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TRRDX T. Rowe Price Retirement 2040

  • Fund
  • TRRDX
  • Price as of: Jul 19, 2019
  • $26.96 - $0.09 - 0.33%
  • Category
  • Target Retirement Date

TRRDX - Profile

Vitals

  • YTD Return 17.1%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 1.7%
  • Net Assets $15.2 B
  • Holdings in Top 10 82.8%

52 WEEK LOW AND HIGH

$26.96
$22.06
$28.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 23.20%

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 2040

Distributions

  • YTD Total Return 17.1%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.32%
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 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 2040 Fund (TRRDX) is a target-date allocation fund designed for investors looking to retire between 2036 and 2040. It invests in 18 other mutual funds. Utilizing a glide path, TRRDX slowly becomes more conservative as it approaches its end year. In addition, TRRDX is a ‘through’ fund that will keep a higher allocation to equities in retirement.

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

TRRDX - Performance

Return Ranking - Trailing

Period TRRDX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.1% -31.7% 19.7% 6.94%
1 Yr -4.2% -44.9% 3.5% 64.09%
3 Yr 4.5%* -18.3% 8.6% 23.05%
5 Yr 1.7%* -12.0% 8.8% 27.35%
10 Yr 7.6%* -6.0% 8.7% 5.96%

* Annualized


Return Ranking - Calendar

Period TRRDX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.5% -25.1% -0.4% 69.86%
2017 17.4% -36.9% 20.0% 15.25%
2016 2.8% -5.2% 8.1% 66.43%
2015 -5.6% -25.3% -0.8% 51.61%
2014 2.2% -49.7% 34.8% 38.32%

Total Return Ranking - Trailing

Period TRRDX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.1% -31.7% 19.7% 8.80%
1 Yr -4.2% -43.3% 6.9% 78.97%
3 Yr 4.5%* -18.3% 11.3% 67.43%
5 Yr 1.7%* -12.0% 8.8% 77.21%
10 Yr 7.6%* -4.1% 11.6% 49.79%

* Annualized


Total Return Ranking - Calendar

Period TRRDX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.5% -25.1% -0.3% 84.75%
2017 17.4% -36.9% 26.6% 44.24%
2016 2.8% -4.7% 12.3% 91.34%
2015 -5.6% -25.3% 3.9% 85.18%
2014 2.2% -47.6% 39.2% 77.42%

NAV & Total Return History

TRRDX - Holdings

Concentration Analysis

TRRDX Category Low Category High TRRDX % Rank
Net Assets 15.2 B 1.23 M 43.6 B 5.58%
Number of Holdings 21 3 142 50.89%
Net Assets in Top 10 12.6 B 1.09 M 43.6 B 3.22%
Weighting of Top 10 82.75% 17.8% 109.7% 42.67%

Top 10 Holdings

  1. T. Rowe Price Growth Stock 18.04%

  2. T. Rowe Price Value 17.21%

  3. T. Rowe Price Equity Index 500 7.96%

  4. T. Rowe Price Overseas Stock 7.51%

  5. T. Rowe Price International Stock 7.24%

  6. T. Rowe Price International Value Eq 6.43%

  7. T. Rowe Price New Income 6.14%

  8. T. Rowe Price Emerging Markets Stock 4.69%

  9. T. Rowe Price Mid-Cap Growth 3.99%

  10. T. Rowe Price Mid-Cap Value 3.53%


Asset Allocation

Weighting Return Low Return High TRRDX % Rank
Stocks
83.53% 0.08% 97.53% 27.09%
Bonds
13.45% 1.03% 137.62% 68.12%
Cash
2.68% -100.79% 23.12% 70.48%
Preferred Stocks
0.14% 0.00% 7.14% 22.44%
Other
0.13% -0.85% 24.53% 31.88%
Convertible Bonds
0.06% 0.00% 3.36% 69.34%

Stock Sector Breakdown

Weighting Return Low Return High TRRDX % Rank
Technology
16.83% 1.41% 20.72% 16.60%
Financial Services
12.92% 1.51% 18.80% 31.76%
Healthcare
11.41% 1.06% 13.46% 6.87%
Consumer Cyclical
9.60% 0.95% 12.33% 30.69%
Industrials
8.68% 0.83% 13.93% 27.54%
Consumer Defense
5.98% 0.83% 16.80% 28.97%
Energy
3.91% 0.40% 6.45% 35.19%
Utilities
3.24% 0.05% 5.43% 6.44%
Basic Materials
2.89% 0.16% 5.40% 50.00%
Real Estate
2.45% 0.38% 18.90% 59.01%
Communication Services
1.71% 0.30% 4.07% 62.30%

Stock Geographic Breakdown

Weighting Return Low Return High TRRDX % Rank
US
54.61% 0.08% 66.20% 22.73%
Non US
28.92% 0.00% 46.30% 29.02%

Bond Sector Breakdown

Weighting Return Low Return High TRRDX % Rank
Government
6.99% 0.00% 137.62% 57.33%
Corporate
3.41% 0.26% 51.60% 77.06%
Securitized
3.04% 0.00% 60.24% 61.40%
Cash & Equivalents
2.55% -120.10% 23.97% 70.19%
Municipal
0.03% 0.00% 3.09% 65.12%
Derivative
-0.02% -4.34% 12.92% 75.27%

Bond Geographic Breakdown

Weighting Return Low Return High TRRDX % Rank
US
8.70% -12.23% 137.62% 73.84%
Non US
4.75% 0.00% 34.95% 33.31%

TRRDX - Expenses

Operational Fees

TRRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.00% 0.00% 5.22% 98.28%
Management Fee 0.00% 0.00% 0.95% 9.29%
12b-1 Fee 0.00% 0.00% 1.00% 2.71%
Administrative Fee 0.15% 0.00% 0.40% 54.64%

Sales Fees

TRRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

TRRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 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.

TRRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.20% 0.00% 106.00% 51.18%

TRRDX - Distributions

Dividend Yield Analysis

TRRDX Category Low Category High TRRDX % Rank
Dividend Yield 0.01% 0.00% 0.04% 61.47%

Dividend Distribution Analysis

TRRDX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

TRRDX Category Low Category High TRRDX % Rank
Net Income Ratio 1.32% -0.99% 35.20% 75.39%

Capital Gain Distribution Analysis

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

TRRDX - Managers

Jerome A. Clark

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2002

16.76

16.8%

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

3.92

3.9%

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

0.0

Category High

16.76

Category Average

6.29

Category Mode

7.5