About DRIIX
The Dimensional 2045 Target Date Retirement Income Fund Institutional Class is a target-date mutual fund designed to help investors accumulate assets for retirement, aiming for those planning to retire around the year 2045. Its primary function is to deliver a total return consistent with a dynamic asset allocation strategy that gradually becomes more conservative as the target year approaches, balancing growth potential with risk management. The fund achieves diversification by investing in a broad mix of underlying funds that provide exposure to both U.S. and international equities, as well as fixed income securities, adjusting these allocations over time to reduce market risk as participants near retirement. Notably, the portfolio's largest allocations typically include domestic core and large-cap equities, with additional exposure to international and emerging markets, alongside short-term and global fixed income components. This structure is designed to address challenges such as market volatility, inflation, and changing income needs, supporting retirement planning over multiple decades. The Dimensional 2045 Target Date Retirement Income Fund plays a significant role within retirement-focused investment accounts, offering a professionally managed, all-in-one solution tailored to long-term retirement objectives for individuals targeting retirement in or near 2045.
Fund Family Dimensional Fund Advisors
Category Target-Date 2045
Performance Rating Above Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol DRIIX
Index Index is not available on Lipper Database
DRIIX had a total return of 16.45% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.33%.
