Fund Evaluator:
Dimensional 2070 Target Dt Ret Inc Inst (DFARX)
Follow This Fund
Best Performing in Target-Date 2070+ Over the Last Year
| 23.4% | Fidelity Advisor Freedom Blend 2070 Z (FRCNX) |
| 23.2% | Fidelity Advisor Freedom Blend 2070 I (FRCLX) |
| 23.1% | Fidelity Advisor Sust Trgt Dt 2070 Z (FRDEX) |
| 22.7% | BlackRock LifePath® ESG Idx 2070 Inv A (LEYAX) |
| 22.5% | BlackRock LifePath® Dyn 2070 Investor A (LPYAX) |
Fund Details
Dimensional 2070 Target Dt Ret Inc Inst Overview
Dimensional 2070 Target Dt Ret Inc Inst (DFARX) is an actively managed Allocation Target-Date 2070+ fund. Dimensional Fund Advisors launched the fund in 2025.
The investment seeks to provide total return consistent with the portfolio’s current asset allocation; total return is composed of income and capital appreciation. The portfolio is a “fund of funds”, which means that the portfolio generally allocates its assets among other funds managed by the Advisor, although it has the ability to invest directly in securities and derivatives.
About Dimensional 2070 Target Dt Ret Inc Inst (DFARX)
There are 6 members of the management team with an average tenure of 1.58 years: Jed Fogdall (2025), Allen Pu (2025), David Plecha (2025), Mary Phillips (2025), Ashish Bhagwanjee (2025), Joseph Kolerich (2025). Management tenure is more important for actively managed funds than passive index funds.
Dimensional 2070 Target Dt Ret Inc Inst has 8 securities in its portfolio. The top 10 holdings constitute 100.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Dimensional 2070 Target Dt Ret Inc Inst is part of the Allocation global asset class and is within the Allocation fund group. Dimensional 2070 Target Dt Ret Inc Inst has 28.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 66.7%. There is 26.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 3.7% (1.2% domestic bond, 2.5% foreign bond and 0.0% convertible bond). Dimensional 2070 Target Dt Ret Inc Inst has 3.6% of the portfolio in cash.
Assets Under Management
The fund has $980 million in total assets, which is below the $36 million average for the Target-Date 2070+ category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DFARX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Dimensional 2070 Target Dt Ret Inc Inst expense ratio is below average compared to funds in the Target-Date 2070+ category. Dimensional 2070 Target Dt Ret Inc Inst has an expense ratio of 0.22%, which is 67% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Dimensional 2070 Target Dt Ret Inc Inst has a portfolio turnover rate of 1%, indicating that holds its assets around 1.0 years. By way of comparison, the average portfolio turnover is 20% for the Target-Date 2070+ category.
Recently, in the month of July 2026, Dimensional 2070 Target Dt Ret Inc Inst returned -0.2%, which earned it a grade of A, as the Target-Date 2070+ category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Dimensional 2070 Target Dt Ret Inc Inst has a trailing yield of 1.67%, which is above the 1.34% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Dimensional 2070 Target Dt Ret Inc Inst Grades
Year to date, the fund has returned 11.0%, 0.3 percentage points better than the category, which translates into a grade of C. The fund has returned 21.4% over the past year (grade of C).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Dimensional 2070 Target Dt Ret Inc Inst, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
DFARX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DFARX Return (NAV) | -0.2% | 3.5% | 21.4% | na | na | na |
| DFARX Grade | A | C | C | na | na | na |
| +/- Category | 0.6% | -0.0% | 0.1% | na | na | na |
| Target-Date 2070+ Avg | -0.8% | 3.5% | 21.3% | 15.6% | na | na |
| DFARX Tax Cost Ratio | na | na | 0.6% | na | na | na |
DFARX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DFARX Return (NAV) | 11.0% | na | na | na | na | na | na | na | na | na | na |
| DFARX Grade | C | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.3% | na | na | na | na | na | na | na | na | na | na |
| Target-Date 2070+ Avg | 10.7% | 21.1% | 14.2% | 20.2% | na | na | na | na | na | na | na |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 1.7% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $0 Mil |
| Fund Total Assets: | $ 1 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 1% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 1.6 years | |||
| Average Tenure: 1.6 years | |||
| Managers (Year): Fogdall Jed (2025), Pu Allen (2025), Plecha David (2025), Phillips Mary (2025), Bhagwanjee Ashish (2025), Kolerich Joseph (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 8 |
| % in Top 10 Holdings: | 100.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 28.5% |
Portfolio Allocation |
|
| Domestic Stock: | 66.7% |
| Foreign Stock: | 26.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 1.2% |
| Foreign Bond: | 2.5% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.6% |
Purchase Information
| Fund Family: | Dimensional Fund Advisors |
| Phone Number: | 512-306-7400 |
| Website: | www.dimensional.com |
| Status: | Open |
| Inception Date: | January 2, 2025 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.22% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.67% |
| Share Class: | Dimensional 2070 Target Dt Ret Inc Inst |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
