AMENDED AND RESTATED FEE WAIVER AGREEMENT AND/OR EXPENSE ASSUMPTION AGREEMENT FOR DIMENSIONAL INVESTMENT GROUP INC.
EX-28.h.8
AMENDED AND RESTATED FEE WAIVER AGREEMENT AND/OR EXPENSE ASSUMPTION AGREEMENT FOR DIMENSIONAL INVESTMENT GROUP INC.
AMENDED AND RESTATED FEE WAIVER AND/OR EXPENSE ASSUMPTION AGREEMENT, made this 19th day of December, 2023, between Dimensional
Investment Group Inc., a Maryland corporation (the “Fund”), on behalf of certain portfolios of the Fund, as identified below (each a “Portfolio,” and together, the “Portfolios”), and Dimensional Fund
Advisors LP, a Delaware limited partnership (“Dimensional”), amending and restating certain waiver agreements previously entered into by the Fund and Dimensional.
WHEREAS, Dimensional has entered into Investment Management Agreements with the Fund, on behalf of the Portfolios, pursuant to which Dimensional provides various services to the
Portfolios, and for which Dimensional is compensated based on the average net assets of such Portfolios; and
WHEREAS, the Fund and Dimensional have determined that it is appropriate and in the best interests of each Portfolio and its shareholders to limit the fees and, as applicable,
expenses of the Portfolios of the Fund as described below;
NOW, THEREFORE, the parties hereto agree as follows:
| 1. |
Fee Waiver by Dimensional.
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Dimensional agrees to waive all or a portion of each Portfolio’s management fee to the extent necessary to limit the total management fees paid to Dimensional by a Portfolio,
including the proportionate share of the management fees a Portfolio pays indirectly through its investment in other funds managed by Dimensional, except for the fees paid indirectly through its investment of securities lending cash collateral in The
DFA Short Term Investment Fund, to the following rates listed below for each Portfolio:
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Portfolio
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Total Management Fee
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U.S. Large Cap Value Portfolio III
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0.11%
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DFA International Value Portfolio
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0.25%
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DFA International Value Portfolio III
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0.21%
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Emerging Markets Portfolio II
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0.25%
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| 2. |
Fee Waiver and Expense Assumption for the DFA International Value Portfolio. In addition to the fee waiver in Section 1 of this Agreement, with respect to the DFA International Value Portfolio, Dimensional agrees to further waive
all or a portion of its management fee and to assume the other direct expenses of a class of the Portfolio (excluding expenses incurred through its investment in other investment companies managed by Dimensional) (“Portfolio Expenses”) to the
extent necessary to limit the Portfolio Expenses of each class of the DFA International Value Portfolio to 0.28% of the average net assets of the class on an annualized basis (“Expense Limitation Amount”).
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| 3. |
Duty to Reimburse Dimensional. With respect to the DFA International Value Portfolio, if, at any time, the Portfolio Expenses are less than the Expense Limitation Amount of a class of shares of a Portfolio, the Fund, on behalf of
the Portfolio, shall reimburse Dimensional for any fees previously waived and/or expenses previously assumed to the extent that such reimbursement will not cause the annualized Portfolio Expenses for such class of shares of the Portfolio to
exceed the Expense Limitation Amount identified above. Except, there shall be no obligation for the Fund, on behalf of the Portfolio to reimburse Dimensional for fees waived in connection with the fee waiver described in Section 1 of this
Agreement. Also, there shall be no obligation of the Fund, on behalf of the Portfolio, to reimburse Dimensional for fees waived or expenses previously assumed by Dimensional more than thirty-six (36) months prior to the date of any
reimbursement.
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| 4. |
Assignment. No assignment of this Agreement shall be made by Dimensional without the prior consent of the Fund.
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| 5. |
Duration and Termination. With respect to Section 2, this Agreement shall begin on February 28, 2024, and shall continue in effect until February 28, 2025 for the DFA International Value Portfolio, and shall continue in effect from
year to year thereafter for the Portfolio, unless and until the Fund or Dimensional notifies the other party to the Agreement, at least thirty (30) days prior to the end of the
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one-year period for the Portfolio, of its intention to terminate the Agreement for the Portfolio. Notwithstanding this Section 5, the fee waiver described in Section 1 of this
Agreement for each Portfolio shall remain in effect permanently, unless terminated by the Fund. This Agreement shall automatically terminate, with respect to a Portfolio, upon the termination of the Investment Management Agreement, as applicable,
between Dimensional and the Fund, on behalf of such Portfolio.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.
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DIMENSIONAL FUND ADVISORS LP
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By: DIMENSIONAL HOLDINGS INC., General Partner
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By: /s/ Xxxx X. Xxxxxxxx
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By: /s/ Xxxxxxx X. X
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Name: Xxxx X. Xxxxxxxx
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Name: Xxxxxxx X. X
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Title: Vice President
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Title: Vice President
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As amended: December 19, 2023
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