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What are the Funds policies with respect to transactions in shares of Funds by portfolio managers and officers?

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What are the Funds policies with respect to transactions in shares of Funds by portfolio managers and officers?

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All portfolio managers and officers are required to report quarterly all transactions in the Funds’ shares. To date, our review of such reported transactions does not indicate that such employees engaged in market timing or other short-term investment transactions to the detriment of investors. In addition, we requested and received certifications from all employees of Dimensional that they have not engaged in any such transactions.

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