VANCOUVER, British Columbia, July 08, 2019 (GLOBE NEWSWIRE) -- Dimensional Fund Advisors Canada ULC (“Dimensional Canada ULC”), the manager of the Dimensional Funds, announced today a non-material change in the investment strategies for the DFA Canadian Core Equity Fund, DFA Canadian Vector Equity Fund, DFA U.S. Core Equity Fund, DFA U.S. Vector Equity Fund, DFA International Core Equity Fund, and DFA International Vector Equity Fund (the “Funds”).
As set out in the “Investment strategies” section of the simplified prospectus, in constructing the investment portfolios for each of the Funds, the Fund’s sub-advisor, Dimensional Fund Advisors LP (the “Sub-Advisor”), places a greater emphasis on securities of small capitalization, value, and high profitability companies as compared to their representation in the Fund’s eligible universe of investments. The Sub-Advisor considers a number of factors when assessing securities to be added to each Fund’s portfolio, and these criteria are subject to change from time to time. The investment strategies for each of the Funds are being updated to reflect an additional factor that the Sub-Advisor will consider when assessing securities of small capitalization companies for the portfolios of each of the Funds. Effective July 8, 2019, the Sub-Advisor will be permitted to consider a small capitalization company’s investment characteristics with respect to other eligible companies when making investment decisions, and to exclude a small capitalization company when it determines it to be appropriate. In assessing a company’s investment characteristics, the Sub-Advisor may consider ratios such as recent changes in assets or book value scaled by current assets or book value. Under normal circumstances, each Fund will seek to limit such exclusions to no more than 5% of the eligible small capitalization company universe in each country that the Fund invests.
Additional information regarding each of the Funds can be found in the fund facts and the simplified prospectus for the Funds, available on our website at https://ca.dimensional.com, and on SEDAR at www.sedar.com. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus and the fund facts before investing. Mutual funds are not guaranteed, their value changes frequently and past performance may not be repeated.
Alex Stockham, Rubenstein Associates