The investment seeks long-term capital appreciation.
Principal Investment Strategies†
The fund, using a market capitalization weighted approach, purchases a broad and diverse group of the readily marketable securities of U.S. small and midcap companies that the Advisor determines to be value stocks. It may purchase or sell futures contracts and options on futures contracts for U.S. equity securities and indices, to adjust market exposure based on actual or expected cash inflows to or outflows from the fund. The fund does not intend to sell futures contracts to establish short positions in individual securities or to use derivatives for purposes of speculation or leveraging investment returns.
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
|Fund/Benchmark Name||Qtr||YTD||1-Yr||3-Yr||5-Yr||10-Yr||Since Inception|
|DFA US Targeted Value Instla||0.25%||0.25%||24.02%||6.51%||13.45%||7.14%||11.82%|
|Russell 2000 Value Indexa,b||-0.13%||-0.13%||29.37%||7.62%||12.54%||6.09%||N/A|
|Morningstar Small Valuea,c||0.29%||0.29%||23.43%||6.11%||11.38%||6.43%||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.
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 Russell 2000® Value Index measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values.
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.
|Record Date||Ex/Payable Date||Income/Capital Gains Paid Per Share|
|Mar 30, 2017||Mar 30, 2017||$0.060820000|
|Dec 15, 2016||Dec 15, 2016||$0.849150000|
|Sep 29, 2016||Sep 29, 2016||$0.053360000|
|Jun 29, 2016||Jun 29, 2016||$0.061640000|
|Mar 30, 2016||Mar 30, 2016||$0.054350000|
|Dec 16, 2015||Dec 16, 2015||$0.978330000|
|Sep 9, 2015||Sep 9, 2015||$0.068280000|
|Jun 8, 2015||Jun 8, 2015||$0.071530000|
|Mar 9, 2015||Mar 9, 2015||$0.036220000|
|Dec 16, 2014||Dec 16, 2014||$1.105420000|
|Sep 9, 2014||Sep 9, 2014||$0.049500000|
|Jun 9, 2014||Jun 9, 2014||$0.054100000|
|Mar 10, 2014||Mar 10, 2014||$0.014030000|
|Dec 12, 2013||Dec 12, 2013||$1.382000000|
|Sep 10, 2013||Sep 10, 2013||$0.039000000|
|Jun 10, 2013||Jun 10, 2013||$0.047000000|
|Dec 13, 2012||Dec 13, 2012||$1.141000000|
|Sep 10, 2012||Sep 10, 2012||$0.027000000|
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.
|Type of Asset||Percent|
Due to rounding, percentages shown may not add up to 100%.
Due to rounding, percentages shown may not add up to 100%.
Exposure reflects equity securities only and will sum to the equity exposure of the fund.
|S+p500 Emini Fut Mar17 Xcme 20170317||0.9%|
|Arrow Electronics Inc||0.7%|
|Jacobs Engineering Group Inc||0.7%|
|Reliance Steel & Aluminum Co||0.7%|
|People's United Financial Inc||0.7%|
|Toll Brothers Inc||0.7%|
|Quanta Services Inc||0.6%|
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 firstname.lastname@example.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.