DIMENSIONAL FUND ADVISORS LP

Dimensional Fund Advisors was established in 1981 by David G. Booth and Rex Sinquefield. Since its inception, the company has focused on rigorous academic research on capital markets as a main method to improve its business. At its start, Dimensional Fund Advisors offered diversified, cost-efficient access to small companies to capitalize on the expected higher returns. The company would expand to international small caps in 1986, seeking premiums outside the U.S. in 1992, Dimensional Fund Advisors would develop its three-factor asset pricing model, which identifies market, size, and value as the principal drivers of equity return. Since then, Dimensional Fund Advisors has continued its research to develop total market solutions that have advanced its portfolio designs and identified new dimensions of higher expected returns for equity markets. To maintain its research focus, the company has “forged deep working relationships with leading financial economists” such as Eugene Fama, Kenneth French, and Robert Merton, of whom Eugene Fama and Kenneth French are members on the Board of Directions. These economists work closely with Dimensional’s Portfolio Management, Trading, and Research teams, bringing financial science to benefit the clients. Dimensional Fund Advisors now hold about $400 billion in assets under management, split between US Equities, International Developed Equities, Emerging Market Equities, Fixed Income, and Global Equity, in order of decreasing emphasis. The company tries to focus on a “dynamic, market driven process with a flexible trading strategy” that allows it to balance premiums, diversification, and costs. Dimensional Fund Advisors now has clients in over 25 countries, with eleven offices in eight countries, with a main focus in the United States, Europe, and Asia Pacific. The company currently has over 850 employees and is primarily owned by its current and former employees. Some of Dimensional Fund Advisor’s most notable funds include the US Core Equity Portfolios, International Sustainability Core Portfolio, and Emerging Markets for and Social Core Equity Portfolios.