IFA Index 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
Jan 1928 - Dec 1990: Dimensional US Large Cap Index Minus 0.00167%/mo (mutual fund exp ratio)
Jan 1991 - Apr 2010: DFA U.S. Large Company Fund (DFLCX)
May 2010 - May 2017: DFA U.S. Large Company Fund DFUSX)
July 2017 - Present: Schwab S&P 500 Index (SWPPX)


Investment Objective of Schwab S&P 500 Index (SWPPX): Factsheet | The investment seeks to track the total return of the S&P 500® Index. The fund generally invests at least 80% of its net assets in stocks that are included in the S&P 500® Index. It generally gives the same weight to a given stock as the index does. The fund may invest in derivatives, principally futures contracts, and lend its securities to minimize the gap in performance that naturally exists between any index fund and its corresponding index. It may concentrate its investments in an industry or group of industries to the extent that its comparative index is also so concentrated.


Average Annual Total Return One Year Three Years Five Years Ten Years
Schwab S&P 500 Index 9.45% 13.45% 10.82% 15.81%
S&P 500 Index 9.50% 13.51% 10.91% 15.92%

Number of Holdings508Turnover 2.71%
Weighted Average Market Cap$105.01BWeighted Average Dividend-to-Price--
Aggregated Price-to-Book3.11Expense Ratio0.02%

All Data as of Mar 31, 2019. 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
Jan 1928 - Feb 1993: Dimensional Large Value Index minus 0.0225%/mo (mutual fund exp ratio)
Mar 1993 - Present: DFA U.S. Large Cap Value Fund (DFLVX)


Investment Objective of DFA US Large Cap Value Portfolio I (DFLVX): Factsheet | Prospectus is 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 U.S. Large Cap Value Series, which has the same investment objective and policies as the U.S. Large Cap Value Portfolio.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Large Cap Value Portfolio (I) 0.24% 11.41% 7.68% 16.45%
Russell 1000 Value Index 5.67% 10.45% 7.72% 14.52%

Number of Holdings314Turnover (as of 10/31/17)13.00%
Weighted Average Market Cap$118,890MWeighted Average Dividend-to-Price2.52%
Aggregated Price-to-Book1.71Expense Ratio0.27%

All Data as of Mar 31, 2019. 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
Jan 1928 - Mar 1992: Dimensional Small Cap Index minus 0.0308%/mo (mutual fund exp ratio)
Apr 1992 - Present: DFA U.S. Small Cap Fund (DFSTX)


Investment Objective of DFA US Small Cap Portfolio I (DFSTX): Factsheet | Prospectus is to achieve long-term capital appreciation.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Small Cap Portfolio (I) -0.83% 9.73% 6.15% 16.43%
Russell 2000 Index 2.05% 12.92% 7.05% 15.36%

Number of Holdings2,076Turnover (as of 10/31/17)13.00%
Weighted Average Market Cap$2,258MWeighted Average Dividend-to-Price1.27%
Aggregated Price-to-Book1.79Expense Ratio0.37%

All Data as of Mar 31, 2019. 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 is to achieve long-term capital appreciation.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Micro Cap Portfolio -0.64% 10.95% 6.33% 16.35%
Russell 2000 Index 2.05% 12.92% 7.05% 15.36%

Number of Holdings1,714Turnover (as of 10/31/17)19.00%
Weighted Average Market Cap$1,268MWeighted Average Dividend-to-Price1.34%
Aggregated Price-to-Book1.64Expense Ratio0.52%

All Data as of Mar 31, 2019. 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
Jan 1928 - Feb 2000: Dimensional Targeted Value Index minus 0.0308%/mo (mutual fund exp ratio)
Mar 2000 - Present: DFA Targeted Value Fund (DFFVX)


Investment Objective of DFA Targeted Value Portfolio I (DFFVX): Factsheet | Prospectus is to achieve long-term capital appreciation.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Targeted Value Portfolio (I) -3.45% 8.59% 4.52% 15.34%
Russell 2000 Value Index 0.17% 10.86% 5.59% 14.12%

Number of Holdings1,512Turnover (as of 10/31/17)23.00%
Weighted Average Market Cap$3,030MWeighted Average Dividend-to-Price1.61%
Aggregated Price-to-Book1.26Expense Ratio0.37%

All Data as of Mar 31, 2019. 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
Jan 1928 - Dec 1977: 50% IFA Small Cap (SC) + 50% IFA Small Value (SV)
Jan 1978 - Jan 1993: Dow Jones US Select REIT Index minus 0.020%/mo (mutual fund exp ratio)
Feb 1993 - Jun 2008: DFA Real Estate Fund (DFREX)
Jul 2008 - Present: DFA Global Real Estate Fund (DFGEX)


Investment Objective of DFA Global Real Estate Securities Portfolio (DFGEX): Factsheet | Prospectus is to achieve long-term capital appreciation.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Global Real Estate Sec. Portfolio 15.81% 6.26% 8.10% 16.18%
S&P Global REIT Index* 13.93% 4.47% 6.63% 14.84%

Number of Holdings441Turnover (as of 10/31/17)--
Weighted Average Market Cap$19,609MWeighted Average Dividend-to-Price4.03%
Aggregated Price-to-Book1.77Expense Ratio0.24%

*Net Dividends All Data as of Mar 31, 2019. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

7.

IV

IFA International Value Index


Time-Series Construction
Jan 1928 - Jun 1955: IFA US Large Value Index (LV)
Jul 1955 - Dece 1974: Dimensional UK Large Value minus 0.0358%/mo (mutual fund exp ratio)
Jan 1975 - Feb 1994: Fama/French International Value minus 3.58 bps/month
Mar 1994 - Present: DFA International Value Fund (DFIVX)


Investment Objective of DFA International Value Portfolio I (DFIVX): Factsheet | Prospectus is 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, which has the same investment objective and policies as the DFA International Value Portfolio.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Intl. Value Index Portfolio -9.30% 8.44% 1.07% 8.87%
MSCI EAFE Index* -3.14% 7.29% 2.20% 8.82%

Number of Holdings541Turnover (as of 10/31/17)20.00%
Weighted Average Market Cap$52,480MWeighted Average Dividend-to-Price4.36%
Aggregated Price-to-Book0.96Expense Ratio0.43%

*Net Dividends All Data as of Mar 31, 2019. 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
Jan 1928 - Dec 1969: IFA Small Cap Index (SC)
Jan 1970 - Sep 1996: Dimensional International Small Cap Index minus 0.042%/mo (mutual fund exp ratio)
Oct 1996 - Present: DFA International Small Company Fund (DFISX)


Investment Objective of DFA International Small Company Fund (DFISX)): Factsheet | Prospectus is to achieve long-term capital appreciation.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Intl. Small Cap Index -11.09% 6.73% 3.05% 11.84%
MSCI World ex USA Small Cap Index* -8.66% 7.28% 3.69% 12.25%

Number of Holdings4,447Turnover (as of 10/31/17)--
Weighted Average Market Cap$2,126MWeighted Average Dividend-to-Price2.80
Aggregated Price-to-Book1.32Expense Ratio0.53%

*Price-Only All Data as of Mar 31, 2019. 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
Jan 1928 - Dec 1969: IFA Small Cap Value (SV)
Jan 1970 - Jun 1981: IFA Int'l Small Company Index (IS)
Jul 1981 - Dec 1994: Dimensional Int'l Small Cap Value Index minus 0.0567%/mo (mutual fund exp ratio)
Jan 1995 - Present: DFA Int'l Small Cap Value Fund (DISVX)


Investment Objective of DFA International Small Cap Value Portfolio I (DISVX): Factsheet | Prospectus is to achieve long-term capital appreciation.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Intl. Small Cap Value -14.75% 5.11% 1.41% 11.18%
MSCI EAFE Small Cap Index* -8.66% 7.28% 3.69% 12.25%

Number of Holdings2,143Turnover (as of 10/31/17)23.00%
Weighted Average Market Cap$1,921MWeighted Average Dividend-to-Price3.11%
Aggregated Price-to-Book0.82Expense Ratio0.68%

*Price-Only All Data as of Mar 31, 2019. 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
Jan 1928 - Dec 1969: 50% IFA US Large Value (LV) + 50% IFA US Small Cap (SC)
Jan 1970 - Dec 1988: 50% IFA International Value (IV) + 50% IFA International Small (IS)
Jan 1989 - Apr 1994: Fama/French Emerging Markets Index minus minus 0.04%/mo (mutual fund exp ratio
May 1994 - Present: DFA Emerging Markets Fund (DFEMX)


Investment Objective of DFA Emerging Markets Portfolio I (DFEMX): Factsheet | Prospectus is 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, which has the same investment objective and policies as the Emerging Markets Portfolio.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Emerging Markets Portfolio I -8.24% 9.92% 3.49% 9.11%
MSCI Emerging Markets Index* -7.41% 10.68% 3.68% 8.94%

Number of Holdings1,201Turnover (as of 10/31/17)12.00%
Weighted Average Market Cap$64,567MWeighted Average Dividend-to-Price2.58%
Aggregated Price-to-Book1.59Expense Ratio0.47%

*Gross Dividend All Data as of Mar 31, 2019. 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
Jan 1928 - Dec 1969: IFA U.S. Small Cap Value Index (SV)
Jan 1970 - Dec 1988: IFA Emerging Markets Index (EM)
Jan 1989 - Apr 1998: Dimensional Emerging Value Index minus 0.0475%/mo (mutual fund exp ratio)
May 1998 - Present: DFA Emerging Markets Value Fund (DFEVX)


Investment Objective of DFA Emerging Markets Value Portfolio I (DFEVX): Factsheet | Prospectus is 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, which has the same investment objective and policies as the Emerging Markets Value Portfolio.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Emerging Markets Value Portfolio I -7.70% 11.58% 3.41% 9.20%
MSCI Emerging Markets Index* -7.41% 10.68% 3.68% 8.94%

Number of Holdings2,539Turnover (as of 10/31/17)13.00%
Weighted Average Market Cap$36,548MWeighted Average Dividend-to-Price3.00%
Aggregated Price-to-Book0.95Expense Ratio0.54%

*Gross Dividend All Data as of Mar 31, 2019. 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
Jan 1928 - Dec 1969: IFA U.S. Small Cap Index (SC)
Jan 1970 - Dec 1988: IFA Emerging Markets Index (EM)
Jan 1989 - Mar 1998: Fama/French Emerging Markets Small minus 0.0608%/mo (mutual fund exp ratio)
Apr 1998 - Present: DFA Emerging Markets Small Fund (DEMSX)


Investment Objective of DFA Emerging Markets Small Cap Portfolio I (DEMSX): Factsheet | Prospectus is 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, which has the same investment objective and policies as the Emerging Markets Value Portfolio.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Emg. Markets Small Cap Portfolio -11.56% 8.57% 4.13% 12.23%
MSCI Emerging Market Index* -7.41% 10.68% 3.68% 8.94%

Number of Holdings4,213Turnover (as of 10/31/17)12.00%
Weighted Average Market Cap$1,471MWeighted Average Dividend-to-Price2.44%
Aggregated Price-to-Book1.25Expense Ratio0.70%

*Gross Dividend All Data as of Mar 31, 2019. 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
Jan 1928 - Jun 1963: One-Month T-Bills minus 0.0142%/mo (mutual fund exp ratio)
Jul 1963 - Jul 1983: ICE BofAML 1-Year US Treasury Note Index minus 0.0142%/mo (mutual fund exp ratio)
Aug 1983 - Present: DFA U.S. One Year Fixed Income Fund (DFIHX)


Investment Objective of Investment Objective of DFA One-Year Fixed Income Portfolio (DFIHX): Factsheet | Prospectus is to achieve a stable real return in excess of the rate of inflation with a minimum of risk.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA One-Year Fixed Income Index Portfolio 2.53% 1.33% 0.97% 0.96%
One-Year US Treasury Note* 2.44% 1.21% 0.85% 0.70%

Duration0.57 Years
Expense Ratio (as of )0.17%
Average Portfolio Maturity Range0.58 Years

*ICE BofA Merrill Lynch Index All Data as of Mar 31, 2019. 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
Jan 1928 - Jun 1977: Five-Year T-Notes minus 0.0142%/mo (mutual fund exp ratio)
Jul 1977 - Dec 1989: ICE BofAml US Treasury Index 1-3 Year minus 0.0142%/mo
Jan 1990 - Feb 1996: FTSE World Government Bond Index 1-3 Years (hedged to USD) minus 0.0142%/mo
Mar 1996 - Present: DFA 2-Year Global Fixed Income Fund (DFGFX)


Investment Objective of DFA Two-Year Global Fixed Income Portfolio (DFGFX): Factsheet | Prospectus is to maximize total returns consistent with preservation of capital.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Two-Year Global Fixed Income Portfolio 2.92% 1.39% 1.07% 1.13%
World Gov't Bond Index 1-3 Years* 2.57% 1.45% 1.14% 1.07%

Duration1.26 Years
Expense Ratio (as of )0.17%
Average Portfolio Maturity Range1.29 Years

*Citigroup Index, Hedged All Data as of Mar 31, 2019. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

15.

3G

IFA Short Term Government Index


Time-Series Construction
Jan 1928- Dec 1972: Five Year T-notes minus 0.0158%/mo (mutual fund exp ratio)
Jan 1973 - Jun 1987: Bloomberg Barclays U.S. Government Bond Index Intermediate minus 0.0158%/mo
Jul 1987 - Present: DFA Short-Term Government Portfolio (DFFGX)


Investment Objective of DFA Short-Term Government Portfolio (DFFGX): Factsheet | Prospectus is to maximize total returns from the universe of debt obligations of the U.S. Government and U.S. government agencies.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Short-Term Gov't Portfolio 2.62% 0.65% 1.09% 1.62%
Capital US Gov't Bond Index Int.* 3.14% 0.98% 1.29% 1.49%

Duration1.48 Years
Expense Ratio (as of )0.19%
Average Portfolio Maturity Range1.53 Years

*Barclays Index All Data as of Mar 31, 2019. 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
Jan 1928 - Dec 1984: IFA Short Term Government Index (3G)
Jan 1985 - Nov 1990: Global Government Bond Composite Index (hedged Citi) minus 0.0225%/mo (mutual fund exp ratio)
Dec 1990 - Present: DFA Five-Year Global Fixed Income Fund (DFGBX)


Investment Objective of DFA Five-Year Global Fixed Income Portfolio (DFGBX): Factsheet | Prospectus is to provide a market rate of return for a fixed income portfolio with low relative volatility of returns.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Five-Year Global Fixed Portfolio 3.79% 1.61% 2.13% 2.97%
World Gov't Bond 1-5 Years* 3.13% 1.59% 1.65% 1.73%

Duration3.43 Years
Expense Ratio (as of )0.27%
Average Portfolio Maturity Range3.50 Years

*Citigroup Index, Hedged All Data as of Mar 31, 2019. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

17.

SP

Sim. S&P 500® Index


Time-Series Construction
Jan 1928 - Dec 1989: S&P 500 Ibbotson Associates SBBI data courtesy of Morningstar Direct
Jan 1990 - Present:Schwab® S&P 500 Index (SWPPX)


Investment Objective of S&P 500® Index: The investment seeks to track the total return of the S&P 500® Index. The fund generally invests at least 80% of its net assets in stocks that are included in the S&P 500® Index. It generally gives the same weight to a given stock as the index does. The fund may invest in derivatives, principally futures contracts, and lend its securities to minimize the gap in performance that naturally exists between any index fund and its corresponding index. It may concentrate its investments in an industry or group of industries to the extent that its comparative index is also so concentrated.


Average Annual Total Return One Year Three Years Five Years Ten Years
Schwab S&P 500 Index 9.45% 13.45% 10.82% 15.81%

Number of Holdings 508  
Average Market Cap$105.01B  

All Data as of Mar 31, 2019. Returns include dividends. Sources and Updates: Morningstar Direct, and IFA (ifabt.com.)

18.

W

IFA World Index


Time-Series Construction
Jan 1928 - Present: IFA Full Equity (100/0) Index Portfolio minus 0.075%/mo (advisor exp ratio)


Investment Objective of IFA World Index: A globally diversified IFA proprietary all equity mutual fund portfolio seeking to achieve long-term capital appreciation. Includes IFA Large Company, IFA Large Value, IFA Small US Small Cap, IFA Small Cap Value, IFA Global REIT, IFA International Value, IFA International Small, IFA International Small Value, IFA Emerging Markets, IFA Emerging Markets Value, and IFA Emerging Market Small Index.


Average Annual Total Return One Year Three Years Five Years Ten Years
IFA World Index -3.23% 8.70% 4.83% 13.61%


All Data as of Mar 31, 2019. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Vanguard, and IFA (ifabt.com.)

19.

N

IFA NSDQ Index


Time-Series Construction
Jan 1928 - Jan 1973: Fama/French US Small Growth Simulated Portfolio (ex Utilities)
Feb 1973 - Sep 2003: NASDAQ Composite Index
Oct 2003 - Present: Nasdaq Composite Total Return (XCMP) (Source: Morningstar)


Investment Objective of IFA NSDQ Index: The Nasdaq Composite Index is the market capitalization-weighted index of common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests.


Average Annual Total Return One Year Three Years Five Years Ten Years
NASDAQ Composite Total Return 10.63% 17.97% 14.29% 18.93%

Number of Holdings 2,644  
Average Market Cap$72.07B  

All Data as of Mar 31, 2019. Sources and Updates: Yahoo! Finance, and IFA (ifabt.com.)

20.

TM

IFA U.S. Total Market Index


Time-Series Construction
Jan 1928 - Apr 1992: Dimensional US Market Index minus 0.0029%/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 8.81% 13.52% 10.34% 16.06%

Number of Holdings 3,615  
Average Market Cap$60.99B  

All Data as of Mar 31, 2019. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Vanguard, and IFA (ifabt.com.)

21.

LG

IFA U.S. Large Growth Index


Time-Series Construction
Jan 1928 - Dec 1974: Dimensional US Large Cap High Price-to-Book Index minus 0.0033%/mo (mutual fund exp ratio)
Jan 1975 - Nov 1992: Dimensional US Large Growth Index minus 0.0033%/mo
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 11.67% 15.17% 12.29% 16.85%

Number of Holdings 302  
Average Market Cap$115.72B  

All Data as of Mar 31, 2019. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Vanguard, and IFA (ifabt.com.)

22.

SG

IFA U.S. Small Growth Index


Time-Series Construction
Jan 1928 - May 1998: Fama/French Small Growth Research Index minus 0.005%/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 10.42% 15.78% 8.73% 17.58%

Number of Holdings 626  
Average Market Cap$4.46B  

All Data as of Mar 31, 2019. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Vanguard, and IFA (ifabt.com.)

23.

SCE

IFA US Social Core Equity Index


Time-Series Construction
Jan 1928 - Sep 2005: Dimensional Adjusted Market 2 Index minus 0.0233%/mo (mutual fund exp ratio)
Oct 2005 - Oct 2007: DFA US Core Equity 2 Portfolio (DFQTX) minus 0.005%/mo
Nov 2007 - present: DFA US Social Core Equity 2 Portfolio (DFUEX)


Investment Objective of DFA US Social Core Equity 2 Portfolio (DFUEX): Factsheet | Prospectus is to achieve long-term capital appreciation.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA US Social Core Equity 2 Portfolio 3.70% 12.21% 7.85% 15.53%
Russell 3000 Index 8.77% 13.48% 10.36% 16.00%

Number of Holdings2,366Turnover (as of 10/31/17)9.00%
Weighted Average Market Cap$128,869MWeighted Average Dividend-to-Price1.77%
Aggregated Price-to-Book2.36Expense Ratio0.28%

All Data as of Mar 31, 2019. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

24.

ISE

IFA International Social Core Equity Index


Time-Series Construction
Jan 1928 - Dec 1969: Dimensional Adjusted Market 2 Index minus 0.03%/mo (mutual fund exp ratio)
Jan 1970 - Dec 1993: 60% IFA Int'l Large Co + 20% IFA Int'l Small (IS) + 20% IFA Int'l Small Value (IV)
Jan 1994 - Sep 2005: DFA International Adjusted Market Index minus 0.03%/mo (mutual fund exp ratio)
Oct 2005 - Nov 2012: DFA International Core Equity Portfolio (DFIEX) minus 0.005%/mo (mutual fund exp ratio)
Dec 2012 - present: DFA International Social Core Equity Portfolio (DSCLX)


Investment Objective of DFA International Social Core Equity Portfolio (DSCLX): Factsheet | Prospectus is to achieve long-term capital appreciation.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Intl. Social Core Equity Portfolio -8.33% 7.41% 2.18% --%*
MSCI World ex US (net dividend) -3.14% 7.29% 2.20% --%

Number of Holdings4,695Turnover (as of 10/31/17)8.00%
Weighted Average Market Cap$25,033MWeighted Average Dividend-to-Price3.40%
Aggregated Price-to-Book1.23Expense Ratio0.33%

*Inception date 11/1/2012 All Data as of Mar 31, 2019. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

25.

EMS

IFA Emerging Markets Social Core Index


Time-Series Construction
Jan 1928 - Apr 2005: 30% IFA Emerging Markets Index (EM) + 30% IFA Emerging Markets Value Index (EV) + 40% IFA Emergning Markets Small Cap Index (ES)
May 2005 - Aug 2006: DFA Core Emerging Markets (DFCEX)
Sep 2006 - Present: DFA Social Core Emerging Markets (DFESX)


Investment Objective of Emerging Markets Social Core Equity Portfolio (DFESX): Factsheet | Prospectus is to achieve long-term capital appreciation.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFESX Portfolio -8.92% 10.23% 3.71% 9.88%
MSCI Emerging Market Index* -7.41% 10.68% 3.68% 8.94%

Number of Holdings4,297Turnover (as of 10/31/17)11.00%
Weighted Average Market Cap$48,704MWeighted Average Dividend-to-Price2.67%
Aggregated Price-to-Book1.46Expense Ratio0.53%

*Net Dividend All Data as of Mar 31, 2019. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)

26.

SF

IFA Social Fixed Income Index


Time-Series Construction
Jan 1928 - Dec 1975: Long-term Corporate Bonds minus 0.0225%/mo (mutual fund exp ratio)
Jan 1976 - Mar 2011: Barclays US Agg Bond Tr minus 0.0225%/mo
Apr 2011 - Apr 2016: DFA Investment Grade minus 0.0416%/mo
May 2016 - Present: DFA Social Fixed Income Portfolio (DSFIX)


Investment Objective of DFA Social Fixed Income Portfolio (DSFIX): Factsheet | Prospectus is to seek to maximize total returns. Total return is comprised of income and capital appreciation.


Average Annual Total Return One Year Three Years Five Years Ten Years
DFA Social Fixed Income Portfolio* 5.27% --% --% --%
Barclays US Aggregate Bond Index 1.62% --% --% --%

Duration5.90 Years
Expense Ratio (as of )0.27%
Average Portfolio Maturity Range6.88 Years

All Data as of Mar 31, 2019. *Inception date 4/5/16. Returns include the impact of reinvested dividends and capital gains distributions. Sources and Updates: Dimensional Fund Advisors, Inc., and IFA (ifabt.com.)