.		4,106,268		47,139,957		0.5	%
	Other Securities				966,420,801		9.2	%

TOTAL CONSUMER DISCRETIONARY					1,434,562,317		13.8	%

CONSUMER STAPLES — (4.4%)
*	Darling Ingredients, Inc.		4,150,444		85,457,642		0.8	%
#	Fresh Del Monte Produce, Inc.		1,770,979		50,490,611		0.5	%
	Seaboard Corp.		16,696		50,273,326		0.5	%
	Other Securities				283,579,436		2.7	%

TOTAL CONSUMER STAPLES					469,801,015		4.5	%

ENERGY — (7.0%)
*	CNX Resources Corp.		4,967,456		52,655,034		0.5	%
#	EQT Corp.		3,621,516		52,837,918		0.5	%
	World Fuel Services Corp.		2,346,287		58,657,175		0.6	%
	Other Securities				587,463,828		5.6	%

TOTAL ENERGY					751,613,955		7.2	%

FINANCIALS — (27.6%)
	American Equity Investment Life Holding Co.		3,332,829		70,056,066		0.7	%
	Associated Banc-Corp.		4,921,815		69,594,464		0.7	%
	Bank OZK		2,502,492		56,606,369		0.6	%
#	CNO Financial Group, Inc.		4,510,009		63,410,727		0.6	%
	FNB Corp.		5,980,673		48,383,645		0.5	%
#	Fulton Financial Corp.		4,417,215		51,637,243		0.5	%
	International Bancshares Corp.		1,621,762		47,014,880		0.5	%
	Kemper Corp.		904,460		60,797,801		0.6	%
	Old National Bancorp.		4,940,176		70,002,294		0.7	%
	Umpqua Holdings Corp.		4,444,429		55,666,473		0.5	%
#	United Bankshares, Inc.		1,796,322		53,817,807		0.5	%
	Valley National Bancorp		7,732,855		64,646,668		0.6	%
	Washington Federal, Inc.		2,529,740		67,645,248		0.7	%
	Other Securities				2,166,508,138		20.6	%

TOTAL FINANCIALS					2,945,787,823		28.3	%

U.S. SMALL CAP VALUE PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (3.6%)
#*	Acadia Healthcare Co., Inc.		2,679,088	$	64,324,903		0.6	%
*	Magellan Health, Inc.		791,269		48,053,766		0.5	%
	Other Securities				275,372,946		2.6	%

TOTAL HEALTH CARE					387,751,615		3.7	%

INDUSTRIALS — (18.8%)
	Air Lease Corp.		1,847,866		48,321,696		0.5	%
#*	Colfax Corp.		2,055,496		53,011,242		0.5	%
*	FTI Consulting, Inc.		656,531		83,615,788		0.8	%
#	GATX Corp.		1,145,388		67,921,508		0.7	%
	Macquarie Infrastructure Corp.		1,957,831		54,016,557		0.5	%
	Regal Beloit Corp.		1,068,615		75,882,351		0.7	%
	SkyWest, Inc.		1,704,531		52,755,234		0.5	%
	Triton International, Ltd.		2,164,724		67,063,150		0.7	%
	Werner Enterprises, Inc.		1,292,852		51,869,222		0.5	%
	Other Securities				1,458,864,412		13.9	%

TOTAL INDUSTRIALS					2,013,321,160		19.3	%

INFORMATION TECHNOLOGY — (10.5%)
*	Amkor Technology, Inc.		6,537,297		64,588,494		0.6	%
*	Anixter International, Inc.		685,739		63,677,724		0.6	%
*	CACI International, Inc., Class A.		305,562		76,433,279		0.7	%
	ManTech International Corp., Class A		624,638		46,573,009		0.5	%
*	Netscout Systems, Inc.		2,028,366		53,711,132		0.5	%
*	Sanmina Corp.		2,305,591		63,934,038		0.6	%
*	Tech Data Corp.		600,765		84,491,590		0.8	%
#	Vishay Intertechnology, Inc.		3,965,663		65,790,349		0.6	%
	Other Securities				601,106,023		5.8	%

TOTAL INFORMATION TECHNOLOGY					1,120,305,638		10.7	%

MATERIALS — (6.5%)
	Commercial Metals Co.		3,973,538		63,338,196		0.6	%
*	Element Solutions, Inc.		6,978,782		71,532,515		0.7	%
	Other Securities				559,998,375		5.4	%

TOTAL MATERIALS.					694,869,086		6.7	%

REAL ESTATE — (0.2%)
	Other Securities				22,316,973		0.2	%

UTILITIES — (0.3%)
	Other Securities				35,354,229		0.3	%

TOTAL COMMON STOCKS					10,214,227,206		98.0	%

PREFERRED STOCKS — (0.0%)
COMMUNICATION SERVICES — (0.0%)
	Other Security				363,000		0.0	%

TOTAL PREFERRED STOCKS					363,000		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $10,944,766,825)					10,214,590,206

U.S. SMALL CAP VALUE PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
TEMPORARY CASH INVESTMENTS — (1.7%)
	State Street Institutional U.S. Government Money Market Fund, 0.216%		183,840,509	$	183,840,509		1.8	%

SECURITIES LENDING COLLATERAL — (2.8%)
@§	The DFA Short Term Investment Fund		25,636,093		296,635,236		2.8	%

TOTAL INVESTMENTS—(100.0%) (Cost $11,425,157,294)				$	10,695,065,951		102.6	%

As of April 30, 2020, U.S. Small Cap Value Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		1,288		06/19/20	$	168,574,879	$	186,914,560	$	18,339,681

Total Futures Contracts					$	168,574,879	$	186,914,560	$	18,339,681

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	338,543,395		—		—	$	338,543,395
Consumer Discretionary		1,434,508,999	$	53,318		—		1,434,562,317
Consumer Staples		469,801,015		—		—		469,801,015
Energy		751,613,955		—		—		751,613,955
Financials		2,945,319,367		468,456		—		2,945,787,823
Health Care		387,742,596		9,019		—		387,751,615
Industrials		2,013,321,160		—		—		2,013,321,160
Information Technology		1,120,305,638		—		—		1,120,305,638
Materials		694,869,086		—		—		694,869,086
Real Estate		22,316,973		—		—		22,316,973
Utilities		35,354,229		—		—		35,354,229
Preferred Stocks
Communication Services		363,000		—		—		363,000
Temporary Cash Investments		183,840,509		—		—		183,840,509
Securities Lending Collateral		—		296,635,236		—		296,635,236
Futures Contracts**		18,339,681		—		—		18,339,681

TOTAL	$	10,416,239,603	$	297,166,029		—	$	10,713,405,632

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

See accompanying Notes to Financial Statements.

U.S. CORE EQUITY 1 PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (96.4%)
COMMUNICATION SERVICES — (8.3%)
*	Alphabet, Inc., Class A		131,837	$	177,544,888		0.8	%
*	Alphabet, Inc., Class C		127,904		172,499,009		0.8	%
	AT&T, Inc.		6,181,256		188,342,870		0.8	%
	Comcast Corp., Class A		3,539,537		133,192,777		0.6	%
*	Facebook, Inc., Class A		1,552,970		317,908,489		1.4	%
	Verizon Communications, Inc.		4,824,287		277,155,288		1.2	%
	Walt Disney Co. (The)		794,372		85,911,332		0.4	%
	Other Securities				600,200,850		2.4	%

TOTAL COMMUNICATION SERVICES					1,952,755,503		8.4	%

CONSUMER DISCRETIONARY — (11.9%)
*	Amazon.com, Inc.		310,836		769,008,264		3.3	%
	Home Depot, Inc. (The)		638,008		140,253,299		0.6	%
	McDonald’s Corp.		422,272		79,201,336		0.4	%
	NIKE, Inc., Class B		897,617		78,254,250		0.4	%
	Other Securities				1,735,405,017		7.4	%

TOTAL CONSUMER DISCRETIONARY					2,802,122,166		12.1	%

CONSUMER STAPLES — (6.5%)
	Coca-Cola Co. (The)		2,670,749		122,560,672		0.5	%
	Costco Wholesale Corp.		266,821		80,846,763		0.4	%
	PepsiCo, Inc.		1,155,131		152,812,280		0.7	%
	Procter & Gamble Co. (The)		1,579,025		186,119,677		0.8	%
	Walmart, Inc.		948,731		115,318,253		0.5	%
	Other Securities				865,310,149		3.7	%

TOTAL CONSUMER STAPLES					1,522,967,794		6.6	%

ENERGY — (3.3%)
	Chevron Corp.		1,555,215		143,079,780		0.6	%
	Exxon Mobil Corp.		2,581,192		119,947,992		0.5	%
	Other Securities				519,708,641		2.3	%

TOTAL ENERGY					782,736,413		3.4	%

FINANCIALS — (12.5%)
	Bank of America Corp.		5,056,070		121,598,484		0.5	%
*	Berkshire Hathaway, Inc., Class B		1,174,087		219,976,940		1.0	%
	JPMorgan Chase & Co.		2,680,883		256,721,356		1.1	%
	Wells Fargo & Co.		3,426,212		99,531,459		0.4	%
	Other Securities				2,253,784,914		9.8	%

TOTAL FINANCIALS					2,951,613,153		12.8	%

HEALTH CARE — (13.0%)
	Abbott Laboratories.		778,271		71,670,976		0.3	%
#	AbbVie, Inc.		823,970		67,730,334		0.3	%
	Amgen, Inc.		530,972		127,019,122		0.6	%
	Bristol-Myers Squibb Co.		1,143,766		69,552,410		0.3	%
	CVS Health Corp.		1,101,639		67,805,880		0.3	%
	Eli Lilly and Co.		520,601		80,505,739		0.4	%

U.S. CORE EQUITY 1 PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
	Gilead Sciences, Inc.		920,904	$	77,355,936		0.3	%
	Johnson & Johnson		1,909,603		286,516,834		1.2	%
	Merck & Co., Inc.		1,670,437		132,532,472		0.6	%
	Pfizer, Inc.		3,849,222		147,656,156		0.6	%
	UnitedHealth Group, Inc.		577,060		168,772,738		0.7	%
	Other Securities				1,765,275,773		7.6	%

TOTAL HEALTH CARE					3,062,394,370		13.2	%

INDUSTRIALS — (10.9%)
	3M Co.		495,848		75,329,228		0.3	%
	Lockheed Martin Corp.		193,853		75,420,448		0.3	%
	Union Pacific Corp.		505,841		80,828,333		0.4	%
	Other Securities				2,349,664,247		10.2	%

TOTAL INDUSTRIALS					2,581,242,256		11.2	%

INFORMATION TECHNOLOGY — (23.4%)
	Accenture P.L.C., Class A		456,632		84,563,680		0.4	%
*	Adobe, Inc.		257,391		91,023,753		0.4	%
	Apple, Inc.		3,800,423		1,116,564,277		4.8	%
	Cisco Systems, Inc.		2,936,627		124,454,252		0.6	%
	Intel Corp.		4,207,794		252,383,484		1.1	%
	International Business Machines Corp		768,190		96,453,936		0.4	%
	Mastercard, Inc., Class A		695,404		191,215,238		0.8	%
	Microsoft Corp.		4,936,491		884,668,552		3.8	%
	NVIDIA Corp.		284,649		83,197,210		0.4	%
	Oracle Corp.		2,081,480		110,255,996		0.5	%
	QUALCOMM, Inc.		873,328		68,704,714		0.3	%
	Texas Instruments, Inc.		750,861		87,152,436		0.4	%
	Visa, Inc., Class A		1,085,673		194,031,479		0.9	%
	Other Securities				2,123,268,908		9.0	%

TOTAL INFORMATION TECHNOLOGY					5,507,937,915		23.8	%

MATERIALS — (3.6%)
	Other Securities				842,317,980		3.6	%

REAL ESTATE — (0.2%)
	Other Securities				46,608,218		0.2	%

UTILITIES — (2.8%)
	Other Securities				651,686,146		2.8	%

TOTAL COMMON STOCKS					22,704,381,914		98.1	%

PREFERRED STOCKS — (0.0%)
COMMUNICATION SERVICES — (0.0%)
	Other Security				388,300		0.0	%

U.S. CORE EQUITY 1 PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
INDUSTRIALS — (0.0%)
	Other Security			$	4,006		0.0	%

TOTAL PREFERRED STOCKS					392,306		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $15,756,295,270)					22,704,774,220

TEMPORARY CASH INVESTMENTS — (1.5%)
	State Street Institutional U.S. Government Money Market Fund, 0.216%		343,746,569		343,746,569		1.5	%

SECURITIES LENDING COLLATERAL — (2.1%)
@§	The DFA Short Term Investment Fund		43,576,337		504,221,790		2.2	%

TOTAL INVESTMENTS—(100.0%) (Cost $16,604,180,118)				$	23,552,742,579		101.8	%

As of April 30, 2020, U.S. Core Equity 1 Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		2,520		06/19/20	$	315,971,842	$	365,702,400	$	49,730,558

Total Futures Contracts					$	315,971,842	$	365,702,400	$	49,730,558

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	1,952,755,503		—		—	$	1,952,755,503
Consumer Discretionary		2,802,118,686	$	3,480		—		2,802,122,166
Consumer Staples		1,522,967,794		—		—		1,522,967,794
Energy		782,736,413		—		—		782,736,413
Financials		2,951,562,634		50,519		—		2,951,613,153
Health Care		3,062,264,914		129,456		—		3,062,394,370
Industrials		2,581,242,256		—		—		2,581,242,256
Information Technology		5,507,937,915		—		—		5,507,937,915
Materials		842,317,980		—		—		842,317,980
Real Estate		46,608,218		—		—		46,608,218
Utilities		651,686,146		—		—		651,686,146
Preferred Stocks
Communication Services		388,300		—		—		388,300
Industrials		4,006		—		—		4,006
Temporary Cash Investments		343,746,569		—		—		343,746,569

U.S. CORE EQUITY 1 PORTFOLIO

CONTINUED


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Securities Lending Collateral		—	$	504,221,790		—	$	504,221,790
Futures Contracts**	$	49,730,558		—		—		49,730,558

TOTAL	$	23,098,067,892	$	504,405,245		—	$	23,602,473,137

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

See accompanying Notes to Financial Statements.

U.S. CORE EQUITY 2 PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (95.4%)
COMMUNICATION SERVICES — (7.3%)
*	Alphabet, Inc., Class A		100,065	$	134,757,535		0.6	%
*	Alphabet, Inc., Class C		103,362		139,400,195		0.6	%
	AT&T, Inc.		5,433,550		165,560,268		0.7	%
*	Charter Communications, Inc., Class A		149,645		74,108,693		0.3	%
	Comcast Corp., Class A		4,524,891		170,271,648		0.7	%
*	Facebook, Inc., Class A		1,190,043		243,613,703		1.0	%
	Verizon Communications, Inc.		4,053,628		232,880,929		1.0	%
	Walt Disney Co. (The)		697,556		75,440,681		0.3	%
	Other Securities				600,893,638		2.3	%

TOTAL COMMUNICATION SERVICES					1,836,927,290		7.5	%

CONSUMER DISCRETIONARY — (10.9%)
*	Amazon.com, Inc.		217,531		538,171,694		2.2	%
	Home Depot, Inc. (The)		297,068		65,304,458		0.3	%
	NIKE, Inc., Class B		809,418		70,565,061		0.3	%
	Other Securities				2,069,446,731		8.4	%

TOTAL CONSUMER DISCRETIONARY					2,743,487,944		11.2	%

CONSUMER STAPLES — (6.0%)
	Altria Group, Inc.		1,619,950		63,583,037		0.3	%
	Coca-Cola Co. (The)		2,307,647		105,897,921		0.4	%
	PepsiCo, Inc.		1,103,027		145,919,442		0.6	%
	Procter & Gamble Co. (The)		1,091,810		128,691,645		0.5	%
	Walmart, Inc.		898,743		109,242,212		0.5	%
	Other Securities				962,860,612		3.9	%

TOTAL CONSUMER STAPLES					1,516,194,869		6.2	%

ENERGY — (3.1%)
	Chevron Corp.		1,432,906		131,827,352		0.6	%
	Exxon Mobil Corp.		2,241,033		104,140,803		0.4	%
	Other Securities				546,312,999		2.2	%

TOTAL ENERGY					782,281,154		3.2	%

FINANCIALS — (13.5%)
	American Express Co.		742,133		67,719,636		0.3	%
	Bank of America Corp.		4,688,252		112,752,461		0.5	%
*	Berkshire Hathaway, Inc., Class B		1,010,279		189,285,873		0.8	%
	JPMorgan Chase & Co.		2,465,119		236,059,795		1.0	%
	Wells Fargo & Co.		2,986,789		86,766,220		0.4	%
	Other Securities				2,712,173,575		10.9	%

TOTAL FINANCIALS					3,404,757,560		13.9	%

HEALTH CARE — (13.2%)
	Abbott Laboratories.		673,530		62,025,378		0.3	%
	Amgen, Inc.		480,932		115,048,553		0.5	%
	Bristol-Myers Squibb Co.		1,103,110		67,080,119		0.3	%
*	Cigna Corp.		336,543		65,888,389		0.3	%
	CVS Health Corp.		987,595		60,786,472		0.3	%

U.S. CORE EQUITY 2 PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
	Eli Lilly and Co.		556,426	$	86,045,717		0.4	%
	Gilead Sciences, Inc.		1,115,047		93,663,948		0.4	%
	Johnson & Johnson		2,392,005		358,896,430		1.5	%
	Merck & Co., Inc.		1,813,335		143,869,999		0.6	%
	Pfizer, Inc.		3,839,419		147,280,113		0.6	%
	UnitedHealth Group, Inc.		545,069		159,416,330		0.7	%
	Other Securities				1,974,531,517		7.7	%

TOTAL HEALTH CARE					3,334,532,965		13.6	%

INDUSTRIALS — (12.2%)
	3M Co.		456,981		69,424,553		0.3	%
	Lockheed Martin Corp.		161,715		62,916,838		0.3	%
	Raytheon Technologies Corp.		1,006,200		65,211,822		0.3	%
	Union Pacific Corp.		618,468		98,825,002		0.4	%
	Other Securities				2,768,525,539		11.2	%

TOTAL INDUSTRIALS					3,064,903,754		12.5	%

INFORMATION TECHNOLOGY — (22.9%)
	Accenture P.L.C., Class A		449,831		83,304,203		0.4	%
	Apple, Inc.		4,017,959		1,180,476,354		4.8	%
	Cisco Systems, Inc.		3,638,326		154,192,256		0.6	%
	Intel Corp.		5,043,835		302,529,223		1.2	%
	International Business Machines Corp.		696,317		87,429,563		0.4	%
	Mastercard, Inc., Class A		649,786		178,671,656		0.7	%
	Microsoft Corp.		4,772,363		855,255,173		3.5	%
	Oracle Corp.		1,923,737		101,900,349		0.4	%
	QUALCOMM, Inc.		817,724		64,330,347		0.3	%
	Texas Instruments, Inc.		673,110		78,127,878		0.3	%
	Visa, Inc., Class A		1,079,653		192,955,584		0.8	%
	Other Securities				2,495,470,893		10.2	%

TOTAL INFORMATION TECHNOLOGY					5,774,643,479		23.6	%

MATERIALS — (3.9%)
	Other Securities				989,245,843		4.0	%

REAL ESTATE — (0.3%)
	Other Securities				59,935,653		0.3	%

UTILITIES — (2.1%)
	Other Securities				520,219,859		2.1	%

TOTAL COMMON STOCKS					24,027,130,370		98.1	%

PREFERRED STOCKS — (0.0%)
COMMUNICATION SERVICES — (0.0%)
	Other Security				601,925		0.0	%

U.S. CORE EQUITY 2 PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
INDUSTRIALS — (0.0%)
	Other Security			$	7,395		0.0	%

TOTAL PREFERRED STOCKS					609,320		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $17,079,648,104)					24,027,739,690

TEMPORARY CASH INVESTMENTS — (1.5%)
	State Street Institutional U.S. Government Money Market Fund, 0.216%		387,879,272		387,879,272		1.6	%

SECURITIES LENDING COLLATERAL — (3.1%)
@§	The DFA Short Term Investment Fund		67,597,939		782,175,754		3.2	%

TOTAL INVESTMENTS—(100.0%) (Cost $18,249,592,128)				$	25,197,794,716		102.9	%

As of April 30, 2020, U.S. Core Equity 2 Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		2,830		06/19/20	$	360,001,841	$	410,689,600	$	50,687,759

Total Futures Contracts					$	360,001,841	$	410,689,600	$	50,687,759

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	1,836,927,290		—		—	$	1,836,927,290
Consumer Discretionary		2,743,478,307	$	9,637		—		2,743,487,944
Consumer Staples		1,516,194,869		—		—		1,516,194,869
Energy		782,281,154		—		—		782,281,154
Financials		3,404,672,861		84,699		—		3,404,757,560
Health Care		3,334,323,287		209,678		—		3,334,532,965
Industrials		3,064,903,754		—		—		3,064,903,754
Information Technology		5,774,641,784		1,695		—		5,774,643,479
Materials		989,245,843		—		—		989,245,843
Real Estate		59,935,653		—		—		59,935,653
Utilities		520,219,859		— ��		—		520,219,859
Preferred Stocks
Communication Services		601,925		—		—		601,925
Industrials		7,395		—		—		7,395
Temporary Cash Investments		387,879,272		—		—		387,879,272

U.S. CORE EQUITY 2 PORTFOLIO

CONTINUED


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Securities Lending Collateral		—	$	782,175,754		—	$	782,175,754
Futures Contracts**	$	50,687,759		—		—		50,687,759

TOTAL	$	24,466,001,012	$	782,481,463		—	$	25,248,482,475

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

See accompanying Notes to Financial Statements.

U.S. VECTOR EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (95.9%)
COMMUNICATION SERVICES — (7.2%)
*	Alphabet, Inc., Class A		10,540	$	14,194,218		0.4	%
*	Alphabet, Inc., Class C		11,067		14,925,620		0.4	%
	AT&T, Inc.		832,504		25,366,397		0.7	%
#	CenturyLink, Inc.		739,653		7,855,115		0.2	%
*	Charter Communications, Inc., Class A		21,686		10,739,558		0.3	%
	Comcast Corp., Class A		418,671		15,754,590		0.5	%
*	Facebook, Inc., Class A		71,123		14,559,589		0.4	%
*	T-Mobile US, Inc.		85,566		7,512,695		0.2	%
	Verizon Communications, Inc.		447,552		25,711,862		0.7	%
	Walt Disney Co. (The)		87,475		9,460,421		0.3	%
	Other Securities				115,031,523		3.2	%

TOTAL COMMUNICATION SERVICES					261,111,588		7.3	%

CONSUMER DISCRETIONARY — (10.0%)
	DR Horton, Inc.		140,718		6,644,704		0.2	%
	Ford Motor Co.		1,502,364		7,647,033		0.2	%
*	LKQ Corp.		249,592		6,526,831		0.2	%
*	Murphy USA, Inc.		63,703		6,803,480		0.2	%
	Other Securities				335,302,643		9.4	%

TOTAL CONSUMER DISCRETIONARY					362,924,691		10.2	%

CONSUMER STAPLES — (4.5%)
	Procter & Gamble Co. (The)		116,144		13,689,893		0.4	%
	Tyson Foods, Inc., Class A		121,961		7,584,755		0.2	%
	Walmart, Inc.		76,857		9,341,968		0.3	%
	Other Securities				132,880,206		3.7	%

TOTAL CONSUMER STAPLES					163,496,822		4.6	%

ENERGY — (4.6%)
	Chevron Corp.		225,687		20,763,204		0.6	%
	Exxon Mobil Corp.		322,441		14,983,833		0.4	%
	Valero Energy Corp.		148,454		9,404,561		0.3	%
	Other Securities				123,187,350		3.4	%

TOTAL ENERGY					168,338,948		4.7	%

FINANCIALS — (21.2%)
	Bank of America Corp.		616,771		14,833,343		0.4	%
*	Berkshire Hathaway, Inc., Class B		136,960		25,660,826		0.7	%
	Hartford Financial Services Group, Inc. (The)		173,532		6,592,481		0.2	%
	JPMorgan Chase & Co.		340,661		32,621,697		0.9	%
	Wells Fargo & Co.		437,625		12,713,006		0.4	%
	Other Securities				677,398,927		19.0	%

TOTAL FINANCIALS					769,820,280		21.6	%

HEALTH CARE — (11.0%)
	Abbott Laboratories		87,255		8,035,313		0.2	%
	Allergan P.L.C		38,459		7,204,909		0.2	%
	Anthem, Inc.		28,912		8,116,466		0.2	%

U.S. VECTOR EQUITY PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
*	Centene Corp.		113,858	$	7,580,666		0.2	%
*	Cigna Corp.		44,445		8,701,442		0.3	%
	CVS Health Corp.		137,754		8,478,759		0.2	%
*	Horizon Therapeutics P.L.C		183,873		6,626,783		0.2	%
	Johnson & Johnson		103,374		15,510,235		0.4	%
	Pfizer, Inc.		341,124		13,085,517		0.4	%
	UnitedHealth Group, Inc.		51,083		14,940,245		0.4	%
	Other Securities				300,942,852		8.5	%

TOTAL HEALTH CARE					399,223,187		11.2	%

INDUSTRIALS — (16.1%)
*	FTI Consulting, Inc.		58,855		7,495,773		0.2	%
	Johnson Controls International P.L.C		246,754		7,183,009		0.2	%
	Norfolk Southern Corp.		41,621		7,121,353		0.2	%
	Quanta Services, Inc.		181,867		6,612,684		0.2	%
	Raytheon Technologies Corp.		108,641		7,041,023		0.2	%
	Southwest Airlines Co.		215,213		6,725,406		0.2	%
	Other Securities				542,970,319		15.3	%

TOTAL INDUSTRIALS					585,149,567		16.5	%

INFORMATION TECHNOLOGY — (13.9%)
	Cisco Systems, Inc.		237,876		10,081,185		0.3	%
	Intel Corp.		578,019		34,669,580		1.0	%
*	Micron Technology, Inc.		142,434		6,821,164		0.2	%
	Microsoft Corp.		38,834		6,959,441		0.2	%
*	Tech Data Corp.		51,682		7,268,556		0.2	%
	Other Securities				439,340,283		12.3	%

TOTAL INFORMATION TECHNOLOGY					505,140,209		14.2	%

MATERIALS — (5.6%)
*	Dow, Inc.		283,794		10,412,402		0.3	%
	International Paper Co.		226,485		7,757,111		0.2	%
	Reliance Steel & Aluminum Co.		77,888		6,977,207		0.2	%
	Other Securities				180,940,924		5.1	%

TOTAL MATERIALS					206,087,644		5.8	%

REAL ESTATE — (0.4%)
	Other Securities				17,037,248		0.5	%

UTILITIES — (1.4%)
	Other Securities				50,517,051		1.4	%

TOTAL COMMON STOCKS					3,488,847,235		98.0	%

PREFERRED STOCKS — (0.0%)
COMMUNICATION SERVICES — (0.0%)
	Other Security				374,500		0.0	%

TOTAL PREFERRED STOCKS					374,500		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $2,712,284,980)					3,489,221,735

U.S. VECTOR EQUITY PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
TEMPORARY CASH INVESTMENTS — (1.7%)
	State Street Institutional U.S. Government Money Market Fund, 0.216%		62,541,451	$	62,541,451		1.8	%

SECURITIES LENDING COLLATERAL — (2.4%)
@§	The DFA Short Term Investment Fund		7,327,566		84,787,265		2.4	%

TOTAL INVESTMENTS — (100.0%) (Cost $2,859,591,464)				$	3,636,550,451		102.2	%

As of April 30, 2020, U.S. Vector Equity Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		370		06/19/20	$	46,220,162	$	53,694,400	$	7,474,238

Total Futures Contracts					$	46,220,162	$	53,694,400	$	7,474,238

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	261,111,588		—		—	$	261,111,588
Consumer Discretionary		362,921,022	$	3,669		—		362,924,691
Consumer Staples		163,496,822		—		—		163,496,822
Energy		168,338,948		—		—		168,338,948
Financials		769,785,937		34,343		—		769,820,280
Health Care		399,132,613		90,574		—		399,223,187
Industrials		585,149,567		—		—		585,149,567
Information Technology		505,140,209		—		—		505,140,209
Materials		206,087,644		—		—		206,087,644
Real Estate		17,037,248		—		—		17,037,248
Utilities		50,517,051		—		—		50,517,051
Preferred Stocks
Communication Services		374,500		—		—		374,500
Temporary Cash Investments		62,541,451		—		—		62,541,451
Securities Lending Collateral		—		84,787,265		—		84,787,265
Futures Contracts**		7,474,238		—		—		7,474,238

TOTAL	$	3,559,108,838	$	84,915,851		—	$	3,644,024,689

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

See accompanying Notes to Financial Statements.

U.S. SMALL CAP PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (93.6%)
COMMUNICATION SERVICES — (3.0%)
	Cogent Communications Holdings, Inc.		573,104	$	48,043,308		0.4	%
	Other Securities				366,995,242		2.8	%

TOTAL COMMUNICATION SERVICES					415,038,550		3.2	%

CONSUMER DISCRETIONARY — (12.7%)
*	Deckers Outdoor Corp.		269,531		40,095,432		0.3	%
*	Helen of Troy, Ltd.		267,091		43,877,709		0.3	%
*	Murphy USA, Inc.		340,989		36,417,625		0.3	%
*	TopBuild Corp.		341,220		31,798,292		0.3	%
	Wingstop, Inc.		280,479		32,891,772		0.3	%
	Other Securities				1,549,557,539		11.8	%

TOTAL CONSUMER DISCRETIONARY					1,734,638,369		13.3	%

CONSUMER STAPLES — (4.4%)
#*	Boston Beer Co., Inc. (The), Class A		81,211		37,885,744		0.3	%
*	Darling Ingredients, Inc.		1,579,791		32,527,897		0.3	%
	Sanderson Farms, Inc.		214,155		29,155,062		0.2	%
	Other Securities				496,385,826		3.8	%

TOTAL CONSUMER STAPLES					595,954,529		4.6	%

ENERGY — (2.8%)
	Other Securities				374,379,584		2.9	%

FINANCIALS — (18.1%)
#	Community Bank System, Inc.		500,549		31,279,307		0.2	%
	FirstCash, Inc.		459,862		33,036,486		0.3	%
#	Glacier Bancorp, Inc.		904,649		34,449,034		0.3	%
	RLI Corp.		446,592		32,525,295		0.3	%
	Selective Insurance Group, Inc.		633,422		31,753,445		0.2	%
	TCF Financial Corp.		1,135,043		33,699,427		0.3	%
	Other Securities				2,276,076,975		17.4	%

TOTAL FINANCIALS					2,472,819,969		19.0	%

HEALTH CARE — (10.3%)
*	Amedisys, Inc.		336,243		61,922,511		0.5	%
*	Horizon Therapeutics P.L.C		1,429,215		51,508,909		0.4	%
*	LHC Group, Inc.		324,190		42,141,458		0.3	%
*	NuVasive, Inc.		496,126		30,204,151		0.2	%
*	Quidel Corp.		294,937		40,996,243		0.3	%
*	Repligen Corp.		254,084		29,511,857		0.2	%
	Other Securities				1,154,799,864		8.9	%

TOTAL HEALTH CARE					1,411,084,993		10.8	%

INDUSTRIALS — (18.5%)
*	Aerojet Rocketdyne Holdings, Inc.		781,771		32,162,059		0.3	%
	Armstrong World Industries, Inc.		462,142		35,621,905		0.3	%
	Exponent, Inc.		497,680		35,001,834		0.3	%
*	FTI Consulting, Inc.		393,278		50,087,886		0.4	%

U.S. SMALL CAP PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
INDUSTRIALS — (Continued)
*	Generac Holdings, Inc.		419,580	$	40,883,875		0.3	%
*	Mercury Systems, Inc.		403,799		36,002,719		0.3	%
	MSA Safety, Inc.		292,848		32,954,185		0.3	%
*	RBC Bearings, Inc.		241,140		30,547,615		0.2	%
	Simpson Manufacturing Co., Inc.		450,609		32,488,909		0.3	%
	Tetra Tech, Inc.		534,680		40,250,710		0.3	%
#*	Trex Co., Inc.		432,935		41,224,071		0.3	%
#	Werner Enterprises, Inc.		775,273		31,103,953		0.2	%
	Other Securities				2,083,165,457		15.9	%

TOTAL INDUSTRIALS					2,521,495,178		19.4	%

INFORMATION TECHNOLOGY — (14.9%)
*	ACI Worldwide, Inc.		1,143,723		31,338,010		0.2	%
*	Anixter International, Inc.		341,977		31,755,984		0.3	%
	Cabot Microelectronics Corp.		240,668		29,491,457		0.2	%
*	CACI International, Inc., Class A		148,491		37,143,539		0.3	%
*	Cirrus Logic, Inc.		572,846		43,307,158		0.3	%
#*	Globant SA		250,280		28,949,888		0.2	%
*	Lattice Semiconductor Corp.		1,312,033		29,533,863		0.2	%
*	Manhattan Associates, Inc.		438,572		31,112,298		0.2	%
*	Novanta, Inc.		343,356		29,834,203		0.2	%
	Power Integrations, Inc.		285,286		29,199,022		0.2	%
#*	Qualys, Inc.		373,392		39,370,452		0.3	%
*	Tech Data Corp.		393,553		55,349,294		0.4	%
	Other Securities				1,617,101,212		12.6	%

TOTAL INFORMATION TECHNOLOGY					2,033,486,380		15.6	%

MATERIALS — (4.7%)
	Other Securities				644,543,234		5.0	%

REAL ESTATE — (0.5%)
	Other Securities				63,565,420		0.5	%

UTILITIES — (3.7%)
	American States Water Co.		368,828		29,273,878		0.2	%
#	Ormat Technologies, Inc.		470,860		29,386,373		0.2	%
#	PNM Resources, Inc.		739,823		29,955,433		0.2	%
	Spire, Inc.		403,147		29,413,605		0.2	%
	Other Securities				382,769,026		3.0	%

TOTAL UTILITIES					500,798,315		3.8	%

TOTAL COMMON STOCKS					12,767,804,521		98.1	%

PREFERRED STOCKS — (0.0%)
COMMUNICATION SERVICES — (0.0%)
	Other Security				1,403,675		0.0	%

TOTAL PREFERRED STOCKS					1,403,675		0.0	%

U.S. SMALL CAP PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
RIGHTS/WARRANTS — (0.0%)
CONSUMER DISCRETIONARY — (0.0%)
	Other Security			$	341		0.0	%

TOTAL RIGHTS/WARRANTS					341		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $12,188,896,611)					12,769,208,537

TEMPORARY CASH INVESTMENTS — (1.7%)
	State Street Institutional U.S. Government Money Market Fund, 0.216%		234,064,635		234,064,635		1.8	%

SECURITIES LENDING COLLATERAL — (4.7%)
@§	The DFA Short Term Investment Fund		55,655,694		643,992,035		5.0	%

TOTAL INVESTMENTS — (100.0%) (Cost $13,066,841,275)				$	13,647,265,207		104.9	%

As of April 30, 2020, U.S. Small Cap Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		1,656		06/19/20	$	208,300,961	$	240,318,720	$	32,017,759

Total Futures Contracts					$	208,300,961	$	240,318,720	$	32,017,759

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	415,032,658	$	5,892		—	$	415,038,550
Consumer Discretionary		1,734,608,815		29,554		—		1,734,638,369
Consumer Staples		595,954,529		—		—		595,954,529
Energy		374,379,584		—		—		374,379,584
Financials		2,472,627,226		192,743		—		2,472,819,969
Health Care		1,410,116,067		968,926		—		1,411,084,993
Industrials		2,521,495,178		—		—		2,521,495,178
Information Technology		2,033,482,194		4,186		—		2,033,486,380
Materials		644,543,234		—		—		644,543,234
Real Estate		63,565,420		—		—		63,565,420
Utilities		500,798,315		—		—		500,798,315
Preferred Stocks
Communication Services		1,403,675		—		—		1,403,675
Rights/Warrants
Consumer Discretionary		—		341		—		341
Temporary Cash Investments		234,064,635		—		—		234,064,635

U.S. SMALL CAP PORTFOLIO

CONTINUED


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Securities Lending Collateral		—	$	643,992,035		—	$	643,992,035
Futures Contracts**	$	32,017,759		—		—		32,017,759

TOTAL	$	13,034,089,289	$	645,193,677		—	$	13,679,282,966

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

See accompanying Notes to Financial Statements.

U.S. MICRO CAP PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (94.9%)
COMMUNICATION SERVICES — (2.4%)
#	Shenandoah Telecommunications Co.		447,065	$	23,922,448		0.5	%
	Other Securities				95,348,194		2.0	%

TOTAL COMMUNICATION SERVICES					119,270,642		2.5	%

CONSUMER DISCRETIONARY — (11.3%)
	Callaway Golf Co.		1,013,461		14,512,762		0.3	%
*	Cavco Industries, Inc.		85,656		13,249,270		0.3	%
*	Gentherm, Inc.		360,260		13,488,134		0.3	%
	MDC Holdings, Inc.		459,566		13,442,305		0.3	%
	Wingstop, Inc.		136,621		16,021,545		0.3	%
	Winnebago Industries, Inc.		345,353		15,323,313		0.3	%
	Other Securities				487,461,014		9.9	%

TOTAL CONSUMER DISCRETIONARY					573,498,343		11.7	%

CONSUMER STAPLES — (4.2%)
	Inter Parfums, Inc.		302,312		13,510,323		0.3	%
#	WD-40 Co.		87,197		15,196,693		0.3	%
	Other Securities				182,964,582		3.7	%

TOTAL CONSUMER STAPLES					211,671,598		4.3	%

ENERGY — (3.9%)
*	CNX Resources Corp.		1,455,476		15,428,046		0.3	%
	Other Securities				180,585,896		3.7	%

TOTAL ENERGY					196,013,942		4.0	%

FINANCIALS — (21.5%)
	AMERISAFE, Inc.		218,217		13,893,876		0.3	%
#*	eHealth, Inc.		140,489		14,990,176		0.3	%
	Horace Mann Educators Corp.		388,209		13,649,428		0.3	%
	Kinsale Capital Group, Inc.		134,802		14,642,193		0.3	%
	Safety Insurance Group, Inc.		175,215		14,739,086		0.3	%
	Other Securities				1,017,528,370		20.8	%

TOTAL FINANCIALS					1,089,443,129		22.3	%

HEALTH CARE — (11.2%)
*	BioTelemetry, Inc.		301,832		14,098,573		0.3	%
	CONMED Corp .		179,301		13,252,137		0.3	%
	Ensign Group, Inc. (The)		446,180		16,691,594		0.3	%
	Luminex Corp.		383,249		13,816,126		0.3	%
	Other Securities				507,932,291		10.4	%

TOTAL HEALTH CARE					565,790,721		11.6	%

INDUSTRIALS — (18.8%)
#	AAON, Inc.		362,767		17,282,220		0.4	%
*	Aerovironment, Inc.		219,467		13,225,081		0.3	%
*	Casella Waste Systems, Inc., Class A		439,046		20,362,953		0.4	%
*	CBIZ, Inc.		554,917		13,179,279		0.3	%

U.S. MICRO CAP PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
INDUSTRIALS — (Continued)
	ESCO Technologies, Inc.		177,756	$	13,562,783		0.3	%
	Federal Signal Corp.		637,973		17,180,613		0.4	%
	Forward Air Corp.		296,206		15,284,230		0.3	%
*	Gibraltar Industries, Inc.		291,621		13,502,052		0.3	%
*	Hub Group, Inc., Class A		321,460		15,465,441		0.3	%
	McGrath RentCorp.		245,356		13,384,170		0.3	%
*	Meritor, Inc.		729,205		14,948,702		0.3	%
*	Saia, Inc.		218,036		20,172,691		0.4	%
	Other Securities				765,824,884		15.5	%

TOTAL INDUSTRIALS					953,375,099		19.5	%

INFORMATION TECHNOLOGY — (14.0%)
#	Badger Meter, Inc.		305,168		18,014,067		0.4	%
#	CSG Systems International, Inc.		313,140		15,212,341		0.3	%
*	Diodes, Inc.		352,806		17,954,297		0.4	%
*	ExlService Holdings, Inc.		233,261		14,399,202		0.3	%
*	Fabrinet		340,765		21,383,004		0.4	%
*	FormFactor, Inc.		698,112		16,266,010		0.3	%
*	Insight Enterprises, Inc.		311,814		16,928,382		0.4	%
	Kulicke & Soffa Industries, Inc.		578,093		13,856,889		0.3	%
*	Lattice Semiconductor Corp.		736,300		16,574,113		0.3	%
*	OSI Systems, Inc.		197,981		14,329,865		0.3	%
*	Plexus Corp.		225,831		14,157,345		0.3	%
	Progress Software Corp.		389,221		15,923,031		0.3	%
*	Synaptics, Inc.		265,260		17,345,351		0.4	%
	Other Securities				494,820,308		10.1	%

TOTAL INFORMATION TECHNOLOGY					707,164,205		14.5	%

MATERIALS — (4.8%)
	Innospec, Inc.		239,973		17,402,842		0.4	%
	Stepan Co.		165,320		15,771,528		0.3	%
	Other Securities				211,418,453		4.3	%

TOTAL MATERIALS					244,592,823		5.0	%

REAL ESTATE — (0.8%)
	Other Securities				40,843,056		0.8	%

UTILITIES — (2.0%)
	California Water Service Group		346,288		15,555,257		0.3	%
	Chesapeake Utilities Corp.		153,678		13,505,223		0.3	%
	Northwest Natural Holding Co.		204,788		13,331,699		0.3	%
	Other Securities				60,083,250		1.2	%

TOTAL UTILITIES					102,475,429		2.1	%

TOTAL COMMON STOCKS					4,804,138,987		98.3	%

PREFERRED STOCKS — (0.0%)
COMMUNICATION SERVICES — (0.0%)
	Other Security				500,525		0.0	%

TOTAL PREFERRED STOCKS					500,525		0.0	%

U.S. MICRO CAP PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
RIGHTS/WARRANTS — (0.0%)
CONSUMER DISCRETIONARY — (0.0%)
	Other Security			$	507		0.0	%

TOTAL RIGHTS/WARRANTS					507		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $4,142,169,488)					4,804,640,019

TEMPORARY CASH INVESTMENTS — (1.4%)
	State Street Institutional U.S. Government Money Market Fund, 0.216%		73,082,216		73,082,216		1.5	%

SECURITIES LENDING COLLATERAL — (3.7%)
@§	The DFA Short Term Investment Fund		16,046,908		185,678,775		3.8	%

TOTAL INVESTMENTS — (100.0%) (Cost $4,400,883,698)				$	5,063,401,010		103.6	%

As of April 30, 2020, U.S. Micro Cap Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		574		06/19/20	$	71,062,191	$	83,298,880	$	12,236,689

Total Futures Contracts					$	71,062,191	$	83,298,880	$	12,236,689

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	119,269,550	$	1,092		—	$	119,270,642
Consumer Discretionary		573,486,864		11,479		—		573,498,343
Consumer Staples		211,671,598		—		—		211,671,598
Energy		196,013,942		—		—		196,013,942
Financials		1,089,289,742		153,387		—		1,089,443,129
Health Care		565,378,778		411,943		—		565,790,721
Industrials		953,373,589		1,510		—		953,375,099
Information Technology		707,162,097		2,108		—		707,164,205
Materials		244,592,823		—		—		244,592,823
Real Estate		40,843,056		—		—		40,843,056
Utilities		102,475,429		—		—		102,475,429
Preferred Stocks
Communication Services		500,525		—		—		500,525
Rights/Warrants
Consumer Discretionary		—		507		—		507
Temporary Cash Investments		73,082,216		—		—		73,082,216

U.S. MICRO CAP PORTFOLIO

CONTINUED


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Securities Lending Collateral		—	$	185,678,775		—	$	185,678,775
Futures Contracts**	$	12,236,689		—		—		12,236,689

TOTAL	$	4,889,376,898	$	186,260,801		—	$	5,075,637,699

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

See accompanying Notes to Financial Statements.

U.S. HIGH RELATIVE PROFITABILITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (98.5%)
COMMUNICATION SERVICES — (5.3%)
	Verizon Communications, Inc.		1,700,284	$	97,681,316		4.1	%
	Other Securities				29,958,011		1.3	%

TOTAL COMMUNICATION SERVICES					127,639,327		5.4	%

CONSUMER DISCRETIONARY — (15.5%)
*	Amazon.com, Inc.		47,408		117,287,392		5.0	%
	Best Buy Co., Inc.		173,951		13,347,260		0.6	%
*	Booking Holdings, Inc.		15,686		23,224,221		1.0	%
	Home Depot, Inc. (The)		125,512		27,591,303		1.2	%
	Lowe’s Cos., Inc.		186,559		19,542,055		0.8	%
	NIKE, Inc., Class B		391,800		34,157,124		1.4	%
	Target Corp.		189,023		20,743,384		0.9	%
	TJX Cos., Inc. (The)		441,827		21,671,614		0.9	%
	Other Securities				95,272,335		3.9	%

TOTAL CONSUMER DISCRETIONARY					372,836,688		15.7	%

CONSUMER STAPLES — (9.8%)
	Altria Group, Inc.		675,500		26,513,375		1.1	%
	Coca-Cola Co. (The)		1,224,839		56,207,862		2.4	%
	Costco Wholesale Corp.		54,131		16,401,693		0.7	%
	PepsiCo, Inc.		508,207		67,230,704		2.8	%
	Other Securities				68,341,175		2.9	%

TOTAL CONSUMER STAPLES					234,694,809		9.9	%

ENERGY — (0.6%)
	Other Securities				14,346,836		0.6	%

FINANCIALS — (2.6%)
	Aon P.L.C		63,237		10,919,133		0.5	%
	S&P Global, Inc.		54,563		15,980,411		0.7	%
	Other Securities				35,832,750		1.5	%

TOTAL FINANCIALS					62,732,294		2.7	%

HEALTH CARE — (14.7%)
	Amgen, Inc.		197,255		47,187,341		2.0	%
*	Biogen, Inc.		62,468		18,542,376		0.8	%
	Bristol-Myers Squibb Co.		434,126		26,399,202		1.1	%
	Eli Lilly and Co.		239,162		36,984,012		1.6	%
	Gilead Sciences, Inc.		182,157		15,301,188		0.6	%
	Johnson & Johnson		472,696		70,923,308		3.0	%
	Merck & Co., Inc.		1,011,829		80,278,513		3.4	%
	Zoetis, Inc.		106,746		13,803,325		0.6	%
	Other Securities				42,693,903		1.7	%

TOTAL HEALTH CARE					352,113,168		14.8	%

INDUSTRIALS — (13.3%)
	3M Co.		232,620		35,339,630		1.5	%
	Caterpillar, Inc.		206,885		24,077,276		1.0	%

U.S. HIGH RELATIVE PROFITABILITY PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
INDUSTRIALS — (Continued)
	Deere & Co.		80,356	$	11,656,441		0.5	%
	Honeywell International, Inc.		90,936		12,903,818		0.5	%
	Illinois Tool Works, Inc.		82,704		13,439,400		0.6	%
	Lockheed Martin Corp.		65,926		25,649,169		1.1	%
	Northrop Grumman Corp.		49,895		16,498,780		0.7	%
	Union Pacific Corp.		257,542		41,152,636		1.7	%
	United Parcel Service, Inc., Class B		161,075		15,247,359		0.6	%
	Waste Management, Inc.		127,112		12,713,742		0.5	%
	Other Securities				109,879,847		4.7	%

TOTAL INDUSTRIALS					318,558,098		13.4	%

INFORMATION TECHNOLOGY — (34.8%)
	Accenture P.L.C., Class A		158,415		29,336,874		1.2	%
	Apple, Inc.		378,678		111,255,596		4.7	%
	Automatic Data Processing, Inc.		148,405		21,769,529		0.9	%
	Cisco Systems, Inc.		1,055,026		44,712,002		1.9	%
	Intel Corp.		270,214		16,207,436		0.7	%
	International Business Machines Corp.		380,582		47,785,876		2.0	%
	Intuit, Inc.		74,476		20,094,370		0.8	%
	KLA Corp.		64,592		10,598,901		0.4	%
	Lam Research Corp.		47,988		12,250,377		0.5	%
	Mastercard, Inc., Class A		263,536		72,464,494		3.1	%
	Microsoft Corp.		609,153		109,166,309		4.6	%
	Oracle Corp.		876,259		46,415,439		2.0	%
	QUALCOMM, Inc.		338,410		26,622,715		1.1	%
	Texas Instruments, Inc.		359,547		41,732,620		1.8	%
	Visa, Inc., Class A		618,833		110,597,834		4.7	%
	Other Securities				114,549,883		4.8	%

TOTAL INFORMATION TECHNOLOGY					835,560,255		35.2	%

MATERIALS — (1.8%)
	Sherwin-Williams Co. (The)		24,610		13,200,066		0.6	%
	Other Securities				28,783,570		1.2	%

TOTAL MATERIALS					41,983,636		1.8	%

UTILITIES — (0.1%)
	Other Security				2,435,619		0.1	%

TOTAL COMMON STOCKS (Cost $2,194,023,554)					2,362,900,730		99.6	%

TEMPORARY CASH INVESTMENTS — (1.3%)
	State Street Institutional U.S. Government Money Market Fund, 0.216%		32,818,023		32,818,023		1.4	%

SECURITIES LENDING COLLATERAL — (0.2%)
@§	The DFA Short Term Investment Fund		373,107		4,317,224		0.1	%

TOTAL INVESTMENTS—(100.0%) (Cost $2,231,157,971)				$	2,400,035,977		101.1	%

U.S. HIGH RELATIVE PROFITABILITY PORTFOLIO

CONTINUED

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	127,639,327		—		—	$	127,639,327
Consumer Discretionary		372,836,688		—		—		372,836,688
Consumer Staples		234,694,809		—		—		234,694,809
Energy		14,346,836		—		—		14,346,836
Financials		62,732,294		—		—		62,732,294
Health Care		352,113,168		—		—		352,113,168
Industrials		318,558,098		—		—		318,558,098
Information Technology		835,560,255		—		—		835,560,255
Materials		41,983,636		—		—		41,983,636
Utilities		2,435,619		—		—		2,435,619
Temporary Cash Investments		32,818,023		—		—		32,818,023
Securities Lending Collateral		—	$	4,317,224		—		4,317,224

TOTAL	$	2,395,718,753	$	4,317,224		—	$	2,400,035,977

See accompanying Notes to Financial Statements.

DFA REAL ESTATE SECURITIES PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (97.1%)
REAL ESTATE — (97.1%)
	Alexandria Real Estate Equities, Inc.		1,072,838	$	168,532,121		2.0	%
	American Campus Communities, Inc.		1,194,813		42,164,951		0.5	%
	American Homes 4 Rent, Class A		2,362,581		57,032,705		0.7	%
	American Tower Corp.		3,527,239		839,482,882		9.7	%
	Apartment Investment & Management Co., Class A		1,296,033		48,821,563		0.6	%
	AvalonBay Communities, Inc.		1,228,366		200,162,240		2.3	%
	Boston Properties, Inc.		1,354,137		131,595,034		1.5	%
	Camden Property Trust.		850,985		74,946,249		0.9	%
	Crown Castle International Corp.		3,626,606		578,189,795		6.7	%
	CubeSmart		1,678,976		42,310,195		0.5	%
	CyrusOne, Inc.		1,001,992		70,289,739		0.8	%
#	Digital Realty Trust, Inc.		2,127,744		318,076,451		3.7	%
	Douglas Emmett, Inc.		1,447,450		44,132,750		0.5	%
	Duke Realty Corp.		3,214,020		111,526,494		1.3	%
	Equinix, Inc.		720,123		486,227,050		5.6	%
	Equity LifeStyle Properties, Inc		1,512,850		91,239,983		1.1	%
	Equity Residential		3,257,646		211,942,449		2.5	%
	Essex Property Trust, Inc.		575,996		140,600,624		1.6	%
	Extra Space Storage, Inc.		1,133,291		100,001,598		1.2	%
	Federal Realty Investment Trust		658,629		54,844,037		0.6	%
	First Industrial Realty Trust, Inc.		1,102,329		41,634,966		0.5	%
	Gaming and Leisure Properties, Inc.		1,786,731		50,457,283		0.6	%
#	Healthcare Trust of America, Inc., Class A		1,878,805		46,274,967		0.5	%
	Healthpeak Properties, Inc.		4,411,055		115,304,978		1.3	%
	Host Hotels & Resorts, Inc.		6,171,982		75,977,098		0.9	%
	Invitation Homes, Inc.		4,743,354		112,180,322		1.3	%
#	Iron Mountain, Inc.		2,512,428		60,750,509		0.7	%
	Kilroy Realty Corp.		981,256		61,092,999		0.7	%
#	Kimco Realty Corp.		3,751,153		40,925,079		0.5	%
	Lamar Advertising Co., Class A		747,637		43,101,273		0.5	%
	Medical Properties Trust, Inc.		4,543,228		77,870,928		0.9	%
	Mid-America Apartment Communities, Inc.		996,549		111,533,764		1.3	%
	National Retail Properties, Inc.		1,497,852		48,889,889		0.6	%
#	Omega Healthcare Investors, Inc.		1,975,878		57,596,844		0.7	%
	Prologis, Inc.		6,444,341		575,028,547		6.7	%
	Public Storage		1,386,970		257,213,586		3.0	%
	Realty Income Corp.		2,997,993		164,649,776		1.9	%
	Regency Centers Corp.		1,464,709		64,315,372		0.7	%
	Rexford Industrial Realty, Inc.		988,248		40,241,459		0.5	%
	SBA Communications Corp.		987,188		286,205,545		3.3	%
	Simon Property Group, Inc.		2,679,805		178,930,580		2.1	%
	STORE Capital Corp.		2,011,992		40,380,679		0.5	%
	Sun Communities, Inc.		815,949		109,663,546		1.3	%
	UDR, Inc.		2,572,914		96,407,088		1.1	%
	Ventas, Inc.		3,260,160		105,466,176		1.2	%
	VEREIT, Inc.		9,353,125		51,255,125		0.6	%
	Vornado Realty Trust		1,495,933		65,551,784		0.8	%
	Welltower, Inc.		3,585,719		183,696,384		2.1	%
	WP Carey, Inc.		1,506,339		99,086,979		1.2	%

DFA REAL ESTATE SECURITIES PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
REAL ESTATE — (Continued)
	Other Securities			$	1,379,082,290		15.8	%

TOTAL COMMON STOCKS (Cost $6,542,802,770)					8,452,884,725		98.1	%

TEMPORARY CASH INVESTMENTS — (1.5%)
	State Street Institutional U.S. Government Money Market Fund, 0.216%		134,530,150		134,530,150		1.5	%

SECURITIES LENDING COLLATERAL — (1.4%)
@§	The DFA Short Term Investment Fund		10,393,978		120,268,714		1.4	%

TOTAL INVESTMENTS—(100.0%) (Cost $6,797,566,786)				$	8,707,683,589		101.0	%

As of April 30, 2020, DFA Real Estate Securities Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		1,000		06/19/20	$	124,961,641	$	145,120,000	$	20,158,359

Total Futures Contracts					$	124,961,641	$	145,120,000	$	20,158,359

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Real Estate	$	8,452,551,938	$	332,787		—	$	8,452,884,725
Temporary Cash Investments		134,530,150		—		—		134,530,150
Securities Lending Collateral		—		120,268,714		—		120,268,714
Futures Contracts**		20,158,359		—		—		20,158,359

TOTAL	$	8,607,240,447	$	120,601,501		—	$	8,727,841,948

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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


	Enhanced U.S.
	Large			U.S. Large Cap
	Company			Equity		U.S. Large Cap		U.S. Targeted
	Portfolio*			Portfolio*		Value Portfolio		Value Portfolio*
ASSETS:
Investments in Affiliated Investment Companies at Value		—			—	$	19,576,238		—
Investment Securities at Value (including $568, $21,929, $0 and $741,712 of securities on loan, respectively)	$	364,316		$	1,510,354		—	$	8,237,686
Temporary Cash Investments at Value & Cost		—			4,782		—		175,545
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $583, $9,665, $0 and $378,762, respectively)		583			9,667		—		378,827
Segregated Cash for Futures Contracts		—			—		—		12,852
Foreign Currencies at Value		17			—		—		—
Cash		24,380			—		—		77
Receivables:
Investment Securities Sold		—			922		—		18,995
Dividends and Interest		1,803			1,242		—		3,468
Securities Lending Income		—			7		—		519
Fund Shares Sold		234			1,301		13,212		21,325
Unrealized Gain on Forward Currency Contracts		442			—		—		—
Prepaid Expenses and Other Assets		70			41		116		117

Total Assets		391,845			1,528,316		19,589,566		8,849,411

LIABILITIES:
Payables:
Upon Return of Securities Loaned		582			9,672		—		379,007
Investment Securities Purchased		17,803			969		—		39,787
Fund Shares Redeemed		342			10,453		40,115		15,813
Due to Advisor		26			141		1,974		2,018
Futures Margin Variation.		4,889			—		—		2,067
Unrealized Loss on Forward Currency Contracts		1,183			—		—		—
Accrued Expenses and Other Liabilities		57			143		1,029		988

Total Liabilities		24,882			21,378		43,118		439,680

NET ASSETS	$	366,963		$	1,506,938	$	19,546,448	$	8,409,731

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Class R1 Shares — based on net assets of $0; $0; $0 and $36,047 and shares outstanding of 0, 0, 0 and 2,218,587, respectively		N/A			N/A		N/A	$	16.25

NUMBER OF SHARES AUTHORIZED		N/A			N/A		N/A		200,000,000

Class R2 Shares — based on net assets of $0; $0; $0 and $39,141 and shares outstanding of 0, 0, 0 and 2,421,063, respectively		N/A			N/A		N/A	$	16.17

NUMBER OF SHARES AUTHORIZED		N/A			N/A		N/A		200,000,000

Institutional Class Shares — based on net assets of $366,963; $1,506,938; $19,546,448 and $8,334,543 and shares outstanding of 29,897,868, 86,043,451, 657,491,772 and 512,898,884, respectively	$	12.27		$	17.51	$	29.73	$	16.25

NUMBER OF SHARES AUTHORIZED		1,000,000,000			1,000,000,000		4,000,000,000		1,500,000,000

Investment Securities at Cost	$	366,587		$	1,102,550		N/A	$	9,604,611

Foreign Currencies at Cost	$	17		$	—	$	—	$	—

NET ASSETS CONSIST OF:
Paid-In Capital	$	384,484		$	1,116,664	$	17,465,857	$	9,908,452
Total Distributable Earnings (Loss)		(17,521	)		390,274		2,080,591		(1,498,721	)

NET ASSETS	$	366,963		$	1,506,938	$	19,546,448	$	8,409,731

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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


				U.S. Core		U.S. Core		U.S. Vector
	U.S. Small Cap			Equity 1		Equity 2		Equity
	Value Portfolio*			Portfolio*		Portfolio*		Portfolio*
ASSETS:
Investment Securities at Value (including $684,635, $1,090,985, $1,526,457 and $190,707 of securities on loan, respectively)	$	10,214,590		$	22,704,774	$	24,027,740	$	3,489,222
Temporary Cash Investments at Value & Cost		183,841			343,747		387,879		62,541
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $296,550, $504,138, $782,065 and $84,765, respectively)		296,635			504,222		782,176		84,787
Segregated Cash for Futures Contracts		15,456			30,240		33,960		4,440
Receivables:
Investment Securities Sold		19,550			85,225		64,209		23,512
Dividends and Interest		3,775			17,799		16,957		2,072
Securities Lending Income.		932			614		817		133
Fund Shares Sold		15,864			14,006		17,966		2,053
Prepaid Expenses and Other Assets		120			146		141		36

Total Assets		10,750,763			23,700,773		25,331,845		3,668,796

LIABILITIES:
Payables:
Upon Return of Securities Loaned		296,542			504,474		782,420		84,817
Investment Securities Purchased		5,509			5,408		—		19,362
Fund Shares Redeemed		14,811			40,599		42,736		3,090
Due to Advisor		3,663			2,491		3,207		754
Futures Margin Variation		2,486			4,863		5,462		714
Accrued Expenses and Other Liabilities		1,483			1,721		1,988		432

Total Liabilities		324,494			559,556		835,813		109,169

NET ASSETS	$	10,426,269		$	23,141,217	$	24,496,032	$	3,559,627

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $10,426,269; $23,141,217; $24,496,032 and $3,559,627 and shares outstanding of 430,026,629, 1,044,220,980, 1,227,698,135 and 236,654,081, respectively	$	24.25		$	22.16	$	19.95	$	15.04

NUMBER OF SHARES AUTHORIZED		3,400,000,000			3,000,000,000		4,600,000,000		2,000,000,000

Investment Securities at Cost	$	10,944,767		$	15,756,295	$	17,079,648	$	2,712,285

NET ASSETS CONSIST OF:
Paid-In Capital	$	11,396,979		$	16,159,982	$	17,529,241	$	2,784,040
Total Distributable Earnings (Loss)		(970,710	)		6,981,235		6,966,791		775,587

NET ASSETS	$	10,426,269		$	23,141,217	$	24,496,032	$	3,559,627

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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


					U.S. High		DFA Real
					Relative		Estate
	U.S. Small Cap		U.S. Micro Cap		Profitability		Securities
	Portfolio*		Portfolio*		Portfolio*		Portfolio*
ASSETS:
Investment Securities at Value (including $1,361,580, $354,686, $10,296 and $233,147 of securities on loan, respectively)	$	12,769,208	$	4,804,640	$	2,362,901	$	8,452,885
Temporary Cash Investments at Value & Cost		234,065		73,082		32,818		134,530
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $643,880, $185,632, $4,316 and $120,234, respectively)		643,992		185,679		4,317		120,269
Segregated Cash for Futures Contracts		19,872		6,888		—		12,000
Receivables:
Investment Securities Sold		7,661		4,711		—		8,000
Dividends and Interest		3,164		1,737		2,136		5,251
Securities Lending Income		1,019		443		6		114
Fund Shares Sold		12,916		7,030		9,997		26,256
Prepaid Expenses and Other Assets		88		60		66		82

Total Assets		13,691,985		5,084,270		2,412,241		8,759,387

LIABILITIES:
Payables:
Upon Return of Securities Loaned		644,286		185,645		4,327		120,394
Investment Securities Purchased		6,671		—		30,924		—
Fund Shares Redeemed		21,193		7,346		3,459		16,221
Due to Advisor		3,184		1,740		376		1,102
Futures Margin Variation		3,196		1,108		—		1,930
Accrued Expenses and Other Liabilities		1,375		651		110		781

Total Liabilities		679,905		196,490		39,196		140,428

NET ASSETS	$	13,012,080	$	4,887,780	$	2,373,045	$	8,618,959

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $13,012,080; $4,887,780; $2,373,045 and $8,618,959 and shares outstanding of 486,183,301, 305,705,679, 179,982,766 and 252,803,281, respectively	$	26.76	$	15.99	$	13.18	$	34.09

NUMBER OF SHARES AUTHORIZED		2,000,000,000		3,000,000,000		500,000,000		1,700,000,000

Investment Securities at Cost	$	12,188,896	$	4,142,170	$	2,194,024	$	6,542,803

NET ASSETS CONSIST OF:
Paid-In Capital	$	12,797,484	$	4,284,906	$	2,209,241	$	6,771,727
Total Distributable Earnings (Loss)		214,596		602,874		163,804		1,847,232

NET ASSETS	$	13,012,080	$	4,887,780	$	2,373,045	$	8,618,959

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	Enhanced U.S.
	Large			U.S. Large Cap
	Company			Equity			U.S. Large Cap			U.S. Targeted
	Portfolio^#			Portfolio^#			Value Portfolio*			Value Portfolio^#
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies
Dividends (Net of Foreign Taxes Withheld of $0, $0, $0 and $0, respectively)		—			—		$	310,309			—
Income from Securities Lending		—			—			640			—
Expenses Allocated from Affiliated Investment Companies		—			—			(12,856	)		—

Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		—			—			298,093			—

Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $0, $0, $0 and $98, respectively)		—		$	15,644			—		$	96,675
Interest	$	2,292			—			—			—
Income from Securities Lending		1			39			—			3,578

Total Fund Investment Income		2,293			15,683			—			100,253

Fund Expenses
Investment Management Fees		336			1,109			29,115			16,935
Accounting & Transfer Agent Fees		40			173			1,699			668
S&P 500^® Fees		3			—			—			—
Custodian Fees		8			12			—			69
Shareholder Servicing Fees
Class R1 Shares		—			—			—			22
Class R2 Shares		—			—			—			69
Filing Fees		44			36			166			198
Shareholders’ Reports		12			21			329			226
Directors’/Trustees’ Fees & Expenses		1			4			65			27
Professional Fees		3			11			22			72
Other		1			17			(92	)		63

Total Fund Expenses		448			1,383			31,304			18,349

Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		(161	)		—			(11,908	)		—

Net Expenses		287			1,383			19,396			18,349

Net Investment Income (Loss)		2,006			14,300			278,697			81,904

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		(4,951	)		(18,510	)		—			(136,034	)
Affiliated Investment Companies Shares Sold		—			(3	)		—			(110	)
Transactions Allocated from Affiliated Investment Company**		—			—			(213,933	)		—
Futures		14,655			170			—			(14,522	)
Foreign Currency Transactions		(19	)		—			—			—
Forward Currency Contracts		4,364			—			—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(2,140	)		(62,958	)		—			(2,485,900	)
Affiliated Investment Companies Shares		—			—			—			(38	)
Transactions Allocated from Affiliated Investment Company		—			—			(4,388,631	)		—
Futures		(31,965	)		—			—			20,902
Translation of Foreign Currency-Denominated Amounts		(16	)		—			—			—
Forward Currency Contracts		1,799			—			—			—

Net Realized and Unrealized Gain (Loss)		(18,273	)		(81,301	)		(4,602,564	)		(2,615,702	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(16,267	)	$	(67,001	)	$	(4,323,867	)	$	(2,533,798	)

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

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


				U.S. Core			U.S. Core			U.S. Vector
	U.S. Small Cap			Equity 1			Equity 2			Equity
	Value Portfolio^#			Portfolio^#			Portfolio^#			Portfolio^#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $162, $27, $37 and $16, respectively)	$	120,690		$	253,735		$	256,936		$	40,700
Income from Securities Lending		4,788			3,775			4,811			1,070

Total Investment Income		125,478			257,510			261,747			41,770

Expenses
Investment Management Fees		30,767			20,724			25,629			6,244
Accounting & Transfer Agent Fees		1,092			2,372			2,235			427
Custodian Fees		82			135			141			27
Filing Fees		174			255			321			35
Shareholders’ Reports		287			213			230			75
Directors’/Trustees’ Fees & Expenses		35			66			69			12
Professional Fees		96			165			173			30
Other		83			102			109			27

Total Expenses		32,616			24,032			28,907			6,877

Net Expenses		32,616			24,032			28,907			6,877

Net Investment Income (Loss)		92,862			233,478			232,840			34,893

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		(246,013	)		(19,542	)		(39,354	)		(9,437	)
Affiliated Investment Companies Shares Sold		89			(212	)		(285	)		—
Futures		(283	)		(32,427	)		(29,413	)		(4,064	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(2,990,303	)		(2,431,056	)		(2,689,203	)		(794,723	)
Affiliated Investment Companies Shares		(47	)		(54	)		(35	)		(11	)
Futures		17,884			47,820			48,463			7,276

Net Realized and Unrealized Gain (Loss)		(3,218,673	)		(2,435,471	)		(2,709,827	)		(800,959	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(3,125,811	)	$	(2,201,993	)	$	(2,476,987	)	$	(766,066	)

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	U.S. Small Cap Portfolio^#			U.S. Micro Cap Portfolio^#			U.S. High Relative Profitability Portfolio^#			DFA Real Estate Securities Portfolio^#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $58, $37, $0 and $0, respectively)	$	120,948		$	44,416		$	18,971		$	188,226
Income from Securities Lending		6,796			2,506			24			845

Total Investment Income		127,744			46,922			18,995			189,071

Fund Expenses
Investment Management Fees		27,070			14,537			1,887			8,368
Accounting & Transfer Agent Fees		1,127			529			191			817
Custodian Fees		95			43			11			51
Filing Fees		120			79			165			65
Shareholders’ Reports		259			101			20			193
Directors’/Trustees’ Fees & Expenses		44			16			4			25
Professional Fees		116			43			9			64
Other		97			37			1			27

Total Fund Expenses		28,928			15,385			2,288			9,610

Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		—			—			70			(750	)

Net Expenses		28,928			15,385			2,358			8,860

Net Investment Income (Loss)		98,816			31,537			16,637			180,211

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		(344,087	)		(64,267	)		1,791			(67,827	)
Affiliated Investment Companies Shares Sold		(56	)		39			(6	)		(43	)
Futures		(17,109	)		(3,987	)		(256	)		(13,233	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(2,776,850	)		(1,308,726	)		(15,022	)		(2,001,859	)
Affiliated Investment Companies Shares		(96	)		(23	)		—			10
Futures		26,653			11,182			—			19,252

Net Realized and Unrealized Gain (Loss)		(3,111,545	)		(1,365,782	)		(13,493	)		(2,063,700	)

Net Increase (Decrease) in Net Assets Resulting from Operations.	$	(3,012,729	)	$	(1,334,245	)	$	3,144		$	(1,883,489	)

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	Enhanced U.S. Large Company Portfolio						U.S. Large Cap Equity Portfolio						U.S. Large Cap Value Portfolio***
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	2,006		$	6,515		$	14,300		$	27,544		$	278,697		$	583,994
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(4,951	)		(598	)		(18,510	)		7,768			—			—
Affiliated Investment Companies Shares Sold		—			—			(3	)		(1	)		—			—
Transactions Allocated from Affiliated Investment Company,*		—			—			—			—			(213,933	)		567,299
Futures		14,655			3,117			170			1,076			—			—
Foreign Currency Transactions		(19	)		(22	)		—			—			—			—
Forward Currency Contracts		4,364			4,580			—			—			—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(2,140	)		4,904			(62,958	)		161,776			—			—
Affiliated Investment Companies Shares		—			—			—			1			—			—
Transactions Allocated from Affiliated Investment Company		—			—			—			—			(4,388,631	)		520,416
Futures		(31,965	)		32,621			—			—			—			—
Translation of Foreign Currency-Denominated Amounts		(16	)		17			—			—			��			—
Forward Currency Contracts		1,799			(2,987	)		—			—			—			—

Net Increase (Decrease) in Net Assets Resulting from Operations		(16,267	)		48,147			(67,001	)		198,164			(4,323,867	)		1,671,709

Distributions:
Institutional Class Shares		(34,948	)		(20,957	)		(16,190	)		(27,532	)		(796,858	)		(1,739,287	)
Capital Share Transactions (1):
Shares Issued		62,135			119,988			350,974			528,889			3,475,776			4,897,413
Shares Issued in Lieu of Cash Distributions		34,917			20,897			14,666			25,154			748,744			1,640,106
Shares Redeemed		(65,624	)		(108,388	)		(387,040	)		(570,364	)		(5,213,924	)		(6,081,700	)

Net Increase (Decrease) from Capital Share Transactions		31,428			32,497			(21,400	)		(16,321	)		(989,404	)		455,819

Total Increase (Decrease) in Net Assets		(19,787	)		59,687			(104,591	)		154,311			(6,110,129	)		388,241
Net Assets
Beginning of Period		386,750			327,063			1,611,529			1,457,218			25,656,577			25,268,336

End of Period	$	366,963		$	386,750		$	1,506,938		$	1,611,529		$	19,546,448		$	25,656,577

(1) Shares Issued and Redeemed:
Shares Issued		4,939			9,070			20,315			31,151			111,015			139,726
Shares Issued in Lieu of Cash Distributions		2,583			1,778			826			1,470			20,973			49,108
Shares Redeemed		(5,215	)		(8,366	)		(21,688	)		(33,043	)		(165,487	)		(173,229	)

Net Increase (Decrease) from Shares Issued and Redeemed		2,307			2,482			(547	)		(422	)		(33,499	)		15,605

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

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	U.S. Targeted Value Portfolio						U.S. Small Cap Value Portfolio						U.S. Core Equity 1 Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	81,904		$	152,032		$	92,862		$	176,818		$	233,478		$	428,002
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(136,034	)		294,019			(246,013	)		252,390			(19,542	)		426,686
Affiliated Investment Companies Shares Sold		(110	)		(25	)		89			(15	)		(212	)		(10	)
Futures		(14,522	)		2,964			(283	)		2,914			(32,427	)		18,158
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(2,485,900	)		(345,890	)		(2,990,303	)		(894,215	)		(2,431,056	)		1,821,725
Affiliated Investment Companies Shares		(38	)		76			(47	)		92			(54	)		121
Futures		20,902			5,420			17,884			2,943			47,820			7,258

Net Increase (Decrease) in Net Assets Resulting from Operations		(2,533,798	)		108,596			(3,125,811	)		(459,073	)		(2,201,993	)		2,701,940

Distributions:
Class R1 Shares		(1,554	)		(2,513	)		—			—			—			—
Class R2 Shares		(2,063	)		(5,135	)		—			—			—			—
Institutional Class Shares		(347,368	)		(551,618	)		(322,021	)		(938,132	)		(647,697	)		(571,432	)

Total Distributions		(350,985	)		(559,266	)		(322,021	)		(938,132	)		(647,697	)		(571,432	)

Capital Share Transactions (1):
Shares Issued		2,087,724			2,637,809			2,894,475			3,592,295			3,428,095			5,380,108
Shares Issued in Lieu of Cash Distributions		333,177			530,049			292,112			853,450			634,035			558,896
Shares Redeemed		(1,910,758	)		(2,395,979	)		(3,078,999	)		(4,014,642	)		(4,663,281	)		(5,107,180	)

Net Increase (Decrease) from Capital Share Transactions		510,143			771,879			107,588			431,103			(601,151	)		831,824

Total Increase (Decrease) in Net Assets		(2,374,640	)		321,209			(3,340,244	)		(966,102	)		(3,450,841	)		2,962,332
Net Assets
Beginning of Period		10,784,371			10,463,162			13,766,513			14,732,615			26,592,058			23,629,726

End of Period	$	8,409,731		$	10,784,371		$	10,426,269		$	13,766,513		$	23,141,217		$	26,592,058

(1) Shares Issued and Redeemed:
Shares Issued		126,929			121,444			118,504			110,892			155,856			236,496
Shares Issued in Lieu of Cash Distributions		15,447			25,877			8,931			27,705			26,025			25,053
Shares Redeemed		(108,314	)		(109,962	)		(117,208	)		(123,617	)		(213,678	)		(223,481	)

Net Increase (Decrease) from Shares Issued and Redeemed		34,062			37,359			10,227			14,980			(31,797	)		38,068

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	U.S. Core Equity 2 Portfolio						U.S. Vector Equity Portfolio						U.S. Small Cap Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	232,840		$	439,783		$	34,893		$	68,989		$	98,816		$	193,190
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(39,354	)		599,875			(9,437	)		79,679			(344,087	)		442,056
Affiliated Investment Companies
Shares Sold		(285	)		(16	)		—			(8	)		(56	)		19
Futures		(29,413	)		12,596			(4,064	)		5,143			(17,109	)		6,738
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(2,689,203	)		1,487,083			(794,723	)		107,790			(2,776,850	)		(403,731	)
Affiliated Investment Companies Shares		(35	)		119			(11	)		24			(96	)		172
Futures		48,463			11,243			7,276			(433	)		26,653			5,348

Net Increase (Decrease) in Net Assets Resulting from Operations		(2,476,987	)		2,550,683			(766,066	)		261,184			(3,012,729	)		243,792

Distributions:
Institutional Class Shares		(809,320	)		(706,196	)		(111,558	)		(171,794	)		(499,839	)		(770,283	)
Capital Share Transactions (1):
Shares Issued		3,524,152			5,306,857			695,786			1,046,904			1,965,569			3,562,046
Shares Issued in Lieu of Cash Distributions		790,387			689,550			104,370			161,116			473,623			729,294
Shares Redeemed		(4,361,355	)		(4,689,389	)		(946,517	)		(1,324,567	)		(3,307,039	)		(3,675,805	)

Net Increase (Decrease) from Capital Share Transactions		(46,816	)		1,307,018			(146,361	)		(116,547	)		(867,847	)		615,535

Total Increase (Decrease) in Net Assets		(3,333,123	)		3,151,505			(1,023,985	)		(27,157	)		(4,380,415	)		89,044
Net Assets
Beginning of Period		27,829,155			24,677,650			4,583,612			4,610,769			17,392,495			17,303,451

End of Period	$	24,496,032		$	27,829,155		$	3,559,627		$	4,583,612		$	13,012,080		$	17,392,495

(1) Shares Issued and Redeemed:
Shares Issued		181,884			253,504			47,885			59,429			71,373			109,061
Shares Issued in Lieu of Cash Distributions		35,250			33,907			5,726			9,622			14,212			23,700
Shares Redeemed		(217,408	)		(220,975	)		(61,944	)		(74,594	)		(113,999	)		(112,260	)

Net Increase (Decrease) from Shares Issued and Redeemed		(274	)		66,436			(8,333	)		(5,543	)		(28,414	)		20,501

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	U.S. Micro Cap Portfolio						U.S. High Relative Profitability Portfolio						DFA Real Estate Securities Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	31,537		$	62,058		$	16,637		$	20,045		$	180,211		$	131,211
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(64,267	)		138,583			1,791			(7,380	)		(67,827	)		145,222
Affiliated Investment Companies Shares Sold		39			(10	)		(6	)		(1	)		(43	)		(19	)
Futures		(3,987	)		(1,815	)		(256	)		(52	)		(13,233	)		(1,177	)
In-Kind Redemptions		—			—			—			—			—			50,622
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(1,308,726	)		(192,068	)		(15,022	)		174,344			(2,001,859	)		1,820,026
Affiliated Investment Companies Shares		(23	)		55			—			1			10			20
Futures		11,182			3,769			—			—			19,252			1,373

Net Increase (Decrease) in Net Assets Resulting from Operations		(1,334,245	)		10,572			3,144			186,957			(1,883,489	)		2,147,278

Distributions:
Institutional Class Shares		(160,924	)		(310,436	)		(15,049	)		(18,698	)		(167,599	)		(212,725	)
Capital Share Transactions (1):
Shares Issued		869,461			1,191,565			962,933			1,044,168			1,433,354			2,154,389
Shares Issued in Lieu of Cash Distributions		148,360			286,363			15,040			18,687			142,920			176,698
Shares Redeemed		(986,171	)		(1,305,081	)		(296,325	)		(250,540	)		(1,577,664	)		(2,171,861	)

Net Increase (Decrease) from Capital Share Transactions.		31,650			172,847			681,648			812,315			(1,390	)		159,226

Total Increase (Decrease) in Net Assets		(1,463,519	)		(127,017	)		669,743			980,574			(2,052,478	)		2,093,779
Net Assets
Beginning of Period		6,351,299			6,478,316			1,703,302			722,728			10,671,437			8,577,658

End of Period	$	4,887,780		$	6,351,299		$	2,373,045		$	1,703,302		$	8,618,959		$	10,671,437

(1) Shares Issued and Redeemed:
Shares Issued		53,044			59,202			75,788			84,124			39,782			57,187
Shares Issued in Lieu of Cash Distributions		7,169			15,096			1,162			1,503			3,808			4,909
Shares Redeemed		(60,121	)		(64,786	)		(23,030	)		(20,561	)		(45,483	)		(58,685	)

Net Increase (Decrease) from Shares Issued and Redeemed		92			9,512			53,920			65,066			(1,893	)		3,411

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	Enhanced U.S. Large Company Portfolio																		U.S. Large Cap Equity Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	14.02		$	13.03		$	14.54		$	12.22		$	12.54		$	13.65		$	18.61		$	16.75		$	15.93		$	13.06		$	12.86		$	12.65

Income from Investment Operations (A)
Net Investment Income (Loss)		0.07			0.26			0.26			0.18			0.10			0.07			0.17			0.31			0.28			0.26			0.25			0.23
Net Gains (Losses) on Securities (Realized and Unrealized)		(0.57	)		1.60			0.52			2.63			0.45			0.53			(1.09	)		1.86			0.81			2.87			0.19			0.21

Total from Investment Operations		(0.50	)		1.86			0.78			2.81			0.55			0.60			(0.92	)		2.17			1.09			3.13			0.44			0.44

Less Distributions:
Net Investment Income		(0.11	)		(0.30	)		(0.25	)		(0.13	)		(0.08	)		(0.05	)		(0.15	)		(0.31	)		(0.27	)		(0.26	)		(0.24	)		(0.21	)
Net Realized Gains		(1.14	)		(0.57	)		(2.04	)		(0.36	)		(0.79	)		(1.66	)		(0.03	)		—			—			—			—			(0.02	)

Total Distributions		(1.25	)		(0.87	)		(2.29	)		(0.49	)		(0.87	)		(1.71	)		(0.18	)		(0.31	)		(0.27	)		(0.26	)		(0.24	)		(0.23	)

Net Asset Value, End of Period	$	12.27		$	14.02		$	13.03		$	14.54		$	12.22		$	12.54		$	17.51		$	18.61		$	16.75		$	15.93		$	13.06		$	12.86

Total Return		(4.39	%)(B)		15.67	%		5.62	%		23.53	%		4.75	%		5.25	%		(4.92	%)(B)		13.13	%		6.82	%		24.16	%		3.51	%		3.49	%

Net Assets, End of Period (thousands)	$	366,963		$	386,750		$	327,063		$	322,347		$	238,413		$	203,641		$	1,506,938		$	1,611,529		$	1,457,218		$	1,212,883		$	851,323		$	699,144
Ratio of Expenses to Average Net Assets		0.15	%(C)		0.15	%		0.15	%		0.18	%		0.23	%		0.24	%		0.18	%(C)		0.19	%		0.17	%		0.17	%		0.18	%		0.19	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))		0.23	%(C)		0.25	%		0.23	%		0.24	%		0.24	%		0.24	%		0.18	%(C)		0.19	%		0.17	%		0.17	%		0.17	%		0.19	%
Ratio of Net Investment Income to Average Net Assets		1.05	%(C)		1.98	%		1.94	%		1.36	%		0.80	%		0.53	%		1.81	%(C)		1.77	%		1.64	%		1.74	%		1.99	%		1.77	%
Portfolio Turnover Rate		57	%(B)		109	%		91	%		122	%		119	%		223	%		12	%(B)		22	%		7	%		11	%		12	%		12	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	U.S. Large Cap Value Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)
Net Asset Value, Beginning of Period	$	37.13		$	37.41		$	38.84		$	32.63		$	33.27		$	33.75

Income from Investment Operations (A)
Net Investment Income (Loss)		0.41			0.83			0.78			0.74			0.70			0.69
Net Gains (Losses) on Securities (Realized and Unrealized)		(6.65	)		1.45			0.35			6.99			0.71			(0.32	)

Total from Investment Operations		(6.24	)		2.28			1.13			7.73			1.41			0.37

Less Distributions:
Net Investment Income		(0.35	)		(0.76	)		(0.73	)		(0.70	)		(0.70	)		(0.66	)
Net Realized Gains		(0.81	)		(1.80	)		(1.83	)		(0.82	)		(1.35	)		(0.19	)

Total Distributions		(1.16	)		(2.56	)		(2.56	)		(1.52	)		(2.05	)		(0.85	)

Net Asset Value, End of Period	$	29.73		$	37.13		$	37.41		$	38.84		$	32.63		$	33.27

Total Return		(17.30	%)(B)		6.97	%		2.79	%		24.11	%		4.58	%		1.16	%

Net Assets, End of Period (thousands)	$	19,546,448		$	25,656,577		$	25,268,336		$	23,732,871		$	17,673,253		$	15,807,935
Ratio of Expenses to Average Net Assets (D)		0.27	%(C)		0.28	%		0.27	%		0.27	%		0.27	%		0.27	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed),and/or Previously Waived Fees Recovered by Advisor) (D)		0.37	%(C)		0.38	%		0.37	%		0.37	%		0.37	%		0.30	%
Ratio of Net Investment Income to Average Net Assets		2.34	%(C)		2.33	%		1.98	%		2.03	%		2.24	%		2.04	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	U.S. Targeted Value Portfolio-Class R1 Shares
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)
Net Asset Value, Beginning of Period	$	22.30		$	23.45		$	25.15		$	21.26		$	21.58		$	23.19

Income from Investment Operations(A)
Net Investment Income (Loss)		0.16			0.30			0.28			0.25			0.24			0.26
Net Gains (Losses) on Securities (Realized and Unrealized)		(5.49	)		(0.24	)		(0.63	)		4.66			0.60			(0.61	)

Total from Investment Operations		(5.33	)		0.06			(0.35	)		4.91			0.84			(0.35	)

Less Distributions:
Net Investment Income		(0.15	)		(0.27	)		(0.26	)		(0.24	)		(0.27	)		(0.25	)
Net Realized Gains		(0.57	)		(0.94	)		(1.09	)		(0.78	)		(0.89	)		(1.01	)

Total Distributions		(0.72	)		(1.21	)		(1.35	)		(1.02	)		(1.16	)		(1.26	)

Net Asset Value, End of Period	$	16.25		$	22.30		$	23.45		$	25.15		$	21.26		$	21.58

Total Return		(24.71	%)(B)		0.78	%		(1.61	%)		23.32	%		4.21	%		(1.33	%)

Net Assets, End of Period (thousands)	$	36,047		$	56,378		$	47,848		$	54,960		$	35,661		$	40,159
Ratio of Expenses to Average Net Assets		0.47	%(C)		0.48	%		0.47	%		0.47	%		0.47	%		0.47	%
Ratio of Net Investment Income to Average Net Assets		1.58	%(C)		1.34	%		1.10	%		1.03	%		1.16	%		1.15	%
Portfolio Turnover Rate		8	%(B)		16	%		23	%		23	%		28	%		15	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	U.S. Targeted Value Portfolio-Class R2 Shares
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)
Net Asset Value, Beginning of Period	$	22.18		$	23.32		$	25.03		$	21.16		$	21.51		$	23.12

Income from Investment Operations(A)
Net Investment Income (Loss)		0.14			0.27			0.24			0.21			0.20			0.23
Net Gains (Losses) on Securities (Realized and Unrealized)		(5.45	)		(0.23	)		(0.63	)		4.65			0.60			(0.61	)

Total from Investment Operations.		(5.31	)		0.04			(0.39	)		4.86			0.80			(0.38	)

Less Distributions:
Net Investment Income		(0.13	)		(0.24	)		(0.23	)		(0.21	)		(0.26	)		(0.22	)
Net Realized Gains		(0.57	)		(0.94	)		(1.09	)		(0.78	)		(0.89	)		(1.01	)

Total Distributions		(0.70	)		(1.18	)		(1.32	)		(0.99	)		(1.15	)		(1.23	)

Net Asset Value, End of Period	$	16.17		$	22.18		$	23.32		$	25.03		$	21.16		$	21.51

Total Return		(24.75	%)(B)		0.64	%		(1.79	%)		23.17	%		4.04	%		(1.49	%)

Net Assets, End of Period (thousands)	$	39,141		$	72,669		$	108,168		$	156,809		$	147,945		$	135,412
Ratio of Expenses to Average Net Assets		0.62	%(C)		0.63	%		0.62	%		0.62	%		0.62	%		0.63	%
Ratio of Net Investment Income to Average Net Assets		1.43	%(C)		1.21	%		0.95	%		0.90	%		1.00	%		1.02	%
Portfolio Turnover Rate		8	%(B)		16	%		23	%		23	%		28	%		15	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	U.S. Targeted Value Portfolio-Institutional Class Shares
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)
Net Asset Value, Beginning of Period	$	22.31		$	23.46		$	25.16		$	21.26		$	21.56		$	23.16

Income (loss) from Investment Operations(A)
Net Investment Income (Loss)		0.17			0.32			0.30			0.27			0.25			0.29
Net Gains (Losses) on Securities (Realized and Unrealized)		(5.50	)		(0.23	)		(0.63	)		4.67			0.60			(0.61	)

Total from Investment Operations		(5.33	)		0.09			(0.33	)		4.94			0.85			(0.32	)

Less Distributions:
Net Investment Income		(0.16	)		(0.30	)		(0.28	)		(0.26	)		(0.26	)		(0.27	)
Net Realized Gains		(0.57	)		(0.94	)		(1.09	)		(0.78	)		(0.89	)		(1.01	)

Total Distributions		(0.73	)		(1.24	)		(1.37	)		(1.04	)		(1.15	)		(1.28	)

Net Asset Value, End of Period	$	16.25		$	22.31		$	23.46		$	25.16		$	21.26		$	21.56

Total Return		(24.69	%)(B)		0.88	%		(1.52	%)		23.46	%		4.29	%		(1.20	%)

Net Assets, End of Period (thousands)	$	8,334,543		$	10,655,324		$	10,307,146		$	10,528,662		$	7,884,683		$	6,987,896
Ratio of Expenses to Average Net Assets		0.37	%(C)		0.38	%		0.37	%		0.37	%		0.37	%		0.37	%
Ratio of Net Investment Income to Average Net Assets		1.67	%(C)		1.45	%		1.20	%		1.13	%		1.24	%		1.28	%
Portfolio Turnover Rate.		8	%(B)		16	%		23	%		23	%		28	%		15	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	U.S. Small Cap Value Portfolio																		U.S. Core Equity 1 Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	32.79		$	36.39		$	39.07		$	32.75		$	33.08		$	35.82		$	24.71		$	22.77		$	22.01		$	18.00		$	17.90		$	17.71

Income from Investment Operations (A)
Net Investment Income (Loss)		0.22			0.42			0.39			0.31			0.32			0.41			0.22			0.40			0.36			0.33			0.33			0.31
Net Gains (Losses) on Securities (Realized and Unrealized)		(7.98	)		(1.69	)		(0.90	)		7.71			1.06			(1.44	)		(2.16	)		2.08			0.88			4.12			0.30			0.26

Total from Investment Operations		(7.76	)		(1.27	)		(0.51	)		8.02			1.38			(1.03	)		(1.94	)		2.48			1.24			4.45			0.63			0.57

Less Distributions:
Net Investment Income		(0.22	)		(0.38	)		(0.37	)		(0.30	)		(0.33	)		(0.38	)		(0.19	)		(0.40	)		(0.35	)		(0.35	)		(0.32	)		(0.30	)
Net Realized Gains		(0.56	)		(1.95	)		(1.80	)		(1.40	)		(1.38	)		(1.33	)		(0.42	)		(0.14	)		(0.13	)		(0.09	)		(0.21	)		(0.08	)

Total Distributions		(0.78	)		(2.33	)		(2.17	)		(1.70	)		(1.71	)		(1.71	)		(0.61	)		(0.54	)		(0.48	)		(0.44	)		(0.53	)		(0.38	)

Net Asset Value, End of Period	$	24.25		$	32.79		$	36.39		$	39.07		$	32.75		$	33.08		$	22.16		$	24.71		$	22.77		$	22.01		$	18.00		$	17.90

Total Return		(24.29	%)(B)		(3.04	%)		(1.48	%)		24.67	%		4.49	%		(2.83	%)		(8.08	%)(B)		11.18	%		5.59	%		24.93	%		3.68	%		3.26	%

Net Assets, End of Period (thousands)	$	10,426,269		$	13,766,513		$	14,732,615		$	15,165,867		$	12,613,185		$	11,680,262		$	23,141,217		$	26,592,058		$	23,629,726		$	20,762,742		$	14,960,159		$	13,275,774
Ratio of Expenses to Average Net Assets		0.52	%(C)		0.53	%		0.52	%		0.52	%		0.52	%		0.52	%		0.19	%(C)		0.20	%		0.19	%		0.19	%		0.19	%		0.19	%
Ratio of Expenses to Average Net Assets
(Excluding Fees (Waived), (Expenses
Reimbursed), and/or Previously Waived
Fees Recovered by Advisor)		0.52	%(C)		0.53	%		0.52	%		0.52	%		0.52	%		0.52	%		0.19	%(C)		0.20	%		0.19	%		0.19	%		0.19	%		0.19	%
Ratio of Net Investment Income to Average Net Assets		1.49	%(C)		1.26	%		1.00	%		0.83	%		1.01	%		1.18	%		1.82	%(C)		1.72	%		1.55	%		1.64	%		1.88	%		1.71	%
Portfolio Turnover Rate		12	%(B)		19	%		27	%		24	%		19	%		17	%		1	%(B)		5	%		3	%		3	%		4	%		4	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	U.S. Core Equity 2 Portfolio																		U.S. Vector Equity Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	22.66		$	21.25		$	20.90		$	17.19		$	17.26		$	17.34		$	18.71		$	18.40		$	19.16		$	15.93		$	16.22		$	17.04

Income from Investment Operations (A)
Net Investment Income (Loss)		0.19			0.36			0.34			0.31			0.31			0.30			0.14			0.28			0.26			0.24			0.25			0.25
Net Gains (Losses) on Securities (Realized and Unrealized)		(2.24	)		1.65			0.53			3.83			0.25			0.02			(3.35	)		0.72			(0.10	)		3.65			0.24			(0.30	)

Total from Investment Operations		(2.05	)		2.01			0.87			4.14			0.56			0.32			(3.21	)		1.00			0.16			3.89			0.49			(0.05	)

Less Distributions:
Net Investment Income		(0.16	)		(0.37	)		(0.32	)		(0.31	)		(0.30	)		(0.28	)		(0.13	)		(0.27	)		(0.25	)		(0.23	)		(0.25	)		(0.24	)
Net Realized Gains		(0.50	)		(0.23	)		(0.20	)		(0.12	)		(0.33	)		(0.12	)		(0.33	)		(0.42	)		(0.67	)		(0.43	)		(0.53	)		(0.53	)

Total Distributions		(0.66	)		(0.60	)		(0.52	)		(0.43	)		(0.63	)		(0.40	)		(0.46	)		(0.69	)		(0.92	)		(0.66	)		(0.78	)		(0.77	)

Net Asset Value, End of Period	$	19.95		$	22.66		$	21.25		$	20.90		$	17.19		$	17.26		$	15.04		$	18.71		$	18.40		$	19.16		$	15.93		$	16.22

Total Return		(9.35	%)(B)		9.78	%		4.16	%		24.36	%		3.47	%		1.92	%		(17.58	%)(B)		5.92	%		0.69	%		24.73	%		3.28	%		(0.18	%)

Net Assets, End of Period (thousands)	$	24,496,032		$	27,829,155		$	24,677,650		$	22,515,418		$	16,851,046		$	15,200,564		$	3,559,627		$	4,583,612		$	4,610,769		$	4,724,003		$	3,822,647		$	3,651,529
Ratio of Expenses to Average Net Assets		0.22	%(C)		0.22	%		0.22	%		0.22	%		0.22	%		0.22	%		0.32	%(C)		0.33	%		0.32	%		0.32	%		0.32	%		0.32	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)		0.22	%		0.22	%		0.22	%		0.22	%		0.22	%		0.22	%		0.32	%		0.33	%		0.32	%		0.32	%		0.32	%		0.32	%
Ratio of Net Investment Income to Average Net Assets		1.74	%(C)		1.69	%		1.53	%		1.59	%		1.87	%		1.68	%		1.65	%(C)		1.53	%		1.35	%		1.36	%		1.64	%		1.50	%
Portfolio Turnover Rate		3	%(B)		6	%		5	%		5	%		4	%		5	%		7	%(B)		6	%		10	%		10	%		10	%		10	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	U.S. Small Cap Portfolio																		U.S. Micro Cap Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	33.80		$	35.02		$	36.48		$	30.14		$	30.84		$	31.38		$	20.78		$	21.88		$	22.76		$	18.58		$	19.00		$	20.10

Income from Investment Operations (A)
Net Investment Income (Loss)		0.20			0.38			0.39			0.35			0.34			0.35			0.10			0.20			0.17			0.16			0.16			0.16
Net Gains (Losses) on Securities (Realized and Unrealized)		(6.25	)		(0.05	)		(0.08	)		7.17			0.77			0.33			(4.37	)		(0.26	)		0.12			5.12			0.60			0.02

Total from Investment Operations		(6.05	)		0.33			0.31			7.52			1.11			0.68			(4.27	)		(0.06	)		0.29			5.28			0.76			0.18

Less Distributions:
Net Investment Income		(0.18	)		(0.35	)		(0.37	)		(0.35	)		(0.35	)		(0.33	)		(0.09	)		(0.18	)		(0.16	)		(0.16	)		(0.16	)		(0.16	)
Net Realized Gains		(0.81	)		(1.20	)		(1.40	)		(0.83	)		(1.46	)		(0.89	)		(0.43	)		(0.86	)		(1.01	)		(0.94	)		(1.02	)		(1.12	)

Total Distributions		(0.99	)		(1.55	)		(1.77	)		(1.18	)		(1.81	)		(1.22	)		(0.52	)		(1.04	)		(1.17	)		(1.10	)		(1.18	)		(1.28	)

Net Asset Value, End of Period	$	26.76		$	33.80		$	35.02		$	36.48		$	30.14		$	30.84		$	15.99		$	20.78		$	21.88		$	22.76		$	18.58		$	19.00

Total Return		(18.47	%)(B)		1.41	%		0.77	%		25.21	%		3.89	%		2.34	%		(21.09	%)(B)		0.24	%		1.29	%		28.91	%		4.32	%		1.11	%

Net Assets, End of Period (thousands)	$	13,012,080		$	17,392,495		$	17,303,451		$	16,931,787		$	12,977,199		$	10,616,542		$	4,887,780		$	6,351,299		$	6,478,316		$	6,306,730		$	5,128,323		$	5,007,091
Ratio of Expenses to Average Net Assets		0.37	%(C)		0.37	%		0.37	%		0.37	%		0.37	%		0.37	%		0.52	%(C)		0.53	%		0.52	%		0.52	%		0.52	%		0.52	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)		0.37	%(C)		0.37	%		0.37	%		0.37	%		0.37	%		0.37	%		0.52	%(C)		0.53	%		0.52	%		0.52	%		0.52	%		0.52	%
Ratio of Net Investment Income to Average Net Assets		1.26	%(C)		1.13	%		1.06	%		1.04	%		1.16	%		1.10	%		1.07	%(C)		0.98	%		0.74	%		0.75	%		0.88	%		0.82	%
Portfolio Turnover Rate		2	%(B)		8	%		13	%		14	%		10	%		11	%		7	%(B)		15	%		19	%		15	%		15	%		14	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	U.S. High Relative Profitability Portfolio												DFA Real Estate Securities Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Period May 16, 2017 Ʊ to Oct 31, 2017			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)												(Unaudited)
Net Asset Value, Beginning of Period	$	13.51		$	11.85		$	10.93		$	10.00		$	41.90		$	34.14		$	34.99		$	34.32		$	33.04		$	32.24

Income from Investment Operations (A)
Net Investment Income (Loss)		0.12			0.22			0.19			0.07			0.70			0.52	**		1.60			0.84			1.09			0.90
Net Gains (Losses) on Securities (Realized and Unrealized)		(0.34	)		1.64			0.89			0.91			(7.85	)		8.09	**		(0.69	)		1.12			1.18			0.95

Total from Investment Operations		(0.22	)		1.86			1.08			0.98			(7.15	)		8.61			0.91			1.96			2.27			1.85

Less Distributions:
Net Investment Income		(0.11	)		(0.20	)		(0.16	)		(0.05	)		(0.60	)		(0.85	)		(1.65	)		(0.98	)		(0.99	)		(1.05	)
Net Realized Gains		—			—			—			—			(0.06	)		—			(0.11	)		(0.31	)		—			—

Total Distributions		(0.11	)		(0.20	)		(0.16	)		(0.05	)		(0.66	)		(0.85	)		(1.76	)		(1.29	)		(0.99	)		(1.05	)

Net Asset Value, End of Period	$	13.18		$	13.51		$	11.85		$	10.93		$	34.09		$	41.90		$	34.14		$	34.99		$	34.32		$	33.04

Total Return		(1.65	%)(B)		15.88	%		9.88	%		9.84	%(B)		(17.21	%)(B)		25.64	%		2.63	%		5.86	%		6.89	%		5.89	%

Net Assets, End of Period (thousands)	$	2,373,045		$	1,703,302		$	722,728		$	141,073		$	8,618,959		$	10,671,437		$	8,577,658		$	8,281,176		$	7,260,180		$	6,553,192
Ratio of Expenses to Average Net Assets		0.25	%(C)		0.25	%		0.25	%		0.23	%(C)(E)		0.18	%(C)		0.18	%		0.18	%		0.18	%		0.18	%		0.18	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))		0.24	%(C)		0.25	%		0.27	%		0.35	%(C)(E)		0.20	%(C)		0.20	%		0.19	%		0.19	%		0.19	%		0.19	%
Ratio of Net Investment Income to Average Net Assets		1.76	%(C)		1.73	%		1.58	%		1.45	%(C)(E)		3.66	%(C)		1.38	%**		4.66	%		2.43	%		3.15	%		2.75	%
Portfolio Turnover Rate		0	%(B)		4	%		7	%		0	%(B)		3	%(B)		3	%		3	%		1	%		3	%		4	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

A. Organization:

DFA Investment Dimensions Group Inc. (the “Fund”) is an open-end management investment company registered under the Investment Company Act of 1940, whose shares are generally offered to institutional investors, retirement plans and clients of registered investment advisors. The Fund consists of one hundred and four operational portfolios, of which twelve (the “Portfolios”) are included in this section of the report. The remaining operational portfolios are presented in separate reports. The Portfolios are investment companies, and accordingly, follow the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”), Topic 946, “Financial Services-Investment Companies.”

Of the Portfolios, one invests all of its assets in a corresponding series (the “Feeder Fund”). The Feeder Fund invests all of its assets in a corresponding series (the “Master Fund”) of The DFA Investment Trust Company (“DFAITC”). As of April 30, 2020, the Feeder Fund was the owner of record of the approximate percentage of the total outstanding shares of the Master Fund as detailed below:


Feeder Fund	Master Fund	Percentage Ownership at 04/30/20
U.S. Large Cap Value Portfolio	The U.S. Large Cap Value Series		85	%

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

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

B. Significant Accounting Policies:

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

1. Security Valuation: The Portfolios use a fair value hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:

•

Level 1 – inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts)

•

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 – significant unobservable inputs (including the Portfolios’ own assumptions in determining the fair value of investments)

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

are listed on Nasdaq are valued at the Nasdaq Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, the Domestic Equity Portfolios value the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.

Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors of the Fund. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of Dimensional Fund Advisors LP) occur before the net asset value of the Portfolio is calculated. When fair value pricing is used, the prices of securities used by the Domestic Equity Portfolios may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

Debt securities held by the Portfolios are valued on the basis of evaluated prices provided by one or more pricing services or other reasonably reliable sources including broker/dealers that typically handle the purchase and sale of such securities. Securities that are traded over-the-counter and on a stock exchange generally will be valued according to the broadest and most representative market, and it is expected that for bonds and other fixed income securities, this ordinarily will be the over-the-counter market. Securities for which quotations are not readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors of the Fund. These valuations are generally categorized as Level 2 in the hierarchy.

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

Shares held by the Portfolios in other investment companies (such as the Master Fund) are valued at their respective daily net asset values as reported by their administrator. The Feeder Fund’s investment in the Master Fund reflects its proportionate interest in the net assets of the Master Fund. These valuations are classified as Level 1 in the hierarchy.

A summary of the inputs used to value the Portfolios’ investments by each major security type, industry and/or country is disclosed previously in this note. A valuation hierarchy table has been included at the end of the Summary Schedule of Portfolio Holdings/Schedule of Investments (except for the Feeder Fund). The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

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

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

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

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

The Directors may receive their distributions of proceeds by one of the following methods: lump sum, annual installments over a period of agreed-upon years, or quarterly installments over a period of agreed-upon years. Each Director shall have the right in a notice of election (the “Notice”) to defer the receipt of the Director’s deferred compensation until a date specified by such Director in the Notice. The date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Director ceases to be a member of the Board of Directors of the Fund; and (ii) five years following the effective date of the Director’s first deferral election. If a Director who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Director’s deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Director ceases to be a member of the Board (unless the Director files an amended Notice selecting a different distribution date). As of April 30, 2020, none of the Directors have requested or received a distribution of proceeds of a deferred fee account.

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

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

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

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

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

C. Investment Advisor and Administrator:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Portfolios. For the six months ended April 30, 2020, the Portfolios’ investment management fees were accrued daily and paid monthly to the Advisor based on the following effective annual rates of average daily net assets:


Enhanced U.S. Large Company Portfolio	0.18	%*
U.S. Large Cap Equity Portfolio	0.14	%*
U.S. Large Cap Value Portfolio	0.24	%*
U.S. Targeted Value Portfolio	0.34	%*
U.S. Small Cap Value Portfolio	0.49	%*
U.S. Core Equity 1 Portfolio	0.16	%*
U.S. Core Equity 2 Portfolio	0.19	%*
U.S. Vector Equity Portfolio	0.29	%*
U.S. Small Cap Portfolio	0.34	%*
U.S. Micro Cap Portfolio	0.49	%*
U.S. High Relative Profitability Portfolio	0.20	%
DFA Real Estate Securities Portfolio	0.17	%

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


Portfolio	Management Fee Prior to February 28, 2020			Management Fee Effective February 28, 2020
Enhanced U.S. Large Company Portfolio		0.20	%		0.12	%
U.S. Large Cap Equity Portfolio		0.15	%		0.12	%
U.S. Large Cap Value Portfolio		0.25	%		0.23	%
U.S. Targeted Value Portfolio		0.35	%		0.33	%
U.S. Small Cap Value Portfolio		0.50	%		0.48	%
U.S. Core Equity 1 Portfolio		0.17	%		0.14	%
U.S. Core Equity 2 Portfolio		0.20	%		0.17	%
U.S. Vector Equity Portfolio		0.30	%		0.28	%
U.S. Small Cap Portfolio		0.35	%		0.33	%
U.S. Micro Cap Portfolio		0.50	%		0.48	%

Pursuant to Amended and Restated Fee Waiver and/or Expense Assumption Agreements (each, a “Fee Waiver Agreement”), the Advisor has contractually agreed to waive certain fees, and in certain instances, assume certain expenses of the Portfolios, as described in the notes below. The Fee Waiver Agreements for the non-Feeder Funds will remain in effect through February 28, 2021, may only be terminated by the Fund’s Board of Directors prior to that date and shall continue in effect from year to year thereafter unless terminated by the Fund or the Advisor. The Fee Waiver Agreement with respect to the total management fees paid by the Feeder Fund, as described in the notes below, will remain in effect permanently, unless terminated by the Feeder Fund. During the six months ended April 30, 2020, the non-Feeder Portfolios had expense limits based on a percentage of average net assets on an annualized basis, and the Advisor recovered previously waived fees and/or assumed expenses (amounts in thousands), as listed below. The net amount of waived fees/expenses assumed (recovered previously waived fees/expenses assumed) during the six months ended April 30, 2020, and the previously waived fees/expenses assumed subject to future recovery by the Advisor as of April 30, 2020, are also reflected below (amounts in thousands). At any time that the Portfolio Expenses (defined below) of a class of a Portfolio are less than the applicable Expense Limitation Amount/Total Management Fee Limit listed below, the Advisor retains the right to recover fees previously waived and/or expenses previously assumed to the extent that the expense ratio following such recovery would be less than the Expense Limitation Amount/Total Management Fee Limit that was in place when such prior year fees were waived and/or expenses assumed, and less than the current Expense Limitation Amount/Total Management Fee Limit in place for the Portfolio. The Advisor, however, will not be reimbursed by the Feeder Portfolio in connection with its Permanent Fee Waiver (defined below). The Fund, on behalf of a Portfolio, is also not obligated to reimburse the Advisor for fees previously waived or expenses previously assumed by the Advisor more than thirty-six months before the date of recovery.


Institutional Class Shares	Expense Limitation Amount			Total Management Fee Limit			Recovery of Previously Waived Fees/ Expenses Assumed		Net Waived Fees/ Expenses Assumed (Recovered Previously Waived Fees/Expenses Assumed)			Previously Waived Fees/ Expenses Assumed Subject to Future Recovery
Enhanced U.S. Large Company Portfolio (1)		0.15	%		—		$	4	$	161		$	940
U.S. Large Cap Equity Portfolio (1)		0.19	%		—			—		—			—
U.S. Large Cap Value Portfolio (2)		—			0.23	%		—		11,908			—
U.S. Targeted Value Portfolio (3)		0.50	%		—			—		—			—
U.S. Core Equity 1 Portfolio (1)		0.23	%		—			—		—			—
U.S. Core Equity 2 Portfolio (1)		0.26	%		—			—		—			—
U.S. Vector Equity Portfolio (1)		0.36	%		—			—		—			—
U.S. High Relative Profitability Portfolio (4)		0.25	%		—			78		(70	)		115
DFA Real Estate Securities Portfolio (1)		0.18	%		—			—		750			3,479
Class R1 Shares
U.S. Targeted Value Portfolio (5)		0.62	%		—			—		—			—
Class R2 Shares
U.S. Targeted Value Portfolio (5)		0.77	%		—			—		—			—

(1)

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

(2)

(3)

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

(4)

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

(5)

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

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Directors of the Advisor are also Officers and Directors of the Fund; however, such Officers and Directors (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the six months ended April 30, 2020, the total related amount paid by the Fund to the CCO was $206 (in thousands). The total related amounts paid by each of the Portfolios are included in Other Expenses on the Statements of Operations.

D. Deferred Compensation:

As of April 30, 2020, the total liability for deferred compensation to Directors is included in Accrued Expenses and Other Liabilities on the Statements of Assets and Liabilities as follows (amounts in thousands):


Enhanced U.S. Large Company Portfolio	$	8
U.S. Large Cap Equity Portfolio		3
U.S. Large Cap Value Portfolio		405
U.S. Targeted Value Portfolio		146
U.S. Small Cap Value Portfolio		373
U.S. Core Equity 1 Portfolio		182
U.S. Core Equity 2 Portfolio		271
U.S. Vector Equity Portfolio		90
U.S. Small Cap Portfolio		237
U.S. Micro Cap Portfolio		169
U.S. High Relative Profitability Portfolio		(13	)
DFA Real Estate Securities Portfolio		136

E. Purchases and Sales of Securities:

For the six months ended April 30, 2020, the Portfolios’ transactions related to investment securities, other than short-term securities, in-kind redemptions and U.S. government securities (with respect to the Equity Portfolios) (amounts in thousands), were as follows:


	U.S. Government Securities				Other Investment Securities
	Purchases		Sales		Purchases		Sales
Enhanced U.S. Large Company Portfolio	$	55,997	$	54,148	$	119,379	$	136,265
U.S. Large Cap Equity Portfolio		—		—		193,715		204,914
U.S. Targeted Value Portfolio		—		—		1,135,519		820,964
U.S. Small Cap Value Portfolio		—		—		1,427,380		1,491,169
U.S. Core Equity 1 Portfolio		—		—		372,458		1,432,605
U.S. Core Equity 2 Portfolio		—		—		717,325		1,408,113
U.S. Vector Equity Portfolio		—		—		275,091		507,853
U.S. Small Cap Portfolio		—		—		273,387		1,446,024
U.S. Micro Cap Portfolio		—		—		378,999		400,277
U.S. High Relative Profitability Portfolio		—		—		688,401		3,766
DFA Real Estate Securities Portfolio		—		—		340,227		382,670

For the six months ended April 30, 2020, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.

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


	Balance at October 31, 2019		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales			Change in Unrealized Appreciation/ Depreciation			Balance at April 30, 2020		Shares as of April 30, 2020		Dividend Income		Capital Gain Distributions
Enhanced U.S. Large Company Portfolio
The DFA Short Term Investment Fund	$	1,289	$	6,306	$	7,012		—			—		$	583		50	$	54		—

Total	$	1,289	$	6,306	$	7,012		—			—		$	583		50	$	54		—

U.S. Large Cap Equity Portfolio
The DFA Short Term Investment Fund	$	19,728	$	64,361	$	74,419	$	(3	)		—		$	9,667		835	$	574		—

Total	$	19,728	$	64,361	$	74,419	$	(3	)		—		$	9,667		835	$	574		—

U.S. Targeted Value Portfolio
The DFA Short Term Investment Fund	$	825,426	$	1,269,810	$	1,716,261	$	(110	)	$	(38	)	$	378,827		32,739	$	16,564		—

Total	$	825,426	$	1,269,810	$	1,716,261	$	(110	)	$	(38	)	$	378,827		32,739	$	16,564		—

U.S. Small Cap Value Portfolio
DFA Short Term Investment Fund	$	1,062,351	$	1,234,399	$	2,000,157	$	89		$	(47	)	$	296,635		25,636	$	21,802		—

Total	$	1,062,351	$	1,234,399	$	2,000,157	$	89		$	(47	)	$	296,635		25,636	$	21,802		—

U.S. Core Equity 1 Portfolio
The DFA Short Term Investment Fund	$	1,249,641	$	2,056,452	$	2,801,605	$	(212	)	$	(54	)	$	504,222		43,576	$	23,451		—

Total	$	1,249,641	$	2,056,452	$	2,801,605	$	(212	)	$	(54	)	$	504,222		43,576	$	23,451		—

U.S. Core Equity 2 Portfolio
The DFA Short Term Investment Fund	$	1,381,742	$	2,248,869	$	2,848,115	$	(285	)	$	(35	)	$	782,176		67,598	$	27,541		—

Total	$	1,381,742	$	2,248,869	$	2,848,115	$	(285	)	$	(35	)	$	782,176		67,598	$	27,541		—

U.S. Vector Equity Portfolio
The DFA Short Term Investment Fund	$	287,323	$	378,611	$	581,136		—		$	(11	)	$	84,787		7,328	$	5,925		—

Total	$	287,323	$	378,611	$	581,136		—		$	(11	)	$	84,787		7,328	$	5,925		—

U.S. Small Cap Portfolio
The DFA Short Term Investment Fund	$	1,964,506	$	1,478,464	$	2,798,826	$	(56	)	$	(96	)	$	643,992		55,656	$	36,475		—

Total	$	1,964,506	$	1,478,464	$	2,798,826	$	(56	)	$	(96	)	$	643,992		55,656	$	36,475		—


	Balance at October 31, 2019		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales			Change in Unrealized Appreciation/ Depreciation			Balance at April 30, 2020		Shares as of April 30, 2020		Dividend Income		Capital Gain Distributions
U.S. Micro Cap Portfolio
The DFA Short Term Investment Fund	$	617,024	$	713,598	$	1,144,959	$	39		$	(23	)	$	185,679		16,047	$	12,505		—

Total	$	617,024	$	713,598	$	1,144,959	$	39		$	(23	)	$	185,679		16,047	$	12,505		—

U.S. High Relative Profitability Portfolio
The DFA Short Term Investment Fund	$	10,056	$	43,775	$	49,508	$	(6	)		—		$	4,317		373		—		—

Total	$	10,056	$	43,775	$	49,508	$	(6	)		—		$	4,317		373		—		—

DFA Real Estate Securities Portfolio
The DFA Short Term Investment Fund	$	317,149	$	1,013,079	$	1,209,926	$	(43	)	$	10		$	120,269		10,394	$	5,513		—

Total	$	317,149	$	1,013,079	$	1,209,926	$	(43	)	$	10		$	120,269		10,394	$	5,513		—

F. Federal Income Taxes:

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

Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined under accounting principles generally accepted in the United States of America. These book/tax differences are either temporary or permanent in nature. To the extent that these differences are permanent, they are charged or credited to paid-in capital or distributable earnings as appropriate, in the period that the differences arise. Accordingly, the permanent differences as of October 31, 2019, primarily attributable to realized gains on securities considered to be “passive foreign investment companies,” non-deductible expenses, realized foreign capital gains tax, tax-equalization, non-deductible 90-day stock issuance cost, net foreign currency gains/losses, distributions received from real estate investment trusts and distribution redesignations, were reclassified to the accounts mentioned above. These reclassifications had no effect on net assets or net asset value per share.

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


	Net Investment Income and Short-Term Capital Gains		Long-Term Capital Gains		Tax Exempt Income		Total
Enhanced U.S. Large Company Portfolio
2018	$	25,719	$	29,522		—	$	55,241
2019		12,487		8,470		—		20,957
U.S. Large Cap Equity Portfolio
2018		22,154		—		—		22,154
2019		27,531		—		—		27,531


	Net Investment Income and Short-Term Capital Gains		Long-Term Capital Gains		Tax Exempt Income		Total
U.S. Large Cap Value Portfolio
2018	$	514,712	$	1,084,643		—	$	1,599,355
2019		527,139		1,212,148		—		1,739,287
U.S. Targeted Value Portfolio
2018		150,659		435,624		—		586,283
2019		165,860		393,406		—		559,266
U.S. Small Cap Value Portfolio
2018		181,057		653,833		—		834,890
2019		168,204		769,928		—		938,132
U.S. Core Equity 1 Portfolio
2018		344,039		116,824		—		460,863
2019		423,200		148,232		—		571,432
U.S. Core Equity 2 Portfolio
2018		362,649		214,753		—		577,402
2019		443,069		263,127		—		706,196
U.S. Vector Equity Portfolio
2018		61,316		164,690		—		226,006
2019		66,053		105,741		—		171,794
U.S. Small Cap Portfolio
2018		220,415		608,203		—		828,618
2019		215,050		555,233		—		770,283
U.S. Micro Cap Portfolio
2018		68,087		260,436		—		328,523
2019		56,095		254,341		—		310,436
U.S. High Relative Profitability Portfolio
2018		5,717		—		—		5,717
2019		18,698		—		—		18,698
DFA Real Estate Securities Portfolio
2018		419,917		19,701		—		439,618
2019		212,725		—		—		212,725

As of October 31, 2019, the following net investment income and short-term capital gains and long-term capital gains distributions designated for federal income tax purposes are due to the use of accumulated earnings and profits distributed to shareholders upon redemption of shares (amounts in thousands):


	Net Investment Income and Short-Term Capital Gains			Long-Term Capital Gains			Total
Enhanced U.S. Large Company Portfolio	$	(2,188	)	$	(2,801	)	$	(4,989	)
U.S. Large Cap Equity Portfolio		(1,297	)		—			(1,297	)
U.S. Large Cap Value Portfolio		(55,934	)		(15,874	)		(71,808	)
U.S. Targeted Value Portfolio		(15,687	)		(16,871	)		(32,558	)
U.S. Small Cap Value Portfolio		(19,705	)		(18,560	)		(38,265	)
U.S. Core Equity 1 Portfolio		(39,604	)		(5,829	)		(45,433	)
U.S. Core Equity 2 Portfolio		(40,460	)		(13,419	)		(53,879	)


	Net Investment Income and Short-Term Capital Gains			Long-Term Capital Gains			Total
U.S. Vector Equity Portfolio	$	(6,880	)	$	(3,088	)	$	(9,968	)
U.S. Small Cap Portfolio		(13,502	)		(29,688	)		(43,190	)
U.S. Micro Cap Portfolio		(6,360	)		(7,123	)		(13,483	)
U.S. High Relative Profitability Portfolio		(478	)		—			(478	)
DFA Real Estate Securities Portfolio		—			—			—

As of October 31, 2019, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):


	Undistributed Net Investment Income and Short-Term Capital Gains		Undistributed Long-Term Capital Gains		Capital Loss Carryforwards			Unrealized Appreciation (Depreciation)			Total Net Distributable Earnings (Accumulated Losses)
Enhanced U.S. Large Company Portfolio	$	15,296	$	18,584		—		$	(175	)	$	33,705
U.S. Large Cap Equity Portfolio		1,188		2,825		—			469,466			473,479
U.S. Large Cap Value Portfolio		—		559,414		—			6,642,496			7,201,910
U.S. Targeted Value Portfolio		5,798		273,128		—			1,107,339			1,386,265
U.S. Small Cap Value Portfolio		24,067		231,558		—			2,221,941			2,477,566
U.S. Core Equity 1 Portfolio		—		447,398		—			9,383,890			9,831,288
U.S. Core Equity 2 Portfolio		—		609,730		—			9,643,827			10,253,557
U.S. Vector Equity Portfolio		—		81,241		—			1,572,085			1,653,326
U.S. Small Cap Portfolio		—		411,119		—			3,316,376			3,727,495
U.S. Micro Cap Portfolio		1,147		131,977		—			1,965,123			2,098,247
U.S. High Relative Profitability Portfolio		1,613		—	$	(8,733	)		182,830			175,710
DFA Real Estate Securities Portfolio		62,157		14,210		—			3,822,162			3,898,529

For federal income tax purposes, the Fund measures its capital loss carryforwards annually at October 31, its fiscal year end. Capital loss carryforwards may be carried forward and applied against future capital gains. Under the Regulated Investment Company Modernization Act of 2010, capital losses incurred by these Portfolios after October 31, 2011, will not be subject to expiration and will retain their character as either short-term or long-term capital losses. As of October 31, 2019, the Portfolios had the following capital loss carryforwards available to offset future realized capital gains with no expiration date (amounts in thousands):


	Unlimited		Total
Enhanced U.S. Large Company Portfolio		—		—
U.S. Large Cap Equity Portfolio		—		—
U.S. Large Cap Value Portfolio		—		—
U.S. Targeted Value Portfolio		—		—
U.S. Small Cap Value Portfolio		—		—
U.S. Core Equity 1 Portfolio		—		—
U.S. Core Equity 2 Portfolio		—		—
U.S. Vector Equity Portfolio		—		—
U.S. Small Cap Portfolio		—		—
U.S. Micro Cap Portfolio		—		—
U.S. High Relative Profitability Portfolio	$	8,733	$	8,733
DFA Real Estate Securities Portfolio		—		—

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


U.S. Large Cap Equity Portfolio		$	7,156

As of April 30, 2020, the total cost and aggregate gross unrealized appreciation (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes, as follows (amounts in thousands):


	Federal Tax Cost		Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
Enhanced U.S. Large Company Portfolio	$	342,455	$	1,274	$	(4,160	)	$	(2,886	)
U.S. Large Cap Equity Portfolio		1,271,441		480,586		(37,576	)		443,010
U.S. Large Cap Value Portfolio		17,437,526		2,123,786		—			2,123,786
U.S. Targeted Value Portfolio		10,662,370		2,469,348		(808,083	)		1,661,265
U.S. Small Cap Value Portfolio		13,647,436		3,818,348		(1,061,398	)		2,756,950
U.S. Core Equity 1 Portfolio		18,583,845		10,164,122		(947,561	)		9,216,561
U.S. Core Equity 2 Portfolio		19,532,576		10,837,114		(1,127,851	)		9,709,263
U.S. Vector Equity Portfolio		3,496,326		1,884,785		(269,503	)		1,615,282
U.S. Small Cap Portfolio		16,897,268		5,298,146		(1,311,739	)		3,986,407
U.S. Micro Cap Portfolio		5,393,682		2,444,454		(393,914	)		2,050,540
U.S. High Relative Profitability Portfolio		1,057,846		140,742		(25,462	)		115,280
DFA Real Estate Securities Portfolio		6,910,377		3,224,687		(259,941	)		2,964,746

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

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

G. Capital Share Transactions:

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


	Six Months Ended April 30, 2020						Year Ended October 31, 2019
	(Unaudited)
	Amount			Shares			Amount			Shares
U.S. Targeted Value Portfolio
Class R1 Shares
Shares Issued	$	6,284			335		$	18,052			831
Shares Issued in Lieu of Cash Distributions		1,554			72			2,513			123
Shares Redeemed		(15,469	)		(716	)		(10,271	)		(467	)

Net Increase (Decrease) — Class R1 Shares	$	(7,631	)		(309	)	$	10,294			487

Class R2 Shares
Shares Issued	$	4,867			278		$	16,359			740
Shares Issued in Lieu of Cash Distributions		2,063			94			5,135			253
Shares Redeemed		(26,018	)		(1,227	)		(51,887	)		(2,355	)

Net Increase (Decrease) — Class R2 Shares	$	(19,088	)		(855	)	$	(30,393	)		(1,362	)

Institutional Class Shares
Shares Issued	$	2,076,573			126,316		$	2,603,398			119,873
Shares Issued in Lieu of Cash Distributions		329,560			15,281			522,401			25,501
Shares Redeemed		(1,869,271	)		(106,371	)		(2,333,821	)		(107,140	)

Net Increase (Decrease) — Institutional Class Shares	$	536,862			35,226		$	791,978			38,234

H. Financial Instruments:

In accordance with the Portfolios’ investment objectives and policies, the Portfolios may invest either directly or indirectly (through their investments in a corresponding Master Fund), in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:

Derivative Financial Instruments:

Summarized below are the specific types of derivative instruments used by the Portfolios.

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

2. Futures Contracts: Each Portfolio listed below may purchase or sell futures contracts and options on futures contracts for equity securities and indices to adjust market exposure based on actual or expected cash inflows to or outflows from the Portfolio. The Portfolios, however, do not intend to sell futures contracts to establish short positions in individual securities. The Enhanced U.S. Large Company Portfolio may also use futures contracts and options thereon to hedge against securities prices or as part of its overall investment strategy. Upon entering into a futures contract, the Portfolios deposit cash or pledge U.S. Government securities to a broker in an amount equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Portfolios as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Portfolios record a realized gain or loss, which is presented in the Statements of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Risks may arise upon entrance into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Portfolio could lose more than the initial margin requirements. The Portfolios entering into stock index futures are subject to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.

Securities have been segregated as collateral for open futures contracts.

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


	Forward Currency Contracts*		Futures**
Enhanced U.S. Large Company Portfolio	$	247,959	$	390,090
U.S. Targeted Value Portfolio		—		110,777
U.S. Small Cap Value Portfolio		—		156,555
U.S. Core Equity 1 Portfolio		—		238,968
U.S. Core Equity 2 Portfolio		—		249,096
U.S. Vector Equity Portfolio		—		30,411
U.S. Small Cap Portfolio		—		150,193
U.S. Micro Cap Portfolio		—		61,769
DFA Real Estate Securities Portfolio		—		102,953

*	Average amount of Currency Purchased/Sold in USD

**	Average Notional Value of contracts

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


	Asset Derivatives Value
	Total Value at April 30, 2020		Forward Currency Contracts (1)		Equity Contracts *,(2)
Enhanced U.S. Large Company Portfolio	$	442	$	442		—
U.S. Targeted Value Portfolio		24,202		—	$	24,202
U.S. Small Cap Value Portfolio		18,340		—		18,340
U.S. Core Equity 1 Portfolio		49,731		—		49,731


	Asset Derivatives Value
	Total Value at April 30, 2020		Forward Currency Contracts (1)		Equity Contracts *,(2)
U.S. Core Equity 2 Portfolio	$	50,688		—	$	50,688
U.S. Vector Equity Portfolio		7,474		—		7,474
U.S. Small Cap Portfolio		32,018		—		32,018
U.S. Micro Cap Portfolio		12,237		—		12,237
DFA Real Estate Securities Portfolio		20,158		—		20,158


	Liability Derivatives Value
	Total Value at April 30, 2020			Forward Currency Contracts (3)			Equity Contracts (4)
Enhanced U.S. Large Company Portfolio	$	(20,061	)	$	(1,183	)	$	(18,878	)

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

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

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

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

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

The following is a summary of the realized and change in unrealized gains and losses from the Portfolios’ derivative instrument holdings categorized by primary risk exposure for the six months ended April 30, 2020 (amounts in thousands):


	Realized Gain (Loss) on Derivatives
	Total			Forward Currency Contracts (1)		Equity Contracts (2)
Enhanced U.S. Large Company Portfolio	$	19,019		$	4,364	$	14,655
U.S. Large Cap Equity Portfolio		170			—		170	*
U.S. Targeted Value Portfolio		(14,522	)		—		(14,522	)
U.S. Small Cap Value Portfolio		(283	)		—		(283	)
U.S. Core Equity 1 Portfolio		(32,427	)		—		(32,427	)
U.S. Core Equity 2 Portfolio		(29,413	)		—		(29,413	)
U.S. Vector Equity Portfolio		(4,064	)		—		(4,064	)
U.S. Small Cap Portfolio		(17,109	)		—		(17,109	)
U.S. Micro Cap Portfolio		(3,987	)		—		(3,987	)
U.S. High Relative Profitability Portfolio		(256	)		—		(256	)*
DFA Real Estate Securities Portfolio		(13,233	)		—		(13,233	)


	Change in Unrealized Appreciation (Depreciation) on Derivatives
	Total			Forward Currency Contracts (3)		Equity Contracts (4)
Enhanced U.S. Large Company Portfolio	$	(30,166	)	$	1,799	$	(31,965	)
U.S. Targeted Value Portfolio		20,902			—		20,902
U.S. Small Cap Value Portfolio		17,884			—		17,884
U.S. Core Equity 1 Portfolio		47,820			—		47,820
U.S. Core Equity 2 Portfolio		48,463			—		48,463
U.S. Vector Equity Portfolio		7,276			—		7,276
U.S. Small Cap Portfolio		26,653			—		26,653
U.S. Micro Cap Portfolio		11,182			—		11,182
DFA Real Estate Securities Portfolio		19,252			—		19,252

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

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

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

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

*	As of April 30, 2020, there were no futures contracts outstanding. During the six months ended April 30, 2020, the Portfolios had limited activity in futures contracts.

Offsetting of Derivative Assets and Derivative Liabilities

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

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

The following table presents the Portfolios’ gross and net amount of assets and liabilities available for offset under netting arrangements as well as any related collateral received or pledged by the Portfolios as of April 30, 2020 (amounts in thousands):


					Gross Amounts Not Offset in the Statements of Assets and Liabilities											Gross Amounts Not Offset in the Statements of Assets and Liabilities
Description	Gross Amounts of Recognized Assets (a)		Net Amounts of Assets Presented in the Statements of Assets and Liabilities		Financial Instruments (b)			Cash Collateral Received		Net Amount (c)		Gross Amounts of Recognized Liabilities (a)		Net Amounts of Liabilities Presented in the Statements of Assets and Liabilities		Financial Instruments (d)			Cash Collateral Pledged		Net Amount (e)
	Assets											Liabilities
Enhanced U.S. Large Company Portfolio
State Street Bank and Trust	$	344	$	344	$	(344	)		—		—	$	1,064	$	1,064	$	(344	)		—	$	720
Bank of America Corp		94		94		(94	)		—		—		95		95		(94	)		—		1
Citibank, N.A		4		4		—			—	$	4		—		—		—			—		—
JP Morgan New York		—		—		—			—		—		23		23		—			—		23

Total	$	442	$	442	$	(438	)		—	$	4	$	1,182	$	1,182	$	(438	)		—	$	744

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

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

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

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

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

I. Line of Credit and Interfund Lending Program:

The Fund, together with other Dimensional-advised portfolios, has entered into a $500 million uncommitted, unsecured discretionary line of credit effective April 8, 2020, with its domestic custodian bank. A line of credit with similar terms was in effect through April 8, 2020. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $500 million in the aggregate. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The agreement for the line of credit expires on April 7, 2021.

The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 2, 2020. A line of credit with similar terms was in effect through January 2, 2020. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The line of credit agreement expires on January 1, 2021.

For the six months ended April 30, 2020, borrowings by the following Portfolios under the lines of credit were as follows (amounts in thousands, except percentages and days):


	Weighted Average Interest Rate			Weighted Average Loan Balance		Number of Days Outstanding*		Interest Expense Incurred		Maximum Amount Borrowed During the Period		Outstanding Borrowings as of 04/30/2020
U.S. Large Cap Equity Portfolio		1.49	%	$	14,634		11	$	8	$	88,507		—
U.S. Vector Equity Portfolio		1.84	%		3,461		1		—		3,461		—
U.S. High Relative Profitability Portfolio		2.30	%		706		1		—		706		—
DFA Real Estate Securities Portfolio		0.89	%		14,124		2		1		24,107		—

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

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

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

J. Affiliated Trades:

Cross trades for the six months ended April 30, 2020, if any, were executed by the Portfolios pursuant to procedures adopted by the Board of Directors of the Fund to ensure compliance with Rule 17a-7 under the Investment Company Act of 1940 (the “1940 Act”). Cross trading is the buying or selling of portfolio securities between series of investment companies, or between a series of an investment company and another entity, that are or could be considered affiliates by virtue of having a common investment advisor (or affiliated investment advisors), common Directors and/or common Officers. At its regularly scheduled meetings, the CCO certifies to the Board that the 17a-7 transactions entered into by the Portfolios complied with the Rule 17a-7 Procedures adopted by the Board of Directors of the Fund.

For the six months ended April 30, 2020, cross trades by the Portfolios under Rule 17a-7 were as follows (amounts in thousands):


Portfolio	Purchases		Sales		Realized Gain (Loss)
U.S. Large Cap Equity Portfolio	$	20,199	$	16,881	$	(11,531	)
U.S. Targeted Value Portfolio		149,794		127,237		(36,776	)
U.S. Small Cap Value Portfolio		151,815		154,471		4,632
U.S. Core Equity 1 Portfolio		29,313		142,026		(43,353	)
U.S. Core Equity 2 Portfolio		44,753		113,168		(10,154	)
U.S. Vector Equity Portfolio		22,861		113,569		(21,933	)
U.S. Small Cap Portfolio		35,736		175,695		(155,515	)
U.S. Micro Cap Portfolio		108,071		18,109		(5,414	)
U.S. High Relative Profitability Portfolio		34,185		1,326		(62	)
DFA Real Estate Securities Portfolio		2,128		4,875		353

K. Securities Lending:

As of April 30, 2020, some of the Portfolios had securities on loan to brokers/dealers, for which each such Portfolio received cash collateral. In addition, the Portfolios received non-cash collateral consisting of short- and/or long-term U.S. Treasuries and U.S. government agency securities as follows (amounts in thousands):


	Non-Cash Collateral Market Value
U.S. Large Cap Equity Portfolio	$	13,080
U.S. Targeted Value Portfolio		400,411
U.S. Small Cap Value Portfolio		415,792
U.S. Core Equity 1 Portfolio		633,461
U.S. Core Equity 2 Portfolio		813,211
U.S. Vector Equity Portfolio		113,872
U.S. Small Cap Portfolio		779,249
U.S. Micro Cap Portfolio		187,182
U.S. High Relative Profitability Portfolio		6,384
DFA Real Estate Securities Portfolio		123,283

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

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

The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of April 30, 2020:


	Remaining Contractual Maturity of the Agreements As of April 30, 2020
	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
Securities Lending Transactions
Enhanced U.S. Large Company Portfolio
Bonds	$	582		—		—		—	$	582
U.S. Large Cap Equity Portfolio
Common Stocks		9,672		—		—		—		9,672
U.S. Targeted Value Portfolio
Common Stocks, Preferred Stocks		379,007		—		—		—		379,007
U.S. Small Cap Value Portfolio
Common Stocks, Preferred Stocks		296,542		—		—		—		296,542
U.S. Core Equity 1 Portfolio
Common Stocks, Preferred Stocks		504,474		—		—		—		504,474
U.S. Core Equity 2 Portfolio
Common Stocks, Preferred Stocks		782,420		—		—		—		782,420
U.S. Vector Equity Portfolio
Common Stocks, Preferred Stocks		84,817		—		—		—		84,817
U.S. Small Cap Portfolio
Common Stocks, Preferred Stocks, Rights/Warrants		644,286		—		—		—		644,286
U.S. Micro Cap Portfolio
Common Stocks, Preferred Stocks, Rights/Warrants		185,645		—		—		—		185,645
U.S. High Relative Profitability Portfolio
Common Stocks		4,327		—		—		—		4,327
DFA Real Estate Securities Portfolio
Common Stocks		120,394		—		—		—		120,394

L. Shareholder Servicing Fees:

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

M. Indemnitees; Contractual Obligations:

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

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

N. Recently Issued Accounting Standards:

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

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

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

O. Other:

As of April 30, 2020, the following number of shareholders held the following approximate percentages of the Portfolios’ outstanding shares. One or more of the shareholders may be omnibus accounts, which typically hold shares for the benefit of several other underlying investors.


	Number of Shareholders		Approximate Percentage of Outstanding Shares
Enhanced U.S. Large Company Portfolio-Institutional Class		3		68	%
U.S. Large Cap Equity Portfolio-Institutional Class		4		84	%
U.S. Large Cap Value Portfolio-Institutional Class		3		68	%
U.S. Targeted Value Portfolio-Class R1		4		82	%
U.S. Targeted Value Portfolio-Class R2		6		88	%
U.S. Targeted Value Portfolio-Institutional Class		3		58	%


	Number of Shareholders		Approximate Percentage of Outstanding Shares
U.S. Small Cap Value Portfolio-Institutional Class		4		72	%
U.S. Core Equity 1 Portfolio-Institutional Class		4		74	%
U.S. Core Equity 2 Portfolio-Institutional Class		5		81	%
U.S. Vector Equity Portfolio-Institutional Class		4		78	%
U.S. Small Cap Portfolio-Institutional Class		3		55	%
U.S. Micro Cap Portfolio-Institutional Class		4		76	%
U.S. High Relative Profitability Portfolio-Institutional Class		3		87	%
DFA Real Estate Securities Portfolio-Institutional Class		4		70	%

The Portfolios are subject to claims and suits that arise from time to time in the ordinary course of business. Although management currently believes that resolving claims against the Portfolios, individually or in aggregate, will not have a material adverse impact on the Portfolios’ financial position, results of operations, or cash flows, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future.

The U.S. Large Cap Value Series has been named as a defendant in a multi-district litigation pending in the United States District Court for the Southern District of New York (the “District Court”), captioned IN RE TRIBUNE COMPANY FRAUDULENT CONVEYANCE LITIGATION, No. 11-MD-2296-RJS (the “Tribune MDL”). The Tribune MDL arises from the 2007 leveraged buyout of The Tribune Company (“Tribune”) (the “LBO”) and Tribune’s subsequent bankruptcy and reorganization. In connection with the LBO, thousands of Tribune shareholders, including The U.S. Large Cap Value Series, sold Tribune shares back to Tribune for $34 per share. The Tribune MDL includes a series of lawsuits brought by individual creditors of Tribune (the “Individual Creditor Actions”) and a lawsuit brought by the trustee of a litigation trust (the “Trustee”) to whom Tribune’s committee of unsecured creditors assigned claims (the “Committee Action,” and with the Individual Creditor Actions, collectively referred to as the “Tribune Lawsuits”). The Tribune Lawsuits seek to unwind the LBO stock repurchases as fraudulent transfers and recover the stock repurchase proceeds paid to the Tribune shareholders who participated in the LBO.

On September 23, 2013, the District Court entered an order dismissing the Individual Creditor Actions in their entirety on the grounds that the individual creditor plaintiffs lacked standing to pursue their claims. The parties appealed the District Court’s dismissal order to the United States Court of Appeals for the Second Circuit (the “Second Circuit”), and on March 29, 2016, the Second Circuit affirmed the dismissal, albeit on the grounds that the individual creditor plaintiffs’ claims are preempted and barred by the Bankruptcy Code’s safe harbor for securities transactions. The individual creditor plaintiffs filed a petition for certiorari with the Supreme Court of the United States (the “Supreme Court”), seeking review of the Second Circuit’s ruling. Thereafter, the individual creditor plaintiffs moved the Second Circuit to review its prior ruling in light of the Supreme Court’s decision in MERIT MANAGEMENT GROUP, LP v. FTI CONSULTING, INC., 138 S.Ct. 883 (2018) (“Merit Mgmt.”), which addressed the scope of the Bankruptcy Code’s safe harbor for securities transactions. The Second Circuit agreed to review the matter and withdrew its mandate with respect to the affirmance of the dismissal order. Consequently, the Supreme Court dismissed the individual creditor plaintiffs’ petition for certiorari. On December 19, 2019, the Second Circuit again affirmed the District Court’s dismissal of the Individual Creditor Actions on the grounds that the individual creditor plaintiffs’ claims are preempted and barred by the Bankruptcy Code’s safe harbor for securities transactions. The individual creditor plaintiffs moved the Second Circuit for rehearing, which the Second Circuit denied. It is expected that the individual creditor plaintiffs again will petition the Supreme Court for certiorari.

On January 6, 2017, the District Court granted the shareholder defendants’ motion to dismiss the claims against them in the Committee Action. The Trustee moved for leave from the District Court to file an amended complaint to assert new constructive fraudulent transfer claims against the shareholder defendants in light of the Merit Mgmt. decision. The District Court denied the motion, ruling that the proposed amendment would unduly prejudice the shareholder defendants and would be futile because the Trustee’s proposed constructive fraudulent transfer claims would be barred by the Bankruptcy Code’s safe harbor for securities transactions, notwithstanding the Merit Mgmt. decision. The Trustee appealed the District Court’s dismissal order and order denying the Trustee’s motion for leave to amend to the Second Circuit. The Second Circuit appeal is fully-briefed, and the parties await the scheduling of oral argument.

Litigation counsel to The U.S. Large Cap Value Series in the Tribune Lawsuits has advised management that it does not believe that it is possible to predict with any reasonable certainty the probable outcome of the Tribune Lawsuits or quantify the ultimate exposure to The U.S. Large Cap Value Series arising from the Tribune Lawsuits. Until The U.S. Large Cap Value Series can do so, no reduction of the net asset value of The U.S. Large Cap Value Series will be made relating to the Tribune Lawsuits. However, even if the plaintiffs in the Tribune Lawsuits were to obtain the full recovery the plaintiffs seek, the amount would be less than 1% of the net asset value of The U.S. Large Cap Value Series at this time.

The U.S. Large Cap Value Series also cannot quantify the cost of the Tribune Lawsuits that could potentially be deducted from its net asset value. Therefore, at this time, those investors buying or redeeming shares of The U.S. Large Cap Value Series will pay or receive, as the case may be, a price based on the net asset value of The U.S. Large Cap Value Series, with no adjustment relating to the Tribune Lawsuits. The attorneys’ fees and costs relating to the Tribune Lawsuits will be borne by The U.S. Large Cap Value Series as incurred and in a manner similar to any other expenses incurred by The U.S. Large Cap Value Series.

P. Subsequent Event Evaluations:

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

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

NOTIFICATION OF SOURCE OF DISTRIBUTIONS PURSUANT TO

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

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


	Estimated % Breakdown of Distribution Sources
Portfolio Name	Net income for the current or preceding fiscal year, and accumulated undistributed net income			Accumulated undistributed net profits from the sale of securities or other properties			Paid-in surplus or other capital source
Enhanced U.S. Large Company Portfolio
December 17, 2019		79	%		0	%		21	%
U.S. Small Cap Value Portfolio
December 17, 2019		71	%		0	%		29	%
U.S. High Relative Profitability Portfolio
December 17, 2019		98	%		0	%		2	%
DFA Real Estate Securities Portfolio
December 16, 2019		0	%		0	%		100	%
March 30, 2020		16	%		0	%		84	%

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

DFA INVESTMENT DIMENSIONS GROUP INC.

DFA COMMODITY STRATEGY PORTFOLIO

CONSOLIDATED DISCLOSURE OF FUND EXPENSES

(Unaudited)

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

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

Actual Fund Return

Hypothetical Example for Comparison Purposes

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

Six Months Ended April 30, 2020

EXPENSE TABLE


	Beginning Account Value 11/01/19		Ending Account Value 04/30/20		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
DFA Commodity Strategy Portfolio
Actual Fund Return	$	1,000.00	$	794.40		0.33	%	$	1.47

CONSOLIDATED DISCLOSURE OF FUND EXPENSES

CONTINUED


	Beginning Account Value 11/01/19		Ending Account Value 04/30/20		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.22		0.33	%	$	1.66

(1)

DFA Commodity Strategy Portfolio wholly owns Dimensional Cayman Commodity Fund I, LTD. The expenses shown reflect the consolidated expenses of Dimensional Cayman Commodity Fund I, LTD. and DFA Commodity Strategy Portfolio. Expenses are equal to the fund’s annualized expense ratio for the six-month period, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period (182), then divided by the number of days in the year (366) to reflect the six-month period.

DFA INVESTMENT DIMENSIONS GROUP INC.

DFA COMMODITY STRATEGY PORTFOLIO

CONSOLIDATED DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

PORTFOLIO HOLDINGS


DFA Commodity Strategy Portfolio
Corporate	30.8	%
Government	34.2	%
Foreign Corporate	18.6	%
Foreign Government	12.5	%
Supranational	3.9	%

	100.0	%

DFA COMMODITY STRATEGY PORTFOLIO

CONSOLIDATED SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)

Face

Amount^

Value†

(000)

BONDS — (58.1%)

AUSTRALIA — (1.5%)

Australia & New Zealand Banking Group, Ltd.

(r)

2.553%, 11/23/21

2,000

2,000,393

Commonwealth Bank of Australia

2.400%, 11/02/20

1,746

1,757,186

Macquarie Group, Ltd.

6.250%, 01/14/21

4,842

4,986,129

National Australia Bank, Ltd.

2.125%, 05/22/20

745

745,483

2.625%, 07/23/20

4,052

4,067,859

Westpac Banking Corp.

2.100%, 05/13/21

1,000

1,009,318

TOTAL AUSTRALIA

14,566,368

BELGIUM — (1.9%)

Dexia Credit Local SA

0.200%, 03/16/21

EUR

16,250

17,857,844

CANADA — (10.1%)

Bank of Montreal

(r)

2.428%, 08/27/21

12,203

12,225,582

Canada Housing Trust No 1

1.450%, 06/15/20

CAD

2,500

1,798,664

CPPIB Capital, Inc.

1.400%, 06/04/20

CAD

6,000

4,314,379

Province of Alberta Canada

1.250%, 06/01/20

CAD

14,000

10,064,974

Province of Ontario Canada

4.200%, 06/02/20

CAD

30,347

21,872,645

Royal Bank of Canada

1.920%, 07/17/20

CAD

5,000

3,597,543

2.030%, 03/15/21

CAD

20,000

14,483,853

Toronto-Dominion Bank (The)

2.563%, 06/24/20

CAD

39,000

28,088,013

TOTAL CANADA

96,445,653

DENMARK — (0.6%)

Danske Bank A.S.

2.800%, 03/10/21

5,400

5,453,888

FRANCE — (3.3%)

Agence Francaise de Developpement

0.125%, 03/31/21

EUR

18,000

19,781,904

BNP Paribas SA

2.375%, 05/21/20

2,720

2,721,752


			Face
			Amount^		Value†
			(000)
FRANCE — (Continued)
BPCE SA
	2.650%, 02/03/21			330	$	332,564
Credit Agricole SA
	2.750%, 06/10/20			1,000		1,001,148
Sanofi
	0.875%, 09/22/21	EUR		5,000		5,521,482
Societe Generale SA
	2.625%, 09/16/20			2,000		2,008,704

TOTAL FRANCE						31,367,554

GERMANY — (1.2%)
BMW US Capital LLC
W	2.000%, 04/11/21			3,000		2,984,244
Daimler Finance North America LLC
W	2.700%, 08/03/20			3,060		3,054,001
Deutsche Bahn Finance GMBH
	4.375%, 09/23/21	EUR		175		203,264
Deutsche Bank AG
	2.950%, 08/20/20			2,463		2,461,345
Siemens Financieringsmaatschappij NV
	2.900%, 05/27/22			1,000		1,036,995
Volkswagen Group of America Finance LLC
	2.400%, 05/22/20			2,000		2,001,177

TOTAL GERMANY						11,741,026

JAPAN — (3.3%)
American Honda Finance Corp.
#(r)	1.923%, 02/12/21			6,000		5,951,308
	1.950%, 05/20/22			500		499,659
Mitsubishi UFJ Financial Group, Inc.
	2.950%, 03/01/21			513		520,942
(r)	1.833%, 09/13/21			2,500		2,496,200
Mizuho Financial Group, Inc.
	2.632%, 04/12/21			2,000		2,028,143
Sumitomo Mitsui Banking Corp.
	2.650%, 07/23/20			2,250		2,258,640
Sumitomo Mitsui Financial Group, Inc.
(r)	2.275%, 10/19/21			3,520		3,521,328

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED

Face

Amount^

Value†

(000)

JAPAN — (Continued)

Toyota Finance Australia, Ltd.

0.000%, 04/09/21

EUR

2,000

2,175,617

Toyota Motor Credit Corp.

(r)

1.591%, 04/13/21

12,000

11,935,860

TOTAL JAPAN

31,387,697

NETHERLANDS — (0.7%)

Nederlandse Waterschapsbank NV

(r)W

0.811%, 12/15/21

5,000

4,997,795

Shell International Finance BV

1.875%, 05/10/21

1,263

1,267,996

TOTAL NETHERLANDS

6,265,791

SINGAPORE — (0.2%)

Temasek Financial I, Ltd.

0.500%, 03/01/22

EUR

2,000

2,204,911

SPAIN — (1.5%)

Santander UK Group Holdings P.L.C

2.875%, 10/16/20

4,000

4,023,073

3.125%, 01/08/21

1,808

1,824,777

Telefonica Emisiones SA

5.462%, 02/16/21

8,000

8,239,428

TOTAL SPAIN

14,087,278

SUPRANATIONAL ORGANIZATION OBLIGATIONS — (3.5%)

Council Of Europe Development Bank

3.000%, 07/13/20

EUR

2,000

2,205,393

European Stability Mechanism Treasury Bill

(5.580%), 05/07/20

EUR

28,000

30,684,402

TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS

32,889,795

SWEDEN — (2.7%)

Kommuninvest I Sverige AB

1.000%, 09/15/21

SEK

250,000

25,927,219

SWITZERLAND — (0.5%)

Credit Suisse AG

3.000%, 10/29/21

1,500

1,535,519

Nestle Finance International, Ltd.

2.125%, 09/10/21

EUR

2,875

3,234,146

TOTAL SWITZERLAND

4,769,665


		Face
		Amount^		Value†
		(000)
UNITED KINGDOM — (1.5%)
Barclays P.L.C.
	2.875%, 06/08/20		5,000	$	5,005,211
	3.250%, 01/12/21		1,085		1,092,801
HSBC USA, Inc.
	2.750%, 08/07/20		6,725		6,752,232
Lloyds Banking Group P.L.C
	3.100%, 07/06/21		1,000		1,011,147

TOTAL UNITED KINGDOM					13,861,391

UNITED STATES — (25.6%)
AbbVie, Inc.
	2.500%, 05/14/20		11,317		11,321,187
Aircastle, Ltd.
	5.125%, 03/15/21		5,000		4,884,282
Allergan, Inc.
	3.375%, 09/15/20		1,570		1,572,846
American Express Credit Corp.
	2.600%, 09/14/20		1,600		1,607,192
American International Group, Inc.
	3.375%, 08/15/20		3,470		3,489,682
	6.400%, 12/15/20		7,000		7,215,471
Amgen, Inc.
	2.200%, 05/11/20		9,990		9,992,497
Anthem, Inc.
	4.350%, 08/15/20		1,128		1,137,500
	2.500%, 11/21/20		11,352		11,435,231
Aon Corp.
	5.000%, 09/30/20		1,000		1,013,633
Aon P.L.C
	2.800%, 03/15/21		3,380		3,417,160
AutoZone, Inc.
	2.500%, 04/15/21		2,045		2,060,200
Bank of America Corp.
	2.625%, 10/19/20		1,010		1,016,863
Best Buy Co., Inc.
	5.500%, 03/15/21		6,000		6,084,581
Bristol-Myers Squibb Co.
W	2.875%, 02/19/21		7,000		7,105,024
Cardinal Health, Inc.
	4.625%, 12/15/20		5,150		5,233,384
Caterpillar Financial Services Corp.
(r)	1.872%, 05/15/20		5,000		4,999,891
(r)	0.971%, 03/15/21		3,000		2,989,567
(r)	1.279%, 09/07/21		1,800		1,779,842
Citigroup, Inc.
	2.650%, 10/26/20		2,575		2,592,982
	2.700%, 03/30/21		2,234		2,264,497
Citizens Bank NA
	2.550%, 05/13/21		8,000		8,082,060

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED


		Face
		Amount^		Value†
		(000)
UNITED STATES — (Continued)
Comcast Corp.
(r)	1.873%, 10/01/21		1,800	$	1,796,881
Dominion Energy Gas Holdings LLC
	2.800%, 11/15/20		2,000		2,009,970
Enterprise Products Operating LLC
	5.200%, 09/01/20		3,839		3,877,129
Eversource Energy
	2.500%, 03/15/21		4,050		4,083,226
Exelon Corp.
	2.850%, 06/15/20		1,205		1,205,675
Exelon Generation Co. LLC
	4.000%, 10/01/20		2,050		2,057,720
Fifth Third Bancorp
	2.875%, 07/27/20		1,250		1,253,050
GE Capital International Funding Co., Unlimited Co.
	2.342%, 11/15/20		3,000		3,003,581
General Electric Co.
	4.375%, 09/16/20		7,000		7,051,664
General Motors Financial Co., Inc.
	4.200%, 03/01/21		500		496,581
Goldman Sachs Group, Inc. (The)
	6.000%, 06/15/20		6,320		6,353,686
Harley-Davidson Financial Services, Inc.
	2.400%, 06/15/20		2,600		2,599,798
W	2.850%, 01/15/21		6,000		5,980,648
Hewlett Packard Enterprise Co.
	3.600%, 10/15/20		12,000		12,075,720
Huntington National Bank
	2.875%, 08/20/20		2,000		2,008,098
Integrys Holding, Inc.
	4.170%, 11/01/20		4,060		4,089,325
Intercontinental Exchange, Inc.
#	2.750%, 12/01/20		2,229		2,246,676
JPMorgan Chase & Co.
	4.350%, 08/15/21		750		779,685
Keurig Dr Pepper, Inc.
	3.200%, 11/15/21		630		642,624
KeyCorp
	2.900%, 09/15/20		3,128		3,145,922
Kraft Heinz Foods Co.
	2.800%, 07/02/20		1,909		1,905,340
Kroger Co. (The)
	2.950%, 11/01/21		2,334		2,390,755
LG&E & KU Energy LLC
	3.750%, 11/15/20		1,244		1,250,787


			Face
			Amount^		Value†
			(000)
UNITED STATES — (Continued)
Liberty Mutual Group, Inc.
	5.000%, 06/01/21			980	$	1,010,519
LyondellBasell Industries NV
	6.000%, 11/15/21			5,000		5,256,120
Marriott International, Inc.
	2.875%, 03/01/21			600		588,266
Marsh & McLennan Cos. Inc.
	4.800%, 07/15/21			1,526		1,577,564
Mylan N.V.
	3.150%, 06/15/21			1,214		1,221,234
National Rural Utilities
Cooperative Finance Corp.
(r)	1.750%, 06/30/21			1,800		1,780,374
NBCUniversal Enterprise, Inc.
(r)W	1.833%, 04/01/21			1,500		1,500,121
NetApp, Inc.
	3.375%, 06/15/21			4,880		4,968,550
Philip Morris International, Inc.
	2.900%, 11/15/21			5,159		5,302,649
PNC Bank NA
	2.300%, 06/01/20			2,000		2,000,000
	2.600%, 07/21/20			4,116		4,125,660
Procter & Gamble Co. (The)
	2.000%, 11/05/21	EUR		1,153		1,297,587
Roper Technologies, Inc.
	3.000%, 12/15/20			5,070		5,109,556
Sempra Energy
	2.850%, 11/15/20			6,000		6,047,083
Southern Power Co.
	2.375%, 06/01/20			1,645		1,646,497
UnitedHealth Group, Inc.
	2.125%, 03/15/21			2,905		2,935,523
Walmart, Inc.
#	2.850%, 06/23/20			12,858		12,902,770
Wells Fargo & Co.
	2.550%, 12/07/20			1,450		1,461,466
	4.600%, 04/01/21			3,400		3,508,485
#(r)	2.016%, 07/26/21			3,000		2,996,839
Xcel Energy, Inc.
	2.400%, 03/15/21			2,622		2,642,778

TOTAL UNITED STATES						243,479,754

TOTAL BONDS						552,305,834

U.S. TREASURY OBLIGATIONS — (30.3%)
U.S. Treasury Bills
	0.170%, 07/14/20			15,000		14,997,379
	0.190%, 09/08/20			10,000		9,995,125
	0.160%, 10/01/20			15,000		14,992,828
U.S. Treasury Notes
	1.625%, 07/31/20			8,000		8,030,484
(r)~«	0.240%, 01/31/21			22,000		22,016,377

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED

Face

Amount^

Value†

(000)

(r)~«

0.264%, 04/30/21

187,000

187,187,039

(r)

0.279%, 01/31/22

30,000

30,039,402

TOTAL U.S. TREASURY OBLIGATIONS

287,258,634

TOTAL INVESTMENT SECURITIES
(Cost $845,109,542)

839,564,468

COMMERCIAL PAPER — (11.4%)

Airbus Group Finance

1.137%, 05/26/20

7,000

6,998,999

Astrazeneca P.L.C

2.000%, 10/28/20

3,000

2,978,868

AT&T, Inc.

1.400%, 08/03/20

5,000

4,981,722

Bayer Corp.

2.450%, 09/01/20

3,200

3,179,058

Caisse Des Depots Et

1.640%, 05/12/20

30,000

29,998,690

DBS Bank, Ltd.

1.660%, 05/12/20

30,000

29,998,160

Dupont De Nemours, Inc.

1.300%, 07/07/20

4,500

4,489,113

Face

Amount^

Value†

(000)

Emerson Electric Co.

1.017%, 08/06/20

4,500

4,489,159

Honeywell International

1.018%, 09/18/20

8,000

7,982,140

Parker-Hannifin Corp.

1.330%, 06/22/20

3,000

2,998,233

Walgreens Boots

1.150%, 06/23/20

3,500

3,491,548

Walt Disney Co.

1.400%, 05/27/20

7,000

6,998,745

TOTAL COMMERCIAL PAPER

108,584,435

Shares

SECURITIES LENDING COLLATERAL — (0.2%)

@§

The DFA Short Term Investment Fund

171,416

1,983,454

TOTAL INVESTMENTS — (100.0%)
(Cost $955,609,062)

950,132,357

As of April 30, 2020, DFA Commodity Strategy Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying consolidated financial statements:


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Foreign Exchange Appreciation (Depreciation)
USD	84,873,212	EUR	77,867,718	State Street Bank And Trust		06/09/20	$	(516,139	)
USD	37,981,150	CAD	53,370,306	JP Morgan New York		06/23/20		(365,275	)
USD	25,530,339	SEK	255,519,772	State Street Bank And Trust		07/14/20		(679,026	)
USD	46,629,305	CAD	65,559,791	State Street Bank And Trust		07/24/20		(479,414	)

Total (Depreciation)							$	(2,039,854	)

As of April 30, 2020, DFA Commodity Strategy Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
CBOT Corn Futures		154		07/14/20	$	2,655,977	$	2,464,000	$	(191,977	)
CBOT Soybean Futures		61		07/14/20		2,671,209		2,608,512		(62,697	)
CBOT Soybean Meal Futures		56		07/14/20		1,735,287		1,652,560		(82,727	)
CBOT Soybean Oil Futures		71		07/14/20		1,165,538		1,133,160		(32,378	)

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED


Description	Number of Contracts			Expiration Date		Notional Value			Market Value			Unrealized Appreciation (Depreciation)
COMEX Silver Futures		21			07/29/20	$	1,571,287		$	1,572,165		$	878
Copper Futures		51			07/29/20		2,841,763			2,988,600			146,837
Gasoline Rbob Futures		16			06/30/20		503,352			542,909			39,557
Gold 100 Oz. Futures		44			08/27/20		7,485,859			7,484,400			(1,459	)
ICE Brent Crude Oil Futures		52			05/29/20		1,698,515			1,376,960			(321,555	)
Kc Hrw Wheat Futures		32			07/14/20		786,316			780,800			(5,516	)
Lean Hogs Futures		33			07/15/20		840,625			798,600			(42,025	)
Live Cattle Futures		40			08/31/20		1,448,120			1,473,600			25,480
LME Nickel Futures		31			07/13/20		2,118,404			2,266,038			147,634
LME Nickel Futures		26			05/18/20		1,968,087			1,893,528			(74,559	)
LME Primary Aluminium Futures		89			07/13/20		3,420,195			3,314,694			(105,501	)
LME Primary Aluminium Futures		75			05/18/20		3,312,436			2,750,157			(562,279	)
LME Zinc Futures		54			07/13/20		2,544,456			2,616,975			72,519
LME Zinc Futures		46			05/18/20		2,605,780			2,225,238			(380,542	)
Low Su Gasoil G Futures		21			07/10/20		675,036			565,950			(109,086	)
Natural Gas Futures		188			06/26/20		3,715,933			4,079,600			363,667
Ny Harb Ulsd Futures		13			06/30/20		599,054			482,937			(116,117	)
NYBOT CSC ’C’ Coffee Futures		30			07/21/20		1,337,106			1,195,875			(141,231	)
NYBOT CTN No. 2 Cotton Futures		22			07/09/20		572,892			630,630			57,738
Sugar #11 Futures		101			06/30/20		1,213,188			1,173,055			(40,133	)
Wheat Futures (cbt)		56			07/14/20		1,554,549			1,467,900			(86,649	)
Wti Crude Futures		65			08/20/20		1,551,712			1,714,050			162,338

Total						$	52,592,676		$	51,252,893		$	(1,339,783	)
Short Position contracts:
LME Nickel Futures		(26	)		05/18/20		(1,893,249	)		(1,893,528	)		(279	)
LME Nickel Futures		(14	)		07/13/20		(980,553	)		(1,023,372	)		(42,819	)
LME Primary Aluminium Futures		(75	)		05/18/20		(3,123,331	)		(2,750,157	)		373,174
LME Primary Aluminium Futures		(40	)		07/13/20		(1,511,045	)		(1,489,750	)		21,295
LME Zinc Futures		(46	)		05/18/20		(2,269,180	)		(2,225,238	)		43,942
LME Zinc Futures		(24	)		07/13/20		(1,124,417	)		(1,163,100	)		(38,683	)

Total						$	(10,901,775	)	$	(10,545,145	)	$	356,630

Total Futures Contracts						$	41,690,901		$	40,707,748		$	(983,153	)

As of April 30, 2020, DFA Commodity Strategy Portfolio had entered into the following outstanding Total Return Swaps:


Reference Entity*	Counterparty	Notional Amount			Payments received (paid) by the Fund**	Expiration Date		Upfront Premiums Paid		Upfront Premiums Received		Market Value		Unrealized Appreciation (Depreciation)
BofA Merrill Lynch Commodity MLBXPPDM Total Return Index (1)	Bank of America Corp.		USD	114,018,308	3 Month USD UST 13-Week Bill High Discount Rate plus 0.14%		06/29/20		—		—	$	1,111,596	$	1,111,596
BofA Merrill Lynch Total Return Index (2)	Bank of America Corp.		USD	127,238,243	3 Month USD UST 13-Week Bill High Discount Rate plus 0.19%		06/30/20		—		—		1,182,623		1,182,623
Citi Commodities Pre-Roll RS Total Return Index (3)	Citibank, N.A.		USD	174,137,410	3 Month USD UST 13-Week Bill High Discount Rate plus 0.19%		06/29/20		—		—		233,599		233,599

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED


Reference Entity*	Counterparty	Notional Amount			Payments received (paid) by the Fund**	Expiration Date		Upfront Premiums Paid		Upfront Premiums Received		Market Value		Unrealized Appreciation (Depreciation)
Citi Custom CIVICS H Total Return Index (4)					3 Month USD UST 13-Week Bill High Discount Rate
	Citibank, N.A.		USD	71,790,061	plus 0.14%		06/29/20		—		—	$	60,874	$	60,874
Credit Suisse Custom 141 Total Return Index (5)	Credit Suisse		USD	129,990,868	3 Month USD UST 13-Week Bill High Discount Rate plus 0.18%		05/28/20		—		—		1,708,590		1,708,590
Credit Suisse Custom 57 Total Return Index (6)	Credit Suisse		USD	75,446,633	3 Month USD UST 13-Week Bill High Discount Rate plus 0.14%		05/28/20		—		—		1,597,006		1,597,006
UBS UBSIB190 Custom Strategy (7)					3 Month USD UST 13-Week Bill High Discount Rate
	UBS AG		USD	257,175,770	plus 0.14%		07/31/20		—		—		5,005,699		5,005,699

Total									—		—	$	10,899,987	$	10,899,987

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

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

(1)	The following table represents the individual positions within the Total Return Swap as of April 30, 2020:

Referenced Commodity — Long Position


Futures Contract	% of Index			Notional Amount
ICE Brent Crude Oil Futures		3.80	%	USD $	4,348,394
ICE Gasoil Futures		1.41	%		1,611,932
NYMEX Reformulated Gasoline Blend Futures		1.31	%		1,497,037
NYMEX NY Harbor ULSD Futures		1.15	%		1,308,251
NYMEX Henry Hub Natural Gas Futures		10.01	%		11,410,170
NYMEX Light Sweet Crude Oil Futures		4.20	%		4,794,005
CBOT Corn Futures		6.06	%		6,904,177
KCBT Hard Red Winter Wheat Futures		1.90	%		2,171,153
CBOT Soybean Meal Futures		4.03	%		4,589,777
CBOT Soybean Oil Futures		2.77	%		3,156,408
CBOT Soybean Futures		6.37	%		7,262,842
CBOT Wheat Futures		3.62	%		4,122,203
CME Lean Hogs Futures		1.94	%		2,209,879
CME Live Cattle Futures		3.65	%		4,161,771
LME Primary Aluminum Futures		4.44	%		5,058,283
COMEX Copper Futures		7.29	%		8,306,355
LME Nickel Futures		3.00	%		3,422,736
LME Zinc Futures		3.52	%		4,017,785
COMEX Gold 100 Troy Oz. Futures		18.36	%		20,932,777
COMEX Silver Futures		3.84	%		4,374,623
NYBOT CSC ’C’ Coffee Futures		2.94	%		3,349,823
NYBOT CSC No. 11 World Sugar Futures		2.86	%		3,266,378
NYBOT CTN No. 2 Cotton Futures		1.53	%		1,741,549

Total Notional Amount				$	114,018,308

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED

(2)	The following table represents the individual positions within the Total Return Swap as of April 30, 2020:

Referenced Commodity — Long Position


Futures Contract	% of Index			Notional Amount
ICE Brent Crude Oil Futures		2.63	%	USD $	3,357,563
ICE Gasoil Futures		1.10	%		1,409,962
NYMEX Reformulated Gasoline Blend Futures		1.02	%		1,300,469
NYMEX NY Harbor ULSD Futures		0.90	%		1,139,098
NYMEX Henry Hub Natural Gas Futures		8.26	%		10,508,271
NYMEX Light Sweet Crude Oil Futures		2.89	%		3,677,637
CBOT Corn Futures		6.24	%		7,938,014
KCBT Hard Red Winter Wheat Futures		1.56	%		1,982,038
CBOT Soybean Meal Futures		4.94	%		6,283,808
CBOT Soybean Oil Futures		2.26	%		2,869,643
CBOT Soybean Futures		6.52	%		8,290,249
CBOT Wheat Futures		4.43	%		5,638,253
CME Lean Hogs Futures		2.19	%		2,781,323
CME Live Cattle Futures		2.75	%		3,505,151
LME Primary Aluminum Futures		4.55	%		5,787,418
COMEX Copper Futures		7.43	%		9,448,669
LME Nickel Futures		3.06	%		3,899,243
LME Zinc Futures		3.60	%		4,579,526
COMEX Gold 100 Troy Oz. Futures		22.48	%		28,605,233
COMEX Silver Futures		3.97	%		5,045,570
NYBOT CSC ’C’ Coffee Futures		3.01	%		3,830,605
NYBOT CSC No. 11 World Sugar Futures		2.34	%		2,978,450
NYBOT CTN No. 2 Cotton Futures		1.87	%		2,382,050

Total Notional Amount				$	127,238,243

(3)	The following table represents the individual positions within the Total Return Swap as of April 30, 2020:

Referenced Commodity — Long Position


Futures Contract	% of Index			Notional Amount
ICE Brent Crude Oil Futures		2.63	%	USD $	4,595,138
ICE Gasoil Futures		1.10	%		1,929,663
NYMEX Reformulated Gasoline Blend Futures		1.02	%		1,779,813
NYMEX NY Harbor ULSD Futures		0.90	%		1,558,961
NYMEX Henry Hub Natural Gas Futures		8.26	%		14,381,550
NYMEX Light Sweet Crude Oil Futures		2.89	%		5,033,189
CBOT Corn Futures		6.24	%		10,863,913
KCBT Hard Red Winter Wheat Futures		1.56	%		2,712,605
CBOT Soybean Meal Futures		4.94	%		8,599,978
CBOT Soybean Oil Futures		2.26	%		3,927,374
CBOT Soybean Futures		6.52	%		11,345,979
CBOT Wheat Futures		4.43	%		7,716,476
CME Lean Hogs Futures		2.19	%		3,806,500
CME Live Cattle Futures		2.75	%		4,797,126

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED


Futures Contract	% of Index			Notional Amount
LME Primary Aluminum Futures		4.55	%		7,920,622
COMEX Copper Futures		7.43	%		12,931,386
LME Nickel Futures		3.06	%		5,336,478
LME Zinc Futures		3.60	%		6,267,509
COMEX Gold 100 Troy Oz. Futures		22.48	%		39,148,930
COMEX Silver Futures		3.97	%		6,905,334
NYBOT CSC ’C’ Coffee Futures		3.01	%		5,242,541
NYBOT CSC No. 11 World Sugar Futures		2.34	%		4,076,287
NYBOT CTN No. 2 Cotton Futures		1.87	%		3,260,058

Total Notional Amount				$	174,137,410

(4)	The following table represents the individual positions within the Total Return Swap as of April 30, 2020:

Referenced Commodity — Long Position


Futures Contract	% of Index			Notional Amount
ICE Brent Crude Oil Futures		3.80	%	USD $	2,737,907
ICE Gasoil Futures		1.41	%		1,014,931
NYMEX Reformulated Gasoline Blend Futures		1.31	%		942,589
NYMEX NY Harbor ULSD Futures		1.15	%		823,722
NYMEX Henry Hub Natural Gas Futures		10.01	%		7,184,257
NYMEX Light Sweet Crude Oil Futures		4.20	%		3,018,479
CBOT Corn Futures		6.06	%		4,347,120
KCBT Hard Red Winter Wheat Futures		1.90	%		1,367,037
CBOT Soybean Meal Futures		4.03	%		2,889,890
CBOT Soybean Oil Futures		2.77	%		1,987,389
CBOT Soybean Futures		6.37	%		4,572,949
CBOT Wheat Futures		3.62	%		2,595,489
CME Lean Hogs Futures		1.94	%		1,391,420
CME Live Cattle Futures		3.65	%		2,620,402
LME Primary Aluminum Futures		4.44	%		3,184,878
COMEX Copper Futures		7.29	%		5,229,982
LME Nickel Futures		3.00	%		2,155,079
LME Zinc Futures		3.52	%		2,529,743
COMEX Gold 100 Troy Oz. Futures		18.36	%		13,180,035
COMEX Silver Futures		3.84	%		2,754,421
NYBOT CSC ’C’ Coffee Futures		2.94	%		2,109,170
NYBOT CSC No. 11 World Sugar Futures		2.86	%		2,056,630
NYBOT CTN No. 2 Cotton Futures		1.53	%		1,096,542

Total Notional Amount				$	71,790,061

(5)	The following table represents the individual positions within the Total Return Swap as of April 30, 2020:

Referenced Commodity — Long Position


Futures Contract	% of Index			Notional Amount
ICE Brent Crude Oil Futures		2.63	%	USD $	3,430,201
ICE Gasoil Futures		1.10	%		1,440,465
NYMEX Reformulated Gasoline Blend Futures		1.02	%		1,328,602
NYMEX NY Harbor ULSD Futures		0.90	%		1,163,740
NYMEX Henry Hub Natural Gas Futures		8.26	%		10,735,603
NYMEX Light Sweet Crude Oil Futures		2.89	%		3,757,197

100

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED


Futures Contract	% of Index			Notional Amount
CBOT Corn Futures		6.24	%		8,109,742
KCBT Hard Red Winter Wheat Futures		1.56	%		2,024,917
CBOT Soybean Meal Futures		4.94	%		6,419,750
CBOT Soybean Oil Futures		2.26	%		2,931,723
CBOT Soybean Futures		6.52	%		8,469,597
CBOT Wheat Futures		4.43	%		5,760,229
CME Lean Hogs Futures		2.19	%		2,841,493
CME Live Cattle Futures		2.75	%		3,580,980
LME Primary Aluminum Futures		4.55	%		5,912,621
COMEX Copper Futures		7.43	%		9,653,078
LME Nickel Futures		3.06	%		3,983,598
LME Zinc Futures		3.60	%		4,678,598
COMEX Gold 100 Troy Oz. Futures		22.48	%		29,224,068
COMEX Silver Futures		3.97	%		5,154,724
NYBOT CSC ’C’ Coffee Futures		3.01	%		3,913,475
NYBOT CSC No. 11 World Sugar Futures		2.34	%		3,042,885
NYBOT CTN No. 2 Cotton Futures		1.87	%		2,433,582

Total Notional Amount				$	129,990,868

(6)	The following table represents the individual positions within the Total Return Swap as of April 30, 2020:

Referenced Commodity — Long Position


Futures Contract	% of Index			Notional Amount
ICE Brent Crude Oil Futures		3.80	%	USD $	2,877,358
ICE Gasoil Futures		1.41	%		1,066,626
NYMEX Reformulated Gasoline Blend Futures		1.31	%		990,599
NYMEX NY Harbor ULSD Futures		1.15	%		865,678
NYMEX Henry Hub Natural Gas Futures		10.01	%		7,550,181
NYMEX Light Sweet Crude Oil Futures		4.20	%		3,172,223
CBOT Corn Futures		6.06	%		4,568,538
KCBT Hard Red Winter Wheat Futures		1.90	%		1,436,666
CBOT Soybean Meal Futures		4.03	%		3,037,085
CBOT Soybean Oil Futures		2.77	%		2,088,615
CBOT Soybean Futures		6.37	%		4,805,869
CBOT Wheat Futures		3.62	%		2,727,688
CME Lean Hogs Futures		1.94	%		1,462,291
CME Live Cattle Futures		3.65	%		2,753,870
LME Primary Aluminum Futures		4.44	%		3,347,098
COMEX Copper Futures		7.29	%		5,496,367
LME Nickel Futures		3.00	%		2,264,846
LME Zinc Futures		3.52	%		2,658,593
COMEX Gold 100 Troy Oz. Futures		18.36	%		13,851,350
COMEX Silver Futures		3.84	%		2,894,716
NYBOT CSC ’C’ Coffee Futures		2.94	%		2,216,599
NYBOT CSC No. 11 World Sugar Futures		2.86	%		2,161,383
NYBOT CTN No. 2 Cotton Futures		1.53	%		1,152,394

Total Notional Amount				$	75,446,633

101

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED

(7)	The following table represents the individual positions within the Total Return Swap as of April 30, 2020:

Referenced Commodity — Long Position


Futures Contract	% of Index			Notional Amount
ICE Brent Crude Oil Futures		3.80	%	USD $	9,808,085
ICE Gasoil Futures		1.41	%		3,635,819
NYMEX Reformulated Gasoline Blend Futures		1.31	%		3,376,666
NYMEX NY Harbor ULSD Futures		1.15	%		2,950,846
NYMEX Henry Hub Natural Gas Futures		10.01	%		25,736,387
NYMEX Light Sweet Crude Oil Futures		4.20	%		10,813,192
CBOT Corn Futures		6.06	%		15,572,825
KCBT Hard Red Winter Wheat Futures		1.90	%		4,897,179
CBOT Soybean Meal Futures		4.03	%		10,352,544
CBOT Soybean Oil Futures		2.77	%		7,119,485
CBOT Soybean Futures		6.37	%		16,381,817
CBOT Wheat Futures		3.62	%		9,297,900
CME Lean Hogs Futures		1.94	%		4,984,526
CME Live Cattle Futures		3.65	%		9,387,147
LME Primary Aluminum Futures		4.44	%		11,409,289
COMEX Copper Futures		7.29	%		18,735,528
LME Nickel Futures		3.00	%		7,720,206
LME Zinc Futures		3.52	%		9,062,377
COMEX Gold 100 Troy Oz. Futures		18.36	%		47,215,250
COMEX Silver Futures		3.84	%		9,867,249
NYBOT CSC ’C’ Coffee Futures		2.94	%		7,555,745
NYBOT CSC No. 11 World Sugar Futures		2.86	%		7,367,530
NYBOT CTN No. 2 Cotton Futures		1.53	%		3,928,178

Total Notional Amount				$	257,175,770

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2			Level 3		Total
Bonds
Australia		—	$	14,566,368			—	$	14,566,368
Belgium		—		17,857,844			—		17,857,844
Canada		—		96,445,653			—		96,445,653
Denmark		—		5,453,888			—		5,453,888
France		—		31,367,554			—		31,367,554
Germany		—		11,741,026			—		11,741,026
Japan		—		31,387,697			—		31,387,697
Netherlands		—		6,265,791			—		6,265,791
Singapore		—		2,204,911			—		2,204,911
Spain		—		14,087,278			—		14,087,278
Supranational Organization Obligations		—		32,889,795			—		32,889,795
Sweden		—		25,927,219			—		25,927,219
Switzerland		—		4,769,665			—		4,769,665
United Kingdom		—		13,861,391			—		13,861,391
United States		—		243,479,754			—		243,479,754
U.S. Treasury Obligations		—		287,258,634			—		287,258,634
Commercial Paper		—		108,584,435			—		108,584,435
Securities Lending Collateral		—		1,983,454			—		1,983,454
Forward Currency Contracts**		—		(2,039,854	)		—		(2,039,854	)

102

DFA COMMODITY STRATEGY PORTFOLIO

CONTINUED


	Investments in Securities (Market Value)
	Level 1			Level 2		Level 3		Total
Futures Contracts**	$	(983,153	)		—		—	$	(983,153	)
Swap Agreements**		—		$	10,899,987		—		10,899,987

TOTAL	$	(983,153	)	$	958,992,490		—	$	958,009,337

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

See accompanying Notes to Financial Statements.

103

DFA INVESTMENT DIMENSIONS GROUP INC.

CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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


	DFA Commodity Strategy Portfolio*
ASSETS:
Investment Securities at Value (including $1,955 of securities on loan)	$	948,149
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $1,983)		1,983
Foreign Currencies at Value		3
Segregated Cash for Swaps Contracts		27,244
Cash		79,773
Receivables:
Dividends and Interest		4,084
Securities Lending Income		1
Fund Shares Sold		10,119
Futures Margin Variation		83
Unrealized Gain on Swap Contracts		10,900
Prepaid Expenses and Other Assets		42

Total Assets		1,082,381

LIABILITIES:
Payables:
Upon Return of Securities Loaned		2,003
Investment Securities Purchased		46,871
Fund Shares Redeemed		5,415
Due to Advisor		239
Due to Broker		533
Unrealized Loss on Forward Currency Contracts		2,040
Accrued Expenses and Other Liabilities		191

Total Liabilities		57,292

NET ASSETS	$	1,025,089

SHARES OUTSTANDING, $0.01 PAR VALUE (1)		239,131,113

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE	$	4.29

Investment Securities at Cost	$	953,626

Foreign Currencies at Cost	$	3

NET ASSETS CONSIST OF:
Paid-In Capital	$	1,330,588
Total Distributable Earnings (Loss)		(305,499	)

NET ASSETS	$	1,025,089

(1) NUMBER OF SHARES AUTHORIZED		1,800,000,000

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

See accompanying Notes to Financial Statements.

104

DFA INVESTMENT DIMENSIONS GROUP INC.

CONSOLIDATED STATEMENT OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	DFA Commodity Strategy Portfolio^#
Investment Income
Interest	$	12,855
Income from Securities Lending		10

Total Investment Income		12,865

Expenses
Investment Management Fees		2,473
Accounting & Transfer Agent Fees		136
Custodian Fees		18
Filing Fees		29
Shareholders’ Reports		54
Directors’/Trustees’ Fees & Expenses		4
Professional Fees		14
Other		11

Total Expenses		2,739

Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note D)		(481	)
Fees Paid Indirectly (Note D)		(9	)

Net Expenses		2,249

Net Investment Income (Loss)		10,616

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		(3,520	)
Futures		(10,378	)
Swap Contracts		(311,565	)
Foreign Currency Transactions		(71	)
Forward Currency Contracts		7,693
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(4,798	)
Affiliated Investment Companies Shares		(1	)
Futures		(1,666	)
Swap Contracts		19,703
Translation of Foreign Currency-Denominated Amounts		(35	)
Forward Currency Contracts		587

Net Realized and Unrealized Gain (Loss)		(304,051	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(293,435	)

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

105

DFA INVESTMENT DIMENSIONS GROUP INC.

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	DFA Commodity Strategy Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	10,616		$	34,339
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(3,520	)		(5,105	)
Affiliated Investment Companies Shares Sold		—			1
Futures		(10,378	)		(7,871	)
Swap Contracts		(311,565	)		(121,360	)
Foreign Currency Transactions		(71	)		22
Forward Currency Contracts		7,693			14,639
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(4,798	)		21,976
Affiliated Investment Companies Shares		(1	)		—
Futures		(1,666	)		4,368
Swap Contracts		19,703			19,967
Translation of Foreign Currency-Denominated Amounts		(35	)		17
Forward Currency Contracts		587			(6,022	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(293,435	)		(45,029	)

Distributions:
Institutional Class Shares		(16,600	)		(36,041	)
Capital Share Transactions (1):
Shares Issued		282,752			637,187
Shares Issued in Lieu of Cash Distributions		15,097			32,129
Shares Redeemed		(541,769	)		(1,005,190	)

Net Increase (Decrease) from Capital Share Transactions		(243,920	)		(335,874	)

Total Increase (Decrease) in Net Assets		(553,955	)		(416,944	)
Net Assets
Beginning of Period		1,579,044			1,995,988

End of Period	$	1,025,089		$	1,579,044

(1) Shares Issued and Redeemed:
Shares Issued		58,563			116,397
Shares Issued in Lieu of Cash Distributions		2,780			5,930
Shares Redeemed		(111,610	)		(184,535	)

Net Increase (Decrease) from Shares Issued and Redeemed		(50,267	)		(62,208	)

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

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

See accompanying Notes to Financial Statements.

106

DFA INVESTMENT DIMENSIONS GROUP INC.

CONSOLIDATED FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	DFA Commodity Strategy Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)
Net Asset Value, Beginning of Period.	$	5.46		$	5.68		$	5.98		$	5.88		$	5.93		$	8.00

Income from Investment Operations (A)
Net Investment Income (Loss)		0.04			0.11			0.10			0.07			0.05			0.05
Net Gains (Losses) on Securities (Realized and Unrealized)		(1.15	)		(0.22	)		(0.25	)		0.11			(0.07	)		(2.05	)

Total from Investment Operations		(1.11	)		(0.11	)		(0.15	)		0.18			(0.02	)		(2.00	)

Less Distributions:
Net Investment Income		(0.06	)		(0.11	)		(0.15	)		(0.08	)		(0.03	)		(0.06	)
Net Realized Gains		—			—			—			—			—			(0.01	)

Total Distributions		(0.06	)		(0.11	)		(0.15	)		(0.08	)		(0.03	)		(0.07	)

Net Asset Value, End of Period	$	4.29		$	5.46		$	5.68		$	5.98		$	5.88		$	5.93

Total Return		(20.56	%)(B)		(1.99	%)		(2.43	%)		3.15	%		(0.26	%)		(25.16	%)

Net Assets, End of Period (thousands)	$	1,025,089		$	1,579,044		$	1,995,988		$	1,728,321		$	1,598,097		$	1,207,071
Ratio of Expenses to Average Net Assets		0.33	%(C)		0.33	%		0.32	%		0.33	%		0.33	%		0.34	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))		0.40	%(C)		0.41	%		0.39	%		0.39	%		0.40	%		0.40	%
Ratio of Net Investment Income to Average Net Assets		1.57	%(C)		1.99	%		1.61	%		1.17	%		0.95	%		0.77	%
Portfolio Turnover Rate		16	%(B)		38	%		78	%		102	%		159	%		124	%

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

See accompanying Notes to Financial Statements.

107

DFA INVESTMENT DIMENSIONS GROUP INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

A. Organization:

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

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

B. Significant Accounting Policies:

1. Security Valuation: The Portfolio uses a fair value hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:

•

Level 1 �� inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts)

•

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 – significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

Debt securities held by the Portfolio are valued on the basis of evaluated prices provided by one or more pricing services or other reasonably reliable sources including broker/dealers that typically handle the purchase and sale of such securities. Securities that are traded over-the-counter and on a stock exchange generally will be valued according to the broadest and most representative market, and it is expected that for bonds and other fixed income securities, this ordinarily will be the over-the-counter market. These securities are generally categorized as Level 2 in the hierarchy. Securities for which quotations are not readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors of the Fund. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of Dimensional Fund Advisors LP) occur before the net asset value of the Portfolio is calculated. When fair value pricing is used, the prices of securities used by the Portfolio may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

108

Futures contracts held by the Portfolio are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy. Swap agreements will be valued at the price provided by an independent third-party pricing service or source. If a price is not available from an independent third-party pricing service or source, the swap agreement will be valued in good faith at fair value in accordance with procedures adopted by the Board. These securities are generally categorized as Level 2 in the hierarchy.

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

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

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

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

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C. Basis for Consolidation:

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

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

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

As of April 30, 2020, the Portfolio held a $241,780,646 investment in the Subsidiary, representing 23.59% of the Portfolio’s total net assets. The accompanying consolidated financial statements include all assets, liabilities, revenues and expenses of the Portfolio and its wholly-owned Subsidiary. Intercompany balances and transactions have been eliminated in consolidation.

D. Investment Advisor:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Portfolio. For the six months ended April 30, 2020, the investment management fee was accrued daily and paid monthly to the Advisor based on the following effective annual rate of average daily net assets:


DFA Commodity Strategy Portfolio			0.29	%*

*	Effective as of February 28, 2020, the management fee payable by the Portfolio was reduced from 0.30% to 0.28%.

Pursuant to an Amended and Restated Fee Waiver and/or Expense Assumption Agreement (the “Fee Waiver Agreement”), the Advisor has contractually agreed to waive all or a portion of the management fee and to assume the expenses of the Portfolio (including the expenses that the Portfolio bears as a shareholder of other funds managed by the Advisor but excluding the expenses that the Portfolio incurs indirectly through investment of its securities lending cash collateral in The DFA Short Term Investment Fund and its investment in unaffiliated investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses to no more than 0.55% of the Portfolio’s average net assets on an annualized basis (the “Expense Limitation Amount”). At any time that the Portfolio Expenses of the Portfolio are less than the Expense Limitation Amount, the Advisor retains the right to recover fees previously waived and/or expenses previously assumed to the extent that the expense ratio following such recovery would be less than the Expense Limitation Amount that was in place when such prior year fees were waived and/or expenses assumed, and less than the current Expense Limitation Amount for the Portfolio. The Fund, on behalf of the Portfolio, is also not obligated to reimburse the Advisor for fees previously waived or expenses previously assumed by the Advisor more than thirty-six months before the date of recovery. The Fee Waiver Agreement for the Portfolio will remain in effect through February 28, 2021, and may only be terminated by the Fund’s Board of Directors prior to that date. The Fee Waiver Agreement will continue in effect from year to year thereafter unless terminated by the Fund or the Advisor. As of April 30, 2020, there were no previously waived fees/expenses assumed subject to future recovery by the Advisor.

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

For the six months ended April 30, 2020, approximately $481 (in thousands) of the Subsidiary’s management fees were waived pursuant to the Subsidiary fee waiver agreement.

Earned Income Credit:

Additionally, the Portfolio has entered into an arrangement with its custodian whereby net interest earned on uninvested cash balances was used to reduce a portion of the Portfolio’s custody expenses. Custody expense in the accompanying financial statements is presented before reduction for credits. The impact of such credits is generally less than one basis point of the Portfolio’s net assets. During the six months ended April 30, 2020, expenses reduced were as follows (amounts in thousands):


	Fees Paid Indirectly
DFA Commodity Strategy Portfolio	$	9

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Directors of the Advisor are also Officers and Directors of the Fund; however, such Officers and Directors (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the six months ended April 30, 2020, the total related amount paid by the Fund to the CCO was $206 (in thousands). The total related amounts paid by the Portfolio are included in Other Expenses on the Statement of Operations.

E. Deferred Compensation:

As of April 30, 2020, the total liability for deferred compensation to Directors/Trustees is included in Accrued Expenses and Other Liabilities on the Statement of Assets and Liabilities as follows (amount in thousands):


DFA Commodity Strategy Portfolio		$	19

F. Purchases and Sales of Securities:

For the six months ended April 30, 2020, the Portfolio made the following purchases and sales of investment securities, other than short-term securities and in-kind redemptions (amounts in thousands), were as follows:


	U.S. Government Securities				Other Investment Securities
	Purchases		Sales		Purchases		Sales
DFA Commodity Strategy Portfolio	$	116,848	$	311,610	$	46,393	$	341,071

For the six months ended April 30, 2020, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.

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


	Balance at October 31, 2019		Purchases at Cost		Proceeds from Sales		Net Realized Gain/ (Loss) on Sales		Change in Unrealized Appreciation/ Depreciation			Balance at April 30, 2020		Shares as of April 30, 2020		Dividend Income		Capital Gain Distributions
DFA Commodity Strategy Portfolio
The DFA Short Term Investment Fund	$	5,035	$	279,042	$	282,093		—	$	(1	)	$	1,983		171	$	158		—

Total	$	5,035	$	279,042	$	282,093		—	$	(1	)	$	1,983		171	$	158		—

G. Federal Income Taxes:

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

Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined under accounting principles generally accepted in the United States of America. These book/tax differences are either temporary or permanent in nature. To the extent that these differences are permanent, they are charged or credited to paid-in capital or distributable earnings, undistributed net investment income or accumulated net realized gains or losses, as appropriate, in the period that the differences arise. Accordingly, the permanent differences as of October 31, 2019, primarily attributable to adjustments between financial and tax reporting related to the Subsidiary, the use of accumulated earnings and profits distributed to shareholders on redemptions of shares as part of the dividends paid deduction for tax purposes, reversal of book income/loss from controlled foreign corporation and net foreign currency gains/losses, were reclassified to the accounts mentioned above. These reclassifications had no effect on net assets or net asset value per share.

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


	Net Investment Income and Short-Term Capital Gains		Long-Term Capital Gains		Tax Exempt Income		Total
DFA Commodity Strategy Portfolio
2018	$	44,438		—		—	$	44,438
2019		36,041		—		—		36,041


	Net Investment Income and Short-Term Capital Gains			Long-Term Capital Gains		Total
DFA Commodity Strategy Portfolio	$	(2,815	)		—	$	(2,815	)

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As of October 31, 2019, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):


	Undistributed Net Investment Income and Short-Term Capital Gains		Undistributed Long-Term Capital Gains		Capital Loss Carryforwards			Unrealized Appreciation (Depreciation)			Total Net Distributable Earnings (Accumulated Losses)
DFA Commodity Strategy Portfolio	$	12,263		—	$	(7,351	)	$	(281	)	$	4,631

For federal income tax purposes, the Fund measures its capital loss carryforwards annually at October 31, its fiscal year end. Capital loss carryforwards may be carried forward and applied against future capital gains. Under the Regulated Investment Company Modernization Act of 2010, capital losses incurred by the Portfolio after October 31, 2011, will not be subject to expiration and will retain their character as either short-term or long-term capital losses. As of October 31, 2019, the Portfolio had the following capital loss carryforwards available to offset future realized capital gains with no expiration date (amounts in thousands):


	Unlimited		Total
DFA Commodity Strategy Portfolio	$	7,351	$	7,351

During the year ended October 31, 2019, the Portfolio did not use capital loss carryforwards to offset realized capital gains for federal income tax purposes.


	Federal Tax Cost		Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
DFA Commodity Strategy Portfolio	$	2,530,838	$	2,727	$	(839,303	)	$	(836,576	)

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

H. Financial Instruments:

In accordance with the Portfolio’s investment objective and policies, the Portfolio may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:

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

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Derivative Financial Instruments:

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

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

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

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

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

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

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

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

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

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

Futures Activities:

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

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

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

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

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

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

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

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

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

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


	Forward Currency Contracts*		Futures**		Swap Contracts***
DFA Commodity Strategy Portfolio	$	422,765	$	68,245	$	1,293,225

*	Average amount of Currency Purchased/Sold in USD

**	Average Notional Value of contracts

***	Average Notional Value of agreements

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


	Asset Derivatives Value
	Total Value at April 30, 2020			Commodity Futures Contracts *,(1)			Swap Contracts (2)
DFA Commodity Strategy Portfolio	$	12,355		$	1,455		$	10,900

	Liability Derivatives Value
	Total Value at April 30, 2020			Forward Currency Contracts (3)			Commodity Futures Contracts (4)
DFA Commodity Strategy Portfolio	$	(4,478	)	$	(2,040	)	$	(2,438	)

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

(2)	Presented on Consolidated Statement of Assets and Liabilities as Unrealized Gain on Swap Contracts.

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

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

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

The following is a summary of the realized and change in unrealized gains and losses from the Portfolio’s derivative instrument holdings categorized by primary risk exposure for the six months ended April 30, 2020 (amounts in thousands):


	Realized Gain (Loss) on Derivatives
	Total			Forward Currency Contracts (1)		Commodity Futures Contracts (2)			Swap Contracts (3)
DFA Commodity Strategy Portfolio	$	(314,250	)	$	7,693	$	(10,378	)	$	(311,565	)

	Change in Unrealized Appreciation (Depreciation) on Derivatives
	Total			Forward Currency Contracts (4)		Commodity Futures Contracts (5)			Swap Contracts (6)
DFA Commodity Strategy Portfolio	$	18,624		$	587	$	(1,666	)	$	19,703

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

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

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

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

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

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

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Offsetting of Derivative Assets and Derivative Liabilities

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

The following table presents the Portfolio’s gross and net amount of assets and liabilities available for offset under netting arrangements as well as any related collateral received or pledged by the Portfolio as of April 30, 2020 (amounts in thousands):


			Net Amounts of Assets Presented in the Statements of Assets and Liabilities		Gross Amounts Not Offset in the Statements of Assets and Liabilities									Net Amounts of Liabilities Presented in the Statements of Assets and Liabilities		Gross Amounts Not Offset in the Statements of Assets and Liabilities
Description	Gross Amounts of Recognized Assets (a)				Financial Instruments (b)		Cash Collateral Received			Net Amount (c)		Gross Amounts of Recognized Liabilities (a)				Financial Instruments (d)		Cash Collateral Pledged		Net Amount (e)
	Assets											Liabilities
DFA Commodity Strategy Portfolio
Credit Suisse	$	3,306	$	3,306		—	$	(533	)	$	2,773		—		—		—		—		—
Bank of America Corp.		2,294		2,294		—		—			2,294		—		—		—		—		—
Citibank, N.A		294		294		—		—			294		—		—		—		—		—
State Street Bank And Trust		—		—		—		—			—	$	1,675	$	1,675		—		—	$	1,675
JP Morgan New York		—		—		—		—			—		365		365		—		—		365
UBS AG		5,006		5,006		—		—			5,006		—		—		—		—		—

Total	$	10,900	$	10,900		—		(533	)	$	10,367	$	2,040	$	2,040		—		—	$	2,040

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

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

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

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

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

I. Line of Credit and Interfund Lending Program:

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The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 2, 2020. A line of credit with similar terms was in effect through January 2, 2020. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The line of credit agreement expires on January 1, 2021.

There were no borrowings by the Portfolio under the lines of credit during the six months ended April 30, 2020.

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

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

J. Securities Lending:

As of April 30, 2020, the Portfolio had a security on loan to brokers/dealers, for which the Portfolio received cash collateral.

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

119

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


	Remaining Contractual Maturity of the Agreements As of April 30, 2020
	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
Securities Lending Transactions DFA Commodity Strategy Portfolio
Bonds	$	2,003		—		—		—	$	2,003

K. Indemnitees; Contractual Obligations:

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

L. Recently Issued Accounting Standards:

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

120

M. Other:

As of April 30, 2020, the following number of shareholders held the following approximate percentages of the outstanding shares of the Portfolio. One or more of the shareholders may be omnibus accounts, which typically hold shares for the benefit of several other underlying investors.


	Number of Shareholders		Approximate Percentage of Outstanding Shares
DFA Commodity Strategy Portfolio-Institutional Class		4		65	%

The Portfolio is subject to claims and suits that arise from time to time in the ordinary course of business (for example, in The Tribune Company Bankruptcy, certain creditors have filed actions against all shareholders of The Tribune Company who tendered shares when The Tribune Company went private in 2007 in a leveraged buy-out transaction, seeking the return of proceeds received by the shareholders). Although management currently believes that resolving claims against the Portfolio, individually or in aggregate, will not have a material adverse impact on the Portfolio’s financial position, results of operations, or cash flows, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future.

N. Subsequent Event Evaluations:

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

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

121

DIMENSIONAL INVESTMENT GROUP INC.

DISCLOSURE OF FUND EXPENSES

(Unaudited)

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

Actual Fund Return

Hypothetical Example for Comparison Purposes

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

Six Months Ended April 30, 2020

EXPENSE TABLE


	Beginning Account Value 11/01/19		Ending Account Value 04/30/20		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
U.S. Large Company Portfolio
Actual Fund Return	$	1,000.00	$	967.50		0.08	%	$	0.39
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.47		0.08	%	$	0.40

(1)

122

DIMENSIONAL INVESTMENT GROUP INC.

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

The SEC requires that all funds file a complete Schedule of Investments with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. For Dimensional Investment Group Inc., this would be for the fiscal quarters ending January 31 and July 31. Such Form N-PORT filing must be made within 60 days of the end of the quarter. Dimensional Investment Group Inc. filed its most recent Form N-PORT with the SEC on March 31, 2020. They are available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

PORTFOLIO HOLDINGS

DOMESTIC EQUITY PORTFOLIO


U.S. Large Company Portfolio
Communication Services	10.8	%
Consumer Discretionary	10.5	%
Consumer Staples	7.4	%
Energy	3.0	%
Financials	10.6	%
Health Care	15.4	%
Industrials	7.9	%
Information Technology	25.7	%
Materials	2.5	%
Real Estate	2.9	%
Utilities	3.3	%

	100.0	%

123

U.S. LARGE COMPANY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (99.4%)
COMMUNICATION SERVICES — (10.8%)
*	Alphabet, Inc., Class A		111,084	$	149,596,823		1.7	%
*	Alphabet, Inc., Class C		110,811		149,446,363		1.7	%
	AT&T, Inc.		2,708,262		82,520,743		0.9	%
	Comcast Corp., Class A		1,683,092		63,334,752		0.7	%
*	Facebook, Inc., Class A		892,176		182,637,349		2.0	%
*	Netflix, Inc.		162,478		68,216,388		0.8	%
	Verizon Communications, Inc.		1,533,304		88,088,315		1.0	%
	Walt Disney Co. (The)		668,223		72,268,318		0.8	%
	Other Securities				114,929,441		1.2	%

TOTAL COMMUNICATION SERVICES					971,038,492		10.8	%

CONSUMER DISCRETIONARY — (10.4%)
*	Amazon.com, Inc.		154,402		381,990,548		4.3	%
	Home Depot, Inc. (The)		404,416		88,902,769		1.0	%
	McDonald’s Corp.		279,202		52,367,127		0.6	%
	NIKE, Inc., Class B		461,954		40,273,150		0.5	%
	Other Securities				374,124,922		4.0	%

TOTAL CONSUMER DISCRETIONARY					937,658,516		10.4	%

CONSUMER STAPLES — (7.3%)
	Coca-Cola Co. (The)		1,429,593		65,604,023		0.7	%
	Costco Wholesale Corp.		163,787		49,627,461		0.5	%
	PepsiCo, Inc.		516,974		68,390,491		0.8	%
	Philip Morris International, Inc.		576,827		43,031,294		0.5	%
	Procter & Gamble Co. (The)		924,558		108,977,652		1.2	%
	Walmart, Inc.		525,928		63,926,548		0.7	%
	Other Securities				260,460,324		2.9	%

TOTAL CONSUMER STAPLES					660,017,793		7.3	%

ENERGY — (3.0%)
	Chevron Corp.		701,024		64,494,208		0.7	%
	Exxon Mobil Corp.		1,568,644		72,894,887		0.8	%
	Other Securities				135,498,162		1.5	%

TOTAL ENERGY					272,887,257		3.0	%

FINANCIALS — (10.5%)
	Bank of America Corp.		3,001,369		72,182,924		0.8	%
*	Berkshire Hathaway, Inc., Class B		725,183		135,870,287		1.5	%
	JPMorgan Chase & Co.		1,162,823		111,351,931		1.2	%
	Wells Fargo & Co.		1,426,877		41,450,777		0.5	%
	Other Securities				588,725,631		6.6	%

TOTAL FINANCIALS					949,581,550		10.6	%

HEALTH CARE — (15.3%)
	Abbott Laboratories		655,247		60,341,696		0.7	%
#	AbbVie, Inc.		548,259		45,066,890		0.5	%
	Amgen, Inc.		220,288		52,697,295		0.6	%
	Bristol-Myers Squibb Co.		869,085		52,849,059		0.6	%

124

U.S. LARGE COMPANY PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
	Eli Lilly and Co.		313,245	$	48,440,207		0.5	%
	Johnson & Johnson		975,743		146,400,480		1.6	%
	Medtronic P.L.C		496,933		48,515,569		0.5	%
	Merck & Co., Inc.		943,900		74,889,026		0.8	%
	Pfizer, Inc.		2,051,726		78,704,209		0.9	%
	Thermo Fisher Scientific, Inc.		148,664		49,754,868		0.6	%
	UnitedHealth Group, Inc.		351,246		102,728,918		1.1	%
	Other Securities				614,096,552		6.9	%

TOTAL HEALTH CARE					1,374,484,769		15.3	%

INDUSTRIALS — (7.9%)
	Union Pacific Corp.		257,368		41,124,833		0.5	%
	Other Securities				668,290,946		7.4	%

TOTAL INDUSTRIALS					709,415,779		7.9	%

INFORMATION TECHNOLOGY — (25.6%)
	Accenture P.L.C., Class A		235,444		43,601,874		0.5	%
*	Adobe, Inc.		179,468		63,467,063		0.7	%
	Apple, Inc.		1,548,462		454,938,136		5.1	%
	Cisco Systems, Inc.		1,572,781		66,654,459		0.7	%
	Intel Corp.		1,612,723		96,731,126		1.1	%
	International Business Machines Corp.		328,342		41,226,622		0.5	%
	Mastercard, Inc., Class A		329,118		90,497,576		1.0	%
	Microsoft Corp.		2,828,311		506,861,614		5.6	%
	NVIDIA Corp.		226,893		66,316,286		0.7	%
	Oracle Corp.		803,196		42,545,292		0.5	%
*	PayPal Holdings, Inc.		435,321		53,544,483		0.6	%
*	salesforce.com, Inc.		328,847		53,256,772		0.6	%
#	Visa, Inc., Class A		634,648		113,424,291		1.3	%
	Other Securities				608,238,906		6.7	%

TOTAL INFORMATION TECHNOLOGY					2,301,304,500		25.6	%

MATERIALS — (2.5%)
	Other Securities				222,965,482		2.5	%

REAL ESTATE — (2.9%)
	Other Securities				260,923,465		2.9	%

UTILITIES — (3.2%)
	NextEra Energy, Inc.		181,209		41,881,024		0.5	%
	Other Securities				250,474,563		2.8	%

TOTAL UTILITIES					292,355,587		3.3	%

TOTAL COMMON STOCKS (Cost $3,725,678,900)					8,952,633,190		99.6	%

TEMPORARY CASH INVESTMENTS — (0.3%)
	State Street Institutional U.S. Government Money Market Fund, 0.216%		31,063,089		31,063,089		0.3	%

SECURITIES LENDING COLLATERAL — (0.3%)
@§	The DFA Short Term Investment Fund		2,102,971	$	24,333,480		0.3	%

TOTAL INVESTMENTS—(100.0%) (Cost $3,781,066,618)				$	9,008,029,759		100.2	%

125

U.S. LARGE COMPANY PORTFOLIO

CONTINUED

As of April 30, 2020, U.S. Large Company Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		274		06/19/20	$	38,703,187	$	39,762,880	$	1,059,693

Total Futures Contracts					$	38,703,187	$	39,762,880	$	1,059,693

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	971,038,492		—		—	$	971,038,492
Consumer Discretionary		937,658,516		—		—		937,658,516
Consumer Staples		660,017,793		—		—		660,017,793
Energy		272,887,257		—		—		272,887,257
Financials		949,581,550		—		—		949,581,550
Health Care		1,374,484,769		—		—		1,374,484,769
Industrials		709,415,779		—		—		709,415,779
Information Technology		2,301,304,500		—		—		2,301,304,500
Materials		222,965,482		—		—		222,965,482
Real Estate		260,923,465		—		—		260,923,465
Utilities		292,355,587		—		—		292,355,587
Temporary Cash Investments		31,063,089		—		—		31,063,089
Securities Lending Collateral		—	$	24,333,480		—		24,333,480
Futures Contracts**		1,059,693		—		—		1,059,693

TOTAL	$	8,984,755,972	$	24,333,480		—	$	9,009,089,452

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

See accompanying Notes to Financial Statements.

126

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENT OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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


	U.S. Large Company Portfolio*
ASSETS:
Investment Securities at Value (including $107,964 of securities on loan)	$	8,952,634
Temporary Cash Investments at Value & Cost		31,063
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $24,325)		24,333
Segregated Cash for Futures Contracts		3,288
Receivables:
Dividends and Interest		7,667
Securities Lending Income		33
Fund Shares Sold		5,997
Prepaid Expenses and Other Assets		69

Total Assets		9,025,084

LIABILITIES:
Payables:
Upon Return of Securities Loaned		24,411
Fund Shares Redeemed		8,571
Due to Advisor		407
Futures Margin Variation		341
Accrued Expenses and Other Liabilities		1,293

Total Liabilities		35,023

NET ASSETS	$	8,990,061

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $8,990,061 and shares outstanding of 402,333,573	$	22.34

NUMBER OF SHARES AUTHORIZED		900,000,000

Investment Securities at Cost	$	3,725,679

NET ASSETS CONSIST OF:
Paid-In Capital	$	3,750,615
Total Distributable Earnings (Loss)		5,239,446

NET ASSETS	$	8,990,061

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

See accompanying Notes to Financial Statements.

127

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENT OF OPERATIONS

FOR THE YEAR ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	U.S. Large Company Portfolio^#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $0)	$	98,349
Income from Securities Lending		200

Total Investment Income		98,549

Fund Expenses
Investment Management Fees		2,850
Accounting & Transfer Agent Fees		861
S&P 500^® Fees		51
Custodian Fees		55
Filing Fees		101
Shareholders’ Reports		94
Directors’/Trustees’ Fees & Expenses		24
Professional Fees		76
Other		35

Total Fund Expenses		4,147

Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		(347	)

Net Expenses		3,800

Net Investment Income (Loss)		94,749

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		104,788
Affiliated Investment Companies Shares Sold		(82	)
Futures		(364	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(479,500	)
Affiliated Investment Companies Shares		(1	)
Futures		837

Net Realized and Unrealized Gain (Loss)		(374,322	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(279,573	)

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

128

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	U.S. Large Company Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	94,749		$	183,642
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		104,788			71,790
Affiliated Investment Companies Shares Sold		(82	)		(8	)
Futures		(364	)		(137	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(479,500	)		985,397
Affiliated Investment Companies Shares		(1	)		6
Futures		837			147

Net Increase (Decrease) in Net Assets Resulting from Operations		(279,573	)		1,240,837

Distributions:
Institutional Class Shares		(159,395	)		(214,307	)
Capital Share Transactions (1):
Shares Issued		1,155,546			1,678,907
Shares Issued in Lieu of Cash Distributions		147,532			198,444
Shares Redeemed		(1,660,440	)		(1,634,559	)

Net Increase (Decrease) from Capital Share Transactions		(357,362	)		242,792

Total Increase (Decrease) in Net Assets		(796,330	)		1,269,322
Net Assets
Beginning of Period		9,786,391			8,517,069

End of Period	$	8,990,061		$	9,786,391

(1) Shares Issued and Redeemed:
Shares Issued		52,881			78,503
Shares Issued in Lieu of Cash Distributions		6,397			9,441
Shares Redeemed		(73,823	)		(75,490	)

Net Increase (Decrease) from Shares Issued and Redeemed		(14,545	)		12,454

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

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

See accompanying Notes to Financial Statements.

129

DIMENSIONAL INVESTMENT GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	U.S. Large Company Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)
Net Asset Value, Beginning of Period.	$	23.48		$	21.06		$	20.05		$	16.67		$	16.42		$	15.94

Income from Investment Operations (A)
Net Investment Income (Loss)		0.23			0.44			0.41			0.37			0.35			0.33
Net Gains (Losses) on Securities (Realized and Unrealized)		(0.98	)		2.50			1.05			3.50			0.38			0.47

Total from Investment Operations		(0.75	)		2.94			1.46			3.87			0.73			0.80

Less Distributions:
Net Investment Income		(0.27	)		(0.39	)		(0.39	)		(0.39	)		(0.34	)		(0.32	)
Net Realized Gains		(0.12	)		(0.13	)		(0.06	)		(0.10	)		(0.14	)		—

Total Distributions		(0.39	)		(0.52	)		(0.45	)		(0.49	)		(0.48	)		(0.32	)

Net Asset Value, End of Period	$	22.34		$	23.48		$	21.06		$	20.05		$	16.67		$	16.42

Total Return		(3.25	%)(B)		14.29	%		7.25	%		23.55	%		4.54	%		5.09	%

Net Assets, End of Period (thousands)	$	8,990,061		$	9,786,391		$	8,517,069		$	7,996,178		$	6,365,936		$	5,810,743
Ratio of Expenses to Average Net Assets		0.08	%(C)		0.08	%		0.08	%		0.08	%		0.08	%		0.08	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)		0.09	%(C)		0.08	%		0.08	%		0.08	%		0.08	%		0.09	%
Ratio of Net Investment Income to Average Net Assets		1.99	%(C)		2.02	%		1.90	%		1.99	%		2.17	%		2.05	%
Portfolio Turnover Rate		2	%(B)		3	%		5	%		7	%		9	%		2	%

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

See accompanying Notes to Financial Statements.

130

DIMENSIONAL INVESTMENT GROUP INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

A. Organization:

Dimensional Investment Group Inc. (the “Fund”) is an open-end management investment company registered under the Investment Company Act of 1940, whose shares are generally offered to institutional investors, retirement plans and clients of registered investment advisors. The Fund consists of eleven portfolios, one of which, the U.S. Large Company Portfolio (the “Portfolio”), is presented in this section of the report. The remaining operational portfolios are presented in separate reports. The Portfolio is an investment company, and accordingly, follows the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”), Topic 946, “Financial Services-Investment Companies.”

B. Significant Accounting Policies:

1. Security Valuation: The Portfolio uses a fair value hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:

•

Level 1 – inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts)

•

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 – significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

Securities held by the Portfolio, including over-the-counter securities, are valued at the last quoted sale price of the day. Securities held by the Portfolio that are listed on Nasdaq are valued at the Nasdaq Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, the Portfolio values the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.

Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors of the Fund. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of Dimensional Fund Advisors LP) occur before the net asset value of the Portfolio is calculated. When fair value pricing is used, the prices of securities used by the Portfolio may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

131

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

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

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

C. Investment Advisor:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Portfolio. For the six months ended April 30, 2020, the Portfolio’s investment management fees were accrued daily and paid monthly to the Advisor based on the following effective annual rates of average daily net assets:


U.S. Large Company Portfolio			0.06	%

Pursuant to an Amended and Restated Fee Waiver and/or Expense Assumption Agreement (the “Fee Waiver Agreement”), the Advisor has contractually agreed to waive certain fees, and in certain instances, assume certain expenses of the Portfolio, as described in the notes below. The Fee Waiver Agreement for the Portfolio will remain in effect through February 28, 2021, may only be terminated by the Fund’s Board of Directors prior to that date and shall continue in effect from year to year thereafter unless terminated by the Fund or the Advisor. During the six months ended April 30, 2020, the Portfolio had an expense limit based on a percentage of average net assets on an annualized basis, and the Advisor recovered previously waived fees and/or assumed expenses (amounts in thousands), as listed below. The net amount of waived fees/expenses assumed (recovered previously waived fees/expenses assumed) during the six months ended April 30, 2020, and the previously waived fees/expenses assumed subject to future recovery by the Advisor as of April 30, 2020, are also reflected below (amounts in thousands). At any time that the Annualized Expense Ratio (defined below) of the Portfolio is less than the Expense Limitation Amount listed below, the Advisor retains the right to recover fees previously waived and/or expenses previously assumed to the extent that the expense ratio following such recovery would be less than the Expense Limitation Amount that was in place when such prior year fees were waived and/or expenses assumed, and less than

132

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

Net Waived Fees/

Expenses Assumed

Previously

Recovery

(Recovered

Waived Fees/

Expense

of Previously

Previously Waived

Expenses Assumed

Limitation

Waived Fees/

Fees/Expenses

Subject to Future

Institutional Class Shares

Amount

Expenses Assumed

Assumed)

Recovery

U.S. Large Company Portfolio (1)

0.08

347

1,343

(1)

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

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Directors of the Advisor are also Officers and Directors of the Fund; however, such Officers and Directors (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the six months ended April 30, 2020, the total related amounts paid by the Fund to the CCO were $20 (in thousands). The total related amounts paid by the Portfolio are included in Other Expenses on the Statement of Operations.

D. Deferred Compensation:

As of April 30, 2020, the total liability for deferred compensation to Directors is included in Accrued Expenses and Other Liabilities on the Statement of Assets and Liabilities as follows (amounts in thousands):


U.S. Large Company Portfolio.		$	265

E. Purchases and Sales of Securities:

For the six months ended April 30, 2020, the Portfolio’s transactions related to investment securities, other than short-term securities, in-kind redemptions and U.S. Government securities (amounts in thousands), were as follows:


	Purchases		Sales
U.S. Large Company Portfolio	$	166,402	$	582,669

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

For the six months ended April 30, 2020, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.

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


											Change in
							��	Net Realized			Unrealized
	Balance at		Purchases		Proceeds			Gain/(Loss)			Appreciation/			Balance at		Shares as of		Dividend		Capital Gain
	October 31, 2019		at Cost		from Sales			on Sales			Depreciation			April 30, 2020		April 30, 2020		Income		Distributions
U.S. Large Company Portfolio
The DFA Short Term Investment Fund	$	82,786	$	766,657	$	825,027		$	(82	)	$	(1	)	$	24,333		2,103	$	2,074		—

Total	$	82,786	$	766,657	$	825,027		$	(82	)	$	(1	)	$	24,333		2,103	$	2,074		—

133

F. Federal Income Taxes:

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

Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined under accounting principles generally accepted in the United States of America. These book/tax differences are either temporary or permanent in nature. To the extent that these differences are permanent, they are charged or credited to paid-in capital or distributable earnings, undistributed net investment income, accumulated net realized gains or losses, or unrealized appreciation, as appropriate, in the period that the differences arise. Accordingly, the permanent differences as of October 31, 2019, primarily attributable to net foreign currency gains/losses, foreign capital gains tax reclass and realized gains on securities considered to be “passive foreign investment companies,” were reclassified to the accounts mentioned above. These reclassifications had no effect on net assets or net asset value per share.

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


	Net Investment Income and Short-Term Capital Gains		Long-Term Capital Gains		Tax Exempt Income		Total
U.S. Large Company Portfolio
2018	$	157,152	$	19,860		—	$	177,012
2019		154,842		59,465		—		214,307


	Net Investment
	Income and
	Short-Term			Long-Term
	Capital Gains			Capital Gains		Total
U.S. Large Company Portfolio	$	(7,339	)		—	$	(7,339	)

As of October 31, 2019, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):

Undistributed

Total Net

Net Investment

Distributable

Income and

Undistributed

Unrealized

Earnings

Short-Term

Long-Term

Appreciation

(Accumulated

Capital Gains

(Depreciation)

Losses)

U.S. Large Company Portfolio

29,212

49,422

5,600,114

5,678,748

For federal income tax purposes, the Fund measures its capital loss carryforwards annually at October 31, its fiscal year end. Capital loss carryforwards may be carried forward and applied against future capital gains. Under the Regulated Investment Company Modernization Act of 2010, capital losses incurred by the Portfolio after October 31, 2011, will not be subject to expiration and will retain their character as either short-term or long-term capital losses. As of October 31, 2019, the Portfolio did not have capital loss carryforwards available to offset future realized capital gains through October 31 of the indicated expiration dates, as applicable.

134


								Net
								Unrealized
	Federal		Unrealized		Unrealized			Appreciation
	Tax Cost		Appreciation		(Depreciation)			(Depreciation)
U.S. Large Company Portfolio	$	4,283,085	$	5,575,371	$	(126,424	)	$	5,448,947

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

G. Financial Instruments:

In accordance with the Portfolio’s investment objectives and policies, the Portfolio may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:

Derivative Financial Instruments:

Summarized below are the specific types of derivative instruments used by the Portfolio.

1. Futures Contracts: The Portfolio may purchase or sell futures contracts and options on futures contracts for equity securities and indices to adjust market exposure based on actual or expected cash inflows to or outflows from the Portfolio. The Portfolio, however, does not intend to sell futures contracts to establish short positions in individual securities. Upon entering into a futures contract, the Portfolio deposits cash or pledges U.S. government securities to a broker, equal to the minimum “initial margin” requirements of the exchange on which the contract is traded to a broker. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Portfolio as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Portfolio records a realized gain or loss, which is presented in the Statement of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Risks may arise upon entrance into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Portfolio could lose more than the initial margin requirements. Entering into stock index futures subjects the Portfolio to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.

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

135


	Futures*
U.S. Large Company Portfolio	$	64,889

*	Average Notional Value of contracts

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


	Asset Derivatives Value
	Total Value at April 30, 2020		Equity Contracts *,(1)
U.S. Large Company Portfolio	$	1,060	$	1,060

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

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

The following is a summary of the realized and change in unrealized gains and losses from the Portfolio’s direct investment in derivative instrument holdings categorized by primary risk exposure for the six months ended April 30, 2020 (amounts in thousands):


	Realized Gain (Loss) on
	Derivatives
				Equity
	Total			Contracts (1)
U.S. Large Company Portfolio	$	(364	)	$	(364	)


	Change in Unrealized Appreciation
	(Depreciation) on Derivatives
			Equity
	Total		Contracts (2)
U.S. Large Company Portfolio	$	837	$	837

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

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

H. Line of Credit and Interfund Lending Program:

136

The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 2, 2020. A line of credit with similar terms was in effect through January 2, 2020. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The line of credit agreement expires on January 1, 2021.

For the six months ended April 30, 2020, borrowings by the Portfolio under the lines of credit were as follows (amounts in thousands, except percentages and days):

Weighted

Number of

Interest

Maximum
Amount

Outstanding

Average

Days

Expense

Borrowed During

Borrowings

Interest Rate

Loan Balance

Outstanding*

Incurred

the Period

as of 04/30/2020

U.S. Large Company Portfolio

2.16

4,746

17,006

—

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

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

I. Securities Lending:

As of April 30, 2020, the Portfolio had securities on loan to brokers/dealers, for which the Portfolio received cash collateral. In addition, the Portfolio received non-cash collateral consisting of short- and/or long-term U.S. Treasuries and U.S. government agency securities as follows (amounts in thousands):


	Non-Cash
	Collateral
	Market
	Value
U.S. Large Company Portfolio	$	87,357

137

securities, and such collateral insufficiency is not the result of investment losses, the lending agent has agreed to pay the amount of the shortfall to the Portfolio or, at the option of the lending agent, to replace the securities. In the event of the bankruptcy of the borrower, the Portfolio could experience delay in recovering the loaned securities or only recover cash or a security of equivalent value.

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

Remaining Contractual Maturity of the Agreements
As of April 30, 2020

Overnight and

Between

Continuous

<30 days

30 & 90 days

>90 days

Total

Securities Lending Transactions

U.S. Large Company Portfolio

Common Stocks

24,411

—

24,411

J. Indemnitees; Contractual Obligations:

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

K. Recently Issued Accounting Standards:

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

138

L. Other:

As of April 30, 2020, the following number of shareholders held the following approximate percentages of the Portfolio’s outstanding shares. One or more of the shareholders may be omnibus accounts, which typically hold shares for the benefit of several other underlying investors.


			Approximate
			Percentage
	Number of		of Outstanding
	Shareholders		Shares
U.S. Large Company Portfolio-Institutional Class		3		67	%

M. Subsequent Event Evaluations:

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

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

139

NOTIFICATION OF SOURCE OF DISTRIBUTIONS PURSUANT TO

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

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

Estimated % Breakdown of Distribution Sources

Net income for

Accumulated

the current or

undistributed

preceding

net profits

Paid-in

fiscal year,

from the sale

surplus

and accumulated

of securities

or other

undistributed net

or other

capital

Portfolio Name

income

properties

source

U.S. Large Company Portfolio December 16, 2019

140

THE DFA INVESTMENT TRUST COMPANY

DISCLOSURE OF FUND EXPENSES

(Unaudited)

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

Actual Fund Return

Hypothetical Example for Comparison Purposes

Six Months Ended April 30, 2020

EXPENSE TABLE


	Beginning		Ending					Expenses
	Account		Account		Annualized			Paid
	Value		Value		Expense			During
	11/01/19		04/30/20		Ratio (1)			Period (1)
The U.S. Large Cap Value Series
Actual Fund Return	$	1,000.00	$	827.60		0.11	%	$	0.50
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.32		0.11	%	$	0.55

(1)

141

THE DFA INVESTMENT TRUST COMPANY

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

The SEC requires that all funds file a complete Schedule of Investments with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. For The DFA Investment Trust Company, this would be for the fiscal quarters ending January 31 and July 31. Such Form N-PORT filing must be made within 60 days of the end of the quarter. The DFA Investment Trust Company filed its most recent Form N-PORT with the SEC on March 31, 2020. They are available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; or by visiting the SEC’s website at http://www.sec.gov.

PORTFOLIO HOLDINGS

DOMESTIC EQUITY PORTFOLIO

The U.S. Large Cap Value Series


Communication Services	12.7	%
Consumer Discretionary	5.8	%
Consumer Staples	5.2	%
Energy	9.9	%
Financials	20.4	%
Health Care	19.0	%
Industrials	10.1	%
Information Technology	11.1	%
Materials	5.2	%
Real Estate	0.3	%
Utilities	0.3	%

	100.0	%

142

THE U.S. LARGE CAP VALUE SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (97.5%)
COMMUNICATION SERVICES — (12.4%)
	AT&T, Inc.		30,756,965	$	937,164,724		4.1	%
*	Charter Communications, Inc., Class A		918,291		454,765,252		2.0	%
	Comcast Corp., Class A		20,425,790		768,622,478		3.4	%
*	T-Mobile US, Inc.		1,300,507		114,184,515		0.5	%
	Walt Disney Co. (The)		2,860,892		309,405,470		1.4	%
	Other Securities				276,069,718		1.1	%

TOTAL COMMUNICATION SERVICES					2,860,212,157		12.5	%

CONSUMER DISCRETIONARY — (5.6%)
	DR Horton, Inc.		3,077,410		145,315,300		0.6	%
	General Motors Co.		5,911,367		131,764,370		0.6	%
	Target Corp.		1,298,687		142,517,911		0.6	%
	Other Securities				876,770,582		3.8	%

TOTAL CONSUMER DISCRETIONARY					1,296,368,163		5.6	%

CONSUMER STAPLES — (5.1%)
	Mondelez International, Inc., Class A		3,331,133		171,353,482		0.7	%
	Walgreens Boots Alliance, Inc.		3,325,385		143,955,917		0.6	%
	Walmart, Inc.		2,536,159		308,270,126		1.3	%
	Other Securities				551,262,977		2.5	%

TOTAL CONSUMER STAPLES					1,174,842,502		5.1	%

ENERGY — (9.7%)
	Chevron Corp.		6,692,091		615,672,372		2.7	%
	ConocoPhillips		5,038,126		212,105,105		0.9	%
	Exxon Mobil Corp.		12,826,589		596,051,591		2.6	%
	Valero Energy Corp.		2,387,921		151,274,795		0.7	%
	Other Securities				660,620,909		2.8	%

TOTAL ENERGY					2,235,724,772		9.7	%

FINANCIALS — (19.8%)
	Bank of America Corp.		18,272,093		439,443,837		1.9	%
	Bank of New York Mellon Corp. (The)		3,570,549		134,038,409		0.6	%
*	Berkshire Hathaway, Inc., Class B		2,919,620		547,020,003		2.4	%
	Capital One Financial Corp.		1,998,252		129,406,799		0.6	%
	Citigroup, Inc.		6,825,155		331,429,527		1.4	%
	Goldman Sachs Group, Inc. (The)		1,174,999		215,518,317		0.9	%
	JPMorgan Chase & Co.		5,905,370		565,498,231		2.5	%
#	Morgan Stanley		4,889,616		192,797,559		0.8	%
	PNC Financial Services Group, Inc. (The)		1,281,228		136,668,591		0.6	%
	Travelers Cos., Inc. (The)		1,137,532		115,129,614		0.5	%
	Truist Financial Corp.		3,754,654		140,123,687		0.6	%
	Wells Fargo & Co.		12,774,691		371,104,773		1.6	%
	Other Securities				1,271,815,782		5.6	%

TOTAL FINANCIALS					4,589,995,129		20.0	%

HEALTH CARE — (18.5%)
	Anthem, Inc.		1,307,797		367,137,852		1.6	%

143

THE U.S. LARGE CAP VALUE SERIES

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
*	Centene Corp.		1,676,531	$	111,623,434		0.5	%
*	Cigna Corp.		1,532,809		300,093,346		1.3	%
	CVS Health Corp.		5,447,574		335,298,180		1.5	%
	Danaher Corp.		1,567,775		256,268,501		1.1	%
	Humana, Inc.		519,080		198,195,126		0.9	%
*	Laboratory Corp. of America Holdings		761,302		125,196,114		0.5	%
	Medtronic P.L.C		3,334,526		325,549,773		1.4	%
	Pfizer, Inc.		24,516,708		940,460,919		4.1	%
	Quest Diagnostics, Inc.		975,068		107,364,737		0.5	%
	Thermo Fisher Scientific, Inc.		1,048,159		350,797,854		1.5	%
	Other Securities				854,270,600		3.7	%

TOTAL HEALTH CARE					4,272,256,436		18.6	%

INDUSTRIALS — (9.9%)
	Eaton Corp. P.L.C		1,805,121		150,727,604		0.7	%
	FedEx Corp.		1,023,792		129,786,112		0.6	%
	Norfolk Southern Corp.		1,352,330		231,383,663		1.0	%
	Raytheon Technologies Corp.		2,467,746		159,934,618		0.7	%
	Republic Services, Inc.		1,869,856		146,484,519		0.6	%
	Other Securities				1,463,731,259		6.3	%

TOTAL INDUSTRIALS					2,282,047,775		9.9	%

INFORMATION TECHNOLOGY — (10.8%)
	Fidelity National Information Services, Inc.		1,262,868		166,559,660		0.7	%
	HP, Inc.		9,390,456		145,645,973		0.6	%
	Intel Corp.		17,205,184		1,031,966,936		4.5	%
*	Micron Technology, Inc.		5,140,431		246,175,241		1.1	%
	Other Securities				916,246,388		4.0	%

TOTAL INFORMATION TECHNOLOGY					2,506,594,198		10.9	%

MATERIALS — (5.1%)
	Linde P.L.C		682,849		125,637,387		0.5	%
	Newmont Corp.		1,822,997		108,431,862		0.5	%
	Other Securities				941,992,571		4.1	%

TOTAL MATERIALS					1,176,061,820		5.1	%

REAL ESTATE — (0.3%)
	Other Securities				64,825,691		0.3	%

UTILITIES — (0.3%)
	Other Securities				75,242,602		0.3	%

TOTAL COMMON STOCKS (Cost $19,730,793,532)					22,534,171,245		98.0	%

TEMPORARY CASH INVESTMENTS — (1.4%)
	State Street Institutional U.S. Government Money Market Fund, 0.216%		310,708,876		310,708,876		1.4	%

144

THE U.S. LARGE CAP VALUE SERIES

CONTINUED


	Shares		Value†		Percentage of Net Assets‡
SECURITIES LENDING COLLATERAL — (1.1%)
@§ The DFA Short Term Investment Fund		22,079,889	$	255,486,398		1.1	%

TOTAL INVESTMENTS—(100.0%) (Cost $20,296,945,427)			$	23,100,366,519		100.5	%

As of April 30, 2020, The U.S. Large Cap Value Series had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		2,574		06/19/20	$	329,401,150	$	373,538,880	$	44,137,730

Total Futures Contracts					$	329,401,150	$	373,538,880	$	44,137,730

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	2,860,212,157		—		—	$	2,860,212,157
Consumer Discretionary		1,296,368,163		—		—		1,296,368,163
Consumer Staples		1,174,842,502		—		—		1,174,842,502
Energy		2,235,724,772		—		—		2,235,724,772
Financials		4,589,995,129		—		—		4,589,995,129
Health Care		4,272,256,436		—		—		4,272,256,436
Industrials		2,282,047,775		—		—		2,282,047,775
Information Technology		2,506,594,198		—		—		2,506,594,198
Materials		1,176,061,820		—		—		1,176,061,820
Real Estate		64,825,691		—		—		64,825,691
Utilities		75,242,602		—		—		75,242,602
Temporary Cash Investments		310,708,876		—		—		310,708,876
Securities Lending Collateral		—	$	255,486,398		—		255,486,398
Futures Contracts**		44,137,730		—		—		44,137,730

TOTAL	$	22,889,017,851	$	255,486,398		—	$	23,144,504,249

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

See accompanying Notes to Financial Statements.

145

THE DFA INVESTMENT TRUST COMPANY

STATEMENT OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	The U.S. Large Cap Value Series*
ASSETS:
Investment Securities at Value (including $621,031 of securities on loan)	$	22,534,171
Temporary Cash Investments at Value & Cost		310,709
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $255,443)		255,486
Segregated Cash for Futures Contracts		30,888
Foreign Currencies at Value		5
Receivables:
Investment Securities Sold		90,360
Dividends and Interest		28,740
Securities Lending Income		134

Total Assets		23,250,493

LIABILITIES:
Payables:
Upon Return of Securities Loaned		255,800
Due to Advisor		1,779
Futures Margin Variation		3,077
Accrued Expenses and Other Liabilities		1,662

Total Liabilities		262,318

NET ASSETS	$	22,988,175

Investment Securities at Cost	$	19,730,793

Foreign Currencies at Cost	$	5

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

See accompanying Notes to Financial Statements.

146

THE DFA INVESTMENT TRUST COMPANY

STATEMENT OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	The U.S. Large Cap Value Series^#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $0)	$	361,846
Income from Securities Lending		747

Total Investment Income		362,593

Expenses
Investment Management Fees		13,889
Accounting & Transfer Agent Fees		585
Custodian Fees		143
Shareholders’ Reports		9
Directors’/Trustees’ Fees & Expenses		76
Professional Fees		174
Other		114

Total Expenses		14,990

Net Expenses		14,990

Net Investment Income (Loss)		347,603

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		(142,940	)
Affiliated Investment Companies Shares Sold		(362	)
Futures		(16,837	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(5,194,811	)
Affiliated Investment Companies Shares		(1	)
Futures		42,754

Net Realized and Unrealized Gain (Loss)		(5,312,197	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(4,964,594	)

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

147

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	The U.S. Large Cap Value Series
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	347,603		$	725,339
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(142,940	)		699,155
Affiliated Investment Companies Shares Sold		(362	)		35
Futures		(16,837	)		(1,255	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(5,194,811	)		565,227
Affiliated Investment Companies Shares		(1	)		21
Futures		42,754			15,103

Net Increase (Decrease) in Net Assets Resulting from Operations		(4,964,594	)		2,003,625

Transactions in Interest:
Contributions		578,605			1,481,953
Withdrawals		(2,555,514	)		(2,798,695	)

Net Increase (Decrease) from Transactions in Interest		(1,976,909	)		(1,316,742	)

Total Increase (Decrease) in Net Assets		(6,941,503	)		686,883
Net Assets
Beginning of Period		29,929,678			29,242,795

End of Period	$	22,988,175		$	29,929,678

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

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

See accompanying Notes to Financial Statements.

148

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	The U.S. Large Cap Value Series
	Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015
	(Unaudited)
Total Return		(17.24	%)(B)		7.15	%		2.95	%		24.31	%		4.75	%		1.32	%

Net Assets, End of Period (thousands)	$	22,988,175		$	29,929,678		$	29,242,795		$	27,676,546		$	20,916,568		$	19,094,057
Ratio of Expenses to Average Net Assets		0.11	%(C)		0.11	%		0.11	%		0.11	%		0.11	%		0.11	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed),and/or Previously Waived Fees Recovered by Advisor)		0.11	%(C)		0.11	%		0.11	%		0.11	%		0.11	%		0.11	%
Ratio of Net Investment Income to Average Net Assets		2.50	%(C)		2.50	%		2.14	%		2.19	%		2.39	%		2.20	%
Portfolio Turnover Rate		3	%(B)		10	%		13	%		15	%		15	%		16	%

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

See accompanying Notes to Financial Statements.

149

THE DFA INVESTMENT TRUST COMPANY

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

A. Organization:

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

B. Significant Accounting Policies:

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

1. Security Valuation: The Series uses a fair value hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:

•

Level 1 – inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts)

•

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 – significant unobservable inputs (including the Series’ own assumptions in determining the fair value of investments)

Securities held by the Series, including over-the-counter securities, are valued at the last quoted sale price of the day. Securities held by the Series that are listed on Nasdaq are valued at the Nasdaq Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, the Series values the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.

Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Trustees of the Trust. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of Dimensional Fund Advisors LP) occur before the net asset value of the Series is calculated. When fair value pricing is used, the prices of securities used by the Series may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

Futures contracts held by the Series are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.

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

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

The Trustees may receive their distributions of proceeds by one of the following methods: lump sum, annual installments over a period of agreed-upon years, or quarterly installments over a period of agreed-upon years. Each Trustee shall have the right in a notice of election (the “Notice”) to defer the receipt of the Trustee’s deferred compensation until a date specified by such Trustee in the Notice. The date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Trustee ceases to be a member of the Board of Trustees of the Trust; and (ii) five years following the effective date of the Trustee’s first deferral election. If a Trustee who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Trustee’s deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Trustee ceases to be a member of the Board (unless the Trustee files an amended Notice selecting a different distribution date). As of April 30, 2020, none of the Trustees have requested or received a distribution of proceeds of a deferred fee account.

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

C. Investment Advisor:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Series. For the six months ended April 30, 2020, investment management fees were accrued daily and paid monthly to the Advisor based on the following effective annual rates of average daily net assets:


The U.S. Large Cap Value Series			0.10	%

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Trustees of the Advisor are also Officers and Trustees of the Trust; however, such Officers and Trustees (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Trust. For the six months ended April 30, 2020, the total related amounts paid by the Trust to the CCO were $45 (in thousands). The total related amounts paid by each of the Series are included in Other Expenses on the Statement of Operations.

151

D. Deferred Compensation:

As of April 30, 2020, the total liability for deferred compensation to Trustees is included in Accrued Expenses and Other Liabilities on the Statement of Assets and Liabilities as follows (amount in thousands):


The U.S. Large Cap Value Series.		$	504

E. Purchases and Sales of Securities:

For the six months ended April 30, 2020, the Series’ transactions related to investment securities, other than short-term securities, in-kind redemptions and U.S. Government securities (amounts in thousands), were as follows:


	Purchases		Sales
The U.S. Large Cap Value Series	$	799,823	$	2,636,036

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

For the six months ended April 30, 2020, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.


	Balance at October 31, 2019		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales			Change in Unrealized Appreciation/ Depreciation			Balance at April 30, 2020		Shares as of April 30, 2020		Dividend Income		Capital Gain Distributions
The U.S. Large Cap Value Series
The DFA Short Term Investment Fund	$	255,892	$	2,013,964	$	2,014,007	$	(362	)	$	(1	)	$	255,486		22,080	$	8,458		—

Total	$	255,892	$	2,013,964	$	2,014,007	$	(362	)	$	(1	)	$	255,486		22,080	$	8,458		—

F. Federal Income Taxes:

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


	Federal Tax Cost		Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
The U.S. Large Cap Value Series	$	23,161,639	$	8,927,588	$	(1,094,999	)	$	7,832,589

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

G. Financial Instruments:

In accordance with the Series’ investment objectives and policies, the Series may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:

Derivative Financial Instruments:

Summarized below are the specific types of derivative instruments used by the Series.

1. Futures Contracts: The Series may purchase or sell futures contracts and options on futures contracts for equity securities and indices to adjust market exposure based on actual or expected cash inflows to or outflows from the Series. The Series, however, does not intend to sell futures contracts to establish short positions in individual securities. Upon entering into a futures contract, the Series deposits cash or pledges U.S. Government securities to a broker in an amount equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Series as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Series records a realized gain or loss, which is presented in the Statement of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Risks may arise upon entrance into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Series could lose more than the initial margin requirements. Entering into stock index futures subjects the Series to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.

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


	Futures*
The U.S. Large Cap Value Series	$	236,985

*	Average Notional Value of contracts

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


	Asset Derivatives Value
	Total Value at April 30, 2020		Equity Contracts *,(1)
The U.S. Large Cap Value Series	$	44,138	$	44,138

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

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

153

The following is a summary of the realized and change in unrealized gains and losses from the Series’ derivative instrument holdings categorized by primary risk exposure for the six months ended April 30, 2020 (amounts in thousands):


	Realized Gain (Loss) on Derivatives
	Total			Equity Contracts (1)
The U.S. Large Cap Value Series	$	(16,837	)	$	(16,837	)

	Change in Unrealized Appreciation (Depreciation) on Derivatives
	Total			Equity Contracts (2)
The U.S. Large Cap Value Series	$	42,754		$	42,754

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

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

H. Line of Credit and Interfund Lending Program:

The Trust, together with other Dimensional-advised portfolios, has entered into a $500 million uncommitted, unsecured discretionary line of credit effective April 8, 2020, with its domestic custodian bank. A line of credit with similar terms was in effect through April 8, 2020. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $500 million in the aggregate. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The agreement for the line of credit expires on April 7, 2021.

The Trust, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 2, 2020. A line of credit with similar terms was in effect through January 2, 2020. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The line of credit agreement expires on January 1, 2021.

For the six months ended April 30, 2020, borrowings by the Series under the lines of credit were as follows (amounts in thousands, except percentages and days):


	Weighted Average Interest Rate			Weighted Average Loan Balance		Number of Days Outstanding*		Interest Expense Incurred		Maximum Amount Borrowed During the Period		Outstanding Borrowings as of 04/30/2020
The U.S. Large Cap Value Series		2.30	%	$	20,086		1	$	1	$	20,086		—

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

154

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

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

I. Affiliated Trades:

Cross trades for the six months ended April 30, 2020, if any, were executed by the Series pursuant to procedures adopted by the Board of Trustees of the Trust to ensure compliance with Rule 17a-7 under the Investment Company Act of 1940 (the “1940 Act”). Cross trading is the buying or selling of portfolio securities between series of investment companies, or between a series of an investment company and another entity, that are or could be considered affiliates by virtue of a common investment advisor (or affiliated investment advisors), common Trustees and/or common Officers. At its regularly scheduled meetings, the CCO certifies to the Board that the 17a-7 transactions entered into by the Series complied with the Rule 17a-7 Procedures adopted by the Board of Trustees of the Trust.

For the six months ended April 30, 2020, cross trades by the Series under Rule 17a-7 were as follows (amounts in thousands):


Series	Purchases		Sales		Realized Gain (Loss)
The U.S. Large Cap Value Series	$	127,589	$	123,977	$	3,655

J. Securities Lending:

As of April 30, 2020, the Series had securities on loan to brokers/dealers, for which the Series received cash collateral. In addition, the Series received non-cash collateral consisting of short- and/or long-term U.S. Treasuries and U.S. government agency securities as follows (amount in thousands):


	Non-Cash Collateral Market Value
The U.S. Large Cap Value Series	$	394,753

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

155

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


	Remaining Contractual Maturity of the Agreements As of April 30, 2020
	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
Securities Lending Transactions
The U.S. Large Cap Value Series
Common Stocks	$	255,800		—		—		—	$	255,800

K. Indemnitees; Contractual Obligations:

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

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

L. Recently Issued Accounting Standards:

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

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

156

M. Other:

The Series and the Trust are subject to claims and suits that arise from time to time in the ordinary course of business. Although management currently believes that resolving claims against the Series and the Trust, individually or in aggregate, will not have a material adverse impact on the Series’ and the Trust’s financial position, results of operations, or cash flows, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future.

On September 23, 2013, the District Court entered an order dismissing the Individual Creditor Actions in their entirety on the grounds that the individual creditor plaintiffs lack standing to pursue their claims. The parties appealed the District Court’s dismissal order to the United States Court of Appeals for the Second Circuit (the “Second Circuit”), and on March 29, 2016, the Second Circuit affirmed the dismissal, albeit on the grounds that the individual creditor plaintiffs’ claims are preempted and barred by the Bankruptcy Code’s safe harbor for securities transactions. The individual creditor plaintiffs filed a petition for certiorari with the Supreme Court of the United States (the “Supreme Court”), seeking review of the Second Circuit’s ruling. Thereafter, the individual creditor plaintiffs moved the Second Circuit to review its prior ruling in light of the Supreme Court’s decision in MERIT MANAGEMENT GROUP, LP v. FTI CONSULTING, INC., 138 S.Ct. 883 (2018) (“Merit Mgmt.”), which addressed the scope of the Bankruptcy Code’s safe harbor for securities transactions. The Second Circuit agreed to review the matter and withdrew its mandate with respect to the affirmance of the dismissal order. Consequently, the Supreme Court dismissed the individual creditor plaintiffs’ petition for certiorari. On December 19, 2019, the Second Circuit again affirmed the District Court’s dismissal of the Individual Creditor Actions on the grounds that the individual creditor plaintiffs’ claims are preempted and barred by the Bankruptcy Code’s safe harbor for securities transactions. The individual creditor plaintiffs moved the Second Circuit for rehearing, which the Second Circuit denied. It is expected that the individual creditor plaintiffs again will petition the Supreme Court for certiorari.

157

Litigation counsel to The U.S. Large Cap Value Series in the Tribune Lawsuits has advised management that it does not believe that it is possible, at this early stage in the proceedings, to predict with any reasonable certainty the probable outcome of the Tribune Lawsuits or quantify the ultimate exposure to The U.S. Large Cap Value Series arising from the Tribune Lawsuits. Until The U.S. Large Cap Value Series can do so, no reduction of the net asset value of The U.S. Large Cap Value Series will be made relating to the Tribune Lawsuits. However, even if the plaintiffs in the Tribune Lawsuits were to obtain the full recovery the plaintiffs seek, the amount would be less than 1% of the net asset value of The U.S. Large Cap Value Series at this time.

N. Subsequent Event Evaluations:

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

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

158

VOTING PROXIES ON FUND PORTFOLIO SECURITIES

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

159

STATEMENT REGARDING LIQUIDITY RISK MANAGEMENT PROGRAM

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

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

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

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

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

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

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

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

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

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

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

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

160

BOARD APPROVAL OF INVESTMENT MANAGEMENT AGREEMENTS

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

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

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

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

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

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

The Board considered the profitability of each Fund to the Advisor by reviewing the profitability analysis provided by the Advisor, including information about its fee revenues and income. The Board reviewed the overall profitability of the Advisor, and the compensation that it received for providing services to each Fund. The Board considered the profitability to the Advisor of managing and servicing the Funds and the Advisor’s unregistered clients, such as collective trusts, group trusts and separate accounts. Upon closely examining the Advisor’s profitability, the Board concluded, among other things, that it was reasonable and similar to the profitability reported in previous years.

161

BOARD APPROVAL OF INVESTMENT MANAGEMENT AGREEMENTS

CONTINUED

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

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

162

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DFA043020-001SD

00245689

LOGO

Semi-Annual Report

Six Months Ended: April 30, 2020 (Unaudited)

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



DFA Investment Dimensions Group Inc.

Large Cap International Portfolio International Core Equity Portfolio Global Small Company Portfolio International Small Company Portfolio Japanese Small Company Portfolio Asia Pacific Small Company Portfolio United Kingdom Small Company Portfolio Continental Small Company Portfolio	DFA International Real Estate Securities Portfolio DFA Global Real Estate Securities Portfolio DFA International Small Cap Value Portfolio International Vector Equity Portfolio International High Relative Profitability Portfolio World ex U.S. Value Portfolio World ex U.S. Core Equity Portfolio	World Core Equity Portfolio Selectively Hedged Global Equity Portfolio Emerging Markets Portfolio Emerging Markets Small Cap Portfolio Emerging Markets Value Portfolio Emerging Markets Core Equity Portfolio Emerging Markets Targeted Value Portfolio


Dimensional Investment Group Inc.

DFA International Value Portfolio

The DFA Investment Trust Company

The DFA International Value Series		The Continental Small Company Series

The Japanese Small Company Series		The Canadian Small Company Series

The Asia Pacific Small Company Series		The Emerging Markets Series

The United Kingdom Small Company Series		The Emerging Markets Small Cap Series

Dimensional Emerging Markets Value Fund

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

Important information about access to shareholder reports

[THIS PAGE INTENTIONALLY LEFT BLANK]

LOGO

June 8, 2020

Dear Fellow Shareholder,

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

Sincerely,



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

[THIS PAGE INTENTIONALLY LEFT BLANK]

SEMI-ANNUAL REPORT

(Unaudited)

Table of Contents


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

TABLE OF CONTENTS

CONTINUED


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

DFA INVESTMENT DIMENSIONS GROUP INC.

DIMENSIONAL INVESTMENT GROUP INC.

THE DFA INVESTMENT TRUST COMPANY

DIMENSIONAL EMERGING MARKETS VALUE FUND

DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES

Schedules of Investments/Summary Schedules of Portfolio Holdings


Investment Abbreviations

ADR		American Depositary Receipt
P.L.C.		Public Limited Company
SA		Special Assessment
REIT		Real Estate Investment Trust
GDR		Global Depositary Receipt
CAD		Canadian Dollars
DKK		Danish Krone
EUR		Euro
GBP		British Pounds
ILS		Israeli New Shekel
JPY		Japanese Yen
NOK		Norwegian Krone
SEK		Swedish Krona
SGD		Singapore Dollars

Investment Footnotes

»		Securities that have generally been fair value factored. See Note B to Financial Statements.
‡		Calculated as a percentage of total net assets. Percentages shown parenthetically next to the category headings have been calculated as a percentage of total investments. “Other Securities” are those securities that are not among the top 50 holdings in unaffiliated issuers of the Fund or do not represent more than 1.0% of the net assets of the Fund. Some of the individual securities within this category may include Total or Partial Securities on Loan and/or Non-Income Producing Securities.
#		Total or Partial Securities on Loan.
†		See Note B to Financial Statements.
@		Security purchased with cash collateral received from Securities on Loan.
§		Affiliated Fund.
*		Non-Income Producing Securities.

DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES

CONTINUED

Financial Highlights


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

All Statements, Schedules and Notes to Financial Statements


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

DFA INVESTMENT DIMENSIONS GROUP INC.

DISCLOSURE OF FUND EXPENSES

(Unaudited)

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

Actual Fund Return

Hypothetical Example for Comparison Purposes

Six Months Ended April 30, 2020

EXPENSE TABLES


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

International Core Equity Portfolio
Actual Fund Return	$	1,000.00	$	831.50		0.30	%	$	1.37
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.37		0.30	%	$	1.51

DISCLOSURE OF FUND EXPENSES

CONTINUED


	Beginning		Ending					Expenses
	Account		Account		Annualized			Paid
	Value		Value		Expense			During
	11/01/19		04/30/20		Ratio (1)			Period (1)
Global Small Company Portfolio (2)
Actual Fund Return	$	1,000.00	$	824.10		0.48	%	$	2.18
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.48		0.48	%	$	2.41

International Small Company Portfolio (2)
Actual Fund Return	$	1,000.00	$	836.50		0.53	%	$	2.42
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.23		0.53	%	$	2.66

Japanese Small Company Portfolio (3)
Actual Fund Return	$	1,000.00	$	859.50		0.54	%	$	2.50
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.18		0.54	%	$	2.72

Asia Pacific Small Company Portfolio (3)
Actual Fund Return	$	1,000.00	$	817.90		0.55	%	$	2.49
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.13		0.55	%	$	2.77

United Kingdom Small Company Portfolio (3)
Actual Fund Return	$	1,000.00	$	787.80		0.58	%	$	2.58
Hypothetical 5% Annual Return	$	1,000.00	$	1,021.98		0.58	%	$	2.92

Continental Small Company Portfolio (3)
Actual Fund Return	$	1,000.00	$	841.00		0.54	%	$	2.47
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.18		0.54	%	$	2.72

DFA International Real Estate Securities Portfolio
Actual Fund Return	$	1,000.00	$	719.90		0.27	%	$	1.15
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.52		0.27	%	$	1.36

DFA Global Real Estate Securities Portfolio (4)
Actual Fund Return	$	1,000.00	$	787.00		0.24	%	$	1.07
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.67		0.24	%	$	1.21

DFA International Small Cap Value Portfolio
Actual Fund Return	$	1,000.00	$	790.00		0.66	%	$	2.94
Hypothetical 5% Annual Return	$	1,000.00	$	1,021.58		0.66	%	$	3.32

International Vector Equity Portfolio
Actual Fund Return	$	1,000.00	$	813.00		0.48	%	$	2.16
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.48		0.48	%	$	2.41

International High Relative Profitability Portfolio
Actual Fund Return	$	1,000.00	$	892.40		0.31	%	$	1.46
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.32		0.31	%	$	1.56

DISCLOSURE OF FUND EXPENSES

CONTINUED


	Beginning		Ending					Expenses
	Account		Account		Annualized			Paid
	Value		Value		Expense			During
	11/01/19		04/30/20		Ratio (1)			Period (1)
World ex U.S. Value Portfolio (2)
Actual Fund Return	$	1,000.00	$	773.80		0.60	%	$	2.65
Hypothetical 5% Annual Return	$	1,000.00	$	1,021.88		0.60	%	$	3.02

World ex U.S. Core Equity Portfolio
Actual Fund Return	$	1,000.00	$	835.80		0.36	%	$	1.64
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.07		0.36	%	$	1.81

World Core Equity Portfolio (2)
Actual Fund Return	$	1,000.00	$	882.30		0.32	%	$	1.50
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.27		0.32	%	$	1.61

Selectively Hedged Global Equity Portfolio (2)
Actual Fund Return	$	1,000.00	$	880.70		0.40	%	$	1.87
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.87		0.40	%	$	2.01

Emerging Markets Portfolio (3)
Actual Fund Return	$	1,000.00	$	857.30		0.46	%	$	2.12
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.58		0.46	%	$	2.31

Emerging Markets Small Cap Portfolio (3)
Actual Fund Return	$	1,000.00	$	826.30		0.71	%	$	3.22
Hypothetical 5% Annual Return	$	1,000.00	$	1,021.33		0.71	%	$	3.57

Emerging Markets Value Portfolio (3)
Actual Fund Return
Class R2 Shares	$	1,000.00	$	806.20		0.80	%	$	3.59
Institutional Class Shares	$	1,000.00	$	807.30		0.55	%	$	2.47
Hypothetical 5% Annual Return
Class R2 Shares	$	1,000.00	$	1,020.89		0.80	%	$	4.02
Institutional Class Shares	$	1,000.00	$	1,022.13		0.55	%	$	2.77

Emerging Markets Core Equity Portfolio
Actual Fund Return	$	1,000.00	$	844.90		0.51	%	$	2.34
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.33		0.51	%	$	2.56

Emerging Markets Targeted Value Portfolio
Actual Fund Return	$	1,000.00	$	806.70		0.84	%	$	3.77
Hypothetical 5% Annual Return	$	1,000.00	$	1,020.69		0.84	%	$	4.22

(1)

DISCLOSURE OF FUND EXPENSES

CONTINUED

(2)	The Portfolio is a Fund of Funds. The expenses shown reflect the direct expenses of the Fund of Funds and the Fund of Funds’ portion of the expenses of its Underlying Funds (Affiliated Investment Companies).

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

(4)	The Portfolio invests directly and indirectly through other funds. The expenses shown reflect the direct expenses of the fund and the fund’s portion of the expenses of its Master and/or Underlying Funds (Affiliated Investment Companies).

DFA INVESTMENT DIMENSIONS GROUP INC.

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

PORTFOLIO HOLDINGS

FEEDER FUNDS


	Affiliated Investment Companies
Japanese Small Company Portfolio		100.0	%
Asia Pacific Small Company Portfolio		100.0	%
United Kingdom Small Company Portfolio		100.0	%
Continental Small Company Portfolio		100.0	%
Emerging Markets Portfolio		100.0	%
Emerging Markets Small Cap Portfolio		100.0	%
Emerging Markets Value Portfolio		100.0	%

FUNDS OF FUNDS


	Affiliated Investment Companies
Global Small Company Portfolio		100.0	%
International Small Company Portfolio		100.0	%
World ex U.S. Value Portfolio		100.0	%
World Core Equity Portfolio		100.0	%
Selectively Hedged Global Equity Portfolio		100.0	%

DISCLOSURE OF PORTFOLIO HOLDINGS

CONTINUED

INTERNATIONAL EQUITY PORTFOLIOS

Large Cap International Portfolio


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

	100.0	%

International Core Equity Portfolio


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

	100.0	%

DFA International Real Estate Securities Portfolio


Real Estate	100.0	%

	100.0	%

DFA Global Real Estate Securities Portfolio


Affiliated Investment Companies	46.2	%
Real Estate	53.8	%

	100.0	%

DFA International Small Cap Value Portfolio


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

	100.0	%

International Vector Equity Portfolio


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

	100.0	%

International High Relative Profitability Portfolio


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

	100.0	%

World ex U.S. Core Equity Portfolio


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

	100.0	%

Emerging Markets Core Equity Portfolio


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

	100.0	%

Emerging Markets Targeted Value Portfolio


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

	100.0	%

LARGE CAP INTERNATIONAL PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (94.3%)
AUSTRALIA — (5.2%)
	BHP Group, Ltd.		842,811	$	17,205,398		0.4	%
#	Commonwealth Bank of Australia		470,347		19,000,364		0.4	%
	CSL, Ltd.		137,898		27,486,829		0.6	%
	Other Securities				191,226,072		4.0	%

TOTAL AUSTRALIA					254,918,663		5.4	%

AUSTRIA — (0.2%)
	Other Securities				7,706,226		0.2	%

BELGIUM — (0.9%)
	Anheuser-Busch InBev SA		265,831		12,379,754		0.3	%
	Other Securities				33,284,877		0.7	%

TOTAL BELGIUM					45,664,631		1.0	%

CANADA — (8.8%)
	Canadian National Railway Co.		149,760		12,384,693		0.3	%
	Enbridge, Inc.		423,071		12,979,818		0.3	%
	Royal Bank of Canada 2754383		335,579		20,644,154		0.4	%
#	Royal Bank of Canada 780087102		216,240		13,318,222		0.3	%
	Other Securities				373,403,161		7.8	%

TOTAL CANADA					432,730,048		9.1	%

CHINA — (0.0%)
	Other Security				2,055,224		0.0	%

DENMARK — (1.9%)
	Novo Nordisk A.S., Class B		541,515		34,543,246		0.7	%
	Other Securities				58,014,852		1.2	%

TOTAL DENMARK					92,558,098		1.9	%

FINLAND — (1.2%)
	Other Securities				58,200,561		1.2	%

FRANCE — (8.9%)
#	Air Liquide SA		137,694		17,494,603		0.4	%
	Cie Generale des Etablissements Michelin SCA		128,280		12,394,544		0.3	%
	L’Oreal SA		57,248		16,644,347		0.4	%
	LVMH Moet Hennessy Louis Vuitton SE		92,526		35,769,861		0.8	%
#	Sanofi		252,438		24,656,561		0.5	%
#	Schneider Electric SE		150,457		13,904,083		0.3	%
	Total SA		800,591		28,414,874		0.6	%
	Vinci SA		167,454		13,718,155		0.3	%
	Other Securities				271,181,686		5.5	%

TOTAL FRANCE					434,178,714		9.1	%

GERMANY — (6.4%)
	Allianz SE		72,518		13,345,579		0.3	%
	Bayer AG		378,996		24,926,323		0.5	%

LARGE CAP INTERNATIONAL PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
GERMANY — (Continued)
	Daimler AG		378,508	$	12,946,104		0.3	%
	Deutsche Telekom AG		1,134,959		16,592,664		0.4	%
	SAP SE		186,530		22,217,058		0.5	%
	Siemens AG		187,893		17,339,348		0.4	%
	Other Securities				205,850,141		4.2	%

TOTAL GERMANY					313,217,217		6.6	%

HONG KONG — (2.8%)
	AIA Group, Ltd.		2,500,200		22,946,252		0.5	%
	Other Securities				114,851,041		2.4	%

TOTAL HONG KONG					137,797,293		2.9	%

IRELAND — (0.7%)
	CRH P.L.C., Sponsored ADR		444,697		13,394,274		0.3	%
	Other Securities				21,647,828		0.4	%

TOTAL IRELAND					35,042,102		0.7	%

ISRAEL — (0.5%)
	Other Securities				25,990,847		0.6	%

ITALY — (2.1%)
	Enel SpA		2,271,536		15,515,599		0.3	%
	Other Securities				85,778,912		1.8	%

TOTAL ITALY					101,294,511		2.1	%

JAPAN — (23.5%)
	KDDI Corp.		742,300		21,500,176		0.5	%
	Nintendo Co., Ltd.		30,500		12,594,181		0.3	%
	NTT DOCOMO, Inc.		481,328		14,185,325		0.3	%
	SoftBank Group Corp.		692,576		29,685,608		0.6	%
	Sony Corp.		401,800		25,857,467		0.6	%
	Toyota Motor Corp.		725,723		44,869,176		1.0	%
	Toyota Motor Corp., Sponsored ADR		88,432		10,929,311		0.2	%
	Other Securities				990,254,984		20.7	%

TOTAL JAPAN					1,149,876,228		24.2	%

NETHERLANDS — (3.6%)
	ASML Holding NV		72,895		21,025,105		0.5	%
	Koninklijke Ahold Delhaize NV		677,848		16,458,376		0.4	%
	Unilever NV NL0000388619		268,265		13,359,403		0.3	%
	Other Securities				125,690,044		2.5	%

TOTAL NETHERLANDS					176,532,928		3.7	%

NEW ZEALAND — (0.4%)
	Other Securities				17,493,926		0.4	%

NORWAY — (0.6%)
	Other Securities				28,556,442		0.6	%

PORTUGAL — (0.2%)
	Other Securities				9,367,877		0.2	%

LARGE CAP INTERNATIONAL PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
SINGAPORE — (0.8%)
	Other Securities			$	39,138,548		0.8	%

SPAIN — (2.0%)
	Iberdrola S.A		2,031,389		20,207,802		0.4	%
	Other Securities				77,069,177		1.6	%

TOTAL SPAIN					97,276,979		2.0	%

SWEDEN — (2.6%)
	Other Securities				126,812,116		2.7	%

SWITZERLAND — (8.3%)
	Nestle SA		915,482		96,958,716		2.0	%
	Novartis AG		448,358		38,262,178		0.8	%
	Novartis AG, Sponsored ADR		140,403		11,896,346		0.3	%
	Roche Holding AG CH0012032048		227,381		78,741,437		1.7	%
	Other Securities				182,356,249		3.8	%

TOTAL SWITZERLAND					408,214,926		8.6	%

UNITED KINGDOM — (12.7%)
	AstraZeneca P.L.C		141,555		14,805,520		0.3	%
	AstraZeneca P.L.C., Sponsored ADR		570,883		29,845,763		0.6	%
#	BP P.L.C., Sponsored ADR		1,119,343		26,640,375		0.6	%
	British American Tobacco P.L.C		342,327		13,194,725		0.3	%
#	Diageo P.L.C., Sponsored ADR		103,202		14,308,957		0.3	%
	GlaxoSmithKline P.L.C., Sponsored ADR		633,823		26,664,934		0.6	%
	HSBC Holdings P.L.C., Sponsored ADR		671,660		17,281,812		0.4	%
	Reckitt Benckiser Group P.L.C		156,166		13,008,588		0.3	%
	Rio Tinto P.L.C., Sponsored ADR		267,962		12,377,165		0.3	%
	Royal Dutch Shell P.L.C., Sponsored ADR, Class B		493,656		15,782,182		0.3	%
#	Unilever P.L.C., Sponsored ADR		274,641		14,245,629		0.3	%
	Other Securities				424,727,105		8.8	%

TOTAL UNITED KINGDOM					622,882,755		13.1	%

UNITED STATES — (0.0%)
	Other Securities				794,964		0.0	%

TOTAL COMMON STOCKS					4,618,301,824		97.1	%

PREFERRED STOCKS — (0.5%)

GERMANY — (0.5%)
	Other Securities				24,309,828		0.5	%

TOTAL INVESTMENT SECURITIES (Cost $4,585,827,284)					4,642,611,652


				Value†
SECURITIES LENDING COLLATERAL — (5.2%)
@§	The DFA Short Term Investment Fund		22,051,108		255,153,375		5.4	%

TOTAL INVESTMENTS—(100.0%) (Cost $4,840,931,472)				$	4,897,765,027		103.0	%

LARGE CAP INTERNATIONAL PORTFOLIO

CONTINUED

As of April 30, 2020, Large Cap International Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^®Emini Index		580		06/19/20	$	79,309,678	$	84,169,600	$	4,859,922

Total Futures Contracts					$	79,309,678	$	84,169,600	$	4,859,922

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


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

TOTAL	$	798,655,174	$	4,103,969,775		—	$	4,902,624,949

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

See accompanying Notes to Financial Statements.

INTERNATIONAL CORE EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (93.9%)
AUSTRALIA — (5.8%)
	BHP Group, Ltd.		4,074,214	$	83,172,233		0.4	%
	Commonwealth Bank of Australia		1,083,027		43,750,481		0.2	%
	CSL, Ltd.		345,823		68,931,948		0.3	%
	Fortescue Metals Group, Ltd.		6,501,810		49,688,440		0.2	%
	Other Securities				1,172,668,752		4.9	%

TOTAL AUSTRALIA					1,418,211,854		6.0	%

AUSTRIA — (0.5%)
	Other Securities				119,355,050		0.5	%

BELGIUM — (1.2%)
	Other Securities				293,338,192		1.2	%

CANADA — (8.4%)
	Bank of Montreal 063671101		847,416		43,133,474		0.2	%
#	Canadian Natural Resources, Ltd.		2,565,626		42,999,892		0.2	%
*	Kinross Gold Corp.		8,338,438		55,052,441		0.3	%
	Kirkland Lake Gold, Ltd.		1,396,348		57,721,812		0.3	%
#	Royal Bank of Canada 2754383		782,481		48,136,677		0.2	%
	Royal Bank of Canada 780087102		1,049,719		64,652,193		0.3	%
	Suncor Energy, Inc.		2,403,185		42,896,852		0.2	%
	Other Securities				1,690,631,250		7.0	%

TOTAL CANADA					2,045,224,591		8.7	%

CHINA — (0.1%)
	Other Securities				11,688,512		0.1	%

DENMARK — (1.9%)
	Novo Nordisk A.S., Class B		891,477		56,867,324		0.3	%
	Other Securities				404,320,482		1.7	%

TOTAL DENMARK					461,187,806		2.0	%

FINLAND — (1.6%)
#	UPM-Kymmene Oyj		1,984,919		54,436,730		0.2	%
	Other Securities				335,416,064		1.5	%

TOTAL FINLAND					389,852,794		1.7	%

FRANCE — (7.3%)
	Air Liquide SA		365,702		46,463,981		0.2	%
	Cie Generale des Etablissements Michelin SCA		610,972		59,032,743		0.3	%
	Danone SA		622,094		43,358,103		0.2	%
	LVMH Moet Hennessy Louis Vuitton SE		248,440		96,045,050		0.4	%
	Orange SA		4,330,858		52,615,738		0.2	%
	Peugeot SA		3,367,636		47,738,386		0.2	%
	Total SA		2,613,611		92,763,256		0.4	%
	Vinci SA		522,320		42,789,463		0.2	%
	Other Securities				1,311,391,380		5.5	%

TOTAL FRANCE					1,792,198,100		7.6	%

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
GERMANY — (6.3%)
	Allianz SE		283,403	$	52,155,010		0.2	%
	Bayer AG		1,506,185		99,060,817		0.4	%
	Bayerische Motoren Werke AG		951,135		55,950,684		0.3	%
	Daimler AG		2,506,751		85,738,368		0.4	%
	Deutsche Telekom AG		5,414,362		79,155,889		0.3	%
	Other Securities				1,168,902,469		4.9	%

TOTAL GERMANY					1,540,963,237		6.5	%

HONG KONG — (2.7%)
	AIA Group, Ltd.		5,388,600		49,455,313		0.2	%
	Other Securities				611,964,149		2.6	%

TOTAL HONG KONG					661,419,462		2.8	%

IRELAND — (0.7%)
	Other Securities				159,684,189		0.7	%

ISRAEL — (0.8%)
	Other Securities				184,871,666		0.8	%

ITALY — (2.4%)
	Other Securities				589,546,679		2.5	%

JAPAN — (24.0%)
	Honda Motor Co., Ltd.		2,326,423		56,495,222		0.3	%
	KDDI Corp.		2,158,400		62,516,477		0.3	%
	SoftBank Group Corp.		2,981,263		127,784,667		0.6	%
	Sony Corp.		1,141,000		73,427,999		0.3	%
	Toyota Motor Corp.		2,841,695		175,693,085		0.8	%
	Toyota Motor Corp., Sponsored ADR		408,823		50,526,435		0.2	%
	Other Securities				5,317,562,741		22.3	%

TOTAL JAPAN					5,864,006,626		24.8	%

NETHERLANDS — (3.2%)
	ASML Holding NV		180,590		52,087,574		0.2	%
	Koninklijke Ahold Delhaize NV		3,769,401		91,522,318		0.4	%
	Other Securities				646,849,509		2.7	%

TOTAL NETHERLANDS					790,459,401		3.3	%

NEW ZEALAND — (0.5%)
	Other Securities				114,014,346		0.5	%

NORWAY — (0.7%)
	Other Securities				179,366,833		0.8	%

PORTUGAL — (0.2%)
	Other Securities				58,621,988		0.2	%

SINGAPORE — (0.9%)
	Other Securities				218,879,434		0.9	%

SPAIN — (2.0%)
	Iberdrola S.A		7,929,855		78,884,419		0.3	%

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
SPAIN — (Continued)
	Other Securities			$	417,338,844		1.8	%

TOTAL SPAIN					496,223,263		2.1	%

SWEDEN — (2.5%)
	Other Securities				618,408,280		2.6	%

SWITZERLAND — (7.3%)
	Nestle SA		2,748,677		291,112,434		1.2	%
#	Novartis AG, Sponsored ADR		953,193		80,764,043		0.4	%
	Roche Holding AG CH0012032048		634,350		219,673,721		0.9	%
	Swisscom AG		97,290		50,551,093		0.2	%
	Other Securities				1,139,044,923		4.8	%

TOTAL SWITZERLAND					1,781,146,214		7.5	%

UNITED KINGDOM — (12.8%)
	Anglo American P.L.C		2,586,822		46,006,755		0.2	%
	AstraZeneca P.L.C., Sponsored ADR		1,444,584		75,522,851		0.3	%
#	BP P.L.C., Sponsored ADR		5,300,096		126,142,285		0.5	%
	British American Tobacco P.L.C		1,148,738		44,277,203		0.2	%
	GlaxoSmithKline P.L.C., Sponsored ADR		1,030,233		43,341,902		0.2	%
#	HSBC Holdings P.L.C., Sponsored ADR		3,163,564		81,398,502		0.4	%
#	Rio Tinto P.L.C., Sponsored ADR		1,793,636		82,848,047		0.4	%
#	Royal Dutch Shell P.L.C., Sponsored ADR, Class A		1,490,318		49,374,235		0.2	%
	Royal Dutch Shell P.L.C., Sponsored ADR, Class B		1,716,768		54,885,073		0.2	%
	Other Securities				2,532,184,554		10.7	%

TOTAL UNITED KINGDOM					3,135,981,407		13.3	%

UNITED STATES — (0.1%)
	Other Securities				21,014,889		0.1	%

TOTAL COMMON STOCKS					22,945,664,813		97.2	%

PREFERRED STOCKS — (0.6%)

GERMANY — (0.6%)
	Volkswagen AG		577,919		80,406,535		0.4	%
	Other Securities				69,375,721		0.2	%

TOTAL GERMANY					149,782,256		0.6	%

RIGHTS/WARRANTS — (0.0%)

CANADA — (0.0%)
	Other Securities				1,590,667		0.0	%

SWEDEN — (0.0%)
	Other Security				494		0.0	%

FRANCE — (0.0%)
	Other Security				3,997		0.0	%

NORWAY — (0.0%)
	Other Security				50,115		0.0	%

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
ISRAEL — (0.0%)
	Other Security			$	7,814		0.0	%

TOTAL RIGHTS/WARRANTS					1,653,087		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $25,542,308,176)					23,097,100,156


				Value†
SECURITIES LENDING COLLATERAL — (5.5%)
@§	The DFA Short Term Investment Fund		115,685,309		1,338,594,714		5.7	%

TOTAL INVESTMENTS—(100.0%) (Cost $26,880,646,177)				$	24,435,694,870		103.5	%

As of April 30, 2020, International Core Equity Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^®Emini Index		2,599		06/19/20	$	343,237,821	$	377,166,880	$	33,929,059

Total Futures Contracts					$	343,237,821	$	377,166,880	$	33,929,059

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	45,840,009	$	1,372,371,845		—	$	1,418,211,854
Austria		59,577		119,295,473		—		119,355,050
Belgium		8,021,830		285,316,362		—		293,338,192
Canada		2,033,731,101		11,493,490		—		2,045,224,591
China		—		11,688,512		—		11,688,512
Denmark		37,699,272		423,488,534		—		461,187,806
Finland		—		389,852,794		—		389,852,794
France		52,664,052		1,739,534,048		—		1,792,198,100
Germany		52,029,433		1,488,933,804		—		1,540,963,237
Hong Kong		1,052,076		660,367,386		—		661,419,462
Ireland		28,944,989		130,739,200		—		159,684,189
Israel		19,741,260		165,130,406		—		184,871,666
Italy		14,548,740		574,997,939		—		589,546,679
Japan		112,664,658		5,751,341,968		—		5,864,006,626
Netherlands		110,099,050		680,360,351		—		790,459,401
New Zealand		225,890		113,788,456		—		114,014,346
Norway		8,015,398		171,351,435		—		179,366,833
Portugal		306,877		58,315,111		—		58,621,988
Singapore		7,305		218,872,129		—		218,879,434
Spain		8,475,574		487,747,689		—		496,223,263
Sweden		2,060,644		616,347,636		—		618,408,280
Switzerland		111,872,004		1,669,274,210		—		1,781,146,214

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED


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

TOTAL	$	3,395,711,466	$	21,073,912,463		—	$	24,469,623,929

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

See accompanying Notes to Financial Statements.

GLOBAL SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


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

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $45,186,779)			$	38,562,851

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Affiliated Investment Companies	$	38,562,851		—		—	$	38,562,851

TOTAL	$	38,562,851		—		—	$	38,562,851

See accompanying Notes to Financial Statements.

INTERNATIONAL SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


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

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	9,806,409,834

As of April 30, 2020, International Small Company Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^®Emini Index		600		06/19/20	$	82,261,980	$	87,072,000	$	4,810,020

Total Futures Contracts					$	82,261,980	$	87,072,000	$	4,810,020

Summary of the Portfolio’s Master Fund’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Affiliated Investment Companies	$	9,806,409,834		—		—	$	9,806,409,834
Futures Contracts**		4,810,020		—		—		4,810,020

TOTAL	$	9,811,219,854		—		—	$	9,811,219,854

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

See accompanying Notes to Financial Statements.

JAPANESE SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


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

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	503,308,843

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

See accompanying Notes to Financial Statements.

ASIA PACIFIC SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


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

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	296,611,085

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

See accompanying Notes to Financial Statements.

UNITED KINGDOM SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


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

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	17,936,805

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

See accompanying Notes to Financial Statements.

CONTINENTAL SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


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

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	480,071,994

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

See accompanying Notes to Financial Statements.

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (95.9%)
AUSTRALIA — (16.6%)
	Charter Hall Group		5,827,371	$	28,796,231		0.6	%
	Dexus		13,878,720		82,388,605		1.8	%
	Goodman Group		20,965,850		178,571,056		3.9	%
	GPT Group (The)		24,478,471		67,273,468		1.5	%
	Mirvac Group		50,255,240		73,025,567		1.6	%
	Scentre Group		66,148,884		99,371,956		2.1	%
	Stockland		29,327,949		54,459,229		1.2	%
	Vicinity Centres		39,438,771		37,756,071		0.8	%
	Other Securities				155,407,403		3.3	%

TOTAL AUSTRALIA					777,049,586		16.8	%

BELGIUM — (3.5%)
	Aedifica SA		309,783		30,023,589		0.7	%
	Cofinimmo SA		316,263		43,967,474		1.0	%
	Warehouses De Pauw CVA		1,663,501		45,635,742		1.0	%
	Other Securities				44,567,057		0.9	%

TOTAL BELGIUM					164,193,862		3.6	%

CANADA — (5.1%)
#	Canadian Apartment Properties REIT		993,995		34,205,511		0.8	%
	Other Securities				203,808,632		4.4	%

TOTAL CANADA					238,014,143		5.2	%

CHINA — (0.2%)
	Other Securities				10,532,587		0.2	%

FRANCE — (4.3%)
#	Covivio		581,312		36,507,206		0.8	%
	Gecina SA		546,968		71,768,186		1.6	%
#	ICADE		384,832		29,560,826		0.6	%
	Klepierre SA		2,403,269		48,788,507		1.1	%
	Other Securities				15,680,481		0.3	%

TOTAL FRANCE					202,305,206		4.4	%

GERMANY — (0.9%)
	Alstria office REIT-AG		1,931,543		28,953,223		0.6	%
	Other Security				11,206,152		0.3	%

TOTAL GERMANY					40,159,375		0.9	%

HONG KONG — (5.7%)
	Link REIT		24,559,205		218,926,658		4.7	%
	Other Securities				45,458,897		1.0	%

TOTAL HONG KONG					264,385,555		5.7	%

IRELAND — (0.3%)
	Other Securities				15,285,421		0.3	%

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
ITALY — (0.1%)
	Other Securities			$	4,675,468		0.1	%

JAPAN — (26.7%)
	Advance Residence Investment Corp.		16,207		49,727,258		1.1	%
#	Daiwa House REIT Investment Corp.		24,500		59,280,198		1.3	%
	GLP J-Reit		42,656		54,993,981		1.2	%
	Industrial & Infrastructure Fund Investment Corp.		21,339		29,725,685		0.6	%
	Japan Real Estate Investment Corp.		16,503		89,136,925		1.9	%
	Japan Retail Fund Investment Corp.		32,749		35,703,779		0.8	%
	Nippon Accommodations Fund, Inc.		5,522		32,796,309		0.7	%
	Nippon Building Fund, Inc.		16,846		100,456,641		2.2	%
	Nippon Prologis REIT, Inc.		25,660		71,034,426		1.5	%
	Nomura Real Estate Master Fund, Inc.		51,236		58,266,319		1.3	%
	Orix JREIT, Inc.		32,207		38,503,159		0.8	%
#	Sekisui House Reit, Inc.		50,068		30,584,440		0.7	%
	United Urban Investment Corp.		36,728		36,847,413		0.8	%
	Other Securities				561,138,863		12.1	%

TOTAL JAPAN					1,248,195,396		27.0	%

MALAYSIA — (0.6%)
	Other Securities				27,510,399		0.6	%

MEXICO — (1.4%)
	Fibra Uno Administracion S.A. de C.V		39,882,913		33,113,028		0.7	%
	Other Securities				34,546,276		0.8	%

TOTAL MEXICO					67,659,304		1.5	%

NETHERLANDS — (2.7%)
	Unibail-Rodamco-Westfield (BFYM460)		1,244,295		73,676,475		1.6	%
	Other Securities				53,350,068		1.1	%

TOTAL NETHERLANDS					127,026,543		2.7	%

NEW ZEALAND — (1.2%)
	Other Securities				56,221,417		1.2	%

SINGAPORE — (10.2%)
	Ascendas Real Estate Investment Trust		32,570,892		68,114,867		1.5	%
	CapitaLand Commercial Trust		31,995,849		36,358,348		0.8	%
#	CapitaLand Mall Trust		28,789,000		38,303,794		0.8	%
#	Mapletree Commercial Trust		24,011,206		33,062,979		0.7	%
#	Mapletree Industrial Trust		18,353,458		32,950,987		0.7	%
	Mapletree Logistics Trust		29,929,556		37,912,575		0.8	%
	Other Securities				229,745,568		5.0	%

TOTAL SINGAPORE					476,449,118		10.3	%

SOUTH AFRICA — (1.3%)
	Growthpoint Properties, Ltd.		39,105,076		29,363,160		0.6	%
	Other Securities				31,980,334		0.7	%

TOTAL SOUTH AFRICA					61,343,494		1.3	%

SPAIN — (1.5%)
	Merlin Properties Socimi SA		4,273,959		39,662,815		0.9	%

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
SPAIN — (Continued)
	Other Securities			$	32,104,831		0.7	%

TOTAL SPAIN					71,767,646		1.6	%

TAIWAN — (0.3%)
	Other Securities				14,210,726		0.3	%

TURKEY — (0.3%)
	Other Securities				12,518,419		0.3	%

UNITED KINGDOM — (13.0%)
	Big Yellow Group P.L.C		2,185,771		29,421,528		0.6	%
#	British Land Co. P.L.C. (The)		11,051,490		56,376,357		1.2	%
	Derwent London P.L.C		1,340,418		52,375,831		1.1	%
	Great Portland Estates P.L.C		3,427,508		29,193,096		0.6	%
#	Land Securities Group P.L.C		8,708,833		72,623,434		1.6	%
	LondonMetric Property P.L.C		12,074,987		29,501,795		0.6	%
	Safestore Holdings P.L.C		3,268,889		29,570,413		0.6	%
	Segro P.L.C		13,456,088		141,040,321		3.1	%
	UNITE Group P.L.C. (The)		2,993,487		33,054,726		0.7	%
	Other Securities				134,507,403		3.0	%

TOTAL UNITED KINGDOM					607,664,904		13.1	%

TOTAL COMMON STOCKS					4,487,168,569		97.1	%

RIGHTS/WARRANTS — (0.0%)

TURKEY — (0.0%)
	Other Security				77,977		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $5,276,486,041)					4,487,246,546


				Value†
SECURITIES LENDING COLLATERAL — (4.1%)
@§	The DFA Short Term Investment Fund		16,623,202		192,347,069		4.1	%

TOTAL INVESTMENTS—(100.0%) (Cost $5,468,787,843)				$	4,679,593,615		101.2	%

As of April 30, 2020, DFA International Real Estate Securities Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^®Emini Index		568		06/19/20	$	63,706,828	$	82,428,160	$	18,721,332

Total Futures Contracts					$	63,706,828	$	82,428,160	$	18,721,332

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

CONTINUED

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	352,509	$	776,697,077		—	$	777,049,586
Belgium		—		164,193,862		—		164,193,862
Canada		238,014,143		—		—		238,014,143
China		—		10,532,587		—		10,532,587
France		—		202,305,206		—		202,305,206
Germany		—		40,159,375		—		40,159,375
Hong Kong		—		264,385,555		—		264,385,555
Ireland		—		15,285,421		—		15,285,421
Italy		—		4,675,468		—		4,675,468
Japan		—		1,248,195,396		—		1,248,195,396
Malaysia		—		27,510,399		—		27,510,399
Mexico		67,659,304		—		—		67,659,304
Netherlands		—		127,026,543		—		127,026,543
New Zealand		—		56,221,417		—		56,221,417
Singapore		—		476,449,118		—		476,449,118
South Africa		—		61,343,494		—		61,343,494
Spain		—		71,767,646		—		71,767,646
Taiwan		—		14,210,726		—		14,210,726
Turkey		—		12,518,419		—		12,518,419
United Kingdom		—		607,664,904		—		607,664,904
Rights/Warrants
Turkey		—		77,977		—		77,977
Securities Lending Collateral		—		192,347,069		—		192,347,069
Futures Contracts**		18,721,332		—		—		18,721,332

TOTAL	$	324,747,288	$	4,373,567,659		—	$	4,698,314,947

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

See accompanying Notes to Financial Statements.

DFA GLOBAL REAL ESTATE SECURITIES PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (53.1%)
CANADA — (0.0%)
	Other Security			$	1,736,766		0.0	%

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

DFA GLOBAL REAL ESTATE SECURITIES PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
UNITED STATES — (Continued)
	Other Securities			$	664,796,453		9.1	%

TOTAL UNITED STATES					3,837,719,560		53.7	%

VIRGIN ISLANDS, U.S. — (0.0%)
	Other Security				1,117,107		0.0	%

TOTAL COMMON STOCKS					3,840,573,433		53.7	%


				Value†
AFFILIATED INVESTMENT COMPANIES — (45.7%)
	DFA International Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc.		694,305,620		2,478,671,061		34.7	%
	DFA Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc.		24,067,787		820,470,862		11.5	%

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES					3,299,141,923		46.2	%

TOTAL INVESTMENT SECURITIES (Cost $7,640,097,121)					7,139,715,356

SECURITIES LENDING COLLATERAL — (1.2%)
@§	The DFA Short Term Investment Fund		7,229,586		83,653,540		1.2	%

TOTAL INVESTMENTS—(100.0%) (Cost $7,723,732,895)				$	7,223,368,896		101.1	%

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Canada	$	1,736,766		—		—	$	1,736,766
United States		3,837,578,807	$	140,753		—		3,837,719,560
Virgin Islands, U.S		1,117,107		—		—		1,117,107
Affiliated Investment Companies		3,299,141,923		—		—		3,299,141,923
Securities Lending Collateral		—		83,653,540		—		83,653,540

TOTAL	$	7,139,574,603	$	83,794,293		—	$	7,223,368,896

See accompanying Notes to Financial Statements.

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (95.3%)
AUSTRALIA — (6.6%)
	Cleanaway Waste Management, Ltd.		44,191,128	$	53,317,636		0.6	%
	IGO, Ltd.		9,546,016		28,959,494		0.3	%
	OZ Minerals, Ltd.		7,869,504		45,361,603		0.5	%
	Other Securities				532,435,712		5.3	%

TOTAL AUSTRALIA					660,074,445		6.7	%

AUSTRIA — (0.9%)
	Other Securities				90,468,164		0.9	%

BELGIUM — (1.7%)
	Ackermans & van Haaren NV		373,261		49,471,129		0.5	%
	Euronav NV		3,368,136		37,619,323		0.4	%
	Other Securities				88,809,314		0.9	%

TOTAL BELGIUM					175,899,766		1.8	%

CANADA — (9.4%)
*	Alacer Gold Corp.		7,196,912		36,916,521		0.4	%
	Alamos Gold, Inc., Class A		8,223,073		66,224,109		0.7	%
	Centerra Gold, Inc.		6,281,446		50,226,297		0.5	%
*	IAMGOLD Corp.		10,385,977		36,337,302		0.4	%
	Kirkland Lake Gold, Ltd.		1,774,198		73,341,233		0.8	%
	TransAlta Corp. 2901628		6,330,384		37,246,916		0.4	%
	Yamana Gold, Inc.		19,985,604		94,188,414		1.0	%
	Other Securities				552,113,079		5.4	%

TOTAL CANADA					946,593,871		9.6	%

CHINA — (0.0%)
	Other Securities				1,979,623		0.0	%

DENMARK — (1.7%)
*	Jyske Bank A.S		1,248,288		33,694,924		0.4	%
	Other Securities				140,031,270		1.4	%

TOTAL DENMARK					173,726,194		1.8	%

FINLAND — (2.0%)
	Kemira Oyj		2,792,209		33,590,360		0.3	%
#	Metsa Board Oyj		4,879,409		33,986,868		0.4	%
	Other Securities				137,865,980		1.4	%

TOTAL FINLAND					205,443,208		2.1	%

FRANCE — (3.8%)
#	Casino Guichard Perrachon SA		875,911		32,878,974		0.3	%
	Elis SA		2,920,469		35,997,957		0.4	%
	Korian SA		957,145		32,148,025		0.3	%
	Rexel SA		6,861,753		64,087,227		0.7	%
	Other Securities				214,182,867		2.2	%

TOTAL FRANCE					379,295,050		3.9	%

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
GERMANY — (5.1%)
	Aurubis AG		1,173,538	$	60,836,816		0.6	%
	Lanxess AG		1,083,348		53,306,566		0.6	%
#*	OSRAM Licht AG		1,064,472		46,841,501		0.5	%
	Other Securities				352,699,838		3.5	%

TOTAL GERMANY					513,684,721		5.2	%

GREECE — (0.0%)
	Other Securities				1,883		0.0	%

HONG KONG — (3.0%)
	Other Securities				297,652,854		3.0	%

IRELAND — (0.1%)
	Other Securities				9,334,111		0.1	%

ISRAEL — (0.8%)
	Other Securities				81,690,410		0.8	%

ITALY — (4.1%)
	Buzzi Unicem SpA		2,094,916		41,100,170		0.4	%
#*	Saipem SpA		11,811,160		30,315,237		0.3	%
	Unione di Banche Italiane SpA		25,232,083		72,332,143		0.7	%
	Unipol Gruppo SpA		10,098,772		34,844,744		0.4	%
	Other Securities				238,502,305		2.4	%

TOTAL ITALY					417,094,599		4.2	%

JAPAN — (27.9%)
	Other Securities				2,807,590,272		28.6	%

NETHERLANDS — (2.8%)
	APERAM SA		1,236,551		32,040,068		0.3	%
	ASR Nederland NV		2,674,123		71,664,304		0.7	%
#	SBM Offshore NV		4,667,578		59,161,973		0.6	%
	Signify NV		1,904,294		38,764,455		0.4	%
	Other Securities				81,914,647		0.9	%

TOTAL NETHERLANDS					283,545,447		2.9	%

NEW ZEALAND — (0.5%)
	Other Securities				45,744,389		0.5	%

NORWAY — (0.7%)
	Other Securities				69,591,248		0.7	%

PORTUGAL — (0.3%)
	Other Securities				26,414,245		0.3	%

SINGAPORE — (0.9%)
	Other Securities				93,590,028		1.0	%

SPAIN — (2.1%)
	Acciona SA		447,710		44,374,656		0.5	%
	Acerinox SA		3,935,087		29,643,659		0.3	%
	Ebro Foods SA		1,792,345		38,142,772		0.4	%

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
SPAIN — (Continued)
	Other Securities			$	102,228,513		1.0	%

TOTAL SPAIN					214,389,600		2.2	%

SWEDEN — (2.5%)
	Other Securities				254,922,533		2.6	%

SWITZERLAND — (4.9%)
	Allreal Holding AG		281,115		52,214,825		0.5	%
	Helvetia Holding AG		649,974		59,248,709		0.6	%
	Siegfried Holding AG		64,976		29,616,955		0.3	%
	Other Securities				347,480,255		3.6	%

TOTAL SWITZERLAND					488,560,744		5.0	%

UNITED KINGDOM — (13.5%)
	Aggreko P.L.C.		5,339,462		30,790,842		0.3	%
	Babcock International Group P.L.C.		6,665,733		35,306,155		0.4	%
	Bellway P.L.C.		2,925,785		97,900,638		1.0	%
	Centamin P.L.C.		34,704,078		67,193,119		0.7	%
	Close Brothers Group P.L.C.		3,046,962		41,782,991		0.4	%
	Grafton Group P.L.C.		5,429,731		43,326,014		0.5	%
	Meggitt P.L.C.		8,718,762		30,530,085		0.3	%
	National Express Group P.L.C.		9,677,540		33,301,719		0.3	%
	Phoenix Group Holdings P.L.C.		4,246,625		32,224,749		0.3	%
	Redrow P.L.C.		7,039,369		40,900,919		0.4	%
	TP ICAP P.L.C.		8,450,089		36,075,273		0.4	%
	Travis Perkins P.L.C.		5,082,624		66,366,247		0.7	%
	Vesuvius P.L.C.		7,297,106		36,773,383		0.4	%
	Vistry Group P.L.C.		6,540,503		66,422,468		0.7	%
	Other Securities				694,851,384		7.0	%

TOTAL UNITED KINGDOM					1,353,745,986		13.8	%

UNITED STATES — (0.0%)
	Other Securities				3,968,803		0.0	%

TOTAL COMMON STOCKS					9,595,002,194		97.7	%

PREFERRED STOCKS — (0.2%)

GERMANY — (0.2%)
	Other Securities				20,666,192		0.2	%

RIGHTS/WARRANTS — (0.0%)

SINGAPORE — (0.0%)
	Other Securities.				4,345		0.0	%

CANADA — (0.0%)
	Other Security				796,798		0.0	%

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED


			Shares		Value»		Percentage of Net Assets‡
NORWAY — (0.0%)
	Other Security				$	266,662		0.0	%
		��
TOTAL RIGHTS/WARRANTS						1,067,805		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $11,681,955,179)						9,616,736,191


					Value†
SECURITIES LENDING COLLATERAL — (4.5%)
@§	The DFA Short Term Investment Fund			38,790,633		448,846,415		4.6	%

TOTAL INVESTMENTS—(100.0%) (Cost $12,130,724,546)					$	10,065,582,606		102.5	%

As of April 30, 2020, DFA International Small Cap Value Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^®Emini Index		839		06/19/20	$	112,740,633	$	121,755,680	$	9,015,047

Total Futures Contracts					$	112,740,633	$	121,755,680	$	9,015,047

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	15,732,758	$	644,341,687		—	$	660,074,445
Austria		—		90,468,164		—		90,468,164
Belgium		—		175,899,766		—		175,899,766
Canada		945,255,795		1,338,076		—		946,593,871
China		—		1,979,623		—		1,979,623
Denmark		—		173,726,194		—		173,726,194
Finland		—		205,443,208		—		205,443,208
France		—		379,295,050		—		379,295,050
Germany		2,345,140		511,339,581		—		513,684,721
Greece		—		1,883		—		1,883
Hong Kong		—		297,652,854		—		297,652,854
Ireland		—		9,334,111		—		9,334,111
Israel		110,058		81,580,352		—		81,690,410
Italy		—		417,094,599		—		417,094,599
Japan		—		2,807,590,272		—		2,807,590,272
Netherlands		—		283,545,447		—		283,545,447
New Zealand		—		45,744,389		—		45,744,389
Norway		859,899		68,731,349		—		69,591,248
Portugal		—		26,414,245		—		26,414,245
Singapore		—		93,590,028		—		93,590,028
Spain		—		214,389,600		—		214,389,600
Sweden		1,303,414		253,619,119		—		254,922,533

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED


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

TOTAL.	$	976,797,202	$	9,097,800,451		—	$	10,074,597,653

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

See accompanying Notes to Financial Statements.

INTERNATIONAL VECTOR EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (92.9%)
AUSTRALIA — (5.4%)
	Other Securities			$	149,950,863		5.7	%

AUSTRIA — (0.6%)
	Other Securities				16,604,447		0.6	%

BELGIUM — (1.3%)
	KBC Group NV		101,009		5,478,821		0.2	%
	Other Securities				29,199,146		1.1	%

TOTAL BELGIUM					34,677,967		1.3	%

CANADA — (8.4%)
#	Bank of Nova Scotia (The)		102,743		4,124,104		0.2	%
#	Canadian Natural Resources, Ltd.		614,679		10,302,020		0.4	%
*	Kinross Gold Corp.		612,803		4,045,878		0.2	%
	Magna International, Inc.		156,616		6,112,722		0.2	%
	Royal Bank of Canada 2754383		73,948		4,549,134		0.2	%
	Other Securities				203,307,189		7.7	%

TOTAL CANADA					232,441,047		8.9	%

CHINA — (0.1%)
	Other Securities				1,981,335		0.1	%

DENMARK — (1.9%)
	Pandora A.S		115,658		4,112,628		0.2	%
	Other Securities				49,365,901		1.8	%

TOTAL DENMARK					53,478,529		2.0	%

FINLAND — (1.6%)
	Stora Enso Oyj, Class R		414,282		4,873,843		0.2	%
	Other Securities				40,320,414		1.5	%

TOTAL FINLAND					45,194,257		1.7	%

FRANCE — (6.7%)
	Arkema SA		75,942		6,320,878		0.3	%
	Atos SE		75,281		5,383,656		0.2	%
	Cie de Saint-Gobain		157,949		4,202,692		0.2	%
	Cie Generale des Etablissements Michelin SCA		104,734		10,119,507		0.4	%
	Ingenico Group SA		33,185		4,175,262		0.2	%
	Orange SA		382,501		4,647,017		0.2	%
	Peugeot SA		392,822		5,568,502		0.2	%
#	Sanofi		49,489		4,833,775		0.2	%
	Total SA		344,730		12,235,286		0.5	%
	Other Securities				129,456,644		4.8	%

TOTAL FRANCE					186,943,219		7.2	%

GERMANY — (6.0%)
	Allianz SE		40,989		7,543,257		0.3	%
	Bayer AG		75,182		4,944,672		0.2	%

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED


		Shares			Value»		Percentage of Net Assets‡
GERMANY — (Continued)
	Commerzbank AG		1,107,916		$	4,084,810		0.2	%
#	Daimler AG		153,503			5,250,261		0.2	%
	Other Securities					144,457,870		5.5	%

TOTAL GERMANY						166,280,870		6.4	%

HONG KONG — (2.4%)
	Other Securities					67,618,426		2.6	%

IRELAND — (0.8%)
	CRH P.L.C., Sponsored ADR		340,667			10,260,890		0.4	%
	Other Securities					12,025,774		0.5	%

TOTAL IRELAND						22,286,664		0.9	%

ISRAEL — (1.0%)
	Other Securities					26,314,066		1.0	%

ITALY — (2.7%)
	Other Securities					74,056,509		2.8	%

JAPAN — (24.9%)
	Honda Motor Co., Ltd.		181,235			4,401,139		0.2	%
	Inpex Corp.		617,500			3,986,019		0.2	%
	Mitsubishi Heavy Industries, Ltd.		191,000			4,897,933		0.2	%
	Mitsubishi UFJ Financial Group, Inc.		1,169,800			4,725,992		0.2	%
	SoftBank Group Corp.		134,600			5,769,306		0.2	%
	Toyota Motor Corp.		86,018			5,318,223		0.2	%
#	Toyota Motor Corp., Sponsored ADR		41,727			5,157,040		0.2	%
	Other Securities					656,590,625		25.0	%

TOTAL JAPAN						690,846,277		26.4	%

NETHERLANDS — (3.2%)
	ASM International NV		41,559			4,594,777		0.2	%
	ASR Nederland NV		149,446			4,005,030		0.2	%
#	Koninklijke Ahold Delhaize NV		437,995			10,634,665		0.4	%
	Koninklijke DSM NV		33,749			4,136,340		0.2	%
	Randstad NV		112,767	��		4,538,369		0.2	%
	Other Securities					59,375,217		2.1	%

TOTAL NETHERLANDS						87,284,398		3.3	%

NEW ZEALAND — (0.5%)
	Other Securities					13,262,094		0.5	%

NORWAY — (0.7%)
	Other Securities					20,128,144		0.8	%

PORTUGAL — (0.2%)
	Other Securities					6,592,609		0.3	%

SINGAPORE — (0.9%)
	Other Securities					25,131,062		1.0	%

SPAIN — (1.9%)
	Banco Bilbao Vizcaya Argentaria SA		1,469,339			4,802,943		0.2	%

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
SPAIN — (Continued)
	Other Securities			$	48,698,024		1.8	%

TOTAL SPAIN					53,500,967		2.0	%

SWEDEN — (2.7%)
	Other Securities				74,661,397		2.9	%

SWITZERLAND — (7.1%)
	Allreal Holding AG		22,133		4,111,025		0.2	%
	Baloise Holding AG		37,208		5,566,965		0.2	%
	Clariant AG		237,945		4,398,590		0.2	%
	Logitech International SA		88,147		4,245,446		0.2	%
	Nestle SA		126,847		13,434,368		0.5	%
	Novartis AG, Sponsored ADR		70,669		5,987,784		0.2	%
	Swiss Prime Site AG		48,702		4,636,747		0.2	%
	Zurich Insurance Group AG		15,735		4,988,850		0.2	%
	Other Securities				149,946,010		5.7	%

TOTAL SWITZERLAND					197,315,785		7.6	%

UNITED KINGDOM — (11.8%)
	Anglo American P.L.C.		277,842		4,941,434		0.2	%
	BP P.L.C.		2,182,339		8,599,317		0.3	%
#	BP P.L.C., Sponsored ADR		248,133		5,905,569		0.2	%
	British American Tobacco P.L.C.		158,257		6,099,892		0.2	%
	HSBC Holdings P.L.C., Sponsored ADR		311,326		8,010,418		0.3	%
#	Royal Dutch Shell P.L.C., Sponsored ADR, Class A		161,774		5,359,566		0.2	%
	Other Securities				288,323,811		11.1	%

TOTAL UNITED KINGDOM					327,240,007		12.5	%

UNITED STATES — (0.1%)
	Other Securities				3,498,417		0.1	%

TOTAL COMMON STOCKS					2,577,289,356		98.6	%

PREFERRED STOCKS — (0.5%)

GERMANY — (0.5%)
	Volkswagen AG		37,898		5,272,792		0.2	%
	Other Securities				8,080,973		0.3	%

TOTAL GERMANY					13,353,765		0.5	%

RIGHTS/WARRANTS — (0.0%)

CANADA — (0.0%)
	Other Securities				161,242		0.0	%

SWEDEN — (0.0%)
	Other Security				57		0.0	%

FRANCE — (0.0%)
	Other Security				747		0.0	%

NORWAY — (0.0%)
	Other Security				8,494		0.0	%

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
ISRAEL — (0.0%)
	Other Security			$	945		0.0	%

TOTAL RIGHTS/WARRANTS					171,485		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $2,815,307,552)					2,590,814,606


				Value†
SECURITIES LENDING COLLATERAL — (6.6%)
@§	The DFA Short Term Investment Fund		15,781,260		182,604,958		7.0	%

TOTAL INVESTMENTS—(100.0%) (Cost $2,997,878,251)				$	2,773,419,564		106.1	%

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


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

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Sweden		—	$	57		—	$	57
Securities Lending Collateral		—		182,604,958		—		182,604,958

TOTAL	$	330,464,654	$	2,442,954,910		—	$	2,773,419,564

See accompanying Notes to Financial Statements.

INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (94.2%)
AUSTRALIA — (5.4%)
	BHP Group, Ltd.		247,858	$	5,059,848		0.5	%
	CSL, Ltd.		56,488		11,259,598		1.2	%
	Other Securities				36,049,576		3.9	%

TOTAL AUSTRALIA					52,369,022		5.6	%

AUSTRIA — (0.1%)
	Other Securities				694,233		0.1	%

BELGIUM — (0.9%)
	Other Securities				8,175,856		0.9	%

CANADA — (8.5%)
	Canadian National Railway Co.		51,046		4,230,182		0.5	%
	Canadian Natural Resources, Ltd.		318,823		5,339,103		0.6	%
	Other Securities				71,648,531		7.6	%

TOTAL CANADA					81,217,816		8.7	%

DENMARK — (1.9%)
	Novo Nordisk A.S., Class B		216,287		13,796,949		1.5	%
	Other Securities				4,019,614		0.4	%

TOTAL DENMARK					17,816,563		1.9	%

FINLAND — (1.1%)
	Other Securities				10,162,967		1.1	%

FRANCE — (8.4%)
	Cie Generale des Etablissements Michelin SCA		51,897		5,014,342		0.5	%
#	Kering SA		9,530		4,847,954		0.5	%
	Legrand SA		69,954		4,689,896		0.5	%
	LVMH Moet Hennessy Louis Vuitton SE		40,957		15,833,671		1.7	%
	Orange SA		342,562		4,161,797		0.5	%
	Vinci SA		81,013		6,636,741		0.7	%
	Other Securities				39,905,729		4.3	%

TOTAL FRANCE					81,090,130		8.7	%

GERMANY — (6.8%)
	Adidas AG		20,625		4,721,730		0.5	%
	Bayer AG		95,267		6,265,649		0.7	%
	Deutsche Boerse AG		28,076		4,352,859		0.5	%
	Deutsche Telekom AG		486,363		7,110,440		0.8	%
	Fresenius Medical Care AG & Co. KGaA		51,411		4,029,106		0.4	%
	Infineon Technologies AG		230,358		4,282,568		0.5	%
	Other Securities				34,986,732		3.6	%

TOTAL GERMANY					65,749,084		7.0	%

HONG KONG — (2.8%)
	Hong Kong Exchanges & Clearing, Ltd.		148,937		4,775,238		0.5	%

INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
HONG KONG — (Continued)
	Other Securities			$	21,661,241		2.3	%

TOTAL HONG KONG					26,436,479		2.8	%

IRELAND — (0.4%)
	Other Securities				4,136,693		0.4	%

ISRAEL — (0.3%)
	Other Securities				3,320,768		0.4	%

ITALY — (1.6%)
	Other Securities				15,793,641		1.7	%

JAPAN — (23.0%)
	Astellas Pharma, Inc.		273,900		4,530,072		0.5	%
	Daikin Industries, Ltd.		37,200		4,773,910		0.5	%
	Hoya Corp.		48,100		4,386,399		0.5	%
	Kao Corp.		72,100		5,560,084		0.6	%
	KDDI Corp.		316,700		9,172,984		1.0	%
	Murata Manufacturing Co., Ltd.		77,700		4,378,159		0.5	%
	NTT DOCOMO, Inc.		209,400		6,171,274		0.7	%
	Recruit Holdings Co., Ltd.		182,900		5,335,410		0.6	%
	SoftBank Group Corp.		210,400		9,018,291		1.0	%
	Sony Corp.		207,600		13,359,906		1.4	%
	Tokyo Electron, Ltd.		21,300		4,536,492		0.5	%
	Other Securities				149,782,959		15.8	%

TOTAL JAPAN					221,005,940		23.6	%

NETHERLANDS — (3.4%)
#	Koninklijke Ahold Delhaize NV		232,175		5,637,287		0.6	%
	Unilever NV 904784709		127,954		6,323,487		0.7	%
#	Wolters Kluwer NV		81,646		6,013,420		0.6	%
	Other Securities				14,621,388		1.6	%

TOTAL NETHERLANDS					32,595,582		3.5	%

NEW ZEALAND — (0.2%)
	Other Securities				2,118,288		0.2	%

NORWAY — (0.6%)
	Other Securities				6,078,049		0.6	%

PORTUGAL — (0.1%)
	Other Security				812,345		0.1	%

SINGAPORE — (0.9%)
	Other Securities				8,615,947		0.9	%

SPAIN — (2.3%)
	Amadeus IT Group SA		93,221		4,449,667		0.5	%
	Telefonica SA		938,160		4,289,722		0.4	%
	Other Securities				13,067,167		1.4	%

TOTAL SPAIN					21,806,556		2.3	%

INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
SWEDEN — (2.3%)
	Other Securities			$	22,397,256		2.4	%

SWITZERLAND — (9.7%)
	Geberit AG		11,413		5,103,926		0.6	%
	Givaudan SA		1,960		6,572,435		0.7	%
	Nestle SA		134,782		14,274,764		1.5	%
	Partners Group Holding AG		5,719		4,506,800		0.5	%
	Roche Holding AG CH0012032048		109,285		37,845,105		4.0	%
	Sika AG		34,004		5,624,573		0.6	%
	Other Securities				19,245,803		2.1	%

TOTAL SWITZERLAND					93,173,406		10.0	%

UNITED KINGDOM — (13.5%)
	AstraZeneca P.L.C		28,081		2,937,048		0.3	%
	AstraZeneca P.L.C., Sponsored ADR		223,751		11,697,702		1.2	%
	Compass Group P.L.C		263,643		4,436,425		0.5	%
#	Diageo P.L.C., Sponsored ADR		75,348		10,447,000		1.1	%
	Experian P.L.C		150,867		4,530,591		0.5	%
	GlaxoSmithKline P.L.C		165,344		3,449,505		0.4	%
#	GlaxoSmithKline P.L.C., Sponsored ADR		286,876		12,068,873		1.3	%
	Imperial Brands P.L.C		295,822		6,223,637		0.7	%
	Rio Tinto P.L.C., Sponsored ADR		102,477		4,733,413		0.5	%
	SSE P.L.C		326,967		5,128,598		0.5	%
#	Unilever P.L.C., Sponsored ADR		145,820		7,563,683		0.8	%
	Other Securities				56,477,682		6.0	%

TOTAL UNITED KINGDOM					129,694,157		13.8	%

UNITED STATES — (0.0%)
	Other Securities				259,540		0.0	%

TOTAL COMMON STOCKS					905,520,318		96.7	%

PREFERRED STOCKS — (0.7%)
GERMANY — (0.7%)
	Volkswagen AG		29,443		4,096,439		0.5	%
	Other Securities				2,800,860		0.3	%

TOTAL GERMANY					6,897,299		0.8	%

TOTAL INVESTMENT SECURITIES (Cost $946,892,097)					912,417,617


				Value†
SECURITIES LENDING COLLATERAL — (5.1%)
@§	The DFA Short Term Investment Fund		4,229,097		48,934,877		5.2	%

TOTAL INVESTMENTS—(100.0%) (Cost $995,818,175)				$	961,352,494		102.7	%

INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO

CONTINUED

As of April 30, 2020, International High Relative Profitability Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^®Emini Index		124		06/19/20	$	18,038,949	$	17,994,880	$	(44,069	)

Total Futures Contracts					$	18,038,949	$	17,994,880	$	(44,069	)

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


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

TOTAL	$	148,369,146		$	812,939,279		—	$	961,308,425

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

See accompanying Notes to Financial Statements.

WORLD EX U.S. VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


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

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $263,331,166)			$	211,905,429

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Affiliated Investment Companies	$	211,905,429		—		—	$	211,905,429

TOTAL	$	211,905,429		—		—	$	211,905,429

See accompanying Notes to Financial Statements.

WORLD EX U.S. CORE EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (94.9%)
AUSTRALIA — (4.1%)
	BHP Group, Ltd.		487,213	$	9,946,113		0.3	%
	CSL, Ltd.		28,867		5,753,980		0.2	%
	Other Securities				115,932,096		3.7	%

TOTAL AUSTRALIA					131,632,189		4.2	%

AUSTRIA — (0.3%)
	Other Securities				11,181,619		0.4	%

BELGIUM — (0.8%)
	Other Securities				26,588,100		0.8	%

BRAZIL — (1.3%)
	Vale SA		628,010		5,180,773		0.2	%
	Other Securities				36,070,564		1.1	%

TOTAL BRAZIL					41,251,337		1.3	%

CANADA — (6.2%)
	Royal Bank of Canada 2754383		120,786		7,430,515		0.3	%
	Royal Bank of Canada 780087102		97,598		6,011,061		0.2	%
	Other Securities				188,341,992		5.9	%

TOTAL CANADA					201,783,568		6.4	%

CHILE — (0.2%)
	Other Securities				6,428,696		0.2	%

CHINA — (8.9%)
*	Alibaba Group Holding, Ltd., Sponsored ADR		37,146		7,528,380		0.3	%
	China Construction Bank Corp., Class H		11,401,000		9,151,162		0.3	%
	China Mobile, Ltd.		1,070,500		8,605,810		0.3	%
	Industrial & Commercial Bank of China, Ltd., Class H		8,084,000		5,420,396		0.2	%
	Ping An Insurance Group Co. of China, Ltd., Class H		878,500		8,939,843		0.3	%
	Tencent Holdings, Ltd.		442,200		23,246,203		0.8	%
	Other Securities				225,109,838		7.0	%

TOTAL CHINA					288,001,632		9.2	%

COLOMBIA — (0.1%)
	Other Securities				1,985,914		0.1	%

CZECH REPUBLIC — (0.0%)
	Other Securities				1,155,478		0.0	%

DENMARK — (1.4%)
	Novo Nordisk A.S., Class B		151,133		9,640,775		0.3	%
	Other Securities				36,273,675		1.2	%

TOTAL DENMARK					45,914,450		1.5	%

EGYPT — (0.0%)
	Other Securities				239,987		0.0	%

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
FINLAND — (1.1%)
	Other Securities			$	36,071,125		1.1	%

FRANCE — (5.3%)
#	Air Liquide SA		40,713		5,172,758		0.2	%
	Cie Generale des Etablissements Michelin SCA		58,543		5,656,485		0.2	%
	LVMH Moet Hennessy Louis Vuitton SE		21,810		8,431,583		0.3	%
	Orange SA		455,998		5,539,935		0.2	%
#	Sanofi		55,205		5,392,078		0.2	%
	Total SA		331,214		11,755,571		0.4	%
	Vinci SA		66,251		5,427,410		0.2	%
	Other Securities				122,649,268		3.7	%

TOTAL FRANCE					170,025,088		5.4	%

GERMANY — (4.6%)
	Allianz SE		29,730		5,471,249		0.2	%
	Bayer AG		149,078		9,804,764		0.3	%
	Daimler AG		180,199		6,163,344		0.2	%
	Deutsche Telekom AG		363,877		5,319,742		0.2	%
	Other Securities				120,866,785		3.8	%

TOTAL GERMANY					147,625,884		4.7	%

GREECE — (0.1%)
	Other Securities				1,685,865		0.1	%

HONG KONG — (2.0%)
	AIA Group, Ltd.		562,200		5,159,740		0.2	%
	Other Securities				59,508,041		1.9	%

TOTAL HONG KONG					64,667,781		2.1	%

HUNGARY — (0.1%)
	Other Securities				2,521,029		0.1	%

INDIA — (2.9%)
	Reliance Industries, Ltd.		306,222		5,945,755		0.2	%
	Other Securities				87,764,898		2.8	%

TOTAL INDIA					93,710,653		3.0	%

INDONESIA — (0.4%)
	Other Securities				14,090,952		0.4	%

IRELAND — (0.6%)
	CRH P.L.C., Sponsored ADR		271,910		8,189,929		0.3	%
	Other Securities				10,883,988		0.3	%

TOTAL IRELAND					19,073,917		0.6	%

ISRAEL — (0.5%)
	Other Securities				17,449,669		0.6	%

ITALY — (1.7%)
	Other Securities				54,849,497		1.7	%

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
JAPAN — (17.3%)
	Honda Motor Co., Ltd.		224,300	$	5,446,936		0.2	%
	NTT DOCOMO, Inc.		181,600		5,351,974		0.2	%
	SoftBank Group Corp.		280,444		12,020,559		0.4	%
	Sony Corp.		104,000		6,692,824		0.2	%
	Toyota Motor Corp.		337,064		20,839,579		0.7	%
	Other Securities				510,637,859		16.1	%

TOTAL JAPAN					560,989,731		17.8	%

MALAYSIA — (0.6%)
	Other Securities				19,667,007		0.6	%

MEXICO — (0.6%)
	Other Securities				18,691,191		0.6	%

NETHERLANDS — (2.2%)
	ASML Holding NV		20,610		5,944,542		0.2	%
#	Koninklijke Ahold Delhaize NV		345,795		8,396,012		0.3	%
	Other Securities				58,075,364		1.8	%

TOTAL NETHERLANDS					72,415,918		2.3	%

NEW ZEALAND — (0.3%)
	Other Securities				10,646,919		0.3	%

NORWAY — (0.5%)
	Other Securities				16,738,423		0.5	%

PERU — (0.0%)
	Other Securities				319,654		0.0	%

PHILIPPINES — (0.3%)
	Other Securities				8,263,309		0.3	%

POLAND — (0.3%)
	Other Securities				8,034,263		0.3	%

PORTUGAL — (0.1%)
	Other Securities				4,730,060		0.2	%

QATAR — (0.0%)
	Other Securities				1,267,487		0.0	%

RUSSIA — (0.3%)
	Other Securities				9,438,384		0.3	%

SAUDI ARABIA — (0.1%)
	Other Securities				2,476,200		0.1	%

SINGAPORE — (0.7%)
	Other Securities				22,466,150		0.7	%

SOUTH AFRICA — (1.4%)
	Other Securities				45,294,936		1.4	%

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
SOUTH KOREA — (3.7%)
	Samsung Electronics Co., Ltd.		661,530	$	27,200,477		0.9	%
	SK Hynix, Inc.		79,671		5,482,763		0.2	%
	Other Securities				87,086,174		2.7	%

TOTAL SOUTH KOREA					119,769,414		3.8	%

SPAIN — (1.5%)
	Iberdrola S.A		547,344		5,444,852		0.2	%
	Other Securities				41,993,892		1.3	%

TOTAL SPAIN					47,438,744		1.5	%

SWEDEN — (1.9%)
	Other Securities				61,416,461		2.0	%

SWITZERLAND — (5.4%)
	Nestle SA		285,492		30,236,463		1.0	%
	Novartis AG		114,537		9,774,410		0.3	%
	Roche Holding AG CH0012032048		58,789		20,358,475		0.7	%
	Other Securities				113,231,988		3.5	%

TOTAL SWITZERLAND					173,601,336		5.5	%

TAIWAN — (4.9%)
	Taiwan Semiconductor Manufacturing Co., Ltd.		1,170,000		11,802,721		0.4	%
	Taiwan Semiconductor Manufacturing Co., Ltd.,
	Sponsored ADR		134,422		7,141,841		0.3	%
	Other Securities				138,389,992		4.3	%

TOTAL TAIWAN					157,334,554		5.0	%

THAILAND — (0.7%)
	Other Securities				23,530,700		0.7	%

TURKEY — (0.2%)
	Other Securities				6,748,233		0.2	%

UNITED ARAB EMIRATES — (0.0%)
	Other Securities				1,132,042		0.0	%

UNITED KINGDOM — (9.2%)
	Anglo American P.L.C		363,018		6,456,293		0.2	%
	AstraZeneca P.L.C., Sponsored ADR		170,655		8,921,843		0.3	%
	BP P.L.C., Sponsored ADR		503,098		11,973,732		0.4	%
	GlaxoSmithKline P.L.C., Sponsored ADR		155,405		6,537,888		0.2	%
#	HSBC Holdings P.L.C., Sponsored ADR		274,328		7,058,459		0.2	%
	Rio Tinto P.L.C., Sponsored ADR		172,914		7,986,898		0.3	%
#	Royal Dutch Shell P.L.C., Sponsored ADR, Class A		161,107		5,337,475		0.2	%
	Royal Dutch Shell P.L.C., Sponsored ADR, Class B		227,403		7,270,074		0.2	%
	Other Securities				235,714,195		7.4	%

TOTAL UNITED KINGDOM					297,256,857		9.4	%

UNITED STATES — (0.1%)
	Other Securities				1,833,017		0.1	%

TOTAL COMMON STOCKS					3,069,435,420		97.5	%

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
PREFERRED STOCKS — (0.7%)
BRAZIL — (0.3%)
	Other Securities			$	9,270,181		0.3	%

CHILE — (0.0%)
	Other Securities				226,584		0.0	%

COLOMBIA — (0.0%)
	Other Securities				292,284		0.0	%

GERMANY — (0.4%)
	Volkswagen AG		43,057		5,990,570		0.2	%
	Other Securities				7,088,936		0.3	%

TOTAL GERMANY					13,079,506		0.5	%

SOUTH KOREA — (0.0%)
	Other Security				1,271		0.0	%

TOTAL PREFERRED STOCKS					22,869,826		0.8	%

RIGHTS/WARRANTS — (0.0%)
CANADA — (0.0%)
	Other Securities				42,746		0.0	%

SWEDEN — (0.0%)
	Other Security				55		0.0	%

FRANCE — (0.0%)
	Other Security				413		0.0	%

TAIWAN — (0.0%)
	Other Securities				4,424		0.0	%

SOUTH KOREA — (0.0%)
	Other Security				1,534		0.0	%

NORWAY — (0.0%)
	Other Security				10,126		0.0	%

ISRAEL — (0.0%)
	Other Security				928		0.0	%

TOTAL RIGHTS/WARRANTS					60,226		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $3,551,670,846)					3,092,365,472


				Value†
SECURITIES LENDING COLLATERAL — (4.4%)
@§	The DFA Short Term Investment Fund		12,376,967		143,213,890		4.5	%

TOTAL INVESTMENTS—(100.0%) (Cost $3,694,851,878)				$	3,235,579,362		102.8	%

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED

As of April 30, 2020, World ex U.S. Core Equity Portfolio had entered into the following outstanding futures contracts:

Unrealized

Number of

Expiration

Notional

Market

Appreciation

Description

Contracts

Date

Value

(Depreciation)

Long Position Contracts:

S&P 500^®Emini Index

240

06/19/20

33,202,977

34,828,800

1,625,823

Total Futures Contracts

33,202,977

34,828,800

1,625,823

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	1,921,403	$	129,710,786		—	$	131,632,189
Austria		—		11,181,619		—		11,181,619
Belgium		530,088		26,058,012		—		26,588,100
Brazil		41,251,337		—		—		41,251,337
Canada		200,778,346		1,005,222		—		201,783,568
Chile		6,428,696		—		—		6,428,696
China		36,837,749		251,163,883		—		288,001,632
Colombia		1,985,914		—		—		1,985,914
Czech Republic		—		1,155,478		—		1,155,478
Denmark		338,436		45,576,014		—		45,914,450
Egypt		111,005		128,982		—		239,987
Finland		—		36,071,125		—		36,071,125
France		854,152		169,170,936		—		170,025,088
Germany		1,739,820		145,886,064		—		147,625,884
Greece		—		1,685,865		—		1,685,865
Hong Kong		79,216		64,588,565		—		64,667,781
Hungary		—		2,521,029		—		2,521,029
India		2,121,424		91,589,229		—		93,710,653
Indonesia		130,140		13,960,812		—		14,090,952
Ireland		8,189,929		10,883,988		—		19,073,917
Israel		2,199,240		15,250,429		—		17,449,669
Italy		229,294		54,620,203		—		54,849,497
Japan		2,419,930		558,569,801		—		560,989,731
Malaysia		—		19,667,007		—		19,667,007
Mexico		18,691,085		106		—		18,691,191
Netherlands		9,691,175		62,724,743		—		72,415,918
New Zealand		—		10,646,919		—		10,646,919
Norway		114,718		16,623,705		—		16,738,423
Peru		319,591		63		—		319,654
Philippines		177,829		8,085,480		—		8,263,309
Poland		—		8,034,263		—		8,034,263
Portugal		—		4,730,060		—		4,730,060
Qatar		—		1,267,487		—		1,267,487
Russia		4,960,710		4,477,674		—		9,438,384
Saudi Arabia		—		2,476,200		—		2,476,200
Singapore		—		22,466,150		—		22,466,150
South Africa		9,220,811		36,074,125		—		45,294,936
South Korea		544,466		119,224,948		—		119,769,414
Spain		410,658		47,028,086		—		47,438,744
Sweden		203,308		61,213,153		—		61,416,461

WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED


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

TOTAL	$	475,996,955	$	2,761,208,230		—	$	3,237,205,185

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

See accompanying Notes to Financial Statements.

WORLD CORE EQUITY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


	Shares		Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc.		20,118,224	$	445,819,848
Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc.		22,996,702		249,744,186
Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc.		5,315,168		91,739,791

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $773,893,842)			$	787,303,825

TEMPORARY CASH INVESTMENTS — (0.0%)
State Street Institutional U.S. Government Money Market Fund, 0.216% (Cost $177,591)		177,591		177,591

TOTAL INVESTMENTS — (100.0%) (Cost $774,071,433)			$	787,481,416

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Affiliated Investment Companies	$	787,303,825		—		—	$	787,303,825
Temporary Cash Investments		177,591		—		—		177,591

TOTAL	$	787,481,416		—		—	$	787,481,416

See accompanying Notes to Financial Statements.

SELECTIVELY HEDGED GLOBAL EQUITY PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


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

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $262,519,689)			$	291,097,450

As of April 30, 2020, Selectively Hedged Global Equity Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying financial statements:


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Foreign Exchange Appreciation (Depreciation)
ILS	213,631	USD	60,358	Bank of America Corp.		05/26/20	$	959
ILS	125,403	USD	34,578	Citibank, N.A.		05/26/20		1,416
USD	754,188	ILS	2,581,750	Goldman Sachs International		05/26/20		13,159
ILS	125,256	USD	34,603	Goldman Sachs International		05/26/20		1,349
ILS	115,957	USD	32,261	UBS AG		05/26/20		1,022
GBP	528,187	USD	660,946	Goldman Sachs International		06/12/20		4,410
USD	26,717,336	EUR	24,597,976	JP Morgan		07/13/20		53,698

Total Appreciation							$	76,013
USD	4,404,218	ILS	7,124,849	Bank of America Corp.		05/26/20	$	(135,418	)
USD	530,046	NOK	5,670,968	Citibank, N.A.		05/26/20		(23,546	)
ILS	243,866	USD	70,112	Goldman Sachs International		05/26/20		(117	)
USD	44,221	NOK	457,280	UBS AG		05/26/20		(418	)
USD	1,475,750	DKK	10,201,782	Citibank, N.A.		06/04/20		(23,314	)
USD	827,363	GBP	662,353	Citibank, N.A.		06/12/20		(7,001	)
USD	10,670,887	GBP	8,483,545	JP Morgan		06/12/20		(15,811	)
USD	1,957,538	SEK	19,575,197	Bank of America Corp.		06/22/20		(49,909	)
USD	19,199,436	JPY	2,058,996,881	JP Morgan		07/15/20		(7,997	)
USD	662,353	SGD	944,072	Australia and New Zealand Banking Group Ltd.		07/21/20		(7,358	)
USD	4,698,140	CAD	6,573,665	Bank of New York Mellon Corp.		07/24/20		(25,441	)

Total (Depreciation)							$	(296,330	)

Total Appreciation (Depreciation)							$	(220,317	)

SELECTIVELY HEDGED GLOBAL EQUITY PORTFOLIO

CONTINUED

As of April 30, 2020, Selectively Hedged Global Equity Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^®Emini Index		26		06/19/20	$	3,393,424	$	3,773,120	$	379,696

Total Futures Contracts					$	3,393,424	$	3,773,120	$	379,696

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2			Level 3		Total
Affiliated Investment Companies	$	291,097,450		—			—	$	291,097,450
Forward Currency Contracts**		—	$	(220,317	)		—		(220,317	)
Futures Contracts**		379,696		—			—		379,696

TOTAL	$	291,477,146	$	(220,317	)		—	$	291,256,829

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

See accompanying Notes to Financial Statements.

EMERGING MARKETS PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


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

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	5,272,327,074

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

See accompanying Notes to Financial Statements.

EMERGING MARKETS SMALL CAP PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


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

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	4,747,312,967

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

See accompanying Notes to Financial Statements.

EMERGING MARKETS VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


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

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	13,239,873,998

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

See accompanying Notes to Financial Statements.

EMERGING MARKETS CORE EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


						Percentage
		Shares		Value»		of Net Assets‡
COMMON STOCKS — (96.8%)
BRAZIL — (4.7%)
	Petroleo Brasileiro SA BRPETRACNOR9		19,448,656	$	66,701,748		0.3	%
	Vale SA		20,424,690		168,493,647		0.8	%
	Other Securities				812,455,095		3.6	%

TOTAL BRAZIL					1,047,650,490		4.7	%

CANADA — (0.0%)
	Other Security				5,871,512		0.0	%

CHILE — (0.9%)
	Other Securities				193,764,453		0.9	%

CHINA — (29.8%)
*	Alibaba Group Holding, Ltd., Sponsored ADR		1,943,544		393,898,062		1.8	%
	Anhui Conch Cement Co., Ltd., Class H		7,186,000		56,664,327		0.3	%
*	Baidu, Inc., Sponsored ADR		630,238		63,609,921		0.3	%
	Bank of China, Ltd., Class H		203,461,702		77,458,428		0.4	%
	China Construction Bank Corp., Class H		328,426,302		263,615,687		1.2	%
	China Merchants Bank Co., Ltd., Class H		19,361,646		91,625,283		0.4	%
	China Mobile, Ltd.		14,262,500		114,657,050		0.5	%
#	China Mobile, Ltd., Sponsored ADR		2,903,118		116,037,626		0.5	%
	China National Building Material Co., Ltd., Class H		42,434,150		53,006,436		0.3	%
	China Overseas Land & Investment, Ltd.		22,770,033		84,111,265		0.4	%
	China Petroleum & Chemical Corp., Class H		147,178,400		73,355,575		0.3	%
	China Resources Land, Ltd.		14,146,610		58,456,668		0.3	%
	China Shenhua Energy Co., Ltd., Class H		30,621,000		54,247,788		0.3	%
	CNOOC, Ltd.		66,903,000		73,969,398		0.3	%
	Country Garden Holdings Co., Ltd.		38,477,649		49,842,996		0.2	%
	Hengan International Group Co., Ltd.		5,586,122		49,677,071		0.2	%
	Industrial & Commercial Bank of China, Ltd., Class H		260,523,725		174,683,535		0.8	%
	NetEase, Inc., ADR		213,660		73,704,154		0.3	%
	PetroChina Co., Ltd., Class H		142,684,000		51,250,878		0.2	%
	Ping An Insurance Group Co. of China, Ltd., Class H		30,207,000		307,394,237		1.4	%
	Sunac China Holdings, Ltd.		15,572,000		69,657,468		0.3	%
#	Tencent Holdings, Ltd.		17,216,900		905,082,661		4.1	%
*	Vipshop Holdings, Ltd., ADR		3,141,441		50,043,155		0.2	%
	Yum China Holdings, Inc.		1,301,003		63,046,605		0.3	%
	Other Securities				3,226,770,763		14.6	%

TOTAL CHINA					6,595,867,037		29.9	%

COLOMBIA — (0.2%)
	Other Securities				46,386,306		0.2	%

CZECH REPUBLIC — (0.1%)
	Other Securities				28,584,574		0.1	%

EGYPT — (0.1%)
	Other Securities				16,483,480		0.1	%

GREECE — (0.3%)
	Other Securities				54,539,492		0.2	%

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED


						Percentage
		Shares		Value»		of Net Assets‡
HONG KONG — (0.0%)
	Other Securities			$	2,871,950		0.0	%

HUNGARY — (0.3%)
	Other Securities				64,237,232		0.3	%

INDIA — (11.2%)
*	Bharti Airtel, Ltd.		8,619,250		58,726,670		0.3	%
	HDFC Bank Ltd.		5,989,118		78,506,215		0.4	%
	Hindustan Unilever, Ltd.		2,343,924		68,178,758		0.3	%
	Housing Development Finance Corp., Ltd.		2,926,564		74,032,639		0.4	%
	Infosys, Ltd.		11,809,081		110,311,585		0.5	%
	Infosys, Ltd., Sponsored ADR		7,138,068		65,884,368		0.3	%
	Reliance Industries, Ltd.		10,291,451		199,823,818		0.9	%
	Tata Consultancy Services, Ltd.		3,610,270		95,814,220		0.5	%
	Other Securities				1,734,642,702		7.7	%

TOTAL INDIA					2,485,920,975		11.3	%

INDONESIA — (2.2%)
	Bank Central Asia Tbk PT		27,776,800		48,114,690		0.2	%
	Bank Rakyat Indonesia Persero Tbk PT		281,291,900		51,163,445		0.3	%
	Other Securities				382,306,861		1.7	%

TOTAL INDONESIA					481,584,996		2.2	%

MALAYSIA — (2.4%)
	Other Securities				532,191,517		2.4	%

MEXICO — (2.3%)
	America Movil S.A.B. de C.V., Sponsored ADR, Class L		4,109,882		49,482,979		0.2	%
	Other Securities				448,220,655		2.1	%

TOTAL MEXICO					497,703,634		2.3	%

PERU — (0.1%)
	Other Securities				26,174,872		0.1	%

PHILIPPINES — (1.0%)
	Other Securities				225,332,138		1.0	%

POLAND — (1.0%)
	Other Securities				213,479,209		1.0	%

QATAR — (0.0%)
	Other Securities				2,461,835		0.0	%

RUSSIA — (1.2%)
	Lukoil PJSC, Sponsored ADR		868,336		56,648,276		0.3	%
	Other Securities				218,370,565		0.9	%

TOTAL RUSSIA					275,018,841		1.2	%

SAUDI ARABIA — (0.2%)
	Other Securities				38,330,207		0.2	%

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
SOUTH AFRICA — (4.5%)
	AngloGold Ashanti, Ltd., Sponsored ADR		2,133,810	$	52,043,626		0.2	%
	FirstRand, Ltd.		23,309,342		50,872,744		0.2	%
	Gold Fields, Ltd., Sponsored ADR		9,705,473		71,238,172		0.3	%
	Naspers, Ltd., Class N		463,620		72,161,708		0.3	%
#	Standard Bank Group, Ltd.		9,354,999		51,618,058		0.2	%
	Other Securities				704,711,952		3.3	%

TOTAL SOUTH AFRICA					1,002,646,260		4.5	%

SOUTH KOREA — (13.6%)
	Samsung Electronics Co., Ltd.		22,844,954		939,327,997		4.3	%
	SK Hynix, Inc.		2,407,473		165,676,393		0.8	%
	Other Securities				1,901,326,587		8.5	%

TOTAL SOUTH KOREA					3,006,330,977		13.6	%

TAIWAN — (17.3%)
	Hon Hai Precision Industry Co., Ltd.		28,840,403		74,118,867		0.4	%
	Taiwan Semiconductor Manufacturing Co., Ltd.		41,439,652		418,034,746		1.9	%
	Taiwan Semiconductor Manufacturing Co., Ltd., Sponsored ADR		8,390,486		445,786,521		2.0	%
	Other Securities				2,897,962,260		13.1	%

TOTAL TAIWAN					3,835,902,394		17.4	%

THAILAND — (2.6%)
	Other Securities				575,635,632		2.6	%

TURKEY — (0.8%)
	Other Securities				167,181,989		0.8	%

UNITED ARAB EMIRATES — (0.0%)
	Other Securities				3,635,768		0.0	%

TOTAL COMMON STOCKS					21,425,787,770		97.0	%

PREFERRED STOCKS — (1.2%)

BRAZIL — (1.2%)
	Itau Unibanco Holding SA		13,245,417		55,462,246		0.3	%
	Petroleo Brasileiro SA BRPETRACNPR6		28,735,931		95,383,062		0.5	%
	Other Securities				105,571,558		0.4	%

TOTAL BRAZIL					256,416,866		1.2	%

CHILE — (0.0%)
	Other Securities				5,576,026		0.0	%

COLOMBIA — (0.0%)
	Other Securities				9,773,477		0.0	%

SOUTH KOREA — (0.0%)
	Other Securities				467,909		0.0	%

TOTAL PREFERRED STOCKS					272,234,278		1.2	%

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
RIGHTS/WARRANTS — (0.0%)
TAIWAN — (0.0%)
	Other Securities			$	95,250		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $22,044,284,778)					21,698,117,298


				Value†
SECURITIES LENDING COLLATERAL — (2.0%)
@§	The DFA Short Term Investment Fund		38,123,229		441,123,888		2.0	%

TOTAL INVESTMENTS—(100.0%) (Cost $22,485,296,596)				$	22,139,241,186		100.2	%

As of April 30, 2020, Emerging Markets Core Equity Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
MSCI Emerging Markets Index		650		06/19/20	$	27,071,489	$	29,441,750	$	2,370,261
S&P 500^®Emini Index		2,211		06/19/20		312,655,993		320,860,320		8,204,327

Total Futures Contracts					$	339,727,482	$	350,302,070	$	10,574,588

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


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

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED


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

TOTAL	$	4,708,727,452	$	17,441,088,322		—	$	22,149,815,774

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

See accompanying Notes to Financial Statements.

EMERGING MARKETS TARGETED VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (98.7%)
BELGIUM — (0.1%)
	Other Security			$	118,284		0.1	%

BRAZIL — (5.5%)
*	BRF SA		94,895		338,372		0.2	%
	Cosan SA		37,681		418,116		0.3	%
	Hypera SA		90,300		482,893		0.4	%
	Petrobras Distribuidora SA		141,572		508,450		0.4	%
	Sul America SA		82,071		675,385		0.5	%
	Ultrapar Participacoes SA		186,070		496,150		0.4	%
	Other Securities				3,766,911		2.6	%

TOTAL BRAZIL					6,686,277		4.8	%

CANADA — (0.1%)
	Other Security				78,114		0.1	%

CHILE — (0.4%)
	Other Securities				480,338		0.3	%

CHINA — (25.6%)
	Beijing Enterprises Holdings, Ltd.		99,500		352,487		0.3	%
	Brilliance China Automotive Holdings, Ltd.		498,000		460,768		0.3	%
	China Communications Services Corp., Ltd., Class H		470,000		335,022		0.3	%
	China Jinmao Holdings Group, Ltd.		788,000		554,800		0.4	%
	China National Building Material Co., Ltd., Class H		820,000		1,024,299		0.7	%
	China Resources Cement Holdings, Ltd.		382,000		519,789		0.4	%
	China Taiping Insurance Holdings Co., Ltd.		254,800		429,592		0.3	%
	CIFI Holdings Group Co., Ltd.		484,129		369,844		0.3	%
	Fosun International, Ltd.		524,500		658,492		0.5	%
	Great Wall Motor Co., Ltd., Class H		519,000		346,981		0.3	%
	Kingboard Holdings, Ltd.		143,500		350,076		0.3	%
	Kunlun Energy Co., Ltd.		726,000		472,986		0.4	%
	KWG Group Holdings, Ltd.		254,000		375,741		0.3	%
#*	Semiconductor Manufacturing International Corp.		515,500		967,563		0.7	%
	Shenzhen International Holdings, Ltd.		186,500		360,450		0.3	%
	Shimao Property Holdings, Ltd.		182,500		741,839		0.5	%
*	SINA Corp.		10,908		368,363		0.3	%
	Sinopharm Group Co., Ltd., Class H		218,800		589,963		0.4	%
	Other Securities				21,880,995		15.4	%

TOTAL CHINA					31,160,050		22.4	%

COLOMBIA — (0.2%)
	Other Securities				194,745		0.1	%

GREECE — (0.3%)
	Other Securities				392,500		0.3	%

HONG KONG — (0.0%)
	Other Securities				19,000		0.0	%

EMERGING MARKETS TARGETED VALUE PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
INDIA — (11.4%)
	Aurobindo Pharma, Ltd.		51,632	$	422,266		0.3	%
	Cipla, Ltd.		54,009		420,617		0.3	%
	Dr Reddy’s Laboratories, Ltd.		7,033		363,800		0.3	%
	Grasim Industries, Ltd.		62,073		414,494		0.3	%
	Hindalco Industries, Ltd.		206,621		349,921		0.3	%
	UPL, Ltd.		75,705		411,897		0.3	%
	Zee Entertainment Enterprises, Ltd.		163,180		342,538		0.3	%
	Other Securities				11,133,738		7.9	%

TOTAL INDIA					13,859,271		10.0	%

INDONESIA — (1.5%)
	Other Securities				1,829,525		1.3	%

MALAYSIA — (2.7%)
	Genting Malaysia Bhd		626,800		344,531		0.3	%
	Other Securities				2,948,628		2.1	%

TOTAL MALAYSIA					3,293,159		2.4	%

MEXICO — (2.3%)
	Cemex S.A.B. de C.V		3,034,480		642,125		0.5	%
	Grupo Televisa S.A.B		416,261		440,942		0.3	%
	Other Securities				1,700,690		1.2	%

TOTAL MEXICO					2,783,757		2.0	%

PHILIPPINES — (1.1%)
	Other Securities				1,310,933		0.9	%

POLAND — (1.1%)
	Other Securities				1,281,448		0.9	%

QATAR — (0.2%)
	Other Securities				224,817		0.2	%

RUSSIA — (1.2%)
	Other Securities				1,493,213		1.1	%

SAUDI ARABIA — (0.1%)
	Other Securities				122,637		0.1	%

SOUTH AFRICA — (4.0%)
*	Sibanye Stillwater, Ltd.		270,052		550,142		0.4	%
	Other Securities				4,268,501		3.1	%

TOTAL SOUTH AFRICA					4,818,643		3.5	%

SOUTH KOREA — (13.7%)
	Samsung Securities Co., Ltd.		14,514		359,633		0.3	%
	Other Securities				16,315,336		11.7	%

TOTAL SOUTH KOREA					16,674,969		12.0	%

TAIWAN — (22.8%)
	AU Optronics Corp.		2,215,000		582,502		0.4	%
	Compal Electronics, Inc.		1,071,000		682,756		0.5	%

EMERGING MARKETS TARGETED VALUE PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
TAIWAN — (Continued)
	Foxconn Technology Co., Ltd.		236,000	$	453,142		0.3	%
	Innolux Corp.		2,111,000		458,518		0.3	%
	Inventec Corp.		597,000		469,077		0.3	%
	Lite-On Technology Corp.		500,000		776,975		0.6	%
	Pou Chen Corp.		566,000		532,999		0.4	%
	Synnex Technology International Corp.		317,000		423,066		0.3	%
	Taiwan Business Bank		1,111,600		402,676		0.3	%
	Teco Electric and Machinery Co., Ltd.		430,000		386,938		0.3	%
	Unimicron Technology Corp.		304,000		430,562		0.3	%
	Winbond Electronics Corp.		764,000		354,516		0.3	%
	Wistron Corp.		675,000		632,976		0.5	%
	Other Securities				21,146,232		15.1	%

TOTAL TAIWAN					27,732,935		19.9	%

THAILAND — (3.4%)
	Other Securities				4,109,436		3.0	%

TURKEY — (1.0%)
	Other Securities				1,253,376		0.9	%

UNITED ARAB EMIRATES — (0.0%)
	Other Security				30,492		0.0	%

TOTAL COMMON STOCKS					119,947,919		86.3	%

PREFERRED STOCKS — (0.9%)

BRAZIL — (0.9%)
	Gerdau SA		158,000		341,110		0.3	%
	Other Securities				683,810		0.4	%

TOTAL BRAZIL					1,024,920		0.7	%

COLOMBIA — (0.0%)
	Other Security				52,629		0.0	%

TOTAL PREFERRED STOCKS					1,077,549		0.7	%

RIGHTS/WARRANTS — (0.0%)

TAIWAN — (0.0%)
	Other Securities				872		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $140,670,308)					121,026,340


				Value†
SECURITIES LENDING COLLATERAL — (0.4%)
@§	The DFA Short Term Investment Fund		43,307		501,100		0.4	%

TOTAL INVESTMENTS—(100.0%) (Cost $141,171,223)				$	121,527,440		87.4	%

EMERGING MARKETS TARGETED VALUE PORTFOLIO

CONTINUED

As of April 30, 2020, Emerging Markets Targeted Value Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^®Emini Index		119		06/19/20	$	17,547,170	$	17,269,280	$	(277,890	)

Total Futures Contracts					$	17,547,170	$	17,269,280	$	(277,890	)

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


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

TOTAL	$	18,732,782		$	102,516,768		—	$	121,249,550

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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


	Large Cap International Portfolio*			International Core Equity Portfolio*			Global Small Company Portfolio			International Small Company Portfolio
ASSETS:
Investments in Affiliated Investment Companies at Value		—			—		$	38,563		$	9,806,410
Investment Securities at Value (including $284,331, $1,603,562, $0 and $0 of securities on loan, respectively)	$	4,642,612		$	23,097,100			—			—
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $255,104, $1,338,338, $0 and $0, respectively)		255,153			1,338,595			—			—
Segregated Cash for Futures Contracts		6,960			31,188			—			7,200
Foreign Currencies at Value		38,532			201,747			—			—
Cash		49,119			123,752			28			81,128
Receivables:
Investment Securities Sold		6,332			78,832			—			—
Dividends, Interest and Tax Reclaims		22,781			124,247			—			—
Securities Lending Income		326			2,785			—			—
Fund Shares Sold		3,554			33,760			94			12,740
Futures Margin Variation		—			—			—			1,888
Unrealized Gain on Foreign Currency Contracts		11			48			—			—
Prepaid Expenses and Other Assets		42			213			14			90

Total Assets		5,025,422			25,032,267			38,699			9,909,456

LIABILITIES:
Payables:
Upon Return of Securities Loaned		255,169			1,338,602			—			—
Investment Securities Purchased		166			1,681			—			—
Fund Shares Redeemed		11,642			60,112			331			10,769
Due to Advisor		671			4,991			1			2,902
Futures Margin Variation		1,120			6,363			—			—
Unrealized Loss on Foreign Currency Contracts		—			123			—			—
Accrued Expenses and Other Liabilities		523			2,558			17			675

Total Liabilities		269,291			1,414,430			349			14,346

NET ASSETS	$	4,756,131		$	23,617,837		$	38,350		$	9,895,110

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $4,756,131; $23,617,837; $38,350 and $9,895,110 and shares outstanding of 248,221,815, 2,174,698,944, 4,267,144 and 673,642,306, respectively	$	19.16		$	10.86		$	8.99		$	14.69

NUMBER OF SHARES AUTHORIZED		1,500,000,000			7,000,000,000			100,000,000			3,000,000,000

Investments in Affiliated Investment Companies at Cost	$	—		$	—		$	45,187			N/A

Investment Securities at Cost	$	4,585,827		$	25,542,308			N/A			N/A

Foreign Currencies at Cost	$	37,530		$	198,617		$	—		$	—

NET ASSETS CONSIST OF:
Paid-In Capital	$	5,005,828		$	26,867,826		$	44,843		$	11,396,770
Total Distributable Earnings (Loss)		(249,697	)		(3,249,989	)		(6,493	)		(1,501,660	)

NET ASSETS	$	4,756,131		$	23,617,837		$	38,350		$	9,895,110

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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


	Japanese Small Company Portfolio			Asia Pacific Small Company Portfolio			United Kingdom Small Company Portfolio			Continental Small Company Portfolio
ASSETS:
Investments in Affiliated Investment Companies at Value	$	503,309		$	296,611		$	17,937		$	480,072
Receivables:
Fund Shares Sold		19			—			—			39
Prepaid Expenses and Other Assets		14			12			11			20

Total Assets		503,342			296,623			17,948			480,131

LIABILITIES:
Payables:
Fund Shares Redeemed		4			12			—			85
Due to Advisor		143			80			2			136
Accrued Expenses and Other Liabilities		36			27			22			35

Total Liabilities		183			119			24			256

NET ASSETS	$	503,159		$	296,504		$	17,924		$	479,875

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $503,159; $296,504; $17,924 and $479,875 and shares outstanding of 24,443,668, 17,960,262, 902,832 and 23,079,255, respectively	$	20.58		$	16.51		$	19.85		$	20.79

NUMBER OF SHARES AUTHORIZED		1,000,000,000			1,000,000,000			1,000,000,000			1,000,000,000

NET ASSETS CONSIST OF:
Paid-In Capital	$	519,970		$	395,283		$	21,582		$	554,752
Total Distributable Earnings (Loss)		(16,811	)		(98,779	)		(3,658	)		(74,877	)

NET ASSETS	$	503,159		$	296,504		$	17,924		$	479,875

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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


	DFA International Real Estate Securities Portfolio*			DFA Global Real Estate Securities Portfolio*			DFA International Small Cap Value Portfolio*			International Vector Equity Portfolio*
ASSETS:
Investments in Affiliated Investment Companies at Value		—		$	3,299,142			—			—
Investment Securities at Value (including $203,445, $80,978, $505,309 and $218,861 of securities on loan, respectively)	$	4,487,247			3,840,573		$	9,616,737		$	2,590,815
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $192,302, $83,636, $448,769 and $182,571, respectively)		192,347			83,654			448,846			182,605
Segregated Cash for Futures Contracts		6,816			—			10,068			—
Foreign Currencies at Value		18,673			—			135,387			1,410
Cash		60,162			4,612			25,299			34
Receivables:
Investment Securities Sold		18,354			—			15,054			15,755
Dividends, Interest and Tax Reclaims		29,709			2,387			77,732			15,707
Securities Lending Income		745			62			1,309			396
Fund Shares Sold		19,816			8,809			11,103			5,200
Futures Margin Variation		—			—			1,701			—
Unrealized Gain on Foreign Currency Contracts		—			—			—			13
Prepaid Expenses and Other Assets		33			82			77			68

Total Assets		4,833,902			7,239,321			10,343,313			2,812,003

LIABILITIES:
Payables:
Upon Return of Securities Loaned		192,377			83,695			448,800			182,584
Investment Securities Purchased		11,261			—			5,283			205
Fund Shares Redeemed		5,429			10,468			64,804			5,415
Due to Advisor		863			660			4,546			868
Line of Credit		—			—			—			9,590
Futures Margin Variation		1,096			—			—			—
Unrealized Loss on Foreign Currency Contracts		5			—			33			113
Accrued Expenses and Other Liabilities		522			238			1,582			314

Total Liabilities		211,553			95,061			525,048			199,089

NET ASSETS	$	4,622,349		$	7,144,260		$	9,818,265		$	2,612,914

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $4,622,349; $7,144,260; $9,818,265 and $2,612,914 and shares outstanding of 1,294,105,989, 765,476,057, 687,813,669 and 279,000,014, respectively	$	3.57		$	9.33		$	14.27		$	9.37

NUMBER OF SHARES AUTHORIZED		4,000,000,000			3,000,000,000			4,600,000,000			1,500,000,000

Investments in Affiliated Investment Companies at Cost	$	—		$	3,784,479		$	—		$	—

Investment Securities at Cost	$	5,276,486		$	3,855,618		$	11,681,955		$	2,815,308

Foreign Currencies at Cost	$	18,497		$	—		$	133,894		$	1,398

NET ASSETS CONSIST OF:
Paid-In Capital	$	6,730,774		$	7,646,769		$	12,244,553		$	2,898,751
Total Distributable Earnings (Loss)		(2,108,425	)		(502,509	)		(2,426,288	)		(285,837	)

NET ASSETS	$	4,622,349		$	7,144,260		$	9,818,265		$	2,612,914

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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


	International High Relative Profitability Portfolio*			World ex U.S. Value Portfolio			World ex U.S. Core Equity Portfolio*
ASSETS:
Investments in Affiliated Investment Companies at Value		—		$	211,905			—
Investment Securities at Value (including $71,434, $0 and $188,772 of securities on loan, respectively)	$	912,417			—		$	3,092,365
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $48,926, $0 and $143,181, respectively)		48,935			—			143,214
Segregated Cash for Futures Contracts		1,488			—			2,880
Foreign Currencies at Value		349			—			30,139
Cash		42,223			101			4,696
Receivables:
Investment Securities Sold		—			—			7,589
Dividends, Interest and Tax Reclaims		2,741			—			13,442
Securities Lending Income		37			—			333
Fund Shares Sold		5,453			2			4,133
Futures Margin Variation		1,036			—			—
Unrealized Gain on Foreign Currency Contracts		19			—			7
Prepaid Expenses and Other Assets		63			14			87

Total Assets		1,014,761			212,022			3,298,885

LIABILITIES:
Payables:
Upon Return of Securities Loaned		48,931			—			143,218
Investment Securities Purchased		24,139			—			181
Fund Shares Redeemed		4,967			992			6,398
Due to Advisor		167			74			719
Futures Margin Variation		—			—			463
Unrealized Loss on Foreign Currency Contracts		24			—			—
Accrued Expenses and Other Liabilities		79			19			530

Total Liabilities		78,307			1,085			151,509

NET ASSETS	$	936,454		$	210,937		$	3,147,376

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $936,454; $210,937 and $3,147,376 and shares outstanding of 98,442,538, 25,092,791 and 340,288,542, respectively	$	9.51		$	8.41		$	9.25

NUMBER OF SHARES AUTHORIZED		500,000,000			1,000,000,000			1,500,000,000

Investments in Affiliated Investment Companies at Cost	$	—		$	263,331		$	—

Investment Securities at Cost	$	946,892			N/A		$	3,551,671

Foreign Currencies at Cost	$	346		$	—		$	29,994

NET ASSETS CONSIST OF:
Paid-In Capital	$	979,094		$	270,021		$	3,655,735
Total Distributable Earnings (Loss)		(42,640	)		(59,084	)		(508,359	)

NET ASSETS	$	936,454		$	210,937		$	3,147,376

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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


	World Core Equity Portfolio		Selectively Hedged Global Equity Portfolio		Emerging Markets Portfolio		Emerging Markets Small Cap Portfolio
ASSETS:
Investments in Affiliated Investment Companies at Value	$	787,303	$	291,097	$	5,272,327	$	4,747,313
Temporary Cash Investments at Value & Cost		178		—		—		—
Segregated Cash for Futures Contracts		—		312		—		—
Cash		—		3,108		—		—
Receivables:
Investment Securities/Affiliated Investment Companies Sold		—		780		—		—
Fund Shares Sold		111		590		6,518		2,384
Unrealized Gain on Forward Currency Contracts		—		76		—		—
Prepaid Expenses and Other Assets		22		15		68		43

Total Assets		787,614		295,978		5,278,913		4,749,740

LIABILITIES:
Payables:
Fund Shares Redeemed		1,337		436		9,015		48,678
Due to Advisor		36		8		1,108		1,491
Futures Margin Variation		—		50		—		—
Unrealized Loss on Forward Currency Contracts		—		296		—		—
Accrued Expenses and Other Liabilities		34		32		255		273

Total Liabilities		1,407		822		10,378		50,442

NET ASSETS	$	786,207	$	295,156	$	5,268,535	$	4,699,298

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $786,207; $295,156; $5,268,535 and $4,699,298 and shares outstanding of 54,825,612, 20,778,194, 224,565,042 and 289,035,916, respectively	$	14.34	$	14.21	$	23.46	$	16.23

NUMBER OF SHARES AUTHORIZED		1,000,000,000		1,000,000,000		1,500,000,000		1,500,000,000

Investments in Affiliated Investment Companies at Cost	$	773,894	$	262,520		N/A		N/A

NET ASSETS CONSIST OF:
Paid-In Capital	$	785,058	$	268,792	$	4,564,056	$	5,826,999
Total Distributable Earnings (Loss)		1,149		26,364		704,479		(1,127,701	)

NET ASSETS	$	786,207	$	295,156	$	5,268,535	$	4,699,298

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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


	Emerging Markets Value Portfolio			Emerging Markets Core Equity Portfolio*			Emerging Markets Targeted Value Portfolio*
ASSETS:
Investments in Affiliated Investment Companies at Value	$	13,239,874			—			—
Investment Securities at Value (including $0, $977,158 and $2,132 of securities on loan, respectively)		—		$	21,698,117		$	121,026
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $0, $441,012 and $501, respectively)		—			441,124			501
Segregated Cash for Futures Contracts		—			30,107			1,428
Foreign Currencies at Value		—			174,998			1,320
Cash		—			187,632			29,153
Receivables:
Investment Securities/Affiliated Investment Companies Sold		—			48,366			1,837
Dividends and Interest		—			33,075			112
Securities Lending Income		—			2,600			6
Fund Shares Sold		10,817			29,869			440
Unrealized Gain on Foreign Currency Contracts		—			6			—
Prepaid Expenses and Other Assets		73			180			29

Total Assets		13,250,764			22,646,074			155,852

LIABILITIES:
Payables:
Upon Return of Securities Loaned		—			441,098			501
Investment Securities/Affiliated Investment Companies Purchased		—			21,472			12,331
Fund Shares Redeemed		105,906			71,448			2,104
Due to Advisor		3,636			7,273			58
Futures Margin Variation		—			9,563			1,744
Accrued Expenses and Other Liabilities		871			5,058			88

Total Liabilities		110,413			555,912			16,826

NET ASSETS	$	13,140,351		$	22,090,162		$	139,026

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Class R2 Shares — based on net assets of $22,686; $0 and $0 and shares outstanding of 1,045,798, 0 and 0, respectively	$	21.69			N/A			N/A

NUMBER OF SHARES AUTHORIZED		200,000,000			N/A			N/A

Institutional Class Shares — based on net assets of $13,117,665; $22,090,162 and $139,026 and shares outstanding of 600,341,371, 1,279,862,718 and 17,116,788, respectively	$	21.85		$	17.26		$	8.12

NUMBER OF SHARES AUTHORIZED		3,000,000,000			5,000,000,000			500,000,000

Investment Securities at Cost		N/A		$	22,044,285		$	140,670

Foreign Currencies at Cost	$	—		$	174,382		$	1,320

NET ASSETS CONSIST OF:
Paid-In Capital	$	17,133,978		$	24,770,164		$	160,593
Total Distributable Earnings (Loss)		(3,993,627	)		(2,680,002	)		(21,567	)

NET ASSETS	$	13,140,351		$	22,090,162		$	139,026

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	Large Cap International Portfolio^#			International Core Equity Portfolio^#			Global Small Company Portfolio*			International Small Company Portfolio*
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies Dividends (Net of Foreign Taxes Withheld of $0, $0, $18 and $11,776, respectively)		—			—		$	183		$	127,623
Income from Securities Lending		—			—			23			11,114
Expenses Allocated from Affiliated Investment Companies		—			—			(14	)		(6,934	)

Income Distributions Received from Affiliated Investment Companies		—			—			127			—

Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		—			—			319			131,803

Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $6,699, $33,756, $0 and $0, respectively)	$	63,909		$	340,489			—			—
Income from Securities Lending		1,281			14,026			—			—

Total Fund Investment Income.		65,190			354,515			—			—

Fund Expenses
Investment Management Fees		4,977			37,256			87			23,434
Accounting & Transfer Agent Fees		446			2,583			10			793
Custodian Fees		164			945			1			2
Filing Fees		92			513			12			87
Shareholders’ Reports		103			374			4			262
Directors’/Trustees’ Fees & Expenses		13			76			—			32
Professional Fees		42			241			—			19
Other		50			308			1			(47	)

Total Fund Expenses		5,887			42,296			115			24,582

Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		—			438			(72	)		—
Fees Paid Indirectly (Note C)		(159	)		(346	)		—			—

Net Expenses		5,728			42,388			43			24,582

Net Investment Income (Loss)		59,462			312,127			276			107,221

Realized and Unrealized Gain (Loss)
Capital Gain Distributions Received from Investment Securities		—			—			535			—
Net Realized Gain (Loss) on:
Investment Securities Sold**		(203,690	)		(313,749	)		—			—
Affiliated Investment Companies Shares Sold		(85	)		(212	)		(267	)		—
Transactions Allocated from Affiliated Investment Company**		—			—			(330	)		(102,924	)
Futures		3,794			9,948			18			(2,459	)
Foreign Currency Transactions		1,086			(1,295	)		—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(752,951	)		(5,291,197	)		4,792			—
Affiliated Investment Companies Shares		35			123			(8,886	)		—
Transactions Allocated from Affiliated Investment Company		—			—			(2,547	)		(2,092,848	)
Futures		4,261			29,134			—			3,510
Translation of Foreign Currency-Denominated Amounts		53			128			—			—

Net Realized and Unrealized Gain (Loss)		(947,497	)		(5,567,120	)		(6,685	)		(2,194,721	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(888,035	)	$	(5,254,993	)	$	(6,409	)	$	(2,087,500	)

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

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	Japanese Small Company Portfolio*			Asia Pacific Small Company Portfolio*			United Kingdom Small Company Portfolio*			Continental Small Company Portfolio*
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies
Dividends (Net of Foreign Taxes Withheld of $826, $82, $2 and $617, respectively)	$	7,443		$	3,951		$	344		$	3,827
Income from Securities Lending		437			452			4			702
Expenses Allocated from Affiliated Investment Companies		(324	)		(187	)		(13	)		(360	)

Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		7,556			4,216			335			4,169

Fund Expenses
Investment Management Fees		1,336			739			56			1,500
Accounting & Transfer Agent Fees		56			37			8			68
Filing Fees		12			10			9			18
Shareholders’ Reports		7			5			4			8
Directors’/Trustees’ Fees & Expenses		2			1			—			2
Professional Fees		—			—			2			1
Other		(2	)		(1	)		—			(2	)

Total Fund Expenses		1,411			791			79			1,595

Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		(272	)		(150	)		(26	)		(305	)

Net Expenses		1,139			641			53			1,290

Net Investment Income (Loss)		6,417			3,575			282			2,879

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Transactions Allocated from Affiliated Investment Company**		3,391			(3,037	)		120			(4,648	)
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		(81,269	)		(54,661	)		(5,019	)		(118,454	)

Net Realized and Unrealized Gain (Loss)		(77,878	)		(57,698	)		(4,899	)		(123,102	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(71,461	)	$	(54,123	)	$	(4,617	)	$	(120,223	)

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	DFA International Real Estate Securities Portfolio^#			DFA Global Real Estate Securities Portfolio^#			DFA International Small Cap Value Portfolio^#			International Vector Equity Portfolio^#
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies
Income Distributions Received from Affiliated Investment Companies		—		$	393,415			—			—

Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		—			393,415			—			—

Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $15,032, $0, $13,557 and $3,508, respectively)	$	112,992			84,245		$	169,898		$	34,136
Income from Securities Lending		2,280			392			8,450			1,772

Total Fund Investment Income		115,272			84,637			178,348			35,908

Fund Expenses
Investment Management Fees		6,922			8,439			38,487			5,736
Accounting & Transfer Agent Fees		365			569			1,118			279
Custodian Fees		212			16			577			152
Filing Fees		35			118			125			62
Shareholders’ Reports		80			213			259			59
Directors’/Trustees’ Fees & Expenses		15			22			34			7
Professional Fees		50			24			110			24
Other		29			(20	)		159			39

Total Fund Expenses		7,708			9,381			40,869			6,358

Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		—			(4,317	)		—			—
Fees Paid Indirectly (Note C)		(255	)		—			(670	)		(74	)

Net Expenses		7,453			5,064			40,199			6,284

Net Investment Income (Loss)		107,819			472,988			138,149			29,624

Realized and Unrealized Gain (Loss)
Capital Gain Distributions Received from Investment Securities		—			1,750			—			—
Net Realized Gain (Loss) on:
Investment Securities Sold**		(29,028	)		64			(274,629	)		(27,155	)
Affiliated Investment Companies Shares Sold		(48	)		28,715			(8	)		(13	)
Futures		(8,521	)		—			6,266			(11,375	)
Foreign Currency Transactions		(1,191	)		—			(1,171	)		5
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(1,805,520	)		(907,120	)		(2,553,137	)		(468,464	)
Affiliated Investment Companies Shares		28			(1,582,969	)		(3	)		21
Futures		18,327			—			6,261			—
Translation of Foreign Currency-Denominated Amounts		825			—			(840	)		31

Net Realized and Unrealized Gain (Loss)		(1,825,128	)		(2,459,560	)		(2,817,261	)		(506,950	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(1,717,309	)	$	(1,986,572	)	$	(2,679,112	)	$	(477,326	)

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	International High Relative Profitability Portfolio^#			World ex U.S. Value Portfolio*			World ex U.S. Core Equity Portfolio^#
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies
Dividends (Net of Foreign Taxes Withheld of $0, $363 and $0, respectively)		—		$	3,210			—
Income from Securities Lending		—			59			—
Expenses Allocated from Affiliated Investment Companies		—			(228	)		—

Income Distributions Received from Affiliated Investment Companies		—			394			—

Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		—			3,435			—

Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $906, $0 and $4,234, respectively)	$	8,542			—		$	39,928
Income from Securities Lending		138			—			1,611

Total Fund Investment Income		8,680			—			41,539

Fund Expenses
Investment Management Fees		903			617			5,524
Accounting & Transfer Agent Fees		82			17			344
Custodian Fees		43			—			332
Filing Fees		84			17			98
Shareholders’ Reports		16			6			69
Directors’/Trustees’ Fees & Expenses		2			1			9
Professional Fees		4			2			44
Other		4			1			45

Total Fund Expenses		1,138			661			6,465

Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		25			(178	)		—
Fees Paid Indirectly (Note C)		(45	)		—			(52	)

Net Expenses		1,118			483			6,413

Net Investment Income (Loss)		7,562			2,952			35,126

Realized and Unrealized Gain (Loss)
Capital Gain Distributions Received from Investment Securities		—			440			—
Net Realized Gain (Loss) on:
Investment Securities Sold**		(976	)		—			(34,085	)
Affiliated Investment Companies Shares Sold		(4	)		(985	)		(26	)
Transactions Allocated from Affiliated Investment Company**		—			(6,089	)		—
Futures		1,920			99			7,383
Foreign Currency Transactions		16			—			130
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(69,700	)		(196	)		(639,509	)
Affiliated Investment Companies Shares		7			(5,416	)		21
Transactions Allocated from Affiliated Investment Company		—			(56,877	)		—
Futures		(44	)		—			1,626
Translation of Foreign Currency-Denominated Amounts		18			—			(50	)

Net Realized and Unrealized Gain (Loss)		(68,763	)		(69,024	)		(664,510	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(61,201	)	$	(66,072	)	$	(629,384	)

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

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	World Core Equity Portfolio			Selectively Hedged Global Equity Portfolio			Emerging Markets Portfolio*			Emerging Markets Small Cap Portfolio*
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies
Dividends (Net of Foreign Taxes Withheld of $0, $0, $7,025 and $5,494, respectively)		—		$	34		$	51,534		$	49,420
Interest		—			—			52			87
Income from Securities Lending		—			—			1,860			14,438
Expenses Allocated from Affiliated Investment Companies		—			—			(3,763	)		(7,356	)

Income Distributions Received from Affiliated Investment Companies	$	7,416			2,907			—			—

Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		7,416			2,941			49,683			56,589

Fund Expenses
Investment Management Fees		1,235			517			11,429			18,839
Accounting & Transfer Agent Fees		63			42			281			355
Custodian Fees		—			2			—			—
Filing Fees		29			14			40			35
Shareholders’ Reports		9			9			120			100
Directors’/Trustees’ Fees & Expenses		2			1			15			16
Professional Fees		2			1			6			7
Other		—			(1	)		(27	)		(25	)

Total Fund Expenses		1,340			585			11,864			19,327

Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		(1,090	)		(394	)		(2,823	)		(5,924	)

Net Expenses		250			191			9,041			13,403

Net Investment Income (Loss)		7,166			2,750			40,642			43,186

Realized and Unrealized Gain (Loss)
Capital Gain Distributions Received from Affiliated Investment Companies		8,146			4,098			—			—
Net Realized Gain (Loss) on:
Affiliated Investment Companies Shares Sold		(8,872	)		(3,752	)		—			—
Transactions Allocated from Affiliated Investment Company**		—			—			(45,938	)		(263,958	)
Futures		(122	)		(474	)		—			—
Forward Currency Contracts		—			1,631			—			—
Change in Unrealized Appreciation (Depreciation) of:
Affiliated Investment Companies Shares		(106,653	)		(49,454	)		—			—
Transactions Allocated from Affiliated Investment Company		—			—			(788,098	)		(898,914	)
Futures		—			328			—			—
Forward Currency Contracts		—			264			—			—

Net Realized and Unrealized Gain (Loss)		(107,501	)		(47,359	)		(834,036	)		(1,162,872	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(100,335	)	$	(44,609	)	$	(793,394	)	$	(1,119,686	)

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	Emerging Markets Value Portfolio*			Emerging Markets Core Equity Portfolio^#			Emerging Markets Targeted Value Portfolio^#
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies
Dividends (Net of Foreign Taxes Withheld of $22,419, $0 and $0, respectively)	$	157,570			—			—
Interest		132			—			—
Income from Securities Lending		5,068			—			—
Expenses Allocated from Affiliated Investment Companies		(11,089	)		—			—

Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		151,681			—			—

Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $0, $32,988 and $120, respectively)		—		$	246,435		$	1,032
Income from Securities Lending		—			18,489			26

Total Fund Investment Income		—			264,924			1,058

Fund Expenses
Investment Management Fees		38,341			61,137			391
Accounting & Transfer Agent Fees		630			2,222			19
Custodian Fees		—			3,995			34
Shareholder Servicing Fees
Class R2 Shares		33			—			—
Filing Fees		152			340			31
Shareholders’ Reports		193			440			13
Directors’/Trustees’ Fees & Expenses		43			71			—
Professional Fees		26			266			6
Organizational & Offering Costs		—			—			3
Other		(64	)		311			2

Total Fund Expenses		39,354			68,782			499

Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		—			—			(14	)
Class R2 Shares		(13	)		—			—
Institutional Class Shares		(7,880	)		—			—
Fees Paid Indirectly (Note C)		—			(880	)		(5	)

Net Expenses		31,461			67,902			480

Net Investment Income (Loss)		120,220			197,022			578

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		—			(1,216,431	)		(1,381	)
Affiliated Investment Companies Shares Sold		—			(12	)		—
Transactions Allocated from Affiliated Investment Company**		(471,449	)		—			—
Futures		—			14,395			(258	)
Foreign Currency Transactions		—			(20,406	)		(42	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		—			(3,563,614	)		(19,423	)
Affiliated Investment Companies Shares		—			20			—
Transactions Allocated from Affiliated Investment Company		(2,891,267	)		—			—
Futures		—			5,813			(278	)
Translation of Foreign Currency-Denominated Amounts		—			(2,601	)		1

Net Realized and Unrealized Gain (Loss)		(3,362,716	)		(4,782,836	)		(21,381	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(3,242,496	)	$	(4,585,814	)	$	(20,803	)

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

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	Large Cap International Portfolio						International Core Equity Portfolio						Global Small Company Portfolio***
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	59,462		$	161,397		$	312,127		$	913,682		$	276		$	596
Capital Gain Distributions Received from Investment Securities		—			—			—			—			535			587
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(203,690	)		(116,656	)		(313,749	)		(348,700	)		—			—
Affiliated Investment Companies Shares Sold		(85	)		(11	)		(212	)		(2	)		(267	)		(342	)
Transactions Allocated from Affiliated Investment Company,*		—			—			—			—			(330	)		(416	)
Futures		3,794			815			9,948			12,437			18			7
Foreign Currency Transactions		1,086			(892	)		(1,295	)		(5,912	)		—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(752,951	)		461,700			(5,291,197	)		1,567,492			4,792			(357	)
Affiliated Investment Companies Shares		35			25			123			111			(8,886	)		271
Transactions Allocated from Affiliated Investment Company		—			—			—			—			(2,547	)		1,280
Futures		4,261			3,123			29,134			13,424			—			—
Translation of Foreign Currency-Denominated Amounts		53			193			128			1,383			—			—

Net Increase (Decrease) in Net Assets Resulting from Operations		(888,035	)		509,694			(5,254,993	)		2,153,915			(6,409	)		1,626

Distributions:
Institutional Class Shares		(55,668	)		(155,698	)		(293,468	)		(907,539	)		(627	)		(308	)
Capital Share Transactions (1):
Shares Issued		1,549,157			1,454,715			5,635,900			8,662,646			11,186			16,512
Shares Issued in Lieu of Cash Distributions		51,090			138,823			280,485			864,811			627			308
Shares Redeemed		(1,256,888	)		(1,178,465	)		(7,309,514	)		(7,388,995	)		(7,713	)		(8,232	)

Net Increase (Decrease) from Capital Share Transactions		343,359			415,073			(1,393,129	)		2,138,462			4,100			8,588

Total Increase (Decrease) in Net Assets		(600,344	)		769,069			(6,941,590	)		3,384,838			(2,936	)		9,906
Net Assets
Beginning of Period		5,356,475			4,587,406			30,559,427			27,174,589			41,286			31,380

End of Period	$	4,756,131		$	5,356,475		$	23,617,837		$	30,559,427		$	38,350		$	41,286

(1) Shares Issued and Redeemed:
Shares Issued		76,295			68,558			508,411			693,417			1,268			1,564
Shares Issued in Lieu of Cash Distributions		2,427			6,394			21,687			68,976			54			31
Shares Redeemed		(65,676	)		(55,298	)		(672,632	)		(593,959	)		(783	)		(793	)

Net Increase (Decrease) from Shares Issued and Redeemed		13,046			19,654			(142,534	)		168,434			539			802

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

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	International Small Company Portfolio***						Japanese Small Company Portfolio***						Asia Pacific Small Company Portfolio***
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	107,221		$	300,037		$	6,417		$	11,135		$	3,575		$	12,680
Net Realized Gain (Loss) on:
Transactions Allocated from Affiliated Investment Company,*		(102,924	)		313,315			3,391			10,446			(3,037	)		5,261
Futures		(2,459	)		(626	)		—			—			—			—
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		(2,092,848	)		135,389			(81,269	)		2,052			(54,661	)		(501	)
Futures		3,510			7,881			—			—			—			—

Net Increase (Decrease) in Net Assets Resulting from Operations		(2,087,500	)		755,996			(71,461	)		23,633			(54,123	)		17,440

Distributions:
Institutional Class Shares		(479,962	)		(857,472	)		(23,244	)		(39,387	)		(14,178	)		(11,260	)
Capital Share Transactions (1):
Shares Issued		1,814,302			2,921,274			54,105			72,402			50,169			38,624
Shares Issued in Lieu of Cash Distributions		462,717			824,335			23,242			36,290			14,174			10,374
Shares Redeemed		(2,564,557	)		(3,550,227	)		(119,551	)		(75,520	)		(40,187	)		(60,864	)

Net Increase (Decrease) from Capital Share Transactions		(287,538	)		195,382			(42,204	)		33,172			24,156			(11,866	)

Total Increase (Decrease) in Net Assets		(2,855,000	)		93,906			(136,909	)		17,418			(44,145	)		(5,686	)
Net Assets
Beginning of Period		12,750,110			12,656,204			640,068			622,650			340,649			346,335

End of Period	$	9,895,110		$	12,750,110		$	503,159		$	640,068		$	296,504		$	340,649

(1) Shares Issued and Redeemed:
Shares Issued		120,670			170,065			2,829			3,098			3,208			1,859
Shares Issued in Lieu of Cash Distributions		24,771			51,059			928			1,637			681			522
Shares Redeemed		(172,075	)		(206,414	)		(5,027	)		(3,248	)		(2,064	)		(2,869	)

Net Increase (Decrease) from Shares Issued and Redeemed		(26,634	)		14,710			(1,270	)		1,487			1,825			(488	)

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

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	United Kingdom Small Company Portfolio***						Continental Small Company Portfolio***						DFA International Real Estate Securities Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	282		$	866		$	2,879		$	14,356		$	107,819		$	228,481
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		—			—			—			—			(29,028	)		(121,318	)
Affiliated Investment Companies Shares Sold		—			—			—			—			(48	)		(4	)
Transactions Allocated from Affiliated Investment Company,*		120			1,418			(4,648	)		(1,860	)		—			—
Futures		—			—			—			—			(8,521	)		1,553
Foreign Currency Transactions		—			—			—			—			(1,191	)		221
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		—			—			—			—			(1,805,520	)		1,036,222
Affiliated Investment Companies Shares		—			—			—			—			28			16
Transactions Allocated from Affiliated Investment Company		(5,019	)		(372	)		(118,454	)		38,034			—			—
Futures		—			—			—			—			18,327			1,373
Translation of Foreign Currency-Denominated Amounts		—			—			—			—			825			136

Net Increase (Decrease) in Net Assets Resulting from Operations		(4,617	)		1,912			(120,223	)		50,530			(1,717,309	)		1,146,680

Distributions:
Institutional Class Shares		(2,447	)		(1,977	)		(3,213	)		(33,215	)		(717,271	)		(302,662	)
Capital Share Transactions (1):
Shares Issued		3,084			2,122			70,908			117,898			859,999			913,489
Shares Issued in Lieu of Cash Distributions		2,447			1,763			3,202			31,461			707,587			297,390
Shares Redeemed		(7,083	)		(13,631	)		(127,904	)		(155,220	)		(808,620	)		(1,199,441	)

Net Increase (Decrease) from Capital Share Transactions		(1,552	)		(9,746	)		(53,794	)		(5,861	)		758,966			11,438

Total Increase (Decrease) in Net Assets		(8,616	)		(9,811	)		(177,230	)		11,454			(1,675,614	)		855,456
Net Assets
Beginning of Period		26,540			36,351			657,105			645,651			6,297,963			5,442,507

End of Period	$	17,924		$	26,540		$	479,875		$	657,105		$	4,622,349		$	6,297,963

(1) Shares Issued and Redeemed:
Shares Issued		133			82			2,828			5,188			215,854			182,042
Shares Issued in Lieu of Cash Distributions		88			75			122			1,395			144,701			64,510
Shares Redeemed		(271	)		(553	)		(6,320	)		(6,632	)		(189,780	)		(245,929	)

Net Increase (Decrease) from Shares Issued and Redeemed		(50	)		(396	)		(3,370	)		(49	)		170,775			623

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

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	DFA Global Real Estate Securities Portfolio						DFA International Small Cap Value Portfolio						International Vector Equity Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	472,988		$	243,121		$	138,149		$	325,454		$	29,624		$	72,736
Capital Gain Distributions Received from Investment Securities		1,750			—			—			—			—			—
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		64			73,513			(274,629	)		238,307			(27,155	)		(25,195	)
Affiliated Investment Companies Shares Sold		28,715			37,097			(8	)		—			(13	)		—
Futures		—			(135	)		6,266			1,976			(11,375	)		(2,728	)
Foreign Currency Transactions		—			—			(1,171	)		(1,093	)		5			(429	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(907,120	)		795,754			(2,553,137	)		(233,259	)		(468,464	)		93,366
Affiliated Investment Companies Shares		(1,582,969	)		641,678			(3	)		70			21			12
Futures		—			—			6,261			4,434			—			—
Translation of Foreign Currency-Denominated Amounts		—			—			(840	)		1,343			31			106

Net Increase (Decrease) in Net Assets Resulting from Operations		(1,986,572	)		1,791,028			(2,679,112	)		337,232			(477,326	)		137,868

Distributions:
Institutional Class Shares		(599,021	)		(351,905	)		(391,528	)		(776,069	)		(22,150	)		(147,900	)
Capital Share Transactions (1):
Shares Issued		1,453,050			1,973,793			1,897,334			3,086,382			1,467,441			1,111,287
Shares Issued in Lieu of Cash Distributions		567,176			335,724			351,119			699,165			21,040			140,703
Shares Redeemed		(1,559,384	)		(1,955,553	)		(2,787,632	)		(3,706,321	)		(954,225	)		(1,105,041	)

Net Increase (Decrease) from Capital Share Transactions		460,842			353,964			(539,179	)		79,226			534,256			146,949

Total Increase (Decrease) in Net Assets		(2,124,751	)		1,793,087			(3,609,819	)		(359,611	)		34,780			136,917
Net Assets
Beginning of Period		9,269,011			7,475,924			13,428,084			13,787,695			2,578,134			2,441,217

End of Period	$	7,144,260		$	9,269,011		$	9,818,265		$	13,428,084		$	2,612,914		$	2,578,134

(1) Shares Issued and Redeemed:
Shares Issued		142,846			173,132			131,706			174,997			161,837			101,269
Shares Issued in Lieu of Cash Distributions		49,884			32,690			18,212			41,425			1,731			13,131
Shares Redeemed		(156,742	)		(174,212	)		(184,811	)		(210,444	)		(106,472	)		(100,463	)

Net Increase (Decrease) from Shares Issued and Redeemed		35,988			31,610			(34,893	)		5,978			57,096			13,937

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	International High Relative Profitability Portfolio						World ex U.S. Value Portfolio***
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	7,562		$	11,989		$	2,952		$	8,768
Capital Gain Distributions Received from Investment Securities		—			—			440			766
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(976	)		(10,724	)		—			—
Affiliated Investment Companies Shares Sold		(4	)		—			(985	)		(802	)
Transactions Allocated from Affiliated Investment Company,*		—			—			(6,089	)		(1,780	)
Futures		1,920			155			99			(109	)
Foreign Currency Transactions		16			(32	)		—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(69,700	)		58,944			(196	)		384
Affiliated Investment Companies Shares		7			2			(5,416	)		95
Transactions Allocated from Affiliated Investment Company		—			—			(56,877	)		4,725
Futures		(44	)		—			—			—
Translation of Foreign Currency-Denominated Amounts		18			6			—			—

Net Increase (Decrease) in Net Assets Resulting from Operations		(61,201	)		60,340			(66,072	)		12,047

Distributions:
Institutional Class Shares		(5,618	)		(11,023	)		(2,762	)		(13,716	)
Capital Share Transactions (1):
Shares Issued		466,760			416,587			38,947			110,720
Shares Issued in Lieu of Cash Distributions		5,616			11,018			2,759			13,703
Shares Redeemed		(127,551	)		(85,342	)		(64,304	)		(61,053	)

Net Increase (Decrease) from Capital Share Transactions		344,825			342,263			(22,598	)		63,370

Total Increase (Decrease) in Net Assets		278,006			391,580			(91,432	)		61,701
Net Assets
Beginning of Period		658,448			266,868			302,369			240,668

End of Period	$	936,454		$	658,448		$	210,937		$	302,369

(1) Shares Issued and Redeemed:
Shares Issued		50,008			41,376			4,642			10,308
Shares Issued in Lieu of Cash Distributions		580			1,078			249			1,293
Shares Redeemed		(13,470	)		(8,617	)		(7,364	)		(5,597	)

Net Increase (Decrease) from Shares Issued and Redeemed		37,118			33,837			(2,473	)		6,004

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

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	World ex U.S. Core Equity Portfolio						World Core Equity Portfolio						Selectively Hedged Global Equity Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	35,126		$	103,743		$	7,166		$	18,204		$	2,750		$	9,052
Capital Gain Distributions Received from Investment Securities		—			—			8,146			2,509			4,098			1,971
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(34,085	)		(27,918	)		—			—			—			—
Affiliated Investment Companies Shares Sold		(26	)		—			(8,872	)		(5,618	)		(3,752	)		(4,770	)
Futures		7,383			(1,060	)		(122	)		(62	)		(474	)		(1,126	)
Foreign Currency Transactions		130			(4,961	)		—			—			—			—
Forward Currency Contracts		—			—			—			—			1,631			4,438
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(639,509	)		222,436			—			—			—			—
Affiliated Investment Companies Shares		21			10			(106,653	)		67,131			(49,454	)		27,375
Futures		1,626			—			—			—			328			1,674
Translation of Foreign Currency-Denominated Amounts		(50	)		116			—			—			—			—
Forward Currency Contracts		—			—			—			—			264			(2,086	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(629,384	)		292,366			(100,335	)		82,164			(44,609	)		36,528

Distributions:
Institutional Class Shares		(32,315	)		(116,666	)		(8,691	)		(23,511	)		(9,635	)		(16,864	)
Capital Share Transactions (1):
Shares Issued		1,031,029			1,271,493			136,857			192,373			51,080			78,038
Shares Issued in Lieu of Cash Distributions		31,740			113,738			(129,502	)		23,302			9,598			16,808
Shares Redeemed		(973,007	)		(971,409	)		8,325			(136,287	)		(87,110	)		(141,873	)

Net Increase (Decrease) from Capital Share Transactions		89,762			413,822			15,680			79,388			(26,432	)		(47,027	)

Total Increase (Decrease) in Net Assets		(571,937	)		589,522			(93,346	)		138,041			(80,676	)		(27,363	)
Net Assets
Beginning of Period		3,719,313			3,129,791			879,553			741,512			375,832			403,195

End of Period	$	3,147,376		$	3,719,313		$	786,207		$	879,553		$	295,156		$	375,832

(1) Shares Issued and Redeemed:
Shares Issued		111,400			119,518			9,788			12,674			3,459			5,128
Shares Issued in Lieu of Cash Distributions		3,088			10,760			530			1,534			564			1,185
Shares Redeemed		(107,310	)		(91,013	)		(9,047	)		(8,795	)		(5,965	)		(9,256	)

Net Increase (Decrease) from Shares Issued and Redeemed		7,178			39,265			1,271			5,413			(1,942	)		(2,943	)

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	Emerging Markets Portfolio***						Emerging Markets Small Cap Portfolio***						Emerging Markets Value Portfolio***
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	40,642		$	156,390		$	43,186		$	161,559		$	120,220		$	442,266
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		—			(1	)		—			—			—			—
Transactions Allocated from Affiliated Investment Company,*		(45,938	)		(72,191	)		(263,958	)		57,552			(471,449	)		(172,477	)
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		(788,098	)		516,007			(898,914	)		568,138			(2,891,267	)		477,901

Net Increase (Decrease) in Net Assets Resulting from Operations		(793,394	)		600,205			(1,119,686	)		787,249			(3,242,496	)		747,690

Distributions:
Class R2 Shares		—			—			—			—			(281	)		(687	)
Institutional Class Shares		(41,053	)		(145,647	)		(129,134	)		(327,074	)		(179,323	)		(458,693	)

Total Distributions		(41,053	)		(145,647	)		(129,133	)		(327,074	)		(179,604	)		(459,380	)

Capital Share Transactions (1):
Shares Issued		1,327,868			1,392,119			555,662			1,086,305			2,037,120			3,101,990
Shares Issued in Lieu of Cash Distributions		37,989			131,384			122,001			306,500			172,027			437,294
Shares Redeemed		(1,231,193	)		(1,403,931	)		(1,153,405	)		(1,733,527	)		(2,837,778	)		(3,093,072	)

Net Increase (Decrease) from Capital Share Transactions		134,664			119,572			(475,742	)		(340,722	)		(628,631	)		446,212

Total Increase (Decrease) in Net Assets		(699,783	)		574,130			(1,724,561	)		119,453			(4,050,731	)		734,522
Net Assets
Beginning of Period		5,968,318			5,394,188			6,423,859			6,304,406			17,191,082			16,456,560

End of Period	$	5,268,535		$	5,968,318		$	4,699,298		$	6,423,859		$	13,140,351		$	17,191,082

(1) Shares Issued and Redeemed:
Shares Issued		57,211			51,928			32,147			54,991			89,698			111,222
Shares Issued in Lieu of Cash Distributions		1,396			4,954			5,983			16,347			6,058			16,392
Shares Redeemed		(50,631	)		(52,162	)		(69,184	)		(88,031	)		(123,142	)		(112,571	)

Net Increase (Decrease) from Shares Issued and Redeemed		7,976			4,720			(31,054	)		(16,693	)		(27,386	)		15,043

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

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	Emerging Markets Core Equity Portfolio						Emerging Markets Targeted Value Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Period Nov 14, 2018 to Oct 31, 2019
	(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	197,022		$	723,412		$	578		$	2,379
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(1,216,431	)		(319,383	)		(1,381	)		1,412
Affiliated Investment Companies Shares Sold		(12	)		(3	)		—			—
Futures		14,395			14,341			(258	)		35
Foreign Currency Transactions		(20,406	)		(779	)		(42	)		(33	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(3,563,614	)		2,502,146			(19,423	)		(221	)
Affiliated Investment Companies Shares		20			58			—			—
Futures		5,813			13,038			(278	)		—
Translation of Foreign Currency-Denominated Amounts		(2,601	)		433			1			1

Net Increase (Decrease) in Net Assets Resulting from Operations		(4,585,814	)		2,933,263			(20,803	)		3,573

Distributions:
Institutional Class Shares		(211,030	)		(730,829	)		(3,875	)		(64	)
Capital Share Transactions (1):
Shares Issued		4,033,512			6,077,361			93,171			128,579
Shares Issued in Lieu of Cash Distributions		199,618			690,137			3,875			64
Shares Redeemed		(5,968,734	)		(5,720,081	)		(47,702	)		(17,792	)

Net Increase (Decrease) from Capital Share Transactions		(1,735,604	)		1,047,417			49,344			110,851

Total Increase (Decrease) in Net Assets		(6,532,448	)		3,249,851			24,666			114,360
Net Assets
Beginning of Period		28,622,610			25,372,759			114,360			—

End of Period	$	22,090,162		$	28,622,610		$	139,026		$	114,360

(1) Shares Issued and Redeemed:
Shares Issued		220,313			303,000			11,415			12,691
Shares Issued in Lieu of Cash Distributions		10,178			34,717			366			6
Shares Redeemed		(340,676	)		(286,918	)		(5,632	)		(1,729	)

Net Increase (Decrease) from Shares Issued and Redeemed		(110,185	)		50,799			6,149			10,968

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	Large Cap International Portfolio																		International Core Equity Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	22.78		$	21.29		$	23.52		$	19.52		$	20.36		$	21.59		$	13.19		$	12.65		$	14.23		$	11.58		$	11.69		$	12.15

Income from Investment Operations (A)
Net Investment Income (Loss)		0.25			0.70			0.66			0.58			0.57			0.58			0.14			0.41			0.38			0.34			0.32			0.32
Net Gains (Losses) on Securities (Realized and Unrealized)		(3.63	)		1.47			(2.25	)		4.00			(0.86	)		(1.24	)		(2.34	)		0.53			(1.60	)		2.63			(0.15	)		(0.45	)

Total from Investment Operations		(3.38	)		2.17			(1.59	)		4.58			(0.29	)		(0.66	)		(2.20	)		0.94			(1.22	)		2.97			0.17			(0.13	)

Less Distributions:
Net Investment Income		(0.24	)		(0.68	)		(0.64	)		(0.58	)		(0.55	)		(0.57	)		(0.13	)		(0.40	)		(0.36	)		(0.32	)		(0.28	)		(0.33	)

Total Distributions		(0.24	)		(0.68	)		(0.64	)		(0.58	)		(0.55	)		(0.57	)		(0.13	)		(0.40	)		(0.36	)		(0.32	)		(0.28	)		(0.33	)

Net Asset Value, End of Period	$	19.16		$	22.78		$	21.29		$	23.52		$	19.52		$	20.36		$	10.86		$	13.19		$	12.65		$	14.23		$	11.58		$	11.69

Total Return		(14.95	%)(B)		10.38	%		(6.97	%)		23.79	%		(1.30	%)		(3.10	%)		(16.85	%)(B)		7.67	%		(8.79	%)		26.02	%		1.62	%		(1.10	%)

Net Assets, End of Period (thousands)	$	4,756,131		$	5,356,475		$	4,587,406		$	4,723,090		$	3,527,775		$	3,150,334		$	23,617,837		$	30,559,427		$	27,174,589		$	25,443,968		$	16,983,011		$	14,420,568
Ratio of Expenses to Average Net Assets		0.22	%(C)		0.23	%		0.23	%		0.25	%		0.28	%		0.29	%		0.30	%(C)		0.29	%		0.30	%		0.30	%		0.38	%		0.38	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))		0.23	%(C)		0.24	%		0.23	%		0.25	%		0.28	%		0.29	%		0.30	%(C)		0.31	%		0.30	%		0.32	%		0.38	%		0.38	%
Ratio of Net Investment Income to Average Net Assets		2.32	%(C)		3.22	%		2.78	%		2.72	%		2.95	%		2.71	%		2.19	%(C)		3.21	%		2.67	%		2.62	%		2.83	%		2.63	%
Portfolio Turnover Rate		7	%(B)		7	%		8	%		10	%		10	%		10	%		2	%(B)		6	%		4	%		6	%		2	%		4	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	Global Small Company Portfolio												International Small Company Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Period Jan 18, 2017 to Oct 31, 2017			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)												(Unaudited)
Net Asset Value, Beginning of Period	$	11.07		$	10.73		$	11.53		$	10.00		$	18.21		$	18.46		$	21.52		$	17.78		$	17.78		$	18.24

Income from Investment Operations (A)
Net Investment Income (Loss)		0.07			0.18			0.19			0.14			0.15			0.43			0.46			0.41			0.43			0.41
Net Gains (Losses) on Securities (Realized and Unrealized)		(1.98	)		0.27			(0.75	)		1.39			(2.98	)		0.58			(2.41	)		4.13			0.48			0.12

Total from Investment Operations		(1.91	)		0.45			(0.56	)		1.53			(2.83	)		1.01			(1.95	)		4.54			0.91			0.53

Less Distributions:
Net Investment Income		(0.17	)		(0.11	)		(0.17	)		—			(0.29	)		(0.44	)		(0.44	)		(0.34	)		(0.51	)		(0.42	)
Net Realized Gains		—			—			(0.07	)		—			(0.40	)		(0.82	)		(0.67	)		(0.46	)		(0.40	)		(0.57	)

Total Distributions		(0.17	)		(0.11	)		(0.24	)		—			(0.69	)		(1.26	)		(1.11	)		(0.80	)		(0.91	)		(0.99	)

Net Asset Value, End of Period	$	8.99		$	11.07		$	10.73		$	11.53		$	14.69		$	18.21		$	18.46		$	21.52		$	17.78		$	17.78

Total Return		(17.59	%)(B)		4.29	%		(5.02	%)		15.30	%(B)		(16.35	%)(B)		6.44	%		(9.54	%)		26.54	%		5.43	%		3.30	%

Net Assets, End of Period (thousands)	$	38,350		$	41,286		$	31,380		$	15,021		$	9,895,110		$	12,750,110		$	12,656,204		$	13,490,290		$	10,387,361		$	9,323,492
Ratio of Expenses to Average Net Assets *(D)		0.48	%(C)		0.49	%		0.49	%		0.42	%(C)(E)		0.53	%(C)		0.54	%		0.53	%		0.53	%		0.53	%		0.54	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor) *(D)		0.85	%(C)		0.93	%		0.90	%		1.14	%(C)(E)		0.53	%(C)		0.54	%		0.53	%		0.53	%		0.53	%		0.54	%
Ratio of Net Investment Income to Average Net Assets		1.40	%(C)		1.69	%		1.58	%		1.74	%(C)(E)		1.80	%(C)		2.44	%		2.18	%		2.14	%		2.47	%		2.30	%

* The Ratio of Expenses to Average Net Assets is inclusive of acquired fund fees and expenses incurred by the Portfolio indirectly as a result of Portfolio’s investment in Underlying Funds as follows:		0.19	%(C)		0.27	%		0.26	%		0.27	%		0.12	%(C)		0.12	%		0.12	%		0.12	%		0.13	%		0.12	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	Japanese Small Company Portfolio																		Asia Pacific Small Company Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	24.89		$	25.70		$	28.56		$	23.01		$	20.46		$	19.15		$	21.11		$	20.83		$	23.71		$	21.27		$	19.06		$	22.88

Income from Investment Operations (A)
Net Investment Income (Loss)		0.27			0.45			0.43			0.37			0.32			0.25			0.23			0.77			0.84			0.74			0.71			0.75
Net Gains (Losses) on Securities (Realized and Unrealized)		(3.59	)		0.37			(2.59	)		5.61			2.51			1.36			(3.87	)		0.19			(2.76	)		2.45			2.24			(3.51	)

Total from Investment Operations		(3.32	)		0.82			(2.16	)		5.98			2.83			1.61			(3.64	)		0.96			(1.92	)		3.19			2.95			(2.76	)

Less Distributions:
Net Investment Income		(0.61	)		(0.28	)		(0.70	)		(0.43	)		(0.28	)		(0.30	)		(0.96	)		(0.68	)		(0.96	)		(0.75	)		(0.74	)		(106	)
Net Realized Gains		(0.38	)		(1.35	)		—			—			—			—			—			—			—			—			—			—

Total Distributions		(0.99	)		(1.63	)		(0.70	)		(0.43	)		(0.28	)		(0.30	)		(0.96	)		(0.68	)		(0.96	)		(0.75	)		(0.74	)		(106	)

Net Asset Value, End of Period	$	20.58		$	24.89		$	25.70		$	28.56		$	23.01		$	20.46		$	16.51		$	21.11		$	20.83		$	23.71		$	21.27		$	19.06

Total Return		(14.05	%)(B)		4.01	%		(7.82	%)		26.56	%		14.04	%		8.62	%		(18.17	%)(B)		4.81	%		(8.51	%)		15.70	%		16.18	%		(12.19	%)

Net Assets, End of Period (thousands)	$	503,159		$	640,068		$	622,650		$	647,978		$	509,413		$	463,997		$	296,504		$	340,649		$	346,335		$	332,153		$	251,575		$	200,270
Ratio of Expenses to Average Net Assets (D)		0.54	%(C)		0.55	%		0.53	%		0.54	%		0.54	%		0.54	%		0.55	%(C)		0.57	%		0.54	%		0.54	%		0.54	%		0.55	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor) (D)		0.64	%(C)		0.65	%		0.63	%		0.64	%		0.64	%		0.57	%		0.65	%(C)		0.67	%		0.64	%		0.64	%		0.64	%		0.57	%
Ratio of Net Investment Income to Average Net Assets		2.36	%(C)		1.91	%		1.49	%		1.50	%		1.57	%		1.27	%		2.38	%(C)		3.65	%		3.57	%		3.41	%		3.57	%		3.67	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	United Kingdom Small Company Portfolio																		Continental Small Company Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	27.85		$	26.95		$	32.67		$	27.21		$	35.50		$	35.92		$	24.84		$	24.37		$	28.24		$	21.48		$	20.74		$	19.34

Income from Investment Operations (A)
Net Investment Income (Loss)		0.31			0.76			0.85			0.87			1.18			1.06			0.11			0.55			0.61			0.45			0.43			0.43
Net Gains (Losses) on Securities (Realized and Unrealized)		(5.38	)		1.68			(3.65	)		6.67			(6.55	)		1.95			(4.03	)		1.23			(3.68	)		6.73			0.72			1.38

Total from Investment Operations		(5.07	)		2.44			(2.80	)		7.54			(5.37	)		3.01			(3.92	)		1.78			(3.07	)		7.18			1.15			1.81

Less Distributions:
Net Investment Income		(0.68	)		(0.47	)		(0.79	)		(0.93	)		(1.29	)		(1.05	)		(0.13	)		(0.51	)		(0.59	)		(0.42	)		(0.41	)		(0.41	)
Net Realized Gains		(2.25	)		(1.07	)		(2.13	)		(1.15	)		(1.63	)		(2.38	)		—			(0.80	)		(0.21	)		—			—			—

Total Distributions		(2.93	)		(1.54	)		(2.92	)		(2.08	)		(2.92	)		(3.43	)		(0.13	)		(1.31	)		(0.80	)		(0.42	)		(0.41	)		(0.41	)

Net Asset Value, End of Period	$	19.85		$	27.85		$	26.95		$	32.67		$	27.21		$	35.50		$	20.79		$	24.84		$	24.37		$	28.24		$	21.48		$	20.74

Total Return		(21.22	%)(B)		10.14	%		(9.34	%)		29.28	%		(16.20	%)		9.43	%		(15.90	%)(B)		7.94	%		(11.14	%)		33.68	%		5.70	%		9.37	%

Net Assets, End of Period (thousands)	$	17,924		$	26,540		$	36,351		$	45,177		$	32,323		$	35,637		$	479,875		$	657,105		$	645,651		$	592,347		$	292,117		$	278,024
Ratio of Expenses to Average Net Assets (D)		0.58	%(C)		0.59	%		0.58	%		0.59	%		0.59	%		0.58	%		0.54	%(C)		0.56	%		0.54	%		0.56	%		0.54	%		0.55	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor) (D)		0.81	%(C)		0.82	%		0.68	%		0.71	%		0.71	%		0.62	%		0.64	%(C)		0.66	%		0.64	%		0.66	%		0.64	%		0.58	%
Ratio of Net Investment Income to Average Net Assets		2.49	%(C)		2.92	%		2.75	%		2.93	%		3.87	%		2.99	%		0.94	%(C)		2.30	%		2.16	%		1.78	%		2.08	%		2.09	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	DFA International Real Estate Securities Portfolio																		DFA Global Real Estate Securities Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	5.61		$	4.85		$	5.07		$	5.23		$	5.27		$	5.63		$	12.71		$	10.71		$	10.90		$	10.84		$	10.59		$	10.63

Income from Investment Operations (A)
Net Investment Income (Loss)		0.09			0.20			0.22			0.21			0.20			0.19			0.62			0.34	**		0.48			0.43			0.27			0.44
Net Gains (Losses) on Securities (Realized and Unrealized)		(1.49	)		0.83			(0.22	)		0.04			(0.15	)		(0.22	)		(3.18	)		2.16	**		(0.26	)		0.15			0.23			(0.09	)

Total from Investment Operations		(1.40	)		1.03			—			0.25			0.05			(0.03	)		(2.56	)		2.50			0.22			0.58			0.50			0.35

Less Distributions:
Net Investment Income		(0.64	)		(0.27	)		(0.22	)		(0.41	)		(0.09	)		(0.33	)		(0.70	)		(0.50	)		(0.34	)		(0.49	)		(0.25	)		(0.39	)
Net Realized Gains		—			—			—			—			—			—			(0.12	)		(—	)		(0.07	)		(0.03	)		—			—

Total Distributions		(0.64	)		(0.27	)		(0.22	)		(0.41	)		(0.09	)		(0.33	)		(0.82	)		(0.50	)		(0.41	)		(0.52	)		(0.25	)		(0.39	)

Net Asset Value, End of Period	$	3.57		$	5.61		$	4.85		$	5.07		$	5.23		$	5.27		$	9.33		$	12.71		$	10.71		$	10.90		$	10.84		$	10.59

Total Return		(28.01	%)(B)		22.54	%		(0.24	%)		5.46	%		1.05	%		(0.37	%)		(21.30	%)(B)		24.55	%		1.91	%		5.82	%		4.87	%		3.44	%

Net Assets, End of Period (thousands)	$	4,622,349		$	6,297,963		$	5,442,507		$	5,497,753		$	4,181,623		$	3,540,092		$	7,144,260		$	9,269,011		$	7,475,924		$	6,753,782		$	4,888,955		$	4,059,916
Ratio of Expenses to Average Net Assets *		0.27	%(C)		0.27	%		0.28	%		0.28	%		0.28	%		0.32	%		0.24	%(C)		0.24	%(F)		0.24	%(F)		0.24	%(F)		0.24	%(F)		0.27	%(F)
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly)) *		0.28	%(C)		0.28	%		0.28	%		0.28	%		0.28	%		0.32	%		0.34	%(C)		0.35	%(F)		0.35	%(F)		0.37	%(F)		0.38	%(F)		0.45	%(F)
Ratio of Net Investment Income to Average Net Assets		3.85	%(C)		4.01	%		4.27	%		4.19	%		3.71	%		3.64	%		11.21	%(C)		2.95	%**		4.42	%		4.03	%		2.45	%		4.16	%
Portfolio Turnover Rate		6	%(B)		8	%		5	%		1	%		1	%		2	%		0	%(B)		0	%		3	%		2	%		2	%		1	%

* The Ratio of Expenses to Average Net Assets is inclusive of acquired fund fees and expenses incurred by the Portfolio indirectly as a result of Portfolio’s investment in Underlying Funds as follows:		N/A			N/A			N/A			N/A			N/A			N/A			0.12	%(C)		0.13	%		0.13	%		0.15	%		0.16	%		0.22	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	DFA International Small Cap Value Portfolio																		International Vector Equity Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	18.58		$	19.24		$	23.51		$	19.31		$	19.44		$	19.55		$	11.62		$	11.74		$	13.33		$	10.78		$	10.76		$	11.26

Income from Investment Operations (A)
Net Investment Income (Loss)		0.19			0.45			0.47			0.39			0.44			0.38			0.12			0.33			0.32			0.28			0.28			0.28
Net Gains (Losses) on Securities (Realized and Unrealized)		(3.95	)		(0.01	)		(3.44	)		4.72			0.29			0.22			(2.27	)		0.24			(1.56	)		2.57			0.05			(0.41	)

Total from Investment Operations		(3.76	)		0.44			(2.97	)		5.11			0.73			0.60			(2.15	)		0.57			(1.24	)		2.85			0.33			(0.13	)

Less Distributions:
Net Investment Income		(0.26	)		(0.48	)		(0.56	)		(0.29	)		(0.58	)		(0.37	)		(0.10	)		(0.34	)		(0.30	)		(0.28	)		(0.27	)		(0.27	)
Net Realized Gains		(0.29	)		(0.62	)		(0.74	)		(0.62	)		(0.28	)		(0.34	)		—			(0.35	)		(0.05	)		(0.02	)		(0.04	)		(0.10	)

Total Distributions		(0.55	)		(1.10	)		(1.30	)		(0.91	)		(0.86	)		(0.71	)		(0.10	)		(0.69	)		(0.35	)		(0.30	)		(0.31	)		(0.37	)

Net Asset Value, End of Period	$	14.27		$	18.58		$	19.24		$	23.51		$	19.31		$	19.44		$	9.37		$	11.62		$	11.74		$	13.33		$	10.78		$	10.76

Total Return		(21.00	%)(B)		2.94	%		(13.37	%)		27.49	%		4.09	%		3.31	%		(18.70	%)(B)		5.49	%		(9.52	%)		26.83	%		3.21	%		(1.14	%)

Net Assets, End of Period (thousands)	$	9,818,265		$	13,428,084		$	13,787,695		$	16,162,471		$	13,009,729		$	12,577,575		$	2,612,914		$	2,578,134		$	2,441,217		$	2,529,852		$	1,856,474		$	1,594,914
Ratio of Expenses to Average Net Assets		0.66	%(C)		0.68	%		0.68	%		0.68	%		0.68	%		0.69	%		0.48	%(C)		0.50	%		0.48	%		0.49	%		0.49	%		0.50	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))		0.68	%(C)		0.69	%		0.68	%		0.68	%		0.68	%		0.69	%		0.49	%(C)		0.50	%		0.48	%		0.49	%		0.49	%		0.50	%
Ratio of Net Investment Income to Average Net Assets		2.28	%(C)		2.48	%		2.10	%		1.85	%		2.38	%		1.94	%		2.27	%(C)		2.94	%		2.40	%		2.36	%		2.73	%		2.50	%
Portfolio Turnover Rate		6	%(B)		18	%		23	%		21	%		19	%		18	%		9	%(B)		17	%		12	%		5	%		4	%		8	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	International High Relative Profitability Portfolio												World Ex U.S. Value Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Period May 16, 2017 to Oct 31, 2017			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)												(Unaudited)
Net Asset Value, Beginning of Period	$	10.74		$	9.71		$	10.68		$	10.00		$	10.97		$	11.16		$	12.71		$	10.31		$	10.28		$	11.43

Income from Investment Operations (A)
Net Investment Income (Loss)		0.11			0.27			0.26			0.08			0.11			0.35			0.34			0.31			0.31			0.30
Net Gains (Losses) on Securities (Realized and Unrealized)		(1.26	)		1.00			(1.01	)		0.66			(2.57	)		0.04			(1.48	)		2.33			0.03			(1.18	)

Total from Investment Operations		(1.15	)		1.27			(0.75	)		0.74			(2.46	)		0.39			(1.14	)		2.64			0.34			(0.88	)

Less Distributions:
Net Investment Income		(0.08	)		(0.24	)		(0.22	)		(0.06	)		(0.10	)		(0.35	)		(0.41	)		(0.24	)		(0.31	)		(0.27	)
Net Realized Gains		—			—			—			—			—			(0.23	)		—			—			—			—

Total Distributions		(0.08	)		(0.24	)		(0.22	)		(0.06	)		(0.10	)		(0.58	)		(0.41	)		(0.24	)		(0.31	)		(0.27	)

Net Asset Value, End of Period	$	9.51		$	10.74		$	9.71		$	10.68		$	8.41		$	10.97		$	11.16		$	12.71		$	10.31		$	10.28

Total Return		(10.76	%)(B)		13.19	%		(7.20	%)		7.38	%(B)		(22.62	%)(B)		3.75	%		(9.22	%)		25.97	%		3.54	%		(7.77	%)

Net Assets, End of Period (thousands)	$	936,454		$	658,448		$	266,868		$	67,793		$	210,937		$	302,369		$	240,668		$	246,551		$	188,154		$	155,301
Ratio of Expenses to Average Net Assets *		0.31	%(C)		0.33	%		0.35	%		0.31	%(C)(E)		0.60	%(C)		0.54	%(F)		0.52	%		0.52	%		0.53	%		0.53	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly)) *		0.32	%(C)		0.34	%		0.35	%		0.65	%(C)(E)		0.73	%(C)		0.76	%(F)		0.74	%		0.75	%		0.76	%		0.75	%
Ratio of Net Investment Income to Average Net Assets		2.09	%(C)		2.69	%		2.41	%		1.76	%(C)(E)		2.20	%(C)		3.25	%		2.72	%		2.69	%		3.20	%		2.69	%
Portfolio Turnover Rate		1	%(B)		9	%		9	%		2	%(B)		N/A			N/A			N/A			N/A			N/A			N/A

* The Ratio of Expenses to Average Net Assets is inclusive of acquired fund fees and expenses incurred by the Portfolio indirectly as a result of Portfolio’s investment in Underlying Funds as follows:		N/A			N/A			N/A			N/A			0.24	%(C)		0.24	%		0.24	%		0.25	%		0.26	%		0.25	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	World Ex U.S. Core Equity Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)
Net Asset Value, Beginning of Period	$	11.17		$	10.65		$	12.15		$	9.93		$	9.83		$	10.49

Income from Investment Operations (A)
Net Investment Income (Loss)		0.10			0.33			0.31			0.27			0.26			0.26
Net Gains (Losses) on Securities (Realized and Unrealized)		(1.92	)		0.56			(1.52	)		2.21			0.08			(0.72	)

Total from Investment Operations		(1.82	)		0.89			(1.21	)		2.48			0.34			(0.46	)

Less Distributions:
Net Investment Income		(0.10	)		(0.32	)		(0.29	)		(0.26	)		(0.24	)		(0.20	)
Net Realized Gains		—			(0.05	)		—			—			—			—

Total Distributions		(0.10	)		(0.37	)		(0.29	)		(0.26	)		(0.24	)		(0.20	)

Net Asset Value, End of Period	$	9.25		$	11.17		$	10.65		$	12.15		$	9.93		$	9.83

Total Return		(16.42	%)(B)		8.64	%		(10.22	%)		25.33	%		3.58	%		(4.50	%)

Net Assets, End of Period (thousands)	$	3,147,376		$	3,719,313		$	3,129,791		$	2,805,367		$	1,656,445		$	1,170,828
Ratio of Expenses to Average Net Assets		0.36	%(C)		0.37	%		0.39	%		0.40	%		0.47	%		0.47	%(F)
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))		0.36	%(C)		0.38	%		0.37	%		0.40	%		0.47	%		0.52	%(F)
Ratio of Net Investment Income to Average Net Assets		1.98	%(C)		3.02	%		2.56	%		2.48	%		2.67	%		2.54	%
Portfolio Turnover Rate		7	%(B)		8	%		4	%		4	%		1	%		1	%

* The Ratio of Expenses to Average Net Assets is inclusive of acquired fund fees and expenses incurred by the Portfolio indirectly as a result of Portfolio’s investment in Underlying Funds as follows:		N/A			N/A			N/A			N/A			N/A			0.03	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	World Core Equity Portfolio																		Selectively Hedged Global Equity Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	16.42		$	15.40		$	16.06		$	13.14		$	12.94		$	13.33		$	16.54		$	15.71		$	16.52		$	13.67		$	13.50		$	14.20

Income from Investment Operations (A)
Net Investment Income (Loss)		0.13			0.35			0.31			0.29			0.27			0.26			0.12			0.35			0.31			0.29			0.26			0.27
Net Gains (Losses) on Securities (Realized and Unrealized)		(2.05	)		1.13			(0.64	)		2.98			0.20			(0.35	)		(2.02	)		1.12			(0.66	)		2.98			0.30			(0.34	)

Total from Investment Operations		(1.92	)		1.48			(0.33	)		3.27			0.47			(0.09	)		(1.90	)		1.47			(0.35	)		3.27			0.56			(0.07	)

Less Distributions:
Net Investment Income		(0.13	)		(0.35	)		(0.30	)		(0.30	)		(0.26	)		(0.26	)		(0.43	)		(0.44	)		(0.27	)		(0.30	)		(0.35	)		(0.42	)
Net Realized Gains		(0.03	)		(0.11	)		(0.03	)		(0.05	)		(0.01	)		(0.04	)		—			(0.20	)		(0.19	)		(0.12	)		(0.04	)		(0.21	)

Total Distributions		(0.16	)		(0.46	)		(0.33	)		(0.35	)		(0.27	)		(0.30	)		(0.43	)		(0.64	)		(0.46	)		(0.42	)		(0.39	)		(0.63	)

Net Asset Value, End of Period	$	14.34		$	16.42		$	15.40		$	16.06		$	13.14		$	12.94		$	14.21		$	16.54		$	15.71		$	16.52		$	13.67		$	13.50

Total Return		(11.77	%)(B)		9.94	%		(2.16	%)		25.14	%		3.73	%		(0.61	%)		(11.93	%)(B)		10.10	%		(2.28	%)		24.54	%		4.32	%		(0.34	%)

Net Assets, End of Period (thousands)	$	786,207		$	879,553		$	741,512		$	546,891		$	370,229		$	202,655		$	295,156		$	375,832		$	403,195		$	402,204		$	289,904		$	245,106
Ratio of Expenses to Average Net Assets *		0.32	%(C)		0.33	%		0.35	%		0.35	%		0.35	%		0.35	%		0.40	%(C)		0.37	%		0.34	%		0.35	%		0.35	%		0.40	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor) *(F)		0.58	%(C)		0.60	%		0.59	%		0.60	%		0.64	%		0.65	%		0.62	%(C)		0.63	%		0.60	%		0.62	%		0.64	%		0.66	%
Ratio of Net Investment Income to Average Net Assets		1.69	%(C)		2.23	%		1.89	%		1.95	%		2.14	%		1.95	%		1.57	%(C)		2.25	%		1.87	%		1.90	%		2.03	%		1.93	%

* The Ratio of Expenses to Average Net Assets is inclusive of acquired fund fees and expenses incurred by the Portfolio indirectly as a result of Portfolio’s investment in Underlying Funds as follows:		0.26	%(C)		0.27	%		0.27	%		0.28	%		0.31	%		0.32	%		0.29	%(C)		0.30	%		0.29	%		0.29	%		0.32	%		0.33	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	Emerging Markets Portfolio																		Emerging Markets Small Cap Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	27.56		$	25.46		$	29.55		$	24.12		$	22.17		$	26.64		$	20.07		$	18.72		$	23.49		$	20.39		$	18.51		$	21.42

Income from Investment Operations (A)
Net Investment Income (Loss)		0.19			0.73			0.61			0.49			0.45			0.49			0.14			0.48			0.53			0.49			0.45			0.43
Net Gains (Losses) on Securities (Realized and Unrealized)		(4.10	)		2.05			(4.14	)		5.43			1.95			(4.54	)		(3.58	)		1.87			(4.22	)		3.58			2.04			(2.53	)

Total from Investment Operations		(3.91	)		2.78			(3.53	)		5.92			2.40			(4.05	)		(3.44	)		2.35			(3.69	)		4.07			2.49			(2.10	)

Less Distributions:
Net Investment Income		(0.19	)		(0.68	)		(0.56	)		(0.49	)		(0.45	)		(0.42	)		(0.27	)		(0.46	)		(0.53	)		(0.51	)		(0.47	)		(0.41	)
Net Realized Gains		—			—			—			—			—			—			(0.13	)		(0.54	)		(0.55	)		(0.46	)		(0.14	)		(0.40	)

Total Distributions		(0.19	)		(0.68	)		(0.56	)		(0.49	)		(0.45	)		(0.42	)		(0.40	)		(1.00	)		(1.08	)		(0.97	)		(0.61	)		(0.81	)

Net Asset Value, End of Period	$	23.46		$	27.56		$	25.46		$	29.55		$	24.12		$	22.17		$	16.23		$	20.07		$	18.72		$	23.49		$	20.39		$	18.51

Total Return		(14.27	%)(B)		11.06	%		(12.14	%)		24.83	%		11.01	%		(15.24	%)		(17.52	%)(B)		12.96	%		(16.45	%)		21.00	%		13.96	%		(9.88	%)

Net Assets, End of Period (thousands)	$	5,268,535		$	5,968,318		$	5,394,188		$	6,632,914		$	4,915,400		$	4,321,530		$	4,699,298		$	6,423,859		$	6,304,406		$	7,249,717		$	5,459,509		$	4,845,174
Ratio of Expenses to Average Net Assets		0.46	%(C)		0.48	%		0.47	%		0.50	%		0.56	%		0.57	%		0.71	%(C)		0.72	%		0.70	%		0.73	%		0.72	%		0.73	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor) (F)		0.56	%(C)		0.58	%		0.57	%		0.60	%		0.66	%		0.60	%		0.91	%(C)		0.92	%		0.90	%		0.93	%		0.92	%		0.78	%
Ratio of Net Investment Income to Average Net Assets		1.44	%(C)		2.70	%		2.08	%		1.88	%		2.04	%		1.97	%		1.46	%(C)		2.44	%		2.31	%		2.32	%		2.43	%		2.16	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	Emerging Markets Value Portfolio-Class R2 Shares
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)
Net Asset Value, Beginning of Period	$	27.16		$	26.64		$	30.13		$	24.71		$	22.18		$	27.79

Income from Investment Operations(A)
Net Investment Income (Loss)		0.16			0.63			0.63			0.31			0.46			0.49
Net Gains (Losses) on Securities (Realized and Unrealized)		(5.36	)		0.56			(3.48	)		5.60			2.75			(5.61	)

Total from Investment Operations		(5.20	)		1.19			(2.85	)		5.91			3.21			(5.12	)

Less Distributions:
Net Investment Income		(0.27	)		(0.67	)		(0.64	)		(0.49	)		(0.68	)		(0.49	)

Total Distributions		(0.27	)		(0.67	)		(0.64	)		(0.49	)		(0.68	)		(0.49	)

Net Asset Value, End of Period	$	21.69		$	27.16		$	26.64		$	30.13		$	24.71		$	22.18

Total Return		(19.38	%)(B)		4.57	%		(9.66	%)		24.11	%		14.98	%		(18.49	%)

Net Assets, End of Period (thousands)	$	22,686		$	29,146		$	25,150		$	31,198		$	97,923		$	74,076
Ratio of Expenses to Average Net Assets (F)		0.80	%(C)		0.81	%		0.80	%		0.81	%		0.81	%		0.81	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly) (F)		0.90	%(C)		0.91	%		0.90	%		0.91	%		0.91	%		0.84	%
Ratio of Net Investment Income to Average Net Assets		1.27	%(C)		2.29	%		2.07	%		1.19	%		2.08	%		1.93	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	Emerging Markets Value Portfolio-Institutional Class Shares
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)
Net Asset Value, Beginning of Period	$	27.34		$	26.81		$	30.32		$	24.84		$	22.22		$	27.81

Income (loss) from Investment Operations(A)
Net Investment Income (Loss)		0.19			0.70			0.73			0.61			0.51			0.54
Net Gains (Losses) on Securities (Realized and Unrealized)		(5.39	)		0.57			(3.53	)		5.40			2.77			(5.60	)

Total from Investment Operations		(5.20	)		1.27			(2.80	)		6.01			3.28			(5.06	)

Less Distributions:
Net Investment Income		(0.29	)		(0.74	)		(0.71	)		(0.53	)		(0.66	)		(0.53	)

Total Distributions		(0.29	)		(0.74	)		(0.71	)		(0.53	)		(0.66	)		(0.53	)

Net Asset Value, End of Period	$	21.85		$	27.34		$	26.81		$	30.32		$	24.84		$	22.22

Total Return		(19.27	%)(B)		4.83	%		(9.45	%)		24.41	%		15.23	%		(18.27	%)

Net Assets, End of Period (thousands)	$	13,117,665		$	17,161,936		$	16,431,410		$	19,383,230		$	16,304,321		$	14,834,888
Ratio of Expenses to Average Net Assets (F)		0.55	%(C)		0.56	%		0.54	%		0.57	%		0.56	%		0.56	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly)) (F)		0.65	%(C)		0.66	%		0.64	%		0.67	%		0.66	%		0.59	%
Ratio of Net Investment Income to Average Net Assets		1.52	%(C)		2.54	%		2.37	%		2.23	%		2.31	%		2.12	%

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	Emerging Markets Core Equity Portfolio																		Emerging Markets Targeted Value Portfolio


	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Period Nov 14, 2018 to Oct 31, 2019
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	20.59		$	18.95		$	22.38		$	18.40		$	16.81		$	20.08		$	10.43		$	10.00

Income from Investment Operations (A)
Net Investment Income (Loss)		0.14			0.53			0.50			0.42			0.37			0.39			0.05			0.24
Net Gains (Losses) on Securities (Realized and Unrealized)		(3.32	)		1.64			(3.47	)		3.95			1.59			(3.29	)		(2.02	)		0.20

Total from Investment Operations		(3.18	)		2.17			(2.97	)		4.37			1.96			(2.90	)		(1.97	)		0.44

Less Distributions:
Net Investment Income		(0.15	)		(0.53	)		(0.46	)		(0.39	)		(0.37	)		(0.37	)		(0.23	)		(0.01	)
Net Realized Gains		—			—			—			—			—			—			(0.11	)		—

Total Distributions		(0.15	)		(0.53	)		(0.46	)		(0.39	)		(0.37	)		(0.37	)		(0.34	)		(0.01	)

Net Asset Value, End of Period	$	17.26		$	20.59		$	18.95		$	22.38		$	18.40		$	16.81		$	8.12		$	10.43

Total Return		(15.51	%)(B)		11.61	%		(13.48	%)		24.02	%		11.87	%		(14.49	%)		(19.63	%)(B)		4.38	%(B)

Net Assets, End of Period (thousands)	$	22,090,162		$	28,622,610		$	25,372,759		$	27,085,722		$	18,712,966		$	14,856,878		$	139,026		$	114,360
Ratio of Expenses to Average Net Assets		0.51	%(C)		0.52	%		0.52	%		0.55	%		0.61	%		0.62	%		0.84	%(C)		0.85	%(C)(E)
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))		0.51	%(C)		0.53	%		0.52	%		0.56	%		0.61	%		0.62	%		0.87	%(C)		0.95	%(C)(E)
Ratio of Net Investment Income to Average Net Assets		1.47	%(C)		2.62	%		2.25	%		2.08	%		2.20	%		2.06	%		1.01	%(C)		2.30	%(C)(E)
Portfolio Turnover Rate		9	%(B)		4	%		4	%		4	%		3	%		5	%		22	%(B)		12	%(B)

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

A. Organization:

DFA Investment Dimensions Group Inc. (the “Fund”) is an open-end management investment company registered under the Investment Company Act of 1940, whose shares are generally offered to institutional investors, retirement plans and clients of registered investment advisors. The Fund consists of one hundred and four operational portfolios, of which twenty-two (the “Portfolios”) are included in this section of the report. The remaining operational portfolios are presented in separate reports. The Portfolios are investment companies, and accordingly, follow the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”), Topic 946, “Financial Services-Investment Companies.”

Of the Portfolios, seven invest all of their assets in a corresponding series or fund (each such Portfolio, a “Feeder Fund”). Of the Feeder Funds, six invest all of their assets in a corresponding series of The DFA Investment Trust Company (“DFAITC”) and one invests all of its assets in the Dimensional Emerging Markets Value Fund (“DEM”) (each such series within DFAITC and DEM, a “Master Fund”). Six of the Portfolios generally allocate their assets among other funds managed by Dimensional Fund Advisors LP (each such Portfolio, a “Fund of Funds”). The International Small Company Portfolio invests in five Master Funds within DFAITC. The Global Small Company Portfolio invests in six Master Funds within DFAITC and one underlying fund within the Fund (each such underlying fund within the Fund, an “Underlying Fund”). The DFA Global Real Estate Securities Portfolio invests in two Underlying Funds within the Fund and directly in securities. The World ex U.S. Value Portfolio invests in three Master/Underlying Funds within the Fund, DFAITC, and DEM. The World Core Equity Portfolio and Selectively Hedged Global Equity Portfolio each invest in three Underlying Funds within the Fund. As of April 30, 2020, the following Portfolios were the owner of record of the following approximate percentages of the total outstanding shares of the following Master/Underlying Funds as detailed below:


Feeder Funds	Master/Underlying Funds	Percentage Ownership at 04/30/20
Japanese Small Company Portfolio	The Japanese Small Company Series		17	%
Asia Pacific Small Company Portfolio	The Asia Pacific Small Company Series		23	%
United Kingdom Small Company Portfolio	The United Kingdom Small Company Series		—
Continental Small Company Portfolio	The Continental Small Company Series		—
Emerging Markets Portfolio	The Emerging Markets Series		99	%
Emerging Markets Small Cap Portfolio	The Emerging Markets Small Cap Series		99	%
Emerging Markets Value Portfolio	Dimensional Emerging Markets Value Fund		98	%

Funds of Funds	Underlying Funds	Percentage Ownership at 04/30/20
International Small Company Portfolio	The Continental Small Company Series		89	%
	The Japanese Small Company Series		83	%
	The United Kingdom Small Company Series		99	%
	The Asia Pacific Small Company Series		77	%
	The Canadian Small Company Series		97	%

Global Small Company Portfolio	U.S. Small Cap Portfolio		—
	The Continental Small Company Series		—
	The Japanese Small Company Series		—
	The Asia Pacific Small Company Series		—
	The Canadian Small Company Series		—
	The Emerging Markets Small Cap Series		—
	The United Kingdom Small Company Series		—

100


Feeder Funds	Master/Underlying Funds	Percentage Ownership at 04/30/20
DFA Global Real Estate Securities Portfolio*	DFA Real Estate Securities Portfolio		10	%
	DFA International Real Estate Securities Portfolio		54	%

World ex U.S. Value Portfolio	Dimensional Emerging Markets Value Fund		—
	DFA International Small Cap Value Portfolio		—
	The DFA International Value Series		—

World Core Equity Portfolio	U.S. Core Equity 1 Portfolio		2	%
	International Core Equity Portfolio		1	%
	Emerging Markets Core Equity Portfolio		—

Selectively Hedged Global Equity Portfolio	U.S. Core Equity 2 Portfolio		1	%
	International Core Equity Portfolio		—
	Emerging Markets Core Equity Portfolio		—

*	DFA Global Real Estate Securities Portfolio invests in two Underlying Funds as indicated and securities listed on its Summary Schedule of Investments.

To achieve its investment objective, each Feeder Fund and Fund of Funds invests substantially all of its assets in corresponding Master and/or Underlying Funds as indicated above. The DFA Global Real Estate Securities Portfolio may pursue its investment objective by investing its assets in its Underlying Funds and/or directly in securities of companies in the real estate industry. Each Feeder Fund and Fund of Funds also invests in short-term temporary cash investments and futures. In addition, each Fund of Funds may engage in forward currency contracts.

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

B. Significant Accounting Policies:

1. Security Valuation: The Portfolios use a fair value hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:

•

Level 1 – inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts)

•

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 – significant unobservable inputs (including the Portfolios’ own assumptions in determining the fair value of investments)

101

Securities held by Large Cap International Portfolio, International Core Equity Portfolio, DFA International Real Estate Securities Portfolio, DFA Global Real Estate Securities Portfolio, DFA International Small Cap Value Portfolio, International Vector Equity Portfolio, World ex U.S. Core Equity Portfolio, Emerging Markets Core Equity Portfolio, International High Relative Profitability Portfolio and Emerging Markets Targeted Value Portfolio (the “International Equity Portfolios”), including over-the-counter securities, are valued at the last quoted sale price of the day. International equity securities are subject to a fair value factor, as described later in this note. Securities held by the International Equity Portfolios that are listed on Nasdaq are valued at the Nasdaq Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, the International Equity Portfolios value the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.

Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors of the Fund. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of Dimensional Fund Advisors LP) occur before the net asset value of the Portfolio is calculated. When fair value pricing is used, the prices of securities used by the International Equity Portfolios may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

The International Equity Portfolios will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the time at which the net asset values of the International Equity Portfolios are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the pricing of the International Equity Portfolios’ shares (at the close of the NYSE), the International Equity Portfolios will fair-value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the International Equity Portfolios’ foreign investments since the last calculated closing prices of the foreign investments on their primary foreign securities markets or exchanges. For these purposes, the Board of Directors of the Fund has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the International Equity Portfolios uses data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When an International Equity Portfolio uses fair value pricing, the values assigned to the International Equity Portfolio’s foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

102

Shares held by the Portfolios in other investment companies (such as the Master/Underlying Funds) are valued at their respective daily net asset values as reported by their administrator. The Feeder Funds’, International Small Company Portfolio’s, Global Small Company Portfolio’s and World ex U.S. Value Portfolio’s investments in series of either DFAITC or DEM reflect their proportionate interest in the net assets of such corresponding Master Fund(s). These valuations are classified as Level 1 in the hierarchy.

A summary of the inputs used to value the Portfolios’ investments by each major security type, industry and/or country is disclosed previously in this note. A valuation hierarchy table has been included at the end of the Summary Schedule of Portfolio Holdings/Schedule of Investments (except for the Feeder Funds). The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The International Equity Portfolios do not isolate the effect of foreign exchange rate fluctuations from the effect of fluctuations in the market prices of securities, whether realized or unrealized. However, the Selectively Hedged Global Equity Portfolio does isolate the effect of foreign currency rate fluctuations when determining the realized gain or loss upon the sale or maturity of foreign currency-denominated debt obligations pursuant to U.S. Federal income tax regulations; such amounts are categorized as foreign exchange gain or loss for income tax reporting purposes.

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

103

following the year in which the Director ceases to be a member of the Board (unless the Director files an amended Notice selecting a different distribution date). As of April 30, 2020, none of the Directors have requested or received a distribution of proceeds of a deferred fee account.

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

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

The Feeder Funds, International Small Company Portfolio, Global Small Company Portfolio, and World ex U.S. Value Portfolio recognize their pro-rata shares of net investment income and realized and unrealized gains/losses on a daily basis from their respective Master Fund(s) within DFAITC or DEM, which are treated as partnerships for federal income tax purposes.

The Emerging Markets Portfolio, Emerging Markets Small Cap Portfolio, Emerging Markets Value Portfolio, World ex U.S. Core Portfolio, Emerging Markets Core Equity Portfolio and Emerging Markets Targeted Value Portfolio are subject to tax on short-term capital gains for investments in India. Such taxes are accrued on a daily basis and due upon sale of individual securities.

C. Investment Advisor and Administrator:


Large Cap International Portfolio		0.19%*
International Core Equity Portfolio		0.26%*
Global Small Company Portfolio		0.44%*
International Small Company Portfolio		0.39%*
Japanese Small Company Portfolio		0.49%*
Asia Pacific Small Company Portfolio		0.49%*
United Kingdom Small Company Portfolio		0.49%*
Continental Small Company Portfolio		0.49%*
DFA International Real Estate Securities Portfolio		0.25%*
DFA Global Real Estate Securities Portfolio		0.20%

104


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

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


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

Pursuant to Amended and Restated Fee Waiver and/or Expense Assumption Agreements (each, a “Fee Waiver Agreement”), the Advisor has contractually agreed to waive certain fees, and in certain instances, assume certain expenses of the Portfolios, as described in the notes below. The Fee Waiver Agreements for the non-Feeder Funds, and a portion of the Fee Waiver Agreement for certain Feeder Funds below, will remain in effect through February 28, 2021, may only be terminated by the Fund’s Board of Directors prior to that date and shall continue in effect from year to year thereafter unless terminated by the Fund or the Advisor. The Fee Waiver Agreement with respect to the total management fees paid by the Feeder Funds, as described in the notes below, will remain in effect permanently, unless terminated by a Feeder Fund. During the six months ended April 30, 2020, the Portfolios had expense limits based on a percentage of average net assets on an annualized basis, and the Advisor recovered previously waived fees and/or assumed expenses (amounts in thousands), as listed below. The net amount of waived fees/expenses assumed (recovered previously waived fees/expenses assumed) during the six months ended April 30, 2020, and the previously waived fees/expenses assumed subject to future recovery by the Advisor as of April 30, 2020, are also reflected below (amounts in thousands). At any time that the Portfolio Expenses (defined below) of a class of a Portfolio are less than the applicable Expense Limitation Amount/Total Management Fee Limit listed below, the Advisor retains the right to recover fees previously waived and/or expenses previously assumed to the extent that the

105

expense ratio following such recovery would be less than the Expense Limitation Amount/Total Management Fee Limit that was in place when such prior year fees were waived and/or expenses assumed, and less than the current Expense Limitation Amount/Total Management Fee Limit in place for the Portfolio. The Advisor, however, will not be reimbursed by a Feeder Portfolio in connection with its Permanent Fee Waiver. The Fund, on behalf of a Portfolio, is also not obligated to reimburse the Advisor for fees previously waived or expenses previously assumed by the Advisor more than thirty-six months before the date of recovery. With respect to the World ex U.S. Value Portfolio, World Core Equity Portfolio and Selectively Hedged Global Equity Portfolio, the Advisor shall also not be reimbursed for any management fees previously waived to offset a Portfolio’s proportionate share of the management fees paid by such Portfolio through its investment in other funds managed by the Advisor.


									Net Waived Fees/
									Expenses Assumed			Previously
							Recovery		(Recovered			Waived Fees/
	Expense			Total			of Previously		Previously Waived			Expenses Assumed
	Limitation			Management			Waived Fees/		Fees/Expenses			Subject to Future
Institutional Class Shares	Amount			Fee Limit			Expenses Assumed		Assumed)			Recovery
Large Cap International Portfolio (1)		0.24	%		—			—		—			—
International Core Equity Portfolio (1)		0.30	%		—		$	933	$	(438	)	$	4,081
Global Small Company Portfolio (2)		0.47	%		—			—		72			383
International Small Company Portfolio (3)		0.45	%		—			—		—			—
Japanese Small Company Portfolio (4)		0.47	%		0.47	%		—		272			11
Asia Pacific Small Company Portfolio (4)		0.47	%		0.47	%		—		150			6
United Kingdom Small Company Portfolio (4)		0.47	%		0.47	%		2		26			66
Continental Small Company Portfolio (4)		0.47	%		0.47	%		—		305			12
DFA International Real Estate Securities Portfolio (5)		0.29	%		—			—		—			—
DFA Global Real Estate Securities Portfolio (6)		0.24	%		—			95		4,317			25,976
International Vector Equity Portfolio (1)		0.60	%		—			—		—			—
International High Relative Profitability Portfolio (2)		0.35	%		—			25		(25	)		—
World ex U.S. Value Portfolio (7)		0.60	%		0.43	%		108		178			—
World ex U.S. Core Equity Portfolio (8)		0.39	%		—			—		—			—
World Core Equity Portfolio (9)		0.32	%		0.27	%		16		1,090			443
Selectively Hedged Global Equity Portfolio (10)		0.40	%		0.28	%		120		394			1
Emerging Markets Portfolio (11)		0.49	%		0.37	%		23		2,823			23

106


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

Class R2 Shares
Emerging Markets Value Portfolio (13)		0.96	%		0.45	%		—		13		—

(1)

The Advisor has contractually agreed to waive all or a portion of its management fee and assume each Portfolio’s ordinary operating expenses (excluding the expenses a Portfolio incurs indirectly through investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of each Portfolio to the rates listed above as a percentage of average net assets on an annualized basis (the “Expense Limitation Amount”). The Fee Waiver Agreement for the Large Cap International Portfolio became effective on January 1, 2017. In addition, prior to January 1, 2017, the Advisor had contractually agreed to waive all or a portion of its management fee and assume each of the International Core Equity Portfolio’s and Emerging Markets Core Equity Portfolio’s Portfolio Expenses to the extent necessary to limit the Portfolio Expenses of each such Portfolio to 0.49% and 0.85%, respectively, as a percentage of average net assets on an annualized basis.

(2)

(3)

Effective July 21, 2015, the Advisor has contractually agreed to waive all or a portion of its management fee and to assume the other direct expenses of a class of the Portfolio (excluding expenses incurred through its investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of a class of the Portfolio to the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”). Prior to July 21, 2015, the Advisor had contractually agreed to waive its administration fee and to assume Portfolio Expenses to the extent necessary to limit the Portfolio Expenses of the Portfolio, on an annualized basis, to the Expense Limitation Amount listed above.

(4)

Effective February 28, 2020, the Advisor has contractually agreed to permanently waive all or a portion of the management fee of each Portfolio to the extent necessary to limit the total management fees paid to the Advisor by each Portfolio, including the proportionate share of the management fees a Portfolio pays indirectly through its investment in other funds managed by the Advisor, except for the fees paid indirectly through its investment of securities lending cash collateral in the Money Market Series, to 0.47% of the average net assets of a class of a Portfolio on an annualized basis (the “Permanent Fee Waiver”). From July 21, 2015 to February 27, 2020, the permanent Fee Waiver Limit was 0.50%. In addition to the Permanent Fee Waiver, the Advisor has contractually agreed to further waive all or a portion of its management fee and to assume the other direct expenses of a class of each Portfolio (excluding expenses incurred through its investment in other investment companies managed by the Advisor) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of each class of a Portfolio to the rates listed above as a percentage of the average net assets of a class of a Portfolio on an annualized basis (the “Expense Limitation Amount”). Prior to July 21, 2015, the Advisor had contractually agreed to waive its administration fee and to assume each Portfolio’s other direct expenses to the extent necessary to limit the direct expenses of each Portfolio to the Expense Limitation Amount listed above. The Fee Waiver Agreement did not include the indirect expenses each Portfolio bore as a shareholder of its Master Fund.

(5)

Effective February 28, 2015, the Advisor has contractually agreed to waive all or a portion of its management fee and to assume the Portfolio’s ordinary operating expenses (excluding the expenses the Portfolio incurs indirectly through investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of the Portfolio to the rate listed above as a percentage of the Portfolio’s average net assets on an annualized basis (the “Expense Limitation Amount”). Prior to February 28, 2015, the Advisor had contractually agreed to waive all or a portion of its advisory fee and to assume the Portfolio Expenses of the Portfolio to the extent necessary to limit the Portfolio Expenses to 0.65% of the Portfolio’s average net assets on an annualized basis.

(6)

Effective February 28, 2015, the Advisor has contractually agreed to waive all or a portion of its management fee and to assume the expenses of the Portfolio (including the expenses that the Portfolio bears as a shareholder of its Master/Underlying Funds but excluding the expenses that the Portfolio incurs indirectly through investment of its securities lending cash collateral in the Money Market Series and its investment in unaffiliated investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of the Portfolio to the rate listed above as a percentage of the Portfolio’s average net assets on an annualized basis (the “Expense Limitation Amount”). From February 28, 2012 to February 27, 2015, the Advisor had contractually agreed to waive all or a portion of its advisory fee and to assume the Portfolio Expenses of the Portfolio to the extent necessary to limit the Portfolio Expenses to 0.32% of the Portfolio’s average net assets on an annualized basis.

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(7)

Effective February 28, 2020, the Advisor has contractually agreed to waive up to the full amount of the Portfolio’s management fee of 0.43% to the extent necessary to offset the proportionate share of the management fees paid by the Portfolio through its investment in its Master/Underlying Funds, except for the fees paid through its investment of securities lending cash collateral in the Money Market Series (the “Total Management Fee Limit”). Prior to February 28, 2020, the Total Management Fee Limit was 0.47%. In addition, under the Fee Waiver Agreement, the Advisor also has agreed to waive all or a portion of the management fee that remains payable by the Portfolio (i.e., the management fee remaining after the proportionate share of the Master/Underlying Funds’ management fees have been offset (the “Remaining Management Fee”)) to the extent necessary to reduce the Portfolio’s ordinary operating expenses (including expenses incurred through its investment in other investment companies but excluding the expenses that the Portfolio incurs indirectly through investment of its securities lending cash collateral in the Money Market Series) (“Portfolio Expenses”) to the rate listed above as a percentage of average net assets on an annualized basis (the “Expense Limitation Amount”). The maximum amount that may be waived to limit Portfolio Expenses is the amount of the Remaining Management Fee.

(8)

The Advisor has contractually agreed to waive all or a portion of its management fee and to assume the expenses of a class of the Portfolio (including the expenses that the Portfolio bears as a shareholder of its Master/ Underlying Funds but excluding the expenses that the Portfolio incurs indirectly through its investment of its securities lending cash collateral in the Money Market Series and its investment in unaffiliated investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of a class of the Portfolio to the rate listed above as a percentage of average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”).

(9)

Effective February 28, 2020, the Advisor has contractually agreed to waive up to the full amount of the Portfolio’s management fee of 0.27% to the extent necessary to offset the proportionate share of the management fees paid by the Portfolio through its investment in its Master/Underlying Funds, except for the fees paid through its investment of securities lending cash collateral in the Money Market Series (including the Portfolio’s proportionate share of any management fees that a Master/Underlying Fund paid through its investment in an affiliated cash management fund) (the “Total Management Fee Limit”). Prior to February 28, 2020, the Total Management Fee Limit was 0.30%. In addition, under the Fee Waiver Agreement, the Advisor has also agreed to assume the expenses of a class of the Portfolio to the extent necessary to reduce the ordinary operating expenses (including expenses incurred through its investment in other investment companies but excluding the expenses that the Portfolio incurs indirectly through investment of its securities lending cash collateral in the Money Market Series) (“Portfolio Expenses”) of a class of the Portfolio so that such Portfolio Expenses do not exceed the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”). From June 27, 2014 to February 27, 2019, the Expense Limitation Amount was 0.35% of the average net assets of such class of the Portfolio on an annualized basis.

(10)

Effective February 28, 2020, the Advisor has contractually agreed to waive up to the full amount of the Portfolio’s management fee of 0.28% to the extent necessary to offset the proportionate share of the management fees paid by the Portfolio through its investment in its Master/Underlying Funds, except for the fees paid through its investment of securities lending cash collateral in the Money Market Series (the “Total Management Fee Limit”). Prior to February 28, 2020, the Total Management Fee Limit was 0.30%. In addition, under the Fee Waiver Agreement, the Advisor has also agreed to waive all or a portion of the management fee and to assume the expenses of a class of the Portfolio to the extent necessary to reduce the ordinary operating expenses (including expenses incurred through its investment in other investment companies but excluding the expenses that the Portfolio incurs indirectly through investment of its securities lending cash collateral in the Money Market Series) (“Portfolio Expenses”) of the Portfolio to the rate listed above as a percentage of average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”).

(11)

Effective February 28, 2020, the Advisor has contractually agreed to permanently waive all or a portion of the management fee of the Portfolio to the extent necessary to limit the total management fees paid to the Advisor by the Portfolio, including the proportionate share of the management fees the Portfolio pays indirectly through its investment in other funds managed by the Advisor, except for the fees paid indirectly through its investment of securities lending cash collateral in the Money Market Series, to 0.37% of the average net assets of a class of the Portfolio on an annualized basis (the “Permanent Fee Waiver”). From July 21, 2015 to February 27, 2020, the Permanent Fee Waiver Limit was 0.42%. Effective January 1, 2017, in addition to the Permanent Fee Waiver, the Advisor has contractually agreed to further waive all or a portion of its management fee and to assume the other direct expenses of a class of the Portfolio (excluding expenses incurred through its investment in other investment companies managed by the Advisor) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of each class of the Portfolio to the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”).

(12)

(13)

Effective February 28, 2020, the Advisor has contractually agreed to permanently waive all or a portion of the management fee of the Portfolio to the extent necessary to limit the total management fees paid to the Advisor by the Portfolio, including the proportionate share of the management fees the Portfolio pays indirectly through its investment in other funds managed by the Advisor, except for the fees paid indirectly through its investment of securities lending cash collateral in the Money Market Series, to 0.45% of the average net assets of a class of the Portfolio on an annualized basis (the “Permanent Fee Waiver”). From July 21, 2015 to February 27, 2020, the Permanent Fee Waiver Limit was 0.50%. In addition to the Permanent Fee Waiver, the Advisor has contractually agreed to (including for the period prior to July 21, 2015) assume the direct expenses of the Class R2 shares of the Portfolio (excluding management fees and custodian fees) to the extent necessary to limit the annualized expenses of the Class R2 shares of the Portfolio (excluding the expenses the Portfolio incurs indirectly through investment in other investment companies) to the rate listed above as a percentage of the average net assets of the Class R2 shares of the Portfolio (the “Annualized Expense Ratio”).

108

Earned Income Credit:

Additionally, Portfolios have entered into arrangements with their custodian whereby net interest earned on uninvested cash balances was used to reduce a portion of the Portfolios’ custody expenses. Custody expense in the accompanying financial statements is presented before reduction for credits. The impact of such credits is generally less than one basis point of each Portfolio’s net assets. During the six months ended April 30, 2020, expenses reduced were as follows (amounts in thousands):


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

Fees Paid to Officers and Directors/Trustees:

D. Deferred Compensation:


Large Cap International Portfolio	$	80
International Core Equity Portfolio		264
Global Small Company Portfolio		(—	)
International Small Company Portfolio		270
Japanese Small Company Portfolio		11
Asia Pacific Small Company Portfolio		7
United Kingdom Small Company Portfolio		2
Continental Small Company Portfolio		6
DFA International Real Estate Securities Portfolio		61
DFA Global Real Estate Securities Portfolio		43
DFA International Small Cap Value Portfolio		399
International Vector Equity Portfolio		23
International High Relative Profitability Portfolio		(5	)
World ex U.S. Value Portfolio		2
World ex U.S. Core Equity Portfolio		3
World Core Equity Portfolio		—
Selectively Hedged Global Equity Portfolio		3
Emerging Markets Portfolio		119
Emerging Markets Small Cap Portfolio		107
Emerging Markets Value Portfolio		510
Emerging Markets Core Equity Portfolio		281
Emerging Markets Targeted Value Portfolio		(1	)

109

E. Purchases and Sales of Securities:


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

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

For the six months ended April 30, 2020, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.


										Change in
							Net Realized			Unrealized
	Balance at		Purchases		Proceeds		Gain/(Loss)			Appreciation/			Balance at		Shares as of		Dividend		Capital Gain
	October 31, 2019		at Cost		from Sales		on Sales			Depreciation			April 30, 2020		April 30, 2020		Income		Distributions
Large Cap International Portfolio
The DFA Short Term Investment Fund	$	181,249	$	877,088	$	803,134	$	(85	)	$	35		$	255,153		22,051	$	3,475		—

Total	$	181,249	$	877,088	$	803,134	$	(85	)	$	35		$	255,153		22,051	$	3,475		—

International Core Equity Portfolio
The DFA Short Term Investment Fund	$	1,353,511	$	2,861,607	$	2,876,434	$	(212	)	$	123		$	1,338,595		115,685	$	26,349		—

Total	$	1,353,511	$	2,861,607	$	2,876,434	$	(212	)	$	123		$	1,338,595		115,685	$	26,349		—

Global Small Company Portfolio
U.S. Small Cap Portfolio	$	22,484	$	5,800	$	2,053	$	(267	)	$	(4,094	)	$	21,870		817	$	127	$	535

Total	$	22,484	$	5,800	$	2,053	$	(267	)	$	(4,094	)	$	21,870		817	$	127	$	535

110


										Change in
							Net Realized			Unrealized
	Balance at		Purchases		Proceeds		Gain/(Loss)			Appreciation/			Balance at		Shares as of		Dividend		Capital Gain
	October 31, 2019		at Cost		from Sales		on Sales			Depreciation			April 30, 2020		April 30, 2020		Income		Distributions
DFA International Real Estate Securities Portfolio
The DFA Short Term Investment Fund	$	186,393	$	1,152,414	$	1,146,440	$	(48	)	$	28		$	192,347		16,623	$	3,058		—

Total	$	186,393	$	1,152,414	$	1,146,440	$	(48	)	$	28		$	192,347		16,623	$	3,058		—

DFA Global Real Estate Securities Portfolio
DFA International Real Estate Securities Portfolio	$	3,297,599	$	634,754	$	162,200	$	(17,260	)	$	(1,274,222	)	$	2,478,671		694,306	$	375,229		—
DFA Real Estate Securities Portfolio		1,315,269		—		232,050		46,004			(308,752	)		820,471		24,068		18,186	$	1,750
The DFA Short Term Investment Fund		111,152		631,682		659,156		(29	)		5			83,654		7,230		1,997		—

Total	$	4,724,020	$	1,266,436	$	1,053,406	$	28,715		$	(1,582,969	)	$	3,382,796		725,604	$	395,412	$	1,750

DFA International Small Cap Value Portfolio
The DFA Short Term Investment Fund	$	793,359	$	753,463	$	1,097,965	$	(8	)	$	(3	)	$	448,846		38,791	$	13,336		—

Total	$	793,359	$	753,463	$	1,097,965	$	(8	)	$	(3	)	$	448,846		38,791	$	13,336		—

International Vector Equity Portfolio
The DFA Short Term Investment Fund	$	132,707	$	261,899	$	212,009	$	(13	)	$	21		$	182,605		15,781	$	2,552		—

Total	$	132,707	$	261,899	$	212,009	$	(13	)	$	21		$	182,605		15,781	$	2,552		—

International High Relative Profitability Portfolio
The DFA Short Term Investment Fund	$	25,970	$	161,641	$	138,679	$	(4	)	$	7		$	48,935		4,229		—		—

Total	$	25,970	$	161,641	$	138,679	$	(4	)	$	7		$	48,935		4,229		—		—

World ex U.S. Value Portfolio
DFA International Small Cap Value Portfolio	$	29,086	$	1,026	$	5,313	$	(985	)	$	(5,612	)	$	18,202		1,276	$	394	$	440

Total	$	29,086	$	1,026	$	5,313	$	(985	)	$	(5,612	)	$	18,202		1,276	$	394	$	440

World ex U.S. Core Equity Portfolio
The DFA Short Term Investment Fund	$	109,135	$	286,129	$	252,045	$	(26	)	$	21		$	143,214		12,377	$	2,342		—

Total	$	109,135	$	286,129	$	252,045	$	(26	)	$	21		$	143,214		12,377	$	2,342		—

111


										Change in
							Net Realized			Unrealized
	Balance at		Purchases		Proceeds		Gain/(Loss)			Appreciation/			Balance at		Shares as of		Dividend		Capital Gain
	October 31, 2019		at Cost		from Sales		on Sales			Depreciation			April 30, 2020		April 30, 2020		Income		Distributions
World Core Equity Portfolio
U.S. Core Equity 1 Portfolio	$	480,857	$	46,744	$	34,386	$	(3,834	)	$	(43,561	)	$	445,820		20,118	$	3,751	$	8,146
International Core Equity Portfolio		298,575		22,442		19,416		(3,917	)		(47,940	)		249,744		22,997		2,897		—
Emerging Markets Core Equity Portfolio		100,081		14,308		6,376		(1,121	)		(15,152	)		91,740		5,315		768		—

Total	$	879,513	$	83,494	$	60,178	$	(8,872	)	$	(106,653	)	$	787,304		48,430	$	7,416	$	8,146

Selectively Hedged Global Equity Portfolio
U.S. Core Equity 2 Portfolio	$	186,668	$	12,934	$	25,289	$	(447	)	$	(21,887	)	$	151,979		7,618	$	1,299	$	4,098
International Core Equity Portfolio		119,342		5,886		18,033		(2,095	)		(18,378	)		86,722		7,985		1,130		—
Emerging Markets Core Equity Portfolio		64,065		6,114		7,383		(1,210	)		(9,189	)		52,397		3,036		478		—

Total	$	370,075	$	24,934	$	50,705	$	(3,752	)	$	(49,454	)	$	291,098		18,639	$	2,907	$	4,098

Emerging Markets Core Equity Portfolio
The DFA Short Term Investment Fund	$	673,477	$	1,210,755	$	1,443,116	$	(12	)	$	20		$	441,124		38,123	$	13,584		—

Total	$	673,477	$	1,210,755	$	1,443,116	$	(12	)	$	20		$	441,124		38,123	$	13,584		—

Emerging Markets Targeted Value Portfolio
The DFA Short Term Investment Fund	$	659	$	8,251	$	8,409		—			—		$	501		43		—		—

Total	$	659	$	8,251	$	8,409		—			—		$	501		43		—		—

F. Federal Income Taxes:

112

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


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

113


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

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


	Net Investment
	Income and
	Short-Term			Long-Term
	Capital Gains			Capital Gains			Total
Large Cap International Portfolio	$	(5,785	)		—		$	(5,785	)
International Core Equity Portfolio		(39,526	)		—			(39,526	)
Global Small Company Portfolio		(33	)		—			(33	)
International Small Company Portfolio		(34,708	)	$	(23,004	)		(57,712	)
Japanese Small Company Portfolio		(472	)		—			(472	)
Asia Pacific Small Company Portfolio		—			—			—
United Kingdom Small Company Portfolio		(117	)		(435	)		(552	)
Continental Small Company Portfolio		(722	)		—			(722	)
DFA International Real Estate Securities Portfolio		(38,031	)		—			(38,031	)
DFA Global Real Estate Securities Portfolio		(8,808	)		—			(8,808	)
DFA International Small Cap Value Portfolio		(36,899	)		(12,688	)		(49,587	)
International Vector Equity Portfolio		(5,646	)		—			(5,646	)

114


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

As of October 31, 2019, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):


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

115


	Unlimited		Total
Large Cap International Portfolio	$	114,879	$	114,879
International Core Equity Portfolio		576,584		576,584
Global Small Company Portfolio		504		504
International Small Company Portfolio		—		—
Japanese Small Company Portfolio		—		—
Asia Pacific Small Company Portfolio		15,084		15,084
United Kingdom Small Company Portfolio		—		—
Continental Small Company Portfolio		1,579		1,579
DFA International Real Estate Securities Portfolio		311,503		311,503
DFA Global Real Estate Securities Portfolio		—		—
DFA International Small Cap Value Portfolio		—		—
International Vector Equity Portfolio		30,752		30,752
International High Relative Profitability Portfolio		12,114		12,114
World ex U.S. Value Portfolio		1,394		1,394
World ex U.S. Core Equity Portfolio		30,195		30,195
World Core Equity Portfolio		—		—
Selectively Hedged Global Equity Portfolio		—		—
Emerging Markets Portfolio		209,529		209,529
Emerging Markets Small Cap Portfolio		—		—
Emerging Markets Value Portfolio		1,308,291		1,308,291
Emerging Markets Core Equity Portfolio		1,101,106		1,101,106
Emerging Markets Targeted Value Portfolio		—		—

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


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

116


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

117

G. Capital Share Transactions:

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


	Six Months Ended						Year Ended
	April 30, 2020						October 31, 2019
	(Unaudited)
	Amount			Shares			Amount			Shares
Emerging Markets Value Portfolio
Class R2 Shares
Shares Issued	$	2,316			92		$	7,880			286
Shares Issued in Lieu of Cash Distributions		281			10			687			26
Shares Redeemed		(3,330	)		(129	)		(5,088	)		(183	)

Net Increase (Decrease) — Class R2 Shares	$	(733	)		(27	)	$	3,479			129

Institutional Class Shares
Shares Issued	$	2,034,805			89,606		$	3,094,110			110,936
Shares Issued in Lieu of Cash Distributions		171,746			6,048			436,607			16,366
Shares Redeemed		(2,834,447	)		(123,013	)		(3,087,983	)		(112,388	)

Net Increase (Decrease) — Institutional Class Shares	$	(627,896	)		(27,359	)	$	442,734			14,914

H. Financial Instruments:

In accordance with the Portfolios’ investment objectives and policies, the Portfolios may invest either directly or indirectly (through their investments in corresponding Master/Underlying Funds), in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:

Portfolios that have significant exposure to certain countries, such as The United Kingdom Small Company Portfolio’s Master Fund that concentrates investments in the United Kingdom, can be expected to be impacted by the political and economic conditions within such countries. For example, there is continuing uncertainty around the future of the euro and the European Union (EU) following the United Kingdom’s (UK) exit from the EU (referred to as “Brexit”). Brexit may cause greater market volatility and illiquidity, currency fluctuations, deterioration in economic activity, a decrease in business confidence, and increased likelihood of a recession in the UK. While it is not possible to determine the precise impact these events may have on the Portfolios, during this period and beyond, the impact on the UK, EU countries, other countries or parties that transact with the UK and EU, and the broader global economy could be significant and could adversely affect the value and liquidity of the Portfolios’ investments.

Derivative Financial Instruments:

Summarized below are the specific types of derivative instruments used by the Portfolios.

2. Forward Currency Contracts: The Portfolios listed below may acquire and sell forward currency contracts to hedge against adverse changes in the relationship of the U.S. dollar to foreign currencies (foreign exchange rate risk) or to transfer balances from one currency to another currency. The Selectively Hedged Global Equity Portfolio may hedge some or all of the currency exposure of its foreign securities by entering into forward currency contracts. The decision to hedge the Selectively Hedged Global Equity Portfolio’s currency exposure with respect to a foreign market will be based primarily on the Portfolio’s existing exposure to a given foreign currency. Each contract is valued

118

daily and the change in value is recorded by the Portfolio as an unrealized gain or loss, which is presented in the Statements of Operations as the change in unrealized appreciation or depreciation of forward currency contracts. When the contract is closed or offset with the same counterparty, the Portfolio records a realized gain or loss equal to the change in the value of the contract when it was opened and the value at the time it was closed or offset. This is presented in the Statements of Operations as a net realized gain or loss on forward currency contracts. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currency relative to the U.S. dollar.

3. Futures Contracts: Each Portfolio listed below may purchase or sell futures contracts and options on futures contracts for equity securities and indices to adjust market exposure based on actual or expected cash inflows to or outflows from the Portfolio. The Portfolios, however, do not intend to sell futures contracts to establish short positions in individual securities. The Selectively Hedged Global Equity Portfolio may also use futures contracts to hedge some or all of the currency exposure of its foreign securities. Upon entering into a futures contract, the Portfolios deposit cash or pledge U.S. Government securities to a broker in an amount equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Portfolios as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Portfolios record a realized gain or loss, which is presented in the Statements of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Securities have been segregated as collateral for open futures contracts.

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


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

*	Average amount of Currency Purchased/Sold in USD

**	Average Notional Value of contracts

119

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


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


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

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

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

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

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

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


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

120


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


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

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

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

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

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

*	As of April 30, 2020, there were no futures contracts outstanding. During the six months ended April 30, 2020, the Portfolios had limited activity in futures contracts.

Offsetting of Derivative Assets and Derivative Liabilities

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

121

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


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

Total	$	76	$	76	$	(26	)		—	$	50	$	296	$	296	$	(26	)		—	$	270

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

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

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

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

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

I. Line of Credit and Interfund Lending Program:

122

line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The line of credit agreement expires on January 1, 2021.

For the six months ended April 30, 2020, borrowings by the following Portfolios under the lines of credit were as follows (amounts in thousands, except percentages and days):


	Weighted			Weighted		Number of		Interest		Maximum Amount		Outstanding
	Average			Average		Days		Expense		Borrowed During		Borrowings
	Interest Rate			Loan Balance		Outstanding*		Incurred		the Period		as of 04/30/2020
Large Cap International Portfolio		1.37	%	$	15,828		3	$	1	$	25,463		—
International Core Equity Portfolio		1.34	%		19,892		6		5		79,001		—
Global Small Company Portfolio		2.03	%		143		35		—		972		—
International Small Company Portfolio		0.85	%		11,869		5		1		24,436		—
DFA International Real Estate Securities Portfolio		2.30	%		1,726		1		—		1,726		—
DFA Global Real Estate Securities Portfolio		1.18	%		6,718		18		5		30,384		—
DFA International Small Cap Value Portfolio		1.90	%		8,342		7		3		11,974		—
International Vector Equity Portfolio		1.40	%		8,477		44		9		43,388	$	9,587
World ex U.S. Value Portfolio		1.80	%		877		42		1		8,163		—
World ex U.S. Core Equity Portfolio		1.93	%		8,706		15		5		38,377		—
World Core Equity Portfolio		1.90	%		1,843		33		3		17,666		—
Selectively Hedged Global Equity Portfolio		0.87	%		1,410		2		—		2,211		—
Emerging Markets Core Equity Portfolio		1.02	%		50,267		23		21		108,542		—
Emerging Markets Targeted Value Portfolio		1.84	%		1,918		19		2		8,922		—

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

123

For the six months ended April 30, 2020, activity by the Portfolios under the interfund lending program was as follows (amounts in thousands, except percentages and days):

Weighted

Number of

Interest

Maximum Amount

Outstanding

Borrower or

Average

Average Loan

Days

Expense/

Borrowed/Loaned

Borrowings

Lender

Interest Rate

Balance

Outstanding*

Income

During the Period

as of 04/30/2020

Emerging Markets Core Equity Portfolio

Borrower

0.47

74,414

108,542

—

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

J. Affiliated Trades:

For the six months ended April 30, 2020, cross trades by the Portfolios under Rule 17a-7 were as follows (amounts in thousands):


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

K. Securities Lending:

As of April 30, 2020, some of the Portfolios had securities on loan to brokers/dealers, for which each such Portfolio received cash collateral. The Portfolios also received non-cash collateral consisting of short- and/or long-term U.S. Treasuries and U.S. government agency securities as follows (amounts in thousands):


	Non-Cash
	Collateral
	Market
	Value
Large Cap International Portfolio	$	45,876
International Core Equity Portfolio		374,027
DFA International Real Estate Securities Portfolio		26,491
DFA International Small Cap Value Portfolio		88,602
International Vector Equity Portfolio		49,891
International High Relative Profitability Portfolio		27,374
World ex U.S. Core Equity Portfolio		59,831
Emerging Markets Core Equity Portfolio		597,572
Emerging Markets Targeted Value Portfolio		3,013

124

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

125


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

L. Shareholder Servicing Fees:

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

M. Indemnitees; Contractual Obligations:

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

N. Recently Issued Accounting Standards:

126

O. Other:


		Approximate
		Percentage
	Number of	of Outstanding
	Shareholders	Shares
Large Cap International Portfolio-Institutional Class	4		74	%
International Core Equity Portfolio-Institutional Class	4		69	%
Global Small Company Portfolio-Institutional Class	5		98	%
International Small Company Portfolio-Institutional Class	3		66	%
Japanese Small Company Portfolio-Institutional Class	1		79	%
Asia Pacific Small Company Portfolio-Institutional Class	2		95	%
United Kingdom Small Company Portfolio-Institutional Class	4		97	%
Continental Small Company Portfolio-Institutional Class	2		93	%
DFA International Real Estate Securities Portfolio-Institutional Class	4		90	%
DFA Global Real Estate Securities Portfolio-Institutional Class	3		65	%
DFA International Small Cap Value Portfolio-Institutional Class	4		73	%
International Vector Equity Portfolio-Institutional Class	3		79	%
International High Relative Profitability Portfolio-Institutional Class	3		88	%
World ex U.S. Value Portfolio-Institutional Class	7		88	%
World ex U.S. Core Equity Portfolio-Institutional Class	3		73	%
World Core Equity Portfolio-Institutional Class	5		80	%
Selectively Hedged Global Equity Portfolio-Institutional Class	3		95	%
Emerging Markets Portfolio-Institutional Class	3		59	%
Emerging Markets Small Cap Portfolio-Institutional Class	5		60	%
Emerging Markets Value Portfolio-Class R2	2		94	%
Emerging Markets Value Portfolio-Institutional Class	3		40	%
Emerging Markets Core Equity Portfolio-Institutional Class	3		60	%
Emerging Markets Targeted Value Portfolio-Institutional Class	3		91	%

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

127

that resolving claims against the Portfolios, individually or in aggregate, will not have a material adverse impact on the Portfolios’ financial position, results of operations, or cash flows, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future.

P. Subsequent Event Evaluations:

128

NOTIFICATION OF SOURCE OF DISTRIBUTIONS PURSUANT TO

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


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

129

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

CONTINUED


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

130

DIMENSIONAL INVESTMENT GROUP INC.

DISCLOSURE OF FUND EXPENSES

(Unaudited)

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

Actual Fund Return

Hypothetical Example for Comparison Purposes

131

DISCLOSURE OF FUND EXPENSES

CONTINUED

Six Months Ended April 30, 2020

EXPENSE TABLE


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

(1)

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

132

DIMENSIONAL INVESTMENT GROUP INC.

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

PORTFOLIO HOLDINGS

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

FEEDER FUND


	Affiliated Investment Company
DFA International Value Portfolio		100.0	%

133

DFA INTERNATIONAL VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


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

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES.	$	6,818,747,235

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

See accompanying Notes to Financial Statements.

134

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENT OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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


	DFA
	International
	Value Portfolio
ASSETS:
Investments in Affiliated Investment Company at Value	$	6,818,747
Receivables:
Fund Shares Sold		10,589
Prepaid Expenses and Other Assets		121

Total Assets		6,829,457

LIABILITIES:
Payables:
Fund Shares Redeemed		11,639
Due to Advisor		812
Accrued Expenses and Other Liabilities		584

Total Liabilities		13,035

NET ASSETS.	$	6,816,422

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Class R2 Shares — based on net assets of $1,002 and shares outstanding of 78,238	$	12.81

NUMBER OF SHARES AUTHORIZED		100,000,000

Institutional Class Shares — based on net assets of $6,815,420 and shares outstanding of 530,099,361	$	12.86

NUMBER OF SHARES AUTHORIZED		1,500,000,000

NET ASSETS CONSIST OF:
Paid-In Capital	$	9,012,777
Total Distributable Earnings (Loss)		(2,196,355	)

NET ASSETS	$	6,816,422

See accompanying Notes to Financial Statements.

135

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENT OF OPERATIONS

FOR THE YEAR ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	DFA
	International
	Value Portfolio*
Investment Income
Net Investment Income Allocated from Affiliated Investment Companies:
Dividends (Net of Foreign Taxes Withheld of $12,804)	$	121,362
Income from Securities Lending		1,752
Expenses Allocated from Affiliated Investment Companies		(8,684	)

Total Net Investment Income Allocated and/or Distributions Received from Affiliated Investment Companies		114,430

Fund Expenses
Investment Management Fees		16,150
Accounting & Transfer Agent Fees		607
Shareholder Servicing Fees
Class R2 Shares		2
Filing Fees		120
Shareholders’ Reports		198
Directors’/Trustees’ Fees & Expenses		23
Professional Fees		17
Other		(32	)

Total Fund Expenses		17,085

Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)
Class R2 Shares		(1	)
Institutional Class Shares		(8,367	)

Net Expenses		8,717

Net Investment Income (Loss)		105,713

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Transactions Allocated from Affiliated Investment Company**		(43,113	)
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		(2,268,880	)

Net Realized and Unrealized Gain (Loss)		(2,311,993	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(2,206,280	)

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

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

See accompanying Notes to Financial Statements.

136

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	DFA International Value Portfolio***
	Six Months			Year
	Ended			Ended
	Apr 30,			Oct 31,
	2020			2019
	(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	105,713		$	339,362
Net Realized Gain (Loss) on:
Transactions Allocated from Affiliated Investment Company,*		(43,113	)		(12,764	)
Change in Unrealized Appreciation (Depreciation) of:
Transactions Allocated from Affiliated Investment Company		(2,268,880	)		(37,240	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(2,206,280	)		289,358

Distributions:
Class R2 Shares		(12	)		(83	)
Institutional Class Shares		(99,514	)		(576,705	)

Total Distributions		(99,526	)		(576,788	)

Capital Share Transactions (1):
Shares Issued		1,908,764			2,071,367
Shares Issued in Lieu of Cash Distributions		97,327			562,384
Shares Redeemed		(2,058,532	)		(2,595,094	)

Net Increase (Decrease) from Capital Share Transactions		(52,441	)		38,657

Total Increase (Decrease) in Net Assets		(2,358,247	)		(248,773	)
Net Assets
Beginning of Period		9,174,669			9,423,442

End of Period	$	6,816,422		$	9,174,669

(1) Shares Issued and Redeemed:
Shares Issued		141,833			123,536
Shares Issued in Lieu of Cash Distributions		5,484			34,167
Shares Redeemed		(151,214	)		(154,773	)

Net Increase (Decrease) from Shares Issued and Redeemed		(3,897	)		2,930

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

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

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

See accompanying Notes to Financial Statements.

137

DIMENSIONAL INVESTMENT GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	DFA International Value Portfolio-Class R2 Shares
	Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015
	(Unaudited)
Net Asset Value, Beginning of Period	$	17.13		$	17.68		$	19.89		$	16.27		$	16.93		$	18.48

Income from Investment Operations(A)
Net Investment Income (Loss)		0.18			0.58			0.54			0.55			0.53			0.51
Net Gains (Losses) on Securities (Realized and Unrealized)		(4.32	)		(0.10	)		(2.21	)		3.61			(0.65	)		(1.55	)

Total from Investment Operations		(4.14	)		0.48			(1.67	)		4.16			(0.12	)		(1.04	)

Less Distributions:
Net Investment Income		(0.18	)		(0.51	)		(0.54	)		(0.54	)		(0.54	)		(0.51	)
Net Realized Gains		—			(0.52	)		—			—			—			—

Total Distributions		(0.18	)		(1.03	)		(0.54	)		(0.54	)		(0.54	)		(0.51	)

Net Asset Value, End of Period	$	12.81		$	17.13		$	17.68		$	19.89		$	16.27		$	16.93

Total Return		(24.46	%)(B)		3.13	%		(8.59	%)		25.99	%		(0.43	%)		(5.78	%)

Net Assets, End of Period (thousands)	$	1,002		$	1,191		$	1,477		$	3,508		$	3,308		$	10,404
Ratio of Expenses to Average Net Assets (F)		0.67	%(C)		0.69	%		0.68	%		0.68	%		0.68	%		0.68	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor) (F)		0.87	%(C)		0.89	%		0.88	%		0.88	%		0.88	%		0.73	%
Ratio of Net Investment Income to Average Net Assets		2.39	%(C)		3.43	%		2.72	%		3.07	%		3.4	%		2.81	%

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

See accompanying Notes to Financial Statements.

138

DIMENSIONAL INVESTMENT GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	DFA International Value Portfolio-Institutional Class Shares
	Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015
	(Unaudited)
Net Asset Value, Beginning of Period	$	17.18		$	17.74		$	19.94		$	16.30		$	16.92		$	18.47

Income (loss) from Investment Operations(A)
Net Investment Income (Loss)		0.20			0.63			0.60			0.56			0.55			0.56
Net Gains (Losses) on Securities (Realized and Unrealized)		(4.33	)		(0.11	)		(2.21	)		3.66			(0.63	)		(1.56	)

Total from Investment Operations		(4.13	)		0.52			(1.61	)		4.22			(0.08	)		(1.00	)

Less Distributions:
Net Investment Income		(0.19	)		(0.56	)		(0.59	)		(0.58	)		(0.54	)		(0.55	)
Net Realized Gains		—			(0.52	)		—			—			—			—

Total Distributions		(0.19	)		(1.08	)		(0.59	)		(0.58	)		(0.54	)		(0.55	)

Net Asset Value, End of Period	$	12.86		$	17.18		$	17.74		$	19.94		$	16.30		$	16.92

Total Return		(24.35	%)(B)		3.37	%		(8.32	%)		26.36	%		(0.20	%)		(5.58	%)

Net Assets, End of Period (thousands)	$	6,815,420		$	9,173,478		$	9,421,965		$	9,837,631		$	7,270,665		$	6,795,481
Ratio of Expenses to Average Net Assets (F)		0.42	%(C)		0.44	%		0.43	%		0.43	%		0.43	%		0.43	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly)) (F)		0.62	%(C)		0.64	%		0.63	%		0.63	%		0.63	%		0.49	%
Ratio of Net Investment Income to Average Net Assets		2.53	%(C)		3.70	%		3.01	%		3.12	%		3.51	%		3.10	%

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

See accompanying Notes to Financial Statements.

139

DIMENSIONAL INVESTMENT GROUP INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

A. Organization:

Dimensional Investment Group Inc. (the “Fund”) is an open-end management investment company registered under the Investment Company Act of 1940, whose shares are generally offered to institutional investors, retirement plans and clients of registered investment advisors. The Fund consists of eleven portfolios, one of which, the DFA International Value Portfolio (the “Portfolio”), is presented in this section of the report. The remaining operational portfolios are presented in separate reports. The Portfolio is an investment company, and accordingly, follows the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”), Topic 946, “Financial Services-Investment Companies.”

The Portfolio invests substantially all of its assets in The DFA International Value Series (the “Series”), a corresponding series of The DFA Investment Trust Company. As of April 30, 2020, the Portfolio owned 71% of the Series. The financial statements of the Series are included elsewhere in this report and should be read in conjunction with the financial statements of the Portfolio.

B. Significant Accounting Policies:

1. Security Valuation: The Portfolio uses a fair value hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:

•

Level 1 – inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts)

•

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 – significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)

The Portfolio’s investment reflects its proportionate interests in the net assets of the Series. The valuation is classified as Level 1 in the hierarchy.

Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors of the Fund. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of Dimensional Fund Advisors LP) occur before the net asset value of the Portfolio is calculated. When fair value pricing is used, the prices of securities used by the Portfolio may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

140

3. Other: The Portfolio recognizes its pro-rata share, on a daily basis, of net investment income and realized and unrealized gains and losses of investment securities from the Series, which is treated as a partnership for federal income tax purposes. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of investments or as a realized gain, respectively. The Portfolio estimates the character of received distributions that may be considered return of capital distributions. Expenses directly attributable to the Portfolio are directly charged. Common expenses of the Fund or the Portfolio are allocated using methods approved by the Board of Directors, generally based on average net assets.

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

C. Investment Advisor:


DFA International Value Portfolio			0.39	%*

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

Pursuant to an Amended and Restated Fee Waiver and/or Expense Assumption Agreement (the “Fee Waiver Agreement”), the Advisor has contractually agreed to waive certain fees, and in certain instances, assume certain expenses of the Portfolio, as described in the notes below. A portion of the Fee Waiver Agreement for the Portfolio will remain in effect through February 28, 2021, may only be terminated by the Fund’s Board of Directors prior to that date and shall continue in effect from year to year thereafter unless terminated by the Fund or the Advisor. The Fee Waiver Agreement with respect to the total management fees paid by the Portfolio, as described in the notes below, will remain in effect permanently, unless terminated by the Portfolio. During the six months ended April 30, 2020, the Portfolio had expense limits based on a percentage of average net assets on an annualized basis, and the Advisor recovered previously waived fees and/or assumed expenses (amounts in thousands), as listed below. The net amount of waived fees/expenses assumed (recovered previously waived fees/expenses assumed) during the six months ended April 30, 2020, and the previously waived fees/expenses assumed subject to future recovery by the

141

Advisor as of April 30, 2020, are also reflected below (amounts in thousands). At any time that the Annualized Expense Ratio (defined below) of the Class R2 shares of the Portfolio are less than the Expense Limitation Amount listed below, the Advisor retains the right to recover fees previously waived and/or expenses previously assumed to the extent that the expense ratio following such recovery would be less than the Expense Limitation Amount that was in place when such prior year fees were waived and/or expenses assumed, and less than the current Expense Limitation Amount for the Portfolio. The Advisor, however, will not be reimbursed by the Portfolio in connection with its Permanent Fee Waiver. The Fund, on behalf of the Portfolio, is also not obligated to reimburse the Advisor for fees previously waived or expenses previously assumed by the Advisor more than thirty-six months before the date of recovery.


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

Class R2 Shares
DFA International Value Portfolio (2)		0.79	%		0.35	%		—		1		—

(1)

The Advisor has contractually agreed to permanently waive all or a portion of the management fee of the Portfolio to the extent necessary to limit the total management fees paid to the Advisor by the Portfolio, including the proportionate share of the management fees the Portfolio pays indirectly through its investment in other funds managed by the Advisor, except for the fees paid indirectly through its investment of securities lending cash collateral in the DFA Short Term Investment Fund, to the rate listed above as a percentage of the average net assets of the Institutional Class of the Portfolio on an annualized basis.

(2)

Effective February 28, 2020, the Advisor has contractually agreed to permanently waive all or a portion of the management fee of the DFA International Value Portfolio to the extent necessary to limit the total management fees paid to the Advisor by the Portfolio, including the proportionate share of the management fees the Portfolio pays indirectly through its investment in other funds managed by the Advisor, except for the fees paid indirectly through its investment of securities lending cash collateral in The DFA Short Term Investment Fund, to 0.35% of the average net assets of a class of the Portfolio on an annualized basis (the “Permanent Fee Waiver”). From July 21, 2015 to February 27, 2020, the Permanent Fee Waiver Limit was 0.40%. In addition to the Permanent Fee Waiver, the Advisor has contractually agreed (including for the time period prior to July 21, 2015) to assume the direct expenses of Class R2 shares of the Portfolio (excluding management fees and custodian fees), to the extent necessary to limit the annualized expenses of Class R2 shares of the Portfolio (excluding the expenses the Portfolio incurs indirectly through investment in other investment companies) to the rate listed above (the “Annualized Expense Ratio”).

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Directors of the Advisor are also Officers and Directors of the Fund; however, such Officers and Directors (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the six months ended April 30, 2020, the total related amounts paid by the Fund to the CCO were $20 (in thousands). The total related amounts paid by the Portfolio are included in Other Expenses on the Statements of Operations.

D. Deferred Compensation:


DFA International Value Portfolio		$	242

E. Federal Income Taxes:

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

142

Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined under accounting principles generally accepted in the United States of America. These book/tax differences are either temporary or permanent in nature. To the extent that these differences are permanent, they are charged or credited to paid-in capital or distributable earnings, undistributed net investment income, accumulated net realized gains or losses, or unrealized appreciation, as appropriate, in the period that the differences arise. Accordingly, the permanent differences as of October 31, 2019, primarily attributable to net foreign currency gains/losses, foreign capital gains tax reclass and realized gains on securities considered to be “passive foreign investment companies,” were reclassified to the accounts mentioned above. These reclassifications had no effect on net assets or net asset value per share.

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


	Net Investment Income and Short-Term Capital Gains		Long-Term Capital Gains		Tax Exempt Income		Total
DFA International Value Portfolio
2018	$	298,200		—		—	$	298,200
2019		302,955	$	273,833		—		576,788


	Net Investment
	Income and
	Short-Term			Long-Term
	Capital Gains			Capital Gains		Total
DFA International Value Portfolio	$	(2,159	)		—	$	(2,159	)

As of October 31, 2019, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):

Undistributed

Total Net

Net Investment

Distributable

Income and

Undistributed

Unrealized

Earnings

Short-Term

Long-Term

Capital Loss

Appreciation

(Accumulated

Capital Gains

Carryforwards

(Depreciation)

Losses)

DFA International Value Portfolio

63,472

—

(13,753

)

60,237

109,956

For federal income tax purposes, the Fund measures its capital loss carryforwards annually at October 31, its fiscal year end. Capital loss carryforwards may be carried forward and applied against future capital gains. Under the Regulated Investment Company Modernization Act of 2010, capital losses incurred by the Portfolio after October 31, 2011, will not be subject to expiration and will retain their character as either short-term or long-term capital losses. As of October 31, 2019, the Portfolio had the following capital loss carryforwards available to offset future realized capital gains with no expiration date (amounts in thousands):


	Unlimited		Total
DFA International Value Portfolio	$	13,753	$	13,753

143


								Net
								Unrealized
	Federal		Unrealized		Unrealized			Appreciation
	Tax Cost		Appreciation		(Depreciation)			(Depreciation)
DFA International Value Portfolio	$	8,989,067		—	$	(2,130,494	)	$	(2,130,494	)

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

F. Capital Share Transactions:

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


	Six Months Ended						Year Ended
	April 30, 2020						October 31, 2019
	(Unaudited)
	Amount			Shares			Amount			Shares
DFA International Value Portfolio
Class R2 Shares
Shares Issued	$	300			19		$	409			25
Shares Issued in Lieu of Cash Distributions		12			1			83			5
Shares Redeemed		(172	)		(11	)		(766	)		(44	)

Net Increase (Decrease) — Class R2 Shares	$	140			9		$	(274	)		(14	)

Institutional Class Shares
Shares Issued	$	1,908,464			141,814		$	2,070,958			123,511
Shares Issued in Lieu of Cash Distributions		97,315			5,483			562,301			34,162
Shares Redeemed		(2,058,359	)		(151,203	)		(2,594,328	)		(154,729	)

Net Increase (Decrease) — Institutional Class Shares	$	(52,580	)		(3,906	)	$	38,931			2,944

G. Shareholder Servicing Fees:

H. Indemnitees; Contractual Obligations:

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

144

I. Recently Issued Accounting Standards:

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

J. Other:


		Approximate
		Percentage
	Number of	of Outstanding
	Shareholders	Shares
DFA International Value Portfolio-Class R2	5		96	%
DFA International Value Portfolio-Institutional Class	4		73	%

K. Subsequent Event Evaluations:

145

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

146

NOTIFICATION OF SOURCE OF DISTRIBUTIONS PURSUANT TO

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


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

147

THE DFA INVESTMENT TRUST COMPANY

DISCLOSURE OF FUND EXPENSES

(Unaudited)

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

Actual Fund Return

Hypothetical Example for Comparison Purposes

Six Months Ended April 30, 2020

EXPENSE TABLES


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

The Japanese Small Company Series
Actual Fund Return	$	1,000.00	$	861.30		0.12	%	$	0.56
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.27		0.12	%	$	0.60

148

DISCLOSURE OF FUND EXPENSES

CONTINUED


	Beginning Account Value 11/01/19		Ending Account Value 04/30/20		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
The Asia Pacific Small Company Series
Actual Fund Return	$	1,000.00	$	819.90		0.12	%	$	0.54
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.27		0.12	%	$	0.60

The United Kingdom Small Company Series
Actual Fund Return	$	1,000.00	$	789.70		0.11	%	$	0.49
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.32		0.11	%	$	0.55

The Continental Small Company Series
Actual Fund Return	$	1,000.00	$	842.80		0.12	%	$	0.55
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.27		0.12	%	$	0.60

The Canadian Small Company Series
Actual Fund Return	$	1,000.00	$	855.00		0.11	%	$	0.51
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.32		0.11	%	$	0.55

The Emerging Markets Series
Actual Fund Return	$	1,000.00	$	858.80		0.13	%	$	0.60
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.22		0.13	%	$	0.65

The Emerging Markets Small Cap Series
Actual Fund Return	$	1,000.00	$	828.20		0.25	%	$	1.14
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.62		0.25	%	$	1.26

(1)

149

THE DFA INVESTMENT TRUST COMPANY

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

PORTFOLIO HOLDINGS

INTERNATIONAL EQUITY PORTFOLIOS

The DFA International Value Series


Communication Services	4.8	%
Consumer Discretionary	15.7	%
Consumer Staples	4.8	%
Energy	10.7	%
Financials	28.1	%
Health Care	6.2	%
Industrials	10.5	%
Information Technology	1.8	%
Materials	12.8	%
Real Estate	3.4	%
Utilities	1.2	%

	100.0	%

The Japanese Small Company Series


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

	100.0	%

The Asia Pacific Small Company Series


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

	100.0	%

150

DISCLOSURE OF PORTFOLIO HOLDINGS

CONTINUED

The United Kingdom Small Company Series


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

	100.0	%

The Continental Small Company Series


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

	100.0	%

The Canadian Small Company Series


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

	100.0	%

The Emerging Markets Series


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

	100.0	%

The Emerging Markets Small Cap Series


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

	100.0	%

151

THE DFA INTERNATIONAL VALUE SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (92.8%)
AUSTRALIA — (5.6%)
	Australia & New Zealand Banking Group, Ltd.		9,179,102	$	99,707,630		1.0	%
	National Australia Bank, Ltd.		4,868,906		53,350,936		0.6	%
	Westpac Banking Corp.		7,945,749		82,668,708		0.9	%
	Other Securities				321,838,831		3.3	%

TOTAL AUSTRALIA					557,566,105		5.8	%

AUSTRIA — (0.1%)
	Other Security				6,088,524		0.1	%

BELGIUM — (0.9%)
	Other Securities				84,995,171		0.9	%

CANADA — (7.7%)
	Bank of Montreal 063671101		1,441,562		73,375,506		0.8	%
	Bank of Nova Scotia (The)		1,368,157		54,917,822		0.6	%
	Canadian Imperial Bank of Commerce		842,641		49,930,694		0.5	%
#	Canadian Natural Resources, Ltd.		3,262,390		54,677,656		0.6	%
	Magna International, Inc.		1,443,051		56,322,281		0.6	%
	Suncor Energy, Inc.		3,183,710		56,769,061		0.6	%
	Other Securities				426,956,373		4.4	%

TOTAL CANADA					772,949,393		8.1	%

DENMARK — (2.1%)
#	Vestas Wind Systems A.S		774,838		66,537,760		0.7	%
	Other Securities				142,012,223		1.5	%

TOTAL DENMARK					208,549,983		2.2	%

FINLAND — (0.9%)
	Other Securities				85,583,544		0.9	%

FRANCE — (8.8%)
	BNP Paribas SA		1,990,380		62,530,419		0.7	%
	Cie de Saint-Gobain		2,069,157		55,055,938		0.6	%
	Cie Generale des Etablissements Michelin SCA		664,554		64,209,891		0.7	%
	Orange SA		5,978,647		72,634,782		0.8	%
	Total SA		6,874,996		244,009,922		2.5	%
	Other Securities				375,135,209		3.8	%

TOTAL FRANCE					873,576,161		9.1	%

GERMANY — (6.8%)
	Allianz SE		350,466		64,496,698		0.7	%
	BASF SE		1,039,248		53,185,040		0.6	%
	Bayer AG		1,817,305		119,522,979		1.2	%
	Bayerische Motoren Werke AG		1,225,665		72,099,959		0.8	%
#	Daimler AG		3,530,733		120,761,609		1.3	%
	Volkswagen AG		125,075		18,491,559		0.2	%
	Other Securities				226,300,329		2.2	%

TOTAL GERMANY					674,858,173		7.0	%

152

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED


							Percentage
			Shares		Value»		of Net Assets‡
HONG KONG — (3.2%)
		CK Hutchison Holdings, Ltd.		7,657,984	$	56,762,284		0.6	%
#		Sun Hung Kai Properties, Ltd.		4,291,920		58,686,958		0.6	%
		Other Securities				206,031,288		2.1	%

TOTAL HONG KONG						321,480,530		3.3	%

IRELAND — (0.3%)
		Other Securities				32,939,762		0.3	%

ISRAEL — (0.5%)
		Other Securities				45,252,599		0.5	%

ITALY — (1.7%)
		Other Securities				170,062,221		1.8	%

JAPAN — (22.2%)
		Hitachi, Ltd.		1,579,000		46,863,810		0.5	%
		Honda Motor Co., Ltd.		4,590,300		111,471,566		1.2	%
		Honda Motor Co., Ltd., Sponsored ADR		26,040		626,262		0.0	%
		Mitsubishi UFJ Financial Group, Inc.		11,934,650		48,215,983		0.5	%
		SoftBank Group Corp.		1,267,900		54,345,491		0.6	%
		Sumitomo Mitsui Financial Group, Inc.		2,857,600		75,146,958		0.8	%
		Toyota Motor Corp.		3,715,890		229,741,821		2.4	%
#		Toyota Motor Corp., Sponsored ADR		208,099		25,718,955		0.3	%
		Other Securities				1,625,501,892		16.8	%

TOTAL JAPAN						2,217,632,738		23.1	%
	��
NETHERLANDS — (3.8%)
		Koninklijke Ahold Delhaize NV		5,195,538		126,149,408		1.3	%
		Koninklijke DSM NV		645,359		79,096,395		0.8	%
		Other Securities				169,967,861		1.8	%

TOTAL NETHERLANDS						375,213,664		3.9	%

NEW ZEALAND — (0.2%)
		Other Securities				18,352,417		0.2	%

NORWAY — (0.8%)
		Other Securities				82,510,483		0.9	%

PORTUGAL — (0.1%)
		Other Securities				6,634,738		0.1	%

SINGAPORE — (1.0%)
		Other Securities				104,375,040		1.1	%

SPAIN — (1.6%)
#		Banco Santander SA		49,743,328		111,145,839		1.2	%
		Other Securities				51,363,564		0.5	%

TOTAL SPAIN						162,509,403		1.7	%

SWEDEN — (2.5%)
		Other Securities				253,667,005		2.6	%

153

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED


						Percentage
		Shares		Value»		of Net Assets‡
SWITZERLAND — (9.9%)
#	ABB, Ltd.		3,432,303	$	65,152,902		0.7	%
#	Cie Financiere Richemont SA		1,165,784		66,138,927		0.7	%
	Lonza Group AG		216,456		94,518,883		1.0	%
	Novartis AG		1,892,838		161,531,867		1.7	%
	Novartis AG, Sponsored ADR		404,674		34,288,028		0.4	%
	UBS Group AG		6,275,625		67,196,220		0.7	%
	Zurich Insurance Group AG		445,436		141,227,411		1.5	%
	Other Securities				360,792,374		3.6	%

TOTAL SWITZERLAND					990,846,612		10.3	%

UNITED KINGDOM — (12.1%)
	Anglo American P.L.C		2,969,516		52,812,987		0.6	%
	Aviva P.L.C		16,319,347		49,351,778		0.5	%
#	BP P.L.C., Sponsored ADR		4,082,613		97,166,189		1.0	%
	British American Tobacco P.L.C		3,024,009		116,558,048		1.2	%
#	British American Tobacco P.L.C., Sponsored ADR		838,885		32,003,463		0.3	%
	Glencore P.L.C		26,692,936		50,007,591		0.5	%
	HSBC Holdings P.L.C		13,949,143		71,697,993		0.7	%
#	HSBC Holdings P.L.C., Sponsored ADR		2,590,482		66,653,102		0.7	%
	Lloyds Banking Group P.L.C		181,694,609		73,515,093		0.8	%
	Royal Dutch Shell P.L.C., Class A		136,125		2,241,196		0.0	%
	Royal Dutch Shell P.L.C., Class B		141,340		2,262,661		0.0	%
#	Royal Dutch Shell P.L.C., Sponsored ADR, Class A		3,293,873		109,126,000		1.1	%
	Royal Dutch Shell P.L.C., Sponsored ADR, Class B		3,809,546		121,791,186		1.3	%
	Vodafone Group P.L.C		58,351,986		82,315,615		0.9	%
#	Vodafone Group P.L.C., Sponsored ADR		4,011,201		56,718,386		0.6	%
	Other Securities				220,417,832		2.3	%

TOTAL UNITED KINGDOM					1,204,639,120		12.5	%

UNITED STATES — (0.0%)
	Other Securities				4,935,255		0.0	%

TOTAL COMMON STOCKS					9,255,218,641		96.4	%

PREFERRED STOCKS — (1.2%)
GERMANY — (1.2%)
	Volkswagen AG		701,336		97,577,684		1.0	%
	Other Securities				23,667,692		0.3	%

TOTAL GERMANY					121,245,376		1.3	%

TOTAL INVESTMENT SECURITIES (Cost $12,176,939,773)					9,376,464,017


				Value†
SECURITIES LENDING COLLATERAL — (6.0%)
@§	The DFA Short Term Investment Fund		51,443,536		595,253,156		6.2	%

TOTAL INVESTMENTS—(100.0%) (Cost $12,772,010,330)				$	9,971,717,173		103.9	%

154

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

As of April 30, 2020, The DFA International Value Series had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500®Emini Index		843		06/19/20	$	110,079,331	$	122,336,160	$	12,256,829

Total Futures Contracts					$	110,079,331	$	122,336,160	$	12,256,829

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	17,488,877	$	540,077,228		—	$	557,566,105
Austria		—		6,088,524		—		6,088,524
Belgium		—		84,995,171		—		84,995,171
Canada		772,949,393		—		—		772,949,393
Denmark		—		208,549,983		—		208,549,983
Finland		—		85,583,544		—		85,583,544
France		—		873,576,161		—		873,576,161
Germany		12,443,228		662,414,945		—		674,858,173
Hong Kong		—		321,480,530		—		321,480,530
Ireland		9,952,853		22,986,909		—		32,939,762
Israel		9,667,343		35,585,256		—		45,252,599
Italy		22,678,802		147,383,419		—		170,062,221
Japan		48,568,329		2,169,064,409		—		2,217,632,738
Netherlands		15,006,624		360,207,040		—		375,213,664
New Zealand		—		18,352,417		—		18,352,417
Norway		—		82,510,483		—		82,510,483
Portugal		—		6,634,738		—		6,634,738
Singapore		—		104,375,040		—		104,375,040
Spain		1,870,941		160,638,462		—		162,509,403
Sweden		—		253,667,005		—		253,667,005
Switzerland		60,418,836		930,427,776		—		990,846,612
United Kingdom		540,160,470		664,478,650		—		1,204,639,120
United States		4,935,255		—		—		4,935,255
Preferred Stocks
Germany		—		121,245,376		—		121,245,376
Securities Lending Collateral		—		595,253,156		—		595,253,156
Futures Contracts**		12,256,829		—		—		12,256,829

TOTAL	$	1,528,397,780	$	8,455,576,222		—	$	9,983,974,002

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

See accompanying Notes to Financial Statements.

155

THE JAPANESE SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (97.5%)
COMMUNICATION SERVICES — (2.7%)
	Internet Initiative Japan, Inc.		194,900	$	6,661,992		0.2	%
	Other Securities				76,365,988		2.6	%

TOTAL COMMUNICATION SERVICES					83,027,980		2.8	%

CONSUMER DISCRETIONARY — (16.5%)
	DCM Holdings Co., Ltd.		713,300		6,969,748		0.2	%
	Keihin Corp.		340,100		8,112,526		0.3	%
	Nissin Kogyo Co., Ltd.		316,900		6,575,092		0.2	%
	Showa Corp.		399,000		8,384,143		0.3	%
	Other Securities				468,135,642		15.6	%

TOTAL CONSUMER DISCRETIONARY					498,177,151		16.6	%

CONSUMER STAPLES — (7.9%)
	cocokara fine, Inc.		147,860		6,973,253		0.2	%
	Milbon Co., Ltd.		154,752		6,792,295		0.2	%
	Morinaga Milk Industry Co., Ltd.		247,900		9,608,114		0.3	%
#	Nippon Suisan Kaisha, Ltd.		1,703,900		7,581,437		0.3	%
	Other Securities				209,498,962		7.0	%

TOTAL CONSUMER STAPLES					240,454,061		8.0	%

ENERGY — (1.2%)
	Iwatani Corp.		272,400		9,305,776		0.3	%
	Other Securities				28,172,624		0.9	%

TOTAL ENERGY					37,478,400		1.2	%

FINANCIALS — (8.5%)
	Fuyo General Lease Co., Ltd.		143,700		7,184,894		0.2	%
	Hokuhoku Financial Group, Inc.		920,400		7,478,464		0.3	%
	Jafco Co., Ltd.		239,900		7,684,945		0.3	%
	Kiyo Bank, Ltd. (The)		475,390		7,024,690		0.2	%
	Shiga Bank, Ltd. (The)		331,300		7,803,181		0.3	%
	Other Securities				220,832,533		7.3	%

TOTAL FINANCIALS					258,008,707		8.6	%

HEALTH CARE — (4.9%)
	Jeol, Ltd.		266,300		7,873,941		0.3	%
	Menicon Co., Ltd.		179,200		7,777,278		0.3	%
	Miraca Holdings, Inc.		435,200		10,897,202		0.4	%
	Other Securities				121,964,737		3.9	%

TOTAL HEALTH CARE					148,513,158		4.9	%

INDUSTRIALS — (29.0%)
#	DMG Mori Co., Ltd.		670,800		6,858,714		0.2	%
	Duskin Co., Ltd.		331,300		8,561,147		0.3	%
#	Fuji Corp.		477,000		7,986,546		0.3	%
	Furukawa Electric Co., Ltd.		394,400		7,423,638		0.3	%
	Hazama Ando Corp.		1,473,200		9,174,712		0.3	%

156

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
INDUSTRIALS — (Continued)
	Inaba Denki Sangyo Co., Ltd.		390,200	$	8,254,948		0.3	%
#	Maeda Corp.		930,800		7,466,234		0.3	%
	Meitec Corp.		204,100		9,011,874		0.3	%
	Mirait Holdings Corp.		581,635		7,513,430		0.3	%
	Nichias Corp.		453,400		9,013,564		0.3	%
	Nikkon Holdings Co., Ltd.		385,300		7,481,555		0.3	%
#	Nishimatsu Construction Co., Ltd.		398,600		7,547,806		0.3	%
	Nisshinbo Holdings, Inc.		990,480		6,905,893		0.2	%
	Penta-Ocean Construction Co., Ltd.		1,716,400		8,671,050		0.3	%
	Senko Group Holdings Co., Ltd.		852,800		6,950,191		0.2	%
	TOKAI Holdings Corp.		738,800		6,677,294		0.2	%
	Ushio, Inc.		949,300		10,010,046		0.3	%
	Other Securities				742,773,967		24.5	%

TOTAL INDUSTRIALS					878,282,609		29.2	%

INFORMATION TECHNOLOGY — (12.9%)
	Daiwabo Holdings Co., Ltd.		131,300		8,088,734		0.3	%
	Japan Material Co., Ltd.		451,000		6,528,790		0.2	%
	NSD Co., Ltd.		559,460		7,922,113		0.3	%
	Shinko Electric Industries Co., Ltd.		535,400		6,682,951		0.2	%
	Systena Corp.		531,900		7,477,765		0.3	%
	Tokyo Seimitsu Co., Ltd.		291,800		9,438,815		0.3	%
	Topcon Corp.		815,500		6,695,940		0.2	%
	Other Securities				337,603,777		11.2	%

TOTAL INFORMATION TECHNOLOGY					390,438,885		13.0	%

MATERIALS — (10.5%)
	ADEKA Corp.		654,200		8,214,890		0.3	%
	Mitsui Mining & Smelting Co., Ltd.		451,000		8,414,400		0.3	%
	Nippon Light Metal Holdings Co., Ltd.		4,269,500		6,724,107		0.2	%
#	Sumitomo Osaka Cement Co., Ltd.		265,199		8,629,840		0.3	%
	Toagosei Co., Ltd.		822,800		7,528,080		0.3	%
	Tokuyama Corp.		414,298		8,741,684		0.3	%
	Toyobo Co., Ltd.		667,400		7,774,416		0.3	%
	Other Securities				261,018,996		8.6	%

TOTAL MATERIALS					317,046,413		10.6	%

REAL ESTATE — (1.8%)
	Other Securities				54,907,333		1.8	%

UTILITIES — (1.6%)
	Nippon Gas Co., Ltd.		210,300		6,935,460		0.2	%
	Other Securities				40,828,989		1.4	%

TOTAL UTILITIES					47,764,449		1.6	%

TOTAL COMMON STOCKS (Cost $3,087,490,509)					2,954,099,146		98.3	%

157

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
SECURITIES LENDING COLLATERAL — (2.5%)
@§	The DFA Short Term Investment Fund		6,480,173	$	74,982,086		2.5	%

TOTAL INVESTMENTS—(100.0%) (Cost $3,162,447,932)				$	3,029,081,232		100.8	%

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services		—	$	83,027,980		—	$	83,027,980
Consumer Discretionary	$	1,214,652		496,962,499		—		498,177,151
Consumer Staples		—		240,454,061		—		240,454,061
Energy		—		37,478,400		—		37,478,400
Financials		—		258,008,707		—		258,008,707
Health Care		—		148,513,158		—		148,513,158
Industrials		—		878,282,609		—		878,282,609
Information Technology		—		390,438,885		—		390,438,885
Materials		—		317,046,413		—		317,046,413
Real Estate		310,528		54,596,805		—		54,907,333
Utilities		—		47,764,449		—		47,764,449
Securities Lending Collateral		—		74,982,086		—		74,982,086

TOTAL	$	1,525,180	$	3,027,556,052		—	$	3,029,081,232

See accompanying Notes to Financial Statements.

158

THE ASIA PACIFIC SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


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

TOTAL AUSTRALIA					673,090,641		52.2	%

CHINA — (1.0%)
	Other Securities				13,652,716		1.1	%

HONG KONG — (24.0%)
#	HKBN, Ltd.		4,262,500		7,340,509		0.6	%
	Luk Fook Holdings International, Ltd.		3,902,000		8,355,100		0.7	%
	Man Wah Holdings, Ltd.		15,887,200		9,123,702		0.7	%
#	United Laboratories International Holdings, Ltd. (The)		7,996,000		6,906,713		0.5	%
	VTech Holdings, Ltd.		1,438,200		10,844,019		0.9	%
	Other Securities				275,903,379		21.3	%

TOTAL HONG KONG					318,473,422		24.7	%

JAPAN — (0.1%)
	Other Security				545,684		0.1	%

159

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
NEW ZEALAND — (6.1%)
	Chorus, Ltd.		3,219,258	$	14,048,975		1.1	%
	Infratil, Ltd.		4,079,957		11,423,845		0.9	%
	Mainfreight, Ltd.		338,941		7,521,649		0.6	%
	SKYCITY Entertainment Group, Ltd.		4,624,657		7,463,752		0.6	%
	Other Securities				40,759,812		3.1	%

TOTAL NEW ZEALAND					81,218,033		6.3	%

SINGAPORE — (14.5%)
#	IGG, Inc.		10,817,000		6,877,494		0.5	%
	Keppel Infrastructure Trust		19,465,946		6,816,898		0.5	%
#	Sembcorp Industries, Ltd.		7,106,600		8,141,362		0.6	%
#	Singapore Post, Ltd.		13,246,100		6,825,628		0.5	%
#	Singapore Press Holdings, Ltd.		7,633,400		8,197,145		0.6	%
	StarHub, Ltd.		7,155,500		7,538,071		0.6	%
	Venture Corp., Ltd.		971,100		10,852,703		0.8	%
	Yangzijiang Shipbuilding Holdings Ltd.		20,062,000		13,911,602		1.1	%
	Other Securities				123,301,671		9.7	%

TOTAL SINGAPORE					192,462,574		14.9	%

UNITED STATES — (0.3%)
	Other Securities				3,850,943		0.3	%

TOTAL COMMON STOCKS					1,283,294,013		99.6	%

RIGHTS/WARRANTS — (0.0%)
SINGAPORE — (0.0%)
	Other Securities				2,149		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $1,689,994,287)					1,283,296,162


				Value†
SECURITIES LENDING COLLATERAL — (3.3%)
@§	The DFA Short Term Investment Fund		3,817,980		44,177,849		3.4	%

TOTAL INVESTMENTS—(100.0%) (Cost $1,734,164,083)				$	1,327,474,011		103.0	%

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	5,101,787	$	667,988,854		—	$	673,090,641
China		—		13,652,716		—		13,652,716
Hong Kong		55,118		318,418,304		—		318,473,422
Japan		—		545,684		—		545,684
New Zealand		—		81,218,033		—		81,218,033
Singapore		—		192,462,574		—		192,462,574
United States		92,544		3,758,399		—		3,850,943
Rights/Warrants
Singapore		—		2,149		—		2,149
Securities Lending Collateral		—		44,177,849		—		44,177,849

TOTAL	$	5,249,449	$	1,322,224,562		—	$	1,327,474,011

See accompanying Notes to Financial Statements.

160

THE UNITED KINGDOM SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (97.7%)
COMMUNICATION SERVICES — (2.4%)
	Other Securities			$	37,034,154		2.5	%

CONSUMER DISCRETIONARY — (19.1%)
	B&M European Value Retail SA		3,874,468		16,202,811		1.1	%
	Bellway P.L.C		533,292		17,844,656		1.2	%
*	Boohoo Group P.L.C		4,032,544		16,385,934		1.1	%
	Countryside Properties P.L.C		2,676,835		13,637,915		0.9	%
	Domino’s Pizza Group P.L.C		3,598,386		15,593,195		1.0	%
	Games Workshop Group P.L.C		205,563		15,557,948		1.0	%
	Greggs P.L.C		617,131		14,194,734		0.9	%
	Inchcape P.L.C		2,472,981		15,577,529		1.0	%
	Moneysupermarket.com Group P.L.C		3,466,544		13,811,687		0.9	%
	Vistry Group P.L.C		1,402,614		14,244,330		0.9	%
	WH Smith P.L.C		704,933		11,127,102		0.7	%
	Other Securities				131,211,005		8.8	%

TOTAL CONSUMER DISCRETIONARY					295,388,846		19.5	%

CONSUMER STAPLES — (6.4%)
	Britvic P.L.C		1,585,438		14,593,509		1.0	%
	Cranswick P.L.C		379,748		17,762,216		1.2	%
	Fevertree Drinks P.L.C		610,255		13,319,554		0.9	%
	Tate & Lyle P.L.C		2,642,463		23,677,422		1.6	%
	Other Securities				29,949,151		1.8	%

TOTAL CONSUMER STAPLES					99,301,852		6.5	%

ENERGY — (2.2%)
	Other Securities				33,585,658		2.2	%

FINANCIALS �� (14.9%)
	Beazley P.L.C		2,964,842		14,659,781		1.0	%
	Close Brothers Group P.L.C		1,010,082		13,851,255		0.9	%
	IG Group Holdings P.L.C		2,614,873		24,784,386		1.6	%
	Intermediate Capital Group P.L.C		1,179,480		16,685,857		1.1	%
	Man Group P.L.C		10,433,201		17,479,855		1.2	%
	Quilter P.L.C		10,292,590		15,918,055		1.1	%
	TP ICAP P.L.C		3,733,089		15,937,371		1.1	%
	Other Securities				110,858,821		7.2	%

TOTAL FINANCIALS					230,175,381		15.2	%

HEALTH CARE — (3.4%)
	ConvaTec Group P.L.C		4,782,680		12,774,170		0.8	%
	Other Securities				40,894,149		2.7	%

TOTAL HEALTH CARE					53,668,319		3.5	%

INDUSTRIALS — (27.1%)
	Babcock International Group P.L.C		3,043,024		16,117,879		1.1	%
	Balfour Beatty P.L.C		4,805,553		15,640,645		1.0	%
	Diploma P.L.C		780,435		16,915,682		1.1	%
	G4S P.L.C		9,287,044		12,749,084		0.8	%

161

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
INDUSTRIALS — (Continued)
	Grafton Group P.L.C		1,587,551	$	12,667,710		0.8	%
	Hays P.L.C		9,080,700		12,371,760		0.8	%
	HomeServe P.L.C		959,826		13,444,910		0.9	%
	Howden Joinery Group P.L.C		3,370,761		22,227,495		1.5	%
	IMI P.L.C		1,745,630		18,151,194		1.2	%
	John Laing Group P.L.C		2,506,978		11,501,156		0.8	%
	QinetiQ Group P.L.C		3,964,771		15,161,894		1.0	%
	Rotork P.L.C		5,397,898		16,827,519		1.1	%
	Signature Aviation P.L.C		5,602,723		13,759,791		0.9	%
	Travis Perkins P.L.C		1,545,039		20,174,312		1.3	%
	Ultra Electronics Holdings P.L.C		591,619		14,646,810		1.0	%
	Other Securities				186,477,111		12.3	%

TOTAL INDUSTRIALS					418,834,952		27.6	%

INFORMATION TECHNOLOGY — (8.2%)
	Electrocomponents P.L.C		2,748,853		19,967,713		1.3	%
	Softcat P.L.C		810,023		11,502,047		0.8	%
	Spectris P.L.C		704,273		23,748,569		1.6	%
	Spirent Communications P.L.C		4,124,361		12,476,072		0.8	%
	Other Securities				58,928,665		3.8	%

TOTAL INFORMATION TECHNOLOGY					126,623,066		8.3	%

MATERIALS — (6.7%)
	Centamin P.L.C		8,142,932		15,766,130		1.0	%
	Marshalls P.L.C		1,450,097		11,614,043		0.8	%
	Victrex P.L.C		608,813		15,254,389		1.0	%
	Other Securities				60,936,224		4.0	%

TOTAL MATERIALS					103,570,786		6.8	%

REAL ESTATE — (4.7%)
	Grainger P.L.C		4,445,647		14,936,110		1.0	%
#	IWG P.L.C		4,261,590		12,743,575		0.9	%
	Savills P.L.C		1,018,529		12,399,395		0.8	%
	St. Modwen Properties P.L.C		2,718,738		12,599,082		0.8	%
	Other Securities				20,959,282		1.4	%

TOTAL REAL ESTATE					73,637,444		4.9	%

UTILITIES — (2.6%)
	Pennon Group P.L.C		1,702,549		23,443,830		1.5	%
	Other Securities				16,621,887		1.1	%

TOTAL UTILITIES					40,065,717		2.6	%

TOTAL COMMON STOCKS (Cost $1,836,577,231)					1,511,886,175		99.6	%


				Value†
SECURITIES LENDING COLLATERAL — (2.3%)
@§	The DFA Short Term Investment Fund		3,058,453		35,389,358		2.3	%

TOTAL INVESTMENTS—(100.0%) (Cost $1,871,958,338)				$	1,547,275,533		101.9	%

162

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services		—	$	37,034,154		—	$	37,034,154
Consumer Discretionary		—		295,388,846		—		295,388,846
Consumer Staples		—		99,301,852		—		99,301,852
Energy		—		33,585,658		—		33,585,658
Financials		—		230,175,381		—		230,175,381
Health Care		—		53,668,319		—		53,668,319
Industrials		—		418,834,952		—		418,834,952
Information Technology		—		126,623,066		—		126,623,066
Materials		—		103,570,786		—		103,570,786
Real Estate		—		73,637,444		—		73,637,444
Utilities		—		40,065,717		—		40,065,717
Securities Lending Collateral		—		35,389,358		—		35,389,358

TOTAL		—	$	1,547,275,533		—	$	1,547,275,533

See accompanying Notes to Financial Statements.

163

THE CONTINENTAL SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (90.3%)
AUSTRIA — (3.2%)
	Other Securities			$	158,666,494		3.5	%

BELGIUM — (3.6%)
	Ackermans & van Haaren NV		169,457		22,459,429		0.5	%
	Elia Group SA		195,211		22,445,918		0.5	%
	Other Securities				130,163,119		2.9	%

TOTAL BELGIUM					175,068,466		3.9	%

DENMARK — (4.8%)
#	Pandora A.S		509,474		18,116,145		0.4	%
*	Royal Unibrew A.S		347,808		26,908,597		0.6	%
	SimCorp A.S		282,473		26,091,698		0.6	%
#	Topdanmark A.S		467,367		18,866,343		0.4	%
	Other Securities				147,133,168		3.3	%

TOTAL DENMARK					237,115,951		5.3	%

FINLAND — (5.9%)
	Huhtamaki Oyj		689,459		25,733,407		0.6	%
	Kesko Oyj, Class B		1,512,192		24,639,804		0.6	%
	Metso Oyj		667,333		18,514,555		0.4	%
#	Nokian Renkaat Oyj		883,124		18,762,255		0.4	%
	Orion Oyj, Class B		661,199		33,601,033		0.7	%
#	Valmet Oyj		947,069		21,658,579		0.5	%
	Other Securities				146,519,322		3.2	%

TOTAL FINLAND					289,428,955		6.4	%

FRANCE — (9.1%)
	Ingenico Group SA		410,246		51,616,231		1.2	%
	Rexel SA		2,202,448		20,570,368		0.5	%
	Rubis SCA		567,106		25,407,772		0.6	%
	Other Securities				348,314,732		7.6	%

TOTAL FRANCE					445,909,103		9.9	%

GERMANY — (14.3%)
	Bechtle AG		219,385		31,726,910		0.7	%
	CTS Eventim AG & Co. KGaA		416,756		17,325,294		0.4	%
	Freenet AG		1,025,255		19,449,778		0.4	%
	GEA Group AG		879,706		20,187,392		0.5	%
	Gerresheimer AG		254,880		20,270,422		0.5	%
	Grand City Properties SA		809,750		16,933,419		0.4	%
	Lanxess AG		602,345		29,638,624		0.7	%
#*	OSRAM Licht AG		602,174		26,498,333		0.6	%
	Rheinmetall AG		315,288		21,338,429		0.5	%
	TAG Immobilien AG		954,559		20,908,346		0.5	%
	Other Securities				476,571,464		10.4	%

TOTAL GERMANY					700,848,411		15.6	%

164

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
IRELAND — (0.5%)
	Other Securities			$	25,736,870		0.6	%

ISRAEL — (3.3%)
	Other Securities				161,927,098		3.6	%

ITALY — (8.9%)
	Hera SpA		4,939,246		18,283,795		0.4	%
	Italgas SpA		3,480,238		19,499,148		0.4	%
#	Prysmian SpA		1,011,006		19,075,650		0.4	%
#	Unione di Banche Italiane SpA		7,777,728		22,296,206		0.5	%
	Other Securities				359,442,420		8.0	%

TOTAL ITALY					438,597,219		9.7	%

NETHERLANDS — (7.4%)
#	Aalberts NV		720,308		20,283,657		0.5	%
	ASM International NV		322,669		35,674,395		0.8	%
	ASR Nederland NV		873,857		23,418,651		0.5	%
#	BE Semiconductor Industries NV		550,104		22,766,489		0.5	%
	Euronext NV		372,261		31,252,799		0.7	%
#	IMCD NV		357,089		31,532,400		0.7	%
*	Just Eat Takeaway.com NV		187,426		19,265,738		0.4	%
	Other Securities				181,142,411		4.0	%

TOTAL NETHERLANDS					365,336,540		8.1	%

NORWAY — (2.0%)
	Other Securities				98,171,422		2.2	%

PORTUGAL — (0.8%)
	Other Securities				40,514,478		0.9	%

SPAIN — (5.7%)
	Acciona SA		173,951		17,241,106		0.4	%
	Bolsas y Mercados Espanoles SHMSF SA		501,422		18,296,087		0.4	%
	Enagas SA		991,410		23,141,213		0.5	%
	Viscofan SA		280,336		17,966,233		0.4	%
	Other Securities				202,527,633		4.5	%

TOTAL SPAIN					279,172,272		6.2	%

SWEDEN — (7.0%)
	Other Securities				346,399,966		7.7	%

SWITZERLAND — (13.3%)
	Allreal Holding AG		114,189		21,209,678		0.5	%
*	ams AG		1,516,165		19,902,480		0.4	%
	Belimo Holding AG		3,028		20,159,196		0.5	%
	Cembra Money Bank AG		187,433		17,818,848		0.4	%
	Georg Fischer AG		31,555		23,549,456		0.5	%
	Helvetia Holding AG		216,663		19,750,026		0.4	%
	PSP Swiss Property AG		331,480		38,507,157		0.9	%
	Sunrise Communications Group AG		271,523		21,749,410		0.5	%
	VAT Group AG		205,035		33,839,258		0.8	%
	Other Securities				436,600,969		9.6	%

TOTAL SWITZERLAND					653,086,478		14.5	%

165

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
UNITED KINGDOM — (0.5%)
*	Dialog Semiconductor P.L.C		601,965	$	18,904,625		0.4	%
	Other Security				4,026,556		0.1	%

TOTAL UNITED KINGDOM					22,931,181		0.5	%

TOTAL COMMON STOCKS					4,438,910,904		98.6	%

PREFERRED STOCKS — (0.6%)
GERMANY — (0.6%)
	Other Securities				31,562,840		0.7	%

RIGHTS/WARRANTS — (0.0%)
FRANCE — (0.0%)
	Other Security				4,799		0.0	%

NORWAY — (0.0%)
	Other Security				103,927		0.0	%

ISRAEL — (0.0%)
	Other Security				12,464		0.0	%

TOTAL RIGHTS/WARRANTS					121,190		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $4,808,610,615)					4,470,594,934


				Value†
SECURITIES LENDING COLLATERAL — (9.1%)
@§	The DFA Short Term Investment Fund		38,464,244		445,069,770		9.9	%

TOTAL INVESTMENTS—(100.0%) (Cost $5,253,612,807)				$	4,915,664,704		109.2	%

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Austria		—	$	158,666,494		—	$	158,666,494
Belgium	$	1,814,330		173,254,136		—		175,068,466
Denmark		—		237,115,951		—		237,115,951
Finland		—		289,428,955		—		289,428,955
France		—		445,909,103		—		445,909,103
Germany		16,917,414		683,930,997		—		700,848,411
Ireland		—		25,736,870		—		25,736,870
Israel		617,686		161,309,412		—		161,927,098
Italy		—		438,597,219		—		438,597,219
Netherlands		—		365,336,540		—		365,336,540
Norway		196,521		97,974,901		—		98,171,422
Portugal		—		40,514,478		—		40,514,478
Spain		—		279,172,272		—		279,172,272
Sweden		—		346,399,966		—		346,399,966

166

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


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

TOTAL	$	19,545,951	$	4,896,118,753		—	$	4,915,664,704

See accompanying Notes to Financial Statements.

167

THE CANADIAN SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (87.2%)
COMMUNICATION SERVICES — (1.5%)
	Other Securities			$	13,996,737		1.7	%

CONSUMER DISCRETIONARY — (4.6%)
	BRP, Inc.		198,471		5,940,085		0.7	%
#*	Great Canadian Gaming Corp.		428,062		8,337,053		1.0	%
	Other Securities				28,891,733		3.5	%

TOTAL CONSUMER DISCRETIONARY					43,168,871		5.2	%

CONSUMER STAPLES — (4.9%)
#	Jamieson Wellness, Inc.		275,646		6,231,962		0.8	%
#	Premium Brands Holdings Corp.		169,351		10,212,524		1.2	%
	Primo Water Corp. BLKVVX9		860,792		8,812,304		1.1	%
	Other Securities				21,383,086		2.5	%

TOTAL CONSUMER STAPLES					46,639,876		5.6	%

ENERGY — (11.0%)
#	ARC Resources, Ltd.		2,215,726		9,343,950		1.1	%
	Gibson Energy, Inc.		940,791		13,402,698		1.6	%
*	Parex Resources, Inc.		783,991		8,594,923		1.0	%
#	PrairieSky Royalty, Ltd.		939,049		6,867,717		0.8	%
	Tourmaline Oil Corp.		924,973		9,170,320		1.1	%
	Other Securities				56,403,555		7.0	%

TOTAL ENERGY					103,783,163		12.6	%

FINANCIALS — (8.0%)
#	Canadian Western Bank		451,802		7,150,543		0.9	%
	ECN Capital Corp.		2,488,693		7,062,278		0.9	%
	Element Fleet Management Corp.		1,454,521		10,731,657		1.3	%
#	Laurentian Bank of Canada		412,090		9,204,266		1.1	%
	Other Securities				41,783,022		5.0	%

TOTAL FINANCIALS					75,931,766		9.2	%

HEALTH CARE — (1.3%)
	Other Securities				11,805,285		1.4	%

INDUSTRIALS — (11.3%)
#*	ATS Automation Tooling Systems, Inc.		454,823		6,747,437		0.8	%
	Finning International, Inc.		791,189		10,043,687		1.2	%
	Morneau Shepell, Inc.		401,948		9,716,980		1.2	%
#	Richelieu Hardware, Ltd.		361,973		6,875,654		0.8	%
#	Stantec, Inc.		544,655		16,054,596		1.9	%
	TFI International, Inc.		522,189		14,480,761		1.8	%
	Other Securities				43,201,334		5.3	%

TOTAL INDUSTRIALS					107,120,449		13.0	%

INFORMATION TECHNOLOGY — (5.6%)
#*	BlackBerry, Ltd.		1,068,371		4,559,161		0.6	%
#*	BlackBerry, Ltd.		1,509,373		6,460,116		0.8	%

168

THE CANADIAN SMALL COMPANY SERIES

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
INFORMATION TECHNOLOGY — (Continued)
	Enghouse Systems, Ltd.		268,465	$	10,058,156		1.2	%
*	Kinaxis, Inc.		157,530		15,835,050		1.9	%
	Other Securities				16,001,943		1.9	%

TOTAL INFORMATION TECHNOLOGY					52,914,426		6.4	%

MATERIALS — (29.0%)
*	Alacer Gold Corp.		2,084,220		10,690,995		1.3	%
	Alamos Gold, Inc., Class A		2,227,027		17,935,247		2.2	%
	B2Gold Corp.		1,281,810		6,482,950		0.8	%
	Centerra Gold, Inc.		1,540,453		12,317,428		1.5	%
	Dundee Precious Metals, Inc.		1,302,522		6,073,040		0.7	%
*	Eldorado Gold Corp.		700,703		6,680,072		0.8	%
#*	Endeavour Mining Corp.		442,456		7,965,759		1.0	%
*	IAMGOLD Corp.		2,447,564		8,563,265		1.0	%
*	Ivanhoe Mines, Ltd., Class A		3,084,210		6,469,983		0.8	%
	Osisko Gold Royalties, Ltd.		894,514		8,167,879		1.0	%
#	Pan American Silver Corp.		1,105,470		23,507,963		2.8	%
#*	Sandstorm Gold, Ltd.		1,125,794		8,743,010		1.1	%
*	SSR Mining, Inc.		785,205		13,758,504		1.7	%
#	Stella-Jones, Inc.		244,702		6,100,190		0.7	%
*	Torex Gold Resources, Inc.		477,516		6,795,928		0.8	%
*	Wesdome Gold Mines Ltd.		923,729		7,074,213		0.9	%
	West Fraser Timber Co., Ltd.		241,862		6,731,372		0.8	%
	Winpak, Ltd.		190,506		6,343,585		0.8	%
	Yamana Gold, Inc.		3,304,447		15,573,241		1.9	%
	Other Securities				88,262,155		10.5	%

TOTAL MATERIALS					274,236,779		33.1	%

REAL ESTATE — (3.6%)
	Altus Group, Ltd.		261,893		7,907,872		0.9	%
	Colliers International Group, Inc.		165,544		9,085,029		1.1	%
#	Tricon Capital Group, Inc.		1,104,900		6,421,668		0.8	%
	Other Securities				10,792,745		1.3	%

TOTAL REAL ESTATE					34,207,314		4.1	%

UTILITIES — (6.4%)
	Boralex, Inc., Class A		549,954		10,647,840		1.3	%
	Capital Power Corp.		771,649		14,934,605		1.8	%
	Innergex Renewable Energy, Inc.		800,557		10,743,492		1.3	%
	TransAlta Corp. 2901628		1,784,708		10,500,922		1.3	%
#	TransAlta Renewables, Inc.		652,739		7,052,836		0.9	%
	Other Securities				7,036,158		0.8	%
TOTAL UTILITIES					60,915,853		7.4	%

TOTAL COMMON STOCKS					824,720,519		99.7	%

RIGHTS/WARRANTS — (0.1%)
ENERGY — (0.0%)
	Other Security				54		0.0	%

169

THE CANADIAN SMALL COMPANY SERIES

CONTINUED


						Percentage
		Shares		Value»		of Net Assets‡
MATERIALS — (0.1%)
	Other Security			$	900,679		0.1	%

TOTAL RIGHTS/WARRANTS					900,733		0.1	%

TOTAL INVESTMENT SECURITIES (Cost $1,142,670,703)					825,621,252


				Value†
SECURITIES LENDING COLLATERAL — (12.7%)
@§	The DFA Short Term Investment Fund		10,363,134		119,911,823		14.5	%

TOTAL INVESTMENTS—(100.0%) (Cost $1,262,557,300)				$	945,533,075		114.3	%

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	13,996,737		—		—	$	13,996,737
Consumer Discretionary		41,557,408	$	1,611,463		—		43,168,871
Consumer Staples		46,639,876		—		—		46,639,876
Energy		103,782,486		677		—		103,783,163
Financials		75,931,766		—		—		75,931,766
Health Care		11,805,285		—		—		11,805,285
Industrials		107,120,449		—		—		107,120,449
Information Technology		52,914,426		—		—		52,914,426
Materials		274,236,418		361		—		274,236,779
Real Estate		34,207,314		—		—		34,207,314
Utilities		60,915,853		—		—		60,915,853
Rights/Warrants
Energy		—		54		—		54
Materials		—		900,679		—		900,679
Securities Lending Collateral		—		119,911,823		—		119,911,823

TOTAL	$	823,108,018	$	122,425,057		—	$	945,533,075

See accompanying Notes to Financial Statements.

170

THE EMERGING MARKETS SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


						Percentage
		Shares		Value»		of Net Assets‡
COMMON STOCKS — (96.9%)
BRAZIL — (4.2%)
	Vale SA		3,260,013	$	26,893,500		0.5	%
	Other Securities				199,521,427		3.7	%

TOTAL BRAZIL					226,414,927		4.2	%

CHILE — (0.8%)
	Other Securities				43,561,794		0.8	%

CHINA — (29.6%)
*	Alibaba Group Holding, Ltd., Sponsored ADR		820,397		166,269,873		3.1	%
*	Baidu, Inc., Sponsored ADR		251,456		25,379,454		0.5	%
	Bank of China, Ltd., Class H		47,943,181		18,252,100		0.3	%
	China Construction Bank Corp., Class H		76,613,590		61,494,905		1.2	%
	China Merchants Bank Co., Ltd., Class H		3,814,554		18,051,647		0.3	%
#	China Mobile, Ltd., Sponsored ADR		985,751		39,400,467		0.7	%
	China Overseas Land & Investment, Ltd.		8,252,500		30,484,287		0.6	%
#	China Pacific Insurance Group Co., Ltd., Class H		4,381,600		14,496,215		0.3	%
	China Resources Land, Ltd.		5,224,666		21,589,382		0.4	%
	Country Garden Holdings Co., Ltd.		13,960,087		18,083,552		0.3	%
#	Geely Automobile Holdings, Ltd.		9,846,000		15,315,665		0.3	%
	Hengan International Group Co., Ltd.		1,801,500		16,020,639		0.3	%
	Industrial & Commercial Bank of China, Ltd., Class H		51,034,185		34,218,887		0.6	%
	Longfor Group Holdings, Ltd.		2,962,500		15,061,441		0.3	%
	NetEase, Inc., ADR		66,818		23,049,537		0.4	%
	Ping An Insurance Group Co. of China, Ltd., Class H		5,575,000		56,732,640		1.1	%
	Shenzhou International Group Holdings, Ltd.		1,251,200		14,440,889		0.3	%
	Sino Biopharmaceutical, Ltd.		13,413,000		19,550,777		0.4	%
#	Sunac China Holdings, Ltd.		4,813,000		21,529,758		0.4	%
	Tencent Holdings, Ltd.		4,136,100		217,432,430		4.1	%
*	Vipshop Holdings, Ltd., ADR		978,073		15,580,703		0.3	%
	Yum China Holdings, Inc.		404,145		19,584,867		0.4	%
	Other Securities				700,426,910		13.1	%

TOTAL CHINA					1,582,447,025		29.7	%

COLOMBIA — (0.2%)
	Other Securities				13,457,692		0.2	%

CZECH REPUBLIC — (0.1%)
	Other Securities				5,175,884		0.1	%

EGYPT — (0.1%)
	Other Securities				5,721,808		0.1	%

GREECE — (0.3%)
	Other Securities				14,600,465		0.3	%

HUNGARY — (0.4%)
	Other Securities				19,309,144		0.4	%

INDIA — (11.4%)
*	Bharti Airtel, Ltd.		2,109,825		14,375,148		0.3	%

171

THE EMERGING MARKETS SERIES

CONTINUED


						Percentage
		Shares		Value»		of Net Assets‡
INDIA — (Continued)
	HDFC Bank Ltd.		2,767,968	$	36,282,920		0.7	%
	Hindustan Unilever, Ltd.		860,496		25,029,633		0.5	%
	Housing Development Finance Corp., Ltd.		950,283		24,039,098		0.5	%
	Infosys, Ltd.		3,098,099		28,940,119		0.5	%
	Reliance Industries, Ltd.		2,888,961		56,093,472		1.1	%
	Tata Consultancy Services, Ltd.		1,056,733		28,045,010		0.5	%
	Other Securities				394,067,524		7.3	%

TOTAL INDIA					606,872,924		11.4	%

INDONESIA — (2.0%)
	Bank Central Asia Tbk PT		8,034,700		13,917,625		0.3	%
	Other Securities				93,995,339		1.7	%

TOTAL INDONESIA					107,912,964		2.0	%

MALAYSIA — (2.4%)
	Public Bank Bhd		3,656,014		13,894,928		0.3	%
	Other Securities				112,365,395		2.1	%

TOTAL MALAYSIA					126,260,323		2.4	%

MEXICO — (2.5%)
#	America Movil S.A.B. de C.V		42,138,949		25,457,163		0.5	%
#	Wal-Mart de Mexico S.A.B. de C.V		5,908,041		14,259,605		0.3	%
	Other Securities				93,426,057		1.7	%

TOTAL MEXICO					133,142,825		2.5	%

PERU — (0.2%)
	Other Securities				9,106,694		0.2	%

PHILIPPINES — (1.1%)
	Other Securities				57,478,880		1.1	%

POLAND — (1.0%)
	Other Securities				53,217,670		1.0	%

QATAR — (0.0%)
	Other Securities				449,578		0.0	%

RUSSIA — (1.6%)
	Lukoil PJSC, Sponsored ADR		240,181		15,668,865		0.3	%
	Other Securities				67,591,584		1.3	%

TOTAL RUSSIA					83,260,449		1.6	%

SAUDI ARABIA — (0.1%)
	Other Securities				4,263,526		0.1	%

SOUTH AFRICA — (4.8%)
	AngloGold Ashanti, Ltd., Sponsored ADR		1,137,975		27,755,210		0.5	%
	Gold Fields, Ltd., Sponsored ADR		3,335,761		24,484,486		0.5	%
	Naspers, Ltd., Class N		236,845		36,864,544		0.7	%
	Other Securities				168,712,643		3.1	%

TOTAL SOUTH AFRICA					257,816,883		4.8	%

172

THE EMERGING MARKETS SERIES

CONTINUED


					Percentage
	Shares		Value»		of Net Assets‡
SOUTH KOREA — (14.1%)
LG Electronics, Inc.		320,927	$	14,443,342		0.3	%
NAVER Corp.		89,419		14,497,553		0.3	%
Samsung Electronics Co., Ltd.		4,912,950		202,008,351		3.8	%
Samsung Electronics Co., Ltd. US7960508882, GDR		49,401		51,333,104		1.0	%
SK Hynix, Inc.		683,251		47,019,660		0.9	%
Other Securities				425,498,339		7.9	%

TOTAL SOUTH KOREA				754,800,349		14.2	%

TAIWAN — (16.5%)
ASE Technology Holding Co., Ltd.		7,079,782		15,771,711		0.3	%
China Steel Corp.		20,917,932		14,010,136		0.3	%
E.Sun Financial Holding Co., Ltd.		16,099,057		14,627,445		0.3	%
Hon Hai Precision Industry Co., Ltd.		8,462,322		21,747,882		0.4	%
Taiwan Semiconductor Manufacturing Co., Ltd.		21,917,808		221,102,370		4.1	%
Taiwan Semiconductor Manufacturing Co., Ltd., Sponsored ADR		1,261,386		67,017,438		1.3	%
Other Securities				525,986,054		9.8	%

TOTAL TAIWAN				880,263,036		16.5	%

THAILAND — (2.8%)
Other Securities				151,995,708		2.8	%

TURKEY — (0.7%)
Other Securities				35,548,892		0.7	%

UNITED ARAB EMIRATES — (0.0%)
Other Securities				538,410		0.0	%

TOTAL COMMON STOCKS				5,173,617,850		97.1	%

PREFERRED STOCKS — (1.0%)
BRAZIL — (1.0%)
Itau Unibanco Holding SA		4,059,008		16,996,196		0.3	%
Other Securities				33,456,607		0.7	%

TOTAL BRAZIL				50,452,803		1.0	%

CHILE — (0.0%)
Other Security				1,029,137		0.0	%

COLOMBIA — (0.0%)
Other Securities				2,305,969		0.0	%

SOUTH KOREA — (0.0%)
Other Securities				351,578		0.0	%

TOTAL PREFERRED STOCKS				54,139,487		1.0	%

RIGHTS/WARRANTS — (0.0%)
SOUTH KOREA — (0.0%)
Other Security				37,214		0.0	%

173

THE EMERGING MARKETS SERIES

CONTINUED


						Percentage
		Shares		Value»		of Net Assets‡
TAIWAN — (0.0%)
	Other Security			$	10,614		0.0	%

TOTAL RIGHTS/WARRANTS					47,828		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $4,216,507,462)					5,227,805,165


				Value†
SECURITIES LENDING COLLATERAL — (2.1%)
@§	The DFA Short Term Investment Fund		9,785,654		113,229,798		2.1	%

TOTAL INVESTMENTS—(100.0%) (Cost $4,329,711,711)				$	5,341,034,963		100.2	%

As of April 30, 2020, The Emerging Markets Series had entered into the following outstanding futures contracts:


								Unrealized
	Number of	Expiration		Notional		Market		Appreciation
Description	Contracts	Date		Value		Value		(Depreciation)
Long Position Contracts:
MSCI Emerging Markets Index	650		06/19/20	$	27,073,892	$	29,441,750	$	2,367,858
S&P 500^®Emini Index	407		06/19/20		52,734,735		59,063,840		6,329,105

Total Futures Contracts				$	79,808,627	$	88,505,590	$	8,696,963

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


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

174

THE EMERGING MARKETS SERIES

CONTINUED


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

TOTAL	$	1,251,257,084	$	4,098,474,842		—	$	5,349,731,926

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

See accompanying Notes to Financial Statements.

175

THE EMERGING MARKETS SMALL CAP SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


						Percentage
		Shares		Value»		of Net Assets‡
COMMON STOCKS — (96.7%)
BRAZIL — (5.6%)
	BR Malls Participacoes SA		5,472,441	$	10,103,773		0.2	%
	Cia de Saneamento do Parana		2,432,521		11,496,311		0.3	%
	Qualicorp Consultoria e Corretora de Seguros SA		2,173,263		10,358,958		0.2	%
	Sul America SA		1,514,414		12,462,541		0.3	%
	Transmissora Alianca de Energia Eletrica SA		2,457,820		12,429,440		0.3	%
	YDUQS Participacoes SA		1,928,102		10,761,120		0.2	%
	Other Securities				202,214,645		4.2	%

TOTAL BRAZIL					269,826,788		5.7	%

CANADA — (0.1%)
	Other Security				4,166,582		0.1	%

CHILE — (1.1%)
	Other Securities				53,305,918		1.1	%

CHINA — (20.2%)
*	3SBio, Inc.		8,281,000		8,395,410		0.2	%
#*	Baozun, Inc., Sponsored ADR		283,293		9,020,049		0.2	%
#	BYD Electronic International Co., Ltd.		4,612,000		10,620,169		0.2	%
	China Aoyuan Group, Ltd.		9,537,000		11,205,310		0.2	%
	China Communications Services Corp., Ltd., Class H		16,766,000		11,951,012		0.3	%
	China Everbright, Ltd.		7,078,000		10,820,658		0.2	%
	China Lesso Group Holdings, Ltd.		7,690,000		11,019,535		0.2	%
	China Medical System Holdings, Ltd.		9,137,500		10,756,396		0.2	%
	China Overseas Property Holdings, Ltd.		10,095,000		11,160,839		0.2	%
#	Chinasoft International, Ltd.		15,438,000		8,101,568		0.2	%
	Far East Horizon, Ltd.		13,038,000		10,554,704		0.2	%
#*	GOME Retail Holdings, Ltd.		77,867,000		9,039,924		0.2	%
	Greentown Service Group Co., Ltd.		7,256,000		9,549,035		0.2	%
*	JOYY, Inc., ADR		133,218		8,120,969		0.2	%
	Kingboard Holdings, Ltd.		5,180,421		12,637,930		0.3	%
#	Kingdee International Software Group Co., Ltd.		14,416,200		20,617,680		0.4	%
	KWG Group Holdings, Ltd.		9,431,950		13,952,626		0.3	%
	Minth Group, Ltd.		5,017,000		12,064,006		0.3	%
#	Nine Dragons Paper Holdings, Ltd.		11,886,000		11,371,602		0.3	%
	Shenzhen International Holdings, Ltd.		7,573,316		14,637,013		0.3	%
*	SINA Corp.		241,982		8,171,732		0.2	%
	Sinotruk Hong Kong, Ltd.		4,226,000		8,568,390		0.2	%
	SSY Group, Ltd.		11,747,152		8,271,578		0.2	%
	Uni-President China Holdings, Ltd.		8,633,000		8,667,000		0.2	%
	Yuexiu Property Co., Ltd.		53,900,284		10,248,034		0.2	%
	Other Securities				697,175,828		14.5	%

TOTAL CHINA					966,698,997		20.3	%

COLOMBIA — (0.2%)
	Other Securities				7,247,813		0.2	%

GREECE — (0.5%)
	Other Securities				23,952,535		0.5	%

176

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


						Percentage
		Shares		Value»		of Net Assets‡
HONG KONG — (0.1%)
	Other Securities			$	2,519,974		0.1	%

HUNGARY — (0.1%)
	Other Securities				5,180,849		0.1	%

INDIA — (11.5%)
	Crompton Greaves Consumer Electricals, Ltd.		2,964,416		8,722,932		0.2	%
	Ipca Laboratories, Ltd.		386,950		8,256,725		0.2	%
	Jubilant Foodworks, Ltd.		499,835		10,779,815		0.2	%
	PI Industries, Ltd.		438,938		9,166,386		0.2	%
	Tata Consumer Products, Ltd.		2,827,902		13,144,417		0.3	%
	Other Securities				500,218,536		10.5	%

TOTAL INDIA					550,288,811		11.6	%

INDONESIA — (1.9%)
	Other Securities				93,031,575		2.0	%

MALAYSIA — (2.6%)
	Other Securities				124,358,674		2.6	%

MEXICO — (2.3%)
	Grupo Aeroportuario del Centro Norte S.A.B. de C.V		2,491,314		9,118,244		0.2	%
	Other Securities				102,732,421		2.2	%

TOTAL MEXICO					111,850,665		2.4	%

PHILIPPINES — (1.2%)
	Other Securities				58,882,936		1.2	%

POLAND — (1.0%)
	Other Securities				46,514,770		1.0	%

QATAR — (0.0%)
	Other Securities				1,069,255		0.0	%

RUSSIA — (0.3%)
	Other Securities				15,304,807		0.3	%

SAUDI ARABIA — (0.1%)
	Other Securities				4,149,187		0.1	%

SOUTH AFRICA — (5.4%)
	Clicks Group, Ltd.		1,489,117		18,548,849		0.4	%
	Gold Fields, Ltd.		1,398,586		10,410,527		0.2	%
	Gold Fields, Ltd., Sponsored ADR		2,024,601		14,860,571		0.3	%
#*	Harmony Gold Mining Co., Ltd., Sponsored ADR		2,323,915		8,412,572		0.2	%
	Impala Platinum Holdings, Ltd.		5,393,781		32,169,881		0.7	%
*	Northam Platinum, Ltd.		2,500,595		12,394,032		0.3	%
*	Sibanye Stillwater, Ltd.		9,471,405		19,294,880		0.4	%
#	SPAR Group, Ltd. (The)		1,170,218		11,154,278		0.2	%
	Other Securities				131,745,759		2.8	%

TOTAL SOUTH AFRICA					258,991,349		5.5	%

SOUTH KOREA — (14.7%)
#	Seegene, Inc.		148,228		11,164,208		0.3	%

177

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


						Percentage
		Shares		Value»		of Net Assets‡
SOUTH KOREA — (Continued)
	Other Securities			$	694,078,159		14.5	%

TOTAL SOUTH KOREA					705,242,367		14.8	%

TAIWAN — (23.3%)
	Chipbond Technology Corp.		4,387,000		8,258,539		0.2	%
#	Epistar Corp.		7,963,000		10,137,948		0.2	%
	King Yuan Electronics Co., Ltd.		6,784,979		8,133,024		0.2	%
	Other Securities				1,091,438,363		22.9	%

TOTAL TAIWAN					1,117,967,874		23.5	%

THAILAND — (3.3%)
	Other Securities				157,545,289		3.3	%

TURKEY — (1.2%)
	Other Securities				57,771,017		1.2	%

UNITED ARAB EMIRATES — (0.0%)
	Other Securities				1,021,772		0.0	%

TOTAL COMMON STOCKS					4,636,889,804		97.6	%

PREFERRED STOCKS — (1.1%)
BRAZIL — (1.1%)
	Cia Paranaense de Energia		878,499		8,788,382		0.2	%
	Other Securities				44,740,521		0.9	%

TOTAL BRAZIL					53,528,903		1.1	%

CHILE — (0.0%)
	Other Security				803,325		0.0	%

COLOMBIA — (0.0%)
	Other Securities				379,389		0.0	%

TOTAL PREFERRED STOCKS					54,711,617		1.1	%

RIGHTS/WARRANTS — (0.0%)
TAIWAN — (0.0%)
	Other Securities				45,673		0.0	%

THAILAND — (0.0%)
	Other Securities				3,405		0.0	%

TOTAL RIGHTS/WARRANTS					49,078		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $5,507,316,874)					4,691,650,499


				Value†
SECURITIES LENDING COLLATERAL — (2.2%)
@§	The DFA Short Term Investment Fund		9,078,365		105,045,762		2.2	%

TOTAL INVESTMENTS—(100.0%) (Cost $5,612,340,232)				$	4,796,696,261		100.9	%

178

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


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

TOTAL	$	787,087,951	$	4,009,608,310		—	$	4,796,696,261

See accompanying Notes to Financial Statements.

179

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


			The Japanese		The Asia		The United
	The DFA		Small		Pacific Small		Kingdom Small
	International		Company		Company		Company
	Value Series*		Series*		Series*		Series*
ASSETS:
Investment Securities at Value (including $637,919, $158,009, $159,324 and $33,367 of securities on loan, respectively)	$	9,376,464	$	2,954,099	$	1,283,296	$	1,511,887
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $595,071, $74,957, $44,170 and $35,381, respectively)		595,253		74,982		44,178		35,389
Segregated Cash for Futures Contracts		10,116		—		—		—
Foreign Currencies at Value		55,205		2,600		3,502		72
Cash		61,426		3,491		24		1,275
Receivables:
Investment Securities Sold		23,162		6,718		595		2,059
Dividends, Interest and Tax Reclaims		74,471		40,679		2,015		5,601
Securities Lending Income		1,009		355		316		59

Total Assets		10,197,106		3,082,924		1,333,926		1,556,342

LIABILITIES:
Payables:
Upon Return of Securities Loaned		595,098		75,011		44,173		35,387
Investment Securities Purchased		1,479		3,489		1,065		1,687
Due to Advisor		1,513		235		98		115
Futures Margin Variation		1,627		—		—		—
Unrealized Loss on Foreign Currency Contracts		28		—		—		—
Accrued Expenses and Other Liabilities		957		306		162		152

Total Liabilities		600,702		79,041		45,498		37,341

NET ASSETS	$	9,596,404	$	3,003,883	$	1,288,428	$	1,519,001

Investment Securities at Cost	$	12,176,940	$	3,087,491	$	1,689,994	$	1,836,577

Foreign Currencies at Cost	$	55,465	$	2,608	$	3,484	$	72

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

See accompanying Notes to Financial Statements.

180

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	The
	Continental			The Canadian
	Small			Small		The Emerging		The Emerging
	Company			Company		Markets		Markets Small
	Series*			Series*		Series*		Cap Series*
ASSETS:
Investment Securities at Value (including $420,797, $144,614, $190,326 and $434,342 of securities on loan, respectively)	$	4,470,595		$	825,621	$	5,227,805	$	4,691,650
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $445,002, $119,887, $113,204 and $105,023, respectively)		445,070			119,912		113,230		105,046
Segregated Cash for Futures Contracts		—			—		8,459		—
Foreign Currencies at Value		9,413			2,554		30,049		24,491
Cash		5,921			171		48,573		19,102
Receivables:
Investment Securities Sold		4,461			7,779		8,698		8,803
Dividends, Interest and Tax Reclaims		15,745			335		7,270		7,809
Securities Lending Income		964			174		367		1,738
Unrealized Gain on Foreign Currency Contracts		13	��		1		75		—

Total Assets		4,952,182			956,547		5,444,526		4,858,639

LIABILITIES:
Payables:
Upon Return of Securities Loaned		445,097			119,891		113,234		104,999
Investment Securities Purchased		6,606			9,005		424		—
Due to Advisor		345			60		415		746
Futures Margin Variation		—			—		1,416		—
Accrued Expenses and Other Liabilities		406			84		1,046		995

Total Liabilities		452,454			129,040		116,535		106,740

NET ASSETS	$	4,499,728		$	827,507	$	5,327,991	$	4,751,899

Investment Securities at Cost	$	4,808,611		$	1,142,671	$	4,216,507	$	5,507,317

Foreign Currencies at Cost	$	9,348		$	2,558	$	30,449	$	24,456

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

See accompanying Notes to Financial Statements.

181

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


				The Japanese			The Asia			The United
	The DFA			Small			Pacific Small			Kingdom Small
	International			Company			Company			Company
	Value Series^#			Series^#			Series^#			Series^#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $17,642, $5,110, $414 and $216, respectively)	$	166,389		$	46,037		$	19,897		$	31,264
Income from Securities Lending		2,415			2,754			2,250			311

Total Investment Income		168,804			48,791			22,147			31,575

Expenses
Investment Management Fees		11,417			1,714			752			1,009
Accounting & Transfer Agent Fees		246			78			39			49
Custodian Fees		369			210			129			45
Shareholders’ Reports		7			7			7			7
Directors’/Trustees’ Fees & Expenses		31			9			4			6
Professional Fees		90			26			12			16
Other		120			40			18			23

Total Expenses		12,280			2,084			961			1,155

Fees Paid Indirectly (Note C)		(435	)		(44	)		(25	)		(11	)

Net Expenses		11,845			2,040			936			1,144

Net Investment Income (Loss)		156,959			46,751			21,211			30,431

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		(127,766	)		(8,018	)		(15,128	)		9,031
Affiliated Investment Companies Shares Sold		(14	)		(13	)		(12	)		(3	)
Futures		5,224			—			1,069			(365	)
Foreign Currency Transactions		(2,418	)		(221	)		(593	)		(381	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(3,012,958	)		(547,683	)		(301,517	)		(476,890	)
Affiliated Investment Companies Shares		150			15			3			5
Futures		11,212			—			—			—
Translation of Foreign Currency-Denominated Amounts		26			307			4			(364	)

Net Realized and Unrealized Gain (Loss)		(3,126,544	)		(555,613	)		(316,174	)		(468,967	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(2,969,585	)	$	(508,862	)	$	(294,963	)	$	(438,536	)

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

182

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	The
	Continental			The Canadian
	Small			Small			The Emerging			The Emerging
	Company			Company			Markets			Markets Small
	Series^#			Series^#			Series^#			Cap Series^#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $5,572, $2,056, $7,104 and $5,498, respectively)	$	34,520		$	11,921		$	52,164		$	49,546
Income from Securities Lending		6,123			1,321			1,881			14,449

Total Investment Income		40,643			13,242			54,045			63,995

Expenses
Investment Management Fees		2,651			527			2,856			5,930
Accounting & Transfer Agent Fees		118			27			127			131
Custodian Fees		305			27			907			1,300
Shareholders’ Reports		7			7			7			7
Directors’/Trustees’ Fees & Expenses		14			3			15			17
Professional Fees		41			8			69			84
Other		52			10			51			67

Total Expenses		3,188			609			4,032			7,536

Fees Paid Indirectly (Note C)		(65	)		(5	)		(227	)		(174	)

Net Expenses		3,123			604			3,805			7,362

Net Investment Income (Loss)		37,520			12,638			50,240			56,633

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		13,539			(98,654	)		(37,247	)		(267,359	)
Affiliated Investment Companies Shares Sold		(41	)		(6	)		(11	)		(6	)
Futures		(109	)		—			(4,089	)		8,176
Foreign Currency Transactions		(158	)		(336	)		(3,493	)		(4,953	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(938,313	)		(98,892	)		(807,082	)		(897,999	)
Affiliated Investment Companies Shares		9			5			6			(2	)
Futures		—			—			8,293			(755	)
Translation of Foreign Currency-Denominated Amounts		3			3			(288	)		(686	)

Net Realized and Unrealized Gain (Loss)		(925,070	)		(197,880	)		(843,911	)		(1,163,584	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(887,550	)	$	(185,242	)	$	(793,671	)	$	(1,106,951	)

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

183

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	The DFA International						The Japanese Small						The Asia Pacific Small
	Value Series						Company Series						Company Series
	Six Months			Year			Six Months			Year			Six Months			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Apr 30,			Oct 31,			Apr 30,			Oct 31,
	2020			2019			2020			2019			2020			2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	156,959		$	472,464		$	46,751		$	81,603		$	21,211		$	68,215
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(127,766	)		(46,440	)		(8,018	)		63,546			(15,128	)		28,597
Affiliated Investment Companies Shares Sold		(14	)		14			(13	)		—			(12	)		3
Futures		5,224			3,070			—			—			1,069			(97	)
Foreign Currency Transactions		(2,418	)		928			(221	)		893			(593	)		(572	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(3,012,958	)		(6,446	)		(547,683	)		2,479			(301,517	)		(10,141	)
Affiliated Investment Companies Shares		150			(10	)		15			10			3			4
Futures		11,212			7,836			—			—			—			—
Translation of Foreign Currency-Denominated Amounts		26			652			307			9			4			16

Net Increase (Decrease) in Net Assets Resulting from Operations		(2,969,585	)		432,068			(508,862	)		148,540			(294,963	)		86,025

Transactions in Interest:
Contributions		838,373			903,879			60,201			105,276			61,804			84,771
Withdrawals		(693,234	)		(1,068,437	)		(295,633	)		(339,736	)		(120,256	)		(259,324	)

Net Increase (Decrease) from Transactions in Interest		145,139			(164,558	)		(235,432	)		(234,460	)		(58,452	)		(174,553	)

Total Increase (Decrease) in Net Assets		(2,824,446	)		267,510			(744,294	)		(85,920	)		(353,415	)		(88,528	)
Net Assets
Beginning of Period		12,420,850			12,153,340			3,748,177			3,834,097			1,641,843			1,730,371

End of Period	$	9,596,404		$	12,420,850		$	3,003,883		$	3,748,177		$	1,288,428		$	1,641,843

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

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

See accompanying Notes to Financial Statements.

184

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	The United Kingdom Small						The Continental Small						The Canadian Small
	Company Series						Company Series						Company Series
	Six Months			Year			Six Months			Year			Six Months			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Apr 30,			Oct 31,			Apr 30,			Oct 31,
	2020			2019			2020			2019			2020			2019
	(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	30,431		$	76,252		$	37,520		$	146,906		$	12,638		$	26,482
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		9,031			45,398			13,539			271,616			(98,654	)		(81,417	)
Affiliated Investment Companies Shares Sold		(3	)		2			(41	)		7			(6	)		(6	)
Futures		(365	)		—			(109	)		—			—			—
Foreign Currency Transactions		(381	)		(1,016	)		(158	)		(101	)		(336	)		172
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(476,890	)		105,943			(938,313	)		20,336			(98,892	)		60,948
Affiliated Investment Companies Shares		5			1			9			46			5			16
Translation of Foreign Currency-Denominated Amounts		(364	)		552			3			63			3			6

Net Increase (Decrease) in Net Assets Resulting from Operations		(438,536	)		227,132			(887,550	)		438,873			(185,242	)		6,201

Transactions in Interest:
Contributions		5,430			92,887			133,628			223,410			1,116			99,460
Withdrawals		(325,344	)		(231,393	)		(353,845	)		(477,048	)		(136,982	)		(103,857	)

Net Increase (Decrease) from Transactions in Interest		(319,914	)		(138,506	)		(220,217	)		(253,638	)		(135,866	)		(4,397	)

Total Increase (Decrease) in Net Assets		(758,450	)		88,626			(1,107,767	)		185,235			(321,108	)		1,804
Net Assets
Beginning of Period		2,277,451			2,188,825			5,607,495			5,422,260			1,148,615			1,146,811

End of Period	$	1,519,001		$	2,277,451		$	4,499,728		$	5,607,495		$	827,507		$	1,148,615

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

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

See accompanying Notes to Financial Statements.

185

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	The Emerging Markets						The Emerging Markets
	Series						Small Cap Series
	Six Months			Year			Six Months			Year
	Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Apr 30,			Oct 31,
	2020			2019			2020			2019
	(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	50,240		$	177,871		$	56,633		$	192,591
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(37,247	)		(58,802	)		(267,359	)		60,673
Affiliated Investment Companies Shares Sold		(11	)		(6	)		(6	)		3
Futures		(4,089	)		1,845			8,176			(614	)
Foreign Currency Transactions		(3,493	)		(438	)		(4,953	)		(2,493	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(807,082	)		502,945			(897,999	)		564,555
Affiliated Investment Companies Shares		6			9			(2	)		19
Futures		8,293			3,110			(755	)		3,854
Translation of Foreign Currency-Denominated Amounts		(288	)		21			(686	)		42

Net Increase (Decrease) in Net Assets Resulting from Operations		(793,671	)		626,555			(1,106,951	)		818,630

Transactions in Interest:
Contributions		975,720			437,177			428,334			324,046
Withdrawals		(888,220	)		(499,219	)		(999,851	)		(1,018,611	)

Net Increase (Decrease) from Transactions in Interest		87,500			(62,042	)		(571,517	)		(694,565	)

Total Increase (Decrease) in Net Assets		(706,171	)		564,513			(1,678,468	)		124,065
Net Assets
Beginning of Period		6,034,162			5,469,649			6,430,367			6,306,302

End of Period	$	5,327,991		$	6,034,162		$	4,751,899		$	6,430,367

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

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

See accompanying Notes to Financial Statements.

186

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	The DFA International Value Series																		The Japanese Small Company Series
	Six Months			Year			Year			Year			Year			Year			Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015			2020			2019			2018			2017			2016			2015
	(Unaudited)																		(Unaudited)
Total Return		(24.27	%)(B)		3.60	%		(8.10	%)		26.53	%		(0.10	%)		(5.35	%)		(13.87	%)(B)		4.47	%		(7.46	%)		27.10	%		14.53	%		9.04	%

Net Assets, End of Period (thousands)	$	9,596,404		$	12,420,850		$	12,153,340		$	12,732,150		$	9,729,540		$	9,227,905		$	3,003,883		$	3,748,177		$	3,834,097		$	3,989,049		$	3,132,594		$	2,631,688
Ratio of Expenses to Average Net Assets		0.21	%(C)		0.21	%		0.22	%		0.22	%		0.22	%		0.22	%		0.12	%(C)		0.12	%		0.12	%		0.13	%		0.13	%		0.13	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.22	%(C)		0.22	%		0.22	%		0.22	%		0.22	%		0.22	%		0.12	%(C)		0.12	%		0.12	%		0.13	%		0.13	%		0.13	%
Ratio of Net Investment Income to Average Net Assets		2.75	%(C)		3.92	%		3.21	%		3.33	%		3.72	%		3.31	%		2.73	%(C)		2.32	%		1.90	%		1.90	%		1.99	%		1.69	%
Portfolio Turnover Rate		4	%(B)		16	%		20	%		17	%		17	%		21	%		4	%(B)		12	%		17	%		13	%		10	%		6	%

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

See accompanying Notes to Financial Statements.

187

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	The Asia Pacific Small Company Series																		The United Kingdom Small Company Series
	Six Months			Year			Year			Year			Year			Year			Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015			2020			2019			2018			2017			2016			2015
	(Unaudited)																		(Unaudited)
Total Return		(18.01	%)(B)		5.27	%		(8.14	%)		16.21	%		16.69	%		(11.83	%)		(21.03	%)(B)		10.67	%		(8.90	%)		29.87	%		(15.82	%)		9.95	%

Net Assets, End of Period (thousands)	$	1,288,428		$	1,641,843		$	1,730,371		$	1,815,705		$	1,555,736		$	1,228,274		$	1,519,001		$	2,277,451		$	2,188,825		$	2,329,912		$	1,683,465		$	2,084,113
Ratio of Expenses to Average Net Assets		0.12	%(C)		0.13	%		0.13	%		0.13	%		0.13	%		0.13	%		0.11	%(C)		0.11	%		0.11	%		0.12	%		0.12	%		0.11	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.13	%(C)		0.13	%		0.13	%		0.13	%		0.13	%		0.13	%		0.11	%(C)		0.12	%		0.11	%		0.12	%		0.12	%		0.11	%
Ratio of Net Investment Income to Average Net Assets		2.82	%(C)		4.11	%		3.96	%		3.82	%		4.00	%		4.17	%		3.02	%(C)		3.43	%		3.23	%		3.40	%		4.36	%		3.44	%
Portfolio Turnover Rate		9	%(B)		18	%		18	%		14	%		10	%		7	%		6	%(B)		18	%		14	%		9	%		15	%		10	%

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

See accompanying Notes to Financial Statements.

188

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	The Continental Small Company Series																		The Canadian Small Company Series
	Six Months			Year			Year			Year			Year			Year			Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015			2020			2019			2018			2017			2016			2015
	(Unaudited)																		(Unaudited)
Total Return		(15.72	%)(B)		8.43	%		(10.78	%)		34.27	%		6.10	%		9.81	%		(14.50	%)(B)		1.00	%		(10.44	%)		12.10	%		20.77	%		(25.00	%)

Net Assets, End of Period (thousands)	$	4,499,728		$	5,607,495		$	5,422,260		$	5,751,059		$	4,147,925		$	3,653,743		$	827,507		$	1,148,615		$	1,146,811		$	1,190,222		$	933,264		$	623,132
Ratio of Expenses to Average Net Assets		0.12	%(C)		0.12	%		0.12	%		0.13	%		0.13	%		0.13	%		0.11	%(C)		0.12	%		0.12	%		0.12	%		0.12	%		0.12	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.12	%(C)		0.13	%		0.12	%		0.13	%		0.13	%		0.13	%		0.12	%(C)		0.12	%		0.12	%		0.12	%		0.12	%		0.12	%
Ratio of Net Investment Income to Average Net Assets		1.42	%(C)		2.74	%		2.51	%		2.33	%		2.49	%		2.44	%		2.40	%(C)		2.37	%		2.11	%		2.14	%		2.52	%		2.73	%
Portfolio Turnover Rate		6	%(B)		17	%		15	%		13	%		9	%		14	%		8	%(B)		12	%		14	%		22	%		8	%		18	%

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

See accompanying Notes to Financial Statements.

189

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	The Emerging Markets Series																		The Emerging Markets Small Cap Series
	Six Months			Year			Year			Year			Year			Year			Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015			2020			2019			2018			2017			2016			2015
	(Unaudited)																		(Unaudited)
Total Return		(14.12	%)(B)		11.40	%		(11.83	%)		25.26	%		11.44	%		(14.86	%)		(17.18	%)(B)		13.47	%		(16.06	%)		21.55	%		14.45	%		(9.42	%)

Net Assets, End of Period (thousands)	$	5,327,991		$	6,034,162		$	5,469,649		$	6,723,207		$	4,997,731		$	4,403,555		$	4,751,899		$	6,430,367		$	6,306,302		$	7,253,457		$	5,515,647		$	4,898,307
Ratio of Expenses to Average Net Assets		0.13	%(C)		0.14	%		0.14	%		0.15	%		0.15	%		0.16	%		0.25	%(C)		0.24	%		0.24	%		0.27	%		0.26	%		0.26	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.14	%(C)		0.15	%		0.14	%		0.15	%		0.15	%		0.16	%		0.25	%(C)		0.25	%		0.24	%		0.27	%		0.26	%		0.27	%
Ratio of Net Investment Income to Average Net Assets		1.76	%(C)		3.04	%		2.40	%		2.23	%		2.45	%		2.39	%		1.91	%(C)		2.90	%		2.77	%		2.78	%		2.89	%		2.62	%
Portfolio Turnover Rate		11	%(B)		9	%		12	%		8	%		5	%		9	%		7	%(B)		12	%		12	%		15	%		18	%		18	%

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

See accompanying Notes to Financial Statements.

190

THE DFA INVESTMENT TRUST COMPANY

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

A. Organization:

The DFA Investment Trust Company (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940, The Trust consists of eleven portfolios, eight of which, The DFA International Value Series, The Japanese Small Company Series, The Asia Pacific Small Company Series, The United Kingdom Small Company Series, The Continental Small Company Series, The Canadian Small Company Series, The Emerging Markets Series and The Emerging Markets Small Cap Series are included in this section of the report (collectively, the “Series”). The remaining operational portfolios are presented in separate reports. The Series are investment companies, and accordingly, follow the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”), Topic 946, “Financial Services-Investment Companies.”

B. Significant Accounting Policies:

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

1. Security Valuation: The Series use a fair value hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:

•

Level 1 – inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts)

•

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 – significant unobservable inputs (including the Series’ own assumptions in determining the fair value of investments)

Securities held by the Series, including over-the-counter securities, are valued at the last quoted sale price of the day. International equity securities are subject to a fair value factor, as described later in this note. Securities held by the Series that are listed on Nasdaq are valued at the Nasdaq Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, the Series value the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.

Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Trustees of the Trust. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of Dimensional Fund Advisors LP) occur before the net asset value of the Series is calculated. When fair value pricing is used, the prices of securities used by the Series may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

191

The Series will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the time that the net asset values of the Series are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the Series price their shares at the close of the NYSE, the Series will fair-value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the Series’ foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Trustees of the Series has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the Series uses data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When a Series uses fair value pricing, the values assigned to the Series’ foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

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

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

The Series do not isolate the effect of foreign currency rate fluctuations when determining the realized gain or loss upon the sale or maturity of foreign currency-denominated debt obligations pursuant to U.S. Federal income tax regulations; such amounts are categorized as foreign exchange gain or loss for income tax reporting purposes.

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

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

192

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

The Emerging Markets Series and The Emerging Markets Small Cap Series are subject to tax on short-term capital gains for investments in India. Such taxes are accrued on a daily basis and due upon sale of individual securities.

C. Investment Advisor:


The DFA International Value Series	0.20	%
The Japanese Small Company Series	0.10	%
The Asia Pacific Small Company Series	0.10	%
The United Kingdom Small Company Series	0.10	%
The Continental Small Company Series	0.10	%
The Canadian Small Company Series	0.10	%
The Emerging Markets Series	0.10	%
The Emerging Markets Small Cap Series	0.20	%

193

Earned Income Credit:

Additionally, the Series have entered into arrangements with their custodian whereby net interest earned on uninvested cash balances was used to reduce a portion of the Series’ custody expenses. Custody expense in the accompanying financial statements is presented before reduction for credits. The impact of such credits is generally less than one basis point of each Series’ net assets. During the six months ended April 30, 2020, expenses reduced were as follows (amounts in thousands):


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

Fees Paid to Officers and Directors/Trustees:

D. Deferred Compensation:

As of April 30, 2020, the total liability for deferred compensation to Trustees is included in Accrued Expenses and Other Liabilities on the Statements of Assets and Liabilities as follows (amounts in thousands):


The DFA International Value Series	$	327
The Japanese Small Company Series		78
The Asia Pacific Small Company Series		41
The United Kingdom Small Company Series		54
The Continental Small Company Series		98
The Canadian Small Company Series		25
The Emerging Markets Series		125
The Emerging Markets Small Cap Series		109

E. Purchases and Sales of Securities:


	Purchases		Sales
The DFA International Value Series	$	734,331	$	454,280
The Japanese Small Company Series	$	129,038	$	329,609
The Asia Pacific Small Company Series	$	127,451	$	144,237
The United Kingdom Small Company Series	$	124,579	$	255,293
The Continental Small Company Series	$	295,333	$	493,309
The Canadian Small Company Series	$	80,740	$	199,376
The Emerging Markets Series	$	720,140	$	618,661
The Emerging Markets Small Cap Series	$	408,498	$	889,850

194

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

For the six months ended April 30, 2020, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.

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


	Balance at October 31, 2019		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales			Change in Unrealized Appreciation/ Depreciation		Balance at April 30, 2020		Shares as of April 30, 2020		Dividend Income			Capital Gain Distributions
The DFA International Value Series
The DFA Short Term Investment Fund	$	257,592	$	2,429,069	$	2,091,544	$	(14	)	$	150	$	595,253		51,444	$	7,873			—

Total	$	257,592	$	2,429,069	$	2,091,544	$	(14	)	$	150	$	595,253		51,444	$	7,873			—

The Japanese Small Company Series
The DFA Short Term Investment Fund	$	91,203	$	238,806	$	255,029	$	(13	)	$	15	$	74,982		6,480	$	1,760			—

Total	$	91,203	$	238,806	$	255,029	$	(13	)	$	15	$	74,982		6,480	$	1,760			—

The Asia Pacific Small Company Series
The DFA Short Term Investment Fund	$	48,848	$	129,829	$	134,490	$	(12	)	$	3	$	44,178		3,818	$	1,437			—

Total	$	48,848	$	129,829	$	134,490	$	(12	)	$	3	$	44,178		3,818	$	1,437			—

The United Kingdom Small Company Series
The DFA Short Term Investment Fund	$	18,814	$	106,006	$	89,433	$	(3	)	$	5	$	35,389		3,058	$	503			—

Total	$	18,814	$	106,006	$	89,433	$	(3	)	$	5	$	35,389		3,058	$	503			—

The Continental Small Company Series
The DFA Short Term Investment Fund	$	514,886	$	612,642	$	682,426	$	(41	)	$	9	$	445,070		38,464	$	9,043			—

Total	$	514,886	$	612,642	$	682,426	$	(41	)	$	9	$	445,070		38,464	$	9,043			—

The Canadian Small Company Series
The DFA Short Term Investment Fund	$	181,292	$	345,239	$	406,618	$	(6	)	$	5	$	119,912		10,363	$	2,840			—
																		��
Total	$	181,292	$	345,239	$	406,618	$	(6	)	$	5	$	119,912		10,363	$	2,840			—

195


	Balance at October 31, 2019		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales			Change in Unrealized Appreciation/ Depreciation			Balance at April 30, 2020		Shares as of April 30, 2020		Dividend Income		Capital Gain Distributions
The Emerging Markets Series
The DFA Short Term Investment Fund	$	133,344	$	352,311	$	372,420	$	(11	)	$	6		$	113,230		9,786	$	3,062		—

Total	$	133,344	$	352,311	$	372,420	$	(11	)	$	6		$	113,230		9,786	$	3,062		—

The Emerging Markets Small Cap Series
The DFA Short Term Investment Fund	$	226,780	$	313,593	$	435,319	$	(6	)	$	(2	)	$	105,046		9,078	$	4,689		—

Total	$	226,780	$	313,593	$	435,319	$	(6	)	$	(2	)	$	105,046		9,078	$	4,689		—

F. Federal Income Taxes:

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


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

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

196

G. Financial Instruments:

Series that have significant exposure to certain countries, such as The United Kingdom Small Company Series that concentrates investments in the United Kingdom, can be expected to be impacted by the political and economic conditions within such countries. For example, there is continuing uncertainty around the future of the euro and the European Union (EU) following the United Kingdom’s (UK) exit from the EU (referred to as “Brexit”). Brexit may cause greater market volatility and illiquidity, currency fluctuations, deterioration in economic activity, a decrease in business confidence, and increased likelihood of a recession in the UK. While it is not possible to determine the precise impact these events may have on the Series, during this period and beyond, the impact on the UK, EU countries, other countries or parties that transact with the UK and EU, and the broader global economy could be significant and could adversely affect the value and liquidity of the Series’ investments.

Derivative Financial Instruments:

Summarized below are the specific types of derivative instruments used by the Series.

2. Futures Contracts: The Series listed below may purchase or sell futures contracts and options on futures contracts for equity securities and indices to adjust market exposure based on actual or expected cash inflows to or outflows from the Series. The Series, however, do not intend to sell futures contracts to establish short positions in individual securities. Upon entering into a futures contract, a Series deposits cash or pledges U.S. Government securities to a broker in an amount equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Series as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Series records a realized gain or loss, which is presented in the Statements of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Risks may arise upon entrance into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Series could lose more than the initial margin requirements. Entering into stock index futures subjects the Series to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.

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


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

*	Average Notional Value of contracts

197

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


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

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

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


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


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

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

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

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

198

H. Line of Credit and Interfund Lending Program:

For the six months ended April 30, 2020, borrowings by the following Series under the lines of credit were as follows (amounts in thousands, except percentages and days):


	Weighted Average Interest Rate			Weighted Average Loan Balance		Number of Days Outstanding*		Interest Expense Incurred		Maximum Amount Borrowed During the Period		Outstanding Borrowings as of 04/30/2020
The DFA International Value Series		2.31	%	$	3,545		4	$	1	$	7,955		—
The Japanese Small Company Series		2.03	%		7,167		10		5		23,988		—
The Asia Pacific Small Company Series		1.64	%		153		16		—		1,588		—
The United Kingdom Small Company Series		1.97	%		112		11		—		278		—
The Continental Small Company Series		1.22	%		5,962		8		1		36,080		—
The Canadian Small Company Series		2.31	%		392		5		—		1,061		—
The Emerging Markets Series		2.30	%		61		1		—		61		—
The Emerging Markets Small Cap Series		1.65	%		5,714		16		4		10,437		—

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

199

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

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

I. Affiliated Trades:

For the six months ended April 30, 2020, cross trades by the Series under Rule 17a-7 were as follows (amounts in thousands):


Series	Purchases		Sales		Realized Gain (Loss)
The DFA International Value Series	$	29,654	$	39,329	$	(23,980	)
The Japanese Small Company Series		17,533		12,981		(370	)
The Asia Pacific Small Company Series		14,914		18,896		3,461
The United Kingdom Small Company Series		2,432		1,482		45
The Continental Small Company Series		17,971		20,577		(3,254	)
The Canadian Small Company Series		11,118		12,485		(4,867	)
The Emerging Markets Series		1,169		1,727		(643	)
The Emerging Markets Small Cap Series		2,959		1,963		(821	)

J. Securities Lending:

As of April 30, 2020, each Series had securities on loan to brokers/dealers, for which each such Series received cash collateral. The Series also received non-cash collateral consisting of short- and/or long-term U.S. Treasuries and U.S. government agency securities as follows (amounts in thousands):


	Non-Cash Collateral Market Value
The DFA International Value Series	$	69,564
The Japanese Small Company Series		95,136
The Asia Pacific Small Company Series		131,003
The Continental Small Company Series		5,245
The Canadian Small Company Series		33,064
The Emerging Markets Series		90,326
The Emerging Markets Small Cap Series		357,896

Each Series invests the cash collateral, as described below, and records a liability for the return of the collateral, during the period the securities are on loan. Loans of securities are expected at all times to be secured by collateral in an amount (i) equal to at least 100% of the current market value of the loaned securities with respect to securities of the U.S. government or its agencies, (ii) generally equal to 102% of the current market value of the loaned

200

securities with respect to U.S. securities, and (iii) generally equal to 105% of the current market value of the loaned securities with respect to foreign securities. However, daily market fluctuations could cause the Series’ collateral to be lower or higher than the expected thresholds. If this were to occur, the collateral would be adjusted the next business day to ensure adequate collateralization. In the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings. If the borrower fails to return loaned securities, cash collateral being maintained by the borrower is insufficient to cover the value of loaned securities, and such collateral insufficiency is not the result of investment losses, the lending agent has agreed to pay the amount of the shortfall to the Series or, at the option of the lending agent, to replace the securities. In the event of the bankruptcy of the borrower, the Series could experience delay in recovering the loaned securities or only recover cash or a security of equivalent value.

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


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

201

K. Indemnitees; Contractual Obligations:

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

L. Recently Issued Accounting Standards:

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

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

M. Other:

The Series and the Trust are subject to claims and suits that arise from time to time in the ordinary course of business (for example, in The Tribune Company Bankruptcy, certain creditors have filed actions against all shareholders of The Tribune Company who tendered shares when The Tribune Company went private in 2007 in a leveraged buy-out transaction, seeking the return of proceeds received by the shareholders). Although management currently believes that resolving claims against the Series and the Trust, individually or in aggregate, will not have a material adverse impact on the Series’ and the Trust’s financial position, results of operations, or cash flows, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future.

N. Subsequent Event Evaluations:

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

202

DIMENSIONAL EMERGING MARKETS VALUE FUND

DISCLOSURE OF FUND EXPENSES

(Unaudited)

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

Actual Fund Return

Hypothetical Example for Comparison Purposes

203

DISCLOSURE OF FUND EXPENSES

CONTINUED

Six Months Ended April 30, 2020

EXPENSE TABLES


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

(1)

204

DIMENSIONAL EMERGING MARKETS VALUE FUND

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

The SEC requires that all funds file a complete Schedule of Investments with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. For the Dimensional Emerging Markets Value Fund, this would be for the fiscal quarters ending January 31 and July 31. Such Form N-PORT filing must be made within 60 days of the end of the quarter. Dimensional Emerging Markets Value Fund filed its most recent Form N-PORT with the SEC on March 31, 2020. They are available upon request, without charge, by calling collect: (512) 306-7400; by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, TX 78746; by visiting the SEC’s website at http://www.sec.gov; or by visiting the SEC’s Public Reference Room in Washington, D.C. (call 1-800-732-0330 for information on the operation of the Public Reference Room).

PORTFOLIO HOLDINGS


Dimensional Emerging Markets Value Fund
Communication Services	6.3	%
Consumer Discretionary	6.5	%
Consumer Staples	2.4	%
Energy	14.2	%
Financials	29.7	%
Health Care	1.9	%
Industrials	8.6	%
Information Technology	8.9	%
Materials	13.9	%
Real Estate	6.1	%
Utilities	1.5	%

	100.0	%

205

DIMENSIONAL EMERGING MARKETS VALUE FUND

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (97.2%)
BELGIUM — (0.0%)
	Other Security			$	19,230		0.0	%

BRAZIL — (4.5%)
#	Petroleo Brasileiro SA 71654V101, Sponsored ADR		12,306,798		82,086,343		0.6	%
#	Petroleo Brasileiro SA 71654V408, Sponsored ADR		10,665,374		73,697,734		0.6	%
	Vale SA		27,820,681		229,506,936		1.7	%
	Vale SA, Sponsored ADR		1,771,958		14,618,653		0.1	%
	Other Securities				212,242,596		1.6	%

TOTAL BRAZIL					612,152,262		4.6	%

CANADA — (0.0%)
	Other Security				5,632,815		0.0	%

CHILE — (1.0%)
	Other Securities				136,227,454		1.0	%

CHINA — (29.3%)
	Agricultural Bank of China, Ltd., Class H		188,582,000		78,446,682		0.6	%
	Bank of China, Ltd., Class H		429,401,817		163,474,449		1.2	%
	China Construction Bank Corp., Class H		699,567,101		561,516,727		4.2	%
	China Mobile, Ltd.		47,016,500		377,968,321		2.8	%
#	China Mobile, Ltd., Sponsored ADR		1,828,857		73,099,414		0.6	%
	China Overseas Land & Investment, Ltd.		35,908,000		132,642,202		1.0	%
	China Petroleum & Chemical Corp., Class H		127,149,575		63,372,955		0.5	%
#	China Petroleum & Chemical Corp., ADR		1,019,288		50,638,218		0.4	%
	China Resources Land, Ltd.		27,684,000		114,395,916		0.9	%
	China Shenhua Energy Co., Ltd., Class H		30,249,000		53,588,758		0.4	%
	CNOOC, Ltd.		135,780,000		150,121,293		1.1	%
1	CNOOC, Ltd., Sponsored ADR		251,574		28,269,370		0.2	%
	Industrial & Commercial Bank of China, Ltd., Class H		388,008,996		260,163,573		1.9	%
	PetroChina Co., Ltd., Class H		176,780,000		63,497,871		0.5	%
*	Trip.com Group Ltd., ADR		2,378,359		61,266,528		0.5	%
	Other Securities				1,741,095,018		12.8	%

TOTAL CHINA					3,973,557,295		29.6	%

COLOMBIA — (0.1%)
	Other Securities				13,878,602		0.1	%

CZECH REPUBLIC — (0.2%)
	Other Security				27,147,010		0.2	%

GREECE — (0.1%)
	Other Securities				16,210,827		0.1	%

HONG KONG — (0.0%)
	Other Securities				2,108,252		0.0	%

HUNGARY — (0.3%)
	Other Securities				33,321,434		0.2	%

206

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
INDIA — (12.3%)
	Axis Bank, Ltd.		9,870,296	$	57,556,568		0.4	%
*	Bharti Airtel, Ltd.		23,172,024		157,880,995		1.2	%
	ICICI Bank, Ltd., Sponsored ADR		5,868,831		57,279,789		0.4	%
	Reliance Industries, Ltd.		29,368,007		570,223,509		4.3	%
	Reliance Industries, Ltd., GDR		16,375		621,375		0.0	%
	Other Securities				825,319,230		6.1	%

TOTAL INDIA.					1,668,881,466		12.4	%

INDONESIA — (1.8%)
	Other Securities				248,418,232		1.8	%

MALAYSIA — (2.3%)
	Other Securities				304,136,388		2.3	%

MEXICO — (2.2%)
#	Grupo Mexico S.A.B. de C.V., Class B		35,010,363		74,448,409		0.6	%
	Other Securities				218,752,223		1.6	%

TOTAL MEXICO.					293,200,632		2.2	%

PHILIPPINES — (1.0%)
	Other Securities				131,884,986		1.0	%

POLAND — (0.8%)
	Other Securities				109,551,653		0.8	%

QATAR — (0.0%)
	Other Security				23,891		0.0	%

RUSSIA — (1.7%)
	Gazprom PJSC, Sponsored ADR		16,109,153		81,576,090		0.6	%
	Lukoil PJSC, Sponsored ADR		1,951,521		127,312,816		1.0	%
	Other Securities				26,656,170		0.2	%

TOTAL RUSSIA					235,545,076		1.8	%

SAUDI ARABIA — (0.1%)
	Other Securities				9,879,430		0.1	%

SOUTH AFRICA — (4.2%)
	AngloGold Ashanti, Ltd., Sponsored ADR		2,183,014		53,243,711		0.4	%
	Gold Fields, Ltd., Sponsored ADR		11,818,542		86,748,098		0.7	%
#	MTN Group, Ltd.		18,791,045		49,380,214		0.4	%
#	Standard Bank Group, Ltd.		11,276,419		62,219,873		0.5	%
	Other Securities				320,394,751		2.3	%

TOTAL SOUTH AFRICA					571,986,647		4.3	%

SOUTH KOREA — (13.6%)
	Hana Financial Group, Inc.		3,104,872		70,878,029		0.5	%
	Hyundai Mobis Co., Ltd.		348,715		49,301,397		0.4	%
	Hyundai Motor Co.		973,740		75,262,722		0.6	%
	KB Financial Group, Inc.		2,105,869		60,251,658		0.5	%
#	KB Financial Group, Inc., ADR		2,874,360		80,884,490		0.6	%
	Kia Motors Corp		2,187,683		53,433,488		0.4	%
	LG Electronics, Inc.		1,283,495		57,763,781		0.4	%

207

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
SOUTH KOREA — (Continued)
	POSCO		599,309	$	90,558,836		0.7	%
#	POSCO, Sponsored ADR		1,216,529		45,267,044		0.4	%
	Shinhan Financial Group Co., Ltd.		3,401,930		86,247,600		0.7	%
	Other Securities				1,168,361,353		8.5	%

TOTAL SOUTH KOREA					1,838,210,398		13.7	%

TAIWAN — (18.5%)
	Cathay Financial Holding Co., Ltd.		81,283,459		108,458,006		0.8	%
	China Steel Corp.		129,590,320		86,795,292		0.7	%
	CTBC Financial Holding Co., Ltd.		159,147,073		106,054,413		0.8	%
	E.Sun Financial Holding Co., Ltd.		97,334,130		88,436,832		0.7	%
	First Financial Holding Co., Ltd.		81,659,283		60,139,848		0.5	%
	Fubon Financial Holding Co., Ltd.		62,771,471		88,757,553		0.7	%
	Hon Hai Precision Industry Co., Ltd.		74,465,192		191,373,044		1.4	%
	Mega Financial Holding Co., Ltd.		73,522,796		73,958,714		0.6	%
#	Taiwan Cement Corp.		66,265,095		95,605,638		0.7	%
#	United Microelectronics Corp.		119,503,681		61,827,025		0.5	%
	Yuanta Financial Holding Co., Ltd.		102,197,918		58,250,658		0.4	%
	Other Securities				1,485,487,165		10.8	%

TOTAL TAIWAN					2,505,144,188		18.6	%

THAILAND — (2.5%)
	PTT PCL		84,157,300		92,337,634		0.7	%
	Other Securities				240,290,842		1.8	%

TOTAL THAILAND					332,628,476		2.5	%

TURKEY — (0.7%)
	Other Securities				89,246,686		0.7	%

UNITED ARAB EMIRATES — (0.0%)
	Other Security				27,658		0.0	%

TOTAL COMMON STOCKS					13,159,020,988		98.0	%

PREFERRED STOCKS — (0.6%)
BRAZIL — (0.6%)
	Petroleo Brasileiro SA BRPETRACNPR6		17,625,950		58,505,746		0.5	%
	Other Securities				18,305,789		0.1	%

TOTAL BRAZIL					76,811,535		0.6	%

COLOMBIA — (0.0%)
	Other Securities				5,733,317		0.0	%

TOTAL PREFERRED STOCKS					82,544,852		0.6	%

RIGHTS/WARRANTS — (0.0%)
TAIWAN — (0.0%)
	Other Securities				70,159		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $15,417,418,290)					13,241,635,999

208

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
SECURITIES LENDING COLLATERAL — (2.2%)
@§	The DFA Short Term Investment Fund		26,129,631	$	302,345,960		2.2	%

TOTAL INVESTMENTS—(100.0%) (Cost $15,719,681,827)				$	13,543,981,959		100.8%

As of April 30, 2020, Dimensional Emerging Markets Value Fund had entered into the following outstanding futures contracts:


Description	Number of Contracts	Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
MSCI Emerging Markets Index	650		06/19/20	$	27,070,721	$	29,441,750	$	2,371,029
S&P 500^®Emini Index	495		06/19/20		67,160,442		71,834,400		4,673,958

Total Futures Contracts				$	94,231,163	$	101,276,150	$	7,044,987

Summary of the Fund’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


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

209

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Rights/Warrants
Taiwan		—	$	70,159		—	$	70,159
Securities Lending Collateral		—		302,345,960		—		302,345,960
Futures Contracts**	$	7,044,987		—		—		7,044,987

TOTAL	$	2,265,906,791	$	11,285,120,155		—	$	13,551,026,946

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

See accompanying Notes to Financial Statements.

210

DIMENSIONAL EMERGING MARKETS VALUE FUND

STATEMENT OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	Dimensional
	Emerging
	Markets
	Value Fund
ASSETS:
Investment Securities at Value (including $497,192 of securities on loan)*	$	13,241,636
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $302,264)		302,346
Segregated Cash for Futures Contracts		9,515
Foreign Currencies at Value		68,711
Cash		98,995
Receivables:
Investment Securities Sold		22,706
Dividends, Interest and Tax Reclaims		9,617
Securities Lending Income		977
Futures Margin Variation		3,739

Total Assets		13,758,242

LIABILITIES:
Payables:
Upon Return of Securities Loaned		302,318
Investment Securities Purchased		17,398
Due to Advisor		1,054
Accrued Expenses and Other Liabilities		3,695

Total Liabilities		324,465

NET ASSETS	$	13,433,777

Investment Securities at Cost	$	15,417,418

Foreign Currencies at Cost	$	69,203

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

See accompanying Notes to Financial Statements.

211

DIMENSIONAL EMERGING MARKETS VALUE FUND

STATEMENT OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	Dimensional
	Emerging
	Markets
	Value Fund^#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $22,736)	$	159,924
Income from Securities Lending		5,139

Total Investment Income		165,063

Expenses
Investment Management Fees		8,004
Accounting & Transfer Agent Fees		363
Custodian Fees		2,999
Shareholders’ Reports		8
Directors’/Trustees’ Fees & Expenses		44
Professional Fees		224
Other		231

Total Expenses		11,873

Fees Paid Indirectly (Note C)		(628	)

Net Expenses		11,245

Net Investment Income (Loss)		153,818

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		(478,266	)
Affiliated Investment Companies Shares Sold		(8	)
Futures		9,652
Foreign Currency Transactions		(10,500	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(2,933,725	)
Affiliated Investment Companies Shares		24
Futures		3,737
Translation of Foreign Currency-Denominated Amounts		(2,080	)

Net Realized and Unrealized Gain (Loss)		(3,411,166	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(3,257,348	)

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

212

DIMENSIONAL EMERGING MARKETS VALUE FUND

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	Dimensional Emerging
	Markets Value Fund
	Six Months			Year
	Ended			Ended
	Apr 30,			Oct 31,
	2020			2019
	(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	153,818		$	520,823
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(478,266	)		(179,248	)
Affiliated Investment Companies Shares Sold		(8	)		(19	)
Futures		9,652			5,514
Foreign Currency Transactions		(10,500	)		(3,145	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(2,933,725	)		474,939
Affiliated Investment Companies Shares		24			35
Futures		3,737			12,212
Translation of Foreign Currency-Denominated Amounts		(2,080	)		(50	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(3,257,348	)		831,061

Transactions in Interest:
Contributions		579,727			1,538,030
Withdrawals		(1,314,699	)		(1,627,901	)

Net Increase (Decrease) from Transactions in Interest		(734,972	)		(89,871	)

Total Increase (Decrease) in Net Assets		(3,992,320	)		741,190
Net Assets
Beginning of Period		17,426,097			16,684,907

End of Period	$	13,433,777		$	17,426,097

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

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

See accompanying Notes to Financial Statements.

213

DIMENSIONAL EMERGING MARKETS VALUE FUND

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	Dimensional Emerging Markets Value Fund
	Six Months			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	Apr 30,			Oct 31,			Oct 31,			Oct 31,			Oct 31,			Oct 31,
	2020			2019			2018			2017			2016			2015
	(Unaudited)
Total Return		(19.10	%)(B)		5.24	%		(9.06	%)		24.89	%		15.80	%		(17.95	%)

Net Assets, End of Period (thousands)	$	13,433,777		$	17,426,097		$	16,684,907		$	19,612,211		$	16,647,507		$	15,088,058
Ratio of Expenses to Average Net Assets		0.14	%(C)		0.13	%		0.14	%		0.16	%		0.16	%		0.15	%
Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)		0.15	%(C)		0.15	%		0.14	%		0.16	%		0.16	%		0.15	%
Ratio of Net Investment Income to Average Net Assets		1.92	%(C)		2.95	%		2.78	%		2.64	%		2.72	%		2.54	%
Portfolio Turnover Rate		10	%(B)		14	%		13	%		14	%		12	%		14	%

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

See accompanying Notes to Financial Statements.

214

DIMENSIONAL EMERGING MARKETS VALUE FUND

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

A. Organization:

Dimensional Emerging Markets Value Fund (the “Fund”) is an open-end management investment company registered under the Investment Company Act of 1940. The Fund meets the definition as an investment company and follows the accounting and reporting guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”) Topic 946, “Financial Services-Investment Companies.” The Fund consists of one series.

B. Significant Accounting Policies:

1. Security Valuation: The Fund uses a fair value hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:

•

Level 1 – inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts)

•

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

Securities held by the Fund, including over-the-counter securities, are valued at the last quoted sale price of the day. International equity securities are subject to a fair value factor, as described later in this note.

Securities held by the Fund that are listed on Nasdaq are valued at the Nasdaq Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, the Fund values the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.

Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Trustees of the Fund. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of Dimensional Fund Advisors LP) occur before the net asset value of the Fund is calculated. When fair value pricing is used, the prices of securities used by the Fund may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

The Fund will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the time at which the net asset value of the Fund is computed. Due to the time differences between the closings of the relevant foreign securities

215

exchanges and the pricing of the Fund’s shares (at the close of the NYSE), the Fund will fair-value its foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the Fund’s foreign investments since the last calculated closing prices of the foreign investments on their primary foreign securities markets or exchanges. For these purposes, the Board of Trustees of the Fund has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the Fund uses data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When the Fund uses fair value pricing, the values assigned to the Fund’s foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

Futures contracts held by the Fund are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.

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

2. Foreign Currency Translation: Securities and other assets and liabilities of the Fund whose values are initially expressed in foreign currencies are translated to U.S. dollars using the mean between the most recent bid and ask prices for the U.S. dollar as quoted by generally recognized reliable sources. To facilitate the translation, the Fund enters into foreign currency contracts. A foreign currency contract is a spot agreement between two parties to buy and sell currencies at current market exchange rates, for settlement generally within two business days. Dividend and interest income and certain expenses are translated to U.S. dollars at the rate of exchange on their respective accrual dates. Receivables and payables denominated in foreign currencies are marked-to-market daily based on daily exchange rates and exchange gains or losses are realized upon ultimate receipt or disbursement. The Fund does not isolate the effect of foreign exchange rate fluctuations from the effect of fluctuations in the market prices of securities, whether realized or unrealized.

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

3. Deferred Compensation Plan: Each eligible Trustee of the Fund may elect to participate in the Fee Deferral Plan for Independent Directors and Trustees (the “Plan”). Under the Plan, effective January 1, 2002, such Trustees may defer payment of all or a portion of their total fees earned as a Trustee. These deferred amounts may be treated as though such amounts had been invested in shares of the following funds: the U.S. Large Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Core Equity 2 Portfolio, U.S. Vector Equity Portfolio, U.S. Micro Cap Portfolio, DFA International Value Portfolio, International Core Equity Portfolio, Emerging Markets Portfolio, Emerging Markets Core Equity Portfolio, and/or DFA Two-Year Global Fixed Income Portfolio. Contributions made under the Plan and the change in unrealized appreciation (depreciation) and income are included in Directors’/ Trustees’ Fees & Expenses. As of April 30, 2020, the total liability for deferred compensation to Trustees is included in Accrued Expenses and Other Liabilities on the Statement of Assets and Liabilities in the amount of $527 (in thousands).

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

216

following the year in which the Trustee ceases to be a member of the Board (unless the Trustee files an amended Notice selecting a different distribution date). As of April 30, 2020, none of the Trustees have requested or received a distribution of proceeds of a deferred fee account.

4. Other: Security transactions are accounted for as of the trade date. Costs used in determining realized gains and losses on the sale of investment securities and foreign currency are accounted for on the basis of identified cost. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of investments or as a realized gain, respectively. The Fund estimates the character of received distributions that may be considered return of capital distributions. Interest income is recorded on an accrual basis. Expenses directly attributable to the Fund are directly charged. The Fund may be subject to taxes imposed by countries in which it invests, with respect to its investments in issuers existing or operating in such countries. Such taxes are generally based on income earned or repatriated and capital gains realized on the sale of such investments. The Fund accrues such taxes when the related income or capital gains are earned or throughout the holding period. Some countries require governmental approval for the repatriation of investment income, capital or the proceeds of sales earned by foreign investors. Additionally, if there is a deterioration in a country’s balance of payments or for other reasons, a country may impose temporary restrictions on foreign capital remittances abroad.

The Fund’s investments in Chile are subject to governmental taxes on investment income. Such taxes are due when currencies are repatriated from the country. The Fund accrues for taxes on income as the income is earned. The Fund is subject to tax on short-term capital gains for investments in India. Such taxes are accrued on a daily basis and due upon sale of individual securities.

C. Investment Advisor:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Fund.

For the six months ended April 30, 2020, the Fund’s investment management fee was accrued daily and paid monthly to the Advisor based on the following effective annual rate of average daily net assets:


Dimensional Emerging Markets Value Fund			0.10	%

Earned Income Credit:

Additionally, the Fund has entered into arrangements with its custodian whereby net interest earned on uninvested cash balances was used to reduce a portion of the Fund’s custody expense. Custody expense in the accompanying financial statements is presented before reduction for credits. The impact of such credits is generally less than one basis point of the Fund’s net assets. During the six months ended April 30, 2020, expenses reduced were the following (amount in thousands):


	Fees Paid
	Indirectly
Dimensional Emerging Markets Value Fund	$	628

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Trustees of the Advisor are also Officers and Trustees of the Fund; however, such Officers and Trustees (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the six months ended April 30, 2020, the total related amounts paid by the Fund to the CCO were $9 (in thousands) and are included in Other Expenses on the Statement of Operations.

217

D. Purchases and Sales of Securities:

For the six months ended April 30, 2020, the Fund’s transactions related to investment securities, other than short-term securities, in-kind redemptions and U.S. Government securities (amounts in thousands), were as follows:


	Purchases		Sales
Dimensional Emerging Markets Value Fund	$	1,534,855	$	2,097,212

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

For the six months ended April 30, 2020, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.


										Change in
							Net Realized			Unrealized
	Balance at		Purchases		Proceeds		Gain/(Loss)			Appreciation/		Balance at		Shares as of		Dividend		Capital Gain
	October 31, 2019		at Cost		from Sales		on Sales			Depreciation		April 30, 2020		April 30, 2020		Income		Distributions
Dimensional Emerging Markets Value Fund
The DFA Short Term Investment Fund	$	398,290	$	1,074,045	$	1,170,005	$	(8	)	$	24	$	302,346		26,130	$	9,420		—

Total	$	398,290	$	1,074,045	$	1,170,005	$	(8	)	$	24	$	302,346		26,130	$	9,420		—

E. Federal Income Taxes:

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


								Net
								Unrealized
	Federal		Unrealized		Unrealized			Appreciation
	Tax Cost		Appreciation		(Depreciation)			(Depreciation)
Dimensional Emerging Markets Value Fund	$	17,429,703	$	4,005,245	$	(2,389,655	)	$	1,615,590

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

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

218

F. Financial Instruments:

In accordance with the Fund’s investment objective and policies, the Fund may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:

Derivative Financial Instruments:

Summarized below are the specific types of derivative instruments used by the Fund.

2. Futures Contracts: The Fund may purchase or sell futures contracts and options on futures contracts for foreign or U.S. equity securities and indices, to adjust market exposure based on actual or expected cash inflows to or outflows from the Fund. The Fund, however, does not intend to sell futures contracts to establish short positions in individual securities. Upon entering into a futures contract, the Fund deposits cash or pledges U.S. Government securities to a broker in an amount equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Fund as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Fund records a realized gain or loss, which is presented in the Statement of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Risks may arise upon entrance into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities or indices, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Fund could lose more than the initial margin requirements. Entering into stock index futures subjects the Fund to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.

Securities have been segregated as collateral for open futures contracts.

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


	Futures*
Dimensional Emerging Markets Value Fund	$	131,531

*	Average Notional Value of contracts

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


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

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

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

219

The following is a summary of the realized and change in unrealized gains and losses from the Fund’s derivative instrument holdings categorized by primary risk exposure for the six months ended April 30, 2020 (amounts in thousands):


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


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

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

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

G. Line of Credit and Interfund Lending Program:

The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 2, 2020. A line of credit with similar terms was in effect through January 2, 2020. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The line of credit agreement expires on January 1, 2021.

220

For the six months ended April 30, 2020, borrowings by the Fund under the lines of credit were as follows (amounts in thousands, except percentages and days):

Weighted

Number of

Interest

Maximum Amount

Outstanding

Average

Days

Expense

Borrowed During

Borrowings

Interest Rate

Loan Balance

Outstanding*

Incurred

the Period

as of 04/30/2020

Dimensional Emerging Markets Value Fund

2.30

2,371

—

2,371

—

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

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

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

H. Affiliated Trades:

Cross trades for the six months ended April 30, 2020, if any, were executed by the Fund pursuant to procedures adopted by the Board of Trustees of the Fund to ensure compliance with Rule 17a-7 under the Investment Company Act of 1940 (the “1940 Act”). Cross trading is the buying or selling of portfolio securities between series of investment companies, or between a series of an investment company and another entity, that are or could be considered affiliates by virtue of a common investment advisor (or affiliated investment advisors), common Trustees and/or common Officers. At its regularly scheduled meetings, the CCO certifies to the Board that the 17a-7 transactions entered into by the Fund complied with the Rule 17a-7 Procedures adopted by the Board of Trustees of the Fund.

For the six months ended April 30, 2020, cross trades by the Fund under Rule 17a-7 were as follows (amounts in thousands):


Portfolio	Purchases		Sales		Realized Gain (Loss)
Dimensional Emerging Markets Value Fund	$	1,000	$	2,390	$	(694	)

I. Securities Lending:

As of April 30, 2020, the Fund had securities on loan to brokers/dealers, for which the Fund received cash collateral. The Fund received non-cash collateral consisting of short- and/or long-term U.S. Treasuries and U.S. government agency securities as follows (amount in thousands):


	Non-Cash
	Collateral
	Market
	Value
Dimensional Emerging Markets Value Fund	$	289,995

221

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

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

Remaining Contractual Maturity of the Agreements

As of April 30, 2020

Overnight and

Between

Continuous

<30 days

30 & 90 days

>90 days

Total

Securities Lending Transactions

Dimensional Emerging Markets Value Fund

Common Stocks

302,318

—

302,318

J. Indemnitees; Contractual Obligations:

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

K. Recently Issued Accounting Standards:

222

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

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

L. Other:

The Fund is subject to claims and suits that arise from time to time in the ordinary course of business (for example, in The Tribune Company Bankruptcy, certain creditors have filed actions against all shareholders of The Tribune Company who tendered shares when The Tribune Company went private in 2007 in a leveraged buy-out transaction, seeking the return of proceeds received by the shareholders). Although management currently believes that resolving claims against the Fund, individually or in aggregate, will not have a material adverse impact on the Fund’s financial position, results of operations, or cash flows, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future.

M. Subsequent Event Evaluations:

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

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

223

VOTING PROXIES ON FUND PORTFOLIO SECURITIES

224

STATEMENT REGARDING LIQUIDITY RISK MANAGEMENT PROGRAM

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

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

225

BOARD APPROVAL OF INVESTMENT MANAGEMENT AGREEMENTS

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

226

BOARD APPROVAL OF INVESTMENT MANAGEMENT AGREEMENTS

CONTINUED

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

227

DFA043020-001SI

00245690

LOGO

Semi-Annual Report

Six Months Ended: April 30, 2020 (Unaudited)

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

DFA Investment Dimensions Group Inc.

Tax-Managed U.S. Marketwide Value Portfolio

Tax-Managed U.S. Equity Portfolio

Tax-Managed U.S. Targeted Value 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

World ex U.S. Targeted Value Portfolio

The DFA Investment Trust Company

The Tax-Managed U.S. Marketwide Value Series

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

Important information about access to shareholder reports

[THIS PAGE INTENTIONALLY LEFT BLANK]

LOGO

June 8, 2020

Dear Fellow Shareholder,

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

Sincerely,



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

[THIS PAGE INTENTIONALLY LEFT BLANK]

DFA INVESTMENT DIMENSIONS GROUP INC.

THE DFA INVESTMENT TRUST COMPANY

SEMI-ANNUAL REPORT

(Unaudited)

Table of Contents


	Page
Letter to Shareholders
Definitions of Abbreviations and Footnotes		1
DFA Investment Dimensions Group Inc.
Disclosure of Fund Expenses		2
Disclosure of Portfolio Holdings		4
Schedule of Investments/Summary Schedules of Portfolio Holdings
Tax-Managed U.S. Marketwide Value Portfolio		6
Tax-Managed U.S. Equity Portfolio		7
Tax-Managed U.S. Targeted Value Portfolio		10
Tax-Managed U.S. Small Cap Portfolio		13
T.A. U.S. Core Equity 2 Portfolio		16
Tax-Managed DFA International Value Portfolio		19
T.A. World ex U.S. Core Equity Portfolio		23
World ex U.S. Targeted Value Portfolio		30
Statements of Assets and Liabilities		36
Statements of Operations		38
Statements of Changes in Net Assets		40
Financial Highlights		42
Notes to Financial Statements		46
Section 19(a) Notice		64
The DFA Investment Trust Company
Disclosure of Fund Expenses		65
Disclosure of Portfolio Holdings		66
Summary Schedule of Portfolio Holdings
The Tax-Managed U.S. Marketwide Value Series		67
Statement of Assets and Liabilities		70
Statement of Operations		71
Statement of Changes in Net Assets		72
Financial Highlights		73
Notes to Financial Statements		74
Voting Proxies on Fund Portfolio Securities		82
Statement Regarding Liquidity Risk Management Program		83
Board Approval of Investment Management Agreements		84

[THIS PAGE INTENTIONALLY LEFT BLANK]

DFA INVESTMENT DIMENSIONS GROUP INC.

THE DFA INVESTMENT TRUST COMPANY

DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES

Schedules of Investments/Summary Schedules of Portfolio Holdings


Investment Abbreviations
P.L.C		Public Limited Company
ADR		American Depositary Receipt
SA		Special Assessment
GDR		Global Depositary Receipt

Investment Footnotes
†		See Note B to Financial Statements.
‡		Calculated as a percentage of total net assets. Percentages shown parenthetically next to the category headings have been calculated as a percentage of total investments. “Other Securities” are those securities that are not among the top 50 holdings in unaffiliated issuers of the Fund or do not represent more than 1.0% of the net assets of the Fund. Some of the individual securities within this category may include Total or Partial Securities on Loan and/or Non-Income Producing Securities.
*		Non-Income Producing Securities.
@		Security purchased with cash collateral received from Securities on Loan.
§		Affiliated Fund.
#		Total or Partial Securities on Loan.
»		Securities that have generally been fair value factored. See Note B to Financial Statements.

Financial Highlights

(A)		Computed using average shares outstanding.
(B)		Non-Annualized
(C)		Annualized
(D)		Represents the combined ratios for the respective Portfolio and its respective pro-rata share of its Master Fund.
(E)		Represents the combined ratios for the respective portfolio and its respective pro-rata share of its Master Fund(s) and/or Underlying Fund(s).

All Statements, Schedules and Notes to Financial Statements

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

DFA INVESTMENT DIMENSIONS GROUP INC.

DISCLOSURE OF FUND EXPENSES

(Unaudited)

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

Actual Fund Return

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

Hypothetical Example for Comparison Purposes

Six Months Ended April 30, 2020

EXPENSE TABLES


	Beginning Account Value 11/01/19		Ending Account Value 04/30/20		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
Tax-Managed U.S. Marketwide Value Portfolio (2)
Actual Fund Return	$	1,000.00	$	839.70		0.38	%	$	1.74
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.97		0.38	%	$	1.91

Tax-Managed U.S. Equity Portfolio
Actual Fund Return	$	1,000.00	$	959.20		0.22	%	$	1.07
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.77		0.22	%	$	1.11

DISCLOSURE OF FUND EXPENSES

CONTINUED


	Beginning Account Value 11/01/19		Ending Account Value 04/30/20		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
Tax-Managed U.S. Targeted Value Portfolio
Actual Fund Return	$	1,000.00	$	752.80		0.45	%	$	1.96
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.63		0.45	%	$	2.26

Tax-Managed U.S. Small Cap Portfolio
Actual Fund Return	$	1,000.00	$	812.90		0.47	%	$	2.12
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.53		0.47	%	$	2.36

T.A. U.S. Core Equity 2 Portfolio
Actual Fund Return	$	1,000.00	$	905.70		0.24	%	$	1.14
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.67		0.24	%	$	1.21

Tax-Managed DFA International Value Portfolio
Actual Fund Return	$	1,000.00	$	762.60		0.53	%	$	2.32
Hypothetical 5% Annual Return	$	1,000.00	$	1,022.23		0.53	%	$	2.66

T.A. World ex U.S. Core Equity Portfolio
Actual Fund Return	$	1,000.00	$	835.30		0.37	%	$	1.69
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.02		0.37	%	$	1.86

World ex U.S. Targeted Value Portfolio
Actual Fund Return	$	1,000.00	$	791.50		0.65	%	$	2.90
Hypothetical 5% Annual Return	$	1,000.00	$	1,021.63		0.65	%	$	3.27

(1)

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

DFA INVESTMENT DIMENSIONS GROUP INC.

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

PORTFOLIO HOLDINGS

FEEDER FUND


	Affiliated Investment Company
Tax-Managed U.S. Marketwide Value Portfolio		100.0	%

DOMESTIC AND INTERNATIONAL EQUITY PORTFOLIOS


Tax-Managed U.S. Equity Portfolio
Communication Services	10.4	%
Consumer Discretionary	11.3	%
Consumer Staples	7.1	%
Energy	2.8	%
Financials	11.3	%
Health Care	15.7	%
Industrials	8.8	%
Information Technology	26.4	%
Materials	2.7	%
Real Estate	0.1	%
Utilities	3.4	%

	100.0	%


Tax-Managed U.S. Targeted Value Portfolio
Communication Services	3.2	%
Consumer Discretionary	12.8	%
Consumer Staples	4.9	%
Energy	4.7	%
Financials	29.0	%
Health Care	5.3	%
Industrials	21.1	%
Information Technology	11.3	%
Materials	7.0	%
Real Estate	0.4	%
Utilities	0.3	%

	100.0	%


Tax-Managed U.S. Small Cap Portfolio
Communication Services	2.9	%
Consumer Discretionary	13.0	%
Consumer Staples	4.5	%
Energy	2.4	%
Financials	21.2	%
Health Care	11.5	%
Industrials	19.4	%
Information Technology	15.6	%
Materials	5.1	%
Real Estate	0.5	%
Utilities	3.9	%

	100.0	%

DISCLOSURE OF PORTFOLIO HOLDINGS

CONTINUED


T.A. U.S. Core Equity 2 Portfolio
Communication Services	7.6	%
Consumer Discretionary	11.4	%
Consumer Staples	6.3	%
Energy	3.1	%
Financials	14.4	%
Health Care	13.8	%
Industrials	12.8	%
Information Technology	24.4	%
Materials	3.9	%
Real Estate	0.2	%
Utilities	2.1	%

	100.0	%


Tax-Managed DFA International Value Portfolio
Communication Services	4.8	%
Consumer Discretionary	14.5	%
Consumer Staples	4.6	%
Energy	11.1	%
Financials	25.4	%
Health Care	7.0	%
Industrials	11.7	%
Information Technology	2.4	%
Materials	13.3	%
Real Estate	3.6	%
Utilities	1.6	%

	100.0	%


T.A. World ex U.S. Core Equity Portfolio
Communication Services	6.6	%
Consumer Discretionary	13.1	%
Consumer Staples	8.4	%
Energy	5.4	%
Financials	14.6	%
Health Care	7.3	%
Industrials	15.7	%
Information Technology	10.6	%
Materials	11.1	%
Real Estate	3.8	%
Utilities	3.4	%

	100.0	%


World ex U.S. Targeted Value Portfolio
Communication Services	3.8	%
Consumer Discretionary	14.6	%
Consumer Staples	5.0	%
Energy	4.7	%
Financials	17.2	%
Health Care	2.8	%
Industrials	20.1	%
Information Technology	7.0	%
Materials	17.5	%
Real Estate	5.3	%
Utilities	2.0	%

	100.0	%

TAX-MANAGED U.S. MARKETWIDE VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


	Value†
AFFILIATED INVESTMENT COMPANIES — (100.0%)
Investment in The Tax-Managed U.S. Marketwide Value Series of
The DFA Investment Trust Company	$	4,178,295,340

TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	4,178,295,340

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

See accompanying Notes to Financial Statements.

TAX-MANAGED U.S. EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (99.0%)
COMMUNICATION SERVICES — (10.3%)
*	Alphabet, Inc., Class A		42,773	$	57,602,399		1.5	%
*	Alphabet, Inc., Class C		43,987		59,323,507		1.6	%
	AT&T, Inc.		1,001,982		30,530,392		0.8	%
	Comcast Corp., Class A		632,859		23,814,484		0.6	%
*	Facebook, Inc., Class A		342,570		70,127,505		1.9	%
*	Netflix, Inc.		62,118		26,080,242		0.7	%
	Verizon Communications, Inc.		583,009		33,493,867		0.9	%
	Walt Disney Co. (The)		251,838		27,236,280		0.7	%
	Other Securities				68,746,189		1.7	%

TOTAL COMMUNICATION SERVICES					396,954,865		10.4	%

CONSUMER DISCRETIONARY — (11.2%)
*	Amazon.com, Inc.		60,985		150,876,890		4.0	%
	Home Depot, Inc. (The)		153,784		33,806,337		0.9	%
	McDonald’s Corp.		106,564		19,987,144		0.5	%
	NIKE, Inc., Class B		177,841		15,504,178		0.4	%
*	Tesla, Inc.		19,769		15,456,986		0.4	%
	Other Securities				192,981,749		5.0	%

TOTAL CONSUMER DISCRETIONARY					428,613,284		11.2	%

CONSUMER STAPLES — (7.0%)
	Coca-Cola Co. (The)		584,634		26,828,854		0.7	%
	Costco Wholesale Corp.		63,231		19,158,993		0.5	%
	PepsiCo, Inc.		198,284		26,230,990		0.7	%
	Philip Morris International, Inc.		209,357		15,618,032		0.4	%
	Procter & Gamble Co. (The)		353,966		41,721,972		1.1	%
	Walmart, Inc.		201,176		24,452,943		0.6	%
	Other Securities				114,677,979		3.0	%

TOTAL CONSUMER STAPLES					268,689,763		7.0	%

ENERGY — (2.8%)
	Chevron Corp.		266,455		24,513,860		0.7	%
	Exxon Mobil Corp.		588,622		27,353,264		0.7	%
	Other Securities				55,870,594		1.4	%

TOTAL ENERGY					107,737,718		2.8	%

FINANCIALS — (11.2%)
	Bank of America Corp.		1,181,124		28,406,032		0.8	%
*	Berkshire Hathaway, Inc., Class B		276,992		51,897,221		1.4	%
	JPMorgan Chase & Co.		436,967		41,843,960		1.1	%
	Wells Fargo & Co.		547,847		15,914,955		0.4	%
	Other Securities				291,612,000		7.6	%

TOTAL FINANCIALS					429,674,168		11.3	%

HEALTH CARE — (15.5%)
	Abbott Laboratories		263,644		24,278,976		0.6	%
	AbbVie, Inc.		212,343		17,454,595		0.5	%
	Amgen, Inc.		84,978		20,328,437		0.5	%

TAX-MANAGED U.S. EQUITY PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
	Bristol-Myers Squibb Co.		311,076	$	18,916,532		0.5	%
	Eli Lilly and Co.		124,001		19,175,515		0.5	%
	Johnson & Johnson		375,025		56,268,751		1.5	%
	Medtronic P.L.C.		187,934		18,347,996		0.5	%
	Merck & Co., Inc.		361,511		28,682,283		0.8	%
	Pfizer, Inc.		795,948		30,532,565		0.8	%
	Thermo Fisher Scientific, Inc.		56,224		18,817,048		0.5	%
	UnitedHealth Group, Inc.		134,605		39,367,924		1.0	%
	Other Securities				303,077,282		7.9	%

TOTAL HEALTH CARE					595,247,904		15.6	%

INDUSTRIALS — (8.7%)
	Union Pacific Corp.		100,453		16,051,385		0.4	%
	Other Securities				319,038,704		8.4	%

TOTAL INDUSTRIALS					335,090,089		8.8	%

INFORMATION TECHNOLOGY — (26.1%)
	Accenture P.L.C., Class A		91,216		16,892,291		0.5	%
*	Adobe, Inc.		70,812		25,041,956		0.7	%
	Apple, Inc.		640,645		188,221,501		4.9	%
	Cisco Systems, Inc.		623,193		26,410,919		0.7	%
	Intel Corp.		635,780		38,134,084		1.0	%
	Mastercard, Inc., Class A		128,106		35,225,307		0.9	%
	Microsoft Corp.		1,037,258		185,887,006		4.9	%
	NVIDIA Corp.		83,317		24,351,893		0.6	%
	Oracle Corp.		316,555		16,767,918		0.5	%
*	PayPal Holdings, Inc.		159,367		19,602,141		0.5	%
*	salesforce.com, Inc.		119,858		19,411,003		0.5	%
	Visa, Inc., Class A		244,304		43,662,011		1.2	%
	Other Securities				361,141,120		9.4	%

TOTAL INFORMATION TECHNOLOGY					1,000,749,150		26.3	%

MATERIALS — (2.7%)
	Other Securities				101,849,554		2.7	%

REAL ESTATE — (0.1%)
	Other Securities				3,691,495		0.1	%

UTILITIES — (3.4%)
	NextEra Energy, Inc.		70,275		16,241,958		0.4	%
	Other Securities				112,713,081		3.0	%

TOTAL UTILITIES					128,955,039		3.4	%

TOTAL COMMON STOCKS (Cost $1,829,025,850)					3,797,253,029		99.6	%

TEMPORARY CASH INVESTMENTS — (0.3%)
	State Street Institutional U.S. Government Money Market Fund, 0.216%		12,035,936		12,035,936		0.3	%

TAX-MANAGED U.S. EQUITY PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
SECURITIES LENDING COLLATERAL — (0.7%)
@§	The DFA Short Term Investment Fund		2,205,731	$	25,522,519		0.7	%

TOTAL INVESTMENTS—(100.0%) (Cost $1,866,578,090)				$	3,834,811,484		100.6	%

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	396,954,865		—		—	$	396,954,865
Consumer Discretionary		428,612,927	$	357		—		428,613,284
Consumer Staples		268,689,763		—		—		268,689,763
Energy		107,737,718		—		—		107,737,718
Financials		429,671,475		2,693		—		429,674,168
Health Care		595,247,076		828		—		595,247,904
Industrials		335,090,089		—		—		335,090,089
Information Technology		1,000,749,150		—		—		1,000,749,150
Materials		101,849,554		—		—		101,849,554
Real Estate		3,691,495		—		—		3,691,495
Utilities		128,955,039		—		—		128,955,039
Temporary Cash Investments		12,035,936		—		—		12,035,936
Securities Lending Collateral		—		25,522,519		—		25,522,519

TOTAL	$	3,809,285,087	$	25,526,397		—	$	3,834,811,484

See accompanying Notes to Financial Statements.

TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (96.8%)
COMMUNICATION SERVICES — (3.1%)
	News Corp., Class A		1,329,513	$	13,175,474		0.4	%
	Other Securities				100,906,152		2.8	%

TOTAL COMMUNICATION SERVICES					114,081,626		3.2	%

CONSUMER DISCRETIONARY — (12.4%)
*	AutoNation, Inc.		339,119		12,628,792		0.4	%
	BorgWarner, Inc.		525,269		15,006,935		0.4	%
	Marriott Vacations Worldwide Corp.		177,109		14,700,047		0.4	%
	PulteGroup, Inc.		692,549		19,578,360		0.6	%
	Toll Brothers, Inc.		735,812		17,674,204		0.5	%
	Other Securities				376,507,443		10.5	%

TOTAL CONSUMER DISCRETIONARY					456,095,781		12.8	%

CONSUMER STAPLES — (4.8%)
	Bunge, Ltd.		460,827		18,281,007		0.5	%
*	Darling Ingredients, Inc.		704,265		14,500,816		0.4	%
	Ingredion, Inc.		148,866		12,087,919		0.4	%
*	Post Holdings, Inc.		247,824		22,762,634		0.7	%
	Other Securities				107,342,023		2.9	%

TOTAL CONSUMER STAPLES					174,974,399		4.9	%

ENERGY — (4.6%)
	HollyFrontier Corp.		511,746		16,908,088		0.5	%
	Other Securities				150,225,842		4.2	%

TOTAL ENERGY					167,133,930		4.7	%

FINANCIALS — (28.1%)
	Assurant, Inc.		119,360		12,680,806		0.4	%
	Assured Guaranty, Ltd.		468,433		13,926,513		0.4	%
*	Athene Holding, Ltd., Class A		471,656		12,734,712		0.4	%
	CNO Financial Group, Inc.		1,201,584		16,894,271		0.5	%
	First American Financial Corp.		291,331		13,436,186		0.4	%
#	Janus Henderson Group P.L.C.		647,342		11,587,422		0.3	%
	Kemper Corp.		186,142		12,512,465		0.4	%
	Legg Mason, Inc.		256,175		12,765,200		0.4	%
	New York Community Bancorp, Inc.		1,738,230		18,877,178		0.5	%
	Old Republic International Corp.		852,141		13,591,649		0.4	%
	People’s United Financial, Inc.		1,686,990		21,407,903		0.6	%
	Popular, Inc.		341,789		13,189,638		0.4	%
	Prosperity Bancshares, Inc.		264,677		15,862,093		0.5	%
	Reinsurance Group of America, Inc.		173,013		18,111,001		0.5	%
	TCF Financial Corp.		462,340		13,726,875		0.4	%
	Unum Group		664,142		11,589,278		0.3	%
	Valley National Bancorp		1,435,981		12,004,801		0.3	%
	Voya Financial, Inc.		459,861		20,771,921		0.6	%
	Zions Bancorp NA		440,377		13,920,317		0.4	%
	Other Securities				751,955,447		20.9	%

TOTAL FINANCIALS					1,031,545,676		29.0	%

TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (5.1%)
*	DaVita, Inc.		156,415	$	12,358,349		0.4	%
	Perrigo Co. P.L.C.		461,387		24,591,927		0.7	%
	Other Securities				152,020,848		4.2	%

TOTAL HEALTH CARE					188,971,124		5.3	%

INDUSTRIALS — (20.4%)
*	AECOM		475,783		17,251,892		0.5	%
	AGCO Corp.		273,209		14,436,364		0.4	%
	AMERCO		43,390		12,154,841		0.3	%
#*	Colfax Corp.		494,489		12,752,871		0.4	%
#	Knight-Swift Transportation Holdings, Inc.		663,046		24,652,050		0.7	%
	Oshkosh Corp.		177,390		11,979,147		0.3	%
	Owens Corning		439,700		19,065,392		0.5	%
	Quanta Services, Inc.		632,156		22,985,192		0.7	%
	Trinity Industries, Inc.		621,127		11,981,540		0.3	%
	Other Securities				602,776,424		17.0	%

TOTAL INDUSTRIALS					750,035,713		21.1	%

INFORMATION TECHNOLOGY — (10.9%)
*	Arrow Electronics, Inc.		378,565		23,819,310		0.7	%
*	CACI International, Inc., Class A		72,603		18,160,914		0.5	%
*	Diodes, Inc.		224,637		11,431,777		0.3	%
	Jabil, Inc.		540,808		15,380,580		0.4	%
	SYNNEX Corp.		210,135		18,399,421		0.5	%
*	Tech Data Corp.		202,316		28,453,722		0.8	%
	Other Securities				284,983,246		8.0	%

TOTAL INFORMATION TECHNOLOGY					400,628,970		11.2	%

MATERIALS — (6.7%)
	Ashland Global Holdings, Inc.		202,889		12,516,222		0.4	%
	Reliance Steel & Aluminum Co.		288,850		25,875,183		0.7	%
	Steel Dynamics, Inc.		469,769		11,401,294		0.3	%
	Other Securities				197,433,574		5.5	%

TOTAL MATERIALS					247,226,273		6.9	%

REAL ESTATE — (0.4%)
	Other Securities				14,197,481		0.4	%

UTILITIES — (0.3%)
	Other Securities				9,230,851		0.3	%

TOTAL COMMON STOCKS					3,554,121,824		99.8	%

PREFERRED STOCKS — (0.0%)

COMMUNICATION SERVICES — (0.0%)
	Other Security				366,625		0.0	%

TOTAL PREFERRED STOCKS					366,625		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $3,039,563,209)					3,554,488,449

TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO

CONTINUED


		Shares	Value†		Percentage of Net Assets‡
SECURITIES LENDING COLLATERAL — (3.2%)
@§	The DFA Short Term Investment Fund	10,041,372	$	116,188,716		3.2	%

TOTAL INVESTMENTS—(100.0%) (Cost $3,155,734,464)			$	3,670,677,165		103.0	%

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	114,081,626		—		—	$	114,081,626
Consumer Discretionary		456,085,447	$	10,334		—		456,095,781
Consumer Staples		174,974,399		—		—		174,974,399
Energy		167,133,930		—		—		167,133,930
Financials		1,031,433,517		112,159		—		1,031,545,676
Health Care		188,925,586		45,538		—		188,971,124
Industrials		750,035,713		—		—		750,035,713
Information Technology		400,627,860		1,110		—		400,628,970
Materials		247,226,273		—		—		247,226,273
Real Estate		14,197,481		—		—		14,197,481
Utilities		9,230,851		—		—		9,230,851
Preferred Stocks
Communication Services		366,625		—		—		366,625
Securities Lending Collateral		—		116,188,716		—		116,188,716

TOTAL	$	3,554,319,308	$	116,357,857		—	$	3,670,677,165

See accompanying Notes to Financial Statements.

TAX-MANAGED U.S. SMALL CAP PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (96.4%)
COMMUNICATION SERVICES — (2.8%)
	Cogent Communications Holdings, Inc.		88,424	$	7,412,584		0.3	%
	Shenandoah Telecommunications Co.		103,180		5,521,162		0.2	%
	Other Securities				58,387,022		2.4	%

TOTAL COMMUNICATION SERVICES					71,320,768		2.9	%

CONSUMER DISCRETIONARY — (12.5%)
	Churchill Downs, Inc.		64,854		6,499,668		0.3	%
*	Helen of Troy, Ltd.		49,830		8,186,072		0.3	%
	Lithia Motors, Inc., Class A		51,358		5,678,140		0.2	%
*	Murphy USA, Inc.		58,705		6,269,694		0.3	%
*	TopBuild Corp.		64,007		5,964,812		0.2	%
	Wendy’s Co. (The)		329,738		6,548,597		0.3	%
	Other Securities				280,491,984		11.4	%

TOTAL CONSUMER DISCRETIONARY					319,638,967		13.0	%

CONSUMER STAPLES — (4.4%)
*	Darling Ingredients, Inc.		292,864		6,030,070		0.2	%
	Sanderson Farms, Inc.		46,425		6,320,300		0.3	%
	Other Securities				99,776,417		4.0	%

TOTAL CONSUMER STAPLES					112,126,787		4.5	%

ENERGY — (2.3%)
	Other Securities				59,963,533		2.4	%

FINANCIALS — (20.4%)
	Cathay General Bancorp		196,272		5,479,914		0.2	%
	Community Bank System, Inc.		93,818		5,862,687		0.2	%
	FirstCash, Inc.		83,455		5,995,407		0.2	%
	Glacier Bancorp, Inc.		140,060		5,333,485		0.2	%
	Kemper Corp.		84,210		5,660,596		0.2	%
	Primerica, Inc.		56,551		5,876,214		0.2	%
	RLI Corp.		73,080		5,322,416		0.2	%
	TCF Financial Corp.		232,861		6,913,643		0.3	%
	Other Securities				475,514,508		19.4	%

TOTAL FINANCIALS					521,958,870		21.1	%

HEALTH CARE — (11.1%)
*	Amedisys, Inc.		68,500		12,614,960		0.5	%
*	Emergent BioSolutions, Inc.		71,414		5,281,065		0.2	%
*	Horizon Therapeutics P.L.C.		209,169		7,538,451		0.3	%
*	LHC Group, Inc.		66,750		8,676,832		0.4	%
*	Omnicell, Inc.		94,491		6,888,394		0.3	%
*	Quidel Corp.		56,818		7,897,702		0.3	%
*	Repligen Corp.		51,778		6,014,015		0.3	%
	Other Securities				228,167,337		9.2	%

TOTAL HEALTH CARE					283,078,756		11.5	%

TAX-MANAGED U.S. SMALL CAP PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
INDUSTRIALS — (18.7%)
*	Axon Enterprise, Inc.		93,223	$	6,778,244		0.3	%
*	Casella Waste Systems, Inc., Class A		141,849		6,578,957		0.3	%
	Exponent, Inc.		82,404		5,795,473		0.2	%
*	FTI Consulting, Inc.		70,273		8,949,969		0.4	%
*	Generac Holdings, Inc.		75,685		7,374,746		0.3	%
*	Mercury Systems, Inc.		72,666		6,478,901		0.3	%
	Regal Beloit Corp.		84,944		6,031,873		0.2	%
*	Saia, Inc.		63,326		5,858,922		0.2	%
	Simpson Manufacturing Co., Inc.		87,482		6,307,452		0.3	%
	Tetra Tech, Inc.		102,039		7,681,496		0.3	%
#*	Trex Co., Inc.		62,964		5,995,432		0.2	%
	Werner Enterprises, Inc.		136,384		5,471,726		0.2	%
	Other Securities				399,348,651		16.2	%

TOTAL INDUSTRIALS					478,651,842		19.4	%

INFORMATION TECHNOLOGY — (15.1%)
*	Anixter International, Inc.		63,706		5,915,739		0.2	%
	Cabot Microelectronics Corp.		44,906		5,502,781		0.2	%
*	CACI International, Inc., Class A		32,208		8,056,509		0.3	%
*	Cirrus Logic, Inc.		122,783		9,282,395		0.4	%
*	Lattice Semiconductor Corp.		271,513		6,111,758		0.3	%
*	Manhattan Associates, Inc.		114,370		8,113,408		0.3	%
*	Novanta, Inc.		68,099		5,917,122		0.2	%
	Power Integrations, Inc.		53,191		5,444,099		0.2	%
*	Silicon Laboratories, Inc.		58,169		5,655,190		0.2	%
*	Tech Data Corp.		67,381		9,476,464		0.4	%
	Other Securities				315,268,358		12.9	%

TOTAL INFORMATION TECHNOLOGY					384,743,823		15.6	%

MATERIALS — (4.9%)
	Other Securities				125,160,353		5.1	%

REAL ESTATE — (0.4%)
	Other Securities				11,437,623		0.5	%

UTILITIES — (3.8%)
	PNM Resources, Inc.		135,652		5,492,549		0.2	%
	Spire, Inc.		73,831		5,386,710		0.2	%
	Other Securities				85,215,571		3.5	%

TOTAL UTILITIES					96,094,830		3.9	%

TOTAL COMMON STOCKS					2,464,176,152		99.9	%

PREFERRED STOCKS — (0.0%)

COMMUNICATION SERVICES — (0.0%)
	Other Security				242,600		0.0	%

TOTAL PREFERRED STOCKS					242,600		0.0	%

TAX-MANAGED U.S. SMALL CAP PORTFOLIO

CONTINUED


		Shares	Value†		Percentage of Net Assets‡
RIGHTS/WARRANTS — (0.0%)
CONSUMER DISCRETIONARY — (0.0%)
	Other Security		$	310		0.0	%

TOTAL RIGHTS/WARRANTS				310		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $1,716,842,604)				2,464,419,062

TEMPORARY CASH INVESTMENTS — (0.3%)
	State Street Institutional U.S. Government Money Market Fund, 0.216%	8,458,636		8,458,636		0.3	%

SECURITIES LENDING COLLATERAL — (3.3%)
@§	The DFA Short Term Investment Fund	7,245,072		83,832,732		3.4	%

TOTAL INVESTMENTS—(100.0%) (Cost $1,809,107,011)			$	2,556,710,430		103.6	%

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	71,320,768		—		—	$	71,320,768
Consumer Discretionary		319,632,851	$	6,116		—		319,638,967
Consumer Staples		112,126,787		—		—		112,126,787
Energy		59,963,533		—		—		59,963,533
Financials		521,879,580		79,290		—		521,958,870
Health Care		282,928,194		150,562		—		283,078,756
Industrials		478,651,842		—		—		478,651,842
Information Technology		384,742,294		1,529		—		384,743,823
Materials		125,160,353		—		—		125,160,353
Real Estate		11,437,623		—		—		11,437,623
Utilities		96,094,830		—		—		96,094,830
Preferred Stocks
Communication Services		242,600		—		—		242,600
Rights/Warrants
Consumer Discretionary		—		310		—		310
Temporary Cash Investments		8,458,636		—		—		8,458,636
Securities Lending Collateral		—		83,832,732		—		83,832,732

TOTAL	$	2,472,639,891	$	84,070,539		—	$	2,556,710,430

See accompanying Notes to Financial Statements.

T.A. U.S. CORE EQUITY 2 PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (98.3%)
COMMUNICATION SERVICES — (7.4%)
*	Alphabet, Inc., Class A		34,928	$	47,037,538		0.6	%
*	Alphabet, Inc., Class C		36,723		49,526,841		0.6	%
	AT&T, Inc.		1,974,977		60,177,549		0.7	%
*	Charter Communications, Inc., Class A		59,771		29,600,392		0.4	%
	Comcast Corp., Class A		1,682,811		63,324,178		0.7	%
*	Facebook, Inc., Class A		392,789		80,407,836		0.9	%
	Verizon Communications, Inc.		1,431,638		82,247,603		1.0	%
	Walt Disney Co. (The)		279,758		30,255,828		0.4	%
	Other Securities				203,780,751		2.2	%

TOTAL COMMUNICATION SERVICES					646,358,516		7.5	%

CONSUMER DISCRETIONARY — (11.2%)
*	Amazon.com, Inc.		78,628		194,525,672		2.3	%
	Home Depot, Inc. (The)		122,083		26,837,506		0.3	%
	Lowe’s Cos., Inc.		216,161		22,642,865		0.3	%
	Target Corp.		210,806		23,133,850		0.3	%
	Other Securities				704,851,967		8.1	%

TOTAL CONSUMER DISCRETIONARY					971,991,860		11.3	%

CONSUMER STAPLES — (6.2%)
	Coca-Cola Co. (The)		900,750		41,335,418		0.5	%
	Costco Wholesale Corp.		80,474		24,383,622		0.3	%
	PepsiCo, Inc.		354,730		46,927,232		0.6	%
	Procter & Gamble Co. (The)		458,732		54,070,741		0.6	%
	Walmart, Inc.		373,710		45,424,450		0.5	%
	Other Securities				328,157,999		3.8	%

TOTAL CONSUMER STAPLES					540,299,462		6.3	%

ENERGY — (3.1%)
	Chevron Corp.		497,377		45,758,684		0.6	%
	Exxon Mobil Corp.		814,203		37,836,013		0.5	%
	Other Securities				181,376,537		2.0	%

TOTAL ENERGY					264,971,234		3.1	%

FINANCIALS — (14.1%)
	American Express Co.		272,571		24,872,104		0.3	%
	Bank of America Corp.		1,804,342		43,394,425		0.5	%
*	Berkshire Hathaway, Inc., Class B		371,483		69,601,055		0.8	%
	JPMorgan Chase & Co.		944,852		90,479,028		1.1	%
	Wells Fargo & Co.		1,078,109		31,319,066		0.4	%
	Other Securities				968,087,332		11.2	%

TOTAL FINANCIALS					1,227,753,010		14.3	%

HEALTH CARE — (13.6%)
	Amgen, Inc.		156,585		37,458,264		0.5	%
	Anthem, Inc.		82,100		23,047,933		0.3	%
*	Centene Corp.		349,840		23,292,347		0.3	%
*	Cigna Corp.		131,831		25,809,873		0.3	%

T.A. U.S. CORE EQUITY 2 PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (Continued)
	Eli Lilly and Co.		182,872	$	28,279,326		0.3	%
	Gilead Sciences, Inc.		360,165		30,253,860		0.4	%
	Johnson & Johnson		811,788		121,800,672		1.4	%
	Merck & Co., Inc.		627,369		49,775,456		0.6	%
	Pfizer, Inc.		1,591,302		61,042,345		0.7	%
	Thermo Fisher Scientific, Inc.		67,644		22,639,094		0.3	%
	UnitedHealth Group, Inc.		228,707		66,889,936		0.8	%
	Other Securities				691,558,769		7.9	%

TOTAL HEALTH CARE					1,181,847,875		13.8	%

INDUSTRIALS — (12.5%)
	3M Co.		156,943		23,842,781		0.3	%
	Union Pacific Corp.		237,535		37,955,718		0.5	%
	Other Securities				1,029,452,475		11.9	%

TOTAL INDUSTRIALS					1,091,250,974		12.7	%

INFORMATION TECHNOLOGY — (24.0%)
	Accenture P.L.C., Class A		148,259		27,456,084		0.3	%
	Apple, Inc.		1,470,798		432,120,452		5.0	%
	Cisco Systems, Inc.		1,202,069		50,943,684		0.6	%
	Intel Corp.		1,824,849		109,454,443		1.3	%
	International Business Machines Corp.		253,782		31,864,868		0.4	%
	Mastercard, Inc., Class A		216,100		59,421,017		0.7	%
*	Micron Technology, Inc.		577,622		27,662,318		0.3	%
	Microsoft Corp.		1,706,556		305,831,901		3.6	%
	Oracle Corp.		657,349		34,819,777		0.4	%
	QUALCOMM, Inc.		407,518		32,059,441		0.4	%
	Texas Instruments, Inc.		256,744		29,800,276		0.4	%
	Visa, Inc., Class A		398,435		71,208,303		0.8	%
	Other Securities				877,941,476		10.2	%

TOTAL INFORMATION TECHNOLOGY					2,090,584,040		24.4	%

MATERIALS — (3.9%)
	Other Securities				336,577,872		3.9	%

REAL ESTATE — (0.3%)
	Other Securities				21,400,803		0.3	%

UTILITIES — (2.0%)
	Other Securities				177,135,690		2.1	%

TOTAL COMMON STOCKS					8,550,171,336		99.7	%

PREFERRED STOCKS — (0.0%)

COMMUNICATION SERVICES — (0.0%)
	Other Security				236,250		0.0	%

T.A. U.S. CORE EQUITY 2 PORTFOLIO

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
INDUSTRIALS — (0.0%)
	Other Security			$	836		0.0	%

TOTAL PREFERRED STOCKS					237,086		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $5,290,579,705)					8,550,408,422

TEMPORARY CASH INVESTMENTS — (0.3%)
	State Street Institutional U.S. Government Money Market Fund, 0.216%		27,391,638		27,391,638		0.3	%

SECURITIES LENDING COLLATERAL — (1.4%)
@§	The DFA Short Term Investment Fund		10,501,092		121,508,139		1.4	%

TOTAL INVESTMENTS—(100.0%) (Cost $5,439,448,388)				$	8,699,308,199		101.4	%

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	646,358,516		—		—	$	646,358,516
Consumer Discretionary		971,988,206	$	3,654		—		971,991,860
Consumer Staples		540,299,462		—		—		540,299,462
Energy		264,971,234		—		—		264,971,234
Financials		1,227,722,974		30,036		—		1,227,753,010
Health Care		1,181,767,612		80,263		—		1,181,847,875
Industrials		1,091,250,974		—		—		1,091,250,974
Information Technology		2,090,584,040		—		—		2,090,584,040
Materials		336,577,872		—		—		336,577,872
Real Estate		21,400,803		—		—		21,400,803
Utilities		177,135,690		—		—		177,135,690
Preferred Stocks
Communication Services		236,250		—		—		236,250
Industrials		836		—		—		836
Temporary Cash Investments		27,391,638		—		—		27,391,638
Securities Lending Collateral		—		121,508,139		—		121,508,139

TOTAL	$	8,577,686,107	$	121,622,092		—	$	8,699,308,199

See accompanying Notes to Financial Statements.

TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (98.6%)
AUSTRALIA — (5.3%)
	Australia & New Zealand Banking Group, Ltd.		1,654,535	$	17,972,321		0.7	%
	Fortescue Metals Group, Ltd.		1,680,744		12,844,661		0.5	%
	National Australia Bank, Ltd.		1,197,692		13,123,685		0.5	%
	Westpac Banking Corp.		2,122,830		22,086,227		0.9	%
	Other Securities				56,642,035		2.5	%

TOTAL AUSTRALIA					122,668,929		5.1	%

AUSTRIA — (0.1%)
	Other Securities				1,420,978		0.0	%

BELGIUM — (1.1%)
	Other Securities				26,627,571		1.1	%

CANADA — (8.7%)
	Bank of Montreal 063671101		423,189		21,540,320		0.9	%
	Bank of Nova Scotia (The)		358,569		14,392,960		0.6	%
	Canadian Imperial Bank of Commerce		205,056		12,150,594		0.5	%
	Canadian Natural Resources, Ltd.		1,074,369		18,006,424		0.7	%
*	Kinross Gold Corp.		1,947,880		12,860,388		0.5	%
	Magna International, Inc.		353,662		13,803,428		0.6	%
	Other Securities				109,313,670		4.5	%

TOTAL CANADA					202,067,784		8.3	%

DENMARK — (2.7%)
	DSV Panalpina A.S.		161,387		16,768,140		0.7	%
	Vestas Wind Systems A.S.		200,476		17,215,501		0.7	%
	Other Securities				28,148,923		1.2	%

TOTAL DENMARK					62,132,564		2.6	%

FINLAND — (1.1%)
	Other Securities				25,482,176		1.0	%

FRANCE — (9.7%)
	BNP Paribas SA		476,283		14,963,060		0.6	%
	Cie de Saint-Gobain		447,063		11,895,411		0.5	%
	Cie Generale des Etablissements Michelin SCA		189,836		18,342,150		0.8	%
	Orange SA		1,734,362		21,070,822		0.9	%
	Total SA		1,487,320		52,788,516		2.2	%
	Other Securities				107,507,479		4.4	%

TOTAL FRANCE					226,567,438		9.4	%

GERMANY — (6.2%)
	Allianz SE		111,431		20,506,787		0.8	%
	BASF SE		263,199		13,469,595		0.6	%
	Bayer AG		206,051		13,551,842		0.6	%
	Bayerische Motoren Werke AG		244,086		14,358,402		0.6	%
	Daimler AG		658,059		22,507,582		0.9	%

TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
GERMANY — (Continued)
	Other Securities			$	60,273,446		2.5	%

TOTAL GERMANY					144,667,654		6.0	%

HONG KONG — (3.7%)
	CK Hutchison Holdings, Ltd.		1,759,848		13,044,294		0.5	%
	Sun Hung Kai Properties, Ltd.		1,206,934		16,503,403		0.7	%
	Other Securities				57,592,343		2.4	%

TOTAL HONG KONG					87,140,040		3.6	%

IRELAND — (0.4%)
	Other Securities				9,658,274		0.4	%

ISRAEL — (0.5%)
	Other Securities				11,411,055		0.5	%

ITALY — (1.4%)
	Other Securities				31,647,111		1.3	%

JAPAN — (24.5%)
	Hitachi, Ltd.		630,200		18,703,973		0.8	%
	Honda Motor Co., Ltd.		1,145,088		27,807,497		1.1	%
	Mitsubishi Corp.		629,900		13,358,911		0.6	%
	SoftBank Group Corp.		427,100		18,306,617		0.8	%
	Sumitomo Mitsui Financial Group, Inc.		567,527		14,924,387		0.6	%
	Toyota Motor Corp.		709,088		43,840,686		1.8	%
	Toyota Motor Corp., Sponsored ADR		380		46,971		0.0	%
	Other Securities				435,750,162		18.0	%

TOTAL JAPAN					572,739,204		23.7	%

NETHERLANDS — (3.9%)
	Koninklijke Ahold Delhaize NV		1,350,935		32,801,151		1.4	%
	Koninklijke DSM NV		161,253		19,763,466		0.8	%
	Other Securities				39,354,028		1.6	%

TOTAL NETHERLANDS					91,918,645		3.8	%

NEW ZEALAND — (0.3%)
	Other Securities				6,388,601		0.3	%

NORWAY — (0.6%)
	Other Securities				13,173,171		0.5	%

PORTUGAL — (0.1%)
	Other Securities				2,319,727		0.1	%

SINGAPORE — (1.2%)
	Other Securities				29,079,923		1.2	%

SPAIN — (1.1%)
	Banco Santander SA		5,442,658		12,161,004		0.5	%
	Other Securities				13,719,988		0.6	%

TOTAL SPAIN					25,880,992		1.1	%

TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
SWEDEN — (2.8%)
	Other Securities			$	65,468,537		2.7	%

SWITZERLAND — (11.2%)
	ABB, Ltd.		919,213		17,448,749		0.7	%
	Cie Financiere Richemont SA		246,911		14,008,108		0.6	%
	Lonza Group AG		58,033		25,341,013		1.0	%
	Novartis AG		411,267		35,096,890		1.5	%
	Novartis AG, Sponsored ADR		311,852		26,423,222		1.1	%
	Swisscom AG		22,419		11,648,730		0.5	%
	UBS Group AG		1,200,838		12,857,966		0.5	%
	Zurich Insurance Group AG		134,082		42,511,278		1.8	%
	Other Securities				76,783,068		3.1	%

TOTAL SWITZERLAND					262,119,024		10.8	%

UNITED KINGDOM — (12.0%)
	Aviva P.L.C.		4,325,365		13,080,453		0.5	%
	BP P.L.C., Sponsored ADR		1,499,644		35,691,533		1.5	%
	British American Tobacco P.L.C.		657,255		25,333,377		1.0	%
	HSBC Holdings P.L.C., Sponsored ADR		458,178		11,788,920		0.5	%
	Lloyds Banking Group P.L.C.		42,781,942		17,309,916		0.7	%
	Royal Dutch Shell P.L.C., Class A		159,771		2,630,509		0.1	%
	Royal Dutch Shell P.L.C., Class B		106,926		1,711,739		0.1	%
	Royal Dutch Shell P.L.C., Sponsored ADR, Class A		1,024,535		33,942,836		1.4	%
	Royal Dutch Shell P.L.C., Sponsored ADR, Class B		1,195,222		38,211,247		1.6	%
	Vodafone Group P.L.C.		16,742,038		23,617,553		1.0	%
	Vodafone Group P.L.C., Sponsored ADR		364,865		5,159,186		0.2	%
	Other Securities				72,114,194		3.0	%

TOTAL UNITED KINGDOM					280,591,463		11.6	%

UNITED STATES — (0.0%)
	Other Securities				325,950		0.0	%

TOTAL COMMON STOCKS					2,301,496,811		95.1	%

PREFERRED STOCKS — (1.0%)

GERMANY — (1.0%)
	Volkswagen AG		132,408		18,422,077		0.7	%
	Other Securities				6,075,385		0.3	%

TOTAL GERMANY					24,497,462		1.0	%

TOTAL INVESTMENT SECURITIES (Cost $2,737,130,527)					2,325,994,273


				Value†
SECURITIES LENDING COLLATERAL — (0.4%)
@§	The DFA Short Term Investment Fund		752,247		8,704,245		0.3	%

TOTAL INVESTMENTS—(100.0%) (Cost $2,745,831,929)				$	2,334,698,518		96.4	%

TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO

CONTINUED

As of April 30, 2020, Tax-Managed DFA International Value Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		536		06/19/20	$	78,008,391	$	77,784,320	$	(224,071	)

Total Futures Contracts					$	78,008,391	$	77,784,320	$	(224,071	)

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1			Level 2		Level 3		Total
Common Stocks
Australia	$	7,898,883		$	114,770,046		—	$	122,668,929
Austria		—			1,420,978		—		1,420,978
Belgium		—			26,627,571		—		26,627,571
Canada		202,067,784			—		—		202,067,784
Denmark		—			62,132,564		—		62,132,564
Finland		—			25,482,176		—		25,482,176
France		—			226,567,438		—		226,567,438
Germany		2,862,594			141,805,060		—		144,667,654
Hong Kong		—			87,140,040		—		87,140,040
Ireland		4,436,375			5,221,899		—		9,658,274
Israel		4,328,252			7,082,803		—		11,411,055
Italy		3,920,839			27,726,272		—		31,647,111
Japan		4,340,881			568,398,323		—		572,739,204
Netherlands		3,360,864			88,557,781		—		91,918,645
New Zealand		—			6,388,601		—		6,388,601
Norway		568,717			12,604,454		—		13,173,171
Portugal		—			2,319,727		—		2,319,727
Singapore		—			29,079,923		—		29,079,923
Spain		853,312			25,027,680		—		25,880,992
Sweden		—			65,468,537		—		65,468,537
Switzerland		32,624,426			229,494,598		—		262,119,024
United Kingdom		136,453,830			144,137,633		—		280,591,463
United States		325,950			—		—		325,950
Preferred Stocks
Germany		—			24,497,462		—		24,497,462
Securities Lending Collateral		—			8,704,245		—		8,704,245
Futures Contracts**		(224,071	)		—		—		(224,071	)

TOTAL	$	403,818,636		$	1,930,655,811		—	$	2,334,474,447

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

See accompanying Notes to Financial Statements.

T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (98.7%)
AUSTRALIA — (4.1%)
	BHP Group, Ltd.		329,587	$	6,728,288		0.3	%
	CSL, Ltd.		29,256		5,831,518		0.2	%
	Other Securities				106,982,169		3.6	%

TOTAL AUSTRALIA					119,541,975		4.1	%

AUSTRIA — (0.4%)
	Other Securities				10,877,132		0.4	%

BELGIUM — (0.9%)
	Other Securities				25,545,332		0.9	%

BRAZIL — (1.4%)
	Vale SA		622,420		5,134,657		0.2	%
	Other Securities				36,419,600		1.2	%

TOTAL BRAZIL					41,554,257		1.4	%

CANADA — (6.5%)
	Canadian Natural Resources, Ltd.		243,323		4,078,093		0.2	%
	Royal Bank of Canada 2754383		73,553		4,524,834		0.2	%
	Royal Bank of Canada 780087102		133,402		8,216,229		0.3	%
	Other Securities				170,479,485		5.8	%

TOTAL CANADA					187,298,641		6.5	%

CHILE — (0.2%)
	Other Securities				6,583,118		0.2	%

CHINA — (9.2%)
*	Alibaba Group Holding, Ltd., Sponsored ADR		40,123		8,131,728		0.3	%
	China Construction Bank Corp., Class H		10,285,200		8,255,551		0.3	%
	China Mobile, Ltd.		798,000		6,415,167		0.2	%
	China Overseas Land & Investment, Ltd.		1,438,827		5,314,949		0.2	%
	Industrial & Commercial Bank of China, Ltd., Class H		7,236,460		4,852,112		0.2	%
	Ping An Insurance Group Co. of China, Ltd., Class H		883,500		8,990,724		0.3	%
	Tencent Holdings, Ltd.		421,000		22,131,731		0.8	%
	Other Securities				200,543,346		6.9	%

TOTAL CHINA					264,635,308		9.2	%

COLOMBIA — (0.1%)
	Other Securities				1,767,473		0.1	%

CZECH REPUBLIC — (0.0%)
	Other Securities				1,062,059		0.0	%

DENMARK — (1.5%)
	Novo Nordisk A.S., Class B		132,667		8,462,829		0.3	%
	Other Securities				34,473,386		1.2	%

TOTAL DENMARK					42,936,215		1.5	%

T.A. WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
EGYPT — (0.0%)
	Other Securities			$	366,448		0.0	%

FINLAND — (1.0%)
	Other Securities				28,995,250		1.0	%

FRANCE — (5.3%)
	Cie Generale des Etablissements Michelin SCA		50,834		4,911,633		0.2	%
	LVMH Moet Hennessy Louis Vuitton SE		19,841		7,670,383		0.3	%
	Orange SA		384,186		4,667,489		0.2	%
	Sanofi		43,296		4,228,882		0.2	%
	Total SA		245,534		8,714,584		0.3	%
	Vinci SA		59,854		4,903,355		0.2	%
	Other Securities				117,301,725		3.9	%

TOTAL FRANCE					152,398,051		5.3	%

GERMANY — (4.5%)
	Allianz SE		23,343		4,295,842		0.2	%
	Bayer AG		152,294		10,016,278		0.4	%
	Daimler AG		150,918		5,161,846		0.2	%
	Other Securities				110,466,909		3.7	%

TOTAL GERMANY					129,940,875		4.5	%

GREECE — (0.1%)
	Other Securities				2,427,479		0.1	%

HONG KONG — (2.2%)
	AIA Group, Ltd.		568,600		5,218,478		0.2	%
	Other Securities				57,597,170		2.0	%

TOTAL HONG KONG					62,815,648		2.2	%

HUNGARY — (0.1%)
	Other Securities				2,393,823		0.1	%

INDIA — (3.1%)
	Reliance Industries, Ltd.		248,811		4,831,035		0.2	%
	Other Securities				84,223,206		2.9	%

TOTAL INDIA					89,054,241		3.1	%

INDONESIA — (0.5%)
	Other Securities				15,498,778		0.5	%

IRELAND — (0.5%)
	CRH P.L.C., Sponsored ADR		186,326		5,612,139		0.2	%
	Other Securities				9,476,691		0.3	%

TOTAL IRELAND					15,088,830		0.5	%

ISRAEL — (0.6%)
	Other Securities				17,349,192		0.6	%

ITALY — (1.8%)
	Other Securities				52,256,874		1.8	%

T.A. WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
JAPAN — (18.5%)
	KDDI Corp.		186,100	$	5,390,250		0.2	%
	NTT DOCOMO, Inc.		138,800		4,090,606		0.2	%
	SoftBank Group Corp.		315,992		13,544,239		0.5	%
	Sony Corp.		88,100		5,669,594		0.2	%
	Toyota Motor Corp.		290,520		17,961,971		0.6	%
	Toyota Motor Corp., Sponsored ADR		42,528		5,256,036		0.2	%
	Other Securities				483,469,442		16.7	%

TOTAL JAPAN					535,382,138		18.6	%

MALAYSIA — (0.6%)
	Other Securities				18,775,651		0.6	%

MEXICO — (0.6%)
	Other Securities				17,895,251		0.6	%

NETHERLANDS — (2.2%)
	Akzo Nobel NV		57,385		4,354,929		0.2	%
	ASML Holding NV		20,680		5,964,588		0.2	%
	Unilever NV 904784709		94,159		4,653,338		0.2	%
	Other Securities				49,929,269		1.7	%

TOTAL NETHERLANDS					64,902,124		2.3	%

NEW ZEALAND — (0.3%)
	Other Securities				9,937,083		0.3	%

NORWAY — (0.6%)
	Other Securities				16,056,149		0.6	%

PERU — (0.0%)
	Other Securities				508,963		0.0	%

PHILIPPINES — (0.3%)
	Other Securities				8,125,476		0.3	%

POLAND — (0.3%)
	Other Securities				7,470,328		0.3	%

PORTUGAL — (0.2%)
	Other Securities				5,021,439		0.2	%

QATAR — (0.0%)
	Other Securities				129,832		0.0	%

RUSSIA — (0.4%)
	Other Securities				10,689,132		0.4	%

SAUDI ARABIA — (0.1%)
	Other Securities				2,132,829		0.1	%

SINGAPORE — (0.7%)
	Other Securities				20,803,240		0.7	%

SOUTH AFRICA — (1.4%)
	Other Securities				40,157,704		1.4	%

T.A. WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
SOUTH KOREA — (3.9%)
	Samsung Electronics Co., Ltd.		504,791	$	20,755,757		0.7	%
	Samsung Electronics Co., Ltd. US7960508882, GDR		9,769		10,151,276		0.4	%
	Other Securities				81,725,689		2.8	%

TOTAL SOUTH KOREA					112,632,722		3.9	%

SPAIN — (1.6%)
	Iberdrola S.A.		493,390		4,908,131		0.2	%
	Other Securities				40,050,840		1.4	%

TOTAL SPAIN					44,958,971		1.6	%

SWEDEN — (1.9%)
	Other Securities				55,810,414		1.9	%

SWITZERLAND — (5.4%)
	Nestle SA		291,193		30,840,256		1.1	%
	Novartis AG, Sponsored ADR		109,149		9,248,195		0.3	%
	Roche Holding AG CH0012032048		51,641		17,883,141		0.6	%
	Other Securities				98,195,457		3.4	%

TOTAL SWITZERLAND					156,167,049		5.4	%

TAIWAN — (5.3%)
	Taiwan Semiconductor Manufacturing Co., Ltd., Sponsored ADR		296,894		15,773,978		0.6	%
	Other Securities				137,125,279		4.7	%

TOTAL TAIWAN					152,899,257		5.3	%

THAILAND — (0.7%)
	Other Securities				20,969,367		0.7	%

TURKEY — (0.2%)
	Other Securities				6,424,253		0.2	%

UNITED ARAB EMIRATES — (0.0%)
	Other Securities				69,855		0.0	%

UNITED KINGDOM — (9.4%)
	AstraZeneca P.L.C., Sponsored ADR		178,391		9,326,281		0.3	%
	BP P.L.C., Sponsored ADR		530,397		12,623,450		0.5	%
	GlaxoSmithKline P.L.C., Sponsored ADR		198,016		8,330,533		0.3	%
	HSBC Holdings P.L.C., Sponsored ADR		177,023		4,554,802		0.2	%
	Rio Tinto P.L.C., Sponsored ADR		108,298		5,002,285		0.2	%
	Royal Dutch Shell P.L.C., Sponsored ADR, Class A		181,989		6,029,287		0.2	%
	Royal Dutch Shell P.L.C., Sponsored ADR, Class B		143,548		4,589,230		0.2	%
	Other Securities				221,659,898		7.5	%

TOTAL UNITED KINGDOM					272,115,766		9.4	%

UNITED STATES — (0.1%)
	Other Securities				1,666,402		0.1	%

TOTAL COMMON STOCKS					2,852,088,394		98.9	%

T.A. WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
PREFERRED STOCKS — (0.7%)
BRAZIL — (0.3%)
	Other Securities			$	7,009,743		0.3	%

CHILE — (0.0%)
	Other Securities				158,856		0.0	%

COLOMBIA — (0.0%)
	Other Securities				222,564		0.0	%

GERMANY — (0.4%)
	Volkswagen AG		34,797		4,841,347		0.2	%
	Other Securities				7,230,966		0.2	%

TOTAL GERMANY					12,072,313		0.4	%

SOUTH KOREA — (0.0%)
	Other Security				3,814		0.0	%

TOTAL PREFERRED STOCKS					19,467,290		0.7	%

RIGHTS/WARRANTS — (0.0%)

CANADA — (0.0%)
	Other Securities				112,415		0.0	%

TAIWAN — (0.0%)
	Other Securities				1,963		0.0	%

SOUTH KOREA — (0.0%)
	Other Securities				1,576		0.0	%

NORWAY — (0.0%)
	Other Security				6,550		0.0	%

ISRAEL — (0.0%)
	Other Security				945		0.0	%

TOTAL RIGHTS/WARRANTS					123,449		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $3,006,172,648)					2,871,679,133


				Value†
SECURITIES LENDING COLLATERAL — (0.6%)
@§	The DFA Short Term Investment Fund		1,434,287		16,596,137		0.6	%

TOTAL INVESTMENTS—(100.0%) (Cost $3,022,763,800)				$	2,888,275,270		100.2	%

T.A. WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	3,030,194	$	116,511,781		—	$	119,541,975
Austria		—		10,877,132		—		10,877,132
Belgium		1,160,461		24,384,871		—		25,545,332
Brazil		41,554,257		—		—		41,554,257
Canada		185,702,138		1,596,503		—		187,298,641
Chile		6,583,118		—		—		6,583,118
China		33,095,082		231,540,226		—		264,635,308
Colombia		1,767,473		—		—		1,767,473
Czech Republic		—		1,062,059		—		1,062,059
Denmark		1,318,531		41,617,684		—		42,936,215
Egypt		221,752		144,696		—		366,448
Finland		—		28,995,250		—		28,995,250
France		2,308,477		150,089,574		—		152,398,051
Germany		5,538,736		124,402,139		—		129,940,875
Greece		—		2,427,479		—		2,427,479
Hong Kong		258,777		62,556,871		—		62,815,648
Hungary		—		2,393,823		—		2,393,823
India		3,269,611		85,784,630		—		89,054,241
Indonesia		293,986		15,204,792		—		15,498,778
Ireland		5,612,139		9,476,691		—		15,088,830
Israel		1,998,739		15,350,453		—		17,349,192
Italy		2,514,526		49,742,348		—		52,256,874
Japan		12,113,839		523,268,299		—		535,382,138
Malaysia		—		18,775,651		—		18,775,651
Mexico		17,894,957		294		—		17,895,251
Netherlands		14,149,719		50,752,405		—		64,902,124
New Zealand		47,108		9,889,975		—		9,937,083
Norway		526,722		15,529,427		—		16,056,149
Peru		508,963		—		—		508,963
Philippines		222,502		7,902,974		—		8,125,476
Poland		—		7,470,328		—		7,470,328
Portugal		—		5,021,439		—		5,021,439
Qatar		—		129,832		—		129,832
Russia		4,957,894		5,731,238		—		10,689,132
Saudi Arabia		—		2,132,829		—		2,132,829
Singapore		3,895		20,799,345		—		20,803,240
South Africa		8,163,932		31,993,772		—		40,157,704
South Korea		3,063,773		109,568,949		—		112,632,722
Spain		1,238,472		43,720,499		—		44,958,971
Sweden		153,958		55,656,456		—		55,810,414
Switzerland		16,426,270		139,740,779		—		156,167,049
Taiwan		16,418,730		136,480,527		—		152,899,257
Thailand		20,969,367		—		—		20,969,367
Turkey		45,510		6,378,743		—		6,424,253
United Arab Emirates		—		69,855		—		69,855
United Kingdom		67,287,796		204,827,970		—		272,115,766
United States		1,116,728		549,674		—		1,666,402
Preferred Stocks
Brazil		7,009,743		—		—		7,009,743
Chile		158,856		—		—		158,856
Colombia		222,564		—		—		222,564

T.A. WORLDEX U.S. CORE EQUITY PORTFOLIO

CONTINUED


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Germany		—	$	12,072,313		—	$	12,072,313
South Korea		—		3,814		—		3,814
Rights/Warrants
Canada		—		112,415		—		112,415
Israel		—		945		—		945
Norway		—		6,550		—		6,550
South Korea		—		1,576		—		1,576
Taiwan		—		1,963		—		1,963
Securities Lending Collateral		—		16,596,137		—		16,596,137

TOTAL	$	488,929,295	$	2,399,345,975		—	$	2,888,275,270

See accompanying Notes to Financial Statements.

WORLD EX U.S. TARGETED VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value»		Percentage of Net Assets‡
COMMON STOCKS — (98.3%)
AUSTRALIA — (5.1%)
	Caltex Australia, Ltd.		52,110	$	838,965		0.2	%
	Tabcorp Holdings, Ltd.		419,954		875,551		0.2	%
	Other Securities				19,762,972		4.7	%

TOTAL AUSTRALIA					21,477,488		5.1	%

AUSTRIA — (0.6%)
	Other Securities				2,506,880		0.6	%

BELGIUM — (1.2%)
	Ageas		30,077		1,084,099		0.3	%
	Other Securities				4,000,714		0.9	%

TOTAL BELGIUM					5,084,813		1.2	%

BRAZIL — (1.2%)
	Other Securities				4,915,915		1.2	%

CANADA — (7.1%)
	Alamos Gold, Inc., Class A		102,377		824,488		0.2	%
	B2Gold Corp.		190,000		960,954		0.2	%
	Element Fleet Management Corp.		116,683		860,903		0.2	%
	First Quantum Minerals, Ltd.		149,128		910,656		0.2	%
*	Kinross Gold Corp.		199,915		1,319,889		0.3	%
	Kirkland Lake Gold, Ltd.		24,321		1,005,366		0.3	%
	Onex Corp.		17,729		817,194		0.2	%
	Pan American Silver Corp.		44,306		942,182		0.2	%
	Yamana Gold, Inc.		273,095		1,287,046		0.3	%
	Other Securities				21,240,186		5.0	%

TOTAL CANADA					30,168,864		7.1	%

CHILE — (0.1%)
	Other Securities				368,665		0.1	%

CHINA — (7.4%)
	China National Building Material Co., Ltd., Class H		918,200		1,146,966		0.3	%
	Other Securities				30,495,809		7.2	%

TOTAL CHINA					31,642,775		7.5	%

COLOMBIA — (0.0%)
	Other Securities				140,598		0.0	%

DENMARK — (1.4%)
	Other Securities				5,893,201		1.4	%

FINLAND — (1.5%)
	Kesko Oyj, Class B		50,352		820,440		0.2	%
	Stora Enso Oyj, Class R		130,484		1,535,086		0.4	%
	Other Securities				3,899,422		0.9	%

TOTAL FINLAND					6,254,948		1.5	%

WORLDEX U.S. TARGETED VALUE PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
FRANCE — (4.1%)
	Arkema SA		10,149	$	844,731		0.2	%
	Atos SE		15,454		1,105,180		0.3	%
	Eiffage SA		12,656		1,034,271		0.3	%
#	Iliad SA		7,137		1,062,848		0.3	%
	Ingenico Group SA		7,869		990,060		0.2	%
	SCOR SE		39,667		1,117,605		0.3	%
	Valeo SA		53,015		1,215,256		0.3	%
	Other Securities				9,878,857		2.2	%

TOTAL FRANCE					17,248,808		4.1	%

GERMANY — (4.7%)
	Commerzbank AG		218,384		805,167		0.2	%
	Covestro AG		37,361		1,254,998		0.3	%
	HeidelbergCement AG		22,177		1,051,436		0.3	%
	Lanxess AG		17,402		856,272		0.2	%
#*	OSRAM Licht AG		24,756		1,089,374		0.3	%
	Other Securities				15,112,889		3.5	%

TOTAL GERMANY					20,170,136		4.8	%

GREECE — (0.1%)
	Other Securities				246,488		0.1	%

HONG KONG — (1.7%)
	Other Securities				7,406,411		1.7	%

INDIA — (2.6%)
	Other Securities				11,207,210		2.6	%

INDONESIA — (0.4%)
	Other Securities				1,801,573		0.4	%

IRELAND — (0.7%)
*	Flutter Entertainment P.L.C.		11,122		1,368,817		0.3	%
	Other Securities				1,593,616		0.4	%

TOTAL IRELAND					2,962,433		0.7	%

ISRAEL — (0.8%)
	Other Securities				3,272,393		0.8	%

ITALY — (2.7%)
	Mediobanca Banca di Credito Finanziario SpA		137,838		801,322		0.2	%
	Unione di Banche Italiane SpA		290,287		832,158		0.2	%
	Other Securities				9,759,280		2.3	%

TOTAL ITALY					11,392,760		2.7	%

JAPAN — (19.1%)
	Other Securities				81,240,941		19.1	%

MALAYSIA — (0.8%)
	Other Securities				3,218,589		0.8	%

MEXICO — (0.5%)
	Other Securities				2,199,955		0.5	%

WORLDEX U.S. TARGETED VALUE PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
NETHERLANDS — (1.8%)
	ASR Nederland NV		38,573	$	1,033,725		0.3	%
	NN Group NV		37,860		1,095,197		0.3	%
	Randstad NV		23,034		927,016		0.2	%
	Other Securities				4,551,596		1.0	%

TOTAL NETHERLANDS					7,607,534		1.8	%

NEW ZEALAND — (0.4%)
	Other Securities				1,793,800		0.4	%

NORWAY — (0.6%)
	Other Securities				2,372,002		0.6	%

PHILIPPINES — (0.2%)
	Other Securities				1,032,047		0.2	%

POLAND — (0.3%)
	Other Securities				1,075,235		0.2	%

PORTUGAL — (0.1%)
	Other Securities				607,717		0.1	%

QATAR — (0.0%)
	Other Securities				112,884		0.0	%

RUSSIA — (0.3%)
	Other Securities				1,131,822		0.3	%

SAUDI ARABIA — (0.1%)
	Other Securities				523,821		0.1	%

SINGAPORE — (0.6%)
	Other Securities				2,718,188		0.6	%

SOUTH AFRICA — (1.2%)
*	Sibanye Stillwater, Ltd.		443,911		904,323		0.2	%
	Other Securities				4,130,333		1.0	%

TOTAL SOUTH AFRICA					5,034,656		1.2	%

SOUTH KOREA — (4.1%)
	Other Securities				17,516,691		4.1	%

SPAIN — (1.3%)
	Other Securities				5,342,313		1.3	%

SWEDEN — (2.2%)
	Other Securities				9,175,846		2.2	%

SWITZERLAND — (4.5%)
	Baloise Holding AG		14,424		2,158,082		0.5	%
	Swatch Group AG (The)		6,068		1,217,615		0.3	%
	Swiss Prime Site AG		15,313		1,457,897		0.4	%
	Other Securities				14,236,541		3.3	%

TOTAL SWITZERLAND					19,070,135		4.5	%

WORLDEX U.S. TARGETED VALUE PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
TAIWAN — (5.0%)
	Other Securities			$	21,379,622		5.0	%

THAILAND — (0.8%)
	Other Securities				3,449,488		0.8	%

TURKEY — (0.2%)
	Other Securities				932,985		0.2	%

UNITED ARAB EMIRATES — (0.1%)
	Other Securities				246,509		0.1	%

UNITED KINGDOM — (10.5%)
	Barratt Developments P.L.C.		181,197		1,181,288		0.3	%
	Bellway P.L.C.		31,871		1,066,446		0.3	%
	Berkeley Group Holdings P.L.C.		21,602		1,133,955		0.3	%
	DS Smith P.L.C.		281,843		1,105,092		0.3	%
	GVC Holdings P.L.C.		97,443		924,914		0.2	%
	J Sainsbury P.L.C.		388,287		966,366		0.2	%
	Kingfisher P.L.C.		565,062		1,120,965		0.3	%
	Phoenix Group Holdings P.L.C.		137,472		1,043,182		0.3	%
	RSA Insurance Group P.L.C.		203,552		922,509		0.2	%
	Taylor Wimpey P.L.C.		647,526		1,195,877		0.3	%
	Travis Perkins P.L.C.		65,091		849,924		0.2	%
	Whitbread P.L.C.		29,175		1,094,434		0.3	%
	Wm Morrison Supermarkets P.L.C.		534,999		1,229,520		0.3	%
	Other Securities				31,024,652		7.1	%

TOTAL UNITED KINGDOM					44,859,124		10.6	%

UNITED STATES — (0.2%)
	Other Securities				1,001,562		0.2	%

TOTAL COMMON STOCKS					417,805,825		98.5	%

PREFERRED STOCKS — (0.4%)

BRAZIL — (0.2%)
	Other Securities				1,101,710		0.2	%

COLOMBIA — (0.0%)
	Other Security				13,390		0.0	%

GERMANY — (0.2%)
	Other Securities				764,824		0.2	%

TOTAL PREFERRED STOCKS					1,879,924		0.4	%

RIGHTS/WARRANTS — (0.0%)

CANADA — (0.0%)
	Other Security				32,087		0.0	%

TAIWAN — (0.0%)
	Other Securities				849		0.0	%

WORLDEX U.S. TARGETED VALUE PORTFOLIO

CONTINUED


		Shares		Value»		Percentage of Net Assets‡
NORWAY — (0.0%)
	Other Security			$	4,735		0.0	%

TOTAL RIGHTS/WARRANTS					37,671		0.0	%

TOTAL INVESTMENT SECURITIES (Cost $546,417,437)					419,723,420


				Value†
SECURITIES LENDING COLLATERAL — (1.3%)
@§	The DFA Short Term Investment Fund		479,872		5,552,602		1.3	%

TOTAL INVESTMENTS—(100.0%) (Cost $551,968,166)				$	425,276,022		100.2	%

As of April 30, 2020, World ex U.S. Targeted Value Portfolio had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		15		06/19/20	$	2,085,671	$	2,176,800	$	91,129

Total Futures Contracts					$	2,085,671	$	2,176,800	$	91,129

Summary of the Portfolio’s investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	148,432	$	21,329,056		—	$	21,477,488
Austria		—		2,506,880		—		2,506,880
Belgium		—		5,084,813		—		5,084,813
Brazil		4,915,915		—		—		4,915,915
Canada		30,098,646		70,218		—		30,168,864
Chile		368,665		—		—		368,665
China		1,341,372		30,301,403		—		31,642,775
Colombia		140,598		—		—		140,598
Denmark		—		5,893,201		—		5,893,201
Finland		—		6,254,948		—		6,254,948
France		—		17,248,808		—		17,248,808
Germany		48,071		20,122,065		—		20,170,136
Greece		—		246,488		—		246,488
Hong Kong		—		7,406,411		—		7,406,411
India		63,672		11,143,538		—		11,207,210
Indonesia		—		1,801,573		—		1,801,573
Ireland		—		2,962,433		—		2,962,433
Israel		135,836		3,136,557		—		3,272,393
Italy		118,264		11,274,496		—		11,392,760
Japan		4,876		81,236,065		—		81,240,941
Malaysia		—		3,218,589		—		3,218,589
Mexico		2,199,955		—		—		2,199,955

WORLDEX U.S. TARGETED VALUE PORTFOLIO

CONTINUED


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Netherlands	$	158,332	$	7,449,202		—	$	7,607,534
New Zealand		—		1,793,800		—		1,793,800
Norway		7,295		2,364,707		—		2,372,002
Philippines		—		1,032,047		—		1,032,047
Poland		—		1,075,235		—		1,075,235
Portugal		—		607,717		—		607,717
Qatar		—		112,884		—		112,884
Russia		959,219		172,603		—		1,131,822
Saudi Arabia		—		523,821		—		523,821
Singapore		—		2,718,188		—		2,718,188
South Africa		1,389,567		3,645,089		—		5,034,656
South Korea		—		17,516,691		—		17,516,691
Spain		—		5,342,313		—		5,342,313
Sweden		23,459		9,152,387		—		9,175,846
Switzerland		—		19,070,135		—		19,070,135
Taiwan		—		21,379,622		—		21,379,622
Thailand		3,449,488		—		—		3,449,488
Turkey		—		932,985		—		932,985
United Arab Emirates		—		246,509		—		246,509
United Kingdom		915,177		43,943,947		—		44,859,124
United States		820,889		180,673		—		1,001,562
Preferred Stocks
Brazil		1,101,710		—		—		1,101,710
Colombia		13,390		—		—		13,390
Germany		—		764,824		—		764,824
Rights/Warrants
Canada		—		32,087		—		32,087
Norway		—		4,735		—		4,735
Taiwan		—		849		—		849
Securities Lending Collateral		—		5,552,602		—		5,552,602
Futures Contracts**		91,129		—		—		91,129

TOTAL	$	48,513,957	$	376,853,194		—	$	425,367,151

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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


	Tax-Managed U.S. Marketwide Value Portfolio		Tax-Managed U.S. Equity Portfolio*		Tax-Managed U.S. Targeted Value Portfolio*		Tax-Managed U.S. Small Cap Portfolio*
ASSETS:
Investments in Affiliated Investment Company at Value	$	4,178,295		—		—		—
Investment Securities at Value (including $0, $67,019, $213,417 and $159,074 of securities on loan, respectively)		—	$	3,797,253	$	3,554,488	$	2,464,419
Temporary Cash Investments at Value & Cost		—		12,036		—		8,459
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $0, $25,516, $116,171 and $83,806, respectively)		—		25,523		116,189		83,833
Cash		—		—		209		—
Receivables:
Investment Securities/Affiliated Investment Company Sold		—		—		13,934		76
Dividends and Interest		—		2,994		1,365		628
Securities Lending Income		—		32		93		97
Fund Shares Sold		3,587		2,497		7,207		3,064
Prepaid Expenses and Other Assets		58		26		74		43

Total Assets		4,181,940		3,840,361		3,693,559		2,560,619

LIABILITIES:
Payables:
Upon Return of Securities Loaned		—		25,538		116,180		83,822
Fund Shares Redeemed		3,626		3,240		11,771		8,409
Due to Advisor		408		584		1,033		721
Line of Credit		—		—		1,435		—
Accrued Expenses and Other Liabilities		239		327		458		306

Total Liabilities		4,273		29,689		130,877		93,258

NET ASSETS	$	4,177,667	$	3,810,672	$	3,562,682	$	2,467,361

SHARES OUTSTANDING, $0.01 PAR VALUE (1)		164,610,586		122,972,544		142,811,256		73,810,583

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE	$	25.38	$	30.99	$	24.95	$	33.43

Investment Securities at Cost		N/A	$	1,829,026	$	3,039,563	$	1,716,843

NET ASSETS CONSIST OF:
Paid-In Capital	$	2,701,078	$	1,877,089	$	3,146,269	$	1,821,090
Total Distributable Earnings (Loss)		1,476,589		1,933,583		416,413		646,271

NET ASSETS	$	4,177,667	$	3,810,672	$	3,562,682	$	2,467,361

(1) NUMBER OF SHARES AUTHORIZED		1,700,000,000		1,500,000,000		1,700,000,000		1,500,000,000

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

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


	T.A. U.S. Core Equity 2 Portfolio*		Tax-Managed DFA International Value Portfolio*			T.A. World ex U.S. Core Equity Portfolio*			World ex U.S. Targeted Value Portfolio*
ASSETS:
Investment Securities at Value (including $272,766, $8,391, $36,828 and $8,488 of securities on loan, respectively)	$	8,550,408	$	2,325,995		$	2,871,679		$	419,723
Temporary Cash Investments at Value & Cost		27,392		—			—			—
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $121,477, $8,701, $16,591 and $5,551, respectively)		121,508		8,704			16,596			5,553
Segregated Cash for Futures Contracts		—		6,432			—			180
Foreign Currencies at Value		—		8,217			7,279			2,045
Cash		—		81,746			1,092			1,033
Receivables:
Investment Securities Sold		15		—			98			555
Dividends and Interest		5,829		17,277			13,566			2,068
Securities Lending Income		157		31			114			26
Fund Shares Sold		13,248		5,033			7,157			1,259
Unrealized Gain on Foreign Currency Contracts		—		15			11			2
Prepaid Expenses and Other Assets		86		58			28			38

Total Assets		8,718,643		2,453,508			2,917,620			432,482

LIABILITIES:
Payables:
Upon Return of Securities Loaned		121,603		8,710			16,590			5,551
Investment Securities Purchased		—		11,191			942			1,246
Fund Shares Redeemed		13,849		10,472			16,045			1,113
Due to Advisor		1,311		820			674			170
Futures Margin Variation		—		1,035			—			29
Unrealized Loss on Foreign Currency Contracts		—		39			—			—
Accrued Expenses and Other Liabilities		700		485			535			152

Total Liabilities		137,463		32,752			34,786			8,261

NET ASSETS	$	8,581,180	$	2,420,756		$	2,882,834		$	424,221

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
SHARES OUTSTANDING, $0.01 PAR VALUE (1)		504,952,314		219,579,901			327,224,255			43,689,290

NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE	$	16.99	$	11.02		$	8.81		$	9.71

Investment Securities at Cost	$	5,290,580	$	2,737,131		$	3,006,173		$	546,417

Foreign Currencies at Cost	$	—	$	8,125		$	7,235		$	2,038

NET ASSETS CONSIST OF:
Paid-In Capital	$	5,379,783	$	3,323,982		$	3,137,126		$	550,622
Total Distributable Earnings (Loss)		3,201,397		(903,226	)		(254,292	)		(126,401	)

NET ASSETS	$	8,581,180	$	2,420,756		$	2,882,834		$	424,221

(1) NUMBER OF SHARES AUTHORIZED		2,000,000,000		1,700,000,000			1,500,000,000			1,000,000,000

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	Tax-Managed U.S. Marketwide Value Portfolio*			Tax-Managed U.S. Equity Portfolio^#			Tax-Managed U.S. Targeted Value Portfolio^#			Tax-Managed U.S. Small Cap Portfolio^#
Investment Income
Net Investment Income Allocated from Investment Company:
Dividends (Net of Foreign Taxes Withheld of $8, $0, $0 and $0, respectively)	$	59,325			—			—			—
Income from Securities Lending		378			—			—			—
Expenses Allocated from Affiliated Investment Companies		(5,176	)		—			—			—

Total Net Investment Income Allocated from Investment Company		54,527			—			—			—

Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $0, $2, $39 and $15, respectively)		—		$	38,048		$	42,672		$	22,085
Income from Securities Lending		—			199			718			819

Total Fund Investment Income		—			38,247			43,390			22,904

Fund Expenses
Investment Management Fees		8,546			3,863			8,970			6,307
Accounting & Transfer Agent Fees		503			451			557			363
Custodian Fees		—			23			35			23
Filing Fees		61			36			117			62
Shareholders’ Reports		39			29			43			35
Directors’/Trustees’ Fees & Expenses		13			10			12			8
Professional Fees		6			26			32			21
Other		(19	)		17			34			27

Total Fund Expenses		9,149			4,455			9,800			6,846

Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)		(4,961	)		(69	)		—			—

Net Expenses		4,188			4,386			9,800			6,846

Net Investment Income (Loss)		50,339			33,861			33,590			16,058

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		—			(34,011	)		(100,479	)		(101,816	)
Affiliated Investment Companies Shares Sold		—			(22	)		14			14
Transactions Allocated from Affiliated Investment Company**		(74,827	)		—			—			—
Futures		—			—			(4	)		(1	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		—			(157,688	)		(1,101,499	)		(508,927	)
Affiliated Investment Companies Shares		—			(5	)		(25	)		(9	)
Transactions Allocated from Affiliated Investment Company		(854,377	)		—			—			—

Net Realized and Unrealized Gain (Loss)		(929,204	)		(191,726	)		(1,201,993	)		(610,739	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(878,865	)	$	(157,865	)	$	(1,168,403	)	$	(594,681	)

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

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	T.A. U.S. Core Equity 2 Portfolio^#			Tax-Managed DFA International Value Portfolio^#			T.A. World ex U.S. Core Equity Portfolio^#			World ex U.S. Targeted Value Portfolio^#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $13, $5,071, $4,085 and $550, respectively)	$	93,029		$	47,735		$	39,929		$	5,862
Income from Securities Lending		1,061			116			637			133

Total Investment Income		94,090			47,851			40,566			5,995

Fund Expenses
Investment Management Fees		10,376			8,252			5,804			1,405
Accounting & Transfer Agent Fees		1,097			445			431			74
Custodian Fees		54			124			324			62
Filing Fees		112			73			105			48
Shareholders’ Reports		53			45			38			14
Directors’/Trustees’ Fees & Expenses		25			9			10			1
Professional Fees		65			31			49			18
Other		86			79			85			11

Total Fund Expenses		11,868			9,058			6,846			1,633

Fees Paid Indirectly (Note C)		—			(59	)		(43	)		(11	)

Net Expenses		11,868			8,999			6,803			1,622

Net Investment Income (Loss)		82,222			38,852			33,763			4,373

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		(70,884	)		(391,187	)		(69,253	)		(1,480	)
Affiliated Investment Companies Shares Sold		(37	)		(1	)		—			—
Futures		—			1,205			(3	)		272
Foreign Currency Transactions		—			281			(789	)		(108	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(1,002,641	)		(599,828	)		(666,367	)		(113,538	)
Affiliated Investment Companies Shares		(15	)		4			4			2
Futures		—			(478	)		—			91
Translation of Foreign Currency-Denominated Amounts		—			(89	)		(59	)		(20	)

Net Realized and Unrealized Gain (Loss)		(1,073,577	)		(990,093	)		(736,467	)		(114,781	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(991,355	)	$	(951,241	)	$	(702,704	)	$	(110,408	)

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	Tax-Managed U.S. Marketwide Value Portfolio***						Tax-Managed U.S. Equity Portfolio						Tax-Managed U.S. Targeted Value Portfolio						Tax-Managed U.S. Small Cap Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	50,339		$	102,609		$	33,861		$	64,100		$	33,590		$	61,472		$	16,058		$	29,384
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		—			—			(34,011	)		(6,550	)		(100,479	)		97,735			(101,816	)		57,143
Affiliated Investment Companies Shares Sold		—			—			(22	)		1			14			(20	)		14			(3	)
Transactions Allocated from Affiliated Investment Company,*		(74,827	)		68,731			—			—			—			—			—			—
Futures		—			—			—			—			(4	)		(3,081	)		(1	)		(1,077	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		—			—			(157,688	)		410,424			(1,101,499	)		(81,209	)		(508,927	)		(25,950	)
Affiliated Investment Companies Shares		—			—			(5	)		8			(25	)		28			(9	)		27
Transactions Allocated from Affiliated Investment Company		(854,377	)		250,477			—			—			—			—			—			—

Net Increase (Decrease) in Net Assets Resulting from Operations		(878,865	)		421,817			(157,865	)		467,983			(1,168,403	)		74,925			(594,681	)		59,524

Distributions:
Institutional Class Shares		(119,088	)		(253,191	)		(34,304	)		(74,496	)		(119,678	)		(214,152	)		(67,092	)		(108,850	)
Capital Share Transactions (1):
Shares Issued		817,504			789,009			502,395			497,186			1,732,504			1,246,395			820,336			710,939
Shares Issued in Lieu of Cash Distributions		117,736			250,596			33,572			72,983			118,543			212,340			66,305			107,489
Shares Redeemed		(1,118,447	)		(836,934	)		(543,323	)		(515,743	)		(1,743,570	)		(1,179,262	)		(873,357	)		(638,932	)

Net Increase (Decrease) from Capital Share Transactions		(183,207	)		202,671			(7,356	)		54,426			107,477			279,473			13,284			179,496

Total Increase (Decrease) in Net Assets		(1,181,160	)		371,297			(199,525	)		447,913			(1,180,604	)		140,246			(648,489	)		130,170
Net Assets
Beginning of Period		5,358,827			4,987,530			4,010,197			3,562,284			4,743,286			4,603,040			3,115,850			2,985,680

End of Period	$	4,177,667		$	5,358,827		$	3,810,672		$	4,010,197		$	3,562,682		$	4,743,286		$	2,467,361		$	3,115,850

(1) Shares Issued and Redeemed:
Shares Issued		33,392			27,874			17,348			17,040			72,037			38,866			25,700			17,910
Shares Issued in Lieu of Cash Distributions		3,980			9,096			1,088			2,467			3,619			6,867			1,598			2,820
Shares Redeemed		(45,903	)		(29,672	)		(18,491	)		(17,492	)		(72,253	)		(37,204	)		(27,625	)		(16,311	)

Net Increase (Decrease) from Shares Issued and Redeemed		(8,531	)		7,298			(55	)		2,015			3,403			8,529			(327	)		4,419

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

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)


	T.A. U.S. Core Equity 2 Portfolio						Tax-Managed DFA International Value Portfolio						T.A. World ex U.S. Core Equity Portfolio						World ex U.S. Targeted Value Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)						(Unaudited)						(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	82,222		$	153,962		$	38,852		$	132,637		$	33,763		$	109,227		$	4,373		$	13,158
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(70,884	)		181,740			(391,187	)		(86,933	)		(69,253	)		(24,433	)		(1,480	)		5,834
Affiliated Investment Companies Shares Sold		(37	)		(11	)		(1	)		1			—			—			—			—
Futures		—			—			1,205			1,498			(3	)		(849	)		272			(308	)
Foreign Currency Transactions		—			—			281			311			(789	)		(4	)		(108	)		(140	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(1,002,641	)		581,525			(599,828	)		72,527			(666,367	)		211,192			(113,538	)		5,845
Affiliated Investment Companies Shares		(15	)		33			4			—			4			—			2			1
Transactions Allocated from Affiliated Investment Company		—			—			—			—			—			—			—			(1	)
Futures		—			—			(478	)		1,311			—			—			91			—
Translation of Foreign Currency-Denominated Amounts		—			—			(89	)		186			(59	)		109			(20	)		30

Net Increase (Decrease) in Net Assets Resulting from Operations		(991,355	)		917,249			(951,241	)		121,538			(702,704	)		295,242			(110,408	)		24,419

Distributions:
Institutional Class Shares		(252,456	)		(212,104	)		(36,060	)		(128,645	)		(30,339	)		(110,031	)		(8,004	)		(23,983	)
Capital Share Transactions (1):
Shares Issued		1,884,839			1,894,129			1,138,348			1,052,260			1,131,993			1,430,312			304,408			329,309
Shares Issued in Lieu of Cash Distributions		247,587			208,388			35,798			127,673			29,547			107,141			7,988			23,923
Shares Redeemed		(2,429,228	)		(1,798,901	)		(1,587,231	)		(1,020,331	)		(1,502,996	)		(1,114,034	)		(302,809	)		(280,777	)

Net Increase (Decrease) from Capital Share Transactions		(296,802	)		303,616			(413,085	)		159,602			(341,456	)		423,419			9,587			72,455

Total Increase (Decrease) in Net Assets		(1,540,613	)		1,008,761			(1,400,386	)		152,495			(1,074,499	)		608,630			(108,825	)		72,891
Net Assets
Beginning of Period		10,121,793			9,113,032			3,821,142			3,668,647			3,957,333			3,348,703			533,046			460,155

End of Period	$	8,581,180		$	10,121,793		$	2,420,756		$	3,821,142		$	2,882,834		$	3,957,333		$	424,221		$	533,046

(1) Shares Issued and Redeemed:
Shares Issued		115,895			107,528			102,341			74,455			131,760			141,343			32,133			27,492
Shares Issued in Lieu of Cash Distributions		13,017			11,999			2,657			8,932			3,033			10,438			636			2,024
Shares Redeemed		(149,941	)		(103,370	)		(146,986	)		(72,942	)		(179,426	)		(111,136	)		(31,884	)		(23,474	)

Net Increase (Decrease) from Shares Issued and Redeemed		(21,029	)		16,157			(41,988	)		10,445			(44,633	)		40,645			885			6,042

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

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

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	Tax-Managed U.S. Marketwide Value Portfolio																		Tax-Managed U.S. Equity Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	30.95		$	30.07		$	30.30		$	25.79		$	25.60		$	25.33		$	32.60		$	29.44		$	28.01		$	22.93		$	22.46		$	21.89

Income from Investment Operations (A)
Net Investment Income (Loss)		0.30			0.60			0.57			0.54			0.47			0.43			0.28			0.52			0.47			0.44			0.42			0.40
Net Gains (Losses) on Securities (Realized and Unrealized)		(5.16	)		1.79			0.68			5.14			0.19			0.25			(1.61	)		3.25			1.40			5.09			0.48			0.56

Total from Investment Operations		(4.86	)		2.39			1.25			5.68			0.66			0.68			(1.33	)		3.77			1.87			5.53			0.90			0.96
Less Distributions:
Net Investment Income		(0.30	)		(0.54	)		(0.54	)		(0.52	)		(0.47	)		(0.41	)		(0.28	)		(0.56	)		(0.44	)		(0.45	)		(0.43	)		(0.39	)
Net Realized Gains		(0.41	)		(0.97	)		(0.94	)		(0.65	)		—			—			—			(0.05	)		—			—			—			—

Total Distributions		(0.71	)		(1.51	)		(1.48	)		(1.17	)		(0.47	)		(0.41	)		(0.28	)		(0.61	)		(0.44	)		(0.45	)		(0.43	)		(0.39	)
Net Asset Value, End of Period	$	25.38		$	30.95		$	30.07		$	30.30		$	25.79		$	25.60		$	30.99		$	32.60		$	29.44		$	28.01		$	22.93		$	22.46

Total Return		(16.03	%)(B)		8.66	%		4.09	%		22.41	%		2.66	%		2.73	%		(4.08	%)(B)		13.03	%		6.68	%		24.27	%		4.05	%		4.47	%
Net Assets, End of Period (thousands)	$	4,177,667		$	5,358,827		$	4,987,530		$	4,850,362		$	4,012,475		$	3,860,871		$	3,810,672		$	4,010,197		$	3,562,284		$	3,310,640		$	2,636,439		$	2,494,153
Ratio of Expenses to Average Net Assets		0.38	%(C)(D)		0.38	%(D)		0.37	%(D)		0.37	%(D)		0.37	%(D)		0.37	%(D)		0.22	%(C)		0.22	%		0.21	%		0.22	%		0.22	%		0.22	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)		0.58	%(C)(D)		0.58	%(D)		0.57	%(D)		0.57	%(D)		0.57	%(D)		0.43	%(D)		0.22	%(C)		0.23	%		0.21	%		0.22	%		0.22	%		0.22	%
Ratio of Net Investment Income to Average Net Assets		2.03	%(C)		2.03	%		1.83	%		1.87	%		1.90	%		1.65	%		1.70	%(C)		1.71	%		1.58	%		1.70	%		1.87	%		1.79	%
Portfolio Turnover Rate		N/A			N/A			N/A			N/A			N/A			N/A			2	%(B)		2	%		1	%		8	%		4	%		1	%

See page 1 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	Tax-Managed U.S. Targeted Value Portfolio																		Tax-Managed U.S. Small Cap Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	34.02		$	35.17		$	37.94		$	31.47		$	32.34		$	33.34		$	42.03		$	42.82		$	44.35		$	36.10		$	36.77		$	36.99

Income from Investment Operations (A)
Net Investment Income (Loss)		0.24			0.45			0.41			0.37			0.36			0.39			0.22			0.41			0.39			0.36			0.36			0.36
Net Gains (Losses) on Securities (Realized and Unrealized)		(8.45	)		0.05			(1.33	)		7.53			0.28			0.16			(7.91	)		0.35			(0.30	)		9.10			0.92			0.45

Total from Investment Operations		(8.21	)		0.50			(0.92	)		7.90			0.64			0.55			(7.69	)		0.76			0.09			9.46			1.28			0.81
Less Distributions:
Net Investment Income		(0.22	)		(0.43	)		(0.40	)		(0.36	)		(0.37	)		(0.37	)		(0.20	)		(0.38	)		(0.38	)		(0.36	)		(0.37	)		(0.34	)
Net Realized Gains		(0.64	)		(1.22	)		(1.45	)		(1.07	)		(1.14	)		(1.18	)		(0.71	)		(1.17	)		(1.24	)		(0.85	)		(1.58	)		(0.69	)

Total Distributions		(0.86	)		(1.65	)		(1.85	)		(1.43	)		(1.51	)		(1.55	)		(0.91	)		(1.55	)		(1.62	)		(1.21	)		(1.95	)		(1.03	)
Net Asset Value, End of Period	$	24.95		$	34.02		$	35.17		$	37.94		$	31.47		$	32.34		$	33.43		$	42.03		$	42.82		$	44.35		$	36.10		$	36.77

Total Return		(24.72	%)(B)		1.93	%		(2.66	%)		25.40	%		2.21	%		1.89	%		(18.71	%)(B)		2.18	%		0.12	%		26.46	%		3.75	%		2.31	%
Net Assets, End of Period (thousands)	$	3,562,682		$	4,743,286		$	4,603,040		$	4,733,681		$	3,773,302		$	3,670,472		$	2,467,361		$	3,115,850		$	2,985,680		$	2,933,705		$	2,296,694		$	2,190,308
Ratio of Expenses to Average Net Assets		0.45	%(C)		0.45	%		0.44	%		0.44	%		0.44	%		0.44	%		0.47	%(C)		0.50	%		0.52	%		0.52	%		0.52	%		0.52	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)		0.45	%(C)		0.45	%		0.44	%		0.44	%		0.44	%		0.44	%		0.47	%(C)		0.50	%		0.52	%		0.52	%		0.52	%		0.52	%
Ratio of Net Investment Income to Average Net Assets		1.55	%(C)		1.36	%		1.07	%		1.04	%		1.17	%		1.19	%		1.11	%(C)		0.99	%		0.86	%		0.87	%		1.04	%		0.96	%
Portfolio Turnover Rate		10	%(B)		24	%		14	%		14	%		20	%		14	%		9	%(B)		11	%		12	%		11	%		10	%		8	%

See page 1 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	T.A. U.S. Core Equity 2 Portfolio																		Tax-Managed DFA International Value Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	19.24		$	17.87		$	17.56		$	14.33		$	14.09		$	14.21		$	14.61		$	14.61		$	16.39		$	13.37		$	13.87		$	15.17

Income from Investment Operations (A)
Net Investment Income (Loss)		0.16			0.30			0.28			0.25			0.25			0.24			0.16			0.51			0.47			0.45			0.42			0.44
Net Gains (Losses) on Securities (Realized and Unrealized)		(1.92	)		1.48			0.44			3.24			0.24			0.05			(3.60	)		(0.01	)		(1.79	)		3.00			(0.50	)		(1.32	)

Total from Investment Operations		(1.76	)		1.78			0.72			3.49			0.49			0.29			(3.44	)		0.50			(1.32	)		3.45			(0.08	)		(0.88	)
Less Distributions:
Net Investment Income		(0.14	)		(0.31	)		(0.27	)		(0.26	)		(0.25	)		(0.23	)		(0.15	)		(0.50	)		(0.46	)		(0.43	)		(0.42	)		(0.41	)
Net Realized Gains		(0.35	)		(0.10	)		(0.14	)		—			—			(0.18	)		—			—			—			—			—			(0.01	)

Total Distributions		(0.49	)		(0.41	)		(0.41	)		(0.26	)		(0.25	)		(0.41	)		(0.15	)		(0.50	)		(0.46	)		(0.43	)		(0.42	)		(0.42	)
Net Asset Value, End of Period	$	16.99		$	19.24		$	17.87		$	17.56		$	14.33		$	14.09		$	11.02		$	14.61		$	14.61		$	16.39		$	13.37		$	13.87

Total Return		(9.43	%)(B)		10.25	%		4.05	%		24.47	%		3.55	%		2.14	%		(23.74	%)(B)		3.52	%		(8.27	%)		26.13	%		(0.30	%)		(5.93	%)
Net Assets, End of Period (thousands)	$	8,581,180		$	10,121,793		$	9,113,032		$	8,230,938		$	6,219,272		$	5,549,153		$	2,420,756		$	3,821,142		$	3,668,647		$	3,918,069		$	3,005,025		$	2,994,931
Ratio of Expenses to Average Net Assets		0.24	%(C)		0.25	%		0.23	%		0.24	%		0.24	%		0.24	%		0.53	%(C)		0.54	%		0.53	%		0.53	%		0.53	%		0.53	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))		0.24	%(C)		0.25	%		0.23	%		0.24	%		0.24	%		0.24	%		0.54	%(C)		0.55	%		0.53	%		0.53	%		0.53	%		0.53	%
Ratio of Net Investment Income to Average Net Assets		1.70	%(C)		1.64	%		1.49	%		1.56	%		1.82	%		1.65	%		2.29	%(C)		3.58	%		2.89	%		3.01	%		3.32	%		2.99	%
Portfolio Turnover Rate		2	%(B)		6	%		1	%		2	%		7	%		7	%		7	%(B)		17	%		21	%		16	%		18	%		25	%

See page 1 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	T.A. World Ex U.S. Core Equity Portfolio																		World Ex U.S. Targeted Value Portfolio
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015			Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)																		(Unaudited)
Net Asset Value, Beginning of Period	$	10.64		$	10.11		$	11.53		$	9.38		$	9.30		$	9.94		$	12.45		$	12.52		$	15.06		$	12.04		$	11.44		$	12.08

Income from Investment Operations (A)
Net Investment Income (Loss)		0.09			0.30			0.29			0.25			0.23			0.24			0.10			0.32			0.31			0.28			0.25			0.23
Net Gains (Losses) on Securities (Realized and Unrealized)		(1.84	)		0.53			(1.44	)		2.15			0.08			(0.65	)		(2.65	)		0.26			(2.29	)		3.01			0.55			(0.58	)

Total from Investment Operations		(1.75	)		0.83			(1.15	)		2.40			0.31			(0.41	)		(2.55	)		0.58			(1.98	)		3.29			0.80			(0.35	)
Less Distributions:
Net Investment Income		(0.08	)		(0.30	)		(0.27	)		(0.25	)		(0.23	)		(0.23	)		(0.08	)		(0.29	)		(0.30	)		(0.27	)		(0.20	)		(0.26	)
Net Realized Gains		—			—			—			—			—			—			(0.11	)		(0.36	)		(0.26	)		—			—			(0.03	)

Total Distributions		(0.08	)		(0.30	)		(0.27	)		(0.25	)		(0.23	)		(0.23	)		(0.19	)		(0.65	)		(0.56	)		(0.27	)		(0.20	)		(0.29	)
Net Asset Value, End of Period	$	8.81		$	10.64		$	10.11		$	11.53		$	9.38		$	9.30		$	9.71		$	12.45		$	12.52		$	15.06		$	12.04		$	11.44

Total Return		(16.47	%)(B)		8.40	%		(10.19	%)		25.86	%		3.48	%		(4.15	%)		(20.85	%)(B)		4.99	%		(13.56	%)		27.61	%		7.18	%		(2.88	%)
Net Assets, End of Period (thousands)	$	2,882,834		$	3,957,333		$	3,348,703		$	3,368,999		$	2,407,348		$	2,124,313		$	424,221		$	533,046		$	460,155		$	466,504		$	281,212		$	227,731
Ratio of Expenses to Average Net Assets		0.37	%(C)		0.37	%		0.36	%		0.39	%		0.45	%		0.45	%		0.65	%(C)		0.68	%		0.66	%		0.67	%		0.76	%		0.65	%(E)
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))		0.37	%(C)		0.38	%		0.36	%		0.39	%		0.45	%		0.45	%		0.66	%(C)		0.69	%		0.66	%		0.67	%		0.77	%		1.06	%(E)
Ratio of Net Investment Income to Average Net Assets		1.83	%(C)		2.95	%		2.47	%		2.42	%		2.57	%		2.42	%		1.76	%(C)		2.58	%		2.08	%		2.04	%		2.18	%		1.95	%
Portfolio Turnover Rate		3	%(B)		8	%		6	%		4	%		7	%		5	%		14	%(B)		27	%		24	%		17	%		28	%		1	%

See page 1 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

DFA INVESTMENT DIMENSIONS GROUP INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

A. Organization:

DFA Investment Dimensions Group Inc. (the “Fund”) is an open-end management investment company registered under the Investment Company Act of 1940, whose shares are generally offered to institutional investors, retirement plans and clients of registered investment advisors. The Fund consists of one hundred and four operational portfolios, eight of which (the “Portfolios”), are included in this section of the report. The remaining operational portfolios are presented in separate reports. The Portfolios are investment companies, and accordingly, follow the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”), Topic 946, “Financial Services-Investment Companies.”

Tax-Managed U.S. Marketwide Value Portfolio (the “Feeder Fund”) invests substantially all of its assets in The Tax-Managed U.S. Marketwide Value Series (the “Series”), a corresponding series of The DFA Investment Trust Company. As of April 30, 2020, the Feeder Fund was the owner of record of 74% of the total outstanding shares of its Series.

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

Tax-Managed U.S. Equity Portfolio, Tax-Managed U.S. Targeted Value 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 and World ex U.S. Targeted Value Portfolio each invests directly in securities.

B. Significant Accounting Policies:

1. Security Valuation: The Portfolios use a fair value hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:

•

Level 1 – inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts)

•

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 – significant unobservable inputs (including the Portfolios’ own assumptions in determining the fair value of investments)

Securities held by Tax-Managed U.S. Equity Portfolio, Tax-Managed U.S. Targeted Value Portfolio, Tax-Managed U.S. Small Cap Portfolio, and T.A. U.S. Core Equity 2 Portfolio (the “Domestic Equity Portfolios”) and Tax-Managed DFA International Value Portfolio, T.A. World ex U.S. Core Equity Portfolio and World ex U.S. Targeted Value Portfolio (the “International Equity Portfolios”), including over-the-counter securities, are valued at the last quoted sale price of the day. International equity securities are subject to a fair value factor, as described later in this note. Securities held by the Domestic Equity Portfolios and the International Equity Portfolios that are listed on Nasdaq are valued at the Nasdaq Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, the Domestic Equity Portfolios and the International Equity Portfolios value the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken from the exchange where

the security is primarily traded. Generally, securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.

Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors of the Fund. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of Dimensional Fund Advisors LP) occur before the net asset value of the Portfolio is calculated. When fair value pricing is used, the prices of securities used by the Domestic Equity Portfolios and the International Equity Portfolios may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

The International Equity Portfolios will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the time that the net asset values of the International Equity Portfolios are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the pricing of the International Equity Portfolios’ shares at the close of the NYSE, the International Equity Portfolios will fair-value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the International Equity Portfolios’ foreign investments since the last calculated closing prices of the foreign investments on their primary foreign securities markets or exchanges. For these purposes, the Board of Directors of the Fund has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the International Equity Portfolios uses data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When the International Equity Portfolios use fair value pricing, the values assigned to the foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

Futures contracts held by the Portfolios are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.

Tax-Managed U.S. Marketwide Value Portfolio’s investments reflect its proportionate interest in the net assets of the Series. These valuations are classified as Level 1 in the hierarchy.

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

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

The International Equity Portfolios do not isolate the effect of foreign exchange rate fluctuations from the effect of fluctuations in the market prices of securities, whether realized or unrealized.

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

The Directors may receive their distributions of proceeds by one of the following methods: lump sum, annual installments over a period of agreed-upon years, or quarterly installments over a period of agreed-upon years. Each Director shall have the right in a notice of election (the “Notice”) to defer the receipt of the Director’s deferred compensation until a date specified by such Director in the Notice, which date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Director ceases to be a member of the Board of Directors of the Fund; and (ii) five years following the effective date of the Director’s first deferral election. If a Director who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Director’s deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Director ceases to be a member of the Board (unless the Director files an amended Notice selecting a different distribution date). As of April 30, 2020, none of the Directors have requested or received a distribution of proceeds of a deferred fee account.

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

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

T.A. World ex U.S. Core Equity Portfolio and World ex U.S. Targeted Value Portfolio are subject to tax on short-term capital gains for investments in India. Such taxes are accrued on a daily basis and due upon sale of individual securities.

C. Investment Advisor:


Tax-Managed U.S. Marketwide Value Portfolio	0.34	%*
Tax-Managed U.S. Equity Portfolio	0.19	%*
Tax-Managed U.S. Targeted Value Portfolio	0.41	%*
Tax-Managed U.S. Small Cap Portfolio	0.44	%*
T.A. U.S. Core Equity 2 Portfolio	0.21	%*
Tax-Managed DFA International Value Portfolio	0.49	%*
T.A. World ex U.S. Core Equity Portfolio	0.31	%*
World ex U.S. Targeted Value Portfolio	0.57	%*

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


Portfolio	Management Fee Prior to February 28, 2020			Management Fee Effective February 28, 2020
Tax-Managed U.S. Marketwide Value Portfolio		0.35	%		0.33	%
Tax-Managed U.S. Equity Portfolio		0.20	%		0.18	%
Tax-Managed U.S. Targeted Value Portfolio		0.42	%		0.40	%
Tax-Managed U.S. Small Cap Portfolio		0.45	%		0.40	%
T.A. U.S. Core Equity 2 Portfolio		0.22	%		0.20	%
Tax-Managed DFA International Value Portfolio		0.50	%		0.45	%
T.A. World ex U.S. Core Equity Portfolio		0.32	%		0.30	%
World ex U.S. Targeted Value Portfolio		0.58	%		0.53	%

Pursuant to Amended and Restated Fee Waiver and/or Expense Assumption Agreements (each, a “Fee Waiver Agreement”), the Advisor has contractually agreed to waive certain fees, and in certain instances, assume certain expenses of the Tax-Managed U.S. Equity Portfolio, T.A. U.S. Core Equity 2 Portfolio, T.A. World ex U.S. Core Equity Portfolio and World ex U.S. Targeted Value Portfolio, as described in the notes below. The Fee Waiver Agreements for the Portfolios below will remain in effect through February 28, 2021, may only be terminated by the Fund’s Board of Directors prior to that date and shall continue in effect from year to year thereafter unless terminated by the Fund or the Advisor. Pursuant to a Fee Waiver Agreement with the Feeder Fund, the Advisor has contractually agreed to waive certain management fees paid by the Feeder Fund, as described in the notes below. The Fee Waiver Agreement for the Feeder Fund will remain in effect permanently, unless terminated by the Fund. During the six months ended April 30, 2020, the non-Feeder Portfolios had expense limits based on a percentage of average net assets on an annualized basis, and the Advisor recovered previously waived fees and/or assumed expenses (amounts in thousands), as listed below. The net amount of waived fees/expenses assumed (recovered previously waived fees/expenses assumed) during the six months ended April 30, 2020, and the previously waived fees/expenses assumed subject to future recovery by the Advisor as of April 30, 2020, are also reflected below (amounts in thousands). At any time that the Portfolio Expenses (defined below) of a class of a Portfolio are less than the applicable Expense Limitation Amount listed below, the Advisor retains the right to recover fees previously waived and/or expenses previously assumed to the extent that the expense ratio following such recovery would be less than the Expense Limitation Amount that was in place when such prior year fees were waived and/or expenses assumed, and less than the current Expense Limitation Amount in place for the Portfolio. The Advisor, however, will not be reimbursed by the Feeder Portfolio in connection with its Permanent Fee Waiver (defined below). The Fund, on behalf of a Portfolio, is also not obligated to reimburse the Advisor for fees previously waived or expenses previously assumed by the Advisor more than thirty-six months before the date of recovery. With respect to the World ex U.S. Targeted Value Portfolio, the Advisor shall also not be reimbursed for any management fees previously waived to offset the Portfolio’s proportionate share of the management fees paid by the Portfolio through its investment in other funds managed by the Advisor.


Institutional Class Shares	Expense Limitation Amount			Total Management Fee Limit			Recovery of Previously Waived Fees/ Expenses Assumed		Net Waived Fees/ Expenses Assumed (Recovered Previously Waived Fees/Expenses Assumed)		Previously Waived Fees/ Expenses Assumed Subject to Future Recovery
Tax-Managed U.S. Marketwide Value Portfolio (1)		—			0.33	%		—	$	4,961		—
Tax-Managed U.S. Equity Portfolio (2)		0.22	%		—		$	71		69	$	510
T.A. U.S. Core Equity 2 Portfolio (3)		0.30	%		—			—		—		—
T.A. World ex U.S. Core Equity Portfolio (4)		0.39	%		—			—		—		—
World ex U.S. Targeted Value Portfolio (5)		0.80	%		0.53	%		—		—		—

(1)

Effective February 28, 2020, the Advisor has contractually agreed to permanently waive all or a portion of the management fee of the Feeder Fund to the extent necessary to limit the total management fees paid to the Advisor by the Feeder Fund, including the proportionate share of the management fees the Feeder Fund pays indirectly through its investment in other funds managed by the Advisor, except for the fees paid indirectly through its investment of securities lending cash collateral in The DFA Short Term Investment Fund (the “Money Market Series”), to the rate listed above as a percentage of the average net assets of a class of the Feeder Fund on an annualized basis (the “Permanent Fee Waiver”). From July 21, 2015 to February 27, 2020, the Total Management Fee Limit pursuant to the Permanent Fee Waiver was 0.35%.

(2)

The Advisor has contractually agreed to waive its management fee and assume the ordinary operating expenses of a class of the Tax-Managed U.S. Equity Portfolio (excluding the expenses that the Portfolio incurs indirectly through investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to reduce the expenses of a class of the Portfolio when its total operating expenses exceed the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”).

(3)

The Advisor has contractually agreed to waive all or a portion of its management fee and assume the ordinary operating expenses of a class of the T.A. U.S. Core Equity 2 Portfolio (excluding the expenses that the Portfolio incurs indirectly through investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of a class of the Portfolio to the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”).

(4)

The Advisor has agreed to waive all or a portion of its management fee and to assume the expenses of a class of the T.A. World ex U.S. Core Equity Portfolio (including the expenses that the Portfolio bears as a shareholder of other funds managed by the Advisor but excluding the expenses that the Portfolio incurs indirectly through investment of its securities lending cash collateral in the Money Market Series and its investment in unaffiliated investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of a class of the Portfolio to the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”). Prior to January 1, 2017, the Expense Limitation Amount was 0.60% of the average net assets of such class of the Portfolio on an annualized basis.

(5)

Effective February 28, 2020, the Advisor has contractually agreed to waive up to the full amount of the Portfolio’s management fee of 0.53% to the extent necessary to offset the proportionate share of the management fees paid by the Portfolio through its investment in other funds managed by the Advisor, except for the fees paid through its investment of securities lending cash collateral in the Money Market Series (the “Total Management Fee Limit”). Prior to February 28, 2020, the Total Management Fee Limit was 0.58%. In addition, under the Fee Waiver Agreement, the Advisor has also agreed to waive all or a portion of the management fee and to assume the ordinary operating expenses of a class of the Portfolio (including expenses incurred through its investment in other investment companies but excluding the expenses that the Portfolio incurs indirectly through investment of its securities lending cash collateral in the Money Market Series) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of a class of the Portfolio to the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the “Expense Limitation Amount”).

Earned Income Credit:

Additionally, certain Portfolios have entered into arrangements with their custodian whereby net interest earned on uninvested cash balances was used to reduce a portion of each Portfolio’s custody expenses. Custody expense in the accompanying financial statements is presented before reduction for credits. The impact of such credits is generally less than one basis point of each Portfolio’s net assets. During the six months ended April 30, 2020, expenses reduced were as follows (amounts in thousands):


	Fees Paid Indirectly
Tax-Managed DFA International Value Portfolio	$	59
T.A. World ex U.S. Core Equity Portfolio		43
World ex U.S. Targeted Value Portfolio		11

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Directors of the Advisor are also Officers and Directors of the Fund; however, such Officers and Directors (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the six months ended April 30, 2020, the total related amount paid by the Fund to the CCO was $206 (in thousands). The total related amounts paid by the Portfolios are included in Other Expenses on the Statements of Operations.

D. Deferred Compensation:


Tax-Managed U.S. Marketwide Value Portfolio	$	105
Tax-Managed U.S. Equity Portfolio		99
Tax-Managed U.S. Targeted Value Portfolio		111
Tax-Managed U.S. Small Cap Portfolio		63
T.A. U.S. Core Equity 2 Portfolio		107
Tax-Managed DFA International Value Portfolio		96
T.A. World ex U.S. Core Equity Portfolio		47
World ex U.S. Targeted Value Portfolio		2

E. Purchases and Sales of Securities:

For the six months ended April 30, 2020, the Portfolios made the following purchases and sales of investment securities, other than short-term securities, in-kind redemptions and U.S. Government securities (amounts in thousands):


	Other Investment Securities
	Purchases		Sales
Tax-Managed U.S. Equity Portfolio	$	91,985	$	93,916
Tax-Managed U.S. Targeted Value Portfolio		481,400		409,479
Tax-Managed U.S. Small Cap Portfolio		267,578		278,974
T.A. U.S. Core Equity 2 Portfolio		209,380		628,347
Tax-Managed DFA International Value Portfolio		239,450		687,697
T.A. World ex U.S. Core Equity Portfolio		126,376		445,849
World ex U.S. Targeted Value Portfolio		78,446		68,786

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

For the six months ended April 30, 2020, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.


	Balance at October 31, 2019		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales			Change in Unrealized Appreciation/ Depreciation			Balance at April 30, 2020		Shares as of April 30, 2020		Dividend Income		Capital Gain Distributions
Tax-Managed U.S. Equity Portfolio
The DFA Short Term Investment Fund	$	81,970	$	384,205	$	440,625	$	(22	)	$	(5	)	$	25,523		2,206	$	1,922		—

Total	$	81,970	$	384,205	$	440,625	$	(22	)	$	(5	)	$	25,523		2,206	$	1,922		—

Tax-Managed U.S. Targeted Value Portfolio
The DFA Short Term Investment Fund	$	388,737	$	588,271	$	860,808	$	14		$	(25	)	$	116,189		10,041	$	6,700		—

Total	$	388,737	$	588,271	$	860,808	$	14		$	(25	)	$	116,189		10,041	$	6,700		—

Tax-Managed U.S. Small Cap Portfolio
The DFA Short Term Investment Fund	$	311,962	$	473,476	$	701,610	$	14		$	(9	)	$	83,833		7,245	$	6,206		—

Total	$	311,962	$	473,476	$	701,610	$	14		$	(9	)	$	83,833		7,245	$	6,206		—

T.A. U.S. Core Equity 2 Portfolio
The DFA Short Term Investment Fund	$	374,061	$	880,587	$	1,133,088	$	(37	)	$	(15	)	$	121,508		10,501	$	9,147		—

Total	$	374,061	$	880,587	$	1,133,088	$	(37	)	$	(15	)	$	121,508		10,501	$	9,147		—

Tax-Managed DFA International Value Portfolio
The DFA Short Term Investment Fund	$	3	$	38,995	$	30,297	$	(1	)	$	4		$	8,704		752	$	151		—

Total	$	3	$	38,995	$	30,297	$	(1	)	$	4		$	8,704		752	$	151		—

T.A. World ex U.S. Core Equity Portfolio
The DFA Short Term Investment Fund	$	9,385	$	47,309	$	40,102		—		$	4		$	16,596		1,434	$	229		—

Total	$	9,385	$	47,309	$	40,102		—		$	4		$	16,596		1,434	$	229		—

World ex U.S. Targeted Value Portfolio
The DFA Short Term Investment Fund	$	2,797	$	14,135	$	11,381		—		$	2		$	5,553		480	$	63		—

Total	$	2,797	$	14,135	$	11,381		—		$	2		$	5,553		480	$	63		—

F. Federal Income Taxes:

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

Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined under accounting principles generally accepted in the United States of America. These book/tax differences are either temporary or permanent in nature. To the extent that these differences are permanent, they are charged or credited to paid-in capital or distributable earnings, undistributed net investment income or accumulated net realized gains or losses, as appropriate, in the period that the differences arise. Accordingly, the following permanent differences as of October 31, 2019, primarily attributable to net foreign currency gains/losses, realized gains on securities considered to be “passive foreign investment companies,” non-deductible expenses, foreign capital gains tax, tax equalization, were reclassified to the accounts mentioned above. These reclassifications had no effect on net assets or net asset value per share.

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


	Net Investment Income and Short-Term Capital Gains		Long-Term Capital Gains		Tax Exempt Income		Total
Tax-Managed U.S. Marketwide Value Portfolio
2018	$	87,938	$	151,391		—	$	239,329
2019		92,747		160,445		—		253,192
Tax-Managed U.S. Equity Portfolio
2018		53,147		—		—		53,147
2019		68,491		6,005		—		74,496
Tax-Managed U.S. Targeted Value Portfolio
2018		50,864		182,086		—		232,950
2019		57,437		156,715		—		214,152
Tax-Managed U.S. Small Cap Portfolio
2018		26,140		82,064		—		108,204
2019		27,635		81,215		—		108,850
T.A. U.S. Core Equity 2 Portfolio
2018		130,213		67,325		—		197,538
2019		159,143		52,961		—		212,104
Tax-Managed DFA International Value Portfolio
2018		113,538		—		—		113,538
2019		128,645		—		—		128,645
T.A. World ex U.S. Core Equity Portfolio
2018		86,018		—		—		86,018
2019		110,031		—		—		110,031
World ex U.S. Targeted Value Portfolio
2018		10,452		8,307		—		18,759
2019		12,161		11,822		—		23,983


	Net Investment Income and Short-Term Capital Gains			Long-Term Capital Gains			Total
Tax-Managed U.S. Marketwide Value Portfolio	$	(5,024	)		—		$	(5,024	)
Tax-Managed U.S. Equity Portfolio		(626	)		—			(626	)
Tax-Managed U.S. Targeted Value Portfolio		(4,058	)	$	(3,844	)		(7,902	)
Tax-Managed U.S. Small Cap Portfolio		(1,546	)		(2,194	)		(3,740	)
T.A. U.S. Core Equity 2 Portfolio		(12,799	)		(525	)		(13,324	)
Tax-Managed DFA International Value Portfolio		(3,726	)		—			(3,726	)
T.A. World ex U.S. Core Equity Portfolio		(4,484	)		—			(4,484	)
World ex U.S. Targeted Value Portfolio		(1,359	)		(486	)		(1,845	)

As of October 31, 2019, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):


	Undistributed Net Investment Income and Short-Term Capital Gains		Undistributed Long-Term Capital Gains		Capital Loss Carryforwards			Unrealized Appreciation (Depreciation)			Total Net Distributable Earnings (Accumulated Losses)
Tax-Managed U.S. Marketwide Value Portfolio	$	7,562	$	69,784		—		$	2,397,424		$	2,474,770
Tax-Managed U.S. Equity Portfolio		5,295		—	$	(6,482	)		2,127,068			2,125,881
Tax-Managed U.S. Targeted Value Portfolio		—		89,806		—			1,614,824			1,704,630
Tax-Managed U.S. Small Cap Portfolio		—		52,631		—			1,255,495			1,308,126
T.A. U.S. Core Equity 2 Portfolio		—		181,398		—			4,263,988			4,445,386
Tax-Managed DFA International Value Portfolio		14,408		—		(102,303	)		172,084			84,189
T.A. World ex U.S. Core Equity Portfolio		9,193		—		(57,311	)		526,922			478,804
World ex U.S. Targeted Value Portfolio		809		4,663		—			(13,459	)		(7,987	)


	Unlimited		Total
Tax-Managed U.S. Marketwide Value Portfolio		—		—
Tax-Managed U.S. Equity Portfolio	$	6,482	$	6,482
Tax-Managed U.S. Targeted Value Portfolio		—		—
Tax-Managed U.S. Small Cap Portfolio		—		—
T.A. U.S. Core Equity 2 Portfolio		—		—
Tax-Managed DFA International Value Portfolio		102,303		102,303
T.A. World ex U.S. Core Equity Portfolio		57,311		57,311
World ex U.S. Targeted Value Portfolio		—		—

During the year ended October 31, 2019, the Portfolios did not use capital loss carryforwards to offset realized capital gains for federal income tax purposes.


	Federal Tax Cost		Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
Tax-Managed U.S. Marketwide Value Portfolio	$	2,636,663	$	1,539,932		—		$	1,539,932
Tax-Managed U.S. Equity Portfolio		2,038,082		2,077,709	$	(55,867	)		2,021,842
Tax-Managed U.S. Targeted Value Portfolio		3,393,088		1,870,761		(81,195	)		1,789,566
Tax-Managed U.S. Small Cap Portfolio		2,142,309		1,406,807		(67,403	)		1,339,404
T.A. U.S. Core Equity 2 Portfolio		6,299,574		4,437,229		(210,226	)		4,227,003
Tax-Managed DFA International Value Portfolio		3,630,775		501,312		(250,722	)		250,590
T.A. World ex U.S. Core Equity Portfolio		3,371,262		902,601		(333,512	)		569,089
World ex U.S. Targeted Value Portfolio		545,743		56,430		(51,670	)		4,760

The difference between book-basis and tax-basis unrealized appreciation (depreciation) is primarily attributable to the tax deferral of losses on wash sales and investments in passive foreign investment companies.

G. Financial Instruments:

In accordance with the Portfolios’ investment objectives and policies, the Portfolios may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:

Derivative Financial Instruments:

Summarized below are the specific types of derivative instruments used by the Portfolios.

2. Forward Currency Contracts: The Tax-Managed DFA International Value Portfolio, T.A. World ex U.S. Core Equity Portfolio and World ex U.S. Targeted Value Portfolio may each acquire and sell forward currency contracts to hedge against adverse changes in the relationship of the U.S. dollar to foreign currencies (foreign exchange rate risk). The decision to hedge a Portfolio’s currency exposure with respect to a foreign market will be based primarily

on the Portfolio’s existing exposure to a given foreign currency. Each contract is valued daily and the change in value is recorded by a Portfolio as an unrealized gain or loss, which is presented in the Portfolio’s Statement of Operations as the change in unrealized appreciation or depreciation of forward currency contracts. When the contract is closed or offset with the same counterparty, a Portfolio records a realized gain or loss equal to the change in the value of the contract when it was opened and the value at the time it was closed or offset. This is presented in the Statements of Operations as a net realized gain or loss on forward currency contracts.

3. Futures Contracts: The Portfolios listed below may purchase or sell futures contracts and options on futures contracts for equity securities and indices to adjust market exposure based on actual or expected cash inflows to or outflows from the Portfolios. The Portfolios, however, do not intend to sell futures contracts to establish short positions in individual securities. Upon entering into a futures contract, a Portfolio deposits cash or pledges U.S. Government securities to a broker, in an amount equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Portfolio as unrealized gains or losses until the contract is closed. When the contract is closed, the Portfolio records a realized gain or loss, which is presented in the Statement of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Risks may arise upon entrance into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Portfolios could lose more than the initial margin requirements. The Portfolios entering into stock index futures are subject to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.

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


	Futures*
Tax-Managed DFA International Value Portfolio	$	28,346
World ex U.S. Targeted Value Portfolio		298

*	Average Notional Value of contracts

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


	Asset Derivatives Value
	Total Value at April 30, 2020			Equity Contracts*,(1)
World ex U.S. Targeted Value Portfolio	$	91		$	91

	Liability Derivatives Value
	Total Value at April 30, 2020			Equity Contracts*,(2)
Tax-Managed DFA International Value Portfolio	$	(224	)	$	(224	)

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

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

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


	Realized Gain (Loss) on Derivatives
	Total			Equity Contracts (1)
Tax-Managed U.S. Targeted Value Portfolio	$	(4	)	$	(4	)*
Tax-Managed U.S. Small Cap Portfolio		(1	)		(1	)*
Tax-Managed DFA International Value Portfolio		1,205			1,205
T.A. World ex U.S. Core Equity Portfolio		(3	)		(3	)*
World ex U.S. Targeted Value Portfolio		272			272


	Change in Unrealized Appreciation (Depreciation) on Derivatives
	Total			Equity Contracts (2)
Tax-Managed DFA International Value Portfolio	$	(478	)	$	(478	)
World ex U.S. Targeted Value Portfolio		91			91

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

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

*	As of April 30, 2020, there were no futures contracts outstanding. During the six months ended April 30, 2020, the Portfolios had limited activity in futures contracts.

H. Line of Credit and Interfund Lending Program:

The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 2, 2020. A line of credit with similar terms was in effect through January 2, 2020. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The line of credit agreement expires on January 1, 2021.

For the six months ended April 30, 2020, borrowings by the following Portfolios under the lines of credit were as follows (amounts in thousands, except percentages and days):


	Weighted Average Interest Rate			Weighted Average Loan Balance		Number of Days Outstanding*		Interest Expense Incurred		Maximum Amount Borrowed During the Period		Outstanding Borrowings as of 04/30/2020
Tax-Managed U.S. Equity Portfolio		1.66	%	$	1,605		7		—	$	3,554		—
Tax-Managed U.S. Targeted Value Portfolio		1.36	%		11,147		14	$	7		24,832	$	1,436
Tax-Managed U.S. Small Cap Portfolio		1.25	%		12,330		18		9		39,871		—
T.A. U.S. Core Equity 2 Portfolio		1.61	%		35,087		25		44		107,069		—
Tax-Managed DFA International Value Portfolio		1.19	%		31,219		32		35		95,713		—
T.A. World ex U.S. Core Equity Portfolio		1.21	%		23,339		54		37		108,620		—
World ex U.S. Targeted Value Portfolio		1.91	%		2,778		32		5		18,963		—

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

For the six months ended April 30, 2020, activity by the Portfolios under the interfund lending program was as follows (amounts in thousands, except percentages and days):


	Borrower or Lender		Weighted Average Interest Rate			Weighted Average Loan Balance		Number of Days Outstanding*		Interest Expense/ Income		Maximum Amount Borrowed/Loaned During the Period		Outstanding Borrowings as of 04/30/2020
T.A. World ex U.S. Core Equity Portfolio		Borrower		0.48	%	$	72,414		3	$	5	$	108,620		—

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

I. Affiliated Trades:

or could be considered affiliates by virtue of a common investment advisor (or affiliated investment advisors), common Directors/Trustees and/or common Officers. At its regularly scheduled meetings, the CCO certifies to the Board that the 17a-7 transactions entered into by the Portfolios complied with the Rule 17a-7 Procedures adopted by the Board of Directors of the Fund.

For the six months ended April 30, 2020, cross trades by the Portfolios under Rule 17a-7 were as follows (amounts in thousands):


Portfolio	Purchases		Sales		Realized Gain (Loss)
Tax-Managed U.S. Equity Portfolio	$	7,525	$	9,605	$	(5,691	)
Tax-Managed U.S. Targeted Value Portfolio		109,469		39,523		(38,206	)
Tax-Managed U.S. Small Cap Portfolio		42,907		35,689		(29,430	)
T.A. U.S. Core Equity 2 Portfolio		12,621		36,784		(14,600	)
Tax-Managed DFA International Value Portfolio		13,305		22,708		(6,266	)
T.A. World ex U.S. Core Equity Portfolio		6,134		7,382		(1,751	)
World ex U.S. Targeted Value Portfolio		1,671		5,759		(1,551	)

J. Securities Lending:

As of April 30, 2020, certain of the Portfolios had securities on loan to brokers/dealers, for which each such Portfolio received cash collateral. Additionally, the following Portfolios received non-cash collateral consisting of short- and/or long-term U.S. Treasuries and U.S. government agency securities as follows (amounts in thousands):


	Non-Cash Collateral Market Value
Tax-Managed U.S. Equity Portfolio	$	43,995
Tax-Managed U.S. Targeted Value Portfolio		106,650
Tax-Managed U.S. Small Cap Portfolio		82,217
T.A. U.S. Core Equity 2 Portfolio		162,225
Tax-Managed DFA International Value Portfolio		3,277
T.A. World ex U.S. Core Equity Portfolio		25,917
World ex U.S. Targeted Value Portfolio		3,838

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

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


	Remaining Contractual Maturity of the Agreements As of April 30, 2020
	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
Securities Lending Transactions

Tax-Managed U.S. Equity Portfolio
Common Stocks	$	25,538		—		—		—	$	25,538
Tax-Managed U.S. Targeted Value Portfolio
Common Stocks, Preferred Stocks		116,180		—		—		—		116,180
Tax-Managed U.S. Small Cap Portfolio
Common Stocks, Preferred Stocks, Rights/Warrants		83,822		—		—		—		83,822
T.A. U.S. Core Equity 2 Portfolio
Common Stocks, Preferred Stocks		121,603		—		—		—		121,603
Tax-Managed DFA International Value Portfolio
Common Stocks, Preferred Stocks		8,710		—		—		—		8,710
T.A. World ex U.S. Core Equity Portfolio
Common Stocks, Preferred Stocks, Rights/Warrants		16,590		—		—		—		16,590
World ex U.S. Targeted Value Portfolio
Common Stocks		5,551		—		—		—		5,551

K. Indemnitees; Contractual Obligations:

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

L. Recently Issued Accounting Standards:

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

M. Other:


	Number of Shareholders		Approximate Percentage of Outstanding Shares
Tax-Managed U.S. Marketwide Value Portfolio		3		90	%
Tax-Managed U.S. Equity Portfolio		3		88	%
Tax-Managed U.S. Targeted Value Portfolio		3		94	%
Tax-Managed U.S. Small Cap Portfolio		3		92	%
T.A. U.S. Core Equity 2 Portfolio		3		88	%
Tax-Managed DFA International Value Portfolio		3		93	%
T.A. World ex U.S. Core Equity Portfolio		3		86	%
World ex U.S. Targeted Value Portfolio		3		98	%

The Tax-Managed U.S. Marketwide Value Series has been named as a defendant in a multi-district litigation pending in the United States District Court for the Southern District of New York (the “District Court”), captioned IN RE TRIBUNE COMPANY FRAUDULENT CONVEYANCE LITIGATION, No. 11-MD-2296-RJS (the “Tribune MDL”). The Tribune MDL arises from the 2007 leveraged buyout of The Tribune Company (“Tribune”) (the “LBO”) and Tribune’s subsequent bankruptcy and reorganization. In connection with the LBO, thousands of Tribune shareholders, including The Tax-Managed U.S. Marketwide Value Series, sold Tribune shares back to Tribune for $34 per share. The Tribune MDL includes a series of lawsuits brought by individual creditors of Tribune (the “Individual Creditor Actions”) and a lawsuit brought by the trustee of a litigation trust (the “Trustee”) to whom Tribune’s committee

of unsecured creditors assigned claims (the “Committee Action,” and with the Individual Creditor Actions, collectively referred to as the “Tribune Lawsuits”). The Tribune Lawsuits seek to unwind the LBO stock repurchases as fraudulent transfers and recover the stock repurchase proceeds paid to the Tribune shareholders who participated in the LBO.

Litigation counsel to The Tax-Managed U.S. Marketwide Value Series in the Tribune Lawsuits has advised management that it does not believe that it is possible to predict with any reasonable certainty the probable outcome of the Tribune Lawsuits or quantify the ultimate exposure to The Tax-Managed U.S. Marketwide Value Series arising from the Tribune Lawsuits. Until The Tax-Managed U.S. Marketwide Value Series can do so, no reduction of the net asset value of The Tax-Managed U.S. Marketwide Value Series will be made relating to the Tribune Lawsuits. However, even if the plaintiffs in the Tribune Lawsuits were to obtain the full recovery the plaintiffs seek, the amount would be less than 1% of the net asset value of The Tax-Managed U.S. Marketwide Value Series at this time.

The Tax-Managed U.S. Marketwide Value Series also cannot quantify the cost of the Tribune Lawsuits that could potentially be deducted from its net asset value. Therefore, at this time, those investors buying or redeeming shares of The Tax-Managed U.S. Marketwide Value Series will pay or receive, as the case may be, a price based on the net asset value of The Tax-Managed U.S. Marketwide Value Series, with no adjustment relating to the Tribune Lawsuits. The attorneys’ fees and costs relating to the Tribune Lawsuits will be borne by The Tax-Managed U.S. Marketwide Value Series as incurred and in a manner similar to any other expenses incurred by The Tax-Managed U.S. Marketwide Value Series.

N. Subsequent Event Evaluations:

the global economy and financial markets. While it is too early to predict the impact of COVID-19 related factors, during a time of increased uncertainty and volatility, the performance of the Portfolios may be adversely affected in the near term and, potentially, beyond.

NOTIFICATION OF SOURCE OF DISTRIBUTIONS PURSUANT TO

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


	Estimated % Breakdown of Distribution Sources
Portfolio Name	Net income for the current or preceding fiscal year, and accumulated undistributed net income			Accumulated undistributed net profits from the sale of securities or other properties			Paid-in surplus or other capital source
Tax-Managed U.S. Equity Portfolio
December 17, 2019		94	%		0	%		6	%
Tax-Managed DFA International Value Portfolio
December 17, 2019		93	%		0	%		7	%
T.A. World ex U.S. Core Equity Portfolio
December 17, 2019		89	%		0	%		11	%
World ex U.S. Targeted Value Portfolio
December 17, 2019		85	%		0	%		15	%

THE DFA INVESTMENT TRUST COMPANY

DISCLOSURE OF FUND EXPENSES

(Unaudited)

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

Actual Fund Return

Hypothetical Example for Comparison Purposes

Six Months Ended April 30, 2020

EXPENSE TABLE


	Beginning Account Value 11/01/19		Ending Account Value 04/30/20		Annualized Expense Ratio (1)			Expenses Paid During Period (1)
The Tax-Managed U.S. Marketwide Value Series
Actual Fund Return	$	1,000.00	$	840.60		0.21	%	$	0.96
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.82		0.21	%	$	1.06

(1)

THE DFA INVESTMENT TRUST COMPANY

DISCLOSURE OF PORTFOLIO HOLDINGS

(Unaudited)

PORTFOLIO HOLDINGS

DOMESTIC EQUITY PORTFOLIO


The Tax-Managed U.S. Marketwide Value Series
Communication Services	14.9	%
Consumer Discretionary	5.5	%
Consumer Staples	7.4	%
Energy.	7.2	%
Financials	19.4	%
Health Care.	18.5	%
Industrials.	12.5	%
Information Technology	11.2	%
Materials.	3.1	%
Real Estate.	0.2	%
Utilities.	0.1	%

	100.0	%

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

April 30, 2020

(Unaudited)


		Shares		Value†		Percentage of Net Assets‡
COMMON STOCKS — (97.8%)
COMMUNICATION SERVICES — (14.5%)
	Activision Blizzard, Inc.		496,359	$	31,632,959		0.6	%
	AT&T, Inc.		7,109,251		216,618,878		3.8	%
*	Charter Communications, Inc., Class A		339,394		168,078,091		3.0	%
	Comcast Corp., Class A		6,410,970		241,244,801		4.3	%
*	T-Mobile US, Inc.		268,988		23,617,146		0.4	%
	Walt Disney Co. (The)		498,015		53,860,322		1.0	%
	Other Securities				103,798,756		1.7	%

TOTAL COMMUNICATION SERVICES					838,850,953		14.8	%

CONSUMER DISCRETIONARY — (5.4%)
	General Motors Co.		1,095,598		24,420,879		0.4	%
	Target Corp.		259,962		28,528,230		0.5	%
	Other Securities				257,234,120		4.6	%

TOTAL CONSUMER DISCRETIONARY					310,183,229		5.5	%

CONSUMER STAPLES — (7.2%)
	Archer-Daniels-Midland Co.		750,362		27,868,445		0.5	%
	Mondelez International, Inc., Class A		2,081,099		107,051,733		1.9	%
	Tyson Foods, Inc., Class A		405,030		25,188,816		0.5	%
	Walgreens Boots Alliance, Inc.		659,669		28,557,071		0.5	%
	Walmart, Inc.		1,173,687		142,661,655		2.5	%
	Other Securities				85,180,517		1.5	%

TOTAL CONSUMER STAPLES					416,508,237		7.4	%

ENERGY — (7.1%)
	Chevron Corp.		1,350,819		124,275,348		2.2	%
	ConocoPhillips		1,439,649		60,609,223		1.1	%
	Exxon Mobil Corp.		620,038		28,813,166		0.5	%
	Marathon Petroleum Corp.		1,004,662		32,229,557		0.6	%
	Phillips 66		775,455		56,740,042		1.0	%
	Valero Energy Corp.		605,899		38,383,702		0.7	%
	Other Securities				65,559,918		1.1	%

TOTAL ENERGY					406,610,956		7.2	%

FINANCIALS — (19.0%)
	Bank of America Corp.		5,929,137		142,595,745		2.5	%
*	Berkshire Hathaway, Inc., Class B		171,479		32,128,305		0.6	%
	Capital One Financial Corp.		333,920		21,624,659		0.4	%
	Citigroup, Inc.		1,441,183		69,983,846		1.2	%
	Goldman Sachs Group, Inc. (The)		198,993		36,499,296		0.7	%
	JPMorgan Chase & Co.		2,307,658		220,981,330		3.9	%
	Morgan Stanley		1,036,923		40,885,874		0.7	%
	PNC Financial Services Group, Inc. (The)		217,040		23,151,657		0.4	%
	Truist Financial Corp.		526,391		19,644,912		0.4	%
	Wells Fargo & Co.		2,422,026		70,359,855		1.3	%
	Other Securities				417,585,811		7.3	%

TOTAL FINANCIALS					1,095,441,290		19.4	%

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
HEALTH CARE — (18.1%)
	Abbott Laboratories		915,297	$	84,289,701		1.5	%
	Anthem, Inc.		504,640		141,667,587		2.5	%
*	Cigna Corp.		285,386		55,872,871		1.0	%
	CVS Health Corp.		1,510,745		92,986,355		1.7	%
	Danaher Corp.		375,873		61,440,201		1.1	%
	Humana, Inc.		198,071		75,627,469		1.3	%
	Medtronic P.L.C.		814,175		79,487,905		1.4	%
	Pfizer, Inc.		3,696,959		141,815,347		2.5	%
	Thermo Fisher Scientific, Inc.		435,609		145,789,620		2.6	%
	UnitedHealth Group, Inc.		89,716		26,239,239		0.5	%
	Other Securities				137,865,527		2.3	%

TOTAL HEALTH CARE					1,043,081,822		18.4	%

INDUSTRIALS — (12.2%)
	CSX Corp.		1,008,000		66,759,840		1.2	%
	Eaton Corp. P.L.C.		265,270		22,150,045		0.4	%
	L3Harris Technologies, Inc.		127,356		24,668,857		0.4	%
	Norfolk Southern Corp.		545,229		93,288,682		1.7	%
	Republic Services, Inc.		429,755		33,667,007		0.6	%
	Union Pacific Corp.		420,400		67,175,716		1.2	%
	Other Securities				395,458,053		6.9	%

TOTAL INDUSTRIALS					703,168,200		12.4	%

INFORMATION TECHNOLOGY — (11.0%)
	Fidelity National Information Services, Inc.		201,896		26,628,063		0.5	%
	Intel Corp.		4,943,498		296,511,010		5.3	%
*	Micron Technology, Inc.		878,203		42,057,142		0.8	%
	Other Securities				267,098,151		4.6	%

TOTAL INFORMATION TECHNOLOGY					632,294,366		11.2	%

MATERIALS — (3.0%)
	Newmont Corp.		502,635		29,896,730		0.5	%
	Other Securities				142,776,213		2.6	%

TOTAL MATERIALS					172,672,943		3.1	%

REAL ESTATE — (0.2%)
	Other Securities				10,573,765		0.2	%

UTILITIES — (0.1%)
	Other Securities				8,329,585		0.1	%

TOTAL COMMON STOCKS (Cost $3,484,456,097)					5,637,715,346		99.7	%

TEMPORARY CASH INVESTMENTS — (1.2%)
	State Street Institutional U.S. Government Money Market Fund, 0.216%		69,908,508		69,908,508		1.2	%

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†		Percentage of Net Assets‡
SECURITIES LENDING COLLATERAL — (1.0%)
@§	The DFA Short Term Investment Fund		4,829,090	$	55,877,406		1.0	%

TOTAL INVESTMENTS—(100.0%) (Cost $3,610,231,060)				$	5,763,501,260		101.9	%

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	838,850,953		—		—	$	838,850,953
Consumer Discretionary		310,180,848	$	2,381		—		310,183,229
Consumer Staples		416,508,237		—		—		416,508,237
Energy		406,610,956		—		—		406,610,956
Financials		1,095,412,379		28,911		—		1,095,441,290
Health Care		1,043,081,822		—		—		1,043,081,822
Industrials		703,168,200		—		—		703,168,200
Information Technology		632,294,366		—		—		632,294,366
Materials		172,672,943		—		—		172,672,943
Real Estate		10,573,765		—		—		10,573,765
Utilities		8,329,585		—		—		8,329,585
Temporary Cash Investments		69,908,508		—		—		69,908,508
Securities Lending Collateral		—		55,877,406		—		55,877,406

TOTAL	$	5,707,592,562	$	55,908,698		—	$	5,763,501,260

See accompanying Notes to Financial Statements.

THE DFA INVESTMENT TRUST COMPANY

STATEMENT OF ASSETS AND LIABILITIES

APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	The Tax-Managed U.S. Marketwide Value Series*
ASSETS:
Investment Securities at Value (including $125,406 of securities on loan, respectively)	$	5,637,715
Temporary Cash Investments at Value & Cost		69,909
Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $55,866)		55,877
Receivables:
Investment Securities Sold		3
Dividends and Interest		6,351
Securities Lending Income		75

Total Assets		5,769,930

LIABILITIES:
Payables:
Upon Return of Securities Loaned		55,886
Investment Securities Purchased		58,713
Due to Advisor		854
Accrued Expenses and Other Liabilities		430

Total Liabilities		115,883

NET ASSETS	$	5,654,047

Investment Securities at Cost	$	3,484,456

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

See accompanying Notes to Financial Statements.

THE DFA INVESTMENT TRUST COMPANY

STATEMENT OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)

(Amounts in thousands)


	The Tax-Managed U.S. Marketwide Value Series^#
Investment Income
Dividends (Net of Foreign Taxes Withheld of $11)	$	80,723
Income from Securities Lending		513

Total Investment Income		81,236

Expenses
Investment Management Fees		6,750
Accounting & Transfer Agent Fees		145
Custodian Fees		37
Shareholders’ Reports		8
Directors’/Trustees’ Fees & Expenses		18
Professional Fees		42
Other		42

Total Expenses		7,042

Net Expenses		7,042

Net Investment Income (Loss)		74,194

Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold**		(100,535	)
Affiliated Investment Companies Shares Sold		(20	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(1,165,156	)
Affiliated Investment Companies Shares		(5	)

Net Realized and Unrealized Gain (Loss)		(1,265,716	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(1,191,522	)

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

#	Portion of income is from investment in affiliated fund.

See accompanying Notes to Financial Statements.

THE DFA INVESTMENT TRUST COMPANY

STATEMENT OF CHANGES IN NET ASSETS

(Amounts in thousands)


	The Tax-Managed U.S. Marketwide Value Series
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019
	(Unaudited)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	74,194		$	151,159
Net Realized Gain (Loss) on:
Investment Securities Sold^,*		(100,535	)		102,290
Affiliated Investment Companies Shares Sold		(20	)		—
Futures		—			(2,039	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		(1,165,156	)		326,938
Affiliated Investment Companies Shares		(5	)		9

Net Increase (Decrease) in Net Assets Resulting from Operations		(1,191,522	)		578,357

Transactions in Interest:
Contributions		195,324			305,972
Withdrawals		(627,510	)		(436,360	)

Net Increase (Decrease) from Transactions in Interest		(432,186	)		(130,388	)

Total Increase (Decrease) in Net Assets		(1,623,708	)		447,969
Net Assets
Beginning of Period		7,277,755			6,829,786

End of Period	$	5,654,047		$	7,277,755

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

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

See accompanying Notes to Financial Statements.

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS


	The Tax-Managed U.S. Marketwide Value Series
	Six Months Ended Apr 30, 2020			Year Ended Oct 31, 2019			Year Ended Oct 31, 2018			Year Ended Oct 31, 2017			Year Ended Oct 31, 2016			Year Ended Oct 31, 2015
	(Unaudited)
Total Return		(15.94	%)(B)		8.83	%		4.26	%		22.61	%		2.79	%		2.93	%
Net Assets, End of Period (thousands)	$	5,654,047		$	7,277,755		$	6,829,786		$	6,667,096		$	5,538,404		$	5,348,412
Ratio of Expenses to Average Net Assets		0.21	%(C)		0.21	%		0.21	%		0.21	%		0.21	%		0.21	%
Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)		0.21	%(C)		0.21	%		0.21	%		0.21	%		0.21	%		0.21	%
Ratio of Net Investment Income to Average Net Assets		2.20	%(C)		2.20	%		1.99	%		2.02	%		2.05	%		1.82	%
Portfolio Turnover Rate		5	%(B)		10	%		5	%		7	%		9	%		6	%

See page 1 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

THE DFA INVESTMENT TRUST COMPANY

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

A. Organization:

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

B. Significant Accounting Policies:

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

1. Security Valuation: The Series uses a fair value hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:

•

Level 1 – inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts)

•

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 – significant unobservable inputs (including the Series’ own assumptions in determining the fair value of investments)

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

Securities held by the Series that are listed on Nasdaq are valued at the Nasdaq Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, the Series values the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.

Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Trustees of the Trust. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of Dimensional Fund Advisors LP) occur before the net asset value of the Series is calculated. When fair value pricing is used, the prices of securities used by the Series may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.

The Trustees may receive their distributions of proceeds by one of the following methods: lump sum, annual installments over a period of agreed-upon years, or quarterly installments over a period of agreed-upon years. Each Trustee shall have the right in a notice of election (the “Notice”) to defer the receipt of the Trustee’s deferred compensation until a date specified by such Trustee in the Notice, which date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Trustee ceases to be a member of the Board of Trustees of the Trust; and (ii) five years following the effective date of the Trustee’s first deferral election. If a Trustee who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Trustee’s deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Trustee ceases to be a member of the Board (unless the Trustee files an amended Notice selecting a different distribution date). As of April 30, 2020, none of the Trustees have requested or received a distribution of proceeds of a deferred fee account.

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

C. Investment Advisor:

The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Series. For the six months ended April 30, 2020, the Series’ investment management fee was accrued daily and paid monthly to the Advisor based on the following effective annual rate of average daily net assets:


The Tax-Managed U.S. Marketwide Value Series			0.20	%

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Trustees of the Advisor are also Officers and Trustees of the Trust; however, such Officers and Trustees (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Trust. For the six months ended April 30, 2020, the total related amount paid by the Trust to the CCO was $45 (in thousands). The total related amount paid by the Series is included in Other Expenses on the Statement of Operations.

D. Purchases and Sales of Securities:

For the six months ended April 30, 2020, the Series made the following purchases and sales of investment securities, other than short-term securities, in-kind redemptions and U.S. Government securities (amounts in thousands):


	Other Investment Securities
	Purchases		Sales
The Tax-Managed U.S. Marketwide Value Series	$	342,012	$	695,699

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

For the six months ended April 30, 2020, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, are presented below.


	Balance at October 31, 2019		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss) on Sales			Change in Unrealized Appreciation/ Depreciation			Balance at April 30, 2020		Shares as of April 30, 2020		Dividend Income		Capital Gain Distributions
The Tax-Managed U.S. Marketwide Value Series
The DFA Short Term Investment Fund	$	101,760	$	399,340	$	445,198	$	(20	)	$	(5	)	$	55,877		4,829	$	2,361		—

Total	$	101,760	$	399,340	$	445,198	$	(20	)	$	(5	)	$	55,877		4,829	$	2,361		—

E. Federal Income Taxes:

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


	Federal Tax Cost		Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
The Tax-Managed U.S. Marketwide Value Series	$	4,155,454	$	3,282,037	$	(155,912	)	$	3,126,125

The difference between book-basis and tax-basis unrealized appreciation (depreciation) is primarily attributable to the tax deferral of losses on wash sales.

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

F. Financial Instruments:

Derivative Financial Instruments:

1. Futures Contracts: The Series may purchase or sell futures contracts and options on futures contracts for equity securities and indices to adjust market exposure based on actual or expected cash inflows to or outflows from the Series. The Series, however, does not intend to sell futures contracts to establish short positions in individual securities. Upon entering into a futures contract, the Series deposits cash or pledges U.S. Government securities to a broker, in an amount equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Series as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Series records a realized gain or loss, which is presented in the Statement of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Risks may arise upon entrance into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Series could lose more than the initial margin requirements. The Series will be subject to equity price risk when entering into stock index futures. Counterparty credit risk related to exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.

G. Line of Credit and Interfund Lending Program:

For the six months ended April 30, 2020, borrowings by the Series under the lines of credit were as follows (amounts in thousands, except percentages and days):


	Weighted Average Interest Rate			Weighted Average Loan Balance		Number of Days Outstanding*		Interest Expense Incurred		Maximum Amount Borrowed During the Period		Outstanding Borrowings as of 04/30/2020
The Tax-Managed U.S. Marketwide Value Series		1.66	%	$	14,410		31	$	14	$	48,174		—

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

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

H. Affiliated Trades:

For the six months ended April 30, 2020, cross trades by the Series under Rule 17a-7 were as follows (amounts in thousands):


Series	Purchases		Sales		Realized Gain (Loss)
The Tax-Managed U.S. Marketwide Value Series	$	36,720	$	11,234	$	(1,210	)

I. Securities Lending:

As of April 30, 2020, the Series had securities on loan to brokers/dealers, for which the Series received cash collateral. Additionally, the Series received non-cash collateral consisting of short- and/or long-term U.S. Treasuries and U.S. government agency securities as follows (amounts in thousands):


	Non-Cash Collateral Market Value
The Tax-Managed U.S. Marketwide Value Series	$	74,899


	Remaining Contractual Maturity of the Agreements As of April 30, 2020
	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
Securities Lending Transactions
The Tax-Managed U.S. Marketwide Value Series
Common Stocks	$	55,886		—		—		—	$	55,886

J. Indemnitees; Contractual Obligations:

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

K. Recently Issued Accounting Standards:

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

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

L. Other:

The Tax-Managed U.S. Marketwide Value Series has been named as a defendant in a multi-district litigation pending in the United States District Court for the Southern District of New York (the “District Court”), captioned IN RE TRIBUNE COMPANY FRAUDULENT CONVEYANCE LITIGATION, No. 11-MD-2296-RJS (the “Tribune MDL”). The Tribune MDL arises from the 2007 leveraged buyout of The Tribune Company (“Tribune”) (the “LBO”) and Tribune’s subsequent bankruptcy and reorganization. In connection with the LBO, thousands of Tribune shareholders, including The Tax-Managed U.S. Marketwide Value Series, sold Tribune shares back to Tribune for $34 per share. The Tribune MDL includes a series of lawsuits brought by individual creditors of Tribune (the “Individual Creditor Actions”) and a lawsuit brought the trustee of a litigation trust (the “Trustee”) to whom Tribune’s committee of unsecured creditors assigned claims (the “Committee Action,” and with the Individual Creditor Actions, collectively referred to as the “Tribune Lawsuits”). The Tribune Lawsuits seek to unwind the LBO stock repurchases as fraudulent transfers and recover the stock repurchase proceeds paid to the Tribune shareholders who participated in the LBO.

M. Subsequent Event Evaluations:

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

VOTING PROXIES ON FUND PORTFOLIO SECURITIES

STATEMENT REGARDING LIQUIDITY RISK MANAGEMENT PROGRAM

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

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

BOARD APPROVAL OF INVESTMENT MANAGEMENT AGREEMENTS

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

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

BOARD APPROVAL OF INVESTMENT MANAGEMENT AGREEMENTS

CONTINUED

LOGO

DFA043020-002S

00245692

THE DFA SHORT TERM INVESTMENT FUND

SEMI-ANNUAL REPORT

SIX MONTHS ENDED APRIL 30, 2020

(UNAUDITED)

TABLE OF CONTENTS


SCHEDULE OF PORTFOLIO HOLDINGS			1

SCHEDULE OF INVESTMENTS			2

STATEMENT OF ASSETS AND LIABILITIES			4

STATEMENT OF OPERATIONS			5

STATEMENTS OF CHANGES IN NET ASSETS			6

FINANCIAL HIGHLIGHTS			7

NOTES TO FINANCIAL STATEMENTS			8

SUPPLEMENTAL INFORMATION			13

BOARD APPROVAL OF INVESTMENT MANAGEMENT AGREEMENT			15

THE DFA SHORT TERM INVESTMENT FUND

Schedule of Portfolio Holdings

April 30, 2020 (Unaudited)

The following table indicates the allocation of investments among the asset classes in the Fund as of April 30, 2020:


	Percent of
Security Allocation	Investments
Commercial Paper		28.4	%
Repurchase Agreements		27.7
U.S. Treasury Obligations		20.9
Yankee Certificates of Deposit		10.7
U.S. Government Agency Securities		9.6
Corporate Bonds		2.5
Yankee Bond		0.2

Total Investments		100.0	%

See Notes to Financial Statements.

THE DFA SHORT TERM INVESTMENT FUND

Schedule of Investments

April 30, 2020 (Unaudited)


Security Description	Rate	Maturity		Face Amount $		Fair Value $
CORPORATE BONDS - 2.5%
(y)IBRD Discount Notes	0.30%		05/04/20		150,000,000		149,998,875
(r)Toyota Motor Credit Corp.	1.75% (US0003M + 7 bps)		05/22/20		85,000,000		84,991,730

TOTAL CORPORATE BONDS (Cost $234,996,250)					235,000,000		234,990,605

YANKEE BOND - 0.2%
(r)Shell International Finance BV	2.18% (US0003M + 45 bps)		05/11/20		20,900,000		20,900,544

TOTAL YANKEE BOND (Cost $20,902,550)					20,900,000		20,900,544

COMMERCIAL PAPER - 28.4%
(r)++Bank of Nova Scotia	0.97% (US0001M + 25 bps)		06/18/20		100,000,000		100,056,382
(y)Banque Et Caisse Epargne	1.65%		06/05/20		50,000,000		49,987,500
(y)++BNG Bank NV	0.13%		05/28/20		100,000,000		99,987,243
(y)++BNG Bank NV	0.13%		06/02/20		50,000,000		49,990,834
(y)++BNG Bank NV	0.13%		06/04/20		50,000,000		49,989,646
(y)++Caisse des Depots et Consignations	1.67%		05/05/20		48,000,000		47,999,413
(y)++Caisse des Depots et Consignations	0.18%		05/07/20		25,000,000		24,999,514
(y)++Caisse des Depots et Consignations	0.26%		05/12/20		90,400,000		90,396,052
(y)Cooperatieve Rabobank UA	0.09%		05/04/20		30,000,000		29,999,677
(y)Cooperatieve Rabobank UA	0.09%		05/06/20		50,000,000		49,999,117
(y)Cooperatieve Rabobank UA	0.06%		05/29/20		30,000,000		29,995,022
(y)++DBS Bank, Ltd.	1.62%		05/14/20		85,450,000		85,443,985
(y)++DBS Bank, Ltd.	1.60%		05/22/20		80,000,000		79,988,462
(y)European Investment Bank	0.14%		06/16/20		141,000,000		140,978,646
(y)Export Development Canada	1.64%		05/06/20		28,000,000		27,999,697
(y)Government of Canada	0.07%		05/29/20		50,000,000		49,991,059
(y)Government of Canada	0.06%		06/01/20		75,000,000		74,984,200
(y)Government of Canada	0.07%		06/02/20		50,000,000		49,989,000
(y)Government of Canada	0.07%		06/03/20		50,000,000		49,988,525
(y)++Hydro-Quebec	1.60%		05/11/20		50,000,000		49,993,278
(y)++Landesbank Hessen-Thuringen	0.15%		05/20/20		50,000,000		49,996,528
(y)++Landesbank Hessen-Thuringen	0.16%		05/21/20		50,000,000		49,996,238
(y)++Landesbank Hessen-Thuringen	0.10%		05/22/20		40,000,000		39,996,773
(y)++Landesbank Hessen-Thuringen	0.10%		05/29/20		35,000,000		34,995,574
(y)++Landesbank Hessen-Thuringen	0.40%		07/24/20		100,000,000		99,910,986
(y)++L’Oreal USA, Inc.	0.18%		06/04/20		30,000,000		29,981,129
(y)++Nestle Finance International, Ltd.	0.10%		05/04/20		15,665,000		15,664,842
(y)++NRW.Bank	0.13%		05/05/20		50,000,000		49,999,493
(y)++NRW.Bank	0.12%		05/07/20		50,000,000		49,999,320
(y)++NRW.Bank	0.12%		05/13/20		90,000,000		89,997,953
(r)++Oversea-Chinese Banking Corp., Ltd.	1.00% (US0003M + 10 bps)		09/10/20		50,000,000		49,973,585
(y)Province of British Columbia	0.20%		05/19/20		35,200,000		35,197,362
(r)++Royal Bank of Canada NY	1.81% (US0003M + 12 bps)		11/18/20		50,000,000		49,991,930
(y)++Sumitomo Mitsui Bank NY	0.07%		05/20/20		50,000,000		49,995,250
(y)++Sumitomo Mitsui Bank NY	0.07%		05/21/20		50,000,000		49,994,896
(y)++Sumitomo Mitsui Bank NY	0.17%		05/28/20		85,000,000		84,986,646
(y)++Svenska Handelsbank, Inc.	1.62%		05/19/20		100,000,000		99,991,185
(y)++Svenska Handelsbank, Inc.	1.62%		05/20/20		50,000,000		49,995,250
(y)++Toronto Dominion Bank NY	1.61%		05/18/20		80,000,000		79,993,480
(r)++Toronto Dominion Bank NY	0.82% (US0001M + 10 bps)		11/18/20		200,000,000		199,792,043
(r)++Toronto Dominion Bank NY	1.80% (US0003M + 5 bps)		02/03/21		100,000,000		99,848,943
(y)++United Overseas Bank	0.95%		06/03/20		100,000,000		99,980,828

TOTAL COMMERCIAL PAPER (Cost $2,692,994,994)					2,693,715,000		2,693,037,486

YANKEE CERTIFICATES OF DEPOSIT - 10.7%
(r)Bank of Montreal Chicago	1.79% (US0003M + 6 bps)		05/08/20		250,000,000		250,002,208
(r)Bank of Montreal Chicago	1.65% (US0003M + 34 bps)		07/13/20		28,000,000		27,979,743
(r)Bank of Montreal Chicago	0.85% (US0003M + 8 bps)		09/11/20		50,000,000		49,996,435
(r)Bank of Nova Scotia	1.85% (US0003M + 10 bps)		08/04/20		175,000,000		175,000,000
(r)Bank of Nova Scotia	1.84% (US0003M + 13 bps)		11/13/20		50,000,000		49,994,702
(r)Canadian Imperial Bank of Commerce	1.09% (US0001M + 17 bps)		05/08/20		250,000,000		250,054,229
(r)Canadian Imperial Bank of Commerce	0.98% (US0001M + 17 bps)		05/15/20		55,000,000		55,019,156
(r)Canadian Imperial Bank of Commerce	1.14% (US0001M + 16 bps)		06/01/20		45,000,000		45,012,941
(r)Canadian Imperial Bank of Commerce	1.84% (FEDL01 + 29 bps)		07/17/20		35,000,000		34,981,562
(r)Oversea-Chinese Banking Corp., Ltd.	0.71% (US0001M + 4 bps)		08/21/20		50,000,000		49,977,806
(r)Royal Bank of Canada NY	1.09% (US0001M + 17 bps)		05/08/20		20,000,000		20,003,867
(r)Toronto Dominion Bank NY	1.10% (US0003M + 26 bps)		09/17/20		10,000,000		9,985,589

TOTAL YANKEE CERTIFICATES OF DEPOSIT (Cost $1,018,034,110)					1,018,000,000		1,018,008,238

See Notes to Financial Statements.

THE DFA SHORT TERM INVESTMENT FUND

Schedule of Investments (concluded)

April 30, 2020 (Unaudited)


Security Description	Rate	Maturity		Face Amount $		Fair Value $
U.S. GOVERNMENT AGENCY SECURITIES - 9.6%
(y)Federal Home Loan Bank	0.02%		05/01/20		75,000,000		75,000,000
(y)Federal Home Loan Bank	0.08%		05/05/20		200,000,000		199,998,000
(y)Federal Home Loan Bank	0.21%		05/06/20		100,000,000		99,998,750
(y)Federal Home Loan Bank	0.10%		05/07/20		100,000,000		99,998,500
(y)Federal Home Loan Bank	0.12%		05/27/20		150,000,000		149,990,250
(y)Federal Home Loan Bank	0.10%		06/17/20		84,500,000		84,488,968
(y)Federal Home Loan Bank	0.02%		06/26/20		200,000,000		199,968,888

TOTAL U.S. GOVERNMENT AGENCY SECURITIES (Cost $909,465,501)					909,500,000		909,443,356

REPURCHASE AGREEMENTS - 27.7%
Bank of America Securities LLC (Purchased on 4/30/20, proceeds at maturity $100,000,056, collateralized by U.S. Treasury Securities, 0.38% - 5.25%, 7/15/23 - 11/15/28, market value $102,000,050)	0.02%		05/01/20		100,000,000		100,000,000
Barclays Bank PLC (Purchased on 4/30/20, proceeds at maturity $450,000,250, collateralized by U.S. Treasury Securities, 1.88% - 2.00%, 9/30/22 - 11/30/22, market value $459,000,047)	0.02%		05/01/20		450,000,000		450,000,000
Federal Reserve Bank NY (Purchased on 4/30/20, proceeds at maturity $75,000,000, collateralized by U.S. Treasury Securities, 2.50% - 3.00%, 2/15/45 - 8/15/48, market value $75,000,083)	0.00%		05/01/20		75,000,000		75,000,000
Goldman Sachs & Co. (Purchased on 4/30/20, proceeds at maturity $325,000,271, collateralized by U.S. Government Agency Backed Securities, 2.50% - 8.00%, 6/15/26 - 1/15/55, market value $331,500,000)	0.03%		05/01/20		325,000,000		325,000,000
HSBC Securities (USA), Inc. (Purchased on 4/30/20, proceeds at maturity $325,000,181, collateralized by U.S. Treasury Securities, 0.00% - 5.50%, 5/15/20 - 5/15/29, market value $331,500,005)	0.02%		05/01/20		325,000,000		325,000,000
JPMorgan Securities, Inc. (Purchased on 4/30/20, proceeds at maturity $450,000,375, collateralized by U.S. Government Agency Backed Securities, 2.50% - 5.00%, 6/20/34 - 4/20/50, market value $459,000,000)	0.03%		05/01/20		450,000,000		450,000,000
Mizuho Securities USA, Inc. (Purchased on 4/30/20, proceeds at maturity $150,000,083, collateralized by U.S. Treasury Security, 0.00%, 5/26/20, market value $153,000,054)	0.02%		05/01/20		150,000,000		150,000,000
RBC Dominion Securities (Purchased on 4/30/20, proceeds at maturity $450,000,250, collateralized by U.S. Treasury Securities, 0.00% - 6.00%, 5/21/20 - 8/15/29, market value $459,000,091)	0.02%		05/01/20		450,000,000		450,000,000
Toronto Dominion Securities USA LLC (Purchased on 4/30/20,proceeds at maturity $300,000,250, collateralized by U.S. Government Agency Backed Securities, 0.00% - 7.13%, 5/1/20 - 1/15/30, market value $306,000,123)	0.03%		05/01/20		300,000,000		300,000,000

TOTAL REPURCHASE AGREEMENTS (Cost $2,625,000,000)					2,625,000,000		2,625,000,000

U.S. TREASURY OBLIGATIONS - 20.9%
(y)U.S. Treasury Bill	0.15%		05/12/20		100,000,000		99,998,128
(y)U.S. Treasury Bill	0.00%		05/14/20		100,000,000		99,997,427
(y)U.S. Treasury Bill	0.01%		05/26/20		100,000,000		99,993,924
(y)U.S. Treasury Bill	0.12%		06/02/20		100,000,000		99,991,764
(y)U.S. Treasury Bill	0.09%		06/09/20		100,000,000		99,990,250
(y)U.S. Treasury Bill	0.18%		07/14/20		150,000,000		149,973,792
(y)U.S. Treasury Bill	0.12%		07/30/20		100,000,000		99,974,062
(y)U.S. Treasury Bill	0.24%		09/08/20		100,000,000		99,951,250
(y)U.S. Treasury Bill	0.13%		10/01/20		100,000,000		99,952,187
(r)U.S. Treasury Note	0.26% (USBMMY3M + 14 bps)		04/30/21		300,000,000		300,300,063
(r)U.S. Treasury Note	0.34% (USBMMY3M + 22 bps)		07/31/21		375,000,000		375,735,333
(r)U.S. Treasury Note	0.42% (USBMMY3M + 30 bps)		10/31/21		350,000,000		351,236,792

TOTAL U.S. TREASURY OBLIGATIONS (Cost $1,975,550,410)					1,975,000,000		1,977,094,972

TOTAL INVESTMENTS (Cost $9,476,943,815) - 100.0%						$	9,478,475,201

FEDL01—Effective Federal Funds Rate

US0001M—1 Month US Dollar LIBOR

US0003M—3 Month US Dollar LIBOR

USBMMY3M—U.S. Treasury 3 Month Bill Money Market Yield

Rule 144A, Section 4(2), or other security which is restricted as to resale to institutional investors. The Fund’s Advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. The aggregate value of these securities at April 30, 2020 was $2,103,927,682 which represented 22.2% of the total investments of the Fund.

(r)	The adjustable/variable rate shown is effective as of April 30, 2020.

(y)	The rate shown is the effective yield.

See Notes to Financial Statements.

THE DFA SHORT TERM INVESTMENT FUND

STATEMENT OF ASSETS AND LIABILITIES

APRIL 30, 2020 (Unaudited)


ASSETS:
Investments, at value	$	6,853,475,201
Repurchase agreements, at value		2,625,000,000

Total Investments		9,478,475,201

Cash		424,631,521
Interest receivable		3,516,191

Total Assets		9,906,622,913

LIABILITIES:
Distributions payable		3,933,768
Accrued expenses and other payables:
Investment Management Fees		400,908
CCO Fees		2,243
Director/Trustee Fees		607,677
Professional Fees		40,212
Transfer Agent Fees		9,122
Other Expenses		93,553

Total Liabilities		5,087,483

Net Assets	$	9,901,535,430

NET ASSETS CONSIST OF:
Capital	$	9,903,227,978
Total Distributable Earnings / (Loss)		(1,692,548	)

NET ASSETS	$	9,901,535,430

Shares of Beneficial Interest (unlimited number of shares authorized, no par value)		855,730,678

Net Asset Value (offering and redemption price per share)	$	11.5709

Investments at cost	$	9,476,943,815

See Notes to Financial Statements.

THE DFA SHORT TERM INVESTMENT FUND

STATEMENT OF OPERATIONS

FOR THE SIX MONTHS ENDED APRIL 30, 2020

(Unaudited)


INVESTMENT INCOME:
Interest	$	101,358,755

Total Investment Income		101,358,755

EXPENSES:
Investment Management Fees		3,349,534
Administration Fees		391,866
CCO Fees		7,313
Director/Trustee Fees		15,371
Professional Fees		44,696
Transfer Agent Fees		58,988
Other Expenses		131,618

Total Expenses Before Fee Reductions		3,999,386

Fees Paid Indirectly		(391,866	)

Net Expenses		3,607,520

Net Investment Income		97,751,235

REALIZED/UNREALIZED GAINS (LOSSES) FROM INVESTMENTS
Net Realized Losses from Investment Transactions		(3,013,854	)
Net Change in Unrealized Appreciation on Investments		1,499,862

Net Realized and Unrealized Losses from Investments		(1,513,992	)

CHANGE IN NET ASSETS RESULTING FROM OPERATIONS	$	96,237,243

See Notes to Financial Statements.

THE DFA SHORT TERM INVESTMENT FUND

STATEMENTS OF CHANGES IN NET ASSETS


	For the Six Months Ended April 30, 2020			For the Year Ended October 31, 2019
	(Unaudited)
FROM INVESTMENT ACTIVITIES:
OPERATIONS:
Net Investment Income	$	97,751,235		$	479,423,228
Net Realized Losses from Investment Transactions		(3,013,854	)		(43,771	)
Net Change in Unrealized Appreciation on Investments		1,499,862			382,493

Change in net assets resulting from operations		96,237,243			479,761,950

DISTRIBUTIONS TO SHAREHOLDERS:
Total Distributions Paid		(97,751,235	)		(479,457,652	)

Change in Net Assets from Distributions to Shareholders		(97,751,235	)		(479,457,652	)

CAPITAL TRANSACTIONS:
Proceeds from Shares Issued		37,642,377,379			95,178,731,584
Dividends Reinvested		27,089			186,373
Cost of Shares Redeemed		(44,102,552,453	)		(99,593,526,561	)

Change in Net Assets from Capital Transactions		(6,460,147,985	)		(4,414,608,604	)

Change in Net Assets		(6,461,661,977	)		(4,414,304,306	)
NET ASSETS:
Beginning of Period		16,363,197,407			20,777,501,713

End of Period	$	9,901,535,430		$	16,363,197,407

SHARES TRANSACTIONS:
Shares Issued		3,253,150,203			8,225,889,375
Reinvested		2,341			16,108
Shares Redeemed		(3,811,611,434	)		(8,607,471,835	)

Change in Shares		(558,458,890	)		(381,566,352	)

See Notes to Financial Statements.

THE DFA SHORT TERM INVESTMENT FUND

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)


	For The Period Ended April 30, 2020			For the Year Ended October 31, 2019			For the Year Ended October 31, 2018			For the Year Ended October 31, 2017			For the Year Ended October 31, 2016^(a)			For the Year Ended October 31, 2015
	(Unaudited)
NET ASSET VALUE, BEGINNING OF PERIOD	$	11.5707		$	11.5703		$	11.5715		$	11.5723		$	11.5700		$	11.57

INVESTMENT ACTIVITIES:
Net Investment Income		0.0800			0.2746			0.2041			0.1090			0.0472			0.01
Net Realized and Unrealized Gain/(Losses) on Investments		0.0003			0.0004			(0.0012	)		(0.0007	)		0.0024			—	^(b)

Total from Investment Activities		0.0803			0.2750			0.2029			0.1083			0.0496			0.01

DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net Investment Income		(0.0801	)		(0.2746	)		(0.2041	)		(0.1091	)		(0.0472	)		(0.01	)
Net Realized Gains		—			—	^(b)		—	^(b)		—	^(b)		(0.0001	)		—	^(b)

TOTAL DISTRIBUTIONS		(0.0801	)		(0.2746	)		(0.2041	)		(0.1091	)		(0.0473	)		(0.01	)

Net Asset Value, End of Period	$	11.5709		$	11.5707		$	11.5703		$	11.5715		$	11.5723		$	11.57

Total Return		0.69	%^(c)		2.41	%		1.77	%		0.94	%		0.43	%		0.11	%

SUPPLEMENTAL DATA:
NET ASSETS, END OF PERIOD (000’s)	$	9,901,535		$	16,363,197		$	20,777,502		$	25,276,452		$	22,432,814		$	23,230,655

Ratios to Average Net Assets:
Net Investment Income^(d)		1.46	%		2.38	%		1.74	%		0.95	%		0.41	%		0.11	%
Gross Expenses^(d)		0.06	%		0.06	%		0.06	%		0.06	%		0.06	%		0.06	%
Net Expenses^(d)(e)		0.05	%		0.05	%		0.05	%		0.05	%		0.05	%		0.06	%

(a)	As a result of the SEC’s rules on money market reform, the financial highlight values are now presented to 4 digits beginning in 2016.

(b)	Amount less than $0.005.

(c)	Not annualized.

(d)	Annualized for periods less than one year.

(e)	Ratio as disclosed reflects the impact of custody fee credits earned by the fund on cash balances.

See Notes to Financial Statements.

THE DFA SHORT TERM INVESTMENT FUND

Notes to Financial Statements

April 30, 2020 (Unaudited)

A. ORGANIZATION

The DFA Investment Trust Company (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940 (the “1940 Act”). The Trust consists of eleven series, one of which, The DFA Short Term Investment Fund (the “Fund”), is included in this report. The remaining series are presented in separate reports. The Fund is an investment company and, accordingly, follows the accounting and reporting guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Certification (“ASC”) Topic 946, “Financial Services – Investment Companies.”

The investment objective of the Fund is to seek to provide a high level of current income consistent with liquidity and the preservation of capital. As a money market fund, the Fund will pursue its investment objective by investing in U.S. dollar-denominated short-term debt securities that meet the strict standards established by the Board of Trustees of the Trust (the “Board”), which are in accordance with Rule 2a-7 under the 1940 Act.

The Board is responsible for establishing the Trust’s policies and for overseeing the management of the Trust. Under the Trust’s organizational documents, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In the normal course of business, the Trust enters into contracts that contain a variety of representations and warranties that provide general indemnification. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust and/or its affiliates that have not yet occurred. However, based on prior experience, the Trust expects the risk of loss to be remote.

B. SIGNIFICANT ACCOUNTING POLICIES

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

1. SECURITY VALUATION – The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below:


• Level 1	–	Inputs are quoted prices in active markets for identical securities

• Level 2	–	Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3	–	Significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The securities held by the Fund are valued at market value or fair value in accordance with procedures adopted by the Board. Debt securities are valued on the basis of evaluated prices provided by one or more pricing services or other reasonably reliable sources, including broker/dealers that typically handle the purchase and sale of such securities.

A summary of the inputs used to value the Fund’s investments is disclosed previously in this Note. A valuation hierarchy table has been provided below. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

When determining the fair value of the Fund’s investments, additional consideration is given to those assets or liabilities that have experienced a decrease in the volume or level of activity or have identified circumstances that indicate that a transaction is not orderly.

THE DFA SHORT TERM INVESTMENT FUND

Notes to Financial Statements – (continued)

April 30, 2020 (Unaudited)

The following table provides the fair value measurements of the Fund’s investments by level within the fair value hierarchy as of April 30, 2020:


	LEVEL 1 INVESTMENTS IN SECURITIES		LEVEL 2 INVESTMENTS IN SECURITIES		LEVEL 3 INVESTMENTS IN SECURITIES
THE DFA SHORT TERM INVESTMENT FUND
Corporate Bonds	$	—	$	234,990,605	$	—
Yankee Bonds		—		20,900,544		—
Commercial Paper		—		2,693,037,486		—
Yankee Certificates of Deposit		—		1,018,008,238		—
U.S. Government Agency Securities		—		909,443,356		—
Repurchase Agreements		—		2,625,000,000		—
U.S. Treasury Obligations		—		1,977,094,972		—

Total Investments	$	—	$	9,478,475,201	$	—

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

Each Trustee has the option to receive the distribution of proceeds in one of the following methods: lump sum; annual installments over a period of agreed-upon years; or quarterly installments over a period of agreed-upon years. Each Trustee shall have the right in a notice of election (the “Notice”) to defer the receipt of the Trustee’s deferred compensation until a date specified by such Trustee in the Notice, which date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Trustee ceases to be a member of the Board; and (ii) five years following the effective date of the Trustee’s first deferral election. If a Trustee who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Trustee’s deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Trustee ceases to be a member of the Board (unless the Trustee files an amended Notice selecting a different distribution date). As of April 30, 2020, none of the Trustees have requested or received a distribution of proceeds of a deferred fee account.

At April 30, 2020, the Fund’s total liability of $562,308 for deferred compensation to Trustees is included in the “Director/Trustee Fees” payable (a line item which also includes Trustee fees/expenses, currently in a prepaid state) on the Statement of Assets and Liabilities.

3. SECURITY TRANSACTIONS AND RELATED INCOME – Security transactions are accounted for as of the trade date. Costs used in determining realized gains and losses on the sale of investment securities are on the basis of identified cost. Dividend income and distributions to shareholders are recorded on the ex-dividend date. The Fund generally declares distributions from net investment income on a daily basis and pays dividends monthly. Any capital gains are distributed at least annually. The Fund does not expect to realize any long-term capital gains and losses. The Fund may distribute such income dividends and capital gains more frequently, if necessary, in order to reduce or eliminate federal excise or income taxes on the Fund. Interest income is recognized on an accrual basis and includes amortization or accretion of premia or discount using the straight-line method. Costs used in determining net realized gains and losses on the sales of investment securities are those of the specific securities sold, adjusted for the accretion or amortization of purchase discounts or premia during the respective holding period.

4. ALLOCATIONS – The Trust bears all of its own fees, expenses, charges, assessments, taxes, and other costs incurred in its operation, whether incurred directly by the Trust or by Dimensional Fund Advisors LP, the Fund’s investment adviser (the

THE DFA SHORT TERM INVESTMENT FUND

Notes to Financial Statements – (continued)

April 30, 2020 (Unaudited)

“Advisor” or “DFA”), on its behalf. Expenses directly attributable to the Fund are charged to the Fund. Expenses not directly attributable to the Fund are allocated among the respective portfolios in the Trust on the basis of their relative net assets.

C. FEDERAL INCOME TAXES

The Fund is classified as a regulated investment company for tax purposes. As a regulated investment company, the Fund generally pays no U.S. federal income tax on the income and gains that the Fund distributes to shareholders.

Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulation, which may differ from those amounts determined under U.S. GAAP. These book/tax differences are either temporary (e.g., wash sale losses) or permanent (e.g., reclassification of certain gain/loss and distributions) in nature. To the extent these differences are permanent, they are charged or credited to paid-in capital, undistributed net investment income or accumulated net realized gains, as appropriate, in the period that the differences arise. There were no permanent differences as of April 30, 2020, attributable to distribution redesignations.

As of April 30, 2020, the tax cost of securities and the breakdown of unrealized appreciation and depreciation of securities for federal income tax purposes are as follows:


								Net Unrealized
	Tax Cost of		Unrealized		Unrealized			Appreciation /
	Securities		Appreciation		Depreciation			(Depreciation)
The DFA Short Term Investment Fund	$	9,476,943,815	$	2,160,768	$	(629,382	)	$	1,531,386

ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES sets forth a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return.

For all open tax years and all major taxing jurisdictions, management of the Fund has concluded that there are no significant uncertain tax positions that would require recognition in the Fund’s financial statements. The Fund is not aware of any tax positions for which it is more likely than not that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each of the Fund’s federal tax returns for the prior three fiscal years remains subject to examination by the Internal Revenue Service.

The tax character of distributions paid to shareholders during the years ended October 31, 2019 and October 31, 2018 were as follows:


	Distributions Paid From
	Net Investment Income		Long-Term Capital Gains		Total Distributions Paid
The DFA Short Term Investment Fund
2019	$	490,701,016	$	—	$	490,701,016
2018		446,030,092		—		446,030,092

As of October 31, 2019, the components of distributable earnings (accumulated losses) on a tax basis were as follows:


	Undistributed
	Ordinary Income		Long- Term Capital Gains		Accumulated Earnings		Distributions Payable			Accumulated Capital And Other Losses			Unrealized Appreciation (Depreciation)		Total Accumulated Earnings (Deficit)
The DFA Short Term Investment Fund	$	27,689,785	$	—	$	27,689,785	$	(27,138,305	)	$	(43,771	)	$	31,524	$	539,233

THE DFA SHORT TERM INVESTMENT FUND

Notes to Financial Statements – (continued)

April 30, 2020 (Unaudited)

D. FINANCIAL INSTRUMENTS

REPURCHASE AGREEMENTS – The Fund may engage in repurchase agreement transactions with counterparties with creditworthiness and other characteristics deemed appropriate by the Advisor. The Fund, through its custodian, receives delivery of underlying securities collateralizing a repurchase agreement. Collateral for certain tri-party repurchase agreements is held at the counterparty’s custodian in a segregated account for the benefit of the Fund and the counterparty. The counterparty will be required to maintain collateral with a value at least equal, at all times, to the value of the repurchase obligation including interest. A repurchase agreement transaction involves certain risks in the event of default or insolvency of the counterparty. These risks include possible delay or restrictions upon the Fund’s ability to dispose of the collateral and a possible decline in the value of the collateral during the period while the Fund seeks to assert its rights.

Repurchase agreements (“RA”) permit the Fund, under certain circumstances including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under the RA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Fund. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of the RA counterparty’s bankruptcy or insolvency. Pursuant to the terms of the RA, the Fund receives securities as collateral with a market value in excess of the repurchase price to be received by the Fund upon the maturity of the repurchase transaction. Upon a bankruptcy or insolvency of the RA counterparty, the Fund would recognize a liability with respect to such excess collateral to reflect the Fund’s obligation under bankruptcy law to return the excess to the counterparty.

E. RELATED PARTY TRANSACTIONS

INVESTMENT MANAGER – Dimensional Fund Advisors LP serves as investment advisor to the Fund. Pursuant to an investment management agreement with the Trust with respect to the Fund (the “Investment Management Agreement”), the Advisor manages the investment and reinvestment of the Fund’s assets. DFA has served as the Fund’s investment advisor since the Fund’s commencement of operations. Pursuant to the terms of the investment management agreement, the Advisor receives a management fee calculated daily and payable monthly from the Fund at an annual rate of 0.05% of the average daily net assets.

FEES PAID TO OFFICERS AND TRUSTEES – Certain Officers and Trustees of the Advisor are also Officers and Trustees of the Trust; however, such Officers and Trustees (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Trust. Amounts paid to the Trust’s CCO are reflected on the Statement of Operations as “CCO fees”.

At April 30, 2020, the following number of shareholders held the approximate percentage of the Fund’s outstanding shares:


	Number of Shareholders		Approximate Percentage of Outstanding Shares
The DFA Short Term Investment Fund		5		39	%

F. INTEREST RATE AND CREDIT RISKS

The Fund invests primarily in money market instruments maturing in 397 calendar days or less and which are considered Eligible Securities (as defined in Rule 2a-7 under the 1940 Act). The ability of the issuers of the securities held by the Fund to meet their obligations may be affected by economic developments in a specific industry, state or region.

The Fund is subject to the risk that the Advisor’s security selection and expectations regarding interest rate trends will cause the yields of the Fund to lag the performance of other mutual funds with similar investment objectives or the performance of short-term debt instruments. The emphasis of the Fund on quality and liquidity also could cause the Fund to underperform when compared to other money market funds, particularly those that take greater maturity and credit risks.

THE DFA SHORT TERM INVESTMENT FUND

Notes to Financial Statements – (concluded)

April 30, 2020 (Unaudited)

G. LINE OF CREDIT AND INTERFUND LENDING PROGRAM

The Fund, together with other Dimensional-advised portfolios, has entered into a $700 million unsecured line of credit with its custodian bank effective January 2, 2020. A similar line of credit for $700 million was in effect through January 2, 2020. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed to by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the line of credit expires on January 1, 2021. There were no borrowings by the Fund under this line of credit during the six-month period ended April 30, 2020.

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

For the six months ended April 30, 2020, activity by the Fund under the interfund lending program was as follows (amounts in thousands, except percentages and days):


Lender	Weighted Average Loan Balance		Number of Days Outstanding*		Weighted Average Annualized Interest Rate			Interest Income (Expense)
The DFA Short Term Investment Fund	$	86,023		13		0.33	%	$	17

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

H. RECENTLY ISSUED ACCOUNTING STANDARDS

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

I. SUBSEQUENT EVENTS

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

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

THE DFA SHORT TERM INVESTMENT FUND

Supplemental Information

April 30, 2020 (Unaudited)

EXPENSE EXAMPLES

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

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from November 1, 2019 to April 30, 2020.

Actual Expenses

---------------

The table below provides information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.


	Beginning Account Value 11/1/19		Ending Account Value 4/30/20		Expenses Paid During Period* 11/1/19 - 4/30/20		Annualized Expense Ratio During Period 11/1/19 - 4/30/20
The DFA Short Term Investment Fund	$	1,000.00	$	1,006.90	$	0.25		0.05	%

*	Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the period from November 1, 2019 to April 30, 2020, divided by the number of days in the fiscal year.

Hypothetical Example for Comparison Purposes

--------------------------------------------

The table below provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads), redemption fees, or exchange fees. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.


	Beginning Account Value 11/1/19		Ending Account Value 4/30/20		Expenses Paid During Period* 11/1/19 - 4/30/20		Annualized Expense Ratio During Period 11/1/19 - 4/30/20
The DFA Short Term Investment Fund	$	1,000.00	$	1,024.61	$	0.25		0.05	%

*	Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the period from November 1, 2019 to April 30, 2020, divided by the number of days in the fiscal year.

THE DFA SHORT TERM INVESTMENT FUND

Supplemental Information – (continued)

April 30, 2020 – (Unaudited)

VOTING PROXIES ON FUND PORTFOLIO SECURITIES

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

PORTFOLIO HOLDINGS INFORMATION

The SEC requires that all money market funds publish their holdings on a monthly basis on the fund’s website and file a complete Schedule of Investments with the SEC monthly on Form N-MFP. Such Form N-MFP filing must be made within five business days of the end of the month. They are available on the Fund’s website at http://us.dimensional.com/dfa-short-term-investment-fund, or by visiting the SEC’s website at http://www.sec.gov.

THE DFA SHORT TERM INVESTMENT FUND

Supplemental Information – (continued)

April 30, 2020 – (Unaudited)

Money Market Series

BOARD APPROVAL OF INVESTMENT MANAGEMENT AGREEMENT

At the Board meeting held on December 17-18, 2019 (the “Meeting”), the Board of Trustees of The DFA Investment Trust Company (the “Board”) considered the continuation of the investment management agreement (the “Management Agreement”) for the Fund.

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

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

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

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

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

THE DFA SHORT TERM INVESTMENT FUND

Supplemental Information – (concluded)

April 30, 2020 – (Unaudited)

The Board considered the profitability of the Fund to the Advisor by reviewing the profitability analysis provided by the Advisor, including information about its fee revenues and income. The Board reviewed the overall profitability of the Advisor, and the compensation that it received for providing services to the Fund. The Board considered the profitability to the Advisor of managing and servicing the Fund and the Advisor’s unregistered clients, such as collective trusts, group trusts and separate accounts. Upon closely examining the Advisor’s profitability, the Board concluded, among other things, that it was reasonable and similar to the profitability reported in previous years.

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

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

ITEM 2.

CODE OF ETHICS.

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

ITEM 3.

AUDIT COMMITTEE FINANCIAL EXPERT.

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

ITEM 4.

PRINCIPAL ACCOUNTANT FEES AND SERVICES.

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

ITEM 5.

AUDIT COMMITTEE OF LISTED REGISTRANTS.

This item is not applicable to the Registrant because it is not a listed issuer.

ITEM 6.

INVESTMENTS.

(a) Please see the schedules of investments contained in the reports to stockholders included under Item 1 of this Report except as discussed below. Provided below is a complete schedule of investments for each series of the Registrant that provided a summary schedule of portfolio holdings in a report to stockholders included under Item 1 in lieu of a complete schedule of investments. The schedules of investments for the following series are provided below:


Name of Entity for which Schedule of Investments is Provided
The U.S. Large Cap Value Series
The DFA International Value Series
The Japanese Small Company Series
The Asia Pacific Small Company Series
The United Kingdom Small Company Series
The Continental Small Company Series
The Canadian Small Company Series
The Emerging Markets Series
The Emerging Markets Small Cap Series
The Tax-Managed U.S. Marketwide Value Series

THE U.S. LARGE CAP VALUE SERIES

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


		Shares		Value†
COMMON STOCKS — (97.5%)
COMMUNICATION SERVICES — (12.4%)
	Activision Blizzard, Inc.		71,135	$	4,533,434
	AT&T, Inc.		30,756,965		937,164,724
#	CenturyLink, Inc.		7,391,428		78,496,965
*	Charter Communications, Inc., Class A		918,291		454,765,252
	Comcast Corp., Class A		20,425,790		768,622,478
# *	Discovery, Inc., Class A		1,025,284		22,986,867
*	Discovery, Inc., Class C		1,502,102		30,657,902
*	DISH Network Corp., Class A		631,400		15,794,471
#	Fox Corp., Class A		827,381		21,404,347
*	Fox Corp., Class B		322,091		8,232,646
# *	GCI Liberty, Inc., Class A		59,566		3,623,400
	Interpublic Group of Cos., Inc. (The)		601,891		10,220,109
*	Liberty Broadband Corp., Class A		27,366		3,284,467
*	Liberty Broadband Corp., Class C		180,560		22,151,101
# *	Liberty Media Corp.-Liberty Formula One, Class A		39,281		1,188,250
*	Liberty Media Corp.-Liberty Formula One, Class C		78,562		2,528,911
*	Liberty Media Corp.-Liberty SiriusXM, Class A		157,126		5,296,717
# *	Liberty Media Corp.-Liberty SiriusXM, Class C		314,252		10,706,566
*	Madison Square Garden Entertainment Corp.		12,866		1,064,018
*	Madison Square Garden Sports C		12,866		2,204,203
#	News Corp., Class A		527,829		5,230,785
	News Corp., Class B		64,856		662,828
*	T-Mobile US, Inc.		1,300,507		114,184,515
	Verizon Communications, Inc.		93,045		5,345,435
#	ViacomCBS, Inc., Class A		2,909		57,104
	ViacomCBS, Inc., Class B		1,165,067		20,109,056
	Walt Disney Co. (The)		2,860,892		309,405,470
# *	Zillow Group, Inc., Class C		6,600		290,136

TOTAL COMMUNICATION SERVICES					2,860,212,157

CONSUMER DISCRETIONARY — (5.6%)
	Advance Auto Parts, Inc.		261,735		31,646,379
	Aptiv P.L.C.		15,300		1,064,115
	Aramark		1,197,774		32,711,208
#	Autoliv, Inc.		418,017		25,089,380
#	BorgWarner, Inc.		1,108,515		31,670,274
# *	Caesars Entertainment Corp.		154,842		1,495,774
# *	Capri Holdings, Ltd.		24,034		366,519
# *	CarMax, Inc.		262,735		19,350,433
#	Carnival Corp.		1,353,266		21,516,929
*	Dollar Tree, Inc.		426,375		33,969,296
	DR Horton, Inc.		3,077,410		145,315,300
#	Ford Motor Co.		16,130,736		82,105,446
#	Gap, Inc. (The)		942,706		7,654,773
	Garmin, Ltd.		539,936		43,821,206
	General Motors Co.		5,911,367		131,764,370
	Gentex Corp.		1,388,344		33,653,459
#	Harley-Davidson, Inc.		370,562		8,089,368
#	Hyatt Hotels Corp., Class A		139,548		7,850,970
#	Kohl’s Corp.		522,885		9,652,457
#	Lear Corp.		355,345		34,699,439
#	Lennar Corp., Class A		980,125		49,074,859
#	Lennar Corp., Class B		37,985		1,449,128

THE U.S. LARGE CAP VALUE SERIES

CONTINUED


		Shares		Value†
CONSUMER DISCRETIONARY — (Continued)
*	LKQ Corp.		1,710,474	$	44,728,895
#	MGM Resorts International		2,363,685		39,780,819
# *	Mohawk Industries, Inc.		582,542		51,100,584
	Newell Brands, Inc.		686,895		9,534,103
# *	Norwegian Cruise Line Holdings, Ltd.		458,271		7,515,644
	PulteGroup, Inc.		2,391,049		67,594,955
#	PVH Corp.		418,266		20,591,235
# *	Qurate Retail, Inc.		63,525		511,694
#	Ralph Lauren Corp.		326,288		24,073,529
#	Royal Caribbean Cruises, Ltd.		1,212,750		56,720,318
*	Skechers U.S.A., Inc., Class A		31,900		898,942
	Tapestry, Inc.		441,647		6,571,707
	Target Corp.		1,298,687		142,517,911
	Tiffany & Co.		56,092		7,095,638
	Toll Brothers, Inc.		212,428		5,102,521
# *	Veoneer, Inc.		289,615		2,832,435
#	Whirlpool Corp.		493,880		55,186,151

TOTAL CONSUMER DISCRETIONARY					1,296,368,163

CONSUMER STAPLES — (5.1%)
	Archer-Daniels-Midland Co.		1,090,428		40,498,496
	Bunge, Ltd.		587,605		23,310,290
	Conagra Brands, Inc.		446,390		14,927,282
	Constellation Brands, Inc., Class A		213,898		35,226,862
#	Coty, Inc., Class A		878,972		4,790,397
	Ingredion, Inc.		246,558		20,020,510
#	JM Smucker Co. (The)		864,361		99,323,722
	Kraft Heinz Co. (The)		974,551		29,558,132
	Kroger Co. (The)		2,823,877		89,262,752
#	Molson Coors Beverage Co., Class B		659,891		27,062,130
	Mondelez International, Inc., Class A		3,331,133		171,353,482
*	Pilgrim’s Pride Corp.		6,211		136,642
# *	Post Holdings, Inc.		411,384		37,785,620
	Seaboard Corp.		13		39,144
	Tyson Foods, Inc., Class A		1,708,709		106,264,613
*	US Foods Holding Corp.		1,072,390		23,056,385
	Walgreens Boots Alliance, Inc.		3,325,385		143,955,917
	Walmart, Inc.		2,536,159		308,270,126

TOTAL CONSUMER STAPLES					1,174,842,502

ENERGY — (9.7%)
#	Apache Corp.		1,244,953		16,283,985
	Baker Hughes Co.		820,593		11,447,272
	Chevron Corp.		6,692,091		615,672,372
	Cimarex Energy Co.		11,916		302,905
	Concho Resources, Inc.		714,804		40,543,683
	ConocoPhillips		5,038,126		212,105,105
#	Devon Energy Corp.		1,100,536		13,723,684
#	Diamondback Energy, Inc.		380,922		16,585,344
	EOG Resources, Inc.		466,277		22,152,820
	Exxon Mobil Corp.		12,826,589		596,051,591
	Halliburton Co.		750,288		7,878,024
#	Hess Corp.		966,730		47,021,747
	HollyFrontier Corp.		1,260,783		41,656,270
	Kinder Morgan, Inc.		4,363,116		66,450,257
#	Marathon Oil Corp.		1,293,179		7,914,256
	Marathon Petroleum Corp.		3,035,515		97,379,321
#	National Oilwell Varco, Inc.		1,225,519		15,490,560

THE U.S. LARGE CAP VALUE SERIES

CONTINUED


		Shares		Value†
ENERGY — (Continued)
#	Noble Energy, Inc.		2,207,065	$	21,651,308
#	Occidental Petroleum Corp.		3,385,945		56,206,687
	Parsley Energy, Inc., Class A		89,221		843,138
	Phillips 66		1,192,291		87,239,933
	Pioneer Natural Resources Co.		441,198		39,403,393
	Schlumberger, Ltd.		1,730,153		29,101,173
#	Targa Resources Corp.		435,529		5,644,456
#	TechnipFMC P.L.C.		1,349,851		12,027,172
	Valero Energy Corp.		2,387,921		151,274,795
	Williams Cos., Inc. (The)		189,650		3,673,521

TOTAL ENERGY					2,235,724,772

FINANCIALS — (19.8%)
	Aflac, Inc.		1,555,653		57,932,518
	Alleghany Corp.		33,873		18,078,359
	Allstate Corp. (The)		792,190		80,581,567
	Ally Financial, Inc.		3,013,089		49,384,529
	American Financial Group, Inc.		352,608		23,356,754
	American International Group, Inc.		1,399,338		35,585,165
*	Arch Capital Group, Ltd.		522,976		12,567,113
	Assurant, Inc.		226,026		24,013,002
*	Athene Holding, Ltd., Class A		122,622		3,310,794
	Axis Capital Holdings, Ltd.		76,336		2,793,898
	Bank of America Corp.		18,272,093		439,443,837
	Bank of New York Mellon Corp. (The)		3,570,549		134,038,409
*	Berkshire Hathaway, Inc., Class B		2,919,620		547,020,003
#	BOK Financial Corp.		6,114		316,644
	Capital One Financial Corp.		1,998,252		129,406,799
	Chubb, Ltd.		590,560		63,786,386
	Citigroup, Inc.		6,825,155		331,429,527
	Citizens Financial Group, Inc.		912,076		20,421,382
	CNA Financial Corp.		188,355		5,948,251
	Comerica, Inc.		155,103		5,406,891
	E*TRADE Financial Corp.		64,016		2,599,690
#	East West Bancorp, Inc.		105,524		3,700,727
	Equitable Holdings, Inc.		1,600		29,312
	Everest Re Group, Ltd.		128,591		22,262,960
	Fifth Third Bancorp		4,741,899		88,626,092
#	Franklin Resources, Inc.		47,772		900,024
	Goldman Sachs Group, Inc. (The)		1,174,999		215,518,317
	Hartford Financial Services Group, Inc. (The)		2,308,918		87,715,795
	Huntington Bancshares, Inc.		6,621,934		61,186,670
#	Invesco, Ltd.		920,299		7,932,977
	Jefferies Financial Group, Inc.		303,442		4,163,224
	JPMorgan Chase & Co.		5,905,370		565,498,231
	KeyCorp		4,153,962		48,393,657
	Lincoln National Corp.		716,472		25,413,262
	Loews Corp.		1,036,913		35,939,405
	M&T Bank Corp.		159,324		17,857,034
*	Markel Corp.		299		258,886
	MetLife, Inc.		1,663,754		60,028,244
#	Morgan Stanley		4,889,616		192,797,559
#	New York Community Bancorp, Inc.		866,415		9,409,267
	Old Republic International Corp.		816,263		13,019,395
#	People’s United Financial, Inc.		396,896		5,036,610
	PNC Financial Services Group, Inc. (The)		1,281,228		136,668,591
	Principal Financial Group, Inc.		1,684,917		61,347,828
#	Prosperity Bancshares, Inc.		47,592		2,852,188
	Prudential Financial, Inc.		751,138		46,848,477

THE U.S. LARGE CAP VALUE SERIES

CONTINUED


		Shares		Value†
FINANCIALS — (Continued)
#	Regions Financial Corp.		6,114,973	$	65,735,960
	Reinsurance Group of America, Inc.		221,354		23,171,337
	RenaissanceRe Holdings, Ltd.		112,797		16,469,490
	Santander Consumer USA Holdings, Inc.		811,033		12,644,004
	Signature Bank		400		42,872
	State Street Corp.		412,299		25,991,329
	Synchrony Financial		1,129,706		22,356,882
	Synovus Financial Corp.		149,872		3,148,811
#	TCF Financial Corp.		136,600		4,055,654
	Travelers Cos., Inc. (The)		1,137,532		115,129,614
	Truist Financial Corp.		3,754,654		140,123,687
	U.S. Bancorp		657,735		24,007,327
	Unum Group		780,133		13,613,321
	Voya Financial, Inc.		184,436		8,330,974
	Wells Fargo & Co.		12,774,691		371,104,773
	WR Berkley Corp.		260,023		14,041,242
#	Zions Bancorp NA		923,809		29,201,602

TOTAL FINANCIALS					4,589,995,129

HEALTH CARE — (18.5%)
	Abbott Laboratories		443,906		40,879,304
*	Alexion Pharmaceuticals, Inc.		206,959		22,241,884
	Allergan P.L.C.		496,938		93,096,365
	Anthem, Inc.		1,307,797		367,137,852
	Becton Dickinson and Co.		75,909		19,169,300
*	Biogen, Inc.		185,413		55,036,141
*	Bio-Rad Laboratories, Inc., Class A		28,257		12,435,906
*	Boston Scientific Corp.		1,300		48,724
	Bristol-Myers Squibb Co.		1,181,165		71,826,644
	Cardinal Health, Inc.		974,745		48,230,383
*	Centene Corp.		1,676,531		111,623,434
# *	Change Healthcare, Inc.		1,125,378		13,099,400
*	Cigna Corp.		1,532,809		300,093,346
	CVS Health Corp.		5,447,574		335,298,180
	Danaher Corp.		1,567,775		256,268,501
# *	DaVita, Inc.		1,113,953		88,013,426
	DENTSPLY SIRONA, Inc.		248,765		10,557,587
*	Elanco Animal Health, Inc.		77,428		1,913,246
	Envista Holdings Corp.		682,946		13,296,959
# *	Henry Schein, Inc.		186,248		10,161,691
	Humana, Inc.		519,080		198,195,126
*	IQVIA Holdings, Inc.		267,416		38,130,847
*	Jazz Pharmaceuticals P.L.C.		216,273		23,844,098
*	Laboratory Corp. of America Holdings		761,302		125,196,114
	McKesson Corp.		566,777		80,057,251
	Medtronic P.L.C.		3,334,526		325,549,773
*	Mylan NV		3,258,350		54,642,529
	PerkinElmer, Inc.		110,802		10,030,905
	Perrigo Co. P.L.C.		386,545		20,602,848
	Pfizer, Inc.		24,516,708		940,460,919
	Quest Diagnostics, Inc.		975,068		107,364,737
	STERIS P.L.C.		209,661		29,876,692
*	Syneos Health, Inc.		13,705		764,602
	Thermo Fisher Scientific, Inc.		1,048,159		350,797,854
*	United Therapeutics Corp.		2,261		247,715
	Universal Health Services, Inc., Class B		543,070		57,397,068
	Zimmer Biomet Holdings, Inc.		323,050		38,669,085

TOTAL HEALTH CARE					4,272,256,436

THE U.S. LARGE CAP VALUE SERIES

CONTINUED


		Shares		Value†
INDUSTRIALS — (9.9%)
*	AECOM		520,350	$	18,867,891
	AGCO Corp.		349,769		18,481,794
	Alaska Air Group, Inc.		543,670		17,680,148
	AMERCO		84,734		23,736,535
	AMETEK, Inc.		142,169		11,923,714
	Arcosa, Inc.		75,409		2,810,493
	Carlisle Cos., Inc.		361,400		43,714,944
*	Carrier Global Corp.		2,467,746		43,703,782
	Cummins, Inc.		404,064		66,064,464
	Deere & Co.		49,088		7,120,705
	Delta Air Lines, Inc.		2,880,182		74,625,516
	Dover Corp.		415,802		38,939,857
	Eaton Corp. P.L.C.		1,805,121		150,727,604
	Emerson Electric Co.		244,394		13,937,790
	FedEx Corp.		1,023,792		129,786,112
	Fluor Corp.		363		4,247
	Fortive Corp.		78,002		4,992,128
	Fortune Brands Home & Security, Inc.		523,155		25,216,071
	General Dynamics Corp.		117,605		15,361,565
	General Electric Co.		4,452,594		30,277,639
	Howmet Aerospace, Inc.		2,019,433		26,393,989
	Hubbell, Inc.		27,996		3,483,542
# *	Ingersoll Rand, Inc.		796,624		23,165,826
	Jacobs Engineering Group, Inc.		415,660		34,395,865
# *	JetBlue Airways Corp.		1,548,592		15,083,286
	Johnson Controls International P.L.C.		1,635,287		47,603,205
	Kansas City Southern		681,598		88,982,619
	ManpowerGroup, Inc.		360,280		26,747,187
	Nielsen Holdings P.L.C.		1,415,882		20,855,942
	Norfolk Southern Corp.		1,352,330		231,383,663
	nVent Electric P.L.C.		13,164		245,509
	Oshkosh Corp.		340,740		23,010,172
*	Otis Worldwide Corp.		1,233,873		62,816,474
	Owens Corning		643,147		27,886,854
	PACCAR, Inc.		769,837		53,295,816
	Parker-Hannifin Corp.		96,829		15,310,602
	Pentair P.L.C.		1,025,620		35,476,196
	Quanta Services, Inc.		653,713		23,769,005
	Raytheon Technologies Corp.		2,467,746		159,934,618
	Republic Services, Inc.		1,869,856		146,484,519
*	Sensata Technologies Holding P.L.C.		638,984		23,246,238
#	Snap-on, Inc.		315,643		41,125,126
	Southwest Airlines Co.		1,540,288		48,134,000
	Stanley Black & Decker, Inc.		772,699		85,151,430
	Textron, Inc.		1,940,539		51,152,608
	Trane Technologies P.L.C.		810,600		70,862,652
*	United Airlines Holdings, Inc.		1,825,283		53,991,871
# *	United Rentals, Inc.		235,205		30,223,843
#	Wabtec Corp.		306,885		17,314,452
# *	XPO Logistics, Inc.		847,283		56,547,667

TOTAL INDUSTRIALS					2,282,047,775

INFORMATION TECHNOLOGY — (10.8%)
*	Akamai Technologies, Inc.		37,876		3,700,864
	Amdocs, Ltd.		723,158		46,600,302
	Analog Devices, Inc.		610,645		66,926,692
*	Arrow Electronics, Inc.		476,297		29,968,607
	Avnet, Inc.		5,178		155,444
*	CACI International, Inc., Class A		4,400		1,100,616

THE U.S. LARGE CAP VALUE SERIES

CONTINUED


		Shares		Value†
INFORMATION TECHNOLOGY — (Continued)
#	Cerence Inc.		658	$	13,923
*	Ciena Corp.		75,200		3,478,000
	Cognizant Technology Solutions Corp., Class A		377,651		21,911,311
#	Corning, Inc.		3,942,053		86,764,587
	Dolby Laboratories, Inc., Class A		16,857		1,011,926
	DXC Technology Co.		1,267,555		22,980,772
	Fidelity National Information Services, Inc.		1,262,868		166,559,660
*	Fiserv, Inc.		372,387		38,378,204
# *	Flex, Ltd.		1,342,960		13,107,290
	Global Payments, Inc.		230,621		38,287,698
	Hewlett Packard Enterprise Co.		8,088,422		81,369,525
	HP, Inc.		9,390,456		145,645,973
	Intel Corp.		17,205,184		1,031,966,936
# *	IPG Photonics Corp.		2,234		288,923
	Jabil, Inc.		219,735		6,249,263
	Juniper Networks, Inc.		1,224,710		26,453,736
	Lam Research Corp.		71,254		18,189,721
	Leidos Holdings, Inc.		739,121		73,032,546
#	Marvell Technology Group, Ltd.		1,122,782		30,023,191
#	Microchip Technology, Inc.		36,436		3,196,530
*	Micron Technology, Inc.		5,140,431		246,175,241
# *	Nuance Communications, Inc.		4,368		88,234
# *	ON Semiconductor Corp.		2,100,656		33,705,026
*	Qorvo, Inc.		509,820		49,977,655
	Skyworks Solutions, Inc.		384,886		39,981,958
	SS&C Technologies Holdings, Inc.		244,571		13,490,536
	SYNNEX Corp.		95,834		8,391,225
	TE Connectivity, Ltd.		993,685		72,996,100
	Western Digital Corp.		1,141,714		52,610,181
*	Xerox Holdings Corp.		1,739,519		31,815,802

TOTAL INFORMATION TECHNOLOGY					2,506,594,198

MATERIALS — (5.1%)
	Air Products & Chemicals, Inc.		380,605		85,856,876
#	Albemarle Corp.		584,580		35,910,749
# *	Amcor, PLC		388,772		3,487,285
# *	Arconic Corp.		504,858		4,402,362
#	Ball Corp.		644		42,240
	Celanese Corp.		48,836		4,056,807
	CF Industries Holdings, Inc.		1,284,847		35,333,292
*	Corteva, Inc.		1,044,893		27,365,748
*	Dow, Inc.		1,432,858		52,571,560
	DuPont de Nemours, Inc.		1,044,893		49,130,869
	Eastman Chemical Co.		1,058,943		64,076,641
#	Freeport-McMoRan, Inc.		5,353,048		47,267,414
	Huntsman Corp.		314,029		5,278,827
#	International Flavors & Fragrances, Inc.		36,015		4,719,045
	International Paper Co.		2,100,745		71,950,516
	Linde P.L.C.		682,849		125,637,387
	LyondellBasell Industries NV, Class A		641,266		37,161,365
	Martin Marietta Materials, Inc.		262,681		49,969,807
	Mosaic Co. (The)		1,232,432		14,185,292
	Newmont Corp.		1,822,997		108,431,862
	Nucor Corp.		2,518,486		103,736,438
#	Packaging Corp. of America		104,846		10,133,366
	PPG Industries, Inc.		8,900		808,387
	Reliance Steel & Aluminum Co.		459,415		41,154,396
	Royal Gold, Inc.		120,393		14,751,754
	Sonoco Products Co.		172,782		8,438,673

THE U.S. LARGE CAP VALUE SERIES

CONTINUED


		Shares		Value†
MATERIALS — (Continued)
	Steel Dynamics, Inc.		1,698,064	$	41,212,013
	Valvoline, Inc.		1,033,732		17,769,853
	Vulcan Materials Co.		518,836		58,612,903
#	Westlake Chemical Corp.		372,164		16,170,526
	WestRock Co.		1,131,953		36,437,567

TOTAL MATERIALS					1,176,061,820

REAL ESTATE — (0.3%)
*	CBRE Group, Inc., Class A		742,520		31,876,384
*	Howard Hughes Corp. (The)		4,513		244,424
#	Jones Lang LaSalle, Inc.		309,764		32,704,883

TOTAL REAL ESTATE					64,825,691

UTILITIES — (0.3%)
	MDU Resources Group, Inc.		248,941		5,591,215
	NRG Energy, Inc.		1,445,428		48,465,201
	Vistra Energy Corp.		1,084,247		21,186,186

TOTAL UTILITIES					75,242,602

TOTAL COMMON STOCKS Cost ($19,730,793,532)					22,534,171,245

TEMPORARY CASH INVESTMENTS — (1.4%)
	State Street Institutional U.S. Government Money Market Fund 0.216%		310,708,876		310,708,876

SECURITIES LENDING COLLATERAL — (1.1%)
@ §	The DFA Short Term Investment Fund		22,079,889		255,486,398

TOTAL INVESTMENTS — (100.0%) (Cost $20,296,945,427)				$	23,100,366,519

P.L.C. Public Limited Company

†	See Note B to Financial Statements.

#	Total or Partial Securities on Loan.

*	Non-Income Producing Securities.

@	Security purchased with cash collateral received from Securities on Loan.

§	Affiliated Fund.

As of April 30, 2020, The U.S. Large Cap Value Series had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		2,574		06/19/20	$	329,401,150	$	373,538,880	$	44,137,730

Total Futures Contracts					$	329,401,150	$	373,538,880	$	44,137,730

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	2,860,212,157		—		—	$	2,860,212,157
Consumer Discretionary		1,296,368,163		—		—		1,296,368,163
Consumer Staples		1,174,842,502		—		—		1,174,842,502
Energy		2,235,724,772		—		—		2,235,724,772
Financials		4,589,995,129		—		—		4,589,995,129
Health Care		4,272,256,436		—		—		4,272,256,436
Industrials		2,282,047,775		—		—		2,282,047,775
Information Technology		2,506,594,198		—		—		2,506,594,198
Materials		1,176,061,820		—		—		1,176,061,820
Real Estate		64,825,691		—		—		64,825,691
Utilities		75,242,602		—		—		75,242,602
Temporary Cash Investments		310,708,876		—		—		310,708,876
Securities Lending Collateral		—	$	255,486,398		—		255,486,398
Futures Contracts**		44,137,730		—		—		44,137,730

TOTAL	$	22,889,017,851	$	255,486,398		—	$	23,144,504,249

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

See accompanying Notes to Financial Statements.

THE DFA INTERNATIONAL VALUE SERIES

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


		Shares		Value»
COMMON STOCKS — (92.8%)
AUSTRALIA — (5.6%)
*	AMP, Ltd.		8,236,100	$	7,599,106
	Aurizon Holdings, Ltd.		1,818,522		5,524,400
	Australia & New Zealand Banking Group, Ltd.		9,179,102		99,707,630
	Bank of Queensland, Ltd.		1,008,659		3,401,030
	Beach Energy, Ltd.		382,246		372,594
#	Bendigo & Adelaide Bank, Ltd.		1,965,989		8,318,383
	BlueScope Steel, Ltd.		3,397,511		22,175,084
	Boral, Ltd.		4,276,326		8,310,970
	Challenger, Ltd.		39,058		124,393
	Cleanaway Waste Management, Ltd.		214,238		258,483
	Crown Resorts, Ltd.		143,373		917,816
	Downer EDI, Ltd.		1,857,634		4,997,253
	Fortescue Metals Group, Ltd.		5,980,308		45,702,993
#	Harvey Norman Holdings, Ltd.		2,695,782		4,836,819
	Incitec Pivot, Ltd.		6,038,965		9,339,923
	LendLease Group		1,329,871		10,593,534
	LendLease Group		231,612		1,865,494
	National Australia Bank, Ltd.		4,868,906		53,350,936
	National Australia Bank, Ltd.		349,070		3,857,916
	Newcrest Mining, Ltd.		870,556		15,623,383
#	Oil Search, Ltd.		3,372,770		6,619,112
	Origin Energy, Ltd.		4,869,242		17,513,182
	QBE Insurance Group, Ltd.		3,137,342		16,988,249
	Qube Holdings, Ltd.		73,879		106,397
	Santos, Ltd.		7,088,455		22,539,846
#	Seven Group Holdings, Ltd.		21,126		207,742
#	South32, Ltd.		22,470,781		28,260,437
	Star Entertainment Grp, Ltd. (The)		1,971,120		3,864,311
	Suncorp Group, Ltd.		3,397,664		20,198,626
	Tabcorp Holdings, Ltd.		4,801,883		10,011,316
	Westpac Banking Corp.		7,945,749		82,668,708
	Woodside Petroleum, Ltd.		2,650,544		37,953,766
	Worley, Ltd.		648,053		3,756,273

TOTAL AUSTRALIA					557,566,105

AUSTRIA — (0.1%)
	Raiffeisen Bank International AG		352,752		6,088,524

BELGIUM — (0.9%)
	Ageas		469,049		16,906,460
	KBC Group NV		565,642		30,680,943
#	Solvay SA		314,975		24,601,963
	UCB SA		139,742		12,805,805

TOTAL BELGIUM					84,995,171

CANADA — (7.7%)
	AltaGas, Ltd.		455,083		5,440,268
	Bank of Montreal 063671101		1,441,562		73,375,506
	Bank of Montreal 2076009		341,324		17,353,712
	Bank of Nova Scotia (The)		252,970		10,140,972
	Bank of Nova Scotia (The)		1,368,157		54,917,822
	Barrick Gold Corp.		895,694		23,055,940
	Barrick Gold Corp.		605,141		15,564,227
	Cameco Corp.		463,271		4,606,251

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED


		Shares		Value»
CANADA — (Continued)
	Cameco Corp.		571,821	$	5,695,337
	Canadian Imperial Bank of Commerce		842,641		49,930,694
	Canadian Imperial Bank of Commerce		248,491		14,762,850
	Canadian Natural Resources, Ltd.		511,528		8,566,197
#	Canadian Natural Resources, Ltd.		3,262,390		54,677,656
#	Canadian Tire Corp., Ltd., Class A		2,200		154,369
# *	Canopy Growth Corp.		87,900		1,406,400
#	Cenovus Energy, Inc.		2,110,053		7,680,593
	Empire Co., Ltd., Class A		16,113		355,726
	Fairfax Financial Holdings, Ltd.		97,836		26,527,722
	First Quantum Minerals, Ltd.		1,844,735		11,264,949
#	Genworth MI Canada, Inc.		153,865		3,793,704
	Great-West Lifeco, Inc.		376,457		6,198,782
	Husky Energy, Inc.		1,715,497		5,509,014
	iA Financial Corp., Inc.		573,199		18,609,047
#	Imperial Oil, Ltd.		208,007		3,360,809
#	Imperial Oil, Ltd.		499,213		8,082,259
*	Kinross Gold Corp.		6,772,750		44,715,380
	Lundin Mining Corp.		3,127,964		15,325,776
	Magna International, Inc.		12,386		482,644
	Magna International, Inc.		1,443,051		56,322,281
	Manulife Financial Corp.		1,802,195		22,696,561
#	Manulife Financial Corp.		1,671,414		21,059,816
	Nutrien, Ltd.		3,682		131,493
	Nutrien, Ltd.		896,746		32,022,793
	Onex Corp.		14,437		665,453
	Pembina Pipeline Corp.		122,964		2,820,794
#	SNC-Lavalin Group, Inc.		60,179		1,109,806
# *	Stars Group, Inc. (The)		275,049		7,690,370
	Sun Life Financial, Inc.		168,736		5,783,537
#	Sun Life Financial, Inc.		334,277		11,482,415
	Suncor Energy, Inc.		3,183,710		56,769,061
	Suncor Energy, Inc.		1,502,973		26,828,068
	Teck Resources, Ltd., Class B		1,355,792		11,951,268
#	Teck Resources, Ltd., Class B		1,867,648		16,453,979
	TMX Group, Ltd.		48,388		4,192,039
	Tourmaline Oil Corp.		111,210		1,102,553
	Yamana Gold, Inc.		494,124		2,312,500

TOTAL CANADA					772,949,393

DENMARK — (2.1%)
	AP Moller - Maersk A.S., Class A		5,649		5,234,341
#	AP Moller - Maersk A.S., Class B		5,241		5,216,120
	Carlsberg A.S., Class B		288,439		36,387,431
*	Danske Bank A.S.		953,350		11,319,191
# *	Demant A.S.		187,775		4,489,289
	DSV Panalpina A.S.		281,831		29,282,294
*	Genmab A.S.		54,772		13,166,342
	GN Store Nord A.S.		103,697		4,732,353
#	H Lundbeck A.S.		236,230		8,619,022
*	ISS A.S.		215,025		3,196,844
#	Novozymes A.S., Class B		204,244		10,019,517
	Rockwool International A.S., Class B		22,552		4,739,511
	Tryg A.S.		210,349		5,609,968
#	Vestas Wind Systems A.S.		774,838		66,537,760

TOTAL DENMARK					208,549,983

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED


		Shares		Value»
FINLAND — (0.9%)
#	Fortum Oyj		720,447	$	11,937,912
#	Nokia Oyj		118,722		427,985
	Nordea Bank Abp		3,874,650		24,851,758
	Stora Enso Oyj, Class R		1,165,514		13,711,753
#	UPM-Kymmene Oyj		1,263,589		34,654,136

TOTAL FINLAND					85,583,544

FRANCE — (8.8%)
	Amundi SA		15,838		1,051,233
	Arkema SA		237,138		19,737,700
#	Atos SE		181,767		12,998,910
	AXA SA		2,595,269		46,134,780
	BNP Paribas SA		1,990,380		62,530,419
	Bollore SA		1,707,770		4,525,968
*	Bollore SA		9,929		26,487
	Bouygues SA		1,023,747		31,498,818
	Capgemini SE		108,211		10,172,998
	Carrefour SA		2,495,917		37,067,417
#	Casino Guichard Perrachon SA		71,021		2,665,907
	Cie de Saint-Gobain		2,069,157		55,055,938
	Cie Generale des Etablissements Michelin SCA		664,554		64,209,891
*	CNP Assurances		573,388		5,915,478
	Credit Agricole SA		1,053,519		8,473,935
	Eiffage SA		86,999		7,109,713
	Electricite de France SA		1,705,570		13,577,917
	Engie SA		2,838,450		30,795,935
#	EssilorLuxottica SA		15,503		1,925,851
	Iliad SA		3,398		506,033
	Natixis SA		3,147,635		7,430,850
	Orange SA		5,978,647		72,634,782
	Peugeot SA		3,133,702		44,422,223
	Publicis Groupe SA		289,482		8,545,206
	Renault SA		895,233		17,640,267
#	Sanofi		12,712		1,241,628
	SCOR SE		326,474		9,198,302
	SES SA		107,379		715,358
	Societe Generale SA		1,959,974		30,750,082
	Total SA		6,874,996		244,009,922
	Valeo SA		751,932		17,236,447
#	Vivendi SA		174,420		3,769,766

TOTAL FRANCE					873,576,161

GERMANY — (6.8%)
	Allianz SE		350,466		64,496,698
	BASF SE		1,039,248		53,185,040
	Bayer AG		1,817,305		119,522,979
	Bayerische Motoren Werke AG		1,225,665		72,099,959
	Commerzbank AG		3,217,448		11,862,515
	Continental AG		299,004		24,985,212
	Covestro AG		355,938		11,956,353
#	Daimler AG		3,530,733		120,761,609
#	Deutsche Bank AG		1,938,873		14,359,727
	Deutsche Bank AG		1,679,248		12,443,228
# *	Deutsche Lufthansa AG		1,747,757		15,647,109
	Evonik Industries AG		444,408		10,932,626
#	Fraport AG Frankfurt Airport Services Worldwide		86,486		3,788,385
	Hapag-Lloyd AG		25,653		3,675,009
	HeidelbergCement AG		595,679		28,241,811

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED


		Shares		Value»
GERMANY — (Continued)
	METRO AG		335,254	$	2,929,210
	Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		119,698		26,216,766
	RWE AG		669,183		19,250,847
*	Talanx AG		200,405		7,116,951
	Telefonica Deutschland Holding AG		3,595,005		10,226,929
	Uniper SE		842,588		22,667,651
	Volkswagen AG		125,075		18,491,559

TOTAL GERMANY					674,858,173

HONG KONG — (3.2%)
	Bank of East Asia, Ltd. (The)		127,125		269,302
#	BOC Aviation, Ltd.		647,400		4,426,837
	BOC Hong Kong Holdings, Ltd.		2,994,000		9,188,983
#	Cathay Pacific Airways, Ltd.		5,830,000		6,933,973
	CK Asset Holdings, Ltd.		4,222,000		26,677,722
	CK Hutchison Holdings, Ltd.		7,657,984		56,762,284
#	CK Infrastructure Holdings, Ltd.		279,000		1,657,263
	Guoco Group, Ltd.		9,000		126,959
	Hang Lung Group, Ltd.		1,527,000		3,487,768
	Hang Lung Properties, Ltd.		5,009,000		10,715,287
#	Henderson Land Development Co., Ltd.		2,256,485		9,196,548
	Kerry Properties, Ltd.		3,101,000		8,564,875
	MTR Corp., Ltd.		2,070,933		11,473,643
	New World Development Co., Ltd.		20,898,168		24,690,003
#	NWS Holdings, Ltd.		3,760,400		3,918,966
	Shangri-La Asia, Ltd.		1,738,000		1,435,192
	Sino Land Co., Ltd.		8,949,867		12,507,709
	SJM Holdings, Ltd.		5,394,000		5,325,724
#	Sun Hung Kai Properties, Ltd.		4,291,920		58,686,958
	Swire Pacific, Ltd., Class A		2,580,500		16,781,435
	Swire Pacific, Ltd., Class B		3,447,500		3,768,881
	WH Group, Ltd.		15,717,500		14,990,602
#	Wharf Holdings, Ltd. (The)		3,690,990		6,991,783
	Wheelock & Co., Ltd.		2,720,000		19,934,830
	Xinyi Glass Holdings, Ltd.		1,106,000		1,280,921
	Yue Yuen Industrial Holdings, Ltd.		1,057,000		1,686,082

TOTAL HONG KONG					321,480,530

IRELAND — (0.3%)
*	AIB Group P.L.C.		703,210		973,115
	Bank of Ireland Group P.L.C.		712,510		1,462,140
	CRH P.L.C.		293,793		8,913,265
	CRH P.L.C., Sponsored ADR		330,440		9,952,853
*	Flutter Entertainment P.L.C.		94,565		11,638,389

TOTAL IRELAND					32,939,762

ISRAEL — (0.5%)
	Bank Hapoalim BM		2,730,189		17,499,292
	Bank Leumi Le-Israel BM		1,309,225		7,054,233
	First International Bank Of Israel, Ltd.		75,806		1,869,936
	Isracard, Ltd.		134,978		353,888
	Israel Discount Bank, Ltd., Class A		2,621,812		8,505,975
# *	Teva Pharmaceutical Industries, Ltd., Sponsored ADR		900,125		9,667,343
*	Teva Pharmaceutical Industries, Ltd.		27,913		301,932

TOTAL ISRAEL					45,252,599

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED


		Shares		Value»
ITALY — (1.7%)
#	Eni SpA		3,780,702	$	36,016,194
	Fiat Chrysler Automobiles NV		2,776,827		24,086,021
#	Fiat Chrysler Automobiles NV		1,793,632		15,443,172
	Intesa Sanpaolo SpA		20,701,252		32,325,077
	Mediobanca Banca di Credito Finanziario SpA		359,455		2,089,694
*	Telecom Italia SpA		63,812,045		25,340,305
	Telecom Italia SpA		5,233,685		2,087,345
# *	Telecom Italia SpA, Sponsored ADR		1,847,002		7,235,630
*	UniCredit SpA		3,293,998		25,438,783

TOTAL ITALY					170,062,221

JAPAN — (22.2%)
	AEON Financial Service Co., Ltd.		15,000		155,989
	AGC, Inc.		895,500		22,083,169
	Air Water, Inc.		14,300		192,788
	Aisin Seiki Co., Ltd.		557,700		16,061,435
	Alfresa Holdings Corp.		151,400		3,019,121
	Alps Alpine Co., Ltd.		241,100		2,486,783
	Amada Co., Ltd.		907,100		8,199,312
	Aozora Bank, Ltd.		253,300		4,507,757
	Asahi Kasei Corp.		1,442,000		10,230,229
#	Bank of Kyoto, Ltd. (The)		113,679		3,891,045
	Bridgestone Corp.		69,700		2,169,573
	Brother Industries, Ltd.		200,600		3,399,868
	Canon Marketing Japan, Inc.		153,000		2,944,747
	Chiba Bank, Ltd. (The)		1,064,000		4,936,977
#	Chugoku Bank, Ltd. (The)		256,900		2,365,540
	Coca-Cola Bottlers Japan Holdings, Inc.		385,057		6,894,732
	Concordia Financial Group, Ltd.		2,530,100		7,752,163
#	Credit Saison Co., Ltd.		393,600		4,470,172
	Dai Nippon Printing Co., Ltd.		521,600		10,997,472
	Daicel Corp.		1,087,400		8,826,889
	Daido Steel Co., Ltd.		74,500		2,460,404
	Dai-ichi Life Holdings, Inc.		1,566,347		19,629,807
#	Daio Paper Corp.		39,000		532,150
	Daiwa Securities Group, Inc.		4,492,800		18,682,999
	DeNA Co., Ltd.		163,100		2,007,775
#	Denka Co., Ltd.		234,800		5,672,713
	Denso Corp.		882,000		31,003,839
	Dentsu Group, Inc.		471,400		9,844,650
	DIC Corp.		361,500		8,394,931
	Dowa Holdings Co., Ltd.		189,000		5,227,374
	Ebara Corp.		278,900		6,148,763
	Fuji Media Holdings, Inc.		52,200		518,530
	FUJIFILM Holdings Corp.		65,700		3,129,458
	Fukuoka Financial Group, Inc.		386,600		5,523,179
	Fukuyama Transporting Co., Ltd.		50,893		1,763,688
	Furukawa Electric Co., Ltd.		68,900		1,296,878
	Fuyo General Lease Co., Ltd.		5,300		264,996
	Glory, Ltd.		185,800		4,175,708
	Hachijuni Bank, Ltd. (The)		622,531		2,222,966
	Hankyu Hanshin Holdings, Inc.		703,300		24,061,889
	Haseko Corp.		441,400		4,792,104
#	Heiwa Corp.		173,900		2,928,133
	Hino Motors, Ltd.		139,600		830,442
	Hitachi Capital Corp.		199,000		3,848,772
	Hitachi Construction Machinery Co., Ltd.		9,200		215,852
	Hitachi Metals, Ltd.		750,100		7,227,762
	Hitachi, Ltd.		1,579,000		46,863,810

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED


		Shares		Value»
JAPAN — (Continued)
	Honda Motor Co., Ltd., Sponsored ADR		26,040	$	626,262
	Honda Motor Co., Ltd.		4,590,300		111,471,566
	Ibiden Co., Ltd.		355,100		9,076,360
	Idemitsu Kosan Co., Ltd.		642,938		14,609,487
	IHI Corp.		236,700		2,933,812
	Iida Group Holdings Co., Ltd.		674,550		8,959,693
	Inpex Corp.		2,842,483		18,348,490
#	Isetan Mitsukoshi Holdings, Ltd.		647,400		3,938,416
	Isuzu Motors, Ltd.		1,095,600		8,326,066
#	ITOCHU Corp.		1,299,900		25,484,679
	Itoham Yonekyu Holdings, Inc.		196,800		1,141,742
#	Iyo Bank, Ltd. (The)		492,300		2,637,367
	J Front Retailing Co., Ltd.		1,025,800		8,368,518
	Japan Post Holdings Co., Ltd.		1,165,810		9,325,182
	JFE Holdings, Inc.		2,116,695		14,046,459
	JGC Holdings Corp.		257,700		2,488,554
	JSR Corp.		603,800		11,358,104
	JTEKT Corp.		980,500		7,182,689
	JXTG Holdings, Inc.		9,040,403		32,051,490
	Kajima Corp.		660,500		6,863,101
	Kamigumi Co., Ltd.		342,200		6,024,585
	Kandenko Co., Ltd.		402,500		3,368,139
	Kaneka Corp.		250,708		6,484,642
#	Kawasaki Heavy Industries, Ltd.		677,300		10,234,045
	Kinden Corp.		222,800		3,585,095
	Kobe Steel, Ltd.		632,200		2,114,454
	Kokuyo Co., Ltd.		160,600		1,963,460
	Komatsu, Ltd.		567,600		10,739,513
	Konica Minolta, Inc.		2,140,500		8,282,918
	K’s Holdings Corp.		403,300		4,393,779
	Kuraray Co., Ltd.		1,529,300		15,298,437
	Kurita Water Industries, Ltd.		7,500		209,242
	Kyocera Corp.		179,600		9,596,100
#	Kyushu Financial Group, Inc.		668,749		2,821,224
	LIXIL Group Corp.		961,800		11,537,482
	Mabuchi Motor Co., Ltd.		81,200		2,514,366
	Maeda Corp.		39,500		316,842
	Maeda Road Construction Co., Ltd.		4,100		75,906
	Marubeni Corp.		2,948,900		14,201,428
	Maruichi Steel Tube, Ltd.		15,500		348,516
	Mazda Motor Corp.		3,004,500		16,985,485
	Mebuki Financial Group, Inc.		1,258,420		2,643,513
	Medipal Holdings Corp.		310,850		5,996,652
	Mitsubishi Chemical Holdings Corp.		3,181,900		18,084,631
	Mitsubishi Corp.		1,981,900		42,032,109
	Mitsubishi Gas Chemical Co., Inc.		727,100		8,907,584
	Mitsubishi Heavy Industries, Ltd.		605,800		15,534,909
#	Mitsubishi Logistics Corp.		89,600		1,978,294
	Mitsubishi Materials Corp.		518,200		10,613,955
#	Mitsubishi Motors Corp.		2,460,900		6,973,905
#	Mitsubishi UFJ Financial Group, Inc., Sponsored ADR		4,198,482		16,751,943
	Mitsubishi UFJ Financial Group, Inc.		11,934,650		48,215,983
	Mitsubishi UFJ Lease & Finance Co., Ltd.		1,638,400		7,823,421
	Mitsui & Co., Ltd., Sponsored ADR		11,723		3,267,200
	Mitsui & Co., Ltd.		1,157,000		16,149,802
	Mitsui Chemicals, Inc.		823,660		16,170,946
	Mitsui Fudosan Co., Ltd.		836,700		15,384,356
	Mitsui OSK Lines, Ltd.		546,400		9,477,128
	Mizuho Financial Group, Inc.		28,808,800		33,545,522

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED


		Shares		Value»
JAPAN — (Continued)
#	Mizuho Financial Group, Inc., ADR		64,489	$	150,904
	MS&AD Insurance Group Holdings, Inc.		666,953		19,214,971
	Nagase & Co., Ltd.		251,300		3,022,797
	NEC Corp.		404,210		15,511,474
	NGK Insulators, Ltd.		130,100		1,702,075
	NGK Spark Plug Co., Ltd.		270,400		4,048,483
	NH Foods, Ltd.		359,167		12,748,990
	NHK Spring Co., Ltd.		883,400		5,845,268
#	Nikon Corp.		902,000		8,390,235
	Nippo Corp.		285,900		6,429,480
	Nippon Express Co., Ltd.		316,124		15,440,152
	Nippon Kayaku Co., Ltd.		162,000		1,567,183
	Nippon Paper Industries Co., Ltd.		475,600		6,791,747
	Nippon Shokubai Co., Ltd.		115,900		5,473,526
	Nippon Steel Corp.		2,166,993		18,232,277
	Nippon Yusen K.K.		771,300		10,153,019
	Nipro Corp.		136,100		1,522,229
	Nissan Motor Co., Ltd.		6,443,700		21,933,001
	Nitto Denko Corp.		19,300		964,101
	NOK Corp.		378,520		4,408,193
	Nomura Holdings, Inc.		4,281,202		17,765,340
	Nomura Real Estate Holdings, Inc.		521,500		8,479,718
	NSK, Ltd.		1,295,100		8,964,220
	Obayashi Corp.		2,342,282		20,472,940
	Oji Holdings Corp.		3,568,100		18,116,999
	ORIX Corp.		3,324,900		39,125,726
	Panasonic Corp.		1,190,100		9,072,115
	Rengo Co., Ltd.		899,500		7,007,709
	Resona Holdings, Inc.		2,696,600		8,421,577
	Ricoh Co., Ltd.		2,366,400		16,130,538
	Rohm Co., Ltd.		184,800		11,683,759
	Sankyo Co., Ltd.		30,900		848,406
	Sawai Pharmaceutical Co., Ltd.		7,500		409,532
#	SBI Holdings, Inc.		18,500		345,531
	Sega Sammy Holdings, Inc.		52,200		632,290
	Seibu Holdings, Inc.		73,200		878,192
	Seiko Epson Corp.		524,700		5,958,269
	Seino Holdings Co., Ltd.		481,500		5,732,299
	Sekisui House, Ltd.		1,179,800		20,239,126
	Shimamura Co., Ltd.		72,700		4,583,472
	Shimizu Corp.		907,700		6,971,191
*	Shinsei Bank, Ltd.		313,400		3,780,520
	Shizuoka Bank, Ltd. (The)		851,000		5,166,609
#	Showa Denko K.K.		234,100		5,123,965
	SoftBank Group Corp.		1,267,900		54,345,491
	Sojitz Corp.		3,971,000		9,190,234
	Sompo Holdings, Inc.		407,656		13,222,529
	Stanley Electric Co., Ltd.		15,700		357,714
	Subaru Corp.		121,600		2,433,763
	Sumitomo Chemical Co., Ltd.		8,266,400		25,354,710
	Sumitomo Corp.		1,719,300		19,449,055
	Sumitomo Electric Industries, Ltd.		3,161,100		32,522,798
	Sumitomo Forestry Co., Ltd.		598,600		7,395,168
	Sumitomo Heavy Industries, Ltd.		524,600		11,055,508
	Sumitomo Metal Mining Co., Ltd.		682,864		17,019,042
	Sumitomo Mitsui Financial Group, Inc.		2,857,600		75,146,958
	Sumitomo Mitsui Trust Holdings, Inc.		391,543		11,400,467
	Sumitomo Osaka Cement Co., Ltd.		1,300		42,303
	Sumitomo Realty & Development Co., Ltd.		112,300		3,007,679

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED


		Shares		Value»
JAPAN — (Continued)
	Sumitomo Rubber Industries, Ltd.		770,500	$	7,478,887
	Suzuken Co., Ltd.		71,300		2,747,790
	Suzuki Motor Corp.		120,200		3,836,213
	T&D Holdings, Inc.		1,767,000		15,273,526
	Taiheiyo Cement Corp.		528,721		10,379,247
	Taisei Corp.		84,600		2,637,159
	Taisho Pharmaceutical Holdings Co., Ltd.		22,600		1,411,964
#	Takashimaya Co., Ltd.		463,917		4,192,497
# *	Takeda Pharmaceutical Co, Ltd., Sponsored ADR		114,441		2,053,065
	Takeda Pharmaceutical Co., Ltd.		131,971		4,759,065
	TDK Corp.		75,700		6,525,911
	Teijin, Ltd.		855,090		13,636,748
	THK Co., Ltd.		197,800		4,728,373
#	Toda Corp.		717,800		4,169,762
	Toho Holdings Co., Ltd.		194,600		4,030,158
	Tokai Rika Co., Ltd.		7,300		92,999
	Tokio Marine Holdings, Inc.		133,719		6,273,521
	Tokyo Broadcasting System Holdings, Inc.		70,800		1,094,630
	Tokyo Tatemono Co., Ltd.		870,300		9,787,912
	Tokyu Fudosan Holdings Corp.		2,556,700		12,507,933
	Toppan Printing Co., Ltd.		656,900		9,758,322
	Toray Industries, Inc.		2,685,900		12,314,063
	Toshiba Corp.		13,600		337,250
	Tosoh Corp.		1,241,700		15,175,728
	Toyo Seikan Group Holdings, Ltd.		458,749		4,653,952
	Toyoda Gosei Co., Ltd.		311,200		5,796,176
	Toyota Industries Corp.		252,000		12,684,072
#	Toyota Motor Corp., Sponsored ADR		208,099		25,718,955
	Toyota Motor Corp.		3,715,890		229,741,821
	Toyota Tsusho Corp.		524,100		12,475,780
	TS Tech Co., Ltd.		145,000		3,931,637
	Tsumura & Co.		17,600		486,857
	TV Asahi Holdings Corp.		31,700		470,575
	Ube Industries, Ltd.		504,100		8,453,450
	Wacoal Holdings Corp.		69,200		1,395,685
	Yamada Denki Co., Ltd.		2,015,900		9,559,702
	Yamaguchi Financial Group, Inc.		155,148		836,139
	Yamaha Motor Co., Ltd.		698,000		8,980,313
	Yamato Kogyo Co., Ltd.		900		17,662
	Yamazaki Baking Co., Ltd.		21,100		373,133
	Yokohama Rubber Co., Ltd. (The)		563,500		7,167,106
	Zeon Corp.		404,300		3,542,552

TOTAL JAPAN					2,217,632,738

NETHERLANDS — (3.8%)
	ABN AMRO Bank NV		1,461,221		11,237,532
#	Aegon NV		4,539,272		11,741,483
#	Aegon NV		523,920		1,362,192
	Akzo Nobel NV		29,483		2,237,434
	ArcelorMittal SA		1,028,238		11,231,625
#	ArcelorMittal SA		726,121		7,972,810
#	Coca-Cola European Partners P.L.C.		28,526		1,139,261
#	ING Groep NV, Sponsored ADR		760,447		4,182,458
	ING Groep NV		6,111,967		34,244,038
	Koninklijke Ahold Delhaize NV		5,195,538		126,149,408
	Koninklijke DSM NV		645,359		79,096,395
	Koninklijke Philips NV		860,632		37,517,079
	Koninklijke Philips NV		33,914		1,489,164
#	Koninklijke Vopak NV		191,677		11,026,569

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED


		Shares		Value»
NETHERLANDS — (Continued)
	NN Group NV		816,372	$	23,615,645
	Randstad NV		272,591		10,970,571

TOTAL NETHERLANDS					375,213,664

NEW ZEALAND — (0.2%)
	Air New Zealand, Ltd.		1,409,371		1,150,785
	Auckland International Airport, Ltd.		2,324,809		8,585,024
	Chorus, Ltd.		89,973		392,646
	EBOS Group, Ltd.		197,874		2,672,479
	Fletcher Building, Ltd.		1,731,262		3,878,889
# *	Fonterra Co-operative Group, Ltd.		284,937		640,011
	Ryman Healthcare, Ltd.		120,157		876,528
	SKYCITY Entertainment Group, Ltd.		96,694		156,055

TOTAL NEW ZEALAND					18,352,417

NORWAY — (0.8%)
	DNB ASA		2,102,699		25,459,285
#	Equinor ASA		1,433,081		19,843,604
	Norsk Hydro ASA		5,166,320		13,106,221
	SpareBank 1 SR-Bank ASA		369,350		2,345,449
	Storebrand ASA		1,436,496		7,211,011
# *	Subsea 7 SA		885,085		4,858,356
	Yara International ASA		285,197		9,686,557

TOTAL NORWAY					82,510,483

PORTUGAL — (0.1%)
*	Banco Espirito Santo SA		2,631,973		0
	EDP Renovaveis SA		541,158		6,634,738

TOTAL PORTUGAL					6,634,738

SINGAPORE — (1.0%)
	CapitaLand, Ltd.		8,450,300		17,929,545
	City Developments, Ltd.		1,714,600		9,584,181
#	Frasers Property, Ltd.		492,700		428,055
	Golden Agri-Resources, Ltd.		730,800		80,364
	Hongkong Land Holdings, Ltd.		1,361,700		5,696,187
	Hutchison Port Holdings Trust		240,500		31,169
	Jardine Cycle & Carriage, Ltd.		17,200		244,548
#	Keppel Corp., Ltd.		6,501,200		27,446,267
	Olam International, Ltd.		464,700		491,995
	Oversea-Chinese Banking Corp., Ltd.		2,143,056		13,673,363
	Sembcorp Industries, Ltd.		527,300		604,078
#	Singapore Airlines, Ltd.		3,017,400		13,048,004
	United Industrial Corp., Ltd.		1,368,070		2,183,673
#	UOL Group, Ltd.		1,203,774		5,789,753
	Wilmar International, Ltd.		2,836,800		7,143,858

TOTAL SINGAPORE					104,375,040

SPAIN — (1.6%)
	Banco Bilbao Vizcaya Argentaria SA		9,752,876		31,879,986
	Banco Bilbao Vizcaya Argentaria SA, Sponsored ADR		584,669		1,870,941
	Banco de Sabadell SA		12,650,341		5,244,781
#	Banco Santander SA		49,743,328		111,145,839
	Bankia SA		1,086,305		1,105,466
	CaixaBank SA		683,271		1,229,290
	Naturgy Energy Group SA		7,109		125,598

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED


		Shares		Value»
SPAIN — (Continued)
	Repsol SA		1,091,516	$	9,907,502

TOTAL SPAIN					162,509,403

SWEDEN — (2.5%)
	BillerudKorsnas AB		504,958		6,366,010
#	Boliden AB		1,195,043		24,088,958
*	Dometic Group AB		29,774		198,990
	Getinge AB, Class B		567,120		10,870,157
#	Holmen AB, Class A		5,562		282,521
	Holmen AB, Class B		400,155		11,480,513
#	Husqvarna AB, Class B		132,968		800,107
	ICA Gruppen AB		165,222		7,229,353
#	Intrum AB		198,388		3,024,093
#	Millicom International Cellular SA		133,262		3,462,958
*	Pandox AB		92,987		985,300
	Peab AB, Class B		213,986		1,630,133
# *	Saab AB, Class B		77,854		1,775,858
	Skandinaviska Enskilda Banken AB, Class A		4,227,536		34,803,020
#	Skandinaviska Enskilda Banken AB, Class C		28,685		256,278
#	SKF AB, Class B		1,179,544		18,617,465
# *	SSAB AB, Class A		546,342		1,312,373
*	SSAB AB, Class B		1,359,160		3,141,301
# *	Svenska Cellulosa AB SCA, Class A		63,918		685,428
*	Svenska Cellulosa AB SCA, Class B		1,670,968		17,723,477
# *	Svenska Handelsbanken AB, Class A		1,957,160		17,863,660
# *	Svenska Handelsbanken AB, Class B		37,204		371,303
#	Swedbank AB, Class A		1,420,649		16,812,160
	Tele2 AB, Class B		140,411		1,810,545
#	Telia Co. AB		7,857,507		27,320,256
*	Trelleborg AB, Class B		662,912		8,441,465
	Volvo AB, Class A		105,545		1,349,214
	Volvo AB, Class B		2,416,322		30,964,109

TOTAL SWEDEN					253,667,005

SWITZERLAND — (9.9%)
#	ABB, Ltd.		3,432,303		65,152,902
	Adecco Group AG		683,506		29,910,703
*	Alcon, Inc.		63,250		3,340,254
*	Alcon, Inc.		507,291		26,773,268
	Baloise Holding AG		158,794		23,758,348
	Banque Cantonale Vaudoise		4,976		4,393,659
	Barry Callebaut AG		484		947,686
	Chocoladefabriken Lindt & Spruengli AG		6		503,738
#	Cie Financiere Richemont SA		1,165,784		66,138,927
	Clariant AG		157,372		2,909,139
	Credit Suisse Group AG		1,363,427		12,448,957
#	Credit Suisse Group AG, Sponsored ADR		1,052,790		9,517,222
	Helvetia Holding AG		777		70,828
	Julius Baer Group, Ltd.		716,015		28,121,601
	LafargeHolcim, Ltd.		804,630		33,418,665
	LafargeHolcim, Ltd.		375,078		15,684,805
	Lonza Group AG		216,456		94,518,883
	Novartis AG, Sponsored ADR		404,674		34,288,028
	Novartis AG		1,892,838		161,531,867
#	Swatch Group AG (The)		140,299		28,152,634
	Swatch Group AG (The)		193,338		7,516,479
	Swiss Life Holding AG		104,266		36,975,140
	Swiss Prime Site AG		120,516		11,473,906

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED


		Shares		Value»
SWITZERLAND — (Continued)
#	Swiss Re AG		324,348	$	23,569,167
	Swisscom AG		76,438		39,716,563
	UBS Group AG		6,275,625		67,196,220
# *	UBS Group AG		1,233,581		13,273,332
	Vifor Pharma AG		55,433		8,316,280
	Zurich Insurance Group AG		445,436		141,227,411

TOTAL SWITZERLAND					990,846,612

UNITED KINGDOM — (12.1%)
	3i Group P.L.C.		794,832		7,808,319
	Anglo American P.L.C.		2,969,516		52,812,987
	Antofagasta P.L.C.		246,621		2,525,379
	Aviva P.L.C.		16,319,347		49,351,778
#	Barclays P.L.C., Sponsored ADR		6,849,198		36,232,257
	Barclays P.L.C.		191,609		255,855
	Barratt Developments P.L.C.		3,763,582		24,536,131
#	BP P.L.C., Sponsored ADR		4,082,613		97,166,189
#	British American Tobacco P.L.C., Sponsored ADR		838,885		32,003,463
	British American Tobacco P.L.C.		3,024,009		116,558,048
	Carnival P.L.C.		102,449		1,411,770
	Carnival P.L.C., ADR		20,467		284,901
	Glencore P.L.C.		26,692,936		50,007,591
	GVC Holdings P.L.C.		69,102		655,903
	HSBC Holdings P.L.C.		13,949,143		71,697,993
#	HSBC Holdings P.L.C., Sponsored ADR		2,590,482		66,653,102
	Investec P.L.C.		1,312,079		2,692,852
#	J Sainsbury P.L.C.		8,162,535		20,314,860
	John Wood Group P.L.C.		489,484		1,239,415
	Kingfisher P.L.C.		7,975,671		15,822,068
	Lloyds Banking Group P.L.C.		181,694,609		73,515,093
#	Lloyds Banking Group P.L.C., ADR		1,844,768		2,896,286
	M&G P.L.C.		895,484		1,484,556
	Melrose Industries P.L.C.		4,733,470		5,916,375
#	Micro Focus International P.L.C., Sponsored ADR		89,287		529,475
	Micro Focus International P.L.C.		55,780		330,707
*	Ninety One P.L.C.		656,039		1,402,200
	Pearson P.L.C.		515,601		2,973,287
#	Pearson P.L.C., Sponsored ADR		1,119,256		6,558,840
	Phoenix Group Holdings P.L.C.		577,549		4,382,627
	Royal Bank of Scotland Group P.L.C.		5,175,515		7,220,420
#	Royal Bank of Scotland Group P.L.C., Sponsored ADR		1,051,278		2,975,117
	Royal Dutch Shell P.L.C., Class A		136,125		2,241,196
#	Royal Dutch Shell P.L.C., Sponsored ADR, Class A		3,293,873		109,126,000
	Royal Dutch Shell P.L.C., Sponsored ADR, Class B		3,809,546		121,791,186
	Royal Dutch Shell P.L.C., Class B		141,340		2,262,661
	Royal Mail P.L.C.		63,561		132,642
	Standard Chartered P.L.C.		4,078,355		20,839,103
	Standard Life Aberdeen P.L.C.		1,657,765		4,591,445
	Vodafone Group P.L.C.		58,351,986		82,315,615
#	Vodafone Group P.L.C., Sponsored ADR		4,011,201		56,718,386
	Wm Morrison Supermarkets P.L.C.		9,034,593		20,763,055
#	WPP P.L.C., Sponsored ADR		150,428		5,823,068
	WPP P.L.C.		2,296,513		17,818,919

TOTAL UNITED KINGDOM					1,204,639,120

UNITED STATES — (0.0%)
#	Ovintiv, Inc.		272,952		1,727,784

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED


		Shares		Value»
UNITED STATES — (Continued)
#	Ovintiv, Inc.		513,177	$	3,207,471

TOTAL UNITED STATES					4,935,255

TOTAL COMMON STOCKS					9,255,218,641

PREFERRED STOCKS — (1.2%)

GERMANY — (1.2%)
	Bayerische Motoren Werke AG		157,620		7,393,368
	Porsche Automobil Holding SE		322,304		16,274,324
	Volkswagen AG		701,336		97,577,684

TOTAL GERMANY					121,245,376

TOTAL INVESTMENT SECURITIES (Cost $12,176,939,773)					9,376,464,017


				Value†
SECURITIES LENDING COLLATERAL — (6.0%)
@ §	The DFA Short Term Investment Fund		51,443,536		595,253,156

TOTAL INVESTMENTS — (100.0%) (Cost $12,772,010,330)				$	9,971,717,173

ADR	American Depositary Receipt

P.L.C.

Public Limited Company

SA	Special Assessment

»	Securities that have generally been fair value factored. See Note B to Financial Statements.

*	Non-Income Producing Securities.

#	Total or Partial Securities on Loan.

†	See Note B to Financial Statements.

@	Security purchased with cash collateral received from Securities on Loan.

§	Affiliated Fund.

As of April 30, 2020, The DFA International Value Series had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
S&P 500^® Emini Index		843		06/19/20	$	110,079,331	$	122,336,160	$	12,256,829

Total Futures Contracts					$	110,079,331	$	122,336,160	$	12,256,829

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	17,488,877	$	540,077,228		—	$	557,566,105
Austria		—		6,088,524		—		6,088,524
Belgium		—		84,995,171		—		84,995,171
Canada		772,949,393		—		—		772,949,393
Denmark		—		208,549,983		—		208,549,983
Finland		—		85,583,544		—		85,583,544
France		—		873,576,161		—		873,576,161
Germany		12,443,228		662,414,945		—		674,858,173

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Hong Kong		—	$	321,480,530		—	$	321,480,530
Ireland	$	9,952,853		22,986,909		—		32,939,762
Israel		9,667,343		35,585,256		—		45,252,599
Italy		22,678,802		147,383,419		—		170,062,221
Japan		48,568,329		2,169,064,409		—		2,217,632,738
Netherlands		15,006,624		360,207,040		—		375,213,664
New Zealand		—		18,352,417		—		18,352,417
Norway		—		82,510,483		—		82,510,483
Portugal		—		6,634,738		—		6,634,738
Singapore		—		104,375,040		—		104,375,040
Spain		1,870,941		160,638,462		—		162,509,403
Sweden		—		253,667,005		—		253,667,005
Switzerland		60,418,836		930,427,776		—		990,846,612
United Kingdom		540,160,470		664,478,650		—		1,204,639,120
United States		4,935,255		—		—		4,935,255
Preferred Stocks
Germany		—		121,245,376		—		121,245,376
Securities Lending Collateral		—		595,253,156		—		595,253,156
Futures Contracts**		12,256,829		—		—		12,256,829

TOTAL	$	1,528,397,780	$	8,455,576,222		—	$	9,983,974,002

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

THE JAPANESE SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


		Shares		Value»
COMMON STOCKS — (97.5%)
COMMUNICATION SERVICES — (2.7%)
	Adways, Inc.		22,400	$	55,340
	Aeria, Inc.		15,800		86,895
#	Akatsuki, Inc.		30,200		1,132,368
# *	AlphaPolis Co., Ltd.		10,700		234,062
	Amuse, Inc.		7,400		153,846
	AOI TYO Holdings, Inc.		147,231		605,784
	Asahi Broadcasting Group Holdings Corp.		70,300		452,930
#	Asahi Net, Inc.		102,300		926,398
	Ateam, Inc.		77,600		508,845
# *	Atrae, Inc.		34,800		827,689
	Avex, Inc.		270,800		2,049,697
# *	Bengo4.com, Inc.		25,100		1,587,569
*	Broadmedia Corp.		55,200		40,819
	Ceres, Inc.		24,900		189,341
	Daiichikosho Co., Ltd.		29,900		897,425
	DeNA Co., Ltd.		20,000		246,202
	Dip Corp.		215,000		4,588,606
*	Drecom Co., Ltd.		13,400		66,970
# *	eBook Initiative Japan Co., Ltd.		14,200		297,578
	Extreme Co., Ltd.		17,300		215,798
#	Faith, Inc.		60,910		358,900
	FAN Communications, Inc.		328,900		1,381,988
*	Fibergate, Inc.		3,000		35,182
#	Freebit Co., Ltd.		55,300		381,384
#	Full Speed, Inc.		41,900		161,690
*	GA Technologies Co., Ltd.		800		20,714
	Gakken Holdings Co., Ltd.		152,400		2,507,698
	Gree, Inc.		874,000		3,435,959
	GungHo Online Entertainment, Inc.		117,100		1,815,938
	Gurunavi, Inc.		213,800		1,139,898
#	Imagica Group, Inc.		118,100		395,862
	Intage Holdings, Inc.		230,400		1,648,326
	Internet Initiative Japan, Inc.		194,900		6,661,992
	ITmedia, Inc.		30,000		271,748
# *	Itokuro, Inc.		54,600		715,388
	Kadokawa Corp.		370,816		5,331,396
#	Kamakura Shinsho, Ltd.		61,100		609,131
*	KLab, Inc.		141,900		960,317
	LIFULL Co., Ltd.		327,500		1,000,216
	Macromill, Inc.		261,900		1,662,149
	MarkLines Co., Ltd.		67,000		1,082,491
	Marvelous, Inc.		240,400		1,198,285
#	Members Co., Ltd.		45,500		602,271
#	Mixi, Inc.		245,000		4,227,268
# *	Mobile Factory, Inc.		10,500		96,069
	MTI, Ltd.		179,700		921,174
	Okinawa Cellular Telephone Co.		86,400		3,299,203
*	PR Times, Inc.		600		11,771
	Proto Corp.		181,400		1,620,355
# *	Shobunsha Holdings, Inc.		239,700		880,372
	SKY Perfect JSAT Holdings, Inc.		1,023,200		3,846,575
#	SoldOut, Inc.		6,300		127,617
*	Synchro Food Co., Ltd.		47,900		128,019
	Toei Animation Co., Ltd.		38,900		1,921,365

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
COMMUNICATION SERVICES — (Continued)
	Toei Co., Ltd.		11,400	$	1,415,899
	Tohokushinsha Film Corp.		90,500		484,677
#	Tokyu Recreation Co., Ltd.		19,600		804,041
	Tow Co., Ltd.		272,000		704,250
	TV Asahi Holdings Corp.		27,900		414,165
	Tv Tokyo Holdings Corp.		102,900		2,289,967
#	Usen-Next Holdings Co., Ltd.		52,500		682,159
#	ValueCommerce Co., Ltd.		113,500		2,325,722
#	V-Cube, Inc.		80,700		893,322
*	Vector, Inc.		206,200		1,349,523
*	Vision, Inc.		121,300		835,748
	Wowow, Inc.		44,800		1,061,165
*	Zappallas, Inc.		36,300		115,013
	Zenrin Co., Ltd.		261,450		2,755,982
#	ZIGExN Co., Ltd.		436,900		1,273,474

TOTAL COMMUNICATION SERVICES					83,027,980

CONSUMER DISCRETIONARY — (16.5%)
	Adastria Co., Ltd.		165,140		2,282,711
#	Adventure, Inc.		8,800		249,810
#	Aeon Fantasy Co., Ltd.		57,532		899,110
*	AGORA Hospitality Group Co., Ltd.		341,200		65,884
	Ahresty Corp.		158,000		543,172
	Aigan Co., Ltd.		60,800		119,368
	Ainavo Holdings Co., Ltd.		5,600		37,725
	Aisan Industry Co., Ltd.		254,300		1,348,490
# *	Akebono Brake Industry Co., Ltd.		225,300		411,888
#	Alleanza Holdings Co., Ltd.		88,400		689,988
	Alpen Co., Ltd.		116,700		1,789,531
#	Alpha Corp.		52,600		444,314
	Amiyaki Tei Co., Ltd.		31,500		825,856
	AOKI Holdings, Inc.		285,200		1,732,722
	Aoyama Trading Co., Ltd.		336,500		2,842,701
	Arata Corp.		97,000		4,006,130
	Arcland Sakamoto Co., Ltd.		205,400		1,958,634
	Arcland Service Holdings Co., Ltd.		77,100		1,196,297
	Asahi Co., Ltd.		102,000		1,225,296
	Asante, Inc.		49,700		671,003
#	Ashimori Industry Co., Ltd.		30,899		242,897
	ASKUL Corp.		69,100		1,972,884
# *	Asti Corp.		20,800		254,468
#	Atom Corp.		730,700		5,711,202
	Atsugi Co., Ltd.		119,400		685,949
*	Aucfan Co., Ltd.		3,100		21,321
# *	Aucnet, Inc.		28,200		284,854
	Autobacs Seven Co., Ltd.		548,500		6,405,101
#	Avantia Co., Ltd.		74,800		466,032
	Baroque Japan, Ltd.		91,600		491,562
*	Beaglee, Inc.		35,300		497,311
#	Beauty Garage, Inc.		18,600		259,853
	Beenos, Inc.		7,100		66,127
	Belluna Co., Ltd.		379,100		1,770,985
	Bic Camera, Inc.		317,700		2,941,186
#	Bookoff Group Holdings, Ltd.		68,800		502,062
#	BRONCO BILLY Co., Ltd.		72,900		1,392,335
#	Can Do Co., Ltd.		67,900		1,202,301
	Central Automotive Products, Ltd.		85,400		1,437,944
#	Central Sports Co., Ltd.		52,100		1,070,867
#	Chikaranomoto Holdings Co., Ltd.		35,400		203,791

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
	CHIMNEY Co., Ltd.		37,900	$	570,064
	Chiyoda Co., Ltd.		124,200		1,189,776
	Chofu Seisakusho Co., Ltd.		135,700		2,970,988
#	Choushimaru Co., Ltd.		7,600		79,220
	Chuo Spring Co., Ltd.		20,000		506,505
	Cleanup Corp.		147,500		708,438
#	Colowide Co., Ltd.		351,400		4,839,141
	Corona Corp.		105,500		935,715
#	Create Restaurants Holdings, Inc.		629,100		3,469,882
	Cross Plus, Inc.		9,800		42,498
*	Curves Holdings Co., Ltd.		253,600		1,214,652
	Daido Metal Co., Ltd.		305,400		1,524,643
#	Daidoh, Ltd.		105,400		194,340
	Daikoku Denki Co., Ltd.		60,900		658,997
	Daikyonishikawa Corp.		274,100		1,357,766
	Dainichi Co., Ltd.		68,900		430,369
	Daisyo Corp.		2,200		24,560
	DCM Holdings Co., Ltd.		713,300		6,969,748
	DD Holdings Co., Ltd.		58,200		426,209
*	Descente, Ltd.		182,100		2,424,616
	Doshisha Co., Ltd.		174,400		2,145,703
	Doutor Nichires Holdings Co., Ltd.		192,186		2,908,506
#	Dynic Corp.		42,200		293,149
	Eagle Industry Co., Ltd.		198,600		1,249,260
#	EAT&Co, Ltd.		33,000		525,786
#	EDION Corp.		552,600		4,803,344
#	Enigmo, Inc.		147,600		1,277,033
	ES-Con Japan, Ltd.		179,200		1,205,495
	ESCRIT, Inc.		47,100		172,029
	Eslead Corp.		57,200		717,795
#	ESTELLE Holdings Co., Ltd.		12,600		66,926
	Exedy Corp.		212,500		3,423,824
	FCC Co., Ltd.		270,100		3,843,031
	Felissimo Corp.		17,800		163,480
	Fields Corp.		119,200		364,236
	Fine Sinter Co., Ltd.		10,300		156,422
#	First Juken Co., Ltd.		42,500		373,749
	First-corp, Inc.		45,300		207,522
#	FJ Next Co., Ltd.		116,100		879,541
	Foster Electric Co., Ltd.		151,200		1,644,395
#	France Bed Holdings Co., Ltd.		153,900		1,257,581
#	F-Tech, Inc.		102,800		443,590
	Fuji Co., Ltd.		130,800		2,089,028
#	Fuji Corp.		38,000		626,716
	Fuji Corp., Ltd.		197,800		932,385
#	Fuji Kyuko Co., Ltd.		56,700		1,636,007
	Fujibo Holdings, Inc.		75,100		2,007,852
	Fujikura Composites, Inc.		141,700		479,403
#	Fujio Food System Co., Ltd.		100,600		1,231,114
	Fujishoji Co., Ltd.		55,100		335,709
#	Fujita Kanko, Inc.		44,200		712,509
	Fujitsu General, Ltd.		151,200		2,503,292
	FuKoKu Co., Ltd.		67,200		369,139
*	Funai Electric Co., Ltd.		135,600		560,904
#	Furukawa Battery Co., Ltd. (The)		101,100		519,176
	Furyu Corp.		100,400		770,944
	Futaba Industrial Co., Ltd.		432,000		2,053,610
#	Gakkyusha Co., Ltd.		50,900		519,217
	Genki Sushi Co., Ltd.		38,000		823,637

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
#	Geo Holdings Corp.		242,700	$	3,177,447
#	Gfoot Co., Ltd.		87,000		349,650
	GLOBERIDE, Inc.		62,099		1,107,427
#	Gokurakuyu Holdings Co., Ltd.		82,500		287,444
#	Golf Digest Online, Inc.		61,600		279,955
	Greens Co., Ltd.		32,000		124,630
	GSI Creos Corp.		31,592		303,998
	G-Tekt Corp.		147,400		1,507,710
	Gunze, Ltd.		121,300		4,111,825
	H2O Retailing Corp.		376,200		2,950,605
	Hagihara Industries, Inc.		87,700		1,081,316
#	Hakuyosha Co., Ltd.		12,900		319,865
#	Hamee Corp.		36,100		435,932
	Handsman Co., Ltd.		39,600		455,525
	Happinet Corp.		117,900		1,161,864
#	Harada Industry Co., Ltd.		28,400		219,822
	Hard Off Corp. Co., Ltd.		67,300		417,877
	Haruyama Holdings, Inc.		59,700		408,757
	Heian Ceremony Service Co., Ltd.		8,300		63,679
	Heiwa Corp.		12,200		205,424
	Hiday Hidaka Corp.		163,365		2,519,998
	HI-LEX Corp.		115,600		1,249,733
#	Himaraya Co., Ltd.		32,100		218,663
	Hinokiya Group Co., Ltd.		42,000		578,077
*	Hiramatsu, Inc.		75,200		100,872
#	HIS Co., Ltd.		171,400		2,256,850
	H-One Co., Ltd.		143,000		700,590
#	Honeys Holdings Co., Ltd.		158,440		1,607,849
	Hoosiers Holdings		337,100		1,900,761
#	Hotland Co., Ltd.		41,100		387,164
#	House Do Co., Ltd.		28,700		212,045
#	HUB Co., Ltd.		27,300		161,051
#	I K K, Inc.		56,900		326,188
#	IBJ, Inc.		86,800		552,530
	Ichibanya Co., Ltd.		103,458		4,297,378
	Ichikoh Industries, Ltd.		162,000		716,235
	IDOM, Inc.		399,100		1,597,618
	IJTT Co., Ltd.		170,180		699,616
	Imasen Electric Industrial		126,500		883,665
*	Istyle, Inc.		10,400		22,988
	Janome Sewing Machine Co., Ltd.		105,200		377,098
#	Japan Best Rescue System Co., Ltd.		114,400		808,831
	Japan Wool Textile Co., Ltd. (The)		369,000		3,233,865
#	JFLA Holdings, Inc.		106,300		325,471
	JINS Holdings, Inc.		98,700		5,206,272
#	Joban Kosan Co., Ltd.		46,199		558,100
	Joshin Denki Co., Ltd.		127,000		2,462,250
	Joyful Honda Co., Ltd.		15,000		182,632
	JP-Holdings, Inc.		351,000		878,889
	JVCKenwood Corp.		747,400		1,187,961
	Kappa Create Co., Ltd.		79,600		978,569
	Kasai Kogyo Co., Ltd.		182,100		846,301
	Kawai Musical Instruments Manufacturing Co., Ltd.		36,500		921,261
	Keihin Corp.		340,100		8,112,526
	Keiyo Co., Ltd.		261,000		1,393,777
	KFC Holdings Japan, Ltd.		69,400		1,672,097
	King Co., Ltd.		54,100		237,125
	Kintetsu Department Store Co., Ltd.		53,900		1,300,404
	Ki-Star Real Estate Co., Ltd.		50,600		504,924

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
*	KNT-CT Holdings Co., Ltd.		57,800	$	484,407
	Kohnan Shoji Co., Ltd.		152,700		3,544,117
	Kojima Co., Ltd.		189,400		688,923
#	Komatsu Matere Co., Ltd.		229,100		1,599,312
	KOMEDA Holdings Co., Ltd.		334,600		5,084,031
	Komehyo Co., Ltd.		53,500		416,099
	Komeri Co., Ltd.		233,000		4,525,661
#	Konaka Co., Ltd.		173,606		520,950
#	Koshidaka Holdings Co., Ltd.		188,000		816,149
#	Kourakuen Holdings Corp.		80,400		1,091,035
	KU Holdings Co., Ltd.		124,300		925,179
#	Kura Sushi, Inc.		66,900		2,592,837
	Kurabo Industries, Ltd.		125,400		2,870,900
	Kushikatsu Tanaka Holdings Co.		8,000		100,499
*	KYB Corp.		164,800		3,313,989
	Kyoritsu Maintenance Co., Ltd.		156,262		3,769,803
	Kyoto Kimono Yuzen Co., Ltd.		29,100		62,971
*	Laox Co., Ltd.		104,500		141,725
#	LEC, Inc.		182,800		2,017,440
*	Litalico, Inc.		42,200		884,412
	LIXIL VIVA Corp.		173,800		2,958,191
	Look Holdings, Inc.		24,200		177,327
	Mamiya-Op Co., Ltd.		32,700		210,853
	Mars Group Holdings Corp.		91,600		1,430,084
	Maruzen CHI Holdings Co., Ltd.		106,300		370,999
	Matsuya Co., Ltd.		17,700		101,856
	Matsuyafoods Holdings Co., Ltd.		68,500		2,459,786
	Media Do Holdings Co., Ltd.		32,700		1,253,396
#	Meiko Network Japan Co., Ltd.		155,100		1,126,901
	Meiwa Estate Co., Ltd.		90,400		366,538
	Mikuni Corp.		170,000		392,185
*	Mitsuba Corp.		219,790		923,685
	Mizuno Corp.		137,400		2,383,664
	Monogatari Corp. (The)		33,400		1,986,881
	Morito Co., Ltd.		105,900		653,665
#	MrMax Holdings, Ltd.		158,200		615,677
	Murakami Corp.		30,200		634,379
	Musashi Seimitsu Industry Co., Ltd.		360,100		2,915,555
	Nafco Co., Ltd.		50,300		549,123
	Nagase Brothers, Inc.		200		10,114
	Nagawa Co., Ltd.		45,500		3,158,894
	Nakayamafuku Co., Ltd.		74,400		324,287
#	New Art Holdings Co., Ltd.		8,934		45,594
#	Nextage Co., Ltd.		193,700		1,306,442
	NHK Spring Co., Ltd.		366,500		2,425,052
	Nichirin Co., Ltd.		62,260		715,814
	Nihon House Holdings Co., Ltd.		283,600		729,791
	Nihon Plast Co., Ltd.		120,500		485,865
	Nihon Tokushu Toryo Co., Ltd.		86,400		689,264
	Nikki Co., Ltd.		2,100		38,947
	Nippon Felt Co., Ltd.		84,000		357,442
	Nippon Piston Ring Co., Ltd.		46,000		502,105
	Nippon Seiki Co., Ltd.		355,100		3,821,025
	Nishikawa Rubber Co., Ltd.		32,400		331,737
	Nishimatsuya Chain Co., Ltd.		356,700		2,821,921
	Nissan Shatai Co., Ltd.		521,000		4,170,818
	Nissan Tokyo Sales Holdings Co., Ltd.		178,000		350,889
	Nissin Kogyo Co., Ltd.		316,900		6,575,092
	Nittan Valve Co., Ltd.		93,500		172,255

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
	Nojima Corp.		228,900	$	3,967,526
	Ohashi Technica, Inc.		73,600		980,082
	Ohsho Food Service Corp.		101,300		5,389,260
*	Oisix ra daichi, Inc.		63,300		999,470
	Onward Holdings Co., Ltd.		690,900		2,161,610
#	Ootoya Holdings Co., Ltd.		40,200		733,408
*	Open Door, Inc.		53,800		476,986
#	Ozu Corp.		19,000		331,289
	Pacific Industrial Co., Ltd.		356,000		3,016,778
	PAL GROUP Holdings Co., Ltd.		152,500		1,783,898
#	PAPYLESS Co., Ltd.		34,600		663,575
	Paris Miki Holdings, Inc.		175,600		434,897
	PC Depot Corp.		223,881		1,120,462
	People Co., Ltd.		19,600		148,833
#	Pepper Food Service Co., Ltd.		59,000		256,616
#	PIA Corp.		35,100		955,412
	Piolax, Inc.		215,700		3,211,256
	Plenus Co., Ltd.		72,900		1,194,029
	Press Kogyo Co., Ltd.		636,000		1,567,522
#	Pressance Corp.		281,800		2,884,025
	QB Net Holdings Co., Ltd.		5,000		84,524
# *	Raccoon Holdings, Inc.		90,200		539,259
	Regal Corp.		1,500		32,131
	Renaissance, Inc.		92,200		861,883
# *	Renown, Inc.		249,800		179,656
	Resorttrust, Inc.		439,700		4,508,141
	Rhythm Watch Co., Ltd.		53,800		318,556
#	Riberesute Corp.		49,800		369,705
#	Ride On Express Holdings Co., Ltd.		54,600		753,660
# *	Right On Co., Ltd.		113,425		497,414
	Riken Corp.		66,000		1,760,596
#	Ringer Hut Co., Ltd.		137,700		2,757,875
	Riso Kyoiku Co., Ltd.		626,300		1,487,970
#	Round One Corp.		503,400		4,122,100
#	Royal Holdings Co., Ltd.		179,100		2,950,183
*	Royal Hotel, Ltd. (The)		2,100		24,951
	Sac’s Bar Holdings, Inc.		138,350		709,795
	Saizeriya Co., Ltd.		209,200		4,146,964
	Sakai Ovex Co., Ltd.		32,199		613,418
	San Holdings, Inc.		62,200		739,873
*	Sanden Holdings Corp.		104,200		333,884
	Sanei Architecture Planning Co., Ltd.		68,500		760,006
	Sangetsu Corp.		318,650		4,742,488
	Sankyo Seiko Co., Ltd.		252,500		1,086,989
#	Sanoh Industrial Co., Ltd.		193,000		1,247,608
	Sanyei Corp.		4,300		107,733
	Sanyo Electric Railway Co., Ltd.		126,498		2,496,347
#	Sanyo Shokai, Ltd.		89,399		746,501
	Scroll Corp.		202,300		609,628
#	Seiko Holdings Corp.		201,682		3,348,626
	Seiren Co., Ltd.		367,000		4,345,270
	Senshukai Co., Ltd.		193,500		630,300
#	SFP Holdings Co., Ltd.		61,800		768,902
# *	Shidax Corp.		143,400		355,275
#	Shikibo, Ltd.		65,500		646,322
	Shimachu Co., Ltd.		259,400		6,478,228
	Shimojima Co., Ltd.		46,100		530,414
	Shoei Co., Ltd.		182,800		3,477,432
	Showa Corp.		399,000		8,384,143

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
*	Silver Life Co., Ltd.		2,000	$	37,802
	Snow Peak, Inc.		62,700		451,546
	SNT Corp.		237,700		553,714
	Soft99 Corp.		83,400		637,240
	Sotoh Co., Ltd.		47,400		411,579
	Space Value Holdings Co., Ltd.		239,300		754,910
	SPK Corp.		45,400		547,977
# *	SRS Holdings Co., Ltd.		132,600		1,038,319
	St Marc Holdings Co., Ltd.		119,200		1,990,329
	Starts Corp., Inc.		257,600		4,983,313
	Step Co., Ltd.		63,200		809,234
	Studio Alice Co., Ltd.		63,600		856,289
#	Suminoe Textile Co., Ltd.		34,700		573,845
	Sumitomo Riko Co., Ltd.		290,800		1,555,165
	Suncall Corp.		132,600		474,247
	Syuppin Co., Ltd.		124,400		836,794
	T RAD Co., Ltd.		48,200		604,467
	Tachikawa Corp.		69,800		709,435
	Tachi-S Co., Ltd.		225,040		1,968,862
	Taiho Kogyo Co., Ltd.		118,300		569,148
#	Takashimaya Co., Ltd.		425,300		3,843,509
	Take And Give Needs Co., Ltd.		65,910		418,517
	Takihyo Co., Ltd.		34,800		522,701
#	Tama Home Co., Ltd.		91,000		1,056,173
	Tamron Co., Ltd.		114,800		1,909,967
#	Tbk Co., Ltd.		163,200		721,163
#	Tear Corp.		60,900		285,915
#	Temairazu, Inc.		5,400		220,111
#	Tenpos Holdings Co., Ltd.		27,600		487,730
	T-Gaia Corp.		157,400		3,126,899
	Tigers Polymer Corp.		87,800		371,196
	Toa Corp.		183,900		1,221,456
	Toabo Corp.		45,799		204,101
	Tokai Rika Co., Ltd.		306,800		3,908,501
#	Token Corp.		50,150		3,443,132
*	Tokyo Base Co., Ltd.		109,300		292,969
#	Tokyo Dome Corp.		537,700		3,928,215
#	Tokyo Individualized Educational Institute, Inc.		78,300		392,500
#	Tokyo Radiator Manufacturing Co., Ltd.		24,300		118,583
	Tokyotokeiba Co., Ltd.		76,000		2,504,448
	Tomy Co., Ltd.		641,393		5,180,433
	Topre Corp.		253,700		2,934,749
#	Toridoll Holdings Corp.		331,800		3,788,376
	Torikizoku Co., Ltd.		27,900		399,644
	Tosho Co., Ltd.		122,000		1,101,410
#	Toyo Tire Corp.		426,100		4,989,315
	TPR Co., Ltd.		169,600		1,979,824
	Treasure Factory Co., Ltd.		10,300		64,974
	TS Tech Co., Ltd.		120,400		3,264,615
	TSI Holdings Co., Ltd.		459,295		1,778,172
	Tsukada Global Holdings, Inc.		95,600		317,384
	Tsukamoto Corp. Co., Ltd.		19,000		198,226
	Tsutsumi Jewelry Co., Ltd.		54,700		844,293
# *	Umenohana Co., Ltd.		22,200		269,951
	Unipres Corp.		298,800		2,620,318
	United Arrows, Ltd.		164,000		2,556,198
# *	Unitika, Ltd.		265,600		796,387
	Universal Entertainment Corp.		35,300		578,925
# *	VIA Holdings, Inc.		153,400		640,427

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
	Village Vanguard Co., Ltd.		35,500	$	294,237
# *	Visionary Holdings Co., Ltd.		50,109		149,845
	VT Holdings Co., Ltd.		607,500		1,669,643
	Wacoal Holdings Corp.		317,400		6,401,598
	Waseda Academy Co., Ltd.		30,400		275,427
#	WATAMI Co., Ltd.		165,400		1,584,025
	Watts Co., Ltd.		52,100		310,797
#	Weds Co., Ltd.		14,500		59,942
	World Co., Ltd.		13,100		153,689
	Xebio Holdings Co., Ltd.		194,800		1,610,703
	Yachiyo Industry Co., Ltd.		54,900		220,100
	Yagi & Co., Ltd.		18,600		252,788
	Yamato International, Inc.		100,500		315,280
#	Yasunaga Corp.		54,500		499,832
	Yellow Hat, Ltd.		258,200		3,587,484
	Yomiuri Land Co., Ltd.		31,500		1,011,063
#	Yondoshi Holdings, Inc.		121,420		1,967,973
	Yorozu Corp.		148,900		1,574,427
	Yoshinoya Holdings Co., Ltd.		293,700		6,069,491
	Yossix Co., Ltd.		22,600		382,443
	Yutaka Giken Co., Ltd.		8,700		112,722

TOTAL CONSUMER DISCRETIONARY					498,177,151

CONSUMER STAPLES — (7.9%)
	Aeon Hokkaido Corp.		230,800		1,647,320
	AFC-HD AMS Life Science Co., Ltd.		48,300		267,838
	Albis Co., Ltd.		38,700		753,014
	Arcs Co., Ltd.		292,900		5,495,676
	Artnature, Inc.		130,100		819,529
	Axial Retailing, Inc.		120,300		4,565,355
	Belc Co., Ltd.		78,700		4,592,797
#	Bourbon Corp.		50,700		842,291
	Bull-Dog Sauce Co., Ltd.		3,000		30,513
	Cawachi, Ltd.		55,400		1,310,004
#	C’BON COSMETICS Co., Ltd.		10,800		215,724
	Chubu Shiryo Co., Ltd.		169,300		2,595,254
	Chuo Gyorui Co., Ltd.		9,800		220,579
	cocokara fine, Inc.		147,860		6,973,253
	Como Co., Ltd.		2,600		59,827
#	Cota Co., Ltd.		92,642		1,057,156
#	Create SD Holdings Co., Ltd.		175,000		4,986,316
#	Daikokutenbussan Co., Ltd.		42,000		1,721,602
	Delica Foods Holdings Co., Ltd.		66,700		380,409
#	DyDo Group Holdings, Inc.		58,800		2,324,710
	Earth Corp.		32,100		1,861,934
	Ebara Foods Industry, Inc.		27,900		566,830
	Eco’s Co., Ltd.		49,200		879,813
#	Ensuiko Sugar Refining Co., Ltd.		86,200		164,566
	Feed One Co., Ltd.		852,640		1,329,188
*	First Baking Co., Ltd.		12,000		101,828
	Fujicco Co., Ltd.		139,400		2,505,740
	Fujiya Co., Ltd.		67,800		1,272,725
#	G-7 Holdings, Inc.		85,300		1,853,481
	Genky DrugStores Co., Ltd.		53,900		1,228,395
#	HABA Laboratories, Inc.		16,100		617,282
	Hagoromo Foods Corp.		19,500		509,321
	Halows Co., Ltd.		55,900		1,553,961
	Hayashikane Sangyo Co., Ltd.		29,400		154,689
	Heiwado Co., Ltd.		216,500		3,689,750

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
CONSUMER STAPLES — (Continued)
	Hokkaido Coca-Cola Bottling Co., Ltd.		18,699	$	635,096
	Hokuto Corp.		173,900		3,115,139
	Ichimasa Kamaboko Co., Ltd.		37,500		344,541
#	Imuraya Group Co., Ltd.		60,500		1,061,095
	Inageya Co., Ltd.		34,900		560,059
	Itochu-Shokuhin Co., Ltd.		36,700		1,614,912
#	Itoham Yonekyu Holdings, Inc.		329,400		1,911,025
	Iwatsuka Confectionery Co., Ltd.		7,700		231,773
	JM Holdings Co., Ltd.		71,100		1,739,558
	J-Oil Mills, Inc.		72,300		2,759,872
#	Kadoya Sesame Mills, Inc.		15,600		542,802
#	Kakiyasu Honten Co., Ltd.		56,900		1,211,511
	Kameda Seika Co., Ltd.		93,400		4,479,042
#	Kaneko Seeds Co., Ltd.		41,300		567,087
	Kanemi Co., Ltd.		2,000		53,269
	Kansai Super Market, Ltd.		89,900		946,006
	Kato Sangyo Co., Ltd.		183,400		6,220,941
	Kenko Mayonnaise Co., Ltd.		88,100		1,619,178
	Key Coffee, Inc.		11,700		242,527
#	Kirindo Holdings Co., Ltd.		45,900		903,049
#	Kitanotatsujin Corp.		258,100		1,226,082
	Kotobuki Spirits Co., Ltd.		61,900		2,417,737
	Kusuri no Aoki Holdings Co., Ltd.		1,400		110,130
	Kyokuyo Co., Ltd.		69,599		1,663,063
#	Lacto Japan Co., Ltd.		30,600		982,467
	Life Corp.		132,200		4,105,857
	Marudai Food Co., Ltd.		149,400		2,725,582
	Maruha Nichiro Corp.		197,607		4,135,342
	Maxvalu Tokai Co., Ltd.		45,200		936,841
#	Medical System Network Co., Ltd.		166,500		706,477
	Megmilk Snow Brand Co., Ltd.		245,200		5,594,618
	Meito Sangyo Co., Ltd.		67,200		800,678
	Milbon Co., Ltd.		154,752		6,792,295
	Ministop Co., Ltd.		100,600		1,388,007
	Mitsubishi Shokuhin Co., Ltd.		117,300		2,960,309
	Mitsui Sugar Co., Ltd.		122,470		2,443,439
	Miyoshi Oil & Fat Co., Ltd.		50,600		504,390
	Morinaga Milk Industry Co., Ltd.		247,900		9,608,114
	Morozoff, Ltd.		19,500		989,913
	Nagatanien Holdings Co., Ltd.		82,300		1,692,553
#	Nakamuraya Co., Ltd.		28,700		1,034,933
#	Natori Co., Ltd.		67,800		1,082,164
	Nichimo Co., Ltd.		17,000		271,193
	Nihon Chouzai Co., Ltd.		94,520		1,563,637
#	Niitaka Co., Ltd.		2,860		66,900
	Nippon Beet Sugar Manufacturing Co., Ltd.		71,600		1,119,337
	Nippon Flour Mills Co., Ltd.		408,500		6,430,683
#	Nippon Suisan Kaisha, Ltd.		1,703,900		7,581,437
	Nishimoto Co., Ltd.		12,100		203,291
	Nisshin Oillio Group, Ltd. (The)		192,700		6,337,118
#	Nissin Sugar Co., Ltd.		114,300		2,019,191
	Nitto Fuji Flour Milling Co., Ltd.		8,100		444,784
	Noevir Holdings Co., Ltd.		48,200		2,257,881
	Oenon Holdings, Inc.		390,300		1,411,173
#	OIE Sangyo Co., Ltd.		22,000		297,636
	Okuwa Co., Ltd.		173,800		2,364,223
#	Olympic Group Corp.		52,200		317,899
#	OUG Holdings, Inc.		19,800		486,718
	Pickles Corp.		23,800		496,558

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
CONSUMER STAPLES — (Continued)
	Prima Meat Packers, Ltd.		216,000	$	4,897,703
	Qol Holdings Co., Ltd.		165,300		1,827,546
	Retail Partners Co., Ltd.		107,600		1,262,684
	Riken Vitamin Co., Ltd.		159,000		3,056,924
#	Rock Field Co., Ltd.		113,700		1,376,623
	Rokko Butter Co., Ltd.		88,900		1,178,029
	S Foods, Inc.		116,762		2,465,584
#	S&B Foods, Inc.		42,798		1,582,088
#	Sagami Rubber Industries Co., Ltd.		62,300		954,114
	San-A Co., Ltd.		124,600		5,019,665
	Sapporo Holdings, Ltd.		314,800		5,992,595
	Sato Foods Co., Ltd.		800		28,673
	Satudora Holdings Co., Ltd.		1,300		25,903
	Shinobu Foods Products Co., Ltd.		1,600		9,471
#	Shoei Foods Corp.		75,600		2,755,122
#	Showa Sangyo Co., Ltd.		139,700		4,183,542
#	Soiken Holdings, Inc.		24,200		100,631
	ST Corp.		13,800		194,568
	Starzen Co., Ltd.		51,000		2,081,989
	Takara Holdings, Inc.		83,600		615,229
#	Toho Co., Ltd.		50,700		814,349
	Tohto Suisan Co., Ltd.		17,599		458,377
	Torigoe Co., Ltd. (The)		95,900		799,835
#	Toyo Sugar Refining Co., Ltd.		15,700		172,735
	Transaction Co., Ltd.		89,700		806,903
	United Super Markets Holdings, Inc.		409,100		4,019,993
	Valor Holdings Co., Ltd.		283,500		5,265,297
	Warabeya Nichiyo Holdings Co., Ltd.		84,860		1,234,601
#	Watahan & Co., Ltd.		48,700		787,256
	Yaizu Suisankagaku Industry Co., Ltd.		62,100		531,862
	YAKUODO Holdings Co., Ltd.		70,500		1,670,097
	Yamami Co.		1,200		20,661
#	YA-MAN, Ltd.		149,500		942,898
	Yamatane Corp.		67,600		758,974
	Yamaya Corp.		27,400		553,717
	Yamazawa Co., Ltd.		11,800		183,545
#	Yokohama Reito Co., Ltd.		350,800		2,961,245
	Yomeishu Seizo Co., Ltd.		52,300		919,996
#	Yuasa Funashoku Co., Ltd.		14,300		406,898
	Yutaka Foods Corp.		3,900		58,337

TOTAL CONSUMER STAPLES					240,454,061

ENERGY — (1.2%)
#	BP Castrol K.K.		48,700		509,562
	Cosmo Energy Holdings Co., Ltd.		344,800		5,179,912
	Fuji Kosan Co., Ltd.		33,100		125,593
	Fuji Oil Co., Ltd.		453,000		775,747
	Itochu Enex Co., Ltd.		377,700		2,804,343
	Iwatani Corp.		272,400		9,305,776
	Japan Oil Transportation Co., Ltd.		16,600		461,385
	Japan Petroleum Exploration Co., Ltd.		268,300		4,611,402
	Mitsuuroko Group Holdings Co., Ltd.		212,900		2,191,077
	Modec, Inc.		128,800		1,824,984
#	Nippon Coke & Engineering Co., Ltd.		825,200		426,344
	Sala Corp.		336,900		1,773,923
	San-Ai Oil Co., Ltd.		403,700		4,098,523
	Sinanen Holdings Co., Ltd.		56,900		1,457,137
	Toa Oil Co., Ltd.		51,000		836,415

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
ENERGY — (Continued)
	Toyo Kanetsu K.K.		61,900	$	1,096,277

TOTAL ENERGY					37,478,400

FINANCIALS — (8.5%)
	77 Bank, Ltd. (The)		442,352		5,898,615
#	Advance Create Co., Ltd.		36,900		708,480
	Aichi Bank, Ltd. (The)		68,800		2,011,299
*	Aiful Corp.		1,614,500		3,557,611
#	Aizawa Securities Co., Ltd.		260,700		1,676,140
	Akatsuki Corp.		118,100		273,710
	Akita Bank, Ltd. (The)		116,540		1,562,287
	Aomori Bank, Ltd. (The)		138,500		2,926,171
	Asax Co., Ltd.		9,300		53,053
	Awa Bank, Ltd. (The)		260,500		5,667,980
	Bank of Iwate, Ltd. (The)		117,200		2,741,305
#	Bank of Kochi, Ltd. (The)		54,300		362,935
#	Bank of Nagoya, Ltd. (The)		92,730		1,945,994
	Bank of Okinawa, Ltd. (The)		163,760		4,852,970
	Bank of Saga, Ltd. (The)		107,100		1,108,876
	Bank of the Ryukyus, Ltd.		237,880		2,220,601
#	Bank of Toyama, Ltd. (The)		14,500		295,478
	Casa, Inc.		3,200		32,501
	Chiba Kogyo Bank, Ltd. (The)		403,000		877,787
#	Chugoku Bank, Ltd. (The)		479,600		4,416,165
	Chukyo Bank, Ltd. (The)		79,500		1,553,266
	Daishi Hokuetsu Financial Group, Inc.		293,700		6,382,100
	Daito Bank, Ltd. (The)		67,600		360,469
*	Dream Incubator, Inc.		1,200		13,645
	DSB Co., Ltd.		61,300		367,366
#	eGuarantee, Inc.		215,600		3,787,532
	Ehime Bank, Ltd. (The)		241,700		2,451,540
#	Entrust, Inc.		28,900		166,992
	FIDEA Holdings Co., Ltd.		1,258,300		1,257,675
#	Financial Products Group Co., Ltd.		301,800		1,431,662
*	Fintech Global, Inc.		48,400		16,120
	First Bank of Toyama, Ltd. (The)		294,300		732,384
# *	First Brothers Co., Ltd.		31,900		191,623
	Fukui Bank, Ltd. (The)		167,100		2,448,188
#	Fukushima Bank, Ltd. (The)		195,500		297,282
	Fuyo General Lease Co., Ltd.		143,700		7,184,894
	GCA Corp.		118,000		710,772
#	GMO Financial Holdings, Inc.		252,300		1,271,801
	Gunma Bank, Ltd. (The)		1,748,540		5,598,222
	Hachijuni Bank, Ltd. (The)		496,200		1,771,856
# *	Hirose Tusyo, Inc.		20,800		343,890
#	Hiroshima Bank, Ltd. (The)		1,286,900		5,346,924
	Hokkoku Bank, Ltd. (The)		171,100		5,085,602
	Hokuhoku Financial Group, Inc.		920,400		7,478,464
	Hyakugo Bank, Ltd. (The)		1,619,109		4,696,444
	Hyakujushi Bank, Ltd. (The)		168,100		2,990,243
	Ichiyoshi Securities Co., Ltd.		296,600		1,241,852
	IwaiCosmo Holdings, Inc.		142,100		1,245,955
#	Iyo Bank, Ltd. (The)		820,118		4,393,565
#	J Trust Co., Ltd.		470,800		913,663
	Jaccs Co., Ltd.		165,100		2,740,864
	Jafco Co., Ltd.		239,900		7,684,945
*	Japan Asia Investment Co., Ltd.		93,300		181,003
#	Japan Investment Adviser Co., Ltd.		70,300		461,947
	Japan Securities Finance Co., Ltd.		782,100		3,680,831

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
FINANCIALS — (Continued)
	Jimoto Holdings, Inc.		1,028,500	$	920,077
	Juroku Bank, Ltd. (The)		223,000		3,917,512
	Kansai Mirai Financial Group, Inc.		249,767		839,751
	Keiyo Bank, Ltd. (The)		772,100		3,763,052
	Kita-Nippon Bank, Ltd. (The)		53,706		965,130
	Kiyo Bank, Ltd. (The)		475,390		7,024,690
	Kyokuto Securities Co., Ltd.		176,600		806,028
#	Kyushu Financial Group, Inc.		1,308,027		5,518,123
#	Kyushu Leasing Service Co., Ltd.		34,000		139,674
*	M&A Capital Partners Co., Ltd.		82,500		2,296,396
#	Marusan Securities Co., Ltd.		404,100		1,538,813
	Mercuria Investment Co., Ltd.		70,500		368,692
#	Michinoku Bank, Ltd. (The)		316,998		3,229,204
#	Mito Securities Co., Ltd.		417,900		744,740
	Miyazaki Bank, Ltd. (The)		120,200		2,591,331
	Mizuho Leasing Co., Ltd.		214,800		4,129,740
#	Monex Group, Inc.		1,209,600		2,370,450
#	Money Partners Group Co., Ltd.		149,100		289,404
	Morningstar Japan KK		11,800		38,974
	Musashino Bank, Ltd. (The)		230,600		2,904,356
#	Nagano Bank, Ltd. (The)		58,399		624,905
	Nanto Bank, Ltd. (The)		213,500		4,477,609
	NEC Capital Solutions, Ltd.		71,000		1,235,392
#	NFC Holdings, Inc.		4,200		71,113
	Nishi-Nippon Financial Holdings, Inc.		903,200		5,271,154
	North Pacific Bank, Ltd.		2,079,000		3,724,147
# *	OAK Capital Corp.		319,800		247,546
	Ogaki Kyoritsu Bank, Ltd. (The)		271,800		5,545,872
	Oita Bank, Ltd. (The)		94,099		1,874,511
	Okasan Securities Group, Inc.		1,286,700		3,891,049
#	Premium Group Co., Ltd.		2,000		32,655
	Ricoh Leasing Co., Ltd.		109,500		2,914,909
	San ju San Financial Group, Inc.		126,510		1,803,641
	San-In Godo Bank, Ltd. (The)		1,033,700		5,422,596
#	Sawada Holdings Co., Ltd.		152,200		1,271,488
	Senshu Ikeda Holdings, Inc.		1,798,400		2,807,431
	Shiga Bank, Ltd. (The)		331,300		7,803,181
	Shikoku Bank, Ltd. (The)		392,900		3,049,480
*	Shimane Bank, Ltd. (The)		29,800		134,533
	Shimizu Bank, Ltd. (The)		54,600		920,660
	Sparx Group Co., Ltd.		686,300		1,098,584
	Strike Co., Ltd.		47,700		1,928,922
#	Taiko Bank, Ltd. (The)		41,800		592,647
	Tochigi Bank, Ltd. (The)		759,500		1,095,720
	Toho Bank, Ltd. (The)		1,410,200		3,283,240
	Tohoku Bank, Ltd. (The)		70,400		575,603
	Tokai Tokyo Financial Holdings, Inc.		1,518,200		3,225,704
	Tokyo Kiraboshi Financial Group, Inc.		224,738		2,187,014
	Tomato Bank, Ltd.		54,500		527,934
	TOMONY Holdings, Inc.		974,950		3,266,186
	Tottori Bank, Ltd. (The)		67,800		707,028
	Towa Bank, Ltd. (The)		184,000		1,138,003
#	Toyo Securities Co., Ltd.		526,700		598,326
*	Traders Holdings Co., Ltd.		68,600		63,701
	Tsukuba Bank, Ltd.		402,600		640,399
	Yamagata Bank, Ltd. (The)		201,400		2,373,706
	Yamaguchi Financial Group, Inc.		1,055,072		5,686,098
	Yamanashi Chuo Bank, Ltd. (The)		245,500		1,828,344

TOTAL FINANCIALS					258,008,707

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
HEALTH CARE — (4.9%)
#	Advantage Risk Management Co., Ltd.		38,800	$	277,441
	As One Corp.		39,168		3,499,002
	ASKA Pharmaceutical Co., Ltd.		180,200		1,863,167
	Biofermin Pharmaceutical Co., Ltd.		28,700		611,027
	BML, Inc.		191,200		4,904,990
	Carenet, Inc.		25,600		198,658
#	Charm Care Corp. KK		57,500		438,391
	CMIC Holdings Co., Ltd.		84,900		1,222,344
	Create Medic Co., Ltd.		38,700		389,793
	Daiken Medical Co., Ltd.		115,900		696,932
	Daito Pharmaceutical Co., Ltd.		78,380		2,638,441
#	Dvx, Inc.		47,300		400,609
	Eiken Chemical Co., Ltd.		237,100		4,128,830
	Elan Corp.		86,100		1,363,466
	EM Systems Co., Ltd.		267,200		1,968,322
	EPS Holdings, Inc.		243,000		2,527,247
	FALCO HOLDINGS Co., Ltd.		65,300		966,361
	FINDEX, Inc.		94,500		740,929
	Fuji Pharma Co., Ltd.		112,200		1,211,517
#	Fukuda Denshi Co., Ltd.		57,200		4,078,597
	Fuso Pharmaceutical Industries, Ltd.		48,000		965,029
	Hogy Medical Co., Ltd.		84,200		2,632,875
	I’rom Group Co., Ltd.		31,800		395,040
	Iwaki & Co., Ltd.		167,800		673,404
*	Japan Animal Referral Medical Center Co., Ltd.		9,600		154,822
	Japan Lifeline Co., Ltd.		443,100		5,210,887
#	Japan Medical Dynamic Marketing, Inc.		112,500		1,638,510
	Jeol, Ltd.		266,300		7,873,941
	JMS Co., Ltd.		96,557		752,631
	Kanamic Network Co., Ltd.		106,000		676,022
	Kawasumi Laboratories, Inc.		94,480		804,599
	Kissei Pharmaceutical Co., Ltd.		207,700		4,924,808
#	KYORIN Holdings, Inc.		292,500		6,078,384
	Linical Co., Ltd.		84,600		689,311
# *	Medical Data Vision Co., Ltd.		152,500		1,070,425
#	Medius Holdings Co., Ltd.		67,100		577,168
# *	MedPeer, Inc.		31,500		481,505
	Menicon Co., Ltd.		179,200		7,777,278
	Miraca Holdings, Inc.		435,200		10,897,202
#	Mizuho Medy Co., Ltd.		22,400		336,721
	Mochida Pharmaceutical Co., Ltd.		5,398		211,201
#	N Field Co., Ltd.		43,100		173,101
	Nakanishi, Inc.		166,000		2,265,390
	NichiiGakkan Co., Ltd.		287,200		2,881,597
	Nichi-iko Pharmaceutical Co., Ltd.		366,450		4,764,522
#	Nippon Chemiphar Co., Ltd.		17,100		409,196
	Nipro Corp.		546,500		6,112,405
#	Nissui Pharmaceutical Co., Ltd.		88,400		1,018,180
	Paramount Bed Holdings Co., Ltd.		149,800		6,179,814
	Rion Co., Ltd.		64,500		1,330,413
#	Seed Co., Ltd.		83,700		627,581
	Seikagaku Corp.		257,300		2,548,546
#	Shin Nippon Biomedical Laboratories, Ltd.		41,600		240,963
	Shofu, Inc.		69,200		1,027,669
	Software Service, Inc.		22,400		2,106,415
	Solasto Corp.		350,700		3,572,161
	St-Care Holding Corp.		92,900		349,523
	Taiko Pharmaceutical Co., Ltd.		44,600		683,157
	Techno Medica Co., Ltd.		13,800		239,658

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
HEALTH CARE — (Continued)
	Toho Holdings Co., Ltd.		202,400	$	4,191,696
	Tokai Corp.		159,300		4,122,814
	Torii Pharmaceutical Co., Ltd.		120,800		3,325,956
#	Towa Pharmaceutical Co., Ltd.		203,800		4,201,793
	Tsukui Corp.		408,900		1,672,195
#	Uchiyama Holdings Co., Ltd.		26,400		80,950
#	UNIMAT Retirement Community Co., Ltd.		27,300		266,473
	Value HR Co., Ltd.		46,400		630,200
	Vital KSK Holdings, Inc.		320,100		3,243,608
# *	Wakamoto Pharmaceutical Co., Ltd.		112,300		260,953
	WIN-Partners Co., Ltd.		125,600		1,038,402

TOTAL HEALTH CARE					148,513,158

INDUSTRIALS — (29.0%)
	A&A Material Corp.		26,000		267,289
#	Abist Co., Ltd.		19,600		354,756
	Advan Co., Ltd.		176,800		1,769,358
#	Advanex, Inc.		22,099		281,479
	Aeon Delight Co., Ltd.		90,100		2,580,478
	Aichi Corp.		260,200		1,742,488
	Aida Engineering, Ltd.		353,300		2,424,989
	Ajis Co., Ltd.		31,200		715,211
	Alconix Corp.		168,500		1,730,856
	Alinco, Inc.		91,100		868,191
	Alps Logistics Co., Ltd.		111,600		717,485
	Altech Co., Ltd.		10,900		20,526
	Altech Corp.		121,570		1,856,468
	Anest Iwata Corp.		239,700		1,854,853
*	Arrk Corp.		532,000		435,702
	Asahi Diamond Industrial Co., Ltd.		374,300		1,666,969
#	Asahi Kogyosha Co., Ltd.		29,700		812,960
	Asanuma Corp.		48,000		1,525,599
#	Asukanet Co., Ltd.		56,500		539,619
	Bando Chemical Industries, Ltd.		259,600		1,545,923
	BayCurrent Consulting, Inc.		99,500		5,638,525
	Bell System24 Holdings, Inc.		258,700		3,061,660
	BeNEXT Group, Inc.		122,100		762,808
	Br Holdings Corp.		194,000		890,265
	Bunka Shutter Co., Ltd.		410,200		2,994,693
	Canare Electric Co., Ltd.		20,300		308,010
	Career Design Center Co., Ltd.		23,900		187,942
	Central Glass Co., Ltd.		240,200		4,116,626
	Central Security Patrols Co., Ltd.		57,500		2,327,000
#	Chilled & Frozen Logistics Holdings Co., Ltd., Class H		109,900		1,435,772
	Chiyoda Integre Co., Ltd.		73,200		1,191,632
	Chodai Co., Ltd.		3,900		30,220
	Chori Co., Ltd.		82,100		1,282,874
	Chudenko Corp.		230,700		4,665,174
	Chugai Ro Co., Ltd.		41,200		591,348
#	Chuo Warehouse Co., Ltd.		21,000		211,562
	CKD Corp.		2,000		33,344
	CMC Corp.		14,600		259,688
	Comany, Inc.		4,700		48,539
#	Cosel Co., Ltd.		173,200		1,449,499
	Creek & River Co., Ltd.		57,400		474,429
	CTI Engineering Co., Ltd.		72,000		1,164,380
#	CTS Co., Ltd.		195,800		1,089,382
	Dai-Dan Co., Ltd.		108,800		2,720,482
#	Daido Kogyo Co., Ltd.		50,400		292,252

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INDUSTRIALS — (Continued)
	Daihatsu Diesel Manufacturing Co., Ltd.		126,300	$	482,863
	Daihen Corp.		151,400		4,310,639
	Daiho Corp.		121,500		2,543,531
	Dai-Ichi Cutter Kogyo K.K.		22,000		330,919
	Daiichi Jitsugyo Co., Ltd.		62,300		2,106,338
	Daiichi Kensetsu Corp.		31,000		495,691
	Daiki Axis Co., Ltd.		41,900		289,160
	Daiohs Corp.		22,100		214,745
	Daiseki Co., Ltd.		276,163		6,101,133
	Daiseki Eco. Solution Co., Ltd.		11,759		119,742
	Daisue Construction Co., Ltd.		57,700		394,917
	Daiwa Industries, Ltd.		233,600		2,005,172
	Denyo Co., Ltd.		119,700		2,253,643
#	DMG Mori Co., Ltd.		670,800		6,858,714
#	DMW Corp.		4,800		96,670
	Duskin Co., Ltd.		331,300		8,561,147
#	Ebara Jitsugyo Co., Ltd.		39,900		831,774
	Eidai Co., Ltd.		210,900		553,177
	Endo Lighting Corp.		29,600		159,126
#	en-japan, Inc.		53,900		1,188,132
	Enshu, Ltd.		35,099		307,690
	EPCO Co., Ltd.		20,200		166,189
	ERI Holdings Co., Ltd.		1,500		9,352
	Escrow Agent Japan, Inc.		136,700		234,423
	F&M Co., Ltd.		41,700		458,924
*	FDK Corp.		47,198		222,787
#	Freund Corp.		75,600		407,929
	Fudo Tetra Corp.		124,480		1,554,825
#	Fuji Corp.		477,000		7,986,546
#	Fuji Die Co., Ltd.		61,100		335,863
	Fuji Furukawa Engineering & Construction Co., Ltd.		1,200		18,171
	Fujikura, Ltd.		1,800,400		5,293,458
	Fujimak Corp.		12,600		69,019
	Fujisash Co., Ltd.		662,800		401,737
	Fujitec Co., Ltd.		367,500		5,242,196
	Fukuda Corp.		67,800		2,609,063
	Fukushima Galilei Co., Ltd.		96,600		2,841,536
	Fukuvi Chemical Industry Co., Ltd.		10,600		40,655
	Fukuyama Transporting Co., Ltd.		71,557		2,479,796
#	FULLCAST Holdings Co., Ltd.		145,500		1,842,660
	Funai Soken Holdings, Inc.		270,970		5,774,109
	Furukawa Co., Ltd.		227,900		2,329,437
	Furukawa Electric Co., Ltd.		394,400		7,423,638
	Furusato Industries, Ltd.		66,800		876,236
	Futaba Corp.		258,900		2,417,300
	Gecoss Corp.		98,900		797,213
	Giken, Ltd.		82,700		3,020,477
	Glory, Ltd.		276,455		6,213,108
*	Grace Technology, Inc.		54,300		1,497,476
	GS Yuasa Corp.		387,099		5,500,932
	Hamakyorex Co., Ltd.		126,600		3,460,585
	Hanwa Co., Ltd.		266,400		4,232,049
	Hashimoto Sogyo Holdings Co., Ltd.		4,070		67,653
	Hazama Ando Corp.		1,473,200		9,174,712
#	Helios Techno Holding Co., Ltd.		131,100		406,472
	Hibiya Engineering, Ltd.		138,500		2,380,916
	Hirakawa Hewtech Corp.		81,000		764,984
#	Hirano Tecseed Co., Ltd.		68,400		720,502
	Hirata Corp.		4,200		201,482

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INDUSTRIALS — (Continued)
	Hisaka Works, Ltd.		163,300	$	1,120,206
	Hitachi Zosen Corp.		1,251,679		4,141,425
	Hito Communications Holdings, Inc.		43,900		396,062
#	Hoden Seimitsu Kako Kenkyusho Co., Ltd.		23,900		124,121
	Hokuetsu Industries Co., Ltd.		159,000		1,474,425
#	Hokuriku Electrical Construction Co., Ltd.		81,500		752,819
	Hosokawa Micron Corp.		50,100		2,280,699
	Howa Machinery, Ltd.		62,700		464,006
	HyAS&Co, Inc.		30,100		44,978
#	Ichikawa Co., Ltd.		1,000		12,491
#	Ichiken Co., Ltd.		35,400		403,055
	Ichinen Holdings Co., Ltd.		155,600		1,615,722
#	Idec Corp.		223,500		3,271,488
#	Ihara Science Corp.		52,200		497,145
	IHI Corp.		22,600		280,119
	Iino Kaiun Kaisha, Ltd.		630,600		1,876,070
	Inaba Denki Sangyo Co., Ltd.		390,200		8,254,948
	Inaba Seisakusho Co., Ltd.		62,800		761,950
	Inabata & Co., Ltd.		326,900		3,625,849
#	Insource Co., Ltd.		56,375		1,236,314
	Inui Global Logistics Co., Ltd.		113,080		1,239,768
	IR Japan Holdings, Ltd.		55,800		3,339,253
	Iseki & Co., Ltd.		129,600		1,428,092
	Ishii Iron Works Co., Ltd.		11,000		254,934
	Isolite Insulating Products Co., Ltd.		48,000		197,396
	Itoki Corp.		228,600		690,357
#	Iwaki Co., Ltd.		41,000		350,351
	Iwasaki Electric Co., Ltd.		35,800		445,547
	JAC Recruitment Co., Ltd.		100,900		1,056,864
*	Jalux, Inc.		44,100		637,352
	Jamco Corp.		73,100		444,132
#	Japan Asia Group, Ltd.		185,300		405,730
	Japan Elevator Service Holdings Co., Ltd.		143,400		3,647,026
	Japan Foundation Engineering Co., Ltd.		134,500		515,395
	Japan Pulp & Paper Co., Ltd.		83,400		2,772,683
#	Japan Steel Works, Ltd. (The)		421,200		5,170,985
	Japan Transcity Corp.		271,200		1,238,742
	JK Holdings Co., Ltd.		111,140		777,122
*	JMC Corp.		6,800		41,718
	Juki Corp.		185,300		1,015,964
	Kamei Corp.		169,900		1,664,454
	Kanaden Corp.		129,500		1,491,955
	Kanagawa Chuo Kotsu Co., Ltd.		42,800		1,610,044
	Kanamoto Co., Ltd.		222,800		4,320,425
	Kandenko Co., Ltd.		400,000		3,347,219
	Kanematsu Corp.		624,125		6,152,549
	Katakura Industries Co., Ltd.		179,300		1,724,844
	Kato Works Co., Ltd.		63,300		721,318
	KAWADA TECHNOLOGIES, Inc.		42,900		2,002,128
	Kawagishi Bridge Works Co., Ltd.		8,700		169,916
	Kawanishi Warehouse Co., Ltd.		1,700		15,900
	Kawasaki Kinkai Kisen Kaisha, Ltd.		9,599		234,176
*	Kawasaki Kisen Kaisha, Ltd.		567,500		5,583,178
	Kawata Manufacturing Co., Ltd.		28,600		180,742
	Keihin Co., Ltd.		24,900		293,054
	KFC, Ltd.		8,700		130,032
	Kimura Chemical Plants Co., Ltd.		110,800		434,814
	Kimura Unity Co., Ltd.		23,500		212,562
	King Jim Co., Ltd.		63,300		511,425

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INDUSTRIALS — (Continued)
# *	Kinki Sharyo Co., Ltd. (The)		21,999	$	226,531
	Kintetsu World Express, Inc.		282,500		4,112,003
	Kitagawa Corp.		57,700		814,465
	Kitano Construction Corp.		26,272		633,361
	Kito Corp.		151,800		1,536,982
	Kitz Corp.		559,400		3,431,437
	Kobayashi Metals, Ltd.		7,900		19,576
# *	Kobe Electric Railway Co., Ltd.		37,299		1,346,937
#	Kobelco Eco-Solutions Co., Ltd.		21,399		343,407
#	Koike Sanso Kogyo Co., Ltd.		14,500		288,728
	Kokusai Co., Ltd.		51,600		305,840
	Kokuyo Co., Ltd.		314,825		3,848,981
	KOMAIHALTEC, Inc.		24,900		350,059
	Komatsu Wall Industry Co., Ltd.		52,500		881,416
	Komori Corp.		378,300		2,654,091
	Kondotec, Inc.		129,900		1,106,117
	Konoike Transport Co., Ltd.		200,800		2,164,616
# *	Kosaido Co., Ltd.		212,900		1,523,714
	Kozo Keikaku Engineering, Inc.		20,700		493,725
	KRS Corp.		38,800		591,064
	Kumagai Gumi Co., Ltd.		279,700		6,128,317
	Kyodo Printing Co., Ltd.		52,500		1,351,491
#	Kyokuto Boeki Kaisha, Ltd.		45,000		582,262
	Kyokuto Kaihatsu Kogyo Co., Ltd.		225,300		2,627,723
	Kyoritsu Printing Co., Ltd.		199,200		280,070
	Kyudenko Corp.		13,300		372,892
#	Like Co., Ltd.		63,200		950,047
#	Link And Motivation, Inc.		210,200		692,722
	Lonseal Corp.		13,900		232,411
#	Maeda Corp.		930,800		7,466,234
#	Maeda Kosen Co., Ltd.		127,400		2,459,056
	Maeda Road Construction Co., Ltd.		99,200		1,836,549
	Maezawa Industries, Inc.		25,300		78,794
	Maezawa Kasei Industries Co., Ltd.		95,100		952,918
	Maezawa Kyuso Industries Co., Ltd.		71,400		1,317,371
	Makino Milling Machine Co., Ltd.		174,700		4,980,265
	Marufuji Sheet Piling Co., Ltd.		11,800		207,217
#	Maruka Corp.		38,800		624,798
#	Marumae Co., Ltd.		28,300		227,476
	Maruwa Unyu Kikan Co., Ltd.		138,900		4,044,642
#	Maruyama Manufacturing Co., Inc.		21,700		246,755
	Maruzen Co., Ltd.		66,600		1,044,218
	Maruzen Showa Unyu Co., Ltd.		80,000		1,875,870
#	Matching Service Japan Co., Ltd.		52,000		359,351
	Matsuda Sangyo Co., Ltd.		99,182		1,213,255
#	Matsui Construction Co., Ltd.		141,700		833,939
	Max Co., Ltd.		187,600		2,785,668
	Meidensha Corp.		268,110		4,156,471
	Meiji Electric Industries Co., Ltd.		54,800		642,488
#	Meiji Shipping Co., Ltd.		111,000		377,209
	Meisei Industrial Co., Ltd.		291,400		2,119,674
	Meitec Corp.		204,100		9,011,874
#	Meiwa Corp.		170,200		762,102
#	Mesco, Inc.		29,800		177,242
	METAWATER Co., Ltd.		82,500		3,280,886
#	Mie Kotsu Group Holdings, Inc.		391,400		1,742,336
	Mirait Holdings Corp.		581,635		7,513,430
	Mitani Corp.		73,800		4,325,097
#	Mitani Sangyo Co., Ltd.		145,000		499,505

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INDUSTRIALS — (Continued)
	Mitsubishi Kakoki Kaisha, Ltd.		44,100	$	665,775
	Mitsubishi Logisnext Co., Ltd.		214,500		1,995,464
	Mitsubishi Pencil Co., Ltd.		89,700		1,122,662
	Mitsuboshi Belting, Ltd.		167,300		2,290,711
*	Mitsui E&S Holdings Co., Ltd.		577,400		3,262,263
	Mitsui Matsushima Holdings Co., Ltd.		65,700		509,686
	Mitsui-Soko Holdings Co., Ltd.		158,100		2,142,021
	Mitsumura Printing Co., Ltd.		9,300		143,941
	Miyaji Engineering Group, Inc.		41,517		616,879
	Mori-Gumi Co., Ltd.		69,500		147,468
	Morita Holdings Corp.		224,500		3,449,891
#	Musashi Co., Ltd.		5,000		76,171
#	NAC Co., Ltd.		76,500		593,735
#	Nachi-Fujikoshi Corp.		109,000		3,152,328
#	Nadex Co., Ltd.		40,600		249,042
	Nagase & Co., Ltd.		391,800		4,712,821
	Naigai Trans Line, Ltd.		40,500		419,392
	Nakabayashi Co., Ltd.		113,400		588,751
	Nakakita Seisakusho Co., Ltd.		3,700		80,182
#	Nakamoto Packs Co., Ltd.		33,300		451,246
	Nakanishi Manufacturing Co., Ltd.		5,700		45,525
#	Nakano Corp.		110,600		366,475
	Namura Shipbuilding Co., Ltd.		404,128		691,403
	Narasaki Sangyo Co., Ltd.		25,400		414,900
#	Nexyz Group Corp.		58,000		538,530
*	Nice Corp.		49,900		387,569
	Nichias Corp.		453,400		9,013,564
	Nichiban Co., Ltd.		78,100		1,091,458
	Nichiden Corp.		101,100		1,926,020
	Nichiha Corp.		194,180		3,547,067
	Nichireki Co., Ltd.		181,900		2,410,370
#	Nihon Dengi Co., Ltd.		30,200		882,187
	Nihon Flush Co., Ltd.		131,600		1,475,445
	Nikkato Corp.		53,000		297,305
	Nikkiso Co., Ltd.		332,400		2,586,391
	Nikko Co., Ltd.		179,000		934,646
	Nikkon Holdings Co., Ltd.		385,300		7,481,555
	Nippi, Inc.		11,900		371,494
#	Nippon Air Conditioning Services Co., Ltd.		205,900		1,356,484
	Nippon Aqua Co., Ltd.		27,600		151,476
	Nippon Carbon Co., Ltd.		60,400		1,852,324
	Nippon Concept Corp.		37,000		505,265
	Nippon Densetsu Kogyo Co., Ltd.		267,600		5,215,775
	Nippon Dry-Chemical Co., Ltd.		4,300		55,437
	Nippon Filcon Co., Ltd.		15,700		76,230
	Nippon Hume Corp.		162,400		917,376
	Nippon Kanzai Co., Ltd.		25,100		429,302
	Nippon Koei Co., Ltd.		82,500		2,361,557
	Nippon Parking Development Co., Ltd., Class C		1,446,000		1,745,430
#	Nippon Rietec Co., Ltd.		12,600		257,773
	Nippon Road Co., Ltd. (The)		50,200		3,027,314
	Nippon Seisen Co., Ltd.		23,700		651,569
*	Nippon Sharyo, Ltd.		52,499		1,343,147
# *	Nippon Sheet Glass Co., Ltd.		686,300		2,170,970
	Nippon Steel Trading Corp.		115,160		3,628,135
	Nippon Thompson Co., Ltd.		402,900		1,391,195
	Nippon Tungsten Co., Ltd.		6,699		109,470
#	Nishimatsu Construction Co., Ltd.		398,600		7,547,806
	Nishi-Nippon Railroad Co., Ltd.		193,200		4,728,994

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INDUSTRIALS — (Continued)
	Nishio Rent All Co., Ltd.		123,800	$	2,549,157
	Nissei ASB Machine Co., Ltd.		52,500		1,412,851
#	Nissei Corp.		38,900		395,201
#	Nissei Plastic Industrial Co., Ltd.		154,700		1,416,052
	Nisshinbo Holdings, Inc.		990,480		6,905,893
	Nissin Corp.		107,300		1,576,453
	Nissin Electric Co., Ltd.		379,400		3,524,485
	Nitta Corp.		156,200		2,795,071
	Nitto Boseki Co., Ltd.		7,600		359,435
	Nitto Kogyo Corp.		188,900		3,182,340
	Nitto Kohki Co., Ltd.		80,100		1,397,152
	Nitto Seiko Co., Ltd.		187,500		826,807
	Nittoc Construction Co., Ltd.		146,200		957,859
	NJS Co., Ltd.		38,100		556,134
	nms Holdings Co.		44,200		111,402
	Noda Corp.		145,500		826,844
	Nomura Co., Ltd.		604,800		4,581,550
	Noritake Co., Ltd.		70,500		2,308,918
#	Noritsu Koki Co., Ltd.		139,600		1,610,682
	Noritz Corp.		206,500		2,297,217
#	NS Tool Co., Ltd.		61,700		1,515,558
	NS United Kaiun Kaisha, Ltd.		66,600		889,605
	NTN Corp.		2,972,200		5,700,777
	Obara Group, Inc.		90,000		2,331,836
#	Ochi Holdings Co., Ltd.		8,900		117,091
	Odawara Engineering Co., Ltd.		4,900		59,378
#	Ohba Co., Ltd.		76,500		425,605
	Ohmoto Gumi Co., Ltd.		4,100		160,456
	Oiles Corp.		176,270		2,279,974
	Okabe Co., Ltd.		269,500		1,891,570
#	Okada Aiyon Corp.		42,800		343,422
	Okamoto Machine Tool Works, Ltd.		21,699		467,885
	Okamura Corp.		447,100		3,231,228
# *	OKK Corp.		28,700		123,762
#	OKUMA Corp.		137,100		5,169,326
	Okumura Corp.		233,580		4,983,885
	Onoken Co., Ltd.		125,500		1,335,704
	Organo Corp.		50,600		2,687,506
	Oriental Consultants Holdings Co., Ltd.		6,100		105,158
	Origin Co., Ltd.		27,600		371,764
	OSG Corp.		380,900		4,948,662
	OSJB Holdings Corp.		975,500		2,096,474
	Outsourcing, Inc.		811,500		3,836,222
	Oyo Corp.		145,200		1,699,333
	Paraca, Inc.		35,900		521,154
	Parker Corp.		34,000		125,076
	Pasco Corp.		11,200		156,093
#	Pasona Group, Inc.		133,000		1,320,972
	Pegasus Sewing Machine Manufacturing Co., Ltd.		150,600		443,340
	Penta-Ocean Construction Co., Ltd.		1,716,400		8,671,050
#	Phil Co., Inc.		10,900		280,009
	Pilot Corp.		56,100		1,879,499
	Prestige International, Inc.		765,800		5,981,757
	Pronexus, Inc.		124,000		1,245,839
	PS Mitsubishi Construction Co., Ltd.		236,000		1,158,236
#	Punch Industry Co., Ltd.		107,900		346,332
	Quick Co., Ltd.		77,900		740,422
	Raito Kogyo Co., Ltd.		315,200		3,919,915
	Raiznext Corp.		345,600		3,823,953

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INDUSTRIALS — (Continued)
#	Rasa Corp.		63,200	$	486,550
	Relia, Inc.		252,900		2,665,851
#	Rheon Automatic Machinery Co., Ltd.		138,400		1,565,708
#	Rix Corp.		17,300		242,660
# *	Rozetta Corp.		22,800		591,385
	Ryobi, Ltd.		165,240		1,946,929
	S LINE Co., Ltd.		23,800		214,413
	Sakai Heavy Industries, Ltd.		24,500		471,711
	Sakai Moving Service Co., Ltd.		86,600		4,554,067
# *	Sanix, Inc.		146,200		407,181
	Sanki Engineering Co., Ltd.		320,400		3,612,759
	Sanko Gosei, Ltd.		121,900		326,043
	Sanko Metal Industrial Co., Ltd.		17,700		347,661
	Sankyo Tateyama, Inc.		201,400		1,660,138
	Sanoyas Holdings Corp.		159,500		226,269
#	Sansei Technologies, Inc.		84,600		459,279
	Sansha Electric Manufacturing Co., Ltd.		66,700		334,715
	Sanwa Holdings Corp.		107,400		833,393
	Sanyo Denki Co., Ltd.		44,100		1,937,157
	Sanyo Engineering & Construction, Inc.		70,700		425,030
	Sanyo Industries, Ltd.		9,900		177,672
	Sanyo Trading Co., Ltd.		154,300		1,237,079
	Sata Construction Co., Ltd.		91,299		328,397
	Sato Holdings Corp.		207,700		4,271,098
#	Sato Shoji Corp.		93,000		700,480
	Sawafuji Electric Co., Ltd.		1,900		36,425
	SBS Holdings, Inc.		134,100		2,267,614
#	SEC Carbon, Ltd.		10,900		645,557
#	Secom Joshinetsu Co., Ltd.		32,800		1,023,182
	Seibu Electric & Machinery Co., Ltd.		10,300		89,747
	Seika Corp.		67,000		696,966
	Seikitokyu Kogyo Co., Ltd.		211,530		1,569,597
	Sekisui Jushi Corp.		222,500		4,523,885
	Senko Group Holdings Co., Ltd.		852,800		6,950,191
	Senshu Electric Co., Ltd.		52,100		1,205,350
	Shibaura Machine Co., Ltd.		152,800		3,006,020
	Shibusawa Warehouse Co., Ltd. (The)		62,200		1,294,143
	Shibuya Corp.		97,900		2,409,522
#	Shima Seiki Manufacturing, Ltd.		209,200		3,148,660
	Shin Nippon Air Technologies Co., Ltd.		110,280		2,290,373
#	Shin-Keisei Electric Railway Co., Ltd.		43,599		831,463
	Shinki Bus Co., Ltd.		1,900		55,592
	Shinmaywa Industries, Ltd.		600,400		6,097,778
	Shinnihon Corp.		203,500		1,448,592
	Shinsho Corp.		35,800		601,462
	Shinwa Co., Ltd.		66,200		1,097,318
# *	Shoko Co., Ltd.		37,300		202,599
	SIGMAXYZ, Inc.		124,300		1,752,529
	Sinfonia Technology Co., Ltd.		167,800		1,589,000
	Sinko Industries, Ltd.		142,200		1,846,828
	Sintokogio, Ltd.		318,300		2,200,324
	SMS Co., Ltd.		260,900		5,686,661
	Soda Nikka Co., Ltd.		126,500		702,623
	Sodick Co., Ltd.		211,200		1,455,636
	Space Co., Ltd.		95,062		919,673
	S-Pool, Inc.		301,000		2,056,994
#	Star Micronics Co., Ltd.		246,100		2,716,933
#	Subaru Enterprise Co., Ltd.		6,300		459,165
#	Sugimoto & Co., Ltd.		69,800		1,119,287

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INDUSTRIALS — (Continued)
	Sumiseki Holdings, Inc.		448,700	$	462,951
	Sumitomo Densetsu Co., Ltd.		127,200		2,647,674
	Sumitomo Mitsui Construction Co., Ltd.		1,242,440		5,126,743
*	Sumitomo Precision Products Co., Ltd.		18,184		371,810
	Sumitomo Warehouse Co., Ltd. (The)		449,400		5,129,792
	Suzumo Machinery Co., Ltd.		2,200		28,270
	SWCC Showa Holdings Co., Ltd.		98,700		1,011,233
#	Tacmina Corp.		14,700		174,630
#	Tadano, Ltd.		745,000		5,682,674
	Taihei Dengyo Kaisha, Ltd.		116,300		2,378,855
	Taiheiyo Kouhatsu, Inc.		44,200		248,040
	Taikisha, Ltd.		184,900		5,384,900
	Taisei Oncho Co., Ltd.		14,200		227,071
	Takadakiko Co., Ltd.		7,500		158,352
	Takagi Seiko Corp.		2,300		33,321
	Takamatsu Construction Group Co., Ltd.		107,800		2,213,179
#	Takamatsu Machinery Co., Ltd.		41,800		220,411
	Takamiya Co., Ltd.		128,600		502,760
	Takano Co., Ltd.		61,800		400,415
	Takaoka Toko Co., Ltd.		59,620		514,842
#	Takara Printing Co., Ltd.		22,155		372,233
	Takara Standard Co., Ltd.		264,700		3,901,026
	Takasago Thermal Engineering Co., Ltd.		348,500		5,493,425
	Takashima & Co., Ltd.		26,000		366,283
	Takeei Corp.		162,900		1,214,653
	Takeuchi Manufacturing Co., Ltd.		230,900		3,318,289
#	Takigami Steel Construction Co., Ltd. (The)		5,300		203,037
	Takisawa Machine Tool Co., Ltd.		44,200		455,323
	Takuma Co., Ltd.		170,500		1,843,383
	Tanabe Consulting Co., Ltd.		1,200		13,885
#	Tanabe Engineering Corp.		39,500		242,601
	Tanseisha Co., Ltd.		243,549		1,561,991
	Tatsuta Electric Wire and Cable Co., Ltd.		315,700		1,532,203
	TECHNO ASSOCIE Co., Ltd.		56,800		454,344
#	Techno Ryowa, Ltd.		71,390		523,334
#	Techno Smart Corp.		49,500		366,055
	TechnoPro Holdings, Inc.		21,900		1,247,552
	Teikoku Electric Manufacturing Co., Ltd.		123,200		1,511,695
	Teikoku Sen-I Co., Ltd.		108,500		2,210,965
	Tekken Corp.		93,100		1,840,290
	Tenox Corp.		22,500		167,087
	Teraoka Seisakusho Co., Ltd.		76,000		241,537
	Terasaki Electric Co., Ltd.		24,400		208,019
#	Toa Corp.		117,000		1,534,342
	TOA ROAD Corp.		27,300		735,460
	Toba, Inc.		9,800		225,483
	Tobishima Corp.		148,470		1,469,622
	Tocalo Co., Ltd.		449,000		4,420,457
#	Toda Corp.		386,200		2,243,469
	Toenec Corp.		58,600		1,776,468
	Togami Electric Manufacturing Co., Ltd.		17,800		248,203
	TOKAI Holdings Corp.		738,800		6,677,294
	Tokai Lease Co., Ltd.		19,300		211,750
	Tokyo Energy & Systems, Inc.		176,100		1,190,455
	Tokyo Keiki, Inc.		69,022		482,078
	Tokyo Sangyo Co., Ltd.		144,800		651,284
	Tokyu Construction Co., Ltd.		622,900		3,220,219
	Toli Corp.		289,200		685,770
	Tomoe Corp.		162,200		523,887

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INDUSTRIALS — (Continued)
	Tomoe Engineering Co., Ltd.		55,500	$	974,364
	Tonami Holdings Co., Ltd.		39,500		1,944,232
	Toppan Forms Co., Ltd.		363,700		3,195,173
	Torishima Pump Manufacturing Co., Ltd.		142,500		970,437
#	Totech Corp.		56,500		1,081,403
	Totetsu Kogyo Co., Ltd.		186,900		4,830,329
	Totoku Electric Co., Ltd.		17,700		403,379
	Toyo Construction Co., Ltd.		597,300		2,385,196
	Toyo Denki Seizo K.K.		35,450		409,418
*	Toyo Engineering Corp.		221,078		773,521
	Toyo Logistics Co., Ltd.		85,100		261,690
	Toyo Machinery & Metal Co., Ltd.		109,300		410,510
	Toyo Tanso Co., Ltd.		75,600		1,038,220
#	Toyo Wharf & Warehouse Co., Ltd.		41,300		521,728
	Trancom Co., Ltd.		55,900		3,702,438
#	Trinity Industrial Corp.		36,000		232,238
	Trusco Nakayama Corp.		171,500		3,709,976
	Tsubaki Nakashima Co., Ltd.		309,200		2,169,889
	Tsubakimoto Chain Co.		195,840		4,587,060
	Tsubakimoto Kogyo Co., Ltd.		28,800		869,084
# *	Tsudakoma Corp.		25,198		177,759
#	Tsugami Corp.		327,600		2,829,542
	Tsukishima Kikai Co., Ltd.		210,100		2,367,062
	Tsurumi Manufacturing Co., Ltd.		139,700		2,443,005
	Uchida Yoko Co., Ltd.		62,700		2,750,188
#	Ueki Corp.		32,800		750,609
	Union Tool Co.		45,500		1,155,660
	Ushio, Inc.		949,300		10,010,046
# *	UT Group Co., Ltd.		198,100		2,784,415
	Utoc Corp.		102,200		460,522
	Waida Manufacturing Co., Ltd.		5,100		52,552
	Wakachiku Construction Co., Ltd.		91,100		1,011,169
	Wakita & Co., Ltd.		272,900		2,514,463
	WDB Holdings Co., Ltd.		65,900		1,535,346
	Weathernews, Inc.		38,600		1,317,612
	Will Group, Inc.		105,800		627,978
	World Holdings Co., Ltd.		39,600		524,677
	Yahagi Construction Co., Ltd.		200,200		1,479,025
	YAMABIKO Corp.		231,528		1,784,394
	YAMADA Consulting Group Co., Ltd.		78,800		816,550
#	Yamashina Corp.		224,200		130,488
	Yamato Corp.		114,300		702,978
	Yamaura Corp.		9,900		67,975
	Yamazen Corp.		458,100		3,852,429
#	Yasuda Logistics Corp.		114,300		915,315
	Yokogawa Bridge Holdings Corp.		237,400		4,166,923
	Yondenko Corp.		27,360		602,414
	Yuasa Trading Co., Ltd.		127,400		3,428,359
#	Yuken Kogyo Co., Ltd.		24,000		302,677
#	Yumeshin Holdings Co., Ltd.		340,100		1,880,176
	Yurtec Corp.		277,500		1,558,722
	Zaoh Co., Ltd.		23,400		304,531
#	Zenitaka Corp. (The)		19,600		645,899
	Zuiko Corp.		22,600		927,132

TOTAL INDUSTRIALS					878,282,609

INFORMATION TECHNOLOGY — (12.9%)
	A&D Co., Ltd.		139,700		966,744
#	Access Co., Ltd.		87,800		702,318

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	Ad-sol Nissin Corp.		43,000	$	953,969
	AGS Corp.		11,600		84,803
	Ai Holdings Corp.		283,400		3,500,975
	Aichi Tokei Denki Co., Ltd.		18,900		770,970
	Aiphone Co., Ltd.		74,200		1,052,313
	Alpha Systems, Inc.		56,720		1,664,186
	Amano Corp.		113,100		2,322,089
	AOI Electronics Co., Ltd.		31,400		632,759
	Argo Graphics, Inc.		121,300		3,799,145
	Arisawa Manufacturing Co., Ltd.		223,500		1,758,311
*	Artiza Networks, Inc.		3,800		45,077
	ArtSpark Holdings, Inc.		33,700		157,960
	Asahi Intelligence Service Co., Ltd.		1,300		13,437
	Avant Corp.		100,300		808,880
#	Axell Corp.		44,900		295,227
	Azia Co., Ltd.		14,300		163,980
# *	BrainPad, Inc.		7,200		352,476
#	Broadleaf Co., Ltd.		606,400		2,806,937
	Business Brain Showa-Ota, Inc.		14,500		380,052
	CAC Holdings Corp.		75,200		753,717
	Canon Electronics, Inc.		134,700		1,972,744
	Capital Asset Planning, Inc.		13,200		94,594
	CDS Co., Ltd.		15,300		178,610
*	Change, Inc.		12,500		484,262
#	Chino Corp.		47,400		556,509
	Citizen Watch Co., Ltd.		1,827,200		6,448,821
*	CMK Corp.		358,100		1,382,030
	Computer Engineering & Consulting, Ltd.		164,800		2,521,187
	Computer Institute of Japan, Ltd.		96,300		680,113
#	Comture Corp.		153,200		3,084,549
	CONEXIO Corp.		126,200		1,697,357
	Core Corp.		45,800		511,341
#	Cresco, Ltd.		83,000		1,067,453
#	Cube System, Inc.		60,600		384,052
#	Cyber Com Co., Ltd.		10,600		169,300
	Cybernet Systems Co., Ltd.		57,700		333,323
	Cybozu, Inc.		115,500		2,236,565
	Dai-ichi Seiko Co., Ltd.		38,100		808,159
#	Daiko Denshi Tsushin, Ltd.		37,200		266,502
	Daishinku Corp.		51,499		815,539
	Daitron Co., Ltd.		58,200		793,757
	Daiwabo Holdings Co., Ltd.		131,300		8,088,734
# *	DDS, Inc.		34,500		70,841
	Denki Kogyo Co., Ltd.		73,500		1,695,897
#	Densan System Co., Ltd.		47,900		1,116,994
	Dexerials Corp.		434,100		2,850,490
	Digital Arts, Inc.		79,600		4,794,680
	Digital Garage, Inc.		145,900		5,227,442
	Digital Hearts Holdings Co., Ltd.		99,700		709,582
#	Digital Information Technologies Corp.		40,000		485,160
#	DKK-Toa Corp.		28,300		229,243
#	Double Standard, Inc.		14,000		526,934
	DTS Corp.		309,000		5,922,252
	Ebase Co., Ltd.		59,600		571,950
	E-Guardian, Inc.		51,100		846,654
	Eizo Corp.		125,500		3,763,769
	Elecom Co., Ltd.		113,200		4,464,177
	Elematec Corp.		122,942		934,635
	Enomoto Co., Ltd.		30,200		274,968

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	Enplas Corp.		67,500	$	1,417,151
	ESPEC Corp.		149,700		2,394,457
	Fenwal Controls of Japan, Ltd.		20,500		206,368
#	Ferrotec Holdings Corp.		264,900		1,591,174
# *	FFRI, Inc.		22,500		438,326
	Fixstars Corp.		97,100		974,088
	Focus Systems Corp.		28,400		207,619
#	Forval Corp.		53,900		552,530
	FTGroup Co., Ltd.		65,400		703,638
	Fuji Soft, Inc.		100,200		3,527,128
	Fujitsu Frontech, Ltd.		86,700		863,852
	Fukui Computer Holdings, Inc.		53,500		1,432,740
	Furuno Electric Co., Ltd.		163,500		1,216,570
#	Furuya Metal Co., Ltd.		7,600		345,218
	Future Corp.		143,400		1,897,391
	Future Innovation Group, Inc.		11,900		27,431
*	Geomatec Co., Ltd.		29,900		107,135
#	GL Sciences, Inc.		46,700		438,389
#	Glosel Co., Ltd.		118,700		472,832
	GMO Cloud K.K.		19,300		568,624
	GMO internet, Inc.		13,100		285,135
	GMO Pepabo, Inc.		7,300		135,918
	Hagiwara Electric Holdings Co., Ltd.		51,100		980,762
	Hakuto Co., Ltd.		98,700		895,219
	Hibino Corp.		26,900		414,150
	Hioki EE Corp.		69,600		1,980,891
	Hochiki Corp.		111,400		1,460,882
#	Hokuriku Electric Industry Co., Ltd.		48,200		422,240
	Honda Tsushin Kogyo Co., Ltd.		113,800		421,953
	Hosiden Corp.		401,900		3,429,799
	Icom, Inc.		76,600		1,887,166
	ID Holdings Corp.		52,100		691,915
	Ikegami Tsushinki Co., Ltd.		40,799		311,688
	Ines Corp.		153,000		2,006,105
#	I-Net Corp.		80,390		1,119,056
	Infocom Corp.		179,300		4,293,361
	Infomart Corp.		557,800		3,851,416
	Information Services International-Dentsu, Ltd.		84,500		3,585,480
	Innotech Corp.		107,500		884,037
#	Intelligent Wave, Inc.		36,600		195,414
	Inter Action Corp.		27,600		603,193
#	I-O Data Device, Inc.		50,700		430,078
	Iriso Electronics Co., Ltd.		154,700		4,310,936
#	ISB Corp.		10,800		160,314
	Itfor, Inc.		164,700		1,015,745
*	Iwatsu Electric Co., Ltd.		68,500		537,630
	Japan Aviation Electronics Industry, Ltd.		360,500		4,676,659
	Japan Cash Machine Co., Ltd.		153,500		782,536
# *	Japan Display, Inc.		3,483,900		1,407,593
	Japan Electronic Materials Corp.		51,800		448,551
	Japan Material Co., Ltd.		451,000		6,528,790
#	Jastec Co., Ltd.		68,200		707,503
	JBCC Holdings, Inc.		111,100		1,964,105
	JFE Systems, Inc.		3,100		97,650
# *	JIG-SAW, Inc.		17,300		827,546
	Kaga Electronics Co., Ltd.		123,200		2,227,803
	Kanematsu Electronics, Ltd.		89,000		3,018,124
	KEL Corp.		27,900		203,112
	Koa Corp.		172,100		1,424,854

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	KSK Co., Ltd.		3,000	$	47,430
	Kyoden Co., Ltd.		116,100		278,222
	Kyosan Electric Manufacturing Co., Ltd.		311,000		1,474,260
	Kyowa Electronic Instruments Co., Ltd.		129,800		487,196
#	LAC Co., Ltd.		100,100		854,087
	Lecip Holdings Corp.		10,900		46,696
	Macnica Fuji Electronics Holdings, Inc.		367,550		5,003,233
#	Marubun Corp.		112,200		524,886
#	Maruwa Co., Ltd.		67,500		4,761,174
	Maxell Holdings, Ltd.		359,000		3,302,579
	MCJ Co., Ltd.		514,800		3,415,170
	Megachips Corp.		112,800		1,695,990
#	Meiko Electronics Co., Ltd.		158,100		2,051,450
	Melco Holdings, Inc.		18,600		432,129
# *	Metaps, Inc.		12,800		70,764
	Micronics Japan Co., Ltd.		102,400		817,796
	Mimaki Engineering Co., Ltd.		136,300		514,076
	Mimasu Semiconductor Industry Co., Ltd.		119,381		2,311,546
	Miraial Co., Ltd.		39,500		399,916
#	Miroku Jyoho Service Co., Ltd.		137,100		3,457,038
	Mitachi Co., Ltd.		17,900		99,442
	Mitsubishi Research Institute, Inc.		56,200		1,904,385
	Mitsui High-Tec, Inc.		140,100		1,569,681
#	m-up Holdings, Inc.		4,800		114,227
	Mutoh Holdings Co., Ltd.		14,600		178,143
#	Nagano Keiki Co., Ltd.		96,400		699,193
	Nakayo, Inc.		75,100		967,585
	NEC Networks & System Integration Corp.		112,800		4,853,987
#	NET One Systems Co., Ltd.		112,800		3,251,745
	NF Corp.		25,900		391,326
	Nichicon Corp.		368,300		2,427,248
*	Nihon Dempa Kogyo Co., Ltd.		121,600		465,050
#	Nihon Denkei Co., Ltd.		31,800		312,827
#	Nippon Chemi-Con Corp.		83,600		942,920
#	Nippon Computer Dynamics Co., Ltd.		38,600		240,824
	Nippon Electric Glass Co., Ltd.		401,336		5,846,556
#	Nippon Information Development Co., Ltd.		12,600		158,168
#	Nippon Kodoshi Corp.		55,400		436,305
	Nippon Signal Co., Ltd.		355,200		3,302,167
	Nippon Systemware Co., Ltd.		56,800		1,058,414
	Nissha Co., Ltd.		232,800		1,700,122
	Nohmi Bosai, Ltd.		166,300		3,347,188
	NSD Co., Ltd.		559,460		7,922,113
#	Ohara, Inc.		35,900		304,435
	Ohizumi Manufacturing Co., Ltd.		27,100		118,264
# *	Okaya Electric Industries Co., Ltd.		77,800		236,721
	Oki Electric Industry Co., Ltd.		656,000		6,310,079
#	ONO Sokki Co., Ltd.		32,200		145,980
	Optex Group Co., Ltd.		235,520		2,681,147
*	Optim Corp.		9,800		194,142
	Optorun Co., Ltd.		30,600		831,147
	Oro Co., Ltd.		18,400		534,261
	Osaki Electric Co., Ltd.		322,100		1,548,529
	Oval Corp.		35,600		72,872
	Paltek Corp.		38,500		142,657
	PCA Corp.		2,300		77,768
#	PCI Holdings, Inc.		30,800		245,889
	Poletowin Pitcrew Holdings, Inc.		216,300		1,786,939
#	Pro-Ship, Inc.		41,700		439,129

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
#	Rakus Co., Ltd.		260,600	$	4,128,047
#	RECOMM Co., Ltd.		298,400		234,135
	Restar Holdings Corp.		139,300		2,246,677
	Riken Keiki Co., Ltd.		108,800		2,094,899
*	Riso Kagaku Corp.		136,800		1,836,460
	Roland DG Corp.		87,300		1,071,553
	Rorze Corp.		54,400		2,238,243
#	RS Technologies Co., Ltd.		20,100		484,203
	Ryoden Corp.		109,900		1,353,206
	Ryosan Co., Ltd.		171,300		3,745,950
	Ryoyo Electro Corp.		129,200		2,900,839
	Saison Information Systems Co., Ltd.		24,800		409,979
#	Sakura Internet, Inc.		155,700		821,950
	Sanken Electric Co., Ltd.		175,700		3,661,865
	Sanshin Electronics Co., Ltd.		140,900		1,962,534
#	Satori Electric Co., Ltd.		80,880		616,282
	Saxa Holdings, Inc.		32,600		519,278
#	SB Technology Corp.		69,800		1,732,997
	Scala, Inc.		83,700		392,687
#	Seikoh Giken Co., Ltd.		22,300		460,375
*	SEMITEC Corp.		5,500		107,572
#	Shibaura Electronics Co., Ltd.		57,400		1,242,002
	Shibaura Mechatronics Corp.		28,700		720,709
*	SHIFT, Inc.		1,600		133,690
	Shindengen Electric Manufacturing Co., Ltd.		53,900		1,242,790
	Shinko Electric Industries Co., Ltd.		535,400		6,682,951
	Shinko Shoji Co., Ltd.		307,100		2,476,545
	Shizuki Electric Co., Inc.		127,100		551,823
	Showa Shinku Co., Ltd.		25,400		300,994
	Sigma Koki Co., Ltd.		27,000		279,985
	Siix Corp.		223,400		1,819,452
	SK-Electronics Co., Ltd.		47,300		464,375
	SMK Corp.		36,699		876,616
	Softbrain Co., Ltd.		94,400		406,361
	Softcreate Holdings Corp.		56,900		970,045
	Soliton Systems K.K		36,600		457,706
	Soshin Electric Co., Ltd.		58,400		178,493
#	Sourcenext Corp.		364,000		1,062,608
	SRA Holdings		75,600		1,508,160
	Sumida Corp.		198,749		1,292,865
	Sun-Wa Technos Corp.		82,000		627,283
	Suzuden Corp.		1,200		13,023
	Suzuki Co., Ltd.		67,100		450,170
#	System Information Co., Ltd.		54,800		416,480
	System Research Co., Ltd.		27,200		382,731
	Systems Engineering Consultants Co., Ltd.		900		25,816
	Systemsoft Corp.		156,000		108,046
	Systena Corp.		531,900		7,477,765
	Tachibana Eletech Co., Ltd.		122,160		1,678,824
	Takachiho Koheki Co., Ltd.		38,500		330,075
#	TAKEBISHI Corp.		53,100		672,273
	Tamagawa Holdings Co., Ltd.		3,100		61,909
#	Tamura Corp.		586,500		2,404,643
#	Tazmo Co., Ltd.		39,500		431,327
	TDC Soft, Inc.		109,700		854,880
	TechMatrix Corp.		116,800		2,918,265
#	Techno Horizon Holdings Co., Ltd.		56,700		327,863
	Teikoku Tsushin Kogyo Co., Ltd.		53,800		595,781
#	Terilogy Co., Ltd.		15,600		66,938

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
#	TESEC Corp.		19,400	$	155,239
	TKC Corp.		105,300		5,200,189
	Toho System Science Co., Ltd.		2,700		22,899
	Tokyo Electron Device, Ltd.		45,600		1,152,711
	Tokyo Seimitsu Co., Ltd.		291,800		9,438,815
	Tomen Devices Corp.		15,300		546,673
	Topcon Corp.		815,500		6,695,940
	Torex Semiconductor, Ltd.		45,500		445,467
	Toshiba TEC Corp.		69,500		2,263,164
	Toukei Computer Co., Ltd.		5,010		191,465
	Towa Corp.		159,000		1,373,560
	Toyo Corp.		161,900		1,539,732
*	Transcosmos, Inc.		8,900		177,587
	Tri Chemical Laboratories, Inc.		31,400		2,789,919
#	Tsuzuki Denki Co., Ltd.		42,800		527,920
	Ubicom Holdings, Inc.		12,500		148,508
	Ulvac, Inc.		222,500		6,132,696
*	UMC Electronics Co., Ltd.		52,700		115,876
*	Uniden Holdings Corp.		42,400		745,447
#	UNITED, Inc.		24,200		233,075
#	V Technology Co., Ltd.		69,600		2,402,404
#	VINX Corp.		11,500		106,454
	Wacom Co., Ltd.		1,103,500		3,837,438
	Wellnet Corp.		3,800		18,357
#	YAC Holdings Co., Ltd.		70,800		303,568
#	Yamaichi Electronics Co., Ltd.		154,400		2,105,804
	Yashima Denki Co., Ltd.		131,200		1,001,256
	Yokowo Co., Ltd.		105,200		2,374,052

TOTAL INFORMATION TECHNOLOGY					390,438,885

MATERIALS — (10.5%)
	Achilles Corp.		103,500		1,526,922
	ADEKA Corp.		654,200		8,214,890
#	Agro-Kanesho Co., Ltd.		1,300		18,854
	Aichi Steel Corp.		79,200		2,116,523
	Arakawa Chemical Industries, Ltd.		127,100		1,506,343
	Araya Industrial Co., Ltd.		25,200		252,653
	Asahi Holdings, Inc.		282,250		6,377,720
	Asahi Printing Co., Ltd.		25,700		220,844
	Asahi Yukizai Corp.		98,600		1,181,840
	Asahipen Corp.		2,100		33,655
	Asia Pile Holdings Corp.		220,000		853,586
	C Uyemura & Co., Ltd.		35,900		1,973,490
	Carlit Holdings Co., Ltd.		139,400		648,291
	Chuetsu Pulp & Paper Co., Ltd.		49,900		625,273
*	Chugai Mining Co., Ltd.		652,700		96,350
	Chugoku Marine Paints, Ltd.		461,700		3,530,429
	CI Takiron Corp.		314,400		1,709,245
#	CK-San-Etsu Co., Ltd.		21,200		562,798
	Dai Nippon Toryo Co., Ltd.		145,500		1,243,218
	Daido Steel Co., Ltd.		131,900		4,356,071
	Daiichi Kigenso Kagaku-Kogyo Co., Ltd.		130,800		894,705
	Daiken Corp.		89,500		1,330,860
	Daiki Aluminium Industry Co., Ltd.		202,100		1,072,750
	Dainichiseika Color & Chemicals Manufacturing Co., Ltd.		93,400		1,970,511
	Daio Paper Corp.		148,200		2,022,170
#	DKS Co., Ltd.		59,400		2,503,319
	Dowa Holdings Co., Ltd.		92,500		2,558,371
	Dynapac Co., Ltd.		8,500		112,056

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
MATERIALS — (Continued)
	Fuji Seal International, Inc.		187,600	$	3,256,538
	Fujikura Kasei Co., Ltd.		184,200		849,728
	Fujimori Kogyo Co., Ltd.		120,400		3,542,245
	Fuso Chemical Co., Ltd.		140,000		4,146,339
	Geostr Corp.		111,400		343,393
	Godo Steel, Ltd.		67,700		1,273,604
	Gun-Ei Chemical Industry Co., Ltd.		31,600		753,953
	Hakudo Co., Ltd.		48,200		552,510
	Harima Chemicals Group, Inc.		104,700		999,356
	Hodogaya Chemical Co., Ltd.		44,900		1,455,472
	Hokkan Holdings, Ltd.		56,100		794,480
	Hokko Chemical Industry Co., Ltd.		125,500		653,287
	Hokuetsu Corp.		941,899		3,719,611
	Honshu Chemical Industry Co., Ltd.		28,200		274,022
	Ise Chemicals Corp.		14,300		390,802
#	Ishihara Chemical Co., Ltd.		35,500		620,259
	Ishihara Sangyo Kaisha, Ltd.		222,050		1,320,162
	Ishizuka Glass Co., Ltd.		12,900		259,709
	JCU Corp.		165,700		3,876,195
	JSP Corp.		102,000		1,316,596
	Kaneka Corp.		117,500		3,039,170
	Kanto Denka Kogyo Co., Ltd.		313,800		2,494,643
	Katakura & Co-op Agri Corp.		21,500		232,805
	KeePer Technical Laboratory Co., Ltd.		49,500		656,788
	KH Neochem Co., Ltd.		234,500		4,051,173
#	Kimoto Co., Ltd.		239,000		309,514
	Koatsu Gas Kogyo Co., Ltd.		225,193		1,536,534
	Kobe Steel, Ltd.		1,878,500		6,282,823
#	Kohsoku Corp.		72,200		968,754
	Konishi Co., Ltd.		250,300		3,276,319
	Konoshima Chemical Co., Ltd.		31,600		188,082
	Krosaki Harima Corp.		35,700		1,255,906
#	Kumiai Chemical Industry Co., Ltd.		373,387		3,013,632
	Kunimine Industries Co., Ltd.		40,400		372,392
#	Kureha Corp.		130,550		5,265,432
	Kurimoto, Ltd.		66,400		1,100,994
	Kuriyama Holdings Corp.		78,000		349,081
	Kyoei Steel, Ltd.		161,600		2,053,474
#	Kyowa Leather Cloth Co., Ltd.		91,900		541,981
	Lintec Corp.		265,600		5,699,626
#	MEC Co., Ltd.		103,700		1,557,933
	Mitani Sekisan Co., Ltd.		73,200		3,264,201
	Mitsubishi Paper Mills, Ltd.		378,300		1,336,290
	Mitsubishi Steel Manufacturing Co., Ltd.		53,500		384,367
	Mitsui Mining & Smelting Co., Ltd.		451,000		8,414,400
#	Molitec Steel Co., Ltd.		83,100		218,190
	MORESCO Corp.		39,800		327,880
	Mory Industries, Inc.		37,700		819,882
	Nakayama Steel Works, Ltd.		199,700		699,403
	Neturen Co., Ltd.		249,300		1,352,330
	New Japan Chemical Co., Ltd.		200,600		319,626
	Nicca Chemical Co., Ltd.		45,700		369,351
#	Nichia Steel Works, Ltd.		138,600		325,877
#	Nihon Kagaku Sangyo Co., Ltd.		88,900		774,824
#	Nihon Nohyaku Co., Ltd.		243,500		974,404
	Nihon Parkerizing Co., Ltd.		517,500		5,295,786
	Nihon Yamamura Glass Co., Ltd.		101,600		785,332
	Nippon Carbide Industries Co., Inc.		48,300		471,371
#	Nippon Chemical Industrial Co., Ltd.		42,600		887,740

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
MATERIALS — (Continued)
	Nippon Concrete Industries Co., Ltd.		306,600	$	713,941
# *	Nippon Denko Co., Ltd.		779,814		1,075,424
#	Nippon Fine Chemical Co., Ltd.		81,500		1,116,880
	Nippon Kayaku Co., Ltd.		148,100		1,432,715
*	Nippon Kinzoku Co., Ltd.		27,000		157,721
*	Nippon Koshuha Steel Co., Ltd.		26,799		90,701
	Nippon Light Metal Holdings Co., Ltd.		4,269,500		6,724,107
	Nippon Paper Industries Co., Ltd.		423,000		6,040,599
#	Nippon Pillar Packing Co., Ltd.		152,100		1,927,311
	Nippon Soda Co., Ltd.		184,500		4,733,839
	Nippon Yakin Kogyo Co., Ltd.		112,849		1,732,541
#	Nitta Gelatin, Inc.		100,500		642,395
	Nittetsu Mining Co., Ltd.		43,300		1,750,734
#	Nozawa Corp.		52,500		266,521
	Oat Agrio Co., Ltd.		18,000		168,780
	Okamoto Industries, Inc.		82,600		3,313,706
	Okura Industrial Co., Ltd.		56,900		828,392
	Osaka Organic Chemical Industry, Ltd.		100,800		1,611,507
	Osaka Soda Co., Ltd.		106,299		2,425,151
	Osaka Steel Co., Ltd.		94,200		1,030,034
# *	OSAKA Titanium Technologies Co., Ltd.		142,300		1,235,596
#	Pacific Metals Co., Ltd.		115,599		1,782,129
	Pack Corp. (The)		96,200		3,044,220
#	Rasa Industries, Ltd.		49,700		573,397
	Rengo Co., Ltd.		222,700		1,734,983
	Riken Technos Corp.		255,000		1,044,871
	Sakai Chemical Industry Co., Ltd.		107,300		1,797,655
	Sakata INX Corp.		289,100		2,581,508
	Sanyo Chemical Industries, Ltd.		94,900		3,738,575
#	Sanyo Special Steel Co., Ltd.		147,060		1,284,089
	Seiko PMC Corp.		67,900		412,015
	Sekisui Plastics Co., Ltd.		177,200		991,435
	Shikoku Chemicals Corp.		260,000		2,641,416
#	Shinagawa Refractories Co., Ltd.		42,000		852,953
	Shin-Etsu Polymer Co., Ltd.		321,900		2,509,663
	SK Kaken Co., Ltd.		1,100		418,722
	Soken Chemical & Engineering Co., Ltd.		51,200		514,127
	Stella Chemifa Corp.		79,700		1,738,069
	Sumitomo Bakelite Co., Ltd.		159,300		4,114,499
#	Sumitomo Osaka Cement Co., Ltd.		265,199		8,629,840
	Sumitomo Seika Chemicals Co., Ltd.		65,100		1,785,611
	T Hasegawa Co., Ltd.		204,200		4,094,518
	T&K Toka Co., Ltd.		146,900		988,588
	Taisei Lamick Co., Ltd.		43,300		1,050,196
	Taiyo Holdings Co., Ltd.		138,300		5,655,263
	Takasago International Corp.		103,200		2,187,790
#	Takemoto Yohki Co., Ltd.		35,000		246,604
#	Taoka Chemical Co., Ltd.		4,700		301,786
	Tayca Corp.		130,300		1,819,790
	Tenma Corp.		126,900		1,830,666
	Titan Kogyo, Ltd.		5,100		78,392
	Toagosei Co., Ltd.		822,800		7,528,080
*	Toda Kogyo Corp.		21,500		256,952
	Toho Acetylene Co., Ltd.		12,700		149,213
#	Toho Chemical Industry Co., Ltd.		47,000		217,164
#	Toho Titanium Co., Ltd.		256,300		1,451,291
*	Toho Zinc Co., Ltd.		100,399		1,225,602
	Tohoku Steel Co., Ltd.		16,300		200,472
	Tokushu Tokai Paper Co., Ltd.		68,658		2,589,593

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
MATERIALS — (Continued)
	Tokuyama Corp.		414,298	$	8,741,684
	Tokyo Ohka Kogyo Co., Ltd.		71,200		3,062,234
	Tokyo Printing Ink Manufacturing Co., Ltd.		10,200		180,587
*	Tokyo Rope Manufacturing Co., Ltd.		101,700		499,693
#	Tokyo Steel Manufacturing Co., Ltd.		791,600		5,039,883
	Tokyo Tekko Co., Ltd.		71,800		751,087
*	Tomoegawa Co., Ltd.		33,600		269,592
	Tomoku Co., Ltd.		80,700		1,157,779
	Topy Industries, Ltd.		107,600		1,258,134
#	Toyo Gosei Co., Ltd.		32,800		1,578,498
	Toyo Ink SC Holdings Co., Ltd.		252,200		4,796,934
	Toyobo Co., Ltd.		667,400		7,774,416
#	TYK Corp.		172,600		477,710
	UACJ Corp.		211,841		3,452,162
	Ube Industries, Ltd.		138,500		2,322,561
	Ultrafabrics Holdings Co., Ltd.		2,400		17,526
	Valqua, Ltd.		118,699		1,973,815
	Vertex Corp.		45,998		584,853
	Wavelock Holdings Co., Ltd.		30,900		210,654
	Wood One Co., Ltd.		48,500		492,408
*	W-Scope Corp.		18,600		61,226
	Yamato Kogyo Co., Ltd.		215,500		4,229,126
	Yodogawa Steel Works, Ltd.		152,700		2,402,477
#	Yotai Refractories Co., Ltd.		118,000		668,185
	Yushiro Chemical Industry Co., Ltd.		73,800		782,549

TOTAL MATERIALS					317,046,413

REAL ESTATE — (1.8%)
#	AD Works Group Co., Ltd.		194,879		310,528
	Airport Facilities Co., Ltd.		148,670		593,512
	Anabuki Kosan, Inc.		12,900		175,230
#	Aoyama Zaisan Networks Co., Ltd.		43,700		465,130
	Apaman Co., Ltd.		71,700		341,071
#	Arealink Co., Ltd.		29,600		242,801
#	B-Lot Co., Ltd.		40,000		222,252
#	Cosmos Initia Co., Ltd.		97,700		357,474
	Daibiru Corp.		358,100		3,276,824
	Dear Life Co., Ltd.		132,800		498,770
	Goldcrest Co., Ltd.		127,870		1,928,926
#	Good Com Asset Co., Ltd.		10,300		143,164
#	Grandy House Corp.		118,600		363,925
	Heiwa Real Estate Co., Ltd.		236,600		6,352,901
	Ichigo, Inc.		1,187,800		3,041,704
	Intellex Co., Ltd.		30,000		151,061
# *	Japan Asset Marketing Co., Ltd.		1,458,100		1,228,850
	Japan Corporate Housing Service, Inc.		11,700		108,565
	Japan Property Management Center Co., Ltd.		83,400		785,945
	JSB Co., Ltd.		7,400		154,960
	Keihanshin Building Co., Ltd.		272,400		3,516,734
	Kenedix, Inc.		1,442,000		6,516,266
	Land Business Co., Ltd.		14,800		39,203
# *	Leopalace21 Corp.		1,890,700		4,200,421
*	Miyakoshi Holdings, Inc.		800		4,223
	Mugen Estate Co., Ltd.		64,200		278,175
#	Nippon Commercial Development Co., Ltd.		85,500		1,092,947
	Nisshin Group Holdings Co., Ltd.		234,800		874,257
#	Prospect Co., Ltd.		3,669,000		841,349
#	Raysum Co., Ltd.		105,400		872,484
	SAMTY Co., Ltd.		145,350		1,880,371

THE JAPANESE SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
REAL ESTATE — (Continued)
	Sankyo Frontier Co., Ltd.		23,100	$	677,368
	Sansei Landic Co., Ltd.		29,100		189,811
	Shinoken Group Co., Ltd.		112,600		833,229
	Star Mica Holdings Co., Ltd.		94,100		1,283,907
	Sun Frontier Fudousan Co., Ltd.		232,400		1,846,198
	Takara Leben Co., Ltd.		617,000		2,020,522
	TOC Co., Ltd.		383,950		2,382,504
	Tokyo Rakutenchi Co., Ltd.		19,000		712,455
#	Tokyo Theatres Co., Inc.		54,099		594,620
	Tosei Corp.		273,400		2,653,311
	Urbanet Corp. Co., Ltd.		81,400		190,259
	Yasuragi Co., Ltd.		36,700		640,505
	Yoshicon Co., Ltd.		3,100		22,621

TOTAL REAL ESTATE					54,907,333

UTILITIES — (1.6%)
	EF-ON, Inc.		88,520		405,465
	eRex Co., Ltd.		204,000		2,841,953
	Hiroshima Gas Co., Ltd.		337,400		1,131,387
	Hokkaido Electric Power Co., Inc.		1,316,800		5,039,274
	Hokkaido Gas Co., Ltd.		102,300		1,493,171
	Hokuriku Electric Power Co.		911,200		6,141,301
#	Hokuriku Gas Co., Ltd.		10,100		293,776
	K&O Energy Group, Inc.		104,300		1,532,851
	Nippon Gas Co., Ltd.		210,300		6,935,460
	Okinawa Electric Power Co., Inc. (The)		343,921		6,271,736
# *	RENOVA, Inc.		147,600		1,482,398
	Saibu Gas Co., Ltd.		244,700		6,068,237
#	Shikoku Electric Power Co., Inc.		282,200		2,181,292
	Shizuoka Gas Co., Ltd.		373,600		3,357,106
#	Toell Co., Ltd.		57,500		361,586
	West Holdings Corp.		134,810		2,227,456

TOTAL UTILITIES					47,764,449

TOTAL COMMON STOCKS					2,954,099,146

RIGHTS/WARRANTS — (0.0%)
FINANCIALS — (0.0%)
*	Chiba Kogyo Bank, Ltd.		403,000		0

TOTAL INVESTMENT SECURITIES (Cost $3,087,490,509)					2,954,099,146


				Value†
SECURITIES LENDING COLLATERAL — (2.5%)
@ §	The DFA Short Term Investment Fund		6,480,173		74,982,086

TOTAL INVESTMENTS — (100.0%) (Cost $3,162,447,932)				$	3,029,081,232

ST	Special Tax

»	Securities that have generally been fair value factored. See Note B to Financial Statements.

#	Total or Partial Securities on Loan.

*	Non-Income Producing Securities.

†	See Note B to Financial Statements.

@	Security purchased with cash collateral received from Securities on Loan.

§	Affiliated Fund.

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services		—	$	83,027,980		—	$	83,027,980
Consumer Discretionary	$	1,214,652		496,962,499		—		498,177,151
Consumer Staples		—		240,454,061		—		240,454,061
Energy		—		37,478,400		—		37,478,400
Financials		—		258,008,707		—		258,008,707
Health Care		—		148,513,158		—		148,513,158
Industrials		—		878,282,609		—		878,282,609
Information Technology		—		390,438,885		—		390,438,885
Materials		—		317,046,413		—		317,046,413
Real Estate		310,528		54,596,805		—		54,907,333
Utilities		—		47,764,449		—		47,764,449
Securities Lending Collateral		—		74,982,086		—		74,982,086

TOTAL	$	1,525,180	$	3,027,556,052		—	$	3,029,081,232

THE ASIA PACIFIC SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


		Shares		Value»
COMMON STOCKS — (96.7%)
AUSTRALIA — (50.7%)
*	3P Learning, Ltd.		93,233	$	45,006
*	88 Energy, Ltd.		2,549,893		9,872
	A2B Australia, Ltd.		241,263		123,106
	Accent Group, Ltd.		2,095,327		1,578,344
	Adairs, Ltd.		643,521		654,181
#	Adelaide Brighton, Ltd.		2,564,728		4,517,693
*	Advance NanoTek, Ltd.		4,230		12,197
# *	Ainsworth Game Technology, Ltd.		424,317		119,395
# *	Alkane Resources, Ltd.		2,214,509		1,053,909
#	Alliance Aviation Services, Ltd.		104,215		142,940
	ALS, Ltd.		1,127,015		4,921,513
	Altium, Ltd.		220,561		4,841,612
# *	Altura Mining, Ltd.		1,171,741		38,033
#	AMA Group, Ltd.		2,283,100		624,062
# *	Amaysim Australia, Ltd.		1,875,508		384,064
	Ansell, Ltd.		700,311		12,915,269
	AP Eagers, Ltd.		775,292		2,565,416
	APN Property Group, Ltd.		58,003		18,762
	Appen, Ltd.		41,643		688,085
*	Arafura Resources, Ltd.		1,409,526		66,311
#	ARB Corp., Ltd.		527,030		5,175,609
*	Ardent Leisure Group, Ltd.		4,054,650		941,576
	Asaleo Care, Ltd.		1,105,315		739,849
	AUB Group, Ltd.		478,705		3,627,944
#	Aurelia Metals, Ltd.		3,920,282		813,682
	Austal, Ltd.		2,531,117		5,541,992
*	Australian Agricultural Co., Ltd.		3,613,877		2,722,624
	Australian Ethical Investment, Ltd.		14,575		43,722
	Australian Finance Group, Ltd.		838,690		843,989
	Australian Pharmaceutical Industries, Ltd.		3,111,806		2,358,897
#	Australian Vintage, Ltd.		4,317,004		1,160,832
#	Auswide Bank, Ltd.		106,144		300,103
	AVJennings, Ltd.		7,058,528		1,806,022
*	AVZ Minerals, Ltd.		1,847,793		71,043
*	Axsesstoday, Ltd.		20,251		4,021
	Baby Bunting Group, Ltd.		364,553		639,811
#	Bank of Queensland, Ltd.		2,104,987		7,097,666
	Bapcor, Ltd.		2,370,755		7,548,884
*	Base Resources, Ltd.		393,323		33,149
	Beach Energy, Ltd.		323,968		315,788
#	Bega Cheese, Ltd.		1,535,076		4,806,134
	Bell Financial Group, Ltd.		122,493		88,503
#	Bendigo & Adelaide Bank, Ltd.		463,376		1,960,611
*	Berkeley Energia, Ltd.		27,600		3,506
	Bingo Industries, Ltd.		841,528		1,274,489
#	Blackmores, Ltd.		90,390		4,436,707
#	Bravura Solutions, Ltd.		1,621,807		5,064,345
	Breville Group, Ltd.		788,368		8,921,355
	Brickworks, Ltd.		527,768		4,657,863
*	Buru Energy, Ltd.		678,801		39,635
#	BWX, Ltd.		536,568		1,250,905
# *	Byron Energy, Ltd.		89,192		8,363
# *	Cann Group, Ltd.		71,385		42,705
#	Capitol Health, Ltd.		3,495,372		449,912
# *	Cardno, Ltd.		1,127,842		183,121

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
AUSTRALIA — (Continued)
# *	Carnarvon Petroleum, Ltd.		3,381,086	$	413,330
	Carsales.com, Ltd.		1,320,135		12,076,314
# *	Cash Converters International, Ltd.		3,582,331		357,067
*	Castile Resources, Ltd.		538,794		57,932
*	Catapult Group International, Ltd.		401,552		313,355
*	CDS Technologies, Ltd.		13,276		0
	Cedar Woods Properties, Ltd.		439,841		1,205,373
*	Centrebet Litigation		81,336		0
*	Centrebet Litigation Claim		81,336		0
	Centuria Capital Group		141,621		147,533
	Challenger, Ltd.		110,390		351,574
*	Champion Iron, Ltd.		204,512		263,035
	Citadel Group, Ltd. (The)		129,670		288,554
#	City Chic Collective, Ltd.		166,193		251,228
#	Class, Ltd.		386,717		347,163
	Clean Seas Seafood, Ltd.		87,730		37,398
*	Clean TeQ Holdings, Ltd.		86,928		11,758
	Cleanaway Waste Management, Ltd.		8,694,486		10,490,102
#	Clinuvel Pharmaceuticals, Ltd.		108,279		1,533,866
#	Clover Corp., Ltd.		365,203		496,537
	Codan, Ltd.		670,501		2,820,716
#	Collection House, Ltd.		2,084,920		1,474,122
	Collins Foods, Ltd.		828,537		3,940,145
# *	Cooper Energy, Ltd.		13,152,681		3,655,800
#	Corporate Travel Management, Ltd.		520,840		4,263,999
#	Costa Group Holdings, Ltd.		2,640,354		4,932,059
#	Credit Corp. Group, Ltd.		525,391		5,594,914
	Credit Corp. Group, Ltd.		91,934		748,860
	CSR, Ltd.		3,445,365		8,280,714
*	CuDeco, Ltd.		387,893		11,147
# *	Dacian Gold, Ltd.		687,075		159,103
	Data#3, Ltd.		962,073		2,400,830
	Decmil Group, Ltd.		920,710		132,124
	Dicker Data, Ltd.		221,608		1,006,076
#	Domain Holdings Australia, Ltd.		1,659,629		2,810,318
	Downer EDI, Ltd.		503,714		1,355,050
	DWS, Ltd.		514,109		235,078
# *	Eclipx Group, Ltd.		2,757,791		1,285,178
	Elanor Investor Group		12,192		7,193
	Elders, Ltd.		1,232,076		6,908,087
*	Electro Optic Systems Holdings, Ltd.		550,311		1,657,635
# *	Emeco Holdings, Ltd.		976,666		735,925
*	EML Payments, Ltd.		829,369		1,497,824
*	Energy World Corp., Ltd.		87,518		4,100
	Enero Group, Ltd.		10,609		8,307
	EQT Holdings, Ltd.		95,702		1,336,581
	Estia Health, Ltd.		1,663,088		1,611,736
	Euroz, Ltd.		108,281		59,264
#	EVENT Hospitality and Entertainment, Ltd.		546,035		2,729,927
# *	FAR, Ltd.		12,771,552		139,711
#	Finbar Group, Ltd.		203,868		86,360
*	Fleetwood Corp., Ltd.		347,465		334,478
	FlexiGroup, Ltd.		2,196,712		1,283,025
	Flight Centre Travel Group, Ltd.		52,732		373,709
#	Freedom Foods Group, Ltd.		362,595		1,016,234
#	G8 Education, Ltd.		5,105,803		2,863,199
# *	Galaxy Resources, Ltd.		2,565,745		1,258,688
	Genworth Mortgage Insurance Australia, Ltd.		1,836,784		2,539,275
*	GetSwift, Ltd.		28,980		14,299

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
AUSTRALIA — (Continued)
*	Gold Road Resources, Ltd.		3,183,092	$	3,250,408
	GR Engineering Services, Ltd.		55,230		24,244
# *	GrainCorp, Ltd., Class A		1,547,172		3,552,911
#	Grange Resources, Ltd.		449,866		65,648
*	Greenland Minerals, Ltd.		1,692,337		124,339
	GTN, Ltd.		15,394		4,080
	GUD Holdings, Ltd.		877,853		5,210,888
#	GWA Group, Ltd.		1,911,130		3,430,409
	Hansen Technologies, Ltd.		1,388,853		2,525,476
	Healius, Ltd.		4,144,191		6,931,385
#	Helloworld Travel, Ltd.		40,876		46,056
*	Highfield Resources, Ltd.		160,730		36,923
*	Horizon Oil, Ltd.		714,889		23,587
#	HT&E, Ltd.		1,774,958		1,289,910
#	HUB24, Ltd.		236,297		1,485,808
*	IDM International, Ltd.		958		0
	IGO, Ltd.		3,070,006		9,313,395
	Iluka Resources, Ltd.		1,361,287		6,752,038
*	Image Resources NL		332,933		33,966
	Imdex, Ltd.		2,381,029		1,650,000
*	Immutep, Ltd.		140,912		15,844
# *	ImpediMed, Ltd.		417,437		10,499
	Infigen Energy		6,695,697		2,562,136
	Infomedia, Ltd.		3,173,011		3,316,389
	Inghams Group, Ltd.		2,191,759		4,965,637
# *	Intega Group, Ltd.		1,127,842		197,781
	Integral Diagnostics, Ltd.		283,232		594,742
#	Integrated Research, Ltd.		611,969		1,247,007
#	InvoCare, Ltd.		1,186,587		7,935,190
*	ioneer, Ltd.		330,187		28,594
#	IOOF Holdings, Ltd.		2,149,859		6,001,889
	IPH, Ltd.		1,243,670		5,948,331
	IRESS, Ltd.		1,132,562		8,261,080
# *	iSelect, Ltd.		96,851		14,363
# *	iSentia Group, Ltd.		1,014,066		97,420
	IVE Group, Ltd.		578,489		249,009
#	Japara Healthcare, Ltd.		1,815,991		586,946
#	JB Hi-Fi, Ltd.		532,116		12,029,759
	Johns Lyng Group, Ltd.		80,400		126,274
#	Jumbo Interactive, Ltd.		208,843		1,640,386
	Jupiter Mines, Ltd.		4,784,049		840,485
#	K&S Corp., Ltd.		191,577		188,191
# *	Karoon Energy, Ltd.		3,989,162		1,406,805
*	Kingsgate Consolidated, Ltd.		1,825,067		478,354
#	Kogan.com, Ltd.		266,008		1,372,421
*	Lednium Technology Pty, Ltd.		195,019		0
	Lifestyle Communities, Ltd.		96,718		468,593
	Link Administration Holdings, Ltd.		440,508		1,074,857
#	Lovisa Holdings, Ltd.		122,612		584,784
# *	Lynas Corp., Ltd.		4,844,493		5,424,093
	MACA, Ltd.		1,272,720		606,864
	Macmahon Holdings, Ltd.		5,344,671		765,263
*	MaxiTRANS Industries, Ltd.		400,285		40,504
# *	Mayne Pharma Group, Ltd.		10,077,132		2,691,204
	McMillan Shakespeare, Ltd.		490,350		2,118,138
	McPherson’s, Ltd.		523,953		893,658
*	Medusa Mining, Ltd.		475,938		206,982
# *	Mesoblast, Ltd.		630,272		1,345,258
# *	Metals X, Ltd.		4,002,773		206,051

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
AUSTRALIA — (Continued)
#	Metcash, Ltd.		7,963,936	$	12,845,372
#	Michael Hill International, Ltd.		1,490,263		319,753
	Michael Hill International, Ltd.		94,305		21,479
	Midway, Ltd.		3,757		2,451
*	Millennium Minerals, Ltd.		1,065,474		26,592
*	Mincor Resources NL		50,402		20,058
#	Mineral Resources, Ltd.		1,213,862		13,082,811
# *	MMA Offshore, Ltd.		4,757,868		244,217
#	MNF Group, Ltd.		194,514		586,194
	Moelis Australia, Ltd.		72,907		108,639
#	Monadelphous Group, Ltd.		566,488		4,117,998
#	Monash IVF Group, Ltd.		1,051,503		403,024
	Monash IVF Group, Ltd.		687,178		266,441
#	Money3 Corp., Ltd.		926,438		949,968
*	Morning Star Gold NL		332,749		0
	Mortgage Choice, Ltd.		814,098		364,713
	Mosaic Brands, Ltd.		5,993		2,212
# *	Motorcycle Holdings, Ltd.		19,615		9,982
	Mount Gibson Iron, Ltd.		4,804,298		1,965,664
# *	Myanmar Metals, Ltd.		494,858		13,203
# *	Myer Holdings, Ltd.		3,707,181		476,492
	MyState, Ltd.		534,849		1,362,698
	Navigator Global Investments, Ltd.		997,653		842,817
# *	nearmap, Ltd.		1,327,876		1,298,153
#	Neometals, Ltd.		626,513		67,151
	Netwealth Group, Ltd.		365,621		1,791,252
	New Energy Solar, Ltd.		56,462		38,502
#	New Hope Corp., Ltd.		2,234,532		2,233,335
*	NEXTDC, Ltd.		2,176,341		12,419,886
	nib holdings, Ltd.		3,261,361		10,422,419
#	Nick Scali, Ltd.		400,543		1,191,792
	Nine Entertainment Co. Holdings, Ltd.		9,297,395		8,552,466
	NRW Holdings, Ltd.		2,939,598		3,215,793
# *	Nufarm, Ltd.		2,076,155		7,051,021
	OFX Group, Ltd.		1,914,359		1,526,984
	OM Holdings, Ltd.		342,290		77,303
	Omni Bridgeway, Ltd.		2,483,992		6,478,508
*	Onevue Holdings, Ltd.		857,257		125,486
	oOh!media, Ltd.		3,082,993		2,040,440
# *	Orocobre, Ltd.		141,073		204,769
	Orora, Ltd.		8,341,282		13,862,055
*	Otto Energy, Ltd.		1,066,610		4,487
	Over the Wire Holdings, Ltd.		14,661		27,423
	OZ Minerals, Ltd.		2,218,981		12,790,711
#	Pacific Current Group, Ltd.		248,331		783,291
#	Pacific Smiles Group, Ltd.		256,946		233,460
# *	Pact Group Holdings, Ltd.		1,597,987		1,976,712
# *	Paladin Energy, Ltd.		1,235,586		82,888
*	Panoramic Resources, Ltd.		4,660,585		364,448
# *	Pantoro, Ltd.		632,837		58,691
	Paragon Care, Ltd.		557,992		60,359
	Peet, Ltd.		928,220		443,695
	Pendal Group, Ltd.		2,052,929		7,290,853
	People Infrastructure, Ltd.		39,313		45,406
	Perenti Global, Ltd.		4,835,224		2,843,034
#	Perpetual, Ltd.		350,481		6,812,863
*	Perseus Mining, Ltd.		9,066,296		5,479,080
#	Pioneer Credit, Ltd.		166,590		26,671
#	Platinum Asset Management, Ltd.		2,119,364		4,785,813

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
AUSTRALIA — (Continued)
*	Pluton Resources, Ltd.		20,710	$	0
*	Poseidon Nickel, Ltd.		643,832		14,128
# *	Praemium, Ltd.		1,152,591		267,567
	Premier Investments, Ltd.		732,415		7,340,343
*	Prime Media Group, Ltd.		44,455		2,853
#	Pro Medicus, Ltd.		300,101		5,051,114
	Propel Funeral Partners, Ltd.		15,509		27,256
	PWR Holdings, Ltd.		169,474		424,060
*	Quickstep Holdings, Ltd.		134,452		6,072
#	Ramelius Resources, Ltd.		4,758,357		4,043,257
	Reckon, Ltd.		446,073		173,896
*	Red 5, Ltd.		780,941		94,577
*	Red River Resources, Ltd.		614,980		25,154
*	Redbubble, Ltd.		49,962		25,485
#	Regis Healthcare, Ltd.		1,425,409		1,377,829
	Regis Resources, Ltd.		3,188,786		9,117,917
# *	Reject Shop, Ltd. (The)		100,522		234,784
#	Reliance Worldwide Corp., Ltd.		2,602,124		4,577,791
	Resimac Group, Ltd.		11,841		6,440
# *	Resolute Mining, Ltd.		9,170,450		5,463,656
#	Rhipe, Ltd.		298,914		332,193
#	Ridley Corp., Ltd.		1,862,695		856,834
*	RPMGlobal Holdings, Ltd.		192,851		123,802
	RXP Services, Ltd.		284,324		55,200
	Salmat, Ltd.		667,137		343,035
	Sandfire Resources, Ltd.		1,249,475		3,626,320
*	Saracen Mineral Holdings, Ltd.		6,862,422		18,820,844
	SeaLink Travel Group, Ltd.		338,672		792,806
	Select Harvests, Ltd.		697,602		3,279,113
*	Senex Energy, Ltd.		11,261,657		1,551,444
#	Servcorp, Ltd.		366,667		623,429
	Service Stream, Ltd.		2,572,185		3,272,758
*	Seven West Media, Ltd.		5,378,078		295,815
	SG Fleet Group, Ltd.		393,656		342,492
	Sigma Healthcare, Ltd.		6,192,917		2,431,014
# *	Silver Lake Resources, Ltd.		7,807,789		9,643,652
# *	Silver Mines, Ltd.		318,112		17,314
	Sims, Ltd.		1,162,937		5,227,933
	SmartGroup Corp., Ltd.		674,100		2,356,290
#	Southern Cross Media Group, Ltd.		13,206,930		1,192,927
	Spark Infrastructure Group		11,520,334		14,149,222
#	SpeedCast International, Ltd.		1,707,915		879,241
	SRG Global, Ltd.		330,321		54,861
#	St Barbara, Ltd.		5,157,916		8,489,655
	Stanmore Coal, Ltd.		45,430		29,428
*	Stanmore Coal, Ltd.		1,377		902
	Star Entertainment Grp, Ltd. (The)		1,419,985		2,783,830
	Steadfast Group, Ltd.		5,683,479		11,223,075
# *	Strike Energy, Ltd.		2,846,114		238,642
	Sunland Group, Ltd.		1,211,896		924,497
#	Super Retail Group, Ltd.		996,910		4,067,162
# *	Superloop, Ltd.		689,422		350,709
# *	Syrah Resources, Ltd.		2,327,569		348,404
	Tassal Group, Ltd.		1,531,815		3,736,383
	Technology One, Ltd.		1,748,272		10,724,852
*	Thorn Group, Ltd.		744,756		67,973
*	Tiger Resources, Ltd.		9,447,997		1,773
	Tribune Resources, Ltd.		14,725		61,166
*	Troy Resources, Ltd.		372,547		18,592

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
AUSTRALIA — (Continued)
# *	United Malt Grp, Ltd.		1,547,172	$	4,294,995
	Village Roadshow, Ltd.		942,069		1,369,382
# *	Virgin Australia Holdings, Ltd.		7,648,897		0
# *	Virgin Australia Holdings, Ltd.		11,131,924		792,592
	Virtus Health, Ltd.		572,516		1,139,673
	Vita Group, Ltd.		450,191		317,831
	Viva Energy Group, Ltd.		1,133,081		1,058,989
*	Vocus Group, Ltd.		4,546,270		9,025,141
# *	Wagners Holding Co., Ltd.		122,838		78,844
#	Webjet, Ltd.		2,049,516		4,018,491
	Western Areas, Ltd.		1,961,504		2,764,952
# *	Westgold Resources, Ltd.		2,299,520		3,020,940
	Whitehaven Coal, Ltd.		4,887,743		5,768,356
	WPP AUNZ, Ltd.		1,788,160		288,428

TOTAL AUSTRALIA					673,090,641

CHINA — (1.0%)
	APT Satellite Holdings, Ltd.		200,500		63,779
*	China Display Optoelectronics Technology Holdings, Ltd.		6,384,000		338,716
	China Flavors & Fragrances Co., Ltd.		831,028		144,364
	CITIC Telecom International Holdings, Ltd.		13,794,125		5,104,314
	K Wah International Holdings, Ltd.		1,360,000		623,188
	KWG Group Holdings, Ltd.		100,000		147,929
# *	Leyou Technologies Holdings, Ltd.		2,365,000		705,131
	SITC International Holdings Co., Ltd.		6,142,000		6,067,443
	TK Group Holdings, Ltd.		1,482,000		457,852

TOTAL CHINA					13,652,716

HONG KONG — (24.0%)
	Aeon Credit Service Asia Co., Ltd.		968,000		720,473
	Aeon Stores Hong Kong Co., Ltd.		248,000		69,807
#	Agritrade Resources, Ltd.		25,025,000		537,157
	Allied Group, Ltd.		655,200		3,471,779
	Allied Properties HK, Ltd.		12,947,857		3,224,889
#	APAC Resources, Ltd.		3,766,513		427,696
*	Applied Development Holdings, Ltd.		14,125,000		345,869
*	Arts Optical International Hldgs, Ltd.		730,000		93,831
#	Asia Financial Holdings, Ltd.		2,404,908		1,140,343
	Asia Standard Hotel Group, Ltd.		19,861,654		644,445
	Asia Standard International Group, Ltd.		13,222,917		1,607,516
#	Asiasec Properties, Ltd.		1,737,000		286,713
	Associated International Hotels, Ltd.		952,000		1,986,700
	Automated Systems Holdings, Ltd.		340,400		39,746
*	Bel Global Resources Holdings, Ltd.		2,576,000		0
*	Best Food Holding Co., Ltd.		996,000		108,439
	BOCOM International Holdings Co., Ltd.		817,000		109,478
	BOE Varitronix, Ltd.		3,807,293		1,022,597
#	Bright Smart Securities & Commodities Group, Ltd.		6,518,000		843,530
*	Brightoil Petroleum Holdings, Ltd.		9,034,000		655,482
	Build King Holdings, Ltd.		440,000		46,900
*	Burwill Holdings, Ltd.		37,300,960		127,985
	Cafe de Coral Holdings, Ltd.		3,254,000		6,712,881
# *	Camsing International Holding, Ltd.		3,238,000		181,687
	Century City International Holdings, Ltd.		7,111,460		381,479
	CGN Mining Co., Ltd.		5,195,000		170,625
	Chen Hsong Holdings		1,296,000		320,756
	Cheuk Nang Holdings, Ltd.		727,776		226,363
#	Chevalier International Holdings, Ltd.		820,989		1,041,362

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
HONG KONG — (Continued)
*	China Baoli Technologies Holdings, Ltd.		1,147,500	$	5,491
# *	China Best Group Holding, Ltd.		4,250,000		92,011
# *	China Energy Development Holdings, Ltd.		61,178,000		1,472,478
	China Motor Bus Co., Ltd.		67,800		881,353
	China New Higher Education Group, Ltd.		619,000		324,957
*	China Shandong Hi-Speed Financial Group, Ltd.		5,514,000		234,096
*	China Solar Energy Holdings, Ltd.		1,669,500		7,268
#	China Star Entertainment, Ltd.		11,480,000		2,630,326
# *	China Strategic Holdings, Ltd.		80,821,250		237,809
*	China Tonghai International Financial, Ltd.		1,300,000		61,031
	Chinese Estates Holdings, Ltd.		3,459,000		1,652,830
*	Chinlink International Holdings, Ltd.		944,800		87,358
	Chinney Investments, Ltd.		1,180,000		253,133
	Chong Hing Bank, Ltd.		234,000		307,692
	Chow Sang Sang Holdings International, Ltd.		2,417,000		2,434,001
	Chuang’s China Investments, Ltd.		8,811,407		450,070
	Chuang’s Consortium International, Ltd.		7,519,043		1,110,542
#	CK Life Sciences Intl Holdings, Inc.		23,824,000		3,058,565
	CNQC International Holdings, Ltd.		4,855,000		518,784
	CNT Group, Ltd.		7,979,264		370,241
	Convenience Retail Asia, Ltd.		580,000		306,902
# *	Convoy Global Holdings, Ltd.		38,622,000		155,933
# *	Cosmopolitan International Holdings, Ltd.		1,396,000		180,087
#	Cowell e Holdings, Inc.		5,350,000		1,444,228
*	Crocodile Garments		2,196,000		108,882
	Cross-Harbour Holdings, Ltd. (The)		1,596,645		2,336,492
	CSI Properties, Ltd.		48,266,383		1,680,212
*	CST Group, Ltd.		144,064,000		461,209
*	CW Group Holdings, Ltd.		1,361,500		7,604
#	Dah Sing Banking Group, Ltd.		4,171,116		4,094,804
	Dah Sing Financial Holdings, Ltd.		1,688,544		5,570,086
	Dickson Concepts International, Ltd.		1,620,500		852,388
*	Digital Domain Holdings, Ltd.		2,310,000		13,549
# *	Dingyi Group Investment, Ltd.		6,285,000		150,093
#	Dynamic Holdings, Ltd.		78,000		116,502
	Eagle Nice International Holdings, Ltd.		2,194,000		621,682
	EcoGreen International Group, Ltd.		1,994,640		305,232
*	eForce Holdings, Ltd.		8,784,000		144,144
*	Emperor Capital Group, Ltd.		32,721,000		657,256
	Emperor Entertainment Hotel, Ltd.		5,165,000		784,758
#	Emperor International Holdings, Ltd.		10,584,753		1,955,511
	Emperor Watch & Jewellery, Ltd.		35,970,000		646,741
*	Energy International Investments Holdings, Ltd.		1,960,000		18,853
*	ENM Holdings, Ltd.		16,584,000		1,279,583
*	Esprit Holdings, Ltd.		17,615,350		1,689,356
*	Eternity Investment, Ltd.		820,000		12,729
*	Ezcom Holdings, Ltd.		72,576		0
#	Fairwood Holdings, Ltd.		918,600		2,199,668
	Far East Consortium International, Ltd.		11,349,130		4,025,996
*	Far East Holdings International, Ltd.		1,911,000		35,315
# *	FIH Mobile, Ltd.		39,563,000		4,421,717
	First Pacific Co., Ltd.		16,870,000		3,485,948
*	First Shanghai Investments, Ltd.		6,672,000		282,932
	Fountain SET Holdings, Ltd.		6,762,000		1,008,929
	Four Seas Mercantile Holdings, Ltd.		610,000		227,508
*	Freeman Fintech Corp, Ltd.		13,680,000		158,813
*	Genting Hong Kong, Ltd.		483,000		34,733
	Get Nice Financial Group, Ltd.		2,438,600		204,668
	Get Nice Holdings, Ltd.		59,028,000		931,458

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
HONG KONG — (Continued)
	Giordano International, Ltd.		13,212,000	$	2,663,473
*	Global Brands Group Holding, Ltd.		7,046,599		195,941
	Glorious Sun Enterprises, Ltd.		4,616,000		531,011
*	Glory Sun Land Group, Ltd.		3,081,000		276,573
	Gold Peak Industries Holdings, Ltd.		3,029,642		266,768
	Golden Resources Development International, Ltd.		4,082,500		316,377
# *	Gold-Finance Holdings, Ltd.		9,580,000		16,682
*	Good Resources Holdings, Ltd.		9,720,000		107,892
*	Goodbaby International Holdings, Ltd.		7,131,000		729,962
*	GR Properties, Ltd.		3,822,000		796,426
	Great Eagle Holdings, Ltd.		1,068,349		3,186,946
# *	Great Harvest Maeta Group Holdings, Ltd.		1,385,000		186,113
*	Greater Bay Area Investments Group Holdings, Ltd.		18,640,000		24,044
*	Greentech Technology International, Ltd.		8,860,000		149,794
*	G-Resources Group, Ltd.		248,784,600		1,414,374
	Guangnan Holdings, Ltd.		2,363,600		219,616
#	Guotai Junan International Holdings, Ltd.		35,711,797		4,682,324
#	Haitong International Securities Group, Ltd.		24,696,400		5,782,274
	Hang Lung Group, Ltd.		2,192,000		5,006,672
	Hanison Construction Holdings, Ltd.		2,713,649		376,783
*	Hao Tian Development Group, Ltd.		19,412,400		490,064
#	Harbour Centre Development, Ltd.		935,500		1,020,326
#	HKBN, Ltd.		4,262,500		7,340,509
*	HKBridge Financial Holdings, Ltd.		103,000		7,152
	HKR International, Ltd.		7,201,369		3,201,652
	Hon Kwok Land Investment Co., Ltd.		388,800		120,472
	Hong Kong Ferry Holdings Co., Ltd.		1,007,300		867,413
# *	Hong Kong Finance Investment Holding Group, Ltd.		9,182,000		886,500
	Hong Kong Shanghai Alliance Holdings, Ltd.		262,002		10,309
	Hongkong & Shanghai Hotels, Ltd. (The)		3,602,345		3,274,570
	Hongkong Chinese, Ltd.		5,038,000		497,184
	Hop Hing Group Holdings, Ltd.		13,596,000		119,522
#	Hsin Chong Group Holdings, Ltd.		10,243,403		346,842
	Hung Hing Printing Group, Ltd.		3,040,000		431,664
	Hutchison Telecommunications Hong Kong Holdings, Ltd.		13,996,000		2,418,863
	Hypebeast, Ltd.		310,000		33,214
	Hysan Development Co., Ltd.		911,000		3,039,238
*	I-CABLE Communications, Ltd.		4,080,000		28,788
*	Imagi International Holdings, Ltd.		2,388,984		145,048
	International Housewares Retail Co., Ltd.		2,042,000		498,039
*	IPE Group, Ltd.		3,345,000		303,493
*	IRC, Ltd.		37,862,266		400,546
	IT, Ltd.		5,306,532		906,544
#	ITC Properties Group, Ltd.		6,476,100		760,082
#	Jacobson Pharma Corp., Ltd.		3,616,000		683,557
	Johnson Electric Holdings, Ltd.		2,863,992		4,808,943
	Kader Holdings Co., Ltd.		788,000		64,293
	Kam Hing International Holdings, Ltd.		1,830,000		105,765
	Karrie International Holdings, Ltd.		2,440,000		334,332
#	Keck Seng Investments		912,600		365,531
	Kerry Logistics Network, Ltd.		3,771,500		5,157,639
	Kerry Properties, Ltd.		352,500		973,595
	Kingmaker Footwear Holdings, Ltd.		2,386,955		243,973
	Kowloon Development Co., Ltd.		3,133,000		3,658,619
*	Kwan On Holdings, Ltd.		1,700,000		42,012
	Kwoon Chung Bus Holdings, Ltd.		44,000		15,119
#	Lai Sun Development Co., Ltd.		2,039,596		2,384,247
	Lai Sun Garment International, Ltd.		665,530		697,018
	Lam Soon Hong Kong, Ltd.		317,310		513,929

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
HONG KONG — (Continued)
*	Landing International Development, Ltd.		6,360,400	$	249,795
#	Landsea Green Group Co., Ltd.		3,016,000		306,746
	Langham Hospitality Investments and Langham Hospitality Investments, Ltd.		2,532,500		437,635
# *	Lerthai Group, Ltd.		40,000		26,309
	Li & Fung, Ltd.		31,778,000		4,771,168
	Lifestyle International Holdings, Ltd.		3,713,000		3,534,286
	Lippo China Resources, Ltd.		21,162,000		434,705
	Lippo, Ltd.		1,161,700		393,336
	Liu Chong Hing Investment, Ltd.		1,511,200		1,531,976
#	L’Occitane International SA		2,278,500		3,509,694
	Luk Fook Holdings International, Ltd.		3,902,000		8,355,100
	Luks Group Vietnam Holdings Co., Ltd.		514,913		81,070
	Lung Kee Bermuda Holdings		1,521,875		437,669
*	Macau Legend Development, Ltd.		19,573,000		2,374,159
	Magnificent Hotel Investment, Ltd.		13,170,000		210,097
	Man Wah Holdings, Ltd.		15,887,200		9,123,702
	Mason Group Holdings, Ltd.		111,713,399		272,392
	Master Glory Group, Ltd.		972,981		12,237
	Matrix Holdings, Ltd.		1,067,414		433,714
*	Maxnerva Technology Services, Ltd.		982,000		47,804
	Melbourne Enterprises, Ltd.		39,500		932,158
	Melco International Development, Ltd.		2,371,000		4,432,144
*	Midland Holdings, Ltd.		4,053,897		494,927
	Ming Fai International Holdings, Ltd.		2,064,000		214,672
	Miramar Hotel & Investment		1,144,000		2,105,807
	Modern Dental Group, Ltd.		2,865,000		450,584
	Mongolian Mining Corp.		2,330,650		115,765
#	Nameson Holdings, Ltd.		7,744,000		417,912
	Nanyang Holdings, Ltd.		133,500		772,800
	National Electronics Hldgs		2,668,600		372,737
*	National United Resources Holdings, Ltd.		18,280,000		62,721
*	Neo-Neon Holdings, Ltd.		2,625,500		175,690
	New Century Group Hong Kong, Ltd.		13,351,464		205,057
# *	NewOcean Energy Holdings, Ltd.		10,334,000		1,436,720
*	Nimble Holdings Co., Ltd.		912,000		52,344
#	NOVA Group Holdings, Ltd.		165,000		31,074
#	OP Financial, Ltd.		8,336,000		1,164,013
	Oriental Watch Holdings		3,590,800		789,964
#	Oshidori International Holdings, Ltd.		20,024,400		1,566,697
	Pacific Andes International Holdings, Ltd.		19,435,067		68,690
	Pacific Basin Shipping, Ltd.		35,877,000		4,395,329
	Pacific Textiles Holdings, Ltd.		8,566,000		4,334,541
	Pak Fah Yeow International, Ltd.		5,000		1,562
	Paliburg Holdings, Ltd.		3,180,830		855,609
#	Paradise Entertainment, Ltd.		3,672,000		343,373
*	PC Partner Group, Ltd.		2,362,000		392,648
	PCCW, Ltd.		2,217,000		1,358,099
# *	Peace Mark Holdings, Ltd.		2,479,870		0
*	Pegasus International Holdings, Ltd.		100,000		10,328
	Perfect Shape Medical, Ltd.		3,680,000		1,110,959
#	Pico Far East Holdings, Ltd.		5,924,000		845,849
	Playmates Holdings, Ltd.		7,082,000		894,461
*	Playmates Toys, Ltd.		6,160,000		245,265
	Plover Bay Technologies, Ltd.		2,032,000		265,525
#	Pokfulam Development Co., Ltd.		234,000		376,427
	Polytec Asset Holdings, Ltd.		13,613,026		1,485,615
*	PT International Development Co., Ltd.		8,345,150		332,006
	Public Financial Holdings, Ltd.		3,160,000		931,562

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
HONG KONG — (Continued)
*	PYI Corp., Ltd.		29,369,973	$	284,801
*	PYXIS Group, Ltd.		1,936,000		0
	Rare Earth Magnesium Technology Group Holdings, Ltd.		12,860,000		320,532
	Regal Hotels International Holdings, Ltd.		3,031,800		1,269,425
#	Regina Miracle International Holdings, Ltd.		2,346,000		1,113,100
#	Sa Sa International Holdings, Ltd.		14,184,747		2,659,928
	Safety Godown Co., Ltd.		400,000		615,320
	SAS Dragon Holdings, Ltd.		2,182,000		663,457
#	SEA Holdings, Ltd.		1,711,523		1,384,862
#	Shangri-La Asia, Ltd.		1,612,000		1,331,145
	Shenwan Hongyuan HK, Ltd.		4,506,250		531,564
	Shun Ho Property Investments, Ltd.		1,254,757		300,348
	Shun Tak Holdings, Ltd.		13,063,419		4,568,853
*	Sincere Watch Hong Kong, Ltd.		4,450,000		56,019
*	Sing Pao Media Enterprises		250,511		0
	Sing Tao News Corp., Ltd.		1,974,000		293,410
	Singamas Container Holdings, Ltd.		13,440,000		735,942
	SIS International Holdings		34,000		8,245
	Sitoy Group Holdings, Ltd.		2,415,000		147,484
	SmarTone Telecommunications Holdings, Ltd.		4,060,981		2,564,434
*	SOCAM Development, Ltd.		1,372,170		318,668
*	Solomon Systech International, Ltd.		11,998,000		141,325
	Soundwill Holdings, Ltd.		690,500		635,844
*	South China Holdings Co., Ltd.		17,774,502		345,063
	Stella International Holdings, Ltd.		2,604,500		2,620,837
*	Success Universe Group, Ltd.		6,716,000		130,495
# *	Summit Ascent Holdings, Ltd.		7,740,000		688,264
	Sun Hing Vision Group Holdings, Ltd.		42,000		8,120
	Sun Hung Kai & Co., Ltd.		5,601,429		2,302,325
	SUNeVision Holdings, Ltd.		2,029,000		1,442,460
*	Synergy Group Holdings International, Ltd.		230,000		5,660
#	TAI Cheung Holdings, Ltd.		2,327,000		1,604,297
	Tai Sang Land Development, Ltd.		798,910		452,805
	Tai United Holdings, Ltd.		670,000		7,814
*	Talent Property Group, Ltd.		4,305,000		13,189
#	Tan Chong International, Ltd.		1,176,000		280,299
#	Tao Heung Holdings, Ltd.		1,802,000		233,798
	Television Broadcasts, Ltd.		2,926,700		4,039,779
*	Termbray Industries International Holdings, Ltd.		1,314,900		47,161
	Texwinca Holdings, Ltd.		6,964,000		1,178,307
*	Theme International Holdings, Ltd.		5,990,000		72,018
	Tian Teck Land, Ltd.		1,024,000		839,688
# *	TOM Group, Ltd.		1,146,000		164,963
#	Town Health International Medical Group, Ltd.		5,606,115		186,569
	Tradelink Electronic Commerce, Ltd.		6,206,000		873,513
	Transport International Holdings, Ltd.		1,519,864		3,415,704
*	Trinity, Ltd.		7,756,000		126,233
	Tsui Wah Holdings, Ltd.		4,444,000		196,744
	Union Medical Healthcare, Ltd.		1,637,097		894,811
#	United Laboratories International Holdings, Ltd. (The)		7,996,000		6,906,713
*	Universal Technologies Holdings, Ltd.		1,730,000		27,124
*	Up Energy Development Group, Ltd.		3,929,000		12,265
*	Value Convergence Holdings, Ltd.		6,708,000		220,083
#	Value Partners Group, Ltd.		4,836,000		1,919,471
#	Valuetronics Holdings, Ltd.		4,127,850		1,862,826
	Vanke Property Overseas, Ltd.		49,000		19,795
	Vantage International Holdings, Ltd.		3,146,000		174,571
	Vedan International Holdings, Ltd.		3,576,000		332,577
	Victory City International Holdings, Ltd.		2,353,705		59,811

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED


		Shares			Value»
HONG KONG — (Continued)
#	Vitasoy International Holdings, Ltd.		1,341,000		$	4,782,667
#	VPower Group International Holdings, Ltd.		779,000			322,470
#	VSTECS Holdings, Ltd.		7,101,600			3,267,480
	VTech Holdings, Ltd.		1,438,200			10,844,019
	Wai Kee Holdings, Ltd.		7,038,738			3,834,022
	Wang On Group, Ltd.		40,100,000			394,084
# *	We Solutions, Ltd.		8,436,000			432,975
	Win Hanverky Holdings, Ltd.		3,310,000			140,520
*	Winfull Group Holdings, Ltd.		1,928,000			12,601
	Wing On Co. International, Ltd.		759,000	��		1,896,712
	Wing Tai Properties, Ltd.		2,187,331			1,338,892
	Wonderful Sky Financial Group Holdings, Ltd.		1,386,000			109,312
	Xinyi Glass Holdings, Ltd.		4,086,000			4,732,228
	YGM Trading, Ltd.		447,000			161,862
#	YT Realty Group, Ltd.		3,450,008			931,664
	YTO Express Holdings, Ltd.		144,000			29,938
#	Yue Yuen Industrial Holdings, Ltd.		802,500			1,280,114
# *	Yunfeng Financial Group, Ltd.		280,000			111,573
# *	Zhaobangji Properties Holdings, Ltd.		784,000			138,487

TOTAL HONG KONG						318,473,422

JAPAN — (0.1%)
	Honma Golf, Ltd.		1,060,000			545,684

NEW ZEALAND — (6.1%)
	Abano Healthcare Group, Ltd.		68,521			98,505
	Air New Zealand, Ltd.		144,754			118,195
#	Arvida Group, Ltd.		751,791			627,989
	Briscoe Group, Ltd.		5,431			10,449
*	CBL Corp., Ltd.		47,180			17,203
	Chorus, Ltd.		3,219,258			14,048,975
	Colonial Motor Co., Ltd. (The)		144,588			512,864
# *	Comvita, Ltd.		31,904			68,980
	EBOS Group, Ltd.		29,033			392,119
	Freightways, Ltd.		984,862			4,000,192
	Genesis Energy, Ltd.		1,964,738			3,360,352
#	Gentrack Group, Ltd.		71,302			64,904
#	Hallenstein Glasson Holdings, Ltd.		321,607			753,639
	Heartland Group Holdings, Ltd.		1,963,362			1,346,644
	Infratil, Ltd.		4,079,957			11,423,845
#	Investore Property, Ltd.		551,549			576,058
	Kathmandu Holdings, Ltd.		2,598,560			1,247,814
	Mainfreight, Ltd.		338,941			7,521,649
	Metlifecare, Ltd.		1,045,171			2,674,285
*	Metro Performance Glass, Ltd.		76,447			7,900
	Millennium & Copthorne Hotels New Zealand, Ltd.		386,829			439,233
	NEW Zealand King Salmon Investments, Ltd.		51,906			61,821
	New Zealand Refining Co., Ltd. (The)		965,490			543,245
*	NZME, Ltd.		16,366			2,103
*	NZME, Ltd.		945,851			100,007
#	NZX, Ltd.		1,414,768			1,104,894
	Oceania Healthcare, Ltd.		629,369			293,709
*	Pacific Edge, Ltd.		546,889			34,272
	PGG Wrightson, Ltd.		120,785			196,036
#	Port of Tauranga, Ltd.		285,462			1,168,242
*	Pushpay Holdings, Ltd.		815,501			2,131,463
*	Restaurant Brands New Zealand, Ltd.		171,783			1,258,416
*	Richina Pacific Ltd.		274,180			0
	Sanford, Ltd.		394,135			1,683,210

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
NEW ZEALAND — (Continued)
	Scales Corp., Ltd.		462,215	$	1,367,397
	Scott Technology, Ltd.		47,518		46,561
*	Serko, Ltd.		49,653		79,497
#	Skellerup Holdings, Ltd.		806,301		953,353
*	SKY Network Television, Ltd.		704,517		120,253
	SKYCITY Entertainment Group, Ltd.		4,624,657		7,463,752
#	Steel & Tube Holdings, Ltd.		575,667		225,881
	Summerset Group Holdings, Ltd.		1,369,259		5,049,962
# *	Synlait Milk, Ltd.		375,719		1,568,856
#	Tourism Holdings, Ltd.		712,961		554,289
*	TOWER, Ltd.		2,581,956		941,813
	Trustpower, Ltd.		252,846		1,002,593
	Turners Automotive Group, Ltd.		50,113		52,881
	Vector, Ltd.		167,421		360,652
#	Vista Group International, Ltd.		458,005		346,919
	Warehouse Group, Ltd. (The)		360,516		473,657
	Z Energy, Ltd.		1,444,154		2,720,505

TOTAL NEW ZEALAND					81,218,033

SINGAPORE — (14.5%)
*	Abterra, Ltd.		230,320		1,192
	Accordia Golf Trust		5,267,200		2,120,062
	AEM Holdings, Ltd.		2,906,000		5,020,807
	AF Global, Ltd.		395,005		32,564
#	Amara Holdings, Ltd.		974,800		248,274
	Ascendas India Trust		5,731,200		5,122,839
	Avarga, Ltd.		3,076,900		287,367
#	Banyan Tree Holdings, Ltd.		1,214,100		240,256
#	Best World International, Ltd.		2,911,550		521,959
#	Bonvests Holdings, Ltd.		950,000		544,603
#	Boustead Singapore, Ltd.		2,320,982		985,104
#	Bukit Sembawang Estates, Ltd.		1,248,703		3,458,393
	Bund Center Investment, Ltd.		659,825		249,061
#	Centurion Corp., Ltd.		1,405,100		382,286
#	China Aviation Oil Singapore Corp., Ltd.		2,873,999		2,089,570
#	China Sunsine Chemical Holdings, Ltd.		4,142,800		1,112,608
#	Chip Eng Seng Corp., Ltd.		4,094,500		1,501,985
	Chuan Hup Holdings, Ltd.		3,937,600		543,356
	Civmec, Ltd.		162,700		38,664
# *	COSCO Shipping International Singapore Co., Ltd.		8,719,100		1,413,111
# *	Creative Technology, Ltd.		440,200		704,314
#	CSE Global, Ltd.		3,610,700		999,402
	Del Monte Pacific, Ltd.		2,449,764		185,679
	Delfi, Ltd.		885,400		423,857
*	DMX Technologies Group, Ltd.		2,096,000		0
	Duty Free International, Ltd.		720,700		70,040
	Elec & Eltek International Co., Ltd.		184,100		395,925
# *	Ezion Holdings, Ltd.		37,245,878		213,943
# *	Ezra Holdings, Ltd.		12,568,855		95,442
#	Far East Orchard, Ltd.		1,249,303		894,002
#	First Resources, Ltd.		5,941,700		5,288,941
#	First Sponsor Group, Ltd.		484,728		385,182
#	Food Empire Holdings, Ltd.		1,637,100		589,047
#	Fragrance Group, Ltd.		6,077,000		486,884
#	Fraser and Neave, Ltd.		162,900		171,353
#	Frencken Group, Ltd.		2,971,200		1,549,230
	Fu Yu Corp., Ltd.		4,090,500		663,197
# *	Gallant Venture, Ltd.		5,262,600		417,407
	Geo Energy Resources, Ltd.		3,837,000		204,240

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
SINGAPORE — (Continued)
#	GK Goh Holdings, Ltd.		1,484,065	$	809,029
#	GL, Ltd.		3,624,400		1,481,973
	Golden Agri-Resources, Ltd.		38,086,600		4,188,297
	Golden Energy & Resources, Ltd.		603,700		75,228
	GP Industries, Ltd.		2,540,709		915,889
	GuocoLand, Ltd.		1,932,314		1,932,995
# *	Halcyon Agri Corp., Ltd.		1,760,948		463,738
	Hanwell Holdings, Ltd.		1,820,619		240,659
#	Haw Par Corp., Ltd.		368,400		2,670,348
#	Hiap Hoe, Ltd.		498,000		236,000
#	Hi-P International, Ltd.		1,172,500		882,999
#	Ho Bee Land, Ltd.		1,679,900		2,458,877
#	Hong Fok Corp., Ltd.		3,615,694		1,896,850
*	Hong Fok Land, Ltd.		1,210,000		0
*	Hong Leong Asia, Ltd.		2,194,800		803,579
#	Hong Leong Finance, Ltd.		1,002,000		1,622,966
#	Hotel Grand Central, Ltd.		1,660,083		1,098,884
#	Hour Glass, Ltd. (The)		1,879,432		825,024
	HRnetgroup, Ltd.		44,100		16,810
	Hutchison Port Holdings Trust		25,256,400		3,273,229
	Hwa Hong Corp., Ltd.		2,123,500		422,095
# *	Hyflux, Ltd.		3,707,700		371
#	iFAST Corp., Ltd.		976,200		711,426
#	IGG, Inc.		10,817,000		6,877,494
	Indofood Agri Resources, Ltd.		3,647,200		793,378
#	Japfa, Ltd.		4,213,110		1,695,522
# *	Jurong Technologies Industrial Corp., Ltd.		2,227,680		0
# *	k1 Ventures, Ltd.		1,005,220		0
	Keppel Infrastructure Trust		19,465,946		6,816,898
#	KSH Holdings, Ltd.		1,278,300		267,379
#	Lian Beng Group, Ltd.		2,957,600		794,715
#	Low Keng Huat Singapore, Ltd.		912,900		250,968
	Lum Chang Holdings, Ltd.		1,102,130		246,584
	Mandarin Oriental International, Ltd.		1,574,400		2,198,958
*	Mermaid Maritime PCL		383,400		15,884
	Metro Holdings, Ltd.		3,069,792		1,530,412
	Mewah International, Inc.		89,000		12,618
# *	Midas Holdings, Ltd.		9,643,353		246,187
# *	mm2 Asia, Ltd.		3,521,000		442,942
	Nera Telecommunications, Ltd.		1,143,400		146,748
	NetLink NBN Trust		8,343,900		5,904,569
#	NSL, Ltd.		409,900		231,996
#	OUE, Ltd.		2,345,500		1,862,072
#	Oxley Holdings, Ltd.		7,512,687		1,217,251
#	Pan-United Corp., Ltd.		2,435,750		489,767
#	Penguin International, Ltd.		1,129,132		406,238
	Perennial Real Estate Holdings, Ltd.		167,100		53,759
	Q&M Dental Group Singapore, Ltd.		2,356,900		802,264
#	QAF, Ltd.		1,698,580		984,660
*	Raffles Education Corp., Ltd.		5,429,723		296,166
	Raffles Medical Group, Ltd.		8,080,495		4,968,701
#	Riverstone Holdings, Ltd.		1,431,300		1,185,895
#	Roxy-Pacific Holdings, Ltd.		505,740		116,419
#	SBS Transit, Ltd.		898,200		1,919,996
#	Sembcorp Industries, Ltd.		7,106,600		8,141,362
# *	Sembcorp Marine, Ltd.		1,925,500		1,017,970
	Sheng Siong Group, Ltd.		6,156,700		6,451,348
*	SHS Holdings, Ltd.		2,175,300		245,345
#	SIA Engineering Co., Ltd.		2,031,100		2,681,161

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
SINGAPORE — (Continued)
#	SIIC Environment Holdings, Ltd.		5,890,920	$	956,362
	Sinarmas Land, Ltd.		7,118,700		945,646
#	Sing Holdings, Ltd.		1,668,000		389,189
	Sing Investments & Finance, Ltd.		350,675		277,736
#	Singapore Post, Ltd.		13,246,100		6,825,628
#	Singapore Press Holdings, Ltd.		7,633,400		8,197,145
	Singapore Reinsurance Corp., Ltd.		1,514,530		295,008
	Singapore Shipping Corp., Ltd.		1,640,700		267,185
#	Stamford Land Corp., Ltd.		3,297,700		863,160
	StarHub, Ltd.		7,155,500		7,538,071
	Straco Corp., Ltd.		130,000		48,306
#	Sunningdale Tech, Ltd.		1,312,760		936,368
*	SunVic Chemical Holdings, Ltd.		526,945		1,532
# *	Swiber Holdings, Ltd.		2,895,250		41,884
#	Tuan Sing Holdings, Ltd.		5,351,656		945,852
#	UMS Holdings, Ltd.		2,839,175		1,633,933
	United Industrial Corp., Ltd.		94,069		150,150
	United Overseas Insurance, Ltd.		181,850		847,651
	UOB-Kay Hian Holdings, Ltd.		2,244,810		1,908,806
	Venture Corp., Ltd.		971,100		10,852,703
	Vicom, Ltd.		142,100		803,534
	Wee Hur Holdings, Ltd.		2,769,000		352,056
	Wing Tai Holdings, Ltd.		4,235,967		5,178,739
	Yangzijiang Shipbuilding Holdings Ltd.		20,062,000		13,911,602
	Yeo Hiap Seng, Ltd.		223,731		132,336
# *	Yongnam Holdings, Ltd.		2,817,300		168,954

TOTAL SINGAPORE					192,462,574

UNITED STATES — (0.3%)
	Samsonite International SA		4,418,400		3,758,399
# *	Sundance Energy, Inc.		29,379		92,544

TOTAL UNITED STATES					3,850,943

TOTAL COMMON STOCKS					1,283,294,013

RIGHTS/WARRANTS — (0.0%)
AUSTRALIA — (0.0%)
*	G8 Education, Ltd. Rights 05/01/20		1,276,083		0

NEW ZEALAND — (0.0%)
*	Vista Group International, Ltd.		76,256		0

SINGAPORE — (0.0%)
# *	Ezion Holdings, Ltd. Warrants 04/16/23		5,659,201		0
*	First Sponsor Group, Ltd. Warrants 05/30/24		48,473		2,149

TOTAL SINGAPORE					2,149

TOTAL RIGHTS/WARRANTS					2,149

TOTAL INVESTMENT SECURITIES (Cost $1,689,994,287)					1,283,296,162


				Value†
SECURITIES LENDING COLLATERAL — (3.3%)
@ §	The DFA Short Term Investment Fund		3,817,980		44,177,849

TOTAL INVESTMENTS — (100.0%) (Cost $1,734,164,083)				$	1,327,474,011

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

SA Special Assessment

»	Securities that have generally been fair value factored. See Note B to Financial Statements.

*	Non-Income Producing Securities.

#	Total or Partial Securities on Loan.

†	See Note B to Financial Statements.

@	Security purchased with cash collateral received from Securities on Loan.

§	Affiliated Fund.

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	5,101,787	$	667,988,854		—	$	673,090,641
China		—		13,652,716		—		13,652,716
Hong Kong		55,118		318,418,304		—		318,473,422
Japan		—		545,684		—		545,684
New Zealand		—		81,218,033		—		81,218,033
Singapore		—		192,462,574		—		192,462,574
United States		92,544		3,758,399		—		3,850,943
Rights/Warrants
Singapore		—		2,149		—		2,149
Securities Lending Collateral		—		44,177,849		—		44,177,849

TOTAL	$	5,249,449	$	1,322,224,562		—	$	1,327,474,011

THE UNITED KINGDOM SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


		Shares		Value»
COMMON STOCKS — (97.7%)
COMMUNICATION SERVICES — (2.4%)
	4imprint Group P.L.C.		151,644	$	3,570,383
	Ascential P.L.C.		555,529		1,764,269
	Bloomsbury Publishing P.L.C.		227,978		590,994
	Centaur Media P.L.C.		537,905		176,144
	Cineworld Group P.L.C.		4,284,252		3,532,102
	Daily Mail & General Trust P.L.C., Class A		1,028,577		9,134,465
	Euromoney Institutional Investor P.L.C.		666,106		6,921,925
*	Frontier Developments P.L.C.		13,843		264,683
	Future P.L.C.		30,182		391,135
	Gamma Communications P.L.C.		56,080		941,897
	Huntsworth P.L.C.		1,191,684		1,613,336
	Hyve Group P.L.C.		4,328,956		1,243,167
	Kin & Carta P.L.C.		865,292		654,396
	Next Fifteen Communications Group P.L.C.		12,370		57,669
	Reach P.L.C.		1,782,211		1,765,751
	STV Group P.L.C.		4,868		14,336
#	TalkTalk Telecom Group P.L.C.		4,234,555		4,397,502

TOTAL COMMUNICATION SERVICES					37,034,154

CONSUMER DISCRETIONARY — (19.1%)
	888 Holdings P.L.C.		1,812,195		3,290,765
	AA P.L.C.		3,702,353		1,260,752
# *	ASOS P.L.C.		233,652		7,049,697
	B&M European Value Retail SA		3,874,468		16,202,811
	Bellway P.L.C.		533,292		17,844,656
*	Boohoo Group P.L.C.		4,032,544		16,385,934
	Card Factory P.L.C.		1,437,670		757,601
	Coats Group P.L.C.		1,914,880		1,107,596
	Countryside Properties P.L.C.		2,676,835		13,637,915
	Crest Nicholson Holdings P.L.C.		1,822,940		5,873,856
#	Debenhams P.L.C.		6,862,458		0
#	DFS Furniture P.L.C.		1,171,880		2,230,443
	Dignity P.L.C.		199,780		610,107
	Dixons Carphone P.L.C.		5,311,579		5,163,417
	Domino’s Pizza Group P.L.C.		3,598,386		15,593,195
	Dunelm Group P.L.C.		685,419		7,919,187
*	Frasers Group P.L.C.		1,417,210		4,638,017
	Fuller Smith & Turner P.L.C., Class A		142,476		1,257,345
	Games Workshop Group P.L.C.		205,563		15,557,948
*	Gamesys Group P.L.C.		410,917		4,540,165
	GoCo Group P.L.C.		1,974,958		2,066,753
	Greggs P.L.C.		617,131		14,194,734
	GVC Holdings P.L.C.		144,872		1,375,098
#	Gym Group P.L.C. (The)		780,185		1,634,006
	Halfords Group P.L.C.		872,874		1,190,425
	Headlam Group P.L.C.		483,008		1,820,981
	Henry Boot P.L.C.		510,513		1,513,349
	Hollywood Bowl Group P.L.C.		221,905		456,985
#	Hostelworld Group P.L.C.		238,318		229,629
	Inchcape P.L.C.		2,472,981		15,577,529
	J D Wetherspoon P.L.C.		481,563		5,732,491
	Joules Group P.L.C.		3,586		4,597
	Lookers P.L.C.		1,317,719		419,159

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
	Marks & Spencer Group P.L.C.		4,410,110	$	5,138,070
	Marston’s P.L.C.		4,835,134		2,302,341
	McCarthy & Stone P.L.C.		2,635,358		2,346,362
*	Mitchells & Butlers P.L.C.		1,558,365		3,480,494
	MJ Gleeson P.L.C.		220,465		2,090,323
	Moneysupermarket.com Group P.L.C.		3,466,544		13,811,687
	Motorpoint group P.L.C.		48,046		117,495
	N Brown Group P.L.C.		1,105,077		342,463
	On the Beach Group P.L.C.		815,240		2,852,485
# *	Pendragon P.L.C.		5,047,329		513,044
	Pets at Home Group P.L.C.		3,218,903		10,306,262
	Photo-Me International P.L.C.		1,599,011		941,749
	Playtech P.L.C		1,894,021		5,556,613
	PPHE Hotel Group, Ltd.		5,924		94,769
	Rank Group P.L.C.		940,713		1,930,445
	Redrow P.L.C.		1,433,942		8,331,650
	Restaurant Group P.L.C. (The)		727,583		494,927
*	Revolution Bars Group P.L.C.		17,764		4,390
*	Sportech P.L.C.		408,363		88,131
	SSP Group P.L.C.		2,958,082		10,454,464
*	Studio Retail Group P.L.C.		246,067		585,436
	Superdry P.L.C.		233,482		372,144
#	Ted Baker P.L.C.		144,728		278,836
	TEN Entertainment Group P.L.C.		5,930		11,816
#	Thomas Cook Group P.L.C.		6,366,734		0
	Topps Tiles P.L.C.		815,739		368,775
#	TUI AG		155,118		617,943
	Vertu Motors P.L.C.		592,411		183,604
	Vistry Group P.L.C.		1,402,614		14,244,330
	Vitec Group P.L.C. (The)		207,102		1,752,002
	WH Smith P.L.C.		704,933		11,127,102
	William Hill P.L.C.		5,240,138		7,511,551

TOTAL CONSUMER DISCRETIONARY					295,388,846

CONSUMER STAPLES — (6.4%)
	A.G. Barr P.L.C.		705,370		4,381,693
	Anglo-Eastern Plantations P.L.C.		118,624		715,748
	Britvic P.L.C.		1,585,438		14,593,509
	C&C Group P.L.C.		176,513		432,758
	Carr’s Group P.L.C.		349,511		498,321
	Cranswick P.L.C.		379,748		17,762,216
	Devro P.L.C.		1,047,903		2,096,333
	Fevertree Drinks P.L.C.		610,255		13,319,554
	Greencore Group P.L.C.		3,458,542		7,920,984
	Hilton Food Group P.L.C.		274,384		3,865,333
	McBride P.L.C.		585,177		434,313
	McColl’s Retail Group P.L.C.		60,390		32,331
#	Naked Wines P.L.C.		221,368		1,022,497
	Nichols P.L.C.		2,884		46,581
*	Premier Foods P.L.C.		2,949,607		1,691,698
	PZ Cussons P.L.C.		1,740,868		4,099,924
*	REA Holdings P.L.C.		50,639		35,593
	Stock Spirits Group P.L.C.		1,129,699		2,675,044
	Tate & Lyle P.L.C.		2,642,463		23,677,422

TOTAL CONSUMER STAPLES					99,301,852

ENERGY — (2.2%)
#	Afren P.L.C.		5,446,344		0

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
ENERGY — (Continued)
	Anglo Pacific Group P.L.C.		1,045,508	$	2,087,462
*	Cairn Energy P.L.C.		3,608,668		5,084,413
# *	EnQuest P.L.C.		10,731,161		1,533,811
#	Genel Energy P.L.C.		709,830		1,042,126
	Gulf Keystone Petroleum, Ltd.		1,392,585		1,393,884
	Hunting P.L.C.		1,070,269		2,453,477
# *	Hurricane Energy P.L.C.		2,320,500		342,908
	John Wood Group P.L.C.		3,752,826		9,502,472
*	Lamprell P.L.C.		1,198,927		181,251
*	Pantheon Resources P.L.C.		207,691		35,842
#	Petrofac, Ltd.		1,703,984		4,217,305
	Pharos Energy P.L.C.		1,412,115		316,973
# *	Premier Oil P.L.C.		5,688,587		2,322,949
*	Rockhopper Exploration P.L.C.		351,659		28,047
# *	Savannah Energy P.L.C.		806,911		78,860
#	Tullow Oil P.L.C.		9,130,911		2,963,878

TOTAL ENERGY					33,585,658

FINANCIALS — (14.9%)
	Allied Minds P.L.C.		148,232		58,645
	Arrow Global Group P.L.C.		1,116,735		1,417,957
#	Ashmore Group P.L.C.		2,121,975		10,117,222
	Bank of Georgia Group P.L.C.		253,010		3,175,647
	Beazley P.L.C.		2,964,842		14,659,781
	Brewin Dolphin Holdings P.L.C.		2,047,498		7,054,753
#	Burford Capital, Ltd.		563,216		3,538,027
	Charles Stanley Group P.L.C.		122,025		437,711
	Chesnara P.L.C.		832,360		3,482,836
	City of London Investment Group P.L.C.		5,500		21,273
	Close Brothers Group P.L.C.		1,010,082		13,851,255
	CMC Markets P.L.C.		727,392		1,835,640
*	Georgia Capital P.L.C.		39,517		208,626
	Hansard Global P.L.C.		4,887		2,181
	Hastings Group Holdings P.L.C.		2,055,325		4,709,570
	Hiscox, Ltd.		740,679		6,515,902
	IG Group Holdings P.L.C.		2,614,873		24,784,386
	Intermediate Capital Group P.L.C.		1,179,480		16,685,857
	International Personal Finance P.L.C.		992,760		699,653
*	IP Group P.L.C.		3,771,516		2,627,230
	Jupiter Fund Management P.L.C.		3,029,637		8,328,409
*	Just Group P.L.C.		6,064,402		4,242,300
	Lancashire Holdings, Ltd.		1,430,682		11,007,074
	Liontrust Asset Management P.L.C.		41,261		556,407
	Man Group P.L.C.		10,433,201		17,479,855
# *	Metro Bank P.L.C.		97,643		113,488
	Non-Standard Finance P.L.C.		215,168		35,296
	Numis Corp. P.L.C.		252,760		845,325
	OneSavings Bank P.L.C.		1,201,179		3,686,491
	Paragon Banking Group P.L.C.		1,989,236		8,328,423
	Phoenix Group Holdings P.L.C.		666,097		5,054,557
	Plus500, Ltd.		504,305		7,904,113
	Polar Capital Holdings P.L.C.		55,629		279,065
	Provident Financial P.L.C.		1,131,912		2,760,221
	Quilter P.L.C.		10,292,590		15,918,055
	Rathbone Brothers P.L.C.		312,703		5,944,295
	River & Mercantile Group P.L.C.		10,512		25,862
	S&U P.L.C.		22,618		465,578
	Sabre Insurance Group P.L.C.		18,035		64,241
	Saga P.L.C.		5,782,113		1,184,758

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
FINANCIALS — (Continued)
	Sanne Group P.L.C.		20,968	$	170,886
	TBC Bank Group P.L.C.		2,847		29,230
	TP ICAP P.L.C.		3,733,089		15,937,371
*	Virgin Money UK P.L.C.		4,121,071		3,929,884
	Waterloo Investment Holdings, Ltd.		4,000		45

TOTAL FINANCIALS					230,175,381

HEALTH CARE — (3.4%)
	Advanced Medical Solutions GrouAdvanced Medical Solutions Group P.L.C.		104,886		320,544
	Alliance Pharma P.L.C.		1,466,743		1,394,836
	CareTech Holdings P.L.C.		244,788		1,294,436
# *	Circassia Pharmaceuticals P.L.C.		451,976		159,035
	Clinigen Group P.L.C.		74,683		676,653
	ConvaTec Group P.L.C.		4,782,680		12,774,170
	CVS Group P.L.C.		362,767		4,173,485
	EMIS Group P.L.C.		272,237		3,588,743
	Genus P.L.C.		90,552		3,890,320
*	Horizon Discovery Group P.L.C.		29,469		38,367
*	Indivior P.L.C.		3,128,050		1,943,130
	Integrated Diagnostics Holdings P.L.C.		330,094		1,066,721
	Mediclinic International P.L.C.		2,438,263		7,927,691
*	PureTech Health P.L.C.		8,076		26,613
	Spire Healthcare Group P.L.C.		1,394,771		1,692,321
	UDG Healthcare P.L.C.		1,067,968		8,428,872
	Vectura Group P.L.C.		3,998,941		4,272,382

TOTAL HEALTH CARE					53,668,319

INDUSTRIALS — (27.1%)
	Aggreko P.L.C.		1,673,240		9,649,000
	Air Partner P.L.C.		253,425		123,767
	Avon Rubber P.L.C.		210,277		7,005,392
	Babcock International Group P.L.C.		3,043,024		16,117,879
	Balfour Beatty P.L.C.		4,805,553		15,640,645
	Begbies Traynor Group P.L.C.		12,490		16,319
	Biffa P.L.C.		1,028,634		2,843,335
	Bodycote P.L.C.		1,288,277		9,424,872
	Braemar Shipping Services P.L.C.		144,282		185,062
	Chemring Group P.L.C.		1,806,230		4,492,589
	Clarkson P.L.C.		191,276		6,004,235
#	Clipper Logistics P.L.C.		194,719		520,514
#	Costain Group P.L.C.		451,268		447,780
	Dart Group P.L.C.		403,306		3,258,277
	De La Rue P.L.C.		453,560		381,451
*	Dialight P.L.C.		108,089		269,603
	Diploma P.L.C.		780,435		16,915,682
*	Firstgroup P.L.C.		8,748,302		7,366,606
	G4S P.L.C.		9,287,044		12,749,084
	Galliford Try Holdings P.L.C.		774,161		1,465,470
	Go-Ahead Group P.L.C. (The)		292,830		4,941,780
	Goodwin P.L.C.		383		10,798
	Grafton Group P.L.C.		1,587,551		12,667,710
	Hays P.L.C.		9,080,700		12,371,760
	HomeServe P.L.C.		959,826		13,444,910
	Howden Joinery Group P.L.C.		3,370,761		22,227,495
	IMI P.L.C.		1,745,630		18,151,194
	Industrial and Commercial Holding Group, Ltd.		5,000		0
#	Interserve P.L.C.		629,566		0

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INDUSTRIALS — (Continued)
	James Fisher & Sons P.L.C.		316,172	$	5,377,100
	James Halstead P.L.C.		4,536		28,499
	John Laing Group P.L.C.		2,506,978		11,501,156
#	John Menzies P.L.C.		484,759		771,699
	Johnson Service Group P.L.C.		137,003		214,023
	Keller Group P.L.C.		483,715		3,736,972
# *	Kier Group P.L.C.		929,137		972,672
	Luceco P.L.C.		249,615		291,663
	Mears Group P.L.C.		763,170		1,580,347
	Meggitt P.L.C.		2,007,531		7,029,678
	Mitie Group P.L.C.		2,316,723		2,156,244
	Morgan Advanced Materials P.L.C.		1,910,633		5,270,514
	Morgan Sindall Group P.L.C.		232,463		3,745,747
	National Express Group P.L.C.		3,195,780		10,997,110
	Norcros P.L.C.		127,011		255,751
	Pagegroup P.L.C.		2,063,842		9,768,068
	PayPoint P.L.C.		432,083		3,599,869
	Polypipe Group P.L.C.		1,453,505		9,117,865
	Porvair P.L.C.		18,060		154,988
	QinetiQ Group P.L.C.		3,964,771		15,161,894
	Redde Northgate P.L.C.		1,996,988		4,505,172
	Renew Holdings P.L.C.		17,285		98,281
	Renewi P.L.C.		5,075,235		1,620,942
*	Renold P.L.C.		193,435		18,542
	Ricardo P.L.C.		308,257		1,511,439
	Robert Walters P.L.C.		392,744		2,085,735
	Rotork P.L.C.		5,397,898		16,827,519
	Royal Mail P.L.C.		5,214,346		10,881,578
	RPS Group P.L.C.		978,642		641,012
	RWS Holdings P.L.C.		7,642		51,616
	Senior P.L.C.		2,965,158		2,421,387
*	Serco Group P.L.C.		707,822		1,145,744
	Severfield P.L.C.		1,090,941		947,707
	SIG P.L.C.		4,178,014		1,260,236
	Signature Aviation P.L.C.		5,602,723		13,759,791
	Speedy Hire P.L.C.		3,105,269		2,427,622
*	Staffline Group P.L.C.		3,354		1,304
	Stagecoach Group P.L.C.		3,000,721		2,813,546
	SThree P.L.C.		779,372		2,111,364
#	Stobart Group, Ltd.		1,767,874		1,378,395
	T Clarke P.L.C.		155,457		186,014
	Travis Perkins P.L.C.		1,545,039		20,174,312
#	Trifast P.L.C.		524,611		777,967
	Tyman P.L.C.		892,587		1,891,308
	Ultra Electronics Holdings P.L.C.		591,619		14,646,810
	Vesuvius P.L.C.		1,366,079		6,884,283
	Volex P.L.C.		334,515		565,284
	Volution Group P.L.C.		363,795		756,681
	Vp P.L.C.		156,511		1,338,361
	Weir Group P.L.C. (The)		684,717		8,182,812
	Wilmington P.L.C.		334,384		532,520
	Wincanton P.L.C.		628,043		1,833,248
	XP Power, Ltd.		103,342		4,131,352

TOTAL INDUSTRIALS					418,834,952

INFORMATION TECHNOLOGY — (8.2%)
*	Capita P.L.C.		7,698,025		3,769,324
	Computacenter P.L.C.		542,204		9,909,312
	DiscoverIE Group P.L.C.		469,189		2,936,150

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	Electrocomponents P.L.C.		2,748,853	$	19,967,713
	Equiniti Group P.L.C.		2,291,035		4,939,288
	FDM Group Holdings P.L.C.		376,531		3,548,037
	First Derivatives P.L.C.		10,491		341,625
*	IDOX P.L.C.		79,223		39,407
#	iomart Group P.L.C.		182,629		735,959
# *	IQE P.L.C.		333,707		171,990
	Kainos Group P.L.C.		377,423		3,320,305
#	Learning Technologies Group PLC		70,904		114,317
	Micro Focus International P.L.C.		465,707		2,761,077
	NCC Group P.L.C.		1,614,476		3,335,240
	Oxford Instruments P.L.C.		363,272		5,599,674
	Renishaw P.L.C.		170,730		7,556,427
	RM P.L.C.		351,353		950,516
*	SDL P.L.C.		481,249		2,996,890
#	Smart Metering Systems P.L.C.		424,453		3,192,209
	Softcat P.L.C.		810,023		11,502,047
	Spectris P.L.C.		704,273		23,748,569
	Spirent Communications P.L.C.		4,124,361		12,476,072
#	Strix Group P.L.C		181,909		422,799
# *	Telit Communications P.L.C.		82,391		122,155
	TT Electronics P.L.C.		993,507		2,078,132
*	Xaar P.L.C.		165,171		87,832

TOTAL INFORMATION TECHNOLOGY					126,623,066

MATERIALS — (6.7%)
	Castings P.L.C.		165,113		681,769
	Centamin P.L.C.		8,142,932		15,766,130
	Central Asia Metals P.L.C.		438,339		785,615
	Elementis P.L.C.		3,404,080		2,996,392
	Essentra P.L.C.		1,554,741		5,456,963
	Ferrexpo P.L.C.		1,920,094		3,251,451
	Forterra P.L.C.		1,374,279		4,164,278
*	Gem Diamonds, Ltd.		679,902		326,167
	Highland Gold Mining, Ltd.		1,979,947		5,846,221
	Hill & Smith Holdings P.L.C.		530,996		7,697,863
	Hochschild Mining P.L.C.		1,589,741		2,773,512
	Ibstock P.L.C.		2,582,634		6,532,646
#	KAZ Minerals P.L.C.		1,557,504		8,100,786
*	Low & Bonar P.L.C.		2,377,348		446,080
	Marshalls P.L.C.		1,450,097		11,614,043
# *	Petra Diamonds, Ltd.		5,639,982		153,288
*	Petropavlovsk P.L.C.		838,033		269,201
	Rhi Magnesita NV		86,016		2,642,130
#	Scapa Group P.L.C.		271,605		399,025
	Synthomer P.L.C.		2,272,816		8,101,047
	Victrex P.L.C.		608,813		15,254,389
#	Zotefoams P.L.C.		93,671		311,790

TOTAL MATERIALS					103,570,786

REAL ESTATE — (4.7%)
	Capital & Counties Properties P.L.C.		2,440,430		5,096,595
	CLS Holdings P.L.C.		679,512		1,761,267
*	Countrywide P.L.C.		56,640		48,187
	Daejan Holdings P.L.C.		49,850		5,048,035
*	Foxtons Group P.L.C.		1,145,927		613,363
	Grainger P.L.C.		4,445,647		14,936,110
	Harworth Group P.L.C.		30,680		37,203

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
REAL ESTATE — (Continued)
	Helical P.L.C.		776,089	$	3,525,311
#	IWG P.L.C.		4,261,590		12,743,575
	LSL Property Services P.L.C.		410,800		834,746
*	Purplebricks Group P.L.C.		65,365		30,247
*	Raven Property Group, Ltd.		930,062		414,278
	Savills P.L.C.		1,018,529		12,399,395
	St. Modwen Properties P.L.C.		2,718,738		12,599,082
	U & I Group P.L.C.		592,498		749,408
	Urban & Civic P.L.C.		587,134		1,681,611
#	Watkin Jones P.L.C.		515,865		1,119,031

TOTAL REAL ESTATE					73,637,444

UTILITIES — (2.6%)
	Centrica P.L.C.		6,879,108		3,440,628
	Drax Group P.L.C.		2,319,834		6,081,679
	Pennon Group P.L.C.		1,702,549		23,443,830
	Telecom Plus P.L.C.		425,895		7,099,580

TOTAL UTILITIES					40,065,717

TOTAL COMMON STOCKS Cost ($1,836,577,231)					1,511,886,175


				Value†
SECURITIES LENDING COLLATERAL — (2.3%)
@ §	The DFA Short Term Investment Fund		3,058,453		35,389,358

TOTAL INVESTMENTS — (100.0%) (Cost $1,871,958,338)				$	1,547,275,533

P.L.C.

Public Limited Company

SA	Special Assessment

»	Securities that have generally been fair value factored. See Note B to Financial Statements.

*	Non-Income Producing Securities.

#	Total or Partial Securities on Loan.

†	See Note B to Financial Statements.

@	Security purchased with cash collateral received from Securities on Loan.

§	Affiliated Fund.

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services		—	$	37,034,154		—	$	37,034,154
Consumer Discretionary		—		295,388,846		—		295,388,846
Consumer Staples		—		99,301,852		—		99,301,852
Energy		—		33,585,658		—		33,585,658
Financials		—		230,175,381		—		230,175,381
Health Care		—		53,668,319		—		53,668,319
Industrials		—		418,834,952		—		418,834,952
Information Technology		—		126,623,066		—		126,623,066
Materials		—		103,570,786		—		103,570,786
Real Estate		—		73,637,444		—		73,637,444

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Utilities		—	$	40,065,717		—	$	40,065,717
Securities Lending Collateral		—		35,389,358		—		35,389,358

TOTAL		—	$	1,547,275,533		—	$	1,547,275,533

See accompanying Notes to Financial Statements.

THE CONTINENTAL SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


		Shares		Value»
COMMON STOCKS — (90.3%)
AUSTRIA — (3.2%)
	Agrana Beteiligungs AG		83,141	$	1,529,662
	ANDRITZ AG		487,426		16,015,602
	Atrium European Real Estate, Ltd.		968,162		2,662,396
#	Austria Technologie & Systemtechnik AG		181,572		3,129,600
	CA Immobilien Anlagen AG		498,198		15,816,441
#	DO & CO AG		47,356		2,362,160
	EVN AG		235,387		3,678,186
#	FACC AG		172,930		1,385,171
#	Flughafen Wien AG		30,811		899,165
#	IMMOFINANZ AG		673,661		12,439,617
	Josef Manner & Co. AG		870		95,913
	Kapsch TrafficCom AG		36,036		703,342
#	Lenzing AG		92,289		5,274,884
#	Mayr Melnhof Karton AG		56,619		7,778,191
#	Oberbank AG		35,106		3,230,815
#	Oesterreichische Post AG		242,639		9,143,991
#	Palfinger AG		99,022		2,139,935
#	POLYTEC Holding AG		105,679		597,713
#	Porr AG		74,767		1,286,101
	Raiffeisen Bank International AG		1,506		25,994
#	Rosenbauer International AG		21,100		745,409
	S IMMO AG		365,438		6,785,422
#	S&T AG		337,476		7,432,640
#	Schoeller-Bleckmann Oilfield Equipment AG		73,866		2,182,457
# *	Semperit AG Holding		69,672		866,848
	Strabag SE		111,253		3,114,750
	Telekom Austria AG		1,099,338		7,734,456
	UBM Development AG		21,002		824,789
	UNIQA Insurance Group AG		1,094,990		7,382,437
	Vienna Insurance Group AG Wiener Versicherung Gruppe		278,008		5,556,889
#	voestalpine AG		628,989		13,036,423
	Wienerberger AG		617,965		11,574,052
*	Zumtobel Group AG		191,194		1,235,043

TOTAL AUSTRIA					158,666,494

BELGIUM — (3.6%)
	Ackermans & van Haaren NV		169,457		22,459,429
*	AGFA-Gevaert NV		1,327,123		5,257,160
*	Argenx SE		12,041		1,814,330
	Atenor		18,030		1,353,206
	Banque Nationale de Belgique		87		194,378
	Barco NV		65,948		10,520,277
	Bekaert SA		250,965		5,305,600
# *	Biocartis NV		227,423		1,242,762
	bpost SA		618,441		4,315,209
# *	Celyad SA		42,190		391,803
	Cie d’Entreprises CFE		49,587		3,848,523
	Co.Br.Ha Societe Commerciale de Brasserie SA		62		205,209
	Deceuninck NV		435,935		663,887
	D’ieteren SA		195,103		9,777,461
	Econocom Group SA		727,792		1,400,796
	Elia Group SA		195,211		22,445,918
	Euronav NV		1,371,519		15,318,745
	EVS Broadcast Equipment SA		69,287		1,058,532
# *	Exmar NV		145,690		710,937

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
BELGIUM — (Continued)
	Fagron		280,259	$	6,319,269
	Gimv NV		100,219		5,506,004
#	Immobel SA		22,042		1,663,577
# *	Ion Beam Applications		125,553		1,041,424
	Jensen-Group NV		20,961		526,030
	Kinepolis Group NV		93,950		3,537,338
#	Lotus Bakeries NV		1,741		5,288,622
# *	MDxHealth		239,516		230,946
	Melexis NV		111,148		6,760,369
#	Ontex Group NV		484,468		8,834,328
	Orange Belgium SA		200,145		3,329,338
# *	Oxurion NV		128,049		396,522
	Picanol		26,948		1,685,759
	Recticel SA		272,024		2,043,748
	Resilux		5,788		867,828
	Roularta Media Group NV		19,318		292,342
	Sioen Industries NV		56,609		1,189,037
	Sipef NV		36,491		1,775,149
	Telenet Group Holding NV		156,890		6,552,813
	TER Beke SA		3,565		458,665
*	Tessenderlo Group SA		213,566		5,963,369
	Van de Velde NV		38,938		983,874
*	Viohalco SA		583,796		1,537,953

TOTAL BELGIUM					175,068,466

DENMARK — (4.8%)
*	Agat Ejendomme A.S.		307,965		89,058
*	ALK-Abello A.S.		43,541		11,075,942
	Alm Brand A.S.		556,674		4,362,294
	Ambu A.S., Class B		240,891		7,545,250
# *	Bang & Olufsen A.S.		250,669		780,589
*	BankNordik P/F		10,800		159,836
# *	Bavarian Nordic A.S.		330,635		7,790,391
*	Brodrene Hartmann A.S.		16,148		709,428
# *	Columbus A.S.		430,058		474,812
*	D/S Norden A.S.		212,406		2,985,365
# *	DFDS A.S.		306,367		7,777,285
	Djurslands Bank A.S.		8,970		308,045
*	Drilling Co. of 1972 A.S. (The)		62,683		1,474,795
*	FLSmidth & Co. A.S.		250,483		6,592,481
	Fluegger Group A.S.		4,198		177,529
*	GronlandsBANKEN A.S.		1,125		80,294
# *	H+H International A.S., Class B		111,938		1,470,796
*	Harboes Bryggeri A.S., Class B		17,239		128,945
# *	ISS A.S.		467,064		6,943,987
# *	Jeudan A.S.		38,740		1,316,781
*	Jyske Bank A.S.		495,225		13,367,563
	Lan & Spar Bank		4,981		322,271
	Matas A.S.		217,470		1,474,859
# *	Nilfisk Holding A.S.		197,207		2,793,273
# *	NKT A.S.		202,178		4,545,516
#	NNIT A.S.		69,757		1,194,207
#	Pandora A.S.		509,474		18,116,145
*	Parken Sport & Entertainment A.S.		37,197		393,518
	Per Aarsleff Holding A.S.		140,513		4,125,610
	Ringkjoebing Landbobank A.S.		197,323		12,386,607
# *	Roblon A.S., Class B		973		23,877
	Rockwool International A.S., Class A		993		192,905
	Rockwool International A.S., Class B		29,891		6,281,870

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
DENMARK — (Continued)
*	Royal Unibrew A.S.		347,808	$	26,908,597
	RTX A.S.		56,813		1,530,017
	Scandinavian Tobacco Group A.S., Class A		377,172		4,334,411
	Schouw & Co., A.S.		90,676		6,503,574
	SimCorp A.S.		282,473		26,091,698
#	Solar A.S., Class B		38,054		1,324,943
*	Spar Nord Bank A.S.		596,853		4,159,869
	Sydbank A.S.		502,266		8,299,103
# *	Tivoli A.S.		9,878		950,916
#	Topdanmark A.S.		467,367		18,866,343
#	TORM P.L.C		184,538		1,571,480
#	United International Enterprises, Ltd.		10,336		1,908,449
*	Vestjysk Bank A.S.		1,931,528		825,912
# *	Zealand Pharma A.S.		183,481		6,378,515

TOTAL DENMARK					237,115,951

FINLAND — (5.9%)
# *	Afarak Group Oyj		170,187		70,265
	Ahlstrom-Munksjo Oyj		196,599		2,732,748
	Aktia Bank Oyj		316,378		2,668,388
#	Alandsbanken Abp, Class B		21,354		371,729
	Alma Media Oyj		129,772		1,149,696
	Altia Oyj		7,929		66,503
	Apetit Oyj		19,668		187,983
	Asiakastieto Group Oyj		1,406		49,368
	Aspo Oyj		103,690		731,621
	Atria Oyj		85,658		883,315
# *	BasWare Oyj		51,269		1,370,724
#	Bittium Oyj		204,447		1,251,167
#	Cargotec Oyj, Class B		287,941		6,282,506
	Caverion Oyj		685,849		3,908,619
#	Citycon Oyj		507,252		3,350,502
	Digia Oyj		69,731		354,547
# *	Finnair Oyj		454,133		1,809,338
#	Fiskars Oyj Abp		212,834		2,450,979
*	F-Secure Oyj		647,558		1,949,665
	Glaston Oyj ABP		9,217		6,595
*	HKScan Oyj, Class A		247,021		581,559
	Huhtamaki Oyj		689,459		25,733,407
	Ilkka-Yhtyma Oyj		61,503		219,647
	Kemira Oyj		725,739		8,730,662
	Kesko Oyj, Class A		212,220		3,454,768
	Kesko Oyj, Class B		1,512,192		24,639,804
	Konecranes Oyj		473,271		10,271,966
	Lassila & Tikanoja Oyj		210,288		2,943,393
# *	Lehto Group Oyj		129,587		202,879
#	Metsa Board Oyj		1,399,923		9,750,976
	Metso Oyj		667,333		18,514,555
#	Nokian Renkaat Oyj		883,124		18,762,255
	Olvi Oyj, Class A		95,688		4,040,730
	Oriola Oyj, Class A		6,054		14,130
	Oriola Oyj, Class B		914,957		2,102,990
#	Orion Oyj, Class A		143,951		7,113,326
	Orion Oyj, Class B		661,199		33,601,033
#	Outokumpu Oyj		2,773,820		7,378,013
#	Outotec Oyj		1,103,759		4,600,455
*	Pihlajalinna Oyj		77,064		1,257,573
#	Ponsse Oyj		73,654		1,903,929
*	QT Group Oyj		56,327		1,406,279

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
FINLAND — (Continued)
	Raisio Oyj, Class V		926,190	$	3,437,490
	Rapala VMC Oyj		113,078		303,823
	Raute Oyj, Class A		2,644		57,190
#	Revenio Group Oyj		131,150		3,553,337
	Sanoma Oyj		748,006		6,753,730
*	Stockmann Oyj Abp, Class A		49,045		85,482
# *	Stockmann Oyj Abp, Class B		189,838		145,249
	Teleste Oyj		52,966		225,764
*	Terveystalo Oyj		4,520		47,294
	TietoEVRY Oyj		395,814		9,644,632
#	Tikkurila Oyj		245,413		3,209,924
	Tokmanni Group Corp.		342,463		4,165,975
#	Uponor Oyj		368,915		4,136,620
#	Vaisala Oyj, Class A		120,241		3,808,132
#	Valmet Oyj		947,069		21,658,579
*	Viking Line Abp		7,869		133,664
	Wartsila Oyj Abp		247,209		1,814,570
#	YIT Oyj		1,345,770		7,376,913

TOTAL FINLAND					289,428,955

FRANCE — (9.1%)
	ABC arbitrage		99,407		679,580
	Actia Group		51,304		128,402
# *	Air France-KLM		1,251,427		6,380,647
	Akka Technologies		73,746		2,347,404
	AKWEL		61,489		769,069
	Albioma SA		189,410		6,273,234
	Altamir		136,094		2,270,720
	Alten SA		164,730		11,860,201
# *	Amplitude Surgical SAS		19,526		22,196
	Assystem SA		61,967		1,390,691
	Aubay		41,374		1,078,513
	Axway Software SA		38,973		638,663
# *	Bastide le Confort Medical		18,680		661,591
#	Beneteau SA		236,902		1,500,055
	Bigben Interactive		94,289		1,221,886
	Boiron SA		39,840		1,466,939
#	Bonduelle SCA		93,424		2,043,732
*	Bourbon Corp.		28,851		0
	Burelle SA		1,134		702,721
#	Casino Guichard Perrachon SA		271,603		10,195,131
	Catering International Services		14,124		129,984
*	Cegedim SA		32,518		977,449
*	CGG SA		4,579,186		5,788,071
#	Chargeurs SA		123,053		2,334,892
	Cie des Alpes		68,915		1,290,488
#	Cie Plastic Omnium SA		387,480		7,337,226
*	Coface SA		675,388		3,972,410
#	Derichebourg SA		674,728		1,893,289
#	Devoteam SA		34,374		2,616,476
	Electricite de Strasbourg SA		21,351		2,464,397
#	Elior Group SA		832,593		5,499,084
	Elis SA		1,122,246		13,832,902
# *	EOS Imaging SA		7,580		11,704
#	Eramet		50,163		1,579,677
# *	Erytech Pharma SA		3,609		38,895
*	Esso SA Francaise		18,139		338,812
#	Etablissements Maurel et Prom SA		294,902		549,836
#	Europcar Mobility Group		650,431		1,212,433

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
FRANCE — (Continued)
#	Eutelsat Communications SA		1,257,038	$	14,074,155
*	Exel Industries, Class A		10,459		477,529
	Faurecia SE		185,672		6,652,893
	Fleury Michon SA		6,124		146,294
*	Fnac Darty S.A.		124,919		4,037,166
	Gaumont SA		11,360		1,259,729
	Gaztransport Et Technigaz SA		130,815		9,483,695
	GEA		2,433		251,893
	Gevelot SA		1,551		261,580
	GL Events		64,356		770,862
	Groupe Crit		23,123		1,282,533
	Groupe Gorge		18,760		269,125
	Groupe Open		30,206		252,654
	Groupe SFPI		29,940		38,803
	Guerbet		38,504		1,214,492
#	Haulotte Group SA		73,020		319,198
	HERIGE SADCS		4,147		104,351
	HEXAOM		15,908		444,994
*	ID Logistics Group		14,640		2,725,207
	Iliad SA		60,896		9,068,680
#	Imerys SA		208,694		6,547,265
	Ingenico Group SA		410,246		51,616,231
# *	Innate Pharma SA		15,558		109,475
	IPSOS		248,613		4,787,137
	Jacquet Metal Service SA		87,314		889,831
#	JCDecaux SA		95,199		1,970,579
#	Kaufman & Broad SA		123,481		4,462,539
	Korian SA		369,269		12,402,791
#	Lagardere SCA		606,564		9,851,208
	Lanson-BCC		8,795		211,877
	Laurent-Perrier		13,890		1,171,282
	Le Belier		10,566		372,370
	Lectra		166,120		2,615,179
	Linedata Services		14,505		365,291
	LISI		114,546		1,852,681
	LNA Sante SA		33,206		1,472,883
#	Maisons du Monde SA		283,561		2,551,000
	Manitou BF SA		66,010		1,011,378
	Manutan International		15,102		793,076
	Mersen SA		125,066		2,759,695
*	METabolic EXplorer SA		156,395		251,236
	Metropole Television SA		246,120		2,739,521
	Nexans SA		218,300		7,775,455
	Nexity SA		302,767		9,287,001
# *	Nicox		145,865		642,574
	NRJ Group		81,965		455,407
#	Oeneo SA		137,066		1,623,110
*	OL Groupe SA		10,735		25,766
# *	Onxeo SA		246,319		131,162
# *	Onxeo SA		48,958		26,951
*	Pierre & Vacances SA		29,600		451,812
#	Plastivaloire		50,406		216,922
	Quadient		285,717		3,945,691
#	Rallye SA		156,235		1,334,844
# *	Recylex SA		102,008		224,059
	Rexel SA		2,202,448		20,570,368
#	Robertet SA		2,749		2,397,564
	Rothschild & Co.		108,962		2,154,792
	Rubis SCA		567,106		25,407,772

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
FRANCE — (Continued)
	Samse SA		8,068	$	1,007,396
	Savencia SA		33,976		2,010,739
	SCOR SE		10,160		286,255
	Seche Environnement SA		18,630		720,024
	SES SA		898,721		5,987,268
	Societe BIC SA		174,701		8,739,053
# *	Societe des Bains de Mer et du Cercle des Etrangers a Monaco		58,250		3,246,617
	Societe Marseillaise du Tunnel Prado-Carenage SA		5,211		103,368
#	Societe pour l’Informatique Industrielle		41,811		813,716
*	SOITEC		131,952		12,133,140
# *	Solocal Group		4,209,627		715,933
	Somfy SA		97,175		8,133,829
	Sopra Steria Group		109,236		12,933,604
	SPIE SA		840,293		12,667,073
# *	SRP Groupe SA		53,256		53,045
	Stef SA		26,545		1,997,753
	Sword Group		38,195		1,087,386
	Synergie SA		67,143		1,469,205
	Tarkett SA		220,978		2,185,364
# *	Technicolor SA		2,040,996		471,440
	Television Francaise 1		499,312		2,444,638
	TFF Group		12,398		379,642
#	Thermador Groupe		37,127		1,795,044
	Total Gabon		3,766		428,406
	Trigano SA		53,337		3,925,075
#	Union Financiere de France BQE SA		18,515		313,780
	Valeo SA		62,834		1,440,336
# *	Vallourec SA		1,969,895		2,347,706
*	Valneva SE		69,195		317,364
	Vetoquinol SA		19,343		1,215,436
	Vicat SA		126,485		3,549,688
	VIEL & Cie SA		162,802		874,855
	Vilmorin & Cie SA		35,656		1,425,740
*	Virbac SA		21,378		4,215,625
#	Vranken-Pommery Monopole SA		22,338		353,735
	XPO Logistics Europe SADIR		33		8,817

TOTAL FRANCE					445,909,103

GERMANY — (14.3%)
	1&1 Drillisch AG		188,764		4,392,196
	7C Solarparken AG		20,272		74,692
	Aareal Bank AG		462,545		7,534,377
*	Adler Modemaerkte AG		47,849		163,308
#	ADO Properties SA		318,622		8,926,354
# *	ADVA Optical Networking SE		357,523		2,338,733
# *	AIXTRON SE		549,541		5,107,279
	All for One Group AG		4,222		172,342
#	Allgeier SE		45,266		1,472,926
	Amadeus Fire AG		39,342		4,051,386
	Aroundtown SA		728,367		3,917,796
	Atoss Software AG		2,385		479,418
	Aurubis AG		296,684		15,380,252
	Basler AG		31,331		1,603,077
	Bauer AG		81,201		926,879
	BayWa AG		105,190		3,086,069
	BayWa AG		124		3,997
	Bechtle AG		219,385		31,726,910
#	Bertrandt AG		41,784		1,608,379
#	bet-at-home.com AG		20,016		867,283

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
GERMANY — (Continued)
	Bijou Brigitte AG		22,688	$	739,927
	Bilfinger SE		227,451		4,277,283
	Borussia Dortmund GmbH & Co. KGaA		567,421		4,000,055
	CANCOM SE		231,981		11,810,353
*	CECONOMY AG		1,081,753		2,769,092
	CENIT AG		53,174		570,190
	Centrotec SE		19,284		270,385
	Cewe Stiftung & Co. KGAA		43,389		4,515,840
	comdirect bank AG		193,071		2,770,791
	Commerzbank AG		795,537		2,933,091
	CompuGroup Medical SE		178,844		13,591,840
#	Corestate Capital Holding SA		77,099		1,587,490
	CropEnergies AG		174,859		1,380,324
	CTS Eventim AG & Co. KGaA		416,756		17,325,294
	Data Modul AG Produktion Und Vertrieb Von Elektronischen Systemen		11,455		480,845
	Deutsche Beteiligungs AG		95,431		3,232,337
#	Deutsche EuroShop AG		358,182		5,158,464
	Deutsche Pfandbriefbank AG		1,030,684		7,575,646
	Deutz AG		1,023,677		3,934,733
	DIC Asset AG		422,113		5,594,339
	DMG Mori AG		15,692		705,004
#	Dr Hoenle AG		35,520		1,421,210
	Draegerwerk AG & Co. KGaA		19,652		1,373,866
	Duerr AG		387,318		9,037,943
	Eckert & Ziegler Strahlen- und Medizintechnik AG		26,179		3,767,489
	EDAG Engineering Group AG		51,353		386,243
	Elmos Semiconductor AG		29,640		590,381
# *	ElringKlinger AG		204,148		1,108,648
	Energiekontor AG		2,066		41,228
# *	Evotec SE		10,103		249,296
# *	Ferratum Oyj		64,645		337,930
	Fielmann AG		140,805		9,258,646
	First Sensor AG		44,242		1,844,121
	FORTEC Elektronik AG		372		6,271
	Francotyp-Postalia Holding AG, Class A		55,619		178,595
	Fraport AG Frankfurt Airport Services Worldwide		65,395		2,864,526
	Freenet AG		1,025,255		19,449,778
	Fuchs Petrolub SE		99,423		3,323,867
	GEA Group AG		879,706		20,187,392
	Gerresheimer AG		254,880		20,270,422
#	Gesco AG		56,186		956,985
	GFT Technologies SE		123,639		1,130,494
	Grand City Properties SA		809,750		16,933,419
*	H&R GmbH & Co. KGaA		70,150		317,538
	Hamburger Hafen und Logistik AG		182,626		2,971,431
	Hapag-Lloyd AG		38,053		5,451,414
	Hawesko Holding AG		52		1,829
# *	Heidelberger Druckmaschinen AG		1,970,702		1,400,423
	Hella GmbH & Co KGaA		244,119		8,980,892
	Highlight Communications AG		98,406		366,935
	HolidayCheck Group AG		232,156		320,636
	Hornbach Baumarkt AG		48,810		1,054,403
	Hornbach Holding AG & Co. KGaA		39,996		2,283,285
	Hugo Boss AG		457,342		12,697,804
*	Hypoport SE		2,176		767,129
	Indus Holding AG		133,724		4,115,931
	Isra Vision AG		115,594		6,333,682
	IVU Traffic Technologies AG		50,314		715,434
	Jenoptik AG		383,317		7,894,357

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
GERMANY — (Continued)
	JOST Werke AG		1,343	$	36,384
#	K+S AG		1,465,860		9,859,842
	Kampa AG		7,101		0
	KION Group AG		27,696		1,373,783
#	Kloeckner & Co. SE		574,666		2,355,215
#	Koenig & Bauer AG		93,517		1,922,853
	Krones AG		112,705		6,790,941
	KSB SE & Co. KGaA		3,466		849,007
#	KWS Saat SE & Co., KGaA		80,774		4,643,864
	Lanxess AG		602,345		29,638,624
#	Leifheit AG		60,321		1,285,946
# *	Leoni AG		242,169		1,662,349
*	LPKF Laser & Electronics AG		88,339		1,908,213
# *	Manz AG		30,876		480,550
	MasterFlex SE		21,291		98,999
	Mediclin AG		88,966		418,697
# *	Medigene AG		102,662		485,794
	METRO AG		553,216		4,833,606
	MLP SE		415,870		2,142,781
	Nemetschek SE		193,393		12,167,297
	New Work SE		20,200		4,800,951
	Nexus AG		87,391		3,352,687
*	Nordex SE		508,398		4,087,857
	Norma Group SE		235,465		5,897,220
	OHB SE		38,414		1,444,290
# *	OSRAM Licht AG		602,174		26,498,333
#	Paragon GmbH & Co. KGaA		14,660		198,634
	Patrizia AG		349,841		7,811,733
	Pfeiffer Vacuum Technology AG		52,803		8,700,589
#	PNE AG		493,007		2,342,636
	Progress-Werk Oberkirch AG		8,558		170,476
#	ProSiebenSat.1 Media SE		1,254,182		12,533,836
	PSI Software AG		50,278		1,071,274
#	QSC AG		724,521		934,018
*	R Stahl AG		14,952		372,323
	Rheinmetall AG		315,288		21,338,429
	RHOEN-KLINIKUM AG		232,537		4,628,879
# *	RIB Software SE		292,708		9,282,908
*	Rocket Internet SE		470,297		9,892,966
	SAF-Holland SE		355,988		1,831,830
	Salzgitter AG		298,029		3,981,740
*	Schaltbau Holding AG		32,728		936,331
	Schloss Wachenheim AG		8,017		110,580
	Scout24 AG		135,854		8,882,858
#	Secunet Security Networks AG		6,248		1,026,049
# *	SGL Carbon SE		293,218		908,083
# *	Shop Apotheke Europe NV		24,816		1,836,738
#	Siltronic AG		148,532		12,715,814
*	Sixt Leasing SE		65,947		1,300,824
	Sixt SE		95,154		6,477,269
*	SMA Solar Technology AG		87,177		2,774,538
# *	SMT Scharf AG		22,763		227,084
	Softing AG		26,963		185,779
	Software AG		359,622		12,769,768
	Stabilus SA		170,155		7,268,102
	STRATEC SE		24,591		2,328,897
#	Stroeer SE & Co. KGaA		200,696		12,702,198
	Suedzucker AG		549,899		7,275,534
# *	SUESS MicroTec SE		134,313		1,256,188

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
GERMANY — (Continued)
	Surteco Group SE		46,502	$	1,004,061
	Syzygy AG		2,030		12,995
	TAG Immobilien AG		954,559		20,908,346
	Takkt AG		205,056		1,666,145
	Technotrans SE		45,769		649,563
# *	Tele Columbus AG		296,432		763,950
	Traffic Systems SE		35,766		947,894
	United Internet AG		105,888		3,643,451
#	VERBIO Vereinigte BioEnergie AG		151,277		1,373,572
	Vossloh AG		69,747		2,633,974
	Wacker Chemie AG		56,738		3,308,269
#	Wacker Neuson SE		217,489		2,700,278
	Washtec AG		76,788		3,029,716
	Wuestenrot & Wuerttembergische AG		112,263		1,978,581
	Zeal Network SE		53,361		1,667,779

TOTAL GERMANY					700,848,411

GREECE — (0.0%)
	Alfa Alfa Energy SA		3,810		0
*	Babis Vovos International Construction SA		21,073		0
*	Elektroniki Athinon SA		7,497		0
*	Neorion Holdings SA		14,991		0

TOTAL GREECE					0

IRELAND — (0.5%)
*	AIB Group P.L.C.		10,102		13,979
	Bank of Ireland Group P.L.C.		3,513,945		7,210,959
	C&C Group P.L.C.		848,523		2,080,326
	Cairn Homes P.L.C.		1,502,798		1,400,262
# *	Datalex P.L.C.		107,125		20,168
*	FBD Holdings P.L.C.		125,459		901,189
*	FBD Holdings P.L.C.		17,353		138,128
	Glanbia P.L.C.		305,011		3,246,021
	Glanbia P.L.C.		700,613		7,480,034
	Irish Continental Group P.L.C.		583,096		2,204,581
	Irish Continental Group P.L.C.		234,200		914,369
*	Permanent TSB Group Holdings P.L.C.		229,967		126,854

TOTAL IRELAND					25,736,870

ISRAEL — (3.3%)
#	Adgar Investment and Development, Ltd.		39,391		64,314
*	Afcon Holdings, Ltd.		3,064		107,415
*	AFI Properties, Ltd.		99,961		3,041,931
	Africa Israel Residences, Ltd.		2,237		60,255
*	Airport City, Ltd.		317,948		4,823,847
*	Allot, Ltd.		188,324		2,155,790
	Alrov Properties and Lodgings, Ltd.		49,397		1,416,189
	Amot Investments, Ltd.		51,075		286,865
#	Arad, Ltd.		18,409		296,895
*	Arko Holdings, Ltd.		1,444,421		390,402
#	Ashtrom Group, Ltd.		122,471		1,819,836
#	Ashtrom Properties, Ltd.		219,123		1,116,129
	Atreyu Capital Markets, Ltd.		2,154		35,955
	AudioCodes, Ltd.		180,960		5,360,854
*	Avgol Industries 1953, Ltd.		468,925		340,169
*	Azorim-Investment Development & Construction Co., Ltd.		493,160		989,851
	Bayside Land Corp.		6,600		3,932,440
#	Bet Shemesh Engines Holdings 1997, Ltd.		21,702		496,771

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
ISRAEL — (Continued)
	Big Shopping Centers, Ltd.		32,885	$	2,630,737
	Blue Square Real Estate, Ltd.		36,427		1,673,678
*	Bonus Biogroup, Ltd.		613,036		68,659
*	Brack Capital Properties NV		18,347		1,667,785
# *	Brainsway, Ltd.		54,222		232,770
	Camtek, Ltd.		113,800		1,191,410
	Carasso Motors, Ltd.		118,785		371,157
# *	Cellcom Israel, Ltd.		488,140		1,797,481
# *	Ceragon Networks, Ltd.		266,244		617,686
*	Clal Insurance Enterprises Holdings, Ltd.		301,040		2,991,408
# *	Compugen, Ltd.		199,256		2,933,145
#	Danel Adir Yeoshua, Ltd.		21,864		1,982,467
#	Delek Automotive Systems, Ltd.		223,263		1,175,610
	Delek Group, Ltd.		323		14,707
#	Delta-Galil Industries, Ltd.		70,358		1,252,856
# *	Dor Alon Energy in Israel 1988, Ltd.		13,423		271,486
	Duniec Brothers, Ltd.		304		9,669
# *	El Al Israel Airlines		1,449,354		322,763
	Electra Consumer Products 1970, Ltd.		53,953		1,036,855
# *	Electra Real Estate, Ltd.		23,236		135,479
#	Electra, Ltd.		12,544		5,753,777
*	Energix-Renewable Energies, Ltd.		954,101		3,326,468
# *	Enlight Renewable Energy, Ltd.		2,163,770		2,659,825
# *	Equital, Ltd.		115,838		2,880,829
*	Evogene, Ltd.		79,189		87,157
	First International Bank Of Israel, Ltd.		28,146		694,283
	FMS Enterprises Migun, Ltd.		19,186		671,504
#	Formula Systems 1985, Ltd.		62,881		4,197,997
#	Fox Wizel, Ltd.		57,376		2,148,871
	Gilat Satellite Networks, Ltd.		225,761		1,942,229
#	Hadera Paper, Ltd.		24,532		1,140,356
# *	Hamlet Israel-Canada, Ltd.		32,585		568,868
	Harel Insurance Investments & Financial Services, Ltd.		838,296		5,397,401
	Hilan, Ltd.		100,860		3,976,270
#	IDI Insurance Co., Ltd.		44,734		1,375,140
	IES Holdings, Ltd.		322		16,952
#	Inrom Construction Industries, Ltd.		357,290		1,313,645
# *	Intercure, Ltd.		52,127		65,838
#	Israel Canada T.R, Ltd.		131,507		220,044
#	Israel Land Development - Urban Renewal, Ltd.		37,207		329,889
	Isras Investment Co., Ltd.		5,465		1,013,345
#	Issta Lines, Ltd.		12,135		171,385
*	Kamada, Ltd.		212,977		1,622,779
	Kenon Holdings, Ltd.		124,381		2,528,550
	Kerur Holdings, Ltd.		31,762		947,972
*	Klil Industries, Ltd.		5,696		419,917
#	Magic Software Enterprises, Ltd.		133,913		1,220,824
	Malam - Team, Ltd.		276		53,944
	Matrix IT, Ltd.		232,691		4,510,532
	Maytronics, Ltd.		285,819		2,158,099
#	Mediterranean Towers, Ltd.		373,415		895,107
#	Mega Or Holdings, Ltd.		81,523		2,045,478
# *	Mehadrin, Ltd.		3,072		98,978
	Meitav Dash Investments, Ltd.		116,200		275,194
	Melisron, Ltd.		25,603		1,030,541
	Menora Mivtachim Holdings, Ltd.		181,682		2,425,053
	Migdal Insurance & Financial Holdings, Ltd.		2,542,729		1,627,214
	Minrav Holdings, Ltd.		263		36,837
*	Mivne Real Estate KD, Ltd.		721,862		1,550,591

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
ISRAEL — (Continued)
#	Mivtach Shamir Holdings, Ltd.		24,697	$	431,425
*	Naphtha Israel Petroleum Corp., Ltd.		244,337		1,263,028
# *	Nawi Brothers, Ltd.		116,369		534,138
#	Neto ME Holdings, Ltd.		9,545		546,494
*	Nova Measuring Instruments, Ltd.		183,116		7,328,221
#	NR Spuntech Industries, Ltd.		76,176		163,029
#	Oil Refineries, Ltd.		9,609,293		2,655,591
#	One Software Technologies, Ltd.		1,946		144,368
#	OPC Energy, Ltd.		50,409		390,651
# *	Partner Communications Co., Ltd.		806,477		3,516,560
#	Paz Oil Co., Ltd.		60,870		5,304,040
*	Perion Network, Ltd.		25,242		127,284
	Phoenix Holdings, Ltd. (The)		571,475		3,005,304
	Plasson Industries, Ltd.		20,585		774,700
*	Pluristem Therapeutics, Inc.		3,536		33,691
	Rami Levy Chain Stores Hashikma Marketing 2006, Ltd.		51,193		3,342,733
#	Scope Metals Group, Ltd.		47,147		947,797
	Shapir Engineering and Industry, Ltd.		439,135		3,078,584
#	Shikun & Binui, Ltd.		1,337,236		5,550,279
	Shufersal, Ltd.		667,230		4,282,219
	Summit Real Estate Holdings, Ltd.		213,301		2,664,593
*	Suny Cellular Communication, Ltd.		473,129		146,874
	Tadiran Holdings, Ltd.		15,407		618,352
*	Tower Semiconductor, Ltd.		67,252		1,317,460
	Union Bank of Israel		199,952		925,891
#	YH Dimri Construction & Development, Ltd.		10,575		320,393

TOTAL ISRAEL					161,927,098

ITALY — (8.9%)
# *	A.S. Roma SpA		856,401		371,783
	A2A SpA		10,326,675		14,077,399
	ACEA SpA		380,144		6,353,941
# *	Aeffe SpA		255,006		299,479
	Amplifon SpA		586,701		13,430,335
	Anima Holding SpA		2,118,887		7,501,396
#	Aquafil SpA		77,554		293,196
*	Arnoldo Mondadori Editore SpA		1,148,974		1,563,308
	Ascopiave SpA		447,763		1,639,209
	Autogrill SpA		898,125		4,651,568
	Autostrade Meridionali SpA		3,917		93,042
	Avio SpA		104,775		1,572,284
	Azimut Holding SpA		760,464		12,959,610
	B&C Speakers SpA		19,155		178,259
# *	Banca Carige SpA		148,414,098		45,539
	Banca Farmafactoring SpA		754,049		3,893,621
	Banca Finnat Euramerica SpA		616,149		143,154
	Banca Generali SpA		362,225		9,005,098
	Banca IFIS SpA		163,757		1,601,569
# *	Banca Monte dei Paschi di Siena SpA		213,039		259,928
	Banca Popolare di Sondrio SCPA		3,178,350		5,045,872
#	Banca Profilo SpA		1,814,636		296,943
	Banca Sistema SpA		379,814		553,192
# *	Banco BPM SpA		11,342,409		13,863,114
#	Banco di Desio e della Brianza SpA		238,796		684,702
	BasicNet SpA		169,875		648,396
	BE SpA		533,191		596,004
#	Biesse SpA		101,093		913,275
	BPER Banca		3,093,895		7,649,142
	Brunello Cucinelli SpA		250,422		8,075,389

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
ITALY — (Continued)
	Buzzi Unicem SpA		4,665	$	48,750
	Buzzi Unicem SpA		630,912		12,377,866
#	Cairo Communication SpA		562,897		1,015,186
	Carel Industries SpA		1,744		25,977
# *	Carraro SpA		162,374		258,037
	Cembre SpA		3,547		57,952
	Cementir Holding NV		333,699		2,044,242
	Cerved Group SpA		1,357,497		9,247,914
	CIR SpA-Compagnie Industriali		5,326,857		2,363,133
	Credito Emiliano SpA		599,354		2,656,653
*	Credito Valtellinese SpA		48,118,993		2,431,171
# *	d’Amico International Shipping SA		2,577,810		315,913
	Danieli & C Officine Meccaniche SpA		27,670		205,503
#	Danieli & C Officine Meccaniche SpA		102,606		1,304,163
	Datalogic SpA		125,257		1,718,618
#	De’ Longhi SpA		418,771		7,568,962
	DeA Capital SpA		736,902		1,045,717
	doValue SpA		91,984		678,184
	El.En. SpA		29,153		609,598
*	Elica SpA		192,920		625,190
	Emak SpA		388,913		255,589
	Enav SpA		1,338,949		6,000,836
	ERG SpA		407,695		7,325,133
	Esprinet SpA		221,349		1,045,776
# *	Eurotech SpA		233,961		1,552,166
	Falck Renewables SpA		983,539		4,834,111
	Fiera Milano SpA		107,924		399,013
#	Fila SpA		142,640		1,289,120
# *	Fincantieri SpA		3,504,948		2,716,620
#	Finmatica SpA		5,960		0
	FNM SpA		1,412,345		671,033
#	Freni Brembo SpA		1,117,739		9,482,097
# *	GEDI Gruppo Editoriale SpA		927,122		466,373
#	Gefran SpA		37,987		220,846
#	Geox SpA		577,144		461,424
	Gruppo MutuiOnline SpA		164,315		2,984,426
*	Guala Closures SpA		56,729		396,883
	Hera SpA		4,939,246		18,283,795
	Illimity Bank SpA		162,620		1,090,111
#	IMA Industria Macchine Automatiche SpA		126,942		8,653,432
# *	IMMSI SpA		1,233,569		487,560
# *	Intek Group SpA		1,988,916		435,618
	Interpump Group SpA		550,629		16,066,421
	Iren SpA		4,407,993		10,869,532
	Italgas SpA		3,480,238		19,499,148
#	Italmobiliare SpA		76,176		2,279,693
	IVS Group SA		58,424		400,149
# *	Juventus Football Club SpA		2,997,765		2,971,116
	La Doria SpA		87,297		926,666
	Leonardo SpA		600,493		4,147,055
	LU-VE SpA		5,064		64,032
# *	Maire Tecnimont SpA		1,041,321		2,020,296
#	Mariella Burani Fashion Group S.p.A.		22,744		0
	MARR SpA		228,828		3,014,761
	Massimo Zanetti Beverage Group SpA		65,668		259,553
# *	Mediaset SpA		3,709,525		7,541,567
# *	Mondo TV SpA		38,811		74,528
#	Openjobmetis SpA agenzia per il lavoro		63,025		385,571
# *	OVS SpA		1,400,107		1,206,721

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
ITALY — (Continued)
	Piaggio & C SpA		1,243,896	$	2,851,795
#	Pirelli & C SpA		2,304,139		8,922,536
#	Prima Industrie SpA		38,818		565,134
#	Prysmian SpA		1,011,006		19,075,650
	RAI Way SpA		552,918		2,980,805
	Reno de Medici SpA		1,173,753		903,098
	Reply SpA		147,531		10,327,718
	Retelit SpA		769,328		1,295,194
	Richard-Ginori 1735 SpA		8,489		0
#	Rizzoli Corriere Della Sera Mediagroup SpA		1,063,177		830,888
	Sabaf SpA		49,948		601,514
	SAES Getters SpA		27,092		655,852
# *	Safilo Group SpA		233,748		175,660
# *	Saipem SpA		4,506,646		11,567,030
*	Salini Impregilo SpA		1,282,257		1,898,114
#	Salvatore Ferragamo SpA		361,379		4,486,189
	Saras SpA		4,332,605		4,091,564
#	Servizi Italia SpA		62,874		193,010
	Sesa SpA		49,781		2,654,075
	Societa Cattolica di Assicurazioni SC		1,217,457		6,745,111
# *	Sogefi SpA		332,859		316,718
	SOL SpA		161,642		1,746,765
#	Tamburi Investment Partners SpA		827,805		5,354,480
	Technogym SpA		631,612		4,671,890
	Tinexta S.p.A		122,766		1,631,378
#	Tod’s SpA		67,887		2,078,787
#	TXT e-solutions SpA		43,931		378,876
	Unieuro SpA		66,937		584,721
#	Unione di Banche Italiane SpA		7,777,728		22,296,206
	Unipol Gruppo SpA		3,109,522		10,729,077
	Zignago Vetro SpA		189,132		2,350,137

TOTAL ITALY					438,597,219

NETHERLANDS — (7.4%)
#	Aalberts NV		720,308		20,283,657
*	Accell Group NV		145,492		2,718,860
	AFC Ajax NV		13,955		219,799
*	Altice Europe NV		3,929,414		15,677,179
*	Altice Europe NV, Class B		143,350		574,008
#	AMG Advanced Metallurgical Group NV		184,488		3,104,134
	Amsterdam Commodities NV		119,479		2,574,103
	APERAM SA		379,216		9,825,803
#	Arcadis NV		528,120		8,210,753
*	Argenx SE		40,505		6,057,455
	ASM International NV		322,669		35,674,395
	ASR Nederland NV		873,857		23,418,651
	Atag Group NV		4,630		0
*	Basic-Fit NV		181,929		3,695,645
#	BE Semiconductor Industries NV		550,104		22,766,489
# *	Beter Bed Holding NV		22,883		40,932
#	Boskalis Westminster		620,160		10,750,128
#	Brunel International NV		155,477		980,688
	Corbion NV		416,939		14,989,693
	Euronext NV		372,261		31,252,799
#	Flow Traders		223,910		7,469,548
#	ForFarmers NV		214,677		1,428,257
# *	Fugro NV		585,349		2,192,659
#	GrandVision NV		173,216		4,608,050
# *	Heijmans NV		157,571		1,099,810

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
NETHERLANDS — (Continued)
	Hunter Douglas NV		25,053	$	1,167,610
#	IMCD NV		357,089		31,532,400
#	Intertrust NV		466,539		7,342,452
*	Just Eat Takeaway.com NV		187,426		19,265,738
*	Kendrion NV		106,595		1,286,310
*	Koninklijke BAM Groep NV		1,855,013		3,099,090
	Koninklijke Vopak NV		162,508		9,348,569
*	Lucas Bols NV		20,321		185,680
*	Nederland Apparatenfabriek		33,400		1,271,744
# *	OCI NV		327,478		3,954,432
	Ordina NV		625,125		1,250,265
#	PostNL NV		3,372,376		5,810,777
#	SBM Offshore NV		1,334,375		16,913,324
#	SIF Holding NV		34,182		366,126
	Signify NV		780,137		15,880,734
#	Sligro Food Group NV		166,461		2,599,792
#	SNS NV		705,718		0
#	TKH Group NV		267,721		9,392,594
	TomTom NV		492,125		3,874,744
	Van Lanschot Kempen NV		76,871		1,180,664

TOTAL NETHERLANDS					365,336,540

NORWAY — (2.0%)
	ABG Sundal Collier Holding ASA		2,499,556		844,480
	AF Gruppen ASA		68,590		1,127,080
*	Akastor ASA		1,089,524		424,887
# *	Aker Solutions ASA		1,078,114		704,783
	American Shipping Co. ASA		216,951		554,753
# *	Archer, Ltd.		745,010		119,755
	Arendals Fossekompani A.S.		90		22,235
	Atea ASA		529,509		4,635,476
	Austevoll Seafood ASA		437,677		3,409,426
#	Avance Gas Holding, Ltd.		403,182		855,804
# *	Axactor SE		884,472		575,635
#	B2Holding ASA		1,521,728		613,676
#	Bonheur ASA		146,347		2,583,617
# *	Borr Drilling Ltd.		58,749		41,417
	Borregaard ASA		743,872		6,908,383
*	BW Energy, Ltd.		158,035		196,521
	BW LPG, Ltd.		685,466		2,338,713
*	BW Offshore, Ltd.		774,469		2,177,295
#	DNO ASA		3,438,430		1,553,498
	Europris ASA		1,186,781		4,355,876
#	FLEX LNG, Ltd.		204,822		1,059,926
	Frontline, Ltd.		457,298		4,288,670
	Grieg Seafood ASA		369,858		3,627,297
# *	Hexagon Composites ASA		640,597		1,742,019
	Hoegh LNG Holdings, Ltd.		277,075		301,127
*	IDEX ASA		506,708		84,244
	Itera ASA		10,713		9,691
# *	Kongsberg Automotive ASA		2,171,519		231,577
# *	Kvaerner ASA		1,594,303		987,209
	Magnora ASA		127,049		96,730
# *	NEL ASA		7,287,969		8,919,525
# *	Nordic Nanovector ASA		328,770		616,636
# *	Nordic Semiconductor ASA		1,018,555		5,976,470
#	Norway Royal Salmon ASA		92,448		1,874,782
# *	Norwegian Air Shuttle ASA		645,227		321,462
*	Norwegian Finans Holding ASA		671,029		3,580,486

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
NORWAY — (Continued)
#	Norwegian Property ASA		43,744	$	47,736
#	Ocean Yield ASA		427,818		1,109,293
# *	Odfjell Drilling, Ltd.		683,725		561,349
*	Odfjell SE, Class A		137,586		315,255
#	Olav Thon Eiendomsselskap ASA		118,760		1,527,986
*	Otello Corp. ASA		587,281		540,434
*	Panoro Energy ASA		53,125		39,759
# *	PGS ASA		2,380,755		850,082
# *	PhotoCure ASA		115,295		776,945
# *	Protector Forsikring ASA		438,078		1,473,456
*	Q-Free ASA		179,836		69,079
# *	REC Silicon ASA		1,473,908		459,235
*	Sbanken ASA		486,979		2,593,430
#	Scatec Solar ASA		559,055		8,139,001
	Selvaag Bolig ASA		313,829		1,300,447
	Solon Eiendom ASA		56,855		155,006
	Stolt-Nielsen, Ltd.		188,366		1,604,846
*	Subsea 7 SA		91,166		500,423
	TGS NOPEC Geophysical Co. ASA		12,586		192,749
	Treasure ASA		314,079		299,117
	Veidekke ASA		717,317		6,368,645
# *	Wallenius Wilhelmsen ASA		334,602		368,014
	Wilh Wilhelmsen Holding ASA, Class A		68,304		686,953
# *	XXL ASA		431,333		431,021

TOTAL NORWAY					98,171,422

PORTUGAL — (0.8%)
	Altri SGPS SA		541,780		2,859,398
	Banco Comercial Portugues SA, Class R		63,006,466		7,049,350
*	Banco Espirito Santo SA		4,777,921		0
#	CTT-Correios de Portugal SA		940,653		2,219,304
#	Ibersol SGPS SA		36,721		161,774
#	Mota-Engil SGPS SA		641,747		808,210
#	Navigator Co. SA (The)		1,838,891		4,777,964
	NOS SGPS SA		1,828,612		6,849,254
	Novabase SGPS SA		72,649		214,482
#	REN - Redes Energeticas Nacionais SGPS SA		3,010,364		8,154,028
	Semapa-Sociedade de Investimento e Gestao		173,756		1,714,909
	Sonae Capital SGPS SA		765,843		411,896
	Sonae SGPS SA		6,699,002		5,293,909

TOTAL PORTUGAL					40,514,478

SPAIN — (5.7%)
	Acciona SA		173,951		17,241,106
	Acerinox SA		1,153,704		8,691,040
# *	Adveo Group International SA		84,445		8,412
	Alantra Partners SA		70,405		881,321
	Almirall SA		415,709		5,361,023
*	Amper SA		5,396,257		1,003,294
	Applus Services SA		911,014		5,976,942
#	Atresmedia Corp. de Medios de Comunicacion SA		545,239		1,411,552
	Azkoyen SA		67,253		429,034
	Banco de Sabadell SA		24,460,882		10,141,385
#	Bankia SA		4,998,517		5,086,685
	Bankinter SA		3,364,750		13,890,431
	Bolsas y Mercados Espanoles SHMSF SA		501,422		18,296,087
# *	Caja de Ahorros del Mediterraneo		116,412		0
	Cellnex Telecom SA		4,239		221,720

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
SPAIN — (Continued)
	Cia de Distribucion Integral Logista Holdings SA		336,921	$	6,014,136
	CIE Automotive SA		424,373		7,393,531
	Construcciones y Auxiliar de Ferrocarriles SA		129,621		4,437,800
# *	Distribuidora Internacional de Alimentacion SA		207,031		29,972
	Ebro Foods SA		531,944		11,320,275
*	eDreams ODIGEO SA		424,956		997,076
	Elecnor SA		200,108		1,826,774
	Enagas SA		991,410		23,141,213
#	Ence Energia y Celulosa SA		988,129		3,175,717
#	Ercros SA		784,741		2,212,067
	Euskaltel SA		548,865		4,374,865
	Faes Farma SA		2,012,534		8,799,786
*	Fluidra SA		324,873		3,620,268
	Fomento de Construcciones y Contratas SA		335,082		3,182,448
	Gestamp Automocion SA		5,183		12,979
*	Global Dominion Access SA		695,411		2,139,466
	Grupo Catalana Occidente SA		254,842		4,952,709
# *	Grupo Empresarial San Jose SA		151,317		748,714
# *	Grupo Ezentis SA		1,629,459		539,601
	Iberpapel Gestion SA		47,911		1,069,972
*	Indra Sistemas SA		856,710		7,388,253
	Laboratorios Farmaceuticos Rovi SA		72,954		2,080,051
	Liberbank SA		13,690,046		2,738,162
*	Masmovil Ibercom SA		410,017		7,741,855
	Mediaset Espana Comunicacion SA		1,072,499		3,843,080
	Melia Hotels International SA		792,923		3,638,423
	Miquel y Costas & Miquel SA		142,923		1,786,507
*	Neinor Homes SA		17,930		157,098
*	Obrascon Huarte Lain SA		905,725		729,613
# *	Pharma Mar SA		1,314,720		7,860,377
	Prim SA		39,523		393,905
*	Promotora de Informaciones SA, Class A		2,268,277		1,498,807
	Prosegur Cia de Seguridad SA		1,794,584		3,957,792
*	Quabit Inmobiliaria SA		782,979		376,030
*	Realia Business SA		1,782,137		1,430,252
	Renta 4 Banco SA		442		2,910
	Sacyr S.A.		3,062,890		5,744,370
# *	Solaria Energia y Medio Ambiente SA		395,783		4,038,323
*	Talgo SA		615,814		2,981,209
*	Tecnicas Reunidas SA		195,397		2,994,328
	Tubacex SA		772,793		1,158,747
	Unicaja Banco SA		2,473,035		1,338,105
	Vidrala SA		117,537		10,529,031
	Viscofan SA		280,336		17,966,233
	Vocento SA		352,577		296,232
	Zardoya Otis SA		1,131,276		7,873,178

TOTAL SPAIN					279,172,272

SWEDEN — (7.0%)
	AcadeMedia AB		398,138		2,056,958
*	Adapteo Oyj		280,480		2,011,253
#	AddLife AB, Class B		54,845		1,736,880
	AddNode Group AB		84,058		1,445,021
	AddTech AB, Class B		376,635		10,210,789
*	AF POYRY AB		665,456		12,090,054
#	Alimak Group AB		253,043		2,718,486
	Ambea AB		7,111		34,843
*	Arise AB		36,861		129,176
	Arjo AB, Class B		898,834		4,439,319

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
SWEDEN — (Continued)
	Atrium Ljungberg AB, Class B		244,368	$	3,386,554
*	Attendo AB		680,729		2,587,121
	Avanza Bank Holding AB		687,653		8,308,089
	BE Group AB		27,710		81,045
	Beijer Alma AB		284,490		2,714,266
	Beijer Electronics Group AB		93,898		365,215
	Beijer Ref AB		313,900		6,449,853
	Bergman & Beving AB		193,579		1,140,536
	Besqab AB		21,962		219,082
#	Betsson AB		977,562		5,508,750
	Bilia AB, Class A		659,191		4,470,497
	BillerudKorsnas AB		748,458		9,435,816
	BioGaia AB, Class B		122,544		5,905,081
	Biotage AB		456,538		5,643,563
	Bjorn Borg AB		99,769		119,356
	Bonava AB, Class B		458,773		2,223,587
*	Bravida Holding AB		955,458		7,714,245
*	Bufab AB		216,961		1,749,035
# *	Bulten AB		119,933		625,872
	Bure Equity AB		449,636		8,209,851
# *	Byggmax Group AB		356,302		1,537,586
	Catena AB		152,830		4,863,002
*	Cavotec SA		79,682		132,082
	Clas Ohlson AB, Class B		148,783		1,305,767
*	Cloetta AB, Class B		1,667,143		3,839,082
# *	Collector AB		134,446		206,638
	Coor Service Management Holding AB		265,642		1,748,273
#	Corem Property Group AB, Class B		163,626		314,913
	Dios Fastigheter AB		868,442		5,347,669
*	Dometic Group AB		1,261,570		8,431,511
*	Doro AB		155,569		515,516
	Duni AB		220,953		1,813,322
#	Dustin Group AB		449,101		2,292,168
	Eastnine AB		126,421		1,444,906
	Elanders AB, Class B		54,920		280,394
# *	Eltel AB		201,453		409,135
# *	Enea AB		96,899		1,310,503
#	eWork Group AB		32,666		212,817
	Fagerhult AB		293,570		1,134,835
# *	Fingerprint Cards AB, Class B		634,700		997,687
	Granges AB		546,114		3,990,386
*	Gunnebo AB		247,275		440,208
	Haldex AB		276,371		1,002,735
	Heba Fastighets AB, Class B		133,938		1,163,637
*	Hexpol AB		147,016		1,056,198
	HIQ International AB		168,305		695,819
# *	HMS Networks AB		115,458		1,988,770
# *	Hoist Finance AB		515,550		1,419,819
	Humana AB		81,076		345,317
	Inwido AB		412,437		2,371,013
#	JM AB		525,001		9,729,498
#	Kindred Group P.L.C.		1,200,537		5,684,899
	Klovern AB, Class B		3,984,878		5,382,643
*	KNOW IT AB		201,771		2,965,360
	Kungsleden AB		1,454,309		11,075,218
	Lagercrantz Group AB, Class B		465,779		6,445,183
	Lindab International AB		603,188		5,527,001
	Loomis AB, Class B		256,870		6,263,965
# *	Medivir AB, Class B		169,635		283,087

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
SWEDEN — (Continued)
# *	Mekonomen AB		321,005	$	1,662,430
*	Modern Times Group MTG AB, Class B		337,189		3,392,312
	Momentum Group AB, Class B		184,982		1,684,007
#	Mycronic AB		487,750		8,147,701
#	NCC AB, Class B		112,716		1,718,332
# *	Nederman Holding AB		29,566		323,467
# *	Net Insight AB, Class B		1,129,868		209,207
#	New Wave Group AB, Class B		435,702		1,315,948
	Nobia AB		860,489		3,217,305
	Nobina AB		739,814		4,034,236
	Nolato AB, Class B		159,009		8,357,435
	Nordic Entertainment Group AB, Class B		51,345		1,216,949
	Nordic Waterproofing Holding A.S.		62,463		541,610
	NP3 Fastigheter AB		152,387		1,245,577
*	Nyfosa AB		1,252,852		7,670,987
*	OEM International AB, Class B		46,319		959,487
*	Pandox AB		23,104		244,812
	Peab AB, Class B		676,819		5,155,967
	Platzer Fastigheter Holding AB, Class B		249,458		1,915,307
	Pricer AB, Class B		892,974		1,797,771
	Proact IT Group AB		61,281		786,857
# *	Qliro Group AB		857,613		387,031
*	Ratos AB, Class B		1,503,826		3,559,707
*	RaySearch Laboratories AB		163,313		1,241,541
#	Recipharm AB, Class B		371,662		4,415,854
	Resurs Holding AB		622,116		2,289,088
	Rottneros AB		672,020		655,010
	Sagax AB, Class B		191,835		2,076,836
	Samhallsbyggnadsbolaget i Norden AB		4,902,905		9,494,754
# *	SAS AB		1,953,163		1,826,222
	Scandi Standard AB		399,701		2,613,085
	Scandic Hotels Group AB		185,586		850,279
	Sectra AB, Class B		111,168		4,725,521
*	Semcon AB		118,592		661,909
# *	Sensys Gatso Group AB		2,274,070		263,990
#	SkiStar AB		314,278		2,919,434
	Sweco AB, Class B		44,779		1,529,843
	Systemair AB		84,050		1,187,090
#	Thule Group AB		722,451		13,471,437
#	Troax Group AB		210,818		2,414,798
*	VBG Group AB, Class B		26,108		360,350
	Vitrolife AB		6,863		124,533
#	Wihlborgs Fastigheter AB		983,603		14,035,195

TOTAL SWEDEN					346,399,966

SWITZERLAND — (13.3%)
	Allreal Holding AG		114,189		21,209,678
	ALSO Holding AG		43,335		8,915,115
*	ams AG		1,516,165		19,902,480
	APG SGA SA		8,640		1,584,702
*	Arbonia AG		340,972		2,891,189
*	Aryzta AG		6,545,222		2,659,479
*	Ascom Holding AG		235,917		1,789,226
# *	Autoneum Holding AG		21,144		1,858,611
	Bachem Holding AG, Class B		3,642		860,349
	Banque Cantonale de Geneve		9,327		1,759,479
	Banque Cantonale du Jura SA		4,071		224,877
	Banque Cantonale Vaudoise		7,529		6,647,882
	Belimo Holding AG		3,028		20,159,196

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
SWITZERLAND — (Continued)
*	Bell Food Group AG		14,116	$	3,605,014
	Bellevue Group AG		56,426		1,268,636
	Berner Kantonalbank AG		28,789		6,712,441
	BKW AG		153,128		12,421,103
#	Bobst Group SA		64,411		3,215,221
	Bossard Holding AG, Class A		43,180		5,385,526
	Bucher Industries AG		54,197		15,285,454
	Burckhardt Compression Holding AG		541		109,774
	Burkhalter Holding AG		28,978		1,876,026
	Calida Holding AG		32,749		1,007,031
#	Carlo Gavazzi Holding AG		2,982		557,364
	Cembra Money Bank AG		187,433		17,818,848
#	Cicor Technologies, Ltd.		14,897		583,934
	Cie Financiere Tradition SA		10,452		1,223,800
	Clariant AG		205,780		3,803,997
	Coltene Holding AG		25,850		1,726,742
	Conzzeta AG		9,547		8,182,229
	Daetwyler Holding AG		40,458		6,933,739
	DKSH Holding AG		223,126		12,564,427
	dormakaba Holding AG		24,237		12,095,260
*	Dottikon Es Holding AG		143		110,510
#	Dufry AG		276,747		9,062,215
#	EFG International AG		657,243		4,080,990
	Emmi AG		15,057		13,830,645
	Energiedienst Holding AG		82,382		2,619,882
*	Evolva Holding SA		3,349,123		764,801
#	Feintool International Holding AG		16,000		783,970
#	Fenix Outdoor International AG		19,372		1,548,905
*	Flughafen Zurich AG		126,351		15,625,412
	Forbo Holding AG		8,613		11,567,245
	Galenica AG		18,858		1,350,428
# *	GAM Holding AG		1,317,887		2,766,779
	Georg Fischer AG		31,555		23,549,456
	Gurit Holding AG		3,022		4,309,604
	Helvetia Holding AG		216,663		19,750,026
*	Hiag Immobilien Holding AG		19,720		1,805,566
# *	HOCHDORF Holding AG		7,010		464,430
	Huber & Suhner AG		94,378		6,026,908
*	Hypothekarbank Lenzburg AG		6		27,028
	Implenia AG		126,765		5,184,950
	Inficon Holding AG		14,600		9,869,000
	Interroll Holding AG		4,787		9,101,827
	Intershop Holding AG		10,318		5,296,882
	Investis Holding SA		3,516		297,890
	Jungfraubahn Holding AG		16,485		2,254,706
	Kardex AG		47,374		6,841,952
# *	Komax Holding AG		25,771		3,737,997
#	Kudelski SA		233,259		822,763
	Landis & Gyr Group AG		8,689		586,768
*	Lastminute.com NV		23,689		520,404
	LEM Holding SA		3,808		4,924,639
	Liechtensteinische Landesbank AG		62,748		3,576,362
	Logitech International SA		121,146		5,834,786
	Luzerner Kantonalbank AG		19,960		8,102,032
*	MCH Group AG		3,800		53,548
*	Meier Tobler Group AG		22,913		288,020
	Metall Zug AG		1,082		2,045,441
# *	Meyer Burger Technology AG		814,920		207,025
*	Mikron Holding AG		8,692		43,230

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
SWITZERLAND — (Continued)
#	Mobilezone Holding AG		279,877	$	2,478,445
	Mobimo Holding AG		55,872		15,401,238
# *	Newron Pharmaceuticals SpA		27,456		177,097
	OC Oerlikon Corp. AG		1,609,083		12,084,276
# *	Orascom Development Holding AG		96,488		834,162
#	Orell Fuessli Holding AG		5,028		481,640
	Orior AG		37,151		3,086,001
	Phoenix Mecano AG		4,407		1,685,715
	Plazza AG, Class A		7,247		2,096,325
	PSP Swiss Property AG		331,480		38,507,157
	Rieter Holding AG		21,561		2,103,038
	Romande Energie Holding SA		2,625		2,850,966
#	Schaffner Holding AG		3,363		557,919
# *	Schmolz + Bickenbach AG		3,310,891		621,316
	Schweiter Technologies AG		6,895		6,840,727
	SFS Group AG		126,103		9,978,708
	Siegfried Holding AG		30,001		13,674,869
	SIG Combibloc Group AG		160,186		2,594,492
	St Galler Kantonalbank AG		16,726		7,222,230
	Sulzer AG		136,230		9,635,471
	Sunrise Communications Group AG		271,523		21,749,410
	Swiss Prime Site AG		10,169		968,155
	Swissquote Group Holding SA		77,115		5,007,931
	Thurgauer Kantonalbank		3,152		337,798
# *	Tornos Holding AG		26,632		118,319
	TX Group AG		16,740		1,113,716
	u-blox Holding AG		53,367		3,738,050
	Valiant Holding AG		105,977		10,236,767
*	Valora Holding AG		27,553		4,949,296
	VAT Group AG		205,035		33,839,258
	Vaudoise Assurances Holding SA		6,628		3,229,326
	Vetropack Holding AG		1,292		3,804,009
*	Von Roll Holding AG		378,198		214,188
	Vontobel Holding AG		226,317		11,752,763
	VP Bank AG		23,617		3,122,792
	VZ Holding AG		90,005		6,283,230
#	Walliser Kantonalbank		18,991		2,111,963
	Warteck Invest AG		27		57,515
#	Ypsomed Holding AG		7,378		967,702
	Zehnder Group AG		81,744		3,203,270
	Zug Estates Holding AG, Class B		1,178		2,349,614
	Zuger Kantonalbank AG		697		4,545,763

TOTAL SWITZERLAND					653,086,478

UNITED KINGDOM — (0.5%)
*	Concentric AB		357,171		4,026,556
*	Dialog Semiconductor P.L.C.		601,965		18,904,625

TOTAL UNITED KINGDOM					22,931,181

TOTAL COMMON STOCKS					4,438,910,904

PREFERRED STOCKS — (0.6%)

GERMANY — (0.6%)
	Biotest AG		100,615		2,307,372
	Draegerwerk AG & Co. KGaA		58,910		4,929,917
	Fuchs Petrolub SE		265,955		10,312,552
	Jungheinrich AG		366,703		6,622,068
	Sixt SE		116,451		5,408,909

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
GERMANY — (Continued)
	STO SE & Co. KGaA		13,545	$	1,364,029
	Villeroy & Boch AG		50,436		617,993

TOTAL GERMANY					31,562,840

RIGHTS/WARRANTS — (0.0%)

AUSTRIA — (0.0%)
*	Intercell AG Rights 05/16/13		254,689		0

FRANCE — (0.0%)
*	Metabolic Explorer SA Warrants 03/19/21		156,395		4,799

ISRAEL — (0.0%)
*	Arko Holdings, Ltd. Rights 05/10/20		1,267		12,464

NORWAY — (0.0%)
*	XXL ASA Rights 05/28/20		200,138		103,927

TOTAL RIGHTS/WARRANTS					121,190

TOTAL INVESTMENT SECURITIES (Cost $ 4,808,610,615)					4,470,594,934


				Value†
SECURITIES LENDING COLLATERAL — (9.1%)
@ §	The DFA Short Term Investment Fund		38,464,244		445,069,770

TOTAL INVESTMENTS — (100.0%) (Cost $ 5,253,612,807)				$	4,915,664,704

P.L.C.

Public Limited Company

SA	Special Assessment

»	Securities that have generally been fair value factored. See Note B to Financial Statements.

#	Total or Partial Securities on Loan.

*	Non-Income Producing Securities.

†	See Note B to Financial Statements.

@	Security purchased with cash collateral received from Securities on Loan.

§	Affiliated Fund.

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Austria		—	$	158,666,494		—	$	158,666,494
Belgium	$	1,814,330		173,254,136		—		175,068,466
Denmark		—		237,115,951		—		237,115,951
Finland		—		289,428,955		—		289,428,955
France		—		445,909,103		—		445,909,103
Germany		16,917,414		683,930,997		—		700,848,411
Ireland		—		25,736,870		—		25,736,870
Israel		617,686		161,309,412		—		161,927,098
Italy		—		438,597,219		—		438,597,219
Netherlands		—		365,336,540		—		365,336,540
Norway		196,521		97,974,901		—		98,171,422
Portugal		—		40,514,478		—		40,514,478
Spain		—		279,172,272		—		279,172,272

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Sweden		—	$	346,399,966		—	$	346,399,966
Switzerland		—		653,086,478		—		653,086,478
United Kingdom		—		22,931,181		—		22,931,181
Preferred Stocks
Germany		—		31,562,840		—		31,562,840
Rights/Warrants
France		—		4,799		—		4,799
Israel		—		12,464		—		12,464
Norway		—		103,927		—		103,927
Securities Lending Collateral		—		445,069,770		—		445,069,770

TOTAL	$	19,545,951	$	4,896,118,753		—	$	4,915,664,704

See accompanying Notes to Financial Statements.

THE CANADIAN SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


		Shares		Value»
COMMON STOCKS — (87.2%)
COMMUNICATION SERVICES — (1.5%)
# *	Aimia, Inc.		857,155	$	1,551,802
#	Cineplex, Inc.		388,838		4,648,345
	Cogeco Communications, Inc.		23,222		1,716,855
	Cogeco, Inc.		33,780		2,082,447
	Corus Entertainment, Inc., Class B		1,096,950		2,498,173
*	Glacier Media, Inc.		171,625		41,921
	Mediagrif Interactive Technologies, Inc.		30,070		136,962
*	TeraGo, Inc.		2,400		10,086
# *	WildBrain, Ltd.		937,178		592,490
# *	Yellow Pages, Ltd.		105,820		717,656

TOTAL COMMUNICATION SERVICES					13,996,737

CONSUMER DISCRETIONARY — (4.6%)
*	Aritzia, Inc.		412,902		4,915,253
	AutoCanada, Inc.		161,359		759,296
	BMTC Group, Inc.		20,581		99,212
	BRP, Inc.		198,471		5,940,085
# *	Canada Goose Holdings, Inc.		24,013		572,710
#	Dorel Industries, Inc., Class B		202,897		406,683
	Gamehost, Inc.		83,699		288,026
# *	Great Canadian Gaming Corp.		428,062		8,337,053
*	Indigo Books & Music, Inc.		12,232		18,630
*	Intertain Group, Ltd. (The)		70,628		607,915
	Leon’s Furniture, Ltd.		171,679		1,634,216
	Linamar Corp.		237,959		5,716,692
	Martinrea International, Inc.		570,360		3,446,049
#	MTY Food Group, Inc.		107,704		1,860,910
#	Park Lawn Corp.		114,276		1,791,374
#	Pizza Pizza Royalty Corp.		156,674		981,499
*	Points International, Ltd.		50,316		495,587
*	Points International, Ltd.		9,425		91,988
	Pollard Banknote, Ltd.		25,700		278,796
#	Recipe Unlimited Corp.		88,477		842,214
	Reitmans Canada, Ltd., Class A		230,155		53,738
#	Sleep Country Canada Holdings, Inc.		186,387		1,763,509
# *	Spin Master Corp.		87,352		1,263,888
#	Uni-Select, Inc.		325,782		997,041
	Zenith Capital Corp.		111,820		6,507

TOTAL CONSUMER DISCRETIONARY					43,168,871

CONSUMER STAPLES — (4.9%)
# *	Alcanna, Inc.		215,711		387,426
	Andrew Peller, Ltd., Class A		166,600		1,131,054
	Clearwater Seafoods, Inc.		104,195		381,014
	Corby Spirit and Wine, Ltd.		87,267		1,021,286
#	High Liner Foods, Inc.		109,080		499,968
#	Jamieson Wellness, Inc.		275,646		6,231,962
	KP Tissue, Inc.		43,800		312,779
	Lassonde Industries, Inc., Class A		17,800		1,800,141
	Maple Leaf Foods, Inc.		302,505		5,591,762
*	Mav Beauty Brands, Inc.		7,000		13,075
#	North West Co., Inc. (The)		314,188		5,936,380

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
CONSUMER STAPLES — (Continued)
#	Premium Brands Holdings Corp.		169,351	$	10,212,524
	Primo Water Corp. 74167P108		96,682		991,957
	Primo Water Corp. BLKVVX9		860,792		8,812,304
#	Rogers Sugar, Inc.		699,954		2,353,378
# *	SunOpta, Inc.		291,540		821,033
*	Village Farms International, Inc.		21,817		73,040
*	Village Farms International, Inc.		20,293		68,793

TOTAL CONSUMER STAPLES					46,639,876

ENERGY — (11.0%)
# *	Advantage Oil & Gas, Ltd.		1,116,346		1,812,523
# *	Africa Oil Corp.		1,333,299		1,034,493
#	ARC Resources, Ltd.		2,215,726		9,343,950
# *	Athabasca Oil Corp.		3,380,410		352,139
# *	Baytex Energy Corp.		3,145,775		1,005,690
#	Birchcliff Energy, Ltd.		1,494,626		1,642,859
#	Bonavista Energy Corp.		1,749,900		226,288
#	Bonterra Energy Corp.		179,118		158,278
# *	Calfrac Well Services, Ltd.		797,615		126,064
	Cameco Corp.		12,658		126,074
#	Canacol Energy, Ltd.		955,472		2,423,086
#	Cardinal Energy, Ltd.		599,998		245,698
#	CES Energy Solutions Corp.		1,476,974		1,241,467
	Computer Modelling Group, Ltd.		464,145		1,560,544
#	Crescent Point Energy Corp.		2,348,538		3,273,224
# *	Crew Energy, Inc.		1,133,876		219,941
# *	Denison Mines Corp.		3,334,115		1,437,170
#	Enerflex, Ltd.		505,097		1,905,068
# *	Energy Fuels, Inc.		347,960		617,451
#	Enerplus Corp.		1,185,558		3,193,967
#	Ensign Energy Services, Inc.		865,060		385,314
*	Epsilon Energy, Ltd.		23,966		70,222
# *	Essential Energy Services Trust		1,034,741		104,072
# *	Fission Uranium Corp.		1,962,000		444,003
#	Freehold Royalties, Ltd.		536,024		1,436,380
#	Frontera Energy Corp.		244,929		786,546
*	GASFRAC Energy Services, Inc.		779,376		677
*	Gear Energy, Ltd.		901,000		165,060
	Gibson Energy, Inc.		940,791		13,402,698
# *	Gran Tierra Energy, Inc.		2,476,911		827,446
#	High Arctic Energy Services, Inc.		136,900		59,994
# *	Kelt Exploration, Ltd.		1,021,865		1,174,600
#	Keyera Corp.		9,000		133,518
*	Manitok Energy, Inc.		2,187		0
# *	MEG Energy Corp.		2,543,536		5,682,961
	North American Construction Group, Ltd.		118,644		601,765
	North American Construction Group, Ltd.		9,342		47,084
# *	NuVista Energy, Ltd.		1,212,978		714,567
# *	Obsidian Energy, Ltd.		520,649		108,472
# *	Painted Pony Energy, Ltd.		782,649		354,229
# *	Paramount Resources, Ltd., Class A		398,013		543,285
*	Parex Resources, Inc.		783,991		8,594,923
	Pason Systems, Inc.		409,612		2,227,640
#	Peyto Exploration & Development Corp.		1,201,722		2,425,977
*	PHX Energy Services Corp.		285,274		139,363
	Pinnacle Renewable Energy, Inc.		40,506		203,410
#	PrairieSky Royalty, Ltd.		939,049		6,867,717
# *	Precision Drilling Corp.		1,607,629		866,211
*	Pulse Seismic, Inc.		308,039		181,466

THE CANADIAN SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
ENERGY — (Continued)
# *	Questerre Energy Corp., Class A		797,460	$	80,207
#	Secure Energy Services, Inc.		882,643		792,632
# *	Seven Generations Energy, Ltd., Class A		1,135,906		2,350,235
#	ShawCor, Ltd.		447,379		655,665
*	Storm Resources, Ltd.		5,600		5,230
#	Surge Energy, Inc.		1,697,764		341,516
# *	Tamarack Valley Energy, Ltd.		1,599,540		919,309
	TerraVest Industries, Inc.		3,700		40,802
*	Tervita Corp.		70,398		161,334
#	Tidewater Midstream and Infrastructure, Ltd.		1,197,800		490,496
#	TORC Oil & Gas, Ltd.		924,765		744,090
	Total Energy Services, Inc.		287,079		344,425
*	Touchstone Exploration, Inc.		51,500		19,979
	Tourmaline Oil Corp.		924,973		9,170,320
	TransGlobe Energy Corp.		498,445		297,216
# *	Trican Well Service, Ltd.		1,905,099		793,820
#	Vermilion Energy, Inc.		524,924		2,583,232
	Vermilion Energy, Inc.		33,463		165,307
#	Whitecap Resources, Inc.		2,403,239		3,159,544
# *	Yangarra Resources, Ltd.		479,471		172,230

TOTAL ENERGY					103,783,163

FINANCIALS — (8.0%)
	AGF Management, Ltd., Class B		571,547		1,765,618
#	Alaris Royalty Corp.		230,931		1,682,273
	Canaccord Genuity Group, Inc.		444,384		1,720,773
#	Canadian Western Bank		451,802		7,150,543
#	Chesswood Group, Ltd.		77,342		327,826
	CI Financial Corp.		321,475		3,415,795
	Clairvest Group, Inc.		1,900		62,448
	Echelon Financial Holdings, Inc.		15,650		64,424
	ECN Capital Corp.		2,488,693		7,062,278
	E-L Financial Corp., Ltd.		7,078		3,500,787
	Element Fleet Management Corp.		1,454,521		10,731,657
#	Equitable Group, Inc.		61,002		2,980,090
#	Fiera Capital Corp.		298,162		1,927,841
	Firm Capital Mortgage Investment Corp.		183,619		1,455,022
	First National Financial Corp.		66,815		1,535,552
#	Genworth MI Canada, Inc.		216,384		5,335,176
#	GMP Capital, Inc.		416,787		389,255
#	goeasy, Ltd.		62,639		2,000,740
	GoldMoney, Inc.		125,000		237,077
	Guardian Capital Group, Ltd., Class A		88,614		1,322,892
# *	Home Capital Group, Inc.		360,527		4,825,330
*	Kingsway Financial Services, Inc.		13,070		22,481
#	Laurentian Bank of Canada		412,090		9,204,266
#	Sprott, Inc.		1,406,577		3,445,832
#	Timbercreek Financial Corp.		503,684		2,847,798
*	Trisura Group, Ltd.		31,411		917,992

TOTAL FINANCIALS					75,931,766

HEALTH CARE — (1.3%)
*	CRH Medical Corp.		451,491		927,666
#	Extendicare, Inc.		538,009		2,380,930
	HLS Therapeutics, Inc.		2,000		26,581
*	Knight Therapeutics, Inc.		820,832		4,475,818
#	Medical Facilities Corp.		264,689		838,592

THE CANADIAN SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
HEALTH CARE — (Continued)
#	Sienna Senior Living, Inc.		331,515	$	3,155,698

TOTAL HEALTH CARE					11,805,285

INDUSTRIALS — (11.3%)
	Aecon Group, Inc.		345,759		3,798,021
#	AG Growth International, Inc.		136,123		2,585,648
	Algoma Central Corp.		47,900		330,357
# *	ATS Automation Tooling Systems, Inc.		454,823		6,747,437
#	Badger Daylighting, Ltd.		161,181		3,502,802
#	Bird Construction, Inc.		279,744		1,041,039
# *	Black Diamond Group, Ltd.		330,892		316,165
# *	Bombardier, Inc., Class A		8,161		4,280
*	Bombardier, Inc., Class B		263,052		92,601
	Calian Group, Ltd.		38,393		1,252,230
	CanWel Building Materials Group, Ltd.		381,395		959,002
#	Cargojet, Inc.		9,284		937,638
	Cervus Equipment Corp.		45,297		203,388
# *	DIRTT Environmental Solutions		273,168		325,772
#	Exchange Income Corp.		66,484		1,420,000
	Exco Technologies, Ltd.		182,734		855,940
	Finning International, Inc.		791,189		10,043,687
*	GDI Integrated Facility Services, Inc.		10,500		218,984
	Hardwoods Distribution, Inc.		13,802		117,301
*	Heroux-Devtek, Inc.		239,845		1,928,134
#	Horizon North Logistics, Inc.		1,094,944		361,848
*	IBI Group, Inc.		113,900		349,404
#	K-Bro Linen, Inc.		69,453		1,346,698
	Magellan Aerospace Corp.		112,778		519,348
	Morneau Shepell, Inc.		401,948		9,716,980
#	Mullen Group, Ltd.		511,485		2,123,915
#	NFI Group, Inc.		317,312		3,629,158
*	Patriot One Technologies, Inc.		104,500		52,552
#	Richelieu Hardware, Ltd.		361,973		6,875,654
	Rocky Mountain Dealerships, Inc.		120,855		382,027
	Russel Metals, Inc.		334,023		3,618,712
#	Savaria Corp.		180,756		1,486,875
#	SNC-Lavalin Group, Inc.		109,100		2,011,995
#	Stantec, Inc.		544,655		16,054,596
#	Stuart Olson, Inc.		42,577		26,306
	TFI International, Inc.		522,189		14,480,761
#	Transcontinental, Inc., Class A		475,841		4,310,755
	Wajax Corp.		106,766		666,544
#	Westshore Terminals Investment Corp.		226,322		2,425,895

TOTAL INDUSTRIALS					107,120,449

INFORMATION TECHNOLOGY — (5.6%)
	Absolute Software Corp.		303,292		2,329,244
# *	BlackBerry, Ltd.		1,068,371		4,559,161
# *	BlackBerry, Ltd.		1,509,373		6,460,116
*	Celestica, Inc.		36,408		226,822
*	Celestica, Inc.		618,753		3,862,900
*	Descartes Systems Group, Inc. (The)		82,553		3,470,079
	Enghouse Systems, Ltd.		268,465		10,058,156
	Evertz Technologies, Ltd.		173,388		1,878,437
*	EXFO, Inc.		60,487		149,919
*	Kinaxis, Inc.		157,530		15,835,050
*	Photon Control, Inc.		431,094		303,511
	Pivot Technology Solutions, Inc.		27,500		28,054

THE CANADIAN SMALL COMPANY SERIES

CONTINUED


			Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	Quarterhill, Inc.			1,017,776	$	1,279,578
# *	Sierra Wireless, Inc.			258,932		2,429,435
	Vecima Networks, Inc.			6,059		43,964

TOTAL INFORMATION TECHNOLOGY						52,914,426

MATERIALS — (29.0%)
# *	5N Plus, Inc.			548,929		670,412
#	Acadian Timber Corp.			72,440		730,671
	AirBoss of America Corp.			102,162		1,038,538
*	Alacer Gold Corp.			2,084,220		10,690,995
	Alamos Gold, Inc., Class A			2,227,027		17,935,247
# *	Alio Gold, Inc.			204,318		139,446
#	Altius Minerals Corp.			203,764		1,258,932
# *	Americas Gold & Silver Corp.			154,312		331,473
*	Amerigo Resources, Ltd.			467,700		90,721
*	Argonaut Gold, Inc.			1,095,797		1,141,496
# *	Asanko Gold, Inc.			949,993		1,071,511
	B2Gold Corp.			1,281,810		6,482,950
	Caledonia Mining Corp. P.L.C.			540		6,832
*	Canfor Corp.			354,633		2,471,310
#	Canfor Pulp Products, Inc.			182,776		911,287
# *	Capstone Mining Corp.			2,889,855		1,121,105
	Cascades, Inc.			531,370		5,317,708
	Centerra Gold, Inc.			1,540,453		12,317,428
*	China Gold International Resources Corp., Ltd.			1,668,100		814,906
# *	Copper Mountain Mining Corp.			972,155		324,762
	Dundee Precious Metals, Inc.			1,302,522		6,073,040
*	Eldorado Gold Corp.			700,703		6,680,072
# *	Endeavour Mining Corp.			442,456		7,965,759
# *	Endeavour Silver Corp.			631,108		1,024,681
*	Equinox Gold Corp.			39,464		329,727
*	ERO Copper Corp.			52,742		603,220
*	Excellon Resources, Inc.			14,400		5,483
# *	First Majestic Silver Corp.			713,181		5,758,941
# *	First Mining Gold Corp.			749,400		121,136
# *	Fortuna Silver Mines, Inc.			913,292		2,742,599
*	Fortuna Silver Mines, Inc.			113,200		339,600
*	GoGold Resources, Inc.			40,000		19,828
*	Gold Standard Ventures Corp.			10,700		6,918
# *	Golden Star Resources, Ltd.			455,613		1,073,609
# *	Guyana Goldfields, Inc.			979,918		436,473
#	Hudbay Minerals, Inc.			1,385,014		3,383,058
*	IAMGOLD Corp.	��		2,447,564		8,563,265
# *	Imperial Metals Corp.			346,592		438,236
*	Interfor Corp.			380,379		2,243,552
# *	International Tower Hill Mines, Ltd.			13,001		5,884
#	Intertape Polymer Group, Inc.			303,588		2,979,282
*	IPL Plastics, Inc.			15,848		51,235
*	Ivanhoe Mines, Ltd., Class A			3,084,210		6,469,983
	Labrador Iron Ore Royalty Corp.			311,656		4,419,763
*	Largo Resources, Ltd.			573,711		449,258
#	Lucara Diamond Corp.			2,030,773		758,649
# *	Lundin Gold, Inc.			147,709		1,100,429
*	Major Drilling Group International, Inc.			545,578		1,391,431
# *	Mandalay Resources Corp.			464		483
# *	Marathon Gold Corp.			147,500		175,904
	Methanex Corp.			140,382		2,231,872
	Methanex Corp.			30,272		480,719
	Minco Base Metals Corp.			2,780		0

THE CANADIAN SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
MATERIALS — (Continued)
# *	Mountain Province Diamonds, Inc.		102,431	$	32,379
# *	New Gold, Inc.		4,088,674		3,348,603
	Norbord, Inc.		212,483		3,446,868
# *	Northern Dynasty Minerals, Ltd.		76,877		44,184
	OceanaGold Corp.		3,735,214		5,688,892
*	Orbite Technologies, Inc.		73,500		7
*	Orla Mining, Ltd.		9,900		22,333
	Osisko Gold Royalties, Ltd.		894,514		8,167,879
*	Osisko Mining, Inc.		486,477		1,223,226
#	Pan American Silver Corp.		1,105,470		23,507,963
*	PolyMet Mining Corp.		642,081		170,674
# *	Premier Gold Mines, Ltd.		1,025,549		1,274,615
# *	Pretium Resources, Inc.		293,903		2,242,480
*	Pretium Resources, Inc.		457,478		3,493,654
# *	Roxgold, Inc.		1,208,860		1,085,581
*	Sabina Gold & Silver Corp.		1,519,119		2,139,066
# *	Sandstorm Gold, Ltd.		1,125,794		8,743,010
# *	Seabridge Gold, Inc.		66,295		928,259
# *	SEMAFO, Inc.		1,962,659		4,935,024
*	SSR Mining, Inc.		785,205		13,758,504
#	Stelco Holdings, Inc.		30,745		145,337
#	Stella-Jones, Inc.		244,702		6,100,190
*	Stornoway Diamond Corp.		208,109		354
#	Supremex, Inc.		91		120
# *	Taseko Mines, Ltd.		1,417,826		499,109
*	Teranga Gold Corp.		646,498		4,477,344
# *	TMAC Resources, Inc.		93,713		99,641
*	Torex Gold Resources, Inc.		477,516		6,795,928
# *	Trevali Mining Corp.		3,825,789		288,594
# *	Turquoise Hill Resources, Ltd.		2,008,431		981,165
*	Wesdome Gold Mines Ltd.		923,729		7,074,213
	West Fraser Timber Co., Ltd.		241,862		6,731,372
#	Western Forest Products, Inc.		2,516,834		1,681,566
	Winpak, Ltd.		190,506		6,343,585
	Yamana Gold, Inc.		3,304,447		15,573,241

TOTAL MATERIALS					274,236,779

REAL ESTATE — (3.6%)
	Altus Group, Ltd.		261,893		7,907,872
	Bridgemarq Real Estate Services		53,069		389,263
	Colliers International Group, Inc.		165,544		9,085,029
	DREAM Unlimited Corp., Class A		492,374		3,102,209
	FirstService Corp.		3,912		338,237
	Information Services Corp.		17,674		180,936
#	Invesque, Inc.		203,166		572,928
*	Mainstreet Equity Corp.		31,349		1,306,030
	Melcor Developments, Ltd.		55,340		277,903
	Morguard Corp.		21,882		2,310,898
*	Real Matters, Inc.		201,845		2,314,341
#	Tricon Capital Group, Inc.		1,104,900		6,421,668

TOTAL REAL ESTATE					34,207,314

UTILITIES — (6.4%)
	Boralex, Inc., Class A		549,954		10,647,840
	Capital Power Corp.		771,649		14,934,605
	Innergex Renewable Energy, Inc.		800,557		10,743,492
#	Just Energy Group, Inc.		403,242		185,405
*	Maxim Power Corp.		92,234		139,151

THE CANADIAN SMALL COMPANY SERIES

CONTINUED


		Shares		Value»
UTILITIES — (Continued)
	Polaris Infrastructure, Inc.		115,463	$	1,032,734
#	Superior Plus Corp.		786,210		5,580,484
	TransAlta Corp. 2901628		1,784,708		10,500,922
	TransAlta Corp. 89346D107		16,789		98,384
#	TransAlta Renewables, Inc.		652,739		7,052,836

TOTAL UTILITIES					60,915,853

TOTAL COMMON STOCKS					824,720,519

RIGHTS/WARRANTS — (0.1%)
ENERGY — (0.0%)
# *	Tervita Corp. Warrants 07/19/20		9,964		54
MATERIALS — (0.1%)
*	Pan American Silver Corp. Rights 02/22/29		1,922,253		900,679

TOTAL RIGHTS/WARRANTS					900,733

TOTAL INVESTMENT SECURITIES (Cost $1,142,670,703)					825,621,252


				Value†
SECURITIES LENDING COLLATERAL — (12.7%)
@ §	The DFA Short Term Investment Fund		10,363,134		119,911,823

TOTAL INVESTMENTS — (100.0%) (Cost $1,262,557,300)				$	945,533,075

P.L.C. Public Limited Company

»	Securities that have generally been fair value factored. See Note B to Financial Statements.

#	Total or Partial Securities on Loan.

*	Non-Income Producing Securities.

†	See Note B to Financial Statements.

@	Security purchased with cash collateral received from Securities on Loan.

§	Affiliated Fund.

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	13,996,737		—		—	$	13,996,737
Consumer Discretionary		41,557,408	$	1,611,463		—		43,168,871
Consumer Staples		46,639,876		—		—		46,639,876
Energy		103,782,486		677		—		103,783,163
Financials		75,931,766		—		—		75,931,766
Health Care		11,805,285		—		—		11,805,285
Industrials		107,120,449		—		—		107,120,449
Information Technology		52,914,426		—		—		52,914,426
Materials		274,236,418		361		—		274,236,779
Real Estate		34,207,314		—		—		34,207,314
Utilities		60,915,853		—		—		60,915,853

THE CANADIAN SMALL COMPANY SERIES

CONTINUED


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Rights/Warrants
Energy		—	$	54		—	$	54
Materials		—		900,679		—		900,679
Securities Lending Collateral		—		119,911,823		—		119,911,823

TOTAL	$	823,108,018	$	122,425,057		—	$	945,533,075

See accompanying Notes to Financial Statements.

THE EMERGING MARKETS SERIES

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


		Shares		Value»
COMMON STOCKS — (96.9%)
BRAZIL — (4.2%)
#	Ambev SA, ADR		4,308,999	$	9,264,348
	Atacadao SA		247,864		911,617
*	B2W Cia Digital		164,095		2,210,405
	B3 SA - Brasil Bolsa Balcao		1,206,957		8,527,426
	Banco Bradesco SA, ADR		1,160,714		4,085,714
	Banco Bradesco SA		1,005,393		3,246,603
	Banco BTG Pactual SA		210,458		1,637,098
	Banco do Brasil SA		683,865		3,584,132
	Banco Santander Brasil SA		413,562		2,053,398
	BB Seguridade Participacoes SA		636,043		3,105,416
#	Braskem SA, Sponsored ADR		144,940		1,137,779
*	BRF SA		588,923		2,099,931
	CCR SA		2,445,817		5,554,688
	Centrais Eletricas Brasileiras SA		107,077		477,504
	Centrais Eletricas Brasileiras SA, ADR		7,825		37,404
	Cia Brasileira de Distribuicao		429,889		5,234,971
	Cia de Saneamento Basico do Estado de Sao Paulo		288,020		2,122,849
	Cia de Saneamento Basico do Estado de Sao Paulo, ADR		40,965		313,792
	Cia Energetica de Minas Gerais		150,700		267,984
	Cia Paranaense de Energia, Sponsored ADR		8,700		89,175
	Cia Paranaense de Energia		19,900		194,685
#	Cia Siderurgica Nacional SA, Sponsored ADR		525,351		840,562
	Cia Siderurgica Nacional SA		1,479,065		2,437,048
	Cielo SA		721,236		538,484
	Cogna Educacao		1,463,872		1,491,357
	Cosan SA		291,326		3,232,610
	CPFL Energia SA		121,800		650,448
	Energisa SA		228,135		1,833,336
	Engie Brasil Energia SA		207,476		1,492,573
	Equatorial Energia SA		1,665,000		5,612,360
#	Gerdau SA, Sponsored ADR		278,683		599,168
	Gerdau SA		113,216		223,813
	Hapvida Participacoes e Investimentos SA		90,409		871,853
	Hypera SA		412,463		2,205,709
	IRB Brasil Resseguros SA		712,314		1,338,724
	Itau Unibanco Holding SA		414,109		1,675,352
	JBS SA		1,943,203		8,519,090
	Klabin SA		1,710,990		5,603,768
	Localiza Rent a Car SA		718,414		4,516,923
	Lojas Americanas SA		148,413		554,853
	Lojas Renner SA		1,008,565		7,120,177
	Magazine Luiza SA		972,180		8,885,295
	Natura & Co. Holding SA		678,400		4,431,264
	Notre Dame Intermedica Participacoes S.A.		577,192		5,817,667
	Petrobras Distribuidora SA		990,655		3,557,898
#	Petroleo Brasileiro SA 71654V101, Sponsored ADR		1,299,604		8,668,359
	Petroleo Brasileiro SA 71654V408, Sponsored ADR		556,265		3,843,791
	Petroleo Brasileiro SA BRPETRACNOR9		3,033,556		10,403,983
	Porto Seguro SA		315,955		2,631,457
	Raia Drogasil SA		361,585		6,967,189
*	Rumo SA		1,113,809		4,053,454
	Sul America SA		557,325		4,586,383
*	Suzano SA		725,080		5,254,860
# *	Suzano SA, Sponsored ADR		90,813		654,761
	TIM Participacoes SA		1,203,613		2,824,271

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
BRAZIL — (Continued)
	Ultrapar Participacoes SA		1,019,063	$	2,717,301
	Ultrapar Participacoes SA, Sponsored ADR		111,399		297,435
	Vale SA, Sponsored ADR		1,665,739		13,742,343
	Vale SA		3,260,013		26,893,500
	WEG SA		363,333		2,668,589

TOTAL BRAZIL					226,414,927

CHILE — (0.8%)
	AES Gener SA		2,468,815		363,772
	Aguas Andinas SA, Class A		4,770,656		1,599,933
#	Banco de Chile, ADR		128,472		2,306,078
	Banco de Credito e Inversiones SA		44,288		1,644,308
#	Banco Santander Chile, ADR		200,875		3,378,717
	Cencosud SA		2,462,764		2,979,269
	Cia Cervecerias Unidas SA		109,017		783,449
#	Cia Cervecerias Unidas SA, Sponsored ADR		78,166		1,111,521
	Colbun SA		10,841,688		1,590,738
	Embotelladora Andina SA, ADR, Class B		24,029		333,458
*	Empresa Nacional de Telecomunicaciones SA		260,143		1,573,508
	Empresas CMPC SA		1,621,835		3,496,396
	Empresas COPEC SA		294,478		1,840,443
	Enel Americas SA, ADR		1,131,713		9,155,559
	Enel Chile SA, ADR		790,057		3,168,129
	Falabella SA		756,226		2,065,152
	Itau CorpBanca Chile SA		240,267,938		680,025
	Itau CorpBanca Chile SA, ADR		28,430		121,396
#	Latam Airlines Group SA, Sponsored ADR		414,639		1,575,628
	Latam Airlines Group SA		27,618		104,366
	Parque Arauco SA		43,325		72,706
	Plaza SA		74,670		107,502
#	Sociedad Quimica y Minera de Chile SA, Sponsored ADR		153,936		3,509,741

TOTAL CHILE					43,561,794

CHINA — (29.6%)
*	51job, Inc., ADR		36,065		2,161,736
*	58.com, Inc., ADR		98,295		5,106,425
#	AAC Technologies Holdings, Inc.		1,726,500		8,165,638
	Agile Group Holdings, Ltd.		4,030,000		4,532,816
	Agricultural Bank of China, Ltd., Class H		22,163,000		9,219,405
	Air China, Ltd., Class H		4,598,000		3,278,497
*	Alibaba Group Holding, Ltd., Sponsored ADR		820,397		166,269,873
*	Alibaba Health Information Technology, Ltd.		1,284,000		3,071,337
# *	Alibaba Pictures Group, Ltd.		2,380,000		318,768
# *	Aluminum Corp. of China, Ltd., ADR		62,341		329,784
*	Aluminum Corp. of China, Ltd., Class H		3,820,000		803,982
	Angang Steel Co., Ltd., Class H		3,060,200		824,967
	Anhui Conch Cement Co., Ltd., Class H		1,711,000		13,491,882
#	ANTA Sports Products, Ltd.		912,000		7,766,620
	BAIC Motor Corp., Ltd., Class H		3,744,500		1,638,181
*	Baidu, Inc., Sponsored ADR		251,456		25,379,454
	Bank of China, Ltd., Class H		47,943,181		18,252,100
	Bank of Communications Co., Ltd., Class H		6,643,515		4,210,036
#	BBMG Corp., Class H		1,819,500		460,002
*	BeiGene, Ltd., ADR		2,448		374,128
	Beijing Capital International Airport Co., Ltd., Class H		1,172,000		785,263
	Beijing Enterprises Holdings, Ltd.		719,472		2,548,792
	Beijing Enterprises Water Group, Ltd.		6,636,000		2,575,110
	Bosideng International Holdings, Ltd.		104,000		28,196

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
CHINA — (Continued)
	Brilliance China Automotive Holdings, Ltd.		988,000	$	914,135
#	BYD Co., Ltd., Class H		1,095,886		6,815,155
	CGN Power Co., Ltd., Class H		5,516,000		1,387,546
	Changchun High & New Technology Industry Group, Inc., Class A		2,300		191,438
	China Cinda Asset Management Co., Ltd., Class H		12,693,000		2,460,119
	China CITIC Bank Corp., Ltd., Class H		13,281,928		6,488,677
#	China Coal Energy Co., Ltd., Class H		3,334,777		892,175
	China Common Rich Renewable Energy Investments, Ltd.		5,416,000		654,950
	China Communications Construction Co., Ltd., Class H		4,943,000		3,322,411
	China Communications Services Corp., Ltd., Class H		3,736,000		2,663,067
	China Conch Venture Holdings, Ltd.		2,355,000		11,260,137
	China Construction Bank Corp., Class H		76,613,590		61,494,905
# *	China Eastern Airlines Corp., Ltd., ADR		11,904		234,747
# *	China Eastern Airlines Corp., Ltd., Class H		3,272,000		1,329,773
	China Everbright Bank Co., Ltd., Class H		4,683,000		1,987,245
	China Everbright International, Ltd.		2,975,703		1,720,833
#	China Evergrande Group		3,952,000		7,025,616
	China Galaxy Securities Co., Ltd., Class H		5,089,500		2,584,456
	China Gas Holdings, Ltd.		3,123,200		11,364,502
	China Hongqiao Group, Ltd.		2,630,000		1,296,464
	China Huarong Asset Management Co., Ltd., Class H		15,246,000		1,699,241
#	China International Capital Corp., Ltd., Class H		2,534,800		3,892,709
	China International Marine Containers Group Co., Ltd., Class H		354,720		314,058
	China International Travel Service Corp, Ltd., Class A		65,400		838,342
	China Jinmao Holdings Group, Ltd.		6,422,000		4,521,482
#	China Life Insurance Co., Ltd., ADR		455,615		4,797,626
	China Life Insurance Co., Ltd., Class H		1,387,000		2,958,053
	China Longyuan Power Group Corp., Ltd., Class H		2,872,000		1,435,510
	China Mengniu Dairy Co., Ltd.		3,566,000		12,627,591
	China Merchants Bank Co., Ltd., Class H		3,814,554		18,051,647
	China Merchants Port Holdings Co., Ltd.		1,862,638		2,397,333
	China Merchants Securities Co., Ltd., Class H		412,200		452,346
	China Minsheng Banking Corp., Ltd., Class H		9,083,100		6,766,003
	China Mobile, Ltd.		1,195,500		9,610,693
#	China Mobile, Ltd., Sponsored ADR		985,751		39,400,467
#	China Molybdenum Co., Ltd., Class H		4,239,966		1,279,202
	China National Building Material Co., Ltd., Class H		10,930,000		13,653,162
	China National Nuclear Power Co., Ltd., Class A		633,485		387,232
	China Oilfield Services, Ltd., Class H		4,074,000		3,173,298
	China Overseas Land & Investment, Ltd.		8,252,500		30,484,287
#	China Pacific Insurance Group Co., Ltd., Class H		4,381,600		14,496,215
	China Petroleum & Chemical Corp., ADR		85,194		4,232,423
	China Petroleum & Chemical Corp., Class H		18,710,800		9,325,699
	China Railway Construction Corp., Ltd., Class H		3,049,000		3,347,823
	China Railway Group, Ltd., Class H		5,812,000		3,475,154
*	China Railway Signal & Communication Corp., Ltd., Class H		1,963,000		970,188
	China Reinsurance Group Corp., Class H		7,224,000		846,480
	China Resources Beer Holdings Co., Ltd.		1,481,611		6,978,107
	China Resources Cement Holdings, Ltd.		6,138,000		8,352,000
	China Resources Gas Group, Ltd.		2,102,000		11,813,938
	China Resources Land, Ltd.		5,224,666		21,589,382
	China Resources Pharmaceutical Group, Ltd.		1,594,500		1,001,391
	China Resources Power Holdings Co., Ltd.		2,194,517		2,599,284
	China Shenhua Energy Co., Ltd., Class H		3,605,000		6,386,574
	China Southern Airlines Co., Ltd., Sponsored ADR		11,404		287,039
#	China Southern Airlines Co., Ltd., Class H		4,054,000		2,027,125
	China State Construction International Holdings, Ltd.		836,250		648,350
#	China Taiping Insurance Holdings Co., Ltd.		3,127,306		5,272,630
	China Telecom Corp., Ltd., ADR		55,096		1,851,226

THE EMERGING MARKETS SERIES

CONTINUED


		Shares			Value»
CHINA — (Continued)
	China Telecom Corp., Ltd., Class H		3,440,000		$	1,188,177
	China Unicom Hong Kong, Ltd.		6,624,000	��		4,283,955
	China Unicom Hong Kong, Ltd., ADR		549,731			3,523,776
	China United Network Communications, Ltd., Class A		654,168			479,779
	China Vanke Co., Ltd., Class H		1,641,100			5,515,292
	China Yangtze Power Co., Ltd., Class A		236,694			583,038
	Chongqing Rural Commercial Bank Co., Ltd., Class H		5,378,000			2,346,175
	CIFI Holdings Group Co., Ltd.		4,673,191			3,570,025
	CITIC Securities Co., Ltd., Class H		2,399,500			4,596,218
	CITIC, Ltd.		11,427,000			11,868,115
	CNOOC, Ltd.		7,462,000			8,250,148
	CNOOC, Ltd., Sponsored ADR		116,097			13,045,820
	Contemporary Amperex Technology Co., Ltd., Class A		21,800			432,649
# *	COSCO SHIPPING Holdings Co., Ltd., Class H		4,016,500			1,160,439
	Country Garden Holdings Co., Ltd.		13,960,087			18,083,552
#	Country Garden Services Holdings Co., Ltd.		1,687,492			7,796,502
	CRRC Corp., Ltd., Class H		4,225,000			2,236,539
	CSC Financial Co., Ltd., Class H		854,000			782,773
	CSPC Pharmaceutical Group, Ltd.		4,620,000			9,146,287
	Dali Foods Group Co., Ltd.		4,627,500			2,858,793
#	Datang International Power Generation Co., Ltd., Class H		3,446,000			498,521
	Dongfeng Motor Group Co., Ltd., Class H		4,288,000			2,844,065
	ENN Energy Holdings, Ltd.		848,700			9,566,938
#	Everbright Securities Co., Ltd., Class H		466,600			288,007
	Foshan Haitian Flavouring & Food Co., Ltd., Class A		21,100			364,274
	Fosun International, Ltd.		4,065,722			5,104,378
#	Fuyao Glass Industry Group Co., Ltd., Class H		1,160,400			2,531,649
# *	GDS Holdings, Ltd., ADR		33,715			1,932,544
#	Geely Automobile Holdings, Ltd.		9,846,000			15,315,665
	GF Securities Co., Ltd., Class H		1,637,200			1,776,559
	Great Wall Motor Co., Ltd., Class H		4,947,500			3,307,682
	Gree Electric Appliances, Inc., Class A		74,733			571,751
	Guangdong Investment, Ltd.		2,084,000			4,331,524
#	Guangshen Railway Co., Ltd., Sponsored ADR		13,237			131,046
#	Guangzhou Automobile Group Co., Ltd., Class H		2,917,162			2,617,589
	Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd., Class H		356,000			931,466
	Guangzhou R&F Properties Co., Ltd., Class H		3,670,800			4,661,498
	Guotai Junan Securities Co., Ltd., Class H		570,200			811,590
	Haier Electronics Group Co., Ltd.		2,965,000			8,165,879
	Haier Smart Home Co., Ltd., Class A		84,900			183,249
	Haitian International Holdings, Ltd.		22,000			38,926
	Haitong Securities Co., Ltd., Class H		3,485,200			3,155,222
	Henan Shuanghui Investment & Development Co., Ltd., Class A		41,100			233,693
	Hengan International Group Co., Ltd.		1,801,500			16,020,639
#	Huadian Power International Corp., Ltd., Class H		1,738,000			604,615
	Huaneng Power International, Inc., Sponsored ADR		33,132			494,661
	Huaneng Power International, Inc., Class H		2,986,000			1,122,568
#	Huatai Securities Co., Ltd., Class H		1,677,200			2,781,434
	Huazhu Group, Ltd., ADR		182,824			6,583,492
	Huishang Bank Corp., Ltd., Class H		646,800			231,474
	Industrial & Commercial Bank of China, Ltd., Class H		51,034,185			34,218,887
*	JD.com, Inc., ADR		285,375			12,299,663
	Jiangsu Expressway Co., Ltd., Class H		1,388,000			1,656,807
	Jiangsu Hengrui Medicine Co., Ltd., Class A		91,180			1,185,842
	Jiangxi Copper Co., Ltd., Class H		1,516,000			1,474,858
*	JOYY, Inc., ADR		63,433			3,866,876
	Kingdee International Software Group Co., Ltd.		267,000			381,857
	Kunlun Energy Co., Ltd.		9,690,000			6,312,989
	Kweichow Moutai Co., Ltd., Class A		100			17,814

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
CHINA — (Continued)
	KWG Group Holdings, Ltd.		670,500	$	991,867
	Legend Holdings Corp., Class H		428,300		501,211
	Lenovo Group, Ltd.		19,511,278		10,539,933
	Li Ning Co., Ltd.		2,676,500		8,450,978
	Livzon Pharmaceutical Group, Inc., Class H		49,600		221,042
	Logan Property Holdings Co., Ltd.		3,728,000		5,876,762
	Longfor Group Holdings, Ltd.		2,962,500		15,061,441
#	Metallurgical Corp. of China, Ltd., Class H		3,852,000		668,540
	Momo, Inc., Sponsored ADR		345,497		8,319,568
	NetEase, Inc., ADR		66,818		23,049,537
	New China Life Insurance Co., Ltd., Class H		1,003,200		3,475,797
*	New Oriental Education & Technology Group, Inc., Sponsored ADR		93,806		11,975,274
	Nine Dragons Paper Holdings, Ltd.		3,293,000		3,150,487
	Orient Securities Co., Ltd., Class H		1,280,000		657,600
	People’s Insurance Co. Group of China, Ltd. (The), Class H		7,749,000		2,536,099
#	PetroChina Co., Ltd., ADR		118,623		4,250,262
	PetroChina Co., Ltd., Class H		10,762,000		3,865,619
	PICC Property & Casualty Co., Ltd., Class H		8,297,198		7,939,967
# *	Pinduoduo, Inc., ADR		66,289		3,144,750
	Ping An Bank Co., Ltd., Class A		562,800		1,098,084
# *	Ping An Healthcare and Technology Co., Ltd.		306,900		4,227,851
	Ping An Insurance Group Co. of China, Ltd., Class H		5,575,000		56,732,640
	Postal Savings Bank of China Co., Ltd., Class H		6,028,000		3,602,046
	Qingdao Port International Co., Ltd., Class H		164,000		88,250
	Red Star Macalline Group Corp., Ltd., Class H		464,209		294,824
	SAIC Motor Corp, Ltd., Class A		31,000		82,073
#	Seazen Group, Ltd.		5,844,000		5,678,900
# *	Semiconductor Manufacturing International Corp.		4,132,600		7,756,647
	Shandong Weigao Group Medical Polymer Co., Ltd., Class H		3,608,000		5,481,072
	Shanghai Electric Group Co., Ltd., Class H		3,882,000		1,193,123
	Shanghai Fosun Pharmaceutical Group Co., Ltd., Class H		746,500		2,820,267
	Shanghai Pharmaceuticals Holding Co., Ltd., Class H		1,351,800		2,379,444
	Shenwan Hongyuan Group Co., Ltd.		766,400		185,056
	Shenzhen International Holdings, Ltd.		210,009		405,886
	Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A		20,000		716,559
	Shenzhou International Group Holdings, Ltd.		1,251,200		14,440,889
	Shimao Property Holdings, Ltd.		3,062,871		12,450,184
	Sino Biopharmaceutical, Ltd.		13,413,000		19,550,777
*	Sinopec Oilfield Service Corp., Class H		1,960,000		142,010
	Sinopec Shanghai Petrochemical Co., Ltd., Class H		2,955,000		802,286
	Sinopharm Group Co., Ltd., Class H		2,415,600		6,513,326
	Sinotruk Hong Kong, Ltd.		1,510,500		3,062,601
	Sun Art Retail Group, Ltd.		4,995,500		8,316,904
#	Sunac China Holdings, Ltd.		4,813,000		21,529,758
	Sunny Optical Technology Group Co., Ltd.		581,700		8,100,473
	Tencent Holdings, Ltd.		4,136,100		217,432,430
	Tingyi Cayman Islands Holding Corp.		5,156,000		9,152,414
	TravelSky Technology, Ltd., Class H		1,714,000		3,026,800
*	Trip.com Group Ltd., ADR		526,849		13,571,630
	Tsingtao Brewery Co., Ltd., Class H		752,000		4,568,345
	Uni-President China Holdings, Ltd.		76,000		76,299
	United Energy Group, Ltd.		6,242,000		1,136,792
*	Vipshop Holdings, Ltd., ADR		978,073		15,580,703
	Want Want China Holdings, Ltd.		12,213,000		8,704,711
# *	Weibo Corp., Sponsored ADR		134,278		5,039,453
	Weichai Power Co., Ltd., Class H		3,524,800		6,193,104
	Wuliangye Yibin Co., Ltd., Class A		70,657		1,344,257
	Xinjiang Goldwind Science & Technology Co., Ltd., Class H		1,032,359		1,012,227
#	Xinyi Solar Holdings, Ltd.		6,670,000		4,233,123

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
CHINA — (Continued)
	Yanzhou Coal Mining Co., Ltd., Class H		4,920,000	$	3,738,018
	Yihai International Holding, Ltd.		861,000		6,861,210
	Yum China Holdings, Inc.		404,145		19,584,867
	Zhejiang Expressway Co., Ltd., Class H		904,000		683,692
	Zhongsheng Group Holdings, Ltd.		1,513,000		6,072,746
	Zhuzhou CRRC Times Electric Co., Ltd., Class H		476,700		1,458,290
	Zijin Mining Group Co., Ltd., Class H		8,813,000		3,598,073
	Zoomlion Heavy Industry Science and Technology Co., Ltd., Class H		2,238,600		1,812,339
# *	ZTE Corp., Class H		743,485		2,095,631
#	ZTO Express Cayman, Inc., ADR		364,661		10,852,311

TOTAL CHINA					1,582,447,025

COLOMBIA — (0.2%)
	Banco de Bogota SA		52,622		850,671
	Bancolombia SA, Sponsored ADR		79,834		2,083,667
	Bancolombia SA		206,253		1,319,102
	Cementos Argos SA		237,549		233,709
#	Ecopetrol SA, Sponsored ADR		79,999		835,990
	Ecopetrol SA		3,327,922		1,756,847
	Grupo Argos SA		402,382		937,096
	Grupo Aval Acciones y Valores SA, ADR		81,855		343,791
	Grupo de Inversiones Suramericana SA		298,226		1,621,072
*	Grupo Energia Bogota SA ESP		766,661		433,776
	Grupo Nutresa SA		173,509		966,812
	Interconexion Electrica SA ESP		451,404		2,075,159

TOTAL COLOMBIA					13,457,692

CZECH REPUBLIC — (0.1%)
	CEZ A.S.		178,503		3,318,634
*	Komercni banka A.S.		57,958		1,227,246
	O2 Czech Republic A.S.		71,923		630,004

TOTAL CZECH REPUBLIC					5,175,884

EGYPT — (0.1%)
	Commercial International Bank Egypt S.A.E., GDR		1,485,309		5,695,453
	Commercial International Bank Egypt S.A.E., GDR		770		2,957
	Egyptian Financial Group-Hermes Holding Co., GDR		5,959		8,819
	Egyptian Financial Group-Hermes Holding Co., GDR		9,856		14,579

TOTAL EGYPT					5,721,808

GREECE — (0.3%)
*	Alpha Bank AE		762,661		556,914
*	Eurobank Ergasias Services and Holdings SA, Class A		1,679,991		678,599
*	FF Group		12,618		61,828
	Hellenic Petroleum SA		84,307		559,929
	Hellenic Telecommunications Organization SA		262,977		3,474,317
	JUMBO SA		147,071		2,301,647
	Motor Oil Hellas Corinth Refineries SA		89,758		1,329,934
	Mytilineos SA		88,879		662,764
*	National Bank of Greece SA		392,915		532,822
	OPAP SA		319,281		2,859,899
	Terna Energy SA		78,450		732,641
*	Titan Cement International SA		61,385		849,171

TOTAL GREECE					14,600,465

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
HUNGARY — (0.4%)
	MOL Hungarian Oil & Gas P.L.C.		1,199,674	$	7,594,914
	OTP Bank P.L.C.		262,272		7,767,445
	Richter Gedeon Nyrt		184,699		3,946,785

TOTAL HUNGARY					19,309,144

INDIA — (11.4%)
*	3M India, Ltd.		2,464		626,201
*	5Paisa Capital, Ltd.		3,472		7,186
	ABB India, Ltd.		42,536		510,458
*	ABB Powar Products & System India, Ltd.		8,507		91,297
	ACC, Ltd.		91,975		1,419,848
	Adani Enterprises, Ltd.		131,784		243,114
	Adani Gas, Ltd.		274,364		378,189
*	Adani Green Energy, Ltd.		267,657		744,668
	Adani Ports & Special Economic Zone, Ltd.		1,073,000		4,127,641
*	Adani Power, Ltd.		1,288,677		535,933
*	Adani Transmissions, Ltd.		401,310		1,090,632
*	Aditya Birla Capital, Ltd.		902,487		595,824
*	Aditya Birla Fashion and Retail, Ltd.		207,426		317,357
	AIA Engineering, Ltd.		11,478		247,490
	Ambuja Cements, Ltd.		1,023,104		2,321,672
	Apollo Hospitals Enterprise, Ltd.		102,603		1,890,257
	Ashok Leyland, Ltd.		3,332,094		2,287,961
	Asian Paints, Ltd.		350,292		8,188,738
	Astral Polytechnik, Ltd.		9,818		123,261
	Aurobindo Pharma, Ltd.		749,582		6,130,363
*	Avenue Supermarts, Ltd.		79,439		2,466,172
	Axis Bank, Ltd.		1,556,357		9,075,571
	Bajaj Auto, Ltd.		132,305		4,601,799
	Bajaj Finance, Ltd.		216,107		6,607,339
	Bajaj Finserv, Ltd.		46,272		3,106,270
	Bajaj Holdings & Investment, Ltd.		65,332		1,762,869
	Balkrishna Industries, Ltd.		140,951		1,713,803
	Bandhan Bank, Ltd.		68,599		236,622
*	Bank of Baroda		1,773,450		1,151,537
	Bata India, Ltd.		32,925		601,828
	Bayer CropScience, Ltd.		3,229		183,629
	Berger Paints India, Ltd.		372,075		2,495,157
	Bharat Electronics, Ltd.		1,847,465		1,767,757
	Bharat Forge, Ltd.		348,724		1,416,477
	Bharat Petroleum Corp., Ltd.		775,412		3,812,529
*	Bharti Airtel, Ltd.		2,109,825		14,375,148
	Bharti Infratel, Ltd.		704,276		1,628,024
	Biocon, Ltd.		377,141		1,760,734
	Bosch, Ltd.		11,674		1,630,162
	Britannia Industries, Ltd.		63,182		2,639,627
	Cadila Healthcare, Ltd.		546,772		2,346,754
	Castrol India, Ltd.		367,703		633,509
	Cholamandalam Investment and Finance Co., Ltd.		687,891		1,437,993
	Cipla, Ltd.		656,759		5,114,772
	City Union Bank, Ltd.		91,846		173,874
	Coal India, Ltd.		771,890		1,512,423
	Colgate-Palmolive India, Ltd.		124,817		2,417,332
	Container Corp. Of India, Ltd.		383,872		1,903,972
	Coromandel International, Ltd.		5,122		39,856
	Dabur India, Ltd.		575,459		3,728,137
*	Dalmia Bharat, Ltd.		54,277		375,614
	Divi’s Laboratories, Ltd.		107,580		3,317,382
	DLF, Ltd.		665,071		1,274,014

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
INDIA — (Continued)
	Dr Reddy’s Laboratories, Ltd., ADR		135,944	$	6,958,973
	Dr Reddy’s Laboratories, Ltd.		45,517		2,354,485
	Edelweiss Financial Services, Ltd.		640,553		333,929
	Eicher Motors, Ltd.		17,878		3,457,973
	Emami, Ltd.		130,917		338,828
	Endurance Technologies, Ltd.		7,367		65,694
	Exide Industries, Ltd.		59,394		123,938
*	Future Retail, Ltd.		172,186		195,436
	GAIL India, Ltd.		2,491,096		3,124,071
	GAIL India, Ltd., GDR		102,369		727,649
	General Insurance Corp. of India		58,534		107,596
	Gillette India, Ltd.		2,559		181,265
	GlaxoSmithKline Pharmaceuticals, Ltd.		34,920		662,290
	Glenmark Pharmaceuticals, Ltd.		24,206		107,137
	Godrej Consumer Products, Ltd.		383,501		2,751,111
	Godrej Industries, Ltd.		46,360		162,453
*	Godrej Properties, Ltd.		39,365		349,924
	Grasim Industries, Ltd.		503,943		3,365,092
	Havells India, Ltd.		372,220		2,771,721
	HCL Technologies, Ltd.		1,534,242		11,032,772
	HDFC Asset Management Co., Ltd.		23,512		788,693
	HDFC Bank Ltd.		2,767,968		36,282,920
	HDFC Life Insurance Co., Ltd.		340,923		2,249,609
*	Hemisphere Properties India, Ltd.		109,030		90,816
	Hero MotoCorp, Ltd.		131,435		3,725,269
	Hindalco Industries, Ltd.		2,897,154		4,906,452
	Hindustan Petroleum Corp., Ltd.		824,822		2,396,849
	Hindustan Unilever, Ltd.		860,496		25,029,633
	Honeywell Automation India, Ltd.		1,023		383,559
	Housing Development Finance Corp., Ltd.		950,283		24,039,098
	ICICI Bank, Ltd., Sponsored ADR		1,133,676		11,064,673
	ICICI Bank, Ltd.		1,217,943		6,070,841
	ICICI Lombard General Insurance Co., Ltd.		76,631		1,292,087
	ICICI Prudential Life Insurance Co., Ltd.		248,252		1,349,271
	IIFL Finance, Ltd.		120,008		121,632
	IIFL Securities, Ltd.		120,008		54,212
	IIFL Wealth Management, Ltd.		17,144		214,032
	Indian Hotels Co., Ltd. (The)		182,164		192,908
	Indian Oil Corp., Ltd.		1,482,131		1,651,327
	Indraprastha Gas, Ltd.		285,841		1,810,612
	IndusInd Bank, Ltd.		173,449		1,057,869
	Info Edge India, Ltd.		54,033		1,834,853
	Infosys, Ltd., Sponsored ADR		1,345,607		12,419,953
	Infosys, Ltd.		3,098,099		28,940,119
	InterGlobe Aviation, Ltd.		48,289		631,931
	ITC, Ltd.		3,961,294		9,491,092
*	Jindal Steel & Power, Ltd.		422,520		517,758
	JSW Steel, Ltd.		2,645,885		6,295,843
	Jubilant Foodworks, Ltd.		128,080		2,762,269
	Kansai Nerolac Paints, Ltd.		148,155		803,599
	Kotak Mahindra Bank, Ltd.		538,866		9,665,176
	L&T Finance Holdings, Ltd.		805,646		695,887
	Larsen & Toubro Infotech, Ltd.		82,694		1,740,160
	Larsen & Toubro, Ltd.		406,039		4,817,014
	LIC Housing Finance, Ltd.		706,561		2,643,032
	Lupin, Ltd.		508,768		5,600,475
	Mahindra & Mahindra Financial Services, Ltd.		699,743		1,528,241
	Mahindra & Mahindra, Ltd.		1,210,838		5,856,066
	Marico, Ltd.		758,665		2,890,850

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
INDIA — (Continued)
	Maruti Suzuki India, Ltd.		119,218	$	8,438,526
	Mindtree, Ltd.		3,904		47,211
	Motherson Sumi Systems, Ltd.		2,490,668		2,901,116
	Mphasis, Ltd.		149,384		1,478,255
	MRF, Ltd.		2,787		2,220,344
	Muthoot Finance, Ltd.		360,148		4,150,228
	Nestle India, Ltd.		35,878		8,498,125
	NHPC, Ltd.		2,603,953		717,819
	NMDC, Ltd.		397,000		421,189
	NTPC, Ltd.		1,458,107		1,844,029
	Oberoi Realty, Ltd.		67,329		302,781
	Oil & Natural Gas Corp., Ltd.		1,591,875		1,681,377
	Oil India, Ltd.		152,582		198,694
*	Oracle Financial Services Software, Ltd.		37,250		1,152,958
	Page Industries, Ltd.		8,408		2,031,395
	Petronet LNG, Ltd.		1,959,412		6,294,312
	Pfizer, Ltd.		2,520		164,153
	PI Industries, Ltd.		3,550		74,135
	Pidilite Industries, Ltd.		153,526		3,086,961
	Piramal Enterprises, Ltd.		145,472		1,857,160
	Power Finance Corp., Ltd.		2,049,667		2,590,514
	Power Grid Corp. of India, Ltd.		1,759,012		3,789,927
	Procter & Gamble Hygiene & Health Care, Ltd.		11,092		1,565,997
*	Punjab National Bank		2,198,080		939,636
	Rajesh Exports, Ltd.		104,368		857,050
	Ramco Cements, Ltd. (The)		106,172		778,459
	REC, Ltd.		2,208,192		2,784,818
	Reliance Industries, Ltd.		2,888,961		56,093,472
	SBI Life Insurance Co., Ltd.		132,215		1,269,409
	Shree Cement, Ltd.		10,117		2,620,378
	Shriram Transport Finance Co., Ltd.		471,278		4,889,911
	Siemens, Ltd.		46,139		694,363
	SRF, Ltd.		16,021		785,182
*	State Bank of India		1,248,762		3,120,175
*	State Bank of India, GDR		3,947		99,267
	Sun Pharmaceutical Industries, Ltd.		1,028,262		6,292,237
	Sun TV Network, Ltd.		147,962		752,334
	Sundaram Finance Holdings, Ltd.		27,690		16,818
	Sundaram Finance, Ltd.		31,815		535,192
	Supreme Industries, Ltd.		2,121		30,613
	Tata Chemicals, Ltd.		103,755		387,900
	Tata Communications, Ltd.		109,030		619,095
	Tata Consultancy Services, Ltd.		1,056,733		28,045,010
	Tata Consumer Products, Ltd.		521,576		2,424,344
# *	Tata Motors, Ltd., Sponsored ADR		41,094		243,277
*	Tata Motors, Ltd.		6,345,700		7,724,957
	Tata Steel, Ltd.		937,707		3,632,300
	Tech Mahindra, Ltd.		940,107		6,757,613
	Titan Co., Ltd.		346,544		4,421,458
	Torrent Pharmaceuticals, Ltd.		102,897		3,198,409
	UltraTech Cement, Ltd.		105,617		4,913,274
	United Breweries, Ltd.		118,663		1,480,951
*	United Spirits, Ltd.		386,381		2,746,194
	UPL, Ltd.		1,301,255		7,079,881
	Varun Beverages, Ltd.		13,519		120,085
	Vedanta, Ltd.		3,703,380		4,280,708
*	Vodafone Idea, Ltd.		662,516		36,695
	Voltas, Ltd.		71,701		481,060
	Whirlpool of India, Ltd.		27,842		757,825

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
INDIA — (Continued)
	Wipro, Ltd.		1,810,760	$	4,602,061
	Zee Entertainment Enterprises, Ltd.		1,232,655		2,587,514

TOTAL INDIA					606,872,924

INDONESIA — (2.0%)
	Ace Hardware Indonesia Tbk PT		11,832,300		1,204,344
	Adaro Energy Tbk PT		56,601,000		3,468,546
	Aneka Tambang Tbk		11,370,300		388,549
	Astra Agro Lestari Tbk PT		933,945		380,218
	Astra International Tbk PT		20,364,910		5,208,658
	Bank Central Asia Tbk PT		8,034,700		13,917,625
	Bank Danamon Indonesia Tbk PT		4,650,879		772,620
	Bank Mandiri Persero Tbk PT		12,156,434		3,613,636
	Bank Negara Indonesia Persero Tbk PT		11,287,822		3,080,395
*	Bank Pan Indonesia Tbk PT		3,864,200		193,690
*	Bank Permata Tbk PT		7,533,700		622,550
	Bank Rakyat Indonesia Persero Tbk PT		59,710,700		10,860,622
	Bank Tabungan Negara Persero Tbk PT		4,000,200		235,578
	Bank Tabungan Pensiunan Nasional Syariah TBK		49,700		7,276
*	Barito Pacific Tbk PT		57,751,500		5,591,941
	Bayan Resources Tbk PT		79,500		77,496
	Bukit Asam Tbk PT		10,954,400		1,371,325
*	Bumi Serpong Damai Tbk PT		10,917,100		513,609
	Charoen Pokphand Indonesia Tbk PT		9,557,800		2,938,981
	Ciputra Development Tbk PT		4,428,800		159,653
	Gudang Garam Tbk PT		1,030,300		3,131,908
	Indah Kiat Pulp & Paper Corp. Tbk PT		7,873,100		2,906,215
	Indocement Tunggal Prakarsa Tbk PT		1,332,100		1,033,913
	Indofood CBP Sukses Makmur Tbk PT		2,919,800		1,931,892
	Indofood Sukses Makmur Tbk PT		12,502,100		5,454,835
	Japfa Comfeed Indonesia Tbk PT		525,300		34,190
	Jasa Marga Persero Tbk PT		3,461,813		728,879
	Kalbe Farma Tbk PT		29,856,400		2,884,248
	Mayora Indah Tbk PT		10,532,625		1,520,020
	Media Nusantara Citra Tbk PT		3,313,700		202,083
*	Merdeka Copper Gold Tbk PT		2,099,200		172,739
	Mitra Keluarga Karyasehat Tbk PT		4,366,400		570,973
	Pabrik Kertas Tjiwi Kimia Tbk PT		1,016,100		338,023
	Pakuwon Jati Tbk PT		32,321,300		811,662
	Perusahaan Gas Negara Tbk PT		14,270,600		809,696
	Sarana Menara Nusantara Tbk PT		38,313,400		2,307,185
	Semen Indonesia Persero Tbk PT		3,844,700		2,040,819
	Sinar Mas Agro Resources & Technology Tbk PT		1,035,700		203,661
*	Smartfren Telecom Tbk PT		49,239,100		350,910
	Surya Citra Media Tbk PT		7,728,900		449,789
	Telekomunikasi Indonesia Persero Tbk PT		35,399,000		8,140,071
	Telekomunikasi Indonesia Persero Tbk PT, Sponsored ADR		122,591		2,658,999
	Tower Bersama Infrastructure Tbk PT		12,992,000		1,027,719
	Transcoal Pacific Tbk PT		179,600		53,865
	Unilever Indonesia Tbk PT		9,386,000		5,204,517
	United Tractors Tbk PT		4,737,496		5,167,071
*	Vale Indonesia Tbk PT		4,276,500		731,807
	Waskita Karya Persero Tbk PT		4,870,379		196,814
*	XL Axiata Tbk PT		13,224,900		2,241,149

TOTAL INDONESIA					107,912,964

MALAYSIA — (2.4%)
*	AFFIN Bank Bhd		75,090		26,491

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
MALAYSIA — (Continued)
	AMMB Holdings Bhd		4,261,559	$	2,943,536
	Astro Malaysia Holdings Bhd		2,812,500		615,195
	Axiata Group Bhd		3,897,232		3,553,386
	Batu Kawan Bhd		105,400		313,170
	BIMB Holdings Bhd		1,185,355		870,851
*	Boustead Holdings Bhd		165,500		17,471
	Carlsberg Brewery Malaysia Bhd, Class B		122,900		784,326
	CIMB Group Holdings Bhd		5,087,491		4,067,856
	Dialog Group Bhd		2,303,318		1,778,313
	DiGi.Com Bhd		3,957,220		4,250,602
	Fraser & Neave Holdings Bhd		226,900		1,668,722
	Gamuda Bhd		3,351,146		2,497,836
#	Genting Bhd		3,665,400		3,544,881
#	Genting Malaysia Bhd		6,045,800		3,323,170
#	Genting Plantations Bhd		335,600		742,166
#	HAP Seng Consolidated Bhd		973,700		1,660,175
	Hartalega Holdings Bhd		1,889,700		3,338,255
#	Heineken Malaysia Bhd		121,200		672,399
	Hong Leong Bank Bhd		607,666		1,874,577
#	Hong Leong Financial Group Bhd		557,283		1,697,287
	IHH Healthcare Bhd		941,700		1,145,894
	IJM Corp. Bhd		5,951,062		2,288,265
	Inari Amertron Bhd		3,580,200		1,172,328
	IOI Corp. Bhd		1,524,905		1,435,853
#	IOI Properties Group Bhd		2,769,629		653,403
	Kossan Rubber Industries		580,000		756,372
	Kuala Lumpur Kepong Bhd		267,846		1,301,648
	LPI Capital Bhd		12,900		39,099
#	Malayan Banking Bhd		3,751,538		6,584,162
	Malaysia Airports Holdings Bhd		2,817,341		3,425,275
	Malaysia Building Society Bhd		2,325,560		342,095
	Maxis Bhd		2,881,400		3,661,053
	MISC Bhd		821,598		1,498,149
	Nestle Malaysia Bhd		45,500		1,480,839
	Petronas Chemicals Group Bhd		3,005,100		3,889,917
	Petronas Dagangan Bhd		344,300		1,624,158
	Petronas Gas Bhd		680,800		2,431,818
	PPB Group Bhd		921,580		3,513,040
	Press Metal Aluminium Holdings Bhd		1,846,600		1,681,485
	Public Bank Bhd		3,656,014		13,894,928
#	QL Resources Bhd		1,175,190		2,221,998
#	RHB Bank Bhd		2,934,305		3,229,186
	Serba Dinamik Holdings Bhd		2,892,120		1,060,993
	Sime Darby Bhd		7,217,761		3,343,317
#	Sime Darby Plantation Bhd		1,786,861		2,050,713
	Sime Darby Property Bhd		1,973,561		297,230
	SP Setia Bhd Group		353,411		66,241
	Sunway Bhd		3,657,082		1,328,223
	Telekom Malaysia Bhd		1,604,564		1,497,618
	Tenaga Nasional Bhd		2,912,550		8,246,891
	TIME dotCom Bhd		99,200		225,544
	Top Glove Corp. Bhd		2,579,700		4,347,671
	UMW Holdings Bhd		260,366		128,327
	United Plantations Bhd		38,500		220,124
	Westports Holdings Bhd		1,788,800		1,526,743
	Yinson Holdings Bhd		765,800		920,922
	YTL Corp. Bhd		12,992,199		2,301,456
#	YTL Power International Bhd		1,177,997		186,680

TOTAL MALAYSIA					126,260,323

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
MEXICO — (2.5%)
	Alfa S.A.B. de C.V., Class A		11,293,476	$	4,624,978
#	America Movil S.A.B. de C.V.		42,138,949		25,457,163
	America Movil S.A.B. de C.V., Sponsored ADR, Class L		109,448		1,317,754
	Arca Continental S.A.B. de C.V.		595,112		2,288,000
#	Becle S.A.B. de C.V.		813,902		1,241,740
	Cemex S.A.B. de C.V.		25,115,105		5,314,594
	Coca-Cola Femsa S.A.B. de C.V., Sponsored ADR		29,997		1,239,176
	Coca-Cola Femsa S.A.B. de C.V.		415,925		1,664,494
#	El Puerto de Liverpool S.A.B. de C.V.		334,218		843,692
#	Fomento Economico Mexicano S.A.B. de C.V.		1,044,437		6,739,156
	Gruma S.A.B. de C.V., Class B		562,120		5,321,959
	Grupo Aeroportuario del Pacifico S.A.B. de C.V., ADR		11,244		697,128
#	Grupo Aeroportuario del Pacifico S.A.B. de C.V., Class B		466,141		2,893,822
#	Grupo Aeroportuario del Sureste S.A.B. de C.V., ADR		32,933		3,283,749
#	Grupo Bimbo S.A.B. de C.V., Class A		3,233,017		4,740,667
#	Grupo Carso S.A.B. de C.V.		793,269		1,575,940
	Grupo Elektra S.A.B. de C.V.		93,302		5,330,769
	Grupo Financiero Banorte S.A.B. de C.V., Class O		4,281,860		11,722,216
#	Grupo Financiero Inbursa S.A.B. de C.V., Class O		3,772,596		2,252,506
#	Grupo Mexico S.A.B. de C.V., Class B		4,492,970		9,554,156
*	Grupo Qumma S.A. de C.V.		1,591		0
	Grupo Televisa S.A.B., Sponsored ADR		221,037		1,182,548
#	Grupo Televisa S.A.B		3,855,546		4,084,150
	Industrias Penoles S.A.B. de C.V.		367,286		2,811,679
	Infraestructura Energetica Nova S.A.B. de C.V.		430,476		1,334,956
	Kimberly-Clark de Mexico S.A.B. de C.V., Class A		2,585,605		3,652,954
	Megacable Holdings S.A.B. de C.V.		250,780		624,323
	Orbia Advance Corp. S.A.B. de C.V.		3,444,833		4,097,895
	Organizacion Soriana S.A.B. de C.V., Class B		919,802		682,381
	Promotora y Operadora de Infraestructura S.A.B. de C.V.		333,142		2,308,675
#	Wal-Mart de Mexico S.A.B. de C.V.		5,908,041		14,259,605

TOTAL MEXICO					133,142,825

PERU — (0.2%)
#	Cementos Pacasmayo SAA, ADR		15,158		92,314
	Cia de Minas Buenaventura SAA, ADR		125,122		937,164
	Credicorp, Ltd.		53,103		7,913,409
*	Grana y Montero SAA, Sponsored ADR		91,004		163,807

TOTAL PERU					9,106,694

PHILIPPINES — (1.1%)
	Aboitiz Equity Ventures, Inc.		1,487,570		1,213,471
	Aboitiz Power Corp.		1,440,600		777,450
*	Alliance Global Group, Inc.		4,690,800		596,853
	Altus San Nicolas Corp.		61,317		2,363
	Ayala Corp.		182,982		2,081,439
	Ayala Land, Inc.		8,733,718		5,452,650
	Bank of the Philippine Islands		1,309,282		1,503,777
	BDO Unibank, Inc.		1,553,962		3,057,679
	Bloomberry Resorts Corp.		1,372,900		151,863
	DMCI Holdings, Inc.		5,822,800		473,448
	Emperador, Inc.		1,979,300		310,157
*	Fwbc Holdings, Inc.		2,006,957		0
	Globe Telecom, Inc.		59,865		2,596,962
	GT Capital Holdings, Inc.		160,536		1,437,292
	International Container Terminal Services, Inc.		1,918,980		3,356,522
	JG Summit Holdings, Inc.		3,682,780		3,667,886
	Jollibee Foods Corp.		766,260		2,164,817

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
PHILIPPINES — (Continued)
	LT Group, Inc.		4,279,200	$	653,987
	Manila Electric Co.		241,250		1,204,563
	Megaworld Corp.		26,875,000		1,356,189
	Metro Pacific Investments Corp.		12,417,700		626,063
	Metropolitan Bank & Trust Co.		2,147,218		1,642,247
#	PLDT, Inc., Sponsored ADR		121,988		3,019,203
	PLDT, Inc.		120,010		3,041,661
	Puregold Price Club, Inc.		2,182,700		1,986,606
	Robinsons Land Corp.		3,219,282		951,178
	Robinsons Retail Holdings, Inc.		560,060		739,641
	San Miguel Corp.		1,458,460		2,799,735
	San Miguel Food and Beverage, Inc.		48,780		57,300
	Security Bank Corp.		429,970		869,776
	SM Investments Corp.		129,453		2,157,671
	SM Prime Holdings, Inc.		7,772,210		4,732,982
*	Top Frontier Investment Holdings, Inc.		21,209		59,391
	Universal Robina Corp.		1,105,400		2,736,058

TOTAL PHILIPPINES					57,478,880

POLAND — (1.0%)
*	AmRest Holdings SE		72,397		485,747
	Asseco Poland SA		13,849		223,798
#	Bank Handlowy w Warszawie SA		52,132		463,335
*	Bank Millennium SA		1,207,528		822,356
	Bank Polska Kasa Opieki SA		80,250		1,017,955
	CCC SA		16,276		205,604
	CD Projekt SA		46,198		4,044,568
	Cyfrowy Polsat SA		446,971		2,763,540
# *	Dino Polska SA		64,201		2,715,047
	Grupa Lotos SA		300,170		4,555,160
*	ING Bank Slaski SA		35,413		1,147,545
*	KGHM Polska Miedz SA		384,416		7,230,545
#	LPP SA		2,006		3,162,023
*	mBank SA		29,515		1,571,802
*	Orange Polska SA		921,255		1,564,428
*	PGE Polska Grupa Energetyczna SA		1,423,682		1,423,942
	Polski Koncern Naftowy Orlen SA		546,401		8,294,008
	Polskie Gornictwo Naftowe i Gazownictwo SA		1,110,257		999,372
	Powszechna Kasa Oszczednosci Bank Polski SA		729,574		3,904,504
#	Powszechny Zaklad Ubezpieczen SA		741,191		5,470,816
	Santander Bank Polska SA		28,971		1,151,575

TOTAL POLAND					53,217,670

QATAR — (0.0%)
	Industries Qatar QSC		11,322		21,862
	Masraf Al Rayan QSC		92,631		96,936
	Qatar Electricity & Water Co QSC		21,250		87,851
	Qatar Islamic Bank SAQ		12,382		52,617
	Qatar National Bank QPSC		40,349		190,312

TOTAL QATAR					449,578

RUSSIA — (1.6%)
	Gazprom PJSC, Sponsored ADR		1,532,757		7,761,819
	Gazprom PJSC, Sponsored ADR		515,882		2,605,204
	Lukoil PJSC, Sponsored ADR		240,181		15,668,865
	Magnitogorsk Iron & Steel Works PJSC, GDR		199,210		1,398,304
*	Mail.Ru Group, Ltd., GDR		26,729		481,122
	MMC Norilsk Nickel PJSC, ADR		1,184		32,371

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
RUSSIA — (Continued)
	MMC Norilsk Nickel PJSC, ADR		384,564	$	10,666,971
	Mobile TeleSystems PJSC, Sponsored ADR		433,757		3,717,298
	Novatek PJSC, GDR		20,814		2,918,788
	Novolipetsk Steel PJSC, GDR		111,869		1,914,715
	Novolipetsk Steel PJSC, GDR		22,589		389,660
	PhosAgro PJSC, GDR		83,207		1,002,975
	PhosAgro PJSC, GDR		2,148		25,948
	Polyus PJSC, GDR		18,709		1,523,848
	Polyus PJSC, GDR		1,468		119,275
	Rosneft Oil Co. PJSC, GDR		71,061		318,495
	Rosneft Oil Co. PJSC, GDR		700,727		3,141,732
	Rostelecom PJSC, Sponsored ADR		13,063		84,910
	Rostelecom PJSC, Sponsored ADR		78,867		523,316
	RusHydro PJSC, ADR		8,031		6,786
	RusHydro PJSC, ADR		1,110,606		887,262
	Sberbank of Russia PJSC, Sponsored ADR		1,106,940		11,751,761
	Severstal PAO, GDR		191,829		2,286,771
	Severstal PAO, GDR		11,227		134,050
	Tatneft PJSC, Sponsored ADR		137,960		6,145,926
	Tatneft PJSC, Sponsored ADR		32,162		1,428,797
	VEON, Ltd., ADR		361,489		618,146
	VTB Bank PJSC, GDR		1,358,280		1,274,114
	VTB Bank PJSC, GDR		1,104,344		1,042,501
	X5 Retail Group NV, GDR		114,794		3,388,719

TOTAL RUSSIA					83,260,449

SAUDI ARABIA — (0.1%)
	Abdullah Al Othaim Markets Co.		4,824		127,913
	Advanced Petrochemical Co.		7,094		83,935
	Al Rajhi Bank		88,382		1,343,481
	Almarai Co. JSC		12,242		159,620
	Bank AlBilad		17,490		105,418
	Banque Saudi Fransi		9,807		80,601
	Bupa Arabia for Cooperative Insurance Co.		2,291		65,253
*	Co. for Cooperative Insurance (The)		6,443		123,589
*	Dar Al Arkan Real Estate Development Co.		84,873		182,051
*	Etihad Etisalat Co.		44,162		326,196
	National Commercial Bank		43,117		425,537
	National Petrochemical Co.		3,027		16,175
*	Rabigh Refining & Petrochemical Co.		84,175		305,679
	Samba Financial Group		38,845		239,920
	Saudi Arabian Fertilizer Co.		3,997		74,952
	Saudi Electricity Co.		22,957		103,949
*	Saudi Kayan Petrochemical Co.		83,909		192,666
*	Savola Group (The)		13,785		148,438
	Yanbu National Petrochemical Co.		13,273		158,153

TOTAL SAUDI ARABIA					4,263,526

SOUTH AFRICA — (4.8%)
	Absa Group, Ltd.		1,699,931		8,389,415
	Anglo American Platinum, Ltd.		84,577		4,438,601
	AngloGold Ashanti, Ltd., Sponsored ADR		1,137,975		27,755,210
*	Aspen Pharmacare Holdings, Ltd.		725,979		4,528,446
	Assore, Ltd.		44,452		755,095
	Bid Corp., Ltd.		370,728		4,831,403
	Bidvest Group, Ltd. (The)		983,621		7,987,915
	Capitec Bank Holdings, Ltd.		58,195		2,836,947
	Clicks Group, Ltd.		444,655		5,538,744

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
SOUTH AFRICA — (Continued)
	Discovery, Ltd.		835,792	$	4,385,004
#	Exxaro Resources, Ltd.		706,515		4,101,480
	FirstRand, Ltd.		4,821,116		10,522,107
	Foschini Group, Ltd. (The)		370,516		1,453,726
	Gold Fields, Ltd.		61,553		458,176
	Gold Fields, Ltd., Sponsored ADR		3,335,761		24,484,486
#	Impala Platinum Holdings, Ltd.		1,398,536		8,341,224
	Investec, Ltd.		596,531		1,242,330
	Kumba Iron Ore, Ltd.		144,273		2,715,321
	Liberty Holdings, Ltd.		141,760		537,575
	Life Healthcare Group Holdings, Ltd.		2,991,896		2,876,559
	Momentum Metropolitan Holdings		46,831		43,819
	Mr. Price Group, Ltd.		439,100		3,128,466
#	MTN Group, Ltd.		4,077,215		10,714,346
*	MultiChoice Group, Ltd.		901,332		4,224,452
	Naspers, Ltd., Class N		236,845		36,864,544
	Nedbank Group, Ltd.		878,815		5,108,960
	NEPI Rockcastle P.L.C.		517,613		2,215,019
*	Ninety One, Ltd.		298,265		628,375
# *	Northam Platinum, Ltd.		582,202		2,885,645
	Old Mutual, Ltd.		7,858,201		5,704,290
	Pepkor Holdings, Ltd.		189,137		123,473
	Pick n Pay Stores, Ltd.		37,235		116,649
	PSG Group, Ltd.		289,732		2,474,539
	Sanlam, Ltd.		1,854,766		5,929,522
	Santam, Ltd.		2,843		42,139
# *	Sasol, Ltd., Sponsored ADR		742,393		3,548,639
#	Shoprite Holdings, Ltd.		1,061,701		6,145,932
*	Sibanye Stillwater, Ltd.		3,791,309		7,723,548
# *	Sibanye Stillwater, Ltd., ADR		395,460		3,151,816
#	SPAR Group, Ltd. (The)		341,264		3,252,859
#	Standard Bank Group, Ltd.		2,025,494		11,176,064
# *	Steinhoff International Holdings NV		3,896,458		234,219
#	Tiger Brands, Ltd.		449,659		4,378,573
	Vodacom Group, Ltd.		888,759		5,906,565
	Woolworths Holdings, Ltd.		2,377,075		3,914,666

TOTAL SOUTH AFRICA					257,816,883

SOUTH KOREA — (14.1%)
*	Alteogen, Inc.		7,473		578,141
	Amorepacific Corp.		20,758		3,006,791
	AMOREPACIFIC Group		19,744		944,918
	BGF retail Co., Ltd.		12,966		1,677,403
	BNK Financial Group, Inc.		492,680		2,048,902
	Bukwang Pharmaceutical Co., Ltd.		30,349		647,026
# *	Celltrion Pharm, Inc.		12,163		707,637
# *	Celltrion, Inc.		67,643		11,691,155
	Cheil Worldwide, Inc.		121,186		1,768,687
	CJ CheilJedang Corp.		18,972		4,267,751
	CJ Corp.		56,308		3,760,936
	CJ ENM Co., Ltd.		23,451		2,467,192
# *	CJ Logistics Corp.		19,082		2,317,460
	Com2uSCorp		13,570		1,194,977
	Coway Co., Ltd.		67,004		3,395,883
	Daelim Industrial Co., Ltd.		64,004		4,618,145
*	Daewoo Engineering & Construction Co., Ltd.		514,872		1,510,701
*	Daewoo Shipbuilding & Marine Engineering Co., Ltd.		71,856		1,012,212
	Daewoong Pharmaceutical Co., Ltd.		3,379		296,249
	DB HiTek Co., Ltd.		9,251		203,389

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
	DB Insurance Co., Ltd.		133,456	$	4,874,483
	DGB Financial Group, Inc.		84,135		365,231
	Dongsuh Cos., Inc.		32,900		466,712
	Doosan Bobcat, Inc.		92,004		1,780,771
	Doosan Co., Ltd.		5,951		198,226
# *	Doosan Fuel Cell Co., Ltd.		51,053		314,310
*	Doosan Heavy Industries & Construction Co., Ltd.		378,754		1,230,376
# *	Doosan Infracore Co., Ltd.		390,720		1,374,669
*	Doosan Solus Co., Ltd.		28,141		767,211
	Douzone Bizon Co., Ltd.		33,863		2,454,118
	E-MART, Inc.		31,648		3,118,617
	Eo Technics Co., Ltd.		2,883		172,084
#	F&F Co., Ltd.		10,001		877,993
	Fila Holdings Corp.		112,043		3,203,362
*	Genexine Co., Ltd.		12,790		693,294
	Grand Korea Leisure Co., Ltd.		41,934		546,526
#	Green Cross Corp.		8,391		1,024,827
	Green Cross Holdings Corp.		7,354		128,193
	GS Engineering & Construction Corp.		164,377		3,432,156
	GS Holdings Corp.		189,684		5,968,483
	GS Home Shopping, Inc.		3,327		348,578
	GS Retail Co., Ltd.		78,136		2,434,607
	Hana Financial Group, Inc.		429,523		9,805,154
# *	Hanall Biopharma Co., Ltd.		29,892		596,402
#	Hanjin Kal Corp.		30,459		2,178,176
	Hankook Tire & Technology Co., Ltd.		186,539		3,272,766
	Hanmi Pharm Co., Ltd.		6,683		1,425,833
	Hanmi Science Co., Ltd.		10,825		254,832
	Hanon Systems		248,636		1,872,915
#	Hanssem Co., Ltd.		14,339		860,123
*	Hanwha Aerospace Co., Ltd.		61,456		1,353,537
	Hanwha Corp.		71,086		1,212,520
	Hanwha Life Insurance Co., Ltd.		642,804		957,749
	Hanwha Solutions Corp.		178,195		2,132,633
# *	Helixmith Co., Ltd.		19,776		1,080,354
	Hite Jinro Co., Ltd.		39,010		1,040,894
# *	HLB, Inc.		26,246		2,057,938
*	HMM Co., Ltd.		141,234		419,609
	Hotel Shilla Co., Ltd.		55,107		3,852,897
*	Hugel, Inc.		1,919		602,085
*	Hyosung Advanced Materials Corp.		478		32,190
	Hyosung Chemical Corp.		583		55,202
#	Hyosung Corp.		17,261		987,781
	Hyosung TNC Co., Ltd.		2,755		294,788
	Hyundai Department Store Co., Ltd.		25,425		1,517,009
	Hyundai Elevator Co., Ltd.		17,365		887,644
	Hyundai Engineering & Construction Co., Ltd.		154,848		4,488,910
	Hyundai Glovis Co., Ltd.		40,508		3,385,599
	Hyundai Greenfood Co., Ltd.		26,645		178,663
#	Hyundai Heavy Industries Holdings Co., Ltd.		13,834		2,762,140
	Hyundai Home Shopping Network Corp.		3,380		199,721
	Hyundai Marine & Fire Insurance Co., Ltd.		236,365		5,111,634
	Hyundai Mipo Dockyard Co., Ltd.		47,025		1,189,680
	Hyundai Mobis Co., Ltd.		37,378		5,284,509
	Hyundai Motor Co.		108,658		8,398,440
# *	Hyundai Rotem Co., Ltd.		56,496		838,423
	Hyundai Steel Co.		135,445		2,409,014
	Hyundai Wia Corp.		17,677		478,907
	Iljin Materials Co., Ltd.		25,261		828,178

THE EMERGING MARKETS SERIES

CONTINUED


		Shares			Value»
SOUTH KOREA — (Continued)
	Industrial Bank of Korea		489,000		$	3,185,529
	Innocean Worldwide, Inc.		7,758			371,424
#	Kakao Corp.		19,955			3,015,575
	Kangwon Land, Inc.		142,003			2,934,812
	KB Financial Group, Inc.		221,779			6,345,378
	KB Financial Group, Inc., ADR		31,200			877,968
	KCC Corp.		9,439			1,284,703
*	KCC Glass Corp.		1,840	��		43,555
	KEPCO Plant Service & Engineering Co., Ltd.		40,998			1,095,504
	Kia Motors Corp.		394,487			9,635,224
	KIWOOM Securities Co., Ltd.		30,408			1,866,841
# *	KMW Co., Ltd.		45,444			2,263,961
	Koh Young Technology, Inc.		10,284			685,716
	Kolon Industries, Inc.		40,014			1,013,762
# *	Komipharm International Co., Ltd.		31,752			512,456
	Korea Aerospace Industries, Ltd.		37,044			781,508
*	Korea Electric Power Corp., Sponsored ADR		102,895			988,821
*	Korea Electric Power Corp.		108,108			2,112,931
	Korea Gas Corp.		41,078			907,272
	Korea Investment Holdings Co., Ltd.		100,674			4,168,037
*	Korea Shipbuilding & Offshore Engineering Co., Ltd.		42,167			2,860,314
	Korea Zinc Co., Ltd.		12,663			4,024,733
*	Korean Air Lines Co., Ltd.		203,142			3,324,972
	Korean Reinsurance Co.		47,885			331,101
	KT Corp., Sponsored ADR		82,100			805,401
	KT&G Corp.		100,714			6,724,416
	Kumho Petrochemical Co., Ltd.		53,745			3,389,275
*	Kumho Tire Co., Inc.		58,292			146,936
	LEENO Industrial, Inc.		10,832			796,251
	LG Chem, Ltd.		29,305			9,105,448
	LG Corp.		117,876			5,998,058
# *	LG Display Co., Ltd., ADR		646,370			2,908,665
# *	LG Display Co., Ltd.		501,190			4,547,096
	LG Electronics, Inc.		320,927			14,443,342
	LG Household & Health Care, Ltd.		11,748			13,322,183
	LG Innotek Co., Ltd.		47,253			5,119,507
	LG Uplus Corp.		528,937			5,808,291
	Lotte Chemical Corp.		22,335			3,969,050
	Lotte Chilsung Beverage Co., Ltd.		3,309			296,842
	Lotte Confectionery Co., Ltd.		237			24,933
#	Lotte Corp.		56,221			1,855,982
	LOTTE Fine Chemical Co., Ltd.		35,146			1,128,938
#	Lotte Shopping Co., Ltd.		16,661			1,364,406
	LS Corp.		31,852			984,147
	LS Electric Co., Ltd.		33,789			1,088,127
	Macquarie Korea Infrastructure Fund		371,402			3,490,775
	Mando Corp.		124,735			2,433,725
	Medy-Tox, Inc.		7,574			721,340
	Meritz Financial Group, Inc.		111,876			906,692
	Meritz Fire & Marine Insurance Co., Ltd.		189,338			2,153,684
	Meritz Securities Co., Ltd.		773,421			2,081,851
#	Mirae Asset Daewoo Co., Ltd.		468,090			2,157,890
	NAVER Corp.		89,419			14,497,553
	NCSoft Corp.		10,480			5,552,817
# *	Netmarble Corp.		11,029			866,725
	NH Investment & Securities Co., Ltd.		294,421			2,342,932
*	NHN Corp.		17,803			1,114,776
	NongShim Co., Ltd.		3,552			861,033
*	OCI Co., Ltd.		31,214			1,024,373

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
	Orion Corp.		8,589	$	879,950
	Orion Holdings Corp.		57,946		672,126
	Ottogi Corp.		1,318		589,424
*	Pan Ocean Co., Ltd.		431,074		1,219,565
	Paradise Co., Ltd.		63,797		827,505
*	Pearl Abyss Corp.		11,442		1,809,771
#	POSCO, Sponsored ADR		62,343		2,319,783
	POSCO		70,065		10,587,201
	POSCO Chemical Co., Ltd.		20,216		864,087
	Posco International Corp.		165,596		1,924,774
	RFHIC Corp.		11,173		352,406
	S-1 Corp.		27,240		1,937,834
*	Samsung Biologics Co., Ltd.		6,438		3,075,321
	Samsung C&T Corp.		50,541		4,425,602
	Samsung Card Co., Ltd.		53,759		1,329,252
	Samsung Electro-Mechanics Co., Ltd.		66,506		6,217,703
	Samsung Electronics Co., Ltd.		4,912,950		202,008,351
	Samsung Electronics Co., Ltd. US7960508882, GDR		49,401		51,333,104
*	Samsung Engineering Co., Ltd.		275,085		2,596,264
	Samsung Fire & Marine Insurance Co., Ltd.		57,899		9,080,431
*	Samsung Heavy Industries Co., Ltd.		802,340		2,820,336
	Samsung Life Insurance Co., Ltd.		97,743		3,963,940
	Samsung SDI Co., Ltd.		18,807		4,442,887
	Samsung SDS Co., Ltd.		22,002		2,935,141
	Samsung Securities Co., Ltd.		106,651		2,642,635
#	Seegene, Inc.		11,033		830,981
	Seoul Semiconductor Co., Ltd.		43,467		472,059
	SFA Engineering Corp.		31,691		913,592
	Shinhan Financial Group Co., Ltd.		354,020		8,975,321
#	Shinhan Financial Group Co., Ltd., ADR		56,372		1,438,613
#	Shinsegae International, Inc.		2,532		452,884
	Shinsegae, Inc.		18,532		4,020,404
	SK Holdings Co., Ltd.		38,964		5,816,024
	SK Hynix, Inc.		683,251		47,019,660
	SK Innovation Co., Ltd.		68,386		5,516,680
	SK Materials Co., Ltd.		9,016		1,169,493
#	SK Networks Co., Ltd.		438,461		1,943,746
	SK Telecom Co., Ltd.		16,438		2,856,986
	SKC Co., Ltd.		43,408		1,771,241
	S-Oil Corp.		53,859		3,092,308
	Soulbrain Co., Ltd.		19,104		1,149,824
#	Ssangyong Cement Industrial Co., Ltd.		189,600		798,177
	Taekwang Industrial Co., Ltd.		224		147,129
*	WONIK IPS Co., Ltd.		25,087		573,044
	Woori Financial Group, Inc.		688,663		4,769,295
	Young Poong Corp.		273		117,231
	Youngone Corp.		47,262		1,059,557
	Yuhan Corp.		51,735		2,009,928
*	Yungjin Pharmaceutical Co., Ltd.		41,594		169,991

TOTAL SOUTH KOREA					754,800,349

TAIWAN — (16.5%)
#	Accton Technology Corp.		836,000		6,060,219
	Acer, Inc.		4,911,811		2,719,403
	Advantech Co., Ltd.		288,663		2,730,257
	Airtac International Group		163,518		3,133,538
	ASE Technology Holding Co., Ltd., ADR		133,966		582,753
	ASE Technology Holding Co., Ltd.		7,079,782		15,771,711
	Asia Cement Corp.		4,335,758		6,369,663

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
	Asustek Computer, Inc.		1,051,180	$	7,105,596
#	AU Optronics Corp.		15,160,873		3,987,016
	Catcher Technology Co., Ltd.		1,228,429		9,304,727
	Cathay Financial Holding Co., Ltd.		6,613,340		8,824,300
	Chailease Holding Co., Ltd.		2,533,473		9,625,576
	Chang Hwa Commercial Bank, Ltd.		9,130,413		5,970,621
	Cheng Shin Rubber Industry Co., Ltd.		3,306,965		3,801,695
	Chicony Electronics Co., Ltd.		1,182,497		3,330,891
	China Airlines, Ltd.		9,779,536		2,698,880
	China Development Financial Holding Corp.		17,532,121		5,304,664
*	China Life Insurance Co., Ltd.		4,293,933		2,931,986
	China Petrochemical Development Corp.		3,324,300		897,088
	China Steel Corp.		20,917,932		14,010,136
	Chipbond Technology Corp.		1,246,000		2,345,598
	Chroma ATE, Inc.		669,000		3,082,799
	Chunghwa Telecom Co., Ltd., Sponsored ADR		183,296		6,747,126
	Chunghwa Telecom Co., Ltd.		1,462,000		5,373,438
	Compal Electronics, Inc.		10,157,541		6,475,367
	CTBC Financial Holding Co., Ltd.		18,170,175		12,108,468
	Delta Electronics, Inc.		2,917,486		13,607,756
	E Ink Holdings, Inc.		456,000		470,144
	E.Sun Financial Holding Co., Ltd.		16,099,057		14,627,445
#	Eclat Textile Co., Ltd.		389,402		3,887,535
	Eternal Materials Co., Ltd.		808,591		725,012
	Eva Airways Corp.		8,294,758		3,189,994
*	Evergreen Marine Corp. Taiwan, Ltd.		5,774,222		2,137,387
	Far Eastern International Bank		412,653		146,864
	Far Eastern New Century Corp.		6,554,085		5,691,349
	Far EasTone Telecommunications Co., Ltd.		3,371,000		7,508,142
#	Feng TAY Enterprise Co., Ltd.		405,466		2,306,767
	First Financial Holding Co., Ltd.		16,333,297		12,029,030
	Formosa Chemicals & Fibre Corp.		2,743,518		6,949,394
	Formosa Petrochemical Corp.		700,000		2,100,220
	Formosa Plastics Corp.		2,416,153		7,092,001
#	Formosa Sumco Technology Corp.		156,000		772,157
	Formosa Taffeta Co., Ltd.		1,445,000		1,647,612
	Foxconn Technology Co., Ltd.		1,456,627		2,796,857
	Fubon Financial Holding Co., Ltd.		6,629,233		9,373,597
	General Interface Solution Holding, Ltd.		378,000		1,200,794
	Genius Electronic Optical Co., Ltd.		119,695		1,923,911
#	Giant Manufacturing Co., Ltd.		566,506		3,339,313
#	Globalwafers Co., Ltd.		293,000		3,729,020
	Highwealth Construction Corp.		1,681,190		2,453,207
#	Hiwin Technologies Corp.		373,205		3,559,698
	Hon Hai Precision Industry Co., Ltd.		8,462,322		21,747,882
	Hotai Motor Co., Ltd.		330,000		6,092,832
	Hua Nan Financial Holdings Co., Ltd.		10,139,308		6,586,307
#	Innolux Corp.		14,488,241		3,146,906
	Inventec Corp.		5,188,550		4,076,770
	ITEQ Corp.		142,455		687,628
	King’s Town Bank Co., Ltd.		642,000		686,237
	Largan Precision Co., Ltd.		69,860		9,522,864
	Lien Hwa Industrial Holdings Corp.		87,780		126,447
	Lite-On Technology Corp.		4,435,410		6,892,401
#	Macronix International		4,266,074		5,089,722
	MediaTek, Inc.		778,995		10,756,695
	Mega Financial Holding Co., Ltd.		6,981,369		7,022,761
#	Merida Industry Co., Ltd.		184,287		941,143
	Micro-Star International Co., Ltd.		1,591,000		4,935,197

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
	momo.com, Inc.		33,000	$	532,179
	Nan Ya Plastics Corp.		3,366,599		7,447,776
	Nanya Technology Corp.		2,103,010		4,514,282
	Nien Made Enterprise Co., Ltd.		368,000		2,823,720
	Novatek Microelectronics Corp.		1,221,000		7,593,348
	Parade Technologies, Ltd.		86,000		2,113,678
	Pegatron Corp.		4,039,345		8,861,947
	Phison Electronics Corp.		298,000		2,827,890
	Pou Chen Corp.		5,223,487		4,918,926
	Powertech Technology, Inc.		2,453,819		8,205,720
	Poya International Co., Ltd.		55,275		923,819
	President Chain Store Corp.		659,831		6,823,132
	Qisda Corp.		3,185,000		1,795,758
	Quanta Computer, Inc.		3,969,000		8,575,687
	Radiant Opto-Electronics Corp.		865,000		2,838,928
#	Realtek Semiconductor Corp.		451,950		3,870,194
	Ruentex Development Co., Ltd.		428,230		637,339
	Ruentex Industries, Ltd.		220,109		504,113
#	Shin Kong Financial Holding Co., Ltd.		17,116,242		4,872,774
#	Silergy Corp.		80,000		3,178,267
	Simplo Technology Co., Ltd.		338,000		3,510,329
	Sino-American Silicon Products, Inc.		1,508,000		4,454,308
	SinoPac Financial Holdings Co., Ltd.		14,729,623		5,995,167
	Standard Foods Corp.		839,418		1,891,918
	Synnex Technology International Corp.		2,227,343		2,972,594
#	TA Chen Stainless Pipe		1,806,000		1,604,486
	Taichung Commercial Bank Co., Ltd.		1,425,688		546,089
	Taishin Financial Holding Co., Ltd.		16,966,307		7,216,321
	Taiwan Business Bank		9,860,462		3,571,940
#	Taiwan Cement Corp.		9,177,565		13,241,164
	Taiwan Cooperative Financial Holding Co., Ltd.		12,723,570		8,544,042
	Taiwan FamilyMart Co., Ltd.		78,000		579,953
	Taiwan Fertilizer Co., Ltd.		592,000		912,358
	Taiwan Glass Industry Corp.		1,332,374		400,616
	Taiwan High Speed Rail Corp.		1,960,000		2,238,530
	Taiwan Mobile Co., Ltd.		1,977,300		7,124,428
	Taiwan Secom Co., Ltd.		432,670		1,279,776
	Taiwan Semiconductor Manufacturing Co., Ltd., Sponsored ADR		1,261,386		67,017,438
	Taiwan Semiconductor Manufacturing Co., Ltd.		21,917,808		221,102,370
# *	Tatung Co., Ltd.		2,514,000		1,806,432
	Teco Electric and Machinery Co., Ltd.		3,167,000		2,849,842
	Tripod Technology Corp.		893,870		3,158,398
	Unimicron Technology Corp.		3,158,000		4,472,744
	Uni-President Enterprises Corp.		5,022,033		11,693,231
	United Microelectronics Corp.		22,539,000		11,660,890
	Vanguard International Semiconductor Corp.		1,903,000		4,414,993
	Voltronic Power Technology Corp.		102,117		2,424,092
#	Walsin Lihwa Corp.		4,225,000		1,853,812
#	Walsin Technology Corp.		1,016,000		7,195,474
	Wan Hai Lines, Ltd.		1,467,800		827,236
#	Win Semiconductors Corp.		338,034		3,021,878
	Winbond Electronics Corp.		7,437,407		3,451,151
*	Wintek Corp.		604,760		6,978
	Wistron Corp.		7,090,699		6,649,243
	WPG Holdings, Ltd.		3,636,039		4,736,585
#	Yageo Corp.		540,682		6,995,526
	Yuanta Financial Holding Co., Ltd.		14,821,806		8,448,117
	Zhen Ding Technology Holding, Ltd.		1,020,700		3,662,596

TOTAL TAIWAN					880,263,036

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
THAILAND — (2.8%)
	Advanced Info Service PCL		1,478,300	$	9,046,620
	AEON Thana Sinsap Thailand PCL		4,400		17,883
	Airports of Thailand PCL		4,046,800		7,785,916
	B Grimm Power PCL		1,087,900		1,504,668
	Bangkok Bank PCL		207,800		667,940
	Bangkok Bank PCL		493,400		1,585,956
	Bangkok Dusit Medical Services PCL, Class F		8,356,100		5,371,871
	Bangkok Expressway & Metro PCL		10,921,599		3,189,897
	Banpu PCL		8,005,550		1,447,457
	Banpu Power PCL		476,900		229,938
	Berli Jucker PCL		1,771,800		2,204,140
	BTS Group Holdings PCL		4,387,200		1,559,351
	Bumrungrad Hospital PCL		811,000		2,945,217
	Carabao Group PCL, Class F		771,000		1,882,522
	Central Pattana PCL		1,713,700		2,595,311
*	Central Retail Corp. PCL		293,550		335,693
	Charoen Pokphand Foods PCL		8,240,700		6,876,801
	CP ALL PCL		5,689,600		12,485,291
	Delta Electronics Thailand PCL		195,100		269,842
	Electricity Generating PCL		182,600		1,614,081
	Energy Absolute PCL		2,036,000		2,532,808
	Global Power Synergy PCL, Class F		398,000		867,223
	Home Product Center PCL		6,546,913		2,751,909
	Indorama Ventures PCL		3,517,600		3,125,668
	Intouch Holdings PCL		736,586		1,217,968
	Intouch Holdings PCL, Class F		625,800		1,034,780
	IRPC PCL		20,877,600		1,729,314
	Jasmine International PCL		9,445,200		1,156,019
	Kasikornbank PCL		990,400		2,640,148
	Kasikornbank PCL		164,300		437,981
	Kiatnakin Bank PCL		578,100		754,898
	Krung Thai Bank PCL		4,446,087		1,511,573
	Krungthai Card PCL		1,730,600		1,818,588
	Land & Houses PCL		7,526,900		1,721,498
	Land & Houses PCL		1,091,740		249,695
	Minor International PCL		5,336,670		3,480,258
	MK Restaurants Group PCL		769,500		1,308,067
*	Muangthai Capital PCL		1,364,300		2,002,913
	Osotspa PCL		575,200		737,778
	Pruksa Holding PCL		289,300		97,462
	PTT Exploration & Production PCL		1,864,655		4,869,830
	PTT Global Chemical PCL		3,066,972		3,578,371
	PTT PCL		12,635,600		13,863,817
	Ratch Group PCL		934,400		1,920,494
	Siam Cement PCL (The)		370,900		3,966,354
	Siam Cement PCL (The)		223,000		2,384,732
	Siam City Cement PCL		116,367		429,790
	Siam Commercial Bank PCL (The)		769,066		1,628,219
	Siam Global House PCL		4,681,855		1,953,486
	Srisawad Corp. PCL		2,010,972		3,340,743
	Supalai PCL		18,800		8,658
	Thai Oil PCL		1,922,500		2,436,177
	Thai Union Group PCL, Class F		8,058,040		3,262,566
	Thanachart Capital PCL		774,000		879,138
	Tisco Financial Group PCL		541,000		1,228,975
	TMB Bank PCL		36,078,867		1,070,490
	TOA Paint Thailand PCL		1,010,000		1,170,607
	Total Access Communication PCL		1,066,300		1,392,402
	Total Access Communication PCL		1,135,400		1,482,635

THE EMERGING MARKETS SERIES

CONTINUED


			Shares		Value»
THAILAND — (Continued)
	True Corp. PCL			37,442,231	$	3,865,154
	TTW PCL			1,909,600		790,871
	VGI PCL			2,350,500		606,604
	WHA Corp. PCL			12,666,300		1,072,652

TOTAL THAILAND						151,995,708

TURKEY — (0.7%)
*	Akbank T.A.S.			1,694,509		1,430,505
	Anadolu Efes Biracilik Ve Malt Sanayii A.S.			250,784		657,897
# *	Arcelik A.S.			371,451		871,941
	Aselsan Elektronik Sanayi Ve Ticaret A.S.			318,807		1,240,215
#	BIM Birlesik Magazalar A.S.			520,367		4,131,870
	Coca-Cola Icecek A.S.			226,335		1,197,374
	Enerjisa Enerji A.S.			246,453		271,431
	Enka Insaat ve Sanayi A.S.			855,647		741,256
	Eregli Demir ve Celik Fabrikalari TAS			2,381,527		2,745,655
	Ford Otomotiv Sanayi A.S.			89,668		809,161
	KOC Holding A.S.			319,003		699,971
*	Koza Altin Isletmeleri A.S.			67,645		689,457
*	Petkim Petrokimya Holding A.S.			1,890,900		961,032
	Soda Sanayii A.S.			477,309		399,357
	TAV Havalimanlari Holding A.S.			481,435		1,254,078
	Tekfen Holding A.S.			423,774		865,002
	Tofas Turk Otomobil Fabrikasi A.S.			246,939		789,052
# *	Tupras Turkiye Petrol Rafinerileri A.S.			133,268		1,730,631
# *	Turk Hava Yollari AO			1,606,643		2,458,126
*	Turk Telekomunikasyon A.S.			562,814		594,622
	Turkcell Iletisim Hizmetleri A.S.			1,484,901		2,958,173
*	Turkiye Garanti Bankasi A.S.			1,991,110		2,377,247
*	Turkiye Halk Bankasi A.S.			769,867		573,129
*	Turkiye Is Bankasi A.S., Class C	��		2,034,740		1,444,377
	Turkiye Sise ve Cam Fabrikalari A.S.			1,129,977		784,975
*	Turkiye Vakiflar Bankasi TAO, Class D			1,370,696		889,116
*	Ulker Biskuvi Sanayi A.S.			220,913		749,882
*	Yapi ve Kredi Bankasi A.S.			4,096,791		1,233,360

TOTAL TURKEY						35,548,892

UNITED ARAB EMIRATES — (0.0%)
	Abu Dhabi Commercial Bank PJSC			204,497		245,772
	Emirates Telecommunications Group Co. PJSC			63,375		266,322
	First Abu Dhabi Bank PJSC			8,439		26,316

TOTAL UNITED ARAB EMIRATES						538,410

TOTAL COMMON STOCKS						5,173,617,850

PREFERRED STOCKS — (1.0%)

BRAZIL — (1.0%)
	Alpargatas SA			122,900		619,031
*	AZUL SA			12,400		39,677
	Banco Bradesco SA			2,283,454		8,041,366
	Braskem SA, Class A			88,139		342,643
	Centrais Eletricas Brasileiras SA, Class B			150,746		771,763
	Cia de Transmissao de Energia Eletrica Paulista			122,300		436,986
	Cia Energetica de Minas Gerais			1,091,330		1,910,565
	Cia Paranaense de Energia			86,999		870,326
	Gerdau SA			1,560,921		3,369,906
	Itau Unibanco Holding SA			4,059,008		16,996,196

THE EMERGING MARKETS SERIES

CONTINUED


		Shares		Value»
BRAZIL — (Continued)
	Lojas Americanas SA		651,281	$	2,979,803
	Petroleo Brasileiro SA BRPETRACNPR6		3,525,848		11,703,333
	Telefonica Brasil SA		282,462		2,371,208

TOTAL BRAZIL					50,452,803

CHILE — (0.0%)
	Embotelladora Andina SA, Class B		430,906		1,029,137

COLOMBIA — (0.0%)
	Banco Davivienda SA		124,127		900,462
	Grupo Argos SA		45,967		94,047
	Grupo Aval Acciones y Valores SA		3,126,389		667,289
	Grupo de Inversiones Suramericana SA		135,078		644,171

TOTAL COLOMBIA					2,305,969

SOUTH KOREA — (0.0%)
	AMOREPACIFIC Group		1,205		38,301
	CJ Corp.		6,654		313,277

TOTAL SOUTH KOREA					351,578

TOTAL PREFERRED STOCKS					54,139,487

RIGHTS/WARRANTS — (0.0%)

CHINA — (0.0%)
*	Legend Holdings Corp. Rights 05/23/19		25,976		0

SOUTH KOREA — (0.0%)
# *	HLB, Inc. Rights 05/29/20		2,621		37,214

TAIWAN — (0.0%)
*	Shin kong Financial Holdings Co., Ltd. Rights 05/06/20		426,520		10,614

TOTAL RIGHTS/WARRANTS					47,828

TOTAL INVESTMENT SECURITIES (Cost $ 4,216,507,462)					5,227,805,165


				Value
SECURITIES LENDING COLLATERAL — (2.1%)
@ §	The DFA Short Term Investment Fund		9,785,654		113,229,798

TOTAL INVESTMENTS — (100.0%) (Cost $4,329,711,711)				$	5,341,034,963

ADR	American Depositary Receipt

CP	Certificate Participation

GDR	Global Depositary Receipt

P.L.C.

Public Limited Company

SA	Special Assessment

»	Securities that have generally been fair value factored. See Note B to Financial Statements.

#	Total or Partial Securities on Loan.

*	Non-Income Producing Securities.

@	Security purchased with cash collateral received from Securities on Loan.

§	Affiliated Fund.

THE EMERGING MARKETS SERIES

CONTINUED

As of April 30, 2020, The Emerging Markets Series had entered into the following outstanding futures contracts:


Description	Number of Contracts		Expiration Date		Notional Value		Market Value		Unrealized Appreciation (Depreciation)
Long Position Contracts:
MSCI Emerging Markets Index		650		06/19/20	$	27,073,892	$	29,441,750	$	2,367,858
S&P 500^® Emini Index		407		06/19/20		52,734,735		59,063,840		6,329,105

Total Futures Contracts					$	79,808,627	$	88,505,590	$	8,696,963

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Brazil	$	226,414,927		—		—	$	226,414,927
Chile		43,561,794		—		—		43,561,794
China		407,671,161	$	1,174,775,864		—		1,582,447,025
Colombia		13,457,692		—		—		13,457,692
Czech Republic		—		5,175,884		—		5,175,884
Egypt		11,776		5,710,032		—		5,721,808
Greece		—		14,600,465		—		14,600,465
Hungary		—		19,309,144		—		19,309,144
India		30,877,440		575,995,484		—		606,872,924
Indonesia		2,736,495		105,176,469		—		107,912,964
Malaysia		—		126,260,323		—		126,260,323
Mexico		133,142,825		—		—		133,142,825
Peru		9,106,694		—		—		9,106,694
Philippines		3,019,203		54,459,677		—		57,478,880
Poland		—		53,217,670		—		53,217,670
Qatar		—		449,578		—		449,578
Russia		15,797,855		67,462,594		—		83,260,449
Saudi Arabia		—		4,263,526		—		4,263,526
South Africa		67,292,074		190,524,809		—		257,816,883
South Korea		9,339,251		745,461,098		—		754,800,349
Taiwan		74,347,317		805,915,719		—		880,263,036
Thailand		151,995,708		—		—		151,995,708
Turkey		—		35,548,892		—		35,548,892
United Arab Emirates		—		538,410		—		538,410
Preferred Stocks
Brazil		50,452,803		—		—		50,452,803
Chile		1,029,137		—		—		1,029,137
Colombia		2,305,969		—		—		2,305,969
South Korea		—		351,578		—		351,578
Rights/Warrants
South Korea		—		37,214		—		37,214
Taiwan		—		10,614		—		10,614
Securities Lending Collateral		—		113,229,798		—		113,229,798
Futures Contracts**		8,696,963		—		—		8,696,963

TOTAL	$	1,251,257,084	$	4,098,474,842		—	$	5,349,731,926

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

See accompanying Notes to Financial Statements.

THE EMERGING MARKETS SMALL CAP SERIES

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


		Shares		Value»
COMMON STOCKS — (96.7%)
BRAZIL — (5.6%)
	AES Tiete Energia SA		2,152,649	$	5,739,975
	AES Tiete Energia SA		13,378		8,266
	Aliansce Sonae Shopping Centers SA		875,692		4,494,483
	Alliar Medicos A Frente SA		325,200		627,328
	Alupar Investimento SA		1,279,852		5,312,025
*	Anima Holding SA		351,800		1,473,731
	Arezzo Industria e Comercio SA		349,848		2,734,243
# *	Azul SA, ADR		521,412		4,984,701
	BK Brasil Operacao e Assessoria a Restaurantes SA		393,328		684,250
	BR Malls Participacoes SA		5,472,441		10,103,773
	BR Properties SA		1,397,353		2,245,879
	BrasilAgro - Co. Brasileira de Propriedades Agricolas		279,142		1,052,320
	Camil Alimentos SA		817,935		1,227,376
	Cia de Locacao das Americas		1,995,262		4,872,668
	Cia de Saneamento de Minas Gerais-COPASA		452,382		3,993,147
	Cia de Saneamento do Parana		2,432,521		11,496,311
	Cia de Saneamento do Parana		41,700		39,416
	Cia Hering		1,057,214		2,908,461
#	Cia Paranaense de Energia, Sponsored ADR		39,563		405,521
	Cia Paranaense de Energia		205,200		2,007,510
	Cia Siderurgica Nacional SA		2,655,451		4,375,373
	Cielo SA		219,500		163,881
	Cogna Educacao		3,824,828		3,896,642
	Construtora Tenda SA		654,699		2,797,993
*	Cosan Logistica SA		1,062,062		2,999,921
	CSU Cardsystem SA		276,835		501,957
	CVC Brasil Operadora e Agencia de Viagens SA		1,005,287		2,551,161
	Cyrela Brazil Realty SA Empreendimentos e Participacoes		1,955,277		5,720,675
*	Cyrela Commercial Properties SA Empreendimentos e Participacoes		54,690		148,042
	Dimed SA Distribuidora da Medicamentos		33,000		142,003
	Direcional Engenharia SA		892,412		1,444,165
	Duratex SA		2,632,762		4,715,626
*	EcoRodovias Infraestrutura e Logistica SA		1,578,407		3,044,832
	EDP - Energias do Brasil SA		1,996,378		6,241,090
*	Embraer SA		1,745,509		2,776,559
*	Embraer SA, Sponsored ADR		613,394		3,882,784
	Enauta Participacoes SA		642,324		1,078,434
*	Eneva SA		730,700		4,834,695
	Equatorial Energia SA		1,907,228		6,428,858
*	Even Construtora e Incorporadora SA		1,446,404		1,792,744
	Ez Tec Empreendimentos e Participacoes SA		941,669		5,231,400
	Fleury SA		1,247,031		5,228,545
	Fras-Le SA		242,460		180,578
*	Gafisa SA		465,061		333,536
	Gafisa SA, ADR		70,312		134,999
#	Gol Linhas Aereas Inteligentes SA, ADR		322,980		1,488,938
	Grendene SA		2,331,723		2,988,674
	Guararapes Confeccoes SA		712,524		1,670,623
*	Helbor Empreendimentos SA		3,348,465		1,145,322
	Iguatemi Empresa de Shopping Centers SA		435,625		2,637,190
	Industrias Romi SA		185,500		380,354
	Instituto Hermes Pardini SA		396,858		1,419,461
	International Meal Co. Alimentacao SA, Class A		1,513,277		904,421
	Iochpe-Maxion SA		818,200		1,912,378
	JHSF Participacoes SA		1,466,564		1,121,923

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
BRAZIL — (Continued)
	JSL SA		587,628	$	2,031,557
	Kepler Weber SA		170,346		845,167
	Light SA		1,972,115		4,119,831
	LOG Commercial Properties e Participacoes SA		188,072		791,313
*	Log-in Logistica Intermodal SA		296,109		748,726
	M Dias Branco SA		324,311		1,908,448
	Mahle-Metal Leve SA		294,824		953,669
	Marcopolo SA		638,300		328,664
*	Marfrig Global Foods SA		2,589,520		6,114,389
*	Marisa Lojas SA		784,679		948,039
*	Mills Estruturas e Servicos de Engenharia SA		1,258,520		1,087,744
*	Minerva SA		1,384,548		3,121,528
	Movida Participacoes SA		973,839		1,934,103
	MRV Engenharia e Participacoes SA		2,289,454		6,378,423
	Natura & Co. Holding SA		152,036		993,089
	Odontoprev SA		2,014,569		5,557,023
*	Omega Geracao SA		209,910		1,157,653
	Ouro Fino Saude Animal Participacoes SA		9,800		48,658
*	Paranapanema SA		165,102		336,101
*	Petro Rio SA		665,991		2,504,554
	Porto Seguro SA		189,787		1,580,657
	Portobello SA		488,541		254,247
*	Positivo Tecnologia SA		122,980		104,031
*	Profarma Distribuidora de Produtos Farmaceuticos SA		226,502		191,185
	Qualicorp Consultoria e Corretora de Seguros SA		2,173,263		10,358,958
	Restoque Comercio e Confeccoes de Roupas SA		183,440		205,437
	Santos Brasil Participacoes SA		1,818,532		1,364,426
	Sao Carlos Empreendimentos e Participacoes SA		86,509		569,525
	Sao Martinho SA		1,378,329		4,841,222
	Ser Educacional SA		439,780		1,374,843
	SLC Agricola SA		865,042		3,817,836
	Smiles Fidelidade SA		429,000		1,126,560
*	Springs Global Participacoes SA		148,300		158,448
	Sul America SA		1,514,414		12,462,541
	T4F Entretenimento SA		226,100		77,752
*	Technos SA		261,800		59,698
*	Tecnisa SA		4,163,681		597,229
	Tegma Gestao Logistica SA		249,102		861,200
*	Terra Santa Agro SA		3,000		6,229
	Transmissora Alianca de Energia Eletrica SA		2,457,820		12,429,440
	Trisul SA		406,782		608,913
	Tupy SA		560,449		1,525,340
	Unipar Carbocloro SA		5,573		29,977
	Usinas Siderurgicas de Minas Gerais SA		87,500		85,281
	Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		603,550		990,027
*	Via Varejo SA		4,276,519		7,219,413
*	Vulcabras Azaleia SA		739,509		573,885
	Wiz Solucoes e Corretagem de Seguros SA		569,744		955,528
	YDUQS Participacoes SA		1,928,102		10,761,120

TOTAL BRAZIL					269,826,788

CANADA — (0.1%)
	Atlas Corp.		558,523		4,166,582

CHILE — (1.1%)
	AES Gener SA		11,369,444		1,675,253
	Banvida SA		48,106		11,715
	Besalco SA		2,809,709		1,247,425

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
CHILE — (Continued)
	CAP SA		490,566	$	2,394,366
	Cementos BIO BIO SA		352,724		285,183
	Cia Pesquera Camanchaca SA		1,471,136		88,103
*	Cia Sud Americana de Vapores SA		113,795,087		2,725,957
	Cristalerias de Chile SA		130,323		639,986
	Embotelladora Andina SA, ADR, Class B		13,429		186,358
*	Empresa Nacional de Telecomunicaciones SA		663,274		4,011,898
	Empresas Hites SA		1,238,776		212,190
*	Empresas La Polar SA		16,706,766		180,094
	Empresas Lipigas SA		6,383		34,786
	Empresas Tricot SA		70,631		39,930
	Engie Energia Chile SA		4,833,911		5,964,661
*	Enjoy SA		2,562,139		26,085
	Forus SA		682,889		768,772
	Grupo Security SA		7,515,658		1,337,317
	Hortifrut SA		118,502		134,981
	Instituto de Diagnostico SA		2,928		5,681
	Inversiones Aguas Metropolitanas SA		3,086,034		2,476,478
	Inversiones La Construccion SA		263,939		1,991,635
*	Masisa SA		18,625,959		366,763
	Multiexport Foods SA		4,799,708		1,316,485
	Parque Arauco SA		4,730,917		7,939,259
	PAZ Corp. SA		1,283,993		835,080
	Ripley Corp. SA		6,989,673		2,176,686
	Salfacorp SA		2,611,897		1,126,222
	Sigdo Koppers SA		1,180,120		1,130,789
	SMU SA		5,737,460		962,085
	Sociedad Matriz SAAM SA		37,668,810		2,215,282
	Socovesa SA		3,111,764		730,514
	SONDA SA		3,188,752		1,928,681
	Vina Concha y Toro SA		3,897,820		6,139,218

TOTAL CHILE					53,305,918

CHINA — (20.2%)
*	21Vianet Group, Inc., ADR		466,877		6,989,149
	361 Degrees International, Ltd.		6,324,000		959,490
*	3SBio, Inc.		8,281,000		8,395,410
# *	500.com, Ltd., ADR, Class A		5,931		25,741
*	51job, Inc., ADR		134,562		8,065,646
	5I5J Holding Group Co., Ltd., Class A		149,700		71,859
	AAG Energy Holdings, Ltd.		982,601		152,417
	Aerospace Hi-Tech Holdings Grp, Ltd., Class A		51,600		72,288
	Agile Group Holdings, Ltd.		606,000		681,610
	Ajisen China Holdings, Ltd.		4,142,000		921,943
	AKM Industrial Co., Ltd.		2,880,000		356,911
*	Alibaba Pictures Group, Ltd.		5,520,000		739,328
	AMVIG Holdings, Ltd.		2,508,000		479,409
	Angang Steel Co., Ltd., Class H		11,938,999		3,218,508
	Anhui Expressway Co., Ltd., Class H		3,130,000		1,613,188
	Animal Health Holdings, Inc.		3,671,000		88,786
#	Anton Oilfield Services Group		12,714,000		793,336
	Aoshikang Technology Co., Ltd., Class A		5,300		44,612
*	Aowei Holdings, Ltd.		1,451,000		229,890
	APT Satellite Holdings, Ltd.		182,000		57,894
*	Art Group Holdings, Ltd.		320,000		8,659
	Asia Cement China Holdings Corp.		3,436,500		3,978,158
*	Asia Television Holdings, Ltd.		7,580,000		40,217
*	Asian Citrus Holdings, Ltd.		2,314,000		33,579
	Ausnutria Dairy Corp., Ltd.		3,780,000		6,971,223

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


			Shares		Value»
CHINA — (Continued)
	Avic Heavy Machinery Co., Ltd., Class A			90,400	$	120,103
#	AVIC International Holding HK, Ltd.			33,595,722		437,249
	AviChina Industry & Technology Co., Ltd., Class H			16,633,000		6,564,591
	BAIC Motor Corp., Ltd., Class H			8,829,500		3,862,818
	BAIOO Family Interactive, Ltd.			1,824,000		204,543
	Bank of Chongqing Co., Ltd., Class H			2,533,500		1,357,210
	Bank of Tianjin Co., Ltd., Class H			100,000		41,516
#	Bank of Zhengzhou Co., Ltd., Class H			610,000		169,029
*	Baoye Group Co., Ltd., Class H			1,628,000		972,929
# *	Baozun, Inc., Sponsored ADR			283,293		9,020,049
	BBI Life Sciences Corp.			1,534,500		676,791
#	BBMG Corp., Class H			5,383,000		1,360,918
	Beijing Capital International Airport Co., Ltd., Class H			11,576,000		7,756,148
	Beijing Capital Land, Ltd., Class H			12,227,750		2,740,893
#	Beijing Chunlizhengda Medical Instruments Co., Ltd., Class H			68,000		378,089
*	Beijing Enterprises Clean Energy Group, Ltd.			59,768,570		245,334
*	Beijing Enterprises Environment Group, Ltd.			622,000		34,702
# *	Beijing Enterprises Medical & Health Group, Ltd.			22,158,000		418,114
	Beijing Enterprises Water Group, Ltd.			5,116,000		1,985,272
*	Beijing Gas Blue Sky Holdings, Ltd.			16,288,000		333,943
	Beijing Jingneng Clean Energy Co., Ltd., Class H			9,260,000		1,590,301
#	Beijing North Star Co., Ltd., Class H			5,674,000		1,378,226
# *	Beijing Properties Holdings, Ltd.			10,632,000		158,048
*	Beijing UniStrong Science & Technology Co., Ltd., Class A			41,600		57,456
	Beijing Urban Construction Design & Development Group Co., Ltd., Class H	��		1,983,000		541,910
#	Best Pacific International Holdings, Ltd.			2,102,000		312,409
	BII Railway Transportation Technology Holdings Co., Ltd.			2,636,000		150,070
*	Billion Industrial Holdings, Ltd.			44,000		28,549
*	Bitauto Holdings, Ltd., ADR			253,757		3,085,685
	Bosideng International Holdings, Ltd.			12,088,000		3,277,247
#	Boyaa Interactive International, Ltd.			2,555,000		233,417
#	Brilliance China Automotive Holdings, Ltd.			4,326,000		4,002,578
*	Brilliant Circle Holdings International, Ltd.			250,000		22,223
#	BYD Electronic International Co., Ltd.			4,612,000		10,620,169
	C C Land Holdings, Ltd.			14,952,015		3,471,797
#	CA Cultural Technology Group, Ltd.			3,835,000		1,416,665
	Cabbeen Fashion, Ltd.			1,511,000		221,137
	Canny Elevator Co., Ltd., Class A			28,300		31,222
	Canvest Environmental Protection Group Co., Ltd.			4,545,000		1,997,415
*	Capital Environment Holdings, Ltd.			23,030,000		335,512
# *	CAR, Inc.			5,720,000		1,664,526
	Carrianna Group Holdings Co., Ltd.			2,031,257		143,344
*	CECEP COSTIN New Materials Group, Ltd.			4,494,000		65,214
	Central China Real Estate, Ltd.			6,581,626		3,354,820
	Central China Securities Co., Ltd., Class H			5,959,000		937,050
*	Century Sunshine Group Holdings, Ltd.			12,390,000		261,834
	CGN New Energy Holdings Co., Ltd.			10,558,000		2,186,525
	CGN Nuclear Technology Development Co., Ltd., Class A			21,100		19,303
	Changshouhua Food Co., Ltd.			1,673,000		540,083
#	Chaowei Power Holdings, Ltd.			4,462,000		1,278,428
	Cheetah Mobile, Inc., ADR			282,767		579,672
	China Aerospace International Holdings, Ltd.			13,768,500		724,341
	China Aircraft Leasing Group Holdings, Ltd.			1,943,500		1,791,776
*	China All Access Holdings, Ltd.			980,000		18,947
	China Aoyuan Group, Ltd.			9,537,000		11,205,310
# *	China Automobile New Retail Holdings, Ltd.			662,000		26,697
# *	China Beidahuang Industry Group Holdings, Ltd.			4,032,000		29,386
	China Bester Group Telecom Co., Ltd., Class A			7,700		21,594

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
CHINA — (Continued)
	China BlueChemical, Ltd., Class H		14,054,000	$	2,097,660
*	China Chengtong Development Group, Ltd.		2,628,000		57,976
	China Common Rich Renewable Energy Investments, Ltd.		17,084,000		2,065,946
	China Communications Services Corp., Ltd., Class H		16,766,000		11,951,012
	China CYTS Tours Holding Co., Ltd., Class A		35,100		51,648
	China Datang Corp. Renewable Power Co., Ltd., Class H		15,103,000		1,176,906
*	China Daye Non-Ferrous Metals Mining, Ltd.		7,434,000		44,849
#	China Development Bank Financial Leasing Co., Ltd., Class H		110,000		15,465
# *	China Dili Group		13,209,699		2,948,103
	China Distance Education Holdings, Ltd., ADR		71,368		553,816
	China Dongxiang Group Co., Ltd.		25,778,985		2,148,942
# *	China Dynamics Holdings, Ltd.		12,070,000		74,607
#	China Electronics Huada Technology Co., Ltd.		5,724,000		426,967
#	China Electronics Optics Valley Union Holding Co., Ltd.		14,920,000		651,474
	China Energy Engineering Corp., Ltd., Class H		906,000		91,680
#	China Everbright Greentech Ltd.		3,230,000		1,334,988
	China Everbright International, Ltd.		12,043,000		6,964,401
	China Everbright, Ltd.		7,078,000		10,820,658
	China Financial Services Holdings, Ltd.		7,270,000		218,771
	China Flavors & Fragrances Co., Ltd.		192,000		33,354
	China Foods, Ltd.		6,874,000		2,265,179
	China Glass Holdings, Ltd.		4,470,000		201,054
#	China Grand Pharmaceutical and Healthcare Holdings, Ltd., Class A		5,312,000		3,527,966
# *	China Greenland Broad Greenstate Group Co., Ltd.		4,872,000		392,816
	China Hanking Holdings, Ltd.		3,881,000		885,629
	China Harmony New Energy Auto Holding, Ltd.		6,061,500		3,131,308
	China Harzone Industry Corp., Ltd., Class A		77,000		90,473
*	China High Precision Automation Group, Ltd.		1,289,000		38,034
#	China High Speed Transmission Equipment Group Co., Ltd.		2,578,000		1,633,697
	China Hongqiao Group, Ltd.		608,000		299,715
*	China Huiyuan Juice Group, Ltd.		4,034,500		364,965
# *	China Index Holdings, Ltd., ADR		117,657		131,776
	China International Marine Containers Group Co., Ltd., Class H		3,316,820		2,936,610
	China Lesso Group Holdings, Ltd.		7,690,000		11,019,535
	China Lilang, Ltd.		3,406,000		2,087,082
# *	China Logistics Property Holdings Co., Ltd.		3,318,000		1,246,939
# *	China Longevity Group Co., Ltd.		1,076,350		35,682
	China Longyuan Power Group Corp., Ltd., Class H		10,640,000		5,318,183
# *	China Lumena New Materials Corp.		363,249		0
	China Machinery Engineering Corp., Class H		6,682,000		1,833,360
	China Maple Leaf Educational Systems, Ltd.		11,770,000		3,460,149
*	China Medical & HealthCare Group, Ltd.		930,000		24,739
	China Medical System Holdings, Ltd.		9,137,500		10,756,396
	China Meidong Auto Holdings, Ltd.		2,954,000		5,315,457
	China Merchants Land, Ltd.		10,770,000		1,788,366
	China Merchants Port Holdings Co., Ltd.		538,000		692,440
# *	China Metal Recycling Holdings, Ltd.		2,401,686		0
# *	China Minsheng Financial Holding Corp., Ltd.		4,620,000		59,164
*	China Modern Dairy Holdings, Ltd.		8,172,000		873,119
	China New Town Development Co., Ltd.		11,720,648		189,199
	China Nonferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd., Class A		199,000		112,231
# *	China Oceanwide Holdings, Ltd.		4,994,000		157,151
#	China Oil & Gas Group, Ltd.		31,898,000		1,002,805
	China Oriental Group Co., Ltd.		9,182,000		2,774,953
	China Overseas Grand Oceans Group, Ltd.		11,729,749		7,346,374
	China Overseas Property Holdings, Ltd.		10,095,000		11,160,839
	China Pioneer Pharma Holdings, Ltd.		3,339,000		544,569
	China Power International Development, Ltd.		35,193,333		7,167,664

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
CHINA — (Continued)
*	China Properties Group, Ltd.		2,751,000	$	202,562
*	China Rare Earth Holdings, Ltd.		7,152,799		266,938
	China Resources Medical Holdings Co., Ltd.		5,558,000		2,823,329
	China Resources Pharmaceutical Group, Ltd.		450,500		282,927
*	China Ruifeng Renewable Energy Holdings, Ltd.		224,000		8,583
	China Sanjiang Fine Chemicals Co., Ltd.		5,592,000		1,249,428
	China SCE Group Holdings, Ltd.		14,742,200		6,464,911
# *	China Shanshui Cement Group, Ltd.		30,000		8,516
# *	China Shengmu Organic Milk, Ltd.		11,882,000		335,024
	China Shineway Pharmaceutical Group, Ltd.		2,328,200		1,725,535
*	China Silver Group, Ltd.		5,550,000		419,957
#	China South City Holdings, Ltd.		31,322,000		3,006,912
	China Starch Holdings, Ltd.		7,505,000		124,665
	China State Construction Development Holdings, Ltd.		116,000		8,227
	China State Construction International Holdings, Ltd.		5,520,000		4,279,689
	China Sunshine Paper Holdings Co., Ltd.		1,794,000		228,544
	China Suntien Green Energy Corp., Ltd., Class H		10,724,000		2,497,621
#	China Tian Lun Gas Holdings, Ltd.		2,018,000		1,581,672
# *	China Tianrui Group Cement Co., Ltd.		188,000		206,844
	China Traditional Chinese Medicine Holdings Co., Ltd.		16,070,000		7,053,330
	China Travel International Investment Hong Kong, Ltd.		18,419,900		2,579,074
#	China Vast Industrial Urban Development Co., Ltd.		2,033,000		798,216
#	China Water Affairs Group, Ltd.		6,198,000		4,711,180
# *	China Water Industry Group, Ltd.		1,748,000		60,825
	China Wood Optimization Holding, Ltd.		2,240,000		531,312
	China XLX Fertiliser, Ltd.		2,158,000		534,155
	China Yongda Automobiles Services Holdings, Ltd.		358,000		360,913
	China Yuhua Education Corp., Ltd.		7,634,000		7,677,947
# *	China Yurun Food Group, Ltd.		8,063,000		624,984
#	China ZhengTong Auto Services Holdings, Ltd.		9,175,500		1,423,030
#	China Zhongwang Holdings, Ltd.		12,781,200		3,072,253
#	Chinasoft International, Ltd.		15,438,000		8,101,568
	Chongqing Machinery & Electric Co., Ltd., Class H		4,630,000		288,291
*	Chu Kong Petroleum & Natural Gas Steel Pipe Holdings, Ltd.		721,000		15,559
	Chu Kong Shipping Enterprise Group Co., Ltd.		1,366,000		171,703
	CIMC Enric Holdings, Ltd.		4,292,000		1,996,361
*	CIMC-TianDa Holdings Co., Ltd.		10,355,000		201,714
	CITIC Dameng Holdings, Ltd.		5,706,000		157,906
	CITIC Resources Holdings, Ltd.		19,938,600		670,757
# *	Citychamp Watch & Jewellery Group, Ltd.		11,222,000		2,213,527
	Clear Media, Ltd.		699,000		639,502
*	COFCO Meat Holdings, Ltd.		2,348,000		835,687
# *	Cogobuy Group		4,446,000		469,942
#	Colour Life Services Group Co., Ltd.		2,321,000		1,099,293
	Concord New Energy Group, Ltd.		41,354,964		1,680,647
	Consun Pharmaceutical Group, Ltd.		3,044,000		1,556,248
*	Coolpad Group, Ltd.		1,300,574		28,284
	COSCO SHIPPING Development Co., Ltd., Class H		18,976,000		1,961,774
	COSCO SHIPPING Energy Transportation Co., Ltd., Class H		8,836,000		5,784,526
#	COSCO SHIPPING International Hong Kong Co., Ltd.		4,181,000		1,251,280
	COSCO SHIPPING Ports, Ltd.		12,338,780		6,573,512
	Cosmo Lady China Holdings Co., Ltd.		4,766,000		607,077
	CP Pokphand Co., Ltd.		42,204,594		3,645,132
#	CPMC Holdings, Ltd.		3,552,000		1,265,105
	CRCC High-Tech Equipment Corp., Ltd., Class H		2,266,000		354,022
# *	CSSC Offshore and Marine Engineering Group Co., Ltd., Class H		722,000		455,518
	CSSC Science & Technology Co., Ltd., Class A		86,100		133,126
# *	CT Environmental Group, Ltd.		18,320,000		150,766
# *	CWT International, Ltd.		24,080,000		77,031

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
CHINA — (Continued)
*	Cybernaut International Holdings Co., Ltd.		3,760,000	$	64,601
#	Da Ming International Holdings, Ltd.		880,000		129,881
	Dawnrays Pharmaceutical Holdings, Ltd.		7,031,886		1,053,323
# *	DBA Telecommunication Asia Holdings, Ltd.		876,000		43,006
# *	Differ Group Holding Co., Ltd.		12,218,000		766,720
	Digital China Holdings, Ltd.		5,886,500		3,141,228
	Dongfang Electric Corp., Ltd., Class H		2,441,600		1,306,212
#	Dongjiang Environmental Co., Ltd., Class H		1,254,575		951,537
	Dongyue Group, Ltd.		9,206,000		4,078,126
#	Dynagreen Environmental Protection Group Co., Ltd., Class H		2,861,000		1,176,621
	E-Commodities Holdings, Ltd.		8,448,000		228,127
#	EEKA Fashion Holdings, Ltd.		1,287,000		1,197,220
	Embry Holdings, Ltd.		470,000		70,488
#	Essex Bio-technology, Ltd.		1,256,000		785,444
	EVA Precision Industrial Holdings, Ltd.		5,080,435		321,302
*	EverChina International Holdings Co., Ltd.		12,045,000		308,801
# *	Fang Holdings, Ltd., ADR		163,515		170,055
	Fanhua, Inc., ADR		236,949		4,485,445
#	Fantasia Holdings Group Co., Ltd.		12,757,500		2,460,745
	Far East Horizon, Ltd.		13,038,000		10,554,704
*	First Tractor Co., Ltd., Class H		1,871,178		409,891
#	Flat Glass Group Co., Ltd., Class H		1,648,000		1,025,253
	Foshan Nationstar Optoelectronics Co., Ltd., Class A		14,100		20,513
	Fu Shou Yuan International Group, Ltd.		5,891,000		5,327,232
	Fufeng Group, Ltd.		10,788,600		3,697,646
# *	Fullshare Holdings, Ltd.		47,842,500		709,587
	GCI Science & Technology Co., Ltd., Class A		64,500		126,258
*	GCL New Energy Holdings, Ltd.		18,764,000		264,327
# *	GCL-Poly Energy Holdings, Ltd.		119,196,000		3,392,316
	Gemdale Properties & Investment Corp., Ltd.		33,704,000		5,370,516
	Genertec Universal Medical Group Co., Ltd.		7,716,000		4,692,092
	Global Top E-Commerce Co., Ltd., Class A		210,400		166,545
*	Glorious Property Holdings, Ltd.		21,037,501		409,084
	Golden Eagle Retail Group, Ltd.		3,117,000		2,986,892
*	Golden Meditech Holdings, Ltd.		356,000		24,365
	Golden Throat Holdings Group Co., Ltd.		991,500		193,286
	Golden Wheel Tiandi Holdings Co., Ltd.		546,000		38,882
	Goldlion Holdings, Ltd.		2,006,962		499,914
	Goldpac Group, Ltd.		2,491,000		496,349
# *	GOME Retail Holdings, Ltd.		77,867,000		9,039,924
*	Grand Baoxin Auto Group, Ltd.		5,870,492		698,273
#	Greatview Aseptic Packaging Co., Ltd.		6,438,000		2,372,581
	Greenland Hong Kong Holdings, Ltd.		7,054,000		2,628,326
	Greentown China Holdings, Ltd.		5,068,148		5,476,945
	Greentown Service Group Co., Ltd.		7,256,000		9,549,035
*	Guangdong Huatie Tongda High-speed Railway Equipment Corp., Class A		149,500		104,622
*	Guangdong Land Holdings, Ltd.		4,010,800		456,552
	Guangdong Shenglu Telecommunication Tech Co., Ltd., Class A		25,500		26,058
	Guangshen Railway Co., Ltd., Class H		7,176,000		1,518,346
	Guizhou Broadcasting & TV Information Network Co., Ltd., Class A		19,200		19,334
	Guolian Securities Co., Ltd., Class H		1,330,500		427,923
	Guorui Properties, Ltd.		6,116,000		1,008,273
*	Haichang Ocean Park Holdings, Ltd.		7,081,000		562,057
*	Hailiang Education Group, Inc., ADR		30,293		1,442,250
*	Hainan Meilan International Airport Co., Ltd., Class H		750,000		770,274
	Haitian International Holdings, Ltd.		4,178,000		7,392,318
	Hangxiao Steel Structure Co., Ltd., Class A		264,108		144,559
# *	Harbin Bank Co., Ltd., Class H		1,594,000		270,592
# *	Harbin Electric Co., Ltd., Class H		5,497,413		1,521,621

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
CHINA — (Continued)
# *	Harmonicare Medical Holdings, Ltd.		2,357,000	$	116,292
# *	HC Group, Inc.		3,841,500		647,220
	Health and Happiness H&H International Holdings, Ltd.		1,457,000		5,571,969
	Henan Shenhuo Coal & Power Co., Ltd., Class A		148,700		84,057
	Henan Zhongyuan Expressway Co., Ltd., Class A		219,500		121,184
	Henderson Investment, Ltd.		2,432,000		138,012
#	Hengdeli Holdings, Ltd.		14,517,399		580,048
*	Hi Sun Technology China, Ltd.		12,936,000		1,462,895
	Hilong Holding, Ltd.		6,220,000		305,194
#	Hisense Home Appliances Group Co., Ltd., Class H		2,469,000		2,388,253
	HKC Holdings, Ltd.		1,472,577		1,119,750
*	Honghua Group, Ltd.		20,216,000		621,078
	Honworld Group, Ltd.		1,382,500		412,726
	Hopefluent Group Holdings, Ltd.		1,553,670		321,944
	Hopson Development Holdings, Ltd.		4,632,000		5,188,033
*	Hua Han Health Industry Holdings, Ltd.		25,663,698		1,315,875
#	Hua Hong Semiconductor, Ltd.		3,157,000		6,101,275
	Huadian Fuxin Energy Corp., Ltd., Class H		16,896,000		3,003,266
#	Huadian Power International Corp., Ltd., Class H		4,642,000		1,614,857
	Huafu Fashion Co., Ltd., Class A		134,500		95,277
*	Huanxi Media Group, Ltd.		1,960,000		378,032
	Huaxi Holdings Co., Ltd.		444,000		107,865
	Huazhong In-Vehicle Holdings Co., Ltd.		3,736,000		322,341
	Huishang Bank Corp., Ltd., Class H		34,000		12,168
#	IMAX China Holding, Inc.		944,200		1,430,936
	Inner Mongolia Yitai Coal Co., Ltd., Class H		554,000		368,172
#	Inspur International, Ltd.		1,454,000		442,710
# *	Jiangnan Group, Ltd.		16,796,000		653,221
	Jiangsu Guotai International Group Co., Ltd., Class A		120,195		102,832
	Jiangsu Jiangyin Rural Commercial Bank Co., Ltd., Class A		81,300		47,505
#	Jiayuan International Group, Ltd.		4,331,816		1,805,671
#	Jilin Jiutai Rural Commercial Bank Corp., Ltd., Class H		110,249		38,376
*	Jilin Power Share Co., Ltd., Class A		229,100		123,260
#	Jinchuan Group International Resources Co., Ltd.		12,519,000		881,938
	Jingrui Holdings, Ltd.		2,160,000		635,183
# *	JinkoSolar Holding Co., Ltd., ADR		247,585		3,916,795
	Jinmao Hotel and Jinmao China Hotel Investments and Management, Ltd.		19,500		6,228
	Jinyuan EP Co., Ltd., Class A		15,900		20,012
	JNBY Design, Ltd.		1,321,000		1,272,877
	Joy City Property, Ltd.		19,994,000		1,603,071
*	JOYY, Inc., ADR		133,218		8,120,969
	Ju Teng International Holdings, Ltd.		5,250,000		1,339,318
	Jutal Offshore Oil Services, Ltd.		1,158,000		70,378
	K Wah International Holdings, Ltd.		2,085,948		955,836
*	Kai Yuan Holdings, Ltd.		13,400,000		78,735
	Kaisa Group Holdings, Ltd.		18,442,000		7,056,246
*	Kangda International Environmental Co., Ltd.		4,545,000		471,221
# *	Kasen International Holdings, Ltd.		4,994,000		802,651
*	Keda Clean Energy Co., Ltd., Class A		35,100		20,156
	Kinetic Mines and Energy, Ltd.		468,000		20,674
	Kingboard Holdings, Ltd.		5,180,421		12,637,930
	Kingboard Laminates Holdings, Ltd.		7,323,500		7,087,652
#	Kingdee International Software Group Co., Ltd.		14,416,200		20,617,680
*	Kong Sun Holdings, Ltd.		1,325,000		9,914
	Kunlun Energy Co., Ltd.		126,000		82,088
	KWG Group Holdings, Ltd.		9,431,950		13,952,626
	Lai Fung Holdings, Ltd.		640,072		706,644
	Lee & Man Chemical Co., Ltd.		1,098,785		451,248
	Lee & Man Paper Manufacturing, Ltd.		9,866,000		6,060,977

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
CHINA — (Continued)
	Lee’s Pharmaceutical Holdings, Ltd.		1,714,000	$	840,272
#	Legend Holdings Corp., Class H		568,800		665,629
	Leoch International Technology, Ltd.		2,659,000		169,857
*	LexinFintech Holdings, Ltd., ADR		279,718		2,358,023
	Lier Chemical Co., Ltd., Class A		47,900		101,382
*	Lifestyle China Group, Ltd.		2,138,000		494,355
*	Lifetech Scientific Corp.		18,772,000		4,136,843
*	Link Motion, Inc., Sponsored ADR		690,534		19,956
	Livzon Pharmaceutical Group, Inc., Class H		1,046,603		4,664,185
	LK Technology Holdings, Ltd.		110,000		4,499
	Lonking Holdings, Ltd.		14,764,000		5,002,308
	Luolai Lifestyle Technology Co., Ltd., Class A		46,640		59,457
#	Luye Pharma Group, Ltd.		7,556,500		3,669,260
	LVGEM China Real Estate Investment Co., Ltd.		600,000		173,386
#	Maanshan Iron & Steel Co., Ltd., Class H		3,692,048		1,197,346
	Maoye International Holdings, Ltd.		8,255,000		381,095
	Markor International Home Furnishings Co., Ltd., Class A		83,690		47,452
	Min Xin Holdings, Ltd.		922,000		327,794
*	Mingfa Group International Co., Ltd.		7,108,000		51,620
	Minmetals Land, Ltd.		11,042,000		1,449,074
	Minth Group, Ltd.		5,017,000		12,064,006
*	MMG, Ltd.		16,826,999		2,911,999
	MOBI Development Co., Ltd.		1,753,000		182,089
	Modern Land China Co., Ltd.		5,894,800		807,278
	Nan Hai Corp., Ltd.		24,100,000		205,179
*	Nature Home Holding Co., Ltd.		1,787,000		275,865
	NetDragon Websoft Holdings, Ltd.		1,295,000		3,581,329
# *	New Century Healthcare Holding Co., Ltd.		110,500		21,763
	New Universe Environmental Group, Ltd.		300,000		7,751
*	New World Department Store China, Ltd.		3,526,462		676,592
#	Nexteer Automotive Group, Ltd.		6,041,000		3,104,666
#	Nine Dragons Paper Holdings, Ltd.		11,886,000		11,371,602
# *	Noah Holdings, Ltd., ADR		189,282		5,254,468
	North Huajin Chemical Industries Co., Ltd., Class A		134,500		92,107
# *	North Mining Shares Co., Ltd.		47,100,000		62,359
#	NVC International Holdings, Ltd.		11,342,000		244,601
*	OneSmart International Education Group, Ltd., ADR		9,871		47,578
	O-Net Technologies Group, Ltd.		2,941,000		1,826,973
	Overseas Chinese Town Asia Holdings, Ltd.		1,484,183		342,106
# *	Ozner Water International Holding, Ltd.		2,683,000		90,597
#	Pacific Online, Ltd.		2,998,365		489,658
# *	Panda Green Energy Group, Ltd.		23,204,000		483,568
*	Parkson Retail Group, Ltd.		7,759,000		384,530
	PAX Global Technology, Ltd.		5,809,000		2,476,529
	Peking University Resources Holdings Co., Ltd.		176,000		1,630
#	Phoenix Media Investment Holdings, Ltd.		8,174,000		420,919
	Phoenix New Media, Ltd., ADR		190,696		272,695
	Poly Property Group Co., Ltd.		16,468,000		5,763,887
	Pou Sheng International Holdings, Ltd.		14,951,806		3,054,375
	Powerlong Real Estate Holdings, Ltd.		10,375,000		6,336,701
# *	PW Medtech Group, Ltd.		5,145,000		809,214
# *	Q Technology Group Co., Ltd.		2,725,000		3,260,418
	Qingdao Eastsoft Communication Technology Co., Ltd., Class A		14,100		28,785
	Qingdao Port International Co., Ltd., Class H		1,414,000		760,890
	Qingling Motors Co., Ltd., Class H		4,826,000		1,017,137
	Qinhuangdao Port Co., Ltd., Class H		3,011,500		500,411
# *	Qinqin Foodstuffs Group Cayman Co., Ltd.		65,000		20,405
# *	Qudian, Inc., Sponsored ADR		96,525		166,988
*	Qunxing Paper Holdings Co.		669,913		0

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
CHINA — (Continued)
	Realcan Pharmaceutical Group Co., Ltd., Class A		154,800	$	112,337
	Red Star Macalline Group Corp., Ltd., Class H		113,800		72,276
#	Redco Properties Group Ltd.		6,718,000		3,150,684
*	Renren, Inc., ADR		12,575		11,820
*	REXLot Holdings, Ltd.		98,652,252		49,628
*	RISE Education Cayman, Ltd.		800		3,632
	Rivera Holdings, Ltd.		640,000		36,583
	Road King Infrastructure, Ltd.		1,953,000		3,018,588
	Ronshine China Holdings, Ltd.		3,466,500		3,628,688
	Runjian Co., Ltd., Class A		7,100		30,082
*	RYB Education, Inc., ADR		1,970		5,555
	Sany Heavy Equipment International Holdings Co., Ltd.		7,408,000		3,979,263
# *	Secoo Holding, Ltd., ADR		64,187		204,115
*	SGIS Songshan Co., Ltd., Class A		331,200		174,244
	Shandong Chenming Paper Holdings, Ltd., Class H		3,032,750		1,161,465
	Shandong New Beiyang Information Technology Co., Ltd., Class A		14,800		20,816
	Shandong Weigao Group Medical Polymer Co., Ltd., Class H		2,412,000		3,664,175
	Shandong Xinhua Pharmaceutical Co., Ltd., Class H		978,400		518,157
	Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd., Class H		1,781,000		1,150,778
*	Shanghai Haohai Biological Technology Co., Ltd., Class H		208,300		1,014,319
	Shanghai Industrial Holdings, Ltd.		3,632,000		6,179,044
	Shanghai Industrial Urban Development Group, Ltd.		16,825,000		1,658,430
	Shanghai Jin Jiang Capital Co., Ltd., Class H		9,666,000		1,718,276
	Shanghai Prime Machinery Co., Ltd., Class H		4,148,000		328,716
	Shanghai Pudong Road & Bridge Construction Co., Ltd., Class A		21,400		19,621
*	Shanghai Zendai Property, Ltd.		21,220,000		94,014
	Shanghai Zijiang Enterprise Group Co., Ltd., Class A		34,600		20,939
	Sheng Ye Capital, Ltd.		260,000		216,798
*	Shengda Resources Co., Ltd., Class A		51,900		80,165
	Shengjing Bank Co., Ltd., Class H		85,500		78,139
	Shenguan Holdings Group, Ltd.		7,048,000		294,934
	Shenzhen Bauing Construction Holding Group Co., Ltd., Class A		61,600		42,911
	Shenzhen Desay Battery Technology Co., Class A		14,200		73,345
	Shenzhen Expressway Co., Ltd., Class H		5,724,400		6,563,312
	Shenzhen International Holdings, Ltd.		7,573,316		14,637,013
	Shenzhen Investment, Ltd.		24,169,720		7,934,630
	Shenzhen SDG Information Co., Ltd., Class A		54,520		70,062
	Shougang Fushan Resources Group, Ltd.		18,562,000		3,702,229
	Shui On Land, Ltd.		27,670,143		4,902,143
	Sichuan Expressway Co., Ltd., Class H		5,600,000		1,439,838
	Sichuan Yahua Industrial Group Co., Ltd., Class A		49,700		52,939
	Sihuan Pharmaceutical Holdings Group, Ltd.		29,609,000		2,938,007
*	Silver Grant International Holdings Group, Ltd.		6,974,000		957,896
*	SINA Corp.		241,982		8,171,732
	Sinofert Holdings, Ltd.		16,819,327		1,552,787
	Sino-I Technology, Ltd.		3,950,000		20,666
# *	Sinolink Worldwide Holdings, Ltd.		14,370,800		593,367
	Sino-Ocean Group Holding, Ltd.		16,522,500		4,303,203
	Sinopec Engineering Group Co., Ltd., Class H		9,964,500		4,777,476
	Sinopec Kantons Holdings, Ltd.		7,788,000		3,442,244
# *	Sinopec Oilfield Service Corp., Class H		738,000		53,471
#	Sinosoft Technology Group, Ltd.		5,067,599		663,197
#	Sinotrans, Ltd., Class H		16,220,000		3,934,532
	Sinotruk Hong Kong, Ltd.		4,226,000		8,568,390
	Skyfame Realty Holdings, Ltd.		18,112,000		2,388,646
	Skyworth Group, Ltd.		14,687,628		3,373,776
# *	SMI Holdings Group, Ltd.		6,033,814		291,865
# *	Sogou, Inc., ADR		8,336		29,676
	SOHO China, Ltd.		15,376,500		7,368,032

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
CHINA — (Continued)
*	Sohu.com, Ltd., ADR		115,019	$	965,009
# *	Sparkle Roll Group, Ltd.		7,624,000		189,531
*	SPT Energy Group, Inc.		4,010,000		169,595
*	SRE Group, Ltd.		33,284,346		119,746
	SSY Group, Ltd.		11,747,152		8,271,578
# *	Starrise Media Holdings, Ltd.		2,408,000		305,352
	Suchuang Gas Corp., Ltd.		608,000		149,074
#	Sun King Power Electronics Group		3,912,000		559,152
# *	Sunshine 100 China Holdings, Ltd.		940,000		167,548
	Sunward Intelligent Equipment Co., Ltd., Class A		24,500		22,477
	Sunwave Communications Co., Ltd., Class A		15,800		20,179
*	Suzhou Chunxing Precision Mechanical Co., Ltd., Class A		135,597		139,242
	Symphony Holdings, Ltd.		8,950,000		1,059,552
	Tang Palace China Holdings, Ltd.		440,000		42,223
# *	Tarena International, Inc., ADR		97,613		497,826
*	Taung Gold International, Ltd.		60,770,000		237,005
	TCL Electronics Holdings, Ltd.		5,372,347		2,193,295
	Ten Pao Group Holdings, Ltd.		1,296,000		117,044
#	Tenfu Cayman Holdings Co., Ltd.		289,000		204,910
# *	Tenwow International Holdings, Ltd.		4,220,000		38,811
#	Texhong Textile Group, Ltd.		2,065,500		1,485,772
*	Textainer Group Holdings, Ltd.		178,962		1,599,985
	Tian An China Investment Co., Ltd.		1,718,000		686,823
*	Tian Ge Interactive Holdings, Ltd.		3,128,000		527,049
	Tian Shan Development Holding, Ltd.		1,880,000		754,145
	Tiangong International Co., Ltd.		4,698,000		1,495,205
	Tianjin Capital Environmental Protection Group Co., Ltd., Class H		2,484,000		792,304
	Tianjin Development Holdings, Ltd.		3,680,000		778,278
	Tianjin Port Development Holdings, Ltd.		14,950,800		999,469
#	Tianneng Power International, Ltd.		5,364,048		5,250,044
#	Tianyun International Holdings, Ltd.		1,794,000		186,744
	Tibet Summit Resources Co., Ltd., Class A		36,000		38,516
# *	Tibet Water Resources, Ltd.		11,844,000		485,180
	Time Watch Investments, Ltd.		1,562,000		188,043
	Tomson Group, Ltd.		3,169,054		732,217
	Tong Ren Tang Technologies Co., Ltd., Class H		4,202,000		3,329,490
	Tongda Group Holdings, Ltd.		31,420,000		2,019,914
*	Tongfang Kontafarma Holdings, Ltd.		186,000		2,430
	Tongyu Communication, Inc., Class A		45,500		165,436
#	Top Spring International Holdings, Ltd.		1,539,500		232,718
#	Towngas China Co., Ltd.		7,169,609		3,604,002
#	Trigiant Group, Ltd.		4,284,000		726,593
*	Trony Solar Holdings Co., Ltd.		1,757,000		0
*	Truly International Holdings, Ltd.		8,011,573		887,984
	Tsaker Chemical Group, Ltd.		1,314,500		219,094
# *	Tuniu Corp., Sponsored ADR		148,809		125,253
	Uni-President China Holdings, Ltd.		8,633,000		8,667,000
	United Energy Group, Ltd.		40,190,900		7,319,560
# *	V1 Group, Ltd.		10,687,579		190,839
	Vinda International Holdings, Ltd.		1,209,000		3,619,449
	Wangneng Environment Co., Ltd., Class A		12,600		29,970
	Wasion Holdings, Ltd.		4,034,000		1,381,675
	Weiqiao Textile Co., Class H		2,420,500		504,222
	West China Cement, Ltd.		20,636,000		3,677,927
#	Wisdom Education International Holdings Co., Ltd.		3,394,000		1,418,176
	Wison Engineering Services Co., Ltd.		1,334,000		132,934
	Wuhan Department Store Group Co., Ltd., Class A		80,682		125,693
	Wuhan P&S Information Technology Co., Ltd., Class A		128,000		128,461
#	Xiabuxiabu Catering Management China Holdings Co., Ltd.		2,619,500		2,393,869

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
CHINA — (Continued)
	Xiamen International Port Co., Ltd., Class H		7,298,000	$	650,516
	Xingda International Holdings, Ltd.		6,955,713		1,655,731
	Xingfa Aluminium Holdings, Ltd.		503,000		445,913
	Xinhua Winshare Publishing and Media Co., Ltd., Class H		2,843,103		1,956,899
	Xinjiang Machinery Research Institute Co., Ltd., Class A		33,100		19,479
*	Xinming China Holdings, Ltd.		1,016,000		139,140
	Xinyi Solar Holdings, Ltd.		3,067,781		1,946,971
	Xinyuan Real Estate Co., Ltd., ADR		228,382		593,793
	Xtep International Holdings, Ltd.		8,503,439		3,266,299
# *	Xunlei, Ltd., ADR		148,348		542,954
	Yadea Group Holdings, Ltd.		8,016,000		2,982,576
*	Yanchang Petroleum International, Ltd.		12,530,000		63,470
	Yashili International Holdings, Ltd.		5,308,000		304,695
	YiChang HEC ChangJiang Pharmaceutical Co., Ltd., Class H		740,200		2,791,407
*	Yida China Holdings, Ltd.		1,148,000		296,275
	Yip’s Chemical Holdings, Ltd.		1,728,000		523,056
# *	Yiren Digital, Ltd., ADR		211,195		834,220
	Yorkey Optical International Cayman, Ltd.		396,000		30,278
*	Youyuan International Holdings, Ltd.		2,698,070		33,933
*	YuanShengTai Dairy Farm, Ltd.		8,272,000		342,712
	Yuexiu Property Co., Ltd.		53,900,284		10,248,034
	Yuexiu Transport Infrastructure, Ltd.		6,128,018		4,277,817
	Yuzhou Properties Co., Ltd.		15,039,759		6,407,453
#	Zhaojin Mining Industry Co., Ltd., Class H		4,695,000		5,274,940
#	Zhejiang Expressway Co., Ltd., Class H		9,716,000		7,348,179
# *	Zhejiang Glass Co., Ltd.		445,000		0
	Zhejiang Jiecang Linear Motion Technology Co., Ltd., Class A		3,300		22,631
	Zhejiang Kaishan Compressor Co., Ltd., Class A		30,000		44,917
	Zhengzhou Coal Mining Machinery Group Co., Ltd., Class H		1,827,800		742,820
# *	Zhong An Group, Ltd.		20,677,800		635,041
#	Zhongyu Gas Holdings, Ltd.		1,899,306		1,626,423
#	Zhou Hei Ya International Holdings Co., Ltd.		4,521,500		2,541,838
# *	Zhuguang Holdings Group Co., Ltd.		7,324,000		1,055,868
	Zhuhai Holdings Investment Group, Ltd.		2,104,000		325,463
	Zhuhai Orbita Aerospace Science & Technology Co., Ltd., Class A		49,600		72,654
	Zhuzhou CRRC Times Electric Co., Ltd., Class H		1,775,000		5,429,965

TOTAL CHINA					966,698,997

COLOMBIA — (0.2%)
	Bolsa de Valores de Colombia		63,819		151,044
	Celsia SA ESP		2,207,486		2,341,864
	Cementos Argos SA		1,165,041		1,146,207
*	CEMEX Latam Holdings SA		1,024,868		465,967
*	Constructora Conconcreto SA		323,906		33,953
*	Corp. Financiera Colombiana SA		315,671		2,057,167
*	Empresa de Telecomunicaciones de Bogota		528,419		29,097
	Grupo Nutresa SA		134,015		746,747
	Interconexion Electrica SA ESP		21,420		98,470
	Mineros SA		205,322		159,217
	Promigas SA ESP		10,240		18,080

TOTAL COLOMBIA					7,247,813

GREECE — (0.5%)
	Aegean Airlines SA		208,092		1,343,907
	Athens Water Supply & Sewage Co. SA		211,352		1,568,392
	AUTOHELLAS SA		121,771		624,458
	Bank of Greece		140,045		2,013,770
*	Ellaktor SA		733,119		716,496

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
GREECE — (Continued)
	Fourlis Holdings SA		256,837	$	1,006,095
*	GEK Terna Holding Real Estate Construction SA		480,472		3,067,268
	Hellenic Exchanges - Athens Stock Exchange SA		403,464		1,503,775
	Holding Co. ADMIE IPTO SA		634,274		1,422,819
*	Intracom Holdings SA		265,272		144,382
*	Intralot SA-Integrated Lottery Systems & Services		501,926		77,946
*	LAMDA Development SA		343,037		2,254,717
*	Marfin Investment Group Holdings SA		4,448,562		324,687
	Mytilineos SA		244,926		1,826,393
*	Piraeus Bank SA		1,199,594		1,601,123
	Piraeus Port Authority SA		43,831		821,639
	Sarantis SA		190,274		1,629,439
	Terna Energy SA		213,875		1,997,370
	Thessaloniki Port Authority SA		344		7,859

TOTAL GREECE					23,952,535

HONG KONG — (0.1%)
*	Anxin-China Holdings, Ltd.		16,347,000		0
*	China Agri-Products Exchange, Ltd.		45,605		412
	Fiber Optic Center, Inc.		9,639,999		65,282
#	Fuguiniao Co., Ltd.		1,930,000		181,113
	Hosa International, Inc.		3,700,000		25,963
*	Karce International Holdings Open		1,336,000		0
# *	Long Well International Holdings, Ltd.		15,232,000		43,422
	My Medicare		6,950,000		38,638
	Real Gold Mining, Ltd.		300,500		10,194
	Shougang Concord International Enterprises Co., Ltd.		10,977,600		2,082,530
	Tech-Pro, Inc.		43,862,000		72,420

TOTAL HONG KONG					2,519,974

HUNGARY — (0.1%)
*	CIG Pannonia Life Insurance P.L.C., Class A		205,071		85,821
	Magyar Telekom Telecommunications P.L.C.		1,977,515		2,458,593
# *	Opus Global Nyrt		223,244		183,774
	Richter Gedeon Nyrt		114,778		2,452,661

TOTAL HUNGARY					5,180,849

INDIA — (11.5%)
*	3M India, Ltd.		4,156		1,056,206
*	5Paisa Capital, Ltd.		23,504		48,644
	Aarti Drugs, Ltd.		20,845		196,281
	Aarti Industries, Ltd.		394,124		5,727,151
*	Aarti Surfactants, Ltd.		19,706		10,456
	Abbott India, Ltd.		15,291		3,555,586
*	Accelya Kale Solutions, Ltd.		3,300		39,724
	Adani Enterprises, Ltd.		740,109		1,365,349
	Adani Gas, Ltd.		303,642		418,547
*	Adani Green Energy, Ltd.		799,473		2,224,273
*	Adani Power, Ltd.		2,993,477		1,244,922
*	Adani Transmissions, Ltd.		448,591		1,219,127
*	Aditya Birla Capital, Ltd.		728,578		481,009
*	Aditya Birla Fashion and Retail, Ltd.		841,640		1,287,692
	Advanced Enzyme Technologies, Ltd.		180,273		347,183
	Aegis Logistics, Ltd.		682,381		1,528,876
	Agro Tech Foods, Ltd.		75,081		472,238
	Ahluwalia Contracts India, Ltd.		24,323		59,002
	AIA Engineering, Ltd.		234,620		5,058,907
	Ajanta Pharma, Ltd.		194,402		3,814,180

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
INDIA — (Continued)
	Akzo Nobel India, Ltd.		76,965	$	2,121,108
	Alembic Pharmaceuticals, Ltd.		443,923		4,369,723
	Alembic, Ltd.		618,680		414,559
	Alkyl Amines Chemicals		25,698		606,906
	Allcargo Logistics, Ltd.		441,475		436,523
	Amara Raja Batteries, Ltd.		200,856		1,515,967
	Amber Enterprises India, Ltd.		9,759		138,095
	Amrutanjan Health Care, Ltd.		7,403		37,990
*	Amtek Auto, Ltd.		217,501		1,493
	Anant Raj, Ltd.		672,753		150,283
	Andhra Sugars, Ltd. (The)		26,020		88,149
*	Anup Engineering, Ltd.		23,197		97,307
	Apar Industries, Ltd.		90,684		373,045
	Apcotex Industries, Ltd.		3,763		5,151
	APL Apollo Tubes, Ltd.		41,693		791,091
	Apollo Hospitals Enterprise, Ltd.		426,257		7,852,940
	Apollo Tyres, Ltd.		1,844,425		2,343,996
*	Arvind Fashions, Ltd.		213,564		393,590
	Arvind, Ltd.		682,156		217,714
	Asahi India Glass, Ltd.		456,696		1,018,080
	Ashiana Housing, Ltd.		242,139		136,415
	Ashok Leyland, Ltd.		4,777,564		3,280,484
*	Ashoka Buildcon, Ltd.		470,776		395,991
	Astra Microwave Products, Ltd.		45,929		39,282
	Astral Polytechnik, Ltd.		165,627		2,079,498
	AstraZeneca Pharma India, Ltd.		19,541		777,049
	Atul, Ltd.		73,157		4,708,930
	Automotive Axles, Ltd.		31,435		210,897
	Avanti Feeds, Ltd.		294,339		1,670,908
*	Bajaj Consumer Care, Ltd.		445,621		850,982
	Bajaj Electricals, Ltd.		206,979		934,012
*	Bajaj Hindusthan Sugar, Ltd.		2,833,384		208,936
	Bajaj Holdings & Investment, Ltd.		96,197		2,595,707
	Balaji Amines, Ltd.		64,754		351,285
	Balkrishna Industries, Ltd.		552,678		6,719,933
	Balmer Lawrie & Co., Ltd.		463,285		615,522
	Balrampur Chini Mills, Ltd.		1,031,681		1,356,397
	Banco Products India, Ltd.		152,996		140,685
	Bandhan Bank, Ltd.		67,331		232,245
*	Bank of Maharashtra		1,620,868		206,144
	Bannari Amman Sugars, Ltd.		14,297		171,248
	BASF India, Ltd.		81,551		1,131,490
	Bata India, Ltd.		157,245		2,874,241
	Bayer CropScience, Ltd.		7,704		438,115
	BEML, Ltd.		76,057		587,977
	Berger Paints India, Ltd.		508,953		3,413,066
*	BF Utilities, Ltd.		82,031		186,961
	Bhansali Engineering Polymers, Ltd.		345,140		176,782
	Bharat Dyanamics, Ltd.		18,219		52,104
	Bharat Electronics, Ltd.		823,398		787,873
	Bharat Forge, Ltd.		290,261		1,179,007
	Bharat Heavy Electricals, Ltd.		4,925,028		1,469,700
	Bharat Rasayan, Ltd.		2,844		259,564
*	Bharti Airtel, Ltd.		915		6,231
	Birla Corp., Ltd.		137,043		744,259
*	Birla Tyres, Ltd.		78,725		6,971
*	Birlasoft, Ltd.		1,131,802		1,080,546
	Bliss Gvs Pharma, Ltd.		354,023		453,191
	Blue Dart Express, Ltd.		34,883		1,029,940

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
INDIA — (Continued)
	Blue Star, Ltd.		182,107	$	1,283,274
	Bodal Chemicals, Ltd.		291,542		201,455
	Bombay Dyeing & Manufacturing Co., Ltd.		413,940		282,085
	Borosil Renewables, Ltd.		119,703		59,025
	Brigade Enterprises, Ltd.		417,216		654,082
	BSE, Ltd.		74,598		385,296
	Can Fin Homes, Ltd.		236,350		1,002,286
*	Canara Bank		1,745,555		2,017,355
	Capacit’e Infraprojects, Ltd.		15,657		18,029
	Caplin Point Laboratories, Ltd.		122,099		561,978
	Carborundum Universal, Ltd.		377,694		1,108,444
	Care Ratings, Ltd.		72,983		357,941
	Castrol India, Ltd.		540,366		930,987
	CCL Products India, Ltd.		400,185		1,027,602
	Ceat, Ltd.		149,457		1,586,170
	Central Depository Services India, Ltd.		189,122		565,516
	Century Plyboards India, Ltd.		426,413		689,705
	Century Textiles & Industries, Ltd.		169,090		650,656
	Cera Sanitaryware, Ltd.		32,492		955,233
	CESC, Ltd.		420,901		3,616,528
*	CG Power and Industrial Solutions, Ltd.		2,544,959		268,658
	Chambal Fertilizers & Chemicals, Ltd.		943,783		1,617,532
*	Chennai Petroleum Corp., Ltd.		258,566		213,378
	Chennai Super Kings Cricket, Ltd.		1,658,632		9,319
*	Cholamandalam Financial Holdings, Ltd.		515,103		2,017,375
	Cholamandalam Investment and Finance Co., Ltd.		59,356		124,080
	City Union Bank, Ltd.		1,698,638		3,215,697
	Cochin Shipyard, Ltd.		43,308		142,735
*	Coffee Day Enterprises, Ltd.		170,282		42,998
	Coromandel International, Ltd.		576,439		4,485,475
*	CreditAccess Grameen, Ltd.		13,116		84,487
	CRISIL, Ltd.		131,327		2,559,127
	Crompton Greaves Consumer Electricals, Ltd.		2,964,416		8,722,932
	Cummins India, Ltd.		235,271		1,171,501
	Cyient, Ltd.		394,638		1,199,238
*	Dalmia Bharat, Ltd.		324,460		2,245,368
	DB Corp., Ltd.		166,994		165,500
	DCB Bank, Ltd.		1,293,677		1,370,447
	DCM Shriram, Ltd.		296,517		1,075,107
	Deepak Fertilisers & Petrochemicals Corp., Ltd.		187,415		256,604
	Deepak Nitrite, Ltd.		291,386		1,936,372
	Delta Corp., Ltd.		661,802		599,704
	DFM Foods, Ltd.		10,606		29,717
	Dhampur Sugar Mills, Ltd.		160,213		212,414
	Dhanuka Agritech, Ltd.		52,930		311,670
	Dilip Buildcon, Ltd.		206,171		700,505
*	Dish TV India, Ltd.		3,416,870		217,218
	Dishman Carbogen Amcis, Ltd.		540,977		601,965
	Dixon Technologies India, Ltd.		15,729		949,636
	Dr Lal PathLabs, Ltd.		158,114		3,280,075
*	Dynamatic Technologies, Ltd.		8,945		64,891
	eClerx Services, Ltd.		152,368		935,866
	Edelweiss Financial Services, Ltd.		1,553,368		809,792
	EID Parry India, Ltd.		482,515		930,116
	EIH, Ltd.		1,036,646		1,033,680
	Elgi Equipments, Ltd.		360,052		622,326
	Emami, Ltd.		218,114		564,503
	Endurance Technologies, Ltd.		29,902		266,647
	Engineers India, Ltd.		1,113,626		992,669

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
INDIA — (Continued)
	Entertainment Network India, Ltd.		67,400	$	123,286
	Eris Lifesciences, Ltd.		75,063		494,425
	Escorts, Ltd.		513,152		4,803,721
	Essel Propack, Ltd.		160,818		379,558
*	Excel Industries, Ltd.		3,403		29,583
	Exide Industries, Ltd.		1,455,186		3,036,538
	FDC, Ltd.		412,778		1,328,115
	Federal Bank, Ltd.		10,230,166		6,576,381
	Fine Organic Industries, Ltd.		658		17,498
	Finolex Cables, Ltd.		693,132		2,342,697
	Finolex Industries, Ltd.		285,819		1,524,579
	Firstsource Solutions, Ltd.		1,223,791		569,262
*	Force Motors, Ltd.		4,465		51,289
*	Fortis Healthcare, Ltd.		2,456,374		4,107,812
*	Future Enterprises, Ltd.		834,553		140,365
	Future Lifestyle Fashions, Ltd.		141,933		292,240
*	Future Retail, Ltd.		143,111		162,435
	Gabriel India, Ltd.		416,051		456,353
	Galaxy Surfactants, Ltd.		4,971		92,160
	Garware Technical Fibres, Ltd.		56,666		953,406
	Gateway Distriparks, Ltd.		365,347		443,329
	GE Power India, Ltd.		3,345		19,921
	GE T&D India, Ltd.		196,502		219,608
	GHCL, Ltd.		237,567		330,312
	GIC Housing Finance, Ltd.		98,590		94,724
	Gillette India, Ltd.		16,036		1,135,898
	GlaxoSmithKline Pharmaceuticals, Ltd.		12,699		240,848
	Glenmark Pharmaceuticals, Ltd.		579,828		2,566,357
	GMM Pfaudler, Ltd.		2,017		93,348
*	GMR Infrastructure, Ltd.		10,477,062		2,361,828
	GOCL Corp., Ltd.		46,790		98,164
	Godfrey Phillips India, Ltd.		91,690		1,220,193
	Godrej Agrovet, Ltd.		22,929		123,598
	Godrej Industries, Ltd.		471,291		1,651,481
*	Godrej Properties, Ltd.		171,502		1,524,517
	Granules India, Ltd.		751,239		1,595,834
	Graphite India, Ltd.		52,686		145,304
	Great Eastern Shipping Co., Ltd. (The)		440,195		1,370,422
*	Greaves Cotton, Ltd.		583,522		614,846
*	Greenpanel Industries, Ltd.		223,561		81,338
	Greenply Industries, Ltd.		228,130		313,832
	Grindwell Norton, Ltd.		105,759		726,476
	Gujarat Alkalies & Chemicals, Ltd.		150,535		720,823
	Gujarat Ambuja Exports, Ltd.		252,358		406,516
*	Gujarat Fluorochemicals, Ltd.		224,424		925,764
	Gujarat Gas, Ltd.		1,484,059		5,129,914
	Gujarat Industries Power Co., Ltd.		253,660		198,230
	Gujarat Mineral Development Corp., Ltd.		582,852		302,759
	Gujarat Narmada Valley Fertilizers & Chemicals, Ltd.		250,999		465,680
	Gujarat Pipavav Port, Ltd.		1,270,512		960,960
	Gujarat State Fertilizers & Chemicals, Ltd.		561,559		326,994
	Gujarat State Petronet, Ltd.		1,126,654		3,110,358
	Gulf Oil Lubricants India, Ltd.		95,362		754,520
*	GVK Power & Infrastructure, Ltd.		4,262,306		154,302
	Hatsun Agro Products, Ltd.		68,638		460,799
	HBL Power Systems, Ltd.		627,675		107,893
*	HealthCare Global Enterprises, Ltd.		92,974		85,497
	HEG, Ltd.		11,644		122,989
	HeidelbergCement India, Ltd.		456,501		942,989

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
INDIA — (Continued)
*	Hemisphere Properties India, Ltd.		216,014	$	179,928
	Heritage Foods, Ltd.		80,360		292,243
	Hester Biosciences, Ltd.		11,114		196,781
	Hexaware Technologies, Ltd.		781,273		2,895,893
	HFCL, Ltd.		3,822,351		553,698
	HG Infra Engineering Ltd.		6,179		14,724
	Hikal, Ltd.		293,220		432,408
	HIL, Ltd.		15,712		164,463
	Himadri Speciality Chemical, Ltd.		634,968		416,286
	Himatsingka Seide, Ltd.		241,258		173,561
	Hinduja Global Solutions, Ltd.		46,310		355,623
*	Hindustan Construction Co., Ltd.		1,606,341		105,439
*	Hindustan Oil Exploration Co., Ltd.		265,838		141,708
	Honda SIEL Power Products, Ltd.		16,776		196,558
	Honeywell Automation India, Ltd.		12,154		4,556,961
	Hopewell Tableware, Ltd.		119,703		222,844
*	Housing Development & Infrastructure, Ltd.		547,080		13,367
	Huhtamaki PPL, Ltd.		141,795		390,875
	ICICI Securities, Ltd.		134,319		640,227
	ICRA, Ltd.		3,234		97,943
*	IDFC First Bank, Ltd.		13,130,930		3,770,607
	IDFC, Ltd.		5,811,076		1,117,767
*	IFB Industries, Ltd.		66,771		363,859
*	IFCI, Ltd.		4,718,554		255,895
	IIFL Finance, Ltd.		1,309,555		1,327,277
	IIFL Securities, Ltd.		1,410,829		637,322
	IIFL Wealth Management, Ltd.		201,547		2,516,183
	India Cements, Ltd. (The)		1,409,890		1,927,899
	India Glycols, Ltd.		67,908		249,541
	India Nippon Electricals, Ltd.		14,955		58,808
	Indiabulls Housing Finance, Ltd.		1,474,130		2,582,418
*	Indiabulls Integrated Services, Ltd.		41,160		23,636
*	Indiabulls Real Estate, Ltd.		1,798,473		1,380,527
	Indiabulls Ventures, Ltd.		898,257		1,259,301
	Indiabulls Ventures, Ltd.		152,225		59,345
*	Indian Bank		958,733		657,542
	Indian Energy Exchange, Ltd.		107,781		215,279
	Indian Hotels Co., Ltd. (The)		3,481,622		3,686,973
	Indian Hume Pipe Co., Ltd.		61,177		130,574
*	Indian Overseas Bank		3,261,175		331,761
	Indo Count Industries, Ltd.		435,926		169,992
	Indoco Remedies, Ltd.		229,073		712,100
	INEOS Styrolution India, Ltd.		29,043		223,178
	Infibeam Avenues, Ltd.		887,661		523,969
	Ingersoll-Rand India, Ltd.		70,338		586,704
	Inox Leisure, Ltd.		344,055		966,869
	Insecticides India, Ltd.		32,706		177,813
*	Intellect Design Arena, Ltd.		352,089		330,541
	Ipca Laboratories, Ltd.		386,950		8,256,725
*	IRB Infrastructure Developers, Ltd.		1,036,768		953,110
	IRCON International, Ltd.		94,785		107,155
	ITD Cementation India, Ltd.		370,866		185,508
*	ITI, Ltd.		77,824		88,308
	J Kumar Infraprojects, Ltd.		166,672		175,718
	Jagran Prakashan, Ltd.		574,711		316,442
	Jai Corp., Ltd.		298,020		276,030
*	Jaiprakash Associates, Ltd.		2,401,991		52,553
*	Jaiprakash Power Ventures, Ltd.		15,245,328		139,898
*	Jammu & Kashmir Bank, Ltd. (The)		1,584,236		311,175

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
INDIA — (Continued)
	Jamna Auto Industries, Ltd.		913,298	$	312,504
	JB Chemicals & Pharmaceuticals, Ltd.		200,453		1,485,281
*	Jindal Photo Imaging, Ltd.		27,121		22,717
	Jindal Poly Films, Ltd.		95,594		313,290
	Jindal Saw, Ltd.		837,686		614,595
*	Jindal Stainless Hisar, Ltd.		336,993		196,920
*	Jindal Stainless, Ltd.		553,776		227,929
*	Jindal Steel & Power, Ltd.		2,739,856		3,357,430
	JK Cement, Ltd.		158,530		2,355,047
	JK Lakshmi Cement, Ltd.		245,690		648,573
	JK Paper, Ltd.		454,422		591,665
	JK Tyre & Industries, Ltd.		437,511		300,580
	JM Financial, Ltd.		1,876,685		1,608,727
	JMC Projects India, Ltd.		273,093		147,443
	Johnson Controls-Hitachi Air Conditioning India, Ltd.		62,391		1,944,258
	JSW Energy, Ltd.		2,583,431		1,519,251
	JTEKT India, Ltd.		143,939		95,301
	Jubilant Foodworks, Ltd.		499,835		10,779,815
	Jubilant Life Sciences, Ltd.		517,993		2,748,437
*	Just Dial, Ltd.		239,713		1,278,472
	Jyothy Labs, Ltd.		702,307		1,078,396
	Kajaria Ceramics, Ltd.		508,518		2,523,191
	Kalpataru Power Transmission, Ltd.		344,453		1,056,894
	Kalyani Steels, Ltd.		97,687		198,140
	Kansai Nerolac Paints, Ltd.		182,999		992,594
	Karnataka Bank, Ltd. (The)		1,488,891		863,230
	Karur Vysya Bank, Ltd. (The)		2,646,453		1,030,529
	Kaveri Seed Co., Ltd.		217,285		1,075,268
	KCP, Ltd. (The)		269,517		151,751
	KEC International, Ltd.		528,457		1,367,602
	KEI Industries, Ltd.		275,843		1,059,736
	Kewal Kiran Clothing, Ltd.		2,328		25,026
	Kiri Industries, Ltd.		74,470		288,654
	Kirloskar Brothers, Ltd.		136,214		189,091
	Kirloskar Oil Engines, Ltd.		257,475		381,434
	KNR Constructions, Ltd.		267,700		741,111
	Kolte-Patil Developers, Ltd.		80,966		179,551
*	KPIT Technologies, Ltd.		1,131,802		843,397
	KPR Mill, Ltd.		105,973		649,416
	KRBL, Ltd.		394,087		1,005,034
	KSB, Ltd.		40,851		264,876
	L&T Finance Holdings, Ltd.		2,809,850		2,427,045
	LA Opala RG, Ltd.		131,747		306,323
	Lakshmi Machine Works, Ltd.		20,008		642,978
*	Lakshmi Vilas Bank, Ltd. (The)		85,530		16,760
	Laurus Labs, Ltd.		110,867		750,137
	LG Balakrishnan & Bros, Ltd.		50,669		130,097
	LIC Housing Finance, Ltd.		209,903		785,184
	Linde India, Ltd.		103,584		736,457
	LT Foods, Ltd.		694,369		200,566
	Lumax Industries, Ltd.		7,257		99,442
	LUX Industries, Ltd.		43,583		542,377
	Magma Fincorp, Ltd.		401,116		98,312
	Mahanagar Gas, Ltd.		266,149		3,404,555
	Maharashtra Scooters, Ltd.		8,849		263,415
	Maharashtra Seamless, Ltd.		142,905		420,783
	Mahindra & Mahindra Financial Services, Ltd.		646,761		1,412,528
*	Mahindra CIE Automotive, Ltd.		440,936		552,195
*	Mahindra Holidays & Resorts India, Ltd.		275,377		480,919

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
INDIA — (Continued)
	Mahindra Lifespace Developers, Ltd.		158,337	$	391,628
	Mahindra Logistics, Ltd.		13,323		45,922
	Maithan Alloys, Ltd.		3,803		19,792
	Majesco, Ltd.		77,810		278,312
	Manappuram Finance, Ltd.		2,043,527		3,603,123
	Mangalore Refinery & Petrochemicals, Ltd.		973,101		416,226
	Marksans Pharma, Ltd.		1,386,544		367,921
	MAS Financial Services, Ltd.		21,563		179,751
	Mastek, Ltd.		54,899		185,338
*	Max Financial Services, Ltd.		668,286		4,121,798
*	Max India, Ltd.		924,605		749,797
	Mayur Uniquoters, Ltd.		95,841		193,275
	Meghmani Organics, Ltd.		550,558		364,759
	Minda Corp., Ltd.		62,629		56,226
	Minda Industries, Ltd.		318,014		1,213,676
	Mindtree, Ltd.		271,568		3,284,048
	MM Forgings, Ltd.		9,652		23,765
	MOIL, Ltd.		431,296		737,882
*	Morepen Laboratories, Ltd.		1,301,310		314,177
	Motilal Oswal Financial Services, Ltd.		180,212		1,211,771
	Mphasis, Ltd.		554,543		5,487,574
	MPS, Ltd.		36,417		134,454
	Multi Commodity Exchange of India, Ltd.		77,195		1,086,192
*	Muthoot Capital Services, Ltd.		34,866		134,718
	Muthoot Finance, Ltd.		620,891		7,154,945
	Narayana Hrudayalaya, Ltd.		222,842		820,616
	Natco Pharma, Ltd.		576,061		4,644,402
	National Aluminium Co., Ltd.		3,035,749		1,270,478
	Nava Bharat Ventures, Ltd.		438,140		219,728
	Navin Fluorine International, Ltd.		109,618		2,264,223
	Navneet Education, Ltd.		623,067		597,620
	NBCC India, Ltd.		1,986,749		517,715
	NCC, Ltd.		3,085,488		1,053,734
	NESCO, Ltd.		158,420		940,887
*	Network18 Media & Investments, Ltd.		627,668		187,346
	Neuland Laboratories, Ltd.		14,795		86,909
	Newgen Software Technologies, Ltd.		3,784		6,720
	NHPC, Ltd.		271,593		74,869
	NIIT Technologies, Ltd.		105,459		1,677,751
	NIIT, Ltd.		370,759		414,536
	Nilkamal, Ltd.		34,294		483,607
	NLC India, Ltd.		664,476		399,752
	NOCIL, Ltd.		325,603		374,439
	NRB Bearings, Ltd.		233,278		220,205
	Nucleus Software Exports, Ltd.		30,339		90,260
	Oberoi Realty, Ltd.		467,355		2,101,713
	Oil India, Ltd.		1,108,498		1,443,502
	Omaxe, Ltd.		269,895		552,237
*	Oracle Financial Services Software, Ltd.		439		13,588
	Orient Cement, Ltd.		417,073		224,717
	Orient Electric, Ltd.		388,074		949,426
	Orient Refractories, Ltd.		181,847		353,314
	Oriental Carbon & Chemicals, Ltd.		13,160		107,900
	Paisalo Digital, Ltd.		11,486		25,832
	Parag Milk Foods, Ltd.		213,876		257,453
*	PC Jeweller, Ltd.		1,075,573		170,604
	Persistent Systems, Ltd.		270,386		1,697,944
	Pfizer, Ltd.		92,675		6,036,864
	Phillips Carbon Black, Ltd.		389,751		410,275

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
INDIA — (Continued)
	Phoenix Mills, Ltd. (The)		357,609	$	2,593,131
	PI Industries, Ltd.		438,938		9,166,386
	PNB Housing Finance, Ltd.		238,767		624,825
	PNC Infratech, Ltd.		120,036		197,914
	Poly Medicure, Ltd.		70,966		213,559
	Polyplex Corp., Ltd.		56,807		329,961
	Power Mech Projects, Ltd.		15,464		77,644
*	Prabhat Dairy, Ltd.		131,884		117,148
	Praj Industries, Ltd.		423,584		344,067
	Prakash Industries, Ltd.		358,348		151,280
	Prestige Estates Projects, Ltd.		800,395		1,827,074
*	Prime Focus, Ltd.		140,332		52,553
	Prism Johnson, Ltd.		631,808		319,896
*	Procter & Gamble Health, Ltd.		43,498		2,473,884
	PSP Projects, Ltd.		13,842		67,349
	PTC India Financial Services, Ltd.		1,468,842		185,675
	PTC India, Ltd.		1,402,649		741,270
*	Punjab National Bank		1,961,074		838,320
	PVR, Ltd.		208,203		2,768,481
*	Quess Corp., Ltd.		89,506		248,884
	Quick Heal Technologies, Ltd.		61,689		96,228
	Radico Khaitan, Ltd.		389,838		1,531,764
	Rain Industries Ltd.		615,411		574,730
	Rajesh Exports, Ltd.		300,200		2,465,186
	Rallis India, Ltd.		467,548		1,316,534
	Ramco Cements, Ltd. (The)		397,937		2,917,697
	Ramco Industries, Ltd.		178,910		310,084
	Ramkrishna Forgings, Ltd.		76,946		190,164
	Rane Holdings, Ltd.		18,184		95,281
	Rashtriya Chemicals & Fertilizers, Ltd.		977,335		506,485
	Ratnamani Metals & Tubes, Ltd.		71,509		867,903
	Raymond, Ltd.		229,764		732,248
	RBL Bank, Ltd.		1,178,715		2,029,255
	Redington India, Ltd.		1,758,618		1,738,134
	Relaxo Footwears, Ltd.		257,596		2,167,054
*	Reliance Infrastructure, Ltd.		768,426		224,707
*	Reliance Power, Ltd.		1,973,701		60,055
*	Religare Enterprises, Ltd.		66,465		20,641
	Repco Home Finance, Ltd.		238,784		399,517
*	RP-SG Business Process Services, Ltd.		70,349		124,935
	Sadbhav Engineering, Ltd.		525,941		324,329
	Sadbhav Infrastructure Project, Ltd.		168,293		40,872
	Sagar Cements, Ltd.		15,163		59,753
*	Sanghi Industries, Ltd.		343,110		85,628
	Sanofi India, Ltd.		45,432		4,663,391
	Saregama India, Ltd.		51,493		184,368
	Sasken Technologies, Ltd.		34,374		185,928
*	Satin Creditcare Network, Ltd.		18,130		14,621
	Savita Oil Technologies, Ltd.		1,482		13,801
	Schaeffler India, Ltd.		38,929		1,782,043
*	Schneider Electric Infrastructure, Ltd.		59,047		65,365
	Security & Intelligence Services India, Ltd.		1,632		9,080
	Sequent Scientific, Ltd.		244,159		244,268
	SH Kelkar & Co., Ltd.		128,058		110,765
	Shankara Building Products, Ltd.		23,325		79,025
	Sharda Cropchem, Ltd.		97,276		189,702
*	Sheela Foam, Ltd.		4,860		96,850
	Shilpa Medicare, Ltd.		123,440		590,793
*	Shipping Corp. of India, Ltd.		756,298		438,829

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
INDIA — (Continued)
	Shoppers Stop, Ltd.		76,321	$	188,785
	Shriram City Union Finance, Ltd.		64,781		628,589
	Shriram Transport Finance Co., Ltd.		1,158		12,015
	Siyaram Silk Mills, Ltd.		30,118		53,414
	SKF India, Ltd.		123,880		2,420,673
	SML ISUZU, Ltd.		34,426		176,873
	Sobha, Ltd.		337,751		899,484
	Solar Industries India, Ltd.		147,949		1,730,596
	Solara Active Pharma Sciences, Ltd.		9,569		73,545
	Somany Ceramics, Ltd.		50,658		72,964
*	Somany Home Innovation, Ltd.		230,605		226,199
	Sonata Software, Ltd.		269,603		763,926
	South Indian Bank, Ltd. (The)		6,306,233		492,187
	SRF, Ltd.		128,616		6,303,409
	Srikalahasthi Pipes, Ltd.		114,116		223,983
	Star Cement, Ltd.		205,348		212,936
	Steel Authority of India, Ltd.		4,695,612		1,956,885
	Sterlite Technologies, Ltd.		742,267		879,387
	Strides Pharma Science, Ltd.		332,258		1,900,757
	Subros, Ltd.		140,996		303,582
	Sudarshan Chemical Industries		141,266		764,637
*	Sumitomo Chemical India, Ltd.		124,491		398,776
	Sun TV Network, Ltd.		524,024		2,664,474
	Sundaram Finance Holdings, Ltd.		54,598		33,161
	Sundaram Finance, Ltd.		67,923		1,142,602
	Sundaram-Clayton, Ltd.		6,812		129,268
	Sundram Fasteners, Ltd.		421,449		1,861,951
	Sunteck Realty, Ltd.		301,891		792,081
	Suprajit Engineering, Ltd.		244,793		391,309
	Supreme Industries, Ltd.		290,557		4,193,663
	Supreme Petrochem, Ltd.		165,945		341,006
	Surya Roshni, Ltd.		101,312		121,255
*	Suven Life Sciences, Ltd.		437,090		264,046
*	Suven Pharmaceuticals, Ltd.		437,090		1,728,687
*	Suzlon Energy, Ltd.		10,013,342		353,204
	Swan Energy, Ltd.		76,621		102,321
	Swaraj Engines, Ltd.		28,164		365,348
	Symphony, Ltd.		72,354		886,756
	Syngene International, Ltd.		503,550		2,117,853
	TAKE Solutions, Ltd.		353,354		272,541
	Tanla Solutions, Ltd.		39,397		34,467
	Tasty Bite Eatables, Ltd.		629		87,477
	Tata Chemicals, Ltd.		395,329		1,477,984
	Tata Communications, Ltd.		233,493		1,325,822
	Tata Consumer Products, Ltd.		2,827,902		13,144,417
	Tata Elxsi, Ltd.		123,460		1,310,639
	Tata Metaliks, Ltd.		76,828		483,198
	Tata Power Co., Ltd. (The)		4,443,162		1,877,867
*	Tata Sponge Iron, Ltd.		101,910		314,455
*	Tata Steel BSL, Ltd.		85,559		20,245
	TCI Express, Ltd.		115,752		1,081,332
*	Techno Electric & Engineering Co., Ltd.		248,038		699,562
	Tejas Networks, Ltd.		52,773		26,108
	Texmaco Rail & Engineering, Ltd.		418,713		141,889
	Thermax, Ltd.		200,679		1,936,637
	Thirumalai Chemicals, Ltd.		274,587		164,590
	Thomas Cook India, Ltd.		274,977		97,949
	Thyrocare Technologies, Ltd.		72,894		488,000
	Tide Water Oil Co India, Ltd.		7,147		341,536

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
INDIA — (Continued)
	Time Technoplast, Ltd.		637,462	$	289,340
	Timken India, Ltd.		164,686		1,945,615
	Tinplate Co. of India, Ltd. (The)		242,554		276,419
	Torrent Power, Ltd.		1,064,851		4,695,767
	Tourism Finance Corp. of India, Ltd.		95,791		42,529
	Transport Corp. of India, Ltd.		214,413		483,911
	Trent, Ltd.		449,150		2,978,827
	Trident, Ltd.		6,329,229		407,812
	Triveni Engineering & Industries, Ltd.		488,610		242,056
	Triveni Turbine, Ltd.		426,083		427,000
	TTK Prestige, Ltd.		31,013		1,989,209
	Tube Investments of India, Ltd.		560,742		2,771,755
	TV Today Network, Ltd.		157,798		409,518
*	TV18 Broadcast, Ltd.		3,358,323		866,773
	TVS Srichakra, Ltd.		16,436		227,156
*	UCO Bank		2,632,442		446,526
	Uflex, Ltd.		209,745		510,119
	Unichem Laboratories, Ltd.		205,540		406,033
*	Union Bank of India		3,877,648		1,394,852
*	Usha Martin, Ltd.		50,166		10,348
*	VA Tech Wabag, Ltd.		152,604		260,805
	Vaibhav Global, Ltd.		62,500		785,201
	Vakrangee, Ltd.		737,146		247,830
	Vardhman Textiles, Ltd.		131,212		1,124,267
	Varroc Engineering, Ltd.		13,628		28,742
	Varun Beverages, Ltd.		85,287		757,612
	Venky’s India, Ltd.		25,598		371,099
	Vesuvius India, Ltd.		9,930		122,038
	V-Guard Industries, Ltd.		837,555		1,943,981
	Vinati Organics, Ltd.		157,412		2,047,304
	Vindhya Telelinks, Ltd.		15,392		126,583
	VIP Industries, Ltd.		255,464		784,141
	V-Mart Retail, Ltd.		40,820		932,870
*	Vodafone Idea, Ltd.		26,426,231		1,463,691
	Voltas, Ltd.		232,681		1,561,115
	VRL Logistics, Ltd.		176,245		380,054
	VST Industries, Ltd.		32,402		1,250,591
	VST Tillers Tractors, Ltd.		13,719		165,664
	WABCO India, Ltd.		28,222		2,329,983
	Welspun Corp., Ltd.		607,723		511,624
	Welspun Enterprises, Ltd.		395,274		273,747
	Welspun India, Ltd.		2,198,569		764,625
	West Coast Paper Mills, Ltd.		160,745		301,309
*	Westlife Development Ltd.		15,971		67,975
	Wheels India, Ltd.		3,448		19,085
	Whirlpool of India, Ltd.		76,768		2,089,531
*	Wockhardt, Ltd.		169,050		571,767
	Wonderla Holidays, Ltd.		83,094		142,457
	Yes Bank, Ltd.		237,637		88,131
	Zee Entertainment Enterprises, Ltd.		74,334		156,037
	Zee Learn, Ltd.		911,672		163,787
	Zensar Technologies, Ltd.		496,220		554,447
	Zydus Wellness, Ltd.		54,838		991,770

TOTAL INDIA					550,288,811

INDONESIA — (1.9%)
	Ace Hardware Indonesia Tbk PT		27,778,600		2,827,428
	Adhi Karya Persero Tbk PT		13,220,088		485,589
*	Adi Sarana Armada Tbk PT		4,074,600		101,659

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
INDONESIA — (Continued)
*	Agung Podomoro Land Tbk PT		24,163,300	$	168,702
	AKR Corporindo Tbk PT		12,923,200		2,071,138
*	Alam Sutera Realty Tbk PT		96,602,100		759,571
	Aneka Tambang Tbk		56,929,191		1,945,399
*	Armidian Karyatama Tbk PT		844,800		2,130
	Arwana Citramulia Tbk PT		28,231,700		771,420
	Asahimas Flat Glass Tbk PT		978,600		190,590
	Astra Agro Lestari Tbk PT		2,779,400		1,131,522
	Astra Otoparts Tbk PT		3,767,800		196,399
*	Astrindo Nusantara Infrastructure Tbk PT		99,399,300		334,115
*	Asuransi Kresna Mitra Tbk PT		9,131,000		705,343
*	Bakrie Telecom Tbk PT		49,756,298		31,359
*	Bank Bukopin Tbk		46,493,566		370,836
*	Bank Capital Indonesia Tbk PT		1,152,700		32,801
*	Bank Ina Perdana PT		6,723,800		490,731
	Bank Maybank Indonesia Tbk PT		6,897,100		69,319
*	Bank Nationalnobu Tbk PT		715,800		44,803
*	Bank Pan Indonesia Tbk PT		21,002,000		1,052,707
	Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		19,223,900		1,034,797
	Bank Pembangunan Daerah Jawa Timur Tbk PT		24,332,500		915,549
*	Bank Permata Tbk PT		3,881,102		320,716
	Bank Tabungan Negara Persero Tbk PT		13,260,349		780,923
*	Barito Pacific Tbk PT		47,464,000		4,595,827
	Bekasi Fajar Industrial Estate Tbk PT		35,227,700		270,544
	BFI Finance Indonesia Tbk PT		982,300		21,620
*	Bintang Oto Global Tbk PT		10,495,500		1,091,156
	BISI International Tbk PT		13,580,000		828,485
	Blue Bird Tbk PT		3,090,800		201,467
*	Buana Lintas Lautan Tbk PT		10,592,700		126,086
*	Bumi Resources Tbk PT		70,558,100		236,650
*	Bumi Serpong Damai Tbk PT		7,907,500		372,018
*	Bumi Teknokultura Unggul Tbk PT		65,924,600		221,563
	Buyung Poetra Sembada PT		1,131,500		53,155
*	Capital Financial Indonesia Tbk PT		3,997,500		100,437
	Catur Sentosa Adiprana Tbk PT		2,986,100		69,211
*	Centratama Telekomunikasi Indonesia Tbk PT		1,300,300		4,898
	Cikarang Listrindo Tbk PT		662,200		30,662
	Ciputra Development Tbk PT		76,701,720		2,765,011
*	Citra Marga Nusaphala Persada Tbk PT		12,112,102		1,205,403
*	City Retail Developments Tbk PT		12,056,400		119,710
*	Clipan Finance Indonesia Tbk PT		1,454,500		16,749
*	Davomas Abadi Tbk PT		11,631,700		0
*	Delta Dunia Makmur Tbk PT		36,763,800		331,540
	Dharma Satya Nusantara Tbk PT		2,071,600		45,429
*	Eagle High Plantations Tbk PT		77,612,600		414,378
	Elnusa Tbk PT		22,955,000		300,243
	Erajaya Swasembada Tbk PT		9,669,300		808,853
*	Gajah Tunggal Tbk PT		13,423,400		302,845
*	Garuda Indonesia Persero Tbk PT		28,893,349		363,694
*	Global Mediacom Tbk PT		55,317,600		768,949
*	Hanson International Tbk PT		483,480,300		1,625,144
	Harum Energy Tbk PT		4,533,800		381,527
	Hexindo Adiperkasa Tbk PT		508,500		88,596
	Impack Pratama Industri Tbk PT		169,800		12,432
	Indah Kiat Pulp & Paper Corp. Tbk PT		1,299,500		479,687
	Indika Energy Tbk PT		11,105,700		586,117
	Indo Tambangraya Megah Tbk PT		2,681,500		1,292,661
	Indomobil Sukses Internasional Tbk PT		1,226,600		35,965
	Indo-Rama Synthetics Tbk PT		130,400		18,299

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
INDONESIA — (Continued)
*	Indosat Tbk PT		7,020,700	$	1,010,030
	Industri dan Perdagangan Bintraco Dharma Tbk PT		31,675,700		113,770
	Industri Jamu Dan Farmasi Sido Muncul Tbk PT		20,698,900		1,754,376
*	Inovisi Infracom Tbk PT		1,806,467		0
*	Integra Indocabinet Tbk PT		2,097,900		39,787
*	Inti Agri Resources Tbk PT		92,782,800		311,875
*	Intikeramik Alamasri Industri Tbk PT		49,022,007		164,912
	Intiland Development Tbk PT		65,614,332		979,321
	Japfa Comfeed Indonesia Tbk PT		24,602,700		1,601,300
	Jaya Real Property Tbk PT		16,709,100		453,071
	Kapuas Prima Coal Tbk PT		46,408,100		451,464
*	Kawasan Industri Jababeka Tbk PT		140,447,557		1,235,010
	KMI Wire & Cable Tbk PT		12,340,200		329,972
*	Krakatau Steel Persero Tbk PT		32,845,502		378,675
*	Kresna Graha Investama Tbk PT		86,893,600		787,516
	Link Net Tbk PT		6,553,000		1,224,655
*	Lippo Cikarang Tbk PT		14,863,565		692,403
*	Lippo Karawaci Tbk PT		316,066,940		3,404,550
*	M Cash Integrasi PT		2,058,300		132,209
	Mahkota Group Tbk PT		374,000		17,193
	Malindo Feedmill Tbk PT		7,853,300		297,844
	Matahari Department Store Tbk PT		13,472,500		1,093,598
*	Medco Energi Internasional Tbk PT		43,423,733		1,307,658
	Media Nusantara Citra Tbk PT		31,671,300		1,931,449
	Metrodata Electronics Tbk PT		4,179,400		340,935
	Metropolitan Kentjana Tbk PT		7,900		11,684
*	Minna Padi Investama Sekuritas Tbk PT		143,400		482
	Mitra Adiperkasa Tbk PT		57,364,400		2,505,994
*	MNC Investama Tbk PT		193,556,400		649,344
*	MNC Land Tbk PT		27,183,300		208,951
*	MNC Sky Vision Tbk PT		1,494,300		115,503
*	Modernland Realty Tbk PT		67,967,900		358,433
*	Multipolar Tbk PT		10,970,500		36,699
*	NFC Indonesia Tbk PT		107,000		14,074
	Nippon Indosari Corpindo Tbk PT		17,475,789		1,413,356
	Pabrik Kertas Tjiwi Kimia Tbk PT		850,500		282,934
*	Pacific Strategic Financial Tbk PT		31,357,600		1,622,506
	Pan Brothers Tbk PT		28,795,000		279,921
*	Panin Financial Tbk PT		119,496,500		1,452,800
	Panin Sekuritas Tbk PT		30,500		1,463
*	Paninvest Tbk PT		9,475,200		469,487
*	Pelayaran Tamarin Samudra Tbk PT		49,419,300		598,015
	Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		23,931,500		1,132,629
*	Pool Advista Indonesia Tbk PT		10,473,500		35,190
	PP Persero Tbk PT		23,833,614		1,060,046
	PP Properti Tbk PT		76,211,400		255,543
	Puradelta Lestari Tbk PT		52,609,700		543,744
	Ramayana Lestari Sentosa Tbk PT		19,114,200		735,806
*	Resource Alam Indonesia Tbk PT		2,456,000		31,485
*	Rimo International Lestari Tbk PT		211,251,900		710,090
*	Salim Ivomas Pratama Tbk PT		28,073,500		400,721
	Samindo Resources Tbk PT		106,600		8,851
*	Sampoerna Agro Tbk PT		5,146,100		861,227
*	Sariguna Primatirta Tbk PT		4,236,700		125,719
	Sawit Sumbermas Sarana Tbk PT		24,047,800		1,445,490
*	Sekawan Intipratama Tbk PT		9,367,900		0
	Selamat Sempurna Tbk PT		17,246,100		1,436,310
	Semen Baturaja Persero Tbk PT		13,797,700		276,451
*	Sentul City Tbk PT		97,380,000		326,397

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
INDONESIA — (Continued)
*	Siloam International Hospitals Tbk PT		2,356,550	$	826,691
	Sinar Mas Agro Resources & Technology Tbk PT		1,037,460		204,007
*	Sitara Propertindo Tbk PT		38,971,700		518,749
	Sri Rejeki Isman Tbk PT		77,238,031		833,127
*	Sugih Energy Tbk PT		100,457,800		126,627
	Summarecon Agung Tbk PT		66,831,864		1,977,187
*	Surabaya Agung Industri Pulp & Kertas		64,500		0
	Surya Citra Media Tbk PT		18,646,700		1,085,159
*	Surya Esa Perkasa Tbk PT		31,166,000		312,006
	Surya Pertiwi Tbk PT		1,435,000		48,979
	Surya Semesta Internusa Tbk PT		29,960,300		611,343
*	Suryainti Permata Tbk PT		7,252,000		0
	Tempo Scan Pacific Tbk PT		1,861,700		153,766
*	Tiga Pilar Sejahtera Food Tbk		19,238,200		40,740
	Timah Tbk PT		21,612,014		671,210
	Tiphone Mobile Indonesia Tbk PT		15,126,100		122,446
	Total Bangun Persada Tbk PT		6,836,100		128,216
*	Totalindo Eka Persada Tbk PT		5,398,500		18,146
	Tower Bersama Infrastructure Tbk PT		10,188,600		805,959
*	Trada Alam Minera Tbk PT		180,020,800		605,112
	Trias Sentosa Tbk PT		33,232,900		823,442
*	Tridomain Performance Materials PT		673,500		4,278
*	Truba Alam Manuggal Engineering PT		21,316,500		0
	Tunas Baru Lampung Tbk PT		19,362,600		688,094
	Tunas Ridean Tbk PT		6,994,500		575,208
	Ultrajaya Milk Industry & Trading Co. Tbk PT		16,685,400		1,546,602
	Unggul Indah Cahaya Tbk PT		48,239		10,111
*	Visi Media Asia Tbk PT		53,913,700		181,234
	Waskita Beton Precast Tbk PT		71,152,300		700,461
	Waskita Karya Persero Tbk PT		26,416,700		1,067,511
	Wijaya Karya Bangunan Gedung Tbk PT		9,746,500		106,915
	Wijaya Karya Beton Tbk PT		26,187,300		413,533
	Wijaya Karya Persero Tbk PT		21,209,307		1,341,241

TOTAL INDONESIA					93,031,575

MALAYSIA — (2.6%)
#	Duopharma Biotech Bhd		1,031,756		373,590
#	7-Eleven Malaysia Holdings Bhd, Class B		2,931,785		912,268
#	Aeon Co. M Bhd		3,330,800		870,782
#	AEON Credit Service M Bhd		548,200		1,156,257
# *	AFFIN Bank Bhd		1,866,965		658,653
#	AirAsia Group Bhd		5,873,600		1,103,496
*	AirAsia X Bhd		15,768,500		398,312
	Ajinomoto Malaysia Bhd		73,700		243,600
	Alliance Bank Malaysia Bhd		4,354,800		1,967,939
	Allianz Malaysia Bhd		178,300		579,985
	Amway Malaysia Holdings Bhd		33,500		38,942
#	Ann Joo Resources Bhd		1,087,850		179,082
	APM Automotive Holdings Bhd		223,100		87,763
	Astro Malaysia Holdings Bhd		149,100		32,614
	ATA IMS Bhd		400,100		101,449
	Batu Kawan Bhd		5,600		16,639
# *	Berjaya Assets Bhd		3,706,600		241,366
*	Berjaya Corp. Bhd		21,498,927		971,507
	Berjaya Food Bhd		393,300		104,264
*	Berjaya Land Bhd		4,424,500		194,975
	Berjaya Sports Toto Bhd		4,154,367		2,233,359
# *	Bermaz Auto Bhd		4,134,800		1,302,542
	BIMB Holdings Bhd		330,508		242,816

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
MALAYSIA — (Continued)
	Bintulu Port Holdings Bhd		25,900	$	25,139
*	Borneo Oil Bhd		6,671,999		30,876
# *	Boustead Holdings Bhd		2,626,628		277,283
	Boustead Plantations Bhd		3,219,499		211,800
#	British American Tobacco Malaysia Bhd		375,300		1,098,775
*	Bumi Armada Bhd		16,250,700		622,084
	Bursa Malaysia Bhd		3,764,300		5,191,041
	CAB Cakaran Corp. Bhd		808,000		53,975
	Cahya Mata Sarawak Bhd		3,133,000		999,522
	Can-One Bhd		257,400		150,559
	Carlsberg Brewery Malaysia Bhd, Class B		752,900		4,804,872
*	Carotech Bhd		230,650		0
	CB Industrial Product Holding Bhd		1,430,040		268,961
	Chin Teck Plantations BHD		33,000		42,903
*	Coastal Contracts Bhd		709,566		109,539
	CSC Steel Holdings Bhd		353,800		63,158
	Cypark Resources Bhd		1,313,450		282,704
	D&O Green Technologies Bhd		3,750,100		626,107
	Dagang NeXchange Bhd		2,019,400		74,305
#	Datasonic Group Bhd		3,527,100		821,130
# *	Dayang Enterprise Holdings Bhd		1,552,175		451,341
	DRB-Hicom Bhd		3,816,000		1,243,231
	Dufu Technology Corp. Bhd		93,300		82,112
	Dutch Lady Milk Industries Bhd		109,300		1,218,707
	Eastern & Oriental Bhd		3,670,307		363,225
# *	Eco World Development Group Bhd		5,575,200		526,400
# *	Eco World International Bhd		872,100		81,351
#	Ekovest BHD		8,038,650		904,937
	Engtex Group Bhd		448,700		59,063
	Evergreen Fibreboard Bhd		573,750		20,599
	FAR East Holdings BHD		258,300		129,935
# *	FGV Holdings Bhd		8,229,800		1,614,759
	Formosa Prosonic Industries BHD		143,000		43,696
	Frontken Corp. Bhd		3,053,600		1,572,336
	Gabungan AQRS Bhd		1,790,810		361,109
	Gadang Holdings Bhd		2,350,400		220,076
#	Gas Malaysia Bhd		1,048,200		688,504
	George Kent Malaysia Bhd		1,252,300		197,888
	Globetronics Technology Bhd		2,957,172		1,335,449
	Glomac Bhd		2,247,570		158,758
*	Golden Plus Holding Bhd		216,000		0
#	Guan Chong Bhd		995,200		534,144
	GuocoLand Malaysia Bhd		1,560,100		213,228
	Hai-O Enterprise Bhd		1,144,120		455,003
	HAP Seng Consolidated Bhd		966,640		1,648,138
	Hap Seng Plantations Holdings Bhd		509,100		162,838
	Heineken Malaysia Bhd		539,800		2,994,726
# *	Hengyuan Refining Co. Bhd		668,600		482,342
	HeveaBoard Bhd		1,449,100		123,545
	Hiap Teck Venture Bhd		3,287,000		124,700
# *	Hibiscus Petroleum Bhd		5,289,200		599,140
	Hong Leong Industries Bhd		512,200		975,102
*	HSS Engineers Bhd		142,700		16,962
	Hup Seng Industries Bhd		1,442,533		321,193
	IGB Bhd		628,365		360,687
	IJM Plantations Bhd		772,600		245,315
#	Inari Amertron Bhd		6,001,645		1,965,225
	Inch Kenneth Kajang Rubber P.L.C.		528,400		62,589
	Insas Bhd		2,620,981		371,297

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
MALAYSIA — (Continued)
*	Iris Corp. Bhd		7,204,700	$	182,064
# *	Iskandar Waterfront City Bhd		2,943,700		341,382
# *	JAKS Resources Bhd		2,787,100		667,920
# *	Jaya Tiasa Holdings Bhd		1,923,727		213,263
	JHM Consolidation Bhd		1,456,900		318,650
	Johore Tin Bhd		232,200		75,502
	Keck Seng Malaysia Bhd		508,450		431,132
	Kelington Group Bhd		213,500		51,182
	Kenanga Investment Bank Bhd		790,460		83,278
	Kerjaya Prospek Group Bhd		1,982,680		480,116
	Kim Loong Resources Bhd		933,780		233,498
# *	KNM Group Bhd		11,457,580		357,791
	Kossan Rubber Industries		1,034,900		1,349,603
	KPJ Healthcare Bhd		13,248,500		2,748,740
*	Kretam Holdings Bhd		4,087,600		358,050
*	KSL Holdings Bhd		1,780,018		230,892
	Kumpulan Fima BHD		628,950		180,891
	Land & General Bhd		10,828,560		248,755
*	Landmarks Bhd		932,700		58,121
#	LBS Bina Group Bhd		4,783,980		398,253
	Lii Hen Industries Bhd		498,000		248,087
	Lingkaran Trans Kota Holdings Bhd		867,400		782,497
	Lotte Chemical Titan Holding Bhd		1,424,300		559,093
	LPI Capital Bhd		352,624		1,068,786
	Magni-Tech Industries Bhd		1,015,433		441,649
#	Magnum Bhd		4,235,200		2,161,343
#	Mah Sing Group Bhd		6,673,387		671,566
	Malakoff Corp. Bhd		6,212,100		1,250,821
#	Malayan Flour Mills Bhd		3,424,275		442,215
	Malaysia Building Society Bhd		8,145,383		1,198,205
*	Malaysia Marine and Heavy Engineering Holdings Bhd		818,100		90,138
*	Malaysian Bulk Carriers Bhd		1,377,100		112,979
	Malaysian Pacific Industries Bhd		613,613		1,548,170
#	Malaysian Resources Corp. Bhd		11,017,798		1,231,933
#	Matrix Concepts Holdings Bhd		2,807,558		1,094,074
	MBM Resources BHD		859,696		579,600
#	Media Chinese International, Ltd.		4,453,100		215,012
#	Mega First Corp. Bhd		1,261,300		1,457,786
#	MKH Bhd		2,254,134		531,980
#	MMC Corp. Bhd		2,237,400		357,142
#	MNRB Holdings Bhd		2,273,588		382,362
# *	MPHB Capital Bhd		1,429,100		236,316
	Muda Holdings Bhd		520,200		153,759
	Muhibbah Engineering M Bhd		1,971,250		471,365
*	Mulpha International Bhd		998,830		337,381
	My EG Services Bhd		1,494,400		438,806
#	NTPM Holdings Bhd		640,000		69,482
*	OCK Group Bhd		2,115,100		251,401
	Oriental Holdings BHD		679,900		793,354
#	OSK Holdings Bhd		7,456,255		1,349,237
	Padini Holdings Bhd		2,309,800		1,337,954
	Panasonic Manufacturing Malaysia Bhd		99,084		723,490
	Pantech Group Holdings Bhd		1,999,463		178,221
#	Paramount Corp. Bhd		1,237,355		206,278
*	Pentamaster Corp. Bhd		1,528,310		1,471,893
*	Perdana Petroleum Bhd		1,951,700		74,677
*	PESTECH International Bhd		190,000		41,311
#	Petron Malaysia Refining & Marketing Bhd		465,400		432,027
	PIE Industrial Bhd		778,200		228,053

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
MALAYSIA — (Continued)
#	Pos Malaysia Bhd		1,959,000	$	393,483
	Power Root Bhd		130,000		68,176
	QL Resources Bhd		484,259		915,616
#	Ranhill Holdings Bhd		1,783,460		417,360
	RCE Capital Bhd		48,600		18,254
	REDtone International Bhd		292,900		28,227
	RGB International Bhd		1,303,514		42,007
	Sam Engineering & Equipment M Bhd		172,600		233,338
	Sapura Energy Bhd		37,991,700		744,726
	Sarawak Oil Palms Bhd		992,004		553,807
#	Scientex Bhd		1,404,324		2,704,700
#	SEG International BHD		145,885		20,480
	Serba Dinamik Holdings Bhd		208,300		76,416
	Shangri-La Hotels Malaysia Bhd		422,000		445,242
#	Sime Darby Property Bhd		3,828,100		576,535
	SKP Resources Bhd		4,404,300		1,170,760
	SP Setia Bhd Group		1,573,000		294,832
*	Sumatec Resources Bhd		6,536,100		5,776
	Sunway Construction Group Bhd		2,380,636		1,030,498
#	Supermax Corp. Bhd		3,444,426		1,976,377
	Suria Capital Holdings Bhd		707,960		157,013
#	Syarikat Takaful Malaysia Keluarga Bhd		1,325,900		1,353,220
#	Ta Ann Holdings Bhd		1,556,889		806,331
#	TA Enterprise Bhd		7,729,900		894,871
	TA Global Bhd		6,756,640		376,425
	Taliworks Corp. Bhd		3,105,716		591,002
#	Tan Chong Motor Holdings Bhd		900,100		220,831
	Thong Guan Industries Bhd		232,600		180,707
	TIME dotCom Bhd		1,492,388		3,393,134
	TMC Life Sciences Bhd		1,213,500		148,601
# *	Tropicana Corp. Bhd		3,677,107		684,777
	TSH Resources Bhd		3,184,100		504,075
	Tune Protect Group Bhd		2,738,300		224,741
#	Uchi Technologies Bhd		1,676,200		932,602
#	UEM Edgenta Bhd		1,892,600		1,111,181
*	UEM Sunrise Bhd		8,599,800		850,020
	UMW Holdings Bhd		1,221,300		601,943
	Unisem M Bhd		97,800		44,990
#	United Malacca Bhd		466,350		476,656
	United Plantations Bhd		382,600		2,187,521
	UOA Development Bhd		4,643,100		1,799,425
*	Velesto Energy Bhd		14,366,808		484,475
	ViTrox Corp. Bhd		832,200		1,603,239
*	Vivocom International Holdings Bhd		5,070,832		23,585
*	Vizione Holdings Bhd		456,528		37,370
	VS Industry Bhd		7,533,337		1,607,583
	Wah Seong Corp. Bhd		1,295,677		186,288
*	WCT Holdings Bhd		4,748,054		552,956
#	Wellcall Holdings Bhd		2,582,000		478,074
	Widad Group Bhd		767,800		65,800
	WTK Holdings Bhd		423,900		32,817
	Yinson Holdings Bhd		896,500		1,078,097
# *	YNH Property Bhd		3,312,716		1,926,589
	YTL Corp. Bhd		103,610		18,354
	YTL Power International Bhd		509,000		80,662

TOTAL MALAYSIA					124,358,674

MEXICO — (2.3%)
#	ALEATICA S.A.B. de C.V.		228,600		177,513

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
MEXICO — (Continued)
	Alfa S.A.B. de C.V., Class A		600,560	$	245,945
#	Alpek S.A.B. de C.V.		2,549,103		1,205,750
# *	Alsea S.A.B. de C.V.		3,377,737		2,772,152
# *	Axtel S.A.B. de C.V.		7,920,649		910,344
#	Banco del Bajio SA		3,930,201		3,098,370
*	Bio Pappel S.A.B. de C.V.		182,134		105,724
	Bolsa Mexicana de Valores S.A.B. de C.V.		3,425,681		6,181,605
*	CMR S.A.B. de C.V.		1,323		154
	Consorcio ARA S.A.B. de C.V.		6,954,560		862,791
*	Controladora Vuela Cia de Aviacion S.A.B. de C.V., ADR		189,654		931,201
# *	Controladora Vuela Cia de Aviacion S.A.B. de C.V., Class A		2,046,089		1,001,778
*	Corp Interamericana de Entretenimiento S.A.B. de C.V., Class B		960,372		286,904
#	Corp. Actinver S.A.B. de C.V.		198,770		76,701
#	Corp. Inmobiliaria Vesta S.A.B. de C.V.		5,189,221		7,109,584
	Corp. Moctezuma S.A.B. de C.V.		875,200		1,944,970
	Corporativo Fragua S.A.B. de C.V.		3		28
*	Corporativo GBM S.A.B. de C.V.		22,477		8,137
	Corpovael S.A. de C.V.		73,341		13,663
	Credito Real S.A.B. de C.V. SOFOM ER		1,801,555		1,072,666
	Cydsa S.A.B. de C.V.		10,875		9,119
# *	Elementia S.A.B. de C.V.		642,287		163,363
# *	Empresas ICA S.A.B. de C.V.		3,768,186		9,421
*	Financiera Independencia S.A.B. de C.V. SOFOM ENR		3,187		1,078
*	Genomma Lab Internacional S.A.B. de C.V., Class B		6,134,759		4,887,240
	Gentera S.A.B. de C.V.		7,635,490		3,069,910
# *	Grupo Aeromexico S.A.B. de C.V.		2,224,646		863,053
	Grupo Aeroportuario del Centro Norte S.A.B. de C.V.		2,491,314		9,118,244
#	Grupo Cementos de Chihuahua S.A.B. de C.V.		1,211,687		3,511,736
#	Grupo Comercial Chedraui S.A. de C.V.		2,428,030		2,893,366
*	Grupo Famsa S.A.B. de C.V., Class A		1,030,571		100,487
# *	Grupo GICSA SAB de CV		2,528,781		321,068
#	Grupo Herdez S.A.B. de C.V.		1,789,835		2,227,175
*	Grupo Hotelero Santa Fe S.A.B. de C.V.		618,935		97,844
#	Grupo Industrial Saltillo S.A.B. de C.V.		1,098,605		786,541
#	Grupo KUO S.A.B. de C.V.		758,658		1,504,662
#	Grupo Lala S.A.B. de C.V.		1,554,776		732,198
*	Grupo Pochteca S.A.B. de C.V.		561,552		127,218
# *	Grupo Posadas S.A.B. de C.V.		198,900		197,241
*	Grupo Qumma S.A. de C.V.		105,334		0
#	Grupo Rotoplas S.A.B. de C.V.		918,682		518,786
	Grupo Sanborns S.A.B. de C.V.		905,924		864,539
#	Grupo Simec S.A.B. de C.V., Class B		1,076,612		2,254,091
*	Grupo Sports World S.A.B. de C.V.		583,706		371,764
# *	Grupo Traxion S.A.B. de C.V.		317,143		162,250
# *	Hoteles City Express S.A.B. de C.V.		2,398,482		716,529
	Industrias Bachoco S.A.B. de C.V., Sponsored ADR		18,919		659,895
	Industrias Bachoco S.A.B. de C.V., Class B		1,262,776		3,687,048
#	Industrias CH S.A.B. de C.V.		1,861,142		6,177,808
# *	La Comer S.A.B. de C.V.		4,236,191		4,425,845
#	Megacable Holdings S.A.B. de C.V.		2,955,539		7,357,883
*	Minera Frisco S.A.B. de C.V.		1,321,757		98,716
# *	Minera Frisco S.A.B. de C.V., Class A1		2,242,920		268,953
	Nemak S.A.B. de C.V.		4,127,188		762,043
	Organizacion Cultiba S.A.B. de C.V.		1,205,623		550,262
	Organizacion Soriana S.A.B. de C.V., Class B		348,965		258,890
	Promotora y Operadora de Infraestructura S.A.B. de C.V.		857,531		5,942,692
	Promotora y Operadora de Infraestructura S.A.B. de C.V., Class L		13,994		69,096
	Qualitas Controladora S.A.B. de C.V.		1,651,773		6,785,695
*	Regional S.A.B. de C.V.		1,473,731		3,621,804

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
MEXICO — (Continued)
*	Sanluis Corp. SA B		4,642	$	0
*	Sanluis Corp. SA C		4,642		0
*	SANLUIS RASSINI A		3,300		0
# *	Telesites S.A.B. de C.V.		9,746,588		6,332,997
#	TV Azteca S.A.B. de C.V.		5,995,593		106,722
	Unifin Financiera S.A.B. de C.V.		660,150		358,822
*	Vitro S.A.B. de C.V., Class A		934,615		870,591

TOTAL MEXICO					111,850,665

PHILIPPINES — (1.2%)
*	8990 Holdings, Inc.		3,671,200		794,123
	A Soriano Corp.		3,054,411		365,533
*	AC Energy Philippines, Inc.		9,512,000		428,137
	ACR Mining Corp.		48,205		3,209
*	AgriNurture, Inc.		1,523,300		253,651
*	Alliance Global Group, Inc.		9,526,900		1,212,195
	Alsons Consolidated Resources, Inc.		6,120,000		111,447
	Altus San Nicolas Corp.		292,536		11,275
*	Apex Mining Co., Inc.		8,191,000		153,274
*	Atlas Consolidated Mining & Development Corp.		3,549,000		133,101
*	AyalaLand Logistics Holdings Corp.		5,392,000		207,394
	Belle Corp.		22,978,400		624,221
	Bloomberry Resorts Corp.		17,519,000		1,937,859
	Cebu Air, Inc.		1,448,340		1,385,414
	Cebu Holdings, Inc.		3,294,900		384,232
*	CEMEX Holdings Philippines, Inc.		22,560,263		495,052
	Century Pacific Food, Inc.		5,358,500		1,513,428
	Century Properties Group, Inc.		19,261,151		138,329
	Chelsea Logistics and Infrastructure Holdings Corp.		364,500		23,981
	China Banking Corp.		7,437,028		2,894,930
	COL Financial Group, Inc.		92,200		28,290
	Cosco Capital, Inc.		14,935,800		1,466,295
	D&L Industries, Inc.		15,227,400		1,592,658
	DMCI Holdings, Inc.		9,182,800		746,647
*	DoubleDragon Properties Corp.		3,815,390		1,221,565
	Eagle Cement Corp.		574,500		92,885
*	East West Banking Corp.		3,917,300		608,346
	EEI Corp.		2,103,200		223,563
	Emperador, Inc.		6,523,200		1,022,187
*	Empire East Land Holdings, Inc.		9,125,000		56,064
	Filinvest Development Corp.		3,592,622		608,436
	Filinvest Land, Inc.		79,324,577		1,484,070
	First Gen Corp.		7,848,900		2,940,047
	First Philippine Holdings Corp.		1,993,430		2,265,459
*	Global Ferronickel Holdings, Inc.		11,505,911		202,710
*	Global-Estate Resorts, Inc.		2,410,000		38,775
*	Holcim Philippines, Inc.		2,082,100		471,430
	Integrated Micro-Electronics, Inc.		3,675,014		427,254
*	Leisure & Resorts World Corp.		2,134,640		64,969
*	Lepanto Consolidated Mining Co.		20,355,454		33,130
	Lopez Holdings Corp.		8,974,000		464,104
	LT Group, Inc.		531,300		81,198
	MacroAsia Corp.		2,360,860		234,887
	Manila Water Co., Inc.		7,255,700		1,521,654
	Max’s Group, Inc.		2,132,600		280,164
	Megawide Construction Corp.		4,868,908		631,590
*	METRO PACIFIC Corp. COM		1,827,193		0
	Metro Pacific Investments Corp.		13,911,000		701,350
	Metro Retail Stores Group, Inc.		3,666,900		137,881

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
PHILIPPINES — (Continued)
	Nickel Asia Corp.		16,192,600	$	539,462
	Pepsi-Cola Products Philippines, Inc.		7,759,900		294,388
	Petron Corp.		15,053,800		949,801
	Philex Mining Corp.		5,473,700		248,740
*	Philippine National Bank		2,655,526		1,255,461
*	Philippine National Construction Corp.		173,000		3,154
	Philippine Savings Bank		494,377		426,564
	Philippine Stock Exchange, Inc. (The)		120,992		404,939
*	Philippine Townships, Inc.		318,732		0
*	Philtown Properties, Inc.		111,562		0
	Phoenix Petroleum Philippines, Inc.		2,159,280		498,633
	Pilipinas Shell Petroleum Corp.		1,463,690		535,672
	Premium Leisure Corp.		36,657,000		230,276
	Puregold Price Club, Inc.		3,604,700		3,280,854
*	PXP Energy Corp.		4,387,000		374,777
	RFM Corp.		8,818,068		786,640
	Rizal Commercial Banking Corp.		3,489,152		1,141,396
	Robinsons Land Corp.		13,784,051		4,072,674
	Robinsons Retail Holdings, Inc.		2,050,290		2,707,706
	San Miguel Food and Beverage, Inc.		445,450		523,255
	Security Bank Corp.		72,640		146,942
	Semirara Mining & Power Corp.		3,969,800		942,244
	Shakey’s Pizza Asia Ventures, Inc.		274,900		36,661
	SSI Group, Inc.		6,507,000		172,959
	STI Education Systems Holdings, Inc.		14,039,000		95,597
*	Top Frontier Investment Holdings, Inc.		2,580		7,225
	Union Bank Of Philippines		1,467,341		1,570,569
	Vista Land & Lifescapes, Inc.		36,899,600		3,144,928
	Vistamalls, Inc.		589,600		47,414
	Wilcon Depot, Inc.		5,960,000		1,725,612

TOTAL PHILIPPINES					58,882,936

POLAND — (1.0%)
*	AB SA		2,202		11,612
	Agora SA		190,598		353,732
# *	Alior Bank SA		278,775		1,022,912
	Alumetal SA		7,000		65,898
	Amica SA		22,493		531,617
	Apator SA		69,009		316,970
	Asseco Poland SA		26,951		435,524
	Bank Handlowy w Warszawie SA		8,840		78,568
*	Bank Ochrony Srodowiska SA		39,255		45,581
# *	Bioton SA		213,670		196,207
*	Boryszew SA		409,073		358,336
	Budimex SA		84,393		4,131,456
#	CCC SA		56,300		711,199
# *	Ciech SA		170,815		1,644,028
	ComArch SA		12,389		617,621
# *	Develia SA		1,554,787		744,804
	Dom Development SA		9,734		184,173
	Echo Investment SA		22,550		24,379
*	Enea SA		1,317,660		1,779,807
	Eurocash SA		414,500		2,150,770
# *	Fabryki Mebli Forte SA		96,620		449,470
#	Famur SA		1,159,376		580,466
	Firma Oponiarska Debica SA		18,284		323,548
# *	Getin Noble Bank SA		2,585,838		142,966
#	Globe Trade Centre SA		516,381		964,018
# *	Grupa Azoty SA		93,509		599,878

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
POLAND — (Continued)
*	Grupa Azoty Zaklady Chemiczne Police SA		186,915	$	474,363
	Grupa Kety SA		73,962		6,489,632
	Inter Cars SA		41,146		1,909,960
#	Jastrzebska Spolka Weglowa SA		177,684		589,911
	Kernel Holding SA		364,890		3,533,860
	KRUK SA		87,962		1,672,147
*	Lentex SA		107,400		213,558
#	Lubelski Wegiel Bogdanka SA		75,558		385,734
*	Netia SA		760,400		726,675
	Neuca SA		7,708		930,160
	NEWAG SA		522		2,928
*	Orange Polska SA		3,601,453		6,115,803
#	PKP Cargo SA		154,922		448,264
	Stalexport Autostrady SA		621,052		433,739
	Stalprodukt SA		6,098		205,435
# *	Tauron Polska Energia SA		5,651,822		1,551,755
*	VRG SA		1,301,215		871,038
	Warsaw Stock Exchange		105,288		1,031,276
	Wawel SA		2,140		292,237
*	Zespol Elektrocieplowni Wroclawskich Kogeneracja SA		672		5,389
*	Zespol Elektrowni Patnow Adamow Konin SA		91,906		165,366

TOTAL POLAND					46,514,770

QATAR — (0.0%)
	Commercial Bank PSQC (The)		173,714		191,270
	Al Khaleej Takaful Group QSC		43,350		21,746
	Al Meera Consumer Goods Co. QSC		36,169		173,536
	Barwa Real Estate Co.		290,647		228,286
*	Gulf International Services QSC		268,412		94,596
*	Mazaya Qatar Real Estate Development QSC		221,129		40,012
	Qatar Gas Transport Co., Ltd.		332,381		227,658
	Qatar National Cement Co. QSC		27,716		26,352
*	Widam Food Co.		40,079		65,799

TOTAL QATAR					1,069,255

RUSSIA — (0.3%)
	Etalon Group P.L.C., GDR		431,940		492,412
	Globaltrans Investment P.L.C., GDR		297,393		1,683,244
	LSR Group PJSC, GDR		10,711		17,694
	Magnitogorsk Iron & Steel Works PJSC, GDR		54,331		383,033
*	Mail.Ru Group, Ltd., GDR		224,382		4,038,876
*	Mechel PJSC, Sponsored ADR		94,871		150,845
	PhosAgro PJSC, GDR		251,608		3,039,425
	QIWI P.L.C., Sponsored ADR		12,140		148,351
	Ros Agro P.L.C., GDR		36,045		304,941
	Rostelecom PJSC, Sponsored ADR		131,878		857,207
	RusHydro PJSC, ADR		686,831		580,372
	TMK PJSC, GDR		205,151		619,556
	VEON, Ltd., ADR		1,747,866		2,988,851

TOTAL RUSSIA					15,304,807

SAUDI ARABIA — (0.1%)
*	Abdul Mohsen Al-Hokair Tourism and Development Co.		15,360		48,906
	Al Babtain Power & Telecommunication Co.		6,377		38,626
*	Al Hassan Ghazi Ibrahim Shaker Co.		8,739		20,911
	Al Jouf Agricultural Development Co.		3,520		21,831
*	Al Jouf Cement Co.		53,668		120,731
*	Al Khaleej Training and Education Co.		9,376		36,189

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SAUDI ARABIA — (Continued)
*	Al Yamamah Steel Industries Co.		9,545	$	38,049
	Alandalus Property Co.		4,741		20,204
	Arabian Cement Co.		17,000		121,212
	Arriyadh Development Co.		9,400		34,678
*	Aseer Trading Tourism & Manufacturing Co.		10,387		25,344
*	Astra Industrial Group		5,425		23,341
*	AXA Cooperative Insurance Co.		4,413		34,122
*	Bawan Co.		10,789		35,553
	City Cement Co.		68,000		250,180
	Dur Hospitality Co.		4,687		27,793
	Eastern Province Cement Co.		16,898		127,969
*	Emaar Economic City		31,000		60,259
	Fitaihi Holding Group		4,233		11,347
*	Hail Cement Co.		56,135		175,039
	Herfy Food Services Co.		2,821		33,657
	Leejam Sports Co. JSC		10,645		175,430
*	Methanol Chemicals Co.		17,000		30,309
*	Middle East Paper Co.		8,314		28,569
*	National Agriculture Development Co. (The)		10,330		80,926
	National Gas & Industrialization Co.		4,747		36,330
*	National Industrialization Co.		45,136		121,665
	National Medical Care Co.		20,096		198,982
*	Northern Region Cement Co.		51,927		138,770
	Saudi Airlines Catering Co.		4,505		95,516
	Saudi Automotive Services Co.		9,200		63,389
	Saudi Cement Co.		8,995		125,656
*	Saudi Ceramic Co.		26,148		202,972
*	Saudi Chemical Co.		8,971		50,922
	Saudi Co. For Hardware CJSC		7,539		87,500
	Saudi Ground Services Co.		7,000		48,678
	Saudi Industrial Services Co.		9,383		46,238
	Saudi Pharmaceutical Industries & Medical Appliances Corp.		5,413		38,786
*	Saudi Re for Cooperative Reinsurance Co.		21,185		46,096
*	Saudi Real Estate Co.		6,685		21,620
*	Saudi Research & Marketing Group		3,120		50,894
	Seera Group Holding		163,185		672,911
	Southern Province Cement Co.		4,500		63,670
*	Tabuk Cement Co.		41,490		129,160
	United Electronics Co.		6,175		111,648
	Yanbu Cement Co.		18,485		146,377
*	Zamil Industrial Investment Co.		7,614		30,232

TOTAL SAUDI ARABIA					4,149,187

SOUTH AFRICA — (5.4%)
	Adcock Ingram Holdings, Ltd.		194,496		467,249
	Adcorp Holdings, Ltd.		887,801		199,672
	Advtech, Ltd.		3,671,331		1,724,071
	AECI, Ltd.		980,922		3,932,203
	African Oxygen, Ltd.		874,891		778,830
	African Phoenix Investments, Ltd.		4,226,549		82,016
	African Rainbow Minerals, Ltd.		800,753		5,860,905
	Afrimat, Ltd.		298,370		416,699
	Alexander Forbes Group Holdings, Ltd.		5,406,973		1,173,648
	Allied Electronics Corp., Ltd., Class A		948,720		1,050,912
	Alviva Holdings, Ltd.		1,018,409		273,968
*	ArcelorMittal South Africa, Ltd.		1,597,149		55,861
	Assore, Ltd.		116,208		1,973,995
	Astral Foods, Ltd.		308,334		3,209,882
	AVI, Ltd.		1,668,701		7,064,120

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH AFRICA — (Continued)
	Barloworld, Ltd.		1,667,308	$	6,117,030
# *	Blue Label Telecoms, Ltd.		2,564,938		295,068
# *	Brait SE		5,050,873		1,075,031
	Cashbuild, Ltd.		149,570		1,215,142
	Caxton and CTP Publishers and Printers, Ltd.		323,754		86,193
	City Lodge Hotels, Ltd.		156,962		232,962
	Clicks Group, Ltd.		1,489,117		18,548,849
	Coronation Fund Managers, Ltd.		1,137,742		2,216,295
	Curro Holdings, Ltd.		846,080		443,587
	DataTec, Ltd.		2,372,237		3,122,509
#	Dis-Chem Pharmacies, Ltd.		1,610,935		1,912,167
	Distell Group Holdings, Ltd.		312,399		1,332,164
#	DRDGOLD, Ltd.		1,451,771		1,335,867
*	enX Group, Ltd.		408,074		128,431
# *	EOH Holdings, Ltd.		689,263		141,626
*	Evraz Highveld Steel And Vanad		63,001		0
	Famous Brands, Ltd.		575,349		1,273,059
	Foschini Group, Ltd. (The)		736,686		2,890,400
	Gold Fields, Ltd.		1,398,586		10,410,527
	Gold Fields, Ltd., Sponsored ADR		2,024,601		14,860,571
*	Grand Parade Investments, Ltd.		2,467,937		293,428
*	Grindrod Shipping Holdings, Ltd.		101,588		242,806
	Grindrod, Ltd.		4,204,087		789,517
# *	Harmony Gold Mining Co., Ltd.		1,749,508		6,438,640
# *	Harmony Gold Mining Co., Ltd., Sponsored ADR		2,323,915		8,412,572
	Hudaco Industries, Ltd.		209,829		760,838
	Impala Platinum Holdings, Ltd.		5,393,781		32,169,881
	Imperial Logistics, Ltd.		754,305		1,326,509
# *	Invicta Holdings, Ltd.		227,859		62,886
	Italtile, Ltd.		764,766		411,038
*	JCI, Ltd.		3,131,151		0
	JSE, Ltd.		720,306		4,020,092
	KAP Industrial Holdings, Ltd.		12,237,330		1,326,998
	Lewis Group, Ltd.		764,251		650,919
#	Liberty Holdings, Ltd.		1,048,521		3,976,150
	Life Healthcare Group Holdings, Ltd.		6,869,877		6,605,044
*	Long4Life, Ltd.		3,066,286		456,782
# *	Massmart Holdings, Ltd.		587,249		783,278
	Merafe Resources, Ltd.		5,585,208		110,707
	Metair Investments, Ltd.		1,249,483		1,000,356
	MiX Telematics, Ltd.		37,895		13,742
	MiX Telematics, Ltd., Sponsored ADR		27,358		253,335
	Momentum Metropolitan Holdings		7,582,474		7,094,844
# *	Motus Holdings Ltd.		498,857		812,540
	Mpact, Ltd.		1,509,019		624,182
	Murray & Roberts Holdings, Ltd.		3,959,853		1,171,483
*	Nampak, Ltd.		4,157,315		373,578
*	Net 1 UEPS Technologies, Inc.		776		2,715
	Netcare, Ltd.		3,769,379		3,161,293
*	Northam Platinum, Ltd.		2,500,595		12,394,032
	Oceana Group, Ltd.		316,395		1,045,158
# *	Omnia Holdings, Ltd.		1,590,482		2,017,354
	Peregrine Holdings, Ltd.		1,739,054		1,766,833
	Pick n Pay Stores, Ltd.		1,928,441		6,041,368
*	PPC, Ltd.		11,721,105		783,353
#	PSG Konsult, Ltd.		688,328		284,245
	Raubex Group, Ltd.		1,430,146		1,323,245
	RCL Foods, Ltd.		716,485		370,211
	Reunert, Ltd.		1,130,477		2,440,676

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH AFRICA — (Continued)
#	RFG Holdings, Ltd.		658,669	$	518,391
# *	Royal Bafokeng Platinum, Ltd.		792,214		1,406,127
	Santam, Ltd.		273,663		4,056,211
*	Sappi, Ltd.		1,156,215		1,405,267
*	Sibanye Stillwater, Ltd.		9,471,405		19,294,880
#	SPAR Group, Ltd. (The)		1,170,218		11,154,278
	Spur Corp., Ltd.		330,941		303,172
*	Stadio Holdings, Ltd.		754,869		44,095
*	Sun International, Ltd.		953,013		849,521
*	Super Group, Ltd.		2,695,045		2,028,992
	Telkom SA SOC, Ltd.		1,403,910		1,556,568
	Tiger Brands, Ltd.		25,160		244,997
# *	Tongaat Hulett, Ltd.		669,167		236,207
	Transaction Capital, Ltd.		1,817,364		1,486,519
#	Trencor, Ltd.		1,151,052		463,162
	Truworths International, Ltd.		2,059,841		3,251,575
	Tsogo Sun Gaming, Ltd.		3,434,662		485,649
*	Tsogo Sun Hotels, Ltd.		92,144		9,275
	Wilson Bayly Holmes-Ovcon, Ltd.		483,768		2,482,326

TOTAL SOUTH AFRICA					258,991,349

SOUTH KOREA — (14.7%)
*	3S Korea Co., Ltd.		280,233		542,301
*	AbClon, Inc.		6,011		213,377
#	ABco Electronics Co., Ltd.		62,244		223,579
*	Able C&C Co., Ltd.		43,948		366,463
#	ABOV Semiconductor Co., Ltd.		87,101		594,073
# *	Abpro Bio Co., Ltd.		630,240		321,675
*	Ace Technologies Corp.		190,914		1,325,969
*	Actoz Soft Co., Ltd.		35,278		239,783
# *	ADTechnology Co., Ltd.		44,058		898,665
# *	Advanced Cosmeceutical Technology Co., Ltd.		97,584		67,274
# *	Advanced Digital Chips, Inc.		276,221		194,317
	Advanced Nano Products Co., Ltd.		49,706		511,825
#	Advanced Process Systems Corp.		66,690		1,417,731
#	Aekyung Petrochemical Co., Ltd.		79,706		466,303
*	AeroSpace Technology of Korea, Inc.		10,824		40,083
	AfreecaTV Co., Ltd.		47,239		2,343,492
# *	Agabang&Company		197,913		546,640
	Ahn-Gook Pharmaceutical Co., Ltd.		45,754		365,070
	Ahnlab, Inc.		36,245		1,732,867
	AJ Networks Co., Ltd.		85,907		263,988
# *	Ajin Industrial Co., Ltd.		102,112		182,775
	AK Holdings, Inc.		38,390		795,501
*	Alpha Holdings, Inc.		4,608		20,687
# *	ALUKO Co., Ltd.		276,915		432,161
*	Amicogen, Inc.		15,023		345,668
*	Aminologics Co., Ltd.		420,837		612,797
# *	Amotech Co., Ltd.		45,947		792,923
*	Anam Electronics Co., Ltd.		228,729		317,906
*	Ananti, Inc.		270,016		2,225,032
#	Anapass, Inc.		51,659		703,493
*	Anterogen Co., Ltd.		3,828		109,949
*	Apact Co., Ltd.		71,606		363,993
*	Aprogen Healthcare & Games, Inc.		348,018		335,712
# *	Aprogen KIC, Inc.		115,172		335,727
# *	Aprogen pharmaceuticals, Inc.		901,560		1,552,778
# *	APS Holdings Corp.		100,697		641,296
*	Arion Technology, Inc.		51,658		11,659

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
#	Asia Cement Co., Ltd.		12,870	$	720,019
	ASIA Holdings Co., Ltd.		8,246		567,076
	Asia Paper Manufacturing Co., Ltd.		29,764		794,160
*	Asiana Airlines, Inc.		738,842		2,548,544
#	Atec Co., Ltd.		15,058		146,675
*	A-Tech Solution Co., Ltd.		10,226		51,412
#	Atinum Investment Co., Ltd.		223,310		308,256
	AUK Corp.		179,894		271,742
#	Aurora World Corp.		45,949		410,100
	Austem Co., Ltd.		101,479		147,453
#	Autech Corp.		107,090		831,127
#	Avaco Co., Ltd.		70,386		368,495
	Avatec Co., Ltd.		5,446		31,269
#	Baiksan Co., Ltd.		57,960		267,731
# *	Barun Electronics Co., Ltd.		10,909		35,085
# *	Barunson Entertainment & Arts Corp.		180,998		341,196
#	Bcworld Pharm Co., Ltd.		44,638		748,986
	BGF Co., Ltd.		200,549		794,697
# *	BH Co., Ltd.		135,604		1,877,986
*	Binex Co., Ltd.		173,116		1,645,779
	Binggrae Co., Ltd.		36,644		1,930,751
*	Biolog Device Co., Ltd.		126,061		155,605
	BioSmart Co., Ltd.		121,042		443,728
# *	Biotoxtech Co., Ltd.		61,107		409,147
# *	Biovill Co., Ltd.		187,949		47,288
#	BIT Computer Co., Ltd.		107,104		894,449
	Bixolon Co., Ltd.		71,114		288,070
*	Bluecom Co., Ltd.		53,146		176,766
#	Boditech Med, Inc.		116,473		2,188,235
# *	Bohae Brewery Co., Ltd.		576,129		418,287
#	BoKwang Industry Co., Ltd.		92,462		366,860
#	Bolak Co., Ltd.		325,449		485,501
	Bookook Securities Co., Ltd.		14,493		219,500
# *	Boryung Medience Co., Ltd.		53,361		183,717
	Boryung Pharmaceutical Co., Ltd.		124,100		1,327,528
# *	Bosung Power Technology Co., Ltd.		271,436		384,691
# *	Brain Contents Co., Ltd.		661,284		371,474
	Bubang Co., Ltd.		189,863		335,322
#	Bukwang Pharmaceutical Co., Ltd.		187,208		3,991,183
	Busan City Gas Co., Ltd.		8,955		265,308
	BYC Co., Ltd.		1,007		159,874
# *	BYON Co., Ltd.		370,426		335,069
*	Byucksan Corp.		283,448		368,243
*	Cafe24 Corp.		5,709		207,477
# *	CammSys Corp.		340,736		753,003
*	Capro Corp.		255,158		675,385
#	Caregen Co., Ltd.		27,611		1,314,324
	Cell Biotech Co., Ltd.		36,002		425,578
*	Celltrion Pharm, Inc.		6,235		362,749
#	Changhae Ethanol Co., Ltd.		27,873		344,512
# *	Charm Engineering Co., Ltd.		278,128		298,629
# *	Cheil Bio Co., Ltd.		11,457		73,544
#	Chemtronics Co., Ltd.		71,610		692,909
#	Cheryong Electric Co., Ltd.		71,961		328,899
	Cheryong Industrial Co. Ltd/new		2,393		9,651
# *	ChinHung International, Inc.		216,194		388,975
	Chinyang Holdings Corp.		158,581		300,828
# *	Choa Pharmaceutical Co.		177,734		553,108
*	Chokwang Leather Co., Ltd.		607		19,892

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
	Chokwang Paint, Ltd.		20,012	$	96,496
	Chong Kun Dang Pharmaceutical Corp.		62,723		4,993,857
	Chongkundang Holdings Corp.		16,803		1,575,250
#	Choong Ang Vaccine Laboratory		41,559		543,735
# *	Chorokbaem Media Co., Ltd.		344,008		490,263
	Chosun Refractories Co., Ltd.		7,263		449,189
#	Chungdahm Learning, Inc.		30,605		443,918
# *	CJ CGV Co., Ltd.		87,100		1,915,489
#	CJ Freshway Corp.		35,509		611,220
# *	CJ Seafood Corp.		108,137		361,406
	CKD Bio Corp.		30,322		754,872
	Classys, Inc.		3,356		30,856
#	Clean & Science Co., Ltd.		33,856		622,013
	CLIO Cosmetics Co., Ltd.		33,489		615,992
*	CMG Pharmaceutical Co., Ltd.		615,708		1,925,858
# *	CODI-M Co., Ltd.		994,945		273,728
	Com2uSCorp		31,919		2,810,793
#	Commax Co., Ltd.		73,089		209,380
# *	Coreana Cosmetics Co., Ltd.		193,167		822,267
*	CORESTEM, Inc.		19,465		206,692
	Cosmax BTI, Inc.		19,345		249,039
# *	COSMAX NBT Inc.		81,393		318,486
	Cosmax, Inc.		48,207		3,520,675
# *	Cosmecca Korea Co., Ltd.		23,478		216,866
*	CosmoAM&T Co., Ltd.		144,196		1,044,228
# *	Cosmochemical Co., Ltd.		131,217		827,904
*	COSON Co., Ltd.		115,606		545,259
	COWELL FASHION Co., Ltd.		180,916		814,969
# *	Creative & Innovative System		281,148		906,843
	Crown Confectionery Co., Ltd.		35,419		232,600
	CROWNHAITAI Holdings Co., Ltd.		40,659		291,715
*	CrucialTec Co., Ltd.		97,442		30,118
	CS Wind Corp.		38,838		1,025,526
# *	CTC BIO, Inc.		153,373		927,696
# *	CTGen Co., Ltd.		190,033		239,938
#	Cuckoo Holdings Co., Ltd.		9,238		688,160
	Cuckoo Homesys Co., Ltd.		38,570		1,106,565
*	Curexo, Inc.		4,005		14,393
# *	Curo Co., Ltd.		633,743		447,662
	Cymechs, Inc.		44,360		345,181
	D.I Corp.		163,379		436,680
# *	DA Technology Co., Ltd.		303,365		242,337
	Dae Dong Industrial Co., Ltd.		101,611		378,216
	Dae Han Flour Mills Co., Ltd.		7,550		807,894
	Dae Hwa Pharmaceutical Co., Ltd.		89,117		772,669
	Dae Hyun Co., Ltd.		162,013		245,379
	Dae Won Chemical Co., Ltd.		182,929		185,580
	Dae Won Kang Up Co., Ltd.		165,207		392,576
# *	Dae Young Packaging Co., Ltd.		453,168		433,510
#	Daea TI Co., Ltd.		421,192		2,207,041
#	Daebongls Co., Ltd.		45,311		244,612
	Daechang Co., Ltd.		314,932		291,656
	Daechang Forging Co., Ltd.		12,874		232,467
	Daeduck Electronics Co.		156,797		1,056,511
# *	Daehan New Pharm Co., Ltd.		64,878		521,973
	Daehan Steel Co., Ltd.		74,285		384,492
*	Dae-Il Corp.		83,687		94,447
# *	Daejoo Electronic Materials Co., Ltd.		77,274		1,190,804
	Daekyo Co., Ltd.		150,694		589,525

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
	Daelim B&Co Co., Ltd.		61,202	$	175,819
*	Daemyung Sonoseason Co., Ltd.		432,155		459,634
	Daeryuk Can Co., Ltd.		12,389		39,558
	Daesang Corp.		148,012		2,672,501
#	Daesang Holdings Co., Ltd.		85,245		447,234
	Daesung Energy Co., Ltd.		37,543		144,660
	Daesung Holdings Co., Ltd.		26,734		211,834
# *	Daesung Industrial Co., Ltd.		83,195		212,854
# *	Daewon Cable Co., Ltd.		340,032		281,300
# *	Daewon Media Co., Ltd.		59,878		344,943
#	Daewon Pharmaceutical Co., Ltd.		114,307		1,387,035
#	Daewon San Up Co., Ltd.		94,000		349,793
# *	Daewoo Electronic Components Co., Ltd.		270,532		529,420
	Daewoong Co., Ltd.		161,102		2,297,179
	Daewoong Pharmaceutical Co., Ltd.		3,001		263,109
*	Dahaam E-Tec Co., Ltd.		2,100		36,452
	Daihan Pharmaceutical Co., Ltd.		30,671		748,860
	Daishin Securities Co., Ltd.		255,198		2,087,512
# *	Daiyang Metal Co., Ltd.		2,014		3,942
# *	Danal Co., Ltd.		296,514		1,020,668
	Danawa Co., Ltd.		41,387		914,916
	Daou Data Corp.		106,809		718,472
	Daou Technology, Inc.		183,734		2,477,141
*	Dasan Networks, Inc.		162,841		924,165
#	Dawonsys Co., Ltd.		126,153		1,708,984
*	Dayou Automotive Seat Technology Co., Ltd.		396,631		233,919
*	Dayou Plus Co., Ltd.		417,611		222,770
	DB Financial Investment Co., Ltd.		230,481		668,995
#	DB HiTek Co., Ltd.		211,803		4,656,617
*	DB, Inc.		803,625		492,735
	DCM Corp.		34,313		297,079
*	Dentium Co., Ltd.		41,507		1,281,772
*	Deutsch Motors, Inc.		121,159		666,936
# *	Development Advance Solution Co., Ltd.		62,260		284,016
	DGB Financial Group, Inc.		590,413		2,562,986
	DHP Korea Co., Ltd.		62,988		370,784
	DI Dong Il Corp.		7,397		372,069
	Digital Chosun Co., Ltd.		183,547		277,592
#	Digital Daesung Co., Ltd.		65,314		413,086
	Digital Power Communications Co., Ltd.		178,171		1,505,625
*	DIO Corp.		59,048		1,398,342
	Display Tech Co., Ltd.		52,616		129,961
	DMS Co., Ltd.		134,519		450,135
# *	DNF Co., Ltd.		55,512		483,100
#	Dohwa Engineering Co., Ltd.		60,443		448,054
#	Dong A Eltek Co., Ltd.		52,346		295,223
	Dong Ah Tire & Rubber Co., Ltd.		43,421		396,003
	Dong-A Socio Holdings Co., Ltd.		20,129		1,449,939
	Dong-A ST Co., Ltd.		36,643		2,750,174
#	Dong-Ah Geological Engineering Co., Ltd.		64,952		929,151
# *	Dongbang Transport Logistics Co., Ltd.		25,627		45,712
	Dongbu Corp.		57,404		397,956
	Dongil Industries Co., Ltd.		9,455		392,791
#	Dongjin Semichem Co., Ltd.		204,486		2,649,769
	DongKook Pharmaceutical Co., Ltd.		33,648		2,614,800
	Dongkuk Industries Co., Ltd.		252,797		434,974
*	Dongkuk Steel Mill Co., Ltd.		426,240		1,489,556
	Dongkuk Structures & Construction Co., Ltd.		196,859		351,388
	Dongsung Chemical Co., Ltd.		14,408		184,683

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
	DONGSUNG Corp.		201,471	$	681,513
	Dongsung Finetec Co., Ltd.		100,223		655,317
#	Dongwha Enterprise Co., Ltd.		29,907		372,609
	Dongwha Pharm Co., Ltd.		132,533		1,223,510
	Dongwon Development Co., Ltd.		382,423		1,119,453
#	Dongwon F&B Co., Ltd.		8,063		1,310,471
	Dongwon Industries Co., Ltd.		11,265		2,105,438
	Dongwon Systems Corp.		31,409		567,539
*	Dongwoo Farm To Table Co., Ltd.		75,970		201,283
	Dongyang E&P, Inc.		38,477		336,071
# *	Dongyang Steel Pipe Co., Ltd.		759,441		645,712
	Doosan Co., Ltd.		21,268		708,430
*	Doosan Heavy Industries & Construction Co., Ltd.		755,146		2,453,078
*	Doosan Infracore Co., Ltd.		489,348		1,721,672
	DoubleUGames Co., Ltd.		53,955		2,568,077
	DRB Holding Co., Ltd.		20,458		97,917
# *	Dream Security Co., Ltd.		194,824		394,473
# *	Dreamus Co.		106,691		441,318
# *	DRTECH Corp.		175,505		274,269
*	DSK Co., Ltd.		2,560		15,589
	DSR Wire Corp.		23,805		70,753
	DTR Automotive Corp.		30,702		636,941
*	Duk San Neolux Co., Ltd.		63,470		1,634,648
	DY Corp.		98,206		317,003
	DY POWER Corp.		48,841		315,351
*	E Investment&Development Co., Ltd.		778,047		137,602
	e Tec E&C, Ltd.		9,190		620,049
	E1 Corp.		28,626		809,973
	Eagon Holdings Co., Ltd.		7,939		13,085
	Eagon Industrial, Ltd.		17,740		85,494
	Easy Bio, Inc.		305,133		1,066,820
	EBEST Investment & Securities Co., Ltd.		14,685		58,041
	Echo Marketing, Inc.		5,656		152,426
*	EcoBio Holdings Co., Ltd.		55,632		227,704
#	Ecopro Co., Ltd.		123,404		2,057,849
	e-Credible Co., Ltd.		26,371		405,291
#	Eehwa Construction Co., Ltd.		87,246		396,188
# *	EG Corp.		38,302		228,809
# *	Ehwa Technologies Information Co., Ltd.		3,915,868		559,675
#	Elcomtec Co., Ltd.		261,529		434,647
#	Elentec Co., Ltd.		76,987		252,122
	e-LITECOM Co., Ltd.		11,839		36,522
# *	ELK Corp.		192,381		23,299
*	EMKOREA Co., Ltd.		181,296		509,563
# *	EM-Tech Co., Ltd.		82,074		552,247
# *	EMW Co., Ltd.		204,411		87,447
*	Enex Co., Ltd.		124,656		98,879
#	ENF Technology Co., Ltd.		68,260		1,489,461
	Eo Technics Co., Ltd.		53,117		3,170,511
# *	Esmo Corp.		444,729		165,884
	Estechpharma Co., Ltd.		66,182		525,280
*	ESTsoft Corp.		31,344		183,662
# *	E-TRON Co., Ltd.		1,491,477		206,207
*	Eubiologics Co., Ltd.		16,504		87,640
	Eugene Corp.		324,231		1,106,834
	Eugene Investment & Securities Co., Ltd.		537,742		1,251,817
#	Eugene Technology Co., Ltd.		85,332		1,233,158
*	Eusu Holdings Co., Ltd.		102,796		502,123
	EVERDIGM Corp.		45,722		137,803

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
# *	Exem Co., Ltd.		152,435	$	436,772
#	Ezwel Co., Ltd.		45,722		423,661
#	Farmsco		88,719		328,735
	FarmStory Co., Ltd.		223,787		187,120
*	Feelux Co., Ltd.		283,759		1,205,043
	Fine DNC Co., Ltd.		19,923		25,994
#	Fine Semitech Corp.		39,942		262,891
# *	Firstec Co., Ltd.		163,256		290,272
*	FN Republic Co., Ltd.		167,534		72,042
*	FNC Entertainment Co., Ltd.		3,147		15,697
#	Foosung Co., Ltd.		299,347		1,654,935
# *	Fourth-Link, Inc.		52,309		11,752
	Fursys, Inc.		16,042		363,998
*	Futurestream Networks Co., Ltd.		16,175		15,318
	Gabia, Inc.		61,787		732,455
*	GAEASOFT		14,151		113,566
	Galaxia Communications Co., Ltd.		88,817		261,111
*	Gamevil, Inc.		31,510		639,592
	Gaon Cable Co., Ltd.		14,855		188,589
	Gemvaxlink Co., Ltd.		315,573		270,868
*	Genie Music Corp.		223,163		454,925
	Geumhwa PSC Co., Ltd.		6,842		158,163
*	Gigalane Co., Ltd.		145,427		134,161
*	Globon Co., Ltd.		29,365		64,513
	GMB Korea Corp.		35,866		130,427
# *	GNCO Co., Ltd.		576,425		671,178
	GOLFZON Co., Ltd.		19,822		871,023
	Golfzon Newdin Holdings Co., Ltd.		174,025		483,147
# *	Good People Co., Ltd.		318,846		590,887
	Grand Korea Leisure Co., Ltd.		82,487		1,075,053
	Green Cross Cell Corp.		32,860		1,054,124
	Green Cross Holdings Corp.		79,061		1,378,173
*	Green Non-Life Insurance Co., Ltd.		22,357		0
*	GS Global Corp.		303,507		442,485
	GS Home Shopping, Inc.		22,149		2,320,603
	Gwangju Shinsegae Co., Ltd.		3,808		457,609
# *	GY Commerce Co., Ltd.		149,142		51,639
	Hae In Corp.		4,066		14,531
#	HAESUNG DS Co., Ltd.		60,675		738,673
	Haesung Industrial Co., Ltd.		9,176		66,733
	Haimarrow Food Service Co., Ltd.		194,879		446,762
	Haitai Confectionery & Foods Co., Ltd.		58,090		337,728
*	Halla Corp.		143,627		366,231
	Halla Holdings Corp.		60,229		1,493,759
# *	Han Chang Corp.		122,636		245,537
#	Han Kuk Carbon Co., Ltd.		172,944		980,719
#	Hana Micron, Inc.		153,881		609,083
#	Hana Tour Service, Inc.		57,671		2,013,343
*	Hancom MDS, Inc.		39,133		366,634
*	Hancom, Inc.		115,458		1,191,817
	Handok, Inc.		51,132		942,753
	Handsome Co., Ltd.		100,651		2,030,758
#	Hanil Cement Co., Ltd.		15,772		1,110,527
#	Hanil Holdings Co., Ltd.		12,939		450,515
	Hanil Hyundai Cement Co., Ltd.		16,083		421,230
*	Hanil Vacuum Co., Ltd.		177,588		88,902
# *	Hanjin Heavy Industries & Construction Co., Ltd.		195,140		1,009,232
	Hanjin Transportation Co., Ltd.		56,388		2,141,505
	Hankook AtlasBX Co., Ltd.		1,212		49,099

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
*	Hankook Corp., Inc.		9,559	$	2,212
#	Hankook Cosmetics Manufacturing Co., Ltd.		12,582		391,626
	Hankook Shell Oil Co., Ltd.		4,428		954,286
*	Hankook Synthetics Inc.		550		0
	Hankuk Paper Manufacturing Co., Ltd.		20,784		245,272
	Hanla IMS Co., Ltd.		15,971		73,902
	Hanmi Semiconductor Co., Ltd.		135,891		873,280
	HanmiGlobal Co., Ltd.		46,196		292,153
#	Hans Biomed Corp.		47,257		745,362
	Hansae Co., Ltd.		115,696		1,139,577
	Hansae Yes24 Holdings Co., Ltd.		84,372		364,177
	Hanshin Construction		58,275		629,236
	Hanshin Machinery Co.		91,006		104,294
	Hansol Chemical Co., Ltd.		59,371		4,195,598
*	Hansol Holdings Co., Ltd.		374,793		922,795
# *	Hansol HomeDeco Co., Ltd.		480,537		353,824
	Hansol Paper Co., Ltd.		124,590		1,610,045
*	Hansol Technics Co., Ltd.		173,193		859,508
*	Hanwha General Insurance Co., Ltd.		431,981		775,092
*	Hanwha Investment & Securities Co., Ltd.		854,450		1,248,246
#	Hanyang Eng Co., Ltd.		70,713		583,882
	Hanyang Securities Co., Ltd.		41,592		214,845
*	Harim Co., Ltd.		340,978		745,846
	Harim Holdings Co., Ltd.		183,271		963,336
#	HB Technology Co., Ltd.		306,331		604,129
	HDC Holdings Co., Ltd.		249,428		1,913,495
	HDC Hyundai Development Co. Engineering & Construction, Class E, Class E		103,857		1,605,411
	HDC Hyundai Engineering Plastics Co., Ltd.		95,998		296,598
#	HDC I-Controls Co., Ltd.		37,078		261,382
# *	Heung-A Shipping Co., Ltd.		729,772		154,525
*	Heungkuk Fire & Marine Insurance Co., Ltd.		326,723		662,306
*	HFR, Inc.		1,448		43,003
	High Tech Pharm Co., Ltd.		9,245		80,641
	Hitejinro Holdings Co., Ltd.		45,753		509,884
# *	HJ Magnolia Yongpyong Hotel & Resort Corp.		162,717		629,897
*	HLB Life Science Co., Ltd.		5,065		78,796
#	HLscience Co., Ltd.		2,994		134,807
# *	HMM Co., Ltd.		1,375,106		4,085,463
# *	HNT Electronics Co., Ltd.		55,565		87,558
*	Home Center Holdings Co., Ltd.		455,258		438,401
# *	Homecast Co., Ltd.		207,600		607,487
	HS Industries Co., Ltd.		237,511		1,604,453
	HS R&A Co., Ltd.		243,993		325,976
# *	HSD Engine Co., Ltd.		115,126		324,192
*	Huayi Brothers Korea Co., Ltd.		29,821		79,210
	Huchems Fine Chemical Corp.		130,793		1,886,973
*	Humax Co., Ltd.		96,364		270,762
	Humedix Co., Ltd.		38,822		637,698
*	Huneed Technologies		55,366		303,741
	Huons Co., Ltd.		50,562		2,018,044
	Huons Global Co., Ltd.		49,967		1,295,716
	Husteel Co., Ltd.		10,435		57,814
#	Huvis Corp.		107,198		478,622
	Huvitz Co., Ltd.		61,778		393,007
	Hwa Shin Co., Ltd.		130,553		246,707
	Hwacheon Machine Tool Co., Ltd.		6,481		164,076
#	Hwail Pharm Co., Ltd.		53,363		396,424
# *	Hwajin Co., Ltd.		195,001		91,823

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares			Value»
SOUTH KOREA — (Continued)
	Hwangkum Steel & Technology Co., Ltd.		50,864	��	$	247,215
#	Hwaseung Enterprise Co., Ltd.		71,812			741,552
	HwaSung Industrial Co., Ltd.		70,151			524,933
	Hy-Lok Corp.		70,157			700,033
*	Hyosung Advanced Materials Corp.		3,298			221,890
	Hyosung Chemical Corp.		1,540			145,817
	Hyosung TNC Co., Ltd.		3,095			331,168
#	HyosungITX Co., Ltd.		18,151			243,748
# *	Hyulim ROBOT Co., Ltd.		483,589			334,114
# *	Hyundai Bioscience Co., Ltd.		212,685			1,879,798
#	Hyundai BNG Steel Co., Ltd.		73,255			433,042
*	Hyundai Construction Equipment Co., Ltd.		76,009			1,151,075
#	Hyundai Corp Holdings, Inc.		41,823			333,620
#	Hyundai Corp.		49,959			601,579
*	Hyundai Electric & Energy System Co., Ltd.		50,960			344,988
	Hyundai Greenfood Co., Ltd.		311,746			2,090,353
	Hyundai Home Shopping Network Corp.		40,733			2,406,877
	Hyundai Hy Communications & Networks Co., Ltd.		293,335			990,566
	Hyundai Livart Furniture Co., Ltd.		87,519			838,596
	Hyundai Motor Securities Co., Ltd.		121,685			881,129
#	Hyundai Pharmaceutical Co., Ltd.		144,667			551,101
# *	Hyundai Rotem Co., Ltd.		67,663			1,004,146
	Hyundai Telecommunication Co., Ltd.		8,282			42,435
	Hyundai Wia Corp.		111,526			3,021,474
#	HyVision System, Inc.		58,211			402,705
	I&C Technology Co., Ltd.		56,987			180,673
#	i3system, Inc.		36,390			645,150
*	iA, Inc.		1,230,523			393,078
#	ICD Co., Ltd.		75,843			963,573
	IDIS Holdings Co., Ltd.		1,320			15,077
# *	IHQ, Inc.		413,977			529,382
*	Il Dong Pharmaceutical Co., Ltd.		79,541			847,875
	Iljin Diamond Co., Ltd.		43,218			829,474
# *	Iljin Display Co., Ltd.		119,554			282,238
*	Iljin Electric Co., Ltd.		121,530			239,167
	Iljin Holdings Co., Ltd.		137,437			420,936
#	Ilshin Spinning Co., Ltd.		10,159			465,066
# *	Ilshin Stone Co., Ltd.		256,307			525,249
#	ilShinbiobase Co., Ltd.		195,930			360,566
#	Ilsung Pharmaceuticals Co., Ltd.		4,137			307,135
	Ilyang Pharmaceutical Co., Ltd.		75,501			2,035,394
*	IM Co., Ltd.		149,118			99,524
	iMarketKorea, Inc.		129,703			1,076,508
	InBody Co., Ltd.		61,922			955,747
# *	INCON Co., Ltd.		158,451			153,215
# *	Incross Co., Ltd.		21,432			454,398
# *	Infinitt Healthcare Co., Ltd.		85,520			538,960
	INITECH Co., Ltd.		34,978			121,836
	Innocean Worldwide, Inc.		47,201			2,259,806
#	InnoWireless, Inc.		28,623			1,177,755
# *	Innox Advanced Materials Co., Ltd.		46,191			1,386,429
# *	Inscobee, Inc.		591,826			1,379,028
# *	Insun ENT Co., Ltd.		177,492			1,070,393
	Intelligent Digital Integrated Security Co., Ltd.		38,479			657,890
*	Interflex Co., Ltd.		80,840			667,857
#	Interojo Co., Ltd.		68,475			1,304,576
	Interpark Corp.		71,258			250,699
	Interpark Holdings Corp.		249,176			375,233
	INTOPS Co., Ltd.		86,749			780,974

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
*	INVENIA Co., Ltd.		36,373	$	52,405
	Inzi Controls Co., Ltd.		45,051		143,342
	INZI Display Co., Ltd.		20,792		26,305
*	Iones Co., Ltd.		64,926		278,647
	IS Dongseo Co., Ltd.		99,665		2,085,328
#	ISC Co., Ltd.		68,260		569,302
	i-SENS, Inc.		58,711		1,136,284
	ISU Chemical Co., Ltd.		63,731		614,716
#	IsuPetasys Co., Ltd.		183,252		504,781
	It’s Hanbul Co., Ltd.		36,356		446,378
*	J.ESTINA Co., Ltd.		82,412		182,480
# *	Jahwa Electronics Co., Ltd.		67,806		407,493
#	JASTECH, Ltd.		59,570		461,109
# *	Jayjun Cosmetic Co., Ltd.		177,338		425,986
	JB Financial Group Co., Ltd.		1,034,840		4,122,000
	JC Chemical Co., Ltd.		11,668		43,326
# *	JC Hyun System, Inc.		82,351		269,428
	Jcontentree Corp.		25,881		745,165
	Jeil Pharmaceutical Co., Ltd.		5,220		113,511
# *	Jeju Semiconductor Corp.		154,448		368,291
*	Jejuair Co., Ltd.		63,132		1,064,110
# *	Jeongsan Aikang Co., Ltd.		202,408		284,356
	Jinro Distillers Co., Ltd.		12,750		306,464
#	Jinsung T.E.C		75,315		357,536
	JLS Co., Ltd.		60,696		320,288
*	JNK Heaters Co., Ltd.		52,520		182,797
*	JoyCity Corp.		6,537		61,138
	JS Corp.		40,769		254,010
	Jusung Engineering Co., Ltd.		236,743		1,053,547
	JVM Co., Ltd.		18,420		373,521
	JW Holdings Corp.		226,283		923,434
#	JW Life Science Corp.		53,988		691,901
	JW Pharmaceutical Corp.		75,091		1,810,253
	JW Shinyak Corp.		29,795		113,456
	JYP Entertainment Corp.		149,904		2,547,763
# *	Kanglim Co., Ltd.		213,093		311,922
#	Kangnam Jevisco Co., Ltd.		28,524		409,877
*	Kangstem Biotech Co., Ltd.		36,730		250,397
#	KAON Media Co., Ltd.		109,201		529,550
	KC Co., Ltd.		41,583		472,093
	KC Cottrell Co., Ltd.		57,816		209,025
	KC Green Holdings Co., Ltd.		84,188		250,852
	KC Tech Co., Ltd.		69,066		1,021,499
	KCC Engineering & Construction Co., Ltd.		36,099		178,513
	KCI, Ltd.		33,797		269,993
*	KCO Energy, Inc.		120		0
*	KD Corp.		29,472		2,245
*	KEC Corp.		549,593		345,851
#	KEPCO Engineering & Construction Co., Inc.		86,105		1,195,284
#	Keyang Electric Machinery Co., Ltd.		121,736		273,660
*	KEYEAST Co., Ltd.		293,755		642,502
	KG Chemical Corp.		10,467		119,417
#	KG Eco Technology Service Co., Ltd.		105,908		354,309
	Kginicis Co., Ltd.		95,353		1,723,549
	KGMobilians Co., Ltd.		114,785		708,341
# *	KH Vatec Co., Ltd.		92,733		1,410,546
	KINX, Inc.		15,872		805,350
	KISCO Corp.		122,047		393,614
	KISCO Holdings Co., Ltd.		56,887		491,943

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
	Kishin Corp.		23,724	$	60,036
	KISWIRE, Ltd.		50,257		594,902
# *	Kiwi Media Group Co., Ltd.		1,683,238		77,707
	KL-Net Corp.		61,091		109,768
#	KM Corp.		32,729		427,268
	KMH Co., Ltd.		115,916		616,781
	Kocom Co., Ltd.		50,776		206,270
*	Kodaco Co., Ltd.		278,877		94,198
	Koentec Co., Ltd.		121,211		967,257
	Koh Young Technology, Inc.		61,406		4,094,428
	Kolmar BNH Co., Ltd.		48,488		1,148,295
	Kolmar Korea Co., Ltd.		69,539		2,428,127
	Kolmar Korea Holdings Co., Ltd.		64,449		1,161,098
	Kolon Corp.		50,123		723,998
	Kolon Global Corp.		40,693		262,619
	Kolon Industries, Inc.		63,423		1,606,833
	Kolon Plastic, Inc.		88,936		251,019
#	Komelon Corp.		37,331		232,461
	KoMiCo, Ltd.		36,775		751,366
# *	KONA I Co., Ltd.		75,053		803,842
	Kook Soon Dang Brewery Co., Ltd.		29,947		88,358
	Kopla Co., Ltd.		93,079		226,796
#	Korea Alcohol Industrial Co., Ltd.		78,848		1,029,892
	Korea Asset In Trust Co., Ltd.		345,264		687,096
	Korea Autoglass Corp.		63,586		695,037
#	Korea Cast Iron Pipe Industries Co., Ltd.		60,277		460,686
# *	Korea Circuit Co., Ltd.		70,736		460,043
# *	Korea District Heating Corp.		21,995		694,173
	Korea Electric Terminal Co., Ltd.		37,908		892,411
	Korea Electronic Certification Authority, Inc.		110,844		370,206
#	Korea Electronic Power Industrial Development Co., Ltd.		71,059		192,049
	Korea Export Packaging Industrial Co., Ltd.		5,621		84,638
	Korea Flange Co., Ltd.		70,591		117,513
# *	Korea Information & Communications Co., Ltd.		86,404		578,803
	Korea Information Certificate Authority, Inc.		97,155		287,456
*	Korea Line Corp.		87,070		1,285,829
*	Korea Materials & Analysis Corp.		197,070		240,426
	Korea Petrochemical Ind Co., Ltd.		22,491		2,608,546
	Korea Real Estate Investment & Trust Co., Ltd.		1,105,216		1,707,658
#	Korea United Pharm, Inc.		59,545		863,282
	Korean Reinsurance Co.		591,764		4,091,754
	Kortek Corp.		68,622		542,492
# *	KPM Tech Co., Ltd.		113,288		69,104
#	KPX Chemical Co., Ltd.		15,639		624,162
# *	KSIGN Co., Ltd.		341,049		327,082
	KSS LINE, Ltd.		101,989		609,241
*	KT Hitel Co., Ltd.		106,931		493,582
	KT Skylife Co., Ltd.		169,354		1,101,506
#	KT Submarine Co., Ltd.		96,406		323,203
	KTB Investment & Securities Co., Ltd.		302,569		639,829
#	KTCS Corp.		160,451		232,177
	Ktis Corp.		174,086		271,347
#	Kuk Young G&M		186,943		413,963
	Kukbo Design Co., Ltd.		24,206		280,179
#	Kukdo Chemical Co., Ltd.		18,000		616,852
#	Kukdong Oil & Chemicals Co., Ltd.		89,179		237,962
# *	Kuk-il Paper Manufacturing Co., Ltd.		596,800		2,977,028
# *	Kum Yang Co., Ltd.		95,714		182,321
#	Kumho Industrial Co., Ltd.		137,572		914,000

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
# *	Kumho Tire Co., Inc.		646,850	$	1,630,506
	Kumkang Kind Co., Ltd.		68,202		176,576
	Kwang Dong Pharmaceutical Co., Ltd.		234,489		1,167,625
	Kwang Myung Electric Co., Ltd.		210,799		357,628
#	Kyeryong Construction Industrial Co., Ltd.		33,110		437,271
	Kyobo Securities Co., Ltd.		128,948		766,668
#	Kyongbo Pharmaceutical Co., Ltd.		67,878		430,570
	Kyung Dong Navien Co., Ltd.		39,655		1,163,105
	Kyung Nong Corp.		29,850		296,570
#	Kyungbang Co., Ltd.		86,421		710,737
	KyungDong City Gas Co., Ltd.		28,465		414,743
	KyungDong Invest Co., Ltd.		5,295		122,399
	Kyungdong Pharm Co., Ltd.		110,025		747,849
	Kyung-In Synthetic Corp.		182,535		1,046,343
	L&F Co., Ltd.		83,858		1,324,444
*	L&K Biomed Co., Ltd.		26,992		29,117
# *	LabGenomics Co., Ltd.		49,913		1,028,295
#	LB Semicon, Inc.		183,953		1,086,378
	LEADCORP, Inc. (The)		105,336		465,437
*	Leaders Cosmetics Co., Ltd.		91,059		295,812
	LEENO Industrial, Inc.		50,743		3,730,073
# *	Leenos Corp.		241,349		281,302
*	LegoChem Biosciences, Inc.		2,919		117,018
	LF Corp.		140,103		1,513,381
	LG Hausys, Ltd.		45,094		1,918,444
	LG HelloVision Co., Ltd.		176,287		653,063
	LG International Corp.		201,405		2,184,598
	LIG Nex1 Co., Ltd.		60,282		1,293,947
#	Lion Chemtech Co., Ltd.		73,106		424,702
# *	LIS Co., Ltd.		59,157		327,643
*	Liveplex Co., Ltd.		114,325		71,030
#	LMS Co., Ltd.		44,865		393,424
*	Lock & Lock Co., Ltd.		129,691		1,178,742
# *	LONGTU KOREA, Inc.		102,159		381,052
# *	LOT Vacuum Co., Ltd.		76,342		583,528
	Lotte Chilsung Beverage Co., Ltd.		17,472		1,567,371
	Lotte Confectionery Co., Ltd.		2,373		250,072
	LOTTE Fine Chemical Co., Ltd.		125,283		4,024,263
	Lotte Food Co., Ltd.		2,961		935,195
	LOTTE Himart Co., Ltd.		62,911		1,388,304
# *	Lotte Non-Life Insurance Co., Ltd.		461,385		620,831
*	Lotte Tour Development Co., Ltd.		93,681		884,989
	LS Cable & System Asia, Ltd.		60,288		344,772
	LS Electric Co., Ltd.		6,961		224,169
# *	Lumens Co., Ltd.		282,899		412,866
*	Lutronic Corp.		140,095		619,857
*	LVMC Holdings		195,822		799,718
# *	Macrogen, Inc.		51,829		1,464,511
	Maeil Dairies Co., Ltd.		3,387		223,767
	Maeil Holdings Co., Ltd.		39,665		281,722
*	Magicmicro Co., Ltd.		387,138		203,327
# *	Maniker Co., Ltd.		480,112		331,127
	Mcnex Co., Ltd.		76,074		1,855,613
# *	ME2ON Co., Ltd.		162,301		761,368
# *	Mediana Co., Ltd.		35,251		503,388
*	Medipost Co., Ltd.		18,859		408,974
#	Meerecompany, Inc.		28,285		625,503
#	MegaStudy Co., Ltd.		62,602		530,776
	MegaStudyEdu Co., Ltd.		48,136		1,777,447

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
*	Melfas, Inc.		166,086	$	159,040
#	META BIOMED Co., Ltd.		129,147		253,863
# *	Mgame Corp.		104,493		334,230
	Mi Chang Oil Industrial Co., Ltd.		5,310		261,724
#	MiCo, Ltd.		155,794		1,146,029
	Minwise Co., Ltd.		70,028		823,578
	Mirae Asset Life Insurance Co., Ltd.		584,328		1,736,229
# *	Mirae Corp.		5,894,758		386,848
	Miwon Chemicals Co., Ltd.		3,853		144,602
	Miwon Commercial Co., Ltd.		5,072		256,341
	Miwon Specialty Chemical Co., Ltd.		11,832		740,734
#	MK Electron Co., Ltd.		108,898		583,262
*	MNTech Co., Ltd.		122,670		257,135
*	Mobase Co., Ltd.		50,361		137,761
# *	Mobile Appliance, Inc.		174,502		451,697
#	Modetour Network, Inc.		90,857		976,793
#	Monalisa Co., Ltd.		171,888		1,013,232
#	MonAmi Co., Ltd.		104,161		279,452
#	Moorim P&P Co., Ltd.		167,889		466,375
	Moorim Paper Co., Ltd.		153,047		275,635
#	Motonic Corp.		71,296		422,386
# *	MP Group, Inc.		151,072		30,570
#	MS Autotech Co., Ltd.		143,953		640,332
# *	Muhak Co., Ltd.		109,192		572,542
#	Multicampus Co., Ltd.		15,418		399,142
# *	MyungMoon Pharm Co., Ltd.		104,673		421,040
#	Nam Hwa Construction Co., Ltd.		37,268		444,765
#	Namhae Chemical Corp.		169,451		1,088,624
*	NamKwang Engineering & Construction Co., Ltd.		2,218		23,650
# *	Namsun Aluminum Co., Ltd.		393,345		1,583,482
# *	Namuga Co., Ltd.		18,234		211,116
	Namyang Dairy Products Co., Ltd.		2,372		628,713
*	Namyeung Vivien		30,780		25,706
*	NanoenTek, Inc.		99,817		638,431
	Nasmedia Co., Ltd.		24,369		577,726
# *	Nature & Environment Co., Ltd.		384,677		516,735
*	Naturecell Co., Ltd.		132,386		1,202,678
*	NDFOS Co., Ltd.		20,333		65,739
	NeoPharm Co., Ltd.		25,196		637,912
# *	Neowiz		86,809		1,244,295
#	NEOWIZ HOLDINGS Corp.		36,522		428,668
#	NEPES Corp.		104,087		2,485,636
# *	Neuros Co., Ltd.		132,787		279,991
# *	New Power Plasma Co., Ltd.		172,515		434,279
	Nexen Corp.		137,273		533,806
	Nexen Tire Corp.		233,104		1,098,069
*	Nexon GT Co., Ltd.		5,993		36,425
*	Next Entertainment World Co., Ltd.		105,261		340,702
# *	NextEye Co., Ltd.		197,968		206,522
#	Nexturn Co., Ltd.		39,610		268,416
*	NHN BUGS Corp.		27,513		114,249
*	NHN Corp.		19,923		1,247,525
#	NHN KCP Corp.		79,822		2,531,303
	NICE Holdings Co., Ltd.		135,007		2,211,891
	Nice Information & Telecommunication, Inc.		38,411		936,852
	NICE Information Service Co., Ltd.		219,290		3,162,517
	NICE Total Cash Management Co., Ltd.		121,835		600,184
*	NK Co., Ltd.		469,056		334,968
*	NK Mulsan Co., Ltd.		60,780		34,516

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
	Nong Shim Holdings Co., Ltd.		13,404	$	819,884
#	Nong Woo Bio Co., Ltd.		49,672		420,158
	Noroo Holdings Co., Ltd.		9,344		71,811
#	NOROO Paint & Coatings Co., Ltd.		59,794		379,117
	NPC		66,771		199,202
	NS Shopping Co., Ltd.		126,484		804,053
*	nTels Co., Ltd.		24,999		195,054
	Nuri Telecom Co., Ltd.		17,628		81,952
*	NUVOTEC Co., Ltd.		153,125		147,807
	Oceanbridge Co., Ltd.		19,278		149,388
*	OCI Co., Ltd.		7,645		250,892
# *	Omnisystem Co., Ltd.		233,956		371,329
#	Openbase, Inc.		183,847		453,427
	Opto Device Technology Co., Ltd.		29,480		95,488
	OptoElectronics Solutions Co., Ltd.		38,766		1,248,997
	OPTRON-TEC, Inc.		133,374		527,184
# *	Orbitech Co., Ltd.		145,252		365,987
# *	Orientbio, Inc.		556,748		332,433
	Orion Holdings Corp.		130,785		1,516,999
*	OSANGJAIEL Co., Ltd.		68,421		690,197
*	Osstem Implant Co., Ltd.		72,326		1,950,824
# *	Osung Advanced Materials Co., Ltd.		278,129		552,115
#	Paik Kwang Industrial Co., Ltd.		153,313		350,488
	Pang Rim Co., Ltd.		101,740		144,372
	Pan-Pacific Co., Ltd.		203,776		367,803
*	PaperCorea, Inc.		79,190		91,257
	Park Systems Corp.		727		21,918
	Partron Co., Ltd.		261,551		1,732,648
# *	Paru Co., Ltd.		257,213		518,338
*	People & Technology, Inc.		27,588		217,778
#	Pharma Research Products Co., Ltd.		24,555		855,073
# *	Pharmicell Co., Ltd.		131,453		2,050,520
*	Phoenix Materials Co., Ltd.		44,503		20,107
# *	PNE Solution Co., Ltd.		61,691		662,765
# *	Pobis TNC Co., Ltd.		250,451		337,765
*	POLUS BioPharm, Inc.		42,209		15,913
	Poongsan Corp.		118,045		2,046,236
	Poongsan Holdings Corp.		33,366		790,813
	POSCO Coated & Color Steel Co., Ltd.		2,517		24,252
	Posco ICT Co., Ltd.		338,081		1,228,183
#	Posco M-Tech Co., Ltd.		137,510		442,783
#	Power Logics Co., Ltd.		173,206		979,562
*	Prostemics Co., Ltd.		49,725		167,519
#	Protec Co., Ltd.		40,830		478,263
	PS TEC Co., Ltd.		73,410		213,537
#	PSK, Inc.		90,057		1,385,579
#	Pulmuone Co., Ltd.		83,990		837,040
#	Pungkuk Alcohol Industry Co., Ltd.		39,040		587,579
#	Pyeong Hwa Automotive Co., Ltd.		51,185		282,234
*	RaonSecure Co., Ltd.		159,690		341,987
	Rayence Co., Ltd.		21,966		258,630
*	Redrover Co., Ltd.		335,561		62,998
#	Reyon Pharmaceutical Co., Ltd.		42,639		487,253
#	RFHIC Corp.		64,357		2,029,875
# *	RFTech Co., Ltd.		114,269		575,204
# *	Robostar Co., Ltd.		39,835		519,485
*	Robotis Co., Ltd.		9,311		81,418
*	Rorze Systems Corp.		12,806		51,880
#	Rsupport Co., Ltd.		59,819		306,786

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
#	S Net Systems, Inc.		100,072	$	543,659
#	S&S Tech Corp.		89,559		1,539,002
	S&T Corp.		13,299		175,247
	S&T Dynamics Co., Ltd.		190,917		854,807
	S&T Holdings Co., Ltd.		54,697		641,552
	S&T Motiv Co., Ltd.		51,092		1,513,334
# *	S.Y. Co., Ltd.		85,193		294,410
	Sajo Industries Co., Ltd.		13,022		341,270
	Sajodaerim Corp.		2,580		30,252
*	Sajodongaone Co., Ltd.		29,518		21,901
#	Sam Chun Dang Pharm Co., Ltd.		75,658		1,908,450
*	SAM KANG M&T Co., Ltd.		103,756		247,514
	Sam Young Electronics Co., Ltd.		82,543		494,659
#	Sam Yung Trading Co., Ltd.		95,984		1,068,779
	Sambo Corrugated Board Co., Ltd.		7,239		47,892
*	Sambo Motors Co., Ltd.		45,702		150,580
# *	Sambon Electronics Co., Ltd.		284,390		375,630
*	Sambu Engineering & Construction Co., Ltd.		29,011		18,667
	Samchully Co., Ltd.		18,970		1,154,042
*	Samchuly Bicycle Co., Ltd.		47,168		232,905
#	Samho Development Co., Ltd.		128,250		532,334
	Samho International Co., Ltd.		33,297		616,103
	SAMHWA Paints Industrial Co., Ltd.		68,028		280,713
	Samick Musical Instruments Co., Ltd.		343,627		410,872
#	Samick THK Co., Ltd.		56,489		533,745
#	Samil Pharmaceutical Co., Ltd.		29,303		429,070
	Samji Electronics Co., Ltd.		75,961		568,123
#	Samjin LND Co., Ltd.		98,862		159,257
#	Samjin Pharmaceutical Co., Ltd.		55,034		1,147,061
*	Samkee Automotive Co., Ltd.		55,391		79,988
	Samkwang Glass Co., Ltd.		20,194		483,882
	Sammok S-Form Co., Ltd.		31,502		187,183
	SAMPYO Cement Co., Ltd.		231,777		669,237
# *	Samsung Pharmaceutical Co., Ltd.		296,288		972,508
#	Samsung Publishing Co., Ltd.		33,817		674,998
	SAMT Co., Ltd.		334,703		543,440
	Samwha Capacitor Co., Ltd.		47,319		1,892,214
#	Samwha Electric Co., Ltd.		28,113		337,451
	Samyang Corp.		24,139		782,999
	Samyang Foods Co., Ltd.		25,215		2,080,416
	Samyang Holdings Corp.		25,218		1,036,643
#	Samyang Tongsang Co., Ltd.		10,320		456,128
	Sang-A Frontec Co., Ltd.		60,793		672,370
*	Sangbo Corp.		96,831		65,213
#	Sangsangin Co., Ltd.		253,554		1,633,804
	Sangsin Brake		27,592		62,479
	Sangsin Energy Display Precision Co., Ltd.		67,598		337,859
	SaraminHR Co., Ltd.		34,495		720,680
#	Satrec Initiative Co., Ltd.		35,524		614,844
	SAVEZONE I&C Corp.		118,777		223,639
# *	SBI Investment Korea Co., Ltd.		679,843		345,660
*	SBS Media Holdings Co., Ltd.		280,998		442,311
# *	SBW		910,924		713,674
# *	S-Connect Co., Ltd.		235,710		397,894
# *	SD Biotechnologies Co., Ltd.		78,702		268,032
# *	SDN Co., Ltd.		237,263		440,268
	Seah Besteel Corp.		95,946		733,316
	SeAH Holdings Corp.		5,096		282,816
	SeAH Steel Corp.		10,843		353,899

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
	SeAH Steel Holdings Corp.		8,330	$	197,451
	Sebang Co., Ltd.		83,913		646,119
	Sebang Global Battery Co., Ltd.		48,858		1,159,710
	Sebo Manufacturing Engineer Corp.		19,089		80,804
#	Secuve Co., Ltd.		184,998		206,864
#	Seegene, Inc.		148,228		11,164,208
	Sejin Heavy Industries Co., Ltd.		4		10
	Sejong Industrial Co., Ltd.		53,849		185,853
*	Sejong Telecom, Inc.		2,024,357		580,300
#	Sekonix Co., Ltd.		74,829		293,873
# *	Selvas AI, Inc.		179,027		104,137
	Sempio Foods Co.		12,562		298,058
	Semyung Electric Machinery Co., Ltd.		8,458		33,484
	S-Energy Co., Ltd.		61,002		169,975
*	Seobu T&D		272,503		1,253,724
	Seohan Co., Ltd.		575,035		481,075
	Seohee Construction Co., Ltd.		913,193		783,099
	Seojin System Co., Ltd.		17,833		385,795
	Seondo Electric Co., Ltd.		31,469		72,295
# *	Seoul Auction Co., Ltd.		90,789		331,599
*	Seoul Electronics & Telecom		104,354		67,011
# *	Seoul Food Industrial Co., Ltd.		2,034,341		292,114
#	Seoul Pharma Co., Ltd.		56,814		390,399
	Seoul Semiconductor Co., Ltd.		239,800		2,604,269
#	Seoulin Bioscience Co., Ltd.		30,512		274,252
#	Seowon Co., Ltd.		158,377		390,189
#	SEOWONINTECH Co., Ltd.		77,207		343,405
	Seoyon Co., Ltd.		56,279		173,044
	Seoyon E-Hwa Co., Ltd.		88,648		255,355
	Sewha P&C, Inc.		34,542		73,909
# *	Sewon Cellontech Co., Ltd.		317,725		677,298
	Sewon Precision Industry Co., Ltd.		25,563		63,648
	SEWOONMEDICAL Co., Ltd.		143,318		366,030
	SFA Engineering Corp.		109,626		3,160,312
# *	SFA Semicon Co., Ltd.		487,890		2,106,511
# *	SFC Co., Ltd.		290,874		81,241
# *	SG Corp.		785,181		432,514
*	SG&G Corp.		93,647		103,479
*	SH Energy & Chemical Co., Ltd.		473,167		346,401
# *	Shin Poong Pharmaceutical Co., Ltd.		233,733		3,190,127
	Shindaeyang Paper Co., Ltd.		12,266		614,960
#	Shinil Electronics Co., Ltd.		370,771		592,482
	Shinsegae Engineering & Construction Co., Ltd.		17,311		347,568
#	Shinsegae Food Co., Ltd.		12,587		627,122
	Shinsegae Information & Communication Co., Ltd.		6,509		605,004
*	Shinsung E&G Co., Ltd.		695,198		500,487
# *	Shinsung Tongsang Co., Ltd.		467,967		428,268
#	Shinwha Intertek Corp.		167,682		332,882
# *	Shinwon Corp.		328,839		447,341
	Shinyoung Securities Co., Ltd.		31,529		1,191,425
#	SHOWBOX Corp.		202,133		478,507
*	Signetics Corp.		215,282		128,098
	SIGONG TECH Co., Ltd.		72,529		324,980
#	Silicon Works Co., Ltd.		76,328		1,890,353
#	Silla Co., Ltd.		49,229		412,854
	SIMMTECH Co., Ltd.		118,897		930,735
	SIMPAC, Inc.		114,590		217,707
	Sindoh Co., Ltd.		38,779		879,001
	Sinil Pharm Co., Ltd.		1,717		10,562

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
#	SinSin Pharmaceutical Co., Ltd.		50,462	$	306,198
#	SK Bioland Co., Ltd.		88,938		1,750,971
	SK Chemicals Co., Ltd.		45,369		2,886,749
#	SK D&D Co., Ltd.		52,494		1,051,485
	SK Discovery Co., Ltd.		76,844		1,593,168
	SK Gas, Ltd.		4,227		266,822
#	SK Networks Co., Ltd.		1,121,588		4,972,123
*	SK Rent A Car Co., Ltd.		2,780		21,127
	SK Securities Co., Ltd.		2,889,884		1,535,327
*	SKC Solmics Co., Ltd.		171,765		413,000
#	SKCKOLONPI, Inc.		85,421		2,312,287
	SL Corp.		100,977		1,103,328
*	SM Culture & Contents Co., Ltd.		277,128		360,028
*	SM Entertainment Co., Ltd.		123,879		2,833,039
*	SM Life Design Group Co., Ltd.		66,427		85,824
# *	S-MAC Co., Ltd.		1,016,327		1,103,254
*	SMARK Co., Ltd.		45,350		6,965
#	SMCore, Inc.		81,581		525,631
*	SMEC Co., Ltd.		153,271		228,677
# *	SNU Precision Co., Ltd.		157,801		393,254
*	Solborn, Inc.		96,444		290,929
# *	Solid, Inc.		229,788		1,075,676
	Songwon Industrial Co., Ltd.		101,183		1,197,092
# *	Sonokong Co., Ltd.		170,581		291,845
	Soulbrain Co., Ltd.		35,894		2,160,374
	SPC Samlip Co., Ltd.		14,997		882,074
#	SPG Co., Ltd.		94,323		409,865
#	Spigen Korea Co., Ltd.		23,443		837,749
# *	Ssangyong Motor Co.		342,624		438,087
*	ST Pharm Co., Ltd.		48,756		1,315,977
	Suheung Co., Ltd.		35,180		1,279,857
	Sun Kwang Co., Ltd.		24,809		296,422
# *	SundayToz Corp.		34,853		541,530
	Sung Bo Chemicals Co., Ltd.		57,708		190,180
	Sung Kwang Bend Co., Ltd.		117,136		606,421
*	Sungchang Enterprise Holdings, Ltd.		447,902		565,189
#	Sungdo Engineering & Construction Co., Ltd.		72,103		196,800
#	Sungshin Cement Co., Ltd.		119,623		775,675
	Sungwoo Hitech Co., Ltd.		374,937		906,879
#	Sunjin Co., Ltd.		100,092		697,301
# *	Sunny Electronics Corp.		208,190		546,492
*	Suprema HQ, Inc.		15,358		57,018
# *	Suprema, Inc.		30,158		851,472
*	Synergy Innovation Co., Ltd.		105,399		142,151
# *	Synopex, Inc.		402,183		883,143
	Systems Technology, Inc.		73,178		967,242
#	Tae Kyung Industrial Co., Ltd.		55,377		209,362
	Taekwang Industrial Co., Ltd.		2,620		1,720,884
*	Taewoong Co., Ltd.		72,605		344,824
#	Taeyoung Engineering & Construction Co., Ltd.		280,138		3,319,272
# *	Taihan Electric Wire Co., Ltd.		1,331,592		702,642
# *	Taihan Fiberoptics Co., Ltd.		388,537		1,055,853
*	Taihan Textile Co., Ltd.		1,976		31,920
#	Tailim Packaging Co., Ltd.		119,701		387,209
*	TBH Global Co., Ltd.		71,393		86,091
	TechWing, Inc.		93,020		1,168,348
*	Tego Science, Inc.		7,237		105,389
*	Telcon RF Pharmaceutical, Inc.		269,540		1,104,853
#	Telechips, Inc.		59,054		408,730

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
#	TES Co., Ltd.		90,822	$	1,490,022
*	Theragen Etex Co., Ltd.		187,568		1,660,662
*	Thinkware Systems Corp.		30,488		164,684
# *	TK Chemical Corp.		278,532		495,419
	TK Corp.		99,739		591,156
# *	TOBESOFT Co., Ltd.		120,531		202,313
#	Tokai Carbon Korea Co., Ltd.		29,621		1,755,995
# *	Tong Yang Moolsan Co., Ltd.		469,563		389,527
	Tongyang Life Insurance Co., Ltd.		312,717		760,279
#	Tongyang, Inc.		902,351		929,499
# *	Tonymoly Co., Ltd.		33,132		318,035
#	Top Engineering Co., Ltd.		82,138		613,581
#	Toptec Co., Ltd.		138,577		2,336,827
	Tovis Co., Ltd.		92,768		541,739
#	TS Corp.		28,777		424,632
# *	T’way Holdings, Inc.		208,040		237,420
#	UBCare Co., Ltd.		175,923		1,042,398
	Ubiquoss Holdings, Inc.		51,883		1,366,187
#	Ubiquoss, Inc.		19,917		471,050
	UIL Co., Ltd.		89,273		310,363
#	Uju Electronics Co., Ltd.		49,582		586,972
*	Uni-Chem Co., Ltd.		349,887		453,050
#	Unick Corp.		67,234		349,208
	Unid Co., Ltd.		35,445		1,258,072
#	Union Semiconductor Equipment & Materials Co., Ltd.		167,468		683,108
#	Uniquest Corp.		95,299		488,831
# *	Unison Co., Ltd.		511,811		387,993
*	Unitekno Co., Ltd.		17,561		131,283
	UniTest, Inc.		82,374		871,390
	UTI, Inc.		19,414		289,645
	Value Added Technology Co., Ltd.		48,230		1,008,014
	Very Good Tour Co., Ltd.		6,966		32,795
*	Viatron Technologies, Inc.		76,611		453,580
# *	VICTEK Co., Ltd.		129,990		422,114
*	Vidente Co., Ltd.		14,136		76,586
#	Vieworks Co., Ltd.		51,662		1,494,954
#	Visang Education, Inc.		47,339		297,669
	Vitzro Tech Co., Ltd.		11,550		60,118
	Vitzrocell Co., Ltd.		91,590		1,046,971
# *	VitzroSys Co., Ltd.		289,611		21,615
# *	VT GMP Co., Ltd.		8,360		74,219
*	W Holding Co., Ltd.		332,896		86,032
*	Webzen, Inc.		108,541		1,483,294
# *	Welcron Co., Ltd.		189,702		1,095,325
*	Wellbiotec Co., Ltd.		17,722		28,356
	Wemade Co., Ltd.		61,664		1,209,504
	Whanin Pharmaceutical Co., Ltd.		99,928		1,214,756
# *	WillBes & Co. (The)		395,146		484,263
	Winix, Inc.		50,207		767,497
	Wins Co., Ltd.		46,010		584,161
	WiSoL Co., Ltd.		129,456		1,100,869
*	WIZIT Co., Ltd.		554,073		282,034
*	WONIK CUBE Corp.		46,479		53,177
*	Wonik Holdings Co., Ltd.		235,016		731,812
#	Wonik Materials Co., Ltd.		51,128		1,012,094
# *	Wonik QnC Corp.		94,886		997,558
	Woojin, Inc.		2,070		5,927
# *	Woongjin Energy Co., Ltd.		130,463		18,350
*	Woori Investment Bank Co., Ltd.		2,024,253		968,151

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
SOUTH KOREA — (Continued)
# *	Woori Technology Investment Co., Ltd.		326,126	$	688,522
# *	Woori Technology, Inc.		709,536		478,389
# *	Wooridul Pharmaceutical, Ltd.		82,795		453,363
# *	Wooriro Co., Ltd.		16,683		25,370
#	Woorison F&G Co., Ltd.		163,424		285,349
#	Woory Industrial Co., Ltd.		40,935		606,740
# *	Wooshin Systems Co., Ltd.		72,140		195,565
# *	Woosu AMS Co., Ltd.		139,479		468,018
#	WooSung Feed Co., Ltd.		152,187		395,014
# *	Woowon Development Co., Ltd.		34,932		202,624
#	Worldex Industry & Trading Co., Ltd.		49,210		279,634
#	Y G-1 Co., Ltd.		153,517		619,819
*	YeaRimDang Publishing Co., Ltd.		88,257		182,023
*	Y-entec Co., Ltd.		4,556		40,348
# *	Yest Co., Ltd.		54,484		358,977
*	YG Entertainment, Inc.		62,114		1,515,320
*	YIK Corp.		138,054		365,357
# *	YJM Games Co., Ltd.		246,775		320,980
# *	YMC Co., Ltd.		97,776		810,646
	Yonwoo Co., Ltd.		30,310		479,327
	Yoosung Enterprise Co., Ltd.		114,087		236,938
	YooSung T&S Co., Ltd.		56,966		115,424
	Youlchon Chemical Co., Ltd.		64,226		796,087
#	Young Poong Corp.		640		274,826
	Young Poong Precision Corp.		68,725		379,910
	Youngone Corp.		718		16,097
	Youngone Holdings Co., Ltd.		38,171		1,289,110
*	YoungWoo DSP Co., Ltd.		197,393		275,530
	YTN Co., Ltd.		73,837		124,365
*	Yuanta Securities Korea Co., Ltd.		686,237		1,454,522
	YuHwa Securities Co., Ltd.		96,255		182,333
*	Yujin Robot Co., Ltd.		128,818		244,214
*	Yungjin Pharmaceutical Co., Ltd.		518,587		2,119,423
# *	Yuyang DNU Co., Ltd.		177,980		178,206
	Yuyu Pharma, Inc.		1,676		15,246
#	Zeus Co., Ltd.		41,148		323,809

TOTAL SOUTH KOREA					705,242,367

TAIWAN — (23.3%)
*	Sino American Electronic Co.		564,703		0
	ABC Taiwan Electronics Corp.		536,977		312,939
	Ability Enterprise Co., Ltd.		1,858,293		764,545
	Ability Opto-Electronics Technology Co., Ltd.		473,776		535,860
	AcBel Polytech, Inc.		2,964,599		2,058,237
	Ace Pillar Co., Ltd.		448,000		301,409
#	ACES Electronic Co., Ltd.		715,000		586,914
*	Acon Holding, Inc.		1,294,000		288,477
	Acter Group Corp., Ltd.		283,302		2,025,312
	Action Electronics Co., Ltd.		1,395,000		338,232
	Actron Technology Corp.		438,320		1,285,432
#	A-DATA Technology Co., Ltd.		1,438,879		2,723,253
	Addcn Technology Co., Ltd.		119,299		867,464
	Adlink Technology, Inc.		12,000		26,611
#	Advanced Ceramic X Corp.		283,000		2,949,080
	Advanced International Multitech Co., Ltd.		819,000		902,825
*	Advanced Lithium Electrochemistry Cayman Co., Ltd.		804,796		259,168
*	Advanced Optoelectronic Technology, Inc.		681,000		387,620
	Advanced Power Electronics Corp.		113,000		87,349
	Advanced Wireless Semiconductor Co.		1,041,409		3,134,687

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
	Advancetek Enterprise Co., Ltd.		1,451,519	$	844,215
	AEON Motor Co., Ltd.		10,800		10,822
	Aerospace Industrial Development Corp.		2,700,000		2,592,932
# *	AGV Products Corp.		3,154,433		757,250
*	Airmate Cayman International Co., Ltd.		36,504		32,194
#	Alchip Technologies, Ltd.		343,000		3,339,491
# *	ALI Corp.		1,328,775		682,714
	All Ring Tech Co., Ltd.		445,000		615,628
#	Allied Circuit Co., Ltd.		151,000		829,629
	Allis Electric Co., Ltd.		1,166,880		757,675
#	Alltek Technology Corp.		1,007,750		648,262
#	Alltop Technology Co., Ltd.		334,000		1,017,333
	Alpha Networks, Inc.		2,040,386		1,504,520
	Altek Corp.		1,983,945		1,287,174
#	Amazing Microelectronic Corp.		405,053		1,165,875
	Ambassador Hotel (The)		1,841,000		1,671,206
	Ampire Co., Ltd.		589,000		410,953
	AMPOC Far-East Co., Ltd.		635,444		617,628
*	AmTRAN Technology Co., Ltd.		6,613,951		1,698,524
	Anderson Industrial Corp.		290,416		78,022
	Anpec Electronics Corp.		503,007		1,132,054
#	Apac Opto Electronics, Inc.		147,000		181,999
#	Apacer Technology, Inc.		544,325		855,915
	APAQ Technology Co., Ltd.		378,120		402,596
#	APCB, Inc.		933,000		687,156
#	Apex Biotechnology Corp.		674,483		529,404
#	Apex International Co., Ltd.		1,110,470		2,079,605
#	Apex Medical Corp.		421,500		367,564
# *	Apex Science & Engineering		1,005,132		369,640
#	Apogee Optocom Co., Ltd.		48,000		231,356
#	Arcadyan Technology Corp.		965,055		2,598,090
	Ardentec Corp.		3,025,274		2,651,058
#	Argosy Research, Inc.		313,000		1,001,858
	Asia Electronic Material Co., Ltd.		331,000		153,560
	Asia Optical Co., Inc.		1,553,000		3,739,504
*	Asia Pacific Telecom Co., Ltd.		6,978,999		1,602,688
*	Asia Plastic Recycling Holding, Ltd.		1,378,182		210,283
	Asia Polymer Corp.		2,508,232		1,442,435
#	Asia Tech Image, Inc.		363,000		642,902
#	Asia Vital Components Co., Ltd.		2,098,058		2,837,953
	ASMedia Technology, Inc.		103,424		2,873,435
#	ASPEED Technology, Inc.		149,599		5,915,776
#	ASROCK, Inc.		215,000		838,281
	ATE Energy International Co., Ltd.		9,000		9,239
	Aten International Co., Ltd.		621,479		1,911,832
	Audix Corp.		555,600		756,193
#	AURAS Technology Co., Ltd.		378,148		2,175,706
	Aurona Industries, Inc.		444,000		247,244
	Aurora Corp.		469,349		1,414,684
	Avalue Technology, Inc.		320,000		745,744
	Avermedia Technologies		1,311,446		533,744
	AVY Precision Technology, Inc.		630,162		525,330
	Awea Mechantronic Co., Ltd.		246,210		251,644
	Axiomtek Co., Ltd.		395,000		720,426
# *	Azurewave Technologies, Inc.		457,000		221,648
	Bank of Kaohsiung Co., Ltd.		3,519,693		1,126,349
#	Baolong International Co., Ltd.		436,000		180,973
	Basso Industry Corp.		879,900		1,246,827
#	BenQ Materials Corp.		1,290,000		735,932

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
	BES Engineering Corp.		10,300,750	$	2,453,332
#	Bin Chuan Enterprise Co., Ltd.		565,070		457,664
	Bionet Corp.		132,000		147,068
	Bionime Corp.		209,000		473,280
# *	Biostar Microtech International Corp.		1,159,975		385,975
	Bioteque Corp.		380,308		1,444,599
#	Bizlink Holding, Inc.		842,492		5,489,358
*	Boardtek Electronics Corp.		893,000		581,474
	Bon Fame Co., Ltd.		135,000		198,812
	Bright Led Electronics Corp.		745,520		373,881
#	Brighton-Best International Taiwan, Inc.		1,504,318		1,301,819
	Brogent Technologies, Inc.		18,000		71,128
#	Browave Corp.		197,000		254,596
	C Sun Manufacturing, Ltd.		900,221		851,829
# *	Calin Technology Co., Ltd.		122,000		74,895
*	Cameo Communications, Inc.		1,625,818		360,302
	Capital Futures Corp.		838,895		1,106,181
	Capital Securities Corp.		14,723,501		4,843,761
#	Career Technology MFG. Co., Ltd.		2,999,843		2,823,235
	Carnival Industrial Corp.		740,353		198,234
#	Casetek Holdings, Ltd.		1,281,571		2,001,436
	Cathay Chemical Works		30,000		17,926
	Cathay Real Estate Development Co., Ltd.		4,070,700		2,693,894
#	Cayman Engley Industrial Co., Ltd.		237,099		498,779
#	CCP Contact Probes Co., Ltd.		137,000		140,307
	Celxpert Energy Corp.		590,000		558,658
#	Center Laboratories, Inc.		1,760,584		2,827,497
	Central Reinsurance Co., Ltd.		896,380		551,685
*	Chain Chon Industrial Co., Ltd.		1,146,000		309,573
#	ChainQui Construction Development Co., Ltd.		617,982		441,654
*	Champion Building Materials Co., Ltd.		2,286,851		379,207
	Chang Wah Electromaterials, Inc.		205,905		1,109,952
#	Chang Wah Technology Co., Ltd.		808,170		809,164
#	Channel Well Technology Co., Ltd.		1,263,000		984,071
	Chant Sincere Co., Ltd.		360,000		285,823
	Charoen Pokphand Enterprise		1,097,985		2,315,426
#	Chaun-Choung Technology Corp.		165,000		1,378,918
#	CHC Healthcare Group		668,000		804,354
	CHC Resources Corp.		517,282		787,786
#	Chen Full International Co., Ltd.		648,000		749,515
#	Chenbro Micom Co., Ltd.		459,000		1,391,544
	Cheng Loong Corp.		5,515,383		3,924,257
*	Cheng Mei Materials Technology Corp.		4,620,900		1,089,937
#	Cheng Uei Precision Industry Co., Ltd.		2,736,331		3,493,118
	Chenming Electronic Technology Corp.		667,437		282,583
#	Chia Chang Co., Ltd.		705,000		779,238
#	Chia Hsin Cement Corp.		2,754,121		1,583,180
	Chian Hsing Forging Industrial Co., Ltd.		242,000		315,689
#	Chicony Power Technology Co., Ltd.		1,171,454		2,288,966
#	Chieftek Precision Co., Ltd.		428,225		1,289,824
	Chien Kuo Construction Co., Ltd.		1,290,249		432,711
#	Chilisin Electronics Corp.		1,136,380		3,996,095
	Chime Ball Technology Co., Ltd.		203,840		209,694
	China Airlines, Ltd.		2,723,000		751,472
	China Bills Finance Corp.		5,884,000		2,891,576
	China Chemical & Pharmaceutical Co., Ltd.		1,734,000		1,231,519
	China Ecotek Corp.		214,000		234,112
	China Electric Manufacturing Corp.		2,055,510		885,556
#	China Fineblanking Technology Co., Ltd.		434,103		514,068

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
	China General Plastics Corp.		2,698,829	$	1,638,512
	China Glaze Co., Ltd.		310,002		92,585
	China Man-Made Fiber Corp.		12,340,799		2,681,412
	China Metal Products		1,987,603		1,679,057
	China Motor Corp.		1,152,600		1,223,055
#	China Petrochemical Development Corp.		23,745,150		6,407,812
	China Steel Chemical Corp.		1,020,554		3,588,773
#	China Steel Structure Co., Ltd.		601,000		429,721
	China Wire & Cable Co., Ltd.		663,160		615,597
	Chinese Maritime Transport, Ltd.		583,594		487,546
#	Ching Feng Home Fashions Co., Ltd.		794,409		698,095
	Chin-Poon Industrial Co., Ltd.		2,663,207		2,286,232
	Chipbond Technology Corp.		4,387,000		8,258,539
	ChipMOS Techinologies, Inc.		3,388,076		3,463,159
	ChipMOS Technologies, Inc., ADR		5,133		102,671
	Chlitina Holding, Ltd.		297,000		1,949,034
	Chong Hong Construction Co., Ltd.		1,302,665		3,586,486
	Chun YU Works & Co., Ltd.		1,367,000		793,894
	Chun Yuan Steel Industry Co., Ltd.		2,655,529		841,166
	Chung Hsin Electric & Machinery Manufacturing Corp.		2,531,375		2,140,499
#	Chung Hung Steel Corp.		6,781,979		1,762,140
	Chung Hwa Food Industrial Co., Ltd.		106,850		309,825
#	Chung Hwa Pulp Corp.		3,298,405		841,444
#	Chunghwa Chemical Synthesis & Biotech Co., Ltd.		139,000		237,341
	Chunghwa Precision Test Tech Co., Ltd.		9,000		194,861
*	Chuwa Wool Industry Co., Taiwan Ltd.		25,000		30,717
	Chyang Sheng Dyeing & Finishing Co., Ltd.		1,004,000		384,751
	Cleanaway Co., Ltd.		553,000		2,893,277
	Clevo Co.		3,489,200		3,842,381
# *	CMC Magnetics Corp.		8,253,498		2,166,084
	C-Media Electronics, Inc.		60,000		29,574
*	CoAsia Electronics Corp.		759,397		293,000
	Coland Holdings, Ltd.		321,000		223,416
	Collins Co., Ltd.		562,431		200,515
	Compeq Manufacturing Co., Ltd.		2,296,000		3,037,134
	Compucase Enterprise		514,000		457,887
# *	Concord Securities Co., Ltd.		4,209,723		985,067
#	Concraft Holding Co., Ltd.		315,516		1,342,199
#	Continental Holdings Corp.		2,969,320		1,098,590
#	Contrel Technology Co., Ltd.		948,000		467,939
#	Coremax Corp.		461,275		976,796
#	Coretronic Corp.		3,061,200		3,261,822
	Co-Tech Development Corp.		1,202,533		1,604,952
	Cowealth Medical Holding Co., Ltd.		186,640		192,918
#	Coxon Precise Industrial Co., Ltd.		734,000		299,813
	Creative Sensor, Inc.		696,000		427,733
*	Crowell Development Corp.		36,000		23,306
# *	CSBC Corp. Taiwan		1,616,676		1,186,764
	CTCI Corp.		3,442,000		3,805,557
	C-Tech United Corp.		151,971		85,727
#	Cub Elecparts, Inc.		358,887		1,704,116
	CviLux Corp.		498,040		398,095
	CX Technology Co., Ltd.		192,010		94,351
	Cyberlink Corp.		348,697		1,343,395
	CyberPower Systems, Inc.		304,000		847,366
#	CyberTAN Technology, Inc.		2,308,779		1,146,398
	Cypress Technology Co., Ltd.		241,700		611,903
	DA CIN Construction Co., Ltd.		1,226,711		881,688
	Dadi Early-Childhood Education Group, Ltd.		218,357		1,395,340

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
	Dafeng TV, Ltd.		445,870	$	623,809
#	Da-Li Development Co., Ltd.		1,205,382		1,184,171
*	Danen Technology Corp.		496,421		67,799
#	Darfon Electronics Corp.		1,478,550		1,836,721
#	Darwin Precisions Corp.		2,980,635		1,166,840
	Davicom Semiconductor, Inc.		546,888		314,711
	Daxin Materials Corp.		300,200		852,778
#	De Licacy Industrial Co., Ltd.		1,992,511		1,414,765
	Delpha Construction Co., Ltd.		767,931		461,772
	Depo Auto Parts Ind Co., Ltd.		755,000		1,182,680
*	Der Pao Construction Co., Ltd.		902,078		0
	Dimerco Data System Corp.		290,000		438,102
	Dimerco Express Corp.		762,000		635,676
#	D-Link Corp.		4,327,668		1,758,527
	Donpon Precision, Inc.		104,000		45,747
	Draytek Corp.		332,000		305,926
#	Dyaco International, Inc.		142,813		179,503
	DYNACOLOR, Inc.		245,000		269,003
# *	Dynamic Electronics Co., Ltd.		1,871,321		1,196,508
	Dynapack International Technology Corp.		968,000		2,304,534
	E Ink Holdings, Inc.		5,153,000		5,312,837
	Eastern Media International Corp.		2,737,511		1,208,312
	ECOVE Environment Corp.		185,000		1,303,711
*	Edimax Technology Co., Ltd.		1,215,108		354,557
	Edison Opto Corp.		798,000		339,335
	Edom Technology Co., Ltd.		1,168,968		644,885
	eGalax_eMPIA Technology, Inc.		355,131		572,583
#	Egis Technology, Inc.		402,000		2,548,424
	Elan Microelectronics Corp.		1,847,400		5,934,206
*	E-Lead Electronic Co., Ltd.		459,942		243,158
	E-LIFE MALL Corp.		488,000		1,098,494
#	Elite Advanced Laser Corp.		966,226		2,277,579
#	Elite Material Co., Ltd.		1,745,350		7,543,065
	Elite Semiconductor Memory Technology, Inc.		1,945,200		2,655,955
*	Elitegroup Computer Systems Co., Ltd.		2,554,254		930,668
	eMemory Technology, Inc.		458,000		4,307,057
#	Emerging Display Technologies Corp.		748,000		468,726
#	Ennoconn Corp.		362,378		2,344,809
#	EnTie Commercial Bank Co., Ltd.		2,292,603		1,125,158
#	Episil Holdings, Inc.		867,000		725,376
#	Episil-Precision, Inc.		183,000		315,740
#	Epistar Corp.		7,963,000		10,137,948
	Eslite Spectrum Corp. (The)		72,000		206,051
	Eson Precision Ind. Co., Ltd.		542,000		537,865
	Eternal Materials Co., Ltd.		5,467,985		4,902,793
*	Etron Technology, Inc.		2,841,000		627,850
#	Eurocharm Holdings Co., Ltd.		197,000		646,857
# *	Everest Textile Co., Ltd.		2,995,696		759,079
	Evergreen International Storage & Transport Corp.		3,856,000		1,705,199
	Everlight Chemical Industrial Corp.		3,232,606		1,523,217
	Everlight Electronics Co., Ltd.		3,000,000		3,253,719
*	Everspring Industry Co., Ltd.		921,000		244,163
#	Excellence Opto, Inc.		72,000		45,898
	Excelsior Medical Co., Ltd.		721,209		1,302,301
	EZconn Corp.		352,800		428,399
	Far Eastern Department Stores, Ltd.		7,944,000		6,141,284
	Far Eastern International Bank		16,499,659		5,872,248
#	Faraday Technology Corp.		1,080,305		1,553,109
#	Farglory F T Z Investment Holding Co., Ltd.		796,957		591,563

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
	Farglory Land Development Co., Ltd.		2,154,000	$	3,091,189
*	Federal Corp.		3,135,238		1,720,275
	Feedback Technology Corp.		247,200		417,512
	Feng Hsin Steel Co., Ltd.		3,137,100		5,484,295
	Firich Enterprises Co., Ltd.		169,000		162,438
# *	First Copper Technology Co., Ltd.		1,084,000		272,366
	First Hi-Tec Enterprise Co., Ltd.		450,205		630,158
	First Hotel		1,106,350		487,686
	First Insurance Co., Ltd. (The)		1,450,179		685,628
	First Steamship Co., Ltd.		3,513,424		1,206,596
	FIT Holding Co., Ltd.		485,456		214,378
#	FLEXium Interconnect, Inc.		2,229,087		8,022,462
	Flytech Technology Co., Ltd.		813,309		1,861,334
#	FocalTech Systems Co., Ltd.		2,021,048		2,171,590
	FOCI Fiber Optic Communications, Inc.		199,000		171,999
	Forest Water Environment Engineering Co., Ltd.		327,133		464,065
	Formosa Advanced Technologies Co., Ltd.		1,046,000		1,311,620
	Formosa International Hotels Corp.		347,329		1,638,712
#	Formosa Laboratories, Inc.		630,089		1,056,164
#	Formosa Oilseed Processing Co., Ltd.		475,567		620,570
	Formosa Optical Technology Co., Ltd.		160,000		337,587
	Formosan Rubber Group, Inc.		2,198,952		1,322,956
	Formosan Union Chemical		2,374,733		1,009,274
#	Fortune Electric Co., Ltd.		899,078		797,221
#	Founding Construction & Development Co., Ltd.		1,138,623		596,378
	Foxsemicon Integrated Technology, Inc.		415,027		2,260,576
	Froch Enterprise Co., Ltd.		1,171,189		411,252
	FSP Technology, Inc.		1,001,427		815,097
#	Fulgent Sun International Holding Co., Ltd.		716,033		2,319,637
	Fullerton Technology Co., Ltd.		668,600		414,463
#	Fulltech Fiber Glass Corp.		2,512,313		893,829
#	Fwusow Industry Co., Ltd.		867,138		544,225
	G Shank Enterprise Co., Ltd.		952,281		648,891
*	G Tech Optoelectronics Corp.		749,354		159,624
#	Gallant Precision Machining Co., Ltd.		1,027,000		631,225
	Gamania Digital Entertainment Co., Ltd.		787,000		1,388,711
#	GCS Holdings, Inc.		520,000		923,203
#	GEM Services, Inc.		391,570		742,501
# *	Gemtek Technology Corp.		2,301,219		1,593,687
#	General Interface Solution Holding, Ltd.		1,742,000		5,533,820
#	General Plastic Industrial Co., Ltd.		410,357		397,828
	Generalplus Technology, Inc.		385,000		381,287
	Genesys Logic, Inc.		538,000		599,255
	Genius Electronic Optical Co., Ltd.		278,917		4,483,157
	Genmont Biotech, Inc.		299,000		240,390
	Genovate Biotechnology Co., Ltd.		268,800		250,590
*	GeoVision, Inc.		510,096		361,129
	Getac Technology Corp.		2,713,360		4,043,184
# *	Giantplus Technology Co., Ltd.		1,722,900		543,877
	Gigabyte Technology Co., Ltd.		3,454,800		5,982,389
*	Gigasolar Materials Corp.		187,880		577,460
*	Gigastorage Corp.		1,532,522		511,297
	Ginko International Co., Ltd.		331,000		1,734,393
	Global Brands Manufacture, Ltd.		2,008,359		952,261
#	Global Lighting Technologies, Inc.		414,000		1,764,223
#	Global Mixed Mode Technology, Inc.		460,000		2,007,121
#	Global PMX Co., Ltd.		248,000		1,160,479
#	Global Unichip Corp.		540,000		4,339,253
	Globe Union Industrial Corp.		1,431,914		632,672

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


			Shares		Value»
TAIWAN — (Continued)
#		Gloria Material Technology Corp.		3,572,547	$	1,927,838
*		GlycoNex, Inc.		258,000		126,904
# *		Gold Circuit Electronics, Ltd.		2,626,227		2,886,263
		Golden Friends Corp.		250,600		478,988
		Goldsun Building Materials Co., Ltd.		7,831,722		3,594,790
#		Good Will Instrument Co., Ltd.		369,869		295,498
#		Gourmet Master Co., Ltd.		599,000		1,923,522
		Grand Fortune Securities Co., Ltd.		1,345,000		368,017
		Grand Ocean Retail Group, Ltd.		590,000		480,364
# *		Grand Pacific Petrochemical		6,648,000		3,330,788
		Grand Plastic Technology Corp.		133,000		1,017,520
		GrandTech CG Systems, Inc.		360,750		488,881
		Grape King Bio, Ltd.		747,000		4,947,282
		Great China Metal Industry		1,112,000		791,765
		Great Taipei Gas Co., Ltd.		1,953,000		1,986,902
		Great Wall Enterprise Co., Ltd.		4,249,311		5,879,201
		Greatek Electronics, Inc.		2,003,000		3,037,970
*		Green Energy Technology, Inc.		1,570,850		3,170
#		GTM Holdings Corp.		834,150		581,838
#		Hannstar Board Corp.		2,191,934		2,911,673
#		HannStar Display Corp.		18,921,505		3,964,154
# *		HannsTouch Solution, Inc.		3,731,782		1,384,058
		Hanpin Electron Co., Ltd.		386,000		369,582
		Harvatek Corp.		1,000,949		400,047
		Hey Song Corp.		2,037,750		2,212,398
		Hi-Clearance, Inc.		154,964		544,771
		Highlight Tech Corp.		509,000		417,068
		HIM International Music, Inc.		105,710		400,079
		Hiroca Holdings, Ltd.		470,448		876,729
#		Hitron Technology, Inc.		721,557		481,621
		Ho Tung Chemical Corp.		6,469,684		1,606,458
		Hocheng Corp.		2,053,700		510,830
		Hold-Key Electric Wire & Cable Co., Ltd.		205,908		53,061
		Holiday Entertainment Co., Ltd.		559,800		1,190,647
		Holtek Semiconductor, Inc.		1,194,000		2,650,832
#		Holy Stone Enterprise Co., Ltd.		942,910		3,895,011
		Hong Pu Real Estate Development Co., Ltd.		1,525,185		1,120,072
		Hong TAI Electric Industrial		1,520,000		536,715
#		Hong YI Fiber Industry Co.		1,058,652		614,093
# *		Horizon Securities Co., Ltd.		2,884,000		576,975
#		Hota Industrial Manufacturing Co., Ltd.		1,374,932		4,320,270
		Hotron Precision Electronic Industrial Co., Ltd.		351,439		484,604
		Hsin Kuang Steel Co., Ltd.		1,806,443		1,442,028
		Hsin Yung Chien Co., Ltd.		255,505		684,346
		Hsing TA Cement Co.		488,162		287,999
#	��	Hu Lane Associate, Inc.		488,866		1,171,907
*		HUA ENG Wire & Cable Co., Ltd.		2,723,565		883,946
		Hua Yu Lien Development Co., Ltd.		30,000		37,796
		Huaku Development Co., Ltd.		1,648,816		5,016,607
		Huang Hsiang Construction Corp.		801,800		899,227
		Hung Ching Development & Construction Co., Ltd.		1,206,000		820,734
		Hung Sheng Construction, Ltd.		3,681,064		2,181,428
		Huxen Corp.		276,244		487,089
*		Hwa Fong Rubber Industrial Co., Ltd.		1,821,890		741,352
		Hwacom Systems, Inc.		442,000		212,563
#		Ibase Technology, Inc.		919,206		1,170,349
		IBF Financial Holdings Co., Ltd.		16,122,731		5,907,478
		Ichia Technologies, Inc.		1,948,000		874,568
*		I-Chiun Precision Industry Co., Ltd.		1,223,313		306,526

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
*	Ideal Bike Corp.		82,813	$	13,352
	IEI Integration Corp.		819,832		964,863
	Infortrend Technology, Inc.		1,330,163		522,593
	Info-Tek Corp.		478,000		287,994
	Innodisk Corp.		430,121		2,672,398
	Inpaq Technology Co., Ltd.		437,950		463,140
	Insyde Software Corp.		114,000		232,573
	Intai Technology Corp.		184,000		763,980
# *	Integrated Service Technology, Inc.		595,326		900,576
	IntelliEPI, Inc.		212,000		355,809
#	International CSRC Investment Holdings Co.		5,416,363		3,817,807
#	International Games System Co., Ltd.		305,000		5,679,738
	Iron Force Industrial Co., Ltd.		324,393		996,066
	I-Sheng Electric Wire & Cable Co., Ltd.		757,000		1,112,746
	ITE Technology, Inc.		1,045,095		1,642,707
#	ITEQ Corp.		1,389,047		6,704,910
*	J Touch Corp.		11,000		0
#	Jarllytec Co., Ltd.		392,000		924,379
#	Jentech Precision Industrial Co., Ltd.		499,868		3,618,710
	Jess-Link Products Co., Ltd.		681,925		713,051
#	Jih Lin Technology Co., Ltd.		324,000		488,566
	Jih Sun Financial Holdings Co., Ltd.		11,572,434		3,654,495
#	Jinan Acetate Chemical Co., Ltd.		53,900		201,562
	Jinli Group Holdings, Ltd.		965,681		242,290
	JMC Electronics Co., Ltd.		208,000		389,435
	Johnson Health Tech Co., Ltd.		100,000		218,475
#	Jourdeness Group, Ltd.		190,000		520,271
#	K Laser Technology, Inc.		939,000		445,652
#	Kaimei Electronic Corp.		801,756		914,883
	Kaori Heat Treatment Co., Ltd.		499,197		1,064,581
	Kaulin Manufacturing Co., Ltd.		821,330		351,927
	KEE TAI Properties Co., Ltd.		2,771,473		906,469
	Kenda Rubber Industrial Co., Ltd.		1,604,000		1,425,193
#	Kenmec Mechanical Engineering Co., Ltd.		1,228,000		629,224
	Kerry TJ Logistics Co., Ltd.		1,425,000		1,955,116
# *	Key Ware Electronics Co., Ltd.		266,244		93,122
	Kindom Development Co., Ltd.		2,293,000		2,004,766
	King Chou Marine Technology Co., Ltd.		442,920		451,576
	King Slide Works Co., Ltd.		176,000		1,830,337
	King Yuan Electronics Co., Ltd.		6,784,979		8,133,024
	Kingpak Technology, Inc.		239,773		1,147,112
	King’s Town Bank Co., Ltd.		5,218,701		5,578,295
*	King’s Town Construction Co., Ltd.		640,074		727,312
	Kinik Co.		723,000		1,422,472
*	Kinko Optical Co., Ltd.		857,000		657,448
	Kinpo Electronics		8,447,157		3,663,871
	Kinsus Interconnect Technology Corp.		1,928,000		3,372,601
	KMC Kuei Meng International, Inc.		424,253		1,219,390
#	KNH Enterprise Co., Ltd.		589,020		607,170
	KS Terminals, Inc.		879,482		1,123,796
	Kung Long Batteries Industrial Co., Ltd.		416,000		2,025,433
# *	Kung Sing Engineering Corp.		2,500,991		763,500
	Kuo Toong International Co., Ltd.		1,783,648		1,030,540
#	Kuoyang Construction Co., Ltd.		2,888,621		2,489,103
	Kwong Fong Industries Corp.		593,691		215,305
	Kwong Lung Enterprise Co., Ltd.		454,000		623,213
#	KYE Systems Corp.		1,720,672		465,532
	L&K Engineering Co., Ltd.		1,152,048		985,145
#	La Kaffa International Co., Ltd.		106,701		532,542

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
*	LAN FA Textile		1,477,933	$	341,801
#	Land Mark Optoelectronics Corp.		492,300		4,595,301
#	Lanner Electronics, Inc.		644,916		1,261,552
	Laser Tek Taiwan Co., Ltd.		484,504		361,351
	Laster Tech Corp., Ltd.		199,589		164,642
	Leader Electronics, Inc.		262,000		56,485
#	Lealea Enterprise Co., Ltd.		5,353,892		1,277,431
	Ledlink Optics, Inc.		251,300		197,939
#	LEE CHI Enterprises Co., Ltd.		1,287,000		320,246
#	Lelon Electronics Corp.		457,300		614,678
#	Lemtech Holdings Co., Ltd.		150,982		406,644
*	Leofoo Development Co., Ltd.		882,563		324,857
*	LES Enphants Co., Ltd.		986,754		203,101
#	Lextar Electronics Corp.		2,189,500		1,280,792
	Li Cheng Enterprise Co., Ltd.		599,184		643,144
	Li Peng Enterprise Co., Ltd.		4,888,897		999,251
#	Lian HWA Food Corp.		480,956		664,530
	Lida Holdings, Ltd.		336,400		360,731
	Lien Hwa Industrial Holdings Corp.		4,215,666		6,072,658
	Lifestyle Global Enterprise, Inc.		128,000		277,744
	Lingsen Precision Industries, Ltd.		2,607,506		866,456
	Lion Travel Service Co., Ltd.		258,000		614,569
	Lite-On Semiconductor Corp.		1,698,539		2,353,093
	Long Bon International Co., Ltd.		1,483,274		705,770
#	Longchen Paper & Packaging Co., Ltd.		5,001,993		2,228,001
#	Longwell Co.		823,000		1,711,536
	Lotes Co., Ltd.		467,923		5,208,363
*	Lotus Pharmaceutical Co., Ltd.		189,000		470,768
	Lu Hai Holding Corp.		312,024		402,092
*	Lucky Cement Corp.		1,542,000		388,192
	Lumax International Corp., Ltd.		587,592		1,276,074
	Lung Yen Life Service Corp.		1,263,000		2,369,106
*	LuxNet Corp.		660,501		420,445
	Macauto Industrial Co., Ltd.		390,000		893,274
#	Machvision, Inc.		211,000		2,361,609
#	Macroblock, Inc.		259,010		804,416
#	Makalot Industrial Co., Ltd.		1,309,010		5,573,644
#	Marketech International Corp.		227,000		560,559
#	Materials Analysis Technology, Inc.		291,041		734,213
	Mayer Steel Pipe Corp.		908,567		540,490
	Maywufa Co., Ltd.		69,322		30,299
	Mechema Chemicals International Corp.		245,000		451,833
	Meiloon Industrial Co.		734,730		517,979
	Mercuries & Associates Holding, Ltd.		2,695,696		1,981,072
*	Mercuries Life Insurance Co., Ltd.		8,263,820		2,654,973
	Merry Electronics Co., Ltd.		1,238,216		5,779,795
*	Microbio Co., Ltd.		2,741,607		1,784,735
	Microelectronics Technology, Inc.		367,655		259,612
	Mildef Crete, Inc.		340,000		537,228
*	MIN AIK Technology Co., Ltd.		1,087,452		458,945
#	Mirle Automation Corp.		1,131,098		1,267,148
	Mitac Holdings Corp.		5,541,213		5,634,705
	Mobiletron Electronics Co., Ltd.		461,800		416,658
	momo.com, Inc.		116,000		1,870,691
#	Mosel Vitelic, Inc.		278,486		227,495
*	Motech Industries, Inc.		3,561,731		645,223
	MPI Corp.		416,000		917,840
#	Nak Sealing Technologies Corp.		401,954		895,792
	Namchow Holdings Co., Ltd.		1,152,000		1,747,946

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
#	Nan Kang Rubber Tire Co., Ltd.		3,290,952	$	4,406,048
#	Nan Liu Enterprise Co., Ltd.		265,000		1,929,793
	Nan Ren Lake Leisure Amusement Co., Ltd.		988,000		293,478
#	Nan Ya Printed Circuit Board Corp.		1,598,000		3,784,646
	Nang Kuang Pharmaceutical Co., Ltd.		355,000		536,079
	Nantex Industry Co., Ltd.		1,801,606		1,824,618
	National Aerospace Fasteners Corp.		105,000		214,253
	National Petroleum Co., Ltd.		227,824		335,047
	Netronix, Inc.		424,000		479,718
*	New Asia Construction & Development Corp.		338,835		53,323
	New Best Wire Industrial Co., Ltd.		195,600		160,520
#	New Era Electronics Co., Ltd.		312,000		154,019
	Nexcom International Co., Ltd.		707,094		528,927
	Nichidenbo Corp.		1,187,417		1,937,189
	Nien Hsing Textile Co., Ltd.		921,345		491,839
	Niko Semiconductor Co., Ltd.		357,000		439,051
	Nishoku Technology, Inc.		225,400		448,253
#	Nova Technology Corp.		70,000		355,198
	Nuvoton Technology Corp.		709,127		890,434
*	O-Bank Co., Ltd.		1,862,000		453,207
# *	Ocean Plastics Co., Ltd.		1,107,200		1,110,573
#	OK Biotech Co., Ltd.		124,000		116,902
	On-Bright Electronics, Inc.		240,052		1,834,153
#	OptoTech Corp.		2,515,804		1,805,062
	Orient Europharma Co., Ltd.		267,000		385,020
*	Orient Semiconductor Electronics, Ltd.		3,052,599		1,250,240
#	Oriental Union Chemical Corp.		4,346,267		2,452,444
	O-TA Precision Industry Co., Ltd.		282,227		401,754
	Pacific Construction Co.		1,868,921		569,271
	Pacific Hospital Supply Co., Ltd.		407,000		1,085,500
#	Paiho Shih Holdings Corp.		939,365		970,830
#	Pan Jit International, Inc.		2,159,486		1,757,645
	Pan-International Industrial Corp.		2,976,747		1,887,668
#	Panion & BF Biotech, Inc.		186,000		744,740
# *	Paragon Technologies Co., Ltd.		443,246		428,625
	Parpro Corp.		233,000		211,000
# *	PChome Online, Inc.		223,000		735,996
#	PCL Technologies, Inc.		310,810		1,160,111
	P-Duke Technology Co., Ltd.		359,950		843,670
#	Pharmally International Holding Co., Ltd.		441,605		2,405,016
*	Phihong Technology Co., Ltd.		2,234,401		547,355
#	Phoenix Tours International, Inc.		276,322		296,536
	Pixart Imaging, Inc.		849,150		4,970,220
	Planet Technology Corp.		196,000		408,991
	Plastron Precision Co., Ltd.		627,460		311,752
#	Plotech Co., Ltd.		684,000		421,238
#	Polytronics Technology Corp.		377,027		773,197
	Posiflex Technology, Inc.		152,457		466,319
#	Power Wind Health Industry, Inc.		204,524		1,145,782
	Poya International Co., Ltd.		320,098		5,349,845
	President Securities Corp.		6,142,524		2,760,211
	Primax Electronics, Ltd.		2,672,000		4,178,515
#	Prince Housing & Development Corp.		8,661,644		2,934,272
*	Princeton Technology Corp.		1,016,000		215,652
	Pro Hawk Corp.		118,000		594,208
*	Prodisc Technology, Inc.		1,707,199		0
	Promate Electronic Co., Ltd.		1,118,000		1,241,696
*	Promise Technology, Inc.		1,010,160		170,663
#	Prosperity Dielectrics Co., Ltd.		715,559		1,416,490

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
	P-Two Industries, Inc.		46,500	$	31,770
	Qisda Corp.		7,208,900		4,064,503
	QST International Corp.		398,000		612,980
	Qualipoly Chemical Corp.		626,048		548,817
#	Quang Viet Enterprise Co., Ltd.		256,000		1,080,507
#	Quanta Storage, Inc.		1,493,000		1,741,598
	Quintain Steel Co., Ltd.		1,622,823		347,585
	Radiant Opto-Electronics Corp.		1,485,000		4,873,767
	Radium Life Tech Co., Ltd.		5,311,242		1,871,418
	Rafael Microelectronics, Inc.		145,000		609,364
	Rechi Precision Co., Ltd.		2,387,181		1,366,539
#	Rexon Industrial Corp., Ltd.		519,000		1,246,931
	Rich Development Co., Ltd.		4,259,036		1,328,181
#	RichWave Technology Corp.		339,900		2,026,243
*	Right WAY Industrial Co., Ltd.		119,384		51,631
*	Ritek Corp.		8,749,924		1,466,103
# *	Roo Hsing Co., Ltd.		3,837,000		1,189,059
*	Rotam Global Agrosciences, Ltd.		497,268		241,726
	Ruentex Development Co., Ltd.		565,000		840,896
	Ruentex Engineering & Construction Co.		215,000		443,376
	Ruentex Industries, Ltd.		1,991,000		4,559,955
	Run Long Construction Co., Ltd.		57,000		112,956
*	Sagittarius Life Science Corp.		37,889		47,453
#	Samebest Co., Ltd.		168,420		372,343
	Sampo Corp.		2,372,861		1,530,593
	San Fang Chemical Industry Co., Ltd.		1,266,647		1,005,105
	San Far Property, Ltd.		540,761		299,414
	San Shing Fastech Corp.		790,875		1,232,700
	Sanitar Co., Ltd.		311,000		306,397
	Sanyang Motor Co., Ltd.		4,145,628		2,742,851
#	SCI Pharmtech, Inc.		331,395		1,482,134
#	Scientech Corp.		329,000		518,795
	SciVision Biotech, Inc.		42,000		87,467
	SDI Corp.		937,000		1,511,099
	Sea Sonic Electronics Co., Ltd.		45,000		62,283
#	Senao International Co., Ltd.		703,541		686,227
	Senao Networks, Inc.		172,000		612,842
#	Sercomm Corp.		1,583,000		3,955,662
	Sesoda Corp.		1,309,047		1,065,603
	Shan-Loong Transportation Co., Ltd.		527,000		520,681
#	Sharehope Medicine Co., Ltd.		499,612		771,591
	Sheng Yu Steel Co., Ltd.		833,980		452,251
	ShenMao Technology, Inc.		564,891		367,002
	Shieh Yih Machinery Industry Co., Ltd.		166,000		60,450
	Shih Her Technologies, Inc.		284,000		369,174
*	Shih Wei Navigation Co., Ltd.		1,334,081		261,518
#	Shihlin Electric & Engineering Corp.		1,755,000		2,488,019
	Shin Hai Gas Corp.		1,245		1,738
	Shin Zu Shing Co., Ltd.		1,003,144		4,401,834
# *	Shinih Enterprise Co., Ltd.		71,000		53,640
*	Shining Building Business Co., Ltd.		2,989,814		904,874
#	Shinkong Insurance Co., Ltd.		1,416,131		1,749,002
	Shinkong Synthetic Fibers Corp.		8,824,395		3,240,297
	Shinkong Textile Co., Ltd.		979,542		1,348,511
	Shiny Chemical Industrial Co., Ltd.		447,031		1,424,383
*	Shuttle, Inc.		2,391,152		807,712
	Sigurd Microelectronics Corp.		2,867,907		3,492,039
*	Silicon Integrated Systems Corp.		3,205,887		1,232,827
	Simplo Technology Co., Ltd.		487,800		5,066,089

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
	Sinbon Electronics Co., Ltd.		1,461,813	$	7,115,506
	Sincere Navigation Corp.		2,353,139		1,163,539
	Single Well Industrial Corp.		79,224		45,935
	Sinher Technology, Inc.		332,000		435,933
	Sinmag Equipment Corp.		260,056		824,299
#	Sinon Corp.		2,943,510		1,859,261
	Sinopower Semiconductor, Inc.		41,000		118,567
	Sinphar Pharmaceutical Co., Ltd.		1,041,938		680,234
	Sinyi Realty Co.		1,539,660		1,363,474
	Sirtec International Co., Ltd.		697,600		672,135
	Sitronix Technology Corp.		720,879		3,504,877
#	Siward Crystal Technology Co., Ltd.		1,106,000		742,101
	Soft-World International Corp.		661,000		1,848,319
# *	Solar Applied Materials Technology Co.		1,849,207		1,197,349
	Solomon Technology Corp.		786,000		498,265
	Solteam, Inc.		450,034		365,137
	Song Shang Electronics Co., Ltd.		172,520		65,152
	Sonix Technology Co., Ltd.		929,000		1,429,383
	Southeast Cement Co., Ltd.		1,004,700		541,072
# *	Speed Tech Corp.		435,000		996,502
	Spirox Corp.		581,824		548,111
	Sporton International, Inc.		444,192		2,931,003
	St Shine Optical Co., Ltd.		298,000		3,474,697
#	Standard Chemical & Pharmaceutical Co., Ltd.		621,571		810,132
	Stark Technology, Inc.		657,688		1,336,406
	Sun Race Sturmey-Archer, Inc.		39,000		24,712
	Sun Yad Construction Co., Ltd.		210,000		74,082
*	Sunko INK Co., Ltd.		865,000		293,052
#	SunMax Biotechnology Co., Ltd.		89,000		200,969
	Sunny Friend Environmental Technology Co., Ltd.		402,000		3,478,306
#	Sunonwealth Electric Machine Industry Co., Ltd.		1,335,487		1,742,938
	Sunplus Technology Co., Ltd.		3,777,000		1,334,103
	Sunrex Technology Corp.		777,612		861,813
	Sunspring Metal Corp.		652,000		468,932
	Sunty Development Co., Ltd.		42,000		18,654
	Supreme Electronics Co., Ltd.		2,495,508		2,802,754
#	Swancor Holding Co., Ltd.		505,206		1,223,470
	Sweeten Real Estate Development Co., Ltd.		730,061		495,875
#	Symtek Automation Asia Co., Ltd.		315,069		630,229
	Syncmold Enterprise Corp.		695,750		1,817,888
#	Synmosa Biopharma Corp.		731,601		558,543
	Sysage Technology Co., Ltd.		721,041		853,569
*	Sysgration		945,256		737,926
	Systex Corp.		1,183,388		3,217,870
	T3EX Global Holdings Corp.		657,117		481,499
#	TA Chen Stainless Pipe		4,962,251		4,408,561
	Ta Liang Technology Co., Ltd.		352,000		478,573
	Ta Ya Electric Wire & Cable		4,172,318		1,371,014
	Ta Yih Industrial Co., Ltd.		199,000		385,650
#	Tah Hsin Industrial Corp.		534,600		879,471
	TAI Roun Products Co., Ltd.		201,000		71,453
#	TA-I Technology Co., Ltd.		620,788		1,654,337
*	Tai Tung Communication Co., Ltd.		604,197		330,325
	Taichung Commercial Bank Co., Ltd.		18,267,514		6,997,109
	TaiDoc Technology Corp.		334,470		2,131,273
	Taiflex Scientific Co., Ltd.		1,353,340		2,103,505
#	Taimide Tech, Inc.		686,262		847,290
#	Tainan Enterprises Co., Ltd.		719,370		500,093
#	Tainan Spinning Co., Ltd.		9,436,044		2,890,018

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
*	Tainergy Tech Co., Ltd.		887,405	$	443,694
	Tainet Communication System Corp.		66,000		110,077
#	Tai-Saw Technology Co., Ltd.		235,120		167,385
#	TaiSol Electronics Co., Ltd.		63,000		202,472
#	Taisun Enterprise Co., Ltd.		1,636,648		1,286,879
	Taita Chemical Co., Ltd.		1,397,570		460,107
#	Taiwan Chinsan Electronic Industrial Co., Ltd.		670,935		715,933
	Taiwan Cogeneration Corp.		2,555,566		2,821,191
	Taiwan Fertilizer Co., Ltd.		183,000		282,029
	Taiwan Fire & Marine Insurance Co., Ltd.		1,376,338		913,617
#	Taiwan FU Hsing Industrial Co., Ltd.		1,131,000		1,515,190
	Taiwan Glass Industry Corp.		660,000		198,448
	Taiwan Hon Chuan Enterprise Co., Ltd.		1,885,468		3,434,947
	Taiwan Hopax Chemicals Manufacturing Co., Ltd.		1,223,120		730,925
*	Taiwan Kolin Co., Ltd.		1,356,000		0
*	Taiwan Land Development Corp.		5,338,991		1,236,847
	Taiwan Line Tek Electronic		424,306		370,626
	Taiwan Mask Corp.		197,000		194,721
	Taiwan Navigation Co., Ltd.		1,288,777		692,974
	Taiwan Optical Platform Co., Ltd.		9,547		36,594
	Taiwan Paiho, Ltd.		1,739,287		3,986,376
	Taiwan PCB Techvest Co., Ltd.		1,951,238		2,199,407
*	Taiwan Prosperity Chemical Corp.		457,000		134,180
	Taiwan Pulp & Paper Corp.		2,048,980		1,418,481
	Taiwan Sakura Corp.		1,351,803		2,138,203
	Taiwan Sanyo Electric Co., Ltd.		417,400		427,405
	Taiwan Secom Co., Ltd.		111,000		328,322
	Taiwan Semiconductor Co., Ltd.		1,622,000		2,072,423
	Taiwan Shin Kong Security Co., Ltd.		1,738,710		2,115,158
	Taiwan Steel Union Co., Ltd.		18,000		38,115
#	Taiwan Styrene Monomer		3,405,209		1,925,646
#	Taiwan Surface Mounting Technology Corp.		1,753,388		5,259,469
	Taiwan Taxi Co., Ltd.		69,740		177,714
#	Taiwan TEA Corp.		5,403,897		2,587,286
	Taiwan Union Technology Corp.		1,584,000		7,141,204
	Taiyen Biotech Co., Ltd.		670,883		700,414
*	Tatung Co., Ltd.		6,286,015		4,516,809
	Tayih Lun An Co., Ltd.		315,890		180,342
	TCI Co., Ltd.		454,746		3,473,892
	Te Chang Construction Co., Ltd.		334,206		326,933
	Tehmag Foods Corp.		145,800		1,037,002
	Ten Ren Tea Co., Ltd.		164,980		199,519
	Tera Autotech Corp.		85,000		63,925
	Test Research, Inc.		1,047,820		1,814,755
	Test-Rite International Co., Ltd.		1,866,495		1,202,487
*	Tex-Ray Industrial Co., Ltd.		803,000		289,743
#	Thinking Electronic Industrial Co., Ltd.		476,204		1,338,298
	Thye Ming Industrial Co., Ltd.		1,075,669		1,102,700
	Ton Yi Industrial Corp.		5,498,644		1,688,507
#	Tong Hsing Electronic Industries, Ltd.		1,015,963		4,123,150
	Tong Yang Industry Co., Ltd.		2,686,741		3,211,103
	Tong-Tai Machine & Tool Co., Ltd.		1,477,892		655,544
	TOPBI International Holdings, Ltd.		544,922		1,275,977
	Topco Scientific Co., Ltd.		1,164,087		4,001,777
	Topco Technologies Corp.		283,720		625,510
	Topkey Corp.		262,000		972,349
#	Topoint Technology Co., Ltd.		987,898		643,095
	Toung Loong Textile Manufacturing		632,000		571,648
*	TPK Holding Co., Ltd.		2,435,000		3,406,369

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
	Trade-Van Information Services Co.		255,000	$	361,169
	Transart Graphics Co., Ltd.		18,000		32,658
	Transcend Information, Inc.		1,147,000		2,708,822
*	TrueLight Corp.		14,100		15,793
	Tsang Yow Industrial Co., Ltd.		375,000		187,275
	Tsann Kuen Enterprise Co., Ltd.		357,686		191,154
	TSC Auto ID Technology Co., Ltd.		173,470		1,175,739
*	TSEC Corp.		2,208,432		410,719
#	TSRC Corp.		4,178,200		2,269,101
	Ttet Union Corp.		263,000		1,040,217
	TTFB Co., Ltd.		60,000		457,724
	TTY Biopharm Co., Ltd.		1,502,979		3,566,037
	Tung Ho Steel Enterprise Corp.		5,945,000		4,590,190
# *	Tung Thih Electronic Co., Ltd.		466,600		743,774
	TURVO International Co., Ltd.		395,922		781,348
	TXC Corp.		2,077,053		4,476,815
	TYC Brother Industrial Co., Ltd.		1,350,980		1,089,632
# *	Tycoons Group Enterprise		2,822,767		391,344
	Tyntek Corp.		2,041,039		870,615
	UDE Corp.		456,000		310,858
	Ultra Chip, Inc.		426,000		309,610
	U-Ming Marine Transport Corp.		3,133,000		3,098,036
# *	Union Bank Of Taiwan		9,125,311		3,266,109
#	Union Insurance Co., Ltd.		425,660		282,476
	Unitech Computer Co., Ltd.		646,804		504,040
	Unitech Printed Circuit Board Corp.		3,824,937		2,882,257
#	United Integrated Services Co., Ltd.		964,951		6,091,765
	United Orthopedic Corp.		612,935		681,726
#	United Radiant Technology		685,000		297,513
*	United Renewable Energy Co., Ltd.		16,920,108		2,967,791
*	Unity Opto Technology Co., Ltd.		2,760,500		382,468
	Univacco Technology, Inc.		32,000		25,469
	Universal Cement Corp.		2,913,433		1,716,855
#	Universal Microwave Technology, Inc.		349,534		870,487
# *	Unizyx Holding Corp.		2,042,430		1,072,726
	UPC Technology Corp.		6,664,124		2,231,099
	Userjoy Technology Co., Ltd.		240,487		765,900
	USI Corp.		6,493,156		2,700,435
*	Usun Technology Co., Ltd.		295,200		217,155
#	Utechzone Co., Ltd.		394,000		645,525
	Ve Wong Corp.		660,696		615,321
#	VHQ Media Holdings, Ltd.		118,000		344,056
	Victory New Materials, Ltd. Co.		964,832		325,407
	Visual Photonics Epitaxy Co., Ltd.		1,072,772		3,153,244
#	Vivotek, Inc.		184,704		443,521
#	Wafer Works Corp.		2,761,548		2,999,739
	Waffer Technology Corp.		780,000		286,224
	Wah Hong Industrial Corp.		144,021		113,923
	Wah Lee Industrial Corp.		1,184,000		2,152,002
	Walsin Lihwa Corp.		429,000		188,233
	Walton Advanced Engineering, Inc.		1,992,197		696,896
	Wan Hai Lines, Ltd.		662,000		373,096
	WAN HWA Enterprise Co.		721,238		284,901
# *	Ways Technical Corp., Ltd.		189,000		127,150
*	We & Win Development Co., Ltd.		161,000		52,538
	We&Win Diversification Co., Ltd.		95,000		41,356
	Wei Chuan Foods Corp.		1,918,000		1,398,263
*	Wei Mon Industry Co., Ltd.		3,075,282		0
	Weikeng Industrial Co., Ltd.		2,246,459		1,123,385

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TAIWAN — (Continued)
	Well Shin Technology Co., Ltd.		625,000	$	937,224
#	Weltrend Semiconductor		182,000		161,964
# *	Wha Yu Industrial Co., Ltd.		301,000		139,983
	Wholetech System Hitech, Ltd.		207,000		187,367
	Winmate, Inc.		223,000		393,162
	Winstek Semiconductor Co., Ltd.		435,000		347,853
*	Wintek Corp.		5,447,000		62,848
	Wisdom Marine Lines Co., Ltd.		2,678,953		2,253,046
	Wistron NeWeb Corp.		2,044,155		4,254,799
	Wowprime Corp.		436,000		980,968
#	WT Microelectronics Co., Ltd.		1,650,450		2,124,342
#	WUS Printed Circuit Co., Ltd.		1,333,930		1,358,934
	XAC Automation Corp.		520,000		437,954
*	XinTec, Inc.		108,000		293,366
# *	X-Legend Entertainment Co., Ltd.		106,000		228,072
	XPEC Entertainment, Inc.		192,135		16,024
	Xxentria Technology Materials Corp.		899,207		1,635,217
*	Yang Ming Marine Transport Corp.		8,599,981		1,947,911
	YC INOX Co., Ltd.		2,438,388		1,947,296
#	YCC Parts Manufacturing Co., Ltd.		254,000		347,969
	Yea Shin International Development Co., Ltd.		897,076		450,065
	Yem Chio Co., Ltd.		3,180,673		1,181,950
# *	Yeong Guan Energy Technology Group Co., Ltd.		562,929		1,161,213
	YFC-Boneagle Electric Co., Ltd.		679,000		411,813
#	YFY, Inc.		9,472,212		4,050,563
	Yi Jinn Industrial Co., Ltd.		1,446,284		569,989
	Yieh Phui Enterprise Co., Ltd.		9,442,049		2,820,338
	Ying Han Technology Co., Ltd.		47,000		28,390
#	Yonyu Plastics Co., Ltd.		451,600		497,829
	Young Fast Optoelectronics Co., Ltd.		802,872		521,617
#	Young Optics, Inc.		143,000		283,435
	Youngtek Electronics Corp.		827,666		1,399,428
	Yuanta Futures Co., Ltd.		351,178		633,862
	Yulon Finance Corp.		865,928		2,907,469
#	Yulon Motor Co., Ltd.		6,157,000		3,565,599
	Yung Chi Paint & Varnish Manufacturing Co., Ltd.		439,869		1,013,373
	Yungshin Construction & Development Co., Ltd.		665,000		695,460
	YungShin Global Holding Corp.		1,304,015		1,945,528
	Yungtay Engineering Co., Ltd.		8,000		16,102
	Yusin Holding Corp.		6,721		15,180
	Zeng Hsing Industrial Co., Ltd.		381,107		1,664,376
	Zenitron Corp.		1,318,000		825,281
	Zero One Technology Co., Ltd.		764,000		846,561
#	Zig Sheng Industrial Co., Ltd.		3,361,732		862,744
	Zinwell Corp.		2,166,586		1,152,659
	Zippy Technology Corp.		822,948		988,438
#	ZongTai Real Estate Development Co., Ltd.		1,097,849		1,189,851

TOTAL TAIWAN					1,117,967,874

THAILAND — (3.3%)
	AAPICO Hitech PCL		82,700		23,388
	AAPICO Hitech PCL		966,439		273,309
	Advanced Information Technology PCL, Class F		838,500		463,890
	AEON Thana Sinsap Thailand PCL		417,400		1,696,433
	After You PCL		1,491,000		407,830
	AJ Plast PCL		1,327,588		389,803
	Allianz Ayudhya Capital PCL		195,200		220,207
	Alucon PCL		2,200		9,417
	AMA Marine PCL		518,800		61,894

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
THAILAND — (Continued)
	Amanah Leasing PCL		1,161,500	$	101,234
	Amarin Printing & Publishing PCL		415,000		38,479
	Amata Corp. PCL		5,525,810		2,186,072
	Amata VN PCL, Class F		451,800		58,927
	Ananda Development PCL		10,647,900		543,008
	AP Thailand PCL		15,094,016		2,355,889
*	Asia Aviation PCL		17,911,400		1,035,213
	Asia Green Energy PCL		953,300		19,741
	Asia Plus Group Holdings PCL		10,182,300		541,294
	Asia Precision PCL		80,900		10,252
	Asia Sermkij Leasing PCL		1,115,600		572,368
	Asian Insulators PCL		12,731,600		456,457
	Asian Sea Corp. PCL		341,800		47,327
	Bangchak Corp. PCL		6,063,900		3,467,228
	Bangkok Airways PCL		5,962,500		1,087,274
	Bangkok Aviation Fuel Services PCL		1,418,846		1,034,918
	Bangkok Chain Hospital PCL		5,905,437		2,500,525
	Bangkok Insurance PCL		189,481		1,387,946
	Bangkok Land PCL		84,317,070		2,788,418
	Bangkok Life Assurance PCL		1,095,400		524,763
*	Bangkok Ranch PCL		4,403,600		288,538
*	Bangkok Rubber Pub Co.		14,600		0
	Banpu PCL		890,600		161,026
	Banpu Power PCL		1,879,500		906,203
	Beauty Community PCL		11,586,700		648,182
*	BEC World PCL		7,975,948		1,222,708
	Better World Green PCL		14,328,300		177,139
	BG Container Glass PCL		143,000		42,429
	Brooker Group PCL (The)		1,909,700		21,839
	Buriram Sugar PCL		1,682,600		174,735
	Cal-Comp Electronics Thailand PCL, Class F		17,772,644		796,487
*	Central Paper Industry PCL		20		0
	Central Plaza Hotel PCL		2,661,300		1,776,668
	CH Karnchang PCL		6,742,400		3,563,438
	Charoong Thai Wire & Cable PCL, Class F		968,400		151,149
	Chularat Hospital PCL, Class F		24,975,600		1,898,933
	CIMB Thai Bank PCL		8,597,100		154,113
	CK Power PCL		6,733,000		790,771
	COL PCL		624,800		276,144
	Com7 PCL, Class F		3,219,600		2,139,434
	Communication & System Solution PCL		865,600		29,161
*	Country Group Development PCL		25,028,900		564,707
*	Country Group Holdings PCL		9,214,500		213,595
	Demco PCL		260,300		19,308
	Dhipaya Insurance PCL		2,523,300		1,739,131
	Diamond Building Products PCL		1,922,100		314,855
	Do Day Dream PCL		494,100		232,122
	Dusit Thani PCL		114,500		26,011
	Dynasty Ceramic PCL		20,207,680		949,333
	Eastern Polymer Group PCL, Class F		5,781,700		829,148
	Eastern Power Group PCL		2,357,508		252,109
	Eastern Star Real Estate PCL		1,887,300		16,916
	Eastern Water Resources Development and Management PCL, Class F		4,114,600		1,271,705
	Ekachai Medical Care PCL		637,200		97,682
	Erawan Group PCL (The)		9,153,670		871,374
	Esso Thailand PCL		5,679,400		947,883
	Forth Corp. PCL		2,454,800		413,496
	Forth Smart Service PCL		2,051,500		386,776
	Fortune Parts Industry PCL, Class F		3,017,700		190,268

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
THAILAND — (Continued)
	GFPT PCL		3,265,100	$	1,150,429
	Global Green Chemicals PCL, Class F		2,005,200		508,195
	GMM Grammy PCL		154,160		37,879
	Grande Asset Hotels & Property PCL		1,507,800		34,951
*	Group Lease PCL		1,644,700		158,599
	Gunkul Engineering PCL		20,209,780		1,649,013
	Haad Thip PCL		419,800		238,737
	Hana Microelectronics PCL		3,932,496		3,524,722
	ICC International PCL		204,600		221,326
	Ichitan Group PCL		6,006,300		1,085,979
	Interhides PCL		763,300		51,429
	Interlink Communication PCL		1,761,500		189,461
	Interlink Telecom PCL		734,200		48,561
	Italian-Thai Development PCL		23,689,827		995,771
*	ITV PCL		2,785,600		0
	Jasmine International PCL		7,201,000		881,346
*	JCK International PCL		1,100,200		26,183
	Jubilee Enterprise PCL		272,500		123,806
	JWD Infologistics PCL		198,000		41,001
	Kang Yong Electric PCL		6,000		44,506
	Karmarts PCL		3,841,500		387,059
	KCE Electronics PCL		4,459,800		2,412,193
*	KGI Securities Thailand PCL		8,703,500		1,038,341
	Khon Kaen Sugar Industry PCL		13,041,837		790,048
	Khonburi Sugar PCL		138,500		13,698
	Kiatnakin Bank PCL		1,200,800		1,568,036
*	King Wai Group Thailand PCL		478,000		12,114
	Lalin Property PCL		194,800		24,685
	Lam Soon Thailand PCL		1,442,400		236,276
	Lanna Resources PCL		672,250		124,664
	Lee Feed Mill PCL		67,000		4,307
	LH Financial Group PCL		48,080,839		1,471,180
*	Loxley PCL		9,362,676		370,398
	LPN Development PCL		8,774,002		970,821
	Major Cineplex Group PCL		3,700,600		1,658,436
	Maybank Kim Eng Securities Thailand PCL		1,078,100		218,252
	MBK PCL		7,046,200		3,462,667
	MC Group PCL		44,900		11,171
*	MCOT PCL		2,001,100		374,182
	MCS Steel PCL		2,130,700		625,611
*	MDX PCL		310,500		16,410
	Mega Lifesciences PCL		2,354,000		2,109,906
	Millcon Steel PCL		3,497,033		57,284
	Modernform Group PCL		2,568,800		192,134
*	Mono Technology PCL, Class F		4,937,000		344,850
	More Return PCL		3,604,700		25,625
	Muang Thai Insurance PCL		61,288		160,063
	Muramoto Electron Thailand PCL		14,000		54,737
	Namyong Terminal PCL		3,644,600		419,036
	Nava Nakorn PCL		1,852,800		96,205
	Nawarat Patanakarn PCL		2,154,200		29,961
	Netbay PCL		631,400		609,836
	Noble Development PCL		560,700		237,416
	Nonthavej Hospital PCL		8,400		11,229
	Northeast Rubber PCL		141,900		9,999
*	Nusasiri PCL		2,408,400		29,775
	Origin Property PCL, Class F		4,759,850		667,894
*	Padaeng Industry PCL		389,200		53,890
	PCS Machine Group Holding PCL		1,891,200		272,384

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
THAILAND — (Continued)
	Plan B Media Pcl, Class F		11,250,600	$	1,717,755
	Platinum Group PCL (The), Class F		3,128,900		299,786
	Polyplex Thailand PCL		2,706,750		1,171,210
	Power Solution Technologies PCL, Class F		31,106,100		336,490
*	Precious Shipping PCL		4,758,550		564,761
	Premier Marketing PCL		2,822,500		536,497
	Prima Marine PCL		4,752,700		947,455
*	Principal Capital PCL		1,316,300		117,981
	Property Perfect PCL		49,136,300		531,532
	Pruksa Holding PCL		5,003,800		1,685,718
	PTG Energy PCL		3,978,600		1,696,946
	Pylon PCL		1,907,800		247,651
	Quality Houses PCL		54,913,526		3,530,216
	Raimon Land PCL		13,342,000		202,058
	Rajthanee Hospital PCL		815,400		574,598
	Ratchthani Leasing PCL		8,687,037		1,063,226
*	Regional Container Lines PCL		2,493,600		231,210
	Rojana Industrial Park PCL		6,821,754		885,531
	RS PCL		2,107,500		723,018
	S 11 Group PCL		1,318,400		224,114
	Sabina PCL		1,072,000		573,191
	Saha Pathana Inter-Holding PCL		699,100		1,269,421
*	Sahakol Equipment PCL		2,493,800		123,322
	Sahamitr Pressure Container PCL		587,400		121,637
	Saha-Union PCL		890,100		1,011,008
*	Sahaviriya Steel Industries PCL		3,018,197		25,187
	Samart Corp. PCL		3,572,600		557,615
*	Samart Digital Public Co., Ltd.		2,800,200		12,116
	Samart Telcoms PCL		1,404,600		251,790
	Sansiri PCL		71,609,910		1,571,412
	Sappe PCL		762,900		393,770
	SC Asset Corp. PCL		13,932,015		861,197
	Scan Inter PCL, Class F		2,818,700		148,100
	SCG Ceramics PCL		3,389,328		111,040
	SEAFCO PCL		3,237,102		525,260
	Sena Development PCL		3,371,933		233,446
	Sermsang Power Corp. Co., Ltd.		1,090,900		229,273
	Siam City Cement PCL		3,400		12,558
	Siam Future Development PCL		9,507,047		1,381,027
	Siam Wellness Group PCL, Class F		2,256,000		620,566
	Siamgas & Petrochemicals PCL		5,725,000		1,450,935
	Singer Thailand PCL		355,300		60,946
	Singha Estate PCL		24,838,854		1,282,055
	Sino-Thai Engineering & Construction PCL		6,302,000		3,019,039
	SNC Former PCL		626,400		157,786
	Somboon Advance Technology PCL		2,000,337		704,801
	Southern Concrete Pile PCL		115,700		18,595
	SPCG PCL		3,043,700		1,636,853
	Sri Trang Agro-Industry PCL		5,260,208		2,113,513
*	Sriracha Construction PCL		840,700		171,492
	Srisawad Finance PCL		83,000		71,187
	Srithai Superware PCL		10,347,100		201,473
	Srivichai Vejvivat PCL		688,600		127,696
	Star Petroleum Refining PCL		10,347,100		1,870,825
	STP & I PCL		7,223,664		1,116,313
	Supalai PCL		10,051,291		4,628,782
	Super Energy Corp. PCL		89,439,400		1,603,302
	Susco PCL		3,412,900		221,514
	SVI PCL		1,693,800		128,782

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
THAILAND — (Continued)
	Synnex Thailand PCL		1,744,040	$	334,200
	Syntec Construction PCL		7,032,800		295,615
	TAC Consumer PCL, Class F		1,991,500		231,434
	Taokaenoi Food & Marketing PCL, Class F		3,307,180		735,951
	Tapaco PCL		338,100		49,114
*	Tata Steel Thailand PCL		24,855,100		253,506
*	TCM Corp. PCL		803,300		29,297
	Thai Agro Energy PCL		1,956,100		159,608
*	Thai Airways International PCL		6,634,700		1,507,187
	Thai Central Chemical PCL		188,900		119,102
	Thai Nakarin Hospital PCL		338,300		311,062
	Thai Rayon PCL		40,200		27,459
*	Thai Reinsurance PCL		12,859,300		234,492
	Thai Rubber Latex Group PCL		218,900		5,412
	Thai Rung Union Car PCL		156,000		17,165
	Thai Solar Energy PCL, Class F		7,196,674		653,940
	Thai Stanley Electric PCL, Class F		211,800		837,905
	Thai Vegetable Oil PCL		2,936,975		2,223,950
	Thai Wacoal PCL		78,000		110,895
	Thai Wah PCL, Class F		2,788,800		287,887
	Thaicom PCL		4,331,500		508,722
	Thaifoods Group PCL		5,024,200		593,183
	Thaire Life Assurance PCL		2,720,800		253,958
	Thanachart Capital PCL		185,500		210,698
	Thitikorn PCL		1,549,000		426,089
	Thoresen Thai Agencies PCL		9,555,454		880,088
	Tipco Asphalt PCL		3,567,000		1,973,398
	TIPCO Foods PCL		1,983,982		355,651
	TKS Technologies PCL		681,450		107,414
	TMT Steel PCL		2,411,700		280,266
*	TPBI Public Co.		6,700		679
	TPC Power Holdings Co., Ltd.		1,833,500		572,349
	TPI Polene PCL		52,469,300		1,946,010
	TPI Polene Power PCL		13,795,400		1,671,394
	TQM Corp. PCL		33,200		80,807
*	TRC Construction PCL		46,202,728		142,799
	TTCL PCL		1,555,040		158,604
	TTCL PCL		1,068,171		108,947
	TTW PCL		5,143,600		2,130,250
*	U City PCL, Class F		16,368,114		672,835
	UAC Global PCL		353,200		31,658
	Union Auction PCL		1,309,900		265,178
	Unique Engineering & Construction PCL		5,036,570		957,345
	United Paper PCL		2,564,200		760,820
*	United Power of Asia PCL		2,389,900		11,818
	Univanich Palm Oil PCL		2,378,600		292,592
	Univentures PCL		5,082,900		515,281
*	Vanachai Group PCL		4,318,059		262,914
	Vibhavadi Medical Center PCL		5,992,800		305,613
	Vinythai PCL		1,819,534		1,276,570
	WHA Corp. PCL		10,828,400		917,009
	WHA Utilities and Power PCL		6,969,000		1,016,649
	Workpoint Entertainment PCL		1,529,740		482,255

TOTAL THAILAND					157,545,289

TURKEY — (1.2%)
#	Adana Cimento Sanayii TAS, Class A		371,267		512,123
# *	Afyon Cimento Sanayi TAS		311,545		119,880
	Akcansa Cimento A.S.		232,748		279,899

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TURKEY — (Continued)
	Aksa Akrilik Kimya Sanayii A.S.		1,072,766	$	973,429
*	Aksa Enerji Uretim A.S.		1,053,527		574,227
	Aksigorta A.S.		989,810		846,488
#	Alarko Holding A.S.		846,316		549,574
# *	Albaraka Turk Katilim Bankasi A.S.		4,148,645		754,734
	Alkim Alkali Kimya A.S.		105,524		881,427
#	Anadolu Anonim Turk Sigorta Sirketi		1,786,795		1,292,584
#	Anadolu Cam Sanayii A.S.		955,894		563,844
	Anadolu Hayat Emeklilik A.S.		653,774		602,727
	AvivaSA Emeklilik ve Hayat A.S., Class A		161,512		309,294
	Aygaz A.S.		509,099		751,660
*	Bagfas Bandirma Gubre Fabrikalari A.S.		182,634		435,523
*	Baticim Bati Anadolu Cimento Sanayii A.S.		1		1
# *	Bera Holding A.S.		2,782,485		1,541,202
# *	Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S.		879,607		269,937
	Bizim Toptan Satis Magazalari A.S.		159,618		295,511
	Borusan Mannesmann Boru Sanayi ve Ticaret A.S.		192,327		263,841
	Borusan Yatirim ve Pazarlama A.S.		20,124		181,123
#	Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S.		343,478		461,705
*	Cimsa Cimento Sanayi VE Ticaret A.S.		431,660		480,239
	Deva Holding A.S.		83,942		194,403
#	Dogan Sirketler Grubu Holding A.S.		5,545,028		1,429,378
#	Dogus Otomotiv Servis ve Ticaret A.S.		272,399		411,872
	EGE Endustri VE Ticaret A.S.		5,700		448,404
#	EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S.		1,385,387		945,314
	Erbosan Erciyas Boru Sanayii ve Ticaret A.S.		76,729		210,418
# *	Fenerbahce Futbol A.S.		190,973		281,772
*	Global Yatirim Holding A.S.		933,742		438,551
*	Goldas Kuyumculuk Sanayi Ithalat Ve B		8,540		0
	Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S.		1		2
#	Goodyear Lastikleri TAS		507,133		352,007
*	Gozde Girisim Sermayesi Yatirim Ortakligi A.S.		861,755		478,862
# *	GSD Holding A.S.		1,039,486		220,579
# *	Gubre Fabrikalari TAS		664,856		1,524,142
#	Hektas Ticaret TAS		1,090,122		2,123,835
# *	Ihlas Holding A.S.		3,402,242		317,501
	Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret A.S.		179,897		250,043
*	Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim A.S.		600,536		1,055,159
# *	Is Finansal Kiralama A.S.		1,055,615		504,276
	Is Yatirim Menkul Degerler A.S., Class A		973,297		782,144
# *	Isiklar Enerji ve Yapi Holding A.S.		4,524,519		369,720
	Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S., Class A		1,024,859		331,118
#	Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S., Class D		4,728,746		1,489,531
*	Karsan Otomotiv Sanayii Ve Ticaret A.S.		2		0
#	Kartonsan Karton Sanayi ve Ticaret A.S.		4,074		278,679
*	Kerevitas Gida Sanayi ve Ticaret A.S.		1,707,024		1,004,010
	Kordsa Teknik Tekstil A.S.		284,493		460,690
# *	Koza Anadolu Metal Madencilik Isletmeleri A.S.		974,839		1,601,136
*	Logo Yazilim Sanayi Ve Ticaret A.S.		121,960		1,291,912
*	Mavi Giyim Sanayi Ve Ticaret AS, Class B		174,839		1,038,619
# *	Metro Ticari ve Mali Yatirimlar Holding A.S.		1,698,921		309,317
*	Migros Ticaret A.S.		349,865		1,478,436
*	MLP Saglik Hizmetleri A.S.		316,872		683,508
*	Nergis Holding A.S.		1,784		0
*	NET Holding A.S.		1,416,103		432,507
# *	Netas Telekomunikasyon A.S.		164,979		311,696
	Nuh Cimento Sanayi A.S.		442,888		639,037
# *	ODAS Elektrik Uretim ve Sanayi Ticaret A.S.		3,675,778		945,056
#	Otokar Otomotiv Ve Savunma Sanayi A.S.		48,825		872,810

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
TURKEY — (Continued)
# *	Parsan Makina Parcalari Sanayii A.S.		126,184	$	264,470
# *	Pegasus Hava Tasimaciligi A.S.		274,805		2,083,444
# *	Petkim Petrokimya Holding A.S.		1,740,749		884,719
	Polisan Holding A.S.		698,330		246,905
*	Raks Elektronik Sanayi ve Ticaret A.S.		2,730		0
#	Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S.		1,480,479		1,167,238
#	Sasa Polyester Sanayi A.S.		566,919		708,842
# *	Sekerbank Turk A.S.		2,648,150		378,492
#	Selcuk Ecza Deposu Ticaret ve Sanayi A.S.		1,267,233		1,380,655
#	Soda Sanayii A.S.		2,283,537		1,910,602
#	Tat Gida Sanayi A.S.		435,934		476,323
	Tekfen Holding A.S.		872,803		1,781,555
#	Trakya Cam Sanayii A.S.		2,627,572		1,215,438
# *	Turcas Petrol A.S.		822,759		319,316
	Turk Traktor ve Ziraat Makineleri A.S.		71,551		584,439
*	Turkiye Halk Bankasi A.S.		123,259		91,760
# *	Turkiye Sinai Kalkinma Bankasi A.S.		8,367,261		1,234,335
*	Ulker Biskuvi Sanayi A.S.		797,820		2,708,175
*	Vestel Elektronik Sanayi ve Ticaret A.S.		395,418		744,386
*	Yatas Yatak ve Yorgan Sanayi ve Ticaret A.S.		846,657		800,537
# *	Zorlu Enerji Elektrik Uretim A.S.		1,892,606		341,970

TOTAL TURKEY					57,771,017

UNITED ARAB EMIRATES — (0.0%)
	Air Arabia PJSC		582,967		180,182
*	Amlak Finance PJSC		809,929		78,255
	Arabtec Holding PJSC		502,205		96,131
	Aramex PJSC		203,004		166,342
*	DAMAC Properties Dubai Co. PJSC		406,869		68,111
*	Deyaar Development PJSC		2,341,939		183,147
	Dubai Financial Market PJSC		473,272		94,275
	Dubai Investments PJSC		314,503		101,973
*	Eshraq Investments PJSC		408,744		32,030
	National Central Cooling Co. PJSC		37,263		21,326

TOTAL UNITED ARAB EMIRATES					1,021,772

TOTAL COMMON STOCKS					4,636,889,804

PREFERRED STOCKS — (1.1%)

BRAZIL — (1.1%)
	AES Tiete Energia SA		7,994		4,159
	Alpargatas SA		1,462,211		7,364,968
*	AZUL SA		199,682		638,935
	Banco ABC Brasil SA		672,699		1,767,754
	Banco do Estado do Rio Grande do Sul SA, Class B		1,671,292		3,854,062
	Banco Pan SA		1,846,436		1,707,934
*	Banco Pine SA		87,300		44,630
	Centrais Eletricas Santa Catarina		80,500		561,053
	Cia de Saneamento do Parana		8,278,303		7,581,226
	Cia de Transmissao de Energia Eletrica Paulista		877,578		3,135,648
	Cia Energetica de Sao Paulo, Class B		1,432,460		7,417,951
	Cia Energetica do Ceara, Class A		127,939		1,161,307
	Cia Ferro Ligas da Bahia - FERBASA		343,934		1,065,722
	Cia Paranaense de Energia		878,499		8,788,382
	Eucatex SA Industria e Comercio		196,878		173,783
*	Gol Linhas Aereas Inteligentes SA		8,548		19,492
	Grazziotin SA		12,400		56,939
	Marcopolo SA		4,335,595		2,280,255

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED


		Shares		Value»
BRAZIL — (Continued)
	Randon SA Implementos e Participacoes		1,096,374	$	1,713,746
	Schulz SA		78,800		120,274
	Unipar Carbocloro SA		445,003		1,914,906
	Usinas Siderurgicas de Minas Gerais SA, Class A		2,442,271		2,155,777

TOTAL BRAZIL					53,528,903

CHILE — (0.0%)
	Coca-Cola Embonor SA, Class B		657,545		803,325

COLOMBIA — (0.0%)
	Avianca Holdings SA		2,281,786		289,906
	Banco Davivienda SA		12,335		89,483

TOTAL COLOMBIA					379,389

TOTAL PREFERRED STOCKS					54,711,617

RIGHTS/WARRANTS — (0.0%)

INDIA — (0.0%)
*	Arvind Fashions, Ltd. Rights 04/17/20		76,473		0

TAIWAN — (0.0%)
*	Hannstar Board Corp. Rights 05/18/20		132,022		17,759
*	Highlight Tech Corp. Rights 05/07/20		19,282		2,918
*	Machvision, Inc. Rights 05/11/20		8,399		24,713
*	YFC Boneagle Electric Co., Ltd Rights 03/04/20		42,090		283

TOTAL TAIWAN					45,673

THAILAND — (0.0%)
*	NER W1		28,380		211
*	PP Prime PCL		72,300		268
*	Tapaco PCL Rights 03/18/22		169,050		2,926

TOTAL THAILAND					3,405

TOTAL RIGHTS/WARRANTS					49,078

TOTAL INVESTMENT SECURITIES (Cost $5,507,316,874)					4,691,650,499


				Value†
SECURITIES LENDING COLLATERAL — (2.2%)
@ §	The DFA Short Term Investment Fund		9,078,365		105,045,762

TOTAL INVESTMENTS — (100.0%) (Cost $5,612,340,232)				$	4,796,696,261

ADR	American Depositary Receipt

CP	Certificate Participation

GDR	Global Depositary Receipt

P.L.C.

Public Limited Company

SA	Special Assessment

ST	Special Tax

»	Securities that have generally been fair value factored. See Note B to Financial Statements.

*	Non-Income Producing Securities.

#	Total or Partial Securities on Loan.

†	See Note B to Financial Statements.

@	Security purchased with cash collateral received from Securities on Loan.

§	Affiliated Fund.

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


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

TOTAL	$	787,087,951	$	4,009,608,310		—	$	4,796,696,261

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

SCHEDULE OF INVESTMENTS

April 30, 2020

(Unaudited)


		Shares		Value†
COMMON STOCKS — (97.8%)
COMMUNICATION SERVICES — (14.5%)
	Activision Blizzard, Inc.		496,359	$	31,632,959
# *	AMC Networks, Inc., Class A		6,800		162,180
	AT&T, Inc.		7,109,251		216,618,878
	ATN International, Inc.		684		42,490
	Beasley Broadcast Group, Inc., Class A		9,471		23,488
# *	Cars.com, Inc.		39,542		204,828
	CenturyLink, Inc.		539,862		5,733,334
*	Charter Communications, Inc., Class A		339,394		168,078,091
	Cinemark Holdings, Inc.		44,247		631,847
	Comcast Corp., Class A		6,410,970		241,244,801
#	Consolidated Communications Holdings, Inc.		10,700		67,089
# *	Discovery, Inc., Class B		3,541		126,591
*	Discovery, Inc., Class C		136,284		2,781,556
*	DISH Network Corp., Class A		83,975		2,100,635
	Entravision Communications Corp., Class A		38,094		55,617
	EW Scripps Co. (The), Class A		81,265		655,809
	Fox Corp., Class A		211,170		5,462,968
*	Fox Corp., Class B		104,154		2,662,176
#	Gannett Co., Inc.		53,152		60,062
*	GCI Liberty, Inc., Class A		123,145		7,490,910
*	GCI Liberty, Inc., Class B		1,686		106,471
*	Gray Television, Inc.		54,374		631,282
*	Hemisphere Media Group, Inc.		18,877		175,179
*	IAC/InterActiveCorp		79,415		17,747,664
*	IMAX Corp.		18,300		210,450
	Interpublic Group of Cos., Inc. (The)		30,820		523,324
*	Iridium Communications, Inc.		51,500		1,159,007
	John Wiley & Sons, Inc., Class A		28,891		1,084,857
*	Liberty Broadband Corp.		1,905		228,505
*	Liberty Broadband Corp., Class A		24,095		2,891,882
*	Liberty Broadband Corp., Class C		67,601		8,293,291
# *	Liberty Latin America, Ltd., Class A		4,700		50,290
*	Liberty Latin America, Ltd., Class C		2,660		27,504
# *	Liberty Media Corp.-Liberty Braves, Class A		7,613		157,132
*	Liberty Media Corp.-Liberty Braves, Class B		762		15,964
*	Liberty Media Corp.-Liberty Braves, Class C		16,901		339,541
# *	Liberty Media Corp.-Liberty Formula One, Class A		17,043		515,551
*	Liberty Media Corp.-Liberty Formula One, Class C		44,409		1,429,526
*	Liberty Media Corp.-Liberty SiriusXM, Class A		96,383		3,249,071
*	Liberty Media Corp.-Liberty SiriusXM, Class B		6,114		216,374
# *	Liberty Media Corp.-Liberty SiriusXM, Class C		208,010		7,086,901
*	Lions Gate Entertainment Corp., Class B		1		7
*	Madison Square Garden Entertainment Corp.		9,852		814,760
*	Madison Square Garden Sports C		9,852		1,687,845
	Marcus Corp. (The)		20,599		299,509
# *	Meet Group, Inc. (The)		83,800		517,046
#	Meredith Corp.		44,176		655,130
# *	MSG Networks, Inc., Class A		29,558		351,149
	News Corp., Class A		402,247		3,986,268
	News Corp., Class B		99,903		1,021,009
#	Nexstar Media Group, Inc., Class A		51,781		3,626,741
*	ORBCOMM, Inc.		45,543		120,233
# *	Reading International, Inc., Class A		8,800		37,532
	Saga Communications, Inc., Class A		8,693		244,447

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
COMMUNICATION SERVICES — (Continued)
	Salem Media Group, Inc.		10,922	$	9,427
	Scholastic Corp.		31,200		906,984
#	Sinclair Broadcast Group, Inc., Class A		37,347		659,175
	Spok Holdings, Inc.		9,322		95,644
	TEGNA, Inc.		184,139		1,973,970
	Telephone and Data Systems, Inc.		90,571		1,777,003
*	T-Mobile US, Inc.		268,988		23,617,146
#	Tribune Publishing Co.		900		7,713
	TripAdvisor, Inc.		17,950		358,461
*	United States Cellular Corp.		12,191		388,040
#	ViacomCBS, Inc., Class A		14,300		280,709
*	Vonage Holdings Corp.		85,934		718,408
	Walt Disney Co. (The)		498,015		53,860,322
# *	Zillow Group, Inc., Class A		26,410		1,149,891
# *	Zillow Group, Inc., Class C		65,484		2,878,677
*	Zynga, Inc., Class A		640,800		4,831,632

TOTAL COMMUNICATION SERVICES					838,850,953

CONSUMER DISCRETIONARY — (5.4%)
# *	1-800-Flowers.com, Inc., Class A		44,330		850,693
	Aaron’s, Inc.		75,999		2,425,128
	Acushnet Holdings Corp.		2,067		56,636
*	Adtalem Global Education, Inc.		59,964		1,905,056
	Advance Auto Parts, Inc.		20,070		2,426,664
*	American Axle & Manufacturing Holdings, Inc.		91,765		396,425
#	American Eagle Outfitters, Inc.		173,750		1,381,312
*	American Outdoor Brands Corp.		64,307		608,666
	Aramark		220,783		6,029,584
# *	Asbury Automotive Group, Inc.		6,182		417,285
	Autoliv, Inc.		53,413		3,205,848
*	AutoNation, Inc.		58,352		2,173,028
# *	Barnes & Noble Education, Inc.		20,210		36,176
	Bassett Furniture Industries, Inc.		2,900		19,836
*	Beazer Homes USA, Inc.		4,326		30,455
	Best Buy Co., Inc.		15,363		1,178,803
#	Big 5 Sporting Goods Corp.		10,801		14,797
*	Biglari Holdings, Inc., Class B		8		560
#	BJ’s Restaurants, Inc.		20,458		447,212
# *	Boot Barn Holdings, Inc.		32,500		599,950
	BorgWarner, Inc.		203,984		5,827,823
	Brunswick Corp.		63,040		3,008,269
# *	Build-A-Bear Workshop, Inc.		25,874		65,720
# *	Caesars Entertainment Corp.		362,380		3,500,591
	Caleres, Inc.		74,697		605,793
	Callaway Golf Co.		108,543		1,554,336
#	Canterbury Park Holding Corp.		2,755		27,495
*	Capri Holdings, Ltd.		129,788		1,979,267
#	Carnival Corp.		489,649		7,785,419
	Carriage Services, Inc.		20,916		314,158
# *	Carrols Restaurant Group, Inc.		35,900		131,035
*	Cavco Industries, Inc.		7,600		1,175,568
*	Century Communities, Inc.		14,709		315,067
	Chico’s FAS, Inc.		32,500		48,750
# *	Chuy’s Holdings, Inc.		16,443		275,585
	Citi Trends, Inc.		5,815		66,058
#	Columbia Sportswear Co.		1,785		130,109
# *	Conn’s, Inc.		25,450		172,042
	Cooper Tire & Rubber Co.		55,558		1,177,274
	Core-Mark Holding Co., Inc.		96,236		2,765,823

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
CONSUMER DISCRETIONARY — (Continued)
	Culp, Inc.		10,036	$	71,356
	Dana, Inc.		112,665		1,295,647
*	Deckers Outdoor Corp.		9,229		1,372,906
*	Delta Apparel, Inc.		7,532		97,012
#	Designer Brands, Inc., Class A		75,552		479,755
#	Dick’s Sporting Goods, Inc.		83,076		2,441,604
#	Dillard’s, Inc., Class A		117,206		3,455,233
# *	Dorman Products, Inc.		9,311		587,338
	DR Horton, Inc.		225,681		10,656,657
	Educational Development Corp.		3,358		16,790
*	El Pollo Loco Holdings, Inc.		4,415		53,995
	Escalade, Inc.		277		2,368
	Ethan Allen Interiors, Inc.		23,817		269,370
	Expedia Group, Inc.		30,369		2,155,592
	Extended Stay America, Inc.		90,395		982,594
*	Fiesta Restaurant Group, Inc.		10,900		79,297
*	Flanigan’s Enterprises, Inc.		865		12,110
	Flexsteel Industries, Inc.		2,068		19,853
	Foot Locker, Inc.		102,986		2,639,531
	Ford Motor Co.		2,868,969		14,603,052
*	Fossil Group, Inc.		600		2,376
#	GameStop Corp., Class A		104,752		600,229
	Gap, Inc. (The)		149,047		1,210,262
	General Motors Co.		1,095,598		24,420,879
*	Genesco, Inc.		6,456		122,212
	Gentex Corp.		145,810		3,534,434
*	Gentherm, Inc.		37,081		1,388,313
# *	G-III Apparel Group, Ltd.		31,225		353,779
	Goodyear Tire & Rubber Co. (The)		267,257		1,916,233
	Graham Holdings Co., Class B		5,780		2,254,258
*	Green Brick Partners, Inc.		2,594		23,113
#	Group 1 Automotive, Inc.		57,936		3,278,598
#	Guess?, Inc.		70,100		655,435
	Hamilton Beach Brands Holding Co., Class A		10,413		137,347
#	Harley-Davidson, Inc.		3,372		73,611
	Haverty Furniture Cos., Inc.		33,479		452,971
# *	Helen of Troy, Ltd.		61,653		10,128,355
# *	Hibbett Sports, Inc.		20,800		320,944
	Hooker Furniture Corp.		14,814		222,062
*	Houghton Mifflin Harcourt Co.		32,600		52,160
#	Hyatt Hotels Corp., Class A		14,601		821,452
#	International Game Technology P.L.C.		7,100		53,534
*	J Alexander’s Holdings, Inc.		2,666		14,103
	Johnson Outdoors, Inc., Class A		15,588		1,065,596
*	K12, Inc.		3,100		70,401
	KB Home		30,800		808,192
	Kohl’s Corp.		144,069		2,659,514
# *	Lakeland Industries, Inc.		9,887		134,661
*	Laureate Education, Inc., Class A		17,544		166,142
	La-Z-Boy, Inc.		56,332		1,320,985
	LCI Industries		10,111		876,826
	Lear Corp.		51,273		5,006,808
	Lennar Corp., Class A		224,100		11,220,687
	Lennar Corp., Class B		12,506		477,104
	Lifetime Brands, Inc.		16,431		93,657
	Lithia Motors, Inc., Class A		34,933		3,862,192
*	LKQ Corp.		208,413		5,450,000
*	M/I Homes, Inc.		37,930		965,698
#	Macy’s, Inc.		337,455		1,977,486

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
CONSUMER DISCRETIONARY — (Continued)
*	MarineMax, Inc.		29,164	$	420,253
	Marriott Vacations Worldwide Corp.		11,331		940,473
»	Media General, Inc.		25,196		2,381
# *	Meritage Homes Corp.		28,156		1,479,879
	MGM Resorts International		227,871		3,835,069
*	Modine Manufacturing Co.		14,650		67,829
*	Mohawk Industries, Inc.		98,740		8,661,473
*	Monarch Casino & Resort, Inc.		1,103		36,774
#	Monro, Inc.		3,100		172,019
# *	Motorcar Parts of America, Inc.		17,638		250,989
	Movado Group, Inc.		21,998		226,799
*	Murphy USA, Inc.		34,678		3,703,610
	Newell Brands, Inc.		126,940		1,761,927
# *	Norwegian Cruise Line Holdings, Ltd.		80,215		1,315,526
	Office Depot, Inc.		549,015		1,218,813
	Oxford Industries, Inc.		11,400		477,888
#	Penske Automotive Group, Inc.		43,845		1,577,543
*	Perdoceo Education Corp.		78,974		1,026,662
*	Potbelly Corp.		25,202		86,947
	PulteGroup, Inc.		275,833		7,797,799
	PVH Corp.		57,171		2,814,528
*	Qurate Retail, Inc.		620,725		4,999,940
	Ralph Lauren Corp.		36,864		2,719,826
	RCI Hospitality Holdings, Inc.		12,026		150,686
# *	Red Robin Gourmet Burgers, Inc.		31,175		456,090
# *	Regis Corp.		22,062		274,010
	Rocky Brands, Inc.		8,729		187,237
#	Royal Caribbean Cruises, Ltd.		322,500		15,083,325
*	Shiloh Industries, Inc.		15,461		17,162
	Shoe Carnival, Inc.		32,650		771,193
*	Skechers U.S.A., Inc., Class A		146,140		4,118,225
#	Sonic Automotive, Inc., Class A		22,800		488,604
# *	Sportsman’s Warehouse Holdings, Inc.		21,200		151,792
*	Stamps.com, Inc.		15,800		2,500,666
	Standard Motor Products, Inc.		37,342		1,519,446
	Steven Madden, Ltd.		35,225		883,091
# *	Stoneridge, Inc.		25,661		513,990
	Strategic Education, Inc.		123		19,594
	Strattec Security Corp.		5,224		85,151
	Superior Group of Cos, Inc.		17,956		156,576
	Superior Industries International, Inc.		3,408		4,805
*	Tandy Leather Factory, Inc.		9,974		39,597
	Tapestry, Inc.		236,819		3,523,867
	Target Corp.		259,962		28,528,230
#	Thor Industries, Inc.		38,190		2,528,178
	Tilly’s, Inc., Class A		18,598		109,542
	Toll Brothers, Inc.		126,380		3,035,648
*	TopBuild Corp.		35,100		3,270,969
*	Unifi, Inc.		41,401		428,500
*	Universal Electronics, Inc.		15,506		640,088
# *	Urban Outfitters, Inc.		60,570		1,050,284
#	Whirlpool Corp.		50,924		5,690,248
	Winnebago Industries, Inc.		27,135		1,203,980
	Wolverine World Wide, Inc.		28,683		587,715
	Wyndham Hotels & Resorts, Inc.		47,600		1,794,996
# *	ZAGG, Inc.		30,497		100,640
*	Zumiez, Inc.		2,800		59,192

TOTAL CONSUMER DISCRETIONARY					310,183,229

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
CONSUMER STAPLES — (7.2%)
	Alico, Inc.		960	$	28,138
	Andersons, Inc. (The)		30,460		516,906
	Archer-Daniels-Midland Co.		750,362		27,868,445
	Bunge, Ltd.		114,694		4,549,911
#	Cal-Maine Foods, Inc.		1,523		63,220
	Casey’s General Stores, Inc.		26,905		4,073,686
*	Central Garden & Pet Co.		25,184		829,561
*	Central Garden & Pet Co., Class A		48,121		1,463,360
	Conagra Brands, Inc.		144,700		4,838,768
	Constellation Brands, Inc., Class B		3,479		549,108
	Coty, Inc., Class A		229,558		1,251,091
# *	Craft Brew Alliance, Inc.		9,754		147,285
*	Darling Ingredients, Inc.		173,938		3,581,383
*	Farmer Bros Co.		7,800		72,072
	Flowers Foods, Inc.		44,317		987,383
	Fresh Del Monte Produce, Inc.		39,437		1,124,349
# *	Hain Celestial Group, Inc. (The)		87,292		2,255,625
#	Ingles Markets, Inc., Class A		11,437		466,973
	Ingredion, Inc.		62,317		5,060,140
	JM Smucker Co. (The)		108,204		12,433,722
	John B. Sanfilippo & Son, Inc.		10,428		856,452
	Kroger Co. (The)		285,863		9,036,129
*	Landec Corp.		37,056		413,174
	Limoneira Co.		6,194		82,690
	Molson Coors Beverage Co., Class B		133,800		5,487,138
	Molson Coors Brewing Co., Class A		1,727		104,958
	Mondelez International, Inc., Class A		2,081,099		107,051,733
	Natural Grocers by Vitamin Cottage, Inc.		1,000		11,270
*	Nature’s Sunshine Products, Inc.		1,029		9,055
	Nu Skin Enterprises, Inc., Class A		3,097		90,463
	Oil-Dri Corp. of America		5,047		188,707
*	Performance Food Group Co.		50,855		1,492,594
*	Pilgrim’s Pride Corp.		7,900		173,800
*	Post Holdings, Inc.		72,415		6,651,318
	PriceSmart, Inc.		4,262		270,808
	Sanderson Farms, Inc.		22,700		3,090,378
	Seaboard Corp.		1,812		5,456,113
*	Seneca Foods Corp., Class A		6,301		226,710
*	Seneca Foods Corp., Class B		300		11,403
*	Simply Good Foods Co. (The)		8,033		151,422
	SpartanNash Co.		33,983		582,808
	Spectrum Brands Holdings, Inc.		6,675		287,426
	Tyson Foods, Inc., Class A		405,030		25,188,816
*	United Natural Foods, Inc.		2,700		28,728
	Universal Corp.		22,290		1,078,167
*	US Foods Holding Corp.		208,373		4,480,020
	Village Super Market, Inc., Class A		1,900		45,657
	Walgreens Boots Alliance, Inc.		659,669		28,557,071
	Walmart, Inc.		1,173,687		142,661,655
#	Weis Markets, Inc.		11,602		580,448

TOTAL CONSUMER STAPLES					416,508,237

ENERGY — (7.1%)
	Adams Resources & Energy, Inc.		6,004		167,722
#	Apache Corp.		162,008		2,119,065
#	Arch Coal, Inc., Class A		17,190		501,776
	Archrock, Inc.		69,200		332,852
# *	Bonanza Creek Energy, Inc.		6,200		108,252
	Chevron Corp.		1,350,819		124,275,348

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
ENERGY — (Continued)
	Cimarex Energy Co.		79,704	$	2,026,076
*	CNX Resources Corp.		154,203		1,634,552
	ConocoPhillips		1,439,649		60,609,223
# *	CONSOL Energy, Inc.		3,800		28,842
# *	Dawson Geophysical Co.		21,211		26,938
#	Delek US Holdings, Inc.		82,793		1,933,217
	Devon Energy Corp.		87,794		1,094,791
	DMC Global, Inc.		372		9,601
*	Dorian LPG, Ltd.		13,596		129,017
# *	Earthstone Energy, Inc., Class A		8,400		19,404
*	Era Group, Inc.		10,058		51,497
	Evolution Petroleum Corp.		17,727		52,649
*	Exterran Corp.		35,500		241,400
	Exxon Mobil Corp.		620,038		28,813,166
#	Green Plains, Inc.		21,234		124,644
#	Hallador Energy Co.		14,700		11,197
	Halliburton Co.		666,057		6,993,598
#	Helmerich & Payne, Inc.		62,000		1,225,740
	Hess Corp.		146,488		7,125,176
	HollyFrontier Corp.		146,260		4,832,430
	International Seaways, Inc.		12		290
	Kinder Morgan, Inc.		574,540		8,750,244
	Kosmos Energy, Ltd.		26,900		44,385
	Marathon Oil Corp.		467,019		2,858,156
	Marathon Petroleum Corp.		1,004,662		32,229,557
*	Matrix Service Co.		29,245		305,318
#	Murphy Oil Corp.		28,000		332,080
#	Nabors Industries, Ltd.		640		9,427
	NACCO Industries, Inc., Class A		6,832		240,145
*	Natural Gas Services Group, Inc.		10,028		63,678
*	Newpark Resources, Inc.		73,721		112,793
*	NexTier Oilfield Solutions, Inc.		1,400		3,248
	Noble Energy, Inc.		74,800		733,788
	Panhandle Oil and Gas, Inc., Class A		10,414		45,093
	Parsley Energy, Inc., Class A		81,213		767,463
	Patterson-UTI Energy, Inc.		1,400		5,166
# *	PDC Energy, Inc.		21,789		283,039
	Phillips 66		775,455		56,740,042
	Pioneer Natural Resources Co.		111,950		9,998,254
*	ProPetro Holding Corp.		5,764		24,439
*	REX American Resources Corp.		4,050		240,894
*	SEACOR Holdings, Inc.		18,204		514,445
*	SEACOR Marine Holdings, Inc.		12,678		39,682
	SFL Corp., Ltd.		12,481		140,910
# *	SilverBow Resources, Inc.		3,019		16,333
	SM Energy Co.		24,900		100,845
# *	Southwestern Energy Co.		377,255		1,218,534
	Targa Resources Corp.		26,979		349,648
*	TETRA Technologies, Inc.		31,400		15,270
	Valero Energy Corp.		605,899		38,383,702
	Williams Cos., Inc. (The)		352,897		6,835,615
	World Fuel Services Corp.		28,812		720,300

TOTAL ENERGY					406,610,956

FINANCIALS — (19.0%)
	1st Constitution Bancorp		692		8,788
	1st Source Corp.		45,305		1,573,443
	Affiliated Managers Group, Inc.		31,797		2,224,518
	Aflac, Inc.		337,222		12,558,147

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
FINANCIALS — (Continued)
	Alleghany Corp.		3,115	$	1,662,507
	Allstate Corp. (The)		169,260		17,217,127
	American Equity Investment Life Holding Co.		89,529		1,881,900
	American Financial Group, Inc.		156,083		10,338,938
	American International Group, Inc.		169,239		4,303,748
	American National Insurance Co.		22,561		1,816,161
	Ameris Bancorp		6,370		161,989
	AmeriServ Financial, Inc.		30,968		98,788
*	Arch Capital Group, Ltd.		9,282		223,046
	Argo Group International Holdings, Ltd.		59,381		2,099,712
	Associated Banc-Corp.		34,231		484,026
	Assurant, Inc.		65,820		6,992,717
	Assured Guaranty, Ltd.		122,989		3,656,463
*	Asta Funding, Inc.		885		10,257
*	Athene Holding, Ltd., Class A		94,140		2,541,780
	Atlantic Union Bankshares Corp.		68,946		1,645,741
*	Atlanticus Holdings Corp.		12,567		202,329
	Axis Capital Holdings, Ltd.		8,510		311,466
	Banc of California, Inc.		4,100		42,722
*	Bancorp, Inc. (The)		14,759		102,870
	BancorpSouth Bank		52,027		1,138,871
	Bank of America Corp.		5,929,137		142,595,745
	Bank of New York Mellon Corp. (The)		491,755		18,460,483
	Bank OZK		52,132		1,179,226
	BankFinancial Corp.		16,687		138,001
	BankUnited, Inc.		42,709		846,065
	Banner Corp.		40,520		1,557,184
	Bar Harbor Bankshares		2,733		50,233
	BCB Bancorp, Inc.		1,059		10,717
*	Berkshire Hathaway, Inc., Class B		171,479		32,128,305
	Berkshire Hills Bancorp, Inc.		33,464		570,227
*	Blucora, Inc.		57,127		803,777
#	BOK Financial Corp.		26,900		1,393,151
	Boston Private Financial Holdings, Inc.		14,600		110,960
	Brookline Bancorp, Inc.		90,600		925,026
	Cadence BanCorp		25,884		171,352
*	Cannae Holdings, Inc.		15,438		487,069
	Capital City Bank Group, Inc.		14,283		314,797
	Capital One Financial Corp.		333,920		21,624,659
	Carolina Financial Corp.		1,153		39,006
	Cathay General Bancorp		85,940		2,399,445
#	CCUR Holdings, Inc.		11,740		40,797
	CenterState Bank Corp.		22,895		398,144
	Century Bancorp, Inc., Class A		295		22,034
	Chemung Financial Corp.		300		7,350
	Chubb, Ltd.		64,312		6,946,339
	Cincinnati Financial Corp.		12,284		808,287
	CIT Group, Inc.		60,259		1,143,716
	Citigroup, Inc.		1,441,183		69,983,846
	Citizens Community Bancorp, Inc.		10,355		79,734
	Citizens Financial Group, Inc.		2,265		50,713
	CME Group, Inc.		46,028		8,202,650
	CNA Financial Corp.		51,474		1,625,549
	CNO Financial Group, Inc.		301,264		4,235,772
	Codorus Valley Bancorp, Inc.		165		2,318
#	Columbia Banking System, Inc.		69,936		1,887,573
	Comerica, Inc.		47,590		1,658,987
	Community Bankers Trust Corp.		5,917		33,076
	Community Financial Corp. (The)		408		9,466

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
FINANCIALS — (Continued)
	Community Trust Bancorp, Inc.		18,195	$	616,811
	Community West Bancshares		400		2,764
	ConnectOne Bancorp, Inc.		38,800		579,672
*	Consumer Portfolio Services, Inc.		26,500		78,440
#	Cowen, Inc., Class A		3,989		43,680
#	Cullen/Frost Bankers, Inc.		500		35,930
*	Customers Bancorp, Inc.		2,290		29,220
	Donegal Group, Inc., Class A		12,386		177,368
*	Donnelley Financial Solutions, Inc.		6,900		50,232
	E*TRADE Financial Corp.		86,881		3,528,237
	Eagle Bancorp Montana, Inc.		1,000		17,400
	East West Bancorp, Inc.		87,046		3,052,703
	Employers Holdings, Inc.		27,567		837,210
*	Equity Bancshares, Inc., Class A		2,393		44,845
	ESSA Bancorp, Inc.		8,217		98,604
	Evans Bancorp, Inc.		1,681		46,681
	Everest Re Group, Ltd.		34,913		6,044,488
	FBL Financial Group, Inc., Class A		24,660		963,713
	Federal Agricultural Mortgage Corp., Class A		177		11,024
	Federal Agricultural Mortgage Corp., Class C		9,500		632,985
	FedNat Holding Co.		13,665		165,620
	Fifth Third Bancorp		380,432		7,110,274
	Financial Institutions, Inc.		296		5,728
	First American Financial Corp.		71,961		3,318,841
	First Bancorp		16,138		429,109
	First BanCorp		184,745		1,077,063
	First Busey Corp.		27,120		499,550
	First Business Financial Services, Inc.		964		16,562
	First Citizens BancShares, Inc., Class A		8,627		3,295,514
	First Commonwealth Financial Corp.		81,147		772,519
	First Defiance Financial Corp.		21,760		378,189
	First Financial Bancorp		87,606		1,347,380
	First Financial Corp.		1,147		40,741
	First Financial Northwest, Inc.		25,371		249,143
	First Hawaiian, Inc.		67,992		1,195,979
#	First Horizon National Corp.		92,882		843,369
	First Internet Bancorp		5,329		83,665
	First Interstate BancSystem, Inc., Class A		7,320		247,416
	First Merchants Corp.		40,115		1,135,656
	First Midwest Bancorp, Inc.		103,318		1,527,040
	First United Corp.		1,266		19,433
	Flagstar Bancorp, Inc.		9,232		239,201
	FNB Corp.		122,668		992,384
	Franklin Financial Network, Inc.		5,337		126,594
	Fulton Financial Corp.		180,780		2,113,318
	Global Indemnity, Ltd.		8,282		203,654
	Goldman Sachs Group, Inc. (The)		198,993		36,499,296
	Great Southern Bancorp, Inc.		1,616		68,793
	Great Western Bancorp, Inc.		25,293		475,508
	Guaranty Federal Bancshares, Inc.		1,684		26,119
*	Hallmark Financial Services, Inc.		16,734		72,291
	Hanmi Financial Corp.		3,221		38,877
	Hanover Insurance Group, Inc. (The)		88,829		8,916,655
	Hartford Financial Services Group, Inc. (The)		245,844		9,339,614
	Heartland Financial USA, Inc.		465		15,796
	Hilltop Holdings, Inc.		26,171		505,100
*	HMN Financial, Inc.		3,456		53,568
	Home Bancorp, Inc.		719		18,263
	Home BancShares, Inc.		49,545		759,525

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
FINANCIALS — (Continued)
	HomeStreet, Inc.		2,200	$	56,210
	Hope Bancorp, Inc.		103,224		1,027,079
	Horace Mann Educators Corp.		58,206		2,046,523
	Huntington Bancshares, Inc.		707,863		6,540,654
	IBERIABANK Corp.		20,196		837,326
	Independence Holding Co.		500		13,830
	Independent Bank Corp.		339		24,710
#	Independent Bank Group, Inc.		40,199		1,218,432
	International Bancshares Corp.		23,718		687,585
	Investors Bancorp, Inc.		81,912		762,601
	Investors Title Co.		1,069		143,139
#	Janus Henderson Group P.L.C.		21,521		385,226
	JPMorgan Chase & Co.		2,307,658		220,981,330
	Kemper Corp.		40,117		2,696,665
	KeyCorp		526,210		6,130,346
	Lakeland Bancorp, Inc.		55,240		618,136
#	Landmark Bancorp, Inc.		2,634		57,869
	Legg Mason, Inc.		44,900		2,237,367
	Lincoln National Corp.		22,300		790,981
	Loews Corp.		243,798		8,450,039
	M&T Bank Corp.		35,300		3,956,424
	Mackinac Financial Corp.		6,893		71,136
	Marlin Business Services Corp.		13,787		146,694
# *	MBIA, Inc.		82,267		669,653
	Mercantile Bank Corp.		4,422		104,359
	Meridian Bancorp, Inc.		1,000		11,780
*	Meridian Corp.		511		7,563
	MetLife, Inc.		318,167		11,479,465
	MGIC Investment Corp.		340,167		2,486,621
	Middlefield Banc Corp.		452		7,797
	MidWestOne Financial Group, Inc.		346		7,221
	Morgan Stanley		1,036,923		40,885,874
	MVB Financial Corp.		716		9,831
	National Western Life Group, Inc., Class A		900		173,457
#	Navient Corp.		61,729		470,375
	Nelnet, Inc., Class A		16,900		813,735
	New York Community Bancorp, Inc.		195,658		2,124,846
»	NewStar Financial, Inc.		41,166		28,911
	Northfield Bancorp, Inc.		2,300		25,921
	Northrim BanCorp, Inc.		5,734		134,462
	Northwest Bancshares, Inc.		109,427		1,161,020
	OceanFirst Financial Corp.		5,466		92,102
	OFG Bancorp		34,148		429,582
	Old National Bancorp		66,704		945,196
	Old Republic International Corp.		252,367		4,025,254
	OneMain Holdings, Inc.		68,655		1,662,138
	Oppenheimer Holdings, Inc., Class A		3,097		63,736
*	Pacific Mercantile Bancorp		4,866		19,513
	Pacific Premier Bancorp, Inc.		3,466		73,999
	PacWest Bancorp		105,681		2,138,983
	Parke Bancorp, Inc.		660		9,299
	Peoples Bancorp of North Carolina, Inc.		275		4,785
	Peoples Bancorp, Inc.		15,923		387,088
	People’s United Financial, Inc.		77,200		979,668
	Pinnacle Financial Partners, Inc.		27,914		1,123,539
	PNC Financial Services Group, Inc. (The)		217,040		23,151,657
	Popular, Inc.		87,336		3,370,296
# *	PRA Group, Inc.		3,923		108,824
	Premier Financial Bancorp, Inc.		9,004		117,052

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
FINANCIALS — (Continued)
	Principal Financial Group, Inc.		218,754	$	7,964,833
	Prosperity Bancshares, Inc.		58,494		3,505,545
#	Protective Insurance Corp., Class A		300		5,637
	Protective Insurance Corp., Class B		5,098		79,631
	Provident Financial Holdings, Inc.		4,144		54,079
	Provident Financial Services, Inc.		71,759		1,029,742
	Prudential Bancorp, Inc.		1,222		15,031
	Prudential Financial, Inc.		220,446		13,749,217
	Radian Group, Inc.		167,314		2,506,364
	Regions Financial Corp.		1,302,555		14,002,466
	Reinsurance Group of America, Inc.		153,566		16,075,289
	RenaissanceRe Holdings, Ltd.		17,953		2,621,318
	Renasant Corp.		44,538		1,168,232
	Riverview Bancorp, Inc.		1,682		9,301
	Safety Insurance Group, Inc.		26,197		2,203,692
	Salisbury Bancorp, Inc.		300		10,125
#	Sandy Spring Bancorp, Inc.		10,325		263,288
	Santander Consumer USA Holdings, Inc.		48,660		758,609
	SB Financial Group, Inc.		1,128		16,469
*	Select Bancorp, Inc.		2,728		22,370
	Selective Insurance Group, Inc.		45,200		2,265,876
	Severn Bancorp, Inc.		1,399		7,974
	Signature Bank		28,102		3,011,972
	Simmons First National Corp., Class A		52,445		980,722
	SLM Corp.		63,919		533,084
	South State Corp.		14,479		837,465
	Southern National Bancorp of Virginia, Inc.		193		1,944
	State Auto Financial Corp.		15,100		378,859
	State Street Corp.		60,004		3,782,652
	Sterling Bancorp		110,271		1,359,641
	Stewart Information Services Corp.		21,171		674,508
	Stifel Financial Corp.		73,600		3,259,008
	Synchrony Financial		544,549		10,776,625
	Synovus Financial Corp.		113,409		2,382,723
	TCF Financial Corp.		154,714		4,593,459
	Territorial Bancorp, Inc.		823		20,682
*	Texas Capital Bancshares, Inc.		22,592		627,606
	Timberland Bancorp, Inc.		3,971		76,839
	Tiptree, Inc.		37,071		236,884
	Towne Bank		10,057		203,151
	Travelers Cos., Inc. (The)		168,250		17,028,582
	TriCo Bancshares		854		25,722
	Truist Financial Corp.		526,391		19,644,912
	Trustmark Corp.		68,317		1,817,915
	UMB Financial Corp.		6,961		353,897
	Umpqua Holdings Corp.		52,732		660,468
	United Bankshares, Inc.		31,427		941,553
	United Community Banks, Inc.		9,172		193,942
	United Fire Group, Inc.		24,429		698,669
	Unity Bancorp, Inc.		3,592		51,581
	Universal Insurance Holdings, Inc.		900		16,407
	Univest Financial Corp.		2,256		39,931
	Unum Group		499,784		8,721,231
	Valley National Bancorp		239,294		2,000,498
	Virtus Investment Partners, Inc.		3,700		300,699
	Voya Financial, Inc.		24,457		1,104,723
	Washington Federal, Inc.		97,887		2,617,498
	Waterstone Financial, Inc.		8,526		123,798
	Webster Financial Corp.		22,479		635,032

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
FINANCIALS — (Continued)
	Wells Fargo & Co.		2,422,026	$	70,359,855
	WesBanco, Inc.		34,796		858,765
	Western New England Bancorp, Inc.		13,698		82,325
	White Mountains Insurance Group, Ltd.		1,572		1,529,556
	Wintrust Financial Corp.		47,328		1,983,043
	WSFS Financial Corp.		40,724		1,188,326
	Zions Bancorp NA		121,745		3,848,359

TOTAL FINANCIALS					1,095,441,290

HEALTH CARE — (18.1%)
	Abbott Laboratories		915,297		84,289,701
# *	Acadia Healthcare Co., Inc.		68,394		1,642,140
*	Addus HomeCare Corp.		2,044		165,605
*	Alexion Pharmaceuticals, Inc.		102,164		10,979,565
	Allergan P.L.C.		26,101		4,889,761
*	Allscripts Healthcare Solutions, Inc.		33,823		219,850
*	AMN Healthcare Services, Inc.		3,400		159,732
*	AngioDynamics, Inc.		14,354		149,712
*	Anika Therapeutics, Inc.		14,671		487,517
	Anthem, Inc.		504,640		141,667,587
*	Arena Pharmaceuticals, Inc.		2,796		136,920
*	Bio-Rad Laboratories, Inc., Class A		6,342		2,791,114
*	BioSpecifics Technologies Corp.		2,500		142,275
	Bristol-Myers Squibb Co.		237,590		14,447,848
*	Brookdale Senior Living, Inc.		106,229		383,487
*	Catalent, Inc.		16,700		1,154,805
*	Centene Corp.		106,514		7,091,702
*	Cigna Corp.		285,386		55,872,871
	CONMED Corp.		43,239		3,195,794
	Cooper Cos., Inc. (The)		13,956		4,001,185
# *	Covetrus, Inc.		7,558		89,865
# *	Cross Country Healthcare, Inc.		33,795		212,571
*	CryoLife, Inc.		17,502		390,820
# *	Cumberland Pharmaceuticals, Inc.		23,319		92,343
	CVS Health Corp.		1,510,745		92,986,355
	Danaher Corp.		375,873		61,440,201
*	DaVita, Inc.		73,290		5,790,643
	DENTSPLY SIRONA, Inc.		67,083		2,847,003
# *	Digirad Corp.		2,671		8,841
*	Elanco Animal Health, Inc.		300		7,413
*	Emergent BioSolutions, Inc.		30,178		2,231,663
	Envista Holdings Corp.		163,737		3,187,959
# *	Enzo Biochem, Inc.		6,287		18,987
*	Exelixis, Inc.		31,444		776,510
*	FONAR Corp.		1,460		28,470
*	Globus Medical, Inc., Class A		13,207		626,804
# *	Harvard Bioscience, Inc.		16,180		44,495
*	HMS Holdings Corp.		6,400		183,520
*	Horizon Therapeutics P.L.C.		45,000		1,621,800
	Humana, Inc.		198,071		75,627,469
*	Integer Holdings Corp.		41,672		3,102,897
# *	IntriCon Corp.		8,135		107,382
*	Jazz Pharmaceuticals P.L.C.		44,811		4,940,413
	Kewaunee Scientific Corp.		1,631		17,126
*	Laboratory Corp. of America Holdings		9,871		1,623,286
# *	LHC Group, Inc.		30,318		3,941,037
# *	Ligand Pharmaceuticals, Inc.		2,168		213,700
	Luminex Corp.		19,129		689,600
*	Magellan Health, Inc.		18,899		1,147,736

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
HEALTH CARE — (Continued)
* »	MedCath Corp.		29,240	$	0
# *	MEDNAX, Inc.		75,502		1,096,289
# *	Medpace Holdings, Inc.		800		63,888
	Medtronic P.L.C.		814,175		79,487,905
*	Meridian Bioscience, Inc.		37,500		450,000
*	Merit Medical Systems, Inc.		27,130		1,107,447
# *	Molina Healthcare, Inc.		18,941		3,105,756
*	Mylan NV		114,871		1,926,387
# *	Myriad Genetics, Inc.		1,987		30,719
	National HealthCare Corp.		6,880		470,386
*	Natus Medical, Inc.		16,198		404,788
*	NuVasive, Inc.		4,355		265,132
*	Omnicell, Inc.		35,405		2,581,024
*	OraSure Technologies, Inc.		69,400		1,106,236
#	Patterson Cos., Inc.		12,992		237,494
	PerkinElmer, Inc.		76,500		6,925,545
	Perrigo Co. P.L.C.		36,061		1,922,051
	Pfizer, Inc.		3,696,959		141,815,347
*	Premier, Inc., Class A		13,070		433,401
*	Prestige Consumer Healthcare, Inc.		111,489		4,536,487
*	Providence Service Corp. (The)		9,300		539,493
	Quest Diagnostics, Inc.		20,299		2,235,123
*	RTI Surgical Holdings, Inc.		63,120		170,740
*	Select Medical Holdings Corp.		124,004		2,116,748
	STERIS P.L.C.		200		28,500
*	Supernus Pharmaceuticals, Inc.		523		12,238
# *	Surmodics, Inc.		5,593		213,093
# *	Syneos Health, Inc.		37,367		2,084,705
*	Taro Pharmaceutical Industries, Ltd.		3,478		240,365
	Teleflex, Inc.		20,806		6,978,332
	Thermo Fisher Scientific, Inc.		435,609		145,789,620
# *	Triple-S Management Corp., Class B		21,741		368,075
*	United Therapeutics Corp.		16,900		1,851,564
	UnitedHealth Group, Inc.		89,716		26,239,239
	Universal Health Services, Inc., Class B		38,927		4,114,195
*	Vanda Pharmaceuticals, Inc.		700		8,050
*	Varex Imaging Corp.		5,400		141,102
	Zimmer Biomet Holdings, Inc.		34,405		4,118,278

TOTAL HEALTH CARE					1,043,081,822

INDUSTRIALS — (12.2%)
	AAR Corp.		35,596		696,970
	ABM Industries, Inc.		76,400		2,635,036
	Acme United Corp.		1,030		22,361
	Acuity Brands, Inc.		32,822		2,842,057
# *	Advanced Disposal Services, Inc.		9,007		290,476
*	AECOM		22,080		800,621
*	Aegion Corp.		38,330		615,196
# *	Aerovironment, Inc.		35,065		2,113,017
	AGCO Corp.		73,273		3,871,745
	Air Lease Corp.		74,037		1,936,068
*	Air Transport Services Group, Inc.		21,308		431,274
	Alamo Group, Inc.		22,751		2,239,608
	Alaska Air Group, Inc.		114,992		3,739,540
	Albany International Corp., Class A		20,551		1,050,978
	Allegiant Travel Co.		10,873		853,313
	Allied Motion Technologies, Inc.		1,458		42,020
	Altra Industrial Motion Corp.		15,484		432,158
	AMERCO		29,431		8,244,506

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
INDUSTRIALS — (Continued)
*	Ameresco, Inc., Class A		981	$	17,717
*	American Woodmark Corp.		17,504		899,881
	Apogee Enterprises, Inc.		36,374		743,485
	Applied Industrial Technologies, Inc.		11,718		613,906
	ARC Document Solutions, Inc.		20,800		14,560
	ArcBest Corp.		12,135		247,190
	Arcosa, Inc.		61,271		2,283,570
	Argan, Inc.		16,121		605,182
*	ASGN, Inc.		55,051		2,557,119
	Astec Industries, Inc.		22,925		919,522
# *	Atlas Air Worldwide Holdings, Inc.		29,094		955,738
	AZZ, Inc.		19,600		615,244
	Barnes Group, Inc.		52,200		2,003,436
*	Beacon Roofing Supply, Inc.		32,799		721,578
*	BMC Stock Holdings, Inc.		52,400		1,113,500
	Brady Corp., Class A		55,500		2,416,470
*	Builders FirstSource, Inc.		28,442		521,911
*	CAI International, Inc.		17,082		281,682
	Carlisle Cos., Inc.		42,219		5,106,810
*	Carrier Global Corp.		245,098		4,340,686
*	Casella Waste Systems, Inc., Class A		5,201		241,222
*	CBIZ, Inc.		39,049		927,414
*	CECO Environmental Corp.		3,773		20,450
*	Chart Industries, Inc.		23,620		843,706
	Chicago Rivet & Machine Co.		700		15,057
*	CIRCOR International, Inc.		6,849		102,256
*	Clean Harbors, Inc.		40,519		2,164,930
# *	Colfax Corp.		17,646		455,090
	Columbus McKinnon Corp.		17,542		475,037
	Comfort Systems USA, Inc.		44,560		1,483,848
*	Commercial Vehicle Group, Inc.		31,533		76,310
	CompX International, Inc.		500		6,890
#	Copa Holdings SA, Class A		33,488		1,480,504
	CoreLogic, Inc.		96,545		3,709,259
*	Covenant Transportation Group, Inc., Class A		7,080		62,870
	CRA International, Inc.		7,613		320,736
	Crane Co.		17,597		958,157
	CSW Industrials, Inc.		300		19,872
	CSX Corp.		1,008,000		66,759,840
#	Cubic Corp.		31,381		1,199,068
	Curtiss-Wright Corp.		46,353		4,804,488
	Delta Air Lines, Inc.		433,135		11,222,528
	Deluxe Corp.		17,026		479,622
	Douglas Dynamics, Inc.		30,234		1,117,449
*	Ducommun, Inc.		12,645		357,095
*	DXP Enterprises, Inc.		16,202		241,734
# *	Dycom Industries, Inc.		8,097		263,962
	Eastern Co. (The)		10,193		183,474
	Eaton Corp. P.L.C.		265,270		22,150,045
*	Echo Global Logistics, Inc.		31,380		550,091
	EMCOR Group, Inc.		63,171		4,013,254
	Encore Wire Corp.		24,066		1,101,741
#	Enerpac Tool Group Corp.		21,000		358,260
	EnerSys		44,939		2,623,988
	Ennis, Inc.		30,835		573,839
	ESCO Technologies, Inc.		29,848		2,277,402
	Espey Manufacturing & Electronics Corp.		1,671		31,766
	Federal Signal Corp.		71,923		1,936,886
	FedEx Corp.		144,562		18,326,125

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
INDUSTRIALS — (Continued)
	Flowserve Corp.		52,147	$	1,468,981
	Fortune Brands Home & Security, Inc.		123,726		5,963,593
	Forward Air Corp.		5,747		296,545
*	Franklin Covey Co.		3,046		63,204
	Franklin Electric Co., Inc.		21,158		1,074,826
*	FTI Consulting, Inc.		43,936		5,595,689
#	GATX Corp.		65,445		3,880,888
*	Gencor Industries, Inc.		13,149		159,366
*	Gibraltar Industries, Inc.		34,903		1,616,009
*	Goldfield Corp. (The)		4,304		14,849
	Gorman-Rupp Co. (The)		22,062		650,829
*	GP Strategies Corp.		18,583		147,921
#	Granite Construction, Inc.		13,854		227,760
*	Great Lakes Dredge & Dock Corp.		69,820		617,209
#	Greenbrier Cos., Inc. (The)		23,651		401,594
#	Griffon Corp.		40,152		658,894
#	Hawaiian Holdings, Inc.		35,522		511,517
	Heartland Express, Inc.		13,705		268,481
	Heidrick & Struggles International, Inc.		18,634		418,147
*	Herc Holdings, Inc.		1,679		47,398
*	Heritage-Crystal Clean, Inc.		7,665		140,653
	Herman Miller, Inc.		23,686		533,882
# *	Hertz Global Holdings, Inc.		50,225		202,909
	Hillenbrand, Inc.		20,148		422,101
*	Houston Wire & Cable Co.		9,200		21,252
	Howmet Aerospace, Inc.		222,905		2,913,368
*	Hub Group, Inc., Class A		1,944		93,526
	Hubbell, Inc.		17,724		2,205,397
	Hurco Cos., Inc.		7,910		258,578
*	Huron Consulting Group, Inc.		25,901		1,451,492
	Hyster-Yale Materials Handling, Inc.		12,246		478,084
*	IAA Inc.		18,100		698,660
	ICF International, Inc.		31,660		2,328,276
*	Ingersoll Rand, Inc.		193,247		5,619,623
*	InnerWorkings, Inc.		11,981		21,206
	Insteel Industries, Inc.		17,578		308,845
	Interface, Inc.		9,774		90,312
	ITT, Inc.		92,819		4,893,418
	Jacobs Engineering Group, Inc.		12,700		1,050,925
*	JELD-WEN Holding, Inc.		4,547		57,747
*	JetBlue Airways Corp.		324,893		3,164,458
	Kadant, Inc.		10,486		881,768
	Kaman Corp.		27,087		1,049,892
#	KAR Auction Services, Inc.		18,100		271,138
	Kennametal, Inc.		49,746		1,273,995
	Kimball International, Inc., Class B		38,632		474,015
*	Kirby Corp.		15,266		815,510
#	Knight-Swift Transportation Holdings, Inc.		84,110		3,127,210
	Knoll, Inc.		8,100		94,446
	Korn Ferry		63,010		1,816,578
*	Kratos Defense & Security Solutions, Inc.		2,711		40,719
	L3Harris Technologies, Inc.		127,356		24,668,857
*	Lawson Products, Inc.		8,847		297,348
*	LB Foster Co., Class A		4,904		70,569
	LSI Industries, Inc.		15,841		98,214
*	Lydall, Inc.		15,605		174,776
#	Macquarie Infrastructure Corp.		16,662		459,705
	ManpowerGroup, Inc.		57,319		4,255,363
	Marten Transport, Ltd.		79,636		1,785,439

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
INDUSTRIALS — (Continued)
*	Masonite International Corp.		19,500	$	1,152,060
# *	MasTec, Inc.		63,539		2,281,050
	Matson, Inc.		62,316		1,884,436
	Matthews International Corp., Class A		25,800		617,652
	McGrath RentCorp		22,452		1,224,757
*	Mercury Systems, Inc.		2,055		183,224
*	Middleby Corp. (The)		6,600		367,158
	Miller Industries, Inc.		20,099		610,608
*	Mistras Group, Inc.		14,828		70,433
	Mobile Mini, Inc.		54,461		1,555,951
	Moog, Inc., Class A		35,839		1,773,314
*	MRC Global, Inc.		97,164		520,799
	MSC Industrial Direct Co., Inc., Class A		3,500		208,740
	Mueller Industries, Inc.		44,012		1,139,911
	Mueller Water Products, Inc., Class A		72,387		686,953
*	MYR Group, Inc.		19,582		587,460
	National Presto Industries, Inc.		5,471		444,847
	Nielsen Holdings P.L.C.		17,000		250,410
	NL Industries, Inc.		100		335
	NN, Inc.		9,957		34,352
	Norfolk Southern Corp.		545,229		93,288,682
*	Northwest Pipe Co.		5,286		128,555
*	NOW, Inc.		12,749		78,661
	nVent Electric P.L.C.		141,034		2,630,284
	Oshkosh Corp.		76,335		5,154,902
*	Otis Worldwide Corp.		122,549		6,238,970
	Owens Corning		149,300		6,473,648
	PACCAR, Inc.		165,276		11,442,057
*	PAM Transportation Services, Inc.		6,449		246,223
	Park Aerospace Corp.		9,330		124,182
	Park-Ohio Holdings Corp.		2,542		46,595
	Patrick Industries, Inc.		13,200		544,104
	Pentair P.L.C.		75,472		2,610,576
*	Perma-Pipe International Holdings, Inc.		8,900		51,620
*	PGT Innovations, Inc.		49,980		516,793
	Powell Industries, Inc.		5,719		145,091
	Preformed Line Products Co.		400		19,872
	Primoris Services Corp.		34,000		530,740
	Quad/Graphics, Inc.		6,491		24,146
	Quanex Building Products Corp.		30,731		383,216
	Quanta Services, Inc.		168,307		6,119,642
*	Radiant Logistics, Inc.		42,044		179,948
	Raytheon Technologies Corp.		226,232		14,662,096
*	RCM Technologies, Inc.		15,245		22,105
	Regal Beloit Corp.		22,880		1,624,709
	Republic Services, Inc.		429,755		33,667,007
*	Resideo Technologies, Inc.		27,514		141,147
	Resources Connection, Inc.		31,255		340,054
	Rexnord Corp.		66,378		1,810,128
	Rush Enterprises, Inc., Class A		33,503		1,256,362
	Rush Enterprises, Inc., Class B		18,522		654,012
	Ryder System, Inc.		89,844		3,180,478
*	Saia, Inc.		29,325		2,713,149
	Schneider National, Inc., Class B		9,398		205,910
*	Sensata Technologies Holding P.L.C.		88,061		3,203,659
*	SIFCO Industries, Inc.		4,527		11,040
	Simpson Manufacturing Co., Inc.		37,725		2,719,972
	SkyWest, Inc.		57,460		1,778,387
	Snap-on, Inc.		38,115		4,966,003

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
INDUSTRIALS — (Continued)
	Southwest Airlines Co.		531,263	$	16,601,969
	Spartan Motors, Inc.		33,020		465,252
# *	Spirit Airlines, Inc.		63,489		953,605
*	SPX FLOW, Inc.		15,945		519,329
	Standex International Corp.		22,341		1,113,475
	Stanley Black & Decker, Inc.		129,900		14,314,980
	Steelcase, Inc., Class A		100,669		1,102,326
# *	Stericycle, Inc.		33,600		1,639,680
*	Sterling Construction Co., Inc.		29,900		295,412
# *	Team, Inc.		12,074		74,497
	Terex Corp.		42,936		652,198
	Tetra Tech, Inc.		57,122		4,300,144
*	Textainer Group Holdings, Ltd.		10,800		94,824
	Textron, Inc.		77,944		2,054,604
*	Thermon Group Holdings, Inc.		5,700		87,096
	Timken Co. (The)		40,125		1,507,897
	Titan International, Inc.		18,000		25,380
*	Titan Machinery, Inc.		17,783		167,160
	Trane Technologies P.L.C.		213,109		18,629,989
*	Transcat, Inc.		7,700		216,293
*	TriMas Corp.		10,200		243,168
#	Trinity Industries, Inc.		120,734		2,328,959
#	Triton International, Ltd.		28,853		893,866
# *	Twin Disc, Inc.		6,900		41,469
	UFP Industries, Inc.		95,400		3,922,848
*	Ultralife Corp.		3,309		23,328
	UniFirst Corp.		18,705		3,145,246
	Union Pacific Corp.		420,400		67,175,716
*	United Airlines Holdings, Inc.		138,905		4,108,810
*	United Rentals, Inc.		51,618		6,632,913
# *	Univar Solutions, Inc.		77,916		1,131,340
# *	USA Truck, Inc.		7,482		37,260
	Valmont Industries, Inc.		10,420		1,221,641
*	Vectrus, Inc.		11,269		586,101
*	Veritiv Corp.		9,937		93,110
	Viad Corp.		23,193		555,936
*	Virco Manufacturing Corp.		12,601		29,990
	VSE Corp.		6,244		120,010
#	Wabash National Corp.		23,800		195,160
	Watts Water Technologies, Inc., Class A		29,209		2,406,822
	Werner Enterprises, Inc.		51,539		2,067,745
*	WESCO International, Inc.		50,840		1,315,231
*	Willdan Group, Inc.		7,100		180,056
*	Willis Lease Finance Corp.		6,713		134,327
	Woodward, Inc.		14,712		890,959
# *	XPO Logistics, Inc.		103,005		6,874,554

TOTAL INDUSTRIALS					703,168,200

INFORMATION TECHNOLOGY — (11.0%)
*	ACI Worldwide, Inc.		2,971		81,405
*	Advanced Energy Industries, Inc.		3,570		198,492
*	Agilysys, Inc.		3,000		58,770
*	Alithya Group, Inc., Class A		11,334		20,515
	Alliance Data Systems Corp.		7,000		350,490
*	Alpha & Omega Semiconductor, Ltd.		20,661		248,552
	Amdocs, Ltd.		99,072		6,384,200
*	Amkor Technology, Inc.		1,400		13,832
	Analog Devices, Inc.		24,652		2,701,859
*	Anixter International, Inc.		17,801		1,653,001

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
INFORMATION TECHNOLOGY — (Continued)
*	Arrow Electronics, Inc.		175,521	$	11,043,781
	AstroNova, Inc.		6,285		44,184
	Avnet, Inc.		84,362		2,532,547
*	Aware, Inc.		14,326		36,531
*	Axcelis Technologies, Inc.		31,733		741,283
*	AXT, Inc.		24,921		137,813
#	Bel Fuse, Inc., Class A		3,574		25,411
	Bel Fuse, Inc., Class B		11,381		84,902
	Belden, Inc.		2,684		91,766
	Benchmark Electronics, Inc.		62,063		1,282,222
	Brooks Automation, Inc.		52,147		2,007,138
	Cabot Microelectronics Corp.		13,809		1,692,155
*	CACI International, Inc., Class A		27,304		6,829,823
*	CalAmp Corp.		26,700		179,424
*	Calix, Inc.		5,463		62,825
# *	Cardtronics P.L.C., Class A		13,293		304,410
#	Cerence Inc.		24,487		518,145
*	Ciena Corp.		133,800		6,188,250
*	Cirrus Logic, Inc.		66,501		5,027,476
	Cisco Systems, Inc.		5,337		226,182
# *	Coherent, Inc.		16,244		2,077,120
	Cohu, Inc.		35,808		591,906
# *	CommScope Holding Co., Inc.		103,267		1,136,970
	Comtech Telecommunications Corp.		15,569		288,182
*	Conduent, Inc.		481		1,212
	Corning, Inc.		785,955		17,298,870
# *	Cree, Inc.		13,400		577,942
	CSP, Inc.		2,414		25,323
	CTS Corp.		66,936		1,550,238
*	CyberOptics Corp.		3,281		83,961
	Daktronics, Inc.		40,433		182,757
# *	Digi International, Inc.		25,438		288,721
*	Diodes, Inc.		48,570		2,471,727
*	DSP Group, Inc.		46,713		805,799
	DXC Technology Co.		228,936		4,150,610
*	EchoStar Corp., Class A		27,350		862,893
*	EMCORE Corp.		744		2,031
*	ePlus, Inc.		17,490		1,237,418
*	Fabrinet		41,355		2,595,026
	Fidelity National Information Services, Inc.		201,896		26,628,063
# *	First Solar, Inc.		30,266		1,332,007
*	Fiserv, Inc.		38,562		3,974,200
*	Flex, Ltd.		467,295		4,560,799
	FLIR Systems, Inc.		78,882		3,423,479
*	FormFactor, Inc.		83,395		1,943,103
*	Frequency Electronics, Inc.		7,390		74,270
	Global Payments, Inc.		76,846		12,757,973
*	GSI Technology, Inc.		2,491		19,255
	Hackett Group, Inc. (The)		18,000		266,940
# *	Harmonic, Inc.		82,383		477,821
	Hewlett Packard Enterprise Co.		894,616		8,999,837
*	Ichor Holdings, Ltd.		14,000		348,600
# *	II-VI, Inc.		548		18,862
*	Insight Enterprises, Inc.		42,100		2,285,609
	Intel Corp.		4,943,498		296,511,010
	InterDigital, Inc.		21,111		1,219,582
*	Itron, Inc.		25,301		1,766,516
	Jabil, Inc.		156,633		4,454,643
	Juniper Networks, Inc.		195,414		4,220,942

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
INFORMATION TECHNOLOGY — (Continued)
	KBR, Inc.		136,686	$	2,769,258
	KEMET Corp.		58,223		1,572,603
*	Key Tronic Corp.		17,623		81,594
*	Kimball Electronics, Inc.		23,443		316,949
*	Knowles Corp.		99,915		1,553,678
	Kulicke & Soffa Industries, Inc.		74,988		1,797,462
*	KVH Industries, Inc.		13,696		127,099
*	Lattice Semiconductor Corp.		35,397		796,786
*	Limelight Networks, Inc.		63,304		320,951
	Littelfuse, Inc.		7,314		1,062,285
*	LiveRamp Holdings, Inc.		7,769		294,134
	LogMeIn, Inc.		20,208		1,726,976
# *	Lumentum Holdings, Inc.		51,495		4,166,460
	ManTech International Corp., Class A		30,048		2,240,379
	Marvell Technology Group, Ltd.		166,418		4,450,017
	Methode Electronics, Inc.		72,016		2,161,920
*	Micron Technology, Inc.		878,203		42,057,142
	MKS Instruments, Inc.		62,405		6,254,853
	MTS Systems Corp.		20,700		440,289
*	NETGEAR, Inc.		34,428		825,583
*	Nuance Communications, Inc.		195,900		3,957,180
# *	ON Semiconductor Corp.		379,816		6,094,148
*	Onto Innovation Inc.		46,997		1,525,523
# *	Optical Cable Corp.		10,474		27,756
*	OSI Systems, Inc.		19,200		1,389,696
# *	PAR Technology Corp.		10,048		190,008
	PC Connection, Inc.		35,467		1,629,709
*	Perceptron, Inc.		1,300		3,653
*	Perficient, Inc.		28,300		985,689
	Perspecta, Inc.		114,468		2,469,075
*	Photronics, Inc.		79,712		952,558
*	Plexus Corp.		35,152		2,203,679
*	Qorvo, Inc.		95,832		9,394,411
*	Rambus, Inc.		9,315		116,717
	Richardson Electronics, Ltd.		15,464		61,856
# *	Rogers Corp.		10,243		1,137,383
*	Sanmina Corp.		39,846		1,104,930
*	ScanSource, Inc.		21,541		558,343
	Science Applications International Corp.		30,919		2,524,846
	SS&C Technologies Holdings, Inc.		51,586		2,845,484
*	Sykes Enterprises, Inc.		21,292		609,590
# *	Synaptics, Inc.		38,700		2,530,593
	SYNNEX Corp.		55,899		4,894,516
	TE Connectivity, Ltd.		197,255		14,490,352
*	Tech Data Corp.		81,325		11,437,548
#	TESSCO Technologies, Inc.		8,689		53,524
	TiVo Corp.		19,000		133,570
*	TTM Technologies, Inc.		72,684		842,408
# *	Ultra Clean Holdings, Inc.		39,982		735,269
*	Verint Systems, Inc.		44,826		1,915,863
# *	ViaSat, Inc.		22,743		964,303
*	Viavi Solutions, Inc.		16,203		195,732
*	Virtusa Corp.		30,064		992,112
	Vishay Intertechnology, Inc.		151,731		2,517,217
*	Vishay Precision Group, Inc.		16,480		381,018
	Western Digital Corp.		215,907		9,948,995
*	Xerox Holdings Corp.		128,558		2,351,326
	Xperi Corp.		54,435		831,767

TOTAL INFORMATION TECHNOLOGY					632,294,366

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
MATERIALS — (3.0%)
*	AdvanSix, Inc.		19,500	$	237,510
#	Albemarle Corp.		92,334		5,672,078
*	Alcoa Corp.		43,626		355,552
# *	Allegheny Technologies, Inc.		44,120		331,341
# *	Amcor, PLC		213,649		1,916,432
*	Arconic Corp.		64,458		562,074
	Ashland Global Holdings, Inc.		112,560		6,943,826
*	Berry Global Group, Inc.		8,100		322,299
	Boise Cascade Co.		43,464		1,359,119
	Cabot Corp.		46,280		1,568,429
	Carpenter Technology Corp.		52,999		1,174,988
# *	Century Aluminum Co.		2,522		10,971
	Chemours Co. (The)		7,630		89,500
*	Clearwater Paper Corp.		895		21,426
	Commercial Metals Co.		88,897		1,417,018
	Compass Minerals International, Inc.		3,757		184,694
# *	Core Molding Technologies, Inc.		11,847		29,854
*	Corteva, Inc.		3,686		96,536
	Domtar Corp.		46,407		1,084,068
*	Dow, Inc.		163,118		5,984,799
	DuPont de Nemours, Inc.		3,686		173,316
	Eastman Chemical Co.		62,099		3,757,610
# *	Element Solutions, Inc.		90,367		926,262
	Friedman Industries, Inc.		3,048		12,984
	FutureFuel Corp.		6,104		63,360
	Gold Resource Corp.		53,300		220,129
	Graphic Packaging Holding Co.		204,980		2,736,483
	Greif, Inc., Class A		21,053		713,486
	Greif, Inc., Class B		400		15,900
	Hawkins, Inc.		10,809		404,581
	Haynes International, Inc.		10,047		222,039
	HB Fuller Co.		57,208		2,104,682
	Hecla Mining Co.		73,348		192,905
	Huntsman Corp.		219,652		3,692,350
	Innospec, Inc.		24,133		1,750,125
	International Flavors & Fragrances, Inc.		12,728		1,667,750
	International Paper Co.		237,550		8,136,087
	Kaiser Aluminum Corp.		27,181		1,963,284
*	Kraton Corp.		18,082		282,260
	Kronos Worldwide, Inc.		2,217		21,039
	Linde P.L.C.		30,539		5,618,871
	Louisiana-Pacific Corp.		173,457		3,469,140
*	LSB Industries, Inc.		1,758		3,498
	LyondellBasell Industries NV, Class A		33,690		1,952,335
	Martin Marietta Materials, Inc.		23,633		4,495,706
	Materion Corp.		19,190		992,891
	Mercer International, Inc.		21,725		218,988
	Minerals Technologies, Inc.		34,280		1,509,691
	Myers Industries, Inc.		22,700		280,572
	Neenah, Inc.		7,684		375,440
	Newmont Corp.		502,635		29,896,730
	Northern Technologies International Corp.		6,070		49,410
	Nucor Corp.		164,456		6,773,943
#	Olin Corp.		186,712		2,492,605
	Olympic Steel, Inc.		9,986		94,268
	Packaging Corp. of America		15,471		1,495,272
	PH Glatfelter Co.		43,300		632,180
	PolyOne Corp.		1,985		46,231
*	PQ Group Holdings, Inc.		2,829		33,156

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
MATERIALS — (Continued)
	Rayonier Advanced Materials, Inc.		3,100	$	5,518
	Reliance Steel & Aluminum Co.		93,801		8,402,694
*	Resolute Forest Products, Inc.		46,500		112,065
	Royal Gold, Inc.		28,500		3,492,105
*	Ryerson Holding Corp.		10,600		48,972
	Schnitzer Steel Industries, Inc., Class A		400		6,224
	Schweitzer-Mauduit International, Inc.		31,500		1,014,930
	Sensient Technologies Corp.		38,101		1,820,847
	Silgan Holdings, Inc.		5,100		175,950
	Sonoco Products Co.		80,873		3,949,837
	Steel Dynamics, Inc.		215,469		5,229,433
	Stepan Co.		22,152		2,113,301
*	Summit Materials, Inc., Class A		95,498		1,442,975
	SunCoke Energy, Inc.		45,766		144,163
# *	Synalloy Corp.		949		8,389
# *	TimkenSteel Corp.		34,788		90,449
*	Trecora Resources		10,776		63,578
	Tredegar Corp.		26,545		437,462
	Trinseo SA		39,519		808,164
# *	Tronox Holdings P.L.C., Class A		64,513		439,979
*	UFP Technologies, Inc.		339		14,577
	United States Lime & Minerals, Inc.		2,500		200,250
#	United States Steel Corp.		25,874		198,712
# *	Universal Stainless & Alloy Products, Inc.		6,269		46,829
*	US Concrete, Inc.		4,591		88,055
	Valvoline, Inc.		204,538		3,516,008
*	Verso Corp., Class A		2,361		32,794
	Vulcan Materials Co.		58,246		6,580,051
	Westlake Chemical Corp.		158,152		6,871,704
	WestRock Co.		162,029		5,215,714
	Worthington Industries, Inc.		47,320		1,251,141

TOTAL MATERIALS					172,672,943

REAL ESTATE — (0.2%)
*	CBRE Group, Inc., Class A		89,249		3,831,460
	Griffin Industrial Realty, Inc.		1,500		57,630
	Jones Lang LaSalle, Inc.		40,739		4,301,224
	Kennedy-Wilson Holdings, Inc.		96,704		1,368,362
	Newmark Group, Inc., Class A		28,647		111,150
*	Rafael Holdings, Inc., Class B		550		7,760
	RE/MAX Holdings, Inc., Class A		3,800		99,902
# *	St Joe Co. (The)		40,700		744,810
*	Stratus Properties, Inc.		3,069		51,467

TOTAL REAL ESTATE					10,573,765

UTILITIES — (0.1%)
	MDU Resources Group, Inc.		134,867		3,029,113
	New Jersey Resources Corp.		46,254		1,562,460
	NRG Energy, Inc.		55,469		1,859,875
	Ormat Technologies, Inc.		21,734		1,356,419

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED


		Shares		Value†
UTILITIES — (Continued)
	Vistra Energy Corp.		26,700	$	521,718

TOTAL UTILITIES					8,329,585

TOTAL COMMON STOCKS					5,637,715,346

RIGHTS/WARRANTS — (0.0%)

ENERGY — (0.0%)
# * »	Parker Drilling Co. Warrants 09/16/2024		710		0

TOTAL INVESTMENT SECURITIES (Cost $3,484,456,097)					5,637,715,346

TEMPORARY CASH INVESTMENTS — (1.2%)
	State Street Institutional U.S. Government Money Market Fund 0.216%		69,908,508		69,908,508

SECURITIES LENDING COLLATERAL — (1.0%)
@ §	The DFA Short Term Investment Fund		4,829,090		55,877,406

TOTAL INVESTMENTS — (100.0%) (Cost $3,610,231,060)				$	5,763,501,260

P.L.C.

Public Limited Company

SA	Special Assessment

†	See Note B to Financial Statements.

#	Total or Partial Securities on Loan.

*	Non-Income Producing Securities.

»	Securities that have generally been fair value factored. See Note B to Financial Statements.

@	Security purchased with cash collateral received from Securities on Loan.

§	Affiliated Fund.

Summary of the Series’ investments as of April 30, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):


	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	838,850,953		—		—	$	838,850,953
Consumer Discretionary		310,180,848	$	2,381		—		310,183,229
Consumer Staples		416,508,237		—		—		416,508,237
Energy		406,610,956		—		—		406,610,956
Financials		1,095,412,379		28,911		—		1,095,441,290
Health Care		1,043,081,822		—		—		1,043,081,822
Industrials		703,168,200		—		—		703,168,200
Information Technology		632,294,366		—		—		632,294,366
Materials		172,672,943		—		—		172,672,943
Real Estate		10,573,765		—		—		10,573,765
Utilities		8,329,585		—		—		8,329,585
Temporary Cash Investments		69,908,508		—		—		69,908,508
Securities Lending Collateral		—		55,877,406		—		55,877,406

TOTAL	$	5,707,592,562	$	55,908,698		—	$	5,763,501,260

See accompanying Notes to Financial Statements.

(b) Not applicable.

ITEM 7.

DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

This item is not applicable to the Registrant, which is an open-end management investment company.

ITEM 8.

PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

This item is not applicable to the Registrant, which is an open-end management investment company.

ITEM 9.

PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

This item is not applicable to the Registrant, which is an open-end management investment company.

ITEM 10.

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None.

ITEM 11.

CONTROLS AND PROCEDURES.

(a)

Based on their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this Form N-CSR (the “Report”), the Registrant’s Co-Principal Executive Officers and Principal Financial Officer believe that the disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effectively designed to ensure that information required to be disclosed by the Registrant in the Report is recorded, processed, summarized and reported by the filing date, including ensuring that information required to be disclosed in the Report is accumulated and communicated to the Registrant’s officers that are making certifications in the Report, as appropriate, to allow timely decisions regarding required disclosure. The Registrant’s management, including the Co-Principal Executive Officers and the Principal Financial Officer, recognizes that any set of controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.

(b)

There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940, as amended) that occurred during the period covered by this Report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

ITEM 12.

DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

This item is not applicable to the Registrant, which is an open-end management investment company.

ITEM 13.

EXHIBITS.



(a)(1)		This item is not applicable.

(a)(2)		Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are filed herewith.

(a)(3)		This item is not applicable.

(b)		Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 are filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.


The DFA Investment Trust Company

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

Date: July 6, 2020



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

Date: July 6, 2020

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.



By:		/s/ David P. Butler
		David P. Butler
		Co-Principal Executive Officer
		The DFA Investment Trust Company

Date: July 6, 2020



By:		/s/ Gerard K. O’Reilly
		Gerard K. O’Reilly
		Co-Principal Executive Officer
		The DFA Investment Trust Company

Date: July 6, 2020



By:		/s/ Lisa M. Dallmer
		Lisa M. Dallmer
		Principal Financial Officer
		The DFA Investment Trust Company

Date: July 6, 2020