Fund Facts  

Inception Date: Sep 30, 1996
CUSIP: 233203629
Ticker Symbol: DFISX
Morningstar Category:Foreign Small/Mid Blend
As of Jun 30, 2017
Fund Net Assets ($millions) $12,631

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term capital appreciation.

Principal Investment Strategies  

As a non-fundamental policy, under normal circumstances, the International Small Company Portfolio, through its investments in the underlying funds, will invest at least 80% of its net assets in securities of small companies. The International Small Company Portfolio and each underlying fund may invest in affiliated and unaffiliated registered and unregistered money market funds to manage its cash pending investment in other securities or to maintain liquidity for the payment of redemptions or other purposes.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
DFA International Small Coa7.37%16.39%24.07%4.56%12.26%3.69%7.31%
MSCI World Ex USA Small Cap Index (Net)a,b7.28%15.45%21.26%4.02%11.43%2.92%N/A
Morningstar Foreign Small/Mid Blenda,c8.28%17.98%23.65%3.99%11.31%3.17%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Fund Expensesa
Gross Expenses0.53%
Net Expenses0.53%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The MSCI World ex USA Small Cap NR Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of small capitalization companies in developed markets, excluding the U.S.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal–weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Jun 29, 2017Jun 29, 2017$0.119700000
Dec 15, 2016Dec 15, 2016$0.607600000
Sep 29, 2016Sep 29, 2016$0.034180000
Jun 29, 2016Jun 29, 2016$0.193200000
Mar 30, 2016Mar 30, 2016$0.076360000
Dec 16, 2015Dec 16, 2015$0.607150000
Sep 9, 2015Sep 9, 2015$0.076720000
Jun 8, 2015Jun 8, 2015$0.084580000
Dec 16, 2014Dec 16, 2014$0.832010000
Sep 9, 2014Sep 9, 2014$0.073430000
Jun 9, 2014Jun 9, 2014$0.112490000
Dec 12, 2013Dec 12, 2013$0.775000000
Sep 10, 2013Sep 10, 2013$0.008000000
Jun 10, 2013Jun 10, 2013$0.226000000
Mar 8, 2013Mar 8, 2013$0.002000000
Dec 13, 2012Dec 13, 2012$0.230000000
Sep 10, 2012Sep 10, 2012$0.039000000
 

Morningstar Information

Morningstar RatingTM   As of Jun 30, 2017
Period Stars Category Size
Overall 4 Stars75
3-Year 3 Stars75
5-Year 3 Stars62
10-Year 4 Stars28

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Jun 30, 2017
Equity Stylebox
Medium Blend
Allocation of Assets As of May 31, 2017
Type of Asset Percent
Equity96%
Fixed Income0%
Cash/Other4%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of May 31, 2017
Asset ClassPercent
Domestic Stock0.7%
Foreign Stock94.9%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash1.3%
Other3.1%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of May 31, 2017
SectorPercent
Industrials22.1%
Consumer Cyclical16.6%
Basic Materials11.5%
Technology10.9%
Financial Services10.0%
Consumer Defensive6.3%
Healthcare5.6%
Real Estate3.8%
Energy3.6%
Utilities2.5%
Communication Services1.8%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Country Exposure As of May 31, 2017
CountryPercent
Japan23.1%
United Kingdom16.2%
Canada8.4%
Germany6.3%
Australia5.1%
France5.1%
Switzerland4.2%
Italy3.4%
Sweden2.8%
Finland2.5%
Top Ten Holdings As of May 31, 2017
Holding NamePercent
S+p500 Emini Fut Jun17 Xcme 201706160.5%
Teleperformance SE0.3%
Lanxess AG0.3%
Melrose Industries PLC0.3%
MTU Aero Engines AG0.3%
Rentokil Initial PLC0.2%
Halma PLC0.2%
Gemalto0.2%
Temenos Group AG0.2%
Smith (DS) PLC0.2%
 

Statistics

Portfolio Statistics As of Jun 30, 2017
Statistic3-Year5-Year
Beta0.950.96
Alpha0.691.18
Standard Deviation11.9211.34
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.