N-CSR

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-7440

DIMENSIONAL EMERGING MARKETS VALUE FUND

(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, Vice President and Secretary

Dimensional Emerging Markets Value Fund,

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: October 31, 2010

ITEM 1. REPORTS TO STOCKHOLDERS.

ANNUAL REPORT

year ended: October 31, 2010

DFA INVESTMENT DIMENSIONS GROUP INC.

DIMENSIONAL INVESTMENT GROUP INC.

THE DFA INVESTMENT TRUST COMPANY

DIMENSIONAL EMERGING MARKETS VALUE FUND

Dimensional Fund Advisors

6300 Bee Cave Road, Building One

Austin, TX 78746

November 2010

Dear Fellow Shareholder,

In 2011, Dimensional celebrates its thirtieth anniversary. Our growth — from a start-up business working out of my Brooklyn apartment to a global investment firm with offices in six countries — has been greater than we could ever have predicted. We take a lot of pride in what we have been able to accomplish.

The Dimensional business model, at its most basic, is about ideas and the implementation of those ideas. We’ve built Dimensional on a set of ideas that have revolutionized finance over the last fifty years. We work closely with academics like Gene Fama, Ken French, and Robert Merton who have been at the forefront in developing the field of modern finance. This great partnership with leading thinkers has carried us over the last thirty years. It is the principle of comparative advantage at its best. The thinkers work on developing the ideas, and we find the best ways to implement those ideas for our clients.

Working together with academics and our clients, we have helped change the world. It’s great to know that it is still possible to do well by doing good.

Sincerely,

David G. Booth

Chairman and Co-Chief Executive Officer

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ANNUAL REPORT

Table of Contents

	Page
Letter to Shareholders
Definitions of Abbreviations and Footnotes		1
DFA Investment Dimensions Group Inc.
Performance Charts		3
Management’s Discussion and Analysis		13
Disclosure of Fund Expenses		25
Disclosure of Portfolio Holdings		30
Schedules of Investments/Summary Schedules of Portfolio Holdings
Enhanced U.S. Large Company Portfolio		33
U.S. Large Cap Value Portfolio		36
U.S. Targeted Value Portfolio		37
U.S. Small Cap Value Portfolio		40
U.S. Core Equity 1 Portfolio		43
U.S. Core Equity 2 Portfolio		46
U.S. Vector Equity Portfolio		49
U.S. Small Cap Portfolio		52
U.S. Micro Cap Portfolio		55
DFA Real Estate Securities Portfolio		58
Large Cap International Portfolio		60
International Core Equity Portfolio		64
International Small Company Portfolio		69
Japanese Small Company Portfolio		70
Asia Pacific Small Company Portfolio		70
United Kingdom Small Company Portfolio		71
Continental Small Company Portfolio		71
DFA International Real Estate Securities Portfolio		72
DFA Global Real Estate Securities Portfolio		76
DFA International Small Cap Value Portfolio		77
International Vector Equity Portfolio		82
Emerging Markets Portfolio		87
Emerging Markets Small Cap Portfolio		87
Emerging Markets Value Portfolio		88
Emerging Markets Core Equity Portfolio		89
Statements of Assets and Liabilities		94
Statements of Operations		101
Statements of Changes in Net Assets		108
Financial Highlights		117
Notes to Financial Statements		133
Report of Independent Registered Public Accounting Firm		158

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Table of Contents

Continued

	Page
Dimensional Investment Group Inc.
Performance Charts		159
Management’s Discussion and Analysis		160
Disclosure of Fund Expenses		164
Disclosure of Portfolio Holdings		166
Schedule of Investments/Summary Schedule of Portfolio Holdings
DFA International Value Portfolio		167
U.S. Large Company Portfolio (formerly, U.S. Large Company Institutional Index Portfolio)		168
Statements of Assets and Liabilities		171
Statements of Operations		172
Statements of Changes in Net Assets		173
Financial Highlights		174
Notes to Financial Statements		176
Report of Independent Registered Public Accounting Firm		188

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Table of Contents

Continued

	Page
The DFA Investment Trust Company
Performance Charts		189
Management’s Discussion and Analysis		192
Disclosure of Fund Expenses		198
Disclosure of Portfolio Holdings		200
Schedules of Investments/Summary Schedules of Portfolio Holdings
The U.S. Large Cap Value Series		202
The DFA International Value Series		205
The Japanese Small Company Series		209
The Asia Pacific Small Company Series		212
The United Kingdom Small Company Series		215
The Continental Small Company Series		218
The Canadian Small Company Series		222
The Emerging Markets Series		225
The Emerging Markets Small Cap Series		229
Statements of Assets and Liabilities		233
Statements of Operations		235
Statements of Changes in Net Assets		237
Financial Highlights		240
Notes to Financial Statements		245
Report of Independent Registered Public Accounting Firm		255
Dimensional Emerging Markets Value Fund
Performance Chart		256
Management’s Discussion and Analysis		257
Disclosure of Fund Expenses		259
Disclosure of Portfolio Holdings		260
Summary Schedule of Portfolio Holdings		261
Statement of Assets and Liabilities		266
Statement of Operations		267
Statements of Changes in Net Assets		268
Financial Highlights		269
Notes to Financial Statements		270
Report of Independent Registered Public Accounting Firm		278
Fund Management		279
Voting Proxies on Fund Portfolio Securities		287
Notice to Shareholders		288

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.

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DFA INVESTMENT DIMENSIONS GROUP INC.

DIMENSIONAL INVESTMENT GROUP INC.

THE DFA INVESTMENT TRUST COMPANY

DIMENSIONAL EMERGING MARKETS VALUE FUND

DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES

Schedules of Investments/Summary Schedules of Portfolio Holdings

Investment Abbreviations
	ADR	American Depositary Receipt
	FHLMC	Federal Home Loan Mortgage Corporation
	FNMA	Federal National Mortgage Association
	GDR	Global Depositary Receipt
	P.L.C.	Public Limited Company
	REIT	Real Estate Investment Trust
	SPDR	Standard & Poor’s Depository Receipts
Investment Footnotes
	†	See Note B to Financial Statements.
	††	Securities have generally been fair valued. See Note B to Financial Statements.
	**	Calculated as a percentage of total net assets. Percentages shown parenthetically next to the category headings have been calculated as a percentage of total investments. “Other Securities” are those securities that are not among the top 50 holdings of the Fund or do not represent more than 1.0% of the net assets of the Fund. Some of the individual securities within this category may include Total or Partial Securities on Loan and/or Non-Income Producing Securities.
	*	Non-Income Producing Securities.
	#	Total or Partial Securities on Loan.
	^	Denominated in local currency or the Euro, unless otherwise noted.
	@	Security purchased with cash proceeds from Securities on Loan.
	(r)	The adjustable rate shown is effective as of October 31, 2010.
	(y)	The rate shown is the effective yield.
	(g)	Face Amount denominated in British Pounds.
	(e)	Face Amount denominated in Euro.
	(u)	Face Amount denominated in United States Dollars.
	v	Security segregated as collateral for the Open Futures Contracts.
	§	Affiliated Fund.
	##	Par amount of collateral is a part of a pooled collateral facility. Value is indicative of the value allocated to this Fund/Portfolio/Series as a part of this facility.
Financial Highlights
	(A)	Computed using average shares outstanding.
	(B)	Annualized
	(C)	Non-Annualized
	(D)	Represents the combined ratios for the respective portfolio and its respective pro-rata share of its
		Master Funds.
	(E)	Because of commencement of operations and related preliminary transaction costs, these ratios
		are not necessarily indicative of future ratios.

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DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES

CONTINUED

All Statements, Schedules and Notes to Financial Statements
—	Amounts designated as — are either zero or rounded to zero.
RIC	Registered Investment Company
SEC	Securities and Exchange Commission
(a)	Commencement of Operations.

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DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

3

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

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DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

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DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

6

DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

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DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

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DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

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DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

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DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

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DFA INVESTMENT DIMENSIONS GROUP INC.

PERFORMANCE CHARTS

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DFA INVESTMENT DIMENSIONS GROUP INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS

U.S. Equity Market Review 12 Months Ended October 31, 2010

The year ending October 31, 2010, was a relatively volatile period for U.S. equities. Broad market returns were positive, with the Russell 3000^® Index returning 18.34%. Stocks represented by the Russell Midcap^® Index outperformed those within both the Russell 2000^® Index (small caps) and the Russell 1000^® Index (large caps). Meanwhile, stocks represented by the Russell 1000^® Growth Index outperformed those represented by the Russell 1000^® Value Index.

While market returns were positive through April 2010, stocks retreated in May and June, marking new lows for the fiscal year in early July. Then in September, stocks began a sharp rise which continued through October. Over the course of the fiscal year, the small company premium within the Russell 3000^® Index was positive, while the value premium was negative as investors’ risk tolerance shifted, and general economic conditions evolved.

Among the most important factors explaining differences in the behavior of diversified equity portfolios are the company size and company value/growth characteristics of the portfolio’s holdings. Size is measured by market capitalization, and value classification is a function of stock price relative to one or more fundamental characteristics. Compared to other stocks, value stocks often have lower market value relative to their earnings, dividends, and book value.

For the 12 months ended October 31, 2010, the total return of the Russell Microcap^® Index was 25.08%, the Russell 2000^® Index was 26.57%, the CRSP 6-10 Index was 28.76%, and the MSCI US Small Cap 1750 Index was 28.35%. Large cap growth stocks outperformed large cap value stocks, as measured by the Russell 1000^® Growth Index and Russell 1000^® Value Index. Small cap growth stocks outperformed small cap value stocks as measured by the Russell 2000^® Growth Index and Russell 2000^® Value Index.

Total Return for 12 Months Ended October 31, 2010

Russell 2000® Index (small cap companies)	26.57	%
Russell Midcap® Index (mid cap companies)	27.73	%
Russell 1000® Index (large cap companies)	17.65	%
Russell 3000® Value Index	16.41	%
Russell 3000® Growth Index	20.32	%

Further dividing the large, mid, and small cap market segments by value and growth characteristics shows more detail in the performance differences over the period.

Total Return for 12 Months Ended October 31, 2010

Russell 1000® Value Index (large cap value companies)	15.72	%
Russell 1000® Growth Index (large cap growth companies)	19.66	%
Russell Midcap® Value Index (mid cap value companies)	27.50	%
Russell Midcap® Growth Index (mid cap growth companies)	28.03	%
Russell 2500® Value Index (small/mid cap value companies)	26.89	%
Russell 2500® Growth Index (small/mid cap growth companies)	28.76	%
Russell 2000® Value Index (small cap value companies)	24.43	%
Russell 2000® Growth Index (small cap growth companies)	28.66	%

Source: Russell data copyright ^© Russell Investment Group 1995-2010, all rights reserved.

Differences in returns for the various Dimensional U.S. equity funds over the 12 months ended October 31, 2010 were attributable primarily to differences in value/growth and size characteristics as well as the exclusion of REIT securities from most Dimensional portfolios, except for the DFA Real Estate Securities Portfolio and the U.S.

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Large Company Portfolio. Moreover, the portfolio construction approach used by Dimensional Fund Advisors (the “Advisor”) generally resulted in portfolios with greater emphasis on value or small company characteristics relative to widely used index benchmarks.

Master-Feeder Structure

Certain portfolios described below, called “Feeder Funds,” do not buy individual securities directly; instead, these portfolios invest in corresponding funds called “Master Funds.” Master Funds, in turn, purchase stocks and/or other securities.

Domestic Equity Portfolios’ Performance Overview

Enhanced U.S. Large Company Portfolio

The Enhanced U.S. Large Company Portfolio seeks to outperform the S&P 500^® Index by using an “enhanced cash” strategy. This strategy combines investment in high-grade, short-term fixed income instruments with an overlay of S&P 500^® Index futures contracts, swaps, and/or ETFs. For the 12 months ended October 31, 2010, approximately 97% of the overlay instruments consisted of S&P 500^® Index futures contracts. ETFs completed the equity exposure for the last month of the fiscal year. The behavior of S&P 500^® Index futures contracts and ETFs linked to the S&P 500^® Index is determined principally by the performance of the S&P 500^® Index.

For the 12 months ended October 31, 2010, the total return was 17.40% for the Portfolio and 16.52% for the S&P 500^® Index. Relative to the Index, the Portfolio’s outperformance was primarily due to the fixed income component of the Portfolio exceeding the interest rate embedded in the Portfolio’s S&P 500^® futures contracts. The Portfolio’s concentration in government agency and corporate fixed income securities with maturities between one and two years had the most significant contribution to the outperformance. As interest rates declined during the period, these securities generated a positive return, adding to the positive return of the S&P 500^® Index.

U.S. Large Cap Value Portfolio

The U.S. Large Cap Value Portfolio seeks to capture the returns of U.S. large company value stocks by purchasing shares of a Master Fund that invests in such stocks. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to large cap value stocks, but does not attempt to closely track a specific equity index. As of October 31, 2010, the Master Fund held 211 stocks and was mostly invested in equities throughout the year: the average cash level for the period was less than 1% of the Master Fund’s assets.

For the 12 months ended October 31, 2010, total returns were 19.72% for the Portfolio and 15.72% for the Russell 1000^® Value Index. Relative to the Index, the Master Fund’s higher concentration in securities with the most prominent value characteristics and composition differences among the Master Fund’s value stocks added approximately 4.2% to the relative performance. Differences in allocation and composition between the Master Fund and the Index across the market capitalization segments contributed to the outperformance, particularly the Master Fund’s smaller allocation to the largest stocks and the composition of those stocks which added approximately 2.9% to the relative performance. The Master Fund’s exclusion of REITs had a negative impact of approximately 0.7%relative to the Index as REITs was the best-performing sector over the period.

U.S. Targeted Value Portfolio

The U.S. Targeted Value Portfolio seeks to capture the returns of U.S. small and mid capitalization value stocks. The investment strategy employed by the U.S. Targeted Value Portfolio is a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to small and mid cap value stocks, but does not attempt to closely track a specific equity index. As of October 31, 2010, the Portfolio held 1,526 stocks, and was mostly invested in equities throughout the year: the average cash level for the period was less than 1% of the Portfolio’s assets.

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As a result of the Portfolio’s diversified investment approach, performance was determined principally by broad structural trends in the U.S. equity market, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 27.02% for the Portfolio’s Institutional class shares, 26.93% for the Portfolio’s Class R1 shares, 26.66% for the Portfolio’s Class R2 shares, and 24.43% for the Russell 2000^® Value Index. Relative to the Index, the Portfolio’s higher concentration in securities with the most prominent value characteristics contributed to outperformance. The Portfolio’s deep value stocks (52% of the Portfolio compared to 43% of the Index) added approximately 0.8% relative to the Index. Differences in sector composition between the Portfolio and Index also contributed to the performance of the Portfolio over the Index.

U.S. Small Cap Value Portfolio

The U.S. Small Cap Value Portfolio seeks to capture the returns of U.S. small company value stocks. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to small company and value stocks. The portfolio does not attempt to closely track a specific index. As of October 31, 2010, the Portfolio held 1,529 stocks and was mostly invested in equities throughout the year: the average cash level for the period was less than 1% of the Portfolio’s assets.

As a result of the Portfolio’s diversified investment approach, performance was determined principally by broad structural trends in the U.S. equity market, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 27.69% for the Portfolio and 24.43% for the Russell 2000^® Value Index. Relative to the Index, the Portfolio’s higher concentration in securities with the most prominent value characteristics added approximately 2.5% relative to the Index. The smallest stocks added approximately 1.5% to the Portfolio’s relative performance.

U.S. Core Equity 1 Portfolio

The U.S. Core Equity 1 Portfolio seeks to capture the returns of the total U.S. market universe, with increased exposure to smaller company stocks and those stocks with value characteristics as measured by book-to-market ratio. The investment strategy employs a disciplined, quantitative approach, emphasizing wide diversification and comprehensive exposure to U.S. stocks, but does not attempt to closely track a specific equity index. As of October 31, 2010, the Portfolio held 3,333 stocks and was mostly invested in equities throughout the year: the average cash level for the period was less than 1% of the Portfolio’s assets.

As a result of the Portfolio’s diversified investment approach, performance was determined principally by broad structural trends in the U.S. equity market, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 20.80% for the Portfolio and 18.34% for the Russell 3000^® Index. In general, U.S. large cap stocks significantly underperformed U.S. mid cap and small cap stocks over the period. The Portfolio’s lower allocation than the Index to large cap stocks and its greater allocation to mid cap and small cap stocks were the primary sources of the Portfolio’s relative outperformance.

U.S. Core Equity 2 Portfolio

The U.S. Core Equity 2 Portfolio seeks to capture the returns of the total U.S. market universe with greater exposure to smaller company stocks and those stocks with value characteristics as measured by book-to-market ratio than the U.S. Core Equity 1 Portfolio. The investment strategy employs a disciplined, quantitative approach, emphasizing wide diversification and comprehensive exposure to U.S. stocks, but does not attempt to closely track a specific equity index. As of October 31, 2010, the Portfolio held 3,452 stocks and was mostly invested in equities throughout the year: the average cash level for the period was less than 1% of the Portfolio’s assets.

As a result of the Portfolio’s diversified investment approach, performance was determined principally by broad structural trends in the U.S. equity market, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 21.41% for the Portfolio and 18.34% for the Russell 3000^® Index. In general, U.S. large cap stocks significantly underperformed U.S. mid cap and small cap stocks over the period. The Portfolio’s lower allocation than the Index to large cap stocks and its greater allocation to mid cap and small cap stocks were the primary sources of the Portfolio’s relative outperformance.

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U.S. Vector Equity Portfolio

The U.S. Vector Equity Portfolio seeks to capture the returns of a broadly diversified basket of U.S. stocks with stronger exposure to smaller company stocks and those stocks with value characteristics as measured by book-to-market ratio than the U.S. Core Equity 2 Portfolio. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification, but does not attempt to closely track a specific equity index. As of October 31, 2010, the Portfolio held 3,226 stocks and essentially was mostly invested in equities throughout the year: the average cash level for the period was less than 1% of the Portfolio’s assets.

As a result of the Portfolio’s diversified investment approach, performance was determined principally by broad structural trends in the U.S. equity market, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 23.65% for the Portfolio and 27.75% for the Russell 2500^® Index. In general, U.S. large cap stocks significantly underperformed U.S. mid cap and small cap stocks over the period. The Portfolio’s allocation to large cap stocks was 22% on average, and these stocks were not represented in the Index. The Portfolio’s allocation to large cap stocks was the primary source of the Portfolio’s relative underperformance.

U.S. Small Cap Portfolio

The U.S. Small Cap Portfolio seeks to capture the returns of U.S. small company stocks. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to small company stocks, but does not attempt to closely track a specific equity index. As of October 31, 2010, the Portfolio held 2,685 stocks and was mostly invested in equities throughout the year: the average cash level for the period was less than 1% of the Portfolio’s assets.

As a result of the Portfolio’s diversified investment approach, performance was determined principally by broad structural trends in the U.S. equity market, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 28.99% for the Portfolio and 26.57% for the Russell 2000^® Index. Relative to the Index, the Portfolio’s outperformance was primarily due to differences in Portfolio composition, which added approximately 2.3% to relative performance. The smallest stocks added approximately 1.0% to the Portfolio’s relative performance.

U.S. Micro Cap Portfolio

The U.S. Micro Cap Portfolio seeks to capture the returns of very small U.S. company stocks. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to very small company stocks, but does not attempt to closely track a specific equity index. As of October 31, 2010, the Portfolio held 2,300 stocks and was mostly invested in equities throughout the year: the average cash level for the period was less than 1% of the Portfolio’s assets.

As a result of the Portfolio’s diversified investment approach, performance was determined principally by broad structural trends in the U.S. equity market, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 28.77% for the Portfolio and 26.57% for the Russell 2000^® Index. The Portfolio’s allocation to micro cap stocks, on average 41% more than the Index, and the composition of those stocks added approximately 2.0% to the Portfolio’s outperformance.

DFA Real Estate Securities Portfolio

The DFA Real Estate Securities Portfolio is designed to capture the returns of a broadly diversified portfolio of real estate securities (e.g., REITs), but does not attempt to closely track a specific index. As of October 31, 2010, the Portfolio held 106 REITs and was mostly invested in equities throughout the year: the average cash level for the period was less than 1% of the Portfolio’s assets.

As a result of the Portfolio’s diversified investment approach, performance was determined principally by broad structural trends in the U.S. real estate securities market, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 43.21% for the Portfolio, 42.63% for the Dow Jones U.S. Select REIT Index, and 16.52% for the S&P 500^® Index. The Portfolio’s greater diversification than the Dow

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Jones U.S. Select REIT Index, including a slightly greater allocation to the smallest REITs, contributed to the outperformance. The smallest REITs generally outperformed the broader Index.

International Equity Market Review 12 Months Ended October 31, 2010

The one-year period ending October 31, 2010 was characterized by relatively high levels of volatility in non-US developed markets. Broad market returns were positive, with stocks represented by the MSCI World ex USA Index (net dividends) returning 9.61%.

While market returns were positive in November and December of 2009, high volatility over the next five months — punctuated by an 11% drop in May — took developed non-US stocks to their lows for the fiscal year. In June, stocks began a sharp rise which continued through the remainder of the fiscal year as global economic data generally improved. As measured by the MSCI indices, growth stocks outperformed their value counterparts, while small cap stocks outperformed large caps.

12 Months Ended October 31, 2010

	U.S. Dollar Return
MSCI World ex USA Index		9.61%
MSCI World ex USA Small Cap Index		17.23%
MSCI World ex USA Value Index		6.38%
MSCI World ex USA Growth Index		12.87%

The performance of the US dollar (USD) was mixed against other major developed markets currencies during the period. While the USD rose slightly against the euro and British pound, it fell against most other G10 currencies, and in particular, against the Japanese yen.

12 Months Ended October 31, 2010

Ten Largest Foreign Developed Markets by Market Cap	Local Currency Return		U.S. Dollar Return
United Kingdom		16.07%		12.58%
Japan		-6.76%		4.78%
Canada		15.83%		22.62%
France		11.80%		5.31%
Australia		3.70%		12.50%
Germany		20.61%		13.61%
Switzerland		5.53%		9.90%
Spain		-2.96%		-8.59%
Sweden		17.82%		23.94%
Italy		0.69%		-5.14%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2010, all rights reserved.

Gains in emerging markets were higher on average than in developed markets, although results varied widely among the individual emerging markets countries. For the one-year period ended October 31, 2010, returns in US dollars were 23.56% for the MSCI Emerging Markets Index (net dividends) versus 9.61% for the MSCI World ex USA Index (net dividends). As measured by the MSCI indices, emerging markets growth stocks outperformed their value counterparts, while emerging markets small cap stocks outperformed large caps.

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12 Months Ended October 31, 2010	U.S. Dollar Return
MSCI Emerging Markets Index	23.56%
MSCI Emerging Markets Small Cap Index	37.02%
MSCI Emerging Markets Value Index	21.96%
MSCI Emerging Markets Growth Index	25.17%

The US dollar (USD) generally depreciated against most major emerging markets currencies during the period, increasing most local country returns when denominated in USD

12 Months Ended October 31, 2010
Ten Largest Emerging Markets by Market Cap	Local Currency Return	U.S. Dollar Return
China	11.14%	11.11%
Brazil	11.67%	14.86%
South Korea	18.52%	24.52%
Taiwan	13.20%	20.23%
India	27.64%	34.93%
South Africa	18.71%	33.55%
Russia	19.19%	13.38%
Mexico	25.55%	33.87%
Malaysia	23.94%	35.93%
Indonesia	41.78%	51.50%

Source: Returns are of MSCI indices net of foreign withholding taxes on dividends. Copyright MSCI 2010, all rights reserved.

Global REIT Market Review

The publicly-traded global REIT market experienced significant levels of volatility during the one-year period ended October 31, 2010. While the market rose from mid-February through late April 2010, it gave back most of those gains in May and early June. The market turned sharply higher in July and rose throughout much of September and October, finshing the period at its highs for the fiscal year.

Over the course of the peirod, there was a wide degree of dispersion in country-level returns within the S&P Global REIT Index. A number of countries, including Canada, the U.S., Hong Kong, Singapore, and South Africa, returned over 40%. On the other hand, REITs in continental Europe and the UK significantly underperformed, as there were persistent concerns over financial conditions in the region. On a sector basis, residential and specialized REITs broadly outperformed the index, while industrial and diversified REITs were relative underperformers.

12 Months Ended October 31, 2010
	U.S. Dollar Return
S&P Global ex U.S. REIT Index (net dividends)	16.43%
S&P Global REIT Index (net dividends)	28.81%

Source: Standard Poor’s. Copyright S&P, 2010. All rights reserved.

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Master-Feeder Structure

Certain portfolios described below, called “Feeder Funds,” do not buy individual securities directly; instead, these portfolios invest in corresponding funds called “Master Funds.” The Master Funds, in turn, purchase stocks and/or other securities.

International Equity Portfolios’ Performance Overview

Large Cap International Portfolio

The Large Cap International Portfolio seeks to capture the returns of a broadly diversified basket of international large company stocks. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification, but does not attempt to track a specific equity index. As of October 31, 2010, the Portfolio held 1,283 stocks in 23 developed country markets. In general, the Portfolio was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Portfolio’s assets.

As a result of the Portfolio’s diversified investment approach, performance was determined principally by broad structural trends in the international equity markets, rather than by the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 10.99% for the Portfolio and 9.61% for the MSCI World ex USA Index (net dividends). The majority of the Portfolio’s relative outperformance was attributable to differences in the valuation timing and methodology between the Portfolio and the Index. The Portfolio prices foreign exchange rates at the closing of the U.S. markets, while the Index uses rates at 4 pm London time. The Portfolio utilizes fair value pricing to price portfolio securities at the closing of the U.S. markets, while the Index uses local market closing prices.

International Core Equity Portfolio

The International Core Equity Portfolio seeks to capture the returns of a broadly diversified basket of international stocks, with increased exposure to smaller company stocks and those with value characteristics as measured by book-to-market ratio. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification, but does not attempt to track a specific equity index. As of October 31, 2010, the Portfolio held 5,176 stocks in 23 developed country markets. In general, the Portfolio was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Portfolio’s assets.

As a result of the Portfolio’s diversified investment approach, performance was determined principally by broad structural trends in the international equity markets, rather than by the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 12.48% for the Portfolio and 9.61% for the MSCI World ex USA Index (net dividends). In general, international large cap stocks underperformed international mid cap and small cap stocks over the period. The Portfolio’s lower allocation than the Index to large cap stocks and its greater allocation to mid cap and small cap stocks were the primary sources of the Portfolio’s relative outperformance.

International Small Company Portfolio

The International Small Company Portfolio seeks to capture the returns of international small company stocks by purchasing shares of five Master Funds that invest individually in Canada, the United Kingdom, Continental Europe (including Israel and excluding the U.K.), Japan, and Asia Pacific. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to small company stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Master Funds collectively held 4,615 stocks in 23 developed country markets. In general, the Portfolio was fully invested in the Master Funds throughout the year. The combined average cash level for the period was less than 1% of the Portfolio’s assets.

Each of the Master Funds has a diversified investment approach. As a result, the Portfolio’s performance was determined principally by broad structural trends in international equity markets, rather than the behavior of a limited number of stocks. Over the period, international small company stocks outperformed international large company stocks. For the 12 months ended October 31, 2010, total returns were 17.61% for the Portfolio and 17.23%

19

for the MSCI World ex USA Small Cap Index (net dividends). The Portfolio and the Index held a number of securities in common but at different weights due to different methods for defining size and the Portfolio’s exclusion rules. For the one-year period ended October 31, 2010, overall differences generally offset each other with the end result that the Portfolio slightly outperformed the Index.

Japanese Small Company Portfolio

The Japanese Small Company Portfolio seeks to capture the returns of Japanese small company stocks by purchasing shares of a Master Fund that invests in such securities. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to small company stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Master Fund held 1,333 stocks. In general, the Master Fund was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Master Fund’s assets.

As a result of the Master Fund’s diversified investment approach, performance was determined principally by broad structural trends in the Japanese equity market, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 0.33% for the Portfolio and 1.12% for the MSCI Japan Small Cap Index (net dividends). Relative to the Index, the Portfolio’s underperformance was primarily due to its exclusion of REITs, as REITs were the best performing sector.

Asia Pacific Small Company Portfolio

The Asia Pacific Small Company Portfolio seeks to capture the returns of small company stocks in developed Asia Pacific markets, excluding Japan, by purchasing shares of a Master Fund that invests in such securities. The investments strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to small company stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Master Fund held 1,093 stocks, and assets were allocated mainly among four countries: Australia, Hong Kong, New Zealand, and Singapore. Country allocations generally reflect the approximate weights of individual securities within a universe of Asia Pacific small company stocks constructed by the Advisor. In general, the Master Fund was fully invested in equities during the period. The average cash level for period was less than 1% of the Master Fund’s assets.

As a result of the Master Fund’s diversified investment approach, performance was determined principally by broad structural trends in Asia Pacific equity markets rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 28.36% for the Portfolio and 25.77% for the MSCI Pacific ex Japan Small Cap Index (net dividends). The Portfolio’s relative outperformance was primarily attributable to differences in the valuation timing and methodology between the Master Fund and the Index. The Master Fund prices foreign exchange rates at the closing of the U.S. markets while the Index uses rates at 4 pm London time. The Master Fund utilizes fair value pricing to price portfolio securities at the closing of the U.S. markets while the Index uses local market closing prices.

United Kingdom Small Company Portfolio

The United Kingdom Small Company Portfolio seeks to capture the returns of U.K. small company stocks by purchasing shares of a Master Fund that invests in such securities. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to small company stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Master Fund held 375 stocks. In general, the Master Fund was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Master Fund’s assets.

As a result of the Master Fund’s diversified investment approach, performance was determined principally by broad structural trends in the U.K. equity market, rather than the behavior of a limited number of stocks. Over the period, U.K. small company stocks outperformed U.K. large company stocks. For the 12 months ended October 31, 2010, total returns were 25.37% for the Portfolio and 21.61% for the MSCI UK Small Cap Index (net dividends). The Master Fund holds a large number of stocks, and in most cases, no single stock will explain a significant amount of the performance difference relative to the Index. However, during the 12-month period ended

20

October 31, 2010, the Master Fund held two stocks that had a significant positive impact on relative performance. One stock was held at a higher weight than in the Index and the other stock was not present in the Index.

Continental Small Company Portfolio

The Continental Small Company Portfolio seeks to capture the returns of small company stocks in developed markets of Europe (excluding the U.K.) and Israel, by purchasing shares of a Master Fund that invests in such securities. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to small company stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Master Fund held 1,405 stocks in 15 developed continental European countries and Israel. Country allocations generally reflect the approximate weights of individual securities within a universe of continental European and Israeli small company stocks constructed by the Advisor. In general, the Master Fund was fully invested in equities throughout the year. The average cash level for period was less than 1% of the Master Fund’s assets.

As a result of the Master Fund’s diversified investment approach, performance was determined principally by broad structural trends in the continental European (excluding the U.K.) and Israeli equity markets, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 14.85% for the Portfolio and 15.17% for the MSCI Europe ex UK Small Cap Index (net dividends). The Master Fund and the Index held a number of securities in common but at different weights due to different methods for defining size and the Master Fund’s exclusion rules. For the one-year period ended October 31, 2010, overall differences generally offset each other with the end result that the Portfolio slightly underperformed the Index.

DFA International Real Estate Securities Portfolio

The DFA International Real Estate Securities Portfolio is designed to capture the returns of a broadly diversified portfolio of real estate securities in international markets, but does not attempt to track a specific index. As of October 31, 2010, the Portfolio held 194 stocks in 19 developed and emerging market countries. In general, the Portfolio was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Portfolio’s assets.

As a result of the Portfolio’s diversified approach, performance was determined principally by structural trends in international real estate securities markets, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 18.96% for the Portfolio, 17.60% for the S&P Global ex US REIT Index (gross dividends), and 16.43% for the S&P Global ex US REIT Index (net dividends). Relative to the Index (net dividends) the vast majority of the Portfolio’s relative outperformance was attributable to differences between the Index’s assumed withholding tax rates and the Portfolio’s actual withholding tax rates and to differences in the valuation timing and methodology between the Portfolio and the Index. The Portfolio prices foreign exchange rates at the closing of the U.S. markets while the Index uses rates at 4 pm London time. The Portfolio utilizes fair value pricing to price portfolio securities at the closing of the U.S. markets while the Index uses local market closing prices.

DFA Global Real Estate Securities Portfolio

The DFA Global Real Estate Securities Portfolio, a fund of funds, is designed to capture the returns of a broadly diversified portfolio of real estate securities in U.S. and international markets, but does not attempt to track a specific index. As of October 31, 2010, the Portfolio invested in the DFA International Real Estate Securities Portfolio and the DFA Real Estate Securities Portfolio. As of October 31, 2010, the Portfolio held 299 stocks, through its underlying funds, in 20 developed and emerging markets countries. In general, the Portfolio was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Portfolio’s assets.

As a result of the Portfolio’s diversified approach, performance was principally determined by structural trends in global real estate securities markets, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 31.38% for the Portfolio, 30.27% for the S&P Global REIT Index (gross dividends), and 28.81% for the S&P Global REIT Index (net dividends). Relative to the Index (net dividends), most of the Portfolio’s relative outperformance was attributable to differences between the Index’s assumed withholding

21

tax rates and the Portfolio’s actual withholding tax rates and, with respect to the Portfolio’s holdings of the DFA International Real Estate Securities Portfolio, to differences in the timing of the pricing of securities and foreign exchange rates between this portfolio and the Index. The DFA International Real Estate Securities Portfolio prices foreign exchange rates at the closing of the U.S. markets while the Index uses rates at 4 pm London time. The DFA International Real Estate Securities Portfolio utilizes fair value pricing to price its securities at the closing of the U.S. markets while the Index uses local market closing prices.

DFA International Small Cap Value Portfolio

The DFA International Small Cap Value Portfolio seeks to capture the returns of international small company value stocks. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to small company value stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Portfolio held 2,160 stocks in 23 developed countries. In general, the Portfolio was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Portfolio’s assets.

As a result of the Portfolio’s diversified investment approach, performance was determined principally by broad structural trends in international equity markets, rather than the behavior of a limited number of stocks. Over the period, international small stocks outperformed international large cap stocks and international value stocks underperformed international growth stocks. For the 12 months ended October 31, 2010, total returns were 10.01% for the Portfolio and 17.23% for the MSCI World ex USA Small Cap Index (net dividends). The primary reason for the Portfolio’s relative underperformance was its significantly greater allocation than the Index to value stocks, which underperformed, and its corresponding lower allocation to growth stocks, which outperformed.

International Vector Equity Portfolio

The International Vector Equity Portfolio seeks to capture the returns of a broadly diversified basket of international stocks, with increased exposure to smaller company stocks and those with value characteristics, as measured by book-to-market ratio, than the International Core Equity Portfolio. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification, but does not attempt to track a specific equity index. As of October 31, 2010, the Portfolio held 3,820 stocks in 23 developed country markets. In general, the Portfolio was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Portfolio’s assets.

As a result of the Portfolio’s diversified investment approach, performance was determined principally by broad structural trends in the international equity markets, rather than by the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 13.62% for the Portfolio and 9.61% for the MSCI World ex USA Index (net dividends). In general, international large cap stocks underperformed international mid cap and small cap stocks over the period. The Portfolio’s lower allocation than the Index to large cap stocks and its greater allocation to mid cap and small cap stocks were the primary sources of the Portfolio’s relative outperformance.

Emerging Markets Portfolio

The Emerging Markets Portfolio seeks to capture the returns of large cap stocks in selected emerging markets countries by purchasing shares of a Master Fund investing in such securities. The investment strategy employs a disciplined quantitative approach, emphasizing broad diversification and consistent exposure to large cap emerging markets stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Master Fund held 712 stocks in 20 emerging markets countries. In general, the Master Fund was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Master Fund’s assets. The Master Fund’s target country weights were capped at 15% upon purchase by the manager to limit single-country risk exposure.

As a result of the Master Fund’s diversified approach, performance was generally determined by broad structural trends in emerging markets countries, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 26.53% for the Portfolio and 23.56% for the MSCI Emerging Markets Index (net dividends). The Portfolio’s relative outperformance was primarily due to differences in country

22

weight allocations between the Master Fund and the Index. Country weight differences were primarily driven by capping of individual countries to limit single country risk exposure. To a lesser extent, an additional component of the Portfolio’s outperformance was due to differences in valuation timing and methodology between the Master Fund and the Index. The Master Fund prices foreign exchange rates at the closing of the U.S. markets while the Index uses rates at 4 pm London time. The Master Fund utilizes fair value pricing to price portfolio securities at the closing of the U.S. markets while the Index uses local market closing prices.

Emerging Markets Small Cap Portfolio

The Emerging Markets Small Cap Portfolio seeks to capture the returns of small company stocks in selected emerging markets by purchasing shares of a Master Fund investing in such securities. The Master Fund’s investment strategy employs a disciplined quantitative approach, emphasizing broad diversification and consistent exposure to small company stocks in selected emerging markets, but does not attempt to track a specific equity index. As of October 31, 2010, the Master Fund held 2,691 stocks across 15 emerging markets countries. In general, the Master Fund was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Master Fund’s assets. The Master Fund’s target country weights were capped at 15% upon purchase by the manager to limit single-country risk exposure.

As a result of the Master Fund’s diversified approach, performance was generally determined by structural trends in emerging markets countries, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 41.33% for the Portfolio and 23.56% for the MSCI Emerging Markets Index (net dividends). The Portfolio’s outperformance was primarily due to emerging markets small cap stocks outperforming their large cap counterparts during the period. The Master Fund holds primarily small cap stocks whereas the Index generally holds large cap and mid cap stocks. To a lesser extent, an additional component of the Portfolio’s outperformance was due to differences in valuation timing and methodology between the Master Fund and the Index. The Master Fund prices foreign exchange rates at the closing of the U.S. markets while the Index uses rates at 4 pm London time. The Master Fund utilizes fair value pricing to price portfolio securities at the closing of the U.S. markets while the Index uses local market closing prices.

Emerging Markets Value Portfolio

The Emerging Markets Value Portfolio seeks to capture the returns of large and small cap value stocks as measured by book to market ratio in selected emerging markets countries by purchasing shares of the Dimensional Emerging Markets Value Fund (the “Master Fund”), which invests in such securities. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to emerging markets value stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Master Fund held 2,016 stocks across 17 emerging markets countries. In general, the Portfolio was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Portfolio’s assets. The Master Fund’s target country weights were capped at 15% at purchase by the manager to limit single-country risk exposure.

As a result of the Master Fund’s diversified investment approach, performance was generally determined by broad structural trends in emerging markets countries, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 30.04% for the Portfolio’s Institutional Class shares, 29.71% for the Portfolio’s Class R2 shares and 23.56% for the MSCI Emerging Markets Index (net dividends). The Master Fund targets large and small cap value stocks while the Index primarily targets large and mid cap stocks. The Portfolio’s relative outperformance was primarily due to its higher allocation than the Index to small cap value stocks, which outperformed, and a corresponding lower allocation than the Index to large cap stocks which underperformed. To a lesser extent, an additional component of the Portfolio’s outperformance was due to differences in valuation timing and methodology between the Master Fund and the Index. The Master Fund prices foreign exchange rates at the closing of the U.S. markets while the Index uses rates at 4 pm London time. The Master Fund utilizes fair value pricing to price portfolio securities at the closing of the U.S. markets while the Index uses local market closing prices.

23

Emerging Markets Core Equity Portfolio

The Emerging Markets Core Equity Portfolio seeks to capture the returns of a broad universe of emerging markets stocks with increased exposure to smaller company stocks and those stocks with value characteristics as measured by book-to-market ratio. The investment strategy employs a disciplined quantitative approach, emphasizing broad diversification and consistent exposure to selected emerging markets countries, but does not attempt to track a specific equity index. As of October 31, 2010, the Portfolio held 3,174 stocks across 20 emerging markets countries. In general, the Portfolio was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Portfolio’s assets. The Portfolio’s target country weights were capped at 15% upon purchase by the manager to limit single-country risk exposure.

As a result of the Portfolio’s diversified approach, performance was generally determined by structural trends in emerging markets countries, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 31.30% for the Portfolio and 23.56% for the MSCI Emerging Markets Index (net dividends). In general, emerging markets large cap stocks significantly underperformed emerging markets mid cap and small cap stocks over the period. The Portfolio’s lower allocation than the Index to large cap stocks and its greater allocation to mid cap and small cap stocks had a positive impact on the Portfolio’s relative performance. Composition differences in the Portfolio’s holdings relative to the Index, in particular within regions and sectors, also had a positive impact on the relative performance. To a lesser extent, an additional component of the Portfolio’s outperformance was due to differences in valuation timing and methodology between the Portfolio and the Index. The Portfolio prices foreign exchange rates at the closing of the U.S. markets while the Index uses rates at 4 pm London time. The Portfolio utilizes fair value pricing to price portfolio securities at the closing of the U.S. markets while the Index uses local market closing prices.

24

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 October 31, 2010

EXPENSE TABLES

	Beginning Account Value 05/01/10		Ending Account Value 10/31/10		Annualized Expense Ratio*		Expenses Paid During Period*
Enhanced U.S. Large Company Portfolio
Actual Fund Return
Institutional Class Shares		$1,000.00		$1,011.60		0.25%		$1.27
Hypothetical 5% Annual Return
Institutional Class Shares		$1,000.00		$1,023.95		0.25%		$1.28

25

DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning Account Value 05/01/10		Ending Account Value 10/31/10		Annualized Expense Ratio*		Expenses Paid During Period*
U.S. Large Cap Value Portfolio**
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	974.10		0.27%		$1.34
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,023.84		0.27%		$1.38
U.S. Targeted Value Portfolio
Actual Fund Return
Class R1 Shares	$	1,000.00	$	949.40		0.48%		$2.36
Class R2 Shares	$	1,000.00	$	949.50		0.63%		$3.10
Institutional Class Shares	$	1,000.00	$	950.40		0.38%		$1.87
Hypothetical 5% Annual Return
Class R1 Shares	$	1,000.00	$	1,022.79		0.48%		$2.45
Class R2 Shares	$	1,000.00	$	1,022.03		0.63%		$3.21
Institutional Class Shares	$	1,000.00	$	1,023.29		0.38%		$1.94
U.S. Small Cap Value Portfolio
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	948.50		0.51%		$2.50
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,022.63		0.51%		$2.60
U.S. Core Equity 1 Portfolio
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	999.90		0.19%		$0.96
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,024.25		0.19%		$0.97
U.S. Core Equity 2 Portfolio
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	990.60		0.22%		$1.10
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,024.10		0.22%		$1.12
U.S. Vector Equity Portfolio
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	976.80		0.32%		$1.59
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,023.59		0.32%		$1.63
U.S. Small Cap Portfolio
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	988.50		0.37%		$1.85
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,023.34		0.37%		$1.89

26

DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning Account Value 05/01/10		Ending Account Value 10/31/10		Annualized Expense Ratio*		Expenses Paid During Period*
U.S. Micro Cap Portfolio
Actual Fund Return
Institutional Class Shares		$1,000.00		$990.90		0.51%		$2.56
Hypothetical 5% Annual Return
Institutional Class Shares		$1,000.00		$1,022.63		0.51%		$2.60
DFA Real Estate Securities Portfolio
Actual Fund Return
Institutional Class Shares		$1,000.00		$1,063.50		0.32%		$1.66
Hypothetical 5% Annual Return
Institutional Class Shares		$1,000.00		$1,023.59		0.32%		$1.63
Large Cap International Portfolio
Actual Fund Return
Institutional Class Shares		$1,000.00		$1,062.80		0.30%		$1.56
Hypothetical 5% Annual Return
Institutional Class Shares		$1,000.00		$1,023.69		0.30%		$1.53
International Core Equity Portfolio
Actual Fund Return
Institutional Class Shares		$1,000.00		$1,056.10		0.40%		$2.07
Hypothetical 5% Annual Return
Institutional Class Shares		$1,000.00		$1,023.19		0.40%		$2.04
International Small Company Portfolio***
Actual Fund Return
Institutional Class Shares		$1,000.00		$1,074.50		0.56%		$2.93
Hypothetical 5% Annual Return
Institutional Class Shares		$1,000.00		$1,022.38		0.56%		$2.85
Japanese Small Company Portfolio**
Actual Fund Return
Institutional Class Shares		$1,000.00		$940.40		0.57%		$2.79
Hypothetical 5% Annual Return
Institutional Class Shares		$1,000.00		$1,022.33		0.57%		$2.91
Asia Pacific Small Company Portfolio**
Actual Fund Return
Institutional Class Shares		$1,000.00		$1,133.00		0.64%		$3.44
Hypothetical 5% Annual Return
Institutional Class Shares		$1,000.00		$1,021.98		0.64%		$3.26

27

DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning Account Value 05/01/10		Ending Account Value 10/31/10		Annualized Expense Ratio*		Expenses Paid During Period*
United Kingdom Small Company Portfolio**
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	1,148.60		0.60%	$	3.25
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,022.18		0.60%	$	3.06
Continental Small Company Portfolio**
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	1,093.40		0.59%	$	3.11
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,022.23		0.59%	$	3.01
DFA International Real Estate Securities Portfolio
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	1,148.20		0.41%	$	2.22
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,023.14		0.41%	$	2.09
DFA Global Real Estate Securities Portfolio***
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	1,101.10		0.41%	$	2.17
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,023.14		0.41%	$	2.09
DFA International Small Cap Value Portfolio
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	1,017.50		0.70%	$	3.56
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,021.68		0.70%	$	3.57
International Vector Equity Portfolio
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	1,055.80		0.55%	$	2.85
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,022.43		0.55%	$	2.80
Emerging Markets Portfolio**
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	1,106.30		0.61%	$	3.24
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,022.13		0.61%	$	3.11
Emerging Markets Small Cap Portfolio**
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	1,180.80		0.79%	$	4.34
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,021.22		0.79%	$	4.02

28

DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning Account Value 05/01/10		Ending Account Value 10/31/10		Annualized Expense Ratio*		Expenses Paid During Period*
Emerging Markets Value Portfolio**
Actual Fund Return
Class R2 Shares	$	1,000.00	$	1,116.90		0.87%	$	4.64
Institutional Class Shares	$	1,000.00	$	1,119.30		0.62%	$	3.31
Hypothetical 5% Annual Return
Class R2 Shares	$	1,000.00	$	1,020.82		0.87%	$	4.43
Institutional Class Shares	$	1,000.00	$	1,022.08		0.62%	$	3.16
Emerging Markets Core Equity Portfolio
Actual Fund Return
Institutional Class Shares	$	1,000.00	$	1,129.20		0.67%	$	3.60
Hypothetical 5% Annual Return
Institutional Class Shares	$	1,000.00	$	1,021.83		0.67%	$	3.41

* 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 (184), then divided by the number of days in the year (365) to reflect the six-month period.

** The Portfolio is a Feeder Fund. The expenses shown reflect the direct expenses of the Feeder Fund and the indirect payment of the Feeder Fund’s portion of the expenses of its Master Fund (Affiliated Investment Company).

*** The Portfolio is a Fund of Funds. The expenses shown reflect the direct expenses of the Fund of Funds and the indirect payment of the Fund of Funds’ portion of the expenses of its Master Funds (Affiliated Investment Companies).

29

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 September 29, 2010. It is 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).

SEC regulations permit a fund to include in its reports to shareholders a “Summary Schedule of Portfolio Holdings” in lieu of a full Schedule of Investments. The Summary Schedule of Portfolio Holdings reports the fund’s 50 largest holdings in unaffiliated issuers and any investments that exceed one percent of the fund’s net assets at the end of the reporting period. The amendments also require that the Summary Schedule of Portfolio Holdings identify each category of investments that are held.

The fund is required to file a complete Schedule of Investments with the SEC on Form N-CSR within ten days after mailing the annual and semi-annual reports to shareholders. It will be 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.

The categories of industry classification for the Affiliated Investment Companies are represented in the Disclosure of Portfolio Holdings, which are included elsewhere within the report. Refer to the Schedule of Investments/Summary Schedule of Portfolio Holdings for each of the underlying Master Funds’ holdings which reflect the investments by category or country.

FEEDER FUNDS

	Affiliated Investment Companies
U.S. Large Cap Value Portfolio	100.0%
Japanese Small Company Portfolio	100.0%
Asia Pacific Small Company Portfolio	100.0%
United Kingdom Small Company Portfolio	100.0%
Continental Small Company Portfolio	100.0%
Emerging Markets Portfolio	100.0%
Emerging Markets Small Cap Portfolio	100.0%
Emerging Markets Value Portfolio	100.0%
FUND OF FUNDS
International Small Company Portfolio	100.0%
DFA Global Real Estate Securities Portfolio	100.0%

30

DISCLOSURE OF PORTFOLIO HOLDINGS

CONTINUED

FIXED INCOME PORTFOLIO

Enhanced U.S. Large Company Portfolio
Corporate	19.7%
Government	12.7%
Foreign Corporate	24.0%
Foreign Government	38.0%
Supranational	5.6%
	100.0%

DOMESTIC AND INTERNATIONAL EQUITY PORTFOLIOS

U.S. Targeted Value Portfolio		U.S. Small Cap Value Portfolio		U.S. Core Equity 1 Portfolio
Consumer Discretionary	16.8%	Consumer Discretionary	18.2%	Consumer Discretionary	13.8%
Consumer Staples	3.8%	Consumer Staples	2.8%	Consumer Staples	8.4%
Energy	9.4%	Energy	9.5%	Energy	9.6%
Financials	24.4%	Financials	22.5%	Financials	15.9%
Health Care	7.3%	Health Care	6.2%	Health Care	10.8%
Industrials	15.8%	Industrials	19.1%	Industrials	12.9%
Information Technology	13.8%	Information Technology	14.3%	Information Technology	17.1%
Materials	7.2%	Materials	7.0%	Materials	5.1%
Real Estate Investment Trusts	—	Other	—	Other	—
Telecommunication Services	1.1%	Real Estate Investment Trusts	—	Telecommunication Services	2.8%
Utilities	0.4%	Telecommunication Services	0.3%	Utilities	3.6%
	100.0%	Utilities	0.1%		100.0%
			100.0%
U.S. Core Equity 2 Portfolio		U.S. Vector Equity Portfolio		U.S. Small Cap Portfolio
Consumer Discretionary	14.8%	Consumer Discretionary	15.7%	Consumer Discretionary	17.0%
Consumer Staples	6.8%	Consumer Staples	4.9%	Consumer Staples	3.5%
Energy	10.1%	Energy	9.9%	Energy	5.6%
Financials	18.8%	Financials	24.3%	Financials	13.5%
Health Care	10.0%	Health Care	8.4%	Health Care	11.5%
Industrials	13.9%	Industrials	13.9%	Industrials	18.2%
Information Technology	14.5%	Information Technology	13.2%	Information Technology	21.3%
Materials	5.4%	Materials	5.8%	Materials	5.5%
Other	—	Other	—	Other	—
Telecommunication Services	3.2%	Telecommunication Services	2.5%	Telecommunication Services	1.2%
Utilities	2.5%	Utilities	1.4%	Utilities	2.7%
	100.0%		100.0%		100.0%
U.S. Micro Cap Portfolio		DFA Real Estate Securities Portfolio		Large Cap International Portfolio
Consumer Discretionary	16.0%	Real Estate Investment Trusts	100.0%	Consumer Discretionary	9.8%
Consumer Staples	4.9%		100.0%	Consumer Staples	9.6%
Energy	3.7%			Energy	9.2%
Financials	13.8%			Financials	23.8%
Health Care	13.0%			Health Care	7.8%
Industrials	18.4%			Industrials	12.0%
Information Technology	22.5%			Information Technology	4.9%
Materials	4.6%			Materials	12.0%
Other	—			Other	0.1%
Telecommunication Services	1.3%			Telecommunication Services	5.7%
Utilities	1.8%			Utilities	5.1%
	100.0%				100.0%

31

DISCLOSURE OF PORTFOLIO HOLDINGS

CONTINUED

International Core Equity Portfolio		DFA International Real Estate Securities Portfolio		DFA International Small Cap Value Portfolio
Consumer Discretionary	13.8%	Financials	0.1%	Consumer Discretionary	19.5%
Consumer Staples	6.6%	Other	0.1%	Consumer Staples	6.1%
Energy	8.1%	Real Estate Investment Trusts	99.8%	Energy	5.4%
Financials	24.9%		100.0%	Financials	18.9%
Health Care	4.5%			Health Care	2.0%
Industrials	16.7%			Industrials	22.7%
Information Technology	5.5%			Information Technology	4.9%
Materials	13.7%			Materials	19.7%
Other	—			Other	—
Real Estate Investment Trusts	—			Real Estate Investment Trusts	0.1%
Telecommunication Services	3.3%			Telecommunication Services	0.4%
Utilities	2.9%			Utilities	0.3%
	100.0%				100.0%

International Vector Equity Portfolio		Emerging Markets Core Equity Portfolio
Consumer Discretionary	15.7%	Consumer Discretionary	10.1%
Consumer Staples	5.5%	Consumer Staples	7.2%
Energy	6.8%	Energy	11.0%
Financials	23.8%	Financials	23.7%
Health Care	3.8%	Health Care	2.0%
Industrials	18.6%	Industrials	11.5%
Information Technology	6.3%	Information Technology	10.1%
Materials	15.8%	Materials	15.9%
Other	—	Other	—
Real Estate Investment Trusts	—	Real Estate Investment Trusts	—
Telecommunication Services	2.1%	Telecommunication Services	5.1%
Utilities	1.6%	Utilities	3.4%
	100.0%		100.0%

32

ENHANCED U.S. LARGE COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2010

	Face Amount^		Value†
	(000)
BONDS — (74.2%)
AUSTRALIA — (1.9%)
Australia & New Zealand Banking Group, Ltd.
(u)    5.500%, 05/24/11		1,000	$	1,023,110
Commonwealth Bank of Australia
(u)    4.750%, 01/27/11		434		437,977
Macquarie Bank, Ltd.
(u)    2.600%, 01/20/12		1,449		1,484,027
TOTAL AUSTRALIA				2,945,114
AUSTRIA — (2.8%)
Asfinag
2.000%, 10/22/12		2,050		2,100,793
Oesterreichische Volksbanken AG
(e)    3.000%, 02/09/12		1,600		2,267,874
TOTAL AUSTRIA				4,368,667
CANADA — (17.3%)
Alberta Capital Finance Authority
5.850%, 06/01/12		2,000		2,095,382
Bank of Nova Scotia Floating Rate Note
(r)(u)0.543%, 03/05/12		4,000		4,010,484
British Columbia, Province of Canada
5.750%, 01/09/12		4,000		4,124,993
Canada Mortgage & Housing Corp.
5.500%, 06/01/12		3,700		3,855,161
Canadian Government Bond
1.250%, 12/01/11		2,300		2,255,845
1.500%, 06/01/12		1,000		982,930
Ontario, Province of Canada
4.400%, 12/02/11		4,200		4,253,699
Royal Bank of Canada
(u)    5.650%, 07/20/11		1,300		1,344,442
(e)    5.750%, 07/25/11		2,000		2,865,665
Royal Bank of Canada Floating Rate Note
(r)(u)0.356%, 01/27/12		100		100,000
Toronto-Dominion Bank (The)
(g)    6.875%, 06/24/11		650		1,075,645
TOTAL CANADA				26,964,246

	Face Amount^		Value†
	(000)
DENMARK — (4.5%)
Denmark Government International Bond
(u)    1.875%, 03/16/12		3,000	$	3,058,500
FIH Erhvervsbank A.S.
(u)    2.450%, 08/17/12		3,800		3,906,993
TOTAL DENMARK				6,965,493
FINLAND — (0.3%)
Nordea Bank Finland P.L.C. Floating Rate Note
(r)(u)0.686%, 02/01/12		500		499,876
FRANCE — (6.9%)
Agence Francaise de Developpement
(u)    2.250%, 05/22/12		2,500		2,547,205
Caisse d’Amortissement de la Dette Sociale
(u)    2.250%, 07/06/12		3,500		3,579,384
(u)    5.375%, 07/17/12		500		539,548
Societe Financement de l’Economie Francaise
(e)    3.500%, 11/24/11		1,800		2,574,762
(u)    2.250%, 06/11/12		1,500		1,543,832
TOTAL FRANCE				10,784,731
GERMANY — (7.1%)
IKB Deutsche Industriebank AG
(e)    2.875%, 01/27/12		1,500		2,129,562
Kreditanstalt fuer Wiederaufbau
(g)    4.375%, 03/07/11		600		974,055
(u)    2.250%, 04/16/12		2,500		2,566,265
Landeskreditbank Baden-Wuerttemberg Foerderbank
(u)    2.000%, 10/01/12		1,500		1,533,922
Landwirtschaftliche Rentenbank
(g)    5.250%, 01/18/12		2,315		3,901,240
TOTAL GERMANY				11,105,044
JAPAN — (3.3%)
Development Bank of Japan
(e)    5.625%, 08/02/11		1,500		2,153,846
Japan Finance Corp.
(u)    2.000%, 06/24/11		1,000		1,009,718

33

ENHANCED U.S. LARGE COMPANY PORTFOLIO

CONTINUED

	Face Amount^		Value†
	(000)
JAPAN — (Continued)
(u) 1.500%, 07/06/12		2,000	$	2,024,040
TOTAL JAPAN				5,187,604
NETHERLANDS — (6.2%)
Bank Nederlandse Gemeenten
(u) 2.250%, 01/17/12		3,000		3,054,792
(g) 5.750%, 03/07/12		521		885,007
Nederlandse Waterschapsbank NV
(u) 2.875%, 06/16/11		4,000		4,058,576
Rabobank Nederland NV
(g) 5.000%, 04/11/11		1,000		1,626,510
TOTAL NETHERLANDS				9,624,885
NORWAY — (2.6%)
Kommunalbanken AS
(u) 3.250%, 06/15/11		4,000		4,066,264
SPAIN — (0.6%)
Instituto de Credito Oficial
(u) 1.875%, 04/15/11		1,000		1,000,548
SUPRANATIONAL
ORGANIZATION
OBLIGATIONS — (4.2%)
Eurofima
(u) 5.125%, 08/02/12		1,000		1,073,269
European Investment Bank
(u) 3.250%, 10/14/11		800		821,726
(u) 4.625%, 03/21/12		3,100		3,276,582
European Union
(e) 3.250%, 12/09/11		1,000		1,430,396
TOTAL SUPRANATIONAL
ORGANIZATION
OBLIGATIONS				6,601,973
SWEDEN — (2.4%)
Kommuninvest I Sverige
(u) 5.375%, 06/15/11		1,000		1,032,186
(u) 5.375%, 07/03/12		2,600		2,798,871
TOTAL SWEDEN				3,831,057
UNITED KINGDOM — (5.0%)
Bank of Scotland P.L.C.
4.625%, 11/04/11		1,800		2,985,498

	Face Amount^		Value†
	(000)
UNITED KINGDOM — (Continued)
Barclays Bank P.L.C. Floating Rate Note
(r)(u)0.556%, 01/14/11		1,000	$	999,993
Clydesdale Bank P.L.C.
3.375%, 12/09/11		800		1,316,652
Royal Bank of Scotland P.L.C. (The)
4.125%, 11/14/11		1,500		2,480,442
TOTAL UNITED KINGDOM				7,782,585
UNITED STATES — (9.1%)
Berkshire Hathaway, Inc. Floating Rate Note
(r) 0.591%, 02/10/12	$	4,000		3,998,452
General Electric Capital Corp.
6.000%, 06/15/12		800		862,818
General Electric Capital Corp. Floating Rate Note
(r) 0.916%, 02/01/11		2,000		2,002,492
(r) 0.373%, 06/06/11		1,000		1,000,498
JPMorgan Chase & Co.
(g) 3.750%, 12/12/11		1,000		1,649,592
5.375%, 10/01/12		800		865,527
JPMorgan Chase & Co. Floating Rate Note
(r) 1.043%, 06/13/11		1,800		1,808,266
Toyota Motor Credit Corp. Floating Rate Note
(r) 0.390%, 10/04/11		2,000		1,999,980
TOTAL UNITED STATES				14,187,625
TOTAL BONDS				115,915,712
AGENCY OBLIGATIONS — (14.4%)
Federal Home Loan Bank
3.625%, 09/16/11		1,200		1,236,064
1.125%, 05/18/12		2,000		2,023,700
Federal Home Loan Bank Discount Note
(y) v 0.136%, 12/08/10		4,000		3,999,508
Federal Home Loan Mortgage Corporation
1.125%, 07/27/12		2,000		2,026,348
5.500%, 08/20/12		1,000		1,091,639
Federal Home Loan Mortgage Corporation Discount Notes
(y) v 0.180%, 12/08/10		5,000		4,999,385
(y) v 0.185%, 12/14/10		5,000		4,999,285

34

ENHANCED U.S. LARGE COMPANY PORTFOLIO

CONTINUED

	Face Amount		Value†			Shares		Value†
		(000)			TEMPORARY CASH INVESTMENTS — (0.5%)
Federal National Mortgage Association					BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		734,050	$	734,050
4.375%, 09/15/12		$2,000	$	2,147,702
TOTAL AGENCY OBLIGATIONS				22,523,631	TOTAL INVESTMENTS — (100.0%) (Cost $154,182,471)			$	156,198,640
COMMERCIAL PAPER — (7.6%)
Eksportfinans ASA
0.280%, 11/05/10		1,000		999,969
National Rural Utilities
0.260%, 12/16/10		2,000		1,999,288
Paccar Financial Corp.
0.260%, 12/10/10		3,700		3,698,817
Statoilhydro ASA
0.190%, 11/01/10		4,500		4,500,000
United Technologies Corp.
0.170%, 11/01/10		600		600,000
TOTAL COMMERCIAL PAPER				11,798,074
	Shares
EXCHANGE-TRADED FUND — (3.3%)
UNITED STATES — (3.3%) SPDR Trust Series I		44,100		5,227,173

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2			Level 3	Total
Bonds		—	$	115,915,712		—	$	115,915,712
Agency Obligations		—		22,523,631		—		22,523,631
Commercial Paper		—		11,798,074		—		11,798,074
Exchange-Traded Fund	$	5,227,173		—		—		5,227,173
Temporary Cash Investments		734,050		—		—		734,050
Forward Currency Contracts**		—		(173,351	)	—		(173,351	)
Futures Contracts**		10,406,650		—		—		10,406,650
TOTAL	$	16,367,873	$	150,064,066		—	$	166,431,939

    ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment.

See accompanying Notes to Financial Statements.

35

U.S. LARGE CAP VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2010

	Value†
AFFILIATED INVESTMENT COMPANY — (100.0%)
Investment in The U.S. Large Cap Value Series of The DFA Investment Trust Company	$	6,922,104,537
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $5,483,228,182)	$	6,922,104,537

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2	Level 3	Total
Affiliated Investment Company	$	6,922,104,537	—	—	$	6,922,104,537

See accompanying Notes to Financial Statements.

36

U.S. TARGETED VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value†		Percentage     of Net Assets**
COMMON STOCKS — (87.6%)
Consumer Discretionary — (14.8%)
#*Gaylord Entertainment Co.		204,517	$	6,818,597		0.3%
Jarden Corp.		207,642		6,657,003		0.3%
*Liberty Media Corp. Capital Class A		166,331		9,570,686		0.4%
#*Mohawk Industries, Inc.		141,554		8,116,706		0.3%
#Rent-A-Center, Inc.		265,181		6,666,650		0.3%
#*Saks, Inc.		755,984		8,421,662		0.4%
#*Whirlpool Corp.		88,830		6,735,979		0.3%
Other Securities				327,148,537		14.4%
Total Consumer Discretionary				380,135,820		16.7%
Consumer Staples — (3.3%)
*Constellation Brands, Inc. Class A		389,483		7,684,500		0.4%
*Ralcorp Holdings, Inc.		107,711		6,684,545		0.3%
#*Smithfield Foods, Inc.		419,475		7,026,206		0.3%
Other Securities				64,080,090		2.8%
Total Consumer Staples				85,475,341		3.8%
Energy — (8.2%)
*Complete Production Services, Inc.		332,185		7,783,095		0.3%
#*Exterran Holdings, Inc.		284,147		7,151,980		0.3%
Pioneer Natural Resources Co.		149,975		10,468,255		0.5%
*Plains Exploration & Production Co.		265,602		7,402,328		0.3%
*Rowan Cos., Inc.		228,373		7,513,472		0.3%
*Sunoco, Inc.		212,272		7,953,832		0.4%
*Whiting Petroleum Corp.		72,600		7,291,944		0.3%
Other Securities				156,464,802		6.9%
Total Energy				212,029,708		9.3%
Financials — (21.4%)
*American Capital, Ltd.		1,070,676		7,473,318		0.3%
American Financial Group, Inc.		248,114		7,587,326		0.3%
*Assurant, Inc.		266,924		10,554,175		0.5%
Axis Capital Holdings, Ltd.		226,295		7,696,293		0.4%
#*CNO Financial Group, Inc.		1,229,638		6,689,231		0.3%
Huntington Bancshares, Inc.		1,239,796		7,029,643		0.3%
#*MGIC Investment Corp.		790,073		6,968,444		0.3%
*NASDAQ OMX Group, Inc. (The)		336,903		7,081,701		0.3%
NewAlliance Bancshares, Inc.		537,373		6,926,738		0.3%
#*Old Republic International Corp.		572,695		7,559,574		0.3%
Reinsurance Group of America, Inc.		153,401		7,680,788		0.3%
Transatlantic Holdings, Inc.		140,003		7,364,158		0.3%
Validus Holdings, Ltd.		239,615		6,795,481		0.3%
Webster Financial Corp.		409,887		7,017,265		0.3%
Other Securities				446,116,765		19.7%
Total Financials				550,540,900		24.2%
Health Care — (6.4%)
*Coventry Health Care, Inc.		317,536		7,436,693		0.3%
*HealthSpring, Inc.		272,795		7,962,886		0.3%
*Hologic, Inc.		465,750		7,461,315		0.3%
*King Pharmaceuticals, Inc.		596,470		8,434,086		0.4%
Other Securities				133,194,710		5.9%
Total Health Care				164,489,690		7.2%
Industrials — (13.8%)
*Amerco, Inc.		85,436		7,033,092		0.3%

37

U.S. TARGETED VALUE PORTFOLIO

CONTINUED

	Shares		Value†		Percentage     of Net Assets**
Industrials — (Continued)
#*Avis Budget Group, Inc.		578,582	$	6,717,337		0.3%
*Esterline Technologies Corp.		120,884		7,306,229		0.3%
*Owens Corning, Inc.		282,473		7,638,070		0.3%
#Triumph Group, Inc.		80,276		6,710,271		0.3%
Other Securities				321,395,397		14.2%
Total Industrials				356,800,396		15.7%
Information Technology — (12.1%)
*Arrow Electronics, Inc.		242,217		7,172,045		0.3%
*CACI International, Inc.		144,521		7,243,393		0.4%
*IAC/InterActiveCorp		329,849		9,202,787		0.4%
*Ingram Micro, Inc.		396,212		6,997,104		0.3%
*International Rectifier Corp.		300,671		6,984,587		0.3%
*Tech Data Corp.		261,278		11,232,341		0.5%
Other Securities				263,545,511		11.6%
Total Information Technology				312,377,768		13.8%
Materials — (6.4%)
#*Century Aluminum Co.		556,132		7,518,905		0.3%
*Coeur d’Alene Mines Corp.		329,341		6,787,718		0.3%
#Domtar Corp.		107,587		8,538,104		0.4%
*MeadWestavco Corp.		376,177		9,679,034		0.4%
Other Securities				131,444,297		5.8%
Total Materials				163,968,058		7.2%
Real Estate Investment Trusts — (0.0%)
Other Securities				1,365		0.0%
Telecommunication Services — (0.9%)
Other Securities				24,205,757		1.1%
Utilities — (0.3%)
Other Securities				8,749,744		0.4%
TOTAL COMMON STOCKS				2,258,774,547		99.4%
RIGHTS/WARRANTS — (0.0%)
Other Securities				24,271		0.0%
TEMPORARY CASH INVESTMENTS — (0.3%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		8,755,190		8,755,190		0.4%
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (12.1%)
§@DFA Short Term Investment Fund		309,281,722		309,281,722		13.6%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.23%, 11/01/10 (Collateralized by $1,449,407 FNMA 3.500%, 10/01/20, valued at $1,516,373) to be repurchased at $1,472,234		$1,472		1,472,206		0.1%
TOTAL SECURITIES LENDING COLLATERAL				310,753,928		13.7%

38

U.S. TARGETED VALUE PORTFOLIO

CONTINUED

	Value†		Percentage     of Net Assets**
TOTAL INVESTMENTS — (100.0%) (Cost $2,378,682,378)	$	2,578,307,936	113.5%

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	380,135,820		—		—	$	380,135,820
Consumer Staples		85,475,341		—		—		85,475,341
Energy		212,029,708		—		—		212,029,708
Financials		550,540,900		—		—		550,540,900
Health Care		164,489,690		—		—		164,489,690
Industrials		356,800,396		—		—		356,800,396
Information Technology		312,377,768		—		—		312,377,768
Materials		163,968,058		—		—		163,968,058
Real Estate Investment Trusts		1,365		—		—		1,365
Telecommunication Services		24,205,757		—		—		24,205,757
Utilities		8,749,744		—		—		8,749,744
Rights/Warrants		3,280	$	20,991		—		24,271
Temporary Cash Investments		8,755,190		—		—		8,755,190
Securities Lending Collateral		—		310,753,928		—		310,753,928
TOTAL	$	2,267,533,017	$	310,774,919		—	$	2,578,307,936

See accompanying Notes to Financial Statements.

39

U.S. SMALL CAP VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value†		Percentage     of Net Assets**
COMMON STOCKS — (83.3%)
Consumer Discretionary — (15.1%)
#American Greetings Corp. Class A		1,790,470	$	34,681,404		0.5%
#*Cabela’s, Inc.		1,668,902		30,941,443		0.5%
#Dillard’s, Inc.		1,637,833		41,781,120		0.6%
#*Gaylord Entertainment Co.		1,237,351		41,253,282		0.6%
#Regis Corp.		1,509,892		30,877,291		0.5%
#Rent-A-Center, Inc.		1,421,975		35,748,452		0.6%
#*Saks, Inc.		3,665,122		40,829,459		0.6%
#Scholastic Corp.		1,528,917		45,026,606		0.7%
Other Securities				883,267,605		13.5%
Total Consumer Discretionary				1,184,406,662		18.1%
Consumer Staples — (2.3%)
#*Hain Celestial Group, Inc.		1,311,686		32,437,995		0.5%
Other Securities				150,451,307		2.3%
Total Consumer Staples				182,889,302		2.8%
Energy — (7.9%)
#*Bill Barrett Corp.		771,988		29,142,547		0.4%
*Bristow Group, Inc.		988,619		38,338,645		0.6%
*Complete Production Services, Inc.		1,866,574		43,733,829		0.7%
#*Exterran Holdings, Inc.		1,695,768		42,682,481		0.6%
#*Helix Energy Solutions Group, Inc.		2,356,839		29,908,287		0.5%
*SEACOR Holdings, Inc.		362,962		34,390,650		0.5%
Other Securities				399,425,547		6.1%
Total Energy				617,621,986		9.4%
Financials — (18.7%)
#*American Capital, Ltd.		5,159,435		36,012,856		0.5%
#Argo Group International Holdings, Ltd.		904,866		31,389,802		0.5%
#*CNO Financial Group, Inc.		6,668,947		36,279,072		0.6%
#Delphi Financial Group, Inc. Class A		1,223,115		33,109,723		0.5%
Infinity Property & Casualty Corp.		561,746		29,070,356		0.4%
#*MBIA, Inc.		3,747,338		42,007,659		0.6%
#Montpelier Re Holdings, Ltd.		1,843,926		33,780,724		0.5%
#NewAlliance Bancshares, Inc.		3,319,504		42,788,407		0.7%
#*PHH Corp.		1,726,823		33,275,879		0.5%
Provident Financial Services, Inc.		2,445,306		30,908,668		0.5%
Selective Insurance Group, Inc.		1,870,559		31,649,858		0.5%
Unitrin, Inc.		1,271,106		30,887,876		0.5%
#Webster Financial Corp.		1,883,421		32,244,168		0.5%
Other Securities				1,023,500,270		15.6%
Total Financials				1,466,905,318		22.4%
Health Care — (5.2%)
#Cooper Cos., Inc.		785,704		38,766,635		0.6%
#*LifePoint Hospitals, Inc.		1,678,385		56,930,819		0.9%
#*Viropharma, Inc.		1,764,650		28,869,674		0.4%
Other Securities				282,285,388		4.3%
Total Health Care				406,852,516		6.2%
Industrials — (15.9%)
#*Alaska Air Group, Inc.		578,278		30,533,078		0.5%
#Alexander & Baldwin, Inc.		1,120,063		38,563,769		0.6%
#Applied Industrial Technologies, Inc.		1,145,140		34,823,707		0.5%
#*Avis Budget Group, Inc.		2,674,250		31,048,042		0.5%
*Esterline Technologies Corp.		1,023,870		61,882,703		1.0%

40

U.S. SMALL CAP VALUE PORTFOLIO

CONTINUED

	Shares		Value†		Percentage     of Net Assets**
Industrials — (Continued)
#GATX Corp.		1,408,389	$	44,589,596		0.7%
Seaboard Corp.		18,999		35,225,096		0.5%
#Trinity Industries, Inc.		1,827,519		41,539,507		0.6%
#Triumph Group, Inc.		370,549		30,974,191		0.5%
Other Securities				893,979,601		13.6%
Total Industrials				1,243,159,290		19.0%
Information Technology — (12.0%)
#*Benchmark Electronics, Inc.		2,751,881		45,213,405		0.7%
*Coherent, Inc.		922,025		38,688,169		0.6%
#*Convergys Corp.		2,539,149		28,743,167		0.4%
*Fairchild Semiconductor International, Inc.		3,188,035		35,929,154		0.5%
*MKS Instruments, Inc.		1,795,829		37,083,869		0.6%
*Skyworks Solutions, Inc.		1,385,062		31,731,770		0.5%
#*Vishay Intertechnology, Inc.		3,162,160		35,732,408		0.5%
Other Securities				681,581,848		10.4%
Total Information Technology				934,703,790		14.2%
Materials — (5.9%)
#*Coeur d’Alene Mines Corp.		1,885,714		38,864,566		0.6%
#*PolyOne Corp.		2,698,136		34,859,917		0.5%
#Westlake Chemical Corp.		1,654,024		52,862,607		0.8%
Other Securities				332,640,018		5.1%
Total Materials				459,227,108		7.0%
Other — (0.0%)
Other Securities				6,633		0.0%
Real Estate Investment Trusts — (0.0%)
Other Securities				3,209		0.0%
Telecommunication Services — (0.2%)
Other Securities				17,633,165		0.3%
Utilities — (0.1%)
Other Securities				8,839,028		0.1%
TOTAL COMMON STOCKS				6,522,248,007		99.5%
RIGHTS/WARRANTS — (0.1%)
Other Securities				3,401,796		0.0%
TEMPORARY CASH INVESTMENTS — (0.3%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		25,558,555		25,558,555		0.4%
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (16.3%)
§@DFA Short Term Investment Fund		1,268,888,448		1,268,888,448		19.4%

41

U.S. SMALL CAP VALUE PORTFOLIO

CONTINUED

	Shares/ Face   Amount		Value†		Percentage of Net Assets**
	(000)
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.23%, 11/01/10 (Collateralized by $7,611,177 FNMA 3.500%, 10/01/20, valued at $7,962,830) to be repurchased at $7,731,051		$7,731	$	7,730,903	0.1%
TOTAL SECURITIES LENDING COLLATERAL				1,276,619,351	19.5%
TOTAL INVESTMENTS — (100.0%) (Cost $7,677,469,004)			$	7,827,827,709	119.4%

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	1,184,406,662		—		—	$	1,184,406,662
Consumer Staples		182,889,302		—		—		182,889,302
Energy		617,621,986		—		—		617,621,986
Financials		1,466,905,318		—		—		1,466,905,318
Health Care		406,115,618	$	736,898		—		406,852,516
Industrials		1,243,159,290		—		—		1,243,159,290
Information Technology		934,703,790		—		—		934,703,790
Materials		459,227,108		—		—		459,227,108
Other		—		6,633		—		6,633
Real Estate Investment Trusts		3,209		—		—		3,209
Telecommunication Services		17,633,165		—		—		17,633,165
Utilities		8,839,028		—		—		8,839,028
Rights/Warrants		27,367		3,374,429		—		3,401,796
Temporary Cash Investments		25,558,555		—		—		25,558,555
Securities Lending Collateral		—		1,276,619,351		—		1,276,619,351
TOTAL	$	6,547,090,398	$	1,280,737,311		—	$	7,827,827,709

See accompanying Notes to Financial Statements.

42

U.S. CORE EQUITY 1 PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value†		Percentage     of Net Assets**
COMMON STOCKS — (90.3%)
Consumer Discretionary — (12.5%)
*Amazon.com, Inc.		55,780	$	9,211,509		0.3%
*Comcast Corp. Class A		417,209		8,586,161		0.3%
*DIRECTV Class A		220,510		9,583,365		0.3%
#*Las Vegas Sands Corp.		176,285		8,087,956		0.3%
*McDonald’s Corp.		138,676		10,784,833		0.4%
*Time Warner, Inc.		220,816		7,178,728		0.3%
Walt Disney Co. (The)		356,203		12,862,490		0.4%
Other Securities				333,494,859		11.5%
Total Consumer Discretionary				399,789,901		13.8%
Consumer Staples — (7.6%)
Coca-Cola Co. (The)		279,300		17,126,676		0.6%
*CVS Caremark Corp.		273,950		8,251,374		0.3%
Kraft Foods, Inc.		328,406		10,597,662		0.4%
*PepsiCo, Inc.		223,192		14,574,438		0.5%
Philip Morris International, Inc.		255,696		14,958,216		0.5%
*Procter & Gamble Co. (The)		373,178		23,722,925		0.8%
*Wal-Mart Stores, Inc.		499,081		27,035,218		0.9%
Other Securities				126,341,381		4.4%
Total Consumer Staples				242,607,890		8.4%
Energy — (8.6%)
*Apache Corp.		67,655		6,834,508		0.3%
*Chevron Corp.		383,192		31,655,491		1.1%
*ConocoPhillips		284,161		16,879,163		0.6%
*Exxon Mobil Corp.		580,228		38,567,755		1.3%
Occidental Petroleum Corp.		108,874		8,560,763		0.3%
*Schlumberger, Ltd.		204,389		14,284,747		0.5%
Other Securities				159,468,862		5.5%
Total Energy				276,251,289		9.6%
Financials — (14.4%)
*American Express Co.		170,473		7,067,811		0.3%
*Bank of America Corp.		1,763,982		20,179,954		0.7%
*Berkshire Hathaway, Inc.		103,135		8,205,421		0.3%
*Citigroup, Inc.		3,746,359		15,622,317		0.5%
*Goldman Sachs Group, Inc. (The)		94,871		15,269,487		0.5%
*JPMorgan Chase & Co.		800,949		30,139,711		1.0%
U.S. Bancorp		332,743		8,045,726		0.3%
*Wells Fargo & Co.		948,438		24,735,263		0.9%
Other Securities				331,025,321		11.4%
Total Financials				460,291,011		15.9%
Health Care — (9.7%)
*Abbott Laboratories		193,928		9,952,385		0.3%
*Amgen, Inc.		134,636		7,699,833		0.3%
*Johnson & Johnson		341,549		21,746,425		0.8%
Merck & Co., Inc.		447,113		16,221,260		0.6%
*Pfizer, Inc.		1,354,471		23,567,795		0.8%
UnitedHealth Group, Inc.		220,401		7,945,456		0.3%
Other Securities				224,074,770		7.7%
Total Health Care				311,207,924		10.8%
Industrials — (11.6%)
*3M Co.		90,402		7,613,656		0.3%
General Electric Co.		2,071,642		33,187,705		1.1%

43

U.S. CORE EQUITY 1 PORTFOLIO

CONTINUED

	Shares		Value†		Percentage     of Net Assets**
Industrials — (Continued)
*Union Pacific Corp.		97,021	$	8,506,801		0.3%
*United Parcel Service, Inc.		106,196		7,151,239		0.2%
*United Technologies Corp.		110,065		8,229,560		0.3%
Other Securities				306,633,204		10.6%
Total Industrials				371,322,165		12.8%
Information Technology — (15.4%)
*Apple, Inc.		115,795		34,839,242		1.2%
*Cisco Sytems, Inc.		718,867		16,411,734		0.6%
*Google, Inc.		30,334		18,594,439		0.6%
Hewlett-Packard Co.		291,252		12,250,059		0.4%
*Intel Corp.		835,086		16,760,176		0.6%
*International Business Machines Corp.		179,066		25,713,878		0.9%
*Microsoft Corp.		1,056,293		28,139,646		1.0%
*Oracle Corp.		595,998		17,522,341		0.6%
*QUALCOMM, Inc.		206,260		9,308,514		0.3%
Other Securities				313,542,834		10.8%
Total Information Technology				493,082,863		17.0%
Materials — (4.6%)
Other Securities				148,561,083		5.1%
Other — (0.0%)
Other Securities				—		0.0%
Telecommunication Services — (2.6%)
*AT&T, Inc.		1,184,233		33,750,640		1.2%
*Verizon Communications, Inc.		551,929		17,921,135		0.6%
Other Securities				30,177,431		1.0%
Total Telecommunication Services				81,849,206		2.8%
Utilities — (3.3%)
Other Securities				104,762,133		3.6%
TOTAL COMMON STOCKS				2,889,725,465		99.8%
RIGHTS/WARRANTS — (0.0%)
Other Securities				117,771		0.0%
TEMPORARY CASH INVESTMENTS — (0.4%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		12,290,881		12,290,881		0.4%
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (9.3%)
§@DFA Short Term Investment Fund		297,544,923		297,544,923		10.3%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.23%, 11/01/10 (Collateralized by $1,394,404 FNMA 3.500%, 10/01/20, valued at $1,458,829) to be repurchased at $1,416,365		$1,416		1,416,338		0.0%
TOTAL SECURITIES LENDING COLLATERAL				298,961,261		10.3%
TOTAL INVESTMENTS — (100.0%) (Cost $3,023,843,096)			$	3,201,095,378		110.5%

44

U.S. CORE EQUITY 1 PORTFOLIO

CONTINUED

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	399,789,901		—		—	$	399,789,901
Consumer Staples		242,607,890		—		—		242,607,890
Energy		276,251,289		—		—		276,251,289
Financials		460,291,011		—		—		460,291,011
Health Care		311,181,347	$	26,577		—		311,207,924
Industrials		371,322,165		—		—		371,322,165
Information Technology		493,082,863		—		—		493,082,863
Materials		148,561,083		—		—		148,561,083
Other		—		—		—		—
Telecommunication Services		81,849,206		—		—		81,849,206
Utilities		104,762,133		—		—		104,762,133
Rights/Warrants		77,961		39,810		—		117,771
Temporary Cash Investments		12,290,881		—		—		12,290,881
Securities Lending Collateral		—		298,961,261		—		298,961,261
TOTAL	$	2,902,067,730	$	299,027,648		—	$	3,201,095,378

See accompanying Notes to Financial Statements.

45

U.S. CORE EQUITY 2 PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value†		Percentage     of Net Assets**
COMMON STOCKS — (89.6%)
Consumer Discretionary — (13.3%)
*Carnival Corp.		264,200	$	11,405,514		0.2%
*Comcast Corp. Class A		904,003		18,604,382		0.4%
#*Las Vegas Sands Corp.		255,567		11,725,414		0.2%
*Lowe’s Cos., Inc.		606,612		12,939,034		0.3%
*Time Warner, Inc.		505,637		16,438,259		0.3%
Walt Disney Co. (The)		796,924		28,776,926		0.6%
Other Securities				639,482,590		12.8%
Total Consumer Discretionary				739,372,119		14.8%
Consumer Staples — (6.1%)
*CVS Caremark Corp.		598,385		18,023,356		0.3%
Kraft Foods, Inc.		727,689		23,482,524		0.5%
*PepsiCo, Inc.		187,890		12,269,217		0.2%
*Procter & Gamble Co. (The)		601,231		38,220,255		0.8%
*Wal-Mart Stores, Inc.		488,942		26,485,988		0.5%
Other Securities				218,107,947		4.4%
Total Consumer Staples				336,589,287		6.7%
Energy — (9.0%)
*Anadarko Petroleum Corp.		217,215		13,373,928		0.3%
*Apache Corp.		148,901		15,041,979		0.3%
*Chevron Corp.		812,565		67,125,995		1.4%
*ConocoPhillips		621,821		36,936,167		0.7%
Devon Energy Corp.		175,348		11,401,127		0.2%
*Exxon Mobil Corp.		696,027		46,264,915		0.9%
Occidental Petroleum Corp.		169,128		13,298,535		0.3%
*Schlumberger, Ltd.		239,531		16,740,822		0.3%
Other Securities				280,941,549		5.6%
Total Energy				501,125,017		10.0%
Financials — (16.9%)
*Bank of America Corp.		4,072,969		46,594,765		0.9%
*Bank of New York Mellon Corp. (The)		500,557		12,543,958		0.3%
*Citigroup, Inc.		4,374,919		18,243,412		0.4%
*Goldman Sachs Group, Inc. (The)		206,417		33,222,816		0.7%
*JPMorgan Chase & Co.		1,758,487		66,171,866		1.3%
*MetLife, Inc.		377,097		15,208,322		0.3%
*Morgan Stanley		560,059		13,928,667		0.3%
*PNC Financial Services Group, Inc.		230,384		12,417,698		0.2%
Travelers Cos., Inc. (The)		240,418		13,271,074		0.3%
U.S. Bancorp		650,207		15,722,005		0.3%
*Wells Fargo & Co.		2,251,097		58,708,610		1.2%
Other Securities				630,477,892		12.6%
Total Financials				936,511,085		18.8%
Health Care — (8.9%)
*Johnson & Johnson		312,579		19,901,905		0.4%
Merck & Co., Inc.		518,887		18,825,220		0.4%
*Pfizer, Inc.		2,383,245		41,468,463		0.8%
UnitedHealth Group, Inc.		491,713		17,726,254		0.3%
*WellPoint, Inc.		211,328		11,483,564		0.2%
Other Securities				387,121,797		7.8%
Total Health Care				496,527,203		9.9%
Industrials — (12.5%)
FedEx Corp.		133,279		11,691,234		0.3%

46

U.S. CORE EQUITY 2 PORTFOLIO

CONTINUED

	Shares		Value†		Percentage     of Net Assets**
Industrials — (Continued)
General Electric Co.		4,451,556	$	71,313,927		1.4%
*Union Pacific Corp.		215,752		18,917,135		0.4%
Other Securities				590,031,866		11.8%
Total Industrials				691,954,162		13.9%
Information Technology — (13.0%)
*Apple, Inc.		73,982		22,258,964		0.4%
*Cisco Sytems, Inc.		644,418		14,712,063		0.3%
*Corning, Inc.		657,240		12,014,347		0.2%
*Google, Inc.		21,286		13,048,105		0.3%
Hewlett-Packard Co.		462,271		19,443,118		0.4%
*Intel Corp.		1,078,333		21,642,143		0.4%
*International Business Machines Corp.		92,663		13,306,407		0.3%
*Microsoft Corp.		730,054		19,448,639		0.4%
*Oracle Corp.		457,669		13,455,469		0.3%
Other Securities				574,882,008		11.5%
Total Information Technology				724,211,263		14.5%
Materials — (4.8%)
Dow Chemical Co. (The)		440,886		13,592,515		0.3%
Other Securities				253,873,693		5.1%
Total Materials				267,466,208		5.4%
Other — (0.0%)
Other Securities				—		0.0%
Telecommunication Services — (2.9%)
*AT&T, Inc.		2,480,137		70,683,904		1.4%
*Verizon Communications, Inc.		1,203,470		39,076,671		0.8%
Other Securities				50,508,774		1.0%
Total Telecommunication Services				160,269,349		3.2%
Utilities — (2.2%)
Other Securities				123,441,800		2.5%
TOTAL COMMON STOCKS				4,977,467,493		99.7%
RIGHTS/WARRANTS — (0.0%)
Other Securities				286,332		0.0%
TEMPORARY CASH INVESTMENTS — (0.4%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		22,248,086		22,248,086		0.5%
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (10.0%)
§@DFA Short Term Investment Fund		555,577,546		555,577,546		11.1%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.23%, 11/01/10 (Collateralized by $2,603,638 FNMA 3.500%, 10/01/20, valued at $2,723,932) to be repurchased at $2,644,645		$2,645		2,644,594		0.1%
TOTAL SECURITIES LENDING COLLATERAL				558,222,140		11.2%

47

U.S. CORE EQUITY 2 PORTFOLIO

CONTINUED

	Value†		Percentage     of Net Assets**
TOTAL INVESTMENTS — (100.0%) (Cost $5,452,268,054)	$	5,558,224,051	111.4%

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	739,372,119		—		—	$	739,372,119
Consumer Staples		336,589,287		—		—		336,589,287
Energy		501,125,017		—		—		501,125,017
Financials		936,511,085		—		—		936,511,085
Health Care		496,455,584	$	71,619		—		496,527,203
Industrials		691,954,162		—		—		691,954,162
Information Technology		724,211,263		—		—		724,211,263
Materials		267,466,208		—		—		267,466,208
Other		—		—		—		—
Telecommunication Services		160,269,349		—		—		160,269,349
Utilities		123,441,800		—		—		123,441,800
Rights/Warrants		93,586		192,746		—		286,332
Temporary Cash Investments		22,248,086		—		—		22,248,086
Securities Lending Collateral		—		558,222,140		—		558,222,140
TOTAL	$	4,999,737,546	$	558,486,505		—	$	5,558,224,051

See accompanying Notes to Financial Statements.

48

U.S. VECTOR EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value†		Percentage     of Net Assets**
COMMON STOCKS — (88.9%)
Consumer Discretionary — (13.9%)
CBS Corp. Class B		210,809	$	3,568,996		0.2%
*Comcast Corp. Class A		298,194		6,136,833		0.4%
*Liberty Media Corp. Capital Class A		92,738		5,336,145		0.3%
*Liberty Media Corp. Interactive Class A		272,051		4,015,473		0.3%
#*Royal Caribbean Cruises, Ltd.		98,862		3,909,003		0.3%
*Time Warner Cable, Inc.		58,725		3,398,416		0.2%
*Time Warner, Inc.		198,927		6,467,117		0.4%
*TRW Automotive Holdings Corp.		67,909		3,102,762		0.2%
Walt Disney Co. (The)		123,724		4,467,674		0.3%
Other Securities				202,995,940		13.0%
Total Consumer Discretionary				243,398,359		15.6%
Consumer Staples — (4.4%)
*CVS Caremark Corp.		122,606		3,692,893		0.2%
Kraft Foods, Inc.		126,206		4,072,668		0.3%
*Procter & Gamble Co. (The)		88,050		5,597,338		0.4%
Other Securities				62,874,305		4.0%
Total Consumer Staples				76,237,204		4.9%
Energy — (8.8%)
*Anadarko Petroleum Corp.		62,467		3,846,093		0.2%
*Chevron Corp.		90,436		7,470,918		0.5%
*ConocoPhillips		197,546		11,734,232		0.8%
*Exxon Mobil Corp.		160,805		10,688,708		0.7%
*Marathon Oil Corp.		94,908		3,375,878		0.2%
Pioneer Natural Resources Co.		54,700		3,818,060		0.2%
Other Securities				112,156,169		7.2%
Total Energy				153,090,058		9.8%
Financials — (21.5%)
American Financial Group, Inc.		129,237		3,952,067		0.3%
*Bank of America Corp.		1,228,804		14,057,518		0.9%
*Bank of New York Mellon Corp. (The)		140,071		3,510,179		0.2%
*Citigroup, Inc.		1,106,727		4,615,052		0.3%
#*CNA Financial Corp.		129,608		3,592,734		0.2%
Fifth Third Bancorp		366,564		4,604,044		0.3%
*Goldman Sachs Group, Inc. (The)		33,688		5,422,084		0.4%
*JPMorgan Chase & Co.		539,281		20,293,144		1.3%
*KeyCorp		405,203		3,318,613		0.2%
*Lincoln National Corp.		151,070		3,698,194		0.2%
#*M&T Bank Corp.		50,301		3,760,000		0.2%
*MetLife, Inc.		106,708		4,303,534		0.3%
*Morgan Stanley		152,390		3,789,939		0.3%
NYSE Euronext, Inc.		116,858		3,580,529		0.2%
#*Principal Financial Group, Inc.		146,833		3,940,998		0.3%
Regions Financial Corp.		574,455		3,619,066		0.2%
Travelers Cos., Inc. (The)		73,100		4,035,120		0.3%
*Unum Group		203,475		4,561,910		0.3%
*Wells Fargo & Co.		359,913		9,386,531		0.6%
Other Securities				268,550,262		17.2%
Total Financials				376,591,518		24.2%
Health Care — (7.5%)
*King Pharmaceuticals, Inc.		239,100		3,380,874		0.2%
*Pfizer, Inc.		368,206		6,406,784		0.4%
*WellPoint, Inc.		62,400		3,390,816		0.2%

49

U.S. VECTOR EQUITY PORTFOLIO

CONTINUED

	Shares		Value†		Percentage     of Net Assets**
Health Care — (Continued)
Other Securities			$	117,901,388		7.6%
Total Health Care				131,079,862		8.4%
Industrials — (12.4%)
General Electric Co.		601,020		9,628,340		0.6%
Timken Co.		88,398		3,661,445		0.3%
*Union Pacific Corp.		38,880		3,408,998		0.2%
Other Securities				199,891,678		12.8%
Total Industrials				216,590,461		13.9%
Information Technology — (11.8%)
*IAC/InterActiveCorp.		143,788		4,011,685		0.3%
*Intel Corp.		176,424		3,540,830		0.2%
*Sandisk Corp.		90,011		3,382,613		0.2%
Other Securities				194,533,354		12.5%
Total Information Technology				205,468,482		13.2%
Materials — (5.1%)
*International Paper Co.		129,026		3,261,777		0.2%
*MeadWestavco Corp.		151,161		3,889,373		0.2%
Other Securities				82,127,578		5.3%
Total Materials				89,278,728		5.7%
Other — (0.0%)
Other Securities				—		0.0%
Telecommunication Services — (2.2%)
*AT&T, Inc.		631,080		17,985,780		1.1%
*Verizon Communications, Inc.		194,288		6,308,531		0.4%
Other Securities				15,124,874		1.0%
Total Telecommunication Services				39,419,185		2.5%
Utilities — (1.3%)
Other Securities				22,328,035		1.5%
TOTAL COMMON STOCKS				1,553,481,892		99.7%
RIGHTS/WARRANTS — (0.0%)
Other Securities				140,705		0.0%
TEMPORARY CASH INVESTMENTS — (0.3%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		5,593,179		5,593,179		0.3%
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (10.8%)
§@DFA Short Term Investment Fund		187,245,739		187,245,739		12.0%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.23%, 11/01/10 (Collateralized by $877,502 FNMA 3.500%, 10/01/20, valued at $918,045) to be repurchased at $891,322		$891		891,305		0.1%
TOTAL SECURITIES LENDING COLLATERAL				188,137,044		12.1%
TOTAL INVESTMENTS — (100.0%)
(Cost $1,718,900,258)			$	1,747,352,820		112.1%

50

U.S. VECTOR EQUITY PORTFOLIO

CONTINUED

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	243,398,359		—		—	$	243,398,359
Consumer Staples		76,237,204		—		—		76,237,204
Energy		153,090,058		—		—		153,090,058
Financials		376,591,518		—		—		376,591,518
Health Care		131,055,850	$	24,012		—		131,079,862
Industrials		216,590,461		—		—		216,590,461
Information Technology		205,468,482		—		—		205,468,482
Materials		89,278,728		—		—		89,278,728
Other		—		—		—		—
Telecommunication Services		39,419,185		—		—		39,419,185
Utilities		22,328,035		—		—		22,328,035
Rights/Warrants		25,439		115,266		—		140,705
Temporary Cash Investments		5,593,179		—		—		5,593,179
Securities Lending Collateral		—		188,137,044		—		188,137,044
TOTAL	$	1,559,076,498	$	188,276,322		—	$	1,747,352,820

See accompanying Notes to Financial Statements.

51

U.S. SMALL CAP PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value†		Percentage     of Net Assets**
COMMON STOCKS — (79.5%)
Consumer Discretionary — (13.6%)
#*Cheesecake Factory, Inc.		184,932	$	5,385,220		0.1%
#*Coinstar, Inc.		104,716		6,029,547		0.2%
*Dana Holding Corp.		407,323		5,763,620		0.2%
*Deckers Outdoor Corp.		107,700		6,257,370		0.2%
#*Gymboree Corp.		85,748		5,578,765		0.2%
#*Pier 1 Imports, Inc.		682,993		5,928,379		0.2%
#Polaris Industries, Inc.		124,600		8,857,814		0.3%
#*Sally Beauty Holdings, Inc.		492,283		5,991,084		0.2%
#*Tenneco, Inc.		167,225		5,454,880		0.1%
*Ulta Salon Cosmetics & Fragrance, Inc.		169,958		5,216,011		0.1%
*WABCO Holdings, Inc.		140,934		6,542,156		0.2%
Other Securities				508,486,043		15.0%
Total Consumer Discretionary				575,490,889		17.0%
Consumer Staples — (2.8%)
#Casey’s General Stores, Inc.		137,677		5,708,088		0.2%
#Nu Skin Enterprises, Inc. Class A		180,500		5,523,300		0.1%
Other Securities				107,336,334		3.2%
Total Consumer Staples				118,567,722		3.5%
Energy — (4.5%)
#CARBO Ceramics, Inc.		66,655		5,583,689		0.2%
*Complete Production Services, Inc.		233,321		5,466,711		0.1%
#*Mariner Energy, Inc.		254,423		6,340,221		0.2%
#RPC, Inc.		277,500		6,107,775		0.2%
Other Securities				166,187,732		4.9%
Total Energy				189,686,128		5.6%
Financials — (10.7%)
*American Capital, Ltd.		882,842		6,162,237		0.2%
CapitalSource, Inc.		871,013		5,321,889		0.1%
*Investors Bancorp, Inc.		464,275		5,571,300		0.2%
#*MBIA, Inc.		553,569		6,205,508		0.2%
Other Securities				431,333,815		12.7%
Total Financials				454,594,749		13.4%
Health Care — (9.1%)
#*AMERIGROUP Corp.		133,000		5,550,090		0.2%
*HealthSpring, Inc.		182,857		5,337,596		0.2%
#Hill-Rom Holdings, Inc.		144,017		5,580,659		0.2%
*HMS Holdings Corp.		87,139		5,237,925		0.1%
#*Incyte Corp.		315,283		5,252,615		0.1%
Other Securities				360,579,098		10.6%
Total Health Care				387,537,983		11.4%
Industrials — (14.5%)
*Alaska Air Group, Inc.		111,907		5,908,690		0.2%
#Con-way, Inc.		161,251		5,322,896		0.2%
*Esterline Technologies Corp.		87,108		5,264,808		0.1%
#*GEO Group, Inc. (The)		205,915		5,281,720		0.1%
#*JetBlue Airways Corp.		758,521		5,294,477		0.2%
#*US Airways Group, Inc.		468,000		5,517,720		0.2%
UTi Worldwide, Inc.		293,686		5,644,645		0.2%
Other Securities				577,964,125		17.0%
Total Industrials				616,199,081		18.2%

52

U.S. SMALL CAP PORTFOLIO

CONTINUED

	Shares		Value†		Percentage     of Net Assets**
Information Technology — (16.9%)
*Acme Packet, Inc.		161,675	$	6,394,246		0.2%
#Adtran, Inc.		210,232		6,784,187		0.2%
#*Aruba Networks, Inc.		263,829		5,780,493		0.2%
*Hypercom Corp.		918,056		5,471,614		0.2%
*International Rectifier Corp.		225,033		5,227,517		0.2%
*Loral Space & Communications, Inc.		128,378		7,141,668		0.2%
#Plantronics, Inc.		144,900		5,199,012		0.1%
*Quest Software, Inc.		296,730		7,765,424		0.2%
*RF Micro Devices, Inc.		1,055,523		7,694,763		0.2%
*Riverbed Technology, Inc.		146,971		8,456,711		0.2%
#Syntel, Inc.		108,782		5,315,089		0.2%
*TIBCO Software, Inc.		474,473		9,119,371		0.3%
#*VeriFone Systems, Inc.		226,455		7,660,973		0.2%
*Zebra Technologies Corp. Class A		150,051		5,368,825		0.2%
Other Securities				624,265,806		18.4%
Total Information Technology				717,645,699		21.2%
Materials — (4.4%)
*Allied Nevada Gold Corp.		215,616		5,321,403		0.2%
*Coeur d’Alene Mines Corp.		254,520		5,245,657		0.1%
Other Securities				174,977,855		5.2%
Total Materials				185,544,915		5.5%
Other — (0.0%)
Other Securities				454		0.0%
Telecommunication Services — (0.9%)
*Syniverse Holdings, Inc.		208,017		6,342,438		0.2%
Other Securities				32,767,726		0.9%
Total Telecommunication Services				39,110,164		1.1%
Utilities — (2.1%)
Other Securities				89,996,539		2.6%
TOTAL COMMON STOCKS				3,374,374,323		99.5%
RIGHTS/WARRANTS — (0.0%)
Other Securities				919,321		0.0%
TEMPORARY CASH INVESTMENTS — (0.5%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		22,578,102		22,578,102		0.7%
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (20.0%)
§@DFA Short Term Investment Fund		842,198,656		842,198,656		24.8%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.23%, 11/01/10 (Collateralized by $3,946,848 FNMA 3.500%, 10/01/20, valued at $4,129,201) to be repurchased at $4,009,010		$4,009		4,008,933		0.1%
TOTAL SECURITIES LENDING COLLATERAL				846,207,589		24.9%

53

U.S. SMALL CAP PORTFOLIO

CONTINUED

	Value†		Percentage     of Net Assets**
TOTAL INVESTMENTS — (100.0%) (Cost $3,762,762,465)	$	4,244,079,335		125.1%

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	575,490,889		—		—	$	575,490,889
Consumer Staples		118,567,722		—		—		118,567,722
Energy		189,686,128		—		—		189,686,128
Financials		454,594,749		—		—		454,594,749
Health Care		387,389,840	$	148,143		—		387,537,983
Industrials		616,199,081		—		—		616,199,081
Information Technology		717,645,699		—		—		717,645,699
Materials		185,544,915		—		—		185,544,915
Other		—		454		—		454
Telecommunication Services		39,110,164		—		—		39,110,164
Utilities		89,996,539		—		—		89,996,539
Rights/Warrants		34,946		884,375		—		919,321
Temporary Cash Investments		22,578,102		—		—		22,578,102
Securities Lending Collateral		—		846,207,589		—		846,207,589
TOTAL	$	3,396,838,774	$	847,240,561		—	$	4,244,079,335

See accompanying Notes to Financial Statements.

54

U.S. MICRO CAP PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value†		Percentage     of Net Assets**
COMMON STOCKS — (87.4%)
Consumer Discretionary — (14.0%)
#*BJ’s Restaurants, Inc.		218,820	$	7,253,883		0.2%
#*Buffalo Wild Wings, Inc.		149,089		7,011,656		0.2%
Cato Corp. Class A		251,022		6,639,532		0.2%
#Monro Muffler Brake, Inc.		180,713		8,627,239		0.3%
#*Pier 1 Imports, Inc.		759,929		6,596,184		0.2%
*Pinnacle Entertainment, Inc.		540,950		6,924,160		0.2%
#*Steven Madden, Ltd.		269,303		11,391,517		0.4%
*Valassis Communications, Inc.		353,966		11,680,878		0.4%
Other Securities				441,743,230		13.9%
Total Consumer Discretionary				507,868,279		16.0%
Consumer Staples — (4.2%)
Andersons, Inc. (The)		164,550		6,478,334		0.2%
J & J Snack Foods Corp.		180,997		7,759,341		0.2%
PriceSmart, Inc.		296,100		8,684,613		0.3%
#*USANA Health Sciences, Inc.		155,615		6,834,611		0.2%
Other Securities				123,784,622		3.9%
Total Consumer Staples				153,541,521		4.8%
Energy — (3.2%)
*Clayton Williams Energy, Inc.		110,880		6,621,754		0.2%
Other Securities				110,929,112		3.5%
Total Energy				117,550,866		3.7%
Financials — (12.1%)
#FBL Financial Group, Inc. Class A		289,468		7,572,483		0.2%
*First Cash Financial Services, Inc.		294,883		8,572,249		0.3%
Horace Mann Educators Corp.		424,387		7,931,793		0.3%
Infinity Property & Casualty Corp.		144,873		7,497,178		0.2%
#*Portfolio Recovery Associates, Inc.		97,409		6,531,273		0.2%
#*World Acceptance Corp.		156,911		6,770,710		0.2%
Other Securities				392,306,020		12.4%
Total Financials				437,181,706		13.8%
Health Care — (11.4%)
Invacare Corp.		248,109		6,698,943		0.2%
*Neogen Corp.		203,656		6,806,184		0.2%
*NxStage Medical, Inc.		335,606		6,765,817		0.2%
Other Securities				390,859,989		12.3%
Total Health Care				411,130,933		12.9%
Industrials — (16.1%)
*Acacia Technologies Group		355,785		9,470,997		0.3%
American Science & Engineering, Inc.		87,246		7,184,708		0.2%
#Badger Meter, Inc.		155,222		6,446,370		0.2%
*GeoEye, Inc.		145,416		6,437,566		0.2%
#Raven Industries, Inc.		178,996		7,360,316		0.2%
Tredegar Industries, Inc.		334,848		6,459,218		0.2%
#*United Rentals, Inc.		353,280		6,638,131		0.2%
Other Securities				532,880,622		16.8%
Total Industrials				582,877,928		18.3%
Information Technology — (19.7%)
*Acme Packet, Inc.		171,574		6,785,752		0.2%
*Cabot Microelectronics Corp.		230,045		8,886,638		0.3%
#*DTS, Inc.		171,283		6,817,063		0.2%

55

U.S. MICRO CAP PORTFOLIO

CONTINUED

	Shares		Value†		Percentage     of Net Assets**
Information Technology — (Continued)
*Forrester Research, Inc.		223,549	$	7,392,765		0.2%
iGATE Corp.		521,424		10,657,907		0.3%
#*IPG Photonics Corp.		458,850		10,324,125		0.3%
#*L-1 Identity Solutions, Inc.		785,607		9,262,307		0.3%
#*Littlefuse, Inc.		200,242		8,496,268		0.3%
#*Loral Space & Communications, Inc.		161,771		8,999,321		0.3%
*Manhattan Associates, Inc.		238,948		7,354,819		0.2%
*NetScout Systems, Inc.		317,575		7,453,485		0.2%
*RightNow Technologies, Inc.		299,706		7,828,321		0.3%
*ScanSource, Inc.		236,107		7,069,044		0.2%
#*STEC, Inc.		446,325		6,962,670		0.2%
#*Tyler Technologies, Inc.		364,519		7,439,833		0.2%
#*Ultimate Software Group, Inc.		215,449		8,915,280		0.3%
#*Universal Display Corp.		307,402		7,697,346		0.3%
Other Securities				574,946,376		18.1%
Total Information Technology				713,289,320		22.4%
Materials — (4.0%)
#AMCOL International Corp.		263,102		7,298,449		0.2%
Arch Chemicals, Inc.		218,955		7,775,092		0.3%
Balchem Corp.		235,675		7,202,228		0.2%
Other Securities				121,780,006		3.8%
Total Materials				144,055,775		4.5%
Other — (0.0%)
Other Securities				2,444		0.0%
Telecommunication Services — (1.1%)
Other Securities				39,764,550		1.3%
Utilities — (1.6%)
MGE Energy, Inc.		196,967		7,987,012		0.3%
Other Securities				49,028,252		1.5%
Total Utilities				57,015,264		1.8%
TOTAL COMMON STOCKS				3,164,278,586		99.5%
RIGHTS/WARRANTS — (0.0%)
Other Securities				601,947		0.0%
TEMPORARY CASH INVESTMENTS — (0.4%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		14,738,317		14,738,317		0.5%
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (12.2%)
§@DFA Short Term Investment Fund		438,511,577		438,511,577		13.8%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.23%, 11/01/10 (Collateralized by $2,055,024 FNMA 3.500%, 10/01/20, valued at $2,149,971) to be repurchased at $2,087,390		$2,087		2,087,350		0.1%
TOTAL SECURITIES LENDING COLLATERAL				440,598,927		13.9%

56

U.S. MICRO CAP PORTFOLIO

CONTINUED

	Value†		Percentage     of Net Assets**
TOTAL INVESTMENTS — (100.0%) (Cost $3,315,884,886)	$	3,620,217,777		113.9%

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	507,868,279		—		—	$	507,868,279
Consumer Staples		153,541,521		—		—		153,541,521
Energy		117,550,866		—		—		117,550,866
Financials		437,181,706		—		—		437,181,706
Health Care		410,905,037	$	225,896		—		411,130,933
Industrials		582,877,928		—		—		582,877,928
Information Technology		713,289,320		—		—		713,289,320
Materials		144,055,775		—		—		144,055,775
Other		—		2,444		—		2,444
Telecommunication Services		39,764,550		—		—		39,764,550
Utilities		57,015,264		—		—		57,015,264
Rights/Warrants		4,633		597,314		—		601,947
Temporary Cash Investments		14,738,317		—		—		14,738,317
Securities Lending Collateral		—		440,598,927		—		440,598,927
TOTAL	$	3,178,793,196	$	441,424,581		—	$	3,620,217,777

See accompanying Notes to Financial Statements.

57

DFA REAL ESTATE SECURITIES PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value†		Percentage     of Net Assets**
COMMON STOCKS — (79.8%)
Health Care — (0.0%)
Other Securities			$	61,722		0.0%
Real Estate Investment Trusts — (79.8%)
#Alexander’s, Inc.		52,368		19,681,989		0.7%
#Alexandria Real Estate Equities, Inc.		430,728		31,649,893		1.2%
#AMB Property Corp.		1,426,481		40,212,499		1.5%
#American Campus Communites, Inc.		508,865		16,095,400		0.6%
*Apartment Investment & Management Co. Class A		1,095,380		25,533,308		0.9%
#AvalonBay Communities, Inc.		778,009		82,710,137		3.1%
#BioMed Realty Trust, Inc.		1,011,329		18,557,887		0.7%
#Boston Properties, Inc.		1,306,800		112,633,092		4.2%
#BRE Properties, Inc. Class A		551,733		23,685,898		0.9%
#Camden Property Trust		619,003		30,696,359		1.1%
#CBL & Associates Properties, Inc.		1,297,756		20,348,814		0.8%
#Corporate Office Properties Trust		553,900		19,657,911		0.7%
#Developers Diversified Realty Corp.		1,945,090		25,091,661		0.9%
#Digital Realty Trust, Inc.		747,547		44,650,982		1.7%
#Douglas Emmett, Inc.		1,098,938		19,714,948		0.7%
Duke Realty Corp.		2,141,360		26,702,759		1.0%
#Entertainment Properties Trust		398,314		18,414,056		0.7%
Equity Lifestyle Properties, Inc.		286,964		16,333,991		0.6%
#Equity Residential		2,648,356		128,789,552		4.8%
#Essex Property Trust, Inc.		276,971		31,286,644		1.2%
#Federal Realty Investment Trust		576,715		47,279,096		1.8%
#*HCP, Inc.		2,801,005		100,864,190		3.8%
#*Health Care REIT, Inc.		1,166,673		59,616,990		2.2%
#Highwood Properties, Inc.		672,970		22,295,496		0.8%
#Home Properties, Inc.		335,680		18,277,776		0.7%
#Hospitality Properties Trust		1,160,767		26,477,095		1.0%
#Host Marriott Corp.		6,147,086		97,677,197		3.6%
#*Kimco Realty Corp.		3,798,124		65,441,677		2.4%
#Lasalle Hotel Properties		623,626		14,773,700		0.5%
#Liberty Property Trust		1,060,279		35,476,935		1.3%
Macerich Co. (The)		1,044,035		46,574,401		1.7%
Mack-Cali Realty Corp.		742,584		24,935,971		0.9%
Mid-America Apartment Communities, Inc.		279,319		17,046,839		0.6%
#National Retail Properties, Inc.		783,449		21,231,468		0.8%
Nationwide Health Properties, Inc.		1,102,624		45,020,138		1.7%
Omega Healthcare Investors, Inc.		836,312		19,235,176		0.7%
#*ProLogis		4,462,298		60,910,368		2.3%
#Public Storage REIT		1,438,672		142,745,036		5.3%
#Realty Income Corp.		982,058		33,664,948		1.3%
#Regency Centers Corp.		768,887		32,431,654		1.2%
Senior Housing Properties Trust		1,197,532		28,609,039		1.1%
#*Simon Property Group, Inc.		2,740,392		263,132,440		9.8%
#SL Green Realty Corp.		732,883		48,165,071		1.8%
#Tanger Factory Outlet Centers, Inc.		380,398		18,228,672		0.7%
#Taubman Centers, Inc.		513,047		23,815,642		0.9%
UDR, Inc.		1,491,932		33,538,631		1.2%
#Ventas, Inc.		1,474,528		78,975,720		2.9%
#*Vornado Realty Trust		1,636,540		143,017,231		5.3%
#Washington REIT		570,992		18,288,874		0.7%
#Weingarten Realty Investors		1,129,891		27,264,270		1.0%
Other Securities				317,354,761		11.8%
Total Real Estate Investment Trusts				2,684,814,282		99.8%
TOTAL COMMON STOCKS				2,684,876,004		99.8%

58

DFA REAL ESTATE SECURITIES PORTFOLIO

CONTINUED

	Shares		Value†		Percentage     of Net Assets**
TEMPORARY CASH INVESTMENTS — (0.1%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		2,684,740		$2,684,740		0.1%
		Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (20.1%)
§@DFA Short Term Investment Fund		673,752,172		673,752,172		25.1%
@ Repurchase Agreement, Deutsche Bank Securities, Inc. 0.23%, 11/01/10 (Collateralized by $3,157,447 FNMA 3.500%, 10/01/20, valued at $3,303,328) to be repurchased at $3,207,175		$3,207		3,207,114		0.1%
TOTAL SECURITIES LENDING COLLATERAL				676,959,286		25.2%
TOTAL INVESTMENTS — (100.0%) (Cost $2,919,766,520)			$	3,364,520,030		125.1%

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Health Care	$	61,722		—		—	$	61,722
Real Estate Investment Trusts		2,684,814,282		—		—		2,684,814,282
Temporary Cash Investments		2,684,740		—		—		2,684,740
Securities Lending Collateral		—	$	676,959,286		—		676,959,286
TOTAL	$	2,687,560,744	$	676,959,286		—	$	3,364,520,030

See accompanying Notes to Financial Statements.

59

LARGE CAP INTERNATIONAL PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage     of Net Assets**
COMMON STOCKS — (84.8%)
AUSTRALIA — (6.4%)
Australia & New Zealand Banking Group, Ltd.		360,926	$	8,805,393		0.5%
BHP Billiton, Ltd.		297,885		12,308,952		0.8%
#BHP Billiton, Ltd. Sponsored ADR		85,300		7,044,927		0.4%
Commonwealth Bank of Australia NL		209,218		10,057,768		0.6%
National Australia Bank, Ltd.		299,123		7,486,542		0.5%
Rio Tinto, Ltd.		85,083		6,924,239		0.4%
#Westpac Banking Corp.		311,382		6,933,514		0.4%
Other Securities				62,373,700		3.9%
TOTAL AUSTRALIA				121,935,035		7.5%
AUSTRIA — (0.2%)
Other Securities				4,496,574		0.3%
BELGIUM — (0.7%)
Other Securities				13,763,735		0.9%
CANADA — (8.2%)
Bank of Nova Scotia		143,627		7,698,880		0.5%
Barrick Gold Corp.		134,300		6,468,101		0.4%
#Royal Bank of Canada		197,437		10,529,070		0.7%
#Suncor Energy, Inc.		218,807		7,011,092		0.4%
#Toronto Dominion Bank		123,084		8,864,124		0.5%
Other Securities				114,226,471		7.1%
TOTAL CANADA				154,797,738		9.6%
DENMARK — (0.9%)
Other Securities				16,628,023		1.0%
FINLAND — (0.8%)
Other Securities				15,956,153		1.0%
FRANCE — (7.7%)
BNP Paribas SA		132,074		9,660,674		0.6%
GDF Suez SA		171,224		6,841,628		0.4%
Sanofi-Aventis SA		94,781		6,640,547		0.4%
Total SA		162,315		8,835,490		0.6%
#Total SA Sponsored ADR		137,800		7,507,344		0.5%
Other Securities				105,832,214		6.5%
TOTAL FRANCE				145,317,897		9.0%
GERMANY — (6.1%)
BASF SE		116,835		8,524,536		0.5%
*Daimler AG		128,352		8,481,943		0.5%
Deutsche Bank AG		125,817		7,282,288		0.5%
E.ON AG		200,538		6,288,090		0.4%
#Siemens AG Sponsored ADR		67,650		7,733,072		0.5%
Other Securities				77,748,453		4.8%
TOTAL GERMANY				116,058,382		7.2%
GREECE — (0.2%)
Other Securities				3,758,613		0.2%
HONG KONG — (2.0%)
Other Securities				37,457,138		2.3%
IRELAND — (0.2%)
Other Securities				2,934,464		0.2%

60

LARGE CAP INTERNATIONAL PORTFOLIO

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
ISRAEL — (0.6%)
Teva Pharmaceutical Industries, Ltd. Sponsored ADR		126,954	$	6,588,913		0.4%
Other Securities				4,281,818		0.3%
TOTAL ISRAEL				10,870,731		0.7%
ITALY — (2.2%)
Other Securities				42,464,095		2.6%
JAPAN — (16.7%)
Mitsubishi UFJ Financial Group, Inc. ADR		1,455,897		6,784,480		0.4%
Toyota Motor Corp.		228,700		8,100,615		0.5%
Other Securities				301,828,055		18.7%
TOTAL JAPAN				316,713,150		19.6%
NETHERLANDS — (2.3%)
Unilever NV		218,517		6,489,351		0.4%
Other Securities				37,175,256		2.3%
TOTAL NETHERLANDS				43,664,607		2.7%
NEW ZEALAND — (0.1%)
Other Securities				1,490,718		0.1%
NORWAY — (0.9%)
Other Securities				16,306,929		1.0%
PORTUGAL — (0.2%)
Other Securities				4,251,531		0.3%
SINGAPORE — (1.3%)
Other Securities				24,228,772		1.5%
SPAIN — (3.0%)
#Banco Bilbao Vizcaya Argentaria SA Sponsored ADR		491,102		6,457,991		0.4%
#Banco Santander SA Sponsored ADR		853,568		10,934,206		0.7%
#Telefonica SA Sponsored ADR		135,963		11,032,038		0.7%
Other Securities				28,301,195		1.7%
TOTAL SPAIN				56,725,430		3.5%
SWEDEN — (2.2%)
Other Securities				42,437,882		2.6%
SWITZERLAND — (5.9%)
Nestle SA		471,890		25,847,536		1.6%
Novartis AG		151,030		8,751,091		0.5%
#*Novartis AG ADR		141,600		8,205,720		0.5%
#Roche Holding AG Genusschein		97,207		14,275,254		0.9%
#*UBS AG		478,710		8,132,107		0.5%
Other Securities				46,782,377		2.9%
TOTAL SWITZERLAND				111,994,085		6.9%
UNITED KINGDOM — (16.0%)
Anglo American P.L.C.		186,195		8,675,422		0.5%
AstraZeneca P.L.C.		123,555		6,215,085		0.4%
BG Group P.L.C.		348,779		6,789,416		0.4%
BHP Billiton P.L.C. ADR		89,700		6,350,760		0.4%
#*BP P.L.C. Sponsored ADR		196,119		8,007,539		0.5%
British American Tobacco P.L.C.		232,362		8,852,178		0.5%
GlaxoSmithKline P.L.C.		478,323		9,340,518		0.6%
HSBC Holdings P.L.C.		1,180,768		12,289,079		0.8%
#HSBC Holdings P.L.C. Sponsored ADR		234,056		12,196,658		0.7%
Rio Tinto P.L.C.		140,777		9,143,554		0.6%

61

LARGE CAP INTERNATIONAL PORTFOLIO

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
UNITED KINGDOM — (Continued)
#Royal Dutch Shell P.L.C. ADR		344,141	$	22,135,149		1.4%
Royal Dutch Shell P.L.C. Series B		195,121		6,244,225		0.4%
Standard Chartered P.L.C.		259,989		7,520,185		0.5%
Tesco P.L.C.		1,059,552		7,251,211		0.4%
Vodafone Group P.L.C.		3,189,133		8,717,874		0.5%
Vodafone Group P.L.C. Sponsored ADR		384,600		10,580,346		0.7%
Other Securities				152,293,978		9.4%
TOTAL UNITED KINGDOM				302,603,177		18.7%
TOTAL COMMON STOCKS				1,606,854,859		99.4%
PREFERRED STOCKS — (0.1%)
GERMANY — (0.0%)
Other Securities				1,067,033		0.1%
RIGHTS/WARRANTS — (0.0%)
AUSTRIA — (0.0%)
Other Securities				33		0.0%
BELGIUM — (0.0%)
Other Securities				4		0.0%
UNITED KINGDOM — (0.0%)
Other Securities				940,877		0.1%
TOTAL RIGHTS/WARRANTS				940,914		0.1%
	Face   Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.0%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $585,000 FHLMC 5.00%, 10/15/19, valued at $661,781) to be repurchased at $647,010		$647		647,000		0.0%
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (15.1%)
§@DFA Short Term Investment Fund		282,774,040		282,774,040		17.5%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $2,553,855)## to be repurchased at $2,503,825	$	2,504		2,503,779		0.1%
TOTAL SECURITIES LENDING COLLATERAL				285,277,819		17.6%
TOTAL INVESTMENTS — (100.0%) (Cost $1,669,476,129)			$	1,894,787,625		117.2%

62

LARGE CAP INTERNATIONAL PORTFOLIO

CONTINUED

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	9,171,654	$	112,763,381		—	$	121,935,035
Austria		73,080		4,423,494		—		4,496,574
Belgium		2,138,712		11,625,023		—		13,763,735
Canada		154,797,738		—		—		154,797,738
Denmark		2,780,449		13,847,574		—		16,628,023
Finland		2,660,444		13,295,709		—		15,956,153
France		16,049,842		129,268,055		—		145,317,897
Germany		27,409,378		88,649,004		—		116,058,382
Greece		398,221		3,360,392		—		3,758,613
Hong Kong		618		37,456,520		—		37,457,138
Ireland		1,196,219		1,738,245		—		2,934,464
Israel		6,854,316		4,016,415		—		10,870,731
Italy		5,849,445		36,614,650		—		42,464,095
Japan		34,598,078		282,115,072		—		316,713,150
Netherlands		4,592,088		39,072,519		—		43,664,607
New Zealand		—		1,490,718		—		1,490,718
Norway		1,065,326		15,241,603		—		16,306,929
Portugal		292,320		3,959,211		—		4,251,531
Singapore		29,038		24,199,734		—		24,228,772
Spain		30,603,438		26,121,992		—		56,725,430
Sweden		702,015		41,735,867		—		42,437,882
Switzerland		16,303,487		95,690,598		—		111,994,085
United Kingdom		95,595,475		207,007,702		—		302,603,177
Preferred Stocks
Germany		—		1,067,033		—		1,067,033
Rights/Warrants
Austria		—		33		—		33
Belgium		4		—		—		4
United Kingdom		—		940,877		—		940,877
Temporary Cash Investments		—		647,000		—		647,000
Securities Lending Collateral		—		285,277,819		—		285,277,819
TOTAL	$	413,161,385	$	1,481,626,240		—	$	1,894,787,625

See accompanying Notes to Financial Statements.

63

INTERNATIONAL CORE EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage     of Net Assets**
COMMON STOCKS — (85.2%)
AUSTRALIA — (5.8%)
Australia & New Zealand Banking Group, Ltd.		658,301	$	16,060,353		0.3%
Commonwealth Bank of Australia NL		254,892		12,253,461		0.3%
National Australia Bank, Ltd.		526,770		13,184,161		0.3%
Wesfarmers, Ltd.		361,256		11,754,042		0.2%
Other Securities				278,536,710		5.7%
TOTAL AUSTRALIA				331,788,727		6.8%
AUSTRIA — (0.5%)
Other Securities				28,018,523		0.6%
BELGIUM — (1.0%)
Other Securities				54,855,611		1.1%
CANADA — (8.9%)
#Bank of Montreal		202,373		11,951,099		0.2%
Suncor Energy, Inc.		402,417		12,894,389		0.3%
Teck Resources, Ltd. Class B		337,587		15,093,604		0.3%
#Toronto Dominion Bank		235,160		16,935,486		0.4%
Other Securities				447,414,758		9.2%
TOTAL CANADA				504,289,336		10.4%
DENMARK — (0.8%)
Other Securities				48,333,458		1.0%
FINLAND — (1.4%)
Other Securities				81,547,312		1.7%
FRANCE — (7.2%)
BNP Paribas SA		331,407		24,241,068		0.5%
GDF Suez SA		425,977		17,020,838		0.3%
*Sanofi-Aventis SA ADR		530,172		18,614,339		0.4%
Schneider Electric SA		88,768		12,612,315		0.3%
Societe Generale Paris SA		219,316		13,151,265		0.3%
#Total SA Sponsored ADR		338,384		18,435,160		0.4%
Vivendi SA		419,021		11,973,602		0.2%
Other Securities				290,774,088		6.0%
TOTAL FRANCE				406,822,675		8.4%
GERMANY — (5.4%)
#Allianz SE Sponsored ADR		984,886		12,340,622		0.2%
*Daimler AG		266,387		17,603,773		0.4%
Deutsche Bank AG		242,074		13,944,899		0.3%
Munchener Rueckversicherungs-Gesellschaft AG		80,131		12,524,534		0.2%
#Siemens AG Sponsored ADR		125,474		14,342,933		0.3%
Other Securities				236,474,016		4.9%
TOTAL GERMANY				307,230,777		6.3%
GREECE — (0.5%)
Other Securities				29,400,700		0.6%
HONG KONG — (2.2%)
Other Securities				123,798,216		2.5%
IRELAND — (0.5%)
Other Securities				27,024,342		0.5%
ISRAEL — (0.8%)
Teva Pharmaceutical Industries, Ltd. Sponsored ADR		368,163		19,107,660		0.4%

64

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
ISRAEL — (Continued)
Other Securities			$	25,886,858		0.5%
TOTAL ISRAEL				44,994,518		0.9%
ITALY — (2.3%)
UniCredit SpA		5,518,028		14,385,868		0.3%
Other Securities				115,484,360		2.4%
TOTAL ITALY				129,870,228		2.7%
JAPAN — (16.2%)
#Honda Motor Co., Ltd. Sponsored ADR		409,732		14,762,644		0.3%
Mitsubishi UFJ Financial Group, Inc.		2,706,300		12,559,949		0.3%
Sumitomo Mitsui Financial Group, Inc.		484,058		14,448,040		0.3%
#*Toyota Motor Corp. Sponsored ADR		312,041		22,098,744		0.4%
Other Securities				853,802,115		17.5%
TOTAL JAPAN				917,671,492		18.8%
NETHERLANDS — (2.3%)
#*ING Groep NV Sponsored ADR		1,565,969		16,881,146		0.3%
Other Securities				114,912,653		2.4%
TOTAL NETHERLANDS				131,793,799		2.7%
NEW ZEALAND — (0.2%)
Other Securities				12,018,251		0.2%
NORWAY — (1.0%)
Other Securities				54,269,344		1.1%
PORTUGAL — (0.3%)
Other Securities				19,359,124		0.4%
SINGAPORE — (1.4%)
Other Securities				81,994,738		1.7%
SPAIN — (2.1%)
#Banco Santander SA Sponsored ADR		2,151,591		27,561,881		0.6%
Other Securities				92,402,501		1.9%
TOTAL SPAIN				119,964,382		2.5%
SWEDEN — (2.4%)
#Nordea Bank AB		1,048,729		11,547,196		0.2%
Other Securities				123,522,700		2.6%
TOTAL SWEDEN				135,069,896		2.8%
SWITZERLAND — (5.4%)
Compagnie Financiere Richemont SA Series A		232,579		11,600,624		0.2%
#Credit Suisse Group AG Sponsored ADR		405,680		16,835,720		0.3%
#Holcim, Ltd. AG		196,366		12,232,874		0.3%
Nestle SA		546,164		29,915,857		0.6%
#*Novartis AG ADR		478,626		27,736,377		0.6%
#Roche Holding AG Genusschein		82,873		12,170,246		0.3%
#*UBS AG		838,389		14,242,170		0.3%
Zurich Financial Services AG		80,500		19,699,753		0.4%
Other Securities				165,107,010		3.4%
TOTAL SWITZERLAND				309,540,631		6.4%
UNITED KINGDOM — (16.6%)
Anglo American P.L.C.		536,326		24,989,149		0.5%
Barclays P.L.C. Sponsored ADR		1,016,357		17,938,701		0.4%
BG Group P.L.C.		598,458		11,649,727		0.2%

65

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
UNITED KINGDOM — (Continued)
*BP P.L.C. Sponsored ADR		717,376	$	29,290,462		0.6%
#HSBC Holdings P.L.C. Sponsored ADR		1,196,015		62,324,342		1.3%
*Lloyds Banking Group P.L.C.		11,686,370		12,844,830		0.3%
#Rio Tinto P.L.C. Sponsored ADR		182,907		11,910,904		0.2%
#Royal Dutch Shell P.L.C. ADR		1,054,306		67,812,962		1.4%
SABmiller P.L.C.		396,880		12,876,248		0.3%
Standard Chartered P.L.C.		837,301		24,218,941		0.5%
Tesco P.L.C.		1,793,199		12,272,040		0.3%
Vodafone Group P.L.C. Sponsored ADR		1,797,431		49,447,327		1.0%
Xstrata P.L.C.		782,713		15,163,801		0.3%
Other Securities				589,678,026		12.1%
TOTAL UNITED KINGDOM				942,417,460		19.4%
TOTAL COMMON STOCKS				4,842,073,540		99.5%
PREFERRED STOCKS — (0.0%)
AUSTRALIA — (0.0%)
Other Securities				139,214		0.0%
GERMANY — (0.0%)
Other Securities				1,135,420		0.0%
TOTAL PREFERRED STOCKS				1,274,634		0.0%
RIGHTS/WARRANTS — (0.1%)
AUSTRALIA — (0.0%)
Other Securities				15,632		0.0%
AUSTRIA — (0.0%)
Other Securities				898		0.0%
BELGIUM — (0.0%)
Other Securities				1,473		0.0%
FRANCE — (0.0%)
Other Securities				46,795		0.0%
HONG KONG — (0.0%)
Other Securities				5,177		0.0%
ITALY — (0.0%)
Other Securities				840		0.0%
JAPAN — (0.0%)
Other Securities				—		0.0%
UNITED KINGDOM — (0.1%)
Other Securities				3,034,512		0.0%
TOTAL RIGHTS/WARRANTS				3,105,327		0.0%
	Face   Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.1%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $7,960,000 FNMA 4.00%, 09/01/24, valued at $6,961,597) to be repurchased at $8,115,128		$8,115		8,115,000		0.2%

66

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED

	Shares/ Face   Amount		Value†		Percentage     of Net Assets**
	(000)
SECURITIES LENDING COLLATERAL — (14.6%)
§@DFA Short Term Investment Fund		826,241,868	$	826,241,868		17.0%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $1,118,211)## to be repurchased at $1,096,305		$1,096		1,096,285		0.0%
TOTAL SECURITIES LENDING COLLATERAL				827,338,153		17.0%
TOTAL INVESTMENTS — (100.0%) (Cost $5,623,297,840)			$	5,681,906,654		116.7%

67

INTERNATIONAL CORE EQUITY PORTFOLIO

CONTINUED

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	18,468,595	$	313,320,132		—	$	331,788,727
Austria		127,890		27,890,633		—		28,018,523
Belgium		4,617,807		50,237,804		—		54,855,611
Canada		504,288,895		441		—		504,289,336
Denmark		2,551,243		45,782,215		—		48,333,458
Finland		4,563,466		76,983,846		—		81,547,312
France		70,510,547		336,312,128		—		406,822,675
Germany		57,823,579		249,407,198		—		307,230,777
Greece		4,045,382		25,355,318		—		29,400,700
Hong Kong		327,879		123,470,337		—		123,798,216
Ireland		8,312,670		18,711,672		—		27,024,342
Israel		21,329,299		23,665,219		—		44,994,518
Italy		12,637,748		117,232,480		—		129,870,228
Japan		86,703,729		830,967,763		—		917,671,492
Netherlands		33,232,058		98,561,741		—		131,793,799
New Zealand		410,057		11,608,194		—		12,018,251
Norway		1,750,068		52,519,276		—		54,269,344
Portugal		496,048		18,863,076		—		19,359,124
Singapore		116,087		81,878,651		—		81,994,738
Spain		52,072,357		67,892,025		—		119,964,382
Sweden		7,918,313		127,151,583		—		135,069,896
Switzerland		61,287,130		248,253,501		—		309,540,631
United Kingdom		315,699,339		626,718,121		—		942,417,460
Preferred Stocks
Australia		—		139,214		—		139,214
Germany		—		1,135,420		—		1,135,420
Rights/Warrants
Australia		—		15,632		—		15,632
Austria		—		898		—		898
Belgium		844		629		—		1,473
France		46,795		—		—		46,795
Hong Kong		2,941		2,236		—		5,177
Italy		840		—		—		840
Japan		—		—		—		—
United Kingdom		—		3,034,512		—		3,034,512
Temporary Cash Investments		—		8,115,000		—		8,115,000
Securities Lending Collateral		—		827,338,153		—		827,338,153
TOTAL	$	1,269,341,606	$	4,412,565,048		—	$	5,681,906,654

See accompanying Notes to Financial Statements.

68

INTERNATIONAL SMALL COMPANY PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2010

			Value†
AFFILIATED INVESTMENT COMPANIES — (99.6%)
Investment in The Continental Small Company Series of The DFA Investment Trust Company			$	1,944,334,558
Investment in The Japanese Small Company Series of The DFA Investment Trust Company				1,096,614,585
Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company				1,002,935,645
Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company				803,584,662
Investment in The Canadian Small Company Series of The DFA Investment Trust Company				663,721,245
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $4,975,116,425)			$	5,511,190,695
	Face Amount (000)
TEMPORARY CASH INVESTMENTS — (0.4%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 05/03/10 (Collateralized by $28,530,000 FHLMC 5.228%(r), 09/01/38, valued at $17,602,432) to be repurchased at $17,342,275 (Cost $17,342,000)	$	17,342		17,342,000
TOTAL INVESTMENTS - (100.0%) (Cost $4,992,458,425)			$	5,528,532,695

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Affiliated Investment Companies	$	5,511,190,695		—		—	$	5,511,190,695
Temporary Cash Investments		—	$	17,342,000		—		17,342,000
TOTAL	$	5,511,190,695	$	17,342,000		—	$	5,528,532,695

See accompanying Notes to Financial Statements.

69

JAPANESE SMALL COMPANY PORTFOLIO

SCHEDULES OF INVESTMENTS

October 31, 2010

	Value†
AFFILIATED INVESTMENT COMPANY — (100.0%)
Investment in The Japanese Small Company Series of The DFA Investment Trust Company	$	114,984,213
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $190,942,562)	$	114,984,213

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Affiliated Investment Company	$	114,984,213		—		—	$	114,984,213
ASIA PACIFIC SMALL COMPANY PORTFOLIO
							Value†
AFFILIATED INVESTMENT COMPANY — (100.0%)
Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company							$	131,556,739
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $104,540,094)							$	131,556,739

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2	Level 3	Total
Affiliated Investment Company	$	131,556,739	—	—	$	131,556,739

See accompanying Notes to Financial Statements.

70

UNITED KINGDOM SMALL COMPANY PORTFOLIO

SCHEDULES OF INVESTMENTS

October 31, 2010

	Value†
AFFILIATED INVESTMENT COMPANY — (100.0%)
Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company	$	33,757,708
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $30,218,530)	$	33,757,708

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Affiliated Investment Company	$	33,757,708		—		—	$	33,757,708
CONTINENTAL SMALL COMPANY PORTFOLIO
							Value†
AFFILIATED INVESTMENT COMPANY — (100.0%)
Investment in The Continental Small Company Series of The DFA Investment Trust Company							$	128,155,853
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $110,310,890)							$	128,155,853

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Affiliated Investment Company	$	128,155,853		—		—	$	128,155,853

See accompanying Notes to Financial Statements.

71

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage     of Net Assets**
COMMON STOCKS — (86.6%)
AUSTRALIA — (22.0%)
#CFS Retail Property Trust		9,068,093	$	16,510,449		1.7%
Charter Hall Office REIT		2,136,057		5,517,519		0.6%
Commonwealth Property Office Fund		8,415,742		7,555,179		0.8%
Dexus Property Group		21,863,944		17,806,813		1.9%
Goodman Group		27,826,009		17,211,712		1.8%
GPT Group		7,702,861		21,099,581		2.2%
#ING Industrial Fund		9,728,673		5,018,049		0.5%
ING Office Fund		11,534,168		6,971,007		0.7%
Stockland Trust Group		10,758,372		39,840,205		4.2%
Westfield Group		7,148,259		86,939,642		9.1%
Other Securities				17,668,358		1.8%
TOTAL AUSTRALIA				242,138,514		25.3%
BELGIUM — (1.6%)
Befimmo SCA		58,642		5,414,539		0.6%
Cofinimmo SA		47,839		6,831,601		0.7%
Other Securities				5,191,078		0.5%
TOTAL BELGIUM				17,437,218		1.8%
CANADA — (5.8%)
#Calloway REIT		213,154		5,015,880		0.5%
#H&R REIT		543,046		10,872,634		1.1%
#Riocan REIT		542,522		12,261,135		1.3%
Other Securities				35,330,934		3.7%
TOTAL CANADA				63,480,583		6.6%
CHINA — (0.1%)
Other Securities				1,377,525		0.1%
FRANCE — (13.5%)
Fonciere des Regions SA		121,620		13,903,274		1.5%
Gecina SA		90,375		10,974,471		1.1%
Icade SA		99,280		10,912,165		1.1%
#Klepierre SA		458,791		17,860,133		1.9%
Societe Immobiliere de Location pour l’Industrie et le Commerce SA		60,258		8,100,236		0.8%
#Unibail-Rodamco SE		365,876		76,339,148		8.0%
Other Securities				9,953,484		1.0%
TOTAL FRANCE				148,042,911		15.4%
GERMANY — (0.1%)
Other Securities				1,684,703		0.2%
GREECE — (0.0%)
Other Securities				319,801		0.0%
HONG KONG — (3.5%)
#Champion REIT		11,091,713		6,111,723		0.6%
Link REIT (The)		9,330,639		28,858,709		3.0%
Other Securities				3,284,204		0.4%
TOTAL HONG KONG				38,254,636		4.0%
ISRAEL — (0.0%)
Other Securities				51,978		0.0%
ITALY — (0.1%)
Other Securities				1,675,459		0.2%

72

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
JAPAN — (13.5%)
*Advance Residence Investment Corp.		3,475	$	6,050,779		0.6%
#Frontier Real Estate Investment Corp.		687		5,516,125		0.6%
#Japan Logistics Fund, Inc.		623		5,137,974		0.5%
Japan Prime Realty Investment Corp.		2,867		7,126,250		0.7%
Japan Real Estate Investment Corp.		2,121		20,418,676		2.1%
Japan Retail Fund Investment.		7,063		11,000,592		1.2%
MORI TRUST Sogo REIT, Inc.		691		6,278,269		0.7%
Nippon Building Fund, Inc.		2,294		22,478,003		2.3%
#Nomura Real Estate Office Fund, Inc.		1,239		7,619,808		0.8%
#Orix Jreit, Inc.		1,093		5,859,987		0.6%
#United Urban Investment Corp.		831		5,704,687		0.6%
Other Securities				44,927,437		4.7%
TOTAL JAPAN				148,118,587		15.4%
MALAYSIA — (0.1%)
Other Securities				793,555		0.1%
NETHERLANDS — (4.0%)
Corio NV		257,999		18,964,014		2.0%
Eurocommercial Properties NV		119,557		5,918,125		0.6%
#VastNed Retail NV		71,341		4,961,794		0.5%
#Wereldhave NV		92,108		9,365,795		1.0%
Other Securities				4,446,002		0.5%
TOTAL NETHERLANDS				43,655,730		4.6%
NEW ZEALAND — (0.8%)
Other Securities				8,728,043		0.9%
SINGAPORE — (6.3%)
Ascendas REIT.		6,725,000		10,734,352		1.1%
#CapitaCommercial Trust		8,787,000		10,158,166		1.1%
#CapitaMall Trust		10,001,300		15,363,198		1.6%
#Suntec REIT		7,290,000		8,792,663		0.9%
Other Securities				24,544,530		2.6%
TOTAL SINGAPORE				69,592,909		7.3%
SOUTH AFRICA — (1.3%)
Other Securities				13,875,612		1.4%
TAIWAN — (0.4%)
Other Securities				4,645,246		0.5%
TURKEY — (0.3%)
Other Securities				2,956,031		0.3%
UNITED KINGDOM — (13.2%)
British Land Co. P.L.C.		3,773,213		30,806,108		3.2%
Capital Shopping Centres Group P.L.C.		1,978,248		12,181,127		1.3%
Derwent London P.L.C.		479,350		11,679,469		1.2%
Great Portland Estates P.L.C.		1,224,821		6,782,842		0.7%
Hammerson P.L.C.		3,060,087		20,559,473		2.1%
Land Securities Group P.L.C.		3,320,415		36,005,853		3.8%
Segro P.L.C.		2,944,062		13,987,374		1.5%
Shaftesbury P.L.C.		948,497		6,778,986		0.7%
Other Securities				6,477,735		0.7%
TOTAL UNITED KINGDOM				145,258,967		15.2%
TOTAL COMMON STOCKS				952,088,008		99.3%

73

DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
RIGHTS/WARRANTS — (0.0%)
FRANCE — (0.0%)
Other Securities			$	124,732		0.0%
SINGAPORE — (0.0%)
Other Securities				1,362		0.0%
TOTAL RIGHTS/WARRANTS				126,094		0.0%
	Face   Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.1%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $1,510,000 FNMA 3.126%(r), 09/01/40, valued at $1,551,730) to be repurchased at $1,525,024	$	1,525		1,525,000		0.2%
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (13.3%)
§@DFA Short Term Investment Fund		143,463,273		143,463,273		14.9%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $2,677,816)## to be repurchased at $2,625,358	$	2,625		2,625,310		0.3%
TOTAL SECURITIES LENDING COLLATERAL				146,088,583		15.2%
TOTAL INVESTMENTS — (100.0%) (Cost $1,169,055,781)			$	1,099,827,685		114.7%

74

DFA REAL ESTATE SECURITIES PORTFOLIO

CONTINUED

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia		—	$	242,138,514		—	$	242,138,514
Belgium		—		17,437,218		—		17,437,218
Canada	$	63,480,583		—		—		63,480,583
China		—		1,377,525		—		1,377,525
France		—		148,042,911		—		148,042,911
Germany		—		1,684,703		—		1,684,703
Greece		—		319,801		—		319,801
Hong Kong		—		38,254,636		—		38,254,636
Israel		—		51,978		—		51,978
Italy		695,942		979,517		—		1,675,459
Japan		—		148,118,587		—		148,118,587
Malaysia		—		793,555		—		793,555
Netherlands		—		43,655,730		—		43,655,730
New Zealand		—		8,728,043		—		8,728,043
Singapore		—		69,592,909		—		69,592,909
South Africa		—		13,875,612		—		13,875,612
Taiwan		—		4,645,246		—		4,645,246
Turkey		—		2,956,031		—		2,956,031
United Kingdom		—		145,258,967		—		145,258,967
Rights/Warrants
France		124,732		—		—		124,732
Singapore		—		1,362		—		1,362
Temporary Cash Investments		—		1,525,000		—		1,525,000
Securities Lending Collateral		—		146,088,583		—		146,088,583
TOTAL	$	64,301,257	$	1,035,526,428		—	$	1,099,827,685

See accompanying Notes to Financial Statements.

75

DFA GLOBAL REAL ESTATE SECURITIES PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2010

	Shares		Value†
AFFILIATED INVESTMENT COMPANIES — (99.8%)
Investment in DFA Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc.		18,191,391	$	386,385,137
Investment in DFA International Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc.		55,153,690		307,757,588
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $527,734,376)				694,142,725
TEMPORARY CASH INVESTMENTS — (0.2%)
BlackRock Liquidity Funds Tempcash Portfolio-Institutional Shares (Cost $1,430,973)		1,430,973		1,430,973
TOTAL INVESTMENTS - (100.0%) (Cost $529,165,349)			$	695,573,698

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2	Level 3	Total
Affiliated Investment Companies	$	694,142,725	—	—	$	694,142,725
Temporary Cash Investments		1,430,973	—	—		1,430,973
TOTAL	$	695,573,698	—	—	$	695,573,698

See accompanying Notes to Financial Statements.

76

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage     of Net Assets**
COMMON STOCKS — (93.1%)
AUSTRALIA — (7.1%)
Goodman Fielder, Ltd.		21,749,231	$	31,620,678		0.4%
*Iluka Resources, Ltd.		5,927,758		39,234,095		0.5%
*Pacific Brands, Ltd.		29,002,108		30,887,469		0.4%
#Primary Health Care, Ltd.		9,763,542		29,876,421		0.4%
Other Securities				450,069,866		5.9%
TOTAL AUSTRALIA				581,688,529		7.6%
AUSTRIA — (1.0%)
#*Wienerberger AG		2,001,544		33,732,051		0.4%
Other Securities				49,779,914		0.7%
TOTAL AUSTRIA				83,511,965		1.1%
BELGIUM — (1.3%)
Other Securities				106,109,504		1.4%
CANADA — (11.4%)
#*Canfor Corp		2,774,490		26,197,018		0.3%
*Celestica, Inc.		4,081,842		34,378,883		0.5%
Dorel Industries, Inc. Class B		842,000		28,383,136		0.4%
#Groupe Aeroplan, Inc.		3,847,565		46,778,906		0.6%
#HudBay Minerals, Inc.		2,339,093		36,924,598		0.5%
#Laurentian Bank of Canada.		707,853		30,711,340		0.4%
*Lundin Mining Corp.		7,418,026		46,985,438		0.6%
*New Gold, Inc.		6,635,020		49,116,973		0.6%
*RONA, Inc.		3,264,600		41,611,727		0.6%
Sherritt International Corp.		6,254,073		48,627,119		0.6%
West Fraser Timber Co., Ltd.		682,254		29,634,133		0.4%
Other Securities				515,779,701		6.7%
TOTAL CANADA				935,128,972		12.2%
DENMARK — (0.7%)
Other Securities				61,300,446		0.8%
FINLAND — (3.1%)
Kemira Oyj		1,784,173		26,265,376		0.3%
#Outokumpu Oyj		2,864,481		51,456,040		0.7%
Pohjola Bank P.L.C.		3,363,010		42,547,353		0.5%
#*Rautaruukki Oyj Series K		1,412,365		28,067,599		0.4%
Other Securities				104,107,750		1.4%
TOTAL FINLAND				252,444,118		3.3%
FRANCE — (5.8%)
Arkema SA		1,028,400		66,453,775		0.9%
Havas SA		7,563,593		39,852,335		0.5%
#Nexans SA		593,945		42,364,142		0.6%
*Valeo SA		736,226		39,796,267		0.5%
Other Securities				282,353,969		3.7%
TOTAL FRANCE				470,820,488		6.2%
GERMANY — (6.0%)
Aurubis AG		1,055,010		54,393,284		0.7%
Bilfinger Berger SE		956,696		70,128,204		0.9%
Lanxess AG		681,153		47,342,930		0.6%
#*TUI AG		2,408,454		28,152,149		0.4%
Other Securities				287,480,223		3.8%
TOTAL GERMANY				487,496,790		6.4%

77

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
GREECE — (0.4%)
Other Securities			$	35,042,512		0.5%
HONG KONG — (2.9%)
Other Securities				237,589,109		3.1%
IRELAND — (0.3%)
Other Securities				26,035,515		0.3%
ISRAEL — (0.7%)
Other Securities				55,767,818		0.7%
ITALY — (3.2%)
Banca Popolare di Milano Scarl		10,151,010		47,461,321		0.6%
Pirelli & Co. SpA		4,750,256		40,586,921		0.5%
Other Securities				175,521,662		2.3%
TOTAL ITALY				263,569,904		3.4%
JAPAN — (19.1%)
Other Securities				1,561,389,142		20.4%
MALAYSIA — (0.0%)
Other Securities				3,723		0.0%
NETHERLANDS — (1.8%)
Nutreco NV		569,367		41,477,758		0.5%
Other Securities				107,765,123		1.4%
TOTAL NETHERLANDS				149,242,881		1.9%
NEW ZEALAND — (0.4%)
Other Securities				35,928,179		0.5%
NORWAY — (1.4%)
Other Securities				117,059,231		1.5%
PORTUGAL — (0.2%)
Other Securities				17,650,663		0.2%
SINGAPORE — (1.6%)
Other Securities				127,268,578		1.7%
SPAIN — (1.5%)
Other Securities				121,612,657		1.6%
SWEDEN — (2.9%)
Boliden AB		2,189,573		37,177,537		0.5%
Holmen AB		932,809		29,611,539		0.4%
Trelleborg AB Series B		6,681,684		62,971,965		0.8%
Other Securities				110,052,817		1.4%
TOTAL SWEDEN				239,813,858		3.1%
SWITZERLAND — (4.5%)
*Clariant AG		3,580,483		60,553,635		0.8%
Helvetia Holding AG		102,377		36,060,333		0.5%
Other Securities				271,158,203		3.5%
TOTAL SWITZERLAND				367,772,171		4.8%
UNITED KINGDOM — (15.8%)
Amlin P.L.C.		9,708,370		63,229,380		0.8%
Bellway P.L.C.		3,481,205		29,776,033		0.4%
#Brit Insurance Holdings NV		2,890,998		48,387,798		0.6%
Catlin Group, Ltd. P.L.C.		8,513,512		47,537,231		0.6%

78

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
UNITED KINGDOM — (Continued)
Close Brothers Group P.L.C.		2,135,186	$	26,393,212		0.3%
*Cookson Group P.L.C.		4,321,345		35,675,598		0.5%
DS Smith P.L.C.		12,895,987		34,788,033		0.5%
Greene King P.L.C.		5,373,011		36,009,996		0.5%
Hiscox, Ltd. P.L.C.		10,648,017		60,438,649		0.8%
Meggitt P.L.C.		12,845,857		67,909,910		0.9%
Millennium & Copthorne Hotels P.L.C.		5,091,746		44,464,042		0.6%
Mondi P.L.C.		7,958,099		66,262,747		0.9%
*Persimmon P.L.C.		6,948,776		37,958,536		0.5%
*Travis Perkins P.L.C.		3,926,630		52,047,102		0.7%
Other Securities				639,331,768		8.3%
TOTAL UNITED KINGDOM				1,290,210,035		16.9%
TOTAL COMMON STOCKS				7,624,456,788		99.6%
PREFERRED STOCKS — (0.1%)
AUSTRALIA — (0.1%)
Other Securities				3,335,033		0.0%
RIGHTS/WARRANTS — (0.0%)
AUSTRALIA — (0.0%)
Other Securities				—		0.0%
BELGIUM — (0.0%)
Other Securities				13,021		0.0%
CANADA — (0.0%)
Other Securities				74,589		0.0%
FRANCE — (0.0%)
Other Securities				95,171		0.0%
HONG KONG — (0.0%)
Other Securities				95,934		0.0%
ITALY — (0.0%)
Other Securities				33,143		0.0%
SWEDEN — (0.0%)
Other Securities				11,863		0.0%
UNITED KINGDOM — (0.0%)
Other Securities				6,330		0.0%
TOTAL RIGHTS/WARRANTS				330,051		0.0%
	Face   Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.1%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $18,270,000 FHLMC 5.228%(r), 09/01/38, valued at $11,272,220) to be repurchased at $11,103,176	$	11,103		11,103,000		0.2%

79

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED

	Shares/ Face   Amount		Value†		Percentage     of Net Assets**
	(000)
SECURITIES LENDING COLLATERAL — (6.7%)
§@DFA Short Term Investment Fund		548,700,317		$      548,700,317		7.2%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $340,786)## to be repurchased at $334,110		$334		334,104		0.0%
TOTAL SECURITIES LENDING COLLATERAL				549,034,421		7.2%
TOTAL INVESTMENTS — (100.0%) (Cost $8,437,522,566)				$8,188,259,293		107.0%

80

DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO

CONTINUED

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	217,235	$	581,471,294		—	$	581,688,529
Austria		20,334		83,491,631		—		83,511,965
Belgium		—		106,109,504		—		106,109,504
Canada		935,128,972		—		—		935,128,972
Denmark		160,955		61,139,491		—		61,300,446
Finland		—		252,444,118		—		252,444,118
France		—		470,820,488		—		470,820,488
Germany		627		487,496,163		—		487,496,790
Greece		554,551		34,487,961		—		35,042,512
Hong Kong		20,590		237,568,519		—		237,589,109
Ireland		—		26,035,515		—		26,035,515
Israel		—		55,767,818		—		55,767,818
Italy		—		263,569,904		—		263,569,904
Japan		1,831,746		1,559,557,396		—		1,561,389,142
Malaysia		—		3,723		—		3,723
Netherlands		32,423		149,210,458		—		149,242,881
New Zealand		—		35,928,179		—		35,928,179
Norway		—		117,059,231		—		117,059,231
Portugal		—		17,650,663		—		17,650,663
Singapore		572,460		126,696,118		—		127,268,578
Spain		—		121,612,657		—		121,612,657
Sweden		—		239,813,858		—		239,813,858
Switzerland		—		367,772,171		—		367,772,171
United Kingdom		258,534		1,289,951,501		—		1,290,210,035
Preferred Stocks
Australia		—		3,335,033		—		3,335,033
Rights/Warrants
Australia		—		—		—		—
Belgium		13,021		—		—		13,021
Canada		74,589		—		—		74,589
France		95,171		—		—		95,171
Hong Kong		26,486		69,448		—		95,934
Italy		33,143		—		—		33,143
Sweden		—		11,863		—		11,863
United Kingdom		—		6,330		—		6,330
Temporary Cash Investments		—		11,103,000		—		11,103,000
Securities Lending Collateral		—		549,034,421		—		549,034,421
TOTAL	$	939,040,837	$	7,249,218,456		—	$	8,188,259,293

See accompanying Notes to Financial Statements.

81

INTERNATIONAL VECTOR EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage     of Net Assets**
COMMON STOCKS — (88.4%)
AUSTRALIA — (6.2%)
Australia & New Zealand Banking Group, Ltd.		30,566		$        745,709		0.2%
Other Securities				24,653,960		6.8%
TOTAL AUSTRALIA				25,399,669		7.0%
AUSTRIA — (0.7%)
Voestalpine AG		16,154		641,468		0.2%
Other Securities				2,166,676		0.6%
TOTAL AUSTRIA				2,808,144		0.8%
BELGIUM — (1.3%)
#Solvay SA		5,891		624,272		0.2%
Other Securities				4,530,190		1.2%
TOTAL BELGIUM				5,154,462		1.4%
CANADA — (9.8%)
#Bank of Montreal		11,300		667,319		0.2%
Magna International, Inc.		9,280		839,285		0.2%
Suncor Energy, Inc.		29,572		947,557		0.3%
Talisman Energy, Inc.		45,748		829,376		0.2%
Teck Resources, Ltd. Class B		33,100		1,479,910		0.4%
#Toronto Dominion Bank		11,000		792,185		0.2%
Other Securities				34,410,396		9.5%
TOTAL CANADA				39,966,028		11.0%
DENMARK — (1.0%)
Other Securities				4,003,151		1.1%
FINLAND — (1.8%)
UPM-Kymmene Oyj		49,028		814,623		0.2%
Other Securities				6,665,924		1.9%
TOTAL FINLAND				7,480,547		2.1%
FRANCE — (6.3%)
BNP Paribas SA		15,171		1,109,697		0.3%
Cie de Saint-Gobain SA		16,388		769,950		0.2%
Cie Generale des Establissements Michelin SA Series B		8,962		716,085		0.2%
Other Securities				23,191,532		6.4%
TOTAL FRANCE				25,787,264		7.1%
GERMANY — (5.1%)
*Daimler AG		10,656		704,185		0.2%
Deutsche Bank AG		30,792		1,782,241		0.5%
*Infineon Technologies AG ADR		88,444		694,285		0.2%
Other Securities				17,776,015		4.9%
TOTAL GERMANY				20,956,726		5.8%
GREECE — (0.7%)
Other Securities				2,843,748		0.8%
HONG KONG — (2.6%)
Other Securities				10,745,239		3.0%
IRELAND — (0.7%)
Other Securities				2,979,585		0.8%

82

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
ISRAEL — (0.7%)
Teva Pharmaceutical Industries, Ltd. Sponsored ADR		12,719		$        660,116		0.2%
Other Securities				2,380,647		0.6%
TOTAL ISRAEL				3,040,763		0.8%
ITALY — (2.6%)
Other Securities				10,439,114		2.9%
JAPAN — (17.2%)
Mitsubishi UFJ Financial Group, Inc.		208,200		966,257		0.3%
Sumitomo Mitsui Financial Group, Inc.		23,700		707,392		0.2%
Other Securities				68,388,609		18.8%
TOTAL JAPAN				70,062,258		19.3%
NETHERLANDS — (2.4%)
*ING Groep NV Sponsored ADR		72,426		780,752		0.2%
Koninklijke DSM NV		11,964		640,295		0.2%
Other Securities				8,172,724		2.2%
TOTAL NETHERLANDS				9,593,771		2.6%
NEW ZEALAND — (0.3%)
Other Securities				1,110,892		0.3%
NORWAY — (1.2%)
DnB NOR ASA Series A		46,946		644,868		0.2%
Other Securities				4,315,127		1.2%
TOTAL NORWAY				4,959,995		1.4%
PORTUGAL — (0.4%)
Other Securities				1,608,017		0.4%
SINGAPORE — (1.6%)
Other Securities				6,461,864		1.8%
SPAIN — (1.9%)
Banco Santander SA		59,423		762,730		0.2%
Banco Santander SA Sponsored ADR		49,963		640,026		0.2%
Other Securities				6,145,779		1.7%
TOTAL SPAIN				7,548,535		2.1%
SWEDEN — (2.6%)
Other Securities				10,623,539		2.9%
SWITZERLAND — (5.3%)
Holcim, Ltd. AG		21,970		1,368,650		0.4%
#*Novartis AG ADR		11,400		660,630		0.2%
Swatch Group AG		2,379		909,333		0.2%
Swiss Reinsurance Co., Ltd. AG		23,898		1,148,230		0.3%
#*UBS AG		52,017		883,641		0.2%
Zurich Financial Services AG		7,781		1,904,146		0.5%
Other Securities				14,748,072		4.1%
TOTAL SWITZERLAND				21,622,702		5.9%
UNITED KINGDOM — (16.0%)
Anglo American P.L.C.		48,414		2,255,764		0.6%
Aviva P.L.C.		128,562		819,885		0.2%
*BP P.L.C. Sponsored ADR		18,084		738,370		0.2%
#HSBC Holdings P.L.C. Sponsored ADR		51,029		2,659,121		0.7%
International Power P.L.C.		155,255		1,035,900		0.3%
Kingfisher P.L.C.		232,192		884,562		0.3%
Legal & General Group P.L.C.		594,171		955,252		0.3%

83

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
UNITED KINGDOM — (Continued)
*Lloyds Banking Group P.L.C.		637,217		$          700,384		0.2%
Man Group P.L.C.		175,697		734,349		0.2%
Old Mutual P.L.C.		499,092		1,039,401		0.3%
Prudential P.L.C.		68,348		691,277		0.2%
Resolution, Ltd. P.L.C.		153,392		643,070		0.2%
#Royal Dutch Shell P.L.C. ADR		45,916		2,953,317		0.8%
RSA Insurance Group P.L.C.		351,201		736,810		0.2%
Standard Chartered P.L.C.		26,966		779,992		0.2%
Standard Life P.L.C.		228,627		831,141		0.2%
Vodafone Group P.L.C. Sponsored ADR		83,315		2,291,996		0.6%
Weir Group P.L.C. (The)		33,007		823,815		0.2%
*Wolseley P.L.C.		25,895		688,798		0.2%
Xstrata P.L.C.		77,287		1,497,311		0.4%
Other Securities				41,309,890		11.4%
TOTAL UNITED KINGDOM				65,070,405		17.9%
TOTAL COMMON STOCKS				360,266,418		99.2%
PREFERRED STOCKS — (0.0%)
AUSTRALIA — (0.0%)
Other Securities				56,296		0.0%
GERMANY — (0.0%)
Other Securities				37,465		0.0%
TOTAL PREFERRED STOCKS				93,761		0.0%
RIGHTS/WARRANTS — (0.0%)
AUSTRIA — (0.0%)
Other Securities				37		0.0%
BELGIUM — (0.0%)
Other Securities				96		0.0%
FRANCE — (0.0%)
Other Securities				2,560		0.0%
HONG KONG — (0.0%)
Other Securities				385		0.0%
UNITED KINGDOM — (0.0%)
Other Securities				97,627		0.0%
TOTAL RIGHTS/WARRANTS				100,705		0.0%
	Face   Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.4%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $3,315,000 FNMA 5.50%, 12/01/38,valued at $1,706,018) to be repurchased at $1,680,027		$1,680		1,680,000		0.5%
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (11.2%)
§@DFA Short Term Investment Fund		43,488,771		43,488,771		12.0%

84

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED

	Shares/ Face   Amount		Value†		Percentage     of Net Assets**
	(000)
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $1,977,158)## to be repurchased at $1,938,426	$	1,938	$	1,938,390		0.5%
TOTAL SECURITIES LENDING COLLATERAL				45,427,161		12.5%
TOTAL INVESTMENTS — (100.0%) (Cost $324,244,978)			$	407,568,045		112.2%

85

INTERNATIONAL VECTOR EQUITY PORTFOLIO

CONTINUED

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	273,652	$	25,126,017		—	$	25,399,669
Austria		—		2,808,144		—		2,808,144
Belgium		239,564		4,914,898		—		5,154,462
Canada		39,966,028		—		—		39,966,028
Denmark		12,282		3,990,869		—		4,003,151
Finland		—		7,480,547		—		7,480,547
France		1,218,150		24,569,114		—		25,787,264
Germany		3,060,978		17,895,748		—		20,956,726
Greece		152,318		2,691,430		—		2,843,748
Hong Kong		1,420		10,743,819		—		10,745,239
Ireland		530,832		2,448,753		—		2,979,585
Israel		779,642		2,261,121		—		3,040,763
Italy		605,447		9,833,667		—		10,439,114
Japan		2,598,099		67,464,159		—		70,062,258
Netherlands		2,363,999		7,229,772		—		9,593,771
New Zealand		—		1,110,892		—		1,110,892
Norway		45,968		4,914,027		—		4,959,995
Portugal		14,409		1,593,608		—		1,608,017
Singapore		1,168		6,460,696		—		6,461,864
Spain		1,393,120		6,155,415		—		7,548,535
Sweden		196,721		10,426,818		—		10,623,539
Switzerland		1,785,783		19,836,919		—		21,622,702
United Kingdom		9,794,457		55,275,948		—		65,070,405
Preferred Stocks
Australia		—		56,296		—		56,296
Germany		—		37,465		—		37,465
Rights/Warrants
Austria		—		37		—		37
Belgium		96		—		—		96
France		2,560		—		—		2,560
Hong Kong		385		—		—		385
United Kingdom		—		97,627		—		97,627
Temporary Cash Investments		—		1,680,000		—		1,680,000
Securities Lending Collateral		—		45,427,161		—		45,427,161
TOTAL	$	65,037,078	$	342,530,967		—	$	407,568,045

See accompanying Notes to Financial Statements.

86

EMERGING MARKETS PORTFOLIO

SCHEDULES OF INVESTMENTS

October 31, 2010

	Value†
AFFILIATED INVESTMENT COMPANY — (100.0%)
Investment in The Emerging Markets Series of The DFA Investment Trust Company	$	2,373,379,206
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $1,100,696,084)	$	2,373,379,206

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2	Level 3	Total
Affiliated Investment Company	$	2,373,379,206	—	—	$	2,373,379,206

EMERGING MARKETS SMALL CAP PORTFOLIO

	Value†
AFFILIATED INVESTMENT COMPANY — (100.0%)
Investment in The Emerging Markets Small Cap Series of The DFA Investment Trust Company	$	1,833,749,476
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $1,180,635,586)	$	1,833,749,476

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2	Level 3	Total
Affiliated Investment Company	$	1,833,749,476	—	—	$	1,833,749,476

See accompanying Notes to Financial Statements.

87

EMERGING MARKETS VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2010

	Value†
AFFILIATED INVESTMENT COMPANY — (100.0%)
Investment in Dimensional Emerging Markets Value Fund	$	11,586,667,027
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $8,440,891,497)	$	11,586,667,027

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2	Level 3	Total
Affiliated Investment Company	$	11,586,667,027	—	—	$	11,586,667,027

See accompanying Notes to Financial Statements.

88

EMERGING MARKETS CORE EQUITY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage     of Net Assets**
COMMON STOCKS — (86.2%)
BRAZIL — (6.4%)
Banco Santander Brasil SA ADR		918,363		$13,224,427		0.3%
BM&F Bovespa SA		2,153,883		17,962,748		0.4%
#BRF - Brasil Foods SA ADR		665,421		9,735,109		0.2%
Petroleo Brasileiro SA ADR		1,167,237		39,826,126		1.0%
#Vale SA Sponsored ADR		819,190		26,328,767		0.6%
Other Securities				182,987,573		4.4%
TOTAL BRAZIL				290,064,750		6.9%
CHILE — (2.4%)
Centros Comerciales Sudamericanos SA		1,366,292		10,644,592		0.3%
Empresas CMPC SA		183,412		9,861,465		0.2%
Other Securities				86,503,695		2.1%
TOTAL CHILE				107,009,752		2.6%
CHINA — (12.1%)
Bank of China, Ltd.		37,195,418		22,388,909		0.5%
China Construction Bank Corp.		27,843,000		26,618,005		0.6%
#China Life Insurance Co., Ltd. ADR		198,056		13,026,143		0.3%
#China Mobile, Ltd. Sponsored ADR		745,451		38,293,818		0.9%
China Petroleum & Chemical Corp. ADR		102,615		9,780,236		0.2%
#CNOOC, Ltd. ADR		116,476		24,334,166		0.6%
Industrial & Commercial Bank of China, Ltd. Series H		33,449,200		27,023,394		0.7%
#PetroChina Co., Ltd. ADR		129,733		15,950,672		0.4%
Other Securities				370,240,242		8.9%
TOTAL CHINA				547,655,585		13.1%
COLOMBIA — (0.2%)
Other Securities				8,434,133		0.2%
CZECH REPUBLIC — (0.4%)
Other Securities				19,724,216		0.5%
EGYPT — (0.1%)
Other Securities				4,479,656		0.1%
HUNGARY — (0.7%)
#*OTP Bank P.L.C.		488,536		14,508,520		0.4%
Other Securities				17,612,863		0.4%
TOTAL HUNGARY				32,121,383		0.8%
INDIA — (11.0%)
HDFC Bank, Ltd.		216,913		11,147,177		0.3%
ICICI Bank, Ltd. Sponsored ADR		396,338		20,839,452		0.5%
Infosys Technologies, Ltd.		225,217		15,092,410		0.4%
Reliance Industries, Ltd.		1,381,092		34,093,896		0.8%
Other Securities				415,977,732		9.9%
TOTAL INDIA				497,150,667		11.9%
INDONESIA — (3.2%)
PT Astra International Tbk		2,085,000		13,349,452		0.3%
Other Securities				131,381,222		3.2%
TOTAL INDONESIA				144,730,674		3.5%
ISRAEL — (0.0%)
Other Securities				451,529		0.0%

89

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
MALAYSIA — (3.5%)
Other Securities			$	160,164,505		3.8%
MEXICO — (4.4%)
America Movil S.A.B. de C.V. Series L ADR		443,009		25,366,695		0.6%
*Cemex S.A.B. de C.V. Sponsored ADR		1,460,470		12,808,322		0.3%
Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR		269,936		14,822,186		0.3%
#Grupo Financiero Banorte S.A.B. de C.V.		2,596,307		11,108,106		0.3%
Grupo Mexico S.A.B. de C.V. Series B		5,000,219		16,473,025		0.4%
Other Securities				116,225,000		2.8%
TOTAL MEXICO				196,803,334		4.7%
PERU — (0.3%)
Other Securities				11,197,916		0.3%
PHILIPPINES — (0.9%)
Other Securities				42,776,109		1.0%
POLAND — (1.6%)
Other Securities				71,732,721		1.7%
RUSSIA — (3.4%)
Gazprom OAO Sponsored ADR		2,814,175		61,616,486		1.5%
Lukoil OAO Sponsored ADR		502,859		28,041,883		0.6%
Other Securities				62,371,774		1.5%
TOTAL RUSSIA				152,030,143		3.6%
SOUTH AFRICA — (7.9%)
ABSA Group, Ltd.		502,633		9,737,407		0.2%
Gold Fields, Ltd. Sponsored ADR		915,915		14,443,980		0.4%
Impala Platinum Holdings, Ltd.		418,209		11,806,933		0.3%
MTN Group, Ltd.		1,101,689		19,509,715		0.5%
Naspers, Ltd. Series N		378,717		19,718,764		0.5%
Sanlam, Ltd.		3,530,404		13,218,358		0.3%
#Sasol, Ltd. Sponsored ADR		502,813		22,752,288		0.5%
Standard Bank Group, Ltd.		1,234,704		18,160,831		0.4%
Other Securities				228,620,168		5.5%
TOTAL SOUTH AFRICA				357,968,444		8.6%
SOUTH KOREA — (12.0%)
Hyundai Motor Co., Ltd.		127,347		19,278,402		0.5%
#KB Financial Group, Inc. ADR		254,734		11,437,557		0.3%
POSCO ADR.		193,830		20,146,690		0.5%
Samsung Corp.		176,799		10,382,957		0.2%
Samsung Electronics Co., Ltd.		95,497		63,355,186		1.5%
Shinhan Financial Group Co., Ltd. ADR		135,631		10,548,023		0.2%
Other Securities				408,815,501		9.8%
TOTAL SOUTH KOREA				543,964,316		13.0%
TAIWAN — (11.2%)
Hon Hai Precision Industry Co., Ltd.		4,008,352		15,159,736		0.3%
Taiwan Semiconductor Manufacturing Co., Ltd.		10,155,652		20,893,350		0.5%
Other Securities				471,558,810		11.3%
TOTAL TAIWAN				507,611,896		12.1%
THAILAND — (2.3%)
PTT PCL (Foreign)		1,028,800		10,397,812		0.3%
Other Securities				93,386,196		2.2%
TOTAL THAILAND				103,784,008		2.5%

90

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
TURKEY — (2.2%)
Turkiye Garanti Bankasi A.S.		1,790,492		$10,808,272		0.2%
Other Securities				90,363,767		2.2%
TOTAL TURKEY				101,172,039		2.4%
TOTAL COMMON STOCKS				3,901,027,776		93.3%
PREFERRED STOCKS — (5.7%)
BRAZIL — (5.7%)
#Banco Bradesco SA Sponsored ADR		1,220,938		25,395,510		0.6%
Itau Unibanco Holding SA ADR		1,648,537		40,488,069		1.0%
#Petroleo Brasileiro SA ADR		1,463,774		45,655,111		1.1%
Vale SA Sponsored ADR		1,025,386		29,459,340		0.7%
Other Securities				115,944,555		2.8%
TOTAL BRAZIL				256,942,585		6.2%
CHILE — (0.0%)
Other Securities				540,597		0.0%
INDIA — (0.0%)
Other Securities				5,805		0.0%
TOTAL PREFERRED STOCKS				257,488,987		6.2%
RIGHTS/WARRANTS — (0.0%)
CHINA — (0.0%)
Other Securities				38,787		0.0%
INDIA — (0.0%)
Other Securities				42,214		0.0%
INDONESIA — (0.0%)
Other Securities				18,219		0.0%
MALAYSIA — (0.0%)
Other Securities				22,737		0.0%
POLAND — (0.0%)
Other Securities				517,999		0.0%
SOUTH KOREA — (0.0%)
Other Securities				58,005		0.0%
TAIWAN — (0.0%)
Other Securities				21,799		0.0%
THAILAND — (0.0%)
Other Securities				97,237		0.0%
TOTAL RIGHTS/WARRANTS				816,997		0.0%
	Face   Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.1%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $6,825,000 FHLMC 4.00%, 12/15/38, valued at $6,358,143) to be repurchased at $6,026,095		$6,026		6,026,000		0.1%

91

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED

	Shares/ Face   Amount	Value†		Percentage   of Net Assets**
	(000)
SECURITIES LENDING COLLATERAL — (8.0%)
§@DFA Short Term Investment Fund	362,593,120	$	362,593,120		8.7%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $680,387)## to be repurchased at $ 667,058	$667		667,046		0.0%
TOTAL SECURITIES LENDING COLLATERAL			363,260,166		8.7%
TOTAL INVESTMENTS — (100.0%) (Cost $3,290,561,843)		$	4,528,619,926		108.3%

92

EMERGING MARKETS CORE EQUITY PORTFOLIO

CONTINUED

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Brazil	$	290,064,750		—		—	$	290,064,750
Chile		107,009,752		—		—		107,009,752
China		137,356,364	$	410,299,221		—		547,655,585
Colombia		8,434,133		—		—		8,434,133
Czech Republic		—		19,724,216		—		19,724,216
Egypt		—		4,479,656		—		4,479,656
Hungary		558,547		31,562,836		—		32,121,383
India		27,343,056		469,807,611		—		497,150,667
Indonesia		6,783,178		137,947,496		—		144,730,674
Israel		—		451,529		—		451,529
Malaysia		56,173		160,108,332		—		160,164,505
Mexico		196,803,334		—		—		196,803,334
Peru		11,197,916		—		—		11,197,916
Philippines		2,379,579		40,396,530		—		42,776,109
Poland		256,913		71,475,808		—		71,732,721
Russia		581,620		151,448,523		—		152,030,143
South Africa		55,689,292		302,279,152		—		357,968,444
South Korea		56,220,619		487,743,697		—		543,964,316
Taiwan		17,073,872		490,538,024		—		507,611,896
Thailand		101,362,580		2,421,428		—		103,784,008
Turkey		756,431		100,415,608		—		101,172,039
Preferred Stocks
Brazil		256,942,585		—		—		256,942,585
Chile		540,597		—		—		540,597
India		—		5,805		—		5,805
Rights/Warrants
China		37,032		1,755		—		38,787
India		—		42,214		—		42,214
Indonesia		—		18,219		—		18,219
Malaysia		12,532		10,205		—		22,737
Poland		—		517,999		—		517,999
South Korea		—		58,005		—		58,005
Taiwan		—		21,799		—		21,799
Thailand		60,908		36,329		—		97,237
Temporary Cash Investments		—		6,026,000		—		6,026,000
Securities Lending Collateral		—		363,260,166		—		363,260,166
TOTAL	$	1,277,521,763	$	3,251,098,163		—	$	4,528,619,926

See accompanying Notes to Financial Statements.

93

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2010

(Amounts in thousands, except share and per share amounts)

	Enhanced U.S. Large Company Portfolio			U.S. Large Cap Value Portfolio			U.S. Targeted Value Portfolio		U.S. Small Cap Value Portfolio
ASSETS:
Investments in Affiliated Investment Companies at Value		—		$	6,922,105			—		—
Investments at Value (including $0, $0, $295,134 and $1,201,408 of securities on loan, respectively)	$	155,465			—		$	2,258,799	$	6,525,650
Temporary Cash Investments at Value & Cost		734			—			8,755		25,559
Collateral Received from Securities on Loan at Value & Cost		—			—			310,754		1,276,619
Receivables:
Investment Securities/Affiliated Investment Companies Sold		—			4,496			3,850		18,067
Dividends and Interest		1,752			—			474		1,245
Securities Lending Income		—			—			204		642
Fund Shares Sold		63			4,142			6,212		1,917
Futures Margin Variation		52			—			—		—
Unrealized Gain on Forward Currency Contracts		124			—			—		—
Prepaid Expenses and Other Assets		22			72			52		25
Total Assets		158,212			6,930,815			2,589,100		7,849,724
LIABILITIES:
Payables:
Upon Return of Securities Loaned		—			—			310,754		1,276,619
Investment Securities/Affiliated Investment Companies Purchased		—			—			5,168		11,245
Fund Shares Redeemed		146			8,638			1,105		3,486
Due to Advisor		26			853			653		2,711
Unrealized Loss on Forward Currency Contracts		297			—			—		—
Accrued Expenses and Other Liabilities		13			288			155		386
Total Liabilities		482			9,779			317,835		1,294,447
NET ASSETS	$	157,730		$	6,921,036		$	2,271,265	$	6,555,277
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Class R1 Shares — based on net assets of $0; $0; $41,316 and $0 and shares outstanding of 0; 0; 2,800,466 and 0, respectively (Note P)		N/A			N/A		$	14.75		N/A
NUMBER OF SHARES AUTHORIZED		100,000,000	*		100,000,000	*		100,000,000		N/A
Class R2 Shares — based on net assets of $0; $0; $5,967 and $0 and shares outstanding of 0; 0; 404,133 and 0, respectively (Note P)		N/A			N/A		$	14.76		N/A
NUMBER OF SHARES AUTHORIZED		100,000,000	*		100,000,000	*		100,000,000		N/A
Institutional Class Shares — based on net assets of $157,730; $6,921,036; $2,223,982 and $6,555,277 and shares outstanding of 20,953,464; 372,437,851; 150,641,311 and 291,485,206, respectively	$	7.53		$	18.58		$	14.76	$	22.49
NUMBER OF SHARES AUTHORIZED		300,000,000			2,000,000,000			700,000,000		1,700,000,000
Investments in Affiliated Investment Companies at Cost	$	—		$	5,483,229		$	—	$	—
Investments at Cost	$	153,449		$	—		$	2,059,173	$	6,375,292
NET ASSETS CONSIST OF:
Paid-In Capital	$	238,773		$	7,407,853		$	2,065,507	$	6,523,353
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)		228			17,386			2,297		3,668
Accumulated Net Realized Gain (Loss)		(93,562	)		(1,943,079	)		3,835		(122,102	)
Net Unrealized Foreign Exchange Gain (Loss)		(132	)		—			—		—
Net Unrealized Appreciation (Depreciation)		12,423			1,438,876			199,626		150,358
NET ASSETS	$	157,730		$	6,921,036		$	2,271,265	$	6,555,277

* Share class has not yet commenced operations. See Organization note in Notes to Financial Statements.

See accompanying Notes to Financial Statements.

94

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2010

(Amounts in thousands, except share and per share amounts)

	U.S. Core Equity 1 Portfolio			U.S. Core Equity 2 Portfolio			U.S. Vector Equity Portfolio			U.S. Small Cap Portfolio
ASSETS:
Investments at Value (including $288,084, $536,938, $180,481 and $805,181 of securities on loan, respectively)	$	2,889,843		$	4,977,754		$	1,553,623		$	3,375,294
Temporary Cash Investments at Value & Cost		12,291			22,248			5,593			22,578
Collateral Received from Securities on Loan at Value & Cost		298,961			558,222			188,137			846,208
Receivables:
Investment Securities Sold		265			639			264			6,460
Dividends and Interest		2,416			4,177			1,003			859
Securities Lending Income		135			302			128			662
Fund Shares Sold		2,213			2,367			931			3,489
Prepaid Expenses and Other Assets		65			49			27			38
Total Assets		3,206,189			5,565,758			1,749,706			4,255,588
LIABILITIES:
Payables:
Upon Return of Securities Loaned		298,961			558,222			188,137			846,208
Investment Securities Purchased		8,208			14,301			1,864			15,343
Fund Shares Redeemed		1,036			1,764			805			1,421
Due to Advisor		405			819			384			966
Accrued Expenses and Other Liabilities		170			285			93			193
Total Liabilities		308,780			575,391			191,283			864,131
NET ASSETS	$	2,897,409		$	4,990,367		$	1,558,423		$	3,391,457
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $2,897,409; $4,990,367; $1,558,423 and $3,391,457 and shares outstanding of 284,538,758; 496,287,178; 158,721,130 and 177,971,909, respectively	$	10.18		$	10.06		$	9.82		$	19.06
NUMBER OF SHARES AUTHORIZED		1,500,000,000			2,300,000,000			1,000,000,000			1,000,000,000
Investments at Cost	$	2,712,591		$	4,871,798		$	1,525,171		$	2,893,977
NET ASSETS CONSIST OF:
Paid-In Capital	$	2,795,667		$	4,959,513		$	1,610,975		$	3,138,857
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)		6,193			11,980			2,968			4,657
Accumulated Net Realized Gain (Loss)		(81,703	)		(87,082	)		(83,972	)		(233,374	)
Net Unrealized Appreciation (Depreciation)		177,252			105,956			28,452			481,317
NET ASSETS	$	2,897,409		$	4,990,367		$	1,558,423		$	3,391,457

See accompanying Notes to Financial Statements.

95

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2010

(Amounts in thousands, except share and per share amounts)

	U.S. Micro Cap Portfolio			DFA Real Estate Securities Portfolio			Large Cap International Portfolio			International Core Equity Portfolio
ASSETS:
Investments at Value (including $412,876, $654,562, $272,601 and $784,857 of securities on loan, respectively)	$	3,164,881		$	2,684,876		$	1,608,863		$	4,846,454
Temporary Cash Investments at Value & Cost		14,738			2,685			647			8,115
Collateral Received from Securities on Loan at Value & Cost		440,599			676,959			285,278			827,338
Foreign Currencies at Value		—			—			4,221			13,240
Cash		—			—			15			20
Receivables:
Investment Securities Sold		7,035			—			—			690
Dividends, Interest and Tax Reclaims		1,079			2,582			4,261			11,398
Securities Lending Income		571			96			98			477
Fund Shares Sold		5,090			1,843			1,010			2,702
Unrealized Gain on Foreign Currency Contracts		—			—			—			8
Prepaid Expenses and Other Assets		18			30			17			66
Total Assets		3,634,011			3,369,071			1,904,410			5,710,508
LIABILITIES:
Payables:
Upon Return of Securities Loaned		440,599			676,959			285,278			827,338
Investment Securities Purchased		11,393			—			717			11,867
Fund Shares Redeemed		2,228			1,740			1,254			2,442
Due to Advisor		1,308			669			335			1,410
Accrued Expenses and Other Liabilities		197			151			140			462
Total Liabilities		455,725			679,519			287,724			843,519
NET ASSETS	$	3,178,286		$	2,689,552		$	1,616,686		$	4,866,989
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $3,178,286; $2,689,552; $1,616,686 and $4,866,989 and shares outstanding of 259,346,866; 126,653,593; 83,236,180 and 451,523,175, respectively	$	12.25		$	21.24		$	19.42		$	10.78
NUMBER OF SHARES AUTHORIZED		1,500,000,000			700,000,000			500,000,000			2,000,000,000
Investments at Cost	$	2,860,548		$	2,240,122		$	1,383,551		$	4,787,845
Foreign Currencies at Cost	$	—		$	—		$	4,170		$	12,916
NET ASSETS CONSIST OF:
Paid-In Capital	$	3,144,547		$	2,477,550		$	1,574,776		$	4,871,191
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)		3,227			12,994			3,984			16,165
Accumulated Net Realized Gain (Loss)		(273,821	)		(245,746	)		(187,612	)		(79,675	)
Net Unrealized Foreign Exchange Gain (Loss)		—			—			175			375
Net Unrealized Appreciation (Depreciation)		304,333			444,754			225,363			58,933
NET ASSETS	$	3,178,286		$	2,689,552		$	1,616,686		$	4,866,989

See accompanying Notes to Financial Statements.

96

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2010

(Amounts in thousands, except share and per share amounts)

	International Small Company Portfolio			Japanese Small Company Portfolio			Asia Pacific Small Company Portfolio			United Kingdom Small Company Portfolio
ASSETS:
Investments in Affiliated Investment Companies at Value	$	5,511,191		$	114,984		$	131,557		$	33,758
Temporary Cash Investments at Value & Cost		17,342			—			—			—
Cash		16			—			—			—
Receivables:
Affiliated Investment Companies Sold		—			—			40			—
Fund Shares Sold		1,932			11			70			13
Prepaid Expenses and Other Assets		35			8			13			9
Total Assets		5,530,516			115,003			131,680			33,780
LIABILITIES:
Payables:
Affiliated Investment Companies Purchased		—			10			—			13
Fund Shares Redeemed		16,878			1			110			—
Due to Advisor		1,813			39			43			11
Accrued Expenses and Other Liabilities		231			20			16			5
Total Liabilities		18,922			70			169			29
NET ASSETS	$	5,511,594		$	114,933		$	131,511		$	33,751
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $5,511,594; $114,933; $131,511 and $33,751 and shares outstanding of 341,572,645; 8,132,907; 5,129,238 and 1,392,436, respectively	$	16.14		$	14.13		$	25.64		$	24.24
NUMBER OF SHARES AUTHORIZED		1,500,000,000			100,000,000			100,000,000			100,000,000
Investments in Affiliated Investment Companies at Cost	$	4,975,116		$	190,942		$	104,540		$	30,219
NET ASSETS CONSIST OF:
Paid-In Capital	$	5,026,522		$	279,223		$	137,845		$	33,057
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)		31,973			631			652			203
Accumulated Net Realized Gain (Loss)		(83,425	)		(89,010	)		(34,001	)		(3,052	)
Net Unrealized Foreign Exchange Gain (Loss)		449			47			(2	)		4
Net Unrealized Appreciation (Depreciation)		536,075			(75,958	)		27,017			3,539
NET ASSETS	$	5,511,594		$	114,933		$	131,511		$	33,751

See accompanying Notes to Financial Statements.

97

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2010

(Amounts in thousands, except share and per share amounts)

	Continental Small Company Portfolio			DFA International Real Estate Securities Portfolio			DFA Global Real Estate Securities Portfolio			DFA International Small Cap Value Portfolio
ASSETS:
Investments in Affiliated Investment Companies at Value	$	128,156			—		$	694,143			—
Investments at Value (including $0, $138,661, $0 and $508,683 of securities on loan, respectively)		—		$	952,214			—		$	7,628,122
Temporary Cash Investments at Value & Cost		—			1,525			1,431			11,103
Collateral Received from Securities on Loan at Value & Cost		—			146,089			—			549,034
Foreign Currencies at Value		—			3,788			—			16,792
Cash		—			15			—			16
Receivables:
Investment Securities/Affiliated Investment Companies Sold		—			—			—			17,087
Dividends, Interest and Tax Reclaims		—			3,388			—			19,111
Securities Lending Income		—			88			—			635
Fund Shares Sold		16			430			1,164			3,276
Unrealized Gain on Foreign Currency Contracts		—			5			—			42
Prepaid Expenses and Other Assets		9			26			15			56
Total Assets		128,181			1,107,568			696,753			8,245,274
LIABILITIES:
Payables:
Upon Return of Securities Loaned		—			146,089			—			549,034
Investment Securities/Affiliated Investment Companies Purchased		13			2,005			766			27,388
Fund Shares Redeemed		3			557			478			8,748
Due to Advisor		42			277			20			4,173
Accrued Expenses and Other Liabilities		17			86			28			613
Total Liabilities		75			149,014			1,292			589,956
NET ASSETS	$	128,106		$	958,554		$	695,461		$	7,655,318
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Cass Shares — based on net assets of $128,106; $958,554; $695,461 and $7,655,318 and shares outstanding of 7,564,918; 171,633,295; 83,958,133 and 473,841,038, respectively	$	16.93		$	5.58		$	8.28		$	16.16
NUMBER OF SHARES AUTHORIZED		100,000,000			700,000,000			500,000,000			2,300,000,000
Investments in Affiliated Investment Companies at Cost	$	110,311		$	—		$	527,735		$	—
Investments at Cost	$	—		$	1,021,442		$	—		$	7,877,385
Foreign Currencies at Cost	$	—		$	3,749		$	—		$	16,694
NET ASSETS CONSIST OF:
Paid-In Capital	$	139,133		$	1,133,390		$	547,469		$	7,728,221
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)		597			(2,542	)		5,011			37,940
Accumulated Net Realized Gain (Loss)		(29,516	)		(103,196	)		(23,427	)		137,636
Net Unrealized Foreign Exchange Gain (Loss)		47			91			—			686
Net Unrealized Appreciation (Depreciation)		17,845			(69,189	)		166,408			(249,165	)
NET ASSETS	$	128,106		$	958,554		$	695,461		$	7,655,318

See accompanying Notes to Financial Statements.

98

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2010

(Amounts in thousands, except share and per share amounts)

	International Vector Equity Portfolio		Emerging Markets Portfolio			Emerging Markets Small Cap Portfolio
ASSETS:
Investments in Affiliated Investment Companies at Value		—	$	2,373,379		$	1,833,749
Investments at Value (including $42,181, $0 and $0 of securities on loan, respectively)	$	360,461		—			—
Temporary Cash Investments at Value & Cost		1,680		—			—
Collateral Received from Securities on Loan at Value & Cost		45,427		—			—
Foreign Currencies at Value		944		—			—
Cash		15		—			—
Receivables:
Investment Securities/Affiliated Investment Companies Sold		12		24,164			—
Dividends, Interest and Tax Reclaims		853		—			—
Securities Lending Income		40		—			—
Fund Shares Sold		160		2,872			558
Unrealized Gain on Foreign Currency Contracts		2		—			—
Prepaid Expenses and Other Assets		14		14			29
Total Assets		409,608		2,400,429			1,834,336
LIABILITIES:
Payables:
Upon Return of Securities Loaned		45,427		—			—
Investment Securities/Affiliated Investment Companies Purchased		847		—			161
Fund Shares Redeemed		37		27,036			397
Due to Advisor		135		791			676
Accrued Expenses and Other Liabilities		39		104			64
Total Liabilities		46,485		27,931			1,298
NET ASSETS	$	363,123	$	2,372,498		$	1,833,038
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Institutional Class Shares — based on net assets of $363,123; $2,372,498 and $1,833,038 and shares outstanding of 35,328,976; 76,790,382 and 75,563,919, respectively	$	10.28	$	30.90		$	24.26
NUMBER OF SHARES AUTHORIZED		500,000,000		500,000,000			500,000,000
Investments in Affiliated Investment Companies at Cost	$	—	$	1,100,696		$	1,180,635
Investments at Cost	$	277,138	$	—		$	—
Foreign Currencies at Cost	$	936	$	—		$	—
NET ASSETS CONSIST OF:
Paid-In Capital	$	276,696	$	964,564		$	1,122,358
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)		1,086		3,270			3,213
Accumulated Net Realized Gain (Loss)		1,979		136,138			57,883
Deferred Thailand Capital Gains Tax		—		(4,215	)		(3,533	)
Net Unrealized Foreign Exchange Gain (Loss)		31		58			3
Net Unrealized Appreciation (Depreciation)		83,331		1,272,683			653,114
NET ASSETS	$	363,123	$	2,372,498		$	1,833,038

See accompanying Notes to Financial Statements.

99

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2010

(Amounts in thousands, except share and per share amounts)

	Emerging Markets Value Portfolio			Emerging Markets Core Equity Portfolio
ASSETS:
Investments in Affiliated Investment Companies at Value	$	11,586,667			—
Investments at Value (including $0 and $339,827 of securities on loan, respectively)		—		$	4,159,334
Temporary Cash Investments at Value & Cost		—			6,026
Collateral Received from Securities on Loan at Value & Cost		—			363,260
Foreign Currencies at Value		—			2,119
Cash		—			49
Receivables:
Investment Securities/Affiliated Investment Companies Sold		—			269
Dividends, Interest and Tax Reclaims		—			3,921
Securities Lending Income		—			423
Fund Shares Sold		16,023			25,659
Unrealized Gain on Foreign Currency Contracts		—			1
Prepaid Expenses and Other Assets		90			225
Total Assets		11,602,780			4,561,286
LIABILITIES:
Payables:
Upon Return of Securities Loaned		—			363,260
Investment Securities/Affiliated Investment Companies Purchased		13,173			5,425
Fund Shares Redeemed		2,850			4,185
Due to Advisor		3,793			1,886
Deferred Thailand Capital Gains Tax		—			5,966
Accrued Expenses and Other Liabilities		426			682
Total Liabilities		20,242			381,404
NET ASSETS	$	11,582,538		$	4,179,882
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Class R2 Shares — based on net assets of $39,668 and $0 and shares outstanding of 20,471,843 and 0, respectively	$	1.94			N/A
NUMBER OF SHARES AUTHORIZED		100,000,000			100,000,000	*
Institutional Class Shares — based on net assets of $11,542,870 and $4,179,882 and shares outstanding of 318,275,914 and 196,180,731, respectively	$	36.27		$	21.31
NUMBER OF SHARES AUTHORIZED		1,500,000,000			1,000,000,000
Investments in Affiliated Investment Companies at Cost	$	8,440,891		$	—
Investments at Cost	$	—		$	2,921,276
Foreign Currencies at Cost	$	—		$	2,071
NET ASSETS CONSIST OF:
Paid-In Capital	$	7,903,300		$	2,994,109
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)		12,814			8,563
Accumulated Net Realized Gain (Loss)		536,606			(54,988	)
Deferred Thailand Capital Gains Tax		(16,079	)		(5,965	)
Net Unrealized Foreign Exchange Gain (Loss)		121			57
Net Unrealized Appreciation (Depreciation)		3,145,776			1,238,106
NET ASSETS	$	11,582,538		$	4,179,882

  *     Share class has not yet commenced operations. See Organization note in Notes to Financial Statements.

See accompanying Notes to Financial Statements.

100

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2010

(Amounts in thousands)

	Enhanced U.S. Large Company Portfolio			U.S. Large Cap Value Portfolio*			U.S. Targeted Value Portfolio			U.S. Small  Cap Value Portfolio
Investment Income
Dividends	$	97		$	135,162		$	19,385		$	52,897
Interest		1,867			33			17			34
Income from Securities Lending		—			3,106			2,001			6,907
Expenses Allocated from Affiliated Investment Company		—			(7,489	)		—			—
Total Investment Income		1,964			130,812			21,403			59,838
Expenses
Investment Advisory Services Fees		79			—			1,995			12,631
Administrative Services Fees		238			9,730			4,988			18,946
Accounting & Transfer Agent Fees		39			102			242			721
S&P 500® Fees		8			—			—			—
Shareholder Servicing Fees —
Class R1 Shares		—			—			37			—
Class R2 Shares		—			—			11			—
Custodian Fees		15			—			56			115
Filing Fees		24			130			118			52
Shareholders’ Reports		3			167			96			98
Directors’/Trustees’ Fees & Expenses		1			61			19			60
Professional Fees		5			120			61			202
Other		5			57			37			128
Total Expenses		417			10,367			7,660			32,953
Net Investment Income (Loss)		1,547			120,445			13,743			26,885
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold		1,013			498,315			87,567			464,145
Futures		15,127			—			(256	)		—
Foreign Currency Transactions		(51	)		—			—			—
In-Kind Redemptions		—			—			—			56,505
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities		143			533,400			298,035			929,717
Futures		8,702			—			—			—
Translation of Foreign Currency Denominated Amounts		(171	)		—			—			—
Net Realized and Unrealized Gain (Loss)		24,763			1,031,715			385,346			1,450,367
Net Increase (Decrease) in Net Assets Resulting from Operations	$	26,310		$	1,152,160		$	399,089		$	1,477,252

* Investment Income and Realized and Unrealized Gain (Loss) were allocated from each Portfolio’s Master Fund (Affiliated Investment Companies).

See accompanying Notes to Financial Statements.

101

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2010

(Amounts in thousands)

	U.S. Core Equity  1 Portfolio		U.S. Core Equity  2 Portfolio		U.S. Vector Equity Portfolio		U.S. Small Cap Portfolio
Investment Income
Dividends	$	40,649	$	72,293	$	19,119	$	27,384
Interest		18		26		8		25
Income from Securities Lending		1,290		2,935		1,374		6,255
Total Investment Income		41,957		75,254		20,501		33,664
Expenses
Investment Advisory Services Fees		4,117		8,868		4,200		889
Administrative Services Fees		—		—		—		9,485
Accounting & Transfer Agent Fees		286		508		174		348
Custodian Fees		61		80		43		79
Filing Fees		139		198		66		62
Shareholders’ Reports		45		92		40		63
Directors’/Trustees’ Fees & Expenses		23		43		14		28
Professional Fees		89		140		44		109
Other		35		60		24		52
Total Expenses		4,795		9,989		4,605		11,115
Net Investment Income (Loss)		37,162		65,265		15,896		22,549
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold		848		9,966		11,302		186,403
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities		406,078		767,061		260,530		519,280
Net Realized and Unrealized Gain (Loss)		406,926		777,027		271,832		705,683
Net Increase (Decrease) in Net Assets Resulting from Operations	$	444,088	$	842,292	$	287,728	$	728,232

See accompanying Notes to Financial Statements.

102

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2010

(Amounts in thousands)

	U.S. Micro Cap Portfolio		DFA Real  Estate Securities Portfolio			Large Cap International Portfolio			International Core Equity Portfolio
Investment Income
Dividends (Net of Foreign Taxes Withheld of $0, $0, $3,664 and $9,018, respectively)	$	27,428	$	81,322		$	40,753		$	105,858
Interest		10		25			10			43
Income from Securities Lending		6,623		2,224			1,961			7,037
Total Investment Income		34,061		83,571			42,724			112,938
Expenses
Investment Advisory Services Fees		3,089		7,245			3,622			14,583
Administrative Services Fees		12,357		—			—			—
Accounting & Transfer Agent Fees		364		287			186			484
Custodian Fees		63		27			284			1,021
Filing Fees		41		72			49			192
Shareholders’ Reports		46		90			62			108
Directors’/Trustees’ Fees & Expenses		29		23			14			41
Professional Fees		101		77			68			173
Other		60		49			41			117
Total Expenses		16,150		7,870			4,326			16,719
Net Investment Income (Loss)		17,911		75,701			38,398			96,219
Realized and Unrealized Gain (Loss)
Capital Gain Distributions Received from Investment Securities		—		3,056			—			—
Net Realized Gain (Loss) on:
Investment Securities Sold		246,080		(57,195	)		(16,990	)		19,341
Foreign Currency Transactions		—		—			383			299
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		507,946		825,263			134,897			410,019
Translation of Foreign Currency Denominated Amounts		—		—			134			333
Net Realized and Unrealized Gain (Loss)		754,026		771,124			118,424			429,992
Net Increase (Decrease) in Net Assets Resulting from Operations	$	771,937	$	846,825		$	156,822		$	526,211

See accompanying Notes to Financial Statements.

103

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2010

(Amounts in thousands)

	International Small Company Portfolio*			Japanese Small Company Portfolio*			Asia Pacific Small Company Portfolio*			United Kingdom Small Company Portfolio*
Investment Income
Net Investment Income Received from Affiliated Investment Companies:
Dividends (Net of Foreign Taxes Withheld of $8,231, $161, $88 and $2, respectively)	$	106,298		$	2,145		$	3,863		$	861
Interest		29			1			1			—
Income from Securities Lending		10,238			238			301			6
Expenses Allocated from Affiliated Investment Company		(6,818	)		(159	)		(186	)		(37	)
Total Net Investment Income Received from Affiliated Investment Companies		109,747			2,225			3,979			830
Fund Investment Income
Interest		15			—			—			—
Total Fund Investment Income		15			—			—			—
Fund Expenses
Administrative Services Fees		18,673			455			441			116
Accounting & Transfer Agent Fees		77			15			15			14
Filing Fees		87			16			19			15
Shareholders’ Reports		120			2			3			—
Directors’/Trustees’ Fees & Expenses		44			1			1			—
Professional Fees		89			2			2			2
Other		42			4			5			3
Total Expenses		19,132			495			486			150
Fees Waived, Expenses Reimbursed, and/or Previously Waived Fees Recovered by Advisor (Note C)		—			—			25			(13	)
Net Expenses		19,132			495			511			137
Net Investment Income (Loss)		90,630			1,730			3,468			693
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold		157,743			(12,297	)		5,129			86
Foreign Currency Transactions		1,622			76			(4	)		3
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		551,254			10,741			19,235			6,121
Translation of Foreign Currency Denominated Amounts		210			31			(12	)		(1	)
Net Realized and Unrealized Gain (Loss)		710,829			(1,449	)		24,348			6,209
Net Increase (Decrease) in Net Assets Resulting from Operations	$	801,459		$	281		$	27,816		$	6,902

 *   Investment Income and Realized and Unrealized Gain (Loss) were allocated from each Portfolio’s Master Fund (Affiliated Investment Companies).

See accompanying Notes to Financial Statements.

104

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2010

(Amounts in thousands)

	Continental Small Company Portfolio*			DFA International Real Estate Securities Portfolio			DFA Global Real Estate Securities Portfolio			DFA International Small Cap Value Portfolio
Investment Income
Net Investment Income Received from Affiliated Investment Companies:
Dividends (Net of Foreign Taxes Withheld of $366, $0, $0 and $0, respectively)	$	2,317			—			—			—
Income Distributions Received from Affiliated Investment Company		—			—		$	31,329			—
Interest		1			—			—			—
Income from Securities Lending		337			—			—			—
Expenses Allocated from Affiliated Investment Company		(169	)		—			—			—
Total Net Investment Income Received from Affiliated Investment Companies		2,486			—			31,329			—
Fund Investment Income
Dividends (Net of Foreign Taxes Withheld of $0, $3,606, $0 and $12,529, respectively)		—		$	53,433			—		$	149,762
Interest		—			6			2			35
Income from Securities Lending		—			1,278			—			10,942
Total Fund Investment Income		—			54,717			2			160,739
Fund Expenses
Investment Advisory Services Fees		—			2,803			—			46,090
Administrative Services Fees		448			—			1,945			—
Accounting & Transfer Agent Fees		15			114			19			811
Custodian Fees		—			172			—			1,727
Filing Fees		18			49			34			108
Shareholders’ Reports		2			43			21			180
Directors’/Trustees’ Fees & Expenses		1			8			6			69
Professional Fees		2			47			15			303
Other		4			28			13			195
Total Expenses		490			3,264			2,053			49,483
Fees Waived, Expenses Reimbursed, and/or Previously Waived Fees Recovered by Advisor (Note C)		—			—			(1,786	)		—
Net Expenses		490			3,264			267			49,483
Net Investment Income (Loss)		1,996			51,453			31,064			111,256
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold		(5,002	)		(52,532	)		(16,221	)		198,099
Foreign Currency Transactions		51			253			—			2,837
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		19,653			149,959			134,183			395,701
Translation of Foreign Currency Denominated Amounts		1			(8	)		—			688
Net Realized and Unrealized Gain (Loss)		14,703			97,672			117,962			597,325
Net Increase (Decrease) in Net Assets Resulting from Operations	$	16,699		$	149,125		$	149,026		$	708,581

  *     Investment Income and Realized and Unrealized Gain (Loss) were allocated from each Portfolio’s Master Fund (Affiliated Investment Companies).

See accompanying Notes to Financial Statements.

105

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2010

(Amounts in thousands)

	International Vector Equity Portfolio		Emerging Markets Portfolio*			Emerging Markets Small Cap Portfolio*
Investment Income
Dividends (Net of Foreign Taxes Withheld of $594, $5,788 and $3,222, respectively)	$	6,936	$	47,729		$	31,732
Interest		3		8			9
Income from Securities Lending		526		1,913			2,482
Expenses Allocated from Affiliated Investment Companies.		—		(3,955	)		(4,366	)
Total Investment Income		7,465		45,695			29,857
Expenses
Investment Advisory Services Fees		1,369		—			—
Administrative Services Fees		—		8,397			6,212
Accounting & Transfer Agent Fees		58		43			32
Custodian Fees		136		—			—
Filing Fees		24		46			48
Shareholders’ Reports		10		82			35
Directors’/Trustees’ Fees & Expenses		3		20			13
Professional Fees		12		42			26
Other		12		20			12
Total Expenses		1,624		8,650			6,378
Fees Waived, Expenses Reimbursed, and/or Previously Waived Fees Recovered by Advisor (Note C)		28		—			—
Net Expenses		1,652		8,650			6,378
Net Investment Income (Loss)		5,813		37,045			23,479
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold		5,866		148,805			97,897
Foreign Currency Transactions		77		506			76	**
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		28,748		317,270			373,644
Translation of Foreign Currency Denominated Amounts		27		(6	)		(72	)
Change in Deferred Thailand Capital Gains Tax		—		(2,143	)		(2,963	)
Net Realized and Unrealized Gain (Loss)		34,718		464,432			468,582
Net Increase (Decrease) in Net Assets Resulting from Operations	$	40,531	$	501,477		$	492,061

 *   Investment Income and Realized and Unrealized Gain (Loss) were allocated from each Portfolio’s respective Master Fund (Affiliated Investment Companies).

**   Net of foreign capital gain taxes withheld of $179.

See accompanying Notes to Financial Statements.

106

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2010

(Amounts in thousands)

	Emerging Markets Value Portfolio*			Emerging Markets Core Equity Portfolio
Investment Income
Dividends (Net of Foreign Taxes Withheld of $20,141 and $8,240, respectively)	$	171,616		$	68,581
Interest		72			20
Income from Securities Lending		8,393			3,539
Expenses Allocated from Affiliated Investment Companies		(17,283	)		—
Total Investment Income		162,798			72,140
Expenses
Investment Advisory Services Fees		—			17,369
Administrative Services Fees		35,877			—
Accounting & Transfer Agent Fees		136			372
Shareholder Servicing Fees — Class R2 Shares		69			—
Custodian Fees		—			2,452
Filing Fees		237			122
Shareholders’ Reports		231			115
Directors’/Trustees’ Fees & Expenses		88			30
Professional Fees		159			161
Other		68			76
Total Expenses		36,865			20,697
Net Investment Income (Loss)		125,933			51,443
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold		577,480			35,721
Foreign Currency Transactions**		(3,090	)		(776	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		1,724,116			789,087
Translation of Foreign Currency Denominated Amounts		2			(19	)
Change in Deferred Thailand Capital Gains Tax		(9,879	)		(4,133	)
Net Realized and Unrealized Gain (Loss)		2,288,629			819,880
Net Increase (Decrease) in Net Assets Resulting from Operations	$	2,414,562		$	871,323

  *    Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

**     Net of foreign capital gain taxes withheld of $1,720 and $982, respectively.

See accompanying Notes to Financial Statements.

107

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	Enhanced U.S. Large Company Portfolio						U.S. Large Cap Value Portfolio						U.S. Targeted Value Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	1,547		$	1,409		$	120,445		$	113,440		$	13,743		$	13,400
Net Realized Gain (Loss) on:
Investment Securities Sold		1,013			(24,217	)		498,315			(2,244,299	)		87,567			(80,571	)
Futures		15,127			25,750			—			—			(256	)		(823	)
Foreign Currency Transactions		(51	)		(1,379	)		—			—			—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities		143			2,720			533,400			2,728,048			298,035			244,441
Futures		8,702			1,705			—			—			—			(3	)
Translation of Foreign Currency Denominated Amounts		(171	)		39			—			—			—			—
Net Increase (Decrease) in Net Assets Resulting from Operations		26,310			6,027			1,152,160			597,189			399,089			176,444
Distributions From:
Net Investment Income:
Class R1 Shares		—			—			—			—			(312	)		(424	)
Class R2 Shares		—			—			—			—			(29	)		(27	)
Institutional Class Shares		(1,589	)		(17,802	)		(116,599	)		(123,996	)		(12,213	)		(13,728	)
Net Short-Term Gains:
Institutional Class Shares		—			(1,762	)		—			(6,242	)		—			—
Total Distributions		(1,589	)		(19,564	)		(116,599	)		(130,238	)		(12,554	)		(14,179	)
Capital Share Transactions (1):
Shares Issued		15,684			58,709	*		1,304,022			1,807,041			911,104			850,582
Shares Issued in Lieu of Cash Distributions		1,525			18,404			108,979			117,409			11,528			13,641
Shares Redeemed		(49,431	)		(98,676	)		(1,391,178	)		(1,858,197	)		(521,662	)		(425,490	)
Net Increase (Decrease) from Capital Share Transactions		(32,222	)		(21,563	)		21,823			66,253			400,970			438,733
Total Increase (Decrease) in Net Assets		(7,501	)		(35,100	)		1,057,384			533,204			787,505			600,998
Net Assets
Beginning of Period		165,231			200,331			5,863,652			5,330,448			1,483,760			882,762
End of Period	$	157,730		$	165,231		$	6,921,036		$	5,863,652		$	2,271,265		$	1,483,760
(1) Shares Issued and Redeemed:
Shares Issued		2,221			9,053			74,182			140,615			65,207			88,462
Shares Issued in Lieu of Cash Distributions		224			3,392			6,369			10,018			900			1,442
Shares Redeemed		(6,983	)		(17,904	)		(79,010	)		(145,245	)		(38,952	)		(44,353	)
Shares Reduced by Reverse Stock Split (Note P)		—			—			—			—			(1,473	)		—
Net Increase (Decrease) from Shares Issued and Redeemed		(4,538	)		(5,459	)		1,541			5,388			25,682			45,551
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)	$	228		$	285		$	17,386		$	13,540		$	2,297		$	1,308

  *    Includes $7,414 in capital contributions related to the liquidation of The Enhanced U.S. Large Company Series. See Organization note within the Notes to Financial Statements.

See accompanying Notes to Financial Statements.

108

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	U.S. Small Cap Value Portfolio						U.S. Core Equity 1 Portfolio						U.S. Core Equity 2 Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	26,885		$	16,559		$	37,162		$	31,729		$	65,265		$	55,180
Net Realized Gain (Loss) on:
Investment Securities Sold/Affiliated Investment Company Shares Sold		464,145			(373,304	)		848			(60,672	)		9,966			(38,804	)
Futures		—			570			—			683			—			3,212
In-Kind Redemptions		56,505	*		—			—			—			—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities/Affiliated Investment Company Shares		929,717			602,920			406,078			253,827			767,061			375,912
Futures		—			—			—			(2	)		—			(1	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,477,252			246,745			444,088			225,565			842,292			395,499
Distributions From:
Net Investment Income:
Institutional Class Shares		(25,747	)		(69,882	)		(31,326	)		(31,598	)		(53,941	)		(55,009	)
Total Distributions		(25,747	)		(69,882	)		(31,326	)		(31,598	)		(53,941	)		(55,009	)
Capital Share Transactions (1):
Shares Issued		1,005,684			1,293,768	**		935,366			1,158,480			1,032,528			1,847,067
Shares Issued in Lieu of Cash Distributions		24,638			67,125			28,011			30,660			52,914			54,122
Shares Redeemed		(1,596,209	)*		(1,372,042	)		(468,313	)		(714,086	)		(687,751	)		(938,382	)
Net Increase (Decrease) from Capital Share Transactions		(565,887	)		(11,149	)		495,064			475,054			397,691			962,807
Total Increase (Decrease) in Net Assets		885,618			165,714			907,826			669,021			1,186,042			1,303,297
Net Assets
Beginning of Period		5,669,659			5,503,945			1,989,583			1,320,562			3,804,325			2,501,028
End of Period	$	6,555,277		$	5,669,659		$	2,897,409		$	1,989,583		$	4,990,367		$	3,804,325
(1) Shares Issued and Redeemed:
Shares Issued		48,187			72,979			97,948			160,998			110,280			258,455
Shares Issued in Lieu of Cash Distributions		1,272			4,580			3,032			4,155			5,795			7,485
Shares Redeemed		(78,455	)		(94,264	)		(49,368	)		(101,230	)		(73,302	)		(135,979	)
Net Increase (Decrease) from Shares Issued and Redeemed		(28,996	)		(16,705	)		51,612			63,923			42,773			129,961
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)	$	3,668		$	2,918		$	6,193		$	373		$	11,980		$	698

  *    See Note M in the Notes to Financial Statements.

**    Includes $28,400 in capital contributions related to the liquidation of The U.S. Small Cap Value Series. See Organization note within the Notes to Financial Statements.

See accompanying Notes to Financial Statements.

109

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	U.S. Vector Equity Portfolio						U.S. Small Cap Portfolio						U.S. Micro Cap Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	15,896		$	14,733		$	22,549		$	10,818		$	17,911		$	10,509
Net Realized Gain (Loss) on:
Investment Securities Sold/Affiliated Investment Company Shares Sold		11,302			(80,019	)		186,403			(68,079	)		246,080			(190,350	)
Futures		—			407			—			—			—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities/Affiliated Investment Company Shares		260,530			173,818			519,280			284,014			507,946			168,490
Net Increase (Decrease) in Net Assets Resulting from Operations		287,728			108,939			728,232			226,753			771,937			(11,351	)
Distributions From:
Net Investment Income:
Institutional Class Shares		(14,799	)		(16,454	)		(21,528	)		(26,412	)		(17,526	)		(57,816	)
Total Distributions		(14,799	)		(16,454	)		(21,528	)		(26,412	)		(17,526	)		(57,816	)
Capital Share Transactions (1):
Shares Issued		375,571			508,175			754,050			877,915	*		291,712			588,720	**
Shares Issued in Lieu of Cash Distributions		14,588			16,189			20,104			24,690			16,858			56,003
Shares Redeemed		(282,779	)		(289,358	)		(611,402	)		(647,794	)		(703,060	)		(681,416	)
Net Increase (Decrease) from Capital Share Transactions		107,380			235,006			162,752			254,811			(394,490	)		(36,693	)
Total Increase (Decrease) in Net Assets		380,309			327,491			869,456			455,152			359,921			(105,860	)
Net Assets
Beginning of Period		1,178,114			850,623			2,522,001			2,066,849			2,818,365			2,924,225
End of Period	$	1,558,423		$	1,178,114		$	3,391,457		$	2,522,001		$	3,178,286		$	2,818,365
(1) Shares Issued and Redeemed:
Shares Issued		41,113			74,700			42,652			67,035			26,534			53,716
Shares Issued in Lieu of Cash Distributions		1,659			2,427			1,220			2,058			1,594			6,981
Shares Redeemed		(30,825	)		(44,108	)		(35,288	)		(54,475	)		(63,240	)		(84,421	)
Net Increase (Decrease) from Shares Issued and Redeemed		11,947			33,019			8,584			14,618			(35,112	)		(23,724	)
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)	$	2,968		$	1,895		$	4,657		$	3,780		$	3,227		$	3,100

  *    Includes $8,355 in capital contributions related to the liquidation of The U.S. Small Cap Series. See Organization note within the Notes to Financial Statements.

**    Includes $11,529 in capital contributions related to the liquidation of The U.S. Micro Cap Series. See Organization note within the Notes to Financial Statements.

See accompanying Notes to Financial Statements.

110

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	DFA Real Estate Securities Portfolio						Large Cap International Portfolio						International Core Equity Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	75,701		$	69,730		$	38,398		$	36,172		$	96,219		$	77,941
Capital Gain Distributions Received from Investment Securities		3,056			16,169			—			—			—			—
Net Realized Gain (Loss) on:
Investment Securities Sold		(57,195	)		(106,626	)		(16,990	)		(150,602	)		19,341			(83,575	)
Futures		—			(1,065	)		—			919			—			(2,556	)
Foreign Currency Transactions		—			—			383			951			299			1,319
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		825,263			92,786			134,897			374,243			410,019			928,934
Futures		—			(10	)		—			—			—			(15	)
Translation of Foreign Currency Denominated Amounts		—			—			134			(64	)		333			(108	)
Net Increase (Decrease) in Net Assets Resulting from Operations		846,825			70,984			156,822			261,619			526,211			921,940
Distributions From:
Net Investment Income:
Institutional Class Shares		(70,908	)		(95,934	)		(40,390	)		(32,286	)		(83,173	)		(77,469	)
Total Distributions		(70,908	)		(95,934	)		(40,390	)		(32,286	)		(83,173	)		(77,469	)
Capital Share Transactions (1):
Shares Issued		469,431			760,871			380,265			380,682			1,275,823			1,709,907
Shares Issued in Lieu of Cash Distributions		68,782			93,552			39,047			31,081			79,558			75,441
Shares Redeemed		(643,137	)		(557,875	)		(283,409	)		(483,605	)		(631,272	)		(911,026	)
Net Increase (Decrease) from Capital Share Transactions		(104,924	)		296,548			135,903			(71,842	)		724,109			874,322
Total Increase (Decrease) in Net Assets		670,993			271,598			252,335			157,491			1,167,147			1,718,793
Net Assets
Beginning of Period		2,018,559			1,746,961			1,364,351			1,206,860			3,699,842			1,981,049
End of Period	$	2,689,552		$	2,018,559		$	1,616,686		$	1,364,351		$	4,866,989		$	3,699,842
(1) Shares Issued and Redeemed:
Shares Issued		25,336			61,585			20,917			26,226			128,031			227,407
Shares Issued in Lieu of Cash Distributions		3,862			7,388			2,285			2,085			8,624			9,039
Shares Redeemed		(34,560	)		(45,050	)		(15,664	)		(34,086	)		(63,215	)		(123,941	)
Net Increase (Decrease) from Shares Issued and Redeemed		(5,362	)		23,923			7,538			(5,775	)		73,440			112,505
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)	$	12,994		$	8,197		$	3,984		$	5,593		$	16,165		$	2,148

See accompanying Notes to Financial Statements.

111

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	International Small Company Portfolio						Japanese Small Company Portfolio						Asia Pacific Small Company Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	90,630		$	83,540		$	1,730		$	1,879		$	3,468		$	2,525
Net Realized Gain (Loss) on:
Investment Securities Sold		157,743			(110,040	)		(12,297	)		(14,110	)		5,129			(8,877	)
Futures		—			592			—			43			—			(89	)
Foreign Currency Transactions		1,622			1,180			76			250			(4	)		23
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		551,254			1,280,471			10,741			37,328			19,235			52,469
Futures		—			1			—			—			—			—
Translation of Foreign Currency Denominated Amounts		210			(297	)		31			(61	)		(12	)		29
Net Increase (Decrease) in Net Assets Resulting from Operations		801,459			1,255,447			281			25,329			27,816			46,080
Distributions From:
Net Investment Income:
Institutional Class Shares		(84,604	)		(81,118	)		(1,845	)		(2,426	)		(3,162	)		(2,724	)
Total Distributions		(84,604	)		(81,118	)		(1,845	)		(2,426	)		(3,162	)		(2,724	)
Capital Share Transactions (1):
Shares Issued		1,099,327			890,444			11,290			18,298			28,331			18,265
Shares Issued in Lieu of Cash Distributions		80,737			77,147			1,609			2,219			2,788			2,398
Shares Redeemed		(655,189	)		(956,429	)		(10,460	)		(62,735	)		(26,115	)		(26,210	)
Net Increase (Decrease) from Capital Share Transactions		524,875			11,162			2,439			(42,218	)		5,004			(5,547	)
Total Increase (Decrease) in Net Assets		1,241,730			1,185,491			875			(19,315	)		29,658			37,809
Net Assets
Beginning of Period		4,269,864			3,084,373			114,058			133,373			101,853			64,044
End of Period	$	5,511,594		$	4,269,864		$	114,933		$	114,058		$	131,511		$	101,853
(1) Shares Issued and Redeemed:
Shares Issued		75,592			81,822			793			1,589			1,254			1,318
Shares Issued in Lieu of Cash Distributions		5,955			6,961			116			174			135			196
Shares Redeemed		(45,123	)		(89,990	)		(742	)		(4,937	)		(1,206	)		(2,055	)
Net Increase (Decrease) from Shares Issued and Redeemed		36,424			(1,207	)		167			(3,174	)		183			(541	)
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)	$	31,973		$	13,949		$	631		$	665		$	652		$	246

See accompanying Notes to Financial Statements.

112

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	United Kingdom Small Company Portfolio						Continental Small Company Portfolio						DFA International Real Estate Securities Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	693		$	861		$	1,996		$	2,168		$	51,453		$	32,101
Net Realized Gain (Loss) on:
Investment Securities Sold		86			(2,247	)		(5,002	)		(7,421	)		(52,532	)		(36,531	)
Futures		—			26			—			(137	)		—			234
Foreign Currency Transactions		3			(10	)		51			(49	)		253			185
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		6,121			9,569			19,653			37,449			149,959			170,229
Futures		—			—			—			(1	)		—			—
Translation of Foreign Currency Denominated Amounts		(1	)		(6	)		1			24			(8	)		209
Net Increase (Decrease) in Net Assets Resulting from Operations		6,902			8,193			16,699			32,033			149,125			166,427
Distributions From:
Net Investment Income:
Institutional Class Shares		(694	)		(658	)		(1,863	)		(2,087	)		(78,863	)		(11,227	)
Total Distributions		(694	)		(658	)		(1,863	)		(2,087	)		(78,863	)		(11,227	)
Capital Share Transactions (1):
Shares Issued		2,343			4,137			15,385			14,850			236,837			331,853
Shares Issued in Lieu of Cash Distributions		537			556			1,577			1,874			78,275			11,113
Shares Redeemed		(3,200	)		(10,248	)		(14,618	)		(29,732	)		(169,149	)		(150,317	)
Net Increase (Decrease) from Capital Share Transactions		(320	)		(5,555	)		2,344			(13,008	)		145,963			192,649
Total Increase (Decrease) in Net Assets		5,888			1,980			17,180			16,938			216,225			347,849
Net Assets
Beginning of Period		27,863			25,883			110,926			93,988			742,329			394,480
End of Period	$	33,751		$	27,863		$	128,106		$	110,926		$	958,554		$	742,329
(1) Shares Issued and Redeemed:
Shares Issued		115			288			1,040			1,344			48,350			82,981
Shares Issued in Lieu of Cash Distributions		27			36			118			148			16,761			3,104
Shares Redeemed		(155	)		(733	)		(978	)		(2,868	)		(35,159	)		(38,756	)
Net Increase (Decrease) from Shares Issued and Redeemed		(13	)		(409	)		180			(1,376	)		29,952			47,329
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)	$	203		$	171		$	597		$	(12	)	$	(2,542	)	$	24,078

See accompanying Notes to Financial Statements.

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DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	DFA Global Real Estate Securities Portfolio						DFA International Small Cap Value Portfolio						International Vector Equity Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	31,064		$	7,504		$	111,256		$	118,909		$	5,813		$	4,181
Net Realized Gain (Loss) on:
Investment Securities Sold		(16,221	)		(6,921	)		198,099			(20,925	)		5,866			(3,551	)
Futures		—			—			—			(9,031	)		—			(232	)
Foreign Currency Transactions		—			—			2,837			(2,189	)		77			(23	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		134,183			66,893			395,701			1,907,503			28,748			71,485
Futures		—			—			—			(28	)		—			(1	)
Translation of Foreign Currency Denominated Amounts		—			—			688			(469	)		27			(11	)
Net Increase (Decrease) in Net Assets Resulting from Operations		149,026			67,476			708,581			1,993,770			40,531			71,848
Distributions From:
Net Investment Income:
Institutional Class Shares		(30,870	)		(2,346	)		(101,689	)		(105,935	)		(5,380	)		(3,671	)
Net Short-Term Gains:
Institutional Class Shares		—			(24	)		—			—			—			—
Net Long-Term Gains:
Institutional Class Shares		—			—			—			(25,433	)		—			—
Total Distributions		(30,870	)		(2,370	)		(101,689	)		(131,368	)		(5,380	)		(3,671	)
Capital Share Transactions (1):
Shares Issued		291,090			345,457			1,457,097			1,516,998			109,333			203,871
Shares Issued in Lieu of Cash Distributions		30,424			2,351			94,455			123,396			5,137			3,533
Shares Redeemed		(176,711	)		(71,084	)		(1,363,083	)		(1,442,587	)		(49,042	)		(79,811	)
Net Increase (Decrease) from Capital Share Transactions		144,803			276,724			188,469			197,807			65,428			127,593
Total Increase (Decrease) in Net Assets		262,959			341,830			795,361			2,060,209			100,579			195,770
Net Assets
Beginning of Period		432,502			90,672			6,859,957			4,799,748			262,544			66,774
End of Period	$	695,461		$	432,502		$	7,655,318		$	6,859,957		$	363,123		$	262,544
(1) Shares Issued and Redeemed:
Shares Issued		40,187			62,358			96,841			132,410			11,526			30,203
Shares Issued in Lieu of Cash Distributions		4,617			445			6,841			10,640			590			455
Shares Redeemed		(24,880	)		(13,777	)		(89,769	)		(126,703	)		(5,261	)		(12,091	)
Net Increase (Decrease) from Shares Issued and Redeemed		19,924			49,026			13,913			16,347			6,855			18,567
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)	$	5,011		$	4,918		$	37,940		$	10,232		$	1,086		$	715

See accompanying Notes to Financial Statements.

114

DFA INVESTMENT DIMENSIONS GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	Emerging Markets Portfolio						Emerging Markets Small Cap Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	37,045		$	33,922		$	23,479		$	15,885
Net Realized Gain (Loss) on:
Investment Securities Sold		148,805			37,268			97,897			(15,114	)
Futures		—			(2,712	)		—			(630	)
Foreign Currency Transactions		506			(28	)		76	*		(178	)
In-Kind Redemptions		—			17,805			—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		317,270			592,684			373,644			522,143
Futures		—			(30	)		—			(9	)
Translation of Foreign Currency Denominated Amounts		(6	)		196			(72	)		168
Change in Deferred Thailand Capital Gains Tax		(2,143	)		(1,264	)		(2,963	)		(785	)
Net Increase (Decrease) in Net Assets Resulting from Operations		501,477			677,841			492,061			521,480
Distributions From:
Net Investment Income:
Institutional Class Shares		(34,414	)		(33,127	)		(22,294	)		(16,832	)
Net Short-Term Gains:
Institutional Class Shares		(2,485	)		—			—			—
Net Long-Term Gains:
Institutional Class Shares		(29,814	)		(20,948	)		—			—
Total Distributions		(66,713	)		(54,075	)		(22,294	)		(16,832	)
Capital Share Transactions (1):
Shares Issued		464,965			448,802			468,984			278,046
Shares Issued in Lieu of Cash Distributions		60,045			48,701			18,296			15,192
Shares Redeemed		(553,564	)		(663,241	)		(257,967	)		(211,257	)
Net Increase (Decrease) from Capital Share Transactions		(28,554	)		(165,738	)		229,313			81,981
Total Increase (Decrease) in Net Assets		406,210			458,028			699,080			586,629
Net Assets
Beginning of Period		1,966,288			1,508,260			1,133,958			547,329
End of Period	$	2,372,498		$	1,966,288		$	1,833,038		$	1,133,958
(1) Shares Issued and Redeemed:
Shares Issued		16,688			23,617			22,700			23,468
Shares Issued in Lieu of Cash Distributions		2,260			2,705			933			1,244
Shares Redeemed		(20,100	)		(36,851	)		(13,059	)		(18,390	)
Net Increase (Decrease) from Shares Issued and Redeemed		(1,152	)		(10,529	)		10,574			6,322
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)	$	3,270		$	3,281		$	3,213		$	2,323

  *     Net of foreign capital gain taxes withheld of $179.

See accompanying Notes to Financial Statements.

115

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STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	Emerging Markets Value Portfolio						Emerging Markets Core Equity Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	125,933		$	89,732		$	51,443		$	36,040
Net Realized Gain (Loss) on:
Investment Securities Sold		577,480			76,523			35,721			(25,567	)
Futures		—			—			—			(873	)
Foreign Currency Transactions		(3,090	)*		—			(776	)*		(297	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		1,724,116			2,867,814			789,087			981,322
Futures		—			—			—			(4	)
Translation of Foreign Currency Denominated Amounts		2			—			(19	)		33
Deferred Thailand Capital Gains Tax		(9,879	)		—			(4,133	)		(1,800	)
Net Increase (Decrease) in Net Assets Resulting from Operations		2,414,562			3,034,069			871,323			988,854
Distributions From:
Net Investment Income:
Class R2 Shares		(5,375	)		(427	)		—			—
Institutional Class Shares		(109,197	)		(77,134	)		(48,768	)		(29,028	)
Net Short-Term Gains:
Class R2 Shares		(513	)		(76	)		—			—
Institutional Class Shares		(65,356	)		(36,974	)		—			—
Net Long-Term Gains:
Class R2 Shares		(909	)		(1,070	)		—			—
Institutional Class Shares		(115,729	)		(517,440	)		—			—
Total Distributions		(297,079	)		(633,121	)		(48,768	)		(29,028	)
Capital Share Transactions (1):
Shares Issued		3,348,220			1,980,752			1,458,158			935,028
Shares Issued in Lieu of Cash Distributions		272,770			576,478			43,732			27,561
Shares Redeemed		(1,562,283	)		(1,289,209	)		(599,598	)		(622,906	)
Net Increase (Decrease) from Capital Share Transactions		2,058,707			1,268,021			902,292			339,683
Total Increase (Decrease) in Net Assets		4,176,190			3,668,969			1,724,847			1,299,509
Net Assets
Beginning of Period		7,406,348			3,737,379			2,455,035			1,155,526
End of Period	$	11,582,538		$	7,406,348		$	4,179,882		$	2,455,035
(1) Shares Issued and Redeemed:
Shares Issued		121,548			93,083			77,138			84,048
Shares Issued in Lieu of Cash Distributions		12,712			35,123			2,449			2,073
Shares Redeemed		(53,662	)		(63,359	)		(32,331	)		(54,153	)
Net Increase (Decrease) from Shares Issued and Redeemed		80,598			64,847			47,256			31,968
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)	$	12,814		$	12,574		$	8,563		$	6,664

  *     Net of foreign capital gain taxes withheld of $1,720 and $982, respectively.

See accompanying Notes to Financial Statements.

116

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FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Enhanced U.S. Large Company Portfolio																		U.S. Large Cap Value Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Net Asset Value, Beginning of Period	$	6.48		$	6.47		$	10.91		$	10.95		$	9.82		$	9.35		$	15.81		$	14.58		$	24.44		$	25.40		$	21.93		$	19.37
Income From Investment Operations
Net Investment Income (Loss)		0.07	(A)		0.05	(A)		0.39	(A)		0.30	(A)		0.12	(A)		0.29			0.33	(A)		0.31	(A)		0.36	(A)		0.33	(A)		0.38	(A)		0.30
Net Gains (Losses) on Securities (Realized and Unrealized)		1.05			0.61			(3.74	)		0.45			1.19			0.37			2.76			1.28			(8.83	)		(0.43	)		3.50			2.49
Total From Investment Operations		1.12			0.66			(3.35	)		0.75			1.31			0.66			3.09			1.59			(8.47	)		(0.10	)		3.88			2.79
Less Distributions
Net Investment Income		(0.07	)		(0.59	)		(0.36	)		(0.36	)		(0.18	)		(0.19	)		(0.32	)		(0.34	)		(0.35	)		(0.32	)		(0.35	)		(0.23	)
Net Realized Gains		—			(0.06	)		(0.73	)		(0.43	)		—			—			—			(0.02	)		(1.04	)		(0.54	)		(0.06	)		—
Total Distributions		(0.07	)		(0.65	)		(1.09	)		(0.79	)		(0.18	)		(0.19	)		(0.32	)		(0.36	)		(1.39	)		(0.86	)		(0.41	)		(0.23	)
Net Asset Value, End of Period	$	7.53		$	6.48		$	6.47		$	10.91		$	10.95		$	9.82		$	18.58		$	15.81		$	14.58		$	24.44		$	25.40		$	21.93
Total Return		17.40	%		12.23	%		(33.89	)%(C)		7.13	%		13.52	%		7.08	%		19.72	%		11.76	%		(36.63	)%(C)		(0.49	)%		17.97	%		14.49	%
Net Assets, End of Period (thousands)	$	157,730		$	165,231		$	200,331		$	337,050		$	347,216		$	313,543		$	6,921,036		$	5,863,652		$	5,330,448		$	7,535,552		$	6,410,086		$	4,046,083
Ratio of Expenses to Average Net Assets		0.26	%		0.29	%**		0.25	%(B)(D)		0.25	%(D)		0.26	%(D)		0.34	%(D)		0.28	%		0.30	%(D)		0.28	%(B)(D)		0.27	%(D)		0.28	%(D)		0.30	%(D)
Ratio of Net Investment Income to Average Net Assets		0.98	%		0.86	%		4.74	%(B)		2.67	%		1.19	%		3.11	%		1.86	%		2.26	%		1.86	%(B)		1.28	%		1.64	%		1.48	%
Portfolio Turnover Rate		78	%		46	%*		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A

*   For the period February 28, 2009 through October 31, 2009. Effective February 28, 2009, Enhanced U.S. Large Company Portfolio invests directly in securities rather than through the Series.

**   Represents the combined ratios for the respective portfolio and for the period November 1, 2008 through February 27, 2009, its respective pro-rata share of its Master Fund Series.

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

117

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. Targeted Value Portfolio- Class R1 Shares†									U.S. Targeted Value Portfolio- Class R2 Shares†									U.S. Targeted Value Portfolio- Institutional Class Shares
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Jan. 31, 2008(a) to Oct. 31, 2008			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period June 30, 2008(a) to Oct. 31, 2008			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Net Asset Value, Beginning of Period	$	11.73		$	10.92		$	14.69		$	11.74		$	10.91		$	13.94		$	11.70		$	10.84		$	15.89		$	18.69		$	17.33		$	17.09
Income From Investment Operations
Net Investment Income (Loss)		0.07	(A)		0.12	(A)		0.13	(A)		0.05	(A)		0.10	(A)		0.05	(A)		0.09	(A)		0.12	(A)		0.18	(A)		0.20	(A)		0.21	(A)		0.32
Net Gains (Losses) on Securities (Realized and Unrealized)		3.07			0.87			(3.76	)		3.07			0.88			(3.02	)		3.06			0.88			(4.68	)		(1.32	)		2.84			1.59
Total From Investment Operations		3.14			0.99			(3.63	)		3.12			0.98			(2.97	)		3.15			1.00			(4.50	)		(1.12	)		3.05			1.91
Less Distributions
Net Investment Income		(0.12	)		(0.18	)		(0.14	)		(0.10	)		(0.15	)		(0.06	)		(0.09	)		(0.14	)		(0.15	)		(0.20	)		(0.25	)		(0.23	)
Net Realized Gains		—			—			—			—			—			—			—			—			(0.40	)		(1.48	)		(1.44	)		(1.44	)
Total Distributions		(0.12	)		(0.18	)		(0.14	)		(0.10	)		(0.15	)		(0.06	)		(0.09	)		(0.14	)		(0.55	)		(1.68	)		(1.69	)		(1.67	)
Net Asset Value, End of Period	$	14.75		$	11.73		$	10.92		$	14.76		$	11.74		$	10.91		$	14.76		$	11.70		$	10.84		$	15.89		$	18.69		$	17.33
Total Return		26.93	%		9.36	%		(24.96	)%(C)		26.66	%		9.23	%		(21.40	)%(C)		27.02	%		9.47	%		(29.27	)%(C)		(6.59	)%		19.48	%		12.17	%
Net Assets, End of Period (thousands)	$	41,316		$	31,393		$	25,599		$	5,967		$	2,930		$	1,715		$	2,223,982		$	1,449,437		$	855,448		$	554,805		$	215,338		$	172,595
Ratio of Expenses to Average Net Assets		0.49	%		0.52	%		0.50	%(B)(E)		0.64	%		0.67	%		0.66	%(B)(E)		0.38	%		0.41	%		0.40	%(B)		0.41	%(D)**		0.46	%(D)		0.47	%(D)
Ratio of Net Investment Income to Average Net Assets		0.59	%		1.12	%		1.24	%(B)(E)		0.44	%		0.91	%		1.35	%(B)(E)		0.69	%		1.19	%		1.39	%(B)		1.12	%		1.19	%		1.91	%
Portfolio Turnover Rate		20	%		17	%		20	%(C)		20	%		17	%		20	%(C)		20	%		17	%		20	%(C)		9	%(C)*		N/A			N/A

*  For the period March 30, 2007 through November 30, 2007. Effective March 30, 2007, U.S. Targeted Value Portfolio invests directly in securities rather than through the Series.

**  Represents the combined ratios for the respective portfolio and for the period December 1, 2006 through March 29, 2007, its respective pro-rata share of its Master Fund Series.

†  All per share amounts and net assets values have been adjusted as a result of the reverse stock split on November 19, 2010. (Note P)

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

118

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. Small Cap Value Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Net Asset Value, Beginning of Period	$	17.69		$	16.32		$	26.49		$	31.59		$	28.74		$	27.71
Income From Investment Operations
Net Investment Income (Loss)		0.09	(A)		0.04	(A)		0.18	(A)		0.30	(A)		0.28	(A)		0.29
Net Gains (Losses) on Securities (Realized and Unrealized)		4.79			1.54			(7.86	)		(2.72	)		5.06			2.66
Total From Investment Operations		4.88			1.58			(7.68	)		(2.42	)		5.34			2.95
Less Distributions
Net Investment Income		(0.08	)		(0.21	)		(0.22	)		(0.28	)		(0.23	)		(0.26	)
Net Realized Gains		—			—			(2.27	)		(2.40	)		(2.26	)		(1.66	)
Total Distributions		(0.08	)		(0.21	)		(2.49	)		(2.68	)		(2.49	)		(1.92	)
Net Asset Value, End of Period	$	22.49		$	17.69		$	16.32		$	26.49		$	31.59		$	28.74
Total Return		27.69	%		9.97	%		(31.80	)%(C)		(8.41	)%		20.29	%		11.32	%
Net Assets, End of Period (thousands)	$	6,555,277		$	5,669,659		$	5,503,945		$	8,802,846		$	8,738,278		$	6,924,234
Ratio of Expenses to Average Net Assets		0.52	%		0.54	%**		0.52	%(B)(D)		0.52	%(D)		0.53	%(D)		0.55	%(D)
Ratio of Net Investment Income to Average Net Assets		0.43	%		0.27	%		0.86	%(B)		0.98	%		0.94	%		1.04	%
Portfolio Turnover Rate		19	%		21	%*		N/A			N/A			N/A			N/A

*   For the period February 28, 2009 through October 31, 2009. Effective February 28, 2009, U.S. Small Cap Value Portfolio invests directly in securities rather than through the Series.

**   Represents the combined ratios for the respective portfolio and for the period November 1, 2008 through February 27, 2009, its respective pro-rata share of its Master Fund Series.

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

119

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. Core Equity 1 Portfolio																		U.S. Core Equity 2 Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Period Sept. 15, 2005(a) to Nov. 30, 2005			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Period Sept. 15, 2005(a) to Nov. 30, 2005
Net Asset Value, Beginning of Period	$	8.54		$	7.81		$	11.83		$	11.50		$	10.22		$	10.00		$	8.39		$	7.73		$	11.77		$	11.65		$	10.24		$	10.00
Income From Investment Operations
Net Investment Income (Loss)		0.15	(A)		0.15	(A)		0.17	(A)		0.19	(A)		0.17	(A)		0.03			0.14	(A)		0.14	(A)		0.17	(A)		0.19	(A)		0.17	(A)		0.03
Net Gains (Losses) on Securities (Realized and Unrealized)		1.61			0.73			(4.03	)		0.35			1.28			0.19			1.64			0.66			(4.04	)		0.13			1.40			0.21
Total From Investment Operations		1.76			0.88			(3.86	)		0.54			1.45			0.22			1.78			0.80			(3.87	)		0.32			1.57			0.24
Less Distributions
Net Investment Income		(0.12	)		(0.15	)		(0.16	)		(0.18	)		(0.17	)		—			(0.11	)		(0.14	)		(0.17	)		(0.17	)		(0.16	)		—
Net Realized Gains		—			—			—			(0.03	)		—			—			—			—			—			(0.03	)		—			—
Total Distributions		(0.12	)		(0.15	)		(0.16	)		(0.21	)		(0.17	)		—			(0.11	)		(0.14	)		(0.17	)		(0.20	)		(0.16	)		—
Net Asset Value, End of Period	$	10.18		$	8.54		$	7.81		$	11.83		$	11.50		$	10.22		$	10.06		$	8.39		$	7.73		$	11.77		$	11.65		$	10.24
Total Return		20.80	%		11.64	%		(32.85	)%(C)		4.68	%		14.35	%		2.20	%(C)		21.41	%		10.66	%		(33.16	)%(C)		2.78	%		15.50	%		2.40	%(C)
Net Assets, End of Period (thousands)	$	2,897,409		$	1,989,583		$	1,320,562		$	1,210,031		$	652,270		$	123,591		$	4,990,367		$	3,804,325		$	2,501,028		$	2,939,420		$	1,216,310		$	182,078
Ratio of Expenses to Average Net Assets		0.20	%		0.22	%		0.20	%(B)		0.20	%		0.23	%		0.23	%(B)(E)		0.23	%		0.24	%		0.23	%(B)		0.23	%		0.26	%		0.26	%(B)(E)
Ratio of Expenses to Average Net Assets (Excluding Waivers and Assumption of Expenses and/or Recovery of Previously Waived Fees)		0.20	%		0.22	%		0.20	%(B)		0.20	%		0.23	%		0.37	%(B)(E)		0.23	%		0.24	%		0.23	%(B)		0.23	%		0.26	%		0.38	%(B)(E)
Ratio of Net Investment Income to Average Net Assets		1.53	%		2.02	%		1.78	%(B)		1.53	%		1.52	%		1.85	%(B)(E)		1.47	%		1.89	%		1.77	%(B)		1.55	%		1.55	%		1.92	%(B)(E)
Portfolio Turnover Rate		4	%		7	%		5	%(C)		10	%		6	%		0	%(C)		7	%		4	%		8	%(C)		7	%		5	%		0	%(C)

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

120

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. Vector Equity Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Period Dec. 30, 2005(a) to Nov. 30, 2006
Net Asset Value, Beginning of Period	$	8.03		$	7.48		$	11.38		$	11.79		$	10.00
Income From Investment Operations
Net Investment Income (Loss)(A)		0.10			0.11			0.15			0.16			0.13
Net Gains (Losses) on Securities (Realized and Unrealized)		1.79			0.57			(3.89	)		(0.25	)		1.73
Total From Investment Operations		1.89			0.68			(3.74	)		(0.09	)		1.86
Less Distributions
Net Investment Income		(0.10	)		(0.13	)		(0.16	)		(0.14	)		(0.07	)
Net Realized Gains		—			—			—			(0.18	)		—
Total Distributions		(0.10	)		(0.13	)		(0.16	)		(0.32	)		(0.07	)
Net Asset Value, End of Period	$	9.82		$	8.03		$	7.48		$	11.38		$	11.79
Total Return		23.65	%		9.47	%		(33.29	)%(C)		(0.87	)%		18.65	%(C)
Net Assets, End of Period (thousands)	$	1,558,423		$	1,178,114		$	850,623		$	959,742		$	403,312
Ratio of Expenses to Average Net Assets		0.33	%		0.35	%		0.34	%(B)		0.34	%		0.36	%(B)(E)
Ratio of Expenses to Average Net Assets (Excluding Waivers and Assumption of Expenses and/or Recovery of Previously Waived Fees)		0.33	%		0.35	%		0.34	%(B)		0.33	%		0.39	%(B)(E)
Ratio of Net Investment Income to Average Net Assets		1.13	%		1.60	%		1.66	%(B)		1.29	%		1.24	%(B)(E)
Portfolio Turnover Rate		11	%		11	%		11	%(C)		14	%		24	%(C)

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

121

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. Small Cap Portfolio																		U.S. Micro Cap Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Net Asset Value, Beginning of Period	$	14.89		$	13.35		$	20.64		$	22.46		$	20.75		$	19.13		$	9.57		$	9.19		$	14.80		$	16.83		$	15.91		$	15.06
Income From Investment Operations
Net Investment Income (Loss)		0.13	(A)		0.06	(A)		0.14	(A)		0.21	(A)		0.17	(A)		0.15			0.06	(A)		0.03	(A)		0.10	(A)		0.14	(A)		0.10	(A)		0.07
Net Gains (Losses) on Securities (Realized and Unrealized)		4.17			1.65			(6.08	)		(0.66	)		2.84			1.75			2.68			0.54			(4.32	)		(0.69	)		2.04			1.43
Total From Investment Operations		4.30			1.71			(5.94	)		(0.45	)		3.01			1.90			2.74			0.57			(4.22	)		(0.55	)		2.14			1.50
Less Distributions
Net Investment Income		(0.13	)		(0.17	)		(0.17	)		(0.21	)		(0.13	)		(0.13	)		(0.06	)		(0.19	)		(0.13	)		(0.13	)		(0.08	)		(0.06	)
Net Realized Gains		—			—			(1.18	)		(1.16	)		(1.17	)		(0.15	)		—			—			(1.26	)		(1.35	)		(1.14	)		(0.59	)
Total Distributions		(0.13	)		(0.17	)		(1.35	)		(1.37	)		(1.30	)		(0.28	)		(0.06	)		(0.19	)		(1.39	)		(1.48	)		(1.22	)		(0.65	)
Net Asset Value, End of Period	$	19.06		$	14.89		$	13.35		$	20.64		$	22.46		$	20.75		$	12.25		$	9.57		$	9.19		$	14.80		$	16.83		$	15.91
Total Return		28.99	%		13.08	%		(30.67	)%(C)		(2.17	)%		15.49	%		10.04	%		28.77	%		6.61	%		(31.33	)%(C)		(3.63	)%		14.52	%		10.33	%
Net Assets, End of Period (thousands)	$	3,391,457		$	2,522,001		$	2,066,849		$	3,285,093		$	3,297,199		$	2,641,670		$	3,178,286		$	2,818,365		$	2,924,225		$	4,700,371		$	4,824,003		$	3,949,511
Ratio of Expenses to Average Net Assets		0.37	%		0.40	%**		0.38	%(B)(D)		0.38	%(D)		0.38	%(D)		0.40	%(D)		0.52	%		0.54	%**		0.53	%(B)(D)		0.52	%(D)		0.53	%(D)		0.55	%(D)
Ratio of Net Investment Income to Average Net Assets		0.76	%		0.50	%		0.86	%(B)		0.95	%		0.82	%		0.78	%		0.58	%		0.38	%		0.91	%(B)		0.89	%		0.64	%		0.48	%
Portfolio Turnover Rate		19	%		17	%*		N/A			N/A			N/A			N/A			9	%		12	%*		N/A			N/A			N/A			N/A

*     For the period February 28, 2009 through October 31, 2009. Effective February 28, 2009, the Portfolios invest directly in securities rather than through the Series.

**     Represents the combined ratios for the respective portfolio and for the period November 1, 2008 through February 27, 2009, its respective pro-rata share of its Master Fund Series.

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

122

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	DFA Real Estate Securities Portfolio																		Large Cap International Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Net Asset Value, Beginning of Period	$	15.29		$	16.16		$	27.20		$	33.80		$	25.75		$	23.02		$	18.02		$	14.81		$	27.18		$	23.60		$	19.00		$	17.31
Income From Investment Operations
Net Investment Income (Loss)		0.58	(A)		0.58	(A)		0.64	(A)		0.62	(A)		0.64	(A)		0.82			0.48	(A)		0.48	(A)		0.68	(A)		0.68	(A)		0.55	(A)		0.44
Net Gains (Losses) on Securities (Realized and Unrealized)		5.92			(0.62	)		(9.28	)		(5.64	)		8.84			3.33			1.43			3.16			(12.06	)		3.57			4.68			1.72
Total From Investment Operations		6.50			(0.04	)		(8.64	)		(5.02	)		9.48			4.15			1.91			3.64			(11.38	)		4.25			5.23			2.16
Less Distributions
Net Investment Income		(0.55	)		(0.83	)		(0.30	)		(0.70	)		(1.02	)		(0.86	)		(0.51	)		(0.43	)		(0.64	)		(0.67	)		(0.63	)		(0.47	)
Net Realized Gains.		—			—			(2.10	)		(0.88	)		(0.41	)		(0.56	)		—			—			(0.35	)		—			—			—
Total Distributions		(0.55	)		(0.83	)		(2.40	)		(1.58	)		(1.43	)		(1.42	)		(0.51	)		(0.43	)		(0.99	)		(0.67	)		(0.63	)		(0.47	)
Net Asset Value, End of Period	$	21.24		$	15.29		$	16.16		$	27.20		$	33.80		$	25.75		$	19.42		$	18.02		$	14.81		$	27.18		$	23.60		$	19.00
Total Return		43.21	%		0.98	%		(34.46	)%(C)		(15.45	)%		38.23	%		18.81	%		10.99	%		25.20	%		(43.14	)%(C)		18.18	%		28.00	%		12.73	%
Net Assets, End of Period (thousands)	$	2,689,552		$	2,018,559		$	1,746,961		$	2,671,457		$	2,837,026		$	1,836,650		$	1,616,686		$	1,364,351		$	1,206,860		$	2,224,180		$	1,673,239		$	1,125,455
Ratio of Expenses to Average Net Assets		0.33	%		0.36	%		0.33	%(B)		0.33	%		0.33	%		0.37	%		0.30	%		0.32	%		0.29	%(B)		0.29	%		0.29	%		0.37	%
Ratio of Net Investment Income to Average Net Assets		3.13	%		4.54	%		3.01	%(B)		1.99	%		2.25	%		3.11	%		2.65	%		3.14	%		3.18	%(B)		2.62	%		2.56	%		2.41	%
Portfolio Turnover Rate		2	%		2	%		13	%(C)		17	%		10	%		3	%		7	%		12	%		12	%(C)		5	%		4	%		4	%

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

123

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	International Core Equity Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Period Sept. 15, 2005(a) to Nov. 30, 2005
Net Asset Value, Beginning of Period	$	9.79		$	7.46		$	14.35		$	12.82		$	10.07		$	10.00
Income From Investment Operations
Net Investment Income (Loss)(A)		0.23			0.23			0.37			0.35			0.28			0.04
Net Gains (Losses) on Securities (Realized and Unrealized)		0.96			2.32			(6.76	)		1.54			2.71			0.03
Total From Investment Operations		1.19			2.55			(6.39	)		1.89			2.99			0.07
Less Distributions
Net Investment Income		(0.20	)		(0.22	)		(0.35	)		(0.32	)		(0.24	)		—
Net Realized Gains		—			—			(0.15	)		(0.04	)		—			—
Total Distributions		(0.20	)		(0.22	)		(0.50	)		(0.36	)		(0.24	)		—
Net Asset Value, End of Period	$	10.78		$	9.79		$	7.46		$	14.35		$	12.82		$	10.07
Total Return		12.48	%		34.81	%		(45.76	)%(C)		14.83	%		30.06	%		0.70	%(C)
Net Assets, End of Period (thousands)	$	4,866,989		$	3,699,842		$	1,981,049		$	2,342,187		$	851,077		$	121,249
Ratio of Expenses to Average Net Assets		0.40	%		0.41	%		0.41	%(B)		0.41	%		0.48	%		0.49	%(B)(E)
Ratio of Expenses to Average Net Assets (Excluding Waivers and Assumption of Expenses and/or Recovery of Previously Waived Fees)		0.40	%		0.41	%		0.41	%(B)		0.41	%		0.46	%		0.90	%(B)(E)
Ratio of Net Investment Income to Average Net Assets		2.31	%		2.84	%		3.39	%(B)		2.49	%		2.35	%		1.89	%(B)(E)
Portfolio Turnover Rate		2	%		5	%		4	%(C)		4	%		2	%		0	%(C)

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

124

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	International Small Company Portfolio																		Japanese Small Company Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Net Asset Value, Beginning of Period	$	13.99		$	10.07		$	20.80		$	19.43		$	16.19		$	14.12		$	14.32		$	11.97		$	16.75		$	17.23		$	17.97		$	13.99
Income From Investment Operations
Net Investment Income (Loss)(A)		0.28			0.28			0.44			0.43			0.36			0.31			0.22			0.22			0.29			0.27			0.22			0.16
Net Gains (Losses) on Securities (Realized and Unrealized)		2.13			3.91			(9.55	)		2.07			4.02			2.38			(0.18	)		2.39			(4.78	)		(0.52	)		(0.73	)		4.00
Total From Investment Operations		2.41			4.19			(9.11	)		2.50			4.38			2.69			0.04			2.61			(4.49	)		(0.25	)		(0.51	)		4.16
Less Distributions
Net Investment Income		(0.26	)		(0.27	)		(0.45	)		(0.46	)		(0.36	)		(0.29	)		(0.23	)		(0.26	)		(0.29	)		(0.23	)		(0.23	)		(0.18	)
Net Realized Gains		—			—			(1.17	)		(0.67	)		(0.78	)		(0.33	)		—			—			—			—			—			—
Total Distributions		(0.26	)		(0.27	)		(1.62	)		(1.13	)		(1.14	)		(0.62	)		(0.23	)		(0.26	)		(0.29	)		(0.23	)		(0.23	)		(0.18	)
Net Asset Value, End of Period	$	16.14		$	13.99		$	10.07		$	20.80		$	19.43		$	16.19		$	14.13		$	14.32		$	11.97		$	16.75		$	17.23		$	17.97
Total Return		17.61	%		42.34	%		(47.13	)%(C)		13.29	%		28.51	%		19.74	%		0.33	%		22.08	%		(27.16	)%(C)		(1.51	)%		(2.94	)%		30.13	%
Net Assets, End of Period (thousands)	$	5,511,594		$	4,269,864		$	3,084,373		$	5,597,209		$	4,546,071		$	2,725,231		$	114,933		$	114,058		$	133,373		$	199,080		$	168,957		$	169,995
Ratio of Expenses to Average Net Assets (D)		0.56	%		0.57	%		0.55	%(B)		0.55	%		0.56	%		0.64	%		0.57	%		0.59	%		0.58	%(B)		0.56	%		0.61	%		0.68	%
Ratio of Expenses to Average Net Assets (Excluding Waivers and Assumption of Expenses and/or Recovery of Previously Waived Fees) (D)		0.56	%		0.57	%		0.55	%(B)		0.55	%		0.56	%		0.64	%		0.57	%		0.59	%		0.58	%(B)		0.56	%		0.58	%		0.68	%
Ratio of Net Investment Income to Average Net Assets		1.94	%		2.48	%		2.90	%(B)		2.03	%		2.04	%		2.05	%		1.52	%		1.68	%		2.18	%(B)		1.51	%		1.19	%		1.03	%

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

125

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Asia Pacific Small Company Portfolio																		United Kingdom Small Company Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Net Asset Value, Beginning of Period	$	20.59		$	11.67		$	28.73		$	20.26		$	15.28		$	14.54		$	19.83		$	14.27		$	31.29		$	32.97		$	24.65		$	23.47
Income From Investment Operations
Net Investment Income (Loss)		0.69	(A)		0.50	(A)		0.83	(A)		0.79	(A)		0.64	(A)		0.70			0.50	(A)		0.55	(A)		0.77	(A)		0.78	(A)		0.61	(A)		0.64	(A)
Net Gains (Losses) on Securities (Realized and Unrealized)		4.99			8.95			(17.04	)		8.43			4.92			0.54			4.41			5.44			(15.84	)		(0.08	)		9.61			2.15
Total From Investment Operations		5.68			9.45			(16.21	)		9.22			5.56			1.24			4.91			5.99			(15.07	)		0.70			10.22			2.79
Less Distributions
Net Investment Income		(0.63	)		(0.53	)		(0.85	)		(0.75	)		(0.58	)		(0.50	)		(0.50	)		(0.43	)		(0.72	)		(1.03	)		(0.68	)		(0.59	)
Net Realized Gains		—			—			—			—			—			—			—			—			(1.22	)		(1.35	)		(1.22	)		(1.02	)
Return of Capital		—			—			—			—			—			—			—			—			(0.01	)		—			—			—
Total Distributions		(0.63	)		(0.53	)		(0.85	)		(0.75	)		(0.58	)		(0.50	)		(0.50	)		(0.43	)		(1.95	)		(2.38	)		(1.90	)		(1.61	)
Net Asset Value, End of Period	$	25.64		$	20.59		$	11.67		$	28.73		$	20.26		$	15.28		$	24.24		$	19.83		$	14.27		$	31.29		$	32.97		$	24.65
Total Return		28.36	%		84.11	%		(57.94	)%(C)		46.55	%		37.52	%		8.81	%		25.37	%		42.81	%		(50.97	)%(C)		1.94	%		44.15	%		12.35	%
Net Assets, End of Period (thousands)	$	131,511		$	101,853		$	64,044		$	146,307		$	71,537		$	38,927		$	33,751		$	27,863		$	25,883		$	37,139		$	31,808		$	20,578
Ratio of Expenses to Average Net Assets(D)		0.63	%		0.65	%		0.62	%(B)		0.62	%		0.64	%		0.74	%		0.60	%		0.61	%		0.59	%(B)		0.59	%		0.60	%		0.70	%
Ratio of Expenses to Average Net Assets (Excluding Waivers and Assumption of Expenses and/or Recovery of Previously Waived Expenses)(D)		0.61	%		0.65	%		0.61	%(B)		0.59	%		0.64	%		0.86	%		0.64	%		0.70	%		0.65	%(B)		0.62	%		0.67	%		0.89	%
Ratio of Net Investment Income to Average Net Assets		3.14	%		3.53	%		3.85	%(B)		3.13	%		3.68	%		3.89	%		2.39	%		3.62	%		3.41	%(B)		2.28	%		2.20	%		2.70	%

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

126

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Continental Small Company Portfolio																		DFA International Real Estate Securities Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Period March 1, 2007(a) to Nov. 30, 2007
Net Asset Value, Beginning of Period	$	15.02		$	10.73		$	22.95		$	20.47		$	15.78		$	14.12		$	5.24		$	4.18		$	9.35		$	10.00
Income From Investment Operations
Net Investment Income (Loss)		0.27	(A)		0.28	(A)		0.52	(A)		0.40	(A)		0.31	(A)		0.21			0.31	(A)		0.26	(A)		0.34	(A)		0.23	(A)
Net Gains (Losses) on Securities (Realized and Unrealized)		1.89			4.29			(11.32	)		3.00			6.28			2.28			0.58			0.91			(5.08	)		(0.76	)
Total From Investment Operations		2.16			4.57			(10.80	)		3.40			6.59			2.49			0.89			1.17			(4.74	)		(0.53	)
Less Distributions
Net Investment Income		(0.25	)		(0.28	)		(0.45	)		(0.38	)		(0.34	)		(0.30	)		(0.55	)		(0.11	)		(0.43	)		(0.12	)
Net Realized Gains		—			—			(0.96	)		(0.54	)		(1.56	)		(0.53	)		—			—			—			—
Return of Capital		—			—			(0.01	)		—			—			—			—			—			—			—
Total Distributions		(0.25	)		(0.28	)		(1.42	)		(0.92	)		(1.90	)		(0.83	)		(0.55	)		(0.11	)		(0.43	)		(0.12	)
Net Asset Value, End of Period	$	16.93		$	15.02		$	10.73		$	22.95		$	20.47		$	15.78		$	5.58		$	5.24		$	4.18		$	9.35
Total Return		14.85	%		43.12	%		(49.89	)%(C)		16.99	%		46.33	%		18.42	%		18.96	%		29.25	%		(52.85	)%(C)		(5.38	)%(C)
Net Assets, End of Period (thousands)	$	128,106		$	110,926		$	93,988		$	170,909		$	90,261		$	52,061		$	958,554		$	742,329		$	394,480		$	336,840
Ratio of Expenses to Average Net Assets		0.59	%(D)		0.62	%(D)		0.59	%(B)(D)		0.61	%(D)		0.62	%(D)		0.71	%(D)		0.41	%		0.43	%		0.44	%(B)		0.48	%(B)(E)
Ratio of Expenses to Average Net Assets (Excluding Waivers and Assumption of Expenses and/or Recovery of Previously Waived Fees)		0.59	%(D)		0.61	%(D)		0.59	%(B)(D)		0.57	%(D)		0.61	%(D)		0.78	%(D)		0.41	%		0.43	%		0.44	%(B)		0.48	%(B)(E)
Ratio of Net Investment Income (Loss) to Average Net Assets		1.78	%(D)		2.39	%		3.04	%(B)		1.70	%		1.78	%		1.77	%		6.42	%		6.40	%		5.20	%(B)		3.50	%(B)(E)
Portfolio Turnover Rate		N/A			N/A			N/A			N/A			N/A			N/A			6	%		5	%		1	%(C)		2	%(C)

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

127

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	DFA Global Real Estate Securities Portfolio									DFA International Small Cap Value Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period June 4, 2008(a) to Oct. 31, 2008			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Net Asset Value, Beginning of Period	$	6.75		$	6.04		$	10.00		$	14.92		$	10.82		$	22.05		$	21.71		$	17.57		$	15.16
Income From Investment Operations
Net Investment Income (Loss)(A)		0.40			0.19			—			0.24			0.26			0.52			0.46			0.36			0.40
Net Gains (Losses) on Securities (Realized and Unrealized)		1.60			0.62			(3.96	)		1.22			4.14			(9.60	)		1.66			4.95			2.77
Total From Investment Operations		2.00			0.81			(3.96	)		1.46			4.40			(9.08	)		2.12			5.31			3.17
Less Distributions
Net Investment Income		(0.47	)		(0.10	)		—			(0.22	)		(0.24	)		(0.58	)		(0.53	)		(0.38	)		(0.36	)
Net Realized Gains		—			—			—			—			(0.06	)		(1.57	)		(1.25	)		(0.79	)		(0.40	)
Total Distributions		(0.47	)		(0.10	)		—			(0.22	)		(0.30	)		(2.15	)		(1.78	)		(1.17	)		(0.76	)
Net Asset Value, End of Period	$	8.28		$	6.75		$	6.04		$	16.16		$	14.92		$	10.82		$	22.05		$	21.71		$	17.57
Total Return		31.38	%		13.81	%		(39.60	)%(C)		10.01	%		41.42	%		(45.17	)%(C)		10.25	%		31.73	%		21.75	%
Net Assets, End of Period (thousands)	$	695,461		$	432,502		$	90,672		$	7,655,318		$	6,859,957		$	4,799,748		$	8,180,859		$	6,733,067		$	4,128,428
Ratio of Expenses to Average Net Assets		0.41	%(D)		0.47	%(D)		0.54	%(B)(D)(E)		0.70	%		0.71	%		0.69	%(B)		0.69	%		0.70	%		0.75	%
Ratio of Expenses to Average Net Assets (Excluding Waivers and Assumption of Expenses and/or Recovery of Previously Waived Fees)		0.73	%(D)		0.79	%(D)		0.86	%(B)(D)(E)		0.70	%		0.71	%		0.69	%(B)		0.69	%		0.70	%		0.75	%
Ratio of Net Investment Income to Average Net Assets		5.59	%		3.40	%		(0.04	)%(B)(E)		1.57	%		2.19	%		3.22	%(B)		2.03	%		1.85	%		2.44	%
Portfolio Turnover Rate		N/A			N/A			N/A			18	%		22	%		16	%(C)		18	%		14	%		13	%

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

128

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	International Vector Equity Portfolio									Emerging Markets Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period August 14, 2008(a) to Oct. 31, 2008			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Net Asset Value, Beginning of Period	$	9.22		$	6.74		$	10.00		$	25.23		$	17.05		$	35.23		$	25.40		$	19.89		$	15.61
Income From Investment Operations
Net Investment Income (Loss) (A)		0.18			0.17			0.06			0.48			0.42			0.70			0.64			0.48			0.58
Net Gains (Losses) on Securities (Realized and Unrealized)		1.05			2.46			(3.32	)		6.07			8.42			(16.85	)		9.88			5.61			4.13
Total From Investment Operations		1.23			2.63			(3.26	)		6.55			8.84			(16.15	)		10.52			6.09			4.71
Less Distributions
Net Investment Income		(0.17	)		(0.15	)		—			(0.46	)		(0.41	)		(0.69	)		(0.53	)		(0.58	)		(0.43	)
Net Realized Gains		—			—			—			(0.42	)		(0.25	)		(1.34	)		(0.16	)		—			—
Total Distributions		(0.17	)		(0.15	)		—			(0.88	)		(0.66	)		(2.03	)		(0.69	)		(0.58	)		(0.43	)
Net Asset Value, End of Period	$	10.28		$	9.22		$	6.74		$	30.90		$	25.23		$	17.05		$	35.23		$	25.40		$	19.89
Total Return		13.62	%		39.52	%		(32.60	)%(C)		26.53	%		53.39	%		(48.37	)%(C)		42.08	%		31.31	%		30.65	%
Net Assets, End of Period (thousands)	$	363,123		$	262,544		$	66,774		$	2,372,498		$	1,966,288		$	1,508,260		$	3,388,442		$	2,344,990		$	1,805,186
Ratio of Expenses to Average Net Assets		0.54	%		0.60	%		0.60	%(B)(E)		0.60	%(D)		0.62	%(D)		0.60	%(B)(D)		0.60	%(D)		0.61	%(D)		0.69	%(D)
Ratio of Expenses to Average Net Assets (Excluding Waivers and Assumption of Expenses and/or Recovery of Previously Waived Fees)		0.53	%		0.59	%		1.15	%(B)(E)		0.60	%(D)		0.62	%(D)		0.60	%(B)(D)		0.60	%(D)		0.61	%(D)		0.69	%(D)
Ratio of Net Investment Income to Average Net Assets		1.91	%		2.31	%		3.01	%(B)(E)		1.76	%		2.15	%		2.59	%(B)		2.12	%		2.13	%		3.28	%
Portfolio Turnover Rate		5	%		8	%		0	%(C)		N/A			N/A			N/A			N/A			N/A			N/A

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

129

DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Emerging Markets Small Cap Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Net Asset Value, Beginning of Period	$	17.45		$	9.33		$	23.74		$	17.96		$	13.37		$	11.44
Income From Investment Operations
Net Investment Income (Loss)(A)		0.34			0.26			0.44			0.31			0.30			0.27
Net Gains (Losses) on Securities (Realized and Unrealized)		6.79			8.14			(12.95	)		6.86			4.86			2.37
Total From Investment Operations		7.13			8.40			(12.51	)		7.17			5.16			2.64
Less Distributions
Net Investment Income		(0.32	)		(0.28	)		(0.41	)		(0.26	)		(0.26	)		(0.22	)
Net Realized Gains		—			—			(1.49	)		(1.13	)		(0.31	)		(0.49	)
Total Distributions		(0.32	)		(0.28	)		(1.90	)		(1.39	)		(0.57	)		(0.71	)
Net Asset Value, End of Period	$	24.26		$	17.45		$	9.33		$	23.74		$	17.96		$	13.37
Total Return		41.33	%		91.35	%		(57.00	)%(C)		42.58	%		39.95	%		24.27	%
Net Assets, End of Period (thousands)	$	1,833,038		$	1,133,958		$	547,329		$	1,458,152		$	838,948		$	482,378
Ratio of Expenses to Average Net Assets(D)		0.78	%		0.80	%		0.77	%(B)		0.78	%		0.81	%		0.97	%
Ratio of Net Investment Income to Average Net Assets		1.70	%		2.05	%		2.61	%(B)		1.48	%		1.92	%		2.21	%

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

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DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Emerging Markets Value Portfolio-Class R2 Shares									Emerging Markets Value Portfolio-Institutional Class Shares
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Jan. 29, 2008(a) to Oct. 31, 2008			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Net Asset Value, Beginning of Period	$	2.50		$	4.56		$	10.00		$	28.90		$	19.36		$	45.85		$	31.26		$	22.86		$	17.93
Income from Investment Operations
Net Investment Income (Loss)		0.03	(A)		0.03	(A)		0.21	(A)		0.45	(A)		0.38	(A)		0.98	(A)		0.78	(A)		0.60	(A)		0.50
Net Gains (Losses) on Securities (Realized and Unrealized)		0.49			1.14			(4.93	)		8.01			12.41			(25.48	)		14.82			8.65			4.96
Total from Investment Operations		0.52			1.17			(4.72	)		8.46			12.79			(24.50	)		15.60			9.25			5.46
Less Distributions
Net Investment Income		(0.38	)		(0.32	)		(0.72	)		(0.39	)		(0.34	)		(1.00	)		(0.63	)		(0.60	)		(0.44	)
Net Realized Gains		(0.70	)		(2.91	)		—			(0.70	)		(2.91	)		(0.99	)		(0.38	)		(0.25	)		(0.09	)
Total Distributions		(1.08	)		(3.23	)		(0.72	)		(1.09	)		(3.25	)		(1.99	)		(1.01	)		(0.85	)		(0.53	)
Net Asset Value, End of Period	$	1.94		$	2.50		$	4.56		$	36.27		$	28.90		$	19.36		$	45.85		$	31.26		$	22.86
Total Return		29.71	%		78.29	%		(50.51	)%(C)		30.04	%		78.59	%		(55.65	)%(C)		50.98	%		41.55	%		31.06	%
Net Assets, End of Period (thousands)	$	39,668		$	5,082		$	1,799		$	11,542,870		$	7,401,266		$	3,735,580		$	7,485,802		$	4,283,696		$	2,077,480
Ratio of Expenses to Average Net Assets (D)		0.86	%		0.90	%		0.92	%(B)(E)		0.60	%		0.62	%		0.60	%(B)		0.60	%		0.63	%		0.70	%
Ratio of Net Investment Income to Average Net Assets		1.39	%		1.39	%		3.35	%(B)(E)		1.40	%		1.76	%		2.82	%(B)		2.00	%		2.22	%		2.45	%

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

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DFA INVESTMENT DIMENSIONS GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Emerging Markets Core Equity Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Period April 5, 2005(a) to Nov. 30, 2005
Net Asset Value, Beginning of Period	$	16.49		$	9.88		$	21.20		$	15.13		$	11.54		$	10.00
Income From Investment Operations
Net Investment Income (Loss)		0.30	(A)		0.25	(A)		0.43	(A)		0.35	(A)		0.27	(A)		0.10
Net Gains (Losses) on Securities (Realized and Unrealized)		4.81			6.56			(11.27	)		6.10			3.54			1.51
Total From Investment Operations		5.11			6.81			(10.84	)		6.45			3.81			1.61
Less Distributions
Net Investment Income		(0.29	)		(0.20	)		(0.40	)		(0.32	)		(0.22	)		(0.07	)
Net Realized Gains		—			—			(0.08	)		(0.06	)		—			—
Total Distributions		(0.29	)		(0.20	)		(0.48	)		(0.38	)		(0.22	)		(0.07	)
Net Asset Value, End of Period	$	21.31		$	16.49		$	9.88		$	21.20		$	15.13		$	11.54
Total Return		31.30	%		69.47	%		(51.93	)%(C)		43.20	%		33.39	%		16.12	%(C)
Net Assets, End of Period (thousands)	$	4,179,882		$	2,455,035		$	1,155,526		$	1,829,466		$	822,136		$	218,563
Ratio of Expenses to Average Net Assets		0.65	%		0.67	%		0.65	%(B)		0.65	%		0.74	%		1.00	%(B)(E)
Ratio of Expenses to Average Net Assets (Excluding Waivers and Assumption of Expenses and/or Recovery of Previously Waived Fees)		0.65	%		0.67	%		0.65	%(B)		0.65	%		0.72	%		1.09	%(B)(E)
Ratio of Net Investment Income to Average Net Assets		1.63	%		2.03	%		2.62	%(B)		1.87	%		2.02	%		1.79	%(B)(E)
Portfolio Turnover Rate		4	%		6	%		3	%(C)		2	%		6	%		2	%(C)

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

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DFA INVESTMENT DIMENSIONS GROUP INC.

NOTES TO FINANCIAL STATEMENTS

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 fifty-eight operational portfolios, of which twenty-five (the “Portfolios”) are included in this report and the remaining thirty-three are presented in separate reports.

Of the Portfolios, eight invest in one or more series of The DFA Investment Trust Company, one invests in the Dimensional Emerging Markets Value Fund, and the DFA Global Real Estate Securities Portfolio invests in two portfolios of the DFA Investment Dimensions Group Inc.

Feeder Funds	Master Funds	Percentage Ownership at 10/31/10
U.S. Large Cap Value Portfolio	The U.S. Large Cap Value Series		79	%
Japanese Small Company Portfolio	The Japanese Small Company Series		9	%
Asia Pacific Small Company Portfolio	The Asia Pacific Small Company Series		14	%
United Kingdom Small Company Portfolio	The United Kingdom Small Company Series		3	%
Continental Small Company Portfolio	The Continental Small Company Series		6	%
Emerging Markets Portfolio	The Emerging Markets Series		94	%
Emerging Markets Small Cap Portfolio	The Emerging Markets Small Cap Series		97	%
Emerging Markets Value Portfolio	Dimensional Emerging Markets Value Fund		97	%
Fund of Funds
International Small Company Portfolio	The Japanese Small Company Series		91	%
	The Asia Pacific Small Company Series		86	%
	The United Kingdom Small Company Series		97	%
	The Continental Small Company Series		94	%
	The Canadian Small Company Series		100	%
DFA Global Real Estate Securities Portfolio	DFA Real Estate Securities Portfolio		14	%
	DFA International Real Estate Securities Portfolio		32	%

Each feeder fund and fund of funds (collectively, “Feeder Funds) invests primarily in a corresponding master fund(s) (“Master Fund”) as indicated. International Small Company Portfolio and DFA Global Real Estate Securities Portfolio also invest in short-term temporary cash investments.

The financial statements of the Master Funds are included elsewhere in this report and should be read in conjunction with the financial statements of the Feeder Funds.

Prior to March 30, 2007, U.S.Targeted Value Portfolio invested substantially all of its assets in shares of The U.S. Targeted Value Series. At the close of business on March 29, 2007, U.S. Targeted Value Portfolio received its pro-rata share of cash and securities from The U.S. Targeted Value Series in a complete liquidation of its interest in the Series. Effective March 30, 2007, U.S. Targeted Value Portfolio invests directly in securities rather than through the Series and maintains the same investment objective.

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On January 29, 2008, Class R2 shares of Emerging Markets Value Portfolio commenced operations. On January 31, 2008, Class R1 Shares and on June 30, 2008, Class R2 Shares of U.S. Targeted Value Portfolio commenced operations. The Class R1 Shares and Class R2 Shares of each Portfolio of the Fund (except U.S. Small Cap Value Portfolio, U.S. Micro Cap Portfolio, Japanese Small Company Portfolio, Asia Pacific Small Company Portfolio, United Kingdom Small Company Portfolio, Continental Small Company Portfolio, DFA Global Real Estate Securities Portfolio, DFA International Small Cap Value Portfolio, International Vector Equity Portfolio and Emerging Markets Small Cap Portfolio), contained in this report, had not commenced operations as of October 31, 2010. Class R1 and Class R2 Shares of each Portfolio have 100,000,000 authorized shares.

Effective December 31, 2008, The U.S. Large Cap Value Series, a master fund in a RIC/RIC master-feeder structure, elected with the consent of its respective Holder(s) to change its U.S. federal income tax classification from that of an association taxable as a corporation to a partnership pursuant to Treasury Regulation §301.7701-3. The change in capital structure and retroactive reclassification of the statement of changes in net assets and financial highlights for the respective funds is a result of the treatment of a partnership for book purposes. The Series/Portfolio will maintain its books and records and present its financial statements in accordance with generally accepted accounting principles for investment partnerships.

Effective February 28, 2009, Enhanced U.S. Large Company Portfolio, U.S. Small Cap Value Portfolio, U.S. Small Cap Portfolio and U.S. Micro Cap Portfolio invest directly in securities rather than through a Master Fund. See Federal Income Taxes note for more information regarding these transactions.

Effective November 1, 2009, Dimensional Emerging Markets Value Fund (“DEM II”), a master fund in a master-feeder structure, elected with the consent of its Holder(s) to change its U.S. federal income tax classification from that of an association taxable as a corporation to a partnership pursuant to Treasury Regulation §301.7701-3. The change in capital structure and retroactive reclassification of the statement of changes in net assets and financial highlights for DEM II is a result of the treatment of a partnership for book purposes. DEM II and the Portfolio will maintain their books and records and present their financial statements in accordance with generally accepted accounting principles for investment partnerships.

At a regular meeting of the Board of Directors/Trustees (the “Board”) on September 16, 2008, the Board voted to change the fiscal and tax year ends of the Portfolios from November 30 to October 31.

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 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 – quoted prices in active markets for identical securities

—     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)

Securities held by Enhanced U.S. Large Company Portfolio, U.S. Targeted Value Portfolio, U.S. Small Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Core Equity 2 Portfolio, U.S. Vector Equity Portfolio, U.S. Small Cap Portfolio, U.S. Micro Cap Portfolio and DFA Real Estate Securities Portfolio (the “Domestic Equity Portfolios”) and Large Cap International Portfolio, International Core Equity Portfolio, DFA International Real Estate Securities

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Portfolio, DFA International Small Cap Value Portfolio, International Vector Equity Portfolio and Emerging Markets Core Equity Portfolio (the “International Equity Portfolios”), including over-the-counter securities, are valued at the last quoted sale price of the day. Securities held by the Domestic Equity Portfolios and the International Equity Portfolios that are listed on Nasdaq are valued at the Nasdaq Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, the Domestic Equity Portfolios and International Equity Portfolios value the securities at the mean of the most recent quoted bid and asked prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.

Securities for which no market quotations are 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/Trustees. These securities are generally categorized as Level 2 in the hierarchy. 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 the Investment Committee of the Advisor) occur before the net asset value is calculated. When fair value pricing is used, the prices of securities used by the Domestic Equity Portfolios and International Equity Portfolios may differ from the quoted or published prices for the same securities on their primary markets or exchanges.

The International Equity Portfolios will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 11:00 p.m. PT), which is fourteen hours prior to the close of the NYSE (normally, 1:00 p.m. PT) and the time that the net asset values of the International Equity Portfolios are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the International Equity Portfolios price their shares at the close of the NYSE, the International Equity Portfolios will fair value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the International Equity Portfolios’ foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Directors/Trustees of the Fund have determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the International Equity Portfolios utilizes data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When an International Equity Portfolio uses fair value pricing, the values assigned to the International Equity Portfolio’s foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. Certain foreign equity securities that are fair value adjusted through an independent pricing service which considers statistically relevant trading patterns may periodically move from input valuation Level 2 to input valuation Level 1 when not meeting the fair value adjustment trigger requirements.

Debt Securities held by Enhanced U.S. Large Company Portfolio, (the “Fixed Income Portfolio”), are valued on the basis of 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 which 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/Trustees. These valuations are classified as Level 2 in the hierarchy.

Listed derivatives, such as futures, that are actively traded are valued based on quoted prices from the exchange and are categorized as Level 1 in the hierarchy. Over the counter derivative contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from actively quoted markets and are categorized as Level 2 in the hierarchy.

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Master Fund shares held by International Small Company Portfolio and DFA Global Real Estate Securities Portfolio are valued at their respective daily net asset value. The Feeder Funds’ investments reflect proportionate interest in the net assets of their corresponding Master Fund. These valuations are classified as Level 1 in the hierarchy.

A summary of inputs used to value the Portfolios’ investments by each major security type, industry and/or country is disclosed at the end of the Summary Schedule of Portfolio Holdings/Schedule of Investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The Portfolios did not have any significant transfers between Level 1 and Level 2 during the year ended October 31, 2010.

2.    Foreign Currency Translation:    Securities and other assets and liabilities of Enhanced U.S. Large Company Portfolio and the International Equity Portfolios whose values are initially expressed in foreign currencies are translated to U.S. dollars using the mean between the most recently quoted bid and asked 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. Enhanced U.S. Large Company Portfolio also enters into forward currency contracts solely for the purpose of hedging against fluctuations in currency exchange rates. These contracts are marked to market daily based on daily forward exchange rates.

The International Equity Portfolios do not isolate the effect of fluctuation in foreign exchange rates from the effect of fluctuations in the market prices of securities whether realized or unrealized. However, Enhanced U.S. Large Company Portfolio does 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 both financial reporting and 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 foreign withholding taxes recorded on the books of the International Equity Portfolios and Enhanced U.S. Large Company Portfolio and the U.S. dollar equivalent amounts actually received or paid.

3.    Deferred Compensation Plan:    Each eligible Director of the Fund may elect participation in the Deferred Compensation Plan (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 or Other 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 to defer compensation (the “Notice”) to elect 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 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 of the

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Fund (unless the Director files an amended Notice selecting a different distribution date). Robert C. Merton resigned from the Board of the Fund on December 1, 2009 and received a lump sum payment of the proceeds of his deferred fee account on January 4, 2010 in the amount of $241,764. As of October 31, 2010, no other Directors have requested or received a distribution of proceeds of a deferred fee account.

4.    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 are on the basis of identified cost. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities that represent a return of capital or capital gain 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 Portfolios are allocated using methods approved by the Board of Directors/Trustees, generally based on average net assets.

Class R1 Shares, Class R2 Shares and Institutional Class Shares have equal rights to assets and earnings of the Portfolio. Income, gains and losses, and common expenses of the Portfolio are allocated to each class of shares based on its relative net assets. Each class will bear its own class-specific expenses, if any.

U.S. Large Cap Value Portfolio, International Small Company Portfolio, Japanese Small Company Portfolio, Asia Pacific Small Company Portfolio, United Kingdom Small Company Portfolio, Continental Small Company Portfolio, Emerging Markets Portfolio, Emerging Markets Small Cap Portfolio and Emerging Markets Value Portfolio each recognize their pro-rata share of net investment income and realized and unrealized gains/losses on a daily basis, from their respective Master Funds, which are treated as partnerships for federal income tax purposes.

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.

Emerging Markets Core Equity Portfolio’s investments in Thailand and the investments in Thailand held by the Master Funds of Emerging Markets Portfolio, Emerging Markets Small Cap Portfolio and Emerging Markets Value Portfolio are subject to a 15% governmental capital gains tax. Such taxes are due upon sale of individual securities. Emerging Markets Core Equity Portfolio and the Master Funds of Emerging Markets Portfolio, Emerging Markets Small Cap Portfolio and Emerging Markets Value Portfolio each accrues for taxes on the capital gains throughout the holding period based on the unrealized gain of the underlying securities. These funds are also subject to a 15% governmental capital gains tax on short-term capital gains for investments in India. Such taxes are due upon sale of individual securities. The taxes for the capital gains are accrued when the capital gains are earned.

C. Investment Advisor and Administrator:

Dimensional Fund Advisors LP (“Dimensional” or the “Advisor”) provides investment advisory services to all Portfolios. The Advisor receives no additional compensation for the investment advisory services it provides to the Feeder Funds. The Advisor provides administrative services to the Feeder Funds, including supervision of services provided by others, providing information to shareholders and the Board of Directors/Trustees, and other administrative services.

For the year ended October 31, 2010, the Portfolios’ investment advisory services fees were accrued daily and paid monthly to the Advisor based on the following effective annual rates of average daily net assets:

Enhanced U.S. Large Company Portfolio*	0.05	%
U.S. Targeted Value Portfolio*	0.10	%

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U.S. Small Cap Value Portfolio*	0.20	%
U.S. Core Equity 1 Portfolio	0.17	%
U.S. Core Equity 2 Portfolio	0.20	%
U.S. Vector Equity Portfolio	0.30	%
U.S. Small Cap Portfolio*	0.03	%
U.S. Micro Cap Portfolio*	0.10	%
DFA Real Estate Securities Portfolio	0.30	%
Large Cap International Portfolio	0.25	%
International Core Equity Portfolio	0.35	%
DFA International Real Estate Securities Portfolio	0.35	%
DFA Global Real Estate Securities Portfolio	0.35	%
DFA International Small Cap Value Portfolio	0.65	%
International Vector Equity Portfolio	0.45	%
Emerging Markets Core Equity Portfolio	0.55	%

For the year ended October 31, 2010, the Feeder Funds’ and Enhanced U.S. Large Company Portfolio, U.S. Targeted Value Portfolio, U.S. Small Cap Value Portfolio, U.S. Small Cap Portfolio and U.S. Micro Cap Portfolio administrative services fees were accrued daily and paid monthly to the Advisor based on the following effective annual rates of average daily net assets:

Enhanced U.S. Large Company Portfolio*	0.15	%
U.S. Large Cap Value Portfolio	0.15	%
U.S. Targeted Value Portfolio*	0.25	%
U.S. Small Cap Value Portfolio*	0.30	%
U.S. Small Cap Portfolio*	0.32	%
U.S. Micro Cap Portfolio*	0.40	%
International Small Company Portfolio	0.40	%
Japanese Small Company Portfolio	0.40	%
Asia Pacific Small Company Portfolio	0.40	%
United Kingdom Small Company Portfolio	0.40	%
Continental Small Company Portfolio	0.40	%
Emerging Markets Portfolio	0.40	%
Emerging Markets Small Cap Portfolio	0.45	%
Emerging Markets Value Portfolio	0.40	%

* Effective March 30, 2007, U.S. Targeted Value Portfolio, and on February 28, 2009, Enhanced U.S. Large Company Portfolio, U.S. Small Cap Value Portfolio, U.S. Small Cap Portfolio and U.S. Micro Cap Portfolio no longer invest substantially all of their assets in their respective Series. Instead, the Portfolios’ assets are managed directly in accordance with the Portfolios’ investment objective and strategies, pursuant to an investment management agreement between the Fund, on behalf of the Portfolios, and Dimensional, which previously was the manager of the Series’ assets. The investment advisory fee paid by the Portfolios are identical to the advisory fee that was charged to the Series.

Pursuant to a Fee Waiver and Expense Assumption Agreement, the Advisor has contractually agreed to waive certain fees, including administration/advisory fees, and in certain instances, assume certain expenses of the Portfolios, as described in the notes below. The Fee Waiver and Expense Assumption Agreement for the Portfolios below will remain in effect through March 1, 2011, and shall continue in effect from year to year thereafter unless terminated by the Fund or the Advisor. For the year ended October 31, 2010, 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 subject to future recovery by the Advisor are also reflected below (amounts in thousands). The Portfolios are not obligated to reimburse the

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Advisor for fees previously waived or expenses previously assumed by the Advisor more than thirty-six months before the date of recovery.

Institutional Class Shares	Expense Limits		Recovery of Previously Waived Fees/ Expenses Assumed	Previously Waived Fees/ Expenses Assumed Subject to Future Recovery
U.S. Targeted Value Portfolio (1)		0.50%	—	—
U.S. Core Equity 1 Portfolio (2)		0.23%	—	—
U.S. Core Equity 2 Portfolio (2)		0.26%	—	—
U.S. Vector Equity Portfolio (2)		0.36%	—	—
International Core Equity Portfolio (2)		0.49%	—	—
International Small Company Portfolio (3)		0.45%	—	—
Japanese Small Company Portfolio (3)		0.47%	—	—
Asia Pacific Small Company Portfolio (3)		0.47%	$25	—
United Kingdom Small Company Portfolio (3)		0.47%	—	$     56
Continental Small Company Portfolio (3)		0.47%	—	—
DFA International Real Estate Securities Portfolio (2)		0.65%	—	—
DFA Global Real Estate Securities Portfolio (4)		0.55%	—	2,580
International Vector Equity Portfolio (2)		0.60%	28	—
Emerging Markets Core Equity Portfolio (2)		0.85%	—	—
Class R1 Shares
U.S. Targeted Value Portfolio (5)		0.62%	—	—
Class R2 Shares
U.S. Targeted Value Portfolio (6)		0.77%	—	—
Emerging Markets Value Portfolio (7)		0.96%	—	—

(1) The Advisor has contractually agreed to waive its administration fee and advisory fee and to assume the Portfolio’s direct and indirect expenses (excluding the expenses the Portfolio incurs indirectly through investment in other investment companies) (“Portfolios Expenses”) to the extent necessary to limit the Portfolio Expenses of the Portfolio to the rate listed above as a percentage of average net assets on an annualized basis. At any time that the annualized expenses of the Portfolio are less than the rate listed above for 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 Portfolio’s annualized expenses to exceed the applicable percentage of average net assets on an annualized basis, as listed above.

(2) The Advisor has contractually agreed to waive all or a portion of its advisory fee and assume each Portfolio’s ordinary operating expenses (excluding the expenses a Portfolio incurs indirectly through investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of each Portfolio to the rates listed above as a percentage of average net assets on an annualized basis. At any time that the annualized Portfolio Expenses of a Portfolio are less than the rates listed above for such 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 Portfolio’s annualized Portfolio Expenses to exceed the applicable percentage of average net assets on an annualized basis, as listed above.

(3) The Advisor has contractually agreed to waive its administration fee and to assume each Portfolio’s other direct expenses (for International Small Company, not including expenses incurred through its investment in other investment companies) to the extent necessary to limit the direct expenses of each Portfolio to the rates listed above as a percentage of average net assets on an annualized basis. The Fee Waiver and Expense Assumption Agreement does not include the indirect expenses each Portfolio bears as a shareholder of its Master Funds. At any time that the direct expenses of a Portfolio are less than the rates listed above as a percentage of average net assets on an annualized basis, the Advisor retains the right to recover any fees previously waived and/or expenses

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previously assumed to the extent that such recovery will not cause the Portfolio’s direct expenses to exceed the applicable percentage of average net assets on an annualized basis, as listed above.

(4) The Advisor has contractually agreed to waive all or a portion of its advisory fee and to assume the expenses of the Portfolio (including the expenses that the Portfolio bears as a shareholder of other investment companies managed by the Advisor but excluding 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 the Portfolio to the rate listed above as a percentage of average net assets on an annualized basis. At any time that the annualized Portfolio Expenses of the Portfolio are less than the rate listed above as a percentage of average net assets on an annualized basis, 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 Portfolio’s annualized Portfolio Expenses to exceed the applicable percentage of average net assets on an annualized basis, as listed above. The Advisor has voluntarily agreed to waive all or a portion of its advisory fee to the extent necessary to limit the total advisory fees paid by the Portfolio to the Advisor directly and indirectly (the proportionate share of the advisory fees paid by the Portfolio through its investment in other funds managed by the Advisor) to 0.35% of the Portfolio’s average net assets on an annualized basis.

(5) The Advisor has contractually agreed to waive its administration fee and to assume the Portfolio’s direct and indirect expenses (excluding the expenses the Portfolio incurs indirectly through investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of the Class R1 Shares to the rate listed above as a percentage of average net assets on an annualized basis. At any time that the Class R1 Shares’ annualized expenses are less than the rate listed above as a percentage of average net assets on an annualized basis, 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 Portfolio’s annualized expenses to exceed the applicable percentage of average net assets on an annualized basis, as listed above.

(6) The Advisor has contractually agreed to waive its administration fee and to assume the Portfolio’s direct and indirect expenses (excluding the expenses the Portfolio incurs indirectly through investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of the Class R2 Shares to the rate listed above as a percentage of average net assets on an annualized basis. At any time that the Class R2 Shares’ annualized expenses are less than the rate listed above as a percentage of average net assets on an annualized basis, 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 Portfolio’s annualized expenses to exceed the applicable percentage of average net assets on an annualized basis, as listed above.

(7) The Advisor has contractually agreed to assume the Portfolio’s direct expenses (excluding administration fees and custodian fees) to the extent necessary to limit the expenses of the Class R2 shares to the rate listed above as a percentage of average net assets on an annualized basis. At any time that the annualized expenses of the Portfolio are less than the rate listed 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 Portfolio’s annualized expenses to exceed the applicable percentage of average net assets, as listed above.

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Directors/Trustees of the Advisor are also Officers and Directors/Trustees of the Fund; however, such Officers and Directors/Trustees (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the year ended October 31, 2010, the total related amounts paid by the Fund to the CCO were $211 (in thousands). The total related amounts paid by each of the Portfolios are included in Other Expenses on the Statement of Operations.

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D. Deferred Compensation:

At October 31, 2010, the total liability for deferred compensation to Directors/Trustees is included in Accrued Expenses and Other Liabilities on the Statement of Assets and Liabilities as follows (amounts in thousands):

Enhanced U.S. Large Company Portfolio	$	5
U.S. Large Cap Value Portfolio		168
U.S. Targeted Value Portfolio		40
U.S. Small Cap Value Portfolio		165
U.S. Core Equity 1 Portfolio		54
U.S. Core Equity 2 Portfolio		100
U.S. Vector Equity Portfolio		32
U.S. Small Cap Portfolio		71
U.S. Micro Cap Portfolio		84
DFA Real Estate Securities Portfolio		53
Large Cap International Portfolio		38
International Core Equity Portfolio		94
International Small Company Portfolio		113
Japanese Small Company Portfolio		4
Asia Pacific Small Company Portfolio		2
United Kingdom Small Company Portfolio		1
Continental Small Company Portfolio		3
DFA International Real Estate Securities Portfolio		17
DFA Global Real Estate Securities Portfolio		8
DFA International Small Cap Value Portfolio		181
International Vector Equity Portfolio		6
Emerging Markets Portfolio		53
Emerging Markets Small Cap Portfolio		27
Emerging Markets Value Portfolio		179
Emerging Markets Core Equity Portfolio		62

E. Purchases and Sales of Securities:

For the year ended October 31, 2010, the Portfolios made the following purchases and sales of investment securities, other than short-term securities (amounts in thousands):

	U.S. Government Securities				Other Investment Securities
	Purchases		Sales		Purchases		Sales
Enhanced U.S. Large Company Portfolio	$	23,295	$	15,906	$	96,586	$	85,229
U.S. Targeted Value Portfolio		—		—		743,256		385,651
U.S. Small Cap Value Portfolio		—		—		1,179,085		1,604,481
U.S. Core Equity 1 Portfolio		—		—		500,472		104,767
U.S. Core Equity 2 Portfolio		—		—		679,494		291,591
U.S. Vector Equity Portfolio		—		—		249,878		147,332
U.S. Small Cap Portfolio		—		—		721,110		569,730
U.S. Micro Cap Portfolio		—		—		272,933		670,280
DFA Real Estate Securities Portfolio		—		—		55,110		134,927
Large Cap International Portfolio		—		—		226,664		94,622
International Core Equity Portfolio		—		—		816,395		79,373
DFA International Real Estate Securities Portfolio		—		—		157,052		46,998
DFA International Small Cap Value Portfolio		—		—		1,459,275		1,247,603
International Vector Equity Portfolio		—		—		80,705		16,080
Emerging Markets Core Equity Portfolio		—		—		1,018,104		135,723

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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, as appropriate, in the period that the differences arise. Accordingly, the following permanent differences as of October 31, 2010, primarily attributable to net realized gains on securities considered to be “passive foreign investment companies”, non-deductible offering costs, foreign bond bifurcation, the utilization of accumulated earnings and profits distributed to shareholders on redemptions of shares as part of the dividends paid deduction for income tax purposes and distribution redesignations, were reclassified to the following accounts. These reclassifications had no effect on net assets or net asset value per share (amounts in thousands):

	Increase (Decrease) Paid-In Capital			Increase (Decrease) Undistributed Net Investment       Income			Increase (Decrease) Accumulated Net Realized Gains (Losses)
Enhanced U.S. Large Company Portfolio		—		$	(15	)	$	15
U.S. Large Cap Value Portfolio		—			—			—
U.S. Targeted Value Portfolio	$	30			(200	)		170
U.S. Small Cap Value Portfolio		55,514			(388	)		(55,126	)
U.S. Core Equity 1 Portfolio		—			(16	)		16
U.S. Core Equity 2 Portfolio		—			(42	)		42
U.S. Vector Equity Portfolio		—			(24	)		24
U.S. Small Cap Portfolio		(104	)		(144	)		248
U.S. Micro Cap Portfolio		—			(258	)		258
DFA Real Estate Securities Portfolio		—			4			(4	)
Large Cap International Portfolio		—			383			(383	)
International Core Equity Portfolio		(13	)		971			(958	)
International Small Company Portfolio		(8,877	)		11,998			(3,121	)
Japanese Small Company Portfolio		(4,574	)		81			4,493
Asia Pacific Small Company Portfolio		(259	)		100			159
United Kingdom Small Company Portfolio		(74	)		33			41
Continental Small Company Portfolio		(195	)		476			(281	)
DFA International Real Estate Securities Portfolio		136			790			(926	)
DFA Global Real Estate Securities Portfolio		101			(101	)		—
DFA International Small Cap Value Portfolio		13,148			16,536			(29,684	)
International Vector Equity Portfolio		207			(62	)		(145	)
Emerging Markets Portfolio		15,558			(2,642	)		(12,916	)
Emerging Markets Small Cap Portfolio		2,294			(295	)		(1,999	)
Emerging Markets Value Portfolio		48,632			(11,121	)		(37,511	)
Emerging Markets Core Equity Portfolio		—			(776	)		776

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The tax character of dividends and distributions declared and paid during the year ended October 31, 2009 and the year ended October 31, 2010 were as follows (amounts in thousands):

	Net Investment Income and Short-Term   Capital Gains		Long-Term   Capital Gains		Total
Enhanced U.S. Large Company Portfolio
2009	$	19,564		—	$	19,564
2010		1,589		—		1,589
U.S. Large Cap Value Portfolio
2009		130,238		—		130,238
2010		116,599		—		116,599
U.S. Targeted Value Portfolio
2009		14,179		—		14,179
2010		12,576	$	7		12,583
U.S. Small Cap Value Portfolio
2009		69,882		—		69,882
2010		25,747		—		25,747
U.S. Core Equity 1 Portfolio
2009		31,598		—		31,598
2010		31,326		—		31,326
U.S. Core Equity 2 Portfolio
2009		55,009		—		55,009
2010		53,941		—		53,941
U.S. Vector Equity Portfolio
2009		16,454		—		16,454
2010		14,799		—		14,799
U.S. Small Cap Portfolio
2009		26,412		—		26,412
2010		21,528		—		21,528
U.S. Micro Cap Portfolio
2009		57,816		—		57,816
2010		17,526		—		17,526
DFA Real Estate Securities Portfolio
2009		95,934		—		95,934
2010		70,908		—		70,908
Large Cap International Portfolio
2009		32,286		—		32,286
2010		40,390		—		40,390
International Core Equity Portfolio
2009		77,469		—		77,469
2010		83,173		—		83,173

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	Net Investment Income and Short-Term   Capital Gains		Long-Term   Capital Gains		Total
International Small Company Portfolio
2009	$	81,118		—	$	81,118
2010		84,604		—		84,604
Japanese Small Company Portfolio
2009		2,426		—		2,426
2010		1,845		—		1,845
Asia Pacific Small Company Portfolio
2009		2,724		—		2,724
2010		3,162		—		3,162
United Kingdom Small Company Portfolio
2009		658		—		658
2010		694		—		694
Continental Small Company Portfolio
2009		2,087		—		2,087
2010		1,863		—		1,863
DFA International Real Estate Securities Portfolio
2009		11,227		—		11,227
2010		79,025		—		79,025
DFA Global Real Estate Securities Portfolio
2009		2,370		—		2,370
2010		30,971		—		30,971
DFA International Small Cap Value Portfolio
2009		108,717	$	25,188		133,905
2010		108,095		6,990		115,085
International Vector Equity Portfolio
2009		3,671		—		3,671
2010		5,534		54		5,588
Emerging Markets Portfolio
2009		36,673		23,932		60,605
2010		40,081		42,220		82,301
Emerging Markets Small Cap Portfolio
2009		16,832		—		16,832
2010		22,951		1,637		24,588
Emerging Markets Value Portfolio
2009		114,611		518,510		633,121
2010		190,697		142,234		332,931

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	Net Investment Income and Short-Term   Capital Gains		Long-Term   Capital Gains		Total
Emerging Markets Core Equity Portfolio
2009	$	29,028		—	$	29,028
2010		48,768		—		48,768

At October 31, 2010, 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   Capital Gains		Long-Term   Capital Gains		Total
U.S. Targeted Value Portfolio	$	22	$	7	$	29
DFA International Real Estate Securities Portfolio		162		—		162
DFA Global Real Estate Securities Portfolio		101		—		101
DFA International Small Cap Value Portfolio		6,406		6,990		13,396
International Vector Equity Portfolio		154		54		208
Emerging Markets Portfolio		3,182		12,406		15,588
Emerging Markets Small Cap Portfolio		657		1,637		2,294
Emerging Markets Value Portfolio		10,256		25,596		35,852

At October 31, 2010, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):

	Undistributed Net Investment Income and Short-Term Capital Gains		Undistributed Long-Term Capital Gains		Capital Loss Carryforward			Total Net Distributable Earnings (Accumulated       Losses)
Enhanced U.S. Large Company Portfolio	$	60		—	$	(83,155	)	$	(83,095	)
U.S. Large Cap Value Portfolio		17,615		—		(1,943,065	)		(1,925,450	)
U.S. Targeted Value Portfolio		2,337	$	4,739		—			7,076
U.S. Small Cap Value Portfolio		3,841		—		(111,515	)		(107,674	)
U.S. Core Equity 1 Portfolio		6,246		—		(81,149	)		(74,903	)
U.S. Core Equity 2 Portfolio		12,077		—		(84,843	)		(72,766	)
U.S. Vector Equity Portfolio		2,999		—		(83,542	)		(80,543	)
U.S. Small Cap Portfolio		4,727		—		(202,569	)		(197,842	)
U.S. Micro Cap Portfolio		3,313		—		(269,190	)		(265,877	)
DFA Real Estate Securities Portfolio		13,051		—		(190,348	)		(177,297	)
Large Cap International Portfolio		6,285		—		(168,708	)		(162,423	)
International Core Equity Portfolio		23,835		—		(79,551	)		(55,716	)
International Small Company Portfolio		62,669		—		(75,782	)		(13,113	)
Japanese Small Company Portfolio		746		—		(86,440	)		(85,694	)
Asia Pacific Small Company Portfolio		4,232		—		(33,364	)		(29,132	)
United Kingdom Small Company Portfolio		216		—		(2,879	)		(2,663	)
Continental Small Company Portfolio		655		—		(29,435	)		(28,780	)

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	Undistributed Net Investment Income and Short-Term Capital Gains		Undistributed Long-Term Capital Gains		Capital Loss Carryforward			Total Net Distributable Earnings (Accumulated     Losses)
DFA International Real Estate Securities Portfolio	$	99,500		—	$	(86,757	)	$	12,743
DFA Global Real Estate Securities Portfolio		5,020		—		(2,755	)		2,265
DFA International Small Cap Value Portfolio		52,524	$	138,419		—			190,943
International Vector Equity Portfolio		2,022		2,417		—			4,439
Emerging Markets Portfolio		3,780		136,068		—			139,848
Emerging Markets Small Cap Portfolio		3,840		58,346		—			62,186
Emerging Markets Value Portfolio		82,579		479,238		—			561,817
Emerging Markets Core Equity Portfolio		9,681		—		(53,657	)		(43,976	)

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. As of October 31, 2010, the following Portfolios had capital loss carryforwards available to offset future realized capital gains through the indicated expiration dates (amounts in thousands):

	2011		2012		2013		2014		2015		2016		2017		2018		Total
Enhanced U.S. Large Company Portfolio		—		—		—		—		—	$	83,155		—		—	$	83,155
U.S. Large Cap Value Portfolio		—		—		—		—		—		—	$	1,943,065		—		1,943,065
U.S. Small Cap Value Portfolio		—		—		—		—		—		—		111,515		—		111,515
U.S. Core Equity 1 Portfolio		—		—		—		—	$	2,284		18,644		60,221		—		81,149
U.S. Core Equity 2 Portfolio		—		—		—		—		5,654		42,181		37,008		—		84,843
U.S. Vector Equity Portfolio		—		—		—		—		—		3,326		80,216		—		83,542
U.S. Small Cap Portfolio		—		—		—		—		—		202,067		502		—		202,569
U.S. Micro Cap Portfolio		—		—		—		—		—		207,930		61,260		—		269,190
DFA Real Estate Securities Portfolio		—		—		—		—		—		82,044		62,969	$	45,335		190,348
Large Cap International Portfolio		—		—		—		—		—		19,004		135,393		14,311		168,708
International Core Equity Portfolio		—		—		—		—		—		—		79,551		—		79,551
International Small Company Portfolio		—		—		—		—		—		—		75,782		—		75,782
Japanese Small Company Portfolio	$	19,912	$	3,801	$	3,055	$	2,451		8,004		23,057		13,952		12,208		86,440
Asia Pacific Small Company Portfolio		501		1,151		907		864		—		21,680		8,261		—		33,364
United Kingdom Small Company Portfolio		—		—		—		—		—		892		1,987		—		2,879
Continental Small Company Portfolio		—		—		—		—		—		16,959		7,224		5,252		29,435
DFA International Real Estate Securities
Portfolio.		—		—		—		—		46		13,446		34,576		38,689		86,757
DFA Global Real Estate Securities Portfolio		—		—		—		—		—		—		—		2,755		2,755
Emerging Markets Core Equity Portfolio		—		—		—		—		—		27,213		26,444		—		53,657

During the year ended October 31, 2010, the following Portfolios utilized capital loss carryforwards to offset realized capital gains for federal income tax purposes (amounts in thousands):

Enhanced U.S. Large Company Portfolio	$	24,806
U.S. Large Cap Value Portfolio		498,328
U.S. Targeted Value Portfolio		82,599
U.S. Small Cap Value Portfolio		462,423
U.S. Core Equity 1 Portfolio		981
U.S. Core Equity 2 Portfolio		9,909
U.S. Vector Equity Portfolio		11,136
U.S. Small Cap Portfolio		178,052
U.S. Micro Cap Portfolio		245,602
International Core Equity Portfolio		18,702
International Small Company Portfolio		155,578

146

Asia Pacific Small Company Portfolio	$	5,335
United Kingdom Small Company Portfolio		129
DFA International Small Cap Value Portfolio		32,601
International Vector Equity Portfolio		3,383
Emerging Markets Small Cap Portfolio		37,102
Emerging Markets Core Equity Portfolio		35,738

For the year ended October 31, 2010, Japanese Small Company Portfolio had capital loss carryforward expirations of $4,453 (in thousands).

Some of the Portfolios’ investments and investments held by the Master Funds are in securities considered to be “passive foreign investment companies” for which any unrealized appreciation (depreciation) (mark to market) and/or realized gains are required to be included in distributable net investment income for federal income tax purposes. At October 31, 2010, the following Portfolios had cumulative unrealized appreciation (depreciation) (mark to market) to be included in distributable net investment income for federal tax purposes. For the year ended October 31, 2010, realized gains on the sale of passive foreign investment companies have been reclassified from accumulated net realized gains to accumulated net investment income for federal tax purposes. Amounts listed below are in thousands.

	Mark to Market		Realized Gains
Large Cap International Portfolio	$	1,994		—
International Core Equity Portfolio		6,636	$	660
International Small Company Portfolio		30,541		9,481
Japanese Small Company Portfolio		109		3
Asia Pacific Small Company Portfolio		3,577		44
United Kingdom Small Company Portfolio		12		—
Continental Small Company Portfolio		54		425
DFA International Real Estate Securities Portfolio		102,024		688
DFA International Small Cap Value Portfolio		14,397		19,367
International Vector Equity Portfolio		929		15
Emerging Markets Portfolio		434		—
Emerging Markets Small Cap Portfolio		590		285
Emerging Markets Value Portfolio		292		4
Emerging Markets Core Equity Portfolio		1,040		—

At October 31, 2010, the total cost and aggregate gross unrealized appreciation and (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes (amounts in thousands):

	Federal Tax Cost		Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
Enhanced U.S. Large Company Portfolio	$	154,182	$	2,047	$	(30	)	$	2,017
U.S. Large Cap Value Portfolio		5,483,240		1,526,241		(87,376	)		1,438,865
U.S. Targeted Value Portfolio		2,379,587		397,362		(198,641	)		198,721
U.S. Small Cap Value Portfolio		7,688,064		1,414,262		(1,274,498	)		139,764
U.S. Core Equity 1 Portfolio		3,024,394		436,878		(260,177	)		176,701
U.S. Core Equity 2 Portfolio		5,454,505		762,296		(658,577	)		103,719
U.S. Vector Equity Portfolio		1,719,330		256,530		(228,507	)		28,023
U.S. Small Cap Portfolio		3,793,567		894,348		(443,835	)		450,513
U.S. Micro Cap Portfolio		3,320,517		990,714		(691,013	)		299,701

147

	Federal Tax Cost		Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
DFA Real Estate Securities Portfolio	$	2,975,169	$	665,318	$	(275,967	)	$	389,351
Large Cap International Portfolio		1,690,644		393,842		(189,698	)		204,144
International Core Equity Portfolio		5,630,995		726,505		(675,593	)		50,912
International Small Company Portfolio		5,030,684		1,197,767		(699,918	)		497,849
Japanese Small Company Portfolio		193,623		60,393		(139,032	)		(78,639	)
Asia Pacific Small Company Portfolio		108,755		77,859		(55,057	)		22,802
United Kingdom Small Company Portfolio		30,403		25,800		(22,445	)		3,355
Continental Small Company Portfolio		110,447		79,018		(61,309	)		17,709
DFA International Real Estate Securities
Portfolio		1,287,520		65,211		(252,903	)		(187,692	)
DFA Global Real Estate Securities Portfolio		549,837		166,409		(20,672	)		145,737
DFA International Small Cap Value Portfolio		8,452,705		1,452,205		(1,716,651	)		(264,446	)
International Vector Equity Portfolio		325,612		98,796		(16,840	)		81,956
Emerging Markets Portfolio		1,101,083		1,351,410		(79,114	)		1,272,296
Emerging Markets Small Cap Portfolio		1,181,698		706,692		(54,641	)		652,051
Emerging Markets Value Portfolio		8,453,063		3,270,128		(136,524	)		3,133,604
Emerging Markets Core Equity Portfolio		3,292,932		1,365,544		(129,856	)		1,235,688

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 Portfolio’s tax postions and has concluded that no provision for income tax is required in any Portfolios’ financial statements. No Portfolio is aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each of the Portfolios’ federal tax returns for the prior three fiscal years remains subject to examination by the Internal Revenue Service.

On October 22, 2008, The U.S. Micro Cap Series and The U.S. Small Cap Value Series and on October 25, 2008 The U.S. Small Cap Series, each a master fund in a RIC/RIC master-feeder structure, each with a RIC feeder (“the Portfolios”), having 100% investment in their respective master fund, have each made a “Check-the-box” election for federal income tax purposes pursuant to Treasury Regulation § 301.7701-3, to change their federal entity classifications from a corporation taxable as a regulated investment company to a disregarded entity. As a result of this election for tax purposes, each master fund is deemed to have liquidated and distributed all of its assets and liabilities to its owners, the respective portfolios (the RIC feeders), with the respective portfolios deemed the surviving entities. The final tax year end of the Master Funds was October 21, 2008 for The U.S. Micro Cap Series and The U.S. Small Cap Value Series and October 24, 2008 for The U.S. Small Cap Series. For Federal income tax purposes, pursuant to Code §337(a), each of the master funds recognizes no gain or loss and, pursuant to Code §332(a), each of the Portfolios recognizes no gain or loss on the deemed liquidation. However, pursuant to IRC §332 (c), each of the aforementioned Portfolios has recognized the master fund’s deemed dividend, which was distributed as part of the deemed liquidating distribution, as taxable income. Pursuant to IRC Code §334(b)(1) and §1223, each of the Portfolios will maintain each respective master fund’s holding period and tax basis in the assets deemed transferred to the respective Portfolio.

Effective December 31, 2008, The U.S. Large Cap Value Series, a master fund in a RIC/RIC master-feeder structure with four RIC feeders and other direct client investor(s), made a “Check-the-box” election for federal income tax purposes pursuant to Treasury Regulation §301.7701-3, to change its federal entity classification from a corporation taxable as a regulated investment company to a partnership. As a result of this election, the master fund is deemed to have distributed all of its assets and liabilities, in a taxable transaction, to its shareholders in liquidation of the master fund. Immediately thereafter, the shareholders contributed all of the distributed assets and liabilities to a

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newly formed partnership. The final tax year end of The U.S. Large Cap Value Series was December 30, 2008. For Federal income tax purposes, pursuant to IRC Code §336(a), the master fund recognized a loss as if the master’s investment securities were sold to its shareholders and, pursuant to IRC Code §331, each of the Portfolios recognized a gain as if it liquidated its investment in the master. For tax purposes, pursuant to IRC Code §334(a), each of the Portfolios took a fair market value basis in the securities deemed received by them and a new holding period for those securities commenced on the deemed liquidation date. As a result of the transaction, The U.S. Large Cap Value Series recognized a ($2,303,664,484) capital loss for tax year ended December 30, 2008.

On November 1, 2008, The Enhanced U.S. Large Company Series, a master fund in a RIC/RIC master-feeder structure and Enhanced U.S. Large Company Portfolio (“the Portfolio”), having 100% investment in its respective master fund, made a “Check-the-box” election for federal income tax purposes pursuant to Treasury Regulation §301.7701-3, to change the Series’ federal entity classification from a corporation taxable as a regulated investment company to a disregarded entity. As a result of this election for tax purposes, the master fund is deemed to have liquidated and distributed all of its assets and liabilities to its owner, the Portfolio, with the Portfolio deemed the surviving entity. The final tax year end of the Master Fund was October 31, 2008. For Federal income tax purposes, pursuant to Code §337(a), the Master Fund did not recognize any gain or loss and, pursuant to Code §332(a), the Portfolio did not recognize any gain or loss on the deemed liquidation. However, pursuant to IRC §332(c), the Portfolio has recognized the Master Fund’s deemed dividend, which was distributed as part of the deemed liquidating distribution, as taxable income. Pursuant to IRC Code §334(b)(1) and §1223, the Portfolio will maintain its respective master fund’s holding period and tax basis in the assets deemed transferred to the respective Portfolio.

Effective November 1, 2009, Dimensional Emerging Markets Value Fund (“DEM II”), a master fund in a master-feeder structure with one RIC feeder (Emerging Markets Value Portfolio) and other direct client investors, made a “Check-the-Box” election for federal income tax purposes pursuant to Treasury Regulation §301.7701-3, to change their federal entity classifications from a corporation taxable as a regulated investment company to a partnership. DEM II and the Portfolio will maintain their books and records and present their financial statements in accordance with generally accepted accounting principals for investment partnerships. As a result of this election, the master fund is deemed to have distributed all of its assets and liabilities on October 31, 2009 to its shareholders in liquidation of the master fund. Since the master fund has a shareholder owning 80% or more of the fund’s shares, and also has shareholders owning less than 80%, the transaction creates a non-taxable transaction, pursuant to Internal Revenue Code §332, for those owning more than 80%, and a taxable transaction, pursuant to Internal Revenue Code §331, for those shareholders owning less than 80%. Immediately after the deemed liquidation, the shareholders contributed all of the distributed assets and liabilities to a newly formed partnership. The final tax year end of the master fund was October 31, 2009.

For federal income tax purposes, pursuant to Code §336(a), the master fund recognizes gain or loss relative to the investment of the less than 80% shareholders as if the master’s investment securities were sold to those shareholders and, pursuant to Code §331, each of those shareholders recognizes gain or loss as if it liquidated its investment in the master. Pursuant to Code §334(a), each of these shareholders will take a fair market value basis in the securities deemed received by them and a new holding period for those securities commences on the deemed liquidation date. In regards to the shareholder owning 80% or more of the master fund, pursuant to Code §332(a), the shareholder will not recognize any gain or loss on the deemed liquidation. However, pursuant to Code §332(c), a portion of the deemed distribution, which otherwise would have been tax-free as discussed above, since it is utilized by the master fund to satisfy its dividends paid deduction for the tax year, must be recognized and treated as a dividend by the 80% or greater shareholder. Pursuant to Code §334(b)(1) and §1223, the 80% or greater shareholder’s basis and holding period in the securities received in liquidation is the same as it was in the possession of the master. As a result of the transaction, Dimensional Emerging Markets Value Fund recognized a $104,402,506 and ($16,523) capital gain and currency loss respectively, for the tax year ended October 31, 2009.

Certain prior year balances have been reclassified to conform with current year presentation. Such reclassifications impacted the paid-in capital, undistributed net investment income/distributions in excess of net investment income and accumulated net realized gain/loss components of net assets on the statements of assets and liabilities of International Small Company Portfolio and Emerging Markets Value Portfolio. These reclassifications had no impact on net assets, net asset value, the financial highlights or total return.

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G. Capital Share Transactions:

The capital share transactions by class were as follows (amounts in thousands):

	Year Ended Oct. 31, 2010						Year Ended Oct. 31, 2009
	Amount			Shares			Amount			Shares
U.S. Targeted Value Portfolio
Class R1 Shares
Shares Issued	$	7,401			778		$	7,979			1,266
Shares Issued in Lieu of Cash Distributions		312			35			423			64
Shares Redeemed		(5,936	)		(632	)		(5,207	)		(844	)
Shares Reduced by Reverse Stock Split (Note P)		—			(1,314	)		—			—
Net Increase (Decrease) — Class R1 Shares	$	1,777			(1,133	)	$	3,195			486
Class R2 Shares
Shares Issued	$	5,859			572		$	1,638			210
Shares Issued in Lieu of Cash Distributions		29			3			27			4
Shares Redeemed		(3,559	)		(360	)		(626	)		(85	)
Shares Reduced by Reverse Stock Split (Note P)		—			(159	)		—			—
Net Increase (Decrease) — Class R2 Shares	$	2,329			56		$	1,039			129
Institutional Class Shares
Shares Issued	$	897,844			63,857		$	840,965			86,986
Shares Issued in Lieu of Cash Distributions		11,187			862			13,191			1,374
Shares Redeemed		(512,167	)		(37,960	)		(419,657	)		(43,424	)
Net Increase (Decrease) — Institutional Class Shares	$	396,864			26,759		$	434,499			44,936
Emerging Markets Value Portfolio
Class R2 Shares
Shares Issued	$	34,637			18,214		$	2,967			1,723
Shares Issued in Lieu of Cash Distributions		6,798			3,947			1,574			942
Shares Redeemed		(6,985	)		(3,724	)		(2,169	)		(1,024	)
Net Increase (Decrease) — Class R2 Shares	$	34,450			18,437		$	2,372			1,641
Institutional Class Shares
Shares Issued	$	3,313,583			103,334		$	1,977,785			91,360
Shares Issued in Lieu of Cash Distributions		265,972			8,765			574,904			34,181
Shares Redeemed		(1,555,298	)		(49,938	)		(1,287,040	)		(62,335	)
Net Increase (Decrease) — Institutional Class Shares	$	2,024,257			62,161		$	1,265,649			63,206

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H. Financial Instruments:

In accordance with the Portfolios’ investment objectives and policies, the Portfolios may invest, either directly or indirectly through their investment in a corresponding Master Fund, 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.    Repurchase Agreements:    The Portfolios may purchase certain U.S. Government securities subject to the counterparty’s agreement to repurchase them at an agreed upon date and price. The counterparty will be required on a daily basis to maintain the value of the collateral subject to the agreement at not less than the repurchase price (including accrued interest). Due to a clerical error at the repurchase trading agent from October 29, 2010 through November 1, 2010, the collateral held by International Core Equity Portfolio was less than the repurchase price. On November 2, 2010, additional collateral was posted and the repurchase agreement was fully collateralized. The agreements are conditioned upon the collateral being deposited under the Federal Reserve book-entry system with the Fund’s custodian or a third party sub-custodian. In the event of default or bankruptcy by the other party to the agreement, retention of the collateral may be subject to legal proceedings. All open repurchase agreements were entered into on October 29, 2010.

2.    Foreign Market Risks:    Investments in foreign markets may involve certain considerations and risks not typically associated with investments in U.S. companies, 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.

Derivative Financial Instruments:

Disclosures on derivative instruments and hedging activities are intended to improve financial reporting for derivative instruments by enabling investors to understand how and why a Portfolio uses derivatives, how derivatives are accounted for and how derivative instruments affect a Portfolio’s results of operations and financial position. Summarized below are the specific types of derivative instruments used by the Portfolios.

3.    Forward Currency Contracts:    Enhanced U.S. Large Company Portfolio may enter into 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 Statements of Operations as the change in unrealized appreciation or depreciation of 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 Statements of Operations as a net realized gain or loss on foreign currency transactions. At October 31, 2010, Enhanced U.S. Large Company Portfolio had entered into the following contracts and the net unrealized foreign exchange gain/(loss) is reflected in the accompanying financial statements (amounts in thousands):

Enhanced U.S. Large Company Portfolio*

Settlement       Date	Currency Amount	Currency Sold	Contract Amount	Value at October 31, 2010	Unrealized Foreign Exchange Gain (Loss)
11/12/10	18,272	Canadian Dollar	$ 18,034	$ 17,910	$	124
11/12/10	10,847	Pound Sterling	17,167	17,378		(211	)
11/12/10	9,870	Euro	13,648	13,734		(86	)
			$ 48,849	$ 49,022	$	(173	)

* During the year ended October 31, 2010, the Portfolio’s average cost of forward currency contracts was $(41,128) (in thousands).

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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.    Futures Contracts:    Certain Portfolios may enter into futures contracts to gain market exposure on uninvested cash pending investment in securities or to maintain liquidity to pay redemptions. Additionally, Enhanced U.S. Large Company Portfolio uses stock index futures to hedge against changes in equity securities’ prices in the normal course of pursuing its investment objectives. Upon entering into a futures contract, the Portfolio deposits cash or pledges U.S. Government securities to a broker, equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Portfolio as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Portfolio records a realized gain or loss, which is presented in the Statement 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 Portfolio could lose more than the initial margin requirements. The Portfolios 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.

At October 31, 2010, the following Portfolio had outstanding futures contracts (dollar amounts in thousands):

	Description	Expiration         Date	Number of Contracts*	Contract     Value	Unrealized Gain (Loss)
Enhanced U.S. Large Company Portfolio	S&P 500  Index®	12/17/2010	515	$151,886	$10,407

Securities have been segregated as collateral for open futures contracts.

*During the year ended October 31, 2010 the Portfolio’s average notional value of outstanding futures contracts was $153,224 (in thousands).

Additional disclosure on derivative instruments is required showing a summary by primary risk exposure of the derivatives instruments’ (i) location in the balance sheet and fair value at period end and (ii) the location in the Statements of Operations and the realized and change in unrealized gain or loss over the reporting period. The following is a summary of the Portfolios’ derivative instrument holdings for the year ended October 31, 2010.

The following is a summary of the location of derivatives on the Portfolios’ Statements of Assets and Liabilities as of October 31, 2010:

	Location on the Statements of Assets and Liabilities
Derivative Type	Asset Derivatives	Liability Derivatives
Foreign exchange contracts	Unrealized Gain on	Unrealized Loss on Forward
	Forward Currency Contracts	Currency Contracts
Equity contracts	Receivables: Futures
	Margin Variation

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The following is a summary of the Portfolios’ derivative instrument holdings categorized by primary risk exposure as of October 31, 2010 (amounts in thousands):

		Asset Derivatives Value
	Total Value at October 31, 2010	Foreign Exchange Contracts	Equity Contracts
Enhanced U.S. Large Company Portfolio	$10,531	$124	$10,407*
		Liability Derivatives Value
	Total Value at October 31, 2010	Foreign Exchange Contracts	Equity Contracts
Enhanced U.S. Large Company Portfolio	$297	$297	—

* Includes cumulative appreciation (depreciation) of futures contracts. Only current day’s margin variation is reported within the Statement of Assets and Liabilities.

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 Portfolio’s derivative instrument holdings through the year ended October 31, 2010 (amounts in thousands):

Derivative Type	Location of Gain (Loss) on Derivatives Recognized in Income
Foreign exchange contracts	Net Realized Gain (Loss) on: Foreign Currency Transactions Change in Unrealized Appreciation (Depreciation) of: Translation of Foreign Currency Denominated Amounts
Equity contracts	Net Realized Gain (Loss) on: Futures Change in Unrealized Appreciation (Depreciation) of: Futures

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 through the year ended October 31, 2010 (amounts in thousands):

	Realized Gain (Loss) on Derivatives Recognized in Income
				Foreign
				Exchange			Equity
	Total			Contracts			Contracts
Enhanced U.S. Large Company Portfolio	$	15,133		$	6		$	15,127
U.S. Targeted Value Portfolio*		(256	)		—			(256	)
	Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income
	Total			Foreign Exchange Contracts			Equity Contracts
Enhanced U.S. Large Company Portfolio	$	8,490		$	(212	)	$	8,702

*As of October 31, 2010, there were no futures contracts outstanding. During the year ended October 31, 2010, the Portfolio had limited activity in futures contracts.

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I. Line of Credit:

The Fund, together with other Dimensional-advised portfolios, has entered into an amended and restated $250 million unsecured discretionary line of credit effective July 8, 2009 with an affiliate of its domestic custodian bank. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $250 million, as long as total borrowings under the line of credit do not exceed $250 million in the aggregate. Borrowings under the line of credit are charged interest at rates agreed to 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 line of credit is scheduled to expire on June 21, 2011.

For the year ended October 31, 2010, borrowings by the Portfolios under this line of credit were as follows (amounts in thousands, except percentages and days):

	Weighted Average Interest Rate			Weighted Average Loan Balance		Number of Days Outstanding		Interest Expense Incurred		Maximum Amount Borrowed During       the Period
U.S. Targeted Value Portfolio		1.87	%	$	6,228		26	$	8	$	18,056
U.S. Small Cap Value Portfolio		1.93	%		8,960		68		33		30,918
U.S. Vector Equity Portfolio		1.98	%		966		6		—		2,221
U.S. Small Cap Portfolio		1.99	%		10,715		10		6		20,785
U.S. Micro Cap Portfolio		1.98	%		3,162		50		9		15,352
DFA Real Estate Securities Portfolio		1.95	%		2,869		114		18		11,404
DFA Global Real Estate Securities Portfolio		1.92	%		2,567		47		6		17,848

There were no outstanding borrowings by the Portfolios under this line of credit as of October 31, 2010.

The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $500 million unsecured line of credit effective January 15, 2010 with its international custodian bank. 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. 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 to by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the line of credit expires on January 15, 2011.

For the year ended October 31, 2010, borrowings by the Portfolios under this line of credit were as follows (amounts in thousands, except percentages and days):

	Weighted Average Interest Rate			Weighted Average Loan Balance		Number of Days Outstanding		Interest Expense Incurred		Maximum Amount Borrowed During       the Period
U.S. Small Cap Value Portfolio		0.90	%	$	903		3		—	$	903
U.S. Core Equity 1 Portfolio		0.94	%		7,563		2		—		8,197
U.S. Micro Cap Portfolio		0.96	%		21		1		—		21
DFA Real Estate Securities Portfolio		0.95	%		266		4		—		271
Large Cap International Portfolio		0.92	%		2,433		14	$	1		6,118
International Small Company Portfolio		0.90	%		5,222		15		2		12,990
DFA International Real Estate
Securities Portfolio		0.89	%		6,293		33		5		22,677
DFA International Small Cap Value Portfolio		0.90	%		7,963		46		9		31,973
International Vector Equity Portfolio		0.95	%		1,512		16		1		4,313
Emerging Markets Core Equity Portfolio		0.93	%		3,739		17		2		15,531

There were no outstanding borrowings by the Portfolios under this line of credit as of October 31, 2010.

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J. Securities Lending:

As of October 31, 2010, some of the Portfolios had securities on loan to brokers/dealers, for which each Portfolio received cash collateral. Each Portfolio 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 equal to at least (i) 100% of the current market value of the loaned securities with respect to securities of the U.S. government or its agencies, (ii) 102% of the current market value of the loaned securities with respect to U.S. securities, and (iii) 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.

Subject to their stated investment policies, each Portfolio will generally invest the cash collateral received for the loaned securities in The DFA Short Term Investment Fund (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. Each Portfolio also may invest the cash collateral received for the loaned securities in securities of the U.S. government or its agencies, repuchase 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 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.

K. Shareholder Servicing Fees:

The Class R1 Shares pay a shareholder servicing fee in the amount of 0.10% and Class R2 Shares pay a shareholder servicing fee in the amount of 0.25% of their annual average net assets to compensate service agents that provide shareholder servicing, record keeping, account maintenance and other services to investors in U.S. Targeted Value Portfolio Class R1 and Class R2 Shares and Emerging Markets Value Portfolio Class R2 Shares.

L. 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 which 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.

M. In-Kind Redemptions:

In accordance with guidelines described in the Portfolios’ prospectus, the fund may distribute portfolio securities rather than cash as payment for a redemption of fund shares (in-kind redemption). For financial reporting purposes, the fund recognizes a gain on in-kind redemptions to the extent the value of the distributed securities on the date of redemption exceeds the cost of those securities. Gains and losses realized on in-kind redemptions are not recognized for tax purposes and are reclassified from undistributed realized gain (loss) to paid-in capital.

During the year ended October 31, 2010, U.S. Small Cap Value Portfolio realized net gains of in-kind redemptions in the amount of $56,505 (amount in thousands).

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N. Recently Issued Accounting Standards:

In January 2010, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2010-06 “Improving Disclosures about Fair Value Measurements.” ASU No. 2010-06 amends FASB Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures, to require additional disclosures in the roll forward of activity in Level 3 fair value measurements effective for interim and annual reporting periods beginning after December 15, 2010. Management is currently evaluating the impact ASU No. 2010-06 will have on its financial statement disclosures.

O. Other:

At October 31, 2010, the following number of shareholders held the following approximate percentages of outstanding shares of the Portfolios. One or more of the shareholders may be omnibus accounts, which typically hold shares for the benefit of several other underlying investors.

	Number of Shareholders	Approximate Percentage of Outstanding Shares
Enhanced U.S. Large Company Portfolio — Institutional Class Shares	3	83%
U.S. Large Cap Value Portfolio — Institutional Class Shares	3	79%
U.S. Targeted Value Portfolio — Class R1 Shares	1	95%
U.S. Targeted Value Portfolio — Class R2 Shares	2	86%
U.S. Targeted Value Portfolio — Institutional Class Shares	2	59%
U.S. Small Cap Value Portfolio — Institutional Class Shares	2	53%
U.S. Core Equity 1 Portfolio — Institutional Class Shares	3	65%
U.S. Core Equity 2 Portfolio — Institutional Class Shares	3	67%
U.S. Vector Equity Portfolio — Institutional Class Shares	4	89%
U.S. Small Cap Portfolio — Institutional Class Shares	3	53%
U.S. Micro Cap Portfolio — Institutional Class Shares	2	58%
DFA Real Estate Securities Portfolio — Institutional Class Shares	3	74%
Large Cap International Portfolio — Institutional Class Shares	2	73%
International Core Equity Portfolio — Institutional Class Shares	3	70%
International Small Company Portfolio — Institutional Class Shares	2	50%
Japanese Small Company Portfolio — Institutional Class Shares	3	68%
Asia Pacific Small Company Portfolio — Institutional Class Shares	3	81%
United Kingdom Small Company Portfolio — Institutional Class Shares	2	89%
Continental Small Company Portfolio — Institutional Class Shares	4	84%
DFA International Real Estate Securities Portfolio — Institutional Class Shares	3	84%
DFA Global Real Estate Securities Portfolio — Institutional Class Shares	2	87%
DFA International Small Cap Value Portfolio — Institutional Class Shares	2	47%
International Vector Equity Portfolio — Institutional Class Shares	3	87%
Emerging Markets Portfolio — Institutional Class Shares	3	66%
Emerging Markets Small Cap Portfolio — Institutional Class Shares	1	29%
Emerging Markets Value Portfolio — Class R2 Shares	1	81%
Emerging Markets Value Portfolio — Institutional Class Shares	2	27%
Emerging Markets Core Equity Portfolio — Institutional Class Shares	2	60%

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 filed an action against all shareholders of The Tribune Company who tendered shares when the Tribune Company went private in 2007 in a leveraged buy out transaction, seeking the return of all proceeds received by the shareholders). Although management currently believes

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that resolving claims against us, individually or in aggregate, will not have a material adverse impact on our financial position, our 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.

P. Subsequent Event Evaluations:

Management has evaluated the impact of all subsequent events on the Portfolios and has determined that the following subsequent event requires recognition or disclosure in the financial statements.

On October 29, 2010, the Board of Directors/Trustees adopted a Plan of Recapitalization of U.S. Targeted Value Portfolio’s Class R1 and Class R2 Shares. On November 19, 2010, a reverse stock split was executed whereby each shareholder of Class R1 Shares received one share for every 1.469 shares held and each shareholder of Class R2 Shares received one share for every 1.394 shares held. The purpose of the reverse split was to reduce the number of Class R1 Shares and Class R2 Shares, thereby increasing the net asset value of each Class R1 Share and Class R2 Share outstanding in order to more closely align the net asset values with the net asset value of U.S. Targeted Value Portfolio’s Institutional Class Shares. The per share data in the financial highlights, capital share activity in the statements of changes in net assets and the outstanding shares and net asset value as of October 31, 2010 in the statement of assets and liabilities have been retroactively restated to reflect the reverse stock splits for the respective Class R1 Shares and Class R2 Shares.

The Board of Directors/Trustees of DFA Investment Dimensions Group Inc. authorized the conversion of the Class R2 Shares of Emerging Markets Value Portfolio to the Class R2A Shares, a new class of shares. The Class R2 Shares of Emerging Markets Value Portfolio ceased to be offered and available for purchase upon the close of business on December 3, 2010. Following the conversion, shareholders and investors purchase and redeem class R2A Shares of the Portfolio.

A class action complaint (the “Complaint”) has been filed in the bankruptcy case of the Tribune Company (the “Tribune”) in the United States Bankruptcy Court for the District of Delaware. The Complaint is against The U.S. Large Cap Value Series and all other Tribune shareholders as a group, which includes hundreds of mutual funds, institutional investors and others who sold shares of Tribune in 2007 when the Tribune became private in a leveraged buyout transaction (the “LBO Transaction”). The U.S. Large Cap Value Series, and all shareholders who participated in the LBO Transaction, received cash in the amount of $34 per share. The Complaint alleges that this transfer violated the rights of creditors and that the cash paid to shareholders in connection with the LBO Transaction should be paid back to the Tribune’s bankruptcy estate and used to pay creditors.

Litigation counsel to The U.S. Large Cap Value Series does not believe that it is possible, at this early stage in the proceedings, to predict with any reasonable certainty the probable outcome of the lawsuit or quantify the potential ultimate exposure to The U.S. Large Cap Value Series. However, even if the plaintiff in the lawsuit were to obtain the recovery it seeks, the amount would be less than 1% of The U.S. Large Cap Value Series’ net asset value at this time. The U.S. Large Cap Value Series’ litigation counsel does not believe at this time that recovery of the full amount the plaintiff seeks is a likely outcome.

Since The U.S. Large Cap Value Series cannot predict with reasonable specificity what the actual outcome of the lawsuit may be or what the size of The U.S. Large Cap Value Series might be at the time the outcome of the lawsuit may be determined, no deduction from the net asset value of The U.S. Large Cap Value Series will be made at this time. Therefore, at this time, those buying or redeeming shares of The U.S. Large Cap Value Series will pay or receive, as the case may be, a price based on net asset value of The U.S. Large Cap Value Series, with no deduction relating to the lawsuit. The attorneys’ fees and costs relating to the lawsuit will be taken as expenses by The U.S. Large Cap Value Series as incurred and in a manner similar to any other expense incurred by The U.S. Large Cap Value Series.

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of the Portfolios, as defined, and

Board of Directors of DFA Investment Dimensions Group Inc.:

In our opinion, the accompanying statements of assets and liabilities, including the schedules of investments/ summary schedules of portfolio holdings, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Enhanced U.S. Large Company Portfolio, U.S. Large Cap Value Portfolio, U.S. Targeted Value Portfolio, U.S. Small Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Core Equity 2 Portfolio, U.S. Vector Equity Portfolio, U.S. Small Cap Portfolio, U.S. Micro Cap Portfolio, DFA Real Estate Securities Portfolio, Large Cap International Portfolio, International Core Equity Portfolio, International Small Company Portfolio, Japanese Small Company Portfolio, Asia Pacific Small Company Portfolio, United Kingdom Small Company Portfolio, Continental Small Company Portfolio, DFA International Real Estate Securities Portfolio, DFA Global Real Estate Securities Portfolio, DFA International Small Cap Value Portfolio, International Vector Equity Portfolio, Emerging Markets Portfolio, Emerging Markets Small Cap Portfolio, Emerging Markets Value Portfolio and Emerging Markets Core Equity Portfolio (constituting portfolios within DFA Investment Dimensions Group Inc., hereafter referred to as the “Portfolios”) at October 31, 2010, the results of each of their operations, the changes in each of their net assets and the financial highlights for each of the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as “financial statements”) are the responsibility of the Portfolios’ management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at October 31, 2010 by correspondence with the custodians, brokers, and the transfer agents of the investee funds, provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 22, 2010

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DIMENSIONAL INVESTMENT GROUP INC.

PERFORMANCE CHARTS

159

DIMENSIONAL INVESTMENT GROUP INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS

International Equity Market Review 12 Months Ended October 31, 2010

The one-year period ending October 31, 2010, was characterized by relatively high levels of volatility in non-US developed markets. Broad market returns were positive, with stocks represented by the MSCI World ex USA Index (net dividends) returning 9.61%.

While market returns were positive in November and December of 2009, high volatility over the next five months — punctuated by an 11% drop in May — took developed non-US stocks to their lows for the fiscal year. In June, stocks began a sharp rise which continued through the remainder of the fiscal year as global economic data generally improved. As measured by the MSCI indices, growth stocks outperformed their value counterparts, while small cap stocks outperformed large caps.

12 Months Ended October 31, 2010
	U.S. Dollar Return
MSCI World ex USA Index		9.61%
MSCI World ex USA Small Cap Index		17.23%
MSCI World ex USA Value Index		6.38%
MSCI World ex USA Growth Index		12.87%

The performance of the US dollar (USD) was mixed against other major developed markets currencies during the period. While the USD rose slightly against the euro and British pound, it fell against most other G10 currencies, and in particular against the Japanese yen.

12 Months Ended October 31, 2010
Ten Largest Foreign Developed Markets by Market Cap	Local Currency Return		U.S. Dollar Return
United Kingdom		16.07%		12.58%
Japan		-6.76%		4.78%
Canada		15.83%		22.62%
France		11.80%		5.31%
Australia		3.70%		12.50%
Germany		20.61%		13.61%
Switzerland		5.53%		9.90%
Spain		-2.96%		-8.59%
Sweden		17.82%		23.94%
Italy		0.69%		-5.14%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2010, all rights reserved.

Gains in emerging markets were higher on average than in developed markets, although results varied widely among the individual emerging markets countries. For the one-year period ended October 31, 2010, returns in US dollars were 23.56% for the MSCI Emerging Markets Index (net dividends) versus 9.61% for the MSCI World ex USA Index (net dividends). As measured by the MSCI indices, emerging markets growth stocks outperformed their value counterparts, while emerging markets small cap stocks outperformed large caps.

160

12 Months Ended October 31, 2010
	U.S. Dollar Return
MSCI Emerging Markets Index		23.56%
MSCI Emerging Markets Small Cap Index		37.02%
MSCI Emerging Markets Value Index		21.96%
MSCI Emerging Markets Growth Index		25.17%

The US dollar (USD) generally depreciated against most major emerging markets currencies during the period, increasing most local country returns when denominated in USD.

12 Months Ended October 31, 2010
Ten Largest Emerging Markets by Market Cap	Local Currency Return		U.S. Dollar Return
China		11.14%		11.11%
Brazil		11.67%		14.86%
South Korea		18.52%		24.52%
Taiwan		13.20%		20.23%
India		27.64%		34.93%
South Africa		18.71%		33.55%
Russia		19.19%		13.38%
Mexico		25.55%		33.87%
Malaysia		23.94%		35.93%
Indonesia		41.78%		51.50%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2010, all rights reserved.

Master-Feeder Structure

The Portfolio described below, called a “Feeder Fund”, does not buy individual securities directly; instead, the Portfolio invests in a corresponding fund called a “Master Fund”. The Master Fund, in turn, purchases stocks and/or other securities.

International Equity Portfolio Performance Overview

DFA International Value Portfolio

The DFA International Value Portfolio seeks to capture the returns of international large company value stocks by purchasing shares of a Master Fund that invests in such stocks. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to large cap value stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Master Fund held 528 stocks in 23 developed countries. In general, the Master Fund was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Master Fund’s assets.

For the 12 months ended October 31, 2010, total returns were 10.94% for the Portfolio’s Institutional Class shares, 10.60% for the Portfolio’s Class R2 shares, and 9.61% for the MSCI World ex USA Index (net dividends). The MSCI Standard benchmarks indicate that on the whole, growth stocks outperformed value stocks in international developed markets during the period. However, stocks in the deeper value segment of the market outperformed growth stocks on average. The Master Fund’s greater allocation than the Index to these deeper value stocks contributed to relative performance. An additional component of the Portfolio’s outperformance is due to differences in valuation timing and methodology between the Master Fund and the Index. The Master Fund prices

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foreign exchange rates at the closing of the U.S. markets while the Index uses rates at 4 pm London time. The Master Fund utilizes fair value pricing to price portfolio securities at the closing of the U.S. markets while the Index uses local market closing prices.

U.S. Equity Market Review 12 Months Ended October 31, 2010

The year ending October 31, 2010, was a relatively volatile period for U.S. equities. Broad market returns were positive, with the Russell 3000^® Index returning 18.34%. Stocks represented by the Russell Midcap^® Index outperformed those within both the Russell 2000^® Index (small caps) and the Russell 1000^® Index (large caps). Meanwhile, stocks represented by the Russell 1000^® Growth Index outperformed those represented by the Rus-sell 1000^® Value Index.

While market returns were positive through April 2010, stocks retreated in May and June, marking new lows for the fiscal year in early July. Then in September, stocks began a sharp rise which continued through October. Over the course of the fiscal year, the small company premium within the Russell 3000^® Index was positive, while the value premium was negative as investors’ risk tolerance shifted, and general economic conditions evolved.

Among the most important factors explaining differences in the behavior of diversified equity portfolios are the company size and company value/growth characteristics of the portfolio’s holdings. Size is measured by market capitalization, and value classification is a function of stock price relative to one or more fundamental characteristics. Compared to other stocks, value stocks often have lower market value relative to their earnings, dividends, and book value.

For the 12 months ended October 31, 2010, the total return of the Russell Microcap^® Index was 25.08%, the Russell 2000^® Index was 26.57%, the CRSP 6-10 Index was 28.76%, and the MSCI US Small Cap 1750 Index was 28.35%. Large cap growth stocks outperformed large cap value stocks, as measured by the Russell 1000^® Growth Index and Russell 1000^® Value Index. Small cap growth stocks outperformed small cap value stocks as measured by the Russell 2000^® Growth Index and Russell 2000^® Value Index.

12 Months Ended October 31, 2010

	U.S. Dollar Return
Russell 2000® Index (small cap companies)		26.57%
Russell Midcap® Index (mid cap companies)		27.73%
Russell 1000® Index (large cap companies)		17.65%
Russell 3000® Value Index		16.41%
Russell 3000® Growth Index		20.32%

Further dividing the large, mid, and small cap market segments by value and growth characteristics shows more detail in the performance differences over the period.

Total Return for 12 Months Ended October 31, 2010

Russell 1000® Value Index (large cap value companies)	15.72%
Russell 1000® Growth Index (large cap growth companies)	19.66%
Russell Midcap® Value Index (mid cap value companies)	27.50%
Russell Midcap® Growth Index (mid cap growth companies)	28.03%
Russell 2500® Value Index (small/mid cap value companies)	26.89%
Russell 2500® Growth Index (small/mid cap growth companies)	28.76%
Russell 2000® Value Index (small cap value companies)	24.43%
Russell 2000® Growth Index (small cap growth companies)	28.66%

Source: Russell data copyright ^© Russell Investment Group 1995-2010, all rights reserved.

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Differences in returns for the various Dimensional U.S. equity funds over the 12 months ended October 31, 2010 were attributable primarily to differences in value/growth and size characteristics as well as the exclusion of REIT securities from most Dimensional portfolios, except for the DFA Real Estate Securities Portfolio and the U.S. Large Company Portfolio. Moreover, the portfolio construction approach used by Dimensional Fund Advisors (the “Advisor”) generally resulted in portfolios with greater emphasis on value or small company characteristics relative to widely used index benchmarks.

Domestic Equity Series’ Performance Overview

U. S. Large Company Portfolio

U.S. Large Company Portfolio seeks to approximate the returns of the S&P 500 Index^® by investing in S&P 500^® Index stocks in approximately the same proportions as they are represented in the Index. The Portfolio was mostly invested in equities throughout the year. The average cash level for the period was less than 1% of the Portfolio’s assets.

For the 12 months ended October 31, 2010, the total return was 16.47% for the Portfolio and 16.52% for the S&P 500^® Index. Relative to the Index, no single security in the Portfolio added or detracted more than 0.01% in performance. The Portfolio’s underperformance was primarily attributable to fees and expenses assessed to the Portfolio but not the Index.

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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 October 31, 2010

EXPENSE TABLES

	Beginning Account Value 05/01/10		Ending Account Value 10/31/10		Annualized Expense Ratio*		Expenses Paid During Period*
DFA International Value Portfolio**
Actual Fund Return
Class R2 Shares	$	1,000.00	$	1,061.40		0.72%		$3.74
Institutional Class Shares	$	1,000.00	$	1,062.70		0.45%		$2.34
Hypothetical 5% Annual Return
Class R2 Shares	$	1,000.00	$	1,021.58		0.72%		$3.67
Institutional Class Shares	$	1,000.00	$	1,022.94		0.45%		$2.29

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DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning Account Value 05/01/10		Ending Account Value 10/31/10		Annualized Expense Ratio*	Expenses Paid During Period*
U.S. Large Company Portfolio***
Actual Fund Return	$	1,000.00	$	1,006.90	0.10%	$0.51
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.70	0.10%	$0.51

* 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 (184), then divided by the number of days in the year (365) to reflect the six-month period.

** The Portfolio is a Feeder Fund. The expenses shown reflect the direct expenses of the Feeder Fund and the indirect payment of the Feeder Fund’s portion of the expenses of its Master Fund (Affiliated Investment Company).

*** Effective September 10, 2010, the Portfolio invests directly in securities rather than through The U.S. Large Company Series. The expenses shown reflect the direct expenses of the Portfolio and the indirect payments of the Portfolio’s portion of the expenses, for the period May 1, 2010 through September 9, 2010 of The U.S. Large Company Series (Affiliated Investment Company).

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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 September 29, 2010. It is 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).

SEC regulations permit a fund to include in its reports to shareholders a “Summary Schedule of Portfolio Holdings” in lieu of a full Schedule of Investments. The Summary Schedule of Portfolio Holdings reports the fund’s 50 largest holdings in unaffiliated issuers and any investments that exceed one percent of the fund’s net assets at the end of the reporting period. The amendments also require that the Summary Schedule of Portfolio Holdings identify each category of investments that are held.

The fund is required to file a complete Schedule of Investments with the SEC on Form N-CSR within ten days after mailing the annual and semi-annual reports to shareholders. It will be 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 of industry classification for the Affiliated Investment Company is represented in the Disclosure of Portfolio Holdings, which is included elsewhere within the report. Refer to the Summary Schedule of Portfolio Holdings for the underlying Master Fund’s holdings which reflects the investments by country.

FEEDER FUND

	Affiliated Investment Companies
DFA International Value Portfolio	100.0%

DOMESTIC EQUITY PORTFOLIO

U.S. Large Company Portfolio
Consumer Discretionary	10.6%
Consumer Staples	11.1%
Energy	11.1%
Financials	14.0%
Health Care	11.5%
Industrials	10.7%
Information Technology	19.3%
Materials	3.7%
Real Estate Investment Trusts	1.3%
Telecommunication Services	3.1%
Utilities	3.6%
	100.0%

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DFA INTERNATIONAL VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS

October 31, 2010

	Value†
AFFILIATED INVESTMENT COMPANY — (100.0%)
Investment in The DFA International Value Series of
The DFA Investment Trust Company	$	5,163,849,756
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $4,006,520,351)	$	5,163,849,756

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Affiliated Investment Company	$	5,163,849,756		—		—	$	5,163,849,756

See accompanying Notes to Financial Statements.

167

U.S. LARGE COMPANY PORTFOLIO

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value†		Percentage     of Net Assets**
COMMON STOCKS — (90.2%)
Consumer Discretionary — (9.6%)
*Amazon.com, Inc.		120,886	$	19,963,114		0.5%
*Comcast Corp. Class A.		959,002		19,736,261		0.5%
#*Ford Motor Co.		1,175,210		16,605,717		0.5%
#*Home Depot, Inc.		569,030		17,571,646		0.5%
*McDonald’s Corp.		363,682		28,283,549		0.8%
Walt Disney Co. (The)		653,534		23,599,113		0.6%
Other Securities				263,105,250		7.1%
Total Consumer Discretionary				388,864,650		10.5%
Consumer Staples — (10.1%)
Altria Group, Inc.		712,088		18,101,277		0.5%
Coca-Cola Co. (The)		789,139		48,390,003		1.3%
Kraft Foods, Inc.		595,941		19,231,016		0.5%
*PepsiCo, Inc.		543,619		35,498,321		0.9%
Philip Morris International, Inc.		626,288		36,637,848		1.0%
*Procter & Gamble Co. (The)		969,903		61,656,734		1.7%
*Wal-Mart Stores, Inc.		683,431		37,021,457		1.0%
Other Securities				152,042,306		4.1%
Total Consumer Staples				408,578,962		11.0%
Energy — (10.0%)
*Chevron Corp.		687,017		56,754,474		1.5%
*ConocoPhillips		506,863		30,107,662		0.8%
*Exxon Mobil Corp.		1,739,862		115,648,627		3.1%
Occidental Petroleum Corp.		277,542		21,823,127		0.6%
*Schlumberger, Ltd.		466,881		32,630,313		0.9%
Other Securities				149,025,047		4.0%
Total Energy				405,989,250		10.9%
Financials — (12.6%)
*Bank of America Corp.		3,428,552		39,222,635		1.1%
*Berkshire Hathaway, Inc.		591,097		47,027,677		1.3%
*Citigroup, Inc.		8,712,164		36,329,724		1.0%
*Goldman Sachs Group, Inc. (The)		176,184		28,356,815		0.8%
*JPMorgan Chase & Co.		1,354,892		50,984,586		1.4%
U.S. BanCorp.		655,091		15,840,100		0.4%
*Wells Fargo & Co.		1,788,254		46,637,664		1.2%
Other Securities				247,090,213		6.6%
Total Financials				511,489,414		13.8%
Health Care — (10.3%)
*Abbott Laboratories		527,592		27,076,021		0.8%
*Amgen, Inc.		327,508		18,730,183		0.5%
Bristol-Myers Squibb Co.		585,958		15,762,270		0.4%
*Johnson & Johnson		941,189		59,925,504		1.6%
Merck & Co., Inc.		1,051,605		38,152,229		1.0%
*Pfizer, Inc.		2,746,669		47,792,041		1.3%
Other Securities				212,476,738		5.7%
Total Health Care				419,914,986		11.3%
Industrials — (9.6%)
*3M Co.		243,676		20,522,393		0.5%
*Boeing Co. (The)		250,013		17,660,918		0.5%
#*Caterpillar, Inc.		215,430		16,932,798		0.5%
General Electric Co.		3,653,176		58,523,880		1.6%
*Union Pacific Corp.		170,017		14,907,091		0.4%

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U.S. LARGE COMPANY PORTFOLIO

CONTINUED

	Shares		Value†		Percentage     of Net Assets**
Industrials — (Continued)
*United Parcel Service, Inc.		338,519	$	22,795,869		0.6%
*United Technologies Corp.		317,461		23,736,559		0.6%
Other Securities				215,689,335		5.8%
Total Industrials				390,768,843		10.5%
Information Technology — (17.4%)
*Apple, Inc.		312,163		93,920,482		2.5%
*Cisco Sytems, Inc.		1,951,493		44,552,585		1.2%
*Google, Inc.		84,943		52,069,210		1.4%
Hewlett-Packard Co.		774,884		32,591,621		0.9%
*Intel Corp.		1,902,579		38,184,761		1.0%
*International Business Machines Corp.		430,976		61,888,154		1.7%
*Microsoft Corp.		2,602,083		69,319,491		1.9%
*Oracle Corp.		1,322,445		38,879,883		1.0%
*QUALCOMM, Inc.		548,493		24,753,489		0.7%
Other Securities				251,183,243		6.7%
Total Information Technology				707,342,919		19.0%
Materials — (3.4%)
*Freeport-McMoRan Copper & Gold, Inc. Class B		160,746		15,219,431		0.4%
Other Securities				120,929,347		3.3%
Total Materials				136,148,778		3.7%
Real Estate Investment Trusts — (1.2%)
Other Securities				49,213,837		1.3%
Telecommunication Services — (2.8%)
*AT&T, Inc.		2,019,098		57,544,293		1.6%
*Verizon Communications, Inc.		965,894		31,362,578		0.8%
Other Securities				25,458,180		0.7%
Total Telecommunication Services				114,365,051		3.1%
Utilities — (3.2%)
Other Securities				131,922,829		3.6%
TOTAL COMMON STOCKS				3,664,599,519		98.7%
TEMPORARY CASH INVESTMENTS — (1.0%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		41,853,441		41,853,441		1.1%
SECURITIES LENDING COLLATERAL — (8.8%)
§@DFA Short Term Investment Fund		355,223,607		355,223,607		9.6%
TOTAL INVESTMENTS — (100.0%)
(Cost $3,163,040,809)			$	4,061,676,567		109.4%

169

U.S. LARGE COMPANY PORTFOLIO

CONTINUED

Summary of inputs used to value the Portfolio’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	388,864,650		—		—	$	388,864,650
Consumer Staples		408,578,962		—		—		408,578,962
Energy		405,989,250		—		—		405,989,250
Financials		511,489,414		—		—		511,489,414
Health Care		419,914,986		—		—		419,914,986
Industrials		390,768,843		—		—		390,768,843
Information Technology		707,342,919		—		—		707,342,919
Materials		136,148,778		—		—		136,148,778
Real Estate Investment Trusts		49,213,837		—		—		49,213,837
Telecommunication Services		114,365,051		—		—		114,365,051
Utilities		131,922,829		—		—		131,922,829
Temporary Cash Investments		41,853,441		—		—		41,853,441
Securities Lending Collateral		—	$	355,223,607		—		355,223,607
Futures Contracts**		1,447,110		—		—		1,447,110
TOTAL	$	3,707,900,070	$	355,223,607		—	$	4,063,123,677

** Not reflected in the Summary Schedule of Portfolio Holdings, valued at the unrealized appreciation/(depreciation) on the investment.

See accompanying Notes to Financial Statements.

170

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENTS OF ASSETS AND LIABILITIES

October 31, 2010

(Amounts in thousands, except share and per share amounts)

	DFA International Value Portfolio			U.S. Large Company Portfolio
ASSETS:
Investments in Affiliated Investment Company at Value	$	5,163,850			—
Investments at Value (including $0 and $343,476 of securities on loan, respectively)		—		$	3,664,600
Temporary Cash Investments at Value & Cost		—			41,853
Collateral Received from Securities on Loan at Value & Cost		—			355,224
Cash		—			4,410
Receivables:
Dividends and Interest		—			4,220
Securities Lending Income		—			29
Fund Shares Sold		4,559			1,411
Futures Margin Variation		—			5
Prepaid Expenses and Other Assets		55			58
Total Assets		5,168,464			4,071,810
LIABILITIES:
Payables:
Upon Return of Securities Loaned		—			355,224
Affiliated Investment Company Purchased		817			—
Fund Shares Redeemed		3,742			2,703
Due to Advisor		857			188
Accrued Expenses and Other Liabilities		239			722
Total Liabilities		5,655			358,837
NET ASSETS	$	5,162,809		$	3,712,973
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE:
Class R2 Shares — based on net assets of $4,952 and $0 and shares outstanding of 277,960 and 0, respectively (Note O)	$	17.82			N/A
NUMBER OF SHARES AUTHORIZED		100,000,000			N/A
Institutional Class Shares — based on net assets of $5,157,857 and $3,712,973 and shares outstanding of 289,683,614 and 397,379,701, respectively	$	17.81		$	9.34
NUMBER OF SHARES AUTHORIZED		1,500,000,000			900,000,000
Investment in Affiliated Investment Company at Cost	$	4,006,520		$	—
Investments at Cost	$	—		$	2,765,964
NET ASSETS CONSIST OF:
Paid-In Capital	$	5,083,325		$	3,444,337
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)		14,433			9,631
Accumulated Net Realized Gain (Loss)		(1,092,801	)		(641,077	)
Net Unrealized Foreign Exchange Gain (Loss)		522			—
Net Unrealized Appreciation (Depreciation)		1,157,330			900,082
NET ASSETS	$	5,162,809		$	3,712,973

See accompanying Notes to Financial Statements.

171

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2010

(Amounts in thousands)

	DFA International Value Portfolio*			U.S. Large Company Portfolio**
Investment Income
Dividends (Net of Foreign Taxes Withheld of $11,175 and $0, respectively)	$	123,700		$	44,967
Interest		27			25
Income from Securities Lending		6,128			296
Expenses Allocated from Affiliated Investment Company		(11,008	)		(730	)
Total Investment Income		118,847			44,558
Expenses
Investment Advisory Services Fees		—			127
Administrative Services Fees		9,323			1,076
Accounting & Transfer Agent Fees		79			91
Shareholder Servicing Fees — Class R2 Shares		11			—
S&P 500® Fees		—			17
Custodian Fees		—			10
Filing Fees		147			241
Shareholders’ Reports		115			71
Directors’/Trustees’ Fees & Expenses		45			16
Professional Fees		104			86
Other		43			15
Total Expenses		9,867			1,750
Fees Waived, Expenses Reimbursed, and/or Previously Waived Fees Recovered by Advisor (Note C)		—			(317	)
Net Expenses		9,867			1,433
Net Investment Income (Loss)		108,980			43,125
Realized and Unrealized Gain (Loss)
Capital Gain Distributions Received from Investment Securities		—			81
Net Realized Gain (Loss) on:
Investment Securities Sold		255,538			(88,214	)
Futures		—			76
Foreign Currency Transactions		(99	)		—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		138,488			688,388
Futures		—			(3,735	)
Translation of Foreign Currency Denominated Amounts		342			—
Net Realized and Unrealized Gain (Loss)		394,269			596,596
Net Increase (Decrease) in Net Assets Resulting from Operations	$	503,249		$	639,721

* Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

** For the period November 1, 2009 through September 9, 2010, Investment Income and Realized and Unrealized Gain (Loss) were allocated from the Portfolio’s Master Fund (Affiliated Investment Company).

See accompanying Notes to Financial Statements.

172

DIMENSIONAL INVESTMENT GROUP INC.

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	DFA International Value Portfolio						U.S. Large Company Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct.  31, 2009
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	108,980		$	106,511		$	43,125		$	17,245
Capital Gain Distributions Received from Investment Securities		—			—			81			—
Net Realized Gain (Loss) on:
Investment Securities Sold		255,538			45,432			(88,214	)		(37,974	)
Futures		—			(824	)		76			12,592
Foreign Currency Transactions		(99	)		2,711			—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		138,488			988,043			688,388			73,084
Futures		—			—			(3,735	)		1,948
Translation of Foreign Currency Denominated Amounts		342			172			—			—
Net Increase (Decrease) in Net Assets Resulting from Operations		503,249			1,142,045			639,721			66,895
Distributions From:
Net Investment Income:
Class R2 Shares		(249	)		(208	)		—			—
Institutional Class Shares		(107,160	)		(105,492	)		(35,473	)		(18,243	)
Total Distributions		(107,409	)		(105,700	)		(35,473	)		(18,243	)
Capital Share Transactions (1):
Shares Issued		1,032,364			1,077,621			3,071,799			156,796
Shares Issued in Lieu of Cash Distributions		101,479			98,218			30,048			17,318
Shares Redeemed		(808,163	)		(1,124,340	)		(778,811	)		(166,295	)
Net Increase (Decrease) from Capital Share Transactions		325,680			51,499			2,323,036			7,819
Total Increase (Decrease) in Net Assets		721,520			1,087,844			2,927,284			56,471
Net Assets
Beginning of Period		4,441,289			3,353,445			785,689			729,218
End of Period	$	5,162,809		$	4,441,289		$	3,712,973		$	785,689
(1) Shares Issued and Redeemed:
Shares Issued		62,742			85,208			350,368			22,124
Shares Issued in Lieu of Cash Distributions		6,675			7,223			3,492			2,474
Shares Redeemed		(49,142	)		(90,150	)		(52,726	)		(24,057	)
Shares Reduced by Reverse Stock Split (Note O)		(453	)		—			—			—
Net Increase (Decrease) from Shares Issued and Redeemed		19,822			2,281			301,134			541
Undistributed Net Investment Income (Distributions in Excess of Net Investment Income)	$	14,433		$	12,961		$	9,631		$	2,126

See accompanying Notes to Financial Statements.

173

DIMENSIONAL INVESTMENT GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	DFA International Value Portfolio- Class R2 Shares†									DFA International Value Portfolio- Institutional Class Shares
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period April 30, 2008(a) to Oct. 31, 2008			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Net Asset Value, Beginning of Period	$	17.13		$	13.58		$	26.31		$	16.46		$	12.54		$	25.51		$	22.71		$	17.67		$	15.73
Income from Investment Operations
Net Investment Income (Loss)		0.37	(A)		0.42	(A)		0.66	(A)		0.39	(A)		0.40	(A)		0.74	(A)		0.72	(A)		0.66	(A)		0.48
Net Gains (Losses) on Securities (Realized and Unrealized)		1.29			4.10			(11.73	)		1.34			3.92			(12.44	)		3.09			5.37			1.89
Total from Investment Operations		1.66			4.52			(11.07	)		1.73			4.32			(11.70	)		3.81			6.03			2.37
Less Distributions
Net Investment Income		(0.97	)		(0.97	)		(1.66	)		(0.38	)		(0.40	)		(0.78	)		(0.63	)		(0.65	)		(0.42	)
Net Realized Gains		—			—			—			—			—			(0.49	)		(0.38	)		(0.34	)		(0.01	)
Total Distributions		(0.97	)		(0.97	)		(1.66	)		(0.38	)		(0.40	)		(1.27	)		(1.01	)		(0.99	)		(0.43	)
Net Asset Value, End of Period	$	17.82		$	17.13		$	13.58		$	17.81		$	16.46		$	12.54		$	25.51		$	22.71		$	17.67
Total Return		10.60	%		34.86	%		(44.63	)%(C)		10.94	%		35.11	%		(47.96	)%(C)		17.09	%		35.39	%		15.40	%
Net Assets, End of Period (thousands)	$	4,952		$	3,443		$	3,372		$	5,157,857		$	4,437,846		$	3,350,073		$	6,262,069		$	4,456,059		$	2,518,457
Ratio of Expenses to Average Net Assets (D)		0.72	%		0.74	%		0.73	%(B)(E)		0.45	%		0.46	%		0.44	%(B)		0.44	%		0.44	%		0.48	%
Ratio of Net Investment Income to Average Net Assets		2.11	%		2.96	%		7.47	%(B)(E)		2.34	%		3.00	%		3.86	%(B)		2.89	%		3.25	%		2.86	%

†All per share amounts and net assets values have been adjusted as a result of the reverse stock split on November 19, 2010. (Note O)

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

174

DIMENSIONAL INVESTMENT GROUP INC.

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	U.S. Large Company Portfolio
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Net Asset Value, Beginning of Period	$	8.16		$	7.62		$	11.63		$	11.00		$	9.82		$	9.23
Income from Investment Operations
Net Investment Income (Loss)		0.18	(A)		0.18	(A)		0.20	(A)		0.22	(A)		0.19	(A)		0.17
Net Gains (Losses) on Securities (Realized and Unrealized)		1.15			0.55			(3.99	)		0.62			1.18			0.61
Total from Investment Operations		1.33			0.73			(3.79	)		0.84			1.37			0.78
Less Distributions
Net Investment Income		(0.15	)		(0.19	)		(0.22	)		(0.21	)		(0.19	)		(0.19	)
Total Distributions		(0.15	)		(0.19	)		(0.22	)		(0.21	)		(0.19	)		(0.19	)
Net Asset Value, End of Period	$	9.34		$	8.16		$	7.62		$	11.63		$	11.00		$	9.82
Total Return		16.47	%		10.07	%		(33.10	)%(C)		7.71	%		14.11	%		8.50	%
Net Assets, End of Period (thousands)	$	3,712,973		$	785,689		$	729,218		$	1,002,142		$	877,405		$	692,595
Ratio of Expenses to Average Net Assets		0.10	%**		0.10	%(D)		0.10	%(B)(D)		0.10	%(D)		0.10	%(D)		0.10	%(D)
Ratio of Expenses to Average Net Assets (Excluding Waivers and Assumption of Expenses and/or Recovery of Previously Waived Fees)		0.11	%**		0.13	%(D)		0.11	%(B)(D)		0.11	%(D)		0.11	%(D)		0.14	%(D)
Ratio of Net Investment Income to Average Net Assets		1.99	%		2.53	%		2.10	%(B)		1.90	%		1.90	%		1.82	%
Portfolio Turnover Rate		1	%*		N/A			N/A			N/A			N/A			N/A

* For the period September 10, 2010 through October 31, 2010. Effective September 10, 2010, the Portfolio directly invests in securities rather than through The U.S. Large Company Series.

** Represents the combined ratios for the portfolio and for the period November 1, 2009 through September 9, 2010, its respective pro-rata share of The U.S. Large Company Series.

See Page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

175

DIMENSIONAL INVESTMENT GROUP INC.

NOTES TO FINANCIAL STATEMENTS

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 fifteen portfolios, of which DFA International Value Portfolio and U.S. Large Company Portfolio (the “Portfolios”) are presented in this section of the report. The remaining portfolios are presented in separate reports.

DFA International Value Portfolio (the “Feeder Fund”) primarily invests its assets in The DFA International Value Series (the “Series”), a corresponding series of The DFA Investment Trust Company. At October 31, 2010, DFA International Value Portfolio owned 75% of the Series. The financial statements of the Series are included elsewhere in this report and should be read in conjunction with the financial statements of the Portfolio.

Class R2 shares of DFA International Value Portfolio commenced operations on April 30, 2008. As of October 31, 2010, Class R1 shares of DFA International Value Portfolio had 100,000,000 authorized shares and had not commenced operations.

On November 1, 2008, The DFAInternational Value Series, a master fund in a RIC/RIC master-feeder structure, elected with the consent of its respective Holder(s) to change its U.S. federal income tax classification from that of an association taxable as a corporation to a partnership pursuant to Treasury Regulation § 301.7701-3. The change in capital structure and retroactive reclassification of the statement of changes in net assets and financial highlights for the respective funds is a result of the treatment of a partnership for book purposes. The Series/Portfolio will maintain its books and records and present its financial statements in accordance with generally accepted accounting principles for investment partnerships.

On March 1, 2010, the Board of Directors of DFA Investment Dimensions Group Inc. and of Dimensional Investment Group Inc. approved an Agreement and Plan of Reorganization (the “Plan”) which provided that (i) U.S. Large Company Institutional Index Portfolio (the “Acquiring Fund”), a portfolio of Dimensional Investment Group Inc. would acquire substantially all of the assets of U.S. Large Company Portfolio (the “Target Fund”), a portfolio of DFA Investment Dimensions Group Inc. in exchange solely for shares of capital stock of the Acquiring Fund; (ii) the shares of the Acquiring Fund would be distributed to the shareholders of the Target Fund according to their respective interests in the Target Fund; and (iii) the Target Fund would be liquidated and dissolved (the “Reorganization”). In conjunction with completing the Reorganization, the Acquiring Fund would change its name to “U.S. Large Company Portfolio.” The Reorganization took place on May 7, 2010 and the Acquiring Fund changed its name to U.S. Large Company Portfolio effective May 8, 2010.

The purpose of the transaction was to lower fees for the shareholders of the Target Fund and create operating efficiencies from economies of scale.

The Reorganization was accomplished by a tax-free exchange of the following shares on May 7, 2010:

Target Fund	Shares	Acquiring Fund	Shares	Value (in thousands)
U.S. Large Company Portfolio	83,482,168	U.S. Large Company Institutional Index Portfolio	311,973,980	$2,731,987

176

The net assets, including net unrealized appreciation (depreciation) of the Target Fund, immediately before the acquisition were as follows (in thousands):

Target Fund	Net Assets	Unrealized Appreciation (Depreciation)	Acquiring Fund	Net Assets
U.S. Large Company Portfolio	$2,731,987	$315,984	U.S. Large Company Institutional Index Portfolio	$870,696

Assuming the acquisition had been completed on November 1, 2009, U.S. Large Company Portfolio’s result of operations for the year ended October 31, 2010 would have been as follows (in thousands):

Net Investment Income	$	71,681	(a)
Net Realized and Unrealized Gain (Loss) on Investments		501,073	(b)
Net Increase in Net Assets Resulting from Operations	$	572,754

(a) $43,125 as reported in the Statement of Operations, plus $27,799 Net Investment Income from U.S. Large Company Portfolio pre-merger, plus $757 of pro-forma eliminated expenses.

(b) $596,596 as reported in the Statement of Operations, less $95,523 Net Realized and Unrealized Gain (Loss) on Investments from U.S. Large Company Portfolio pre-merger.

Because both U.S. Large Company Portfolio and U.S. Large Company Institutional Index Portfolio sold and redeemed shares throughout the period, it is not practicable to provide pro-forma information on a per-share basis.

Prior to September 10, 2010, U.S. Large Company Portfolio invested substantially all of its assets in shares of The U.S. Large Company Series. At the close of business on September 9, 2010, U.S. Large Company Portfolio received its pro-rata share of cash and securities from The U.S. Large Company Series in a complete liquidation of its interest in the Series. Effective September 10, 2010, U.S. Large Company Portfolio invests directly in securities rather than through the Series and maintains the same investment objective.

At a regular meeting of the Board of Directors/Trustees (the “Board”) on September 16, 2008, the Board voted to change the fiscal and tax year ends of the Portfolios from November 30 to October 31.

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 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 heirarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below:

—     Level 1 – quoted prices in active markets for identical securities

—     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 Portfolio’s own assumptions in determining the fair value of investments)

The DFA International Value Portfolio’s investment reflects its proportionate interest in the net assets of the Series. These valuations are classified as Level 1 in the hierarchy.

177

Securities held by U.S. Large Company Portfolio, including over-the-counter securities, are valued at the last quoted sale price of the day. Securities held by U.S. Large Company Portfolio that are listed on Nasdaq are valued at the Nasdaq Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, U.S. Large Company Portfolio values the securities at the mean of the most recent quoted bid and asked prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.

Securities for which no market quotations are 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/Trustees. These securities are generally categorized as Level 2 in the hierarchy. 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 the Investment Committee of the Advisor) occur before the net asset value is calculated. When fair value pricing is used, the prices of securities used by the Portfolio may differ from the quoted or published prices for the same securities on their primary markets or exchanges.

Futures contracts held by the U.S. Large Company Portfolio are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized 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 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.

The Portfolios did not have any significant transfers between Level 1 and Level 2 during the year ended October 31, 2010.

2.     Deferred Compensation Plan:    Each eligible Director of the Fund may elect participation in the Deferred Compensation Plan (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 to defer compensation (the “Notice”) to elect 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 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 of the Fund (unless the Director files an amended Notice selecting a different distribution date). Robert C. Merton resigned from the Board of the Fund on December 1, 2009 and received a lump sum payment of the proceeds of his deferred fee account on January 4, 2010 in the amount of $241,764. As of October 31, 2010, no other Directors have requested or received a distribution of proceeds of a deferred fee account.

3.     Other:    The Feeder Fund recognizes its pro-rata share, on a daily basis, of net investment income and realized and unrealized gains and losses of investment securities from the Series, which is treated as a partnership for federal income tax purposes. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction

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of cost of investments or as a realized gain, respectively. The Feeder Fund estimates the character of distributions received that may be considered return of capital distributions. Expenses directly attributable to the Feeder Fund are directly charged. Common expenses of the Fund are allocated using methods approved by the Board of Directors/Trustees, generally based on average net assets.

Class R2 Shares and Institutional Class Shares have equal rights to assets and earnings of the Feeder Fund. Income, gains and losses, and common expenses of the Feeder Fund are allocated to each class of shares based on its relative net assets. Each class will bear its own class-specific expenses, if any.

C. Investment Advisor:

Dimensional Fund Advisors LP (“Dimensional” or the “Advisor”) provides administrative services to the Portfolios, including supervision of services provided by others, providing information to the shareholders and to the Board of Directors/Trustees, and other administrative services. The Advisor provides investment advisory services to the Portfolios and the Series. The Advisor receives no additional compensation for the investment advisory services it provides to the Feeder Fund. For the year ended October 31, 2010, the Portfolios’ administrative services fees were accrued daily and paid monthly to the Advisor based on the following effective annual rates of average daily net assets:

DFA International Value Portfolio	0.20	%
U.S. Large Company Portfolio*	0.05	%

For the year ended October 31, 2010, the Portfolio’s investment advisory fees were accrued daily and paid monthly to the Advisor based on the following effective annual rates of average daily net assets:

U.S. Large Company Portfolio* 0.025 % 

*Effective September 10, 2010, U.S. Large Company Portfolio no longer invests substantially all of its assets in The U.S. Large Company Series. Instead, U.S. Large Company Portfolio’s assets are managed directly in accordance with its investment objective and strategies, pursuant to an investment management agreement between the Fund, on behalf of U.S. Large Company Portfolio, and Dimensional, which previously was the manager of The U.S. Large Company Series’ assets. The investment advisory fee paid by U.S. Large Company Portfolio is identical to the advisory fee that was charged to The U.S. Large Company Series.

Pursuant to a Fee Waiver and Expense Assumption Agreement, the Advisor has contractually agreed to waive certain fees, including administration/advisory fees, and in certain instances, assume certain expenses of the Portfolios, as described in the notes below. The Fee Waiver and Expense Assumption Agreement for the Portfolios below will remain in effect through March 1, 2011, and shall continue in effect from year to year thereafter unless terminated by the Fund or the Advisor. For the year ended October 31, 2010, 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). The Portfolios are not obligated to reimburse the Advisor for fees previously waived or expenses previously assumed by the Advisor more than thirty-six months before the date of recovery.

	Expense Limits			Recovery of Previously Waived Fees/ Expenses Assumed		Previously Waived Fees/ Expenses Assumed Subject to Future Recovery
DFA International Value Portfolio — Class R2 Shares (1)		0.79	%		—		—
U.S. Large Company Portfolio (2)		0.10	%		—	$	642

(1) The Advisor has contractually agreed to assume the Portfolio’s direct expenses (excluding management fees and custodian fees) to the extent necessary to limit the expenses of the Class R2 shares of the Portfolio to the rate listed above as a percentage of average net assets on an annualized basis. At any time that the annualized expenses of the Portfolio are less than the rate listed above for the Portfolio, the Advisor retains the right to recover

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any fees previously waived and/or expenses previously assumed to the extent that such recovery will not cause the Portfolio’s Class R2 shares’ annualized expenses to exceed the applicable percentage of average net assets as listed above.

(2) The Advisor has contractually agreed to waive its administration fee and advisory fee and to assume the Portfolio’s direct and indirect expenses (including the expenses the Portfolio has incurred as a shareholder of The U.S. Large Company Series) necessary to reduce the Portfolio’s expenses to the extent that its total direct and indirect expenses exceed the rate listed above as a percentage of average net assets on an annualized basis. At any time that the annualized expenses of the Portfolio are less than the rate listed above for 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 Portfolio’s annualized expenses to exceed the applicable percentage of average net assets on an annualized basis, as listed above.

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Directors/Trustees of the Advisor are also Officers and Directors/Trustees of the Fund; however, such Officers and Directors/Trustees (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the year ended October 31, 2010, the total related amounts paid by the Fund to the CCO were $29 (in thousands). The total related amounts paid by the Portfolio are included in Other Expenses on the Statement of Operations.

D. Deferred Compensation:

At October 31, 2010, the total liability for deferred compensation to Directors/Trustees is included in Accrued Expenses and Other Liabilities on the Statement of Assets and Liabilities as follow (amounts in thousands):

DFA International Value Portfolio	$	119
U.S. Large Company Portfolio		194

E. Purchases and Sales of Securities:

For the period September 10, 2010 through October 31, 2010, during which the U.S. Large Company Portfolio invested directly in securities, the Portfolio made the following purchases and sales of investment securities, other than short-term securities and U.S. government securities (amounts in thousands):

Purchases	$	25,631
Sales		78,269

There were no purchases or sales of long-term U.S. government securities.

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 from 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, accumulated net realized gains or unrealized appreciation, as appropriate, in the period that the differences arise. Accordingly, the following permanent differences as of October 31, 2010, primarily attributable to distribution of assets and liabilities by a partnership in complete liquidation and the expiration of capital loss carryforwards, were reclassified to the following accounts. These reclassifications had no effect on net assets or net asset value per share (amounts in thousands):

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	Increase (Decrease) Paid-In-Capital		Increase (Decrease) Undistributed Net Investment Income			Increase (Decrease) Accumulated Net Realized Gains (Losses)
DFA International Value Portfolio		—	$	(99	)	$	99
U.S. Large Company Portfolio	$	453,344		(147	)		(453,197	)

The tax character of dividends and distributions declared and paid during the years ended October 31, 2009 and October 31, 2010 were as follows (amounts in thousands):

	Net Investment Income and Short-Term Capital Gains		Long-Term Capital Gains		Total
DFA International Value Portfolio
2009	$	105,700		—	$	105,700
2010		107,409		—		107,409
U.S. Large Company Portfolio
2009		18,243		—		18,243
2010		35,473		—		35,473

At October 31, 2010, the components of distributable earnings (accumulated losses) were as follows (amounts in thousands):

	Undistributed Net Investment Income and Short-Term Capital Gains		Undistributed Long-Term Capital Gains	Capital Loss Caryforward			Total Net Distributable Earnings (Accumulated Losses)
DFA International Value Portfolio	$	14,594	—	$	(1,092,654	)	$	(1,078,060	)
U.S. Large Company Portfolio		9,826	—		(386,326	)		(376,500	)

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. As of October 31, 2010, the Portfolios had capital loss carryforwards available to offset future realized capital gains through the indicated expiration date (amounts in thousands):

	Expires on October 31,
	2011		2012		2013		2014		2015		2016		2017		2018		Total
DFA International Value Portfolio		—		—		—		—		—	$	1,092,654		—		—	$	1,092,654
U.S. Large Company Portfolio	$	13,997	$	5,486	$	10,569	$	1,944	$	86,015		100,024	$	87,500	$	80,791		386,326

For the year ended October 31, 2010, DFA International Value Portfolio had utilized capital loss carryforwards to offset realized capital gains for federal income tax purposes of $255,554 (in thousands).

For the year ended October 31, 2010, U.S. Large Company Portfolio had capital loss carryforward expirations of $42,619 (in thousands).

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At October 31, 2010, the total cost and aggregate gross unrealized appreciation and (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes (amounts in thousands):

	Federal Tax Cost		Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
DFA International Value Portfolio	$	4,006,671	$	1,245,128	$	(87,949	)	$	1,157,179
U.S. Large Company Portfolio		3,416,346		1,192,587		(547,256	)		645,331

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 postions and has concluded that no provision for income tax is required in the Portfolios’ financial statements. The Portfolios are not aware of any tax positions for which it is reasonably possible 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 remains subject to examination by the Internal Revenue Service.

On November 1, 2008, The DFA International Value Series, a master fund in a RIC/RIC master-feeder structure with five RIC feeders and other direct client investor(s), made a “Check-the-box” election for federal income tax purposes pursuant to Treasury Regulation §301.7701-3, to change its federal entity classification from a corporation taxable as a regulated investment company to a partnership. As a result of this election, the master fund is deemed to have distributed all of its assets and liabilities, in a taxable transaction, to its shareholders in liquidation of the master fund. Immediately thereafter, the shareholders contributed all of the distributed assets and liabilities to a newly formed partnership. The final tax year end of The DFA International Value Series was October 31, 2008. For Federal income tax purposes, pursuant to Internal Revenue Code §336(a), the master fund recognizes gain or loss as if the master’s investment securities were sold to its shareholders and, pursuant to IRC Code §331, each of the Portfolios recognizes gain or loss as if it liquidated its investment in the master. As a result of the transaction, The DFA International Value Series recognized a ($2,309,440,866) and ($718,733) capital and currency loss respectively for tax year ended October 31, 2008. For tax purposes, pursuant to IRC Code §334(a), each of the Portfolios will take a fair market value basis in the securities deemed received by them and a new holding period for those securities commences on the deemed liquidation date.

Certain prior year balances have been reclassified to conform with current year presentations. Such reclassfications impacted the paid-in-capital, undistributed net investment income/distributions in excess of net investment income and accumulated net realized gain/loss components of net assets on the statement of assets and liabilities of U.S. Large Company Portfolio. These reclassifications had no impact on net assets, net asset value, the financial highlights or total return.

G. Capital Share Transactions:

The capital share transactions by class were as follows (amounts in thousands):

	Year Ended Oct. 31,  2010						Year Ended Oct. 31,  2009
	Amount			Shares			Amount			Shares
DFA International Value Portfolio
Class R2 Shares
Shares Issued	$	2,443			375		$	1,393			263
Shares Issued in Lieu of Cash Distributions		249			43			207			38
Shares Redeemed		(1,361	)		(215	)		(2,329	)		(425	)
Shares Reduced by Reverse Stock Split (Note O)		—			(453	)		—			—
Net Increase (Decrease) — Class R2 Shares	$	1,331			(250	)	$	(729	)		(124	)

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	Year Ended Oct. 31, 2010						Year Ended Oct. 31, 2009
	Amount			Shares			Amount			Shares
Institutional Class Shares
Shares Issued	$	1,029,921			62,367		$	1,076,228			84,945
Shares Issued in Lieu of Cash Distributions		101,230			6,632			98,011			7,185
Shares Redeemed		(806,802	)		(48,927	)		(1,122,011	)		(89,725	)
Net Increase (Decrease) — Institutional Class Shares	$	324,349			20,072		$	52,228			2,405

H. Financial Instruments:

In accordance with U.S. Large Company Portfolio investment objectives and policies, U.S. Large Company Portfolio 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.    Repurchase Agreements:    U.S. Large Company Portfolio may purchase certain U.S. Government securities subject to the counterparty’s agreement to repurchase them at an agreed upon date and price. The counterparty will be required on a daily basis to maintain the value of the collateral subject to the agreement at not less than the repurchase price (including accrued interest). The agreements are conditioned upon the collateral being deposited under the Federal Reserve book-entry system with the Trust’s custodian or a third party sub-custodian. In the event of default or bankruptcy by the other party to the agreement, retention of the collateral may be subject to legal proceedings. All open repurchase agreements were entered into on October 29, 2010.

Derivative Financial Instruments:

Disclosures on derivative instruments and hedging activities are intended to improve financial reporting for derivative instruments by enabling investors to understand how and why a fund uses derivatives, how derivatives are accounted for and how derivative instruments affect a fund’s results of operations and financial position. Summarized below are the specific types of derivative instruments used by the Series.

2.    Futures Contracts:    U.S. Large Company Portfolio may enter into futures contracts to gain market exposure on uninvested cash pending investment in securities or to maintain liquidity to pay redemptions. Upon entering into a futures contract, U.S. Large Company Portfolio deposits cash or pledges U.S. Government securities to a broker, equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by U.S. Large Company Portfolio as unrealized gains or losses until the contracts are closed. When the contracts are closed, U.S. Large Company Portfolio 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 U.S. Large Company Portfolio could lose more than the initial margin requirements. Portfolios 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.

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At October 31, 2010, U.S. Large Company Portfolio had outstanding futues contracts (dollar amounts in thousands):

	Description	Expiration Date	Number of Contracts*	Contract Value	Unrealized Gain (Loss)	Approximate Cash Collateral
U.S. Large Company Portfolio	S&P 500  ®Index	12/17/2010	163	$48,073	$1,447	$4,410

* During the year ended October 31, 2010, U.S. Large Company Portfolio’s average notional value of outstanding futures contracts was $39,922 (in thousands).

Additional disclosure on derivative instruments is required showing a summary by primary risk exposure of the derivatives instruments’ (i) location in the balance sheet and fair value at period end and (ii) the location in the Statements of Operations and the realized and change in unrealized gain or loss over the reporting period. The following is a summary of U.S. Large Company Portfolio’s derivative instrument holdings for the year ended October 31, 2010.

The following is a summary of U.S. Large Company Portfolio’s location and value of derivative instrument holdings on U.S. Large Compnay Portfolio’s Statements of Assets and Liabilities categorized by primary risk exposure as of October 31, 2010 (amounts in thousands):

		Asset Derivatives Value
	Location on the Statements of Assets and Liabilities	Equity Contracts
U.S. Large Company Portfolio	Receivables: Futures Margin Variation		$1,447*

* Includes cumulative appreciation (depreciation) of futures contracts. Only current day’s margin variation is reported within the Statement of Assets and Liabilities.

The following is a summary of the location of realized and change in unrealized gains and losses on U.S. Large Company Portfolio’s Statement of Operations for U.S. Large Company Portfolio’s derivative instrument holdings through the year ended October 31, 2010:

Derivative Type	Location of Gain (Loss) on Derivatives Recognized in Income
Equity contracts	Net Realized Gain (Loss) on: Futures Change in Unrealized Appreciation (Depreciation) of: Futures

The following is a summary of the realized and change in unrealized gains and losses from U.S. Large Company Portfolio’s direct investment in derivative instrument holdings categorized by primary risk exposure for the period September 10, 2010 through October 31, 2010 (amounts in thousands):

	Realized Gain (Loss) on Derivatives Recognized in Income
	Equity Contracts
U.S. Large Company Portfolio	$1,012
	Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income
	Equity Contracts
U.S. Large Company Portfolio	$1,447

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I. Line of Credit:

The Fund, together with other Dimensional-advised portfolios, has entered into an amended and restated $250 million unsecured discretionary line of credit effective July 8, 2009 with an affiliate of its domestic custodian bank. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $250 million, as long as total borrowings under the line of credit do not exceed $250 million in the aggregate. Borrowings under the line of credit are charged interest at rates agreed upon by the parties at the time of borrowings. 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 line of credit is scheduled to expire on June 21, 2011. There were no borrowings by the Portfolios under this line of credit during the year ended October 31, 2010.

The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $500 million unsecured line of credit effective January 15, 2010 with its international custodian bank. 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. 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 to by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement of the line of credit expires on January 15, 2011. There were no borrowings by the Portfolios under this line of credit during the year ended October 31, 2010.

J. Securities Lending:

As of October 31, 2010, U.S. Large Company Portfolio had securities on loan to brokers/dealers, for which the Portfolio receives cash collateral. The Portfolio invests its 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 equal to at least (i) 100% of the current market value of the loaned securities with respect to securities of the U.S. government or its agencies, (ii) 102% of the current market value of the loaned securities with respect to U.S. securities, and (iii) 105% of the current market value of the loaned securities with respect to foreign securities. However, daily market fluctuations could cause the Portfolio’s 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.

Subject to its stated investment policies, the Portfolio will generally invest its cash collateral received for the loaned securities in The DFA Short Term Investment Fund (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. The Portfolio 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, the Portfolio 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.

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K. Shareholder Servicing Fees:

The Class R2 Shares pay a shareholder servicing fee in the amount of 0.25% of their annual average net assets to compensate service agents that provide shareholder servicing, record keeping, account maintenance and other services to investors in the DFA International Value Portfolio Class R2 Shares.

L. 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 which 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.

M. Recently Issued Accounting Standards:

In January 2010, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2010-06 “Improving Disclosures about Fair Value Measurements.” ASU No. 2010-06 amends FASB Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures, to require additional disclosures in the roll forward of activity in Level 3 fair value measurements effective for interim and annual reporting periods beginning after December 15, 2010. Management is currently evaluating the impact ASU No. 2010-06 will have on its financial statement disclosures.

N. Other:

At October 31, 2010, the following number of shareholders held the following approximate percentages of outstanding shares of the Portfolios. One or more of the shareholders is an omnibus account, which typically holds shares for the benefit of several other underlying investors.

	Number of Shareholders	Approximate Percentage of Oustanding Shares
DFA International Value Portfolio — Class R2 Shares	3	84%
DFA International Value Portfolio — Institutional Class Shares	2	47%
U.S. Large Company Portfolio	2	66%

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 filed an action against all shareholders of The Tribune Company who tendered shares when the Tribune Company went private in 2007 in a leveraged buy out transaction, seeking the return of all 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, our 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.

O. Subsequent Event Evaluations:

Management has evaluated the impact of all subsequent events on the Portfolios and has determined that the following subsequent event requires recognition or disclosure in the financial statements.

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On October 29, 2010, the Board of Directors/Trustees adopted a Plan of Recapitalization of DFA International Value Portfolio’s Class R2 Shares. On November 19, 2010, a reverse stock split was executed whereby each shareholder of Class R2 Shares received one share for every 2.631 shares held. The purpose of the reverse split was to reduce the number of Class R2 Shares, thereby increasing the net asset value of each Class R2 Share outstanding in order to more closely align the net asset value with the net asset value of DFA International Value Portfolio’s Institutional Class Shares. The per share data in the financial highlights, capital share activity in the statements of changes in net assets and the outstanding shares and net asset value as of October 31, 2010 in the statement of assets and liabilities have been retroactively restated to reflect the reverse stock splits for the respective Class R2 Shares.

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of the Portfolios, as defined, and

Board of Directors of Dimensional Investment Group Inc.:

In our opinion, the accompanying statements of assets and liabilities, including the schedule of investments/ summary schedule of portfolio holdings, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of DFA International Value Portfolio and U.S. Large Company Portfolio (constituting portfolios within Dimensional Investment Group Inc., hereafter referred to as the “Portfolios”) at October 31, 2010, the results of each of their operations for the year then ended, the changes in each of their net assets and the financial highlights for each of the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as “financial statements”) are the responsibility of the Portfolios’ management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at October 31, 2010 by correspondence with the custodian, brokers, and the transfer agent of the investee fund, provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 22, 2010

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THE DFA INVESTMENT TRUST COMPANY

PERFORMANCE CHARTS

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THE DFA INVESTMENT TRUST COMPANY

PERFORMANCE CHARTS

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THE DFA INVESTMENT TRUST COMPANY

PERFORMANCE CHARTS

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THE DFA INVESTMENT TRUST COMPANY

MANAGEMENT’S DISCUSSION AND ANALYSIS

U.S. Equity Market Review 12 Months Ended October 31, 2010

The year ending October 31, 2010, was a relatively volatile period for U.S. equities. Broad market returns were positive, with the Russell 3000^® Index returning 18.34%. Stocks represented by the Russell Midcap^® Index outperformed those within both the Russell 2000^® Index (small caps) and the Russell 1000^® Index (large caps). Meanwhile, stocks represented by the Russell 1000^® Growth Index outperformed those represented by the Russell 1000^® Value Index.

While market returns were positive through April 2010, stocks retreated in May and June, marking new lows for the fiscal year in early July. Then in September, stocks began a sharp rise which continued through October. Over the course of the fiscal year, the small company premium within the Russell 3000^® Index was positive, while the value premium was negative as investors’ risk tolerance shifted, and general economic conditions evolved.

Among the most important factors explaining differences in the behavior of diversified equity portfolios are the company size and company value/growth characteristics of the portfolio’s holdings. Size is measured by market capitalization, and value classification is a function of stock price relative to one or more fundamental characteristics. Compared to other stocks, value stocks often have lower market value relative to their earnings, dividends, and book value.

For the 12 months ended October 31, 2010, the total return of the Russell Microcap^® Index was 25.08%, the Russell 2000^® Index was 26.57%, the CRSP 6-10 Index was 28.76%, and the MSCI US Small Cap 1750 Index was 28.35%. Large cap growth stocks outperformed large cap value stocks, as measured by the Russell 1000^® Growth Index and Russell 1000^® Value Index. Small cap growth stocks outperformed small cap value stocks as measured by the Russell 2000^® Growth Index and Russell 2000^® Value Index.

Total Return for 12 Months Ended October 31, 2010

Russell 2000® Index (small cap companies)	26.57	%
Russell Midcap® Index (mid cap companies)	27.73	%
Russell 1000® Index (large cap companies)	17.65	%
Russell 3000® Value Index	16.41	%
Russell 3000® Growth Index	20.32	%

Further dividing the large, mid, and small cap market segments by value and growth characteristics shows more detail in the performance differences over the period.

Total Return for 12 Months Ended October 31, 2010

Russell 1000® Value Index (large cap value companies)	15.72	%
Russell 1000® Growth Index (large cap growth companies)	19.66	%
Russell Midcap® Value Index (mid cap value companies)	27.50	%
Russell Midcap® Growth Index (mid cap growth companies)	28.03	%
Russell 2500® Value Index (small/mid cap value companies)	26.89	%
Russell 2500® Growth Index (small/mid cap growth companies)	28.76	%
Russell 2000® Value Index (small cap value companies)	24.43	%
Russell 2000® Growth Index (small cap growth companies)	28.66	%

Source: Russell data copyright ^© Russell Investment Group 1995-2010, all rights reserved.

Differences in returns for the various Dimensional U.S. equity funds over the 12 months ended October 31, 2010 were attributable primarily to differences in value/growth and size characteristics as well as the exclusion of REIT securities from most Dimensional portfolios, except for the DFA Real Estate Securities Portfolio and the

192

U.S. Large Company Portfolio. Moreover, the portfolio construction approach used by Dimensional Fund Advisors (the “Advisor”) generally resulted in portfolios with greater emphasis on value or small company characteristics relative to widely used index benchmarks.

Domestic Equity Series’ Performance Overview

The U.S. Large Cap Value Series

The U.S. Large Cap Value Series seeks to capture the returns of U.S. large company value stocks. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to large cap value stocks, but does not attempt to closely track a specific equity index. As of October 31, 2010, the Series held 211 stocks and was mostly invested in equities throughout the year: the average cash level for the period was less than 1% of the Series’ assets.

For the 12 months ended October 31, 2010, total returns were 19.96% for the Series and 15.72% for the Russell 1000^® Value Index. Relative to the Index, the Series’ higher concentration in securities with the most prominent value characteristics and composition differences among the Series’ value stocks added approximately 4.2% to the relative performance. Differences in allocation and composition between the Series and the Index across the market capitalization segments contributed to the outperformance, particularly the Series’ smaller allocation to the largest stocks and the composition of those stocks which added approximately 2.9% to the relative performance. The Series’ exclusion of REITs had a negative impact of approximately 0.7% relative to the Index as REITs was the best-performing sector over the period.

International Equity Market Review 12 Months Ended October 31, 2010

The one-year period ending October 31, 2010, was characterized by relatively high levels of volatility in non-US developed markets. Broad market returns were positive, with stocks represented by the MSCI World ex USA Index (net dividends) returning 9.61%.

While market returns were positive in November and December of 2009, high volatility over the next five months — punctuated by an 11% drop in May — took developed non-US stocks to their lows for the fiscal year. In June, stocks began a sharp rise which continued through the remainder of the fiscal year as global economic data generally improved. As measured by the MSCI indices, growth stocks outperformed their value counterparts, while small cap stocks outperformed large caps.

12 Months Ended October 31, 2010
	U.S. Dollar Return
MSCI World ex USA Index		9.61%
MSCI World ex USA Small Cap Index		17.23%
MSCI World ex USA Growth Index		6.38%
MSCI World ex USA Value Index		12.87%

The performance of the US dollar (USD) was mixed against other major developed markets currencies during the period. While the USD rose slightly against the euro and British pound, it fell against most other G10 currencies, and in particular against the Japanese yen.

12 Months Ended October 31, 2010
Ten Largest Foreign Developed Markets by Market Cap	Local Currency Return		U.S. Dollar Return
United Kingdom		16.07%		12.58%
Japan		-6.76%		4.78%
Canada		15.83%		22.62%

193

12 Months Ended October 31, 2010

Ten Largest Foreign Developed Markets by Market Cap	Local Currency   Return		U.S. Dollar   Return
France		11.80%		5.31%
Australia		3.70%		12.50%
Germany		20.61%		13.61%
Switzerland		5.53%		9.90%
Spain		-2.96%		-8.59%
Sweden		17.82%		23.94%
Italy		0.69%		-5.14%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2010, all rights reserved.

Gains in emerging markets were higher on average than in developed markets, although results varied widely among the individual emerging markets countries. For the one-year period ended October 31, 2010, returns in US dollars were 23.56% for the MSCI Emerging Markets Index (net dividends) versus 9.61% for the MSCI World ex USA Index (net dividends). As measured by the MSCI indices, emerging markets growth stocks outperformed their value counterparts, while emerging markets small cap stocks outperformed large caps.

12 Months Ended October 31, 2010

	U.S. Dollar   Return
MSCI Emerging Markets Index		23.56%
MSCI Emerging Markets Small Cap Index		37.02%
MSCI Emerging Markets Value Index		21.96%
MSCI Emerging Markets Growth Index		25.17%

The US dollar (USD) generally depreciated against most major emerging markets currencies during the period, increasing most local country returns when denominated in USD.

12 Months Ended October 31, 2010

Ten Largest Emerging Markets by Market Cap	Local Currency     Return	U.S. Dollar   Return
China	11.14%	11.11%
Brazil	11.67%	14.86%
South Korea	18.52%	24.52%
Taiwan	13.20%	20.23%
India	27.64%	34.93%
South Africa	18.71%	33.55%
Russia	19.19%	13.38%
Mexico	25.55%	33.87%
Malaysia	23.94%	35.93%
Indonesia	41.78%	51.50%

Source: Returns are of MSCI indices net of foreign withholding taxes on dividends. Copyright MSCI 2010, all rights reserved.

194

International Equity Series’ Performance Overview

The DFA International Value Series

The DFA International Value Series seeks to capture the returns of international large company value stocks. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to large cap value stocks, but does not attempt to track any specific equity index. As of October 31, 2010, the Series held 528 stocks in 23 developed countries. In general the portfolio was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Series’ assets.

For the 12 months ended October 31, 2010, total returns were 11.13% for the Series and 9.61% for the MSCI World ex USA Index (net dividends). The MSCI Standard benchmarks indicate that on the whole, growth stocks outperformed value stocks in international developed markets during the period. However, stocks in the deeper value segment of the market outperformed growth stocks on average. The Series’ greater allocation than the Index to these deeper value stocks contributed to relative performance. An additional component of the Series’ outperformance was due to differences in valuation timing and methodology between the Portfolio and the Index. The Series prices foreign exchange rates at the closing of U.S. markets, while the Index uses rates at 4 pm London time. The Portfolio utilizes fair value pricing to price portfolio securities at the closing of the U.S. markets, while the Index uses local market closing prices.

The Japanese Small Company Series

The Japanese Small Company Series seeks to capture the returns of Japanese small company stocks. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to small company stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Series held 1,333 stocks. In general, the Series was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Series’ assets.

As a result of the Series’ diversified investment approach, performance was determined principally by broad structural trends in the Japanese equity market, rather than the behavior of a limited number of stocks For the 12 months ended October 31, 2010, total returns were 0.72% for the Series and 1.12% for the MSCI Japan Small Cap Index (net dividends). Relative to the Index, the Series’ underperformance was primarily due to its exclusion of REITs, as REITs were the best performing sector over the period. To a lesser extent, compositional differences among the market capitalization segments further detracted from the Series’ relative performance.

The Asia Pacific Small Company Series

The Asia Pacific Small Company Series seeks to capture the returns of small company stocks in developed Asia Pacific markets, excluding Japan. The investments strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to small company stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Series held 1,093 stocks, and assets were allocated mainly among four countries: Australia, Hong Kong, New Zealand, and Singapore. Country allocations generally reflect the approximate weights of individual securities within a universe of Asia Pacific small company stocks constructed by the Advisor. In general, the Series was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Series’ assets.

As a result of the Series’ diversified investment approach, performance was determined principally by broad structural trends in Asia Pacific equity markets rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 28.91% for the Series and 25.77% for the MSCI Pacific ex Japan Small Cap Index (net dividends). The Series’ relative outperformance was primarily attributable to differences in the valuation timing and methodology between the Series and the Index. The Series prices foreign exchange rates at the closing of the U.S. markets while the Index uses rates at 4 pm London time. The Series utilizes fair value pricing to price portfolio securities at the closing of the U.S. markets while the Index uses local market closing prices.

195

The United Kingdom Small Company Series

The United Kingdom Small Company Series seeks to capture the returns of U.K. small company stocks. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to small company stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Series held 375 stocks. In general, the Series was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Series’ assets.

As a result of the Series’ diversified investment approach, performance was determined principally by broad structural trends in the U.K. equity market, rather than the behavior of a limited number of stocks. Over the period, U.K. small company stocks outperformed U.K. large company stocks. For the 12 months ended October 31, 2010, total returns were 25.94% for the Series and 21.61% for the MSCI UK Small Cap Index (net dividends). The Series holds a large number of stocks, and in most cases, no single stock will explain a significant amount of the performance difference relative to the Index. However, during the 12-month period ended October 31, 2010, the Portfolio held two stocks that had a significant positive impact on relative performance. One stock was held at a higher weight than in the Index and the other stock was not present in the Index as it was considered too large for the Index.

The Continental Small Company Series

The Continental Small Company Series seeks to capture the returns of small company stocks in developed markets of Europe (excluding the U.K.) and Israel, by purchasing shares in such securities. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to small company stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Series held 1,405 stocks in 15 developed continental European countries and Israel. Country allocations generally reflect the approximate weights of individual securities within a universe of continental European and Israeli small company stocks constructed by the Advisor. In general, the Series was fully invested in equities throughout the year. The average cash level for period was less than 1% of the Series’ assets.

As a result of the Series’ diversified investment approach, performance was determined principally by broad structural trends in the continental European (excluding the U.K.) and Israeli equity markets, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 15.37% for the Series and 15.17% for the MSCI Europe ex UK Small Cap Index (net dividends). The Series and the Index held a number of securities in common but in different weights due to different methods for defining size and the Series’ exclusion rules. For the one-year period ended October 31, 2010, overall differences generally offset each other with the end result that the Series slightly outperformed the Index.

The Canadian Small Company Series

The Canadian Small Company Series seeks to capture the returns of Canadian small company stocks. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to small company stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Series held 410 stocks. In general, the Series was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Series’ assets.

As a result of the Series’ diversified investment approach, performance was determined principally by broad structural trends in the Canadian equity market, rather than the behavior of a limited number of stocks. Over the period, within the Canadian small company universe, the smallest stocks underperformed larger stocks. For the 12 months ended October 31, 2010, total returns were 43.17% for the Series and 46.20% for the MSCI Canada Small Cap Index (net dividends). The Series holds a large number of stocks and in most cases no single stock will explain a significant amount of the performance difference. However, during the 12-month period ended October 31, 2010, the Index held two securities that significantly outperformed and were excluded from the Series, accounting for the majority of the Series’ relative underperformance. These two securities were considered too large to be eligible for the Series.

196

The Emerging Markets Series

The Emerging Markets Series seeks to capture the returns of large cap stocks in selected emerging markets countries. The investment strategy employs a disciplined quantitative approach, emphasizing broad diversification and consistent exposure to large cap emerging markets stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Series held 712 stocks in 20 emerging markets countries. In general, the Series was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Series’ assets. The Series’ target country weights were capped at 15% upon purchase by the manager to limit single-country risk exposure.

As a result of the Series’ diversified approach, performance was generally determined by broad structural trends in emerging markets countries, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 27.04% for the Series and 23.56% for the MSCI Emerging Markets Index (net dividends). The Series’ relative outperformance was primarily due to differences in country weight allocations between the Series and the Index. Country weight differences were primarily driven by capping of individual countries to limit single-country risk exposure. To a lesser extent, an additional component of the Series’ outperformance was due to differences in valuation timing and methodology between the Series and the Index. The Series prices foreign exchange rates at the closing of the U.S. markets while the Index uses rates at 4 pm London time. The Series utilizes fair value pricing to price portfolio securities at the closing of the U.S. markets while the Index uses local market closing prices.

The Emerging Markets Small Cap Series

The Emerging Markets Small Cap Series seeks to capture the returns of small company stocks in selected emerging markets. The investment strategy employs a disciplined quantitative approach, emphasizing broad diversification and consistent exposure to small company stocks in selected emerging markets, but does not attempt to track a specific equity index. As of October 31, 2010, the Series held 2,691 stocks in 15 emerging markets countries. In general, the Series was fully invested in equities throughout the year: the average cash level for the period was less than 1% of the Series’ assets. The Series’ target country weights were capped at 15% upon purchase by the manager to limit single-country risk exposure.

As a result of the Series’ diversified approach, performance was principally determined by structural trends in emerging markets countries, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 41.96% for the Series and 23.56% for the MSCI Emerging Markets Index (net dividends). The Series’ outperformance was primarily due to emerging markets small cap stocks significantly outperforming their large cap counterparts during the period. The Series holds primarily small cap stocks whereas the Index holds primarily large cap and mid cap stocks. To a lesser extent, an additional component of the Series’ outperformance was due to differences in valuation timing and methodology between the Series and the Index. The Series prices foreign exchange rates at the closing of the U.S. markets while the Index uses rates at 4 pm London time. The Series utilizes fair value pricing to price portfolio securities at the closing of the U.S. markets while the Index uses local market closing prices.

197

THE DFA INVESTMENT TRUST COMPANY

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 October 31, 2010

EXPENSE TABLES

	Beginning Account Value 05/01/10		Ending Account Value 10/31/10		Annualized Expense Ratio*		Expenses Paid During Period*
The U.S. Large Cap Value Series
Actual Fund Return	$	1,000.00	$	975.20		0.11%	$	0.55
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.65		0.11%	$	0.56
The DFA International Value Series
Actual Fund Return	$	1,000.00	$	1,063.80		0.24%	$	1.25
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.00		0.24%	$	1.22

198

DISCLOSURE OF FUND EXPENSES

CONTINUED

	Beginning Account Value 05/01/10		Ending Account Value 10/31/10		Annualized Expense Ratio*		Expenses Paid During Period*
The Japanese Small Company Series
Actual Fund Return	$	1,000.00	$	942.00		0.14%	$	0.69
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.50		0.14%	$	0.71
The Asia Pacific Small Company Series
Actual Fund Return	$	1,000.00	$	1,135.30		0.18%	$	0.97
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.30		0.18%	$	0.92
The United Kingdom Small Company Series
Actual Fund Return	$	1,000.00	$	1,151.00		0.13%	$	0.70
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.55		0.13%	$	0.66
The Continental Small Company Series
Actual Fund Return	$	1,000.00	$	1,096.20		0.17%	$	0.90
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.35		0.17%	$	0.87
The Canadian Small Company Series
Actual Fund Return	$	1,000.00	$	1,097.80		0.15%	$	0.79
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.45		0.15%	$	0.77
The Emerging Markets Series
Actual Fund Return	$	1,000.00	$	1,108.50		0.20%	$	1.06
Hypothetical 5% Annual Return	$	1,000.00	$	1,024.20		0.20%	$	1.02
The Emerging Markets Small Cap Series
Actual Fund Return	$	1,000.00	$	1,183.00		0.33%	$	1.82
Hypothetical 5% Annual Return	$	1,000.00	$	1,023.54		0.33%	$	1.68

* 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 (184), then divided by the number of days in the year (365) to reflect the six-month period.

199

DFA INVESTMENT TRUST COMPANY

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 The DFA Investment Trust Company, 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. The DFA Investment Trust Company filed its most recent Form N-Q with the SEC on September 29, 2010. It is 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).

SEC regulations permit a fund to include in its reports to shareholders a “Summary Schedule of Portfolio Holdings” in lieu of a full Schedule of Investments. The Summary Schedule of Portfolio Holdings reports the fund’s 50 largest holdings in unaffiliated issuers and any investments that exceed one percent of the fund’s net assets at the end of the reporting period. The amendments also require that the Summary Schedule of Portfolio Holdings identify each category of investments that are held.

The fund is required to file a complete Schedule of Investments with the SEC on Form N-CSR within ten days after mailing the annual and semi-annual reports to shareholders. It will be 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.

DOMESTIC AND INTERNATIONAL EQUITY PORTFOLIOS

The U.S. Large Cap Value Series		The DFA International Value Series		The Japanese Small Company Series
Consumer Discretionary	18.2%	Consumer Discretionary	15.8%	Consumer Discretionary	23.7%
Consumer Staples	7.8%	Consumer Staples	6.0%	Consumer Staples	9.8%
Energy	15.5%	Energy	10.1%	Energy	1.1%
Financials	21.4%	Financials	31.6%	Financials	10.4%
Health Care	8.9%	Health Care	1.2%	Health Care	4.5%
Industrials	14.1%	Industrials	10.2%	Industrials	25.9%
Information Technology	3.3%	Information Technology	3.6%	Information Technology	11.2%
Materials	3.4%	Materials	11.7%	Materials	12.7%
Telecommunication Services	6.2%	Other	—	Real Estate Investment Trusts	—
Utilities	1.2%	Telecommunication Services	7.6%	Telecommunication Services	—
		Utilities	2.2%	Utilities	0.7%
	100.0%		100.0%		100.0%

200

DISCLOSURE OF PORTFOLIO HOLDINGS

CONTINUED

The Asia Pacific Small Company Series		The United Kingdom Small Company Series		The Continental Small Company Series
Consumer Discretionary	23.3%	Consumer Discretionary	21.6%	Consumer Discretionary	15.3%
Consumer Staples	4.8%	Consumer Staples	4.4%	Consumer Staples	7.0%
Energy	6.1%	Energy	5.0%	Energy	5.3%
Financials	12.6%	Financials	13.5%	Financials	16.6%
Health Care	4.8%	Health Care	3.1%	Health Care	8.5%
Industrials	21.5%	Industrials	30.8%	Industrials	25.2%
Information Technology	4.4%	Information Technology	11.1%	Information Technology	10.0%
Materials	17.0%	Materials	5.6%	Materials	8.7%
Other	—	Other	—	Other	—
Real Estate Investment Trusts	0.1%	Telecommunication Services	2.1%	Real Estate Investment Trusts	—
Telecommunication Services	1.8%	Utilities	2.8%	Telecommunication Services	1.2%
Utilities	3.6%			Utilities	2.2%
	100.0%		100.0%		100.0%
The Canadian Small Company Series		The Emerging Markets Series		The Emerging Markets Small Cap Series
Consumer Discretionary	10.5%	Consumer Discretionary	6.9%	Consumer Discretionary	19.3%
Consumer Staples	2.6%	Consumer Staples	9.3%	Consumer Staples	10.5%
Energy	17.9%	Energy	14.2%	Energy	1.8%
Financials	6.8%	Financials	21.4%	Financials	17.0%
Health Care	4.5%	Health Care	1.0%	Health Care	4.9%
Industrials	9.6%	Industrials	6.7%	Industrials	17.0%
Information Technology	5.6%	Information Technology	13.6%	Information Technology	8.7%
Materials	41.3%	Materials	13.6%	Materials	15.9%
Telecommunication Services	0.3%	Other	—	Other	0.1%
Utilities	0.9%	Real Estate Investment Trusts	—	Real Estate Investment Trusts	—
		Telecommunication Services	9.9%	Telecommunication Services	0.9%
	100.0%	Utilities	3.4%	Utilities	3.9%
			100.0%		100.0%

201

THE U.S. LARGE CAP VALUE SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value†		Percentage     of Net Assets**
COMMON STOCKS — (90.0%)
Consumer Discretionary — (16.4%)
#*Carnival Corp.		2,792,987	$	120,573,249		1.4%
CBS Corp. Class B		3,870,469		65,527,040		0.7%
#*Comcast Corp. Class A		11,535,742		237,405,570		2.7%
Comcast Corp. Special Class A		3,843,964		74,303,824		0.8%
#*Liberty Media Corp. Interactive Class A		3,585,265		52,918,511		0.6%
#*News Corp. Class A		8,601,307		124,374,899		1.4%
#News Corp. Class B		3,247,295		52,216,504		0.6%
*Time Warner Cable, Inc.		2,004,056		115,974,721		1.3%
*Time Warner, Inc.		6,251,359		203,231,681		2.3%
#Walt Disney Co. (The)		3,195,385		115,385,352		1.3%
Other Securities				436,691,700		5.0%
Total Consumer Discretionary				1,598,603,051		18.1%
Consumer Staples — (7.0%)
*Archer-Daniels-Midland Co.		2,712,432		90,378,234		1.0%
#*CVS Caremark Corp.		6,345,280		191,119,834		2.2%
#Kraft Foods, Inc.		5,204,766		167,957,799		1.9%
Other Securities				236,916,702		2.7%
Total Consumer Staples				686,372,569		7.8%
Energy — (14.0%)
#*Anadarko Petroleum Corp.		2,760,568		169,968,172		1.9%
#Chesapeake Energy Corp.		3,103,882		67,354,239		0.8%
*Chevron Corp.		999,295		82,551,760		0.9%
#*ConocoPhillips		5,935,876		352,591,034		4.0%
Hess Corp.		1,348,669		85,006,607		1.0%
*Marathon Oil Corp.		3,475,819		123,634,882		1.4%
National-Oilwell, Inc.		1,945,893		104,611,208		1.2%
*Valero Energy Corp.		2,637,648		47,345,782		0.5%
Other Securities				333,750,889		3.8%
Total Energy				1,366,814,573		15.5%
Financials — (19.2%)
*Bank of America Corp.		19,776,300		226,240,872		2.6%
#*Capital One Financial Corp.		2,303,387		85,847,234		1.0%
*Citigroup, Inc.		66,697,025		278,126,594		3.1%
CME Group, Inc.		293,931		85,137,114		1.0%
#*Hartford Financial Services Group, Inc.		1,998,882		47,933,190		0.5%
*Loews Corp.		2,592,160		102,338,477		1.2%
#*MetLife, Inc.		4,397,300		177,343,109		2.0%
*Morgan Stanley		2,707,152		67,326,870		0.8%
#*Prudential Financial, Inc.		2,043,858		107,466,054		1.2%
#*SunTrust Banks, Inc.		2,311,090		57,823,472		0.7%
#Travelers Cos., Inc. (The)		1,196,594		66,051,989		0.7%
Other Securities				576,347,243		6.5%
Total Financials				1,877,982,218		21.3%
Health Care — (8.0%)
*Aetna, Inc.		1,935,699		57,799,972		0.7%
*Pfizer, Inc.		10,541,551		183,422,987		2.1%
*Thermo Fisher Scientific, Inc.		1,915,352		98,487,400		1.1%
#UnitedHealth Group, Inc.		2,647,609		95,446,304		1.1%
*WellPoint, Inc.		2,580,122		140,203,829		1.6%
Other Securities				205,647,709		2.3%
Total Health Care				781,008,201		8.9%

202

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

	Shares		Value†		Percentage     of Net Assets**
Industrials — (12.7%)
*CSX Corp.		2,287,204	$	140,548,686		1.6%
General Electric Co.		19,264,818		308,622,384		3.5%
*Norfolk Southern Corp.		2,186,220		134,430,668		1.5%
#*Northrop Grumman Corp.		1,926,678		121,785,316		1.4%
*Southwest Airlines Co.		4,316,432		59,394,104		0.7%
*Union Pacific Corp.		2,835,808		248,643,645		2.8%
Other Securities				224,330,398		2.5%
Total Industrials				1,237,755,201		14.0%
Information Technology — (2.9%)
Other Securities				287,523,914		3.3%
Materials — (3.1%)
#*Alcoa, Inc.		5,082,514		66,733,409		0.7%
*International Paper Co.		2,298,491		58,105,852		0.7%
Other Securities				178,601,082		2.0%
Total Materials				303,440,343		3.4%
Telecommunication Services — (5.6%)
*AT&T, Inc.		11,515,790		328,200,015		3.7%
#*CenturyLink, Inc.		1,178,012		48,746,137		0.6%
*Sprint Nextel Corp.		13,734,331		56,585,444		0.6%
*Verizon Communications, Inc.		2,096,010		68,057,445		0.8%
Other Securities				43,693,274		0.5%
Total Telecommunication Services				545,282,315		6.2%
Utilities — (1.1%)
*Public Service Enterprise Group, Inc.		1,668,763		53,984,483		0.6%
Other Securities				51,447,310		0.6%
Total Utilities				105,431,793		1.2%
TOTAL COMMON STOCKS				8,790,214,178		99.7%
TEMPORARY CASH INVESTMENTS — (0.3%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		32,140,674		32,140,674		0.3%
	Shares/ Face Amount
	(000)
SECURITIES LENDING COLLATERAL — (9.7%)
§@DFA Short Term Investment Fund		936,367,625		936,367,625		10.6%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.23%, 11/01/10 (Collateralized by $4,388,158 FNMA 3.500%, 10/01/20, valued at $4,590,901) to be repurchased at $4,457,270	$	4,457		4,457,185		0.1%
TOTAL SECURITIES LENDING COLLATERAL				940,824,810		10.7%
TOTAL INVESTMENTS — (100.0%)
(Cost $7,923,085,138)			$	9,763,179,662		110.7%

203

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

Summary of inputs used to value the Series’ investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	1,598,603,051		—		—	$	1,598,603,051
Consumer Staples		686,372,569		—		—		686,372,569
Energy		1,366,814,573		—		—		1,366,814,573
Financials		1,877,982,218		—		—		1,877,982,218
Health Care		781,008,201		—		—		781,008,201
Industrials		1,237,755,201		—		—		1,237,755,201
Information Technology		287,523,914		—		—		287,523,914
Materials		303,440,343		—		—		303,440,343
Telecommunication Services		545,282,315		—		—		545,282,315
Utilities		105,431,793		—		—		105,431,793
Temporary Cash Investments		32,140,674		—		—		32,140,674
Securities Lending Collateral		—	$	940,824,810		—		940,824,810
TOTAL	$	8,822,354,852	$	940,824,810		—	$	9,763,179,662

See accompanying Notes to Financial Statements.

204

THE DFA INTERNATIONAL VALUE SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage     of Net Assets**
COMMON STOCKS — (85.2%)
AUSTRALIA — (5.0%)
Australia & New Zealand Banking Group, Ltd.		2,206,006	$	53,819,204		0.8%
#National Australia Bank, Ltd.		2,107,947		52,758,343		0.8%
Wesfarmers, Ltd.		2,331,991		75,875,057		1.1%
Other Securities				224,889,210		3.2%
TOTAL AUSTRALIA				407,341,814		5.9%
AUSTRIA — (0.4%)
Other Securities				29,957,894		0.4%
BELGIUM — (0.6%)
Other Securities				46,661,837		0.7%
CANADA — (9.6%)
#Encana Corp.		2,051,015		57,936,800		0.9%
#Sun Life Financial, Inc.		1,367,335		38,691,331		0.6%
#Suncor Energy, Inc.		2,191,586		70,223,581		1.0%
#Talisman Energy, Inc.		2,353,184		42,661,410		0.6%
Teck Resources, Ltd. Class B		1,418,230		63,409,440		0.9%
#Thomson Reuters Corp.		1,832,184		69,971,141		1.0%
#TransCanada Corp.		1,941,948		71,725,837		1.0%
Other Securities				358,917,190		5.2%
TOTAL CANADA				773,536,730		11.2%
DENMARK — (1.3%)
Other Securities				108,243,005		1.6%
FINLAND — (0.8%)
Other Securities				61,678,555		0.9%
FRANCE — (7.0%)
AXA SA		2,818,397		51,399,167		0.8%
BNP Paribas SA		607,569		44,441,191		0.6%
Cie de Saint-Gobain SA		875,747		41,144,800		0.6%
GDF Suez SA		1,019,150		40,722,357		0.6%
Societe Generale Paris SA		1,074,333		64,422,284		0.9%
Vivendi SA		2,798,643		79,971,735		1.2%
Other Securities				244,435,064		3.5%
TOTAL FRANCE				566,536,598		8.2%
GERMANY — (7.9%)
Allianz SE.		481,474		60,300,624		0.9%
Bayerische Motoren Werke AG		915,762		65,634,885		1.0%
*Daimler AG		2,088,586		138,020,977		2.0%
Deutsche Bank AG		987,090		56,862,241		0.8%
Deutsche Telekom AG		2,852,483		41,282,568		0.6%
#Deutsche Telekom AG Sponsored ADR		3,099,741		44,667,268		0.6%
Munchener Rueckversicherungs-Gesellschaft AG		412,644		64,496,557		0.9%
Other Securities				169,733,757		2.5%
TOTAL GERMANY				640,998,877		9.3%
GREECE — (0.1%)
Other Securities				8,298,682		0.1%
HONG KONG — (1.5%)
Hutchison Whampoa, Ltd.		5,621,000		55,586,897		0.8%
Other Securities				65,265,505		0.9%
TOTAL HONG KONG				120,852,402		1.7%

205

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
IRELAND — (0.1%)
Other Securities			$	4,941,532		0.1%
ISRAEL — (0.4%)
Other Securities				29,466,537		0.4%
ITALY — (1.8%)
Intesa Sanpaolo SpA		10,656,633		37,481,113		0.5%
#UniCredit SpA		15,858,749		41,344,820		0.6%
Other Securities				69,762,927		1.0%
TOTAL ITALY				148,588,860		2.1%
JAPAN — (17.3%)
FUJIFILM Holdings Corp.		1,327,000		44,270,853		0.6%
#Nissan Motor Co., Ltd.		4,831,600		42,464,027		0.6%
#Sony Corp. Sponsored ADR		1,801,665		60,968,344		0.9%
#Sumitomo Corp.		3,241,900		41,045,075		0.6%
Other Securities				1,210,511,398		17.5%
TOTAL JAPAN				1,399,259,697		20.2%
MALAYSIA — (0.0%)
Other Securities				—		0.0%
NETHERLANDS — (3.3%)
#ArcelorMittal NV		2,446,831		79,175,937		1.2%
*ING Groep NV		3,356,113		35,906,230		0.5%
Koninklijke Philips Electronics NV		2,087,065		63,660,707		0.9%
Other Securities				84,238,184		1.2%
TOTAL NETHERLANDS				262,981,058		3.8%
NEW ZEALAND — (0.1%)
Other Securities				4,293,061		0.1%
NORWAY — (1.0%)
Other Securities				84,129,497		1.2%
PORTUGAL — (0.1%)
Other Securities				8,195,419		0.1%
SINGAPORE — (1.4%)
Other Securities				109,763,918		1.6%
SPAIN — (2.1%)
#Repsol YPF SA Sponsored ADR		1,432,181		39,657,092		0.6%
Other Securities				130,802,294		1.9%
TOTAL SPAIN				170,459,386		2.5%
SWEDEN — (2.6%)
#Nordea Bank AB		5,498,608		60,543,289		0.9%
Other Securities				150,105,334		2.1%
TOTAL SWEDEN				210,648,623		3.0%
SWITZERLAND — (5.7%)
Compagnie Financiere Richemont SA Series A		897,817		44,781,503		0.6%
Credit Suisse Group AG		1,085,706		44,946,721		0.7%
#Holcim, Ltd. AG		739,477		46,066,677		0.7%
Swiss Reinsurance Co., Ltd. AG		931,611		44,761,229		0.6%
#*UBS AG		3,710,052		63,024,671		0.9%
Zurich Financial Services AG		322,634		78,954,165		1.1%
Other Securities				141,879,887		2.1%
TOTAL SWITZERLAND				464,414,853		6.7%

206

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
UNITED KINGDOM — (15.1%)
Aviva P.L.C.		7,396,866	$	47,172,407		0.7%
#Barclays P.L.C. Sponsored ADR		4,180,831		73,791,667		1.1%
International Power P.L.C.		6,483,180		43,257,401		0.6%
Kingfisher P.L.C.		10,285,817		39,184,977		0.6%
#Royal Dutch Shell P.L.C. ADR		3,170,896		203,952,031		2.9%
Vodafone Group P.L.C.		34,976,333		95,611,963		1.4%
#Vodafone Group P.L.C. Sponsored ADR		8,066,329		221,904,711		3.2%
William Morrison Supermarkets P.L.C.		8,127,143		38,248,483		0.5%
Xstrata P.L.C.		3,843,909		74,469,535		1.1%
Other Securities				384,330,100		5.6%
TOTAL UNITED KINGDOM				1,221,923,275		17.7%
TOTAL COMMON STOCKS				6,883,172,110		99.5%
	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.2%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $21,850,000 FHLMC 4.00%, 12/15/38, valued at $20,355,375) to be repurchased at $19,298,306	$	19,298		19,298,000		0.3%
	Shares/ Face Amount
	(000)
SECURITIES LENDING COLLATERAL — (14.6%)
§@DFA Short Term Investment Fund		1,175,802,100		1,175,802,100		17.0%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $3,305,966)## to be repurchased at $3,241,202	$	3,241		3,241,143		0.0%
TOTAL SECURITIES LENDING COLLATERAL				1,179,043,243		17.0%
TOTAL INVESTMENTS — (100.0%)
(Cost $6,502,731,182)			$	8,081,513,353		116.8%

207

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

Summary of inputs used to value the Series’ investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	5,383,963	$	401,957,851		—	$	407,341,814
Austria		—		29,957,894		—		29,957,894
Belgium		3,727,334		42,934,503		—		46,661,837
Canada		773,536,730		—		—		773,536,730
Denmark		—		108,243,005		—		108,243,005
Finland		2,054,844		59,623,711		—		61,678,555
France		11,057,872		555,478,726		—		566,536,598
Germany		104,531,048		536,467,829		—		640,998,877
Greece		1,399,460		6,899,222		—		8,298,682
Hong Kong		—		120,852,402		—		120,852,402
Ireland		4,941,532		—		—		4,941,532
Israel		3,608,246		25,858,291		—		29,466,537
Italy		28,604,870		119,983,990		—		148,588,860
Japan		134,121,326		1,265,138,371		—		1,399,259,697
Malaysia		—		—		—		—
Netherlands		17,912,213		245,068,845		—		262,981,058
New Zealand		—		4,293,061		—		4,293,061
Norway		367,187		83,762,310		—		84,129,497
Portugal		—		8,195,419		—		8,195,419
Singapore		—		109,763,918		—		109,763,918
Spain		55,573,325		114,886,061		—		170,459,386
Sweden		10,464,260		200,184,363		—		210,648,623
Switzerland		50,892,561		413,522,292		—		464,414,853
United Kingdom		579,019,350		642,903,925		—		1,221,923,275
Temporary Cash Investments		—		19,298,000		—		19,298,000
Securities Lending Collateral		—		1,179,043,243		—		1,179,043,243
TOTAL	$	1,787,196,121	$	6,294,317,232		—	$	8,081,513,353

See accompanying Notes to Financial Statements.

208

THE JAPANESE SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage of Net Assets**
COMMON STOCKS — (87.6%)
Consumer Discretionary — (20.8%)
Aoyama Trading Co., Ltd.		191,400	$	3,117,117		0.3%
Exedy Corp.		119,000		3,713,418		0.3%
#*Haseko Corp.		3,508,000		3,009,187		0.3%
Kayaba Industry Co., Ltd.		660,000		3,870,694		0.3%
K’s Holdings Corp.		156,927		3,899,809		0.3%
#Nifco, Inc.		162,700		4,093,473		0.3%
Sanrio Co., Ltd.		181,700		3,871,427		0.3%
Shimachu Co., Ltd.		145,700		2,985,858		0.2%
Toyobo Co., Ltd.		2,084,000		3,473,499		0.3%
Other Securities				252,875,512		20.9%
Total Consumer Discretionary				284,909,994		23.5%
Consumer Staples — (8.6%)
#Megmilk Snow Brand Co., Ltd.		178,400		3,151,536		0.2%
Morinaga Milk Industry Co., Ltd.		843,000		3,439,085		0.3%
Other Securities				111,091,940		9.2%
Total Consumer Staples				117,682,561		9.7%
Energy — (0.9%)
Other Securities				12,896,930		1.1%
Financials — (9.1%)
Bank of Okinawa, Ltd. (The)		88,100		3,389,540		0.3%
Century Tokyo Leasing Corp.		260,590		3,759,430		0.3%
Hokkoku Bank, Ltd. (The)		714,000		2,874,405		0.2%
Hyakugo Bank, Ltd. (The)		656,609		2,764,094		0.2%
Kiyo Holdings, Inc.		2,168,900		2,917,101		0.2%
Musashino Bank, Ltd.		105,600		3,066,201		0.3%
Tokai Tokyo Financial Holdings, Inc.		898,000		3,120,888		0.3%
Tokyo Tatemono Co., Ltd.		908,000		3,658,692		0.3%
Other Securities				99,413,439		8.2%
Total Financials				124,963,790		10.3%
Health Care — (3.9%)
Kaken Pharmaceutical Co., Ltd.		335,000		3,670,535		0.3%
#KYORIN Holdings, Inc.		178,000		2,764,121		0.2%
Nihon Kohden Corp.		151,200		2,874,009		0.3%
Nippon Shinyaku Co., Ltd.		229,000		3,248,584		0.3%
Nipro Corp.		180,100		3,671,774		0.3%
#Sawai Pharmaceutical Co., Ltd.		41,500		3,627,965		0.3%
Other Securities				34,031,234		2.8%
Total Health Care				53,888,222		4.5%
Industrials — (22.7%)
#Asahi Diamond Industrial Co., Ltd.		228,000		4,025,736		0.3%
*Duskin Co., Ltd.		184,400		3,241,457		0.3%
#Hitachi Zosen Corp.		2,175,500		3,134,938		0.3%
#Miura Co., Ltd.		131,300		2,967,570		0.2%
*Sankyu, Inc.		717,000		3,006,844		0.3%
Takara Standard Co., Ltd.		483,000		2,970,009		0.2%
Other Securities				291,980,548		24.1%
Total Industrials				311,327,102		25.7%
Information Technology — (9.8%)
#Anritsu Corp.		435,000		2,805,777		0.2%
*Dainippon Screen Manufacturing Co., Ltd.		731,000		4,159,684		0.4%

209

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††		Percentage of Net Assets**
Information Technology — (Continued)
Horiba, Ltd.		120,500	$	2,959,345		0.3%
IT Holdings Corp.		262,401		2,897,221		0.2%
#Kakaku.com, Inc.		573		2,765,044		0.2%
Nichicon Corp.		258,800		2,877,646		0.2%
Ryosan Co., Ltd.		122,000		3,004,852		0.3%
Other Securities				112,666,126		9.3%
Total Information Technology				134,135,695		11.1%
Materials — (11.2%)
Adeka Corp.		331,700		3,535,829		0.3%
FP Corp.		58,500		3,229,497		0.3%
#Kureha Corp.		545,500		3,096,346		0.3%
Nihon Parkerizing Co., Ltd.		230,000		3,013,274		0.2%
Nippon Denko Co., Ltd.		372,000		2,756,092		0.2%
Nippon Paint Co., Ltd.		691,200		5,107,460		0.4%
#NOF Corp.		673,000		3,103,136		0.3%
#Pacific Metals Co., Ltd.		341,000		2,835,502		0.2%
#*Taiheiyo Cement Corp.		2,740,000		2,957,582		0.2%
Toagosei Co., Ltd.		897,000		3,933,092		0.3%
Tokai Carbon Co., Ltd.		556,000		3,278,348		0.3%
Other Securities				116,125,372		9.6%
Total Materials				152,971,530		12.6%
Real Estate Investment Trusts — (0.0%)
Other Securities				25,319		0.0%
Telecommunication Services — (0.0%)
Other Securities				481,027		0.0%
Utilities — (0.6%)
#Saibu Gas Co., Ltd.		1,268,000		3,614,327		0.3%
Other Securities				5,093,434		0.4%
Total Utilities				8,707,761		0.7%
TOTAL COMMON STOCKS				1,201,989,931		99.2%
RIGHTS/WARRANTS — (0.0%)
Other Securities				—		0.0%
TOTAL RIGHTS/WARRANTS				—		0.0%
	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.2%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $4,900,000 FNMA 5.50%, 12/01/38,valued at $2,521,716) to be repurchased at $2,483,039	$	2,483		2,483,000		0.2%
	Shares/ Face Amount
	(000)
SECURITIES LENDING COLLATERAL — (12.2%)
§@DFA Short Term Investment Fund		165,468,050		165,468,050		13.7%

210

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares/ Face Amount		Value†		Percentage of Net Assets**
	(000)
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $2,795,227)## to be repurchased at $2,740,469	$	2,740	$	2,740,419		0.2%
TOTAL SECURITIES LENDING COLLATERAL				168,208,469		13.9%
TOTAL INVESTMENTS — (100.0%)
(Cost $1,588,187,054)			$	1,372,681,400		113.3%

Summary of inputs used to value the Series’ investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	65,037	$	284,844,957		—	$	284,909,994
Consumer Staples		—		117,682,561		—		117,682,561
Energy		—		12,896,930		—		12,896,930
Financials		—		124,963,790		—		124,963,790
Health Care		—		53,888,222		—		53,888,222
Industrials		1,805,746		309,521,356		—		311,327,102
Information Technology		—		134,135,695		—		134,135,695
Materials		79,110		152,892,420		—		152,971,530
Real Estate Investment Trusts		—		25,319		—		25,319
Telecommunication Services		—		481,027		—		481,027
Utilities		—		8,707,761		—		8,707,761
Rights/Warrants		—		—		—		—
Temporary Cash Investments		—		2,483,000		—		2,483,000
Securities Lending Collateral		—		168,208,469		—		168,208,469
TOTAL	$	1,949,893	$	1,370,731,507		—	$	1,372,681,400

See accompanying Notes to Financial Statements.

211

THE ASIA PACIFIC SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage     of Net Assets**
COMMON STOCKS — (86.2%)
AUSTRALIA — (51.7%)
Adelaide Brighton, Ltd.		1,781,776	$	6,244,398		0.7	%
*Andean Resources, Ltd.		1,464,837		9,136,669		1.0	%
Ansell, Ltd.		473,632		6,295,905		0.7	%
APA Group, Ltd.		1,702,846		6,518,392		0.7	%
Australian Infrastructure Fund NL		3,018,033		5,854,222		0.6	%
Australian Pharmaceutical Industries, Ltd.		8,248,388		4,170,326		0.5	%
*AWB, Ltd.		3,807,619		5,542,901		0.6	%
Boart Longyear Group		1,686,718		5,985,737		0.6	%
Bradken, Ltd.		589,828		4,743,303		0.5	%
#Campbell Brothers, Ltd.		290,863		10,019,193		1.1	%
Challenger Financial Services Group, Ltd.		1,750,037		7,893,293		0.8	%
#ConnectEast Group, Ltd.		13,951,937		5,936,849		0.6	%
Consolidated Media Holdings, Ltd.		1,225,674		4,026,953		0.4	%
#David Jones, Ltd.		1,447,885		6,744,051		0.7	%
DUET Group, Ltd.		3,300,250		5,624,843		0.6	%
#Flight Centre, Ltd.		192,954		4,317,514		0.5	%
Goodman Fielder, Ltd.		4,757,757		6,917,187		0.7	%
Graincorp, Ltd Series A		634,518		4,678,450		0.5	%
#GUD Holdings, Ltd.		387,740		3,972,190		0.4	%
*Iluka Resources, Ltd.		1,472,781		9,747,906		1.0	%
#IOOF Holdings, Ltd.		950,183		6,692,291		0.7	%
#JB Hi-Fi, Ltd.		379,557		7,396,694		0.8	%
#*Karoon Gas Australia, Ltd.		667,086		6,155,517		0.7	%
#Kingsgate Consolidated, Ltd.		409,970		4,028,563		0.4	%
*Lynas Corp., Ltd.		6,385,207		9,202,825		1.0	%
Monadelphous Group, Ltd.		302,955		4,963,891		0.5	%
*Mount Gibson Iron, Ltd.		2,962,399		5,885,580		0.6	%
Navitas, Ltd.		1,205,167		4,521,704		0.5	%
*Pacific Brands, Ltd.		4,412,120		4,698,942		0.5	%
*PanAust, Ltd.		8,757,197		6,425,678		0.7	%
#Perpetual Trustees Australia, Ltd.		145,492		5,401,823		0.6	%
#*Perseus Mining, Ltd.		1,377,405		4,047,188		0.4	%
Primary Health Care, Ltd.		1,717,450		5,255,394		0.6	%
#Reece Australia, Ltd.		238,457		5,205,510		0.6	%
*Riversdale Mining, Ltd.		816,637		8,595,557		0.9	%
#SAI Global, Ltd.		992,324		4,250,991		0.5	%
#Seek, Ltd.		666,916		4,729,187		0.5	%
*Seven Group Holdings, Ltd.		723,898		5,239,495		0.6	%
Spark Infrastructure Group, Ltd.		4,454,005		4,887,344		0.5	%
*St. Barbara, Ltd.		9,348,675		3,822,176		0.4	%
Super Cheap Auto Group, Ltd.		832,879		5,437,284		0.6	%
#*Ten Network Holdings, Ltd.		3,318,272		4,685,349		0.5	%
Transfield Services, Ltd.		1,322,886		4,492,942		0.5	%
UGL, Ltd.		332,576		4,807,541		0.5	%
#West Australian Newspapers Holdings, Ltd.		756,808		5,306,719		0.6	%
Other Securities				294,878,501		31.5	%
TOTAL AUSTRALIA				555,384,968		59.4	%
HONG KONG — (19.2%)
Giordano International, Ltd.		6,824,000		4,100,503		0.5	%
Pacific Basin Shipping, Ltd.		6,240,000		4,568,892		0.5	%
#Techtronic Industries Co., Ltd.		4,614,000		4,679,234		0.5	%
Other Securities				192,854,699		20.6	%
TOTAL HONG KONG				206,203,328		22.1	%
MALAYSIA — (0.0%)
Other Securities				4,146		0.0	%

212

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
NEW ZEALAND — (5.0%)
Fisher & Paykel Healthcare Corp., Ltd.		2,402,700	$	5,939,087		0.6%
Sky City Entertainment Group, Ltd.		2,560,206		5,904,284		0.6%
Other Securities				41,495,909		4.5%
TOTAL NEW ZEALAND				53,339,280		5.7%
SINGAPORE — (10.3%)
Other Securities				110,662,728		11.8%
TOTAL COMMON STOCKS				925,594,450		99.0%
PREFERRED STOCKS — (0.1%)
AUSTRALIA — (0.1%)
Other Securities				780,533		0.1%
RIGHTS/WARRANTS — (0.0%)
AUSTRALIA — (0.0%)
Other Securities				20,891		0.0%
HONG KONG — (0.0%)
Other Securities				15,765		0.0%
SINGAPORE — (0.0%)
Other Securities				182,728		0.0%
TOTAL RIGHTS/WARRANTS				219,384		0.0%
	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.0%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $80,000 FNMA 3.126%(r), 09/01/40,valued at $82,211) to be repurchased at $77,001	$	77		77,000		0.0%
	Shares/ Face Amount
	(000)
SECURITIES LENDING COLLATERAL — (13.7%)
§@DFA Short Term Investment Fund		146,838,427		146,838,427		15.7%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $370,085)## to be repurchased at $362,835	$	363		362,828		0.0%
TOTAL SECURITIES LENDING COLLATERAL				147,201,255		15.7%
TOTAL INVESTMENTS — (100.0%)
(Cost $876,704,734)			$	1,073,872,622		114.8%

213

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

Summary of inputs used to value the Series’ investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	1,165,043	$	554,219,925		—	$	555,384,968
Hong Kong		405,141		205,798,187		—		206,203,328
Malaysia		—		4,146		—		4,146
New Zealand		—		53,339,280		—		53,339,280
Singapore		791,703		109,871,025		—		110,662,728
Preferred Stocks
Australia		—		780,533		—		780,533
Rights/Warrants
Australia		4,411		16,480		—		20,891
Hong Kong		6,899		8,866		—		15,765
Singapore		178,498		4,230		—		182,728
Temporary Cash Investments		—		77,000		—		77,000
Securities Lending Collateral		—		147,201,255		—		147,201,255
TOTAL	$	2,551,695	$	1,071,320,927		—	$	1,073,872,622

See accompanying Notes to Financial Statements.

214

THE UNITED KINGDOM SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage of Net Assets**
COMMON STOCKS — (98.0%)
Consumer Discretionary — (21.1%)
Aegis Group P.L.C.		3,149,142	$	6,347,400		0.6%
Daily Mail & General Trust P.L.C. Series A		939,198		8,093,650		0.8%
GKN P.L.C.		3,830,675		10,884,024		1.0%
*Inchcape P.L.C.		1,428,910		7,985,145		0.8%
Informa P.L.C.		1,449,124		10,132,278		1.0%
*ITV P.L.C.		6,035,176		6,610,726		0.6%
Thomas Cook Group P.L.C.		2,420,264		7,015,506		0.7%
United Business Media P.L.C.		864,643		9,112,387		0.9%
Other Securities				155,308,325		15.0%
Total Consumer Discretionary				221,489,441		21.4%
Consumer Staples — (4.4%)
Britvic P.L.C.		834,762		6,452,199		0.6%
PZ Cussons P.L.C.		1,298,024		8,383,476		0.8%
Tate & Lyle P.L.C.		1,062,662		8,557,114		0.8%
Other Securities				22,240,791		2.2%
Total Consumer Staples				45,633,580		4.4%
Energy — (4.9%)
John Wood Group P.L.C.		1,070,261		7,467,982		0.7%
*Premier Oil P.L.C.		380,328		10,244,418		1.0%
Other Securities				33,232,071		3.2%
Total Energy				50,944,471		4.9%
Financials — (13.2%)
Aberdeen Asset Management P.L.C.		2,558,118		7,286,080		0.7%
Amlin P.L.C.		1,697,546		11,055,901		1.1%
Catlin Group, Ltd. P.L.C.		1,219,427		6,808,962		0.7%
Close Brothers Group P.L.C.		504,375		6,234,621		0.6%
Hiscox, Ltd. P.L.C.		1,517,006		8,610,598		0.8%
IG Group Holdings P.L.C.		1,241,907		10,506,913		1.0%
Other Securities				88,142,014		8.5%
Total Financials				138,645,089		13.4%
Health Care — (3.1%)
SSL International P.L.C.		753,239		13,988,081		1.4%
Other Securities				18,005,851		1.7%
Total Health Care				31,993,932		3.1%
Industrials — (30.2%)
Babcock International Group P.L.C.		1,286,052		11,951,794		1.1%
Balfour Beatty P.L.C.		2,390,347		10,598,680		1.0%
Carillion P.L.C.		1,523,518		8,415,082		0.8%
Charter International P.L.C.		614,873		7,280,103		0.7%
*Cookson Group P.L.C.		963,139		7,951,358		0.8%
Firstgroup P.L.C.		1,591,971		10,410,372		1.0%
Hays P.L.C.		4,753,935		8,419,027		0.8%
Homeserve P.L.C.		1,100,525		7,992,806		0.8%
IMI P.L.C.		1,191,221		15,063,796		1.5%
Intertek Group P.L.C.		539,854		16,045,765		1.5%
Meggitt P.L.C.		2,289,633		12,104,196		1.2%
Melrose P.L.C.		1,598,881		7,213,870		0.7%
Michael Page International P.L.C.		1,235,568		9,325,627		0.9%
Rotork P.L.C.		348,025		9,332,212		0.9%
Spirax-Sarco Engineering P.L.C.		301,608		8,735,351		0.8%
*Travis Perkins P.L.C.		667,086		8,842,161		0.8%

215

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
Industrials — (Continued)
Ultra Electronics Holdings P.L.C.		267,145	$	7,961,510		0.8%
Weir Group P.L.C. (The)		362,747		9,053,724		0.9%
Other Securities				139,720,768		13.5%
Total Industrials				316,418,202		30.5%
Information Technology — (10.9%)
Aveva Group P.L.C.		274,171		6,542,840		0.6%
Halma P.L.C.		1,461,044		7,648,991		0.7%
Logica P.L.C.		5,706,484		11,833,154		1.2%
*Misys P.L.C.		1,833,430		8,254,976		0.8%
Spectris P.L.C.		490,382		8,864,013		0.9%
Other Securities				70,641,956		6.8%
Total Information Technology				113,785,930		11.0%
Materials — (5.5%)
Croda International P.L.C.		484,717		11,168,074		1.1%
Mondi P.L.C.		1,078,021		8,976,093		0.9%
Victrex P.L.C.		321,880		6,661,744		0.6%
Other Securities				30,630,959		2.9%
Total Materials				57,436,870		5.5%
Telecommunication Services — (2.0%)
*Cable & Wireless Communications P.L.C.		8,687,193		7,446,715		0.7%
Other Securities				13,913,823		1.3%
Total Telecommunication Services				21,360,538		2.0%
Utilities — (2.7%)
*Drax Group P.L.C.		1,259,220		7,673,881		0.8%
Northumbrian Water Group P.L.C.		1,699,783		9,642,375		0.9%
Pennon Group P.L.C.		1,133,145		11,308,526		1.1%
Other Securities				194,931		0.0%
Total Utilities				28,819,713		2.8%
TOTAL COMMON STOCKS				1,026,527,766		99.0%
PREFERRED STOCKS — (0.0%)
Consumer Staples — (0.0%)
Other Securities				4,351		0.0%
RIGHTS/WARRANTS — (0.0%)
Other Securities				41,892		0.0%
	Face Amount		Value†
		(000)
TEMPORARY CASH INVESTMENTS — (0.0%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $5,000 FHLMC 5.00%, 10/15/19,valued at $5,656) to be repurchased at $3,000	$	3		3,000		0.0%
	Shares/ Face Amount
		(000)
SECURITIES LENDING COLLATERAL — (2.0%)
§@DFA Short Term Investment Fund		19,629,803		19,629,803		1.9%

216

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares/ Face Amount		Value†		Percentage     of Net Assets**
	(000)
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $1,711,232)## to be repurchased at $1,677,709	$	1,678	$	1,677,678		0.2%
TOTAL SECURITIES LENDING COLLATERAL				21,307,481		2.1%
TOTAL INVESTMENTS — (100.0%)
(Cost $953,563,812)			$	1,047,884,490		101.1%

Summary of inputs used to value the Series’ investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3	Total
Common Stocks
Consumer Discretionary	$	743,701	$	220,745,740	—	$	221,489,441
Consumer Staples		757,384		44,876,196	—		45,633,580
Energy		—		50,944,471	—		50,944,471
Financials		6,802		138,638,287	—		138,645,089
Health Care		—		31,993,932	—		31,993,932
Industrials		624,113		315,794,089	—		316,418,202
Information Technology		—		113,785,930	—		113,785,930
Materials		—		57,436,870	—		57,436,870
Telecommunication Services		—		21,360,538	—		21,360,538
Utilities		—		28,819,713	—		28,819,713
Preferred Stocks
Consumer Staples		—		4,351	—		4,351
Rights/Warrants		—		41,892	—		41,892
Temporary Cash Investments		—		3,000	—		3,000
Securities Lending Collateral		—		21,307,481	—		21,307,481
TOTAL	$	2,132,000	$	1,045,752,490	—	$	1,047,884,490

See accompanying Notes to Financial Statements.

217

THE CONTINENTAL SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage     of Net Assets**
COMMON STOCKS — (85.5%)
AUSTRIA — (2.3%)
Andritz AG		116,739	$	8,946,425		0.4%
Other Securities				47,555,943		2.3%
TOTAL AUSTRIA				56,502,368		2.7%
BELGIUM — (3.4%)
Ackermans & van Haaren NV		81,854		7,061,891		0.3%
Bekaert SA		32,765		10,044,157		0.5%
D’Ieteren SA		12,906		7,043,989		0.3%
Other Securities				57,597,781		2.8%
TOTAL BELGIUM				81,747,818		3.9%
DENMARK — (2.5%)
Other Securities				60,941,548		2.9%
FINLAND — (5.7%)
KCI Konecranes Oyj		232,703		9,278,182		0.5%
Kesko Oyj		138,078		6,852,025		0.3%
Other Securities				121,719,940		5.9%
TOTAL FINLAND				137,850,147		6.7%
FRANCE — (11.0%)
Arkema SA		199,362		12,882,495		0.6%
#Bourbon SA		155,755		7,098,282		0.3%
Gemalto NV		149,247		6,801,849		0.3%
#Neopost SA		86,402		7,177,299		0.4%
*Rhodia SA		311,738		8,691,016		0.4%
SEB SA		87,918		8,430,197		0.4%
Societe BIC SA		84,787		7,526,006		0.4%
*Valeo SA		232,962		12,592,625		0.6%
Zodiac Aerospace SA		105,911		7,489,218		0.4%
Other Securities				187,174,892		9.0%
TOTAL FRANCE				265,863,879		12.8%
GERMANY — (12.7%)
*Aareal Bank AG		302,222		7,378,490		0.3%
#Aixtron AG		314,748		10,249,247		0.5%
#Aurubis AG		144,707		7,460,677		0.4%
Bilfinger Berger SE		162,980		11,946,841		0.6%
MTU Aero Engines Holding AG		165,906		10,009,105		0.5%
Rheinmetall AG		111,360		8,031,101		0.4%
Rhoen-Klinikum AG		379,608		8,894,423		0.4%
#*SGL Carbon SE		217,830		8,077,263		0.4%
Software AG		70,053		9,809,297		0.5%
Symrise AG		278,877		8,494,967		0.4%
Wincor Nixdorf AG		112,151		8,204,044		0.4%
Other Securities				207,265,186		10.0%
TOTAL GERMANY				305,820,641		14.8%
GREECE — (2.4%)
Other Securities				57,410,789		2.8%
IRELAND — (2.4%)
DCC P.L.C.		308,989		8,941,049		0.4%
*Dragon Oil P.L.C.		1,347,570		9,665,121		0.5%
Paddy Power P.L.C.		180,573		7,291,136		0.3%

218

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
IRELAND — (Continued)
Other Securities			$	32,432,703		1.6%
TOTAL IRELAND				58,330,009		2.8%
ISRAEL — (2.5%)
Other Securities				59,837,955		2.9%
ITALY — (7.4%)
#Pirelli & Co. SpA		782,291		6,684,015		0.3%
Prysmian SpA		542,696		10,518,765		0.5%
Other Securities				161,636,889		7.8%
TOTAL ITALY				178,839,669		8.6%
NETHERLANDS — (4.9%)
*Crucell NV		230,971		7,476,179		0.4%
#Imtech NV		249,209		8,372,256		0.4%
Nutreco NV		136,273		9,927,338		0.5%
SBM Offshore NV		556,537		11,359,298		0.5%
Other Securities				80,715,939		3.9%
TOTAL NETHERLANDS				117,851,010		5.7%
NORWAY — (2.9%)
#TGS Nopec Geophysical Co. ASA		404,241		7,005,340		0.3%
Other Securities				62,350,129		3.0%
TOTAL NORWAY				69,355,469		3.3%
PORTUGAL — (0.9%)
Other Securities				22,377,327		1.1%
SPAIN — (5.2%)
Ebro Foods SA		312,280		6,867,586		0.3%
Other Securities				119,346,366		5.8%
TOTAL SPAIN				126,213,952		6.1%
SWEDEN — (6.3%)
#Elekta AB Series B		302,500		11,441,870		0.6%
Trelleborg AB Series B		878,565		8,280,093		0.4%
Other Securities				133,282,089		6.4%
TOTAL SWEDEN				153,004,052		7.4%
SWITZERLAND — (13.0%)
Aryzta AG		289,080		12,810,535		0.6%
*Clariant AG		877,755		14,844,717		0.7%
#Galenica Holding AG		17,786		8,595,752		0.4%
*GAM Holding AG		664,563		10,499,380		0.5%
#*Logitech International SA		590,988		11,204,264		0.5%
Nobel Biocare Holding AG		439,153		7,260,518		0.4%
PSP Swiss Property AG		141,111		10,844,983		0.5%
Sulzer AG		76,216		9,279,827		0.5%
Swiss Life Holding AG		66,645		8,155,630		0.4%
#*Temenos Group AG		198,827		6,664,445		0.3%
#Valiant Holding AG		45,484		7,107,562		0.4%
Other Securities				205,411,944		9.9%
TOTAL SWITZERLAND				312,679,557		15.1%
TOTAL COMMON STOCKS				2,064,626,190		99.6%
RIGHTS/WARRANTS — (0.0%)
AUSTRIA — (0.0%)
Other Securities				2,777		0.0%

219

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††		Percentage   of Net Assets**
BELGIUM — (0.0%)
Other Securities		$	1,158		0.0%
ITALY — (0.0%)
Other Securities			21,088		0.0%
TOTAL RIGHTS/WARRANTS			25,023		0.0%

	Face   Amount	Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.2%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $8,480,000 FNMA 5.50%, 12/01/38, valued at $4,364,113) to be repurchased at $4,298,068	$4,298		4,298,000	0.2%

	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (14.3%)
§@DFA Short Term Investment Fund	339,465,423	339,465,423	16.4%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $5,121,648)## to be repurchased at $5,021,316	$5,021	5,021,224	0.3%
TOTAL SECURITIES LENDING COLLATERAL		344,486,647	16.7%
TOTAL INVESTMENTS — (100.0%)     (Cost $2,089,127,748)		$2,413,435,860	116.5%

220

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

Summary of inputs used to value the Series’ investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Austria	$	107,937	$	56,394,431		—	$	56,502,368
Belgium		12		81,747,806		—		81,747,818
Denmark		74,652		60,866,896		—		60,941,548
Finland		—		137,850,147		—		137,850,147
France		243,069		265,620,810		—		265,863,879
Germany		116,993		305,703,648		—		305,820,641
Greece		249,728		57,161,061		—		57,410,789
Ireland		433,218		57,896,791		—		58,330,009
Israel		4,001,787		55,836,168		—		59,837,955
Italy		—		178,839,669		—		178,839,669
Netherlands		1,759,091		116,091,919		—		117,851,010
Norway		—		69,355,469		—		69,355,469
Portugal		1,012,387		21,364,940		—		22,377,327
Spain		—		126,213,952		—		126,213,952
Sweden		—		153,004,052		—		153,004,052
Switzerland		494,724		312,184,833		—		312,679,557
Rights/Warrants
Austria		—		2,777		—		2,777
Belgium		1,050		108		—		1,158
Italy		9,127		11,961		—		21,088
Temporary Cash Investments		—		4,298,000		—		4,298,000
Securities Lending Collateral		—		344,486,647		—		344,486,647
TOTAL	$	8,503,775	$	2,404,932,085		—	$	2,413,435,860

See accompanying Notes to Financial Statements.

221

THE CANADIAN SMALL COMPANY SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage     of Net Assets**
COMMON STOCKS — (79.4%)
Consumer Discretionary — (8.3%)
Astral Media, Inc. Class A		186,347	$	7,472,882		1.1%
Corus Entertainment, Inc. Class B		278,300		6,008,595		0.9%
#Groupe Aeroplan, Inc.		593,776		7,219,161		1.1%
#*Imax Corp.		270,137		5,861,488		0.9%
#Quebecor, Inc. Class B		159,493		5,753,258		0.9%
*RONA, Inc.		442,375		5,638,666		0.9%
Other Securities				31,398,080		4.7%
Total Consumer Discretionary				69,352,130		10.5%
Consumer Staples — (2.0%)
Other Securities				16,936,325		2.6%
Energy — (14.2%)
#*Bankers Petroleum, Ltd.		759,182		5,322,239		0.8%
*Crew Energy, Inc.		268,096		5,183,698		0.8%
#Progress Energy Resources Corp.		387,604		4,115,846		0.6%
ShawCor, Ltd.		209,500		6,445,838		1.0%
Trican Well Service, Ltd.		494,693		8,575,519		1.3%
#*Uranium One, Inc.		1,819,900		7,440,909		1.1%
Other Securities				81,350,490		12.2%
Total Energy				118,434,539		17.8%
Financials — (5.4%)
AGF Management, Ltd. Class B		330,879		5,375,689		0.8%
#Canadian Western Bank		226,200		5,624,504		0.8%
#Home Capital Group, Inc.		113,700		5,354,457		0.8%
#TMX Group, Inc.		194,874		6,481,151		1.0%
Other Securities				22,319,762		3.4%
Total Financials				45,155,563		6.8%
Health Care — (3.6%)
#*MDS, Inc.		464,108		5,196,699		0.8%
*SXC Health Solutions Corp.		184,318		7,196,336		1.1%
#Valeant Pharmaceuticals International, Inc.		302,138		8,359,971		1.2%
Other Securities				9,196,218		1.4%
Total Health Care				29,949,224		4.5%
Industrials — (7.6%)
#CAE, Inc.		358,590		4,022,227		0.6%
IESI-BFC, Ltd.		293,935		6,879,330		1.0%
Russel Metals, Inc.		229,900		4,526,318		0.7%
*Stantec, Inc.		159,195		4,400,144		0.7%
#Superior Plus Corp.		367,830		4,381,934		0.7%
Toromont Industries, Ltd.		262,959		7,495,066		1.1%
Other Securities				32,005,570		4.8%
Total Industrials				63,710,589		9.6%
Information Technology — (4.5%)
*Celestica, Inc.		797,607		6,717,761		1.0%
*MacDonald Dettweiler & Associates, Ltd.		143,020		7,125,058		1.1%
#*Open Text Corp.		135,242		5,983,056		0.9%
Other Securities				17,352,359		2.6%
Total Information Technology				37,178,234		5.6%
Materials — (32.8%)
#Alamos Gold, Inc.		396,920		6,145,080		0.9%

222

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
Materials — (Continued)
#*Consolidated Thompson Iron Mines, Ltd.		656,633	$	6,360,951		1.0%
*Detour Gold Corp.		237,256		6,929,950		1.0%
#*Eastern Platinum, Ltd.		2,845,360		5,189,106		0.8%
#*Equinox Minerals, Ltd.		1,652,990		8,978,885		1.4%
#*Euro Goldfields, Ltd.		494,960		6,687,468		1.0%
#*Golden Star Resources, Ltd.		870,710		4,567,407		0.7%
#HudBay Minerals, Inc.		498,098		7,862,906		1.2%
*Lundin Mining Corp.		1,147,100		7,265,679		1.1%
Methanex Corp.		359,200		10,002,236		1.5%
*New Gold, Inc.		908,957		6,728,724		1.0%
#*Novagold Resources, Inc.		499,855		5,606,767		0.8%
#Pan Amer Silver Corp.		220,900		7,067,327		1.1%
#*Quadra FNX Mining, Ltd.		543,917		7,679,581		1.2%
#*SEMAFO, Inc.		867,985		10,416,841		1.6%
Sherritt International Corp.		888,402		6,907,567		1.0%
#*Silver Standard Resources, Inc.		266,867		6,489,167		1.0%
Silvercorp Metals, Inc.		528,430		4,942,859		0.7%
#*Taseko Mines, Ltd.		649,000		4,104,373		0.6%
#*Thompson Creek Metals Co., Inc.		474,700		5,715,576		0.9%
#West Fraser Timber Co., Ltd.		123,716		5,373,683		0.8%
#*Western Coal Corp.		688,705		4,659,344		0.7%
Other Securities				128,192,410		19.3%
Total Materials				273,873,887		41.3%
Telecommunication Services — (0.3%)
Other Securities				2,260,301		0.3%
Utilities — (0.7%)
Other Securities				6,102,692		0.9%
TOTAL COMMON STOCKS				662,953,484		99.9%
	Face   Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.1%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $585,000 FHLMC 5.00%, 10/15/19valued at $661,781) to be repurchased at $649,010		$649		649,000		0.1%
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (20.5%)
§@DFA Short Term Investment Fund		168,636,615		168,636,615		25.4%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $2,868,042)## to be repurchased at $2,811,858		$2,812		2,811,806		0.4%
TOTAL SECURITIES LENDING COLLATERAL				171,448,421		25.8%
TOTAL INVESTMENTS — (100.0%)     (Cost $792,036,344)			$	835,050,905		125.8%

223

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

Summary of inputs used to value the Series’ investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	69,352,130		—		—	$	69,352,130
Consumer Staples		16,936,325		—		—		16,936,325
Energy		118,434,539		—		—		118,434,539
Financials		45,155,563		—		—		45,155,563
Health Care		29,949,224		—		—		29,949,224
Industrials		63,710,589		—		—		63,710,589
Information Technology		37,178,234		—		—		37,178,234
Materials		273,873,887		—		—		273,873,887
Telecommunication Services		2,260,301		—		—		2,260,301
Utilities		6,102,692		—		—		6,102,692
Temporary Cash Investments		—	$	649,000		—		649,000
Securities Lending Collateral		—		171,448,421		—		171,448,421
TOTAL	$	662,953,484	$	172,097,421		—	$	835,050,905

See accompanying Notes to Financial Statements.

224

THE EMERGING MARKETS SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage     of Net Assets**
COMMON STOCKS — (84.7%)
BRAZIL — (3.1%)
Cia Siderurgica Nacional SA		734,552	$	12,161,171		0.5%
Petroleo Brasilerio SA ADR		1,009,389		34,440,353		1.4%
Other Securities				38,669,099		1.5%
TOTAL BRAZIL				85,270,623		3.4%
CHILE — (2.0%)
Other Securities				53,671,271		2.1%
CHINA — (11.3%)
Bank of China, Ltd.		36,691,000		22,085,287		0.9%
China Construction Bank Corp.		21,737,000		20,780,648		0.8%
#China Life Insurance Co., Ltd. ADR		250,705		16,488,868		0.6%
#China Mobile, Ltd. Sponsored ADR		696,697		35,789,325		1.4%
#CNOOC, Ltd. ADR		68,756		14,364,504		0.6%
Industrial & Commercial Bank of China, Ltd. Series H		34,093,000		27,543,516		1.1%
PetroChina Co., Ltd. ADR		115,210		14,165,070		0.6%
Tencent Holdings, Ltd.		700,600		16,123,103		0.6%
Other Securities				136,946,084		5.4%
TOTAL CHINA				304,286,405		12.0%
COLOMBIA — (0.3%)
Other Securities				7,472,398		0.3%
CZECH REPUBLIC — (0.7%)
CEZ A.S.		254,916		11,272,835		0.4%
Other Securities				7,245,270		0.3%
TOTAL CZECH REPUBLIC				18,518,105		0.7%
EGYPT — (0.1%)
Other Securities				3,589,496		0.1%
HUNGARY — (1.0%)
Other Securities				26,401,798		1.0%
INDIA — (10.8%)
HDFC Bank, Ltd.		378,035		19,427,251		0.8%
Infosys Technologies, Ltd.		398,967		26,735,874		1.1%
#Infosys Technologies, Ltd. Sponsored ADR		233,496		15,746,970		0.6%
ITC, Ltd.		3,212,684		12,399,207		0.5%
Larsen & Toubro, Ltd.		282,173		12,860,404		0.5%
Reliance Industries, Ltd.		1,898,511		46,866,998		1.8%
Tata Consultancy Services, Ltd.		641,575		15,223,695		0.6%
Other Securities				142,815,741		5.6%
TOTAL INDIA				292,076,140		11.5%
INDONESIA — (2.8%)
PT Astra International Tbk		2,821,561		18,065,369		0.7%
PT Telekomunikasi Indonesia Tbk		13,911,140		14,122,335		0.6%
Other Securities				43,866,000		1.7%
TOTAL INDONESIA				76,053,704		3.0%
ISRAEL — (0.0%)
Other Securities				38		0.0%
MALAYSIA — (4.5%)
CIMB Group Holdings Berhad		5,354,954		14,300,384		0.6%

225

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
MALAYSIA — (Continued)
Other Securities			$	106,241,503		4.2%
TOTAL MALAYSIA				120,541,887		4.8%
MEXICO — (6.7%)
America Movil S.A.B. de C.V. Series L		23,307,621		66,725,332		2.7%
#Fomento Economico Mexicano S.A.B. de C.V. Series B & D		2,109,900		11,602,058		0.5%
Grupo Mexico S.A.B. de C.V. Series B		4,075,517		13,426,630		0.5%
#Wal-Mart de Mexico S.A.B. de C.V. Series V		8,551,980		23,402,284		0.9%
Other Securities				66,525,865		2.6%
TOTAL MEXICO				181,682,169		7.2%
PERU — (0.4%)
Other Securities				9,785,049		0.4%
PHILIPPINES — (0.6%)
Other Securities				15,583,766		0.6%
POLAND — (1.4%)
Other Securities				39,187,798		1.5%
RUSSIA — (4.0%)
Gazprom OAO Sponsored ADR		1,743,505		38,174,119		1.5%
Lukoil OAO Sponsored ADR		354,178		19,750,701		0.8%
Other Securities				49,770,935		2.0%
TOTAL RUSSIA				107,695,755		4.3%
SOUTH AFRICA — (7.9%)
Impala Platinum Holdings, Ltd.		478,692		13,514,497		0.5%
MTN Group, Ltd.		1,659,950		29,395,910		1.2%
Naspers, Ltd. Series N		324,237		16,882,139		0.7%
#Sasol, Ltd. Sponsored ADR		920,291		41,643,168		1.6%
Standard Bank Group, Ltd.		861,864		12,676,857		0.5%
Other Securities				100,238,872		4.0%
TOTAL SOUTH AFRICA				214,351,443		8.5%
SOUTH KOREA — (12.0%)
#Hyundai Heavy Industries Co., Ltd.		47,395		15,460,234		0.6%
Hyundai Mobis		53,070		13,216,066		0.5%
Hyundai Motor Co., Ltd.		95,919		14,520,680		0.6%
#POSCO		46,060		19,010,253		0.8%
Samsung Electronics Co., Ltd.		97,139		64,444,531		2.5%
Samsung Electronics Co., Ltd. GDR		49,372		16,479,096		0.7%
Other Securities				180,231,033		7.1%
TOTAL SOUTH KOREA				323,361,893		12.8%
TAIWAN — (10.8%)
Formosa Chemicals & Fiber Co., Ltd.		4,232,445		12,103,668		0.5%
Formosa Plastics Corp.		5,051,648		14,473,970		0.6%
Hon Hai Precision Industry Co., Ltd.		5,190,997		19,632,544		0.8%
#HTC Corp.		553,558		12,553,253		0.5%
Nan Ya Plastic Corp.		6,817,564		15,144,810		0.6%
#Taiwan Semiconductor Manufacturing Co., Ltd.		22,386,808		46,056,661		1.8%
Other Securities				173,173,003		6.8%
TOTAL TAIWAN				293,137,909		11.6%
THAILAND — (1.9%)
Other Securities				52,250,619		2.1%

226

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
TURKEY — (2.4%)
Turkiye Garanti Bankasi A.S.		2,842,585		$      17,159,207		0.7%
Other Securities				47,443,189		1.9%
TOTAL TURKEY				64,602,396		2.6%
TOTAL COMMON STOCKS				2,289,520,662		90.5%
PREFERRED STOCKS — (8.7%)
BRAZIL — (8.7%)
Banco Bradesco SA		1,584,132		32,459,659		1.3%
Cia de Bebidas das Americas SA Preferred ADR		151,600		21,108,784		0.8%
Itau Unibanco Holding SA		1,765,755		42,682,192		1.7%
Petroleo Brasilerio SA ADR		1,376,550		42,934,594		1.7%
Vale SA Series A		1,412,691		39,672,996		1.6%
Other Securities				56,392,921		2.2%
TOTAL BRAZIL				235,251,146		9.3%
TOTAL PREFERRED STOCKS				235,251,146		9.3%
RIGHTS/WARRANTS — (0.0%)
CHINA — (0.0%)
Other Securities				1,932		0.0%
TAIWAN — (0.0%)
Other Securities				6,600		0.0%
TOTAL RIGHTS/WARRANTS				8,532		0.0%
	Face   Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.6%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $13,610,000 FHLMC 5.00%, 10/15/19, valued at $15,396,313) to be repurchased at $15,165,240		$15,165		15,165,000		0.6%
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (6.0%)
§@DFA Short Term Investment Fund		162,574,034		162,574,034		6.4%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $906,014)## to be repurchased at $888,265		$888		888,249		0.1%
TOTAL SECURITIES LENDING COLLATERAL				163,462,283		6.5%
TOTAL INVESTMENTS — (100.0%)     (Cost $1,331,491,186)				$2,703,407,623		106.9%

227

THE EMERGING MARKETS SERIES

CONTINUED

Summary of inputs used to value the Series’ investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Brazil	$	85,270,623		—		—	$	85,270,623
Chile		53,671,271		—		—		53,671,271
China		95,237,645	$	209,048,760		—		304,286,405
Colombia		7,472,398		—		—		7,472,398
Czech Republic		—		18,518,105		—		18,518,105
Egypt		—		3,589,496		—		3,589,496
Hungary		—		26,401,798		—		26,401,798
India		25,482,298		266,593,842		—		292,076,140
Indonesia		—		76,053,704		—		76,053,704
Israel		—		38		—		38
Malaysia		10,037		120,531,850		—		120,541,887
Mexico		181,674,371		7,798		—		181,682,169
Peru		9,785,049		—		—		9,785,049
Philippines		—		15,583,766		—		15,583,766
Poland		—		39,187,798		—		39,187,798
Russia		153,300		107,542,455		—		107,695,755
South Africa		61,497,185		152,854,258		—		214,351,443
South Korea		3,515,103		319,846,790		—		323,361,893
Taiwan		10,914,911		282,222,998		—		293,137,909
Thailand		52,250,619		—		—		52,250,619
Turkey		—		64,602,396		—		64,602,396
Preferred Stocks
Brazil		235,251,146		—		—		235,251,146
Rights/Warrants
China		—		1,932		—		1,932
Taiwan		—		6,600		—		6,600
Temporary Cash Investments		—		15,165,000		—		15,165,000
Securities Lending Collateral		—		163,462,283		—		163,462,283
TOTAL	$	822,185,956	$	1,881,221,667		—	$	2,703,407,623

See accompanying Notes to Financial Statements.

228

THE EMERGING MARKETS SMALL CAP SERIES

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage of Net Assets**
COMMON STOCKS — (88.0%)
ARGENTINA — (0.0%)
Other Securities			$	—		0.0%
BRAZIL — (7.5%)
BR Malls Participacoes SA		567,258		5,327,948		0.3%
Diagnosticos Da America SA		507,200		6,159,901		0.3%
Duratex SA		624,462		7,198,409		0.4%
*Lojas Renner SA		273,700		10,859,144		0.6%
PDG Realty SA Empreendimentos e Participacoes		459,817		5,692,612		0.3%
Sul America SA		344,448		4,049,589		0.2%
Totvs SA		49,764		4,516,018		0.2%
Other Securities				111,262,919		5.9%
TOTAL BRAZIL				155,066,540		8.2%
CHILE — (2.5%)
Corpbanca SA		285,638,523		4,493,486		0.3%
*Empresas La Polar SA		801,254		5,715,006		0.3%
Other Securities				41,816,909		2.2%
TOTAL CHILE				52,025,401		2.8%
CHINA — (12.2%)
#*Brilliance China Automotive Holdings, Ltd.		12,088,000		10,635,308		0.6%
China Yurun Food Group, Ltd.		1,688,000		6,555,071		0.4%
ENN Energy Holdings, Ltd.		2,178,000		6,519,695		0.3%
#*Hunan Non-Ferrous Metal Corp., Ltd.		8,774,000		3,944,343		0.2%
#*Semiconductor Manufacturing International Corp.		93,483,000		7,834,980		0.4%
#Skyworth Digital Holdings, Ltd.		6,672,815		3,915,246		0.2%
Other Securities				212,074,509		11.3%
TOTAL CHINA				251,479,152		13.4%
HUNGARY — (0.2%)
Other Securities				3,422,269		0.2%
INDIA — (12.0%)
Bhushan Steel, Ltd.		391,545		4,382,078		0.2%
LIC Housing Finance, Ltd.		148,431		4,477,435		0.2%
Shriram Transport Finance Co., Ltd.		260,052		5,166,633		0.3%
Other Securities				234,355,119		12.5%
TOTAL INDIA				248,381,265		13.2%
INDONESIA — (3.7%)
PT Charoen Pokphand Indonesia Tbk		6,835,500		6,559,173		0.4%
PT Kalbe Farma Tbk		14,904,238		4,476,715		0.2%
Other Securities				66,018,951		3.5%
TOTAL INDONESIA				77,054,839		4.1%
ISRAEL — (0.0%)
Other Securities				790,735		0.0%
MALAYSIA — (5.0%)
Other Securities				103,078,350		5.5%
MEXICO — (3.8%)
#Banco Compartamos S.A. de C.V.		612,400		4,314,772		0.2%
#*Corporacion GEO S.A.B. de C.V. Series B		1,330,000		4,222,222		0.2%
#Embotelladora Arca S.A.B. de C.V.		1,909,100		7,885,010		0.4%
#*Empresas ICA S.A.B. de C.V. Sponsored ADR		681,589		7,183,948		0.4%
Grupo Continental S.A.B. de C.V.		3,036,559		8,557,844		0.5%

229

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
MEXICO — (Continued)
#*Industrias CH S.A.B. de C.V. Series B		1,172,808	$	4,226,592		0.2%
#TV Azteca S.A.B. de C.V. Series A		6,581,300		4,940,772		0.3%
Other Securities				36,696,292		1.9%
TOTAL MEXICO				78,027,452		4.1%
PHILIPPINES — (2.3%)
Aboitiz Equity Ventures, Inc.		6,767,000		5,276,577		0.3%
Other Securities				41,813,722		2.2%
TOTAL PHILIPPINES				47,090,299		2.5%
POLAND — (2.2%)
Other Securities				45,259,624		2.4%
SOUTH AFRICA — (8.6%)
Adcock Ingram Holdings, Ltd.		565,230		5,239,226		0.3%
*Aveng, Ltd.		981,591		6,169,886		0.3%
Barloworld, Ltd.		579,959		4,344,138		0.2%
Clicks Group, Ltd.		918,874		5,984,671		0.3%
Foschini Group, Ltd. (The)		672,822		8,160,841		0.4%
Grindrod, Ltd.		1,607,864		3,896,553		0.2%
Imperial Holdings, Ltd.		422,517		6,904,540		0.4%
JD Group, Ltd.		983,807		6,913,498		0.4%
Metropolitan Holdings, Ltd.		2,025,393		4,888,202		0.3%
Mr. Price Group, Ltd.		693,186		6,263,264		0.3%
Reunert, Ltd.		594,843		5,436,191		0.3%
Spar Group, Ltd. (The)		622,477		8,462,463		0.5%
Tongaat-Hulett, Ltd.		629,016		8,799,490		0.5%
Woolworths Holdings, Ltd.		1,831,592		7,176,559		0.4%
Other Securities				89,316,610		4.7%
TOTAL SOUTH AFRICA				177,956,132		9.5%
SOUTH KOREA — (11.3%)
Busan Bank		401,750		5,005,650		0.3%
Daegu Bank, Ltd.		315,263		4,136,509		0.2%
#Hanwha Chemical Corp.		187,517		5,106,807		0.3%
Hyundai Securities Co.		300,510		3,938,888		0.2%
Other Securities				216,279,152		11.5%
TOTAL SOUTH KOREA				234,467,006		12.5%
TAIWAN — (10.8%)
Other Securities				223,970,240		11.9%
THAILAND — (3.3%)
Other Securities				67,206,616		3.6%
TURKEY — (2.6%)
Other Securities				53,708,911		2.8%
TOTAL COMMON STOCKS				1,818,984,831		96.7%
PREFERRED STOCKS — (2.9%)
BRAZIL — (2.9%)
#Braskem SA Preferred A Sponsored ADR		301,000		6,275,850		0.3%
Klabin SA		1,412,700		3,946,554		0.2%
Suzano Papel e Celullose SA		488,293		4,592,016		0.3%
Ultrapar Participacoes SA		112,095		6,810,218		0.4%
Other Securities				38,173,102		2.0%
TOTAL BRAZIL				59,797,740		3.2%
CHILE — (0.0%)
Other Securities				28,478		0.0%

230

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††		Percentage   of Net Assets**
INDIA — (0.0%)
Other Securities		$	37,093		0.0%
MALAYSIA — (0.0%)
Other Securities			9,384		0.0%
TOTAL PREFERRED STOCKS			59,872,695		3.2%
RIGHTS/WARRANTS — (0.0%)
CHINA — (0.0%)
Other Securities			30,821		0.0%
INDIA — (0.0%)
Other Securities			118,976		0.0%
INDONESIA — (0.0%)
Other Securities			14,863		0.0%
MALAYSIA — (0.0%)
Other Securities			63,540		0.0%
POLAND — (0.0%)
Other Securities			769,887		0.0%
SOUTH KOREA — (0.0%)
Other Securities			76,648		0.0%
THAILAND — (0.0%)
Other Securities			113,211		0.0%
TOTAL RIGHTS/WARRANTS			1,187,946		0.0%
	Face   Amount	Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.3%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $5,715,000 FNMA 3.126%(r), 09/01/40, valued at $5,872,937) to be repurchased at $5,786,092	$5,786		5,786,000		0.3%
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (8.8%)
§@DFA Short Term Investment Fund	180,694,390		180,694,390		9.6%
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $1,145,517)## to be repurchased at $1,123,077	$1,123		1,123,056		0.1%
TOTAL SECURITIES LENDING COLLATERAL			181,817,446		9.7%
TOTAL INVESTMENTS — (100.0%)     (Cost $1,391,523,697)		$	2,067,648,918		109.9%

231

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

Summary of inputs used to value the Series’ investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Argentina		—		—		—		—
Brazil	$	155,066,540		—		—	$	155,066,540
Chile		52,025,401		—		—		52,025,401
China		3,878,440	$	247,600,712		—		251,479,152
Hungary		—		3,422,269		—		3,422,269
India		1,768,808		246,612,457		—		248,381,265
Indonesia		323,334		76,731,505		—		77,054,839
Israel		3,185		787,550		—		790,735
Malaysia		81,368		102,996,982		—		103,078,350
Mexico		77,708,646		318,806		—		78,027,452
Philippines		45,479		47,044,820		—		47,090,299
Poland		480,316		44,779,308		—		45,259,624
South Africa		765,167		177,190,965		—		177,956,132
South Korea		1,319,141		233,147,865		—		234,467,006
Taiwan		248,717		223,721,523		—		223,970,240
Thailand		66,450,408		756,208		—		67,206,616
Turkey		—		53,708,911		—		53,708,911
Preferred Stocks
Brazil		59,761,877		35,863		—		59,797,740
Chile		28,478		—		—		28,478
India		—		37,093		—		37,093
Malaysia		9,384		—		—		9,384
Rights/Warrants
China		20,134		10,687		—		30,821
India		—		118,976		—		118,976
Indonesia		—		14,863		—		14,863
Malaysia		20,361		43,179		—		63,540
Poland		—		769,887		—		769,887
South Korea		—		76,648		—		76,648
Thailand		50,261		62,950		—		113,211
Temporary Cash Investments		—		5,786,000		—		5,786,000
Securities Lending Collateral		—		181,817,446		—		181,817,446
TOTAL	$	420,055,445	$	1,647,593,473		—	$	2,067,648,918

See accompanying Notes to Financial Statements.

232

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2010

(Amounts in thousands)

	The U.S. Large Cap Value Series		The DFA International Value Series		The Japanese Small Company Series		The Asia  Pacific Small Company Series
ASSETS:
Investments at Value (including $907,199, $1,113,371, $157,308 and $128,176 of securities on loan, respectively)	$	8,790,214	$	6,883,172	$	1,201,990	$	926,595
Temporary Cash Investments at Value & Cost		32,141		19,298		2,483		77
Collateral Received from Securities on Loan at Value & Cost		940,825		1,179,043		168,208		147,201
Foreign Currencies at Value		—		5,268		193		5,311
Cash		—		15		15		16
Receivables:
Investment Securities Sold		22,909		—		144		1,266
Dividends, Interest and Tax Reclaims		10,683		17,428		8,552		2,014
Securities Lending Income		552		314		167		187
Fund Shares Sold		—		817		10		—
Unrealized Gain on Foreign Currency Contracts		—		54		17		—
Total Assets		9,797,324		8,105,409		1,381,779		1,082,667
LIABILITIES:
Payables:
Upon Return of Securities Loaned		940,825		1,179,043		168,208		147,201
Investment Securities Purchased		34,042		4,564		1,779		139
Fund Shares Redeemed		4,926		403		—		40
Due to Advisor		725		1,168		102		78
Accrued Expenses and Other Liabilities		406		598		90		71
Total Liabilities		980,924		1,185,776		170,179		147,529
NET ASSETS	$	8,816,400	$	6,919,633	$	1,211,600	$	935,138
Investments at Cost	$	6,950,120	$	5,304,390	$	1,417,496	$	729,427
Foreign Currencies at Cost	$	—	$	5,262	$	191	$	5,292

See accompanying Notes to Financial Statements.

233

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF ASSETS AND LIABILITIES

OCTOBER 31, 2010

(Amounts in thousands)

	The United Kingdom Small Company Series		The Continental Small Company Series		The Canadian Small Company Series		The Emerging Markets Series		The Emerging Markets Small Cap Series
ASSETS:
Investments at Value (including $20,169, $317,386, $162,680, $155,961 and $161,114 of securities on loan, respectively)	$	1,026,574	$	2,064,651	$	662,954	$	2,524,780	$	1,880,046
Temporary Cash Investments at Value & Cost		3		4,298		649		15,165		5,786
Collateral Received from Securities on Loan at Value & Cost		21,307		344,487		171,448		163,462		181,817
Foreign Currencies at Value		12,317		2,670		113		3,772		388
Cash		16		16		27		43		66
Receivables:
Investment Securities Sold		—		2,884		1		12,252		60
Dividends, Interest and Tax Reclaims		2,284		2,413		184		2,383		1,137
Securities Lending Income		8		417		135		260		331
Fund Shares Sold		13		13		—		161		161
Unrealized Gain on Foreign Currency Contracts		—		2		—		6		—
Total Assets		1,062,522		2,421,851		835,511		2,722,284		2,069,792
LIABILITIES:
Payables:
Upon Return of Securities Loaned		21,307		344,487		171,448		163,462		181,817
Investment Securities Purchased		4,385		4,574		252		56		2,097
Fund Shares Redeemed		—		—		—		24,164		—
Due to Advisor		85		169		54		211		309
Unrealized Loss on Foreign Currency Contracts		—		—		—		8		—
Deferred Thailand Capital Gains Tax		—		—		—		4,459		3,997
Accrued Expenses and Other Liabilities		51		137		35		431		216
Total Liabilities		25,828		349,367		171,789		192,791		188,436
NET ASSETS	$	1,036,694	$	2,072,484	$	663,722	$	2,529,493	$	1,881,356
Investments at Cost	$	932,253	$	1,740,343	$	619,939	$	1,152,864	$	1,203,920
Foreign Currencies at Cost	$	12,159	$	2,556	$	112	$	3,671	$	387

See accompanying Notes to Financial Statements.

234

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2010

(Amounts in thousands)

	The U.S. Large Cap Value Series		The DFA International Value Series			The Japanese Small Company Series			The Asia Pacific Small Company Series
Investment Income
Dividends (Net of Foreign Taxes Withheld of $0, $15,467, $1,667 and $624, respectively)	$	172,913	$	171,182		$	22,210		$	27,220
Interest		42		37			4			6
Income from Securities Lending		3,974		8,478			2,464			2,095
Total Investment Income		176,929		179,697			24,678			29,321
Expenses
Investment Advisory Services Fees		8,301		12,890			1,181			770
Accounting & Transfer Agent Fees		827		651			140			100
Custodian Fees		92		1,256			264			386
Shareholders’ Reports		49		38			7			4
Directors’/Trustees’ Fees & Expenses		78		62			10			7
Professional Fees		162		188			24			20
Other		74		130			20			14
Total Expenses		9,583		15,215			1,646			1,301
Net Investment Income (Loss)		167,346		164,482			23,032			28,020
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold		638,095		360,748			(15,709	)		46,684
Foreign Currency Transactions		—		(156	)		792			(20	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		678,724		182,952			(460	)		129,509
Translation of Foreign Currency Denominated Amounts		—		537			315			(75	)
Net Realized and Unrealized Gain (Loss)		1,316,819		544,081			(15,062	)		176,098
Net Increase (Decrease) in Net Assets Resulting from Operations	$	1,484,165	$	708,563		$	7,970		$	204,118

See accompanying Notes to Financial Statements.

235

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2010

(Amounts in thousands)

	The United   Kingdom Small Company Series			The   Continental   Small Company Series		The Canadian   Small Company Series			The   Emerging   Markets Series			The Emerging   Markets Small Cap Series
Investment Income
Dividends (Net of Foreign Taxes Withheld of $61, $5,672, $824, $6,189 and $3,313, respectively)	$	25,291		$	35,967	$	4,796		$	51,067		$	32,627
Interest		4			12		6			8			9
Income from Securities Lending		175			5,216		1,169			2,046			2,552
Total Investment Income		25,470			41,195		5,971			53,121			35,188
Expenses
Investment Advisory Services Fees		851			1,724		500			2,246			2,840
Accounting & Transfer Agent Fees		107			192		73			244			162
Custodian Fees		77			585		133			1,565			1,369
Shareholders’ Reports		5			10		3			13			8
Directors’/Trustees’ Fees & Expenses		8			17		5			22			14
Professional Fees		16			48		10			84			64
Other		14			36		7			56			32
Total Expenses		1,078			2,612		731			4,230			4,489
Net Investment Income (Loss)		24,392			38,583		5,240			48,891			30,699
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold		35,525			72,573		6,585			160,587			102,089
Foreign Currency Transactions		126			811		40			541			77	**
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		152,112			156,901		168,950			337,045			382,774
Translation of Foreign Currency Denominated Amounts		(30	)		30		(11	)		(5	)		(76	)
Change in Deferred Thailand Capital Gains Tax		—			—		—			(2,275	)		(3,052	)
Net Realized and Unrealized Gain (Loss)		187,733			230,315		175,564			495,893			481,812
Net Increase (Decrease) in Net Assets Resulting from Operations	$	212,125		$	268,898	$	180,804		$	544,784		$	512,511

** Net of foreign capital gain taxes withheld of $184.

See accompanying Notes to Financial Statements.

236

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	The U.S. Large Cap Value Series						The DFA International Value Series						The Japanese Small Company Series
	Year Ended Oct.  31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct.  31, 2010			Year Ended Oct.  31, 2009			Year Ended Oct.  31, 2010			Year Ended Oct.  31, 2009
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	167,346		$	155,080		$	164,482		$	161,170		$	23,032		$	23,685
Net Realized Gain (Loss) on:
Investment Securities Sold		638,095			(122,113	)		360,748			63,984			(15,709	)		(27,421	)
Futures		—			7,204			—			(1,125	)		—			1,131
Foreign Currency Transactions		—			—			(156	)		3,828			792			2,027
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		678,724			1,161,370			182,952			1,395,836			(460	)		227,157
Futures		—			(29	)		—			—			—			—
Translation of Foreign Currency Denominated Amounts		—			—			537			240			315			(641	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,484,165			1,201,512			708,563			1,623,933			7,970			225,938
Transactions in Interest:
Contributions		512,765			734,173			611,794			449,410			61,990			37,597
Withdrawals		(688,930	)		(1,166,648	)		(592,688	)		(581,716	)		(41,396	)		(143,463	)
Net Increase (Decrease) from Transactions in Interest		(176,165	)		(432,475	)		19,106			(132,306	)		20,594			(105,866	)
Total Increase (Decrease) in Net Assets		1,308,000			769,037			727,669			1,491,627			28,564			120,072
Net Assets
Beginning of Period		7,508,400			6,739,363			6,191,964			4,700,337			1,183,036			1,062,964
End of Period	$	8,816,400		$	7,508,400		$	6,919,633		$	6,191,964		$	1,211,600		$	1,183,036

See accompanying Notes to Financial Statements.

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THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	The Asia Pacific Small Company Series						The United Kingdom Small Company Series						The Continental Small Company Series
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	28,020		$	19,547		$	24,392		$	23,533		$	38,583		$	36,091
Net Realized Gain (Loss) on:
Investment Securities Sold		46,684			(32,245	)		35,525			(34,448	)		72,573			(13,321	)
Futures		—			(432	)		—			534			—			(476	)
Foreign Currency Transactions		(20	)		146			126			(50	)		811			(549	)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		129,509			330,580			152,112			234,459			156,901			468,759
Futures		—			(3	)		—			(1	)		—			(9	)
Translation of Foreign Currency Denominated Amounts		(75	)		209			(30	)		(199	)		30			305
Net Increase (Decrease) in Net Assets Resulting from Operations		204,118			317,802			212,125			223,828			268,898			490,800
Transactions in Interest:
Contributions		85,604			21,607			59,131			26,861			199,653			118,904
Withdrawals		(35,581	)		(99,649	)		(5,034	)		(35,607	)		(26,959	)		(90,397	)
Net Increase (Decrease) from Transactions in Interest		50,023			(78,042	)		54,097			(8,746	)		172,694			28,507
Total Increase (Decrease) in Net Assets		254,141			239,760			266,222			215,082			441,592			519,307
Net Assets
Beginning of Period		680,997			441,237			770,472			555,390			1,630,892			1,111,585
End of Period	$	935,138		$	680,997		$	1,036,694		$	770,472		$	2,072,484		$	1,630,892

See accompanying Notes to Financial Statements.

238

THE DFA INVESTMENT TRUST COMPANY

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	The Canadian Small Company Series						The Emerging Markets Series						The Emerging Markets Small Cap Series
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	5,240		$	3,432		$	48,891		$	43,700		$	30,699		$	20,144
Net Realized Gain (Loss) on:
Investment Securities Sold		6,585			(38,817	)		160,587			40,421			102,089			(13,070	)
Futures		—			(322	)		—			(2,920	)		—			(181	)
Foreign Currency Transactions		40			(182	)		541			(24	)		77	**		(182	)
In-Kind Redemptions		—			—			—			17,805	*		—			—
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		168,950			159,928			337,045			642,058			382,774			535,144
Futures		—			—			—			(32	)		—			(10	)
Translation of Foreign Currency Denominated Amounts		(11	)		19			(5	)		210			(76	)		185
Change in Deferred Thailand Capital Gains Tax		—			—			(2,275	)		(1,366	)		(3,052	)		(786	)
Net Increase (Decrease) in Net Assets Resulting from Operations		180,804			124,058			544,784			739,852			512,511			541,244
Transactions in Interest:
Contributions		117,737			37,000			199,169			162,102			344,585			168,060
Withdrawals		—			(28,750	)		(323,776	)		(417,162	)*		(143,713	)		(107,710	)
Net Increase (Decrease) from Transactions in Interest		117,737			8,250			(124,607	)		(255,060	)		200,872			60,350
Total Increase (Decrease) in Net Assets		298,541			132,308			420,177			484,792			713,383			601,594
Net Assets
Beginning of Period		365,181			232,873			2,109,316			1,624,524			1,167,973			566,379
End of Period	$	663,722		$	365,181		$	2,529,493		$	2,109,316		$	1,881,356		$	1,167,973

  *    See Note K in the Notes to Financial Statements.

**    Net of foreign capital gain taxes withheld of $184.

See accompanying Notes to Financial Statements.

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THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

	The U.S. Large Cap Value Series†
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Total Return		19.96	%		11.90	%		(36.53	)%(C)		(0.32	)%		18.16	%		14.66	%
Net Assets, End of Period (thousands)	$	8,816,400		$	7,508,400		$	6,739,363		$	10,159,322		$	8,866,306		$	5,831,587
Ratio of Expenses to Average Net Assets		0.12	%		0.13	%		0.11	%(B)		0.11	%		0.12	%		0.14	%
Ratio of Net Investment Income to Average Net Assets		2.02	%		2.42	%		1.97	%(B)		1.44	%		1.68	%		1.56	%
Portfolio Turnover Rate		28	%		29	%		19	%(C)		9	%		13	%		9	%
	The DFA International Value Series†
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Total Return		11.13	%		35.41	%		(47.87	)%(C)		17.32	%		35.73	%		15.61	%
Net Assets, End of Period (thousands)	$	6,919,633		$	6,191,964		$	4,700,337			$9,638,721		$	7,457,252		$	4,367,698
Ratio of Expenses to Average Net Assets		0.24	%		0.24	%		0.23	%(B)		0.23	%		0.23	%		0.27	%
Ratio of Net Investment Income to Average Net Assets		2.55	%		3.22	%		4.15	%(B)		3.04	%		3.29	%		2.71	%
Portfolio Turnover Rate		20	%		18	%		16	%(C)		16	%		8	%		10	%

See page 1 for the Definitions of Abbreviations and Footnotes.

† See Note A in the Notes to Financial Statements.

See accompanying Notes to Financial Statements.

240

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

	The Japanese Small Company Series
	Year Ended Oct 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Total Return		0.72	%		22.69	%		(26.87	)%(C)		(1.16	)%		(2.28	)%		31.03	%
Net Assets, End of Period (thousands)	$	1,211,600		$	1,183,036		$	1,062,964		$	1,504,821		$	1,385,722		$	1,151,429
Ratio of Expenses to Average Net Assets		0.14	%		0.15	%		0.13	%(B)		0.13	%		0.14	%		0.22	%
Ratio of Net Investment Income to Average Net Assets		1.95	%		2.15	%		2.64	%(B)		1.94	%		1.68	%		1.51	%
Portfolio Turnover Rate		10	%		7	%		10	%(C)		9	%		9	%		6	%
	The Asia Pacific Small Company Series
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Total Return		28.91	%		84.98	%		(57.75	)%(C)		47.23	%		38.26	%		9.30	%
Net Assets, End of Period (thousands)		$935,138			$680,997			$441,237		$	1,205,154			$749,627			$395,923
Ratio of Expenses to Average Net Assets		0.17	%		0.18	%		0.15	%(B)		0.15	%		0.17	%		0.27	%
Ratio of Net Investment Income to Average Net Assets		3.64	%		4.00	%		4.33	%(B)		3.58	%		4.19	%		4.33	%
Portfolio Turnover Rate		18	%		23	%		20	%(C)		25	%		14	%		10	%

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

241

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

	The United Kingdom Small Company Series
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Total Return		25.94	%		43.51	%		(50.77	)%(C)		2.42	%		44.80	%		12.88	%
Net Assets, End of Period (thousands)	$	1,036,694		$	770,472		$	555,390		$	1,158,580		$	1,117,826		$	643,038
Ratio of Expenses to Average Net Assets		0.13	%		0.14	%		0.12	%(B)		0.12	%		0.13	%		0.22	%
Ratio of Net Investment Income to Average Net Assets		2.86	%		4.02	%		3.79	%(B)		2.72	%		2.70	%		3.19	%
Portfolio Turnover Rate		15	%		10	%		25	%(C)		12	%		8	%		12	%
	The Continental Small Company Series
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Total Return		15.37	%		43.78	%		(49.66	)%(C)		17.49	%		47.10	%		18.97	%
Net Assets, End of Period (thousands)	$	2,072,484		$	1,630,892		$	1,111,585		$	2,256,122		$	1,875,194		$	981,938
Ratio of Expenses to Average Net Assets		0.15	%		0.16	%		0.14	%(B)		0.14	%		0.15	%		0.24	%
Ratio of Net Investment Income to Average Net Assets		2.24	%		2.93	%		3.49	%(B)		2.16	%		2.27	%		2.16	%
Portfolio Turnover Rate		12	%		7	%		18	%(C)		12	%		7	%		18	%

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

242

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

	The Canadian Small Company Series
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Period April 2, 2007(a) to Nov. 30, 2007
Total Return		43.17	%		61.67	%		(56.44	)%(C)		10.20	%(C)
Net Assets, End of Period (thousands)		$663,722			$365,181			$232,873			$213,529
Ratio of Expenses to Average Net Assets		0.15	%		0.17	%		0.18	%(B)		0.26	%(B)(E)
Ratio of Net Investment Income to Average Net Assets		1.05	%		1.37	%		0.97	%(B)		0.47	%(B)(E)
Portfolio Turnover Rate		10	%		23	%		21	%(C)		6	%(C)
	The Emerging Markets Series
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Total Return		27.04	%		53.99	%		(48.15	)%(C)		42.62	%		31.87	%		31.23	%
Net Assets, End of Period (thousands)	$	2,529,493		$	2,109,316		$	1,624,524			$3,707,790		$	2,414,971		$	1,852,565
Ratio of Expenses to Average Net Assets		0.19	%		0.20	%		0.18	%(B)		0.19	%		0.20	%		0.27	%
Ratio of Net Investment Income to Average Net Assets		2.18	%		2.57	%		3.00	%(B)		2.52	%		2.54	%		3.70	%
Portfolio Turnover Rate		12	%		14	%		19	%(C)		7	%		11	%		9	%

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

243

THE DFA INVESTMENT TRUST COMPANY

FINANCIAL HIGHLIGHTS

	The Emerging Markets Small Cap Series
	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Total Return		41.96	%		92.08	%		(56.84	)%(C)		43.32	%		40.55	%		24.85	%
Net Assets, End of Period (thousands)	$	1,881,356		$	1,167,973		$	566,379		$	1,525,571		$	903,529		$	545,271
Ratio of Expenses to Average Net Assets		0.32	%		0.33	%		0.30	%(B)		0.31	%		0.34	%		0.49	%
Ratio of Net Investment Income to Average Net Assets		2.16	%		2.52	%		3.07	%(B)		1.94	%		2.39	%		2.70	%
Portfolio Turnover Rate		15	%		13	%		19	%(C)		16	%		18	%		8	%

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

See accompanying Notes to Financial Statements.

244

THE DFA INVESTMENT TRUST COMPANY

NOTES TO FINANCIAL STATEMENTS

A. Organization:

The DFA Investment Trust Company (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940. The Trust consists of twelve investment portfolios, of which nine are included in this section of the report (collectively, the “Series”), and three are presented in separate reports.

Domestic Equity Portfolio	International Equity Portfolios
The U.S. Large Cap Value Series	The DFA International Value Series
	The Japanese Small Company Series
	The Asia Pacific Small Company Series
	The United Kingdom Small Company Series
	The Continental Small Company Series
	The Canadian Small Company Series
	The Emerging Markets Series
	The Emerging Markets Small Cap Series

Effective December 31, 2008 and November 1, 2008, The U.S. Large Cap Value Series and The DFA International Value Series, respectively, each a master fund in a RIC/RIC master-feeder structure, elected with the consent of their respective Holder(s) to change their U.S. federal income tax classification from that of an association taxable as a corporation to a partnership pursuant to Treasury Regulation § 301.7701-3. The change in capital structure and retroactive reclassification of the statement of changes in net assets and financial highlights for the respective funds is a result of the treatment of a partnership for book purposes. Each Series/Portfolio will maintain its books and records and present its financial statements in accordance with generally accepted accounting principles for investment partnerships.

At a regular meeting of the Board of Directors/Trustees (the “Board”) on September 16, 2008, the Board voted to change the fiscal and tax year ends of the Series from November 30 to October 31.

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 Trust 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 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 Series utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below:

—    Level 1 – quoted prices in active markets for identical securities

—    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 Series’ own assumptions in determining the fair value of investments)

245

Securities held by the Domestic Equity Portfolio and the International Equity Portfolios, including over-the-counter securities, are valued at the last quoted sale price of the day. Securities held by the Domestic Equity Portfolio and the International Equity Portfolios that are listed on Nasdaq are valued at the Nasdaq Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, the Domestic Equity Portfolio and International Equity Portfolios value the securities at the mean of the most recent quoted bid and asked prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.

Securities for which no market quotations are 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/Trustees. These securities are generally categorized as Level 2 in the hierarchy. 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 the Investment Committee of the Advisor) occur before the net asset value is calculated. When fair value pricing is used, the prices of securities used by the Domestic Equity Portfolios and International Equity Portfolios may differ from the quoted or published prices for the same securities on their primary markets or exchanges.

The International Equity Portfolios will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 11:00 p.m. PT), which is fourteen hours prior to the close of the NYSE (normally, 1:00 p.m. PT) and the time that the net asset values of the International Equity Portfolios are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the International Equity Portfolios price their shares at the close of the NYSE, the International Equity Portfolios will fair value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the International Equity Portfolios’ foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Directors/Trustees of the Trust have determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the International Equity Portfolios utilizes data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When an International Equity Portfolio uses fair value pricing, the values assigned to the International Equity Portfolio’s foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. Certain foreign equity securities that are fair value adjusted through an independent pricing service which considers statistically relevent trading patterns may periodically move from input valuation Level 2 to input valuation Level 1 when not meeting the fair value adjustment trigger requirements.

Futures contracts held by the Series are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.

A summary of the inputs used to value the Series’ investments by each major security type, industry and/or country is disclosed at the end of the Summary Schedule of Portfolio Holdings. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The Series did not have any significant transfers between Level 1 and Level 2 during the year ended October 31, 2010.

2.    Foreign Currency Translation:    Securities and other assets and liabilities of the International Equity Portfolios, whose values are initially expressed in foreign currencies, are translated to U.S. dollars using the mean between the most recently quoted bid and asked 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

246

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 Equity Portfolios do not isolate the effect of fluctuations in foreign exchange rates from the effect of fluctuations in the market prices of securities held whether realized or unrealized.

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 foreign withholding taxes recorded on the books of the International Equity Portfolios and the U.S. dollar equivalent amounts actually received or paid.

3.    Deferred Compensation Plan:    Each eligible Trustee of the Trust may elect participation in the Deferred Compensation Plan (the “Plan”). Under the Plan, effective January 1, 2002, such Trustees may defer payment of all or a portion of their total fees earned as a Trustee. 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 Trustee 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 Trustee shall have the right in a notice of election to defer compensation (the “Notice”) to elect to defer the receipt of the Trustee’s deferred compensation until a date specified by such Trustee 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 Trustee ceases to be a member of the Board of the Fund; and (ii) five years following the effective date of the Trustee’s first deferral election. If a Trustee who elects to defer fees fails to designate in the Notice a time or date as of which payment of the Trustee’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 Trustee ceases to be a member of the Board of the Fund (unless the Trustee files an amended Notice selecting a different distribution date). Robert C. Merton resigned from the Board of the Fund on December 1, 2009 and received a lump sum payment of the proceeds of his deferred fee account on January 4, 2010 in the amount of $241,764. As of October 31, 2010, no other Trustees have requested or received a distribution of proceeds of a deferred fee account.

4.    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 are on the basis of identified cost. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction of cost of investments or as a realized gain, respectively. The Series 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 securities purchased are amortized over the lives of the respective securities, utilizing the effective interest method. Expenses directly attributable to a Series are directly charged. Common expenses of the Trust or Series are allocated using methods approved by the Board of Directors/Trustees, generally based on average net assets.

The International 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 Series 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.

The Emerging Markets Series and The Emerging Markets Small Cap Series investments in Thailand are subject to a 15% governmental capital gains tax. Such taxes are due upon sale of individual securities. The Emerging

247

Markets Series and The Emerging Markets Small Cap Series accrue for taxes on the capital gains throughout the holding period based on the unrealized gain of the underlying securities. These Series are also subject to a 15% governmental capital gains tax on short-term capital gains for investments in India. Such taxes are due upon sale of individual securities. The taxes for the capital gains are accrued when the capital gains are earned.

C. Investment Advisor:

Dimensional Fund Advisors LP (“Dimensional” or the “Advisor”) provides investment advisory services to the Trust. For the year ended October 31, 2010, the Series’ investment advisory services fees were accrued daily and paid monthly to the Advisor based on the following effective annual rates of average daily net assets:

The U.S. Large Cap Value Series	0.10%
The DFA International Value Series	0.20%
The Japanese Small Company Series	0.10%
The Asia Pacific Small Company Series	0.10%
The United Kingdom Small Company Series	0.10%
The Continental Small Company Series	0.10%
The Canadian Small Company Series	0.10%
The Emerging Markets Series	0.10%
The Emerging Markets Small Cap Series	0.20%

Fees Paid to Officers and Directors/Trustees:

Certain Officers and Directors/Trustees of the Advisor are also Officers and Directors/Trustees of the Trust; however, such Officers and Directors/Trustees (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Trust. For the year ended October 31, 2010, the total related amounts paid by the Trust to the CCO were $68 (in thousands). The total related amounts paid by each of the Series are included in Other Expenses on the Statement of Operations.

D. Deferred Compensation:

At October 31, 2010, the total liability for deferred compensation to Directors/Trustees is included in Accrued Expenses and Other Liabilities on the Statement of Assets and Liabilities as follows (amounts in thousands):

The U.S. Large Cap Value Series	$214
The DFA International Value Series	167
The Japanese Small Company Series	36
The Asia Pacific Small Company Series	17
The United Kingdom Small Company Series	20
The Continental Small Company Series	42
The Canadian Small Company Series	9
The Emerging Markets Series	57
The Emerging Markets Small Cap Series	28

E. Purchases and Sales of Securities:

For the year ended October 31, 2010, the Series made the following purchases and sales of investment securities, other than short-term securities and U.S. government securities (amounts in thousands):

	Purchases	Sales
The U.S. Large Cap Value Series	$2,275,573	$2,324,050
The DFA International Value Series	$1,456,793	$1,277,745
The Japanese Small Company Series	163,391	117,375

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	Purchases	Sales
The Asia Pacific Small Company Series	206,699	138,132
The United Kingdom Small Company Series	189,382	121,594
The Continental Small Company Series	416,808	200,743
The Canadian Small Company Series	167,163	50,262
The Emerging Markets Series	276,316	352,561
The Emerging Markets Small Cap Series	447,425	215,575

There were no purchases or sales of long-term U.S. government securities.

F. Federal Income Taxes:

No provision for federal income taxes is required since the Series are treated as partnerships for Federal income tax purposes. Any net investment income and realized and unrealized gains and losses have been deemed to have been “passed down” to their respective partners.

Some of the Series’ investments are in securities considered to be “passive foreign investment companies” for which any unrealized appreciation (depreciation) (mark to market) and/or realized gains are required to be included in distributable net investment income for federal income tax purposes. At October 31, 2010, the following Series had cumulative unrealized appreciation (depreciation) (mark to market) to be included in distributable net investment income for federal tax purposes. For the year ended October 31, 2010, realized gains on the sale of passive foreign investment companies have been reclassified from accumulated net realized gains to accumulated net investment income for federal tax purposes. Amounts listed below are in thousands.

	Mark to Market	Realized Gains
The Japanese Small Company Series	$      715	$      32
The Asia Pacific Small Company Series	20,807	310
The United Kingdom Small Company Series	2,607	—
The Continental Small Company Series	328	6,878
The Canadian Small Company Series	10,180	2,733
The Emerging Markets Series	462	—
The Emerging Markets Small Cap Series	718	293

At October 31, 2010, the total cost and aggregate gross unrealized appreciation and (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes (amounts in thousands):

	Federal Tax Cost		Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
The U.S. Large Cap Value Series		$7,923,103		$1,950,355		$(110,278	)		$1,840,077
The DFA International Value Series		6,502,935		1,696,236		(117,658	)		1,578,578
The Japanese Small Company Series		1,590,149		122,117		(339,585	)		(217,468	)
The Asia Pacific Small Company Series		901,611		308,290		(136,028	)		172,262
The United Kingdom Small Company Series		960,749		259,623		(172,488	)		87,135
The Continental Small Company Series		2,090,469		575,896		(252,929	)		322,967
The Canadian Small Company Series		802,216		136,111		(103,276	)		32,835
The Emerging Markets Series		1,332,379		1,390,857		(19,829	)		1,371,028
The Emerging Markets Small Cap Series		1,392,722		759,335		(84,408	)		674,927

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 Series’

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tax positions and has concluded that no provision for income tax is required in any Series’ financial statements. No Series is aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each of the Series’ federal tax returns for the prior three fiscal years remains subject to examination by the Internal Revenue Service.

On November 1, 2008, The DFA International Value Series, a master fund in a RIC/RIC master-feeder structure with five RIC feeders and other direct client investor(s), made a “Check-the-box” election for federal income tax purposes pursuant to Treasury Regulation §301.7701-3, to change its federal entity classification from a corporation taxable as a regulated investment company to a partnership. As a result of this election, the master fund is deemed to have distributed all of its assets and liabilities, in a taxable transaction, to its shareholders in liquidation of the master fund. Immediately thereafter, the shareholders contributed all of the distributed assets and liabilities to a newly formed partnership. The final tax year end of The DFA International Value Series was October 31, 2008. For Federal income tax purposes, pursuant to Internal Revenue Code §336(a), the master fund recognizes gain or loss as if the master’s investment securities were sold to its shareholders and, pursuant to IRC Code §331, each of the Portfolios recognizes gain or loss as if it liquidated its investment in the master. As a result of the transaction, The DFA International Value Series recognized a ($2,309,440,866) and ($718,733) capital and currency loss respectively for tax year ended October 31, 2008. For tax purposes, pursuant to IRC Code §334(a), each of the Portfolios will take a fair market value basis in the securities deemed received by them and a new holding period for those securities commences on the deemed liquidation date.

Effective December 31, 2008, The U.S. Large Cap Value Series, a master fund in a RIC/RIC master-feeder structure with four RIC feeders and other direct client investor(s), made a “Check-the-box” election for federal income tax purposes pursuant to Treasury Regulation §301.7701-3, to change its federal entity classification from a corporation taxable as a regulated investment company to a partnership. As a result of this election, the master fund is deemed to have distributed all of its assets and liabilities, in a taxable transaction, to its shareholders in liquidation of the master fund. Immediately thereafter, the shareholders contributed all of the distributed assets and liabilities to a newly formed partnership. The final tax year end of The U.S. Large Cap Value Series was December 30, 2008. For Federal income tax purposes, pursuant to IRC Code §336(a), the master fund recognized a loss as if the master’s investment securities were sold to its shareholders and, pursuant to IRC Code §331, each of the Portfolios recognized a gain as if it liquidated its investment in the master. For tax purposes, pursuant to IRC Code §334(a), each of the Portfolios took a fair market value basis in the securities deemed received by them and a new holding period for those securities commenced on the deemed liquidation date. As a result of the transaction, The U.S. Large Cap Value Series recognized a ($2,303,664,484) capital loss for tax year ended December 30, 2008.

G. Financial Instruments:

In accordance with the Series’ investment objectives and policies, the Series 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.    Repurchase Agreements:    The Series may purchase certain U.S. Government securities subject to the counterparty’s agreement to repurchase them at an agreed upon date and price. The counterparty will be required on a daily basis to maintain the value of the collateral subject to the agreement at not less than the repurchase price (including accrued interest). The agreements are conditioned upon the collateral being deposited under the Federal Reserve book-entry system with the Trust’s custodian or a third party sub-custodian. In the event of default or bankruptcy by the other party to the agreement, retention of the collateral may be subject to legal proceedings. All open repurchase agreements were entered into on October 29, 2010.

2.    Foreign Markets Risks:    Investments in foreign markets may involve certain consideration 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 government 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 securities by the Master Funds may be inhibited.

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Derivative Financial Instruments:

Disclosures on derivative instruments and hedging activities are intended to improve financial reporting for derivative instruments by enabling investors to understand how and why a fund uses derivatives, how derivatives are accounted for and how derivative instruments affect a fund’s results of operations and financial position. Summarized below are the specific types of derivative instruments used by the Series.

3.    Futures Contracts:    The Series may enter into futures contracts to gain market exposure on uninvested cash pending investment in securities or to maintain liquidity to pay redemptions. Upon entering into a futures contract, the Series deposits cash or pledges U.S. Government securities to a broker, equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Series as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Series 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 Series could lose more than the initial margin requirements. The Series 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.

Additional disclosure on derivative instruments is required showing a summary by primary risk exposure of the derivatives instruments’ (i) location in the balance sheet and fair value at period end and (ii) the location in the Statements of Operations and the realized and change in unrealized gain or loss over the reporting period.

At October 31, 2010, the Series had no outstanding futures contracts.

H. Line of Credit:

The Trust, together with other Dimensional-advised portfolios, has entered into an amended and restated $250 million unsecured discretionary line of credit effective July 8, 2009 with an affiliate of its domestic custodian bank. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $250 million, as long as total borrowings under the line of credit do not exceed $250 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 line of credit is scheduled to expire on June 21, 2011.

For the year ended October 31, 2010, borrowings by the Series under this line of credit were as follows (amounts in thousands, except percentages and days):

	Weighted      Average     Interest Rate		Weighted      Average     Loan Balance		Number of   Days       Outstanding		Interest  Expense Incurred		Maximum Amount Borrowed During   the Period
The U.S. Large Cap Value Series		1.97%		$8,884		25		$12		$25,114

There were no outstanding borrowings by the Series under this line of credit as of October 31, 2010.

The Trust, together with other Dimensional-advised portfolios, has also entered into an additional $500 million unsecured line of credit effective January 15, 2010 with its international custodian bank. 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. 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

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agreed to by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the line of credit expires on January 15, 2011.

For the year ended October 31, 2010, borrowings by the Series under this line of credit were as follows (amounts in thousands, except percentages and days):

	Weighted      Average     Interest Rate	Weighted      Average     Loan Balance	Number of   Days       Outstanding	Interest  Expense Incurred	Maximum Amount Borrowed During   the Period
The DFA International Value Series	0.94%	$3,278	14	$  1	$  6,386
The Japanese Small Company Series	0.88%	80	12	—	199
The Asia Pacific Small Company Series	0.92%	459	31	—	1,736
The United Kingdom Small Company Series	0.93%	139	9	—	1,003
The Continental Small Company Series	0.94%	993	16	—	2,421
The Emerging Markets Series	0.89%	6,211	63	10	41,407
The Emerging Markets Small Cap Series	0.90%	2,974	39	3	6,471

There were no outstanding borrowings by the Series under this line of credit as of October 31, 2010.

I. Securities Lending:

As of October 31, 2010, some of the Series had securities on loan to brokers/dealers, for which each Series received cash collateral. In addition, The Emerging Market Series and The Emerging Markets Small Cap Series received non-cash collateral with a market value of $85,839 and $125, respectively (in thousands). Each Series 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 equal to at least (i) 100% of the current market value of the loaned securities with respect to securities of the U.S. government or its agencies, (ii) 102% of the current market value of the loaned securities with respect to U.S. securities, and (iii) 105% of the current market value of the loaned securities with respect to foreign securities. However, daily market fluctuations could cause the Series’ 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 Series or, at the option of the lending agent, to replace the securities.

Subject to their stated investment policies, each Series will generally invest the cash collateral received for the loaned securities in The DFA Short Term Investment Fund (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. Each Series 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 Series 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.

J. Indemnitees; Contractual Obligations:

Under the Trust’s organizational documents, its officers and directors are indemnified against certain liabilities arising out of the performance of their duties to the Trust.

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In the normal course of business, the Trust enters into contracts that contain a variety of representations and warranties which provide general indemnification. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust and/or its affiliates that have not yet occurred. However, based on experience, the Trust expects the risk of loss to be remote.

K. In-Kind Redemptions:

In accordance with guidelines described in the Series’ prospectus, the fund may distribute portfolio securities rather than cash as payment for a redemption of fund shares (in-kind redemption). For financial reporting purposes, the fund recognizes a gain on in-kind redemptions to the extent the value of the distributed securities on the date of redemption exceeds the cost of those securities. Gains and losses realized on in-kind redemptions are not recognized for tax purposes and are reclassified from undistributed realized gain (loss) to paid-in capital.

During the year ended October 31, 2009, The Emerging Markets Series realized net gains of $17,805 (in thousands) of in-kind redemptions.

L. Recently Issued Accounting Standards:

In January 2010, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2010-06 “Improving Disclosures about Fair Value Measurements.” ASU No. 2010-06 amends FASB Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures, to require additional disclosures in the roll forward of activity in Level 3 fair value measurements effective for interim and annual reporting periods beginning after December 15, 2010. Management is currently evaluating the impact ASU No. 2010-06 will have on its financial statement disclosures.

M. Other:

The Series 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 filed an action against all shareholders of The Tribune Company who tendered shares when the Tribune Company went private in 2007 in a leveraged buy out transaction, seeking the return of all 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, our 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.

N. Subsequent Event Evaluations:

Management has evaluated the impact of all subsequent events on the Series and has determined that the following subsequent event requires recognition or disclosure in the financial statements.

A class action complaint (the “Complaint”) has been filed in the bankruptcy case of the Tribune Company (the “Tribune”) in the United States Bankruptcy Court for the District of Delaware. The Complaint is against The U.S. Large Cap Value Series and all other Tribune shareholders as a group, which includes hundreds of mutual funds, institutional investors and others who sold shares of Tribune in 2007 when the Tribune became private in a leveraged buyout transaction (the “LBO Transaction”). The U.S. Large Cap Value Series, and all shareholders who participated in the LBO Transaction, received cash in the amount of $34 per share. The Complaint alleges that this transfer violated the rights of creditors and that the cash paid to shareholders in connection with the LBO Transaction should be paid back to the Tribune’s bankruptcy estate and used to pay creditors.

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Litigation counsel to The U.S. Large Cap Value Series does not believe that it is possible, at this early stage in the proceedings, to predict with any reasonable certainty the probable outcome of the lawsuit or quantify the potential ultimate exposure to The U.S. Large Cap Value Series. However, even if the plaintiff in the lawsuit were to obtain the recovery it seeks, the amount would be less than 1% of The U.S. Large Cap Value Series’ net asset value at this time. The U.S. Large Cap Value Series’ litigation counsel does not believe at this time that recovery of the full amount the plaintiff seeks is a likely outcome.

Since The U.S. Large Cap Value Series cannot predict with reasonable specificity what the actual outcome of the lawsuit may be or what the size of The U.S. Large Cap Value Series might be at the time the outcome of the lawsuit may be determined, no deduction from the net asset value of The U.S. Large Cap Value Series will be made at this time. Therefore, at this time, those buying or redeeming shares of The U.S. Large Cap Value Series will pay or receive, as the case may be, a price based on net asset value of The U.S. Large Cap Value Series, with no deduction relating to the lawsuit. The attorneys’ fees and costs relating to the lawsuit will be taken as expenses by The U.S. Large Cap Value Series as incurred and in a manner similar to any other expense incurred by The U.S. Large Cap Value Series.

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of the Series, as defined, and

Board of Trustees of The DFA Investment Trust Company:

In our opinion, the accompanying statements of assets and liabilities, including the summary schedules of portfolio holdings, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of The U.S. Large Cap Value Series, The DFA International Value Series, The Japanese Small Company Series, The Asia Pacific Small Company Series, The United Kingdom Small Company Series, The Continental Small Company Series, The Canadian Small Company Series, The Emerging Market Series and The Emerging Markets Small Cap Series (constituting portfolios within The DFA Investment Trust Company, hereafter referred to as the “Series”) at October 31, 2010, the results of each of their operations for the year then ended, the changes in each of their net assets and the financial highlights for each of the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as “financial statements”) are the responsibility of the Series’ management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at October 31, 2010 by correspondence with the custodians, brokers, and the transfer agent of the investee fund, provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 22, 2010

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DIMENSIONAL EMERGING MARKETS VALUE FUND

PERFORMANCE CHART

256

DIMENSIONAL EMERGING MARKETS VALUE FUND

MANAGEMENT’S DISCUSSION AND ANALYSIS

International Equity Market Review 12 Months Ended October 31, 2010

Emerging markets performed well for the fiscal year ended October 31, 2010, although results varied widely among the individual emerging markets countries. For the one-year period ended October 31, 2010, returns in US dollars were 23.56% for the MSCI Emerging Markets Index (net dividends) versus 9.61% for the MSCI World ex USA Index (net dividends). As measured by the MSCI indices, emerging markets growth stocks outperformed their value counterparts, while emerging markets small cap stocks outperformed large caps.

12 Months Ended October 31, 2010

	U.S. Dollar Return
MSCI Emerging Markets Index	23.56%
MSCI Emerging Markets Small Cap Index	37.02%
MSCI Emerging Markets Value Index	21.96%
MSCI Emerging Markets Growth Index	25.17%

The US dollar (USD) generally depreciated against most major emerging markets currencies during the period, increasing most local country returns when denominated in USD.

12 Months Ended October 31, 2010

Ten Largest Emerging Markets by Market Cap	Local Currency Return	U.S. Dollar Return
China	11.14%	11.11%
Brazil	11.67%	14.86%
South Korea	18.52%	24.52%
Taiwan	13.20%	20.23%
India	27.64%	34.93%
South Africa	18.71%	33.55%
Russia	19.19%	13.38%
Mexico	25.55%	33.87%
Malaysia	23.94%	35.93%
Indonesia	41.78%	51.50%

Source: Returns are of MSCI standard indices net of foreign withholding taxes on dividends. Copyright MSCI 2010, all rights reserved.

International Equity Fund Performance Overview

Dimensional Emerging Markets Value Fund

The Dimensional Emerging Markets Value Fund seeks to capture the returns of large and small cap value stocks as measured by book to market ratio in selected emerging markets countries. The investment strategy employs a disciplined, quantitative approach, emphasizing broad diversification and consistent exposure to emerging markets value stocks, but does not attempt to track a specific equity index. As of October 31, 2010, the Fund held 2,016 stocks in 17 emerging markets countries. In general, the Fund was fully invested in equities throughout the year. The average cash level for the period was less than 1% of the Fund’s assets. The Fund’s target country weights were capped at 15% upon purchase by the manager to limit single-country risk exposure.

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As a result of the Fund’s diversified investment approach, performance was generally determined by broad structural trends in emerging markets countries, rather than the behavior of a limited number of stocks. For the 12 months ended October 31, 2010, total returns were 30.55% for the Fund and 23.56% for the MSCI Emerging Markets Index (net dividends). The Fund targets large and small cap value stocks while the Index primarily targets large and mid cap stocks. The Fund’s relative outperformance was primarily due to its higher allocation than the Index to small cap value stocks, which outperformed, and a lower allocation than the Index to large cap stocks, which underperformed. To a lesser extent, an additional component of the Fund’s outperformance was due to differences in valuation timing and methodology between the Fund and the Index. The Fund prices foreign exchange rates at the closing of the U.S. markets while the Index uses rates at 4 pm London time. The Fund utilizes fair value pricing to price portfolio securities at the closing of the U.S. markets while the Index uses local market closing prices.

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DIMENSIONAL EMERGING MARKETS VALUE FUND

DISCLOSURE OF FUND EXPENSES

(Unaudited)

The following Expense Table is 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 Table below illustrates 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 table 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 October 31, 2010
EXPENSE TABLE
	Beginning Account Value   05/01/10		Ending Account Value   10/31/10		Annualized Expense   Ratio*		Expenses Paid During Period*
Actual Fund Return		$1,000.00		$1,121.50		0.21%		$1.12
Hypothetical 5% Annual Return		$1,000.00		$1,024.15		0.21%		$1.07

* 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 (184), then divided by the number of days in the year (365) to reflect the six-month period.

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DIMENSIONAL EMERGING MARKETS VALUE FUND

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 Emerging Markets Value Fund, 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 Emerging Markets Value Fund filed its most recent Form N-Q with the SEC on September 29, 2010. It is 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).

SEC regulations permit a fund to include in its reports to shareholders a “Summary Schedule of Portfolio Holdings” in lieu of a full Schedule of Investments. The Summary Schedule of Portfolio Holdings reports the fund’s 50 largest holdings in unaffiliated issuers and any investments that exceed one percent of the fund’s net assets at the end of the reporting period. The amendments also require that the Summary Schedule of Portfolio Holdings identify each category of investments that are held.

The fund is required to file a complete Schedule of Investments with the SEC on Form N-CSR within ten days after mailing the annual and semi-annual reports to shareholders. It will be 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.

Dimensional Emerging Markets Value Fund
Consumer Discretionary	8.8%
Consumer Staples	6.7%
Energy	12.9%
Financials	30.8%
Health Care	0.7%
Industrials	11.5%
Information Technology	6.6%
Materials	18.8%
Other	—
Real Estate Investment Trusts	—
Telecommunication Services	1.7%
Utilities	1.5%
	100.0%

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DIMENSIONAL EMERGING MARKETS VALUE FUND

SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS

October 31, 2010

	Shares		Value††		Percentage     of Net Assets**
COMMON STOCKS — (88.2%)
BRAZIL — (7.9%)
#Banco Santander Brasil SA ADR		10,011,893	$	144,171,259		1.2%
BM&F Bovespa SA		22,558,150		188,128,311		1.6%
BRF - Brasil Foods SA ADR		2,898,191		42,400,534		0.3%
#*Fibria Celulose SA Sponsored ADR		2,444,493		43,903,094		0.4%
#Petroleo Brasileiro SA ADR		2,310,397		78,830,746		0.7%
Other Securities				511,654,175		4.3%
TOTAL BRAZIL				1,009,088,119		8.5%
CHILE — (2.5%)
Empresas CMPC SA		1,512,741		81,335,149		0.7%
#Enersis SA Sponsored ADR		3,017,368		68,826,164		0.6%
Other Securities				172,239,889		1.4%
TOTAL CHILE				322,401,202		2.7%
CHINA — (12.1%)
Bank of China, Ltd.		470,554,474		283,239,227		2.4%
China Construction Bank Corp.		72,842,000		69,637,206		0.6%
#China Petroleum & Chemical Corp. ADR		606,083		57,765,771		0.5%
#China Unicom Hong Kong, Ltd. ADR		4,715,857		66,021,998		0.5%
Other Securities				1,072,566,776		9.0%
TOTAL CHINA				1,549,230,978		13.0%
CZECH REPUBLIC — (0.4%)
Other Securities				44,808,463		0.4%
HUNGARY — (1.1%)
#*MOL Hungarian Oil & Gas P.L.C.		451,154		47,937,453		0.4%
#*OTP Bank P.L.C.		2,633,742		78,216,750		0.7%
Other Securities				16,419,394		0.1%
TOTAL HUNGARY				142,573,597		1.2%
INDIA — (10.2%)
Hindalco Industries, Ltd.		9,934,662		47,243,508		0.4%
#ICICI Bank, Ltd. Sponsored ADR		3,332,795		175,238,361		1.5%
Reliance Industries, Ltd.		7,365,013		181,814,091		1.5%
Other Securities				899,743,882		7.5%
TOTAL INDIA				1,304,039,842		10.9%
INDONESIA — (3.1%)
PT Bumi Resources Tbk		280,320,500		70,190,067		0.6%
Other Securities				331,711,535		2.8%
TOTAL INDONESIA				401,901,602		3.4%
ISRAEL — (0.0%)
Other Securities				3,639,775		0.0%
MALAYSIA — (3.4%)
AMMB Holdings Berhad		21,831,262		44,387,897		0.4%
PPB Group Berhad		6,909,766		42,656,648		0.3%
Other Securities				354,846,470		3.0%
TOTAL MALAYSIA				441,891,015		3.7%
MEXICO — (5.5%)
#*Cemex S.A.B. de C.V. Sponsored ADR		11,578,134		101,540,235		0.9%
Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR		1,617,816		88,834,277		0.7%
#Grupo Carso S.A.B. de C.V. Series A-1		10,578,093		60,960,244		0.5%

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DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
MEXICO — (Continued)
#Grupo Financiero Banorte S.A.B. de C.V.		10,027,360	$	42,901,314		0.4%
#Grupo Mexico S.A.B. de C.V. Series B		24,866,224		81,920,796		0.7%
#Organizacion Soriana S.A.B. de C.V. Series B		14,451,500		44,016,919		0.4%
Other Securities				290,330,610		2.4%
TOTAL MEXICO				710,504,395		6.0%
PHILIPPINES — (1.0%)
Other Securities				121,877,101		1.0%
POLAND — (1.7%)
*Polski Koncern Naftowy Orlen SA		5,310,008		74,871,545		0.7%
Other Securities				146,060,520		1.2%
TOTAL POLAND				220,932,065		1.9%
RUSSIA — (4.4%)
Gazprom OAO Sponsored ADR		18,589,632		407,020,812		3.4%
Lukoil OAO Sponsored ADR		2,257,507		125,889,656		1.1%
Other Securities				29,266,180		0.2%
TOTAL RUSSIA				562,176,648		4.7%
SOUTH AFRICA — (7.6%)
ABSA Group, Ltd.		3,202,004		62,031,775		0.5%
#Gold Fields, Ltd. Sponsored ADR		7,845,589		123,724,939		1.1%
#Nedbank Group, Ltd.		2,742,435		51,214,855		0.4%
Sanlam, Ltd.		28,700,406		107,458,594		0.9%
Other Securities				631,684,711		5.3%
TOTAL SOUTH AFRICA				976,114,874		8.2%
SOUTH KOREA — (11.7%)
Hyundai Motor Co., Ltd.		909,723		137,718,248		1.1%
#KB Financial Group, Inc. ADR		2,538,946		113,998,675		1.0%
#LG Display Co., Ltd. ADR		2,809,493		48,351,375		0.4%
#*LG Electronics, Inc.		747,229		65,798,650		0.5%
#POSCO ADR		1,058,114		109,980,369		0.9%
Samsung Corp.		834,818		49,026,745		0.4%
Shinhan Financial Group Co., Ltd.		1,534,998		59,466,140		0.5%
#Shinhan Financial Group Co., Ltd. ADR		802,794		62,433,289		0.5%
#SK Energy Co., Ltd.		320,419		43,117,922		0.4%
Other Securities				817,269,532		6.9%
TOTAL SOUTH KOREA				1,507,160,945		12.6%
TAIWAN — (11.0%)
#*AU Optronics Corp. Sponsored ADR		6,421,347		64,406,110		0.5%
*Chimei Innolux Corp.		49,903,746		66,965,890		0.6%
Fubon Financial Holding Co., Ltd.		35,221,501		43,089,224		0.3%
Mega Financial Holding Co., Ltd.		73,353,000		50,855,439		0.4%
United Microelectronics Corp.		116,004,069		55,645,336		0.5%
Other Securities				1,130,452,372		9.5%
TOTAL TAIWAN				1,411,414,371		11.8%
THAILAND — (2.4%)
Other Securities				303,985,751		2.6%
TURKEY — (2.2%)
Other Securities				284,884,341		2.4%
TOTAL COMMON STOCKS				11,318,625,084		95.0%

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DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††		Percentage     of Net Assets**
PREFERRED STOCKS — (4.3%)
BRAZIL — (4.3%)
#Gerdau SA Sponsored ADR		4,348,258	$	56,701,284		0.5%
Metalurgica Gerdau SA		4,022,600		61,582,237		0.5%
Petroleo Brasileiro SA ADR		3,327,243		103,776,709		0.9%
Usinas Siderurgicas de Minas Gerais SA Series A		7,092,710		88,935,233		0.7%
Other Securities				240,405,478		2.0%
TOTAL BRAZIL				551,400,941		4.6%
INDIA — (0.0%)
Other Securities				87,486		0.0%
MALAYSIA — (0.0%)
Other Securities				80,926		0.0%
TOTAL PREFERRED STOCKS				551,569,353		4.6%
RIGHTS/WARRANTS — (0.0%)
CHINA — (0.0%)
Other Securities				205,255		0.0%
INDONESIA — (0.0%)
Other Securities				1,733		0.0%
MALAYSIA — (0.0%)
Other Securities				450,428		0.0%
POLAND — (0.0%)
Other Securities				1,486,062		0.0%
SOUTH KOREA — (0.0%)
Other Securities				186,825		0.0%
TAIWAN — (0.0%)
Other Securities				74,585		0.0%
THAILAND — (0.0%)
Other Securities				305,184		0.0%
TOTAL RIGHTS/WARRANTS				2,710,072		0.0%
	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.7%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $81,705,000 FHLMC 4.00%, 09/01/24, valued at $71,456,943) to be repurchased at $83,314,319		$83,313		83,313,000		0.7%
	Shares/ Face Amount
	(000)
SECURITIES LENDING COLLATERAL — (6.8%)
§@DFA Short Term Investment Fund		877,175,369		877,175,369		7.4%

263

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares/ Face Amount		Value†		Percentage of Net Assets**
	(000)
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralized by $42,295,271 FNMA 7.000%, 08/01/38, valued at $1,439,213)## to be repurchased at $1,411,019		$1,411	$	1,410,993		0.0%
TOTAL SECURITIES LENDING COLLATERAL				878,586,362		7.4%
TOTAL INVESTMENTS — (100.0%) (Cost $9,604,404,435)			$	12,834,803,871		107.7%

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DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

Summary of inputs used to value the Fund’s investments as of October 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Brazil		$1,009,088,119		—		—		$1,009,088,119
Chile		322,401,202		—		—		322,401,202
China		200,110,080		$1,349,120,898		—		1,549,230,978
Czech Republic		—		44,808,463		—		44,808,463
Hungary		—		142,573,597		—		142,573,597
India		195,153,304		1,108,886,538		—		1,304,039,842
Indonesia		723,328		401,178,274		—		401,901,602
Israel		31,353		3,608,422		—		3,639,775
Malaysia		425,797		441,465,218		—		441,891,015
Mexico		709,803,830		700,565		—		710,504,395
Philippines		—		121,877,101		—		121,877,101
Poland		—		220,932,065		—		220,932,065
Russia		—		562,176,648		—		562,176,648
South Africa		180,709,172		795,405,702		—		976,114,874
South Korea		335,419,044		1,171,741,901		—		1,507,160,945
Taiwan		76,080,903		1,335,333,468		—		1,411,414,371
Thailand		295,095,677		8,890,074		—		303,985,751
Turkey		—		284,884,341		—		284,884,341
Preferred Stocks
Brazil		551,400,941		—		—		551,400,941
India		—		87,486		—		87,486
Malaysia		80,926		—		—		80,926
Rights/Warrants
China		190,603		14,652		—		205,255
Indonesia		—		1,733		—		1,733
Malaysia		450,428		—		—		450,428
Poland		—		1,486,062		—		1,486,062
South Korea		—		186,825		—		186,825
Taiwan		—		74,585		—		74,585
Thailand		65,435		239,749		—		305,184
Temporary Cash Investments		—		83,313,000		—		83,313,000
Securities Lending Collateral		—		878,586,362		—		878,586,362
TOTAL		$3,877,230,142		$8,957,573,729		—		$12,834,803,871

See accompanying Notes to Financial Statements.

265

DIMENSIONAL EMERGING MARKETS VALUE FUND

STATEMENT OF ASSETS AND LIABILITIES

OCTOBER 31, 2010

(Amounts in thousands, except share and per share amounts)

ASSETS:
Investments at Value (including $817,079 of securities on loan)	$	11,872,905
Temporary Cash Investments at Value & Cost		83,313
Collateral Received from Securities on Loan at Value & Cost		878,586
Foreign Currencies at Value		10,524
Cash		547
Receivables:
Investment Securities Sold		979
Dividends, Interest and Tax Reclaims		10,196
Fund Shares Sold		13,173
Securities Lending Income		918
Unrealized Gain on Foreign Currency Contracts		25
Total Assets		12,871,166
LIABILITIES:
Payables:
Upon Return of Securities Loaned		878,586
Investment Securities Purchased		55,280
Due to Advisor		988
Unrealized Loss on Foreign Currency Contracts		5
Deferred Thailand Capital Gains Tax		16,976
Accrued Expenses and Other Liabilities		1,376
Total Liabilities		953,211
NET ASSETS	$	11,917,955
Investments at Cost	$	8,642,505
Foreign Currencies at Cost	$	10,371

See accompanying Notes to Financial Statements.

266

DIMENSIONAL EMERGING MARKETS VALUE FUND

STATEMENT OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2010

(Amounts in thousands)

Investment Income
Dividends (Net of Foreign Taxes Withheld of $21,174)	$	180,635
Interest		82
Income from Securities Lending		8,842
Total Investment Income		189,559
Expenses
Investment Advisory Services Fees		9,448
Accounting & Transfer Agent Fees		940
Custodian Fees		6,991
Shareholders’ Reports		50
Directors’/Trustees’ Fees & Expenses		93
Professional Fees		420
Other		251
Total Expenses		18,193
Net Investment Income (Loss)		171,366
Realized and Unrealized Gain (Loss)
Net Realized Gain (Loss) on:
Investment Securities Sold		591,224
Foreign Currency Transactions		(3,254	)**
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		1,841,702
Translation of Foreign Currency Denominated Amounts		(154	)
Change in Deferred Thailand Capital Gains Tax		(10,266	)
Net Realized and Unrealized Gain (Loss)		2,419,252
Net Increase (Decrease) in Net Assets Resulting from Operations	$	2,590,618

** Net of foreign capital gain taxes withheld of $1,806.

See accompanying Notes to Financial Statements.

267

DIMENSIONAL EMERGING MARKETS VALUE FUND

STATEMENTS OF CHANGES IN NET ASSETS

(Amounts in thousands)

	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009
Increase (Decrease) in Net Assets
Operations:
Net Investment Income (Loss)	$	171,366		$	119,269
Net Realized Gain (Loss) on:
Investment Securities Sold		591,224			346,115
Futures		—			(3,835	)
Foreign Currency Transactions		(3,254	)**		(2,499	)
In-Kind Redemptions		—			25,938	*
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency		1,841,702			2,817,363
Futures		—			(30	)
Translation of Foreign Currency Denominated Amounts		(154	)		449
Change in Deferred Thailand Capital Gains Tax		(10,266	)		(3,804	)
Net Increase (Decrease) in Net Assets Resulting from Operations		2,590,618			3,298,966
Transactions in Interest:
Contributions		2,372,583			1,430,899
Withdrawals		(1,010,371	)		(813,144	)*
Net Increase (Decrease) from Transactions in Interest		1,362,212			617,755
Total Increase (Decrease) in Net Assets		3,952,830			3,916,721
Net Assets
Beginning of Period		7,965,125			4,048,404
End of Period	$	11,917,955		$	7,965,125

  * See Note J in the Notes to Financial Statements.

** Net of foreign capital gain taxes withheld of $1,806.

See accompanying Notes to Financial Statements.

268

DIMENSIONAL EMERGING MARKETS VALUE FUND†

FINANCIAL HIGHLIGHTS

(for a share outstanding throughout each period)

	Year Ended Oct. 31, 2010			Year Ended Oct. 31, 2009			Period Dec. 1, 2007 to Oct. 31, 2008			Year Ended Nov. 30, 2007			Year Ended Nov. 30, 2006			Year Ended Nov. 30, 2005
Total Return		30.55	%		79.39	%		(55.47	)%(C)		51.59	%		42.14	%		31.60	%
Net Assets, End of Period (thousands)	$	11,917,955		$	7,965,125		$	4,048,404		$	8,188,710		$	4,837,912		$	2,417,064
Ratio of Expenses to Average Net Assets		0.19	%		0.21	%		0.19	%(B)		0.19	%		0.22	%		0.29	%
Ratio of Net Investment Income to Average Net Assets		1.81	%		2.17	%		3.19	%(B)		2.50	%		2.57	%		3.23	%
Portfolio Turnover Rate		15	%		20	%		14	%(C)		14	%		9	%		7	%

See page 1 & 2 for the Definitions of Abbreviations and Footnotes.

† See Note A in the Notes to Financial Statements.

See accompanying Notes to Financial Statements.

269

DIMENSIONAL EMERGING MARKETS VALUE FUND

NOTES TO FINANCIAL STATEMENTS

A. Organization:

Dimensional Emerging Markets Value Fund Inc. (“DEM I”) was organized as a closed-end management investment company registered under the Investment Company Act of 1940, as amended. Effective November 21, 1997, DEM I was reorganized as an open-end management investment company. On October 27, 2009, the Board of Directors and shareholders of DEM I approved an Agreement and Plan of Reorganization that provided for the reorganization of DEM I from a Maryland corporation to a Delaware statutory trust. Effective October 30, 2009, DEM I transferred all of its assets and liabilities to Dimensional Emerging Markets Value Fund (“DEM II” or the “Fund”), a Delaware statutory trust, in a tax-free exchange under IRC §368(a)(1)(F).

Effective November 1, 2009, Dimensional Emerging Markets Value Fund (“DEM II”), a master fund in a master-feeder structure, elected with the consent of its Holder(s) to change its U.S. federal income tax classification from that of an association taxable as a corporation to a partnership pursuant to Treasury Regulation §301.7701-3. The change in capital structure and retroactive reclassification of the statement of changes in net assets and financial highlights for DEM II is a result of the treatment of a partnership for book purposes. DEM II and Emerging Markets Value Portfolio (“Portfolio”) will maintain their books and records and present their financial statements in accordance with generally accepted accounting principles for investment partnerships.

At a regular meeting of the Board of Directors/Trustees (the “Board”) on September 16, 2008, the Board voted to change the fiscal and tax year ends of the Fund from November 30 to October 31.

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 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 Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below:

—    Level 1 – quoted prices in active markets for identical securities

—    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 Fund’s own assumptions in determining the fair value of investments)

Securities held by the Fund (including over-the-counter securities) are valued at the last quoted sale price of the day. Securities held by the Fund that are listed on Nasdaq are valued at the Nasdaq Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, the Fund values the securities at the mean of the most recent quoted bid and asked prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.

270

Securities for which no market quotations are 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/Trustees. These securities are generally categorized as Level 2 in the hierarchy. 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 the Investment Committee of the Advisor) occur before the net asset value is calculated. When fair value pricing is used, the prices of securities used by the Fund may differ from the quoted or published prices for the same securities on their primary markets or exchanges.

The Fund will also fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 11:00 p.m. PT), which is fourteen hours prior to the close of the NYSE (normally, 1:00 p.m. PT) and the time that the net asset value of the Fund is computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the Fund prices its shares at the close of the NYSE, the Fund will fair value its foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the Fund’s foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Directors/Trustees of the Fund has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the Fund utilizes data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When the Fund uses fair value pricing, the values assigned to the Fund’s foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. Certain foreign equity securities that are fair value adjusted through an independent pricing service which considers statistically relevant trading patterns may periodically move from input valuation Level 2 to input valuation Level 1 when not meeting the fair value adjustment trigger requirements.

Futures contracts held by the Fund are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.

A summary of the inputs used to value the Fund’s investments by each major security type, industry and/or country is disclosed at the end of the Summary Schedule of Portfolio Holdings. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The Fund did not have any significant transfers between Level 1 and Level 2 during the year ended October 31, 2010.

2.    Foreign Currency Translation:    Securities and other assets and liabilities of the Fund whose values are initially expressed in foreign currencies are translated to U.S. dollars using the mean between the most recently quoted bid and asked 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 based on daily exchange rates and exchange gains or losses are realized upon ultimate receipt or disbursement.

The Fund does not isolate the effect of fluctuations in foreign exchange rates from the effect of fluctuations in the market prices of securities held whether realized or unrealized.

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 foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent amounts actually received or paid.

3.    Deferred Compensation Plan:    Each eligible Director of the Fund may elect participation in the Deferred Compensation Plan (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

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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. At October 31, 2010, the total liability for deferred compensation to Directors is included in Accrued Expenses and Other Liabilities on the Statement of Assets and Liabilities in the amount of $192 (in thousands).

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 to defer compensation (the “Notice”) to elect 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 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 of the Fund (unless the Director files an amended Notice selecting a different distribution date). Robert C. Merton resigned from the Board of the Fund on December 1, 2009 and received a lump sum payment of the proceeds of his deferred fee account on January 4, 2010 in the amount of $241,764. As of October 31, 2010, no other Directors have requested or received a distribution of proceeds of a deferred fee account.

4.    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 are on the basis of identified cost. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction of cost of investments or as a realized gain, respectively. The Fund estimates the character of distributions received that may be considered return of capital distributions. Interest income is recorded on the accrual basis. Expenses directly attributable to the Fund are directly charged.

The Fund may be subject to taxes imposed by countries in which it invests, with respect to its investment 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 Fund accrues 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.

The Fund’s investments in Chile are subject to governmental taxes on investment income. Such taxes are due when currencies are repatriated from the country. The Fund accrues for taxes on income as the income is earned.

The Fund’s investments in Thailand are subject to a 15% governmental capital gains tax. Such taxes are due upon sale of individual securities. The Fund accrues for taxes on the capital gains throughout the holding period based on the unrealized gain of the underlying securities. The Fund is also subject to a 15% governmental capital gains tax on short-term capital gains for investments in India. Such taxes are due upon sale of individual securities. The taxes for the capital gains are accrued when the capital gains are earned.

C. Investment Advisor:

Dimensional Fund Advisors LP (“Dimensional” or the “Advisor”) provides investment advisory services to the Fund. For the year ended October 31, 2010, the Fund’s advisory services fees were accrued daily and paid monthly to the Advisor based on an effective annual rate of 0.10% of average daily net assets.

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Fees Paid to Officers and Directors/Trustees:

Certain Officers and Directors/Trustees of the Advisor are also Officers and Directors/Trustees of the Fund; however, such Officers and Directors/Trustees (with the exception of the Chief Compliance Officer (“CCO”)) receive no compensation from the Fund. For the year ended October 31, 2010, the total related amounts paid by the Fund to the CCO were $19 (in thousands). The total related amounts paid by the Fund are included in Other Expenses on the Statement of Operations.

D. Purchases and Sales of Securities:

For the year ended October 31, 2010, the Fund made the following purchases and sales of investment securities, other than short-term securities and U.S. government securities (amounts in thousands):

Purchases	$	2,866,979
Sales		1,412,511

There were no purchases or sales of long-term U.S. government securities.

E. Federal Income Taxes:

No provision for federal income taxes is required since the Series’ are treated as partnerships for Federal income tax purposes. Any net investment income and realized and unrealized gains and losses have been deemed to have been “passed down” to their respective partners.

Some of the Fund’s investments are in securities considered to be “passive foreign investment companies” for which any unrealized appreciation (depreciation) (mark to market) and/or realized gains are required to be included in distributable net investment income for tax purposes. At October 31, 2010, the Fund had cumulative unrealized appreciation (depreciation) (mark to market) of $1,547 (in thousands) to be included in distributable net investment income for federal tax purposes. For the year ended October 31, 2010, realized gains on the sale of passive foreign investment companies totaling $4 (in thousands) have been reclassified from accumulated net realized gains to accumulated net investment income for federal tax purposes.

At October 31, 2010, the total cost and aggregate gross unrealized appreciation and (depreciation) of securities for federal income tax purposes were different from amounts reported for financial reporting purposes (amounts in thousands):

Federal     Tax Cost	Unrealized Appreciation	Unrealized (Depreciation)	Net Unrealized Appreciation (Depreciation)
$9,616,484	$3,784,673	$(566,353)	$3,218,320

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 on a tax return. Management has analyzed the Fund’s tax position and has concluded that no provision for income tax is required in the Fund’s financial statements. The Fund is not aware of any tax position for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

Effective November 1, 2009, Dimensional Emerging Markets Value Fund (“DEM II”), a master fund in a master-feeder structure with one RIC feeder and other direct client investors has made a “Check-the-Box” election for federal income tax purposes pursuant to Treasury Regulation §301.7701-3, to change their federal entity classifications from a corporation taxable as a regulated investment company to a partnership. DEM II and the Portfolio will maintain their books and records and present their financial statements in accordance with generally accepted accounting principals for investment partnerships. As a result of this election, the master fund is deemed to have distributed all of its assets and liabilities on October 31, 2009 to its shareholders in liquidation of the master fund. Since the master fund has a shareholder owning 80% or more of the fund’s shares, and also has shareholders owning less than 80%,

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the transaction creates a non-taxable transaction, pursuant to Internal Revenue Code §332, for those owning more than 80%, and a taxable transaction, pursuant to Internal Revenue Code §331, for those shareholders owning less than 80%. Immediately after the deemed liquidation, the shareholders contributed all of the distributed assets and liabilities to a newly formed partnership. The final tax year end of the Master Fund was October 31, 2009.

For federal income tax purposes, pursuant to Code §336(a), the master fund recognizes gain or loss relative to the investment of the less than 80% shareholders as if the master’s investment securities were sold to those shareholders and, pursuant to Code §331, each of those shareholders recognizes gain or loss as if it liquidated its investment in the master. Pursuant to Code §334(a), each of these shareholders will take a fair market value basis in the securities deemed received by them and a new holding period for those securities commences on the deemed liquidation date. In regards to the shareholder owning 80% or more of the master fund, pursuant to Code §332(a), the shareholder will not recognize any gain or loss on the deemed liquidation. However, pursuant to Code §332(c), a portion of the deemed distribution, which otherwise would have been tax-free as discussed above, since it is utilized by the master fund to satisfy its dividends paid deduction for the tax year, must be recognized and treated as a dividend by the 80% or greater shareholder. Pursuant to Code §334(b)(1) and §1223, the 80% or greater shareholder’s basis and holding period in the securities received in liquidation is the same as it was in the possession of the master. As a result of the transaction, Dimensional Emerging Markets Value Fund recognized a $104,402,506 and ($16,523) capital gain and currency loss respectively, for tax year ended October 31, 2009.

F. Financial Instruments:

In accordance with the Fund’s investment objectives and policies, the Fund 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.    Repurchase Agreements:    The Fund may purchase certain U.S. Government securities subject to the counterparty’s agreement to repurchase them at an agreed upon date and price. The counterparty will be required on a daily basis to maintain the value of the collateral subject to the agreement at not less than the repurchase price (including accrued interest). Due to a clerical error at the repurchase trading agent from October 29, 2010 through November 1, 2010, the collateral held by the Fund was less than the repurchase price. On November 2, 2010, the additional collateral was posted and the repurchase agreement was fully collateralized. The agreements are conditioned upon the collateral being deposited under the Federal Reserve book-entry system or with the Fund’s custodian or a third party sub-custodian. In the event of default or bankruptcy by the other party to the agreement, retention of the collateral may be subject to legal proceedings. All open repurchase agreements were entered into on October 29, 2010.

2.    Foreign Market Risks:    Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States, 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. Consequently, acquisition and disposition of securities by the Fund may be inhibited.

Derivative Financial Instruments:

Disclosures on derivative instruments and hedging activities are intended to improve financial reporting for derivative instruments by enabling investors to understand how and why a fund uses derivatives, how derivatives are accounted for and how derivative instruments affect a fund’s results of operations and financial position. Summarized below are the specific types of derivative instruments used by the Fund.

3.    Futures Contracts:    The Fund may enter into futures contracts to gain market exposure on uninvested cash pending investment in securities or to maintain liquidity to pay redemptions. Upon entering into a futures contract, the Fund deposits cash or pledges U.S. Government securities to a broker, equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or

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payments are known as “variation margin” and are recorded daily by the Fund as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Fund records a realized gain or loss, which is presented in the Statement 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 Fund could lose more than the initial margin requirements. The Fund 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.

Additional disclosure on derivative instruments is required showing a summary by primary risk exposure of the derivatives instruments’ (i) location in the balance sheet and fair value at period end and (ii) the location in the Statement of Operations and the realized and change in unrealized gain or loss over the reporting period.

At October 31, 2010, the Fund had no outstanding futures contracts.

G. Line of Credit:

The Fund, together with other Dimensional-advised portfolios, has entered into an amended and restated $250 million unsecured discretionary line of credit effective July 8, 2009 with an affiliate of its domestic custodian bank. Each portfolio is permitted to borrow, subject to its investment limitations, up to a maximum of $250 million, as long as total borrowings under the line of credit do not exceed $250 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 line of credit is scheduled to expire on June 21, 2011. There were no borrowings by the Fund under this line of credit during the year ended October 31, 2010.

The Fund, together with other Dimensional-advised portfolios, has also entered into an additional $500 million unsecured line of credit effective January 15, 2010 with its international custodian bank. 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. 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 to by the parties at the time of borrowing. There is no commitment fee on the unused portion of the line of credit. The agreement for the line of credit expires on January 15, 2011.

For the year ended October 31, 2010, borrowings by the Fund under this line of credit were as follows (amounts in thousands, except percentage and days):

Weighted Average Interest Rate	Weighted Average Loan Balance	Number of Days Outstanding	Interest Expense Incurred	Maximum Amount Borrowed During     the Period
0.87%	$23,610	32	$18	$60,454

There were no outstanding borrowings by the Fund under this line of credit as of October 31, 2010.

H. Securities Lending:

As of October 31, 2010, the Fund had securities on loan to brokers/dealers, for which the Fund received cash collateral. The Fund 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 required at all times to be secured by collateral equal to at least (i) 100% of the current market value of the loaned securities with respect to securities of the U.S. government or its agencies, (ii) 102% of the current market value of the loaned securities with respect to U.S. securities, and (iii) 105% of the current market value of the loaned securities with respect to foreign securities.

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However, daily market fluctuations could cause the Fund’s 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 Fund or, at the option of the lending agent, to replace the securities.

Subject to its stated investment policy, the Fund will generally invest the cash collateral received for the loaned securities in The DFA Short Term Investment Fund (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. The Fund 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, the Fund 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.

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 which 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. In-Kind Redemptions:

In accordance with guidelines described in the Fund’s prospectus, the Fund may distribute portfolio securities rather than cash as payment for a redemption of Fund shares (in-kind redemption). For financial reporting purposes, the Fund recognizes a gain on in-kind redemptions to the extent the value of the distributed securities on the date of redemption exceeds the cost of those securities. Gains and losses realized on in-kind redemptions are not recognized for tax purposes and are reclassified from undistributed realized gain (loss) to paid-in capital. During the year ended October 31, 2009, the Fund realized $25,938 (in thousands) of net gain.

K. Recently Issued Accounting Standards:

In January 2010, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2010-06 “Improving Disclosures about Fair Value Measurements.” ASU No. 2010-06 amends FASB Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures, to require additional disclosures in the roll forward of activity in Level 3 fair value measurements effective for interim and annual reporting periods beginning after December 15, 2010. Management is currently evaluating the impact ASU No. 2010-06 will have on its financial statement disclosures.

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L. Other

The Fund is 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 filed an action against all shareholders of The Tribune Company who tendered shares when the Tribune Company went private in 2007 in a leveraged buy out transaction, seeking the return of all 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, our 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 Fund and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements.

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Directors of Dimensional Emerging Markets Value Fund:

In our opinion, the accompanying statement of assets and liabilities, including the summary schedule of portfolio holdings, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Dimensional Emerging Markets Value Fund (the “Fund”) at October 31, 2010, the results of its operations for the year then ended, the changes in its net assets and the financial highlights for each of the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as “financial statements”) are the responsibility of the Fund’s management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at October 31, 2010 by correspondence with the custodian, broker and the transfer agent of the investee fund, provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 22, 2010

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FUND MANAGEMENT

(Unaudited)

Trustees/Directors

Each Board of Trustees/Directors of The DFA Investment Trust Company Inc. (“DFAITC”), DFA Investment Dimensions Group Inc. (“DFAIDG”), Dimensional Investment Group Inc. (“DIG”) and Dimensional Emerging Markets Value Fund (“DEM”) (each, the “Fund” and collectively, the “Funds”) is responsible for establishing the Funds’ policies and for overseeing the management of the Funds. The Trustees/Directors of the Funds, including all of the disinterested Directors, have adopted written procedures to monitor potential conflicts of interest that might develop between portfolios of the Funds (the “Feeder Portfolios”) that invest in certain series of DFAITC or DEM (the “Master Funds”).

Each Board has two standing committees, an Audit Committee and a Portfolio Performance and Service Review Committee (the “Performance Committee”). The Audit Committee is comprised of George M. Constantinides, Roger G. Ibbotson and Abbie J. Smith. Each member of the Audit Committee is a disinterested Director. The Audit Committee oversees the Fund’s accounting and financial reporting policies and practices, the Fund’s internal controls, the Fund’s financial statements and the independent audits thereof and performs other oversight functions as requested by the Board. The Audit Committee recommends the appointment of each Fund’s independent registered certified public accounting firm and also acts as a liaison between the Fund’s independent registered certified public accounting firm and the full Board. There were two Audit Committee meetings held during the fiscal year ended October 31, 2010.

Each Board’s Performance Committee is comprised of Messrs. Constantinides and Ibbotson, Ms. Smith, John P. Gould and Myron S. Scholes. Each member of the Fund’s Performance Committee is a disinterested Director. The Performance Committee regularly reviews and monitors the investment performance of the Fund’s series and reviews the performance of the Fund’s service providers. There were seven Performance Committee meetings held during the fiscal year ended October 31, 2010.

Certain biographical information for each disinterested Trustee/Director and each interested Trustee/Director of the Funds is set forth in the tables below, including a description of each Trustee/Director’s experience as a Trustee/ Director of the Funds and as a director or trustee of other funds, as well as other recent professional experience.

The statements of additional information (together, “SAI”) of the Funds include additional information about each Trustee/Director. You may obtain copies of the SAI and prospectus of each Fund advised by Dimensional Fund Advisors LP 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. Prospectuses are also available at www.dimensional.com.

Name, Position with the Fund, Address and Age	Term of Office1 and Length of Service	Portfolios within the DFA Fund Complex2 Overseen	Principal Occupation(s) During Past 5 Years and Other Directorships of Public Companies Held
Disinterested Trustees/Directors
George M. Constantinides Director of DFAIDG, DIG and DEM. Trustee of DFAITC. The University of Chicago Booth School of Business 5807 S. Woodlawn Avenue Chicago, IL 60637 Age: 63	DFAITC - since 1993 DFAIDG - since 1983 DIG - since 1993 DEM - since 1993	86 portfolios in 4 investment companies	Leo Melamed Professor of Finance, The University of Chicago Booth School of Business.

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Name, Position with the Fund, Address and Age	Term of Office1 and Length of Service	Portfolios within the DFA Fund Complex2 Overseen	Principal Occupation(s)  During Past 5 Years and Other Directorships of Public Companies Held
John P. Gould Director of DFAIDG, DIG and DEM. Trustee of DFAITC. The University of Chicago Booth School of Business 5807 S. Woodlawn Avenue Chicago, IL 60637 Age: 71	DFAITC - since 1993 DFAIDG - since 1986 DIG - since 1993 DEM - since 1993	86 portfolios in 4 investment companies	Steven G. Rothmeier Distinguished Service Professor of Economics, The University of Chicago Booth School of Business (since 1965). Member of the Boards of Milwaukee Mutual Insurance Company (since 1997). Member and Chair, Competitive Markets Advisory Committee, Chicago Mercantile Exchange (futures trading exchange) (since 2004). Formerly, Director of UNext, Inc. (1999-2006). Formerly, Senior Vice-President, Lexecon Inc. (economics, law, strategy and finance consulting) (1994-2004). Trustee, Harbor Fund (registered investment company) (27 Portfolios) (since 1994).
Roger G. Ibbotson Director of DFAIDG, DIG and DEM. Trustee of DFAITC. Yale School of Management 135 Prospect Street New Haven, CT 06520-8200 Age: 67	DFAITC - since 1993 DFAIDG - since 1981 DIG - since 1993 DEM - since 1993	86 portfolios in 4 investment companies	Professor in Practice of Finance, Yale School of Management (since 1984). Director, BIRR Portfolio Analysis, Inc. (software products) (since 1990). Chairman, CIO and Partner, Zebra Capital Management, LLC (hedge fund manager) (since 2001). Formerly, Chairman, Ibbotson Associates, Inc., Chicago, IL (software data publishing and consulting) (1977-2006).
Myron S. Scholes Director of DFAIDG, DIG and DEM. Trustee of DFAITC. Platinum Grove Asset Management, L.P. Reckson Executive Park 1100 King Street Building 4 Rye Brook, NY 10573 Age: 69	DFAITC - since 1993 DFAIDG - since 1981 DIG - since 1993 DEM - since 1993	86 portfolios in 4 investment companies	Frank E. Buck Professor Emeritus of Finance, Stanford University (since 1981). Chairman, Platinum Grove Asset Management, L.P. (hedge fund) (formerly, Oak Hill Platinum Partners) (since 1999). Formerly, Managing Partner, Oak Hill Capital Management (private equity firm) (until 2004). Formerly, Director, Chicago Mercantile Exchange (2001-2008). Director, American Century Fund Complex (registered investment companies) (37 Portfolios) (since 1981).
Abbie J. Smith Director of DFAIDG, DIG and DEM. Trustee of DFAITC. The University of Chicago Booth School of Business 5807 S. Woodlawn Avenue Chicago, IL 60637 Age: 57	DFAITC - since 2000 DFAIDG - since 2000 DIG - since 2000 DEM - since 2000	86 portfolios in 4 investment companies	Boris and Irene Stern Professor of Accounting, The University of Chicago Booth School of Business (since 1980), and Co-Director Investment Research, Fundamental Investment Advisors (hedge fund) (since 2008). Director, HNI Corporation (formerly known as HON Industries Inc.) (office furniture) (since 2000). Director, Ryder System Inc. (transportation, logistics and supply-chain management) (since 2003). Director/ Trustee, UBS Funds (fund complex) (5 portfolios) (since 2008).

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Name, Position with the Fund, Address and Age	Term of Office1 and Length of Service	Portfolios within the DFA Fund Complex2 Overseen	Principal Occupation(s) During Past 5 Years and Other Directorships of Public Companies Held
Interested Trustees/Directors*
David G. Booth Chairman, Director, Co-Chief Executive Officer and President of DFAIDG, DIG and DEM. Chairman, Trustee, Co-Chief Executive Officer and President of DFAITC. 6300 Bee Cave Road, Building One Austin, Texas 78746 Age: 63	DFAITC - since 1993 DFAIDG - since 1981 DIG - since 1992 DEM - since 1993	86 portfolios in 4 investment companies	Chairman, Director/Trustee, President, Co-Chief Executive Officer and, formerly, Chief Executive Officer (until 1/1/2010) and Chief Investment Officer (2003 to 3/30/2007) of the following companies: Dimensional Fund Advisors LP, DFA Securities LLC, Dimensional Emerging Markets Value Fund, DFAIDG, Dimensional Investment Group Inc. and The DFA Investment Trust Company. Chairman, Director, President and Co- Chief Executive Officer of Dimensional Holdings Inc. and formerly Chief Executive Officer (until 1/1/2010) and Chief Investment Officer (until 3/30/2007). Director of Dimensional Fund Advisors Ltd. and formerly, Chief Investment Officer. Director of DFA Australia Limited and formerly, President and Chief Investment Officer. Director of Dimensional Funds PLC and Dimensional Funds II PLC. Limited Partner, Oak Hill Partners (since 2001) and VSC Investors, LLC (since 2007). Trustee, University of Chicago. Trustee, University of Kansas Endowment Association. Formerly, Director, SA Funds (registered investment company). Chairman, Director and Co-Chief Executive Officer of Dimensional Fund Advisors Canada ULC. Director of Dimensional Cayman Commodity Fund I Ltd. Chairman, and President of Dimensional SmartNest LLC and Dimensional SmartNest (U.S.) LLC.
Eduardo A. Repetto Director, Co-Chief Executive Officer and Chief Investment Officer of DFAIDG, DIG and DEM. Trustee, Co-Chief Executive Officer, Chief Investment Officer and Vice President of DFAITC. 6300 Bee Cave Road, Building One Austin, TX 78746 Age: 43	DFAITC - since 2009 DFAIDG - since 2009 DIG - since 2009 DEM - since 2009	86 portfolios in 4 investment companies	Co-Chief Executive Officer (beginning January 2010), Chief Investment Officer (beginning March 2007) and formerly, Vice President of Dimensional Fund Advisors LP, Dimensional Holdings Inc., DFA Securities LLC, Dimensional Emerging Markets Value Fund, DFAIDG, Dimensional Investment Group Inc., The DFA Investment Trust Company, and Dimensional Fund Advisors Canada ULC; Director of all such entities except Dimensional Fund Advisors LP and DFA Securities LLC. Chief Investment Officer, Vice President and Director of DFA Australia Limited. Director of Dimensional Fund Advisors Ltd., Dimensional Funds PLC and Dimensional Funds II PLC. Director of Dimensional Cayman Commodity Fund I Ltd.

¹ Each Trustee/Director holds office for an indefinite term until his or her successor is elected and qualified.

² Each Trustee/Director is a director or trustee of each of the four registered investment companies within the DFA Fund Complex, which includes the Funds.

* Interested Trustees/Directors are described as such because they are deemed to be “interested persons,” as that term is defined under the Investment Company Act of 1940, as amended, due to their positions with Dimensional Fund Advisors LP.

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Officers

The name, age, information regarding positions with the Funds and the principal occupation for each officer of the Funds are set forth below. Each officer listed below holds the same office (except as otherwise noted) in the following entities: Dimensional Fund Advisors LP (prior to November 3, 2006, Dimensional Fund Advisors Inc.) (“Dimensional”), DFA Securities Inc., DFAIDG, DIG, DFAITC and DEM (collectively, the “DFA Entities”). The address of each officer is: Dimensional Fund Advisors LP, 6300 Bee Cave Road, Building One, Austin, Texas 78746, unless otherwise indicated.

Name, Position with the Fund and Age	Term of Office1 and Length of Service	Principal Occupation(s) During Past 5 Years
Officers
April A. Aandal Vice President and Chief Learning Officer Age: 47	Since 2008	Vice President of all the DFA Entities. Chief Learning Officer of Dimensional (since September 2008). Formerly, Regional Director of Dimensional (2004-2008); Vice President of Professional Development at Assante Asset Management (June 2002-January 2005).
Darryl D. Avery Vice President Age: 44	Since 2005	Vice President of all the DFA Entities. From June 2002 to January 2005, institutional client service representative of Dimensional.
Arthur H. Barlow Vice President Age: 54	Since 1993	Vice President of all the DFA Entities. Formerly, Vice President of DFA Australia Limited and Dimensional Fund Advisors Ltd.
Scott A. Bosworth Vice President Age: 41	Since 2007	Vice President of all the DFA Entities. Regional Director of Dimensional (since November 1997).
Valerie A. Brown Vice President and Assistant Secretary Age: 43	Since 2001	Vice President and Assistant Secretary of all the DFA Entities, DFA Australia Limited, Dimensional Fund Advisors Ltd., and since June 2003, Dimensional Fund Advisors Canada ULC.
David P. Butler Vice President Age: 46	Since 2007	Vice President of all the DFA Entities. Director of Global Financial Services of Dimensional (since 2008). Formerly, Regional Director of Dimensional Fund Advisors LP (January 1995 to January 2005).
Joseph H. Chi Vice President Age: 44	Since 2009	Vice President of all the DFA Entities. Portfolio Manager for Dimensional Fund Advisors LP (since October 2005). Prior to October 2005, Corporate Counsel at Hewitt Associates (July 2002-August 2005).
Stephen A. Clark Vice President Age: 38	Since 2004	Vice President of all the DFA Entities. Formerly, Portfolio Manager of Dimensional (April 2001-April 2004).
Robert P. Cornell Vice President Age: 61	Since 2007	Vice President of all the DFA Entities. Regional Director of Financial Services Group of Dimensional (since August 1993).
Christopher S. Crossan Vice President and Chief Compliance Officer Age: 44	Since 2004	Vice President and Chief Compliance Officer of all the DFA Entities.
James L. Davis Vice President Age: 53	Since 1999	Vice President of all the DFA Entities. Formerly, Vice President of DFA Australia Limited and Dimensional Fund Advisors Ltd.
Robert T. Deere Vice President Age: 53	Since 1994	Vice President of all the DFA Entities and DFA Australia Limited.
Peter F. Dillard Vice President Age: 38	Since 2010	Vice President of all the DFA Entities. Research Associate for Dimensional (since August 2008). Formerly, Research Assistant for Dimensional from April 2006-August 2008. Prior to April 2006, Manager at Hilton Hotels Corp. (September 2004-April 2006).

282

Name, Position with the Fund and Age	Term of Office1 and Length of Service	Principal Occupation(s) During Past 5 Years
Robert W. Dintzner Vice President Age: 40	Since 2001	Vice President of all the DFA Entities.
Beth Ann Dranguet Vice President Age: 40	Since 2010	Vice President of all the DFA Entities. Counsel for Dimensional (since July 2007). Formerly, Associate at Vinson & Elkins LLP (September 1999-July 2007).
Kenneth N. Elmgren Vice President Age: 56	Since 2007	Vice President of all the DFA Entities. Formerly, Managing Principal of Beverly Capital (May 2004 to September 2006).
Richard A. Eustice Vice President and Assistant Secretary Age: 45	Since 1998	Vice President and Assistant Secretary of all the DFA Entities and DFA Australia Limited. Chief Operating Officer of Dimensional Fund Advisors Ltd. (since July 2008). Formerly, Vice President of Dimensional Fund Advisors Ltd.
Eugene F. Fama, Jr. Vice President Age: 49	Since 1993	Vice President of all the DFA Entities. Formerly, Vice President of DFA Australia Limited and Dimensional Fund Advisors Ltd.
Gretchen A. Flicker Vice President Age: 39	Since 2004	Vice President of all the DFA Entities. Prior to April 2004, institutional client service representative of Dimensional.
Jed S. Fogdall Vice President Age: 36	Since 2008	Vice President of all the DFA Entities. Portfolio Manager for Dimensional (since September 2004). Prior to September 2004, Staff Engineer at the Boeing Company (1997-2004).
Jeremy P. Freeman Vice President Age: 39	Since 2009	Vice President of all the DFA Entities. Senior Technology Manager for Dimensional Fund Advisors LP (since June 2006). Formerly, Principal at AIM Investments/Amvescap PLC (now Invesco) (June 1998-June 2006).
Mark R. Gochnour Vice President Age: 43	Since 2007	Vice President of all the DFA Entities. Regional Director of Dimensional.
Henry F. Gray Vice President Age: 43	Since 2000	Vice President of all the DFA Entities. Prior to July 2000, Portfolio Manager of Dimensional. Formerly, Vice President of DFA Australia Limited.
John T. Gray Vice President Age: 36	Since 2007	Vice President of all the DFA Entities. Formerly, Regional Director of Dimensional (January 2005 to February 2007).
Joel H. Hefner Vice President Age: 42	Since 2007	Vice President of all the DFA Entities. Regional Director of Dimensional (since June 1998).
Julie C. Henderson Vice President and Fund Controller Age: 36	Since 2005	Vice President and Fund Controller of all the DFA Entities. Formerly, Senior Manager at PricewaterhouseCoopers LLP (July 1996 to April 2005).
Kevin B. Hight Vice President Age: 42	Since 2005	Vice President of all the DFA Entities. Formerly, Regional Director of Dimensional (since March 2003 to March 2005).
Christine W. Ho Vice President Age: 42	Since 2004	Vice President of all the DFA Entities. Prior to April 2004, Assistant Controller of Dimensional.
Jeff J. Jeon Vice President Age: 36	Since 2004	Vice President of all the DFA Entities. Counsel for Dimensional (since September 2001).

283

Name, Position with the Fund and Age	Term of Office1 and Length of Service	Principal Occupation(s) During Past 5 Years
Patrick M. Keating Vice President Age: 55	Since 2003	Vice President of all the DFA Entities and Chief Operating Officer of Dimensional. Director, Vice President and Chief Privacy Officer of Dimensional Fund Advisors Canada ULC. Director of DFA Australia Limited.
David M. Kershner Vice President Age: 39	Since 2010	Vice President of all the DFA Entities. Portfolio Manager for Dimensional (since June 2004).
Joseph F. Kolerich Vice President Age: 38	Since 2004	Vice President of all the DFA Entities. Portfolio Manager for Dimensional (since April 2001).
Michael F. Lane Vice President Age: 43	Since 2004	Vice President of all the DFA Entities. Formerly, Vice President of Advisor Services at TIAA-CREF (July 2001 to September 2004).
Kristina M. LaRusso Vice President Age: 35	Since 2006	Vice President of all DFA Entities. Formerly, Operations Supervisor of Dimensional (March 2003 to December 2006).
Juliet Lee Vice President Age: 39	Since 2005	Vice President of all the DFA Entities. Human Resources Manager of Dimensional (since January 2004).
Apollo D. Lupescu Vice President Age: 41	Since 2009	Vice President of all the DFA Entities. Regional Director for Dimensional (since February 2004).
Kenneth M. Manell Vice President Age: 37	Since 2010	Vice President of all the DFA Entities. Counsel for Dimensional (since September 2006). Formerly, Assistant General Counsel at Castle & Cooke (January 2004-September 2006).
Aaron M. Marcus Vice President & Head of Global Human Resources Age: 40	Since 2008	Vice President and Head of Global Human Resources of Dimensional. Formerly, Global Head of Recruiting and Vice President of Goldman Sachs & Co. (June 2006 to January 2008); Global Co-Head of HR of the Equities & FICC Division, and Vice President of Goldman Sachs & Co. (May 2005 to May 2006); Head of Americas Campus Recruiting and Vice President of Goldman Sachs & Co. (April 2003 to May 2005).
David R. Martin Vice President, Chief Financial Officer and Treasurer Age: 53	Since 2007	Vice President, Chief Financial Officer and Treasurer of all the DFA Entities. Director, Vice President, Chief Financial Officer and Treasurer of Dimensional Fund Advisors Ltd. and DFA Australia Limited. Chief Financial Officer, Treasurer, and Vice President of Dimensional Fund Advisors Canada ULC. Director of Dimensional Funds PLC and Dimensional Funds II PLC. Formerly, Executive Vice President and Chief Financial Officer of Janus Capital Group Inc. (June 2005 to March 2007); Senior Vice President of Finance at Charles Schwab & Co., Inc. (March 1999 to May 2005).
Catherine L. Newell Vice President and Secretary Age: 46	Vice President since 1997 and Secretary since 2000	Vice President and Secretary of all the DFA Entities. Director, Vice President and Secretary of DFA Australia Limited and Dimensional Fund Advisors Ltd. (since February 2002, April 1997 and May 2002, respectively). Vice President and Secretary of Dimensional Fund Advisors Canada ULC (since June 2003). Director, Dimensional Funds PLC and Dimensional Funds II PLC (since 2002 and 2006, respectively). Formerly, Assistant Secretary of all DFA Entities, DFA Australia Limited and Dimensional Fund Advisors Ltd.
Christian A. Newton Vice President Age: 35	Since 2009	Vice President of all DFA Entities. Web Services Manager for Dimensional Fund Advisors LP (Since January 2008). Formerly Design Manager (2005-2008) and Web Developer (2002-2005) of Dimensional Fund Advisors LP.

284

Name, Position with the Fund and Age	Term of Office1 and Length of Service	Principal Occupation(s) During Past 5 Years
Carolyn L. O Vice President Age: 36	Since 2010	Vice President of all the DFA Entities. Counsel for Dimensional (since September 2007). Prior to September 2007, Associate at K&L Gates LLP (January 2004-September 2007).
Gerard K. O’Reilly Vice President Age: 33	Since 2007	Vice President of all the DFA Entities. Formerly, Research Associate of Dimensional Fund Advisors LP (2004 to 2006); Research Assistant in PhD program, Aeronautics Department California Institute of Technology (1998 to 2004).
Daniel C. Ong Vice President Age: 36	Since 2009	Vice President of all the DFA Entities. Portfolio Manager for Dimensional Fund Advisors LP (since July 2005). Prior to 2005, Graduate Student at the University of Chicago Booth School of Business (2003-2005).
Kyle K. Ozaki Vice President Age: 32	Since 2010	Vice President of all the DFA Entities. Senior Compliance Officer for Dimensional (since Januay 2008). Formerly, Compliance Officer (February 2006-December 2007) and Compliance Analyst (August 2004-January 2006) for Dimensional.
Carmen E. Palafox Vice President Age: 36	Since 2006	Vice President of all the DFA Entities. Operations Manager of Dimensional Fund Advisors LP (since May 1996).
Sonya K. Park Vice President Age: 38	Since 2005	Vice President of all the DFA Entities. From February 2002 to January 2005, institutional client service representative of Dimensional.
David A. Plecha Vice President Age: 49	Since 1993	Vice President of all the DFA Entities, DFA Australia Limited and Dimensional Fund Advisors Ltd
Theodore W. Randall Vice President Age: 37	Since 2008	Vice President of all the DFA Entities. Formerly, Research Associate of Dimensional (2006-2008). Systems Developer of Dimensional (2001-2006).
L. Jacobo Rodriguez Vice President Age: 39	Since 2005	Vice President of all the DFA Entities. From August 2004 to July 2005, institutional client service representative of Dimensional. Formerly, Financial Services Analyst, Cato Institute (September 2001 to June 2004); Book Review Editor, Cato Journal, Cato Institute (May 1996 to June 2004).
Julie A. Saft Vice President Age: 51	Since 2010	Vice President of all the DFA Entities. Client Systems Manager for Dimensional (since July 2008). Formerly, Senior Manager at Vanguard (November 1997-July 2008).
David E. Schneider Vice President Age: 64	Since 2001	Vice President of all the DFA Entities. Currently, Director of Institutional Services.
Walid A. Shinnawi Vice President Age: 48	Since 2010	Vice President of all the DFA Entities. Regional Director for Dimensional (since March 2006). Formerly, Senior Manager at Moody’s KMV (1999-March 2006).
Bruce A. Simmons Vice President Age: 45	Since 2009	Vice President of all the DFA Entities. Investment Operations Manager for Dimensional Fund Advisors LP (since May 2007). Formerly, Vice President Client and Fund Reporting at Mellon Financial (September 2005-May 2007); Vice President Business Development at CUADPRO Marketing (July 2003-September 2005).
Edward R. Simpson Vice President Age: 42	Since 2007	Vice President of all the DFA Entities. Regional Director of Dimensional (since December 2002).
Bryce D. Skaff Vice President Age: 35	Since 2007	Vice President of all the DFA Entities. Formerly, Regional Director of Dimensional (December 1999 to January 2007).
Grady M. Smith Vice President Age: 54	Since 2004	Vice President of all the DFA Entities. Prior to April 2004, Portfolio Manager of Dimensional.

285

Name, Position with the Fund and Age	Term of Office1 and Length of Service	Principal Occupation(s) During Past 5 Years
Carl G. Snyder Vice President Age: 47	Since 2000	Vice President of all the DFA Entities. Formerly, Vice President of DFA Australia Limited.
Lawrence R. Spieth Vice President Age: 62	Since 2004	Vice President of all the DFA Entities. Prior to April 2004, Regional Director of Dimensional.
Bradley G. Steiman Vice President Age: 37	Since 2004	Vice President of all the DFA Entities and Director and Vice President of Dimensional Fund Advisors Canada ULC.
Robert C. Trotter Vice President Age: 52	Since 2009	Vice President of all the DFA Entities. Senior Manager Technology for Dimensional Fund Advisors LP (since March 2007). Formerly, Director of Technology at AMVESCAP (2002-2007).
Karen E. Umland Vice President Age: 44	Since 1997	Vice President of all the DFA Entities, DFA Australia Limited, Dimensional Fund Advisors Ltd., and Dimensional Fund Advisors Canada ULC.
Brian J. Walsh Vice President Age: 40	Since 2009	Vice President of all the DFA Entities. Portfolio Manager for Dimensional Fund Advisors LP (since 2004). Formerly, Trader for Dimensional Fund Advisors LP (1997-2004).
Weston J. Wellington Vice President Age: 59	Since 1997	Vice President of all the DFA Entities. Formerly, Vice President of DFA Australia Limited.
Ryan J. Wiley Vice President Age: 34	Since 2007	Vice President of all the DFA Entities. Senior Trader of Dimensional. Formerly, Portfolio Manager (2006 to 2007); Trader (2001 to 2006).
Paul E. Wise Vice President Age: 55	Since 2005	Vice President of all the DFA Entities. Chief Technology Officer for Dimensional (since 2004). Formerly, Principal of Turnbuckle Management Group (January 2002 to August 2004).

¹ Each officer holds office for an indefinite term at the pleasure of the Boards of Trustees/Directors and until his or her successor is elected and qualified.

286

VOTING PROXIES ON FUND PORTFOLIO SECURITIES

A description of the policies and procedures that the Fund and the Trust use in voting proxies relating to securities held in the portfolios is available without charge, upon request, by calling collect: (512) 306-7400. 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://www.dimensional.com and reflects the twelve-month period beginning July 1st and ending June 30th.

287

NOTICE TO SHAREHOLDERS

(Unaudited)

For shareholders that do not have an October 31, 2010 tax year end, this notice is for informational purposes only. For shareholders with an October 31, 2010 tax year end, please consult your tax advisor as to the pertinence of this notice. For the fiscal year November 1, 2009 to October 31, 2010, each Portfolio is designating the following items with regard to distributions paid during the fiscal year. All designations are based on financial information available as of the date of this annual report and, accordingly are subject to change. For each item, it is the intention of the Portfolio to designate the maximum amount permitted under the Internal Revenue Code and the regulations thereunder.

DFA Investment Dimensions Group Inc.	Net Investment Income Distributions	Short-Term Capital Gain Distributions	Long-Term Capital Gain Distributions	Return of Capital	Tax-Exempt Interest	Total Distributions	Qualifying For Corporate Dividends Received Deduction(1)	Qualifying Dividend Income(2)	U.S. Government Interest(3)	Foreign Tax Credit(4)	Foreign Source Income(5)	Qualifying Interest Income(6)	Qualifying Short- Term Capital  Gain(7)
Enhanced U.S. Large Company Portfolio	100%	—	—	—	—	100%	—	—	5%	—	—	100%	100%
U.S. Large Cap Value Portfolio	100%	—	—	—	—	100%	100%	100%	—	—	—	100%	100%
U.S. Targeted Value Portfolio	100%	—	—	—	—	100%	100%	100%	—	—	—	100%	100%
U.S. Small Cap Value Portfolio	100%	—	—	—	—	100%	100%	100%	—	—	—	100%	100%
U.S. Core Equity 1 Portfolio	100%	—	—	—	—	100%	100%	100%	—	—	—	100%	100%
U.S. Core Equity 2 Portfolio	100%	—	—	—	—	100%	100%	100%	—	—	—	100%	100%
U.S. Vector Equity Portfolio	100%	—	—	—	—	100%	100%	100%	—	—	—	100%	100%
U. S Small Cap Portfolio	100%	—	—	—	—	100%	100%	100%	—	—	—	100%	100%
U.S. Micro Cap Portfolio	100%	—	—	—	—	100%	100%	100%	—	—	—	100%	100%
DFA Real Estate Securities Portfolio	100%	—	—	—	—	100%	100%	100%	—	—	—	100%	100%
Large Cap International Portfolio	100%	—	—	—	—	100%	100%	100%	—	4%	110%	100%	100%
International Core Equity Portfolio	100%	—	—	—	—	100%	100%	100%	—	4%	138%	100%	100%
International Small Company Portfolio	100%	—	—	—	—	100%	100%	100%	—	3%	136%	100%	100%
Japanese Small Company Portfolio	100%	—	—	—	—	100%	100%	100%	—	7%	125%	100%	100%
Asia Pacific Small Company Portfolio	100%	—	—	—	—	100%	100%	100%	—	1%	125%	100%	100%
United Kingdom Small Company Portfolio	100%	—	—	—	—	100%	100%	100%	—	—	—	100%	100%
Continental Small Company Portfolio	100%	—	—	—	—	100%	100%	100%	—	6%	144%	100%	100%
DFA International Real Estate Securities Portfolio	100%	—	—	—	—	100%	100%	100%	—	1%	73%	100%	100%
DFA Global Real Estate Securities Portfolio	100%	—	—	—	—	100%	100%	100%	—	—	—	100%	100%
DFA International Small Cap Value Portfolio	94%	—	6%	—	—	100%	100%	100%	—	4%	150%	100%	100%
International Vector Equity Portfolio	99%	—	1%	—	—	100%	100%	100%	—	4%	136%	100%	100%
Emerging Markets Portfolio	46%	3%	51%	—	—	100%	100%	100%	—	6%	134%	100%	100%
Emerging Markets Small Cap Portfolio	93%	—	7%	—	—	100%	100%	100%	—	6%	153%	100%	100%
Emerging Markets Value Portfolio	36%	21%	43%	—	—	100%	100%	100%	—	4%	101%	100%	100%
Emerging Markets Core Equity Portfolio	100%	—	—	—	—	100%	100%	100%	—	6%	158%	100%	100%
Dimensional Investment Group Inc.
DFA International Value Portfolio	100%	—	—	—	—	100%	100%	100%	—	3%	126%	100%	100%
U.S. Large Company Portfolio	100%	—	—	—	—	100%	100%	100%	—	—	—	100%	100%

(1) Qualifying dividends represent dividends which qualify for the corporate dividends received deduction and is reflected as a percentage of ordinary Income distributions (the total of short-term capital gain and net investment income distributions).

(2) The percentage in this column represents the amount of “Qualifying Dividend Income” as created by the Jobs and Growth Tax Relief Reconciliation Act of 2003 and is reflected as a percentage of ordinary income distributions (the total of short-term capital gain and net investment income distributions). Please note that these percentages are designated only, refer to your 1099 for actual qualified dividend income.

(3) “U.S. Government Interest” represents the amount of interest that was derived from direct U.S. Government obligations and distributed during the fiscal year. This amount is reflected as a percentage of total ordinary income distributions (the total of short-term capital gain and net investment income distributions). Generally, interest from direct U.S. Government obligations is exempt from state income tax. However, for residents of California, Connecticut and New York, the statutory threshold requirements were satisfied for DFA Five-Year Government Portfolio, DFA Intermediate Government Fixed Income Portfolio, and DFA Inflation-Protected Securities Portfolio to permit exemption of these amounts from state income for these funds.

(4) “Foreign Tax Credit” represents dividends which qualify for the foreign tax credit pass through and is reflected as a percentage of investment company taxable income (the total of short-term capital gain and net investment income distributions).

(5) “Foreign Source Income” represents the portion of dividends derived from foreign sources, and is reflected as a percentage of investment company taxbale income (the total of short-term capital gain and net investment income distributions).

(6) The percentage in this column represents the amount of “Qualifying Interest Income” as created by The American Jobs Creation Act of 2004. The information is reflected as a percentage ordinary income distributions (the total of short-term capital gain and net investment income distributions).

(7) The percentage in this column represents the amount of “Qualifying Short-Term Capital Gain” as created by The American Jobs Creation Act of 2004. The information is reflected as a percentage of ordinary income distributions (the total of short-term capital gain and net investment income distributions).

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DFA103110-001A

ITEM 2. CODE OF ETHICS.

The Registrant has adopted, as of the end of the period covered by this Form N-CSR (the “Report”), a code of ethics that applies to the Registrant’s principal executive officer and principal financial officer (the “Code of Business Ethics”). The Registrant has not made any substantive amendments to the Code of Business Ethics during the period covered by this Report. The Registrant also has not granted any waiver from any provisions of the Code of Business Ethics during the period covered by this Report. A copy of the Code of Business Ethics is filed as an exhibit to this Report.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

The Registrant’s Board of Trustees has determined that Abbie J. Smith possesses the technical attributes to qualify as an “audit committee financial expert” serving on the Registrant’s Audit Committee and has designated Ms. Smith as the “audit committee financial expert.” Ms. Smith

earned a Ph.D. in Accounting, and has taught Accounting at the graduate level since 1980. Ms. Smith’s education and career have provided her with an understanding of generally accepted accounting principles and financial statements; the ability to assess the general application of such principles in connection with the accounting for estimates, accruals and reserves; and experience preparing, analyzing and evaluating financial statements that present a breadth and level of complexity of issues that can reasonably be expected to be raised by the Registrant’s financial statements. In addition, Ms. Smith has served on the boards of directors and audit committees of entities other than the Registrant. Ms. Smith is independent under the standards set forth in Item 3 of Form N-CSR.

ITEM 4.    PRINCIPAL ACCOUNTANT FEES AND SERVICES.
(a)    Audit Fees
	Fiscal Year Ended October 31, 2010: $23,082
	Fiscal Year Ended October 31, 2009: $21,565
(b)    Audit-Related Fees
	Fees for Registrant	Fiscal Year Ended October 31, 2010: $1,301
		Fiscal Year Ended October 31, 2009: $1,172
For fiscal years ended October 31, 2010 and October 31, 2009, Audited-Related Fees included fees for services related to limited procedures performed in connection with the production of the Registrant’s semi-annual financial statements.
	Audit-Related Fees required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X
		Fiscal Year Ended October 31, 2010: $159,000
		Fiscal Year Ended October 31, 2009: $158,695
For the fiscal years ended October 31, 2010 and October 31, 2009, Audit-Related Fees required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X included fees for services rendered in connection with the issuance of a Type II SAS 70 over controls at the Registrant’s investment adviser.
(c)    Tax Fees
	Fees for Registrant	Fiscal Year Ended October 31, 2010: $17,216
		Fiscal Year Ended October 31, 2009: $16,557
Tax Fees included, for the fiscal years ended October 31, 2010 and October 31, 2009, fees for tax services in connection with the Registrant’s excise tax calculations, limited review of the Registrant’s applicable tax returns and capital gains tax services in India.
There were no Tax Fees required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X during the fiscal years indicated above.
(d)    All Other Fees
	Fees for Registrant	Fiscal Year Ended October 31, 2010: $0
		Fiscal Year Ended October 31, 2009: $0

There were no “All Other Fees” required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X during the fiscal years indicated above.

(e)(1) Audit Committee’s Pre-Approval Policies and Procedures

Pre-Approval Policies and Procedures

as adopted by the

Audit Committees

of

DFA Investment Dimensions Group Inc.

Dimensional Emerging Markets Value Fund

Dimensional Investment Group Inc.

The DFA Investment Trust Company

(together, the “Funds”)

The Sarbanes-Oxley Act of 2002 (the “Act”) and the rules (the “Rules”) adopted by the U.S. Securities and Exchange Commission (the “SEC”) require that the Funds’ Audit Committees (together, the “Committee”) pre-approve all audit services and non-audit services provided to the Funds by their independent registered public accounting firm (the “Auditor”). The Act and the Rules also require that the Committee pre-approve all non-audit services provided by the Auditor to Dimensional Fund Advisors LP (“Dimensional”), the Funds’ investment advisor, and to affiliates of Dimensional that provide ongoing services to the Funds (with Dimensional, together the “Service Affiliates”) if the services directly impact the Funds’ operations and financial reporting.

The following policies and procedures govern the ways in which the Committee will pre-approve audit and various types of non-audit services that the Auditor provides to the Funds and to Service Affiliates. These policies and procedures do not apply in the case of audit services that the Auditor provides to Service Affiliates, nor do they apply to services that an audit firm other than the Auditor provides to such entities.

These policies and procedures comply with the requirements for pre-approval, but also provide mechanisms by which management of the Funds may request and secure pre-approval of audit and non-audit services in an orderly manner with minimal disruption to normal business operations. Pre-approval of non-audit services may be achieved through a combination of the procedures described in Sections C and D below.

A. General

1. The Committee must pre-approve all audit services and non-audit services that the Auditor provides to the Funds.

2. The Committee must pre-approve any engagement of the Auditor to provide non-audit services to any Service Affiliate during the period of the Auditor’s engagement to provide audit services to the Funds, if the non- audit services to the Service Affiliate directly impact the Funds’ operations and financial reporting.

B. Pre-Approval of Audit Services to the Funds

1. The Committee shall approve the engagement of an independent registered public accounting firm to certify the Funds’ financial statements for each fiscal year (the “Engagement”). The approval of the Engagement shall not be delegated to a Designated Member (as that term is defined in Section D below). In approving the Engagement, the Committee shall obtain, review and consider sufficient information concerning the proposed Auditor to enable the Committee to make a reasonable evaluation of the Auditor’s qualifications and independence. The Committee also shall consider the Auditor’s proposed fees for the Engagement, in light of the scope and nature of the audit services that the Funds will receive.

2. The Committee shall report to the Boards of Directors/Trustees of the Funds (together, the “Board”) regarding its approval of the Engagement and of the proposed fees for the Engagement, and the basis for such approval.

3. Unless otherwise in accordance with applicable law, the Engagement, in any event, shall require that the Auditor be selected by the vote, cast in person, of a majority of the members of the Board who are not “interested persons” of the Funds (as that term is defined in Section 2(a)(19) of the Investment Company Act of 1940) (the “Independent Directors”).

C. Pre-Approval of Non-Audit Services to the Funds and to Service Affiliates—by Types of Services

1. The Committee may pre-approve types of non-audit services (including tax services) to the Funds and their Service Affiliates pursuant to this Section C.

2. Annually, at such time as the Committee considers the Engagement of the Auditor, management of the Funds, in consultation with the Auditor, shall provide to the Committee, for its consideration and action, the following: (a) a list of those types of non-audit services, if any, that the Funds may request from the Auditor during the fiscal year; and (b) a list of those types of non-audit services directly impacting the Funds’ operations and financial reporting that Service Affiliates may request from the Auditor during the fiscal year.

3. The lists submitted to the Committee shall describe the types of non-audit services in reasonable detail (which may include a range of tax services) and shall include an estimated budget (or budgeted range) of fees, where possible, and such other information as the Committee may request. If

management and the Auditor desire the Committee to preapprove the furnishing of a range of tax services, the Auditor shall provide an estimated range of fees for such tax services for the consideration and approval by the Committee.

4. The Committee’s pre-approval of the types of non-audit services submitted pursuant to this Section C shall constitute authorization for management of the Funds to utilize the Auditor for the types of non-audit services so pre-approved, if needed or desired during the fiscal year.

5. A list of the types of non-audit services pre-approved by the Committee pursuant to this Section C will be distributed to management of the Service Affiliates and the appropriate partners of the Auditor. Periodically, the Auditor will discuss with the Committee those non-audit services that have been or are being provided pursuant to this Section C.

D. Pre-Approval of Non-Audit Services to the Funds and to Service Affiliates—Project-by-Project Basis

1. The Committee also may pre-approve non-audit services on a project-by-project basis pursuant to this Section D.

2. Management of the Funds, in consultation with the Auditor, may submit either to the Committee or to the Designated Member, as provided in this Section D, for their consideration and action, a pre-approval request identifying one or more non-audit service projects. The request so submitted shall describe the project(s) in reasonable detail and shall include an estimated budget (or budgeted range) of fees and such other information as the Committee or the Designated Member, as appropriate, shall request.

3. The Committee, from time to time, shall designate one or more of its members who are Independent Directors (each a “Designated Member”) to consider, on the Committee’s behalf, any non-audit services, whether to the Funds or to any Service Affiliate, that have not been pre-approved by the Committee. The Designated Member also shall review, on the Committee’s behalf, any proposed material change in the nature or extent of any non-audit services previously approved. The Funds’ management, in consultation with the Auditor, shall explain why such non-audit services or material change in non-audit services are necessary and appropriate and the anticipated costs thereof.

4. The Designated Member will review the requested non-audit services or proposed material change in such services and will either:

(a) pre-approve, pre-approve subject to conditions, or disapprove any such requested services, or any proposed material change in services, whether to the Funds or to a Service Affiliate; or

(b) refer such matter to the full Committee for its consideration and action.

In considering any requested non-audit services or proposed material change in such services, the Designated Member’s authority shall be limited to approving non-audit services or proposed material changes that do not exceed $10,000 in value.

5. The Designated Member’s pre-approval (or pre-approval subject to conditions) of the requested non-audit services or proposed material change in services pursuant to this Section D shall constitute authorization for the management of the Funds or the Service Affiliate, as the case may be, to utilize the Auditor for the non-audit services so pre-approved. Any action by the Designated Member in approving a requested non-audit service shall be presented for ratification by the Committee not later than at its next scheduled meeting. If the Designated Member does not approve the Auditor providing the requested non-audit service, the matter may be presented to the full Committee for its consideration and action.

E. Amendment; Annual Review

1. The Committee may amend these procedures from time to time.

2. These procedures shall be reviewed annually by the Committee.

F. Recordkeeping

1. The Funds shall maintain a written record of all decisions made by the Committee or by a Designated Member pursuant to these procedures, together with appropriate supporting materials.

2. In connection with the approval of any non-audit service pursuant to the de minimis exception provided in the Rules, a record shall be made indicating that each of the conditions for this exception, as set forth in the Rules, has been satisfied.

3. A copy of these Procedures (and of any amendments to these Procedures) shall be maintained and preserved permanently in an easily accessible place. The written records referred to in paragraphs 1 and 2 of this Section F shall be maintained and preserved for six years from the end of the fiscal year in which the actions recorded were taken, for at least the first two years in an easily accessible location.

      (e)(2) The fees disclosed in Items 4(b), 4(c) or 4(d) were approved by the Registrant’s Audit Committee but not pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

(f) The percentage of hours expended on the principal accountant’s engagement to audit the Registrant’s financial statements for the fiscal year ended October 31, 2010 that were attributed to work performed by persons other than the principal accountant’s full time, permanent employees was not greater than 50%.

(g) Aggregate Non-Audit Fees

Fiscal Year Ended October 31, 2010: $529,590

Fiscal Year Ended October 31, 2009: $530,954

(h) The Registrant’s Audit Committee has considered whether the provision of non-audit services that were rendered to the Registrant’s investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Registrant, that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence.

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) The Registrant’s schedule of investments is provided below.

DIMENSIONAL EMERGING MARKETS VALUE FUND

DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES

Schedule of Investments
Investment Abbreviations
ADR	American Depository Receipt
FHLMC	Federal Home Loan Mortgage Corporation
FNMA	Federal National Mortgage Association
GDR	Global Depository Receipt
NVDR	Non-Voting Depository Receipt
P.L.C.	Public Limited Company

Investment Footnotes
†	See Security Valuation Note within the Notes to Schedule of Investments.
††	Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedule of Investments.
*	Non-Income Producing Securities.
#	Total or Partial Securities on Loan.
@	Security purchased with cash proceeds from securities on loan.
—	Amounts designated as — are either zero or rounded to zero.
§	Affiliated Fund.
##	Par amount of collateral is a part of a pooled collateral facility. Value is indicative of the value allocated to this Fund as a part of this facility.

1

DIMENSIONAL EMERGING MARKETS VALUE FUND

SCHEDULE OF INVESTMENTS

October 31, 2010

	Shares		Value††
COMMON STOCKS — (88.2%)
BRAZIL — (7.9%)
Banco ABC Brasil SA		647,946	$	5,963,862
Banco Alfa de Investimento SA		97,200		436,180
Banco Daycoval SA		558,550		3,942,010
Banco do Brasil SA		165,559		3,205,436
Banco Industrial e Comercial SA		1,292,200		12,159,737
Banco Panamericano SA		1,150,400		5,135,291
Banco Pine SA		296,900		2,540,666
Banco Santander Brasil SA		219,225		3,095,684
#Banco Santander Brasil SA ADR		10,011,893		144,171,259
Banco Sofisa SA		715,300		2,229,659
Bematech SA		443,000		2,592,395
BM&F Bovespa SA		22,558,150		188,128,311
BR Malls Participacoes SA		4,327,854		40,649,196
*Brasil Ecodiesel Industria e Comercio de Biocombustiveis e Oleos Vegetais SA		8,441,712		5,362,024
BRF - Brasil Foods SA		739,298		10,670,101
BRF - Brasil Foods SA ADR		2,898,191		42,400,534
Brookfield Incorporacoes SA		3,310,800		17,855,694
Camargo Correa Desenvolvimento Imobiliario SA		711,600		3,406,707
Cia Providencia Industria e Comercio SA		283,150		1,192,351
Cosan SA Industria e Comercio		1,937,900		30,784,379
CR2 Empreendimentos Imobiliarios SA		69,900		272,973
Cremer SA		293,270		3,111,563
Duratex SA		1,917,444		22,103,101
#Empresa Brasileira de Aeronautica SA ADR		1,235,461		35,643,050
Eternit SA		666,723		4,011,396
Even Construtora e Incorporadora SA		1,422,651		7,982,174
EZ Tec Empreendimentos e Participacoes SA		878,300		6,250,326
*Fertilizantes Heringer SA		252,000		1,422,808
*Fibria Celulose SA		238,671		4,258,824
#*Fibria Celulose SA Sponsored ADR		2,444,493		43,903,094
Financeira Alfa SA		36,400		83,277
Gafisa SA		3,540,876		29,175,835
#Gafisa SA ADR		336,554		5,650,742
*General Shopping Brasil SA		377,630		2,793,969
Gerdau SA		1,869,600		18,472,787
*Globex Utilidades SA		45,131		395,490
Grendene SA		1,199,745		6,223,461
Guararapes Confeccoes SA		21,950		1,148,944
Helbor Empreendimentos SA		46,900		532,359
*IdeiasNet SA		832,130		1,849,939
Iguatemi Empresa de Shopping Centers SA		358,760		8,391,393
Industrias Romi SA		626,500		5,202,717
*Inpar SA		2,408,625		4,603,912
JBS SA		7,254,700		27,904,333
JHSF Participacoes SA		1,733,800		3,140,683
*Kepler Weber SA		4,157,400		904,686
*Kroton Educacional SA		410,836		4,240,529
*Log-in Logistica Intermodal SA		778,700		4,236,297
M Dias Branco SA		164,300		4,155,090
*Magnesita Refratarios SA		1,645,806		10,860,403
Marfrig Alimentos SA		1,349,830		12,035,184
Metalfrio Solutions SA		100,200		735,456
*Minerva SA		712,125		2,550,633
*MPX Energia SA		386,000		6,460,954
Multiplan Empreendimentos Imobiliarios SA		256,869		5,965,863
Obrascon Huarte Lain Brasil SA		263,100		8,919,064
Parana Banco SA		116,200		839,909
*Paranapanema SA		1,826,578		5,779,562

2

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
BRAZIL — (Continued)
#Petroleo Brasileiro SA ADR		2,310,397	$	78,830,746
*Plascar Participacoes Industriais SA		1,198,400		2,706,497
Porto Seguro SA		455,430		6,645,426
Profarma Distribuidora de Produtos Farmaceuticos SA		105,125		1,026,334
Rodobens Negocios Imobiliarios SA		246,901		2,555,701
Rossi Residencial SA		1,583,200		15,521,934
Santos Brasil Participacoes SA		29,100		390,214
Sao Carlos Empreendimentos e Participacoes SA		78,600		824,692
Sao Martinho SA		607,186		7,281,375
SLC Agricola SA		170,825		2,109,819
Springs Global Participacoes SA		368,400		899,171
Sul America SA		1,401,285		16,474,556
Tecnisa SA		50,354		307,994
Trisul SA		101,461		471,412
Triunfo Participacoes e Investimentos SA		125,300		588,069
Universo Online SA		479,100		2,888,182
Usinas Siderurgicas de Minas Gerais SA		2,163,700		31,431,741
TOTAL BRAZIL				1,009,088,119
CHILE — (2.5%)
Almendral SA		1,120,749		132,891
Banco de Credito e Inversiones SA Series A		131,142		7,924,017
Besalco SA		105,670		162,021
Cementos Bio-Bio SA		665,307		1,931,383
Centros Comerciales Sudamericanos SA		3,680,515		28,674,383
Cia Cervecerias Unidas SA		23,000		257,187
Cia General de Electricidad SA		891,089		5,609,042
*Cia SudAmericana de Vapores SA		10,840,439		14,452,589
Cintac SA		153,487		122,375
Corpbanca SA		1,179,769,735		18,559,395
Corpbanca SA ADR		400		31,216
Cristalerias de Chile SA		264,624		3,573,763
CTI Cia Tecno Industrial SA		488,163		31,925
Embotelladora Andina SA Series A ADR		29,985		722,039
Empresas CMPC SA		1,512,741		81,335,149
Empresas Copec SA		2,027,911		38,173,564
*Empresas Iansa SA		34,270,156		3,910,084
*Empresas La Polar SA		269,173		1,919,897
Enersis SA		31,903,095		14,539,828
#Enersis SA Sponsored ADR		3,017,368		68,826,164
Gasco SA		155,648		995,969
*Grupo Security SA		581,161		286,333
Industrias Forestales SA		3,436,382		828,975
Inversiones Aguas Metropolitanas SA		3,170,757		4,926,455
Madeco SA		49,034,820		2,855,979
*Masisa SA		36,930,742		6,073,961
Minera Valparaiso SA		7,500		278,672
Parque Arauco SA		1,761,407		3,728,429
*PAZ Corp. SA		1,313,243		1,124,908
Ripley Corp SA		3,392,739		4,739,361
Salfacorp SA		472,731		1,377,844
Sociedad Quimica y Minera de Chile SA Series A		32,260		1,648,778
Socovesa SA		2,644,207		1,669,718
Sonda SA		107,000		231,740
Soquimic Comercial SA		198,000		96,739
Vina Concha Y Toro SA Sponsored ADR		2,846		136,523
Vina San Pedro Tarapaca SA		57,038,434		511,906
TOTAL CHILE				322,401,202
CHINA — (12.1%)
#Agile Property Holdings, Ltd.		8,038,000		10,602,314

3

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
CHINA — (Continued)
*Aluminum Corp. of China, Ltd.		28,000	$	26,586
#*Aluminum Corp. of China, Ltd. ADR		287,695		6,896,049
#AMVIG Holdings, Ltd.		3,639,100		2,953,222
#Angang Steel Co., Ltd.		8,503,640		13,359,919
*Anhui Conch Cement Co., Ltd.		76,000		319,886
Anhui Tianda Oil Pipe Co., Ltd.		747,000		328,752
#Anton Oilfield Services Group		4,846,000		495,051
#Asia Cement China Holdings Corp.		3,202,000		1,449,861
Bank of China, Ltd.		470,554,474		283,239,227
#Bank of Communications Co., Ltd.		16,494,050		18,113,983
Baoye Group Co., Ltd.		1,689,120		1,111,071
#Beijing Capital International Airport Co., Ltd.		11,976,000		6,608,218
#Beijing Capital Land, Ltd.		7,932,000		2,914,177
*Beijing Development HK, Ltd.		1,501,000		299,526
Beijing Enterprises Holdings, Ltd.		5,599,500		38,296,880
Beijing Jingkelong Co., Ltd.		430,000		515,975
#Beijing North Star Co., Ltd. Series H		5,732,000		1,556,835
Bosideng International Holdings, Ltd.		9,472,000		4,795,633
*Brilliance China Automotive Holdings, Ltd.		20,112,000		17,695,013
#BYD Electronic International Co., Ltd.		7,606,000		4,047,118
*Catic Shenzhen Holdings, Ltd.		2,458,000		1,119,923
Central China Real Estate, Ltd.		4,191,000		951,714
#Centron Telecom International Holdings, Ltd.		2,674,600		639,722
#Chaoda Modern Agriculture Holdings, Ltd.		30,559,412		24,938,728
China Aerospace International Holdings, Ltd.		18,666,000		2,703,129
#China Agri-Industries Holdings, Ltd.		4,584,000		6,710,951
China Aoyuan Property Group, Ltd.		9,821,000		1,700,363
#China BlueChemical, Ltd.		9,710,878		7,695,360
#*China Chengtong Development Group, Ltd.		2,618,000		157,259
China Citic Bank Corp., Ltd.		39,145,000		28,490,697
China Coal Energy Co., Ltd.		21,853,000		37,996,498
China Communications Construction Co., Ltd.		32,735,327		31,349,882
China Communications Services Corp., Ltd.		14,199,382		8,251,081
China Construction Bank Corp.		72,842,000		69,637,206
#*China COSCO Holdings Co., Ltd.		2,551,000		2,989,504
#*China Energine International Holdings, Ltd.		2,178,000		219,868
#China Everbright, Ltd.		7,443,600		19,409,000
#*China Grand Forestry Green Resources Group, Ltd.		53,216,000		1,891,478
#China Green Holdings, Ltd.		3,753,800		3,863,260
China Haidian Holdings, Ltd.		12,343,000		2,059,585
China Haisheng Juice Holdings Co., Ltd.		48,000		7,451
#China Huiyuan Juice Group, Ltd.		6,321,983		4,244,732
#China Merchants Holdings International Co., Ltd.		4,190,176		14,707,934
#*China Mining Resources Group, Ltd.		32,788,000		924,154
#China Molybdenum Co., Ltd.		1,780,000		1,708,788
China National Materials Co., Ltd.		957,000		854,279
China Nickel Resources Holding Co., Ltd.		4,726,000		879,710
China Oilfield Services, Ltd.		266,000		430,950
China Petroleum & Chemical Corp.		33,806,000		32,077,164
#China Petroleum & Chemical Corp. ADR		606,083		57,765,771
#China Pharmaceutical Group, Ltd.		12,982,000		7,286,097
#*China Properties Group, Ltd.		4,410,000		1,425,486
*China Qinfa Group, Ltd.		1,592,000		822,363
China Railway Construction Corp., Ltd.		14,452,014		18,095,006
#*China Rare Earth Holdings, Ltd.		14,431,000		7,889,810
China Resources Enterprise, Ltd.		6,298,000		26,534,380
China Resources Land, Ltd.		11,829,727		23,348,792
*China Resources Microelectronics, Ltd.		31,880,000		1,465,111
*China Shanshui Cement Group, Ltd.		1,842,000		1,311,745
#*China Shipping Container Lines Co., Ltd.		32,569,700		13,299,508
#China Shipping Development Co., Ltd.		5,027,142		7,348,866

4

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
CHINA — (Continued)
China State Construction International Holdings, Ltd.		1,454,000	$	1,113,683
*China Travel International Investment Hong Kong, Ltd.		25,371,000		6,069,456
#China Unicom Hong Kong, Ltd.		2,354,000		3,310,673
#China Unicom Hong Kong, Ltd. ADR		4,715,857		66,021,998
*China Zenith Chemical Group, Ltd.		13,420,000		451,275
#*China Zhongwang Holdings, Ltd.		1,484,400		887,548
#*Chongqing Iron & Steel Co., Ltd.		3,804,000		1,077,194
Chongqing Machinery & Electric Co., Ltd.		6,266,000		2,133,767
*CIMC Enric Holdings, Ltd.		10,000		4,600
CITIC Pacific, Ltd.		6,664,000		17,731,715
*CITIC Resources Holdings, Ltd.		20,644,000		5,294,015
*Clear Media, Ltd.		641,000		383,521
*Coastal Greenland, Ltd.		6,814,000		387,831
COSCO International Holdings, Ltd.		5,146,000		3,133,712
COSCO Pacific, Ltd.		16,806,000		26,187,436
#Coslight Technology International Group, Ltd.		470,000		341,563
Country Garden Holdings Co.		29,651,079		10,464,244
Dachan Food Asia, Ltd.		2,426,000		476,795
Dalian Port PDA Co., Ltd.		13,298,000		5,760,772
Dongyue Group		3,526,000		1,557,538
Dynasty Fine Wines Group, Ltd.		9,454,600		5,855,456
Embry Holdings, Ltd.		600,000		580,765
#First Tractor Co., Ltd.		3,036,000		2,926,008
Fosun International, Ltd.		8,391,500		6,941,521
#Franshion Properties China, Ltd.		21,660,000		7,004,101
Fushan International Energy Group, Ltd.		2,010,000		1,355,196
*GCL Poly Energy Holdings, Ltd.		1,063,186		340,729
#*Global Bio-Chem Technology Group Co., Ltd.		34,338,360		5,589,346
#*Global Sweeteners Holdings, Ltd.		1,932,350		406,588
Goldbond Group Holdings, Ltd.		2,960,000		174,278
#*Golden Meditech Holdings, Ltd.		2,632,000		489,412
Goldlion Holdings, Ltd.		978,000		410,385
#Great Wall Motor Co., Ltd.		3,555,000		11,181,970
#Great Wall Technology Co., Ltd.		3,388,000		1,626,940
Greentown China Holdings, Ltd.		5,206,500		6,013,424
#Guangshen Railway Co., Ltd. Sponsored ADR		417,917		8,500,432
#Guangzhou Automobile Group Co., Ltd.		27,145,572		41,674,866
#*Guangzhou Investment Co., Ltd.		43,560,400		10,420,366
Guangzhou Pharmaceutical Co., Ltd.		2,870,000		3,061,076
#Guangzhou R&F Properties Co., Ltd.		6,985,914		9,985,959
GZI Transportation, Ltd.		1,003		525
Hainan Meilan International Airport Co., Ltd.		1,891,000		2,183,526
Haitian International Holdings, Ltd.		771,000		786,017
Harbin Power Equipment Co., Ltd.		6,788,000		9,186,272
#*Heng Tai Consumables Group, Ltd.		15,955,000		2,949,493
#Hidili Industry International Development, Ltd.		5,276,000		5,625,310
#*HKC Holdings, Ltd.		20,031,878		1,243,552
#*Hong Kong Energy Holdings, Ltd.		235,959		19,858
#*Honghua Group, Ltd.		9,542,000		1,429,971
#*Hopson Development Holdings, Ltd.		6,300,000		7,035,613
#Hua Han Bio-Pharmaceutical Holdings, Ltd.		3,788,850		1,276,867
#*Hunan Non-Ferrous Metal Corp., Ltd.		8,438,000		3,793,294
Industrial & Commercial Bank of China, Ltd. Series H		19,791,000		15,989,022
#*Inspur International, Ltd.		16,600,000		1,481,055
*Jingwei Textile Machinery Co., Ltd.		626,000		242,703
#Ju Teng International Holdings, Ltd.		6,498,000		3,235,351
*Kai Yuan Holdings, Ltd.		43,100,000		1,450,741
*Kasen International Holdings, Ltd.		1,906,000		369,564
Kingboard Chemical Holdings, Ltd.		4,231,000		20,564,842
Kingboard Laminates Holdings, Ltd.		1,694,000		1,639,084
*Kingway Brewery Holdings, Ltd.		1,870,000		443,906

5

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
CHINA — (Continued)
KWG Property Holding, Ltd.		10,519,000	$	8,331,563
Lai Fung Holdings, Ltd.		14,339,000		509,750
Lingbao Gold Co., Ltd.		1,846,000		1,297,272
#Lonking Holdings, Ltd.		2,056,000		1,106,048
#Maanshan Iron & Steel Co., Ltd.		23,102,000		13,340,636
*Media China Corp, Ltd.		39,162,500		222,916
MIN XIN Holdings, Ltd.		1,308,000		699,082
#Mingyuan Medicare Development Co., Ltd.		3,031,900		423,077
#*Minmetals Land, Ltd.		7,792,000		1,571,861
*Minmetals Resources, Ltd.		6,136,000		4,717,894
Minth Group, Ltd.		4,000		7,484
*Nan Hai Corp, Ltd.		30,600,000		268,518
NetDragon Websoft, Inc.		1,419,500		650,681
New World China Land, Ltd.		12,350,400		4,632,603
Nine Dragons Paper Holdings, Ltd.		4,053,000		6,557,389
#*Oriental Ginza Holdings, Ltd.		955,000		189,674
#*PetroAsian Energy Holdings, Ltd.		5,676,000		358,198
#PetroChina Co., Ltd. ADR		32,000		3,934,400
*PICC Property & Casualty Co., Ltd.		238,000		350,176
#Poly Hong Kong Investment, Ltd.		7,411,000		7,660,382
#*Pou Sheng International Holdings, Ltd.		2,085,000		331,479
#Prosperity International Holdings HK, Ltd.		10,880,000		729,892
Qin Jia Yuan Media Services Co., Ltd.		2,767,450		486,387
Qingling Motors Co., Ltd. Series H		12,306,000		4,578,170
*Qunxing Paper Holdings Co., Ltd.		2,216,381		945,731
Regent Manner International, Ltd.		944,000		452,172
REXLot Holdings, Ltd.		32,281,150		2,993,994
Samson Holding, Ltd.		4,259,000		781,245
Scud Group, Ltd.		752,000		87,636
*Semiconductor Manufacturing International Corp.		67,505,000		5,657,716
#*Semiconductor Manufacturing International Corp. ADR		1,167,388		4,809,639
#Shandong Chenming Paper Holdings, Ltd. Series H		2,747,000		2,310,325
Shandong Molong Petroleum Machinery Co., Ltd.		158,000		193,469
*Shandong Xinhua Pharmaceutical Co., Ltd.		158,000		70,449
#Shanghai Forte Land Co., Ltd.		6,388,000		1,904,672
Shanghai Industrial Holdings, Ltd.		7,847,000		36,333,584
*Shanghai Industrial Urban Development Group, Ltd.		9,446,000		4,886,755
#Shanghai Jin Jiang International Hotels Group Co., Ltd.		9,810,000		2,473,068
Shanghai Prime Machinery Co., Ltd.		5,448,000		1,302,562
Shanghai Zendai Property, Ltd.		18,545,000		801,658
Shenzhen International Holdings, Ltd.		51,585,000		4,065,811
Shenzhen Investment, Ltd.		18,112,000		6,530,102
#Shimao Property Holdings, Ltd.		13,759,500		22,797,015
Shougang Concord Century Holdings, Ltd.		6,972,299		919,488
*Shougang Concord International Enterprises Co., Ltd.		36,960,000		6,219,198
#Shui On Land, Ltd.		23,258,798		11,659,320
#Silver Grant International Industries, Ltd.		10,840,000		3,655,607
#SIM Technology Group, Ltd.		6,760,000		1,453,418
#*Sino Union Energy Investment Group, Ltd.		21,350,000		1,903,075
SinoCom Software Group, Ltd.		1,602,000		187,755
#*Sinofert Holdings, Ltd.		12,540,000		6,663,643
Sinolink Worldwide Holdings, Ltd.		12,830,000		1,873,922
#SinoMedia Holding, Ltd.		1,375,830		508,207
#Sino-Ocean Land Holdings, Ltd.		23,578,033		16,271,225
Sinopec Kantons Holdings, Ltd.		9,174,300		4,853,824
Sinopec Shanghai Petrochemical Co., Ltd. Sponsored ADR		18,537		834,350
#Sinotrans Shipping, Ltd.		7,244,000		2,933,269
Sinotrans, Ltd.		26,720,000		7,259,723
#Sinotruk Hong Kong, Ltd.		5,603,500		6,464,310
#Skyworth Digital Holdings, Ltd.		30,000		17,602
#Soho China, Ltd.		16,068,000		13,680,725

6

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
CHINA — (Continued)
#*Solargiga Energy Holdings, Ltd.		1,201,000	$	276,259
#SPG Land Holdings, Ltd.		2,568,575		1,402,697
#SRE Group, Ltd.		21,776,000		2,226,265
Sunny Optical Technology Group Co., Ltd.		1,305,000		315,692
Tak Sing Alliance Holdings, Ltd.		3,949,066		510,087
TCC International Holdings, Ltd.		994,000		410,361
#TCL Multimedia Technology Holdings, Ltd.		4,478,200		1,878,430
#Tian An China Investments Co., Ltd.		7,489,000		5,743,542
Tiangong International Co., Ltd.		955,000		467,847
#*Tianneng Power International, Ltd.		4,262,000		1,920,081
Tomson Group, Ltd.		2,429,206		949,991
TPV Technology, Ltd.		1,864,222		1,151,923
Travelsky Technology, Ltd.		8,035,000		7,800,714
#Truly International Holdings, Ltd.		1,226,000		1,743,260
#*Uni-President China Holdings, Ltd.		405,000		288,508
*United Energy Group, Ltd.		64,000		7,346
#*Wasion Group Holdings, Ltd.		358,000		261,292
#Weiqiao Textile Co., Ltd.		3,656,500		2,885,466
#Wuyi International Pharmaceutical Co., Ltd.		5,257,500		488,794
Xiamen International Port Co., Ltd.		6,980,000		1,307,300
Xingda International Holdings, Ltd.		4,197,000		4,387,168
Xinhua Winshare Publishing & Media Co., Ltd.		3,369,000		2,014,079
#Xinjiang Xinxin Mining Industry Co., Ltd.		4,816,000		3,258,560
#Xiwang Sugar Holdings Co., Ltd.		5,980,736		2,023,804
Yanzhou Coal Mining Co., Ltd. Sponsored ADR		165,714		4,785,820
#Yip’s Chemical Holdings, Ltd.		726,000		864,679
#*Zhejiang Glass Co., Ltd.		437,000		139,817
#*Zhong An Real Estate, Ltd.		3,812,800		906,079
TOTAL CHINA				1,549,230,978
CZECH REPUBLIC — (0.4%)
#*Central European Media Enterprises, Ltd.		299,842		7,079,803
*Pegas Nonwovens SA		127,092		3,014,405
Telefonica 02 Czech Republic A.S.		853,614		18,762,703
*Unipetrol A.S.		1,411,781		15,951,552
TOTAL CZECH REPUBLIC				44,808,463
HUNGARY — (1.1%)
*Danubius Hotel & Spa NYRT		136,180		2,544,015
Egis Gyogyszergyar NYRT		57,430		6,744,171
*Fotex Holding SE Co., Ltd.		913,849		1,965,246
#*MOL Hungarian Oil & Gas P.L.C.		451,154		47,937,453
#*OTP Bank P.L.C.		2,633,742		78,216,750
*PannErgy P.L.C.		200,940		1,022,397
*Tisza Chemical Group P.L.C.		237,913		4,143,565
TOTAL HUNGARY				142,573,597
INDIA — (10.2%)
3i Infotech, Ltd.		422,692		639,783
Aban Offshore, Ltd.		58,486		1,039,964
ABG Shipyard, Ltd.		140,808		1,445,601
ACC, Ltd.		8,174		181,498
Aditya Birla Nuvo, Ltd.		354,483		6,540,559
AGC Networks, Ltd.		139		719
Ajmera Realty & Infra India, Ltd.		70,083		400,750
Akzo Nobel India, Ltd.		50,729		993,814
Alembic, Ltd.		619,600		1,039,651
Allahabad Bank, Ltd.		1,091,889		6,092,986
Alok Industries, Ltd.		3,717,329		2,275,114
Amara Raja Batteries, Ltd.		19,579		87,496

7

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
INDIA — (Continued)
Ambuja Cements, Ltd.		5,354,209	$	16,881,909
Amtek Auto, Ltd.		789,486		2,827,437
Anant Raj Industries, Ltd.		661,011		1,936,884
Andhra Bank		1,052,102		4,226,903
Ansal Properties & Infrastructure, Ltd.		682,306		1,340,321
Apollo Hospitals Enterprise, Ltd.		367,830		4,325,712
Apollo Tyres, Ltd.		1,676,970		2,706,758
*Arvind Mills, Ltd.		1,526,154		1,986,254
*Ashapura Minechem, Ltd.		36,874		42,285
Ashok Leyland, Ltd.		6,240,668		10,641,046
Asian Hotels East, Ltd.		1,050		9,903
Asian Hotels West, Ltd.		1,050		5,613
Asian Hotels, Ltd.		1,050		7,144
Aurobindo Pharma, Ltd.		11,802		313,784
Axis Bank, Ltd.		1,080,231		35,755,908
Bajaj Finance, Ltd.		92,800		1,644,008
Bajaj Hindusthan, Ltd.		838,582		2,334,808
Bajaj Holdings & Investment, Ltd.		299,410		5,908,638
Balkrishna Industries, Ltd.		4,449		75,193
Ballarpur Industries, Ltd.		3,218,873		2,911,093
Balmer Lawrie & Co., Ltd.		52,331		766,951
Balrampur Chini Mills, Ltd.		1,820,136		3,469,109
Bank of Baroda		797,959		18,194,057
Bank of India		876,391		9,612,011
Bank of Maharashtra, Ltd.		1,128,356		1,981,510
*BASF India, Ltd.		1,928		29,080
BEML, Ltd.		133,202		3,357,386
Bengal & Assam Co., Ltd.		9,237		78,216
Bharati Shipyard, Ltd.		56,986		339,272
Bhushan Steel, Ltd.		945,780		10,584,945
Binani Cement, Ltd.		51,025		104,307
Birla Corp., Ltd.		114,223		1,009,954
Bl Kashyap & Sons, Ltd.		225,880		183,453
Bombay Rayon Fashions, Ltd.		393,115		1,943,303
Brigade Enterprises, Ltd.		22,619		68,944
*Cairn India, Ltd.		3,309,459		23,930,693
Canara Bank		926,391		15,036,465
Central Bank of India		629,701		3,212,853
Century Enka, Ltd.		54,052		295,798
Century Textiles & Industries, Ltd.		152,552		1,727,759
Chambal Fertilizers & Chemicals, Ltd.		1,344,619		2,434,763
City Union Bank, Ltd.		1,076,331		1,226,254
Coromandel International, Ltd.		106,481		1,539,337
Corp. Bank		106,714		1,803,566
*Cranes Software International, Ltd.		127,339		20,440
*Dalmia Bharat Enterprises, Ltd.		159,852		633,291
Dalmia Cement (Bharat), Ltd.		159,852		174,220
DCM Shriram Consolidated, Ltd.		271,706		285,374
Deepak Fertilizers & Petrochemicals Corp., Ltd.		401,220		1,609,176
Dena Bank		99,442		306,154
*Development Credit Bank, Ltd.		1,075,089		1,681,674
Dhanalakshmi Bank, Ltd.		36,681		153,626
Dishman Pharmaceuticals & Chemicals, Ltd.		106,182		437,366
DLF, Ltd.		691,014		5,460,052
Dredging Corp. of India, Ltd.		66,061		771,063
E.I.D. - Parry (India), Ltd.		357,212		3,995,386
Edelweiss Capital, Ltd.		594,520		836,373
Eicher Motors, Ltd.		46,001		1,334,146
EIH, Ltd.		600,040		1,683,270
Elder Pharmaceuticals, Ltd.		97,715		876,391
Electrosteel Casings, Ltd.		654,010		611,731

8

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
INDIA — (Continued)
Elgi Equipments, Ltd.		24,745	$	102,629
Escorts, Ltd.		551,568		2,741,770
*Essar Shipping Ports & Logistics, Ltd.		808,040		1,993,744
Essel Propack, Ltd.		476,584		556,030
Everest Industries, Ltd.		9,843		50,874
Everest Kanto Cylinder, Ltd.		397,388		1,131,109
FAG Bearings (India), Ltd.		500		10,377
FDC, Ltd.		179,858		420,083
Federal Bank, Ltd.		1,334,943		14,180,604
Financial Technologies (India), Ltd.		74,561		1,659,819
Finolex Cables, Ltd.		565,734		749,774
Finolex Industries, Ltd.		695,629		1,823,733
*Firstsource Solutions, Ltd.		462,206		284,119
*Future Capital Holdings, Ltd.		825		4,475
GAIL India, Ltd.		700,109		7,738,413
Gammon India, Ltd.		405,301		1,862,679
*Ganesh Housing Corp., Ltd.		637		3,507
Gateway Distriparks, Ltd.		207,427		516,998
Geodesic, Ltd.		355,739		936,737
*GIC Housing Finance, Ltd.		13,690		46,264
Gitanjali Gems, Ltd.		513,757		3,423,399
Godawari Power & Ispat, Ltd.		51,305		232,801
Godfrey Phillips India, Ltd.		784		29,964
*Goetze (India), Ltd.		9,195		36,263
Graphite India, Ltd.		386,627		815,571
Grasim Industries, Ltd.		15,142		766,284
Great Eastern Shipping Co., Ltd.		942,893		6,728,062
Great Offshore, Ltd.		140,299		1,189,732
*GTL Infrastructure, Ltd.		691,128		695,248
GTL, Ltd.		350,140		3,291,370
Gujarat Alkalies & Chemicals, Ltd.		421,803		1,241,495
Gujarat Fluorochemicals, Ltd.		181,278		754,322
Gujarat Narmada Valley Fertilizers Co., Ltd.		647,256		1,815,345
Gujarat State Fertilizers & Chemicals, Ltd.		445,889		3,613,548
Gulf Oil Corp., Ltd.		194,724		560,997
H.E.G., Ltd.		131,606		807,862
HBL Power Systems, Ltd.		474,970		290,698
HCL Infosystems, Ltd.		496,002		1,268,740
HCL Technologies, Ltd.		224,791		2,051,252
*HeidelbergCement India, Ltd.		520,445		536,651
Hexaware Technologies, Ltd.		1,266,493		2,507,397
Hikal, Ltd.		4,933		47,365
Hindalco Industries, Ltd.		9,934,662		47,243,508
Hinduja Global Solutions, Ltd.		65,909		576,764
Hinduja Ventures, Ltd.		68,545		689,709
Hotel Leelaventure, Ltd.		1,357,335		1,578,483
*Housing Development & Infrastructure, Ltd.		1,228,907		6,868,679
*ICICI Bank, Ltd.		111,742		2,938,646
#ICICI Bank, Ltd. Sponsored ADR		3,332,795		175,238,361
ICSA (India), Ltd.		290,435		849,075
IDBI Bank, Ltd.		2,354,413		9,589,849
*Idea Cellular, Ltd.		3,687,714		5,583,056
IFCI, Ltd.		4,121,140		6,432,346
India Cements, Ltd.		2,016,703		5,038,413
India Infoline, Ltd.		1,395,726		3,662,303
Indiabulls Financial Services, Ltd.		1,877,333		9,355,932
*Indiabulls Real Estate, Ltd.		2,924,244		12,649,066
Indiabulls Securities, Ltd.		6,234		3,771
Indian Bank		766,855		5,060,689
Indian Hotels Co., Ltd.		3,531,468		7,967,801
Indian Overseas Bank		1,005,458		3,618,703

9

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
INDIA — (Continued)
*Indo Rama Synthetics (India), Ltd.		202,314	$	308,058
IndusInd Bank, Ltd.		1,092,668		6,518,587
INEIS ABS India, Ltd.		28,114		239,486
Infotech Enterprises, Ltd.		21,152		77,471
Infrastructure Development Finance Co., Ltd.		2,790,613		12,628,909
ING Vysya Bank, Ltd.		289,910		2,630,496
Ingersoll-Rand India, Ltd.		18,256		201,183
Ipca Laboratories, Ltd.		251,146		1,841,809
*ISMT, Ltd.		161,991		188,944
*Ispat Industries, Ltd.		4,133,543		1,826,179
*IVRCL Assets & Holdings, Ltd.		89,922		226,890
IVRCL Infrastructures & Projects, Ltd.		2,864,100		9,654,824
J.B. Chemicals & Pharmaceuticals, Ltd.		377,474		1,038,115
Jammu & Kashmir Bank, Ltd.		233,400		4,795,229
JBF Industries, Ltd.		96,294		464,322
*Jet Airways (India), Ltd.		244,572		4,476,071
Jindal Poly Films, Ltd.		108,626		1,537,798
Jindal Saw, Ltd.		1,180,076		5,780,069
JK Cement, Ltd.		87,998		344,854
JK Lakshmi Cement, Ltd.		290,053		402,159
JK Tyre & Industries, Ltd.		158,673		583,696
JM Financial, Ltd.		205,032		179,464
*JSL Stainless, Ltd.		726,612		1,999,063
JSW Steel, Ltd.		1,091,845		32,971,365
Jubilant Organosys, Ltd.		228,068		1,618,198
K.S.B. Pumps, Ltd.		3,791		43,001
Kalpataru Power Transmission, Ltd.		5,000		19,548
*Kalyani Investment Co., Ltd.		8,518		161,348
Kalyani Steels, Ltd.		85,188		227,864
Karnataka Bank, Ltd.		629,365		2,618,988
Karur Vysya Bank, Ltd.		189,576		2,287,190
Karuturi Global, Ltd.		555,213		436,094
Kesoram Industries, Ltd.		212,331		1,416,866
*Kirloskar Eng India, Ltd.		328,770		1,516,916
Kirloskar Industries, Ltd.		21,918		187,392
Koutons Retail India, Ltd.		2,849		6,481
KS Oils, Ltd.		1,831,255		2,364,361
Lakshmi Machine Works, Ltd.		4,697		283,354
Lakshmi Vilas Bank, Ltd.		247,979		724,675
*Landmark Property Development Co., Ltd.		240,241		24,152
LIC Housing Finance, Ltd.		317,938		9,590,629
Madhucon Projects, Ltd.		183,396		607,738
Madras Cements, Ltd.		409,184		1,070,724
*Mahanagar Telephone Nigam, Ltd.		137,633		209,209
#*Mahanagar Telephone Nigam, Ltd. ADR		100,249		310,772
Maharashtra Scooters, Ltd.		4,450		41,681
Maharashtra Seamless, Ltd.		149,749		1,408,629
Mahindra & Mahindra Financial Services, Ltd.		34,564		573,773
Mahindra & Mahindra, Ltd.		1,172,012		19,328,233
Mahindra Lifespace Developers, Ltd.		135,781		1,454,219
*Manaksia, Ltd.		147,412		278,249
Maruti Suzuki India, Ltd.		262,121		9,169,674
Mastek, Ltd.		83,250		384,660
McLeod Russel India, Ltd.		637,181		3,307,515
Mercator Lines, Ltd.		2,078,028		3,017,778
Merck, Ltd.		29,241		503,088
*Monnet Ispat, Ltd.		132,630		1,786,591
Moser Baer (India), Ltd.		1,516,872		2,215,435
MRF, Ltd.		17,453		3,658,677
Mukand, Ltd.		324,653		498,828
Nagarjuna Construction Co., Ltd.		1,407,751		4,688,174

10

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
INDIA — (Continued)
Nagarjuna Fertilizers & Chemicals, Ltd.		1,893,177	$	1,442,163
Nahar Capital & Financial Services, Ltd.		37,492		92,004
Nahar Spinning Mills, Ltd.		33,942		104,304
National Aluminium Co., Ltd.		133,467		1,208,900
Nava Bharat Ventures, Ltd.		5,395		46,315
Navneet Publications (India), Ltd.		25,344		34,883
NIIT Technologies, Ltd.		342,060		1,684,022
NIIT, Ltd.		1,020,094		1,508,980
Nirma, Ltd.		374,728		1,956,115
NOCIL, Ltd.		981,740		496,570
*Noida Toll Bridge Co., Ltd.		557,474		398,840
OCL India, Ltd.		84,049		249,729
*OMAXE, Ltd.		316,351		1,067,234
*Orbit Corp., Ltd.		366,251		958,459
Orchid Chemicals & Pharmaceuticals, Ltd.		445,419		2,877,261
Orient Paper & Industries, Ltd.		323,741		429,290
Oriental Bank of Commerce		466,459		5,246,609
Panacea Biotec, Ltd.		72,446		326,631
*Parsvnath Developers, Ltd.		766,592		1,152,000
Patel Engineering, Ltd.		85,212		699,427
Patni Computer Systems, Ltd.		690,149		7,172,766
Patni Computer Systems, Ltd. ADR		55,441		1,157,608
Peninsula Land, Ltd.		198,415		274,466
Petronet LNG, Ltd.		2,943,666		7,372,477
Plethico Pharmaceuticals, Ltd.		35,619		315,830
Polaris Software Lab, Ltd.		396,842		1,451,791
Power Finance Corp, Ltd.		129,000		1,045,320
Prism Cement, Ltd.		437,332		581,246
Provogue India, Ltd.		119,777		201,759
PSL, Ltd.		113,833		281,805
PTC India, Ltd.		1,929,101		5,833,626
Punj Lloyd, Ltd.		1,229,016		3,271,578
Rain Commodities, Ltd.		215,083		780,029
Rajesh Exports, Ltd.		489,295		1,303,842
*Ranbaxy Laboratories, Ltd.		719,916		9,416,912
*Raymond, Ltd.		340,181		3,318,082
REI Agro, Ltd.		3,175,410		1,953,702
Rei Six Ten Retail, Ltd.		439,400		733,308
*Reliance Broadcast Network, Ltd.		20,606		45,478
Reliance Capital, Ltd.		923,214		16,973,495
Reliance Communications, Ltd.		5,398,403		21,846,408
Reliance Industries, Ltd.		7,365,013		181,814,091
*Reliance MediaWorks, Ltd.		109,133		603,644
*Reliance Power, Ltd.		4,580,850		16,217,100
*Resurgere Mines & Minerals India, Ltd.		4,231,830		191,107
Rolta India, Ltd.		1,217,326		4,578,596
Ruchi Soya Industries, Ltd.		1,172,211		3,485,569
*S.Kumars Nationwide, Ltd.		1,242,979		2,279,914
Sanghvi Movers, Ltd.		6,290		26,096
SEAMEC, Ltd.		77,043		265,056
Shipping Corp. of India, Ltd.		171,233		667,087
Shiv-Vani Oil & Gas Exploration Services, Ltd.		115,578		1,111,618
Simplex Infrastructures, Ltd.		1,570		17,390
SKF India, Ltd.		15,701		205,542
Sobha Developers, Ltd.		152,727		1,241,402
Sona Koyo Steering Systems, Ltd.		118,568		53,761
South Indian Bank, Ltd.		6,247,570		3,885,992
SPML Infra, Ltd.		372		2,399
SREI Infrastructure Finance, Ltd.		818,844		2,440,321
SRF, Ltd.		266,306		2,417,492
State Bank of India		552,879		39,347,433

11

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
INDIA — (Continued)
Sterling Biotech, Ltd.		449,228	$	1,103,377
#Sterlite Industries (India), Ltd. ADR		1,164,402		18,013,299
Sterlite Industries (India), Ltd. Series A		5,746,256		21,999,759
Sterlite Technologies, Ltd.		447,261		835,426
Strides Arcolab, Ltd.		64,603		609,368
Sundaram Finance, Ltd.		4,276		67,022
Sundram Fastners, Ltd.		55,097		78,379
*Suzlon Energy, Ltd.		3,384,835		4,221,281
Syndicate Bank		1,422,728		4,460,857
Tamilnadu Newsprint & Papers, Ltd.		39,142		134,629
Tanla Solutions, Ltd.		617,458		359,037
Tata Chemicals, Ltd.		763,975		6,721,093
#*Tata Communications, Ltd. ADR		20,500		285,360
Tata Investment Corp., Ltd.		58,932		769,961
Tata Steel, Ltd.		2,571,275		34,201,464
Tata Tea, Ltd.		2,775,743		7,790,606
*TCI Developers		3,427		16,202
*Teledata Marine Solutions, Ltd.		267,258		206,046
Time Technoplast, Ltd.		365,124		499,353
Titagarh Wagons, Ltd.		22,658		252,952
Transport Corp of India, Ltd.		68,548		189,739
Trent, Ltd.		14,497		331,333
*Trent, Ltd. Series A		3,220		67,046
*Trent, Ltd. Series B		3,220		65,342
Triveni Engineering & Industries, Ltd.		240,000		648,414
Tube Investments of India		642,055		2,188,644
TVS Motor Co., Ltd.		152,419		251,203
UCO Bank		1,022,797		2,904,109
Uflex, Ltd.		153,357		1,048,647
Unichem Laboratories, Ltd.		199,000		1,019,155
Union Bank of India		797,003		6,800,960
United Phosphorus, Ltd.		530,310		2,385,079
Unity Infraprojects, Ltd.		180,846		429,421
Usha Martin, Ltd.		1,066,559		2,085,252
*UTV Software Communications, Ltd.		11,056		143,300
Vardhman Textiles, Ltd.		98,045		745,620
Varun Shipping Co., Ltd.		549,032		509,598
Videocon Industries, Ltd.		782,287		4,468,781
*Videsh Sanchar Nigam, Ltd.		727,705		5,040,382
Vijaya Bank		807,166		1,938,562
*Walchandnagar Industries, Ltd.		106,847		494,360
Welspun Corp., Ltd.		206,876		1,163,140
*Wockhardt, Ltd.		174,816		1,163,358
Yes Bank, Ltd.		386,982		3,138,751
Zee Entertainment Enterprises, Ltd.		1,188,271		7,433,046
*Zee Learn, Ltd.		297,068		34,772
Zuari Industries, Ltd.		127,958		2,387,767
Zylog Systems, Ltd.		26,158		337,458
TOTAL INDIA				1,304,039,842
INDONESIA — (3.1%)
*PT Adhi Karya Tbk		492,000		55,158
*PT Agis Tbk		2,012,000		38,389
PT AKR Corporindo Tbk		20,492,400		3,466,640
PT Aneka Tambang Tbk		52,723,000		15,103,603
PT Asahimas Flat Glass Tbk		5,333,500		3,769,075
PT Astra International Tbk		901,696		5,773,212
*PT Bakrie & Brothers Tbk		910,038,250		5,516,739
PT Bakrie Sumatera Plantations Tbk		82,736,500		3,590,224
*PT Bakrie Telecom Tbk		279,478,500		7,537,567
PT Bakrieland Development Tbk		352,127,520		6,256,244

12

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
INDONESIA — (Continued)
PT Bank Bukopin Tbk		24,796,000	$	1,940,866
PT Bank Danamon Indonesia Tbk		7,856,303		5,908,584
PT Bank Negara Indonesia Persero Tbk		44,927,000		19,643,577
*PT Bank Pan Indonesia Tbk		122,909,826		15,416,892
*PT Barito Pacific Tbk		10,265,500		1,462,392
*PT Berlian Laju Tanker Tbk		139,931,466		6,044,272
*PT Bhakti Investama Tbk		242,272,700		3,489,591
PT Budi Acid Jaya Tbk		14,289,000		342,568
PT Bumi Resources Tbk		280,320,500		70,190,067
*PT Central Proteinaprima Tbk		178,071,500		1,055,976
PT Charoen Pokphand Indonesia Tbk		19,902,666		19,098,095
*PT Ciputra Development Tbk		83,344,500		3,938,533
*PT Ciputra Surya Tbk		17,718,000		1,394,524
PT Clipan Finance Indonesia Tbk		3,636,000		167,474
*PT Darma Henwa Tbk		137,802,300		1,194,301
*PT Davomas Adabi Tbk		139,739,500		1,236,313
PT Dynaplast Tbk		3,040,000		955,134
PT Elnusa Tbk		32,023,000		1,204,765
*PT Energi Mega Persada Tbk		331,341,282		4,399,362
PT Ever Shine Textile Tbk		19,347,215		195,907
PT Gajah Tunggal Tbk		9,707,500		2,533,449
PT Global Mediacom Tbk		96,453,500		5,362,733
PT Gozco Plantations Tbk		13,388,500		645,828
*PT Great River International Tbk		1,788,000		—
PT Gudang Garam Tbk		6,628,500		35,463,235
*PT Hero Supermarket Tbk		220,000		103,385
*PT Indah Kiat Pulp & Paper Corp. Tbk		28,149,500		6,551,039
PT Indika Energy Tbk		19,721,000		8,081,291
PT Indofood Sukses Makmur Tbk		23,893,000		13,934,943
PT International Nickel Indonesia Tbk		39,701,500		21,209,280
PT Japfa Comfeed Indonesia Tbk		2,455,500		867,655
PT Jaya Real Property Tbk		25,528,000		4,295,278
*PT Kawasan Industri Jababeka Tbk		187,435,000		2,819,481
PT Lautan Luas Tbk		2,102,000		192,960
*PT Lippo Karawaci Tbk		190,150,750		13,197,607
PT Matahari Putra Prima Tbk		35,314,400		5,563,885
PT Mayorah Indah Tbk		8,807,572		11,908,609
PT Medco Energi Internasional Tbk		28,604,500		13,102,605
*PT Media Nusantara Citra Tbk		4,646,000		318,452
*PT Mitra Adiperkasa Tbk		230,000		65,640
*PT Mitra International Resources Tbk		40,757,660		1,098,090
*PT Panasia Indosyntec Tbk		403,200		10,602
*PT Panin Financial Tbk		183,439,000		4,010,538
*PT Panin Insurance Tbk		30,688,500		1,893,246
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk		4,726,500		6,212,079
PT Ramayana Lestari Sentosa Tbk		12,324,000		1,257,168
PT Sampoerna Agro Tbk		3,412,000		1,148,740
*PT Samudera Indonesia Tbk		415,500		194,733
PT Selamat Sempurna Tbk		15,274,000		1,779,273
*PT Sentul City Tbk		123,241,000		1,616,866
PT Sinar Mas Agro Resources & Technology Tbk		8,067,900		4,710,170
PT Sorini Agro Asia Corporindo Tbk		7,941,000		2,735,442
PT Summarecon Agung Tbk		43,122,357		5,472,776
*PT Sunson Textile Manufacturer Tbk		6,012,000		141,261
*PT Surya Dumai Industri Tbk		5,145,000		—
PT Surya Toto Indonesia Tbk		46,400		186,119
*PT Suryainti Permata Tbk		17,378,000		173,051
PT Tigaraksa Satria Tbk		165,200		11,460
PT Timah Tbk		10,142,000		3,246,907
PT Trimegah Sec Tbk		34,298,000		452,693
*PT Truba Alam Manunggal Engineering Tbk		129,244,500		1,207,808

13

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
INDONESIA — (Continued)
*PT Tunas Baru Lampung Tbk		291,000	$	13,718
PT Tunas Ridean Tbk		42,862,000		3,749,387
*PT Ultrajaya Milk Industry & Trading Co. Tbk		13,717,500		2,609,156
PT Unggul Indah Cahaya Tbk		371,435		85,196
PT Wijaya Karya Tbk		15,842,000		1,281,724
TOTAL INDONESIA				401,901,602
ISRAEL — (0.0%)
*Bank of Jerusalem, Ltd.		23,972		45,717
Delta-Galil Industries, Ltd.		—		4
*Electra Real Estate, Ltd.		—		1
*Elron Electronic Industries, Ltd.		1		4
*Feuchtwanger Investments, Ltd.		10,500		35
Formula Systems, Ltd.		—		—
*Formula Vision Technologies, Ltd.		—		—
*Israel Steel Mills, Ltd.		97,000		1,041
*Kardan Israel, Ltd.		—		1
*Knafaim Arkia Holdings, Ltd.		92,777		512,144
Koor Industries, Ltd.		1		22
*Liberty Properties, Ltd.		2,533		31,353
*Makhteshim-Agan Industries, Ltd.		1		3
*Mivtach Shamir Holdings, Ltd.		41,934		1,302,255
*Naphtha Israel Petroleum Corp., Ltd.		—		1
Scailex Corp, Ltd.		90,240		1,747,194
TOTAL ISRAEL				3,639,775
MALAYSIA — (3.4%)
*A&M Realty Berhad		720,700		131,381
*Adventa Berhad		3,200		2,479
Affin Holdings Berhad		9,611,900		9,957,347
*Airasia Berhad		11,014,200		8,764,497
Alliance Financial Group Berhad		11,988,000		12,656,836
*Amcorp Properties Berhad		927,567		126,908
AMMB Holdings Berhad		21,831,262		44,387,897
Ann Joo Resources Berhad		2,857,200		2,748,608
APM Automotive Holdings Berhad		1,178,000		1,978,941
Apollo Food Holdings Berhad		109,000		119,098
*Asas Dunia Berhad		350,000		104,129
*Asia Pacific Land Berhad		5,644,300		682,353
*Axiata Group Berhad		1,074,850		1,554,465
Bandar Raya Developments Berhad		4,087,800		3,158,245
Batu Kawan Berhad		2,242,250		10,896,535
*Berjaya Assets Berhad		37,100		8,369
Berjaya Corp. Berhad		23,239,780		8,088,904
Berjaya Land Berhad		13,220,000		4,981,736
*Berjaya Media Berhad		425,300		70,172
*Berjaya Retail Berhad		1,775,788		242,555
Bimb Holdings Berhad		2,170,800		844,655
Bina Darulaman Berhad		60,800		21,779
Bolton Berhad		1,277,400		464,214
Boustead Holdings Berhad		4,738,580		8,568,860
Cahya Mata Sarawak Berhad		1,786,600		1,553,473
Chemical Co. of Malaysia Berhad		311,000		201,550
Chin Teck Plantations Berhad		304,700		847,870
*Coastal Contracts Berhad		84,900		62,085
*Country Heights Holdings Berhad		37,300		7,333
CSC Steel Holdings Berhad		1,685,200		1,018,542
Cycle & Carriage Bintang Berhad		241,300		378,426
*Datuk Keramik Holdings Berhad		127,000		—
Dijaya Corp. Berhad		714,500		245,931
DNP Holdings Berhad		1,861,100		1,089,309

14

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
MALAYSIA — (Continued)
DRB-Hicom Berhad		9,932,000	$	3,833,990
*Eastern & Oriental Berhad		8,512,115		3,128,374
Eastern Pacific Industrial Corp. Berhad		497,700		321,945
ECM Libra Avenue Berhad		7,178,982		1,670,290
*EON Capital Berhad		3,626,007		8,141,678
Esso Malaysia Berhad		954,100		887,341
Evergreen Fibreboard Berhad		1,092,900		524,305
Far East Holdings Berhad		388,800		862,899
*Fountain View Development Berhad		2,573,200		—
General Corp. Berhad		1,681,400		869,549
Genting Malaysia Berhad		842,600		950,024
Genting Plantations Berhad		356,800		985,668
Glomac Berhad		1,706,800		879,389
*Gold Is Berhad		3,016,125		1,191,979
*GuocoLand (Malaysia) Berhad		522,800		213,683
Hap Seng Consolidated Berhad		2,582,300		3,321,682
Hap Seng Plantations Holdings Berhad		1,701,400		1,497,268
Hong Leong Financial Group Berhad		1,796,551		5,271,281
Hong Leong Industries Berhad		1,225,800		2,007,972
Hubline Berhad		1,629,600		86,436
Hunza Properties Berhad		1,033,300		541,918
Hwang-DBS (Malaysia) Berhad		908,700		586,684
IGB Corp. Berhad		11,559,000		7,443,679
IJM Corp. Berhad		15,038,680		27,243,541
IJM Land Berhad		3,923,300		3,497,012
*Insas Berhad		4,347,408		755,948
*Jaks Resources Berhad		3,438,000		826,141
*Jaya Tiasa Holdings Berhad		1,192,135		1,496,129
Jerneh Asia Berhad		633,720		632,650
K & N Kenanga Holdings Berhad		2,220,800		532,863
*Karambunai Corp. Berhad		6,839,800		494,181
Keck Seng (Malaysia) Berhad		1,671,800		3,189,859
Kian Joo Can Factory Berhad		3,566,680		1,844,495
*KIG Glass Industrial Berhad		260,000		2,507
Kim Loong Resources Berhad		324,800		256,412
Kinsteel Berhad		7,509,500		2,442,966
KLCC Property Holdings Berhad		6,581,100		6,976,757
*KNM Group Berhad		16,388,600		2,527,460
*Knusford Berhad		139,300		72,079
KPJ Healthcare Berhad		375,650		448,532
KrisAssets Holdings Berhad		250,377		282,141
KSL Holdings Berhad		256,566		134,769
Kub Malaysia Berhad		5,214,000		874,828
Kulim Malaysia Berhad		2,761,625		8,603,793
*Kumpulan Hartanah Selangor Berhad		520,000		75,238
Kumpulan Perangsang Selangor Berhad		1,128,400		529,783
Kwantas Corp. Berhad		246,000		142,831
Landmarks Berhad		4,118,808		1,751,515
Leader Universal Holdings Berhad		5,383,033		1,561,130
*Lion Corp Berhad		7,984,307		758,674
Lion Diversified Holdings Berhad		5,448,100		930,745
*Lion Forest Industries Berhad		136,800		95,259
Lion Industries Corp. Berhad		7,446,081		4,751,051
*MAA Holdings Berhad		888,700		181,723
*Mah Sing Group Berhad		50,200		30,465
*Malayan United Industries Berhad (6556756)		1,526,067		100,544
*Malayan United Industries Berhad (B4TWFT8)		200,244		10,619
Malaysia Airports Holdings Berhad		161,600		315,457
Malaysia Building Society Berhad		815,000		412,262
Malaysian Bulk Carriers Berhad		1,164,825		1,119,907
Malaysian Mosaics Berhad		293,040		215,912

15

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
MALAYSIA — (Continued)
Malaysian Resources Corp. Berhad		75,000	$	50,247
MBM Resources Berhad		531,533		528,608
Mega First Corp. Berhad		1,101,700		636,237
*Merge Housing Berhad		63,162		10,564
*Metro Kajang Holdings Berhad		562,099		251,027
*Metroplex Berhad		817,000		—
MISC Berhad		373,740		1,055,832
*MK Land Holdings Berhad		10,344,500		1,283,765
MMC Corp. Berhad		10,879,779		10,782,924
*MNRB Holdings Berhad		1,150,800		1,033,545
Muhibbah Engineering Berhad		4,845,400		1,607,865
MUI Properties Berhad		557,000		29,763
*Mulpha International Berhad		33,546,200		5,070,287
MWE Holdings Berhad		270,000		89,402
Naim Holdings Berhad		1,130,000		1,317,441
NCB Holdings Berhad		2,447,800		2,869,615
Negri Sembilan Oil Palms Berhad		167,600		282,012
NV Multi Corp. Berhad		165,700		39,356
Oriental Holdings Berhad		3,653,779		6,165,625
Oriental Interest Berhad		164,800		72,095
OSK Holdings Berhad		6,549,647		3,208,537
*OSK Ventures International Berhad		727,597		91,898
P.I.E. Industrial Berhad		323,600		424,551
*Pacific & Orient Berhad		566,730		193,921
Panasonic Manufacturing Malaysia Berhad		383,380		2,253,721
*Paracorp Berhad		252,000		810
Paramount Corp. Berhad		211,700		331,634
PBA Holdings Berhad		1,502,500		480,788
Pelikan International Corp. Berhad		4,130,320		1,661,914
*Permaju Industries Berhad		1,703,300		210,479
Petronas Dagangan Berhad		310,700		1,091,426
PJ Development Holdings Berhad		2,768,800		752,859
POS Malaysia Berhad		2,274,517		2,370,133
PPB Group Berhad		6,909,766		42,656,648
*Press Metal Berhad		11,300		6,358
*Prime Utilities Berhad		39,000		1,128
Protasco Berhad		282,200		94,351
Proton Holdings Berhad		3,786,000		5,998,579
*Pulai Springs Berhad		132,500		20,014
QSR Brands Berhad		56,800		96,335
*Ramunia Holdings Berhad		2,434,736		313,881
Ranhill Berhad		3,162,200		802,462
RCE Capital Berhad		2,613,100		518,334
RHB Capital Berhad		5,561,200		14,366,619
Salcon Berhad		574,000		132,204
Sarawak Oil Palms Berhad		391,820		439,401
Scientex, Inc. Berhad		645,048		381,414
*Scomi Group Berhad		13,422,000		1,796,578
Selangor Dredging Berhad		1,312,700		354,333
Shangri-La Hotels (Malaysia) Berhad		738,000		674,382
Shell Refining Co. Federation of Malaysia Berhad		217,100		742,703
SHL Consolidated Berhad		1,008,700		422,720
*Sino Hua-An International Berhad		2,515,000		303,844
Subur Tiasa Holdings Berhad		460,530		325,287
Sunrise Berhad		4,480,534		3,287,830
Sunway City Berhad		3,565,000		4,614,686
Sunway Holdings Berhad		4,319,400		2,767,435
Suria Capital Holdings Berhad		590,800		351,846
Ta Ann Holdings Berhad		231,960		342,969
TA Enterprise Berhad		14,799,300		3,505,944
TA Global Berhad (B3X17H6)		8,465,880		1,265,245

16

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
MALAYSIA — (Continued)
*TA Global Berhad (B4LM6X7)		8,465,880	$	1,034,732
Tahp Group Berhad		27,000		40,546
*Talam Corp. Berhad		17,833,050		544,359
*Tamco Corp. Holdings Berhad		71		1
Tan Chong Motor Holdings Berhad		4,857,500		8,847,378
*Tanjung Offshore Berhad		206,000		108,875
TDM Berhad		1,178,500		923,197
*Tebrau Teguh Berhad		5,320,066		1,320,665
*Time Dotcom Berhad		16,781,400		3,867,398
Tiong Nam Transport Holdings Berhad		133,500		40,781
Titan Chemicals Corp. Berhad		5,325,500		3,954,403
Tradewinds (Malaysia) Berhad		926,300		1,200,308
*Tradewinds Corp. Berhad		5,413,100		1,564,265
UAC Berhad		77,398		90,902
UMW Holdings Berhad		2,059,686		4,487,354
Unico-Desa Plantations Berhad		4,194,428		1,457,992
Unisem (Malaysia) Berhad		3,100,600		1,861,794
United Malacca Rubber Estates Berhad		870,600		2,016,278
United Plantations Berhad		617,400		3,390,530
VS Industry Berhad		1,337,193		688,908
Wah Seong Corp. Berhad		386,300		271,118
WCT Berhad		1,235,300		1,226,657
WTK Holdings Berhad		4,386,550		1,696,275
Yeo Hiap Seng (Malaysia) Berhad		355,320		170,544
YTL Cement Berhad		11,100		16,700
YTL Corp. Berhad		6,494,072		16,508,181
Yu Neh Huat Berhad		5,024,459		2,911,158
*Zelan Berhad		6,765,900		1,515,611
TOTAL MALAYSIA				441,891,015
MEXICO — (5.5%)
#Alfa S.A.B. de C.V. Series A		4,088,867		34,113,628
#Alsea de Mexico S.A.B. de C.V.		2,618,100		2,660,929
#*Axtel S.A.B. de C.V.		5,663,540		3,366,568
#Bolsa Mexicana de Valores S.A. de C.V.		2,597,088		4,717,580
#*Carso Infraestructura y Construccion S.A.B. de C.V.		112,800		75,638
#*Cemex S.A.B. de C.V. Sponsored ADR		11,578,134		101,540,235
#Coca-Cola Femsa S.A.B. de C.V. Sponsored ADR		266,807		21,203,152
#Consorcio ARA S.A.B. de C.V.		10,672,300		6,784,706
#*Corporacion GEO S.A.B. de C.V. Series B		5,771,482		18,322,165
*Corporacion Interamericana de Entramiento S.A.B. de C.V. Series B		1,561,686		796,779
#*Desarrolladora Homex S.A.B. de C.V.		1,653,700		9,254,184
#*Desarrolladora Homex S.A.B. de C.V. ADR		115,455		3,876,979
*Dine S.A.B. de C.V.		1,028,367		499,692
El Puerto de Liverpool S.A.B. de C.V.		328,600		1,889,157
El Puerto de Liverpool S.A.B. de C.V. Series 1		20,000		115,808
Embotelladora Arca S.A.B. de C.V.		3,256,100		13,448,421
*Empaques Ponderosa S.A. de C.V. Series B		90,000		6,560
#*Empresas ICA S.A.B. de C.V.		2,999,272		7,908,673
#*Empresas ICA S.A.B. de C.V. Sponsored ADR		1,118,155		11,785,354
#Fomento Economico Mexicano S.A.B. de C.V. Series B & D		1,465,100		8,056,389
Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR		1,617,816		88,834,277
*Gruma S.A.B. de C.V. ADR		15,222		119,493
#*Gruma S.A.B. de C.V. Series B		931,300		1,846,309
#Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.		696,600		1,312,754
#Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. ADR		41,146		621,305
#Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR		616,489		22,859,412
#Grupo Aeroportuario del Sureste S.A.B. de C.V.		727,300		3,657,704
#Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR		220,143		11,095,207
#Grupo Carso S.A.B. de C.V. Series A-1		10,578,093		60,960,244
*Grupo Cementos de Chihuahua S.A.B. de C.V.		2,799,892		8,888,546

17

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
MEXICO — (Continued)
#*Grupo Famsa S.A.B. de C.V.		1,918,478	$	2,765,542
#Grupo Financiero Banorte S.A.B. de C.V.		10,027,360		42,901,314
Grupo Financiero Inbursa S.A.B. de C.V. Series O		8,260,033		35,721,231
#Grupo Gigante S.A.B. de C.V. Series B		471,076		774,445
Grupo Herdez S.A.B. de C.V.		319,000		493,432
Grupo Industrial Maseca S.A.B. de C.V. Series B		2,726,900		2,855,427
*Grupo Industrial Saltillo S.A.B. de C.V.		1,332,569		1,266,955
Grupo Kuo S.A.B. de C.V. Series B		2,038,967		2,922,718
#Grupo Mexico S.A.B. de C.V. Series B		24,866,224		81,920,796
Grupo Posadas S.A. de C.V. Series L		356,000		469,938
*Grupo Qumma S.A. de C.V. Series B		5,301		77
#*Grupo Simec S.A. de C.V.		1,380,200		3,328,665
#*Grupo Simec S.A. de C.V. Sponsored ADR		19,072		138,463
#Industrias Bachoco S.A.B. de C.V. Series B		810,300		1,453,526
#*Industrias CH S.A.B. de C.V. Series B		2,810,192		10,127,433
Industrias Penoles S.A.B. de C.V.		428,720		12,150,539
*Maxcom Telecomunicaciones S.A.B. de C.V.		400,181		205,470
*Megacable Holdings S.A.B. de C.V.		12,600		32,143
#Organizacion Soriana S.A.B. de C.V. Series B		14,451,500		44,016,919
Qualitas Compania de Seguros S.A. de C.V.		2,048,200		1,683,611
#*Sare Holding S.A.B. de C.V.		3,301,100		842,117
*Savia S.A. de C.V.		3,457,285		223,990
#*Urbi Desarrollos Urbanos S.A.B. de C.V.		5,658,750		12,011,325
*Vitro S.A.B. de C.V.		1,558,758		1,580,471
TOTAL MEXICO				710,504,395
PHILIPPINES — (1.0%)
A. Soriano Corp.		20,195,000		1,445,947
Alaska Milk Corp.		7,874,000		2,381,083
Alsons Consolidated Resources, Inc.		16,904,000		555,239
Banco de Oro Unibank, Inc.		7,364,320		10,442,607
Cebu Holdings, Inc.		7,590,250		423,601
China Banking Corp.		9,675		100,582
*Digital Telecommunications Phils., Inc.		53,909,000		1,967,249
DMCI Holdings, Inc.		7,561,260		6,719,241
*Empire East Land Holdings, Inc.		37,000,000		491,647
*Export & Industry Bank, Inc.		14,950		90
Filinvest Land, Inc.		168,982,031		5,425,842
*Filipina Water Bottling Corp.		5,471,786		—
First Philippines Holdings Corp.		3,810,100		5,930,385
*Lopez Holdings Corp.		25,704,000		3,347,407
Macroasia Corp.		1,663,000		127,188
Megaworld Corp.		176,933,600		10,535,019
Metro Bank & Trust Co.		8,451,855		15,368,891
*Mondragon International Philippines, Inc.		2,464,000		7,159
*Philippine National Bank		3,866,918		6,379,490
*Philippine National Construction Corp.		398,900		45,435
*Philippine Realty & Holdings Corp.		5,860,000		103,535
Philippine Savings Bank		1,232,313		1,810,596
*Philippine Townships, Inc.		226,200		24,976
Phinma Corp.		2,550,498		652,040
*Prime Media Holdings, Inc.		330,000		16,443
*Prime Orion Philippines, Inc.		12,310,000		124,349
Rizal Commercial Banking Corp.		4,481,648		2,916,813
Robinson’s Land Corp. Series B		17,781,700		7,015,488
Security Bank Corp.		2,362,810		4,616,734
Shang Properties, Inc.		614,285		25,260
SM Development Corp.		42,477,329		8,768,290
*Solid Group, Inc.		10,454,000		235,502
Union Bank of Philippines		2,567,094		3,633,965
Universal Robina Corp.		16,573,345		16,762,187

18

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
PHILIPPINES — (Continued)
Vista Land & Lifescapes, Inc.		45,259,868	$	3,476,821
TOTAL PHILIPPINES				121,877,101
POLAND — (1.7%)
Agora SA		559,848		5,491,046
*Amica Wronki SA		36,320		651,855
Asseco Poland SA		591,461		10,931,591
Bank Handlowy w Warszawie SA		83,949		2,650,240
*Bank Millennium SA		7,878,968		13,972,989
*Bank Przemyslowo Handlowy BPH SA		1,013		21,533
*Bioton SA		31,475,429		2,102,856
*BOMI SA		121,150		453,847
*Boryszew SA		1,114,644		780,977
*Ciech SA		176,209		1,203,891
*ComArch SA		93		2,610
Debica SA		111,346		2,459,701
Dom Development SA		46,421		764,144
*Dom Maklerski IDM SA		1,704,829		2,115,797
*Echo Investment SA		2,417,470		4,490,181
Emperia Holding SA		19,149		657,368
*Energomontaz Poludnie SA		30,110		40,126
*Farmacol SA		5,526		81,953
*Gant Development SA		40,117		277,091
*Getin Holdings SA		1,681,394		6,303,858
Grupa Kety SA		126,858		5,266,829
*Grupa Lotos SA		970,047		10,303,474
*Impexmetal SA		5,899,609		8,579,921
*ING Bank Slaski SA		4,428		1,348,573
KGHM Polska Miedz SA		671,360		30,150,553
*Koelner SA		133,110		677,207
*Kredyt Bank SA		619,815		3,258,264
*LC Corp. SA		1,811,902		1,047,333
*MCI Management SA		115,308		331,189
*MNI SA		275,976		313,889
*Mostostal Siedlce SA		462,476		673,293
Mostostal Warszawa SA		1,467		34,970
*Netia Holdings SA		3,441,202		6,696,447
*Orbis SA		541,449		7,877,775
*Pfleiderer Grajewo SA		55,572		215,592
*Pol-Aqua SA		12,548		73,473
Polnord SA		129,030		1,678,792
*Polska Grupa Farmaceutyczna SA		1,548		25,862
*Polski Koncern Naftowy Orlen SA		5,310,008		74,871,545
*Przedsiebiorstwo Eksportu Inzyn Importu Kopex SA		349,860		2,207,903
*Stalexport SA		498,734		241,233
*Sygnity SA		158,271		854,910
*Synthos SA		9,098,514		8,194,071
Zaklady Azotowe Pulawy SA		15,544		408,580
*Zaklady Azotowe w Tarnowie-Moscicach SA		18,179		130,731
*Zaklady Chemiczne Police SA		8,000		16,002
TOTAL POLAND				220,932,065
RUSSIA — (4.4%)
Gazprom OAO Sponsored ADR		18,589,632		407,020,812
Lukoil OAO Sponsored ADR		2,257,507		125,889,656
Magnitogorsk Iron & Steel Works Sponsored GDR		51,321		640,388
*RusHydro Sponsored ADR		643,944		3,327,950
Surgutneftegas Sponsonsored ADR		2,583,456		25,297,842
TOTAL RUSSIA				562,176,648

19

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
SOUTH AFRICA — (7.6%)
ABSA Group, Ltd.		3,202,004	$	62,031,775
Adcorp Holdings, Ltd.		448,309		1,855,083
Advtech, Ltd.		32,106		27,909
Aeci, Ltd.		1,635,500		18,145,642
Afgri, Ltd.		4,178,939		3,972,788
African Bank Investments, Ltd.		3,883,766		19,905,781
African Oxygen, Ltd.		483,204		1,439,732
African Rainbow Minerals, Ltd.		994,154		25,158,033
Allied Electronics Corp., Ltd.		542,971		2,211,380
ArcelorMittal South Africa, Ltd.		1,392,395		15,975,665
*Argent Industrial, Ltd.		1,278,773		1,627,323
*Aveng, Ltd.		3,857,895		24,249,175
AVI, Ltd.		3,586,407		14,252,059
Avusa, Ltd.		448,854		1,442,847
Barloworld, Ltd.		2,566,028		19,220,633
Basil Read Holdings, Ltd.		126,175		225,450
*Bell Equipment, Ltd.		411,045		615,628
Bidvest Group, Ltd.		46,870		998,292
Blue Label Telecoms, Ltd.		366,891		377,870
Brait SA		305,789		1,069,215
Business Connexion Group, Ltd.		641,608		578,353
*Cadiz Holdings, Ltd.		6,673		3,188
Capitec Bank Holdings, Ltd.		140,813		2,935,636
Cashbuild, Ltd.		3,398		45,874
Caxton & CTP Publishers & Printers, Ltd.		3,015,054		6,575,619
*Cipla Medpro South Africa, Ltd.		3,379,408		3,374,438
*Corpgro, Ltd.		579,166		—
Data Tec, Ltd.		2,446,932		12,153,814
Datacentrix Holdings, Ltd.		797,381		557,683
Delta EMD, Ltd.		234,340		323,234
Discovery Holdings, Ltd.		66		372
Distell Group, Ltd.		378,471		3,801,354
*Distribution & Warehousing Network, Ltd.		216,722		240,464
*Durban Roodeport Deep, Ltd.		1,657,408		820,819
ElementOne, Ltd.		391,810		657,212
*Eqstra Holdings, Ltd.		1,744,753		1,570,798
*Evraz Highveld Steel & Vanadium, Ltd.		162,634		2,011,495
FirstRand, Ltd.		4,353,231		12,762,620
Freeworld Coatings, Ltd.		2,187,407		3,170,094
Gijima Group, Ltd.		2,011,303		223,920
Gold Fields, Ltd.		507,817		7,932,409
#Gold Fields, Ltd. Sponsored ADR		7,845,589		123,724,939
Gold Reef Resorts, Ltd.		422,178		1,101,035
Grindrod, Ltd.		3,321,966		8,050,566
Group Five, Ltd.		571,837		3,192,740
Harmony Gold Mining Co., Ltd.		2,923,251		33,570,189
#Harmony Gold Mining Co., Ltd. Sponsored ADR		1,575,339		18,179,412
*Health Strategic Investments, Ltd.		1,380,233		2,768,347
Hudaco Industries, Ltd.		162,006		1,955,809
*Hulamin, Ltd.		1,303,406		1,598,437
Iliad Africa, Ltd.		152,511		162,471
Illovo Sugar, Ltd.		1,131,367		4,213,774
Impala Platinum Holdings, Ltd.		68,686		1,939,152
Imperial Holdings, Ltd.		1,354,335		22,131,797
Investec, Ltd.		2,346,934		19,301,807
*JCI, Ltd.		10,677,339		—
JD Group, Ltd.		1,660,436		11,668,367
Lewis Group, Ltd.		1,220,867		12,437,426
Liberty Holdings, Ltd.		1,449,071		15,494,403
M Cubed Holdings, Ltd.		1,850,526		—
Medi-Clinic Corp., Ltd.		2,567,629		9,914,239

20

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
SOUTH AFRICA — (Continued)
Merafe Resources, Ltd.		18,528,486	$	3,646,086
Metair Investments, Ltd.		1,650,332		2,631,114
*Metorex, Ltd.		4,480,253		2,768,592
Metropolitan Holdings, Ltd.		8,819,158		21,284,674
Mondi, Ltd.		1,529,202		12,718,156
Murray & Roberts Holdings, Ltd.		175,083		1,085,105
*Mvelaphanda Group, Ltd.		4,233,693		3,217,450
Nampak, Ltd.		5,874,237		16,483,487
#Nedbank Group, Ltd.		2,742,435		51,214,855
#Northam Platinum, Ltd.		1,101,749		7,618,429
*Omnia Holdings, Ltd.		567,350		5,280,195
Palabora Mining Co., Ltd.		181,577		2,715,944
Peregrine Holdings, Ltd.		1,383,001		2,562,486
Petmin, Ltd.		214,597		94,103
*Pioneer Foods, Ltd.		66,726		466,183
PSG Group, Ltd.		1,194,364		6,079,947
*Randgold & Exploration Co., Ltd.		256,811		239,030
Raubex Group, Ltd.		289,129		1,028,834
Redefine Properties, Ltd.		32,990		38,450
Reunert, Ltd.		300,475		2,746,001
Sanlam, Ltd.		28,700,406		107,458,594
*Sappi, Ltd.		3,911,432		19,363,928
#*Sappi, Ltd. Sponsored ADR		792,283		3,929,724
Sasol, Ltd. Sponsored ADR		704,259		31,867,720
*Sentula Mining, Ltd.		657,544		246,019
*Simmer & Jack Mines, Ltd.		2,619,539		328,728
Spur Corp., Ltd.		369,908		737,337
Standard Bank Group, Ltd.		2,428,660		35,722,314
Stefanutti Stocks Holdings, Ltd.		34,781		55,436
#Steinhoff International Holdings, Ltd.		12,458,365		39,090,753
*Super Group, Ltd.		6,144,790		525,350
Telkom South Africa, Ltd.		2,992,666		15,461,823
Tongaat-Hulett, Ltd.		197,230		2,759,109
*Trans Hex Group, Ltd.		34,840		14,958
Trencor, Ltd.		1,468,675		7,446,942
UCS Group, Ltd.		1,547,424		429,194
Value Group, Ltd.		976,777		516,453
*Wesizwe Platinum, Ltd.		14,355		3,206
Zeder Investments, Ltd.		850,029		291,579
TOTAL SOUTH AFRICA				976,114,874
SOUTH KOREA — (11.7%)
#Aekyung Petrochemical Co., Ltd.		25,450		900,959
#Asia Cement Manufacturing Co., Ltd.		28,888		1,167,175
#Asia Paper Manufacturing Co., Ltd.		34,410		380,313
*Asiana Airlines, Inc.		367,480		2,992,415
*Basic House Co., Ltd. (The)		3,604		72,682
#Bing Grae Co., Ltd.		24,704		1,192,194
#*BNG Steel Co., Ltd.		55,130		564,352
Boo Kook Securities Co., Ltd.		27,705		438,461
#Boryung Pharmaceutical Co., Ltd.		34,556		653,167
Busan Bank		1,097,521		13,674,687
BYC Co., Ltd.		810		114,974
Byuck San Corp.		10,472		169,004
*Byuck San Engineering & Construction Co., Ltd.		45,950		71,423
#*Chin Hung International, Inc.		3,001,643		1,303,634
#Chong Kun Dang Pharmaceutical Corp.		42,960		924,462
#Choongwae Pharma Corp.		53,015		804,344
#Chosun Refractories Co., Ltd.		10,390		545,489
Chungho Comnet Co., Ltd.		23,200		181,109
CJ Cheiljedang Corp.		31,639		6,095,868

21

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
#CJ Corp.		133,605	$	9,417,681
#*Cosmochemical Co., Ltd.		47,640		318,234
Crown Confectionery Co., Ltd.		3,342		397,950
#Dae Dong Industrial Co., Ltd.		98,790		562,645
#Dae Han Flour Mills Co., Ltd.		8,122		1,071,570
#Dae Won Kang Up Co., Ltd.		318,816		1,229,358
#*Daechang Co., Ltd.		378,720		585,013
Daeduck Electronics Co., Ltd.		246,280		1,833,621
#Daeduck Industries Co., Ltd.		128,410		1,022,751
Daegu Bank, Ltd.		953,532		12,511,121
#Daegu Department Store Co., Ltd.		55,901		600,613
#Daehan Steel Co., Ltd.		73,180		605,172
Daehan Synthetic Fiber Co., Ltd.		5,193		581,346
Daekyo Co., Ltd.		346,480		1,813,244
Daelim Industrial Co., Ltd.		218,237		17,818,548
Daelim Trading Co., Ltd.		31,734		121,364
#*Daesang Corp.		158,432		1,165,571
#Daesang Holdings Co., Ltd.		113,486		341,140
#Daesung Group Holdings Co., Ltd.		4,040		410,331
*Daesung Holdings Co., Ltd.		6,310		48,922
#*Daesung Industrial Co., Ltd.		7,075		335,123
#Daewoo Engineering & Construction Co., Ltd.		951,350		8,916,754
*Daewoo Motor Sales Corp.		247,197		664,661
*Daewoo Shipbuilding & Marine Engineering Co., Ltd.		469,292		12,489,918
#Daewoong Co., Ltd.		17,680		294,084
#Dahaam E-Tec Co., Ltd.		9,515		235,525
Daishin Securities Co., Ltd.		306,421		4,202,070
*Daiyang Metal Co., Ltd.		122,645		101,859
#Daou Technology, Inc.		224,410		1,794,977
*DCM Corp.		1,010		8,809
Digital Power Communications Co., Ltd.		62,160		86,863
Dong Ah Tire Industrial Co., Ltd.		69,104		570,390
*Dong IL Rubber Belt Co., Ltd.		86,330		574,450
#Dongbang Agro Co., Ltd.		53,610		305,009
#Dongbu Corp.		73,520		523,026
#*Dongbu HiTek Co., Ltd.		149,604		1,483,965
Dongbu Securities Co., Ltd.		161,166		1,058,454
#Dongbu Steel Co., Ltd.		171,834		1,500,789
#Dong-Il Corp.		7,511		443,491
#Dongil Industries Co., Ltd.		10,368		823,864
#Dongkuk Steel Mill Co., Ltd.		339,302		7,818,401
Dongwha Pharm Co., Ltd.		166,110		778,671
Dongwon F&B Co., Ltd.		13,886		639,598
*Dongwon Industries Co., Ltd.		769		95,749
*Dongwon Systems Corp.		165,560		225,584
Dongyang Engineering & Construction Corp.		5,765		58,920
Dongyang Express Bus Corp.		639		13,251
Dongyang Mechatronics Corp.		79,027		864,961
Doosan Construction & Engineering Co., Ltd.		203,030		1,337,128
#*Eagon Industrial Co., Ltd.		29,120		215,931
*e-Starco Co., Ltd.		17,940		9,709
*Eugene Investment & Securities Co., Ltd.		3,707,969		2,261,495
Fursys, Inc.		33,450		839,961
Gaon Cable Co., Ltd.		14,154		324,854
#Global & Yuasa Battery Co., Ltd.		50,280		1,429,191
Golden Bridge Investment & Securities Co., Ltd.		21,530		45,437
#Green Cross Holdings Corp.		9,276		977,375
GS Engineering & Construction Corp.		146,898		12,483,773
GS Holdings Corp.		400,285		21,014,753
Gwangju Shinsegae Co., Ltd.		3,608		596,897
Halla Climate Control Corp.		51,167		950,964

22

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
#Halla Engineering & Construction Corp.		91,861	$	1,726,980
#Han Kuk Carbon Co., Ltd.		137,700		793,651
Han Yang Securities Co., Ltd.		80,350		683,560
Hana Financial Group, Inc.		1,474,671		41,903,978
Handok Pharmaceuticals Co., Ltd.		18,150		238,887
#Handsome Corp.		124,860		1,813,192
#Hanil Cement Manufacturing Co., Ltd.		32,489		1,756,415
*Hanil Construction Co., Ltd.		24,575		49,241
Hanil E-Wha Co., Ltd.		1,003		6,639
#Hanjin Heavy Industries & Construction Co., Ltd.		279,094		10,639,583
#Hanjin Heavy Industries & Construction Holdings Co., Ltd.		91,460		1,566,130
#*Hanjin Shipping Co., Ltd.		358,384		9,946,157
*Hanjin Shipping Holdings Co., Ltd.		23,121		331,464
#Hanjin Transportation Co., Ltd.		61,370		1,900,076
*Hankook Cosmetics Co., Ltd.		86,470		304,855
#Hankook Cosmetics Manufacturing Co., Ltd.		24,389		187,099
Hankuk Electric Glass Co., Ltd.		4,400		209,379
#Hankuk Glass Industries, Inc.		29,050		810,480
Hankuk Paper Manufacturing Co., Ltd.		23,220		631,080
*Hanmi Holdings Co., Ltd.		1,040		34,412
#*Hanmi Semiconductor Co., Ltd.		2,820		20,135
#Hanshin Construction Co., Ltd.		24,880		243,931
#Hansol Chemical Co., Ltd.		51,607		760,016
#*Hansol CSN Co., Ltd.		162,960		348,828
#Hansol Paper Co., Ltd.		271,724		2,708,619
Hanssem Co., Ltd.		23,330		224,949
#Hanwha Chemical Corp.		713,542		19,432,483
*Hanwha Corp.		50,332		1,900,686
*Hanwha General Insurance Co., Ltd.		19,663		163,196
Hanwha Securities Co., Ltd.		463,260		3,367,218
Hanwha Timeworld Co., Ltd.		9,000		153,397
#Heung-A Shipping Co., Ltd.		106,352		142,204
#Hite Holdings Co., Ltd.		86,500		1,632,813
*HMC Investment Securities Co., Ltd.		118,451		2,069,478
#Honam Petrochemical Corp.		90,706		20,050,289
*HS R&A Co., Ltd.		12,390		340,940
#Husteel Co., Ltd.		31,810		515,920
*Hwa Sung Industrial Co., Ltd.		42,380		168,882
Hwacheon Machine Tool Co., Ltd.		2,050		74,675
#Hyosung T & C Co., Ltd.		158,717		17,641,890
#Hyundai Cement Co., Ltd.		32,875		263,512
*Hyundai Development Co.		437,410		12,301,891
#Hyundai DSF Co., Ltd.		38,700		380,354
#Hyundai Elevator Co., Ltd.		22,090		1,541,900
#Hyundai Greenfood Co., Ltd.		304,440		2,957,790
Hyundai Hysco		270,550		5,495,018
Hyundai Merchant Marine Co., Ltd.		170,511		6,034,669
Hyundai Mipo Dockyard Co., Ltd.		73,953		12,369,248
Hyundai Motor Co., Ltd.		909,723		137,718,248
Hyundai Pharmaceutical Ind. Co., Ltd.		61,370		97,372
Hyundai Securities Co.		959,239		12,573,075
#Hyundai Steel Co.		358,229		34,784,133
#Il Dong Pharmaceutical Co., Ltd.		25,184		823,055
#*Iljin Electric Co., Ltd.		128,110		1,338,474
#Iljin Holdings Co., Ltd.		106,484		391,437
#Ilshin Spinning Co., Ltd.		5,389		450,260
Ilsung Pharmaceutical Co., Ltd.		9,060		601,628
Industrial Bank of Korea, Ltd.		1,266,880		18,203,839
InziControls Co., Ltd.		27,640		149,751
IS Dongseo Co., Ltd.		49,650		679,158
#ISU Chemical Co., Ltd.		56,790		1,187,169

23

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
#IsuPetasys Co., Ltd.		196,240	$	609,828
#Jahwa Electronics Co., Ltd.		79,680		464,732
Jeil Pharmaceutical Co.		39,600		542,794
Jeonbuk Bank, Ltd.		300,136		1,843,539
*Jinheung Savings Bank		144,760		485,652
#K.C. Tech Co., Ltd.		154,554		837,005
#KB Financial Group, Inc. ADR		2,538,946		113,998,675
KCC Corp.		35,626		11,813,891
#*Keangnam Enterprises, Ltd.		66,230		671,757
#Keyang Electric Machinery Co., Ltd.		187,450		575,843
#KG Chemical Corp.		48,893		485,406
#*KIC, Ltd.		69,340		365,779
#KISCO Corp.		29,571		747,527
*Kishin Corp.		21,990		136,035
#KISWIRE, Ltd.		50,083		1,772,926
#Kolon Corp.		23,654		785,074
#Kolon Engineering & Construction Co., Ltd.		124,640		526,301
*Kolon Industries, Inc.		51,054		3,228,538
#Korea Cast Iron Pipe Co., Ltd.		81,218		291,259
*Korea Cottrell Co., Ltd.		45,360		171,164
#*Korea Development Co., Ltd.		99,040		418,977
Korea Development Leasing Corp.		23,598		427,140
#Korea Electric Terminal Co., Ltd.		42,160		772,253
#Korea Exchange Bank		1,982,090		23,627,626
#*Korea Express Co., Ltd.		55,848		3,534,195
*Korea Flange Co., Ltd.		18,630		247,476
Korea Investment Holdings Co., Ltd.		306,256		9,673,738
#Korea Iron & Steel Co., Ltd.		11,043		535,919
*Korea Komho Petrochemical Co., Ltd.		14,436		956,267
#*Korea Line Corp.		62,896		2,273,659
#Korea Petrochemical Industrial Co., Ltd.		11,947		919,764
*Korea Savings Bank		22,973		196,267
*Korean Air Co., Ltd.		124,180		7,910,592
#Korean Air Terminal Service Co., Ltd.		12,340		509,807
#KP Chemical Corp.		304,576		4,542,388
KPX Chemical Co., Ltd.		10,134		486,486
#KPX Holdings Corp.		7,249		349,356
*KTB Securities Co., Ltd.		392,760		1,784,537
#Kukdo Chemical Co., Ltd.		26,200		1,329,199
#*Kumho Electric Co., Ltd.		13,630		503,185
*Kumho Industrial Co., Ltd.		23,955		92,920
Kumho Investment Bank		637,880		460,137
#*Kumho Tire Co., Inc.		111,990		706,624
#Kunsul Chemical Industrial Co., Ltd.		24,240		398,340
#Kwang Dong Pharmaceutical Co., Ltd.		312,960		863,898
#Kyeryong Construction Industrial Co., Ltd.		39,280		662,702
Kyobo Securities Co., Ltd.		131,490		1,077,701
Kyung Dong Navien Co., Ltd.		3,860		112,505
Kyung Nong Corp.		60,670		230,854
*Kyungbang Co., Ltd.		5,174		533,569
Kyung-In Synthetic Corp.		152,760		492,918
LG Display Co., Ltd.		444,000		15,224,967
#LG Display Co., Ltd. ADR		2,809,493		48,351,375
#*LG Electronics, Inc.		747,229		65,798,650
LG Fashion Corp.		30		855
*LG Uplus Corp.		1,209,861		7,850,452
Livart Furniture Co., Ltd.		19,740		142,764
#Lotte Chilsung Beverage Co., Ltd.		5,263		3,606,668
#Lotte Confectionary Co., Ltd.		5,117		5,585,439
#Lotte Midopa Co., Ltd.		124,640		1,601,175
#Lotte Sam Kang Co., Ltd.		6,861		1,605,407

24

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
Lotte Shopping Co., Ltd.		80,336	$	32,911,644
*Meritz Securities Co., Ltd.		1,252,375		1,119,818
Mi Chang Oil Industrial Co., Ltd.		3,650		183,112
*Moorim P&P Co., Ltd.		30,487		304,709
#Moorim Paper Co., Ltd.		61,740		522,199
Motonic Corp.		47,980		414,270
#*Namkwang Engineering & Construction Co., Ltd.		134,576		504,464
Namyang Dairy Products Co., Ltd.		3,311		1,812,369
#Nexen Corp.		9,587		523,156
NH Investment & Securities Co., Ltd.		189,302		1,736,364
#*NK Co., Ltd.		9,670		109,505
Nong Shim Co., Ltd.		25,517		4,687,969
Nong Shim Holdings Co., Ltd.		13,419		733,317
Noroo Holdings Co., Ltd.		22,738		134,265
Noroo Paint Co., Ltd.		37,899		120,371
*ON*Media Corp.		484,150		1,472,985
#Ottogi Corp.		12,003		1,557,066
Pacific Corp.		24,304		3,802,983
Pacific Pharmaceutical Co., Ltd.		3,840		109,800
*Pang Rim Co., Ltd.		13,690		158,719
*PaperCorea, Inc.		19,552		187,801
*Poong Lim Industrial Co., Ltd.		49,480		90,666
#Poongsan Corp.		150,690		5,392,188
Poongsan Holdings Corp.		33,118		1,134,278
POSCO		5,616		2,317,881
#POSCO ADR		1,058,114		109,980,369
#POSCO Coated & Color Steel Co., Ltd.		17,630		511,080
Pulmuone Co., Ltd.		6,125		250,588
Pum Yang Construction Co., Ltd.		31,885		147,148
#Pusan City Gas Co., Ltd.		65,770		1,315,094
#*S&T Daewoo Co., Ltd.		48,220		1,459,473
#S&T Dynamics Co., Ltd.		174,594		3,800,737
#S&T Holdings Co., Ltd.		52,273		760,098
*Saeron Automotive Corp.		6,000		32,876
*Sajo Industries Co., Ltd.		1,310		55,064
Sam Kwang Glass Industrial Co., Ltd.		18,397		1,189,316
Sam Yung Trading Co., Ltd.		14,352		73,999
#Sambu Construction Co., Ltd.		33,665		486,183
*Samho International Co., Ltd.		2,600		7,214
Samhwa Crown & Closure Co., Ltd.		1,749		34,234
#Samhwa Paints Industrial Co., Ltd.		48,610		226,774
#Samick Musical Instruments Co., Ltd.		621,710		717,872
Samsung Corp.		834,818		49,026,745
Samsung Fine Chemicals Co., Ltd.		23		1,366
#Samsung SDI Co., Ltd.		232,542		31,941,566
#Samwhan Corp.		50,250		445,669
Samyang Corp.		43,666		2,485,411
Samyang Genex Co., Ltd.		13,685		789,436
#Samyang Tongsang Co., Ltd.		8,060		169,602
#Samyoung Electronics Co., Ltd.		78,430		957,578
*SAVEZONE I&C Corp.		2,710		6,611
#*SBS Media Holdings Co., Ltd.		164,950		429,171
SC Engineering Co., Ltd.		34,640		120,118
Seah Besteel Corp.		100,300		2,614,869
SeAH Holdings Corp.		12,561		1,237,493
#SeAH Steel Corp.		17,133		766,711
#Sebang Co., Ltd.		80,550		1,422,806
#Sejong Industrial Co., Ltd.		112,200		1,374,133
*Shell-Line Co., Ltd.		17,510		131,848
#Shin Won Corp.		348,090		445,732
Shin Young Securities Co., Ltd.		29,240		943,516

25

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
Shin Young Wacoal, Inc.		273	$	23,385
*Shinhan Engineering & Construction Co., Ltd.		17,130		117,563
Shinhan Financial Group Co., Ltd.		1,534,998		59,466,140
#Shinhan Financial Group Co., Ltd. ADR		802,794		62,433,289
#Shinpoong Pharmaceutical Co., Ltd.		13,450		407,205
Shinsegae Engineering & Construction Co., Ltd.		5,140		62,650
#*Shinsegae Information & Communication Co., Ltd.		3,159		199,248
*Shinsung Tongsang Co., Ltd.		342,500		152,362
#Silla Trading Co., Ltd.		26,403		305,218
#Sindo Ricoh Co., Ltd.		33,293		1,609,645
*SJM Co., Ltd.		29,248		177,570
SJM Holdings Co., Ltd.		31,331		133,658
*SK Chemicals Co., Ltd.		41,114		2,295,604
SK Co., Ltd.		187,280		19,514,129
#SK Energy Co., Ltd.		320,419		43,117,922
SK Gas Co., Ltd.		30,216		1,115,417
SK Networks Co., Ltd.		634,570		6,100,598
#SKC Co., Ltd.		152,050		5,187,847
#SL Corp.		89,640		1,536,474
*Songwon Industrial Co., Ltd.		25,230		268,424
#*Ssangyong Cement Industrial Co., Ltd.		193,556		1,130,146
#*STX Corp.		185,047		5,681,963
#STX Engine Co., Ltd.		140,460		5,087,040
#STX Offshore & Shipbuilding Co., Ltd.		366,540		8,867,649
#STX Pan Ocean Co., Ltd.		804,550		8,568,209
#Suheung Capsule Co., Ltd.		52,170		371,166
Sung Bo Chemicals Co., Ltd.		3,980		93,339
#*Sung Shin Cement Co., Ltd.		85,800		344,330
#*Sunjin Co., Ltd.		7,650		309,461
#Tae Kwang Industrial Co., Ltd.		3,447		3,938,957
#Tae Kyung Industrial Co., Ltd.		98,860		448,735
#Taeyoung Engineering & Construction		310,360		1,869,556
#*Tai Han Electric Wire Co., Ltd.		532,197		3,381,695
Tai Lim Packaging Industries Co., Ltd.		176,930		230,091
*Tec & Co.		427,170		76,276
#Telcoware Co., Ltd.		36,000		229,114
*Tong Kook Corp.		607		843
*Tong Yang Major Corp.		11,110		22,746
Tong Yang Securities, Inc.		300,000		3,036,940
#TS Corp.		15,393		754,974
*Uangel Corp.		7,970		31,189
#Unid Co., Ltd.		32,400		1,607,894
*Union Steel Manufacturing Co., Ltd.		38,857		892,519
Wiscom Co., Ltd.		32,980		137,885
#*Woongjin Holdings Co., Ltd.		254,150		2,595,907
Woori Finance Holdings Co., Ltd.		2,136,852		26,944,392
*Woori Finance Holdings Co., Ltd. ADR		8,505		320,213
Woori Financial Co., Ltd.		65,220		699,552
Woori Investment & Securities Co., Ltd.		693,180		12,258,038
#YESCO Co., Ltd.		18,780		412,950
Yoosung Enterprise Co., Ltd.		109,715		309,376
Youlchon Chemical Co., Ltd.		82,970		691,453
*Young Poong Mining & Construction Corp.		18,030		881
Youngone Holdings Co., Ltd.		48,452		1,400,570
Youngpoong Corp.		4,628		2,692,911
Yuhwa Securities Co., Ltd.		28,680		403,164
*Zinus, Inc.		1,866		6,219
TOTAL SOUTH KOREA				1,507,160,945
TAIWAN — (11.0%)
*A.G.V. Products Corp.		3,642,429		1,626,865

26

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
*Abocom Systems, Inc.		340,752	$	141,871
Acbel Polytech, Inc.		1,453,219		1,309,777
Accton Technology Corp.		5,114,000		3,665,048
*Action Electronics Co., Ltd.		2,129,000		833,786
Advanced Semiconductor Engineering, Inc.		1,045,375		909,678
Advancetek Enterprise Co., Ltd.		2,000		1,444
Allis Electric Co., Ltd.		1,523,000		594,938
Alpha Networks, Inc.		1,162,000		1,033,286
Altek Corp.		463,166		661,895
Ambassador Hotel (The)		274,000		433,216
*Ampoc Far East Co., Ltd.		645,000		415,700
Amtran Technology Co., Ltd.		1,541,727		1,306,782
Apex Science & Engineering Corp.		545,840		231,930
*Arima Communications Corp.		2,587,000		1,010,506
*Arima Optoelectronics Corp.		1,045,000		265,147
Asia Cement Corp.		16,287,725		16,778,524
Asia Chemical Corp.		1,756,000		1,249,507
*Asia Optical Co, Inc.		1,917,000		3,268,855
Asia Polymer Corp.		2,088,586		2,293,944
Asia Vital Components Co., Ltd.		202,307		223,325
Asustek Computer, Inc.		3,107,913		25,220,469
*AU Optronics Corp.		7,613,812		7,596,235
#*AU Optronics Corp. Sponsored ADR		6,421,347		64,406,110
Audix Corp.		1,122,164		1,062,997
Aurora Systems Corp.		572,281		565,018
Avision, Inc.		1,581,555		817,248
*Bank of Kaohsiung		4,018,926		1,681,984
Bes Engineering Corp.		13,303,443		3,452,272
Biostar Microtech International Corp.		514,055		314,746
C Sun Manufacturing, Ltd.		233,837		192,349
Cameo Communications, Inc.		1,809,130		934,165
Capital Securities Corp.		3,026,357		1,379,836
*Carnival Industrial Corp.		2,813,000		1,050,286
Catcher Technology Co., Ltd.		1,676,326		4,464,268
Cathay Chemical Works, Inc.		857,000		368,529
Cathay Real Estate Development Co., Ltd.		8,268,421		4,625,985
Central Reinsurance Co., Ltd.		2,477,781		1,294,281
Chain Qui Development Co., Ltd.		1,077,173		841,616
Champion Building Materials Co., Ltd.		2,594,809		2,072,414
Chang Hwa Commercial Bank		44,281,459		29,259,266
*Chang-Ho Fibre Corp.		192,000		101,723
Charoen Pokphand Enterprises Co., Ltd.		1,690,000		1,046,902
Cheng Loong Corp.		9,094,480		4,099,066
Cheng Uei Precision Industry Co., Ltd.		1,098,496		2,251,950
Chenming Mold Industrial Corp.		593,040		462,472
Chia Hsin Cement Corp.		4,805,825		2,428,587
*Chia Hsin Food & Synthetic Fiber Co., Ltd.		514,966		—
Chien Kuo Construction Co., Ltd.		393,300		208,746
*Chien Shing Stainless Steel Co., Ltd.		2,280,000		447,688
Chilisin Electronics Corp.		289,300		262,958
*Chimei Innolux Corp.		49,903,746		66,965,890
*China Airlines, Ltd.		16,952,252		13,220,238
China Chemical & Pharmaceutical Co.		480,264		469,534
China Development Financial Holding Corp.		84,819,832		25,208,900
China Electric Manufacturing Co., Ltd.		361,200		290,429
China General Plastics Corp.		3,008,000		1,200,628
China Glaze Co., Ltd.		1,062,960		1,022,847
*China Man-Made Fiber Co., Ltd.		10,798,813		5,087,306
China Metal Products Co., Ltd.		1,724,248		1,766,898
China Motor Co., Ltd.		6,039,749		4,904,490
*China Petrochemical Development Corp.		16,397,580		13,865,704

27

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
*China Rebar Co., Ltd.		439,188	$	—
China Steel Structure Co., Ltd.		1,127,219		842,848
China Synthetic Rubber Corp.		3,919,711		3,907,019
*China United Trust & Investment Corp.		493,999		—
*China Wire & Cable Co., Ltd.		2,541,000		947,637
Chinatrust Financial Holdings Co., Ltd.		63,452,646		39,612,756
Chin-Poon Industrial Co., Ltd.		3,823,815		3,121,565
*Chun Yu Works & Co., Ltd.		2,106,000		632,568
Chun Yuan Steel Industrial Co., Ltd.		3,877,191		1,887,929
Chung Hsin Electric & Machinery Co., Ltd.		3,325,000		2,002,154
*Chung Hung Steel Corp.		1,301,000		569,319
*Chung Hwa Pulp Corp.		4,942,419		2,656,206
*Chung Shing Textile Co., Ltd.		600		9
*Chungwa Picture Tubes Co., Ltd.		23,264,692		3,512,350
*CMC Magnetics Corp.		25,520,000		6,699,230
Collins Co., Ltd.		1,894,823		853,405
*Compal Communications, Inc.		38,000		32,201
Compal Electronics, Inc.		3,578,332		4,565,316
*Compeq Manufacturing Co., Ltd.		10,138,000		3,352,546
*Compex International Co., Ltd.		46,400		303
*Continental Holdings Corp.		5,097,848		1,952,969
*Cosmos Bank Taiwan		852,756		188,567
Coxon Precise Industrial Co., Ltd.		180,000		343,508
CSBC Corp. Taiwan		77,256		68,695
DA CIN Construction Co., Ltd.		824,579		463,877
Darfon Electronics Corp.		1,312,950		1,612,579
Delpha Construction Co., Ltd.		2,011,078		908,923
Depo Auto Parts Industrial Co., Ltd.		50,000		136,360
*Der Pao Construction Co., Ltd.		1,139,000		30,501
Diamond Flower Electric Instrument Co., Ltd.		138,280		134,146
D-Link Corp.		4,416,780		4,458,912
Dynamic Electronics Co., Ltd.		1,306,000		878,621
E.Sun Financial Holding Co., Ltd.		24,509,937		12,588,896
*Eastern Media International Corp.		8,183,399		2,148,129
Eclat Textile Co., Ltd.		1,090,980		1,415,885
Edom Technology Co., Ltd.		797,800		440,225
Elite Material Co., Ltd.		36,991		34,558
Elitegroup Computer Systems Co., Ltd.		6,985,066		2,653,871
*EnTie Commercial Bank		802,232		366,787
*Eva Airways Corp.		12,631,944		12,767,001
*Ever Fortune Industrial Co., Ltd.		409,000		4,408
*Everest Textile Co., Ltd.		3,553,002		883,098
Evergreen International Storage & Transport Corp.		3,846,000		3,412,348
*Evergreen Marine Corp., Ltd.		10,611,527		8,843,741
*Everspring Industry Co.		1,510,180		592,499
*Excel Cell Electronics Co., Ltd.		76,000		47,196
Far Eastern Department Stores Co., Ltd.		6,956,740		8,634,255
Far Eastern International Bank		14,639,192		6,479,996
Federal Corp.		3,451,546		2,188,685
First Copper Technology Co., Ltd.		2,596,750		1,188,490
First Financial Holding Co., Ltd.		59,477,019		39,227,040
First Hotel		724,130		705,619
First Insurance Co., Ltd.		2,220,064		1,168,303
*Forhouse Corp.		868,635		854,944
Formosa Chemicals & Fiber Co., Ltd.		3,318,660		9,490,485
*Formosa Oilseed Processing Co., Ltd.		555,070		282,467
Formosa Taffeta Co., Ltd.		7,804,511		7,097,502
Formosan Rubber Group, Inc.		2,838,000		2,237,505
*Formosan Union Chemical Corp.		1,203,176		678,583
*Founding Construction & Development Co., Ltd.		128,000		93,730
*Froch Enterprise Co., Ltd.		78,000		42,221

28

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
*FU I Industrial Co., Ltd.		290,400	$	86,952
Fubon Financial Holding Co., Ltd.		35,221,501		43,089,224
Fullerton Technology Co., Ltd.		576,000		639,263
Fwusow Industry Co., Ltd.		2,034,002		959,377
G Shank Enterprise Co., Ltd.		792,880		638,763
*Gamma Optical Co., Ltd.		737,000		572,873
Getac Technology Corp.		3,167,065		1,867,617
*Giantplus Technology Co., Ltd.		1,869,000		1,254,219
Giga-Byte Technology Co., Ltd.		5,303,287		5,213,116
*Global Brands Manufacture, Ltd.		205,000		124,432
Gold Circuit Electronics, Ltd.		4,396,965		1,585,467
Goldsun Development & Construction Co., Ltd.		12,194,534		6,284,655
Good Will Instrument Co., Ltd.		402,853		301,865
*Gordon Auto Body Parts Co., Ltd.		131,000		44,252
Grand Pacific Petrochemical Corp.		6,971,000		3,850,513
Great China Metal Industry Co., Ltd.		1,577,000		1,512,831
Great Wall Enterprise Co., Ltd.		1,906,162		1,998,968
*Greatek Co., Ltd.		65,000		62,088
*GTM Corp.		1,458,000		1,031,191
Hannstar Board Corp.		2,229,666		1,551,698
*HannStar Display Corp.		44,847,000		8,967,430
*Helix Technology, Inc.		29,585		—
Hey Song Corp.		4,473,000		3,600,626
Hitron Technologies, Inc.		774,525		524,247
*Ho Tung Holding Corp.		4,787,403		2,515,597
*Hocheng Corp.		2,917,300		1,061,431
*Hold-Key Electric Wire & Cable Co., Ltd.		1,689,548		1,191,608
Holystone Enterprise Co., Ltd.		1,446,767		1,758,366
Hong Tai Electric Industrial Co., Ltd.		2,292,000		1,208,275
Hsin Kuang Steel Co., Ltd.		1,584,124		1,473,131
Hsing Ta Cement Co., Ltd.		2,071,980		676,645
Hua Eng Wire & Cable Co., Ltd.		4,854,035		1,762,122
Hua Nan Financial Holding Co., Ltd.		12,973,307		8,552,295
*Hualon Corp.		257,040		9,066
Hung Ching Development & Construction Co., Ltd.		1,838,468		1,030,475
Hung Sheng Construction Co., Ltd.		5,354,800		3,101,040
*Hwa Fong Rubber Co., Ltd.		2,495,960		865,782
Ichia Technologies, Inc.		3,181,260		1,629,240
*Inotera Memories, Inc.		16,795,728		8,230,534
Inventec Appliances Corp.		686,000		532,758
Inventec Corp.		19,221,151		10,108,074
*Jui Li Enterprise Co., Ltd.		693,760		188,736
K Laser Technology, Inc.		843,601		622,229
Kang Na Hsiung Enterprise Co., Ltd.		1,409,078		946,246
*Kao Hsing Chang Iron & Steel Corp.		1,589,000		456,288
Kaulin Manufacturing Co., Ltd.		1,477,656		1,342,144
Kee Tai Properties Co., Ltd.		1,086,750		546,072
*King Yuan Electronics Co., Ltd.		11,179,861		5,070,827
Kingdom Construction Co., Ltd.		907,000		796,530
*King’s Town Bank		8,288,012		3,777,648
*Kinko Optical Co., Ltd.		734,131		764,731
*Kinpo Electronics, Inc.		12,274,375		4,301,393
*Kuoyang Construction Co., Ltd.		641,029		455,196
*Kwong Fong Industries Corp.		3,210,900		1,518,716
L&K Engineering Co., Ltd.		595,000		591,367
*Lan Fa Textile Co., Ltd.		2,481,994		1,271,399
LCY Chemical Corp.		2,306,713		4,661,953
*Lead Data Co., Ltd.		2,542,457		477,967
*Leader Electronics, Inc.		86,000		57,500
Lealea Enterprise Co., Ltd.		6,426,473		3,797,131
Lee Chi Enterprises Co., Ltd.		1,708,900		809,900

29

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
*Lelon Electronics Corp.		732,000	$	541,315
*Leofoo Development Co., Ltd.		1,948,000		1,309,739
*Li Peng Enterprise Co., Ltd.		4,587,712		2,410,501
Lian Hwa Foods Corp.		157,000		119,776
Lien Chang Electronic Enterprise Co., Ltd.		666,610		422,083
Lien Hwa Industrial Corp.		4,770,640		3,511,756
Lingsen Precision Industries, Ltd.		2,810,480		1,895,598
*LITE-ON IT Corp.		673,000		714,665
*Lite-On Semiconductor Corp.		2,041,190		1,167,051
Lite-On Technology Corp.		17,546,965		23,177,602
Long Bon International Co., Ltd.		2,101,301		849,733
Long Chen Paper Co., Ltd.		4,588,369		1,893,934
Lucky Cement Corp.		3,099,000		758,420
Macronix International Co., Ltd.		26,827,028		16,497,329
Marketech International Corp.		909,000		510,136
Masterlink Securities Corp.		11,634,000		4,666,046
Mayer Steel Pipe Corp.		1,087,200		923,975
Maywufa Co., Ltd.		197,070		109,985
Mega Financial Holding Co., Ltd.		73,353,000		50,855,439
*Megamedia Corp.		782		6
Meiloon Co., Ltd.		1,124,352		634,179
Mercuries & Associates, Ltd.		3,710,520		2,588,813
*Mercuries Data Systems, Ltd.		649,800		429,848
Merry Electronics Co., Ltd.		175,000		292,073
*Microelectronics Technology, Inc.		3,297,123		2,066,179
Micro-Star International Co., Ltd.		9,023,985		4,823,983
Mitac International Corp.		10,726,000		4,814,327
Mobiletron Electronics Co., Ltd.		96,000		71,989
*Mosel Vitelic, Inc.		1,456,206		768,975
Nantex Industry Co., Ltd.		1,702,329		1,161,304
*New Asia Construction & Development Co., Ltd.		1,011,542		333,957
Nien Hsing Textile Co., Ltd.		3,664,226		2,788,843
*Ocean Plastics Co., Ltd.		7,776		5,712
*Optimax Technology Corp.		1,702,957		328,806
*Orient Semiconductor Electronics, Ltd.		2,566,276		667,090
Oriental Union Chemical Corp.		3,567,225		3,768,326
*Pacific Construction Co., Ltd.		3,365,256		526,478
*Pan Jit International, Inc.		2,316,837		2,876,421
*Pegatron Corp.		8,364,998		11,323,063
Phihong Technology Co., Ltd.		1,180,320		2,425,947
*Picvue Electronics, Ltd.		241,600		—
Plotech Co., Ltd.		779,000		507,465
Polaris Securities Co., Ltd.		18,333,502		10,182,073
*Potrans Electrical Corp.		1,139,000		162,175
Pou Chen Corp.		17,626,878		16,703,381
President Securities Corp.		5,553,710		3,266,014
Prince Housing & Development Corp.		4,734,846		3,464,155
*Procomp Informatics, Ltd.		391,440		—
*Prodisc Technology, Inc.		6,185,157		78,706
Promate Electronic Co., Ltd.		331,000		262,461
*Qisda Corp.		8,547,952		5,964,715
*Quintain Steel Co., Ltd.		2,637,250		928,481
Radiant Opto-Electronics Corp.		3,536,050		5,308,274
Radium Life Tech Corp.		1,292,510		1,723,970
Ralec Electronic Corp.		403,087		804,330
*Rechi Precision Co., Ltd.		2,962,000		1,591,763
*Rexon Industrial Corp., Ltd.		112,000		36,790
*Ritek Corp.		25,133,622		7,071,730
*Sainfoin Technology Corp.		835,498		—
*Sampo Corp.		5,163,925		1,252,054
*Sanyang Industrial Co., Ltd.		6,639,268		3,587,212

30

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
Sanyo Electric Taiwan Co., Ltd.		368,000	$	380,451
Sheng Yu Steel Co., Ltd.		1,716,000		1,249,501
Shihlin Electric & Engineering Corp.		3,104,000		3,710,233
*Shin Kong Financial Holding Co., Ltd.		32,958,021		12,118,252
Shinkong Insurance Co., Ltd.		1,322,412		1,027,305
Shinkong Synthetic Fibers Co., Ltd.		11,044,342		5,583,340
*Shuttle, Inc.		408,015		314,993
Sigurd Microelectronics Corp.		3,015,608		2,587,101
Silicon Integrated Systems Corp.		6,006,165		3,769,169
Sinbon Electronics Co., Ltd.		1,535,000		1,206,390
Sincere Navigation Corp.		538,692		651,925
Sinkang Industries, Ltd.		806,669		471,728
Sinon Corp.		3,486,877		1,614,225
SinoPac Holdings Co., Ltd.		63,420,809		23,895,874
*Siward Crystal Technology Co., Ltd.		933,875		552,827
*Solomon Technology Corp.		1,364,950		651,632
South East Soda Manufacturing Co., Ltd.		927,500		1,121,440
Southeast Cement Co., Ltd.		3,208,700		1,278,063
SPI Electronic Co., Ltd.		277,938		355,007
Spirox Corp.		938,661		791,506
Springsoft, Inc.		1,577,000		2,102,285
Standard Chemical & Pharmaceutical Co., Ltd.		155,310		181,264
*Star Comgistic Capital Co., Ltd.		275,460		351,730
Stark Technology, Inc.		847,200		841,044
Sunonwealth Electric Machine Industry Co., Ltd.		486,421		424,834
*Sunplus Technology Co., Ltd.		4,538,620		3,369,809
Supreme Electronics Co., Ltd.		1,302,681		885,694
Sweeten Construction Co., Ltd.		656,250		354,393
Sysware Systex Corp.		828,801		1,167,012
T JOIN Transportation Co., Ltd.		2,026,000		1,777,832
Ta Chen Stainless Pipe Co., Ltd.		3,450,550		2,277,137
*Ta Chong Bank, Ltd.		19,694,906		4,666,335
Ta Ya Electric Wire & Cable Co., Ltd.		5,559,732		1,620,344
Tah Hsin Industrial Corp.		1,452,000		1,121,616
TA-I Technology Co., Ltd.		506,583		528,809
*Taichung Commercial Bank		11,814,754		3,919,100
Tainan Enterprises Co., Ltd.		773,850		1,056,574
Tainan Spinning Co., Ltd.		10,408,080		6,852,280
*Taishin Financial Holdings Co., Ltd.		48,846,396		21,364,088
Taisun Enterprise Co., Ltd.		2,465,549		1,448,950
*Taita Chemical Co., Ltd.		2,190,400		911,384
*Taiwan Business Bank		33,106,890		11,023,599
Taiwan Cement Corp.		28,127,741		29,908,268
Taiwan Cogeneration Corp.		3,035,760		1,735,737
Taiwan Cooperative Bank		39,316,092		28,082,293
*Taiwan Flourescent Lamp Co., Ltd.		756,000		73,572
Taiwan Fu Hsing Industrial Co., Ltd.		636,000		415,519
Taiwan Glass Industrial Corp.		8,296,447		10,034,324
*Taiwan Kolin Co., Ltd.		5,797,000		—
*Taiwan Land Development Corp.		83,264		37,744
Taiwan Mask Corp.		2,384,250		1,005,830
Taiwan Paiho Co., Ltd.		1,634,850		1,808,237
*Taiwan Pulp & Paper Corp.		2,594,000		1,619,742
Taiwan Sakura Corp.		890,326		696,123
Taiwan Sogo Shinkong Security Co., Ltd.		1,411,205		1,083,927
Taiwan Styrene Monomer Corp.		4,480,856		2,111,416
Taiwan Tea Corp.		5,604,092		3,680,111
Taiyen Biotech Co., Ltd.		1,858,000		1,470,499
*Tatung Co., Ltd.		39,242,000		9,249,393
*Teapo Electronic Corp.		2,859,670		525,772
Teco Electric & Machinery Co., Ltd.		17,546,834		11,000,324

31

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
*Tecom, Ltd.		805,753	$	255,205
Test-Rite International Co., Ltd.		1,786,331		1,399,202
Ton Yi Industrial Corp.		7,349,810		3,812,464
Tong Yang Industry Co., Ltd.		666,489		1,058,156
Tong-Tai Machine & Tool Co., Ltd.		185,000		192,364
Topco Scientific Co., Ltd.		712,980		913,450
*Topoint Technology Co., Ltd.		91,000		79,835
Tsann Kuen Enterprise Co., Ltd.		479,992		900,600
Tung Ho Steel Enterprise Corp.		3,875,769		3,623,830
TYC Brother Industrial Co., Ltd.		1,755,651		1,100,803
*Tycoons Group Enterprise Co., Ltd.		2,680,938		686,977
Tze Shin International Co., Ltd.		1,011,113		456,719
Unimicron Technology Corp.		8,508,363		14,447,048
*Union Bank of Taiwan		7,284,282		2,137,387
Unitech Electronics Co., Ltd.		1,249,739		701,508
*Unitech Printed Circuit Board Corp.		3,603,265		1,693,589
United Integration Service Co., Ltd.		1,309,000		1,768,632
United Microelectronics Corp.		116,004,069		55,645,336
Universal Cement Corp.		4,607,551		2,887,527
*Universal Microelectronics Co., Ltd.		927,491		552,307
Universal, Inc.		48,059		40,123
UPC Technology Corp.		5,561,415		4,218,066
USI Corp.		5,806,080		5,032,748
*U-Tech Media Corp.		1,760,799		679,809
Ve Wong Corp.		1,457,806		1,146,887
*Waffer Technology Co., Ltd.		1,507,000		338,007
Wah Lee Industrial Corp.		16,000		29,877
*Walsin Lihwa Corp.		25,949,412		15,542,629
*Walsin Technology Corp., Ltd.		4,730,876		2,770,659
Walton Advanced Engineering, Inc.		2,045,853		970,757
*Wan Hai Lines Co., Ltd.		2,462,000		1,806,757
Wan Hwa Enterprise Co., Ltd.		663,515		375,442
Waterland Financial Holding Co., Ltd.		24,413,080		7,886,938
*Wei Chih Steel Industrial Co., Ltd.		1,615,898		457,385
Weikeng Industrial Co., Ltd.		1,428,000		1,250,282
*Well Shin Technology Co., Ltd.		35,000		62,505
Wellypower Optronics Corp.		1,189,000		1,195,206
*Winbond Electronics Corp.		29,524,000		7,693,121
*Wintek Corp.		5,285,000		8,909,622
WT Microelectronics Co., Ltd.		2,215,000		3,526,117
*WUS Printed Circuit Co., Ltd.		3,217,928		1,957,194
*Yageo Corp.		26,995,840		11,507,452
*Yang Ming Marine Transport Corp.		12,943,615		9,849,703
Yeung Cyang Industrial Co., Ltd.		1,153,667		872,957
Yieh Phui Enterprise Co., Ltd.		10,369,986		3,722,128
Yosun Industrial Corp.		2,743,353		4,741,553
Yuanta Financial Holding Co., Ltd.		24,924,422		15,652,289
Yuen Foong Yu Paper Manufacturing Co., Ltd.		10,716,138		5,278,373
Yulon Motor Co., Ltd.		11,058,572		21,659,423
*Yulon Nissan Motor Co., Ltd.		167,000		774,688
Yung Chi Paint & Varnish Manufacturing Co., Ltd.		84,687		121,958
Yung Tay Engineering Co., Ltd.		3,582,000		4,747,075
Zenitron Corp.		1,529,000		944,363
Zig Sheng Industrial Co., Ltd.		4,071,548		2,185,526
Zippy Technology Corp.		343,000		291,141
*Zyxel Communication Corp.		4,187,000		2,786,996
TOTAL TAIWAN				1,411,414,371
THAILAND — (2.4%)
Aapico Hitech PCL (Foreign)		539,800		302,490
Asia Plus Securities PCL (Foreign)		7,008,500		654,563

32

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
THAILAND — (Continued)
Ayudhya Insurance PCL (Foreign)		228,500	$	133,381
Bangchak Petroleum PCL (Foreign)		7,266,900		3,708,591
Bangkok Bank PCL (Foreign)		5,983,200		30,834,036
Bangkok Bank PCL (Foreign) NVDR		4,793,500		23,823,599
Bangkok Expressway PCL (Foreign)		4,439,200		2,754,140
Bangkok First Investment & Trust PCL (Foreign)		426,100		64,242
Bangkok Insurance PCL (Foreign)		135,820		1,159,771
*Bangkokland PCL (Foreign)		89,137,003		2,259,644
Bank of Ayudhya PCL (Foreign)		16,269,800		13,078,792
Cal-Comp Electronics (Thailand) PCL (Foreign)		18,405,400		2,308,349
Capital Nomura Securities PCL (Foreign)		478,400		538,559
Capital Nomura Securities PCL (Foreign) NVDR		45,000		50,659
Central Plaza Hotel PCL (Foreign)		6,525,000		1,099,108
Delta Electronics (Thailand) PCL (Foreign)		4,830,100		5,115,266
Eastern Water Resources Development & Management PCL (Foreign)		9,535,200		2,178,656
*Erawan Group PCL (Foreign)		4,288,950		326,178
*Esso Thailand PCL (Foreign)		8,898,200		1,988,590
*G J Steel PCL (Foreign)		214,856,100		1,791,662
*G Steel PCL (Foreign)		43,035,100		918,695
Hana Microelectronics PCL (Foreign)		1,555,000		1,296,698
Hermraj Land & Development PCL (Foreign)		64,383,100		4,080,317
ICC International PCL (Foreign)		2,710,500		3,571,206
IRPC PCL (Foreign)		99,669,500		14,096,020
*Italian-Thai Development PCL (Foreign) NVDR		27,016,800		4,379,641
Jasmine International PCL (Foreign)		27,831,800		1,429,652
*Kang Yong Electric PCL (Foreign)		1,900		13,626
Kasikornbank PCL (Foreign)		1,193,700		5,016,885
Kasikornbank PCL (Foreign) NVDR		164,500		641,978
*KGI Securities Thailand PLC (Foreign)		11,847,800		1,059,110
Kiatnakin Finance PCL (Foreign)		3,374,300		4,473,930
Krung Thai Bank PCL (Foreign)		54,147,700		30,523,553
Laguna Resorts & Hotels PCL (Foreign)		1,342,400		2,384,350
*Loxley PCL (Foreign)		3,313,700		294,011
MBK PCL (Foreign)		905,500		3,171,364
Padaeng Industry PCL (Foreign) NVDR		1,600,800		1,244,117
Polyplex PCL (Foreign)		1,132,600		1,256,136
Precious Shipping PCL (Foreign)		5,065,000		3,226,868
PTT Aromatics & Refining PCL (Foreign)		14,786,216		14,672,779
PTT Chemical PCL (Foreign)		5,203,910		24,474,693
Quality Houses PCL (Foreign)		4,500,000		348,232
*Regional Container Lines PCL (Foreign)		5,884,700		3,003,199
Rojana Industrial Park PCL (Foreign)		322,500		120,480
Saha Pathana Inter-Holding PCL (Foreign)		3,262,400		2,045,801
Saha Pathanapibul PCL (Foreign)		1,594,833		1,449,606
Saha-Union PCL (Foreign)		2,976,400		3,722,982
*Sahaviriya Steel Industries PCL (Foreign)		68,900,700		3,677,155
*Samart Corporation PCL (Foreign)		800,000		214,810
Sansiri PCL (Foreign)		9,982,900		1,914,666
Serm Suk PCL (Foreign) NVDR		39,000		53,661
*Shinawatra Satellite PCL (Foreign)		5,868,900		1,380,112
Siam Commercial Bank PCL (Foreign)		944,800		3,230,220
Sri Trang Agro Industry PCL (Foreign)		50,000		49,616
Supalai PCL (Foreign)		495,566		198,359
*Tata Steel (Thailand) PCL (Foreign)		35,972,800		2,135,810
*Thai Airways International PCL (Foreign)		5,697,111		8,836,413
*Thai Carbon Black PCL (Foreign)		118,700		139,566
Thai Oil PCL (Foreign)		9,889,800		17,483,636
Thai Plastic & Chemicals PCL (Foreign)		3,787,100		2,374,833
Thai Rayon PCL (Foreign)		165,000		514,593
Thai Stanley Electric (Thailand) PCL (Foreign)		136,700		845,826
Thai Union Frozen Products PCL (Foreign)		216,090		414,449

33

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
THAILAND — (Continued)
Thai Wacoal PCL (Foreign)		93,300	$	132,263
Thanachart Capital PCL (Foreign)		6,758,500		8,904,628
Thoresen Thai Agencies PCL (Foreign)		3,578,400		2,781,078
Ticon Industrial Connection PCL (Foreign)		607,000		279,406
Tisco Financial Group PCL (Foreign)		1,041,700		1,459,353
Total Access Communication PCL (Foreign)		1,264,380		1,719,557
*Total Access Communication PCL (Foreign) NVDR		7,336,800		10,278,372
TPI Polene PCL (Foreign)		10,203,724		4,220,353
*Tycoons Worldwide Group PCL (Foreign)		1,243,300		275,782
Univentures PCL (Foreign)		3,481,400		339,082
Vanachai Group PCL (Foreign)		5,869,000		1,350,771
Vinythai PCL (Foreign)		5,239,317		1,695,176
TOTAL THAILAND				303,985,751
TURKEY — (2.2%)
Adana Cimento Sanayii Ticaret A.S. Class A		549,768		2,068,489
Adana Cimento Sanayii Ticaret A.S. Class C		554,691		334,805
*Advansa Sasa Polyester Sanayi A.S.		1,240,215		685,158
Akcansa Cimento Sanayi ve Ticaret A.S.		317,432		1,679,559
*Akenerji Elektrik Uretim A.S.		13,804		36,610
Aksa Akrilik Kimya Sanayii A.S.		1,424,767		3,165,400
Aksigorta A.S.		1,324,168		2,052,932
Alarko Holding A.S.		1,013,092		2,450,796
*Altinyildiz Mensucat ve Konfeksiyon Fabrikalari A.S.		100,296		558,579
Anadolu Anonim Turk Sigorta Sirketi A.S.		2,955,644		2,606,040
*Anadolu Cam Sanayii A.S.		1,486,817		2,965,009
Arcelik A.S.		1,576,149		8,609,487
Aydiner Enerji A.S.		415,323		950,164
Aygaz A.S.		1,118,602		5,847,057
Bati Anabolu Cimento A.S.		299,730		1,622,415
Bolu Cimento Sanayii A.S.		836,227		995,170
Borusan Mannesmann Boru Sanayi ve Ticaret A.S.		87,735		1,130,028
Cimsa Cimento Sanayi ve Ticaret A.S.		518,069		3,982,621
*Deva Holding A.S.		885,272		2,017,586
*Dogan Gazetecilik A.S.		590,940		1,183,695
*Dogan Sirketler Grubu Holdings A.S.		9,540,148		6,829,331
*Dogan Yayin Holding A.S.		2,881,725		2,961,010
*Dogus Otomotiv Servis ve Ticaret A.S.		390,717		2,893,103
*EGE Seramik Sanayi ve Ticaret A.S.		410,796		461,602
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S.		2,225,408		4,046,238
Enka Insaat ve Sanayi A.S.		—		1
*Eregli Demir ve Celik Fabrikalari Turk A.S.		7,385,547		27,326,077
Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S.		2,246		556,922
Gentas Genel Metal Sanayi A.S.		247,933		273,557
*Global Yatirim Holding A.S.		2,770,251		1,566,616
*Goldas Kuyumculuk Sanayi Ithalat Ve Ihracat A.S.		552,019		396,637
Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S.		24,412		1,077,059
*Goodyear Lastikleri T.A.S.		124,529		1,645,085
*GSD Holding A.S.		2,568,369		1,961,425
*Gunes Sigorta A.S.		439,694		654,027
Haci Omer Sabanci Holding A.S.		948,114		5,136,757
Hurriyet Gazetecilik ve Matbaacilik A.S.		2,245,783		2,582,810
*Ihlas EV Aletleri A.S.		575,000		415,872
*Ihlas Holding A.S.		3,918,431		2,442,387
Is Yatirim Menkul Degerler A.S.		286,457		429,263
*Isiklar Yatirim Holding A.S.		1,053,525		983,949
*Izmir Demir Celik Sanayi A.S.		796,660		1,525,127
*Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S.		2,360,622		1,838,720
Koc Holding A.S. Series B		6,374,972		30,008,184
Konya Cimento Sanayii A.S.		6,740		702,379
*Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret A.S.		1,257,505		2,876,879

34

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TURKEY — (Continued)
Marshall Boya ve Vernik A.S.		4,496	$	96,145
*Marti Otel Isletmeleri A.S.		1,429,951		1,095,128
*Net Turizm Ticaret ve Sanayi A.S.		2,067,073		1,430,848
Nortel Networks Netas Telekomuenikasyon A.S.		67,409		2,476,727
*Park Elektrik Madencilik Sanayi Ve Ticaret A.S.		94,308		184,096
*Petkim Petrokimya Holding A.S.		4,417,470		7,637,792
Pinar Entegre Et ve Un Sanayi A.S.		231,479		1,051,824
Pinar SUT Mamulleri Sanayii A.S.		195,977		1,566,921
*Raks Elektronik Sanayi ve Ticaret A.S.		5,859		3,227
*Sabah Yayincilik A.S.		31,938		84,613
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S.		649,929		1,807,936
Sekerbank T.A.S.		2,811,226		3,524,953
Selcuk Ecza Deposu Ticaret ve Sanayi A.S.		498,657		956,975
*Soda Sanayii A.S.		555,287		802,391
Tekfen Holding A.S.		1,437,073		6,134,645
*Tekstil Bankasi A.S.		1,166,413		890,084
Tofas Turk Otomobil Fabrikasi A.S.		935,573		5,116,776
*Trakya Cam Sanayii A.S.		2,393,774		4,984,132
Turcas Petrol A.S.		473,978		2,226,072
*Turk Ekonomi Bankasi A.S.		2,246,859		3,824,998
*Turk Hava Yollari A.S.		4,113,865		16,886,727
Turkiye Garanti Bankasi A.S.		61,890		373,599
Turkiye Is Bankasi A.S.		4,921,910		21,793,410
Turkiye Sinai Kalkinma Bankasi A.S.		3,448,034		6,278,892
*Turkiye Sise ve Cam Fabrikalari A.S.		4,350,665		7,937,965
Turkiye Vakiflar Bankasi T.A.O.		7,707,611		24,466,483
Ulker Biskuvi Sanayi A.S.		1,289,012		4,151,199
*Uzel Makina Sanayii A.S.		275,043		149,568
Vestel Beyaz Esya Sanayi ve Ticaret A.S.		716,001		1,898,251
*Vestel Elektronik Sanayi ve Ticaret A.S.		1,086,476		1,815,598
*Yapi ve Kredi Bankasi A.S.		1,777,322		6,703,749
TOTAL TURKEY				284,884,341
TOTAL COMMON STOCKS				11,318,625,084
PREFERRED STOCKS — (4.3%)
BRAZIL — (4.3%)
Banco Alfa de Investimento SA		61,726		236,151
#Banco Bradesco SA Sponsored ADR		16,708		347,526
Banco Cruzeiro do Sul SA		5,100		45,862
Banco do Estado do Rio Grande do Sul SA		1,412,133		15,447,670
*Braskem SA Preferred A		1,479,200		15,050,379
#Braskem SA Preferred A Sponsored ADR		346,836		7,231,531
Cia Brasileira de Distribuicao Grupo Pao de Acucar		359,221		14,102,218
#Cia Brasileira de Distribuicao Grupo Pao de Acucar SA Sponsored ADR Series A		284,882		11,284,176
Cia de Tecidos Norte de Minas - Coteminas SA		899,675		2,301,703
Confab Industrial SA		3,394,571		12,417,945
Ferbasa-Ferro Ligas Da Bahia		556,965		4,215,809
Forjas Taurus SA		828,769		2,193,413
Gerdau SA		2,445,084		31,406,596
#Gerdau SA Sponsored ADR		4,348,258		56,701,284
Gol Linhas Aereas Inteligentes SA		63,600		1,100,086
*Inepar SA Industria e Construcoes		225,432		673,525
*Inepar SA Industria e Construcoes Receipt		132,403		397,139
Itausa - Investimentos Itau SA		2,031,145		15,899,865
Klabin SA		5,296,604		14,796,724
Mahle-Metal Leve SA Industria e Comercio		4,000		97,324
Mangels Industrial SA		3,600		23,290
Marcopolo SA		3,772,060		15,085,578
Metalurgica Gerdau SA		4,022,600		61,582,237
Petroleo Brasileiro SA ADR		3,327,243		103,776,709
Randon e Participacoes SA		716,950		6,000,234

35

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
BRAZIL — (Continued)
Sao Paulo Alpargatas SA		864,000	$	5,310,122
Suzano Papel e Celullose SA		2,456,049		23,097,232
*Telemar Norte Leste SA		549,500		15,577,192
Ultrapar Participacoes SA		99,641		6,053,588
Ultrapar Participacoes SA Sponsored ADR		273,378		16,963,105
*Unipar Participacoes SA Class B		7,370,473		2,904,321
Usinas Siderurgicas de Minas Gerais SA Series A		7,092,710		88,935,233
*Vale SA Series B		239,144		—
Whirlpool SA		72,600		145,174
TOTAL BRAZIL				551,400,941
INDIA — (0.0%)
*Ispat Industries, Ltd.		1,463,759		87,486
MALAYSIA — (0.0%)
*Malayan United Industries Berhad Series A2		1,526,067		80,926
TOTAL PREFERRED STOCKS				551,569,353
RIGHTS/WARRANTS — (0.0%)
CHINA — (0.0%)
*HKC Holdings, Ltd. Warrants 06/09/11		1,821,079		13,627
*Hong Kong Energy Holdings, Ltd. Warrants 06/09/11		110,368		1,025
*Kingboard Chemical Holdings, Ltd. Warrants 10/31/12		332,750		190,603
TOTAL CHINA				205,255
INDONESIA — (0.0%)
*PT Intiland Development Tbk Warrants 04/13/12		163,000		1,733
MALAYSIA — (0.0%)
*KPJ Healthcare Berhad Warrants 01/10/15		635,073		398,005
*Media Prima Berhad Warrants 12/31/14		57,521		11,092
*OSK Holdings Berhad Warrants 09/30/12		93,339		2,250
*Sarawak Oil Palms Berhad Warrants 01/19/11		53,568		39,081
TOTAL MALAYSIA				450,428
POLAND — (0.0%)
*Boryszew SA Rights		1,114,644		1,486,062
SOUTH KOREA — (0.0%)
*Kolon Industries, Inc. Rights 12/02/10		12,152		186,825
TAIWAN — (0.0%)
*Shin Kong Financial Holding Co., Ltd. Rights 11/25/10		1,827,131		74,585
THAILAND — (0.0%)
*Bangkok Land PCL (Foreign) NVDR Warrants 05/02/13		15,090,426		65,435
*Bangkok Land PCL (Foreign) Warrants 12/31/10		10,015,389		—
*Sansiri PCL (Foreign) Warrants 01/20/15		4,991,450		239,749
TOTAL THAILAND				305,184
TOTAL RIGHTS/WARRANTS				2,710,072
	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.7%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 11/01/10 (Collateralized by $81,705,000 FHLMC 4.00%, 09/01/24, valued at $71,456,943) to be repurchased at $83,314,319		$83,313		83,313,000

36

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares/ Face Amount		Value†
	(000)
SECURITIES LENDING COLLATERAL — (6.8%)
§@DFA Short Term Investment Fund		877,175,369	$	877,175,369
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 11/01/10 (Collateralizedby $42,295,271 FNMA 7.000%, 08/01/38, valued at $1,439,213)## to be repurchased at $1,411,019		$1,411		1,410,993
TOTAL SECURITIES LENDING COLLATERAL				878,586,362
TOTAL INVESTMENTS — (100.0%) (Cost $9,604,404,435)			$	12,834,803,871

37

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of Dimensional Emerging Markets Value Fund:

We have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the financial statements of Dimensional Emerging Markets Value Fund (hereafter referred to as the “Fund”) as of October 31, 2010, and for the year then ended and have issued our unqualified report thereon dated December 22, 2010 (which report and financial statements are included in Item 1 of this Certified Shareholder Report on Form N-CSR). Our audit included an audit of the Fund’s investment portfolio (the “Portfolio”) as of October 31, 2010 appearing in Item 6 of this Form N-CSR. This Portfolio is the responsibility of the Fund’s management. Our responsibility is to express an opinion on this Portfolio based on our audit. In our opinion, the Portfolio referred to above, when read in conjunction with the financial statements of the Fund referred to above, presents fairly, in all material respects, the information set forth therein.

PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 22, 2010

(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 Report, the Registrant’s Principal Executive Officer 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 Principal Executive Officer 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. EXHIBITS.

(a)(1)	Code of Ethics is filed herewith.
(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 Emerging Markets Value Fund

By:	/S/ DAVID G. BOOTH
	David G. Booth
	Chairman, Trustee, President and
	Co-Chief Executive Officer
Date:	January 5, 2011

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 G. BOOTH
	David G. Booth
	Principal Executive Officer
	Dimensional Emerging Markets Value Fund
Date:	January 5, 2011

By:	/S/ DAVID R. MARTIN
	David R. Martin
	Principal Financial Officer
	Dimensional Emerging Markets Value Fund
Date:	January 4, 2011

EX-99.CODE ETH

Effective Date: January 1, 2006* CONFIDENTIAL AND
PROPRIETARY

CODE OF BUSINESS ETHICS FOR

PRINCIPAL EXECUTIVE AND FINANCIAL OFFICERS

DFA INVESTMENT DIMENSIONS GROUP INC.

DIMENSIONAL EMERGING MARKETS VALUE FUND INC.

DIMENSIONAL INVESTMENT GROUP INC.

THE DFA INVESTMENT TRUST COMPANY

I. Covered Officers and Purposes of the Code

The Boards of Directors/Trustees (together, the “Boards”) of DFA Investment Dimensions Group Inc., Dimensional Emerging Markets Value Fund Inc., Dimensional Investment Group Inc. and The DFA Investment Trust Company (each a “Fund,” and together, the “Funds”) have adopted this Code of Business Ethics for Principal Executive and Financial Officers (the “Code”). The Code applies to the Funds’ principal executive officers and principal financial officers (together, the “Covered Officers”), and is adopted to promote:

• honest and ethical conduct, including the ethical handling of conflicts of interest;

• full, fair, accurate, timely and understandable disclosure in reports and documents that a Fund files with, or submits to, the U.S. Securities and Exchange Commission (the “SEC”), and in other public communications made by the Funds;

• compliance with applicable laws and governmental rules and regulations;

• the prompt internal reporting of violations of the Code to the appropriate person(s) identified in the Code; and

• accountability for adherence to the Code.

II. Covered Officers Should “Adhere to a High Standard of Business Ethics”

Each Covered Officer owes a duty to the Funds to adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual, as well as apparent, conflicts of interests.

Each Covered Officer shall:

• observe all laws and governmental rules and regulations, accounting standards and Fund policies;

• adhere to a high standard of business ethics; and

• place the interests of the Funds before the Covered Officer’s own personal interests.

All activities of Covered Officers should be guided by and adhere to these fiduciary standards.

III. Covered Officers Should Handle Ethically Conflicts of Interest

Guiding Principles. A “conflict of interest” occurs when a Covered Officer’s private interests interfere with the interests of, or his service to, the Funds. A conflict of interest can arise when a Covered Officer takes actions or has interests that may make it difficult to perform his Fund work objectively and effectively. For example, a conflict of interest would arise if a Covered Officer, or a member of his family, receives improper personal benefits as a result of his positions with the Funds. In addition, the Funds must be sensitive to situations that create apparent, if not actual, conflicts of interest. Service to the Funds should not be subordinated to personal gain and advantage.

Certain conflicts of interest covered by this Code arise out of the relationships between Covered Officers and the Funds that already are subject to conflict of interest provisions in the Investment Company Act of 1940, as amended (the “1940 Act”), and the Investment Advisers Act of 1940, as amended (the “Advisers Act”). For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with the Funds because of the Covered Officers’ status as “affiliated persons” of the Funds. The compliance programs and procedures of the Funds and Dimensional Fund Advisors LP, the Funds’ investment advisor and administrator (the “Advisor”), are designed to prevent, or identify and correct, violations of these provisions. This Code does not, and is not intended to, repeat or replace those compliance programs and procedures. Covered Officers must in all cases comply with applicable statutes and regulations.

Although typically not presenting an opportunity for improper personal benefit, conflicts of interest arise from, or as a result of, the contractual relationships between the Funds and the Advisor, of which the Covered Officers are also officers or employees. As a result, it is recognized by the Boards that, subject to the Advisor’s fiduciary duties to the Funds, the Covered Officers will, in the normal course of their duties (whether formally for the Funds or for the Advisor, or for both), be involved in establishing policies and implementing decisions that will have different effects on the Advisor and the Funds. The Boards recognize that the participation of the Covered Officers in such activities is inherent in the contractual relationships between the Funds and the Advisor, and is consistent with the expectation of the Boards of the performance by the Covered Officers of their duties as officers of the Funds. Such participation, if addressed in conformity with the provisions of the 1940 Act and the Advisers Act, will be deemed to have been handled ethically. In addition, it is recognized by the Boards that the Covered Officers may also be officers or employees of one or more other investment companies advised by the Advisor and covered by this or other Codes.

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the 1940 Act and the Advisers Act. In reading the following examples of conflicts of interest under the Code, the Covered Officers should keep in mind that such a list cannot be exhaustive by covering every possible scenario. It follows that the overarching principle—that the personal interest of a Covered Officer should not be placed improperly before the interest of a Fund—should be the guiding principle in all circumstances.

Each Covered Officer must:

• avoid conflicts of interest whenever possible;

• handle any actual or apparent conflict of interest ethically;

• not use his personal influence or personal relationships improperly to influence investment decisions or financial reporting by the Funds whereby the Covered Officer would benefit personally to the detriment of the Funds;

2

• not cause the Funds to take action, or fail to take action, for the individual personal benefit of the Covered Officer rather than for the benefit of the Funds;

• not use material, non-public knowledge of portfolio transactions made or contemplated for the Funds to profit personally, or to cause others to profit, by the market effect of such transactions; and

• as described in more detail below, discuss any material transaction or relationship, which could reasonably be expected to give rise to a conflict of interest, with the Chief Compliance Officer of the Funds (the “Designated Ethics Officer”). In the event the Chief Compliance Officer of the Funds is not available, the Chairman of the Audit Committee may take action required hereunder of the Designated Ethics Officer.

There are some conflict of interest situations that should always be discussed with the Designated Ethics Officer, if material. Examples of these situations include:

• any outside business activity that detracts from an individual’s ability to devote appropriate time and attention to his responsibilities with the Funds;

• service as a director on the board of any public or private company;

• the receipt of any non-nominal gifts;

• the receipt of any entertainment from any company with which the Funds have current or prospective business dealings, unless such entertainment is business-related, reasonable in cost, appropriate as to time and place, and not so frequent as to raise any question of impropriety;

• being in the position of supervising, reviewing or having any influence on the job evaluation, pay or benefit of any immediate family member;

• any ownership interest in, or any consulting or employment relationship with, any of the Funds’ service providers, other than the Advisor and DFA Securities LLC (“DFAS”), or any affiliated person thereof; and

• a direct or indirect financial interest in commissions, transaction charges or spreads paid by a Fund for effecting portfolio transactions or for selling or redeeming shares other than an interest arising from the Covered Officer’s employment, such as compensation or equity ownership.

IV. Disclosure

Each Covered Officer is required to be familiar and comply with the Funds’ disclosure controls and procedures so that the Funds’ subject reports and documents filed with the SEC comply in all material respects with the applicable federal securities laws and SEC rules. In addition, each Covered Officer having direct or supervisory authority regarding these SEC filings or the Funds’ other public communications should, to the extent appropriate within his area of responsibility, consult with other Fund officers and employees and take other appropriate steps regarding these disclosures with the goal of making full, fair, accurate, timely and understandable disclosure.

Each Covered Officer:

3

• must familiarize himself with the disclosure requirements applicable to the Funds as well as the business and financial operations of the Funds; and

• must not knowingly misrepresent, or intentionally cause others to misrepresent, facts about the Funds to others, whether within or outside the Funds, including to the Funds’ directors/trustees and auditors, and to governmental regulators and self-regulatory organizations.

V. Compliance

It is the Funds’ policy to comply with all applicable laws and governmental rules and regulations. It is the responsibility of each Covered Officer to adhere to the standards and restrictions imposed by those laws, rules and regulations, including those relating to affiliated transactions, accounting and auditing matters.

VI. Reporting and Accountability

Each Covered Officer must:

• upon adoption of the Code, affirm in writing to the Designated Ethics Officer that he has received, read, and understands the Code;

• annually thereafter affirm to the Designated Ethics Officer that he has received, read and understands the Code and has complied with the requirements of the Code;

• not retaliate against any employee or Covered Officer for reports of potential violations that are made in good faith; and

• notify the Designated Ethics Officer promptly if the Covered Officer knows of any violation of this Code. Failure to do so is itself a violation of this Code.

The Designated Ethics Officer is responsible for applying the provisions of the Code to specific situations in which questions arise under the Code, and the Designated Ethics Officer has the authority to interpret this Code in any particular situation. The Designated Ethics Officer is authorized (and encouraged) to consult, as appropriate, with the Audit Committee of the Funds, the members of the Boards who are not “interested persons” (together, the “Independent Directors”), and counsel to the Funds and the Independent Directors.

The Funds will comply with the following procedures in investigating and enforcing this Code:

• the Designated Ethics Officer will take all appropriate action to investigate any violations and potential violations reported to him;

• violations and potential violations will be reported to the Audit Committee after such investigation;

• if the Audit Committee determines that a violation of this Code has occurred, the Audit Committee will consider appropriate action, which may include the review of, and necessary modifications to, applicable policies and procedures; notification to appropriate personnel of the Advisor or the Advisor’s board of directors; or recommending the dismissal of the Covered Officer;

4

• appropriate disciplinary or preventive action may include a letter of censure, suspension, dismissal or, in the event of criminal or other serious violations of law, notification of the SEC or other appropriate law enforcement authorities;

• the Audit Committee will report to the Boards any action (whether disciplinary, preventive or otherwise) taken to address violations of this Code;

• the Audit Committee will be responsible for granting waivers and determining sanctions, as appropriate; and

• any changes to or waivers of this Code will, to the extent required, be disclosed on Form N-CSR as provided by SEC rules.

VII. Other Policies and Procedures

The code of ethics under Rule 17j-1 under the 1940 Act, adopted by the Funds, the Advisor and the affiliated companies of the Advisor, and the Advisor’s policies and procedures set forth in the Statement of Policy of Employee Trading are separate requirements applying to the Covered Officers and others, and are not part of this Code.

VIII. Amendments

This Code may not be amended except in written form, which is specifically approved or ratified by a majority vote of the Boards, including a majority of the Independent Directors.

IX. Confidentiality

All reports and records prepared or maintained pursuant to this Code shall be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the members of the Boards and their counsel, the Funds, and the Advisor.

X. Internal Use

The Code is intended solely for the internal use by the Funds and does not constitute an admission, by or on behalf of any Fund, as to any fact, circumstance, or legal conclusion.

Date: January 1, 2006

5

Exhibit A

Persons Covered by this Code of Business Ethics

David G. Booth (Principal Executive Officer of the Funds)

David R. Martin (Principal Financial Officer of the Funds)

A-1

EX-99.CERT

CERTIFICATION PURSUANT TO SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

I, David G. Booth, certify that:

1. I have reviewed this report on Form N-CSR of Dimensional Emerging Markets Value Fund (formerly, Dimensional Emerging Markets Value Fund Inc.)(the “Registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this report;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940, as amended) for the Registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals;

c) evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d) disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: January 5, 2011

By:	/s/ David G. Booth
	David G. Booth
	Principal Executive Officer
	Dimensional Emerging Markets Value Fund

CERTIFICATION PURSUANT TO SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

I, David R. Martin, certify that:

1. I have reviewed this report on Form N-CSR of Dimensional Emerging Markets Value Fund (formerly, Dimensional Emerging Markets Value Fund Inc.) (the “Registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this report;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940, as amended) for the Registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals;

c) evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d) disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: January 4, 2011

By:	/s/ David R. Martin
	David R. Martin
	Principal Financial Officer
	Dimensional Emerging Markets Value Fund

EX-99.906CERT

CERTIFICATIONS PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

David G. Booth, Principal Executive Officer, and David R. Martin, Principal Financial Officer, of Dimensional Emerging Markets Value Fund, a Delaware statutory trust (formerly, Dimensional Emerging Markets Value Fund Inc.) (the “Registrant”), each certify that:

1. The Registrant’s periodic report on Form N-CSR for the period ended October 31, 2010 (the “Report”) fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended, as applicable; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

By:	/s/ David G. Booth
	David G. Booth
	Principal Executive Officer
	Dimensional Emerging Markets Value Fund

Date: January 5, 2011

By:	/s/ David R. Martin
	David R. Martin
	Principal Financial Officer
	Dimensional Emerging Markets Value Fund

Date: January 4, 2011