DFA International Small Cap Value Portfolio


Inception Date
December 29, 1994 		Ticker Symbol
DISVX		 CUSIP Number
233-203-736

The DFA International Small Cap Value Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio pursues its objective by investing in the stocks of small non-US companies which the Advisor believes to be value stocks at the time of purchase. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value (BtM). This BtM sort excludes firms with negative or zero book values. In assessing value, additional factors such as price to cash flow or price to earning ratios may be considered, as well as economic conditions and developments in the issuer's industry. The criteria for assessing value are subject to change from time to time. The Portfolio currently invests in companies in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and United Kingdom.

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

Prices
Updated Daily
 
Date Closing Price NAV Change $ NAV Change %
October 10, 2008 $10.79 $-0.32 -2.88%

These Net Asset Values ("NAVs") have been prepared by the fund accounting agent. Dimensional Fund Advisors reserves the right to restate these NAVs, if necessary, at any time.


Performance
 
Updated Daily
Total Returns Year-to-Date
As of October 10, 2008 -43.56%


Updated Monthly
Total Returns One Month Three Month Year-to-Date
As of September 30, 2008 -14.39% -20.83% -27.65%
 
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of September 30, 2008 -33.07% 12.38% 12.92% 6.99%


Updated Quarterly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of September 30, 2008 -33.07% 12.38% 12.92% 6.99%

Performance data represents past performance. Past performance is no guarantee of future results, and current performance may be higher or lower than the performance displayed. The investment return and principal value of an investment will fluctuate such that an investor's shares, when redeemed, may be worth more or less than their original cost. Total returns include reinvestment of dividends and capital gains and are net of all fees and expenses. Prior to April 2002, certain international equity portfolios charged a reimbursement fee to the purchasers of shares of those portfolios.


Annual Expenses Total Operating
Expense Ratio		 Net Expense Ratio
(to investor)
As of November 30, 2007 0.69% 0.69%



Distributions
Last 12 Months
 

Type		 Amount per Share Record Date Ex-dividend Date Payable Date Ex-dividend Price
Dividend $0.0700 9/8/2008 9/9/2008 9/12/2008 $15.08
Dividend $0.3070 6/9/2008 6/10/2008 6/13/2008 $18.44
Dividend $0.0320 3/7/2008 3/10/2008 3/13/2008 $17.95
Dividend $0.1720 12/18/2007 12/19/2007 12/24/2007 $18.95
LT Capital Gain $1.4010 12/18/2007 12/19/2007 12/24/2007 $18.95
ST Capital Gain $0.1720 12/18/2007 12/19/2007 12/24/2007 $18.95


Top Holdings
 

As of September 30, 2008
% of Portfolio
AMLIN PLC 1.26
NEXANS SA 0.85
NORDDEUTSCHE AFFINERIE AG 0.79
HISCOX LTD 0.75
NUTRECO HOLDING NV 0.72
SIGNET GROUP PLC 0.71
BILFINGER BERGER AG 0.65
TOMKINS PLC 0.61
SINO-FOREST CORP 0.60
VALEO SA 0.60
CATLIN GROUP LTD 0.59
BRIT INSURANCE HOLDINGS PLC 0.59
PSP SWISS PROPERTY AG 0.55
BELLWAY PLC 0.55
ATOS ORIGIN SA 0.55
ARKEMA 0.53
EPCOS AG 0.52
CLARIANT AG 0.52
IAMGOLD CORP 0.52
VITERRA INC 0.47
Total 12.93


Sector Allocations
 
As of September 30, 2008 % of Portfolio
Consumer Discretionary 17.5
Consumer Staples 8.6
Energy 4.3
Financials 21.9
Health Care 2.5
Industrials 22.3
Information Technology 6.0
Materials 16.0
Other 0.0
Reits 0.2
Telecommunication Services 0.3
Utilities 0.4
Total 100.0

Sectors defined by MSCI.


View proxy vote filings.

Market Risk
Even a long-term investment approach cannot guarantee a profit. Economic, political, and issuer-specific events will cause the value of securities, and the funds that own them, to rise or fall. Because the value of your investment in a fund will fluctuate, there is a risk that you will lose money.

Small Company Risk
Securities of small firms are often less liquid than those of large companies. As a result, small company stocks may fluctuate relatively more in price.

Foreign Securities and Currencies Risk
Foreign securities prices may decline or fluctuate because of: (a) economic or political actions of foreign governments, and/or (b) less regulated or liquid securities markets. Investors holding these securities are also exposed to foreign currency risk (the possibility that foreign currency will fluctuate in value against the US dollar).

Dimensional Fund Advisors is an investment advisor registered with the Securities and Exchange Commission. Consider the investment objectives, risks, and charges and expenses of the Dimensional funds carefully before investing. For this and other information about the Dimensional funds, please read the prospectus carefully before investing. Prospectuses are available by calling Dimensional Fund Advisors collect at (310) 395-8005; on the Internet at www.dimensional.com; or, by mail, DFA Securities Inc., c/o Dimensional Fund Advisors, 1299 Ocean Avenue, Santa Monica, CA 90401.

Mutual funds distributed by DFA Securities Inc.