DFA Two-Year Global Fixed Income Portfolio


Inception Date
February 9, 1996 		Ticker Symbol
DFGFX		 CUSIP Number
233-203-645

The investment objective of the DFA Two-Year Global Fixed Income Portfolio is to maximize total returns consistent with preservation of capital. Generally, the Portfolio will acquire high quality obligations which mature within two years from the date of settlement. The Portfolio expects to invest in obligations issued or guaranteed by countries that are members of the Organization of Economic Cooperation and Development, but may invest in other countries as well. Investments in corporate debt obligations, bank obligations, commercial paper, repurchase agreements, and obligations of other domestic and foreign issuers with high quality ratings may also be included. The Portfolio will also enter into forward foreign currency contracts solely for the purpose of hedging against fluctuations in currency exchange rates. The Portfolio is diversified; and with respect to corporate debt obligations and commercial paper, the Portfolio generally invests in US securities rated A1/P1 or better and non-US securities rated AA/As2 or better.

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

Prices
Updated Daily
 
Date Closing Price NAV Change $ NAV Change %
May 13, 2008 $10.38 $0.00 0.00%

These Net Asset Values ("NAVs") have been prepared by the fund accounting agent. Dimensional Fund Advisors reserves the right to restate these NAVs, if necessary, at any time.


Performance
 
Updated Daily
Total Returns Year-to-Date
As of May 13, 2008 1.07%


Updated Monthly
Total Returns One Month Three Month Year-to-Date
As of avril 30, 2008 0.29% 0.58% 0.97%
 
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of avril 30, 2008 4.54% 2.84% 4.19% 4.59%


Updated Quarterly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of mars 31, 2008 4.65% 2.84% 4.19% 4.60%

Performance data represents past performance. Past performance is no guarantee of future results, and current performance may be higher or lower than the performance displayed. The investment return and principal value of an investment will fluctuate such that an investor's shares, when redeemed, may be worth more or less than their original cost. Total returns include reinvestment of dividends and capital gains and are net of all fees and expenses. Prior to April 2002, certain international equity portfolios charged a reimbursement fee to the purchasers of shares of those portfolios.


Annual Expenses Total Operating
Expense Ratio		 Net Expense Ratio
(to investor)
As of November 30, 2007 0.18% 0.18%



Distributions
Last 12 Months
 

Type		 Amount per Share Record Date Ex-dividend Date Payable Date Ex-dividend Price
Dividend $0.1720 12/18/2007 12/19/2007 12/24/2007 $10.24
LT Capital Gain $0.0010 12/18/2007 12/19/2007 12/24/2007 $10.24
ST Capital Gain $0.0010 12/18/2007 12/19/2007 12/24/2007 $10.24
Dividend $0.2160 9/7/2007 9/10/2007 9/13/2007 $10.28


Top Holdings
 

As of April 30, 2008
% of Portfolio
NORDDEUTSCHE LANDESBANK 3.08
BANK OF NEW YORK MELLON CORP 2.90
ROYAL BANK OF CANADA 2.84
WESTPAC BANKING CORPORATION 2.84
UBS FINANCE DELAWARE 2.83
ROYAL BANK OF SCOTLAND PLC 2.83
BNP PARIBAS FINANCE INC 2.81
LANDWIRTSCH. RENTENBANK,.65%,9/30/08 2.79
DEUTCHE BANK AG 2.69
JP MORGAN CHASE & CO 2.69
BK NEDERLANDSE GEMEENTEN 2.68
WELLS FARGO CO 5.38 09/23/09 2.68
DEXIA DELAWARE LLC 2.54
AMERICAN EXPR CENTURION, SERIES BKNT, NOTES FLOATI 2.49
SVENSKA HANDELSBANKEN 2.48
TOYOTA MOTOR CREDIT CORP 2.43
L-BANK BW FOERDERBANK 2.42
RABOBANK 2.33
INTER AMERICAN DEVL. BANK 1.9% 07/08/09 2.15
CBA (DELAWARE) FINANCE 2.06
Total 52.57


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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).

Interest Rate Risk
Fixed income securities are subject to interest rate risk because the prices of fixed income securities tend to move in the opposite direction of interest rates. In general, fixed income securities with longer maturities are more sensitive to these price changes.

Credit Risk
Credit risk is the risk that the issuer of a security may be unable to make interest payments and/or repay principal when due. A downgrade to an issuer's credit rating or a perceived change in an issuer's financial strength may affect a security's value, and thus, impact a fund's performance. Credit risk is greater for fixed income securities with ratings below investment grade. Fixed income securities that are below investment grade involve high credit risk and are considered speculative. Below-investment grade fixed income securities may also fluctuate in value more than higher-quality fixed income securities.

Risk of Banking Concentration
The fund may temporarily concentrate its assets in obligations of US and/or foreign banks and bank holding companies when the yield to maturity on eligible portfolio investments in banking industry securities as a group generally exceeds the yield to maturity on all other eligible portfolio investments as a group. Focus on the banking industry would link the performance of the fund to changes in the performance of the banking industry. For example, a change in the market's perception of the riskiness of banks compared to non-banks would cause the fund's values to fluctuate.

Income Risk
Income risk is the risk that falling interest rates will cause the fund's income to decline.

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 (310) 395-8005; on the Internet at www.dimensional.com; or, by mail, DFA Securities Inc., c/o Dimensional Fund Advisors, 1299 Ocean Avenue, Santa Monica, CA 90401.

Mutual funds distributed by DFA Securities Inc.