<PAGE>
================================================================================
DFA INVESTMENT DIMENSIONS GROUP INC.
DFA GLOBAL BOND PORTFOLIO
DFA GLOBAL VALUE PORTFOLIO
Semi-Annual
Report
Period Ended May 31, 1995
(Unaudited)
================================================================================
<PAGE>
DFA INVESTMENT DIMENSIONS GROUP INC.
DFA GLOBAL BOND PORTFOLIO
DFA GLOBAL VALUE PORTFOLIO
SEMI-ANNUAL REPORT
(UNAUDITED)
TABLE OF CONTENTS
Page
--------
Statements of Net Assets
DFA Global Bond Portfolio ......... 1
DFA Global Value Portfolio ........ 2-5
Statements of Operations ............... 6
Statements of Changes in Net Assets .... 7
Financial Highlights ................... 8
Notes to Financial Statements .......... 9-11
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.
i
<PAGE>
STATEMENT OF NET ASSETS
DFA GLOBAL BOND PORTFOLIO
MAY 31, 1995
(UNAUDITED)
<TABLE>
<CAPTION>
Face
Amount@ Value+
------------------ ------------------
(000)
<S> <C> <C>
JAPAN -- (25.1%)
BONDS -- (25.1%)
Autobahnen und Schnellstrassenfinanzierungs AG 6.000%,
03/11/00 ............................................. 11,000 $151,156
Belgium (Kingdom of) 5.000%, 12/17/99 .................. 10,000 132,160
Inter-American Development Bank 6.750%, 02/20/01 ....... 12,000 172,562
SNCF (Societe Nationale des Chemins de Fer Francais)
6.750%, 03/01/00 ..................................... 12,000 169,884
World Bank (International Bank for Reconstruction and
Development) 4.500%, 06/20/00 ........................ 14,000 184,926
------------------
TOTAL BONDS (Cost $665,150) ............................. 810,688
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Japanese Yen (Cost $4) ................................. 4
------------------
TOTAL -- JAPAN (Cost $665,154) ............................ 810,692
------------------
GERMANY -- (21.2%)
BONDS -- (21.2%) ........................................
European Economic Community 6.500%, 03/10/00 ........... 400 291,113
Germany (Federal Republic of) 9.000%, 10/20/00 ......... 490 391,332
------------------
TOTAL BONDS (Cost $595,010) ............................. 682,445
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*German Marks (Cost $9) ................................. 9
------------------
TOTAL -- GERMANY (Cost $595,019) .......................... 682,454
------------------
UNITED KINGDOM -- (17.1%)
BONDS -- (17.1%) ........................................
Austria (Republic of) 10.375%, 03/29/99 ................ 75 128,215
*British Telecommunications P.L.C. 0.00%, 02/15/00 ...... 130 142,812
European Investment Bank 7.000%, 12/22/98 .............. 90 139,332
Guaranteed Export Finance Corp. P.L.C. 7.250%, 12/15/98 90 140,103
------------------
TOTAL BONDS (Cost $528,507) ............................. 550,462
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*British Pound Sterling (Cost $4) ....................... 4
------------------
TOTAL -- UNITED KINGDOM (Cost $528,511) ................... 550,466
------------------
</TABLE>
1
<PAGE>
DFA GLOBAL BOND PORTFOLIO
CONTINUED
<TABLE>
<CAPTION>
Face
Amount@ Value+
------------------ ------------------
(000)
<S> <C> <C>
U.S. TREASURY OBLIGATIONS -- (11.9%)
U.S Treasury Notes (Cost $381,407) 6.625%, 03/31/97 ...... 380 $ 384,987
------------------
AUSTRALIA -- (8.3%)
BONDS -- (8.3%)
New South Wales Treasury Corp. 12.500%, 04/01/97 ....... 170 131,840
Queensland Treasury Corp. 8.000%, 05/14/97 ............. 190 137,110
------------------
TOTAL -- AUSTRALIA (Cost $269,869) ........................ 268,950
------------------
CANADA -- (8.1%)
BONDS -- (8.1%)
British Columbia (Province of) Series BCCD-0 7.000%,
03/02/98 ............................................. 180 130,080
Canada (Government of) 6.500%, 09/01/98 ................ 185 131,847
------------------
TOTAL BONDS (Cost $240,348) ............................. 261,927
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Canadian Dollars (Cost $353) ........................... 360
------------------
TOTAL -- CANADA (Cost $240,701) ........................... 262,287
------------------
TEMPORARY CASH INVESTMENTS -- (5.0%)
Repurchase Agreement, PNC Securities Corp. 5.850%,
06/01/95 (Collateralized by U.S. Treasury Bills 5.57%,
08/03/95) (Cost $160,000) ............................ 160 160,000
------------------
TOTAL INVESTMENTS -- (96.7%) (Cost $2,840,661) ............ 3,119,836
------------------
OTHER ASSETS AND LIABILITIES -- (3.3%)
Other Assets .............................................. 150,111
Liabilities ............................................... (44,388)
------------------
105,723
------------------
NET ASSETS -- (100.0%) Applicable to 30,253 Outstanding
$.01 Par Value Shares (100,000,000 Shares Authorized) ... $3,225,559
==================
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE .. $ 106.62
==================
</TABLE>
- ------
+ See Note B to Financial Statements.
* Non-Income Producing Securities
Denominated in Local Currency
See accompanying Notes to Financial Statements
2
<PAGE>
STATEMENT OF NET ASSETS
DFA GLOBAL VALUE PORTFOLIO
MAY 31, 1995
(UNAUDITED)
<TABLE>
<CAPTION>
Shares Value+
------------------ ------------------
<S> <C> <C>
UNITED STATES -- (50.9%)
COMMON STOCKS -- (50.9%)
*AMR Corp. .............................................. 400 $ 27,300
Aetna Life & Casualty Co. .............................. 600 35,775
Ahmanson (H.F.) & Co. .................................. 600 13,650
Alexander & Baldwin, Inc. .............................. 200 4,800
Allstate Corp. ......................................... 2,400 72,300
Ambac, Inc. ............................................ 200 8,000
Amerada Hess Corp. ..................................... 500 25,375
American National Insurance Co. ........................ 100 6,350
American Premier Group, Inc. ........................... 300 7,538
Argonaut Group, Inc. ................................... 100 2,963
Asarco, Inc. ........................................... 200 5,775
Avnet, Inc. ............................................ 200 9,100
Bancorp Hawaii, Inc. ................................... 200 6,050
Bank of Boston Corp. ................................... 600 21,900
BankAmerica Corp. ...................................... 2,000 104,500
Bankers Trust New York Corp. ........................... 400 25,100
Bear Stearns Companies, Inc. ........................... 630 12,757
Boatmen's Bancshares, Inc. ............................. 600 19,575
Bowater, Inc. .......................................... 200 7,850
CIGNA Corp. ............................................ 400 29,900
*CNA Financial Corp. .................................... 300 25,650
CSX Corp. .............................................. 600 45,750
Centex Corp. ........................................... 200 5,750
Champion International Corp. ........................... 500 23,187
Chase Manhattan Corp. .................................. 1,000 46,250
Chemical Banking Corp. ................................. 1,300 59,962
Chiquita Brands International, Inc. .................... 300 3,975
*Chris-Craft Industries, Inc. ........................... 103 3,463
Cincinnati Financial Corp. ............................. 315 17,364
Citicorp ............................................... 2,100 112,350
Coca-Cola Enterprises, Inc. ............................ 700 14,963
Comdicso, Inc. ......................................... 200 6,000
Comerica, Inc. ......................................... 600 18,975
Commerce Bancshares, Inc. .............................. 200 6,250
Comsat Corp. Series 1 .................................. 300 5,850
Conrail, Inc. .......................................... 400 21,600
Consolidated Natural Gas Co. ........................... 500 19,937
Coors (Adolph) Co. Class B ............................. 200 3,450
Countrywide Credit Industries, Inc. .................... 500 9,313
Cyprus Amax Minerals Co., Inc. ......................... 500 13,250
Diamond Shamrock, Inc. ................................. 200 5,425
Dillard Department Stores, Inc. Class A ................ 600 17,250
Dole Food, Inc. ........................................ 300 8,850
Edwards (A.G.), Inc. ................................... 300 6,787
Enserch Corp. .......................................... 400 6,950
Equitable Companies, Inc. .............................. 800 16,900
Federal Paper Board Co., Inc. .......................... 200 6,500
*Federated Department Stores, Inc. ...................... 700 16,100
Fina, Inc. Class A ..................................... 200 8,275
Finova Group, Inc. ..................................... 200 7,375
First Chicago Corp. .................................... 500 28,687
First Colony Corp. ..................................... 300 7,088
First Hawaiian, Inc. ................................... 200 5,575
First of America Bank Corp. ............................ 300 10,837
Fleming Companies, Inc. ................................ 200 5,175
Ford Motor Co. ......................................... 5,000 146,250
GATX Corp. ............................................. 100 4,238
3
<PAGE>
DFA GLOBAL VALUE PORTFOLIO
CONTINUED
Shares Value+
------------------ ------------------
General Motors Corp. ................................... 4,500 $ 216,000
General Motors Corp. Class H ........................... 500 20,375
Glatfelter (P.H.) Co. .................................. 200 3,800
Golden West Financial Corp. ............................ 300 14,738
Goodrich (B.F.) Co. .................................... 100 4,963
Great Atlantic & Pacific Tea Co., Inc. ................. 200 4,975
Great Western Financial Corp. .......................... 700 15,312
Hawaiian Electric Industries, Inc. ..................... 200 7,150
Houston Industries, Inc. ............................... 700 30,188
IES Industries, Inc. ................................... 200 4,425
International Paper Co. ................................ 700 55,038
International Speciality Products, Inc. ................ 500 4,000
James River Corp. of Virginia .......................... 400 10,800
K Mart Corp. ........................................... 2,500 31,875
*Kaiser Aluminum Corp. .................................. 300 3,488
Lafarge Corp. .......................................... 300 5,738
Lincoln National Corp. ................................. 500 22,625
Loews Corp. ............................................ 300 35,662
Longs Drug Stores Corp. ................................ 100 3,513
MBIA, Inc. ............................................. 200 12,625
*Magma Copper Co. ....................................... 200 2,875
McDonnell Douglas Corp. ................................ 600 43,350
Mellon Bank Corp. ...................................... 800 34,200
Mercantile Stores Co., Inc. ............................ 200 9,375
Merrill Lynch & Co., Inc. .............................. 1,000 47,000
Michigan National Corp. ................................ 100 10,588
Midlantic Corp. ........................................ 300 11,363
Morgan (J.P.) & Co., Inc. .............................. 1,000 70,875
Morgan Stanley Group, Inc. ............................. 400 30,450
Murphy Oil Corp. ....................................... 200 8,750
NationsBank Corp. ...................................... 1,500 84,937
Norfolk Southern Corp. ................................. 700 47,950
Northrop Grumman Corp. ................................. 300 15,712
Nynex Corp. ............................................ 2,300 96,025
Occidental Petroleum Corp. ............................. 1,700 39,100
Ogden Corp. ............................................ 300 6,600
Ohio Casualty Corp. .................................... 200 6,075
Old Republic International Corp. ....................... 300 7,650
*Oryx Energy Co. ........................................ 500 7,188
Overseas Shipholding Group, Inc. ....................... 200 3,800
Paine Webber Group, Inc. ............................... 400 7,900
Panhandle Eastern Corp. ................................ 800 20,100
Pennzoil Co. ........................................... 200 9,875
Petrie Stores Corp. .................................... 300 1,838
Potlatch Corp. ......................................... 200 8,575
RJR Nabisco Holdings Corp. ............................. 1,240 35,340
Reliastar Financial Corp. .............................. 200 7,425
Republic New York Corp. ................................ 300 15,338
Ryder System, Inc. ..................................... 400 10,150
Safeco Corp. ........................................... 300 17,644
Saint Paul Companies, Inc. ............................. 500 25,437
Salomon, Inc. .......................................... 600 24,600
Smiths Food & Drug Centers, Inc. Class B ............... 100 1,937
Southern New England Telecommunications Corp. .......... 300 10,087
Springs Industries, Inc. Class A ....................... 100 3,937
Standard Federal Bancorp. .............................. 200 6,625
4
<PAGE>
DFA GLOBAL VALUE PORTFOLIO
CONTINUED
Shares Value+
------------------ ------------------
Sun Company, Inc. ...................................... 600 $ 18,900
Supervalu, Inc. ........................................ 400 11,350
TIG Holdings, Inc. ..................................... 300 7,050
Tecumseh Products Co. Class A .......................... 100 4,700
Textron, Inc. .......................................... 500 30,437
Timken Co. ............................................. 200 8,425
Travelers Group, Inc. .................................. 1,700 71,825
Tyson Foods, Inc. Class A .............................. 400 8,900
UNUM Corp. ............................................. 400 17,100
USLIFE Corp. ........................................... 100 4,025
USX-Marathon Group, Inc. ............................... 1,600 31,800
Union Bank San Francisco, CA ........................... 200 7,775
Union Pacific Corp. .................................... 1,100 60,912
Valero Energy Corp. .................................... 200 4,250
*Vons Companies, Inc. ................................... 200 4,150
WPL Holdings, Inc. ..................................... 200 5,800
Westvaco Corp. ......................................... 400 17,100
------------------
TOTAL -- UNITED STATES (Cost $2,441,096) .................. 2,830,569
------------------
JAPAN -- (15.7%)
COMMON STOCKS -- (15.7%)
Aisin Seiki Co., Ltd. .................................. 2,000 21,960
Asahi Breweries, Ltd. .................................. 2,000 24,085
Ashikaga Bank, Ltd. .................................... 3,000 22,668
Calpis Food Industry Co., Ltd. ......................... 2,000 16,057
Citizen Watch Co., Ltd. ................................ 3,000 20,224
Daikyo, Inc. ........................................... 3,000 20,366
Fuji Photo Film Co., Ltd. .............................. 1,000 23,967
Fujita Corp. ........................................... 4,000 19,599
*Hanwa Co., Ltd. ........................................ 5,000 11,924
Haseko Corp. ........................................... 3,000 16,824
Hiroshima Bank, Ltd. ................................... 2,000 12,184
Hitachi, Ltd. .......................................... 3,000 28,937
Hokkaido Takushoku Bank, Ltd., Takugin ................. 5,000 15,702
Hokuriku Bank, Ltd. .................................... 3,000 21,960
Inax Corp. ............................................. 2,000 20,803
Kurimoto, Ltd. ......................................... 2,000 20,094
Kyudenko Corp. ......................................... 2,000 26,919
Matsushita Electric Industrial Co., Ltd. ............... 2,000 30,933
Matsushita Electric Works, Ltd. ........................ 2,000 23,235
*Mitsui Fudosan Co., Ltd. ............................... 2,000 22,409
Nagase & Co., Ltd. ..................................... 2,000 19,008
Nihon Cement Co., Ltd. ................................. 3,000 21,960
Nippon Oil Co., Ltd. ................................... 3,000 19,481
Nippon Sheet Glass Co., Ltd. ........................... 4,000 19,929
Nippon Shinpan Co., Ltd. Tokyo ......................... 3,000 19,835
Nissan Motor Co., Ltd. ................................. 2,000 12,916
*Nitto Boseki Co., Ltd. ................................. 7,000 18,264
Noritz Corp. ........................................... 1,000 20,661
Pioneer Electronic Corp. ............................... 1,000 17,355
Sankyo Aluminum Industry Co., Ltd. ..................... 3,000 15,053
Sanyo Electric Co., Ltd. ............................... 4,000 20,496
Sekisui Chemical Co., Ltd. ............................. 2,000 23,471
Sekisui House, Ltd. .................................... 2,000 25,266
Shiseido Co., Ltd. ..................................... 2,000 24,321
Sony Corp. ............................................. 400 19,268
Sumitomo Corp. ......................................... 2,000 18,135
Sumitomo Realty & Development Co., Ltd. ................ 3,000 18,524
Taisei Corp. ........................................... 3,000 19,268
Teijin, Ltd. ........................................... 4,000 20,260
5
<PAGE>
DFA GLOBAL VALUE PORTFOLIO
CONTINUED
Shares Value+
------------------ ------------------
Tokyo Sowa Bank, Ltd. .................................. 4,000 $ 19,362
*Victor Co. of Japan, Ltd. .............................. 2,000 21,629
Yamaichi Securities Co., Ltd. .......................... 3,000 18,099
Yasuda Trust & Banking Co., Ltd. ....................... 3,000 22,208
------------------
TOTAL COMMON STOCKS (Cost $925,865) ..................... 875,619
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Japanese Yen (Cost $198) ............................... 197
------------------
TOTAL -- JAPAN (Cost $926,063) ............................ 875,816
------------------
UNITED KINGDOM -- (9.7%)
COMMON STOCKS -- (9.6%) .................................
Abbey National P.L.C. .................................. 4,000 30,226
Arjo Wiggins Appleton P.L.C. ........................... 5,400 22,803
Asda Group P.L.C. ...................................... 18,900 25,278
Bass P.L.C. ............................................ 2,900 26,840
British Steel P.L.C. ................................... 8,300 23,190
Burton Group P.L.C. .................................... 18,700 25,975
General Accident P.L.C. ................................ 2,500 24,567
Great Universal Stores P.L.C. .......................... 3,000 29,194
ICI (Imperial Chemical Industries P.L.C.) .............. 2,000 25,114
Ladbroke Group P.L.C. .................................. 7,400 21,498
Lasmo P.L.C. ........................................... 8,700 22,650
National Westminster Bank P.L.C. ....................... 5,352 45,753
North West Water Group P.L.C. .......................... 2,300 21,360
Pilkington P.L.C. ...................................... 7,700 22,492
Shell Transport & Trading Co. P.L.C. ................... 5,000 61,278
Sun Alliance Group P.L.C. .............................. 4,400 24,448
Telegraph P.L.C. ....................................... 3,400 21,536
Thames Water P.L.C. .................................... 2,600 21,050
Welsh Water P.L.C. ..................................... 1,900 19,455
Whitbread P.L.C. ....................................... 2,200 20,676
------------------
TOTAL COMMON STOCKS (Cost $472,667) ..................... 535,383
------------------
INVESTMENT IN CURRENCY -- (0.1%)
*British Pound Sterling (Cost $3,900) ................... 3,892
------------------
TOTAL -- UNITED KINGDOM (Cost $476,567) ................... 539,275
------------------
GERMANY -- (4.8%)
COMMON STOCKS -- (4.7%)
BASF AG ................................................ 100 21,439
BHF Bank ............................................... 100 26,754
Bayer AG ............................................... 100 24,189
Bayerische Hypotheken und Wechelsbank AG ............... 100 26,733
Bayerische Vereinsbank AG .............................. 112 32,584
Dresdner Bank AG, Frankfurt ............................ 100 27,923
Hoechst AG ............................................. 100 21,637
Siemens AG ............................................. 50 23,813
Veba AG ................................................ 50 19,040
Vereins & Westbank AG .................................. 100 23,317
Volkswagen AG .......................................... 50 14,086
------------------
TOTAL COMMON STOCKS (Cost $245,301) ..................... 261,515
------------------
INVESTMENT IN CURRENCY -- (0.1%)
*German Marks (Cost $5,307) ............................. 5,370
------------------
6
<PAGE>
DFA GLOBAL VALUE PORTFOLIO
CONTINUED
Shares Value+
------------------ ------------------
RIGHTS/WARRANTS -- (0.0%)
*Bayerische Vereinsbank AG Rights 06/01/95 (Cost $0) .... 100 $ 0
------------------
TOTAL -- GERMANY (Cost $250,608) .......................... 266,885
------------------
FRANCE -- (3.1%)
COMMON STOCKS -- (3.1%)
Alcatel Alsthom Cie Generale d'Electricite SA .......... 250 22,781
Elf Aquitaine SA ....................................... 300 24,276
Eridania Beghin-Say SA ................................. 200 30,415
Saint Louis (SLB) ...................................... 100 30,597
Societe Generale Paris ................................. 200 23,316
Sovac SA ............................................... 300 24,445
Total SA Series B ...................................... 300 18,691
------------------
TOTAL COMMON STOCKS (Cost $153,275) ..................... 174,521
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*French Francs (Cost $732) .............................. 720
------------------
TOTAL -- FRANCE (Cost $154,007) ........................... 175,241
------------------
SWITZERLAND -- (2.9%)
COMMON STOCKS -- (2.9%)
Banque Cantonale Vaudoise .............................. 50 25,311
Ciba-Geigy AG, Basel ................................... 50 35,521
Pargesa Holding SA, Geneve ............................. 25 30,245
SBV (Schweizerische Bankverein) ........................ 100 35,779
Sulzer AG, Winterthur .................................. 50 32,175
------------------
TOTAL COMMON STOCKS (Cost $148,629) ..................... 159,031
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Swiss Francs (Cost $2,891) ............................. 2,901
------------------
RIGHTS/WARRANTS -- (0.0%) ...............................
*Banque Court Vaudoise Rights 06/13/95 (Cost $0) ........ 250 1,008
------------------
TOTAL -- SWITZERLAND (Cost $151,520) ...................... 162,940
------------------
NETHERLANDS -- (2.3%)
COMMON STOCKS -- (2.3%)
ABN Amro Holding NV .................................... 600 22,687
DSM NV ................................................. 200 17,009
Fortis Amev NV ......................................... 500 27,221
Internationale Nederlanden Groep NV .................... 615 33,326
*KLM Royal Dutch Airlines NV ............................ 800 25,040
------------------
TOTAL COMMON STOCKS (Cost $109,084) ..................... 125,283
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Netherlands Guilder (Cost $1,143) ...................... 1,140
------------------
RIGHTS/WARRANTS -- (0.0%)
*ABN Amro Holding NV Rights 06/01/95 (Cost $0) .......... 600 0
------------------
TOTAL -- NETHERLANDS (Cost $110,227) ...................... 126,423
------------------
AUSTRALIA -- (1.9%)
COMMON STOCKS -- (1.9%)
News Corp., Ltd. ....................................... 11,630 61,780
Westpac Banking Corp. .................................. 11,200 41,196
------------------
TOTAL -- AUSTRALIA (Cost $80,396) ......................... 102,976
------------------
7
<PAGE>
DFA GLOBAL VALUE PORTFOLIO
CONTINUED
Shares Value+
------------------ ------------------
HONG KONG -- (1.7%)
COMMON STOCKS -- (1.7%)
Amoy Properties, Ltd. .................................. 22,000 $ 19,780
Hong Kong & Shanghai Hotels, Ltd. ...................... 17,000 22,652
Paliburg International Holdings, Ltd. .................. 36,000 24,683
Wharf Holdings, Ltd. ................................... 8,000 26,287
------------------
TOTAL COMMON STOCKS (Cost $74,072) ...................... 93,402
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Hong Kong Dollars (Cost $787) .......................... 787
------------------
TOTAL -- HONG KONG (Cost $74,859) ......................... 94,189
------------------
SINGAPORE -- (1.1%)
COMMON STOCKS -- (1.1%) .................................
*Singapore Land, Ltd. ................................... 9,000 61,812
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Singapore Dollars (Cost $3) ............................ 3
------------------
TOTAL -- SINGAPORE (Cost $50,032) ......................... 61,815
------------------
ITALY -- (1.0%)
COMMON STOCKS -- (1.0%)
Italcementi Fabbriche Riunite Cemento SpA, Bergamo ..... 5,000 33,150
*Olivetti (Ing C & C) SpA, Ivrea ........................ 25,000 24,855
------------------
TOTAL COMMON STOCKS (Cost $74,486) ...................... 58,005
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Italian Lira (Cost $15) ................................ 15
------------------
TOTAL -- ITALY (Cost $74,501) ............................. 58,020
------------------
SPAIN -- (0.9%)
COMMON STOCKS -- (0.9%)
Iberdrola SA ........................................... 3,300 22,969
Sevillana de Electricidad .............................. 4,300 24,386
------------------
TOTAL COMMON STOCKS (Cost $37,959) ...................... 47,355
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Spanish Peseta (Cost $53) .............................. 57
------------------
TOTAL -- SPAIN (Cost $38,012) ............................. 47,412
------------------
SWEDEN -- (0.8%)
COMMON STOCKS -- (0.8%)
Stora Kopparbergs Bergslags AB Series A ................ 300 18,846
Svenka Cellulosa AB Series B ........................... 1,300 23,612
------------------
TOTAL COMMON STOCKS (Cost $42,488) ...................... 42,458
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Swedish Krona (Cost $346) .............................. 348
------------------
TOTAL -- SWEDEN (Cost $42,834) ............................ 42,806
------------------
</TABLE>
8
<PAGE>
DFA GLOBAL VALUE PORTFOLIO
CONTINUED
<TABLE>
<CAPTION>
Shares Value+
-------- -------------
<S> <C> <C>
BELGIUM -- (0.7%)
COMMON STOCKS -- (0.7%)
Societe Generale de Belgique SA (Cost $33,789) ......... 500 $ 36,188
------------------
INVESTMENT IN CURRENCY -- (0.0%)
*Belgian Francs (Cost $1,438) ........................... 1,465
------------------
TOTAL -- BELGIUM (Cost $35,227) ........................... 37,653
------------------
TOTAL INVESTMENTS -- (97.5%) (Cost $4,905,949) ............ 5,422,020
------------------
OTHER ASSETS AND LIABILITIES -- (2.5%)
Other Assets ............................................ 144,116
Liabilities ............................................. (4,338)
------------------
139,778
------------------
NET ASSETS -- (100.0%) Applicable to 500,001 Outstanding
$.01 Par Value Shares (100,000,000 Shares Authorized) ... $5,561,798
===================
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE .. $ 11.12
===================
</TABLE>
- ------
+ See Note B to Financial Statements.
*Non-Income Producing Securities
See accompanying Notes to Financial Statements
9
<PAGE>
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF OPERATIONS
FOR THE PERIOD JANUARY 13, 1995 (COMMENCEMENT OF OPERATIONS) TO MAY 31, 1995
(UNAUDITED)
(AMOUNTS IN THOUSANDS)
<TABLE>
<CAPTION>
DFA Global DFA Global
Bond Value
Portfolio Portfolio
-------------- --------------
<S> <C> <C>
Investment Income
Dividends (Net of Foreign Taxes Withheld of $0 and $4, respectively) $ -- $ 65
Interest ............................................................ 83 7
-------------- --------------
Total Investment Income ............................................ 83 72
-------------- --------------
Expenses
Investment Advisory Services ........................................ 3 7
Accounting & Transfer Agent Fees .................................... 1 1
Custodians' Fees .................................................... 1 6
Legal Fees .......................................................... 1 1
Audit Fees .......................................................... 1 1
Other ............................................................... 1 1
-------------- --------------
Total Expenses ..................................................... 8 17
-------------- --------------
Net Investment Income ............................................... 75 55
-------------- --------------
Net Realized and Unrealized Gain (Loss)
on Investments and Foreign Currency
Net Realized Gain on Investment Securities ............................ 14 3
Net Realized Loss on Foreign Currency Transactions .................... (102) (12)
Change in Unrealized Appreciation (Depreciation) of:
Investment Securities and Foreign Currency .......................... 279 516
Translation of Foreign Currency Denominated Amounts ................. (40) --
-------------- --------------
Net Gain on Investment Securities and Foreign Currency ........... 151 507
-------------- --------------
Net Increase in Net Assets Resulting from Operations .................. $ 226 $562
============== ==============
</TABLE>
See accompanying Notes to Financial Statements
10
<PAGE>
DFA INVESTMENT DIMENSIONS GROUP INC.
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE PERIOD JANUARY 13, 1995 (COMMENCEMENT OF OPERATIONS) TO MAY 31, 1995
(UNAUDITED)
(AMOUNTS IN THOUSANDS)
<TABLE>
<CAPTION>
DFA Global DFA Global
Bond Value
Portfolio Portfolio
------------ ------------
<S> <C> <C>
Increase (Decrease) in Net Assets
Operations:
Net Investment Income ......................... $ 75 $ 55
Net Realized Gain on Investment Securities .... 14 3
Net Realized Loss on Foreign Currency
Transactions ................................ (102) (12)
Change in Unrealized Appreciation
(Depreciation) of:
Investment Securities and Foreign Currency .. 279 516
Translation of Foreign Currency Denominated
Amounts .................................. (40) --
------------ ------------
Net Increase in Net Assets Resulting from
Operations ............................. 226 562
------------ ------------
Distributions From:
Net Investment Income ......................... (26) --
------------ ------------
Capital Share Transactions (1):
Shares Issued ................................. 3,235 5,000
Shares Issued in Lieu of Cash Distributions ... 26 --
Shares Redeemed ............................... (235) --
------------ ------------
Net Increase From Capital Share
Transactions ........................... 3,026 5,000
------------ ------------
Total Increase ........................... 3,226 5,562
Net Assets
Beginning of Period ........................... -- --
------------ ------------
End of Period ................................. $3,226 $5,562
============ ============
(1) Shares Issued and Redeemed:
Shares Issued ................................. 32 500
Shares Issued in Lieu of Cash Distributions ... -- --
Shares Redeemed ............................... (2) --
------------ ------------
30 500
============ ============
</TABLE>
See accompanying Notes to Financial Statements
11
<PAGE>
DFA INVESTMENT DIMENSIONS GROUP INC.
FINANCIAL HIGHLIGHTS
FOR THE PERIOD JANUARY 13, 1995 (COMMENCEMENT OF OPERATIONS) TO MAY 31, 1995
(UNAUDITED)
FOR A SHARE OUTSTANDING THROUGHOUT THE PERIOD
<TABLE>
<CAPTION>
DFA Global DFA Global
Bond Value
Portfolio Portfolio
------------ ------------
<S> <C> <C>
Net Asset Value, Beginning of Period ................ $ 100.00 $ 10.00
------------ ------------
Income from Investment Operations
Net Investment Income .......................... 2.47 0.09
Net Gains on Securities (Realized and
Unrealized) .................................. 5.00 1.03
------------ ------------
Total from Investment Operations .......... 7.47 1.12
------------ ------------
Less Distributions
Net Investment Income .......................... (0.85) --
------------ ------------
Net Asset Value, End of Period ...................... $ 106.62 $ 11.12
============ ============
Total Return ........................................ 7.52%# 11.20%#
Net Assets, End of Period (thousands) ............... $ 3,226 $ 5,562
Ratio of Expenses to Average Net Assets ............. 0.68%*(a) 0.88%*(a)
Ratio of Net Investment Income to Average Net Assets 6.33%*(a) 2.82%*(a)
Portfolio Turnover Rate ............................. 60.92%* 1.72%*
</TABLE>
- ------
*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
12
<PAGE>
DFA INVESTMENT DIMENSIONS GROUP INC.
NOTES TO FINANCIAL STATEMENTS
(UNAUDITED)
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 Global Bond and DFA Global
Value Portfolios (the "Portfolios").
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 DFA Global Bond Portfolio are
valued on the basis of prices provided by a pricing service when such prices
are believed to reflect the fair market value of such securities. U.S.
denominated securities held by DFA Global Value Portfolio which are listed on
a securities exchange are valued at the last quoted sale price of the day, or
if there is no such reported sale, at the mean of the most recent bid and
asked prices. Price information on listed securities is taken from the
exchange where the security is primarily traded. Unlisted securities for
which market quotations are readily available are valued at the mean between
the most recent bid and asked prices. International securities held by DFA
Global Value Portfolio which are listed on a securities exchange are valued
at the last quoted sale price. Securities of the Portfolios for which
quotations are not readily available are valued in good faith at fair value
using methods determined by the Board of Directors.
2. Foreign Currency: Securities, other assets and liabilities of the
Portfolios 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.
DFA Global Bond Portfolio also enters into forward foreign currency contracts
solely for the purpose of hedging against fluctuations in currency exchange
rates. These contracts are also market to market daily based on daily
exchange rates.
DFA Global Value Portfolio does not generally isolate the effect of
fluctuations in foreign exchange rates from the effect of fluctuations in the
market prices of securities held whether realized or unrealized. DFA Global
Bond Portfolio does isolate the effect of fluctuations in foreign currency
rates when determining the gain or loss upon the sale or maturity of foreign
currency denominated debt obligations pursuant to U.S. Federal income tax
regulations; such amounts are categorized as foreign exchange gain or loss
for both financial reporting and income tax reporting purposes.
Realized gains or losses on foregin currency transactions represent net
foreign exchange gains or losses from the disposition of foreign currencies,
currency gains or losses realized between the trade and settlement dates on
securities transactions, and between amounts of interest, dividends and
foreign withholding taxes recorded on the books of the Portfolios and the
U.S. dollar equivalent amounts actually received or paid.
13
<PAGE>
3. Federal Income Taxes: It is the Portfolios' 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. 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 securities purchased are amortized over the
lives of the respective securities. Expenses directly attributable a
Portfolio are directly charged. Common expenses are allocated using methods
determined by the Board of Directors.
C. INVESTMENT ADVISOR:
Dimensional Fund Advisors Inc. (the "Advisor") provides investment
advisory services to the Portfolios. For the period ended May 31, 1995, the
Portfolios advisory fees were computed daily and paid monthly to the Advisor
based on the following effective annual rates of:
DFA Global Bond Portfolio .... .25 of 1%
DFA Global Value Portfolio ... .35 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 Portfolios made the following
purchases and sales of investment securities:
U.S. Government Other Investment
Securities Securities
---------------------- ----------------------
Purchases Sales Purchases Sales
----------- ------- ----------- -------
(000) (000) (000) (000)
DFA Global Bond Portfolio $869 $493 $2,662 $264
DFA Global Value Portfolio -- -- 4,923 37
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:
DFA Global DFA Global
Bond Portfolio Value Portfolio
-------------- ---------------
(000) (000)
Gross Unrealized Appreciation $280 $ 617
Gross Unrealized Depreciation (1) (101)
-------------- ---------------
Net .......................... $279 $ 516
============== ===============
F. FINANCIAL INSTRUMENTS:
In accordance with the Portfolios' Investment Objectives and Policies, the
Portfolios may invest in certain financial instruments which have off-balance
sheet risk and concentrations of credit risk. These instruments and their
significant corresponding risks are described below:
1. Repurchase Agreements. The Portfolios 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
14
<PAGE>
repurchase price (including accrued interest). The agreements are conditioned
upon the collateral being deposited under the Federal Reserve book-entry
system or with the Fund's custodian or a third party sub-custodian. All
repurchase agreements were entered into on May 31, 1995.
2. Forward Foreign Currency Contracts: DFA Global Bond Portfolio may enter
into forward foreign currency contracts to hedge against adverse changes in
the relationship of the U.S. dollar to foreign currencies. At May 31, 1995,
DFA Global Bond Portfolio had entered into the following contracts and the
related net unrealized loss is reflected in the accompanying financial
statements:
<TABLE>
<CAPTION>
Unrealized
Foreign
Expiration Contract Value at Exchange Gain
Date Currency Sold Amount May 31, 1995 (Loss)
------------ -------------------------------- ------------ -------------- ---------------
<S> <C> <C> <C> <C>
06/22/95 349,040 British Pound Sterling $ 548,726 $ 554,913 $ (6,187)
06/22/95 981,873 German Marks 683,518 696,410 (12,892)
06/22/95 374,748 Australian Dollar 272,405 269,617 2,788
06/23/95 363,100 Canadian Dollar 265,968 265,195 773
06/26/95 56,176,340 Japanese Yen 643,486 665,335 (21,849)
06/30/95 12,893,833 Japanese Yen 148,462 152,425 (3,963)
------------ -------------- ---------------
Totals $2,562,565 $2,603,895 $(41,330)
============ ============== ===============
</TABLE>
Risks may arise upon entering into these contracts from the potential
inability of counterparties to meet the terms of their contracts and from
unanticipated movements in the value of foreign currency relative to the U.S.
dollar. DFA Global Bond Portfolio will enter into forward contracts only for
hedging purposes.
G. COMPONENTS OF NET ASSETS:
<TABLE>
<CAPTION>
At May 31, 1995 Net Assets
Consist of:
---------------------------------
(Amounts in thousands)
DFA Global DFA Global
Bond Portfolio Value Portfolio
-------------- ---------------
<S> <C> <C>
Paid-In Capital ....................................... $3,026 $5,000
Undistributed Net Investment Income ................... 49 55
Undistributed Net Realized Gain ....................... 14 3
Accumulated Net Realized Foreign Exchange Loss ........ (102) (12)
Unrealized Appreciation (Depreciation) of Investment
Securities and Foreign Currency ...................... 279 516
Unrealized Net Foreign Exchange Loss .................. (40) --
-------------- ---------------
$3,226 $5,562
============== ===============
</TABLE>
15
