Strategy. To achieve the Funds investment objective, Dimensional Fund Advisors LP, the Funds sub-adviser (Sub-Adviser), implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As further described below, the Funds design emphasizes long-term drivers of expected returns identified by the Sub-Advisers research, while balancing risk through broad diversification across companies and sectors. The Sub-Advisers portfolio management and trading processes further balance those long-term drivers of expected returns with shorter-term drivers of expected returns and trading costs. The Fund is designed to purchase a broad and diverse group of securities of non-U.S. companies in developed markets. Under normal circumstances, the Fund will invest at least 80% of its assets (net assets plus the amount of any … Show more… To achieve the Funds investment objective, Dimensional Fund Advisors LP, the Funds sub-adviser (Sub-Adviser), implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As further described below, the Funds design emphasizes long-term drivers of expected returns identified by the Sub-Advisers research, while balancing risk through broad diversification across companies and sectors. The Sub-Advisers portfolio management and trading processes further balance those long-term drivers of expected returns with shorter-term drivers of expected returns and trading costs. The Fund is designed to purchase a broad and diverse group of securities of non-U.S. companies in developed markets. Under normal circumstances, the Fund will invest at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in non-U.S. equity securities and/or investments that provide exposure to non-U.S. securities. The Fund invests in companies of all sizes, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies as compared to their representation in the International Universe. For purposes of this Fund, the Sub-Adviser defines the International Universe as a market capitalization weighted set (e.g., the larger the company, the greater the proportion of the International Universe it represents) of non-U.S. companies in developed markets that have been authorized as approved markets for investment by the Sub-Advisers Investment Committee. Please refer to the statutory prospectus for a list of approved markets. The Funds increased exposure to smaller capitalization, lower relative price, and higher profitability companies may be achieved by decreasing the allocation of the Funds assets to larger capitalization, higher relative price, or lower profitability companies relative to their weight in the International Universe. An equity issuer is considered to have a high relative price (i.e., a growth stock) primarily because it has a high price in relation to its book value. An equity issuer is considered to have a low relative price (i.e., a value stock) primarily because it has a low price in relation to its book value. In assessing relative price, the Sub-Adviser may consider additional factors such as price to cash flow or price to earnings ratios. An equity issuer is considered to have high profitability because it has high earnings or profits from operations in relation to its book value or assets. The criteria the Sub-Adviser uses for assessing relative price and profitability are subject to change from time to time. Under normal circumstances, the Fund intends to invest at least 40% of its assets in three or more non-U.S. countries by investing in securities of companies associated with such countries. The Fund intends to purchase securities of companies associated with developed market countries that the Sub-Adviser has designated as approved markets. The Sub-Adviser determines company size on a country- or region-specific basis and based primarily on market capitalization. The percentage allocation of the assets of the Fund to securities of the largest high relative price companies will generally be reduced from between 5% and 35% of their percentage weight in the International Universe. The percentage by which the Funds allocation to securities of the largest high relative price companies is reduced will change due to market movements and other factors. The Sub-Adviser may also increase or reduce the Funds exposure to an eligible company, or exclude a company, based on shorter-term considerations, such as a companys price momentum, short run-reversals, and investment characteristics. In assessing a companys investment characteristics, the Sub-Adviser considers ratios such as recent changes in assets divided by total assets. The criteria the Sub-Adviser uses for assessing a companys investment characteristics are subject to change from time to time. In addition, the Sub-Adviser seeks to reduce trading costs using a flexible trading approach that looks for opportunities to participate in the available market liquidity, while managing turnover and explicit transaction costs. The Fund may gain exposure to companies associated with approved markets by purchasing equity securities in the form of depositary receipts, which may be listed or traded outside the issuers domicile country. The Fund also may purchase or sell futures contracts and options on futures contracts for foreign or U.S. equity securities and indices to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Fund. Because many of the Funds investments may be denominated in foreign currencies, the Fund may enter into foreign currency exchange transactions, including foreign currency forward contracts, in connection with the settlement of foreign securities or to transfer cash balances from one currency to another currency. Show less