Fund Facts  

Inception Date: Feb 15, 1994
Ticker Symbol: DFIVX
Morningstar Category:Foreign Large Value
As of Mar 31, 2016
Fund Net Assets ($millions) $6,482

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 Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
DFA International Value Instla-4.06%-4.06%-13.68%0.37%-0.95%0.84%5.62%
MSCI World Index ex USA (Net)a,b-1.95%-1.95%-8.44%1.69%1.62%1.80%N/A
Morningstar Foreign Large Valuea,c-1.64%-1.64%-8.74%1.28%0.98%0.70%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.

Annual Fund Operating Expenses
Total expensesa0.63%

An expense waiver or reimbursement is not included due to receipt of incomplete or inconsistent data. For additional information regarding the fund's fees including possible waivers please read the fund's prospectus.

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. 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. ICMA-RC does not independently verify Morningstar data.

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 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
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
Dec 13, 2012Dec 13, 2012$0.141000000
Sep 10, 2012Sep 10, 2012$0.075000000
Jun 8, 2012Jun 8, 2012$0.271000000
Mar 8, 2012Mar 8, 2012$0.031000000
Dec 13, 2011Dec 13, 2011$0.148000000
Sep 8, 2011Sep 8, 2011$0.099000000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2016
Period Stars Category Size
Overall 2 Stars289
3-Year 2 Stars289
5-Year 2 Stars251
10-Year 2 Stars133

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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 fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Mar 31, 2016
Equity Stylebox
Large Value
Allocation of Assets As of Feb 29, 2016
Type of Asset Percent
Equity99%
Fixed Income0%
Cash/Other1%

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

 
 

Characteristics

Allocation of Assets As of Feb 29, 2016
Asset ClassPercent
Domestic Stock0.2%
Foreign Stock98.7%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash0.3%
Other0.8%

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

 
Equity Sector As of Feb 29, 2016
SectorPercent
Financial Services29.4%
Energy15.5%
Consumer Cyclical12.5%
Basic Materials12.3%
Industrials10.4%
Communication Services5.8%
Consumer Defensive3.3%
Technology2.6%
Utilities2.4%
Real Estate2.1%
Healthcare1.3%

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

 
Top Ten Country Exposure As of Feb 29, 2016
CountryPercent
Japan21.2%
United Kingdom17.5%
France9.8%
Switzerland8.4%
Germany7.8%
Canada7.7%
Australia5.8%
Spain2.9%
Netherlands2.9%
Sweden2.7%
Top Ten Holdings As of Feb 29, 2016
Holding NamePercent
BP PLC ADR3.3%
Vodafone Group PLC2.2%
Total SA2.1%
Royal Dutch Shell PLC ADR Class B2.0%
Daimler AG1.9%
HSBC Holdings PLC1.7%
Vodafone Group PLC ADR1.5%
Suncor Energy Inc1.5%
Allianz SE1.3%
Royal Dutch Shell PLC ADR Class A1.3%
 

Statistics

Portfolio Statistics As of Mar 31, 2016
Statistic3-Year5-Year
Beta1.001.02
Alpha1.760.20
Standard Deviation14.9217.01
 
 

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 © 2016 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.