Dimensional Fund Advisors LP

Item 5 – Fees and Compensation

Dimensional’s advisory fees charged vary due to a number of factors, including the particular
circumstances of the client, specific investment strategies or restrictions for the client, account
size, client location, scope of the overall client relationship, scope of the overall relationship with
the client’s financial advisor or service providers to the client’s financial advisor, legal and
regulatory considerations applicable to a client, customization of investment guidelines,
discretionary character of the account, additional or differing levels of client servicing, and/or as
otherwise may be agreed with specific clients. As a result, Dimensional offers certain clients lower
fees than other clients, and certain clients will pay more or less than other clients invested in similar
strategies. The table below reflects approximate ranges for the clients and portfolios advised by
Dimensional.

        General Investment Strategy Categories          Annual Advisory Fee Rates
        US Equity                                       0.06% to 0.38%
        Non-US / Global Equity                          0.13% to 0.52%
        Fixed Income                                    0.05% to 0.25%
        Real Estate Securities                          0.15% to 0.24%

Separate Accounts. A range reflecting typical advisory fees for separate account clients is set forth
in the table above. In addition, the specific fees that Dimensional charges a separate account client
are set forth in the written investment management agreement with Dimensional. Dimensional’s
actual advisory fees, minimum fees and minimum account sizes may be negotiated and vary from
client to client due to a number of factors, including those noted above. When waiving, reducing
or varying fees or modifying other contractual terms with any other separate account client,
Dimensional is generally not required to provide notice to, or obtain the consent of, any other
separate account client, subject to applicable contractual arrangements (see “Most Favored Nation
Clauses” below).

Independent Financial Advisor Facilitated Separate Accounts. Actual investment advisory fees,
minimum fees and minimum account sizes may be negotiated and vary due to a variety of factors,

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including the particular investment strategy, the particular circumstances of the investor, account
size, or as otherwise may be agreed (as described in further detail below). Additionally, the
advisory fees payable for an Independent Financial Advisor Facilitated Separate Account may be
adjusted based on certain factors, including the consideration of (i) the aggregate amount of assets
in client accounts that belong to the same household and (ii) the aggregate amount of assets that
clients of the client’s financial advisor have invested in Dimensional funds, strategies, or the
Independent Financial Advisor Facilitated Separate Accounts. When waiving, reducing or varying
fees or modifying other contractual terms with any Independent Financial Advisor Facilitated
Separate Account client, Dimensional is generally not required to provide notice to, or obtain the
consent of, any other Independent Financial Advisor Facilitated Separate Account client.

Dimensional negotiates the advisory fee payable with respect to each Independent Financial
Advisor Facilitated Separate Account with the client’s financial advisor. As stated above, for those
accounts, an independent financial advisor selects an investment strategy on behalf of a client, and
the financial advisor enters into an agreement with Dimensional for Dimensional to provide sub-
advisory services to the client’s account. The minimum opening account size for an Independent
Financial Advisor Facilitated Separate Account is generally $250,000, and the advisory fee for
such account (the “Advisory Fee”) is calculated quarterly, on the basis of the assets held in such
account, and is generally the sum of: (i) 0.29% of the value of any equity or fixed income securities
held directly in the account plus (ii) 0.10% of the value of any exchange-traded funds (“ETFs”)
and/or mutual funds managed by investment managers unaffiliated with Dimensional (“Third-
Party Funds”). Actual fees charged to an Independent Financial Advisor Facilitated Separate
Account will be assessed or adjusted for in the circumstances set forth in the applicable investment
management agreements, including that a minimum fee may apply and be assessed by applying
the Advisory Fee applicable to the relevant account’s holdings to the general minimum account
size, even when assets are below such minimum. This may result in such fee rate being higher than
the rate stated above. Additionally, as Independent Financial Advisor Facilitated Separate
Accounts that invest in US Dimensional Funds and Third-Party Funds pay the fees and expenses
charged by the fund to their shareholders as described further below, this may result in the fees
paid being higher than described above. Independent Financial Advisor Facilitated Separate
Accounts, at their sole discretion, may contract with third-party insurance firms for additional
insurance services, with which Dimensional may have separate business relationships.
Dimensional is not compensated directly if an Independent Financial Advisor Facilitated Separate
Account elects to contract for such third-party insurance services, but Dimensional may benefit
indirectly from assets referred to Dimensional by such third-party insurance firms.

Most Favored Nation Clauses. Certain clients from time to time seek to include most favored
nation (“MFN”) clauses in their investment management agreements with Dimensional (each, an
“MFN client”). Dimensional considers agreeing to an MFN clause in view of a number of factors,
...

Item 7 – Types of Clients

Dimensional’s clients generally include institutional investors, high-net-worth individuals, and
clients of registered financial advisors who may be considered retail investors. The institutional
investors are typically composed of the US Dimensional Funds, corporate and governmental
pension and profit-sharing plans, Taft-Hartley plans, charitable institutions, foundations,
endowments, municipalities, private investment funds, trust programs, sovereign funds, foreign
funds such as UCITS funds and other US and international institutions. Where Dimensional sub-
advises accounts for clients of independent financial advisors, the minimum account size is
generally $250,000. Dimensional may waive this minimum in certain circumstances.

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