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TRRGX T. Rowe Price Retirement 2015

  • Fund
  • TRRGX
  • Price as of: May 14, 2019
  • $14.03 + $0.05 + 0.36%
  • Category
  • Target Retirement Date

TRRGX - Profile

Vitals

  • YTD Return 7.9%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return -0.9%
  • Net Assets $6.52 B
  • Holdings in Top 10 78.1%

52 WEEK LOW AND HIGH

$14.03
$12.70
$15.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 33.10%

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 2015

Distributions

  • YTD Total Return 7.9%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return -0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.86%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Retirement 2015 Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Feb 27, 2004
  • 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 2015 Fund (TRRGX) is a target-date allocation fund designed for investors entering retirement or already in retirement. TRRGX invests in 18 different mutual funds. As a target-date fund that has reached its end date, TRRGX has a conservative tilt. At the same time, TRRGX is a through fund, meaning it keeps a higher allocation to equities through retirement.

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

TRRGX - Performance

Return Ranking - Trailing

Period TRRGX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -4.1% 13.6% 67.52%
1 Yr -6.5% -17.5% 2.8% 60.34%
3 Yr 0.1%* -18.3% 8.9% 77.69%
5 Yr -0.9%* -12.1% 7.8% 60.26%
10 Yr 4.9%* -6.3% 9.0% 39.78%

* Annualized


Return Ranking - Calendar

Period TRRGX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.2% -25.1% 0.0% 50.78%
2017 5.6% -36.9% 20.0% 82.44%
2016 3.7% -5.2% 8.1% 50.42%
2015 -5.5% -25.3% -0.8% 49.15%
2014 1.0% -49.7% 34.8% 51.66%

Total Return Ranking - Trailing

Period TRRGX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -3.9% 13.6% 67.52%
1 Yr -6.5% -17.5% 5.2% 78.68%
3 Yr 0.1%* -18.3% 11.2% 94.76%
5 Yr -0.9%* -12.1% 7.8% 89.02%
10 Yr 4.9%* -4.5% 12.0% 84.12%

* Annualized


Total Return Ranking - Calendar

Period TRRGX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.2% -25.1% 0.0% 73.02%
2017 5.6% -36.9% 26.6% 94.12%
2016 3.7% -4.7% 12.3% 84.56%
2015 -5.5% -25.3% 3.9% 84.07%
2014 1.0% -47.6% 39.2% 86.82%

NAV & Total Return History

TRRGX - Holdings

Concentration Analysis

TRRGX Category Low Category High TRRGX % Rank
Net Assets 6.52 B 1.29 M 42.8 B 9.26%
Number of Holdings 22 2 140 50.85%
Net Assets in Top 10 5.13 B 857 K 41.8 B 9.34%
Weighting of Top 10 78.12% 17.2% 112.6% 50.42%

Top 10 Holdings

  1. T. Rowe Price Equity Index 500 17.98%

  2. T. Rowe Price New Income 17.27%

  3. T. Rowe Price Ltd Dur Infl Focus Bd 13.28%

  4. T. Rowe Price Intl Bd (USD Hdgd) 5.23%

  5. T. Rowe Price Emerging Markets Bond 4.78%

  6. T. Rowe Price Overseas Stock 4.32%

  7. T. Rowe Price International Stock 4.11%

  8. T. Rowe Price International Value Eq 3.83%

  9. T. Rowe Price Dynamic Global Bond Inv 3.71%

  10. T. Rowe Price US Treasury Long-Term 3.62%


Asset Allocation

Weighting Return Low Return High TRRGX % Rank
Bonds
48.82% -5.73% 137.62% 21.99%
Stocks
47.61% 0.07% 97.70% 72.28%
Cash
3.26% -100.79% 40.20% 62.16%
Convertible Bonds
0.18% 0.00% 3.69% 23.27%
Preferred Stocks
0.07% 0.00% 7.36% 39.32%
Other
0.06% -4.82% 24.53% 63.93%

Stock Sector Breakdown

Weighting Return Low Return High TRRGX % Rank
Technology
8.96% 1.36% 20.62% 65.61%
Financial Services
8.64% 1.49% 18.76% 68.58%
Healthcare
6.57% 1.28% 13.55% 66.74%
Consumer Cyclical
5.56% 1.00% 12.96% 71.41%
Industrials
4.88% 1.29% 11.91% 74.38%
Consumer Defense
3.88% 1.04% 16.41% 72.05%
Energy
2.31% 0.36% 6.45% 75.80%
Basic Materials
2.22% 0.18% 5.63% 67.02%
Utilities
1.68% 0.04% 4.98% 64.05%
Real Estate
1.47% 0.38% 17.52% 78.91%
Communication Services
1.42% 0.30% 4.45% 73.11%

Stock Geographic Breakdown

Weighting Return Low Return High TRRGX % Rank
US
31.51% 0.07% 64.36% 71.00%
Non US
16.10% 0.00% 46.79% 74.19%

Bond Sector Breakdown

Weighting Return Low Return High TRRGX % Rank
Government
26.20% -23.50% 137.62% 12.09%
Corporate
12.46% 0.00% 53.45% 36.99%
Securitized
10.24% 0.00% 61.18% 25.46%
Cash & Equivalents
2.99% -120.10% 40.20% 64.78%
Municipal
0.17% 0.00% 3.09% 28.22%
Derivative
-0.05% -2.78% 11.71% 83.95%

Bond Geographic Breakdown

Weighting Return Low Return High TRRGX % Rank
US
33.67% -9.85% 137.62% 31.54%
Non US
15.15% 0.00% 20.22% 1.20%

TRRGX - Expenses

Operational Fees

TRRGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.00% 0.00% 6.01% 99.86%
Management Fee 0.00% 0.00% 0.95% 36.42%
12b-1 Fee 0.00% 0.00% 1.00% 14.29%
Administrative Fee 0.15% 0.00% 0.40% 63.58%

Sales Fees

TRRGX 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

TRRGX 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.

TRRGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 33.10% 0.00% 106.00% 68.46%

TRRGX - Distributions

Dividend Yield Analysis

TRRGX Category Low Category High TRRGX % Rank
Dividend Yield 0.02% 0.00% 0.05% 34.94%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TRRGX Category Low Category High TRRGX % Rank
Net Income Ratio 1.86% -0.99% 35.20% 41.33%

Capital Gain Distribution Analysis

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

TRRGX - Managers

Jerome A. Clark

Manager

Start Date

Tenure

Tenure Rank

Feb 27, 2004

15.18

15.2%

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

Manager

Start Date

Tenure

Tenure Rank

Aug 01, 2015

3.75

3.8%

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.


Tenure Analysis

Category Low

0.0

Category High

16.59

Category Average

6.11

Category Mode

7.33