IFA INDEXES DATA SOURCES

IFA U.S. Large Company IndexIFA U.S. Large Cap Value IndexIFA U.S. Small Cap IndexIFA U.S. Micro Cap IndexIFA U.S. Small Cap Value IndexIFA Global REIT IndexIFA International Real Estate IndexIFA International Small Company IndexIFA International Value IndexIFA International Small Cap Value IndexIFA Emerging Market IndexIFA Emerging Market Value IndexIFA Emerging Market Small Cap IndexIFA One-Year Fixed Income IndexIFA Two-Year Global Fixed Income IndexIFA Five-Year Global Fixed Income IndexIFA Short Term Government IndexIFA US Social Core Equity IndexIFA Emerging Markets Social Core Index IFA International Social Core Equity IndexIFA International Sustainability Core IndexIFA Sustainability Core IndexS&P 500® IndexIFA NSDQ IndexIFA U.S. Total Market IndexIFA U.S. Large Growth IndexIFA U.S. Small Growth 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:

  • The availability of new and better sources of data for historical returns.
  • The correction of errors in the prior data.
  • 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:

  • The availability of new and better sources of data for historical returns.
  • The substitution of U.S. Small Cap for U.S. Micro Cap.
  • 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.

LC

IFA U.S. Large Company Index

Time-Series Construction
January 1928 – December 1990: Dimensional US Large Cap Index minus 0.0083%/mo (mutual fund exp ratio)
January 1991 – April 2010: DFA US Large Company Symbol: DFLCX
May 2010 – Present : DFA US Large Company Portfolio Symbol: DFUSX


Investment Objective of DFA US Large Company Portfolio (DFUSX): Factsheet | Prospectus The US Large Company Portfolio is a no-load mutual fund designed to approximate the investment performance of the S&P 500 Index. The Portfolio intends to invest in all 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. Generally, these are the US stocks with the largest market capitalizations and, as a group, they represent approximately 75% of the total market capitalization of all publicly traded US stocks.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Large Company Portfolio 32.33% 16.10% 17.91% 7.42%
S&P 500 Index 32.39% 16.18% 17.94% 7.41%

Number of Holdings502Turnover (as of 10/31/12)4.00%
Weighted Average Market Cap$120,388MDividend Yield2.00%
Weighted Average Book-to-Market0.42Expense Ratio (as of 10/31/13)0.08%

All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

2.

LV

IFA U.S. Large Cap Value Index

Time-Series Construction
January 1928 – February 1993: Dimensional US Large Cap Value Index minus 0.0233%/mo (mutual fund exp ratio)
March 1993 – Present: DFA US Large Cap Value Portfolio Symbol: DFLVX


Investment Objective of DFA US Large Cap Value Portfolio I (DFLVX): Factsheet | Prospectus 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 primarily of companies listed on the New York Stock Exchange, American Stock Exchange, and Nasdaq Global Market. 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-earnings ratios may be considered. The criteria for assessing value are subject to change from time to time.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Large Cap Value Portfolio (I) 40.32% 18.38% 21.02% 8.88%
Russell 1000 Value Index 32.53% 16.06% 16.67% 7.58%

Number of Holdings215Turnover (as of 10/31/12)10.00%
Weighted Average Market Cap$74,656MDividend Yield1.75%
Weighted Average Book-to-Market0.76Expense Ratio (as of 10/31/13)0.27%

All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

3.

SC

IFA U.S. Small Cap Index

Time-Series Construction
January 1928 – March 1992: Dimensional US Small Cap Index minus 0.0308%/mo (mutual fund exp ratio)
April 1992 – Present : DFA US Small Cap Portfolio Symbol: DFSTX


Investment Objective of DFA US Small Cap Portfolio I (DFSTX): Factsheet | Prospectus 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 primarily of companies listed on the New York Stock Exchange, American Stock Exchange, and Nasdaq Global Market.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Small Cap Portfolio (I) 42.21% 17.70% 23.78% 10.15%
Russell 2000 Index 38.82% 15.67% 20.08% 9.07%

Number of Holdings2,203Turnover (as of 10/31/12)16.00%
Weighted Average Market Cap$1,893MDividend Yield0.96%
Weighted Average Book-to-Market0.48Expense Ratio (as of 10/31/13)0.37%

All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

4.

MC

IFA U.S. Micro Cap Index

Time-Series Construction
Jan 1928 - Dec 1981: Dimensional US Micro Cap Index minus 0.0433%/mo (mutual fund exp ratio)
Jan 1982 - Present: DFA US Micro Cap Portfolio: DFSCX


Investment Objective of DFA US Micro Cap Portfolio I (DFSCX): Factsheet | Prospectus 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 companies, on a market-cap weighted basis. The Portfolio invests in securities of US companies with market capitalizations within the smallest 5% of the market universe or smaller than the 1,500th largest US company, whichever results in a higher market capitalization break. The market universe is comprised primarily of companies listed on the New York Stock Exchange, American Stock Exchange, and Nasdaq Global Market.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Micro Cap Portfolio 45.06% 18.39% 22.78% 9.29%
Russell 2000 Index 38.82% 15.67% 20.08% 9.07%

Number of Holdings1,846Turnover (as of 10/31/12)15.00%
Weighted Average Market Cap$1,011MDividend Yield0.91%
Weighted Average Book-to-Market0.50Expense Ratio (as of 10/31/13)0.52%

All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

5.

SV

IFA U.S. Small Cap Value Index

Time-Series Construction
January 1928 – Febuary 2000: Dimensional US Targeted Value Index minus 0.0317%/mo (mutual fund exp ratio)
March 2000 – Present: DFA US Targeted Value Portfolio Symbol: DFFVX


Investment Objective of DFA Targeted Value Portfolio I (DFFVX): FactsheetThe US Targeted Value Portfolio is designed to capture the returns and diversification benefits of a broad cross-section of US small and mid cap value companies, on a market-cap weighted basis. The Portfolio generally invests in securities of US companies smaller than the 500th largest company in the market universe. The market universe is comprised primarily of companies listed on the New York Stock Exchange, American Stock Exchange, and Nasdaq Global Market. 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-earnings ratios may be considered. The criteria for assessing value are subject to change from time to time.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Targeted Value Portfolio (I) 43.03% 16.90% 22.14% 10.42%
Russell 2000 Value Index 34.52% 14.49% 17.64% 8.61%

Number of Holdings1,501Turnover (as of 10/31/12)20.00%
Weighted Average Market Cap$2,750MDividend Yield1.06%
Weighted Average Book-to-Market0.74Expense Ratio (as of 10/31/13)0.38%

All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

6.

RE

IFA Global REIT Index

Time-Series Construction
January 1928 – December 1977: 50% IFA US Small Cap Index and 50% IFA Small Cap Value Index
January 1978 – December 1993: Dow Jones US Select REIT Index minus 0.0183%/mo (mutual fund exp ratio)
Febuary 1993 – June 2008: DFA US Real Estate Securities Symbol: DFREX
July 2008 – Present: DFA Global Real Estate Securities Portfolio Symbol: DFGEX


Investment Objective of DFA Global Real Estate Securities Portfolio (DFGEX): Factsheet | Prospectus 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 currently invests in a diverse group of developed and emerging markets that have been authorized for investment by the Advisor's Investment Committee.


Average Annual Total Return One Year Three Years Five Years Inception*
DFA Global Real Estate Sec. Portfolio 1.77% 8.47% 15.95% 3.02%
S&P Global REIT Index** 1.73% 7.80% 15.04% 1.74%

Number of Holdings356Turnover (as of 10/31/12)NA
Weighted Average Market Cap$11,034MDividend Yield4.40%
Weighted Average Book-to-Market0.65Expense Ratio (as of 10/31/13)0.32%

*Inception Date 6/4/08 **Net Dividends All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

7.

IRE

IFA International Real Estate Index

Time-Series Construction
January 1928 - June 1989: IFA Real Estate Index
July 1989 - March 2007: S&P Global (ex-US) REIT Index Gross minus 0.04%/mo (mutual fund exp ratio)
April 2007 - Present: DFA International Real Estate Portfolio Symbol: DFITX


Investment Objective of DFA International Real Estate Securities Portfolio I (DFITX): Factsheet | Prospectus The International 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 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 to be REIT-like entities. It is well diversified with respect to both geography and property type. The Portfolio currently invests in a diverse group of developed market countries that have been authorized for investment by the Advisor's Investment Committee.


Average Annual Total Return One Year Three Years Five Years Inception*
DFA Intl. Real Estate Sec. Portfolio 2.27% 7.97% 15.29% -1.84%
S&P Global REIT ex US REIT Index** 2.36% 7.26% 14.79% -2.02%

Number of Holdings231Turnover (as of 10/31/12)3.00%
Weighted Average Market Cap$7,222MDividend Yield4.83%
Weighted Average Book-to-Market0.89Expense Ratio (as of 10/31/13)0.41%

*Inception date 3/1/07 **Net Dividends All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

8.

IS

IFA International Small Company Index

Time-Series Construction
January 1928 – December 1969: IFA US Small Cap Index
January 1970 – September 1996: Dimensional International Small Cap Index minus 0.0458%/mo (mutual fund exp ratio)
October 1996 – Present: DFA International Small Company Portfolio Symbol: DFISX


Investment Objective of DFA International Small Company Portfolio I (DFISX): Factsheet | Prospectus 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%), the United Kingdom (15-35%), and the Asia-Pacific region (0-25%). The Portfolio currently invests in a diverse group of developed market countries that have been authorized for investment by the Advisor's Investment Committee.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Intl. Small Cap Index 27.44% 8.64% 17.67% 10.31%
MSCI World ex USA Small Cap Index* 22.75% 4.95% 15.72% 6.95%

Number of Holdings4,339Turnover (as of 10/31/12)NA
Weighted Average Market Cap$2,221MDividend Yield2.48
Weighted Average Book-to-Market0.70Expense Ratio (as of 10/31/13)0.56%

*Price-Only All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

9.

IV

IFA International Value Index

Time-Series Construction
January 1928 – December 1969: IFA US Large Value Index
January 1970 – December 1974: MSCI EAFE Gross Dividends minus 0.0375%/mo (mutual fund exp ratio)
January 1975 – June 1993: MSCI EAFE Value Gross minus 0.0375%/mo (mutual fund exp ratio)
July 1993 – February 1994: LWAS/DFA International High BtM Portfolio
March 1994 – Present: DFA International Value Portfolio Symbol: DFIVX


Investment Objective of DFA International Value Portfolio I (DFIVX): Factsheet | Prospectus The 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 that Dimensional 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 its 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-earnings ratios may be considered. The criteria for assessing value are subject to change from time to time. The Portfolio currently invests in a diverse group of developed market countries that have been authorized for investment by the Advisor's Investment Committee.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Intl. Value Index Portfolio 23.12% 6.08% 12.98% 8.05%
MSCI EAFE Index* 21.02% 7.34% 12.49% 7.07%

Number of Holdings526Turnover (as of 10/31/12)14.00%
Weighted Average Market Cap$57,337MDividend Yield3.17%
Weighted Average Book-to-Market0.94Expense Ratio (as of 10/31/13)0.45%

*Net Dividends All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

10.

ISV

IFA International Small Cap Value Index

Time-Series Construction
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%/mo (mutual fund exp ratio)
January 1995 – Present: DFA International Small Cap Value Portfolio Symbol: DISVX


Investment Objective of DFA International Small Cap Value Portfolio I (DISVX): Factsheet | Prospectus The 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 that Dimensional 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-earnings ratios may be considered. The criteria for assessing value are subject to change from time to time. The Portfolio currently invests in a diverse group of developed market countries that have been authorized for investment by the Advisor's Investment Committee.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Intl. Small Cap Value 32.39% 10.13% 17.09% 10.92%
MSCI EAFE Small Cap Index* 22.75% 4.95% 15.72% 6.95%

Number of Holdings2,057Turnover (as of 10/31/12)18.00%
Weighted Average Market Cap$2,391MDividend Yield2.20%
Weighted Average Book-to-Market1.07Expense Ratio (as of 10/31/13)0.71%

*Price-Only All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

11.

EM

IFA Emerging Market Index

Time-Series Construction
January 1928 – December 1969: 50% IFA US Large Value Index and 50% IFA US Small Cap Index
January 1970 – December 1987: 50% IFA Int'l Value and 50% IFA Int'l Small Cap
January 1988 – December 1988: MSCI Emerging Markets Index (gross div.) minus 0.05%/mo (mutual fund exp ratio)
January 1989 – April 1994: Fama/French Emerging Markets Index minus 0.05%/mo (mutual fund exp ratio)
May 1994 – Present: DFA Emerging Markets Portfolio Symbol: DFEMX


Investment Objective of DFA Emerging Markets Portfolio I (DFEMX): Factsheet | Prospectus 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 a diverse group of emerging market countries that have been authorized for investment by the Advisor's Investment Committee.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Emerging Markets Portfolio I -3.12% -1.58% 14.81% 11.63%
MSCI Emerging Markets Index* -2.27% -1.74% 15.15% 11.52%

Number of Holdings1,038Turnover (as of 10/31/12)5.00%
Weighted Average Market Cap$42,139MDividend Yield2.28
Weighted Average Book-to-Market0.65Expense Ratio (as of 10/31/13)0.61%

*Gross Dividend All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., CRSP, FAMA and FRENCH, and IFA (ifabt.com.)

12.

EV

IFA Emerging Market Value Index

Time-Series Construction
January 1928 – December 1969: IFA US Small Cap Value Index
January 1970 – December 1988: IFA Emerging Markets Index
January 1989 – April 1998: Dimensional Emerging Value Index minus 0.05%/mo (mutual fund exp ratio)
May 1998 – Present: DFA Emerging Markets Value Portfolio Symbol DFEVX


Investment Objective of DFA Emerging Markets Value Portfolio I (DFEVX): Factsheet | Prospectus 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-earnings ratios may be considered. The criteria for assessing value are subject to change from time to time. The Portfolio currently invests in a diverse group of emerging market countries that have been authorized for investment by the Advisor's Investment Committee.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Emerging Markets Value Portfolio I -3.80% -5.12% 14.92% 12.97%
MSCI Emerging Markets Index* -2.27% -1.74% 15.15% 11.52%

Number of Holdings2,235Turnover (as of 10/31/12)8.00%
Weighted Average Market Cap$25,356MDividend Yield2.47%
Weighted Average Book-to-Market1.12Expense Ratio (as of 10/31/13)0.61%

*Gross Dividend All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., CRSP, FAMA and FRENCH, and IFA (ifabt.com.)

13.

ES

IFA Emerging Market Small Cap Index

Time-Series Construction
January 1928 – December 1969: IFA US Small Cap Index
January 1970 – December 1988: IFA Emerging Markets Index
January 1989 – March 1998: Fama/French Emerging Markets Small minus 0.065%/mo (mutual fund exp ratio)
April 1998 – Present: DFA Emerging Markets Small Cap Portfolio Symbol: DEMSX


Investment Objective of DFA Emerging Markets Small Cap Portfolio I (DEMSX): Factsheet | Prospectus 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 currently invests in a diverse group of developed market countries that have been authorized for investment by the Advisor's Investment Committee.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Emg. Markets Small Cap Portfolio I -1.38% -1.71% 19.82% 13.18%
MSCI Emerging Markets Index* -2.27% -1.74% 15.15% 11.52%

Number of Holdings3,227Turnover (as of 10/31/12)13.00%
Weighted Average Market Cap$1,266MDividend Yield2.22%
Weighted Average Book-to-Market0.76Expense Ratio (as of 10/31/13)0.82%

*Gross Dividend All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., CRSP, FAMA and FRENCH, and IFA (ifabt.com.)

14.

1F

IFA One-Year Fixed Income Index

Time-Series Construction
January 1928 – June 1963: One-Month T-Bills minus 0.015%/mo (mutual fund exp ratio)
July 1963 – July 1983: One-Year T-Note Index minus 0.015%/mo (mutual fund exp ratio)
August 1983 – Present: DFA One-Year Fixed Income Portfolio Symbol DFIHX


Investment Objective of Investment Objective of DFA One-Year Fixed Income Portfolio (DFIHX): Factsheet | Prospectus 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 that mature within one year from the date of settlement. However, when greater yields 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.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA One-Year Fixed Income Index Portfolio 0.34% 0.62% 0.99% 2.20%
One-Year US Treasury Note* 0.25% 0.35% 0.54% 2.07%

Duration0.92 Years
Expense Ratio (as of 10/31/12)0.17%
Average Portfolio Maturity Range0.93 Years

*BofA Merrill Lynch Index All Data as of Dec. 30, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

15.

2F

IFA Two-Year Global Fixed Income Index

Time-Series Construction
January 1928 – June 1977: Five-Year T-Notes minus 0.015%/mo (mutual fund exp ratio)
July 1977 – December 1989: ML US Treasury Index 1-3 Years minus 0.015%/mo (mutual fund exp ratio)
January 1990 – February 1996: Citi World Gov't Bond 1-3 Years Hedged minus 0.015%/mo (mutual fund exp ratio)
March 1996 – December 2007: DFA Two-Year Global Fixed Income Portfolio Symbol: DFGFX


Investment Objective of DFA Two-Year Global Fixed Income Portfolio (DFGFX): Factsheet | Prospectus The investment objective of the Two-Year Global Fixed Income Portfolio is to maximize total returns consistent with preservation of capital. Generally, the Portfolio will acquire high-quality obligations that 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 US and international 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.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Two-Year Global Fixed Income Portfolio 0.46% 0.76% 1.22% 2.24%
World Gov't Bond Index 1-3 Years* 0.76% 1.18% 1.39% 2.76%

Duration1.36 Years
Expense Ratio (as of 10/31/12)0.18%
Average Portfolio Maturity Range1.38 Years

*Citigroup Index, Hedged All Data as of Dec. 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

16.

5F

IFA Five-Year Global Fixed Income Index

Time-Series Construction
January 1928 – December 1984: IFA Five-Year Government Fixed Income Index
January 1985 – November 1990: Citi Global Government Bond Hedged minus 0.0233%/mo (mutual fund exp ratio)
December 1990 – Present: DFA Five-Year Global Fixed Income Portfolio Symbol: DFGBX


Investment Objective of DFA Five-Year Global Fixed Income Portfolio (DFGBX): Factsheet | Prospectus The investment objective of the 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 that mature within five 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 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.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Five-Year Global Fixed Portfolio -0.41% 2.94% 3.66% 3.60%
World Gov't Bond 1-5 Years* 0.62% 1.67% 1.86% 3.19%

Duration3.90 Years
Expense Ratio (as of 10/31/12)0.28%
Average Portfolio Maturity Range4.08 Years

*Citigroup Index, Hedged All Data as of Dec. 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

17.

3G

IFA Short Term Government Index

Time-Series Construction
January 1928 – December 1972: Five-Year T-Notes minus 0.0167%/mo (mutual fund exp ratio)
January 1973 – May 1987: Barclays Intermediate Government Bond Index minus 0.0167%/mo (mutual fund exp ratio)
June 1987 – Present: DFA Short-Term Govt. Portfolio (Five-Year Gov't Income) Symbol: DFFGX


Investment Objective of DFA Short-Term Government Portfolio (DFFGX): Factsheet | Prospectus The investment objective of the Short-Term Government Portfolio (formerly the 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 backed by US government securities.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Short-Term Gov't Portfolio -0.451% 1.50% 2.08% 3.15%
Capital US Gov't Bond Index Int.* -0.17% 1.33% 1.67% 3.12%

Duration2.62 Years
Expense Ratio (as of 10/31/12)0.20%
Average Portfolio Maturity Range2.73 Years

*Barclays Index All Data as of Dec. 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

18.

SCE

IFA US Social Core Equity Index

Time-Series Construction
January 1928 - September 2005: Dimensional Adjusted Market 2 Index minus 0.028%/mo (mutual fund exp ratio)
October 2005 - October 2007: DFA US Core Equity 2 Portfolio Symbol: DFQTX minus 0.01%/mo (mutual fund exp ratio)
November 2007 - Present: DFA US Social Core Equity 2 Portfolio Symbol: DFUEX


Investment Objective of DFA US Social Core Equity 2 Portfolio (DFUEX): Factsheet | Prospectus The US Social Core Equity 2 Portfolio 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.


Average Annual Total Return One Year Three Years Five Years Inception*
DFA US Social Core Equity 2 Portfolio 37.08% 16.18% 20.02% 5.81%
Russell 3000 Index 33.55% 16.24% 18.71% 5.63%

Number of Holdings2,263Turnover (as of 10/31/12)13.00%
Weighted Average Market Cap$65,595MDividend Yield1.54%
Weighted Average Book-to-Market0.54Expense Ratio (as of 10/31/12)0.33%

*Inception Date 10/1/07 All Data as of Dec. 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

19.

EMS

IFA Emerging Markets Social Core Index

Time-Series Construction
January 1928 - April 2005: 30% IFA Emerging Markets Index + 30% IFA Emerging Markets Value Index + 40% IFA Emergning Markets Small Cap Index
May 2005 - August 2006: DFA Core Emerging Markets (DFCEX)
September 2006 - Present: DFA Social Core Emerging Markets Portfolio Symbol: DFESX


Investment Objective of Emerging Markets Social Core Equity Portfolio (DFESX): Factsheet | Prospectus The Emerging Markets Social Core Equity Portfolio 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 currently invests in companies in a diverse group of emerging market countries that have been authorized for investment by the Advisor's Investment Committee. 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.


Average Annual Total Return One Year Three Years Five Years Inception*
DFESX Portfolio -3.15% -2.82% 15.80% 7.03%
MSCI Emerging Market Index** -2.60% -2.06% 14.79% 6.04%

Number of Holdings3,078Turnover (as of 10/31/12)44.00%
Weighted Average Market Cap$28,038MDividend Yield2.32%
Weighted Average Book-to-Market0.75Expense Ratio (as of 10/31/12)0.75%

*Inception Date 8/31/06 **Net Dividend All Data as of Dec. 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

20.

ISE

IFA International Social Core Equity Index

Time-Series Construction
January 1928 - December 1969: Dimensional Adjusted Market 2 Index minus 0.018%/mo. (mutual fund exp ratio)
January 1970 - December 1993: 60% MSCI EAFE Index (Gross Dividends) minus 0.025%/mo. (mutual fund exp ratio) + 20% Dimensional International Small Cap Index minus 0.0458%/mo (mutual fund exp ratio) + 20% Dimensional International Small Cap Value Index minus 0.0575%/mo (mutual fund exp ratio)
January 1994 - September 2005: DFA International Adjusted Market Index minus 0.035%/mo (mutual fund exp ratio)
October 2005 - November 20 2012: DFA International Core Equity Portfolio Symbol: DFIEX
December 2012 - Present: DFA International Social Core Equity Portfolio Symbol: DSCLX


Investment Objective of DFA International Social Core Equity Portfolio (DSCLX): Factsheet | Prospectus The International Social Core Equity Portfolio purchases a broad and diverse group of stocks of non-US companies in developed markets with a greater emphasis on small capitalization and value companies as compared to their representation in the international universe, while excluding securities of certain companies based on the Portfolio's social issue screens. The current universe is defined as a market cap weighted portfolio of non-US companies in developed markets that have been authorized as approved markets for investment by Dimensional's Investment Committee. The increased exposure to small capitalization and value companies for the Portfolio may be achieved by decreasing the allocation of the Portfolio's assets to the largest growth companies relative to their weight in the International Universe, which would result in a greater weight allocation to small capitalization and value companies. An equity issuer is considered a growth company primarily because it has a low, non-negative book value in relation to its market capitalization. An equity issuer is considered a value company primarily because it has a high book value in relation to its market capitalization. In assessing growth and value, Dimensional may consider additional factors, such as price-to-cash flow or price-to-earnings ratios, as well as economic conditions and developments in the issuer's industry. The criteria Dimensional uses for assessing value is subject to change from time to time. Further information including the current list of the social issue screens used to screen the investment universe of the portfolio can be found in the fund's prospectus.


*Inception date 11/1/2012 All Data as of Dec. 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

21.

ISC

IFA International Sustainability Core Index

Time-Series Construction
January 1928 – March 2008: IFA International Core Equity Index minus 0.015%/mo (mutual fund exp ratio)
April 2008 – Present: DFA International Sustainability Core Portfolio Symbol: DFSPX


Investment Objective of DFA International Sustainability Core 1 Portfolio (DFSPX): Factsheet | Prospectus The International Sustainability Core 1 Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio seeks to purchase a broad and diverse group of stocks of non-US companies in developed markets with an increased exposure to small cap stocks and those it considers to be value stocks as compared to their representation in the market universe, while adjusting the composition of the Portfolio based on environmental impact considerations. Dimensional defines the market universe as a market cap weighted portfolio of non-US companies in developed markets that have been authorized as approved markets for investment by Dimensional. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value (BtM). In assessing value, additional factors such as price to cash flow or price to earnings 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.


Average Annual Total Return One Year Three Years Five Years Inception*
DFA Intl. Sustainability Core I 22.64% 7.58% 13.38 2.56%
MSCI World ex USA Index** 21.02% 7.34% 12.49% 1.89%

Number of Holdings2,500Turnover (as of 10/31/12)11.00%
Weighted Average Market Cap$43,780MDividend Yield2.89%
Weighted Average Book-to-Market0.65Expense Ratio (as of 10/31/12)0.57%

*Inception Date 3/12/2008 **Net Div. All Data as of Dec. 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

22.

USC

IFA Sustainability Core Index

Time-Series Construction
January 1928 – September 2005: Dimensional Adjusted Market 1 Index minus 0.03%/mo (mutual fund exp ratio)
October 2005 – March 2008: DFA US Core 1 Equity Portfolio minus 0.01%/mo (mutual fund exp ratio)
April 2008 – Present: DFA US Sustainability Core 1 Portfolio Symbol: DFSIX


Investment Objective of DFA US Sustainability Core 1 Portfolio (DFSIX): Factsheet | Prospectus The US Sustainability Core 1 Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio seeks to purchase a broad and diverse group of US securities with an increased exposure to small cap stocks and those it considers to be value stocks, relative to the market universe, while adjusting the composition of the Portfolio based on environmental impact considerations. The market universe is comprised of companies listed on the New York Stock Exchange, Nasdaq Global Market® or such other securities exchanges deemed appropriate by Dimensional. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value (BtM). In assessing value, additional factors such as price to cash flow or price to earnings 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.


Average Annual Total Return One Year Three Years Five Years Inception*
DFA US Sustainability Core I 36.69% 16.70% 19.90% 9.83%
Russell 3000 Index 33.55% 16.24% 18.71% 9.05%

Number of Holdings2,314Turnover (as of 10/31/12)9.00%
Weighted Average Market Cap$70,963MDividend Yield1.59%
Weighted Average Book-to-Market0.47Expense Ratio (as of 10/31/12)0.37%

*Inception Date 3/12/2008 All Data as of Dec. 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

23.

SP

S&P 500® Index

Time-Series Construction
January 1928 - December 1989: S&P 500 Ibbotson Associates SBBI data courtesy of Morningstar Direct
January 1990 - Present: S&P 500 Index data courtesy of Morningstar Direct


Investment Objective of S&P 500® Index: Widely regarded as the best single gauge of the U.S. equities market, this world-renowned index includes 500 leading companies in leading industries of the U.S. economy. Although the S&P 500® focuses on the large cap segment of the market, with approximately 75% coverage of U.S. equities, it is also a proxy for the total market. S&P 500 is part of a series of S&P U.S. indices that can be used as building blocks for portfolio construction.


Average Annual Total Return One Year Three Years Five Years Ten Years
S&P 500 Index 32.39% 16.18% 17.94% 7.41%
Blank 0% 0% 0% 0%

Turnover (as of 10/31/12)Number of Holdings500
Dividend YieldAverage Market Cap

All Data as of Dec 31, 2013. Returns include dividends. Sources and Updates: Morningstar Direct, and IFA (ifabt.com.)

24.

N

IFA NSDQ Index

Time-Series Construction
January 1928 - February 1971: Fama/French US Small Growth Simulated Portfolio (ex Utilities)
Mar 1971 - Present: NASDAQ % Change; Excluding Dividends (Source: Yahoo! Finance)


Investment Objective of IFA NSDQ Index: To capture the return of the NASDAQ-100 Index, excluding the impact of dividends. The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial securities listed on The Nasdaq Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. It does not contain securities of financial companies including investment companies.


All Data as of Dec 31, 2013. Sources and Updates: Yahoo! Finance, and IFA (ifabt.com.)

25.

TM

IFA U.S. Total Market Index

Time-Series Construction
Jan 1928 - May 1998: Dimensional US Marketwide minus 0.01%/mo (mutual fund exp ratio)
May 1992 - Present: Vanguard US Total Market Index Inst'l :VITSX


Investment Objective of Vanguard US Total Market Index (VITSX): The investment seeks to track the performance of a benchmark index that measures the investment return of the overall stock market. The fund employs a passive management strategy designed to track the performance of the MSCI US Broad Market index, which consists of all the U.S. common stocks traded regularly on the New York Stock Exchange and the Nasdaq over-the-counter market. It typically holds 1,200-1,300 of the stocks in its target index.


Average Annual Total Return One Year Three Years Five Years Ten Years
Vanguard US Total Market Index 33.49% 16.25% 18.86% 8.12%

Number of Holdings3,657Turnover (as of 10/31/12)4.30%
Weighted Average Market Cap$45.6BDividend Yield1.80%
Weighted Average Book-to-MarketNAExpense Ratio (as of 12/31/10)NA

All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Vanguard, and IFA (ifabt.com.)

26.

LG

IFA U.S. Large Growth Index

Time-Series Construction
Jan 1928 - Nov 1992: Dimensional US Large Cap Growth minus 0.01%/mo (mutual fund exp ratio)
Dec 1992 - Present: Vanguard Growth Index Inst'l: VIGIX


Investment Objective of Vanguard Growth Index (VIGIX): The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization growth stocks. The fund employs a passive management investment approach designed to track the performance of the MSCI US Prime Market Growth index, a broadly diversified index of growth stocks of large U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.


Average Annual Total Return One Year Three Years Five Years Ten Years
Vanguard Growth Index 32.41% 16.45% 20.36% 8.06%

Number of Holdings356Turnover (as of 10/31/12)32.30%
Weighted Average Market Cap$56.1BDividend Yield1.31%
Weighted Average Book-to-Market0.29Expense Ratio (as of 12/31/10)NA

All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Vanguard, and IFA (ifabt.com.)

27.

SG

IFA U.S. Small Growth Index

Time-Series Construction
Jan 1928 - May 1998: Dimensional US Small Cap Growth minus 0.01%/mo (mutual fund exp ratio)
Jun 1998 - Present: Vanguard Small-Cap Growth Index Inst'l :VSGIX


Investment Objective of Vanguard Small-Cap Growth Index (VSGIX): The investment seeks to track the performance of a benchmark index that measures the investment return of small capitalization growth stocks. The fund employs a passive management investment approach designed to track the performance of the MSCI US Small Cap Growth index, a broadly diversified index of growth stocks of smaller U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.


Average Annual Total Return One Year Three Years Five Years Ten Years
Vanguard Small-Cap Growth Index 38.20% 17.05% 24.45% 10.82%

Number of Holdings680Turnover (as of 10/31/12)50.00%
Weighted Average Market Cap$3.1BDividend Yield0.68%
Weighted Average Book-to-MarketNAExpense Ratio (as of 12/31/10)NA

All Data as of Dec 31, 2013. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Vanguard, and IFA (ifabt.com.)

Risk and Reward of IFA Indexes
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