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TRRJX T. Rowe Price Retirement 2035

  • Fund
  • TRRJX
  • Price as of: Sep 20, 2019
  • $18.98 - $0.05 - 0.26%

TRRJX - Profile

Vitals

  • YTD Return 16.7%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $13 B
  • Holdings in Top 10 80.4%

52 WEEK LOW AND HIGH

$18.98
$15.61
$19.72

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 18.80%

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 Target-Date 2035

Distributions

  • YTD Total Return 16.7%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.56%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Retirement 2035 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 2035 Fund (TRRJX) is a target-date allocation fund designed for investors looking to retire between 2031 and 2035. TRRJX invests in 18 different mutual funds. As a target-date fund, it will slowly become more conservative as it approaches its end year. At the same time, TRRJX is a through fund, meaning it will keep a higher allocation to equities in retirement.

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

TRRJX - Performance

Return Ranking - Trailing

Period TRRJX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.7% 4.5% 19.2% 10.39%
1 Yr -4.0% -8.3% 5.0% 94.15%
3 Yr 3.7%* -5.9% 7.6% 38.12%
5 Yr 2.0%* -3.6% 5.1% 31.31%
10 Yr 6.2%* -6.0% 6.8% 19.40%

* Annualized


Return Ranking - Calendar

Period TRRJX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.3% -17.8% -3.6% 94.83%
2017 16.5% -12.3% 20.9% 25.44%
2016 3.2% -4.2% 7.5% 67.65%
2015 -5.2% -13.0% -0.3% 61.79%
2014 2.3% -49.7% 34.8% 51.57%

Total Return Ranking - Trailing

Period TRRJX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.7% 4.5% 19.2% 10.39%
1 Yr -4.0% -8.3% 6.6% 95.28%
3 Yr 3.7%* -5.9% 10.4% 63.00%
5 Yr 2.0%* -3.6% 8.9% 76.77%
10 Yr 6.2%* -4.1% 10.0% 37.31%

* Annualized


Total Return Ranking - Calendar

Period TRRJX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.3% -17.3% -0.9% 97.11%
2017 16.5% -12.3% 24.1% 32.96%
2016 3.2% 0.2% 9.8% 84.39%
2015 -5.2% -9.4% 0.7% 85.71%
2014 2.3% -47.6% 39.2% 77.95%

NAV & Total Return History

TRRJX - Holdings

Concentration Analysis

TRRJX Category Low Category High TRRJX % Rank
Net Assets 13 B 111 K 23.7 B 12.60%
Number of Holdings 21 2 149 40.55%
Net Assets in Top 10 10.7 B 80.1 K 16.9 B 10.50%
Weighting of Top 10 80.42% 43.8% 104.7% 46.37%

Top 10 Holdings

  1. T. Rowe Price Growth Stock 15.58%

  2. T. Rowe Price Value 14.84%

  3. T. Rowe Price Equity Index 500 10.17%

  4. T. Rowe Price New Income 8.33%

  5. T. Rowe Price Overseas Stock 7.08%

  6. T. Rowe Price International Stock 6.80%

  7. T. Rowe Price International Value Eq 6.11%

  8. T. Rowe Price Emerging Markets Stock 4.45%

  9. T. Rowe Price Mid-Cap Growth 3.76%

  10. T. Rowe Price Mid-Cap Value 3.29%


Asset Allocation

Weighting Return Low Return High TRRJX % Rank
Stocks
78.67% 15.75% 93.24% 32.15%
Bonds
18.23% -40.53% 79.21% 67.53%
Cash
2.73% -11.60% 112.41% 72.37%
Other
0.15% -0.13% 14.87% 21.16%
Preferred Stocks
0.14% 0.00% 1.66% 31.34%
Convertible Bonds
0.08% 0.00% 1.06% 53.80%

Stock Sector Breakdown

Weighting Return Low Return High TRRJX % Rank
Technology
15.78% 2.10% 19.30% 27.79%
Financial Services
12.20% 3.03% 17.53% 18.09%
Healthcare
10.66% 1.66% 12.99% 23.59%
Consumer Cyclical
9.02% 1.71% 13.08% 33.93%
Industrials
8.17% 1.43% 13.96% 33.44%
Consumer Defense
5.69% 1.02% 10.05% 42.81%
Energy
3.71% 0.69% 7.70% 52.99%
Utilities
2.99% 0.16% 7.32% 18.58%
Basic Materials
2.75% 0.45% 5.30% 45.40%
Real Estate
2.33% 0.38% 9.81% 39.58%
Communication Services
1.66% 0.29% 3.70% 59.61%

Stock Geographic Breakdown

Weighting Return Low Return High TRRJX % Rank
US
51.52% 7.00% 63.44% 31.66%
Non US
27.15% 4.82% 38.88% 26.33%

Bond Sector Breakdown

Weighting Return Low Return High TRRJX % Rank
Government
9.13% -0.51% 75.23% 66.07%
Corporate
4.84% 0.00% 31.90% 63.49%
Securitized
4.10% 0.00% 32.84% 65.43%
Cash & Equivalents
2.61% -42.81% 112.41% 68.01%
Municipal
0.04% 0.00% 6.74% 63.00%
Derivative
-0.03% -82.56% 7.94% 79.81%

Bond Geographic Breakdown

Weighting Return Low Return High TRRJX % Rank
US
11.47% -52.61% 75.23% 72.21%
Non US
6.76% 0.00% 18.27% 22.94%

TRRJX - Expenses

Operational Fees

TRRJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.00% 0.00% 123.84% 99.51%
Management Fee 0.00% 0.00% 0.77% 62.36%
12b-1 Fee 0.00% 0.00% 1.00% 10.22%
Administrative Fee 0.15% 0.00% 0.40% 90.35%

Sales Fees

TRRJX 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

TRRJX 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.

TRRJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.80% 0.00% 165.00% 56.65%

TRRJX - Distributions

Dividend Yield Analysis

TRRJX Category Low Category High TRRJX % Rank
Dividend Yield 1.53% 0.00% 3.01% 18.90%

Dividend Distribution Analysis

TRRJX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

TRRJX Category Low Category High TRRJX % Rank
Net Income Ratio 1.56% -0.59% 4.60% 54.38%

Capital Gain Distribution Analysis

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

TRRJX - Managers

Jerome A. Clark

Manager

Start Date

Tenure

Tenure Rank

Feb 27, 2004

15.52

15.5%

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