About DRIHX
Dimensional 2040 Target Date Retirement Income Fund Institutional Class is a target-date mutual fund designed to help investors planning to retire around the year 2040 manage their long-term savings and retirement withdrawals. The fund utilizes a diversified, systematic asset allocation strategy, blending domestic and international equities with a significant allocation to fixed income securities. Its goal is to provide a balance between capital appreciation and income while gradually reducing equity risk as the target date approaches. The fund primarily invests through underlying funds managed by Dimensional Fund Advisors, allocating between 60% to 85% to equities and 15% to 40% to fixed income, including exposure to U.S. Treasury Inflation-Protected Securities. As investors near and enter retirement, the portfolio is structured to decrease volatility and support stable, inflation-adjusted income. Ultimately, close to its landing point, the fund is expected to transition into a static allocation similar to Dimensional's Retirement Income Fund, facilitating long-term withdrawals. The Institutional Class is tailored for larger, typically institutional investors, offering a competitive expense ratio and a disciplined approach to glide path management in the target-date fund landscape.
Fund Family Dimensional Fund Advisors
Category Target-Date 2040
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol DRIHX
Index Index is not available on Lipper Database
DRIHX had a total return of 13.89% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.93%.
