Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Dimensional VA US Targeted Value Release date as of 2024-10-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-10-31 Out of 448 Small Value Funds Morningstar® Style Box™ What is this? As of 2024-09-30 Total Fund Assets ($ Mil) 693.54 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks long-term capital appreciation. The fund, using a market capitalization weighted approach, purchases a broad and diverse group of readily marketable securities of U.S. small and mid cap companies that the Advisor determines to be value stocks with higher profitability. As a non-fundamental policy, it will invest at least 80% of its net assets in securities of U.S. companies. The fund may purchase or sell futures contracts and options on futures contracts for U.S. equity securities and indices, to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Portfolio.

Morningstar Category: Small Value Small-value portfolios invest in small U.S. companies with valuations and growth rates below other small-cap peers. Stocks in the bottom 10% of the capitalization of the U.S. equity market are defined as small cap. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow).

Investment Risks Small Cap Funds: Smaller companies typically have higher risk of failure, and are not as well established as larger blue-chip companies. Historically, the smaller company stocks have experienced a greater degree of market volatility than the overall market average.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 97.8 Non-U.S. Stocks 2.0 Bonds 0.0 Cash 0.3 Other 0.0 Data through 2024-09-30 Morningstar Equity Sectors % of Stocks Cyclical 51.08 Basic Materials 6.60 Consumer Cyclical 15.71 Financial Services 27.09 Real Estate 1.68 Sensitive 35.99 Communication Services 3.51 Energy 9.45 Industrials 14.17 Technology 8.86 Defensive 12.93 Consumer Defensive 6.62 Healthcare 5.94 Utilities 0.37 Data through 2024-09-30 Holding Status Total Number of Stock Holdings 1324 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 5.24 Turnover % (as of 2023-10-31) 18.00 30 Day SEC Yield % --- Top Holdings Sector P/E % of Net Assets Mohawk Industries Inc 15.15 0.57 JM Smucker Co 16.03 0.55 Unum Group 6.97 0.54 Expand Energy Corp Ordinary Shares - New 51.98 0.53 Viatris Inc --- 0.53 TD Synnex Corp 14.96 0.52 Taylor Morrison Home Corp 9.07 0.50 Molson Coors Beverage Co Shs -B- Non-Voting 9.99 0.50 Jones Lang LaSalle Inc 34.17 0.50 Arrow Electronics Inc 13.21 0.50 Data through 2024-09-30

Principal Risks    Lending, Loss of Money, Not FDIC Insured, Value Investing, Market/Market Volatility, Equity Securities, Other, Derivatives, Management, Small Cap, Mid-Cap Show Risk Definitions

Other Information Inception Date: 1995-10-03 Portfolio Manager(s) Jed S. Fogdall   (2012-02-28) Jed S. Fogdall is a Co-Head of Portfolio Management and Vice President of Dimensional and a member of Dimensional’s Investment Committee. Mr. Fogdall has an MBA from the University of California, Los Angeles and a BS from Purdue University. Mr. Fogdall joined Dimensional as a Portfolio Manager in 2004 and has been responsible for international portfolios since 2010 and domestic portfolios since 2012. Joel P. Schneider   (2015-07-21) Mr. Schneider is a Senior Portfolio Manager and Vice President of Dimensional Fund Advisors LP. Mr. Schneider holds an MBA from the University of Chicago Booth School of Business, an MS from the University of Minnesota, and a BS from Iowa State University. Mr. Schneider joined Dimensional in 2011, has been a portfolio manager since 2013. Marc C. Leblond   (2020-02-28) Mr. Leblond is a Senior Portfolio Manager and Vice President of Dimensional. He joined Dimensional in 2015. Prior to joining Dimensional, Mr. Leblond was an associate at Duchossois Capital Management from June to December 2014. Investment Advisor(s) Dimensional Fund Advisors LP Issuer Dimensional Fund Advisors Subadvisor(s) ---

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