QMR Q1 2017

1. QUARTERLY MARKET REVIEW
marketsummary1
world marketperformance2
world assetclasses3
us stocks4
int’l developedstocks5
emerging markets6
countryperformance7
commodities8
fixedincome9
globaldiversification10
First Quarter, 2017

2. MARKET SUMMARY
Index Returns
5.74% 6.81% 11.44% 1.44% 0.82% -0.35%
US Stock
International
Developed
Stocks
Emerging
Markets
Stocks
Global
Real
Estate
US Bond
Market
Global
Bond
Market
ex US
Avg. Quarterly Return 1.9% 1.4% 3.0% 2.7% 1.2% 1.1%
Best 16.8% 25.9% 34.7% 32.3% 4.6% 5.5%
Quarter q2 2009 q2 2009 q2 2009 q3 2009 q3 2001 q4 2008
Worst -22.8% -21.2% -27.6% -36.1% -3.0% -3.2%
Quarter q4 2008 q4 2008 q4 2008 q4 2008 q4 2016 q2 2015
Since Jan. 2001
q1 2017 stocks bonds
Past performance is not a guarantee of future results. Indices are not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio. Market segment (index representation) as follows: US Stock Market (Russell 3000 Index), International Developed
Stocks (MSCI World ex USA Index [net div.]), Emerging Markets (MSCI Emerging Markets Index [net div.]), Global Real Estate (S&P Global REIT Index), US Bond Market (Bloomberg Barclays US Aggregate Bond Index), and Global Bond ex US Market (Citigroup WGBI ex USA 1−30 Years [Hedged to USD]). The S&P
data are provided by Standard & Poor's Index Services Group. Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. MSCI data © MSCI 2016, all rights reserved. Bloomberg Barclays data provided by Bloomberg. Citigroup bond indices © 2016 by
Citigroup.

3. Jan Feb Mar
WORLD STOCK MARKET PERFORMANCE
MSCI All Country World Index
Graph Source: MSCI ACWI Index. MSCI data © MSCI 2016, all rights reserved. It is not possible to invest directly in an index.
190
200
210
220
“US Jobless
Claims
Lowest Since
March 1973”
“US Auto Sales
Set Annual
Record”
since
“Housing Starts
Jumped in
December, Capping
Best Year 2007”
“Dow Closes above
20,000 for First Time”
“World Trade
Flows Grew at
Slowest Pace
since Financial
Crisis”
“Housing
Starts Rise to
10-Year High”
“China’s Exports
Rebound Sharply
as Global
Demand Grows”
“Donald Trump Sworn
in as 45th US President”
“Latest Data
Signal Solid
Momentum
for US
Economy”
“Eurozone Business
Confidence Grows
Despite Impending
Elections”
against
-“Pound Drops to 31
Year Low
Dollar”
since
“US Trade
Deficit Last
Year Was
Widest
2012”
“Fed Raises
Interest Rates,
Remains on
Track to Keep
Tightening”
“Dow Suffers
Longest Losing
Streak since 2011”
“US Consumer
Confidence
Reaches
Highest Level
since 2000”
“Britain Sets
Historic
Brexit
Process in
Motion”

4. WORLD ASSET CLASSES
1st Quarter 2017 Index Returns
Past performance is not a guarantee of future results. Indices are not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio. The S&P data is provided by Standard & Poor's
Index Services Group. Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. MSCI data © MSCI 2016, all rights reserved. Dow Jones data (formerly Dow Jones Wilshire) provided
by Dow Jones Indices. Bloomberg Barclays data provided by Bloomberg.
6.03
13.02MSCI Emerging Markets Small Cap Index (net div.)
11.44MSCI Emerging Markets Index (net div.)
10.16MSCI Emerging Markets Value Index (net div.)
7.86MSCI All Country World ex USA Index (net div.)
7.61MSCI World ex USA Small Cap Index (net div.)
6.81MSCI World ex USA Index (net div.)
6.07S&P 500 Index
Russell 1000 Index
5.74Russell 3000 Index
5.67MSCI World ex USA Value Index (net div.)
3.62S&P Global ex US REIT Index (net div.)
3.27Russell 1000 Value Index
2.47Russell 2000 Index
0.82Bloomberg Barclays US Aggregate Bond Index
0.11One-Month US Treasury Bills
0.13-Russell 2000 Value Index
-0.27Dow Jones US Select REIT Index

5. INTERNATIONAL DEVELOPED STOCKS
Ranked returns for the 1st Quarter
Local currency US currency
Index performance does not reflect the expenses associated with the management of an actual portfolio. Market segment (index representation) as follows: Large Cap (MSCI World ex USA Index), Small Cap (MSCI World ex
USA Small Cap Index), Value (MSCI World ex USA Value Index), and Growth (MSCI World ex USA Growth). All index returns are net of withholding tax on dividends. World Market Cap represented by Russell 3000 Index,
MSCI World ex USA IMI Index, and MSCI Emerging Markets IMI Index. MSCI World ex USA IMI Index is used as the proxy for the International Developed market. MSCI data © MSCI 2016, all rights reserved.
8.04
7.61
6.81
5.67
5.66
5.00
4.46
3.34
Growth
Small Cap
Large Cap
Value

6. WORLD MARKET CAPITALIZATION
International Developed Stocks
36%International
Developed Market
$16.7 trillion
Index performance does not reflect the expenses associated with the management of an actual portfolio. Market segment (index representation) as follows: Large Cap (MSCI World ex USA Index), Small Cap (MSCI World ex
USA Small Cap Index), Value (MSCI World ex USA Value Index), and Growth (MSCI World ex USA Growth). All index returns are net of withholding tax on dividends. World Market Cap represented by Russell 3000 Index,
MSCI World ex USA IMI Index, and MSCI Emerging Markets IMI Index. MSCI World ex USA IMI Index is used as the proxy for the International Developed market. MSCI data © MSCI 2016, all rights reserved.

7. US STOCKS | RANKED RETURNS
1st Quarter
Market segment (index representation) as follows: Marketwide (Russell 3000 Index), Large Cap (S&P 500 Index), Large Cap Value (Russell 1000 Value Index), Large Cap Growth (Russell 1000 Growth Index), Small Cap (Russell 2000 Index), Small Cap
Value (Russell 2000 Value Index), and Small Cap Growth (Russell 2000 Growth Index). World Market Cap represented by Russell 3000 Index, MSCI World ex USA IMI Index, and MSCI Emerging Markets IMI Index. Russell 3000 Index is used as the
proxy for the US market. Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. The S&P data are provided by Standard & Poor's Index Services Group.
8.91
6.03
5.74
5.35
3.27
2.47
-0.13
Large Growth
Large Cap
Marketwide
Small Growth
Large Value
Small Cap
Small Value

8. WORLD MARKET CAPITALIZATION
US Stocks
53%US Market
$24.5 trillion
Market segment (index representation) as follows: Marketwide (Russell 3000 Index), Large Cap (S&P 500 Index), Large Cap Value (Russell 1000 Value Index), Large Cap Growth (Russell 1000 Growth Index), Small Cap (Russell 2000 Index), Small Cap
Value (Russell 2000 Value Index), and Small Cap Growth (Russell 2000 Growth Index). World Market Cap represented by Russell 3000 Index, MSCI World ex USA IMI Index, and MSCI Emerging Markets IMI Index. Russell 3000 Index is used as the
proxy for the US market. Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. The S&P data are provided by Standard & Poor's Index Services Group.

9. WORLD MARKET CAPITALIZATION
Emerging Market Stocks
11%Emerging
Markets
$5.1 trillion
Index performance does not reflect the expenses associated with the management of an actual portfolio. Market segment (index representation) as follows: Large Cap (MSCI Emerging Markets Index), Small Cap (MSCI Emerging Markets
Small Cap Index), Value (MSCI Emerging Markets Value Index), and Growth (MSCI Emerging Markets Growth Index). All index returns are net of withholding tax on dividends. World Market Cap represented by Russell 3000 Index,
MSCI World ex USA IMI Index, and MSCI Emerging Markets IMI Index. MSCI Emerging Markets IMI Index used as the proxy for the emerging market portion of the market. MSCI data © MSCI 2016, all rights reserved.

10. EMERGING MARKET STOCKS
Ranked returns for the Quarter
Local currency US currency
Index performance does not reflect the expenses associated with the management of an actual portfolio. Market segment (index representation) as follows: Large Cap (MSCI Emerging Markets Index), Small Cap (MSCI Emerging Markets
Small Cap Index), Value (MSCI Emerging Markets Value Index), and Growth (MSCI Emerging Markets Growth Index). All index returns are net of withholding tax on dividends. World Market Cap represented by Russell 3000 Index,
MSCI World ex USA IMI Index, and MSCI Emerging Markets IMI Index. MSCI Emerging Markets IMI Index used as the proxy for the emerging market portion of the market. MSCI data © MSCI 2016, all rights reserved.
6.50
7.76
9.09
8.96
10.16
11.44
12.80
13.02
Value
Large Cap
Growth
Small

11. SELECT COUNTRY PERFORMANCE
Ranked Developed Markets Returns
Past performance is not a guarantee of future results. Indices are not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio. Country performance based on respective indices in the MSCI
World ex US IMI Index (for developed markets), Russell 3000 Index (for US), and MSCI Emerging Markets IMI Index. All returns in USD and net of withholding tax on dividends. MSCI data © MSCI 2016, all rights reserved. Frank Russell Company is the source and
owner of the trademarks, service marks, and copyrights related to the Russell Indexes. UAE and Qatar have been reclassified as emerging markets by MSCI, effective May 2014.
5.79
14.02
13.20
12.45
11.12
10.57
9.49
8.72
8.71
8.41
8.41
8.23
7.48
7.20
6.95
6.08
5.75
5.69
5.21
4.89
4.88
2.77
0.34
Spain
Singapore
Hong Kong
Netherlands
Australia
Austria
Switzerland
Germany
Israel
Italy
Sweden
France
Portugal
Denmark
Belgium
Ireland
US
Finland
United Kingdom
Japan
New Zealand
Canada
Norway

12. SELECT COUNTRY PERFORMANCE
Ranked Emerging Markets Returns
Past performance is not a guarantee of future results. Indices are not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio. Country performance based on respective indices in the MSCI
World ex US IMI Index (for developed markets), Russell 3000 Index (for US), and MSCI Emerging Markets IMI Index. All returns in USD and net of withholding tax on dividends. MSCI data © MSCI 2016, all rights reserved. Frank Russell Company is the source and
owner of the trademarks, service marks, and copyrights related to the Russell Indexes. UAE and Qatar have been reclassified as emerging markets by MSCI, effective May 2014.
Poland
Mexico
Taiwan
Turkey
Malaysia
Thailand
Philippines
Indonesia
Czech Republic
Colombia
South Africa
United Arab Emirates
Hungary
Greece
-0.20
-0.33
- 4.32
18.85
18.46
16.02
15.91
15.53
12.83
12.58
11.17
10.00
8.95
7.46
6.16
6.09
5.95
5.50
5.02
4.49
4.14
1.90
0.80
India
Chile
Korea
China
Brazil
Peru
Egypt
Qatar
Russia

13. DISCLOSURES
Information provided by Dimensional Fund Advisors LP. Investment Advisory and Financial Planning
Services are offered through Pure Financial Advisors, Inc. A Register Investment Advisor.
This material is for information purposes only and is not intended as an offer or solicitation with respect
to the purchase or sale of any security.
Opinions expressed are subject to change without notice and are not intended as investment advice or to
predict future performance.
Consult your financial professional before making any investment decision.
Investing involves risk including the potential loss of principal. No investment strategy can guarantee a
profit or protect against loss in periods of declining values.
All information is believed to be from reliable sources; however, we make no representation as to its
completeness or accuracy.

14. COMMODITIES
Ranked Returns for Individual Commodities
Past performance is not a guarantee of future results. Index is not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio. All index returns are net of withholding tax
on dividends. Securities and commodities data provided by Bloomberg.
-0.02
-0.50
-2.27
-3.81
-6.74
-7.07
-7.85
-9.06
-9.11
-10.39
-12.31
-14.00
-17.15
15.21
13.75
8.06
7.70
7.28
5.32
5.01
1.63
1.42
Aluminum
Silver
Gold
Cotton
Zinc
Copper
Live cattle
Wheat
Corn
Coffee
Nickel
Kansas wheat
Soybean meal
Soybeans
Lean hogs
Brent oil
Soybean oil
WTI crude oil
Heating oil
Unleaded gas
Sugar
Natural gas

15. FIXED INCOME
Bond Yields Across Issuers (%)
Past performance is not a guarantee of future results. Indices are not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio. 1. Bloomberg Barclays US Corporate Bond Index. 2. Bloomberg
Barclays Municipal Bond Index. Yield curve data from Federal Reserve. State and local bonds are from the Bond Buyer Index, general obligation, 20 years to maturity, mixed quality. AAA-AA Corporates represent the Bank of America Merrill Lynch US Corporates, AA-AAA
rated. A-BBB Corporates represent the Bank of America Merrill Lynch US Corporates, BBB-A rated. Bloomberg Barclays data provided by Bloomberg. US long-term bonds, bills, inflation, and fixed income factor data © Stocks, Bonds, Bills, and Inflation (SBBI) Yearbook™,
Ibbotson Associates, Chicago (annually updated work by Roger G. Ibbotson and Rex A. Sinquefield). Citigroup bond indices © 2016 by Citigroup. The BofA Merrill Lynch Indices are used with permission; © 2016 Merrill Lynch, Pierce, Fenner & Smith Incorporated; all rights
reserved. Merrill Lynch, Pierce, Fenner & Smith Incorporated is a wholly owned subsidiary of Bank of America Corporation.
2.40 2.28
2.79
3.44
10-Year US
Treasury
Municipals AAA-AA
Corporates
A-BBB
Corporates

16. GLOBAL DIVERSIFICATION
Growth of Wealth: The Relationship between Risk & Return
$0
$30,000
$60,000
$90,000
12/1988 12/1993 12/1998 12/2003 12/2008 12/2013
Diversification does not eliminate the risk of market loss. Past performance is not a guarantee of future results. Indices are not available for direct investment. Index performance does not reflect expenses associated with the management of an actual portfolio. Asset allocations and the
hypothetical index portfolio returns are for illustrative purposes only and do not represent actual performance. Global Stocks represented by MSCI All Country World Index (gross div.) and Treasury Bills represented by US One-Month Treasury Bills. Globally diversified allocations rebal-
anced monthly, no withdrawals. Data © MSCI 2016, all rights reserved. Treasury bills © Stocks, Bonds, Bills, and Inflation Yearbook™, Ibbotson Associates, Chicago (annually updated work by Roger G. Ibbotson and Rex A. Sinquefield).
100% Stocks
75/25
50/50
25/75
100% Treasury
Bills
3/2017

17. COMMODITIES
1st Quarter 2017 Index Returns
Period Returns (%) * Annualized
Asset Class
Commodities
1 Year
8.71
3 Years*
-13.91
5 Years*
-9.54
10 Years*
-6.22
Past performance is not a guarantee of future results. Index is not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio. All index returns are net of withholding tax
on dividends. Securities and commodities data provided by Bloomberg.