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TRRNX T. Rowe Price Retirement 2055

  • Fund
  • TRRNX
  • Price as of: Sep 21, 2017
  • $15.36
  • - $0.02
  • - 0.13%
  • Category
  • Target Retirement Date

TRRNX - Profile

Vitals

  • YTD Return 16.6%
  • 3 Yr Annualized Return 7.3%
  • 5 Yr Annualized Return 11.9%
  • Net Assets $3.59 B
  • Holdings in Top 10 87.3%

52 WEEK LOW AND HIGH

$15.36
$13.13
$15.38

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 2055

Distributions

  • YTD Total Return 16.6%
  • 3 Yr Annualized Total Return 7.3%
  • 5 Yr Annualized Total Return 11.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.31%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Retirement 2055 Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Dec 29, 2006
  • 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 2055 Fund (TRRNX) is a target-date allocation fund designed for investors looking to retire between 2051 and 2055. TRRNX invests in 18 different mutual funds. As a target-date fund, TRRNX slowly becomes more conservative as it approaches its end year. Further, TRRNX 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, TRRNX makes a prime core choice for investors. The fund is internally managed by T. Rowe Price.

TRRNX - Performance

Return Ranking - Trailing

Period TRRNX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 16.6% -40.4% 434.9% 1.23% 1
1 Yr 17.1% -20.8% 17.6% 0.94% 1
3 Yr 7.3% * -1.6% 7.5% 1.02% 1
5 Yr 11.9% * -0.1% 12.1% 0.84% 1
10 Yr 6.6% * 0.5% 6.6% 1.24% 1

* Annualized


Return Ranking - Calendar

Period TRRNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 3.6% -17.1% 8.3% 42.31% 3
2015 -4.5% -33.1% 7.6% 27.81% 2
2014 2.9% -33.3% 21.0% 20.28% 2
2013 22.7% -8.5% 23.9% 3.91% 1
2012 15.3% -10.4% 15.8% 2.92% 1

Total Return Ranking - Trailing

Period TRRNX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 16.6% -40.4% 434.9% 1.23% 1
1 Yr 17.1% -23.4% 21.2% 1.20% 1
3 Yr 7.3% * -1.3% 13.0% 1.38% 1
5 Yr 11.9% * -1.3% 12.1% 0.84% 1
10 Yr 6.6% * -0.1% 6.6% 1.24% 1

* Annualized


Total Return Ranking - Calendar

Period TRRNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 3.6% -17.1% 9.3% 52.18% 3
2015 0.1% -25.3% 7.9% 8.01% 1
2014 6.7% -4.8% 35.8% 26.04% 2
2013 29.6% -6.7% 49.0% 10.32% 1
2012 21.3% -13.8% 43.6% 16.21% 1

NAV & Total Return History

TRRNX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

TRRNX Category Low Category High TRRNX % Rank Quintile
Net Assets 3.59 B 437 K 36.5 B 3.69% 1
Number of Holdings 19 2 9892 3.12% 4
Net Assets in Top 10 3.04 B 178 K 36.5 B 3.27% 1
Weighting of Top 10 87.3% 2.3% 111.6% 9.55% 2

Top 10 Holdings

  1. T. Rowe Price Growth Stock 20.15%
  2. T. Rowe Price Value 18.26%
  3. T. Rowe Price International Value Eq 7.90%
  4. T. Rowe Price Equity Index 500 6.79%
  5. T. Rowe Price Overseas Stock 8.28%
  6. T. Rowe Price New Income 7.99%
  7. T. Rowe Price International Stock 7.52%
  8. T. Rowe Price Emerging Markets Stock 3.34%
  9. T. Rowe Price Mid-Cap Value 3.52%
  10. T. Rowe Price Mid-Cap Growth 3.52%

Asset Allocation

Weighting Category Low Category High TRRNX % Rank Quintile
Stocks
84.97% 0.49% 98.40% 6.28% 2
Bonds
10.11% 0.00% 101.10% 21.60% 4
Cash
4.23% -32.35% 97.05% 12.67% 3
Other
0.61% -3.52% 47.06% 12.72% 4
Preferred Stocks
0.05% 0.00% 7.99% 2.65% 3
Convertible Bonds
0.04% 0.00% 4.38% 2.86% 2

Stock Sector Breakdown

Weighting Category Low Category High TRRNX % Rank Quintile
Financial Services
16.62% 0.18% 19.16% 1.35% 1
Technology
14.05% 0.02% 18.73% 4.36% 2
Healthcare
12.67% 0.04% 17.05% 0.47% 1
Consumer Cyclical
11.57% 0.03% 14.39% 1.61% 1
Industrials
8.27% 0.04% 12.35% 7.95% 2
Consumer Defense
7.01% 0.03% 11.77% 4.42% 2
Basic Materials
3.41% 0.03% 8.74% 7.58% 3
Energy
3.14% 0.07% 8.23% 9.66% 3
Utilities
3.07% 0.01% 5.41% 1.51% 1
Communication Services
2.74% 0.04% 4.23% 4.78% 2
Real Estate
2.40% 0.03% 21.90% 11.79% 3

Stock Geographic Breakdown

Weighting Category Low Category High TRRNX % Rank Quintile
US
56.09% 0.06% 80.98% 5.14% 1
Non US
28.88% 0.00% 54.00% 7.11% 2

Bond Sector Breakdown

Weighting Category Low Category High TRRNX % Rank Quintile
Cash & Equivalents
4.22% -46.20% 97.04% 13.19% 3
Corporate
3.93% 0.00% 53.64% 20.15% 4
Securitized
3.65% 0.00% 24.93% 15.37% 3
Government
2.44% -27.29% 93.78% 21.96% 5
Municipal
0.09% 0.00% 7.56% 4.15% 3
Derivative
-0.01% -30.52% 57.07% 3.22% 4

Bond Geographic Breakdown

Weighting Category Low Category High TRRNX % Rank Quintile
US
7.28% -4.11% 93.78% 22.53% 4
Non US
2.83% 0.00% 30.18% 15.06% 3

TRRNX - Expenses

Operational Fees

TRRNX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.00% 0.00% 14.71% 16.25% 1
Management Fee 0.00% 0.00% 0.93% 3.82% 1
12b-1 Fee 0.00% 0.00% 1.00% 1.51% 1
Administrative Fee 0.15% 0.00% 0.40% 0.95% 3

Sales Fees

TRRNX Fees (% of AUM) Category Low Category High TRRNX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.00% N/A N/A

Trading Fees

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

TRRNX Fees (% of AUM) Category Low Category High TRRNX Rank Quintile
Turnover 13.90% 0.00% 333.00% 6.70% 2

TRRNX - Distributions

Dividend Yield Analysis

TRRNX Category Low Category High TRRNX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.21% 51.48% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TRRNX Category Low Category High TRRNX % Rank Quintile
Net Income Ratio 1.31% -0.93% 7.13% 11.37% 4

Capital Gain Distribution Analysis

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

TRRNX - Managers

Jerome A. Clark

Manager

Start Date

Dec 29, 2006

Tenure

10.68

Tenure Rank

0.3%

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

2.08

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

14.9

Category Average

5.05

Category Mode

2.7