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TRRCX T. Rowe Price Retirement 2030

  • Fund
  • TRRCX
  • Price as of: Sep 17, 2019
  • $25.92 + $0.07 + 0.27%

TRRCX - Profile

Vitals

  • YTD Return 16.2%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 1.5%
  • Net Assets $21.1 B
  • Holdings in Top 10 76.9%

52 WEEK LOW AND HIGH

$25.92
$21.49
$26.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 18.10%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2030

Distributions

  • YTD Total Return 16.2%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.70%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Retirement 2030 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 2030 Fund (TRRCX) is a target-date allocation fund designed for investors looking to retire between 2026 and 2030. TRRCX invests in 18 other mutual funds. As a target-date fund, TRRCX slowly becomes more conservative as it approaches its end year of 2030. TRRCX 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, TRRCX makes a prime core choice for investors. The fund is internally managed by T. Rowe Price.

TRRCX - Performance

Return Ranking - Trailing

Period TRRCX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.2% 4.7% 19.8% 18.31%
1 Yr -3.0% -7.3% 5.2% 92.53%
3 Yr 4.0%* -5.7% 8.4% 43.05%
5 Yr 1.5%* -3.6% 5.2% 40.74%
10 Yr 5.8%* -6.0% 6.8% 25.87%

* Annualized


Return Ranking - Calendar

Period TRRCX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.0% -17.8% -3.6% 93.58%
2017 15.0% -12.3% 20.9% 32.30%
2016 3.3% -4.2% 7.5% 63.80%
2015 -5.3% -13.0% -0.3% 63.12%
2014 1.9% -49.7% 34.8% 61.81%

Total Return Ranking - Trailing

Period TRRCX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.2% 4.7% 19.8% 18.31%
1 Yr -3.0% -7.3% 7.4% 94.48%
3 Yr 4.0%* -5.7% 11.2% 67.26%
5 Yr 1.5%* -3.6% 9.0% 85.19%
10 Yr 5.8%* -4.1% 10.1% 47.26%

* Annualized


Total Return Ranking - Calendar

Period TRRCX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.0% -17.3% -0.9% 96.27%
2017 15.0% -12.3% 24.1% 36.95%
2016 3.3% 0.2% 9.8% 81.22%
2015 -5.3% -9.4% 0.7% 86.71%
2014 1.9% -47.6% 39.2% 84.25%

NAV & Total Return History

TRRCX - Holdings

Concentration Analysis

TRRCX Category Low Category High TRRCX % Rank
Net Assets 21.1 B 111 K 23.7 B 4.35%
Number of Holdings 22 2 123 28.23%
Net Assets in Top 10 16.6 B 80.1 K 16.9 B 0.32%
Weighting of Top 10 76.91% 59.3% 104.7% 59.84%

Top 10 Holdings

  1. T. Rowe Price Growth Stock 12.79%

  2. T. Rowe Price Equity Index 500 12.34%

  3. T. Rowe Price Value 12.07%

  4. T. Rowe Price New Income 10.38%

  5. T. Rowe Price Overseas Stock 6.47%

  6. T. Rowe Price International Stock 6.30%

  7. T. Rowe Price International Value Eq 5.55%

  8. T. Rowe Price Emerging Markets Stock 4.07%

  9. T. Rowe Price Intl Bd (USD Hdgd) 3.50%

  10. T. Rowe Price Mid-Cap Growth 3.45%


Asset Allocation

Weighting Return Low Return High TRRCX % Rank
Stocks
72.13% 15.75% 93.24% 37.26%
Bonds
24.68% -40.53% 79.21% 64.19%
Cash
2.75% -21.93% 112.41% 71.29%
Other
0.20% -0.13% 14.87% 19.35%
Preferred Stocks
0.13% 0.00% 1.66% 34.35%
Convertible Bonds
0.11% 0.00% 1.06% 45.32%

Stock Sector Breakdown

Weighting Return Low Return High TRRCX % Rank
Technology
14.39% 2.10% 19.30% 30.32%
Financial Services
11.22% 3.03% 17.67% 21.13%
Healthcare
9.69% 1.66% 12.99% 30.97%
Consumer Cyclical
8.24% 1.71% 13.08% 38.06%
Industrials
7.50% 1.43% 13.96% 40.00%
Consumer Defense
5.29% 1.02% 10.05% 46.45%
Energy
3.44% 0.69% 7.70% 55.48%
Utilities
2.67% 0.16% 7.34% 22.74%
Basic Materials
2.56% 0.45% 5.30% 48.39%
Real Estate
2.17% 0.38% 9.66% 43.06%
Communication Services
1.58% 0.29% 3.70% 60.32%

Stock Geographic Breakdown

Weighting Return Low Return High TRRCX % Rank
US
47.44% 7.00% 62.90% 36.61%
Non US
24.69% 4.82% 38.88% 34.84%

Bond Sector Breakdown

Weighting Return Low Return High TRRCX % Rank
Government
12.66% -0.51% 75.23% 58.55%
Corporate
6.39% 0.00% 31.66% 57.26%
Securitized
5.34% 0.00% 32.84% 62.90%
Cash & Equivalents
2.63% -42.81% 112.41% 66.29%
Municipal
0.05% 0.00% 6.74% 58.06%
Derivative
-0.04% -82.56% 7.94% 81.13%

Bond Geographic Breakdown

Weighting Return Low Return High TRRCX % Rank
US
15.97% -52.61% 75.23% 66.94%
Non US
8.71% 0.00% 19.32% 14.03%

TRRCX - Expenses

Operational Fees

TRRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.00% 0.00% 123.84% 97.57%
Management Fee 0.00% 0.00% 0.77% 33.55%
12b-1 Fee 0.00% 0.00% 1.00% 6.15%
Administrative Fee 0.15% 0.00% 0.40% 84.17%

Sales Fees

TRRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

TRRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.10% 0.00% 165.00% 55.08%

TRRCX - Distributions

Dividend Yield Analysis

TRRCX Category Low Category High TRRCX % Rank
Dividend Yield 1.70% 0.00% 3.02% 11.13%

Dividend Distribution Analysis

TRRCX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

TRRCX Category Low Category High TRRCX % Rank
Net Income Ratio 1.70% -0.59% 4.60% 47.81%

Capital Gain Distribution Analysis

TRRCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

TRRCX - Managers

Jerome A. Clark

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2002

16.93

16.9%

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

Tenure

Tenure Rank

Aug 01, 2015

4.08

4.1%

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.


Tenure Analysis

Category Low

0.04

Category High

16.93

Category Average

6.56

Category Mode

7.67