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Active Global Real Estate Securities Manager (August 11, 2021, Regular Retirement Board Meeting)

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Active Global Real Estate Securities Manager (August 11, 2021, Regular Retirement Board Meeting) Item No. 10: Annual Presentation by Dimensional Fund Advisors – Active Global Real Estate Securities Manager (August 11, 2021, Regular Retirement Board Meeting) INVESTMENT MANAGER SUMMARY MANAGEMENT Firm Name Dimensional Fund Advisors (DFA) Manager Tenure with Fund 8.5 Years Investment Strategy/Vehicle Global Real Estate Securities Contract Expiration 2/28/2022 ASSETS Total Firm AUM $ 660.0 Billion Total Firm Assets in Strategy $ 11.0 Billion RP - $ 33.0 Million Total Assets Managed for the Plan HP - $ 8.3 Million As of 06/30/2021 PERFORMANCE As of 06/30/2021 1-Year 3-Year 5-Year ITD¹ DFA Global Real Estate (gross) 32.76% 9.95% 6.76% 7.75% DFA Global Real Estate (net) 32.45% 9.69% 6.51% 7.46% FTSE EPRA/NAREIT Developed Index 34.83% 7.39% 5.97% 6.38% Difference (net) -2.38% 2.30% 0.53% 1.08% ¹ Inception to date 03/31/2013 FEES Current Fee 0.24% Net Expense Ratio WATCH STATUS N/A PREVIOUSLY DISCLOSED LITIGATION N/A 10 Los Angeles Water and Power Employees’ Retirement Plan August 11, 2021 Ted Simpson, CFA, Regional Director and Vice President Patrick Brown, CFA, Portfolio Manager This information is provided for registered investment advisors and institutional investors and is not intended for public use. This information is not meant to constitute investment advice, a recommendation of any securities product or investment strategy (including account type), or an offer of any services or products for sale, nor is it intended to provide a sufficient basis on which to make an investment decision. Investors should consult with a financial professional regarding their individual circumstances before making investment decisions. Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission. Consider the investment objectives, risks, and charges and expenses of the Dimensional funds carefully before investing. For this and other information about the Dimensional funds, please read the prospectus carefully before investing. Prospectuses are available by calling Dimensional Fund Advisors collect at (512) 306-7400 or at us.dimensional.com/prospectus. Dimensional funds are distributed by DFA Securities LLC. MKT11360-0820 Agenda • Section A: Dimensional Overview • Section B: Investment Process and Discipline • Section C: Market Overview • Section D: Performance Review • Section E: Portfolio Review and Characteristics • Section F: Fee Schedule • Appendix Section A: Dimensional Overview Dimensional at a Glance As of June 30, 2021 40 $660B 1,400+ One Years Since Global Assets Employees Globally Investment Founding Under Management in 13 Offices Philosophy Assets in US dollars. “Dimensional” refers to the Dimensional separate but affiliated entities generally, rather than to one particular entity. These entities are Dimensional Fund Advisors LP, Dimensional Fund Advisors Ltd., Dimensional Ireland Limited, DFA Australia Limited, Dimensional Fund Advisors Canada ULC, Dimensional Fund Advisors Pte. Ltd., Dimensional Japan Ltd., and Dimensional Hong Kong Limited. Dimensional Hong Kong Limited is licensed by the Securities and Futures Commission to conduct Type 1 (dealing in securities) regulated activities only and does not provide asset management services. 4 #67118-0219 Dimensional Global Investment Solutions $660 billion in global AUM as of June 30, 2021 US Developed Emerging Global Fixed Other Equity ex US Equity Markets Equity Equity Income 6.8% 37.6% 17.1% 11.5% 9.1% 18.0% (in billions) US Equity $248.1 Developed ex US Equity $112.6 Global Equity $59.7 All Cap Core $95.8 All Cap Core $49.8 All Cap/Large Cap $50.4 All Cap Value $8.0 All Cap Value $1.5 Value $7.1 Growth $3.8 Growth $0.9 Small/SMID Cap $2.3 Large Cap $32.8 Large Cap $10.8 Large Cap Value $32.8 Large Cap Value $16.9 Fixed Income $118.5 SMID Cap Value $21.5 Small Cap $19.1 US $53.0 Small Cap $27.2 Small Cap Value $13.7 US Tax-Exempt $8.5 Small Cap Value $18.2 Non-US and Global $47.8 Micro Cap $7.9 Emerging Markets Equity $75.9 Inflation-Protected $9.2 All Cap Core $37.1 Value $23.8 Other $44.8 Large Cap $9.1 Real Estate $25.5 Small Cap $5.8 Commodities $1.6 Global Allocation $16.7 Target Date $1.1 “Dimensional” refers to the Dimensional separate but affiliated entities generally, rather than to one particular entity. These entities are Dimensional Fund Advisors LP, Dimensional Fund Advisors Ltd., Dimensional Ireland Limited, DFA Australia Limited, Dimensional Fund Advisors Canada ULC, Dimensional Fund Advisors Pte. Ltd., Dimensional Japan Ltd., and Dimensional Hong Kong Limited. Dimensional Hong Kong Limited is licensed by the Securities and Futures Commission to conduct Type 1 (dealing in securities) regulated activities only and does not provide asset management services. All assets in US dollars. Numbers may not total 100% due to rounding. 5 #17624-1011 Experienced Teams Help Ensure Consistency David Booth,1 Founder and Executive Chairman Gerard O’Reilly,1 Co-Chief Executive Officer, Chief Investment Officer, and Dimensional Director Global Equity Portfolio Management Portfolio Management Trading Jed Fogdall,1 Global Head of Portfolio Management Senior Portfolio Managers: Ryan Wiley,1 Global Head of Equity Trading Robert Deere,1 Senior Investment Director Ashish Bhagwanjee, Joseph Chi, Jason Lapping, Head of International Equity Trading William Collins-Dean, Emily Cornell, Paul Foley, Nathan Lacaze, Co-CEO, Dimensional Fund Advisors Kotaro Hama, John Hertzer, Joe Hohn, Ltd. and Head of EMEA Portfolio Management Arun Keswani, Marc Corona Leblond, Robert Ness, Mary Phillips,1 Deputy Head of Portfolio Management, Slava Platkov, Jim Whittington, Brian Walsh, North America Ethan Wren 1 Global Equity Trading Allen Pu, Deputy Head of Portfolio Management, Portfolio Managers: North America Casey Baum, Patrick Brown, Juno Chen, Rita Chen, Senior Traders: Joel Schneider,1 Deputy Head of Portfolio Murray Cockerell, Gavin Crabb, Damian Dormer, Mark Butterworth, Christian Gunther, Management, North America Krati Gupta, Rob Harvey, Taha Hasnain, Christine Ivanick, Christopher Rink, Le Tran, Bhanu Singh, Head of Asia Pacific Portfolio Simon Johnson, Jake Jolly, Matt Lovell, Scott Van Pelt, Sam Willis, David Vrolyk Management and Director Brendan McAndrews, Leslie Olsovsky, Ross Orlando, Mark Schilder, Patrick Southern, Traders: Nicole Hunter, Head of Capital Markets Andres Torres, Adam Ward, Daniel Weidman, William Letheren, Erhan Oktay, James Simpson, Fixed Income Craig Wright, Eliot Zalevsky Jonathan Smith, Hayato Yonemori Portfolio Management Associate Portfolio Managers: Mariano Aveledo, Julian Aziz, Stephen Bergauer, David Plecha,1 Global Head of Fixed Income Elliott Carson, Adam de Koning, Sinisa Dukic, Joel Kim, CEO, Dimensional Fund Advisors Pte. Ltd. Andrew Farber, Scott Katzbeck, Brendan Mahon, Fixed Income Trading and Head of Fixed Income, International Derryn Manwaring, Bruce McNair, Alex O’Brien, Chetan Panda, Misa Takada, Kristina Vaught, David LaRusso, Head of Fixed Income Trading Joseph Kolerich,1 Head of Fixed Income, Americas Alex Wallach, Jason Wang, Peter Weicher Claudette Higdon, Senior Trader Senior Portfolio Managers: Kipp Cummins, Alexander Fridman, Kotaro Hama, Robert Richardson, Senior Trader Alan Hutchison, Travis Meldau, David Shao Polly Weiss, Senior Trader Portfolio Managers: Odin Costa, Trader Ryan Haselton, Lacey Huebel, Gillian Wilson, Timo Zauner Elizabeth Van Pelt, Trader Associate Portfolio Managers: Alex Degernes, Shawn Doty, Archit Soni As of June 30, 2021. 1. Investment Committee Member. "Dimensional Director" refers to a member of the Board of Directors of the general partner of Dimensional Fund Advisors LP. See disclosures in the appendix for information on the Dimensional entities. 6 PUG7365-0721 Dimensional Fund Advisors and Affiliates Global Organizational Leadership EXECUTIVE DIMENSIONAL DIRECTORS David G. Booth,1 Founder and Executive Chairman David G. Booth,1 Executive Kenneth R. French, Consultant David P. Butler,1 Co-Chief Executive Officer and Chairman John A. McQuown Dimensional Director David P. Butler1 Gerard K. O’Reilly1 Gerard K. O’Reilly,1 Co-Chief Executive Officer, Eugene F. Fama, Nobel laureate Chief Investment Officer, and Dimensional Director and Consultant Stephen A. Clark1 President of Dimensional International INVESTMENT PROFESSIONALS SALES AND CLIENT SERVICE CORPORATE AFFILIATES RESEARCH Mark Gochnour COMPLIANCE AND RISK MANAGEMENT DIMENSIONAL FUND ADVISORS LTD. Gerard K. O’Reilly1 Head of Global Client Services Group Selwyn Notelovitz (LONDON) Global Chief Compliance Officer Co-Chief Executive Officer, Chief Investment Officer, David R. Jones Nathan Lacaze and Dimensional Director Head of Financial Advisor Services, EMEA FINANCIAL/ACCOUNTING SERVICES Co-Chief Executive Officer and Peter Dillard Kevin Kandasamy Bernie Grzelak Head of EMEA Portfolio Management Chief Data Officer Head of Institutional, Australia Chief Financial Officer John S. Romiza and Head of Investment Analytics and Data Nathan Krieger Co-Chief Executive Officer Savina Rizova1 Head of Financial Advisor Services, Australia HUMAN RESOURCES Global Head of Research Aaron Marcus DFA AUSTRALIA LIMITED Bryce Skaff Global Head of Human Resources (SYDNEY) INVESTMENT SOLUTIONS Co-Head of Global Client Group J. Glenn Crane Marlena Lee Bradley G. Steiman INVESTMENT OPERATIONS Chairman and Chief Executive Officer Global Head of Investment Solutions Director and Head of Canadian Financial Advisor Richard A. Eustice PORTFOLIO MANAGEMENT AND TRADING Services Global Head of Investment Operations DIMENSIONAL FUND ADVISORS
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