Fund Facts  

Inception Date: Feb 15, 1994
CUSIP: 25434D203
Ticker Symbol: DFIVX
Morningstar Category:Foreign Large Value
As of Sep 30, 2017
Fund Net Assets ($millions) $9,651

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term capital appreciation.

Principal Investment Strategies  

The DFA International Value Portfolio is a Feeder Portfolio and pursues its objective by investing substantially all of its assets in its corresponding master fund, the DFA International Value Series (the "International Value Series" or "master fund") of the DFA Investment Trust Company (the "Trust"), which has the same investment objective and policies as the Portfolio. The advisor intends to purchase securities of large companies associated with developed market countries that the Advisor has designated as approved markets.

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 Sep 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
DFA International Value Instla8.30%19.60%25.68%4.75%8.46%0.73%6.61%
MSCI World Index ex USA (Net)a,b5.62%19.17%18.73%4.57%7.81%1.28%N/A
Morningstar Foreign Large Valuea,c5.28%18.11%18.79%3.64%7.14%0.72%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,d
Gross Expenses0.63%
Net Expenses0.43%

 

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 Index ex USA (Net) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets, excluding the U.S. The net version of this index reinvests dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

d. Differences between the net expense ratio and gross expense ratio of a fund are typically due to fee waivers, expense reimbursements, expense limits, and/or the reimbursement of fees to the fund.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 28, 2017Sep 28, 2017$0.097690000
Jun 29, 2017Jun 29, 2017$0.273220000
Mar 30, 2017Mar 30, 2017$0.053470000
Dec 15, 2016Dec 15, 2016$0.159830000
Sep 29, 2016Sep 29, 2016$0.055780000
Jun 29, 2016Jun 29, 2016$0.278180000
Mar 30, 2016Mar 30, 2016$0.070120000
Dec 16, 2015Dec 16, 2015$0.137400000
Sep 9, 2015Sep 9, 2015$0.075420000
Jun 8, 2015Jun 8, 2015$0.340970000
Dec 16, 2014Dec 16, 2014$0.134230000
Sep 9, 2014Sep 9, 2014$0.088460000
Jun 9, 2014Jun 9, 2014$0.324750000
Mar 10, 2014Mar 10, 2014$0.315050000
Dec 12, 2013Dec 12, 2013$0.108000000
Sep 10, 2013Sep 10, 2013$0.073000000
Jun 10, 2013Jun 10, 2013$0.327000000
Mar 8, 2013Mar 8, 2013$0.030000000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2017
Period Stars Category Size
Overall 3 Stars261
3-Year 3 Stars261
5-Year 4 Stars210
10-Year 2 Stars136

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 Sep 30, 2017
Equity Stylebox
Large Value
Allocation of Assets As of Aug 31, 2017
Type of Asset Percent
Equity95%
Fixed Income0%
Cash/Other5%

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

 
 

Characteristics

Allocation of Assets As of Aug 31, 2017
Asset ClassPercent
Domestic Stock0.5%
Foreign Stock94.5%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash1.0%
Other4.0%

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

 
Equity Sector As of Aug 31, 2017
SectorPercent
Financial Services31.2%
Basic Materials15.3%
Energy13.6%
Consumer Cyclical13.0%
Industrials7.8%
Communication Services3.9%
Real Estate2.4%
Technology2.3%
Healthcare2.0%
Consumer Defensive1.8%
Utilities1.5%

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

 
Top Ten Country Exposure As of Aug 31, 2017
CountryPercent
Japan21.4%
United Kingdom16.9%
France9.1%
Germany7.9%
Switzerland7.6%
Canada6.4%
Australia6.3%
Spain3.6%
Netherlands2.6%
Hong Kong2.6%
Top Ten Holdings As of Aug 31, 2017
Holding NamePercent
BP PLC ADR2.6%
Banco Santander SA2.3%
Total SA2.2%
Royal Dutch Shell PLC ADR Class B1.8%
Daimler AG1.7%
Royal Dutch Shell PLC ADR Class A1.7%
HSBC Holdings PLC1.6%
BNP Paribas1.5%
Toyota Motor Corp1.5%
Vodafone Group PLC1.4%
 

Statistics

Portfolio Statistics As of Sep 30, 2017
Statistic3-Year5-Year
Beta1.081.07
Alpha0.000.18
Standard Deviation13.7612.92
 
 

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.