DRIHX Mutual Fund — Dimensional 2040 Target Date Ret Income

Dimensional 2040 Target Date Ret Income (DRIHX)

Updated November 12, 2026.

DRIHX is a low-cost mutual fund. Its distribution rate is 3.32%, its trailing-12-month yield is 5.46%, its expense ratio is 0.1881%. Dividend Vision Distribution Safety Score™ is 99/100 (Safe). Total return is 147.3% over the past 11 years, 183.2 points behind SPY at 330.5%.

Dimensional 2040 Target Date Ret Income is a mutual fund that allocates assets across other Dimensional funds using a glide path strategy for investors planning to retire around 2040, gradually shifting from growth-oriented to more conservative investments over time and into retirement. The fund distributes quarterly and carries a current distribution rate in the low single digits. It appeals to long-term investors seeking an automated, professionally managed asset allocation that becomes progressively more conservative as the target retirement year approaches.

DRIHX performance versus SPY

As of Nov 12, 2026

Total return is 147.3% over the past 11 years, 183.2 points behind SPY at 330.5%. Over the past year its total return — price change plus distributions reinvested — is 5.2%. Its deepest 1-year drawdown was 7.0%.

DRIHX key facts

Distribution Safety Score™

99 · Safe

Safety-Adjusted Yield

3.29%

Issuer

Dimensional

Asset type

Mutual Fund

Asset class

Equity

Inception date

11/02/2015

Expense ratio

0.1881%

Distribution rate

3.32%

Distribution frequency

Quarterly

Trailing yield

5.46%

Last close

$17.59 (as of 2026-11-12)

NAV

$18.37; NAV date unknown

Premium / discount

Premium not shown · NAV date unknown

AUM

$83,491,896

Average volume

0

Dividend

$0.176

Ex-dividend date

09/29/2026

Payment date

09/30/2026

Beta

1.03

How Dividend Vision calculates yield and returns

Distribution rate (3.32%) uses provider-reported trailing yield; special policy and denominator follow the provider. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing 12-mo distributions (incl. capital gains) (5.46%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Dimensional; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DRIHX risks and drawbacks

DRIHX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.0%.

Who may consider DRIHX — and who may not

DRIHX may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (DRIHX pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

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Tagged: Target Date, Mutual Fund, Dividend.

Frequently asked questions

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