DRIHX

About DRIHX

Dimensional 2040 Target Date Retirement Income Fund Institutional Class is a target-date mutual fund designed to help investors planning to retire around the year 2040 manage their long-term savings and retirement withdrawals. The fund utilizes a diversified, systematic asset allocation strategy, blending domestic and international equities with a significant allocation to fixed income securities. Its goal is to provide a balance between capital appreciation and income while gradually reducing equity risk as the target date approaches. The fund primarily invests through underlying funds managed by Dimensional Fund Advisors, allocating between 60% to 85% to equities and 15% to 40% to fixed income, including exposure to U.S. Treasury Inflation-Protected Securities. As investors near and enter retirement, the portfolio is structured to decrease volatility and support stable, inflation-adjusted income. Ultimately, close to its landing point, the fund is expected to transition into a static allocation similar to Dimensional's Retirement Income Fund, facilitating long-term withdrawals. The Institutional Class is tailored for larger, typically institutional investors, offering a competitive expense ratio and a disciplined approach to glide path management in the target-date fund landscape.