LHA and Dimensional Funds

Dimensional Fund Advisor's tactics are based on the evidence derived from decades of collective academic inquiry indicating that: (1) markets are largely efficient, (2) investors can be expected to be compensated for the market risk they accept, and (3) cost control is a critical factor in investment outcomes.

Dimensional may well be one of the most progressive mutual fund families you've never heard of. The firm was founded in 1981 by David Booth and Rex Sinquefield in modest surrounds but has thrived on the energy of forward-thinking collaboration. Today, it is a firm with a global reach and more than $200 billion under management (as of June 30, 2011).

Dimensional has achieved its growth in many respects by staying the same — by remaining true to its original vision:

Academic Influences

Dimensional remains at the forefront of advancing the science behind capital markets. Board members include financial and economic luminariessuch asprofessors Eugene Fama(University of Chicago), Kenneth French (Dartmouth College), Roger Ibbotson (Yale University), Donald Keim(University of Pennsylvania), and Myron Scholes (Stanford University).

Structured Investing

Based on the science of investing, Dimensional believes that markets are "efficient," and that investors may be best served through passive, structured portfolios.Rather than trying to out-research other players in the market, a passive investor looks to asset class diversification to manage uncertainty and position for long-term growth in capital markets.

Active management strategies such as security selection and market timing cannot consistently add value, particularly after factoring in the additional costs involved. However, as applied by Dimensional, passive management does not mean simply managing conventional index funds.Their point of distinction is their leadership in tracking identified asset classes directly. This enables more structured investing, as well as enhanced cost efficiencies through strategies such as block trading, and avoiding the costly trading mandates involvedin tracking conventional indexes.

Advisor-Guided Management

Dimensional does not offer funds directly to individual investors; only through a select group of fee-only advisors who are qualified to construct portfolios consistent with these same sound principles.We are proud to be among the subset of firms with access to Dimensional's funds. That said, we remain an independent firm, with our highest obligation to serve our investor clients' best interests.