RRTRX: T. Rowe Price Retirement 2045 Fund - MutualFunds.com
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T. Rowe Price Retirement 2045 R

RRTRX - Snapshot

Vitals

  • YTD Return 10.5%
  • 3 Yr Annualized Return 14.3%
  • 5 Yr Annualized Return 14.1%
  • Net Assets $9.78 B
  • Holdings in Top 10 84.6%

52 WEEK LOW AND HIGH

$23.02
$17.00
$23.12

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.60%

SALES FEES

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

BROKERAGE FEES

  • Turnover 19.90%

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 2045

Compare RRTRX to Popular Target-Date 2045 Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$32.62

-1.24%

$38.97 B

1.51%

$0.50

9.13%

-

$30.76

-1.22%

$32.32 B

1.45%

$0.45

9.12%

-

$20.62

-1.06%

$21.83 B

0.65%

$0.14

8.53%

0.34%

$14.21

-1.18%

$19.53 B

-

$0.14

5.65%

0.75%

$23.26

-1.32%

$9.76 B

0.68%

$0.16

10.71%

0.09%

RRTRX - Profile

Distributions

  • YTD Total Return 10.5%
  • 3 Yr Annualized Total Return 14.3%
  • 5 Yr Annualized Total Return 14.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.92%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    T. Rowe Price Retirement 2045 Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    May 31, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • 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 2045) included in its name and assumes a retirement age of 65.


RRTRX - Performance

Return Ranking - Trailing

Period RRTRX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.5% 4.7% 10.9% 11.35%
1 Yr 41.9% 27.9% 45.4% 22.51%
3 Yr 14.3%* 9.4% 15.0% 12.26%
5 Yr 14.1%* 10.7% 14.8% 14.36%
10 Yr 10.6%* 7.7% 11.5% 15.20%

* Annualized

Return Ranking - Calendar

Period RRTRX Return Category Return Low Category Return High Rank in Category (%)
2020 13.1% 1.6% 15.5% 27.19%
2019 18.1% 5.3% 23.0% 48.48%
2018 -15.3% -27.7% -6.9% 58.96%
2017 18.1% -18.3% 20.0% 22.22%
2016 2.9% -4.8% 7.7% 74.83%

Total Return Ranking - Trailing

Period RRTRX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.5% 4.7% 10.9% 11.35%
1 Yr 41.9% 22.5% 45.4% 17.84%
3 Yr 14.3%* 7.2% 15.0% 12.82%
5 Yr 14.1%* 9.4% 14.8% 13.77%
10 Yr 10.6%* 7.7% 11.5% 14.63%

* Annualized

Total Return Ranking - Calendar

Period RRTRX Return Category Return Low Category Return High Rank in Category (%)
2020 13.1% 1.6% 15.5% 27.19%
2019 18.1% 5.3% 23.0% 48.48%
2018 -15.3% -23.9% -5.5% 79.77%
2017 18.1% -18.3% 26.2% 66.67%
2016 2.9% -2.6% 12.3% 97.20%

NAV & Total Return History


RRTRX - Holdings

Concentration Analysis

RRTRX Category Low Category High RRTRX % Rank
Net Assets 9.78 B 150 K 39 B 8.79%
Number of Holdings 26 1 530 25.94%
Net Assets in Top 10 7.86 B 75.2 K 38.3 B 10.04%
Weighting of Top 10 84.62% 39.6% 100.0% 53.24%

Top 10 Holdings

  1. T. Rowe Price Value Z 20.55%
  2. T. Rowe Price Growth Stock Z 17.91%
  3. T. Rowe Price Equity Index 500 Z 8.97%
  4. T. Rowe Price International Value Eq Z 7.65%
  5. T. Rowe Price Overseas Stock Z 7.38%
  6. T. Rowe Price International Stock Z 7.13%
  7. T. Rowe Price Emerging Markets Stock Z 4.12%
  8. T. Rowe Price Mid-Cap Growth Z 4.09%
  9. T. Rowe Price Mid-Cap Value Z 4.05%
  10. T. Rowe Price Small-Cap Stock Z 2.78%

Asset Allocation

Weighting Return Low Return High RRTRX % Rank
Stocks
90.80% 66.57% 97.67% 23.85%
Bonds
3.92% -5.08% 96.07% 88.28%
Cash
3.32% -82.28% 33.77% 41.42%
Other
1.90% -0.20% 19.97% 17.15%
Preferred Stocks
0.03% 0.00% 0.36% 46.03%
Convertible Bonds
0.03% 0.00% 1.45% 88.70%

Stock Sector Breakdown

Weighting Return Low Return High RRTRX % Rank
Technology
18.27% 14.77% 21.23% 63.60%
Financial Services
16.27% 12.67% 18.36% 25.10%
Healthcare
12.94% 9.00% 15.61% 19.25%
Consumer Cyclical
12.83% 9.20% 14.26% 28.03%
Industrials
11.38% 9.48% 14.56% 47.70%
Communication Services
10.28% 6.93% 10.85% 7.11%
Basic Materials
4.87% 2.87% 5.56% 38.49%
Consumer Defense
4.74% 4.54% 11.97% 96.23%
Real Estate
3.30% 1.82% 9.38% 63.60%
Utilities
2.78% 0.55% 4.66% 28.87%
Energy
2.35% 1.72% 3.88% 93.72%

Stock Geographic Breakdown

Weighting Return Low Return High RRTRX % Rank
US
58.83% 34.12% 70.42% 18.83%
Non US
31.97% 17.53% 45.31% 49.37%

Bond Sector Breakdown

Weighting Return Low Return High RRTRX % Rank
Cash & Equivalents
43.64% 1.06% 70.57% 15.48%
Government
34.18% 0.07% 71.30% 38.49%
Corporate
12.39% 0.09% 63.17% 83.26%
Securitized
9.72% 0.00% 31.28% 62.76%
Municipal
0.04% 0.00% 20.00% 66.11%
Derivative
0.02% 0.00% 31.97% 57.32%

Bond Geographic Breakdown

Weighting Return Low Return High RRTRX % Rank
US
2.60% 0.51% 61.46% 94.56%
Non US
1.32% -42.29% 34.61% 49.37%

RRTRX - Expenses

Operational Fees

RRTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.01% 44.47% 45.12%
Management Fee 0.71% 0.00% 0.90% 94.57%
12b-1 Fee 0.50% 0.00% 1.00% 80.83%
Administrative Fee 0.15% 0.01% 0.30% 59.18%

Sales Fees

RRTRX 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

RRTRX 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.

RRTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.90% 3.00% 101.00% 35.21%

RRTRX - Distributions

Dividend Yield Analysis

RRTRX Category Low Category High RRTRX % Rank
Dividend Yield 0.00% 0.00% 0.14% 64.85%

Dividend Distribution Analysis

RRTRX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Monthly Semi-Annually

Net Income Ratio Analysis

RRTRX Category Low Category High RRTRX % Rank
Net Income Ratio 0.92% -0.14% 6.89% 86.34%

Capital Gain Distribution Analysis

RRTRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Semi-Monthly

Dividend Payout History

View More +

RRTRX - 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 4.89 1.41