Remuneration Policy Summary

Dimensional Ireland Limited

March 10, 2021

1. Introduction

In accordance with the European Communities (Undertakings for Collective Investment in Transferable Securities (“UCITS”)) Regulations 2011, as amended (the “UCITS Regulations”) and European Securities and Markets Authority’s Guidelines on Sound Remuneration Policies under the UCITS Directive (the “ESMA Guidelines”), Dimensional Ireland Limited (the “Company”) is required to have remuneration policies and practices for certain staff (“Identified Staff”) whose professional activities have a material impact on the risk profiles of the Company or any of the UCITS it manages (the “Funds”).



2. Policy Framework

The remuneration policies and practices of the Company (the “Policy”) have been designed to be in a manner that (i) are consistent with, and promote, sound and effective risk management and (ii) neither encourage risk taking which is inconsistent with the policies, risk profiles or articles of association of the Company and any Funds it manages nor impair compliance with the Company’s duty to act in the best interests of those Funds.

When determining remuneration, the Company considers several factors, including, but not limited to, the market rate, qualifications and experience and the relative value of the position within the Company. Remuneration is tailored to promote integrity and soundness in the Company with a focus on long term interests.


3. Application of the Policy

The Policy applies to Identified Staff, being those whose professional activities have a material impact on the risk profile of the Company or of the Funds (if any). The Company currently has employees, a board of directors (each, a “Director” and collectively, the “Board”), including an organisational effectiveness director (the “OE Director”), designated persons (each, a “Designated Person” and collectively, the “Designated Persons”) and a money-laundering reporting officer (“MLRO”). The Board is responsible for overseeing the Company’s remuneration practices.

The Directors (not including the OE Director) and the MLRO do not receive remuneration from the Company in their capacity as Directors or MLRO (as applicable) and are therefore not subject to the remuneration provisions of the Policy in their capacity as Directors or MLRO (as applicable).

The Head of Office and the other Identified Staff of the Company (including Designated Persons) may receive remuneration from the Company.  These Identified Staff may receive remuneration in the form of fixed compensation and discretionary bonuses as well as other forms of remuneration in such capacity and are therefore subject to the remuneration provisions of the Company’s policy.

The independent member of the Board who is the OE Director receives a fixed fee only and does not receive performance-based or variable remuneration, which should limit any potential conflict of interest.

The Company does not pay any variable remuneration to any of its Directors (including the OE Director) or the MLRO in their capacity as Directors or MLRO (as applicable).

The Company may however pay variable remuneration (including discretionary bonus awards as well as other forms of remuneration) to the Head of Office (who may also be a Designated Person) and the other Identified Staff of the Company (who may also be Designated Persons).

The Company is required to comply with Article 5 of Regulation (EU) 2019/2088 on Sustainability‐related Disclosures in the Financial Services Sector (the “Disclosure Regulation”) which requires the inclusion in its remuneration policy of information on how there is consistency with the integration of sustainability risks.

The structure of remuneration is not considered to encourage excessive risk‐taking with respect to sustainability risks. It is not considered that there is any conflict of interest or pursuit of less sustainable opportunities with the goal of increasing compensation payable to any Director (acting in that capacity) or MLRO of the Company.

In respect of any variable element of remuneration payable to relevant Identified Staff, the Identified Staff are evaluated (among other considerations) on their ability to maintain compliance with applicable laws, regulations and policies, including compliance with the Company’s Sustainability Risks Integration Policy.


4. Compensation Committee

The Company does not consider that its size, the size of any Funds it may manage, the complexity of its internal organisation or the nature, scope and complexity of its activities are such that it must establish its own remuneration committee according to the rules of the Central Bank of Ireland.



5. Review

On an annual basis, the Company’s Designated Person for Regulatory Compliance shall either confirm that there has been no material change to the Policy or provide details of the changes to the Board. The Policy will be reviewed by the Board annually and the Board is responsible for, and oversees, its implementation in line with the UCITS Regulations.


 

Disclosure

Issued by Dimensional Ireland Limited (DIL), with registered office 10 Earlsfort Terrace, Dublin 2, D02 T380, Ireland. DIL is regulated by the Central Bank of Ireland (Registration No. C185067).

DIL does not give financial advice. You are responsible for deciding whether an investment is suitable for your personal circumstances, and we recommend that a financial adviser helps you with that decision.

The information in this material is intended for the recipient’s background information and use only. It is provided in good faith and without any warranty or, representation as to accuracy or completeness. Information and opinions presented in this material have been obtained or derived from sources believed by DIL to be reliable and DIL has reasonable grounds to believe that all factual information herein is true as at the date of this document. It does not constitute investment advice, recommendation, or an offer of any services or products for sale and is not intended to provide a sufficient basis on which to make an investment decision. It is the responsibility of any persons wishing to make a purchase to inform themselves of and observe all applicable laws and regulations. Unauthorised reproduction or transmitting of this material is strictly prohibited. DIL does not accept responsibility for loss arising from the use of the information contained herein.

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“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.

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