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TRRIX T. Rowe Price Retirement Balanced

  • Fund
  • TRRIX
  • Price as of: Aug 08, 2016
  • $15.03
  • + $0.01
  • + 0.07%
  • Category
  • Retirement Income

TRRIX - Profile

Vitals

  • YTD Return 5.5%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 5.1%
  • Net Assets $2.95 B
  • Holdings in Top 10 93.4%

52 WEEK LOW AND HIGH

$15.03
$13.63
$15.03

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 12.10%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Retirement Income
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 5.5%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.58%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name T. Rowe Price Retirement Balanced 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 Income Fund (TRRIX) is a target-date allocation fund designed for investors currently in retirement. TRRIX invests in 16 other mutual funds. As a target-date income fund, TRRIX has already hit its most conservative allocation for the next 20 years; it holds approximately 60% of its portfolio in bonds and 40% in stocks.

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

TRRIX - Performance

Return Ranking - Trailing

Period TRRIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.5% -17.6% 7.5% 17.34% 1
1 Yr 3.5% -4.5% 9.2% 23.68% 2
3 Yr 4.5% * 0.8% 7.3% 20.12% 1
5 Yr 5.1% * 1.6% 8.8% 17.09% 1
10 Yr 5.2% * 2.0% 6.4% 14.29% 1

* Annualized


Return Ranking - Calendar

Period TRRIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.0% -17.6% 1.0% 31.93% 2
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

Total Return Ranking - Trailing

Period TRRIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.5% -17.6% 7.5% 17.34% 1
1 Yr 3.5% -8.3% 9.2% 18.42% 1
3 Yr 4.5% * 0.8% 7.3% 18.90% 1
5 Yr 5.1% * 1.2% 8.8% 15.19% 1
10 Yr 5.2% * 2.0% 6.4% 12.09% 1

* Annualized


Total Return Ranking - Calendar

Period TRRIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.0% -17.6% 1.0% 31.93% 2
2014 N/A 4.6% 4.6% N/A N/A
2013 N/A 6.1% 6.1% N/A N/A
2012 N/A 8.8% 8.8% N/A N/A
2011 N/A 5.8% 5.8% N/A N/A

NAV & Total Return History

TRRIX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

TRRIX Category Low Category High TRRIX % Rank Quintile
Net Assets 2.95 B 1.21 M 10.7 B 1.05% 1
Number of Holdings 17 2 9868 10.53% 3
Net Assets in Top 10 2.75 B 940 K 10.5 B 1.05% 1
Weighting of Top 10 93.4% 2.0% 105.2% 8.42% 2

Top 10 Holdings

  1. T. Rowe Price Ltd Dur Infl Focus Bd 30.08%
  2. T. Rowe Price Equity Index 500 20.37%
  3. T. Rowe Price New Income 20.98%
  4. T. Rowe Price International Gr & Inc 3.62%
  5. T. Rowe Price Overseas Stock 3.69%
  6. T. Rowe Price Emerging Markets Bond 3.11%
  7. T. Rowe Price High Yield 3.00%
  8. T. Rowe Price International Stock 3.28%
  9. T. Rowe Price International Bond 3.07%
  10. T. Rowe Price Emerging Markets Stock 2.15%

Asset Allocation

Weighting Category Low Category High TRRIX % Rank Quintile
Bonds
56.79% 0.00% 98.48% 12.63% 3
Stocks
38.10% 0.00% 98.64% 7.89% 2
Cash
4.40% -16.06% 60.14% 21.58% 4
Other
0.56% -1.01% 19.54% 13.68% 3
Preferred Stocks
0.09% 0.00% 4.85% 12.63% 3
Convertible Bonds
0.07% 0.00% 15.15% 7.89% 2

Stock Sector Breakdown

Weighting Category Low Category High TRRIX % Rank Quintile
Financial Services
6.15% 0.00% 15.28% 6.67% 1
Technology
5.72% 0.00% 16.12% 7.22% 2
Healthcare
5.04% 0.09% 14.04% 6.11% 1
Consumer Cyclical
4.37% 0.09% 13.93% 10.00% 2
Industrials
4.33% 0.08% 11.44% 8.89% 2
Consumer Defense
3.68% 0.07% 8.42% 5.56% 1
Energy
2.27% -0.32% 4.73% 7.78% 2
Basic Materials
1.85% 0.00% 3.81% 5.56% 1
Communication Services
1.74% 0.00% 2.91% 3.33% 1
Real Estate
1.64% 0.00% 11.61% 16.11% 3
Utilities
1.26% 0.02% 3.85% 7.22% 2

Stock Geographic Breakdown

Weighting Category Low Category High TRRIX % Rank Quintile
US
25.50% 0.00% 67.24% 10.00% 2
Non US
12.60% 0.00% 31.40% 5.79% 1

Bond Sector Breakdown

Weighting Category Low Category High TRRIX % Rank Quintile
Government
32.21% 0.00% 98.48% 2.63% 1
Securitized
13.32% 0.00% 29.54% 15.26% 3
Corporate
10.98% 0.00% 44.95% 25.26% 5
Cash & Equivalents
4.38% -4.22% 59.16% 22.63% 4
Municipal
0.23% 0.00% 3.27% 13.68% 3
Derivative
-0.01% -26.92% 0.21% 4.21% 4

Bond Geographic Breakdown

Weighting Category Low Category High TRRIX % Rank Quintile
US
48.33% 0.00% 98.48% 14.74% 3
Non US
8.46% 0.00% 17.92% 8.42% 2

TRRIX - Expenses

Operational Fees

TRRIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.00% 0.00% 74.46% 55.26% 1
Management Fee 0.00% 0.00% 0.80% 11.05% 1
12b-1 Fee 0.00% 0.00% 1.00% 12.50% 1
Administrative Fee 0.15% 0.00% 0.40% 8.82% 3

Sales Fees

TRRIX Fees (% of AUM) Category Low Category High TRRIX Rank Quintile
Front Load N/A 2.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

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

TRRIX Fees (% of AUM) Category Low Category High TRRIX Rank Quintile
Turnover 12.10% 10.00% 194.00% 20.53% 1

TRRIX - Distributions

Dividend Yield Analysis

TRRIX Category Low Category High TRRIX % Rank Quintile
Dividend Yield 0.1% 0.01% 1.14% 59.30% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TRRIX Category Low Category High TRRIX % Rank Quintile
Net Income Ratio 1.58% -0.82% 10.47% 35.26% 3

Capital Gain Distribution Analysis

TRRIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

TRRIX - Managers

Jerome A. Clark

Manager

Start Date

Sep 30, 2002

Tenure

13.84

Tenure Rank

0.2%

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

12.6%

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

5.88

Category Mode

1.6