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TRRKX T. Rowe Price Retirement 2045

  • Fund
  • TRRKX
  • Price as of: Aug 08, 2016
  • $16.06
  • - $0.00
  • - 0.00%
  • Category
  • Target Retirement Date

TRRKX - Profile

Vitals

  • YTD Return 5.9%
  • 3 Yr Annualized Return 7.7%
  • 5 Yr Annualized Return 9.1%
  • Net Assets $8.4 B
  • Holdings in Top 10 88.6%

52 WEEK LOW AND HIGH

$16.06
$13.45
$16.50

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 13.90%

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 2045

Distributions

  • YTD Total Return 5.9%
  • 3 Yr Annualized Total Return 7.7%
  • 5 Yr Annualized Total Return 9.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.39%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Retirement 2045 Fund
  • Fund Family Name T. Rowe Price
  • Inception Date May 31, 2005
  • 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 2045 Fund (TRRKX) is a target-date allocation fund designed for investors looking to retire between 2041 and 2045. TRRKX invests in 18 other mutual funds. As a target-date fund, TRRKX will slowly become more conservative as it approaches its end year. In addition, the fund 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, TRRKX makes a prime core choice for investors. The fund is internally managed by T. Rowe Price.

TRRKX - Performance

Return Ranking - Trailing

Period TRRKX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.9% -40.4% 17.0% 30.45% 2
1 Yr 0.7% -7.2% 17.3% 60.90% 4
3 Yr 7.7% * 0.4% 8.3% 2.61% 1
5 Yr 9.1% * 1.2% 9.9% 3.88% 1
10 Yr 6.7% * 1.9% 6.7% 0.25% 1

* Annualized


Return Ranking - Calendar

Period TRRKX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.3% -33.1% 1.2% 39.77% 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 TRRKX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.9% -40.4% 17.0% 30.96% 2
1 Yr 0.7% -11.0% 17.3% 50.88% 3
3 Yr 7.7% * -0.9% 8.3% 2.23% 1
5 Yr 9.1% * 0.8% 9.9% 3.44% 1
10 Yr 6.7% * 1.4% 6.7% 0.25% 1

* Annualized


Total Return Ranking - Calendar

Period TRRKX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.3% -33.1% 1.2% 39.89% 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

TRRKX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

TRRKX Category Low Category High TRRKX % Rank Quintile
Net Assets 8.4 B 342 K 31.4 B 1.19% 1
Number of Holdings 18 2 9892 2.75% 4
Net Assets in Top 10 7.44 B 286 K 30.4 B 1.14% 1
Weighting of Top 10 88.6% 2.3% 103.8% 8.36% 2

Top 10 Holdings

  1. T. Rowe Price Growth Stock 19.73%
  2. T. Rowe Price Value 19.08%
  3. T. Rowe Price International Gr & Inc 8.02%
  4. T. Rowe Price Equity Index 500 7.26%
  5. T. Rowe Price Overseas Stock 8.46%
  6. T. Rowe Price New Income 7.24%
  7. T. Rowe Price International Stock 7.40%
  8. T. Rowe Price Emerging Markets Stock 4.87%
  9. T. Rowe Price Real Assets 3.26%
  10. T. Rowe Price Mid-Cap Value 3.25%

Asset Allocation

Weighting Category Low Category High TRRKX % Rank Quintile
Stocks
84.76% 0.34% 97.58% 5.87% 2
Bonds
9.38% -0.13% 101.10% 19.89% 4
Cash
4.06% -32.35% 94.64% 15.32% 4
Other
1.72% -1.71% 47.06% 7.06% 2
Preferred Stocks
0.04% -0.02% 7.79% 2.91% 3
Convertible Bonds
0.03% 0.00% 4.38% 2.80% 2

Stock Sector Breakdown

Weighting Category Low Category High TRRKX % Rank Quintile
Financial Services
13.84% 0.18% 17.43% 3.27% 1
Healthcare
13.38% 0.04% 17.25% 0.26% 1
Technology
12.74% 0.02% 21.09% 4.68% 2
Consumer Cyclical
11.91% 0.03% 15.84% 1.40% 1
Industrials
9.69% 0.04% 12.08% 4.26% 2
Consumer Defense
6.83% 0.03% 11.41% 6.44% 2
Basic Materials
3.98% 0.03% 7.27% 3.22% 1
Energy
3.27% 0.07% 7.94% 9.92% 4
Utilities
3.19% 0.00% 8.30% 1.45% 1
Communication Services
3.05% 0.04% 5.22% 4.26% 2
Real Estate
2.69% 0.03% 18.29% 11.69% 3

Stock Geographic Breakdown

Weighting Category Low Category High TRRKX % Rank Quintile
US
55.25% 0.06% 73.29% 6.18% 2
Non US
29.51% 0.00% 54.00% 4.52% 1

Bond Sector Breakdown

Weighting Category Low Category High TRRKX % Rank Quintile
Cash & Equivalents
4.05% -46.20% 94.64% 15.63% 4
Securitized
3.57% 0.00% 25.32% 14.59% 3
Corporate
3.45% 0.00% 53.64% 20.40% 4
Government
2.27% -27.29% 90.96% 19.78% 5
Municipal
0.08% 0.00% 2.32% 4.26% 3
Derivative
0.00% -30.52% 57.07% 1.61% 2

Bond Geographic Breakdown

Weighting Category Low Category High TRRKX % Rank Quintile
US
6.53% -4.11% 90.96% 20.56% 4
Non US
2.85% 0.00% 25.33% 12.98% 3

TRRKX - Expenses

Operational Fees

TRRKX 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

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

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

TRRKX Fees (% of AUM) Category Low Category High TRRKX Rank Quintile
Turnover 13.90% 0.00% 333.00% 7.17% 2

TRRKX - Distributions

Dividend Yield Analysis

TRRKX Category Low Category High TRRKX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.21% 46.86% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TRRKX Category Low Category High TRRKX % Rank Quintile
Net Income Ratio 1.39% -0.93% 10.75% 12.20% 4

Capital Gain Distribution Analysis

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

TRRKX - Managers

Jerome A. Clark

Manager

Start Date

May 31, 2005

Tenure

11.18

Tenure Rank

0.1%

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