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DFA Real Estate Securities Portfolio - Institutional Class

DFA Real Estate Securities Portfolio - Institutional ClassRelease EstateInvestment Objective & StrategyFrom the investment's prospectusThe investment seeks long-term capital appreciation. The fund, using a market capitalization weighted approach, purchases readily marketable equity Securities of companies whose principal activities include ownership, management, development, construction, or sale of residential, commercial or industrial real Estate . It will principally invest in equity Securities of companies in certain real Estate investment trusts and companies engaged in residential construction and firms, except partnerships, whose principal business is to develop commercial property.

The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2022, and may only be terminated by the Fund's Board of Directors prior to that date. Under certain circumstances, the Advisor retains the right to seek reimbursement for any fees previously waived and/or

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