The VA US Targeted Value Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio seeks to capture the returns and diversification benefits of a broad cross-section of US small and mid cap companies on a market-cap weighted basis that Dimensional believes to be value stocks at the time of purchase. The Portfolio invests in readily marketable securities of US companies smaller than the 500th largest company in the market universe. The market universe is comprised of companies listed on the New York Stock Exchange, Nasdaq Global Market® or such other securities exchanges deemed appropriate by Dimensional. After identifying the aggregate market capitalization break, a value screen is applied to 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.