Fund Description

The fund was incepted in December 1998 and is managed by Dimensional Fund Advisors Inc. The fund seeks to achieve long-term capital appreciation. The fund invests in securities of US companies whose size (market capitalization) falls within the largest 95% of the market universe. The market universe is comprised of companies listed on the New York Stock Exchange, American Stock Exchange, and NASDAQ National Market System. The fund invests in value stocks and securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value. In assessing value, additional factors such as price to cash flow or price to earning ratios may be considered, as well as economic conditions and developments in the issuer's industry. The fund seeks to minimize the impact of federal taxes on returns by deferring the realization of net capital gains and minimizing the receipt of dividend income in order to minimize the taxable distributions to investors. Dividends are distributed quarterly. Capital gains are distributed annually.