TRRIX: T. Rowe Price Retirement Balanced Fund - MutualFunds.com

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T. Rowe Price Retirement Balanced

TRRIX - Snapshot

Vitals

  • YTD Return 8.0%
  • 3 Yr Annualized Return 5.2%
  • 5 Yr Annualized Return 5.8%
  • Net Assets $2.08 B
  • Holdings in Top 10 79.1%

52 WEEK LOW AND HIGH

$16.70
$12.83
$16.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.07%

SALES FEES

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

BROKERAGE FEES

  • Turnover 29.40%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Compare TRRIX to Popular U.S. Conservative/Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$2.27

0.00%

$62.50 B

5.73%

$0.13

-3.40%

-

$28.77

+0.17%

$59.47 B

2.75%

$0.79

5.31%

-

$11.01

+0.09%

$16.16 B

4.04%

$0.44

0.27%

-

$15.79

+0.13%

$13.52 B

2.41%

$0.38

4.50%

-

$10.95

+0.18%

$12.08 B

3.63%

$0.40

0.74%

-

TRRIX - Profile

Distributions

  • YTD Total Return 8.0%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.80%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price Retirement Balanced 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 Clark

Fund Description

The fund invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. It is intended for retired investors who seek income and relative stability from bonds along with some capital appreciation potential from stocks. The fund's "neutral allocations," which are what T. Rowe Price considers broadly appropriate for investors during their retirement years, are 40% stock funds and 60% bond funds.


TRRIX - Performance

Return Ranking - Trailing

Period TRRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -11.6% 34.7% 29.68%
1 Yr 6.0% -14.6% 33.9% 21.59%
3 Yr 5.2%* -2.5% 17.8% 20.79%
5 Yr 5.8%* -3.4% 15.6% 23.08%
10 Yr 5.6%* 2.5% 8.6% 45.87%

* Annualized

Return Ranking - Calendar

Period TRRIX Return Category Return Low Category Return High Rank in Category (%)
2019 11.4% -9.5% 22.1% 35.87%
2018 -9.6% -21.7% -2.6% 52.72%
2017 5.0% -7.3% 13.7% 62.82%
2016 2.9% -9.0% 12.8% 51.90%
2015 -4.0% -28.9% 0.3% 20.45%

Total Return Ranking - Trailing

Period TRRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -11.6% 34.7% 29.68%
1 Yr 6.0% -14.6% 33.9% 17.53%
3 Yr 5.2%* -3.6% 17.8% 17.58%
5 Yr 5.8%* -3.4% 15.6% 20.32%
10 Yr 5.6%* 2.5% 8.6% 43.02%

* Annualized

Total Return Ranking - Calendar

Period TRRIX Return Category Return Low Category Return High Rank in Category (%)
2019 11.4% -9.5% 22.1% 38.01%
2018 -9.6% -21.7% -2.0% 84.91%
2017 5.0% -5.9% 16.6% 90.17%
2016 2.9% -5.0% 19.1% 85.23%
2015 -4.0% -15.0% 2.3% 62.63%

NAV & Total Return History


TRRIX - Holdings

Concentration Analysis

TRRIX Category Low Category High TRRIX % Rank
Net Assets 2.08 B 2.21 M 62.5 B 19.68%
Number of Holdings 24 3 19961 66.55%
Net Assets in Top 10 1.67 B 2.25 M 11.7 B 14.83%
Weighting of Top 10 79.10% 9.8% 100.0% 33.06%

Top 10 Holdings

  1. T. Rowe Price Ltd Dur Infl Focus Bd Z 26.29%
  2. T. Rowe Price New Income Z 14.43%
  3. T. Rowe Price Equity Index 500 Z 13.69%
  4. T. Rowe Price Intl Bd (USD Hdgd) Z 4.56%
  5. T. Rowe Price Emerging Markets Bond Z 3.59%
  6. T. Rowe Price High Yield Z 3.41%
  7. T. Rowe Price Value Z 3.33%
  8. T. Rowe Price Growth Stock Z 3.33%
  9. T. Rowe Price International Stock Z 3.24%
  10. T. Rowe Price Overseas Stock Z 3.22%

Asset Allocation

Weighting Return Low Return High TRRIX % Rank
Bonds
53.67% 0.00% 241.12% 45.75%
Stocks
39.71% 1.21% 98.16% 47.74%
Cash
6.17% -181.44% 43.52% 24.41%
Convertible Bonds
0.34% 0.00% 50.61% 79.75%
Preferred Stocks
0.12% 0.00% 38.29% 54.43%
Other
0.01% -4.81% 37.19% 64.20%

Stock Sector Breakdown

Weighting Return Low Return High TRRIX % Rank
Technology
20.04% 0.00% 41.08% 32.19%
Healthcare
15.01% 0.00% 21.21% 30.38%
Financial Services
14.86% 4.48% 31.60% 23.33%
Consumer Cyclical
10.66% 0.00% 22.85% 55.15%
Industrials
9.47% 0.00% 26.40% 62.57%
Communication Services
8.82% 0.00% 17.60% 43.94%
Consumer Defense
6.84% 0.00% 21.82% 71.97%
Basic Materials
4.30% 0.00% 26.28% 30.38%
Real Estate
3.48% 0.00% 51.40% 60.94%
Energy
3.35% 0.00% 21.41% 37.79%
Utilities
3.17% 0.00% 37.83% 57.14%

Stock Geographic Breakdown

Weighting Return Low Return High TRRIX % Rank
US
26.39% 0.98% 85.51% 57.14%
Non US
13.32% 0.00% 29.30% 27.31%

Bond Sector Breakdown

Weighting Return Low Return High TRRIX % Rank
Government
49.30% 0.00% 91.51% 6.87%
Corporate
23.94% 0.00% 100.00% 75.23%
Securitized
16.47% 0.00% 48.95% 66.55%
Cash & Equivalents
10.16% 0.00% 100.00% 34.90%
Derivative
0.06% 0.00% 27.20% 43.22%
Municipal
0.06% 0.00% 100.00% 65.82%

Bond Geographic Breakdown

Weighting Return Low Return High TRRIX % Rank
US
41.22% 0.00% 85.41% 60.94%
Non US
12.45% -11.82% 173.71% 22.78%

TRRIX - Expenses

Operational Fees

TRRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.07% 0.02% 6.89% 98.67%
Management Fee 0.50% 0.00% 1.39% 64.40%
12b-1 Fee N/A 0.00% 1.00% 14.94%
Administrative Fee 0.15% 0.01% 0.70% 76.58%

Sales Fees

TRRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

TRRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

TRRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.40% 0.00% 395.00% 39.19%

TRRIX - Distributions

Dividend Yield Analysis

TRRIX Category Low Category High TRRIX % Rank
Dividend Yield 0.00% 0.00% 4.18% 70.13%

Dividend Distribution Analysis

TRRIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

TRRIX Category Low Category High TRRIX % Rank
Net Income Ratio 1.80% -0.41% 6.30% 74.07%

Capital Gain Distribution Analysis

TRRIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History

View More +

TRRIX - Fund Manager Analysis

Managers

Jerome Clark


Start Date

Tenure

Tenure Rank

Sep 30, 2002

18.1

18.1%

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 Lee


Start Date

Tenure

Tenure Rank

Aug 01, 2015

5.25

5.3%

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 DeDominicis


Start Date

Tenure

Tenure Rank

Oct 01, 2019

1.08

1.1%

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.

Andrew van Merlen


Start Date

Tenure

Tenure Rank

Jan 01, 2020

0.83

0.8%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 27.15 5.86 0.83
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