UK Value Fund (GBP, Income Class)

Inception Date
14 January 2004 		SEDOL Code
3377165

The following is only a summary of the Fund. For a full description, please consult the Fund's prospectus.

The investment policy of the United Kingdom Value Fund is to purchase transferable securities of United Kingdom companies which Dimensional Ltd. deems eligible value stocks. Generally, the Fund intends to purchase a broad and diverse group of readily marketable stocks of United Kingdom companies traded principally on the London Stock Exchange or on an over-the-counter market (primarily the United Kingdom over-the-counter market) that Dimensional Ltd. determines to be value stocks. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value. In assessing value, Dimensional Ltd. may consider additional factors such as price to cash flow or price to earnings ratios, as well as economic conditions and developments in the issuer's industry. Under normal circumstances, the Fund will invest most of its net assets in securities of United Kingdom companies.

The United Kingdom Value Fund is organised under Dimensional Funds ICVC, an investment company with variable capital incorporated with limited liability and registered in England and Wales under the Open Ended Investment Companies Regulations 2001. Dimensional Funds ICVC is authorised and regulated by the Financial Services Authority.

Past performance of a fund does not necessarily indicate future performance.

The principal risks associated with an investment in this fund are market risk, equities risk, value stocks risk, portfolio turnover risk, charges to capital, and the liabilities of Dimensional Funds ICVC. An investment in this fund may also involve the risks associated with the use of when-issued and delayed-delivery securities, futures and options contracts, and convertible securities. There is no investment guarantee equivalent to deposit protection.

Prices & Performance
Date/Time Closing
Price		 Day
Return		 MtD
Return		 YtD
Return
3 July 2008/noon £11.39 -2.48% -4.72% -28.72%
         
30 June 2008/noon £12.33 0.16% -14.55% -25.19%
31 March 2008/noon £14.63 0.14% -1.81% -11.23%
31 December 2007/noon £16.68 0.00% -1.48% -9.03%
28 September 2007/noon £17.96 -1.10% -2.02% -2.05%

These Net Asset Values ("NAVs") have been prepared by the fund accounting agent. Dimensional Fund Advisors Ltd. reserves the right to restate these NAVs, if necessary, at any time.

For the help desk, call 0870-870-8058.

Returns are calculated net of all fees.
Performance data reported by Dimensional Fund Advisors Ltd. represents past performance and does not predict future performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Further, there can be no assurance that any of the Funds will achieve its investment objective.


Distributions (last 12 months)
Type Amount per Share Record Date Ex-dividend Date Payable Date Ex-dividend Price
Dividend £0.3661 6/30/2008 7/1/2008 8/29/2008 £11.660
Dividend £0.1996 12/31/2007 1/2/2008 2/28/2008 £16.590


Top 20 Holdings
As of May 31, 2008 % of Portfolio
ROYAL DUTCH SHELL PLC-B S 5.71
HSBC HOLDINGS PLC 5.11
AVIVA PLC 5.02
VODAFONE GROUP PLC 4.94
BARCLAYS PLC 4.47
HBOS PLC 4.32
LEGAL & GENERAL GROUP PLC 3.40
WM MORRISON SUPERMARKETS 3.23
ROYAL BANK OF SCOTLAND GR 3.17
STANDARD LIFE PLC 3.14
PEARSON PLC 2.55
SAINSBURY (J) PLC 2.41
CARNIVAL PLC 2.29
INTERNATIONAL POWER PLC 2.20
RSA INSURANCE GROUP PLC 2.12
XSTRATA PLC 1.90
ANGLO AMERICAN PLC 1.34
KINGFISHER PLC 1.32
REXAM PLC 1.29
ASSOCIATED BRITISH FOODS 1.27
Total 59.93


Industry Allocations
As of May 31, 2008 % of Fund
Business Equipment 0.8
Business Services 7.4
Communications 2.4
Construction 4.3
Durables 1.4
Energy 8.2
Financial 40.1
Manufacturing 4.0
Non-Durables 20.0
Other 1.5
Transportation 7.2
Utilities 2.7
Total 100.0

Industries defined by Fama/French.