N-CSRS/A 1 d611759dncsrsa.txt DIMENSIONAL INVESTMENT GROUP INC ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------- FORM N-CSR/A ----------------- CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-6067 ----------------- DIMENSIONAL INVESTMENT GROUP INC. (Exact name of registrant as specified in charter) ----------------- 6300 Bee Cave Road, Building One, Austin, TX 78746 (Address of principal executive offices) (Zip code) ----------------- Catherine L. Newell, Esquire, President and General Counsel Dimensional Investment Group Inc., 6300 Bee Cave Road, Building One, Austin, TX 78746 (Name and address of agent for service) ----------------- Registrant's telephone number, including area code: 512-306-7400 Date of fiscal year end: October 31 Date of reporting period: November 1, 2017 - April 30, 2018 ----------------- Explanatory Note: This Form N-CSR/A for Dimensional Investment Group Inc. (the "Registrant") is being filed solely to revise the semi-annual report for the DFA Two-Year Fixed Income Portfolio (the "Portfolio") within Item 1 "Reports to Stockholders" to reflect revisions to the Portfolio's portfolio holdings table in the "Disclosure of Portfolio Holdings" section of the report. This Form N-CSR/A also updates Item 11 "Controls and Procedures" and Item 13 "Exhibits." Other than the aforementioned amendments, no other information or disclosures contained in the Registrant's Form N-CSR filed on July 5, 2018 are being amended by this Form N-CSR/A. ================================================================================ ITEM 1. REPORTS TO STOCKHOLDERS. [LOGO] Semi-Annual Report SIX MONTHS ENDED: APRIL 30, 2018 (UNAUDITED) -------------------------------------------------------------------------------- DFA INVESTMENT DIMENSIONS GROUP INC. / DIMENSIONAL INVESTMENT GROUP INC. -------------------------------------------------------------------------------- DFA INVESTMENT DIMENSIONS GROUP INC. -------------------------------------------------------------------------------- DFA ONE-YEAR FIXED INCOME PORTFOLIO DFA LTIP PORTFOLIO DFA TWO-YEAR GLOBAL FIXED INCOME DFA INFLATION-PROTECTED SECURITIES PORTFOLIO PORTFOLIO DFA SELECTIVELY HEDGED GLOBAL FIXED DFA SHORT-DURATION REAL RETURN INCOME PORTFOLIO PORTFOLIO DFA FIVE-YEAR GLOBAL FIXED INCOME DFA MUNICIPAL REAL RETURN PORTFOLIO PORTFOLIO DFA CALIFORNIA MUNICIPAL REAL RETURN DFA WORLD EX U.S. GOVERNMENT FIXED PORTFOLIO INCOME PORTFOLIO DFA MUNICIPAL BOND PORTFOLIO DFA SHORT-TERM GOVERNMENT PORTFOLIO DFA SHORT-TERM MUNICIPAL BOND DFA INTERMEDIATE GOVERNMENT FIXED PORTFOLIO INCOME PORTFOLIO DFA INTERMEDIATE-TERM MUNICIPAL BOND DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO PORTFOLIO DFA CALIFORNIA SHORT-TERM MUNICIPAL DFA INTERMEDIATE-TERM EXTENDED BOND PORTFOLIO QUALITY PORTFOLIO DFA CALIFORNIA INTERMEDIATE-TERM DFA TARGETED CREDIT PORTFOLIO MUNICIPAL BOND PORTFOLIO DFA GLOBAL CORE PLUS FIXED INCOME DFA NY MUNICIPAL BOND PORTFOLIO PORTFOLIO DFA MN MUNICIPAL BOND PORTFOLIO DFA INVESTMENT GRADE PORTFOLIO DFA DIVERSIFIED FIXED INCOME PORTFOLIO
DIMENSIONAL INVESTMENT GROUP INC. -------------------------------------------------------------------------------- DFA TWO-YEAR FIXED INCOME PORTFOLIO DFA TWO-YEAR GOVERNMENT PORTFOLIO
[LOGO] June 2018 Dear Fellow Shareholder, Sound investment solutions based on financial science are at the heart of Dimensional. Just as important is our commitment to serving our clients. We take great pride in the many longstanding clients we have had the honor of working with over the last four decades. Delivering great investment experiences informs everything we do, from the design of our strategies to the ways that we explain our approach and set expectations. We place tremendous value on helping our clients understand what they can expect from us. By being transparent about what we can deliver, and following through with robust investment strategies, we help clients achieve their financial goals. David Booth, our founder, often speaks of his satisfaction and joy in helping change the investor landscape for the better. We share this passion and, on behalf of everyone at Dimensional, we thank you for trusting us with your investments. Sincerely, /s/ David P. Butler /s/ Gerard O'Reilly David Butler Gerard O'Reilly Co-Chief Executive Officer Co-Chief Executive Officer and Chief Investment Officer DFA INVESTMENT DIMENSIONS GROUP INC. SEMI-ANNUAL REPORT (UNAUDITED) TABLE OF CONTENTS
PAGE ------ LETTER TO SHAREHOLDERS DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES........................... 1 DFA INVESTMENT DIMENSIONS GROUP INC. Disclosure of Fund Expenses....................................... 3 Disclosure of Portfolio Holdings.................................. 8 Schedules of Investments DFA One-Year Fixed Income Portfolio........................... 10 DFA Two-Year Global Fixed Income Portfolio.................... 15 DFA Selectively Hedged Global Fixed Income Portfolio.......... 21 DFA Five-Year Global Fixed Income Portfolio................... 28 DFA World ex U.S. Government Fixed Income Portfolio........... 37 DFA Short-Term Government Portfolio........................... 40 DFA Intermediate Government Fixed Income Portfolio............ 42 DFA Short-Term Extended Quality Portfolio..................... 44 DFA Intermediate-Term Extended Quality Portfolio.............. 54 DFA Targeted Credit Portfolio................................. 61 DFA Global Core Plus Fixed Income Portfolio................... 70 DFA Investment Grade Portfolio................................ 86 DFA Diversified Fixed Income Portfolio........................ 101 DFA LTIP Portfolio............................................ 102 DFA Inflation-Protected Securities Portfolio.................. 103 DFA Short-Duration Real Return Portfolio...................... 104 DFA Municipal Real Return Portfolio........................... 114 DFA California Municipal Real Return Portfolio................ 124 DFA Municipal Bond Portfolio.................................. 128 DFA Short-Term Municipal Bond Portfolio....................... 138 DFA Intermediate-Term Municipal Bond Portfolio................ 149 DFA California Short-Term Municipal Bond Portfolio............ 162 DFA California Intermediate-Term Municipal Bond Portfolio..... 170 DFA NY Municipal Bond Portfolio............................... 179 DFA MN Municipal Bond Portfolio............................... 183 Statements of Assets and Liabilities.............................. 186 Statements of Operations.......................................... 193 Statements of Changes in Net Assets............................... 200 Financial Highlights.............................................. 207 Notes to Financial Statements..................................... 220 Section 19(a) Notice.............................................. 245 DIMENSIONAL INVESTMENT GROUP INC. Disclosure of Fund Expenses....................................... 246 Disclosure of Portfolio Holdings.................................. 247 Schedules of Investments DFA Two-Year Fixed Income Portfolio........................... 248 DFA Two-Year Government Portfolio............................. 250 Statements of Assets and Liabilities.............................. 251 Statements of Operations.......................................... 252 Statements of Changes in Net Assets............................... 253
i TABLE OF CONTENTS CONTINUED
PAGE ---- Financial Highlights............................ 254 Notes to Financial Statements................... 255 Section 19(a) Notice............................ 261 VOTING PROXIES ON FUND PORTFOLIO SECURITIES........ 262 BOARD APPROVAL OF INVESTMENT MANAGEMENT AGREEMENTS. 263
This report is submitted for the information of the Fund's shareholders. It is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus. ii DFA INVESTMENT DIMENSIONS GROUP INC. DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES SCHEDULES OF INVESTMENTS ------------------------ Investment Abbreviations AGM Assured Guaranty Municipal Corporation AMBAC American Municipal Bond Assurance Corporation ASSURED GTY Assured Guaranty CP Certificate Participation CPI Consumer Price Index ETM Escrowed to Maturity FGIC Federal Guaranty Insurance Corporation GO General Obligation GO OF AUTH General Obligation of Authority NATL-RE Credit rating enhanced by guaranty or insurance from National Public Finance Guarantee Corp. P.L.C. Public Limited Company PSF-GTD Public School Fund Guarantee RB Revenue Bond SA Special Assessment SCH BD RES FD School Board Resolution Fund SCH BD GTY School Bond Guaranty SCSDE South Carolina State Department of Education SD CRED PROG School District Credit Program ST AID WITHHLDG State Aid Withholding AUD Australian Dollars CAD Canadian Dollars DKK Danish Krone EUR Euro GBP British Pounds JPY Japanese Yen NOK Norwegian Krone SEK Swedish Krona SGD Singapore Dollars USD United States Dollars
1 DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES CONTINUED Investment Footnotes + See Note B to Financial Statements. # Total or Partial Securities on Loan. ^ Denominated in USD, unless otherwise noted. @ Security purchased with cash proceeds from Securities on Loan. (r) The adjustable rate shown is effective as of April 30, 2018. (currency) Pre-refunded bonds are collateralized by U.S. Government or other eligible securities which are held in escrow and used to pay principal and interest and retire the bonds at the earliest refunding date (payment date) and/or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). ## Rule 144A, Section 4(2), or other security which is restricted as to resale to institutional investors. The Fund's Advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. ^^^ Face Amount of security is not adjusted for inflation. ++ Security pledged as collateral for Swap Agreements. (S) Affiliated Fund. FINANCIAL HIGHLIGHTS -------------------- (A) Computed using average shares outstanding. (B) Represents the combined ratios for the respective portfolio and its respective pro-rata share of its Underlying Funds. (C) Because of commencement of operations and related preliminary transaction costs, these ratios are not necessarily indicative of future ratios. (D) Non-Annualized (E) Annualized N/A Does not apply to this fund. ALL STATEMENTS, SCHEDULES AND NOTES TO FINANCIAL STATEMENTS ----------------------------------------------------------- -- Amounts designated as -- are either zero or rounded to zero. SEC Securities and Exchange Commission (a) Commencement of Operations.
2 DFA INVESTMENT DIMENSIONS GROUP INC. DISCLOSURE OF FUND EXPENSES (UNAUDITED) The following Expense Tables are shown so that you can understand the impact of fees on your investment. All mutual funds have operating expenses. As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports, among others. Operating expenses, legal and audit services, which are deducted from a fund's gross income, directly reduce the investment return of the fund. A fund's expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs, in dollars, of investing in the fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period. The Expense Tables below illustrate your fund's costs in two ways. ACTUAL FUND RETURN This section helps you to estimate the actual expenses after fee waivers that you paid over the period. The "Ending Account Value" shown is derived from the fund's actual return and "Expenses Paid During Period" reflect the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. To do so, simply divide your account value by $1,000 (for example, a $7,500 account value divided by $1,000 = 7.5), then multiply the result by the number given for your fund under the heading "Expenses Paid During Period." HYPOTHETICAL EXAMPLE FOR COMPARISON PURPOSES This section is intended to help you compare your fund's costs with those of other mutual funds. The hypothetical "Ending Account Value" and "Expenses Paid During Period" are derived from the fund's actual expense ratio and an assumed 5% annual return before expenses. In this case, because the return used is not the fund's actual return, the results do not apply to your investment. The example is useful in making comparisons because the SEC requires all mutual funds to calculate expenses based on a 5% annual return. You can assess your fund's costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. Please note that the expenses shown in the tables are meant to highlight and help you compare ongoing costs only and do not reflect any transactional costs, if applicable. The "Annualized Expense Ratio" represents the actual expenses for the six-month period indicated. SIX MONTHS ENDED APRIL 30, 2018 EXPENSE TABLES BEGINNING ENDING EXPENSES ACCOUNT ACCOUNT ANNUALIZED PAID VALUE VALUE EXPENSE DURING 11/01/17 04/30/18 RATIO* PERIOD* --------- --------- ---------- -------- DFA ONE-YEAR FIXED INCOME PORTFOLIO ----------------------------------- Actual Fund Return Institutional Class Shares......... $1,000.00 $1,002.00 0.17% $0.84 Hypothetical 5% Annual Return Institutional Class Shares......... $1,000.00 $1,023.95 0.17% $0.85
3 DISCLOSURE OF FUND EXPENSES CONTINUED
BEGINNING ENDING EXPENSES ACCOUNT ACCOUNT ANNUALIZED PAID VALUE VALUE EXPENSE DURING 11/01/17 04/30/18 RATIO* PERIOD* --------- --------- ---------- -------- DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO ------------------------------------------ Actual Fund Return Institutional Class Shares.......................... $1,000.00 $ 999.20 0.17% $0.84 Hypothetical 5% Annual Return Institutional Class Shares.......................... $1,000.00 $1,023.95 0.17% $0.85 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO ---------------------------------------------------- Actual Fund Return Institutional Class Shares.......................... $1,000.00 $1,000.60 0.17% $0.84 Hypothetical 5% Annual Return Institutional Class Shares.......................... $1,000.00 $1,023.95 0.17% $0.85 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO ------------------------------------------- Actual Fund Return Institutional Class Shares.......................... $1,000.00 $ 992.20 0.27% $1.33 Hypothetical 5% Annual Return Institutional Class Shares.......................... $1,000.00 $1,023.46 0.27% $1.35 DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO --------------------------------------------------- Actual Fund Return Institutional Class Shares.......................... $1,000.00 $1,004.60 0.20% $0.99 Hypothetical 5% Annual Return Institutional Class Shares.......................... $1,000.00 $1,023.80 0.20% $1.00 DFA SHORT-TERM GOVERNMENT PORTFOLIO ----------------------------------- Actual Fund Return Institutional Class Shares.......................... $1,000.00 $ 988.10 0.19% $0.94 Hypothetical 5% Annual Return Institutional Class Shares.......................... $1,000.00 $1,023.85 0.19% $0.95 DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO -------------------------------------------------- Actual Fund Return Institutional Class Shares.......................... $1,000.00 $ 972.90 0.12% $0.59 Hypothetical 5% Annual Return Institutional Class Shares.......................... $1,000.00 $1,024.20 0.12% $0.60 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO ----------------------------------------- Actual Fund Return Institutional Class Shares.......................... $1,000.00 $ 992.80 0.22% $1.09 Hypothetical 5% Annual Return Institutional Class Shares.......................... $1,000.00 $1,023.70 0.22% $1.10 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO ------------------------------------------------ Actual Fund Return Institutional Class Shares.......................... $1,000.00 $ 965.30 0.22% $1.07 Hypothetical 5% Annual Return Institutional Class Shares.......................... $1,000.00 $1,023.70 0.22% $1.10
4 DISCLOSURE OF FUND EXPENSES CONTINUED
BEGINNING ENDING EXPENSES ACCOUNT ACCOUNT ANNUALIZED PAID VALUE VALUE EXPENSE DURING 11/01/17 04/30/18 RATIO* PERIOD* --------- --------- ---------- -------- DFA TARGETED CREDIT PORTFOLIO ----------------------------- Actual Fund Return Institutional Class Shares................... $1,000.00 $ 987.70 0.20% $0.99 Hypothetical 5% Annual Return Institutional Class Shares................... $1,000.00 $1,023.80 0.20% $1.00 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO** --------------------------------------------- Actual Fund Return Institutional Class Shares................... $1,000.00 $ 958.70 0.27% $0.79 Hypothetical 5% Annual Return Institutional Class Shares................... $1,000.00 $1,014.13 0.27% $0.81 DFA INVESTMENT GRADE PORTFOLIO ------------------------------ Actual Fund Return Institutional Class Shares................... $1,000.00 $ 973.50 0.22% $1.08 Hypothetical 5% Annual Return Institutional Class Shares................... $1,000.00 $1,023.70 0.22% $1.10 DFA DIVERSIFIED FIXED INCOME PORTFOLIO*** ----------------------------------------- Actual Fund Return Institutional Class Shares................... $1,000.00 $ 986.00 0.15% $0.74 Hypothetical 5% Annual Return Institutional Class Shares................... $1,000.00 $1,024.05 0.15% $0.75 DFA LTIP PORTFOLIO ------------------ Actual Fund Return Institutional Class Shares................... $1,000.00 $1,018.30 0.15% $0.75 Hypothetical 5% Annual Return Institutional Class Shares................... $1,000.00 $1,024.05 0.15% $0.75 DFA INFLATION-PROTECTED SECURITIES PORTFOLIO -------------------------------------------- Actual Fund Return Institutional Class Shares................... $1,000.00 $ 996.00 0.12% $0.59 Hypothetical 5% Annual Return Institutional Class Shares................... $1,000.00 $1,024.20 0.12% $0.60 DFA SHORT-DURATION REAL RETURN PORTFOLIO ---------------------------------------- Actual Fund Return Institutional Class Shares................... $1,000.00 $1,001.90 0.23% $1.14 Hypothetical 5% Annual Return Institutional Class Shares................... $1,000.00 $1,023.65 0.23% $1.15 DFA MUNICIPAL REAL RETURN PORTFOLIO ----------------------------------- Actual Fund Return Institutional Class Shares................... $1,000.00 $ 993.90 0.22% $1.09 Hypothetical 5% Annual Return Institutional Class Shares................... $1,000.00 $1,023.70 0.22% $1.10
5 DISCLOSURE OF FUND EXPENSES CONTINUED
BEGINNING ENDING EXPENSES ACCOUNT ACCOUNT ANNUALIZED PAID VALUE VALUE EXPENSE DURING 11/01/17 04/30/18 RATIO* PERIOD* --------- --------- ---------- -------- DFA CALIFORNIA MUNICIPAL REAL RETURN PORTFOLIO**** -------------------------------------------------- Actual Fund Return Institutional Class Shares............................... $1,000.00 $ 987.50 0.30% $1.47 Hypothetical 5% Annual Return Institutional Class Shares............................... $1,000.00 $1,023.18 0.30% $1.50 DFA MUNICIPAL BOND PORTFOLIO ---------------------------- Actual Fund Return Institutional Class Shares............................... $1,000.00 $ 986.40 0.22% $1.08 Hypothetical 5% Annual Return Institutional Class Shares............................... $1,000.00 $1,023.70 0.22% $1.10 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO --------------------------------------- Actual Fund Return Institutional Class Shares............................... $1,000.00 $ 997.20 0.21% $1.04 Hypothetical 5% Annual Return Institutional Class Shares............................... $1,000.00 $1,023.75 0.21% $1.05 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO ---------------------------------------------- Actual Fund Return Institutional Class Shares............................... $1,000.00 $ 984.40 0.22% $1.08 Hypothetical 5% Annual Return Institutional Class Shares............................... $1,000.00 $1,023.70 0.22% $1.10 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO -------------------------------------------------- Actual Fund Return Institutional Class Shares............................... $1,000.00 $ 995.80 0.21% $1.04 Hypothetical 5% Annual Return Institutional Class Shares............................... $1,000.00 $1,023.75 0.21% $1.05 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO --------------------------------------------------------- Actual Fund Return Institutional Class Shares............................... $1,000.00 $ 984.90 0.22% $1.08 Hypothetical 5% Annual Return Institutional Class Shares............................... $1,000.00 $1,023.70 0.22% $1.10 DFA NY MUNICIPAL BOND PORTFOLIO ------------------------------- Actual Fund Return Institutional Class Shares............................... $1,000.00 $ 991.80 0.24% $1.19 Hypothetical 5% Annual Return Institutional Class Shares............................... $1,000.00 $1,023.60 0.24% $1.20
6 DISCLOSURE OF FUND EXPENSES CONTINUED
BEGINNING ENDING EXPENSES ACCOUNT ACCOUNT ANNUALIZED PAID VALUE VALUE EXPENSE DURING 11/01/17 04/30/18 RATIO* PERIOD* --------- --------- ---------- -------- DFA MN MUNICIPAL BOND PORTFOLIO ------------------------------- Actual Fund Return Institutional Class Shares..... $1,000.00 $ 983.80 0.31% $1.52 Hypothetical 5% Annual Return Institutional Class Shares..... $1,000.00 $1,023.26 0.31% $1.56
---------- * Expenses are equal to the fund's annualized expense ratio for the six-month period, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period (181), then divided by the number of days in the year (365) to reflect the six-month period. ** DFA Global Core Plus Fixed Income Portfolio commenced operations on January 11, 2018. Expenses are equal to the fund's annualized expense ratio for the period, multiplied by the average account value over the period, multiplied by the number of days since inception (109), then divided by the number of days in the year (365) to reflect the period. The "Ending Account Value" is derived from the fund's share class actual return since inception. The "Hypothetical 5% Annual Return" information reflects the 181 day period for the period ended April 30, 2018 to allow for comparability. ***DFA Diversified Fixed Income Portfolio invests directly and indirectly through other funds. The expenses shown reflect the direct expenses of the Portfolio and the Portfolio's portion of the expenses of its Underlying Funds (Affiliated Investment Companies). ****DFA California Municipal Real Return Portfolio commenced operations on November 1, 2017. Expenses are equal to the fund's annualized expense ratio for the period, multiplied by the average account value over the period, multiplied by the number of days since inception (180), then divided by the number of days in the year (365) to reflect the period. The "Ending Account Value" is derived from the fund's share class actual return since inception. The "Hypothetical 5% Annual Return" information reflects the 181 day period for the period ended April 30, 2018 to allow for comparability. 7 DFA INVESTMENT DIMENSIONS GROUP INC. DISCLOSURE OF PORTFOLIO HOLDINGS (UNAUDITED) The SEC requires that all funds file a complete Schedule of Investments with the SEC for their first and third fiscal quarters on Form N-Q. For DFA Investment Dimensions Group Inc., this would be for the fiscal quarters ending January 31 and July 31. The Form N-Q filing must be made within 60 days of the end of the quarter. DFA Investment Dimensions Group Inc. filed its most recent Form N-Q with the SEC on March 29, 2018. They are available upon request, without charge, by calling collect: (512) 306-7400 or by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, Texas 78746, or by visiting the SEC's website at http://www.sec.gov, or they may be reviewed and copied at the SEC's Public Reference Room in Washington, D.C. (call 1-800-732-0330 for information on the operation of the Public Reference Room). PORTFOLIO HOLDINGS The SEC requires that all funds present their categories of portfolio holdings in a table, chart or graph format in their annual and semi-annual shareholder reports, whether or not a Schedule of Investments is utilized. The following table, which presents portfolio holdings as a percent of total investments before short-term investments and collateral for loaned securities, is provided in compliance with such requirement. The categories shown below represent broad industry sectors. Each industry sector consists of one or more specific industry classifications. FIXED INCOME PORTFOLIOS DFA ONE-YEAR FIXED INCOME PORTFOLIO Corporate.................................... 13.2% Government................................... 18.9% Foreign Corporate............................ 26.9% Foreign Government........................... 34.5% Supranational................................ 6.5% ----- 100.0%
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO Corporate.................................... 12.0% Government................................... 7.2% Foreign Corporate............................ 26.6% Foreign Government........................... 46.5% Supranational................................ 7.7% ----- 100.0%
DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO Corporate.................................... 37.4% Government................................... 8.1% Foreign Corporate............................ 28.7% Foreign Government........................... 21.2% Supranational................................ 4.6% ----- 100.0%
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO Corporate.................................... 19.5% Foreign Corporate............................ 29.9% Foreign Government........................... 44.5% Supranational................................ 6.1% ----- 100.0%
DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO Government................................... 0.4% Foreign Corporate............................ 7.8% Foreign Government........................... 78.8% Supranational................................ 13.0% ----- 100.0%
DFA SHORT-TERM GOVERNMENT PORTFOLIO Government................................... 100.0% ----- 100.0%
DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO Government................................... 100.0% ----- 100.0%
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO Corporate.................................... 41.6% Government................................... 0.7% Foreign Corporate............................ 28.2% Foreign Government........................... 25.8% Supranational................................ 3.7% ----- 100.0%
DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO Corporate.................................... 74.5% Government................................... 4.9% Foreign Corporate............................ 20.1% Foreign Government........................... 0.4% Supranational................................ 0.1% ----- 100.0%
DFA TARGETED CREDIT PORTFOLIO Corporate.................................... 66.4% Foreign Corporate............................ 31.8% Foreign Government........................... 1.8% ----- 100.0%
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO Corporate.................................... 39.8% Government................................... 8.8% Foreign Corporate............................ 37.2% Foreign Government........................... 9.2% Supranational................................ 5.0% ----- 100.0%
DFA INVESTMENT GRADE PORTFOLIO Corporate.................................... 42.6% Government................................... 45.1% Foreign Corporate............................ 9.9% Foreign Government........................... 2.2% Supranational................................ 0.2% ----- 100.0%
8 DISCLOSURE OF PORTFOLIO HOLDINGS CONTINUED DFA DIVERSIFIED FIXED INCOME PORTFOLIO Government................................... 100.0% ----- 100.0%
DFA LTIP PORTFOLIO Government................................... 100.0% ----- 100.0%
DFA INFLATION-PROTECTED SECURITIES PORTFOLIO Government................................... 100.0% ----- 100.0%
DFA SHORT-DURATION REAL RETURN PORTFOLIO Corporate.................................... 45.7% Government................................... 4.1% Foreign Corporate............................ 28.0% Foreign Government........................... 18.0% Supranational................................ 4.2% ----- 100.0%
DFA MUNICIPAL REAL RETURN PORTFOLIO Muni G.O. Local.............................. 52.0% Muni G.O. State.............................. 26.9% Muni Revenue................................. 20.7% Muni Pre-Refunded............................ 0.4% ----- 100.0%
DFA CALIFORNIA MUNICIPAL REAL RETURN PORTFOLIO Muni G.O. Local.............................. 38.2% Muni G.O. State.............................. 20.3% Muni Revenue................................. 26.4% Muni Pre-Refunded............................ 15.1% ----- 100.0%
DFA MUNICIPAL BOND PORTFOLIO Muni G.O. Local.............................. 47.2% Muni G.O. State.............................. 21.0% Muni Revenue................................. 23.4% Muni Pre-Refunded............................ 8.4% ----- 100.0%
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO Corporate.................................... 0.2% Muni G.O. Local.............................. 40.4% Muni G.O. State.............................. 28.2% Muni Revenue................................. 19.4% Muni Pre-Refunded............................ 11.8% ----- 100.0%
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO Corporate.................................... 0.1% Muni G.O. Local.............................. 50.2% Muni G.O. State.............................. 31.5% Muni Revenue................................. 16.9% Muni Pre-Refunded............................ 1.3% ----- 100.0%
DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO Muni G.O. Local.............................. 37.4% Muni G.O. State.............................. 18.9% Muni Revenue................................. 18.2% Muni Pre-Refunded............................ 25.5% ----- 100.0%
DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO Muni G.O. Local.............................. 47.9% Muni G.O. State.............................. 19.8% Muni Revenue................................. 22.5% Muni Pre-Refunded............................ 9.8% ----- 100.0%
DFA NY MUNICIPAL BOND PORTFOLIO Muni G.O. Local.............................. 48.5% Muni G.O. State.............................. 0.7% Muni Revenue................................. 29.1% Muni Pre-Refunded............................ 21.7% ----- 100.0%
DFA MN MUNICIPAL BOND PORTFOLIO Muni G.O. Local.............................. 62.3% Muni G.O. State.............................. 13.9% Muni Revenue................................. 16.8% Muni Pre-Refunded............................ 7.0% ----- 100.0%
9 DFA ONE-YEAR FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ------ ------ (000) AGENCY OBLIGATIONS -- (6.0%) Federal Home Loan Bank 1.375%, 05/28/19............................. $ 20,000 $ 19,792,980 2.000%, 09/13/19............................. 74,000 73,579,384 # 1.500%, 10/21/19............................. 68,000 67,062,620 # 1.375%, 11/15/19............................. 7,500 7,382,625 # 2.125%, 02/11/20............................. 34,500 34,263,433 1.875%, 03/13/20............................. 10,000 9,881,760 # 4.125%, 03/13/20............................. 80,000 82,259,200 2.375%, 03/30/20............................. 10,000 9,969,540 Federal Home Loan Mortgage Corp. 1.250%, 10/02/19............................. 113,600 111,714,581 Federal National Mortgage Association 1.125%, 12/14/18............................. 41,000 40,738,379 1.750%, 09/12/19............................. 16,573 16,426,793 1.000%, 10/24/19............................. 32,000 31,321,568 ------------ TOTAL AGENCY OBLIGATIONS........................... 504,392,863 ------------ BONDS -- (74.4%) African Development Bank 1.125%, 09/20/19............................. 19,000 18,628,740 # 1.375%, 02/12/20............................. 25,438 24,884,545 Agence Francaise de Developpement 1.375%, 08/02/19............................. 15,600 15,349,324 1.625%, 01/21/20............................. 16,170 15,849,478 Alberta, Province of Canada 1.900%, 12/06/19............................. 53,000 52,309,355 ANZ New Zealand International Ltd. ## # 2.250%, 02/01/19............................. 3,905 3,890,889 2.600%, 09/23/19............................. 11,984 11,915,602 ## 2.600%, 09/23/19............................. 22,849 22,718,591 Apple, Inc. # 1.550%, 02/08/19............................. 23,384 23,240,155 # 1.700%, 02/22/19............................. 4,000 3,977,129 # 2.100%, 05/06/19............................. 5,000 4,987,950 # 1.500%, 09/12/19............................. 102,300 100,835,491 # 1.800%, 11/13/19............................. 55,641 54,964,962 # 1.900%, 02/07/20............................. 5,413 5,345,175 Apple, Inc. Floating Rate Note 3M USD LIBOR + 0.080%, FRN (r) 1.871%, 02/08/19............................. 29,550 29,558,939 (r) 2.089%, 05/06/19............................. 15,600 15,652,142 Australia & New Zealand Banking Group, Ltd. 2.000%, 11/16/18............................. 12,359 12,316,874 2.250%, 06/13/19............................. 4,150 4,129,415 1.600%, 07/15/19............................. 9,250 9,107,020 ## 2.250%, 12/19/19............................. 60,000 59,495,512
FACE AMOUNT VALUE+ ------ ------ (000) Australia & New Zealand Banking Group, Ltd. Floating Rate Note 3M USD LIBOR + 0.750%, FRN (r)## 2.600%, 11/16/18............................. $45,630 $45,774,889 #(r)## 2.931%, 09/23/19............................. 3,145 3,166,528 Bank Nederlandse Gemeenten NV 1.375%, 01/28/19............................. 35,910 35,630,117 ## 1.500%, 02/15/19............................. 12,082 11,992,352 1.500%, 02/15/19............................. 20,600 20,447,478 1.875%, 06/11/19............................. 64,646 64,158,828 ## # 1.750%, 10/30/19............................. 7,500 7,403,198 1.750%, 10/30/19............................. 42,880 42,326,548 1.625%, 11/25/19............................. 17,750 17,461,758 ## 2.500%, 02/28/20............................. 26,000 25,880,868 2.500%, 02/28/20............................. 12,208 12,152,063 Bank of Nova Scotia Floating Rate Note 3M USD LIBOR + 0.380%, FRN (r) 2.364%, 02/28/19............................. 75,000 75,122,413 Bank of Nova Scotia (The) # 2.050%, 10/30/18............................. 42,000 41,927,083 Berkshire Hathaway Finance Corp. Floating Rate Note 3M USD LIBOR + 0.250%, FRN #(r) 2.587%, 01/11/19............................. 5,900 5,911,540 (r) 2.815%, 03/15/19............................. 7,000 7,039,956 (r) 2.099%, 08/15/19............................. 11,030 11,049,550 Caisse d'Amortissement de la Dette Sociale ## 1.500%, 01/28/19............................. 18,200 18,068,414 1.500%, 01/28/19............................. 36,512 36,256,051 ## 1.750%, 09/24/19............................. 8,000 7,903,104 1.750%, 09/24/19............................. 41,830 41,323,355 1.875%, 01/13/20............................. 48,600 47,921,593 Chevron Corp. # 1.790%, 11/16/18............................. 22,287 22,224,205 # 1.686%, 02/28/19............................. 12,240 12,161,056 1.561%, 05/16/19............................. 25,400 25,158,954 1.991%, 03/03/20............................. 9,500 9,376,203 Chevron Corp. Floating Rate Note 3M USD LIBOR + 0.500%, FRN (r) 2.350%, 05/16/18............................. 15,192 15,195,084 (r) 2.360%, 11/16/18............................. 5,000 5,012,719 #(r) 2.074%, 02/28/19............................. 15,350 15,360,745 (r) 2.249%, 11/15/19............................. 6,950 6,992,992 Cisco Systems, Inc. 2.125%, 03/01/19............................. 34,580 34,501,969 1.400%, 09/20/19............................. 23,787 23,416,681 Commonwealth Bank of Australia ## 1.375%, 09/06/18............................. 30,990 30,878,595 2.500%, 09/20/18............................. 56,868 56,901,799 1.750%, 11/02/18............................. 3,200 3,185,717 # 2.250%, 03/13/19............................. 7,400 7,375,932 2.300%, 09/06/19............................. 13,969 13,856,167
10 DFA ONE-YEAR FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) Commonwealth Bank of Australia Floating Rate Note 3M USD LIBOR + 0.790%, FRN (r)## 3.148%, 11/02/18............................. $ 20,325 $ 20,398,468 (r) 3.185%, 03/15/19............................. 25,115 25,307,632 (r) 2.575%, 09/06/19............................. 13,094 13,166,534 (r) 2.434%, 11/07/19............................. 4,819 4,846,386 Cooperatieve Rabobank UA # 2.250%, 01/14/19............................. 55,738 55,609,378 # 1.375%, 08/09/19............................. 45,920 45,021,085 2.250%, 01/14/20............................. 16,470 16,267,535 ## # 4.750%, 01/15/20............................. 4,750 4,883,266 4.750%, 01/15/20............................. 9,332 9,593,819 Cooperatieve Rabobank UA Floating Rate Note 3M USD LIBOR + 0.510%, FRN (r) 2.310%, 08/09/19............................. 3,419 3,436,249 Council Of Europe Development Bank 1.500%, 05/17/19............................. 58,200 57,613,344 1.750%, 11/14/19............................. 4,280 4,226,800 # 1.875%, 01/27/20............................. 29,349 28,969,517 1.625%, 03/10/20............................. 9,532 9,355,086 CPPIB Capital, Inc. ## 1.250%, 09/20/19............................. 4,850 4,750,284 Dexia Credit Local SA 2.250%, 01/30/19............................. 9,706 9,681,689 Erste Abwicklungsanstalt 1.375%, 10/30/19............................. 15,400 15,102,333 European Bank for Reconstruction & Development # 1.750%, 11/26/19............................. 21,051 20,787,020 European Investment Bank 1.875%, 03/15/19............................. 33,900 33,747,847 2.125%, 03/15/19............................. 10,172 10,148,391 # 1.250%, 05/15/19............................. 49,500 48,894,662 # 1.125%, 08/15/19............................. 32,000 31,441,792 # 1.250%, 12/16/19............................. 18,000 17,617,320 # 1.625%, 03/16/20............................. 58,151 57,082,185 Export Development Canada 1.750%, 08/19/19............................. 105,550 104,488,167 1.000%, 09/13/19............................. 23,335 22,854,066 ## # 2.300%, 02/10/20............................. 82,050 81,545,772 Exxon Mobil Corp. 1.708%, 03/01/19............................. 18,500 18,408,109 Finland Government International Bond 1.750%, 09/10/19............................. 6,300 6,235,211 FMS Wertmanagement 1.000%, 08/16/19............................. 123,000 120,610,110 FMS Wertmanagement # 1.750%, 01/24/20............................. 29,500 29,055,625 2.250%, 02/03/20............................. 22,400 22,227,520 # 1.750%, 03/17/20............................. 6,500 6,387,536 FMS Wertmanagement AoeR 1.500%, 08/09/19............................. 5,000 4,933,865
FACE AMOUNT VALUE+ ------ ------ (000) General Electric Co. 6.000%, 08/07/19............................. $ 6,644 $ 6,896,478 General Electric Co. 5.625%, 05/01/18............................. 53,827 53,827,000 # 2.300%, 01/14/19............................. 2,500 2,493,059 General Electric Co. Floating Rate Note 3M USD LIBOR + 0.270%, FRN (r) 2.064%, 08/07/18............................. 5,000 5,000,207 Inter-American Development Bank 1.125%, 09/12/19............................. 21,247 20,855,333 1.750%, 10/15/19............................. 9,500 9,395,348 Inter-American Development Bank Floating Rate Note 1M USD LIBOR + 0.040%, FRN (r) 1.938%, 11/26/18............................. 5,051 5,049,833 International Bank for Reconstruction & Development # 1.875%, 03/15/19............................. 50,000 49,780,300 0.875%, 08/15/19............................. 18,000 17,634,078 1.875%, 10/07/19............................. 49,532 49,082,200 Kommunalbanken A.S. 2.125%, 03/15/19............................. 77,140 76,899,323 1.750%, 05/28/19............................. 42,700 42,345,334 1.500%, 09/09/19............................. 5,000 4,928,010 1.500%, 10/22/19............................. 34,768 34,203,368 1.625%, 01/15/20............................. 32,140 31,582,982 Kommunekredit 1.125%, 08/23/19............................. 63,700 62,498,363 Kommuninvest I Sverige AB 1.125%, 10/09/18............................. 10,705 10,650,233 1.000%, 11/13/18............................. 28,000 27,800,388 1.125%, 09/17/19............................. 17,200 16,853,678 2.000%, 11/12/19............................. 17,950 17,780,731 1.750%, 03/19/20............................. 31,044 30,508,056 Kreditanstalt fuer Wiederaufbau # 1.875%, 04/01/19............................. 39,800 39,602,042 # 1.500%, 09/09/19............................. 50,500 49,800,396 # 1.250%, 09/30/19............................. 89,000 87,337,706 4.000%, 01/27/20............................. 4,100 4,194,196 1.500%, 04/20/20............................. 10,000 9,770,179 Landeskreditbank Baden- Wuerttemberg Foerderbank 1.625%, 02/01/19............................. 18,125 18,017,156 Landwirtschaftliche Rentenbank # 1.750%, 04/15/19............................. 12,500 12,419,500 Manitoba, Province of Canada 1.750%, 05/30/19............................. 24,440 24,217,352 Merck & Co., Inc. Floating Rate Note 3M USD LIBOR + 0.360%, FRN (r) 2.233%, 05/18/18............................. 19,430 19,433,206 Microsoft Corp. # 1.300%, 11/03/18............................. 6,709 6,683,878 # 4.200%, 06/01/19............................. 5,000 5,090,593 Municipality Finance P.L.C. ## 1.250%, 09/10/18............................. 99,500 99,139,213
11 DFA ONE-YEAR FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) 1.250%, 09/10/18............................. $ 48,520 $ 48,344,066 1.250%, 04/18/19............................. 25,150 24,844,427 1.750%, 05/21/19............................. 29,350 29,109,213 1.500%, 03/23/20............................. 12,567 12,289,420 National Australia Bank, Ltd. # 2.000%, 01/14/19............................. 4,500 4,479,626 ## 2.250%, 07/01/19............................. 12,000 11,920,123 1.375%, 07/12/19............................. 70,400 69,201,550 # 2.250%, 01/10/20............................. 8,700 8,582,369 National Australia Bank, Ltd. Floating Rate Note 3M USD LIBOR + 0.640%, FRN (r)## 3.002%, 07/23/18............................. 310 310,401 (r) 3.002%, 07/23/18............................. 8,750 8,761,323 (r) 3.128%, 01/14/19............................. 2,500 2,510,759 (r)## 2.602%, 07/25/19............................. 50,000 50,011,619 (r)## 2.224%, 08/29/19............................. 41,600 41,630,531 (r)## 2.928%, 01/10/20............................. 16,080 16,171,685 Nederlandse Waterschapsbank NV ## 1.500%, 01/23/19............................. 82,950 82,397,387 1.875%, 03/13/19............................. 67,703 67,330,295 ## 1.750%, 09/05/19............................. 16,000 15,811,280 1.750%, 09/05/19............................. 40,400 39,923,482 1.250%, 09/09/19............................. 6,850 6,726,056 ## 1.250%, 09/09/19............................. 6,050 5,940,531 1.625%, 03/04/20............................. 15,750 15,441,300 Nestle Holdings, Inc. 2.125%, 01/14/20............................. 8,912 8,807,703 Nordea Bank AB ## 1.875%, 09/17/18............................. 3,118 3,111,017 2.375%, 04/04/19............................. 3,969 3,955,687 Nordea Bank AB Floating Rate Note 3M USD LIBOR + 0.840%, FRN (r)## 3.018%, 09/17/18............................. 14,410 14,451,949 #(r) 3.018%, 09/17/18............................. 3,000 3,008,733 (r) 2.244%, 11/07/18............................. 20,000 20,030,517 (r) 2.375%, 03/07/19............................. 100,000 100,100,007 (r) 2.618%, 04/10/19............................. 37,000 37,020,433 Novartis Capital Corp. # 1.800%, 02/14/20............................. 6,551 6,441,921 NRW Bank 1.250%, 10/01/18............................. 4,954 4,931,197 1.875%, 07/01/19............................. 16,907 16,760,585 1.250%, 07/29/19............................. 11,734 11,535,156 2.000%, 09/23/19............................. 14,600 14,462,599 1.875%, 01/27/20............................. 14,333 14,124,082 Oesterreichische Kontrollbank AG 1.625%, 03/12/19............................. 6,000 5,956,818 1.125%, 04/26/19............................. 41,526 40,979,131 # 1.750%, 01/24/20............................. 48,852 48,100,971 # 1.375%, 02/10/20............................. 51,882 50,737,483 Ontario, Province of Canada # 2.000%, 09/27/18............................. 54,780 54,701,210 # 1.625%, 01/18/19............................. 15,000 14,911,794 # 2.000%, 01/30/19............................. 33,297 33,186,702
FACE AMOUNT VALUE+ ------ ------ (000) # 1.250%, 06/17/19............................. $39,780 $39,200,405 # 4.000%, 10/07/19............................. 16,209 16,511,136 4.400%, 04/14/20............................. 42,900 44,207,542 Oracle Corp. # 2.375%, 01/15/19............................. 4,100 4,103,878 Oracle Corp. Floating Rate Note 3M USD LIBOR + 0.580%, FRN (r) 2.928%, 01/15/19............................. 1,000 1,003,073 Pfizer, Inc. # 1.200%, 06/01/18............................. 43,760 43,729,806 # 2.100%, 05/15/19............................. 27,242 27,116,134 Procter & Gamble Co. (The) # 1.750%, 10/25/19............................. 3,866 3,822,093 Province of Ontario Canada # 1.650%, 09/27/19............................. 10,500 10,355,730 Quebec, Province of Canada Floating Rate Note 3M USD LIBOR + 0.280%, FRN #(r) 2.642%, 07/21/19............................. 80,786 80,993,252 Roche Holdings, Inc. Floating Rate Note 3M USD LIBOR + 0.340%, FRN (r)## 2.642%, 09/30/19............................. 39,640 39,825,919 Royal Bank of Canada # 2.200%, 07/27/18............................. 15,318 15,312,947 # 2.150%, 03/15/19............................. 14,818 14,760,992 1.625%, 04/15/19............................. 15,252 15,106,545 # 1.500%, 07/29/19............................. 31,832 31,331,651 # 2.125%, 03/02/20............................. 77,755 76,477,661 2.150%, 03/06/20............................. 47,922 47,194,318 Royal Bank of Canada Floating Rate Note 3M USD LIBOR + 0.400%, FRN (r) 2.759%, 10/31/18............................. 31,000 31,052,098 (r) 2.788%, 01/10/19............................. 2,400 2,406,178 Shell International Finance BV 1.625%, 11/10/18............................. 27,970 27,900,116 2.000%, 11/15/18............................. 9,543 9,516,339 # 1.375%, 05/10/19............................. 19,990 19,763,913 1.375%, 09/12/19............................. 43,105 42,340,432 # 4.300%, 09/22/19............................. 6,987 7,148,813 4.375%, 03/25/20............................. 6,500 6,687,756 Shell International Finance BV Floating Rate Note 3M USD LIBOR + 0.580%, FRN (r) 2.391%, 11/10/18............................. 21,560 21,619,919 (r) 2.421%, 09/12/19............................. 15,370 15,438,357 State of North Rhine-Westphalia Germany 1.375%, 01/30/19............................. 3,500 3,469,715 1.875%, 06/17/19............................. 16,500 16,368,280 1.625%, 07/25/19............................. 17,200 16,993,273 1.250%, 09/16/19............................. 12,000 11,771,592 1.625%, 01/22/20............................. 55,400 54,352,995
12 DFA ONE-YEAR FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) State of North Rhine-Westphalia Germany Floating Rate Note 3M USD LIBOR + 0.170%, FRN (r) 2.090%, 11/23/18............................. $ 48,200 $ 48,239,717 Statoil ASA 1.150%, 05/15/18............................. 8,200 8,196,870 2.250%, 11/08/19............................. 27,060 26,823,781 Statoil ASA Floating Rate Note 3M USD LIBOR + 0.290%, FRN (r) 2.129%, 05/15/18............................. 5,835 5,835,644 Svensk Exportkredit AB 1.250%, 04/12/19............................. 6,500 6,426,884 1.875%, 06/17/19............................. 43,600 43,265,588 1.125%, 08/28/19............................. 5,000 4,905,128 Svensk Exportkredit AB Floating Rate Note 3M USD LIBOR + 0.100%, FRN (r) 2.412%, 10/04/18............................. 19,630 19,642,730 Svenska Handelsbanken Floating Rate Note 3M USD LIBOR + 0.400%, FRN (r) 2.211%, 02/12/19............................. 149,500 149,788,626 (r) 2.582%, 01/22/20............................. 23,200 23,149,124 Svenska Handelsbanken AB # 2.500%, 01/25/19............................. 33,223 33,186,442 2.250%, 06/17/19............................. 19,710 19,581,927 # 1.500%, 09/06/19............................. 2,109 2,069,292 Svenska Handelsbanken AB Floating Rate Note 3M USD LIBOR + 0.490%, FRN (r) 2.668%, 06/17/19............................. 1,580 1,585,842 (r) 2.515%, 09/06/19............................. 9,086 9,123,942 Swedbank AB ## 2.375%, 02/27/19............................. 15,000 14,945,955 Toronto-Dominion Bank (The) # 2.625%, 09/10/18............................. 34,926 34,955,234 1.950%, 01/22/19............................. 36,548 36,400,337 # 2.125%, 07/02/19............................. 7,218 7,171,840 1.450%, 08/13/19............................. 3,773 3,709,349 # 1.900%, 10/24/19............................. 90,974 89,714,010 # 2.250%, 11/05/19............................. 13,746 13,631,488 Toronto-Dominion Bank (The) Floating Rate Note 3M USD LIBOR + 0.840%, FRN (r) 3.202%, 01/22/19............................. 5,000 5,025,793 (r) 2.470%, 08/13/19............................. 9,500 9,551,511 Total Capital International SA # 2.125%, 01/10/19............................. 12,350 12,306,023 Total Capital International SA Floating Rate Note 3M USD LIBOR + 0.350%, FRN (r) 2.528%, 06/19/19............................. 4,633 4,648,750 Toyota Motor Credit Corp. 2.000%, 10/24/18............................. 6,865 6,852,616 1.700%, 01/09/19............................. 42,001 41,785,392 2.100%, 01/17/19............................. 19,561 19,520,307 1.700%, 02/19/19............................. 9,318 9,261,003
FACE AMOUNT VALUE+ ------ ------ (000) 1.400%, 05/20/19............................. $ 33,361 $ 32,979,294 # 2.125%, 07/18/19............................. 2,613 2,596,038 # 2.200%, 01/10/20............................. 32,571 32,231,435 2.150%, 03/12/20............................. 15,060 14,864,308 Toyota Motor Credit Corp. Floating Rate Note 3M USD LIBOR + 0.230%, FRN (r) 2.069%, 08/15/18............................. 30,000 30,016,048 (r) 2.591%, 01/09/19............................. 22,158 22,194,587 (r) 2.743%, 01/17/19............................. 14,300 14,324,640 (r) 2.705%, 02/19/19............................. 7,347 7,388,891 USAA Capital Corp. Floating Rate Note 3M USD LIBOR + 0.230%, FRN (r)## 2.588%, 02/01/19............................. 42,955 42,998,905 Walmart Inc # 1.750%, 10/09/19............................. 9,000 8,910,695 Westpac Banking Corp. # 1.950%, 11/23/18............................. 17,521 17,488,147 # 2.250%, 01/17/19............................. 79,463 79,315,959 1.600%, 08/19/19............................. 16,970 16,700,677 Westpac Banking Corp. Floating Rate Note 3M USD LIBOR + 0.740%, FRN (r) 3.099%, 07/30/18............................. 38,084 38,146,666 (r) 2.660%, 11/23/18............................. 22,189 22,269,954 (r)## 2.174%, 04/26/19............................. 21,000 21,006,084 (r) 2.530%, 05/13/19............................. 5,500 5,531,125 -------------- TOTAL BONDS......................................... 6,253,338,708 -------------- U.S. TREASURY OBLIGATIONS -- (7.9%) U.S. Treasury Notes 0.750%, 02/15/19............................. 15,000 14,827,148 2.750%, 02/15/19............................. 20,000 20,081,250 1.500%, 02/28/19............................. 55,000 54,660,547 # 0.875%, 09/15/19............................. 100,000 97,949,219 1.000%, 10/15/19............................. 70,000 68,586,328 1.375%, 12/15/19............................. 50,000 49,150,391 # 1.875%, 12/31/19............................. 115,000 113,930,859 # 1.250%, 01/31/20............................. 10,000 9,794,141 # 1.375%, 02/15/20............................. 25,000 24,519,531 1.250%, 02/29/20............................. 30,000 29,340,234 1.625%, 03/15/20............................. 80,000 78,753,125 # 1.375%, 03/31/20............................. 50,000 48,964,844 # 1.500%, 04/15/20............................. 50,000 49,046,875 -------------- TOTAL U.S. TREASURY OBLIGATIONS..................... 659,604,492 -------------- TOTAL INVESTMENT SECURITIES......................... 7,417,336,063 -------------- CERTIFICATES OF DEPOSIT -- (0.5%) Nordea Bank AB 1.610%, 05/02/18............................. 40,000 39,998,960 --------------
13 DFA ONE-YEAR FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) COMMERCIAL PAPER -- (5.8%) Caisse des Depots et Consignations 2.000%, 06/04/18............................. $50,000 $49,906,083 2.155%, 07/24/18............................. 25,000 24,869,254 Erste Abwicklungsanstalt 2.200%, 06/21/18............................. 30,000 29,911,167 2.230%, 06/21/18............................. 55,000 54,837,139 2.250%, 06/22/18............................. 35,000 34,894,110 Export Development Canada 2.000%, 06/04/18............................. 15,000 14,972,977 Landesbank Hessen-Thuringen 2.160%, 06/11/18............................. 30,000 29,933,010 Nestle Capital Corp. 1.940%, 06/05/18............................. 50,000 49,911,200 Oesterreichische Kontrollbank AG 1.700%, 05/04/18............................. 25,000 24,995,192 1.900%, 06/28/18............................. 50,000 49,834,882
FACE AMOUNT VALUE+ ------ ------ (000) PSP Capital, Inc. 2.060%, 06/14/18............................. $ 50,000 $ 49,878,437 2.050%, 06/19/18............................. 50,000 49,863,195 2.100%, 07/16/18............................. 25,000 24,885,944 -------------- TOTAL COMMERCIAL PAPER............................. 488,692,590 -------------- SHARES ------ - TEMPORARY CASH INVESTMENTS -- (0.9%) State Street Institutional U.S. Government Money Market Fund, 1.630%................... 79,175,729 79,175,729 -------------- SECURITIES LENDING COLLATERAL -- (4.5%) (S)@ DFA Short Term Investment Fund............... 32,743,849 378,846,334 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $8,445,188,240)............................ $8,404,049,676 ==============
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- -------------- ------- -------------- Agency Obligations............ -- $ 504,392,863 -- $ 504,392,863 Bonds......................... -- 6,253,338,708 -- 6,253,338,708 U.S. Treasury Obligations..... -- 659,604,492 -- 659,604,492 Certificates of Deposit....... -- 39,998,960 -- 39,998,960 Commercial Paper.............. -- 488,692,590 -- 488,692,590 Temporary Cash Investments.... $79,175,729 -- -- 79,175,729 Securities Lending Collateral. -- 378,846,334 -- 378,846,334 ----------- -------------- -- -------------- TOTAL......................... $79,175,729 $8,324,873,947 -- $8,404,049,676 =========== ============== == ==============
See accompanying Notes to Financial Statements. 14 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT^ VALUE+ ------- ------ (000) BONDS -- (89.9%) AUSTRALIA -- (8.5%) ANZ New Zealand International Ltd. ## 2.600%, 09/23/19............................. 750 $ 745,719 Australia & New Zealand Banking Group, Ltd. # 2.250%, 06/13/19............................. 59,108 58,814,814 1.600%, 07/15/19............................. 8,565 8,432,608 2.050%, 09/23/19............................. 1,168 1,154,413 ## 2.250%, 12/19/19............................. 12,000 11,899,102 # 2.250%, 11/09/20............................. 16,895 16,517,016 Commonwealth Bank of Australia 1.750%, 11/02/18............................. 4,630 4,609,334 1.625%, 02/04/19............................. EUR 2,253 2,759,367 2.250%, 03/13/19............................. 1,004 1,000,735 4.250%, 04/24/19............................. AUD 1,500 1,149,311 2.300%, 09/06/19............................. 11,019 10,929,995 5.000%, 10/15/19............................. 12,500 12,847,847 ## 2.250%, 03/10/20............................. 10,000 9,842,167 ## 2.050%, 09/18/20............................. 41,500 40,429,724 2.400%, 11/02/20............................. 25,800 25,377,017 National Australia Bank, Ltd. 4.250%, 05/20/19............................. AUD 26,850 20,592,366 # 2.250%, 07/01/19............................. 18,070 17,949,719 ## 2.250%, 07/01/19............................. 18,482 18,358,976 1.375%, 07/12/19............................. 37,849 37,204,680 ## 2.400%, 12/09/19............................. 2,492 2,471,709 # 2.250%, 01/10/20............................. 4,300 4,241,860 2.125%, 05/22/20............................. 14,706 14,424,756 # 2.625%, 07/23/20............................. 6,100 6,036,107 2.500%, 01/12/21............................. 10,000 9,800,390 Western Australian Treasury Corp. 2.500%, 07/22/20............................. AUD 10,000 7,565,291 Westpac Banking Corp. 2.250%, 01/17/19............................. 89,010 88,845,293 4.500%, 02/25/19............................. AUD 8,000 6,125,657 # 1.650%, 05/13/19............................. 6,200 6,125,073 1.600%, 08/19/19............................. 4,975 4,896,044 2.150%, 03/06/20............................. 5,000 4,921,606 2.300%, 05/26/20............................. 10,000 9,843,964 ------------ TOTAL AUSTRALIA.................................. 465,912,660 ------------ AUSTRIA -- (2.9%) Oesterreichische Kontrollbank AG # 1.750%, 01/24/20............................. 78,908 77,694,903 1.375%, 02/10/20............................. 50,518 49,403,573 # 1.875%, 01/20/21............................. 15,860 15,463,786 Republic of Austria Government Bond ## 0.250%, 10/18/19............................. EUR 12,400 15,142,127 ------------ TOTAL AUSTRIA.................................... 157,704,389 ------------
FACE AMOUNT^ VALUE+ ------- ------ (000) BELGIUM -- (0.1%) Dexia Credit Local SA 2.250%, 01/30/19............................. 5,944 $ 5,929,112 ------------ CANADA -- (19.4%) Alberta, Province of Canada 2.000%, 06/01/19............................. CAD 81,000 63,232,930 4.000%, 12/01/19............................. CAD 31,000 24,906,959 1.900%, 12/06/19............................. 33,700 33,260,854 ## 1.750%, 08/26/20............................. 15,000 14,607,837 1.750%, 08/26/20............................. 15,800 15,404,463 Bank of Montreal # 2.100%, 12/12/19............................. 6,015 5,936,585 Bank of Nova Scotia (The) # 1.950%, 01/15/19............................. 8,363 8,327,278 2.050%, 06/05/19............................. 10,000 9,920,661 # 1.650%, 06/14/19............................. 15,000 14,808,628 British Columbia, Province of Canada 3.700%, 12/18/20............................. CAD 42,500 34,386,950 Canada Housing Trust No 1 ## 1.950%, 06/15/19............................. CAD 143,000 111,603,372 ## 3.750%, 03/15/20............................. CAD 30,000 24,129,912 ## 1.450%, 06/15/20............................. CAD 10,000 7,698,586 ## 1.250%, 12/15/20............................. CAD 15,000 11,429,651 Canadian Government Bond 0.750%, 08/01/19............................. CAD 55,000 42,309,241 CPPIB Capital, Inc. 1.100%, 06/10/19............................. CAD 45,000 34,771,214 ## 1.250%, 09/20/19............................. 3,600 3,525,984 1.400%, 06/04/20............................. CAD 27,500 21,110,713 Export Development Canada 1.750%, 08/19/19............................. 18,000 17,818,920 ## # 2.300%, 02/10/20............................. 10,000 9,938,546 Ontario, Province of Canada 4.400%, 06/02/19............................. CAD 41,000 32,826,185 2.100%, 09/08/19............................. CAD 72,000 56,226,676 4.000%, 10/07/19............................. 543 553,122 4.200%, 06/02/20............................. CAD 67,500 54,811,714 2.550%, 02/12/21............................. 10,000 9,886,035 Quebec, Province of Canada 4.500%, 12/01/19............................. CAD 31,000 25,098,906 4.500%, 12/01/20............................. CAD 77,000 63,460,306 Royal Bank of Canada 2.980%, 05/07/19............................. CAD 14,500 11,388,025 1.500%, 07/29/19............................. 838 824,828 2.125%, 03/02/20............................. 55,000 54,096,474 2.150%, 03/06/20............................. 18,715 18,430,818 1.920%, 07/17/20............................. CAD 42,000 32,308,875 2.500%, 01/19/21............................. 12,831 12,598,111 2.860%, 03/04/21............................. CAD 7,000 5,484,801 2.030%, 03/15/21............................. CAD 30,000 22,975,427 Toronto-Dominion Bank (The) 2.447%, 04/02/19............................. CAD 42,000 32,841,746 2.125%, 07/02/19............................. 3,153 3,132,836 # 1.450%, 08/13/19............................. 5,659 5,563,532
15 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) CANADA -- (Continued) 1.900%, 10/24/19............................. 29,675 $ 29,264,001 # 2.250%, 11/05/19............................. 23,000 22,808,398 1.693%, 04/02/20............................. CAD 35,000 26,898,438 2.563%, 06/24/20............................. CAD 40,000 31,223,023 # 2.550%, 01/25/21............................. 5,000 4,925,093 -------------- TOTAL CANADA..................................... 1,066,756,654 -------------- DENMARK -- (1.2%) Kommunekredit 1.125%, 08/23/19............................. 61,900 60,732,318 1.750%, 01/10/20............................. 1,500 1,478,160 1.625%, 06/12/20............................. 4,500 4,396,370 -------------- TOTAL DENMARK.................................... 66,606,848 -------------- FINLAND -- (1.2%) Finland Government International Bond 1.750%, 09/10/19............................. 6,200 6,136,239 Municipality Finance P.L.C. 1.250%, 04/18/19............................. 800 790,280 1.750%, 05/21/19............................. 35,300 35,010,399 1.500%, 03/23/20............................. 25,529 24,965,115 -------------- TOTAL FINLAND.................................... 66,902,033 -------------- FRANCE -- (7.1%) Agence Francaise de Developpement 1.250%, 05/25/19............................. EUR 8,500 10,435,677 1.375%, 08/02/19............................. 19,800 19,481,834 1.625%, 01/21/20............................. 100,516 98,523,572 Caisse d'Amortissement de la Dette Sociale ## 1.750%, 09/24/19............................. 9,000 8,890,992 1.750%, 09/24/19............................. 42,445 41,930,906 1.875%, 01/13/20............................. 41,200 40,624,889 Dexia Credit Local SA 0.040%, 12/11/19............................. EUR 5,000 6,071,588 2.000%, 01/22/21............................. EUR 31,050 39,675,798 French Republic Government Bond OAT 0.0%, 02/25/21............................... EUR 56,500 68,891,616 IXIS Corporate & Investment Bank SA 5.875%, 02/24/20............................. GBP 4,000 5,963,173 Sanofi 1.875%, 09/04/20............................. EUR 3,000 3,769,247 Total Capital Canada, Ltd. 1.875%, 07/09/20............................. EUR 1,300 1,635,869 Total Capital International SA # 2.125%, 01/10/19............................. 15,212 15,157,832 2.100%, 06/19/19............................. 6,623 6,584,205 Total Capital SA # 4.450%, 06/24/20............................. 3,750 3,867,603 4.125%, 01/28/21............................. 6,000 6,160,043
FACE AMOUNT^ VALUE+ ------- ------ (000) FRANCE -- (Continued) UNEDIC ASSEO 0.0%, 11/25/20............................... EUR 13,000 $ 15,789,441 ------------ TOTAL FRANCE..................................... 393,454,285 ------------ GERMANY -- (8.0%) Erste Abwicklungsanstalt 1.375%, 10/30/19............................. 26,600 26,085,848 --%, 02/25/21................................ EUR 3,000 3,641,674 FMS Wertmanagement 1.000%, 08/16/19............................. 71,500 70,110,755 FMS Wertmanagement 1.750%, 01/24/20............................. 29,450 29,006,378 FMS Wertmanagement AoeR 0.0%, 10/20/20............................... EUR 2,000 2,433,313 Kreditanstalt fuer Wiederaufbau 1.500%, 09/09/19............................. 104,600 103,150,919 1.250%, 09/30/19............................. 36,500 35,818,273 4.000%, 01/27/20............................. 5,000 5,114,873 6.000%, 08/20/20............................. AUD 14,500 11,794,389 1.375%, 02/01/21............................. GBP 1,000 1,388,097 NRW Bank 1.875%, 07/01/19............................. 16,264 16,123,154 1.250%, 07/29/19............................. 14,108 13,868,926 2.000%, 09/23/19............................. 12,000 11,887,068 1.875%, 01/27/20............................. 23,000 22,664,752 State of North Rhine-Westphalia Germany 1.875%, 06/17/19............................. 3,800 3,769,664 1.625%, 07/25/19............................. 22,700 22,427,169 1.250%, 09/16/19............................. 13,800 13,537,331 1.625%, 01/22/20............................. 48,650 47,730,563 ------------ TOTAL GERMANY.................................... 440,553,146 ------------ JAPAN -- (2.4%) Toyota Credit Canada, Inc. 2.250%, 05/23/19............................. CAD 12,238 9,543,724 Toyota Motor Credit Corp. 1.700%, 01/09/19............................. 29,443 29,291,857 2.100%, 01/17/19............................. 6,359 6,345,771 # 1.700%, 02/19/19............................. 6,967 6,924,384 # 1.400%, 05/20/19............................. 25,596 25,303,139 # 2.125%, 07/18/19............................. 3,331 3,309,377 # 2.200%, 01/10/20............................. 14,459 14,308,260 # 2.150%, 03/12/20............................. 29,198 28,818,596 4.500%, 06/17/20............................. 4,500 4,649,304 4.250%, 01/11/21............................. 5,000 5,155,054 ------------ TOTAL JAPAN...................................... 133,649,466 ------------ LUXEMBOURG -- (0.3%) European Financial Stability Facility 0.100%, 01/19/21............................. EUR 7,000 8,538,051 --%, 03/29/21................................ EUR 3,000 3,646,528
16 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) LUXEMBOURG -- (Continued) Nestle Finance International, Ltd. 1.250%, 05/04/20............................. EUR 1,979 $ 2,452,530 ------------ TOTAL LUXEMBOURG................................... 14,637,109 ------------ NETHERLANDS -- (8.4%) Bank Nederlandse Gemeenten NV ## 1.750%, 10/30/19............................. 7,500 7,403,197 1.750%, 10/30/19............................. 32,320 31,902,846 1.625%, 11/25/19............................. 2,800 2,754,531 1.375%, 12/09/19............................. GBP 15,133 20,985,510 ## # 2.500%, 02/28/20............................. 17,000 16,922,106 1.750%, 03/24/20............................. 47,892 47,002,550 2.125%, 12/14/20............................. 15,000 14,727,000 4.375%, 02/16/21............................. 14,566 15,135,531 Cooperatieve Rabobank UA 2.250%, 01/14/19............................. 70,043 69,881,368 1.375%, 08/09/19............................. 1,320 1,294,160 # 2.250%, 01/14/20............................. 22,845 22,564,167 4.750%, 01/15/20............................. 5,000 5,140,280 ## 4.750%, 01/15/20............................. 4,750 4,883,266 4.500%, 01/11/21............................. 2,962 3,060,370 4.125%, 01/12/21............................. EUR 500 669,862 4.625%, 01/13/21............................. GBP 850 1,268,175 2.500%, 01/19/21............................. 21,650 21,276,368 Nederlandse Waterschapsbank NV 1.750%, 09/05/19............................. 11,000 10,870,255 ## 1.750%, 09/05/19............................. 26,700 26,385,073 1.250%, 09/09/19............................. 2,430 2,386,032 1.000%, 12/09/19............................. GBP 4,180 5,762,153 1.625%, 03/04/20............................. 39,199 38,430,700 Shell International Finance BV # 1.375%, 05/10/19............................. 14,857 14,688,967 # 1.375%, 09/12/19............................. 41,375 40,641,118 4.300%, 09/22/19............................. 4,000 4,092,636 4.375%, 03/25/20............................. 14,278 14,690,428 2.250%, 11/10/20............................. 16,618 16,381,246 ------------ TOTAL NETHERLANDS.................................. 461,199,895 ------------ NEW ZEALAND -- (0.1%) ANZ New Zealand International Ltd. 2.600%, 09/23/19............................. 4,823 4,795,473 ------------ NORWAY -- (2.2%) Kommunalbanken A.S. 2.125%, 03/15/19............................. 3,678 3,666,525 1.500%, 09/09/19............................. 6,500 6,406,413 1.500%, 10/22/19............................. 35,878 35,295,341 1.625%, 01/15/20............................. 3,000 2,948,007 Statoil ASA 2.250%, 11/08/19............................. 56,499 56,005,795 2.000%, 09/10/20............................. EUR 500 632,402 2.900%, 11/08/20............................. 10,673 10,672,443 5.625%, 03/11/21............................. EUR 2,476 3,460,281 ------------ TOTAL NORWAY....................................... 119,087,207 ------------
FACE AMOUNT^ VALUE+ ------- ------ (000) SINGAPORE -- (2.7%) Singapore Government Bond 2.500%, 06/01/19............................. SGD 115,000 $ 87,536,942 1.625%, 10/01/19............................. SGD 82,500 62,138,303 ------------ TOTAL SINGAPORE.................................. 149,675,245 ------------ SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (7.5%) African Development Bank 1.125%, 09/20/19............................. 20,000 19,609,200 1.375%, 02/12/20............................. 24,438 23,906,302 1.875%, 03/16/20............................. 14,250 14,048,025 Asian Development Bank 2.800%, 01/19/21............................. AUD 9,000 6,832,321 Council Of Europe Development Bank 1.750%, 11/14/19............................. 3,779 3,732,027 1.250%, 12/23/19............................. GBP 3,000 4,155,168 1.625%, 03/10/20............................. 71,306 69,982,561 European Bank for Reconstruction & Development 1.750%, 11/26/19............................. 22,505 22,222,787 European Investment Bank 1.250%, 12/16/19............................. 9,000 8,808,660 2.250%, 03/07/20............................. GBP 6,700 9,453,026 # 1.625%, 03/16/20............................. 81,819 80,315,167 2.800%, 01/15/21............................. AUD 4,000 3,039,351 4.000%, 02/16/21............................. 15,000 15,482,031 # 2.000%, 03/15/21............................. 20,000 19,570,101 Inter-American Development Bank # 1.125%, 09/12/19............................. 23,280 22,850,857 1.750%, 10/15/19............................. 2,500 2,472,460 International Bank for Reconstruction & Development # 0.875%, 08/15/19............................. 19,850 19,446,469 1.875%, 10/07/19............................. 59,001 58,465,212 2.800%, 01/13/21............................. AUD 10,000 7,592,665 ------------ TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS..... 411,984,390 ------------ SWEDEN -- (8.6%) Kommuninvest I Sverige AB 1.125%, 09/17/19............................. 14,700 14,404,015 2.000%, 11/12/19............................. 54,200 53,688,894 1.750%, 03/19/20............................. 50,260 49,392,311 2.500%, 12/01/20............................. SEK 308,000 37,395,058 Nordea Bank AB 2.375%, 04/04/19............................. 6,986 6,962,567 ## 1.625%, 09/30/19............................. 16,000 15,696,075 Svensk Exportkredit AB 1.250%, 04/12/19............................. 3,645 3,603,999 1.875%, 06/17/19............................. 71,258 70,711,451 1.125%, 08/28/19............................. 9,250 9,074,487
17 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) SWEDEN -- (Continued) 1.750%, 08/28/20............................. 27,971 $ 27,295,468 # 1.750%, 03/10/21............................. 20,000 19,373,459 Svenska Handelsbanken AB 2.500%, 01/25/19............................. 86,287 86,192,052 4.500%, 04/10/19............................. AUD 2,500 1,917,767 2.250%, 06/17/19............................. 42,545 42,268,548 1.500%, 09/06/19............................. 21,261 20,860,702 1.950%, 09/08/20............................. 2,500 2,431,055 # 2.400%, 10/01/20............................. 4,000 3,929,369 3.000%, 11/20/20............................. GBP 1,000 1,435,025 Swedbank AB ## # 2.375%, 02/27/19............................. 7,579 7,551,693 ------------ TOTAL SWEDEN....................................... 474,183,995 ------------ UNITED STATES -- (9.3%) Apple, Inc. # 2.100%, 05/06/19............................. $ 8,148 8,128,364 2.850%, 08/28/19............................. AUD 3,680 2,784,415 1.500%, 09/12/19............................. 88,350 87,085,196 # 1.800%, 11/13/19............................. 5,000 4,939,250 # 1.550%, 02/07/20............................. 9,900 9,728,644 1.900%, 02/07/20............................. 22,408 22,127,228 2.000%, 11/13/20............................. 3,267 3,203,097 # 2.250%, 02/23/21............................. 18,600 18,285,557 Berkshire Hathaway, Inc. 2.100%, 08/14/19............................. 3,909 3,891,012 0.250%, 01/17/21............................. EUR 1,074 1,303,353 Chevron Corp. 1.686%, 02/28/19............................. 4,670 4,639,880 1.561%, 05/16/19............................. 31,115 30,819,719 # 2.193%, 11/15/19............................. 31,566 31,297,535 1.961%, 03/03/20............................. 4,150 4,094,556 1.991%, 03/03/20............................. 21,089 20,814,183 Cisco Systems, Inc. 2.125%, 03/01/19............................. 6,497 6,482,339 1.400%, 09/20/19............................. 33,306 32,787,488 4.450%, 01/15/20............................. 38,004 39,089,394 # 2.450%, 06/15/20............................. 9,935 9,876,471 # 2.200%, 02/28/21............................. 2,725 2,675,128 Coca-Cola Co. (The) 1.875%, 10/27/20............................. 4,077 3,984,693 Exxon Mobil Corp. # 1.912%, 03/06/20............................. 19,700 19,436,249 # 2.222%, 03/01/21............................. 5,000 4,918,443 Merck & Co., Inc. 1.850%, 02/10/20............................. 18,426 18,158,845 Microsoft Corp. # 4.200%, 06/01/19............................. 5,650 5,752,370 1.850%, 02/06/20............................. 12,000 11,839,338 # 1.850%, 02/12/20............................. 14,000 13,810,325 Nestle Holdings, Inc. 2.125%, 01/14/20............................. 5,500 5,435,634 1.750%, 12/09/20............................. GBP 2,400 3,350,792 Novartis Capital Corp. # 1.800%, 02/14/20............................. 7,805 7,675,041
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Oracle Corp. 2.250%, 01/10/21............................. EUR 22,330 $ 28,580,946 Pfizer, Inc. 2.100%, 05/15/19............................. 24,850 24,735,186 Procter & Gamble Co. (The) 4.125%, 12/07/20............................. EUR 2,791 3,735,163 # 1.850%, 02/02/21............................. 8,890 8,653,566 Walmart Inc 1.750%, 10/09/19............................. 8,900 8,811,688 -------------- TOTAL UNITED STATES.............................. 512,931,088 -------------- TOTAL BONDS...................................... 4,945,962,995 -------------- AGENCY OBLIGATIONS -- (5.4%) Federal Home Loan Bank 2.000%, 09/13/19............................. 35,000 34,801,060 # 1.500%, 10/21/19............................. 29,000 28,600,235 1.375%, 11/15/19............................. 5,000 4,921,750 2.125%, 02/11/20............................. 5,000 4,965,715 1.875%, 03/13/20............................. 24,000 23,716,224 4.125%, 03/13/20............................. 39,900 41,026,776 2.375%, 03/30/20............................. 32,100 32,002,223 Federal Home Loan Mortgage Corp. 1.250%, 10/02/19............................. 56,300 55,365,589 Federal National Mortgage Association 1.750%, 09/12/19............................. 7,000 6,938,246 1.000%, 10/24/19............................. 25,000 24,469,975 # 1.500%, 02/28/20............................. 42,000 41,246,814 -------------- TOTAL AGENCY OBLIGATIONS......................... 298,054,607 -------------- U.S. TREASURY OBLIGATIONS -- (1.6%) U.S. Treasury Notes 1.000%, 10/15/19............................. 10,000 9,798,047 1.250%, 01/31/20............................. 15,000 14,691,211 1.250%, 02/29/20............................. 20,000 19,560,156 1.375%, 03/31/20............................. 20,000 19,585,938 1.500%, 04/15/20............................. 25,000 24,523,437 -------------- TOTAL U.S. TREASURY OBLIGATIONS.................. 88,158,789 -------------- TOTAL INVESTMENT SECURITIES...................... 5,332,176,391 --------------
18 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED
SHARES VALUE+ - ------ ------ SECURITIES LENDING COLLATERAL -- (3.1%) (S)@ DFA Short Term Investment Fund............... 14,693,669 $ 170,005,749 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $5,548,227,723)............................ $5,502,182,140 ==============
At April 30, 2018, DFA Two-Year Global Fixed Income Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying financial statements:
UNREALIZED FOREIGN EXCHANGE SETTLEMENT APPRECIATION CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION) ------------------ --------------- ---------------------------- ---------- -------------- USD 22,947,816 SGD 30,221,608 UBS AG 05/14/18 $ 151,401 USD 22,114,797 SGD 28,981,472 JP Morgan 05/17/18 252,561 USD 11,199,769 SGD 14,762,707 Citibank, N.A. 05/25/18 61,769 USD 19,470,198 SGD 25,536,710 State Street Bank and Trust 07/03/18 185,128 USD 88,864,360 EUR 72,029,035 State Street Bank and Trust 07/03/18 1,468,674 USD 88,744,291 EUR 71,909,139 State Street Bank and Trust 07/05/18 1,480,610 USD 131,997,623 CAD 168,477,186 State Street Bank and Trust 07/06/18 575,071 USD 55,950,159 GBP 39,347,321 UBS AG 07/10/18 1,596,655 USD 89,550,160 CAD 112,824,515 Bank of America Corp. 07/10/18 1,532,817 USD 96,666,882 CAD 121,588,668 HSBC Bank 07/11/18 1,810,431 USD 121,164,612 CAD 152,465,478 JP Morgan 07/13/18 2,214,930 USD 24,409,149 CAD 31,268,947 JP Morgan 07/16/18 12,396 USD 88,278,376 CAD 110,689,466 JP Morgan 07/16/18 1,915,907 USD 8,765,517 AUD 11,284,706 State Street Bank and Trust 07/17/18 267,152 USD 127,822,023 CAD 160,808,579 State Street Bank and Trust 07/19/18 2,347,670 USD 74,514,776 AUD 96,853,567 HSBC Bank 07/20/18 1,573,927 USD 125,456,379 CAD 158,845,954 Morgan Stanley 07/20/18 1,510,839 USD 15,531,076 SGD 20,500,030 State Street Bank and Trust 07/23/18 42,187 USD 21,551,508 SGD 28,450,210 Citibank, N.A. 07/24/18 55,305 USD 39,330,617 SEK 334,220,926 UBS AG 07/25/18 913,019 USD 51,832,752 EUR 42,310,392 State Street Bank and Trust 07/26/18 404,582 ----------- TOTAL APPRECIATION $20,373,031 AUD 15,099,888 USD 11,403,511 UBS AG 07/20/18 $ (31,719) CAD 10,438,926 USD 8,319,898 Citibank, N.A. 07/06/18 (176,895) CAD 303,420 USD 236,754 Citibank, N.A. 07/19/18 (4) USD 22,714,970 SGD 30,136,133 Citibank, N.A. 07/25/18 (55,619) USD 15,164,946 SGD 20,085,107 Bank of America Corp. 07/26/18 (11,545) ----------- TOTAL (DEPRECIATION) $ (275,782) ----------- TOTAL APPRECIATION (DEPRECIATION) $20,097,249 ===========
19 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Bonds Australia.............................. -- $465,912,660 -- $465,912,660 Austria................................ -- 157,704,389 -- 157,704,389 Belgium................................ -- 5,929,112 -- 5,929,112 Canada................................. -- 1,066,756,654 -- 1,066,756,654 Denmark................................ -- 66,606,848 -- 66,606,848 Finland................................ -- 66,902,033 -- 66,902,033 France................................. -- 393,454,285 -- 393,454,285 Germany................................ -- 440,553,146 -- 440,553,146 Japan.................................. -- 133,649,466 -- 133,649,466 Luxembourg............................. -- 14,637,109 -- 14,637,109 Netherlands............................ -- 461,199,895 -- 461,199,895 New Zealand............................ -- 4,795,473 -- 4,795,473 Norway................................. -- 119,087,207 -- 119,087,207 Singapore.............................. -- 149,675,245 -- 149,675,245 Supranational Organization Obligations. -- 411,984,390 -- 411,984,390 Sweden................................. -- 474,183,995 -- 474,183,995 United States.......................... -- 512,931,088 -- 512,931,088 Agency Obligations....................... -- 298,054,607 -- 298,054,607 U.S. Treasury Obligations................ -- 88,158,789 -- 88,158,789 Securities Lending Collateral............ -- 170,005,749 -- 170,005,749 Forward Currency Contracts**............. -- 20,097,249 -- 20,097,249 -- -------------- -- -------------- TOTAL.................................... -- $5,522,279,389 -- $5,522,279,389 == ============== == ==============
**Valued at the unrealized appreciation/(depreciation) on the investment. See accompanying Notes to Financial Statements. 20 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT^ VALUE+ ------- ------ (000) BONDS -- (90.1%) AUSTRALIA -- (6.8%) ASB Finance, Ltd. 0.500%, 06/10/22............................. EUR 2,000 $ 2,411,649 Australia & New Zealand Banking Group, Ltd. # 2.700%, 11/16/20............................. 7,000 6,922,458 3.300%, 03/07/22............................. AUD 2,000 1,515,779 2.625%, 11/09/22............................. 6,667 6,409,504 Commonwealth Bank of Australia 2.300%, 03/12/20............................. 1,310 1,292,564 2.900%, 07/12/21............................. AUD 2,000 1,500,948 3.250%, 01/17/22............................. AUD 1,000 757,369 ## 2.750%, 03/10/22............................. 2,000 1,950,399 3.250%, 03/31/22............................. AUD 6,000 4,534,174 0.500%, 07/11/22............................. EUR 5,725 6,927,840 Macquarie Group, Ltd. ## 3.000%, 12/03/18............................. 4,475 4,483,032 National Australia Bank, Ltd. ## 2.400%, 12/09/19............................. 15,000 14,877,865 2.625%, 01/14/21............................. 1,905 1,875,583 3.000%, 05/12/21............................. AUD 1,000 753,869 1.875%, 07/12/21............................. 1,350 1,292,708 0.875%, 01/20/22............................. EUR 1,112 1,368,059 2.500%, 05/22/22............................. 3,968 3,828,304 0.350%, 09/07/22............................. EUR 1,500 1,801,817 Westpac Banking Corp. 4.875%, 11/19/19............................. 5,000 5,143,957 0.250%, 01/17/22............................. EUR 8,500 10,215,481 ----------- TOTAL AUSTRALIA.................................. 79,863,359 ----------- AUSTRIA -- (0.6%) Republic of Austria Government Bond ## 0.0%, 09/20/22............................... EUR 6,100 7,389,128 ----------- BELGIUM -- (0.8%) Anheuser-Busch InBev Finance, Inc. 2.625%, 01/17/23............................. 3,327 3,202,135 Dexia Credit Local SA 0.625%, 01/21/22............................. EUR 1,250 1,540,520 0.250%, 06/02/22............................. EUR 2,000 2,425,415 1.125%, 06/15/22............................. GBP 2,000 2,716,002 ----------- TOTAL BELGIUM.................................... 9,884,072 ----------- CANADA -- (5.8%) Bank of Montreal 1.900%, 08/27/21............................. 4,000 3,827,520 Bank of Nova Scotia (The) 2.050%, 06/05/19............................. 5,000 4,960,330 # 2.800%, 07/21/21............................. 420 414,757
FACE AMOUNT^ VALUE+ ------- ------ (000) CANADA -- (Continued) Goldcorp, Inc. 3.625%, 06/09/21............................. 500 $ 500,074 Province of British Columbia Canada 3.250%, 12/18/21............................. CAD 5,000 4,013,201 Province of Ontario Canada 2.500%, 09/10/21............................. 15,000 14,730,040 Province of Quebec Canada 0.875%, 05/24/22............................. GBP 4,730 6,374,370 Quebec, Province of Canada 4.500%, 12/01/18............................. CAD 9,000 7,129,133 Royal Bank of Canada 2.150%, 03/06/20............................. 7,197 7,087,716 2.750%, 02/01/22............................. 5,614 5,499,886 1.968%, 03/02/22............................. CAD 8,000 6,051,513 Toronto-Dominion Bank (The) 1.994%, 03/23/22............................. CAD 10,000 7,577,086 ----------- TOTAL CANADA..................................... 68,165,626 ----------- DENMARK -- (0.4%) Danske Bank A.S. ## 2.800%, 03/10/21............................. 5,000 4,931,194 ----------- FINLAND -- (1.4%) Finland Government Bond ## 1.625%, 09/15/22............................. EUR 12,000 15,579,688 OP Corporate Bank P.L.C. 0.750%, 03/03/22............................. EUR 725 889,077 0.375%, 10/11/22............................. EUR 500 601,538 ----------- TOTAL FINLAND.................................... 17,070,303 ----------- FRANCE -- (5.3%) BPCE SA 1.125%, 12/14/22............................. EUR 1,800 2,237,703 Caisse d'Amortissement de la Dette Sociale 0.125%, 11/25/22............................. EUR 3,500 4,241,544 Credit Agricole SA ## 2.750%, 06/10/20............................. 5,000 4,950,735 Electricite de France SA ## 2.350%, 10/13/20............................. 5,300 5,211,150 French Republic Government Bond OAT --%, 05/25/22................................ EUR 10,400 12,617,650 2.250%, 10/25/22............................. EUR 8,500 11,329,857 Societe Generale SA ## 2.500%, 04/08/21............................. 4,200 4,094,181 Total Capital Canada, Ltd. 1.125%, 03/18/22............................. EUR 1,500 1,872,909
21 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) FRANCE -- (Continued) Total Capital SA 4.450%, 06/24/20............................. 8,000 $ 8,250,887 4.125%, 01/28/21............................. 4,000 4,106,695 Unedic Asseo 0.875%, 10/25/22............................. EUR 3,400 4,253,941 ----------- TOTAL FRANCE....................................... 63,167,252 ----------- GERMANY -- (5.7%) Bayer U.S. Finance LLC ## 2.375%, 10/08/19............................. 5,000 4,951,590 BMW US Capital LLC ## # 2.000%, 04/11/21............................. 2,365 2,280,325 Deutsche Bank AG 2.950%, 08/20/20............................. 1,000 984,050 1.500%, 01/20/22............................. EUR 1,000 1,227,179 FMS Wertmanagement AoeR 1.625%, 11/20/18............................. 6,800 6,772,663 0.875%, 02/14/22............................. GBP 2,000 2,722,340 Kreditanstalt fuer Wiederaufbau 1.500%, 04/20/20............................. 14,000 13,678,250 0.875%, 03/15/22............................. GBP 12,110 16,470,200 2.900%, 06/06/22............................. AUD 1,000 757,781 --%, 12/15/22................................ EUR 2,000 2,410,190 NRW Bank --%, 08/10/22................................ EUR 5,000 6,023,652 --%, 11/11/22................................ EUR 5,000 6,010,532 Volkswagen Group of America Finance LLC ## 2.400%, 05/22/20............................. 3,625 3,565,041 ----------- TOTAL GERMANY...................................... 67,853,793 ----------- IRELAND -- (0.7%) Allergan Finance LLC 3.250%, 10/01/22............................. 2,800 2,711,712 Allergan Funding SCS 3.450%, 03/15/22............................. 6,000 5,898,159 ----------- TOTAL IRELAND...................................... 8,609,871 ----------- ITALY -- (1.0%) Intesa Sanpaolo SpA 0.875%, 06/27/22............................. EUR 3,000 3,653,096 ## # 3.125%, 07/14/22............................. 4,550 4,383,334 Italy Buoni Poliennali Del Tesoro 1.450%, 09/15/22............................. EUR 2,900 3,645,539 ----------- TOTAL ITALY........................................ 11,681,969 ----------- JAPAN -- (4.1%) American Honda Finance Corp. # 2.450%, 09/24/20............................. 3,300 3,261,879 Mitsubishi UFJ Financial Group, Inc. 0.680%, 01/26/23............................. EUR 1,790 2,157,998
FACE AMOUNT^ VALUE+ ------- ------ (000) JAPAN -- (Continued) Mizuho Financial Group, Inc. ## 2.632%, 04/12/21............................. 4,000 $ 3,906,016 MUFG Bank, Ltd. ## 2.350%, 09/08/19............................. $ 3,000 2,973,382 MUFG Union Bank NA # 2.625%, 09/26/18............................. 2,245 2,244,639 Nissan Motor Acceptance Corp. ## 2.550%, 03/08/21............................. 3,500 3,424,952 Sumitomo Mitsui Financial Group, Inc. 2.058%, 07/14/21............................. 3,000 2,882,837 Toyota Credit Canada, Inc. 2.020%, 02/28/22............................. CAD 4,000 3,027,377 Toyota Motor Credit Corp. # 1.900%, 04/08/21............................. 20,928 20,300,368 2.600%, 01/11/22............................. 3,152 3,085,129 0.750%, 07/21/22............................. EUR 500 613,729 ----------- TOTAL JAPAN...................................... 47,878,306 ----------- LUXEMBOURG -- (0.7%) European Financial Stability Facility 0.500%, 01/20/23............................. EUR 6,500 8,008,121 ----------- NETHERLANDS -- (5.0%) Bank Nederlandse Gemeenten NV 1.875%, 06/11/19............................. 5,000 4,962,320 1.750%, 03/24/20............................. 10,000 9,814,280 1.000%, 03/15/22............................. GBP 1,000 1,362,382 0.500%, 08/26/22............................. EUR 5,000 6,151,030 Cooperatieve Rabobank UA 0.125%, 10/11/21............................. EUR 900 1,083,940 2.750%, 01/10/22............................. 810 792,001 4.000%, 01/11/22............................. EUR 980 1,346,096 4.750%, 06/06/22............................. EUR 1,367 1,944,882 ING Bank NV ## 2.750%, 03/22/21............................. 5,000 4,931,618 Mylan, Inc. # 2.550%, 03/28/19............................. 4,400 4,382,761 Shell International Finance BV # 4.375%, 03/25/20............................. 10,000 10,288,855 # 2.250%, 11/10/20............................. 4,606 4,540,379 1.750%, 09/12/21............................. 7,000 6,711,581 Volkswagen International Finance NV 0.875%, 01/16/23............................. EUR 300 365,250 ----------- TOTAL NETHERLANDS................................ 58,677,375 ----------- NORWAY -- (1.1%) Kommunalbanken A.S. 2.250%, 01/25/22............................. 13,250 12,899,312 -----------
22 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) SPAIN -- (0.7%) Banco Santander SA # 3.848%, 04/12/23............................. 3,000 $ 2,976,136 Santander UK P.L.C. 2.375%, 03/16/20............................. 2,000 1,974,033 Spain Government Bond ## 5.400%, 01/31/23............................. EUR 2,500 3,753,781 ----------- TOTAL SPAIN...................................... 8,703,950 ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (6.7%) Asian Development Bank 1.375%, 01/15/19............................. 6,000 5,959,857 European Financial Stability Facility 0.0%, 11/17/22............................... EUR 21,960 26,485,316 European Investment Bank # 1.875%, 03/15/19............................. 10,000 9,955,117 1.750%, 06/17/19............................. 5,000 4,959,750 4.250%, 12/07/21............................. GBP 220 335,321 5.000%, 08/22/22............................. AUD 1,000 822,993 European Stability Mechanism 0.0%, 10/18/22............................... EUR 17,350 20,925,434 International Bank for Reconstruction & Development 0.750%, 12/07/21............................. GBP 5,000 6,790,783 International Finance Corp. 2.800%, 08/15/22............................. AUD 4,500 3,401,511 ----------- TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS..... 79,636,082 ----------- SWEDEN -- (7.8%) Kommuninvest I Sverige AB 0.250%, 06/01/22............................. SEK 269,000 30,689,282 Nordea Bank AB 0.300%, 06/30/22............................. EUR 5,000 6,019,788 Skandinaviska Enskilda Banken AB 0.300%, 02/17/22............................. EUR 1,250 1,509,112 1.250%, 08/05/22............................. GBP 2,000 2,708,287 Svenska Handelsbanken AB 2.400%, 10/01/20............................. 15,145 14,877,572 0.250%, 02/28/22............................. EUR 4,600 5,542,471 Sweden Government Bond 3.500%, 06/01/22............................. SEK 231,000 30,381,895 ----------- TOTAL SWEDEN..................................... 91,728,407 -----------
FACE AMOUNT^ VALUE+ ------- ------ (000) SWITZERLAND -- (0.4%) Credit Suisse Group Funding Guernsey, Ltd. 1.250%, 04/14/22............................. EUR 1,000 $ 1,234,058 UBS AG 2.375%, 08/14/19............................. 667 663,298 UBS Group Funding Switzerland AG 1.750%, 11/16/22............................. EUR 2,000 2,524,159 ----------- TOTAL SWITZERLAND................................ 4,421,515 ----------- UNITED KINGDOM -- (1.8%) Anglo American Capital P.L.C. ## 3.750%, 04/10/22............................. 3,733 3,698,395 AstraZeneca P.L.C. 2.375%, 11/16/20............................. 5,000 4,916,662 Barclays P.L.C. # 2.750%, 11/08/19............................. 8,000 7,944,936 BP Capital Markets P.L.C. 2.315%, 02/13/20............................. 856 847,966 British Telecommunications P.L.C. 0.500%, 06/23/22............................. EUR 400 482,207 HSBC USA, Inc. 2.350%, 03/05/20............................. 2,825 2,790,477 Unilever Capital Corp. 4.250%, 02/10/21............................. 1,000 1,032,805 ----------- TOTAL UNITED KINGDOM............................. 21,713,448 ----------- UNITED STATES -- (33.3%) Abbott Laboratories 2.000%, 03/15/20............................. $ 6,774 6,650,655 AbbVie, Inc. 2.500%, 05/14/20............................. 1,422 1,404,995 Activision Blizzard, Inc. 2.600%, 06/15/22............................. 5,000 4,825,992 Air Products & Chemicals, Inc. 3.000%, 11/03/21............................. 3,990 3,964,738 Altria Group, Inc. 2.850%, 08/09/22............................. 5,700 5,552,418 Ameren Corp. 2.700%, 11/15/20............................. 1,000 986,242 American Express Credit Corp. # 2.250%, 08/15/19............................. 2,500 2,485,288 American Honda Finance Corp. 1.375%, 11/10/22............................. EUR 2,000 2,515,044 AmerisourceBergen Corp. # 3.500%, 11/15/21............................. 5,000 5,009,650 Amgen, Inc. 2.200%, 05/22/19............................. 575 572,234
See accompanying Notes to Financial Statements. 23 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Apache Corp. 6.900%, 09/15/18............................. 4,890 $ 4,967,113 Apple, Inc. 2.250%, 02/23/21............................. 12,050 11,846,288 2.850%, 05/06/21............................. 11,176 11,138,257 AutoZone, Inc. 2.875%, 01/15/23............................. 3,000 2,894,113 Bank of America Corp. 2.600%, 01/15/19............................. 1,670 1,669,699 2.650%, 04/01/19............................. 1,000 1,000,223 Biogen, Inc. 2.900%, 09/15/20............................. 5,000 4,976,017 Booking Holdings, Inc. 0.800%, 03/10/22............................. EUR 1,900 2,320,325 Boston Scientific Corp. 6.000%, 01/15/20............................. 1,433 1,496,304 Bristol-Myers Squibb Co. # 1.750%, 03/01/19............................. 1,200 1,192,149 Capital One NA/Mclean 2.950%, 07/23/21............................. 4,495 4,418,568 CBS Corp. 2.300%, 08/15/19............................. 1,417 1,403,133 Celgene Corp. 2.250%, 05/15/19............................. 1,300 1,291,774 3.550%, 08/15/22............................. 1,777 1,763,396 Chevron Corp. # 2.419%, 11/17/20............................. 10,000 9,937,167 2.100%, 05/16/21............................. 2,200 2,145,797 # 2.498%, 03/03/22............................. 3,000 2,937,296 Cigna Corp. 4.500%, 03/15/21............................. 1,000 1,024,696 Cisco Systems, Inc. 2.200%, 02/28/21............................. 5,000 4,908,491 Citizens Bank NA # 2.550%, 05/13/21............................. 2,836 2,774,206 Comerica, Inc. 2.125%, 05/23/19............................. 700 695,745 Conagra Brands, Inc. 3.200%, 01/25/23............................. 2,000 1,962,412 CVS Health Corp. 2.250%, 08/12/19............................. 600 595,020 # 2.800%, 07/20/20............................. 2,665 2,648,568 Discovery Communications LLC ## 2.750%, 11/15/19............................. 6,000 5,965,201 Dominion Energy, Inc. 2.500%, 12/01/19............................. 4,667 4,610,961 Dow Chemical Co. (The) 3.000%, 11/15/22............................. 1,000 973,737 Dr Pepper Snapple Group, Inc. 2.700%, 11/15/22............................. 1,000 950,810 DTE Energy Co. 2.400%, 12/01/19............................. 2,210 2,179,852 E*TRADE Financial Corp. 2.950%, 08/24/22............................. 4,000 3,874,975 eBay, Inc. # 2.200%, 08/01/19............................. 5,500 5,465,306
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Exelon Generation Co. LLC 4.250%, 06/15/22............................. 1,000 $ 1,023,673 Express Scripts Holding Co. 2.250%, 06/15/19............................. 2,865 2,842,056 Exxon Mobil Corp. # 1.912%, 03/06/20............................. 5,009 4,941,938 2.222%, 03/01/21............................. 2,800 2,754,328 Fifth Third Bancorp 2.300%, 03/01/19............................. 2,270 2,262,090 Fifth Third Bank 2.375%, 04/25/19............................. 453 452,010 Ford Motor Credit Co. LLC 5.000%, 05/15/18............................. 1,387 1,388,343 Fortune Brands Home & Security, Inc. 3.000%, 06/15/20............................. 3,000 2,973,438 GATX Corp. 2.500%, 03/15/19............................. 3,000 2,991,082 GE Capital International Funding Co., Unlimited Co. 2.342%, 11/15/20............................. 12,715 12,428,682 General Electric Co. 0.375%, 05/17/22............................. EUR 4,523 5,429,529 General Motors Financial Co., Inc. 3.450%, 01/14/22............................. 5,000 4,944,584 Gilead Sciences, Inc. # 2.550%, 09/01/20............................. 2,118 2,101,840 Goldman Sachs Group, Inc. (The) 2.625%, 04/25/21............................. 500 489,351 5.250%, 07/27/21............................. 5,000 5,285,863 Harley-Davidson Financial Services, Inc. ## 2.150%, 02/26/20............................. 5,000 4,905,363 Hershey Co. (The) 4.125%, 12/01/20............................. 300 308,567 Humana, Inc. 2.625%, 10/01/19............................. 1,455 1,448,645 Huntington Bancshares, Inc. 2.600%, 08/02/18............................. 4,400 4,401,024 International Business Machines Corp. 2.500%, 01/27/22............................. 5,000 4,870,640 Johnson & Johnson # 1.650%, 03/01/21............................. 4,452 4,323,412 0.250%, 01/20/22............................. EUR 4,200 5,092,125 Kellogg Co. 0.800%, 11/17/22............................. EUR 450 546,976 KeyCorp 2.900%, 09/15/20............................. 2,142 2,126,793 Kroger Co. (The) 2.300%, 01/15/19............................. 1,700 1,694,801 L3 Technologies, Inc. 4.750%, 07/15/20............................. 1,553 1,605,936 Legg Mason, Inc. 2.700%, 07/15/19............................. 5,425 5,395,469
24 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Lockheed Martin Corp. # 2.500%, 11/23/20............................. 3,500 $ 3,458,502 Marathon Petroleum Corp. 3.400%, 12/15/20............................. 3,500 3,513,337 Marriott International, Inc. 6.750%, 05/15/18............................. 1,000 1,001,545 Marsh & McLennan Cos., Inc. 2.350%, 09/10/19............................. 2,200 2,181,590 Mastercard, Inc. 1.100%, 12/01/22............................. EUR 1,000 1,239,015 Mead Johnson Nutrition Co. 3.000%, 11/15/20............................. 2,800 2,792,750 Merck & Co., Inc. # 3.875%, 01/15/21............................. 6,244 6,386,968 MetLife, Inc. # 4.750%, 02/08/21............................. 2,300 2,391,778 Microsoft Corp. 1.850%, 02/12/20............................. 2,000 1,972,904 1.550%, 08/08/21............................. 1,178 1,128,788 Mondelez International Holdings Netherlands BV ## 2.000%, 10/28/21............................. 6,000 5,712,257 Monsanto Co. 2.125%, 07/15/19............................. 2,500 2,477,449 Morgan Stanley 7.300%, 05/13/19............................. 1,800 1,881,399 # 2.375%, 07/23/19............................. 1,365 1,358,582 Mosaic Co. (The) 3.750%, 11/15/21............................. 6,000 5,985,739 National Oilwell Varco, Inc. # 2.600%, 12/01/22............................. 4,000 3,810,943 NextEra Energy Capital Holdings, Inc. 2.400%, 09/15/19............................. 3,850 3,821,034 Nordstrom, Inc. 4.750%, 05/01/20............................. 5,225 5,373,341 Nuveen Finance LLC ## 2.950%, 11/01/19............................. 3,474 3,461,733 NVIDIA Corp. # 2.200%, 09/16/21............................. 575 557,884 Omnicom Group, Inc. 4.450%, 08/15/20............................. 1,000 1,026,611 3.625%, 05/01/22............................. 2,000 2,001,314 ONEOK Partners L.P. 3.375%, 10/01/22............................. 1,000 983,002 Oracle Corp. 1.900%, 09/15/21............................. 20,000 19,297,011 Pacific Gas & Electric Co. 3.500%, 10/01/20............................. 100 100,212 Penske Truck Leasing Co. L.P. / PTL Finance Corp. ## 3.375%, 02/01/22............................. 361 357,187 PepsiCo, Inc. 4.500%, 01/15/20............................. 451 464,872 Pfizer, Inc. 0.250%, 03/06/22............................. EUR 13,680 16,506,566
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Procter & Gamble Co. (The) 2.150%, 08/11/22............................. 7,369 $ 7,096,636 2.000%, 08/16/22............................. EUR 400 517,498 Progress Energy, Inc. 4.400%, 01/15/21............................. 1,500 1,535,488 Regions Financial Corp. 2.750%, 08/14/22............................. 1,500 1,446,026 Republic Services, Inc. 3.800%, 05/15/18............................. 233 233,117 Roper Technologies, Inc. 2.800%, 12/15/21............................. 1,000 977,352 Santander Holdings USA, Inc. # 3.400%, 01/18/23............................. 6,525 6,320,251 Sherwin-Williams Co. (The) # 2.750%, 06/01/22............................. 2,000 1,936,376 Southern Co. (The) 2.750%, 06/15/20............................. 5,000 4,953,889 Southwest Airlines Co. 2.750%, 11/06/19............................. 5,000 4,975,336 State Street Corp. 2.550%, 08/18/20............................. 2,000 1,984,429 Stryker Corp. 2.625%, 03/15/21............................. 2,400 2,367,288 SunTrust Banks, Inc. 2.900%, 03/03/21............................. 1,070 1,058,982 Time Warner, Inc. 4.875%, 03/15/20............................. 2,635 2,721,543 4.000%, 01/15/22............................. 3,470 3,525,381 Union Pacific Corp. 1.800%, 02/01/20............................. 844 829,121 4.000%, 02/01/21............................. 1,470 1,504,025 UnitedHealth Group, Inc. 2.300%, 12/15/19............................. 710 705,075 Verizon Communications, Inc. 4.600%, 04/01/21............................. 1,197 1,244,525 3.125%, 03/16/22............................. 3,650 3,608,334 Viacom, Inc. 4.500%, 03/01/21............................. 6,000 6,159,496 Walgreens Boots Alliance, Inc. 2.700%, 11/18/19............................. 1,590 1,584,435 Wells Fargo & Co. 2.150%, 01/30/20............................. 750 740,086 1.500%, 09/12/22............................. EUR 300 375,128 Wisconsin Electric Power Co. 1.700%, 06/15/18............................. 535 534,552 Xerox Corp. 4.070%, 03/17/22............................. 2,900 2,879,913 Zimmer Biomet Holdings, Inc. 2.700%, 04/01/20............................. 2,210 2,188,890 -------------- TOTAL UNITED STATES.............................. 394,270,898 -------------- TOTAL BONDS...................................... 1,066,553,981 --------------
25 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) U.S. TREASURY OBLIGATIONS -- (8.0%) U.S. Treasury Notes 0.750%, 02/15/19............................. 75,500 $ 74,629,980 1.500%, 05/31/19............................. 20,000 19,826,563 -------------- TOTAL U.S. TREASURY OBLIGATIONS.................. 94,456,543 -------------- TOTAL INVESTMENT SECURITIES...................... 1,161,010,524 --------------
SHARES VALUE+ ------ ------ SECURITIES LENDING COLLATERAL -- (1.9%) (S)@ DFA Short Term Investment Fund............... 1,893,506 $ 21,907,864 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,196,172,461)............................ $1,182,918,388 ==============
At April 30, 2018, DFA Selectively Hedged Global Fixed Income Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying financial statements:
UNREALIZED FOREIGN EXCHANGE SETTLEMENT APPRECIATION CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION) ------------------ --------------- ---------------------------- ------------------ -------------- USD 102,909,839 EUR 83,248,385 State Street Bank and Trust 05/08/18 $2,344,038 USD 28,054,966 CAD 35,969,608 Bank of America Corp. 06/11/18 15,047 USD 65,674,821 SEK 533,978,795 State Street Bank and Trust 06/12/18 4,511,211 USD 14,479,081 AUD 18,856,236 Citibank, N.A. 06/28/18 280,634 USD 40,254,866 GBP 28,715,057 State Street Bank and Trust 07/23/18 564,330 USD 138,152,812 EUR 112,141,246 State Street Bank and Trust 07/23/18 1,877,033 ---------- TOTAL APPRECIATION $9,592,293 ==========
26 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Bonds Australia.......... -- $ 79,863,359 -- $ 79,863,359 Austria............ -- 7,389,128 -- 7,389,128 Belgium............ -- 9,884,072 -- 9,884,072 Canada............. -- 68,165,626 -- 68,165,626 Denmark............ -- 4,931,194 -- 4,931,194 Finland............ -- 17,070,303 -- 17,070,303 France............. -- 63,167,252 -- 63,167,252 Germany............ -- 67,853,793 -- 67,853,793 Ireland............ -- 8,609,871 -- 8,609,871 Italy.............. -- 11,681,969 -- 11,681,969 Japan.............. -- 47,878,306 -- 47,878,306 Luxembourg......... -- 8,008,121 -- 8,008,121 Netherlands........ -- 58,677,375 -- 58,677,375 Norway............. -- 12,899,312 -- 12,899,312 Spain.............. -- 8,703,950 -- 8,703,950 Supranational Organization Obligations...... -- 79,636,082 -- 79,636,082 Sweden............. -- 91,728,407 -- 91,728,407 Switzerland........ -- 4,421,515 -- 4,421,515 United Kingdom..... -- 21,713,448 -- 21,713,448 United States...... -- 394,270,898 -- 394,270,898 U.S. Treasury Obligations........ -- 94,456,543 -- 94,456,543 Securities Lending Collateral......... -- 21,907,864 -- 21,907,864 Forward Currency Contracts**........ -- 9,592,293 -- 9,592,293 -- -------------- -- -------------- TOTAL............... -- $1,192,510,681 -- $1,192,510,681 == ============== == ==============
**Valued at the unrealized appreciation/(depreciation) on the investment. See accompanying Notes to Financial Statements. 27 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT^ VALUE+ ------- ------ (000) BONDS -- (99.6%) AUSTRALIA -- (9.6%) ANZ New Zealand International, Ltd. 0.625%, 06/01/21............................. EUR 1,000 $ 1,222,475 0.400%, 03/01/22............................. EUR 34,282 41,357,243 ASB Finance, Ltd. 0.500%, 06/10/22............................. EUR 41,239 49,726,996 Australia & New Zealand Banking Group, Ltd. 2.300%, 06/01/21............................. 17,866 17,354,453 2.550%, 11/23/21............................. 61,184 59,496,558 2.625%, 05/19/22............................. 5,000 4,849,342 2.625%, 11/09/22............................. 98,167 94,375,552 Commonwealth Bank of Australia 2.550%, 03/15/21............................. 35,750 35,098,118 2.900%, 07/12/21............................. AUD 15,000 11,257,109 ## 2.000%, 09/06/21............................. 45,774 43,946,924 3.250%, 01/17/22............................. AUD 43,460 32,915,236 ## 2.750%, 03/10/22............................. 102,078 99,546,388 3.250%, 03/31/22............................. AUD 21,000 15,869,610 0.500%, 07/11/22............................. EUR 16,950 20,511,246 National Australia Bank, Ltd. 2.625%, 01/14/21............................. 8,550 8,417,970 3.000%, 05/12/21............................. AUD 14,343 10,812,747 1.875%, 07/12/21............................. 31,520 30,182,336 2.800%, 01/10/22............................. 180,432 176,857,972 0.875%, 01/20/22............................. EUR 9,168 11,279,104 3.250%, 03/24/22............................. AUD 17,600 13,313,163 2.500%, 05/22/22............................. 115,430 111,366,220 0.350%, 09/07/22............................. EUR 27,190 32,660,940 South Australian Government Financing Authority 1.500%, 09/22/22............................. AUD 20,000 14,352,752 Western Australian Treasury Corp. 2.750%, 10/20/22............................. AUD 199,000 150,396,925 Westpac Banking Corp. 2.100%, 05/13/21............................. 1,633 1,581,168 # 2.000%, 08/19/21............................. 43,841 42,114,004 2.800%, 01/11/22............................. 206,009 202,263,330 0.250%, 01/17/22............................. EUR 11,762 14,135,822 2.500%, 06/28/22............................. 35,211 33,901,028 2.625%, 12/14/22............................. GBP 5,416 7,750,112 -------------- TOTAL AUSTRALIA.................................. 1,388,912,843 -------------- AUSTRIA -- (3.1%) Oesterreichische Kontrollbank AG 0.750%, 03/07/22............................. GBP 8,000 10,794,600
FACE AMOUNT^ VALUE+ ------- ------ (000) AUSTRIA -- (Continued) Republic of Austria Government Bond ## 0.0%, 09/20/22............................... EUR 357,100 $432,566,785 ------------ TOTAL AUSTRIA.................................... 443,361,385 ------------ BELGIUM -- (1.9%) Dexia Credit Local SA 0.875%, 09/07/21............................. GBP 4,600 6,226,850 1.875%, 09/15/21............................. 10,742 10,328,702 0.625%, 01/21/22............................. EUR 28,750 35,431,955 0.250%, 06/02/22............................. EUR 29,400 35,653,610 1.125%, 06/15/22............................. GBP 20,100 27,295,821 2.375%, 09/20/22............................. 2,700 2,610,209 Kingdom of Belgium Government Bond 4.250%, 09/28/22............................. EUR 109,909 158,213,194 ------------ TOTAL BELGIUM.................................... 275,760,341 ------------ CANADA -- (16.7%) Alberta, Province of Canada 1.350%, 09/01/21............................. CAD 226,500 170,813,053 Bank of Montreal 1.900%, 08/27/21............................. 84,774 81,118,545 Bank of Nova Scotia (The) # 2.450%, 03/22/21............................. 38,422 37,588,052 # 2.700%, 03/07/22............................. 188,023 183,210,124 British Columbia, Province of Canada # 2.000%, 10/23/22............................. 6,000 5,737,745 Canada Housing Trust No. 1 ## 1.750%, 06/15/22............................. CAD 97,000 73,796,152 CPPIB Capital, Inc. ## 2.250%, 01/25/22............................. 103,442 100,690,320 2.250%, 01/25/22............................. 58,150 56,603,141 Export Development Canada 2.700%, 10/24/22............................. AUD 65,725 49,333,063 Province of British Columbia Canada 3.250%, 12/18/21............................. CAD 63,000 50,566,338 Province of Manitoba Canada 1.550%, 09/05/21............................. CAD 29,600 22,459,068 2.125%, 05/04/22............................. 61,500 59,112,303 Province of Ontario Canada 2.400%, 02/08/22............................. 187,269 182,406,643 1.350%, 03/08/22............................. CAD 55,000 41,124,810 3.150%, 06/02/22............................. CAD 216,950 173,336,959
28 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) CANADA -- (Continued) Province of Quebec Canada 4.250%, 12/01/21............................. CAD 58,000 $ 48,079,987 2.375%, 01/31/22............................. 202,636 197,534,114 0.875%, 05/24/22............................. GBP 11,551 15,566,669 3.500%, 12/01/22............................. CAD 144,700 117,495,566 Royal Bank of Canada 2.500%, 01/19/21............................. 52,368 51,417,497 2.030%, 03/15/21............................. CAD 60,000 45,950,855 # 2.750%, 02/01/22............................. 76,944 75,379,980 1.968%, 03/02/22............................. CAD 279,434 211,374,807 2.000%, 03/21/22............................. CAD 30,000 22,703,688 Toronto-Dominion Bank (The) 2.125%, 04/07/21............................. 123,746 120,103,008 # 1.800%, 07/13/21............................. 41,938 40,131,719 2.621%, 12/22/21............................. CAD 57,179 44,418,769 1.994%, 03/23/22............................. CAD 174,267 132,043,610 -------------- TOTAL CANADA..................................... 2,410,096,585 -------------- DENMARK -- (0.3%) Kommunekredit 0.0%, 09/08/22............................... EUR 33,405 40,109,809 -------------- FINLAND -- (3.4%) Finland Government Bond --%, 04/15/22................................ EUR 20,000 24,279,226 ## 1.625%, 09/15/22............................. EUR 310,500 403,124,419 1.500%, 04/15/23............................. EUR 3,000 3,883,496 Municipality Finance P.L.C. 1.250%, 12/07/22............................. GBP 7,284 9,990,675 OP Corporate Bank P.L.C. 0.750%, 03/03/22............................. EUR 23,001 28,206,417 2.500%, 05/20/22............................. GBP 2,550 3,632,372 0.375%, 10/11/22............................. EUR 15,600 18,768,004 -------------- TOTAL FINLAND.................................... 491,884,609 -------------- FRANCE -- (8.1%) Agence Francaise de Developpement 0.125%, 04/30/22............................. EUR 48,200 58,251,472 0.500%, 10/25/22............................. EUR 13,600 16,655,845 Caisse d'Amortissement de la Dette Sociale 1.875%, 02/12/22............................. 78,500 75,294,845 0.125%, 11/25/22............................. EUR 287,000 347,806,615 Dexia Credit Local SA 0.750%, 01/25/23............................. EUR 6,000 7,406,798 French Republic Government Bond OAT 3.000%, 04/25/22............................. EUR 15,500 21,083,312 --%, 05/25/22................................ EUR 312,500 379,136,104 2.250%, 10/25/22............................. EUR 18,000 23,992,639 --%, 03/25/23................................ EUR 5,000 6,023,616
FACE AMOUNT^ VALUE+ ------- ------ (000) FRANCE -- (Continued) Sanofi 1.125%, 03/10/22............................. EUR 5,200 $ 6,492,777 Total Capital Canada, Ltd. 1.125%, 03/18/22............................. EUR 19,600 24,472,680 Total Capital International SA # 2.750%, 06/19/21............................. 12,984 12,860,833 2.125%, 11/19/21............................. EUR 4,000 5,171,777 # 2.875%, 02/17/22............................. 33,380 33,002,734 Unedic Asseo 0.875%, 10/25/22............................. EUR 127,900 160,023,235 UNEDIC ASSEO 2.250%, 04/05/23............................. EUR 2,000 2,662,236 -------------- TOTAL FRANCE..................................... 1,180,337,518 -------------- GERMANY -- (7.5%) Bayerische Landesbodenkreditanstalt 2.500%, 02/09/22............................. EUR 19,829 26,201,614 Bundesobligation 0.0%, 10/07/22............................... EUR 54,000 65,665,942 FMS Wertmanagement AoeR 0.875%, 02/14/22............................. GBP 29,700 40,426,755 Kreditanstalt fuer Wiederaufbau 5.500%, 02/09/22............................. AUD 2,300 1,907,280 # 2.125%, 03/07/22............................. 51,500 50,035,336 0.875%, 03/15/22............................. GBP 39,750 54,061,970 --%, 04/28/22................................ EUR 42,000 50,848,469 2.900%, 06/06/22............................. AUD 18,000 13,640,059 0.625%, 07/04/22............................. EUR 25,500 31,638,003 --%, 12/15/22................................ EUR 31,800 38,322,024 Landeskreditbank Baden- Wuerttemberg Foerderbank 0.875%, 03/07/22............................. GBP 5,485 7,434,402 Landwirtschaftliche Rentenbank 5.500%, 03/29/22............................. AUD 32,000 26,610,028 1.250%, 05/20/22............................. EUR 69,600 88,456,295 2.700%, 09/05/22............................. AUD 75,620 56,830,313 NRW Bank --%, 08/10/22................................ EUR 33,000 39,756,104 --%, 11/11/22................................ EUR 122,540 147,306,105 0.125%, 03/10/23............................. EUR 20,000 23,956,894 State of North Rhine- Westphalia Germany 4.375%, 04/29/22............................. EUR 20,000 28,381,660 --%, 12/05/22................................ EUR 117,200 140,956,349 0.375%, 02/16/23............................. EUR 104,620 127,831,900 0.125%, 03/16/23............................. EUR 21,260 25,634,494 -------------- TOTAL GERMANY.................................... 1,085,901,996 --------------
29 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) JAPAN -- (2.6%) Toyota Credit Canada, Inc. 2.020%, 02/28/22............................. CAD 42,366 $ 32,064,458 2.350%, 07/18/22............................. CAD 34,200 26,120,601 Toyota Motor Credit Corp. # 1.900%, 04/08/21............................. 128,749 124,887,811 2.750%, 05/17/21............................. 38,695 38,327,426 2.600%, 01/11/22............................. 88,874 86,988,502 # 3.300%, 01/12/22............................. 11,825 11,851,793 2.800%, 07/13/22............................. 26,645 26,202,005 0.750%, 07/21/22............................. EUR 27,550 33,816,452 -------------- TOTAL JAPAN...................................... 380,259,048 -------------- LUXEMBOURG -- (0.1%) European Financial Stability Facility 0.500%, 01/20/23............................. EUR 15,000 18,480,278 -------------- NETHERLANDS -- (9.8%) Bank Nederlandse Gemeenten NV ## 2.375%, 02/01/22............................. 94,000 91,827,472 1.000%, 03/15/22............................. GBP 19,030 25,926,124 1.000%, 06/17/22............................. GBP 7,000 9,522,091 0.500%, 08/26/22............................. EUR 39,664 48,794,888 2.250%, 08/30/22............................. EUR 4,445 5,873,731 0.250%, 02/22/23............................. EUR 20,000 24,279,564 Cooperatieve Rabobank UA 4.500%, 01/11/21............................. 20,691 21,378,162 2.500%, 01/19/21............................. 56,391 55,417,814 0.125%, 10/11/21............................. EUR 18,733 22,561,609 # 2.750%, 01/10/22............................. 164,370 160,717,478 4.000%, 01/11/22............................. EUR 25,728 35,339,140 3.875%, 02/08/22............................. 57,132 58,052,274 4.750%, 06/06/22............................. EUR 35,519 50,534,202 0.500%, 12/06/22............................. EUR 15,763 19,087,988 Nederlandse Waterschapsbank NV 0.875%, 12/20/21............................. GBP 510 692,517 3.000%, 03/28/22............................. EUR 29,000 39,085,102 1.875%, 04/14/22............................. 81,795 78,306,116 0.500%, 10/27/22............................. EUR 19,920 24,462,186 0.500%, 01/19/23............................. EUR 4,400 5,399,979 Netherlands Government Bond 3.750%, 01/15/23............................. EUR 197,000 280,885,146 Shell International Finance BV # 2.125%, 05/11/20............................. 53,215 52,529,145 2.250%, 11/10/20............................. 75,035 73,965,990 # 1.875%, 05/10/21............................. 75,440 73,037,520 # 1.750%, 09/12/21............................. 58,805 56,382,071 1.250%, 03/15/22............................. EUR 34,106 42,747,153 1.000%, 04/06/22............................. EUR 48,086 59,724,581 # 2.375%, 08/21/22............................. 1,628 1,574,439 -------------- TOTAL NETHERLANDS................................ 1,418,104,482 --------------
FACE AMOUNT^ VALUE+ ------- ------ (000) NORWAY -- (1.2%) Kommunalbanken A.S. 2.250%, 01/25/22............................. 90,000 $ 87,617,970 2.250%, 01/25/22............................. 39,250 38,202,037 1.125%, 11/30/22............................. GBP 3,764 5,134,171 Statoil ASA # 3.150%, 01/23/22............................. 15,600 15,591,610 0.875%, 02/17/23............................. EUR 19,954 24,555,481 -------------- TOTAL NORWAY..................................... 171,101,269 -------------- SINGAPORE -- (0.1%) Temasek Financial I, Ltd. 0.500%, 03/01/22............................. EUR 1,802 2,204,266 4.625%, 07/26/22............................. GBP 4,200 6,514,133 -------------- TOTAL SINGAPORE.................................. 8,718,399 -------------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (8.6%) African Development Bank 5.250%, 03/23/22............................. AUD 2,000 1,647,904 Asian Development Bank 2.750%, 01/19/22............................. AUD 11,000 8,309,613 5.000%, 03/09/22............................. AUD 11,600 9,476,924 1.000%, 12/15/22............................. GBP 17,333 23,590,228 Council Of Europe Development Bank 0.375%, 10/27/22............................. EUR 39,747 48,675,674 European Financial Stability Facility 2.250%, 09/05/22............................. EUR 15,600 20,705,776 --%, 11/17/22................................ EUR 281,238 339,192,952 European Investment Bank 5.000%, 08/22/22............................. AUD 29,319 24,129,330 2.250%, 10/14/22............................. EUR 20,022 26,609,304 2.500%, 10/31/22............................. GBP 31,000 44,969,728 1.625%, 03/15/23............................. EUR 39,000 50,514,125 European Stability Mechanism 0.0%, 10/18/22............................... EUR 358,538 432,424,394 Inter-American Development Bank 3.750%, 07/25/22............................. AUD 28,176 22,092,758 International Bank for Reconstruction & Development 0.750%, 12/07/21............................. GBP 5,500 7,469,861 2.600%, 09/20/22............................. AUD 53,347 39,976,534 1.000%, 12/19/22............................. GBP 33,850 46,094,904 International Finance Corp. 2.800%, 08/15/22............................. AUD 102,500 77,478,871 Nordic Investment Bank 2.125%, 02/01/22............................. 19,000 18,468,680 -------------- TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS..... 1,241,827,560 --------------
30 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) SWEDEN -- (8.7%) Kommuninvest I Sverige AB 1.000%, 09/15/21............................. SEK 270,000 $ 31,771,732 0.250%, 06/01/22............................. SEK 2,880,000 328,569,268 0.750%, 02/22/23............................. SEK 365,000 42,241,237 Nordea Bank AB 4.875%, 01/14/21............................. 600 623,843 2.000%, 02/17/21............................. EUR 5,333 6,786,647 ## # 2.250%, 05/27/21............................. 71,041 68,889,203 2.375%, 06/02/22............................. GBP 9,480 13,443,257 0.300%, 06/30/22............................. EUR 6,300 7,584,933 3.250%, 07/05/22............................. EUR 13,403 18,113,260 Skandinaviska Enskilda Banken AB 0.750%, 08/24/21............................. EUR 7,400 9,112,675 0.300%, 02/17/22............................. EUR 31,728 38,304,875 1.250%, 08/05/22............................. GBP 5,351 7,246,022 Svensk Exportkredit AB 2.375%, 03/09/22............................. 83,582 81,681,329 Svenska Handelsbanken AB # 2.450%, 03/30/21............................. 13,524 13,214,675 # 1.875%, 09/07/21............................. 54,502 52,028,966 2.375%, 01/18/22............................. GBP 1,000 1,418,592 0.250%, 02/28/22............................. EUR 61,916 74,601,659 2.625%, 08/23/22............................. EUR 10,905 14,409,198 2.750%, 12/05/22............................. GBP 5,000 7,247,007 1.125%, 12/14/22............................. EUR 53,008 65,977,625 Sweden Government Bond 3.500%, 06/01/22............................. SEK 2,833,000 372,605,669 -------------- TOTAL SWEDEN....................................... 1,255,871,672 -------------- SWITZERLAND -- (0.6%) Nestle Finance International, Ltd. 2.125%, 09/10/21............................. EUR 8,723 11,254,652 0.750%, 11/08/21............................. EUR 5,762 7,111,993 1.750%, 09/12/22............................. EUR 12,765 16,400,137 Nestle Holdings, Inc. 2.375%, 01/18/22............................. 23,872 23,251,209 Novartis Capital Corp. # 2.400%, 05/17/22............................. 24,915 24,199,547 -------------- TOTAL SWITZERLAND.................................. 82,217,538 -------------- UNITED KINGDOM -- (0.1%) Transport for London 2.250%, 08/09/22............................. GBP 9,919 14,104,118 -------------- UNITED STATES -- (17.2%) 3M Co. 0.375%, 02/15/22............................. EUR 54,527 66,327,732 Apple, Inc. # 2.250%, 02/23/21............................. 46,671 45,882,002 # 2.850%, 05/06/21............................. 14,915 14,864,629 # 1.550%, 08/04/21............................. 1,125 1,074,848 # 2.500%, 02/09/22............................. 98,478 96,499,498
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) # 2.300%, 05/11/22............................. 41,500 $ 40,203,392 3.700%, 08/28/22............................. AUD 6,700 5,194,237 # 2.100%, 09/12/22............................. 5,415 5,190,115 1.000%, 11/10/22............................. EUR 22,061 27,497,493 Berkshire Hathaway, Inc. # 2.200%, 03/15/21............................. 78,352 76,970,035 3.400%, 01/31/22............................. 39,959 40,521,966 0.750%, 03/16/23............................. EUR 9,778 11,906,435 Chevron Corp. # 2.100%, 05/16/21............................. 63,875 62,301,258 # 2.411%, 03/03/22............................. 12,500 12,181,507 # 2.498%, 03/03/22............................. 78,872 77,223,467 Cisco Systems, Inc. # 2.200%, 02/28/21............................. 49,558 48,651,004 1.850%, 09/20/21............................. 98,393 94,603,918 Coca-Cola Co. (The) # 1.550%, 09/01/21............................. 41,859 39,934,745 # 3.300%, 09/01/21............................. 27,889 28,203,481 # 2.200%, 05/25/22............................. 30,592 29,597,653 1.125%, 09/22/22............................. EUR 18,126 22,636,591 0.750%, 03/09/23............................. EUR 25,090 30,727,735 Colgate-Palmolive Co. 2.300%, 05/03/22............................. 30,897 30,030,546 Exxon Mobil Corp. # 2.222%, 03/01/21............................. 62,386 61,368,397 # 2.397%, 03/06/22............................. 8,717 8,519,994 GE Capital European Funding Unlimited Co. 4.350%, 11/03/21............................. EUR 2,462 3,391,091 0.800%, 01/21/22............................. EUR 7,300 8,927,381 GE Capital International Funding Co., Unlimited Co. # 2.342%, 11/15/20............................. 45,178 44,160,677 General Electric Co. 0.375%, 05/17/22............................. EUR 31,000 37,213,222 0.375%, 05/17/22............................. EUR 27,162 32,605,985 # 2.700%, 10/09/22............................. 9,197 8,872,090 International Business Machines Corp. 2.250%, 02/19/21............................. 14,122 13,876,156 # 2.500%, 01/27/22............................. 176,310 171,748,520 Johnson & Johnson 0.250%, 01/20/22............................. EUR 38,073 46,160,114 # 2.250%, 03/03/22............................. 60,800 59,163,276 Merck & Co., Inc. 1.125%, 10/15/21............................. EUR 20,598 25,639,888 # 2.350%, 02/10/22............................. 87,933 85,614,665 Microsoft Corp. 2.125%, 12/06/21............................. EUR 9,419 12,149,818 # 2.400%, 02/06/22............................. 8,922 8,720,671 2.375%, 02/12/22............................. 63,194 61,627,846 Oracle Corp. # 2.800%, 07/08/21............................. 108,678 108,151,618 1.900%, 09/15/21............................. 221,610 213,820,533 # 2.500%, 05/15/22............................. 61,818 60,323,900
31 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Pfizer, Inc. # 1.950%, 06/03/21............................. 117,677 $114,471,216 # 2.200%, 12/15/21............................. 61,477 59,995,528 0.250%, 03/06/22............................. EUR 88,008 106,192,240 Procter & Gamble Co. (The) # 1.700%, 11/03/21............................. 53,050 50,854,540 2.000%, 11/05/21............................. EUR 4,957 6,368,701 2.300%, 02/06/22............................. 12,000 11,697,978 # 2.150%, 08/11/22............................. 114,947 110,698,467 2.000%, 08/16/22............................. EUR 13,733 17,767,000 Toyota Motor Credit Corp. 2.375%, 02/01/23............................. EUR 7,704 10,131,718 US Bank NA 2.850%, 01/23/23............................. 8,784 8,634,729 Walmart, Inc. 1.900%, 04/08/22............................. EUR 5,000 6,401,739
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) 1.900%, 04/08/22............................. EUR 3,500 $ 4,481,218 --------------- TOTAL UNITED STATES................................ 2,487,975,203 --------------- TOTAL BONDS........................................ 14,395,024,653 --------------- TOTAL INVESTMENT SECURITIES........................ 14,395,024,653 --------------- SHARES ------ SECURITIES LENDING COLLATERAL -- (0.4%) (S)@ DFA Short Term Investment Fund................... 4,953,440 57,311,297 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $14,663,701,561)............................... $14,452,335,950 ===============
At April 30, 2018, DFA Five-Year Global Fixed Income Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying financial statements:
UNREALIZED FOREIGN EXCHANGE SETTLEMENT APPRECIATION CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION) ------------------ --------------- ----------------------------- ---------- -------------- CAD 151,305,843 USD 117,629,422 HSBC Bank 05/02/18 $ 216,969 EUR 114,159,861 USD 137,728,164 JP Morgan 05/02/18 131,246 EUR 15,000,000 USD 18,095,850 Barclays Capital 05/02/18 18,145 USD 7,169,626 SEK 60,663,387 Citibank, N.A. 05/02/18 241,933 Morgan Stanley and Co. USD 11,667,634 SEK 97,892,900 International 05/02/18 488,370 USD 13,069,142 SEK 109,104,462 Bank of America Corp. 05/02/18 609,530 USD 16,600,088 EUR 13,503,408 State Street Bank and Trust 05/02/18 293,377 USD 21,218,757 CAD 26,703,418 State Street Bank and Trust 05/02/18 420,476 USD 23,797,098 EUR 19,326,869 JP Morgan 05/02/18 457,977 USD 29,489,059 EUR 23,980,674 ANZ Securities 05/02/18 530,005 USD 42,353,766 EUR 34,000,000 HSBC Bank 05/02/18 1,295,377 USD 47,549,028 EUR 38,348,910 JP Morgan 05/02/18 1,238,897 USD 84,278,357 SEK 689,888,729 State Street Bank and Trust 05/02/18 5,493,807 USD 15,405,950 EUR 12,395,138 JP Morgan 05/03/18 437,586 USD 22,000,885 EUR 17,868,032 JP Morgan 05/03/18 423,456 USD 23,399,611 EUR 18,997,806 State Street Bank and Trust 05/03/18 457,867 USD 25,089,504 EUR 20,251,338 UBS AG 05/03/18 633,995 USD 31,721,038 EUR 25,343,505 JP Morgan 05/03/18 1,116,230 USD 43,859,631 EUR 35,503,723 UBS AG 05/03/18 985,347 Morgan Stanley and Co. USD 109,895,789 SEK 904,590,922 International 05/03/18 6,592,480 USD 11,271,114 EUR 9,113,427 National Australia Bank Ltd. 05/04/18 264,975 USD 13,307,724 EUR 10,759,542 UBS AG 05/04/18 313,598 USD 27,788,406 EUR 22,478,819 UBS AG 05/04/18 641,098 USD 95,179,564 EUR 76,872,600 National Australia Bank Ltd. 05/04/18 2,341,761 USD 144,863,365 EUR 117,321,736 UBS AG 05/07/18 3,146,130 USD 7,284,122 EUR 5,845,009 JP Morgan 05/08/18 223,228 USD 42,257,429 EUR 33,905,947 State Street Bank and Trust 05/08/18 1,298,332 USD 52,958,745 EUR 42,771,864 Barclays Capital 05/08/18 1,289,434
32 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED
UNREALIZED FOREIGN EXCHANGE SETTLEMENT APPRECIATION CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION) ------------------ --------------- ----------------------------- ---------- -------------- USD 54,792,635 EUR 44,236,937 State Street Bank and Trust 05/08/18 $1,353,485 USD 56,258,821 EUR 45,495,055 JP Morgan 05/09/18 1,296,002 USD 84,044,778 EUR 67,971,772 State Street Bank and Trust 05/09/18 1,927,717 Morgan Stanley and Co. USD 9,247,111 GBP 6,487,855 International 05/10/18 312,166 USD 131,707,716 GBP 93,779,685 State Street Bank and Trust 05/10/18 2,556,203 USD 143,642,128 EUR 115,875,562 UBS AG 05/10/18 3,642,471 USD 140,069,045 EUR 113,194,425 UBS AG 05/11/18 3,298,902 USD 3,228,411 SGD 4,246,227 JP Morgan 05/14/18 25,446 USD 4,227,185 SGD 5,566,829 Citibank, N.A. 05/14/18 28,079 USD 6,261,678 SGD 8,262,473 JP Morgan 05/14/18 29,225 USD 14,735,740 EUR 12,000,000 State Street Bank and Trust 05/14/18 233,304 USD 60,635,638 EUR 48,765,446 Bank of America Corp. 05/14/18 1,700,824 USD 71,901,747 EUR 58,162,695 JP Morgan 05/14/18 1,610,016 USD 9,827,174 EUR 8,000,000 State Street Bank and Trust 05/15/18 158,190 USD 138,856,159 EUR 112,187,189 Citibank, N.A. 05/15/18 3,264,137 USD 6,617,596 EUR 5,360,048 JP Morgan 05/16/18 138,854 USD 12,533,241 EUR 10,216,145 State Street Bank and Trust 05/16/18 184,887 USD 19,271,998 EUR 15,548,059 Citibank, N.A. 05/16/18 478,907 USD 24,590,138 EUR 20,000,000 State Street Bank and Trust 05/16/18 415,943 USD 25,057,737 EUR 20,361,764 Citibank, N.A. 05/16/18 446,274 USD 51,948,481 EUR 41,890,068 State Street Bank and Trust 05/16/18 1,315,547 USD 141,985,924 EUR 115,056,921 Barclays Capital 05/17/18 2,905,523 USD 150,770,703 EUR 122,236,182 Barclays Capital 05/18/18 3,001,434 USD 6,077,229 EUR 4,895,385 UBS AG 05/21/18 158,006 USD 6,747,431 EUR 5,465,753 State Street Bank and Trust 05/21/18 138,551 USD 7,448,460 EUR 6,000,000 UBS AG 05/21/18 193,599 USD 7,851,972 EUR 6,489,769 JP Morgan 05/21/18 4,910 USD 11,453,960 EUR 9,161,966 UBS AG 05/21/18 375,828 USD 30,740,133 EUR 25,000,000 State Street Bank and Trust 05/21/18 511,545 USD 77,414,915 EUR 62,598,678 Citibank, N.A. 05/21/18 1,724,130 USD 7,917,571 EUR 6,433,158 State Street Bank and Trust 05/22/18 138,402 USD 30,739,342 EUR 25,000,000 State Street Bank and Trust 05/22/18 508,585 USD 31,835,853 EUR 25,751,787 UBS AG 05/22/18 696,012 USD 75,451,907 EUR 61,000,000 State Street Bank and Trust 05/22/18 1,688,859 USD 141,236,245 EUR 113,924,315 Citibank, N.A. 05/23/18 3,465,623 USD 145,758,175 EUR 117,004,543 UBS AG 05/24/18 4,252,424 USD 146,953,381 EUR 118,218,344 State Street Bank and Trust 05/25/18 3,969,390 Morgan Stanley and Co. USD 146,161,613 EUR 117,632,980 International 06/25/18 3,529,727 USD 145,244,304 EUR 117,367,427 Bank of America Corp. 06/26/18 2,922,330 USD 54,723,647 SEK 474,997,863 Bank of America Corp. 06/27/18 245,988 USD 147,108,691 EUR 117,964,708 National Australia Bank Ltd. 06/27/18 4,050,305 USD 57,472,014 SEK 498,519,205 Bank of America Corp. 06/28/18 291,787 USD 148,128,313 EUR 119,583,204 Bank of America Corp. 06/28/18 3,094,834 USD 12,333,558 EUR 10,000,000 JP Morgan 07/02/18 201,191 USD 136,185,009 EUR 110,363,494 State Street Bank and Trust 07/02/18 2,287,972 USD 146,443,396 EUR 118,485,010 JP Morgan 07/03/18 2,680,833 USD 65,257,691 EUR 52,794,285 JP Morgan 07/05/18 1,190,401 USD 79,656,989 EUR 64,552,551 State Street Bank and Trust 07/05/18 1,320,726 USD 140,402,057 AUD 182,564,865 Bank of America Corp. 07/05/18 2,927,550 USD 7,977,689 CAD 10,221,581 State Street Bank and Trust 07/06/18 4,228 USD 87,546,386 AUD 113,857,632 JP Morgan 07/06/18 1,808,955 USD 105,519,702 SEK 912,976,296 Citibank, N.A. 07/06/18 731,769 USD 106,109,835 CAD 135,435,973 Citibank, N.A. 07/06/18 461,458
33 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED
UNREALIZED FOREIGN EXCHANGE SETTLEMENT APPRECIATION CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION) ------------------ ----------------- ---------------------------- ---------- -------------- USD 145,892,006 EUR 118,332,584 State Street Bank and Trust 07/06/18 $2,281,136 USD 1,602,458 EUR 1,290,703 State Street Bank and Trust 07/09/18 35,671 USD 3,458,797 EUR 2,800,000 Citibank, N.A. 07/09/18 59,872 USD 3,475,515 EUR 2,813,551 UBS AG 07/09/18 60,140 USD 8,778,451 EUR 7,055,885 State Street Bank and Trust 07/09/18 213,299 USD 10,219,453 EUR 8,240,620 State Street Bank and Trust 07/09/18 216,150 USD 10,887,252 EUR 8,931,285 State Street Bank and Trust 07/09/18 45,549 USD 45,113,767 EUR 36,761,574 UBS AG 07/09/18 488,826 USD 57,266,828 EUR 46,306,018 State Street Bank and Trust 07/09/18 1,055,869 USD 115,213,606 CAD 145,591,090 JP Morgan 07/09/18 1,636,557 USD 136,674,274 GBP 96,049,881 UBS AG 07/09/18 3,999,351 USD 70,683,705 EUR 56,712,019 UBS AG 07/10/18 1,835,567 USD 71,044,971 EUR 57,000,000 UBS AG 07/10/18 1,847,225 USD 9,569,568 EUR 7,686,184 Citibank, N.A. 07/11/18 237,854 USD 39,403,410 EUR 32,003,601 State Street Bank and Trust 07/11/18 548,180 USD 76,790,798 EUR 61,935,405 UBS AG 07/11/18 1,595,685 USD 121,189,152 CAD 152,442,744 Citibank, N.A. 07/11/18 2,262,133 USD 126,105,928 SEK 1,054,863,096 UBS AG 07/11/18 4,985,481 USD 138,468,087 GBP 97,163,510 State Street Bank and Trust 07/11/18 4,242,303 USD 10,994,660 EUR 8,850,807 JP Morgan 07/12/18 248,160 USD 14,572,122 EUR 12,000,000 Citibank, N.A. 07/12/18 1,925 USD 17,420,783 EUR 14,225,954 Citibank, N.A. 07/12/18 147,871 USD 26,751,506 EUR 21,984,154 UBS AG 07/12/18 58,718 USD 76,769,349 EUR 61,936,719 State Street Bank and Trust 07/12/18 1,566,833 USD 14,234,251 SEK 119,043,403 Barclays Capital 07/13/18 563,431 USD 36,815,424 CAD 46,116,171 JP Morgan 07/13/18 836,762 USD 98,917,456 SEK 826,849,726 Citibank, N.A. 07/13/18 3,962,900 USD 100,204,705 CAD 125,956,322 JP Morgan 07/13/18 1,936,791 USD 141,129,648 EUR 113,764,286 ANZ Securities 07/13/18 2,988,309 USD 6,509,040 CAD 8,341,315 State Street Bank and Trust 07/16/18 954 USD 103,065,357 CAD 129,687,283 Citibank, N.A. 07/16/18 1,880,354 USD 147,937,354 EUR 118,871,654 State Street Bank and Trust 07/16/18 3,560,801 USD 23,689,861 CAD 30,157,051 UBS AG 07/17/18 160,148 USD 73,024,028 AUD 93,990,594 State Street Bank and Trust 07/17/18 2,240,934 USD 101,051,130 CAD 126,671,067 JP Morgan 07/17/18 2,217,401 USD 142,864,876 EUR 114,855,400 State Street Bank and Trust 07/17/18 3,355,519 USD 39,853,916 SEK 332,343,400 State Street Bank and Trust 07/18/18 1,673,033 USD 40,776,529 SEK 340,000,000 State Street Bank and Trust 07/18/18 1,716,027 USD 40,792,331 SEK 340,000,000 State Street Bank and Trust 07/18/18 1,731,829 USD 73,066,142 AUD 94,016,230 Barclays Capital 07/18/18 2,263,196 USD 112,155,667 CAD 140,660,703 State Street Bank and Trust 07/18/18 2,404,402 USD 147,800,001 EUR 118,502,004 UBS AG 07/18/18 3,850,167 USD 73,958,694 AUD 95,045,999 Citibank, N.A. 07/19/18 2,379,684 USD 147,633,278 EUR 118,537,254 JP Morgan 07/19/18 3,629,497 USD 73,544,603 AUD 95,583,849 HSBC Bank 07/20/18 1,559,984 Morgan Stanley and Co. USD 140,574,966 CAD 178,104,940 International 07/20/18 1,601,877 USD 147,468,077 EUR 119,041,742 Citibank, N.A. 07/20/18 2,840,247 USD 100,012,646 CAD 127,636,139 JP Morgan 07/23/18 413,550 USD 144,577,876 EUR 117,283,097 State Street Bank and Trust 07/23/18 2,053,640 USD 143,801,594 EUR 116,918,367 State Street Bank and Trust 07/24/18 1,709,600 USD 117,412,735 SEK 997,648,139 Citibank, N.A. 07/25/18 2,736,355 USD 144,244,394 EUR 117,571,596 State Street Bank and Trust 07/25/18 1,347,478 USD 82,179,541 AUD 108,531,542 Citibank, N.A. 07/26/18 440,176 USD 106,540,242 SEK 909,271,105 UBS AG 07/26/18 2,014,338
34 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED
UNREALIZED FOREIGN EXCHANGE SETTLEMENT APPRECIATION CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION) ------------------ --------------- ---------------------------- ---------- -------------- USD 138,734,905 EUR 113,194,160 State Street Bank and Trust 07/26/18 $ 1,147,702 ------------ TOTAL APPRECIATION $198,388,521 Morgan Stanley and Co. EUR 118,359,542 USD 142,935,717 International 05/03/18 $ (4,774) EUR 12,000,000 USD 14,493,120 Citibank, N.A. 05/03/18 (1,924) GBP 5,117,084 USD 7,146,760 Bank of America Corp. 07/11/18 (77,804) SEK 500,000,000 USD 57,400,339 Bank of America Corp. 05/02/18 (300,877) SEK 457,549,478 USD 52,495,893 Bank of America Corp. 05/02/18 (244,235) SEK 904,590,922 USD 104,023,795 Citibank, N.A. 05/03/18 (720,486) SGD 8,835,276 USD 6,705,783 JP Morgan 05/14/18 (41,260) SGD 4,895,816 USD 3,719,753 Bank of America Corp. 05/14/18 (26,798) SGD 2,396,566 USD 1,820,938 Citibank, N.A. 05/14/18 (13,188) SGD 1,947,871 USD 1,489,204 Citibank, N.A. 05/14/18 (19,908) USD 96,729,035 CAD 124,602,425 State Street Bank and Trust 05/02/18 (319,075) USD 138,231,883 EUR 114,159,861 JP Morgan 06/22/18 (153,568) USD 23,012,429 CAD 29,511,311 HSBC Bank 06/28/18 (3,634) USD 119,104,155 CAD 153,016,431 HSBC Bank 06/29/18 (237,610) Morgan Stanley and Co. USD 143,531,445 EUR 118,359,542 International 06/29/18 (30,129) USD 18,194,149 EUR 15,000,000 Barclays Capital 07/11/18 (17,190) USD 19,544,859 CAD 25,077,286 UBS AG 07/23/18 (23,854) ------------ TOTAL (DEPRECIATION) $ (2,236,314) ------------ TOTAL APPRECIATION (DEPRECIATION) $196,152,207 ============
35 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- --------------- ------- --------------- Bonds Australia.......... -- $ 1,388,912,843 -- $ 1,388,912,843 Austria............ -- 443,361,385 -- 443,361,385 Belgium............ -- 275,760,341 -- 275,760,341 Canada............. -- 2,410,096,585 -- 2,410,096,585 Denmark............ -- 40,109,809 -- 40,109,809 Finland............ -- 491,884,609 -- 491,884,609 France............. -- 1,180,337,518 -- 1,180,337,518 Germany............ -- 1,085,901,996 -- 1,085,901,996 Japan.............. -- 380,259,048 -- 380,259,048 Luxembourg......... -- 18,480,278 -- 18,480,278 Netherlands........ -- 1,418,104,482 -- 1,418,104,482 Norway............. -- 171,101,269 -- 171,101,269 Singapore.......... -- 8,718,399 -- 8,718,399 Supranational Organization Obligations...... -- 1,241,827,560 -- 1,241,827,560 Sweden............. -- 1,255,871,672 -- 1,255,871,672 Switzerland........ -- 82,217,538 -- 82,217,538 United Kingdom..... -- 14,104,118 -- 14,104,118 United States...... -- 2,487,975,203 -- 2,487,975,203 Securities Lending Collateral......... -- 57,311,297 -- 57,311,297 Forward Currency Contracts**........ -- 196,152,207 -- 196,152,207 -- --------------- -- --------------- TOTAL............... -- $14,648,488,157 -- $14,648,488,157 == =============== == ===============
**Valued at the unrealized appreciation/(depreciation) on the investment. See accompanying Notes to Financial Statements. 36 DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT^ VALUE+ - ------- ------ (000) BONDS -- (99.6%) AUSTRALIA -- (0.4%) Australia Government Bond 3.250%, 04/21/29............................. AUD 5,000 $ 3,921,930 ------------ AUSTRIA -- (3.9%) Austria Government Bond ## 4.850%, 03/15/26............................. EUR 3,950 6,401,365 ## 0.750%, 10/20/26............................. EUR 18,100 22,162,773 Republic of Austria Government Bond ## 0.750%, 02/20/28............................. EUR 8,500 10,292,311 ------------ TOTAL AUSTRIA.................................... 38,856,449 ------------ BELGIUM -- (3.9%) Belgium Government Bond ## 1.000%, 06/22/31............................. EUR 31,300 37,604,344 Kingdom of Belgium Government Bond ## 0.800%, 06/22/27............................. EUR 1,300 1,584,304 ------------ TOTAL BELGIUM.................................... 39,188,648 ------------ CANADA -- (11.7%) Alberta, Province of Canada 2.900%, 09/20/29............................. CAD 10,300 7,880,128 3.500%, 06/01/31............................. CAD 5,000 4,058,803 British Columbia, Province of Canada 5.700%, 06/18/29............................. CAD 21,958 21,555,079 Manitoba, Province of Canada 3.250%, 09/05/29............................. CAD 32,700 25,757,601 Ontario, Province of Canada 1.875%, 05/21/24............................. EUR 4,300 5,607,044 6.500%, 03/08/29............................. CAD 9,600 9,861,019 Quebec, Province of Canada 0.875%, 05/04/27............................. EUR 24,763 29,771,077 Saskatchewan, Province of Canada 6.400%, 09/05/31............................. CAD 13,000 13,750,972 ------------ TOTAL CANADA..................................... 118,241,723 ------------ DENMARK -- (3.9%) Denmark Government Bond 0.500%, 11/15/27............................. DKK 244,500 39,335,028 ------------ FINLAND -- (3.9%) Finland Government Bond ## 2.750%, 07/04/28............................. EUR 26,850 38,878,318 ------------
FACE AMOUNT^ VALUE+ - ------- ------ (000) FRANCE -- (23.7%) Agence Francaise de Developpement 0.250%, 07/21/26.............................. EUR 4,000 $ 4,623,107 0.875%, 05/25/31.............................. EUR 5,500 6,349,559 Caisse d'Amortissement de la Dette Sociale 4.000%, 12/15/25.............................. EUR 8,200 12,495,536 Dexia Credit Local SA 1.000%, 10/18/27.............................. EUR 32,450 39,173,286 France Government Bond OAT 3.500%, 04/25/26.............................. EUR 14,800 22,135,418 2.750%, 10/25/27.............................. EUR 58,700 84,397,558 French Republic Government Bond OAT 3.500%, 04/25/26.............................. EUR 6,347 9,492,804 SNCF Mobilites Group 5.375%, 03/18/27.............................. GBP 8,031 13,996,998 SNCF Reseau 3.125%, 10/25/28.............................. EUR 6,600 9,671,165 5.250%, 12/07/28.............................. GBP 13,923 24,771,142 Unedic Asseo 1.500%, 04/20/32.............................. EUR 9,000 11,351,410 ------------ TOTAL FRANCE....................................... 238,457,983 ------------ GERMANY -- (7.7%) Deutsche Bahn Finance BV 3.125%, 07/24/26.............................. GBP 15,550 23,467,350 Kreditanstalt fuer Wiederaufbau 2.050%, 02/16/26.............................. JPY 399,000 4,239,744 2.050%, 02/16/26.............................. JPY 36,000 382,533 0.500%, 09/15/27.............................. EUR 29,900 35,344,357 State of North Rhine- Westphalia Germany 0.500%, 02/16/27.............................. EUR 12,000 14,214,588 ------------ TOTAL GERMANY...................................... 77,648,572 ------------ NETHERLANDS -- (4.1%) Bank Nederlandse Gemeenten NV 0.625%, 06/19/27.............................. EUR 10,125 12,039,349 Nederlandse Waterschapsbank NV 0.500%, 04/29/30.............................. EUR 2,500 2,803,992 Netherlands Government Bond 5.500%, 01/15/28.............................. EUR 15,250 26,942,730 ------------ TOTAL NETHERLANDS.................................. 41,786,071 ------------
37 DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) NORWAY -- (4.9%) Kommunalbanken A.S. 0.625%, 04/20/26............................. EUR 14,000 $ 16,758,160 Norway Government Bond ## 1.500%, 02/19/26............................. NOK 270,000 32,965,222 ------------ TOTAL NORWAY..................................... 49,723,382 ------------ SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (16.9%) Asian Development Bank 2.350%, 06/21/27............................. JPY 2,660,000 29,338,885 European Financial Stability Facility 0.875%, 07/26/27............................. EUR 32,000 39,035,920 European Investment Bank 1.250%, 05/12/25............................. SEK 50,000 5,839,619 1.250%, 05/12/25............................. SEK 25,000 2,919,810 1.900%, 01/26/26............................. JPY 1,721,000 18,066,800 2.150%, 01/18/27............................. JPY 145,000 1,571,038 6.000%, 12/07/28............................. GBP 1,300 2,512,741 5.625%, 06/07/32............................. GBP 1,800 3,603,816 European Stability Mechanism 0.750%, 03/15/27............................. EUR 32,500 39,524,387 European Union 3.000%, 09/04/26............................. EUR 9,925 14,378,976 2.875%, 04/04/28............................. EUR 9,460 13,760,273 ------------ TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS..... 170,552,265 ------------
FACE AMOUNT^ VALUE+ - ------- ------ (000) SWEDEN -- (3.7%) Sweden Government Bond 2.250%, 06/01/32............................. SEK 282,000 $ 37,239,014 -------------- UNITED KINGDOM -- (10.9%) Network Rail Infrastructure Finance P.L.C. 4.375%, 12/09/30............................. GBP 1,200 2,111,314 United Kingdom Gilt 4.750%, 12/07/30............................. GBP 56,450 105,415,766 4.250%, 06/07/32............................. GBP 1,400 2,547,440 -------------- TOTAL UNITED KINGDOM............................. 110,074,520 -------------- TOTAL BONDS...................................... 1,003,903,903 -------------- U.S. TREASURY OBLIGATIONS -- (0.4%) U.S. Treasury Bonds 5.375%, 02/15/31............................. 2,850 3,575,971 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $979,235,460)............................ $1,007,479,874 ==============
At April 30, 2018, DFA World ex U.S. Government Fixed Income Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying financial statements:
UNREALIZED FOREIGN EXCHANGE SETTLEMENT APPRECIATION CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION) ------------------ --------------- ---------------------------- ---------- -------------- USD 73,984,989 GBP 52,557,322 Citibank, N.A. 05/08/18 $1,610,438 USD 40,407,535 NOK 315,563,244 JP Morgan 07/06/18 978,877 USD 37,023 EUR 29,840 Citibank, N.A. 07/11/18 795 USD 3,298,784 EUR 2,656,828 UBS AG 07/11/18 73,158 USD 139,548,320 EUR 112,569,289 State Street Bank and Trust 07/11/18 2,879,151 USD 6,162,247 EUR 5,071,872 State Street Bank and Trust 07/13/18 3,590 USD 140,986,015 EUR 113,302,972 State Street Bank and Trust 07/13/18 3,404,839 USD 4,088,331 AUD 5,263,523 Bank of America Corp. 07/17/18 124,440 USD 116,709,745 GBP 81,718,394 State Street Bank and Trust 07/17/18 3,788,717 USD 6,962,721 EUR 5,718,717 UBS AG 07/19/18 15,395 USD 85,829,090 CAD 107,975,682 State Street Bank and Trust 07/19/18 1,578,742 USD 141,153,922 EUR 113,280,015 UBS AG 07/19/18 3,536,844 USD 11,133,038 EUR 9,061,181 UBS AG 07/20/18 124,304 USD 140,315,371 EUR 113,270,462 UBS AG 07/20/18 2,699,264 USD 40,161,567 DKK 242,740,250 State Street Bank and Trust 07/23/18 564,086
38 DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO CONTINUED
UNREALIZED FOREIGN EXCHANGE SETTLEMENT APPRECIATION CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION) ------------------ ----------------- --------------- ---------- -------------- USD 54,759,015 JPY 5,887,389,159 Citibank, N.A. 07/23/18 $ 596,323 USD 47,106,898 SEK 400,516,645 UBS AG 07/25/18 1,068,824 ----------- TOTAL APPRECIATION $23,047,787 EUR 2,067,765 USD 2,547,228 JP Morgan 07/20/18 $ (35,031) GBP 3,748,387 USD 5,343,266 JP Morgan 07/17/18 (163,628) NOK 50,263,097 USD 6,322,921 UBS AG 07/06/18 (42,701) ----------- TOTAL (DEPRECIATION) $ (241,360) ----------- TOTAL APPRECIATION (DEPRECIATION) $22,806,427 ===========
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Bonds Australia.............................. -- $ 3,921,930 -- $ 3,921,930 Austria................................ -- 38,856,449 -- 38,856,449 Belgium................................ -- 39,188,648 -- 39,188,648 Canada................................. -- 118,241,723 -- 118,241,723 Denmark................................ -- 39,335,028 -- 39,335,028 Finland................................ -- 38,878,318 -- 38,878,318 France................................. -- 238,457,983 -- 238,457,983 Germany................................ -- 77,648,572 -- 77,648,572 Netherlands............................ -- 41,786,071 -- 41,786,071 Norway................................. -- 49,723,382 -- 49,723,382 Supranational Organization Obligations. -- 170,552,265 -- 170,552,265 Sweden................................. -- 37,239,014 -- 37,239,014 United Kingdom......................... -- 110,074,520 -- 110,074,520 U.S. Treasury Obligations................ -- 3,575,971 -- 3,575,971 Forward Currency Contracts**............. -- 22,806,427 -- 22,806,427 -- -------------- -- -------------- TOTAL.................................... -- $1,030,286,301 -- $1,030,286,301 == ============== == ==============
** Valued at the unrealized appreciation/(depreciation) on the investment. See accompanying Notes to Financial Statements. 39 DFA SHORT-TERM GOVERNMENT PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ---------- -------------- (000) U.S. TREASURY OBLIGATIONS -- (73.3%) U.S. Treasury Notes 1.750%, 09/30/19.................................................... $ 209,090 $ 207,170,619 3.625%, 02/15/20................................................... 134,000 136,690,468 1.875%, 06/30/20................................................... 102,000 100,593,516 2.000%, 09/30/20................................................... 127,000 125,293,438 1.750%, 10/31/20................................................... 60,000 58,785,937 1.625%, 11/30/20................................................... 181,000 176,616,406 3.625%, 02/15/21................................................... 112,000 115,031,875 1.250%, 03/31/21................................................... 141,000 135,552,774 1.375%, 04/30/21................................................... 147,500 142,124,317 3.125%, 05/15/21................................................... 54,000 54,729,843 1.125%, 06/30/21................................................... 94,000 89,608,438 1.125%, 07/31/21................................................... 90,000 85,661,719 1.125%, 08/31/21................................................... 51,000 48,463,945 1.250%, 10/31/21................................................... 39,000 37,127,695 1.875%, 02/28/22................................................... 28,000 27,139,219 1.875%, 03/31/22................................................... 27,000 26,146,758 1.750%, 05/31/22................................................... 45,000 43,284,375 1.750%, 06/30/22................................................... 62,000 59,582,968 -------------- TOTAL U.S. TREASURY OBLIGATIONS...................................... 1,669,604,310 -------------- AGENCY OBLIGATIONS -- (26.4%) Federal Home Loan Bank 2.000%, 09/13/19.................................................... 31,540 31,360,727 2.375%, 12/13/19................................................... 25,000 24,943,000 4.125%, 03/13/20................................................... 22,950 23,598,108 1.375%, 02/18/21................................................... 20,000 19,315,880 1.750%, 03/12/21................................................... 10,000 9,733,510 2.375%, 03/12/21................................................... 16,000 15,857,168 1.875%, 06/11/21................................................... 20,000 19,491,220 1.125%, 07/14/21................................................... 20,000 19,048,180 2.375%, 09/10/21................................................... 33,000 32,642,115 1.875%, 11/29/21................................................... 54,000 52,447,338 2.625%, 12/10/21................................................... 10,000 9,943,880 2.250%, 03/11/22................................................... 66,435 65,067,103 2.500%, 03/11/22................................................... 31,635 31,321,276 2.125%, 06/10/22................................................... 51,150 49,785,983 2.000%, 09/09/22................................................... 40,315 38,946,386 1.875%, 12/09/22................................................... 10,000 9,574,670 2.500%, 12/09/22................................................... 92,000 90,498,284 5.250%, 12/09/22................................................... 9,000 9,959,157 2.125%, 03/10/23................................................... 25,250 24,401,827 Tennessee Valley Authority 3.875%, 02/15/21.................................................... 22,000 22,692,670 -------------- TOTAL AGENCY OBLIGATIONS............................................. 600,628,482 -------------- TOTAL INVESTMENT SECURITIES.......................................... 2,270,232,792 -------------- SHARES ---------- TEMPORARY CASH INVESTMENTS -- (0.3%) State Street Institutional U.S. Government Money Market Fund, 1.630%. 6,202,147 6,202,147 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,333,263,502)............................................... $2,276,434,939 ==============
40 DFA SHORT-TERM GOVERNMENT PORTFOLIO CONTINUED Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- -------------- ------- -------------- U.S. Treasury Obligations.. -- $1,669,604,310 -- $1,669,604,310 Agency Obligations......... -- 600,628,482 -- 600,628,482 Temporary Cash Investments. $6,202,147 -- -- 6,202,147 ---------- -------------- -- -------------- TOTAL...................... $6,202,147 $2,270,232,792 -- $2,276,434,939 ========== ============== == ==============
See accompanying Notes to Financial Statements. 41 DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ -------- -------------- (000) AGENCY OBLIGATIONS -- (29.8%) Federal Farm Credit Bank 5.350%, 08/07/20......... $ 4,693 $ 4,972,844 3.650%, 12/21/20......... 30,822 31,576,183 5.250%, 03/02/21......... 4,273 4,565,807 5.220%, 02/22/22......... 3,503 3,803,883 5.210%, 12/19/22......... 14,851 16,324,902 5.250%, 03/06/23......... 4,203 4,642,029 5.220%, 05/15/23......... 33,694 37,276,178 3.500%, 12/20/23......... 6,000 6,159,300 Federal Home Loan Bank 3.375%, 06/12/20......... 2,965 3,012,923 2.875%, 09/11/20......... 5,295 5,317,160 4.625%, 09/11/20......... 17,970 18,802,245 3.125%, 12/11/20......... 4,205 4,247,079 5.250%, 12/11/20......... 5,290 5,640,727 1.750%, 03/12/21......... 28,330 27,575,034 5.000%, 03/12/21......... 3,645 3,879,031 2.250%, 06/11/21......... 49,035 48,182,477 3.625%, 06/11/21......... 7,030 7,219,676 5.625%, 06/11/21......... 25,905 28,107,314 2.375%, 09/10/21......... 27,565 27,266,058 3.000%, 09/10/21......... 21,875 22,076,250 2.625%, 12/10/21......... 75,370 74,947,024 5.000%, 12/10/21......... 31,875 34,232,921 2.250%, 03/11/22......... 7,005 6,860,767 2.500%, 03/11/22......... 7,705 7,628,590 5.250%, 06/10/22......... 5,780 6,343,920 5.750%, 06/10/22......... 13,660 15,238,536 2.000%, 09/09/22......... 11,365 10,979,181 5.375%, 09/30/22......... 44,400 49,100,006 5.250%, 12/09/22......... 10,510 11,630,082 2.125%, 03/10/23......... 10,000 9,664,090 4.750%, 03/10/23......... 34,465 37,324,492 3.250%, 06/09/23......... 24,520 24,942,234 2.500%, 12/08/23......... 25,000 24,425,150 3.250%, 03/08/24......... 20,000 20,279,820 2.875%, 06/14/24......... 61,000 60,673,223 5.375%, 08/15/24......... 29,950 33,983,307 5.365%, 09/09/24......... 1,400 1,587,433 2.875%, 09/13/24......... 71,500 70,898,256 2.750%, 12/13/24......... 20,000 19,651,160 4.375%, 03/13/26......... 14,080 15,156,219 5.750%, 06/12/26......... 8,080 9,591,437 3.000%, 09/11/26......... 45,885 45,351,908 2.500%, 12/10/27......... 39,130 36,763,457 Tennessee Valley Authority 3.875%, 02/15/21......... 74,241 76,578,478 1.875%, 08/15/22......... 89,450 86,030,237 2.875%, 09/15/24......... 117,875 116,624,110 6.750%, 11/01/25......... 47,282 58,766,278 2.875%, 02/01/27......... 135,706 131,666,439 7.125%, 05/01/30......... 15,000 20,585,670 -------------- TOTAL AGENCY OBLIGATIONS............... 1,428,151,525 --------------
FACE AMOUNT VALUE+ ----------- -------------- (000) U.S. TREASURY OBLIGATIONS -- (69.8%) U.S. Treasury Bonds 8.125%, 08/15/21............ $ 46,911 $ 54,951,604 7.250%, 08/15/22............ 65,541 77,524,919 6.250%, 08/15/23............ 100,259 117,162,158 7.500%, 11/15/24............ 92,352 117,853,928 6.875%, 08/15/25............ 75,630 95,402,478 6.000%, 02/15/26............ 88,833 107,931,609 6.750%, 08/15/26............ 98,183 125,907,935 6.625%, 02/15/27............ 98,828 127,201,802 5.250%, 11/15/28............ 95,132 114,797,689 5.250%, 02/15/29............ 98,750 119,580,441 6.125%, 08/15/29............ 102,528 133,546,725 6.250%, 05/15/30............ 107,289 142,782,913 5.375%, 02/15/31............ 100,000 125,472,656 U.S. Treasury Notes 2.000%, 10/31/21............ 64,843 63,330,646 1.500%, 02/28/23............ 94,000 88,528,907 1.500%, 03/31/23............ 89,000 83,708,672 1.250%, 07/31/23............ 77,000 71,113,711 1.625%, 10/31/23............ 74,000 69,473,281 2.750%, 11/15/23............ 87,000 86,605,781 2.750%, 02/15/24............ 105,538 104,932,180 2.500%, 05/15/24............ 75,000 73,447,266 2.125%, 07/31/24............ 11,000 10,524,766 2.250%, 11/15/24............ 85,500 82,210,254 2.250%, 12/31/24............ 45,000 43,221,094 2.500%, 01/31/25............ 50,000 48,761,719 2.000%, 02/15/25............ 80,000 75,525,000 2.125%, 05/15/25............ 80,000 75,971,875 2.000%, 08/15/25............ 144,000 135,281,249 2.250%, 11/15/25............ 112,000 106,850,625 1.625%, 02/15/26............ 109,000 99,083,555 1.625%, 05/15/26............ 103,000 93,331,679 1.500%, 08/15/26............ 183,000 163,642,031 2.000%, 11/15/26............ 129,300 120,087,375 2.250%, 02/15/27............ 70,000 66,229,297 2.250%, 08/15/27............ 131,000 123,580,079 -------------- TOTAL U.S. TREASURY OBLIGATIONS.................. 3,345,557,899 -------------- TOTAL INVESTMENT SECURITIES................... 4,773,709,424 -------------- SHARES ----------- TEMPORARY CASH INVESTMENTS -- (0.4%) State Street Institutional U.S. Government Money Market Fund, 1.630%........ 21,392,379 21,392,379 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $4,984,526,274)....... $4,795,101,803 ==============
42 DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- -------------- ------- -------------- Agency Obligations.. -- $1,428,151,525 -- $1,428,151,525 U.S. Treasury Obligations........ -- 3,345,557,899 -- 3,345,557,899 Temporary Cash Investments........ $21,392,379 -- -- 21,392,379 ----------- -------------- -- -------------- TOTAL............... $21,392,379 $4,773,709,424 -- $4,795,101,803 =========== ============== == ==============
See accompanying Notes to Financial Statements. 43 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT^ VALUE+ - ------- ------ (000) AGENCY OBLIGATIONS -- (0.2%) Federal Home Loan Bank # 1.375%, 02/18/21............................. 5,000 $ 4,828,970 Tennessee Valley Authority 1.750%, 10/15/18............................. 8,303 8,286,984 ----------- TOTAL AGENCY OBLIGATIONS......................... 13,115,954 ----------- BONDS -- (96.6%) 21st Century Fox America, Inc. 5.650%, 08/15/20............................. 4,210 4,426,496 4.500%, 02/15/21............................. 7,638 7,883,405 Abbott Laboratories # 2.000%, 03/15/20............................. 13,567 13,319,964 4.125%, 05/27/20............................. 3,000 3,059,746 # 2.800%, 09/15/20............................. 2,490 2,474,136 AbbVie, Inc. # 2.500%, 05/14/20............................. 24,891 24,593,343 Advance Auto Parts, Inc. 5.750%, 05/01/20............................. 2,825 2,952,897 Aetna, Inc. 2.200%, 03/15/19............................. 2,696 2,681,711 2.750%, 11/15/22............................. 2,000 1,925,446 Agence Francaise de Developpement 1.625%, 01/21/20............................. 25,000 24,504,450 Agilent Technologies, Inc. 5.000%, 07/15/20............................. 1,690 1,757,043 Air Products & Chemicals, Inc. 3.000%, 11/03/21............................. 5,000 4,968,343 Alberta, Province of Canada 1.900%, 12/06/19............................. 10,000 9,869,690 1.750%, 08/26/20............................. 15,000 14,624,490 1.350%, 09/01/21............................. CAD 20,000 15,082,830 Allergan Finance LLC 3.250%, 10/01/22............................. 9,500 9,200,451 Allergan Funding SCS # 3.450%, 03/15/22............................. 9,749 9,583,526 Alphabet, Inc. 3.625%, 05/19/21............................. 1,000 1,023,521 Altria Group, Inc. 2.625%, 01/14/20............................. 1,025 1,018,703 Amazon.com, Inc. # 2.600%, 12/05/19............................. 10,518 10,511,005 Ameren Corp. 2.700%, 11/15/20............................. 1,000 986,242 American Express Co. 2.500%, 08/01/22............................. 1,220 1,170,198 American Express Credit Corp. 2.600%, 09/14/20............................. 13,925 13,786,079
FACE AMOUNT^ VALUE+ - ------- ------ (000) American Honda Finance Corp. 1.375%, 11/10/22............................. EUR 5,000 $ 6,287,609 American International Group, Inc. # 2.300%, 07/16/19............................. 9,017 8,940,839 3.375%, 08/15/20............................. 3,000 3,003,373 6.400%, 12/15/20............................. 11,283 12,152,076 Ameriprise Financial, Inc. 5.300%, 03/15/20............................. 6,957 7,223,871 AmerisourceBergen Corp. # 3.500%, 11/15/21............................. 2,000 2,003,860 Amgen, Inc. # 2.200%, 05/22/19............................. 10,625 10,573,894 # 3.450%, 10/01/20............................. 4,990 5,038,353 4.100%, 06/15/21............................. 5,000 5,115,288 Amphenol Corp. 2.550%, 01/30/19............................. 452 451,471 Anglo American Capital P.L.C. ## 3.750%, 04/10/22............................. 3,143 3,113,864 Anheuser-Busch InBev Finance, Inc. 2.650%, 02/01/21............................. 5,000 4,941,749 Anthem, Inc. # 2.250%, 08/15/19............................. 8,485 8,400,272 ANZ New Zealand International, Ltd. 0.400%, 03/01/22............................. EUR 9,750 11,762,240 AP Moeller - Maersk A.S. ## 2.875%, 09/28/20............................. 3,000 2,961,180 Apache Corp. 6.900%, 09/15/18............................. 200 203,154 3.250%, 04/15/22............................. 19,465 19,206,607 Apple, Inc. 2.100%, 05/06/19............................. 27,000 26,934,932 # 2.000%, 05/06/20............................. 1,782 1,757,359 2.250%, 02/23/21............................. 4,000 3,932,378 # 2.850%, 05/06/21............................. 29,000 28,902,062 # 1.550%, 08/04/21............................. 10,000 9,554,200 # 2.500%, 02/09/22............................. 12,191 11,946,073 2.300%, 05/11/22............................. 11,657 11,292,794 Applied Materials, Inc. # 2.625%, 10/01/20............................. 1,590 1,576,443 Arizona Public Service Co. 8.750%, 03/01/19............................. 1,788 1,877,145 ASB Finance, Ltd. 0.500%, 06/10/22............................. EUR 2,200 2,652,814 Asian Development Bank 1.750%, 09/11/18............................. 7,409 7,396,877 1.875%, 04/12/19............................. 17,884 17,789,894 1.625%, 03/16/21............................. 6,000 5,807,492 Associated Banc-Corp 2.750%, 11/15/19............................. 447 443,337
44 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) AstraZeneca P.L.C. 2.375%, 11/16/20............................. 23,256 $22,868,377 AT&T, Inc. # 5.800%, 02/15/19............................. 3,751 3,837,251 # 4.600%, 02/15/21............................. 8,793 9,061,951 # 3.800%, 03/15/22............................. 11,600 11,708,966 Australia & New Zealand Banking Group, Ltd. 2.250%, 06/13/19............................. 35,154 34,979,630 2.700%, 11/16/20............................. 1,000 988,923 3.300%, 03/07/22............................. AUD 19,300 14,627,267 2.625%, 05/19/22............................. 10,000 9,698,683 Autodesk, Inc. # 3.125%, 06/15/20............................. 14,337 14,282,800 Banco Santander SA # 3.848%, 04/12/23............................. 25,400 25,197,952 Bank Nederlandse Gemeenten NV 4.375%, 02/16/21............................. 11,000 11,430,100 1.625%, 04/19/21............................. 46,168 44,496,441 ## 2.375%, 02/01/22............................. 19,000 18,560,872 2.375%, 02/01/22............................. 41,400 40,443,163 2.500%, 01/23/23............................. 10,000 9,751,000 Bank of America Corp. # 2.650%, 04/01/19............................. 4,255 4,255,948 # 2.625%, 10/19/20............................. 5,000 4,940,430 # 5.700%, 01/24/22............................. 12,571 13,598,023 Bank of Montreal 1.900%, 08/27/21............................. 32,954 31,533,024 Bank of New York Mellon Corp. (The) 5.450%, 05/15/19............................. 2,309 2,375,602 # 2.150%, 02/24/20............................. 15,585 15,378,513 Bank of Nova Scotia (The) 2.050%, 06/05/19............................. 1,788 1,773,814 2.350%, 10/21/20............................. 1,315 1,288,946 2.450%, 03/22/21............................. 37,679 36,861,178 2.700%, 03/07/22............................. 2,605 2,538,319 Barclays P.L.C. # 2.750%, 11/08/19............................. 26,424 26,242,124 1.500%, 04/01/22............................. EUR 1,764 2,187,996 BAT International Finance P.L.C. ## # 3.250%, 06/07/22............................. 7,350 7,226,849 Baxalta, Inc. 2.875%, 06/23/20............................. 4,024 3,982,234 Bayer U.S. Finance LLC ## # 2.375%, 10/08/19............................. 5,616 5,561,626 BB&T Corp. 2.050%, 05/10/21............................. 3,500 3,381,844 Beam Suntory, Inc. 1.750%, 06/15/18............................. 16,605 16,585,388 Berkshire Hathaway Finance Corp. # 2.900%, 10/15/20............................. 3,000 3,015,260 Berkshire Hathaway, Inc. 2.100%, 08/14/19............................. 18,152 18,068,470 2.200%, 03/15/21............................. 8,295 8,148,694
FACE AMOUNT^ VALUE+ - ------- ------ (000) Biogen, Inc. 2.900%, 09/15/20............................. 19,046 $18,954,645 3.625%, 09/15/22............................. 2,500 2,499,979 BlackRock, Inc. 5.000%, 12/10/19............................. 2,193 2,269,085 4.250%, 05/24/21............................. 2,850 2,949,861 BMW US Capital LLC 0.625%, 04/20/22............................. EUR 2,000 2,445,950 BNP Paribas SA 2.875%, 10/24/22............................. EUR 5,000 6,685,960 Booking Holdings, Inc. 0.800%, 03/10/22............................. EUR 7,866 9,606,146 Boston Scientific Corp. 2.850%, 05/15/20............................. 9,273 9,186,145 BP Capital Markets P.L.C. # 2.315%, 02/13/20............................. 14,259 14,125,174 BPCE SA 2.250%, 01/27/20............................. 13,175 12,959,035 1.125%, 12/14/22............................. EUR 2,500 3,107,921 British Telecommunications P.L.C. 0.500%, 06/23/22............................. EUR 1,600 1,928,828 Buckeye Partners L.P. 2.650%, 11/15/18............................. 889 889,089 Caisse d'Amortissement de la Dette Sociale 2.000%, 04/17/20............................. 17,000 16,756,679 2.000%, 03/22/21............................. 25,435 24,794,038 0.125%, 11/25/22............................. EUR 26,900 32,599,296 Canada Housing Trust No. 1 ## 1.750%, 06/15/22............................. CAD 20,000 15,215,702 Canadian Pacific Railway Co. 7.250%, 05/15/19............................. 2,576 2,693,148 Capital One Bank USA NA # 2.300%, 06/05/19............................. 4,471 4,436,667 Capital One Financial Corp. 2.450%, 04/24/19............................. 7,383 7,361,014 CBS Corp. # 2.300%, 08/15/19............................. 14,110 13,971,921 # 3.375%, 03/01/22............................. 5,000 4,952,701 Celgene Corp. 3.550%, 08/15/22............................. 7,000 6,946,411 Chevron Corp. 1.718%, 06/24/18............................. 633 632,482 1.961%, 03/03/20............................. 18,198 17,954,875 1.991%, 03/03/20............................. 1,500 1,480,453 # 2.419%, 11/17/20............................. 37,151 36,917,568 2.100%, 05/16/21............................. 25,500 24,871,735 # 2.498%, 03/03/22............................. 10,030 9,820,359 Chubb INA Holdings, Inc. 2.300%, 11/03/20............................. 8,000 7,854,560 2.875%, 11/03/22............................. 3,000 2,940,967 Cisco Systems, Inc. # 2.125%, 03/01/19............................. 2,144 2,139,162 4.450%, 01/15/20............................. 4,896 5,035,830
45 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) # 2.450%, 06/15/20............................. 3,395 $ 3,374,999 2.200%, 02/28/21............................. 57,736 56,679,333 # 1.850%, 09/20/21............................. 20,960 20,152,837 Citigroup, Inc. 2.500%, 09/26/18............................. 10,282 10,280,836 2.550%, 04/08/19............................. 1,942 1,938,802 Citizens Bank NA 2.450%, 12/04/19............................. 2,175 2,153,102 2.650%, 05/26/22............................. 7,635 7,374,178 CNA Financial Corp. 5.875%, 08/15/20............................. 1,000 1,056,354 Coca-Cola Co. (The) # 1.875%, 10/27/20............................. 16,673 16,295,510 # 3.150%, 11/15/20............................. 1,020 1,030,260 1.550%, 09/01/21............................. 2,500 2,385,075 # 3.300%, 09/01/21............................. 14,000 14,157,866 # 2.200%, 05/25/22............................. 20,425 19,761,116 Coca-Cola European Partners US LLC 3.500%, 09/15/20............................. 4,591 4,619,469 Comerica, Inc. 2.125%, 05/23/19............................. 2,057 2,044,498 Commonwealth Bank of Australia 2.500%, 09/20/18............................. 4,634 4,636,754 2.250%, 03/13/19............................. 2,000 1,993,495 # 2.300%, 09/06/19............................. 37,525 37,221,896 ## 2.250%, 03/10/20............................. 5,000 4,921,084 2.300%, 03/12/20............................. 4,500 4,440,105 # 2.400%, 11/02/20............................. 10,000 9,836,053 2.900%, 07/12/21............................. AUD 5,000 3,752,370 ## 2.000%, 09/06/21............................. 5,000 4,800,424 3.250%, 01/17/22............................. AUD 5,000 3,786,843 ## 2.750%, 03/10/22............................. 11,500 11,214,791 3.250%, 03/31/22............................. AUD 3,200 2,418,226 Constellation Brands, Inc. 2.700%, 05/09/22............................. 4,935 4,763,797 3.200%, 02/15/23............................. 3,944 3,859,233 Cooperatieve Rabobank UA 2.250%, 01/14/19............................. 7,577 7,559,515 2.500%, 01/19/21............................. 15,935 15,659,996 0.125%, 10/11/21............................. EUR 2,750 3,312,039 2.750%, 01/10/22............................. 5,928 5,796,272 4.000%, 01/11/22............................. EUR 2,500 3,433,918 # 3.875%, 02/08/22............................. 17,836 18,123,300 4.750%, 06/06/22............................. EUR 3,000 4,268,212 0.500%, 12/06/22............................. EUR 3,496 4,233,433 Corning, Inc. 4.250%, 08/15/20............................. 2,850 2,911,802 Costco Wholesale Corp. 1.700%, 12/15/19............................. 2 1,969 CPPIB Capital, Inc. ## 2.250%, 01/25/22............................. 25,400 24,724,330 2.250%, 01/25/22............................. 36,750 35,772,406 Credit Suisse AG # 2.300%, 05/28/19............................. 9,827 9,784,005
FACE AMOUNT^ VALUE+ - ------- ------ (000) Credit Suisse Group Funding Guernsey, Ltd. 1.250%, 04/14/22............................. EUR 10,220 $12,612,075 CVS Health Corp. # 2.250%, 12/05/18............................. 1,672 1,668,141 # 2.250%, 08/12/19............................. 5,370 5,325,429 Daimler Finance North America LLC ## 2.250%, 03/02/20............................. 9,750 9,597,813 Daiwa Securities Group, Inc. ## 3.129%, 04/19/22............................. 10,000 9,791,766 Danone SA ## 2.077%, 11/02/21............................. 5,000 4,786,400 Danske Bank A.S. ## 2.750%, 09/17/20............................. 15,822 15,633,820 Deutsche Bank AG # 2.500%, 02/13/19............................. 1,650 1,643,191 2.500%, 02/13/19............................. 5,942 5,917,513 # 3.125%, 01/13/21............................. 4,900 4,810,988 1.500%, 01/20/22............................. EUR 6,000 7,363,071 2.375%, 01/11/23............................. EUR 9,700 12,282,289 Deutsche Telekom International Finance BV 6.000%, 07/08/19............................. 3,774 3,911,778 ## 1.950%, 09/19/21............................. 2,535 2,421,017 Dexia Credit Local SA 0.625%, 01/21/22............................. EUR 750 924,312 0.250%, 06/02/22............................. EUR 8,000 9,701,663 0.750%, 01/25/23............................. EUR 1,200 1,481,360 Discovery Communications LLC ## # 2.750%, 11/15/19............................. 19,864 19,748,791 # 3.300%, 05/15/22............................. 6,000 5,906,006 ## # 3.500%, 06/15/22............................. 10,000 9,890,669 Dominion Energy Gas Holdings LLC 2.800%, 11/15/20............................. 5,000 4,950,290 Dominion Energy, Inc. 2.500%, 12/01/19............................. 7,881 7,786,368 Dow Chemical Co. (The) 4.250%, 11/15/20............................. 7,657 7,841,061 Dr Pepper Snapple Group, Inc. 2.700%, 11/15/22............................. 2,000 1,901,619 Dr. Pepper Snapple Group, Inc. 2.600%, 01/15/19............................. 939 937,774 2.000%, 01/15/20............................. 747 733,047 DTE Energy Co. 2.400%, 12/01/19............................. 18,342 18,091,782 Duke Energy Corp. 5.050%, 09/15/19............................. 586 601,626 DXC Technology Co. 4.450%, 09/18/22............................. 1,250 1,273,354 E*TRADE Financial Corp. # 2.950%, 08/24/22............................. 4,060 3,933,099
46 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) Eastman Chemical Co. 2.700%, 01/15/20............................. 3,756 $ 3,733,684 eBay, Inc. 2.200%, 08/01/19............................. 4,184 4,157,608 # 3.800%, 03/09/22............................. 1,636 1,653,911 EI du Pont de Nemours & Co. 4.625%, 01/15/20............................. 1,289 1,325,925 4.250%, 04/01/21............................. 3,035 3,122,853 2.800%, 02/15/23............................. 1,000 966,254 Electricite de France SA ## 2.350%, 10/13/20............................. 1,500 1,474,854 Electronic Arts, Inc. 3.700%, 03/01/21............................. 11,879 12,003,108 EMD Finance LLC ## 2.400%, 03/19/20............................. 1,755 1,730,343 Enbridge, Inc. # 2.900%, 07/15/22............................. 18,189 17,560,538 Enterprise Products Operating LLC # 5.250%, 01/31/20............................. 1,788 1,852,887 ERAC USA Finance LLC ## 2.350%, 10/15/19............................. 7,283 7,205,253 European Financial Stability Facility --%, 11/17/22................................ EUR 47,387 57,152,079 0.500%, 01/20/23............................. EUR 31,000 38,192,575 European Investment Bank 1.875%, 03/15/19............................. 4,471 4,450,933 1.625%, 03/16/20............................. 10,000 9,816,200 # 1.375%, 06/15/20............................. 6,000 5,838,480 # 2.875%, 09/15/20............................. 9,000 9,029,754 # 1.625%, 12/15/20............................. 8,000 7,775,276 # 2.000%, 03/15/21............................. 5,000 4,892,525 1.375%, 09/15/21............................. 48,000 45,749,613 European Stability Mechanism 0.0%, 10/18/22............................... EUR 14,800 17,849,938 Eversource Energy 2.500%, 03/15/21............................. 5,500 5,394,488 Exelon Corp. # 2.850%, 06/15/20............................. 1,399 1,385,000 2.450%, 04/15/21............................. 447 433,559 Exelon Generation Co. LLC 2.950%, 01/15/20............................. 7,064 7,038,380 Export Development Canada 1.375%, 10/21/21............................. 12,800 12,169,204 Express Scripts Holding Co. 2.250%, 06/15/19............................. 9,876 9,796,909 3.900%, 02/15/22............................. 1,000 1,003,730 Exxon Mobil Corp. # 1.819%, 03/15/19............................. 21,614 21,504,045 1.912%, 03/06/20............................. 8,143 8,033,979 2.222%, 03/01/21............................. 45,395 44,654,544 2.397%, 03/06/22............................. 1,035 1,011,609
FACE AMOUNT^ VALUE+ - ------- ------ (000) FedEx Corp. 2.300%, 02/01/20............................. 4,340 $ 4,292,086 1.000%, 01/11/23............................. EUR 5,000 6,141,369 Fidelity National Information Services, Inc. # 3.625%, 10/15/20............................. 6,415 6,479,137 2.250%, 08/15/21............................. 2,500 2,410,275 Fifth Third Bancorp 2.300%, 03/01/19............................. 9,444 9,411,090 FMS Wertmanagement 1.375%, 06/08/21............................. 10,000 9,564,397 Ford Motor Credit Co. LLC 5.000%, 05/15/18............................. 17,685 17,702,127 # 2.459%, 03/27/20............................. 5,365 5,284,408 # 3.157%, 08/04/20............................. 11,533 11,478,470 Fortune Brands Home & Security, Inc. 3.000%, 06/15/20............................. 6,500 6,442,448 French Republic Government Bond OAT 2.250%, 10/25/22............................. EUR 50,800 67,712,557 GATX Corp. 2.500%, 03/15/19............................. 6,103 6,084,857 GE Capital European Funding Unlimited Co. 4.350%, 11/03/21............................. EUR 2,463 3,392,468 0.800%, 01/21/22............................. EUR 1,750 2,140,126 GE Capital International Funding Co., Unlimited Co. # 2.342%, 11/15/20............................. 56,970 55,687,143 General Electric Co. 0.375%, 05/17/22............................. EUR 13,519 16,228,566 0.375%, 05/17/22............................. EUR 8,200 9,843,498 General Motors Financial Co., Inc. # 3.200%, 07/06/21............................. 12,709 12,557,189 # 3.450%, 01/14/22............................. 14,123 13,966,473 Gilead Sciences, Inc. # 4.500%, 04/01/21............................. 1,198 1,240,218 GlaxoSmithKline Capital, Inc. 2.800%, 03/18/23............................. 700 681,440 Goldcorp, Inc. # 3.625%, 06/09/21............................. 4,553 4,553,674 Goldman Sachs Group, Inc. (The) 7.500%, 02/15/19............................. 8,000 8,300,764 2.550%, 10/23/19............................. 5,500 5,475,091 2.750%, 09/15/20............................. 10,000 9,904,465 2.625%, 04/25/21............................. 502 491,309 Harley-Davidson Financial Services, Inc. ## 2.150%, 02/26/20............................. 21,047 20,648,635 Harris Corp. 2.700%, 04/27/20............................. 4,247 4,211,276
47 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) Hartford Financial Services Group, Inc. (The) 5.500%, 03/30/20............................. 4,600 $ 4,792,050 Hershey Co. (The) 4.125%, 12/01/20............................. 700 719,990 Hewlett Packard Enterprise Co. 3.600%, 10/15/20............................. 10,000 10,071,182 HSBC USA, Inc. 2.375%, 11/13/19............................. 2,683 2,654,751 2.350%, 03/05/20............................. 5,500 5,432,788 Humana, Inc. 2.625%, 10/01/19............................. 3,845 3,828,206 Huntington Bancshares, Inc. # 2.600%, 08/02/18............................. 16,084 16,087,743 Iberdrola Finance Ireland DAC ## 5.000%, 09/11/19............................. 6,662 6,824,848 Indiana Michigan Power Co. 7.000%, 03/15/19............................. 2,236 2,314,624 ING Bank NV ## 2.750%, 03/22/21............................. 6,000 5,917,942 Integrys Holding, Inc. 4.170%, 11/01/20............................. 1,000 1,020,942 Intel Corp. # 3.300%, 10/01/21............................. 5,000 5,047,898 Inter-American Development Bank # 1.875%, 06/16/20............................. 7,000 6,899,333 2.125%, 11/09/20............................. 35,000 34,526,380 International Bank for Reconstruction & Development # 1.375%, 05/24/21............................. 5,000 4,792,845 2.250%, 06/24/21............................. 6,000 5,898,588 2.600%, 09/20/22............................. AUD 12,000 8,992,416 International Business Machines Corp. 2.250%, 02/19/21............................. 4,000 3,930,366 2.500%, 01/27/22............................. 5,000 4,870,640 International Finance Corp. 0.875%, 06/15/18............................. 2,490 2,486,838 Intesa Sanpaolo SpA 0.875%, 06/27/22............................. EUR 18,581 22,626,062 ## # 3.125%, 07/14/22............................. 1,420 1,367,985 Italy Buoni Poliennali Del Tesoro 1.450%, 09/15/22............................. EUR 21,500 27,027,269 Japan Finance Organization for Municipalities 2.500%, 09/12/18............................. 6,886 6,883,108 2.125%, 03/06/19............................. 4,472 4,447,449 Jersey Central Power & Light Co. 7.350%, 02/01/19............................. 7,492 7,727,093
FACE AMOUNT^ VALUE+ - ------- ------ (000) John Deere Capital Corp. 2.050%, 03/10/20............................. 20,620 $ 20,309,734 Johnson & Johnson # 1.650%, 03/01/21............................. 9,000 8,740,051 2.250%, 03/03/22............................. 5,000 4,865,401 JPMorgan Chase & Co. 6.300%, 04/23/19............................. 894 925,517 2.550%, 10/29/20............................. 11,000 10,840,364 4.350%, 08/15/21............................. 4,994 5,160,038 Kellogg Co. 0.800%, 11/17/22............................. EUR 2,250 2,734,880 KeyCorp 2.900%, 09/15/20............................. 11,259 11,179,068 5.100%, 03/24/21............................. 8,008 8,401,687 Kommunalbanken A.S. 1.750%, 05/28/19............................. 17,884 17,735,455 1.625%, 02/10/21............................. 15,000 14,507,025 2.250%, 01/25/22............................. 30,000 29,205,990 Kommunekredit 0.0%, 09/08/22............................... EUR 1,750 2,101,247 Kommuninvest I Sverige AB 2.000%, 11/12/19............................. 9,471 9,381,688 1.000%, 09/15/21............................. SEK 360,000 42,362,310 0.250%, 06/01/22............................. SEK 903,000 103,020,156 Kreditanstalt fuer Wiederaufbau # 1.875%, 04/01/19............................. 6,259 6,227,869 1.500%, 04/20/20............................. 22,500 21,982,902 # 2.125%, 03/07/22............................. 20,000 19,431,199 2.900%, 06/06/22............................. AUD 20,000 15,155,622 --%, 12/15/22................................ EUR 40,228 48,478,566 Kroger Co. (The) 2.300%, 01/15/19............................. 11,572 11,536,609 3.400%, 04/15/22............................. 10,000 9,928,570 L3 Technologies, Inc. 4.750%, 07/15/20............................. 4,650 4,808,502 Laboratory Corp. of America Holdings # 2.625%, 02/01/20............................. 7,623 7,553,250 Lam Research Corp. 2.750%, 03/15/20............................. 8,942 8,914,108 Landeskreditbank Baden- Wuerttemberg Foerderbank 1.375%, 07/21/21............................. 5,000 4,761,435 Landwirtschaftliche Rentenbank 2.700%, 09/05/22............................. AUD 21,360 16,052,572 Legg Mason, Inc. 2.700%, 07/15/19............................. 9,258 9,207,603 Liberty Mutual Group, Inc. ## 5.000%, 06/01/21............................. 2,500 2,599,483 Lincoln National Corp. 6.250%, 02/15/20............................. 3,215 3,380,491 4.850%, 06/24/21............................. 1,270 1,326,507
48 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) Lloyds Bank P.L.C. 2.700%, 08/17/20............................. 1,600 $ 1,586,707 Lloyds Banking Group P.L.C. 3.100%, 07/06/21............................. 6,750 6,699,420 # 3.000%, 01/11/22............................. 16,162 15,852,303 Lockheed Martin Corp. 2.500%, 11/23/20............................. 7,500 7,411,076 Macquarie Group, Ltd. ## 3.000%, 12/03/18............................. 20,235 20,271,321 Manitoba, Province of Canada 2.100%, 09/06/22............................. 20,000 19,127,240 Manufacturers & Traders Trust Co. 2.250%, 07/25/19............................. 530 525,365 2.100%, 02/06/20............................. 28,367 27,902,040 Marriott International, Inc. 6.750%, 05/15/18............................. 4,264 4,270,590 # 3.000%, 03/01/19............................. 2,835 2,838,851 Marsh & McLennan Cos., Inc. 2.350%, 09/10/19............................. 4,471 4,433,586 2.350%, 03/06/20............................. 1,000 985,640 2.750%, 01/30/22............................. 4,650 4,532,849 Mastercard, Inc. 1.100%, 12/01/22............................. EUR 15,162 18,785,951 Maxim Integrated Products, Inc. 2.500%, 11/15/18............................. 3,464 3,458,856 McDonald's Corp. 3.500%, 07/15/20............................. 4,928 4,984,086 Merck & Co., Inc. 1.850%, 02/10/20............................. 4,450 4,385,480 Microsoft Corp. # 1.625%, 12/06/18............................. 7,227 7,199,419 1.850%, 02/12/20............................. 21,640 21,346,816 # 3.000%, 10/01/20............................. 5,000 5,040,483 2.000%, 11/03/20............................. 33,993 33,415,659 1.550%, 08/08/21............................. 20,978 20,101,630 # 2.400%, 02/06/22............................. 20,000 19,548,691 2.375%, 02/12/22............................. 11,883 11,588,500 Mitsubishi UFJ Financial Group, Inc. # 2.950%, 03/01/21............................. 1,725 1,709,742 0.680%, 01/26/23............................. EUR 10,060 12,128,189 Mizuho Bank, Ltd. ## # 2.450%, 04/16/19............................. 1,575 1,569,266 ## 2.700%, 10/20/20............................. 11,960 11,784,549 Mizuho Financial Group, Inc. ## 2.632%, 04/12/21............................. 5,000 4,882,519 Molson Coors Brewing Co. 2.100%, 07/15/21............................. 3,000 2,874,667 Mondelez International Holdings Netherlands BV ## 2.000%, 10/28/21............................. 13,012 12,387,982
FACE AMOUNT^ VALUE+ - ------- ------ (000) Monsanto Co. 1.850%, 11/15/18............................. 24,511 $24,402,593 2.125%, 07/15/19............................. 2,236 2,215,830 Morgan Stanley 7.300%, 05/13/19............................. 2,315 2,419,689 MUFG Bank, Ltd. ## 2.350%, 09/08/19............................. 4,570 4,529,452 Municipality Finance P.L.C. 1.500%, 03/23/20............................. 10,000 9,779,120 1.375%, 09/21/21............................. 7,500 7,121,063 2.375%, 03/15/22............................. 10,000 9,766,900 Mylan NV 3.750%, 12/15/20............................. 4,065 4,077,450 Mylan, Inc. # 2.550%, 03/28/19............................. 9,089 9,053,390 National Australia Bank, Ltd. 2.250%, 07/01/19............................. 15,626 15,521,987 ## 2.400%, 12/09/19............................. 8,492 8,422,855 # 2.625%, 07/23/20............................. 5,339 5,283,078 2.625%, 01/14/21............................. 2,000 1,969,116 3.000%, 05/12/21............................. AUD 6,000 4,523,216 1.875%, 07/12/21............................. 5,500 5,266,588 2.800%, 01/10/22............................. 24,500 24,014,700 2.500%, 05/22/22............................. 42,800 41,293,201 0.350%, 09/07/22............................. EUR 7,800 9,369,449 Nederlandse Waterschapsbank NV 1.875%, 03/13/19............................. 53,652 53,356,646 1.625%, 03/04/20............................. 30,000 29,412,000 1.875%, 04/14/22............................. 5,000 4,786,730 Nestle Holdings, Inc. 1.875%, 03/09/21............................. 10,000 9,693,520 NetApp, Inc. # 3.375%, 06/15/21............................. 8,650 8,599,849 NextEra Energy Capital Holdings, Inc. 2.400%, 09/15/19............................. 9,378 9,307,443 Nissan Motor Acceptance Corp. ## 2.550%, 03/08/21............................. 16,249 15,900,585 Noble Energy, Inc. 4.150%, 12/15/21............................. 4,000 4,065,659 Nomura Holdings, Inc. 2.750%, 03/19/19............................. 16,440 16,432,640 Nordea Bank AB 1.625%, 05/15/18............................. 1,923 1,922,731 2.375%, 04/04/19............................. 15,005 14,954,669 ## 2.500%, 09/17/20............................. 6,000 5,907,333 Nordic Investment Bank # 1.875%, 06/14/19............................. 9,471 9,402,809 2.125%, 02/01/22............................. 7,500 7,290,269 Nordstrom, Inc. # 4.750%, 05/01/20............................. 13,135 13,507,910 Norfolk Southern Corp. 3.000%, 04/01/22............................. 1,352 1,336,899
49 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) NRW Bank 1.875%, 07/01/19............................. 2,884 $ 2,859,025 Nuveen Finance LLC ## 2.950%, 11/01/19............................. 9,568 9,534,214 NVIDIA Corp. 2.200%, 09/16/21............................. 1,830 1,775,527 Occidental Petroleum Corp. 4.100%, 02/01/21............................. 542 556,190 Omnicom Group, Inc. 4.450%, 08/15/20............................. 550 564,636 Ontario, Province of Canada 4.400%, 04/14/20............................. 28,000 28,853,407 OP Corporate Bank P.L.C. 0.375%, 10/11/22............................. EUR 325 391,000 Oracle Corp. 2.800%, 07/08/21............................. 6,536 6,504,343 # 1.900%, 09/15/21............................. 97,577 94,147,223 # 2.500%, 05/15/22............................. 5,000 4,879,153 Pacific Gas & Electric Co. 3.500%, 10/01/20............................. 900 901,911 Penske Truck Leasing Co. L.P. / PTL Finance Corp. ## 3.050%, 01/09/20............................. 828 827,404 ## # 3.375%, 02/01/22............................. 10,000 9,894,370 Pernod Ricard SA ## 5.750%, 04/07/21............................. 620 660,827 ## 4.450%, 01/15/22............................. 5,327 5,507,973 Perrigo Finance Unlimited Co. 3.500%, 03/15/21............................. 5,056 5,035,922 Pfizer, Inc. 2.100%, 05/15/19............................. 2,000 1,990,759 1.950%, 06/03/21............................. 27,847 27,088,386 # 2.200%, 12/15/21............................. 15,000 14,638,530 0.250%, 03/06/22............................. EUR 11,200 13,514,147 Phillips 66 Partners L.P. 2.646%, 02/15/20............................. 6,873 6,791,718 PNC Bank NA 2.400%, 10/18/19............................. 11,500 11,417,627 2.300%, 06/01/20............................. 200 196,890 2.600%, 07/21/20............................. 4,800 4,749,254 Procter & Gamble Co. (The) # 1.850%, 02/02/21............................. 8,670 8,439,417 Progress Energy, Inc. 4.875%, 12/01/19............................. 4,672 4,785,318 Progressive Corp. (The) 3.750%, 08/23/21............................. 706 718,190 Province of British Columbia Canada 2.650%, 09/22/21............................. 26,337 26,075,187 Province of Manitoba Canada 2.050%, 11/30/20............................. 3,800 3,717,382 2.125%, 05/04/22............................. 10,000 9,611,757
FACE AMOUNT^ VALUE+ - ------- ------ (000) Province of Ontario Canada 1.875%, 05/21/20............................. 15,000 $14,713,793 2.500%, 09/10/21............................. 59,530 58,458,619 1.350%, 03/08/22............................. CAD 20,000 14,954,476 2.250%, 05/18/22............................. 5,000 4,827,853 3.150%, 06/02/22............................. CAD 19,000 15,180,467 Province of Quebec Canada 3.500%, 07/29/20............................. 53,000 53,781,220 2.750%, 08/25/21............................. 10,000 9,910,136 2.375%, 01/31/22............................. 40,718 39,692,819 Prudential Financial, Inc. # 2.350%, 08/15/19............................. 6,000 5,963,271 5.375%, 06/21/20............................. 1,700 1,776,686 # 4.500%, 11/15/20............................. 7,000 7,227,583 PSEG Power LLC 2.450%, 11/15/18............................. 6,831 6,816,112 5.125%, 04/15/20............................. 11,108 11,493,360 Puget Energy, Inc. 6.500%, 12/15/20............................. 3,363 3,610,270 QUALCOMM, Inc. 2.250%, 05/20/20............................. 8,235 8,104,155 3.000%, 05/20/22............................. 2,425 2,364,806 Regions Financial Corp. 3.200%, 02/08/21............................. 10,500 10,452,789 2.750%, 08/14/22............................. 6,401 6,170,677 Republic of Austria Government Bond ## 0.0%, 09/20/22............................... EUR 4,000 4,845,329 Republic Services, Inc. 5.500%, 09/15/19............................. 4,473 4,628,472 3.550%, 06/01/22............................. 2,000 2,001,080 Roper Technologies, Inc. 2.050%, 10/01/18............................. 1,500 1,496,647 2.800%, 12/15/21............................. 1,000 977,352 Royal Bank of Canada 2.125%, 03/02/20............................. 22,338 21,971,037 2.150%, 03/06/20............................. 665 654,902 2.350%, 10/30/20............................. 7,428 7,292,837 2.500%, 01/19/21............................. 12,750 12,518,582 2.750%, 02/01/22............................. 24,000 23,512,158 1.968%, 03/02/22............................. CAD 10,000 7,564,391 Ryder System, Inc. 2.650%, 03/02/20............................. 7,000 6,937,671 3.400%, 03/01/23............................. 3,000 2,967,601 Santander Holdings USA, Inc. 2.650%, 04/17/20............................. 3,000 2,964,629 Santander UK Group Holdings P.L.C. 3.125%, 01/08/21............................. 15,000 14,875,200 Santander UK P.L.C. 2.375%, 03/16/20............................. 2,824 2,787,334 Sempra Energy 2.850%, 11/15/20............................. 5,400 5,335,870
50 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) Shell International Finance BV 2.000%, 11/15/18............................. 10,526 $10,496,592 4.300%, 09/22/19............................. 4,471 4,574,544 4.375%, 03/25/20............................. 1,250 1,286,107 2.125%, 05/11/20............................. 17,155 16,933,900 2.250%, 11/10/20............................. 18,999 18,728,325 # 1.875%, 05/10/21............................. 32,626 31,586,985 1.750%, 09/12/21............................. 27,855 26,707,297 Sherwin-Williams Co. (The) 2.750%, 06/01/22............................. 2,000 1,936,376 Skandinaviska Enskilda Banken AB 1.250%, 08/05/22............................. GBP 2,000 2,708,287 Societe Generale SA ## 2.625%, 09/16/20............................. 17,000 16,758,964 ## 2.500%, 04/08/21............................. 4,200 4,094,181 Solvay Finance America LLC ## 3.400%, 12/03/20............................. 10,000 10,004,267 Southern Co. (The) 2.750%, 06/15/20............................. 9,683 9,593,701 Southern Power Co. 1.000%, 06/20/22............................. EUR 14,310 17,543,298 Southwest Airlines Co. 2.750%, 11/06/19............................. 17,072 16,987,788 2.650%, 11/05/20............................. 4,500 4,443,372 Spain Government Bond ## 5.400%, 01/31/23............................. EUR 17,000 25,525,713 Starbucks Corp. # 2.100%, 02/04/21............................. 1,770 1,728,223 State of North Rhine- Westphalia Germany 1.625%, 01/22/20............................. 18,950 18,591,864 State Street Corp. # 2.550%, 08/18/20............................. 10,138 10,059,069 Statoil ASA 1.150%, 05/15/18............................. 11,682 11,677,540 2.250%, 11/08/19............................. 7,500 7,434,529 # 2.900%, 11/08/20............................. 2,780 2,779,855 3.150%, 01/23/22............................. 2,692 2,690,552 Stryker Corp. 2.625%, 03/15/21............................. 6,121 6,037,570 Sumitomo Mitsui Banking Corp. 2.450%, 01/10/19............................. 5,865 5,858,950 Sumitomo Mitsui Financial Group, Inc. 2.934%, 03/09/21............................. 4,000 3,962,073 2.058%, 07/14/21............................. 10,000 9,609,458 SunTrust Banks, Inc. 2.500%, 05/01/19............................. 5,055 5,042,873 # 2.900%, 03/03/21............................. 14,765 14,612,964 Svensk Exportkredit AB 1.750%, 08/28/20............................. 6,000 5,855,093 # 2.375%, 03/09/22............................. 10,000 9,772,598
FACE AMOUNT^ VALUE+ - ------- ------ (000) Svenska Handelsbanken AB 2.500%, 01/25/19............................. 16,661 $ 16,642,667 2.250%, 06/17/19............................. 8,942 8,883,896 2.400%, 10/01/20............................. 3,720 3,654,313 2.450%, 03/30/21............................. 1,930 1,885,856 0.250%, 02/28/22............................. EUR 13,000 15,663,505 2.625%, 08/23/22............................. EUR 3,000 3,964,016 Swedbank AB 0.300%, 09/06/22............................. EUR 12,020 14,425,716 Sweden Government Bond 3.500%, 06/01/22............................. SEK 1,085,000 142,702,842 Sysco Corp. 2.600%, 10/01/20............................. 16,190 16,005,536 TD Ameritrade Holding Corp. 5.600%, 12/01/19............................. 74 76,967 Telefonica Emisiones SAU 5.877%, 07/15/19............................. 1,000 1,034,309 5.134%, 04/27/20............................. 10,180 10,577,728 Temasek Financial I, Ltd. 0.500%, 03/01/22............................. EUR 2,700 3,302,730 Thomson Reuters Corp. 3.950%, 09/30/21............................. 6,115 6,145,588 Time Warner, Inc. 4.700%, 01/15/21............................. 7,900 8,176,992 Toronto-Dominion Bank (The) 2.125%, 07/02/19............................. 31,297 31,096,853 2.500%, 12/14/20............................. 20,000 19,687,394 2.125%, 04/07/21............................. 18,138 17,604,031 1.800%, 07/13/21............................. 18,605 17,803,677 1.994%, 03/23/22............................. CAD 15,000 11,365,629 Total Capital International SA # 2.100%, 06/19/19............................. 27,483 27,322,017 # 2.750%, 06/19/21............................. 6,000 5,943,084 # 2.875%, 02/17/22............................. 7,000 6,920,885 Total Capital SA 4.125%, 01/28/21............................. 10,000 10,266,738 Total System Services, Inc. 2.375%, 06/01/18............................. 4,011 4,009,769 Toyota Credit Canada, Inc. 2.020%, 02/28/22............................. CAD 10,000 7,568,441 2.350%, 07/18/22............................. CAD 10,000 7,637,603 Toyota Motor Credit Corp. 2.100%, 01/17/19............................. 19,526 19,485,380 # 2.125%, 07/18/19............................. 11,845 11,768,109 4.500%, 06/17/20............................. 9,300 9,608,562 # 1.900%, 04/08/21............................. 40,243 39,036,110 2.750%, 05/17/21............................. 8,500 8,419,256 2.600%, 01/11/22............................. 5,988 5,860,962 3.300%, 01/12/22............................. 1,484 1,487,362 0.750%, 07/21/22............................. EUR 2,080 2,553,111 Tyson Foods, Inc. 2.650%, 08/15/19............................. 17,802 17,724,323
51 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) UBS AG # 2.375%, 08/14/19............................. 2,178 $ 2,165,913 2.350%, 03/26/20............................. 6,079 5,992,496 UBS Group Funding Switzerland AG 1.750%, 11/16/22............................. EUR 8,052 10,162,263 Unedic Asseo 0.875%, 10/25/22............................. EUR 27,300 34,156,641 Union Pacific Corp. 2.250%, 02/15/19............................. 1,189 1,185,362 UnitedHealth Group, Inc. 4.700%, 02/15/21............................. 2,040 2,121,011 Unum Group 3.000%, 05/15/21............................. 1,000 985,081 US Bank NA # 2.125%, 10/28/19............................. 3,432 3,398,095 USAA Capital Corp. ## 2.000%, 06/01/21............................. 5,000 4,830,364 Valero Energy Corp. 9.375%, 03/15/19............................. 5,009 5,286,679 Verizon Communications, Inc. 3.500%, 11/01/21............................. 750 755,995 3.125%, 03/16/22............................. 7,858 7,768,299 Viacom, Inc. 2.750%, 12/15/19............................. 3,297 3,266,182 Vodafone Group P.L.C. 5.450%, 06/10/19............................. 1,732 1,778,408 # 4.375%, 03/16/21............................. 4,525 4,655,848 # 2.500%, 09/26/22............................. 4,411 4,204,202 Volkswagen Group of America Finance LLC ## 2.125%, 05/23/19............................. 6,310 6,265,504 ## 2.400%, 05/22/20............................. 5,911 5,813,229 Volkswagen International Finance NV 0.875%, 01/16/23............................. EUR 4,200 5,113,508 Walgreen Co. 3.100%, 09/15/22............................. 4,127 4,030,497 Walgreens Boots Alliance, Inc. # 3.300%, 11/18/21............................. 4,000 3,983,760 Walt Disney Co. (The) 2.150%, 09/17/20............................. 6,482 6,370,769 WEC Energy Group, Inc. 2.450%, 06/15/20............................. 14,176 13,974,571
FACE AMOUNT^ VALUE+ - ------- ------ (000) Wells Fargo & Co. 2.125%, 04/22/19............................. 4,083 $ 4,063,865 # 2.600%, 07/22/20............................. 8,000 7,916,058 1.500%, 09/12/22............................. EUR 2,700 3,376,150 Western Australian Treasury Corp. 2.750%, 10/20/22............................. AUD 27,000 20,405,613 Westpac Banking Corp. # 4.875%, 11/19/19............................. 3,645 3,749,945 # 2.600%, 11/23/20............................. 29,052 28,657,585 2.100%, 05/13/21............................. 7,632 7,389,759 2.800%, 01/11/22............................. 15,512 15,229,960 2.500%, 06/28/22............................. 9,789 9,424,815 Wm Wrigley Jr Co. ## 2.900%, 10/21/19............................. 1,484 1,483,612 Wyndham Worldwide Corp. # 4.250%, 03/01/22............................. 2,967 2,914,234 Xcel Energy, Inc. 2.400%, 03/15/21............................. 4,070 3,979,325 Xerox Corp. 4.070%, 03/17/22............................. 10,246 10,175,031 Xilinx, Inc. 2.125%, 03/15/19............................. 1,795 1,788,151 Zimmer Biomet Holdings, Inc. 2.700%, 04/01/20............................. 4,632 4,587,755 Zoetis, Inc. 3.450%, 11/13/20............................. 12,400 12,452,114 -------------- TOTAL BONDS........................................ 5,766,585,930 -------------- U.S. TREASURY OBLIGATIONS -- (0.4%) U.S. Treasury Notes 1.250%, 10/31/21............................. 25,000 23,799,805 -------------- TOTAL INVESTMENT SECURITIES........................ 5,803,501,689 -------------- SHARES - ------ - SECURITIES LENDING COLLATERAL -- (2.8%) (S)@ DFA Short Term Investment Fund................... 14,668,629 169,716,042 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $6,079,954,189)................................ $5,973,217,731 ==============
52 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED At April 30, 2018, DFA Short-Term Extended Quality Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying financial statements:
UNREALIZED FOREIGN EXCHANGE SETTLEMENT APPRECIATION CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION) ------------------ --------------- ---------------------------- ------------------ -------------- USD.. 79,064,744 SEK 647,175,880 JP Morgan 05/02/18 $ 5,157,956 USD.. 81,381,303 SEK 669,921,752 Citibank, N.A. 05/03/18 4,876,960 USD.. 74,492,771 SEK 646,074,312 Bank of America Corp. 06/27/18 394,299 USD.. 145,484,292 EUR 117,406,143 Bank of America Corp. 06/28/18 3,091,207 USD.. 74,963,528 SEK 625,746,808 Citibank, N.A. 07/03/18 3,159,519 USD.. 69,958,604 SEK 584,598,050 JP Morgan 07/05/18 2,865,911 USD.. 77,885,684 SEK 673,868,575 Citibank, N.A. 07/06/18 541,622 USD.. 134,667,491 EUR 108,045,830 State Street Bank and Trust 07/10/18 3,500,334 USD.. 97,682,592 EUR 78,814,674 State Street Bank and Trust 07/11/18 1,994,539 USD.. 74,429,364 EUR 60,000,000 State Street Bank and Trust 07/12/18 1,578,380 USD.. 77,446,148 EUR 62,430,672 State Street Bank and Trust 07/13/18 1,638,028 USD.. 2,848,921 GBP 1,982,266 State Street Bank and Trust 07/16/18 109,892 USD.. 97,349,436 CAD 122,106,177 State Street Bank and Trust 07/17/18 2,077,413 USD.. 92,212,994 AUD 119,831,103 JP Morgan 07/20/18 1,967,660 USD.. 144,518,558 EUR 117,811,388 State Street Bank and Trust 07/25/18 1,330,198 ----------- TOTAL APPRECIATION $34,283,918 SEK.. 647,175,880 USD 74,312,695 Bank of America Corp. 05/02/18 $ (405,906) SEK.. 669,921,752 USD 77,040,755 Citibank N.A. 05/03/18 (536,412) ----------- TOTAL (DEPRECIATION) $ (942,318) ----------- TOTAL APPRECIATION (DEPRECIATION) $33,341,600 ===========
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Agency Obligations............ -- $ 13,115,954 -- $ 13,115,954 Bonds......................... -- 5,766,585,930 -- 5,766,585,930 U.S. Treasury Obligations..... -- 23,799,805 -- 23,799,805 Securities Lending Collateral. -- 169,716,042 -- 169,716,042 Forward Currency Contracts**.. -- 33,341,600 -- 33,341,600 -- -------------- -- -------------- TOTAL......................... -- $6,006,559,331 -- $6,006,559,331 == ============== == ==============
**Valued at the unrealized appreciation/(depreciation) on the investment. See accompanying Notes to Financial Statements. 53 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ------ ------ (000) AGENCY OBLIGATIONS -- (3.5%) Federal Farm Credit Bank 2.630%, 08/03/26............................. $ 3,173 $ 3,050,364 5.770%, 01/05/27............................. 1,058 1,263,458 Federal Home Loan Mortgage Corp. 6.750%, 09/15/29............................. 8,814 11,683,697 6.750%, 03/15/31............................. 1,000 1,355,157 6.250%, 07/15/32............................. 4,000 5,305,876 Federal National Mortgage Association 6.250%, 05/15/29............................. 17,628 22,436,971 7.125%, 01/15/30............................. 3,526 4,825,038 6.625%, 11/15/30............................. 7,000 9,353,827 Tennessee Valley Authority 7.125%, 05/01/30............................. 7,608 10,441,052 ----------- TOTAL AGENCY OBLIGATIONS........................... 69,715,440 ----------- BONDS -- (86.8%) 21st Century Fox America, Inc. 3.700%, 09/15/24............................. 2,468 2,458,890 3M Co. # 2.875%, 10/15/27............................. 27,127 25,647,909 Abbott Laboratories # 2.950%, 03/15/25............................. 6,870 6,515,841 AbbVie, Inc. 3.600%, 05/14/25............................. 9,500 9,216,773 Activision Blizzard, Inc. 3.400%, 06/15/27............................. 600 568,299 Adobe Systems, Inc. 3.250%, 02/01/25............................. 1,058 1,040,324 Advance Auto Parts, Inc. 4.500%, 12/01/23............................. 1,500 1,535,408 Aetna, Inc. # 3.500%, 11/15/24............................. 4,942 4,819,865 Affiliated Managers Group, Inc. 3.500%, 08/01/25............................. 1,410 1,362,794 Aflac, Inc. # 3.625%, 11/15/24............................. 1,099 1,096,654 3.250%, 03/17/25............................. 6,064 5,892,393 Ahold Finance USA LLC 6.875%, 05/01/29............................. 388 459,833 Airbus SE ## # 3.150%, 04/10/27............................. 1,000 959,207 Alabama Power Co. 2.800%, 04/01/25............................. 1,410 1,325,478 Albemarle Corp. 4.150%, 12/01/24............................. 3,335 3,387,153 Alimentation Couche-Tard, Inc. ## 3.550%, 07/26/27............................. 1,185 1,120,435 Allergan Funding SCS # 3.800%, 03/15/25............................. 9,592 9,194,346
FACE AMOUNT VALUE+ ------ ------ (000) Alphabet, Inc. 1.998%, 08/15/26............................. $ 4,000 $ 3,571,945 American Express Credit Corp. # 3.300%, 05/03/27............................. 8,500 8,124,640 American Honda Finance Corp. 2.300%, 09/09/26............................. 1,500 1,369,037 American International Group, Inc. 3.750%, 07/10/25............................. 2,000 1,957,521 3.900%, 04/01/26............................. 5,000 4,880,122 American Water Capital Corp. 3.850%, 03/01/24............................. 1,166 1,180,902 Ameriprise Financial, Inc. # 3.700%, 10/15/24............................. 7,090 7,096,267 2.875%, 09/15/26............................. 1,000 931,470 AmerisourceBergen Corp. 3.400%, 05/15/24............................. 673 655,180 3.450%, 12/15/27............................. 4,000 3,733,140 Amgen, Inc. # 3.125%, 05/01/25............................. 2,763 2,639,091 2.600%, 08/19/26............................. 3,000 2,702,246 Analog Devices, Inc. 3.900%, 12/15/25............................. 4,502 4,475,229 Andeavor 5.125%, 12/15/26............................. 350 369,104 Anglo American Capital P.L.C. ## 4.750%, 04/10/27............................. 5,000 4,992,700 ## 4.000%, 09/11/27............................. 4,600 4,334,915 Anheuser-Busch InBev Finance, Inc. # 3.650%, 02/01/26............................. 8,000 7,810,531 Anthem, Inc. 3.500%, 08/15/24............................. 3,491 3,392,617 3.650%, 12/01/27............................. 555 527,743 4.101%, 03/01/28............................. 5,000 4,893,810 ANZ New Zealand International Ltd. ## 3.450%, 07/17/27............................. 15,000 14,402,859 Aon P.L.C. 3.500%, 06/14/24............................. 3,750 3,674,135 AP Moller - Maersk A.S. ## 3.750%, 09/22/24............................. 1,000 965,653 ## 3.875%, 09/28/25............................. 1,914 1,844,419 Apple, Inc. 3.250%, 02/23/26............................. 1,000 973,431 3.350%, 02/09/27............................. 13,200 12,909,474 3.200%, 05/11/27............................. 13,405 12,926,104 # 3.000%, 06/20/27............................. 6,800 6,459,828 # 2.900%, 09/12/27............................. 551 517,899 3.000%, 11/13/27............................. 11,000 10,391,267 Applied Materials, Inc. 3.300%, 04/01/27............................. 1,111 1,075,153 Archer-Daniels-Midland Co. 2.500%, 08/11/26............................. 5,613 5,098,941 Arizona Public Service Co. 3.150%, 05/15/25............................. 3,349 3,241,996
54 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) Arrow Electronics, Inc. 3.875%, 01/12/28............................. $ 5,330 $ 5,012,486 Assurant, Inc. 4.000%, 03/15/23............................. 3,526 3,515,812 AstraZeneca P.L.C. 3.375%, 11/16/25............................. 8,300 8,060,875 AT&T, Inc. 3.950%, 01/15/25............................. 1,087 1,076,183 3.400%, 05/15/25............................. 8,182 7,774,843 Australia & New Zealand Banking Group, Ltd. 3.700%, 11/16/25............................. 5,000 4,986,965 Autodesk, Inc. 4.375%, 06/15/25............................. 6,017 6,099,764 # 3.500%, 06/15/27............................. 5,375 5,060,301 Automatic Data Processing, Inc. 3.375%, 09/15/25............................. 2,000 1,984,131 AutoZone, Inc. 3.250%, 04/15/25............................. 3,133 3,001,997 Avnet, Inc. 4.625%, 04/15/26............................. 5,850 5,768,939 AXIS Specialty Finance P.L.C. 4.000%, 12/06/27............................. 1,000 946,880 Banco Santander SA # 3.800%, 02/23/28............................. 5,800 5,484,401 Bank of America Corp. Floating Rate Note (r)## 3.419%, 12/20/28............................. 2,918 2,736,752 Bank of New York Mellon Corp. (The) # 3.000%, 02/24/25............................. 1,410 1,348,673 Barclays P.L.C. 3.650%, 03/16/25............................. 6,080 5,798,563 4.375%, 01/12/26............................. 2,700 2,665,942 BAT International Finance P.L.C. 3.950%, 06/15/25............................. 1,500 1,477,927 Baxter International, Inc. 2.600%, 08/15/26............................. 5,578 5,020,986 Bayer U.S. Finance LLC ## # 3.375%, 10/08/24............................. 8,831 8,579,529 Beam Suntory, Inc. 3.250%, 06/15/23............................. 2,195 2,124,830 Bed Bath & Beyond, Inc. # 3.749%, 08/01/24............................. 610 520,883 Berkshire Hathaway, Inc. # 3.125%, 03/15/26............................. 30,552 29,406,547 Biogen, Inc. 4.050%, 09/15/25............................. 8,000 8,012,261 BlackRock, Inc. 3.200%, 03/15/27............................. 17,645 16,943,450 BMW U.S. Capital LLC ## 2.800%, 04/11/26............................. 5,500 5,128,686 ## # 3.300%, 04/06/27............................. 4,000 3,847,913 BNP Paribas SA ## # 3.500%, 11/16/27............................. 8,631 8,122,418 Boeing Co. (The) 2.500%, 03/01/25............................. 3,526 3,299,850
FACE AMOUNT VALUE+ ------ ------ (000) Boston Scientific Corp. 4.125%, 10/01/23............................. $ 811 $ 824,147 BP Capital Markets P.L.C. 3.535%, 11/04/24............................. 1,234 1,229,904 3.017%, 01/16/27............................. 7,000 6,601,064 BPCE SA 4.000%, 04/15/24............................. 3,000 3,005,394 British Columbia, Province of Canada 6.500%, 01/15/26............................. 4,363 5,262,581 Brown & Brown, Inc. 4.200%, 09/15/24............................. 5,261 5,309,176 Buckeye Partners L.P. # 4.150%, 07/01/23............................. 1,058 1,055,246 # 3.950%, 12/01/26............................. 2,275 2,140,026 Bunge, Ltd. Finance Corp. 3.750%, 09/25/27............................. 5,000 4,733,050 Burlington Northern Santa Fe LLC 3.000%, 04/01/25............................. 2,357 2,276,859 7.000%, 12/15/25............................. 472 572,133 CA, Inc. 4.700%, 03/15/27............................. 7,900 7,944,824 Campbell Soup Co. 3.300%, 03/19/25............................. 4,229 4,041,458 4.150%, 03/15/28............................. 5,571 5,398,184 Canadian Natural Resources, Ltd. 7.200%, 01/15/32............................. 2,950 3,671,638 Canadian Pacific Railway Co. 2.900%, 02/01/25............................. 1,666 1,572,932 3.700%, 02/01/26............................. 2,115 2,070,726 Capital One Financial Corp. 3.750%, 04/24/24............................. 1,939 1,904,111 3.750%, 03/09/27............................. 2,000 1,896,483 Cardinal Health, Inc. # 3.410%, 06/15/27............................. 9,000 8,357,783 CBS Corp. 3.500%, 01/15/25............................. 1,058 1,016,772 # 4.000%, 01/15/26............................. 1,000 979,132 2.900%, 01/15/27............................. 6,600 5,899,872 Celgene Corp. 3.625%, 05/15/24............................. 1,763 1,723,265 CenterPoint Energy Resources Corp. 4.000%, 04/01/28............................. 3,000 2,969,004 Charles Schwab Corp. (The) 3.000%, 03/10/25............................. 4,689 4,500,015 Chevron Corp. 2.954%, 05/16/26............................. 25,893 24,735,436 Cigna Corp. 3.250%, 04/15/25............................. 5,750 5,426,978 Cincinnati Financial Corp. 6.920%, 05/15/28............................. 900 1,107,098 Cisco Systems, Inc. # 2.500%, 09/20/26............................. 3,000 2,774,388 Citigroup, Inc. 3.750%, 06/16/24............................. 1,410 1,400,941 3.300%, 04/27/25............................. 6,231 5,967,102
55 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) Clorox Co. (The) 3.500%, 12/15/24............................. $ 1,763 $ 1,758,294 CME Group, Inc. 3.000%, 03/15/25............................. 471 454,207 CMS Energy Corp. 3.600%, 11/15/25............................. 2,800 2,735,068 CNA Financial Corp. 4.500%, 03/01/26............................. 6,830 6,995,344 Coca-Cola Co. (The) # 2.250%, 09/01/26............................. 3,500 3,167,310 # 2.900%, 05/25/27............................. 8,000 7,591,959 Comcast Corp. 3.375%, 08/15/25............................. 1,234 1,198,083 # 3.150%, 03/01/26............................. 4,000 3,805,235 7.050%, 03/15/33............................. 2,000 2,580,988 Commonwealth Bank of Australia ## 2.850%, 05/18/26............................. 18,373 17,015,180 ConocoPhillips Co. # 4.950%, 03/15/26............................. 5,000 5,384,169 Consolidated Edison Co. of New York, Inc. 3.300%, 12/01/24............................. 705 691,478 Cox Communications, Inc. ## # 3.850%, 02/01/25............................. 5,741 5,676,488 Credit Agricole SA # 3.875%, 04/15/24............................. 5,678 5,717,056 Credit Suisse AG 3.625%, 09/09/24............................. 6,299 6,240,420 CSX Corp. 3.400%, 08/01/24............................. 3,000 2,951,354 CVS Health Corp. # 3.375%, 08/12/24............................. 5,243 5,061,321 3.875%, 07/20/25............................. 3,210 3,156,288 Daimler Finance North America LLC ## 3.250%, 08/01/24............................. 1,128 1,094,080 8.500%, 01/18/31............................. 7,188 10,245,145 Deere & Co. # 5.375%, 10/16/29............................. 650 740,150 Deutsche Bank AG 3.700%, 05/30/24............................. 5,781 5,508,912 4.100%, 01/13/26............................. 3,000 2,884,692 Discovery Communications LLC 3.250%, 04/01/23............................. 353 341,656 ## 3.900%, 11/15/24............................. 5,961 5,826,756 3.450%, 03/15/25............................. 4,263 4,069,554 # 4.900%, 03/11/26............................. 4,000 4,100,148 Dominion Energy Gas Holdings LLC 3.600%, 12/15/24............................. 1,763 1,732,842 Dominion Energy, Inc. 3.625%, 12/01/24............................. 705 693,316 3.900%, 10/01/25............................. 4,000 3,953,389 Dover Corp. 3.150%, 11/15/25............................. 2,100 2,022,831 Dow Chemical Co. (The) 3.500%, 10/01/24............................. 4,106 4,012,958
FACE AMOUNT VALUE+ ------ ------ (000) Dr Pepper Snapple Group, Inc. 3.400%, 11/15/25............................. $ 1,660 $ 1,564,693 DTE Energy Co. 2.850%, 10/01/26............................. 945 858,071 Duke Energy Corp. 3.750%, 04/15/24............................. 1,000 996,675 DXC Technology Co. 4.450%, 09/18/22............................. 1,763 1,795,939 4.750%, 04/15/27............................. 8,000 8,202,406 Eastman Chemical Co. 3.800%, 03/15/25............................. 3,023 3,024,711 eBay, Inc. 3.600%, 06/05/27............................. 2,000 1,894,797 Ecolab, Inc. 2.700%, 11/01/26............................. 2,000 1,844,392 Electricite de France SA 3.625%, 10/13/25............................. 2,000 1,971,294 ## 3.625%, 10/13/25............................. 5,797 5,713,794 Electronic Arts, Inc. 4.800%, 03/01/26............................. 2,200 2,314,118 Enbridge, Inc. # 4.000%, 10/01/23............................. 2,068 2,068,306 # 3.500%, 06/10/24............................. 705 681,360 # 3.700%, 07/15/27............................. 3,000 2,825,160 Enel Finance International NV ## 3.500%, 04/06/28............................. 5,000 4,626,423 Energy Transfer Partners L.P. 4.750%, 01/15/26............................. 4,000 3,991,446 # 4.200%, 04/15/27............................. 2,000 1,906,592 Enterprise Products Operating LLC 3.750%, 02/15/25............................. 2,000 1,983,055 3.700%, 02/15/26............................. 6,000 5,867,726 EOG Resources, Inc. 3.150%, 04/01/25............................. 6,478 6,217,068 EQT Corp. 3.900%, 10/01/27............................. 4,400 4,185,912 ERAC USA Finance LLC ## 3.850%, 11/15/24............................. 2,058 2,051,296 Exelon Corp. 3.950%, 06/15/25............................. 795 788,512 3.400%, 04/15/26............................. 5,400 5,159,807 Express Scripts Holding Co. 3.500%, 06/15/24............................. 4,596 4,401,454 3.400%, 03/01/27............................. 3,500 3,220,645 Exxon Mobil Corp. # 3.043%, 03/01/26............................. 20,686 20,001,587 FedEx Corp. 3.200%, 02/01/25............................. 2,062 1,988,552 Fidelity National Information Services, Inc. 5.000%, 10/15/25............................. 278 293,277 Fifth Third Bancorp 3.950%, 03/14/28............................. 2,943 2,912,071 FMR LLC ## 4.950%, 02/01/33............................. 1,000 1,093,658 Ford Motor Credit Co. LLC 4.375%, 08/06/23............................. 4,583 4,615,430
56 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) 3.664%, 09/08/24............................. $ 3,950 $ 3,786,644 GATX Corp. 3.250%, 03/30/25............................. 2,820 2,652,601 3.250%, 09/15/26............................. 2,200 2,034,035 General Dynamics Corp. 2.125%, 08/15/26............................. 6,500 5,780,312 General Electric Co. 6.750%, 03/15/32............................. 21,373 26,207,404 General Mills, Inc. # 4.200%, 04/17/28............................. 3,000 2,953,322 General Motors Financial Co., Inc. 5.250%, 03/01/26............................. 7,000 7,277,179 # 4.350%, 01/17/27............................. 3,000 2,919,654 Georgia Power Co. 3.250%, 04/01/26............................. 3,000 2,867,842 Georgia-Pacific LLC # 7.750%, 11/15/29............................. 4,960 6,637,929 Gilead Sciences, Inc. 3.650%, 03/01/26............................. 2,000 1,976,098 Goldman Sachs Group, Inc. (The) 4.000%, 03/03/24............................. 6,346 6,367,073 3.750%, 05/22/25............................. 2,000 1,953,450 3.750%, 02/25/26............................. 1,100 1,064,907 Halliburton Co. # 3.800%, 11/15/25............................. 4,124 4,092,045 Harley-Davidson, Inc. # 3.500%, 07/28/25............................. 5,980 5,809,222 Hasbro, Inc. 3.500%, 09/15/27............................. 2,820 2,595,590 Hewlett Packard Enterprise Co. # 4.900%, 10/15/25............................. 8,542 8,776,163 Home Depot, Inc. (The) 3.350%, 09/15/25............................. 1,403 1,382,824 Honeywell International, Inc. 2.500%, 11/01/26............................. 1,000 914,701 HSBC Holdings P.L.C. # 4.300%, 03/08/26............................. 4,000 4,055,780 HSBC USA, Inc. 3.500%, 06/23/24............................. 5,760 5,667,377 Humana, Inc. 3.850%, 10/01/24............................. 4,074 4,073,071 ING Groep NV # 3.950%, 03/29/27............................. 6,550 6,434,934 Ingersoll-Rand Luxembourg Finance SA 3.550%, 11/01/24............................. 4,280 4,224,375 Inter-American Development Bank 6.750%, 07/15/27............................. 1,058 1,314,802 Intercontinental Exchange, Inc. # 3.750%, 12/01/25............................. 5,750 5,757,935 International Business Machines Corp. # 3.300%, 01/27/27............................. 3,191 3,098,214 International Paper Co. 3.650%, 06/15/24............................. 1,058 1,040,809 3.800%, 01/15/26............................. 578 562,897
FACE AMOUNT VALUE+ ------ ------ (000) Interpublic Group of Cos., Inc. (The) 4.200%, 04/15/24............................. $ 2,151 $ 2,163,114 Intesa Sanpaolo SpA # 5.250%, 01/12/24............................. 3,526 3,680,181 ## 3.875%, 07/14/27............................. 7,500 7,037,759 ITC Holdings Corp. 3.650%, 06/15/24............................. 4,288 4,227,916 Janus Capital Group, Inc. 4.875%, 08/01/25............................. 2,000 2,071,085 Jefferies Group LLC / Jefferies Group Capital Finance, Inc. 4.850%, 01/15/27............................. 3,000 2,991,657 JM Smucker Co. (The) # 3.500%, 03/15/25............................. 5,000 4,855,005 Johnson & Johnson 2.450%, 03/01/26............................. 14,500 13,460,907 2.900%, 01/15/28............................. 3,000 2,838,460 6.950%, 09/01/29............................. 1,000 1,304,875 Johnson Controls International P.L.C. 3.625%, 07/02/24............................. 541 535,079 JPMorgan Chase & Co. 3.900%, 07/15/25............................. 4,820 4,789,889 Juniper Networks, Inc. 4.500%, 03/15/24............................. 2,327 2,364,528 Kellogg Co. 3.250%, 04/01/26............................. 6,741 6,353,053 7.450%, 04/01/31............................. 300 380,858 KeyBank NA # 3.300%, 06/01/25............................. 2,000 1,938,565 Kohl's Corp. 4.750%, 12/15/23............................. 781 804,399 Koninklijke KPN NV 8.375%, 10/01/30............................. 4,000 5,350,467 Kraft Heinz Foods Co. # 3.950%, 07/15/25............................. 8,000 7,868,340 Kroger Co. (The) # 7.500%, 04/01/31............................. 7,725 9,635,937 L3 Technologies, Inc. 3.950%, 05/28/24............................. 1,361 1,355,550 Laboratory Corp. of America Holdings 3.600%, 09/01/27............................. 3,100 2,958,412 Legg Mason, Inc. 3.950%, 07/15/24............................. 2,609 2,577,066 4.750%, 03/15/26............................. 3,205 3,300,308 Lincoln National Corp. 3.350%, 03/09/25............................. 8,425 8,124,614 Lloyds Banking Group P.L.C. 3.750%, 01/11/27............................. 5,000 4,778,177 # 4.375%, 03/22/28............................. 4,000 3,975,710 Lockheed Martin Corp. 2.900%, 03/01/25............................. 2,468 2,341,814 Loews Corp. # 3.750%, 04/01/26............................. 5,500 5,456,166
57 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) Lowe's Cos., Inc. # 3.375%, 09/15/25............................. $ 3,551 $ 3,489,360 LYB International Finance II BV # 3.500%, 03/02/27............................. 2,000 1,888,706 Macquarie Bank, Ltd. ## # 3.900%, 01/15/26............................. 5,000 4,954,992 Manufacturers & Traders Trust Co. 2.900%, 02/06/25............................. 6,527 6,239,667 Marathon Petroleum Corp. 3.625%, 09/15/24............................. 4,513 4,431,867 Marriott International, Inc. 4.000%, 04/15/28............................. 2,000 1,954,304 Marsh & McLennan Cos., Inc. 3.500%, 06/03/24............................. 1,000 984,634 3.500%, 03/10/25............................. 1,500 1,468,468 Maxim Integrated Products, Inc. 3.450%, 06/15/27............................. 2,950 2,826,847 McDonald's Corp. # 3.700%, 01/30/26............................. 9,000 8,974,304 McKesson Corp. 3.796%, 03/15/24............................. 201 199,513 Mead Johnson Nutrition Co. # 4.125%, 11/15/25............................. 4,200 4,265,940 Medtronic, Inc. 3.500%, 03/15/25............................. 1,000 989,072 Merck Sharp & Dohme Corp. 6.400%, 03/01/28............................. 6,591 7,997,579 Microsoft Corp. 2.700%, 02/12/25............................. 1,058 1,012,424 2.400%, 08/08/26............................. 10,000 9,182,384 3.300%, 02/06/27............................. 22,100 21,621,217 Mitsubishi UFJ Financial Group, Inc. # 3.850%, 03/01/26............................. 4,000 3,977,111 # 3.677%, 02/22/27............................. 2,000 1,962,593 Molson Coors Brewing Co. 3.000%, 07/15/26............................. 2,000 1,830,913 Monsanto Co. # 3.375%, 07/15/24............................. 897 870,027 5.500%, 08/15/25............................. 3,984 4,308,059 Morgan Stanley 3.875%, 01/27/26............................. 3,000 2,953,947 3.625%, 01/20/27............................. 6,000 5,780,634 Mosaic Co. (The) # 4.250%, 11/15/23............................. 1,939 1,942,211 # 4.050%, 11/15/27............................. 4,000 3,776,793 Motorola Solutions, Inc. # 3.500%, 03/01/23............................. 1,763 1,724,869 MPLX L.P. 4.125%, 03/01/27............................. 5,000 4,873,508 MUFG Bank, Ltd. 3.250%, 09/08/24............................. 1,763 1,714,864 Mylan NV 3.950%, 06/15/26............................. 7,000 6,644,082 Mylan, Inc. 4.200%, 11/29/23............................. 2,468 2,470,542
FACE AMOUNT VALUE+ ------ ------ (000) Nasdaq, Inc. 4.250%, 06/01/24............................. $ 1,551 $ 1,563,609 National Australia Bank, Ltd. ## 3.500%, 01/10/27............................. 14,790 14,346,493 National Oilwell Varco, Inc. 2.600%, 12/01/22............................. 6,068 5,781,200 Nationwide Building Society ## 3.900%, 07/21/25............................. 7,000 7,000,861 NextEra Energy Capital Holdings, Inc. 3.550%, 05/01/27............................. 2,000 1,919,444 NIKE, Inc. 2.375%, 11/01/26............................. 13,135 11,988,111 Noble Energy, Inc. 3.900%, 11/15/24............................. 1,426 1,415,725 # 3.850%, 01/15/28............................. 2,000 1,925,910 Nordstrom, Inc. # 4.000%, 03/15/27............................. 4,412 4,230,770 # 6.950%, 03/15/28............................. 282 314,366 Norfolk Southern Corp. 5.640%, 05/17/29............................. 2,048 2,287,217 Novartis Capital Corp. 3.100%, 05/17/27............................. 24,278 23,243,764 Nutrien, Ltd. 3.000%, 04/01/25............................. 1,500 1,400,468 Nuveen Finance LLC ## 4.125%, 11/01/24............................. 5,360 5,374,465 O'Reilly Automotive, Inc. 3.600%, 09/01/27............................. 3,900 3,700,065 Occidental Petroleum Corp. 3.400%, 04/15/26............................. 5,280 5,160,248 Omnicom Group, Inc. / Omnicom Capital, Inc. 3.650%, 11/01/24............................. 705 690,952 ONEOK, Inc. 4.000%, 07/13/27............................. 3,915 3,800,486 Oracle Corp. 2.650%, 07/15/26............................. 3,000 2,775,276 # 3.250%, 11/15/27............................. 22,400 21,495,081 # 3.250%, 05/15/30............................. 7,966 7,509,086 Pacific Gas & Electric Co. 3.500%, 06/15/25............................. 2,362 2,273,092 Parker-Hannifin Corp. 3.300%, 11/21/24............................. 3,356 3,319,692 Penske Truck Leasing Co. L.P. / PTL Finance Corp. ## 3.400%, 11/15/26............................. 4,000 3,749,704 PepsiCo, Inc. 3.500%, 07/17/25............................. 4,721 4,703,659 Pernod Ricard SA ## # 3.250%, 06/08/26............................. 3,000 2,870,987 Perrigo Finance Unlimited Co. 3.900%, 12/15/24............................. 6,115 5,996,781 # 4.375%, 03/15/26............................. 3,000 2,980,166 Pfizer, Inc. # 2.750%, 06/03/26............................. 13,770 12,924,680 3.000%, 12/15/26............................. 11,817 11,305,986
58 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) Philip Morris International, Inc. 3.250%, 11/10/24............................. $ 2,179 $ 2,114,721 Phillips 66 Partners L.P. 3.550%, 10/01/26............................. 4,550 4,290,560 PNC Bank NA 3.300%, 10/30/24............................. 1,763 1,722,978 2.950%, 02/23/25............................. 4,407 4,193,084 Precision Castparts Corp. # 3.250%, 06/15/25............................. 1,000 977,317 Principal Financial Group, Inc. 3.400%, 05/15/25............................. 1,177 1,142,502 3.100%, 11/15/26............................. 300 281,052 Procter & Gamble Co. (The) # 2.850%, 08/11/27............................. 15,000 14,141,295 Province of Quebec Canada 7.500%, 09/15/29............................. 2,000 2,727,396 PSEG Power LLC 4.300%, 11/15/23............................. 2,122 2,157,551 QUALCOMM, Inc. # 3.450%, 05/20/25............................. 7,026 6,723,549 Quest Diagnostics, Inc. # 3.500%, 03/30/25............................. 582 566,367 Reinsurance Group of America, Inc. 4.700%, 09/15/23............................. 2,115 2,176,011 3.950%, 09/15/26............................. 4,358 4,277,470 Rio Tinto Finance USA, Ltd. 7.125%, 07/15/28............................. 865 1,094,823 Roche Holdings, Inc. ## 2.625%, 05/15/26............................. 13,132 12,214,271 ## # 2.375%, 01/28/27............................. 7,900 7,156,852 Rockwell Automation, Inc. 2.875%, 03/01/25............................. 705 671,267 Rolls-Royce P.L.C. ## 3.625%, 10/14/25............................. 4,000 3,953,078 Royal Bank of Scotland Group P.L.C. # 4.800%, 04/05/26............................. 1,000 1,018,965 Royal Caribbean Cruises, Ltd. 7.500%, 10/15/27............................. 2,560 3,125,193 3.700%, 03/15/28............................. 296 278,898 Santander Holdings USA, Inc. 4.500%, 07/17/25............................. 9,000 9,059,982 # 4.400%, 07/13/27............................. 2,000 1,957,264 Sempra Energy 3.550%, 06/15/24............................. 3,596 3,538,271 3.750%, 11/15/25............................. 1,000 983,870 Shell International Finance BV # 2.500%, 09/12/26............................. 15,600 14,432,653 Shell International Finance BV # 2.875%, 05/10/26............................. 19,051 18,102,465 Sherwin-Williams Co. (The) 3.450%, 08/01/25............................. 5,503 5,334,035 3.950%, 01/15/26............................. 2,200 2,199,921 Siemens Financieringsmaatschappij NV ## 6.125%, 08/17/26............................. 2,080 2,422,767
FACE AMOUNT VALUE+ ------ ------ (000) Solvay Finance America LLC ## 4.450%, 12/03/25............................. $ 3,000 $ 3,069,796 Southern California Edison Co. 6.650%, 04/01/29............................. 525 633,843 Southern Power Co. 4.150%, 12/01/25............................. 2,000 2,021,206 Southwest Airlines Co. 3.000%, 11/15/26............................. 2,000 1,875,600 Spectra Energy Partners L.P. 4.750%, 03/15/24............................. 2,563 2,628,148 StanCorp Financial Group, Inc. 5.000%, 08/15/22............................. 1,763 1,844,905 Standard Chartered P.L.C. ## 4.050%, 04/12/26............................. 1,962 1,913,478 State Street Corp. 3.300%, 12/16/24............................. 7,551 7,425,236 Statoil ASA ## # 6.500%, 12/01/28............................. 5,000 6,069,628 Stryker Corp. 3.375%, 05/15/24............................. 282 278,092 3.375%, 11/01/25............................. 6,000 5,865,504 Sumitomo Mitsui Financial Group, Inc. 3.784%, 03/09/26............................. 4,000 3,958,653 # 3.544%, 01/17/28............................. 6,000 5,808,497 Suncor Energy, Inc. 3.600%, 12/01/24............................. 4,007 3,949,921 Sysco Corp. 3.750%, 10/01/25............................. 700 695,742 3.300%, 07/15/26............................. 12,345 11,787,853 Tapestry, Inc. # 4.250%, 04/01/25............................. 8,534 8,383,370 Target Corp. # 2.500%, 04/15/26............................. 9,730 8,876,535 TD Ameritrade Holding Corp. 3.625%, 04/01/25............................. 3,526 3,510,380 TechnipFMC P.L.C. ## 3.450%, 10/01/22............................. 1,741 1,690,849 Telefonica Europe BV 8.250%, 09/15/30............................. 7,275 9,712,179 Thomson Reuters Corp. 4.300%, 11/23/23............................. 2,820 2,855,193 3.850%, 09/29/24............................. 365 357,781 Time Warner, Inc. 3.550%, 06/01/24............................. 2,468 2,411,216 3.600%, 07/15/25............................. 3,500 3,380,362 3.800%, 02/15/27............................. 2,000 1,933,276 TJX Cos., Inc. (The) 2.250%, 09/15/26............................. 1,975 1,759,260 Total System Services, Inc. 4.800%, 04/01/26............................. 5,970 6,202,916 Toyota Motor Credit Corp. 3.200%, 01/11/27............................. 20,213 19,515,517 3.050%, 01/11/28............................. 14,430 13,691,991 Travelers Property Casualty Corp. 6.375%, 03/15/33............................. 375 465,455
59 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) UBS Group Funding Switzerland AG ## 4.125%, 09/24/25............................. $9,500 $ 9,444,137 UniCredit SpA ## 4.625%, 04/12/27............................. 1,000 999,063 Union Pacific Corp. 3.250%, 01/15/25............................. 8,761 8,586,761 United Technologies Corp. 7.500%, 09/15/29............................. 5,114 6,551,888 UnitedHealth Group, Inc. # 3.750%, 07/15/25............................. 5,333 5,327,298 Unum Group 4.000%, 03/15/24............................. 705 706,902 3.875%, 11/05/25............................. 9,000 8,728,714 Valero Energy Corp. 7.500%, 04/15/32............................. 1,500 1,935,227 Verizon Communications, Inc. # 3.500%, 11/01/24............................. 3,500 3,436,988 # 3.376%, 02/15/25............................. 4,916 4,772,220 # 4.125%, 03/16/27............................. 3,200 3,192,837 Viacom, Inc. 4.250%, 09/01/23............................. 353 354,843 # 3.875%, 04/01/24............................. 3,711 3,632,927 Visa, Inc. 3.150%, 12/14/25............................. 2,250 2,191,957 Vodafone Group P.L.C. 7.875%, 02/15/30............................. 8,125 10,358,676 Walgreens Boots Alliance, Inc. 3.450%, 06/01/26............................. 9,000 8,434,371 Walt Disney Co. (The) # 3.150%, 09/17/25............................. 3,526 3,456,740 WEC Energy Group, Inc. 3.550%, 06/15/25............................. 6,200 6,085,004 Wells Fargo & Co. 3.000%, 02/19/25............................. 3,526 3,309,833 3.000%, 04/22/26............................. 5,000 4,613,000 Westpac Banking Corp. 2.850%, 05/13/26............................. 1,500 1,389,641
FACE AMOUNT VALUE+ ------ ------ (000) 2.700%, 08/19/26............................. $ 10,595 $ 9,692,257 3.350%, 03/08/27............................. 7,000 6,694,262 WestRock MWV LLC 8.200%, 01/15/30............................. 4,885 6,542,351 7.950%, 02/15/31............................. 3,112 4,128,952 Whirlpool Corp. 3.700%, 05/01/25............................. 2,468 2,430,621 Williams Partners L.P. 4.000%, 09/15/25............................. 3,000 2,913,468 3.750%, 06/15/27............................. 2,771 2,604,000 Wisconsin Electric Power Co. 3.100%, 06/01/25............................. 1,763 1,704,031 Wyndham Worldwide Corp. # 3.900%, 03/01/23............................. 3,904 3,698,402 Xerox Corp. # 3.800%, 05/15/24............................. 2,276 2,204,936 Zimmer Biomet Holdings, Inc. 3.550%, 04/01/25............................. 3,000 2,887,234 Zoetis, Inc. 3.000%, 09/12/27............................. 1,500 1,386,472 -------------- TOTAL BONDS........................................ 1,736,528,056 -------------- U.S. TREASURY OBLIGATIONS -- (1.0%) U.S. Treasury Bonds 5.375%, 02/15/31............................. 15,200 19,071,844 -------------- TOTAL INVESTMENT SECURITIES........................ 1,825,315,340 -------------- SHARES ------ - SECURITIES LENDING COLLATERAL -- (8.7%) (S)@ DFA Short Term Investment Fund............... 15,060,577 174,250,875 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,078,088,527)............................ $1,999,566,215 ==============
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Agency Obligations............ -- $ 69,715,440 -- $ 69,715,440 Bonds......................... -- 1,736,528,056 -- 1,736,528,056 U.S. Treasury Obligations..... -- 19,071,844 -- 19,071,844 Securities Lending Collateral. -- 174,250,875 -- 174,250,875 -- -------------- -- -------------- TOTAL......................... -- $1,999,566,215 -- $1,999,566,215 == ============== == ==============
See accompanying Notes to Financial Statements. 60 DFA TARGETED CREDIT PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT^ VALUE+ ------- ------ (000) BONDS -- (92.6%) AUSTRALIA -- (2.9%) Australia & New Zealand Banking Group, Ltd. 2.625%, 05/19/22............................. 1,000 $ 969,868 BHP Billiton Finance USA, Ltd. 2.875%, 02/24/22............................. 929 917,850 BHP Billiton Finance, Ltd. 0.750%, 10/28/22............................. EUR 2,554 3,127,651 Commonwealth Bank of Australia ## 2.750%, 03/10/22............................. 991 966,423 FMG Resources August 2006 Pty, Ltd. # 4.750%, 05/15/22............................. 1,300 1,288,950 Macquarie Group, Ltd. ## 6.000%, 01/14/20............................. 1,150 1,199,188 National Australia Bank, Ltd. 2.800%, 01/10/22............................. 1,000 980,192 2.500%, 05/22/22............................. 5,500 5,306,369 Origin Energy Finance, Ltd. ## 3.500%, 10/09/18............................. 835 835,585 Westpac Banking Corp. 2.500%, 06/28/22............................. 2,500 2,406,991 ----------- TOTAL AUSTRALIA.................................. 17,999,067 ----------- BELGIUM -- (0.6%) Anheuser-Busch InBev SA 0.875%, 03/17/22............................. EUR 3,272 4,039,261 ----------- CANADA -- (4.7%) Bank of Montreal # 1.900%, 08/27/21............................. 1,000 956,880 Bank of Nova Scotia (The) 4.375%, 01/13/21............................. 1,300 1,339,662 2.700%, 03/07/22............................. 2,000 1,948,805 0.375%, 04/06/22............................. EUR 1,000 1,204,242 Canadian Imperial Bank of Commerce 2.550%, 06/16/22............................. 2,000 1,930,743 2.300%, 07/11/22............................. CAD 3,000 2,286,888 Canadian National Railway Co. 2.850%, 12/15/21............................. 565 560,363 Canadian Natural Resources, Ltd. 3.450%, 11/15/21............................. 2,800 2,800,700 Cenovus Energy, Inc. 5.700%, 10/15/19............................. 800 824,400 3.000%, 08/15/22............................. 800 765,812 Enbridge, Inc. 2.900%, 07/15/22............................. 2,167 2,092,126 3.190%, 12/05/22............................. CAD 1,000 774,859
FACE AMOUNT^ VALUE+ ------- ------ (000) CANADA -- (Continued) Goldcorp, Inc. 3.625%, 06/09/21............................. 1,700 $ 1,700,252 Husky Energy, Inc. 7.250%, 12/15/19............................. 925 982,012 Kinross Gold Corp. # 5.125%, 09/01/21............................. 1,250 1,280,050 Province of Ontario Canada 2.250%, 05/18/22............................. 1,000 965,571 Rogers Communications, Inc. 4.000%, 06/06/22............................. CAD 2,500 2,026,909 Teck Resources, Ltd. 4.750%, 01/15/22............................. 1,000 1,014,380 3.750%, 02/01/23............................. 1,000 968,750 Toronto-Dominion Bank (The) 2.125%, 04/07/21............................. 1,000 970,561 # 1.800%, 07/13/21............................. 1,000 956,930 Videotron, Ltd. # 5.000%, 07/15/22............................. 1,350 1,378,687 ----------- TOTAL CANADA....................................... 29,729,582 ----------- DENMARK -- (0.5%) AP Moeller - Maersk A.S. ## 2.875%, 09/28/20............................. 1,000 987,060 Danske Bank A.S. ## 2.750%, 09/17/20............................. 1,500 1,482,160 ## 2.800%, 03/10/21............................. 700 690,367 ----------- TOTAL DENMARK...................................... 3,159,587 ----------- FINLAND -- (0.3%) Nokia Oyj 3.375%, 06/12/22............................. 1,728 1,668,384 ----------- FRANCE -- (3.7%) Air Liquide Finance SA 0.500%, 06/13/22............................. EUR 3,700 4,505,195 BNP Paribas SA 5.000%, 01/15/21............................. 531 556,955 0.500%, 06/01/22............................. EUR 2,800 3,398,348 BPCE SA # 2.650%, 02/03/21............................. 700 687,261 2.750%, 12/02/21............................. 1,000 976,078 1.125%, 12/14/22............................. EUR 1,200 1,491,802 Danone SA ## # 2.077%, 11/02/21............................. 2,770 2,651,666 Electricite de France SA 3.875%, 01/18/22............................. EUR 1,200 1,640,412 Orange SA 5.375%, 07/08/19............................. 200 205,558 # 4.125%, 09/14/21............................. 900 926,390 Pernod Ricard SA ## 5.750%, 04/07/21............................. 2,000 2,131,700
61 DFA TARGETED CREDIT PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) FRANCE -- (Continued) Societe Generale SA ## 2.625%, 09/16/20............................. 1,000 $ 985,821 ## 2.500%, 04/08/21............................. 1,000 974,805 4.250%, 07/13/22............................. EUR 1,500 2,101,354 ----------- TOTAL FRANCE....................................... 23,233,345 ----------- GERMANY -- (4.1%) BMW Finance NV 1.250%, 09/05/22............................. EUR 600 751,658 BMW US Capital LLC ## # 2.000%, 04/11/21............................. 2,335 2,251,399 0.625%, 04/20/22............................. EUR 750 917,231 Daimler Canada Finance, Inc. 2.230%, 12/16/21............................. CAD 2,000 1,521,212 Daimler Finance North America LLC ## 2.850%, 01/06/22............................. 2,500 2,442,950 Deutsche Bank AG 2.950%, 08/20/20............................. 1,000 984,050 3.125%, 01/13/21............................. 500 490,917 1.500%, 01/20/22............................. EUR 1,700 2,086,203 Deutsche Telekom International Finance BV ## 1.950%, 09/19/21............................. 1,500 1,432,554 4.250%, 07/13/22............................. EUR 800 1,122,565 EMD Finance LLC ## 2.950%, 03/19/22............................. 3,288 3,219,906 Siemens Financieringsmaatschappij NV ## 1.700%, 09/15/21............................. 1,000 953,050 2.900%, 05/27/22............................. 1,500 1,474,339 T-Mobile USA, Inc. # 4.000%, 04/15/22............................. 1,239 1,238,226 Volkswagen Leasing GmbH 2.125%, 04/04/22............................. EUR 900 1,151,583 2.375%, 09/06/22............................. EUR 1,800 2,326,302 ZF North America Capital, Inc. ## 4.500%, 04/29/22............................. 1,099 1,121,530 ----------- TOTAL GERMANY...................................... 25,485,675 ----------- IRELAND -- (1.8%) Allergan Finance LLC 3.250%, 10/01/22............................. 1,000 968,469 Allergan Funding SCS 3.450%, 03/15/22............................. 3,000 2,949,080 Eaton Corp. 2.750%, 11/02/22............................. 1,500 1,452,659 Ireland Government Bond 0.0%, 10/18/22............................... EUR 3,900 4,695,500 Perrigo Finance Unlimited Co. 3.500%, 03/15/21............................. 1,180 1,175,314 ----------- TOTAL IRELAND...................................... 11,241,022 -----------
FACE AMOUNT^ VALUE+ ------- ------ (000) ITALY -- (1.4%) Enel Finance International NV 5.000%, 09/14/22............................. EUR 622 $ 899,775 Intesa Sanpaolo SpA # 3.875%, 01/15/19............................. 475 477,684 0.875%, 06/27/22............................. EUR 1,000 1,217,699 ## # 3.125%, 07/14/22............................. 2,000 1,926,740 Italy Buoni Poliennali Del Tesoro 1.200%, 04/01/22............................. EUR 2,820 3,516,448 0.950%, 03/01/23............................. EUR 400 490,092 ----------- TOTAL ITALY........................................ 8,528,438 ----------- JAPAN -- (4.3%) Beam Suntory, Inc. 1.750%, 06/15/18............................. 200 199,764 Daiwa Securities Group, Inc. ## 3.129%, 04/19/22............................. 1,500 1,468,765 Honda Canada Finance, Inc. 2.268%, 07/15/22............................. CAD 5,500 4,185,346 Japan Bank for International Cooperation 2.000%, 11/04/21............................. 2,000 1,926,110 Mizuho Financial Group, Inc. ## 2.632%, 04/12/21............................. 800 781,203 2.953%, 02/28/22............................. 3,500 3,417,905 MUFG Bank, Ltd. 0.875%, 03/11/22............................. EUR 2,068 2,539,166 Nissan Motor Acceptance Corp. ## 2.550%, 03/08/21............................. 1,100 1,076,413 ## 2.650%, 07/13/22............................. 1,000 963,583 ## 2.600%, 09/28/22............................. 1,000 959,377 SoftBank Group Corp. ## 4.500%, 04/15/20............................. 1,510 1,549,637 Sumitomo Mitsui Banking Corp. 1.000%, 01/19/22............................. EUR 1,000 1,234,191 Sumitomo Mitsui Financial Group, Inc. 2.058%, 07/14/21............................. 1,000 960,946 Toyota Motor Credit Corp. 2.600%, 01/11/22............................. 5,776 5,653,460 ----------- TOTAL JAPAN........................................ 26,915,866 ----------- LUXEMBOURG -- (0.2%) ArcelorMittal 5.125%, 06/01/20............................. 1,243 1,280,290 ----------- NETHERLANDS -- (1.5%) Heineken NV ## # 3.400%, 04/01/22............................. 1,011 1,014,493 ING Bank NV ## 2.750%, 03/22/21............................. 1,500 1,479,486 4.500%, 02/21/22............................. EUR 1,000 1,400,694
62 DFA TARGETED CREDIT PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) NETHERLANDS -- (Continued) ING Groep NV 0.750%, 03/09/22............................. EUR 1,600 $ 1,950,329 LyondellBasell Industries NV # 6.000%, 11/15/21............................. 1,677 1,802,472 Mylan NV 3.750%, 12/15/20............................. 885 887,710 Shell International Finance BV # 1.875%, 05/10/21............................. 1,000 968,154 ----------- TOTAL NETHERLANDS................................ 9,503,338 ----------- SPAIN -- (1.7%) Banco Santander SA 3.848%, 04/12/23............................. 3,000 2,976,136 Iberdrola Finance Ireland DAC ## 5.000%, 09/11/19............................. 99 101,420 Santander Holdings USA, Inc. 2.650%, 04/17/20............................. 800 790,568 Santander UK Group Holdings P.L.C. 2.875%, 08/05/21............................. 1,000 977,809 Santander UK P.L.C. 2.375%, 03/16/20............................. 130 128,312 Spain Government Bond 0.450%, 10/31/22............................. EUR 3,000 3,663,247 Telefonica Emisiones SAU 5.134%, 04/27/20............................. 200 207,814 5.462%, 02/16/21............................. 1,185 1,253,230 2.242%, 05/27/22............................. EUR 400 518,157 ----------- TOTAL SPAIN...................................... 10,616,693 ----------- SWEDEN -- (0.3%) Telefonaktiebolaget LM Ericsson # 4.125%, 05/15/22............................. 2,000 1,979,853 ----------- SWITZERLAND -- (0.6%) ABB Finance USA, Inc. 2.875%, 05/08/22............................. 500 490,994 Credit Suisse AG 3.000%, 10/29/21............................. 1,457 1,441,767 Credit Suisse Group Funding Guernsey, Ltd. 1.250%, 04/14/22............................. EUR 1,600 1,974,493 ----------- TOTAL SWITZERLAND................................ 3,907,254 ----------- UNITED KINGDOM -- (5.8%) Anglo American Capital P.L.C. ## 4.125%, 04/15/21............................. 200 201,656 3.500%, 03/28/22............................. EUR 1,800 2,401,633 ## 3.750%, 04/10/22............................. 1,000 990,730
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED KINGDOM -- (Continued) Aon P.L.C. 2.800%, 03/15/21............................. 1,500 $ 1,472,655 AstraZeneca P.L.C. 2.375%, 11/16/20............................. 2,250 2,212,498 2.375%, 06/12/22............................. 1,500 1,437,493 BAE Systems Holdings, Inc. ## 2.850%, 12/15/20............................. 1,650 1,630,540 Barclays P.L.C. 2.750%, 11/08/19............................. 1,000 993,117 1.500%, 04/01/22............................. EUR 1,100 1,364,397 BAT International Finance P.L.C. 3.625%, 11/09/21............................. EUR 700 938,350 1.000%, 05/23/22............................. EUR 1,333 1,630,401 ## # 3.250%, 06/07/22............................. 1,000 983,245 Baxalta, Inc. 2.875%, 06/23/20............................. 400 395,848 BP Capital Markets P.L.C. # 3.561%, 11/01/21............................. 2,000 2,025,684 1.373%, 03/03/22............................. EUR 2,146 2,692,523 British Telecommunications P.L.C. 0.500%, 06/23/22............................. EUR 3,100 3,737,105 CNH Industrial Capital LLC 3.875%, 10/15/21............................. 1,000 1,002,580 # 4.375%, 04/05/22............................. 250 253,750 Coca-Cola European Partners P.L.C. 0.750%, 02/24/22............................. EUR 1,846 2,258,837 Coca-Cola European Partners US LLC 4.500%, 09/01/21............................. 270 278,646 GlaxoSmithKline Capital P.L.C. # 2.850%, 05/08/22............................. 1,000 984,029 HSBC Holdings P.L.C. 4.000%, 03/30/22............................. 700 714,018 Lloyds Banking Group P.L.C. 3.100%, 07/06/21............................. 1,000 992,507 # 3.000%, 01/11/22............................. 600 588,503 Sky P.L.C. ## 2.625%, 09/16/19............................. 750 745,793 TechnipFMC P.L.C. ## 3.450%, 10/01/22............................. 1,000 971,194 Unilever NV 0.500%, 02/03/22............................. EUR 1,125 1,370,415 Vodafone Group P.L.C. 2.500%, 09/26/22............................. 1,000 953,118 ----------- TOTAL UNITED KINGDOM............................... 36,221,265 ----------- UNITED STATES -- (58.2%) Abbott Laboratories 4.125%, 05/27/20............................. $ 1,000 1,019,915
63 DFA TARGETED CREDIT PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) AbbVie, Inc. # 2.900%, 11/06/22............................. 2,500 $2,433,086 Activision Blizzard, Inc. 2.600%, 06/15/22............................. 600 579,119 Advance Auto Parts, Inc. 5.750%, 05/01/20............................. 985 1,029,594 Aetna, Inc. 4.125%, 06/01/21............................. 916 933,543 Agilent Technologies, Inc. # 5.000%, 07/15/20............................. 435 452,257 Ally Financial, Inc. 7.500%, 09/15/20............................. 500 541,250 # 4.125%, 02/13/22............................. 850 844,687 Altria Group, Inc. 2.850%, 08/09/22............................. 2,000 1,948,217 Amazon.com, Inc. # 3.300%, 12/05/21............................. 1,000 1,007,300 Ameren Corp. 2.700%, 11/15/20............................. 1,525 1,504,019 American Express Co. 2.500%, 08/01/22............................. 2,500 2,397,947 American Express Credit Corp. # 2.250%, 05/05/21............................. 1,000 974,279 0.625%, 11/22/21............................. EUR 700 853,579 American International Group, Inc. 4.875%, 06/01/22............................. 1,750 1,830,138 AmerisourceBergen Corp. 3.500%, 11/15/21............................. 1,257 1,259,426 Amgen, Inc. 4.100%, 06/15/21............................. 1,000 1,023,058 1.250%, 02/25/22............................. EUR 1,500 1,868,176 Andeavor Logistics L.P. / Tesoro Logistics Finance Corp. 5.500%, 10/15/19............................. 500 514,350 Anixter, Inc. 5.125%, 10/01/21............................. 1,175 1,204,375 Anthem, Inc. 3.125%, 05/15/22............................. 3,000 2,933,173 Anthem, Inc. 4.350%, 08/15/20............................. 200 205,123 Apache Corp. 3.250%, 04/15/22............................. 2,359 2,327,685 2.625%, 01/15/23............................. 500 475,007 Apple, Inc. 2.300%, 05/11/22............................. 500 484,378 2.100%, 09/12/22............................. 2,000 1,916,940 Arconic, Inc. # 5.870%, 02/23/22............................. 1,200 1,249,500 Arrow Electronics, Inc. 3.500%, 04/01/22............................. 700 687,540 Ashland LLC # 4.750%, 08/15/22............................. 1,920 1,936,800
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) AT&T, Inc. # 4.600%, 02/15/21............................. 600 $ 618,352 5.000%, 03/01/21............................. 1,200 1,255,306 3.875%, 08/15/21............................. 300 304,914 1.450%, 06/01/22............................. EUR 400 500,355 Autodesk, Inc. 3.125%, 06/15/20............................. 750 747,165 AutoZone, Inc. 2.500%, 04/15/21............................. 1,695 1,659,638 Avnet, Inc. 4.875%, 12/01/22............................. 3,000 3,087,629 Baker Hughes a GE Co. LLC 3.200%, 08/15/21............................. 309 309,535 Ball Corp. 4.375%, 12/15/20............................. 500 508,125 5.000%, 03/15/22............................. 750 777,187 Bank of America Corp. # 2.625%, 10/19/20............................. 120 118,565 5.700%, 01/24/22............................. 1,000 1,081,698 3.228%, 06/22/22............................. CAD 1,000 785,677 1.625%, 09/14/22............................. EUR 1,050 1,321,416 Bank of New York Mellon Corp. (The) 2.450%, 11/27/20............................. 301 296,538 2.600%, 02/07/22............................. 1,000 976,571 Baxter International, Inc. 1.700%, 08/15/21............................. 1,500 1,422,971 BB&T Corp. 2.750%, 04/01/22............................. 2,000 1,955,019 Becton Dickinson and Co. # 3.125%, 11/08/21............................. 2,700 2,655,865 Bemis Co., Inc. 4.500%, 10/15/21............................. 500 516,514 Best Buy Co., Inc. # 5.500%, 03/15/21............................. 2,000 2,101,295 Biogen, Inc. 3.625%, 09/15/22............................. 2,000 1,999,983 Booking Holdings, Inc. 0.800%, 03/10/22............................. EUR 2,900 3,541,549 Boston Scientific Corp. 3.375%, 05/15/22............................. 2,500 2,478,625 Burlington Northern Santa Fe LLC 3.450%, 09/15/21............................. 1,000 1,005,277 CA, Inc. 5.375%, 12/01/19............................. 700 724,931 Capital One Financial Corp. # 4.750%, 07/15/21............................. 1,900 1,973,853 3.200%, 01/30/23............................. 2,000 1,938,685 Carpenter Technology Corp. 5.200%, 07/15/21............................. 1,420 1,462,832 Caterpillar Financial Services Corp. 1.700%, 08/09/21............................. 1,000 955,262
64 DFA TARGETED CREDIT PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Caterpillar, Inc. # 3.900%, 05/27/21............................. 1,000 $1,023,053 CBS Corp. 3.375%, 03/01/22............................. 1,000 990,540 Celgene Corp. 3.550%, 08/15/22............................. 2,371 2,352,849 Charles Schwab Corp. (The) 4.450%, 07/22/20............................. 200 206,023 Chevron Corp. 2.100%, 05/16/21............................. 657 640,813 2.498%, 03/03/22............................. 1,000 979,099 Choice Hotels International, Inc. 5.750%, 07/01/22............................. 1,350 1,427,625 Church & Dwight Co., Inc. 2.875%, 10/01/22............................. 2,000 1,955,025 Cigna Corp. 4.000%, 02/15/22............................. 2,400 2,434,781 CIT Group, Inc. 5.375%, 05/15/20............................. 542 559,615 Citigroup, Inc. 2.700%, 03/30/21............................. 1,100 1,082,371 1.375%, 10/27/21............................. EUR 400 500,381 3.390%, 11/18/21............................. CAD 2,000 1,583,457 Citizens Bank NA # 2.550%, 05/13/21............................. 1,600 1,565,137 2.650%, 05/26/22............................. 1,000 965,839 CMS Energy Corp. 5.050%, 03/15/22............................. 500 525,578 CNA Financial Corp. 5.875%, 08/15/20............................. 515 544,022 5.750%, 08/15/21............................. 720 766,988 CNO Financial Group, Inc. 4.500%, 05/30/20............................. 1,400 1,407,000 Comcast Corp. 3.125%, 07/15/22............................. 1,000 992,883 Conagra Brands, Inc. 3.200%, 01/25/23............................. 1,643 1,612,121 Consolidated Edison, Inc. 2.000%, 05/15/21............................. 1,860 1,792,473 Constellation Brands, Inc. 2.700%, 05/09/22............................. 2,475 2,389,138 Corning, Inc. 4.250%, 08/15/20............................. 1,000 1,021,685 Cox Communications, Inc. ## 3.250%, 12/15/22............................. 2,192 2,137,093 CVS Health Corp. 2.800%, 07/20/20............................. 500 496,917 4.125%, 05/15/21............................. 800 816,993 2.125%, 06/01/21............................. 500 482,406 2.750%, 12/01/22............................. 1,000 960,418 DCP Midstream Operating L.P. # 4.950%, 04/01/22............................. 1,200 1,218,000
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Dell, Inc. 4.625%, 04/01/21............................. 500 $ 505,625 DH Europe Finance SA 1.700%, 01/04/22............................. EUR 1,600 2,025,475 Discovery Communications LLC 5.625%, 08/15/19............................. 398 410,828 ## 2.750%, 11/15/19............................. 575 571,665 ## 2.800%, 06/15/20............................. 550 543,625 # 4.375%, 06/15/21............................. 2,176 2,219,970 Dominion Energy, Inc. 4.450%, 03/15/21............................. 850 872,081 Dow Chemical Co. (The) 4.250%, 11/15/20............................. 1,387 1,420,341 Dr Pepper Snapple Group, Inc. 2.700%, 11/15/22............................. 1,000 950,810 DTE Energy Co. 2.400%, 12/01/19............................. 700 690,451 Duke Energy Corp. 2.400%, 08/15/22............................. 1,775 1,692,744 E*TRADE Financial Corp. 2.950%, 08/24/22............................. 3,500 3,390,603 Eastman Chemical Co. 4.500%, 01/15/21............................. 34 34,937 eBay, Inc. # 2.875%, 08/01/21............................. 1,500 1,477,647 2.600%, 07/15/22............................. 500 481,344 2.750%, 01/30/23............................. 416 399,636 Ecolab, Inc. 4.350%, 12/08/21............................. 1,224 1,269,831 2.375%, 08/10/22............................. 1,175 1,131,530 Edgewell Personal Care Co. # 4.700%, 05/24/22............................. 850 828,410 Edgewell Personal Care Co. # 4.700%, 05/19/21............................. 900 891,090 Edison International 2.400%, 09/15/22............................. 2,454 2,326,788 Electronic Arts, Inc. 3.700%, 03/01/21............................. 1,962 1,982,498 EMC Corp. 2.650%, 06/01/20............................. 1,000 974,261 Energy Transfer Partners L.P. # 3.600%, 02/01/23............................. 2,500 2,429,636 Enterprise Products Operating LLC # 5.250%, 01/31/20............................. 400 414,516 2.850%, 04/15/21............................. 1,500 1,478,977 Eversource Energy 2.500%, 03/15/21............................. 900 882,734 Exelon Corp. 5.150%, 12/01/20............................. 300 310,405
65 DFA TARGETED CREDIT PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Exelon Generation Co. LLC 2.950%, 01/15/20............................. 150 $ 149,456 # 4.000%, 10/01/20............................. 1,000 1,013,975 # 3.400%, 03/15/22............................. 1,000 990,832 4.250%, 06/15/22............................. 500 511,836 Express Scripts Holding Co. # 3.300%, 02/25/21............................. 2,000 1,989,891 3.900%, 02/15/22............................. 500 501,865 Fidelity National Information Services, Inc. 2.250%, 08/15/21............................. 2,000 1,928,220 Fifth Third Bancorp 3.500%, 03/15/22............................. 2,000 1,998,284 Ford Credit Canada Co. 2.766%, 06/22/22............................. CAD 2,500 1,896,783 Ford Motor Credit Co. LLC 3.200%, 01/15/21............................. 800 792,759 3.336%, 03/18/21............................. 1,500 1,488,996 Fortune Brands Home & Security, Inc. 3.000%, 06/15/20............................. 500 495,573 Gap, Inc. (The) # 5.950%, 04/12/21............................. 1,296 1,363,494 GATX Corp. 2.500%, 07/30/19............................. 500 495,845 General Electric Co. 0.375%, 05/17/22............................. EUR 3,000 3,601,280 # 2.700%, 10/09/22............................. 1,500 1,447,008 General Mills, Inc. 3.150%, 12/15/21............................. 985 976,268 General Motors Financial Co., Inc. # 3.200%, 07/06/21............................. 2,800 2,766,554 3.450%, 01/14/22............................. 800 791,133 Gilead Sciences, Inc. # 4.400%, 12/01/21............................. 2,005 2,080,927 Goldman Sachs Group, Inc. (The) 5.375%, 03/15/20............................. 500 520,521 2.625%, 04/25/21............................. 1,000 978,703 5.250%, 07/27/21............................. 750 792,879 5.750%, 01/24/22............................. 957 1,029,650 Graphic Packaging International LLC 4.750%, 04/15/21............................. 1,210 1,222,100 Great Plains Energy, Inc. 4.850%, 06/01/21............................. 915 943,495 Harley-Davidson Financial Services, Inc. ## 2.550%, 06/09/22............................. 3,000 2,864,754 Harris Corp. 2.700%, 04/27/20............................. 1,570 1,556,794 Hartford Financial Services Group, Inc. (The) 5.125%, 04/15/22............................. 400 423,773
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Hasbro, Inc. 3.150%, 05/15/21............................. 1,384 $1,377,217 Hewlett Packard Enterprise Co. 3.600%, 10/15/20............................. 236 237,680 Huntington Bancshares, Inc. 3.150%, 03/14/21............................. 1,500 1,493,363 2.300%, 01/14/22............................. 400 384,404 Huntington National Bank (The) 2.400%, 04/01/20............................. 500 493,192 Indiana Michigan Power Co. 7.000%, 03/15/19............................. 400 414,065 International Business Machines Corp. 0.500%, 09/07/21............................. EUR 700 854,683 JPMorgan Chase & Co. 2.550%, 10/29/20............................. 400 394,195 2.750%, 08/24/22............................. EUR 2,868 3,790,791 Kellogg Co. 4.000%, 12/15/20............................. 800 816,821 0.800%, 11/17/22............................. EUR 2,500 3,038,755 KeyBank NA 2.300%, 09/14/22............................. 550 525,275 KeyCorp 2.900%, 09/15/20............................. 700 695,030 Kraft Heinz Foods Co. 3.500%, 06/06/22............................. 2,900 2,884,768 Kroger Co. (The) 3.300%, 01/15/21............................. 1,167 1,167,836 3.400%, 04/15/22............................. 975 968,036 # 2.800%, 08/01/22............................. 1,500 1,450,483 L Brands, Inc. 5.625%, 02/15/22............................. 1,450 1,504,520 L3 Technologies, Inc. 4.750%, 07/15/20............................. 1,000 1,034,086 4.950%, 02/15/21............................. 164 170,054 Laboratory Corp. of America Holdings 3.200%, 02/01/22............................. 900 887,644 Legg Mason, Inc. 2.700%, 07/15/19............................. 823 818,520 Leidos Holdings, Inc. 4.450%, 12/01/20............................. 1,100 1,102,750 Lennar Corp. ## 6.625%, 05/01/20............................. 600 630,000 ## 8.375%, 01/15/21............................. 500 553,750 4.125%, 01/15/22............................. 1,400 1,394,750 Liberty Mutual Group, Inc. ## 5.000%, 06/01/21............................. 2,400 2,495,504 ## 4.950%, 05/01/22............................. 615 642,961 Lincoln National Corp. 6.250%, 02/15/20............................. 300 315,442 4.850%, 06/24/21............................. 880 919,154
66 DFA TARGETED CREDIT PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Lowe's Cos., Inc. 3.750%, 04/15/21............................. 2,000 $2,039,495 Macy's Retail Holdings, Inc. # 3.450%, 01/15/21............................. 1,500 1,489,652 Manufacturers & Traders Trust Co. 2.500%, 05/18/22............................. 2,300 2,218,192 Marathon Petroleum Corp. 3.400%, 12/15/20............................. 2,100 2,108,002 Marriott International, Inc. 2.875%, 03/01/21............................. 800 791,938 Marsh & McLennan Cos., Inc. 2.750%, 01/30/22............................. 2,260 2,203,062 Mattel, Inc. 2.350%, 05/06/19............................. 800 784,000 # 2.350%, 08/15/21............................. 1,900 1,704,870 Mead Johnson Nutrition Co. # 3.000%, 11/15/20............................. 919 916,620 Meritage Homes Corp. 7.150%, 04/15/20............................. 1,300 1,378,000 MetLife, Inc. # 4.750%, 02/08/21............................. 1,441 1,498,501 MGM Resorts International # 7.750%, 03/15/22............................. 1,500 1,663,125 Molson Coors Brewing Co. 2.100%, 07/15/21............................. 2,000 1,916,444 Mondelez International Holdings Netherlands BV ## 2.000%, 10/28/21............................. 3,000 2,856,129 Morgan Stanley 2.500%, 04/21/21............................. 1,000 976,958 5.500%, 07/28/21............................. 200 212,500 3.125%, 08/05/21............................. CAD 1,600 1,254,965 # 2.625%, 11/17/21............................. 1,500 1,459,859 Mosaic Co. (The) 3.750%, 11/15/21............................. 2,000 1,995,246 Murphy Oil Corp. 4.000%, 06/01/22............................. 500 488,750 National Oilwell Varco, Inc. # 2.600%, 12/01/22............................. 1,500 1,429,104 NetApp, Inc. 3.375%, 06/15/21............................. 2,000 1,988,404 Newfield Exploration Co. # 5.750%, 01/30/22............................. 1,900 1,995,000 Newmont Mining Corp. 3.500%, 03/15/22............................. 1,000 994,961 NextEra Energy Capital Holdings, Inc. 4.500%, 06/01/21............................. 1,000 1,030,039 Noble Energy, Inc. 4.150%, 12/15/21............................. 1,676 1,703,511 Nordstrom, Inc. 4.750%, 05/01/20............................. 1,000 1,028,391 # 4.000%, 10/15/21............................. 1,000 1,011,998
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Northrop Grumman Corp. 2.550%, 10/15/22............................. 3,000 $2,889,895 NuStar Logistics L.P. 6.750%, 02/01/21............................. 1,083 1,123,612 NVIDIA Corp. 2.200%, 09/16/21............................. 993 963,442 Occidental Petroleum Corp. 3.125%, 02/15/22............................. 476 474,529 Omnicom Group, Inc. 3.625%, 05/01/22............................. 1,400 1,400,920 ONEOK, Inc. 4.250%, 02/01/22............................. 1,066 1,083,909 Oracle Corp. # 2.500%, 05/15/22............................. 4,250 4,147,280 2.500%, 10/15/22............................. 1,951 1,893,878 Pacific Gas & Electric Co. 3.500%, 10/01/20............................. 500 501,062 4.250%, 05/15/21............................. 797 813,565 Penske Truck Leasing Co. L.P. / PTL Finance Corp. ## 3.375%, 02/01/22............................. 2,104 2,081,775 ## 4.250%, 01/17/23............................. 1,209 1,233,569 Philip Morris International, Inc. 2.375%, 08/17/22............................. 2,291 2,195,886 2.500%, 08/22/22............................. 2,000 1,923,956 Phillips 66 4.300%, 04/01/22............................. 1,500 1,552,202 Plains All American Pipeline L.P. / PAA Finance Corp. 2.850%, 01/31/23............................. 1,500 1,405,257 PNC Bank NA 2.550%, 12/09/21............................. 1,000 973,968 PolyOne Corp. # 5.250%, 03/15/23............................. 1,400 1,433,250 Procter & Gamble Co. (The) 2.150%, 08/11/22............................. 1,500 1,444,559 Progress Energy, Inc. 4.400%, 01/15/21............................. 1,100 1,126,025 PulteGroup, Inc. # 4.250%, 03/01/21............................. 1,475 1,482,522 QEP Resources, Inc. # 5.375%, 10/01/22............................. 1,500 1,500,000 QUALCOMM, Inc. 3.000%, 05/20/22............................. 1,145 1,116,579 2.600%, 01/30/23............................. 1,800 1,703,497 Quest Diagnostics, Inc. 2.700%, 04/01/19............................. 200 199,993 Radian Group, Inc. 7.000%, 03/15/21............................. 1,205 1,289,350 Regions Financial Corp. 3.200%, 02/08/21............................. 1,300 1,294,155 2.750%, 08/14/22............................. 1,000 964,018 Republic Services, Inc. 3.550%, 06/01/22............................. 1,000 1,000,540 Reynolds American, Inc. 6.875%, 05/01/20............................. 500 534,255
67 DFA TARGETED CREDIT PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Rockies Express Pipeline LLC ## 5.625%, 04/15/20............................. 1,100 $1,138,841 Rockwell Collins, Inc. 2.800%, 03/15/22............................. 2,000 1,941,550 Roper Technologies, Inc. 3.000%, 12/15/20............................. 1,200 1,192,976 2.800%, 12/15/21............................. 1,000 977,352 Ryder System, Inc. 3.450%, 11/15/21............................. 900 899,535 3.400%, 03/01/23............................. 2,000 1,978,401 Santander Holdings USA, Inc. 3.400%, 01/18/23............................. 1,000 968,621 SCANA Corp. 6.250%, 04/01/20............................. 550 570,642 # 4.750%, 05/15/21............................. 1,000 1,012,990 Sealed Air Corp. ## # 6.500%, 12/01/20............................. 1,449 1,535,940 Sherwin-Williams Co. (The) 2.750%, 06/01/22............................. 1,000 968,188 Southern Co. (The) 2.750%, 06/15/20............................. 250 247,694 Southern Power Co. 2.500%, 12/15/21............................. 898 870,877 1.000%, 06/20/22............................. EUR 950 1,164,649 State Street Corp. 1.950%, 05/19/21............................. 500 483,980 Stryker Corp. 2.625%, 03/15/21............................. 2,086 2,057,568 SunTrust Bank 2.450%, 08/01/22............................. 2,750 2,639,958 SunTrust Banks, Inc. 2.900%, 03/03/21............................. 150 148,455 Symantec Corp. # 4.200%, 09/15/20............................. 1,000 1,011,426 Target Corp. # 2.900%, 01/15/22............................. 1,750 1,742,817 Thermo Fisher Scientific, Inc. 4.500%, 03/01/21............................. 830 858,187 2.150%, 07/21/22............................. EUR 500 643,599 Time Warner Cable LLC 4.125%, 02/15/21............................. 100 100,854 Time Warner Cable, Inc. 5.000%, 02/01/20............................. 1,100 1,128,936 Time Warner, Inc. 2.100%, 06/01/19............................. 105 104,052 Toll Brothers Finance Corp. 5.875%, 02/15/22............................. 1,100 1,163,250 Total System Services, Inc. 3.800%, 04/01/21............................. 234 235,047 Travelers Cos., Inc. (The) 3.900%, 11/01/20............................. 250 254,337 TRI Pointe Group, Inc. 4.875%, 07/01/21............................. 1,100 1,111,000
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Tupperware Brands Corp. 4.750%, 06/01/21............................. 1,700 $1,737,683 Tyson Foods, Inc. 4.500%, 06/15/22............................. 1,000 1,034,391 United Continental Holdings, Inc. 6.000%, 12/01/20............................. 1,000 1,049,800 4.250%, 10/01/22............................. 1,000 974,000 UnitedHealth Group, Inc. # 2.125%, 03/15/21............................. 1,200 1,167,764 # 2.875%, 12/15/21............................. 500 493,701 Unum Group 3.000%, 05/15/21............................. 1,000 985,081 US Bancorp # 2.625%, 01/24/22............................. 1,000 979,707 Verizon Communications, Inc. # 3.450%, 03/15/21............................. 215 216,748 3.500%, 11/01/21............................. 500 503,997 2.375%, 02/17/22............................. EUR 2,500 3,241,976 VF Corp. 3.500%, 09/01/21............................. 1,040 1,054,799 Viacom, Inc. 2.750%, 12/15/19............................. 598 592,410 Walgreen Co. 3.100%, 09/15/22............................. 500 488,308 Walgreens Boots Alliance, Inc. # 3.300%, 11/18/21............................. 1,000 995,940 Waste Management, Inc. 4.600%, 03/01/21............................. 1,288 1,334,535 Wells Fargo & Co. 2.500%, 03/04/21............................. 2,000 1,958,914 2.094%, 04/25/22............................. CAD 3,000 2,256,490 1.500%, 09/12/22............................. EUR 750 937,819 Western Gas Partners L.P. 2.600%, 08/15/18............................. 700 699,409 5.375%, 06/01/21............................. 175 181,042 # 4.000%, 07/01/22............................. 800 792,593 Western Union Co. (The) 5.253%, 04/01/20............................. 1,000 1,033,315 Whirlpool Corp. 4.850%, 06/15/21............................. 436 454,196 Williams Cos., Inc. (The) # 7.875%, 09/01/21............................. 1,200 1,332,000 Williams Partners L.P. 4.000%, 11/15/21............................. 1,848 1,863,229 WR Berkley Corp. 4.625%, 03/15/22............................. 975 1,007,145 WR Grace & Co. ## # 5.125%, 10/01/21............................. 1,300 1,335,477 Wyndham Worldwide Corp. 4.250%, 03/01/22............................. 2,400 2,357,318 Xcel Energy, Inc. 2.400%, 03/15/21............................. 2,000 1,955,442
68 DFA TARGETED CREDIT PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Xilinx, Inc. 3.000%, 03/15/21............................. 989 $ 979,524 Zimmer Biomet Holdings, Inc. # 3.150%, 04/01/22............................. 1,345 1,319,647 ------------ TOTAL UNITED STATES.............................. 363,975,237 ------------ TOTAL BONDS...................................... 579,484,157 ------------ TOTAL INVESTMENT SECURITIES...................... 579,484,157 ------------
SHARES VALUE+ ------ ------ SECURITIES LENDING COLLATERAL -- (7.4%) (S) DFA Short Term Investment Fund............... 4,011,795 $ 46,416,474 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $635,998,157)............................. $625,900,631 ============
At April 30, 2018, DFA Targeted Credit Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying financial statements:
UNREALIZED FOREIGN EXCHANGE SETTLEMENT APPRECIATION CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION) ------------------ -------------- ---------------------------- ------------------ -------------- USD.. 81,205,537 EUR 65,869,316 State Street Bank and Trust 07/06/18 $1,265,173 USD.. 711,421 CAD 905,439 Citibank, N.A. 07/10/18 5,064 USD.. 18,314,931 CAD 23,072,765 Citibank, N.A. 07/10/18 315,266 USD.. 19,506,809 EUR 15,900,883 State Street Bank and Trust 07/25/18 180,822 ---------- TOTAL APPRECIATION $1,766,325 ==========
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Bonds Australia................... -- $ 17,999,067 -- $ 17,999,067 Belgium..................... -- 4,039,261 -- 4,039,261 Canada...................... -- 29,729,582 -- 29,729,582 Denmark..................... -- 3,159,587 -- 3,159,587 Finland..................... -- 1,668,384 -- 1,668,384 France...................... -- 23,233,345 -- 23,233,345 Germany..................... -- 25,485,675 -- 25,485,675 Ireland..................... -- 11,241,022 -- 11,241,022 Italy....................... -- 8,528,438 -- 8,528,438 Japan....................... -- 26,915,866 -- 26,915,866 Luxembourg.................. -- 1,280,290 -- 1,280,290 Netherlands................. -- 9,503,338 -- 9,503,338 Spain....................... -- 10,616,693 -- 10,616,693 Sweden...................... -- 1,979,853 -- 1,979,853 Switzerland................. -- 3,907,254 -- 3,907,254 United Kingdom.............. -- 36,221,265 -- 36,221,265 United States............... -- 363,975,237 -- 363,975,237 Securities Lending Collateral. -- 46,416,474 -- 46,416,474 Forward Currency Contracts**.. -- 1,766,325 -- 1,766,325 -- ------------ -- ------------ TOTAL......................... -- $627,666,956 -- $627,666,956 == ============ == ============
**Valued at the unrealized appreciation/(depreciation) on the investment. See accompanying Notes to Financial Statements. 69 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT^ VALUE+ ------- ------ (000) BONDS -- (91.2%) AUSTRALIA -- (3.7%) Australia & New Zealand Banking Group, Ltd. 0.750%, 09/29/26............................. EUR 3,000 $ 3,530,146 BHP Billiton Finance USA, Ltd. 2.875%, 02/24/22............................. 13 12,844 BHP Billiton Finance, Ltd. 3.250%, 09/24/27............................. EUR 1,800 2,563,357 Commonwealth Bank of Australia 5.000%, 03/19/20............................. 9 9,301 ## 2.850%, 05/18/26............................. 266 246,342 ## 3.150%, 09/19/27............................. 10 9,383 Macquarie Bank, Ltd. ## 3.900%, 01/15/26............................. 289 286,399 National Australia Bank, Ltd. 3.000%, 02/10/23............................. AUD 2,000 1,485,975 0.625%, 09/18/24............................. EUR 4,000 4,752,871 ## 3.500%, 01/10/27............................. 351 340,475 Westpac Banking Corp. 4.875%, 11/19/19............................. 106 109,052 0.625%, 11/22/24............................. EUR 1,000 1,186,137 2.850%, 05/13/26............................. 104 96,348 2.700%, 08/19/26............................. 23 21,040 3.350%, 03/08/27............................. 319 305,067 ----------- TOTAL AUSTRALIA.................................. 14,954,737 ----------- AUSTRIA -- (0.0%) Oesterreichische Kontrollbank AG 1.125%, 05/29/18............................. 23 22,984 ----------- BELGIUM -- (0.6%) Anheuser-Busch InBev Finance, Inc. 2.625%, 01/17/23............................. 58 55,823 3.650%, 02/01/26............................. 35 34,171 Anheuser-Busch InBev SA 2.700%, 03/31/26............................. EUR 1,000 1,348,439 2.250%, 05/24/29............................. GBP 600 791,112 Anheuser-Busch InBev Worldwide, Inc. 4.375%, 02/15/21............................. 5 5,159 2.500%, 07/15/22............................. 24 23,170 ----------- TOTAL BELGIUM.................................... 2,257,874 ----------- CANADA -- (4.8%) Alimentation Couche-Tard, Inc. 1.875%, 05/06/26............................. EUR 700 863,592
FACE AMOUNT^ VALUE+ ------- ------ (000) CANADA -- (Continued) Bank of Nova Scotia (The) 2.050%, 06/05/19............................. 13 $ 12,897 4.375%, 01/13/21............................. 37 38,129 2.620%, 12/02/26............................. CAD 2,000 1,502,675 British Columbia, Province of Canada 6.500%, 01/15/26............................. 93 112,175 Canadian Natural Resources, Ltd. 3.420%, 12/01/26............................. CAD 1,000 759,484 Canadian Pacific Railway Co. 2.900%, 02/01/25 535 505,113 3.700%, 02/01/26............................. 45 44,058 Cenovus Energy, Inc. 3.000%, 08/15/22............................. 719 688,273 Enbridge, Inc. 4.000%, 10/01/23............................. 34 34,005 3.500%, 06/10/24............................. 15 14,497 Goldcorp, Inc. 3.625%, 06/09/21............................. 46 46,007 Husky Energy, Inc. 3.600%, 03/10/27............................. CAD 2,000 1,538,861 Manitoba, Province of Canada 6.300%, 03/05/31............................. CAD 5,000 5,183,107 Nutrien, Ltd. 3.625%, 03/15/24............................. 540 532,300 3.000%, 04/01/25............................. 40 37,346 Ontario, Province of Canada 2.400%, 06/02/26............................. CAD 4,000 3,009,619 Province of Manitoba Canada 2.050%, 11/30/20............................. 131 128,152 Province of Ontario Canada 1.650%, 09/27/19............................. 6 5,918 3.150%, 06/02/22............................. CAD 233 186,160 2.450%, 06/29/22............................. 13 12,630 Quebec, Province of Canada 2.625%, 02/13/23............................. 52 50,769 Rogers Communications, Inc. 3.000%, 03/15/23............................. 21 20,538 4.100%, 10/01/23............................. 15 15,336 4.000%, 03/13/24............................. CAD 2,000 1,618,786 Royal Bank of Canada 2.200%, 07/27/18............................. 13 12,996 2.350%, 10/30/20............................. 58 56,945 Suncor Energy, Inc. 3.600%, 12/01/24............................. 87 85,761 Teck Resources, Ltd. 4.750%, 01/15/22............................. 700 710,066 3.750%, 02/01/23............................. 200 193,750
70 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) CANADA -- (Continued) Thomson Reuters Corp. 4.300%, 11/23/23............................. 60 $ 60,749 3.850%, 09/29/24............................. 256 250,936 Toronto-Dominion Bank (The) 2.125%, 07/02/19............................. 43 42,725 2.125%, 04/07/21............................. 163 158,201 1.994%, 03/23/22............................. CAD 58 43,947 TransCanada PipeLines, Ltd. 3.800%, 10/01/20............................. 15 15,230 2.500%, 08/01/22............................. 38 36,554 Videotron, Ltd. 5.000%, 07/15/22............................. 921 940,571 ----------- TOTAL CANADA..................................... 19,568,858 ----------- DENMARK -- (1.4%) Denmark Government Bond 0.500%, 11/15/27............................. DKK 18,000 2,895,830 Kommunekredit --%, 09/08/22................................ EUR 256 307,383 2.900%, 11/27/26............................. AUD 3,500 2,530,337 ----------- TOTAL DENMARK.................................... 5,733,550 ----------- FINLAND -- (0.2%) Nokia Oyj 4.375%, 06/12/27............................. 1,000 927,500 ----------- FRANCE -- (6.4%) Agence Francaise de Developpement 0.250%, 07/21/26............................. EUR 500 577,888 Air Liquide Finance SA 1.000%, 03/08/27............................. EUR 1,100 1,324,089 BNP Paribas SA 2.450%, 03/17/19............................. 7 6,995 3.250%, 03/03/23............................. 22 21,823 1.500%, 11/17/25............................. EUR 1,200 1,461,998 Credit Agricole SA 2.375%, 05/20/24............................. EUR 1,000 1,317,556 Electricite de France SA ## 3.625%, 10/13/25............................. 40 39,426 5.875%, 07/18/31............................. GBP 1,200 2,122,631 Orange SA 0.875%, 02/03/27............................. EUR 500 585,763 8.125%, 11/20/28............................. GBP 464 956,016 Pernod Ricard SA 1.500%, 05/18/26............................. EUR 800 990,340 ## 3.250%, 06/08/26............................. 173 165,560 Sanofi 1.750%, 09/10/26............................. EUR 2,000 2,566,478 0.500%, 01/13/27............................. EUR 2,300 2,654,726 SNCF Reseau 5.250%, 12/07/28............................. GBP 3,350 5,960,161 Societe Generale SA 1.125%, 01/23/25............................. EUR 1,200 1,430,019
FACE AMOUNT^ VALUE+ ------- ------ (000) FRANCE -- (Continued) Total Capital International SA 2.125%, 01/10/19............................. 10 $ 9,964 2.100%, 06/19/19............................. 26 25,848 3.750%, 04/10/24............................. 112 113,231 0.625%, 10/04/24............................. EUR 1,000 1,200,371 2.500%, 03/25/26............................. EUR 2,000 2,699,623 ----------- TOTAL FRANCE..................................... 26,230,506 ----------- GERMANY -- (4.4%) BMW U.S. Capital LLC ## 2.800%, 04/11/26............................. 194 180,903 ## 3.300%, 04/06/27............................. 58 55,795 Daimler AG 1.000%, 11/15/27............................. EUR 1,300 1,520,849 Daimler Finance North America LLC 8.500%, 01/18/31............................. 104 148,232 Deutsche Bank AG 2.500%, 02/13/19............................. 40 39,835 2.950%, 08/20/20............................. 2 1,968 3.125%, 01/13/21............................. 23 22,582 3.700%, 05/30/24............................. 113 107,682 1.125%, 03/17/25............................. EUR 1,900 2,207,944 Deutsche Telekom International Finance BV 1.125%, 05/22/26............................. EUR 1,000 1,197,108 EMD Finance LLC ## 2.950%, 03/19/22............................. 60 58,757 Kreditanstalt fuer Wiederaufbau 1.875%, 04/01/19............................. 9 8,955 2.050%, 02/16/26............................. JPY 789,000 8,383,854 NRW Bank 1.875%, 07/01/19............................. 24 23,792 T-Mobile USA, Inc. 4.000%, 04/15/22............................. 800 799,500 Volkswagen International Finance NV 1.875%, 03/30/27............................. EUR 2,000 2,454,736 ZF North America Capital, Inc. ## 4.500%, 04/29/22............................. 870 887,835 ----------- TOTAL GERMANY.................................... 18,100,327 ----------- IRELAND -- (0.3%) Allergan Finance LLC 3.250%, 10/01/22............................. 88 85,225 Allergan Funding SCS 3.450%, 03/15/22............................. 150 147,454 3.800%, 03/15/25............................. 529 507,069 Eaton Corp. 2.750%, 11/02/22............................. 34 32,927 Johnson Controls International P.L.C. 3.625%, 07/02/24............................. 11 10,880
71 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) IRELAND -- (Continued) Medtronic, Inc. 3.125%, 03/15/22............................. 13 $ 12,943 3.500%, 03/15/25............................. 23 22,749 Perrigo Finance Unlimited Co. 4.375%, 03/15/26............................. 500 496,694 ---------- TOTAL IRELAND.................................... 1,315,941 ---------- ITALY -- (1.2%) Enel Finance International NV 1.375%, 06/01/26............................. EUR 1,000 1,213,382 Eni SpA 1.500%, 01/17/27............................. EUR 1,000 1,216,635 Italy Buoni Poliennali Del Tesoro 1.250%, 12/01/26............................. EUR 2,100 2,477,723 ---------- TOTAL ITALY...................................... 4,907,740 ---------- JAPAN -- (0.2%) American Honda Finance Corp. 2.300%, 09/09/26............................. 130 118,650 Beam Suntory, Inc. 1.750%, 06/15/18............................. 23 22,973 3.250%, 06/15/23............................. 47 45,498 Mitsubishi UFJ Financial Group, Inc. 3.677%, 02/22/27............................. 35 34,345 MUFG Americas Holdings Corp. 3.500%, 06/18/22............................. 64 63,766 Nissan Motor Acceptance Corp. ## 2.125%, 03/03/20............................. 20 19,663 Nomura Holdings, Inc. 6.700%, 03/04/20............................. 16 16,941 Sumitomo Mitsui Financial Group, Inc. 2.934%, 03/09/21............................. 23 22,782 3.784%, 03/09/26............................. 58 57,400 Toyota Credit Canada, Inc. 2.020%, 02/28/22............................. CAD 58 43,897 Toyota Motor Credit Corp. 2.100%, 01/17/19............................. 10 9,979 3.300%, 01/12/22............................. 30 30,068 2.625%, 01/10/23............................. 75 72,717 3.200%, 01/11/27............................. 315 304,130 ---------- TOTAL JAPAN...................................... 862,809 ---------- LUXEMBOURG -- (0.4%) DH Europe Finance SA 1.200%, 06/30/27............................. EUR 1,300 1,547,840 ----------
FACE AMOUNT^ VALUE+ ------- ------ (000) NETHERLANDS -- (6.6%) Ahold Finance USA LLC 6.875%, 05/01/29............................. 8 $ 9,481 Bank Nederlandse Gemeenten NV 2.500%, 01/23/23............................. 74 72,157 BMW Finance NV 1.125%, 01/10/28............................. EUR 750 892,947 Cooperatieve Rabobank UA 3.875%, 02/08/22............................. 83 84,337 2.375%, 05/22/23............................. EUR 2,300 3,030,166 1.250%, 03/23/26............................. EUR 2,500 3,064,997 E.ON International Finance BV 6.375%, 06/07/32............................. GBP 1,150 2,171,206 Heineken NV ## 2.750%, 04/01/23............................. 26 25,137 1.375%, 01/29/27............................. EUR 1,200 1,464,456 Iberdrola International BV 0.375%, 09/15/25............................. EUR 1,400 1,606,655 ING Groep NV 1.375%, 01/11/28............................. EUR 2,100 2,484,700 Koninklijke KPN NV 5.750%, 09/17/29............................. GBP 1,500 2,561,993 LYB International Finance II BV 3.500%, 03/02/27............................. 35 33,052 LyondellBasell Industries NV 5.750%, 04/15/24............................. 500 541,844 Mylan NV 2.250%, 11/22/24............................. EUR 1,000 1,244,247 3.950%, 06/15/26............................. 173 164,204 Mylan, Inc. 4.200%, 11/29/23............................. 52 52,054 Sensata Technologies BV ## 5.000%, 10/01/25............................. 500 498,750 Shell International Finance BV 2.500%, 09/12/26............................. 131 121,197 Shell International Finance BV 2.250%, 11/10/20............................. 54 53,231 3.400%, 08/12/23............................. 123 123,357 3.250%, 05/11/25............................. 334 328,274 2.875%, 05/10/26............................. 348 330,673 1.625%, 01/20/27............................. EUR 4,708 5,950,267 ----------- TOTAL NETHERLANDS................................ 26,909,382 ----------- NORWAY -- (0.1%) Statoil ASA 1.150%, 05/15/18............................. 16 15,994 2.450%, 01/17/23............................. 102 98,062 2.650%, 01/15/24............................. 81 77,754 ----------- TOTAL NORWAY..................................... 191,810 -----------
72 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) SPAIN -- (0.6%) Santander Holdings USA, Inc. 4.500%, 07/17/25............................. 206 $ 207,373 Santander UK P.L.C. 2.375%, 03/16/20............................. 4 3,948 4.000%, 03/13/24............................. 103 103,914 Telefonica Emisiones SAU 5.462%, 02/16/21............................. 10 10,576 1.715%, 01/12/28............................. EUR 1,200 1,448,540 Telefonica Europe BV 8.250%, 09/15/30............................. 500 667,504 ----------- TOTAL SPAIN...................................... 2,441,855 ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (6.5%) Asian Development Bank 1.750%, 09/11/18............................. 10 9,984 1.875%, 04/12/19............................. 24 23,874 2.350%, 06/21/27............................. JPY 980,000 10,809,063 European Financial Stability Facility --%, 11/17/22................................ EUR 231 278,602 0.400%, 05/31/26............................. EUR 5,000 5,937,677 European Investment Bank 1.875%, 03/15/19............................. 6 5,973 3.250%, 01/29/24............................. 37 37,447 1.900%, 01/26/26............................. JPY 28,300 297,089 2.150%, 01/18/27............................. JPY 850,000 9,209,531 Inter-American Development Bank 3.000%, 02/21/24............................. 20 19,920 7.000%, 06/15/25............................. 45 55,072 International Finance Corp. 0.875%, 06/15/18............................. 3 2,996 ----------- TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS..... 26,687,228 ----------- SWEDEN -- (2.8%) Kommuninvest I Sverige AB 0.250%, 06/01/22............................. SEK 3,460 394,740 Nordea Bank AB 1.000%, 02/22/23............................. EUR 4,000 4,945,710 Svenska Handelsbanken AB 0.250%, 02/28/22............................. EUR 110 132,537 Sweden Government Bond 3.500%, 06/01/22............................. SEK 4,895 643,807 0.750%, 05/12/28............................. SEK 26,400 3,025,961 2.250%, 06/01/32............................. SEK 12,000 1,584,639 Telefonaktiebolaget LM Ericsson 4.125%, 05/15/22............................. 900 890,934 ----------- TOTAL SWEDEN..................................... 11,618,328 -----------
FACE AMOUNT^ VALUE+ ------- ------ (000) SWITZERLAND -- (3.5%) ABB Finance USA, Inc. 2.875%, 05/08/22............................. 45 $ 44,189 Chubb INA Holdings, Inc. 2.875%, 11/03/22............................. 22 21,567 2.700%, 03/13/23............................. 35 33,872 3.350%, 05/15/24............................. 60 59,215 Credit Suisse AG 1.500%, 04/10/26............................. EUR 700 868,329 Novartis Capital Corp. 3.400%, 05/06/24............................. 71 70,724 3.100%, 05/17/27............................. 878 840,598 Novartis Finance SA 1.625%, 11/09/26............................. EUR 3,300 4,193,100 1.125%, 09/30/27............................. EUR 5,000 6,053,293 UBS Group Funding Switzerland AG 1.250%, 09/01/26............................. EUR 1,800 2,133,866 ----------- TOTAL SWITZERLAND................................ 14,318,753 ----------- UNITED KINGDOM -- (8.2%) Anglo American Capital P.L.C. 1.625%, 09/18/25............................. EUR 1,000 1,209,674 Aon Corp. 5.000%, 09/30/20............................. 9 9,353 Aon P.L.C. 4.000%, 11/27/23............................. 47 47,692 3.500%, 06/14/24............................. 107 104,835 2.875%, 05/14/26............................. EUR 1,400 1,835,747 AstraZeneca P.L.C. 2.375%, 11/16/20............................. 34 33,433 3.375%, 11/16/25............................. 87 84,494 1.250%, 05/12/28............................. EUR 1,200 1,440,834 BAE Systems Holdings, Inc. ## 2.850%, 12/15/20............................. 14 13,835 Barclays Bank P.L.C. 2.250%, 06/10/24............................. EUR 500 653,846 Barclays P.L.C. 3.250%, 02/12/27............................. GBP 1,157 1,581,717 BAT International Finance P.L.C. 4.000%, 09/04/26............................. GBP 520 784,402 1.250%, 03/13/27............................. EUR 1,000 1,154,002 Baxalta, Inc. 2.875%, 06/23/20............................. 5 4,948 BP Capital Markets P.L.C. 3.245%, 05/06/22............................. 33 32,912 3.535%, 11/04/24............................. 26 25,914 1.077%, 06/26/25............................. EUR 1,200 1,451,461 3.119%, 05/04/26............................. 35 33,482 3.017%, 01/16/27............................. 127 119,762 British Telecommunications P.L.C. 1.000%, 11/21/24............................. EUR 1,200 1,427,357 3.125%, 11/21/31............................. GBP 700 950,353
73 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED KINGDOM -- (Continued) CNH Industrial Capital LLC 4.375%, 04/05/22............................. 406 $ 412,090 Diageo Investment Corp. 2.875%, 05/11/22............................. 2 1,967 GlaxoSmithKline Capital P.L.C. 1.000%, 09/12/26............................. EUR 1,500 1,778,653 GlaxoSmithKline Capital, Inc. 2.800%, 03/18/23............................. 63 61,330 HSBC Holdings P.L.C. 4.000%, 03/30/22............................. 59 60,182 2.625%, 08/16/28............................. GBP 1,564 2,121,491 HSBC USA, Inc. 3.500%, 06/23/24............................. 147 144,636 Lloyds Banking Group P.L.C. 1.500%, 09/12/27............................. EUR 2,100 2,494,666 Nationwide Building Society 3.250%, 01/20/28............................. GBP 1,000 1,455,537 Rio Tinto Finance P.L.C. 4.000%, 12/11/29............................. GBP 1,000 1,583,569 Rolls-Royce P.L.C. ## 3.625%, 10/14/25............................. 520 513,900 3.375%, 06/18/26............................. GBP 800 1,185,675 Santander UK P.L.C. 3.875%, 10/15/29............................. GBP 1,000 1,539,106 Sky P.L.C. 2.500%, 09/15/26............................. EUR 2,000 2,610,517 TechnipFMC P.L.C. ## 3.450%, 10/01/22............................. 49 47,589 Unilever NV 1.000%, 02/14/27............................. EUR 1,500 1,782,439 Vodafone Group P.L.C. 5.450%, 06/10/19............................. 1 1,027 4.375%, 03/16/21............................. 11 11,318 2.500%, 09/26/22............................. 113 107,702 1.125%, 11/20/25............................. EUR 500 590,228 1.500%, 07/24/27............................. EUR 350 413,825 4.200%, 12/13/27............................. AUD 1,800 1,326,468 7.875%, 02/15/30............................. 77 98,168 ----------- TOTAL UNITED KINGDOM............................. 33,342,136 ----------- UNITED STATES -- (39.3%) 21st Century Fox America, Inc. 3.700%, 09/15/24............................. $ 168 167,380 3M Co. 2.875%, 10/15/27............................. 168 158,840 Abbott Laboratories 2.000%, 03/15/20............................. 84 82,470 2.800%, 09/15/20............................. 2 1,987 3.250%, 04/15/23............................. 37 36,327 2.950%, 03/15/25............................. 146 138,473 AbbVie, Inc. 2.900%, 11/06/22............................. 33 32,117 3.600%, 05/14/25............................. 1,000 970,187
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Activision Blizzard, Inc. 3.400%, 06/15/27............................. 52 $ 49,253 Adobe Systems, Inc. 3.250%, 02/01/25............................. 22 21,632 Advance Auto Parts, Inc. 4.500%, 12/01/23............................. 14 14,330 AECOM 5.875%, 10/15/24............................. 500 520,675 5.125%, 03/15/27............................. 700 672,665 Aetna, Inc. 2.200%, 03/15/19............................. 4 3,979 2.750%, 11/15/22............................. 97 93,384 3.500%, 11/15/24............................. 63 61,443 Affiliated Managers Group, Inc. 3.500%, 08/01/25............................. 30 28,996 Aflac, Inc. 2.400%, 03/16/20............................. 13 12,829 3.250%, 03/17/25............................. 129 125,349 Air Products & Chemicals, Inc. 2.750%, 02/03/23............................. 11 10,754 Alabama Power Co. 2.800%, 04/01/25............................. 30 28,202 Albemarle Corp. 4.150%, 12/01/24............................. 86 87,345 Allstate Corp. (The) 3.150%, 06/15/23............................. 59 58,141 Ally Financial, Inc. 4.125%, 02/13/22............................. 750 745,312 Alphabet, Inc. 3.375%, 02/25/24............................. 53 53,228 1.998%, 08/15/26............................. 86 76,797 Altria Group, Inc. 4.750%, 05/05/21............................. 2 2,083 2.850%, 08/09/22............................. 46 44,809 Amazon.com, Inc. 3.800%, 12/05/24............................. 57 57,950 Ameren Corp. 2.700%, 11/15/20............................. 12 11,835 American Express Credit Corp. 2.250%, 05/05/21............................. 2 1,949 3.300%, 05/03/27............................. 131 125,215 American International Group, Inc. 3.300%, 03/01/21............................. 17 16,932 4.875%, 06/01/22............................. 17 17,778 4.125%, 02/15/24............................. 118 118,783 3.750%, 07/10/25............................. 95 92,982 3.900%, 04/01/26............................. 46 44,897 1.875%, 06/21/27............................. EUR 375 451,396 American Water Capital Corp. 3.850%, 03/01/24............................. 25 25,320
74 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Ameriprise Financial, Inc. 4.000%, 10/15/23............................. 43 $ 44,029 2.875%, 09/15/26............................. 65 60,546 AmerisourceBergen Corp. 3.400%, 05/15/24............................. 433 421,535 Amgen, Inc. 4.100%, 06/15/21............................. 82 83,891 3.625%, 05/22/24............................. 75 74,712 3.125%, 05/01/25............................. 37 35,341 2.600%, 08/19/26............................. 28 25,221 4.000%, 09/13/29............................. GBP 1,336 2,056,760 Analog Devices, Inc. 3.900%, 12/15/25............................. 35 34,792 3.500%, 12/05/26............................. 23 21,984 Anixter, Inc. 5.500%, 03/01/23............................. 590 612,125 Anthem, Inc. 3.125%, 05/15/22............................. 25 24,443 Anthem, Inc. 4.350%, 08/15/20............................. 13 13,333 3.500%, 08/15/24............................. 58 56,365 3.650%, 12/01/27............................. 1,000 950,889 Apache Corp. 3.250%, 04/15/22............................. 95 93,739 Apple, Inc. 2.250%, 02/23/21............................. 58 57,019 2.400%, 05/03/23............................. 334 320,718 3.450%, 05/06/24............................. 227 227,133 2.500%, 02/09/25............................. 53 49,737 0.875%, 05/24/25............................. EUR 4,000 4,847,015 3.250%, 02/23/26............................. 233 226,810 2.450%, 08/04/26............................. 200 183,464 3.350%, 02/09/27............................. 393 384,350 3.000%, 06/20/27............................. 64 60,798 3.000%, 11/13/27............................. 81 76,518 3.050%, 07/31/29............................. GBP 3,300 4,906,875 Applied Materials, Inc. 4.300%, 06/15/21............................. 7 7,235 3.300%, 04/01/27............................. 59 57,096 Archer-Daniels-Midland Co. 2.500%, 08/11/26............................. 58 52,688 Arconic, Inc. 5.900%, 02/01/27............................. 1,200 1,239,750 Arizona Public Service Co. 8.750%, 03/01/19............................. 2 2,100 3.150%, 05/15/25............................. 71 68,731 Arrow Electronics, Inc. 3.875%, 01/12/28............................. 45 42,319 Ashland LLC 4.750%, 08/15/22............................. 900 907,875 Assurant, Inc. 4.000%, 03/15/23............................. 75 74,783 AT&T, Inc. 3.000%, 02/15/22............................. 74 72,778 3.800%, 03/15/22............................. 59 59,554 3.950%, 01/15/25............................. 115 113,856
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) 3.400%, 05/15/25............................. 253 $ 240,410 1.800%, 09/05/26............................. EUR 800 976,639 4.375%, 09/14/29............................. GBP 500 768,388 Autodesk, Inc. 3.125%, 06/15/20............................. 31 30,883 4.375%, 06/15/25............................. 35 35,481 3.500%, 06/15/27............................. 36 33,892 Automatic Data Processing, Inc. 3.375%, 09/15/25............................. 144 142,857 AutoZone, Inc. 2.875%, 01/15/23............................. 140 135,059 3.125%, 07/15/23............................. 15 14,600 3.250%, 04/15/25............................. 72 68,989 3.125%, 04/21/26............................. 1,187 1,104,185 Avnet, Inc. 4.625%, 04/15/26............................. 65 64,099 Baker Hughes a GE Co. LLC 3.200%, 08/15/21............................. 2 2,003 Ball Corp. 5.000%, 03/15/22............................. 645 668,381 Baltimore Gas & Electric Co. 2.800%, 08/15/22............................. 38 37,117 2.400%, 08/15/26............................. 8 7,256 Bank of America Corp. 3.300%, 01/11/23............................. 52 51,382 4.000%, 04/01/24............................. 72 72,966 7.000%, 07/31/28............................. GBP 1,000 1,910,203 Bank of America Corp. Floating Rate Note ## 3.419%, 12/20/28............................. 184 172,571 Bank of New York Mellon Corp. (The) 5.450%, 05/15/19............................. 5 5,144 3.650%, 02/04/24............................. 123 123,508 3.000%, 02/24/25............................. 330 315,647 2.800%, 05/04/26............................. 64 59,858 Baxter International, Inc. 1.700%, 08/15/21............................. 10 9,486 2.600%, 08/15/26............................. 49 44,107 Bed Bath & Beyond, Inc. 3.749%, 08/01/24............................. 7 5,977 Bemis Co., Inc. 4.500%, 10/15/21............................. 7 7,231 Berkshire Hathaway Energy Co. 2.400%, 02/01/20............................. 4 3,967 Berkshire Hathaway Finance Corp. 1.300%, 05/15/18............................. 2 1,999 3.000%, 05/15/22............................. 11 10,948 Berkshire Hathaway, Inc. 2.200%, 03/15/21............................. 22 21,612 3.750%, 08/15/21............................. 30 30,711 3.400%, 01/31/22............................. 37 37,521
75 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) 3.000%, 02/11/23............................. 41 $ 40,776 3.125%, 03/15/26............................. 387 372,491 Biogen, Inc. 2.900%, 09/15/20............................. 172 171,175 BlackRock, Inc. 4.250%, 05/24/21............................. 23 23,806 3.200%, 03/15/27............................. 287 275,589 Boeing Co. (The) 8.750%, 08/15/21............................. 11 12,960 2.500%, 03/01/25............................. 75 70,190 2.600%, 10/30/25............................. 42 39,513 Booking Holdings, Inc. 2.375%, 09/23/24............................. EUR 1,000 1,292,378 3.600%, 06/01/26............................. 108 104,587 1.800%, 03/03/27............................. EUR 800 977,641 Boston Scientific Corp. 4.125%, 10/01/23............................. 17 17,276 Brinker International, Inc. 3.875%, 05/15/23............................. 1,250 1,181,250 Bristol-Myers Squibb Co. 2.000%, 08/01/22............................. 79 75,461 Brown & Brown, Inc. 4.200%, 09/15/24............................. 54 54,494 Brown-Forman Corp. 2.600%, 07/07/28............................. GBP 1,100 1,525,585 Buckeye Partners L.P. 4.150%, 07/01/23............................. 22 21,943 3.950%, 12/01/26............................. 87 81,838 Burlington Northern Santa Fe LLC 3.000%, 04/01/25............................. 50 48,300 7.000%, 12/15/25............................. 10 12,121 CA, Inc. 4.700%, 03/15/27............................. 205 206,163 Campbell Soup Co. 4.250%, 04/15/21............................. 12 12,324 2.500%, 08/02/22............................. 23 21,944 3.300%, 03/19/25............................. 47 44,916 4.150%, 03/15/28............................. 2,050 1,986,408 Capital One Financial Corp. 4.750%, 07/15/21............................. 23 23,894 3.750%, 04/24/24............................. 54 53,028 Cardinal Health, Inc. 4.625%, 12/15/20............................. 7 7,210 3.200%, 06/15/22............................. 45 44,181 3.410%, 06/15/27............................. 67 62,219 Caterpillar, Inc. 2.600%, 06/26/22............................. 30 29,241 3.400%, 05/15/24............................. 21 20,916 CBS Corp. 3.375%, 03/01/22............................. 27 26,745 3.500%, 01/15/25............................. 28 26,909 2.900%, 01/15/27............................. 269 240,464 7.875%, 07/30/30............................. 13 16,304
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Celgene Corp. 4.000%, 08/15/23............................. 96 $ 96,643 3.625%, 05/15/24............................. 52 50,828 CenterPoint Energy Resources Corp. 4.500%, 01/15/21............................. 18 18,473 CF Industries, Inc. 3.450%, 06/01/23............................. 1,048 995,600 Charles Schwab Corp. (The) 3.000%, 03/10/25............................. 99 95,010 Chemours Co. (The) 5.375%, 05/15/27............................. 1,000 990,000 Chevron Corp. 2.355%, 12/05/22............................. 52 50,218 3.191%, 06/24/23............................. 184 182,824 2.954%, 05/16/26............................. 133 127,054 Choice Hotels International, Inc. 5.750%, 07/01/22............................. 388 410,310 Chubb INA Holdings, Inc. 1.550%, 03/15/28............................. EUR 1,400 1,687,918 Cigna Corp. 4.000%, 02/15/22............................. 9 9,130 Cisco Systems, Inc. 3.625%, 03/04/24............................. 22 22,335 2.500%, 09/20/26............................. 1,000 924,796 CIT Group, Inc. 5.000%, 08/01/23............................. 800 812,000 5.250%, 03/07/25............................. 400 408,500 Citigroup, Inc. 4.500%, 01/14/22............................. 17 17,609 3.875%, 10/25/23............................. 33 33,132 3.750%, 06/16/24............................. 30 29,807 3.300%, 04/27/25............................. 90 86,188 5.150%, 05/21/26............................. GBP 1,323 2,167,795 Clorox Co. (The) 3.500%, 12/15/24............................. 37 36,901 CME Group, Inc. 3.000%, 03/15/25............................. 33 31,823 CMS Energy Corp. 3.875%, 03/01/24............................. 20 20,032 3.600%, 11/15/25............................. 37 36,142 3.000%, 05/15/26............................. 58 54,446 CNA Financial Corp. 5.750%, 08/15/21............................. 49 52,198 4.500%, 03/01/26............................. 75 76,816 CNO Financial Group, Inc. 5.250%, 05/30/25............................. 922 928,915 Coca-Cola Co. (The) 1.875%, 10/27/20............................. 215 210,132 3.300%, 09/01/21............................. 20 20,226 3.200%, 11/01/23............................. 252 251,315 2.250%, 09/01/26............................. 147 133,027 2.900%, 05/25/27............................. 275 260,974
76 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Colgate-Palmolive Co. 1.950%, 02/01/23............................. 81 $ 76,886 Comcast Cable Communications Holdings, Inc. 9.455%, 11/15/22............................. 35 43,792 Comcast Corp. 3.600%, 03/01/24............................. 51 50,816 3.375%, 08/15/25............................. 49 47,574 3.150%, 03/01/26............................. 102 97,033 Conagra Brands, Inc. 3.200%, 01/25/23............................. 54 52,985 ConocoPhillips Co. 2.400%, 12/15/22............................. 22 21,006 3.350%, 11/15/24............................. 52 50,993 4.950%, 03/15/26............................. 173 186,292 Consolidated Edison Co. of New York, Inc. 3.300%, 12/01/24............................. 15 14,712 Continental Resources, Inc. 4.500%, 04/15/23............................. 800 810,000 Corning, Inc. 3.700%, 11/15/23............................. 32 31,770 Cox Communications, Inc. ## 3.250%, 12/15/22............................. 26 25,349 ## 3.850%, 02/01/25............................. 79 78,112 CSX Corp. 4.250%, 06/01/21............................. 9 9,249 CVS Health Corp. 2.800%, 07/20/20............................. 22 21,864 2.125%, 06/01/21............................. 15 14,472 3.375%, 08/12/24............................. 174 167,971 3.875%, 07/20/25............................. 104 102,260 Danaher Corp. 3.350%, 09/15/25............................. 17 16,835 Deere & Co. 5.375%, 10/16/29............................. 5 5,693 Discovery Communications LLC ## 2.800%, 06/15/20............................. 6 5,930 3.300%, 05/15/22............................. 16 15,749 ## 3.500%, 06/15/22............................. 90 89,016 3.250%, 04/01/23............................. 7 6,775 ## 3.900%, 11/15/24............................. 63 61,581 3.450%, 03/15/25............................. 66 63,005 Dollar General Corp. 3.250%, 04/15/23............................. 79 77,522 4.150%, 11/01/25............................. 13 13,123 Dominion Energy Gas Holdings LLC 2.800%, 11/15/20............................. 84 83,165 3.600%, 12/15/24............................. 37 36,367 Dominion Energy, Inc. 3.625%, 12/01/24............................. 15 14,751 3.900%, 10/01/25............................. 117 115,637 Dow Chemical Co. (The) 3.000%, 11/15/22............................. 31 30,186 3.500%, 10/01/24............................. 87 85,029
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Dr Pepper Snapple Group, Inc. 3.400%, 11/15/25............................. 20 $ 18,852 DTE Energy Co. 2.400%, 12/01/19............................. 25 24,659 3.850%, 12/01/23............................. 11 11,056 2.850%, 10/01/26............................. 500 454,006 Duke Energy Corp. 3.050%, 08/15/22............................. 131 128,501 3.750%, 04/15/24............................. 67 66,777 DXC Technology Co. 4.450%, 09/18/22............................. 37 37,691 Eastman Chemical Co. 2.700%, 01/15/20............................. 5 4,970 3.600%, 08/15/22............................. 3 2,995 3.800%, 03/15/25............................. 51 51,029 1.875%, 11/23/26............................. EUR 1,000 1,249,268 Eaton Vance Corp. 3.500%, 04/06/27............................. 17 16,554 eBay, Inc. 3.800%, 03/09/22............................. 87 87,952 2.600%, 07/15/22............................. 31 29,843 3.600%, 06/05/27............................. 115 108,951 Ecolab, Inc. 2.700%, 11/01/26............................. 52 47,954 Edgewell Personal Care Co. 4.700%, 05/24/22............................. 1,185 1,154,901 EI du Pont de Nemours & Co. 4.625%, 01/15/20............................. 2 2,057 EMC Corp. 3.375%, 06/01/23............................. 1,255 1,170,875 Emerson Electric Co. 3.150%, 06/01/25............................. 62 60,641 Energy Transfer Partners L.P. 4.750%, 01/15/26............................. 67 66,857 Enterprise Products Operating LLC 5.200%, 09/01/20............................. 6 6,266 3.900%, 02/15/24............................. 24 24,103 3.750%, 02/15/25............................. 23 22,805 3.700%, 02/15/26............................. 62 60,633 EOG Resources, Inc. 4.100%, 02/01/21............................. 20 20,389 2.625%, 03/15/23............................. 44 42,034 3.150%, 04/01/25............................. 79 75,818 EQT Corp. 3.900%, 10/01/27............................. 500 475,672 ERAC USA Finance LLC ## 3.850%, 11/15/24............................. 1,388 1,383,478 Eversource Energy 2.500%, 03/15/21............................. 6 5,885 2.800%, 05/01/23............................. 55 52,889 Exelon Corp. 2.450%, 04/15/21............................. 15 14,549
77 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) 3.950%, 06/15/25............................. 27 $ 26,780 3.400%, 04/15/26............................. 1,225 1,170,512 Exelon Generation Co. LLC 2.950%, 01/15/20............................. 10 9,964 Express Scripts Holding Co. 3.900%, 02/15/22............................. 56 56,209 3.500%, 06/15/24............................. 97 92,894 3.400%, 03/01/27............................. 174 160,112 Exxon Mobil Corp. 3.176%, 03/15/24............................. 385 383,594 3.043%, 03/01/26............................. 58 56,081 FedEx Corp. 2.625%, 08/01/22............................. 51 49,506 4.000%, 01/15/24............................. 99 101,315 3.200%, 02/01/25............................. 44 42,433 1.625%, 01/11/27............................. EUR 1,000 1,220,651 Fidelity National Information Services, Inc. 2.250%, 08/15/21............................. 45 43,385 5.000%, 10/15/25............................. 35 36,923 Gap, Inc. (The) 5.950%, 04/12/21............................. 315 331,405 GATX Corp. 3.250%, 03/30/25............................. 60 56,438 3.250%, 09/15/26............................. 32 29,586 General Dynamics Corp. 2.250%, 11/15/22............................. 56 53,508 2.125%, 08/15/26............................. 86 76,478 General Electric Co. 0.375%, 05/17/22............................. EUR 135 162,058 3.375%, 03/11/24............................. 37 36,066 0.875%, 05/17/25............................. EUR 500 588,730 6.750%, 03/15/32............................. 221 270,988 General Mills, Inc. 3.150%, 12/15/21............................. 9 8,920 General Motors Financial Co., Inc. 2.250%, 09/06/24............................. GBP 950 1,277,767 5.250%, 03/01/26............................. 208 216,236 4.350%, 01/17/27............................. 58 56,447 Georgia Power Co. 2.850%, 05/15/22............................. 21 20,514 3.250%, 03/30/27............................. 154 146,414 Gilead Sciences, Inc. 2.050%, 04/01/19............................. 2 1,990 4.400%, 12/01/21............................. 17 17,644 3.700%, 04/01/24............................. 124 124,963 3.650%, 03/01/26............................. 57 56,319 Goldman Sachs Group, Inc. (The) 5.250%, 07/27/21............................. 26 27,486 4.000%, 03/03/24............................. 250 250,830 3.750%, 05/22/25............................. 87 84,975 1.625%, 07/27/26............................. EUR 1,175 1,421,851
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Goodyear Tire & Rubber Co. (The) 4.875%, 03/15/27............................. 1,239 $1,160,014 Great Plains Energy, Inc. 4.850%, 06/01/21............................. 29 29,903 Halliburton Co. 3.500%, 08/01/23............................. 75 74,665 3.800%, 11/15/25............................. 29 28,775 Hanesbrands, Inc. ## 4.875%, 05/15/26............................. 1,300 1,254,500 Harley-Davidson, Inc. 3.500%, 07/28/25............................. 42 40,801 Harris Corp. 2.700%, 04/27/20............................. 6 5,950 Hartford Financial Services Group, Inc. (The) 5.125%, 04/15/22............................. 79 83,695 Hewlett Packard Enterprise Co. 4.900%, 10/15/25............................. 35 35,959 Home Depot, Inc. (The) 2.700%, 04/01/23............................. 15 14,621 3.350%, 09/15/25............................. 43 42,382 Honeywell International, Inc. 2.500%, 11/01/26............................. 102 93,299 Hormel Foods Corp. 4.125%, 04/15/21............................. 17 17,463 Humana, Inc. 3.850%, 10/01/24............................. 91 90,979 Huntington Bancshares, Inc. 3.150%, 03/14/21............................. 18 17,920 2.300%, 01/14/22............................. 38 36,518 Hyatt Hotels Corp. 3.375%, 07/15/23............................. 23 22,585 Illinois Tool Works, Inc. 1.950%, 03/01/19............................. 4 3,982 3.500%, 03/01/24............................. 75 75,611 Indiana Michigan Power Co. 7.000%, 03/15/19............................. 3 3,105 Intel Corp. 2.700%, 12/15/22............................. 11 10,775 International Business Machines Corp. 2.250%, 02/19/21............................. 231 226,979 3.625%, 02/12/24............................. 112 112,207 3.300%, 01/27/27............................. 306 297,149 1.750%, 03/07/28............................. EUR 1,000 1,264,079 International Paper Co. 3.650%, 06/15/24............................. 92 90,505 3.800%, 01/15/26............................. 12 11,686 Interpublic Group of Cos., Inc. (The) 4.200%, 04/15/24............................. 546 549,075 ITC Holdings Corp. 3.650%, 06/15/24............................. 113 111,417
78 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Janus Capital Group, Inc. 4.875%, 08/01/25............................. 106 $ 109,768 Jefferies Group LLC / Jefferies Group Capital Finance, Inc. 4.850%, 01/15/27............................. 57 56,841 JM Smucker Co. (The) 3.500%, 03/15/25............................. 58 56,318 John Deere Capital Corp. 2.550%, 01/08/21............................. 112 110,218 3.350%, 06/12/24............................. 672 664,580 Johnson & Johnson 1.650%, 03/01/21............................. 17 16,509 3.375%, 12/05/23............................. 75 75,742 2.450%, 03/01/26............................. 38 35,277 2.950%, 03/03/27............................. 700 669,825 JPMorgan Chase & Co. 4.350%, 08/15/21............................. 23 23,765 3.625%, 05/13/24............................. 142 140,932 3.900%, 07/15/25............................. 129 128,194 Juniper Networks, Inc. 4.600%, 03/15/21............................. 30 30,644 4.500%, 03/15/24............................. 49 49,790 Kellogg Co. 1.250%, 03/10/25............................. EUR 500 603,211 3.250%, 04/01/26............................. 661 622,959 7.450%, 04/01/31............................. 61 77,441 KeyCorp 2.900%, 09/15/20............................. 17 16,879 5.100%, 03/24/21............................. 16 16,787 Kimberly-Clark Corp. 1.900%, 05/22/19............................. 6 5,962 2.400%, 06/01/23............................. 22 21,121 Kohl's Corp. 4.750%, 12/15/23............................. 17 17,509 Kraft Heinz Foods Co. 3.500%, 06/06/22............................. 107 106,438 3.950%, 07/15/25............................. 135 132,778 4.125%, 07/01/27............................. GBP 1,600 2,385,476 Kroger Co. (The) 3.850%, 08/01/23............................. 39 39,043 7.500%, 04/01/31............................. 90 112,263 L Brands, Inc. 5.625%, 02/15/22............................. 950 985,720 L3 Technologies, Inc. 4.750%, 07/15/20............................. 6 6,205 3.950%, 05/28/24............................. 29 28,884 Laboratory Corp. of America Holdings 4.000%, 11/01/23............................. 45 45,419 Lam Research Corp. 3.800%, 03/15/25............................. 1,000 992,373 Legg Mason, Inc. 3.950%, 07/15/24............................. 55 54,327 4.750%, 03/15/26............................. 23 23,684
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Lennar Corp. 4.750%, 05/30/25............................. 465 $ 452,213 Liberty Mutual Group, Inc. ## 5.000%, 06/01/21............................. 78 81,104 2.750%, 05/04/26............................. EUR 1,700 2,196,228 Lockheed Martin Corp. 2.900%, 03/01/25............................. 552 523,777 3.550%, 01/15/26............................. 56 55,137 Loews Corp. 2.625%, 05/15/23............................. 44 42,171 3.750%, 04/01/26............................. 125 124,004 Lowe's Cos., Inc. 3.120%, 04/15/22............................. 3 3,004 3.375%, 09/15/25............................. 61 59,941 Macy's Retail Holdings, Inc. 3.625%, 06/01/24............................. 750 718,020 Magellan Midstream Partners L.P. 4.250%, 02/01/21............................. 18 18,350 Marathon Petroleum Corp. 3.625%, 09/15/24............................. 96 94,274 Marriott International, Inc. 2.875%, 03/01/21............................. 12 11,879 Marsh & McLennan Cos., Inc. 2.350%, 09/10/19............................. 6 5,950 3.500%, 06/03/24............................. 97 95,510 MasterCard, Inc. 3.375%, 04/01/24............................. 21 21,026 Mattel, Inc. 2.350%, 05/06/19............................. 7 6,860 Maxim Integrated Products, Inc. 3.450%, 06/15/27............................. 69 66,119 McDonald's Corp. 2.200%, 05/26/20............................. 9 8,877 3.500%, 07/15/20............................. 57 57,649 2.625%, 01/15/22............................. 22 21,597 2.875%, 12/17/25............................. EUR 600 815,912 5.875%, 04/23/32............................. GBP 750 1,374,519 McKesson Corp. 3.796%, 03/15/24............................. 51 50,623 3.125%, 02/17/29............................. GBP 1,670 2,332,956 Mead Johnson Nutrition Co. 4.125%, 11/15/25............................. 69 70,083 Merck & Co., Inc. 2.800%, 05/18/23............................. 161 157,207 2.750%, 02/10/25............................. 136 129,943 Meritage Homes Corp. 6.000%, 06/01/25............................. 1,000 1,031,250 MetLife, Inc. 3.600%, 04/10/24............................. 189 189,014 3.000%, 03/01/25............................. 1,500 1,424,168 MGM Resorts International 7.750%, 03/15/22............................. 850 942,437 4.625%, 09/01/26............................. 105 99,356
79 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Microsoft Corp. 1.625%, 12/06/18............................. 11 $ 10,958 3.000%, 10/01/20............................. 12 12,097 2.000%, 11/03/20............................. 100 98,302 3.625%, 12/15/23............................. 109 111,015 2.700%, 02/12/25............................. 22 21,052 3.125%, 11/03/25............................. 36 35,119 2.400%, 08/08/26............................. 346 317,710 3.300%, 02/06/27............................. 288 281,761 Mobil Corp. 8.625%, 08/15/21............................. 15 17,620 Molson Coors Brewing Co. 3.500%, 05/01/22............................. 33 32,848 1.250%, 07/15/24............................. EUR 1,200 1,447,373 3.000%, 07/15/26............................. 87 79,645 Monsanto Co. 1.850%, 11/15/18............................. 34 33,850 2.125%, 07/15/19............................. 3 2,973 5.500%, 08/15/25............................. 26 28,115 Morgan Stanley 2.500%, 04/21/21............................. 29 28,332 5.500%, 07/28/21............................. 10 10,625 3.875%, 04/29/24............................. 140 140,115 3.875%, 01/27/26............................. 192 189,053 1.375%, 10/27/26............................. EUR 2,550 3,027,636 Mosaic Co. (The) 4.250%, 11/15/23............................. 46 46,076 4.050%, 11/15/27............................. 1,000 944,198 Motorola Solutions, Inc. 3.750%, 05/15/22............................. 37 36,789 3.500%, 03/01/23............................. 37 36,200 Murphy Oil Corp. 4.000%, 06/01/22............................. 1,100 1,075,250 Nasdaq, Inc. 4.250%, 06/01/24............................. 33 33,268 National Oilwell Varco, Inc. 2.600%, 12/01/22............................. 94 89,557 National Rural Utilities Cooperative Finance Corp. 8.000%, 03/01/32............................. 32 44,511 NetApp, Inc. 3.250%, 12/15/22............................. 13 12,697 Newell Brands, Inc. 4.000%, 06/15/22............................. 76 75,700 Newfield Exploration Co. 5.375%, 01/01/26............................. 800 827,200 NextEra Energy Capital Holdings, Inc. 4.500%, 06/01/21............................. 10 10,300 3.550%, 05/01/27............................. 59 56,624 NIKE, Inc. 2.375%, 11/01/26............................. 328 299,361 NiSource, Inc. 3.850%, 02/15/23............................. 27 27,172
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Noble Energy, Inc. 4.150%, 12/15/21............................. 20 $ 20,328 3.900%, 11/15/24............................. 18 17,870 Nordstrom, Inc. 4.750%, 05/01/20............................. 16 16,454 4.000%, 10/15/21............................. 11 11,132 4.000%, 03/15/27............................. 148 141,921 Norfolk Southern Corp. 2.903%, 02/15/23............................. 52 50,699 Northern Trust Corp. 3.375%, 08/23/21............................. 22 22,225 Northrop Grumman Corp. 3.250%, 08/01/23............................. 12 11,830 NuStar Logistics L.P. 5.625%, 04/28/27............................. 730 691,449 Nuveen Finance LLC ## 4.125%, 11/01/24............................. 32 32,086 O'Reilly Automotive, Inc. 3.800%, 09/01/22............................. 8 8,120 3.600%, 09/01/27............................. 500 474,367 Occidental Petroleum Corp. 2.700%, 02/15/23............................. 5 4,852 3.400%, 04/15/26............................. 85 83,072 3.000%, 02/15/27............................. 1,376 1,303,088 Ohio Power Co. 5.375%, 10/01/21............................. 27 28,767 Omnicom Group, Inc. / Omnicom Capital, Inc. 3.650%, 11/01/24............................. 38 37,243 ONE Gas, Inc. 2.070%, 02/01/19............................. 6 5,978 ONEOK, Inc. 4.000%, 07/13/27............................. 77 74,748 Oracle Corp. 2.500%, 10/15/22............................. 22 21,356 2.950%, 05/15/25............................. 325 311,273 2.650%, 07/15/26............................. 465 430,168 3.250%, 11/15/27............................. 56 53,738 Pacific Gas & Electric Co. 3.850%, 11/15/23............................. 37 36,985 3.750%, 02/15/24............................. 76 75,159 3.500%, 06/15/25............................. 50 48,118 Packaging Corp. of America 4.500%, 11/01/23............................. 45 46,270 Parker-Hannifin Corp. 3.300%, 11/21/24............................. 71 70,232 PepsiCo, Inc. 2.150%, 10/14/20............................. 75 73,822 2.750%, 03/05/22............................. 33 32,582 2.750%, 03/01/23............................. 52 50,932 3.500%, 07/17/25............................. 75 74,725 Pfizer, Inc. 3.000%, 06/15/23............................. 22 21,912 3.400%, 05/15/24............................. 75 74,702 3.000%, 12/15/26............................. 492 470,724
80 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Philip Morris International, Inc. 3.250%, 11/10/24............................. 68 $ 65,994 Phillips 66 4.300%, 04/01/22............................. 49 50,705 Phillips 66 Partners L.P. 3.550%, 10/01/26............................. 752 709,121 Plains All American Pipeline L.P. / PAA Finance Corp. 4.650%, 10/15/25............................. 800 800,712 PNC Financial Services Group, Inc. (The) 4.375%, 08/11/20............................. 3 3,077 3.300%, 03/08/22............................. 9 8,963 PolyOne Corp. 5.250%, 03/15/23............................. 1,000 1,023,750 PPG Industries, Inc. 3.750%, 03/15/28............................. 750 742,822 PPL Capital Funding, Inc. 3.400%, 06/01/23............................. 57 55,953 Praxair, Inc. 2.200%, 08/15/22............................. 9 8,624 Precision Castparts Corp. 2.500%, 01/15/23............................. 91 87,937 3.250%, 06/15/25............................. 362 353,789 Principal Financial Group, Inc. 3.125%, 05/15/23............................. 52 50,765 3.100%, 11/15/26............................. 53 49,652 Private Export Funding Corp. 4.300%, 12/15/21............................. 11 11,532 Procter & Gamble Co. (The) 1.850%, 02/02/21............................. 18 17,521 2.450%, 11/03/26............................. 13 11,980 2.850%, 08/11/27............................. 150 141,413 1.800%, 05/03/29............................. GBP 4,800 6,332,200 Progress Energy, Inc. 4.875%, 12/01/19............................. 6 6,146 4.400%, 01/15/21............................. 27 27,639 7.000%, 10/30/31............................. 630 801,046 Progressive Corp. (The) 3.750%, 08/23/21............................. 51 51,881 Prudential Financial, Inc. 4.500%, 11/15/20............................. 4 4,130 3.500%, 05/15/24............................. 1,712 1,705,650 PSEG Power LLC 2.450%, 11/15/18............................. 6 5,987 5.125%, 04/15/20............................. 26 26,902 4.300%, 11/15/23............................. 68 69,139 Puget Energy, Inc. 6.000%, 09/01/21............................. 92 98,703 PulteGroup, Inc. 4.250%, 03/01/21............................. 500 502,550 5.000%, 01/15/27............................. 500 487,000 QEP Resources, Inc. 5.375%, 10/01/22............................. 750 750,000
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) QUALCOMM, Inc. 2.250%, 05/20/20............................. 6 $ 5,905 3.450%, 05/20/25............................. 1,631 1,560,790 Quest Diagnostics, Inc. 3.500%, 03/30/25............................. 4 3,893 Radian Group, Inc. 7.000%, 03/15/21............................. 96 102,720 4.500%, 10/01/24............................. 1,200 1,146,000 Raytheon Co. 3.125%, 10/15/20............................. 47 47,202 2.500%, 12/15/22............................. 16 15,491 Reinsurance Group of America, Inc. 5.000%, 06/01/21............................. 11 11,438 4.700%, 09/15/23............................. 45 46,298 3.950%, 09/15/26............................. 111 108,949 Republic Services, Inc. 5.500%, 09/15/19............................. 2 2,070 3.550%, 06/01/22............................. 52 52,028 Reynolds American, Inc. 6.875%, 05/01/20............................. 47 50,220 Rockwell Automation, Inc. 2.875%, 03/01/25............................. 67 63,794 Roper Technologies, Inc. 3.000%, 12/15/20............................. 15 14,912 Ryder System, Inc. 2.450%, 09/03/19............................. 1 993 SCANA Corp. 4.125%, 02/01/22............................. 23 22,660 Sealed Air Corp. ## 4.875%, 12/01/22............................. 900 913,500 Sempra Energy 2.850%, 11/15/20............................. 62 61,264 4.050%, 12/01/23............................. 49 49,832 3.550%, 06/15/24............................. 76 74,780 Sherwin-Williams Co. (The) 3.450%, 08/01/25............................. 53 51,373 Southern Co. (The) 3.250%, 07/01/26............................. 56 52,564 Southern Power Co. 4.150%, 12/01/25............................. 17 17,180 1.850%, 06/20/26............................. EUR 1,200 1,481,103 Southwest Airlines Co. 2.650%, 11/05/20............................. 60 59,245 3.000%, 11/15/26............................. 107 100,345 Spectra Energy Partners L.P. 4.750%, 03/15/24............................. 22 22,559 StanCorp Financial Group, Inc. 5.000%, 08/15/22............................. 37 38,719 Starbucks Corp. 3.850%, 10/01/23............................. 14 14,343 State Street Corp. 4.375%, 03/07/21............................. 24 24,898 1.950%, 05/19/21............................. 28 27,103 3.300%, 12/16/24............................. 163 160,285 3.550%, 08/18/25............................. 96 95,401
81 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Stryker Corp. 2.625%, 03/15/21............................. 10 $ 9,864 3.375%, 05/15/24............................. 6 5,917 3.375%, 11/01/25............................. 109 106,557 SunTrust Banks, Inc. 2.900%, 03/03/21............................. 40 39,588 Sysco Corp. 2.600%, 10/01/20............................. 35 34,601 3.300%, 07/15/26............................. 23 21,962 Tapestry, Inc. 4.250%, 04/01/25............................. 196 192,540 Target Corp. 2.900%, 01/15/22............................. 42 41,828 2.500%, 04/15/26............................. 52 47,439 TD Ameritrade Holding Corp. 5.600%, 12/01/19............................. 2 2,080 2.950%, 04/01/22............................. 21 20,635 3.625%, 04/01/25............................. 86 85,619 Texas Instruments, Inc. 2.250%, 05/01/23............................. 8 7,668 Thermo Fisher Scientific, Inc. 2.000%, 04/15/25............................. EUR 1,000 1,271,433 Time Warner, Inc. 4.750%, 03/29/21............................. 13 13,512 4.000%, 01/15/22............................. 13 13,207 3.550%, 06/01/24............................. 52 50,804 3.600%, 07/15/25............................. 998 963,886 3.800%, 02/15/27............................. 653 631,215 Toll Brothers Finance Corp. 4.875%, 03/15/27............................. 500 486,250 4.350%, 02/15/28............................. 800 740,000 Total System Services, Inc. 4.800%, 04/01/26............................. 69 71,692 Travelers Cos., Inc. (The) 3.900%, 11/01/20............................. 69 70,197 TRI Pointe Group, Inc. / TRI Pointe Homes, Inc. 5.875%, 06/15/24............................. 1,300 1,317,875 Tyson Foods, Inc. 4.500%, 06/15/22............................. 65 67,235 U.S. Bancorp 2.350%, 01/29/21............................. 9 8,836 Under Armour, Inc. 3.250%, 06/15/26............................. 750 665,729 Union Pacific Corp. 2.250%, 02/15/19............................. 4 3,988 2.750%, 04/15/23............................. 7 6,780 3.250%, 01/15/25............................. 111 108,792 United Continental Holdings, Inc. 4.250%, 10/01/22............................. 1,400 1,363,600 United Technologies Corp. 3.100%, 06/01/22............................. 2 1,977 7.500%, 09/15/29............................. 7 8,968 UnitedHealth Group, Inc. 2.750%, 02/15/23............................. 101 98,069
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) 2.875%, 03/15/23............................. 67 $ 65,367 3.750%, 07/15/25............................. 137 136,854 Unum Group 4.000%, 03/15/24............................. 59 59,159 3.875%, 11/05/25............................. 23 22,307 Valero Energy Corp. 3.400%, 09/15/26............................. 46 43,933 VeriSign, Inc. 5.250%, 04/01/25............................. 1,007 1,030,292 Verizon Communications, Inc. 3.500%, 11/01/24............................. 14 13,748 3.376%, 02/15/25............................. 194 188,326 2.625%, 08/15/26............................. 24 21,530 1.375%, 10/27/26............................. EUR 1,000 1,197,934 Viacom, Inc. 2.750%, 12/15/19............................. 3 2,972 4.500%, 03/01/21............................. 22 22,585 4.250%, 09/01/23............................. 7 7,037 3.875%, 04/01/24............................. 57 55,801 Visa, Inc. 3.150%, 12/14/25............................. 170 165,615 Wal-Mart Stores, Inc. 2.550%, 04/08/26............................. EUR 1,300 1,753,469 Walgreen Co. 3.100%, 09/15/22............................. 80 78,129 Walgreens Boots Alliance, Inc. 3.300%, 11/18/21............................. 150 149,391 3.450%, 06/01/26............................. 35 32,800 2.125%, 11/20/26............................. EUR 1,700 2,111,838 Walmart, Inc. 2.550%, 04/11/23............................. 79 76,614 3.300%, 04/22/24............................. 78 77,998 5.750%, 12/19/30............................. GBP 1,100 2,064,677 Walt Disney Co. (The) 3.150%, 09/17/25............................. 75 73,527 Waste Management, Inc. 4.600%, 03/01/21............................. 21 21,759 3.500%, 05/15/24............................. 58 57,506 3.125%, 03/01/25............................. 40 38,354 WEC Energy Group, Inc. 2.450%, 06/15/20............................. 19 18,730 3.550%, 06/15/25............................. 52 51,036 Wells Fargo & Co. 2.600%, 07/22/20............................. 3 2,969 3.500%, 03/08/22............................. 102 101,824 3.000%, 02/19/25............................. 190 178,352 3.000%, 04/22/26............................. 32 29,523 2.000%, 04/27/26............................. EUR 800 1,010,492 1.375%, 10/26/26............................. EUR 500 599,468 Western Gas Partners L.P. 4.000%, 07/01/22............................. 700 693,519 Western Power Distribution South West P.L.C. 5.875%, 03/25/27............................. GBP 900 1,546,921
82 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Western Union Co. (The) 5.253%, 04/01/20............................. 27 $ 27,900 WestRock MWV LLC 8.200%, 01/15/30............................. 180 241,069 Whirlpool Corp. 4.700%, 06/01/22............................. 22 22,906 3.700%, 05/01/25............................. 145 142,804 Whirlpool Finance Luxembourg Sarl 1.250%, 11/02/26............................. EUR 1,200 1,447,960 Williams Cos., Inc. (The) 7.875%, 09/01/21............................. 498 552,780 Williams Partners L.P. 4.000%, 09/15/25............................. 136 132,077 3.750%, 06/15/27............................. 16 15,036 Wisconsin Electric Power Co. 3.100%, 06/01/25............................. 37 35,762 Wm Wrigley Jr Co. ## 2.900%, 10/21/19............................. 2 1,999 WR Grace & Co. ## 5.125%, 10/01/21............................. 810 832,105 Wyndham Worldwide Corp. 3.900%, 03/01/23............................. 88 83,366 Xerox Corp. 4.070%, 03/17/22............................. 13 12,910 3.800%, 05/15/24............................. 50 48,439 Xilinx, Inc. 3.000%, 03/15/21............................. 11 10,895 Zimmer Biomet Holdings, Inc. 3.550%, 04/01/25............................. 731 703,523 Zoetis, Inc. 3.000%, 09/12/27............................. 62 57,308 ------------ TOTAL UNITED STATES.............................. 160,387,093 ------------ TOTAL BONDS...................................... 372,327,251 ------------ AGENCY OBLIGATIONS -- (4.2%) Federal Farm Credit Bank 5.320%, 09/03/19............................. 74 76,793 5.150%, 11/15/19............................. 61 63,434 4.670%, 05/07/20............................. 19 19,779 5.350%, 08/07/20............................. 23 24,372 3.650%, 12/21/20............................. 152 155,719 5.250%, 03/02/21............................. 21 22,439 5.220%, 02/22/22............................. 17 18,460 5.210%, 12/19/22............................. 73 80,245 4.800%, 02/13/23............................. 7 7,584 5.250%, 03/06/23............................. 21 23,194 5.220%, 05/15/23............................. 166 183,648 2.630%, 08/03/26............................. 67 64,411 5.770%, 01/05/27............................. 22 26,272 Federal Home Loan Bank 1.500%, 03/08/19............................. 130 129,167 1.875%, 03/08/19............................. 195 194,363 5.375%, 05/15/19............................. 195 201,087 1.625%, 06/14/19............................. 185 183,453
FACE AMOUNT^ VALUE+ ------- ------ (000) 4.125%, 03/13/20............................. 310 $ 318,754 3.000%, 03/18/20............................. 65 65,518 3.375%, 06/12/20............................. 100 101,616 2.875%, 09/11/20............................. 50 50,209 4.625%, 09/11/20............................. 90 94,168 3.125%, 12/11/20............................. 20 20,200 5.250%, 12/11/20............................. 25 26,658 1.750%, 03/12/21............................. 140 136,269 5.000%, 03/12/21............................. 20 21,284 2.250%, 06/11/21............................. 240 235,827 3.625%, 06/11/21............................. 35 35,944 5.625%, 06/11/21............................. 130 141,052 2.375%, 09/10/21............................. 135 133,536 3.000%, 09/10/21............................. 110 111,012 5.000%, 12/10/21............................. 155 166,466 2.250%, 03/11/22............................. 35 34,279 2.500%, 03/11/22............................. 40 39,603 5.250%, 06/10/22............................. 30 32,927 5.750%, 06/10/22............................. 65 72,511 2.000%, 09/09/22............................. 55 53,133 5.375%, 09/30/22............................. 220 243,288 5.250%, 12/09/22............................. 50 55,329 4.750%, 03/10/23............................. 170 184,105 3.250%, 06/09/23............................. 120 122,066 2.500%, 12/08/23............................. 115 112,356 3.250%, 03/08/24............................. 345 349,827 2.875%, 06/14/24............................. 55 54,705 5.375%, 08/15/24............................. 65 73,753 2.875%, 09/13/24............................. 760 753,604 2.750%, 12/13/24............................. 880 864,651 4.375%, 03/13/26............................. 70 75,351 5.750%, 06/12/26............................. 140 166,188 Federal Home Loan Mortgage Corp. 6.750%, 09/15/29............................. 216 286,326 6.750%, 03/15/31............................. 260 352,341 6.250%, 07/15/32............................. 243 322,332 Federal National Mortgage Association 1.500%, 06/22/20............................. 53 51,824 1.250%, 05/06/21............................. 58 55,667 2.000%, 01/05/22............................. 266 258,509 2.375%, 01/19/23............................. 450 440,018 2.625%, 09/06/24............................. 1,769 1,728,777 2.125%, 04/24/26............................. 730 679,752 1.875%, 09/24/26............................. 1,171 1,059,845 6.250%, 05/15/29............................. 616 784,047 7.125%, 01/15/30............................. 75 102,631 7.250%, 05/15/30............................. 249 345,649 6.625%, 11/15/30............................. 1,288 1,721,104 Tennessee Valley Authority 1.750%, 10/15/18............................. 37 36,929 1.875%, 08/15/22............................. 442 425,102 2.875%, 09/15/24............................. 646 639,145 6.750%, 11/01/25............................. 296 367,895
83 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) 2.875%, 02/01/27............................. 196 $ 190,166 7.125%, 05/01/30............................. 498 683,444 ----------- TOTAL AGENCY OBLIGATIONS......................... 16,952,112 ----------- U.S. TREASURY OBLIGATIONS -- (4.6%) U.S. Treasury Bonds 7.500%, 11/15/24............................. 577 736,201 6.875%, 08/15/25............................. 466 588,086 6.000%, 02/15/26............................. 516 626,819 6.625%, 02/15/27............................. 522 671,485 6.125%, 11/15/27............................. 344 434,251 5.250%, 11/15/28............................. 426 513,821 5.250%, 02/15/29............................. 1,165 1,410,379 6.125%, 08/15/29............................. 299 389,329 6.250%, 05/15/30............................. 300 399,778 5.375%, 02/15/31............................. 1,282 1,608,559
FACE AMOUNT^ VALUE+ ------- ------ (000) U.S. Treasury Notes 2.125%, 12/31/22............................. 289 $ 280,445 1.250%, 07/31/23............................. 462 426,682 2.750%, 02/15/24............................. 828 822,848 2.500%, 05/15/24............................. 1,132 1,108,368 2.250%, 11/15/24............................. 791 760,661 2.000%, 02/15/25............................. 289 272,551 2.125%, 05/15/25............................. 1,270 1,206,433 2.000%, 08/15/25............................. 1,952 1,833,625 2.250%, 11/15/25............................. 805 767,989 1.625%, 02/15/26............................. 751 682,404 1.625%, 05/15/26............................. 1,467 1,329,116 1.500%, 08/15/26............................. 1,213 1,084,419 2.250%, 11/15/27............................. 982 924,677 ------------ TOTAL U.S. TREASURY OBLIGATIONS.................. 18,878,926 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $417,036,206)............................ $408,158,289 ============
At April 30, 2018, DFA Global Core Plus Fixed Income Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying financial statements:
UNREALIZED FOREIGN EXCHANGE SETTLEMENT APPRECIATION CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION) ------------------ ----------------- --------------------------- ------------------ -------------- USD 1,175,096 EUR 966,106 State Street Bank and Trust 07/06/18 $ 2,610 USD 2,215,165 EUR 1,786,630 State Street Bank and Trust 07/06/18 46,874 USD 2,354,528 EUR 1,938,905 Citibank, N.A. 07/06/18 1,433 USD 143,781,323 EUR 116,070,716 State Street Bank and Trust 07/06/18 2,915,502 USD 1,049,488 JPY 113,834,150 Citibank, N.A. 07/11/18 3,109 USD 5,561,375 AUD 7,176,485 State Street Bank and Trust 07/11/18 157,108 USD 14,362,658 CAD 18,067,784 Citibank, N.A. 07/11/18 267,217 USD 28,531,676 JPY 3,040,385,072 State Street Bank and Trust 07/11/18 584,044 USD 3,002,101 DKK 18,020,388 Citibank, N.A. 07/13/18 64,777 USD 5,950,587 SEK 49,825,296 Citibank, N.A. 07/13/18 228,702 USD 59,406,528 GBP 41,505,764 State Street Bank and Trust 07/13/18 2,063,330 ---------- TOTAL APPRECIATION $6,334,706 DKK 190,980 USD 31,388 Citibank, N.A. 07/13/18 $ (258) SEK 615,957 USD 72,410 Citibank, N.A. 07/13/18 (1,674) ---------- TOTAL (DEPRECIATION) $ (1,932) ---------- TOTAL APPRECIATION (DEPRECIATION) $6,332,774 ==========
84 DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Bonds Australia.......... -- $14,954,737 -- $ 14,954,737 Austria............ -- 22,984 -- 22,984 Belgium............ -- 2,257,874 -- 2,257,874 Canada............. -- 19,568,858 -- 19,568,858 Denmark............ -- 5,733,550 -- 5,733,550 Finland............ -- 927,500 -- 927,500 France............. -- 26,230,506 -- 26,230,506 Germany............ -- 18,100,327 -- 18,100,327 Ireland............ -- 1,315,941 -- 1,315,941 Italy.............. -- 4,907,740 -- 4,907,740 Japan.............. -- 862,809 -- 862,809 Luxembourg......... -- 1,547,840 -- 1,547,840 Netherlands........ -- 26,909,382 -- 26,909,382 Norway............. -- 191,810 -- 191,810 Spain.............. -- 2,441,855 -- 2,441,855 Supranational Organization Obligations...... -- 26,687,228 -- 26,687,228 Sweden............. -- 11,618,328 -- 11,618,328 Switzerland........ -- 14,318,753 -- 14,318,753 United Kingdom..... -- 33,342,136 -- 33,342,136 United States...... -- 160,387,093 -- 160,387,093 Agency Obligations.. -- 16,952,112 -- 16,952,112 U.S. Treasury Obligations........ -- 18,878,926 -- 18,878,926 Forward Currency Contracts**........ -- 6,332,774 -- 6,332,774 -- ------------ -- ------------ TOTAL............... -- $414,491,063 -- $414,491,063 == ============ == ============
**Valued at the unrealized appreciation/(depreciation) on the investment. See accompanying Notes to Financial Statements. 85 DFA INVESTMENT GRADE PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT^ VALUE+ ------- ------ (000) BONDS -- (52.5%) AUSTRALIA -- (1.7%) ANZ New Zealand International Ltd. ## 3.450%, 07/17/27............................. 6,000 $ 5,761,144 Australia & New Zealand Banking Group, Ltd. 3.700%, 11/16/25............................. 6,110 6,094,071 BHP Billiton Finance USA, Ltd. # 2.875%, 02/24/22............................. 1,077 1,064,074 Commonwealth Bank of Australia 2.300%, 09/06/19............................. 558 553,493 5.000%, 03/19/20............................. 784 810,259 2.400%, 11/02/20............................. 6,605 6,496,713 ## 2.850%, 05/18/26............................. 22,784 21,100,194 ## # 3.150%, 09/19/27............................. 890 835,106 Macquarie Bank, Ltd. ## # 3.900%, 01/15/26............................. 24,711 24,488,560 National Australia Bank, Ltd. 2.250%, 07/01/19............................. 1,849 1,836,692 3.375%, 01/14/26............................. 3,000 2,898,118 ## 3.500%, 01/10/27............................. 29,999 29,099,422 Westpac Banking Corp. # 4.875%, 11/19/19............................. 9,051 9,311,591 2.850%, 05/13/26............................. 8,933 8,275,776 2.700%, 08/19/26............................. 1,977 1,808,550 # 3.350%, 03/08/27............................. 27,267 26,076,063 ------------ TOTAL AUSTRALIA.................................... 146,509,826 ------------ AUSTRIA -- (0.0%) Oesterreichische Kontrollbank AG 1.125%, 05/29/18............................. 1,941 1,939,622 ------------ BELGIUM -- (0.1%) Anheuser-Busch InBev Finance, Inc. # 2.625%, 01/17/23............................. 3,471 3,340,730 3.650%, 02/01/26............................. 2,965 2,894,778 Anheuser-Busch InBev Worldwide, Inc. # 4.375%, 02/15/21............................. 385 397,214 # 2.500%, 07/15/22............................. 2,011 1,941,433 Solvay Finance America LLC ## 4.450%, 12/03/25............................. 200 204,653 ------------ TOTAL BELGIUM...................................... 8,778,808 ------------ CANADA -- (1.5%) Alberta, Province of Canada ## # 1.750%, 08/26/20............................. 10,000 9,738,558
FACE AMOUNT^ VALUE+ ------- ------ (000) CANADA -- (Continued) Alimentation Couche-Tard, Inc. ## 3.550%, 07/26/27............................. 2,000 $ 1,891,030 Bank of Montreal 2.375%, 01/25/19............................. 32 31,970 Bank of Nova Scotia (The) 2.050%, 06/05/19............................. 1,149 1,139,884 4.375%, 01/13/21............................. 3,200 3,297,630 British Columbia, Province of Canada # 6.500%, 01/15/26............................. 7,918 9,550,566 Canadian Natural Resources, Ltd. 3.850%, 06/01/27............................. 3,898 3,766,654 Canadian Pacific Railway Co. 2.900%, 02/01/25............................. 3,024 2,855,069 3.700%, 02/01/26............................. 4,880 4,777,845 Enbridge, Inc. # 4.000%, 10/01/23............................. 2,898 2,898,428 3.500%, 06/10/24............................. 1,280 1,237,079 # 3.700%, 07/15/27............................. 1,000 941,720 Goldcorp, Inc. # 3.625%, 06/09/21............................. 3,975 3,975,589 Nutrien, Ltd. 3.625%, 03/15/24............................. 3,460 3,410,661 3.000%, 04/01/25............................. 3,460 3,230,412 Province of Manitoba Canada 2.050%, 11/30/20............................. 11,169 10,926,167 Province of Ontario Canada # 1.650%, 09/27/19............................. 523 515,814 3.150%, 06/02/22............................. CAD 19,927 15,921,114 2.450%, 06/29/22............................. 1,088 1,057,006 Quebec, Province of Canada 2.625%, 02/13/23............................. 4,480 4,373,988 Rogers Communications, Inc. 3.000%, 03/15/23............................. 1,765 1,726,215 4.100%, 10/01/23............................. 1,248 1,275,954 Royal Bank of Canada 2.350%, 10/30/20............................. 4,942 4,852,073 Suncor Energy, Inc. 3.600%, 12/01/24............................. 7,406 7,300,503 Thomson Reuters Corp. 4.300%, 11/23/23............................. 5,120 5,183,896 3.850%, 09/29/24............................. 662 648,906 Toronto-Dominion Bank (The) 2.125%, 07/02/19............................. 3,660 3,636,594 2.125%, 04/07/21............................. 13,987 13,575,233 1.994%, 03/23/22............................. CAD 4,942 3,744,596
86 DFA INVESTMENT GRADE PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) CANADA -- (Continued) TransCanada PipeLines, Ltd. 3.800%, 10/01/20............................. 1,280 $ 1,299,589 # 2.500%, 08/01/22............................. 3,272 3,147,537 ------------ TOTAL CANADA....................................... 131,928,280 ------------ DENMARK -- (0.4%) Danske Bank A.S. ## 2.750%, 09/17/20............................. 1,058 1,045,417 ## 2.800%, 03/10/21............................. 6,530 6,440,140 Kommunekredit 0.0%, 09/08/22............................... EUR 21,894 26,288,404 ------------ TOTAL DENMARK...................................... 33,773,961 ------------ FRANCE -- (0.8%) Airbus SE ## 3.150%, 04/10/27............................. 7,500 7,194,052 BNP Paribas SA # 2.450%, 03/17/19............................. 592 591,568 # 3.250%, 03/03/23............................. 1,920 1,904,547 BPCE SA 4.000%, 04/15/24............................. 10,914 10,933,623 Credit Agricole SA ## 2.750%, 06/10/20............................. 1,125 1,113,915 # 3.875%, 04/15/24............................. 8,591 8,650,093 Electricite de France SA ## 3.625%, 10/13/25............................. 3,460 3,410,338 Pernod Ricard SA ## 4.450%, 01/15/22............................. 6,474 6,693,940 ## # 3.250%, 06/08/26............................. 14,827 14,189,375 Total Capital International SA 2.125%, 01/10/19............................. 843 839,998 2.100%, 06/19/19............................. 2,226 2,212,961 3.750%, 04/10/24............................. 9,600 9,705,494 ------------ TOTAL FRANCE....................................... 67,439,904 ------------ GERMANY -- (0.9%) Bayer U.S. Finance LLC ## # 2.375%, 10/08/19............................. 4,739 4,693,117 Bayer U.S. Finance LLC ## # 3.375%, 10/08/24............................. 12,544 12,186,797 BMW U.S. Capital LLC ## 2.800%, 04/11/26............................. 18,030 16,812,766 ## 3.300%, 04/06/27............................. 4,942 4,754,097 Daimler Finance North America LLC ## 3.250%, 08/01/24............................. 2,072 2,009,693 8.500%, 01/18/31............................. 8,896 12,679,579 Deutsche Bank AG # 2.500%, 02/13/19............................. 2,405 2,395,076 2.500%, 02/13/19............................. 1,058 1,053,640 2.950%, 08/20/20............................. 136 133,831 # 3.125%, 01/13/21............................. 1,977 1,941,086 3.700%, 05/30/24............................. 9,641 9,187,238
FACE AMOUNT^ VALUE+ ------- ------ (000) GERMANY -- (Continued) EMD Finance LLC ## 2.950%, 03/19/22............................. 5,120 $ 5,013,965 Kreditanstalt fuer Wiederaufbau 1.875%, 04/01/19............................. 732 728,359 NRW Bank 1.875%, 07/01/19............................. 2,092 2,073,883 Siemens Financieringsmaatschappij NV ## 6.125%, 08/17/26............................. 3,821 4,450,669 Volkswagen Group of America Finance LLC ## 2.400%, 05/22/20............................. 699 687,438 ----------- TOTAL GERMANY.................................... 80,801,234 ----------- IRELAND -- (0.4%) Allergan Finance LLC 3.250%, 10/01/22............................. 7,562 7,323,559 Allergan Funding SCS 3.450%, 03/15/22............................. 12,881 12,662,365 # 3.800%, 03/15/25............................. 2,471 2,368,560 Johnson Controls International P.L.C. 3.625%, 07/02/24............................. 983 972,242 Medtronic, Inc. 3.125%, 03/15/22............................. 1,143 1,138,001 3.500%, 03/15/25............................. 1,977 1,955,396 Perrigo Finance Unlimited Co. 3.500%, 03/15/21............................. 843 839,652 # 3.500%, 12/15/21............................. 1,594 1,576,944 3.900%, 12/15/24............................. 3,885 3,809,893 # 4.375%, 03/15/26............................. 5,000 4,966,944 ----------- TOTAL IRELAND.................................... 37,613,556 ----------- ITALY -- (0.3%) Intesa Sanpaolo SpA # 5.250%, 01/12/24............................. 7,664 7,999,122 ## 3.875%, 07/14/27............................. 7,300 6,850,086 UniCredit SpA ## 4.625%, 04/12/27............................. 6,170 6,164,219 ----------- TOTAL ITALY...................................... 21,013,427 ----------- JAPAN -- (1.1%) American Honda Finance Corp. 2.300%, 09/09/26............................. 11,110 10,140,004 Beam Suntory, Inc. 1.750%, 06/15/18............................. 1,941 1,938,708 3.250%, 06/15/23............................. 3,983 3,855,671 Japan Bank for International Cooperation 1.750%, 07/31/18............................. 491 490,273
87 DFA INVESTMENT GRADE PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) JAPAN -- (Continued) Japan Finance Organization for Municipalities 2.500%, 09/12/18............................. 814 $ 813,658 2.125%, 03/06/19............................. 528 525,101 Mitsubishi UFJ Financial Group, Inc. # 3.677%, 02/22/27............................. 2,965 2,909,543 Mizuho Financial Group, Inc. ## 2.632%, 04/12/21............................. 3,700 3,613,064 MUFG Americas Holdings Corp. 3.500%, 06/18/22............................. 5,472 5,452,034 MUFG Bank, Ltd. 3.250%, 09/08/24............................. 3,237 3,148,618 Nissan Motor Acceptance Corp. ## 2.125%, 03/03/20............................. 1,680 1,651,712 Nomura Holdings, Inc. 6.700%, 03/04/20............................. 1,394 1,475,942 Sumitomo Mitsui Banking Corp. 3.950%, 07/19/23............................. 5,931 6,007,030 Sumitomo Mitsui Financial Group, Inc. 2.934%, 03/09/21............................. 1,977 1,958,254 3.784%, 03/09/26............................. 4,942 4,890,916 Toyota Credit Canada, Inc. 2.020%, 02/28/22............................. CAD 4,942 3,740,324 Toyota Motor Credit Corp. 2.100%, 01/17/19............................. 892 890,144 3.300%, 01/12/22............................. 2,605 2,610,902 # 2.625%, 01/10/23............................. 3,999 3,877,251 # 3.200%, 01/11/27............................. 26,976 26,045,148 # 3.050%, 01/11/28............................. 11,550 10,959,286 ----------- TOTAL JAPAN...................................... 96,993,583 ----------- LIBERIA -- (0.0%) Royal Caribbean Cruises, Ltd. 7.500%, 10/15/27............................. 1,000 1,220,778 3.700%, 03/15/28............................. 1,500 1,413,335 ----------- TOTAL LIBERIA.................................... 2,634,113 ----------- NETHERLANDS -- (1.9%) Ahold Finance USA LLC 6.875%, 05/01/29............................. 704 834,337 Bank Nederlandse Gemeenten NV 2.500%, 01/23/23............................. 6,400 6,240,640 Cooperatieve Rabobank UA 3.875%, 02/08/22............................. 7,090 7,204,205 # 3.375%, 05/21/25............................. 17,522 17,101,330
FACE AMOUNT^ VALUE+ ------- ------ (000) NETHERLANDS -- (Continued) Enel Finance International NV ## # 3.500%, 04/06/28............................. 2,800 $ 2,590,797 Heineken NV ## 2.750%, 04/01/23............................. 2,219 2,145,315 ING Bank NV ## 2.050%, 08/15/21............................. 5,000 4,790,824 ING Groep NV 3.950%, 03/29/27............................. 10,000 9,824,326 LYB International Finance II BV # 3.500%, 03/02/27............................. 4,166 3,934,174 LyondellBasell Industries NV 5.750%, 04/15/24............................. 5,827 6,314,656 Mylan NV 3.950%, 06/15/26............................. 17,157 16,284,645 Mylan, Inc. 4.200%, 11/29/23............................. 4,480 4,484,614 Nederlandse Waterschapsbank NV 1.875%, 03/13/19............................. 1,348 1,340,579 Shell International Finance BV # 2.500%, 09/12/26............................. 11,169 10,333,224 Shell International Finance BV 2.250%, 11/10/20............................. 4,646 4,579,809 # 3.400%, 08/12/23............................. 10,559 10,589,675 # 3.250%, 05/11/25............................. 31,117 30,583,526 # 2.875%, 05/10/26............................. 29,810 28,325,782 ------------ TOTAL NETHERLANDS.................................. 167,502,458 ------------ NORWAY -- (0.2%) Kommunalbanken A.S. 1.750%, 05/28/19............................. 2,116 2,098,424 Statoil ASA 1.150%, 05/15/18............................. 1,366 1,365,478 2.450%, 01/17/23............................. 8,692 8,356,412 # 2.650%, 01/15/24............................. 6,950 6,671,455 ------------ TOTAL NORWAY....................................... 18,491,769 ------------ SPAIN -- (0.5%) Banco Santander SA 3.800%, 02/23/28............................. 7,000 6,619,105 Iberdrola Finance Ireland DAC ## 5.000%, 09/11/19............................. 713 730,429 Santander Holdings USA, Inc. 4.500%, 07/17/25............................. 17,590 17,707,231 Santander UK P.L.C. 2.375%, 03/16/20............................. 330 325,715 4.000%, 03/13/24............................. 8,788 8,866,026
88 DFA INVESTMENT GRADE PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) SPAIN -- (Continued) Telefonica Emisiones SAU 5.462%, 02/16/21............................. 829 $ 876,732 # 4.570%, 04/27/23............................. 7,532 7,847,419 Telefonica Europe BV 8.250%, 09/15/30............................. 3,000 4,005,022 ------------ TOTAL SPAIN...................................... 46,977,679 ------------ SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (0.5%) Asian Development Bank 1.750%, 09/11/18............................. 867 865,581 1.875%, 04/12/19............................. 2,092 2,080,992 European Financial Stability Facility 0.0%, 11/17/22............................... EUR 19,769 23,842,814 European Investment Bank 1.875%, 03/15/19............................. 523 520,653 # 3.250%, 01/29/24............................. 3,200 3,238,675 Inter-American Development Bank 3.000%, 02/21/24............................. 1,730 1,723,082 7.000%, 06/15/25............................. 3,840 4,699,473 6.750%, 07/15/27............................. 1,942 2,413,370 International Finance Corp. 0.875%, 06/15/18............................. 292 291,629 Nordic Investment Bank 1.875%, 06/14/19............................. 529 525,191 ------------ TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS..... 40,201,460 ------------ SWEDEN -- (1.2%) Kommuninvest I Sverige AB 2.000%, 11/12/19............................. 529 524,012 0.250%, 06/01/22............................. SEK 296,540 33,831,226 Nordea Bank AB 1.625%, 05/15/18............................. 227 226,968 Svensk Exportkredit AB 1.875%, 06/17/19............................. 1,164 1,155,072 Svenska Handelsbanken AB 2.500%, 01/25/19............................. 578 577,364 0.250%, 02/28/22............................. EUR 9,390 11,313,870 Sweden Government Bond 3.500%, 06/01/22............................. SEK 419,105 55,122,096 ------------ TOTAL SWEDEN..................................... 102,750,608 ------------ SWITZERLAND -- (1.0%) ABB Finance USA, Inc. 2.875%, 05/08/22............................. 3,884 3,814,038 Chubb INA Holdings, Inc. # 2.875%, 11/03/22............................. 1,852 1,815,557 # 2.700%, 03/13/23............................. 2,965 2,869,461 3.350%, 05/15/24............................. 5,120 5,052,975
FACE AMOUNT^ VALUE+ ------- ------ (000) SWITZERLAND -- (Continued) Credit Suisse AG 2.300%, 05/28/19............................. 162 $ 161,291 # 3.000%, 10/29/21............................. 3,011 2,979,520 # 3.625%, 09/09/24............................. 16,929 16,771,562 Novartis Capital Corp. # 3.400%, 05/06/24............................. 6,080 6,056,336 3.100%, 05/17/27............................. 10,983 10,515,127 Roche Holdings, Inc. ## 2.625%, 05/15/26............................. 1,000 930,115 ## # 2.375%, 01/28/27............................. 14,000 12,683,029 UBS AG 2.375%, 08/14/19............................. 148 147,179 UBS Group Funding Switzerland AG ## 4.125%, 09/24/25............................. 20,990 20,866,573 ----------- TOTAL SWITZERLAND.................................. 84,662,763 ----------- UNITED KINGDOM -- (1.9%) Anglo American Capital P.L.C. ## 4.750%, 04/10/27............................. 3,275 3,270,218 ## 4.000%, 09/11/27............................. 8,200 7,727,457 Aon Corp. 5.000%, 09/30/20............................. 810 841,761 Aon P.L.C. 4.000%, 11/27/23............................. 4,000 4,058,892 3.500%, 06/14/24............................. 9,147 8,961,949 AstraZeneca P.L.C. 2.375%, 11/16/20............................. 2,916 2,867,397 3.375%, 11/16/25............................. 7,484 7,268,385 AXIS Specialty Finance P.L.C. 4.000%, 12/06/27............................. 2,800 2,651,263 BAE Systems Holdings, Inc. ## 2.850%, 12/15/20............................. 1,239 1,224,387 Barclays P.L.C. 2.750%, 11/08/19............................. 626 621,691 3.650%, 03/16/25............................. 14,330 13,666,679 4.375%, 01/12/26............................. 9,970 9,844,238 Baxalta, Inc. 2.875%, 06/23/20............................. 471 466,111 BP Capital Markets P.L.C. # 3.245%, 05/06/22............................. 2,848 2,840,408 3.535%, 11/04/24............................. 2,240 2,232,566 3.119%, 05/04/26............................. 5,915 5,658,503 3.017%, 01/16/27............................. 11,773 11,102,047 Diageo Investment Corp. 2.875%, 05/11/22............................. 131 128,867 GlaxoSmithKline Capital, Inc. # 2.800%, 03/18/23............................. 5,387 5,244,170 HSBC Holdings P.L.C. # 3.400%, 03/08/21............................. 4,100 4,110,285 4.000%, 03/30/22............................. 5,009 5,109,307 # 4.300%, 03/08/26............................. 2,000 2,027,890
89 DFA INVESTMENT GRADE PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED KINGDOM -- (Continued) HSBC USA, Inc. 2.375%, 11/13/19............................. 317 $ 313,662 3.500%, 06/23/24............................. 12,593 12,390,500 Lloyds Banking Group P.L.C. # 3.750%, 01/11/27............................. 4,750 4,539,269 # 4.375%, 03/22/28............................. 4,000 3,975,710 Nationwide Building Society ## 3.900%, 07/21/25............................. 4,600 4,600,566 Rolls-Royce P.L.C. ## 3.625%, 10/14/25............................. 9,100 8,993,252 Royal Bank of Scotland Group P.L.C. # 4.800%, 04/05/26............................. 4,800 4,891,032 Standard Chartered P.L.C. ## 4.050%, 04/12/26............................. 4,380 4,271,678 TechnipFMC P.L.C. ## 3.450%, 10/01/22............................. 4,235 4,113,008 Vodafone Group P.L.C. 5.450%, 06/10/19............................. 82 84,197 # 4.375%, 03/16/21............................. 902 928,083 2.500%, 09/26/22............................. 9,656 9,203,304 7.875%, 02/15/30............................. 7,107 9,060,814 ------------ TOTAL UNITED KINGDOM............................. 169,289,546 ------------ UNITED STATES -- (38.1%) 21st Century Fox America, Inc. 3.700%, 09/15/24............................. $ 14,364 14,310,982 3M Co. 2.875%, 10/15/27............................. 14,390 13,605,390 Abbott Laboratories # 2.000%, 03/15/20............................. 7,212 7,080,679 2.800%, 09/15/20............................. 130 129,172 3.250%, 04/15/23............................. 3,200 3,141,803 2.950%, 03/15/25............................. 12,469 11,826,203 AbbVie, Inc. # 2.900%, 11/06/22............................. 2,800 2,725,056 3.600%, 05/14/25............................. 18,850 18,288,019 Activision Blizzard, Inc. 3.400%, 06/15/27............................. 4,448 4,212,991 Adobe Systems, Inc. 3.250%, 02/01/25............................. 1,920 1,887,923 Advance Auto Parts, Inc. 4.500%, 12/01/23............................. 1,186 1,213,996 Aetna, Inc. 2.200%, 03/15/19............................. 339 337,203 2.750%, 11/15/22............................. 8,320 8,009,856 # 3.500%, 11/15/24............................. 5,359 5,226,559 Affiliated Managers Group, Inc. 3.500%, 08/01/25............................. 3,410 3,295,834 Aflac, Inc. # 2.400%, 03/16/20............................. 1,087 1,072,709 3.250%, 03/17/25............................. 11,007 10,695,510
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Agilent Technologies, Inc. 5.000%, 07/15/20............................. 17 $ 17,674 Air Products & Chemicals, Inc. 2.750%, 02/03/23............................. 976 954,180 Alabama Power Co. 2.800%, 04/01/25............................. 2,560 2,406,541 Albemarle Corp. 4.150%, 12/01/24............................. 7,365 7,480,174 Allstate Corp. (The) 3.150%, 06/15/23............................. 5,073 4,999,137 Alphabet, Inc. # 3.375%, 02/25/24............................. 4,494 4,513,299 # 1.998%, 08/15/26............................. 7,385 6,594,704 Altria Group, Inc. 4.750%, 05/05/21............................. 208 216,673 2.850%, 08/09/22............................. 3,950 3,847,729 Amazon.com, Inc. 3.800%, 12/05/24............................. 4,864 4,945,106 Ameren Corp. 2.700%, 11/15/20............................. 988 974,407 American Express Credit Corp. # 2.250%, 05/05/21............................. 148 144,193 3.300%, 05/03/27............................. 16,929 16,181,415 American International Group, Inc. 3.300%, 03/01/21............................. 1,483 1,477,045 4.875%, 06/01/22............................. 1,425 1,490,255 4.125%, 02/15/24............................. 10,069 10,135,801 3.750%, 07/10/25............................. 8,747 8,561,220 3.900%, 04/01/26............................. 5,374 5,245,155 American Water Capital Corp. # 3.850%, 03/01/24............................. 2,115 2,142,031 2.950%, 09/01/27............................. 584 546,657 Ameriprise Financial, Inc. 5.300%, 03/15/20............................. 129 133,948 4.000%, 10/15/23............................. 3,722 3,811,102 2.875%, 09/15/26............................. 6,175 5,751,827 AmerisourceBergen Corp. 3.400%, 05/15/24............................. 1,223 1,190,617 Amgen, Inc. 4.100%, 06/15/21............................. 6,993 7,154,242 # 3.625%, 05/22/24............................. 6,399 6,374,428 # 3.125%, 05/01/25............................. 3,200 3,056,494 2.600%, 08/19/26............................. 4,147 3,735,405 Analog Devices, Inc. 3.900%, 12/15/25............................. 4,965 4,935,476 # 3.500%, 12/05/26............................. 1,977 1,889,655 Anthem, Inc. 3.125%, 05/15/22............................. 2,177 2,128,506 Anthem, Inc. 4.350%, 08/15/20............................. 1,087 1,114,841 3.500%, 08/15/24............................. 4,986 4,845,485 3.650%, 12/01/27............................. 2,000 1,901,778
90 DFA INVESTMENT GRADE PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Apache Corp. 3.250%, 04/15/22............................. 8,142 $ 8,033,917 Apple, Inc. 2.250%, 02/23/21............................. 4,942 4,858,453 # 2.400%, 05/03/23............................. 23,000 22,085,341 # 3.450%, 05/06/24............................. 19,459 19,470,422 # 2.500%, 02/09/25............................. 4,560 4,279,293 # 3.250%, 02/23/26............................. 19,942 19,412,170 2.450%, 08/04/26............................. 17,090 15,676,999 3.350%, 02/09/27............................. 33,607 32,867,325 3.000%, 06/20/27............................. 11,436 10,863,910 # 3.000%, 11/13/27............................. 26,919 25,429,320 Applied Materials, Inc. 4.300%, 06/15/21............................. 640 661,491 3.300%, 04/01/27............................. 6,750 6,532,210 Archer-Daniels-Midland Co. # 2.500%, 08/11/26............................. 4,942 4,489,394 Arizona Public Service Co. 8.750%, 03/01/19............................. 210 220,470 # 3.150%, 05/15/25............................. 9,580 9,273,910 Arrow Electronics, Inc. # 3.875%, 01/12/28............................. 5,185 4,876,124 Associated Banc-Corp 2.750%, 11/15/19............................. 53 52,566 Assurant, Inc. 4.000%, 03/15/23............................. 6,399 6,380,511 AT&T, Inc. # 3.000%, 02/15/22............................. 6,325 6,220,571 3.800%, 03/15/22............................. 5,056 5,103,494 3.950%, 01/15/25............................. 9,885 9,786,634 3.400%, 05/15/25............................. 23,617 22,441,759 Autodesk, Inc. # 3.125%, 06/15/20............................. 372 370,594 4.375%, 06/15/25............................. 3,015 3,056,472 3.500%, 06/15/27............................. 7,789 7,332,965 Automatic Data Processing, Inc. 3.375%, 09/15/25............................. 12,356 12,257,960 AutoZone, Inc. 2.875%, 01/15/23............................. 11,988 11,564,876 # 3.125%, 07/15/23............................. 1,270 1,236,117 3.250%, 04/15/25............................. 6,203 5,943,628 3.125%, 04/21/26............................. 988 919,069 Avnet, Inc. # 4.625%, 04/15/26............................. 5,560 5,482,958 Baker Hughes a GE Co. LLC 3.200%, 08/15/21............................. 183 183,317 Baltimore Gas & Electric Co. 2.800%, 08/15/22............................. 3,218 3,143,214 2.400%, 08/15/26............................. 692 627,614 Bank of America Corp. 4.000%, 04/01/24............................. 6,120 6,202,089 # 3.875%, 08/01/25............................. 2,350 2,327,401
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Bank of America Corp. Floating Rate Note (r)## 3.419%, 12/20/28............................. 15,341 $14,388,113 Bank of New York Mellon Corp. (The) 5.450%, 05/15/19............................. 386 397,134 3.650%, 02/04/24............................. 10,524 10,567,445 3.000%, 02/24/25............................. 2,560 2,448,655 2.800%, 05/04/26............................. 6,436 6,019,493 Baxter International, Inc. 1.700%, 08/15/21............................. 890 844,296 2.600%, 08/15/26............................. 4,201 3,781,492 Bed Bath & Beyond, Inc. # 3.749%, 08/01/24............................. 527 450,008 Bemis Co., Inc. 4.500%, 10/15/21............................. 640 661,138 Berkshire Hathaway Energy Co. 2.400%, 02/01/20............................. 316 313,404 Berkshire Hathaway Finance Corp. 1.300%, 05/15/18............................. 155 154,946 3.000%, 05/15/22............................. 976 971,349 Berkshire Hathaway, Inc. # 2.200%, 03/15/21............................. 1,924 1,890,065 # 3.750%, 08/15/21............................. 2,560 2,620,650 3.400%, 01/31/22............................. 3,200 3,245,083 3.000%, 02/11/23............................. 3,491 3,471,915 # 3.125%, 03/15/26............................. 33,128 31,885,968 Biogen, Inc. 2.900%, 09/15/20............................. 14,678 14,607,597 # 4.050%, 09/15/25............................. 7,000 7,010,729 BlackRock, Inc. 4.250%, 05/24/21............................. 1,977 2,046,272 3.200%, 03/15/27............................. 24,563 23,586,397 Boeing Co. (The) 8.750%, 08/15/21............................. 977 1,151,039 2.500%, 03/01/25............................. 6,399 5,988,583 2.600%, 10/30/25............................. 3,568 3,356,683 Booking Holdings, Inc. 3.600%, 06/01/26............................. 10,484 10,152,716 Boston Scientific Corp. 4.125%, 10/01/23............................. 1,472 1,495,863 Bristol-Myers Squibb Co. # 2.000%, 08/01/22............................. 4,244 4,053,870 Brown & Brown, Inc. 4.200%, 09/15/24............................. 4,660 4,702,672 Buckeye Partners L.P. # 4.150%, 07/01/23............................. 1,920 1,915,002 3.950%, 12/01/26............................. 7,413 6,973,193 Bunge, Ltd. Finance Corp. 3.750%, 09/25/27............................. 4,400 4,165,084 Burlington Northern Santa Fe LLC # 3.000%, 04/01/25............................. 4,279 4,133,509 7.000%, 12/15/25............................. 858 1,040,022
91 DFA INVESTMENT GRADE PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) CA, Inc. # 4.700%, 03/15/27............................. 17,502 $17,601,304 Campbell Soup Co. 4.250%, 04/15/21............................. 1,024 1,051,688 2.500%, 08/02/22............................. 1,939 1,849,980 3.300%, 03/19/25............................. 4,045 3,865,618 # 4.150%, 03/15/28............................. 9,628 9,329,333 Capital One Bank USA NA 2.300%, 06/05/19............................. 529 524,938 Capital One Financial Corp. 4.750%, 07/15/21............................. 1,956 2,032,030 3.750%, 04/24/24............................. 4,607 4,524,104 3.750%, 03/09/27............................. 5,000 4,741,208 Cardinal Health, Inc. 4.625%, 12/15/20............................. 640 659,204 3.200%, 06/15/22............................. 3,840 3,770,138 # 3.410%, 06/15/27............................. 10,718 9,953,191 Caterpillar, Inc. 2.600%, 06/26/22............................. 2,531 2,466,941 # 3.400%, 05/15/24............................. 1,823 1,815,685 CBS Corp. # 3.375%, 03/01/22............................. 2,276 2,254,470 # 3.500%, 01/15/25............................. 2,364 2,271,880 2.900%, 01/15/27............................. 26,061 23,296,449 7.875%, 07/30/30............................. 1,137 1,425,967 Celgene Corp. 4.000%, 08/15/23............................. 8,237 8,292,176 3.625%, 05/15/24............................. 4,433 4,333,089 CenterPoint Energy Resources Corp. 4.500%, 01/15/21............................. 1,549 1,589,702 4.000%, 04/01/28............................. 4,800 4,750,407 Charles Schwab Corp. (The) 3.000%, 03/10/25............................. 12,777 12,262,036 Chevron Corp. # 3.191%, 06/24/23............................. 15,766 15,665,213 2.954%, 05/16/26............................. 11,356 10,848,322 Cigna Corp. 4.000%, 02/15/22............................. 743 753,768 Cincinnati Financial Corp. 6.920%, 05/15/28............................. 4,000 4,920,437 Cisco Systems, Inc. # 3.625%, 03/04/24............................. 1,920 1,949,206 Citigroup, Inc. 4.500%, 01/14/22............................. 1,472 1,524,700 3.875%, 10/25/23............................. 2,843 2,854,351 3.750%, 06/16/24............................. 2,560 2,543,553 # 3.300%, 04/27/25............................. 7,679 7,353,776 Clorox Co. (The) 3.500%, 12/15/24............................. 3,200 3,191,459 CME Group, Inc. # 3.000%, 03/15/25............................. 2,833 2,731,993 CMS Energy Corp. 3.875%, 03/01/24............................. 1,725 1,727,795 3.600%, 11/15/25............................. 3,163 3,089,650 3.000%, 05/15/26............................. 4,942 4,639,153
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) CNA Financial Corp. # 4.500%, 03/01/26............................. 6,457 $ 6,613,314 Coca-Cola Co. (The) # 1.875%, 10/27/20............................. 18,435 18,017,617 # 3.300%, 09/01/21............................. 1,696 1,715,124 # 3.200%, 11/01/23............................. 21,537 21,478,487 2.250%, 09/01/26............................. 12,603 11,405,032 # 2.900%, 05/25/27............................. 23,535 22,334,593 Colgate-Palmolive Co. # 1.950%, 02/01/23............................. 6,926 6,574,245 Comcast Cable Communications Holdings, Inc. 9.455%, 11/15/22............................. 2,956 3,698,509 Comcast Corp. 3.600%, 03/01/24............................. 4,324 4,308,428 # 3.375%, 08/15/25............................. 4,217 4,094,260 3.150%, 03/01/26............................. 8,698 8,274,483 Conagra Brands, Inc. 3.200%, 01/25/23............................. 4,643 4,555,739 ConocoPhillips Co. 2.400%, 12/15/22............................. 1,920 1,833,259 3.350%, 11/15/24............................. 4,480 4,393,222 4.950%, 03/15/26............................. 14,827 15,966,216 Consolidated Edison Co. of New York, Inc. 3.300%, 12/01/24............................. 1,280 1,255,449 Corning, Inc. 3.700%, 11/15/23............................. 2,710 2,690,525 Costco Wholesale Corp. 3.000%, 05/18/27............................. 19,000 18,064,819 Cox Communications, Inc. ## 3.250%, 12/15/22............................. 2,224 2,168,292 ## # 3.850%, 02/01/25............................. 6,790 6,713,700 CSX Corp. 4.250%, 06/01/21............................. 748 768,653 CVS Health Corp. # 2.800%, 07/20/20............................. 1,913 1,901,205 # 2.125%, 06/01/21............................. 1,285 1,239,784 3.375%, 08/12/24............................. 14,857 14,342,180 3.875%, 07/20/25............................. 8,894 8,745,178 Danaher Corp. 3.350%, 09/15/25............................. 1,483 1,468,626 Deere & Co. # 5.375%, 10/16/29............................. 467 531,769 Discovery Communications LLC ## 2.800%, 06/15/20............................. 544 537,695 3.300%, 05/15/22............................. 1,408 1,385,943 ## 3.500%, 06/15/22............................. 7,694 7,609,881 3.250%, 04/01/23............................. 640 619,433 ## 3.900%, 11/15/24............................. 5,376 5,254,931 3.450%, 03/15/25............................. 5,671 5,413,662 Dollar General Corp. # 3.250%, 04/15/23............................. 6,733 6,607,059 4.150%, 11/01/25............................. 1,104 1,114,428
92 DFA INVESTMENT GRADE PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Dominion Energy Gas Holdings LLC # 2.800%, 11/15/20............................. 7,166 $ 7,094,756 3.600%, 12/15/24............................. 3,200 3,145,261 Dominion Energy, Inc. 3.625%, 12/01/24............................. 1,280 1,258,786 3.900%, 10/01/25............................. 10,013 9,896,322 Dow Chemical Co. (The) 3.000%, 11/15/22............................. 2,694 2,623,247 3.500%, 10/01/24............................. 7,452 7,283,137 Dr Pepper Snapple Group, Inc. 3.400%, 11/15/25............................. 5,885 5,547,120 Dr. Pepper Snapple Group, Inc. 2.000%, 01/15/20............................. 88 86,356 DTE Energy Co. 2.400%, 12/01/19............................. 2,145 2,115,738 3.850%, 12/01/23............................. 960 964,877 2.850%, 10/01/26............................. 1,000 908,012 Duke Energy Corp. 3.050%, 08/15/22............................. 11,244 11,029,475 # 3.750%, 04/15/24............................. 5,705 5,686,031 DXC Technology Co. 4.450%, 09/18/22............................. 3,200 3,259,787 Eastman Chemical Co. # 2.700%, 01/15/20............................. 439 436,392 4.500%, 01/15/21............................. 88 90,425 3.600%, 08/15/22............................. 297 296,461 3.800%, 03/15/25............................. 9,527 9,532,394 Eaton Corp. 4.000%, 11/02/32............................. 2,600 2,550,044 Eaton Vance Corp. 3.500%, 04/06/27............................. 8,762 8,532,079 eBay, Inc. # 3.800%, 03/09/22............................. 7,413 7,494,157 2.600%, 07/15/22............................. 2,688 2,587,705 # 3.600%, 06/05/27............................. 13,375 12,671,454 Ecolab, Inc. 4.350%, 12/08/21............................. 1,072 1,112,139 # 2.700%, 11/01/26............................. 4,448 4,101,927 EI du Pont de Nemours & Co. 4.625%, 01/15/20............................. 150 154,297 Electronic Arts, Inc. 4.800%, 03/01/26............................. $ 15,000 15,778,080 Emerson Electric Co. 3.150%, 06/01/25............................. 5,312 5,195,605 Energy Transfer Partners L.P. # 4.750%, 01/15/26............................. 5,733 5,720,741 Enterprise Products Operating LLC 5.200%, 09/01/20............................. 480 501,252 3.900%, 02/15/24............................. 2,080 2,088,887 # 3.750%, 02/15/25............................. 1,977 1,960,250 3.700%, 02/15/26............................. 5,276 5,159,687
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) EOG Resources, Inc. 4.100%, 02/01/21............................. 1,722 $ 1,755,458 # 2.625%, 03/15/23............................. 3,756 3,588,214 3.150%, 04/01/25............................. 6,718 6,447,401 EQT Corp. 3.900%, 10/01/27............................. 14,255 13,561,402 ERAC USA Finance LLC ## # 3.850%, 11/15/24............................. 6,590 6,568,532 Eversource Energy 2.500%, 03/15/21............................. 494 484,523 2.800%, 05/01/23............................. 4,743 4,560,980 Exelon Corp. 2.450%, 04/15/21............................. 370 358,874 3.950%, 06/15/25............................. 2,323 2,304,042 # 3.400%, 04/15/26............................. 20,540 19,626,377 Exelon Generation Co. LLC 2.950%, 01/15/20............................. 326 324,818 Express Scripts Holding Co. 3.900%, 02/15/22............................. 4,767 4,784,781 3.500%, 06/15/24............................. 8,342 7,988,888 # 3.400%, 03/01/27............................. 14,920 13,729,150 Exxon Mobil Corp. # 3.176%, 03/15/24............................. 32,923 32,802,794 3.043%, 03/01/26............................. 4,942 4,778,490 FedEx Corp. # 2.625%, 08/01/22............................. 4,357 4,229,374 # 4.000%, 01/15/24............................. 8,491 8,689,565 3.200%, 02/01/25............................. 3,744 3,610,639 3.400%, 02/15/28............................. 5,250 5,023,109 Fidelity National Information Services, Inc. 2.250%, 08/15/21............................. 3,855 3,716,644 5.000%, 10/15/25............................. 4,265 4,499,373 Fifth Third Bancorp 3.500%, 03/15/22............................. 56 55,952 # 3.950%, 03/14/28............................. 21,032 20,810,967 Ford Motor Credit Co. LLC 2.459%, 03/27/20............................. 635 625,461 3.200%, 01/15/21............................. 1,200 1,189,139 # 3.219%, 01/09/22............................. 8,750 8,570,627 # 4.375%, 08/06/23............................. 8,417 8,476,559 3.664%, 09/08/24............................. 4,875 4,673,390 GATX Corp. 3.250%, 03/30/25............................. 5,120 4,816,070 # 3.250%, 09/15/26............................. 6,368 5,887,607 General Dynamics Corp. # 2.250%, 11/15/22............................. 4,800 4,586,426 2.125%, 08/15/26............................. 7,339 6,526,417 General Electric Co. 0.375%, 05/17/22............................. EUR 11,546 13,860,125 # 3.375%, 03/11/24............................. 3,200 3,119,247 6.750%, 03/15/32............................. 26,911 32,998,056 General Mills, Inc. # 3.150%, 12/15/21............................. 748 741,369 # 4.200%, 04/17/28............................. 8,600 8,466,190
93 DFA INVESTMENT GRADE PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) General Motors Co. # 4.200%, 10/01/27............................. 2,000 $ 1,913,995 General Motors Financial Co., Inc. # 5.250%, 03/01/26............................. 17,826 18,531,856 # 4.350%, 01/17/27............................. 4,942 4,809,643 Georgia Power Co. 2.850%, 05/15/22............................. 1,830 1,787,688 3.250%, 04/01/26............................. 3,000 2,867,842 3.250%, 03/30/27............................. 14,966 14,228,822 Georgia-Pacific LLC 7.750%, 11/15/29............................. 1,000 1,338,292 Gilead Sciences, Inc. 2.050%, 04/01/19............................. 175 174,154 # 4.400%, 12/01/21............................. 1,414 1,467,547 # 3.700%, 04/01/24............................. 10,612 10,694,432 3.650%, 03/01/26............................. 8,806 8,700,761 Goldman Sachs Group, Inc. (The) 6.000%, 06/15/20............................. 42 44,411 5.250%, 07/27/21............................. 2,240 2,368,067 4.000%, 03/03/24............................. 21,404 21,475,075 # 3.750%, 05/22/25............................. 7,413 7,240,463 3.750%, 02/25/26............................. 2,000 1,936,195 Great Plains Energy, Inc. 4.850%, 06/01/21............................. 2,466 2,542,795 Halliburton Co. 3.500%, 08/01/23............................. 6,399 6,370,377 # 3.800%, 11/15/25............................. 2,441 2,422,086 Harley-Davidson, Inc. 3.500%, 07/28/25............................. 5,593 5,433,274 Harris Corp. 2.700%, 04/27/20............................. 497 492,819 Hartford Financial Services Group, Inc. (The) 5.125%, 04/15/22............................. 6,737 7,137,392 Hasbro, Inc. 3.500%, 09/15/27............................. 3,300 3,037,392 Hewlett Packard Enterprise Co. # 4.900%, 10/15/25............................. 2,965 3,046,280 Home Depot, Inc. (The) # 2.700%, 04/01/23............................. 1,280 1,247,616 3.350%, 09/15/25............................. 3,642 3,589,625 Honeywell International, Inc. # 2.500%, 11/01/26............................. 9,698 8,870,768 Hormel Foods Corp. 4.125%, 04/15/21............................. 1,479 1,519,280 Humana, Inc. 3.850%, 10/01/24............................. 7,825 7,823,215 Huntington Bancshares, Inc. 3.150%, 03/14/21............................. 1,582 1,575,000 2.300%, 01/14/22............................. 3,292 3,163,645
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Hyatt Hotels Corp. 3.375%, 07/15/23............................. 1,936 $ 1,901,079 Illinois Tool Works, Inc. 1.950%, 03/01/19............................. 310 308,588 3.500%, 03/01/24............................. 6,399 6,451,131 Indiana Michigan Power Co. 7.000%, 03/15/19............................. 261 270,178 Intel Corp. # 2.700%, 12/15/22............................. 931 911,978 # 3.150%, 05/11/27............................. 2,500 2,408,357 4.000%, 12/15/32............................. 3,200 3,264,298 International Business Machines Corp. 2.250%, 02/19/21............................. 19,769 19,424,850 3.375%, 08/01/23............................. 4,409 4,394,362 # 3.625%, 02/12/24............................. 9,600 9,617,760 # 3.300%, 01/27/27............................. 26,154 25,397,003 International Paper Co. 3.650%, 06/15/24............................. 7,850 7,722,449 3.800%, 01/15/26............................. 3,050 2,970,304 Interpublic Group of Cos., Inc. (The) 4.200%, 04/15/24............................. 3,903 3,924,980 ITC Holdings Corp. 3.650%, 06/15/24............................. 9,714 9,577,887 Janus Capital Group, Inc. 4.875%, 08/01/25............................. 9,046 9,367,519 Jefferies Group LLC / Jefferies Group Capital Finance, Inc. 4.850%, 01/15/27............................. 4,843 4,829,531 JM Smucker Co. (The) 3.500%, 03/15/25............................. 6,042 5,866,788 John Deere Capital Corp. 2.550%, 01/08/21............................. 9,591 9,438,390 3.350%, 06/12/24............................. 6,195 6,126,596 Johnson & Johnson 1.650%, 03/01/21............................. 1,483 1,440,166 3.375%, 12/05/23............................. 6,399 6,462,271 2.450%, 03/01/26............................. 3,212 2,981,823 JPMorgan Chase & Co. 4.350%, 08/15/21............................. 1,986 2,052,030 # 3.625%, 05/13/24............................. 12,131 12,039,788 3.900%, 07/15/25............................. 13,351 13,267,595 Juniper Networks, Inc. 4.600%, 03/15/21............................. 2,560 2,614,925 4.500%, 03/15/24............................. 4,224 4,292,122 Kellogg Co. 3.250%, 04/01/26............................. 13,739 12,948,315 # 3.400%, 11/15/27............................. 14,600 13,701,952 7.450%, 04/01/31............................. 5,259 6,676,437 KeyBank NA 2.500%, 12/15/19............................. 153 151,980 KeyCorp 2.900%, 09/15/20............................. 1,449 1,438,713 # 5.100%, 03/24/21............................. 1,395 1,463,581
94 DFA INVESTMENT GRADE PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Kimberly-Clark Corp. 1.900%, 05/22/19............................. 491 $ 487,890 2.400%, 06/01/23............................. 1,920 1,843,253 Kohl's Corp. 4.750%, 12/15/23............................. 1,417 1,459,453 Kraft Heinz Foods Co. 3.500%, 06/06/22............................. 9,148 9,099,950 3.950%, 07/15/25............................. 11,515 11,325,492 Kroger Co. (The) # 3.850%, 08/01/23............................. 3,341 3,344,723 7.500%, 04/01/31............................. 7,660 9,554,858 L3 Technologies, Inc. 4.750%, 07/15/20............................. 544 562,543 3.950%, 05/28/24............................. 2,469 2,459,113 Laboratory Corp. of America Holdings 4.000%, 11/01/23............................. 3,840 3,875,760 3.600%, 09/01/27............................. 2,500 2,385,816 Lam Research Corp. 3.800%, 03/15/25............................. 4,094 4,062,775 Legg Mason, Inc. 3.950%, 07/15/24............................. 4,736 4,678,032 4.750%, 03/15/26............................. 2,007 2,066,683 Liberty Mutual Group, Inc. ## 5.000%, 06/01/21............................. 6,665 6,930,222 Lincoln National Corp. 6.250%, 02/15/20............................. 117 123,023 Lockheed Martin Corp. 2.900%, 03/01/25............................. 4,480 4,250,942 3.550%, 01/15/26............................. 4,800 4,726,020 Loews Corp. 2.625%, 05/15/23............................. 3,761 3,604,653 # 3.750%, 04/01/26............................. 10,670 10,584,963 Lowe's Cos., Inc. 3.120%, 04/15/22............................. 292 $ 292,354 # 3.375%, 09/15/25............................. 5,183 5,093,031 Magellan Midstream Partners L.P. 4.250%, 02/01/21............................. 1,516 1,545,441 Manufacturers & Traders Trust Co. 2.100%, 02/06/20............................. 893 878,363 2.900%, 02/06/25............................. 8,028 7,674,589 Marathon Petroleum Corp. 3.625%, 09/15/24............................. 8,191 8,043,746 Marriott International, Inc. # 2.875%, 03/01/21............................. 1,009 998,831 4.000%, 04/15/28............................. 7,900 7,719,501 Marsh & McLennan Cos., Inc. 2.350%, 09/10/19............................. 523 518,624 3.500%, 06/03/24............................. 8,320 8,192,155 MasterCard, Inc. # 3.375%, 04/01/24............................. 1,787 1,789,189 Mastercard, Inc. # 2.950%, 11/21/26............................. 2,700 2,582,133
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Maxim Integrated Products, Inc. 3.450%, 06/15/27............................. 5,931 $ 5,683,399 McDonald's Corp. # 2.200%, 05/26/20............................. 802 790,997 # 3.500%, 07/15/20............................. 4,915 4,970,938 # 2.625%, 01/15/22............................. 1,856 1,822,006 McKesson Corp. 3.796%, 03/15/24............................. 4,348 4,315,823 Mead Johnson Nutrition Co. 4.125%, 11/15/25............................. 5,931 6,024,116 Merck & Co., Inc. 2.800%, 05/18/23............................. 13,759 13,434,869 # 2.750%, 02/10/25............................. 11,609 11,091,974 MetLife, Inc. 3.600%, 04/10/24............................. 16,140 16,141,155 Microsoft Corp. 1.625%, 12/06/18............................. 962 958,329 1.850%, 02/12/20............................. 122 120,347 # 3.000%, 10/01/20............................. 1,033 1,041,364 # 2.000%, 11/03/20............................. 8,600 8,453,937 # 3.625%, 12/15/23............................. 9,289 9,460,751 2.700%, 02/12/25............................. 1,920 1,837,290 3.125%, 11/03/25............................. 3,109 3,032,942 2.400%, 08/08/26............................. 29,634 27,211,076 3.300%, 02/06/27............................. 24,692 24,157,063 Mobil Corp. 8.625%, 08/15/21............................. 1,288 1,513,005 Molson Coors Brewing Co. # 3.500%, 05/01/22............................. 2,787 2,774,130 3.000%, 07/15/26............................. 15,466 14,158,447 Monsanto Co. 1.850%, 11/15/18............................. 2,925 2,912,063 2.125%, 07/15/19............................. 261 258,646 5.500%, 08/15/25............................. 2,240 2,422,202 Morgan Stanley 7.300%, 05/13/19............................. 235 245,627 # 2.500%, 04/21/21............................. 2,471 2,414,063 5.500%, 07/28/21............................. 865 919,064 3.875%, 04/29/24............................. 11,982 11,991,850 3.875%, 01/27/26............................. 16,453 16,200,431 3.625%, 01/20/27............................. 1,500 1,445,159 Mosaic Co. (The) 4.250%, 11/15/23............................. 3,965 3,971,566 4.050%, 11/15/27............................. 6,000 5,665,189 Motorola Solutions, Inc. 3.750%, 05/15/22............................. 3,200 3,181,737 3.500%, 03/01/23............................. 3,200 3,130,789 MPLX L.P. 4.125%, 03/01/27............................. 6,448 6,284,876 Nasdaq, Inc. # 4.250%, 06/01/24............................. 2,816 2,838,894 National Oilwell Varco, Inc. 2.600%, 12/01/22............................. 8,023 7,643,799
95 DFA INVESTMENT GRADE PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) National Rural Utilities Cooperative Finance Corp. 8.000%, 03/01/32............................. 2,708 $ 3,766,758 NetApp, Inc. 3.250%, 12/15/22............................. 1,088 1,062,657 Newell Brands, Inc. 4.000%, 06/15/22............................. 6,483 6,457,375 NextEra Energy Capital Holdings, Inc. 4.500%, 06/01/21............................. 828 852,872 # 3.550%, 05/01/27............................. 20,641 19,809,620 NIKE, Inc. # 2.375%, 11/01/26............................. 28,083 25,630,920 NiSource, Inc. 3.850%, 02/15/23............................. 2,335 2,349,843 Noble Energy, Inc. 4.150%, 12/15/21............................. 1,717 1,745,184 3.900%, 11/15/24............................. 1,556 1,544,788 3.850%, 01/15/28............................. 1,000 962,955 Nordstrom, Inc. 4.750%, 05/01/20............................. 1,337 1,374,958 # 4.000%, 10/15/21............................. 960 971,518 # 4.000%, 03/15/27............................. 12,652 12,132,297 Norfolk Southern Corp. 2.903%, 02/15/23............................. 4,480 4,367,904 Northern Trust Corp. 3.375%, 08/23/21............................. 1,920 1,939,655 Northrop Grumman Corp. 3.250%, 08/01/23............................. 988 973,991 Nuveen Finance LLC ## 4.125%, 11/01/24............................. 2,748 2,755,416 O'Reilly Automotive, Inc. 3.800%, 09/01/22............................. 722 732,866 # 3.600%, 09/01/27............................. 18,580 17,627,489 Occidental Petroleum Corp. 2.700%, 02/15/23............................. 420 407,598 # 3.400%, 04/15/26............................. 7,291 7,125,639 3.000%, 02/15/27............................. 7,118 6,740,829 Ohio Power Co. 5.375%, 10/01/21............................. 2,308 2,459,028 Omnicom Group, Inc. / Omnicom Capital, Inc. 3.650%, 11/01/24............................. 3,257 3,192,099 ONE Gas, Inc. 2.070%, 02/01/19............................. 491 489,202 ONEOK, Inc. # 4.000%, 07/13/27............................. 6,623 6,429,276 Oracle Corp. 2.950%, 05/15/25............................. 27,858 26,681,325 2.650%, 07/15/26............................. 39,785 36,804,783 3.250%, 11/15/27............................. 26,794 25,711,572 Pacific Gas & Electric Co. 3.850%, 11/15/23............................. 3,200 3,198,716 3.750%, 02/15/24............................. 6,502 6,430,021 3.500%, 06/15/25............................. 4,288 4,126,596 2.950%, 03/01/26............................. 2,000 1,842,156
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Packaging Corp. of America # 4.500%, 11/01/23............................. 3,888 $ 3,997,724 Parker-Hannifin Corp. 3.300%, 11/21/24............................. 6,093 6,027,081 Penske Truck Leasing Co. L.P. / PTL Finance Corp. ## 3.400%, 11/15/26............................. 1,000 937,426 PepsiCo, Inc. # 2.150%, 10/14/20............................. 6,428 6,327,027 2.750%, 03/05/22............................. 2,810 2,774,427 # 2.750%, 03/01/23............................. 4,480 4,387,979 3.500%, 07/17/25............................. 13,489 13,439,453 Pfizer, Inc. 3.000%, 06/15/23............................. 1,920 1,912,354 # 3.400%, 05/15/24............................. 6,399 6,373,534 # 3.000%, 12/15/26............................. 42,108 40,287,081 Philip Morris International, Inc. # 3.250%, 11/10/24............................. 7,098 6,888,614 Phillips 66 4.300%, 04/01/22............................. 4,235 4,382,384 Phillips 66 Partners L.P. # 3.550%, 10/01/26............................. 21,603 20,371,204 PNC Bank NA 3.300%, 10/30/24............................. 3,788 3,702,008 2.950%, 02/23/25............................. 8,093 7,700,166 # 3.250%, 06/01/25............................. 8,000 7,737,913 PNC Financial Services Group, Inc. (The) 4.375%, 08/11/20............................. 267 273,872 # 3.300%, 03/08/22............................. 795 791,696 PPG Industries, Inc. 3.750%, 03/15/28............................. 3,357 3,324,871 PPL Capital Funding, Inc. 3.400%, 06/01/23............................. 4,857 4,767,748 3.100%, 05/15/26............................. 9,200 8,556,729 Praxair, Inc. 2.200%, 08/15/22............................. 800 766,569 Precision Castparts Corp. 2.500%, 01/15/23............................. 7,769 7,507,483 3.250%, 06/15/25............................. 30,987 30,284,112 Principal Financial Group, Inc. 3.125%, 05/15/23............................. 4,444 4,338,475 3.400%, 05/15/25............................. 5,700 5,532,931 3.100%, 11/15/26............................. 4,547 4,259,808 Private Export Funding Corp. # 4.300%, 12/15/21............................. 900 943,537 Procter & Gamble Co. (The) 1.850%, 02/02/21............................. 1,515 1,474,708 2.450%, 11/03/26............................. 1,077 992,503 # 2.850%, 08/11/27............................. 12,850 12,114,376
96 DFA INVESTMENT GRADE PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Progress Energy, Inc. 4.875%, 12/01/19............................. 547 $ 560,267 4.400%, 01/15/21............................. 1,225 1,253,982 7.750%, 03/01/31............................. 2,500 3,349,171 Progressive Corp. (The) 3.750%, 08/23/21 4,352 4,427,141 Prudential Financial, Inc. # 4.500%, 11/15/20............................. 357 368,607 # 3.500%, 05/15/24............................. 9,600 9,564,395 PSEG Power LLC 2.450%, 11/15/18............................. 523 521,860 5.125%, 04/15/20............................. 2,243 2,320,814 4.300%, 11/15/23............................. 5,815 5,912,423 Puget Energy, Inc. 6.000%, 09/01/21............................. 7,900 8,475,578 QUALCOMM, Inc. 2.250%, 05/20/20............................. 537 528,468 # 3.450%, 05/20/25............................. 11,243 10,759,019 Quest Diagnostics, Inc. 3.500%, 03/30/25............................. 384 373,686 Raytheon Co. # 3.125%, 10/15/20............................. 4,003 4,020,183 2.500%, 12/15/22............................. 383 370,827 Reinsurance Group of America, Inc. 5.000%, 06/01/21............................. 960 998,202 4.700%, 09/15/23............................. 3,840 3,950,771 3.950%, 09/15/26............................. 9,489 9,313,657 Republic Services, Inc. 5.500%, 09/15/19............................. 129 133,484 3.550%, 06/01/22............................. 4,488 4,490,423 Reynolds American, Inc. 6.875%, 05/01/20............................. 4,048 4,325,325 Rockwell Automation, Inc. 2.875%, 03/01/25............................. 5,738 5,463,445 Roper Technologies, Inc. 3.000%, 12/15/20............................. 1,285 1,277,479 Ryder System, Inc. # 2.450%, 09/03/19............................. 120 119,180 Santander Holdings USA, Inc. 4.400%, 07/13/27............................. 2,000 1,957,264 Sempra Energy 2.850%, 11/15/20............................. 5,338 5,274,607 4.050%, 12/01/23............................. 4,205 4,276,409 3.550%, 06/15/24............................. 6,528 6,423,202 Sherwin-Williams Co. (The) # 3.450%, 08/01/25............................. 6,794 6,585,396 Southern Co. (The) 3.250%, 07/01/26............................. 7,804 7,325,147 Southern Power Co. 4.150%, 12/01/25............................. 1,433 1,448,194 Southwest Airlines Co. 2.650%, 11/05/20............................. 5,140 5,075,318 3.000%, 11/15/26............................. 9,166 8,595,875
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Southwest Gas Corp. 3.700%, 04/01/28............................. 2,900 $ 2,878,685 Spectra Energy Partners L.P. 4.750%, 03/15/24............................. 1,915 1,963,677 StanCorp Financial Group, Inc. 5.000%, 08/15/22............................. 3,200 3,348,665 Starbucks Corp. 3.850%, 10/01/23............................. 1,231 1,261,118 State Street Corp. 4.375%, 03/07/21............................. 2,096 2,174,432 1.950%, 05/19/21............................. 2,356 2,280,514 3.300%, 12/16/24............................. 13,947 13,714,709 3.550%, 08/18/25............................. 8,254 8,202,484 Stryker Corp. 2.625%, 03/15/21............................. 896 883,787 3.375%, 05/15/24............................. 512 504,904 3.375%, 11/01/25............................. 10,289 10,058,362 SunTrust Bank 2.750%, 05/01/23............................. 3,172 3,049,188 SunTrust Banks, Inc. 2.900%, 03/03/21............................. 3,460 3,424,372 Sysco Corp. 2.600%, 10/01/20............................. 2,965 2,931,218 3.300%, 07/15/26............................. 15,704 14,995,256 Tapestry, Inc. 4.250%, 04/01/25............................. 16,805 16,508,382 Target Corp. 2.900%, 01/15/22............................. 3,559 3,544,392 # 2.500%, 04/15/26............................. 4,468 4,076,090 TD Ameritrade Holding Corp. 5.600%, 12/01/19............................. 210 218,419 # 2.950%, 04/01/22............................. 1,785 1,754,013 # 3.625%, 04/01/25............................. 7,358 7,325,403 Texas Instruments, Inc. 2.250%, 05/01/23............................. 657 629,712 Time Warner, Inc. # 4.750%, 03/29/21............................. 1,089 1,131,911 4.000%, 01/15/22............................. 1,152 1,170,386 # 3.550%, 06/01/24............................. 4,480 4,376,924 3.600%, 07/15/25............................. 10,695 10,329,419 3.800%, 02/15/27............................. 5,417 5,236,278 Total System Services, Inc. 4.800%, 04/01/26............................. 5,931 6,162,395 Travelers Cos., Inc. (The) 3.900%, 11/01/20............................. 5,931 6,033,882 Tyson Foods, Inc. 4.500%, 06/15/22............................. 5,527 5,717,079 U.S. Bancorp # 2.350%, 01/29/21............................. 806 791,355 U.S. Bank NA 2.800%, 01/27/25............................. 5,950 5,634,068 Unilever Capital Corp. 2.000%, 07/28/26............................. 1,900 1,677,362
97 DFA INVESTMENT GRADE PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Union Pacific Corp. 2.250%, 02/15/19............................. 332 $ 330,984 2.750%, 04/15/23............................. 640 619,896 3.250%, 01/15/25............................. 9,515 9,325,766 United Parcel Service, Inc. # 3.050%, 11/15/27............................. 1,085 1,030,427 United Technologies Corp. # 3.100%, 06/01/22............................. 158 156,197 7.500%, 09/15/29............................. 615 787,918 UnitedHealth Group, Inc. 2.750%, 02/15/23............................. 8,672 8,420,315 # 2.875%, 03/15/23............................. 5,760 5,619,629 3.750%, 07/15/25............................. 11,730 11,717,458 3.100%, 03/15/26............................. 1,290 1,230,860 Unum Group 4.000%, 03/15/24............................. 5,051 5,064,628 3.875%, 11/05/25............................. 1,977 1,917,407 Valero Energy Corp. 9.375%, 03/15/19............................. 73 77,047 3.400%, 09/15/26............................. 7,918 7,562,148 Verizon Communications, Inc. # 3.500%, 11/01/24............................. 1,186 1,164,648 3.376%, 02/15/25............................. 18,194 17,661,874 # 2.625%, 08/15/26............................. 2,026 1,817,452 4.125%, 03/16/27............................. 2,000 1,995,523 Viacom, Inc. 2.750%, 12/15/19............................. 293 290,261 4.500%, 03/01/21............................. 1,856 1,905,337 4.250%, 09/01/23............................. 640 643,341 # 3.875%, 04/01/24............................. 4,899 4,795,934 Visa, Inc. 3.150%, 12/14/25............................. 14,555 14,179,526 Walgreen Co. 3.100%, 09/15/22............................. 6,807 6,647,830 Walgreens Boots Alliance, Inc. 3.300%, 11/18/21............................. 12,828 12,775,919 3.450%, 06/01/26............................. 2,965 2,778,657 Walmart, Inc. # 2.550%, 04/11/23............................. 6,748 6,544,175 3.300%, 04/22/24............................. 6,704 6,703,838 Walt Disney Co. (The) # 3.150%, 09/17/25............................. 9,588 9,399,666 Waste Management, Inc. 4.600%, 03/01/21............................. 1,831 1,897,153 3.500%, 05/15/24............................. 4,942 4,899,944 3.125%, 03/01/25............................. 3,460 3,317,663 WEC Energy Group, Inc. 2.450%, 06/15/20............................. 1,658 1,634,441 3.550%, 06/15/25............................. 6,271 6,154,687 Wells Fargo & Co. 2.600%, 07/22/20............................. 297 293,884 # 3.500%, 03/08/22............................. 8,768 8,752,865 3.000%, 02/19/25............................. 16,264 15,266,911 3.000%, 04/22/26............................. 2,771 2,556,524
FACE AMOUNT^ VALUE+ ------- ------ (000) UNITED STATES -- (Continued) Western Union Co. (The) 5.253%, 04/01/20............................. 2,283 $ 2,359,058 WestRock MWV LLC 8.200%, 01/15/30............................. 19,367 25,937,709 Whirlpool Corp. 4.700%, 06/01/22............................. 1,920 1,999,055 # 3.700%, 05/01/25............................. 15,463 15,228,805 Williams Partners L.P. 4.000%, 09/15/25............................. 11,614 11,279,004 3.750%, 06/15/27............................. 7,263 6,825,279 Wisconsin Electric Power Co. 3.100%, 06/01/25............................. 3,200 3,092,965 Wm Wrigley Jr Co. ## 2.900%, 10/21/19............................. 174 173,955 Wyndham Worldwide Corp. # 3.900%, 03/01/23............................. 7,541 7,143,866 Xerox Corp. 4.070%, 03/17/22............................. 1,125 1,117,208 # 3.800%, 05/15/24............................. 4,290 4,156,052 Zimmer Biomet Holdings, Inc. 3.550%, 04/01/25............................. 5,634 5,422,226 Zoetis, Inc. 3.000%, 09/12/27............................. 16,275 15,043,222 -------------- TOTAL UNITED STATES.............................. 3,326,212,636 -------------- TOTAL BONDS...................................... 4,585,515,233 -------------- AGENCY OBLIGATIONS -- (17.0%) Federal Farm Credit Bank 5.320%, 09/03/19............................. 6,305 6,542,957 5.150%, 11/15/19............................. 5,233 5,441,802 4.670%, 05/07/20............................. 1,658 1,725,981 5.350%, 08/07/20............................. 1,984 2,102,306 3.650%, 12/21/20............................. 13,026 13,344,733 5.250%, 03/02/21............................. 1,806 1,929,756 5.220%, 02/22/22............................. 1,480 1,607,122 5.210%, 12/19/22............................. 6,276 6,898,868 4.800%, 02/13/23............................. 576 624,080 5.250%, 03/06/23............................. 1,776 1,961,514 5.220%, 05/15/23............................. 14,240 15,753,926 2.630%, 08/03/26............................. 5,760 5,537,376 5.770%, 01/05/27............................. 1,920 2,292,854 Federal Home Loan Bank 1.875%, 03/13/20............................. 37,260 36,819,438 4.125%, 03/13/20............................. 26,560 27,310,054 3.000%, 03/18/20............................. 5,350 5,392,656 # 3.375%, 06/12/20............................. 8,435 8,571,335 2.875%, 09/11/20............................. 4,355 4,373,226 4.625%, 09/11/20............................. 7,590 7,941,516 3.125%, 12/11/20............................. 1,775 1,792,762 5.250%, 12/11/20............................. 2,235 2,383,181 1.750%, 03/12/21............................. 11,970 11,651,011 5.000%, 03/12/21............................. 1,535 1,633,556 2.250%, 06/11/21............................. 20,725 20,364,675
98 DFA INVESTMENT GRADE PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ ------- ------ (000) 3.625%, 06/11/21............................. 2,970 $ 3,050,134 5.625%, 06/11/21............................. 10,945 11,875,489 2.375%, 09/10/21............................. 11,650 11,523,656 # 3.000%, 09/10/21............................. 9,245 9,330,054 2.625%, 12/10/21............................. 31,855 31,676,230 5.000%, 12/10/21............................. 13,470 14,466,430 2.250%, 03/11/22............................. 2,960 2,899,054 2.500%, 03/11/22............................. 3,255 3,222,720 5.250%, 06/10/22............................. 2,440 2,678,056 5.750%, 06/10/22............................. 5,775 6,442,353 # 2.000%, 09/09/22............................. 4,805 4,641,880 5.375%, 09/30/22............................. 18,760 20,745,859 5.250%, 12/09/22............................. 4,440 4,913,184 4.750%, 03/10/23............................. 14,565 15,773,429 3.250%, 06/09/23............................. 10,360 10,538,399 2.500%, 12/08/23............................. 9,885 9,657,704 3.250%, 03/08/24............................. 29,405 29,816,405 2.875%, 06/14/24............................. 4,845 4,819,045 5.375%, 08/15/24............................. 5,490 6,229,327 5.365%, 09/09/24............................. 600 680,329 2.875%, 09/13/24............................. 65,240 64,690,940 2.750%, 12/13/24............................. 75,120 73,809,757 4.375%, 03/13/26............................. 5,950 6,404,794 5.750%, 06/12/26............................. 11,775 13,977,620 Federal Home Loan Mortgage Corp. # 6.750%, 09/15/29............................. 18,505 24,529,932 6.750%, 03/15/31............................. 22,231 30,126,495 6.250%, 07/15/32............................. 20,757 27,533,517 Federal National Mortgage Association 1.500%, 06/22/20............................. 4,496 4,396,234 # 1.250%, 05/06/21............................. 4,942 4,743,228 2.000%, 01/05/22............................. 22,734 22,093,811 # 2.375%, 01/19/23............................. 38,550 37,694,845 2.625%, 09/06/24............................. 151,431 147,987,762 2.125%, 04/24/26............................. 62,470 58,170,003 # 1.875%, 09/24/26............................. 100,229 90,714,963 6.250%, 05/15/29............................. 52,706 67,084,355 7.125%, 01/15/30............................. 6,399 8,756,500 7.250%, 05/15/30............................. 21,301 29,568,919 6.625%, 11/15/30............................. 110,212 147,271,997 Tennessee Valley Authority 3.875%, 02/15/21............................. 31,374 32,361,810 # 1.875%, 08/15/22............................. 37,801 36,355,830 # 2.875%, 09/15/24............................. 55,279 54,692,379 6.750%, 11/01/25............................. 25,327 31,478,650 2.875%, 02/01/27............................. 16,804 16,303,795 7.125%, 05/01/30............................. 42,633 58,508,591 -------------- TOTAL AGENCY OBLIGATIONS......................... 1,488,233,149 -------------- U.S. TREASURY OBLIGATIONS -- (26.2%) U.S. Treasury Bonds 8.125%, 05/15/21............................. 36,590 42,419,638 8.125%, 08/15/21............................. 35,376 41,439,550
FACE AMOUNT^ VALUE+ ------- ------ (000) 7.250%, 08/15/22............................. 28,625 $ 33,858,889 6.250%, 08/15/23............................. 51,143 59,765,741 7.500%, 11/15/24............................. 49,371 63,003,570 6.875%, 08/15/25............................. 39,904 50,337,092 6.000%, 02/15/26............................. 44,152 53,644,073 # 6.750%, 08/15/26............................. 38,863 49,837,371 6.625%, 02/15/27............................. 44,651 57,470,464 6.125%, 11/15/27............................. 29,406 37,164,635 5.250%, 11/15/28............................. 10,442 12,600,678 5.250%, 02/15/29............................. 99,685 120,712,305 6.125%, 08/15/29............................. 25,585 33,325,071 6.250%, 05/15/30............................. 25,710 34,215,656 5.375%, 02/15/31............................. 70,000 87,830,859 U.S. Treasury Notes 2.000%, 09/30/20............................. 41,723 41,162,742 3.625%, 02/15/21............................. 39,044 40,100,728 3.125%, 05/15/21............................. 40,000 40,540,625 1.125%, 07/31/21............................. 24,711 23,520,138 1.250%, 10/31/21............................. 49,423 47,049,834 2.000%, 10/31/21............................. 54,125 52,862,593 1.625%, 08/15/22............................. 88,961 84,912,198 2.125%, 12/31/22............................. 24,711 24,004,711 # 1.500%, 02/28/23............................. 76,308 71,867,013 1.500%, 03/31/23............................. 86,984 81,812,248 1.750%, 05/15/23............................. 68,203 64,830,244 1.250%, 07/31/23............................. 39,538 36,515,505 2.750%, 02/15/24............................. 70,834 70,427,457 2.500%, 05/15/24............................. 86,868 85,069,757 2.250%, 11/15/24............................. 67,709 65,103,694 2.000%, 02/15/25............................. 24,711 23,329,012 2.125%, 05/15/25............................. 108,730 103,254,895 2.000%, 08/15/25............................. 150,000 140,917,968 2.250%, 11/15/25............................. 68,895 65,727,445 1.625%, 02/15/26............................. 64,249 58,404,120 1.625%, 05/15/26............................. 125,533 113,749,751 1.500%, 08/15/26............................. 103,787 92,808,550 2.250%, 11/15/27............................. 84,018 79,138,018 -------------- TOTAL U.S. TREASURY OBLIGATIONS.................... 2,284,734,838 -------------- TOTAL INVESTMENT SECURITIES........................ 8,358,483,220 -------------- SHARES ------ SECURITIES LENDING COLLATERAL -- (4.3%) (S)@ DFA Short Term Investment Fund............... 32,793,645 379,422,475 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $9,024,119,559)............................ $8,737,905,695 ==============
99 DFA INVESTMENT GRADE PORTFOLIO CONTINUED At April 30, 2018, DFA Investment Grade Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying financial statements:
UNREALIZED FOREIGN EXCHANGE SETTLEMENT APPRECIATION CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION) ------------------ --------------- ---------------------------- ------------------ -------------- USD.. 76,928,497 EUR 62,393,359 State Street Bank and Trust 07/06/18 $1,206,627 USD.. 94,407,303 SEK 780,835,912 State Street Bank and Trust 07/09/18 4,764,939 USD.. 24,011,672 CAD 30,216,069 JP Morgan 07/13/18 437,864 ---------- TOTAL APPRECIATION $6,409,430 ==========
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Bonds Australia.............................. -- $ 146,509,826 -- $ 146,509,826 Austria................................ -- 1,939,622 -- 1,939,622 Belgium................................ -- 8,778,808 -- 8,778,808 Canada................................. -- 131,928,280 -- 131,928,280 Denmark................................ -- 33,773,961 -- 33,773,961 France................................. -- 67,439,904 -- 67,439,904 Germany................................ -- 80,801,234 -- 80,801,234 Ireland................................ -- 37,613,556 -- 37,613,556 Italy.................................. -- 21,013,427 -- 21,013,427 Japan.................................. -- 96,993,583 -- 96,993,583 Liberia................................ -- 2,634,113 -- 2,634,113 Netherlands............................ -- 167,502,458 -- 167,502,458 Norway................................. -- 18,491,769 -- 18,491,769 Spain.................................. -- 46,977,679 -- 46,977,679 Supranational Organization Obligations. -- 40,201,460 -- 40,201,460 Sweden................................. -- 102,750,608 -- 102,750,608 Switzerland............................ -- 84,662,763 -- 84,662,763 United Kingdom......................... -- 169,289,546 -- 169,289,546 United States.......................... -- 3,326,212,636 -- 3,326,212,636 Agency Obligations....................... -- 1,488,233,149 -- 1,488,233,149 U.S. Treasury Obligations................ -- 2,284,734,838 -- 2,284,734,838 Securities Lending Collateral............ -- 379,422,475 -- 379,422,475 Forward Currency Contracts**............. -- 6,409,430 -- 6,409,430 -- -------------- -- -------------- TOTAL.................................... -- $8,744,315,125 -- $8,744,315,125 == ============== == ==============
**Valued at the unrealized appreciation/(depreciation) on the investment. See accompanying Notes to Financial Statements. 100 DFA DIVERSIFIED FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ----------- ------------ (000) U.S. TREASURY OBLIGATIONS -- (19.7%) Treasury Inflation Protected Security 0.125%, 04/15/20........................................... $ 22,007 $ 23,198,011 0.125%, 04/15/21........................................... 25,686 26,600,143 0.125%, 01/15/22........................................... 10,500 11,355,108 0.125%, 04/15/22........................................... 14,300 14,334,929 0.125%, 01/15/23........................................... 13,600 14,324,564 0.625%, 01/15/24........................................... 11,900 12,659,850 2.375%, 01/15/25........................................... 23,573 34,539,901 ------------ TOTAL U.S. TREASURY OBLIGATIONS............................. 137,012,506 ------------ SHARES ----------- AFFILIATED INVESTMENT COMPANIES -- (79.9%) Investment in DFA Intermediate Government Fixed Income Portfolio of DFA Investment Dimensions Group Inc......... 29,007,551 347,510,457 Investment in DFA Two-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc................... 20,939,878 207,095,390 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES........ 554,605,847 ------------ TOTAL INVESTMENT SECURITIES................................. 691,618,353 ------------ SHARES VALUE+ ----------- ------------ TEMPORARY CASH INVESTMENTS -- (0.4%) State Street Institutional U.S. Government Money Market Fund, 1.630%............................................... 2,671,144 2,671,144 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $712,007,016)........... $694,289,497 ============
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ------------ ------- ------------ U.S. Treasury Obligations.......... -- $137,012,506 -- $137,012,506 Affiliated Investment Companies.... $554,605,847 -- -- 554,605,847 Temporary Cash Investments......... 2,671,144 -- -- 2,671,144 ------------ ------------ -- ------------ TOTAL.............................. $557,276,991 $137,012,506 -- $694,289,497 ============ ============ == ============
See accompanying Notes to Financial Statements. 101 DFA LTIP PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT^^^ VALUE+ --------- ------------ (000) U.S. TREASURY OBLIGATIONS -- (100.0%) Treasury Inflation Protected Security 0.625%, 02/15/43........................................... $22,942 $ 23,278,952 1.375%, 02/15/44........................................... 16,878 19,920,521 0.750%, 02/15/45........................................... 51,581 52,226,355 1.000%, 02/15/46........................................... 49,140 52,532,261 0.875%, 02/15/47........................................... 25,425 25,866,818 ------------ TOTAL U.S. TREASURY OBLIGATIONS............................. 173,824,907 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $171,923,195)........... $173,824,907 ------------
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ U.S. Treasury Obligations.......... -- $173,824,907 -- $173,824,907 -- ------------ -- ------------ TOTAL.............................. -- $173,824,907 -- $173,824,907 == ============ == ============
See accompanying Notes to Financial Statements. 102 DFA INFLATION-PROTECTED SECURITIES PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT^^^ VALUE+ ----------- -------------- (000) U.S. TREASURY OBLIGATIONS -- (99.7%) Treasury Inflation Protected Security 0.125%, 01/15/23........................................... $ -- $ 122 0.625%, 01/15/24........................................... 137,800 146,598,935 0.125%, 07/15/24........................................... 249,000 252,896,424 0.250%, 01/15/25........................................... 367,000 373,914,478 2.375%, 01/15/25........................................... 199,500 292,309,957 0.375%, 07/15/25........................................... 340,000 349,243,406 0.625%, 01/15/26........................................... 435,000 451,692,126 2.000%, 01/15/26........................................... 188,800 259,431,372 0.125%, 07/15/26........................................... 413,700 409,797,256 0.375%, 01/15/27........................................... 428,000 426,779,450 2.375%, 01/15/27........................................... 160,500 225,211,876 0.375%, 07/15/27........................................... 355,500 350,332,009 1.750%, 01/15/28........................................... 168,700 218,582,925 3.625%, 04/15/28........................................... 124,500 243,416,755 2.500%, 01/15/29........................................... 165,500 225,250,192 3.875%, 04/15/29........................................... 131,745 263,023,895 3.375%, 04/15/32........................................... 54,000 100,814,162 -------------- TOTAL U.S. TREASURY OBLIGATIONS............................. 4,589,295,340 -------------- SHARES ----------- TEMPORARY CASH INVESTMENTS -- (0.3%) State Street Institutional U.S. Government Money Market Fund, 1.630%............................................... 12,606,412 12,606,412 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $4,631,197,702)......... $4,601,901,752 ==============
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- -------------- ------- -------------- U.S. Treasury Obligations.......... -- $4,589,295,340 -- $4,589,295,340 Temporary Cash Investments......... $12,606,412 -- -- 12,606,412 ----------- -------------- -- -------------- TOTAL.............................. $12,606,412 $4,589,295,340 -- $4,601,901,752 =========== ============== == ==============
See accompanying Notes to Financial Statements. 103 DFA SHORT-DURATION REAL RETURN PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT^ VALUE+ - ------- ------ (000) BONDS -- (89.2%) AUSTRALIA -- (6.5%) ANZ New Zealand International, Ltd. 0.400%, 03/01/22............................. EUR 200 $ 241,277 ASB Finance, Ltd. 0.500%, 06/10/22............................. EUR 3,800 4,582,133 Australia & New Zealand Banking Group, Ltd. 1.450%, 05/15/18............................. 358 357,884 2.550%, 11/23/21............................. 2,700 2,625,535 2.625%, 05/19/22............................. 250 242,467 Commonwealth Bank of Australia 2.500%, 09/20/18............................. 916 916,544 2.250%, 03/13/19............................. 5,000 4,983,738 ## 2.750%, 03/10/22............................. 7,974 7,776,239 2.750%, 03/10/22............................. 200 195,040 3.250%, 03/31/22............................. AUD 4,800 3,627,339 0.500%, 07/11/22............................. EUR 2,500 3,025,258 Macquarie Group, Ltd. ## 3.000%, 12/03/18............................. 5,174 5,183,287 National Australia Bank, Ltd. 2.250%, 07/01/19............................. 3,500 3,476,702 2.800%, 01/10/22............................. 15,000 14,702,877 0.875%, 01/20/22............................. EUR 1,700 2,091,457 2.500%, 05/22/22............................. 1,635 1,577,439 0.350%, 09/07/22............................. EUR 1,600 1,921,938 Westpac Banking Corp. # 2.600%, 11/23/20............................. 12,000 11,837,086 2.100%, 05/13/21............................. 461 446,368 # 2.800%, 01/11/22............................. 16,749 16,444,468 0.250%, 01/17/22............................. EUR 450 540,820 ----------- TOTAL AUSTRALIA.................................. 86,795,896 ----------- AUSTRIA -- (0.8%) Oesterreichische Kontrollbank AG # 2.375%, 10/01/21............................. 6,200 6,092,624 Republic of Austria Government Bond ## 0.0%, 09/20/22............................... EUR 4,000 4,845,330 ----------- TOTAL AUSTRIA.................................... 10,937,954 ----------- BELGIUM -- (0.4%) Anheuser-Busch InBev Finance, Inc. 2.625%, 01/17/23............................. 3,000 2,887,407 Dexia Credit Local SA 0.250%, 06/02/22............................. EUR 350 424,448 Solvay Finance America LLC ## 3.400%, 12/03/20............................. 2,000 2,000,854 ----------- TOTAL BELGIUM.................................... 5,312,709 -----------
FACE AMOUNT^ VALUE+ - ------- ------ (000) CANADA -- (9.8%) Bank of Montreal 2.375%, 01/25/19............................. 24 $ 23,978 1.900%, 08/27/21............................. 7,000 6,698,160 Bank of Nova Scotia (The) # 2.350%, 10/21/20............................. 11,405 11,179,029 Canada Housing Trust No. 1 ## 1.750%, 06/15/22............................. CAD 4,000 3,043,140 Canadian Imperial Bank of Commerce 2.550%, 06/16/22............................. 2,500 2,413,429 CPPIB Capital, Inc. ## 2.250%, 01/25/22............................. 2,000 1,946,798 Enbridge, Inc. 2.900%, 07/15/22............................. 2,000 1,930,896 Export Development Canada 1.375%, 10/21/21............................. 5,000 4,753,595 Province of British Columbia Canada 2.650%, 09/22/21............................. 2,000 1,980,118 Province of Manitoba Canada 2.125%, 05/04/22............................. 8,500 8,169,993 Province of Ontario Canada 2.500%, 09/10/21............................. 3,221 3,163,031 2.400%, 02/08/22............................. 6,000 5,844,213 1.350%, 03/08/22............................. CAD 2,400 1,794,537 3.150%, 06/02/22............................. CAD 13,000 10,386,635 Province of Quebec Canada 4.250%, 12/01/21............................. CAD 10,000 8,289,653 2.375%, 01/31/22............................. 6,000 5,848,934 Royal Bank of Canada 1.800%, 07/30/18............................. 980 978,521 # 1.500%, 07/29/19............................. 5,000 4,921,408 2.350%, 10/30/20............................. 6,000 5,890,821 1.583%, 09/13/21............................. CAD 6,000 4,505,456 1.968%, 03/02/22............................. CAD 2,300 1,739,810 2.000%, 03/21/22............................. CAD 11,000 8,324,686 Toronto-Dominion Bank (The) # 2.625%, 09/10/18............................. 715 715,599 2.125%, 07/02/19............................. 7,600 7,551,397 2.250%, 11/05/19............................. 4,979 4,937,522 2.500%, 12/14/20............................. 10,000 9,843,697 1.994%, 03/23/22............................. CAD 3,700 2,803,522 ------------ TOTAL CANADA....................................... 129,678,578 ------------ DENMARK -- (0.2%) Danske Bank A.S. ## # 2.750%, 09/17/20............................. 3,000 2,964,319 ------------
104 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) FINLAND -- (0.1%) Municipality Finance P.L.C. 2.375%, 03/15/22............................. 650 $ 634,849 ----------- FRANCE -- (3.0%) Airgas, Inc. 2.375%, 02/15/20............................. 4,000 3,952,587 BNP Paribas SA # 2.375%, 05/21/20............................. 500 494,595 BPCE SA 2.500%, 07/15/19............................. 1,650 1,639,102 # 2.650%, 02/03/21............................. 1,300 1,276,343 Electricite de France SA ## 2.350%, 10/13/20............................. 1,000 983,236 French Republic Government Bond OAT 3.000%, 04/25/22............................. EUR 2,500 3,400,534 2.250%, 10/25/22............................. EUR 7,000 9,330,470 Pernod Ricard SA ## 5.750%, 04/07/21............................. 5,000 5,329,249 Sanofi 4.000%, 03/29/21............................. 290 297,691 Total Capital Canada, Ltd. 1.125%, 03/18/22............................. EUR 5,000 6,243,031 Total Capital International SA 2.100%, 06/19/19............................. 7,000 6,958,997 ----------- TOTAL FRANCE..................................... 39,905,835 ----------- GERMANY -- (4.7%) Bayer U.S. Finance LLC ## 2.375%, 10/08/19............................. 2,500 2,475,795 Daimler Finance North America LLC ## 2.700%, 08/03/20............................. 3,085 3,048,938 Deutsche Bank AG 2.950%, 08/20/20............................. 1,900 1,869,696 Deutsche Telekom International Finance BV 6.000%, 07/08/19............................. 259 268,455 ## 1.500%, 09/19/19............................. 5,570 5,461,289 FMS Wertmanagement 1.375%, 06/08/21............................. 9,000 8,607,957 Kreditanstalt fuer Wiederaufbau 1.875%, 06/30/20............................. 4,000 3,929,389 2.750%, 09/08/20............................. 2,000 2,000,180 2.900%, 06/06/22............................. AUD 2,000 1,515,562 --%, 12/15/22................................ EUR 20,500 24,704,450 NRW Bank 0.0%, 08/10/22............................... EUR 3,500 4,216,556 Volkswagen Group of America Finance LLC ## 2.400%, 05/22/20............................. 4,000 3,933,838 ----------- TOTAL GERMANY.................................... 62,032,105 -----------
FACE AMOUNT^ VALUE+ - ------- ------ (000) IRELAND -- (0.3%) Allergan Finance LLC 3.250%, 10/01/22............................. 2,300 $ 2,227,478 Allergan Funding SCS 3.450%, 03/15/22............................. 2,000 1,966,053 ----------- TOTAL IRELAND...................................... 4,193,531 ----------- ITALY -- (0.6%) Intesa Sanpaolo SpA ## # 3.125%, 07/14/22............................. 8,000 7,706,960 ----------- JAPAN -- (4.0%) American Honda Finance Corp. 2.450%, 09/24/20............................. 3,000 2,965,345 Beam Suntory, Inc. 1.750%, 06/15/18............................. 1,431 1,429,310 Daiwa Securities Group, Inc. ## 3.129%, 04/19/22............................. 1,770 1,733,142 Development Bank of Japan, Inc. 1.875%, 10/03/18............................. 594 592,313 Mizuho Bank, Ltd. ## 2.700%, 10/20/20............................. 1,000 985,330 MUFG Bank, Ltd. ## 2.300%, 03/05/20............................. 3,900 3,839,214 Nissan Motor Acceptance Corp. ## 2.125%, 03/03/20............................. 2,250 2,212,114 Nomura Holdings, Inc. 2.750%, 03/19/19............................. 1,500 1,499,337 Sumitomo Mitsui Banking Corp. 2.450%, 01/10/19............................. 2,673 2,670,243 2.450%, 01/16/20............................. 2,000 1,977,960 Sumitomo Mitsui Financial Group, Inc. 2.058%, 07/14/21............................. 400 384,378 Toyota Credit Canada, Inc. 2.020%, 02/28/22............................. CAD 6,500 4,919,487 2.350%, 07/18/22............................. CAD 3,000 2,291,281 Toyota Motor Credit Corp. 2.100%, 01/17/19............................. 8,526 8,508,263 4.500%, 06/17/20............................. 1,900 1,963,040 # 1.900%, 04/08/21............................. 10,500 10,185,104 2.600%, 01/11/22............................. 3,000 2,936,354 3.300%, 01/12/22............................. 1,561 1,564,537 ----------- TOTAL JAPAN........................................ 52,656,752 ----------- NETHERLANDS -- (5.8%) Bank Nederlandse Gemeenten NV ## 2.375%, 02/01/22............................. 19,932 19,471,332 2.375%, 02/01/22............................. 12,000 11,722,656 1.000%, 03/15/22............................. GBP 750 1,021,786
105 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) NETHERLANDS -- (Continued) Cooperatieve Rabobank UA 4.500%, 01/11/21............................. 3,000 $ 3,099,632 2.750%, 01/10/22............................. 5,000 4,888,893 4.000%, 01/11/22............................. EUR 2,950 4,052,024 ING Bank NV ## # 2.750%, 03/22/21............................. 3,000 2,958,971 LyondellBasell Industries NV 6.000%, 11/15/21............................. 1,000 1,074,820 Mylan, Inc. 2.550%, 03/28/19............................. 197 196,228 Nederlandse Waterschapsbank NV 1.625%, 03/04/20............................. 3,000 2,941,200 Shell International Finance BV 4.300%, 09/22/19............................. 7 7,162 # 2.125%, 05/11/20............................. 2,200 2,171,646 # 1.875%, 05/10/21............................. 10,000 9,681,538 1.750%, 09/12/21............................. 11,000 10,546,769 1.000%, 04/06/22............................. EUR 2,000 2,484,073 ----------- TOTAL NETHERLANDS.................................. 76,318,730 ----------- NORWAY -- (0.4%) Kommunalbanken A.S. 2.250%, 01/25/22............................. 5,000 4,867,665 Statoil ASA 1.150%, 05/15/18............................. 236 235,910 ----------- TOTAL NORWAY....................................... 5,103,575 ----------- SPAIN -- (0.9%) Santander Holdings USA, Inc. 2.650%, 04/17/20............................. 2,000 1,976,419 Santander UK Group Holdings P.L.C. # 2.875%, 08/05/21............................. 750 733,357 Santander UK P.L.C. 2.500%, 03/14/19............................. 600 598,668 2.375%, 03/16/20............................. 4,600 4,540,274 Telefonica Emisiones SAU 5.134%, 04/27/20............................. 4,250 4,416,046 ----------- TOTAL SPAIN........................................ 12,264,764 ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (4.8%) Asian Development Bank 2.000%, 02/16/22............................. 3,000 2,901,690 European Financial Stability Facility 0.0%, 11/17/22............................... EUR 9,842 11,870,149 European Investment Bank 2.875%, 09/15/20............................. 2,000 2,006,612 1.625%, 12/15/20............................. 3,000 2,915,728
FACE AMOUNT^ VALUE+ - ------- ------ (000) SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (Continued) 2.000%, 03/15/21............................. 7,000 $ 6,849,535 1.375%, 09/15/21............................. 11,500 10,960,845 European Stability Mechanism 0.0%, 10/18/22............................... EUR 13,950 16,824,773 International Bank for Reconstruction & Development 1.625%, 03/09/21............................. 4,000 3,874,616 International Finance Corp. 0.875%, 06/15/18............................. 215 214,727 Nordic Investment Bank 2.125%, 02/01/22............................. 5,000 4,860,179 ----------- TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS..... 63,278,854 ----------- SWEDEN -- (5.4%) Kommuninvest I Sverige AB 2.000%, 11/12/19............................. 4,720 4,675,490 1.000%, 09/15/21............................. SEK 10,000 1,176,731 0.250%, 06/01/22............................. SEK 185,000 21,106,012 Nordea Bank AB ## 2.500%, 09/17/20............................. 4,000 3,938,222 ## 2.250%, 05/27/21............................. 3,800 3,684,900 0.300%, 06/30/22............................. EUR 1,000 1,203,958 Svenska Handelsbanken AB 2.500%, 01/25/19............................. 358 357,606 1.875%, 09/07/21............................. 447 426,717 0.250%, 02/28/22............................. EUR 1,900 2,289,281 Swedbank AB 0.300%, 09/06/22............................. EUR 3,000 3,600,428 Sweden Government Bond 3.500%, 06/01/22............................. SEK 225,500 29,658,517 ----------- TOTAL SWEDEN..................................... 72,117,862 ----------- SWITZERLAND -- (0.1%) Chubb INA Holdings, Inc. 2.300%, 11/03/20............................. 425 417,274 Credit Suisse AG 2.300%, 05/28/19............................. 625 622,265 3.000%, 10/29/21............................. 480 474,982 ----------- TOTAL SWITZERLAND................................ 1,514,521 ----------- UNITED KINGDOM -- (2.5%) Aon Corp. # 5.000%, 09/30/20............................. 2,710 2,816,262 AstraZeneca P.L.C. 2.375%, 11/16/20............................. 5,071 4,986,478
106 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) UNITED KINGDOM -- (Continued) Barclays P.L.C. # 2.750%, 11/08/19............................. 2,000 $ 1,986,234 # 3.250%, 01/12/21............................. 1,500 1,486,445 BAT International Finance P.L.C. ## # 3.250%, 06/07/22............................. 7,900 7,767,634 BP Capital Markets P.L.C. # 4.500%, 10/01/20............................. 3,750 3,881,737 British Telecommunications P.L.C. 2.350%, 02/14/19............................. 700 697,093 HSBC Holdings P.L.C. 4.000%, 03/30/22............................. 700 714,018 HSBC USA, Inc. # 2.375%, 11/13/19............................. 3,281 3,246,455 Lloyds Banking Group P.L.C. 3.100%, 07/06/21............................. 1,156 1,147,338 # 3.000%, 01/11/22............................. 1,000 980,838 Unilever Capital Corp. 4.250%, 02/10/21............................. 1,200 1,239,366 Vodafone Group P.L.C. 2.500%, 09/26/22............................. 2,500 2,382,794 ----------- TOTAL UNITED KINGDOM............................... 33,332,692 ----------- UNITED STATES -- (38.9%) Abbott Laboratories 4.125%, 05/27/20............................. $ 4,000 4,079,662 2.800%, 09/15/20............................. 3,500 3,477,701 AbbVie, Inc. 2.500%, 05/14/20............................. 6,000 5,928,250 # 2.900%, 11/06/22............................. 1,000 973,234 Aetna, Inc. 2.200%, 03/15/19............................. 340 338,198 Aflac, Inc. 2.400%, 03/16/20............................. 315 310,859 Alphabet, Inc. 3.625%, 05/19/21............................. 3,500 3,582,325 Altria Group, Inc. 4.750%, 05/05/21............................. 500 520,850 Amazon.com, Inc. # 2.600%, 12/05/19............................. 2,700 2,698,204 American Express Credit Corp. 2.375%, 05/26/20............................. 800 789,824 American International Group, Inc. # 2.300%, 07/16/19............................. 2,062 2,044,584 3.375%, 08/15/20............................. 3,000 3,003,373 6.400%, 12/15/20............................. 2,475 2,665,637 3.300%, 03/01/21............................. 500 497,992 # 4.875%, 06/01/22............................. 600 627,476 Ameriprise Financial, Inc. 5.300%, 03/15/20............................. 1,000 1,038,360 Amgen, Inc. # 2.200%, 05/22/19............................. 4,311 4,290,264 Amphenol Corp. 2.550%, 01/30/19............................. 3,800 3,795,556
FACE AMOUNT^ VALUE+ - ------- ------ (000) UNITED STATES -- (Continued) Apache Corp. 2.625%, 01/15/23............................. 3,600 $3,420,048 Apple, Inc. 2.250%, 02/23/21............................. 5,000 4,915,472 2.500%, 02/09/22............................. 7,828 7,670,729 2.300%, 05/11/22............................. 7,500 7,265,673 # 2.700%, 05/13/22............................. 4,362 4,292,021 2.100%, 09/12/22............................. 5,000 4,792,350 AT&T, Inc. # 5.800%, 02/15/19............................. 2,444 2,500,198 2.450%, 06/30/20............................. 1,331 1,314,511 4.600%, 02/15/21............................. 1,000 1,030,587 AutoZone, Inc. 3.700%, 04/15/22............................. 750 755,128 Baker Hughes a GE Co. LLC / Baker Hughes Co-Obligor, Inc. 2.773%, 12/15/22............................. 2,000 1,942,352 Bank of America Corp. 2.600%, 01/15/19............................. 730 729,868 2.625%, 10/19/20............................. 2,500 2,470,096 Bank of New York Mellon Corp. (The) 4.600%, 01/15/20............................. 1,200 1,232,872 2.150%, 02/24/20............................. 1,200 1,184,101 BB&T Corp. 6.850%, 04/30/19............................. 2,000 2,082,221 2.050%, 05/10/21............................. 731 706,322 Biogen, Inc. 2.900%, 09/15/20............................. 1,500 1,492,805 3.625%, 09/15/22............................. 2,000 1,999,983 BlackRock, Inc. 5.000%, 12/10/19............................. 1,807 1,869,693 Booking Holdings, Inc. 2.750%, 03/15/23............................. 2,000 1,908,563 Boston Scientific Corp. 6.000%, 01/15/20............................. 500 522,088 Bristol-Myers Squibb Co. # 1.750%, 03/01/19............................. 500 496,729 Buckeye Partners L.P. 2.650%, 11/15/18............................. 261 261,026 Capital One Bank USA NA 2.300%, 06/05/19............................. 2,000 1,984,642 Capital One Financial Corp. 3.200%, 01/30/23............................. 6,000 5,816,054 Cardinal Health, Inc. 4.625%, 12/15/20............................. 1,000 1,030,007 Caterpillar Financial Services Corp. 1.700%, 08/09/21............................. 1,000 955,262 # 2.625%, 03/01/23............................. 500 482,886 CBS Corp. 2.300%, 08/15/19............................. 2,000 1,980,428 Celgene Corp. # 2.750%, 02/15/23............................. 5,500 5,249,879
107 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) UNITED STATES -- (Continued) Charles Schwab Corp. (The) 2.200%, 07/25/18............................. 372 $ 371,923 Chevron Corp. # 2.419%, 11/17/20............................. 9,800 9,738,423 2.100%, 05/16/21............................. 1,375 1,341,123 # 2.498%, 03/03/22............................. 12,400 12,140,823 Cisco Systems, Inc. # 2.450%, 06/15/20............................. 4,400 4,374,079 2.200%, 02/28/21............................. 3,000 2,945,095 1.850%, 09/20/21............................. 14,000 13,460,865 Citigroup, Inc. 2.500%, 09/26/18............................. 501 500,943 2.050%, 06/07/19............................. 3,000 2,975,935 2.400%, 02/18/20............................. 3,000 2,967,377 CMS Energy Corp. 5.050%, 03/15/22............................. 2,549 2,679,398 CNA Financial Corp. 5.875%, 08/15/20............................. 1,790 1,890,874 5.750%, 08/15/21............................. 880 937,430 Coca-Cola Co. (The) # 2.450%, 11/01/20............................. 3,000 2,977,825 1.550%, 09/01/21............................. 2,500 2,385,075 # 3.300%, 09/01/21............................. 1,000 1,011,276 Comcast Corp. # 5.150%, 03/01/20............................. 1,900 1,972,783 Comerica, Inc. 2.125%, 05/23/19............................. 1,450 1,441,187 Constellation Brands, Inc. 2.700%, 05/09/22............................. 5,000 4,826,542 3.200%, 02/15/23............................. 1,706 1,669,334 Cox Communications, Inc. ## 3.250%, 12/15/22............................. 375 365,607 CVS Health Corp. 2.250%, 08/12/19............................. 2,500 2,479,250 # 2.125%, 06/01/21............................. 500 482,406 Discovery Communications LLC ## 2.750%, 11/15/19............................. 2,369 2,355,260 Dominion Energy, Inc. 2.500%, 12/01/19............................. 3,500 3,457,974 Dr. Pepper Snapple Group, Inc. 2.600%, 01/15/19............................. 1,000 998,694 DTE Energy Co. 2.400%, 12/01/19............................. 4,000 3,945,433 E*TRADE Financial Corp. # 2.950%, 08/24/22............................. 6,280 6,083,710 eBay, Inc. # 2.200%, 08/01/19............................. 4,346 4,318,586 2.750%, 01/30/23............................. 417 400,597 EI du Pont de Nemours & Co. 6.000%, 07/15/18............................. 183 184,348 2.800%, 02/15/23............................. 650 628,065 Electronic Arts, Inc. 3.700%, 03/01/21............................. 2,000 2,020,895 Exelon Generation Co. LLC 2.950%, 01/15/20............................. 2,600 2,590,570 4.000%, 10/01/20............................. 600 608,385
FACE AMOUNT^ VALUE+ - ------- ------ (000) UNITED STATES -- (Continued) Express Scripts Holding Co. 2.250%, 06/15/19............................. 1,000 $ 991,992 3.900%, 02/15/22............................. 1,866 1,872,960 Exxon Mobil Corp. # 1.912%, 03/06/20............................. 2,400 2,367,868 # 2.222%, 03/01/21............................. 5,824 5,729,002 # 2.397%, 03/06/22............................. 10,625 10,384,873 Fidelity National Information Services, Inc. 2.250%, 08/15/21............................. 5,000 4,820,550 Fifth Third Bancorp 3.500%, 03/15/22............................. 2,000 1,998,284 Fifth Third Bank 2.375%, 04/25/19............................. 203 202,556 Ford Motor Credit Co. LLC 5.000%, 05/15/18............................. 984 984,953 # 3.157%, 08/04/20............................. 1,200 1,194,326 3.336%, 03/18/21............................. 2,128 2,112,388 GATX Corp. 2.500%, 07/30/19............................. 200 198,338 GE Capital European Funding Unlimited Co. 0.800%, 01/21/22............................. EUR 2,400 2,935,029 GE Capital International Funding Co., Unlimited Co. 2.342%, 11/15/20............................. 10,000 9,774,819 General Electric Co. 0.375%, 05/17/22............................. EUR 4,400 5,281,877 General Motors Financial Co., Inc. # 3.200%, 07/06/21............................. 7,200 7,113,995 Georgia Power Co. 4.250%, 12/01/19............................. 215 219,312 Gilead Sciences, Inc. # 2.550%, 09/01/20............................. 1,000 992,370 Goldman Sachs Group, Inc. (The) 2.550%, 10/23/19............................. 4,900 4,877,809 Halliburton Co. # 2.000%, 08/01/18............................. 2,470 2,465,291 Harley-Davidson Financial Services, Inc. ## 2.850%, 01/15/21............................. 500 492,914 ## 2.550%, 06/09/22............................. 500 477,459 Harris Corp. 2.700%, 04/27/20............................. 4,500 4,462,148 Hewlett Packard Enterprise Co. 3.600%, 10/15/20............................. 3,800 3,827,049 Home Depot, Inc. (The) 2.000%, 06/15/19............................. 190 188,973 Humana, Inc. 2.625%, 10/01/19............................. 3,000 2,986,897
108 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) UNITED STATES -- (Continued) Huntington National Bank (The) 2.400%, 04/01/20............................. 2,600 $2,564,598 Indiana Michigan Power Co. 7.000%, 03/15/19............................. 2,000 2,070,326 Intercontinental Exchange, Inc. 2.750%, 12/01/20............................. 268 265,540 International Business Machines Corp. 1.625%, 05/15/20............................. 1,390 1,357,226 JM Smucker Co. (The) 2.500%, 03/15/20............................. 3,320 3,284,987 John Deere Capital Corp. 2.050%, 03/10/20............................. 1,625 1,600,549 Johnson & Johnson 2.250%, 03/03/22............................. 1,500 1,459,620 JPMorgan Chase & Co. 2.350%, 01/28/19............................. 3,000 2,995,564 Kellogg Co. # 4.000%, 12/15/20............................. 1,000 1,021,026 KeyCorp 2.900%, 09/15/20............................. 2,000 1,985,801 Kimberly-Clark Corp. 1.900%, 05/22/19............................. 2,000 1,987,331 Kroger Co. (The) 3.400%, 04/15/22............................. 1,000 992,857 2.800%, 08/01/22............................. 500 483,494 L3 Technologies, Inc. 4.950%, 02/15/21............................. 701 726,877 Laboratory Corp. of America Holdings 3.200%, 02/01/22............................. 1,500 1,479,406 Lam Research Corp. 2.750%, 03/15/20............................. 2,800 2,791,266 Legg Mason, Inc. 2.700%, 07/15/19............................. 3,000 2,983,669 Liberty Mutual Group, Inc. ## 5.000%, 06/01/21............................. 2,900 3,015,401 Manufacturers & Traders Trust Co. 2.100%, 02/06/20............................. 4,225 4,155,749 Marriott International, Inc. 6.750%, 05/15/18............................. 367 367,567 # 3.000%, 03/01/19............................. 2,960 2,964,021 Marsh & McLennan Cos., Inc. 2.350%, 03/06/20............................. 2,000 1,971,280 2.750%, 01/30/22............................. 1,500 1,462,209 MasterCard, Inc. 2.000%, 04/01/19............................. 1,365 1,358,579 Maxim Integrated Products, Inc. 2.500%, 11/15/18............................. 1,780 1,777,357 McKesson Corp. 2.700%, 12/15/22............................. 787 752,129 Mead Johnson Nutrition Co. 3.000%, 11/15/20............................. 700 698,188
FACE AMOUNT^ VALUE+ - ------- ------ (000) UNITED STATES -- (Continued) Merck & Co., Inc. # 2.350%, 02/10/22............................. 1,345 $ 1,309,539 2.400%, 09/15/22............................. 1,500 1,453,432 Microsoft Corp. 2.000%, 11/03/20............................. 3,500 3,440,556 1.550%, 08/08/21............................. 4,000 3,832,897 # 2.375%, 02/12/22............................. 13,000 12,677,818 Mondelez International Holdings Netherlands BV ## 2.000%, 10/28/21............................. 2,258 2,149,713 Monsanto Co. 1.850%, 11/15/18............................. 2,155 2,145,469 # 2.125%, 07/15/19............................. 2,550 2,526,998 Morgan Stanley # 2.375%, 07/23/19............................. 2,220 2,209,562 Mosaic Co. (The) 3.750%, 11/15/21............................. 1,000 997,623 Nasdaq, Inc. 5.550%, 01/15/20............................. 2,484 2,580,429 National Oilwell Varco, Inc. # 2.600%, 12/01/22............................. 5,283 5,033,303 NextEra Energy Capital Holdings, Inc. 2.400%, 09/15/19............................. 2,950 2,927,805 NiSource, Inc. 6.800%, 01/15/19............................. 61 62,672 Nordstrom, Inc. 4.750%, 05/01/20............................. 350 359,937 Northrop Grumman Corp. 3.500%, 03/15/21............................. 535 540,662 Nuveen Finance LLC ## 2.950%, 11/01/19............................. 3,890 3,876,264 NVIDIA Corp. 2.200%, 09/16/21............................. 575 557,884 ONEOK, Inc. # 4.250%, 02/01/22............................. 3,000 3,050,400 Oracle Corp. 1.900%, 09/15/21............................. 9,000 8,683,655 2.500%, 05/15/22............................. 3,000 2,927,492 2.500%, 10/15/22............................. 2,000 1,941,443 Penske Truck Leasing Co. L.P. / PTL Finance Corp. ## 3.375%, 02/01/22............................. 1,200 1,187,324 PepsiCo, Inc. # 2.150%, 10/14/20............................. 3,000 2,952,875 Pfizer, Inc. # 1.950%, 06/03/21............................. 5,000 4,863,789 0.250%, 03/06/22............................. EUR 4,000 4,826,481 PNC Bank NA 2.400%, 10/18/19............................. 4,000 3,971,349 Principal Financial Group, Inc. 3.300%, 09/15/22............................. 1,416 1,402,316 Procter & Gamble Co. (The) 1.850%, 02/02/21............................. 960 934,468 # 1.700%, 11/03/21............................. 5,000 4,793,076 2.300%, 02/06/22............................. 650 633,641
109 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT^ VALUE+ - ------- ------ (000) UNITED STATES -- (Continued) Progress Energy, Inc. 4.400%, 01/15/21............................. 2,150 $2,200,867 Prudential Financial, Inc. 5.375%, 06/21/20............................. 3,000 3,135,327 PSEG Power LLC 2.450%, 11/15/18............................. 2,499 2,493,554 QUALCOMM, Inc. 2.250%, 05/20/20............................. 3,000 2,952,333 2.600%, 01/30/23............................. 6,690 6,331,330 Quest Diagnostics, Inc. 2.700%, 04/01/19............................. 1,300 1,299,953 2.500%, 03/30/20............................. 3,630 3,589,228 Regions Financial Corp. 2.750%, 08/14/22............................. 2,000 1,928,035 Roper Technologies, Inc. 2.050%, 10/01/18............................. 135 134,698 Ryder System, Inc. 2.350%, 02/26/19............................. 2,000 1,990,542 3.400%, 03/01/23............................. 1,200 1,187,040 Santander Holdings USA, Inc. 3.400%, 01/18/23............................. 1,150 1,113,914 Sempra Energy 2.850%, 11/15/20............................. 5,000 4,940,621 Sherwin-Williams Co. (The) 2.750%, 06/01/22............................. 1,600 1,549,101 Southern Power Co. 2.500%, 12/15/21............................. 539 522,720 Southwest Airlines Co. 2.750%, 11/06/19............................. 426 423,899 State Street Corp. 4.375%, 03/07/21............................. 2,000 2,074,840 Stryker Corp. # 2.625%, 03/15/21............................. 2,378 2,345,588 SunTrust Banks, Inc. # 2.900%, 03/03/21............................. 3,000 2,969,109 Sysco Corp. 2.600%, 10/01/20............................. 3,970 3,924,767 Target Corp. 2.300%, 06/26/19............................. 515 513,135 Thermo Fisher Scientific, Inc. 3.300%, 02/15/22............................. 2,300 2,279,200 Time Warner, Inc. 2.100%, 06/01/19............................. 2,000 1,981,935 Total System Services, Inc. 2.375%, 06/01/18............................. 1,701 1,700,478 Tupperware Brands Corp. 4.750%, 06/01/21............................. 2,000 2,044,333 Tyson Foods, Inc. 2.650%, 08/15/19............................. 1,940 1,931,535 U.S. Bancorp 2.200%, 04/25/19............................. 66 65,778 United Parcel Service, Inc. # 2.450%, 10/01/22............................. 300 290,837 UnitedHealth Group, Inc. 2.300%, 12/15/19............................. 1,400 1,390,289 2.700%, 07/15/20............................. 439 437,029 # 2.125%, 03/15/21............................. 2,000 1,946,274
FACE AMOUNT^ VALUE+ - ------- ------ (000) UNITED STATES -- (Continued) Verizon Communications, Inc. 3.500%, 11/01/21............................. 1,000 $ 1,007,994 2.946%, 03/15/22............................. 2,500 2,455,300 Viacom, Inc. 3.875%, 12/15/21............................. 2,740 2,766,001 Walgreen Co. 5.250%, 01/15/19............................. 8 8,131 3.100%, 09/15/22............................. 1,500 1,464,925 Walgreens Boots Alliance, Inc. 2.700%, 11/18/19............................. 2,000 1,993,000 3.300%, 11/18/21............................. 500 497,970 Wells Fargo & Co. 2.125%, 04/22/19............................. 2,170 2,159,830 2.150%, 01/30/20............................. 1,500 1,480,172 WestRock RKT Co. 4.450%, 03/01/19............................. 595 602,178 Xilinx, Inc. 2.125%, 03/15/19............................. 766 763,077 Zoetis, Inc. # 3.250%, 02/01/23............................. 2,219 2,186,905 -------------- TOTAL UNITED STATES................................. 515,996,326 -------------- TOTAL BONDS......................................... 1,182,746,812 -------------- AGENCY OBLIGATIONS -- (3.4%) Federal Home Loan Mortgage Corporation 2.375%, 01/13/22............................. 4,000 3,939,128 Federal National Mortgage Association # 1.875%, 12/28/20............................. 22,000 21,570,340 # 1.250%, 05/06/21............................. 4,000 3,839,116 # 1.875%, 04/05/22............................. 6,000 5,797,014 2.000%, 10/05/22............................. 4,000 3,857,364 2.375%, 01/19/23............................. 6,000 5,866,902 -------------- TOTAL AGENCY OBLIGATIONS............................ 44,869,864 -------------- U.S. TREASURY OBLIGATIONS -- (0.5%) Treasury Inflation Protected Security ^^^++ 0.125%, 04/15/22............................. 6,500 6,515,877 -------------- TOTAL INVESTMENT SECURITIES......................... 1,234,132,553 -------------- SHARES - ------ SECURITIES LENDING COLLATERAL -- (6.9%) (S)@ DFA Short Term Investment Fund, 1.630%....... 7,941,280 91,880,608 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,346,668,894)............................. $1,326,013,161 ==============
110 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED At April 30, 2018, DFA Short-Duration Real Return Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying financial statements:
UNREALIZED FOREIGN EXCHANGE SETTLEMENT APPRECIATION CURRENCY PURCHASED CURRENCY SOLD COUNTERPARTY DATE (DEPRECIATION) ------------------ --------------- ---------------- ------------------ -------------- USD.. $ 1,043,063 GBP 742,614 Citibank, N.A. 05/10/18 $ 20,350 USD.. 38,841,533 EUR 31,356,797 Citibank, N.A. 06/28/18 811,231 USD.. 23,300,140 CAD 29,732,473 Citibank, N.A. 07/06/18 106,986 USD.. 85,722,015 EUR 69,136,673 Barclays Capital 07/11/18 1,783,920 USD.. 25,712,150 CAD 32,334,150 Barclays Capital 07/19/18 482,734 USD.. 5,292,145 AUD 6,877,042 Citibank, N.A. 07/20/18 113,014 USD.. 53,381,448 SEK 455,083,674 Citibank, N.A. 07/26/18 1,066,981 ---------- TOTAL APPRECIATION $4,385,216 ==========
At April 30, 2018, DFA Short-Duration Real Return Portfolio had entered into the following outstanding Inflation Swaps:
PAYMENTS PAYMENTS UPFRONT UPFRONT UNREALIZED MADE BY RECEIVED PAYMENT NOTIONAL EXPIRATION PREMIUMS PREMIUMS MARKET APPRECIATION COUNTERPARTY FUND BY FUND FREQUENCY AMOUNT DATE PAID RECEIVED VALUE (DEPRECIATION) --------------- ------------ -------- --------- -------------- ---------- -------- -------- ---------- -------------- Bank of America Corp.......... 2.282% Fixed CPI Maturity USD 40,000,000 02/08/20 -- -- $ (89,759) $ (89,759) Bank of America Corp.......... 2.228% Fixed CPI Maturity USD 26,000,000 03/12/22 -- -- 47,799 47,799 Bank of America Corp.......... 2.225% Fixed CPI Maturity USD 29,000,000 03/01/20 -- -- (29,022) (29,022) Bank of America Corp.......... 2.208% Fixed CPI Maturity USD 26,000,000 02/01/23 -- -- 134,003 134,003 Bank of America Corp.......... 2.204% Fixed CPI Maturity USD 44,000,000 02/16/19 -- -- (38,373) (38,373) Bank of America Corp.......... 1.832% Fixed CPI Maturity USD 40,000,000 11/08/20 -- -- 691,791 691,791 Bank of America Corp.......... 1.633% Fixed CPI Maturity USD 27,000,000 04/14/21 -- -- 845,077 845,077 Bank of America Corp.......... 1.525% Fixed CPI Maturity USD 43,000,000 08/31/21 -- -- 1,462,493 1,462,493 Bank of America Corp.......... 1.435% Fixed CPI Maturity USD 30,000,000 10/30/20 -- -- 887,882 887,882 Citibank, N.A.. 2.182% Fixed CPI Maturity USD 23,000,000 01/19/23 -- -- 155,036 155,036 Citibank, N.A.. 2.149% Fixed CPI Maturity USD 38,000,000 01/23/21 -- -- 122,228 122,228 Citibank, N.A.. 2.144% Fixed CPI Maturity USD 44,000,000 01/11/21 -- -- 146,141 146,141 Citibank, N.A.. 2.041% Fixed CPI Maturity USD 24,000,000 10/17/22 -- -- 416,046 416,046 Citibank, N.A.. 2.036% Fixed CPI Maturity USD 36,000,000 11/21/22 -- -- 522,063 522,063 Citibank, N.A.. 2.009% Fixed CPI Maturity USD 42,000,000 10/23/22 -- -- 785,265 785,265 Citibank, N.A.. 1.970% Fixed CPI Maturity USD 23,000,000 11/16/19 -- -- 196,271 196,271 Citibank, N.A.. 1.879% Fixed CPI Maturity USD 54,000,000 07/26/21 -- -- 946,394 946,394 Citibank, N.A.. 1.849% Fixed CPI Maturity USD 20,000,000 10/27/21 -- -- 430,943 430,943 Citibank, N.A.. 1.655% Fixed CPI Maturity USD 40,000,000 07/20/20 -- -- 934,149 934,149 Citibank, N.A.. 1.623% Fixed CPI Maturity USD 38,000,000 06/20/20 -- -- 1,003,807 1,003,807 Credit Suisse.. 1.735% Fixed CPI Maturity USD 33,000,000 03/05/19 -- -- 98,542 98,542 Deutsche Bank AG............ 2.235% Fixed CPI Maturity USD 38,000,000 05/02/22 -- -- -- -- Deutsche Bank AG............ 2.208% Fixed CPI Maturity USD 20,000,000 04/05/23 -- -- 69,795 69,795
111 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED
PAYMENTS PAYMENTS UPFRONT UPFRONT UNREALIZED MADE BY RECEIVED PAYMENT NOTIONAL EXPIRATION PREMIUMS PREMIUMS MARKET APPRECIATION COUNTERPARTY FUND BY FUND FREQUENCY AMOUNT DATE PAID RECEIVED VALUE (DEPRECIATION) ------------- ------------ -------- --------- -------------- ---------- -------- -------- ----------- -------------- Deutsche Bank AG.......... 2.193% Fixed CPI Maturity USD 40,000,000 03/08/21 -- -- $ 51,742 $ 51,742 Deutsche Bank AG.......... 2.125% Fixed CPI Maturity USD 20,000,000 01/04/23 -- -- 198,145 198,145 Deutsche Bank AG.......... 2.035% Fixed CPI Maturity USD 22,000,000 12/11/22 -- -- 301,116 301,116 Deutsche Bank AG.......... 1.938% Fixed CPI Maturity USD 25,000,000 09/08/22 -- -- 539,921 539,921 Deutsche Bank AG, London Branch...... 2.242% Fixed CPI Maturity USD 26,000,000 06/12/19 -- -- (972,090) (972,090) Deutsche Bank AG, London Branch...... 2.145% Fixed CPI Maturity USD 25,000,000 03/17/20 -- -- 909 909 Deutsche Bank AG, London Branch...... 2.135% Fixed CPI Maturity USD 30,000,000 04/05/21 -- -- 31,171 31,171 Deutsche Bank AG, London Branch...... 1.990% Fixed CPI Maturity USD 45,000,000 06/05/22 -- -- 697,202 697,202 Deutsche Bank AG, London Branch...... 1.983% Fixed CPI Maturity USD 32,000,000 05/12/22 -- -- 419,404 419,404 Deutsche Bank AG, London Branch...... 1.860% Fixed CPI Maturity USD 60,000,000 06/30/20 -- -- 720,538 720,538 Deutsche Bank AG, London Branch...... 1.718% Fixed CPI Maturity USD 36,000,000 09/27/21 -- -- 972,183 972,183 Deutsche Bank AG, London Branch...... 1.670% Fixed CPI Maturity USD 40,000,000 07/08/19 -- -- 696,836 696,836 Deutsche Bank AG, London Branch...... 1.563% Fixed CPI Maturity USD 48,000,000 07/28/19 -- -- 942,042 942,042 Deutsche Bank AG, London Branch...... 1.348% Fixed CPI Maturity USD 14,000,000 01/28/20 -- -- 417,134 417,134 -- -- ----------- ----------- TOTAL -- -- $14,754,824 $14,754,824 == == =========== ===========
112 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Bonds Australia.............................. -- $ 86,795,896 -- $ 86,795,896 Austria................................ -- 10,937,954 -- 10,937,954 Belgium................................ -- 5,312,709 -- 5,312,709 Canada................................. -- 129,678,578 -- 129,678,578 Denmark................................ -- 2,964,319 -- 2,964,319 Finland................................ -- 634,849 -- 634,849 France................................. -- 39,905,835 -- 39,905,835 Germany................................ -- 62,032,105 -- 62,032,105 Ireland................................ -- 4,193,531 -- 4,193,531 Italy.................................. -- 7,706,960 -- 7,706,960 Japan.................................. -- 52,656,752 -- 52,656,752 Netherlands............................ -- 76,318,730 -- 76,318,730 Norway................................. -- 5,103,575 -- 5,103,575 Spain.................................. -- 12,264,764 -- 12,264,764 Supranational Organization Obligations. -- 63,278,854 -- 63,278,854 Sweden................................. -- 72,117,862 -- 72,117,862 Switzerland............................ -- 1,514,521 -- 1,514,521 United Kingdom......................... -- 33,332,692 -- 33,332,692 United States.......................... -- 515,996,326 -- 515,996,326 Agency Obligations....................... -- 44,869,864 -- 44,869,864 U.S. Treasury Obligations................ -- 6,515,877 -- 6,515,877 Securities Lending Collateral............ -- 91,880,608 -- 91,880,608 Swap Agreements**........................ -- 14,754,824 -- 14,754,824 Forward Currency Contracts**............. -- 4,385,216 -- 4,385,216 -- -------------- -- -------------- TOTAL.................................... -- $1,345,153,201 -- $1,345,153,201 == ============== == ==============
**Valued at the unrealized appreciation/(depreciation) on the investment. See accompanying Notes to Financial Statements. 113 DFA MUNICIPAL REAL RETURN PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ------ ------ (000) MUNICIPAL BONDS -- (100.0%) ALABAMA -- (0.6%) Alabama State (GO) Series A 5.000%, 08/01/20.............................. $2,250 $ 2,402,145 5.000%, 08/01/23.............................. 2,200 2,496,604 ----------- TOTAL ALABAMA...................................... 4,898,749 ----------- ALASKA -- (0.7%) Borough of North Slope (GO) Series C (ETM) 3.000%, 06/30/18.............................. 500 501,045 City of Anchorage (GO) Series B 5.000%, 09/01/21.............................. 900 981,387 5.000%, 09/01/23.............................. 600 676,638 City of Anchorage (GO) Series D 5.000%, 09/01/23.............................. 2,585 2,915,182 ----------- TOTAL ALASKA....................................... 5,074,252 ----------- ARIZONA -- (0.6%) City of Phoenix (GO) 4.000%, 07/01/20.............................. 1,500 1,566,765 City of Tempe (GO) Series C 4.000%, 07/01/22.............................. 1,400 1,502,018 Maricopa County High School District No. 210-Phoenix (GO) 3.000%, 07/01/23.............................. 650 671,378 Scottsdale Municipal Property Corp. (RB) Series A 3.000%, 07/01/21.............................. 805 828,297 ----------- TOTAL ARIZONA...................................... 4,568,458 ----------- ARKANSAS -- (1.4%) Arkansas State (GO) 5.000%, 04/01/21.............................. 2,600 2,818,140 5.000%, 10/01/21.............................. 7,195 7,886,296 ----------- TOTAL ARKANSAS..................................... 10,704,436 ----------- CALIFORNIA -- (3.0%) California State (GO) 5.000%, 08/01/26.............................. 9,000 10,689,210 3.500%, 08/01/27.............................. 1,500 1,619,250 5.000%, 08/01/27.............................. 4,000 4,809,920 California State (GO) Series B 5.000%, 09/01/25.............................. 3,140 3,687,993 Los Angeles Unified School District (GO) Series A 5.000%, 07/01/27.............................. 2,000 2,430,920 ----------- TOTAL CALIFORNIA................................... 23,237,293 ----------- COLORADO -- (0.9%) Boulder County (RB) 5.000%, 07/15/18.............................. 100 100,672
FACE AMOUNT VALUE+ ------ ------ (000) COLORADO -- (Continued) Denver City & County School District No. 1 (GO) Series B (ETM) (ST AID WITHHLDG) 4.000%, 12/01/18............................. $ 35 $ 35,445 Denver City & County School District No. 1 (GO) Series B (ST AID WITHHLDG) 4.000%, 12/01/18............................. 265 268,564 5.000%, 12/01/24............................. 900 1,041,048 El Paso County School District No. 20 Academy (GO) (ST AID WITHHLDG) 5.000%, 12/15/21............................. 1,240 1,362,400 Jefferson County School District R-1 (GO) (ST AID WITHHLDG) 5.250%, 12/15/24............................. 1,000 1,169,440 Weld County School District No. RE-4 (GO) (ST INTERCEPT) 4.000%, 12/01/23............................. 2,425 2,619,897 ----------- TOTAL COLORADO................................... 6,597,466 ----------- CONNECTICUT -- (0.2%) Connecticut State (GO) Series A 5.000%, 10/15/18............................. 600 608,640 5.000%, 10/15/19............................. 300 312,162 Connecticut State (GO) Series C 5.000%, 06/01/18............................. 1,000 1,002,550 ----------- TOTAL CONNECTICUT................................ 1,923,352 ----------- DELAWARE -- (0.5%) New Castle County (GO) 5.000%, 10/01/23............................. 2,275 2,592,180 New Castle County (GO) Series B 5.000%, 07/15/22............................. 1,450 1,617,026 ----------- TOTAL DELAWARE................................... 4,209,206 ----------- DISTRICT OF COLUMBIA -- (1.6%) District of Columbia (GO) Series A 5.000%, 06/01/20............................. 1,900 2,018,769 District of Columbia (GO) Series E 5.000%, 06/01/21............................. 2,550 2,773,406 5.000%, 06/01/26............................. 1,875 2,211,506 Washington Metropolitan Area Transit Authority (RB) Series A-1 5.000%, 07/01/27............................. 4,535 5,392,795 ----------- TOTAL DISTRICT OF COLUMBIA....................... 12,396,476 ----------- FLORIDA -- (3.1%) Florida Department of Environmental Protection (RB) Series A 5.000%, 07/01/26............................. 5,000 5,869,350
114 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) FLORIDA -- (Continued) Florida State (GO) 5.000%, 07/01/21.............................. $2,000 $ 2,181,080 5.000%, 07/01/24.............................. 500 574,675 Florida State Board of Education (GO) Series A 5.000%, 06/01/23.............................. 700 790,839 Florida State Board of Education (GO) Series B 5.000%, 06/01/19.............................. 555 574,275 5.000%, 06/01/20.............................. 3,300 3,502,785 5.000%, 06/01/23.............................. 650 734,350 5.000%, 06/01/25.............................. 3,000 3,496,560 Miami-Dade County (GO) Series A 5.000%, 07/01/26.............................. 1,810 2,123,257 Miami-Dade County (GO) Series D 5.000%, 07/01/20.............................. 3,520 3,743,978 ----------- TOTAL FLORIDA...................................... 23,591,149 ----------- GEORGIA -- (3.1%) Cobb County (GO) 5.000%, 01/01/22.............................. 2,335 2,575,995 Georgia State (GO) Series A-1 5.000%, 02/01/19.............................. 6,805 6,970,838 Georgia State (GO) Series C 5.000%, 10/01/21.............................. 2,490 2,733,547 Georgia State (GO) Series C-1 5.000%, 07/01/23.............................. 3,000 3,406,260 5.000%, 07/01/24.............................. 3,200 3,691,808 Georgia State (GO) Series I 5.000%, 07/01/20.............................. 2,345 2,499,887 Georgia State Road & Tollway Authority (RB) (GTD) 5.000%, 10/01/23.............................. 1,580 1,802,006 ----------- TOTAL GEORGIA...................................... 23,680,341 ----------- HAWAII -- (1.1%) City & County of Honolulu (GO) Series B 5.000%, 10/01/23.............................. 2,150 2,439,175 5.000%, 10/01/25.............................. 450 526,356 Hawaii State (GO) Series EF 5.000%, 11/01/22.............................. 300 335,916 Hawaii State (GO) Series EH (ETM) 5.000%, 08/01/23.............................. 1,225 1,386,271 Hawaii State (GO) Series EH-2017 5.000%, 08/01/23.............................. 970 1,100,271 Hawaii State (GO) Series EH-2017 (ETM) 5.000%, 08/01/23.............................. 305 345,153 Hawaii State (GO) Series FK 5.000%, 05/01/23.............................. 1,800 2,031,822 ----------- TOTAL HAWAII....................................... 8,164,964 -----------
FACE AMOUNT VALUE+ ------ ------ (000) IOWA -- (0.1%) City of Ankeny (GO) Series G 5.000%, 06/01/19............................. $ 910 $ 941,213 ----------- KANSAS -- (1.5%) City of Lenexa (GO) Series A 5.000%, 09/01/21............................. 600 656,280 City of Lenexa (GO) Series B 5.000%, 09/01/20............................. 1,610 1,722,072 City of Merriam (GO) 5.000%, 10/01/25............................. 200 234,528 City of Wichita (GO) Series A 5.000%, 12/01/20............................. 3,000 3,223,650 Johnson County (GO) Series B 5.000%, 09/01/22............................. 1,405 1,567,839 Johnson County Unified School District No. 229 Blue Valley (GO) Series A 5.000%, 10/01/26............................. 1,500 1,777,920 Kansas State Department of Transportation (RB) Series B 5.000%, 09/01/20............................. 1,975 2,112,006 Kansas State Department of Transportation (RB) Series C 5.000%, 09/01/19............................. 125 130,149 ----------- TOTAL KANSAS..................................... 11,424,444 ----------- KENTUCKY -- (0.8%) Louisville & Jefferson County (GO) Series A 5.000%, 12/01/22............................. 1,500 1,677,870 5.000%, 12/01/25............................. 3,800 4,446,532 ----------- TOTAL KENTUCKY................................... 6,124,402 ----------- LOUISIANA -- (0.5%) Louisiana State (GO) Series A (ETM) 5.000%, 08/01/18............................. 2,000 2,016,200 Louisiana State (GO) Series C 5.000%, 07/15/22............................. 250 276,673 5.000%, 08/01/23............................. 1,100 1,239,018 Louisiana State (GO) Series D-2 5.000%, 12/01/21............................. 600 656,664 ----------- TOTAL LOUISIANA.................................. 4,188,555 ----------- MAINE -- (0.1%) Maine State (GO) Series B 5.000%, 06/01/23............................. 495 559,746 ----------- MARYLAND -- (8.7%) Anne Arundel County (GO) 5.000%, 04/01/23............................. 4,000 4,510,920 Anne County Arundel (GO) 5.000%, 10/01/19............................. 1,195 1,247,102 Baltimore County (BAN) 4.000%, 03/18/19............................. 2,500 2,549,350
115 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) MARYLAND -- (Continued) Baltimore County (GO) 5.000%, 08/01/18............................. $1,000 $ 1,008,170 5.000%, 08/01/21............................. 500 545,930 3.000%, 11/01/24............................. 5,015 5,191,979 City of Baltimore (GO) Series B 5.000%, 10/15/22............................. 645 719,749 City of Frederick (GO) Series C 5.000%, 03/01/27............................. 3,100 3,702,454 Harford County (GO) Series A 5.000%, 09/15/20............................. 900 963,675 Howard County (GO) Series B 5.000%, 02/15/26............................. 6,420 7,573,802 Howard County (GO) Series D 5.000%, 02/15/24............................. 4,000 4,572,520 Maryland State (GO) Series B 5.000%, 03/01/19............................. 1,000 1,026,990 5.000%, 08/01/20............................. 2,000 2,133,880 4.000%, 08/01/23............................. 1,785 1,936,903 5.000%, 08/01/26............................. 5,500 6,527,785 Maryland State (GO) Series C 5.000%, 08/01/20............................. 2,000 2,133,880 Montgomery County (GO) Series C 5.000%, 10/01/27............................. 6,655 8,024,133 Montgomery County (GO) Series D 3.000%, 11/01/23............................. 2,000 2,072,960 Prince George's County (GO) Series B 5.000%, 09/15/18............................. 650 657,924 Washington Suburban Sanitary Commission (GO) 5.000%, 06/01/18............................. 650 651,710 5.000%, 06/01/24............................. 4,325 4,968,171 3.000%, 06/01/26............................. 2,080 2,144,854 Worcester County (GO) Series B 4.000%, 08/01/21............................. 2,255 2,387,301 ----------- TOTAL MARYLAND................................... 67,252,142 ----------- MASSACHUSETTS -- (4.5%) City of Boston (GO) Series A 5.000%, 03/01/20............................. 1,200 1,268,148 5.000%, 04/01/20............................. 1,250 1,324,175 City of Boston (GO) Series B 5.000%, 04/01/24............................. 3,500 4,023,845 Commonwealth of Massachusetts (GO) Series C 5.000%, 04/01/23............................. 4,000 4,504,960 Commonwealth of Massachusetts (GO) Series B 5.250%, 08/01/21............................. 500 549,505 Commonwealth of Massachusetts (GO) Series C 5.000%, 08/01/20............................. 3,255 3,471,393 5.000%, 08/01/24............................. 1,360 1,561,402 Commonwealth of Massachusetts (GO) Series E 5.000%, 11/01/27............................. 1,000 1,198,960
FACE AMOUNT VALUE+ ------ ------ (000) MASSACHUSETTS -- (Continued) Massachusetts Clean Water Trust (The) (RB) 5.000%, 08/01/20............................. $ 400 $ 427,324 Massachusetts School Building Authority (RB) Series A 5.000%, 11/15/25............................. 3,240 3,800,488 Massachusetts Water Resources Authority (RB) Series B (AGM) 5.250%, 08/01/28............................. 9,000 11,105,640 Town of Lexington (GO) 4.000%, 02/15/27............................. 1,000 1,113,460 Town of Medfield (GO) 3.000%, 09/15/19............................. 510 518,374 ----------- TOTAL MASSACHUSETTS.............................. 34,867,674 ----------- MICHIGAN -- (0.7%) Michigan State (GO) 5.000%, 11/01/19............................. 700 732,942 Michigan State (GO) Series A 5.000%, 05/01/23............................. 2,425 2,734,867 5.000%, 05/01/25............................. 1,500 1,741,455 ----------- TOTAL MICHIGAN................................... 5,209,264 ----------- MINNESOTA -- (3.3%) City of Edina (GO) Series B 3.000%, 02/01/19............................. 1,000 1,009,520 Hennepin County (GO) Series C 5.000%, 12/01/28............................. 1,150 1,407,416 Metropolitan Council (GO) Series C 5.000%, 03/01/24............................. 6,250 7,154,687 Minneapolis Special School District No. 1 (GO) (SD CRED PROG) 5.000%, 02/01/28............................. 2,590 3,127,036 Minnesota State (GO) 5.000%, 08/01/18............................. 640 645,165 Minnesota State (GO) (ETM) 5.000%, 08/01/18............................. 10 10,079 Minnesota State (GO) Series A 5.000%, 08/01/21............................. 1,330 1,451,296 5.000%, 08/01/25............................. 7,000 8,193,640 Minnesota State (GO) Series D 5.000%, 08/01/21............................. 700 763,840 Minnesota State (GO) Series E 2.000%, 08/01/19............................. 1,000 1,002,440 Saint Paul Public Library Agency (GO) Series C 5.000%, 03/01/20............................. 900 950,607 ----------- TOTAL MINNESOTA.................................. 25,715,726 ----------- MISSISSIPPI -- (0.3%) Madison County School District (GO) 3.500%, 12/01/19............................. 350 358,785 Mississippi State (GO) Series B 5.000%, 11/01/20............................. 600 643,788 Mississippi State (GO) Series C 5.000%, 10/01/20............................. 1,565 1,675,849 ----------- TOTAL MISSISSIPPI................................ 2,678,422 -----------
116 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) MISSOURI -- (0.8%) Columbia School District (GO) Series B 5.000%, 03/01/23.............................. $ 2,500 $ 2,826,400 Missouri Highway & Transportation Commission (RB) 5.000%, 02/01/19.............................. 1,525 1,561,935 North Kansas City School District No. 74 (GO) (ST AID DIR DEP) 4.000%, 03/01/26.............................. 1,845 2,022,766 ----------- TOTAL MISSOURI..................................... 6,411,101 ----------- NEBRASKA -- (1.2%) Douglas County School District No. 17 (GO) 4.000%, 12/15/26.............................. 3,000 3,334,620 Omaha School District (GO) 5.000%, 12/15/25.............................. 1,345 1,577,954 5.000%, 12/15/26.............................. 3,975 4,724,208 ----------- TOTAL NEBRASKA..................................... 9,636,782 ----------- NEVADA -- (3.5%) City of Henderson NV (GO) 5.000%, 06/01/21.............................. 600 651,822 Clark County (GO) Series B 5.000%, 11/01/24.............................. 8,665 9,956,692 Nevada State (GO) Series D 5.000%, 04/01/25.............................. 11,625 13,451,520 Nevada State (GO) Series D-1 5.000%, 03/01/22.............................. 2,000 2,206,140 Washoe County School District (GO) Series F 5.000%, 06/01/21.............................. 900 974,925 ----------- TOTAL NEVADA....................................... 27,241,099 ----------- NEW HAMPSHIRE -- (0.4%) City of Dover (GO) Series C 5.000%, 07/01/20.............................. 220 234,241 City of Nashua (GO) 4.000%, 07/15/24.............................. 2,000 2,180,940 New Hampshire State (GO) Series B 5.000%, 06/01/19.............................. 540 558,635 ----------- TOTAL NEW HAMPSHIRE................................ 2,973,816 ----------- NEW JERSEY -- (0.3%) City of Hoboken (GO) 3.000%, 02/01/27.............................. 1,000 1,011,510 Township of Parsippany-Troy Hills (GO) Series ABCD 2.000%, 09/15/21.............................. 1,515 1,505,198 ----------- TOTAL NEW JERSEY................................... 2,516,708 ----------- NEW MEXICO -- (2.3%) New Mexico State (GO) 5.000%, 03/01/19.............................. 3,500 3,591,840 5.000%, 03/01/21.............................. 2,105 2,273,653
FACE AMOUNT VALUE+ ------ ------ (000) NEW MEXICO -- (Continued) New Mexico State Severance Tax Permanent Fund (RB) Series A 5.000%, 07/01/27............................. $2,570 $ 3,058,428 New Mexico State Severance Tax Permanent Fund (RB) Series B 4.000%, 07/01/20............................. 2,000 2,087,280 New Mexico State Severance Tax Permanent Fund (RB) Series D 5.000%, 07/01/26............................. 5,580 6,568,162 ----------- TOTAL NEW MEXICO................................. 17,579,363 ----------- NEW YORK -- (2.5%) City of New York (GO) Series C 5.000%, 08/01/26............................. 500 587,325 5.000%, 08/01/26............................. 1,960 2,302,314 City of New York (GO) Series G 5.000%, 08/01/18............................. 1,600 1,612,832 City of New York (GO) Series J 5.000%, 08/01/22............................. 650 722,553 New York State Dormitory Authority (RB) Series A 5.000%, 02/15/25............................. 500 577,220 New York State Dormitory Authority (RB) Series B 5.000%, 02/15/22............................. 2,500 2,756,700 5.000%, 02/15/24............................. 700 796,943 New York State Urban Development Corp. (RB) Series A 5.000%, 03/15/26............................. 6,890 8,075,769 New York State Urban Development Corp. (RB) Series C 5.000%, 12/15/18............................. 1,000 1,020,420 Riverhead Central School District (GO) (ST AID WITHHLDG) 2.000%, 10/15/22............................. 700 697,627 ----------- TOTAL NEW YORK................................... 19,149,703 ----------- NORTH CAROLINA -- (6.2%) City of Charlotte Water & Sewer System Revenue (RB) 5.000%, 07/01/21............................. 1,800 1,966,446 Forsyth County (GO) 4.000%, 12/01/21............................. 1,500 1,598,325 Gaston County (GO) 5.000%, 02/01/26............................. 2,500 2,928,025 Iredell County (GO) Series B 2.500%, 02/01/24............................. 2,285 2,292,266 Mecklenburg County (GO) Series A 5.000%, 04/01/22............................. 5,000 5,545,950 Mecklenburg County (GO) Series B 5.000%, 12/01/21............................. 6,120 6,742,343 5.000%, 12/01/26............................. 8,430 10,091,469 North Carolina Eastern Municipal Power Agency (RB) Series B (NATL-IBC) (ETM) 6.000%, 01/01/22............................. 650 733,772
117 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) NORTH CAROLINA -- (Continued) North Carolina State (GO) Series A 5.000%, 06/01/22............................. $6,000 $ 6,679,440 North Carolina State (GO) Series C 3.750%, 05/01/19............................. 1,500 1,529,685 Wake County (GO) 5.000%, 03/01/19............................. 1,000 1,026,990 5.000%, 09/01/21............................. 2,250 2,465,617 5.000%, 09/01/24............................. 4,000 4,625,120 ----------- TOTAL NORTH CAROLINA............................. 48,225,448 ----------- NORTH DAKOTA -- (0.1%) North Dakota State University of Agriculture & Applied Science (RB) Series A 5.000%, 04/01/21............................. 545 587,352 ----------- OHIO -- (5.6%) Beavercreek City School District (GO) (AGM) 5.000%, 12/01/18............................. 525 534,839 City of Columbus (GO) Series 1 5.000%, 07/01/21............................. 2,775 3,028,940 5.000%, 07/01/23............................. 1,875 2,122,069 City of Columbus (GO) Series A 5.000%, 02/15/20............................. 650 685,204 2.000%, 08/15/22............................. 2,000 1,968,560 4.000%, 08/15/25............................. 3,500 3,854,970 Cleveland Department of Public Utilities Division of Water (RB) Series T 5.000%, 01/01/19............................. 4,335 4,427,769 Franklin County (GO) 5.000%, 06/01/21............................. 1,830 1,990,326 Ohio State (GO) Series A 4.000%, 03/01/21............................. 1,475 1,552,423 5.000%, 09/15/24............................. 2,000 2,300,280 5.000%, 09/15/25............................. 1,950 2,279,063 Ohio State (GO) Series B 5.000%, 08/01/20............................. 650 692,770 5.000%, 09/01/27............................. 9,300 11,146,887 5.000%, 09/15/27............................. 3,500 4,197,620 Ohio Water Development Authority (RB) Series C 5.000%, 06/01/19............................. 2,225 2,303,008 ----------- TOTAL OHIO....................................... 43,084,728 ----------- OREGON -- (1.4%) City of Portland Sewer System Revenue (RB) Series A 5.000%, 10/01/23............................. 3,570 4,059,911 Multnomah County School District No. 1 Portland (GO) Series B (SCH BD GTY) 5.000%, 06/15/23............................. 1,005 1,134,796
FACE AMOUNT VALUE+ ------ ------ (000) OREGON -- (Continued) Oregon State (GO) Series A 5.000%, 05/01/21............................. $ 800 $ 868,992 Oregon State (GO) Series D 3.000%, 05/01/20............................. 2,345 2,396,238 Oregon State (GO) Series G 5.000%, 12/01/22............................. 2,050 2,299,731 ----------- TOTAL OREGON..................................... 10,759,668 ----------- PENNSYLVANIA -- (0.4%) Pennsylvania Economic Development Financing Authority (RB) Series A 5.000%, 07/01/19............................. 3,145 3,257,717 ----------- RHODE ISLAND -- (0.3%) Rhode Island State (GO) Series A 5.000%, 08/01/20............................. 1,900 2,024,165 Rhode Island State (GO) Series D 5.000%, 08/01/22............................. 600 666,204 ----------- TOTAL RHODE ISLAND............................... 2,690,369 ----------- SOUTH CAROLINA -- (3.0%) Beaufort County (GO) Series A (ST AID WITHHLDG) 4.000%, 03/01/22............................. 640 683,782 Beaufort County School District (GO) Series A (SCSDE) 5.000%, 03/01/23............................. 6,000 6,748,140 Berkeley County School District (GO) Series A (SCSDE) 5.000%, 03/01/27............................. 2,500 2,985,850 Charleston County (GO) 5.000%, 11/01/23............................. 1,000 1,140,900 Charleston County School District (GO) Series A (SCSDE) 5.000%, 02/01/21............................. 800 863,376 Clemson University (RB) Series B 5.000%, 05/01/25............................. 750 872,295 Lexington & Richland School District No. 5 (GO) (SCSDE) 5.000%, 03/01/24............................. 2,750 3,141,600 Richland County (GO) Series A (ST AID WITHHLDG) 5.000%, 03/01/26............................. 1,870 2,216,605 South Carolina State (GO) Series A (ST AID WITHHLDG) 5.000%, 10/01/23............................. 3,000 3,418,260 Spartanburg County (GO) (ST AID WITHHLDG) 5.000%, 04/01/19............................. 1,210 1,245,477 ----------- TOTAL SOUTH CAROLINA............................. 23,316,285 ----------- TENNESSEE -- (4.5%) City of Kingsport (GO) Series A 5.000%, 09/01/21............................. 510 557,323
118 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) TENNESSEE -- (Continued) Hamilton County (GO) Series B 5.000%, 03/01/22............................. $2,000 $ 2,214,680 Maury County (GO) Series B 5.000%, 04/01/20............................. 1,205 1,274,866 Metropolitan Government of Nashville & Davidson County (GO) 5.000%, 01/01/26............................. 7,165 8,412,498 Metropolitan Government of Nashville & Davidson County (GO) Series C 5.000%, 07/01/21............................. 5,000 5,446,300 Rutherford County (GO) Series B 5.000%, 04/01/23............................. 4,085 4,606,777 Shelby County (GO) 5.000%, 04/01/25............................. 5,000 5,813,200 Shelby County (GO) Series A 5.000%, 04/01/20............................. 1,500 1,587,255 Sullivan County (GO) Series A 5.000%, 04/01/21............................. 1,000 1,082,130 Sumner County (GO) 5.000%, 06/01/21............................. 650 707,154 5.000%, 12/01/21............................. 900 989,883 Washington County (GO) Series A 4.000%, 06/01/26............................. 1,705 1,881,860 ----------- TOTAL TENNESSEE.................................. 34,573,926 ----------- TEXAS -- (16.4%) City of Arlington (GO) 5.000%, 08/15/25............................. 1,000 1,160,490 City of Austin (GO) 5.000%, 09/01/25............................. 2,305 2,695,444 City of Dallas (GO) 5.000%, 02/15/19............................. 1,600 1,640,128 City of Dallas Waterworks & Sewer System Revenue (RB) Series A 5.000%, 10/01/22............................. 9,000 10,050,300 City of Frisco (GO) Series A 5.000%, 02/15/25............................. 2,000 2,300,800 City of Garland (GO) Series A 5.000%, 02/15/24............................. 400 454,700 City of Houston (GO) (TRANS) 4.000%, 06/29/18............................. 2,000 2,007,700 City of Lubbock (GO) 5.000%, 02/15/23............................. 4,000 4,477,040 City of San Antonio (GO) 5.000%, 02/01/20............................. 2,500 2,635,150 5.000%, 02/01/21............................. 2,200 2,374,900 City of San Antonio Electric & Gas Systems Revenue (RB) 5.000%, 02/01/24............................. 9,515 10,818,936 5.000%, 02/01/26............................. 2,850 3,335,754 City of San Antonio Electric & Gas Systems Revenue (RB) Series D 5.000%, 02/01/19............................. 310 317,555 City of Sugar Land (GO) 5.000%, 02/15/21............................. 1,050 1,132,541
FACE AMOUNT VALUE+ ------ ------ (000) TEXAS -- (Continued) Conroe Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/26.............................. $ 8,710 $10,241,653 Cypress-Fairbanks Independent School District (GO) (PSF-GTD) 5.000%, 02/15/21.............................. 800 862,888 Dallas County Community College District (GO) 5.000%, 02/15/23.............................. 7,965 8,934,102 El Paso Independent School District (GO) (PSF-GTD) 5.000%, 08/15/24.............................. 3,035 3,477,533 Frisco Independent School District (GO) (PSF-GTD) 5.000%, 08/15/20.............................. 2,460 2,622,901 Goose Creek Consolidated Independent School District (GO) (PSF-GTD) 5.000%, 02/15/27.............................. 3,000 3,551,820 Highland Park Independent School District (GO) 5.000%, 02/15/23.............................. 3,120 3,502,637 Houston Independent School District (GO) (PSF-GTD) 5.000%, 02/15/27.............................. 5,000 5,928,350 Humble Independent School District (GO) Series A (PSF-GTD) 2.000%, 02/15/19.............................. 660 661,274 Permanent University Fund - University of Texas System (RB) Series B 5.250%, 07/01/28.............................. 2,610 3,211,083 Pflugerville Independent School District (GO) (PSF-GTD) 4.000%, 08/15/20.............................. 2,000 2,091,200 Plano Independent School District (GO) (PSF-GTD) 5.000%, 02/15/24.............................. 2,225 2,529,269 San Antonio Independent School District (GO) (PSF-GTD) 5.000%, 02/15/20.............................. 1,790 1,885,317 Texas State (GO) 5.000%, 04/01/19.............................. 1,150 1,183,614 5.000%, 10/01/23.............................. 4,200 4,769,478 Texas State (RN) 4.000%, 08/30/18.............................. 3,000 3,022,860 Texas Transportation Commission State Highway Fund (RB) 5.000%, 10/01/26.............................. 2,505 2,964,968 University of Texas System (The) (RB) Series C 5.000%, 08/15/19.............................. 100 104,022 University of Texas System (The) (RB) Series J 5.000%, 08/15/25.............................. 12,500 14,642,000 5.000%, 08/15/26.............................. 3,850 4,572,529
119 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) TEXAS -- (Continued) Ysleta Independent School District (GO) Series A (PSF-GTD) 5.000%, 08/15/20............................. $ 460 $ 490,779 ------------ TOTAL TEXAS...................................... 126,651,715 ------------ UTAH -- (1.3%) City of American Fork (GO) 5.000%, 05/01/26............................. 1,165 1,359,310 Davis School District (GO) Series S (SCH BD GTY) 5.000%, 06/01/23............................. 1,000 1,131,820 Jordan School District (GO) (SCH BD GTY) 5.000%, 06/15/22............................. 3,050 3,393,399 Tooele County School District (GO) Series B (SCH BD GTY) 5.000%, 06/01/22............................. 650 721,988 Utah State (GO) 5.000%, 07/01/22............................. 1,500 1,671,900 Utah State (GO) Series C 5.000%, 07/01/19............................. 900 933,426 Weber School District (GO) (SCH BD GTY) 5.000%, 06/15/21............................. 650 707,850 ------------ TOTAL UTAH....................................... 9,919,693 ------------ VERMONT -- (0.2%) Vermont State (GO) Series C 4.000%, 08/15/23............................. 1,300 1,414,777 ------------ VIRGINIA -- (3.6%) Arlington County (GO) Series B 5.000%, 08/15/22............................. 4,830 5,396,897 City of Lynchburg (GO) 5.000%, 02/01/26............................. 1,930 2,275,296 City of Manassas (GO) Series C (ST AID WITHHLDG) 5.000%, 07/01/21............................. 1,040 1,135,170 City of Richmond (GO) Series A (ST AID WITHHLDG) 5.000%, 03/01/21............................. 900 973,143 City of Virginia Beach (GO) Series B (ST AID WITHHLDG) 5.000%, 09/15/24............................. 3,000 3,463,830 Fairfax County (GO) Series A (ST AID WITHHLDG) 5.000%, 10/01/19............................. 2,000 2,088,920 5.000%, 10/01/23............................. 4,775 5,448,562 Fairfax County (GO) Series B (ST AID WITHHLDG) 5.000%, 10/01/18............................. 400 405,464 Loudoun County (GO) Series A 5.000%, 12/01/21............................. 5,000 5,503,000 Virginia Public Building Authority (RB) Series C 5.000%, 08/01/23............................. 600 678,990
FACE AMOUNT VALUE+ ------ ------ (000) VIRGINIA -- (Continued) Virginia Resources Authority (RB) Series D 5.000%, 11/01/20............................. $ 200 $ 214,950 ----------- TOTAL VIRGINIA................................... 27,584,222 ----------- WASHINGTON -- (5.3%) City of Marysville Water & Sewer Revenue (RB) 5.000%, 04/01/20............................. 175 185,248 City of Seattle Municipal Light & Power Revenue (RB) Series B 5.000%, 04/01/24............................. 3,000 3,427,590 City of Seattle Water System Revenue (RB) 5.000%, 09/01/19............................. 190 198,005 City of Spokane (GO) 5.000%, 12/01/25............................. 1,165 1,357,097 Clark County School District No. 119 Battleground (GO) (SCH BD GTY) 4.000%, 12/01/21............................. 510 542,885 King & Snohomish Counties School District No. 417 Northshore (GO) (SCH BD GTY) 5.000%, 12/01/19............................. 2,825 2,962,945 King County (GO) Series A 5.000%, 07/01/20............................. 700 746,081 5.000%, 12/01/25............................. 1,830 2,149,628 King County School District No. 405 Bellevue (GO) (SCH BD GTY) 5.000%, 12/01/24............................. 2,265 2,615,486 King County School District No. 414 Lake Washington (GO) (SCH BD GTY) 5.000%, 12/01/22............................. 925 1,036,823 King County Sewer Revenue (RB) Series B 5.000%, 07/01/22............................. 5,640 6,269,649 North Thurston Public Schools (GO) (SCH BD GTY) 5.000%, 12/01/22............................. 2,080 2,321,842 Washington State (GO) 5.000%, 08/01/27............................. 4,800 5,732,592 Washington State (GO) Series 2017-A 5.000%, 08/01/26............................. 1,480 1,750,514 Washington State (GO) Series A 5.000%, 08/01/21............................. 500 545,930 Washington State (GO) Series C 5.000%, 02/01/25............................. 1,930 2,232,991 Washington State (GO) Series R-2012A 5.000%, 07/01/19............................. 1,585 1,642,741 Washington State (GO) Series R-2012C 4.000%, 07/01/21............................. 150 158,913
120 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) WASHINGTON -- (Continued) Washington State (GO) Series R-2013A 5.000%, 07/01/20............................. $2,775 $ 2,954,626 Washington State (GO) Series R-2015 5.000%, 07/01/18............................. 650 653,497 Washington State (GO) Series R-2015A 5.000%, 07/01/20............................. 1,560 1,660,979 ----------- TOTAL WASHINGTON................................. 41,146,062 ----------- WISCONSIN -- (3.4%) City of Janesville (GO) 3.000%, 03/01/24............................. 1,245 1,277,196 City of Milwaukee (GO) 5.000%, 05/01/20............................. 2,370 2,507,578 City of Milwaukee (GO) Series N1 5.000%, 02/01/19............................. 100 102,324 City of Milwaukee (GO) Series N2 4.000%, 03/01/24............................. 6,500 7,040,475
FACE AMOUNT VALUE+ ------ ------ (000) WISCONSIN -- (Continued) City of Oshkosh (GO) Series B 3.000%, 12/01/23............................. $ 650 $ 671,626 Germantown School District (GO) Series A 5.000%, 04/01/27............................. 2,200 2,631,178 Oregon School District (GO) 3.000%, 03/01/21............................. 1,900 1,940,926 Wisconsin State (GO) Series 1 5.000%, 11/01/24............................. 4,025 4,643,240 Wisconsin State (GO) Series 2 5.000%, 11/01/20............................. 800 859,192 5.000%, 11/01/22............................. 600 672,108 Wisconsin State (GO) Series B 5.000%, 05/01/21............................. 3,405 3,698,647 ------------ TOTAL WISCONSIN.................................. 26,044,490 ------------ TOTAL MUNICIPAL BONDS............................ 772,772,754 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $791,942,637)............................ $772,772,754 ============
At April 30, 2018, DFA Municipal Real Return Portfolio had entered into the following outstanding Inflation Swaps:
PAYMENTS PAYMENTS UPFRONT UPFRONT UNREALIZED MADE RECEIVED PAYMENT NOTIONAL EXPIRATION PREMIUMS PREMIUMS MARKET APPRECIATION COUNTERPARTY BY FUND BY FUND FREQUENCY AMOUNT DATE PAID RECEIVED VALUE (DEPRECIATION) --------------- ------------ -------- --------- -------------- ---------- -------- -------- -------- -------------- Bank of America Corp.......... 2.195% Fixed CPI Maturity USD 15,000,000 01/09/24 -- -- $118,072 $118,072 Bank of America Corp.......... 2.193% Fixed CPI Maturity USD 14,000,000 03/29/25 -- -- 114,764 114,764 Bank of America Corp.......... 2.185% Fixed CPI Maturity USD 17,000,000 03/03/23 -- -- 97,719 97,719 Bank of America Corp.......... 2.177% Fixed CPI Maturity USD 11,000,000 09/20/27 -- -- 262,291 262,291 Bank of America Corp.......... 2.149% Fixed CPI Maturity USD 14,000,000 08/10/27 -- -- 345,183 345,183 Bank of America Corp.......... 2.064% Fixed CPI Maturity USD 13,000,000 10/24/24 -- -- 300,013 300,013 Bank of America Corp.......... 2.029% Fixed CPI Maturity USD 15,000,000 05/24/25 -- -- 367,155 367,155 Bank of America Corp.......... 2.004% Fixed CPI Maturity USD 14,000,000 06/13/25 -- -- 382,668 382,668 Bank of America Corp.......... 1.902% Fixed CPI Maturity USD 25,000,000 07/14/22 -- -- 523,607 523,607 Bank of America Corp.......... 1.826% Fixed CPI Maturity USD 26,000,000 11/07/20 -- -- 458,257 458,257 Bank of America Corp.......... 1.715% Fixed CPI Maturity USD 11,000,000 09/28/23 -- -- 452,940 452,940 Bank of America Corp.......... 1.706% Fixed CPI Maturity USD 11,000,000 06/14/22 -- -- 395,074 395,074 Bank of America Corp.......... 1.704% Fixed CPI Maturity USD 27,000,000 05/31/21 -- -- 786,707 786,707
121 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED
PAYMENTS PAYMENTS UPFRONT UPFRONT UNREALIZED MADE RECEIVED PAYMENT NOTIONAL EXPIRATION PREMIUMS PREMIUMS MARKET APPRECIATION COUNTERPARTY BY FUND BY FUND FREQUENCY AMOUNT DATE PAID RECEIVED VALUE (DEPRECIATION) --------------- ------------ -------- --------- -------------- ---------- -------- -------- ----------- -------------- Bank of America Corp.......... 1.663% Fixed CPI Maturity USD 17,000,000 04/15/22 -- -- $ 627,690 $ 627,690 Bank of America Corp.......... 1.619% Fixed CPI Maturity USD 12,000,000 10/14/22 -- -- 406,099 406,099 Bank of America Corp.......... 1.610% Fixed CPI Maturity USD 20,000,000 12/31/20 -- -- 497,823 497,823 Bank of America Corp.......... 1.609% Fixed CPI Maturity USD 17,000,000 06/24/21 -- -- 567,798 567,798 Bank of America Corp.......... 1.580% Fixed CPI Maturity USD 19,000,000 08/07/20 -- -- 378,911 378,911 Bank of America Corp.......... 1.580% Fixed CPI Maturity USD 14,000,000 12/30/20 -- -- 369,163 369,163 Bank of America Corp.......... 1.548% Fixed CPI Maturity USD 8,000,000 01/08/21 -- -- 226,500 226,500 Bank of America Corp.......... 1.530% Fixed CPI Maturity USD 19,000,000 12/24/20 -- -- 546,098 546,098 Bank of America Corp.......... 1.520% Fixed CPI Maturity USD 14,000,000 12/23/20 -- -- 409,084 409,084 Bank of America Corp.......... 1.365% Fixed CPI Maturity USD 5,000,000 01/21/19 -- -- 51,045 51,045 Bank of America Corp.......... 2.199% Fixed CPI Maturity USD 16,000,000 02/14/24 -- -- 125,531 125,531 Citibank, N.A.. 2.234% Fixed CPI Maturity USD 34,000,000 01/23/24 -- -- 210,949 210,949 Citibank, N.A.. 2.171% Fixed CPI Maturity USD 11,000,000 04/07/24 -- -- 81,397 81,397 Citibank, N.A.. 2.148% Fixed CPI Maturity USD 19,000,000 01/04/24 -- -- 221,112 221,112 Citibank, N.A.. 2.114% Fixed CPI Maturity USD 14,000,000 12/19/23 -- -- 191,096 191,096 Citibank, N.A.. 2.113% Fixed CPI Maturity USD 27,000,000 12/21/24 -- -- 443,520 443,520 Citibank, N.A.. 2.113% Fixed CPI Maturity USD 11,000,000 05/02/24 -- -- 131,823 131,823 Citibank, N.A.. 2.103% Fixed CPI Maturity USD 11,000,000 11/21/26 -- -- 264,711 264,711 Citibank, N.A.. 2.100% Fixed CPI Maturity USD 18,000,000 12/11/25 -- -- 358,305 358,305 Citibank, N.A.. 2.088% Fixed CPI Maturity USD 23,000,000 12/29/22 -- -- 269,259 269,259 Citibank, N.A.. 2.005% Fixed CPI Maturity USD 12,000,000 11/09/25 -- -- 363,313 363,313 Citibank, N.A.. 1.986% Fixed CPI Maturity USD 20,000,000 07/24/23 -- -- 438,572 438,572 Citibank, N.A.. 1.789% Fixed CPI Maturity USD 21,000,000 03/31/24 -- -- 851,554 851,554 Citibank, N.A.. 1.752% Fixed CPI Maturity USD 17,000,000 05/20/23 -- -- 692,360 692,360 Citibank, N.A.. 1.718% Fixed CPI Maturity USD 16,000,000 05/27/20 -- -- 370,109 370,109 Citibank, N.A.. 1.698% Fixed CPI Maturity USD 22,000,000 06/02/22 -- -- 812,121 812,121 Citibank, N.A.. 1.581% Fixed CPI Maturity USD 10,000,000 12/28/20 -- -- 263,287 263,287 Citibank, N.A.. 1.578% Fixed CPI Maturity USD 25,000,000 08/09/23 -- -- 1,227,128 1,227,128 Citibank, N.A.. 1.577% Fixed CPI Maturity USD 10,000,000 11/18/21 -- -- 321,513 321,513 Citibank, N.A.. 1.555% Fixed CPI Maturity USD 10,000,000 12/11/20 -- -- 272,112 272,112 Citibank, N.A.. 1.533% Fixed CPI Maturity USD 10,000,000 11/10/20 -- -- 258,947 258,947 Citibank, N.A.. 1.520% Fixed CPI Maturity USD 24,000,000 08/01/21 -- -- 860,911 860,911 Citibank, N.A.. 1.481% Fixed CPI Maturity USD 17,000,000 08/18/21 -- -- 626,458 626,458 Citibank, N.A.. 1.253% Fixed CPI Maturity USD 12,000,000 02/11/22 -- -- 667,611 667,611 Citibank, N.A.. 1.253% Fixed CPI Maturity USD 12,000,000 01/20/19 -- -- 282,497 282,497 -- -- ----------- ----------- TOTAL.......... -- -- $19,290,857 $19,290,857 == == =========== ===========
122 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Municipal Bonds... -- $772,772,754 -- $772,772,754 Swap Agreements**. -- 19,290,857 -- 19,290,857 -- ------------ -- ------------ TOTAL............. -- $792,063,611 -- $792,063,611 == ============ == ============
**Valued at the unrealized appreciation/(depreciation) on the investment. See accompanying Notes to Financial Statements. 123 DFA CALIFORNIA MUNICIPAL REAL RETURN PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ------ ------ (000) MUNICIPAL BONDS -- (100.0%) CALIFORNIA -- (100.0%) Albany Unified School District (GO) 5.000%, 08/01/25............................. $ 230 $ 271,230 Alhambra Unified School District (GO) Series B 5.000%, 08/01/23............................. 100 114,281 Anaheim Housing & Public Improvements Authority (RB) (currency) 5.000%, 10/01/41 (Pre-refunded @ $100, 10/1/21)..................................... 520 572,307 Bay Area Toll Authority (RB) Series S-4 (currency) 5.250%, 04/01/53 (Pre-refunded @ $100, 4/1/23)...................................... 250 286,330 Beverly Hills Unified School District (GO) 2.000%, 08/01/22............................. 150 150,242 Burbank Unified School District (GO) 5.000%, 08/01/24............................. 565 657,570 California State (GO) 5.000%, 12/01/22............................. 500 562,300 5.000%, 08/01/23............................. 585 665,736 5.000%, 10/01/25............................. 1,200 1,411,620 5.000%, 08/01/26............................. 1,540 1,829,043 5.000%, 08/01/26............................. 175 207,846 5.000%, 09/01/26............................. 2,410 2,864,478 3.500%, 08/01/27............................. 2,835 3,060,382 5.000%, 08/01/27............................. 4,200 5,050,416 5.000%, 11/01/27............................. 200 241,286 California State (GO) Series A (currency) 5.250%, 07/01/21 (Pre-refunded @ $100, 7/1/19)...................................... 365 379,863 California State (GO) Series A (ETM) 5.000%, 07/01/19............................. 150 155,678 California State Department of Water Resources (RB) Series AS 5.000%, 12/01/24............................. 775 907,773 California State Department of Water Resources Power Supply Revenue (RB) Series L 5.000%, 05/01/19............................. 250 258,350 California State Department of Water Resources Power Supply Revenue (RB) Series O 5.000%, 05/01/21............................. 1,225 1,337,002 5.000%, 05/01/22............................. 1,295 1,446,178 California State Public Works Board (RB) Series C-1 (currency) 5.000%, 03/01/22 (Pre-refunded @ $100, 3/1/20)...................................... 310 327,834
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) California State Public Works Board (RB) Series D (currency) 5.000%, 09/01/24 (Pre-refunded @ $100, 9/1/22)...................................... $ 935 $1,050,370 (currency) 5.000%, 09/01/29 (Pre-refunded @ $100, 9/1/22)...................................... 1,250 1,404,237 California State University (RB) Series A 5.000%, 11/01/23............................. 375 430,762 Camrosa Water District Financing Authority (RB) Series A 4.000%, 01/15/22............................. 205 219,633 Carlsbad Unified School District (GO) 5.000%, 08/01/26............................. 310 371,510 City & County of San Francisco (GO) Series E 5.000%, 06/15/22............................. 200 223,944 City & County of San Francisco (GO) Series R1 5.000%, 06/15/19............................. 375 388,954 City of Grover Beach (GO) 5.000%, 09/01/22............................. 390 437,950 5.000%, 09/01/26............................. 345 413,793 5.000%, 09/01/27............................. 445 542,023 City of Long Beach Harbor Revenue (RB) Series C 5.000%, 11/15/18............................. 400 407,012 City of Los Angeles (GO) Series B 5.000%, 09/01/19............................. 150 156,563 City of Pacifica 5.000%, 01/01/24............................. 250 282,807 City of Pittsburg Water Revenue (RB) Series A 5.000%, 08/01/24............................. 275 318,835 City of San Francisco Public Utilities Commission Water Revenue (RB) 5.000%, 11/01/23............................. 210 241,697 5.000%, 11/01/24............................. 1,000 1,169,980 City of San Francisco Public Utilities Commission Water Revenue (RB) Series D 5.000%, 11/01/25............................. 220 262,027 5.000%, 11/01/26............................. 150 180,456 Cloverdale Unified School District (GO) Series A (AGM) (currency) 5.250%, 08/01/32 (Pre-refunded @ $100, 8/1/21)...................................... 235 259,593 Contra Costa Transportation Authority (RB) Series A 5.000%, 03/01/23............................. 260 295,225 5.000%, 03/01/24............................. 750 866,077
124 DFA CALIFORNIA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) Contra Costa Water District (RB) Series U 5.000%, 10/01/19............................. $ 100 $ 104,633 Culver City Unified School District (GO) Series C 8.000%, 08/01/23............................. 460 592,301 Desert Sands Unified School District (GO) Series A 5.000%, 06/01/23............................. 375 427,530 Dixie School District (GO) 5.000%, 08/01/21............................. 500 548,740 Dublin-San Ramon Services District Water Revenue (RB) (currency) 5.500%, 08/01/34 (Pre-refunded @ $100, 2/1/21)...................................... 1,425 1,562,042 El Monte Union High School District (GO) 5.000%, 06/01/24............................. 250 289,015 Elsinore Valley Municipal Water District Financing Authority (RB) Series A 5.000%, 07/01/24............................. 100 116,430 Emery Unified School District (GO) 5.000%, 08/01/27............................. 600 728,106 Grossmont Healthcare District (GO) Series C 5.000%, 07/15/23............................. 1,000 1,141,660 Grossmont Union High School District (GO) 5.000%, 08/01/21............................. 200 219,496 Kern High School District (GO) Series E 4.000%, 08/01/24............................. 200 220,286 Los Angeles County Metropolitan Transportation Authority (RB) (currency) 5.000%, 07/01/23 (Pre-refunded @ $100, 7/1/21)...................................... 1,000 1,094,730 Los Angeles County Metropolitan Transportation Authority (RB) Series A 5.000%, 07/01/19............................. 1,200 1,247,400 5.000%, 07/01/24............................. 300 349,290 Los Angeles Department of Water (RB) Series A 5.000%, 07/01/25............................. 1,000 1,185,340 Los Angeles Department of Water & Power (RB) Series A 5.000%, 07/01/19............................. 300 311,604 Los Angeles Department of Water & Power Power System Revenue (RB) Series B 5.000%, 07/01/26............................. 400 481,608
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) Los Angeles Unified School District (GO) Series A 5.000%, 07/01/24............................. $1,280 $1,487,104 5.000%, 07/01/26............................. 630 754,375 5.000%, 07/01/27............................. 480 583,421 Los Angeles Unified School District (GO) Series B-1 5.000%, 07/01/27............................. 175 212,706 Los County Angeles (RN) 5.000%, 06/29/18............................. 2,050 2,060,844 Los Rios Community College District (GO) Series F 2.000%, 08/01/20............................. 200 201,050 Merced Community College District (GO) 4.000%, 08/01/19............................. 200 205,800 Mesa Water District (currency) 5.000%, 03/15/22 (Pre-refunded @ $100, 3/15/20)..................................... 500 528,895 Millbrae Public Financing Authority (RB) 5.000%, 12/01/25............................. 390 461,967 5.000%, 12/01/26............................. 265 318,138 5.000%, 12/01/27............................. 385 468,741 Morongo Unified School District (GO) Series A 5.000%, 08/01/25............................. 20 23,468 5.000%, 08/01/26............................. 280 332,553 5.000%, 08/01/27............................. 130 156,442 Mount Diablo Unified School District (GO) Series G 3.000%, 08/01/24............................. 130 135,805 New Haven Unified School District (GO) 5.000%, 08/01/26............................. 150 179,390 Northern California Transmission Agency (RB) 5.000%, 05/01/24............................. 280 321,112 Northern Humboldt Union High School District (GO) 4.000%, 08/01/25............................. 120 133,543 Novato Sanitary District (RB) 5.000%, 02/01/22............................. 340 377,159 Oak Park Unified School District (GO) 4.000%, 08/01/22............................. 200 215,866 Oakdale Joint Unified School District (GO) 4.000%, 08/01/23............................. 400 436,732 4.000%, 08/01/24............................. 175 192,644 Oakland Unified School District/ Alameda County (GO) 5.000%, 08/01/24............................. 750 869,550 Oakland Unified School District/ Alameda County (GO) Series C 5.000%, 08/01/24............................. 510 591,294
125 DFA CALIFORNIA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) Ontario Montclair School District (GO) Series B (AGM) 5.000%, 08/01/21............................. $ 160 $ 175,437 Otay Water District (RB) 5.000%, 09/01/22............................. 740 829,999 Pacific Grove Unified School District (GO) 3.000%, 08/01/26............................. 210 220,015 Pajaro Valley Unified School District (GO) Series D 4.000%, 08/01/19............................. 370 380,589 Placentia-Yorba Linda Unified School District (GO) 5.000%, 08/01/23............................. 205 233,948 Port of Los Angeles (RB) Series A 5.000%, 08/01/19............................. 1,000 1,040,910 Redondo Beach Unified School District (GO) Series A (AGM) 5.000%, 08/01/23............................. 255 290,871 Reed Union School District (GO) 4.000%, 08/01/26............................. 250 281,355 Regents of the University of California Medical Center Pooled Revenue (RB) Series J (currency) 5.000%, 05/15/25 (Pre-refunded @ $100, 5/15/23)..................................... 530 602,541 (currency) 5.250%, 05/15/27 (Pre-refunded @ $100, 5/15/23)..................................... 260 298,675 Riverside County (RN) 2.000%, 06/29/18............................. 225 225,144 Ross Valley Public Financing Authority (RB) 5.000%, 01/01/25............................. 410 479,675 Sacramento County Sanitation Districts Financing Authority (RB) Series A (NATL) 5.250%, 12/01/20............................. 510 553,222 Sacramento Municipal Utility District (RB) Series D 5.000%, 08/15/22............................. 1,350 1,516,117 Sacramento Municipal Utility District (RB) Series E 5.000%, 08/15/23............................. 350 400,711 Sacramento Municipal Utility District (RB) Series U (AGM) 4.000%, 08/15/18............................. 175 176,225 San Diego Community College District (GO) 5.000%, 08/01/23............................. 500 572,205 5.000%, 08/01/26............................. 275 330,250 San Diego Public Facilities Financing Authority Sewer Revenue (RB) Series A (currency) 5.250%, 05/15/39 (Pre-refunded @ $100, 5/15/19)..................................... 475 492,342
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) San Diego Unified School District (GO) Series F-1 (AGM) 5.250%, 07/01/27............................. $ 475 $ 588,397 San Diego Unified School District (GO) Series R-5 5.000%, 07/01/26............................. 200 240,308 San Diego Unified School District (RAN) Series A 3.000%, 06/29/18............................. 1,700 1,703,689 San Francisco Bay Area Rapid Transit District (GO) 5.000%, 08/01/20............................. 1,030 1,103,418 San Francisco Community College District (GO) 5.000%, 06/15/24............................. 125 144,391 San Francisco County Transportation Authority (RB) 3.000%, 02/01/22............................. 1,300 1,348,594 San Gabriel Unified School District (GO) Series A 5.000%, 08/01/25............................. 230 271,230 San Lorenzo Unified School District (GO) 5.000%, 08/01/21............................. 140 153,507 Santa Clara Unified School District (GO) 5.000%, 07/01/19............................. 1,200 1,245,984 Santa County Clara (GO) Series C 5.000%, 08/01/26............................. 1,100 1,320,088 Santa Paula Union High School District (GO) Series A 5.000%, 08/01/19............................. 260 270,473 Santee School District (GO) 5.000%, 08/01/24............................. 290 336,043 Savanna School District (GO) Series A (AGC) (currency) 4.750%, 08/01/30 (Pre-refunded @ $100, 8/1/19)...................................... 1,000 1,036,700 Scotts Valley Unified School District (GO) Series B 4.000%, 08/01/24............................. 150 165,399 4.000%, 08/01/25............................. 250 278,745 5.000%, 08/01/26............................. 250 299,605 Southwestern Community College District (GO) Series B 4.000%, 08/01/25............................. 250 278,745 Sylvan Union School District (GO) Series C 5.000%, 08/01/25............................. 380 448,119 Tahoe-Truckee Unified School District (GO) 5.000%, 08/01/26............................. 100 119,842 Tahoe-Truckee Unified School District (GO) Series C 2.000%, 08/01/20............................. 1,190 1,195,986
126 DFA CALIFORNIA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) University of California (RB) Series AF (currency) 5.000%, 05/15/27 (Pre-refunded @ $100, 5/15/23)............................... $1,550 $ 1,758,180 Washington Union School District/ Monterey County (GO) 5.000%, 08/01/27............................. 135 163,824 West Valley-Mission Community College District (GO) Series B 5.000%, 08/01/27............................. 220 267,991 ----------- TOTAL MUNICIPAL BONDS.................................... 78,389,492 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $79,992,752)..................................... $78,389,492 ===========
At April 30, 2018, DFA California Municipal Real Return Portfolio had entered into the following outstanding Inflation Swaps:
PAYMENTS PAYMENTS UPFRONT UPFRONT UNREALIZED MADE RECEIVED PAYMENT NOTIONAL EXPIRATION PREMIUMS PREMIUMS MARKET APPRECIATION COUNTERPARTY BY FUND BY FUND FREQUENCY AMOUNT DATE PAID RECEIVED VALUE (DEPRECIATION) ---------------- ------------ -------- --------- -------------- ---------- -------- -------- -------- -------------- Bank of America Corp........... 2.265% Fixed CPI Maturity USD 7,000,000 02/23/24 -- -- $ 30,001 $ 30,001 Bank of America Corp........... 2.063% Fixed CPI Maturity USD 4,000,000 11/08/23 -- -- 74,052 74,052 Bank of America Corp........... 2.060% Fixed CPI Maturity USD 11,000,000 11/06/21 -- -- 128,481 128,481 Bank of America Corp........... 2.058% Fixed CPI Maturity USD 11,000,000 12/12/22 -- -- 138,837 138,837 Citibank, N.A... 2.225% Fixed CPI Maturity USD 6,000,000 03/26/23 -- -- 19,254 19,254 Citibank, N.A... 2.160% Fixed CPI Maturity USD 7,000,000 01/09/23 -- -- 56,545 56,545 Citibank, N.A... 2.143% Fixed CPI Maturity USD 8,000,000 01/18/22 -- -- 46,542 46,542 Citibank, N.A... 2.075% Fixed CPI Maturity USD 5,000,000 12/06/23 -- -- 75,816 75,816 Citibank, N.A... 2.065% Fixed CPI Maturity USD 4,000,000 11/09/21 -- -- 44,029 44,029 Citibank, N.A... 2.054% Fixed CPI Maturity USD 10,000,000 11/06/22 -- -- 155,086 155,086 Citibank, N.A... 2.043% Fixed CPI Maturity USD 6,000,000 11/07/22 -- -- 95,184 95,184 -- -- -------- -------- TOTAL........... -- -- $863,827 $863,827 == == ======== ========
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ----------- ------- ----------- Municipal Bonds... -- $78,389,492 -- $78,389,492 Swap Agreements**. -- 863,827 -- 863,827 -- ----------- -- ----------- TOTAL............. -- $79,253,319 -- $79,253,319 == =========== == ===========
**Valued at the unrealized appreciation/(depreciation) on the investment. See accompanying Notes to Financial Statements. 127 DFA MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ------ ------ (000) MUNICIPAL BONDS -- (100.0%) ALABAMA -- (0.6%) Alabama State (GO) Series A 5.000%, 08/01/20.............................. $ 200 $ 213,524 5.000%, 08/01/21.............................. 1,000 1,092,850 5.000%, 08/01/23.............................. 300 340,446 Baldwin County (GO) 4.000%, 05/01/20.............................. 610 634,742 ---------- TOTAL ALABAMA...................................... 2,281,562 ---------- ALASKA -- (0.4%) Alaska State (GO) Series B 5.000%, 08/01/20.............................. 290 309,149 Borough of Fairbanks North Star (GO) Series S 4.000%, 10/01/21.............................. 560 594,675 City of Anchorage (GO) Series A 3.000%, 09/01/22.............................. 765 787,575 ---------- TOTAL ALASKA....................................... 1,691,399 ---------- ARIZONA -- (0.4%) City of Chandler (GO) 3.000%, 07/01/20.............................. 550 562,876 City of Phoenix (GO) 4.000%, 07/01/21.............................. 500 529,710 Maricopa County School District No. 3 Tempe Elementary (GO) 3.000%, 07/01/21.............................. 550 565,064 ---------- TOTAL ARIZONA...................................... 1,657,650 ---------- ARKANSAS -- (0.7%) Arkansas State (GO) 5.000%, 04/01/21.............................. 400 433,560 5.000%, 06/15/21.............................. 1,250 1,361,638 5.000%, 04/01/22.............................. 1,110 1,229,003 ---------- TOTAL ARKANSAS..................................... 3,024,201 ---------- CALIFORNIA -- (1.8%) California State (GO) 5.000%, 09/01/26.............................. 1,195 1,420,353 3.500%, 08/01/27.............................. 5,000 5,397,500 City of Los Angeles (RN) 5.000%, 06/28/18.............................. 400 402,124 ---------- TOTAL CALIFORNIA................................... 7,219,977 ---------- COLORADO -- (1.5%) Boulder Valley School District No. Re-2 Boulder (GO) Series B (ST AID WITHHLDG) 4.000%, 12/01/24.............................. 1,000 1,096,210 Denver City & County School District No. 1 (GO) Series B (ST AID WITHHLDG) 5.000%, 12/01/24.............................. 550 636,196
FACE AMOUNT VALUE+ ------ ------ (000) COLORADO -- (Continued) Pueblo City Schools (GO) (ST AID WITHHLDG) 5.000%, 12/15/20.............................. $ 550 $ 592,328 Weld County School District No. RE-4 (GO) (ST INTERCEPT) 4.000%, 12/01/22.............................. 1,140 1,223,266 5.000%, 12/01/24.............................. 2,280 2,614,909 ---------- TOTAL COLORADO..................................... 6,162,909 ---------- CONNECTICUT -- (0.3%) Connecticut State (GO) Series E 4.000%, 09/15/20.............................. 550 570,399 Hartford County Metropolitan District (GO) 5.000%, 03/01/19.............................. 600 614,388 ---------- TOTAL CONNECTICUT.................................. 1,184,787 ---------- DELAWARE -- (0.6%) Kent County (GO) 4.000%, 09/01/24.............................. 415 453,516 New Castle County (GO) 5.000%, 10/01/23.............................. 1,600 1,823,072 ---------- TOTAL DELAWARE..................................... 2,276,588 ---------- DISTRICT OF COLUMBIA -- (0.8%) District of Columbia (GO) Series B (AGM) 5.250%, 06/01/18.............................. 1,300 1,303,679 Washington Metropolitan Area Transit Authority (RB) Series B 5.000%, 07/01/25.............................. 720 836,345 5.000%, 07/01/27.............................. 1,000 1,189,150 ---------- TOTAL DISTRICT OF COLUMBIA......................... 3,329,174 ---------- FLORIDA -- (2.0%) City of Port State Lucie (GO) 5.000%, 07/01/20.............................. 420 445,624 Flagler County (GO) (BAM) 5.000%, 07/01/22.............................. 465 514,760 Florida State Board of Education (GO) Series A 5.000%, 06/01/18.............................. 725 726,914 5.000%, 06/01/19.............................. 100 103,473 5.000%, 06/01/24.............................. 350 401,621 Florida's Turnpike Enterprise (RB) Series B 5.000%, 07/01/19.............................. 1,135 1,176,484 Miami-Dade County (GO) Series D 5.000%, 07/01/20.............................. 2,000 2,127,260
128 DFA MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) FLORIDA -- (Continued) Orange County Water Utility System Revenue (RB) 5.000%, 10/01/21.............................. $ 525 $ 575,442 Orlando Utilities Commission (RB) Series C 5.250%, 10/01/22.............................. 1,000 1,127,160 Palm Beach County (RB) 5.000%, 11/01/23.............................. 810 920,533 ----------- TOTAL FLORIDA...................................... 8,119,271 ----------- GEORGIA -- (3.5%) Cobb County School District 2.000%, 12/20/18.............................. 1,000 1,002,450 Columbia County School District (GO) (ST AID WITHHLDG) 5.000%, 04/01/20.............................. 1,305 1,381,421 Georgia State 5.000%, 12/01/21.............................. 3,000 3,305,070 Georgia State (GO) Series C 5.000%, 07/01/19.............................. 2,000 2,074,280 Georgia State (GO) Series E 5.000%, 12/01/26.............................. 2,000 2,394,180 Georgia State Road & Tollway Authority (RB) (GTD) 5.000%, 10/01/23.............................. 3,455 3,940,462 ----------- TOTAL GEORGIA...................................... 14,097,863 ----------- HAWAII -- (1.8%) City & County of Honolulu (GO) Series B 5.000%, 10/01/23.............................. 150 170,175 5.000%, 10/01/25.............................. 725 848,018 Hawaii County (GO) Series B 5.000%, 09/01/18.............................. 420 424,523 Hawaii County (GO) Series D 5.000%, 09/01/20.............................. 1,375 1,470,054 Hawaii State (GO) Series DQ 5.000%, 06/01/19.............................. 300 310,224 Hawaii State (GO) Series EE 5.000%, 11/01/20.............................. 1,300 1,395,862 Hawaii State (GO) Series FE 5.000%, 10/01/24.............................. 1,005 1,160,102 Maui County (GO) 5.000%, 06/01/18.............................. 1,560 1,564,103 ----------- TOTAL HAWAII....................................... 7,343,061 ----------- IDAHO -- (0.2%) Idaho State (TAN) 4.000%, 06/29/18.............................. 1,000 1,003,740 ----------- INDIANA -- (0.7%) Indiana University (RB) Series A 5.000%, 06/01/21.............................. 2,755 2,999,837 -----------
FACE AMOUNT VALUE+ ------ ------ (000) IOWA -- (0.8%) City of Davenport (GO) Series C 4.000%, 06/01/24............................. $1,410 $1,530,259 Iowa Finance Authority (RB) (currency) 5.000%, 08/01/20 (Pre-refunded @ $100, 8/1/19).............................. 500 519,440 State of Iowa (RB) Series A (ETM) 5.000%, 06/01/18............................. 1,115 1,117,943 ---------- TOTAL IOWA............................................... 3,167,642 ---------- KANSAS -- (1.4%) City of Merriam (GO) 5.000%, 10/01/25............................. 800 938,112 City of Topeka Series A 3.000%, 10/01/18............................. 235 236,300 City of Wichita (GO) Series 811 5.000%, 06/01/22............................. 550 609,780 Johnson County (GO) Series B 5.000%, 09/01/22............................. 650 725,335 Johnson County Unified School District No. 229 Blue Valley (GO) Series A 5.000%, 10/01/26............................. 225 266,688 Johnson County Unified School District No. 229 Blue Valley (GO) Series B 5.000%, 10/01/23............................. 750 854,152 Saline County Unified School District No. 305 Salina (GO) 5.000%, 09/01/20............................. 1,900 2,032,259 ---------- TOTAL KANSAS............................................. 5,662,626 ---------- KENTUCKY -- (2.4%) Kentucky State Economic Development Finance Authority (RB) Series A (currency) 5.000%, 05/01/24 (Pre-refunded @ $100, 5/1/19).............................. 2,300 2,370,104 Louisville & Jefferson County (GO) Series B 5.000%, 11/01/21............................. 1,700 1,862,996 Louisville & Jefferson County (RB) 5.000%, 12/01/35 (Pre-refunded @ $100, 6/1/22).............................. 2,200 2,440,922 Louisville & Jefferson County Metropolitan Sewer District (RB) Series C 5.000%, 05/15/23............................. 1,850 2,081,546 Louisville Water Co. (RB) Series A 4.000%, 11/15/21............................. 800 850,976 ---------- TOTAL KENTUCKY........................................... 9,606,544 ----------
129 DFA MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) LOUISIANA -- (0.1%) Louisiana State (GO) Series C 5.000%, 08/01/23............................. $ 500 $ 563,190 ----------- MAINE -- (0.3%) Maine State (GO) Series B 5.000%, 06/01/23............................. 1,000 1,130,800 ----------- MARYLAND -- (6.3%) Anne Arundel County (GO) 5.000%, 10/01/20............................. 500 535,660 Baltimore County (BAN) 4.000%, 03/18/19............................. 3,500 3,569,090 Baltimore County (GO) 5.000%, 08/01/20............................. 750 800,550 5.000%, 08/01/22............................. 600 668,520 5.000%, 03/01/28............................. 1,335 1,616,471 Carroll County (GO) 5.000%, 11/01/21............................. 550 603,708 City of Baltimore (GO) Series B 5.000%, 10/15/27............................. 1,025 1,229,026 Harford County (GO) Series A 5.000%, 09/15/20............................. 570 610,328 Howard County (GO) Series D 5.000%, 02/15/24............................. 1,300 1,486,069 Maryland State (GO) 5.000%, 06/01/22............................. 1,175 1,305,131 5.000%, 06/01/23............................. 3,000 3,393,930 Maryland State (GO) Series B 5.000%, 08/01/20............................. 1,000 1,066,940 4.000%, 08/01/23............................. 850 922,335 Maryland State (GO) Series C 5.000%, 11/01/19............................. 915 957,785 5.000%, 08/01/20............................. 700 746,858 Maryland State (GO) Series C-2 5.000%, 08/01/22............................. 1,000 1,114,200 Montgomery County (GO) Series B 5.000%, 12/01/21............................. 350 384,829 Montgomery County (GO) Series D 3.000%, 11/01/23............................. 3,000 3,109,440 Washington Suburban Sanitary Commission (GO) 5.000%, 06/01/24............................. 655 752,405 Worcester County (GO) Series B 4.000%, 08/01/21............................. 1,000 1,058,670 ----------- TOTAL MARYLAND................................... 25,931,945 ----------- MASSACHUSETTS -- (3.2%) City of Lowell (GO) (ST AID WITHHLDG) 4.000%, 09/01/23............................. 250 268,858 City of Quincy (BAN) 2.500%, 01/18/19............................. 1,000 1,005,070
FACE AMOUNT VALUE+ ------ ------ (000) MASSACHUSETTS -- (Continued) City of Somerville (BAN) 2.000%, 06/08/18............................. $1,250 $ 1,250,538 City of Springfield (GO) Series C (ST AID WITHHLDG) 4.000%, 08/01/23............................. 285 308,079 Commonwealth of Massachusetts (GO) Series A 5.000%, 07/01/26............................. 1,250 1,474,388 Commonwealth of Massachusetts (GO) Series B (AGM) 5.250%, 09/01/24............................. 400 465,548 Commonwealth of Massachusetts (GO) Series C 5.000%, 08/01/20............................. 100 106,648 5.000%, 10/01/21............................. 1,750 1,916,320 Massachusetts Dev. Finance Agency (RB) (currency) 6.750%, 01/01/36 (Pre-refunded @ $100, 1/1/21).............................. 2,865 3,194,847 Massachusetts Health & Educational Facilities Authority (RB) Series E-2 (currency) 5.375%, 07/01/22 (Pre-refunded @ $100, 7/1/18).............................. 845 849,994 Tantasqua Regional School District (GO) 5.000%, 10/01/19............................. 1,360 1,418,330 Town of Holbrook (GO) 5.000%, 12/01/21............................. 755 829,035 ----------- TOTAL MASSACHUSETTS...................................... 13,087,655 ----------- MICHIGAN -- (1.9%) Michigan Finance Authority (RB) Series A 5.000%, 01/01/19............................. 1,500 1,532,505 Michigan State Trunk Line Revenue (RB) 5.000%, 11/15/18............................. 2,515 2,558,409 Michigan State Trunk Line Revenue (RB) (AGM) 5.500%, 11/01/21............................. 3,275 3,648,579 ----------- TOTAL MICHIGAN........................................... 7,739,493 ----------- MINNESOTA -- (3.4%) Bloomington Independent School District No. 271 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21............................. 1,100 1,187,450 City of Rochester (GO) Series A 5.000%, 02/01/20............................. 150 158,082 City of State Paul (GO) Series B 5.000%, 11/01/20............................. 100 107,424
130 DFA MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) MINNESOTA -- (Continued) Elk River Independent School District No. 728 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21............................. $ 520 $ 560,612 Elk River Independent School District No. 728 (GO) Series C (SD CRED PROG) 5.000%, 02/01/21............................. 3,000 3,234,300 Hennepin County (GO) Series B 5.000%, 12/01/21............................. 350 385,466 Housing & Redevelopment Authority of The City of State Paul Minnesota (RB) (currency) 5.250%, 11/15/29 (Pre-refunded @ $100, 11/15/19)............................ 2,000 2,099,080 Minnesota State (GO) Series B 5.000%, 10/01/19............................. 600 626,502 Minnesota State (GO) Series E 5.000%, 08/01/22............................. 760 846,465 4.000%, 10/01/22............................. 3,000 3,225,900 State Paul Independent School District No. 625 (GO) Series B (SD CRED PROG) 5.000%, 02/01/21............................. 1,425 1,537,888 ----------- TOTAL MINNESOTA.......................................... 13,969,169 ----------- MISSISSIPPI -- (0.3%) Mississippi State (GO) Series C 5.000%, 10/01/18............................. 825 835,956 5.000%, 10/01/20............................. 500 535,415 ----------- TOTAL MISSISSIPPI........................................ 1,371,371 ----------- MISSOURI -- (0.8%) Cass County Reorganized School District No. R-2 (GO) (ST AID DIR DEP) 5.000%, 03/01/21............................. 1,110 1,200,532 Columbia School District (GO) Series B 5.000%, 03/01/25............................. 1,725 2,013,040 ----------- TOTAL MISSOURI........................................... 3,213,572 ----------- MONTANA -- (0.1%) City & County of Butte-Silver Bow (GO) 4.000%, 07/01/21............................. 500 528,135 ----------- NEBRASKA -- (1.5%) Lancaster County School District 001 (GO) 5.000%, 01/15/21............................. 700 753,809
FACE AMOUNT VALUE+ ------ ------ (000) NEBRASKA -- (Continued) Metropolitan Utilities District of Omaha (RB) 5.000%, 12/01/20............................. $ 300 $ 322,599 Omaha School District (GO) 5.000%, 12/15/25............................. 4,000 4,692,800 Southern Public Power District (RB) 5.000%, 12/15/21............................. 400 438,896 ---------- TOTAL NEBRASKA........................................... 6,208,104 ---------- NEVADA -- (2.1%) Clark County School District (GO) Series A 5.000%, 06/15/21............................. 1,250 1,349,437 Clark County Water Reclamation District (GO) Series A (currency) 5.250%, 07/01/34 (Pre-refunded @ $100, 7/1/19)................................ 2,320 2,409,807 Nevada State (GO) Series C 5.000%, 11/01/24............................. 450 517,082 Nevada State (GO) Series D-1 5.000%, 03/01/22............................. 250 275,768 Washoe County School District (GO) Series A 3.000%, 06/01/19............................. 550 556,198 Washoe County School District (GO) Series D 5.000%, 06/01/21............................. 3,335 3,612,639 ---------- TOTAL NEVADA............................................. 8,720,931 ---------- NEW HAMPSHIRE -- (1.0%) City of Dover (GO) 3.000%, 06/15/20............................. 610 623,609 City of Nashua (GO) 4.000%, 07/15/24............................. 770 839,662 City of Portsmouth (BAN) 3.000%, 06/22/18............................. 2,200 2,204,290 New Hampshire State (GO) Series B 5.000%, 06/01/19............................. 250 258,627 ---------- TOTAL NEW HAMPSHIRE...................................... 3,926,188 ---------- NEW JERSEY -- (2.0%) City of Hoboken (GO) 3.000%, 02/01/23............................. 2,000 2,049,880 3.000%, 02/01/25............................. 910 928,974 Middlesex County (GO) 4.000%, 01/15/21............................. 1,210 1,273,985 Montville Township (GO) 3.000%, 10/01/25............................. 500 517,160 Princeton (GO) 3.000%, 09/15/24............................. 1,515 1,569,282
131 DFA MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) NEW JERSEY -- (Continued) Township of Parsippany-Troy Hills (GO) Series ABCD 2.000%, 09/15/21............................. $2,000 $1,987,060 ---------- TOTAL NEW JERSEY......................................... 8,326,341 ---------- NEW MEXICO -- (1.6%) New Mexico State (GO) 5.000%, 03/01/21............................. 1,000 1,080,120 New Mexico State Severance Tax Permanent Fund (RB) Series A 5.000%, 07/01/27............................. 4,000 4,760,200 Santa Fe County (GO) 5.000%, 07/01/22............................. 710 789,264 ---------- TOTAL NEW MEXICO......................................... 6,629,584 ---------- NEW YORK -- (5.4%) City of New York (GO) Series A 5.000%, 08/01/24............................. 100 114,497 City of New York (GO) Series B 5.000%, 08/01/19............................. 100 103,939 City of New York (GO) Series E 5.000%, 08/01/19............................. 250 259,847 5.000%, 08/01/19............................. 1,675 1,740,978 5.000%, 08/01/21............................. 265 288,906 City of New York (GO) Series F 5.000%, 08/01/21............................. 450 490,594 City of New York (GO) Series F-1 5.000%, 06/01/21............................. 825 896,255 Corning City School District (BAN) (ST AID WITHHLDG) 2.000%, 06/21/18............................. 675 675,209 Corning City School District (GO) (ST AID WITHHLDG) 5.000%, 06/15/19............................. 250 258,823 Long Island Power Authority (RB) Series A BHAC-CR (BHAC-CR) (currency) 6.000%, 05/01/33 (Pre-refunded @ $100, 5/1/19).............................. 600 625,158 Metropolitan Transportation Authority (RB) 5.000%, 11/15/25............................. 1,275 1,474,678 Middle Country Central School District (GO) (ST AID WITHHLDG) 2.000%, 08/15/21............................. 400 399,868 Middletown City School District (GO) (ST AID WITHHLDG) 2.000%, 06/15/20............................. 760 761,566 New York State Dormitory Authority (RB) (currency) 6.250%, 12/01/37 (Pre-refunded @ $100, 12/1/18)............................. 250 256,420
FACE AMOUNT VALUE+ ------ ------ (000) NEW YORK -- (Continued) New York State Dormitory Authority (RB) Series A 5.000%, 03/15/19............................. $ 350 $ 359,733 5.000%, 03/15/21............................. 1,000 1,083,230 5.000%, 03/15/23............................. 600 676,272 5.000%, 02/15/25............................. 500 577,220 New York State Dormitory Authority (RB) Series B 5.000%, 02/15/22............................. 800 882,144 5.000%, 02/15/24............................. 300 341,547 New York State Dormitory Authority (RB) Series C 5.000%, 03/15/19............................. 250 256,953 New York State Urban Development Corp. (RB) Series A 5.000%, 03/15/20............................. 810 855,733 5.000%, 03/15/25............................. 500 578,095 North Shore Central School District (GO) (ST AID WITHHLDG) 2.000%, 12/15/23............................. 315 311,850 Riverhead Central School District (GO) (ST AID WITHHLDG) 2.000%, 10/15/22............................. 540 538,169 Triborough Bridge & Tunnel Authority (RB) 4.000%, 11/15/27............................. 1,500 1,677,690 Triborough Bridge & Tunnel Authority (RB) Series B 5.000%, 11/15/18............................. 325 330,769 5.000%, 11/15/20............................. 4,700 5,053,017 ----------- TOTAL NEW YORK........................................... 21,869,160 ----------- NORTH CAROLINA -- (2.8%) City of Charlotte Water & Sewer System Revenue (RB) 5.000%, 07/01/19............................. 3,000 3,108,960 New Hanover County (GO) 5.000%, 02/01/23............................. 1,550 1,746,060 North Carolina Eastern Municipal Power Agency (RB) Series B (NATL-IBC) (ETM) 6.000%, 01/01/22............................. 1,725 1,947,318 North Carolina Medical Care Commission (RB) Series D (currency) 6.250%, 12/01/33 (Pre-refunded @ $100, 12/1/18)............................... 1,000 1,025,330 North Carolina State (GO) Series B 5.000%, 06/01/25............................. 1,405 1,645,536 North Carolina State (GO) Series D 4.000%, 06/01/23............................. 350 380,121 Wake County (GO) 5.000%, 03/01/19............................. 160 164,318 5.000%, 09/01/21............................. 1,300 1,424,579 ----------- TOTAL NORTH CAROLINA..................................... 11,442,222 -----------
132 DFA MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) NORTH DAKOTA -- (0.5%) City of West Fargo (GO) Series A 5.000%, 05/01/24............................. $1,150 $ 1,308,504 North Dakota State University of Agriculture & Applied Science (RB) Series A 5.000%, 04/01/21............................. 500 538,855 ----------- TOTAL NORTH DAKOTA............................... 1,847,359 ----------- OHIO -- (2.5%) City of Columbus (GO) Series A 3.000%, 07/01/22............................. 835 860,417 City of Columbus (GO) Series B 5.000%, 02/15/23............................. 475 533,710 Hamilton County Sewer System Revenue (RB) Series A 5.000%, 12/01/21............................. 500 549,030 Ohio State (GO) Series A 5.000%, 09/15/21............................. 800 874,520 5.000%, 08/01/22............................. 1,000 1,112,050 5.000%, 09/15/22............................. 750 836,018 5.000%, 02/01/24............................. 2,820 3,212,939 Ohio State (GO) Series B 5.000%, 06/15/22............................. 450 499,352 Ohio State Water Development Authority (RB) Series A 5.000%, 06/01/21............................. 1,550 1,688,709 ----------- TOTAL OHIO....................................... 10,166,745 ----------- OKLAHOMA -- (0.6%) City of Oklahoma City (GO) 4.000%, 03/01/25............................. 1,255 1,375,806 Tulsa County Independent School District No. 1 Tulsa (GO) Series C 2.000%, 07/01/19............................. 1,000 1,001,940 ----------- TOTAL OKLAHOMA................................... 2,377,746 ----------- OREGON -- (1.0%) City of McMinnville (GO) 5.000%, 02/01/22............................. 290 319,044 City of Portland Water System Revenue (RB) Series A 5.000%, 04/01/21............................. 1,250 1,356,350 Lane County School District No. 4J Eugene (GO) (SCH BD GTY) 3.000%, 06/15/25............................. 940 963,049 Oregon State (GO) Series E 5.000%, 08/01/21............................. 410 447,933 Oregon State (GO) Series F 3.000%, 05/01/20............................. 750 766,387 Oregon State (GO) Series L 5.000%, 11/01/19............................. 200 209,352 ----------- TOTAL OREGON..................................... 4,062,115 -----------
FACE AMOUNT VALUE+ ------ ------ (000) PENNSYLVANIA -- (0.4%) Berks County (GO) 5.000%, 11/15/22............................. $ 445 $ 498,097 City of Philadelphia (GO) Series A (AGM) (currency) 5.250%, 12/15/32 (Pre-refunded @ $100, 12/15/18)............................ 500 510,600 Commonwealth of Pennsylvania (GO) Series 1 5.000%, 07/01/21............................. 550 594,875 ---------- TOTAL PENNSYLVANIA....................................... 1,603,572 ---------- RHODE ISLAND -- (0.7%) Rhode Island State (GO) Series A 5.000%, 08/01/19............................. 1,800 1,870,902 5.000%, 08/01/21............................. 1,000 1,089,220 ---------- TOTAL RHODE ISLAND....................................... 2,960,122 ---------- SOUTH CAROLINA -- (1.3%) Aiken County Consolidated School District (GO) Series A (SCSDE) 5.000%, 03/01/20............................. 770 813,012 Anderson County School District No. 4 (GO) Series A (SCSDE) 5.000%, 03/01/21............................. 500 541,065 City of North Charleston (GO) (ST AID WITHHLDG) 5.000%, 06/01/21............................. 500 544,120 Clemson University (RB) Series B 5.000%, 05/01/25............................. 750 872,295 Lexington & Richland School District No. 5 (GO) (SCSDE) 5.000%, 03/01/19............................. 1,440 1,478,751 Richland County School District No. 2 (GO) (SCSDE) 5.000%, 03/01/20............................. 500 527,930 Richland County School District No. 2 (GO) Series A (SCSDE) 5.000%, 02/01/20............................. 600 632,118 ---------- TOTAL SOUTH CAROLINA..................................... 5,409,291 ---------- TENNESSEE -- (3.8%) Blount County (GO) Series B 5.000%, 06/01/22............................. 2,635 2,915,970 City of Clarksville Water Sewer & Gas Revenue (RB) 5.000%, 02/01/20............................. 565 595,041 City of Knoxville Wastewater System Revenue (RB) Series A 5.000%, 04/01/19............................. 1,825 1,878,856 City of Knoxville Wastewater System Revenue (RB) Series B 4.000%, 04/01/22............................. 310 331,533
133 DFA MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) TENNESSEE -- (Continued) City of Memphis (GO) Series A 5.000%, 04/01/25............................. $1,250 $ 1,449,850 Hamilton County (GO) Series B 5.000%, 03/01/22............................. 1,735 1,921,235 Metropolitan Government of Nashville & Davidson County (GO) 5.000%, 07/01/22............................. 650 722,293 Metropolitan Government of Nashville & Davidson County (GO) Series A (currency) 5.000%, 07/01/25 (Pre-refunded @ $100, 7/1/20).............................. 3,000 3,187,620 Sullivan County (GO) Series A 5.000%, 04/01/21............................. 450 486,959 Sumner County (GO) 5.000%, 12/01/21............................. 230 252,970 5.000%, 12/01/22............................. 640 716,774 Town of Collierville (GO) Series A 5.000%, 01/01/21............................. 1,095 1,180,957 ----------- TOTAL TENNESSEE.......................................... 15,640,058 ----------- TEXAS -- (18.2%) Austin Independent School District (GO) Series B 5.000%, 08/01/20............................. 2,410 2,571,325 Bexar County (GO) 5.000%, 06/15/20............................. 500 531,180 5.000%, 06/15/21............................. 1,275 1,385,249 City of Dallas (GO) Series A 5.000%, 02/15/21............................. 500 536,915 City of Fort Worth Water & Sewer System (RB) 5.000%, 02/15/19............................. 180 184,601 City of Fort Worth Water & Sewer System Revenue (RB) 5.000%, 02/15/21............................. 1,745 1,883,658 City of Fort Worth Water & Sewer System Revenue (RB) Series A 5.000%, 02/15/25............................. 1,930 2,229,382 City of Garland (GO) Series A 5.000%, 02/15/24............................. 200 227,350 City of Houston (GO) (TRANS) 4.000%, 06/29/18............................. 3,000 3,011,550 City of Houston Combined Utility System Revenue (RB) (ASSURED GTY) (currency) 5.375%, 11/15/38 (Pre-refunded @ $100, 5/15/19)............................. 5,000 5,177,400 City of Irving (GO) Series A 5.000%, 09/15/18............................. 710 718,364 City of San Antonio Electric & Gas Systems Revenue (RB) 5.000%, 02/01/21............................. 700 754,285 5.000%, 02/01/22............................. 2,025 2,228,573
FACE AMOUNT VALUE+ ------ ------ (000) TEXAS -- (Continued) Cypress-Fairbanks Independent School District (GO) (PSF-GTD) 5.000%, 02/15/21............................. $ 790 $ 852,102 Dallas Independent School District (GO) Series A (PSF-GTD) 5.000%, 08/15/24............................. 3,250 3,725,897 El Paso Independent School District (GO) (PSF-GTD) 5.000%, 08/15/24............................. 500 572,905 Fort Bend Independent School District (GO) Series C (PSF-GTD) 5.000%, 02/15/24............................. 1,275 1,450,096 Fort Worth Independent School District (GO) (PSF-GTD) 5.000%, 02/15/26............................. 445 523,253 Grapevine-Colleyville Independent School District (GO) (PSF-GTD) 2.000%, 08/15/19............................. 1,500 1,503,405 Harris County (GO) Series A 5.000%, 10/01/19............................. 1,000 1,044,030 Highland Park Independent School District (GO) 5.000%, 02/15/23............................. 2,000 2,245,280 Highland Park Independent School District (GO) (PSF-GTD) 5.000%, 02/15/20............................. 1,500 1,579,875 Houston Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/26............................. 750 877,837 Humble Independent School District (GO) Series B (PSF-GTD) 5.000%, 02/15/20............................. 1,000 1,053,250 Katy Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/20............................. 750 789,937 5.000%, 02/15/21............................. 400 431,784 McAllen Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/22............................. 2,725 3,002,732 Northwest Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/24............................. 1,000 1,137,330 Permanent University Fund - University of Texas System (RB) Series B 5.000%, 07/01/20............................. 2,875 3,062,996 San Antonio Independent School District (GO) (PSF-GTD) 5.000%, 02/15/20............................. 400 421,300
134 DFA MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) TEXAS -- (Continued) Texas State (GO) 5.000%, 04/01/19............................. $ 250 $ 257,308 5.000%, 10/01/22............................. 1,140 1,272,525 5.000%, 10/01/23............................. 375 425,846 5.000%, 04/01/25............................. 2,185 2,535,824 Texas State (GO) Series A 5.000%, 10/01/21............................. 1,300 1,423,552 5.000%, 10/01/25............................. 845 988,380 Texas State (RN) 4.000%, 08/30/18............................. 8,500 8,564,770 Texas Transportation Commission State Highway Fund (RB) Series A 5.000%, 10/01/19............................. 1,000 1,044,890 University of Texas System (The) (RB) Series A 5.250%, 08/15/18............................. 800 808,016 University of Texas System (The) (RB) Series D 5.000%, 08/15/21............................. 615 672,146 University of Texas System (The) (RB) Series J 5.000%, 08/15/25............................. 3,000 3,514,080 Williamson County (GO) 5.000%, 02/15/21............................. 5,640 6,084,996 Wylie Independent School District (GO) Series C (PSF-GTD) 6.750%, 08/15/18............................. 1,000 1,014,190 ----------- TOTAL TEXAS...................................... 74,320,364 ----------- UTAH -- (1.7%) Alpine School District (GO) (SCH BD GTY) 5.000%, 03/15/21............................. 550 596,101 Central Utah Water Conservancy District (RB) Series A 5.000%, 10/01/20............................. 450 482,094 Davis School District (GO) Series S (SCH BD GTY) 5.000%, 06/01/23............................. 2,445 2,767,300 Snyderville Basin Special Recreation District (GO) Series B 4.000%, 12/15/20............................. 540 567,702 Utah State (GO) 5.000%, 07/01/22............................. 800 891,680 Utah State (GO) Series C 5.000%, 07/01/18............................. 1,650 1,658,827 ----------- TOTAL UTAH....................................... 6,963,704 ----------- VERMONT -- (0.3%) Vermont State (GO) Series B 5.000%, 08/15/23............................. 1,000 1,137,900 -----------
FACE AMOUNT VALUE+ ------ ------ (000) VIRGINIA -- (2.2%) City of Hampton (GO) Series B (ST AID WITHHLDG) 5.000%, 09/01/21............................. $ 840 $ 919,926 5.000%, 09/01/22............................. 475 530,889 City of Richmond (GO) Series A (ST AID WITHHLDG) 5.000%, 03/01/20............................. 1,635 1,726,331 Commonwealth of Virginia (GO) Series D 5.000%, 06/01/19............................. 2,260 2,337,993 Loudoun County (GO) Series B (ST AID WITHHLDG) 5.000%, 12/01/20............................. 550 592,009 Pittsylvania County (GO) (ST AID WITHHLDG) 5.000%, 02/01/21............................. 1,830 1,968,860 Virginia Resources Authority (RB) (currency) 5.000%, 10/01/22 (Pre-refunded @ $100, 10/1/18)..................................... 1,000 1,013,910 ---------- TOTAL VIRGINIA........................................... 9,089,918 ---------- WASHINGTON -- (8.7%) City of Marysville Water & Sewer Revenue (RB) 5.000%, 04/01/20............................. 755 799,213 City of Seattle Drainage & Wastewater Revenue (RB) 5.000%, 09/01/20............................. 1,500 1,604,415 5.000%, 04/01/21............................. 445 482,202 City of Seattle Municipal Light & Power Revenue (RB) 5.000%, 09/01/20............................. 650 694,935 County of Kitsap WA (GO) 5.000%, 06/01/21............................. 1,455 1,580,668 King County (GO) Series A 5.000%, 07/01/20............................. 265 282,445 King County (GO) Series E 5.000%, 12/01/25............................. 1,275 1,497,691 King County School District No. 405 Bellevue (GO) Series A (SCH BD GTY) 5.000%, 12/01/18............................. 500 509,395 5.000%, 12/01/20............................. 1,350 1,452,046 King County School District No. 411 Issaquah (GO) (SCH BD GTY) 5.000%, 12/01/23............................. 1,440 1,642,507 King County School District No. 414 Lake Washington (GO) (SCH BD GTY) 5.000%, 12/01/22............................. 2,000 2,241,780 King County Sewer Revenue (RB) 5.000%, 01/01/21............................. 585 629,975
135 DFA MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) WASHINGTON -- (8.7%) King County Sewer Revenue (RB) Series B 5.000%, 07/01/22............................. $1,165 $ 1,295,061 5.000%, 07/01/25............................. 1,305 1,520,521 Pierce County School District No.10 Tacoma (GO) (SCH BD GTY) 5.000%, 12/01/18............................. 500 509,370 Snohomish County Public Utility District No. 1 (RB) 5.000%, 12/01/18............................. 895 912,032 Snohomish County School District No. 6 Mukilteo (GO) (SCH BD GTY) 5.000%, 12/01/25............................. 2,000 2,341,780 Spokane County (GO) 5.000%, 12/01/20............................. 450 484,016 Tacoma Metropolitan Park District (GO) Series B 5.000%, 12/01/21............................. 350 384,192 Washington Health Care Facilities Authority (RB) (currency) 7.375%, 03/01/38 (Pre-refunded @ $100, 3/1/19).............................. 3,000 3,134,100 (currency) 5.625%, 10/01/38 (Pre-refunded @ $100, 10/1/19)............................... 1,000 1,052,420 Washington State (GO) Series 2013A 5.000%, 08/01/21............................. 200 218,372 Washington State (GO) Series 2017-A 5.000%, 08/01/26............................. 1,675 1,981,156 Washington State (GO) Series 2018C 5.000%, 08/01/25............................. 2,500 2,917,250 Washington State (GO) Series A-1 5.000%, 08/01/21............................. 800 873,488 Washington State (GO) Series B 4.000%, 07/01/18............................. 1,000 1,003,750 5.000%, 07/01/20............................. 325 346,037 5.000%, 07/01/25............................. 475 553,446 Washington State (GO) Series R-2012C 4.000%, 07/01/21............................. 100 105,942 Washington State (GO) Series R-2013A 5.000%, 07/01/21............................. 1,520 1,656,648 Washington State (GO) Series R-2015E 5.000%, 07/01/18............................. 1,005 1,010,407 ----------- TOTAL WASHINGTON......................................... 35,717,260 -----------
FACE AMOUNT VALUE+ ------ ------ (000) WEST VIRGINIA -- (0.7%) Jefferson County Board of Education (GO) (WV BD COMM) 4.000%, 05/01/20............................. $ 250 $ 259,843 West Virginia State (GO) 4.000%, 11/01/20............................. 1,975 2,071,735 West Virginia State (GO) Series A 5.000%, 06/01/19............................. 550 568,804 ------------ TOTAL WEST VIRGINIA...................................... 2,900,382 ------------ WISCONSIN -- (4.7%) City of Janesville (GO) 3.000%, 03/01/24............................. 2,000 2,051,720 City of Madison Water Utility Revenue (RB) 5.000%, 01/01/21............................. 1,000 1,076,610 City of Milwaukee (GO) Series N3 5.000%, 05/15/20............................. 1,000 1,059,140 Germantown School District (GO) Series A 5.000%, 04/01/27............................. 1,000 1,195,990 Milwaukee County (GO) Series E 2.000%, 12/01/20............................. 1,060 1,060,254 Milwaukee County Metropolitan Sewer District (GO) Series A 5.000%, 10/01/25............................. 2,635 3,097,706 Oak Creek Franklin Joint School District (GO) Series B 3.000%, 04/01/20............................. 630 642,241 Wisconsin Health & Educational Facilities Authority (RB) Series A (currency) 5.250%, 12/01/35............................. (Pre-refunded @ $100, 12/3/18)............... 2,500 2,550,175 Wisconsin State (GO) Series 1 5.000%, 05/01/19............................. 500 515,895 Wisconsin State (GO) Series 1 (AMBAC) 5.000%, 05/01/19............................. 1,310 1,351,645 Wisconsin State (GO) Series 2 5.000%, 11/01/20............................. 600 644,394 5.000%, 11/01/22............................. 1,400 1,568,252 Wisconsin State (GO) Series 3 5.000%, 11/01/22............................. 1,875 2,100,338 Wisconsin State (GO) Series B 5.000%, 05/01/21............................. 400 434,496 ------------ TOTAL WISCONSIN.......................................... 19,348,856 ------------ TOTAL MUNICIPAL BONDS.................................... 409,032,083 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $415,264,761).................................... $409,032,083 ============
136 DFA MUNICIPAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Municipal Bonds. -- $409,032,083 -- $409,032,083 -- ------------ TOTAL........... -- $409,032,083 -- $409,032,083 == ============ == ============
See accompanying Notes to Financial Statements. 137 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ------ ------ (000) MUNICIPAL BONDS -- (99.4%) ALABAMA -- (0.9%) Alabama State (GO) Series A 5.000%, 08/01/19............................. $8,500 $ 8,832,690 5.000%, 08/01/20............................. 5,495 5,866,572 5.000%, 08/01/21............................. 1,450 1,584,633 5.000%, 08/01/21............................. 6,030 6,589,885 ----------- TOTAL ALABAMA............................................ 22,873,780 ----------- ALASKA -- (0.4%) Alaska State (GO) Series B 5.000%, 08/01/20............................. 3,920 4,178,838 City of Koyukuk (RB) (currency) 7.750%, 10/01/41 (Pre-refunded @ $100, 10/1/19)..................................... 4,650 5,014,002 ----------- TOTAL ALASKA............................................. 9,192,840 ----------- ARIZONA -- (1.0%) Arizona State Transportation Board (RB) 5.000%, 07/01/20............................. 5,000 5,323,650 City of Phoenix (GO) 4.000%, 07/01/20............................. 1,085 1,133,293 4.000%, 07/01/21............................. 5,970 6,324,738 Madison Elementary School District No. 38 (GO) Series A 2.000%, 07/01/20............................. 1,400 1,402,058 Maricopa County Community College District (GO) 4.000%, 07/01/18............................. 2,210 2,218,265 3.000%, 07/01/20............................. 6,505 6,658,648 Maricopa County School District No. 3 Tempe Elementary (GO) 3.000%, 07/01/21............................. 1,410 1,448,620 ----------- TOTAL ARIZONA............................................ 24,509,272 ----------- ARKANSAS -- (1.1%) Arkansas State (GO) 5.000%, 04/01/19............................. 7,240 7,449,598 5.000%, 04/01/21............................. 4,300 4,660,770 5.000%, 04/01/21............................. 6,495 7,039,931 5.000%, 06/15/21............................. 8,730 9,509,676 ----------- TOTAL ARKANSAS........................................... 28,659,975 ----------- CALIFORNIA -- (2.7%) Bay Area Toll Authority (RB) Series F-1 (currency) 5.125%, 04/01/39 (Pre-refunded @ $100, 4/1/19)...................................... 9,200 9,486,948 California State (GO) 5.000%, 04/01/19............................. 1,000 1,029,880
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) 2.000%, 11/01/19............................. $ 695 $ 697,349 5.000%, 10/01/21............................. 2,215 2,433,953 California State (GO) Series B 5.000%, 09/01/18............................. 7,000 7,078,680 City of Berkeley (RN) 3.000%, 07/19/18............................. 4,000 4,011,640 City of Long Beach Harbor Revenue (RB) Series C 5.000%, 11/15/18............................. 4,125 4,197,311 City of Los Angeles (RN) 5.000%, 06/28/18............................. 2,800 2,814,868 Los Angeles Unified School District (GO) Series A 5.000%, 07/01/19............................. 1,000 1,038,320 Oakland Unified School District (GO) Series A (currency) 6.125%, 08/01/29 (Pre-refunded @ $100, 8/1/19)...................................... 3,595 3,787,620 Riverside County (RN) 2.000%, 06/29/18............................. 29,300 29,318,752 Sequoia Union High School District (RAN) 3.000%, 06/29/18............................. 2,385 2,390,605 ----------- TOTAL CALIFORNIA......................................... 68,285,926 ----------- COLORADO -- (0.7%) Board of Water Commissioners City & County of Denver (The) (RB) Series B 5.000%, 09/15/19............................. 2,060 2,149,013 City & County of Denver (GO) Series A 5.000%, 08/01/18............................. 7,745 7,810,600 5.000%, 08/01/20............................. 4,920 5,254,954 Denver City & County School District No. 1 (GO) Series B (ETM) (ST AID WITHHLDG) 4.000%, 12/01/18............................. 140 141,778 Denver City & County School District No. 1 (GO) Series B (ST AID WITHHLDG) 4.000%, 12/01/18............................. 1,045 1,059,055 Weld County School District No. RE-4 (GO) (ST INTERCEPT) 4.000%, 12/01/22............................. 1,000 1,073,040 ----------- TOTAL COLORADO........................................... 17,488,440 ----------- CONNECTICUT -- (2.0%) City of Middletown (GO) 5.000%, 04/01/21............................. 1,905 2,070,468 City of New London (BAN) 3.000%, 03/21/19............................. 5,300 5,359,042
138 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CONNECTICUT -- (Continued) Connecticut State (GO) Series A 5.000%, 10/15/19............................. $ 5,350 $ 5,566,889 Connecticut State (GO) Series B (AMBAC) 5.250%, 06/01/18............................. 15,310 15,352,103 Connecticut State (GO) Series C 5.000%, 06/01/18............................. 9,980 10,005,449 Connecticut State Special Tax Revenue (RB) 5.000%, 01/01/19............................. 11,000 11,224,400 ----------- TOTAL CONNECTICUT........................................ 49,578,351 ----------- DELAWARE -- (0.4%) Delaware State (GO) 5.000%, 07/01/19............................. 5,000 5,185,700 Delaware State (GO) Series A 5.000%, 08/01/19............................. 5,745 5,972,732 ----------- TOTAL DELAWARE........................................... 11,158,432 ----------- DISTRICT OF COLUMBIA -- (0.2%) District of Columbia (GO) Series A 5.000%, 06/01/20............................. 2,320 2,465,023 District of Columbia (GO) Series B (AGM) 5.250%, 06/01/18............................. 2,265 2,271,410 ----------- TOTAL DISTRICT OF COLUMBIA............................... 4,736,433 ----------- FLORIDA -- (2.3%) Florida State Board of Education (GO) Series A 5.000%, 06/01/18............................. 4,000 4,010,560 5.000%, 06/01/19............................. 19,310 19,980,636 5.000%, 06/01/19............................. 10,100 10,450,773 5.000%, 06/01/20............................. 2,850 3,025,133 5.000%, 01/01/21............................. 2,340 2,517,372 Florida State Board of Education (GO) Series B 5.000%, 06/01/19............................. 3,500 3,621,555 5.000%, 06/01/20............................. 1,000 1,061,450 North Brevard County Hospital District Physician Services Inc (RB) (currency) 5.750%, 10/01/43 (Pre-refunded @ $100, 10/1/18)..................................... 7,120 7,236,483 Orange County Water Utility System Revenue (RB) 5.000%, 10/01/21............................. 2,500 2,740,200 Tampa Bay Water (RB) (currency) 5.000%, 10/01/25 (Pre-refunded @ $100, 10/1/20)..................................... 2,160 2,309,278 ----------- TOTAL FLORIDA............................................ 56,953,440 -----------
FACE AMOUNT VALUE+ ------ ------ (000) GEORGIA -- (3.7%) Cobb County (GO) 5.000%, 01/01/21............................. $ 3,710 $ 4,001,235 5.000%, 01/01/22............................. 500 551,605 Cobb County School District 2.000%, 12/20/18............................. 22,320 22,374,684 Gainesville & Hall County Hospital Authority (RB) (currency) 5.500%, 02/15/45 (Pre-refunded @ $100, 2/15/20)..................................... 6,575 6,970,618 Georgia State (GO) Series A 5.000%, 07/01/19............................. 7,350 7,622,979 Georgia State (GO) Series A-1 5.000%, 02/01/19............................. 8,000 8,194,960 5.000%, 02/01/20............................. 4,210 4,437,593 Georgia State (GO) Series C 5.000%, 07/01/19............................. 2,000 2,074,280 Georgia State (GO) Series D 5.000%, 02/01/19............................. 7,970 8,164,229 Georgia State (GO) Series E-1 4.500%, 07/01/19............................. 6,890 7,106,415 Georgia State (GO) Series I 5.000%, 07/01/19............................. 20,475 21,235,441 ----------- TOTAL GEORGIA............................................ 92,734,039 ----------- HAWAII -- (2.1%) City & County of Honolulu (GO) Series B 5.000%, 11/01/19............................. 8,000 8,370,400 Hawaii State (GO) Series DR 5.000%, 06/01/19............................. 9,725 10,056,428 Hawaii State (GO) Series EA 5.000%, 12/01/18............................. 9,250 9,425,472 Hawaii State (GO) Series EE 5.000%, 11/01/18............................. 11,495 11,682,024 Hawaii State (GO) Series EF 5.000%, 11/01/21............................. 5,500 6,039,000 Hawaii State (GO) Series EO 5.000%, 08/01/22............................. 6,000 6,687,780 Maui County (GO) 5.000%, 06/01/18............................. 500 501,315 ----------- TOTAL HAWAII............................................. 52,762,419 ----------- IDAHO -- (0.4%) Idaho State (TAN) 4.000%, 06/29/18............................. 11,175 11,216,794 ----------- ILLINOIS -- (0.2%) Central Lake County Joint Action Water Agency (RB) 4.000%, 05/01/18............................. 4,700 4,700,000 Central Lake County Joint Action Water Agency (RB) (ETM) 4.000%, 05/01/18............................. 1,495 1,495,000 ----------- TOTAL ILLINOIS........................................... 6,195,000 -----------
139 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) IOWA -- (0.4%) Iowa Finance Authority (RB) (currency) 5.000%, 08/01/20 (Pre-refunded @ $100, 8/1/19)...................................... $ 2,535 $ 2,633,561 (currency) 5.000%, 08/01/21 (Pre-refunded @ $100, 8/1/19)...................................... 1,560 1,620,653 State of Iowa (RB) Series A (ETM) 5.000%, 06/01/18............................. 4,785 4,797,632 ----------- TOTAL IOWA............................................... 9,051,846 ----------- KANSAS -- (1.1%) City of Topeka Series A 3.000%, 10/01/18............................. 16,900 16,993,457 City of Wichita (GO) Series A 5.000%, 12/01/19............................. 3,960 4,152,100 Kansas State Department of Transportation (RB) Series C 5.000%, 09/01/19............................. 4,975 5,179,920 Sedgwick County Unified School District No. 266 Maize (GO) Series A 2.000%, 09/01/18............................. 1,000 1,000,800 ----------- TOTAL KANSAS............................................. 27,326,277 ----------- KENTUCKY -- (0.8%) Kentucky State Economic Development Finance Authority (RB) Series A (currency) 5.000%, 05/01/24 (Pre-refunded @ $100, 5/1/19)...................................... 1,000 1,030,480 Louisville & Jefferson County (GO) Series A 5.000%, 12/01/19............................. 4,095 4,290,373 Louisville & Jefferson County (RB) 5.000%, 12/01/35 (Pre-refunded @ $100, 6/1/22)...................................... 1,675 1,858,429 Louisville & Jefferson County Metropolitan Sewer District (RB) Series B 5.000%, 05/15/18............................. 13,245 13,260,364 ----------- TOTAL KENTUCKY........................................... 20,439,646 ----------- LOUISIANA -- (0.2%) Louisiana State (GO) Series C 5.000%, 08/01/21............................. 5,000 5,436,250 ----------- MARYLAND -- (7.4%) Anne Arundel County (GO) 3.000%, 10/01/19............................. 3,900 3,961,737 5.000%, 10/01/20............................. 1,790 1,917,663 5.000%, 04/01/21............................. 12,740 13,805,064
FACE AMOUNT VALUE+ ------ ------ (000) MARYLAND -- (Continued) Anne County Arundel (GO) 5.000%, 10/01/19............................. $ 3,000 $ 3,130,800 Baltimore County (BAN) 4.000%, 03/18/19............................. 10,000 10,197,400 Baltimore County (GO) 5.000%, 08/01/18............................. 2,450 2,470,016 Baltimore County (GO) Series B 5.000%, 08/01/18............................. 5,000 5,040,850 Charles County (GO) 5.000%, 03/01/19............................. 2,440 2,505,856 Charles County (GO) (ETM) 5.000%, 03/01/19............................. 10 10,257 Harford County (GO) Series B 5.000%, 02/01/20............................. 2,650 2,792,782 Maryland State (GO) 5.000%, 06/01/19............................. 3,000 3,103,200 Maryland State (GO) Series A 5.000%, 08/01/19............................. 20,000 20,787,800 Maryland State (GO) Series B 5.000%, 03/01/19............................. 6,300 6,470,037 5.000%, 08/01/19............................. 11,500 11,952,985 5.000%, 08/01/20............................. 8,425 8,988,969 Maryland State (GO) Series C 5.000%, 11/01/18............................. 9,335 9,487,347 5.000%, 08/01/19............................. 2,000 2,078,780 5.000%, 11/01/19............................. 2,000 2,093,520 5.000%, 08/01/20............................. 7,705 8,220,773 Montgomery County (GO) Series B 5.000%, 06/01/19............................. 7,725 7,992,439 5.000%, 12/01/21............................. 4,000 4,398,040 Prince George's County (GO) Series B 5.000%, 09/15/18............................. 16,190 16,387,356 4.000%, 03/01/19............................. 9,575 9,756,446 4.000%, 03/01/20............................. 9,780 10,151,151 Prince George's County (GO) Series C 5.000%, 08/01/18............................. 10,075 10,157,111 Talbot County (GO) 2.000%, 12/15/21............................. 1,330 1,323,071 Washington Suburban Sanitary Commission (GO) 5.000%, 06/01/18............................. 2,350 2,356,181 Washington Suburban Sanitary Commission (GO) Series A 4.000%, 06/01/18............................. 5,000 5,009,200 ------------ TOTAL MARYLAND................................... 186,546,831 ------------ MASSACHUSETTS -- (5.9%) City of Fall River (BAN) 2.500%, 02/08/19............................. 9,831 9,880,253 City of Quincy (BAN) 2.500%, 01/18/19............................. 13,000 13,065,910 City of Somerville (BAN) 2.000%, 06/08/18............................. 11,642 11,647,006
140 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) MASSACHUSETTS -- (Continued) City of Springfield (GO) (ST AID WITHHLDG) 5.000%, 09/01/21............................. $ 4,240 $ 4,631,988 Commonwealth of Massachusetts (GO) Series A 5.000%, 05/01/21............................. 10,000 10,850,300 Commonwealth of Massachusetts (GO) Series B 5.000%, 08/01/18............................. 3,750 3,780,750 Commonwealth of Massachusetts (GO) Series B (AGM) 5.250%, 09/01/21............................. 2,405 2,648,218 Commonwealth of Massachusetts (GO) Series C 5.000%, 04/01/20............................. 2,700 2,856,006 5.000%, 08/01/20............................. 8,500 9,065,080 5.000%, 10/01/21............................. 8,000 8,760,320 Commonwealth of Massachusetts (GO) Series D (AMBAC) 5.500%, 10/01/19............................. 4,220 4,434,503 Massachusetts Bay Transportation Authority (RB) Series A 5.250%, 07/01/19............................. 3,115 3,238,136 Massachusetts Clean Water Trust (The) (RB) 5.000%, 08/01/20............................. 5,830 6,228,247 Massachusetts Development Finance Agency (RB) (currency) 5.750%, 07/01/39 (Pre-refunded @ $100, 7/1/19)................ 9,990 10,433,955 Massachusetts Health & Educational Facilities Authority (RB) (currency) 5.000%, 07/01/39 (Pre-refunded @ $100, 7/1/19)................ 4,160 4,306,682 Massachusetts Health & Educational Facilities Authority (RB) Series E-2 (currency) 5.375%, 07/01/22 (Pre-refunded @ $100, 7/1/18)................ 12,500 12,573,875 Massachusetts Water Resources Authority (RB) Series J (AGM) (GO OF AUTH) 5.250%, 08/01/18............................. 18,000 18,157,140 Town of Lexington (BAN) 3.000%, 02/15/19............................. 10,555 10,661,922 Town of Westborough (BAN) 2.500%, 08/10/18............................. 2,000 2,004,060 ------------ TOTAL MASSACHUSETTS...................................... 149,224,351 ------------
FACE AMOUNT VALUE+ ------ ------ (000) MICHIGAN -- (2.1%) Michigan Finance Authority (RB) Series A 5.000%, 07/01/18............................. $25,260 $25,395,141 5.000%, 01/01/19............................. 7,110 7,264,074 Michigan State (GO) 5.000%, 11/01/19............................. 13,000 13,611,780 Michigan State Building Authority (RB) (currency) 6.000%, 10/15/38 (Pre-refunded @ $100, 10/15/18).............. 2,740 2,790,854 Michigan State Trunk Line Revenue (RB) 5.000%, 11/15/18............................. 3,600 3,662,136 ----------- TOTAL MICHIGAN........................................... 52,723,985 ----------- MINNESOTA -- (3.6%) Bloomington Independent School District No. 271 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21............................. 1,290 1,392,555 Chaska Independent School District No. 112 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21............................. 590 636,740 City of Minneapolis (GO) 2.000%, 12/01/18............................. 5,085 5,093,441 City of Minneapolis (RB) Series A (currency) 6.750%, 11/15/32 (Pre-refunded @ $100, 11/15/18).............. 6,500 6,671,925 City of State Cloud (RB) (currency) 5.125%, 05/01/30 (Pre-refunded @ $100, 5/1/20)................ 950 1,007,266 City of State Louis Park (RB) Series C (ETM) 5.500%, 07/01/18............................. 4,140 4,165,627 Elk River Independent School District No. 728 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21............................. 1,000 1,078,100 Elk River Independent School District No. 728 (GO) Series C (SD CRED PROG) 5.000%, 02/01/20............................. 5,000 5,263,200 5.000%, 02/01/21............................. 2,000 2,156,200 Hennepin County (GO) Series B 5.000%, 12/01/21............................. 650 715,865 Housing & Redevelopment Authority of The City of State Paul Minnesota (RB) (currency) 5.250%, 11/15/29 (Pre-refunded @ $100, 11/15/19).................................... 660 692,696
141 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) MINNESOTA -- (Continued) Lakeville Independent School District No. 194 (GO) Series D (SD CRED PROG) 5.000%, 02/01/19............................. $ 4,425 $ 4,530,182 Minnesota State (GO) 5.000%, 08/01/20............................. 740 789,032 Minnesota State (GO) (ETM) 5.000%, 08/01/20............................. 10 10,647 Minnesota State (GO) Series B 5.000%, 08/01/18............................. 7,600 7,661,332 5.000%, 08/01/19............................. 4,425 4,598,725 4.000%, 08/01/20............................. 8,800 9,190,632 Minnesota State (GO) Series D 5.000%, 08/01/18............................. 5,000 5,040,350 5.000%, 08/01/19............................. 19,750 20,525,385 5.000%, 08/01/21............................. 7,230 7,889,376 Minnesota State (GO) Series E 2.000%, 08/01/19............................. 725 726,769 Minnesota State (GO) Series F 5.000%, 10/01/18............................. 650 658,795 Watertown-Mayer Independent School District No. 111 (GO) Series B (SD CRED PROG) 4.000%, 02/01/20............................. 1,610 1,667,509 ----------- TOTAL MINNESOTA.......................................... 92,162,349 ----------- MISSISSIPPI -- (0.1%) Mississippi State (GO) Series C 5.000%, 10/01/18............................. 2,800 2,837,184 ----------- MISSOURI -- (1.2%) Clayton School District (GO) 5.000%, 03/01/20............................. 3,115 3,290,748 Health & Educational Facilities Authority of the State of Missouri (RB) Series 2003A-ST LUKE'S HEALTH (AGM) (currency) 5.500%, 11/15/23 (Pre-refunded @ $100, 11/15/18).................................... 10,000 10,198,100 (currency) 5.500%, 11/15/28 (Pre-refunded @ $100, 11/15/18).................................... 10,000 10,198,100 Jackson County Reorganized School District No. 7 (GO) 3.000%, 03/01/21............................. 2,375 2,432,095 Missouri State (GO) Series A 5.000%, 12/01/20............................. 4,515 4,852,767 ----------- TOTAL MISSOURI........................................... 30,971,810 ----------- NEBRASKA -- (0.3%) Lancaster County School District 001 (GO) 5.000%, 01/15/21............................. 1,620 1,744,530
FACE AMOUNT VALUE+ ------ ------ (000) NEBRASKA -- (Continued) Metropolitan Utilities District of Omaha (RB) 5.000%, 12/01/20............................. $ 4,340 $ 4,666,932 ----------- TOTAL NEBRASKA........................................... 6,411,462 ----------- NEVADA -- (0.4%) City of Henderson NV (GO) 5.000%, 06/01/19............................. 5,295 5,475,454 Clark County School District (GO) Series A 5.000%, 06/15/19............................. 1,000 1,033,700 Clark County Water Reclamation District (GO) Series A (currency) 5.250%, 07/01/34 (Pre-refunded @ $100, 7/1/19)...................................... 2,905 3,017,452 Washoe County School District (GO) Series A 3.000%, 06/01/19............................. 1,125 1,137,679 ----------- TOTAL NEVADA............................................. 10,664,285 ----------- NEW HAMPSHIRE -- (0.2%) City of Nashua (GO) 4.000%, 07/15/21............................. 1,720 1,822,323 City of Portsmouth (BAN) 3.000%, 06/22/18............................. 2,705 2,710,275 ----------- TOTAL NEW HAMPSHIRE...................................... 4,532,598 ----------- NEW JERSEY -- (1.2%) Monmouth County (GO) 5.000%, 07/15/20............................. 4,540 4,844,135 5.000%, 07/15/21............................. 3,770 4,119,064 Union County 2.250%, 06/22/18............................. 20,000 20,016,600 ----------- TOTAL NEW JERSEY......................................... 28,979,799 ----------- NEW MEXICO -- (1.2%) City of Albuquerque (GO) Series A 5.000%, 07/01/18............................. 4,775 4,800,451 New Mexico State (GO) 5.000%, 03/01/19............................. 1,500 1,539,360 5.000%, 03/01/21............................. 4,000 4,320,480 New Mexico State (GO) Series B 5.000%, 03/01/20............................. 3,775 3,981,643 New Mexico State Severance Tax Permanent Fund (RB) Series A 5.000%, 07/01/19............................. 6,500 6,733,740 New Mexico State Severance Tax Permanent Fund (RB) Series A-2 5.000%, 07/01/18............................. 10,000 10,053,300 ----------- TOTAL NEW MEXICO......................................... 31,428,974 -----------
142 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) NEW YORK -- (6.5%) Amherst Central School District (GO) (ST AID WITHHLDG) 3.000%, 06/15/18............................. $ 135 $ 135,200 Brewster Central School District (GO) (ST AID WITHHLDG) 2.000%, 10/01/19............................. 1,160 1,163,376 City of New York (GO) 5.000%, 03/01/19............................. 4,685 4,810,698 City of New York (GO) (ETM) 5.000%, 03/01/19............................. 5,420 5,564,009 City of New York (GO) Series C 5.000%, 08/01/18............................. 6,265 6,315,245 City of New York (GO) Series E 5.000%, 08/01/19............................. 10,000 10,393,900 5.000%, 08/01/21............................. 1,500 1,635,315 City of New York (GO) Series F 5.000%, 08/01/21............................. 1,000 1,090,210 City of New York (GO) Series G 5.000%, 08/01/19............................. 15,310 15,913,061 5.000%, 08/01/21............................. 5,915 6,448,592 City of New York (GO) Series J 5.000%, 08/01/19............................. 7,985 8,299,529 City of New York (GO) Series J7 5.000%, 08/01/20............................. 5,000 5,332,400 City of Rochester (BAN) Series 3 2.500%, 08/02/18............................. 17,550 17,578,606 County of Columbia (GO) Series A (AGM) 2.000%, 02/01/19............................. 500 500,920 East Hampton Union Free School District (GO) (ST AID WITHHLDG) 5.000%, 06/01/19............................. 235 243,136 Erie County (RAN) 2.000%, 06/30/18............................. 7,800 7,802,886 Hilton Central School District (GO) (ST AID WITHHLDG) 2.000%, 06/15/21............................. 685 681,911 Metropolitan Transportation Authority (RB) Series A 5.000%, 11/15/21............................. 515 563,611 Metropolitan Transportation Authority (RB) Series A (ETM) 5.000%, 11/15/21............................. 85 93,602 New York State Dormitory Authority (RB) (currency) 6.125%, 12/01/29 (Pre-refunded @ $100, 12/1/18)............... 600 614,982 (currency) 6.250%, 12/01/37 (Pre-refunded @ $100, 12/1/18)............... 450 461,556 New York State Dormitory Authority (RB) Series A 5.000%, 12/15/18............................. 5,395 5,505,166 5.000%, 03/15/21............................. 1,795 1,944,398
FACE AMOUNT VALUE+ ------ ------ (000) NEW YORK -- (Continued) 5.000%, 12/15/21............................. $ 3,545 $ 3,901,414 (currency) 5.500%, 07/01/25 (Pre-refunded @ $100, 7/1/20)................ 500 536,645 (currency) 5.000%, 07/01/39 (Pre-refunded @ $100, 7/1/19)................ 6,125 6,348,869 New York State Dormitory Authority (RB) Series B 5.000%, 02/15/20............................. 15,000 15,812,400 5.000%, 02/15/22............................. 4,000 4,410,720 (currency) 5.000%, 07/01/38 (Pre-refunded @ $100, 7/1/18)................ 5,600 5,630,240 New York State Dormitory Authority (RB) Series B (ASSURED GTY) (currency) 5.000%, 07/01/23 (Pre-refunded @ $100, 7/1/18)...................................... 550 552,876 New York State Dormitory Authority (RB) Series C 5.000%, 03/15/19............................. 700 719,467 New York State Dormitory Authority (RB) Series E 5.000%, 02/15/19............................. 875 897,085 5.000%, 03/15/20............................. 500 528,230 5.000%, 03/15/21............................. 2,000 2,164,720 New York State Urban Development Corp. (RB) Series A 5.000%, 03/15/20............................. 550 581,053 New York State Urban Development Corp. (RB) Series C 5.000%, 12/15/18............................. 250 255,105 Town of Brookhaven (GO) Series A 3.000%, 02/01/19............................. 5,080 5,128,362 Triborough Bridge & Tunnel Authority (RB) Series A-1 5.000%, 11/15/19............................. 500 524,285 Triborough Bridge & Tunnel Authority (RB) Series B 4.000%, 11/15/18............................. 11,860 12,007,420 5.000%, 11/15/19............................. 1,000 1,048,570 ------------ TOTAL NEW YORK........................................... 164,139,770 ------------ NORTH CAROLINA -- (3.2%) City of Charlotte Water & Sewer System Revenue (RB) 5.000%, 07/01/19............................. 10,555 10,938,357 Davie County (GO) 5.000%, 05/01/20............................. 1,595 1,692,104
143 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) NORTH CAROLINA -- (Continued) North Carolina Medical Care Commission (RB) Series D (currency) 6.250%, 12/01/33 (Pre-refunded @ $100, 12/1/18)..................................... $15,455 $15,846,475 North Carolina State (GO) Series A 5.000%, 03/01/19............................. 5,000 5,134,950 North Carolina State (GO) Series B 5.000%, 06/01/18............................. 29,730 29,808,190 North Carolina State (GO) Series E 5.000%, 05/01/19............................. 1,500 1,548,135 North Carolina Turnpike Authority (RB) Series A (AGC) (currency) 5.500%, 01/01/29 (Pre-refunded @ $100, 1/1/19)...................................... 4,275 4,379,096 Wake County (GO) 5.000%, 03/01/19............................. 7,225 7,420,003 Wake County (GO) Series B 5.000%, 05/01/18............................. 4,625 4,625,000 ----------- TOTAL NORTH CAROLINA..................................... 81,392,310 ----------- OHIO -- (3.8%) City of Columbus (GO) Series 1 5.000%, 07/01/20............................. 10,000 10,658,300 City of Columbus (GO) Series A 5.000%, 02/15/19............................. 10,000 10,251,600 3.000%, 07/01/21............................. 12,830 13,189,369 Ohio State (GO) Series A 3.000%, 05/01/20............................. 5,000 5,100,350 5.000%, 05/01/20............................. 7,000 7,413,420 5.000%, 09/15/21............................. 2,335 2,552,505 Ohio State (GO) Series B 5.000%, 08/01/19............................. 7,270 7,558,183 5.000%, 09/01/19............................. 4,215 4,392,578 5.000%, 08/01/20............................. 10,000 10,658,000 2.000%, 09/01/20............................. 2,500 2,499,975 5.000%, 06/15/21............................. 9,500 10,330,490 Ohio State (GO) Series C 5.000%, 09/15/18............................. 1,300 1,315,652 Ohio State (GO) Series R 5.000%, 05/01/20............................. 5,080 5,381,041 Ohio State (GO) Series T 5.000%, 04/01/21............................. 2,040 2,207,545 Ohio State Water Development Authority (RB) Series A 5.000%, 06/01/21............................. 1,825 1,988,319 ----------- TOTAL OHIO............................................... 95,497,327 ----------- OKLAHOMA -- (0.6%) Tulsa County Independent School District No. 1 Tulsa (GO) Series C 1.500%, 07/01/18............................. 6,970 6,966,167 2.000%, 07/01/19............................. 8,610 8,626,703 ----------- TOTAL OKLAHOMA........................................... 15,592,870 -----------
FACE AMOUNT VALUE+ ------ ------ (000) OREGON -- (1.0%) City of Portland Sewer System Revenue (RB) Series A 5.000%, 06/01/19............................. $ 2,140 $ 2,213,616 Multnomah County (GO) 5.000%, 08/01/19............................. 4,580 4,761,002 Oregon State (GO) Series F 3.000%, 05/01/20............................. 6,585 6,728,882 Oregon State (GO) Series L 5.000%, 11/01/19............................. 11,515 12,053,441 ----------- TOTAL OREGON............................................. 25,756,941 ----------- PENNSYLVANIA -- (3.5%) City of Philadelphia (GO) Series A (AGM) (currency) 5.250%, 12/15/32 (Pre-refunded @ $100, 12/15/18).................................... 7,290 7,444,548 Commonwealth of Pennsylvania (GO) 5.000%, 07/01/18............................. 3,755 3,774,639 Commonwealth of Pennsylvania (GO) Series 1 5.000%, 11/15/18............................. 10,645 10,827,562 5.000%, 07/01/19............................. 7,655 7,924,915 5.000%, 04/01/20............................. 8,500 8,974,725 Commonwealth of Pennsylvania (GO) Series 2 5.000%, 10/15/19............................. 2,250 2,347,807 Commonwealth of Pennsylvania (GO) Series A 5.000%, 02/15/19............................. 5,010 5,132,043 Montgomery County Industrial Development Authority (RB) (FHA INS) (currency) 5.375%, 08/01/38 (Pre-refunded @ $100, 8/1/20)...................................... 10,000 10,728,600 Pennsylvania Economic Development Financing Authority (RB) Series A 5.000%, 07/01/19............................. 23,650 24,497,616 Snyder County Higher Education Authority (RB) (currency) 5.000%, 01/01/38 (Pre-refunded @ $100, 7/1/18)...................................... 4,000 4,021,520 University of Pittsburgh-of the Commonwealth System of Higher Education (RB) Series B (currency) 5.250%, 09/15/34 (Pre-refunded @ $100, 9/15/19)..................................... 3,330 3,480,483 ----------- TOTAL PENNSYLVANIA....................................... 89,154,458 -----------
144 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) RHODE ISLAND -- (0.2%) Rhode Island State (GO) Series A 5.000%, 08/01/19............................. $ 4,700 $ 4,885,133 ----------- SOUTH CAROLINA -- (4.5%) Aiken County Consolidated School District (GO) Series A (SCSDE) 5.000%, 03/01/20............................. 3,000 3,167,580 Charleston County School District (GO) Series A (SCSDE) 5.000%, 02/01/19............................. 7,595 7,777,812 Darlington County School District (GO) (SCSDE) 3.000%, 03/01/19............................. 3,000 3,030,240 Dorchester County School District No. 2 (GO) Series A (SCSDE) 5.000%, 03/01/21............................. 1,885 2,038,194 Florence County (GO) (ST AID WITHHLDG) 4.000%, 06/01/19............................. 15,000 15,354,600 4.000%, 06/01/20............................. 2,475 2,577,415 Florence School District One (GO) (SCSDE) 5.000%, 03/01/19............................. 3,730 3,830,374 Greenville County School District (GO) Series C (SCSDE) 5.000%, 06/01/18............................. 15,000 15,039,750 Lexington & Richland School District No. 5 (GO) Series B (SCSDE) 5.000%, 03/01/21............................. 1,660 1,794,908 Richland County (BAN) (ST AID WITHHLDG) 3.000%, 02/27/19............................. 6,000 6,060,900 Richland County School District No. 2 (GO) (SCSDE) 5.000%, 03/01/20............................. 910 960,833 Richland County School District No. 2 (GO) Series A (SCSDE) 5.000%, 02/01/20............................. 5,520 5,815,486 5.000%, 02/01/21............................. 7,000 7,554,540 Richland County School District No. 2 (GO) Series C (SCSDE) 5.000%, 02/01/19............................. 5,740 5,879,482 South Carolina Jobs-Economic Dev. Authority (RB) Series A (currency) 6.250%, 04/01/35 (Pre-refunded @ $100, 4/1/20)...................................... 2,180 2,351,784 (currency) 6.500%, 04/01/42 (Pre-refunded @ $100, 4/1/20)...................................... 2,000 2,164,980 South Carolina State (GO) Series A 5.000%, 06/01/20............................. 8,945 9,511,666
FACE AMOUNT VALUE+ ------ ------ (000) SOUTH CAROLINA -- (Continued) South Carolina State (GO) Series A (ST AID WITHHLDG) 5.000%, 10/01/19............................. $ 4,530 $ 4,726,874 South Carolina Transportation Infrastructure Bank (RB) Series A (currency) 5.250%, 10/01/40 (Pre-refunded @ $100, 10/1/19)..................................... 2,690 2,813,148 Spartanburg County School District No. 6 (BAN) 5.000%, 09/27/18............................. 10,000 10,133,400 ------------ TOTAL SOUTH CAROLINA..................................... 112,583,966 ------------ TENNESSEE -- (2.4%) City of Chattanooga (GO) Series A 4.000%, 09/01/18............................. 9,160 9,229,524 City of Memphis (GO) (NATL-RE) 5.250%, 10/01/18............................. 4,000 4,059,400 City of Memphis (GO) Series A 5.000%, 04/01/21............................. 4,550 4,929,060 City of Memphis (GO) Series D 5.000%, 07/01/19............................. 4,180 4,336,248 Hamilton County (GO) Series A 5.000%, 05/01/21............................. 3,895 4,235,657 Metropolitan Government of Nashville & Davidson County (GO) 5.000%, 07/01/21............................. 9,055 9,863,249 Metropolitan Government of Nashville & Davidson County (GO) Series A (currency) 5.000%, 07/01/25 (Pre-refunded @ $100, 7/1/20)...................................... 525 557,834 Metropolitan Government of Nashville & Davidson County Electric Revenue (RB) Series A 5.000%, 05/15/20............................. 2,000 2,123,240 Shelby County (GO) Series A 5.000%, 04/01/20............................. 18,135 19,189,913 5.000%, 03/01/21............................. 2,550 2,757,239 ------------ TOTAL TENNESSEE.......................................... 61,281,364 ------------ TEXAS -- (13.1%) Austin Independent School District (GO) (currency) 4.500%, 08/01/25 (Pre-refunded @ $100, 8/1/19)...................................... 3,340 3,449,385 Bexar County Health Facilities Dev. Corp. (RB) (currency) 6.200%, 07/01/45 (Pre-refunded @ $100, 7/1/20)...................................... 3,030 3,289,338
145 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) TEXAS -- (Continued) City of Allen (GO) 5.000%, 08/15/21............................. $ 1,840 $ 2,010,366 City of Dallas (GO) 5.000%, 02/15/19............................. 8,400 8,610,672 5.000%, 02/15/21............................. 1,500 1,610,745 City of Fort Worth Water & Sewer System (RB) 5.000%, 02/15/19............................. 830 851,215 City of Frisco (GO) Series A 5.000%, 02/15/21............................. 4,825 5,202,942 City of Houston (GO) (currency) 5.000%, 03/01/26 (Pre-refunded @ $100, 3/1/19)...................................... 3,405 3,492,338 City of Houston (GO) (TRANS) 4.000%, 06/29/18............................. 43,000 43,165,550 City of Houston Combined Utility System Revenue (RB) (ASSURED GTY) (currency) 5.375%, 11/15/38 (Pre-refunded @ $100, 5/15/19)..................................... 25,155 26,047,499 City of San Antonio (GO) 5.000%, 02/01/20............................. 7,350 7,747,341 City of San Antonio Electric & Gas Systems Revenue (RB) Series A (currency) 5.000%, 02/01/34 (Pre-refunded @ $100, 2/1/19)...................................... 4,750 4,862,195 City of San Antonio Electric & Gas Systems Revenue (RB) Series D 5.000%, 02/01/19............................. 700 717,059 City of Waco (GO) 5.000%, 02/01/20............................. 5,765 6,065,414 Conroe Independent School District (GO) Series A (PSF-GTD) 4.000%, 02/15/21............................. 1,940 2,043,518 Dallas County Community College District (GO) 5.000%, 02/15/20............................. 11,975 12,627,877 Harris County (GO) Series A 5.000%, 10/01/19............................. 5,640 5,888,329 Houston Higher Education Finance Corp. (RB) Series A (currency) 6.875%, 05/15/41 (Pre-refunded @ $100, 5/15/21)..................................... 6,000 6,813,720 Humble Independent School District (GO) Series B (PSF-GTD) 5.000%, 02/15/20............................. 4,000 4,213,000 Lewisville Independent School District (GO) (PSF-GTD) 3.000%, 08/15/19............................. 6,000 6,089,520
FACE AMOUNT VALUE+ ------ ------ (000) TEXAS -- (Continued) Longview Independent School District (GO) (PSF-GTD) (currency) 4.750%, 02/15/36 (Pre-refunded @ $100, 8/15/18)..................................... $14,815 $ 14,941,224 North East Independent School District (GO) (PSF-GTD) 5.000%, 08/01/18............................. 10,125 10,205,696 Permanent University Fund (RB) 5.000%, 07/01/18............................. 12,585 12,652,078 Plano Independent School District (GO) (PSF-GTD) 5.000%, 02/15/19............................. 18,185 18,646,899 San Antonio Independent School District (GO) (PSF-GTD) 5.000%, 02/15/20............................. 2,500 2,633,125 Southwest Higher Education Authority Inc (RB) (currency) 5.000%, 10/01/23 (Pre-refunded @ $100, 10/1/19)..................................... 2,740 2,859,848 Texas State (GO) 5.000%, 04/01/19............................. 4,350 4,477,150 5.000%, 10/01/20............................. 3,825 4,096,843 5.000%, 10/01/23............................. 1,425 1,618,216 Texas State (GO) Series A 5.000%, 10/01/21............................. 2,200 2,409,088 Texas State (RN) 4.000%, 08/30/18............................. 60,000 60,457,200 Texas Tech University (RB) Series A 5.000%, 08/15/19............................. 3,025 3,146,666 Texas Transportation Commission State Highway Fund (RB) Series A 5.000%, 04/01/19............................. 5,110 5,262,176 5.000%, 10/01/19............................. 4,000 4,179,560 5.000%, 10/01/20............................. 12,500 13,388,375 University of Texas System (The) (RB) Series A 5.250%, 08/15/18............................. 750 757,515 University of Texas System (The) (RB) Series C 5.000%, 08/15/19............................. 7,975 8,295,754 University of Texas System (The) (RB) Series D (currency) 5.000%, 08/15/23 (Pre-refunded @ $100, 8/15/19)..................................... 6,635 6,900,931 ------------ TOTAL TEXAS.............................................. 331,726,367 ------------ UTAH -- (1.5%) Alpine School District (GO) (SCH BD GTY) 5.000%, 03/15/21............................. 940 1,018,791
146 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) UTAH -- (Continued) Jordan School District (GO) (SCH BD GTY) 5.000%, 06/15/19............................. $16,420 $16,995,685 Utah State (GO) 5.000%, 07/01/22............................. 9,690 10,800,474 Utah State (GO) Series C 5.000%, 07/01/18............................. 3,150 3,166,852 4.500%, 07/01/19............................. 6,675 6,884,662 ----------- TOTAL UTAH............................................... 38,866,464 ----------- VIRGINIA -- (6.4%) Arlington County (GO) (ST AID WITHHLDG) 4.000%, 08/15/21............................. 2,125 2,258,769 Chesterfield County (GO) Series A 5.000%, 01/01/19............................. 3,575 3,652,721 City of Hampton (GO) Series B (ST AID WITHHLDG) 5.000%, 09/01/21............................. 2,700 2,956,905 City of Norfolk (GO) Series C (ST AID WITHHLDG) 5.000%, 10/01/19............................. 2,500 2,610,425 City of Richmond (GO) Series A (ST AID WITHHLDG) 5.000%, 03/01/20............................. 1,000 1,055,860 Commonwealth of Virginia (GO) Series B 5.000%, 06/01/19............................. 5,705 5,901,880 5.000%, 06/01/19............................. 10,250 10,603,727 Fairfax County (GO) Series A (ST AID WITHHLDG) 3.000%, 10/01/18............................. 2,855 2,870,560 4.000%, 10/01/18............................. 8,880 8,964,804 4.000%, 10/01/19............................. 12,300 12,675,888 4.000%, 10/01/20............................. 15,530 16,299,511 Fairfax County (GO) Series B (ST AID WITHHLDG) 5.000%, 10/01/18............................. 10,000 10,136,600 4.000%, 04/01/19............................. 7,000 7,143,360 Henrico County (GO) 5.000%, 07/15/19............................. 5,460 5,668,845 University of Virginia (RB) Series B 5.000%, 08/01/21............................. 15,000 16,397,700 Virginia Public Building Authority (RB) Series A 5.000%, 08/01/18............................. 8,370 8,437,546 Virginia Public School Authority (RB) Series B (ST AID WITHHLDG) 5.000%, 08/01/19............................. 15,580 16,187,776 Virginia Resources Authority (RB) (currency) 5.000%, 10/01/22 (Pre-refunded @ $100, 10/1/18)..................................... 7,935 8,045,376
FACE AMOUNT VALUE+ ------ ------ (000) VIRGINIA -- (Continued) (currency) 5.000%, 10/01/27 (Pre-refunded @ $100, 10/1/18)..................................... $ 4,940 $ 5,008,715 (currency) 5.000%, 10/01/28 (Pre-refunded @ $100, 10/1/18)..................................... 6,230 6,316,659 Virginia Resources Authority (RB) Series B 4.000%, 10/01/19............................. 4,875 5,024,711 Virginia State Public School Authority (RB) (ST AID WITHHLDG) 5.000%, 07/15/19............................. 4,080 4,236,060 ------------ TOTAL VIRGINIA........................................... 162,454,398 ------------ WASHINGTON -- (4.6%) City of Seattle Drainage & Wastewater Revenue (RB) 5.000%, 04/01/21............................. 3,000 3,250,800 City of Seattle Municipal Light & Power Revenue (RB) (BHAC-CR) (currency) 5.750%, 04/01/29 (Pre-refunded @ $100, 4/1/19)...................................... 10,000 10,357,200 City of Seattle Water System Revenue (RB) 5.000%, 09/01/19............................. 3,890 4,053,886 King County (GO) 5.000%, 12/01/18............................. 9,420 9,599,262 King County School District No. 405 Bellevue (GO) (SCH BD GTY) 5.000%, 12/01/18............................. 1,240 1,263,300 King County School District No. 405 Bellevue (GO) Series A (SCH BD GTY) 5.000%, 12/01/18............................. 400 407,516 King County Sewer Revenue (RB) 5.000%, 07/01/19............................. 1,755 1,819,970 Snohomish County Public Utility District No. 1 (RB) 5.000%, 12/01/18............................. 3,190 3,250,706 5.000%, 12/01/19............................. 5,810 6,097,421 Snohomish County School District No. 201 Snohomish (GO) (SCH BD GTY) 5.000%, 12/01/21............................. 4,000 4,390,760 Snohomish County School District No. 6 Mukilteo (GO) (SCH BD GTY) 5.000%, 12/01/18............................. 500 509,370 Spokane County School District No. 81 Spokane (GO) Series A (SCH BD GTY) 5.000%, 12/01/18............................. 7,375 7,513,576
147 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) WASHINGTON -- (Continued) Washington Health Care Facilities Authority (RB) (currency) 7.375%, 03/01/38 (Pre-refunded @ $100, 3/1/19)...................................... $ 800 $ 835,760 (currency) 5.625%, 10/01/38 (Pre-refunded @ $100, 10/1/19)..................................... 9,965 10,487,365 Washington State (GO) 5.000%, 07/01/18............................. 3,000 3,016,140 5.000%, 07/01/20............................. 3,650 3,886,264 Washington State (GO) Series 2010A 5.000%, 08/01/18............................. 4,500 4,536,540 Washington State (GO) Series 2013A 5.000%, 08/01/21............................. 4,245 4,634,946 Washington State (GO) Series A-1 5.000%, 08/01/21............................. 1,500 1,637,790 Washington State (GO) Series B 4.000%, 07/01/18............................. 10,000 10,037,500 5.000%, 07/01/20............................. 5,000 5,323,650 Washington State (GO) Series D 5.000%, 02/01/19............................. 1,710 1,750,903 Washington State (GO) Series E 5.000%, 02/01/19............................. 4,080 4,177,593 Washington State (GO) Series R-2014A 5.000%, 07/01/18............................. 7,065 7,103,010 Washington State (GO) Series R-2015 5.000%, 07/01/18............................. 4,160 4,182,381 Washington State (GO) Series R-2017A 5.000%, 08/01/22............................. 2,500 2,785,500 ------------ TOTAL WASHINGTON......................................... 116,909,109 ------------ WEST VIRGINIA -- (0.4%) West Virginia State (GO) Series A 5.000%, 06/01/21............................. 9,620 10,456,844 ------------
FACE AMOUNT VALUE+ ------ ------ (000) WISCONSIN -- (3.5%) City of Milwaukee (GO) Series N2 5.000%, 05/01/19............................. $10,010 $ 10,316,106 5.000%, 04/01/20............................. 5,860 6,187,281 Wisconsin Health & Educational Facilities Authority (RB) Series A (currency) 5.250%, 12/01/35 (Pre-refunded @ $100, 12/3/18)..................................... 1,980 2,019,739 Wisconsin State (GO) Series 1 5.000%, 05/01/19............................. 9,230 9,523,422 5.000%, 05/01/20............................. 3,235 3,431,267 Wisconsin State (GO) Series 1 (AMBAC) 5.000%, 05/01/19............................. 6,320 6,520,913 Wisconsin State (GO) Series 1 (ETM) 5.000%, 05/01/20............................. 120 126,941 Wisconsin State (GO) Series 2 5.000%, 11/01/19............................. 4,000 4,186,440 5.000%, 11/01/21............................. 6,160 6,765,897 5.000%, 11/01/22............................. 3,000 3,360,540 Wisconsin State (GO) Series A 5.000%, 05/01/19............................. 8,440 8,708,307 Wisconsin State (GO) Series B 5.000%, 05/01/19............................. 4,620 4,766,870 5.000%, 05/01/20............................. 11,930 12,653,793 5.000%, 05/01/21............................. 9,655 10,487,647 -------------- TOTAL WISCONSIN.......................................... 89,055,163 -------------- TOTAL MUNICIPAL BONDS.................................... 2,514,835,272 -------------- TOTAL INVESTMENT SECURITIES.............................. 2,514,835,272 -------------- SHORT-TERM INVESTMENTS -- (0.6%) University of Michigan, 1.290%, 06/07/18..... 16,085,000 16,077,440 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,546,094,992).................................. $2,530,912,712 ==============
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Municipal Bonds............... -- $2,514,835,272 -- $2,514,835,272 SHORT-TERM INVESTMENTS -- (0.6%)....................... 16,077,440 16,077,440 -- -------------- -- -------------- TOTAL......................... -- $2,530,912,712 -- $2,530,912,712 == ============== == ==============
See accompanying Notes to Financial Statements. 148 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ------ ------ (000) MUNICIPAL BONDS -- (100.0%) ALABAMA -- (0.5%) Alabama State (GO) Series A 5.000%, 08/01/19............................. $3,995 $ 4,151,364 5.000%, 08/01/21............................. 250 273,213 Alabama State (GO) Series B 5.000%, 11/01/19............................. 1,000 1,046,460 Alabama State (GO) Series C 5.000%, 08/01/24............................. 3,000 3,449,910 ----------- TOTAL ALABAMA.................................... 8,920,947 ----------- ALASKA -- (0.5%) Borough of North Slope (GO) Series A 4.000%, 06/30/18............................. 400 401,528 City of Anchorage (GO) Series B 5.000%, 09/01/21............................. 3,845 4,192,704 5.000%, 09/01/23............................. 200 225,546 City of Anchorage (GO) Series C 5.000%, 09/01/24............................. 2,765 3,160,367 ----------- TOTAL ALASKA..................................... 7,980,145 ----------- ARIZONA -- (0.4%) City of Tucson (GO) Series C 3.000%, 07/01/22............................. 1,455 1,500,454 Maricopa County Community College District (GO) 4.000%, 07/01/18............................. 4,000 4,014,960 Maricopa County High School District No. 210-Phoenix (GO) 3.000%, 07/01/23............................. 1,810 1,869,531 ----------- TOTAL ARIZONA.................................... 7,384,945 ----------- ARKANSAS -- (0.7%) Arkansas State (GO) 5.000%, 04/01/21............................. 1,000 1,083,900 5.000%, 06/15/21............................. 3,750 4,084,912 5.000%, 04/01/22............................. 2,800 3,100,188 4.250%, 06/01/23............................. 3,325 3,642,538 ----------- TOTAL ARKANSAS................................... 11,911,538 ----------- CALIFORNIA -- (1.7%) California State (GO) 5.000%, 11/01/24............................. 1,175 1,362,377 5.000%, 08/01/25............................. 750 880,065 5.000%, 08/01/26............................. 8,000 9,501,520 3.500%, 08/01/27............................. 800 863,600 5.000%, 11/01/27............................. 5,580 6,731,879 California State (GO) Series B 5.000%, 09/01/21............................. 250 274,213 5.000%, 09/01/25............................. 9,000 10,570,680 ----------- TOTAL CALIFORNIA................................. 30,184,334 -----------
FACE AMOUNT VALUE+ ------ ------ (000) COLORADO -- (1.3%) Adams & Arapahoe Joint School District 28J (GO) (ST AID WITHHLDG) 5.000%, 12/01/21............................. $ 425 $ 467,292 Arapahoe County School District No. 5 (GO) (ST AID WITHHLDG) 5.000%, 12/15/19............................. 3,115 3,271,809 5.000%, 12/15/19............................. 5,705 5,992,189 Boulder County (RB) 5.000%, 07/15/18............................. 540 543,629 Boulder Valley School District No. Re-2 Boulder (GO) Series B (ST AID WITHHLDG) 4.000%, 12/01/24............................. 2,185 2,395,219 Denver City & County School District No. 1 (GO) Series A (NATL-RE) (ST AID WITHHLDG) 5.250%, 12/01/21............................. 2,490 2,759,144 Denver City & County School District No. 1 (GO) Series C (ST AID WITHHLDG) 3.000%, 12/01/23............................. 1,540 1,596,133 Platte River Power Authority (RB) Series JJ 5.000%, 06/01/23............................. 4,425 4,981,134 ----------- TOTAL COLORADO................................... 22,006,549 ----------- CONNECTICUT -- (0.7%) City of Middletown (GO) 4.000%, 04/01/22............................. 1,350 1,450,089 Connecticut State (GO) Series A 5.000%, 10/15/18............................. 3,300 3,347,520 5.000%, 10/15/19............................. 600 624,324 Connecticut State (GO) Series B (AMBAC) 5.250%, 06/01/18............................. 6,800 6,818,700 ----------- TOTAL CONNECTICUT................................ 12,240,633 ----------- DELAWARE -- (0.7%) Delaware State (GO) Series A 5.000%, 08/01/23............................. 2,225 2,528,534 Delaware State (GO) Series B 5.000%, 07/01/18............................. 2,395 2,407,933 5.000%, 07/01/19............................. 4,335 4,496,002 Delaware State (GO) Series B (ETM) 5.000%, 07/01/19............................. 345 357,165 New Castle County (GO) 5.000%, 10/01/23............................. 1,000 1,139,420 New Castle County (GO) Series B 5.000%, 07/15/22............................. 700 780,633 ----------- TOTAL DELAWARE................................... 11,709,687 -----------
149 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) DISTRICT OF COLUMBIA -- (1.9%) District of Columbia (GO) Series A 5.000%, 06/01/20............................. $3,445 $ 3,660,347 5.000%, 06/01/20............................. 6,000 6,375,060 5.000%, 06/01/23............................. 2,000 2,257,500 5.000%, 06/01/25............................. 1,500 1,745,115 District of Columbia (GO) Series B 5.000%, 06/01/25............................. 4,500 5,235,345 Washington Metropolitan Area Transit Authority (RB) Series B 5.000%, 07/01/26............................. 3,500 4,114,180 5.000%, 07/01/27............................. 8,100 9,632,115 ----------- TOTAL DISTRICT OF COLUMBIA....................... 33,019,662 ----------- FLORIDA -- (3.1%) Board of Governors State University System of Florida (RB) Series A 3.000%, 07/01/24............................. 2,580 2,639,856 City of Jacksonville (RB) 5.000%, 10/01/18............................. 315 319,212 City of Tallahassee Energy System Revenue (RB) 5.000%, 10/01/20............................. 250 268,012 Florida State (GO) 5.000%, 07/01/21............................. 7,000 7,633,780 5.000%, 07/01/24............................. 5,000 5,746,750 Florida State (GO) Series A (ST GTD) 5.000%, 06/01/27............................. 6,565 7,873,076 Florida State Board of Education (GO) Series A 5.000%, 06/01/19............................. 2,860 2,959,328 5.000%, 06/01/20............................. 4,000 4,245,800 5.000%, 06/01/23............................. 1,300 1,468,701 5.000%, 06/01/24............................. 1,400 1,606,486 Florida State Board of Education (GO) Series B 5.000%, 06/01/20............................. 6,400 6,793,280 5.000%, 06/01/23............................. 350 395,419 Florida State Board of Education (GO) Series C 5.000%, 06/01/20............................. 3,000 3,184,350 Florida State Board of Education (GO) Series D 5.000%, 06/01/22............................. 1,000 1,109,100 Orlando Utilities Commission (RB) Series C 5.250%, 10/01/22............................. 1,745 1,966,894 Peace River/Manasota Regional Water Supply Authority (RB) 5.000%, 10/01/25............................. 2,030 2,349,157 Tampa Bay Water (RB) 5.000%, 10/01/19............................. 450 469,944
FACE AMOUNT VALUE+ ------ ------ (000) FLORIDA -- (Continued) Tampa Bay Water (RB) Series A 5.000%, 10/01/25............................. $ 2,850 $ 3,335,697 ----------- TOTAL FLORIDA.................................... 54,364,842 ----------- GEORGIA -- (3.4%) City of Atlanta (GO) 5.000%, 12/01/19............................. 5,875 6,164,696 City of Atlanta Water & Wastewater Revenue (RB) Series B 5.000%, 11/01/19............................. 1,700 1,778,455 Columbia County School District (GO) (ST AID WITHHLDG) 5.000%, 04/01/20............................. 1,700 1,799,552 DeKalb County Water & Sewerage Revenue (RB) Series B 5.250%, 10/01/24............................. 2,830 3,292,139 Georgia State (GO) Series A-1 5.000%, 02/01/22............................. 2,730 3,017,933 Georgia State (GO) Series C 5.000%, 10/01/21............................. 3,060 3,359,299 Georgia State (GO) Series C-1 5.000%, 07/01/23............................. 10,915 12,393,109 5.000%, 07/01/26............................. 9,200 10,948,552 Georgia State (GO) Series F 5.000%, 12/01/19............................. 6,000 6,296,820 Georgia State (GO) Series I 5.000%, 07/01/19............................. 4,490 4,656,759 5.000%, 07/01/20............................. 900 959,445 Gwinnett County School District (GO) 5.000%, 02/01/20............................. 1,700 1,791,902 5.000%, 02/01/20............................. 1,585 1,670,685 ----------- TOTAL GEORGIA.................................... 58,129,346 ----------- HAWAII -- (2.5%) City & County of Honolulu (GO) Series B 5.000%, 08/01/20............................. 1,470 1,569,078 5.000%, 10/01/23............................. 200 226,900 5.000%, 10/01/24............................. 6,870 7,908,194 5.000%, 10/01/25............................. 4,925 5,760,674 Hawaii State (GO) Series EA 5.000%, 12/01/21............................. 850 934,890 Hawaii State (GO) Series EE 5.000%, 11/01/20............................. 515 552,976 Hawaii State (GO) Series EF 5.000%, 11/01/22............................. 2,240 2,508,173 Hawaii State (GO) Series EH 4.000%, 08/01/19............................. 1,110 1,139,681 Hawaii State (GO) Series ET 3.000%, 10/01/23............................. 3,710 3,843,375 Hawaii State (GO) Series EZ 5.000%, 10/01/21............................. 6,080 6,664,166
150 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) HAWAII -- (Continued) Hawaii State (GO) Series FT 5.000%, 01/01/27.............................. $10,000 $11,850,700 ----------- TOTAL HAWAII....................................... 42,958,807 ----------- IOWA -- (0.1%) City of Ankeny (GO) Series D 4.000%, 06/01/18.............................. 700 701,281 County of Black Hawk IA (GO) Series A 5.000%, 06/01/19.............................. 1,200 1,241,028 State of Iowa (RB) Series A (ETM) 5.000%, 06/01/18.............................. 275 275,726 ----------- TOTAL IOWA......................................... 2,218,035 ----------- KANSAS -- (1.4%) City of Lenexa (GO) Series A 5.000%, 09/01/21.............................. 525 574,245 City of Wichita (GO) Series A 5.000%, 12/01/19.............................. 3,000 3,145,530 Johnson County (GO) Series B 3.000%, 09/01/22.............................. 2,260 2,336,139 Johnson County Unified School District No. 229 Blue Valley (GO) Series B 5.000%, 10/01/23.............................. 445 506,797 Johnson County Unified School District No. 232 (GO) Series A 5.000%, 09/01/20.............................. 2,550 2,723,885 Johnson County Unified School District No. 233 Olathe (GO) Series B 5.000%, 09/01/23.............................. 4,380 4,967,621 Kansas State Department of Transportation (RB) Series A 5.000%, 09/01/21.............................. 3,250 3,555,955 Kansas State Department of Transportation (RB) Series B 5.000%, 09/01/20.............................. 3,000 3,208,110 Saline County Unified School District No. 305 Salina (GO) 5.000%, 09/01/20.............................. 1,860 1,989,475 Sedgwick County Unified School District No. 260 (GO) 5.000%, 10/01/21.............................. 1,325 1,445,893 Wyandotte County Unified Government (GO) Series A 3.000%, 08/01/18.............................. 580 581,792 ----------- TOTAL KANSAS....................................... 25,035,442 ----------- KENTUCKY -- (0.8%) Louisville & Jefferson County (GO) Series A 5.000%, 12/01/22.............................. 5,645 6,314,384
FACE AMOUNT VALUE+ ------ ------ (000) KENTUCKY -- (Continued) Louisville Water Co. (RB) Series A 4.000%, 11/15/21.............................. $ 1,215 $ 1,292,420 Louisville/Jefferson County Metropolitan Government (GO) 5.000%, 12/01/19.............................. 1,250 1,309,637 Louisville/Jefferson County Metropolitan Government (GO) Series A 5.000%, 12/01/20.............................. 5,155 5,537,965 ----------- TOTAL KENTUCKY..................................... 14,454,406 ----------- LOUISIANA -- (1.5%) Louisiana State (GO) Series A 5.000%, 11/15/19.............................. 4,500 4,710,870 5.000%, 02/01/24.............................. 2,000 2,259,200 Louisiana State (GO) Series C 5.000%, 07/15/22.............................. 12,765 14,126,898 Louisiana State (GO) Series D-1 5.000%, 12/01/20.............................. 4,065 4,357,436 ----------- TOTAL LOUISIANA.................................... 25,454,404 ----------- MAINE -- (0.3%) Maine State (GO) Series B 5.000%, 06/01/20.............................. 3,000 3,188,160 5.000%, 06/01/27.............................. 2,000 2,393,120 ----------- TOTAL MAINE........................................ 5,581,280 ----------- MARYLAND -- (9.2%) Anne Arundel County (GO) 5.000%, 04/01/22.............................. 2,475 2,739,355 Baltimore County (GO) 5.000%, 08/01/21.............................. 1,980 2,161,883 5.000%, 08/01/22.............................. 400 445,680 3.000%, 11/01/24.............................. 1,000 1,035,290 5.000%, 11/01/27.............................. 2,175 2,626,030 5.000%, 03/01/28.............................. 4,000 4,843,360 Baltimore County (GO) Series B 5.000%, 08/01/24.............................. 5,800 6,677,076 Baltimore County (GO) Series C 4.000%, 09/01/18.............................. 2,410 2,428,461 Carroll County (GO) 4.000%, 11/01/18.............................. 2,890 2,923,206 5.000%, 11/01/19.............................. 2,300 2,407,893 5.000%, 11/01/20.............................. 5,450 5,853,245 Charles County (GO) 5.000%, 03/01/19.............................. 1,990 2,043,710 Charles County (GO) (ETM) 5.000%, 03/01/19.............................. 10 10,256 City of Baltimore (GO) Series B 5.000%, 10/15/19.............................. 7,330 7,663,735 5.000%, 10/15/21.............................. 2,500 2,738,475 5.000%, 10/15/22.............................. 8,060 8,994,073 Frederick County (GO) Series A 5.000%, 08/01/27.............................. 4,725 5,686,065
151 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) MARYLAND -- (Continued) Harford County (GO) 5.000%, 09/15/19.............................. $ 1,545 $ 1,611,976 Howard County (GO) Series D 5.000%, 02/15/24.............................. 5,140 5,875,688 Maryland State (GO) Series B 5.000%, 03/01/19.............................. 4,680 4,806,313 5.000%, 08/01/19.............................. 2,500 2,598,475 5.000%, 08/01/26.............................. 10,000 11,868,700 Maryland State (GO) Series C 5.000%, 11/01/18.............................. 5,000 5,081,600 5.000%, 08/01/19.............................. 3,000 3,118,170 5.000%, 08/01/20.............................. 7,250 7,735,315 Montgomery County (GO) Series C 5.000%, 10/01/27.............................. 8,500 10,248,705 Montgomery County (GO) Series D 3.000%, 11/01/23.............................. 4,000 4,145,920 4.000%, 11/01/26.............................. 9,500 10,569,415 Prince George's County (GO) Series A 3.000%, 09/15/27.............................. 10,950 11,247,621 Prince George's County (GO) Series B 5.000%, 09/15/18.............................. 2,000 2,024,380 4.000%, 03/01/22.............................. 2,480 2,649,657 Prince George's County (GO) Series C 5.000%, 08/01/20.............................. 3,450 3,682,530 Queen Anne's County (GO) 5.000%, 11/15/19.............................. 1,805 1,891,839 University System of Maryland (RB) Series B 5.000%, 04/01/20.............................. 4,355 4,610,029 Washington Suburban Sanitary Commission (GO) Series A 4.000%, 06/01/18.............................. 1,550 1,552,852 Worcester County (GO) Series B 4.000%, 08/01/21.............................. 2,000 2,117,340 ------------ TOTAL MARYLAND..................................... 158,714,318 ------------ MASSACHUSETTS -- (4.2%) City of Boston (GO) Series A 5.000%, 03/01/20.............................. 3,270 3,455,703 City of Boston (GO) Series B 5.000%, 04/01/19.............................. 4,700 4,839,966 4.000%, 01/01/23.............................. 1,795 1,939,910 5.000%, 04/01/24.............................. 3,000 3,449,010 City of Cambridge (GO) 3.000%, 02/15/20.............................. 2,070 2,111,607 City of Springfield (GO) Series C (ST AID WITHHLDG) 4.000%, 08/01/23.............................. 150 162,147 City of Woburn (GO) 4.000%, 09/01/22.............................. 350 376,331 Commonwealth of Massachusetts (GO) Series C 5.000%, 04/01/23.............................. 10,000 11,262,400
FACE AMOUNT VALUE+ ------ ------ (000) MASSACHUSETTS -- (Continued) Commonwealth of Massachusetts (GO) Series B 5.000%, 08/01/18.............................. $2,500 $ 2,520,500 5.250%, 08/01/21.............................. 5,000 5,495,050 Commonwealth of Massachusetts (GO) Series B (AGM) 5.250%, 09/01/24.............................. 3,700 4,306,319 Commonwealth of Massachusetts (GO) Series C 5.000%, 08/01/20.............................. 2,500 2,666,200 5.000%, 10/01/21.............................. 1,005 1,100,515 5.000%, 08/01/24.............................. 1,500 1,722,135 Commonwealth of Massachusetts (GO) Series C (AMBAC) 5.500%, 12/01/23.............................. 3,500 4,079,355 Commonwealth of Massachusetts (GO) Series E 5.000%, 11/01/27.............................. 9,000 10,790,640 Massachusetts Bay Transportation Authority (RB) Series B (NATL-RE) 5.500%, 07/01/24.............................. 3,020 3,559,010 Massachusetts Water Resources Authority (RB) Series A 5.000%, 08/01/22.............................. 3,000 3,347,760 Massachusetts Water Resources Authority (RB) Series B (AGM) 5.250%, 08/01/28.............................. 1,000 1,233,960 Town of Auburn (GO) 2.000%, 03/15/19.............................. 750 751,800 Town of Nantucket (GO) 3.000%, 10/01/22.............................. 1,115 1,151,840 Town of Wilmington (GO) 5.000%, 03/15/20.............................. 1,665 1,760,904 ----------- TOTAL MASSACHUSETTS................................ 72,083,062 ----------- MICHIGAN -- (0.9%) Kentwood Public Schools (GO) 4.000%, 05/01/22.............................. 500 530,515 Michigan State (GO) 5.000%, 11/01/19.............................. 4,400 4,607,064 Michigan State (GO) Series A 5.000%, 05/01/25.............................. 2,000 2,321,940 Michigan State Comprehensive Transportation Revenue (RB) (AGM) 5.250%, 05/15/21.............................. 1,000 1,091,250 Michigan State Trunk Line Revenue (RB) 5.000%, 11/15/18.............................. 5,000 5,086,300 University of Michigan (RB) Series A 4.000%, 04/01/23.............................. 1,000 1,083,390 ----------- TOTAL MICHIGAN..................................... 14,720,459 -----------
152 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) MINNESOTA -- (3.9%) Bloomington Independent School District No. 271 (GO) Series A (SD CRED PROG) 5.000%, 02/01/20............................. $ 1,150 $ 1,210,743 City of Edina (GO) Series B 3.000%, 02/01/19............................. 305 307,904 City of State Cloud (GO) Series B 5.000%, 02/01/21............................. 1,275 1,376,362 Dakota County Community Development Agency (RB) Series B (CNTY GTD) 5.000%, 01/01/23............................. 800 899,888 Elk River Independent School District No. 728 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21............................. 5,000 5,390,500 Hennepin County (GO) Series C 5.000%, 12/01/26............................. 4,070 4,868,697 5.000%, 12/01/27............................. 5,800 7,028,440 Lakeville Minnesota Independent School District No. 194 (GO) Series D (SD CRED PROG) 5.000%, 02/01/22............................. 4,000 4,403,640 Metropolitan Council (GO) Series C 5.000%, 03/01/26............................. 700 826,462 Minnesota State (GO) 5.000%, 08/01/18............................. 480 483,874 Minnesota State (GO) (ETM) 5.000%, 08/01/18............................. 5 5,039 Minnesota State (GO) Series A 5.000%, 10/01/20............................. 4,390 4,699,846 5.000%, 08/01/22............................. 3,000 3,341,310 Minnesota State (GO) Series B 5.000%, 08/01/20............................. 5,460 5,821,780 5.000%, 10/01/21............................. 4,660 5,102,886 Minnesota State (GO) Series E 2.000%, 08/01/19............................. 1,810 1,814,416 Minnesota State (GO) Series F 5.000%, 10/01/21............................. 12,025 13,167,856 Minnesota State (GO) Series K 5.000%, 11/01/19............................. 3,680 3,851,525 Morris Area Schools Independent School District No. 2769 (GO) Series A (SD CRED PROG) 4.000%, 02/01/24............................. 1,125 1,217,914 Rochester Independent School District No. 535 (GO) Series A (SD CRED PROG) 3.000%, 02/01/22............................. 1,240 1,277,274 Saint Paul Public Library Agency (GO) Series C 5.000%, 03/01/20............................. 250 264,058 ----------- TOTAL MINNESOTA.................................. 67,360,414 -----------
FACE AMOUNT VALUE+ ------ ------ (000) MISSISSIPPI -- (1.1%) Mississippi State (GO) Series A 5.000%, 10/01/27.............................. $9,110 $10,849,646 Mississippi State (GO) Series F 5.000%, 11/01/21.............................. 7,750 8,495,782 ----------- TOTAL MISSISSIPPI.................................. 19,345,428 ----------- MISSOURI -- (1.3%) Cass County Reorganized School District No. R-2 (GO) (ST AID DIR DEP) 5.000%, 03/01/21.............................. 1,000 1,081,560 City of Belton (GO) Series C 5.000%, 03/01/27.............................. 2,150 2,514,038 City of Kansas City (GO) Series A 4.000%, 02/01/22.............................. 1,150 1,227,027 5.000%, 02/01/23.............................. 3,955 4,438,182 Columbia School District (GO) Series B 5.000%, 03/01/23.............................. 1,120 1,266,227 5.000%, 03/01/24.............................. 4,100 4,707,907 North Kansas City School District No. 74 (GO) (ST AID DIR DEP) 4.000%, 03/01/23.............................. 5,335 5,744,728 St. Charles Community College (GO) 3.000%, 02/15/20.............................. 2,245 2,287,341 ----------- TOTAL MISSOURI..................................... 23,267,010 ----------- MONTANA -- (--%) City & County of Butte-Silver Bow (GO) 4.000%, 07/01/21.............................. 615 649,606 ----------- NEBRASKA -- (0.4%) Douglas County School District No. 17 (GO) 4.000%, 12/15/26.............................. 2,260 2,512,080 Lancaster County School District 001 (GO) 5.000%, 01/15/21.............................. 2,470 2,659,869 Metropolitan Utilities District of Omaha (RB) 5.000%, 12/01/20.............................. 1,000 1,075,330 Omaha School District (GO) 4.000%, 12/15/19.............................. 1,365 1,411,369 ----------- TOTAL NEBRASKA..................................... 7,658,648 ----------- NEVADA -- (0.4%) City of Henderson NV (GO) 5.000%, 06/01/21.............................. 490 532,321 Clark County (GO) Series A 5.000%, 07/01/19.............................. 1,725 1,788,860 5.000%, 07/01/25.............................. 2,700 3,136,293
153 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) NEVADA -- (Continued) Nevada State (GO) Series A 5.000%, 08/01/19.............................. $1,825 $ 1,896,887 ----------- TOTAL NEVADA....................................... 7,354,361 ----------- NEW HAMPSHIRE -- (0.9%) City of Dover (GO) 3.000%, 06/15/19.............................. 600 607,938 City of Nashua (GO) 4.000%, 07/15/19.............................. 5,350 5,491,882 4.000%, 07/15/20.............................. 2,720 2,843,787 New Hampshire State (GO) Series A 5.000%, 03/01/23.............................. 5,910 6,655,606 ----------- TOTAL NEW HAMPSHIRE................................ 15,599,213 ----------- NEW JERSEY -- (1.5%) City of Hoboken (GO) 3.000%, 02/01/26.............................. 2,945 2,995,978 3.000%, 02/01/27.............................. 3,035 3,069,933 3.000%, 02/01/28.............................. 4,560 4,579,061 Essex County (GO) Series A 5.000%, 08/01/20.............................. 1,000 1,067,620 Livingston Township (GO) 3.000%, 01/15/21.............................. 350 357,763 Montville Township (GO) 3.000%, 10/01/25.............................. 505 522,332 Morris County (GO) 4.000%, 10/15/20.............................. 2,390 2,505,007 New Jersey Educational Facilities Authority (RB) Series B 5.000%, 07/01/19.............................. 2,330 2,417,095 Princeton Regional School District (GO) (ST AID WITHHLDG) 1.750%, 02/01/22.............................. 1,095 1,072,202 South Orange & Maplewood School District (GO) (SCH BD RES FD) 3.000%, 03/01/22.............................. 350 357,119 Township of Parsippany-Troy Hills (GO) 2.000%, 09/15/22.............................. 4,100 4,012,465 Union County (GO) Series B 3.000%, 03/01/22.............................. 2,315 2,386,950 Union County (GO) Series B (ETM) 3.000%, 03/01/22.............................. 45 46,264 ----------- TOTAL NEW JERSEY................................... 25,389,789 ----------- NEW MEXICO -- (1.1%) City of Albuquerque (GO) Series A 5.000%, 07/01/24.............................. 1,300 1,492,543 Farmington Municipal School District No. 5 (GO) (ST AID WITHHLDG) 4.000%, 09/01/20.............................. 945 988,905
FACE AMOUNT VALUE+ ------ ------ (000) NEW MEXICO -- (Continued) Las Cruces School District No. 2 (GO) Series A (ST AID WITHHLDG) 4.000%, 08/01/19.............................. $ 1,000 $ 1,026,110 4.000%, 08/01/20.............................. 125 130,632 New Mexico State Severance Tax Permanent Fund (RB) Series A 5.000%, 07/01/19.............................. 2,000 2,071,920 5.000%, 07/01/27.............................. 2,000 2,380,100 New Mexico State Severance Tax Permanent Fund (RB) Series B 4.000%, 07/01/20.............................. 4,100 4,278,924 Santa Fe County (GO) 5.000%, 07/01/22.............................. 1,000 1,111,640 Santa Fe Public School District (GO) (ST AID WITHHLDG) 5.000%, 08/01/20.............................. 3,270 3,488,894 5.000%, 08/01/24.............................. 2,000 2,289,940 ----------- TOTAL NEW MEXICO................................... 19,259,608 ----------- NEW YORK -- (4.8%) Brewster Central School District (GO) (ST AID WITHHLDG) 2.000%, 10/01/19.............................. 1,000 1,002,910 City of New York (GO) Series A 5.000%, 08/01/24.............................. 860 984,674 5.000%, 08/01/26.............................. 5,000 5,873,250 City of New York (GO) Series B 5.000%, 08/01/19.............................. 600 623,634 5.000%, 08/01/21.............................. 450 490,595 5.000%, 08/01/22.............................. 600 666,972 City of New York (GO) Series C 5.000%, 08/01/20.............................. 5,625 5,998,950 City of New York (GO) Series D 5.000%, 08/01/22.............................. 1,055 1,172,759 City of New York (GO) Series E 5.000%, 08/01/21.............................. 3,975 4,333,585 5.000%, 08/01/23.............................. 6,000 6,780,420 City of New York (GO) Series G 5.000%, 08/01/19.............................. 3,500 3,637,865 New York State Dormitory Authority (RB) Series A 3.000%, 07/01/20.............................. 1,615 1,652,468 5.000%, 03/15/23.............................. 200 225,424 New York State Dormitory Authority (RB) Series B 5.000%, 02/15/22.............................. 10,200 11,247,336 5.000%, 02/15/24.............................. 4,900 5,578,601 New York State Dormitory Authority (RB) Series C 5.000%, 03/15/19.............................. 825 847,943 New York State Dormitory Authority (RB) Series D 5.000%, 02/15/24.............................. 9,950 11,327,975
154 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) NEW YORK -- (Continued) New York State Dormitory Authority (RB) Series E 5.000%, 03/15/21.............................. $2,000 $ 2,164,720 New York State Urban Development Corp. (RB) Series A 5.000%, 03/15/19.............................. 1,630 1,675,330 5.000%, 03/15/25.............................. 3,440 3,977,294 New York State Urban Development Corp. (RB) Series C 5.000%, 12/15/18.............................. 4,225 4,311,275 Penfield Central School District (GO) (ASSURED GTY) (ST AID WITHHLDG) 3.750%, 06/15/19.............................. 150 153,276 Sachem Central School District (GO) (ST AID WITHHLDG) 5.000%, 10/15/19.............................. 1,300 1,359,566 Town of Cheektowaga (GO) 5.000%, 07/15/23.............................. 300 339,810 Town of Huntington (GO) 2.000%, 12/01/23.............................. 100 98,695 Triborough Bridge & Tunnel Authority (RB) 4.000%, 11/15/27.............................. 1,250 1,398,075 Triborough Bridge & Tunnel Authority (RB) Series B 5.000%, 11/15/20.............................. 4,000 4,300,440 ----------- TOTAL NEW YORK..................................... 82,223,842 ----------- NORTH CAROLINA -- (5.1%) City of Charlotte (GO) Series A 5.000%, 07/01/18.............................. 4,380 4,403,477 City of Charlotte Water & Sewer System Revenue (RB) 5.000%, 07/01/19.............................. 2,000 2,072,640 City of Raleigh (GO) Series A 5.000%, 09/01/22.............................. 2,685 3,003,280 Forsyth County (GO) 4.000%, 12/01/21.............................. 3,500 3,729,425 Guilford County (GO) Series A 5.000%, 02/01/22.............................. 1,800 1,989,846 Guilford County (GO) Series B 5.000%, 05/01/24.............................. 5,000 5,752,250 Johnston County (GO) 4.000%, 02/01/20.............................. 3,735 3,872,336 Johnston County (GO) Series A 5.000%, 02/01/21.............................. 2,995 3,233,911 Moore County (GO) 5.000%, 06/01/22.............................. 2,740 3,036,687 New Hanover County (GO) 4.000%, 08/01/19.............................. 2,280 2,342,677 5.000%, 02/01/23.............................. 250 281,623
FACE AMOUNT VALUE+ ------ ------ (000) NORTH CAROLINA -- (Continued) North Carolina Eastern Municipal Power Agency (RB) Series B (NATL-IBC) (ETM) 6.000%, 01/01/22............................. $9,700 $10,950,136 North Carolina State (GO) Series B 5.000%, 06/01/25............................. 8,000 9,369,600 North Carolina State (GO) Series C 5.000%, 05/01/20............................. 3,270 3,470,386 5.000%, 05/01/21............................. 4,625 5,029,502 North Carolina State (GO) Series D 4.000%, 06/01/21............................. 5,000 5,300,350 4.000%, 06/01/23............................. 8,700 9,448,722 North Carolina State (GO) Series E 5.000%, 05/01/19............................. 5,000 5,160,450 Wake County (GO) 5.000%, 09/01/21............................. 1,450 1,588,953 Wake County (GO) Series C 5.000%, 03/01/24............................. 3,000 3,443,040 ----------- TOTAL NORTH CAROLINA..................................... 87,479,291 ----------- OHIO -- (5.3%) City of Cincinnati (GO) Series A 4.000%, 12/01/21............................. 2,645 2,810,841 City of Cincinnati (GO) Series C 5.000%, 12/01/19............................. 2,955 3,099,293 City of Columbus (GO) Series 1 5.000%, 07/01/22............................. 4,100 4,569,860 City of Columbus (GO) Series A 2.000%, 08/15/20............................. 3,285 3,289,336 3.000%, 07/01/21............................. 470 483,165 3.000%, 07/01/22............................. 700 721,308 2.000%, 08/15/22............................. 6,160 6,063,165 4.000%, 07/01/23............................. 4,995 5,411,183 4.000%, 04/01/27............................. 8,800 9,759,640 Hamilton County Sewer System Revenue (RB) Series A 5.000%, 12/01/21............................. 200 219,612 Ohio Higher Educational Facility Commission (RB) (currency) 5.250%, 07/01/44 (Pre-refunded @ $100, 7/1/20)...................................... 1,875 2,002,125 Ohio State (GO) 5.000%, 09/01/19............................. 6,000 6,252,780 Ohio State (GO) Series A 5.000%, 09/01/19............................. 550 573,172 5.000%, 05/01/20............................. 1,555 1,646,838 3.000%, 02/01/22............................. 500 514,665 5.000%, 08/01/22............................. 4,005 4,453,760 5.000%, 08/01/22............................. 3,000 3,336,150 5.000%, 09/15/22............................. 500 557,345 5.000%, 09/15/22............................. 250 278,673 5.000%, 09/01/25............................. 5,550 6,482,011 Ohio State (GO) Series B 5.000%, 08/01/19............................. 200 207,928
155 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) OHIO -- (Continued) 5.000%, 09/15/19.............................. $2,065 $ 2,154,518 5.000%, 08/01/20.............................. 3,020 3,218,716 5.000%, 06/15/21.............................. 1,500 1,631,130 5.000%, 06/15/22.............................. 4,000 4,438,680 Ohio State (GO) Series C 5.000%, 09/15/21.............................. 1,000 1,093,150 5.000%, 09/15/21.............................. 4,500 4,919,175 5.000%, 08/01/27.............................. 6,880 8,235,429 Upper Arlington City School District (GO) Series A 5.000%, 12/01/27.............................. 3,190 3,856,582 ----------- TOTAL OHIO......................................... 92,280,230 ----------- OKLAHOMA -- (0.1%) City of Oklahoma City (GO) 5.000%, 03/01/19.............................. 1,310 1,344,807 ----------- OREGON -- (1.7%) City of Portland (GO) Series B 4.000%, 06/01/20.............................. 935 975,439 City of Portland Sewer System Revenue (RB) Series A 5.000%, 06/15/26.............................. 1,550 1,824,397 City of Portland Water System Revenue (RB) Series A 5.000%, 04/01/21.............................. 8,000 8,680,640 Clackamas County School District No. 46 Oregon Trail (GO) (SCH BD GTY) 5.000%, 06/15/22.............................. 1,215 1,350,788 Deschutes County Administrative School District No. 1 Bend-La Pine (GO) (SCH BD GTY) 5.000%, 06/15/27.............................. 4,680 5,594,940 Lane County School District No. 4J Eugene (GO) Series A (SCH BD GTY) 5.000%, 06/15/23.............................. 3,355 3,788,298 Oregon State (GO) Series A 5.000%, 05/01/21.............................. 200 217,248 Oregon State (GO) Series G 5.000%, 12/01/24.............................. 2,290 2,648,889 Oregon State Department of Transportation (RB) Series B 5.000%, 11/15/26.............................. 3,500 4,168,815 Portland Community College District (GO) 5.000%, 06/15/18.............................. 760 762,994 ----------- TOTAL OREGON....................................... 30,012,448 ----------- PENNSYLVANIA -- (1.3%) Commonwealth of Pennsylvania (GO) 5.000%, 07/01/18.............................. 1,500 1,507,845
FACE AMOUNT VALUE+ ------ ------ (000) PENNSYLVANIA -- (Continued) Commonwealth of Pennsylvania (GO) Series 1 5.000%, 04/01/22............................. $11,260 $12,329,587 Monroe County (GO) 4.000%, 12/15/18............................. 400 405,540 Montgomery County (GO) 5.000%, 05/01/23............................. 5,255 5,926,484 Pennsylvania Economic Development Financing Authority (RB) Series A 5.000%, 07/01/19............................. 1,300 1,346,592 West View Municipal Authority Water Revenue (RB) 4.000%, 11/15/20............................. 1,100 1,148,015 ----------- TOTAL PENNSYLVANIA............................... 22,664,063 ----------- RHODE ISLAND -- (1.5%) Rhode Island State (GO) Series A 5.000%, 08/01/19............................. 8,000 8,315,120 5.000%, 08/01/22............................. 1,605 1,782,096 Rhode Island State (GO) Series C 5.000%, 08/01/19............................. 9,185 9,546,797 5.000%, 08/01/20............................. 4,870 5,188,254 Rhode Island State (GO) Series D 5.000%, 08/01/22............................. 685 760,583 ----------- TOTAL RHODE ISLAND............................... 25,592,850 ----------- SOUTH CAROLINA -- (3.0%) Beaufort County (GO) Series C (ST AID WITHHLDG) 5.000%, 03/01/22............................. 3,485 3,850,960 Berkeley County School District (GO) Series B (SCSDE) 5.000%, 03/01/22............................. 4,120 4,549,428 Charleston County (GO) Series A 5.000%, 11/01/22............................. 4,780 5,356,659 Charleston County School District (GO) Series A (SCSDE) 5.000%, 02/01/21............................. 2,020 2,180,024 City of Charleston SC Waterworks & Sewer System Revenue (RB) 5.000%, 01/01/20............................. 1,805 1,897,398 City of North Charleston (GO) (ST AID WITHHLDG) 5.000%, 06/01/21............................. 385 418,972 Clemson University (RB) 3.000%, 05/01/21............................. 350 358,897 Dorchester County School District No. 2 (GO) Series B (SCSDE) 5.000%, 03/01/25............................. 1,430 1,657,041 Florence School District One (GO) (SCSDE) 5.000%, 03/01/20............................. 3,335 3,521,293 5.000%, 03/01/21............................. 3,170 3,426,707
156 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) SOUTH CAROLINA -- (Continued) Lexington & Richland School District No. 5 (GO) (SCSDE) 5.000%, 03/01/19............................. $ 945 $ 970,430 Richland County School District No. 1 (GO) Series A (SCSDE) 5.000%, 03/01/20............................. 5,480 5,786,113 Richland County School District No. 2 (GO) Series A (SCSDE) 5.000%, 02/01/21............................. 2,085 2,250,174 South Carolina State (GO) Series A 5.000%, 06/01/19............................. 2,500 2,584,375 South Carolina State (GO) Series A (ST AID WITHHLDG) 5.000%, 10/01/23............................. 5,500 6,266,810 York County (GO) (ST AID WITHHLDG) 5.000%, 04/01/20............................. 1,900 2,010,903 York County School District No. 1 (GO) (SCSDE) 5.000%, 03/01/21............................. 3,790 4,094,754 ----------- TOTAL SOUTH CAROLINA............................. 51,180,938 ----------- TENNESSEE -- (3.1%) City of Clarksville Water Sewer & Gas Revenue (RB) 5.000%, 02/01/20............................. 3,150 3,317,485 City of Johnson City (GO) 3.000%, 06/01/19............................. 875 886,559 City of Maryville (GO) Series A 5.000%, 06/01/22............................. 1,865 2,067,707 City of Memphis (GO) Series A 5.000%, 11/01/22............................. 9,695 10,842,500 5.000%, 04/01/25............................. 1,945 2,255,967 City of Pigeon Forge (GO) 4.000%, 06/01/21............................. 670 709,007 Hamilton County (GO) Series B 3.000%, 03/01/22............................. 4,550 4,698,193 Knox County (GO) 5.000%, 06/01/20............................. 2,585 2,747,674 Maury County (GO) 5.000%, 04/01/21............................. 5,105 5,524,274 Maury County (GO) Series B 5.000%, 04/01/19............................. 1,000 1,029,510 Metropolitan Government of Nashville & Davidson County (GO) 5.000%, 07/01/22............................. 1,000 1,111,220 Metropolitan Government of Nashville & Davidson County (GO) Series A 5.000%, 01/01/20............................. 1,100 1,155,748 Putnam County (GO) 4.000%, 04/01/23............................. 975 1,051,109 Shelby County (GO) Series A 5.000%, 04/01/20............................. 7,000 7,407,190
FACE AMOUNT VALUE+ ------ ------ (000) TENNESSEE -- (Continued) Sumner County (GO) 5.000%, 06/01/21............................. $ 110 $ 119,672 Tennessee State (GO) Series A 4.000%, 09/01/18............................. 3,325 3,350,902 Tennessee State (GO) Series B 5.000%, 08/01/20............................. 1,945 2,077,863 Town of Greeneville (GO) 3.000%, 06/01/21............................. 1,360 1,394,258 Williamson County (GO) Series A 4.000%, 05/01/22............................. 300 321,387 Wilson County (GO) Series B 4.000%, 04/01/20............................. 1,040 1,081,049 ----------- TOTAL TENNESSEE.......................................... 53,149,274 ----------- TEXAS -- (14.4%) Aldine Independent School District (GO) (PSF-GTD) 5.000%, 02/15/25............................. 4,750 5,477,177 Austin Independent School District (GO) (PSF-GTD) 5.000%, 08/01/20............................. 350 372,873 City of Arlington (GO) Series A 3.000%, 08/15/20............................. 1,700 1,736,244 City of Austin (GO) 5.000%, 09/01/20............................. 1,655 1,769,807 City of Dallas (GO) 5.000%, 02/15/21............................. 9,505 10,206,754 City of Denton (GO) 4.000%, 02/15/22............................. 2,510 2,671,318 City of El Paso (GO) 5.000%, 08/15/19............................. 3,505 3,647,338 City of Fort Worth (GO) Series A 5.000%, 03/01/25............................. 5,000 5,749,800 City of Fort Worth Water & Sewer System (RB) 5.000%, 02/15/19............................. 400 410,224 City of Houston (GO) Series A 5.000%, 03/01/21............................. 3,100 3,339,506 5.000%, 03/01/22............................. 5,890 6,467,456 City of Houston Combined Utility System Revenue (RB) (ASSURED GTY) (currency) 5.375%, 11/15/38 (Pre-refunded @ $100, 5/15/19)..................................... 4,735 4,902,998 City of Lubbock (GO) 5.000%, 02/15/19............................. 3,000 3,075,000 5.000%, 02/15/23............................. 1,000 1,119,260 City of Richardson (GO) 5.000%, 02/15/27............................. 1,715 2,030,457 City of San Antonio (GO) 5.000%, 02/01/20............................. 1,000 1,054,060 City of San Antonio Electric & Gas Systems Revenue (RB) 5.000%, 02/01/21............................. 720 775,836 5.000%, 02/01/21............................. 3,000 3,232,650
157 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) TEXAS -- (Continued) City of San Antonio Electric & Gas Systems Revenue (RB) Series D 5.000%, 02/01/19............................. $ 400 $ 409,748 City of Southlake (GO) 3.000%, 02/15/23............................. 1,510 1,558,305 Clear Creek Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/25............................. 2,175 2,509,450 Cypress-Fairbanks Independent School District (GO) (PSF-GTD) 5.000%, 02/15/21............................. 3,500 3,775,135 Dallas Area Rapid Transit (RB) Series B 5.000%, 12/01/21............................. 2,545 2,793,621 Dallas Independent School District (GO) (PSF-GTD) 5.000%, 02/15/19............................. 3,480 3,567,835 El Paso Independent School District (GO) (PSF-GTD) 5.000%, 08/15/24............................. 500 572,905 Galveston County (GO) 5.000%, 02/01/22............................. 1,000 1,099,390 Grayson County (GO) 5.000%, 01/01/21............................. 1,990 2,132,802 Harris County (GO) Series A 4.000%, 10/01/18............................. 880 888,184 5.000%, 10/01/19............................. 4,345 4,536,310 5.000%, 10/01/19............................. 3,500 3,654,105 Harris County Metropolitan Transit Authority (RB) Series B (ETM) 4.000%, 11/01/18............................. 400 404,396 Hays Consolidated Independent School District (GO) (PSF-GTD) 5.000%, 08/15/23............................. 1,355 1,532,464 Hidalgo County Drain District No. 1 (GO) 5.000%, 09/01/22............................. 1,000 1,108,040 Highland Park Independent School District (GO) (PSF-GTD) 5.000%, 02/15/20............................. 1,790 1,885,318 Houston Higher Education Finance Corp. (RB) Series A (currency) 6.875%, 05/15/41 (Pre-refunded @ $100, 5/15/21)..................................... 3,225 3,662,374 Humble Independent School District (GO) Series A (PSF-GTD) 2.000%, 02/15/19............................. 100 100,193 5.500%, 02/15/25............................. 7,000 8,307,810 Katy Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/20............................. 3,820 4,023,415 La Porte Independent School District (GO) 5.000%, 02/15/21............................. 1,700 1,831,733
FACE AMOUNT VALUE+ ------ ------ (000) TEXAS -- (Continued) Lake Travis Independent School District (GO) (PSF-GTD) 5.000%, 02/15/20.............................. $ 3,480 $ 3,665,310 Mansfield Independent School District (GO) 5.000%, 02/15/20.............................. 1,000 1,054,880 Mansfield Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/22.............................. 895 987,588 North Texas Municipal Water District Water System Revenue (RB) 5.000%, 09/01/24.............................. 5,715 6,539,332 Northside Independent School District (GO) (PSF-GTD) 5.000%, 02/15/23.............................. 4,535 5,078,021 5.000%, 08/15/25.............................. 1,880 2,185,782 Northside Independent School District (GO) Series A (PSF-GTD) 4.000%, 08/15/24.............................. 5,215 5,670,426 Northwest Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/24.............................. 1,695 1,927,774 Permanent University Fund (RB) 5.000%, 07/01/23.............................. 3,500 3,966,655 Permanent University Fund - University of Texas System (RB) Series B 5.000%, 07/01/26.............................. 5,500 6,496,160 Plano Independent School District (GO) (PSF-GTD) 5.000%, 02/15/24.............................. 11,000 12,504,250 San Antonio Independent School District (GO) (PSF-GTD) 5.000%, 02/15/20.............................. 4,100 4,318,325 Spring Independent School District (GO) (BAM) 5.000%, 08/15/24.............................. 4,985 5,683,797 Spring Independent School District (GO) (PSF-GTD) 5.000%, 08/15/19.............................. 5,000 5,201,100 Tarrant Regional Water District (RB) 6.000%, 09/01/24.............................. 3,450 4,164,012 Texas A&M University (RB) Series B 5.000%, 05/15/21.............................. 4,000 4,349,280 Texas State (GO) 5.000%, 04/01/19.............................. 4,500 4,631,535 5.000%, 04/01/23.............................. 10,000 11,257,500 5.000%, 10/01/23.............................. 15,345 17,425,629 5.000%, 04/01/25.............................. 1,000 1,160,560 Texas State (GO) Series A 5.000%, 10/01/19.............................. 1,900 1,983,657
158 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) TEXAS -- (Continued) Texas Transportation Commission State Highway Fund (RB) 5.250%, 04/01/26............................. $ 300 $ 358,185 5.000%, 10/01/26............................. 4,340 5,136,911 Texas Transportation Commission State Highway Fund (RB) Series A 5.000%, 04/01/19............................. 5,000 5,148,900 5.000%, 04/01/20............................. 7,900 8,351,880 Trinity River Authority Central Regional Wastewater System Revenue (RB) 5.000%, 08/01/27............................. 3,150 3,756,312 University of Texas System (The) (RB) Series J 5.000%, 08/15/25............................. 2,500 2,928,400 5.000%, 08/15/26............................. 1,500 1,781,505 Via Metropolitan Transit (RB) 5.000%, 07/15/20............................. 2,495 2,656,551 ------------ TOTAL TEXAS...................................... 248,762,508 ------------ UTAH -- (1.0%) North Davis County Sewer District (RB) 3.000%, 03/01/21............................. 2,135 2,189,272 Utah State (GO) 5.000%, 07/01/22............................. 11,285 12,578,261 Utah State (GO) Series C 5.000%, 07/01/19............................. 1,100 1,140,854 Washington County School District Board of Education (GO) (SCH BD GTY) 5.000%, 03/01/20............................. 2,135 2,251,485 ------------ TOTAL UTAH....................................... 18,159,872 ------------ VERMONT -- (0.2%) Vermont State (GO) Series B 5.000%, 08/15/23............................. 1,270 1,445,133 Vermont State (GO) Series C 4.000%, 08/15/23............................. 225 244,865 Vermont State (GO) Series F 5.000%, 08/15/20............................. 1,100 1,177,440 ------------ TOTAL VERMONT.................................... 2,867,438 ------------ VIRGINIA -- (3.3%) City of Hampton (GO) Series B (ST AID WITHHLDG) 5.000%, 09/01/21............................. 3,000 3,285,450 5.000%, 09/01/22............................. 2,050 2,291,203 City of Lynchburg (GO) 5.000%, 02/01/20............................. 1,390 1,464,407 City of Newport News (GO) Series A 2.000%, 07/15/18............................. 515 515,324
FACE AMOUNT VALUE+ ------ ------ (000) VIRGINIA -- (Continued) City of Norfolk (GO) Series C (ST AID WITHHLDG) 5.000%, 10/01/19............................. $2,505 $ 2,615,646 City of Richmond (GO) Series A (ST AID WITHHLDG) 5.000%, 03/01/21............................. 1,370 1,481,340 City of Richmond (GO) Series B 5.000%, 07/15/25............................. 5,350 6,230,236 City of Richmond (GO) Series B (ST AID WITHHLDG) 5.000%, 07/15/26............................. 3,635 4,284,393 City of Roanoke (GO) (ST AID WITHHLDG) 4.000%, 04/01/20............................. 1,000 1,039,850 Commonwealth of Virginia (GO) Series B 4.000%, 06/01/23............................. 2,500 2,711,400 Fairfax County (GO) Series A (ST AID WITHHLDG) 5.000%, 10/01/19............................. 2,500 2,611,150 5.000%, 10/01/19............................. 3,880 4,052,505 Fairfax County (GO) Series C (ST AID WITHHLDG) 5.000%, 10/01/19............................. 6,925 7,232,885 Loudoun County (GO) Series A (ST AID WITHHLDG) 5.000%, 12/01/22............................. 4,000 4,489,120 Pittsylvania County (GO) (ST AID WITHHLDG) 5.000%, 02/01/21............................. 250 268,970 Spotsylvania County Water & Sewer System Revenue (RB) 5.000%, 06/01/19............................. 2,885 2,983,003 University of Virginia (RB) Series B 5.000%, 08/01/21............................. 6,250 6,832,375 Virginia Resources Authority (RB) Series B 4.000%, 10/01/19............................. 2,000 2,061,420 Virginia Resources Authority (RB) Series D 5.000%, 11/01/20............................. 745 800,689 ----------- TOTAL VIRGINIA................................... 57,251,366 ----------- WASHINGTON -- (6.9%) Benton County School District No. 400 Richland (GO) (SCH BD GTY) 5.000%, 12/01/22............................. 4,705 5,262,919 City of Seattle (GO) 5.000%, 12/01/19............................. 1,500 1,574,205 5.000%, 12/01/20............................. 2,745 2,956,090 City of Seattle Drainage & Wastewater Revenue (RB) 5.000%, 09/01/20............................. 3,665 3,920,121 5.000%, 07/01/27............................. 8,400 10,019,016
159 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) WASHINGTON -- (Continued) City of Seattle Municipal Light & Power Revenue (RB) 5.000%, 09/01/20............................. $ 350 $ 374,196 City of Seattle Municipal Light & Power Revenue (RB) Series A 5.000%, 06/01/19............................. 1,525 1,576,972 5.000%, 06/01/22............................. 310 344,078 City of Seattle Water System Revenue (RB) 5.000%, 09/01/22............................. 6,000 6,695,400 Clark County School District No. 119 Battleground (GO) (SCH BD GTY) 4.000%, 12/01/21............................. 1,000 1,064,480 4.000%, 12/01/22............................. 2,630 2,825,646 County of Kitsap WA (GO) 5.000%, 06/01/21............................. 200 217,274 King County (GO) 5.000%, 01/01/21............................. 425 457,674 King County (GO) Series A 5.000%, 07/01/19............................. 1,110 1,151,225 5.000%, 07/01/20............................. 2,650 2,824,449 King County (GO) Series E 5.000%, 12/01/19............................. 1,300 1,364,311 5.000%, 12/01/25............................. 955 1,121,800 King County School District No. 403 Renton (GO) (SCH BD GTY) 5.000%, 12/01/19............................. 1,150 1,205,971 King County School District No. 405 Bellevue (GO) (SCH BD GTY) 5.000%, 12/01/18............................. 1,500 1,528,185 King County School District No. 411 Issaquah (GO) (SCH BD GTY) 5.000%, 12/01/23............................. 3,500 3,992,205 King County School District No. 412 (GO) (SCH BD GTY) 4.000%, 12/01/21............................. 1,000 1,065,190 King County Sewer Revenue (RB) Series B 5.000%, 07/01/22............................. 1,000 1,111,640 North Thurston Public Schools (GO) (SCH BD GTY) 5.000%, 12/01/20............................. 2,880 3,097,699 Skagit County School District No. 103 (GO) (SCH BD GTY) 5.000%, 12/01/19............................. 1,925 2,017,766 5.000%, 12/01/20............................. 2,245 2,415,889 Snohomish County Public Utility District No. 1 (RB) 5.000%, 12/01/19............................. 1,655 1,736,873 Snohomish County School District No. 15 Edmonds (GO) (SCH BD GTY) 5.000%, 12/01/20............................. 2,555 2,748,132
FACE AMOUNT VALUE+ ------ ------ (000) WASHINGTON -- (Continued) Snohomish County School District No. 201 Snohomish (GO) (SCH BD GTY) 5.000%, 12/01/25............................. $4,000 $4,674,560 Snohomish County School District No. 6 Mukilteo (GO) (SCH BD GTY) 5.000%, 12/01/18............................. 2,000 2,037,480 Spokane County (GO) 5.000%, 12/01/22............................. 1,025 1,146,545 Tacoma Metropolitan Park District (GO) Series B 5.000%, 12/01/21............................. 150 164,654 Thurston County School District No. 111 (GO) (SCH BD GTY) 5.000%, 12/01/21............................. 425 467,292 University of Washington (RB) Series A 5.000%, 07/01/22............................. 6,505 7,236,682 Washington State (GO) Series 2010A 5.000%, 08/01/18............................. 500 504,060 Washington State (GO) Series 2013A 5.000%, 08/01/21............................. 225 245,669 Washington State (GO) Series A 5.000%, 08/01/23............................. 750 850,725 Washington State (GO) Series B 5.000%, 07/01/25............................. 1,500 1,747,725 Washington State (GO) Series D 5.000%, 02/01/19............................. 900 921,528 Washington State (GO) Series E 5.000%, 02/01/19............................. 2,000 2,047,840 Washington State (GO) Series R-2012C 4.000%, 07/01/21............................. 1,610 1,705,666 Washington State (GO) Series R-2012D 5.000%, 07/01/20............................. 5,000 5,323,650 Washington State (GO) Series R-2013A 5.000%, 07/01/21............................. 7,000 7,629,300 Washington State (GO) Series R-2015 5.000%, 07/01/18............................. 1,000 1,005,380 5.000%, 07/01/22............................. 3,720 4,138,426 Washington State (GO) Series R-2015C 5.000%, 07/01/20............................. 2,000 2,129,460 Washington State (GO) Series R-2015E 5.000%, 07/01/21............................. 5,000 5,449,500 Washington State (GO) Series R-C 5.000%, 07/01/19............................. 1,750 1,813,752
160 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) WASHINGTON -- (Continued) Washington State (GO) Series R-D 5.000%, 07/01/23.............................. $3,800 $ 4,302,702 ------------ TOTAL WASHINGTON................................... 120,212,002 ------------ WEST VIRGINIA -- (0.6%) Jefferson County Board of Education (GO) (WV BD COMM) 4.000%, 05/01/20.............................. 130 135,118 West Virginia State (GO) Series A 5.000%, 06/01/19.............................. 9,525 9,850,660 ------------ TOTAL WEST VIRGINIA................................ 9,985,778 ------------ WISCONSIN -- (1.3%) City of Milwaukee (GO) Series N1 5.000%, 02/01/19.............................. 6,220 6,364,553 City of Oshkosh (GO) Series B 3.000%, 12/01/23.............................. 445 459,805 Oregon School District (GO) 3.000%, 03/01/21.............................. 430 439,262
FACE AMOUNT VALUE+ ------ ------ (000) WISCONSIN -- (Continued) Sun Prairie Area School District (GO) 4.000%, 03/01/20............................. $ 570 $ 590,794 Wisconsin State (GO) Series 1 (AMBAC) 5.000%, 05/01/19............................. 2,150 2,218,348 Wisconsin State (GO) Series 2 5.000%, 11/01/20............................. 5,610 6,025,084 Wisconsin State (GO) Series 3 5.000%, 11/01/22............................. 3,110 3,483,760 Wisconsin State (GO) Series C 5.000%, 05/01/20............................. 3,295 3,494,908 -------------- TOTAL WISCONSIN.................................. 23,076,514 -------------- TOTAL MUNICIPAL BONDS............................ 1,731,200,139 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,752,341,146).......................... $1,731,200,139 ==============
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Municipal Bonds............... -- $1,731,200,139 -- $1,731,200,139 -- -------------- -- -------------- TOTAL......................... -- $1,731,200,139 -- $1,731,200,139 == ============== == ==============
See accompanying Notes to Financial Statements. 161 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ------ ------ (000) MUNICIPAL BONDS -- (100.0%) CALIFORNIA -- (100.0%) Acton-Agua Dulce Unified School District (GO) Series A (AGM) (currency) 4.500%, 08/01/23............................. $ 850 $ 879,121 Alameda County Transportation Authority (RB) 5.000%, 03/01/20............................. 4,500 4,764,735 Anaheim Union High School District (GO) 5.000%, 08/01/19............................. 400 416,364 5.000%, 08/01/19............................. 7,200 7,494,552 Bay Area Toll Authority (RB) 5.000%, 04/01/19............................. 775 798,297 Bay Area Toll Authority (RB) Series F-1 (currency) 5.000%, 04/01/34 (Pre-refunded @ $100, 4/1/19)...................................... 1,000 1,030,060 (currency) 5.125%, 04/01/39 (Pre-refunded @ $100, 4/1/19)...................................... 8,125 8,378,419 (currency) 5.625%, 04/01/44 (Pre-refunded @ $100, 4/1/19)...................................... 14,075 14,577,618 Bay Area Toll Authority (RB) Series F-2 4.000%, 04/01/21............................. 500 530,350 Berkeley Unified School District (GO) Series A 4.000%, 08/01/19............................. 500 514,250 Berkeley Unified School District (GO) Series D 5.000%, 08/01/23............................. 295 337,285 Berryessa Union School District (GO) (AMBAC) 5.375%, 08/01/18............................. 380 383,599 Beverly Hills Unified School District (GO) 2.000%, 08/01/18............................. 750 750,893 California Educational Facilities Authority (RB) Series A 4.000%, 11/01/19............................. 850 877,761 California Health Facilities Financing Authority (RB) (currency) 6.500%, 10/01/38 (Pre-refunded @ $100, 10/1/18)..................................... 22,630 23,070,832 (currency) 5.000%, 08/15/39 (Pre-refunded @ $100, 8/15/19)..................................... 11,190 11,656,063
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) California Health Facilities Financing Authority (RB) Series A (currency) 6.000%, 07/01/39 (Pre-refunded @ $100, 7/1/19)...................................... $ 6,100 $ 6,393,593 California Health Facilities Financing Authority (RB) Series C (currency) 6.500%, 10/01/33 (Pre-refunded @ $100, 10/1/18)..................................... 9,650 9,837,982 California Municipal Finance Authority (currency) 5.500%, 02/01/39 (Pre-refunded @ $100, 2/1/19)...................................... 7,000 7,197,540 California Municipal Finance Authority (RB) (currency) 5.875%, 10/01/34 (Pre-refunded @ $100, 10/1/18)..................................... 8,000 8,136,960 California State (GO) 5.000%, 08/01/18............................. 5,000 5,042,000 5.000%, 08/01/18............................. 2,200 2,218,480 5.000%, 08/01/18............................. 5,540 5,586,536 5.000%, 09/01/18............................. 250 252,810 5.000%, 09/01/18............................. 4,500 4,550,580 5.000%, 10/01/18............................. 9,500 9,632,905 5.000%, 10/01/18............................. 5,000 5,069,950 5.000%, 11/01/18............................. 2,000 2,033,640 5.000%, 02/01/19............................. 10,940 11,209,124 5.000%, 04/01/19............................. 5,960 6,138,085 5.500%, 04/01/19............................. 11,420 11,812,734 5.000%, 08/01/19............................. 2,340 2,433,647 5.000%, 08/01/19............................. 4,460 4,638,489 5.000%, 09/01/19............................. 1,000 1,042,540 5.000%, 10/01/19............................. 5,340 5,580,460 5.000%, 10/01/19............................. 1,500 1,567,545 5.000%, 10/01/19............................. 5,000 5,225,150 2.000%, 11/01/19............................. 8,000 8,027,040 5.000%, 11/01/19............................. 2,955 3,095,422 5.000%, 02/01/20............................. 12,870 13,572,573 5.000%, 04/01/20............................. 3,705 3,925,559 5.000%, 04/01/20............................. 325 344,347 5.000%, 08/01/20............................. 2,415 2,582,166 5.000%, 08/01/20............................. 3,985 4,260,842 5.000%, 09/01/20............................. 700 750,050 5.000%, 10/01/20............................. 3,410 3,661,556 5.000%, 10/01/20............................. 1,610 1,728,770 5.000%, 10/01/20............................. 1,580 1,696,557 5.000%, 10/01/20............................. 11,000 11,811,470 5.000%, 11/01/20............................. 8,000 8,608,160
162 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) 5.000%, 02/01/21............................. $ 650 $ 703,125 5.000%, 02/01/21............................. 1,575 1,703,725 5.000%, 04/01/21............................. 795 863,585 5.000%, 08/01/21............................. 8,060 8,824,330 5.000%, 09/01/21............................. 7,845 8,604,788 5.000%, 09/01/21............................. 1,570 1,722,054 5.000%, 09/01/21............................. 2,645 2,901,168 5.000%, 10/01/21............................. 5,300 5,823,905 5.000%, 12/01/21............................. 2,000 2,205,560 5.000%, 03/01/22............................. 1,075 1,191,229 5.000%, 04/01/22............................. 1,800 1,997,982 5.000%, 08/01/22............................. 2,250 2,514,712 5.000%, 08/01/22............................. 785 877,355 5.250%, 09/01/22............................. 5,750 6,495,832 5.250%, 10/01/22............................. 500 565,830 California State (GO) Series A (currency) 5.250%, 07/01/21 (Pre-refunded @ $100, 7/1/19)...................................... 4,930 5,130,750 (currency) 5.250%, 07/01/21 (Pre-refunded @ $100, 7/1/19)...................................... 2,820 2,934,830 California State (GO) Series A (ETM) 4.600%, 07/01/19............................. 1,000 1,033,260 5.000%, 07/01/19............................. 6,955 7,218,247 California State (GO) Series B 5.000%, 09/01/18............................. 3,000 3,033,720 5.000%, 09/01/20............................. 3,600 3,857,400 5.000%, 09/01/21............................. 840 921,354 California State Department of Water Resources (RB) Series AS 5.000%, 12/01/19............................. 2,070 2,176,398 5.000%, 12/01/22............................. 3,355 3,790,244 California State Department of Water Resources (RB) Series AS (ETM) 5.000%, 12/01/22............................. 35 39,328 California State Department of Water Resources Power Supply Revenue (RB) Series F-3 (currency) 5.000%, 05/01/21 (Pre-refunded @ $100, 5/1/18)...................................... 5,000 5,000,000 California State Department of Water Resources Power Supply Revenue (RB) Series L 5.000%, 05/01/18............................. 2,680 2,680,000 5.000%, 05/01/19............................. 14,710 15,201,314 5.000%, 05/01/20............................. 2,575 2,737,508 (currency) 5.000%, 05/01/22 (Pre-refunded @ $100, 5/1/20)...................................... 2,500 2,655,750
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) California State Department of Water Resources Power Supply Revenue (RB) Series M 5.000%, 05/01/18............................. $ 500 $ 500,000 4.000%, 05/01/19............................. 1,515 1,550,678 California State Department of Water Resources Power Supply Revenue (RB) Series O 5.000%, 05/01/21............................. 12,855 14,030,333 California State Public Works Board (RB) (currency) 6.375%, 11/01/34 (Pre-refunded @ $100, 11/1/19)..................................... 2,250 2,403,472 California State Public Works Board (RB) Series C (currency) 6.250%, 04/01/34 (Pre-refunded @ $100, 4/1/19)...................................... 2,980 3,103,223 California State Public Works Board (RB) Series G-1 (currency) 5.750%, 10/01/30 (Pre-refunded @ $100, 10/1/19)..................................... 5,735 6,055,529 California State Public Works Board (RB) Series H (ETM) 5.000%, 09/01/21............................. 1,050 1,153,467 California State Public Works Board (RB) Series I-1 (currency) 6.125%, 11/01/29 (Pre-refunded @ $100, 11/1/19)..................................... 5,700 6,067,821 California State University (RB) Series A 5.000%, 11/01/18............................. 150 152,523 5.000%, 11/01/18............................. 1,000 1,016,820 5.000%, 11/01/18............................. 555 564,335 5.000%, 11/01/19............................. 3,660 3,837,803 5.000%, 11/01/19............................. 1,000 1,048,580 5.000%, 11/01/21............................. 2,595 2,865,010 (currency) 5.250%, 11/01/34 (Pre-refunded @ $100, 5/1/19)...................................... 9,275 9,601,109 (currency) 6.000%, 11/01/40 (Pre-refunded @ $100, 5/1/19)...................................... 2,000 2,084,080 California Statewide Communities Dev. Authority (RB) (currency) 6.000%, 05/15/40 (Pre-refunded @ $100, 5/15/18)..................................... 11,435 11,452,496 (currency) 6.000%, 07/01/40 (Pre-refunded @ $100, 1/1/19)...................................... 6,135 6,307,393 (currency) 6.125%, 07/01/46 (Pre-refunded @ $100, 1/1/19)...................................... 2,570 2,644,350
163 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) California Statewide Communities Dev. Authority (RB) (CA MTG INS) (currency) 5.750%, 08/15/38 (Pre-refunded @ $100, 8/15/18)..................................... $ 3,000 $ 3,035,040 California Statewide Communities Dev. Authority (RB) (FHA INS) (currency) 6.625%, 08/01/29 (Pre-refunded @ $100, 8/1/19)...................................... 2,225 2,355,029 Central Marin Sanitation Agency (RB) 3.000%, 09/01/19............................. 1,160 1,180,660 Chabot-Las Positas Community College District (GO) 4.000%, 08/01/22............................. 3,050 3,295,830 Chabot-Las Positas Community College District (GO) Series A 3.000%, 08/01/18............................. 500 501,710 City & County of San Francisco (GO) Series A 4.000%, 06/15/18............................. 620 621,798 4.750%, 06/15/19............................. 650 672,029 5.000%, 06/15/20............................. 750 800,483 City & County of San Francisco (GO) Series R1 5.000%, 06/15/20............................. 865 923,223 5.000%, 06/15/21............................. 250 273,838 City of Berkeley (RN) 3.000%, 07/19/18............................. 9,000 9,026,190 City of Long Beach Harbor Revenue (RB) Series B 5.000%, 05/15/19............................. 815 843,183 City of Long Beach Harbor Revenue (RB) Series C 5.000%, 11/15/18............................. 26,960 27,432,609 City of Los Angeles (GO) Series A 5.000%, 09/01/20............................. 9,400 10,087,798 City of Los Angeles (GO) Series B 5.000%, 09/01/18............................. 7,000 7,078,680 5.000%, 09/01/21............................. 1,250 1,374,450 City of Los Angeles (RN) 5.000%, 06/28/18............................. 18,610 18,708,819 City of Los Angeles Department of Airports (RB) (BHAC-CR) (currency) 5.250%, 05/15/38 (Pre-refunded @ $100, 5/15/18)..................................... 28,500 28,536,480 City of Los Angeles Wastewater System Revenue (RB) Series A (currency) 5.375%, 06/01/39 (Pre-refunded @ $100, 6/1/19)...................................... 17,000 17,667,760
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) City of Los Angeles Wastewater System Revenue (RB) Series B 5.000%, 06/01/21............................. $ 1,400 $ 1,531,880 City of Pasadena Electric Revenue (RB) Series A 5.000%, 06/01/22............................. 385 429,075 City of Sacramento Unified School District (GO) 5.000%, 07/01/24............................. 1,375 1,585,471 City of San Francisco Public Utilities Commission Wastewater Revenue (RB) Series A 5.000%, 10/01/18............................. 800 811,296 City of San Francisco Public Utilities Commission Water Revenue (RB) 5.000%, 11/01/19............................. 5,920 6,209,370 5.000%, 11/01/20............................. 3,825 4,126,486 5.000%, 11/01/21............................. 1,800 1,989,234 4.000%, 11/01/22............................. 3,000 3,258,180 5.000%, 11/01/22............................. 500 564,435 5.000%, 11/01/23............................. 1,835 2,111,975 City of San Francisco Public Utilities Commission Water Revenue (RB) Series A (currency) 5.125%, 11/01/39 (Pre-refunded @ $100, 11/1/19)..................................... 9,000 9,448,290 City of Santa Rosa Wastewater Revenue (RB) Series A 5.000%, 09/01/21............................. 760 834,890 City of Torrance (RN) 2.000%, 07/05/18............................. 13,000 13,008,710 City of Tulare Sewer Revenue (RB) (AGM) 3.000%, 11/15/19............................. 200 203,710 Colton Joint Unified School District (GO) (AGM) 4.000%, 08/01/20............................. 1,000 1,046,860 Conejo Valley Unified School District (GO) 4.000%, 08/01/18............................. 700 704,095 Contra Costa Water District (RB) Series Q 5.000%, 10/01/18............................. 705 714,955 5.000%, 10/01/19............................. 1,345 1,407,314 Contra Costa Water District (RB) Series U 3.000%, 10/01/18............................. 450 452,880 5.000%, 10/01/19............................. 350 366,216 Desert Community College District (GO) 5.000%, 08/01/21............................. 665 729,824 Desert Sands Unified School District (GO) 4.000%, 08/01/18............................. 1,375 1,383,113
164 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) Dixon Unified School District (GO) 2.000%, 08/01/18............................. $ 735 $ 735,875 Dublin Unified School District (GO) 5.000%, 02/01/19............................. 11,775 12,070,906 East Bay Regional Park District (GO) Series A 4.000%, 09/01/21............................. 210 224,303 East Side Union High School District (GO) 2.000%, 08/01/18............................. 1,215 1,215,996 2.000%, 08/01/20............................. 1,055 1,060,307 East Side Union High School District (GO) Series B 3.000%, 08/01/19............................. 4,000 4,065,320 East Whittier City School District (GO) Series A 2.000%, 08/01/18............................. 1,000 1,001,190 Eastern Municipal Water District (CP) Series H (currency) 5.000%, 07/01/33 (Pre-refunded @ $100, 7/1/18)...................................... 3,495 3,514,153 El Rancho Unified School District (GO) (AGM) 4.000%, 08/01/20............................. 780 815,849 Fontana Unified School District (GO) 5.000%, 08/01/18............................. 3,140 3,166,847 5.000%, 08/01/19............................. 1,285 1,337,569 4.000%, 08/01/20............................. 3,620 3,795,353 4.000%, 08/01/21............................. 530 564,704 Foothill-De Anza Community College District (GO) 4.000%, 08/01/19............................. 550 565,741 Fort Bragg Unified School District (GO) (AGM) (currency) 5.500%, 08/01/31 (Pre-refunded @ $100, 8/1/19)...................................... 500 522,955 Fremont Unified School District/ Alameda County (GO) 5.000%, 08/01/18............................. 750 756,263 Fremont Union High School District (GO) 5.000%, 08/01/20............................. 1,000 1,071,280 Gilroy Unified School District (GO) (AGM) 4.000%, 08/01/23............................. 1,900 2,074,477 Glendora Unified School District (GO) 4.000%, 08/01/18............................. 890 895,313 Grossmont Union High School District (GO) 4.000%, 08/01/20............................. 2,420 2,538,338
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) Kern County (CP) Series A (AGC) (currency) 5.750%, 08/01/35 (Pre-refunded @ $100, 2/1/19)...................................... $ 520 $ 535,636 Lindsay Unified School District (GO) Series A (AGC) (currency) 5.500%, 08/01/33 (Pre-refunded @ $100, 8/1/18)...................................... 1,510 1,524,118 Livermore Valley Joint Unified School District (GO) 5.000%, 08/01/20............................. 800 855,928 Los Altos Elementary School District (GO) 5.000%, 08/01/19............................. 975 1,014,887 4.000%, 08/01/21............................. 1,550 1,653,509 Los Angeles Community College District (GO) 5.000%, 08/01/21............................. 2,890 3,172,671 Los Angeles Community College District (GO) Series A 5.000%, 08/01/20............................. 10,000 10,710,600 5.000%, 08/01/21............................. 1,875 2,058,394 Los Angeles Community College District (GO) Series C 5.000%, 08/01/20............................. 1,025 1,097,837 Los Angeles Community College District (GO) Series F-1 (currency) 5.000%, 08/01/33 (Pre-refunded @ $100, 8/1/18)...................................... 3,375 3,402,844 Los Angeles Community College District (GO) Series G 5.000%, 08/01/23............................. 3,350 3,830,189 Los Angeles County Metropolitan Transportation Authority (RB) Series A 5.000%, 07/01/18............................. 4,650 4,676,505 5.000%, 07/01/19............................. 4,000 4,158,000 5.000%, 07/01/20............................. 3,085 3,292,836 Los Angeles County Metropolitan Transportation Authority (RB) Series B 5.000%, 07/01/18............................. 2,040 2,051,628 Los Angeles County Metropolitan Transportation Authority (RB) Series C 5.000%, 07/01/21............................. 1,400 1,531,712 Los Angeles Department of Water (RB) Series B 5.000%, 07/01/19............................. 1,000 1,038,560 Los Angeles Department of Water & Power (RB) Series A 5.000%, 07/01/18............................. 2,375 2,388,371 5.000%, 07/01/18............................. 125 125,704 5.000%, 07/01/19............................. 4,230 4,393,616
165 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) 5.000%, 07/01/19.............................. $2,250 $2,337,030 5.000%, 07/01/21.............................. 2,000 2,193,980 5.000%, 07/01/21.............................. 1,750 1,919,732 Los Angeles Unified School District (GO) Series A 5.000%, 07/01/19.............................. 3,590 3,727,569 Los Angeles Unified School District (GO) Series A 4.000%, 07/01/18.............................. 1,000 1,003,870 5.000%, 07/01/19.............................. 5,530 5,741,910 5.000%, 07/01/19.............................. 4,000 4,153,280 5.000%, 07/01/21.............................. 3,500 3,837,190 Los Angeles Unified School District (GO) Series A-2 5.000%, 07/01/21.............................. 2,200 2,411,948 Los Angeles Unified School District (GO) Series B 5.000%, 07/01/22.............................. 1,350 1,513,296 Los Angeles Unified School District (GO) Series B-1 5.000%, 07/01/19.............................. 6,080 6,312,986 Los Angeles Unified School District (GO) Series C 5.000%, 07/01/20.............................. 1,895 2,026,001 5.000%, 07/01/22.............................. 5,560 6,232,538 5.000%, 07/01/23.............................. 2,000 2,285,540 Los Angeles Unified School District (GO) Series KRY 5.000%, 07/01/19.............................. 3,390 3,519,905 Los Rios Community College District (GO) Series C 2.000%, 08/01/19.............................. 2,265 2,275,011 Los Rios Community College District (GO) Series F 2.000%, 08/01/19.............................. 2,740 2,752,111 2.000%, 08/01/20.............................. 2,365 2,377,416 Manhattan Beach Unified School District (GO) Series A-MEASURE C 3.000%, 09/01/18.............................. 2,830 2,843,159 4.000%, 09/01/19.............................. 1,000 1,030,470 5.000%, 09/01/20.............................. 1,575 1,692,259 Manhattan Beach Unified School District (GO) Series F 4.000%, 09/01/21.............................. 500 535,060 Metropolitan Water District of Southern California (RB) Series C 5.000%, 07/01/19.............................. 3,000 3,116,040 Mount Diablo Unified School District (GO) 5.000%, 02/01/19.............................. 500 512,565 Municipal Improvement Corp. of Los Angeles (RB) Series A 5.000%, 03/01/19.............................. 9,500 9,761,250
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) Napa Valley Unified School District (GO) Series B 3.000%, 08/01/18............................. $1,000 $1,003,440 New Haven Unified School District (GO) 2.000%, 08/01/18............................. 730 730,723 New Haven Unified School District (GO) (AGM) 4.000%, 08/01/19............................. 1,430 1,470,927 New Haven Unified School District (GO) Series B (BAM) 5.000%, 08/01/21............................. 3,100 3,400,111 Newhall School District (GO) --%, 08/01/18................................ 6,995 6,965,551 Northern California Power Agency (RB) Series A 5.000%, 07/01/19............................. 1,000 1,038,680 Oakland Unified School District/ Alameda County (GO) 5.000%, 08/01/19............................. 1,000 1,040,910 Oceanside Community Facilities District (ST) (currency) 6.250%, 09/01/38 (Pre-refunded @ $100, 9/1/18)...................................... 2,325 2,359,317 Orange County Sanitation District (RB) Series A 5.000%, 02/01/24............................. 5,295 6,094,227 Padre Dam Municipal Water District (CP) Series A (currency) 5.250%, 10/01/34 (Pre-refunded @ $100, 10/1/19)..................................... 6,100 6,394,142 Palm Springs Unified School District (GO) Series D 2.000%, 08/01/18............................. 3,360 3,363,326 3.000%, 08/01/20............................. 2,185 2,241,002 Palomar Community College District (GO) 5.000%, 05/01/23............................. 715 813,241 Pasadena Unified School District (GO) 5.000%, 05/01/20............................. 550 584,821 Peralta Community College District (GO) 5.000%, 08/01/18............................. 1,000 1,008,420 5.000%, 08/01/19............................. 2,220 2,311,664 Peralta Community College District (GO) Series B 5.000%, 08/01/22............................. 1,845 2,066,049 Poway Unified School District (GO) 3.250%, 08/01/18............................. 1,350 1,355,751 Redwood City School District (GO) 4.000%, 08/01/19............................. 1,000 1,028,620 4.000%, 08/01/20............................. 450 472,208
166 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) Riverside County (RN) 2.000%, 06/29/18............................. $12,700 $12,708,128 Rowland Unified School District (GO) Series B 5.000%, 08/01/18............................. 525 529,489 Sacramento Municipal Utility District (RB) Series X 5.000%, 08/15/21............................. 750 824,205 San Diego County Water Authority Financing Corp. (CP) Series 2008 A-COPS (AGM) (currency) 5.000%, 05/01/28 (Pre-refunded @ $100, 5/1/18)...................................... 5,810 5,810,000 (currency) 5.000%, 05/01/38 (Pre-refunded @ $100, 5/1/18)...................................... 1,500 1,500,000 San Diego County Water Authority Financing Corp. (RB) 5.000%, 05/01/20............................. 1,385 1,473,820 5.000%, 05/01/21............................. 550 600,457 San Diego Public Facilities Financing Authority Sewer Revenue (RB) 5.000%, 05/15/22............................. 4,425 4,951,840 San Diego Public Facilities Financing Authority Sewer Revenue (RB) Series A 5.000%, 05/15/18............................. 350 350,431 (currency) 5.000%, 05/15/22 (Pre-refunded @ $100, 5/15/19)..................................... 1,695 1,751,664 (currency) 5.250%, 05/15/24 (Pre-refunded @ $100, 5/15/20)..................................... 1,235 1,318,264 (currency) 5.250%, 05/15/39 (Pre-refunded @ $100, 5/15/19)..................................... 3,500 3,627,785 San Diego Public Facilities Financing Authority Sewer Revenue (RB) Series B 5.000%, 05/15/18............................. 3,650 3,654,489 (currency) 5.000%, 05/15/20 (Pre-refunded @ $100, 5/15/19)..................................... 2,400 2,481,480 San Diego Public Facilities Financing Authority Water Revenue (RB) Series A (ETM) 5.000%, 08/01/18............................. 1,260 1,270,395 San Diego Public Facilities Financing Authority Water Revenue (RB) Series B (currency) 5.000%, 08/01/20 (Pre-refunded @ $100, 8/1/19)...................................... 1,045 1,086,560
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) San Diego Unified School District (GO) Series H-2 5.000%, 07/01/19.............................. $10,170 $10,559,714 San Diego Unified School District (GO) Series R-3 5.000%, 07/01/23.............................. 2,000 2,285,540 San Diego Unified School District (RAN) Series A 3.000%, 06/29/18.............................. 15,730 15,764,134 San Francisco Bay Area Rapid Transit District (GO) Series C 4.000%, 08/01/19.............................. 300 308,736 San Francisco Bay Area Rapid Transit District (RB) 4.000%, 07/01/18.............................. 1,000 1,003,770 San Francisco Community College District (GO) 5.000%, 06/15/18.............................. 6,000 6,024,420 5.000%, 06/15/19.............................. 1,625 1,685,661 5.000%, 06/15/20.............................. 2,700 2,881,737 5.000%, 06/15/22.............................. 2,000 2,234,400 San Francisco Community College District (GO) Series C 4.000%, 06/15/18.............................. 485 486,397 San Francisco County Transportation Authority (RB) 3.000%, 02/01/20.............................. 5,000 5,109,600 San Francisco Unified School District (GO) 5.000%, 06/15/18.............................. 5,285 5,306,299 5.000%, 06/15/21.............................. 2,200 2,407,680 San Francisco Unified School District (GO) Series A 2.000%, 06/15/18.............................. 6,140 6,142,886 San Francisco Unified School District (GO) Series E 5.000%, 06/15/18.............................. 1,500 1,506,045 San Francisco Unified School District (GO) Series F&C 2.000%, 06/15/22.............................. 1,750 1,750,665 San Jose Evergreen Community College District (GO) 5.000%, 09/01/21.............................. 250 275,148 San Jose Unified School District (GO) Series E 5.000%, 08/01/18.............................. 400 403,420 San Juan Unified School District (GO) 2.000%, 08/01/19.............................. 14,330 14,388,036 3.000%, 08/01/22.............................. 1,200 1,247,616 San Leandro Unified School District (GO) Series B 4.000%, 08/01/21.............................. 265 281,663 San Luis Coastal Unified School District (GO) Series B 4.000%, 08/01/18.............................. 2,615 2,630,951
167 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) San Mateo County Community College District (GO) 4.000%, 09/01/18............................. $ 775 $ 781,192 4.000%, 09/01/21............................. 1,310 1,399,224 San Ramon Valley Unified School District (GO) 4.000%, 08/01/21............................. 4,225 4,503,005 Santa Clara County (GO) Series B 5.000%, 08/01/18............................. 5,000 5,042,100 Santa Clara County Financing Authority (RB) Series A 5.000%, 02/01/19............................. 3,610 3,702,344 Santa Monica Community College District (GO) Series A 5.000%, 08/01/19............................. 315 328,006 Sequoia Union High School District (RAN) 3.000%, 06/29/18............................. 7,785 7,803,295 Sonoma County (RB) Series A 5.000%, 09/01/19............................. 6,035 6,293,358 Sonoma Valley Unified School District (GO) 2.000%, 08/01/18............................. 1,200 1,201,428 3.000%, 08/01/19............................. 600 609,798 South Bay Union School District/ San Diego County (GO) Series A (AGC) (currency) 6.000%, 08/01/23 (Pre-refunded @ $100, 8/1/19)...................................... 700 736,876 South San Francisco Unified School District (GO) Series G (ETM) 3.500%, 07/01/18............................. 27,075 27,157,308 Southern California Public Power Authority (RB) 5.000%, 07/01/20............................. 1,175 1,255,452 Southwestern Community College District (GO) 5.000%, 08/01/19............................. 2,230 2,321,229 State Helena Unified School District (GO) 4.000%, 08/01/18............................. 750 754,575 Tustin Unified School District (GO) Series B (currency) 6.000%, 08/01/36 (Pre-refunded @ $100, 8/1/20)...................................... 1,500 1,689,690 Union Elementary School District (GO) Series A 3.000%, 09/01/18............................. 1,130 1,135,514 University of California (RB) Series O (currency) 5.750%, 05/15/25 (Pre-refunded @ $100, 5/15/19)..................................... 2,000 2,082,200
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) (currency) 5.250%, 05/15/39 (Pre-refunded @ $100, 5/15/19)..................................... $ 1,615 $ 1,673,108 Upland Unified School District (GO) Series A (AGM) (currency) 5.000%, 08/01/26 (Pre-refunded @ $100, 8/1/18)...................................... 1,450 1,461,962 Ventura County 4.000%, 07/02/18............................. 12,000 12,047,880 Victor Valley Community College District (GO) Series C (currency) 5.750%, 08/01/44 (Pre-refunded @ $100, 8/1/19)...................................... 3,150 3,306,271 Walnut Valley Unified School District (GO) Series A 5.000%, 08/01/19............................. 3,050 3,174,775 West Contra Costa Unified School District (GO) (AGM) 5.000%, 08/01/18............................. 1,415 1,427,098 5.000%, 08/01/20............................. 820 877,515 5.000%, 08/01/21............................. 2,350 2,576,728 West Contra Costa Unified School District (GO) Series A 4.000%, 08/01/18............................. 2,135 2,147,596 West Contra Costa Unified School District (GO) Series B 6.000%, 08/01/21............................. 1,000 1,127,810 Westlands Water District (RB) Series A (AGM) 4.000%, 09/01/20............................. 1,045 1,095,024 Whittier Union High School District (GO) Series C 2.000%, 08/01/18............................. 1,480 1,481,761 Yolo County Washington Unified School District (GO) 4.000%, 08/01/20............................. 1,000 1,045,060 -------------- TOTAL MUNICIPAL BONDS.................................... 1,073,527,871 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,078,188,432).................................. $1,073,527,871 ==============
168 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Municipal Bonds..... -- $1,073,527,871 -- $1,073,527,871 -- -------------- -- -------------- TOTAL............... -- $1,073,527,871 -- $1,073,527,871 == ============== == ==============
See accompanying Notes to Financial Statements. 169 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ------ ------ (000) MUNICIPAL BONDS -- (100.0%) CALIFORNIA -- (100.0%) Albany Unified School District (GO) 4.000%, 08/01/21............................. $ 240 $ 255,715 Alhambra Unified School District (GO) Series A (ASSURED GTY) 5.250%, 08/01/18............................. 375 378,360 Amador County Unified School District (GO) 4.000%, 08/01/19............................. 385 395,537 Anaheim Housing & Public Improvements Authority (RB) (currency) 5.000%, 10/01/41 (Pre-refunded @ $100, 10/1/21)..................................... 960 1,056,566 Anaheim Union High School District (GO) 5.000%, 08/01/19............................. 855 889,978 5.000%, 08/01/23............................. 1,905 2,181,130 Antelope Valley Community College District (GO) Series A 5.000%, 08/01/24............................. 850 986,569 Antelope Valley Union High School District (GO) 4.000%, 08/01/21............................. 500 532,090 5.000%, 08/01/22............................. 1,650 1,844,832 Arcadia Unified School District (GO) 3.000%, 08/01/26............................. 1,035 1,085,146 Azusa Unified School District (GO) 4.000%, 07/01/21............................. 400 425,668 5.000%, 07/01/21............................. 825 903,152 Bay Area Toll Authority (RB) Series F-1 (currency) 5.125%, 04/01/39 (Pre-refunded @ $100, 4/1/19)...................................... 3,450 3,557,605 Berkeley Unified School District (GO) 5.000%, 08/01/19............................. 325 338,254 Berkeley Unified School District (GO) Series D 5.000%, 08/01/23............................. 600 686,004 Berryessa Union School District (GO) (AMBAC) 5.375%, 08/01/18............................. 200 201,894 Beverly Hills Unified School District (GO) 2.000%, 08/01/21............................. 145 145,726 2.000%, 08/01/22............................. 2,805 2,809,516 Buena Park School District (GO) (AGM) 2.500%, 08/01/21............................. 75 76,386 Burbank Unified School District (GO) 5.000%, 08/01/24............................. 300 349,152 Butte-Glenn Community College District (GO) 2.500%, 08/01/20............................. 550 558,800
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) California Health Facilities Financing Authority (RB) Series C (currency) 6.500%, 10/01/33 (Pre-refunded @ $100, 10/1/18)..................................... $1,000 $1,019,480 California Infrastructure & Economic Dev. Bank (RB) (AMBAC) (currency) 5.000%, 07/01/36 (Pre-refunded @ $100, 1/1/28)...................................... 225 274,748 California Infrastructure & Economic Dev. Bank (RB) (FGIC) (ETM) 5.000%, 07/01/25............................. 2,500 2,943,400 California Municipal Finance Authority (RB) (currency) 5.750%, 01/01/33 (Pre-refunded @ $100, 1/1/22)...................................... 750 847,163 (currency) 6.000%, 01/01/42 (Pre-refunded @ $100, 1/1/22)...................................... 3,905 4,445,179 California State (GO) 5.000%, 09/01/19............................. 1,795 1,871,359 3.125%, 10/01/19............................. 100 101,897 5.000%, 10/01/19............................. 1,000 1,045,030 5.000%, 10/01/19............................. 500 522,515 4.000%, 11/01/19............................. 135 139,429 5.000%, 02/01/20............................. 1,200 1,265,508 5.250%, 02/01/20............................. 500 529,435 5.000%, 04/01/20............................. 900 953,577 5.000%, 08/01/20............................. 1,000 1,069,220 5.000%, 09/01/20............................. 1,000 1,071,500 5.000%, 10/01/20............................. 4,040 4,338,031 5.000%, 10/01/20............................. 1,375 1,476,434 5.000%, 11/01/20............................. 750 807,015 4.000%, 12/01/20............................. 750 789,863 5.000%, 12/01/20............................. 1,240 1,336,993 5.000%, 02/01/21............................. 700 757,211 5.000%, 04/01/21............................. 475 515,978 5.000%, 08/01/21............................. 1,750 1,915,952 5.000%, 08/01/21............................. 3,500 3,831,905 5.000%, 09/01/21............................. 175 191,949 5.000%, 09/01/21............................. 460 504,551 5.000%, 09/01/21............................. 3,705 4,063,829 5.000%, 10/01/21............................. 200 219,770 5.000%, 02/01/22............................. 2,575 2,848,542 5.000%, 04/01/22............................. 940 1,043,391 5.000%, 08/01/22............................. 1,250 1,397,062 4.000%, 09/01/22............................. 525 566,071 5.000%, 09/01/22............................. 625 699,638 5.250%, 09/01/22............................. 2,585 2,920,300 5.000%, 10/01/22............................. 1,000 1,121,170 5.250%, 10/01/22............................. 2,380 2,693,351 5.000%, 12/01/22............................. 1,245 1,400,127
170 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) 5.000%, 02/01/23............................. $1,150 $1,296,015 5.000%, 09/01/23............................. 1,635 1,863,148 5.000%, 10/01/23............................. 100 114,106 5.000%, 11/01/23............................. 875 1,000,230 5.000%, 09/01/24............................. 1,000 1,156,280 5.000%, 11/01/24............................. 850 985,549 5.000%, 08/01/25............................. 1,000 1,173,420 5.000%, 08/01/25............................. 2,250 2,640,195 5.000%, 10/01/25............................. 1,000 1,176,350 5.000%, 08/01/26............................. 2,850 3,384,916 5.000%, 08/01/26............................. 1,000 1,187,690 5.000%, 08/01/26............................. 1,400 1,662,766 5.000%, 09/01/26............................. 305 362,517 3.500%, 08/01/27............................. 2,220 2,396,490 5.000%, 08/01/27............................. 6,250 7,515,500 California State (GO) Series A (ETM) 4.400%, 07/01/18............................. 410 411,845 5.000%, 07/01/19............................. 1,400 1,452,990 California State (GO) Series B 5.000%, 09/01/21............................. 1,060 1,162,661 5.000%, 09/01/21............................. 1,700 1,864,645 5.000%, 09/01/23............................. 2,285 2,603,849 California State Department of Water Resources (RB) Series AM 5.000%, 12/01/22............................. 4,105 4,637,542 California State Department of Water Resources (RB) Series AR 5.000%, 12/01/22............................. 3,210 3,626,433 5.000%, 12/01/23............................. 900 1,038,285 California State Department of Water Resources (RB) Series AS 5.000%, 12/01/19............................. 530 557,242 5.000%, 12/01/22............................. 1,485 1,677,649 5.000%, 12/01/24............................. 1,000 1,171,320 California State Department of Water Resources (RB) Series AS (ETM) 5.000%, 12/01/19............................. 15 15,744 5.000%, 12/01/22............................. 15 16,855 California State Department of Water Resources Power Supply Revenue (RB) Series L 5.000%, 05/01/19............................. 925 955,895 5.000%, 05/01/20............................. 3,380 3,593,312 (currency) 5.000%, 05/01/22 (Pre-refunded @ $100, 5/1/20)...................................... 610 648,003 California State Department of Water Resources Power Supply Revenue (RB) Series M 4.000%, 05/01/19............................. 455 465,715 California State Department of Water Resources Power Supply Revenue (RB) Series O 5.000%, 05/01/21............................. 3,640 3,972,805 5.000%, 05/01/22............................. 5,190 5,795,881 California State Public Works Board (RB) (ETM) 5.000%, 09/01/20............................. 1,000 1,071,980
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) California State Public Works Board (RB) Series F (ETM) 5.000%, 10/01/20............................. $ 500 $ 537,255 California State Public Works Board (RB) Series H (ETM) 5.000%, 09/01/21............................. 1,740 1,911,460 California State University (RB) Series A 5.000%, 11/01/18............................. 2,500 2,542,050 5.000%, 11/01/19............................. 3,000 3,145,740 5.000%, 11/01/19............................. 450 471,861 5.000%, 11/01/20............................. 685 738,464 5.000%, 11/01/25............................. 1,015 1,203,506 5.000%, 11/01/25............................. 2,000 2,371,440 California State University (RB) Series C (AGM) 5.000%, 11/01/22............................. 100 112,795 California Statewide Communities Dev. Authority (RB) (currency) 6.000%, 06/01/33 (Pre-refunded @ $100, 6/1/21)...................................... 1,295 1,451,047 Capistrano Unified School District School Facilities Improvement District No. 1 (GO) 4.000%, 08/01/22............................. 170 183,126 Carlsbad Unified School District (GO) 5.000%, 08/01/21............................. 230 252,420 Central Marin Sanitation Agency (RB) 4.000%, 09/01/21............................. 1,425 1,521,586 Chabot-Las Positas Community College District (GO) 5.000%, 08/01/22............................. 900 1,008,999 4.000%, 08/01/23............................. 1,970 2,153,978 Chaffey Community College District (GO) Series E 4.000%, 06/01/22............................. 335 361,261 Chico Unified School District (GO) Series A-2 4.000%, 08/01/24............................. 250 275,205 Chino Valley Unified School District (GO) Series A 4.000%, 08/01/21............................. 200 213,226 Chula Vista Elementary School District (GO) 5.000%, 08/01/22............................. 1,835 2,054,851 Chula Vista Municipal Financing Authority (RB) 5.000%, 05/01/25............................. 250 291,815 City & County of San Francisco (GO) Series A 4.750%, 06/15/19............................. 545 563,470 5.000%, 06/15/20............................. 1,715 1,830,437 5.000%, 06/15/22............................. 2,200 2,463,384 City & County of San Francisco (GO) Series B 4.000%, 06/15/20............................. 800 837,280
171 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) City & County of San Francisco (GO) Series C 5.000%, 06/15/20............................. $ 575 $ 613,703 City & County of San Francisco (GO) Series D 5.000%, 06/15/20............................. 2,000 2,134,620 City & County of San Francisco (GO) Series R1 5.000%, 06/15/20............................. 500 533,655 5.000%, 06/15/21............................. 2,315 2,535,735 City of Grover Beach (GO) 5.000%, 09/01/23............................. 360 411,988 City of Long Beach Harbor Revenue (RB) Series B 5.000%, 05/15/19............................. 250 258,645 City of Long Beach Harbor Revenue (RB) Series C 5.000%, 11/15/18............................. 500 508,765 City of Los Angeles (GO) Series A 4.000%, 09/01/18............................. 780 786,178 5.000%, 09/01/20............................. 445 477,561 City of Los Angeles (GO) Series B 5.000%, 09/01/19............................. 600 626,250 City of Oakland (GO) Series A 5.000%, 01/15/25............................. 500 583,735 City of Pacifica 5.000%, 01/01/24............................. 250 282,808 City of Pasadena Electric Revenue (RB) Series A 5.000%, 06/01/22............................. 1,000 1,114,480 City of Riverside Water Revenue (RB) Series A 5.000%, 10/01/18............................. 300 304,248 City of Sacramento Unified School District (GO) 5.000%, 07/01/18............................. 300 301,698 5.000%, 07/01/24............................. 1,800 2,075,526 City of San Francisco Public Utilities Commission Water Revenue (RB) 5.000%, 11/01/21............................. 865 955,937 5.000%, 11/01/22............................. 1,335 1,507,041 5.000%, 11/01/25............................. 1,000 1,191,030 City of San Francisco Public Utilities Commission Water Revenue (RB) Series B 5.000%, 11/01/19............................. 420 440,530 City of San Francisco Public Utilities Commission Water Revenue (RB) Series F (currency) 5.000%, 11/01/23 (Pre-refunded @ $100, 11/1/20)..................................... 1,000 1,076,780 (currency) 5.500%, 11/01/30 (Pre-refunded @ $100, 11/1/20)..................................... 1,000 1,088,930
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) Coachella Valley Unified School District (GO) (BAM) 4.000%, 08/01/22............................. $ 825 $ 889,746 Colton Joint Unified School District (GO) 5.000%, 08/01/21............................. 900 984,753 Conejo Valley Unified School District (GO) 2.000%, 08/01/18............................. 2,350 2,352,209 4.000%, 08/01/18............................. 115 115,673 Contra Costa CA Transportation Authority (RB) Series B (currency) 5.000%, 03/01/23 (Pre-refunded @ $100, 3/1/20)...................................... 500 528,765 Contra Costa Water District (RB) Series Q 5.000%, 10/01/18............................. 220 223,106 Corona-Norco Unified School District (GO) Series B 3.000%, 08/01/23............................. 500 521,480 5.000%, 08/01/27............................. 150 181,889 Culver City School Facilities Financing Authority (RB) (AGM) 5.500%, 08/01/26............................. 855 1,056,541 Cupertino Union School District (GO) Series B 4.000%, 08/01/21............................. 400 426,584 Davis Joint Unified School District (GO) 5.000%, 08/01/18............................. 420 423,536 Davis Joint Unified School District Community Facilities District (ST) (AGM) 3.000%, 08/15/22............................. 1,000 1,030,050 Davis Joint Unified School District Community Facilities District No. 2 (ST) (AGM) 3.000%, 08/15/19............................. 500 507,585 Dublin Unified School District (GO) 5.000%, 02/01/19............................. 425 435,680 5.000%, 08/01/22............................. 875 980,971 5.000%, 08/01/23............................. 1,665 1,902,779 East Bay Regional Park District (GO) Series A-1 5.000%, 09/01/27............................. 550 670,945 East Side Union High School District (GO) 4.000%, 08/01/21............................. 600 639,678 East Side Union High School District (GO) Series A 3.000%, 08/01/21............................. 575 594,999 East Side Union High School District (GO) Series D 3.000%, 08/01/19............................. 825 838,373 El Rancho Unified School District (GO) (AGM) 4.000%, 08/01/21............................. 1,285 1,364,130
172 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) Enterprise Elementary School District (GO) 4.000%, 09/01/19............................. $ 500 $ 515,190 Fallbrook Union Elementary School District (GO) Series A 5.000%, 08/01/20............................. 200 214,074 Folsom Cordova Unified School District School Facilities Improvement Dist No. 5 (GO) Series C 5.000%, 10/01/25............................. 100 118,628 Folsom Cordova Unified School District School Facilities Improvement Dist. No. 5 (GO) Series B (AGM) 5.000%, 10/01/26............................. 250 300,940 Fontana Unified School District (GO) 5.000%, 08/01/19............................. 600 624,546 4.000%, 08/01/21............................. 1,585 1,688,786 4.000%, 08/01/22............................. 875 944,414 Fountain Valley Public Finance Authority (RB) Series A 5.000%, 07/01/24............................. 250 289,825 Fresno Unified School District (GO) Series A (AGM) 4.500%, 08/01/20............................. 480 508,406 Gilroy Unified School District (GO) (AGM) 4.000%, 08/01/24............................. 2,615 2,878,644 Grossmont Healthcare District (GO) Series C 5.000%, 07/15/23............................. 100 114,166 Grossmont Union High School District (GO) 5.000%, 08/01/27............................. 500 608,605 Grossmont Union High School District (GO) Series A 5.000%, 08/01/18............................. 200 201,680 Hacienda La Puente Unified School District (GO) (NATL-RE) 5.000%, 08/01/23............................. 225 257,132 Huntington Beach Public Financing Authority (RB) 4.000%, 09/01/18............................. 200 201,598 Jurupa Unified School District (GO) (AGM) 4.000%, 08/01/18............................. 235 236,422 5.000%, 08/01/20............................. 725 773,865 Kern High School District (GO) (AGM) 5.000%, 08/01/19............................. 250 260,228 Kern High School District (GO) Series A 3.000%, 08/01/20............................. 3,885 3,988,030 3.000%, 08/01/26............................. 895 937,683
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) Kern High School District (GO) Series E 2.000%, 08/01/19.............................. $1,350 $1,355,467 2.000%, 08/01/20.............................. 2,435 2,446,177 3.000%, 08/01/21.............................. 465 480,875 Lakeside Union School District/San Diego County (GO) 5.000%, 08/01/23.............................. 695 793,141 Lancaster Financing Authority (NATL) (ETM) 5.250%, 02/01/20.............................. 540 571,120 Liberty Union High School District (GO) 5.000%, 08/01/20.............................. 380 406,915 4.000%, 08/01/21.............................. 500 533,065 Lompoc Unified School District (GO) (ASSURED GTY) 5.250%, 08/01/20.............................. 540 580,959 Long Beach Unified School District (GO) 5.000%, 08/01/20.............................. 1,500 1,606,590 5.000%, 08/01/26.............................. 200 239,684 Los Altos Elementary School District (GO) 4.000%, 08/01/21.............................. 250 266,695 4.000%, 08/01/21.............................. 470 501,387 Los Angeles Community College District (GO) Series A 5.000%, 08/01/23.............................. 340 388,736 5.000%, 08/01/24.............................. 250 290,325 Los Angeles Community College District (GO) Series C 5.000%, 08/01/19.............................. 950 988,978 5.000%, 08/01/25.............................. 1,240 1,465,903 5.000%, 06/01/26.............................. 2,500 2,991,050 Los Angeles Community College District (GO) Series G 5.000%, 08/01/23.............................. 650 743,171 Los Angeles Convention & Exhibit Center Authority (RB) Series A (ETM) 4.500%, 08/15/18.............................. 300 302,439 Los Angeles County Metropolitan Transportation Authority (RB) 5.000%, 07/01/20.............................. 300 320,211 Los Angeles County Metropolitan Transportation Authority (RB) Series A 5.000%, 07/01/18.............................. 665 668,791 5.000%, 07/01/19.............................. 1,000 1,039,500 5.000%, 07/01/20.............................. 830 885,917 5.000%, 07/01/21.............................. 520 568,922 5.000%, 07/01/22.............................. 870 974,496 5.000%, 07/01/25.............................. 1,590 1,882,385 5.000%, 07/01/27.............................. 3,165 3,855,666
173 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) Los Angeles County Metropolitan Transportation Authority (RB) Series B 5.000%, 06/01/19.............................. $ 370 $ 383,620 5.000%, 06/01/20.............................. 500 532,520 5.000%, 07/01/20.............................. 525 560,138 Los Angeles County Metropolitan Transportation Authority (RB) Series C 5.000%, 07/01/20.............................. 525 560,138 Los Angeles County Public Works Financing Authority (RB) Series D 5.000%, 12/01/25.............................. 165 195,071 Los Angeles Department of Water (RB) Series B 5.000%, 07/01/20.............................. 500 534,790 5.000%, 07/01/22.............................. 435 487,987 Los Angeles Department of Water & Power (RB) Series A 5.000%, 07/01/19.............................. 1,195 1,241,223 5.000%, 07/01/19.............................. 370 384,312 5.000%, 07/01/20.............................. 600 641,748 5.000%, 07/01/21.............................. 1,650 1,810,033 5.000%, 07/01/21.............................. 1,000 1,096,990 5.000%, 07/01/21.............................. 2,950 3,236,120 Los Angeles Department of Water & Power (RB) Series D 4.000%, 07/01/19.............................. 1,000 1,027,200 Los Angeles Unified School District (GO) Series A 3.000%, 07/01/20.............................. 790 811,377 5.000%, 07/01/20.............................. 150 160,370 5.000%, 07/01/20.............................. 900 962,217 2.000%, 07/01/22.............................. 1,210 1,211,912 5.000%, 07/01/22.............................. 1,115 1,249,870 5.000%, 07/01/24.............................. 220 255,596 5.000%, 07/01/26.............................. 1,050 1,257,291 Los Angeles Unified School District (GO) Series A-1 5.000%, 07/01/21.............................. 1,710 1,874,741 Los Angeles Unified School District (GO) Series A-2 5.000%, 07/01/21.............................. 1,100 1,205,974 Los Angeles Unified School District (GO) Series B-1 5.000%, 07/01/27.............................. 500 607,730 Los Angeles Unified School District (GO) Series C 5.000%, 07/01/22.............................. 500 560,480 5.000%, 07/01/23.............................. 3,050 3,485,448 Los Angeles Unified School District (GO) Series I 5.000%, 07/01/19.............................. 750 778,740 Los Rios Community College District (GO) 5.000%, 08/01/19.............................. 2,965 3,087,425
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) Los Rios Community College District (GO) Series B 5.000%, 08/01/23.............................. $ 510 $ 583,379 Lynwood Unified School District (GO) (AGM) 5.000%, 08/01/21.............................. 450 491,783 5.000%, 08/01/22.............................. 485 540,596 Manhattan Beach Unified School District (GO) Series C 3.500%, 09/01/21.............................. 1,185 1,249,037 Manhattan Beach Unified School District (GO) Series E 3.000%, 09/01/22.............................. 560 583,582 Merced Union High School District (GO) Series A (ASSURED GTY) 4.000%, 08/01/18.............................. 250 251,513 Metropolitan Water District of Southern California (RB) Series A 5.000%, 07/01/19.............................. 1,090 1,132,161 Montebello Unified School District (GO) 5.000%, 08/01/20.............................. 415 442,402 Moreland School District (GO) Series B 5.000%, 08/01/21.............................. 500 549,070 Moreno Valley Public Financing Authority (RB) 5.000%, 11/01/20.............................. 1,470 1,579,882 Morongo Unified School District (GO) 3.000%, 08/01/22.............................. 480 497,261 Morongo Unified School District (GO) Series A 5.000%, 08/01/24.............................. 100 115,499 5.000%, 08/01/25.............................. 80 93,874 5.000%, 08/01/26.............................. 220 261,292 5.000%, 08/01/27.............................. 120 144,408 Mount Diablo Unified School District (GO) 3.250%, 08/01/19.............................. 500 509,705 Mount Diablo Unified School District (GO) Series G 3.000%, 08/01/24.............................. 800 835,720 New Haven Unified School District (GO) (ASSURED GTY) 5.000%, 08/01/19.............................. 95 98,886 New Haven Unified School District (GO) (ETM) (ASSURED GTY) 5.000%, 08/01/19.............................. 55 57,222 Northern Humboldt Union High School District (GO) 4.000%, 08/01/26.............................. 220 246,715 Oak Park Unified School District (GO) 4.000%, 08/01/22.............................. 445 480,302 Oakland Joint Powers Financing Authority (RB) Series B (ASSURED GTY) 4.500%, 08/01/18.............................. 500 503,600
174 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) Oakland Unified School District/ Alameda County (GO) 5.000%, 08/01/20............................. $1,005 $1,075,953 5.000%, 08/01/22............................. 1,500 1,681,020 5.000%, 08/01/24............................. 900 1,043,460 5.000%, 08/01/26............................. 575 688,614 Oakland Unified School District/ Alameda County (GO) (AGM) 5.000%, 08/01/23............................. 300 342,681 5.000%, 08/01/24............................. 1,125 1,304,325 Oakland Unified School District/ Alameda County (GO) Series A 5.000%, 08/01/21............................. 610 669,262 4.000%, 08/01/22............................. 350 378,063 5.000%, 08/01/22............................. 3,000 3,362,040 4.000%, 08/01/24............................. 500 550,715 5.000%, 08/01/25............................. 540 637,195 5.000%, 08/01/25............................. 750 884,993 Oakland Unified School District/ Alameda County (GO) Series B 5.000%, 08/01/24............................. 1,675 1,941,995 Oakland Unified School District/ Alameda County (GO) Series C 5.000%, 08/01/20............................. 255 273,003 5.000%, 08/01/26............................. 500 598,795 Oxnard Union High School District (GO) 4.000%, 08/01/21............................. 320 340,954 4.000%, 08/01/22............................. 500 539,665 Palm Springs Unified School District (GO) 5.000%, 08/01/19............................. 500 520,580 Palomar Community College District (GO) 5.000%, 05/01/21............................. 965 1,052,940 Palomar Community College District (GO) Series D 5.000%, 08/01/23............................. 150 171,501 Palos Verdes Peninsula Unified School District (GO) Series B 5.000%, 11/01/21............................. 250 276,013 Pasadena Unified School District (GO) Series B 5.000%, 08/01/24............................. 800 928,024 Piedmont unified School District (GO) 3.000%, 08/01/20............................. 845 867,409 Plumas Unified School District (GO) (AGM) 5.250%, 08/01/21............................. 800 882,920 Porterville Unified School District Facilities Improvement District (GO) Series B (AGM) 5.000%, 08/01/18............................. 450 453,825 5.000%, 08/01/19............................. 325 338,211 Poway Unified School District (GO) 5.000%, 08/01/19............................. 200 208,182
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) Rancho Santiago Community College District (GO) (AGM) 5.250%, 09/01/20............................. $ 500 $ 539,660 Redlands Financing Authority (RB) Series A 5.000%, 09/01/22............................. 1,290 1,449,173 Redlands Unified School District (GO) 5.000%, 07/01/26............................. 300 358,980 5.000%, 07/01/27............................. 500 607,270 Redwood City School District (GO) 5.000%, 08/01/27............................. 50 60,630 5.000%, 08/01/28............................. 85 104,360 Reed Union School District (GO) 4.000%, 08/01/27............................. 460 522,330 Regents of the University of California Medical Center Pooled Revenue (RB) Series J (currency) 5.250%, 05/15/29 (Pre-refunded @ $100, 5/15/23)..................................... 670 769,663 (currency) 5.000%, 05/15/33 (Pre-refunded @ $100, 5/15/23)..................................... 500 568,435 Riverside County Infrastructure Financing Authority (RB) Series A 5.000%, 11/01/24............................. 1,100 1,267,541 Sacramento Municipal Utility District (RB) Series D 5.000%, 08/15/22............................. 525 589,601 Sacramento Municipal Utility District (RB) Series E 5.000%, 08/15/23............................. 650 744,179 Saddleback Valley Unified School District (GO) 5.000%, 08/01/22............................. 465 521,116 San Diego Community College District (GO) 5.000%, 08/01/24............................. 1,300 1,510,509 San Diego County Water Authority Financing Corp (RB) Series A (currency) 5.250%, 05/01/23 (Pre-refunded @ $100, 11/1/19)..................................... 1,395 1,467,052 San Diego County Water Authority Financing Corp. (RB) 5.000%, 05/01/21............................. 310 338,439 San Diego Public Facilities Financing Authority Sewer Revenue (RB) 5.000%, 05/15/22............................. 700 783,342 San Diego Public Facilities Financing Authority Sewer Revenue (RB) Series A 4.000%, 05/15/20............................. 3,000 3,137,490 (currency) 5.250%, 05/15/24 (Pre-refunded @ $100, 5/15/20)..................................... 1,975 2,108,154
175 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) (currency) 5.375%, 05/15/34 (Pre-refunded @ $100, 5/15/19)..................................... $ 650 $ 674,564 San Diego Public Facilities Financing Authority Sewer Revenue (RB) Series B (currency) 5.500%, 05/15/23 (Pre-refunded @ $100, 5/15/19)..................................... 500 519,270 San Diego Public Facilities Financing Authority Water Revenue (RB) Series A (currency) 5.000%, 08/01/23 (Pre-refunded @ $100, 8/1/20)...................................... 2,690 2,874,373 San Diego Unified School District (GO) Series C-2 (AGM) 5.500%, 07/01/21............................. 600 666,984 5.500%, 07/01/25............................. 2,550 3,101,055 San Diego Unified School District (GO) Series D-1 (NATL) 5.500%, 07/01/24............................. 190 226,313 San Diego Unified School District (GO) Series R-3 5.000%, 07/01/20............................. 435 465,072 5.000%, 07/01/21............................. 1,705 1,869,260 5.000%, 07/01/22............................. 1,000 1,120,960 5.000%, 07/01/23............................. 300 342,831 San Diego Unified School District (GO) Series R-5 5.000%, 07/01/26............................. 110 132,169 San Dieguito Union High School District (GO) Series A-2 5.000%, 08/01/23............................. 490 560,237 San Francisco Bay Area Rapid Transit District (GO) Series C 4.000%, 08/01/19............................. 325 334,464 San Francisco Bay Area Rapid Transit District Sales Tax Revenue (RB) 4.000%, 07/01/26............................. 375 422,494 San Francisco City & County Airport Comm-San Francisco International Airport (RB) (currency) 5.000%, 05/01/21 (Pre-refunded @ $100, 5/1/20)...................................... 540 572,000 San Francisco City & County Airport Comm-San Francisco International Airport (RB) Series D (currency) 5.000%, 05/01/23 (Pre-refunded @ $100, 5/3/21)...................................... 875 948,465 San Francisco Community College District (GO) 5.000%, 06/15/20............................. 2,100 2,241,351 5.000%, 06/15/22............................. 2,070 2,312,604 5.000%, 06/15/23............................. 3,775 4,293,836
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) 5.000%, 06/15/24............................. $1,365 $1,576,752 San Francisco Community College District (GO) Series D 5.000%, 06/15/20............................. 600 640,386 San Francisco County Transportation Authority (RB) 3.000%, 02/01/22............................. 2,000 2,074,760 San Francisco Municipal Transportation Agency (RB) Series A 5.000%, 03/01/20............................. 860 910,594 San Francisco Unified School District (GO) 5.000%, 06/15/20............................. 725 773,800 5.000%, 06/15/21............................. 230 251,712 San Francisco Unified School District (GO) Series F&C 2.000%, 06/15/22............................. 1,580 1,580,600 San Joaquin County Transportation Authority (RB) Series A (currency) 6.000%, 03/01/36 (Pre-refunded @ $100, 3/1/21)................ 335 372,275 San Jose Evergreen Community College District (GO) 5.000%, 09/01/21............................. 1,750 1,926,032 San Juan Unified School District (GO) 3.000%, 08/01/22............................. 1,480 1,538,726 5.000%, 08/01/22............................. 800 896,544 3.000%, 08/01/24............................. 610 637,237 3.000%, 08/01/25............................. 1,475 1,546,552 3.000%, 08/01/26............................. 3,135 3,291,719 San Juan Water District (RB) 5.000%, 02/01/26............................. 500 595,280 San Lorenzo Unified School District (GO) 5.000%, 08/01/21............................. 265 290,567 San Ramon Valley Unified School District (GO) 4.000%, 08/01/21............................. 1,600 1,705,280 Santa Ana Unified School District (GO) 5.000%, 08/01/25............................. 350 413,959 Santa Ana Unified School District (GO) Series A 5.000%, 08/01/18............................. 275 277,296 Santa County Clara (GO) Series C 5.000%, 08/01/26............................. 900 1,080,072 5.000%, 08/01/27............................. 170 207,084 Santa Cruz City High School District (GO) 4.000%, 08/01/22............................. 715 772,629 Santa Monica Community College District (GO) Series A 5.000%, 08/01/22............................. 225 252,738 5.000%, 08/01/22............................. 400 449,312
176 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) 5.000%, 08/01/26............................. $ 105 $ 126,271 Santa Monica Public Financing Authority (RB) Series B 4.000%, 12/01/19............................. 175 181,305 Simi Valley Unified School District (GO) 5.000%, 08/01/23............................. 260 297,268 Sonoma Valley Unified School District (GO) Series B 5.000%, 08/01/25............................. 500 591,090 South San Francisco Unified School District (GO) Series G (ETM) 3.500%, 07/01/18............................. 3,700 3,711,248 Southern California Public Power Authority (RB) 5.000%, 07/01/18............................. 250 251,408 5.000%, 07/01/18............................. 150 150,845 4.000%, 07/01/19............................. 575 590,640 Standard Elementary School District (GO) Series A 4.000%, 08/01/24............................. 240 264,343 Stockton Unified School District (GO) (AGM) 5.000%, 07/01/20............................. 150 159,875 Sylvan Union School District (GO) Series C 5.000%, 08/01/26............................. 405 484,352 Tahoe Forest Hospital District (GO) 4.000%, 08/01/20............................. 295 309,290 Tustin Unified School District (GO) (currency) 5.250%, 08/01/31 (Pre-refunded @ $100, 8/1/21)...................................... 415 458,430 University of California (RB) Series AF (currency) 5.000%, 05/15/26 (Pre-refunded @ $100, 5/15/23)..................................... 400 453,724 University of California (RB) Series G (currency) 5.000%, 05/15/37 (Pre-refunded @ $100, 5/15/22)..................................... 305 339,932 Upland Unified School District (GO) Series A 5.000%, 08/01/21............................. 500 548,405 Upper Santa Clara Valley Joint Powers Authority (RB) Series A (ETM) 4.000%, 08/01/21............................. 1,125 1,196,831 Vista Unified School District (GO) 5.000%, 08/01/19............................. 200 208,182 Walnut Creek Elementary School District Contra Costa County (GO) 4.000%, 09/01/25............................. 100 111,548
FACE AMOUNT VALUE+ ------ ------ (000) CALIFORNIA -- (Continued) West Contra Costa Unified School District (GO) 5.000%, 08/01/21.............................. $ 430 $ 471,486 West Contra Costa Unified School District (GO) (AGM) 5.000%, 08/01/20.............................. 100 107,014 West Contra Costa Unified School District (GO) Series A 5.000%, 08/01/24.............................. 1,095 1,268,853 West Contra Costa Unified School District (GO) Series A-1 5.000%, 08/01/25.............................. 520 613,215 5.000%, 08/01/26.............................. 545 651,782 5.000%, 08/01/27.............................. 575 697,768 West Contra Costa Unified School District (GO) Series B 6.000%, 08/01/20.............................. 1,475 1,610,788 West Covina Unified School District (GO) (AGM) 5.000%, 08/01/21.............................. 385 420,366 Western Riverside County Regional Wastewater Authority (RB) (ASSURED GTY) 5.000%, 09/01/19.............................. 250 260,938 Westside Union School District (GO) Series A 3.000%, 08/01/21.............................. 300 310,050 4.000%, 08/01/23.............................. 700 763,917 Whittier Union High School District (GO) Series C 2.000%, 08/01/19.............................. 645 647,612 Windsor Unified School District (GO) 4.000%, 08/01/26.............................. 105 117,416 Wright Elementary School District (GO) Series A 3.000%, 08/01/20.............................. 165 167,548 Yolo County Washington Unified School District (GO) 4.000%, 08/01/19.............................. 450 462,033 Yosemite Union High School District (GO) (AGM) 4.000%, 08/01/19.............................. 395 405,760 Yuba Community College District (GO) Series B 4.000%, 08/01/21.............................. 355 378,476 ------------ TOTAL MUNICIPAL BONDS.............................. 394,079,303 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $397,006,918).............................. $394,079,303 ============
177 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Municipal Bonds..... -- $394,079,303 -- $394,079,303 -- ------------ -- ------------ TOTAL............... -- $394,079,303 -- $394,079,303 == ============ == ============
See accompanying Notes to Financial Statements. 178 DFA NY MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ------ ------ (000) MUNICIPAL BONDS -- (100.0%) NEW YORK -- (100.0%) Albany County (GO) 5.000%, 06/01/21............................. $ 370 $ 403,344 Amherst Central School District (GO) (ST AID WITHHLDG) 3.000%, 06/15/18............................. 350 350,518 Ardsley Union Free School District (GO) (ST AID WITHHLDG) 3.000%, 11/01/18............................. 200 201,272 2.250%, 08/15/23............................. 290 291,148 Babylon Union Free School District (GO) (ST AID WITHHLDG) 2.000%, 06/15/20............................. 290 290,537 Brewster Central School District (GO) (ST AID WITHHLDG) 2.000%, 10/01/19............................. 100 100,291 Chappaqua Central School District (GO) (ST AID WITHHLDG) 2.125%, 06/15/19............................. 365 366,507 City of New York (GO) 4.000%, 08/01/18............................. 500 502,785 5.000%, 08/01/19............................. 900 935,451 (currency) 5.450%, 04/01/31............................. (Pre-refunded @ $100, 4/1/19)................ 965 996,951 City of New York (GO) Series A 5.000%, 08/01/18............................. 250 252,005 5.000%, 08/01/23............................. 1,200 1,356,084 5.000%, 08/01/24............................. 620 709,881 5.000%, 08/01/25............................. 220 255,609 City of New York (GO) Series B 5.000%, 08/01/19............................. 115 119,530 5.000%, 08/01/21............................. 1,000 1,090,210 City of New York (GO) Series B-1 4.000%, 12/01/18............................. 2,000 2,026,200 City of New York (GO) Series C 5.000%, 08/01/20............................. 200 213,296 City of New York (GO) Series E 4.000%, 08/01/18............................. 200 201,114 5.000%, 08/01/18............................. 195 196,564 5.000%, 08/01/19............................. 1,050 1,091,359 5.000%, 08/01/21............................. 625 681,381 City of New York (GO) Series F 5.000%, 08/01/21............................. 300 327,063 City of New York (GO) Series F-1 5.000%, 06/01/21............................. 300 325,911 City of New York (GO) Series G 5.000%, 08/01/19............................. 625 649,619 City of New York (GO) Series I-Subseries 1-I 5.000%, 03/01/22............................. 265 292,210 City of New York (GO) Series J 5.000%, 08/01/19............................. 150 155,909
FACE AMOUNT VALUE+ ------ ------ (000) NEW YORK -- (Continued) City of New York (GO) Series J7 5.000%, 08/01/20............................. $ 350 $ 373,268 City of Rochester (BAN) Series 3 2.500%, 08/02/18............................. 720 721,174 City of Rochester (GO) Series I 4.000%, 10/15/21............................. 675 718,423 Corning City School District (BAN) (ST AID WITHHLDG) 2.000%, 06/21/18............................. 2,050 2,050,635 Corning City School District (GO) (ST AID WITHHLDG) 5.000%, 06/15/19............................. 750 776,467 County of Columbia (GO) Series A (AGM) 2.000%, 02/01/19............................. 275 275,506 County of Onondaga (GO) 5.000%, 05/15/19............................. 115 118,880 Duanesburg Central School District (BAN) 2.250%, 07/20/18............................. 690 690,704 East Hampton Union Free School District (GO) (ST AID WITHHLDG) 5.000%, 06/01/19............................. 850 879,427 East Islip Union Free School District (GO) (ST AID WITHHLDG) 4.000%, 07/01/19............................. 240 246,161 Eastport-South Manor Central School District (GO) (ST AID WITHHLDG) 4.000%, 08/01/23............................. 500 540,745 Erie County (RAN) 2.000%, 06/30/18............................. 1,200 1,200,444 Haverstraw-Stony Point Central School District (GO) (ST AID WITHHLDG) 3.000%, 08/15/22............................. 200 205,844 3.000%, 08/15/23............................. 360 370,476 Herricks Union Free School District (GO) (ST AID WITHHLDG) 4.000%, 06/15/21............................. 150 159,354 Hilton Central School District (GO) (ST AID WITHHLDG) 2.000%, 06/15/21............................. 450 447,971 Lindenhurst Union Free School District (GO) (ST AID WITHHLDG) 2.250%, 09/01/23............................. 195 194,025 Liverpool Central School District (GO) (ST AID WITHHLDG) 4.000%, 06/15/18............................. 150 150,408 Livingston County (GO) 4.000%, 05/01/18............................. 400 400,000 Long Island Power Authority (RB) Series A (currency) 6.000%, 05/01/33............................. 1,000 1,040,410
179 DFA NY MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) NEW YORK -- (Continued) Long Island Power Authority (RB) Series A BHAC-CR (BHAC-CR) (currency) 6.000%, 05/01/33 (Pre-refunded @ $100, 5/1/19)...................................... $ 400 $ 416,772 Longwood Central School District Suffolk County (GO) (ST AID WITHHLDG) 2.000%, 06/15/21............................. 1,195 1,192,837 Metropolitan Transportation Authority (RB) Series A 5.000%, 11/15/21............................. 855 935,703 Metropolitan Transportation Authority (RB) Series A (ETM) 5.000%, 11/15/21............................. 145 159,674 Metropolitan Transportation Authority (RB) Series B (NATL) 5.250%, 11/15/18............................. 1,285 1,309,582 Middle Country Central School District (GO) (ST AID WITHHLDG) 2.000%, 08/15/21............................. 500 499,835 Middletown City School District (GO) (ST AID WITHHLDG) 2.000%, 06/15/20............................. 500 501,030 5.000%, 09/15/24............................. 130 150,183 Nassau County Interim Finance Authority (RB) Series A 5.000%, 11/15/21............................. 505 556,470 New Rochelle City School District (GO) (ST AID WITHHLDG) 4.000%, 06/01/18............................. 475 475,874 4.000%, 06/01/20............................. 300 312,726 New York City Transitional Finance Authority Future Tax Secured Revenue (RB) (currency) 5.250%, 11/01/27............................. 485 493,221 (currency) 5.000%, 05/01/34 (Pre-refunded @ $100, 5/1/19)...................................... 1,000 1,032,090 New York City Transitional Finance Authority Future Tax Secured Revenue (RB) Series F-1 (currency) 5.000%, 05/01/24............................. 750 750,000 New York City Water & Sewer System (RB) Series AA (currency) 5.000%, 06/15/20............................. 750 752,992 New York State (GO) Series C 5.000%, 04/15/22............................. 600 667,596 New York State Dormitory Authority (RB) (currency) 6.125%, 12/01/29 (Pre-refunded @ $100, 12/1/18)..................................... 1,640 1,680,951 (currency) 6.000%, 07/01/33............................. 500 503,470 (currency) 6.250%, 12/01/37 (Pre-refunded @ $100, 12/1/18)..................................... 2,550 2,615,484
FACE AMOUNT VALUE+ ------ ------ (000) NEW YORK -- (Continued) New York State Dormitory Authority (RB) (AGM ST INTERCEPT) (currency) 5.250%, 08/15/20............................. $ 360 $ 363,694 New York State Dormitory Authority (RB) (BHAC-CR) (currency) 5.000%, 07/01/38............................. 345 346,832 New York State Dormitory Authority (RB) Series A 5.000%, 03/15/19............................. 1,650 1,695,886 5.000%, 07/01/20............................. 395 420,829 (currency) 5.000%, 07/01/21............................. 455 471,630 5.000%, 12/15/21............................. 150 165,081 5.000%, 10/01/22............................. 475 532,769 4.000%, 12/15/22............................. 100 107,635 5.000%, 12/15/22............................. 500 559,995 5.000%, 03/15/23............................. 650 732,628 5.000%, 03/15/23............................. 200 225,424 (currency) 5.500%, 07/01/25 (Pre-refunded @ $100, 7/1/20)...................................... 900 965,961 (currency) 5.000%, 02/15/34............................. 1,600 1,640,512 (currency) 5.000%, 07/01/39 (Pre-refunded @ $100, 7/1/19)...................................... 700 725,585 New York State Dormitory Authority (RB) Series A-GROUP A 5.000%, 03/15/19............................. 270 277,509 New York State Dormitory Authority (RB) Series B 5.000%, 02/15/20............................. 2,690 2,835,690 5.000%, 02/15/22............................. 1,000 1,102,680 5.000%, 02/15/24............................. 455 518,013 5.000%, 02/15/25............................. 550 634,942 (currency) 5.000%, 07/01/38 (Pre-refunded @ $100, 7/1/18)...................................... 400 402,160 (currency) 5.250%, 07/01/48............................. 1,070 1,076,206 New York State Dormitory Authority (RB) Series B (ASSURED GTY) (currency) 5.000%, 07/01/23 (Pre-refunded @ $100, 7/1/18)...................................... 450 452,353 New York State Dormitory Authority (RB) Series C 5.000%, 03/15/19............................. 150 154,172 5.000%, 03/15/20............................. 300 316,938 New York State Dormitory Authority (RB) Series C (ST AID WITHHLDG) (currency) 7.250%, 10/01/28............................. 815 833,036 New York State Dormitory Authority (RB) Series D 3.000%, 02/15/19............................. 175 176,698 5.000%, 02/15/24............................. 300 341,547 New York State Dormitory Authority (RB) Series E 5.000%, 02/15/19............................. 1,390 1,425,084 5.000%, 08/15/19............................. 495 514,909 5.000%, 03/15/20............................. 850 897,991 5.000%, 03/15/21............................. 1,000 1,082,360
180 DFA NY MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) NEW YORK -- (Continued) New York State Environmental Facilities Corp. (RB) Series A 5.250%, 12/15/18............................. $ 260 $ 265,707 New York State Thruway Authority (RB) Series A (currency) 5.000%, 03/15/26............................. 435 440,351 New York State Thruway Authority Highway & Bridge Trust Fund (RB) Series B (currency) 5.000%, 04/01/22............................. 415 420,615 New York State Urban Development Corp. (RB) Series A 5.000%, 03/15/19............................. 300 308,343 5.000%, 03/15/20............................. 560 591,618 5.000%, 03/15/20............................. 1,550 1,637,513 5.000%, 03/15/21............................. 300 324,708 5.000%, 03/15/22............................. 630 695,816 5.000%, 03/15/25............................. 1,200 1,387,428 New York State Urban Development Corp. (RB) Series A-1 5.000%, 03/15/21............................. 360 389,650 Niagara-Wheatfield Central School District (GO) (ST AID WITHHLDG) 3.000%, 03/15/19............................. 330 333,511 North Shore Central School District (GO) (ST AID WITHHLDG) 2.000%, 12/15/18............................. 740 741,354 2.000%, 12/15/22............................. 285 283,874 2.000%, 12/15/23............................. 550 544,500 North Tonawanda City School District (GO) (ST AID WITHHLDG) 4.000%, 09/15/21............................. 650 691,704 Oceanside Union Free School District (GO) (ST AID WITHHLDG) 2.500%, 07/01/23............................. 520 524,014 Onondaga Civic Dev. Corp. (RB) (currency) 5.125%, 07/01/31............................. 1,375 1,427,222 Orange County 3.000%, 08/15/20............................. 665 681,126 3.000%, 08/15/21............................. 830 855,456 Penfield Central School District (GO) (ASSURED GTY) (ST AID WITHHLDG) 3.750%, 06/15/19............................. 350 357,644 Plainview Old Bethpage Central School District 4.000%, 12/15/18............................. 320 324,531 Port Authority of New York & New Jersey (RB) Series 189 5.000%, 05/01/23............................. 305 345,824 Port Washington Union Free School District (GO) (ST AID WITHHLDG) 2.000%, 12/01/18............................. 350 350,581 Ramapo Central School District (GO) (ST AID WITHHLDG) 5.000%, 10/15/21............................. 215 236,036
FACE AMOUNT VALUE+ ------ ------ (000) NEW YORK -- (Continued) Riverhead Central School District (GO) (ST AID WITHHLDG) 3.000%, 03/15/22............................. $ 120 $ 123,992 2.000%, 10/15/22............................. 280 279,051 Sachem Central School District (GO) (ST AID WITHHLDG) 5.000%, 10/15/19............................. 200 209,164 Schenectady County (GO) 5.000%, 06/15/25............................. 140 164,188 Sewanhaka Central High School District of Elmont (GO) (ST AID WITHHLDG) 3.000%, 07/15/23............................. 590 610,715 Sidney Central School District (ST AID WITHHLDG) 2.250%, 07/27/18............................. 225 225,295 Spencerport Central School District (GO) (ST AID WITHHLDG) 2.000%, 06/15/21............................. 500 499,245 Taconic Hills Central School District at Craryville (GO) (ST AID WITHHLDG) 5.000%, 06/15/20............................. 100 106,429 4.000%, 06/15/22............................. 250 268,135 Three Village Central School District Brookhaven & Smithtown (GO) (ST AID WITHHLDG) 2.000%, 08/15/18............................. 380 380,304 Town of Babylon (GO) 3.000%, 07/01/25............................. 375 391,481 Town of Bedford (GO) Series A 3.000%, 03/15/21............................. 455 468,136 3.000%, 03/15/25............................. 330 343,316 Town of Brookhaven (GO) Series A 3.000%, 03/15/22............................. 650 671,625 Town of Cheektowaga (GO) 5.000%, 07/15/23............................. 265 300,166 Town of Clarence (GO) 2.250%, 08/01/24............................. 210 208,060 Town of Huntington (GO) 2.000%, 12/01/23............................. 220 217,129 Town of Huntington (GO) Series B 5.000%, 11/01/20............................. 2,280 2,453,326 Town of LaGrange (GO) 4.000%, 03/01/19............................. 280 285,214 4.000%, 03/01/20............................. 220 228,391 Town of North Hempstead (GO) Series A 3.000%, 04/01/24............................. 425 441,834 Triborough Bridge & Tunnel Authority (RB) Series A 5.000%, 11/15/18............................. 140 142,485 5.000%, 11/15/20............................. 165 177,393 Triborough Bridge & Tunnel Authority (RB) Series A-1 5.000%, 11/15/19............................. 300 314,571
181 DFA NY MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) NEW YORK -- (Continued) Triborough Bridge & Tunnel Authority (RB) Series B 4.000%, 11/15/18............................. $ 250 $ 253,108 5.000%, 11/15/18............................. 1,170 1,190,767 5.000%, 11/15/19............................. 700 733,999 5.000%, 11/15/20............................. 300 322,533 5.000%, 11/15/22............................. 190 213,283 Triborough Bridge & Tunnel Authority (RB) Series C 4.000%, 11/15/18............................. 100 101,243 Tuckahoe Union Free School District (GO) (ST AID WITHHLDG) 5.000%, 07/15/19............................. 145 150,475 5.000%, 07/15/21............................. 230 251,747 Ulster County (GO) 2.000%, 11/15/22............................. 240 236,030 Vestal Central School District (GO) (AGM) (ST AID WITHHLDG) 3.750%, 06/15/19............................. 150 153,276 Wantagh Union Free School District (GO) (ST AID WITHHLDG) 2.000%, 11/15/22............................. 250 249,030
FACE AMOUNT VALUE+ ------ ------ (000) NEW YORK -- (Continued) Webster Central School District (GO) (ST AID WITHHLDG) 5.000%, 06/15/18............................. $310 $ 311,212 West Irondequoit Central School District (GO) (ST AID WITHHLDG) 4.500%, 06/15/18............................. 125 125,406 West Islip Union Free School District (GO) Series A (ST AID WITHHLDG) 4.000%, 10/01/18............................. 500 504,630 White Plains City School District (GO) Series B (ST AID WITHHLDG) 3.750%, 05/15/18............................. 100 100,073 Wyoming County (GO) 2.000%, 06/01/18............................. 480 480,096 Yorktown Central School District (GO) (ST AID WITHHLDG) 2.000%, 07/01/21............................. 400 398,532 ----------- TOTAL MUNICIPAL BONDS............................ 92,390,521 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $92,991,154)............................. $92,390,521 ===========
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ----------- ------- ----------- Municipal Bonds. -- $92,390,521 -- $92,390,521 -- ----------- -- ----------- TOTAL........... -- $92,390,521 -- $92,390,521 == =========== == ===========
See accompanying Notes to Financial Statements. 182 DFA MN MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ------ ------ (000) MUNICIPAL BONDS -- (100.0%) MINNESOTA -- (100.0%) Belle Plaine Independent School District No. 716 (GO) Series A (SD CRED PROG) 4.000%, 02/01/19............................. $ 100 $ 101,646 Bloomington Independent School District No. 271 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21............................. 100 107,950 Chaska Independent School District No. 112 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21............................. 1,150 1,241,103 City of Bemidji (GO) Series A (AGM) 5.000%, 02/01/20............................. 530 557,152 5.000%, 02/01/21............................. 575 618,792 City of Cambridge (GO) Series A 3.000%, 02/01/23............................. 375 387,075 City of Chaska (GO) Series B 5.000%, 02/01/21............................. 385 415,392 City of Circle Pines (GO) Series B 3.000%, 02/01/21............................. 215 220,366 City of Duluth (GO) Series A 3.000%, 02/01/20............................. 240 244,637 City of East Grand Forks (GO) Series A 3.000%, 02/01/21............................. 200 204,238 City of Hopkins (GO) Series D 3.000%, 02/01/22............................. 130 133,956 City of Hutchinson (GO) Series C 2.000%, 02/01/19............................. 140 140,185 City of Kasson (GO) 4.000%, 02/01/23............................. 320 343,280 City of Kasson (GO) Series A 2.000%, 02/01/20............................. 160 160,107 City of Lakeville (GO) Series A 5.000%, 02/01/19............................. 605 619,653 5.000%, 02/01/20............................. 470 495,244 City of Lakeville (GO) Series B 5.000%, 02/01/24............................. 710 811,395 City of Mahtomedi (GO) Series A 2.000%, 02/01/19............................. 225 225,448 City of Marshall (GO) Series B 5.000%, 02/01/21............................. 110 118,714 City of Minneapolis (GO) 3.000%, 12/01/27............................. 5,000 5,126,300 City of New Ulm (GO) 2.000%, 12/01/18............................. 220 220,352 2.000%, 12/01/19............................. 325 325,806 City of Red Wing (GO) Series A 4.000%, 02/01/26............................. 700 767,830 City of Richfield (GO) Series A 3.000%, 02/01/24............................. 255 263,025
FACE AMOUNT VALUE+ ------ ------ (000) MINNESOTA -- (Continued) City of Rochester (GO) Series A 5.000%, 02/01/20............................. $1,000 $1,053,880 City of Savage (GO) Series A 3.000%, 02/01/22............................. 325 333,024 City of Shoreview (GO) Series A 3.000%, 02/01/21............................. 290 297,082 City of State Cloud (GO) Series A 3.000%, 02/01/24............................. 450 462,037 City of State Cloud (RB) (currency) 5.125%, 05/01/30 (Pre-refunded @ $100, 5/1/20)...................................... 300 318,084 City of State Francis (GO) Series A 3.000%, 02/01/19............................. 275 277,249 3.000%, 02/01/20............................. 285 290,506 City of State Louis Park (RB) Series C (currency) 5.750%, 07/01/30 (Pre-refunded @ $100, 7/1/18)...................................... 200 201,320 City of State Paul (GO) Series B 5.000%, 11/01/20............................. 835 896,990 City of State Paul Sewer Revenue (RB) Series C-GREEN BONDS 3.000%, 12/01/19............................. 250 254,573 City of Waconia (GO) Series A 3.000%, 02/01/23............................. 450 463,059 3.000%, 02/01/26............................. 820 842,862 City of West State Paul (GO) Series A 3.000%, 02/01/23............................. 230 237,406 City of Woodbury (GO) Series A 2.000%, 02/01/20............................. 135 135,207 2.000%, 02/01/22............................. 145 144,271 Cloquet Independent School District No. 94 (GO) Series A (SD CRED PROG) 5.000%, 04/01/22............................. 910 1,003,593 County of Itasca (GO) Series A 5.000%, 02/01/24............................. 545 616,875 County of Olmsted (GO) Series A 4.000%, 02/01/27............................. 445 481,882 County of Sherburne (GO) Series A 3.000%, 02/01/24............................. 1,360 1,402,799 County of Swift (GO) Series A 3.000%, 02/01/23............................. 215 221,239 Dakota County Community Development Agency (RB) Series B (CNTY GTD) 5.000%, 01/01/23............................. 1,180 1,327,335 Eden Prairie Independent School District No. 272 (GO) Series C (SD CRED PROG) 5.000%, 02/01/20............................. 1,105 1,163,167 Edina Independent School District No. 273 (GO) Series B (SD CRED PROG) 5.000%, 02/01/20............................. 1,000 1,053,000
183 DFA MN MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) MINNESOTA -- (Continued) Fosston Independent School District No. 601 (GO) (SD CRED PROG) 4.000%, 02/01/25............................. $ 550 $ 598,774 Hastings Independent School District No. 200 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21............................. 740 797,387 Hennepin County (GO) Series A 5.000%, 12/01/20............................. 400 430,760 5.000%, 12/01/22............................. 2,125 2,386,821 Hennepin County (GO) Series B 5.000%, 12/01/21............................. 2,000 2,202,660 Housing & Redevelopment Authority of The City of State Paul Minnesota (RB) (currency) 5.250%, 11/15/29 (Pre-refunded @ $100, 11/15/19).................................... 350 367,339 Itasca County (GO) Series A 5.000%, 02/01/23............................. 865 963,662 Lakeville Independent School District No. 194 (GO) Series A (SD CRED PROG) 5.000%, 02/01/20............................. 345 363,161 Luverne Independent School District No. 2184 (GO) Series A (SD CRED PROG) 4.000%, 02/01/21............................. 510 536,841 Mahtomedi Independent School District No. 832 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21............................. 175 188,913 Metropolitan Council (GO) Series C 4.000%, 03/01/20............................. 335 347,284 5.000%, 03/01/26............................. 1,550 1,830,023 Milaca Independent School District No. 912 (GO) Series A (SD CRED PROG) 4.000%, 02/01/24............................. 830 895,321 Milaca Independent School District No. 912 (GO) Series A (SD CRED PROG) 4.000%, 02/01/23............................. 825 883,105 Minneapolis Special School District No. 1 (GO) (SD CRED PROG) 5.000%, 02/01/24............................. 1,200 1,371,372 Minnesota Higher Education Facilities Authority (RB) Series 7-K2-HA (currency) 6.000%, 10/01/40 (Pre-refunded @ $100, 10/1/21)..................................... 450 506,407 Minnesota Public Facilities Authority (RB) Series C (currency) 3.250%, 03/01/24 (Pre-refunded @ $100, 3/1/20)...................................... 770 788,465 Minnesota State (GO) 5.000%, 08/01/20............................. 1,975 2,105,863
FACE AMOUNT VALUE+ ------ ------ (000) MINNESOTA -- (Continued) Minnesota State (GO) (ETM) 5.000%, 08/01/20............................. $ 25 $ 26,617 Minnesota State (GO) Series A 5.000%, 08/01/18............................. 125 126,009 5.000%, 10/01/20............................. 505 540,643 (currency) 5.000%, 08/01/23 (Pre-refunded @ $100, 8/1/20)...................................... 250 266,450 Minnesota State (GO) Series B 5.000%, 08/01/19............................. 1,500 1,558,890 5.000%, 08/01/19............................. 750 779,445 Minnesota State (GO) Series D 5.000%, 08/01/18............................. 800 806,456 5.000%, 08/01/19............................. 50 51,963 5.000%, 08/01/22............................. 1,820 2,027,061 Minnesota State (GO) Series F 5.000%, 10/01/18............................. 1,150 1,165,559 Minnesota State 911 Services Revenue (RB) (currency) 5.000%, 06/01/20 (Pre-refunded @ $100, 6/1/19)...................................... 2,100 2,170,182 Minnesota State Colleges & Universities (RB) Series A 4.000%, 10/01/19............................. 100 103,127 Moorhead Independent School District No. 152 (GO) Series A (SD CRED PROG) 4.000%, 02/01/24............................. 600 650,226 Morris Area Schools Independent School District No. 2769 (GO) Series A (SD CRED PROG) 4.000%, 02/01/23............................. 1,490 1,601,169 4.000%, 02/01/24............................. 300 324,777 New London-Spicer Independent School District No. 345 (GO) Series A (SD CRED PROG) 3.000%, 02/01/23............................. 150 154,080 New Prague Independent School District No. 721 (GO) (SD CRED PROG) 4.000%, 02/01/20............................. 605 626,508 New Prague Independent School District No. 721 (GO) Series A (SD CRED PROG) 5.000%, 02/01/20............................. 320 336,048 North Branch Independent School District No. 138 (GO) Series A (SD CRED PROG) 5.000%, 02/01/20............................. 300 315,792 North St Paul-Maplewood-Oakdale Independent School District No. 622 (GO) Series A (SD CRED PROG) 3.000%, 02/01/24............................. 255 262,472 North St Paul-Maplewood-Oakdale Independent School District No. 622 (GO) Series A (SD CRED PROG) 5.000%, 02/01/22............................. 255 280,732
184 DFA MN MUNICIPAL BOND PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) MINNESOTA -- (Continued) Northfield Independent School District No. 659 (GO) Series A (SD CRED PROG) 4.000%, 02/01/21............................. $500 $508,455 Olmsted County (GO) Series A 5.000%, 02/01/24............................. 675 772,956 Pine City Independent School District No. 578 (GO) Series A (SD CRED PROG) 2.000%, 02/01/21............................. 300 299,358 Rice County (GO) 3.000%, 02/01/20............................. 220 224,250 Robbinsdale Independent School District No. 281 (GO) Series A (SD CRED PROG) 5.000%, 02/01/20............................. 250 263,118 Rochester Independent School District No. 535 (GO) Series B (SD CRED PROG) 5.000%, 02/01/20............................. 205 215,791 5.000%, 02/01/22............................. 210 231,191 Rockford Independent School District No. 883 (GO) Series A (SD CRED PROG) 5.000%, 02/01/19............................. 200 204,768 State Michael-Albertville Independent School District No. 885 (GO) Series A (SD CRED PROG) 4.000%, 02/01/19............................. 150 152,457 4.000%, 02/01/19............................. 305 309,996
FACE AMOUNT VALUE+ ------ ------ (000) MINNESOTA -- (Continued) Three Rivers Park District (GO) Series C 5.000%, 02/01/21............................. $1,060 $ 1,143,973 University of Minnesota (RB) Series B 4.000%, 01/01/20............................. 700 724,766 Washington County (GO) Series A 5.000%, 02/01/19............................. 150 153,645 5.000%, 02/01/21............................. 310 334,989 Watertown-Mayer Independent School District No. 111 (GO) Series B (SD CRED PROG) 4.000%, 02/01/20............................. 500 517,860 Westonka Independent School District No. 277 (GO) Series A (SD CRED PROG) 2.000%, 02/01/20............................. 500 500,680 White Bear Lake Independent School District No. 624 (GO) Series A (SD CRED PROG) 3.000%, 02/01/23............................. 350 358,361 ----------- TOTAL MUNICIPAL BONDS............................ 65,982,064 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $67,642,564)............................. $65,982,064 ===========
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ----------- ------- ----------- Municipal Bonds. -- $65,982,064 -- $65,982,064 -- ----------- -- ----------- TOTAL........... -- $65,982,064 -- $65,982,064 == =========== == ===========
See accompanying Notes to Financial Statements. 185 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF ASSETS AND LIABILITIES APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA DFA TWO-YEAR SELECTIVELY DFA FIVE-YEAR DFA ONE-YEAR GLOBAL FIXED HEDGED GLOBAL GLOBAL FIXED FIXED INCOME INCOME FIXED INCOME INCOME PORTFOLIO* PORTFOLIO* PORTFOLIO* PORTFOLIO* -------------- -------------- -------------- -------------- ASSETS: Investments at Value (including $374,672, $166,390, $21,361 and $56,052 of securities on loan, respectively)........... $ 7,946,027 $ 5,332,176 $ 1,161,011 $ 14,395,025 Temporary Cash Investments at Value & Cost.................. 79,176 -- -- -- Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $378,833, $170,002, $21,907 and $57,309)............................................... 378,846 170,006 21,908 57,311 Foreign Currencies at Value................................. -- 112 17 5,164 Cash........................................................ -- 38,180 8,689 94,819 Receivables: Investment Securities Sold................................ 74,526 42,540 -- 1,942 Interest.................................................. 30,538 29,536 7,307 81,343 Securities Lending Income................................. 45 27 4 13 Fund Shares Sold.......................................... 14,514 3,484 229 10,151 Unrealized Gain on Forward Currency Contracts............... -- 20,373 9,592 198,389 Prepaid Expenses and Other Assets........................... 108 95 21 163 -------------- -------------- -------------- -------------- Total Assets........................................... 8,523,780 5,636,529 1,208,778 14,844,320 -------------- -------------- -------------- -------------- LIABILITIES: Payables: Due to Custodian.......................................... 154 -- -- -- Upon Return of Securities Loaned.......................... 378,873 170,003 21,909 57,328 Investment Securities Purchased........................... 89,348 53,157 5,016 40,279 Fund Shares Redeemed...................................... 23,917 2,613 176 10,676 Due to Advisor............................................ 985 665 145 3,024 Unrealized Loss on Forward Currency Contracts............... -- 276 -- 2,236 Unrealized Loss on Foreign Currency Contracts............... -- 11 -- 32 Accrued Expenses and Other Liabilities...................... 672 534 74 905 -------------- -------------- -------------- -------------- Total Liabilities...................................... 493,949 227,259 27,320 114,480 -------------- -------------- -------------- -------------- NET ASSETS.................................................. $ 8,029,831 $ 5,409,270 $ 1,181,458 $ 14,729,840 ============== ============== ============== ============== Institutional Class Shares -- based on net assets of $8,029,831; $5,409,270; $1,181,458 and $14,729,840 and shares outstanding of 783,852,756; 547,042,580; 124,332,202 and 1,361,302,974, respectively................ $ 10.24 $ 9.89 $ 9.50 $ 10.82 ============== ============== ============== ============== NUMBER OF SHARES AUTHORIZED................................. 4,000,000,000 4,000,000,000 1,000,000,000 6,600,000,000 ============== ============== ============== ============== Investments at Cost......................................... $ 7,987,179 $ 5,378,225 $ 1,174,265 $ 14,606,392 ============== ============== ============== ============== Foreign Currencies at Cost.................................. $ -- $ 112 $ 17 $ 5,184 ============== ============== ============== ============== NET ASSETS CONSIST OF: Paid-In Capital............................................. $ 8,078,642 $ 5,449,435 $ 1,263,046 $ 14,906,401 Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)........................... 4,842 1,179 1,895 (23,905) Accumulated Net Realized Gain (Loss)........................ (12,514) (15,268) (79,758) (136,336) Net Unrealized Foreign Exchange Gain (Loss)................. -- 19,969 9,528 195,065 Net Unrealized Appreciation (Depreciation).................. (41,139) (46,045) (13,253) (211,385) -------------- -------------- -------------- -------------- NET ASSETS.................................................. $ 8,029,831 $ 5,409,270 $ 1,181,458 $ 14,729,840 ============== ============== ============== ==============
---------- * See Note I in the Notes to Financial Statements for additional information about securities lending collateral. See accompanying Notes to Financial Statements. 186 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF ASSETS AND LIABILITIES APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA WORLD EX DFA U.S. DFA SHORT- INTERMEDIATE DFA SHORT-TERM GOVERNMENT TERM GOVERNMENT EXTENDED FIXED INCOME GOVERNMENT FIXED INCOME QUALITY PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO* -------------- -------------- -------------- -------------- ASSETS: Investments at Value (including $0, $0, $0 and $165,737 of securities on loan, respectively)....................... $ 1,007,480 $ 2,270,233 $ 4,773,709 $ 5,803,502 Temporary Cash Investments at Value & Cost.................. -- 6,202 21,392 -- Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $0, $0, $0 and $169,712).......... -- -- -- 169,716 Foreign Currencies at Value................................. 1,258 -- -- 450 Cash........................................................ 4,335 -- -- 36,780 Receivables: Investment Securities Sold................................ 9,772 14,556 -- -- Interest.................................................. 8,913 10,415 45,096 39,009 Securities Lending Income................................. -- -- -- 28 Fund Shares Sold.......................................... 315 1,640 3,754 5,213 Unrealized Gain on Forward Currency Contracts............... 23,048 -- -- 34,284 Prepaid Expenses and Other Assets........................... 20 41 47 91 -------------- -------------- -------------- -------------- Total Assets........................................... 1,055,141 2,303,087 4,843,998 6,089,073 -------------- -------------- -------------- -------------- LIABILITIES: Payables: Upon Return of Securities Loaned.......................... -- -- -- 169,706 Investment Securities Purchased........................... 13,247 14,458 10,770 10,433 Fund Shares Redeemed...................................... 775 5,386 1,792 3,766 Due to Advisor............................................ 149 319 397 960 Unrealized Loss on Forward Currency Contracts............... 241 -- -- 942 Unrealized Loss on Foreign Currency Contracts............... 2 -- -- -- Accrued Expenses and Other Liabilities...................... 64 166 304 324 -------------- -------------- -------------- -------------- Total Liabilities...................................... 14,478 20,329 13,263 186,131 -------------- -------------- -------------- -------------- NET ASSETS.................................................. $ 1,040,663 $ 2,282,758 $ 4,830,735 $ 5,902,942 ============== ============== ============== ============== Institutional Class Shares -- based on net assets of $1,040,663; $2,282,758; $4,830,735 and $5,902,942 and shares outstanding of 101,495,242; 219,525,216; 403,155,251 and 552,105,862, respectively.................. $ 10.25 $ 10.40 $ 11.98 $ 10.69 ============== ============== ============== ============== NUMBER OF SHARES AUTHORIZED................................. 1,000,000,000 1,500,000,000 1,700,000,000 3,000,000,000 ============== ============== ============== ============== Investments at Cost......................................... $ 979,235 $ 2,327,062 $ 4,963,134 $ 5,910,242 ============== ============== ============== ============== Foreign Currencies at Cost.................................. $ 1,261 $ -- $ -- $ 458 ============== ============== ============== ============== NET ASSETS CONSIST OF: Paid-In Capital............................................. $ 1,010,522 $ 2,339,393 $ 5,009,511 $ 5,966,132 Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)........................... (6,653) 4,128 13,141 15,895 Accumulated Net Realized Gain (Loss)........................ (14,171) (3,934) (2,492) (5,367) Net Unrealized Foreign Exchange Gain (Loss)................. 22,723 -- -- 33,026 Net Unrealized Appreciation (Depreciation).................. 28,242 (56,829) (189,425) (106,744) -------------- -------------- -------------- -------------- NET ASSETS.................................................. $ 1,040,663 $ 2,282,758 $ 4,830,735 $ 5,902,942 ============== ============== ============== ==============
---------- * See Note I in the Notes to Financial Statements for additional information about securities lending collateral. See accompanying Notes to Financial Statements. 187 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF ASSETS AND LIABILITIES APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA INTERMEDIATE- DFA GLOBAL TERM EXTENDED DFA TARGETED CORE PLUS DFA QUALITY CREDIT FIXED INCOME INVESTMENT PORTFOLIO* PORTFOLIO* PORTFOLIO GRADE PORTFOLIO* -------------- -------------- ------------ ---------------- ASSETS: Investments at Value (including $170,170, $45,324, $0 and $370,814 of securities on loan, respectively).............. $ 1,825,315 $ 579,484 $ 408,158 $ 8,358,483 Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $174,250, $46,416, $0 and $379,412).................................................. 174,251 46,416 -- 379,422 Foreign Currencies at Value................................. -- 55 112 -- Cash........................................................ 2,148 4,872 4,876 27,500 Receivables: Investment Securities Sold................................ 78 -- -- 28,628 Interest.................................................. 17,676 4,986 3,873 78,778 Securities Lending Income................................. 41 10 -- 86 Fund Shares Sold.......................................... 2,756 673 667 14,596 Unrealized Gain on Forward Currency Contracts............... -- 1,766 6,335 6,409 Deferred Offering Costs..................................... -- -- 45 -- Prepaid Expenses and Other Assets........................... 32 29 18 149 -------------- -------------- ------------ -------------- Total Assets........................................... 2,022,297 638,291 424,084 8,894,051 -------------- -------------- ------------ -------------- LIABILITIES: Payables: Upon Return of Securities Loaned.......................... 174,275 46,419 -- 379,482 Investment Securities Purchased........................... -- 746 2,807 43,907 Fund Shares Redeemed...................................... 1,409 722 133 6,053 Due to Advisor............................................ 307 82 78 1,401 Unrealized Loss on Forward Currency Contracts............... -- -- 2 -- Unrealized Loss on Foreign Currency Contracts............... -- -- 4 -- Accrued Expenses and Other Liabilities...................... 86 33 6 360 -------------- -------------- ------------ -------------- Total Liabilities...................................... 176,077 48,002 3,030 431,203 -------------- -------------- ------------ -------------- NET ASSETS.................................................. $ 1,846,220 $ 590,289 $ 421,054 $ 8,462,848 ============== ============== ============ ============== Institutional Class Shares -- based on net assets of $1,846,220; $590,289; $421,054 and $8,462,848 and shares outstanding of 179,382,966; 59,904,701; 42,700,343 and 806,932,385, respectively................... $ 10.29 $ 9.85 $ 9.86 $ 10.49 ============== ============== ============ ============== NUMBER OF SHARES AUTHORIZED................................. 2,000,000,000 1,000,000,000 500,000,000 2,000,000,000 ============== ============== ============ ============== Investments at Cost......................................... $ 1,903,839 $ 589,582 $ 417,036 $ 8,644,708 ============== ============== ============ ============== Foreign Currencies at Cost.................................. $ -- $ 55 $ 113 $ -- ============== ============== ============ ============== NET ASSETS CONSIST OF: Paid-In Capital............................................. $ 1,926,027 $ 598,321 $ 425,345 $ 8,731,431 Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)........................... 2,091 3,018 865 30,043 Accumulated Net Realized Gain (Loss)........................ (3,375) (2,715) (2,561) (18,725) Net Unrealized Foreign Exchange Gain (Loss)................. -- 1,763 6,284 6,314 Net Unrealized Appreciation (Depreciation).................. (78,523) (10,098) (8,879) (286,215) -------------- -------------- ------------ -------------- NET ASSETS.................................................. $ 1,846,220 $ 590,289 $ 421,054 $ 8,462,848 ============== ============== ============ ==============
---------- * See Note I in the Notes to Financial Statements for additional information about securities lending collateral. See accompanying Notes to Financial Statements. 188 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF ASSETS AND LIABILITIES APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA DFA INFLATION- DFA SHORT- DIVERSIFIED PROTECTED DURATION REAL FIXED INCOME DFA LTIP SECURITIES RETURN PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO* -------------- -------------- -------------- -------------- ASSETS: Investments in Affiliated Investment Companies at Value..... $ 554,606 -- -- -- Investments at Value (including $0, $0, $0 and $89,842 of securities on loan, respectively).......................... 137,013 $ 173,825 $ 4,589,295 $ 1,234,133 Temporary Cash Investments at Value & Cost.................. 2,671 -- 12,606 -- Collateral from Securities on Loan Invested in Affiliate at Value (including cost of $0, $0, $0 and $91,879)........... -- -- -- 91,881 Foreign Currencies at Value................................. -- -- -- 95 Segregated Cash for Swap Contracts.......................... -- -- -- 11,843 Cash........................................................ -- 775 -- 15,853 Receivables: Investment Securities Sold................................ -- -- -- 240 Interest.................................................. 259 323 10,705 8,294 Securities Lending Income................................. -- -- -- 18 Fund Shares Sold.......................................... 5,102 365 3,970 2,643 Unrealized Gain on Swap Contracts........................... -- -- -- 15,884 Unrealized Gain on Forward Currency Contracts............... -- -- -- 4,385 Prepaid Expenses and Other Assets........................... 48 13 50 31 -------------- -------------- -------------- -------------- Total Assets........................................... 699,699 175,301 4,616,626 1,385,300 -------------- -------------- -------------- -------------- LIABILITIES: Payables: Upon Return of Securities Loaned.......................... -- -- -- 91,880 Investment Securities Purchased........................... -- 429 -- 7,502 Fund Shares Redeemed...................................... 616 9 8,323 827 Due to Advisor............................................ 10 18 381 209 Segregated Cash for Swap Contracts........................ -- -- -- 11,843 Unrealized Loss on Swap Contracts........................... -- -- -- 1,129 Accrued Expenses and Other Liabilities...................... 4 5 233 88 -------------- -------------- -------------- -------------- Total Liabilities...................................... 630 461 8,937 113,478 -------------- -------------- -------------- -------------- NET ASSETS.................................................. $ 699,069 $ 174,840 $ 4,607,689 $ 1,271,822 ============== ============== ============== ============== Institutional Class Shares -- based on net assets of $699,069; $174,840; $4,607,689 and $1,271,822 and shares outstanding of 73,349,939; 18,692,580; 397,546,983 and 128,904,343, respectively.................. $ 9.53 $ 9.35 $ 11.59 $ 9.87 ============== ============== ============== ============== NUMBER OF SHARES AUTHORIZED................................. 1,000,000,000 1,000,000,000 1,500,000,000 1,500,000,000 ============== ============== ============== ============== Investments in Affiliated Investment Companies at Cost...... $ 570,189 $ -- $ -- $ -- ============== ============== ============== ============== Investments at Cost......................................... $ 139,147 $ 171,923 $ 4,618,592 $ 1,254,790 ============== ============== ============== ============== Foreign Currencies at Cost.................................. $ -- $ -- $ -- $ 96 ============== ============== ============== ============== NET ASSETS CONSIST OF: Paid-In Capital............................................. $ 715,570 $ 172,308 $ 4,620,065 $ 1,286,332 Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)........................... 936 1,194 23,568 3,174 Accumulated Net Realized Gain (Loss)........................ 280 (564) (6,647) (16,106) Net Unrealized Foreign Exchange Gain (Loss)................. -- -- -- 4,323 Net Unrealized Appreciation (Depreciation).................. (17,717) 1,902 (29,297) (5,901) -------------- -------------- -------------- -------------- NET ASSETS.................................................. $ 699,069 $ 174,840 $ 4,607,689 $ 1,271,822 ============== ============== ============== ==============
---------- * See Note I in the Notes to Financial Statements for additional information about securities lending collateral. See accompanying Notes to Financial Statements. 189 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF ASSETS AND LIABILITIES APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA CALIFORNIA DFA SHORT- DFA MUNICIPAL MUNICIPAL REAL TERM REAL RETURN RETURN DFA MUNICIPAL MUNICIPAL PORTFOLIO PORTFOLIO BOND PORTFOLIO BOND PORTFOLIO -------------- -------------- -------------- -------------- ASSETS: Investments at Value................................. $ 772,773 $ 78,389 $ 409,032 $ 2,530,913 Segregated Cash for Swap Contracts................... 10,318 530 -- -- Cash................................................. 12,140 4,818 6,266 12,489 Receivables: Interest........................................... 8,642 1,024 5,489 36,641 Fund Shares Sold................................... 940 -- 2,167 2,707 Unrealized Gain on Swap Contracts.................... 19,291 864 -- -- Deferred Offering Costs.............................. -- 30 -- -- Prepaid Expenses and Other Assets.................... 23 3 35 68 -------------- ------------ -------------- -------------- Total Assets.................................... 824,127 85,658 422,989 2,582,818 -------------- ------------ -------------- -------------- LIABILITIES: Payables: Investment Securities Purchased.................... 2,029 -- 4,761 2,401 Fund Shares Redeemed............................... 686 -- 874 3,014 Due to Advisor..................................... 133 13 68 425 Due to Broker...................................... 24 -- -- -- Segregated Cash for Swap Contracts................. 10,318 530 -- -- Accrued Expenses and Other Liabilities............... 51 7 18 160 -------------- ------------ -------------- -------------- Total Liabilities............................... 13,241 550 5,721 6,000 -------------- ------------ -------------- -------------- NET ASSETS........................................... $ 810,886 $ 85,108 $ 417,268 $ 2,576,818 ============== ============ ============== ============== Institutional Class Shares -- based on net assets of $810,886; $85,108; $417,268 and $2,576,818 and shares outstanding of 82,692,554; 8,606,755; 41,819,048 and 255,127,154, respectively............ $ 9.81 $ 9.89 $ 9.98 $ 10.10 ============== ============ ============== ============== NUMBER OF SHARES AUTHORIZED.......................... 1,000,000,000 500,000,000 1,000,000,000 1,500,000,000 ============== ============ ============== ============== Investments at Cost.................................. $ 791,943 $ 79,993 $ 415,265 $ 2,546,095 ============== ============ ============== ============== NET ASSETS CONSIST OF: Paid-In Capital...................................... $ 813,008 $ 85,809 $ 423,330 $ 2,591,381 Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)................. 423 39 199 942 Accumulated Net Realized Gain (Loss)................. (2,666) -- (28) (323) Net Unrealized Appreciation (Depreciation)........... 121 (740) (6,233) (15,182) -------------- ------------ -------------- -------------- NET ASSETS........................................... $ 810,886 $ 85,108 $ 417,268 $ 2,576,818 ============== ============ ============== ==============
See accompanying Notes to Financial Statements. 190 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF ASSETS AND LIABILITIES APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA DFA CALIFORNIA INTERMEDIATE- DFA CALIFORNIA INTERMEDIATE- TERM SHORT-TERM TERM MUNICIPAL MUNICIPAL MUNICIPAL BOND PORTFOLIO BOND PORTFOLIO BOND PORTFOLIO -------------- -------------- -------------- ASSETS: Investments at Value................................................ $ 1,731,200 $ 1,073,528 $ 394,079 Cash................................................................ 1,322 8,214 4,118 Receivables: Interest.......................................................... 20,483 15,298 4,964 Fund Shares Sold.................................................. 4,366 2,062 1,665 Prepaid Expenses and Other Assets................................... 50 51 13 -------------- -------------- -------------- Total Assets................................................... 1,757,421 1,099,153 404,839 -------------- -------------- -------------- LIABILITIES: Payables: Investment Securities Purchased................................... -- 5,575 1,597 Fund Shares Redeemed.............................................. 2,712 533 970 Due to Advisor.................................................... 289 180 65 Accrued Expenses and Other Liabilities.............................. 72 55 16 -------------- -------------- -------------- Total Liabilities.............................................. 3,073 6,343 2,648 -------------- -------------- -------------- NET ASSETS.......................................................... $ 1,754,348 $ 1,092,810 $ 402,191 ============== ============== ============== Institutional Class Shares -- based on net assets of $1,754,348; $1,092,810 and $402,191 and shares outstanding of 176,123,095; 106,889,040 and 38,857,484, respectively........................... $ 9.96 $ 10.22 $ 10.35 ============== ============== ============== NUMBER OF SHARES AUTHORIZED......................................... 1,500,000,000 1,000,000,000 1,000,000,000 ============== ============== ============== Investments at Cost................................................. $ 1,752,341 $ 1,078,188 $ 397,007 ============== ============== ============== NET ASSETS CONSIST OF: Paid-In Capital..................................................... $ 1,774,663 $ 1,097,192 $ 404,934 Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)................................................. 941 384 205 Accumulated Net Realized Gain (Loss)................................ (115) (106) (20) Net Unrealized Appreciation (Depreciation).......................... (21,141) (4,660) (2,928) -------------- -------------- -------------- NET ASSETS.......................................................... $ 1,754,348 $ 1,092,810 $ 402,191 ============== ============== ==============
See accompanying Notes to Financial Statements. 191 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF ASSETS AND LIABILITIES APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA NY DFA MN MUNICIPAL MUNICIPAL BOND PORTFOLIO BOND PORTFOLIO -------------- -------------- ASSETS: Investments at Value................................................................ $ 92,391 $ 65,982 Cash................................................................................ 1,208 339 Receivables: Interest.......................................................................... 1,197 801 Fund Shares Sold.................................................................. 11 1,065 Deferred Offering Costs............................................................. -- 17 Prepaid Expenses and Other Assets................................................... 14 5 -------------- ------------ Total Assets................................................................... 94,821 68,209 -------------- ------------ LIABILITIES: Payables: Investment Securities Purchased................................................... -- 336 Fund Shares Redeemed.............................................................. 93 1,087 Due to Advisor.................................................................... 17 10 Accrued Expenses and Other Liabilities.............................................. 7 7 -------------- ------------ Total Liabilities.............................................................. 117 1,440 -------------- ------------ NET ASSETS.......................................................................... $ 94,704 $ 66,769 ============== ============ Institutional Class Shares -- based on net assets of $94,704 and $66,769 and shares outstanding of 9,377,683 and 6,853,088, respectively............................... $ 10.10 $ 9.74 ============== ============ NUMBER OF SHARES AUTHORIZED......................................................... 1,000,000,000 500,000,000 ============== ============ Investments at Cost................................................................. $ 92,991 $ 67,643 ============== ============ NET ASSETS CONSIST OF: Paid-In Capital..................................................................... $ 95,275 $ 68,423 Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)............................................................................ 40 25 Accumulated Net Realized Gain (Loss)................................................ (11) (18) Net Unrealized Appreciation (Depreciation).......................................... (600) (1,661) -------------- ------------ NET ASSETS.......................................................................... $ 94,704 $ 66,769 ============== ============
See accompanying Notes to Financial Statements. 192 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF OPERATIONS FOR THE SIX MONTHS ENDED APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS)
DFA SELECTIVELY DFA ONE- DFA TWO- HEDGED DFA FIVE- YEAR FIXED YEAR GLOBAL GLOBAL FIXED YEAR GLOBAL INCOME FIXED INCOME INCOME FIXED INCOME PORTFOLIO# PORTFOLIO# PORTFOLIO# PORTFOLIO# ---------- ------------ ------------ ------------ INVESTMENT INCOME Interest................................................ $ 65,581 $ 45,401 $ 9,750 $ 107,006 Income from Securities Lending.......................... 181 116 18 94 -------- -------- -------- --------- Total Investment Income.............................. 65,762 45,517 9,768 107,100 -------- -------- -------- --------- EXPENSES Investment Management Fees.............................. 5,832 3,952 869 17,925 Accounting & Transfer Agent Fees........................ 238 219 40 689 Custodian Fees.......................................... 72 83 16 204 Filing Fees............................................. 93 68 20 143 Shareholders' Reports................................... 90 70 12 209 Directors'/Trustees' Fees & Expenses.................... 30 21 5 56 Professional Fees....................................... 45 32 7 86 Other................................................... 86 63 15 163 -------- -------- -------- --------- Total Expenses....................................... 6,486 4,508 984 19,475 -------- -------- -------- --------- Fees Paid Indirectly (Note C)........................... -- (24) -- (43) -------- -------- -------- --------- Net Expenses............................................ 6,486 4,484 984 19,432 -------- -------- -------- --------- NET INVESTMENT INCOME (LOSS)............................ 59,276 41,033 8,784 87,668 -------- -------- -------- --------- REALIZED AND UNREALIZED GAIN (LOSS) Net Realized Gain (Loss) on: Investment Securities Sold**.......................... (9,297) (18,021) (920) (56,213) Affiliated Investment Companies Shares Sold........... (40) (14) (3) (18) Foreign Currency Transactions......................... -- (79) (16) (178) Forward Currency Contracts............................ -- 10,272 (6,289) (79,891) Change in Unrealized Appreciation (Depreciation) of: Investment Securities and Foreign Currency............ (30,665) (29,264) (12,750) (186,866) Affiliated Investment Companies Shares................ 17 6 1 4 Translation of Foreign Currency Denominated Amounts... -- 61 (45) (791) Forward Currency Contracts............................ -- (6,652) 12,169 121,553 -------- -------- -------- --------- NET REALIZED AND UNREALIZED GAIN (LOSS)................. (39,985) (43,691) (7,853) (202,400) -------- -------- -------- --------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS............................................... $ 19,291 $ (2,658) $ 931 $(114,732) ======== ======== ======== =========
---------- **Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively. # Portion of income is from investment in affiliated fund. See accompanying Notes to Financial Statements. 193 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF OPERATIONS FOR THE SIX MONTHS ENDED APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS)
DFA WORLD EX DFA DFA SHORT- U.S. DFA SHORT- INTERMEDIATE TERM GOVERNMENT TERM GOVERNMENT EXTENDED FIXED INCOME GOVERNMENT FIXED INCOME QUALITY PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO# ------------ ---------- ------------ ---------- INVESTMENT INCOME Interest................................................. $ 5,845 $ 17,710 $ 53,895 $ 56,071 Income from Securities Lending........................... -- -- -- 101 -------- -------- --------- --------- Total Investment Income............................... 5,845 17,710 53,895 56,172 -------- -------- --------- --------- EXPENSES Investment Management Fees............................... 886 1,906 2,351 5,728 Accounting & Transfer Agent Fees......................... 34 95 305 280 Custodian Fees........................................... 34 11 22 53 Filing Fees.............................................. 20 30 33 72 Shareholders' Reports.................................... 12 32 70 83 Directors'/Trustees' Fees & Expenses..................... 4 9 18 22 Professional Fees........................................ 6 14 28 34 Other.................................................... 11 26 52 64 -------- -------- --------- --------- Total Expenses........................................ 1,007 2,123 2,879 6,336 -------- -------- --------- --------- Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)............... (22) -- -- (35) Fees Paid Indirectly (Note C)............................ (10) -- -- -- -------- -------- --------- --------- Net Expenses............................................. 975 2,123 2,879 6,301 -------- -------- --------- --------- NET INVESTMENT INCOME (LOSS)............................. 4,870 15,587 51,016 49,871 -------- -------- --------- --------- REALIZED AND UNREALIZED GAIN (LOSS) Net Realized Gain (Loss) on: Investment Securities Sold**........................... 15,648 (3,606) (2,209) (3,580) Affiliated Investment Companies Shares Sold............ -- -- -- (8) Foreign Currency Transactions.......................... 362 -- -- 38 Forward Currency Contracts............................. (29,817) -- -- (1,817) Change in Unrealized Appreciation (Depreciation) of: Investment Securities and Foreign Currency............. 1,894 (39,797) (177,536) (107,915) Affiliated Investment Companies Shares................. -- -- -- 3 Translation of Foreign Currency Denominated Amounts.... (185) -- -- (288) Forward Currency Contracts............................. 12,530 -- -- 24,176 -------- -------- --------- --------- NET REALIZED AND UNREALIZED GAIN (LOSS).................. 432 (43,403) (179,745) (89,391) -------- -------- --------- --------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS................................................ $ 5,302 $(27,816) $(128,729) $ (39,520) ======== ======== ========= =========
---------- **Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively. # Portion of income is from investment in affiliated fund. See accompanying Notes to Financial Statements. 194 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF OPERATIONS FOR THE SIX MONTHS ENDED APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS)
DFA INTERMEDIATE- TERM DFA GLOBAL DFA EXTENDED DFA TARGETED CORE PLUS INVESTMENT QUALITY CREDIT FIXED INCOME GRADE PORTFOLIO# PORTFOLIO# PORTFOLIO(A) PORTFOLIO# ------------- ------------ ------------ ---------- INVESTMENT INCOME Income Distributions Received from Affiliated Investment Companies...................................................... -- -- -- $ 2 -------- -------- ------- --------- Total Net Investment Income Received from Affiliated Investment Companies........................................ -- -- -- 2 -------- -------- ------- --------- Interest........................................................ $ 30,536 $ 6,530 $ 1,756 110,115 Income from Securities Lending.................................. 211 47 -- 623 -------- -------- ------- --------- Total Investment Income...................................... 30,747 6,577 1,756 110,740 -------- -------- ------- --------- EXPENSES Investment Management Fees...................................... 1,840 523 265 8,320 Accounting & Transfer Agent Fees................................ 69 32 4 300 Custodian Fees.................................................. 10 5 -- 47 Filing Fees..................................................... 31 20 5 148 Shareholders' Reports........................................... 20 8 2 99 Directors'/Trustees' Fees & Expenses............................ 7 2 -- 33 Professional Fees............................................... 11 4 1 49 Organizational & Offering Costs................................. -- -- 19 -- Other........................................................... 20 6 1 93 -------- -------- ------- --------- Total Expenses............................................... 2,008 600 297 9,089 -------- -------- ------- --------- Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)............................. 16 (50) (7) 65 -------- -------- ------- --------- Net Expenses.................................................... 2,024 550 290 9,154 -------- -------- ------- --------- NET INVESTMENT INCOME (LOSS).................................... 28,723 6,027 1,466 101,586 -------- -------- ------- --------- REALIZED AND UNREALIZED GAIN (LOSS) Net Realized Gain (Loss) on: Investment Securities Sold**.................................. (3,346) (287) (2,542) (15,454) Affiliated Investment Companies Shares Sold................... (24) (4) -- (82) Foreign Currency Transactions................................. -- 24 (78) (5) Forward Currency Contracts.................................... -- (2,448) 59 (432) In-Kind Redemptions........................................... -- -- -- (1) Change in Unrealized Appreciation (Depreciation) of: Investment Securities**....................................... (90,693) (10,641) (8,879) (319,098) Affiliated Investment Companies Shares........................ 4 -- -- 17 Translation of Foreign Currency Denominated Amounts........... -- 4 (49) (82) Forward Currency Contracts.................................... -- 910 6,333 4,183 -------- -------- ------- --------- NET REALIZED AND UNREALIZED GAIN (LOSS)......................... (94,059) (12,442) (5,156) (330,954) -------- -------- ------- --------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................................................... $(65,336) $ (6,415) $(3,690) $(229,368) ======== ======== ======= =========
---------- **Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively. # Portion of income is from investment in affiliated fund. (a)The Portfolio commenced operations on January 11, 2018. See accompanying Notes to Financial Statements. 195 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF OPERATIONS FOR THE SIX MONTHS ENDED APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS)
DFA DFA INFLATION- DFA SHORT- DIVERSIFIED PROTECTED DURATION REAL FIXED INCOME DFA LTIP SECURITIES RETURN PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO# ------------ --------- ---------- ------------- INVESTMENT INCOME Income Distributions............................................ $ 4,622 -- -- -- -------- ------ -------- -------- Total Net Investment Income Received from Affiliated Investment Companies........................................ 4,622 -- -- -- -------- ------ -------- -------- Interest........................................................ 1,819 $2,847 $ 73,247 $ 11,441 Income from Securities Lending.................................. -- -- -- 80 -------- ------ -------- -------- Total Investment Income...................................... 6,441 2,847 73,247 11,521 -------- ------ -------- -------- EXPENSES Investment Management Fees...................................... 369 74 2,273 1,194 Accounting & Transfer Agent Fees................................ 7 5 149 52 Custodian Fees.................................................. 1 1 21 22 Filing Fees..................................................... 33 9 53 31 Shareholders' Reports........................................... 5 1 59 25 Directors'/Trustees' Fees & Expenses............................ 2 1 17 4 Professional Fees............................................... 2 1 26 8 Other........................................................... 2 2 49 14 -------- ------ -------- -------- Total Expenses............................................... 421 94 2,647 1,350 -------- ------ -------- -------- Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)............................. (301) 18 -- 20 -------- ------ -------- -------- Net Expenses.................................................... 120 112 2,647 1,370 -------- ------ -------- -------- NET INVESTMENT INCOME (LOSS).................................... 6,321 2,735 70,600 10,151 -------- ------ -------- -------- REALIZED AND UNREALIZED GAIN (LOSS) Capital Gain Distributions Received from Investment Securities.. 302 -- -- -- Net Realized Gain (Loss) on: Investment Securities Sold**.................................. (21) (152) (4,690) (1,454) Affiliated Investment Companies Shares Sold................... -- -- -- (8) Swap Contracts................................................ -- -- -- 284 Foreign Currency Transactions................................. -- -- -- 8 Forward Currency Contracts.................................... -- -- -- 1,421 Change in Unrealized Appreciation (Depreciation) of: Investment Securities and Foreign Currency.................... (1,816) (152) (84,476) (20,279) Affiliated Investment Companies Shares........................ (13,476) -- -- 1 Swap Contracts................................................ -- -- -- 10,577 Translation of Foreign Currency Denominated Amounts........... -- -- -- (54) Forward Currency Contracts.................................... -- -- -- 767 -------- ------ -------- -------- NET REALIZED AND UNREALIZED GAIN (LOSS)......................... (15,011) (304) (89,166) (8,737) -------- ------ -------- -------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................................................... $ (8,690) $2,431 $(18,566) $ 1,414 ======== ====== ======== ========
---------- **Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively. # Portion of income is from investment in affiliated fund. See accompanying Notes to Financial Statements. 196 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF OPERATIONS FOR THE SIX MONTHS ENDED APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS)
DFA DFA DFA CALIFORNIA DFA SHORT-TERM MUNICIPAL MUNICIPAL MUNICIPAL MUNICIPAL REAL RETURN REAL RETURN BOND BOND PORTFOLIO PORTFOLIO(A) PORTFOLIO PORTFOLIO ----------- ------------ --------- ---------- INVESTMENT INCOME Interest........................................................ $ 6,662 $ 478 $ 2,946 $ 16,474 -------- ------- ------- -------- Total Investment Income...................................... 6,662 478 2,946 16,474 -------- ------- ------- -------- EXPENSES Investment Management Fees...................................... 775 63 380 2,548 Accounting & Transfer Agent Fees................................ 24 3 12 79 Custodian Fees.................................................. 23 6 2 12 Filing Fees..................................................... 22 2 23 71 Shareholders' Reports........................................... 5 -- 3 23 Directors'/Trustees' Fees & Expenses............................ 3 -- 1 10 Professional Fees............................................... 5 -- 2 15 Organizational & Offering Costs................................. -- 29 -- -- Other........................................................... 53 2 5 29 -------- ------- ------- -------- Total Expenses............................................... 910 105 428 2,787 -------- ------- ------- -------- Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)............................. -- (10) 9 -- Fees Paid Indirectly (Note C)................................... (38) (2) (12) (78) -------- ------- ------- -------- Net Expenses.................................................... 872 93 425 2,709 -------- ------- ------- -------- NET INVESTMENT INCOME (LOSS).................................... 5,790 385 2,521 13,765 -------- ------- ------- -------- REALIZED AND UNREALIZED GAIN (LOSS) Net Realized Gain (Loss) on: Investment Securities Sold**.................................. (24) -- (1) (218) Swap Contracts................................................ 23 -- -- -- Change in Unrealized Appreciation (Depreciation) of: Investment Securities......................................... (22,234) (1,604) (7,893) (21,567) Swap Contracts................................................ 11,472 864 -- -- -------- ------- ------- -------- NET REALIZED AND UNREALIZED GAIN (LOSS)......................... (10,763) (740) (7,894) (21,785) -------- ------- ------- -------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS... $ (4,973) $ (355) $(5,373) $ (8,020) ======== ======= ======= ========
---------- **Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively. (a)The Portfolio commenced operations on November 1, 2017. See accompanying Notes to Financial Statements. 197 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF OPERATIONS FOR THE SIX MONTHS ENDED APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS)
DFA DFA DFA CALIFORNIA INTERMEDIATE- CALIFORNIA INTERMEDIATE- TERM SHORT-TERM TERM MUNICIPAL MUNICIPAL MUNICIPAL BOND BOND BOND PORTFOLIO PORTFOLIO PORTFOLIO ------------- ---------- ------------- INVESTMENT INCOME Interest............................................................. $ 14,693 $ 6,229 $ 3,052 -------- ------- ------- Total Investment Income........................................... 14,693 6,229 3,052 -------- ------- ------- EXPENSES Investment Management Fees........................................... 1,702 1,048 368 Accounting & Transfer Agent Fees..................................... 57 29 11 Custodian Fees....................................................... 8 5 2 Filing Fees.......................................................... 53 14 11 Shareholders' Reports................................................ 17 8 3 Directors'/Trustees' Fees & Expenses................................. 7 4 1 Professional Fees.................................................... 10 6 2 Other................................................................ 22 12 5 -------- ------- ------- Total Expenses.................................................... 1,876 1,126 403 -------- ------- ------- Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)....................................... 23 -- 10 Fees Paid Indirectly (Note C)........................................ (51) (33) (10) -------- ------- ------- Net Expenses......................................................... 1,848 1,093 403 -------- ------- ------- NET INVESTMENT INCOME (LOSS)......................................... 12,845 5,136 2,649 -------- ------- ------- REALIZED AND UNREALIZED GAIN (LOSS) Net Realized Gain (Loss) on: Investment Securities Sold**....................................... (10) (83) (11) Change in Unrealized Appreciation (Depreciation) of: Investment Securities.............................................. (39,996) (9,058) (8,168) -------- ------- ------- NET REALIZED AND UNREALIZED GAIN (LOSS).............................. (40,006) (9,141) (8,179) -------- ------- ------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS........ $(27,161) $(4,005) $(5,530) ======== ======= =======
---------- **Net of foreign capital gain taxes withheld of $0, $0 and $0, respectively. See accompanying Notes to Financial Statements. 198 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF OPERATIONS FOR THE SIX MONTHS ENDED APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS)
DFA NY DFA MN MUNICIPAL MUNICIPAL BOND BOND PORTFOLIO PORTFOLIO --------- --------- INVESTMENT INCOME Interest.................................................................................. $ 649 $ 445 ------- ------- Total Investment Income................................................................ 649 445 ------- ------- EXPENSES Investment Management Fees................................................................ 92 80 Accounting & Transfer Agent Fees.......................................................... 4 3 Custodian Fees............................................................................ 1 1 Filing Fees............................................................................... 10 3 Shareholders' Reports..................................................................... 1 -- Professional Fees......................................................................... 1 -- Organizational & Offering Costs........................................................... -- 38 Other..................................................................................... -- 2 ------- ------- Total Expenses......................................................................... 109 127 ------- ------- Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor (Note C)................................................................................. 5 (25) Fees Paid Indirectly (Note C)............................................................. (4) (2) ------- ------- Net Expenses.............................................................................. 110 100 ------- ------- NET INVESTMENT INCOME (LOSS).............................................................. 539 345 ------- ------- REALIZED AND UNREALIZED GAIN (LOSS) Net Realized Gain (Loss) on: Investment Securities Sold**............................................................ (9) (18) Change in Unrealized Appreciation (Depreciation) of: Investment Securities................................................................... (1,306) (1,362) ------- ------- NET REALIZED AND UNREALIZED GAIN (LOSS)................................................... (1,315) (1,380) ------- ------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS............................. $ (776) $(1,035) ======= =======
---------- **Net of foreign capital gain taxes withheld of $0, and $0, respectively. See accompanying Notes to Financial Statements. 199 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF CHANGES IN NET ASSETS (AMOUNTS IN THOUSANDS)
DFA SELECTIVELY DFA ONE-YEAR FIXED DFA TWO-YEAR GLOBAL HEDGED GLOBAL FIXED INCOME PORTFOLIO FIXED INCOME PORTFOLIO INCOME PORTFOLIO ------------------------ ---------------------- ---------------------- SIX MONTHS YEAR SIX MONTHS YEAR SIX MONTHS YEAR ENDED ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, APRIL 30, OCT. 31, APRIL 30, OCT. 31, 2018 2017 2018 2017 2018 2017 ----------- ----------- ---------- ---------- ---------- ---------- (UNAUDITED) (UNAUDITED) (UNAUDITED) INCREASE (DECREASE) IN NET ASSETS Operations: Net Investment Income (Loss)....... $ 59,276 $ 78,106 $ 41,033 $ 60,188 $ 8,784 $ 18,914 Net Realized Gain (Loss) on: Investment Securities Sold*....... (9,297) (3,170) (18,021) (9,125) (920) 1,096 Affiliated Investment Companies Shares Sold............ (40) (5) (14) 10 (3) -- Foreign Currency Transactions..................... -- -- (79) (6) (16) 32 Forward Currency Contracts........ -- -- 10,272 (15,260) (6,289) (1,675) Change in Unrealized Appreciation (Depreciation) of: Investment Securities and Foreign Currency................. (30,665) (11,738) (29,264) (12,838) (12,750) (6,683) Affiliated Investment Companies Shares Sold............ 17 (10) 6 (11) 1 -- Translation of Foreign Currency Denominated Amounts.............. -- -- 61 (181) (45) (19) Forward Currency Contracts........ -- -- (6,652) 25,152 12,169 (893) ----------- ----------- ---------- ---------- ---------- ---------- Net Increase (Decrease) in Net Assets Resulting from Operations...................... 19,291 63,183 (2,658) 47,929 931 10,772 ----------- ----------- ---------- ---------- ---------- ---------- Distributions From: Net Investment Income: Institutional Class Shares........ (54,425) (75,756) (48,469) (46,352) (19,847) (16,079) Net Short-Term Gains: Institutional Class Shares........ -- -- -- -- -- -- Net Long-Term Gains: Institutional Class Shares........ -- (405) -- -- -- -- ----------- ----------- ---------- ---------- ---------- ---------- Total Distributions.............. (54,425) (76,161) (48,469) (46,352) (19,847) (16,079) ----------- ----------- ---------- ---------- ---------- ---------- Capital Share Transactions (1): Shares Issued...................... 2,573,266 3,802,547 766,129 1,413,377 143,413 273,288 Shares Issued in Lieu of Cash Distributions..................... 50,750 70,974 44,566 42,763 19,805 16,054 Shares Redeemed.................... (2,017,062) (3,388,321) (551,948) (980,824) (100,569) (135,061) ----------- ----------- ---------- ---------- ---------- ---------- Net Increase (Decrease) from Capital Share Transactions.................... 606,954 485,200 258,747 475,316 62,649 154,281 ----------- ----------- ---------- ---------- ---------- ---------- Total Increase (Decrease) in Net Assets...................... 571,820 472,222 207,620 476,893 43,733 148,974 NET ASSETS Beginning of Period................ 7,458,011 6,985,789 5,201,650 4,724,757 1,137,725 988,751 ----------- ----------- ---------- ---------- ---------- ---------- End of Period...................... $ 8,029,831 $ 7,458,011 $5,409,270 $5,201,650 $1,181,458 $1,137,725 =========== =========== ========== ========== ========== ========== (1) SHARES ISSUED AND REDEEMED: Shares Issued...................... 250,604 369,200 77,426 141,855 15,045 28,488 Shares Issued in Lieu of Cash Distributions..................... 4,948 6,893 4,511 4,302 2,085 1,704 Shares Redeemed.................... (196,480) (328,963) (55,792) (98,424) (10,565) (14,096) ----------- ----------- ---------- ---------- ---------- ---------- Net Increase (Decrease) from Shares Issued and Redeemed........................ 59,072 47,130 26,145 47,733 6,565 16,096 =========== =========== ========== ========== ========== ========== UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF NET INVESTMENT INCOME)........... $ 4,842 $ (9) $ 1,179 $ 8,617 $ 1,895 $ 12,958
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO ------------------------ SIX MONTHS YEAR ENDED ENDED APRIL 30, OCT. 31, 2018 2017 ----------- ----------- (UNAUDITED) INCREASE (DECREASE) IN NET ASSETS Operations: Net Investment Income (Loss)....... $ 87,668 $ 218,002 Net Realized Gain (Loss) on: Investment Securities Sold*....... (56,213) 9,356 Affiliated Investment Companies Shares Sold............ (18) (14) Foreign Currency Transactions..................... (178) (118) Forward Currency Contracts........ (79,891) (29,234) Change in Unrealized Appreciation (Depreciation) of: Investment Securities and Foreign Currency................. (186,866) (135,610) Affiliated Investment Companies Shares Sold............ 4 (11) Translation of Foreign Currency Denominated Amounts.............. (791) (286) Forward Currency Contracts........ 121,553 73,100 ----------- ----------- Net Increase (Decrease) in Net Assets Resulting from Operations...................... (114,732) 135,185 ----------- ----------- Distributions From: Net Investment Income: Institutional Class Shares........ (152,047) (219,966) Net Short-Term Gains: Institutional Class Shares........ -- (5,423) Net Long-Term Gains: Institutional Class Shares........ (9,220) (42,519) ----------- ----------- Total Distributions.............. (161,267) (267,908) ----------- ----------- Capital Share Transactions (1): Shares Issued...................... 2,141,783 3,690,788 Shares Issued in Lieu of Cash Distributions..................... 152,345 253,124 Shares Redeemed.................... (1,373,405) (2,323,448) ----------- ----------- Net Increase (Decrease) from Capital Share Transactions.................... 920,723 1,620,464 ----------- ----------- Total Increase (Decrease) in Net Assets...................... 644,724 1,487,741 NET ASSETS Beginning of Period................ 14,085,116 12,597,375 ----------- ----------- End of Period...................... $14,729,840 $14,085,116 =========== =========== (1) SHARES ISSUED AND REDEEMED: Shares Issued...................... 197,153 336,497 Shares Issued in Lieu of Cash Distributions..................... 13,989 23,294 Shares Redeemed.................... (126,505) (211,994) ----------- ----------- Net Increase (Decrease) from Shares Issued and Redeemed........................ 84,637 147,797 =========== =========== UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF NET INVESTMENT INCOME)........... $ (23,905) $ 40,474
---------- * Net of foreign capital gain taxes withheld of $0, $0, $0, $0, $0, $0, $0 and $0, respectively. See accompanying Notes to Financial Statements. 200 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF CHANGES IN NET ASSETS (AMOUNTS IN THOUSANDS)
DFA WORLD EX U.S. DFA INTERMEDIATE GOVERNMENT FIXED DFA SHORT-TERM GOVERNMENT FIXED INCOME PORTFOLIO GOVERNMENT PORTFOLIO INCOME PORTFOLIO --------------------- ---------------------- ---------------------- SIX MONTHS YEAR SIX MONTHS YEAR SIX MONTHS YEAR ENDED ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, APRIL 30, OCT. 31, APRIL 30, OCT. 31, 2018 2017 2018 2017 2018 2017 ---------- --------- ---------- ---------- ---------- ---------- (UNAUDITED) (UNAUDITED) (UNAUDITED) INCREASE (DECREASE) IN NET ASSETS Operations: Net Investment Income (Loss).......... $ 4,870 $ 8,807 $ 15,587 $ 25,234 $ 51,016 $ 86,271 Net Realized Gain (Loss) on: Investment Securities Sold*.......... 15,648 (7,868) (3,606) (293) (2,209) 5,070 Affiliated Investment Companies Shares Sold......................... -- -- -- -- -- -- Foreign Currency Transactions........ 362 88 -- -- -- -- Forward Currency Contracts........... (29,817) (35,520) -- -- -- -- Change in Unrealized Appreciation (Depreciation) of: Investment Securities and Foreign Currency............................ 1,894 41,145 (39,797) (26,421) (177,536) (118,697) Affiliated Investment Companies Shares Sold......................... -- -- -- -- -- -- Translation of Foreign Currency Denominated Amounts................. (185) 371 -- -- -- -- Forward Currency Contracts........... 12,530 5,671 -- -- -- -- ---------- --------- ---------- ---------- ---------- ---------- Net Increase (Decrease) in Net Assets Resulting from Operations......................... 5,302 12,694 (27,816) (1,480) (128,729) (27,356) ---------- --------- ---------- ---------- ---------- ---------- Distributions From: Net Investment Income: Institutional Class Shares........... (1,574) (19,386) (14,017) (24,390) (47,139) (85,509) Net Short-Term Gains: Institutional Class Shares........... -- (1,312) -- (720) -- (3,003) Net Long-Term Gains: Institutional Class Shares........... -- (551) -- (4,717) (5,000) (6,710) ---------- --------- ---------- ---------- ---------- ---------- Total Distributions................. (1,574) (21,249) (14,017) (29,827) (52,139) (95,222) ---------- --------- ---------- ---------- ---------- ---------- Capital Share Transactions (1): Shares Issued......................... 171,131 310,507 367,819 656,942 742,197 1,485,982 Shares Issued in Lieu of Cash Distributions........................ 1,534 20,926 13,138 27,900 49,261 89,994 Shares Redeemed....................... (69,370) (161,902) (278,207) (526,204) (409,696) (635,193) ---------- --------- ---------- ---------- ---------- ---------- Net Increase (Decrease) from Capital Share Transactions......... 103,295 169,531 102,750 158,638 381,762 940,783 ---------- --------- ---------- ---------- ---------- ---------- Total Increase (Decrease) in Net Assets............................. 107,023 160,976 60,917 127,331 200,894 818,205 NET ASSETS Beginning of Period................... 933,640 772,664 2,221,841 2,094,510 4,629,841 3,811,636 ---------- --------- ---------- ---------- ---------- ---------- End of Period......................... $1,040,663 $ 933,640 $2,282,758 $2,221,841 $4,830,735 $4,629,841 ========== ========= ========== ========== ========== ========== (1) SHARES ISSUED AND REDEEMED: Shares Issued......................... 16,767 30,894 35,057 61,811 60,778 119,215 Shares Issued in Lieu of Cash Distributions........................ 149 2,118 1,253 2,635 4,018 7,275 Shares Redeemed....................... (6,804) (16,144) (26,531) (49,508) (33,557) (51,024) ---------- --------- ---------- ---------- ---------- ---------- Net Increase (Decrease) from Shares Issued and Redeemed........................... 10,112 16,868 9,779 14,938 31,239 75,466 ========== ========= ========== ========== ========== ========== UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF NET INVESTMENT INCOME)................. $ (6,653) $ (9,949) $ 4,128 $ 2,558 $ 13,141 $ 9,264
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO ----------------------- SIX MONTHS YEAR ENDED ENDED APRIL 30, OCT. 31, 2018 2017 ---------- ----------- (UNAUDITED) INCREASE (DECREASE) IN NET ASSETS Operations: Net Investment Income (Loss).......... $ 49,871 $ 95,353 Net Realized Gain (Loss) on: Investment Securities Sold*.......... (3,580) 4,711 Affiliated Investment Companies Shares Sold......................... (8) 13 Foreign Currency Transactions........ 38 (12) Forward Currency Contracts........... (1,817) (5,021) Change in Unrealized Appreciation (Depreciation) of: Investment Securities and Foreign Currency............................ (107,915) (38,269) Affiliated Investment Companies Shares Sold......................... 3 (12) Translation of Foreign Currency Denominated Amounts................. (288) (28) Forward Currency Contracts........... 24,176 9,166 ---------- ----------- Net Increase (Decrease) in Net Assets Resulting from Operations......................... (39,520) 65,901 ---------- ----------- Distributions From: Net Investment Income: Institutional Class Shares........... (39,413) (84,608) Net Short-Term Gains: Institutional Class Shares........... -- (4) Net Long-Term Gains: Institutional Class Shares........... (4,055) (4) ---------- ----------- Total Distributions................. (43,468) (84,616) ---------- ----------- Capital Share Transactions (1): Shares Issued......................... 1,015,278 1,860,954 Shares Issued in Lieu of Cash Distributions........................ 42,621 82,823 Shares Redeemed....................... (631,733) (1,088,768) ---------- ----------- Net Increase (Decrease) from Capital Share Transactions......... 426,166 855,009 ---------- ----------- Total Increase (Decrease) in Net Assets............................. 343,178 836,294 NET ASSETS Beginning of Period................... 5,559,764 4,723,470 ---------- ----------- End of Period......................... $5,902,942 $ 5,559,764 ========== =========== (1) SHARES ISSUED AND REDEEMED: Shares Issued......................... 94,504 172,020 Shares Issued in Lieu of Cash Distributions........................ 3,962 7,658 Shares Redeemed....................... (58,862) (100,624) ---------- ----------- Net Increase (Decrease) from Shares Issued and Redeemed........................... 39,604 79,054 ========== =========== UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF NET INVESTMENT INCOME)................. $ 15,895 $ 5,437
---------- * Net of foreign capital gain taxes withheld of $0, $0, $0, $0, $0, $0, $0 and $0, respectively. See accompanying Notes to Financial Statements. 201 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF CHANGES IN NET ASSETS (AMOUNTS IN THOUSANDS)
DFA INTERMEDIATE- DFA GLOBAL TERM EXTENDED DFA TARGETED CORE PLUS FIXED QUALITY PORTFOLIO CREDIT PORTFOLIO INCOME PORTFOLIO ---------------------- -------------------- ---------------- PERIOD JAN. 11, SIX MONTHS YEAR SIX MONTHS YEAR 2018(A) ENDED ENDED ENDED ENDED TO APRIL 30, OCT. 31, APRIL 30, OCT. 31, APRIL 30, 2018 2017 2018 2017 2018 ----------- ---------- ----------- -------- ---------------- (UNAUDITED) (UNAUDITED) (UNAUDITED) INCREASE (DECREASE) IN NET ASSETS Operations: Net Investment Income (Loss).............. $ 28,723 $ 47,210 $ 6,027 $ 9,907 $ 1,466 Net Realized Gain (Loss) on: Investment Securities Sold*.............. (3,346) 5,720 (287) 793 (2,542) Affiliated Investment Companies Shares Sold.................................... (24) (2) (4) -- -- Foreign Currency Transactions............ -- -- 24 (7) (78) Forward Currency Contracts............... -- -- (2,448) (137) 59 In-Kind Redemptions...................... -- -- -- -- -- Change in Unrealized Appreciation (Depreciation) of: Investment Securities and Foreign Currency................................ (90,693) (17,528) (10,641) (1,972) (8,879) Affiliated Investment Companies Shares Sold.................................... 4 (8) -- (1) -- Translation of Foreign Currency Denominated Amounts..................... -- -- 4 3 (49) Forward Currency Contracts............... -- -- 910 844 6,333 ---------- ---------- -------- -------- -------- Net Increase (Decrease) in Net Assets Resulting from Operations............................. (65,336) 35,392 (6,415) 9,430 (3,690) ---------- ---------- -------- -------- -------- Distributions From: Net Investment Income: Institutional Class Shares............... (27,081) (46,418) (3,708) (9,264) (601) Net Short-Term Gains: Institutional Class Shares............... -- (339) -- -- -- Net Long-Term Gains: Institutional Class Shares............... (5,639) (2,020) (906) -- -- ---------- ---------- -------- -------- -------- Total Distributions..................... (32,720) (48,777) (4,614) (9,264) (601) ---------- ---------- -------- -------- -------- Capital Share Transactions (1): Shares Issued............................. 350,501 671,617 128,074 228,033 431,469 Shares Issued in Lieu of Cash Distributions............................ 30,747 45,412 4,469 8,916 601 Shares Redeemed........................... (241,863) (312,794) (45,813) (79,106) (6,725) ---------- ---------- -------- -------- -------- Net Increase (Decrease) from Capital Share Transactions..................... 139,385 404,235 86,730 157,843 425,345 ---------- ---------- -------- -------- -------- Total Increase (Decrease) in Net Assets................................. 41,329 390,850 75,701 158,009 421,054 NET ASSETS Beginning of Period....................... 1,804,891 1,414,041 514,588 356,579 -- ---------- ---------- -------- -------- -------- End of Period............................. $1,846,220 $1,804,891 $590,289 $514,588 $421,054 ========== ========== ======== ======== ======== (1) SHARES ISSUED AND REDEEMED: Shares Issued............................. 33,079 62,563 12,910 22,826 43,320 Shares Issued in Lieu of Cash Distributions............................ 2,904 4,238 449 893 61 Shares Redeemed........................... (22,998) (29,251) (4,623) (7,910) (681) ---------- ---------- -------- -------- -------- Net Increase (Decrease) from Shares Issued and Redeemed.................... 12,985 37,550 8,736 15,809 42,700 ========== ========== ======== ======== ======== UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF NET INVESTMENT INCOME)......................... $ 2,091 $ 449 $ 3,018 $ 699 $ 865
DFA INVESTMENT GRADE PORTFOLIO ------------------------ SIX MONTHS YEAR ENDED ENDED APRIL 30, OCT. 31, 2018 2017 ----------- ----------- (UNAUDITED) INCREASE (DECREASE) IN NET ASSETS Operations: Net Investment Income (Loss).............. $ 101,586 $ 165,935 Net Realized Gain (Loss) on: Investment Securities Sold*.............. (15,454) 4,461 Affiliated Investment Companies Shares Sold.................................... (82) 4 Foreign Currency Transactions............ (5) 12 Forward Currency Contracts............... (432) (4,776) In-Kind Redemptions...................... (1) -- Change in Unrealized Appreciation (Depreciation) of: Investment Securities and Foreign Currency................................ (319,098) (83,455) Affiliated Investment Companies Shares Sold.................................... 17 (43) Translation of Foreign Currency Denominated Amounts..................... (82) (13) Forward Currency Contracts............... 4,183 2,226 ----------- ----------- Net Increase (Decrease) in Net Assets Resulting from Operations............................. (229,368) 84,351 ----------- ----------- Distributions From: Net Investment Income: Institutional Class Shares............... (96,751) (150,794) Net Short-Term Gains: Institutional Class Shares............... -- -- Net Long-Term Gains: Institutional Class Shares............... -- -- ----------- ----------- Total Distributions..................... (96,751) (150,794) ----------- ----------- Capital Share Transactions (1): Shares Issued............................. 1,882,683 3,121,375 Shares Issued in Lieu of Cash Distributions............................ 95,521 148,903 Shares Redeemed........................... (1,374,527) (1,212,334) ----------- ----------- Net Increase (Decrease) from Capital Share Transactions..................... 603,677 2,057,944 ----------- ----------- Total Increase (Decrease) in Net Assets................................. 277,558 1,991,501 NET ASSETS Beginning of Period....................... 8,185,290 6,193,789 ----------- ----------- End of Period............................. $ 8,462,848 $ 8,185,290 =========== =========== (1) SHARES ISSUED AND REDEEMED: Shares Issued............................. 175,950 288,163 Shares Issued in Lieu of Cash Distributions............................ 8,901 13,835 Shares Redeemed........................... (128,760) (112,043) ----------- ----------- Net Increase (Decrease) from Shares Issued and Redeemed.................... 56,091 189,955 =========== =========== UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF NET INVESTMENT INCOME)......................... $ 30,043 $ 25,208
---------- * Net of foreign capital gain taxes withheld of $0, $0, $0, $0, $0, $0 and $0, respectively. See accompanying Notes to Financial Statements. 202 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF CHANGES IN NET ASSETS (AMOUNTS IN THOUSANDS)
DFA DIVERSIFIED DFA INFLATION- FIXED INCOME DFA LTIP PROTECTED SECURITIES PORTFOLIO PORTFOLIO PORTFOLIO -------------------- -------------------- ---------------------- SIX MONTHS YEAR SIX MONTHS YEAR SIX MONTHS YEAR ENDED ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, APRIL 30, OCT. 31, APRIL 30, OCT. 31, 2018 2017 2018 2017 2018 2017 ----------- -------- ----------- -------- ----------- ---------- (UNAUDITED) (UNAUDITED) (UNAUDITED) INCREASE (DECREASE) IN NET ASSETS Operations: Net Investment Income (Loss)............... $ 6,321 $ 5,387 $ 2,735 $ 2,612 $ 70,600 $ 84,591 Capital Gain Distributions Received from Investment Securities..................... 302 215 -- -- -- -- Net Realized Gain (Loss) on: Investment Securities Sold*............... (21) (50) (152) (56) (4,690) (187) Affiliated Investment Companies Shares Sold..................................... -- -- -- -- -- -- Swap Contracts............................ -- -- -- -- -- -- Foreign Currency Transactions............. -- -- -- -- -- -- Forward Currency Contracts................ -- -- -- -- -- -- Change in Unrealized Appreciation (Depreciation) of: Investment Securities and Foreign Currency................................. (1,816) (351) (152) (2,773) (84,476) (85,390) Affiliated Investment Companies Shares Sold..................................... (13,476) (1,586) -- -- -- -- Swap Contracts............................ -- -- -- -- -- -- Translation of Foreign Currency Denominated Amounts...................... -- -- -- -- -- -- Forward Currency Contracts................ -- -- -- -- -- -- -------- -------- -------- -------- ---------- ---------- Net Increase (Decrease) in Net Assets Resulting from Operations............... (8,690) 3,615 2,431 (217) (18,566) (986) -------- -------- -------- -------- ---------- ---------- Distributions From: Net Investment Income: Institutional Class Shares................ (5,638) (5,141) (1,899) (2,365) (58,443) (77,872) Net Short-Term Gains: Institutional Class Shares................ -- -- -- (50) -- (141) Net Long-Term Gains: Institutional Class Shares................ (98) -- -- -- -- (8,865) -------- -------- -------- -------- ---------- ---------- Total Distributions...................... (5,736) (5,141) (1,899) (2,415) (58,443) (86,878) -------- -------- -------- -------- ---------- ---------- Capital Share Transactions (1): Shares Issued.............................. 253,100 477,812 60,991 73,479 898,008 1,690,026 Shares Issued in Lieu of Cash Distributions............................. 5,735 5,141 1,899 2,415 51,449 77,379 Shares Redeemed............................ (75,356) (63,972) (13,173) (11,938) (624,060) (834,307) -------- -------- -------- -------- ---------- ---------- Net Increase (Decrease) from Capital Share Transactions...................... 183,479 418,981 49,717 63,956 325,397 933,098 -------- -------- -------- -------- ---------- ---------- Total Increase (Decrease) in Net Assets.................................. 169,053 417,455 50,249 61,324 248,388 845,234 NET ASSETS Beginning of Period........................ 530,016 112,561 124,591 63,267 4,359,301 3,514,067 -------- -------- -------- -------- ---------- ---------- End of Period.............................. $699,069 $530,016 $174,840 $124,591 $4,607,689 $4,359,301 ======== ======== ======== ======== ========== ========== (1) SHARES ISSUED AND REDEEMED: Shares Issued.............................. 26,300 48,977 6,538 7,955 77,098 143,167 Shares Issued in Lieu of Cash Distributions............................. 594 529 198 265 4,394 6,630 Shares Redeemed............................ (7,840) (6,552) (1,425) (1,289) (53,634) (70,815) -------- -------- -------- -------- ---------- ---------- Net Increase (Decrease) from Shares Issued and Redeemed..................... 19,054 42,954 5,311 6,931 27,858 78,982 ======== ======== ======== ======== ========== ========== UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF NET INVESTMENT INCOME).......................... $ 936 $ 253 $ 1,194 $ 358 $ 23,568 $ 11,411
DFA SHORT-DURATION REAL RETURN PORTFOLIO ---------------------- SIX MONTHS YEAR ENDED ENDED APRIL 30, OCT. 31, 2018 2017 ----------- ---------- (UNAUDITED) INCREASE (DECREASE) IN NET ASSETS Operations: Net Investment Income (Loss)............... $ 10,151 $ 17,577 Capital Gain Distributions Received from Investment Securities..................... -- -- Net Realized Gain (Loss) on: Investment Securities Sold*............... (1,454) 765 Affiliated Investment Companies Shares Sold..................................... (8) 7 Swap Contracts............................ 284 (4,208) Foreign Currency Transactions............. 8 23 Forward Currency Contracts................ 1,421 (2,531) Change in Unrealized Appreciation (Depreciation) of: Investment Securities and Foreign Currency................................. (20,279) (5,924) Affiliated Investment Companies Shares Sold..................................... 1 (9) Swap Contracts............................ 10,577 6,736 Translation of Foreign Currency Denominated Amounts...................... (54) (8) Forward Currency Contracts................ 767 3,618 ---------- ---------- Net Increase (Decrease) in Net Assets Resulting from Operations............... 1,414 16,046 ---------- ---------- Distributions From: Net Investment Income: Institutional Class Shares................ (19,458) (13,087) Net Short-Term Gains: Institutional Class Shares................ -- -- Net Long-Term Gains: Institutional Class Shares................ -- -- ---------- ---------- Total Distributions...................... (19,458) (13,087) ---------- ---------- Capital Share Transactions (1): Shares Issued.............................. 273,702 391,386 Shares Issued in Lieu of Cash Distributions............................. 18,998 12,649 Shares Redeemed............................ (133,252) (191,532) ---------- ---------- Net Increase (Decrease) from Capital Share Transactions...................... 159,448 212,503 ---------- ---------- Total Increase (Decrease) in Net Assets.................................. 141,404 215,462 NET ASSETS Beginning of Period........................ 1,130,418 914,956 ---------- ---------- End of Period.............................. $1,271,822 $1,130,418 ========== ========== (1) SHARES ISSUED AND REDEEMED: Shares Issued.............................. 27,708 39,408 Shares Issued in Lieu of Cash Distributions............................. 1,933 1,293 Shares Redeemed............................ (13,499) (19,296) ---------- ---------- Net Increase (Decrease) from Shares Issued and Redeemed..................... 16,142 21,405 ========== ========== UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF NET INVESTMENT INCOME).......................... $ 3,174 $ 12,481
---------- * Net of foreign capital gain taxes withheld of $0, $0, $0, $0, $0, $0, $0 and $0, respectively. See accompanying Notes to Financial Statements. 203 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF CHANGES IN NET ASSETS (AMOUNTS IN THOUSANDS)(A)(A)
DFA CALIFORNIA MUNICIPAL DFA MUNICIPAL REAL REAL RETURN DFA MUNICIPAL RETURN PORTFOLIO PORTFOLIO BOND PORTFOLIO --------------------- ------------- -------------------- PERIOD NOV. 1, SIX MONTHS YEAR 2017(A) SIX MONTHS YEAR ENDED ENDED TO ENDED ENDED APRIL 30, OCT. 31, APRIL 30, APRIL 30, OCT. 31, 2018 2017 2018 2018 2017 ----------- --------- ----------- ----------- -------- (UNAUDITED) (UNAUDITED) (UNAUDITED) INCREASE (DECREASE) IN NET ASSETS Operations: Net Investment Income (Loss).......................... $ 5,790 $ 8,457 $ 385 $ 2,521 $ 3,406 Net Realized Gain (Loss) on: Investment Securities Sold*.......................... (24) (42) -- (1) (23) Swap Contracts....................................... 23 (1,007) -- -- -- Change in Unrealized Appreciation (Depreciation) of: Investment Securities................................ (22,234) 389 (1,604) (7,893) (242) Swap Contracts....................................... 11,472 2,646 864 -- -- --------- --------- ------- - -------- -------- Net Increase (Decrease) in Net Assets Resulting from Operations.................................... (4,973) 10,443 (355) (5,373) 3,141 --------- --------- ------- - -------- -------- Distributions From: Net Investment Income: Institutional Class Shares........................... (5,525) (8,396) (346) (2,388) (3,378) --------- --------- ------- - -------- -------- Total Distributions................................. (5,525) (8,396) (346) (2,388) (3,378) --------- --------- ------- - -------- -------- Capital Share Transactions (1): Shares Issued......................................... 205,772 363,496 90,007 152,388 224,318 Shares Issued in Lieu of Cash Distributions........... 5,523 8,370 346 2,384 3,376 Shares Redeemed....................................... (106,732) (131,077) (4,544) (81,681) (96,240) --------- --------- ------- - -------- -------- Net Increase (Decrease) from Capital Share Transactions....................................... 104,563 240,789 85,809 73,091 131,454 --------- --------- ------- - -------- -------- Total Increase (Decrease) in Net Assets............. 94,065 242,836 85,108 65,330 131,217 NET ASSETS Beginning of Period................................... 716,821 473,985 -- 351,938 220,721 --------- --------- ------- - -------- -------- End of Period......................................... $ 810,886 $ 716,821 $85,108 $417,268 $351,938 ========= ========= ======= = ======== ======== (1) SHARES ISSUED AND REDEEMED: Shares Issued......................................... 20,816 36,806 9,030 15,136 22,146 Shares Issued in Lieu of Cash Distributions........... 562 845 35 237 332 Shares Redeemed....................................... (10,814) (13,241) (458) (8,115) (9,512) --------- --------- ------- - -------- -------- Net Increase (Decrease) from Shares Issued and Redeemed........................................... 10,564 24,410 8,607 7,258 12,966 ========= ========= ======= = ======== ======== UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF NET INVESTMENT INCOME)....................... $ 423 $ 158 $ 39 $ 199 $ 66
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO ---------------------- SIX MONTHS YEAR ENDED ENDED APRIL 30, OCT. 31, 2018 2017 ----------- ---------- (UNAUDITED) INCREASE (DECREASE) IN NET ASSETS Operations: Net Investment Income (Loss).......................... $ 13,765 $ 22,235 Net Realized Gain (Loss) on: Investment Securities Sold*.......................... (218) (1) Swap Contracts....................................... -- -- Change in Unrealized Appreciation (Depreciation) of: Investment Securities................................ (21,567) (6,027) Swap Contracts....................................... -- -- ---------- ---------- Net Increase (Decrease) in Net Assets Resulting from Operations.................................... (8,020) 16,207 ---------- ---------- Distributions From: Net Investment Income: Institutional Class Shares........................... (13,158) (22,189) ---------- ---------- Total Distributions................................. (13,158) (22,189) ---------- ---------- Capital Share Transactions (1): Shares Issued......................................... 537,872 1,110,957 Shares Issued in Lieu of Cash Distributions........... 12,792 21,505 Shares Redeemed....................................... (484,609) (698,520) ---------- ---------- Net Increase (Decrease) from Capital Share Transactions....................................... 66,055 433,942 ---------- ---------- Total Increase (Decrease) in Net Assets............. 44,877 427,960 NET ASSETS Beginning of Period................................... 2,531,941 2,103,981 ---------- ---------- End of Period......................................... $2,576,818 $2,531,941 ========== ========== (1) SHARES ISSUED AND REDEEMED: Shares Issued......................................... 53,063 109,168 Shares Issued in Lieu of Cash Distributions........... 1,263 2,111 Shares Redeemed....................................... (47,819) (68,675) ---------- ---------- Net Increase (Decrease) from Shares Issued and Redeemed........................................... 6,507 42,604 ========== ========== UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF NET INVESTMENT INCOME)....................... $ 942 $ 335
---------- * Net of foreign capital gain taxes withheld of $0, $0, $0, $0, $0, $0 and $0, respectively. See accompanying Notes to Financial Statements. 204 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF CHANGES IN NET ASSETS (AMOUNTS IN THOUSANDS)
DFA CALIFORNIA INTERMEDIATE-TERM DFA INTERMEDIATE-TERM DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND MUNICIPAL BOND PORTFOLIO MUNICIPAL BOND PORTFOLIO PORTFOLIO ---------------------- ------------------------ -------------------- SIX MONTHS YEAR SIX MONTHS YEAR SIX MONTHS YEAR ENDED ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, APRIL 30, OCT. 31, APRIL 30, OCT. 31, 2018 2017 2018 2017 2018 2017 ----------- ---------- ----------- ---------- ----------- -------- (UNAUDITED) (UNAUDITED) (UNAUDITED) INCREASE (DECREASE) IN NET ASSETS Operations: Net Investment Income (Loss)................ $ 12,845 $ 20,229 $ 5,136 $ 8,473 $ 2,649 $ 4,138 Net Realized Gain (Loss) on: Investment Securities Sold*............... (10) (8) (83) (10) (11) 3 Change in Unrealized Appreciation (Depreciation) of: Investment Securities..................... (39,996) (3,913) (9,058) (1,455) (8,168) (459) ---------- ---------- ---------- ---------- -------- -------- Net Increase (Decrease) in Net Assets Resulting from Operations.............................. (27,161) 16,308 (4,005) 7,008 (5,530) 3,682 ---------- ---------- ---------- ---------- -------- -------- Distributions From: Net Investment Income: Institutional Class Shares................ (12,284) (20,181) (4,864) (8,471) (2,522) (4,115) ---------- ---------- ---------- ---------- -------- -------- Total Distributions...................... (12,284) (20,181) (4,864) (8,471) (2,522) (4,115) ---------- ---------- ---------- ---------- -------- -------- Capital Share Transactions (1): Shares Issued............................... 380,215 784,057 299,940 384,206 118,769 178,513 Shares Issued in Lieu of Cash Distributions.............................. 11,777 19,346 4,833 8,432 2,490 4,051 Shares Redeemed............................. (265,847) (396,529) (234,633) (239,845) (58,318) (90,722) ---------- ---------- ---------- ---------- -------- -------- Net Increase (Decrease) from Capital Share Transactions...................... 126,145 406,874 70,140 152,793 62,941 91,842 ---------- ---------- ---------- ---------- -------- -------- Total Increase (Decrease) in Net Assets.................................. 86,700 403,001 61,271 151,330 54,889 91,409 NET ASSETS Beginning of Period......................... 1,667,648 1,264,647 1,031,539 880,209 347,302 255,893 ---------- ---------- ---------- ---------- -------- -------- End of Period............................... $1,754,348 $1,667,648 $1,092,810 $1,031,539 $402,191 $347,302 ========== ========== ========== ========== ======== ======== (1) SHARES ISSUED AND REDEEMED: Shares Issued............................... 37,769 77,473 29,236 37,348 11,376 17,004 Shares Issued in Lieu of Cash Distributions.............................. 1,174 1,902 472 819 239 384 Shares Redeemed............................. (26,426) (39,157) (22,869) (23,320) (5,590) (8,657) ---------- ---------- ---------- ---------- -------- -------- Net Increase (Decrease) from Shares Issued and Redeemed.............. 12,517 40,218 6,839 14,847 6,025 8,731 ========== ========== ========== ========== ======== ======== UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF NET INVESTMENT INCOME)........................... $ 941 $ 380 $ 384 $ 112 $ 205 $ 78
---------- * Net of foreign capital gain taxes withheld of $0, $0, $0, $0, $0 and $0, respectively. See accompanying Notes to Financial Statements. 205 DFA INVESTMENT DIMENSIONS GROUP INC. STATEMENTS OF CHANGES IN NET ASSETS (AMOUNTS IN THOUSANDS)
DFA NY MUNICIPAL DFA MN MUNICIPAL BOND PORTFOLIO BOND PORTFOLIO -------------------- ------------------- PERIOD JULY 25, SIX MONTHS YEAR SIX MONTHS 2017(A) ENDED ENDED ENDED TO APRIL 30, OCT. 31, APRIL 30, OCT. 31, 2018 2017 2018 2017 ----------- -------- ----------- -------- (UNAUDITED) (UNAUDITED) INCREASE (DECREASE) IN NET ASSETS Operations: Net Investment Income (Loss)...................................... $ 539 $ 800 $ 345 $ 136 Net Realized Gain (Loss) on: Investment Securities Sold*..................................... (9) (2) (18) -- Change in Unrealized Appreciation (Depreciation) of: Investment Securities........................................... (1,306) 98 (1,362) (299) -------- -------- -------- ------- Net Increase (Decrease) in Net Assets Resulting from Operations.................................................... (776) 896 (1,035) (163) -------- -------- -------- ------- Distributions From: Net Investment Income: Institutional Class Shares...................................... (513) (796) (325) (131) -------- -------- -------- ------- Total Distributions............................................ (513) (796) (325) (131) -------- -------- -------- ------- Capital Share Transactions (1): Shares Issued..................................................... 20,008 47,751 43,297 63,224 Shares Issued in Lieu of Cash Distributions....................... 513 796 325 131 Shares Redeemed................................................... (15,732) (15,024) (36,752) (1,802) -------- -------- -------- ------- Net Increase (Decrease) from Capital Share Transactions........ 4,789 33,523 6,870 61,553 -------- -------- -------- ------- Total Increase (Decrease) in Net Assets........................ 3,500 33,623 5,510 61,259 NET ASSETS Beginning of Period............................................... 91,204 57,581 61,259 -- -------- -------- -------- ------- End of Period..................................................... $ 94,704 $ 91,204 $ 66,769 $61,259 ======== ======== ======== ======= (1) SHARES ISSUED AND REDEEMED: Shares Issued..................................................... 1,969 4,685 4,408 6,322 Shares Issued in Lieu of Cash Distributions....................... 51 78 33 13 Shares Redeemed................................................... (1,548) (1,476) (3,743) (180) -------- -------- -------- ------- Net Increase (Decrease) from Shares Issued and Redeemed........ 472 3,287 698 6,155 ======== ======== ======== ======= UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF NET INVESTMENT INCOME)................................................. $ 40 $ 14 $ 25 $ 5
---------- * Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively. See accompanying Notes to Financial Statements. 206 DFA INVESTMENT DIMENSIONS GROUP INC. FINANCIAL HIGHLIGHTS (FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA ONE-YEAR FIXED INCOME PORTFOLIO ------------------------------------------------------------------------- --------------- SIX MONTHS YEAR YEAR YEAR YEAR YEAR SIX MONTHS ENDED ENDED ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, APRIL 30, 2018 2017 2016 2015 2014 2013 2018 -------------------------------------------------------------------------------------------------------------------------------- (UNAUDITED) (UNAUDITED) Net Asset Value, Beginning of Period............................. $ 10.29 $ 10.31 $ 10.32 $ 10.32 $ 10.33 $ 10.35 $ 9.99 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)....................... 0.08 0.11 0.07 0.04 0.03 0.04 0.08 Net Gains (Losses) on Securities (Realized and Unrealized)........ (0.06) (0.02) -- 0.01 -- -- (0.09) ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total from Investment Operations...................... 0.02 0.09 0.07 0.05 0.03 0.04 (0.01) -------------------------------------------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income............. (0.07) (0.11) (0.07) (0.04) (0.03) (0.04) (0.09) Net Realized Gains................ -- -- (0.01) (0.01) (0.01) (0.02) -- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total Distributions.............. (0.07) (0.11) (0.08) (0.05) (0.04) (0.06) (0.09) -------------------------------------------------------------------------------------------------------------------------------- Net Asset Value, End of Period...... $ 10.24 $ 10.29 $ 10.31 $ 10.32 $ 10.32 $ 10.33 $ 9.89 =================================== =========== ========== ========== ========== ========== ========== =========== Total Return........................ 0.20%(D) 0.86% 0.70% 0.44% 0.28% 0.43% (0.08)%(D) -------------------------------------------------------------------------------------------------------------------------------- Net Assets, End of Period (thousands)........................ $8,029,831 $7,458,011 $6,985,789 $7,306,008 $8,455,559 $8,089,711 $5,409,270 Ratio of Expenses to Average Net Assets............................. 0.17%(E) 0.17% 0.17% 0.17% 0.17% 0.17% 0.17%(E) Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)........................ 0.17%(E) 0.17% 0.17% 0.17% 0.17% 0.17% 0.17%(E) Ratio of Net Investment Income to Average Net Assets................. 1.52%(E) 1.08% 0.69% 0.38% 0.30% 0.38% 1.56%(E) Portfolio Turnover Rate............. 39%(D) 86% 64% 81% 72% 62% 42%(D) --------------------------------------------------------------------------------------------------------------------------------
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO ----------------------------------------------------------- YEAR YEAR YEAR YEAR YEAR ENDED ENDED ENDED ENDED ENDED OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, 2017 2016 2015 2014 2013 ------------------------------------------------------------------------------------------------ Net Asset Value, Beginning of Period............................. $ 9.99 $ 9.96 $ 10.02 $ 10.06 $ 10.13 ---------- ---------- ---------- ---------- ---------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)....................... 0.12 0.08 0.05 0.05 0.05 Net Gains (Losses) on Securities (Realized and Unrealized)........ (0.03) -- -- -- -- ---------- ---------- ---------- ---------- ---------- Total from Investment Operations...................... 0.09 0.08 0.05 0.05 0.05 ------------------------------------------------------------------------------------------------ Less Distributions ------------------ Net Investment Income............. (0.09) (0.05) (0.10) (0.08) (0.10) Net Realized Gains................ -- -- (0.01) (0.01) (0.02) ---------- ---------- ---------- ---------- ---------- Total Distributions.............. (0.09) (0.05) (0.11) (0.09) (0.12) ------------------------------------------------------------------------------------------------ Net Asset Value, End of Period...... $ 9.99 $ 9.99 $ 9.96 $ 10.02 $ 10.06 =================================== ========== ========== ========== ========== ========== Total Return........................ 0.95% 0.81% 0.56% 0.51% 0.51% ------------------------------------------------------------------------------------------------ Net Assets, End of Period (thousands)........................ $5,201,650 $4,724,757 $5,360,173 $6,188,952 $5,552,198 Ratio of Expenses to Average Net Assets............................. 0.17% 0.17% 0.18% 0.17% 0.18% Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly)........................ 0.17% 0.17% 0.18% 0.17% 0.18% Ratio of Net Investment Income to Average Net Assets................. 1.21% 0.79% 0.54% 0.51% 0.54% Portfolio Turnover Rate............. 121% 87% 125% 99% 123% ------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes. See accompanying Notes to Financial Statements. 207 DFA INVESTMENT DIMENSIONS GROUP INC. FINANCIAL HIGHLIGHTS (FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO --------------------------------------------------------------------- ---------------- SIX MONTHS YEAR YEAR YEAR YEAR YEAR SIX MONTHS ENDED ENDED ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, APRIL 30, 2018 2017 2016 2015 2014 2013 2018 ------------------------------------------------------------------------------------------------------------------------ (UNAUDITED) (UNAUDITED) Net Asset Value, Beginning of Period........................ $ 9.66 $ 9.72 $ 9.41 $ 10.00 $ 10.21 $ 10.41 $ 11.03 ---------- ---------- -------- -------- ---------- -------- ----------- Income from Investment Operations ---------------------- Net Investment Income (Loss) (A).................. 0.07 0.17 0.17 0.15 0.15 0.17 0.07 Net Gains (Losses) on Securities (Realized and Unrealized)................. (0.06) (0.08) 0.24 (0.59) (0.22) (0.11) (0.15) ---------- ---------- -------- -------- ---------- -------- ----------- Total from Investment Operations................. 0.01 0.09 0.41 (0.44) (0.07) 0.06 (0.08) ------------------------------------------------------------------------------------------------------------------------ Less Distributions ------------------ Net Investment Income........ (0.17) (0.15) (0.10) (0.15) (0.12) (0.25) (0.12) Net Realized Gains........... -- -- -- -- (0.02) (0.01) (0.01) ---------- ---------- -------- -------- ---------- -------- ----------- Total Distributions......... (0.17) (0.15) (0.10) (0.15) (0.14) (0.26) (0.13) ------------------------------------------------------------------------------------------------------------------------ Net Asset Value, End of Period........................ $ 9.50 $ 9.66 $ 9.72 $ 9.41 $ 10.00 $ 10.21 $ 10.82 =============================== =========== ========== ======== ======== ========== ======== =========== Total Return................... 0.06%(D) 1.00% 4.44% (4.42)% (0.72)% 0.52% (0.78)%(D) ------------------------------------------------------------------------------------------------------------------------ Net Assets, End of Period (thousands)................... $1,181,458 $1,137,725 $988,751 $995,914 $1,099,647 $985,287 $14,729,840 Ratio of Expenses to Average Net Assets.................... 0.17%(E) 0.17% 0.17% 0.17% 0.17% 0.18% 0.27%(E) Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly).............. 0.17%(E) 0.17% 0.17% 0.17% 0.17% 0.18% 0.27%(E) Ratio of Net Investment Income to Average Net Assets......... 1.52%(E) 1.77% 1.75% 1.55% 1.46% 1.62% 1.22%(E) Portfolio Turnover Rate........ 25%(D) 52% 54% 56% 48% 99% 30%(D) ------------------------------------------------------------------------------------------------------------------------
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO -------------------------------------------------------------- YEAR YEAR YEAR YEAR YEAR ENDED ENDED ENDED ENDED ENDED OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, 2017 2016 2015 2014 2013 ---------------------------------------------------------------------------------------------- Net Asset Value, Beginning of Period........................ $ 11.16 $ 11.08 $ 11.06 $ 11.14 $ 11.28 ----------- ----------- ----------- ---------- ---------- Income from Investment Operations ---------------------- Net Investment Income (Loss) (A).................. 0.18 0.18 0.17 0.15 0.12 Net Gains (Losses) on Securities (Realized and Unrealized)................. (0.08) 0.10 0.07 0.05 (0.05) ----------- ----------- ----------- ---------- ---------- Total from Investment Operations................. 0.10 0.28 0.24 0.20 0.07 ---------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income........ (0.19) (0.17) (0.20) (0.13) (0.10) Net Realized Gains........... (0.04) (0.03) (0.02) (0.15) (0.11) ----------- ----------- ----------- ---------- ---------- Total Distributions......... (0.23) (0.20) (0.22) (0.28) (0.21) ---------------------------------------------------------------------------------------------- Net Asset Value, End of Period........................ $ 11.03 $ 11.16 $ 11.08 $ 11.06 $ 11.14 =============================== =========== =========== =========== ========== ========== Total Return................... 0.95% 2.63% 2.22% 1.90% 0.63% ---------------------------------------------------------------------------------------------- Net Assets, End of Period (thousands)................... $14,085,116 $12,597,375 $11,237,965 $9,818,116 $7,851,561 Ratio of Expenses to Average Net Assets.................... 0.27% 0.27% 0.27% 0.27% 0.28% Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly).............. 0.27% 0.27% 0.27% 0.27% 0.28% Ratio of Net Investment Income to Average Net Assets......... 1.66% 1.60% 1.55% 1.34% 1.05% Portfolio Turnover Rate........ 69% 41% 51% 62% 72% ----------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes. See accompanying Notes to Financial Statements. 208 DFA INVESTMENT DIMENSIONS GROUP INC. FINANCIAL HIGHLIGHTS (FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO --------------------------------------------------------------- --------------- SIX MONTHS YEAR YEAR YEAR YEAR YEAR SIX MONTHS ENDED ENDED ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, APRIL 30, 2018 2017 2016 2015 2014 2013 2018 -------------------------------------------------------------------------------------------------------------------------- (UNAUDITED) (UNAUDITED) Net Asset Value, Beginning of Period.... $ 10.22 $ 10.37 $ 10.48 $ 10.81 $ 10.31 $ 10.56 $ 10.59 ---------- -------- -------- -------- -------- -------- ---------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)...... 0.05 0.10 0.11 0.14 0.19 0.16 0.07 Net Gains (Losses) on Securities (Realized and Unrealized)............ -- 0.02 0.50 0.27 0.60 (0.14) (0.20) ---------- -------- -------- -------- -------- -------- ---------- Total from Investment Operations..... 0.05 0.12 0.61 0.41 0.79 0.02 (0.13) -------------------------------------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income................. (0.02) (0.25) (0.71) (0.69) (0.29) (0.17) (0.06) Net Realized Gains.................... -- (0.02) (0.01) (0.05) -- (0.10) -- ---------- -------- -------- -------- -------- -------- ---------- Total Distributions.................. (0.02) (0.27) (0.72) (0.74) (0.29) (0.27) (0.06) -------------------------------------------------------------------------------------------------------------------------- Net Asset Value, End of Period.......... $ 10.25 $ 10.22 $ 10.37 $ 10.48 $ 10.81 $ 10.31 $ 10.40 ======================================== =========== ======== ======== ======== ======== ======== =========== Total Return............................ 0.46%(D) 1.31% 6.26% 3.93% 7.93% 0.23% (1.19)%(D) -------------------------------------------------------------------------------------------------------------------------- Net Assets, End of Period (thousands)... $1,040,663 $933,640 $772,664 $567,118 $355,241 $240,733 $2,282,758 Ratio of Expenses to Average Net Assets................................. 0.20%(E) 0.20% 0.20% 0.20% 0.20% 0.20% 0.19%(E) Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))............ 0.20%(E) 0.21% 0.22% 0.22% 0.22% 0.23% 0.19%(E) Ratio of Net Investment Income to Average Net Assets..................... 0.99%(E) 1.04% 1.09% 1.37% 1.81% 1.53% 1.39%(E) Portfolio Turnover Rate................. 21%(D) 51% 48% 27% 41% 44% 16%(D) --------------------------------------------------------------------------------------------------------------------------
DFA SHORT-TERM GOVERNMENT PORTFOLIO ------------------------------------------------------------ YEAR YEAR YEAR YEAR YEAR ENDED ENDED ENDED ENDED ENDED OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, 2017 2016 2015 2014 2013 ------------------------------------------------------------------------------------------------------ Net Asset Value, Beginning of Period.... $ 10.75 $ 10.75 $ 10.69 $ 10.70 $ 10.88 ---------- ---------- ---------- ---------- ---------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)...... 0.12 0.11 0.10 0.08 0.08 Net Gains (Losses) on Securities (Realized and Unrealized)............ (0.13) 0.04 0.07 -- (0.08) ---------- ---------- ---------- ---------- ---------- Total from Investment Operations..... (0.01) 0.15 0.17 0.08 -- ------------------------------------------------------------------------------------------------------ Less Distributions ------------------ Net Investment Income................. (0.12) (0.11) (0.09) (0.07) (0.09) Net Realized Gains.................... (0.03) (0.04) (0.02) (0.02) (0.09) ---------- ---------- ---------- ---------- ---------- Total Distributions.................. (0.15) (0.15) (0.11) (0.09) (0.18) ------------------------------------------------------------------------------------------------------ Net Asset Value, End of Period.......... $ 10.59 $ 10.75 $ 10.75 $ 10.69 $ 10.70 ======================================== ========== ========== ========== ========== ========== Total Return............................ (0.10)% 1.40% 1.65% 0.83% (0.03)% ------------------------------------------------------------------------------------------------------ Net Assets, End of Period (thousands)... $2,221,841 $2,094,510 $2,144,989 $2,061,710 $1,780,576 Ratio of Expenses to Average Net Assets................................. 0.19% 0.19% 0.19% 0.19% 0.19% Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))............ 0.19% 0.19% 0.19% 0.19% 0.19% Ratio of Net Investment Income to Average Net Assets..................... 1.17% 1.02% 0.90% 0.75% 0.78% Portfolio Turnover Rate................. 34% 51% 82% 40% 37% ------------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes. See accompanying Notes to Financial Statements. 209 DFA INVESTMENT DIMENSIONS GROUP INC. FINANCIAL HIGHLIGHTS (FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO --------------------------------------------------------------------------- --------------- SIX MONTHS YEAR YEAR YEAR YEAR YEAR SIX MONTHS ENDED ENDED ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, APRIL 30, 2018 2017 2016 2015 2014 2013 2018 ------------------------------------------------------------------------------------------------------------------------------ (UNAUDITED) (UNAUDITED) Net Asset Value, Beginning of Period........................ $ 12.45 $ 12.86 $ 12.67 $ 12.60 $ 12.52 $ 13.13 $ 10.85 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Income from Investment Operations ---------------------- Net Investment Income (Loss) (A).................. 0.13 0.26 0.26 0.27 0.29 0.31 0.09 Net Gains (Losses) on Securities (Realized and Unrealized)................. (0.47) (0.39) 0.24 0.13 0.08 (0.58) (0.17) ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total from Investment Operations................. (0.34) (0.13) 0.50 0.40 0.37 (0.27) (0.08) ------------------------------------------------------------------------------------------------------------------------------ Less Distributions ------------------ Net Investment Income........ (0.12) (0.25) (0.25) (0.27) (0.29) (0.32) (0.07) Net Realized Gains........... (0.01) (0.03) (0.06) (0.06) -- (0.02) (0.01) ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total Distributions......... (0.13) (0.28) (0.31) (0.33) (0.29) (0.34) (0.08) ------------------------------------------------------------------------------------------------------------------------------ Net Asset Value, End of Period........................ $ 11.98 $ 12.45 $ 12.86 $ 12.67 $ 12.60 $ 12.52 $ 10.69 =============================== =========== ========== ========== ========== ========== ========== =========== Total Return................... (2.71)%(D) (0.93)% 3.95% 3.25% 3.00% (2.09)% (0.72)%(D) ------------------------------------------------------------------------------------------------------------------------------ Net Assets, End of Period (thousands)................... $4,830,735 $4,629,841 $3,811,636 $3,378,949 $4,021,616 $3,665,838 $5,902,942 Ratio of Expenses to Average Net Assets.................... 0.12%(E) 0.12% 0.12% 0.12% 0.12% 0.12% 0.22%(E) Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)......... 0.12%(E) 0.12% 0.12% 0.12% 0.12% 0.12% 0.22%(E) Ratio of Net Investment Income to Average Net Assets......... 2.17%(E) 2.06% 2.01% 2.17% 2.30% 2.45% 1.74%(E) Portfolio Turnover Rate........ 5%(D) 12% 17% 19% 29% 6% 10%(D) ------------------------------------------------------------------------------------------------------------------------------
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO ----------------------------------------------------------- YEAR YEAR YEAR YEAR YEAR ENDED ENDED ENDED ENDED ENDED OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, 2017 2016 2015 2014 2013 ------------------------------------------------------------------------------------------- Net Asset Value, Beginning of Period........................ $ 10.90 $ 10.82 $ 10.86 $ 10.86 $ 10.98 ---------- ---------- ---------- ---------- ---------- Income from Investment Operations ---------------------- Net Investment Income (Loss) (A).................. 0.20 0.19 0.17 0.16 0.17 Net Gains (Losses) on Securities (Realized and Unrealized)................. (0.07) 0.10 (0.01) -- (0.09) ---------- ---------- ---------- ---------- ---------- Total from Investment Operations................. 0.13 0.29 0.16 0.16 0.08 ------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income........ (0.18) (0.19) (0.19) (0.14) (0.18) Net Realized Gains........... -- (0.02) (0.01) (0.02) (0.02) ---------- ---------- ---------- ---------- ---------- Total Distributions......... (0.18) (0.21) (0.20) (0.16) (0.20) ------------------------------------------------------------------------------------------- Net Asset Value, End of Period........................ $ 10.85 $ 10.90 $ 10.82 $ 10.86 $ 10.86 =============================== ========== ========== ========== ========== ========== Total Return................... 1.19% 2.70% 1.48% 1.44% 0.79% ------------------------------------------------------------------------------------------- Net Assets, End of Period (thousands)................... $5,559,764 $4,723,470 $3,896,233 $3,822,894 $2,632,084 Ratio of Expenses to Average Net Assets.................... 0.22% 0.22% 0.22% 0.22% 0.22% Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)......... 0.22% 0.22% 0.22% 0.22% 0.23% Ratio of Net Investment Income to Average Net Assets......... 1.85% 1.77% 1.58% 1.45% 1.57% Portfolio Turnover Rate........ 23% 25% 28% 23% 19% -------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes. See accompanying Notes to Financial Statements. 210 DFA INVESTMENT DIMENSIONS GROUP INC. FINANCIAL HIGHLIGHTS (FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO --------------------------------------------------------------- SIX MONTHS YEAR YEAR YEAR YEAR ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, 2018 2017 2016 2015 2014 ------------------------------------------------------------------------------------------------------------------------- (UNAUDITED) Net Asset Value, Beginning of Period.................... $ 10.85 $ 10.97 $ 10.67 $ 10.80 $ 10.50 ---------- ---------- ---------- ---------- ---------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)...................... 0.16 0.33 0.32 0.33 0.33 Net Gains (Losses) on Securities (Realized and Unrealized).......................................... (0.54) (0.11) 0.37 (0.04) 0.28 ---------- ---------- ---------- ---------- ---------- Total from Investment Operations..................... (0.38) 0.22 0.69 0.29 0.61 ------------------------------------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income................................. (0.15) (0.32) (0.34) (0.37) (0.31) Net Realized Gains.................................... (0.03) (0.02) (0.05) (0.05) -- ---------- ---------- ---------- ---------- ---------- Total Distributions.................................. (0.18) (0.34) (0.39) (0.42) (0.31) ------------------------------------------------------------------------------------------------------------------------- Net Asset Value, End of Period.......................... $ 10.29 $ 10.85 $ 10.97 $ 10.67 $ 10.80 ======================================================== =========== ========== ========== ========== ========== Total Return............................................ (3.47)%(D) 2.05% 6.61% 2.66% 5.91% ------------------------------------------------------------------------------------------------------------------------- Net Assets, End of Year (thousands)..................... $1,846,220 $1,804,891 $1,414,041 $1,068,817 $2,133,894 Ratio of Expenses to Average Net Assets................. 0.22%(E) 0.22% 0.22% 0.22% 0.22% Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)...................... 0.22%(E) 0.22% 0.22% 0.22% 0.22% Ratio of Net Investment Income to Average Net Assets.... 3.12%(E) 3.03% 2.99% 3.05% 3.06% Portfolio Turnover Rate................................. 13%(D) 18% 28% 30% 23% -------------------------------------------------------------------------------------------------------------------------
DFA TARGETED CREDIT PORTFOLIO ----------- -------------------------------------------- PERIOD YEAR SIX MONTHS YEAR YEAR MAY 20, ENDED ENDED ENDED ENDED 2015(A) TO OCT. 31, APRIL 30, OCT. 31, OCT. 31, OCT. 31, 2013 2018 2017 2016 2015 ------------------------------------------------------------------------------------------------------------------------- (UNAUDITED) Net Asset Value, Beginning of Period.................... $ 11.10 $ 10.06 $ 10.08 $ 9.96 $ 10.00 ---------- -------- -------- -------- -------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)...................... 0.31 0.11 0.22 0.21 0.08 Net Gains (Losses) on Securities (Realized and Unrealized).......................................... (0.59) (0.23) (0.03) 0.12 (0.06) ---------- -------- -------- -------- -------- Total from Investment Operations..................... (0.28) (0.12) 0.19 0.33 0.02 ------------------------------------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income................................. (0.31) (0.07) (0.21) (0.21) (0.06) Net Realized Gains.................................... (0.01) (0.02) -- -- -- ---------- -------- -------- -------- -------- Total Distributions.................................. (0.32) (0.09) (0.21) (0.21) (0.06) ------------------------------------------------------------------------------------------------------------------------- Net Asset Value, End of Period.......................... $ 10.50 $ 9.85 $ 10.06 $ 10.08 $ 9.96 ======================================================== ========== =========== ======== ======== ========== Total Return............................................ (2.62)% (1.23)%(D) 1.94% 3.39% 0.18%(D) ------------------------------------------------------------------------------------------------------------------------- Net Assets, End of Year (thousands)..................... $1,391,394 $590,289 $514,588 $356,579 $220,608 Ratio of Expenses to Average Net Assets................. 0.22% 0.20%(E) 0.20% 0.20% 0.20%(C)(E) Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)...................... 0.23% 0.22%(E) 0.23% 0.24% 0.28%(C)(E) Ratio of Net Investment Income to Average Net Assets.... 2.88% 2.19%(E) 2.25% 2.06% 1.81%(C)(E) Portfolio Turnover Rate................................. 10% 14%(D) 41% 21% 2%(D) -------------------------------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes. See accompanying Notes to Financial Statements. 211 DFA INVESTMENT DIMENSIONS GROUP INC. FINANCIAL HIGHLIGHTS (FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO ---------------- --------------- PERIOD JAN. 11, SIX MONTHS 2018(A) TO ENDED APRIL 30, APRIL 30, 2018 2018 ------------------------------------------------------------------------------------------------- (UNAUDITED) (UNAUDITED) Net Asset Value, Beginning of Period........................ $ 10.00 $ 10.90 -------- ---------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)........................... 0.04 0.13 Net Gains (Losses) on Securities (Realized and Unrealized). (0.16) (0.42) -------- ---------- Total from Investment Operations......................... (0.12) (0.29) ------------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income...................................... (0.02) (0.12) Net Realized Gains......................................... -- -- -------- ---------- Total Distributions...................................... (0.02) (0.12) ------------------------------------------------------------------------------------------------- Net Asset Value, End of Period.............................. $ 9.86 $ 10.49 =========================================================== ================ =========== Total Return................................................ (1.25)%(D) (2.65)%(D) ------------------------------------------------------------------------------------------------- Net Assets, End of Year (thousands)......................... $421,054 $8,462,848 Ratio of Expenses to Average Net Assets..................... 0.27%(C)(E) 0.22%(E) Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)................................. 0.27%(C)(E) 0.22%(E) Ratio of Net Investment Income to Average Net Assets........ 1.38%(C)(E) 2.44%(E) Portfolio Turnover Rate..................................... 91% (D) 7%(D) -------------------------------------------------------------------------------------------------
DFA INVESTMENT GRADE PORTFOLIO -------------------------------------------------------------- YEAR YEAR YEAR YEAR YEAR ENDED ENDED ENDED ENDED ENDED OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, 2017 2016 2015 2014 2013 ------------------------------------------------------------------------------------------------------------------------------ Net Asset Value, Beginning of Period........................ $ 11.04 $ 10.80 $ 10.76 $ 10.57 $ 10.99 ---------- ---------- ---------- ---------- ---------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)........................... 0.25 0.24 0.27 0.26 0.25 Net Gains (Losses) on Securities (Realized and Unrealized). (0.16) 0.25 0.02 0.18 (0.42) ---------- ---------- ---------- ---------- ---------- Total from Investment Operations......................... 0.09 0.49 0.29 0.44 (0.17) ------------------------------------------------------------------------------------------------------------------------------ Less Distributions ------------------ Net Investment Income...................................... (0.23) (0.22) (0.25) (0.25) (0.24) Net Realized Gains......................................... -- (0.03) -- -- (0.01) ---------- ---------- ---------- ---------- ---------- Total Distributions...................................... (0.23) (0.25) (0.25) (0.25) (0.25) ------------------------------------------------------------------------------------------------------------------------------ Net Asset Value, End of Period.............................. $ 10.90 $ 11.04 $ 10.80 $ 10.76 $ 10.57 =========================================================== ========== ========== ========== ========== ========== Total Return................................................ 0.86% 4.62% 2.77% 4.29% (1.58)% ------------------------------------------------------------------------------------------------------------------------------ Net Assets, End of Year (thousands)......................... $8,185,290 $6,193,789 $4,153,194 $2,433,057 $1,442,269 Ratio of Expenses to Average Net Assets..................... 0.22% 0.22% 0.22% 0.22%(B) 0.22%(B) Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)................................. 0.22% 0.22% 0.38% 0.40%(B) 0.41%(B) Ratio of Net Investment Income to Average Net Assets........ 2.32% 2.20% 2.49% 2.40%(B) 2.30%(B) Portfolio Turnover Rate..................................... 18% 7% 52% N/A N/A ------------------------------------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes. See accompanying Notes to Financial Statements. 212 DFA INVESTMENT DIMENSIONS GROUP INC. FINANCIAL HIGHLIGHTS (FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA DIVERSIFIED FIXED INCOME PORTFOLIO ----------------------------------- PERIOD SIX MONTHS YEAR AUG. 10, ENDED ENDED 2016(A) TO APRIL 30, OCT. 31, OCT. 31, 2018 2017 2016 --------------------------------------------------------------------------------------------------------------------------- (UNAUDITED) Net Asset Value, Beginning of Period........................................ $ 9.76 $ 9.92 $ 10.00 -------- -------- -------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A).......................................... 0.10 0.15 0.02 Net Gains (Losses) on Securities (Realized and Unrealized)................ (0.24) (0.16) (0.08) -------- -------- -------- Total from Investment Operations......................................... (0.14) (0.01) (0.06) --------------------------------------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income..................................................... (0.09) (0.15) (0.02) Net Realized Gains........................................................ -- -- -- -------- -------- -------- Total Distributions...................................................... (0.09) (0.15) (0.02) --------------------------------------------------------------------------------------------------------------------------- Net Asset Value, End of Period.............................................. $ 9.53 $ 9.76 $ 9.92 ============================================================================ =========== ======== ========== Total Return................................................................ (1.40)%(D) (0.05)% (0.64)%(D) --------------------------------------------------------------------------------------------------------------------------- Net Assets, End of Year (thousands)......................................... $699,069 $530,016 $112,561 Ratio of Expenses to Average Net Assets..................................... 0.15%(E) 0.15% 0.15%(B)(C)(E) Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)........... 0.25%(E) 0.29% 0.45%(B)(C)(E) Ratio of Net Investment Income to Average Net Assets........................ 2.06%(E) 1.56% 0.91%(C)(E) Portfolio Turnover Rate..................................................... 2%(D) 5% N/A ---------------------------------------------------------------------------------------------------------------------------
DFA LTIP PORTFOLIO ---------------------------------------------------- SIX MONTHS YEAR YEAR YEAR YEAR ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, 2018 2017 2016 2015 2014 ---------------------------------------------------------------------------------------------------------------------------------- (UNAUDITED) Net Asset Value, Beginning of Period........................................ $ 9.31 $ 9.81 $ 8.67 $ 9.50 $ 8.80 -------- -------- ------- ------ ------ Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A).......................................... 0.17 0.25 0.26 0.05 0.20 Net Gains (Losses) on Securities (Realized and Unrealized)................ -- (0.50) 1.03 (0.81) 0.86 -------- -------- ------- ------ ------ Total from Investment Operations......................................... 0.17 (0.25) 1.29 (0.76) 1.06 ---------------------------------------------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income..................................................... (0.13) (0.24) (0.15) (0.07) (0.36) Net Realized Gains........................................................ -- (0.01) -- -- -- -------- -------- ------- ------ ------ Total Distributions...................................................... (0.13) (0.25) (0.15) (0.07) (0.36) ---------------------------------------------------------------------------------------------------------------------------------- Net Asset Value, End of Period.............................................. $ 9.35 $ 9.31 $ 9.81 $ 8.67 $ 9.50 ============================================================================ =========== ======== ======== ======== ======== Total Return................................................................ 1.83%(D) (2.52)% 14.90% (8.04)% 12.22% ---------------------------------------------------------------------------------------------------------------------------------- Net Assets, End of Year (thousands)......................................... $174,840 $124,591 $63,267 $ 208 $ 995 Ratio of Expenses to Average Net Assets..................................... 0.15%(E) 0.15% 0.15% 0.28% 0.40% Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)........... 0.13%(E) 0.14% 0.21% 16.22% 3.63% Ratio of Net Investment Income to Average Net Assets........................ 3.69%(E) 2.75% 2.76% 0.49% 2.29% Portfolio Turnover Rate..................................................... 4%(D) 2% 4% 88% 105% ----------------------------------------------------------------------------------------------------------------------------------
-------- YEAR ENDED OCT. 31, 2013 -------------------------------------------------------------------------------------- Net Asset Value, Beginning of Period........................................ $ 11.38 ------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A).......................................... 0.15 Net Gains (Losses) on Securities (Realized and Unrealized)................ (2.60) ------- Total from Investment Operations......................................... (2.45) -------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income..................................................... (0.13) Net Realized Gains........................................................ -- ------- Total Distributions...................................................... (0.13) -------------------------------------------------------------------------------------- Net Asset Value, End of Period.............................................. $ 8.80 ============================================================================ ======== Total Return................................................................ (21.54)% -------------------------------------------------------------------------------------- Net Assets, End of Year (thousands)......................................... $ 1,375 Ratio of Expenses to Average Net Assets..................................... 0.40% Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)........... 2.90% Ratio of Net Investment Income to Average Net Assets........................ 1.50% Portfolio Turnover Rate..................................................... 120% --------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes. See accompanying Notes to Financial Statements. 213 DFA INVESTMENT DIMENSIONS GROUP INC. FINANCIAL HIGHLIGHTS (FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA INFLATION-PROTECTED SECURITIES PORTFOLIO ---------------------------------------------------------------------------- SIX MONTHS YEAR YEAR YEAR YEAR YEAR ENDED ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, 2018 2017 2016 2015 2014 2013 ---------------------------------------------------------------------------------------------------------------------------------- (UNAUDITED) Net Asset Value, Beginning of Period.............. $ 11.79 $ 12.09 $ 11.54 $ 11.75 $ 11.84 $ 13.00 ---------- ---------- ---------- ---------- ---------- ---------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)................ 0.18 0.25 0.16 0.06 0.22 0.21 Net Gains (Losses) on Securities (Realized and Unrealized).................................... (0.23) (0.29) 0.53 (0.17) (0.06) (1.05) ---------- ---------- ---------- ---------- ---------- ---------- Total from Investment Operations............... (0.05) (0.04) 0.69 (0.11) 0.16 (0.84) ---------------------------------------------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income........................... (0.15) (0.23) (0.13) (0.07) (0.25) (0.24) Net Realized Gains.............................. -- (0.03) (0.01) (0.03) -- (0.08) ---------- ---------- ---------- ---------- ---------- ---------- Total Distributions............................ (0.15) (0.26) (0.14) (0.10) (0.25) (0.32) ---------------------------------------------------------------------------------------------------------------------------------- Net Asset Value, End of Period.................... $ 11.59 $ 11.79 $ 12.09 $ 11.54 $ 11.75 $ 11.84 ================================================= =========== ========== ========== ========== ========== ========== Total Return...................................... (0.40)%(D) (0.26)% 5.96% (0.98)% 1.38% (6.59)% ---------------------------------------------------------------------------------------------------------------------------------- Net Assets, End of Year (thousands)............... $4,607,689 $4,359,301 $3,514,067 $2,982,898 $2,722,146 $2,592,771 Ratio of Expenses to Average Net Assets........... 0.12%(E) 0.12% 0.12% 0.12% 0.12% 0.12% Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)............................ 0.12%(E) 0.12% 0.12% 0.12% 0.12% 0.12% Ratio of Net Investment Income to Average Net Assets........................................... 3.11%(E) 2.14% 1.35% 0.54% 1.83% 1.68% Portfolio Turnover Rate........................... 16%(D) 16% 19% 12% 25% 26% ----------------------------------------------------------------------------------------------------------------------------------
DFA SHORT-DURATION REAL RETURN PORTFOLIO ----------------------------------------------------------- PERIOD SIX MONTHS YEAR YEAR YEAR NOV. 5, ENDED ENDED ENDED ENDED 2013(A) TO APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, 2018 2017 2016 2015 2014 --------------------------------------------------------------------------------------------------------------------- (UNAUDITED) Net Asset Value, Beginning of Period.............. $ 10.02 $ 10.02 $ 9.79 $ 10.00 $ 10.00 ---------- ---------- -------- -------- -------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)................ 0.08 0.17 0.17 0.14 0.11 Net Gains (Losses) on Securities (Realized and Unrealized).................................... (0.06) (0.03) 0.18 (0.26) (0.09) ---------- ---------- -------- -------- -------- Total from Investment Operations............... 0.02 0.14 0.35 (0.12) 0.02 --------------------------------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income........................... (0.17) (0.14) (0.12) (0.09) (0.02) Net Realized Gains.............................. -- -- -- -- -- ---------- ---------- -------- -------- -------- Total Distributions............................ (0.17) (0.14) (0.12) (0.09) (0.02) --------------------------------------------------------------------------------------------------------------------- Net Asset Value, End of Period.................... $ 9.87 $ 10.02 $ 10.02 $ 9.79 $ 10.00 ================================================= =========== ========== ======== ======== ========== Total Return...................................... 0.19%(D) 1.42% 3.67% (1.14)% 0.20%(D) --------------------------------------------------------------------------------------------------------------------- Net Assets, End of Year (thousands)............... $1,271,822 $1,130,418 $914,956 $784,996 $632,077 Ratio of Expenses to Average Net Assets........... 0.23%(E) 0.24% 0.24% 0.24% 0.24%(C)(E) Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor)............................ 0.23%(E) 0.23% 0.23% 0.23% 0.31%(C)(E) Ratio of Net Investment Income to Average Net Assets........................................... 1.70%(E) 1.72% 1.68% 1.38%(E) 1.12%(C)(E) Portfolio Turnover Rate........................... 18%(D) 35% 62% 30% 138%(D) ---------------------------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes. See accompanying Notes to Financial Statements. 214 DFA INVESTMENT DIMENSIONS GROUP INC. FINANCIAL HIGHLIGHTS (FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA CALIFORNIA MUNICIPAL REAL RETURN DFA MUNICIPAL REAL RETURN PORTFOLIO PORTFOLIO -------------------------------------------- ----------- PERIOD PERIOD SIX MONTHS YEAR YEAR NOV. 4, NOV. 1, ENDED ENDED ENDED 2014(A) TO 2017(A) TO APRIL 30, OCT. 31, OCT. 31, OCT. 31, APRIL 30, 2018 2017 2016 2015 2018 ---------------------------------------------------------------------------------------------------- (UNAUDITED) (UNAUDITED) Net Asset Value, Beginning of Period........................ $ 9.94 $ 9.93 $ 9.72 $ 10.00 $ 10.00 -------- -------- -------- -------- ------- Income from Investment Operations ---------------------- Net Investment Income (Loss) (A).................. 0.07 0.13 0.12 0.11 0.06 Net Gains (Losses) on Securities (Realized and Unrealized)................. (0.13) 0.01 0.21 (0.31) (0.12) -------- -------- -------- -------- ------- Total from Investment Operations................. (0.06) 0.14 0.33 (0.20) (0.06) ---------------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income......... (0.07) (0.13) (0.12) (0.08) (0.05) Net Realized Gains............ -- -- -- -- -- -------- -------- -------- -------- ------- Total Distributions......... (0.07) (0.13) (0.12) (0.08) (0.05) ---------------------------------------------------------------------------------------------------- Net Asset Value, End of Period. $ 9.81 $ 9.94 $ 9.93 $ 9.72 $ 9.89 ============================== =========== ======== ======== ========== =========== Total Return................... (0.61)%(D) 1.42% 3.40% (1.98)%(D) (0.62)%(D) ---------------------------------------------------------------------------------------------------- Net Assets, End of Year (thousands)................... $810,886 $716,821 $473,985 $184,238 $85,108 Ratio of Expenses to Average Net Assets.................... 0.22%(E) 0.23% 0.26% 0.27%(C)(E) 0.30%(C)(E) Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))....... 0.23%(E) 0.24% 0.24% 0.35%(C)(E) 0.30%(C)(E) Ratio of Net Investment Income to Average Net Assets.. 1.49%(E) 1.34% 1.19% 1.12%(C)(E) 1.22%(C)(E) Portfolio Turnover Rate........ 2%(D) 4% 0% 0%(D) 0% ----------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes. See accompanying Notes to Financial Statements. 215 DFA INVESTMENT DIMENSIONS GROUP INC. FINANCIAL HIGHLIGHTS (FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)(A)
DFA MUNICIPAL BOND PORTFOLIO -------------------------------------------- --------------- PERIOD SIX MONTHS YEAR YEAR MARCH 10, SIX MONTHS ENDED ENDED ENDED 2015(A) TO ENDED APRIL 30, OCT. 31, OCT. 31, OCT. 31, APRIL 30, 2018 2017 2016 2015 2018 ---------------------------------------------------------------------------------------------------------------------------------- (UNAUDITED) (UNAUDITED) Net Asset Value, Beginning of Period......................... $ 10.18 $ 10.22 $ 10.12 $ 10.00 $ 10.18 -------- -------- -------- -------- ---------- Income from Investment Operations - Net Investment Income (Loss) (A)........................... 0.07 0.12 0.12 0.09 0.05 Net Gains (Losses) on Securities (Realized and Unrealized). (0.21) (0.04) 0.10 0.09 (0.08) -------- -------- -------- -------- ---------- Total from Investment Operations.......................... (0.14) 0.08 0.22 0.18 (0.03) ---------------------------------------------------------------------------------------------------------------------------------- Less Distributions - Net Investment Income...................................... (0.06) (0.12) (0.12) (0.06) (0.05) Net Realized Gains......................................... -- -- -- -- -- -------- -------- -------- -------- ---------- Total Distributions....................................... (0.06) (0.12) (0.12) (0.06) (0.05) ---------------------------------------------------------------------------------------------------------------------------------- Net Asset Value, End of Period............................... $ 9.98 $ 10.18 $ 10.22 $ 10.12 $ 10.10 ============================================================= =========== ======== ======== ========== =========== Total Return................................................. (1.36)%(D) 0.76% 2.22% 1.83%(D) (0.28)%(D) ---------------------------------------------------------------------------------------------------------------------------------- Net Assets, End of Year (thousands).......................... $417,268 $351,938 $220,721 $100,315 $2,576,818 Ratio of Expenses to Average Net Assets...................... 0.22%(E) 0.23% 0.23% 0.23%(C)(E) 0.21%(E) Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))....... 0.23%(E) 0.24% 0.25% 0.37%(C)(E) 0.22%(E) Ratio of Net Investment Income to Average Net Assets......... 1.33%(E) 1.17% 1.13% 1.31%(C)(E) 1.08%(E) Portfolio Turnover Rate...................................... 5%(D) 8% 2% 2%(D) 8%(D) ----------------------------------------------------------------------------------------------------------------------------------
DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO ----------------------------------------------------------- YEAR YEAR YEAR YEAR YEAR ENDED ENDED ENDED ENDED ENDED OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, 2017 2016 2015 2014 2013 ------------------------------------------------------------------------------------------------------------------------- Net Asset Value, Beginning of Period......................... $ 10.21 $ 10.24 $ 10.23 $ 10.23 $ 10.29 ---------- ---------- ---------- ---------- ---------- Income from Investment Operations - Net Investment Income (Loss) (A)........................... 0.10 0.09 0.09 0.09 0.10 Net Gains (Losses) on Securities (Realized and Unrealized). (0.03) (0.02) 0.01 -- (0.06) ---------- ---------- ---------- ---------- ---------- Total from Investment Operations.......................... 0.07 0.07 0.10 0.09 0.04 ------------------------------------------------------------------------------------------------------------------------- Less Distributions - Net Investment Income...................................... (0.10) (0.10) (0.09) (0.09) (0.10) Net Realized Gains......................................... -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- Total Distributions....................................... (0.10) (0.10) (0.09) (0.09) (0.10) ------------------------------------------------------------------------------------------------------------------------- Net Asset Value, End of Period............................... $ 10.18 $ 10.21 $ 10.24 $ 10.23 $ 10.23 ============================================================= ========== ========== ========== ========== ========== Total Return................................................. 0.67% 0.68% 1.00% 0.87% 0.42% ------------------------------------------------------------------------------------------------------------------------- Net Assets, End of Year (thousands).......................... $2,531,941 $2,103,981 $2,199,837 $2,206,915 $1,780,699 Ratio of Expenses to Average Net Assets...................... 0.22% 0.22% 0.22% 0.22% 0.22% Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))....... 0.22% 0.22% 0.22% 0.22% 0.22% Ratio of Net Investment Income to Average Net Assets......... 0.96% 0.92% 0.90% 0.88% 0.98% Portfolio Turnover Rate...................................... 16% 11% 18% 30% 24% -------------------------------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes. See accompanying Notes to Financial Statements. 216 DFA INVESTMENT DIMENSIONS GROUP INC. FINANCIAL HIGHLIGHTS (FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO -------------------------------------------------------------------- SIX MONTHS YEAR YEAR YEAR YEAR YEAR ENDED ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, 2018 2017 2016 2015 2014 2013 ------------------------------------------------------------------------------------------------------------------ (UNAUDITED) Net Asset Value, Beginning of Period...... $ 10.19 $ 10.25 $ 10.17 $ 10.10 $ 9.84 $ 10.06 ---------- ---------- ---------- -------- -------- -------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)........ 0.08 0.14 0.14 0.15 0.17 0.13 Net Gains (Losses) on Securities (Realized and Unrealized).............. (0.24) (0.06) 0.09 0.06 0.25 (0.22) ---------- ---------- ---------- -------- -------- -------- Total from Investment Operations....... (0.16) 0.08 0.23 0.21 0.42 (0.09) ------------------------------------------------------------------------------------------------------------------ Less Distributions ------------------ Net Investment Income................... (0.07) (0.14) (0.15) (0.14) (0.16) (0.13) ---------- ---------- ---------- -------- -------- -------- Total Distributions.................... (0.07) (0.14) (0.15) (0.14) (0.16) (0.13) ------------------------------------------------------------------------------------------------------------------ Net Asset Value, End of Period............ $ 9.96 $ 10.19 $ 10.25 $ 10.17 $ 10.10 $ 9.84 ========================================== =========== ========== ========== ======== ======== ======== Total Return.............................. (1.56)%(D) 0.75% 2.23% 2.13% 4.34% (0.91)% ------------------------------------------------------------------------------------------------------------------ Net Assets, End of Period (thousands)..... $1,754,348 $1,667,648 $1,264,647 $910,481 $508,722 $269,514 Ratio of Expenses to Average Net Assets................................... 0.22%(E) 0.23% 0.23% 0.23% 0.23% 0.23% Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))........................ 0.22%(E) 0.23% 0.22% 0.23% 0.24% 0.26% Ratio of Net Investment Income to Average Net Assets............................... 1.51%(E) 1.35% 1.34% 1.47% 1.69% 1.36% Portfolio Turnover Rate................... 2%(D) 4% 3% 1% 4% 0% ------------------------------------------------------------------------------------------------------------------
DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO ------------------------------------------------------------------ SIX MONTHS YEAR YEAR YEAR YEAR YEAR ENDED ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, 2018 2017 2016 2015 2014 2013 -------------------------------------------------------------------------------------------------------------- (UNAUDITED) Net Asset Value, Beginning of Period...... $ 10.31 $ 10.33 $ 10.34 $ 10.33 $ 10.31 $ 10.34 ---------- ---------- -------- -------- -------- -------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)........ 0.05 0.09 0.09 0.08 0.09 0.10 Net Gains (Losses) on Securities (Realized and Unrealized).............. (0.09) (0.02) (0.01) 0.01 0.01 (0.03) ---------- ---------- -------- -------- -------- -------- Total from Investment Operations....... (0.04) 0.07 0.08 0.09 0.10 0.07 -------------------------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income................... (0.05) (0.09) (0.09) (0.08) (0.08) (0.10) ---------- ---------- -------- -------- -------- -------- Total Distributions.................... (0.05) (0.09) (0.09) (0.08) (0.08) (0.10) -------------------------------------------------------------------------------------------------------------- Net Asset Value, End of Period............ $ 10.22 $ 10.31 $ 10.33 $ 10.34 $ 10.33 $ 10.31 ========================================== =========== ========== ======== ======== ======== ======== Total Return.............................. (0.42)%(D) 0.68% 0.79% 0.87% 1.02% 0.70% -------------------------------------------------------------------------------------------------------------- Net Assets, End of Period (thousands)..... $1,092,810 $1,031,539 $880,209 $825,484 $703,773 $521,090 Ratio of Expenses to Average Net Assets................................... 0.21%(E) 0.22% 0.22% 0.22% 0.22% 0.23% Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))........................ 0.21%(E) 0.22% 0.22% 0.22% 0.22% 0.23% Ratio of Net Investment Income to Average Net Assets............................... 0.98%(E) 0.88% 0.84% 0.78% 0.83% 0.98% Portfolio Turnover Rate................... 11%(D) 19% 20% 23% 22% 28% --------------------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes. See accompanying Notes to Financial Statements. 217 DFA INVESTMENT DIMENSIONS GROUP INC. FINANCIAL HIGHLIGHTS (FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO -------------------------------------------------------------- SIX MONTHS YEAR YEAR YEAR YEAR YEAR ENDED ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, 2018 2017 2016 2015 2014 2013 ------------------------------------------------------------------------------------------------ (UNAUDITED) Net Asset Value, Beginning of Period........................ $ 10.58 $ 10.62 $ 10.56 $ 10.47 $ 10.16 $ 10.30 -------- -------- -------- -------- -------- ------- Income from Investment Operations ---------------------- Net Investment Income (Loss) (A)......................... 0.07 0.14 0.15 0.17 0.18 0.15 Net Gains (Losses) on Securities (Realized and Unrealized)................. (0.23) (0.04) 0.07 0.08 0.30 (0.14) -------- -------- -------- -------- -------- ------- Total from Investment Operations................. (0.16) 0.10 0.22 0.25 0.48 0.01 ------------------------------------------------------------------------------------------------ Less Distributions ------------------ Net Investment Income......... (0.07) (0.14) (0.16) (0.16) (0.17) (0.15) Net Realized Gains............ -- -- -- -- -- -- -------- -------- -------- -------- -------- ------- Total Distributions......... (0.07) (0.14) (0.16) (0.16) (0.17) (0.15) ------------------------------------------------------------------------------------------------ Net Asset Value, End of Period. $ 10.35 $ 10.58 $ 10.62 $ 10.56 $ 10.47 $ 10.16 ============================== =========== ======== ======== ======== ======== ======== Total Return................... (1.51)%(D) 0.97% 2.10% 2.46% 4.82% 0.08% ------------------------------------------------------------------------------------------------ Net Assets, End of Year (thousands)................... $402,191 $347,302 $255,893 $196,624 $140,424 $97,199 Ratio of Expenses to Average Net Assets.................... 0.22%(E) 0.23% 0.23% 0.23% 0.23% 0.23% Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))....... 0.22%(E) 0.23% 0.23% 0.23% 0.24% 0.26% Ratio of Net Investment Income to Average Net Assets.. 1.44%(E) 1.36% 1.42% 1.59% 1.75% 1.48% Portfolio Turnover Rate........ 3%(D) 7% 4% 2% 14% 11% ------------------------------------------------------------------------------------------------
DFA NY MUNICIPAL BOND PORTFOLIO ----------------------------------------- PERIOD SIX MONTHS YEAR YEAR JUNE 16, ENDED ENDED ENDED 2015(A) TO APRIL 30, OCT. 31, OCT. 31, OCT. 31, 2018 2017 2016 2015 -------------------------------------------------------------------------------- (UNAUDITED) Net Asset Value, Beginning of Period........................ $ 10.24 $ 10.25 $ 10.14 $ 10.00 ------- ------- ------- ------- Income from Investment Operations ---------------------- Net Investment Income (Loss) (A)......................... 0.06 0.11 0.11 0.05 Net Gains (Losses) on Securities (Realized and Unrealized)................. (0.14) (0.01) 0.12 0.12 ------- ------- ------- ------- Total from Investment Operations................. (0.08) 0.10 0.23 0.17 -------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income......... (0.06) (0.11) (0.12) (0.03) Net Realized Gains............ -- -- -- -- ------- ------- ------- ------- Total Distributions......... (0.06) (0.11) (0.12) (0.03) -------------------------------------------------------------------------------- Net Asset Value, End of Period. $ 10.10 $ 10.24 $ 10.25 $ 10.14 ============================== =========== ======== ======== ========== Total Return................... (0.82)%(D) 0.94% 2.29% 1.75%(D) -------------------------------------------------------------------------------- Net Assets, End of Year (thousands)................... $94,704 $91,204 $57,581 $28,985 Ratio of Expenses to Average Net Assets.................... 0.24%(E) 0.25% 0.25% 0.25%(C)(E) Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))....... 0.24%(E) 0.25% 0.34% 0.51%(C)(E) Ratio of Net Investment Income to Average Net Assets.. 1.18%(E) 1.06% 1.10% 1.25%(D)(E) Portfolio Turnover Rate........ 15%(D) 15% 1% 0%(D) --------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes. See accompanying Notes to Financial Statements. 218 DFA INVESTMENT DIMENSIONS GROUP INC. FINANCIAL HIGHLIGHTS (FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA MN MUNICIPAL BOND PORTFOLIO ----------------------- PERIOD SIX MONTHS JULY 25, ENDED 2017(A) TO APRIL 30, OCT. 31, 2018 2017 ------------------------------------------------------------------------------------------- (UNAUDITED) Net Asset Value, Beginning of Period........................ $ 9.95 $ 10.00 ------- ------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)........................... 0.05 0.02 Net Gains (Losses) on Securities (Realized and Unrealized). (0.21) (0.05) ------- ------- Total from Investment Operations......................... (0.16) (0.03) ------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income...................................... (0.05) (0.02) Net Realized Gains......................................... -- -- ------- ------- Total Distributions...................................... (0.05) (0.02) ------------------------------------------------------------------------------------------- Net Asset Value, End of Period.............................. $ 9.74 $ 9.95 =========================================================== =========== ========== Total Return................................................ (1.62)%(D) (0.28)%(D) ------------------------------------------------------------------------------------------- Net Assets, End of Year (thousands)......................... $66,769 $61,259 Ratio of Expenses to Average Net Assets..................... 0.32%(E) 0.24%(E)(C) Ratio of Expenses to Average Net Assets (Excluding Fees (Waived), (Expenses Reimbursed), and/or Previously Waived Fees Recovered by Advisor and (Fees Paid Indirectly))...... 0.40%(E) 0.37%(E)(C) Ratio of Net Investment Income to Average Net Assets........ 1.09%(E) 0.96%(E)(C) Portfolio Turnover Rate..................................... 9%(D) 0%(D) -------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes. See accompanying Notes to Financial Statements. 219 DFA INVESTMENT DIMENSIONS GROUP INC. NOTES TO FINANCIAL STATEMENTS (UNAUDITED) A. ORGANIZATION: DFA Investment Dimensions Group Inc. (the "Fund") is an open-end management investment company registered under the Investment Company Act of 1940, whose shares are generally offered to institutional investors, retirement plans and clients of registered investment advisors. The Fund consists of one hundred and two operational portfolios, of which twenty-five (the "Portfolios") are included in this report. The remaining operational portfolios are presented in separate reports. The Portfolios are investment companies, and accordingly, follow the accounting and reporting guidance under Financial Accounting Standards Board ("FASB") Accounting Standards Certification ("ASC") Topic 946, "Financial Services-Investment Companies." The DFA Diversified Fixed Income Portfolio achieves its investment objective by primarily investing directly or through other series of the Fund (collectively, the "Underlying Funds"). At April 30, 2018, the Portfolio was the owner of record of the following approximate percentages of the total outstanding shares of the following Underlying Funds as detailed below:
PERCENTAGE OWNERSHIP FUND OF FUNDS UNDERLYING FUNDS AT 4/30/18 ------------- ---------------- ---------- DFA Diversified Fixed Income Portfolio DFA Two-Year Global Fixed Income Portfolio 4% DFA Intermediate Government Fixed Income Portfolio 7%
B. SIGNIFICANT ACCOUNTING POLICIES: The following significant accounting policies are in conformity with accounting principles generally accepted in the United States of America. Such policies are consistently followed by the Fund in preparation of its financial statements. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the fair value of investments, the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates and those differences could be material. 1. SECURITY VALUATION: The Portfolios utilize a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below: . Level 1 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, futures contracts) . Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) . Level 3 - significant unobservable inputs (including the Portfolios' own assumptions in determining the fair value of investments) Debt securities held by the Portfolios are valued on the basis of evaluated prices provided by one or more pricing services or other reasonably reliable sources including broker/dealers that typically handle the purchase and sale of such securities. Securities that are traded over-the-counter and on a stock exchange generally will be valued according to the broadest and most representative market, and it is expected that for bonds and other fixed income securities, this ordinarily will be the over-the-counter market. Securities for which quotations are not readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors of the Fund. These securities are generally categorized as Level 2 in the hierarchy. 220 Over-the-counter derivative contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 in the hierarchy. Swap agreements will be valued at the price provided by an independent third-party pricing service or source. If a price is not available from an independent third-party pricing service or source, the swap agreement will be valued in good faith at fair value in accordance with procedures adopted by the Board. These securities are generally categorized as Level 2 in the hierarchy. Shares held by the Portfolios in other investment companies (such as the Underlying Funds shares held by the DFA Diversified Fixed Income Portfolio) are valued at their respective daily net asset values as reported by their administrator. These valuations are classified as Level 1 in the hierarchy. A summary of the inputs used to value the Portfolios' investments by each major security type, industry and/or country is disclosed previously in this note. Valuation hierarchy tables have been included at the end of the Schedules of Investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For the six months ended April 30, 2018, there were no significant transfers between Level 1 and Level 2 and no significant Level 3 investments held by the Portfolios. 2. FOREIGN CURRENCY TRANSLATION: Securities and other assets and liabilities of DFA Two-Year Global Fixed Income Portfolio, DFA Selectively Hedged Global Fixed Income Portfolio, DFA Five-Year Global Fixed Income Portfolio, DFA World ex U.S. Government Fixed Income Portfolio, DFA Short-Term Extended Quality Portfolio, DFA Intermediate-Term Extended Quality Portfolio, DFA Targeted Credit Portfolio (the "International Fixed Income Portfolios"), DFA Investment Grade Portfolio, DFA Diversified Fixed Income Portfolio and DFA Short-Duration Real Return Portfolio whose values are initially expressed in foreign currencies are translated to U.S. dollars using the mean between the most recent bid and ask prices for the U.S. dollar as quoted by generally recognized reliable sources. Dividend and interest income and certain expenses are translated to U.S. dollars at the rate of exchange on their respective accrual dates. Receivables and payables denominated in foreign currencies are marked-to-market daily based on daily exchange rates and exchange gains or losses are realized upon ultimate receipt or disbursement. The International Fixed Income Portfolios enter into forward currency contracts for the purpose of hedging against fluctuations in currency exchange rates or to transfer balances from one currency to another. DFA Selectively Hedged Global Fixed Income Portfolio may hedge the currency exposure of its foreign securities or leave some or all of the currency exposure unhedged. Forward currency contracts are marked-to-market daily based on daily forward exchange rates. The International Fixed Income Portfolios, DFA Investment Grade Portfolio, DFA Diversified Fixed Income Portfolio and DFA Short-Duration Real Return Portfolio isolate the effect of fluctuations in foreign currency rates when determining the realized gain or loss upon the sale or maturity of foreign currency denominated debt obligations pursuant to U.S. Federal income tax regulations; such amounts are categorized as foreign exchange gain or loss for income tax reporting purposes. Realized gains or losses on foreign currency transactions represent net foreign exchange gains or losses from the disposition of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between amounts of interest, dividends and any foreign withholding taxes recorded on the books of the International Fixed Income Portfolios, DFA Investment Grade Portfolio, DFA Diversified Fixed Income Portfolio and DFA Short-Duration Real Return Portfolio and the U.S. dollar equivalent amounts actually received or paid. 3. TREASURY INFLATION-PROTECTED SECURITIES (TIPS): Inflation-protected securities (also known as inflation-indexed securities) are securities whose principal and/or interest payments are adjusted for inflation, unlike conventional debt securities that make fixed principal and interest payments. Inflation-protected securities include Treasury Inflation-Protected Securities ("TIPS"), which are securities issued by the U.S. Treasury. The principal value of TIPS is adjusted for inflation (payable at maturity) and the semi-annual interest payments by TIPS equal a fixed percentage of the inflation-adjusted principal amount. These inflation adjustments are based upon the Consumer Price Index for Urban Consumers (CPI-U). The original principal value of TIPS is guaranteed, even during period of deflation. At maturity, TIPS are redeemed at the greater of their inflation-adjusted principal or par 221 amount at original issue. Other types of inflation-protected securities may use other methods to adjust for inflation and other measures of inflation. In addition, inflation-protected securities issued by entities other than the U.S. Treasury may not provide a guarantee of principal value at maturity. 4. DEFERRED COMPENSATION PLAN: Each eligible Director of the Fund may elect participation in The Fee Deferral Plan for Independent Directors and Trustees (the "Plan"). Under the Plan, effective January 1, 2002, such Directors may defer payment of all or a portion of their total fees earned as a Director. These deferred amounts may be treated as though such amounts had been invested in shares of the following funds: U.S. Large Cap Value Portfolio; U.S. Core Equity 1 Portfolio; U.S. Core Equity 2 Portfolio; U.S. Vector Equity Portfolio; U.S. Micro Cap Portfolio; DFA International Value Portfolio; International Core Equity Portfolio; Emerging Markets Portfolio; Emerging Markets Core Equity Portfolio; and/or DFA Two-Year Global Fixed Income Portfolio. Contributions made under the Plan and the change in unrealized appreciation (depreciation) and income are included in Directors'/Trustees' Fees & Expenses. Each Director has the option to receive their distribution of proceeds in one of the following methods: lump sum; annual installments over a period of agreed-upon years; or quarterly installments over a period of agreed-upon years. Each Director shall have the right in a notice of election (the "Notice") to defer the receipt of the Director's deferred compensation until a date specified by such Director in the Notice, which date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Director ceases to be a member of the Board of Directors of the Fund; and (ii) five years following the effective date of the Director's first deferral election. If a Director who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Director's deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Director ceases to be a member of the Board (unless the Director files an amended Notice selecting a different distribution date). As of April 30, 2018, none of the Directors have requested or received a distribution of proceeds of a deferred fee account. 5. OTHER: Security transactions are accounted for as of the trade date. Costs used in determining realized gains and losses on the sale of investment securities/affiliated investment companies and foreign currency are accounted for on the basis of identified cost. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities and from the investment in affiliated investment companies that represent a return of capital or capital gains are recorded as a reduction of cost of investments or as a realized gain, respectively. The Portfolios estimate the character of distributions received that may be considered return of capital distributions. Interest income is recorded on an accrual basis. Discount and premium on debt securities purchased are amortized over the lives of the respective securities, utilizing the effective interest method. Expenses directly attributable to a Portfolio are directly charged. Common expenses of the Fund or the Portfolios are allocated using methods approved by the Board, generally based on average net assets. Organizational costs are expensed during the fiscal year of inception of the Portfolios. Offering costs are amortized over a twelve-month period from the inception of the Portfolios. The Portfolios may be subject to taxes imposed by countries in which they invest, with respect to their investments in issuers existing or operating in such countries. Such taxes are generally based on income earned or repatriated and capital gains realized on the sale of such investments. The Portfolios accrue such taxes when the related income or capital gains are earned or throughout the holding period. Some countries require governmental approval for the repatriation of investment income, capital or the proceeds of sales earned by foreign investors. In addition, if there is a deterioration in a country's balance of payments or for other reasons, a country may impose temporary restrictions on foreign capital remittances abroad. C. INVESTMENT ADVISOR AND ADMINISTRATOR: The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Portfolios. For the six months ended April 30, 2018, the Portfolios' investment management fees were accrued daily and paid monthly to the Advisor based on the following effective annual rates of average daily net assets: DFA One-Year Fixed Income Portfolio........ 0.15% DFA Two-Year Global Fixed Income Portfolio. 0.15%
222 DFA Selectively Hedged Global Fixed Income Portfolio...... 0.15% DFA Five-Year Global Fixed Income Portfolio............... 0.25% DFA World ex U.S. Government Fixed Income Portfolio....... 0.18% DFA Short-Term Government Portfolio....................... 0.17% DFA Intermediate Government Fixed Income Portfolio........ 0.10% DFA Short-Term Extended Quality Portfolio................. 0.20% DFA Intermediate-Term Extended Quality Portfolio.......... 0.20% DFA Targeted Credit Portfolio............................. 0.19% DFA Global Core Plus Fixed Income Portfolio............... 0.25% DFA Investment Grade Portfolio............................ 0.20% DFA Diversified Fixed Income Portfolio.................... 0.12% DFA LTIP Portfolio........................................ 0.10% DFA Inflation-Protected Securities Portfolio.............. 0.10% DFA Short-Duration Real Return Portfolio.................. 0.20% DFA Municipal Real Return Portfolio....................... 0.20% DFA California Municipal Real Return Portfolio............ 0.20% DFA Municipal Bond Portfolio.............................. 0.20% DFA Short-Term Municipal Bond Portfolio................... 0.20% DFA Intermediate-Term Municipal Bond Portfolio............ 0.20% DFA California Short-Term Municipal Bond Portfolio........ 0.20% DFA California Intermediate-Term Municipal Bond Portfolio. 0.20% DFA NY Municipal Bond Portfolio........................... 0.20% DFA MN Municipal Bond Portfolio........................... 0.25%
Pursuant to an Amended and Restated Fee Waiver and/or Expense Assumption Agreement (the "Fee Waiver Agreement"), the Advisor has contractually agreed to waive certain fees, and in certain instances, assume certain expenses of the Portfolios, as described in the notes below. The Fee Waiver Agreement for the Portfolios will remain in effect through February 28, 2019, and may only be terminated by the Fund's Board of Directors prior to that date. The Fee Waiver Agreement for the Portfolios shall continue in effect from year to year thereafter unless terminated by the Fund or the Advisor. For the six months ended April 30, 2018, the Portfolios had expense limits based on a percentage of average net assets on an annualized basis, and the Advisor recovered previously waived fees and/or expenses assumed as listed below (amounts in thousands). Previously waived fees/expenses assumed subject to future recovery by the Advisor and the net amount of waived fees/expenses assumed (recovered previously waived fees/expenses assumed) during the six months ended April 30, 2018, are also reflected below (amounts in thousands). The Fund, on behalf of the Portfolios listed, is not obligated to reimburse the Advisor for fees previously waived or expenses previously assumed by the Advisor more than 36 months before the date of recovery. With respect to each Fee Waiver Agreement, prior year expenses can be recaptured only if the current expense ratio is less than prior year expense cap that was in place when such prior year expenses were waived.
NET WAIVED FEES/ PREVIOUSLY EXPENSES ASSUMED RECOVERY WAIVED FEES/ (RECOVERED EXPENSE OF PREVIOUSLY EXPENSES ASSUMED PREVIOUSLY WAIVED LIMITATION WAIVED FEES/ SUBJECT TO FUTURE FEES/EXPENSES INSTITUTIONAL CLASS SHARES AMOUNT EXPENSES ASSUMED RECOVERY ASSUMED) -------------------------- ---------- ---------------- ----------------- ----------------- DFA Selectively Hedged Global Fixed Income Portfolio (1).............. 0.25% -- -- -- DFA World ex U.S. Government Fixed Income Portfolio (1).............. 0.20% $ 1 $312 $22 DFA Short-Term Government Portfolio (2)..................... 0.20% -- -- -- DFA Short-Term Extended Quality Portfolio (1)..................... 0.22% 6 600 35
223
NET WAIVED FEES/ PREVIOUSLY EXPENSES ASSUMED RECOVERY WAIVED FEES/ (RECOVERED EXPENSE OF PREVIOUSLY EXPENSES ASSUMED PREVIOUSLY WAIVED LIMITATION WAIVED FEES/ SUBJECT TO FUTURE FEES/EXPENSES INSTITUTIONAL CLASS SHARES AMOUNT EXPENSES ASSUMED RECOVERY ASSUMED) -------------------------- ---------- ---------------- ----------------- ----------------- DFA Intermediate-Term Extended Quality Portfolio (1)............................ 0.22% $21 $ 259 $(16) DFA Targeted Credit Portfolio (1).......... 0.20% -- 345 50 DFA Global Core Plus Fixed Income Portfolio (3)............................ 0.30% 14 7 7 DFA Investment Grade Portfolio (4)......... 0.22% 87 3,475 (65) DFA Diversified Fixed Income Portfolio (3)............................ 0.15% -- 821 301 DFA LTIP Portfolio (1)..................... 0.15% 18 36 (18) DFA Inflation-Protected Securities Portfolio (1)............................ 0.20% -- -- -- DFA Short-Duration Real Return Portfolio (5)............................ 0.24% 20 -- (20) DFA Municipal Real Return Portfolio (1).... 0.27% -- -- -- DFA California Municipal Real Return Portfolio (3)............................ 0.30% -- 10 10 DFA Municipal Bond Portfolio (1)........... 0.23% 10 104 (9) DFA Short-Term Municipal Bond Portfolio (2)............................ 0.30% -- -- -- DFA Intermediate-Term Municipal Bond Portfolio (1)............................ 0.23% 23 -- (23) DFA California Short-Term Municipal Bond Portfolio (1)............................ 0.30% -- -- -- DFA California Intermediate-Term Municipal Bond Portfolio (1)....................... 0.23% 10 -- (10) DFA NY Municipal Bond Portfolio (1)........ 0.25% 6 58 (5) DFA MN Municipal Bond Portfolio (1)........ 0.32% -- 45 25
(1) The Advisor has contractually agreed to waive all or a portion of its management fee and assume the ordinary operating expenses of a class of each of the Portfolios listed above (excluding the expenses that the Portfolio incurs indirectly through its investment in other investment companies) ("Portfolio Expenses") to the extent necessary to limit the Portfolio Expenses of a class of each Portfolio, on an annualized basis, to the rates listed above as a percentage of a class of the respective Portfolio's average net assets (the "Expense Limitation Amount"). At any time that the Portfolio Expenses of a class of the Portfolio are less than the Expense Limitation Amount for such class of shares of the Portfolio, the Advisor retains the right to recover any fees previously waived and/or expenses previously assumed to the extent that such recovery will not cause the annualized Portfolio Expenses for such class of shares of the Portfolio to exceed the applicable Expense Limitation Amount. (2) The Advisor has contractually agreed to waive all or a portion of its management fee to the extent necessary to reduce the ordinary operating expenses (excluding expenses incurred through its investment in other investment companies) ("Portfolio Expenses") of a class of each of the Portfolios listed above so that such Portfolio Expenses, on an annualized basis, do not exceed the rate reflected above for a class of each such Portfolio (the "Expense Limitation Amount"). At any time that the Portfolio Expenses of a class of the Portfolio are less than the Expense Limitation Amount for a class of the Portfolio, the Advisor retains the right to recover any fees previously waived to the extent that such recovery will not cause the annualized Portfolio Expenses for such class of shares of the Portfolio to exceed the Expense Limitation Amount. (3) The Advisor has contractually agreed to waive all or a portion of its management fee and to assume the ordinary operating expenses of a class of the Portfolio (including the expenses that the Portfolio bears as a shareholder of other funds managed by the Advisor, excluding money market funds, but excluding the expenses 224 that the Portfolio incurs indirectly through its investment in unaffiliated investment companies) ("Portfolio Expenses") to the extent necessary to limit the Portfolio Expenses of a class of the Portfolio to the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the "Expense Limitation Amount"). At any time that the Portfolio Expenses are less than the Expense Limitation Amount of a class of shares of the Portfolio, the Advisor retains the right to recover any fees previously waived and/or expenses previously assumed to the extent that such recovery will not cause the annualized Portfolio Expenses for such class of shares of the Portfolio to exceed the Expense Limitation Amount. (4) The Advisor has agreed to waive all or a portion of its management fee and to assume the expenses of a class of the Portfolio (including the expenses that the Portfolio bears as a shareholder of other funds managed by the Advisor but excluding the expenses that the Portfolio incurs indirectly through investment of its securities lending cash collateral in The DFA Short Term Investment Fund (the "Money Market Series") and its investment in unaffiliated investment companies) ("Portfolio Expenses") to the extent necessary to limit Portfolio Expenses of a class of the Portfolio, on an annualized basis, to the rate listed above as a percentage of the average net assets of a class of the Portfolio (the "Expense Limitation Amount"). At any time that the Portfolio Expenses are less than the Expense Limitation Amount of a class of shares of the Portfolio, the Advisor retains the right to recover any fees previously waived and/or expenses previously assumed to the extent that such recovery will not cause the annualized Portfolio Expenses for such class of shares of the Portfolio to exceed the Expense Limitation Amount. (5) The Advisor has contractually agreed to waive up to the full amount of the Portfolio's management fee to the extent necessary to offset the proportionate share of the management fees paid by the Portfolio through its investment in other funds managed by the Advisor, except for the fees paid through its investment of securities lending cash collateral in the Money Market Series (the "Underlying Funds"). In addition, under the Fee Waiver Agreement, the Advisor has also agreed to waive all or a portion of the management fee and to assume the ordinary operating expenses of a class of the Portfolio (including the expenses that the Portfolio bears as a shareholder of other funds managed by the Advisor but excluding the expenses that the Portfolio incurs indirectly through investment of its securities lending cash collateral in the Money Market Series and the expenses that the Portfolio incurs indirectly through its investment in unaffiliated investment companies) ("Portfolio Expenses") to the extent necessary to limit the Portfolio Expenses of a class of the Portfolio to the rate listed above as a percentage of the average net assets of a class of the Portfolio on an annualized basis (the "Expense Limitation Amount"). At any time that the Portfolio's annualized Portfolio Expenses are less than the Portfolio's Expense Limitation Amount, described above, the Advisor retains the right to recover any fees previously waived and/or expenses previously assumed to the extent that such recovery will not cause the annualized Portfolio Expenses of a class of the Portfolio to exceed the Expense Limitation Amount. The Advisor, however, shall not be reimbursed for any management fees previously waived to offset the Portfolio's proportionate share of the management fees paid by the Portfolio through its investment in other funds managed by the Advisor. EARNED INCOME CREDIT: In addition, Portfolios have entered into arrangements with their custodian whereby net interest earned on uninvested cash balances was used to reduce a portion of the Portfolios' custody expenses. Custody expense in the accompanying financial statements is presented before reduction for credits. The impact of such credits is generally less than one basis point of each Portfolio's net assets. During the six months ended April 30, 2018, expenses reduced were as follows (amounts in thousands):
FEES PAID INDIRECTLY ---------- DFA Two-Year Global Fixed Income Portfolio.......... $24 DFA Five-Year Global Fixed Income Portfolio......... 43 DFA World ex U.S. Government Fixed Income Portfolio. 10 DFA Municipal Real Return Portfolio................. 38 DFA California Municipal Real Return Portfolio...... 2 DFA Municipal Bond Portfolio........................ 12 DFA Short-Term Municipal Bond Portfolio............. 78
225
FEES PAID INDIRECTLY ---------- DFA Intermediate-Term Municipal Bond Portfolio............ $51 DFA California Short-Term Municipal Bond Portfolio........ 33 DFA California Intermediate-Term Municipal Bond Portfolio. 10 DFA NY Municipal Bond Portfolio........................... 4 DFA MN Municipal Bond Portfolio........................... 2
FEES PAID TO OFFICERS AND DIRECTORS/TRUSTEES: Certain Officers and Directors of the Advisor are also Officers and Directors of the Fund; however, such Officers and Directors (with the exception of the Chief Compliance Officer ("CCO")) receive no compensation from the Fund. For the six months ended April 30, 2018, the total related amounts paid by the Fund to the CCO were $158 (in thousands). The total related amounts paid by each of the Portfolios are included in Other Expenses on the Statement of Operations. D. DEFERRED COMPENSATION: At April 30, 2018, the total liability for deferred compensation to Directors is included in Accrued Expenses and Other Liabilities on the Statement of Assets and Liabilities as follows (amounts in thousands): DFA One-Year Fixed Income Portfolio....................... $393 DFA Two-Year Global Fixed Income Portfolio................ 313 DFA Selectively Hedged Global Fixed Income Portfolio...... 32 DFA Five-Year Global Fixed Income Portfolio............... 339 DFA World ex U.S. Government Fixed Income Portfolio....... 12 DFA Short-Term Government Portfolio....................... 78 DFA Intermediate Government Fixed Income Portfolio........ 132 DFA Short-Term Extended Quality Portfolio................. 97 DFA Intermediate-Term Extended Quality Portfolio.......... 32 DFA Targeted Credit Portfolio............................. 4 DFA Global Core Plus Fixed Income Portfolio............... -- DFA Investment Grade Portfolio............................ 92 DFA Diversified Fixed Income Portfolio.................... 3 DFA LTIP Portfolio........................................ 1 DFA Inflation-Protected Securities Portfolio.............. 95 DFA Short-Duration Real Return Portfolio.................. 13 DFA Municipal Real Return Portfolio....................... 6 DFA California Municipal Real Return Portfolio............ -- DFA Municipal Bond Portfolio.............................. 3 DFA Short-Term Municipal Bond Portfolio................... 82 DFA Intermediate-Term Municipal Bond Portfolio............ 19 DFA California Short-Term Municipal Bond Portfolio........ 23 DFA California Intermediate-Term Municipal Bond Portfolio. 4 DFA NY Municipal Bond Portfolio........................... 1 DFA MN Municipal Bond Portfolio........................... --
226 E. PURCHASES AND SALES OF SECURITIES: For the six months ended April 30, 2018, the Portfolios made the following purchases and sales of investment securities, other than short-term securities and in-kind redemptions (amounts in thousands):
U.S. GOVERNMENT OTHER INVESTMENT SECURITIES SECURITIES ------------------- --------------------- PURCHASES SALES PURCHASES SALES ---------- -------- ---------- ---------- DFA One-Year Fixed Income Portfolio....................... $ 889,346 $990,019 $2,107,169 $1,777,126 DFA Two-Year Global Fixed Income Portfolio................ 267,267 407,339 2,193,008 1,803,618 DFA Selectively Hedged Global Fixed Income Portfolio...... 100,891 29,315 229,464 257,418 DFA Five-Year Global Fixed Income Portfolio............... -- -- 5,034,665 4,205,264 DFA World ex U.S. Government Fixed Income Portfolio....... -- 1,831 297,307 206,524 DFA Short-Term Government Portfolio....................... 473,166 357,411 -- -- DFA Intermediate Government Fixed Income Portfolio........ 663,206 252,808 -- -- DFA Short-Term Extended Quality Portfolio................. -- -- 990,059 572,008 DFA Intermediate-Term Extended Quality Portfolio.......... 22,903 17,401 345,791 214,444 DFA Targeted Credit Portfolio............................. -- -- 160,216 74,184 DFA Global Core Plus Fixed Income Portfolio............... -- 10,825 540,924 202,959 DFA Investment Grade Portfolio............................ 538,778 365,250 784,871 242,508 DFA Diversified Fixed Income Portfolio.................... 44,284 11,422 145,724 -- DFA LTIP Portfolio........................................ 54,114 5,618 -- -- DFA Inflation-Protected Securities Portfolio.............. 1,006,730 709,818 -- -- DFA Short-Duration Real Return Portfolio.................. 81,300 64,715 282,827 150,835 DFA Municipal Real Return Portfolio....................... -- -- 110,656 12,541 DFA California Municipal Real Return Portfolio............ -- -- 76,108 -- DFA Municipal Bond Portfolio.............................. -- -- 96,744 19,853 DFA Short-Term Municipal Bond Portfolio................... -- -- 307,929 183,432 DFA Intermediate-Term Municipal Bond Portfolio............ -- -- 183,107 32,361 DFA California Short-Term Municipal Bond Portfolio........ -- -- 152,074 103,702 DFA California Intermediate-Term Municipal Bond Portfolio. -- -- 75,309 11,130 DFA NY Municipal Bond Portfolio........................... -- -- 13,031 12,063 DFA MN Municipal Bond Portfolio........................... -- -- 15,108 5,812
For the six months ended April 30, 2018, transactions related to Affiliated Investment Companies, excluding in-kind redemptions, were as follows (amounts in thousands):
NET REALIZED GAIN/(LOSS) DIVIDEND ON SALES OF CHANGE IN INCOME FROM AFFILIATED UNREALIZED AFFILIATED BALANCE AT PURCHASES PROCEEDS INVESTMENT APPRECIATION/ BALANCE AT SHARES AS OF INVESTMENT 10/31/17 AT COST FROM SALES COMPANIES DEPRECIATION 04/30/18 04/30/18 COMPANIES - ---------- ---------- ---------- ------------ ------------- ---------- ------------ ----------- DFA ONE-YEAR FIXED INCOME PORTFOLIO DFA Short Term Investment Fund..................... $100,564 $1,176,920 $898,615 $(40) $17 $378,846 32,744 -- -------- ---------- -------- ---- --- -------- ------ -- TOTAL..................... $100,564 $1,176,920 $898,615 $(40) $17 $378,846 32,744 -- ======== ========== ======== ==== === ======== ====== == DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO DFA Short Term Investment Fund..................... $ 27,030 $ 447,243 $304,259 $(14) $ 6 $170,006 14,694 -- -------- ---------- -------- ---- --- -------- ------ -- TOTAL..................... $ 27,030 $ 447,243 $304,259 $(14) $ 6 $170,006 14,694 -- ======== ========== ======== ==== === ======== ====== ==
CAPITAL GAIN DISTRIBUTIONS FROM AFFILIATED INVESTMENT COMPANIES - ------------- DFA ONE-YEAR FIXED INCOME PORTFOLIO DFA Short Term Investment Fund..................... -- -- TOTAL..................... -- == DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO DFA Short Term Investment Fund..................... -- -- TOTAL..................... -- ==
227
NET REALIZED GAIN/(LOSS) DIVIDEND ON SALES OF CHANGE IN INCOME FROM AFFILIATED UNREALIZED AFFILIATED BALANCE AT PURCHASES PROCEEDS INVESTMENT APPRECIATION/ BALANCE AT SHARES AS OF INVESTMENT 10/31/17 AT COST FROM SALES COMPANIES DEPRECIATION 04/30/18 04/30/18 COMPANIES - ---------- --------- ---------- ------------ ------------- ---------- ------------ ----------- DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO DFA Short Term Investment Fund.......................... $ 1 $135,476 $113,567 $ (3) $ 1 $ 21,908 1,894 -- -------- -------- -------- ---- -------- -------- ------ ------ TOTAL.......................... $ 1 $135,476 $113,567 $ (3) $ 1 $ 21,908 1,894 -- ======== ======== ======== ==== ======== ======== ====== ====== DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO DFA Short Term Investment Fund.......................... $ 77,381 $389,807 $409,863 $(18) $ 4 $ 57,311 4,953 $ 728 -------- -------- -------- ---- -------- -------- ------ ------ TOTAL.......................... $ 77,381 $389,807 $409,863 $(18) $ 4 $ 57,311 4,953 $ 728 ======== ======== ======== ==== ======== ======== ====== ====== DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO DFA Short Term Investment Fund.......................... $ 21,242 $433,269 $284,790 $ (8) $ 3 $169,716 14,669 -- -------- -------- -------- ---- -------- -------- ------ ------ TOTAL.......................... $ 21,242 $433,269 $284,790 $ (8) $ 3 $169,716 14,669 -- ======== ======== ======== ==== ======== ======== ====== ====== DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO DFA Short Term Investment Fund.......................... $ 55,477 $426,961 $308,167 $(24) $ 4 $174,251 15,061 $ 1 -------- -------- -------- ---- -------- -------- ------ ------ TOTAL.......................... $ 55,477 $426,961 $308,167 $(24) $ 4 $174,251 15,061 $ 1 ======== ======== ======== ==== ======== ======== ====== ====== DFA TARGETED CREDIT PORTFOLIO DFA Short Term Investment Fund.......................... $ 7,336 $100,875 $ 61,791 $ (4) -- $ 46,416 4,012 $ 269 -------- -------- -------- ---- -------- -------- ------ ------ TOTAL.......................... $ 7,336 $100,875 $ 61,791 $ (4) -- $ 46,416 4,012 $ 269 ======== ======== ======== ==== ======== ======== ====== ====== DFA INVESTMENT GRADE PORTFOLIO DFA Short Term Investment Fund.......................... $319,672 $850,497 $790,682 $(82) $ 17 $379,422 32,794 $ 2 -------- -------- -------- ---- -------- -------- ------ ------ TOTAL.......................... $319,672 $850,497 $790,682 $(82) $ 17 $379,422 32,794 $ 2 ======== ======== ======== ==== ======== ======== ====== ====== DFA DIVERSIFIED FIXED INCOME PORTFOLIO Investment in DFA Intermediate Government Fixed Income Portfolio of.................. $263,735 $ 95,611 -- -- $(11,836) $347,510 29,008 $3,053 DFA Two-Year Global Fixed Income Portfolio of........... 158,623 50,113 -- -- (1,640) 207,096 20,940 1,569 -------- -------- -------- ---- -------- -------- ------ ------ TOTAL.......................... $422,358 $145,724 -- -- $(13,476) $554,606 49,948 $4,622 ======== ======== ======== ==== ======== ======== ====== ====== DFA SHORT-DURATION REAL RETURN PORTFOLIO DFA Short Term Investment Fund.......................... $ 28,874 $227,943 $164,929 $ (8) $ 1 $ 91,881 7,941 -- -------- -------- -------- ---- -------- -------- ------ ------ TOTAL.......................... $ 28,874 $227,943 $164,929 $ (8) $ 1 $ 91,881 7,941 -- ======== ======== ======== ==== ======== ======== ====== ======
CAPITAL GAIN DISTRIBUTIONS FROM AFFILIATED INVESTMENT COMPANIES - ------------- DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO DFA Short Term Investment Fund.......................... -- ---- TOTAL.......................... -- ==== DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO DFA Short Term Investment Fund.......................... -- ---- TOTAL.......................... -- ==== DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO DFA Short Term Investment Fund.......................... -- ---- TOTAL.......................... -- ==== DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO DFA Short Term Investment Fund.......................... -- ---- TOTAL.......................... -- ==== DFA TARGETED CREDIT PORTFOLIO DFA Short Term Investment Fund.......................... -- ---- TOTAL.......................... -- ==== DFA INVESTMENT GRADE PORTFOLIO DFA Short Term Investment Fund.......................... -- ---- TOTAL.......................... -- ==== DFA DIVERSIFIED FIXED INCOME PORTFOLIO Investment in DFA Intermediate Government Fixed Income Portfolio of.................. $302 DFA Two-Year Global Fixed Income Portfolio of........... -- ---- TOTAL.......................... $302 ==== DFA SHORT-DURATION REAL RETURN PORTFOLIO DFA Short Term Investment Fund.......................... -- ---- TOTAL.......................... -- ====
228 F. FEDERAL INCOME TAXES: Each Portfolio has qualified and intends to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code for federal income tax purposes and to distribute substantially all of its taxable income and net capital gains to its shareholders. Accordingly, no provision has been made for federal income taxes. Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined under accounting principles generally accepted in the United States of America. These book/tax differences are either temporary or permanent in nature. To the extent these differences are permanent, they are charged or credited to paid-in capital, undistributed net investment income or accumulated net realized gains or losses, as appropriate, in the period that the differences arise. Accordingly, the following permanent differences as of October 31, 2017, primarily attributable to net foreign currency gains/losses, non-deductible expenses, expiration of capital loss carryovers, distribution redesignations and short term distributions from underlying RICs were reclassified to the following accounts. These reclassifications had no effect on net assets or net asset value per share (amounts in thousands):
INCREASE INCREASE (DECREASE) (DECREASE) INCREASE UNDISTRIBUTED ACCUMULATED (DECREASE) NET INVESTMENT NET REALIZED PAID-IN CAPITAL INCOME GAINS (LOSSES) --------------- -------------- -------------- DFA One-Year Fixed Income Portfolio....................... $ 2,052 $ (2,053) $ 1 DFA Two-Year Global Fixed Income Portfolio................ 766 (18,714) 17,948 DFA Selectively Hedged Global Fixed Income Portfolio...... 569 (2,970) 2,401 DFA Five-Year Global Fixed Income Portfolio............... 6,178 (35,494) 29,316 DFA World ex U.S. Government Fixed Income Portfolio....... (30,455) (13,047) 43,502 DFA Short-Term Government Portfolio....................... 562 (564) 2 DFA Intermediate Government Fixed Income Portfolio........ 1,270 (1,200) (70) DFA Short-Term Extended Quality Portfolio................. 1,443 (6,424) 4,981 DFA Intermediate-Term Extended Quality Portfolio.......... 764 (682) (82) DFA Targeted Credit Portfolio............................. 214 (591) 377 DFA Investment Grade Portfolio............................ 2,443 (7,206) 4,763 DFA Diversified Fixed Income Portfolio.................... 78 (10) (68) DFA LTIP Portfolio........................................ 26 (76) 50 DFA Inflation-Protected Securities Portfolio.............. 1,105 (1,107) 2 DFA Short-Duration Real Return Portfolio.................. -- (2,461) 2,461 DFA Municipal Real Return Portfolio....................... -- -- -- DFA Municipal Bond Portfolio.............................. -- -- -- DFA Short-Term Municipal Bond Portfolio................... -- -- -- DFA Intermediate-Term Municipal Bond Portfolio............ -- -- -- DFA California Short-Term Municipal Bond Portfolio........ -- -- -- DFA California Intermediate-Term Municipal Bond Portfolio. -- -- -- DFA NY Municipal Bond Portfolio........................... -- -- -- DFA MN Municipal Bond Portfolio........................... -- -- --
The tax character of dividends and distributions declared and paid during the years ended October 31, 2016 and October 31, 2017 were as follows (amounts in thousands):
NET INVESTMENT INCOME AND SHORT-TERM LONG-TERM TAX EXEMPT CAPITAL GAINS CAPITAL GAINS INCOME TOTAL -------------- ------------- ---------- ------- DFA One-Year Fixed Income Portfolio 2016................................ $55,296 $2,550 -- $57,846 2017................................ 75,758 403 -- 76,161
229
NET INVESTMENT INCOME AND SHORT-TERM LONG-TERM TAX EXEMPT CAPITAL GAINS CAPITAL GAINS INCOME TOTAL -------------- ------------- ---------- -------- DFA Two-Year Global Fixed Income Portfolio 2016................................................. $ 24,459 -- -- $ 24,459 2017................................................. 46,352 -- -- 46,352 DFA Selectively Hedged Global Fixed Income Portfolio 2016................................................. 10,482 -- -- 10,482 2017................................................. 16,079 -- -- 16,079 DFA Five-Year Global Fixed Income Portfolio 2016................................................. 186,372 $30,555 -- 216,927 2017................................................. 225,389 42,519 -- 267,908 DFA World ex U.S. Government Fixed Income Portfolio 2016................................................. 37,065 629 -- 37,694 2017................................................. 19,427 550 -- 19,977 DFA Short-Term Government Portfolio 2016................................................. 24,266 5,104 -- 29,370 2017................................................. 25,111 4,717 -- 29,828 DFA Intermediate Government Fixed Income Portfolio 2016................................................. 68,307 14,801 -- 83,108 2017................................................. 88,513 6,710 -- 95,223 DFA Short-Term Extended Quality Portfolio 2016................................................. 75,753 5,231 -- 80,984 2017................................................. 84,613 4 -- 84,617 DFA Intermediate-Term Extended Quality Portfolio 2016................................................. 38,250 5,135 -- 43,385 2017................................................. 46,757 2,020 -- 48,777 DFA Targeted Credit Portfolio 2016................................................. 6,004 -- -- 6,004 2017................................................. 9,264 -- -- 9,264 DFA Investment Grade Portfolio 2016................................................. 101,641 13,535 -- 115,176 2017................................................. 150,794 -- -- 150,794 DFA Diversified Fixed Income Portfolio 2016................................................. 110 -- -- 110 2017................................................. 5,141 -- -- 5,141 DFA LTIP Portfolio 2016................................................. 786 -- -- 786 2017................................................. 2,415 -- -- 2,415 DFA Inflation-Protected Securities Portfolio 2016................................................. 36,066 2,828 -- 38,894 2017................................................. 78,014 8,864 -- 86,878 DFA Short-Duration Real Return Portfolio 2016................................................. 9,645 -- -- 9,645 2017................................................. 13,087 -- -- 13,087 DFA Municipal Real Return Portfolio 2016................................................. -- -- $4,131 4,131 2017................................................. -- -- 8,396 8,396 DFA Municipal Bond Portfolio 2016................................................. -- -- 1,922 1,922 2017................................................. -- -- 3,378 3,378
230
NET INVESTMENT INCOME AND SHORT-TERM LONG-TERM TAX EXEMPT CAPITAL GAINS CAPITAL GAINS INCOME TOTAL -------------- ------------- ---------- ------- DFA Short-Term Municipal Bond Portfolio 2016...................................................... -- -- $21,005 $21,005 2017...................................................... -- -- 22,189 22,189 DFA Intermediate-Term Municipal Bond Portfolio 2016...................................................... -- -- 15,739 15,739 2017...................................................... -- -- 20,181 20,181 DFA California Short-Term Municipal Bond Portfolio 2016...................................................... -- -- 7,440 7,440 2017...................................................... -- -- 8,471 8,471 DFA California Intermediate-Term Municipal Bond Portfolio 2016...................................................... -- -- 3,364 3,364 2017...................................................... -- -- 4,115 4,115 DFA NY Municipal Bond Portfolio 2016...................................................... -- -- 487 487 2017...................................................... -- -- 796 796 DFA MN Municipal Bond Portfolio 2016...................................................... -- -- -- -- 2017...................................................... -- -- 131 131
The DFA MN Municipal Bond Portfolio commenced operations on July 25, 2017, and did not pay any distributions for the year ended October 31, 2016. The DFA California Municipal Real Return Portfolio commenced operations on November 1, 2017, and did not pay any distributions for the year ended October 31, 2016. The DFA Global Core Plus Fixed Income Portfolio commenced operations on January 11, 2018, and did not pay any distributions for the years ended October 31, 2016 and October 31, 2017. At October 31, 2017, the following net investment income and short-term capital gains and long-term capital gains distributions designated for federal income tax purposes are due to the utilization of accumulated earnings and profits distributed to shareholders upon redemption of shares (amounts in thousands):
NET INVESTMENT INCOME AND SHORT-TERM LONG-TERM CAPITAL GAINS CAPITAL GAINS TOTAL -------------- ------------- ------- DFA One-Year Fixed Income Portfolio.................. $(2,052) -- $(2,052) DFA Two-Year Global Fixed Income Portfolio........... (766) -- (766) DFA Selectively Hedged Global Fixed Income Portfolio. (569) -- (569) DFA Five-Year Global Fixed Income Portfolio.......... (5,964) $(214) (6,178) DFA World ex U.S. Government Fixed Income Portfolio.. -- -- -- DFA Short-Term Government Portfolio.................. (562) -- (562) DFA Intermediate Government Fixed Income Portfolio... (1,200) (70) (1,270) DFA Short-Term Extended Quality Portfolio............ (1,386) (57) (1,443) DFA Intermediate-Term Extended Quality Portfolio..... (681) (83) (764) DFA Targeted Credit Portfolio........................ (196) (18) (214) DFA Investment Grade Portfolio....................... (2,443) -- (2,443) DFA Diversified Fixed Income Portfolio............... (77) (1) (78) DFA LTIP Portfolio................................... (26) -- (26) DFA Inflation-Protected Securities Portfolio......... (1,105) -- (1,105) DFA Short-Duration Real Return Portfolio............. -- -- -- DFA Municipal Real Return Portfolio.................. -- -- -- DFA Municipal Bond Portfolio......................... -- -- --
231
NET INVESTMENT INCOME AND SHORT-TERM LONG-TERM CAPITAL GAINS CAPITAL GAINS TOTAL -------------- ------------- ----- DFA Short-Term Municipal Bond Portfolio................... -- -- -- DFA Intermediate-Term Municipal Bond Portfolio............ -- -- -- DFA California Short-Term Municipal Bond Portfolio........ -- -- -- DFA California Intermediate-Term Municipal Bond Portfolio. -- -- -- DFA NY Municipal Bond Portfolio........................... -- -- -- DFA MN Municipal Bond Portfolio........................... -- -- --
At October 31, 2017, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):
UNDISTRIBUTED TOTAL NET NET INVESTMENT DISTRIBUTABLE INCOME AND UNDISTRIBUTED UNREALIZED EARNINGS SHORT-TERM LONG-TERM CAPITAL LOSS APPRECIATION (ACCUMULATED CAPITAL GAINS CAPITAL GAINS CARRYFORWARDS (DEPRECIATION) LOSSES) -------------- ------------- ------------- -------------- ------------- DFA One-Year Fixed Income Portfolio........ $ 398 -- $ (3,162) $(10,506) $(13,270) DFA Two-Year Global Fixed Income Portfolio................................ 35,430 -- (7,424) (16,527) 11,479 DFA Selectively Hedged Global Fixed Income Portfolio......................... 16,780 -- (78,906) (495) (62,621) DFA Five-Year Global Fixed Income Portfolio................................ 115,063 $9,217 -- (24,212) 100,068 DFA World ex U.S. Government Fixed Income Portfolio......................... -- -- (171) 26,484 26,313 DFA Short-Term Government Portfolio........ 2,637 -- (294) (17,066) (14,723) DFA Intermediate Government Fixed Income Portfolio................................ 9,396 4,998 -- (12,172) 2,222 DFA Short-Term Extended Quality Portfolio................................ 14,683 4,054 -- 1,180 19,917 DFA Intermediate-Term Extended Quality Portfolio................................ 479 5,639 -- 12,162 18,280 DFA Targeted Credit Portfolio.............. 1,558 906 -- 543 3,007 DFA Investment Grade Portfolio............. 27,512 -- (2,725) 30,614 55,401 DFA Diversified Fixed Income Portfolio..... 254 98 -- (2,426) (2,074) DFA LTIP Portfolio......................... 359 -- (387) 2,029 2,001 DFA Inflation-Protected Securities Portfolio................................ 11,501 -- (980) 54,202 64,723 DFA Short-Duration Real Return Portfolio... 16,201 -- (16,329) 3,680 3,552 DFA Municipal Real Return Portfolio........ 163 -- (2,664) 10,882 8,381 DFA Municipal Bond Portfolio............... 69 -- (28) 1,661 1,702 DFA Short-Term Municipal Bond Portfolio.... 418 -- (106) 6,385 6,697 DFA Intermediate-Term Municipal Bond Portfolio................................ 395 -- (104) 18,855 19,146 DFA California Short-Term Municipal Bond Portfolio................................ 134 -- (23) 4,398 4,509 DFA California Intermediate-Term Municipal Bond Portfolio........................... 82 -- (8) 5,238 5,312 DFA NY Municipal Bond Portfolio............ 15 -- (1) 705 719 DFA MN Municipal Bond Portfolio............ 5 -- -- (299) (294)
For federal income tax purposes, the Fund measures its capital loss carryforwards annually at October 31, its fiscal year end. Capital loss carryforwards may be carried forward and applied against future capital gains. Under 232 the Regulated Investment Company Modernization Act of 2010, capital losses incurred by these Portfolios after October 31, 2011 will not be subject to expiration and will retain their character as either short-term or long-term capital losses. In addition, such losses must be utilized prior to the losses incurred in the years preceding enactment. As of October 31, 2017, the Portfolios had the following capital loss carryforwards available to offset future realized capital gains through October 31 of the indicated expiration dates, as applicable (amounts in thousands):
2018 2019 UNLIMITED TOTAL ---- ---- --------- ------- DFA One-Year Fixed Income Portfolio....................... -- -- $ 3,162 $ 3,162 DFA Two-Year Global Fixed Income Portfolio................ -- -- 7,424 7,424 DFA Selectively Hedged Global Fixed Income Portfolio...... -- -- 78,906 78,906 DFA Five-Year Global Fixed Income Portfolio............... -- -- -- -- DFA World ex U.S. Government Fixed Income Portfolio....... -- -- 171 171 DFA Short-Term Government Portfolio....................... -- -- 294 294 DFA Intermediate Government Fixed Income Portfolio........ -- -- -- -- DFA Short-Term Extended Quality Portfolio................. -- -- -- -- DFA Intermediate-Term Extended Quality Portfolio.......... -- -- -- -- DFA Targeted Credit Portfolio............................. -- -- -- -- DFA Investment Grade Portfolio............................ -- -- 2,725 2,725 DFA Diversified Fixed Income Portfolio.................... -- -- -- -- DFA LTIP Portfolio........................................ -- -- 387 387 DFA Inflation-Protected Securities Portfolio.............. -- -- 980 980 DFA Short-Duration Real Return Portfolio.................. -- -- 16,329 16,329 DFA Municipal Real Return Portfolio....................... -- -- 2,664 2,664 DFA Municipal Bond Portfolio.............................. -- -- 28 28 DFA Short-Term Municipal Bond Portfolio................... -- $ 3 103 106 DFA Intermediate-Term Municipal Bond Portfolio............ -- -- 104 104 DFA California Short-Term Municipal Bond Portfolio........ $ 1 3 19 23 DFA California Intermediate-Term Municipal Bond Portfolio. -- -- 8 8 DFA NY Municipal Bond Portfolio........................... -- -- 1 1 DFA MN Municipal Bond Portfolio........................... -- -- -- --
During the year ended October 31, 2017, the Portfolios utilized the following capital loss carryforwards to offset realized capital gains for federal income tax purposes (amounts in thousands): DFA Short-Term Extended Quality Portfolio................. $ 612 DFA Targeted Credit Portfolio............................. 121 DFA Investment Grade Portfolio............................ 4,492 DFA California Intermediate-Term Municipal Bond Portfolio. 2
At April 30, 2018, the total cost and aggregate gross unrealized appreciation (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes, as follows (amounts in thousands):
NET UNREALIZED FEDERAL UNREALIZED UNREALIZED APPRECIATION TAX COST APPRECIATION DEPRECIATION (DEPRECIATION) ----------- ------------ ------------ -------------- DFA One-Year Fixed Income Portfolio......... $ 8,445,203 $ 1,071 $ (42,224) $(41,153) DFA Two-Year Global Fixed Income Portfolio.. 5,574,716 2,993 (55,430) (52,437) DFA Selectively Hedged Global Fixed Income Portfolio................................. 1,193,587 16,288 (17,364) (1,076) DFA Five-Year Global Fixed Income Portfolio. 14,737,994 199,494 (289,000) (89,506)
233
NET UNREALIZED FEDERAL UNREALIZED UNREALIZED APPRECIATION TAX COST APPRECIATION DEPRECIATION (DEPRECIATION) ---------- ------------ ------------ -------------- DFA World ex U.S. Government Fixed Income Portfolio. $ 989,369 $48,100 $ (7,183) $ 40,917 DFA Short-Term Government Portfolio................. 2,333,298 -- (56,863) (56,863) DFA Intermediate Government Fixed Income Portfolio.. 4,984,809 9,897 (199,604) (189,707) DFA Short-Term Extended Quality Portfolio........... 6,089,108 31,736 (114,285) (82,549) DFA Intermediate-Term Extended Quality Portfolio.... 2,078,093 285 (78,812) (78,527) DFA Targeted Credit Portfolio....................... 636,853 2,852 (12,038) (9,186) DFA Global Core Plus Fixed Income Portfolio......... 417,036 6,500 (9,045) (2,545) DFA Investment Grade Portfolio...................... 9,026,370 7,664 (289,719) (282,055) DFA Diversified Fixed Income Portfolio.............. 712,007 -- (17,718) (17,718) DFA LTIP Portfolio.................................. 171,949 2,818 (942) 1,876 DFA Inflation-Protected Securities Portfolio........ 4,632,174 30,645 (60,917) (30,272) DFA Short-Duration Real Return Portfolio............ 1,350,406 18,378 (23,631) (5,253) DFA Municipal Real Return Portfolio................. 791,943 19,403 (19,282) 121 DFA California Municipal Real Return Portfolio...... 79,993 866 (1,606) (740) DFA Municipal Bond Portfolio........................ 415,265 26 (6,259) (6,233) DFA Short-Term Municipal Bond Portfolio............. 2,546,095 39 (15,221) (15,182) DFA Intermediate-Term Municipal Bond Portfolio...... 1,752,341 3,126 (24,267) (21,141) DFA California Short-Term Municipal Bond Portfolio.. 1,078,188 314 (4,974) (4,660) DFA California Intermediate-Term Municipal Bond Portfolio......................................... 397,009 1,415 (4,345) (2,930) DFA NY Municipal Bond Portfolio..................... 92,991 8 (608) (600) DFA MN Municipal Bond Portfolio..................... 67,643 -- (1,661) (1,661)
The difference between GAAP-basis and tax basis unrealized gains (losses) is attributable primarily to wash sales and net mark to market gains (losses) on regulated futures contracts, net mark-to-market gain/loss on foreign currency contracts, and differences in the tax treatment of passive foreign investment company investments. ASC 740 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES sets forth a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Management has analyzed the Portfolios' tax positions and has concluded that no additional provision for income tax is required in the Portfolios' financial statements. The Portfolios are not aware of any tax positions for which it is more likely than not that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Portfolios' federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service. G. FINANCIAL INSTRUMENTS: In accordance with the Portfolios' investment objectives and policies, the Portfolios may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below: 1. FOREIGN MARKET RISKS: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States of America. Consequently, acquisition and disposition of international securities held by the Portfolios may be inhibited. 2. INFLATION PROTECTION RISKS: Because the interest and/or principal payments on an inflation-protected security are adjusted periodically for changes in inflation, the income distributed by the DFA Diversified Fixed Income Portfolio, DFA LTIP Portfolio, DFA Inflation-Protected Securities Portfolio, DFA Short-Duration Real Return 234 Portfolio and DFA Municipal Real Return Portfolio may be irregular. Although the U.S. Treasury guarantees to pay at least the original face value of any inflation-protected securities the Treasury issues, other issuers may not offer the same guarantee. Also, inflation-protected securities, including those issued by the U.S. Treasury, are not protected against deflation. As a result, in a period of deflation, the principal and income of inflation-protected securities held by a Portfolio will decline and the Portfolio may suffer a loss during such periods. While inflation-protected securities are expected to be protected from long-term inflationary trends, short-term increases in inflation may lead to a decline in a Portfolio's value. For example, if interest rates rise due to reasons other than inflation, Portfolio's investment in these securities may not be protected to the extent that the increase is not reflected in the securities' inflation measures. In addition, positive adjustments to principal generally will result in taxable income to a Portfolio at the time of such adjustments (which generally would be distributed by the Portfolio as part of its taxable dividends), even though the principal amount is not paid until maturity. The current market value of inflation-protected securities is not guaranteed and will fluctuate. DERIVATIVE FINANCIAL INSTRUMENTS: Summarized below are the specific types of derivative instruments used by Portfolios. 3. FORWARD CURRENCY CONTRACTS: The International Fixed Income Portfolios listed below may acquire and sell forward currency contracts to hedge against adverse changes in the relationship of the U.S. dollar to foreign currencies (foreign exchange rate risk). The decision to hedge a Portfolio's currency exposure with respect to a foreign market will be based primarily on the Portfolio's existing exposure to a given foreign currency. Each contract is valued daily and the change in value is recorded by the Portfolio as an unrealized gain or loss, which is presented in the Statement of Operations as the change in unrealized appreciation or depreciation from translation of foreign-currency-denominated amounts. When the contract is closed or offset with the same counterparty, the Portfolio records a realized gain or loss equal to the change in the value of the contract when it was opened and the value at the time it was closed or offset. This is presented in the Statement of Operations as a net realized gain or loss on foreign currency transactions. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currency relative to the U.S. dollar. 4. SWAP AGREEMENTS: The International Fixed Income Portfolios noted below may enter into inflation swap agreements to seek inflation protection. Inflation swap agreements are contracts in which one party agrees to pay the cumulative percentage increase in a price index (the Consumer Price Index with respect to CPI swaps) over the term of the swap (with some lag on the inflation index), and the other pays a compounded fixed rate. Inflation swap agreements may be used by the International Fixed Income Portfolios to hedge the inflation risk in nominal bonds (i.e. non-inflation indexed bonds) thereby creating "synthetic" inflation-indexed bonds. Among other reasons, one factor that may lead to changes in the values of inflation swap agreements are changes in real interest rates. Real interest rates are tied to the relationship between nominal interest rates and the rate of inflation. If nominal interest rates increase at a faster rate than inflation, real interest rates may rise, which may lead to a change in the value of an inflation swap agreement. Additionally, payments received by the International Fixed Income Portfolios from inflation swap agreements will result in taxable income, either as ordinary income or capital gains, which will increase the amount of taxable distributions received by shareholders. The Advisor and the Fund do not believe that a Portfolio's obligations under swap contracts are senior securities and, accordingly, the Portfolio will not treat them as being subject to the Portfolio's borrowing or senior securities restrictions. Most swap agreements entered into by the Portfolio will calculate the obligations of the parties to the agreement on a "net" basis, which means that the two payment streams are netted out, with the Portfolio receiving or paying, as the case may be, only the net amount of the two payments. The Portfolio's current obligations under a swap agreement will be accrued daily (offset against any amounts owed to the Portfolio) and any accrued but unpaid net amounts owed to a swap counterparty will be covered by the segregation of assets determined to be liquid to avoid any potential leveraging of the Portfolio's portfolio. To the extent that a Portfolio cannot dispose of a swap in the ordinary course of business within seven days at approximately the value at which the Portfolio has valued the swap, the Portfolio will treat the swap as illiquid and subject to its overall limit on illiquid investments of 15% of the Portfolio's net assets. Inflation swap agreements are not currently subject to mandatory central clearing and exchange-trading. 235 Uncleared swaps are typically executed bilaterally with a swap dealer rather than traded on exchanges. Parties to uncleared swaps face greater counterparty credit risk than those engaging in cleared swaps since performance of uncleared swap obligations is the responsibility only of the swap counterparty rather than a clearing house, as is the case with cleared swaps. As a result, a Portfolio bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default, insolvency or bankruptcy of a swap agreement counterparty beyond any collateral received. In such an event, the Portfolio will have contractual remedies pursuant to the swap agreements, but bankruptcy and insolvency laws could affect the Portfolio's rights as a creditor. The average volume (based on the open positions at each fiscal month-end) of derivative activity for the six months ended April 30, 2018 (amounts in thousands):
FORWARD CURRENCY SWAP CONTRACTS CONTRACTS --------- --------- DFA Two-Year Global Fixed Income Portfolio........... 1,244,926 -- DFA Selectively Hedged Global Fixed Income Portfolio. 457,642 -- DFA Five-Year Global Fixed Income Portfolio.......... 7,255,754 -- DFA World ex U.S. Government Fixed Income Portfolio.. 1,054,076 -- DFA Short-Term Extended Quality Portfolio............ 961,406 -- DFA Targeted Credit Portfolio........................ 100,289 -- DFA Global Core Plus Fixed Income Portfolio.......... 128,509 -- DFA Investment Grade Portfolio....................... 177,208 -- DFA Short-Duration Real Return Portfolio............. 230,560 1,174,714 DFA Municipal Real Return Portfolio.................. -- 759,286 DFA California Municipal Real Return Portfolio....... -- 49,714
The following is a summary of the location of derivatives on the Portfolios' Statements of Assets and Liabilities as of April 30, 2018: LOCATION ON THE STATEMENTS OF ASSETS AND LIABILITIES --------------------------------------------------- DERIVATIVE TYPE ASSET DERIVATIVES LIABILITY DERIVATIVES --------------- ------------------------ ------------------------ Forward currency Unrealized Gain on Unrealized Loss on contracts Forward Currency Forward Currency Contracts Contracts Inflation swap contracts Unrealized Gain on Swap Unrealized Loss on Swap Contracts Contracts The following is a summary of the Portfolios' derivative instrument holdings categorized by primary risk exposure as of April 30, 2018 (amounts in thousands):
ASSET DERIVATIVES VALUE ---------------------------------- TOTAL VALUE FORWARD AT CURRENCY SWAP APRIL 30, 2018 CONTRACTS CONTRACTS - -------------- --------- --------- DFA Two-Year Global Fixed Income Portfolio........... $ 20,373 $ 20,373 -- DFA Selectively Hedged Global Fixed Income Portfolio. 9,592 9,592 -- DFA Five-Year Global Fixed Income Portfolio.......... 198,389 198,389 -- DFA World ex U.S. Government Fixed Income Portfolio.. 23,048 23,048 -- DFA Short-Term Extended Quality Portfolio............ 34,284 34,284 -- DFA Targeted Credit Portfolio........................ 1,766 1,766 -- DFA Global Core Plus Fixed Income Portfolio.......... 6,335 6,335 -- DFA Investment Grade Portfolio....................... 6,409 6,409 -- DFA Short-Duration Real Return Portfolio............. 20,269 4,385 $15,884 DFA Municipal Real Return Portfolio.................. 19,291 -- 19,291 DFA California Municipal Real Return Portfolio....... 864 -- 864
236
LIABILITY DERIVATIVES VALUE - --------------------------------- TOTAL VALUE FORWARD AT CURRENCY SWAP APRIL 30, 2018 CONTRACTS CONTRACTS -------------- --------- --------- DFA Two-Year Global Fixed Income Portfolio.......... $ (276) $ (276) -- DFA Five-Year Global Fixed Income Portfolio......... (2,236) (2,236) -- DFA World ex U.S. Government Fixed Income Portfolio. (241) (241) -- DFA Short-Term Extended Quality Portfolio........... (942) (942) -- DFA Global Core Plus Fixed Income Portfolio......... (2) (2) -- DFA Short-Duration Real Return Portfolio............ (1,129) -- $(1,129)
The following is a summary of the location on the Portfolios' Statements of Operations of realized and change in unrealized gains and losses from the Portfolios' derivative instrument holdings through the six months ended April 30, 2018: DERIVATIVE TYPE LOCATION OF GAIN (LOSS) ON DERIVATIVES --------------- -------------------------------------- Forward Currency contracts Net Realized Gain (Loss) on: Forward Currency Transactions Change in Unrealized Appreciation (Depreciation) of: Translation of Foreign Currency Denominated Amounts Inflation Swap contracts Net Realized Gain (Loss) on: Swap Contracts Change in Unrealized Appreciation (Depreciation) of: Swap Contracts The following is a summary of the realized and change in unrealized gains and losses from the Portfolios' derivative instrument holdings categorized by primary risk exposure for the six months ended April 30, 2018 (amounts in thousands):
REALIZED GAIN (LOSS) ON DERIVATIVES ----------------------------- FORWARD CURRENCY SWAP TOTAL CONTRACTS CONTRACTS -------- --------- --------- DFA Two-Year Global Fixed Income Portfolio........... $ 10,272 $ 10,272 -- DFA Selectively Hedged Global Fixed Income Portfolio. (6,289) (6,289) -- DFA Five-Year Global Fixed Income Portfolio.......... (79,891) (79,891) -- DFA World ex U.S. Government Fixed Income Portfolio.. (29,817) (29,817) -- DFA Short-Term Extended Quality Portfolio............ (1,817) (1,817) -- DFA Targeted Credit Portfolio........................ (2,448) (2,448) -- DFA Global Core Plus Fixed Income Portfolio.......... 59 59 -- DFA Investment Grade Portfolio....................... (432) (432) -- DFA Short-Duration Real Return Portfolio............. 1,705 1,421 $284 DFA Municipal Real Return Portfolio.................. 23 -- 23 CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) ON DERIVATIVES ----------------------------- FORWARD CURRENCY SWAP TOTAL CONTRACTS CONTRACTS -------- --------- --------- DFA Two-Year Global Fixed Income Portfolio........... $ (6,652) $ (6,652) -- DFA Selectively Hedged Global Fixed Income Portfolio. 12,169 12,169 -- DFA Five-Year Global Fixed Income Portfolio.......... 121,553 121,553 -- DFA World ex U.S. Government Fixed Income Portfolio.. 12,530 12,530 -- DFA Short-Term Extended Quality Portfolio............ 24,176 24,176 -- DFA Targeted Credit Portfolio........................ 910 910 --
237
CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) ON DERIVATIVES ------------------------------ FORWARD CURRENCY SWAP TOTAL CONTRACTS CONTRACTS ------- --------- --------- DFA Global Core Plus Fixed Income Portfolio.... $ 6,333 $6,333 -- DFA Investment Grade Portfolio................. 4,183 4,183 -- DFA Short-Duration Real Return Portfolio....... 11,344 767 $10,577 DFA Municipal Real Return Portfolio............ 11,472 -- 11,472 DFA California Municipal Real Return Portfolio. 864 -- 864
OFFSETTING OF DERIVATIVE ASSETS AND DERIVATIVE LIABILITIES In order to better define its contractual rights and to secure rights that will help the Fund mitigate its counterparty risk, the Fund entered into an International Swaps and Derivatives Association, Inc. Master Agreement (ISDA Master Agreement) or a similar agreement with certain of its derivative contract counterparties. An ISDA Master Agreement is a bilateral agreement between the Fund and a counterparty that governs over-the-counter (OTC) derivatives and forward currency contracts and typically contains, among other things, provisions in the event of a default and/or termination event and may also include collateral posting items. Under an ISDA Master Agreement, the Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments' payables and/or receivables with collateral held and/or posted, if any, and create one single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out), including the bankruptcy or insolvency of the counterparty. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset in bankruptcy, insolvency, or other events. For financial reporting purposes, the Fund does not offset derivative assets and derivative liabilities that are subject to netting arrangements in the "Statement of assets and liabilities." The Portfolios are subject to master netting agreements ("MNA") with certain counterparties which govern the terms of derivative transactions and reduce the counterparty risk associated with such transactions by specifying offsetting mechanisms and collateral posting arrangements at pre-arranged exposure levels. Since different types of transactions have different mechanics and are sometimes traded out of different legal entities of a particular counterparty organization, each type of transaction may be covered by a different MNA, possibly resulting in the need for multiple agreements with a single counterparty. As the MNA's are specific to unique operations of different asset types, they allow each Portfolio to close out and net its total exposure to a counterparty in the event of a default with respect to all the transactions governed under a single MNA with a counterparty. Certain MNA's contain provisions which allow for the net settlement of receivable and payable positions with the same counterparty if defined conditions are met. 238 The following table presents the Portfolios' gross and net amount of assets and liabilities available for offset under netting arrangements as well as any related collateral received or pledged by the Portfolios as of April 30, 2018 (Amounts in thousands):
NET NET AMOUNTS AMOUNTS OF GROSS AMOUNTS NOT OF GROSS AMOUNTS NOT ASSETS OFFSET IN THE LIABILITIES OFFSET IN THE PRESENTED STATEMENTS OF ASSETS PRESENTED STATEMENTS OF ASSETS GROSS IN THE AND LIABILITIES GROSS IN THE AND LIABILITIES AMOUNTS OF STATEMENTS ---------------------- AMOUNTS OF STATEMENTS ---------------------- RECOGNIZED OF ASSETS FINANCIAL CASH NET RECOGNIZED OF ASSETS FINANCIAL CASH NET ASSETS AND INSTRUMENTS COLLATERAL AMOUNT LIABILITIES AND INSTRUMENTS COLLATERAL AMOUNT DESCRIPTION (A) LIABILITIES (B) RECEIVED (C) (A) LIABILITIES (D) PLEDGED (E) ----------- ---------- ----------- ----------- ---------- -------- ----------- ----------- ----------- ---------- ------ ASSETS LIABILITIES ------------------------------------------------------ ----------------------------------------------------- DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO Bank of America Corp.............. $ 1,533 $ 1,533 $ (12) -- $ 1,521 $ 12 $ 12 $ (12) -- -- Citibank, N.A...... 117 117 (117) -- -- 232 232 (117) -- $115 HSBC Bank.......... 3,384 3,384 -- -- 3,384 -- -- -- -- -- JP Morgan.......... 4,396 4,396 -- -- 4,396 -- -- -- -- -- Morgan Stanley..... 1,511 1,511 -- -- 1,511 -- -- -- -- -- State Street Bank and Trust......... 6,771 6,771 -- -- 6,771 -- -- -- -- -- UBS AG............. 2,661 2,661 (32) -- 2,629 32 32 (32) -- -- -------- -------- ------- -- -------- ------ ------ ------- -- ---- $ 20,373 $ 20,373 $ (161) -- $ 20,212 $ 276 $ 276 $ (161) -- $115 ======== ======== ======= == ======== ====== ====== ======= == ==== DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO Bank of America Corp.............. $ 15 $ 15 -- -- $ 15 -- -- -- -- -- Citibank, N.A...... 281 281 -- -- 281 -- -- -- -- -- State Street Bank and Trust......... 9,296 9,296 -- -- 9,296 -- -- -- -- -- -------- -------- ------- -- -------- ------ ------ ------- -- ---- $ 9,592 $ 9,592 -- -- $ 9,592 -- -- -- -- -- ======== ======== ======= == ======== ====== ====== ======= == ==== DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO ANZ Securities..... $ 3,518 $ 3,518 -- -- $ 3,518 -- -- -- -- -- Bank of America Corp.............. 11,793 11,793 $ (650) -- 11,143 $ 650 $ 650 $ (650) -- -- Barclays Capital... 10,041 10,041 (17) -- 10,024 17 17 (17) -- -- Citibank, N.A...... 27,792 27,792 (755) -- 27,037 755 755 (755) -- -- HSBC Bank.......... 3,072 3,072 (241) -- 2,831 241 241 (241) -- -- JP Morgan.......... 23,933 23,933 (195) -- 23,738 195 195 (195) -- -- Morgan Stanley and Co. International..... 12,525 12,525 (35) -- 12,490 35 35 (35) -- -- National Australia Bank Ltd.......... 6,658 6,658 -- -- 6,658 -- -- -- -- -- State Street Bank and Trust......... 59,824 59,824 (319) -- 59,505 319 319 (319) -- -- UBS AG............. 39,233 39,233 (24) -- 39,209 24 24 (24) -- -- -------- -------- ------- -- -------- ------ ------ ------- -- ---- $198,389 $198,389 $(2,236) -- $196,153 $2,236 $2,236 $(2,236) -- -- ======== ======== ======= == ======== ====== ====== ======= == ====
239
NET NET AMOUNTS AMOUNTS OF GROSS AMOUNTS NOT OF GROSS AMOUNTS NOT ASSETS OFFSET IN THE LIABILITIES OFFSET IN THE PRESENTED STATEMENTS OF ASSETS PRESENTED STATEMENTS OF ASSETS GROSS IN THE AND LIABILITIES GROSS IN THE AND LIABILITIES AMOUNTS OF STATEMENTS ---------------------- AMOUNTS OF STATEMENTS ---------------------- RECOGNIZED OF ASSETS FINANCIAL CASH NET RECOGNIZED OF ASSETS FINANCIAL CASH ASSETS AND INSTRUMENTS COLLATERAL AMOUNT LIABILITIES AND INSTRUMENTS COLLATERAL DESCRIPTION (A) LIABILITIES (B) RECEIVED (C) (A) LIABILITIES (D) PLEDGED ----------- ---------- ----------- ----------- ---------- ------- ----------- ----------- ----------- ---------- ASSETS LIABILITIES ----------------------------------------------------- ---------------------------------------------- DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO Bank of America Corp................. $ 124 $ 124 -- -- $ 124 -- -- -- -- Citibank, N.A......... 2,208 2,208 -- -- 2,208 -- -- -- -- JP Morgan............. 979 979 $(198) -- 781 $198 $198 $(198) -- State Street Bank and Trust................ 12,219 12,219 -- -- 12,219 -- -- -- -- UBS AG................ 7,518 7,518 (43) -- 7,475 43 43 (43) -- ------- ------- ----- -- ------- ---- ---- ----- -- $23,048 $23,048 $(241) -- $22,807 $241 $241 $(241) -- ======= ======= ===== == ======= ==== ==== ===== == DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO Bank of America Corp................. $ 3,486 $ 3,486 $(406) -- $ 3,080 $406 $406 $(406) -- Citibank N.A.......... -- -- -- -- -- 536 536 -- -- Citibank, N.A......... 8,578 8,578 -- -- 8,578 -- -- -- -- JP Morgan............. 9,991 9,991 -- -- 9,991 -- -- -- -- State Street Bank and Trust................ 12,229 12,229 -- -- 12,229 -- -- -- -- ------- ------- ----- -- ------- ---- ---- ----- -- $34,284 $34,284 $(406) -- $33,878 $942 $942 $(406) -- ======= ======= ===== == ======= ==== ==== ===== == DFA TARGETED CREDIT PORTFOLIO Citibank, N.A......... $ 320 $ 320 -- -- $ 320 -- -- -- -- State Street Bank and Trust................ 1,446 1,446 -- -- 1,446 -- -- -- -- ------- ------- ----- -- ------- ---- ---- ----- -- $ 1,766 $ 1,766 -- -- $ 1,766 -- -- -- -- ======= ======= ===== == ======= ==== ==== ===== == DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO Citibank, N.A......... $ 565 $ 565 $ (2) -- $ 563 $ 2 $ 2 $ (2) -- State Street Bank and Trust................ 5,770 5,770 -- -- 5,770 -- -- -- -- ------- ------- ----- -- ------- ---- ---- ----- -- $ 6,335 $ 6,335 $ (2) -- $ 6,333 $ 2 $ 2 $ (2) -- ======= ======= ===== == ======= ==== ==== ===== == DFA INVESTMENT GRADE PORTFOLIO JP Morgan............. $ 438 $ 438 -- -- $ 438 -- -- -- -- State Street Bank and Trust................ 5,971 5,971 -- -- 5,971 -- -- -- -- ------- ------- ----- -- ------- ---- ---- ----- -- $ 6,409 $ 6,409 -- -- $ 6,409 -- -- -- -- ======= ======= ===== == ======= ==== ==== ===== ==
NET AMOUNT DESCRIPTION (E) ----------- ------ ------- DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO Bank of America Corp................. -- Citibank, N.A......... -- JP Morgan............. -- State Street Bank and Trust................ -- UBS AG................ -- ---- -- ==== DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO Bank of America Corp................. -- Citibank N.A.......... $536 Citibank, N.A......... -- JP Morgan............. -- State Street Bank and Trust................ -- ---- $536 ==== DFA TARGETED CREDIT PORTFOLIO Citibank, N.A......... -- State Street Bank and Trust................ -- ---- -- ==== DFA GLOBAL CORE PLUS FIXED INCOME PORTFOLIO Citibank, N.A......... -- State Street Bank and Trust................ -- ---- -- ==== DFA INVESTMENT GRADE PORTFOLIO JP Morgan............. -- State Street Bank and Trust................ -- ---- -- ====
240
NET NET AMOUNTS AMOUNTS OF GROSS AMOUNTS NOT OF GROSS AMOUNTS NOT ASSETS OFFSET IN THE LIABILITIES OFFSET IN THE PRESENTED STATEMENTS OF ASSETS PRESENTED STATEMENTS OF ASSETS GROSS IN THE AND LIABILITIES GROSS IN THE AND LIABILITIES AMOUNTS OF STATEMENTS ---------------------- AMOUNTS OF STATEMENTS ---------------------- RECOGNIZED OF ASSETS FINANCIAL CASH NET RECOGNIZED OF ASSETS FINANCIAL CASH NET ASSETS AND INSTRUMENTS COLLATERAL AMOUNT LIABILITIES AND INSTRUMENTS COLLATERAL AMOUNT DESCRIPTION (A) LIABILITIES (B) RECEIVED (C) (A) LIABILITIES (D) PLEDGED (E) ----------- ---------- ----------- ----------- ---------- -------- ----------- ----------- ----------- ---------- ------ ASSETS LIABILITIES ------------------------------------------------------ ----------------------------------------------------- DFA SHORT-DURATION REAL RETURN PORTFOLIO Barclays Capital... $ 2,267 $ 2,267 -- -- $ 2,267 -- -- -- -- -- Citibank, N.A...... 7,776 7,776 -- -- 7,776 -- -- -- -- -- Bank of America Corp.............. 4,069 4,069 $ (157) -- 3,912 $ 157 $ 157 $ (157) -- -- Credit Suisse...... 99 99 -- -- 99 -- -- -- -- -- Deutsche Bank AG................ 1,161 1,161 -- -- 1,161 -- -- -- -- -- Deutsche Bank AG, London Branch..... 4,897 4,897 (972) -- 3,925 972 972 (972) -- -- ------- ------- ------- -- -------- ------ ------ ------- -- -- $20,269 $20,269 $(1,129) -- $(19,140) $1,129 $1,129 $(1,129) -- -- ======= ======= ======= == ======== ====== ====== ======= == == DFA MUNICIPAL REAL RETURN PORTFOLIO Bank of America Corp.............. $ 8,810 $ 8,810 -- -- $ 8,810 -- -- -- -- -- Citibank, N.A...... 10,481 10,481 -- -- 10,481 -- -- -- -- -- ------- ------- ------- -- -------- ------ ------ ------- -- -- $19,291 $19,291 -- -- $ 19,291 -- -- -- -- -- ======= ======= ======= == ======== ====== ====== ======= == ==
(a)No amounts have been netted against the gross amounts recognized in the Statements of Assets and Liabilities. (b)Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar agreements that management elects not to offset on the Statements of Assets and Liabilities. (c)Represents the net amount due from counterparties in the event of default. (d)Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar agreements that management elects not to offset on the Statements of Assets and Liabilities. (e)Represents the net amount due to counterparties in the event of default. Note I contains information regarding securities lending amounts that are subject to netting arrangements. H. LINE OF CREDIT AND INTERFUND LENDING PROGRAM: The Fund, together with other Dimensional-advised portfolios, has entered into a $500 million uncommitted, unsecured discretionary line of credit effective March 28, 2018, with its domestic custodian bank. A line of credit with similar terms was in effect through March 28, 2018. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $500 million in the aggregate. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The agreement for the line of credit expires on March 27, 2019. The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 5, 2018. A line of credit with similar terms was in effect through January 5, 2018. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The line of credit agreement expires on January 4, 2019. 241 The Portfolios did not utilize the lines of credit during the six months ended April 30, 2018. Pursuant to an exemptive order issued by the SEC (the "Order"), the Portfolios may participate in an interfund lending program among certain portfolios managed by the Advisor. The program allows the participating portfolios to borrow money from and loan money to each other for temporary or emergency purposes, subject to the conditions in the Order. A loan can only be made through the program if the interfund loan rate on that day is more favorable to both the borrowing and lending portfolios as compared to rates available through short-term bank loans or investments in overnight repurchase agreements and money market funds, respectively, as detailed in the Order. Further, a portfolio may participate in the program only if and to the extent that such participation is consistent with its investment objectives and limitations. Interfund loans have a maximum duration of seven days and may be called on one business day's notice. The Portfolios did not utilize the interfund lending program during the six months ended April 30, 2018. I. SECURITIES LENDING: As of April 30, 2018, some of the Portfolios had securities on loan to brokers/dealers, for which each such Portfolio received cash collateral. The non-cash collateral includes short and/or long term U.S. Treasuries and U.S. government agency securities as follows (amount in thousands):
MARKET VALUE ------ DFA One-Year Fixed Income Portfolio. $3,676
Each Portfolio with securities on loan invests the cash collateral, as described below, and records a liability for the return of the collateral, during the period the securities are on loan. Loans of securities are expected at all times to be secured by collateral in an amount (i) equal to at least 100% of the current market value of the loaned securities with respect to securities of the U.S. government or its agencies, (ii) generally equal to 102% of the current market value of the loaned securities with respect to U.S. securities, and (iii) generally equal to 105% of the current market value of the loaned securities with respect to foreign securities. However, daily market fluctuations could cause the Portfolios' collateral to be lower or higher than the expected thresholds. If this were to occur, the collateral would be adjusted the next business day to ensure adequate collateralization. In the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings. If the borrower fails to return loaned securities, and cash collateral being maintained by the borrower is insufficient to cover the value of loaned securities and provided such collateral insufficiency is not the result of investment losses, the lending agent has agreed to pay the amount of the shortfall to the Portfolio or, at the option of the lending agent, to replace the securities. In the event of the bankruptcy of the borrower, a Portfolio could experience delay in recovering the loaned securities or only recover cash or a security of equivalent value. Subject to their stated investment policies, the Portfolios with securities on loan will generally invest the cash collateral received for the loaned securities in the Money Market Series, an affiliated registered money market fund advised by the Advisor for which the Advisor receives a management fee of 0.05% of the average daily net assets of the Money Market Series. Income received from the Money Market Series is netted with fees for securities lending and collateral investment expenses, and other payments to and from borrowers of securities. Such Portfolios also may invest the cash collateral received for the loaned securities in securities of the U.S. government or its agencies, repurchase agreements collateralized by securities of the U.S. government or its agencies, and affiliated and unaffiliated registered and unregistered money market funds. For purposes of this paragraph, agencies include both agency debentures and agency mortgage-backed securities. In addition, each Portfolio with securities on loan will be able to terminate the loan at any time and will receive reasonable interest on the loan, as well as amounts equal to any dividends, interest or other distributions on the loaned securities. However, dividend income received from loaned securities may not be eligible to be taxed at qualified dividend income rates. 242 The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of April 30, 2018:
REMAINING CONTRACTUAL MATURITY OF THE AGREEMENTS AS OF APRIL 30, 2018 --------------------------------------------------------- OVERNIGHT AND BETWEEN CONTINUOUS <30 DAYS 30 & 90 DAYS >90 DAYS TOTAL - ------------- -------- ------------ -------- ------------ SECURITIES LENDING TRANSACTIONS DFA ONE-YEAR FIXED INCOME PORTFOLIO Agency Obligations, Bonds, U.S. Treasury Obligations. $378,846,334 -- -- -- $378,846,334 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO Agency Obligations, Bonds............................ 170,005,749 -- -- -- 170,005,749 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO Bonds................................................ 21,907,864 -- -- -- 21,907,864 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO Bonds................................................ 57,311,297 -- -- -- 57,311,297 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO Agency Obligations, Bonds............................ 169,716,042 -- -- -- 169,716,042 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO Bonds................................................ 174,250,875 -- -- -- 174,250,875 DFA TARGETED CREDIT PORTFOLIO Bonds................................................ 46,416,474 -- -- -- 46,416,474 DFA INVESTMENT GRADE PORTFOLIO Agency Obligations, Bonds, U.S. Treasury Obligations. 379,422,475 -- -- -- 379,422,475 DFA SHORT-DURATION REAL RETURN PORTFOLIO Agency Obligations, Bonds............................ 91,880,608 -- -- -- 91,880,608
J. INDEMNITEES; CONTRACTUAL OBLIGATIONS: Under the Fund's organizational documents, its officers and directors are indemnified against certain liabilities arising out of the performance of their duties to the Fund. In the normal course of business, the Fund enters into contracts that contain a variety of representations and warranties that provide general indemnification. The Fund's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund and/or its affiliates that have not yet occurred. However, based on experience, the Fund expects the risk of loss to be remote. K. RECENTLY ISSUED ACCOUNTING STANDARDS: In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2017-08 which changes the amortization period for a callable debt security from the maturity date to the earliest call date. The ASU is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods. At this time, management is evaluating the implications of these changes on the financial statements. L. OTHER: At April 30, 2018, the following number of shareholders held the following approximate percentages of the stated Portfolios' outstanding shares. One or more of the shareholders may be omnibus accounts, which typically hold shares for the benefit of several other underlying investors.
APPROXIMATE PERCENTAGE NUMBER OF OF OUTSTANDING SHAREHOLDERS SHARES ------------ -------------- DFA One-Year Fixed Income Portfolio.................. 5 74% DFA Two-Year Global Fixed Income Portfolio........... 4 80% DFA Selectively Hedged Global Fixed Income Portfolio. 3 84% DFA Five-Year Global Fixed Income Portfolio.......... 3 77%
243
APPROXIMATE PERCENTAGE NUMBER OF OF OUTSTANDING SHAREHOLDERS SHARES ------------ -------------- DFA World ex U.S. Government Fixed Income Portfolio....... 4 74% DFA Short-Term Government Portfolio....................... 4 80% DFA Intermediate Government Fixed Income Portfolio........ 4 84% DFA Short-Term Extended Quality Portfolio................. 4 76% DFA Intermediate-Term Extended Quality Portfolio.......... 6 84% DFA Targeted Credit Portfolio............................. 3 84% DFA Global Core Plus Fixed Income Portfolio............... 3 96% DFA Investment Grade Portfolio............................ 4 87% DFA Diversified Fixed Income Portfolio.................... 3 100% DFA LTIP Portfolio........................................ 6 89% DFA Inflation-Protected Securities Portfolio.............. 3 48% DFA Short-Duration Real Return Portfolio.................. 3 82% DFA Municipal Real Return Portfolio....................... 3 93% DFA California Municipal Real Return Portfolio............ 3 98% DFA Municipal Bond Portfolio.............................. 4 95% DFA Short-Term Municipal Bond Portfolio................... 4 90% DFA Intermediate-Term Municipal Bond Portfolio............ 4 85% DFA California Short-Term Municipal Bond Portfolio........ 3 95% DFA California Intermediate-Term Municipal Bond Portfolio. 4 96% DFA NY Municipal Bond Portfolio........................... 3 91% DFA MN Municipal Bond Portfolio........................... 1 96%
The Portfolios are subject to claims and suits that arise from time to time in the ordinary course of business (for example, in The Tribune Company Bankruptcy, certain creditors have filled actions against all shareholders of The Tribune Company who tendered shared when the Tribune Company went private in 2007 in a leveraged buy-out transaction, seeking the return of proceeds received by the shareholders). Although management currently believes that resolving claims against us, individually or in aggregate, will not have a material adverse impact on our financial position, or results of operations, or our cash flows, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. M. SUBSEQUENT EVENT EVALUATIONS: Management has evaluated the impact of all subsequent events on the Portfolios through the date that the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements. 244 NOTIFICATION OF SOURCE OF DISTRIBUTIONS PURSUANT TO RULE 19A-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 As noted in the table provided below, the following Portfolios paid distributions to shareholders of record, a portion of which is estimated to be in excess of a Portfolio's current and accumulated undistributed net income. Please note that this information is being provided to satisfy certain notice requirements under the Investment Company Act of 1940 and is not being provided for tax reporting purposes. Tax reporting information for the shareholders of a Portfolio will not be available until the end of a Portfolio's fiscal year. As a result, shareholders should not use the information provided in this notice for tax reporting purposes.
ESTIMATED % BREAKDOWN OF DISTRIBUTION SOURCES - -------------------------------------------- NET INCOME FOR ACCUMULATED THE CURRENT OR UNDISTRIBUTED PRECEDING NET PROFITS PAID-IN FISCAL YEAR, FROM THE SALE SURPLUS AND ACCUMULATED OF SECURITIES OR OTHER UNDISTRIBUTED NET OR OTHER CAPITAL PORTFOLIO NAME INCOME PROPERTIES SOURCE -------------- ----------------- ------------- -------- DFA One-Year Fixed Income Portfolio December 14, 2017......................... 54% 0% 46% DFA Two-Year Global Fixed Income Portfolio December 14, 2017......................... 37% 0% 63% DFA Selectively Hedged Global Fixed Income Portfolio December 14, 2017......................... 76% 0% 24% DFA Five-Year Global Fixed Income Portfolio December 14, 2017......................... 43% 0% 57% DFA World ex U.S. Government Fixed Income Portfolio December 14, 2017......................... 0% 0% 100% DFA Short-Term Government Portfolio December 14, 2017......................... 81% 0% 19% DFA Intermediate Government Fixed Income Portfolio December 14, 2017......................... 82% 0% 18% DFA Short-Term Extended Quality Portfolio December 14, 2017......................... 45% 0% 55% DFA Intermediate-Term Extended Quality Portfolio December 14, 2017......................... 59% 0% 41% DFA Targeted Credit Portfolio December 14, 2017......................... 50% 0% 50% DFA Investment Grade Portfolio December 15, 2017......................... 84% 0% 16% DFA Diversified Fixed Income Portfolio December 15, 2017......................... 87% 0% 13% DFA LTIP Portfolio December 14, 2017......................... 60% 0% 40% DFA Inflation Protected Securities Portfolio December 14, 2017......................... 59% 0% 41% DFA Short-Duration Real Return Portfolio December 15, 2017......................... 77% 0% 23%
The ultimate composition of these distributions may vary from the estimates provided above due to a variety of factors including future income and expenses, and realized gains and losses from the purchase and sale of securities. 245 DIMENSIONAL INVESTMENT GROUP INC. DISCLOSURE OF FUND EXPENSES (UNAUDITED) The following Expense Tables are shown so that you can understand the impact of fees on your investment. All mutual funds have operating expenses. As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports, among others. Operating expenses, legal and audit services, which are deducted from a fund's gross income, directly reduce the investment return of the fund. A fund's expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs, in dollars, of investing in the fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period. The Expense Tables below illustrate your fund's costs in two ways. ACTUAL FUND RETURN This section helps you to estimate the actual expenses after fee waivers that you paid over the period. The "Ending Account Value" shown is derived from the fund's actual return and "Expenses Paid During Period" reflect the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. To do so, simply divide your account value by $1,000 (for example, a $7,500 account value divided by $1,000 = 7.5), then multiply the result by the number given for your fund under the heading "Expenses Paid During Period." HYPOTHETICAL EXAMPLE FOR COMPARISON PURPOSES This section is intended to help you compare your fund's costs with those of other mutual funds. The hypothetical "Ending Account Value" and "Expenses Paid During Period" are derived from the fund's actual expense ratio and an assumed 5% annual return before expenses. In this case, because the return used is not the fund's actual return, the results do not apply to your investment. The example is useful in making comparisons because the SEC requires all mutual funds to calculate expenses based on a 5% annual return. You can assess your fund's costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. Please note that the expenses shown in the tables are meant to highlight and help you compare ongoing costs only and do not reflect any transactional costs, if applicable. The "Annualized Expense Ratio" represents the actual expenses for the six-month period indicated. SIX MONTHS ENDED APRIL 30, 2018 EXPENSE TABLES BEGINNING ENDING EXPENSES ACCOUNT ACCOUNT ANNUALIZED PAID VALUE VALUE EXPENSE DURING 11/01/17 04/30/18 RATIO* PERIOD* --------- --------- ---------- -------- DFA TWO-YEAR FIXED INCOME PORTFOLIO ----------------------------------- Actual Fund Return.................. $1,000.00 $ 998.80 0.21% $1.04 Hypothetical 5% Annual Return....... $1,000.00 $1,023.75 0.21% $1.05 DFA TWO-YEAR GOVERNMENT PORTFOLIO --------------------------------- Actual Fund Return.................. $1,000.00 $ 998.40 0.20% $0.99 Hypothetical 5% Annual Return....... $1,000.00 $1,023.80 0.20% $1.00
---------- * Expenses are equal to the fund's annualized expense ratio for the six-month period, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period (181), then divided by the number of days in the year (365) to reflect the six-month period. 246 DIMENSIONAL INVESTMENT GROUP INC. DISCLOSURE OF PORTFOLIO HOLDINGS (UNAUDITED) The SEC requires that all funds file a complete Schedule of Investments with the SEC for their first and third fiscal quarters on Form N-Q. For Dimensional Investment Group Inc., this would be for the fiscal quarters ending January 31 and July 31. The Form N-Q filing must be made within 60 days of the end of the quarter. Dimensional Investment Group Inc. filed its most recent Form N-Q with the SEC on March 29, 2018. They are available upon request, without charge, by calling collect: (512) 306-7400 or by mailing a request to Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, Texas 78746, or by visiting the SEC's website at http://www.sec.gov, or they may be reviewed and copied at the SEC's Public Reference Room in Washington, D.C. (call 1-800-732-0330 for information on the operation of the Public Reference Room). PORTFOLIO HOLDINGS The SEC requires that all funds present their categories of portfolio holdings in a table, chart or graph format in their annual and semi-annual shareholder reports, whether or not a Schedule of Investments is utilized. The following table, which presents portfolio holdings as a percent of total investments before short-term investments and collateral for loaned securities, is provided in compliance with such requirement. The categories shown below represent broad industry sectors. Each industry sector consists of one or more specific industry classifications. FIXED INCOME PORTFOLIOS DFA TWO-YEAR FIXED INCOME PORTFOLIO Corporate.................................... 21.3% Government................................... 7.2% Foreign Corporate............................ 27.2% Foreign Government........................... 33.7% Supranational................................ 10.6% ----- 100.0%
DFA TWO-YEAR GOVERNMENT PORTFOLIO Government................................... 100.0% ----- 100.0%
247 DFA TWO-YEAR FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ------ ------ (000) AGENCY OBLIGATIONS -- (3.2%) Federal Home Loan Bank 2.125%, 02/11/20............................. 250 $ 248,286 1.875%, 03/13/20............................. 250 247,044 4.125%, 03/13/20............................. 600 616,944 2.375%, 03/30/20............................. 450 448,629 Federal Home Loan Mortgage Corp. 1.250%, 10/02/19............................. 250 245,851 Federal National Mortgage Association 1.000%, 10/24/19............................. 1,000 978,799 ---------- TOTAL AGENCY OBLIGATIONS......................... 2,785,553 ---------- BONDS -- (90.9%) African Development Bank 1.125%, 09/20/19............................. 500 490,230 1.375%, 02/12/20............................. 750 733,682 1.875%, 03/16/20............................. 1,250 1,232,283 Agence Francaise de Developpement 1.375%, 08/02/19............................. 600 590,359 1.625%, 01/21/20............................. 1,734 1,699,629 Alberta, Province of Canada 1.900%, 12/06/19............................. 2,000 1,973,938 ANZ New Zealand International Ltd. 2.600%, 09/23/19............................. 700 696,005 Apple, Inc. 1.500%, 09/12/19............................. 1,150 1,133,537 1.900%, 02/07/20............................. 1,054 1,040,793 Australia & New Zealand Banking Group, Ltd. 2.250%, 06/13/19............................. 500 497,520 1.600%, 07/15/19............................. 750 738,407 ## 2.250%, 12/19/19............................. 400 396,637 Bank Nederlandse Gemeenten NV 1.625%, 11/25/19............................. 250 245,940 ## 2.500%, 02/28/20............................. 1,850 1,841,523 2.500%, 02/28/20............................. 200 199,084 Berkshire Hathaway, Inc. 2.100%, 08/14/19............................. 469 466,842 Caisse d'Amortissement de la Dette Sociale 1.750%, 09/24/19............................. 1,000 987,888 Chevron Corp. 1.991%, 03/03/20............................. 1,000 986,969 Cisco Systems, Inc. 2.125%, 03/01/19............................. 1,600 1,596,390 4.450%, 01/15/20............................. 250 257,140 Commonwealth Bank of Australia 2.500%, 09/20/18............................. 250 250,149 1.750%, 11/02/18............................. 625 622,210 2.250%, 03/13/19............................. 476 474,452 Cooperatieve Rabobank UA 2.250%, 01/14/19............................. 1,450 1,446,654 ## 4.750%, 01/15/20............................. 500 514,028
FACE AMOUNT VALUE+ ------ ------ (000) Council Of Europe Development Bank 1.750%, 11/14/19............................. 500 $ 493,785 1.875%, 01/27/20............................. 750 740,302 1.625%, 03/10/20............................. 381 373,929 Dexia Credit Local SA 2.250%, 01/30/19............................. 600 598,497 Erste Abwicklungsanstalt 1.625%, 02/21/19............................. 1,600 1,588,950 European Bank for Reconstruction & Development 1.750%, 11/26/19............................. 748 738,620 European Investment Bank 1.125%, 08/15/19............................. 500 491,278 1.625%, 03/16/20............................. 819 803,947 Export Development Canada 1.750%, 08/19/19............................. 750 742,455 ## 2.300%, 02/10/20............................. 1,000 993,855 FMS Wertmanagement 1.000%, 08/16/19............................. 1,200 1,176,684 General Electric Co. 6.000%, 08/07/19............................. 1,000 1,038,001 Inter-American Development Bank 1.125%, 09/12/19............................. 543 532,990 International Bank for Reconstruction & Development 0.875%, 08/15/19............................. 650 636,786 1.875%, 10/07/19............................. 1,700 1,684,562 Kommunekredit 1.125%, 08/23/19............................. 1,000 981,136 1.750%, 01/10/20............................. 500 492,720 Kommuninvest I Sverige AB 1.125%, 09/17/19............................. 600 587,919 2.000%, 11/12/19............................. 250 247,642 1.750%, 03/19/20............................. 500 491,368 Kreditanstalt fuer Wiederaufbau 1.500%, 09/09/19............................. 1,350 1,331,298 1.250%, 09/30/19............................. 750 735,992 4.000%, 01/27/20............................. 250 255,744 Manitoba, Province of Canada 1.750%, 05/30/19............................. 2,200 2,179,958 Merck & Co., Inc. 1.850%, 02/10/20............................. 1,489 1,467,411 Municipality Finance P.L.C. 1.500%, 03/23/20............................. 968 946,619 National Australia Bank, Ltd. 2.250%, 07/01/19............................. 1,250 1,241,679 2.250%, 01/10/20............................. 500 493,240 Nederlandse Waterschapsbank NV ## 1.750%, 09/05/19............................. 200 197,641 ## 1.250%, 09/09/19............................. 450 441,858 1.625%, 03/04/20............................. 500 490,200 Nestle Holdings, Inc. 2.125%, 01/14/20............................. 500 494,148 Nordea Bank AB ## 1.625%, 09/30/19............................. 500 490,502
248 DFA TWO-YEAR FIXED INCOME PORTFOLIO CONTINUED
FACE AMOUNT VALUE+ ------ ------ (000) Novartis Capital Corp. 1.800%, 02/14/20............................. 2,335 $2,296,120 NRW Bank 1.250%, 07/29/19............................. 250 245,763 Ontario, Province of Canada 4.400%, 04/14/20............................. 1,850 1,906,386 Oracle Corp. 2.375%, 01/15/19............................. 275 275,260 2.250%, 10/08/19............................. 1,250 1,244,219 Pfizer, Inc. 2.100%, 05/15/19............................. 876 871,953 Procter & Gamble Co. (The) 1.750%, 10/25/19............................. 500 494,321 Province of Ontario Canada 1.650%, 09/27/19............................. 500 493,130 Royal Bank of Canada 2.150%, 03/15/19............................. 1,420 1,414,537 1.625%, 04/15/19............................. 842 833,970 Shell International Finance BV 1.375%, 09/12/19............................. 200 196,453 4.300%, 09/22/19............................. 500 511,580 4.375%, 03/25/20............................. 1,446 1,487,768 State of North Rhine-Westphalia Germany 1.875%, 06/17/19............................. 400 396,807 1.250%, 09/16/19............................. 200 196,193 1.625%, 01/22/20............................. 1,500 1,471,651 Statoil ASA 2.250%, 11/08/19............................. 2,463 2,441,499 Svensk Exportkredit AB 1.250%, 04/12/19............................. 1,150 1,137,064 1.875%, 06/17/19............................. 1,200 1,190,796 Svenska Handelsbanken AB 2.500%, 01/25/19............................. 2,116 2,113,672 Toronto-Dominion Bank (The) 2.125%, 07/02/19............................. 1,250 1,242,006 1.900%, 10/24/19............................. 1,000 986,150
FACE AMOUNT VALUE+ ------ ------ (000) Total Capital International SA 2.100%, 06/19/19............................. 950 $ 944,435 Toyota Motor Credit Corp. 2.100%, 01/17/19............................. 750 748,440 1.700%, 02/19/19............................. 500 496,942 1.400%, 05/20/19............................. 198 195,735 2.200%, 01/10/20............................. 948 938,117 Walmart Inc 1.750%, 10/09/19............................. 2,000 1,980,155 Westpac Banking Corp. 2.250%, 01/17/19............................. 2,334 2,329,681 ----------- TOTAL BONDS........................................ 78,394,808 ----------- U.S. TREASURY OBLIGATIONS -- (3.9%) U.S. Treasury Notes 1.250%, 01/31/20............................. 1,000 979,414 1.250%, 02/29/20............................. 1,100 1,075,809 1.375%, 03/31/20............................. 200 195,859 1.500%, 04/15/20............................. 1,100 1,079,031 ----------- TOTAL U.S. TREASURY OBLIGATIONS.................... 3,330,113 ----------- TOTAL INVESTMENT SECURITIES........................ 84,510,474 ----------- SHARES ------ TEMPORARY CASH INVESTMENTS -- (2.0%) State Street Institutional U.S. Government Money Market Fund, 1.630%................... 1,701,280 1,701,280 ----------- TEMPORARY CASH INVESTMENTS -- (0.0%) (S)@ DFA Short Term Investment Fund............... 17 202 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $86,782,594)............................... $86,211,956 ===========
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- ----------- ------- ----------- Agency Obligations................. -- $ 2,785,553 -- $ 2,785,553 Bonds.............................. -- 78,394,808 -- 78,394,808 U.S. Treasury Obligations.......... -- 3,330,113 -- 3,330,113 Temporary Cash Investments......... $1,701,280 -- -- 1,701,280 Temporary Cash Investments......... -- 202 -- 202 ---------- ----------- -- ----------- TOTAL.............................. $1,701,280 $84,510,676 -- $86,211,956 ========== =========== == ===========
See accompanying Notes to Financial Statements. 249 DFA TWO-YEAR GOVERNMENT PORTFOLIO SCHEDULE OF INVESTMENTS APRIL 30, 2018 (UNAUDITED)
FACE AMOUNT VALUE+ ------- ------------ (000) U.S. TREASURY OBLIGATIONS -- (53.3%) U.S. Treasury Notes 1.875%, 12/31/19........................................... 450 $ 445,816 1.250%, 01/31/20........................................... 14,000 13,711,797 1.375%, 02/15/20........................................... 10,250 10,053,008 1.250%, 02/29/20........................................... 14,900 14,572,316 1.625%, 03/15/20........................................... 5,000 4,922,070 1.375%, 03/31/20........................................... 5,000 4,896,485 1.500%, 04/15/20........................................... 12,100 11,869,344 ------------ TOTAL U.S. TREASURY OBLIGATIONS............................. 60,470,836 ------------ AGENCY OBLIGATIONS -- (46.3%) Federal Home Loan Bank 1.500%, 10/21/19........................................... 650 641,040 1.375%, 11/15/19........................................... 2,500 2,460,875 2.375%, 12/13/19........................................... 2,500 2,494,300 2.125%, 02/11/20........................................... 8,350 8,292,744 1.875%, 03/13/20........................................... 10,000 9,881,760 4.125%, 03/13/20........................................... 14,250 14,652,420 2.375%, 03/30/20........................................... 14,200 14,156,747 ------------ TOTAL AGENCY OBLIGATIONS.................................... 52,579,886 ------------ TOTAL INVESTMENT SECURITIES................................. 113,050,722 ------------ SHARES ------- TEMPORARY CASH INVESTMENTS -- (0.4%) State Street Institutional U.S. Government Money Market Fund, 1.630%............................................... 397,090 397,090 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $113,771,651)........... $113,447,812 ============
Summary of the Portfolio's investments as of April 30, 2018, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------- ------------ ------- ------------ U.S. Treasury Obligations.......... -- $ 60,470,836 -- $ 60,470,836 Agency Obligations................. -- 52,579,886 -- 52,579,886 Temporary Cash Investments......... $397,090 -- -- 397,090 -------- ------------ -- ------------ TOTAL.............................. $397,090 $113,050,722 -- $113,447,812 ======== ============ == ============
See accompanying Notes to Financial Statements. 250 DIMENSIONAL INVESTMENT GROUP INC. STATEMENTS OF ASSETS AND LIABILITIES APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
DFA TWO-YEAR DFA TWO-YEAR FIXED INCOME GOVERNMENT PORTFOLIO PORTFOLIO ------------ ------------ ASSETS: Investments at Value................................................................... $ 84,510 $ 113,051 Temporary Cash Investments at Value & Cost............................................. 1,701 397 Receivables: Interest............................................................................. 392 356 Fund Shares Sold..................................................................... 4,057 20 Prepaid Expenses and Other Assets...................................................... 16 22 ------------ ------------ Total Assets...................................................................... 90,676 113,846 ------------ ------------ LIABILITIES: Payables: Investment Securities Purchased...................................................... 1,246 -- Fund Shares Redeemed................................................................. 110 6 Due to Advisor....................................................................... 10 14 Accrued Expenses and Other Liabilities................................................. 16 20 ------------ ------------ Total Liabilities................................................................. 1,382 40 ------------ ------------ NET ASSETS............................................................................. $ 89,294 $ 113,806 ============ ============ Institutional Class Shares -- based on net assets of $89,294 and $113,806 and shares outstanding of 9,015,816 and 11,684,272, respectively................................. $ 9.90 $ 9.74 ============ ============ NUMBER OF SHARES AUTHORIZED............................................................ 300,000,000 300,000,000 ============ ============ Investments at Cost.................................................................... $ 85,081 $ 113,375 ============ ============ NET ASSETS CONSIST OF: Paid-In Capital........................................................................ $ 90,053 $ 115,413 Undistributed Net Investment Income (Distributions in Excess of Net Investment Income). 178 255 Accumulated Net Realized Gain (Loss)................................................... (366) (1,538) Net Unrealized Appreciation (Depreciation)............................................. (571) (324) ------------ ------------ NET ASSETS............................................................................. $ 89,294 $ 113,806 ============ ============
See accompanying Notes to Financial Statements. 251 DIMENSIONAL INVESTMENT GROUP INC. STATEMENTS OF OPERATIONS FOR THE SIX MONTHS ENDED APRIL 30, 2018 (UNAUDITED) (AMOUNTS IN THOUSANDS)
DFA TWO- DFA TWO- YEAR FIXED YEAR INCOME GOVERNMENT PORTFOLIO PORTFOLIO ---------- ---------- INVESTMENT INCOME Interest...................................................... $ 728 $ 869 ----- ----- Total Investment Income.................................... 728 869 ----- ----- EXPENSES Investment Management Fees.................................... 61 83 Accounting & Transfer Agent Fees.............................. 4 4 Custodian Fees................................................ 2 1 Filing Fees................................................... 10 12 Shareholders' Reports......................................... 5 7 Professional Fees............................................. 2 3 Other......................................................... 1 2 ----- ----- Total Expenses............................................. 85 112 ----- ----- NET INVESTMENT INCOME (LOSS).................................. 643 757 ----- ----- REALIZED AND UNREALIZED GAIN (LOSS) Net Realized Gain (Loss) on: Investment Securities Sold**................................ (229) (987) Change in Unrealized Appreciation (Depreciation) of: Investment Securities....................................... (439) (5) ----- ----- NET REALIZED AND UNREALIZED GAIN (LOSS)....................... (668) (992) ----- ----- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS. $ (25) $(235) ===== =====
---------- **Net of foreign capital gain taxes withheld of $0 and $0, respectively. See accompanying Notes to Financial Statements. 252 DIMENSIONAL INVESTMENT GROUP INC. STATEMENTS OF CHANGES IN NET ASSETS (AMOUNTS IN THOUSANDS)
DFA TWO-YEAR FIXED DFA TWO-YEAR GOVERNMENT INCOME PORTFOLIO PORTFOLIO -------------------- ---------------------- SIX MONTHS YEAR SIX MONTHS YEAR ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, APRIL 30, OCT. 31, 2018 2017 2018 2017 ----------- -------- ----------- -------- (UNAUDITED) (UNAUDITED) INCREASE (DECREASE) IN NET ASSETS Operations: Net Investment Income (Loss).................................. $ 643 $ 912 $ 757 $ 1,042 Net Realized Gain (Loss) on: Investment Securities Sold*................................. (229) (120) (987) (283) Change in Unrealized Appreciation (Depreciation) of: Investment Securities....................................... (439) (123) (5) (476) ------- -------- -------- -------- Net Increase (Decrease) in Net Assets Resulting from Operations................................................ (25) 669 (235) 283 ------- -------- -------- -------- Distributions From: Net Investment Income: Institutional Class Shares.................................. (567) (895) (619) (1,008) ------- -------- -------- -------- Total Distributions........................................ (567) (895) (619) (1,008) ------- -------- -------- -------- Capital Share Transactions (1): Shares Issued................................................. 15,693 7,220 13,656 15,655 Shares Issued in Lieu of Cash Distributions................... 567 895 619 1,008 Shares Redeemed............................................... (5,189) (10,242) (12,549) (18,503) ------- -------- -------- -------- Net Increase (Decrease) from Capital Share Transactions.... 11,071 (2,127) 1,726 (1,840) ------- -------- -------- -------- Total Increase (Decrease) in Net Assets.................... 10,479 (2,353) 872 (2,565) NET ASSETS Beginning of Period........................................... 78,815 81,168 112,934 115,499 ------- -------- -------- -------- End of Period................................................. $89,294 $ 78,815 $113,806 $112,934 ======= ======== ======== ======== (1) SHARES ISSUED AND REDEEMED: Shares Issued................................................. 1,582 723 1,398 1,590 Shares Issued in Lieu of Cash Distributions................... 57 90 63 103 Shares Redeemed............................................... (523) (1,026) (1,283) (1,881) ------- -------- -------- -------- Net Increase (Decrease) from Shares Issued and Redeemed.................................................. 1,116 (213) 178 (188) ======= ======== ======== ======== UNDISTRIBUTED NET INVESTMENT INCOME (DISTRIBUTIONS IN EXCESS OF NET INVESTMENT INCOME)......................................... $ 178 $ 102 $ 255 $ 117
---------- * Net of foreign capital gain taxes withheld of $0, $0, $0 and $0, respectively. See accompanying Notes to Financial Statements. 253 DIMENSIONAL INVESTMENT GROUP INC. FINANCIAL HIGHLIGHTS (FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
DFA TWO-YEAR FIXED INCOME PORTFOLIO ---------------------------------------------------------- -------------- SIX MONTHS YEAR YEAR YEAR YEAR YEAR SIX MONTHS ENDED ENDED ENDED ENDED ENDED ENDED ENDED APRIL 30, OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, APRIL 30, 2018 2017 2016 2015 2014 2013 2018 --------------------------------------------------------------------------------------------------------------------------------- (UNAUDITED) (UNAUDITED) Net Asset Value, Beginning of Period................. $ 9.98 $ 10.00 $ 10.02 $ 10.02 $ 10.02 $ 10.07 $ 9.81 ------- ------- ------- ------- ------- ------- -------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)................... 0.08 0.11 0.08 0.04 0.02 0.03 0.07 Net Gains (Losses) on Securities (Realized and Unrealized)....................................... (0.09) (0.02) (0.01) 0.02 0.01 -- (0.09) ------- ------- ------- ------- ------- ------- -------- Total from Investment Operations.................. (0.01) 0.09 0.07 0.06 0.03 0.03 (0.02) --------------------------------------------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income.............................. (0.07) (0.11) (0.07) (0.04) (0.02) (0.03) (0.05) Net Realized Gains................................. -- -- (0.02) (0.02) (0.01) (0.05) -- ------- ------- ------- ------- ------- ------- -------- Total Distributions............................... (0.07) (0.11) (0.09) (0.06) (0.03) (0.08) (0.05) --------------------------------------------------------------------------------------------------------------------------------- Net Asset Value, End of Period....................... $ 9.90 $ 9.98 $ 10.00 $ 10.02 $ 10.02 $ 10.02 $ 9.74 ===================================================== =========== ======== ======== ======== ======== ======== =========== Total Return......................................... (0.12)%(D) 0.92% 0.74% 0.57% 0.31% 0.26% (0.16)%(D) --------------------------------------------------------------------------------------------------------------------------------- Net Assets, End of Period (thousands)................ $89,294 $78,815 $81,168 $91,779 $98,961 $94,726 $113,806 Ratio of Expenses to Average Net Assets.............. 0.21%(E) 0.24% 0.29% 0.29% 0.28% 0.29% 0.20%(E) Ratio of Net Investment Income to Average Net Assets. 1.58%(E) 1.14% 0.75% 0.43% 0.20% 0.27% 1.36%(E) Portfolio Turnover Rate.............................. 53%(D) 115% 93% 238% 122% 57% 108%(D) ---------------------------------------------------------------------------------------------------------------------------------
DFA TWO-YEAR GOVERNMENT PORTFOLIO ------------------------------------------------- YEAR YEAR YEAR YEAR YEAR ENDED ENDED ENDED ENDED ENDED OCT. 31, OCT. 31, OCT. 31, OCT. 31, OCT. 31, 2017 2016 2015 2014 2013 ------------------------------------------------------------------------------------------------------- Net Asset Value, Beginning of Period................. $ 9.88 $ 9.90 $ 9.92 $ 9.91 $ 9.96 -------- -------- -------- -------- -------- Income from Investment Operations --------------------------------- Net Investment Income (Loss) (A)................... 0.09 0.05 0.03 0.01 0.01 Net Gains (Losses) on Securities (Realized and Unrealized)....................................... (0.07) 0.01 0.01 0.03 0.02 -------- -------- -------- -------- -------- Total from Investment Operations.................. 0.02 0.06 0.04 0.04 0.03 ------------------------------------------------------------------------------------------------------- Less Distributions ------------------ Net Investment Income.............................. (0.09) (0.05) (0.03) (0.01) (0.01) Net Realized Gains................................. -- (0.03) (0.03) (0.02) (0.07) -------- -------- -------- -------- -------- Total Distributions............................... (0.09) (0.08) (0.06) (0.03) (0.08) ------------------------------------------------------------------------------------------------------- Net Asset Value, End of Period....................... $ 9.81 $ 9.88 $ 9.90 $ 9.92 $ 9.91 ===================================================== ======== ======== ======== ======== ======== Total Return......................................... 0.19% 0.58% 0.38% 0.39% 0.26% ------------------------------------------------------------------------------------------------------- Net Assets, End of Period (thousands)................ $112,934 $115,499 $133,648 $145,231 $145,205 Ratio of Expenses to Average Net Assets.............. 0.23% 0.28% 0.28% 0.27% 0.28% Ratio of Net Investment Income to Average Net Assets. 0.93% 0.55% 0.31% 0.12% 0.05% Portfolio Turnover Rate.............................. 176% 118% 262% 225% 160% -------------------------------------------------------------------------------------------------------
See page 1 & 2 for the Definitions of Abbreviations and Footnotes. See accompanying Notes to Financial Statements. 254 DIMENSIONAL INVESTMENT GROUP INC. NOTES TO FINANCIAL STATEMENTS (UNAUDITED) A. ORGANIZATION: Dimensional Investment Group Inc. (the "Fund") is an open-end management investment company registered under the Investment Company Act of 1940, whose shares are generally offered to institutional investors, retirement plans and clients of registered investment advisors. The Fund consists of twelve portfolios, two of which, DFA Two-Year Fixed Income Portfolio and DFA Two-Year Government Portfolio (the "Portfolios"), are presented in this report. The remaining operational portfolios are presented in separate reports. The Portfolios are investment companies, and accordingly, follow the accounting and reporting guidance under Financial Accounting Standards Board ("FASB") Accounting Standards Certification ("ASC") Topic 946, "Financial Services-Investment Companies." B. SIGNIFICANT ACCOUNTING POLICIES: The following significant accounting policies are in conformity with accounting principles generally accepted in the United States of America. Such policies are consistently followed by the Fund in preparation of its financial statements. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the fair value of investments, the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates and those differences could be material. 1. SECURITY VALUATION: The Portfolios utilize a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below: . Level 1 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, futures contracts) . Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) . Level 3 - significant unobservable inputs (including the Portfolios' own assumptions in determining the fair value of investments) Debt securities held by the DFA Two-Year Fixed Income Portfolio and DFA Two-Year Government Portfolio are valued on the basis of evaluated prices provided by one or more pricing services or other reasonably reliable sources including broker/dealers that typically handle the purchase and sale of such securities. Securities that are traded over-the-counter and on a stock exchange generally will be valued according to the broadest and most representative market, and it is expected that for bonds and other fixed income securities, this ordinarily will be the over-the-counter market. Securities for which quotations are not readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors of the Fund. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of Dimensional Fund Advisors LP) occur before the net asset value of the Portfolio is calculated. When fair value pricing is used, the prices of securities used by the Portfolios may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy. A summary of the inputs used to value the Portfolios' investments by each major security type, industry and/or country is disclosed previously in this note. Valuation hierarchy tables have been included at the end of the Schedules of Investments for the Portfolios. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. 255 For the six months ended April 30, 2018, there were no significant transfers between Level 1 and Level 2 and no significant Level 3 investments held by the Portfolios. 2. DEFERRED COMPENSATION PLAN: Each eligible Director of the Fund may elect participation in The Fee Deferral Plan for Independent Directors and Trustees (the "Plan"). Under the Plan, effective January 1, 2002, such Directors may defer payment of all or a portion of their total fees earned as a Director. These deferred amounts may be treated as though such amounts had been invested in shares of the following funds: U.S. Large Cap Value Portfolio; U.S. Core Equity 1 Portfolio; U.S. Core Equity 2 Portfolio; U.S. Vector Equity Portfolio; U.S. Micro Cap Portfolio; DFA International Value Portfolio; International Core Equity Portfolio; Emerging Markets Portfolio; Emerging Markets Core Equity Portfolio; and/or DFA Two-Year Global Fixed Income Portfolio. Contributions made under the Plan and the change in unrealized appreciation (depreciation) and income are included in Directors'/Trustees' Fees & Expenses. Each Director has the option to receive their distribution of proceeds in one of the following methods: lump sum; annual installments over a period of agreed-upon years; or quarterly installments over a period of agreed-upon years. Each Director shall have the right in a notice of election (the "Notice") to defer the receipt of the Director's deferred compensation until a date specified by such Director in the Notice, which date may not be sooner than the earlier of: (i) the first business day of January following the year in which such Director ceases to be a member of the Board of Directors of the Fund; and (ii) five years following the effective date of the Director's first deferral election. If a Director who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Director's deferred fee account shall commence, payment of such amount shall commence as of the first business day of January following the year in which the Director ceases to be a member of the Board (unless the Director files an amended Notice selecting a different distribution date). As of April 30, 2018, none of the Directors have requested or received a distribution of proceeds of a deferred fee account. C. INVESTMENT ADVISOR: The Advisor, Dimensional Fund Advisors LP, provides investment management services to the Portfolios. For the six months ended April 30, 2018, the Portfolios' investment management fees were accrued daily and paid monthly to the Advisor based on the following effective annual rates of average daily net assets: DFA Two-Year Fixed Income Portfolio................... 0.15% DFA Two-Year Government Portfolio................... 0.15%
FEES PAID TO OFFICERS AND DIRECTORS/TRUSTEES: Certain Officers and Directors of the Advisor are also Officers and Directors of the Fund; however, such Officers and Directors (with the exception of the Chief Compliance Officer ("CCO")) receive no compensation from the Fund. For the six months ended April 30, 2018, the total related amounts paid by the Fund to the CCO were $16 (in thousands). The total related amounts paid by each of the Portfolios are included in Other Expenses on the Statement of Operations. D. DEFERRED COMPENSATION: At April 30, 2018, the total liability for deferred compensation to Directors is included in Accrued Expenses and Other Liabilities on the Statement of Assets and Liabilities as follows (amounts in thousands): DFA Two-Year Fixed Income Portfolio................... $5 DFA Two-Year Government Portfolio................... 7
256 E. PURCHASES AND SALES OF SECURITIES: For the six months ended April 30, 2018, the Portfolios made the following purchases and sales of investment securities, other than short-term securities and in-kind redemptions (amounts in thousands):
U.S. GOVERNMENT OTHER INVESTMENT SECURITIES SECURITIES ------------------ ----------------- PURCHASES SALES PURCHASES SALES --------- -------- --------- ------- DFA Two-Year Fixed Income Portfolio................... $ 7,969 $ 4,753 $42,075 $38,196 DFA Two-Year Government Portfolio................... 121,593 120,300 -- --
F. FEDERAL INCOME TAXES: Each Portfolio has qualified and intends to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code for federal income tax purposes and to distribute substantially all of its taxable income and net capital gains to its shareholders. Accordingly, no provision has been made for federal income taxes. Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined under accounting principles generally accepted in the United States of America. These book/tax differences are either temporary or permanent in nature. To the extent these differences are permanent, they are charged or credited to paid-in capital, undistributed net investment income or accumulated net realized gains or losses, as appropriate, in the period that the differences arise. Accordingly, the following permanent differences as of October 31, 2017, primarily attributable to tax equalization, were reclassified to the following accounts. These reclassifications had no effect on net assets or net asset value per share (amounts in thousands):
INCREASE INCREASE (DECREASE) (DECREASE) INCREASE UNDISTRIBUTED ACCUMULATED (DECREASE) NET INVESTMENT NET REALIZED PAID-IN CAPITAL INCOME GAINS (LOSSES) --------------- -------------- -------------- DFA Two-Year Fixed Income Portfolio................... $15 $(15) -- DFA Two-Year Government Portfolio................... 19 (19) --
The tax character of dividends and distributions declared and paid during the years ended October 31, 2016 and October 31, 2017 were as follows (amounts in thousands):
NET INVESTMENT INCOME AND SHORT-TERM LONG-TERM TAX EXEMPT CAPITAL GAINS CAPITAL GAINS INCOME TOTAL -------------- ------------- ---------- ------ DFA Two-Year Fixed Income Portfolio 2016................................ $ 809 $ 5 -- $ 814 2017................................ 895 -- -- 895 DFA Two-Year Government Portfolio 2016................................ $ 962 -- -- $ 962 2017................................ 1,008 -- -- 1,008
257 At October 31, 2017, the following net investment income and short-term capital gains and long-term capital gains distributions designated for federal income tax purposes are due to the utilization of accumulated earnings and profits distributed to shareholders upon redemption of shares (amounts in thousands):
NET INVESTMENT INCOME AND SHORT-TERM LONG-TERM CAPITAL GAINS CAPITAL GAINS TOTAL -------------- ------------- ----- DFA Two-Year Fixed Income Portfolio.......... $(15) -- $(15) DFA Two-Year Government Portfolio............ (19) -- (19)
At October 31, 2017, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):
UNDISTRIBUTED TOTAL NET NET INVESTMENT DISTRIBUTABLE INCOME AND UNDISTRIBUTED UNREALIZED EARNINGS SHORT-TERM LONG-TERM CAPITAL LOSS APPRECIATION (ACCUMULATED CAPITAL GAINS CAPITAL GAINS CARRYFORWARDS (DEPRECIATION) LOSSES) -------------- ------------- ------------- -------------- ------------- DFA Two-Year Fixed Income Portfolio....... $108 -- $(137) $(133) $(162) DFA Two-Year Government Portfolio.............. 124 -- (551) (318) (745)
For federal income tax purposes, the Fund measures its capital loss carryforwards annually at October 31, its fiscal year end. Capital loss carryforwards may be carried forward and applied against future capital gains. Under the Regulated Investment Company Modernization Act of 2010, capital losses incurred by these Portfolios after October 31, 2011 will not be subject to expiration and will retain their character as either short-term or long-term capital losses. In addition, such losses must be utilized prior to the losses incurred in the years preceding enactment. As of October 31, 2017, the Portfolios had the following capital loss carryforwards available to offset future realized capital gains (amounts in thousands):
UNLIMITED TOTAL --------- ----- DFA Two-Year Fixed Income Portfolio.......... $137 $137 DFA Two-Year Government Portfolio............ 551 551
During the year ended October 31, 2017, the Portfolios did not utilize capital loss carryforwards to offset realized capital gains for federal income tax purposes. At April 30, 2018, the total cost and aggregate gross unrealized appreciation (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes, as follows (amounts in thousands):
NET UNREALIZED FEDERAL UNREALIZED UNREALIZED APPRECIATION TAX COST APPRECIATION DEPRECIATION (DEPRECIATION) -------- ------------ ------------ -------------- DFA Two-Year Fixed Income Portfolio....... $ 86,783 $ 1 $(572) $(571) DFA Two-Year Government Portfolio.............. 113,772 -- (324) (324)
The difference between GAAP-basis and tax-basis unrealized gains (losses) is attributable primarily to wash sales and net mark to market gains (losses) on regulated futures contracts, net mark-to-market gain/loss on foreign currency contracts, and differences in the tax treatment of passive foreign investment company investments. ASC 740 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES sets forth a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Management has analyzed each of the Portfolio's tax positions and has concluded that no additional provision for income tax is required in any of the Portfolio's financial statements. The Portfolios are not aware of any tax positions for which it is more likely than not that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The 258 Portfolios' federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service. G. FINANCIAL INSTRUMENTS: Summarized below are the specific types of derivative instruments used by the Portfolios. 1. FUTURES CONTRACTS: The Portfolios may purchase or sell futures contracts and options on futures contracts to adjust market exposure based on actual or expected cash inflows to or outflows from the Portfolios. The Portfolios, however, do not intend to sell futures contracts to establish short positions in individual securities. When the contracts are closed, the Portfolios record a realized gain or loss, which is presented in the Statements of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. Risks may arise upon entering into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Portfolios could lose more than the initial margin requirements. The Portfolio entering into stock index futures are subject to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchange's clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default. H. LINE OF CREDIT AND INTERFUND LENDING PROGRAM: The Fund, together with other Dimensional-advised portfolios, has entered into a $500 million uncommitted, unsecured discretionary line of credit effective March 28, 2018, with its domestic custodian bank. A line of credit with similar terms was in effect through March 28, 2018. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $500 million in the aggregate. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. There is no commitment fee on the unused portion of the line of credit. The agreement for the discretionary line of credit may be terminated by either party at any time. The agreement for the line of credit expires on March 27, 2019. The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $700 million unsecured line of credit with its international custodian bank effective January 5, 2018. A line of credit with similar terms was in effect through January 5, 2018. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $500 million, as long as total borrowings under the line of credit do not exceed $700 million in the aggregate. Each portfolio is individually, and not jointly, liable for its particular advances under the line of credit. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The line of credit agreement expires on January 4, 2019. The Portfolios did not utilize the lines of credit during the six months ended April 30, 2018. Pursuant to an exemptive order issued by the SEC (the "Order"), the Portfolios may participate in an interfund lending program among certain portfolios managed by the Advisor. The program allows the participating portfolios to borrow money from and loan money to each other for temporary or emergency purposes, subject to the conditions in the Order. A loan can only be made through the program if the interfund loan rate on that day is more favorable to both the borrowing and lending portfolios as compared to rates available through short-term bank loans or investments in overnight repurchase agreements and money market funds, respectively, as detailed in the Order. Further, a portfolio may participate in the program only if and to the extent that such participation is consistent with its investment objectives and limitations. Interfund loans have a maximum duration of seven days and may be called on one business day's notice. The Portfolios did not utilize the interfund lending program during the six months ended April 30, 2018. 259 I. INDEMNITEES; CONTRACTUAL OBLIGATIONS: Under the Fund's organizational documents, its officers and directors are indemnified against certain liabilities arising out of the performance of their duties to the Fund. In the normal course of business, the Fund enters into contracts that contain a variety of representations and warranties that provide general indemnification. The Fund's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund and/or its affiliates that have not yet occurred. However, based on experience, the Fund expects the risk of loss to be remote. J. RECENTLY ISSUED ACCOUNTING STANDARDS: In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2017-08 which changes the amortization period for a callable debt security from the maturity date to the earliest call date. The ASU is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods. At this time, management is evaluating the implications of these changes on the financial statements. K. OTHER: At April 30, 2018, the following number of shareholders held the following approximate percentages of the stated Portfolios' outstanding shares. One or more of the shareholders may be omnibus accounts, which typically hold shares for the benefit of several other underlying investors.
APPROXIMATE PERCENTAGE NUMBER OF OF OUTSTANDING SHAREHOLDERS SHARES ------------ -------------- DFA Two-Year Fixed Income Portfolio.. 4 100% DFA Two-Year Government Portfolio......... 3 97%
The Portfolios are subject to claims and suits that arise from time to time in the ordinary course of business (for example, in The Tribune Company Bankruptcy, certain creditors have filled actions against all shareholders of The Tribune Company who tendered shared when the Tribune Company went private in 2007 in a leveraged buy-out transaction, seeking the return of proceeds received by the shareholders). Although management currently believes that resolving claims against us, individually or in aggregate, will not have a material adverse impact on our financial position, or results of operations, or our cash flows, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. L. SUBSEQUENT EVENT EVALUATIONS: Management has evaluated the impact of all subsequent events on the Portfolios through the date that the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements. 260 NOTIFICATION OF SOURCE OF DISTRIBUTIONS PURSUANT TO RULE 19A-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 As noted in the table provided below, the following Portfolios paid distributions to shareholders of record, a portion of which is estimated to be in excess of a Portfolio's current and accumulated undistributed net income. Please note that this information is being provided to satisfy certain notice requirements under the Investment Company Act of 1940 and is not being provided for tax reporting purposes. Tax reporting information for the shareholders of a Portfolio will not be available until the end of a Portfolio's fiscal year. As a result, shareholders should not use the information provided in this notice for tax reporting purposes.
ESTIMATED % BREAKDOWN OF DISTRIBUTION SOURCES -------------------------------------------- NET INCOME FOR ACCUMULATED THE CURRENT OR UNDISTRIBUTED PRECEDING NET PROFITS PAID-IN FISCAL YEAR, FROM THE SALE SURPLUS AND ACCUMULATED OF SECURITIES OR OTHER UNDISTRIBUTED NET OR OTHER CAPITAL PORTFOLIO NAME INCOME PROPERTIES SOURCE -------------- ----------------- ------------- -------- DFA Two-Year Fixed Income Portfolio December 15, 2017................ 84% 0% 16% DFA Two-Year Government Portfolio December 15, 2017................ 83% 0% 17%
The ultimate composition of these distributions may vary from the estimates provided above due to a variety of factors including future income and expenses, and realized gains and losses from the purchase and sale of securities. 261 VOTING PROXIES ON FUND PORTFOLIO SECURITIES A description of the policies and procedures that the Fund uses in voting proxies relating to securities held in the portfolio is available (1) without charge, upon request, by calling collect: (512) 306-7400; (2) from the Advisor's website at http://us.dimensional.com; and (3) on the SEC's website at http://www.sec.gov. Information regarding how the Advisor votes these proxies is available from the EDGAR database on the SEC's website at http://www.sec.gov and from the Advisor's website at http://us.dimensional.com and reflects the twelve-month period beginning July 1st and ending June 30th. 262 BOARD APPROVAL OF INVESTMENT MANAGEMENT AGREEMENTS At the Board meeting held on December 14-15, 2017 (the "Meeting"), the Boards of Directors of DFA Investment Dimensions Group Inc. and Dimensional Investment Group Inc. (together, the "Board") considered the continuation of the investment management agreements for each portfolio (collectively, the "Funds") and, if applicable, a Fund's sub-advisory agreements. For certain Funds, Dimensional Fund Advisors Ltd. or DFA Australia Limited serves as a sub-advisor. (The investment management agreements and the sub-advisory agreements are referred to as the "Management Agreements," and the Advisor and sub-advisors are referred to as the "Advisor.") Prior to the Meeting, independent counsel to the Independent Board Members sent to the Advisor a request for information, which identified the information that the Independent Board Members wished to receive in order to consider the continuation of the Management Agreements. The Independent Board Members met with their independent counsel in advance of the Meeting to discuss the materials provided by the Advisor, the independent reports prepared by Morningstar Associates, LLC (the "Morningstar Reports"), and issues related to the continuation of the Management Agreements. Also in advance of the Meeting, management provided additional materials to address and respond to questions that the Independent Board Members posed after their review and analysis of materials provided by the Advisor and the Morningstar Reports. At the Meeting, the Board considered a number of factors when considering the continuation of each Management Agreement for a Fund, including: (i) the nature, extent and quality of services provided by the Advisor to each Fund; (ii) the performance of each Fund and the Advisor; (iii) the fees and expenses borne by each Fund; (iv) the profitability realized by the Advisor from the relationship with each Fund; and (v) whether economies of scale are realized by the Advisor with respect to each Fund as it grows larger, and the extent to which this is reflected in the level of the management fee charged. When considering the nature and quality of the services provided by the Advisor to a Fund, the Board reviewed: (a) the scope and depth of the Advisor's organization; (b) the experience and expertise of its investment professionals currently providing management services to the Fund; and (c) the Advisor's investment global advisory capabilities. The Board evaluated the Advisor's portfolio management process and discussed the unique features of the Advisor's investment approach. The Board also considered the nature and character of non-investment advisory services provided by the Advisor, including administrative services. After analyzing the caliber of services provided by the Advisor to each Fund, both quantitatively and qualitatively, including the impact of these services on investment performance, the Board concluded that the nature, extent and quality of services provided to each Fund were consistent with the operational requirements of the Fund and met the needs of the shareholders of the Fund. In considering the performance of each Fund, the Board analyzed the Morningstar Reports, which compared the performance of each Fund with other funds in its respective peer group and investment category. The Board also reviewed the performance analysis prepared by the Advisor, which presented the performance of each Fund and its benchmark index, over multiple performance periods, along with the Advisor's explanation of the performance. The Board concluded that the Advisor's explanations provided a sound basis for understanding the comparative performance of the Funds. The Board determined, among other things, that after considering each Fund's investment strategies and the expectations of its shareholder base, the performance of each Fund was reasonable as compared with relevant performance standards and appropriate market indexes. When considering the fees and expenses borne by each Fund, and considering the reasonableness of the management fees paid to the Advisor in light of the services provided to the Fund and any additional benefits received by the Advisor in connection with providing such services, the Board compared the fees charged by the Advisor to the Fund to the fees charged to the funds in its peer group for comparable services as provided in the Morningstar Reports. The Board concluded that the effective management fees and total expenses of each Fund over various periods were favorable in relation to those of its peer funds, and that the management fees were fair, both on an absolute basis and in comparison with the fees of other funds identified in the peer groups and the industry at large. The Board considered the profitability of each Fund to the Advisor by reviewing the profitability analysis provided by the Advisor, including information about its fee revenues and income. The Board reviewed the overall profitability of the Advisor, and the compensation that it received for providing services to each Fund. The Board considered the profitability to the Advisor of managing and servicing the Funds and the Advisor's unregistered clients, such as collective trusts, group trusts and separate accounts. Upon closely examining the Advisor's profitability, the Board concluded, among other things, that it was reasonable. The Board also discussed whether economies of scale are realized by the Advisor with respect to each Fund as it grows larger, and the extent to which this is reflected in the level of management fees charged. For several reasons, the Board concluded that economies of scale and the reflection of such economies of scale in the level of management fees charged were inapplicable to each Fund at the present time, due to the current level of fees and expenses and the profitability of the Fund. After full consideration of the factors discussed above, with no single factor identified as being of paramount importance, the Board, including the Independent Board Members, with the assistance of independent counsel, concluded that the continuation of the Management Agreement for each Fund was in the best interests of the Fund and its shareholders. 263 DFA043018-024S [LOGO] 00211515 ITEM 2. CODE OF ETHICS. Not applicable when filing a semi-annual report to shareholders. ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT. Not applicable when filing a semi-annual report to shareholders. ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES. Not applicable when filing a semi-annual report to shareholders. ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS. This item is not applicable to the Registrant because it is not a listed issuer. ITEM 6. INVESTMENTS. (a)Not applicable. (b)Not applicable. ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. This item is not applicable to the Registrant, which is an open-end management investment company. ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES. This item is not applicable to the Registrant, which is an open-end management investment company. ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS. This item is not applicable to the Registrant, which is an open-end management investment company. ITEM 10.SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. None. ITEM 11.CONTROLS AND PROCEDURES. (a) Based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this Form N-CSR/A (the "Report"), the Registrant's Co-Principal Executive Officers and Principal Financial Officer believe that the disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effectively designed to ensure that information required to be disclosed by the Registrant in the Report is recorded, processed, summarized and reported by the filing date, including ensuring that information required to be disclosed in the Report is accumulated and communicated to the Registrant's officers that are making certifications in the Report, as appropriate, to allow timely decisions regarding required disclosure. The Registrant's management, including the Co-Principal Executive Officers and the Principal Financial Officer, recognizes that any set of controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. (b) There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940, as amended) that occurred during the second fiscal quarter of the period covered by this Report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting. ITEM 12.DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. This item is not applicable to the Registrant, which is an open-end management investment company. ITEM 13.EXHIBITS. (a)(1)This item is not applicable. (a)(2)Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are filed herewith. (a)(3)This item is not applicable. (b) Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 are filed herewith. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. Dimensional Investment Group Inc. By: /s/ David P. Butler ------------------------------------ David P. Butler Co-Chief Executive Officer Date: August 31, 2018 By: /s/ Gerard K. O'Reilly ------------------------------------ Gerard K. O'Reilly Co-Chief Executive Officer and Chief Investment Officer Date: August 31, 2018 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. By: /s/ David P. Butler ------------------------------------ David P. Butler Co-Principal Executive Officer Dimensional Investment Group Inc. Date: August 31, 2018 By: /s/ Gerard K. O'Reilly ------------------------------------ Gerard K. O'Reilly Co-Principal Executive Officer Dimensional Investment Group Inc. Date: August 31, 2018 By: /s/ Gregory K. Hinkle ------------------------------------ Gregory K. Hinkle Principal Financial Officer Dimensional Investment Group Inc. Date: August 31, 2018