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TRRKX T. Rowe Price Retirement 2045

  • Fund
  • TRRKX
  • Price as of: Apr 24, 2019
  • $17.95 - $0.06 - 0.33%
  • Category
  • Target Retirement Date

TRRKX - Profile

Vitals

  • YTD Return 14.7%
  • 3 Yr Annualized Return 5.2%
  • 5 Yr Annualized Return 2.7%
  • Net Assets $8.76 B
  • Holdings in Top 10 84.7%

52 WEEK LOW AND HIGH

$17.95
$14.97
$19.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 26.90%

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 2045

Distributions

  • YTD Total Return 14.7%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.27%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Retirement 2045 Fund
  • Fund Family Name T. Rowe Price
  • Inception Date May 31, 2005
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States

Fund Description

The T. Rowe Price Retirement 2045 Fund (TRRKX) is a target-date allocation fund designed for investors looking to retire between 2041 and 2045. TRRKX invests in 18 other mutual funds. As a target-date fund, TRRKX will slowly become more conservative as it approaches its end year. In addition, the fund 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, TRRKX makes a prime core choice for investors. The fund is internally managed by T. Rowe Price.

TRRKX - Performance

Return Ranking - Trailing

Period TRRKX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.7% -4.1% 16.2% 13.28%
1 Yr -3.1% -14.9% 5.1% 57.39%
3 Yr 5.2%* -18.3% 9.0% 19.22%
5 Yr 2.7%* -11.8% 8.4% 21.72%
10 Yr 8.9%* -6.2% 9.5% 2.66%

* Annualized


Return Ranking - Calendar

Period TRRKX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.3% -25.1% 0.0% 68.76%
2017 18.2% -36.9% 20.0% 7.56%
2016 3.0% -5.2% 8.1% 62.76%
2015 -5.3% -25.3% -0.8% 45.58%
2014 2.5% -49.7% 34.8% 34.31%

Total Return Ranking - Trailing

Period TRRKX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.7% -3.9% 16.2% 13.28%
1 Yr -3.1% -14.9% 7.2% 79.86%
3 Yr 5.2%* -18.3% 11.7% 63.53%
5 Yr 2.7%* -11.8% 8.8% 72.01%
10 Yr 8.9%* -4.3% 12.5% 42.94%

* Annualized


Total Return Ranking - Calendar

Period TRRKX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.3% -25.1% 0.0% 84.38%
2017 18.2% -36.9% 26.6% 38.02%
2016 3.0% -4.7% 12.3% 90.32%
2015 -5.3% -25.3% 3.9% 81.98%
2014 2.5% -47.6% 39.2% 75.15%

NAV & Total Return History

TRRKX - Holdings

Concentration Analysis

TRRKX Category Low Category High TRRKX % Rank
Net Assets 8.76 B 852 K 41.8 B 7.76%
Number of Holdings 21 2 137 51.45%
Net Assets in Top 10 7.42 B 857 K 41.8 B 6.92%
Weighting of Top 10 84.70% 17.1% 112.3% 38.67%

Top 10 Holdings

  1. T. Rowe Price Growth Stock 19.63%

  2. T. Rowe Price Value 18.58%

  3. T. Rowe Price Overseas Stock 7.86%

  4. T. Rowe Price International Stock 7.47%

  5. T. Rowe Price International Value Eq 7.14%

  6. T. Rowe Price Equity Index 500 6.75%

  7. T. Rowe Price Emerging Markets Stock 5.06%

  8. T. Rowe Price New Income 4.40%

  9. T. Rowe Price Mid-Cap Growth 4.08%

  10. T. Rowe Price Mid-Cap Value 3.73%


Asset Allocation

Weighting Return Low Return High TRRKX % Rank
Stocks
87.97% 0.07% 98.28% 12.07%
Bonds
9.46% -5.73% 135.02% 80.66%
Cash
2.33% -120.52% 40.20% 75.16%
Preferred Stocks
0.11% 0.00% 7.36% 22.87%
Convertible Bonds
0.07% 0.00% 5.29% 59.84%
Other
0.05% -3.50% 24.29% 66.27%

Stock Sector Breakdown

Weighting Return Low Return High TRRKX % Rank
Technology
16.94% 0.35% 20.62% 6.00%
Financial Services
15.76% 0.96% 19.07% 4.17%
Healthcare
12.96% 0.45% 13.55% 4.24%
Consumer Cyclical
10.89% 0.45% 12.96% 6.00%
Industrials
8.95% 0.35% 12.68% 27.68%
Consumer Defense
6.57% 0.49% 16.41% 16.53%
Energy
3.79% 0.38% 6.45% 41.17%
Utilities
3.75% 0.04% 4.97% 3.25%
Basic Materials
3.75% 0.18% 5.42% 27.75%
Real Estate
2.37% 0.04% 19.26% 55.58%
Communication Services
2.24% 0.27% 4.45% 35.31%

Stock Geographic Breakdown

Weighting Return Low Return High TRRKX % Rank
US
57.02% 0.07% 64.36% 12.70%
Non US
30.95% 0.00% 47.99% 18.42%

Bond Sector Breakdown

Weighting Return Low Return High TRRKX % Rank
Government
5.00% -23.50% 135.02% 67.68%
Cash & Equivalents
2.32% -138.94% 40.20% 73.61%
Corporate
2.32% 0.00% 51.49% 88.64%
Securitized
2.29% 0.00% 61.92% 72.76%
Municipal
0.04% 0.00% 3.16% 64.36%
Derivative
-0.01% -2.66% 11.71% 77.84%

Bond Geographic Breakdown

Weighting Return Low Return High TRRKX % Rank
US
6.29% -9.85% 135.02% 87.01%
Non US
3.17% 0.00% 20.01% 52.22%

TRRKX - Expenses

Operational Fees

TRRKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.00% 0.00% 6.01% 98.38%
Management Fee 0.00% 0.00% 0.95% 9.95%
12b-1 Fee 0.00% 0.00% 1.00% 2.48%
Administrative Fee 0.15% 0.00% 0.40% 53.81%

Sales Fees

TRRKX 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

TRRKX 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.

TRRKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.90% 0.00% 106.00% 56.95%

TRRKX - Distributions

Dividend Yield Analysis

TRRKX Category Low Category High TRRKX % Rank
Dividend Yield 0.01% 0.00% 0.05% 67.04%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TRRKX Category Low Category High TRRKX % Rank
Net Income Ratio 1.27% -0.99% 35.20% 74.79%

Capital Gain Distribution Analysis

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

TRRKX - Managers

Tenure Analysis

Category Low

0.0

Category High

16.51

Category Average

6.05

Category Mode

7.25