The expense ratio is the price you pay to be in the fund. A fund with an expense ratio of .31% means you pay $3.10 for every $1,000 you have invested in the fund, and you pay this on a yearly basis, too. The expense ratio is rolled into the price of the fund, you do not see it come out of your account like you do our management fee.
Depending on your investment portfolio selection, those funds are titled US Core Equity 1, US Core Equity 2, US Vector Equity, International Core Equity 1, International Vector Equity, and Emerging Markets Core Equity. I encourage you to read page 2 – there I highlighted some text explaining why we use them and how they are designed.
2018 Global Allocation Funds Brochure is for those of you with All-In-One funds in your investment account. These funds go by the names DFA Global Equity, DFA Global Allocation 60 / 40, and DFA Global Allocation 25 / 75. Pages 2 & 3 dive into how these funds are constructed and how they are managed behind the scenes.