Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print VA International Value Portfolio Release date as of 2023-04-30. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2023-04-30 Out of 329 Foreign Large Value Funds Morningstar® Style Box™ What is this? As of 2023-03-31 Total Fund Assets ($ Mil) 432.53 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks long-term capital appreciation. The fund purchases securities of large non-U.S. companies in countries with developed markets that the Advisor determines to be value stocks. It may gain exposure to companies associated with approved markets by purchasing equity securities in the form of depositary receipts, which may be listed or traded outside the issuer's domicile country.

Morningstar Category: Foreign Large Value Foreign large-value portfolios invest mainly in big international stocks that are less expensive or growing more slowly than other large-cap stocks. Most of these portfolios divide their assets among a dozen or more developed markets, including Japan, Britain, France, and Germany. These portfolios primarily invest in stocks that have market caps in the top 70% of each economically integrated market (such as Europe or Asia ex-Japan). 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). These portfolios typically will have less than 20% of assets invested in U.S. stocks.

Investment Risks Foreign Securities Funds/Emerging Market Funds: Risks include, but are not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 0.6 Non-U.S. Stocks 98.2 Bonds 0.0 Cash 1.2 Other 0.0 Data through 2023-03-31 Morningstar Equity Sectors % of Stocks Cyclical 55.47 Basic Materials 14.13 Consumer Cyclical 11.55 Financial Services 27.61 Real Estate 2.18 Sensitive 31.51 Communication Services 4.08 Energy 13.94 Industrials 11.89 Technology 1.60 Defensive 13.03 Consumer Defensive 4.62 Healthcare 7.32 Utilities 1.09 Data through 2023-03-31 Morningstar World Regions % Fund Americas 9.9 North America 9.6 Latin America 0.3 Greater Europe 59.6 United Kingdom 13.3 Europe Developed 45.6 Europe Emerging 0.0 Africa/Middle East 0.6 Greater Asia 30.6 Japan 19.9 Australasia 7.5 Asia Developed 3.0 Asia Emerging 0.2 Data through 2023-03-31 Holding Status Total Number of Stock Holdings 525 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 18.12 Turnover % (as of 2022-10-31) 14.00 30 Day SEC Yield % --- Top Holdings Sector Country % of Net Assets Shell PLC ADR (Representing - Ordinary Shares) United Kingdom 3.97 TotalEnergies SE France 3.00 Novartis AG ADR Switzerland 2.24 Mercedes-Benz Group AG Germany 1.59 Zurich Insurance Group AG Switzerland 1.34 Cie Financiere Richemont Sa, Geneve --- Switzerland 1.27 HSBC Holdings PLC ADR United Kingdom 1.23 Banco Santander SA Spain 1.21 Bank of Nova Scotia Canada 1.14 Bayer AG Germany 1.13 Data through 2023-03-31

Principal Risks    Lending, Currency, Foreign Securities, Loss of Money, Not FDIC Insured, Value Investing, Market/Market Volatility, Equity Securities, Other, Derivatives, Management Show Risk Definitions

Other Information Inception Date: 1995-10-03 Portfolio Manager(s) Jed S. Fogdall   (2010-02-28) 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   (2022-02-28) 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. Arun C. Keswani   (2020-02-28) Mr. Keswani is a Senior Portfolio Manager and Vice President of Dimensional Fund Advisors LP. Mr. Keswani joined Dimensional in 2011 and has been a portfolio manager since 2013. Mr. Keswani holds an MBA from the Massachusetts Institute of Technology Sloan School of Management, an MS from Pennsylvania State University, and a BS from Purdue University. Investment Advisor(s) Dimensional Fund Advisors LP Issuer Dimensional Fund Advisors Subadvisor(s) Dimensional Fund Advisors Ltd DFA Australia Limited

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