Dimensional 2040 Target Date Retirement Income Fund (DRIHX)
To achieve its investment objective, the Portfolio allocates its assets to other mutual funds managed by the Advisor according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2040 and are planning to withdraw the value of the investment in the Portfolio over many years after the target date. Over time, the Portfolio's allocation to the underlying funds is expected to change based on an asset allocation strategy that generally becomes more conservative until reaching the "landing point".
Fund Info
| ISIN | US25239Y4778 |
|---|---|
| Issuer | Dimensional Fund Advisors LP |
| Inception Date | Nov 1, 2015 |
| Category | Target Retirement Date |
| Min. Investment | $0 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
DRIHX has a high expense ratio of 0.22%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: DRIHX vs. AAGTX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Dimensional 2040 Target Date Retirement Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Dimensional 2040 Target Date Retirement Income Fund had a return of 6.56% year-to-date (YTD) and 16.04% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.56% | 11.29% |
| 1 month | 5.42% | 6.86% |
| 6 months | 11.95% | 16.73% |
| 1 year | 16.04% | 26.63% |
| 5 years (annualized) | 8.71% | 13.23% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of DRIHX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.21% | 2.80% | 2.51% | -3.50% | 6.56% | ||||||||
| 2023 | 5.96% | -2.31% | 2.37% | 0.94% | -1.22% | 4.45% | 2.30% | -2.32% | -3.92% | -2.57% | 7.37% | 4.69% | 16.06% |
| 2022 | -3.87% | -1.72% | 1.01% | -6.51% | 0.14% | -7.11% | 6.27% | -3.37% | -8.87% | 5.23% | 6.65% | -3.86% | -16.20% |
| 2021 | -0.42% | 2.31% | 2.67% | 3.40% | 1.42% | 0.95% | 1.08% | 1.75% | -3.24% | 3.96% | -1.11% | 3.32% | 17.05% |
| 2020 | -1.44% | -6.25% | -11.58% | 9.34% | 3.93% | 2.16% | 3.96% | 4.66% | -2.41% | -1.53% | 9.46% | 3.86% | 12.73% |
| 2019 | 6.80% | 2.21% | 0.94% | 2.97% | -5.21% | 5.57% | 0.16% | -1.85% | 2.01% | 2.10% | 2.21% | 2.78% | 22.12% |
| 2018 | 4.50% | -3.53% | -1.26% | 0.41% | 0.74% | -0.55% | 2.64% | 1.12% | 0.13% | -6.45% | 1.28% | -6.35% | -7.66% |
| 2017 | 2.42% | 2.55% | 0.96% | 1.28% | 1.44% | 0.71% | 2.13% | 0.35% | 1.53% | 2.23% | 1.84% | 1.37% | 20.49% |
| 2016 | -4.85% | -0.65% | 6.86% | 1.13% | 0.41% | -0.21% | 3.67% | 0.39% | 0.57% | -1.56% | 1.69% | 1.72% | 9.09% |
| 2015 | -1.00% | -2.10% | -3.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DRIHX is 61, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
DRIHX (Dimensional 2040 Target Date Retirement Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Dimensional 2040 Target Date Retirement Income Fund (DRIHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Dimensional 2040 Target Date Retirement Income Fund granted a 3.48% dividend yield in the last twelve months. The annual payout for that period amounted to $0.54 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.54 | $0.58 | $0.49 | $0.44 | $0.29 | $0.26 | $0.25 | $0.21 | $0.00 |
Dividend yield | 3.48% | 3.71% | 4.43% | 3.00% | 3.05% | 2.24% | 2.34% | 2.02% | 2.03% | 0.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Dimensional 2040 Target Date Retirement Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | |||||||
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.31 | $0.54 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.33 | $0.58 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.32 | $0.49 |
| 2020 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.30 | $0.44 |
| 2019 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.13 | $0.29 |
| 2018 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.26 |
| 2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.12 | $0.25 |
| 2016 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.21 |
| 2015 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Dimensional 2040 Target Date Retirement Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Dimensional 2040 Target Date Retirement Income Fund was 27.96%, occurring on Mar 23, 2020. Recovery took 107 trading sessions.
The current Dimensional 2040 Target Date Retirement Income Fund drawdown is 0.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.96% | Feb 13, 2020 | 27 | Mar 23, 2020 | 107 | Aug 24, 2020 | 134 |
| -22.47% | Jan 5, 2022 | 186 | Sep 30, 2022 | 355 | Mar 1, 2024 | 541 |
| -16.57% | Jan 29, 2018 | 229 | Dec 24, 2018 | 131 | Jul 3, 2019 | 360 |
| -12.95% | Nov 4, 2015 | 68 | Feb 11, 2016 | 46 | Apr 19, 2016 | 114 |
| -6.36% | Jun 9, 2016 | 13 | Jun 27, 2016 | 10 | Jul 12, 2016 | 23 |
Volatility
Volatility Chart
The current Dimensional 2040 Target Date Retirement Income Fund volatility is 2.52%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.