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TRRIX T. Rowe Price Retirement Balanced

  • Fund
  • TRRIX
  • Price as of: Sep 17, 2019
  • $15.28 + $0.01 + 0.07%

TRRIX - Profile

Vitals

  • YTD Return 9.8%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $2.14 B
  • Holdings in Top 10 86.3%

52 WEEK LOW AND HIGH

$15.28
$13.64
$15.57

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 15.70%

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 Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 9.8%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.90%
DIVIDENDS
  • Dividend Yield 1.1%
  • 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 A. Clark

Fund Description

The T. Rowe Price Retirement Income Fund (TRRIX) is a target-date allocation fund designed for investors currently in retirement. TRRIX invests in 16 other mutual funds. As a target-date income fund, TRRIX has already hit its most conservative allocation for the next 20 years; it holds approximately 60% of its portfolio in bonds and 40% in stocks.

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

TRRIX - Performance

Return Ranking - Trailing

Period TRRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% 4.7% 19.8% 71.31%
1 Yr -1.4% -7.3% 5.2% 83.77%
3 Yr 0.8%* -5.7% 8.4% 83.63%
5 Yr 0.0%* -3.6% 5.2% 68.01%
10 Yr 2.4%* -6.0% 6.8% 62.19%

* Annualized


Return Ranking - Calendar

Period TRRIX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.6% -17.8% -3.6% 57.56%
2017 5.0% -12.3% 20.9% 76.11%
2016 2.9% -4.2% 7.5% 70.36%
2015 -4.0% -13.0% -0.3% 28.90%
2014 0.4% -49.7% 34.8% 74.02%

Total Return Ranking - Trailing

Period TRRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% 4.7% 19.8% 71.31%
1 Yr -1.4% -7.3% 7.4% 87.18%
3 Yr 0.8%* -5.7% 11.2% 97.76%
5 Yr 0.0%* -3.6% 9.0% 93.27%
10 Yr 2.4%* -4.1% 10.1% 93.03%

* Annualized


Total Return Ranking - Calendar

Period TRRIX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.6% -17.3% -0.9% 73.29%
2017 5.0% -12.3% 24.1% 94.69%
2016 2.9% 0.2% 9.8% 89.82%
2015 -4.0% -9.4% 0.7% 68.11%
2014 0.4% -47.6% 39.2% 94.49%

NAV & Total Return History

TRRIX - Holdings

Concentration Analysis

TRRIX Category Low Category High TRRIX % Rank
Net Assets 2.14 B 111 K 23.7 B 29.52%
Number of Holdings 20 2 123 45.16%
Net Assets in Top 10 1.86 B 80.1 K 16.9 B 29.84%
Weighting of Top 10 86.34% 59.3% 104.7% 35.81%

Top 10 Holdings

  1. T. Rowe Price Ltd Dur Infl Focus Bd 29.43%

  2. T. Rowe Price Equity Index 500 19.93%

  3. T. Rowe Price New Income 13.41%

  4. T. Rowe Price Intl Bd (USD Hdgd) 4.38%

  5. T. Rowe Price Emerging Markets Bond 3.73%

  6. T. Rowe Price Overseas Stock 3.52%

  7. T. Rowe Price International Stock 3.38%

  8. T. Rowe Price International Value Eq 2.99%

  9. T. Rowe Price Dynamic Global Bond Inv 2.91%

  10. T. Rowe Price High Yield 2.67%


Asset Allocation

Weighting Return Low Return High TRRIX % Rank
Bonds
55.28% -40.53% 79.21% 30.65%
Stocks
38.95% 15.75% 93.24% 68.23%
Cash
5.02% -21.93% 112.41% 50.32%
Other
0.55% -0.13% 14.87% 16.77%
Convertible Bonds
0.15% 0.00% 1.06% 38.55%
Preferred Stocks
0.06% 0.00% 1.66% 63.71%

Stock Sector Breakdown

Weighting Return Low Return High TRRIX % Rank
Technology
7.44% 2.10% 19.30% 61.45%
Financial Services
6.22% 3.03% 17.67% 64.19%
Healthcare
4.85% 1.66% 12.99% 68.23%
Consumer Cyclical
4.31% 1.71% 13.08% 64.35%
Industrials
4.04% 1.43% 13.96% 63.39%
Consumer Defense
3.16% 1.02% 10.05% 69.52%
Energy
2.02% 0.69% 7.70% 71.61%
Basic Materials
1.53% 0.45% 5.30% 74.84%
Real Estate
1.29% 0.38% 9.66% 80.81%
Utilities
1.14% 0.16% 7.34% 72.58%
Communication Services
1.12% 0.29% 3.70% 75.48%

Stock Geographic Breakdown

Weighting Return Low Return High TRRIX % Rank
US
26.35% 7.00% 62.90% 67.26%
Non US
12.60% 4.82% 38.88% 72.42%

Bond Sector Breakdown

Weighting Return Low Return High TRRIX % Rank
Government
33.46% -0.51% 75.23% 14.52%
Corporate
11.51% 0.00% 31.66% 42.42%
Securitized
9.71% 0.00% 32.84% 41.13%
Cash & Equivalents
4.76% -42.81% 112.41% 51.29%
Municipal
0.07% 0.00% 6.74% 56.13%
Derivative
-0.06% -82.56% 7.94% 86.61%

Bond Geographic Breakdown

Weighting Return Low Return High TRRIX % Rank
US
42.58% -52.61% 75.23% 38.23%
Non US
12.70% 0.00% 19.32% 5.81%

TRRIX - Expenses

Operational Fees

TRRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.00% 0.00% 123.84% 97.89%
Management Fee 0.00% 0.00% 0.77% 39.35%
12b-1 Fee 0.00% 0.00% 1.00% 7.49%
Administrative Fee 0.15% 0.00% 0.40% 85.33%

Sales Fees

TRRIX 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

TRRIX 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.

TRRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.70% 0.00% 165.00% 54.26%

TRRIX - Distributions

Dividend Yield Analysis

TRRIX Category Low Category High TRRIX % Rank
Dividend Yield 1.08% 0.00% 3.02% 40.65%

Dividend Distribution Analysis

TRRIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

TRRIX Category Low Category High TRRIX % Rank
Net Income Ratio 0.90% -0.59% 4.60% 79.09%

Capital Gain Distribution Analysis

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

TRRIX - 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