TRRBX: T. Rowe Price Retirement 2020

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TRRBX T. Rowe Price Retirement 2020

  • Fund
  • TRRBX
  • Price as of: Dec 10, 2019
  • $22.80
    - $0.01 - 0.04%

Profile

TRRBX - Profile

Vitals

  • YTD Return 16.7%
  • 3 Yr Annualized Return 2.4%
  • 5 Yr Annualized Return 1.3%
  • Net Assets $17.8 B
  • Holdings in Top 10 75.2%

52 WEEK LOW AND HIGH

$22.80
$18.99
$22.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 15.80%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 16.7%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.99%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    T. Rowe Price Retirement 2020 Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Sep 30, 2002
  • 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 2020 Fund (TRRBX) is a target-date allocation fund designed for investors looking to retire between 2016 and 2020. The fund invests in 18 other mutual funds. As a target-date fund, TRRBX will slowly become more conservative as it approaches its end year. TRRBX is a through fund and will keep a higher allocation to equities in retirement.

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


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Categories

Fund Company Quick Screens

TRRBX - Fund Company Quick Screens


Performance

TRRBX - Performance

Return Ranking - Trailing

Period TRRBX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.7% 6.1% 25.3% 39.22%
1 Yr 4.5% 0.9% 16.0% 95.16%
3 Yr 2.4%* -4.6% 12.2% 71.49%
5 Yr 1.3%* -3.3% 8.4% 55.99%
10 Yr 4.4%* -5.8% 10.5% 44.18%

* Annualized

Return Ranking - Calendar

Period TRRBX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.4% -17.8% -3.6% 90.96%
2017 10.4% -12.3% 20.9% 46.47%
2016 3.7% -4.2% 7.5% 58.52%
2015 -4.9% -13.0% -0.3% 52.98%
2014 1.6% -49.7% 34.8% 64.39%

Total Return Ranking - Trailing

Period TRRBX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.7% 6.1% 25.3% 39.22%
1 Yr 4.5% 1.9% 21.8% 97.34%
3 Yr 2.4%* -4.6% 12.2% 93.74%
5 Yr 1.3%* -3.3% 8.9% 91.32%
10 Yr 4.4%* -3.9% 10.5% 75.10%

* Annualized

Total Return Ranking - Calendar

Period TRRBX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.4% -17.6% -0.9% 93.78%
2017 10.4% -12.3% 24.1% 58.89%
2016 3.7% 0.2% 9.8% 78.38%
2015 -4.9% -9.4% 0.7% 81.19%
2014 1.6% -47.6% 39.2% 86.74%

NAV & Total Return History


Holdings

TRRBX - Holdings

Concentration Analysis

TRRBX Category Low Category High TRRBX % Rank
Net Assets 17.8 B 112 K 28.1 B 9.49%
Number of Holdings 22 2 52 34.68%
Net Assets in Top 10 13.3 B 88.3 K 27.5 B 3.73%
Weighting of Top 10 75.19% 59.3% 102.9% 61.28%

Top 10 Holdings

  1. T. Rowe Price Equity Index 500 18.01%
  2. T. Rowe Price New Income 15.05%
  3. T. Rowe Price Ltd Dur Infl Focus Bd 8.62%
  4. T. Rowe Price Value 5.34%
  5. T. Rowe Price Growth Stock 5.20%
  6. T. Rowe Price Intl Bd (USD Hdgd) 5.16%
  7. T. Rowe Price Overseas Stock 4.93%
  8. T. Rowe Price International Stock 4.91%
  9. T. Rowe Price International Value Eq 4.27%
  10. T. Rowe Price Emerging Markets Bond 3.69%

Asset Allocation

Weighting Return Low Return High TRRBX % Rank
Stocks
55.57% 15.75% 93.73% 47.43%
Bonds
40.99% -40.53% 79.64% 49.77%
Cash
3.14% -31.77% 112.41% 61.74%
Convertible Bonds
0.18% 0.00% 1.22% 45.10%
Preferred Stocks
0.11% 0.00% 7.24% 60.96%
Other
0.02% -0.37% 14.60% 56.30%

Stock Sector Breakdown

Weighting Return Low Return High TRRBX % Rank
Technology
11.18% 0.99% 19.21% 41.37%
Financial Services
9.73% 1.33% 17.42% 39.50%
Healthcare
7.44% 0.90% 13.01% 47.12%
Consumer Cyclical
6.50% 1.48% 12.56% 45.72%
Industrials
5.80% 0.87% 14.42% 46.50%
Consumer Defense
4.42% 0.73% 9.84% 53.50%
Energy
2.56% 0.59% 6.98% 63.45%
Basic Materials
2.39% 0.45% 4.91% 50.39%
Utilities
1.99% 0.12% 7.71% 52.88%
Real Estate
1.89% 0.40% 10.30% 60.19%
Communication Services
1.27% 0.21% 7.79% 84.14%

Stock Geographic Breakdown

Weighting Return Low Return High TRRBX % Rank
US
36.73% 6.94% 64.06% 50.70%
Non US
18.84% 5.34% 39.15% 47.74%

Bond Sector Breakdown

Weighting Return Low Return High TRRBX % Rank
Government
21.35% -0.35% 74.89% 43.70%
Corporate
11.18% 0.00% 35.85% 42.46%
Securitized
8.76% 0.00% 27.36% 48.21%
Cash & Equivalents
3.14% -47.12% 112.41% 61.43%
Municipal
0.01% 0.00% 6.91% 77.29%
Derivative
-0.11% -82.56% 29.60% 87.40%

Bond Geographic Breakdown

Weighting Return Low Return High TRRBX % Rank
US
27.57% -52.61% 74.89% 55.05%
Non US
13.42% -5.32% 25.54% 7.31%

Expenses

TRRBX - Expenses

Operational Fees

TRRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.00% 0.00% 108.50% 100.00%
Management Fee 0.00% 0.00% 0.77% 56.45%
12b-1 Fee 0.00% 0.00% 1.00% 13.51%
Administrative Fee 0.15% 0.00% 0.40% 90.25%

Sales Fees

TRRBX 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

TRRBX 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.

TRRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.80% 0.00% 172.00% 53.40%

Distributions

TRRBX - Distributions

Dividend Yield Analysis

TRRBX Category Low Category High TRRBX % Rank
Dividend Yield 1.97% 0.00% 2.61% 3.42%

Dividend Distribution Analysis

TRRBX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

TRRBX Category Low Category High TRRBX % Rank
Net Income Ratio 1.99% -0.45% 4.93% 38.91%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TRRBX - Fund Manager Analysis

Managers

Jerome A. Clark


Start Date

Tenure

Tenure Rank

Sep 30, 2002

17.18

17.2%

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


Start Date

Tenure

Tenure Rank

Aug 01, 2015

4.33

4.3%

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.

Kim E. DeDominicis


Start Date

Tenure

Tenure Rank

Oct 01, 2019

0.16

0.2%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.15 17.18 6.39 7.92