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DIMENSIONAL 2060 TARGET DATE RETIREMENT INCOME FUND

mutual fund
DRILX
Payout Change
Pending
Price as of:
$19.65 -0.01 -0.05%
primary theme
N/A
share class
DRILX (Mutual Fund)

DIMENSIONAL 2060 TARGET DATE RETIREMENT INCOME FUND

Payout Change
Pending
Price as of:
$19.65 -0.01 -0.05%
primary theme
N/A
share class
DRILX (Mutual Fund)

DIMENSIONAL 2060 TARGET DATE RETIREMENT INCOME FUND

Payout Change
Pending
Price as of:
$19.65 -0.01 -0.05%
primary theme
N/A
share class

Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$19.65

$80.6 M

1.86%

$0.36

0.24%

Vitals

YTD Return

16.0%

1 yr return

26.8%

3 Yr Avg Return

6.2%

5 Yr Avg Return

11.4%

Net Assets

$80.6 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$19.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.24%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$19.65

$80.6 M

1.86%

$0.36

0.24%

DRILX - Profile

Distributions

  • YTD Total Return 16.0%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 11.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.55%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    DIMENSIONAL 2060 TARGET DATE RETIREMENT INCOME FUND
  • Fund Family Name
    Dimensional Funds
  • Inception Date
    Nov 02, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jed Fogdall

Fund Description

To achieve its investment objective, the 2060 Target Date Portfolio allocates its assets to other mutual funds managed by Dimensional Fund Advisors LP (the “Advisor”) (i.e., the Underlying Funds) according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2060 (the target date) 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 (reducing its allocation to equity Underlying Funds and increasing its allocation to fixed income Underlying Funds) until reaching the “landing point,” which is 15 years after the target date (i.e., 2075 in the case of the Portfolio), at which time the Portfolio reaches its final static asset allocation. At the final landing point, the Portfolio is expected to reach a final static asset allocation of 15% to 25% of its assets allocated to domestic and international equity Underlying Funds and 75% to 85% of its assets allocated to fixed income Underlying Funds. The asset allocation strategy for the Portfolio reflects the need for reduced equity risk and lower volatility of the inflation-adjusted income the Portfolio may be able to support in retirement as an investor gets closer to the target date. When the Portfolio reaches the landing point, it is expected that the Advisor will recommend that the Board of Directors of the Portfolio approve combining the Portfolio with the Dimensional Retirement Income Fund, another fund managed by the Advisor, which is expected to have approximately the same asset allocation as the Portfolio at that time.

As of February 28, 2024, the 2060 Target Date Portfolio has a target allocation of 75% to 97% to equity Underlying Funds and a target allocation of approximately 3% to 25% to fixed income Underlying Funds, which may include exposure through those fixed income Underlying Funds to long-term and intermediate-term U.S. Treasury Inflation-Protected Securities (“TIPS”). As of February 28, 2024, the Portfolio may invest in: (1) domestic equity Underlying Funds that purchase a broad and diverse portfolio of securities of U.S. operating companies; (2) international equity Underlying Funds that purchase a broad and diverse portfolio of securities of companies in developed and emerging markets; and (3) fixed income Underlying Funds that may purchase U.S. and foreign debt securities such as obligations issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, long-, intermediate- and short-term TIPS, bank obligations, commercial paper, repurchase agreements, money market funds, obligations of other domestic and foreign issuers, securities of domestic and foreign issuers denominated in U.S. dollars but not trading in the United States, obligations of supranational organizations, and inflation-protected securities. The fixed income Underlying Funds primarily invest in securities that are considered investment grade at the time of purchase and which have a range of maturities, including ultra-short, short, intermediate, and long-term. Certain equity Underlying Funds purchase a broad and diverse group of securities of companies with a greater emphasis on smaller capitalization, lower relative price, and higher profitability companies as compared to their representation in the universe of securities such Underlying Funds invest in. A summary of the investment strategies and policies of the Underlying Funds in which the Portfolio invests as of the date of this Prospectus is described in the Portfolio’s Prospectus in the section entitled “ADDITIONAL INFORMATION ON INVESTMENT OBJECTIVES AND POLICIES.”

The 2060 Target Date Portfolio and each Underlying Fund may purchase or sell futures contracts and options on futures contracts, to adjust market exposure based on actual or expected cash inflows to or outflows from the Portfolio or Underlying Fund. Certain Underlying Funds may enter into foreign currency exchange transactions, including foreign currency forward contracts, in connection with the settlement of foreign securities, to hedge foreign currency risks, to hedge against fluctuations in currency exchange rates or to transfer balances from one currency to another. Certain Underlying Funds also may enter into swaps to hedge against inflation risk associated with certain securities or to buy or sell credit protection to hedge its credit exposure; gain market or issuer exposure without owning the underlying securities; or increase the Underlying Fund’s total return. Certain Underlying Funds also may purchase or sell futures contracts and options on futures contracts, to hedge their interest rate or currency exposure or for non-hedging purposes, such as a substitute for direct investment. Also, the Portfolio and the Underlying Funds may lend their portfolio securities to generate additional income.

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DRILX - Performance

Return Ranking - Trailing

Period DRILX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.0% 3.9% 12.9% 8.13%
1 Yr 26.8% 30.7% 65.2% 22.70%
3 Yr 6.2%* 8.7% 13.7% 56.02%
5 Yr 11.4%* 10.3% 14.1% 38.84%
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period DRILX Return Category Return Low Category Return High Rank in Category (%)
2023 17.3% -3.3% 18.9% 66.53%
2022 -18.5% 11.7% 29.3% 12.94%
2021 18.3% -23.9% -7.8% 26.67%
2020 11.4% 13.0% 20.8% 6.62%
2019 22.8% 1.7% 8.6% 8.89%

Total Return Ranking - Trailing

Period DRILX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.0% 3.9% 12.9% 8.13%
1 Yr 26.8% 30.7% 65.2% 20.92%
3 Yr 6.2%* 7.7% 13.7% 51.83%
5 Yr 11.4%* 9.6% 14.1% 35.54%
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period DRILX Return Category Return Low Category Return High Rank in Category (%)
2023 21.3% -3.3% 18.9% 66.53%
2022 -15.3% 11.7% 29.3% 12.94%
2021 20.9% -23.9% -5.7% 43.64%
2020 14.1% 14.1% 22.7% 0.74%
2019 25.6% 1.7% 11.0% 5.56%

NAV & Total Return History


DRILX - Holdings

Concentration Analysis

DRILX Category Low Category High DRILX % Rank
Net Assets 80.6 M 60.7 K 7.18 B 43.01%
Number of Holdings 7 4 494 77.93%
Net Assets in Top 10 80.6 M 51.6 K 7.13 B 43.60%
Weighting of Top 10 100.03% 38.0% 100.0% 15.54%

Top 10 Holdings

  1. DFA U.S. Core Equity 1 Portfolio 34.04%
  2. DFA U.S. Large Company Portfolio 33.85%
  3. DFA Large Cap International Portfolio 12.68%
  4. DFA Emerging Markets Core Equity Portfolio 8.10%
  5. DFA International Core Equity Portfolio 6.34%
  6. DFA Short-Term Extended Quality Portfolio 2.51%
  7. DFA Two-Year Global Fixed Income Portfolio 2.51%

Asset Allocation

Weighting Return Low Return High DRILX % Rank
Stocks
100.03% 65.98% 98.58% 17.98%
Convertible Bonds
0.20% 0.00% 0.77% 73.02%
Preferred Stocks
0.00% 0.00% 0.36% 58.58%
Other
0.00% -0.07% 13.26% 83.11%
Cash
0.00% -86.71% 14.73% 49.05%
Bonds
0.00% 0.00% 92.61% 81.20%

Stock Sector Breakdown

Weighting Return Low Return High DRILX % Rank
Technology
19.47% 14.77% 21.46% 51.77%
Financial Services
14.98% 12.29% 18.11% 50.41%
Healthcare
11.74% 8.82% 15.72% 80.65%
Industrials
11.56% 9.57% 15.26% 20.16%
Consumer Cyclical
11.17% 9.27% 14.12% 45.78%
Consumer Defense
7.63% 4.55% 11.70% 11.44%
Communication Services
7.50% 6.12% 11.04% 47.68%
Basic Materials
5.95% 2.40% 5.65% 0.54%
Energy
5.18% 1.87% 4.03% 22.34%
Utilities
2.96% 0.55% 4.39% 36.51%
Real Estate
1.86% 1.82% 9.04% 99.73%

Stock Geographic Breakdown

Weighting Return Low Return High DRILX % Rank
US
100.03% 34.23% 75.57% 25.07%
Non US
0.00% 18.37% 51.41% 54.22%

DRILX - Expenses

Operational Fees

DRILX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.24% 0.02% 35.30% 77.01%
Management Fee 0.00% 0.00% 0.94% 0.27%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% 1.01%

Sales Fees

DRILX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

DRILX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DRILX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 3.00% 208.00% N/A

DRILX - Distributions

Dividend Yield Analysis

DRILX Category Low Category High DRILX % Rank
Dividend Yield 1.86% 0.00% 1.44% 9.95%

Dividend Distribution Analysis

DRILX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

DRILX Category Low Category High DRILX % Rank
Net Income Ratio 1.55% -0.04% 8.75% 31.12%

Capital Gain Distribution Analysis

DRILX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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DRILX - Fund Manager Analysis

Managers

Jed Fogdall


Start Date

Tenure

Tenure Rank

Nov 02, 2015

6.58

6.6%

Jed S. Fogdall is a Co-Head of Portfolio Management and Vice President of Dimensional and a member of Dimensional’s Investment Committee. Mr. Fogdall has an MBA from the University of California, Los Angeles and a BS from Purdue University. Mr. Fogdall joined Dimensional as a Portfolio Manager in 2004 and has been responsible for international portfolios since 2010 and domestic portfolios since 2012.

Allen Pu


Start Date

Tenure

Tenure Rank

Nov 02, 2015

6.58

6.6%

Allen Pu is Deputy Head of Portfolio Management, North America, a member of the Investment Commit- tee, Vice President and a Senior Portfolio Manager of the Sub-Adviser. Mr. Pu joined Dimensional as a Portfolio Manager in 2006. Mr. Pu has an M.B.A. from the University of California, Los Angeles, an M.S. and Ph.D. from Caltech, and a B.S. from Cooper Union for the Advancement of Science and Art.

David Plecha


Start Date

Tenure

Tenure Rank

Nov 02, 2015

6.58

6.6%

David Plecha is Dimensional’s Global Head of Fixed Income. A member of the Investment Committee and Investment Research Committee, he not only manages US and global portfolios but also maintains much of the fixed income research and client communications. Dave received his Chartered Financial Analyst® designation in 1996. Prior to joining Dimensional in 1989, he managed stock index futures and options for Leland O’Brien Rubinstein Associates and was an operations planner for Texas Instruments.

Joseph Kolerich


Start Date

Tenure

Tenure Rank

Nov 02, 2015

6.58

6.6%

Joseph Kolerich is Head of Fixed Income, Americas, Senior Portfolio Manager and Vice President of Dimensional and a member of the Investment Committee. Mr. Kolerich has an MBA from the University of Chicago Booth School of Business and a BS from Northern Illinois University. Mr. Kolerich joined DFA as a portfolio manager in 2001 and has been responsible for the fixed income portfolios since 2012.

Mary Phillips


Start Date

Tenure

Tenure Rank

Feb 28, 2017

5.25

5.3%

Mary T. Phillips, CFA, Deputy Head of Portfolio Management, North America, Senior Portfolio Manager and Vice President of Dimensional, joined Dimensional in 2012 and has been a portfolio manager since 2014. Ms. Phillips began managing Dimensional’s allocated portion of the Fund’s portfolio in March 2018. Ms. Phillips earned an MBA with concentration in analytic finance, statistics and econometrics, and managerial and organizational behavior from the University of Chicago and a BA from the University of Puget Sound.

Ashish Bhagwanjee


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Mr. Bhagwanjee is a Vice President and Senior Portfolio Manager of the Dimensional Fund Advisors LP. Mr. Bhagwanjee holds an MBA from the University of Chicago and a BS from Purdue University. Mr. Bhagwanjee joined the Dimensional in 2014, has been a portfolio manager since 2017.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 8.11 2.38 1.25