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TRRAX T. Rowe Price Retirement 2010

  • Fund
  • TRRAX
  • Price as of: Dec 09, 2016
  • $18.13
  • + $0.01
  • + 0.06%
  • Category
  • Target Retirement Date

TRRAX - Profile

Vitals

  • YTD Return 7.4%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return 6.8%
  • Net Assets $5.64 B
  • Holdings in Top 10 92.4%

52 WEEK LOW AND HIGH

$18.13
$16.09
$18.28

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Target Retirement Date
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2000-2010

Distributions

  • YTD Total Return 7.4%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 6.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.96%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Retirement 2010 Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Sep 30, 2002
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Jerome A. Clark

Fund Description

The T. Rowe Price Retirement 2010 Fund (TRRAX) is a target-date allocation fund designed for investors already in retirement. TRRAX invests in 16 different mutual funds. As a target-date fund that has reached its end date, TRRAX has a conservative tilt. However, it is a through fund and will keep a higher allocation to equities through retirement.

As a low-cost fund with numerous asset classes under its ticker, TRRAX makes a prime core choice for investors. The fund is internally managed by T. Rowe Price.

TRRAX - Performance

Return Ranking - Trailing

Period TRRAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.4% -40.4% 15.2% 37.31% 3
1 Yr 4.8% -20.8% 17.3% 20.71% 2
3 Yr 3.7% * -0.8% 6.5% 46.60% 3
5 Yr 6.8% * 0.9% 11.3% 68.04% 4
10 Yr 4.8% * 0.6% 5.9% 18.95% 1

* Annualized


Return Ranking - Calendar

Period TRRAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.8% -33.1% 0.0% 29.95% 2
2014 -0.5% -33.3% 7.6% 45.87% 3
2013 8.2% -8.5% 23.9% 65.12% 4
2012 9.7% 0.0% 15.8% 47.31% 3
2011 -2.1% -26.6% 14.6% 15.15% 1

Total Return Ranking - Trailing

Period TRRAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.4% -40.4% 15.2% 46.81% 3
1 Yr 4.8% -23.4% 21.2% 18.57% 1
3 Yr 3.7% * -2.1% 13.0% 41.73% 3
5 Yr 6.8% * -0.3% 11.3% 64.65% 4
10 Yr 4.8% * 0.0% 5.9% 17.65% 1

* Annualized


Total Return Ranking - Calendar

Period TRRAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.8% -25.3% 5.0% 24.96% 2
2014 5.5% -4.8% 11.9% 56.91% 3
2013 13.8% -6.7% 49.0% 75.07% 4
2012 15.2% 0.0% 43.6% 62.36% 4
2011 0.7% -16.4% 19.3% 15.73% 1

NAV & Total Return History

TRRAX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

TRRAX Category Low Category High TRRAX % Rank Quintile
Net Assets 5.64 B 333 K 31.8 B 2.18% 1
Number of Holdings 16 2 9892 2.96% 4
Net Assets in Top 10 5.32 B 209 K 31.3 B 1.40% 1
Weighting of Top 10 92.4% 2.3% 103.8% 6.96% 2

Top 10 Holdings

  1. T. Rowe Price New Income 27.77%
  2. T. Rowe Price Equity Index 500 22.78%
  3. T. Rowe Price Ltd Dur Infl Focus Bd 15.46%
  4. T. Rowe Price International Gr & Inc 3.93%
  5. T. Rowe Price Emerging Markets Bond 4.23%
  6. T. Rowe Price High Yield 4.41%
  7. T. Rowe Price Overseas Stock 4.10%
  8. T. Rowe Price International Stock 3.73%
  9. T. Rowe Price International Bond 3.80%
  10. T. Rowe Price Emerging Markets Stock 2.22%

Asset Allocation

Weighting Category Low Category High TRRAX % Rank Quintile
Bonds
51.59% -0.11% 101.10% 3.84% 1
Stocks
42.52% 0.37% 98.39% 23.21% 4
Cash
5.31% -32.35% 96.00% 10.54% 3
Other
0.43% -2.06% 47.06% 14.75% 4
Convertible Bonds
0.08% 0.00% 4.38% 2.54% 1
Preferred Stocks
0.06% 0.00% 7.52% 2.65% 3

Stock Sector Breakdown

Weighting Category Low Category High TRRAX % Rank Quintile
Financial Services
6.99% 0.18% 17.43% 17.40% 4
Technology
6.66% 0.02% 23.27% 18.13% 4
Healthcare
5.62% 0.04% 15.56% 15.74% 4
Industrials
4.80% 0.04% 12.08% 15.95% 4
Consumer Cyclical
4.79% 0.03% 15.53% 17.97% 4
Consumer Defense
4.03% 0.03% 10.69% 14.60% 4
Energy
2.55% 0.07% 7.94% 13.30% 4
Basic Materials
2.00% 0.03% 6.73% 11.38% 4
Communication Services
1.97% 0.04% 4.81% 8.52% 4
Real Estate
1.76% 0.03% 18.17% 14.29% 4
Utilities
1.33% 0.00% 4.48% 9.09% 4

Stock Geographic Breakdown

Weighting Category Low Category High TRRAX % Rank Quintile
US
28.58% 0.06% 70.08% 22.17% 4
Non US
13.94% 0.00% 54.00% 21.60% 4

Bond Sector Breakdown

Weighting Category Low Category High TRRAX % Rank Quintile
Government
22.55% -27.29% 95.60% 3.06% 1
Securitized
15.29% 0.00% 28.49% 1.92% 1
Corporate
13.31% 0.00% 54.04% 8.88% 2
Cash & Equivalents
5.37% -46.20% 96.00% 10.44% 3
Municipal
0.30% 0.00% 7.56% 3.12% 1
Derivative
-0.01% -30.52% 57.07% 2.02% 4

Bond Geographic Breakdown

Weighting Category Low Category High TRRAX % Rank Quintile
US
40.55% -4.11% 95.60% 4.78% 1
Non US
11.04% 0.00% 25.33% 2.54% 1

TRRAX - Expenses

Operational Fees

TRRAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.00% 0.00% 47.30% 17.29% 1
Management Fee 0.00% 0.00% 0.92% 2.40% 1
12b-1 Fee 0.00% 0.00% 1.00% 1.59% 1
Administrative Fee 0.15% 0.00% 0.40% 1.04% 3

Sales Fees

TRRAX Fees (% of AUM) Category Low Category High TRRAX Rank Quintile
Front Load N/A 3.00% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.00% N/A N/A

Trading Fees

TRRAX Fees (% of AUM) Category Low Category High TRRAX Rank Quintile
Max Redemption Fee N/A 2.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TRRAX Fees (% of AUM) Category Low Category High TRRAX Rank Quintile
Turnover 14.00% 0.00% 333.00% 7.01% 2

TRRAX - Distributions

Dividend Yield Analysis

TRRAX Category Low Category High TRRAX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.21% 10.36% 1

Dividend Distribution Analysis

TRRAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

TRRAX Category Low Category High TRRAX % Rank Quintile
Net Income Ratio 1.96% -0.93% 10.75% 9.14% 2

Capital Gain Distribution Analysis

TRRAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

TRRAX - Managers

Jerome A. Clark

Manager

Start Date

Sep 30, 2002

Tenure

14.18

Tenure Rank

0.0%

Jerome Clark is a Vice President of T. Rowe Price Group, Inc. and T. Rowe Price Associates, Inc., and a Portfolio Manager in the Fixed Income Group.Prior to joining the firm in 1992, Jerome was a Captain in the United States Marine Corps and spent three years as a Mathematics Instructor at the U.S. Naval Academy. Jerome earned a B.S. in Mathematics from the U.S. Naval Academy, an M.S. in Operations Research from the Naval Postgraduate School, and an M.B.A. in Finance from Johns Hopkins University. He has also achieved the Chartered Financial Analyst accreditation.


Wyatt A. Lee

Manager

Start Date

Aug 01, 2015

Tenure

1.33

Tenure Rank

2.2%

Mr. Lee became chairman of the committee in 2011. He joined the Firm in 1999 and his investment experience dates from 1997. During the past five years, he has assisted T. Rowe Price portfolio managers in managing and executing the Firm’s asset allocation strategies.


Tenure Analysis

Category Low

0.0

Category High

14.2

Category Average

4.92

Category Mode

1.9