Dimensional 2060 Target Dt Rtr Inc Instl
DRILX
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USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Santa Monica CA 90401 Santa Monica CA United States of America 90401
- IPO Date
- Nov 4, 2015
- CIK
- 0001816125
- Website
- dimensional.com
- Similar Companies
- Business
- Dimensional 2060 Target Date Retirement Income Fund Institutional Class (DRILX) is an open-end mutual fund managed by Dimensional Fund Advisors LP that seeks total return consistent with its current asset allocation, targeting investors planning to retire in or within a few years of 2060 and withdraw value over many years thereafter. The fund allocates its assets among other Dimensional-managed mutual funds, including DFA U.S. Core Equity 1 Portfolio Institutional Class (approximately 34%), DFA U.S. Large Company Portfolio (approximately 34%), DFA Large Cap International Portfolio Institutional Class (approximately 13%), DFA Emerging Markets Core Equity Portfolio Institutional Class (approximately 8%), DFA International Core Equity Portfolio Institutional Class (approximately 6%), and shorter-term fixed income funds such as DFA Short-Term Extended Quality Portfolio Institutional Class and DFA Two-Year Global Fixed Income Portfolio Institutional Class (each approximately 2-3%); this glide path systematically shifts toward more conservative allocations over time until reaching a stable landing point with higher fixed income exposure. It operates within the target-date 2060 category, emphasizing a large-blend equity style with medium credit quality and limited interest-rate sensitivity in bonds, serving institutional investors such as retirement plans and financial advisors. Launched on November 2, 2015, the fund is part of Dimensional Fund Advisors' suite of target-date solutions and maintains assets under management of approximately $114 million as of late 2025, with a low expense ratio of 0.22%. Dimensional Fund Advisors LP, founded in 1981 and headquartered in Austin, Texas, manages the fund alongside its global operations across 15 offices in the U.S., Canada, U.K., Germany, Netherlands, Australia, Singapore, and Japan. In recent developments, Dimensional Fund Advisors renewed its transfer agency agreement with SS&C Technologies Holdings Inc. in March 2025 for its U.K. open-ended investment company funds, extending a long-term partnership to enhance operational services amid $777 billion in total assets under management as of December 2024; the firm also received Morningstar's 2025 Award for Investing Excellence, recognizing its systematic approach and ETF innovations managing around $200 billion in ETF assets. Additionally, Dimensional has advanced regulatory efforts for ETF share classes and expanded academic collaborations, including sponsorship of the European Finance Association's annual meeting in 2024, while pursuing portfolio adjustments such as increased stakes in select equities like Vista Outdoor Inc. in late 2024. These initiatives underscore ongoing strategic enhancements in operations, product delivery, and research integration without major acquisitions, funding rounds, or reorganizations specific to DRILX.