FREE MARKET FUNDS
|
||||||||
FREE MARKET U.S. EQUITY FUND
|
||||||||
PORTFOLIO OF INVESTMENTS
|
||||||||
NOVEMBER 30, 2021 (UNAUDITED)
|
||||||||
NUMBER OF
SHARES
|
VALUE
|
|||||||
DOMESTIC EQUITY FUNDS — 99.9%
|
||||||||
iShares Core S&P 500 ETF
|
440,325
|
$
|
201,505,930
|
|||||
iShares MSCI USA Value Factor ETF
|
2,252,599
|
230,260,670
|
||||||
U.S. Large Cap Value Portfolio III (a)
|
21,937,267
|
660,969,841
|
||||||
U.S. Large Cap Value Series (b)
|
2,825,615
|
187,507,842
|
||||||
U.S. Large Company Portfolio (a)
|
10,181,343
|
349,321,871
|
||||||
U.S. Micro Cap Portfolio (c)
|
18,741,312
|
543,685,464
|
||||||
U.S. Small Cap Portfolio (c)
|
11,427,602
|
543,496,737
|
||||||
U.S. Small Cap Value Portfolio (c)
|
19,726,381
|
892,816,002
|
||||||
TOTAL DOMESTIC EQUITY FUNDS
|
||||||||
(Cost $1,990,374,488)
|
3,609,564,357
|
|||||||
SHORT-TERM INVESTMENTS — 0.1%
|
||||||||
STIT-Government & Agency Portfolio, 0.03%*
|
3,123,606
|
3,123,606
|
||||||
TOTAL SHORT-TERM INVESTMENTS
|
||||||||
(Cost $3,123,606)
|
3,123,606
|
|||||||
TOTAL INVESTMENTS — 100.0%
|
||||||||
(Cost $1,993,498,094)
|
3,612,687,963
|
|||||||
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.0%
|
1,963,104
|
|||||||
NET ASSETS — 100.0%
|
$
|
3,614,651,067
|
* Seven-day yield as of November 30, 2021.
|
||||
(a) A portfolio of Dimensional Investment Group Inc.
|
||||
(b) A portfolio of DFA Investment Trust Company.
|
||||
(c) A portfolio of DFA Investment Dimensions Group Inc.
|
||||
ETF Exchange-Traded Fund
|
||||
Portfolio holdings are subject to change at any time.
|
||||
The accompanying notes are an integral part of the portfolio of investments.
|
FREE MARKET FUNDS
|
NOTES TO PORTFOLIO OF INVESTMENTS
|
NOVEMBER 30, 2021 (UNAUDITED)
|
FAIR VALUE MEASUREMENTS — The inputs and valuation techniques used to measure fair value of the Fund’s investments are summarized into three levels as described in the
hierarchy below:
|
||||||||||
|
||||||||||
• Level 1 — Prices are determined using quoted prices in active markets for identical securities.
|
||||||||||
• Level 2 — Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk,
etc.).
|
||||||||||
• Level 3 — Prices are determined using significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).
|
||||||||||
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
|
||||||||||
The following is a summary of inputs used, as of November 30, 2021, in valuing the Fund's investments carried at fair value:
|
FREE MARKET U.S. EQUITY FUND
|
||||||||||||||||||||
TOTAL
|
LEVEL 1
|
LEVEL 2
|
LEVEL 3
|
INVESTMENTS
MEASURED AT NET
ASSET VALUE*
|
||||||||||||||||
Domestic Equity Funds
|
3,609,564,357
|
$
|
3,422,056,515
|
$
|
-
|
$
|
-
|
$
|
187,507,842
|
|||||||||||
Short-Term Investments
|
3,123,606
|
3,123,606
|
-
|
-
|
-
|
|||||||||||||||
Total Investments**
|
$
|
3,612,687,963
|
$
|
3,425,180,121
|
$
|
-
|
$
|
-
|
$
|
187,507,842
|
||||||||||
** Please refer to the Portfolio of Investments for further details.
|
For the period ending Novmeber 30, 2021, the Fund had no Level 3 transfers.
|
||||||||||
For more information with regard to significant accounting policies, see the most recent semi-annual or annual report filed with the Securities and Exchange Commission.
|