Australian Value Trust

Inception Date
10 June 1999

The objective of the Australian Value Trust is to provide long-term capital growth through access to the higher expected returns and diversification benefits of value companies. The Trust is designed to be a component of an Australian equity portfolio.

The portfolios eligible universe includes the listed ordinary shares of Australian value companies, as defined by a high book-to-market ratio, with market capitalisations greater than A$50 million.

Investments in eligible companies are generally held in proportion to their market capitalisation. However, to manage turnover and taxation considerations the Trust may not exactly match specific company weights. A hold or buffer range for sales minimises transaction costs and keeps portfolio turnover low. Issues that migrate above the hold range are sold and proceeds reinvested in the buy range.

This is only a summary of the Trust. For a full description, please consult the Dimensional Australian Resident Trusts Product Disclosure Statement.

 Performance Data

Unit Price (Most Recent)
Date Application Price Net Asset Value Redemption Price
2 September 2010 $18.99 $18.97 $18.95
         


Distribution (Most Recent)
Record
Date		 Ex-Dividend
Date		 Net Asset
Value		 Reinvestment
Price		 Distribution
(per unit)
30/6/2010 1/7/2010 $17.59 $17.140 $0.2197
 
  Distributions Since Inception

Trust Net Asset Value Prices are cum-distribution.

Performance data reported by DFA Australia Limited represents past performance and is not indicative of future performance. The investment return and principal value will fluctuate so that an investor's units, when redeemed, may be worth more or less than their original cost. Further, there can be no assurance that any of the Trusts will achieve its investment objective.