The iconoclastic Dimensional Target Date Retirement Income series diverges sharply from its peers in philosophy and design. Its academically driven approach demands complete commitment, especially when its distinctions are most evident. We admire the independent thinking and rational solution set, yet the approach is unproven, especially regarding typical shareowners’ ability to handle its unusual path, driving a Morningstar Analyst Rating of Neutral.
Dimensional 2040 Target Dt Rtr Inc Instl DRIHX
NAV / 1-Day Return
13.52
/
0.90
%
Total Assets
125.3 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
6.67
years
Category
Target-Date 2040
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
High / ExtensiveStatus
Open
TTM Yield
2.17%
Turnover
—
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.
This target-date series is different down to its foundation.
