Emerging Markets Value Portfolio


Inception Date
April 1, 1998 		Ticker Symbol
DFEVX		 CUSIP Number
233-203-587

The Emerging Markets Value Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio pursues its objective by investing in emerging markets equity securities that Dimensional deems to be value stocks at the time of purchase. Dimensional will consider, among other things, information disseminated by the International Finance Corporation in determining and approving countries that have emerging markets. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value (BtM). This BtM sort excludes firms with negative or zero book values. In assessing value, additional factors such as price to cash flow or price to earning 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 Portfolio currently invests in companies in Brazil, Chile, China, the Czech Republic, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Philippines, Poland, South Africa, South Korea, Taiwan, Thailand, and Turkey. Due to repatriation restrictions, the Portfolio currently holds but does not purchase securities in Argentina.

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

Prices
Updated Daily
 
Date Closing Price NAV Change $ NAV Change %
May 13, 2008 $43.46 $0.04 0.09%

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 -2.17%


Updated Monthly
Total Returns One Month Three Month Year-to-Date
As of April 30, 2008 7.71% 8.24% -2.53%
 
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of April 30, 2008 22.39% 41.42% 20.85% 20.23%


Updated Quarterly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of March 31, 2008 22.68% 42.83% N/A 19.53%

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 0.60% 0.60%



Distributions
Last 12 Months
 

Type		 Amount per Share Record Date Ex-dividend Date Payable Date Ex-dividend Price
Dividend $0.0570 3/7/2008 3/10/2008 3/13/2008 $39.34
Dividend $0.3170 12/18/2007 12/19/2007 12/24/2007 $42.69
LT Capital Gain $0.9100 12/18/2007 12/19/2007 12/24/2007 $42.69
ST Capital Gain $0.0090 12/18/2007 12/19/2007 12/24/2007 $42.69
Dividend $0.1920 9/7/2007 9/10/2007 9/13/2007 $40.33
Dividend $0.2470 6/7/2007 6/8/2007 6/13/2007 $39.07


Top Holdings
 

As of April 30, 2008
% of Portfolio
RELIANCE INDUSTRIES LTD 3.61
CEMEX SAB DE CV 2.74
USINAS SIDERURGICAS DE MINAS GERAIS SA 2.67
MOL HUNGARIAN OIL AND GAS NYRT 1.74
POSCO 1.52
METALURGICA GERDAU SA 1.47
CIA SIDERURGICA NACIONAL SA 1.43
POLSKI KONCERN NAFTOWY ORLEN 1.17
CHINA UNICOM LTD 1.08
ENERSIS SA 1.00
GOLD FIELDS LTD 0.87
SANLAM LTD 0.87
SASOL LTD 0.86
BANK OF CHINA LTD 0.86
CITIC PACIFIC LTD 0.85
BANK LEUMI LE-ISRAEL BM 0.77
MEGA FINANCIAL HOLDING CO LTD 0.75
HYUNDAI MOTOR CO 0.75
UNITED MICROELECTRONICS CORP 0.73
RELIANCE COMMUNICATIONS LTD 0.72
Total 26.46


Sector Allocations
 
As of April 30, 2008 % of Portfolio
Consumer Discretionary 8.8
Consumer Staples 6.4
Energy 8.8
Financials 20.4
Health Care 1.0
Industrials 14.2
Information Technology 6.1
Materials 28.6
Other 0.2
Reits 0.0
Telecommunication Services 3.7
Utilities 1.9
Total 100.0

Sectors defined by MSCI.


View proxy vote filings.

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).

Small Company Risk
Securities of small firms are often less liquid than those of large companies. As a result, small company stocks may fluctuate relatively more in price.

Emerging Markets Risk
Numerous emerging countries have recently experienced serious, and potentially continuing, economic and political problems. Stock markets in many emerging countries are relatively small, expensive and risky. Foreigners are often limited in their ability to invest in, and withdraw assets from, these markets. Additional restrictions may be imposed under other conditions.

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.