The fundamental investment objective of the Five-Year Global Fixed Income Fund is to provide a market rate of return for a global fixed income portfolio with relatively low volatility of returns, while maintaining its eligibility for investment by registered plans. In constructing the portfolio, Dimensional buys high-quality fixed income securities that mature generally within five years from the date of settlement, and that are issued or guaranteed by the Canadian government or its agencies or instrumentalities, other Canadian issuers, foreign governments or their agencies or instrumentalities, other foreign issuers, and supranational organizations. Currently, Dimensional expects that most of the Fund's non-Canadian investments will be made in the obligations of issuers that are located in developed countries, such as those countries that are members of the Organization for Economic Co-Operation and Development. However, in the future, Dimensional anticipates investing in issuers located in other countries as well. Currency exposure tends to increase the volatility of an international fixed income portfolio. To reduce this volatility, Dimensional will hedge currency exposure in the Five-Year Global Fixed Income Fund. This enables us to gain the benefits that come from diversifying across many countries without measurably increasing currency risk.

For a full description, please consult the Portfolio's prospectus.