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TRRGX T. Rowe Price Retirement 2015

  • Fund
  • TRRGX
  • Price as of: Aug 08, 2016
  • $14.63
  • + $0.01
  • + 0.07%
  • Category
  • Target Retirement Date

TRRGX - Profile

Vitals

  • YTD Return 6.9%
  • 3 Yr Annualized Return 6.1%
  • 5 Yr Annualized Return 7.0%
  • Net Assets $9.53 B
  • Holdings in Top 10 86.0%

52 WEEK LOW AND HIGH

$14.63
$12.86
$14.72

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 16.10%

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 2015

Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return 6.1%
  • 5 Yr Annualized Total Return 7.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.91%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Retirement 2015 Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Feb 27, 2004
  • 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 2015 Fund (TRRGX) is a target-date allocation fund designed for investors entering retirement or already in retirement. TRRGX invests in 18 different mutual funds. As a target-date fund that has reached its end date, TRRGX has a conservative tilt. At the same time, TRRGX is a through fund, meaning it keeps a higher allocation to equities through retirement.

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

TRRGX - Performance

Return Ranking - Trailing

Period TRRGX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.9% -40.4% 17.0% 10.69% 1
1 Yr 3.4% -7.2% 17.3% 14.28% 1
3 Yr 6.1% * 0.4% 8.3% 34.46% 2
5 Yr 7.0% * 1.2% 9.9% 42.94% 3
10 Yr 6.0% * 1.9% 6.7% 9.09% 1

* Annualized


Return Ranking - Calendar

Period TRRGX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.5% -33.1% 1.2% 42.70% 3
2014 N/A 5.0% 5.1% N/A N/A
2013 N/A 20.5% 22.2% N/A N/A
2012 N/A 12.6% 13.1% N/A N/A
2011 N/A -4.7% -4.4% N/A N/A

Total Return Ranking - Trailing

Period TRRGX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.9% -40.4% 17.0% 10.85% 1
1 Yr 3.4% -11.0% 17.3% 11.84% 1
3 Yr 6.1% * -0.9% 8.3% 31.15% 2
5 Yr 7.0% * 0.8% 9.9% 40.18% 3
10 Yr 6.0% * 1.4% 6.7% 8.59% 1

* Annualized


Total Return Ranking - Calendar

Period TRRGX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.5% -33.1% 1.2% 42.82% 3
2014 N/A 5.0% 5.1% N/A N/A
2013 N/A 23.3% 24.9% N/A N/A
2012 N/A 15.9% 16.4% N/A N/A
2011 N/A -2.7% -2.4% N/A N/A

NAV & Total Return History

TRRGX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

TRRGX Category Low Category High TRRGX % Rank Quintile
Net Assets 9.53 B 342 K 31.4 B 1.04% 1
Number of Holdings 19 2 9892 2.70% 3
Net Assets in Top 10 8.2 B 286 K 30.4 B 0.99% 1
Weighting of Top 10 86.0% 2.3% 103.8% 9.61% 2

Top 10 Holdings

  1. T. Rowe Price New Income 24.66%
  2. T. Rowe Price Equity Index 500 22.02%
  3. T. Rowe Price Ltd Dur Infl Focus Bd 11.52%
  4. T. Rowe Price International Gr & Inc 4.83%
  5. T. Rowe Price Overseas Stock 4.95%
  6. T. Rowe Price International Stock 4.37%
  7. T. Rowe Price Emerging Markets Bond 3.61%
  8. T. Rowe Price High Yield 3.51%
  9. T. Rowe Price International Bond 3.58%
  10. T. Rowe Price Growth Stock 2.96%

Asset Allocation

Weighting Category Low Category High TRRGX % Rank Quintile
Stocks
50.50% 0.34% 97.58% 19.21% 4
Bonds
43.27% -0.13% 101.10% 5.97% 2
Cash
5.05% -32.35% 94.64% 12.10% 3
Other
0.98% -1.71% 47.06% 9.45% 3
Preferred Stocks
0.11% -0.02% 7.79% 2.54% 3
Convertible Bonds
0.09% 0.00% 4.38% 2.49% 1

Stock Sector Breakdown

Weighting Category Low Category High TRRGX % Rank Quintile
Financial Services
8.14% 0.18% 17.43% 14.44% 4
Technology
7.59% 0.02% 21.09% 15.22% 4
Healthcare
6.94% 0.04% 17.25% 12.52% 4
Consumer Cyclical
6.17% 0.03% 15.84% 14.18% 4
Industrials
5.79% 0.04% 12.08% 13.19% 4
Consumer Defense
4.63% 0.03% 11.41% 12.73% 4
Energy
2.76% 0.07% 7.94% 11.90% 4
Basic Materials
2.46% 0.03% 7.27% 9.19% 4
Communication Services
2.20% 0.04% 5.22% 8.10% 3
Real Estate
2.04% 0.03% 18.29% 13.97% 4
Utilities
1.71% 0.00% 8.30% 7.38% 3

Stock Geographic Breakdown

Weighting Category Low Category High TRRGX % Rank Quintile
US
33.83% 0.06% 73.29% 18.90% 4
Non US
16.67% 0.00% 54.00% 17.19% 4

Bond Sector Breakdown

Weighting Category Low Category High TRRGX % Rank Quintile
Government
17.51% -27.29% 90.96% 4.62% 1
Securitized
13.28% 0.00% 25.32% 3.06% 1
Corporate
12.13% 0.00% 53.64% 9.66% 2
Cash & Equivalents
5.03% -46.20% 94.64% 12.20% 3
Municipal
0.27% 0.00% 2.32% 3.27% 2
Derivative
-0.01% -30.52% 57.07% 1.66% 4

Bond Geographic Breakdown

Weighting Category Low Category High TRRGX % Rank Quintile
US
33.33% -4.11% 90.96% 7.32% 2
Non US
9.94% 0.00% 25.33% 2.96% 1

TRRGX - Expenses

Operational Fees

TRRGX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.00% 0.00% 70.64% 19.47% 1
Management Fee 0.00% 0.00% 0.92% 2.20% 1
12b-1 Fee 0.00% 0.00% 1.00% 1.59% 1
Administrative Fee 0.15% 0.00% 0.40% 1.05% 3

Sales Fees

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

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

TRRGX Fees (% of AUM) Category Low Category High TRRGX Rank Quintile
Turnover 16.10% 0.00% 333.00% 6.59% 2

TRRGX - Distributions

Dividend Yield Analysis

TRRGX Category Low Category High TRRGX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.21% 25.95% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TRRGX Category Low Category High TRRGX % Rank Quintile
Net Income Ratio 1.91% -0.93% 10.75% 9.50% 2

Capital Gain Distribution Analysis

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

TRRGX - Managers

Jerome A. Clark

Manager

Start Date

Feb 27, 2004

Tenure

12.43

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

1.0

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

13.8

Category Average

4.96

Category Mode

1.6