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Morningstar

Dimensional 2045 Target Dt Rtr Inc Instl DRIIX

Morningstar Analyst Rating
Analyst rating as of | See Dimensional Investment Hub
  • NAV / 1-Day Return 15.17  /  0.93 %
  • Total Assets 125.9 Mil
  • Adj. Expense Ratio
    0.220%
  • Expense Ratio 0.220%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Target-Date 2045
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Status Open
  • TTM Yield 1.78%
  • Turnover —

USD | NAV as of Mar 31, 2023 | 1-Day Return as of Mar 31, 2023, 10:11 PM GMT+0

Morningstar’s Analysis DRIIX

Will DRIIX 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 DRIIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the DRIIX 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 DRIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This iconoclastic target-date series is different to its core.

Senior Analyst

Summary

| by Todd Trubey

The Dimensional Target Date Retirement Income series diverges sharply from peers in design. Its approach requires complete commitment, especially when its distinctions are most evident. Its solution to the problem of retirees needing decades of income is rational, but its demands on shareowners are high, driving a Morningstar Analyst Rating of Neutral.

Unlock our full analysis with Morningstar Investor

Portfolio Holdings DRIIX

More DRIIX Holdings
  • Current Portfolio Date Jan 31, 2023
  • Equity Holdings 0
  • Bond Holdings 0
  • Other Holdings 8
  • % Assets in Top 10 Holdings 100.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DFA US Core Equity 1 I

28.46
35,592,733
—

DFA US Large Company I

28.39
35,512,991
—

DFA Large Cap International I

12.88
16,113,087
—

DFA Short-Term Extended Quality I

7.96
9,961,088
—

DFA Two-Year Global Fixed-Income I

7.96
9,951,270
—

DFA Emerging Markets Core Equity I

7.84
9,809,848
—

DFA International Core Equity I

6.45
8,067,127
—

Ssc Government Mm Gvmxx

0.05
61,737
Cash and Equivalents