Strategies /
LWAS/DFA Intl. High BtM Portfolio
| Inception Date | Ticker Symbol | CUSIP Number |
| June 10, 1993 | DFHBX | 233-203-793 |
The LWAS/DFA International High Book-to-Market Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio pursues its objective by investing substantially all of its assets in its corresponding Master Fund, The International Value Series. Using a market capitalization weighted approach, the Master Fund purchases securities of large non-US companies that Dimensional believes to be value stocks at the time of purchase. 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. The Master Fund invests in securities associated with a diverse group of developed market countries that Dimensional has designated as approved markets.
For a full description, please consult the Portfolio's prospectus.
For a full description, please consult the Portfolio's prospectus.
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Prices
| Updated Daily | ||||
|---|---|---|---|---|
| Date | Closing Price | NAV Change $ | NAV Change % | |
| May 21, 2013 | $8.93 | $0.03 | 0.34% | |
Performance
| Updated Daily | ||||
|---|---|---|---|---|
| Total Returns | Year-to-Date | |||
| May 21, 2013 | 10.42% | |||
| Updated Monthly | ||||
|---|---|---|---|---|
| Total Returns | One Month | Three Month | Year-to-Date | |
| April 30, 2013 | 4.98% | 2.05% | 6.83% | |
| Updated Monthly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| April 30, 2013 | 16.12% | -2.27% | 10.60% | 7.16% |
| Updated Quarterly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| As of March 31, 2013 | 6.61% | -2.37% | 11.21% | 6.93% |
| Annual Expenses | Net Expense Ratio (to investor) | Total Operating Expense Ratio |
|---|---|---|
| 0.50% | 0.50% | |
| Operating Expense ratio as of 10/31/2012. The net expense ratio takes into account contractual management fee waivers/caps and expense assumption agreements that are in effect through 2/28/2014. The fund’s prospectus contains more information on fees and expenses. | ||
Performance data shown represents past performance and is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent month-end, visit www.dimensional.com.
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Distributions
| Last 12 Months | |||||
|---|---|---|---|---|---|
| Type | Amount per Share | Record Date | Ex-dividend Date | Payable Date | Ex-dividend Price |
| Dividend | $0.0130 USD | 03/07/2013 | 03/08/2013 | 03/11/2013 | $8.35 USD |
| Dividend | $0.0750 USD | 12/12/2012 | 12/13/2012 | 12/18/2012 | $7.86 USD |
| Long-Term Gain | $0.5670 USD | 12/12/2012 | 12/13/2012 | 12/18/2012 | $7.86 USD |
| Dividend | $0.0380 USD | 09/07/2012 | 09/10/2012 | 09/13/2012 | $8.10 USD |
| Dividend | $0.1440 USD | 06/07/2012 | 06/08/2012 | 06/13/2012 | $7.24 USD |
Top Holdings (539 Total)
| As of January 31, 2013 | % of portfolio |
|---|---|
| BP PLC | 3.11 |
| ROYAL DUTCH SHELL PLC | 3.08 |
| VODAFONE GROUP PLC | 2.82 |
| SUNCOR ENERGY INC | 1.62 |
| DAIMLER AG | 1.55 |
| MITSUBISHI UFJ FINANCIAL GROUP INC | 1.45 |
| WESFARMERS LTD | 1.29 |
| XSTRATA PLC | 1.25 |
| VODAFONE GROUP PLC | 1.22 |
| HSBC HOLDINGS PLC | 1.20 |
| BARCLAYS PLC | 1.06 |
| SWISS RE AG | 1.05 |
| VIVENDI SA | 1.01 |
| BNP PARIBAS SA | 0.98 |
| MUENCHENER RUECKVERSICHERUNGS AG | 0.92 |
| DEUTSCHE BANK AG | 0.90 |
| SOCIETE GENERALE SA | 0.90 |
| HOLCIM LTD | 0.88 |
| UBS AG | 0.86 |
| GDF SUEZ | 0.85 |
| Total | 28.00 |
Sector Allocations
| As of April 30, 2013 | % of portfolio |
|---|---|
| Financials | 36.3 |
| Energy | 12.0 |
| Materials | 11.3 |
| Industrials | 9.9 |
| Consumer Discretionary | 9.8 |
| Telecommunication Services | 7.6 |
| Consumer Staples | 5.6 |
| Information Technology | 3.5 |
| Utilities | 2.8 |
| Health Care | 1.3 |
| Total | 100.0 |
| Sectors defined by MSCI | |
Market Risk
Even a long-term investment approach cannot guarantee a profit. Economic, political, and issuer-specific events will cause the value of securities, and the funds that own them, to rise or fall. Because the value of your investment in a fund will fluctuate, there is a risk that you will lose money.
Foreign Securities and Currencies Risk
Foreign securities prices may decline or fluctuate because of: (a) economic or political actions of foreign governments, and/or (b) less regulated or liquid securities markets. Investors holding these securities are also exposed to foreign currency risk (the possibility that foreign currency will fluctuate in value against the US dollar).
Even a long-term investment approach cannot guarantee a profit. Economic, political, and issuer-specific events will cause the value of securities, and the funds that own them, to rise or fall. Because the value of your investment in a fund will fluctuate, there is a risk that you will lose money.
Foreign Securities and Currencies Risk
Foreign securities prices may decline or fluctuate because of: (a) economic or political actions of foreign governments, and/or (b) less regulated or liquid securities markets. Investors holding these securities are also exposed to foreign currency risk (the possibility that foreign currency will fluctuate in value against the US dollar).
Dimensional Fund Advisors is an investment advisor registered with the Securities and Exchange Commission. Consider the investment objectives, risks, and charges and expenses of the Dimensional funds carefully before investing. For this and other information about the Dimensional funds, please read the prospectus carefully before investing. Prospectuses are available by calling Dimensional Fund Advisors collect at (512) 306-7400 or at www.dimensional.com.
Mutual funds distributed by DFA Securities LLC
Mutual funds distributed by DFA Securities LLC
These Net Asset Values ("NAVs") have been prepared by the fund accounting agent. Dimensional Fund Advisors reserves the right to restate these NAV figures, if necessary, at any time.