<PAGE> 1
DFA INVESTMENT DIMENSIONS GROUP INC.
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
SEMI-ANNUAL REPORT
Period Ended May 31, 1995
(Unaudited)
<PAGE> 2
DFA INVESTMENT DIMENSIONS GROUP INC.
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
Semi-Annual Report
(Unaudited)
Table of Contents
Page
----
Schedule of Investments ........................................... 1-13
Statement of Assets and Liabilities ............................... 14
Statement of Operations ........................................... 15
Statement of Changes in Net Assets ................................ 16
Financial Highlights .............................................. 17
Notes to Financial Statements ..................................... 18-19
This report is submitted for the information of the Fund's shareholders. It
is not authorized for distribution to prospective investors unless preceded
or accompanied by an effective prospectus.
<PAGE> 3
SCHEDULE OF INVESTMENTS
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
MAY 31, 1995
<TABLE>
<CAPTION>
Shares Value+
------------------ ------------------
<S> <C> <C>
JAPAN -- (33.9%)
COMMON STOCKS -- (33.6%)
Aica Kogyo Co., Ltd. ................................... 10,000 $68,477
Aichi Corp. ............................................ 5,100 51,542
*Amada Wasino Co., Ltd. ................................. 13,000 46,045
Ando Corp. ............................................. 14,000 71,404
Asahi Kogyosha Co., Ltd. ............................... 6,000 38,253
Asanuma Corp. .......................................... 8,000 43,447
Cabin Co., Ltd. ........................................ 8,000 50,059
*Chisan Tokan Co., Ltd. ................................. 4,000 13,270
Chugoku Marine Paints, Ltd. ............................ 11,000 50,000
Chuo Spring Co., Ltd., Nagoya .......................... 11,000 65,714
*D'urban, Inc. .......................................... 12,000 34,144
Dai Nippon Construction ................................ 7,000 49,587
Dai-Ichi Hotel, Ltd., Tokyo ............................ 5,000 37,780
*Dai-Ichi Katei Denki Co., Ltd. ......................... 8,000 34,852
Dai-Ichi Kogyo Seiyaku Co., Ltd. ....................... 3,000 15,939
Daidoh, Ltd. ........................................... 7,000 59,752
Daiichi Cement Co., Ltd. ............................... 2,000 10,862
*Daiwabo Co., Ltd. ...................................... 22,000 60,519
Descente, Ltd. ......................................... 11,000 62,987
Fujirebio, Inc. ........................................ 6,000 49,587
Fukuda Corp. ........................................... 8,000 83,588
Gastec Service, Inc. ................................... 4,000 30,272
Graphtec Corp. ......................................... 5,000 34,829
Gun-Ei Chemical Industry Co., Ltd. ..................... 14,000 69,091
Gunze Sangyo, Inc., Tokyo .............................. 9,000 38,996
Harima Chemicals, Inc. ................................. 4,000 37,308
Hisaka Works, Ltd. ..................................... 6,000 71,546
Hisamitsu Pharmaceutical Co., Inc. ..................... 7,000 58,678
Hodogaya Chemical Co., Ltd. ............................ 5,000 13,991
Hokkaido Gas Co., Ltd. ................................. 8,000 43,542
*Hokko Chemical Industry Co., Ltd. ...................... 2,000 12,349
Horiba, Ltd. ........................................... 5,000 60,213
Ichikawa Co., Ltd. ..................................... 3,000 14,876
Ikegami Tsushinki Co., Ltd. ............................ 10,000 73,790
Inabata and Co., Ltd., Osaka ........................... 8,000 51,476
Intec, Inc. ............................................ 5,000 73,790
Ishikawa Seisakusho, Ltd. .............................. 9,000 31,877
Ishizuka Glass Co., Ltd. ............................... 6,000 40,874
Itoki Crebio Corp. ..................................... 6,000 57,379
Iwasaki Electric Co., Ltd. ............................. 11,000 51,299
Iwata Air Compressor Manufacturing Co., Ltd. ........... 7,000 29,174
Japan Oil Transportation Co., Ltd. ..................... 5,000 28,040
Japan Transcity Corp. .................................. 8,000 55,726
Japan Vilene Co., Ltd. ................................. 10,000 64,345
Joban Kosan Co., Ltd. .................................. 12,000 54,970
Kamei Corp. ............................................ 6,000 77,214
Kanaden Corp. .......................................... 5,000 36,659
Kansei Corp. ........................................... 7,000 57,686
Kanto Auto Works, Ltd., Yokosuka ....................... 10,000 70,837
Kanto Bank, Ltd. ....................................... 1,400 51,405
Kanto Natural Gas Development Co., Ltd. ................ 6,000 50,649
Kasumi Co., Ltd. ....................................... 5,000 46,458
Kato Works Co., Ltd. ................................... 9,000 56,316
Kawada Industries, Inc. ................................ 9,000 83,093
1
<PAGE> 4
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
CONTINUED
Shares Value+
------------------ ------------------
Kawai Musical Instruments Manufacturing Co., Ltd. ...... 10,000 $38,253
Kawashima Textile Manufacturers, Ltd. .................. 13,000 46,045
Kinseki, Ltd. .......................................... 4,000 57,615
*Kinsho-Mataichi Corp. .................................. 5,000 20,956
*Kioritz Corp. .......................................... 9,000 27,627
Kita-Nippon Bank, Ltd. ................................. 1,000 61,983
Kitagawa Iron Works Co., Ltd. .......................... 12,000 52,704
Kokusai Kogyo Co., Ltd. ................................ 6,000 63,046
Komai Tekko, Inc. ...................................... 5,000 37,190
Kosei Securities Co., Ltd. ............................. 12,000 55,537
*Kyotaru Co., Ltd. ...................................... 6,000 42,645
Kyushu Bank, Ltd. ...................................... 9,000 42,609
Life Corp. ............................................. 8,000 70,083
*Maruman Securities Co., Ltd. ........................... 12,000 53,837
Matsui Construction Co., Ltd. .......................... 4,000 36,553
Meito Sangyo Co., Ltd. ................................. 4,090 64,706
Mitsuba Electric Manufacturing Co., Ltd. ............... 5,000 48,406
Morozoff, Ltd., Osaka .................................. 3,000 12,397
Mory Industries, Inc. .................................. 8,000 51,287
*Mutoh Industries, Ltd. ................................. 5,000 34,238
Mutow Co., Ltd. ........................................ 5,000 45,750
*Nabco, Ltd. ............................................ 12,000 46,612
Naigai Co., Ltd. ....................................... 11,000 56,364
Nakamuraya Co., Ltd. ................................... 8,000 52,043
Nakano Corp. ........................................... 7,000 33,884
Neturen Co., Ltd., Tokyo ............................... 6,000 49,233
*Nichiboshin, Ltd. ...................................... 12,000 18,985
*Nichimo Co., Ltd. ...................................... 3,000 13,282
*Nichimo Corp. .......................................... 9,000 38,253
Nihon Kohden Corp. ..................................... 6,000 57,025
Nihon Matai Co., Ltd. .................................. 5,000 32,881
Nihon Parkerizing Co., Ltd. ............................ 10,000 61,157
Niigata Chuo Bank, Ltd. ................................ 10,000 38,253
Nippon Chemiphar Co., Ltd. ............................. 5,000 34,475
Nippon Conlux Co., Ltd. ................................ 5,000 33,058
Nippon Conveyor Co., Ltd. .............................. 4,000 19,268
Nippon Denko Co., Ltd. ................................. 19,000 68,418
Nippon Hume Pipe Co., Ltd. ............................. 2,000 10,224
*Nippon Koshuha Steel Co., Ltd. ......................... 12,000 37,119
Nippon Synthetic Chemical Industry Co., Ltd. ........... 8,000 43,164
Nippon Thompson Co., Ltd. .............................. 10,000 62,574
Nippon Valqua Industries, Ltd. ......................... 14,000 57,851
Obayashi Road Corp. .................................... 8,000 68,760
Okabe Co., Ltd. ........................................ 5,000 43,388
*Oki Electric Cable Co., Ltd. ........................... 6,000 27,839
*Okuma and Howa Machinery, Ltd. ......................... 9,000 30,921
Okura Industrial Co., Ltd. ............................. 9,000 66,942
*Ono Sokki Co., Ltd. .................................... 5,000 30,697
Origin Electric Co., Ltd. .............................. 3,000 13,636
Pacific Industrial Co., Ltd. ........................... 8,000 39,669
Parco Co., Ltd. ........................................ 4,000 42,503
Pasco Corp. ............................................ 16,000 73,294
*Pokka Corp. ............................................ 5,150 56,547
Renown Look, Inc. ...................................... 5,000 35,419
Rheon Automatic Machinery Co., Ltd. .................... 4,000 45,006
2
<PAGE> 5
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
CONTINUED
Shares Value+
------------------ ------------------
Ryoden Trading Co., Ltd. ............................... 8,000 $64,227
Sagami Co., Ltd. ....................................... 6,000 43,920
Sakai Heavy Industries, Ltd. ........................... 6,000 40,378
Sankei Building Co., Ltd. .............................. 8,000 57,143
Sanko Metal Industrial Co., Ltd., Tokyo ................ 5,000 25,679
*Sankyo Seiki Manufacturing Co., Ltd. ................... 11,000 51,558
Sanyo Industries, Ltd., Tokyo .......................... 3,000 18,347
Sata Construction Co., Ltd., Gumma ..................... 8,000 45,053
Seikitokyu Industries Co., Ltd. ........................ 7,000 33,471
Shibuya Kogyo Co., Ltd. ................................ 4,000 38,253
*Shikibo, Ltd. .......................................... 15,000 37,013
Shin-Etsu Polymer Co., Ltd. ............................ 14,000 71,240
Shinko Shoji Co., Ltd. ................................. 4,000 47,226
Shiroki Co., Ltd. ...................................... 15,000 67,296
Sumisho Computer Systems Corp. ......................... 5,000 62,574
Sumitomo Corporation's Leasing, Ltd. ................... 4,000 29,044
Sumitomo Precision Products Co., Ltd., Amagasaki City .. 9,000 56,529
Sun Telephone Co., Ltd. ................................ 6,000 41,086
Suzutan Co., Ltd. ...................................... 6,000 48,524
TYK Corp. .............................................. 8,000 32,869
*Taiheiyo Bank, Ltd. .................................... 10,000 43,684
*Taiheiyo Securities Co., Ltd. .......................... 15,000 48,701
*Taiyo Toyo Sanso Co. Ltd. .............................. 17,000 71,854
*Taka-Q Co., Ltd. ....................................... 9,000 26,352
Takara Co., Ltd. ....................................... 4,000 44,628
Tamura Corp. ........................................... 9,000 53,341
Tatsuta Electric Wire & Cable Co., Ltd. ................ 10,000 44,274
*Tayca Corp. ............................................ 10,000 37,190
*Teac Corp. ............................................. 7,000 33,884
Teikoku Tsushin Kogyo Co., Ltd. ........................ 9,000 48,878
*Toa Wool Spinning & Weaving Co., Ltd. .................. 8,000 28,430
Tobu Store Co., Ltd. ................................... 9,000 72,255
Tochigi Fuji Industrial Co., Ltd. ...................... 4,000 37,355
Toda Kogyo Corp. ....................................... 7,000 50,744
*Toho Rayon Co., Ltd. ................................... 13,000 50,496
Tohto Suisan Co., Ltd. ................................. 8,000 39,197
*Tokai Kogyo Co., Ltd. .................................. 13,000 38,217
Tokai Senko K.K. Nagoya ................................ 7,000 27,273
Tokushu Paper Manufacturing Co., Ltd. .................. 7,000 65,289
Tokuyo City Bank, Ltd. ................................. 13,000 40,059
Tokyo Denki Komusho Co., Ltd. .......................... 5,000 57,202
Tokyo Nissan Auto Sales Co., Ltd. ...................... 5,000 40,142
Tokyo Tekko Co., Ltd. .................................. 7,000 40,744
*Topcon Corp. ........................................... 7,000 59,091
Topre Corp. ............................................ 9,000 68,749
*Toshibo Tungaloy Co.,Ltd. .............................. 12,000 56,812
Totenko Co., Ltd. ...................................... 4,000 20,165
Totoku Electric Co., Ltd., Tokyo ....................... 7,000 42,149
*Towa Real Estate Development Co., Ltd. ................. 11,000 39,740
Toyo Aluminum K.K. ..................................... 6,000 35,773
Toyo Corp. ............................................. 5,000 41,440
Toyo Radiator Co., Ltd. ................................ 11,000 48,312
*Toyo Securities Co., Ltd. .............................. 9,000 30,283
Tsugami Corp. .......................................... 13,000 53,105
Uchida Yoko Co., Ltd. .................................. 9,000 49,197
*Ueki Corp. ............................................. 6,000 34,215
3
<PAGE> 6
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
CONTINUED
Shares Value+
------------------ ------------------
Yokohama Reito Co., Ltd. ............................... 8,000 $ 96,340
Yomeishu Seizo Co., Ltd. ............................... 5,000 44,864
Yondenko Corp. ......................................... 4,000 41,086
*Yuken Kogyo Co., Ltd. .................................. 6,000 21,606
Zenchiku Co., Ltd. ..................................... 12,000 46,470
------------------
TOTAL COMMON STOCKS (Cost $8,132,832) ..................... 7,809,783
------------------
INVESTMENT IN CURRENCY -- (0.3%)
*Japanese Yen (Cost $65,987) ............................ 66,848
------------------
TOTAL -- JAPAN (Cost $8,198,819) .......................... 7,876,631
------------------
UNITED KINGDOM -- (16.6%)
COMMON STOCKS -- (15.4%)
APV P.L.C. ............................................. 25,000 29,766
ASDA Property Holdings P.L.C. .......................... 23,000 44,910
Allied London Properties P.L.C. ........................ 15,000 18,574
Avon Rubber P.L.C. ..................................... 7,730 62,461
BSG International P.L.C. ............................... 62,500 66,973
Bardon Group P.L.C. .................................... 90,000 40,719
Barratt Developments P.L.C. ............................ 19,200 59,436
Berkeley Group P.L.C. .................................. 14,200 85,662
Bilton P.L.C. .......................................... 15,000 59,531
Boddington Group P.L.C. ................................ 21,800 96,555
Bridon P.L.C. .......................................... 10,000 20,161
British-Borneo Petroleum Syndicate P.L.C. .............. 13,010 57,210
Cater Allen Holdings P.L.C. ............................ 5,000 41,116
Chesterfield Properties P.L.C. ......................... 4,000 28,321
Clyde Petroleum P.L.C. ................................. 118,000 86,170
*Costain Group P.L.C. ................................... 150,000 26,194
Countryside Property P.L.C. ............................ 11,000 14,319
Daejan Holdings P.L.C. ................................. 5,000 94,853
EIS Group P.L.C. ....................................... 13,267 80,033
Evans of Leeds P.L.C. .................................. 24,000 40,767
Frogmore Estates P.L.C. ................................ 15,039 110,538
Gestetner Holdings P.L.C. .............................. 38,000 40,116
Gleeson (M.J.) Group P.L.C. ............................ 2,000 26,289
Goal Petroleum P.L.C. .................................. 25,000 28,377
Greene King P.L.C. ..................................... 9,000 75,867
*Greycoat P.L.C. ........................................ 20,000 44,768
Hambro Countrywide P.L.C. .............................. 61,000 25,178
Hardy Oil & Gas P.L.C. ................................. 20,000 54,610
Hazlewood Foods P.L.C. ................................. 44,500 73,470
Hickson International P.L.C. ........................... 30,000 60,960
Ibstock P.L.C. ......................................... 55,000 67,667
Kelt Energy P.L.C. ..................................... 27,000 21,431
Laing (John) P.L.C. .................................... 8,000 26,416
Leigh Interests P.L.C. ................................. 20,000 45,085
Lex Service P.L.C. ..................................... 17,100 90,668
London Merchant Securities P.L.C. ...................... 71,000 109,331
Mansfield Brewery P.L.C. ............................... 10,000 42,069
Marston Thompson & Evershed P.L.C. ..................... 16,000 77,724
McAlpine (Alfred) P.L.C. ............................... 26,000 69,755
*Micro Focus Group P.L.C. ............................... 3,000 35,004
Molins P.L.C. .......................................... 5,500 58,063
Morland & Co. P.L.C. ................................... 5,900 46,831
Mucklow (A & J) Group P.L.C. ........................... 18,000 38,576
Norcros P.L.C. ......................................... 30,000 40,958
Nurdin & Peacock, Ltd. ................................. 37,000 109,251
PSIT P.L.C. ............................................ 34,800 71,266
Peel Holdings P.L.C. ................................... 17,000 72,057
Persimmon P.L.C. ....................................... 25,000 84,138
4
<PAGE> 7
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
CONTINUED
Shares Value+
------------------ ------------------
Prowting P.L.C. ........................................ 17,000 $ 33,465
Readicut International P.L.C. .......................... 35,000 35,838
Scholl P.L.C. .......................................... 20,000 54,293
Scottish Metropolitan Property P.L.C. .................. 23,000 27,750
Sherwood Group P.L.C. .................................. 19,000 31,067
Stanley Leisure Organisation P.L.C. .................... 8,700 50,825
Tops Estates P.L.C. .................................... 10,000 25,241
Transport Development Group P.L.C. ..................... 26,600 98,812
Vaux Group P.L.C. ...................................... 41,700 162,186
Warner Estate Holdings P.L.C. .......................... 8,000 25,400
Warnford Investments P.L.C. ............................ 7,000 25,892
*Wates City of London Properties P.L.C. ................. 40,000 45,720
Watts, Blake, Bearne & Co. P.L.C. ...................... 4,000 31,750
Westbury P.L.C. ........................................ 15,000 37,862
Wilson (Connolly) Holdings P.L.C. ...................... 43,000 113,998
Wilson Bowden P.L.C. ................................... 16,900 94,974
------------------
TOTAL COMMON STOCKS (Cost $3,404,612) ................... 3,595,267
------------------
INVESTMENT IN CURRENCY -- (1.2%)
*British Pound Sterling (Cost $281,525) ................. 284,316
------------------
TOTAL -- UNITED KINGDOM (Cost $3,686,137) ................. 3,879,583
------------------
GERMANY -- (9.8%)
COMMON STOCKS -- (7.3%)
*Aachener und Muenchener Lebensversicherung AG .......... 100 48,547
Andreae-Noris Zahn AG, Anzag ........................... 200 45,641
Barmag AG .............................................. 400 82,778
*DSL Holding AG ......................................... 650 77,853
Deutsche Hypotheken Bank AG, Hannover/Berlin ........... 190 59,922
Deutsche Verkehrs-Bank AG .............................. 500 65,379
Felten & Guilleaume Energietechnik AG .................. 300 65,911
Flender (A. Friedrich) AG .............................. 375 64,050
Hypothekenbank In Hamburg AG ........................... 15 9,355
*KM-Kabelmetal AG ....................................... 664 84,235
KSB AG ................................................. 275 60,029
Kaufhalle AG ........................................... 850 98,193
Kaufring AG ............................................ 500 53,508
*Leonische Drahtwerke AG ................................ 150 41,566
*Massa AG ............................................... 380 46,322
*Moksel (A.) AG ......................................... 500 31,184
Nuernberger Hypothekenbank AG .......................... 233 72,988
*Phoenix AG, Hamburg .................................... 460 72,048
Rheinboden Hypothekenbank AG ........................... 170 33,012
Rheinmetall Berlin AG .................................. 520 96,371
Salamander AG, Kornwesteim ............................. 520 109,824
Sixt AG ................................................ 100 22,679
Stoehr & Co. AG ........................................ 88 14,500
Sueddeutsche Bodencreditbank AG ........................ 150 55,811
*Varta AG ............................................... 443 81,473
WMF (Wuerttembergische Metallwarenfabrik AG) ........... 242 58,999
Walter Bau AG .......................................... 350 107,902
5
<PAGE> 8
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
CONTINUED
Shares Value+
------------------ ------------------
*Zanders Feinpapiere AG ................................. 300 $ 44,649
------------------
TOTAL COMMON STOCKS (Cost $1,715,195) ................... 1,704,729
------------------
INVESTMENT IN CURRENCY -- (2.5%)
*German Marks (Cost $563,010) ........................... 566,694
------------------
TOTAL -- GERMANY (Cost $2,278,205) ........................ 2,271,423
------------------
FRANCE -- (8.2%)
COMMON STOCKS -- (6.6%)
ALSPI (Societe Alsacienne de Participations
Industrielles) ....................................... 1,100 78,074
*Bains de Mer et du Cercle des Etrangers a Monaco ....... 400 54,861
*CLAL (Comptoir Lyon-Alemand Loyot SA) .................. 842 69,629
*Compagnie Financiere pour l'Immobilier d'Enterprise
Fidei ................................................ 900 17,426
DMC (Dollfus Mieg et Cie) .............................. 2,390 141,963
France SA .............................................. 929 140,718
Gascogne SA ............................................ 420 44,897
*Genefim-Societe Immobiliere pour le Commerce et
l'Industrie SA ....................................... 1,200 41,146
*Generale de Geophysique SA ............................. 600 42,925
*Intertechnique SA ...................................... 290 36,148
Radiotechnique ......................................... 900 94,393
Reassurances SA (Francaise de) ......................... 858 121,138
Rue Imperiale de Lyon .................................. 210 159,681
SFIM (Societe de Fabrication d'Instruments de Mesure) .. 188 35,378
Salins du Midi & des Salines de l'Est .................. 900 65,167
*Societe Financiere Immobail SA ......................... 400 24,203
*Societe Financiere Interbail SA ........................ 1,000 73,618
Taittinger SA .......................................... 100 44,877
*Vallourec (Usines a Tubes de Lorraine Escaut et
Vallourec Reunies) ................................... 3,000 147,156
Via Banque ............................................. 1,740 105,706
------------------
TOTAL COMMON STOCKS (Cost $1,468,919) ................... 1,539,104
------------------
INVESTMENT IN CURRENCY -- (1.6%)
*French Francs (Cost $353,425) .......................... 364,625
------------------
TOTAL -- FRANCE (Cost $1,822,344) ......................... 1,903,729
------------------
SWITZERLAND -- (5.2%)
COMMON STOCKS -- (4.9%)
*Bucher Holding AG, Niederweningen ...................... 150 93,951
Credit Foncier Vaudois, Lausanne ....................... 150 113,900
Daetwyler Holding AG, Atldorf .......................... 80 132,475
Galenica Holding AG, Bern Class B ...................... 300 102,960
Grands Magasins Jelmoli SA, Zuerich .................... 150 78,507
Grands Magasins Jelmoli SA, Zuerich (Namen) ............ 500 52,338
Immuno International AG, Zuerich ....................... 250 119,048
Magazine Zum Globus, Zuerich (Namen) ................... 200 134,706
Rentsch (Walter) Holding AG, Dietlikon ................. 400 73,788
*Saurer AG, Arbon ....................................... 200 67,267
6
<PAGE> 9
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
CONTINUED
Shares Value+
------------------ ------------------
*Sibra Holding SA, Fribourg Class B ..................... 200 $ 34,320
Zuercher Ziegeleien Holding, Zuerich ................... 175 133,033
------------------
TOTAL COMMON STOCKS (Cost $1,121,580) ................... 1,136,293
------------------
INVESTMENT IN CURRENCY -- (0.3%)
*Swiss Francs (Cost $82,515) ............................ 85,088
------------------
TOTAL -- SWITZERLAND (Cost $1,204,095) .................... 1,221,381
------------------
HONG KONG -- (3.7%)
COMMON STOCKS -- (3.7%)
Allied Group, Ltd. ..................................... 656,000 42,432
Allied Properties (Hong Kong), Ltd. .................... 518,000 71,032
Associated International Hotels, Ltd. .................. 78,000 45,660
Century City International Holdings, Ltd. .............. 430,000 129,334
Far East Consortium International, Ltd. ................ 130,000 18,163
Harbour Centre Development, Ltd. ....................... 31,000 36,695
Hwa Kay Thai Holdings, Ltd. ............................ 144,000 16,021
Kwong Sang Hong International, Ltd. .................... 154,000 40,841
Lai Sun Development Co., Ltd. .......................... 428,000 52,047
Lai Sun Garment (International), Ltd. .................. 54,000 57,982
Liu Chong Hing Investment, Ltd. ........................ 82,000 70,543
Mingly Corp., Ltd. ..................................... 464,000 81,635
Pacific Concord Holding, Ltd. .......................... 402,000 78,528
Seapower Resources International, Ltd. ................. 195,000 14,884
Sincere Co., Ltd. ...................................... 62,000 11,550
Tai Sang Land Development, Ltd. ........................ 28,000 14,488
Wing On Co.International, Ltd. ......................... 76,000 80,621
------------------
TOTAL COMMON STOCKS (Cost $832,623) ..................... 862,456
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Hong Kong Dollars (Cost $2,232) ........................ 2,233
------------------
TOTAL -- HONG KONG (Cost $834,855) ........................ 864,689
------------------
NETHERLANDS -- (3.1%) .....................................
COMMON STOCKS -- (3.1%) .................................
Gamma Holding NV ....................................... 1,100 58,286
Hollandsche Beton Groep NV ............................. 1,150 191,243
Kas-Associatie NV ...................................... 1,300 43,155
NKF Holding NV ......................................... 200 26,747
*Nederlandse Vliegtuigenfabriek Fokker NV ............... 4,500 31,299
Nijverdal-Ten Cate NV, Amels ........................... 2,697 133,869
Norit NV ............................................... 10,010 129,121
Smit Internationale NV ................................. 1,750 48,688
Volker Stevin NV ....................................... 800 49,067
------------------
TOTAL COMMON STOCKS (Cost $689,936) ..................... 711,475
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Netherlands Guilder (Cost $6,488) ...................... 6,694
------------------
7
<PAGE> 10
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
CONTINUED
Shares Value+
------------------ ------------------
RIGHTS/WARRANTS -- (0.0%)
*Hollandsche Beton Groep NV Rights 06/16/95 (Cost $0) ... 1,150 $ 0
------------------
TOTAL -- NETHERLANDS (Cost $696,424) ...................... 718,169
------------------
AUSTRALIA -- (3.0%)
COMMON STOCKS -- (2.9%)
Adelaide Brighton, Ltd. ................................ 47,993 48,018
Alcan Australia, Ltd. .................................. 55,900 109,445
Awa, Ltd. .............................................. 28,500 9,847
Caltex Australia, Ltd. ................................. 26,200 80,716
Centro Properties, Ltd. ................................ 10,000 16,555
*Energy Resources of Australia, Ltd. Series A ........... 86,900 103,209
FAI Insurances, Ltd. ................................... 72,659 32,949
Memtec, Ltd. ........................................... 12,700 19,471
*Orbital Engine Corp., Ltd. ............................. 101,200 94,697
Pacific BBA, Ltd. ...................................... 16,756 32,565
*Pancontinental Mining, Ltd. ............................ 30,700 42,428
Sea World Property Trust ............................... 31,000 24,322
Wills (W.D. & H.O.) Holdings, Ltd. ..................... 41,400 69,136
------------------
TOTAL COMMON STOCKS (Cost $677,098) ..................... 683,358
------------------
INVESTMENT IN CURRENCY -- (0.1%)
*Australian Dollar (Cost $18,922) ....................... 18,931
------------------
TOTAL -- AUSTRALIA (Cost $696,020) ........................ 702,289
------------------
ITALY -- (2.5%)
COMMON STOCKS -- (2.2%)
Banco di Chiavari e della Riviera Ligure SpA, Chiavari . 10,000 21,387
*Bonifiche-Siele Finziaria SpA .......................... 2,000 43,018
Caltagirone SpA ........................................ 35,000 28,659
Ericsson SpA ........................................... 6,000 92,026
FONSPA (Credito Fondiario e Industriale Istituto per i
Finanziamenti a Medio e Lungo Termine SpA) ........... 28,000 89,484
*Falck (Acciaierie & Ferriere Lombarde) ................. 12,000 18,882
Montefibre SpA, Milano ................................. 60,000 46,599
*Premafin Finanziaria SpA ............................... 65,000 35,310
*SMI (Sta Metallurgica Italiana SpA) .................... 80,000 28,304
*Saffa SpA, Milano ...................................... 15,000 50,642
Stefanel SpA ........................................... 10,000 18,943
UNICEM (Unione Cementi Marchini Emiliane e di
Augusta-Casale) ...................................... 5,000 28,414
Zucchi (Vincenzo) SpA .................................. 3,000 13,932
------------------
TOTAL COMMON STOCKS (Cost $518,459) ..................... 515,600
------------------
INVESTMENT IN CURRENCY -- (0.3%)
*Italian Lira (Cost $54,931) ............................ 55,669
------------------
RIGHTS/WARRANTS -- (0.0%) ...............................
*UNICEM (Unione Cementi Marchini Emiliane e di Augusta
Casale) Rights 06/19/95 (Cost $0) .................... 5,000 4,595
------------------
TOTAL -- ITALY (Cost $573,390) ............................ 575,864
------------------
8
<PAGE> 11
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
CONTINUED
Shares Value+
------------------ ------------------
SWEDEN -- (2.0%)
COMMON STOCKS -- (1.8%)
*Argonaut AB Series B ................................... 14,700 $ 19,071
B & N Bylock & Nordsjoefrakt AB Series B ............... 4,600 36,122
Celsius Industrier AB Series B ......................... 6,600 96,893
*Foereningsbanken AB Series A ........................... 41,900 73,815
*Frontline AB ........................................... 7,400 18,999
ICB Shipping AB Series B ............................... 6,800 51,075
*Kloevern Foervaltnings AB Series B ..................... 27,300 16,591
Nordstroem & Thulin AB Series B ........................ 11,600 25,980
Siab AB Series A ....................................... 3,100 17,781
Stena Line AB Series B ................................. 12,200 58,313
------------------
TOTAL COMMON STOCKS (Cost $441,898) ..................... 414,640
------------------
INVESTMENT IN CURRENCY -- (0.2%)
*Swedish Krona (Cost $58,228) ........................... 57,731
------------------
TOTAL -- SWEDEN (Cost $500,126) ........................... 472,371
------------------
SPAIN -- (1.7%)
COMMON STOCKS -- (1.7%)
Banco Guipuzcoano SA ................................... 1,000 28,723
Banco Herrero .......................................... 700 41,069
Banco Pastor SA ........................................ 1,100 53,586
*Banco Zaragozano SA .................................... 2,500 38,964
Cubiertas y Mzov SA .................................... 400 28,233
Ebro Agricolas Compania de Alimentacion SA ............. 2,100 22,277
GESA (Gas y Electricidad SA) ........................... 1,400 67,287
Huarte SA .............................................. 1,900 19,845
*Inmobiliaria Urbis SA .................................. 2,900 14,198
OCP Construcciones SA .................................. 700 20,106
*Sarrio SA .............................................. 6,600 33,929
Unipapel SA ............................................ 900 24,676
------------------
TOTAL COMMON STOCKS (Cost $334,634) ..................... 392,893
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Spanish Peseta (Cost $8) ............................... 8
------------------
TOTAL -- SPAIN (Cost $334,642) ............................ 392,901
------------------
BELGIUM -- (1.3%)
COMMON STOCKS -- (1.0%)
Banque Nationale de Belgique ........................... 20 26,882
CFE (Compagnie Francois d'Entreprises) ................. 100 26,366
*Cockerill-Sambre ....................................... 24,800 160,689
Fabrique de Fer de Charleroi ........................... 10 26,366
------------------
TOTAL COMMON STOCKS (Cost $229,934) ..................... 240,303
------------------
INVESTMENT IN CURRENCY -- (0.3%)
*Belgian Francs (Cost $60,856) .......................... 62,867
------------------
TOTAL -- BELGIUM (Cost $290,790) .......................... 303,170
------------------
9
<PAGE> 12
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
CONTINUED
Shares Value+
------------------ ------------------
SINGAPORE -- (1.2%)
COMMON STOCKS -- (1.2%)
Carnaudmetalbox Asia, Ltd. ............................. 6,000 $ 21,143
Chuan Hup Holdings, Ltd. ............................... 22,000 18,828
Hai Sun Hup Group, Ltd. ................................ 20,000 11,363
Hong Kok Corp., Ltd. ................................... 13,000 18,418
Hotel Plaza, Ltd. ...................................... 31,000 21,402
*Keppel Finance, Ltd. ................................... 16,000 21,287
Metro Holdings, Ltd. ................................... 19,000 83,351
Pacific Carriers, Ltd. ................................. 23,000 22,661
Robinson & Co., Ltd. ................................... 5,000 23,373
Times Publishing, Ltd. ................................. 14,000 36,649
------------------
TOTAL COMMON STOCKS (Cost $264,019) ..................... 278,475
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Singapore Dollars (Cost $1,092) ....................... 1,095
------------------
TOTAL -- SINGAPORE (Cost $265,111) ........................ 279,570
------------------
Face
Amount
(000)
------------------
TEMPORARY CASH INVESTMENTS -- (7.8%)
Repurchase Agreement, PNC Securities Corp. 5.85%, 06/01/95
(Collateralized by U.S. Treasury Bills, 08/03/95) (Cost
$1,816,000) ............................................. $ 1,816 1,816,000
------------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $23,196,958) ....................................... $23,277,770
==================
</TABLE>
- ------
+ See Note B to Financial Statements.
*Non-Income Producing Securities
See accompanying Notes to Financial Statements
10
<PAGE> 13
DFA INVESTMENT DIMENSIONS GROUP INC.
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
STATEMENT OF ASSETS AND LIABILITIES
May 31, 1995
(Amounts in thousands, except share amounts)
ASSETS:
Investments at Value (Cost of $23,197) .................. $ 23,278
Cash .................................................... 15
Receivables
Dividends and Interest ............................... 94
Fund Shares Sold ..................................... 314
Prepaid Expenses and Other Assets ....................... 28
----------
Total Assets ......................................... 23,729
----------
LIABILITIES:
Payable for Investment Securities Purchased ............. 1,070
Accrued Expenses and Other Liabilities .................. 91
----------
Total Liabilities .................................... 1,161
----------
NET ASSETS ................................................ $ 22,568
==========
SHARES OUTSTANDING, $.01 PAR VALUE
(Authorized 100,000,000) ................................. 2,218,020
==========
NET ASSET VALUE, OFFERING AND REDEMPTION
PRICE PER SHARE .......................................... $10.17
==========
NET ASSETS CONSIST OF:
Paid-In Capital ......................................... $ 22,422
Undistributed Net Investment Income ..................... 139
Undistributed Net Realized Gain ......................... 1
Accumulated Net Realized Foreign Exchange Loss .......... (64)
Unrealized Net Foreign Exchange Loss .................... (11)
Unrealized Appreciation
of Investment Securities and Foreign Currency .......... 81
----------
Total Net Assets ..................................... $ 22,568
==========
See accompanying Notes to Financial Statements
11
<PAGE> 14
DFA INVESTMENT DIMENSIONS GROUP
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
STATEMENT OF OPERATIONS
FOR THE PERIOD DECEMBER 30, 1994 (commencement of operations) TO MAY 31, 1995
(Amounts in thousands)
Investment Income
Dividends (Net of Foreign Taxes Withheld of $19) ............ $148
Interest..................................................... 72
----
Total Investment Income................................... 220
----
Expenses
Investment Advisory Services ................................ 32
Accounting & Transfer Agent Fees ............................ 5
Custodian's Fee ............................................. 40
Legal Fees .................................................. 1
Audit Fees .................................................. 1
Shareholders' Reports ....................................... 1
Other........................................................ 1
----
Total Expenses............................................ 81
----
Net Investment Income........................................ 139
----
Net Realized and Unrealized Gain (Loss)
on Investments and Foreign Currency
Net Realized Gain on Investment Securities ..................... 1
Net Realized Loss on Foreign Currency Transactions ............. (64)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency ................. (11)
Translation of Foreign Currency Denominated Amounts ......... 81
----
Net Gain on Investment
Securities and Foreign Currency ............................ 7
----
Net Increase in Net Assets Resulting
from Operations................................................ $146
====
See accompanying Notes to Financial Statements
12
<PAGE> 15
DFA INVESTMENT DIMENSIONS GROUP INC.
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
STATEMENT OF CHANGES IN NET ASSETS
FOR THE PERIOD DECEMBER 30, 1994 (commencement of operations) TO MAY 31, 1995
(Amounts in thousands)
Increase (Decrease) in Net Assets
Operations:
Net Investment Income ........................................ $ 139
Net Realized Gain on Investment Securities ................... 1
Net Realized Loss on Foreign Currency Transactions ........... (64)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency .................. (11)
Translation of Foreign Currency Denominated Amounts ......... 81
-------
Net Increase in Net Assets Resulting from Operations ..... 146
-------
Distributions From:
Net Investment Income ........................................ -
Net Realized Gain ............................................ -
-------
Total Distributions .......................................... -
-------
Capital Share Transactions (1):
Shares Issued ................................................ 22,917
Shares Issued in Lieu of Cash Distributions .................. -
Shares Redeemed .............................................. (495)
-------
Net Increase From Capital
Share Transactions ....................................... 22,422
-------
Total Increase ........................................... 22,568
Net Assets
Beginning of Period .......................................... -
-------
End of Period ................................................ $22,568
=======
(1) Shares Issued and Redeemed:
Shares Issued .............................................. 2,261
Shares Issued in Lieu of Cash Distributions ................ -
Shares Redeemed ............................................ (43)
-------
2,218
=======
See accompanying Notes to Financial Statements
13
<PAGE> 16
DFA INVESTMENT DIMENSIONS GROUP INC.
THE DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO
FINANCIAL HIGHLIGHTS
FOR THE PERIOD DECEMBER 30, 1994 (commencement of operations) TO MAY 31, 1995
For a share outstanding throughout the period
Net Asset Value, Beginning of Period ........................... $10.00
------
Income from Investment Operations
- ---------------------------------
Net Investment Income ........................................ 0.03
Net Gains on Securities (Realized and Unrealized) ............ 0.14
------
Total from Investment Operations............................ 0.17
------
Less Distributions
- ------------------
Net Investment Income ........................................ -
Net Realized Gains -
------
Total Distributions......................................... -
------
Net Asset Value, End of Period ................................. $10.17
======
Total Return ................................................... 1.70%#
Net Assets, End of Period (thousands) .......................... $22,568
Ratio of Expenses to Average Net Assets ........................ 1.66%*(a)
Ratio of Net Investment Income to Average Net Assets ........... 2.85%*(a)
Portfolio Turnover Rate ........................................ 0.17%*
- --------------------
*Annualized
#Non-Annualized
(a) Because of commencement of operations and related preliminary transaction
costs, these ratios are not necessarily indicative of future ratios.
See accompanying Notes to Financial Statements
14
<PAGE> 17
DFA INVESTMENT DIMENSIONS GROUP INC.
NOTES TO FINANCIAL STATEMENTS
A. Organization:
At May 31, 1995, DFA Investment Dimensions Group Inc. (the "Fund")
consisted of twenty portfolios: The U.S. 9-10 Small Company Portfolio, The
U.S. 6-10 Small Company Portfolio, The U.S. Large Company Portfolio, The U.S.
Small Cap Value Portfolio, The U.S. Large Cap Value Portfolio, The DFA/AEW
Real Estate Securities Portfolio, The Japanese Small Company Portfolio, The
Pacific Rim Small Company Portfolio, The United Kingdom Small Company
Portfolio, The Emerging Markets Portfolio, The Continental Small Company
Portfolio, The Large Cap International Portfolio, The DFA International High
Book to Market Portfolio, The DFA International Small Cap Value Portfolio,
The DFA One-Year Fixed Income Portfolio, The DFA Five-Year Government
Portfolio, The DFA Global Fixed Income Portfolio, The DFA Intermediate
Government Fixed Income Portfolio, DFA Global Bond Portfolio and DFA Global
Value Portfolio. DFA Global Bond Portfolio and DFA Global Value Portfolio
are only available through a selected group of insurance products. These
financial statements relate solely to The DFA International Small Cap Value
Portfolio ("the Portfolio").
B. Significant Accounting Policies:
The following significant accounting policies are in conformity with
generally accepted accounting principles for investment companies. Such
policies are consistently followed by the Fund in preparation of its
financial statements.
1. Security Valuation: Securities held by the Portfolio which are listed on
a securities exchange are valued at the last quoted sale price. Price
information on listed securities is taken from the exchange where the
security is primarily traded. The value of securities for which quotations
are not readily available are determined in good faith at fair value using
methods determined by the Board of Directors.
2. Foreign Currency Translation: Securities, other assets and liabilities
of the Portfolio whose values are initially expressed in foreign currencies
are translated to U.S. dollars at the bid price of such currency against U.S.
dollars last quoted by a major bank. Dividend and interest income and
certain expenses are translated to U.S. dollars at the rate of exchange on
their respective accrual dates. Receivables and payables denominated in
foreign currencies are marked to market daily based on daily exchange rates
and exchange gains or losses are realized upon ultimate receipt or
disbursement.
3. Federal Income Taxes: It is the Portfolio's intention to qualify as a
regulated investment company and distribute all of its taxable income.
Accordingly, no provision for Federal taxes is required in the financial
statements.
4. Repurchase Agreements: The Portfolio may purchase money market
instruments subject to the seller's agreement to repurchase them at an agreed
upon date and price. The seller will be required on a daily basis to
maintain the value of the collateral subject to the agreement at not less
than the repurchase price (including accrued interest). The agreements are
conditioned upon the collateral being deposited under the Federal Reserve
book-entry system or with the Portfolio's custodian or a third party sub-
custodian. All repurchase agreements were entered into on May 31, 1995.
5. Other: Security transactions are accounted for on the date the securities
are purchased or sold. Costs used in determining realized gains and losses
on the sale of investment securities are those of specific securities sold.
Dividend income and distributions to shareholders are recorded on the ex-
dividend date. Interest income is recorded on the accrual basis. Discount
and premium on debt securities purchased are amortized over the lives of the
respective securities. Expenses directly attributable to the Portfolio are
directly charged. Common expenses are allocated using methods determined by
the Board of Directors.
15
<PAGE> 18
DFA INVESTMENT DIMENSIONS GROUP INC.
NOTES TO FINANCIAL STATEMENTS
C. Investment Advisor:
Dimensional Fund Advisors Inc. ("the Advisor") provides investment advisory
services to the Portfolio. For the period ended May 31, 1995, the
Portfolio's advisory fees were computed daily and paid monthly to the Advisor
based on an effective annual rate of .65 of 1%:
Certain officers of the Fund are also officers, directors and shareholders of
the Advisor.
D. Purchases and Sales of Securities:
For the period ended May 31, 1995, the Portfolio made the following purchases
and sales of investment securities other than U.S. Government Securities
(amounts in thousands):
Purchases $19,914
Sales 7
E. Investment Transactions:
At May 31, 1995, gross unrealized appreciation and depreciation for financial
reporting and federal income tax purposes of investment securities and
foreign currencies was as follows (amounts in thousands):
Gross Unrealized Appreciation $ 805
Gross Unrealized Depreciation (724)
-----
Net $ 81
=====
