A novel application of liability-driven investing to a target-date series sets Dimensional Target Date Retirement Income apart from its peers, but the question of whether this structure serves as an advantage remains outstanding. That along with a lack of defined asset-allocation resources and a process that leans heavily into courting interest-rate risk keep our conviction muted. The series earns a Morningstar Analyst Rating of Neutral for its single share class.
Will DTDRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DTDRX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the DTDRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of DTDRX’s parent organization’s priorities and whether they’re in line with investors’ interests.