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TRRJX T. Rowe Price Retirement 2035

  • Fund
  • TRRJX
  • Price as of: Aug 08, 2016
  • $16.76
  • - $0.00
  • - 0.00%
  • Category
  • Target Retirement Date

TRRJX - Profile

Vitals

  • YTD Return 6.1%
  • 3 Yr Annualized Return 7.6%
  • 5 Yr Annualized Return 8.9%
  • Net Assets $14.2 B
  • Holdings in Top 10 87.3%

52 WEEK LOW AND HIGH

$16.76
$14.13
$17.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 15.20%

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 2035

Distributions

  • YTD Total Return 6.1%
  • 3 Yr Annualized Total Return 7.6%
  • 5 Yr Annualized Total Return 8.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.51%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Retirement 2035 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 2035 Fund (TRRJX) is a target-date allocation fund designed for investors looking to retire between 2031 and 2035. TRRJX invests in 18 different mutual funds. As a target-date fund, it will slowly become more conservative as it approaches its end year. At the same time, TRRJX is a through fund, meaning it will keep a higher allocation to equities in retirement.

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

TRRJX - Performance

Return Ranking - Trailing

Period TRRJX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.1% -40.4% 17.0% 24.97% 2
1 Yr 1.2% -7.2% 17.3% 52.70% 3
3 Yr 7.6% * 0.4% 8.3% 3.44% 1
5 Yr 8.9% * 1.2% 9.9% 5.08% 1
10 Yr 6.6% * 1.9% 6.7% 1.01% 1

* Annualized


Return Ranking - Calendar

Period TRRJX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.2% -33.1% 1.2% 39.23% 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 TRRJX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.1% -40.4% 17.0% 25.32% 2
1 Yr 1.2% -11.0% 17.3% 44.03% 3
3 Yr 7.6% * -0.9% 8.3% 3.06% 1
5 Yr 8.9% * 0.8% 9.9% 4.63% 1
10 Yr 6.6% * 1.4% 6.7% 1.01% 1

* Annualized


Total Return Ranking - Calendar

Period TRRJX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.2% -33.1% 1.2% 39.41% 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

TRRJX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

TRRJX Category Low Category High TRRJX % Rank Quintile
Net Assets 14.2 B 342 K 31.4 B 0.73% 1
Number of Holdings 18 2 9892 2.75% 4
Net Assets in Top 10 12.4 B 286 K 30.4 B 0.62% 1
Weighting of Top 10 87.3% 2.3% 103.8% 9.09% 2

Top 10 Holdings

  1. T. Rowe Price Growth Stock 16.99%
  2. T. Rowe Price Value 16.39%
  3. T. Rowe Price New Income 11.43%
  4. T. Rowe Price Equity Index 500 9.56%
  5. T. Rowe Price International Gr & Inc 7.54%
  6. T. Rowe Price Overseas Stock 7.91%
  7. T. Rowe Price International Stock 6.89%
  8. T. Rowe Price Emerging Markets Stock 4.50%
  9. T. Rowe Price Real Assets 3.03%
  10. T. Rowe Price Mid-Cap Value 3.05%

Asset Allocation

Weighting Category Low Category High TRRJX % Rank Quintile
Stocks
79.51% 0.34% 97.58% 9.03% 2
Bonds
14.74% -0.13% 101.10% 16.87% 4
Cash
4.45% -32.35% 94.64% 13.97% 3
Other
1.19% -1.71% 47.06% 8.83% 3
Preferred Stocks
0.05% -0.02% 7.79% 2.86% 3
Convertible Bonds
0.04% 0.00% 4.38% 2.75% 2

Stock Sector Breakdown

Weighting Category Low Category High TRRJX % Rank Quintile
Financial Services
13.18% 0.18% 17.43% 4.88% 2
Technology
11.87% 0.02% 21.09% 7.22% 2
Healthcare
11.75% 0.04% 17.25% 1.56% 1
Consumer Cyclical
10.87% 0.03% 15.84% 3.53% 1
Industrials
8.83% 0.04% 12.08% 6.55% 2
Consumer Defense
6.57% 0.03% 11.41% 7.22% 3
Energy
3.94% 0.07% 7.94% 7.32% 3
Basic Materials
3.68% 0.03% 7.27% 4.47% 2
Communication Services
3.05% 0.04% 5.22% 4.26% 2
Utilities
2.91% 0.00% 8.30% 2.29% 1
Real Estate
2.71% 0.03% 18.29% 11.58% 3

Stock Geographic Breakdown

Weighting Category Low Category High TRRJX % Rank Quintile
US
51.02% 0.06% 73.29% 9.55% 2
Non US
28.49% 0.00% 54.00% 5.76% 2

Bond Sector Breakdown

Weighting Category Low Category High TRRJX % Rank Quintile
Securitized
5.64% 0.00% 25.32% 11.79% 3
Corporate
5.43% 0.00% 53.64% 17.24% 4
Cash & Equivalents
4.44% -46.20% 94.64% 14.28% 4
Government
3.53% -27.29% 90.96% 17.29% 4
Municipal
0.12% 0.00% 2.32% 4.05% 3
Derivative
0.00% -30.52% 57.07% 1.61% 2

Bond Geographic Breakdown

Weighting Category Low Category High TRRJX % Rank Quintile
US
10.29% -4.11% 90.96% 17.91% 4
Non US
4.45% 0.00% 25.33% 8.93% 2

TRRJX - Expenses

Operational Fees

TRRJX 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

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

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

TRRJX Fees (% of AUM) Category Low Category High TRRJX Rank Quintile
Turnover 15.20% 0.00% 333.00% 6.91% 2

TRRJX - Distributions

Dividend Yield Analysis

TRRJX Category Low Category High TRRJX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.21% 44.47% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TRRJX Category Low Category High TRRJX % Rank Quintile
Net Income Ratio 1.51% -0.93% 10.75% 11.58% 3

Capital Gain Distribution Analysis

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

TRRJX - 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