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TRRBX T. Rowe Price Retirement 2020

  • Fund
  • TRRBX
  • Price as of: Dec 08, 2016
  • $21.22
  • + $0.03
  • + 0.14%
  • Category
  • Target Retirement Date

TRRBX - Profile

Vitals

  • YTD Return 7.8%
  • 3 Yr Annualized Return 4.3%
  • 5 Yr Annualized Return 8.7%
  • Net Assets $25.2 B
  • Holdings in Top 10 83.4%

52 WEEK LOW AND HIGH

$21.22
$18.23
$21.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 16.30%

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 2020

Distributions

  • YTD Total Return 7.8%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 8.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.82%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Retirement 2020 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 2020 Fund (TRRBX) is a target-date allocation fund designed for investors looking to retire between 2016 and 2020. The fund invests in 18 other mutual funds. As a target-date fund, TRRBX will slowly become more conservative as it approaches its end year. TRRBX is a through fund and will keep a higher allocation to equities in retirement.

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

TRRBX - Performance

Return Ranking - Trailing

Period TRRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.8% -40.4% 15.2% 28.50% 2
1 Yr 4.8% -20.8% 17.3% 21.02% 2
3 Yr 4.3% * -0.8% 6.5% 23.77% 2
5 Yr 8.7% * 0.9% 11.3% 36.68% 2
10 Yr 5.2% * 0.6% 5.9% 6.54% 1

* Annualized


Return Ranking - Calendar

Period TRRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.9% -33.1% 0.0% 31.63% 2
2014 1.6% -33.3% 7.6% 34.83% 3
2013 14.0% -8.5% 23.9% 40.56% 3
2012 12.4% 0.0% 15.8% 23.27% 2
2011 -3.2% -26.6% 14.6% 23.59% 2

Total Return Ranking - Trailing

Period TRRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.8% -40.4% 15.2% 35.91% 2
1 Yr 4.8% -23.4% 21.2% 18.89% 1
3 Yr 4.3% * -2.1% 13.0% 22.77% 2
5 Yr 8.7% * -0.3% 11.3% 33.36% 2
10 Yr 5.2% * 0.0% 5.9% 6.32% 1

* Annualized


Total Return Ranking - Calendar

Period TRRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.4% -25.3% 5.0% 14.86% 1
2014 6.2% -4.8% 11.9% 40.52% 3
2013 20.9% -6.7% 49.0% 48.53% 3
2012 18.4% 0.0% 43.6% 39.95% 3
2011 -1.5% -16.4% 19.3% 33.01% 2

NAV & Total Return History

TRRBX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

TRRBX Category Low Category High TRRBX % Rank Quintile
Net Assets 25.2 B 333 K 31.8 B 0.21% 1
Number of Holdings 18 2 9892 2.86% 4
Net Assets in Top 10 21.5 B 209 K 31.3 B 0.31% 1
Weighting of Top 10 83.4% 2.3% 103.8% 11.89% 2

Top 10 Holdings

  1. T. Rowe Price New Income 21.45%
  2. T. Rowe Price Equity Index 500 18.71%
  3. T. Rowe Price Growth Stock 7.40%
  4. T. Rowe Price Value 6.27%
  5. T. Rowe Price International Gr & Inc 5.51%
  6. T. Rowe Price Ltd Dur Infl Focus Bd 6.41%
  7. T. Rowe Price Overseas Stock 5.74%
  8. T. Rowe Price International Stock 5.21%
  9. T. Rowe Price Emerging Markets Bond 3.26%
  10. T. Rowe Price High Yield 3.40%

Asset Allocation

Weighting Category Low Category High TRRBX % Rank Quintile
Stocks
59.82% 0.37% 98.39% 16.15% 3
Bonds
34.41% -0.11% 101.10% 10.38% 2
Cash
5.14% -32.35% 96.00% 10.75% 3
Other
0.52% -2.06% 47.06% 13.97% 4
Convertible Bonds
0.07% 0.00% 4.38% 2.60% 2
Preferred Stocks
0.05% 0.00% 7.52% 2.65% 3

Stock Sector Breakdown

Weighting Category Low Category High TRRBX % Rank Quintile
Financial Services
9.96% 0.18% 17.43% 11.69% 3
Technology
9.51% 0.02% 23.27% 12.99% 3
Healthcare
8.31% 0.04% 15.56% 9.30% 3
Consumer Cyclical
7.54% 0.03% 15.53% 11.79% 3
Industrials
6.46% 0.04% 12.08% 12.16% 3
Consumer Defense
5.29% 0.03% 10.69% 11.27% 3
Energy
3.23% 0.07% 7.94% 10.86% 4
Communication Services
2.70% 0.04% 4.81% 5.45% 3
Basic Materials
2.68% 0.03% 6.73% 8.78% 3
Real Estate
2.19% 0.03% 18.17% 12.21% 3
Utilities
1.92% 0.00% 4.48% 6.39% 3

Stock Geographic Breakdown

Weighting Category Low Category High TRRBX % Rank Quintile
US
39.65% 0.06% 70.08% 15.78% 3
Non US
20.17% 0.00% 54.00% 14.80% 3

Bond Sector Breakdown

Weighting Category Low Category High TRRBX % Rank Quintile
Government
12.71% -27.29% 95.60% 9.45% 2
Securitized
11.26% 0.00% 28.49% 5.24% 1
Corporate
10.10% 0.00% 54.04% 12.51% 3
Cash & Equivalents
5.19% -46.20% 96.00% 10.70% 3
Municipal
0.23% 0.00% 7.56% 3.48% 2
Derivative
-0.01% -30.52% 57.07% 2.08% 4

Bond Geographic Breakdown

Weighting Category Low Category High TRRBX % Rank Quintile
US
25.88% -4.11% 95.60% 11.37% 2
Non US
8.53% 0.00% 25.33% 4.41% 1

TRRBX - Expenses

Operational Fees

TRRBX 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

TRRBX Fees (% of AUM) Category Low Category High TRRBX 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

TRRBX Fees (% of AUM) Category Low Category High TRRBX 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.

TRRBX Fees (% of AUM) Category Low Category High TRRBX Rank Quintile
Turnover 16.30% 0.00% 333.00% 6.44% 2

TRRBX - Distributions

Dividend Yield Analysis

TRRBX Category Low Category High TRRBX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.21% 13.01% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TRRBX Category Low Category High TRRBX % Rank Quintile
Net Income Ratio 1.82% -0.93% 10.75% 9.87% 2

Capital Gain Distribution Analysis

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

TRRBX - 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