The fund seeks capital appreciation in the long term by investing in small-size companies outside the United States.

The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The Asia Pacific Small Company Series.

Next, the research team employs a market capitalization weighted approach to focus on companies associated with Australia, New Zealand and Pacific Rim Asian countries.

So, the higher the relative market capitalization of the company within an eligible country, the greater will be its representation in the fund’s portfolio.

Then the team assesses companies on factors such as free float, momentum, trading strategies, liquidity, relative price, profitability, and investment characteristics.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in small-size companies outside the United States.

The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The Continental Small Company Series.

Next, the research team employs a market capitalization weighted approach to focus on companies associated with European countries.

So, the higher the relative market capitalization of the company within an eligible country, the greater will be its representation in the fund’s portfolio.

Then the team assesses companies on factors such as free float, momentum, trading strategies, liquidity, relative price, profitability, and investment characteristics,

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in large-size companies outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Dimensional Fund Advisors Ltd. and DFA Australia Limited.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The Emerging Markets Series, which has the same investment objective and policies as the Portfolio. 

Next, the research team invests in companies associated with emerging markets, which may include frontier markets.

In addition, the team considers a company’s size, relative price, and/or profitability relative to its peers.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, relative price, and profitability.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in large-size companies outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Dimensional Fund Advisors Ltd. and DFA Australia Limited.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The Emerging Markets Series, which has the same investment objective and policies as the Portfolio. 

Next, the research team invests in companies associated with emerging markets, which may include frontier markets.

In addition, the team considers a company’s size, relative price, and/or profitability relative to its peers.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, and profitability.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in small-size companies outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Dimensional Fund Advisors Ltd. and DFA Australia Limited.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The Emerging Markets Small Cap Series, which has the same investment objective and policies as the Portfolio. 

Next, the research team invests in companies associated with emerging markets, which may include frontier markets.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, relative price, profitability and investment characteristics.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Dimensional Fund Advisors Ltd. and DFA Australia Limited.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in securities associated with emerging markets, which may include frontier markets, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, and profitability.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager has the flexibility to excluding securities of certain emerging markets companies based upon the fund’s social issue screens.

The fund excludes companies that earn at least 20% of their total annual revenue through the production and/or sale of conventional or nuclear weapons, or are engaged in business activities in or with the Republic of the Sudan, or earn at least 15% of their total annual revenue through the production and/or sale of tobacco, alcohol, or cannabis products, or earn at least 20% of their total annual revenue from certain gambling activities.

Other social screens include excluding companies that directly participate in abortions, or earn at least 15% of their total annual revenue from the rental, sale, distribution or production of pornographic materials, or are involved in the production or manufacture of landmines or civilian firearms, or have had major recent controversies relating to child labor infractions in the U.S. or abroad.

Finally, as part of its social issue screens, the portfolio avoids companies that are involved in stem cell research, or have high carbon or greenhouse gas emissions, or have meaningful exposure to coal.

The fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Dimensional Fund Advisors Ltd. and DFA Australia Limited.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in securities associated with emerging markets, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, and profitability.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager also considers the impact that companies may have on the environment and other sustainability considerations when making investment decisions.

In considering sustainability impact, the manager may consider carbon and other greenhouse emissions, land use, cluster munitions manufacturing, landmine manufacturing, civilian firearms manufacturing, biodiversity, involvement in toxic spills or releases, operational waste, water use, tobacco, palm oil, coal, child labor, and factory farming activities.

In particular, the portfolio may exclude companies that have high carbon or greenhouse gas emissions or reserves that may produce those emissions.

The fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in small-and mid-size companies outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Dimensional Fund Advisors Ltd. and DFA Australia Limited.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in securities of companies with higher profitability associated with emerging markets, which may include frontier markets.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, profitability, and investment characteristics.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in companies outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Dimensional Fund Advisors Ltd. and DFA Australia Limited.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The Dimensional Emerging Markets Value Fund, which has the same investment objective and policies as the Portfolio. 

Next, the research team invests in companies associated with emerging markets, which may include frontier markets.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, profitability, and investment characteristics.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.

The fund seeks to exceed total return performance of the benchmark index by investing in large-size companies in the United States.

The fund seeks to generate excess return by investing in options and/or futures linked to its benchmark S&P 500 index and other derivatives.

Under normal circumstances, the fund will invest at least 80% of its net assets in short-term fixed income obligations that are overlaid by futures, swaps and other derivatives of the benchmark index to create exposure to the performance of large U.S. companies or in securities of large U.S. companies directly.

Alternatively, the fund may invest at least 80% of its net assets directly in securities of large companies.

The fund may invest in all of the stocks represented in the S&P 500 Index, options on stock indices, stock index futures, options on stock index futures, swap agreements on stock indices and stocks of investment companies, such as exchange-traded funds (ETFs) that invest in stocks represented in the benchmark index or other similar stock indices.

The fund has the flexibility to invest its net assets in securities of foreign issuers and may lend securities to earn income.

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team allocates the fund’s net assets to Underlying Funds that invest in domestic and international equity securities.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

In addition, the manager further diversifies the portfolio by allocating the fund’s net assets among Underlying Funds that represent a variety of different asset classes, such as large capitalization, small capitalization and emerging markets stocks, as well as real estate securities.

The fund also purchases international equity Underlying Funds that purchase a broad and diverse portfolio of securities of companies in developed and emerging markets across market capitalizations with an emphasis on smaller capitalization, lower relative price, and higher profitability companies.

Additionally, the fund purchases an international equity Underlying Fund that invests in publicly traded REITs and REIT-like entities.

Also, the fund and Underlying Funds may lend their portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The fund invests its net assets in the DFA Real Estate Securities Portfolio, DFA International Real Estate Securities Portfolio (the Underlying Funds), and/or directly in securities of companies in the real estate industry.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Dimensional Fund Advisors Ltd. and DFA Australia Limited.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on securities of U.S. and non-U.S. companies in the real estate industry, with a focus on real estate investment trusts or REIT-like entities.

The team considers a company to be principally engaged in the real estate industry if the company derives at least 50% of its revenue or profits from the ownership, management, development, construction, or sale of residential, commercial, industrial, or other real estate.

Also, the team considers a company that has at least 50% of the value of its assets invested in residential, commercial, industrial, or other real estate, or is organized as a REIT or REIT-like entity.

Next, the research team employs a market capitalization weighted approach to invest in companies principally engaged in the real estate industry in its designated market.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, and profitability.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Also, the fund and Underlying Funds may lend their portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in small-size companies outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Dimensional Fund Advisors Ltd. and DFA Australia Limited.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process employs a fund of funds strategy, which means the Portfolio generally allocates its assets among other funds managed by Dimensional Fund Advisors LP (the Underlying Funds).

The Underlying Funds are The Asia Pacific Small Company Series, The Canadian Small Company Series, The Continental Small Company Series, The Emerging Markets Small Cap Series, The Japanese Small Company Series, The United Kingdom Small Company Series (each a series of The DFA Investment Trust Company), and U.S. Small Cap Portfolio (a series of DFA Investment Dimensions Group Inc.).

Certain Underlying Funds invest in small companies utilizing a market capitalization weighted approach in each country or region designated by the manager.

Next, the research team focuses on securities of companies in developed and emerging markets.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, relative price, profitability, and investment characteristics.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

Also, the fund invests at least 40% of its net assets in non-U.S. companies, or, if market conditions are not deemed favorable, invests at least 30% of its net assets in non-U.S. companies.

Also, the fund and Underlying Funds may lend their portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on securities of non-U.S. companies in developed markets, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Also, the team assesses companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, profitability, and investment characteristics.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in mega-and large-size companies outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on securities of non-U.S. companies associated with developed market countries demonstrating high profitability relative to its peers.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Also, the team evaluates companies on factors such as free float, size, relative price, profitability, momentum, trading strategies, and liquidity management.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in mega-and large-size companies outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on securities of non-U.S. companies in countries with developed markets exhibiting high profitability and relative prices relative to its peers.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, and profitability.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings, as well as economic conditions and developments in the issuer’s industry.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in companies outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on securities of non-U.S. companies principally engaged in the real estate industry, including developed and emerging markets, with a particular focus on non-U.S. real estate investment trusts and REIT-like entities.

The team considers a company to be principally engaged in the real estate industry if the company’s principal activities include ownership, management, development, construction, or sale of residential, commercial or industrial real estate.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, and profitability.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager seeks to purchase securities of companies associated with developed and emerging markets countries.

Additionally, the fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in small-size companies outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team employs a market capitalization weighted approach to focus on non-U.S. companies in countries with developed markets.

So, the higher the relative market capitalization of the company within an eligible country, the greater will be its representation in the fund’s portfolio.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, relative price, profitability, and investment characteristics.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings, as well as economic conditions and developments in the issuer’s industry.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in small-size companies outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team employs a market capitalization weighted approach to focus on non-U.S. companies in countries with developed markets.

So, the higher the relative market capitalization of the company within an eligible country, the greater will be its representation in the fund’s portfolio.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, relative price, profitability, and investment characteristics.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings, as well as economic conditions and developments in the issuer’s industry.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in small-size companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process employs a fund of funds strategies, which means the portfolio generally allocates its assets among other funds (the Underlying Funds).

The Underlying Funds are The Canadian Small Company Series, The Japanese Small Company Series, The Asia Pacific Small Company Series, The United Kingdom Small Company Series and The Continental Small Company Series of The DFA Investment Trust Company.

Each Underlying Fund invests in companies utilizing a market capitalization weighted approach in each country or region designated by the manager.

Next, the research team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, relative price, profitability, and investment characteristics.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The portfolio consists of a broad range of securities of primarily small Canadian, Japanese, United Kingdom, Continental European and Asia Pacific companies.

Also, the portfolio may have some exposure to small capitalization securities associated with other countries or regions.

The fund and underlying funds may lend their portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on securities of non-U.S. companies in developed markets, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Also, the team assesses companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, profitability, and investment characteristics.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund excludes companies that earn at least 20% of their total annual revenue through the production and/or sale of conventional or nuclear weapons, or are engaged in business activities in or with the Republic of the Sudan, or earn at least 15% of their total annual revenue through the production and/or sale of tobacco, alcohol, or cannabis products, or earn at least 20% of their total annual revenue from certain gambling activities.

Other social screens include excluding companies that directly participate in abortions, or earn at least 15% of their total annual revenue from the rental, sale, distribution or production of pornographic materials, or are involved in the production or manufacture of landmines or civilian firearms, or have had major recent controversies relating to child labor infractions in the U.S. or abroad.

Finally, as part of its social issue screens, the portfolio avoids companies that are involved in stem cell research, or have high carbon or greenhouse gas emissions, or have meaningful exposure to coal.

The fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on securities of non-U.S. companies in developed markets, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Also, the team assesses companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, profitability and investment characteristics.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager also considers the impact that companies may have on the environment and other sustainability considerations when making investment decisions.

In considering sustainability impact, the manager may consider carbon and other greenhouse emissions, land use, cluster munitions manufacturing, landmine manufacturing, civilian firearms manufacturing, biodiversity, involvement in toxic spills or releases, operational waste, water use, tobacco, palm oil, coal, child labor, and factory farming activities.

In particular, the portfolio may exclude companies that have high carbon or greenhouse gas emissions or reserves that may produce those emissions.

The fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in mega-and large-size companies outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The International Value Series.

Next, the research team focuses on securities of non-U.S. companies in countries with developed markets that represent value stocks.

So, the higher the relative market capitalization of the company within an eligible country, the greater will be its representation in the fund’s portfolio.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, and profitability.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in mega-and large-size companies outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The International Value Series.

Next, the research team focuses on securities of non-U.S. companies in countries with developed markets that represent value stocks.

So, the higher the relative market capitalization of the company within an eligible country, the greater will be its representation in the fund’s portfolio.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, and profitability.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in companies outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on securities of non-U.S. companies in developed markets, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, profitability, and investment characteristics.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in small-size companies outside the United States.

The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The Japanese Small Company Series.

Next, the research team employs a market capitalization weighted approach to focus on companies associated with Japan.

So, the higher the relative market capitalization of a Japanese small company, the greater will be its representation in the fund’s portfolio.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, relative price, profitability, and investment characteristics.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in mega-and large-size companies outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on non-U.S. companies associated with developed market countries.

The team considers a company’s size, relative price, and/or profitability relative to its peers.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, and profitability.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in companies in the United States.

The investment process looks to invest in companies whose principal activities include ownership, management, development, construction, or sale of residential, commercial or industrial real estate.

The strategy focuses on companies in certain real estate investment trusts and companies engaged in residential construction and firms.

The investment team considers a company to be principally engaged in the real estate industry if the company derives at least 50% of its revenue or profits from the ownership, management, development, construction, or sale of residential, commercial, or industrial, or other real estate, has at least 50% of the value of its assets invested in residential, commercial, industrial, or other real estate, or is organized as a REIT or REIT-like entity.

The process utilizes a market capitalization weighted approach to weight the securities in the fund’s portfolio. So, the higher the relative market capitalization of the real estate company, the greater will be its representation in the fund’s portfolio.

Then the research team assesses companies on factors such as free float, momentum, trading strategies, liquidity, size, value, and profitability.

Next, in assessing value, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the research team may consider ratios of earnings or profits from operations relative to book value or assets.

Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Dimensional Fund Advisors Ltd. and DFA Australia Limited.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process employs a fund of funds strategy, which means the Portfolio generally allocates its assets among other mutual funds managed by Dimensional Fund Advisors LP.

The Underlying Funds are U.S. Core Equity 2 Portfolio, International Core Equity Portfolio and Emerging Markets Core Equity Portfolio.

Next, the research team focuses on securities of both U.S. companies and non-U.S. companies associated with countries with developed and emerging markets, including frontier markets (emerging markets in an earlier stage of development)

The team seeks to buy shares of the Underlying Funds.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager considers the relative market capitalization weighting of developed and emerging markets within the universe of eligible securities along with different valuation ratios and/or profitability, when allocating investments among the Underlying Funds or securities.

Also, the fund and Underlying Funds may lend their portfolio securities to generate additional income.

The fund invests directly or indirectly through its investment in the Underlying Funds in securities that may be denominated in foreign currencies.

Also, the fund may hedge some or all of the currency exposure of the foreign securities by entering into foreign currency forward contracts, futures or other derivatives.

The fund seeks capital appreciation in the long term while minimizing federal income taxes on returns by investing in mega-and large-size companies outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on securities of companies associated with developed market countries.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, and profitability.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in companies in the United States.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The Tax-Managed U.S. Marketwide Value Series.

However, while investing the team also considers factors such as a company’s free float, momentum, trading strategies, liquidity, size, value, and profitability.

Next, the team assesses value, profitability, or investment characteristics of companies. In assessing value, the team focuses on valuation multiples on the basis of cash flow or earnings and in assessing profitability, it considers ratios of earnings or profits from operations relative to book value or assets.

The investment team also focuses on ratios such as recent changes in assets or book value when assessing a company’s investment characteristics.

In addition, the team may overweight certain stocks, including smaller companies, lower relative price (value) stocks, and/or higher profitability stocks within the value segment of the U.S. market.

The team may also exclude a company that is negatively impacted by environmental, social or governance factors including accounting practices and shareholder rights.

The fund seeks capital appreciation in the long term by investing in small-size companies in the United States.

The investment process considers a company’s size, value, and/or profitability when making investment decisions from a list of companies in the benchmark index.

Next, the team assesses growth and value characteristics of companies. In assessing growth, the team considers whether a company has a high price in relation to its book value.

In assessing value, the team looks if a company’s shares have a low price in relation to their book value.

Then the team assesses profitability in terms of earnings or profits from operations relative to book value or assets.

In addition, the research team employs fundamental analysis to evaluate a company’s valuation multiples on the basis of cash flow, or earnings.

Then the team constructs a portfolio of stocks of companies on the basis of capitalization, value, and profitability characteristics.

The fund has the flexibility to exclude a company on the basis of factors such as free float, momentum, trading strategies, liquidity, size, valuation multiples, and profitability.

The fund also can exclude a company negatively impacted by environmental, social or governance factors including accounting practices and shareholder rights.

The fund has the flexibility to lend its securities to earn income.

The fund seeks capital appreciation in the long term by investing in small-size companies in the United States.

The investment process considers a company’s size, value, and/or profitability when making investment decisions from a list of companies in the benchmark index.

Next, the team assesses growth and value characteristics of companies. In assessing growth, the team considers whether a company has a high price in relation to its book value.

In assessing value, the team looks if a company’s shares have a low price in relation to their book value.

Then the team assesses profitability in terms of earnings or profits from operations relative to book value or assets.

In addition, the research team employs fundamental analysis to evaluate a company’s valuation multiples on the basis of cash flow, or earnings.

Then the team constructs a portfolio of stocks of companies on the basis of capitalization, value, and profitability characteristics.

The fund has the flexibility to exclude a company on the basis of factors such as free float, momentum, trading strategies, liquidity, size, valuation multiples, and profitability.

The fund also can exclude a company negatively impacted by environmental, social or governance factors including accounting practices and shareholder rights.

The fund has the flexibility to lend securities to earn income.

The fund seeks capital appreciation in the long term by investing in large-size companies in the United States.

The investment process is designed to highlight companies exhibiting high profitability. The research team assesses profitability in terms of earnings or profits from operations relative to book value or assets.

The research team uses fundamental analysis to evaluates a company’s valuation multiples on the basis of cash flow, and earnings,

The team also takes into consideration factors such as market capitalization, free float, size, momentum, trading strategies, and liquidity management.

The fund has the flexibility to exclude a company negatively impacted by environmental, social or governance factors including accounting practices and shareholder rights.   

The fund seeks capital appreciation in the long term by investing in large-size companies in the United States.

The investment advisor may consider a company’s size, value, and/or profitability when making investment decisions.

The research team uses fundamental analysis to evaluate a company’s valuation multiples on the basis of cash flow, or earnings.

The team assesses profitability in terms of earnings or profits from operations relative to book value or assets.

The fund has the flexibility to exclude a company on the basis of factors such as free float, momentum, trading strategies, liquidity, size, valuation multiples, and profitability.

The fund also can exclude a company negatively impacted by environmental, social or governance factors including accounting practices and shareholder rights.

The fund has the flexibility to lend securities to earn income.

The fund seeks capital appreciation in the long term by investing in large-size companies in the United States.

The investment process is designed to highlight companies exhibiting attractive profitability and superior valuation multiples at the time of purchase.

The research team assesses profitability in terms of earnings or profits from operations relative to book value or assets.

The team uses fundamental analysis to evaluate a company’s valuation multiples on the basis of cash flow, or earnings, as well as macroeconomic environment.

The fund has the flexibility to exclude a company on the basis of factors such as free float, momentum, trading strategies, liquidity, size, valuation multiples, and profitability.

The fund also can exclude a company negatively impacted by environmental, social or governance factors including accounting practices and shareholder rights. 

The fund seeks capital appreciation in the long term by investing in large-size companies in the United States.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The U.S. Large Cap Value Series.

However, while investing the team also considers factors such as a company’s free float, momentum, trading strategies, liquidity, size, value, and profitability.

Next, the team assesses value and profitability characteristics of companies. In assessing value, the team focuses on valuation multiples on the basis of cash flow or earnings and in assessing profitability, it considers ratios of earnings or profits from operations relative to book value or assets.

In addition, the team may overweight certain stocks, including smaller companies, lower relative price (value) stocks, and/or higher profitability stocks within the large-cap value segment of the U.S. market.

The team may also exclude a company that is negatively impacted by environmental, social or governance factors including accounting practices and shareholder rights.

The fund seeks capital appreciation in the long term by investing in large-size companies in the United States.

The investment process utilizes a Feeder Portfolio strategy where the research team invests substantially all of the fund’s net assets in its corresponding Master Fund, The U.S. Large Cap Value Series.

However, while investing the team also considers factors such as a company’s free float, momentum, trading strategies, liquidity, size, value, and profitability.

Next, the team assesses value and profitability characteristics of companies. In assessing value, the team focuses on valuation multiples on the basis of cash flow or earnings and in assessing profitability, it considers ratios of earnings or profits from operations relative to book value or assets.

In addition, the team may overweight certain stocks, including smaller companies, lower relative price (value) stocks, and/or higher profitability stocks within the large-cap value segment of the U.S. market.

The team may also exclude a company that is negatively impacted by environmental, social or governance factors including accounting practices and shareholder rights.

The fund seeks to replicate the performance of the benchmark index before fees and expenses by investing in large-size companies in the United States.

The portfolio holds each security in approximately the same proportion as its weighting in the Index. While seeking to outperform the benchmark index, the manager may adjust the representation of securities in the fund.

The fund may purchase or sell futures contracts and options on futures contracts to adjust market exposure based on actual or expected cash inflows to or outflows from the Portfolio.

The fund may lend its securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in small-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team employs a market capitalization weighted approach to invest in securities of U.S. micro cap companies.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, relative price, profitability, and investment characteristics.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in small-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team employs a market capitalization weighted approach to invest in securities of U.S. small cap companies demonstrating high profitability and relative prices.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, relative price, profitability, and investment characteristics.

In assessing relative price, the team relies on valuation multiples on the basis of cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.

The fund seeks capital appreciation in the long term by investing in small-size companies in the United States.

The investment process starts with a list of companies in the benchmark index to select potential investment opportunities.

Then the research team considers value stocks of companies to have a low price in relation to their book value. In assessing value, the team may consider valuation multiples such as cash flow or earnings ratios.

Next, the team assesses profitability in terms of earnings or profits from operations relative to book value or assets.

In assessing a company’s investment characteristics, the team may consider ratios such as recent changes in assets or book value scaled by assets or book value.

Then the manager constructs a concentrated portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. 

The fund has the flexibility to exclude a company on the basis of factors such as free float, momentum, trading strategies, liquidity, size, valuation multiples, and profitability.

The fund also can exclude a company negatively impacted by environmental, social or governance factors including accounting practices and shareholder rights.

The fund has the flexibility to lend securities to earn income.

The fund seeks long-term capital appreciation by investing in small-size companies in the United States

The systemic investment process is driven by quantitative metrics including valuations, momentum and business fundamentals. The fund follows a disciplined investment process in buying and selling stocks.

The process attempts to identify a list of stocks that are expected to drive returns while balancing risks. The highly diversified fund generally invests in as many as 1,000 stocks.

The fund seeks capital appreciation in the long term by investing in small-size companies in the United States.

The investment process considers a company’s size, value, and/or profitability when making investment decisions from a list of companies in the benchmark index.

Next, the team assesses growth and value characteristics of companies. In assessing growth, the team considers whether a company has a high price in relation to its book value.

In assessing value, the team looks if a company’s shares have a low price in relation to their book value.

Then the team assesses profitability in terms of earnings or profits from operations relative to book value or assets.

In addition, the research team employs fundamental analysis to evaluate a company’s valuation multiples on the basis of cash flow, or earnings.

Also, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets or book value scaled by assets or book value.

Then the manager constructs a portfolio of securities that are consistent with the portfolio’s social issue screens.

The fund excludes companies that earn at least 20% of their total annual revenue through the production and/or sale of conventional or nuclear weapons, are engaged in business activities in or with the Republic of the Sudan, earn at least 15% of their total annual revenue through the production and/or sale of tobacco or alcohol products, or earn at least 20% of their total annual revenue from certain gambling activities.

Other social screens include excluding companies directly participating in abortions, earning at least 15% of their total annual revenue from the rental, sale, distribution or production of pornographic materials, are involved in the production or manufacture of landmines, are involved in the production or manufacture of civilian firearms, have had temporary issues relating to child labor infractions in the U.S. or abroad; and/or are involved in stem cell research.

The fund has the flexibility to exclude a company on the basis of factors such as free float, momentum, trading strategies, liquidity, size, valuation multiples, and profitability.

The fund also can exclude a company negatively impacted by environmental, social or governance factors including accounting practices and shareholder rights.

The fund has the flexibility to lend its securities to earn income.

The fund seeks capital appreciation in the long term by investing in small-size companies in the United States.

The investment process considers a company’s size, value, and/or profitability when making investment decisions from a list of companies in the benchmark index.

The fund also integrates sustainability impact considerations in its process.

Next, the team assesses growth and value characteristics of companies. In assessing growth, the team considers whether a company has a high price in relation to its book value.

In assessing value, the team looks if a company’s shares have a low price in relation to their book value.

Then the team assesses profitability in terms of earnings or profits from operations relative to book value or assets.

In addition, the research team employs fundamental analysis to evaluate a company’s valuation multiples on the basis of cash flow, or earnings.

Also, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets or book value scaled by assets or book value.

Then the manager constructs a portfolio of companies that may have an impact on the environment and other sustainability considerations when making investment decisions.

The fund may exclude or underweight securities of companies that may be less sustainable as compared either to other companies in the portfolio or with similar business lines. Similarly, the fund will overweight securities of companies that may be more sustainable as compared either to other companies in the portfolio or other companies with similar business lines.

In considering sustainability impact, the fund may consider carbon and other greenhouse emissions, land use, cluster munitions, landmine, and civilian firearms manufacturing, biodiversity, involvement in toxic spills, operational waste, water use, tobacco, palm oil, coal, child labor and factory farming activities, among other factors.

The fund has the flexibility to exclude a company on the basis of factors such as free float, momentum, trading strategies, liquidity, size, valuation multiples, and profitability.

The fund also can exclude a company negatively impacted by environmental, social or governance factors including accounting practices and shareholder rights.

The fund has the flexibility to lend its securities to earn income.

The fund seeks long-term capital appreciation by investing in small-size companies in the United States

The systemic investment process is driven by quantitative metrics including valuations, momentum and business fundamentals. The fund follows a disciplined but dynamic investment process in buying and selling stocks.

The process attempts to identify a list of stocks that are expected to drive returns while balancing risks. The highly diversified fund generally invests in as many as 1,000 stocks.

The fund seeks capital appreciation in the long term by investing in companies across any size in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in securities of U.S. operating companies.

In assessing relative price, the team relies on valuation multiples on the basis of cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Dimensional Fund Advisors Ltd. and DFA Australia Limited.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process employs a fund of funds strategy, which means the Portfolio generally allocates its assets among other mutual funds managed by Dimensional Fund Advisors LP.

The Underlying Funds are U.S. Core Equity 1 Portfolio, U.S. Large Company Portfolio, U.S. Large Cap Equity Portfolio, International Core Equity Portfolio, Large Cap International Portfolio, and Emerging Markets Core Equity Portfolio.

Next, the research team focuses on securities of both U.S. companies and non-U.S. companies associated with countries with developed and emerging markets, including frontier markets (emerging markets in an earlier stage of development)

The team seeks to buy shares of the Underlying Funds.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

Also, the fund and Underlying Funds may lend their portfolio securities to generate additional income.

The fund and each Underlying Fund may invest in exchange-traded funds for the purposes of gaining exposure to the equity markets, while maintaining liquidity.

In addition to money market instruments and other short-term investments, the fund and each Underlying Fund may invest in affiliated and unaffiliated registered and unregistered money market funds.

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on securities of non-U.S. companies in countries with developed and emerging markets, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, profitability, and investment characteristics.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in small-and mid-size companies outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process considers federal tax implications when making investment decisions with respect to individual securities to seek to provide a tax advantage.

Next, the research team focuses on securities of non-U.S. value companies, with higher profitability, associated with countries with developed and emerging markets, which may include frontier markets.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, profitability, and investment characteristics.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend its portfolio securities to generate additional income.
 

The fund seeks capital appreciation in the long term by investing in companies outside the United States.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on securities of non-U.S. companies associated with countries with developed and emerging markets, which may include frontier markets that it believes to be value stocks.

To achieve this exposure, the team will generally purchase shares of The DFA International Value Series, DFA International Small Cap Value Portfolio, and Dimensional Emerging Markets Value Fund (the “Underlying Funds”).

The DFA International Value Series invests in large value companies and the DFA International Small Cap Value Portfolio invests in small value companies associated with developed market countries.

Generally, the Dimensional Emerging Markets Value Fund may purchase securities of value companies associated with emerging markets, including frontier markets, across all market capitalizations.

In addition, the team may limit or fix the Underlying Fund’s exposure to a particular country, region or issuer.

In assessing relative price, the team relies on valuation multiples such as cash flow or earnings.

Also, the team evaluates companies on factors such as free float, momentum, trading strategies, liquidity, size, relative price, profitability, and investment characteristics.

However, in assessing profitability, the team considers ratios of earnings or profits from operations relative to book value or assets.

Additionally, in assessing a company’s investment characteristics, the team considers ratios such as recent changes in assets divided by total assets.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund and underlying funds may lend their portfolio securities to generate additional income.