TRRDX: T. Rowe Price Retirement 2040

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TRRDX T. Rowe Price Retirement 2040

  • Fund
  • TRRDX
  • Price as of: Dec 06, 2019
  • $27.96
    + $0.20 + 0.72%

Profile

TRRDX - Profile

Vitals

  • YTD Return 21.4%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 2.3%
  • Net Assets $15.4 B
  • Holdings in Top 10 82.6%

52 WEEK LOW AND HIGH

$27.96
$22.06
$28.06

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 18.50%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 21.4%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.41%
DIVIDENDS
  • Dividend Yield 1.4%
  • 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.


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Categories

Fund Company Quick Screens

TRRDX - Fund Company Quick Screens


Performance

TRRDX - Performance

Return Ranking - Trailing

Period TRRDX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.4% 6.1% 25.8% 13.10%
1 Yr 7.4% 0.6% 16.3% 68.17%
3 Yr 4.5%* -4.6% 12.2% 49.57%
5 Yr 2.3%* -3.4% 8.4% 47.34%
10 Yr 6.4%* -5.8% 10.5% 28.13%

* Annualized

Return Ranking - Calendar

Period TRRDX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.5% -17.8% -3.6% 97.60%
2017 17.4% -12.3% 20.9% 24.36%
2016 2.8% -4.2% 7.5% 76.25%
2015 -5.6% -13.0% -0.3% 69.69%
2014 2.2% -49.7% 34.8% 56.60%

Total Return Ranking - Trailing

Period TRRDX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.4% 6.1% 25.8% 13.10%
1 Yr 7.4% 1.7% 21.7% 79.88%
3 Yr 4.5%* -4.6% 12.2% 66.67%
5 Yr 2.3%* -3.4% 8.7% 82.84%
10 Yr 6.4%* -3.9% 10.5% 41.02%

* Annualized

Total Return Ranking - Calendar

Period TRRDX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.5% -17.6% -0.9% 98.40%
2017 17.4% -12.3% 24.1% 30.34%
2016 2.8% 0.2% 9.8% 93.90%
2015 -5.6% -9.4% 0.7% 92.19%
2014 2.2% -47.6% 39.2% 81.13%

NAV & Total Return History


Holdings

TRRDX - Holdings

Concentration Analysis

TRRDX Category Low Category High TRRDX % Rank
Net Assets 15.4 B 112 K 30.5 B 12.73%
Number of Holdings 21 2 52 36.65%
Net Assets in Top 10 12.3 B 88.3 K 29.8 B 8.70%
Weighting of Top 10 82.61% 59.3% 102.9% 44.57%

Top 10 Holdings

  1. T. Rowe Price Growth Stock 17.60%
  2. T. Rowe Price Value 17.50%
  3. T. Rowe Price Equity Index 500 8.04%
  4. T. Rowe Price Overseas Stock 7.54%
  5. T. Rowe Price International Stock 7.39%
  6. T. Rowe Price International Value Eq 6.46%
  7. T. Rowe Price New Income 6.23%
  8. T. Rowe Price Emerging Markets Stock 4.46%
  9. T. Rowe Price Mid-Cap Growth 3.92%
  10. T. Rowe Price Mid-Cap Value 3.47%

Asset Allocation

Weighting Return Low Return High TRRDX % Rank
Stocks
83.73% 15.75% 93.73% 21.74%
Bonds
13.58% -40.53% 79.64% 72.98%
Cash
2.47% -31.77% 112.41% 76.09%
Preferred Stocks
0.15% 0.00% 7.24% 27.95%
Convertible Bonds
0.06% 0.00% 1.22% 62.27%
Other
0.01% -0.37% 14.60% 63.20%

Stock Sector Breakdown

Weighting Return Low Return High TRRDX % Rank
Technology
17.48% 0.99% 19.21% 18.01%
Financial Services
14.44% 1.33% 17.26% 9.01%
Healthcare
11.31% 0.90% 13.01% 18.94%
Consumer Cyclical
10.15% 1.48% 12.56% 19.88%
Industrials
8.89% 0.87% 14.42% 22.05%
Consumer Defense
6.24% 0.73% 9.84% 24.07%
Energy
3.54% 0.59% 6.98% 44.72%
Utilities
3.49% 0.12% 7.91% 12.42%
Basic Materials
3.39% 0.45% 4.91% 31.83%
Real Estate
2.66% 0.40% 10.22% 40.06%
Communication Services
1.44% 0.21% 7.79% 76.40%

Stock Geographic Breakdown

Weighting Return Low Return High TRRDX % Rank
US
53.62% 6.94% 64.06% 24.22%
Non US
30.11% 5.34% 39.15% 9.78%

Bond Sector Breakdown

Weighting Return Low Return High TRRDX % Rank
Government
6.80% -0.35% 74.89% 71.12%
Corporate
3.71% 0.00% 35.85% 69.88%
Securitized
3.27% 0.00% 27.36% 70.34%
Cash & Equivalents
2.47% -47.12% 112.41% 70.19%
Municipal
0.00% 0.00% 6.91% 82.30%
Derivative
-0.04% -82.56% 29.60% 79.50%

Bond Geographic Breakdown

Weighting Return Low Return High TRRDX % Rank
US
8.80% -52.61% 74.89% 79.35%
Non US
4.78% -5.32% 25.54% 44.10%

Expenses

TRRDX - Expenses

Operational Fees

TRRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.00% 0.00% 108.50% 96.72%
Management Fee 0.00% 0.00% 0.77% 13.20%
12b-1 Fee 0.00% 0.00% 1.00% 3.64%
Administrative Fee 0.15% 0.00% 0.40% 80.14%

Sales Fees

TRRDX 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

TRRDX 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.

TRRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.50% 0.00% 172.00% 55.84%

Distributions

TRRDX - Distributions

Dividend Yield Analysis

TRRDX Category Low Category High TRRDX % Rank
Dividend Yield 1.39% 0.00% 2.60% 24.53%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

TRRDX Category Low Category High TRRDX % Rank
Net Income Ratio 1.41% -0.45% 4.93% 66.93%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TRRDX - 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