# Dimensional 2045 Target Dt Rtr Inc Instl (DRIIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/driix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Dimensional · Asset class: Other Funds - Strategy: Actively Managed · Inception: 2015-11-02 This Portfolio seeks to achieve its financial goals by investing strategically in a selection of other mutual funds, all overseen by the same Advisor. Its investment strategy is specifically tailored for individuals who anticipate retiring around the year 2045. This includes investors planning to gradually draw income from their investment well into their post-retirement years, rather than a single withdrawal at the target date. A key characteristic of this Portfolio is its dynamic asset allocation: over time, the mix of underlying funds will automatically adjust, progressively shifting tow... ## Key Facts | Metric | Value | |---|---| | Price | $22.71 | | Expense Ratio | 0.18% | | Assets Under Management | $229.2M | | NAV | $22.71 | | Holdings Count | 0 | | Distribution Yield (TTM) | 2.95% | | Annual Distribution (TTM) | $0.67 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $20.32 – $23.32 | | Beta | 0.99 | ## Latest Distribution - Amount: $0.1444 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does DRIIX invest in? This Portfolio seeks to achieve its financial goals by investing strategically in a selection of other mutual funds, all overseen by the same Advisor. Its investment strategy is specifically tailored for individuals who anticipate retiring around the year 2045. This includes investors planning to gradually draw income from their investment well into their post-retirement years, rather than a single withdrawal at the target date. A key characteristic of this Portfolio is its dynamic asset allocation: over time, the mix of underlying funds will automatically adjust, progressively shifting towards a more conservative investment profile until it reaches its ultimate, stable "landing point." ### What is the expense ratio of DRIIX? Dimensional 2045 Target Dt Rtr Inc Instl (DRIIX) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is DRIIX? Dimensional 2045 Target Dt Rtr Inc Instl (DRIIX) manages $229.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is DRIIX actively managed or an index fund? DRIIX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (DRIIX's is 0.18%) in exchange for the discretion to over- or under-weight positions. ### When was DRIIX launched? Dimensional 2045 Target Dt Rtr Inc Instl (DRIIX) launched in November 2015 and is managed by Dimensional. ### How has DRIIX performed? DRIIX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does DRIIX pay a dividend? Dimensional 2045 Target Dt Rtr Inc Instl (DRIIX) currently distributes little or no income. Trailing-twelve-month yield is 2.95%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DRIIX pay dividends? Dimensional 2045 Target Dt Rtr Inc Instl pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DRIIX's dividend yield? DRIIX's trailing-twelve-month yield is 2.95%, calculated from the sum of dividends over the past year divided by the current price. ### When is DRIIX's next ex-dividend date? The most recently announced ex-dividend date for DRIIX was 2026-09-29. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will DRIIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.18% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DRIIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from DRIIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DRIIX cost more than a fund like VOO? DRIIX is actively managed (current expense ratio 0.18%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether DRIIX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to DRIIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as DRIIX (0.18%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/driix - Distribution history: https://www.dividenddata.com/funds/driix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/driix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/driix/expenses - Peer comparison: https://www.dividenddata.com/funds/driix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.