DFA Global Equity Portfolio (F Class) Characteristics Report Second Quarter 2017 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation is provided for educational purposes only and should not be construed as investment advice or an offer ofany security for sale. [Unauthorized copying, reproducing, duplicating or transmitting of this material is prohibited]. The information provided in this presentation has been compiled from sources believed to be reliable and current, but accuracy should be placed in the context of the underlying assumptions. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. To obtain further information for the Dimensional Funds please visit www.dimensional.com.
Overall Asset Allocation Asset Class # of Countries # of Holdings Allocation Global Fixed Income - - - Canadian Equity 1 438 32.0% US Equity 1 2,407 34.3% International Equity 21 3,756 21.5% Emerging Market Equity 21 2,318 8.2% Global Real Estate 18 385 4.0% TOTAL 9,304 100% O¼ ð ~Kð\ ð ç Approximate Currency Exposure CAD 61% USD 20% Other 19% Management Expense Ratio* (F Class).47% *Management Expense Ratio for the DFA Global Equity Portfolio as stated in the Management Report of Fund Performance dated December 31, 2016. Currency Exposure as of May 31, 2017. The characteristics in this presentation are based on the relative weights (page 8) of the portfolio holdings of the underlying funds in the DFA Global Equity Portfolio. The Global Real Estate Allocation does not include REITs in the hedged and unhedged classes of the Canadian, US, and International Core Equity funds (see holdings). All data is in Canadian dollars. 1
Equity Allocation by Country Global Diversification Country s UNITED STATES 36% CANADA 33% LATIN AMERICA 1% EUROPE 14% AFRICA 1% MIDDLE EAST 0% ASIA PACIFIC 15% North America (%) 69.0 United States 35.7 Canada 33.3 Emerging Mkts (%) 8.5 Brazil 0.6 Chile 0.1 China (Local) 2.3 Colombia 0.0 Czech Republic 0.0 Egypt 0.0 Greece 0.0 Hungary 0.0 India 0.9 Indonesia 0.2 Malaysia 0.2 Malta 0.0 Mexico 0.3 Peru 0.0 Philippines 0.1 Poland 0.1 Russia 0.1 South Africa 0.6 Korea 1.4 Taiwan 1.3 Thailand 0.2 Turkey 0.1 International (%) 22.4 Australia 1.5 Austria 0.1 Belgium 0.3 Denmark 0.4 Finland 0.4 France 2.0 Germany 2.0 Hong Kong 0.7 Ireland 0.1 Israel 0.1 Italy 0.7 Japan 6.0 Netherlands 0.7 New Zealand 0.1 Norway 0.2 Portugal 0.1 Singapore 0.3 Spain 0.7 Sweden 0.7 Switzerland 1.5 United Kingdom 3.9 The characteristics in this presentation are based on the relative weights (page 8) of the portfolio holdings of the underlying funds in the DFA Global Equity Portfolio. Country weights exclude securities in the DFA Global Real Estate Securities Fund. All data is in Canadian dollars. 2
Canadian Equity Allocation Sector s Sector Model Financials 32.6 35.3 Energy 20.0 20.0 Materials 18.0 11.5 Industrials 8.4 9.6 Consumer Disc 7.0 5.4 Consumer Staples 3.6 3.9 Utilities 2.7 3.3 Info Technology 2.5 3.3 REITs 2.0 2.2 Telecom Services 1.7 4.9 Health Care 1.5 0.7 + Size & Style s Large Mid Small Total Growth Neutral Value Total 8.2 22.4 20.7 51.2 20.5 29.9 21.0 71.5 5.6 7.0 10.2 22.8 5.9 5.8 6.6 18.2 4.6 5.3 16.1 26.0 2.9 2.1 5.3 10.3 18.4 34.7 47.0 100.0 29.3 37.8 32.9 100.0 Model Portfolio Top 20 Holdings Company BANK OF MONTREAL 4.9 BANK OF NOVA SCOTIA 4.6 SUNCOR ENERGY INC 4.1 TORONTO-DOMINION BANK 4.0 ROYAL BANK OF CANADA 3.5 MANULIFE FINANCIAL CORP 2.3 CAN IMPERIAL BK OF COMMERCE 2.1 MAGNA INTERNATIONAL INC 1.8 CANADIAN NATURAL RESOURCES 1.8 NATIONAL BANK OF CANADA 1.5 TECK RESOURCES LTD-CLS B 1.5 TRANSCANADA CORP 1.4 SUN LIFE FINANCIAL INC 1.3 ENBRIDGE INC 1.2 CANADIAN NATL RAILWAY CO 1.1 KINROSS GOLD CORP 1.0 BCE INC 1.0 FAIRFAX FINANCIAL HLDGS LTD 0.8 AGNICO EAGLE MINES LTD 0.8 POTASH CORP OF SASKATCHEWAN 0.7 Top 20 Holdings Total 41.3 Data is in Canadian dollars. The Canadian Equity component of the DFA Global Equity Portfolio is a composite of the portfolio holdings of the Canadian equity funds listed on the Portfolio Holdings page, but excludes the Canadian securities in the DFA Global Real Estate Securities Fund. represents S&P/TSX Capped for Canadian equities. S&P/TSX data provided by S&P/TSX. es are not available for direct investment. 3
US Equity Allocation Sector s Sector Model Financials 21.6 14.8 Info Technology 16.9 21.4 Consumer Disc 13.7 12.6 Industrials 13.0 10.8 Health Care 11.4 14.0 Consumer Staples 6.5 8.0 Energy 6.0 5.6 Materials 3.7 3.4 Telecom Services 3.3 2.0 REITs 2.2 4.2 Utilities 1.7 3.2 + Size & Style s Large Mid Small Total Growth Neutral Value Total 7.8 19.6 24.8 52.3 20.7 29.3 20.5 70.5 2.8 10.3 11.3 24.4 4.3 8.7 7.2 20.2 1.4 7.5 14.4 23.3 1.2 3.4 4.8 9.4 12.0 37.5 50.6 100.0 26.2 41.5 32.4 100.0 Model Portfolio Top 20 Holdings Company APPLE INC 2.2 AT&T INC 2.1 JPMORGAN CHASE & CO 1.8 WELLS FARGO & CO 1.8 EXXON MOBIL CORP 1.1 INTEL CORP 1.0 BANK OF AMERICA CORP 1.0 MICROSOFT CORP 1.0 COMCAST CORP-CLASS A 0.9 CHEVRON CORP 0.9 PFIZER INC 0.9 WAL-MART STORES INC 0.8 CISCO SYSTEMS INC 0.8 CITIGROUP INC 0.8 JOHNSON & JOHNSON 0.8 PROCTER & GAMBLE CO/THE 0.6 AMAZON.COM INC 0.6 ALPHABET INC-CL C 0.6 UNITEDHEALTH GROUP INC 0.6 ALPHABET INC-CL A 0.5 Top 20 Holdings Total 20.8 Data is in Canadian dollars. The US Equity component of the DFA Global Equity Portfolio is a composite of the portfolio holdings of the US equity funds listed on the Portfolio Holdings page, but excludes US securities in the DFA Global Real Estate Securities Fund. US equity index represented by the Russell 3000. Russell data copyright Russell Investment Group 1995-2017, all rights reserved. es are not available for direct investment. 4
International Equity Allocation Sector s Sector Model Financials 21.4 23.5 Industrials 18.0 14.5 Consumer Disc 16.2 12.1 Materials 11.6 7.5 Consumer Staples 7.1 11.5 Info Technology 6.2 6.1 Health Care 6.1 10.8 Energy 5.5 4.7 Telecom Services 3.5 4.3 Utilities 2.8 3.4 REITs 1.5 1.6 + Size & Style s Large Mid Small Total Growth Neutral Value Total 6.9 21.5 21.0 49.5 22.5 34.3 25.3 82.0 5.3 11.4 6.8 23.4 5.1 7.2 4.5 16.8 5.1 11.4 10.6 27.1 0.3 0.6 0.3 1.2 17.3 44.2 38.5 100.0 27.9 42.0 30.1 100.0 Model Portfolio Top 20 Holdings Company TOTAL SA 1.0 NESTLE SA-REG 1.0 DAIMLER AG-REGISTERED SHARES 0.8 TOYOTA MOTOR CORP 0.7 HSBC HOLDINGS PLC-SPONS ADR 0.7 BHP BILLITON LIMITED 0.6 BASF SE 0.5 BNP PARIBAS 0.5 ROYAL DUTCH SHELL-SPON ADR-B 0.5 DEUTSCHE TELEKOM AG-REG 0.4 BANCO SANTANDER SA 0.4 SIEMENS AG-REG 0.4 VODAFONE GROUP PLC 0.4 ROYAL DUTCH SHELL PLC-A SHS 0.4 ABB LTD-REG 0.4 VOLKSWAGEN AG-PREF 0.4 AUST AND NZ BANKING GROUP 0.4 BAYERISCHE MOTOREN WERKE AG 0.4 HITACHI LTD 0.4 NOVARTIS AG-REG 0.4 Top 20 Holdings Total 10.6 Data is in Canadian dollars. The International Equity component of the DFA Global Equity Portfolio is a composite of the portfolio holdings of the International equity funds listed on the Portfolio Holdings page, but excludes the International securities in the DFA Global Real Estate Securities Fund. represents MSCI EAFE (net div.). MSCI data copyright MSCI 2017, all rights reserved. es are not available for direct investment. 5
Emerging Market Equity Allocation Sector s Sector Model Financials 26.9 25.8 Info Technology 18.6 26.6 Materials 11.5 7.1 Consumer Disc 11.4 10.6 Industrials 10.1 5.7 Consumer Staples 5.9 6.8 Energy 5.9 6.6 Telecom Services 3.8 5.4 Utilities 2.8 2.6 Health Care 2.6 2.4 REITs 0.4 0.5 + Size & Style s Large Mid Small Total Growth Neutral Value Total 7.1 21.8 22.8 51.7 26.8 32.5 24.7 84.0 4.2 9.4 8.9 22.5 3.2 6.0 3.9 13.1 2.1 8.9 14.9 25.9 0.4 1.2 1.3 3.0 13.3 40.1 46.6 100.0 30.4 39.7 29.9 100.0 Model Portfolio Top 20 Holdings Company SAMSUNG ELECTRONICS CO LTD 2.8 CHINA CONSTRUCTION BANK-H 2.0 IND & COMM BK OF CHINA-H 1.1 TENCENT HOLDINGS LTD 0.8 BANK OF CHINA LTD-H 0.7 HON HAI PRECISION INDUSTRY 0.7 CHINA MOBILE LTD 0.6 CHINA NATIONAL BUILDING MA-H 0.6 PING AN INSURANCE GROUP CO-H 0.6 TAIWAN SEMICONDUCTOR-SP ADR 0.6 ALIBABA GROUP HOLDING-SP ADR 0.5 CHINA EVERGRANDE GROUP 0.5 ITAU UNIBANCO HOLDING S-PREF 0.5 CHINA MOBILE LTD-SPON ADR 0.5 TAIWAN SEMICONDUCTOR MANUFAC 0.4 SK HYNIX INC 0.4 HYUNDAI MOTOR CO 0.4 CNOOC LTD-SPON ADR 0.4 STANDARD BANK GROUP LTD 0.4 SASOL LTD-SPONSORED ADR 0.4 Top 20 Holdings Total 14.9 Data is in Canadian dollars. The Emerging Markets Equity component of the DFA Global Equity Portfolio is a composite of the portfolio holdings of the International equity funds listed on the Portfolio Holdings page, but excludes the Emerging Markets securities in the DFA Global Real Estate Securities Fund. Emerging market index represented by MSCI Emerging Markets (net div.). MSCI data copyright MSCI 2017, all rights reserved. es are not available for direct investment. 6
Global Real Estate Allocation The global real estate allocation of your portfolio will be comprised of globally diversified publicly listed real estate securities. Physical property values tend to lag those of listed property. As real estate securities are more liquid and more frequently traded than buildings and land, they tend to reflect changes in valuation more quickly than agent and government appraisals, which in general are based on past information. So, not only are real estate securities easier to buy and sell than actual real estate, they reflect new information more quickly than the physical property market. Real estate has a role in a well-diversified portfolio because it tends to behave as a distinct asset class to stocks and bonds. However, portfolios of Canadian real estate securities will not only be concentrated but will also tend to have a higher correlation with your physical real estate holdings based in Canada. As a result, the real estate allocation of the Global Equity Portfolio will be diversified across multiple countries and regions. Global Real Estate Allocation Number of Region (%) Holdings US 65.6 153 Canada 1.7 31 Asia Pacific 12.4 75 Europe 6.1 37 Japan 7.4 44 United Kingdom 4.7 25 Africa 1.4 12 Latin America 0.8 8 Total 100% 385 Portfolio holdings are subject to change. Diversification does not eliminate the risk of market loss. Data as at. The allocation of real estate securities in the DFA Global Equity Portfolio is based on the portfolio holdings of the funds listed on page 8. The Global Real Estate Allocation does not include REITs in the hedged and unhedged classes of the Canadian, US, and International core funds (see page 8). Country weights are broken down as a percentage of the DFA Global Real Estate Securities Fund and not of the portfolio as a whole. 7
Portfolio Holdings Fund Allocation TER Turnover DFA Canadian Core Equity 22.3% 0.01% 11.6% DFA Canadian Vector Equity 9.6% 0.01% 12.7% DFA U.S. Core Equity 11.9% 0.01% 15.0% DFA U.S. Core Equity (Hedged) 12.1% 0.01% 15.0% DFA U.S. Vector Equity 5.1% 0.01% 18.4% DFA U.S. Vector Equity (Hedged) 5.2% 0.01% 18.4% DFA International Core Equity 10.5% 0.03% 8.6% DFA International Core Equity (Hedged) 10.5% 0.03% 8.6% DFA International Vector Equity 4.5% 0.04% 11.7% DFA International Vector Equity (Hedged) 4.5% 0.04% 11.7% DFA Global Real Estate Securities 4.0% 0.02% 9.5% Allocation as of. TER and Turnover as of December 31, 2016. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed; their values change frequently, and past performance may not be repeated. International and emerging market investments include additional risks, including political instability and currency fluctuations. This presentation provides certain selected information regarding the DFA Global Equity Portfolio. To achieve the portfolio s investment objectives, the assets of the portfolio will generally be allocated to other funds managed and advised by DFA Canada and its affiliates that invest in Canadian, U.S. and international equity securities, real estate securities, and fixed income securities. Certain of the information provided in this presentation is based on portfolio holdings of the underlying funds held by the DFA Global Equity Portfolio as of the dates shown. The portfolio s allocations among the underlying funds will be adjusted periodically by the sub-advisor without notice and the holdings of the underlying funds will also change. All data is in Canadian dollars as at the dates indicated. 8