Dimensional 2005 Target Date Retirement Income Fund

C000160533 Fund Overview

Dimensional 2005 Target Date Retirement Income Fund is a US mutual fund managed by Dfa Investment Dimensions Group INC, categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Dfa Investment Dimensions Group INC
• Category: Target Date / Glide Path Allocation
• Assets under management: $6.45M
• SEC CIK: 0000355437
• SEC series ID: S000050933
• Share class ID: C000160533

C000160533 Investment Objective and Strategy

Dimensional 2005 Target Date Retirement Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Dfa Investment Dimensions Group INC.

Investment objective

The investment objective of the Dimensional 2005 Target Date Retirement Income Fund (the “2005 Target Date Portfolio”) is to provide total return consistent with the Portfolio’s current asset allocation. Total return is composed of income and capital appreciation.

Principal investment strategy

The 2005 Target Date Portfolio is designed for an investor currently in retirement. To achieve its investment objective, the 2005 Target Date Portfolio allocates its assets to other mutual funds managed by the Advisor (i.e., the Underlying Funds) according to an asset allocation strategy designed for investors that retired in or within a few years of 2005 (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 2005 Target Date Portfolios allocation to the Underlying Funds is expected to change based on an asset allocation strategy that becomes generally more conservative (reducing its allocation to equity Underlying Funds and increasing its allocation to fixed income Underling Funds) until reaching the final landing point, which is 15 years after the target date (i.e., 2020 in the case of the 2005 Target Date Portfolio), at which time the Portfolio reaches its final static asset allocation.

At the final landing point, the 2005 Target Date 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 2005 Target Date 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 in the years beyond the retirement target date. When the 2005 Target Date Portfolio reaches the landing point, it is expected that the Advisor will recommend that the Board of Directors of the 2005 Target Date 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, 2018, the Portfolio has a target allocation of 15% to 35% to equity Underlying Funds and a target allocation of approximately 65% to 85% to fixed income Underlying Funds, including exposure through those fixed income Underlying Funds to long-term and intermediate-term U.S. treasury inflation-protected securities (TIPS). As of February 28, 2018, 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, 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. Information about the Underlying Funds in which the 2005 Target Date Portfolio may invest is described in the Portfolios Prospectus in the section entitled ADDITIONAL INFORMATION ABOUT INVESTMENT OBJECTIVES AND POLICIES . The 2005 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.

The Portfolio and Underlying Funds do not intend to sell futures contracts to establish short positions in individual securities or to use derivatives for purposes of speculation or leveraging investment returns. Certain Underlying Funds use foreign currency forward contracts to hedge foreign currency risks, hedge against fluctuations in currency exchange rates or to transfer balances from one currency to another. Certain Underlying Funds also may enter into credit default swaps on issuers or indices 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 Funds total return. Certain Underlying Funds also may purchase or sell futures contracts and options on futures contracts, to hedge their interest rate exposure.

Also, the 2005 Target Date Portfolio and the Underlying Funds may lend their portfolio securities to generate additional income.

C000160533 Costs and Fees

C000160533 costs about $19 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.19%
• Gross expense ratio: 0.64%
• Portfolio turnover: 31%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000160533 Cashflows

Over the 12 months to 2020-01, Dimensional 2005 Target Date Retirement Income Fund had net outflows of $828.06K, from monthly SEC N-PORT filings.

C000160533 Debt Constituents

No individual debt constituents are reported in Dimensional 2005 Target Date Retirement Income Fund's latest SEC N-PORT filing.

C000160533 Prospectus and SEC Filings

Official Dimensional 2005 Target Date Retirement Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-03-21
• Prospectus (485BPOS) — filed 2018-03-21
• Prospectus (485BPOS) — filed 2017-03-21
• Portfolio holdings (N-PORT) — filed 2020-03-31
• Portfolio holdings (N-PORT) — filed 2019-12-20
• Annual census (N-CEN) — filed 2020-01-14
• Annual census (N-CEN) — filed 2019-01-14

Related Funds

Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:

• Vanguard Target Retirement 2035 Fund (VTTHX)
• Vanguard Target Retirement 2045 Fund (VTIVX)
• Vanguard Target Retirement 2040 Fund (VFORX)
• Vanguard Target Retirement 2030 Fund (VTHRX)
• Vanguard Target Retirement 2050 Fund (VFIFX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.