IFA INDEXES

  SRI Indexes
 
IFA US Social Core Equity 2 Index IFA International Real Estate Index IFA Emerging Markets Social Core Index

When IFA Indexes are shown in Index Portfolios, all returns data reflects a deduction of 0.9% annual investment advisory fee, which is the maximum IFA fee. Your fee may be less depending on assets under management at IFA. Unless indicated otherwise, data shown for each individual IFA Index is shown without a deduction of the IFA advisory fee. We choose this method because the creation, choice, monitoring and rebalancing of diversified index portfolios are the services of the independent investment advisor and at that point the fees are appropriate to deduct from the whole portfolio returns.

Live Dimensional Fund Advisors (DFA) fund data does reflect the deduction of mutual fund advisory fees, mutual fund company brokerage fees, other expenses incurred by the portfolios and incorporates actual trading results, and when specified a deduction of 0.9% annual investment advisory fee, which is the maximum IFA fee. Simulated index data also reflects DFA current mutual fund expense ratios for the entire period. Both simulated and live data reflect total returns, including dividends, except for NASDAQ. For a graphic representation of the descriptions below, see IFA Indexes Time Series Construction and the description of indexes or asset classes can be found below. The descriptions listed below indicate how asset classes are strung together to simulate similar risk and return characteristics back to 1970. This reduces the standard error of the mean which is unacceptably high for periods less than 20 or 30 years. As of Jan 2005, all IFA index portfolios are rebalanced annually because that more closely matches the IFA practice. Data shown on this web site prior to Jan 2005 was shown as being rebalanced monthly.

In June of 2006, the historical monthly returns of the fifteen IFA indexes and the twenty IFA index portfolios were reconstructed to address the following issues:

I.) The availability of new and better sources of data for historical returns.
II.) The correction of errors in the prior data.
III.) Changes to the substitution of U.S. index data for international indexes in years prior to the existence of international data.

As of January 2008, The historical monthly returns of the fifteen IFA indexes and the twenty IFA index portfolios were reconstructed in January of 2008 to address the following issues:

I.) The availability of new and better sources of data for historical returns.
II.) The substitution of U.S. Small Cap for U.S. Micro Cap.
III.) The substitution of U.S. Targeted Value for U.S. Small Value.

Click Here to see a summary of history of changes made to the IFA Indexes and Portfolios.
All live mutual fund portfolios tracked in IFA indexes are net of DFA fees.
Indexes and Simulations are also net of estimated DFA Fees
IFA Advisory fees are deducted when IFA indexes are presented in the IFA Index Portfolios.
 
1.
IFA US Large Company Index  

January 1928 – December 1990: S&P 500 minus 0.0125%/month

January 1991 – April 2010: DFA US Large Company symbol: DFLCX

May 2010 – Present : DFA US Large Company Symbol: DFUSX

 DFA US Large Company Portfolio Class I

Investment Objective of DFA US Large Company Symbol: DFUSX

The US Large Company Portfolio (formerly the US Large Company Institutional Index Portfolio) ‡ is a no-load mutual fund designed to approximate the investment performance of the S&P 500 Index, both in terms of the price of the Portfolio's shares and its total investment return. The Portfolio intends to invest in all of the stocks that comprise the S&P 500 Index in approximately the same proportions as they are represented in the Index. The S&P 500 Index is comprised of a broad and diverse group of stocks most of which are traded on the NYSE. Generally, these are the US stocks with the largest market capitalizations and, as a group, they represent approximately 70% of the total market capitalization of all publicly traded US stocks.
All Data as of March. 31, 2010, unless otherwise indicated.
  Average Annual Total Returns One Year Three Years Five Years Ten Years  
US Large Company Inst. Index Portfolio 49.85% -3.96% 2.03% -0.66%  
S&P 500 Index 49.77% -4.17% 1.92% -0.65%  

Portfolio Characteristic
Number of Holdings
500
Price / Earnings (excludes negatives)
16.80
Weighted Average Market Cap
$84,602M
Dividend Yield (as of 12/31/2009)
1.94%
Weighted Average Book-to-Market
0.49
Expense Ratio (as of 10/31/2009)
0.10%
2.
IFA U.S. Large Cap Value Index  

January 1928 – February 1993: Dimensional Large Value Index minus 0.0225%/month

March 1993 – Present: DFA US Large Cap Value Symbol: DFLVX

 DFA US Large Cap Value Portfolio Class I

Investment Objective of DFA US Large Cap Value Symbol: DFLVX

The US Large Cap Value Portfolio is a no-load mutual fund designed to capture the returns and diversification benefits of a broad cross-section of US value companies, on a market-cap weighted basis. The Portfolio invests in securities of US companies with market capitalizations within the largest 90% of the market universe or larger than the 1,000th largest US company, whichever results in a higher market capitalization break. The market universe is comprised of companies listed on the New York Stock Exchange, American Stock Exchange, and NASDAQ National Market System. After identifying the aggregate market capitalization break, a value screen is applied to the universe. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value (BtM). This BtM sort excludes firms with negative or zero book values. In assessing value, additional factors such as price to cash flow or price to earning ratios may be considered, as well as economic conditions and developments in the issuer's industry. The criteria for assessing value are subject to change from time to time.
All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Years
  
US Large Cap Value Index Portfolio (I)
30.19%
-9.17%
-0.14%
4.39%
  
Russell 1000 Value Index
19.69%
-8.96%
-0.26%
2.47%
  
 
Portfolio Characteristics
Number of Holdings
226
Price / Earnings (excludes negatives)
13.43
Weighted Average Market Cap
$42,610M
Dividend Yield (as of 12/31/2009)
1.57%
Weighted Average Book-to-Market
0.95
Expense Ratio (as of 10/31/2009)
0.30%
3.
IFA U.S. Small Cap Index  

January 1928 – March 1992: Dimensional Small Cap Index minus 0.0317%/month

April 1992 – Present : DFA US Small Cap Symbol: DFSTX

 DFA US Small Cap Portfolio Class I

Investment Objective of DFA US Small Cap Symbol: DFSTX

The US Small Cap Portfolio is a no-load mutual fund designed to capture the returns and diversification benefits of a broad cross-section of US small companies, on a market-cap weighted basis. The Portfolio invests in securities of US companies with market capitalizations within the smallest 10% of the market universe or smaller than the 1,000th largest US company, whichever results in a higher market capitalization break. The market universe is comprised of companies listed on the New York Stock Exchange, American Stock Exchange, and NASDAQ National Market System.

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Years
  
US Small Cap Index Portfolio (I)
36.34%
-5.43%
0.91%
5.72%
  
Russell 2000 Index
27.17%
-6.06%
0.51%
3.51%
  

Portfolio Characteristics
Number of Holdings
2,749
Price / Earnings (excludes negatives)
16.72
Weighted Average Market Cap
$938M
Dividend Yield (as of 12/31/2009)
0.78%
Weighted Average Book-to-Market
0.68
Expense Ratio (as of 10/31/09)
0.40%
4.
IFA U.S. Small Cap Value Index  

January 1928 – February 2000: Dimensional Targeted Value Index minus 0.0342%/month

March 2000 – Present: DFA US Targeted Value Symbol: DFFVX

 DFA Targeted Value Portfolio Class I

Investment Objective of DFA US Targeted Value Symbol: DFFVX

The US Targeted Value Portfolio is a no-load mutual fund designed to capture the returns and diversification benefits of a broad cross-section of US small value companies, on a market cap-weighted basis. The Portfolio invests in securities of US companies whose size (market capitalization) falls in the smallest 18% of the market universe. The market universe is comprised of companies listed on the New York Stock Exchange, American Stock Exchange, and NASDAQ National Market System. After identifying the smallest 18% of aggregate market capitalization, a value screen is applied to the universe. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value (BtM). This BtM sort excludes firms with negative or zero book values. In assessing value, additional factors such as price to cash flow or price to earning ratios may be considered, as well as economic conditions and developments in the issuer's industry. The criteria for assessing value are subject to change from time to time.

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Inception
 
US Targeted Value Portfolio (I)
31.87%
-7.10%
0.95%
10.42%
  
Russell 2000 Value Index
20.56%
-8.22%
-0.01%
8.05%
  

Portfolio Characteristics
Number of Holdings
1,553
Price / Earnings (excludes negatives)
14.14
Weighted Average Market Cap
$1,505M
Dividend Yield (as of 12/31/2009)
0.88%
Weighted Average Book-to-Market
0.97
Expense Ratio (as of 10/31/2009)
0.41%
5.
IFA Real Estate Index  

January 1928 – December 1974: 50% IFA US Small Cap Index and 50% IFA Small Cap Value Index

January 1975 – December 1992: Dow Jones US Select REIT Index minus 0.0275%/month

January 1993 – June 2008: DFA US Real Estate Securities Symbol: DFREX

July 2008 – Present: DFA Global Real Estate Securities Symbol: DFGEX
 DFA Global Real Estate Securities

Investment Objective of DFA Global Real Estate Securities Symbol: DFGEX

The Global Real Estate Securities Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio invests in a broad range of securities of US and non-US companies in the real estate industry, including companies in developed and emerging markets, with a focus on real estate investment trusts or companies that Dimensional considers to be REIT-like entities. The Portfolio primarily purchases shares of Dimensional's Real Estate Securities Portfolio and International Real Estate Securities Portfolio. In addition to investing in these underlying funds, the Portfolio also may invest directly in securities of companies in the real estate industry. The Portfolio is currently authorized to invest in companies in the following countries: Australia, Belgium, Canada, China, France, Germany, Greece, Hong Kong, Japan, the Netherlands, New Zealand, Singapore, South Africa, Taiwan, the United Kingdom, and the United States. Other countries may be authorized for investment in the future.

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Inception (6/4/2008)
 
Global Real Estate Securities Index Portfolio
32.67%
-16.89%
  
Dow Jones Wilshire REIT Index
33.68%
-12.39%
  

Portfolio Characteristics
Number of Holdings Global REITs
288
Price / Earnings (excludes negatives)
22.31
Weighted Average Market Cap
$7,059M
Dividend Yield (as of 12/31/2009)
4.84%
Weighted Average Book-to-Market
0.76
Expense Ratio (as of 10/31/2009)
0.47%
6.
IFA International Value Index  

January 1928 – December 1969: IFA US Large Value Index

January 1970 – December 1974: MSCI EAFE Gross Dividends minus 0.0367%/month

January 1975 – June 1993: MSCI EAFE Value Gross minus 0.0367%/month

July 1993 – February 1994: LWAS/DFA International High BtM Portfolio

March 1994 – Present: DFA International Value Symbol: DFIVX

 DFA International Value Portfolio Class I

Investment Objective of DFA International Value Symbol: DFIVX

The DFA International Value Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio pursues its objective by investing in the stocks of large non-US companies which the Advisor believes to be value stocks at the time of purchase. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value (BtM). This BtM sort excludes firms with negative or zero book values. In assessing value, additional factors such as price to cash flow or price to earning ratios may be considered, as well as economic conditions and developments in the issuer's industry. The criteria for assessing value are subject to change from time to time. The Portfolio currently invests in companies in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and United Kingdom.

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Years
  
  International Value Index Portfolio
39.45%
-6.21%
4.99%
6.67%
  
  MSCI EAFE Index (net div.)
31.78%
-6.04%
3.54%
1.17%
  

Portfolio Characteristics
Number of Holdings
475
Price / Earnings (excludes negatives)
13.69
Weighted Average Market Cap
$42,463M
Dividend Yield (as of 12/31/2009)
2.79%
Weighted Average Book-to-Market
0.90
Expense Ratio (as of 10/31/2009)
0.46%
7.
IFA International Small Company Index  

January 1928 – December 1969: IFA US Small Cap Index

January 1970 – September 1996: Dimensional International Small Cap Index minus 0.0458%/month

October 1996 – Present: DFA International Small Company Symbol: DFISX

 DFA International Small Company Portfolio (I)

Investment Objective of DFA International Small Company Symbol: DFISX

The International Small Company Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio pursues its objective by investing in the small companies of Canada (0-15%), Europe (25-50%), Japan (15-40%), Pacific Rim (0-25%), and the United Kingdom (15-35%). The Portfolio currently invests in companies in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom.

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Years
  
International Small Company Index Portfolio
41.96%
-5.57%
5.10%
8.61%
  
 MSCI EAFE Small Cap Index (price only)
43.20%
-9.67%
1.39%
4.30%
  

Portfolio Characteristics
Number of Holdings
4,229
Price / Earnings (excludes negatives)
14.51
Weighted Average Market Cap
$1,312M
Dividend Yield (as of 12/31/2009)
2.28%
Weighted Average Book-to-Market
0.80
Expense Ratio (as of 10/31/2009)
0.57%
8.
IFA International Small Cap Value Index  

January 1928 – December 1969: IFA Small Cap Value Index

January 1970 – June 1981: IFA International Small Company Index

July 1981 – December 1994: Dimensional International Small Cap Value Index minus 0.0575%/month

January 1995 – Present: DFA International Small Cap Value Symbol: DISVX

 DFA International Small Cap Value Portfolio (I)  

Investment Objective of DFA International Small Cap Value Symbol: DISVX

The DFA International Small Cap Value Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio pursues its objective by investing in the stocks of small non-US companies which the Advisor believes to be value stocks at the time of purchase. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value (BtM). This BtM sort excludes firms with negative or zero book values. In assessing value, additional factors such as price to cash flow or price to earning ratios may be considered, as well as economic conditions and developments in the issuer's industry. The criteria for assessing value are subject to change from time to time. The Portfolio currently invests in companies in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and United Kingdom.

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Years
  
  International Small Cap Index Portfolio
39.51%
-5.74%
5.79%
11.19%
  
  MSCI EAFE Small Cap Index (price only)
43.20%
-9.67%
1.39%
4.30%
  

Portfolio Characteristics
Number of Holdings
2,109
Price / Earnings (excludes negatives)
11.90
Weighted Average Market Cap
$1,368M
Dividend Yield (as of 12/31/2009)
2.17%
Weighted Average Book-to-Market
1.21
Expense Ratio (as of 10/31/2009)
0.71%
9.
IFA Emerging Market Index  

January 1928 – December 1969: 50% IFA US Large Value Index and 50% IFA US Small Cap Index

January 1970 – December 1987: 50% IFA International Value and 50% IFA International Small Cap

January 1988 – April 1994: Dimensional Equally Weighted Emerging Markets Index minus 0.05%/month

May 1994 – Present: DFA Emerging Markets Portfolio Symbol: DFEMX

DFA Emerging Markets Portfolio Class I

Investment Objective of DFA Emerging Markets Portfolio Symbol: DFEMX

The Emerging Markets Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio pursues its objective by investing in emerging markets equity securities that Dimensional deems to be large company stocks at the time of purchase. Dimensional will consider, among other things, information disseminated by the International Finance Corporation in determining and approving countries that have emerging markets. The Portfolio currently invests in companies in Brazil, Chile, China, the Czech Republic, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Philippines, Poland, South Africa, South Korea, Taiwan, Thailand, and Turkey. Due to repatriation restrictions, the Portfolio currently holds but does not purchase securities in Argentina.

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Years
  
Emerging Markets Index Portfolio
71.77%
5.88%
14.76%
9.44%
  
MSCI Emerging Markets Index (gross dividends)
79.02%
5.42%
15.88%
10.11%
  

Portfolio Characteristics
Number of Holdings
619
Price / Earnings (excludes negatives)
17.63
Weighted Average Market Cap
$46,975M
Dividend Yield (as of 12/31/2009)
1.83%
Weighted Average Book-to-Market
0.42
Expense Ratio (as of 10/31/2009)
0.62%
10.
IFA Emerging Market Value Index  

January 1928 – December 1969: IFA US Small Cap Value Index

January 1970 – December 1988: IFA Emerging Markets Index

January 1989 – March 1998: Fama/French Emerging Markets Value Index minus 0.05%/month

April 1998 – Present: DFA Emerging Markets Value Portfolio Symbol DFEVX

DFA Emerging Value Markets Portfolio Class I

Investment Objective of DFA Emerging Markets Value Portfolio Symbol DFEVX

The Emerging Markets Value Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio pursues its objective by investing in emerging markets equity securities that Dimensional deems to be value stocks at the time of purchase. Dimensional will consider, among other things, information disseminated by the International Finance Corporation in determining and approving countries that have emerging markets. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value (BtM). This BtM sort excludes firms with negative or zero book values. In assessing value, additional factors such as price to cash flow or price to earning ratios may be considered, as well as economic conditions and developments in the issuer's industry. The criteria for assessing value are subject to change from time to time. The Portfolio currently invests in companies in Brazil, Chile, China, the Czech Republic, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Philippines, Poland, South Africa, South Korea, Taiwan, Thailand, and Turkey. Due to repatriation restrictions, the Portfolio currently holds but does not purchase securities in Argentina.

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Year
 
Emerging Markets Value Portfolio (I)
92.28%
8.85%
18.40%
13.82%
  
MSCI Emerging Markets Index (gross div)
79.02%
5.42%
15.88%
10.11%
  

Portfolio Characteristics
Number of Holdings
1,892
Price / Earnings (excludes negatives)
15.61
Weighted Average Market Cap
$15,652M
Dividend Yield (as of 12/31/2009)
1.40%
Weighted Average Book-to-Market
0.73
Expense Ratio (as of 10/31/2009)
0.62%
11.
IFA Emerging Market Small Cap Index  

January 1928 – December 1969: IFA US Small Cap Index

January 1970 – December 1988: IFA Emerging Markets Index

January 1989 – February 1998: Fama/French Emerging Markets Small minus 0.065%/month

March 1998 – Present: DFA Emerging Markets Small Cap Symbol: DEMSX

DFA Emerging Markets Smal Cap Portfolio (I)

Investment Objective of DFA Emerging Markets Small Cap Symbol: DEMSX

The Emerging Markets Small Cap Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio pursues its objective by investing in emerging markets equity securities that Dimensional deems to be small company stocks at the time of purchase. Dimensional will consider, among other things, information disseminated by the International Finance Corporation in determining and approving countries that have emerging markets. The Portfolio will invest in companies whose market capitalization is less than $2.3 billion. The Portfolio currently invests in companies in Brazil, Chile, China, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Philippines, Poland, South Africa, South Korea, Taiwan, Thailand, and Turkey. Due to repatriation restrictions, the Portfolio currently holds but does not purchase securities in Argentina.

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Year
 
Emerging Markets Small Cap Portfolio
99.74%
7.82%
16.70%
12.20%
  
MSCI Emerging Markets Index (gross dividends)
79.02%
5.42%
15.88%
10.11%
  

Portfolio Characteristics
Number of Holdings
2,160
Price / Earnings (excludes negatives)
14.14
Weighted Average Market Cap
$1,590M
Dividend Yield (as of 12/31/2009)
1.79%
Weighted Average Book-to-Market
0.65
Expense Ratio (as of 10/31/2009)
0.80%
12.
IFA One-Year Fixed Income Index  

January 1928 – June 1963: One-Month T-Bills minus 0.015%/month

July 1963 – July 1983: One-Year T-Note Index minus 0.015%/month

August 1983 – Present: DFA One-Year Fixed Income Symbol DFIHX

 DFA One-Year Fixed Income Portfolio

Investment Objective of DFA One-Year Fixed Income Symbol DFIHX

The investment objective of the DFA One-Year Fixed Income Portfolio is to achieve stable real returns in excess of the rate of inflation with a minimum of risk. Generally, the Portfolio will acquire high quality obligations which mature within one year from the date of settlement. However, when greater returns are available, substantial investments may be made in securities maturing within two years from the date of settlement as well. In addition, the Portfolio intends to concentrate investments in the banking industry under certain circumstances. The Portfolio is diversified, and with respect to corporate debt obligations and commercial paper, the Portfolio generally invests in securities rated A1/P1 or better.

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Years
  
One-Year Fixed Income Index Portfolio
1.92%
3.70%
3.63%
3.69%
  
Merrill Lynch 1-Yr US Treasury Note Index
0.80%
3.81%
3.62%
3.82%
  
Merrill Lynch 6-Month T-Bill Index
0.58%
3.24%
3.52%
3.39%
  

Portfolio Characteristics
Duration
0.91 Years
Average Portfolio Maturity Range
0.93 Years
Expense Ratio (as of 10/31/2009)
0.20%
Average Quality
AA+/Aa2
13.
IFA Two-Year Global Fixed Income Index  

January 1928 – June 1977: Five-Year T-Notes minus 0.015%/month

July 1977 – December 1989: ML US Treasury Index  1-3 Years minus 0.015%/month

January 1990 – February 1996: Citi World Government Bond 1-3 Years Hedged minus 0.015%/month

March 1996 – December 2007: DFA Two-Year Global Fixed Income Symbol: DFGFX

DFA Two-Year Global Fixed Income Portfolio

Investment Objective of DFA Two-Year Global Fixed Income Symbol: DFGFX

The investment objective of the DFA Two-Year Global Fixed Income Portfolio is to maximize total returns consistent with preservation of capital. Generally, the Portfolio will acquire high quality obligations which mature within two years from the date of settlement. The Portfolio expects to invest in obligations issued or guaranteed by countries that are members of the Organization of Economic Cooperation and Development, but may invest in other countries as well. Investments in corporate debt obligations, bank obligations, commercial paper, repurchase agreements, and obligations of other domestic and foreign issuers with high quality ratings may also be included. The Portfolio will also enter into forward foreign currency contracts solely for the purpose of hedging against fluctuations in currency exchange rates. The Portfolio is diversified; and with respect to corporate debt obligations and commercial paper, the Portfolio generally invests in US securities rated A1/P1 or better and non-US securities rated AA/Aa2 or better.

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Years
  
Two-Year Global Fixed Portfolio (I)
2.08%
3.80%
3.55%
3.81%
  
Citigroup World Government Bond Index 1-3 Years (hedged)
2.06%
4.54%
4.17%
4.27%
  

Portfolio Characteristics
Duration
1.47 Years
Average Portfolio Maturity Range
1.52 Years
Expense Ratio (as of 10/31/2009)
0.20%
Average Quality
AAA/Aa2

14.
IFA Five-Year Government Fixed Income Index  

January 1928 – December 1972: Five-Year T-Notes minus 0.0192%/month

January 1973 – May 1987: Barclays Intermediate Government Bond Index minus 0.0192%/month

June 1987 – Present: DFA Five-Year Gov't Income Symbol: DFFGX

 DFA Five-Year Government Portfolio

Investment Objective of DFA Five-Year Gov't Income Symbol: DFFGX

The investment objective of the DFA Five-Year Government Portfolio is to maximize total returns available from the universe of debt obligations of the US government and US government agencies. Ordinarily, the Portfolio will invest at least 80% of its assets in US government obligations and US government agency obligations that mature within five years from the date of settlement. The Portfolio may also acquire repurchase agreements.

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Years
  
Five-Year Gov't Portfolio
1.46%
4.89%
3.97%
5.06%
  
Barclays Intermediate Govt. Bond Index Intermediate
-0.32%
6.09%
4.74%
5.65%
  

Portfolio Characteristics
Duration
2.75 Years
Average Portfolio Maturity Range
2.95 Years
Expense Ratio (as of 10/31/2009)
0.25%
Average Quality
AAA/Aa1

15.
IFA Five-Year Global Fixed Income Index Symbol: DFGBX

January 1928 – December 1984: IFA Five-Year Government Fixed Income Index

January 1985 – November 1990: Citi Global Government Bond Hedged minus 0.0233%/month

December 1990 – Present: DFA Five-Year Global Fixed Income Symbol: DFGBX

 DFA 5-Year Global Fixed Income Portfolio  

Investment Objective of DFA Five-Year Global Fixed Income Symbol: DFGBX

The investment objective of the DFA Five-Year Global Fixed Income Portfolio is to provide a market rate of return for a fixed income portfolio with low relative volatility of returns. Generally, the Portfolio will invest in high quality obligations which mature within five years from the date of settlement. The Portfolio expects to invest primarily in obligations issued or guaranteed by any of the following countries (but may invest in other countries as well): Australia, Canada, Denmark, EMU countries, Japan, Sweden, Switzerland, the United Kingdom, and the United States. Investments in obligations of other foreign issuers rated AA or better, corporate debt obligations, bank obligations and commercial paper may also be included. The Portfolio will also enter into forward foreign currency contracts solely for the purpose of hedging against fluctuations in currency exchange rates.

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Years
  
Five-Year Global Fixed Portfolio
4.19%
4.48%
3.80%
4.76%
  
Barclays Aggregate Bond Years
2.29%
5.05%
4.46%
4.66%
  

Portfolio Characteristics
Duration
3.54 Years
Average Portfolio Maturity Range
3.89 Years
Expense Ratio (as of 10/31/2009)
0.30%
Average Quality
AA+/Aa1

16.
IFA NSDQ Index  

January 1928 - February 1971: Fama/French US Small Growth Simulated Portfolio (ex Utilities)

Mar 1971 - Present: NASDAQ % Change (Source: Yahoo! Finance)

Fama/French US Small Growth Simulated Portfolio (ex Utilities)

The Fama/French US Small Growth Simulated Portfolio (ex Utilities) includes US operating companies trading on the NYSE, AMEX or Nasdaq NMS with a maximum weight of any security in the portfolio is 4%. The following are excluded from the portfolio: ADRs, Investment Companies, Tracking Stocks before 1993, non-US incorporated companies, Closed-end funds, Certificates, Shares of Beneficial Interests, Berkshire Hathaway, Inc (Permco 540), negative book values, and Utilities. For the period prior to March 1971, the simulation contains firms with market capitalizations below the 55th percentile of all eligible NYSE firms. The Book to Market breakpoints for 1927 to February 1971 split the eligible NYSE firms with positive book equity into three categories: the top 30% are in value category and the bottom 30% is in growth category.


17.
IFA US Total Market Index  

1928 - Present: Fama/French Total US Market Index Portfolio

All Data as of March, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Years
  
IFA US Total Market Index
-36.76%
-12.89%
-4.18%
-1.98%
  

18.
IFA US Large Growth Index  

1928 - Present: Fama/French US Large Growth Index (excluding utilities)

All Data as of March, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Years
  
IFA US Large Growth Index
-31.48%
-10.81%
-4.95%
-4.88%
  

19.
IFA US Small Growth Index  

1928 - Present: Fama/French US Small Growth Index (excluding utilities)

Exclusions

ADRs, Investment Companies, Tracking Stocks before 1993, non-US incorporated companies, Closed-end funds, Certificates, Shares of Beneficial Interests, Berkshire Hathaway Inc (Permco 540), negative book values, and Utilities.

Breakpoints

Before June 1996, the small portfolios contain firms with market capitalization below the 55th percentile of all eligible NYSE firms and the large portfolios contain firms with market caps above the 50th percentile. From June 1996 to December 2000, the size breakpoint for all portfolios is the market cap of the median eligible NYSE firm. The BtM breakpoints for 1926 to 2000 split the eligible NYSE firms with positive book equity into three categories: the top 30% are in value and the bottom 30% are in growth. Starting in January 2001, the size breakpoints are defined by cumulative market cap percentile rules. Small is the bottom 8% of the overall stock market and large is the top 90%. The BtM breakpoints are defined by the firms in the relevant size range. The breakpoints for small value (high BtM) and small growth (low BtM) assign 25% of the total market cap in the small size range to each portfolio. The BtM breakpoints for large assign 10% of the market equity of large firms to the large value portfolio and 20% to the large growth portfolio.

The simulated portfolio is rebalanced annually (at the end of June) from 1926 to 1992 and Quarterly from 1993 to present. There are no fees or expese ratios deducted from this index.


All Data as of March, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Years
  
IFA US Small Growth Index
-37.41%
-19.65%
-7.63%
-1.99%
  

20.
IFA U.S. Micro Cap Index  

Jan 1927 - Dec 1981: CRSP 9-10 Database, NYSE & AMEX & OTC, in different time periods - rebalanced quarterly and semi-annually less fees for DFA US Micro Cap Portfolio

Jan 1982 - Present: DFA US Micro Cap | DFSCX
 DFA US Micro Cap Portfolio

Investment Objective of DFA US Micro Cap | DFSCX

The US Micro Cap Portfolio is a no-load mutual fund designed to capture the returns and diversification benefits of a broad cross-section of US small cap companies, on a market cap-weighted basis. The portfolio generally invests in securities of US companies whose size (based primarily on market capitalization) falls within the smallest 5% of the market universe or smaller than the 1,500 largest US companies, which results in a higher market capitalization break. The market universe is comprised of companies listed on the New York Stock Exchange, American Stock Exchange, and the NASDAQ Market System.
All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Five Years
Ten Years
  
US Micro Cap Index Portfolio
28.06%
-8.42%
-1.17%
6.30%
  
Russell 2000 Index
27.17%
-6.06%
0.51%
3.51%
  
 
Portfolio Characteristics
Number of Holdings
2,420
Price / Earnings (excludes negatives)
16.71
Weighted Average Market Cap
$514M
Dividend Yield
0.80%
Weighted Average Book-to-Market
0.70
Expense Ratio (as of 10/31/09)
0.54%

  IFA US Social Core Equity 2 Index  

January 1928 - September 2005: Dimensional Adjusted Market 2 Index minus 0.04%/month

October 2005 - October 2007: DFA US Core Equity 2 Portfolio Symbol: DFQTX minus 0.02%/month

November 2007 - Present: DFA US Social Core Equity 2 Portfolio Symbol: DFUEX
DFA US Social Core Equity 2 Portfolio Symbol: DFUEX

Investment Objective of DFA US Social Core Equity 2 Portfolio Symbol: DFUEX

The US Social Core Equity 2 Portfolio (DFUEX) is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio seeks to purchase a broad and diverse range of US securities with an increased exposure to small cap stocks and those it considers to be value stocks, relative to the market universe. In assessing value, Dimensional may consider factors such as the issuer's securities having a high book value in relation to their market value, as well as price to cash flow or price to earnings ratios.

The Portfolio seeks to exclude from investment certain companies that are identified by the Portfolio's social screens, as reflected in the prospectus. These screens were designed to meet the social investing needs of shareholders. An independent, third-party service provider has been engaged to monitor the Portfolio's social screens and determine which securities to exclude from the Portfolio based upon the social screens. The purchase, sale, or exclusion of any specific security does not reflect a judgment by Dimensional relating to any social issue.
All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns One Year Inception (10/1/2007)  
US Social Core Equity 2 Portfolio 29.67% -12.48%  
Russell 3000 Index 28.34% -11.70%  

Portfolio Characteristic
Number of Holdings
2,173
Price / Earnings (excludes negatives)
16.25
Weighted Average Market Cap
$32,749M
Dividend Yield
1.37%
Weighted Average Book-to-Market
0.68
 Annual Management Fee (as of 10/31/2009)
0.41%

  IFA International Real Estate Index  

January 1928 - June 1989: IFA Real Estate Index

July 1989 - March 2007: S&P Global (ex-US) REIT Index Gross minus 0.04%/month

April 2007 - Present: DFA International Real Estate Portfolio Symbol: DFITX
 DFA International Value Portfolio Class I

Investment Objective of DFA International Real Estate Securities Portfolio (DFITX)

The DFA International Real Estate Securities Portfolio (DFITX) is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio invests in a broad range of securities of non-US companies in the real estate industry including developed and emerging markets with a focus on non-US real estate investment trusts (REITs) and companies that Dimensional considers REIT-like entities. It is well diversified with respect to both geography and property type. The Portfolio may invest in the securities of real estate companies in developed and emerging markets and is currently authorized to invest in companies in the following countries: Australia, Belgium, Canada, China, France, Hong Kong, Japan, the Netherlands, New Zealand, Singapore, South Africa, and the United Kingdom. Other countries may be authorized for investment in the future

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Inception (3/1/2007)
 
 International Real Estate Securities Portfolio
37.01%
-16.85%
  
S&P Global ex US REIT Index (gross div.)
39.78%
-17.22%
  

Portfolio Characteristics
Number of Holdings
184
Price / Earnings (excludes negatives)
16.48
Weighted Average Market Cap
$7,090M
Dividend Yield
6.00%
Weighted Average Book-to-Market
0.97
Expense Ratio (as of 10/31/2009)
0.43%

  IFA Emerging Markets Social Core Index  

January 1928 - April 2004: 30/30/40 blend of IFA Emerging Markets, IFA Emerging Markets Value and IFA Emerging Markets Small Indexes

May 2005 - August 2006: DFA Core Emerging Markets Portfolio Symbol: DFCEX

September 2006 - Present: DFA Social Core Emerging Markets Portfolio Symbol: DFESX
Emerging Markets Social Core Equity Portfolio (DFESX)

Investment Objective of the Emerging Markets Social Core Equity Portfolio (DFESX)

The Emerging Markets Social Core Equity Portfolio (DFESX) is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio seeks to purchase a broad and diverse group of securities, with an increased exposure to securities of small cap issuers and securities that it considers to be value securities. In assessing value, Dimensional may consider factors such as the issuer's securities having a high book value in relation to their market value, as well as price to cash flow or price to earnings ratios. Dimensional considers, among other factors, information disseminated by the International Finance Corporation in determining and approving countries that have emerging markets.

The Portfolio seeks to exclude from investment certain companies that are identified by the Portfolio's social screens. These screens were designed to meet the social investing needs of shareholders, and currently include limitations on businesses participating in gambling; the production and/or sale of alcohol, tobacco, or military weapons; those actively conducting business in or with Sudan; and other screens as reflected in the prospectus. An independent third-party service provider has been engaged to monitor the Portfolio's social screens and determine which securities to exclude from the Portfolio based upon the social screens. The Portfolio is constructed to meet the social investing needs of shareholders; and as such, the purchase or sale of specific securities in the portfolio should not be construed as a judgment of Dimensional Fund Advisors relating to any social issue. The Portfolio currently invests in companies in Brazil, Chile, China, the Czech Republic, Hungary, India, Indonesia, Israel, Malaysia, Mexico, the Philippines, Poland, South Africa, South Korea, Taiwan, Thailand, and Turkey.

All Data as of Dec. 31, 2009, unless otherwise indicated.
  Average Annual Total Returns
One Year
Three Years
Inception (8/31/2006)
 
Emerging Markets Social Core Equity Portfolio
83.84%
6.82%
11.86%
  
MSCI Emerging Markets Index (net div.)
78.51%
5.11%
10.07%
  

Portfolio Characteristics
Number of Holdings
1,720
Price / Earnings (excludes negatives)
16.63
Weighted Average Market Cap
$26,786M
Dividend Yield
1.70%
Weighted Average Book-to-Market
0.55
Expense Ratio (as of 10/31/2009)
0.70%



07
Data Sources:   DIMENSIONAL FUND ADVISORS, INC., CRSP, FAMA and FRENCH, and IFA (IFA Backtested Performance Data)
Copyright © 1999-2010 Index Funds Advisors, Inc. All rights reserved.
 Backtested Performance Info
 

This site is for the use of clients and potential clients of Index Funds Advisors, Inc. and the IFA Network Members. It is not to be used by any other investment advisor or investment professional as an information/marketing materials source, asset allocator, risk capacity or risk tolerance assessment, or for any other purpose. If your financial advisor is using this site without a license from Index Funds Advisors, Inc., they are violating our copyright and their ethics are highly in question. The right to download, store and/or output any material on this internet site, or the Index Funds: The 12-Step Program for Active Investors eBook, is granted for viewing use only and this grant only applies to clients and potential clients of Index Funds Advisors, Inc. and the IFA Network Members. Reproduction or editing by any means, mechanical or electronic, in whole or in part, without the express written permission of Index Funds Advisors, Inc. is strictly prohibited and subject to prosecution under U.S. and International copyright and trademark laws.

DISCLAIMER: THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO ACCURACY, COMPLETENESS, OR RESULTS OBTAINED FROM ANY INFORMATION POSTED ON THIS OR ANY LINKED INTERNET SITE. At certain places on this Index Funds Advisors Internet site, live 'links' to other Internet addresses can be accessed. Such external Internet addresses contain information created, published, maintained, or otherwise posted by institutions or organizations independent of Index Funds Advisors. Index Funds Advisors does not endorse, approve, certify, or control these external Internet addresses and does not guarantee or assume responsibility for the accuracy, completeness, efficacy, timeliness, or correct sequencing of information located at such addresses. Use of any information obtained from such addresses is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference therein to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by Index Funds Advisors.Your use of this site is acknowledgment that you have read and understood the full disclaimer. Past performance does not guarantee future results.

WARNING: Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Investing in any mutual fund, index or actively managed, does not guarantee that an investor will make money, avoid losing capital, or indicate that the investment is risk-free. Actively managed funds sometimes outperform index funds. You just don't know in advance which actively managed fund will outperform the appropriate index. Just because a mutual fund is an index mutual fund, it does not guarantee a performance superior to an actively managed mutual fund. There are no absolute guarantees in investing. When reviewing any backtested performance information on this internet site, please read the Disclosure for Backtested Performance Information (click here to read the Disclosure for Backtested Performance Information.) For a copy of the Index Funds Advisors, Inc. Privacy Policy, click here.

Index Funds Advisors, Inc.    
Index Funds Advisors, Inc. — 19200 Von Karman Ave., Suite 150  —  Irvine, CA 92612  
Call Toll Free: 888-643-3133 — Local Phone: 949-502-0050  —  Fax: 949-502-0048 — Email: info @ ifa . com
For several other offices and representative locations, see About Us.