A novel application of liability-driven investing to a target-date series sets Dimensional Target Date Retirement Income apart from its peers, but the question of whether this structure serves as an advantage remains outstanding. That along with a lack of defined asset-allocation resources and a process that leans heavily into courting interest-rate risk keep our conviction muted. The series earns a Morningstar Analyst Rating of Neutral for its single share class.
Dimensional 2040 Target Dt Rtr Inc Instl DRIHX
NAV / 1-Day Return
15.58
/
1.08
%
Total Assets
113.6 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.230%
Expense Ratio
0.230%
Fee Level
Low
Longest Manager Tenure
5.63
years
Category
Target-Date 2040
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
High / ExtensiveStatus
Open
TTM Yield
1.18%
Turnover
—
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will DRIHX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DRIHX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the DRIHX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of DRIHX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A differentiated approach to target-date retirement income.
