The investment objective of the Trust is to provide long-term capital growth by gaining exposure to a diversified portfolio of securities listedin Australia with increased emphasis on higher expected return securities, and adjusted to take into account certain SustainabilityConsiderations.

Sustainability Considerations taken into account for the Sustainability Trusts are based on available data, either actual or estimated, and our interpretation of the data. Definitions of the metrics 'revenue', ‘carbon intensity' and ‘potential emissions from reserves' used as part of applying the Sustainability Considerations are outlined in theAdditional Information Guide under the heading ‘Data definitions’ on page 12.

Each of the Sustainability Trusts has a carbon footprint reduction goal. Specifically, the Sustainability Trusts aim to have a reduction in weighted average carbon intensity, and reduction in weighted average potential emissions from reserves, relative to a particular benchmark index (‘Carbon Footprint Reduction Goal’) as detailed in the table below. For any Sustainability Trust that invests in other funds managed by Dimensional, such as the Dimensional Sustainability World Allocation 70/30 Trust and the Dimensional Sustainability World Equity Trust, the Carbon Footprint Reduction Goal is for each of the underlying Sustainability Trusts it is invested in to meet their respective Carbon Footprint Reduction Goals. There is no guarantee that a Sustainability Trust will meet its Carbon Footprint Reduction Goal. For more information, please refer to the Carbon Footprint Reduction Goals for the Sustainability Trusts in the Additional Information Guide on page 9.

Dimensional intends to achieve the Carbon Footprint Reduction Goal for each Sustainability Trust by ranking companies at a portfolio and sector level on metrics described below. Specifically, these metrics relate to carbon emissions and are applied to increase exposure (i.e. overweighting) to companies with lower emission profiles and decrease exposure (i.e. by underweighting or excluding) to companies with higher emission profiles.

For the Sustainability Trusts that are Equity Trusts:

Portfolio level

From a portfolio level, securities of companies with higher emission profiles are treated in the following manner:

·          Generally, based on carbon intensity, the securities of the companies ranking in the worst 10% of a Sustainability Trust’s eligible universe by market value will be underweighted or excluded; and

·          Generally, based on potential emissions from reserves, the securities of the companies ranking in the worst 5% of a Sustainability Trust’s eligible universe by market value will be underweighted or excluded.

Sector level

Securities are given a Sustainability Score (defined below) and compared to sector peers. Sustainability Scores are mainly based on carbon intensity. Securities that score better against sector peers are generally overweighted and securities with worse Sustainability Scores against their peers are generally underweighted within the Sustainability Trusts. There is no pre-determined threshold for including or excluding a security based on its comparative Sustainability Score, however, securities of companies ranking in the worst 10% of their sector by market value are generally underweighted or excluded. See ‘Sustainability Scoring’ in theAdditional Information Guide on page 10 for details on the scoring methodology.

For the Sustainability Trusts that are Equity Trusts and Fixed Interest Trusts, in relation to the Carbon Footprint Reduction Goal, the above processes mean that individual securities are evaluated relative to the broad universe of securities and against sector peers rather than against strict individual sustainability targets, such as absolute maximum emissions criteria or minimum scoring criteria. Also, because the Carbon Footprint Reduction Goal is applied at the portfolio level, the Sustainability Trusts may overweight a security which has a worse Sustainability Score compared to sector peers or other eligible securities where doing so still achieves the Carbon Footprint Reduction Goal.

Inaddition to the Carbon Footprint Reduction Goal, as part of the screeningprocess the Sustainability Trusts generally exclude companies which meetcertain involvement criteria (which include revenue thresholds) in thefollowing business practices: coal, factory farming, palm oil, controversialweapons, nuclear weapons components, systems and support services, tobacco,child labour, alcohol, gambling, adult entertainment, and personal firearms.

For more details regarding Dimensional's sustainability strategies, please refer to Sustainability | Dimensional Fund Advisors.