The International Core Equity Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio seeks to purchase a broad and diverse group of securities of non-US companies in developed markets with an increased exposure to small cap companies and those it considers value companies as compared to their representation in the international market universe. The universe is defined as a market cap weighted portfolio of non-US companies in developed markets that have been authorized as approved markets by Dimensional. Increased exposure to small and value companies may be achieved by decreasing the allocation of the portfolio's assets in the large growth companies relative to their weight in the universe. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value (BtM). In assessing value, additional factors such as price to cash flow or price to earnings ratios may be considered, as well as economic conditions and developments in the issuer's industry. The criteria for assessing value are subject to change from time to time.

For a full description, please consult the Portfolio's prospectus.