January 1928 – December 1990: S&P 500 minus 1.25 bp/month

January 1991 – Present : DFA US Large Company Symbol: DFLCX

Investment Objective of DFA US Large Company Symbol: DFLCX

The US Large Company 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.

January 1928 – February 1993: Dimensional Large Value Index minus 2.25 bp/month

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

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.

January 1928 – March 1992: Dimensional Small Cap Index minus 3.17 bp/month

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

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.

January 1928 – February 2000: Dimensional Targeted Value Index minus 3.42 bp/month

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

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.

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

January 1975 – December 1992: Don Keim Equity REIT Index minus 2.75 bp/month

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

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

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.

January 1928 – December 1969: IFA US Large Value Index

January 1970 – December 1974: MSCI EAFE Gross Dividends minus 3.67 bp/month

January 1975 – June 1993: MSCI EAFE Value Gross minus 3.67 bp/month

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

March 1994 – Present: DFA International Value Symbol: DFIVX

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.

January 1928 – December 1969: IFA US Small Cap Index

January 1970 – September 1996: Dimensional International Small Cap Index minus 4.58 bp/month

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

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.

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 5.75 bp/month

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

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.

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 5 bp/month

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

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.

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 5 bp/month

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

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.

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 6.5 bp/month

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

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.

January 1928 – June 1963: One-Month T-Bills minus 1.5 bp/month

July 1963 – July 1983: One-Year T-Note Index minus 1.5 bp/month

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

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.

January 1928 – June 1977: Five-Year T-Notes minus 1.5 bp/month

July 1977 – December 1989: ML US Treasury Index  1-3 Years minus 1.5 bp/month

January 1990 – February 1996: Citi World Government Bond 1-3 Years Hedged minus 1.5 bp/month

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

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.

January 1928 – December 1972: Five-Year T-Notes minus 1.92 bp/month

January 1973 – May 1987: Lehman International Government Bond Index minus 1.92 bp/month

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

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.

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

January 1985 – November 1990: Citi Global Government Bond Hedged minus 2.33 bp/month

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

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.

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

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

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.

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

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

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

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

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.