The fundamental investment objective of the Fund is to achieve long-term capital appreciation, primarily through exposure to investments in securities of companies and other entities from around the world that are principally engaged in the real estate industry.

To achieve the Fund's investment objective, Dimensional will generally purchase a broad and diverse group of securities of companies and other entities from around the world that are traded on an exchange and that are principally engaged in the real estate industry, with a particular focus on real estate investment trusts (REITs) and companies it considers to be REIT-like entities. Dimensional considers a company to be principally engaged in the real estate industry if the company's principal activities include the development, ownership, construction, management, or sale of residential, commercial, or industrial real estate. REIT-like entities are types of real estate companies that pool investors' funds for investment primarily in income-producing real estate, or in real estate related loans or interests.

The Fund may currently invest in the developed and emerging markets of Australia, Belgium, Canada, China, France, Hong Kong, Japan, the Netherlands, New Zealand, Singapore, South Africa, the United States, and the United Kingdom. The countries authorized and in which the Fund actually holds investments will change from time to time.

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