IFA INDEXES DATA SOURCES


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 total investment return of the S&P 500® Index. The portfolio generally invests in the stocks that comprise the S&P 500® Index in approximately the proportions as they are represented in the S&P 500® 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. In seeking to approximate the total investment return of the S&P 500® Index, Dimensional may also adjust the representation of securities in the US Large Company Portfolio after considering such securities' characteristics and other factors Dimensional determines to be appropriate.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Large Company Portfolio 19.64% 22.89% 15.60% 8.12%
S&P 500 Index 19.73% 22.99% 15.70% 8.11%

Number of Holdings503Turnover (as of 10/31/12)3.00%
Weighted Average Market Cap$130,471MWeighted Average Dividend-to-Price2.08%
Aggregated Price-to-Book2.34Expense Ratio (as of 10/31/13)0.08%

All Data as of Sep 30, 2014. 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 achieve long-term capital appreciation. The Portfolio is a feeder portfolio and pursues its objective by investing substantially all of its assets in its corresponding Master Fund, The US Large Cap Value Series. The Master Fund, using a market capitalization weighted approach, purchases a broad and diverse group of readily marketable securities of large US companies Dimensional determines to be value stocks at the time of purchase. 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. Dimensional may modify market capitalization weights and even exclude companies after considering such factors as free float, momentum, trading strategies, liquidity management, and expected profitability. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets. The market universe is comprised of companies listed on the New York Stock Exchange, NYSE MKT LLC, 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).


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Large Cap Value Portfolio (I) 20.39% 27.81% 17.27% 9.05%
Russell 1000 Value Index 18.89% 23.93% 15.26% 7.84%

Number of Holdings254Turnover (as of 10/31/12)15.00%
Weighted Average Market Cap$91,181MWeighted Average Dividend-to-Price2.15%
Aggregated Price-to-Book1.41Expense Ratio (as of 10/31/13)0.27%

All Data as of Sep 30, 2014. 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 TThe US Small Cap 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 readily marketable securities of US small cap companies using a market cap weighted approach. 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. Dimensional may modify market capitalization weights and even exclude companies after considering such factors as free float, momentum, trading strategies, liquidity management, and expected profitability. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets. The market universe is comprised of US-operating companies listed on the New York Stock Exchange, NYSE MKT LLC, Nasdaq Global Market® or such other securities exchanges deemed appropriate by Dimensional.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Small Cap Portfolio (I) 5.93% 23.16% 16.16% 9.40%
Russell 2000 Index 3.93% 21.26% 14.29% 8.19%

Number of Holdings2,140Turnover (as of 10/31/12)10.00%
Weighted Average Market Cap$1,857MWeighted Average Dividend-to-Price1.15%
Aggregated Price-to-Book1.82Expense Ratio (as of 10/31/13)0.37%

All Data as of Sep 30, 2014. 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 achieve long-term capital appreciation. The portfolio seeks to purchase a broad and diverse group of the securities of US micro cap companies using a market capitalization weighted approach. 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. Dimensional may modify market capitalization weights and even exclude companies after considering such factors as free float, momentum, trading strategies, liquidity management, and expected profitability. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets. The market universe is comprised primarily of US operating companies listed on the New York Stock Exchange, NYSE MKT LLC, Nasdaq Global Market® or such other securities exchanges deemed appropriate by Dimensional.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Micro Cap Portfolio 4.80% 23.19% 16.05% 8.43%
Russell 2000 Index 3.93% 21.26% 14.29% 8.19%

Number of Holdings1,788Turnover (as of 10/31/12)11.00%
Weighted Average Market Cap$989MWeighted Average Dividend-to-Price1.06%
Aggregated Price-to-Book1.74Expense Ratio (as of 10/31/13)0.52%

All Data as of Sep 30, 2014. 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 achieve long-term capital appreciation. The portfolio uses a market capitalization weighted approach and generally purchases a broad and diverse group of readily marketable securities of US small and mid cap companies that Dimensional believes to be value stocks at the time of purchase. As of the date of the prospectus, Dimensional considers for investment companies whose market capitalizations are generally smaller than the 500th largest US company in the market universe. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value. Dimensional may modify market capitalization weights and even exclude companies after considering such factors as free float, momentum, trading strategies, liquidity management, and expected profitability. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets. The market universe is comprised of US operating companies listed on the New York Stock Exchange, NYSE MKT LLC, Nasdaq Global Market® or such other securities exchanges deemed appropriate by Dimensional.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Targeted Value Portfolio (I) 10.83% 25.61% 16.15% 9.30%
Russell 2000 Value Index 4.13% 20.61% 13.02% 7.25%

Number of Holdings1,555Turnover (as of 10/31/12)16.00%
Weighted Average Market Cap$3,026MWeighted Average Dividend-to-Price1.34%
Aggregated Price-to-Book1.29Expense Ratio (as of 10/31/13)0.37%

All Data as of Sep 30, 2014. 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 seeks to achieve exposure to a broad range of securities of US and non-US companies in the real estate industry with a focus on real estate investment trusts or companies that Dimensional considers to be REIT-like entities by primarily purchasing shares of the underlying funds. 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 that are eligible investments for the underlying funds. The portfolio invests in securities associated with a diverse group of developed and emerging market countries that Dimensional has designated as approved markets. Dimensional may modify market capitalization weights and even exclude companies after considering such factors as free float, momentum, trading strategies, liquidity management, and expected profitability, as well as other factors that the Advisor determines to be appropriate, given market conditions. In assessing expected profitability, the Advisor may consider different ratios, such as that of earnings or profits from operations relative to book value or assets. Dimensional also may limit or fix the portfolio’s exposure to a particular country or issuer.


Average Annual Total Return One Year Three Years Five Years Inception*
DFA Global Real Estate Sec. Portfolio 10.57% 15.33% 13.12% 4.45%
S&P Global REIT Index** 9.71% 14.66% 12.11% 3.19%

Number of Holdings377Turnover (as of 10/31/12)NA
Weighted Average Market Cap$11,956MWeighted Average Dividend-to-Price4.20%
Aggregated Price-to-Book1.67Expense Ratio (as of 10/31/13)0.32%

*Inception Date 6/4/08 **Net Dividends All Data as of Sep 30, 2014. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

7.

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. As of the date of the prospectus, as a fund of funds, the portfolio pursues its objective by investing substantially all of its assets in the Canadian Small Company Series (0-20%), Japanese Small Company Series (10-35%), Asia Pacific Small Company Series (0-25%), United Kingdom Small Company Series (10-30%) and Continental Small Company Series (25-50%), although it has the ability to invest directly in securities and derivatives. From time to time, the Advisor may add or remove Underlying Funds in the International Small Company portfolio without notice to shareholders. These Underlying Funds invest in small companies using a market cap weighted approach in each country or region designated by Dimensional as an approved market for investment. Dimensional may modify market capitalization weights and even exclude companies after considering such factors as free float, momentum, trading strategies, liquidity management, and expected profitability. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Intl. Small Cap Index 4.41% 14.47% 9.33% 8.73%
MSCI World ex USA Small Cap Index* 1.25% 10.72% 6.34% 5.66%

Number of Holdings4,180Turnover (as of 10/31/12)NA
Weighted Average Market Cap$2,036MWeighted Average Dividend-to-Price2.70
Aggregated Price-to-Book1.43Expense Ratio (as of 10/31/13)0.54%

*Price-Only All Data as of Sep 30, 2014. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

8.

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 substantially all of its assets in its corresponding Master Fund, The International Value Series. The Master Fund purchases securities 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 their market value (BtM). Dimensional may modify market capitalization weights and even exclude companies after considering such factors as free float, momentum, trading strategies, liquidity management, and expected profitability. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets. The Master Fund intends to purchase securities associated with developed market countries that Dimensional has designated as approved markets.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Intl. Value Index Portfolio 4.29% 13.33% 5.33% 6.84%
MSCI EAFE Index* 4.86% 13.15% 6.52% 6.53%

Number of Holdings538Turnover (as of 10/31/12)15.00%
Weighted Average Market Cap$55,018MWeighted Average Dividend-to-Price3.35%
Aggregated Price-to-Book1.07Expense Ratio (as of 10/31/13)0.43%

*Net Dividends All Data as of Sep 30, 2014. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

9.

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, using a market capitalization weighted approach, to purchase securities of small, non-U.S. companies in countries with developed markets that Dimensional determines to be value stocks at the time of purchase. In general, the higher the relative market capitalization of a small company within an eligible country, the greater its representation in the portfolio. Dimensional may modify market capitalization weights and even exclude companies after considering such factors as free float, momentum, trading strategies, liquidity management, and expected profitability. Securities are considered value stocks primarily because a company’s shares have a high book value in relation to their market value (“book to market ratio”). In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Intl. Small Cap Value 6.67% 17.52% 8.88% 9.34%
MSCI EAFE Small Cap Index* 1.25% 10.72% 6.34% 5.66%

Number of Holdings2,179Turnover (as of 10/31/12)9.00%
Weighted Average Market Cap$2,340MWeighted Average Dividend-to-Price2.45%
Aggregated Price-to-Book0.94Expense Ratio (as of 10/31/13)0.69%

*Price-Only All Data as of Sep 30, 2014. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

10.

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 substantially all of its assets in its corresponding Master Fund, The Emerging Markets Series. The Master Fund purchases a broad market coverage of larger companies associated with emerging markets, which may include frontier markets, that Dimensional has designated as approved markets. Dimensional may adjust the representation in the Master Fund of an eligible company, or exclude a company, after considering expected profitability relative to other eligible companies. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Emerging Markets Portfolio I 4.82% 7.75% 5.13% 10.96%
MSCI Emerging Markets Index* 4.66% 7.56% 4.76% 11.03%

Number of Holdings1,085Turnover (as of 10/31/12)4.00%
Weighted Average Market Cap$38,558MWeighted Average Dividend-to-Price2.44
Aggregated Price-to-Book1.55Expense Ratio (as of 10/31/13)0.57%

*Gross Dividend All Data as of Sep 30, 2014. 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.)

11.

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 substantially all of its assets in its corresponding Master Fund, The Dimensional Emerging Markets Value Fund. The Master Fund purchases emerging markets equity securities that Dimensional deems 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). The Master Fund invests in securities associated with emerging markets, which may include frontier markets, that Dimensional has designated as approved markets. Dimensional may adjust the representation in the Master Fund of an eligible company, or exclude a company, after considering expected profitability relative to other eligible companies. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Emerging Markets Value Portfolio I 3.07% 6.66% 3.00% 11.65%
MSCI Emerging Markets Index* 4.66% 7.56% 4.76% 11.03%

Number of Holdings2,191Turnover (as of 10/31/12)6.00%
Weighted Average Market Cap$25,108MWeighted Average Dividend-to-Price2.76%
Aggregated Price-to-Book0.94Expense Ratio (as of 10/31/13)0.57%

*Gross Dividend All Data as of Sep 30,2014. 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.

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 substantially all of its assets in its corresponding Master Fund, The Emerging Markets Small Cap Series. The Master Fund purchases broad market coverage of smaller companies associated with each emerging market, which may include frontier markets, that Dimensional has designated as approved markets. Dimensional may adjust the representation in the Master Fund of an eligible company, or exclude a company, after considering expected profitability relative to other eligible companies. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Emg. Markets Small Cap Portfolio I 10.13% 11.02% 8.39% 13.11%
MSCI Emerging Markets Index* 4.66% 7.56% 4.76% 11.03%

Number of Holdings3,232Turnover (as of 10/31/12)11.00%
Weighted Average Market Cap$1,370MWeighted Average Dividend-to-Price2.33%
Aggregated Price-to-Book1.34Expense Ratio (as of 10/31/13)0.75%

*Gross Dividend All Data as of Sep 30, 2014. 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.

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 One-Year Fixed Income Portfolio is a no-load mutual fund designed to achieve stable real return in excess of the rate of inflation with a minimum of risk. Generally, the portfolio will invest in a universe of high quality fixed income securities that typically mature within one year from the date of settlement. However, the portfolio may take a large position in securities maturing within two years from the date of settlement when higher yields are available. In addition, the portfolio may concentrate investments in obligations of US and foreign banks and bank holding companies under certain circumstances. The portfolio normally maintains a weighted average maturity that will not exceed one year and principally invests in certificates of deposit, commercial paper, bankers' acceptances, notes and bonds.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA One-Year Fixed Income Index Portfolio 0.29% 0.51% 0.66% 2.16%
One-Year US Treasury Note* 0.26% 0.28% 0.46% 2.03%

Duration0.97 Years
Expense Ratio (as of 10/31/12)0.17%
Average Portfolio Maturity Range0.98 Years

*BofA Merrill Lynch Index All Data as of Sep 30, 2014. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

14.

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 – Present: DFA Two-Year Global Fixed Income Portfolio Symbol: DFGFX


Investment Objective of DFA Two-Year Global Fixed Income Portfolio (DFGFX): Factsheet | Prospectus The Two-Year Global Fixed Income Portfolio is a no-load mutual fund designed to maximize total returns consistent with preservation of capital. The portfolio generally invests in a universe of US and foreign debt securities maturing in two years or less. As of the date of the prospectus, most investments are made in obligations of issuers that are in developed countries, but investing in issuers located in other countries may be added in the future. The fixed income securities in which the portfolio invests are considered investment grade at the time of purchase. The portfolio will also enter into forward foreign currency contracts to attempt to protect against uncertainty in the level of future foreign currency rates, to hedge against fluctuations in currency exchange rates or to transfer balances from one currency to another. The portfolio may use derivatives, such as futures contracts and options on futures contracts, to gain market exposure on its uninvested cash pending investment in securities or to maintain liquidity to pay redemptions.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Two-Year Global Fixed Income Portfolio 0.41% 0.55% 0.88% 2.20%
World Gov't Bond Index 1-3 Years* 0.66% 0.84% 0.88% 2.43%

Duration1.32 Years
Expense Ratio (as of 10/31/12)0.18%
Average Portfolio Maturity Range1.34 Years

*Citigroup Index, Hedged All Data as of Sep 30, 2014. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

15.

5F

IFA Five-Year Global Fixed Income Index

Time-Series Construction
January 1928 – December 1984: IFA Short Term Government 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 Five-Year Global Fixed Income Portfolio is a no-load mutual fund designed to provide a market rate of return for a fixed income portfolio with low relative volatility of returns. Generally, the portfolio will invest in universe of US and foreign debt securities which mature within five years from the date of settlement. As of the date of the prospectus, Dimensional expects that most investments are made in the obligations of issuers that are in developed countries, but obligations of issuers in other countries may be added in the future. Investments in obligations of other foreign issuers rated AA or better, corporate debt obligations, bank obligations, commercial paper, repurchase agreements, obligations of other domestic and foreign issuers, securities of domestic or foreign issuers denominated in US dollars but not trading in the United States, and supranational organizations may also be included. The portfolio will also enter into forward foreign currency contracts to attempt to protect against uncertainty in the level of future foreign currency rates, to hedge against fluctuations in currency exchange rates or to transfer balances from one currency to another. The portfolio may use derivatives, such as futures contracts and options on futures contracts, to gain market exposure on its uninvested cash pending investment in securities or to maintain liquidity to pay redemptions.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Five-Year Global Fixed Portfolio 1.80% 1.92% 3.24% 3.54%
World Gov't Bond 1-5 Years* 1.64% 1.52% 1.74% 3.15%

Duration3.92 Years
Expense Ratio (as of 10/31/12)0.28%
Average Portfolio Maturity Range4.12 Years

*Citigroup Index, Hedged All Data as of Sep 30, 2014. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

16.

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 Short-Term Government Portfolio is a no-load mutual fund designed to maximize total returns from the universe of debt obligations of the US Government and its agencies. Ordinarily, the portfolio will invest at least 80% of its net assets in government securities that mature within five years from the date of settlement. The portfolio may also acquire repurchase agreements backed by US government securities. The portfolio is authorized to invest more than 25% of its total assets in US Treasury bonds, bills and notes and obligations of federal agencies and instrumentalities.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Short-Term Gov't Portfolio 0.73% 0.80% 1.92% 2.97%
Capital US Gov't Bond Index Int.* 0.67% 0.66% 1.63% 3.06%

Duration2.75 Years
Expense Ratio (as of 10/31/12)0.19%
Average Portfolio Maturity Range2.88 Years

*Barclays Index All Data as of Sep 30, 2014. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

17.

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 securities of US companies with an increased exposure to small cap companies and those Dimensional considers to be value companies, relative to the US market universe, while excluding companies based on the portfolio's social screens. The portfolio’s percentage allocation to all securities as compared to their representation in the US universe may be modified after considering factors such as free float, momentum, trading strategies, liquidity management, and expected profitability. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets. The US market universe is comprised of companies listed on the New York Stock Exchange, NYSE MKT LLC, Nasdaq Global Market® or such other securities exchanges deemed appropriate by Dimensional. 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.


Average Annual Total Return One Year Three Years Five Years Inception*
DFA US Social Core Equity 2 Portfolio 14.57% 23.96% 15.76% 5.69%
Russell 3000 Index 17.76% 23.08% 15.78% 6.03%

Number of Holdings2,291Turnover (as of 10/31/12)12.00%
Weighted Average Market Cap$72,454MWeighted Average Dividend-to-Price1.77%
Aggregated Price-to-Book1.89Expense Ratio (as of 10/31/12)0.30%

*Inception Date 10/1/07 All Data as of Sep 30, 2014. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

18.

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 associated with emerging markets, which may include frontier markets, authorized for investment by Dimensional’s Investment Committee, with an increased exposure to securities of small cap issuers and securities that it considers to be value securities, while excluding securities of certain emerging markets companies based upon the portfolio's social issue screens 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 criteria Dimensional uses for assessing value are subject to change from time to time. In addition, Dimensional may adjust the representation in the portfolio of an eligible company, or exclude a company, after considering the expected profitability relative to other eligible companies. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets.


Average Annual Total Return One Year Three Years Five Years Inception*
DFESX Portfolio 5.06% 8.06% 4.97% 6.80%
MSCI Emerging Market Index** 4.30% 7.19% 4.42% 5.78%

Number of Holdings3,129Turnover (as of 10/31/12)2.00%
Weighted Average Market Cap$29,002MWeighted Average Dividend-to-Price2.48%
Aggregated Price-to-Book1.43Expense Ratio (as of 10/31/12)0.66%

*Inception Date 8/31/06 **Net Dividend All Data as of Sep 30, 2014. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

19.

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 is a no-load mutual fund designed to achieve long-term capital appreciation. The portfolio purchases a broad and diverse group of securities 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 portfolio’s percentage allocation to all securities as compared to their representation in the international universe may be modified after considering factors such as free float, momentum, trading strategies, liquidity management, and expected profitability. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets. 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 portfolio’s prospectus.


*Inception date 11/1/2012 All Data as of Sep 30, 2014. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

20.

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 securities of non-US companies in developed markets with an increased exposure to small cap companies and those Dimensional considers to be value companies as compared to their representation in the international market universe, while adjusting the composition of the portfolio based on environmental impact considerations. The portfolio’s percentage allocation to all securities as compared to their representation in the international universe may be modified after considering factors such as free float, momentum, trading strategies, liquidity management, and expected profitability. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets. Dimensional defines the international 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. 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.


Average Annual Total Return One Year Three Years Five Years Inception*
DFA Intl. Sustainability Core I 4.02% 13.87% 6.66% 2.02%
MSCI World ex USA Index** 4.86% 13.15% 6.52% 1.57%

Number of Holdings2,862Turnover (as of 10/31/12)2.00%
Weighted Average Market Cap$42,675MWeighted Average Dividend-to-Price3.07%
Aggregated Price-to-Book1.57Expense Ratio (as of 10/31/12)0.52%

*Inception Date 3/12/2008 **Net Div. All Data as of Sep 30, 2014. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

21.

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 securities of US companies with an increased exposure to small cap companies and those Dimensional considers to be value companies, relative to the US market universe, while adjusting the composition of the portfolio based on environmental impact considerations. The portfolio’s percentage allocation to all securities as compared to their representation in the US universe may be modified after considering factors such as free float, momentum, trading strategies, liquidity management, and expected profitability. In assessing expected profitability, Dimensional may consider different ratios, such as that of earnings or profits from operations relative to book value or assets. The US market universe is comprised of companies listed on the New York Stock Exchange, NYSE MKT LLC, Nasdaq Global Market® or such other securities exchanges deemed appropriate by Dimensional. 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.


Average Annual Total Return One Year Three Years Five Years Inception*
DFA US Sustainability Core I 16.47% 24.07% 15.94% 9.56%
Russell 3000 Index 17.76% 23.08% 15.78% 9.09%

Number of Holdings2,326Turnover (as of 10/31/12)2.00%
Weighted Average Market Cap$79,969MWeighted Average Dividend-to-Price1.77%
Aggregated Price-to-Book2.19Expense Ratio (as of 10/31/12)0.33%

*Inception Date 3/12/2008 All Data as of Sep 30, 2014. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

22.

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.)

23.

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.)

24.

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$45.6BWeighted Average Dividend-to-Price1.80%
Aggregated Price-to-BookNAExpense 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.)

25.

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$56.1BWeighted Average Dividend-to-Price1.31%
Aggregated Price-to-Book0.29Expense 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.)

26.

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$3.1BWeighted Average Dividend-to-Price0.68%
Aggregated Price-to-BookNAExpense 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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