PARDX: T. Rowe Price Retirement 2040 Fund - MutualFunds.com
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T. Rowe Price Retirement 2040 Advisor

PARDX - Snapshot

Vitals

  • YTD Return 11.3%
  • 3 Yr Annualized Return 14.1%
  • 5 Yr Annualized Return 14.0%
  • Net Assets $16.5 B
  • Holdings in Top 10 81.8%

52 WEEK LOW AND HIGH

$33.14
$25.25
$33.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.34%

SALES FEES

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

BROKERAGE FEES

  • Turnover 15.70%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2040

Compare PARDX to Popular Target-Date 2040 Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$32.07

+0.98%

$44.68 B

1.54%

$0.49

9.27%

-

$48.36

+0.98%

$33.11 B

1.50%

$0.72

9.24%

-

$12.55

+1.13%

$29.80 B

-

$0.12

6.81%

0.75%

$20.39

+0.30%

$27.99 B

0.72%

$0.14

9.80%

0.34%

$33.90

+1.10%

$16.50 B

0.75%

$0.25

11.40%

0.09%

PARDX - Profile

Distributions

  • YTD Total Return 11.3%
  • 3 Yr Annualized Total Return 14.1%
  • 5 Yr Annualized Total Return 14.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.26%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    T. Rowe Price Retirement 2040 Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Oct 30, 2003
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Wyatt Lee

Fund Description

The fund invests in a diversified portfolio of other T. Rowe Price stock and bond mutual funds that represent various asset classes and sectors. Its allocation among T. Rowe Price mutual funds will change over time in relation to its target retirement date. The fund is managed based on the specific retirement year (target date 2040) included in its name and assumes a retirement age of 65.


PARDX - Performance

Return Ranking - Trailing

Period PARDX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.3% 4.6% 11.5% 2.31%
1 Yr 40.1% 24.9% 45.4% 14.22%
3 Yr 14.1%* 8.1% 14.9% 11.06%
5 Yr 14.0%* 9.6% 14.7% 11.30%
10 Yr 10.7%* 7.4% 11.4% 8.06%

* Annualized

Return Ranking - Calendar

Period PARDX Return Category Return Low Category Return High Rank in Category (%)
2020 12.3% 1.3% 14.9% 23.04%
2019 17.4% 4.1% 22.6% 48.50%
2018 -15.4% -23.1% -6.9% 55.93%
2017 17.3% -15.1% 18.8% 24.85%
2016 2.7% -0.2% 8.2% 72.73%

Total Return Ranking - Trailing

Period PARDX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.3% 4.6% 11.5% 2.31%
1 Yr 40.1% 18.2% 45.4% 12.09%
3 Yr 14.1%* 6.0% 14.9% 10.66%
5 Yr 14.0%* 8.4% 14.7% 10.29%
10 Yr 10.7%* 7.4% 11.4% 7.38%

* Annualized

Total Return Ranking - Calendar

Period PARDX Return Category Return Low Category Return High Rank in Category (%)
2020 12.3% 1.3% 14.9% 23.04%
2019 17.4% 4.1% 22.6% 48.50%
2018 -7.6% -23.1% -5.5% 10.73%
2017 21.7% -15.1% 26.3% 2.42%
2016 7.3% -0.1% 10.6% 37.76%

NAV & Total Return History


PARDX - Holdings

Concentration Analysis

PARDX Category Low Category High PARDX % Rank
Net Assets 16.5 B 170 K 44.7 B 9.25%
Number of Holdings 29 4 530 16.30%
Net Assets in Top 10 12.9 B 134 K 43.8 B 9.25%
Weighting of Top 10 81.77% 37.3% 100.0% 58.88%

Top 10 Holdings

  1. T. Rowe Price Value Z 19.27%
  2. T. Rowe Price Growth Stock Z 16.95%
  3. T. Rowe Price Equity Index 500 Z 9.02%
  4. T. Rowe Price International Value Eq Z 7.34%
  5. T. Rowe Price Overseas Stock Z 7.09%
  6. T. Rowe Price International Stock Z 6.79%
  7. T. Rowe Price Emerging Markets Stock Z 3.94%
  8. T. Rowe Price Mid-Cap Growth Z 3.93%
  9. T. Rowe Price Mid-Cap Value Z 3.82%
  10. T. Rowe Price New Income Z 3.61%

Asset Allocation

Weighting Return Low Return High PARDX % Rank
Stocks
86.56% 64.01% 89.21% 25.55%
Bonds
7.79% -0.78% 92.77% 88.99%
Cash
3.76% -68.62% 32.05% 43.61%
Other
1.79% -0.57% 7.24% 14.54%
Convertible Bonds
0.05% 0.00% 1.05% 92.51%
Preferred Stocks
0.04% 0.00% 0.47% 50.66%

Stock Sector Breakdown

Weighting Return Low Return High PARDX % Rank
Technology
18.30% 14.76% 21.33% 59.47%
Financial Services
16.25% 12.37% 18.50% 27.75%
Healthcare
12.95% 9.00% 15.56% 17.18%
Consumer Cyclical
12.82% 9.19% 14.13% 30.84%
Industrials
11.36% 9.42% 14.56% 51.98%
Communication Services
10.27% 6.91% 10.75% 10.57%
Basic Materials
4.87% 2.91% 5.95% 37.00%
Consumer Defense
4.76% 4.57% 11.96% 96.48%
Real Estate
3.29% 1.83% 9.51% 64.32%
Utilities
2.77% 0.55% 4.64% 33.04%
Energy
2.35% 1.72% 3.91% 93.39%

Stock Geographic Breakdown

Weighting Return Low Return High PARDX % Rank
US
56.16% 31.75% 68.04% 14.10%
Non US
30.40% 16.95% 43.65% 44.49%

Bond Sector Breakdown

Weighting Return Low Return High PARDX % Rank
Government
40.08% 8.80% 63.84% 29.52%
Cash & Equivalents
30.84% 0.70% 47.63% 28.63%
Corporate
18.35% 0.09% 56.87% 73.13%
Securitized
10.63% 0.00% 32.28% 70.93%
Municipal
0.08% 0.00% 17.70% 66.96%
Derivative
0.02% 0.00% 27.97% 58.59%

Bond Geographic Breakdown

Weighting Return Low Return High PARDX % Rank
US
5.15% 2.92% 60.45% 99.56%
Non US
2.64% -40.02% 32.32% 30.84%

PARDX - Expenses

Operational Fees

PARDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.34% 0.01% 6.19% 71.14%
Management Fee 0.69% 0.00% 0.88% 93.75%
12b-1 Fee 0.25% 0.00% 1.00% 51.22%
Administrative Fee 0.15% 0.01% 0.30% 56.00%

Sales Fees

PARDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

PARDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

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.

PARDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.70% 2.00% 101.00% 20.95%

PARDX - Distributions

Dividend Yield Analysis

PARDX Category Low Category High PARDX % Rank
Dividend Yield 0.00% 0.00% 0.14% 59.03%

Dividend Distribution Analysis

PARDX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Quarterly

Net Income Ratio Analysis

PARDX Category Low Category High PARDX % Rank
Net Income Ratio 1.26% -0.14% 6.53% 73.43%

Capital Gain Distribution Analysis

PARDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

PARDX - Fund Manager Analysis

Managers

Wyatt Lee


Start Date

Tenure

Tenure Rank

Aug 01, 2015

5.84

5.8%

Wyatt Lee, CFA is a Vice President and Portfolio Manager at T. Rowe Price. Mr. Lee became chairman of the committee in 2011. He joined the Firm in 1999 and his investment experience dates from 1997.

Kimberly DeDominicis


Start Date

Tenure

Tenure Rank

Oct 01, 2019

1.67

1.7%

Ms. DeDominicis originally joined T. Rowe Price in 1998 and returned to the Firm in 2003. Her investment experience dates from 1999. Ms. DeDominicis has served as an associate portfolio manager for the target date strategies during the past five years.

Andrew van Merlen


Start Date

Tenure

Tenure Rank

Jan 01, 2020

1.41

1.4%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 16.59 5.04 1.41