Morningstar

Dimensional 2040 Target Date Retirement Income Fund Institutional Class DRIHX

Morningstar Medalist Rating
Unlock
Medalist Rating as of See Dimensional Investment Hub
  • NAV / 1-Day Return$17.53  /  −0.34%
  • Fund Size$170.9M
  • Adjusted Expense Ratio0.180%
  • Net Expense Ratio0.180%
  • Fee Level: DistributionLow
  • Share Class TypeInstitutional
  • Morningstar CategoryTarget-Date 2040
  • Equity Style Box (Funds)Large Blend
  • Fixed-Income Style Box (Funds)High/Extensive
  • Investment StatusOpen
  • TTM Yield3.25%
  • Turnover Ratio13%
NAV and 1-Day Return as of

Morningstar’s Analysis DRIHX

Will DRIHX outperform in the 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 unique risk profile.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Dimensional Target Date Retirement Income series’ systematic approach lacks a clear competitive advantage across the strategy in a crowded target-date investment landscape.

by Elizabeth Foos
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings DRIHX

More DRIHX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings100.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DFA LTIP Institutional

24.3746M
—

DFA US Large Company I

22.0241M
—

DFA US Core Equity 1 I

21.9841M
—

DFA Large Cap International I

7.5814M
—

DFA Two-Year Global Fixed-Income I

7.2214M
—

DFA Short-Term Extended Quality I

7.1914M
—

DFA Emerging Markets Core Equity 2 I

5.8211M
—

DFA International Core Equity 2 I

3.837M
—

Usd

0.009
Cash and Equivalents

Sponsor Center

Site Index
United States Flag United States

© Copyright 2026 Morningstar, Inc. All rights reserved. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.