Dimensional 2040 Target Date Retirement Income Fund (DRIHX)

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Dimensional 2040 Target Date Retirement Income Fund (DRIHX) is up 8.1% since the beginning of the year. DRIHX is currently trading at $18 per share. Investors who bought $1,000 worth of DRIHX shares 5 years ago would now be looking at an investment worth $1,415.

Dimensional 2040 Target Date Retirement Income Fund (DRIHX) has returned 8.06% so far this year and 20.22% over the past 12 months. Over the last ten years, DRIHX has returned 9.55% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 4, 2016, DRIHX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.

Historically, 71% of months were positive and 29% were negative. The best month was Nov 2020 with a return of +9.5%, while the worst month was Mar 2020 at -11.6%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 3 months.

On a daily basis, DRIHX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +6.7%, while the worst single day was Mar 13, 2020 at -7.7%.

Dimensional 2040 Target Date Retirement Income Fund has an annualized alpha of 1.78%, beta of 0.57, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since January 05, 2016.

• This fund participated in 81.84% of S&P 500 Index downside but only 71.31% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.57 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

DRIHX has an expense ratio of 0.22%, which is considered low.

DRIHX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Dimensional 2040 Target Date Retirement Income Fund (DRIHX) and compare them to S&P 500 Index.

Dimensional 2040 Target Date Retirement Income Fund provided a 4.66% dividend yield over the last twelve months, with an annual payout of $0.86 per share.

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.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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 chart below shows the rolling one-month volatility.