T. Rowe Price Retirement 2045
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
14.9%
1 yr return
29.0%
3 Yr Avg Return
13.9%
5 Yr Avg Return
13.6%
Net Assets
$9.28 B
Holdings in Top 10
83.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.62%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 21.80%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Target-Date 2045
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
TRRKX - Profile
Distributions
- YTD Total Return 14.9%
- 3 Yr Annualized Total Return 13.9%
- 5 Yr Annualized Total Return 13.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.51%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameT. Rowe Price Retirement 2045 Fund
-
Fund Family NameT. Rowe Price
-
Inception DateMay 31, 2005
-
Shares OutstandingN/A
-
Share ClassNo Load
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerWyatt Lee
Fund Description
The fund invests in a diversified portfolio of other T. Rowe Price stock and bond mutual funds that represent various asset classes and sectors. Its allocation among T. Rowe Price mutual funds will change over time in relation to its target retirement date. The fund is managed based on the specific retirement year (target date 2045) included in its name and assumes a retirement age of 65.
TRRKX - Performance
Return Ranking - Trailing
| Period | TRRKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.9% | 3.1% | 16.6% | 4.80% |
| 1 Yr | 29.0% | 19.3% | 29.7% | 2.98% |
| 3 Yr | 13.9%* | 8.4% | 14.0% | 1.34% |
| 5 Yr | 13.6%* | 10.0% | 13.8% | 3.17% |
| 10 Yr | 13.3%* | 9.4% | 13.4% | 4.80% |
* Annualized
Return Ranking - Calendar
| Period | TRRKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 13.4% | 1.6% | 15.5% | 25.35% |
| 2019 | 18.3% | 5.3% | 23.0% | 46.97% |
| 2018 | -15.3% | -27.7% | -6.9% | 57.80% |
| 2017 | 18.2% | -18.3% | 20.0% | 19.14% |
| 2016 | 3.0% | -4.8% | 7.7% | 73.43% |
Total Return Ranking - Trailing
| Period | TRRKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.9% | 3.1% | 16.6% | 4.80% |
| 1 Yr | 29.0% | 13.4% | 29.7% | 3.23% |
| 3 Yr | 13.9%* | 6.3% | 14.0% | 1.46% |
| 5 Yr | 13.6%* | 8.8% | 13.8% | 3.43% |
| 10 Yr | 13.3%* | 9.4% | 13.4% | 4.88% |
* Annualized
Total Return Ranking - Calendar
| Period | TRRKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 13.4% | 1.6% | 15.5% | 25.35% |
| 2019 | 18.3% | 5.3% | 23.0% | 46.97% |
| 2018 | -15.3% | -23.9% | -5.5% | 79.19% |
| 2017 | 18.2% | -18.3% | 26.2% | 66.05% |
| 2016 | 3.0% | -2.6% | 12.3% | 95.80% |
NAV & Total Return History
TRRKX - Holdings
Concentration Analysis
| TRRKX | Category Low | Category High | TRRKX % Rank | |
|---|---|---|---|---|
| Net Assets | 9.28 B | 416 K | 42.2 B | 9.09% |
| Number of Holdings | 27 | 2 | 531 | 22.92% |
| Net Assets in Top 10 | 8.07 B | 197 K | 43.2 B | 9.17% |
| Weighting of Top 10 | 83.68% | 38.6% | 100.0% | 59.62% |
Top 10 Holdings
- T. Rowe Price Value Z 20.26%
- T. Rowe Price Growth Stock Z 18.88%
- T. Rowe Price Equity Index 500 Z 8.90%
- T. Rowe Price International Value Eq Z 7.44%
- T. Rowe Price Overseas Stock Z 7.21%
- T. Rowe Price International Stock Z 6.90%
- T. Rowe Price Mid-Cap Value Z 3.80%
- T. Rowe Price Mid-Cap Growth Z 3.76%
- T. Rowe Price Emerging Markets Stock Z 3.76%
- T. Rowe Price Small-Cap Stock Z 2.77%
Asset Allocation
| Weighting | Return Low | Return High | TRRKX % Rank | |
|---|---|---|---|---|
| Stocks | 89.70% | 69.29% | 99.91% | 25.83% |
| Bonds | 4.03% | -16.62% | 69.66% | 90.42% |
| Cash | 3.98% | -74.56% | 32.45% | 35.00% |
| Other | 2.24% | -4.76% | 21.06% | 15.00% |
| Convertible Bonds | 0.03% | 0.00% | 1.44% | 90.00% |
| Preferred Stocks | 0.02% | 0.00% | 0.38% | 50.42% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TRRKX % Rank | |
|---|---|---|---|---|
| Technology | 18.65% | 14.96% | 23.61% | 73.75% |
| Financial Services | 16.04% | 13.03% | 18.43% | 25.83% |
| Healthcare | 13.25% | 10.10% | 14.89% | 20.42% |
| Consumer Cyclical | 12.73% | 8.74% | 15.07% | 16.67% |
| Communication Services | 11.14% | 7.01% | 11.20% | 2.08% |
| Industrials | 10.65% | 9.73% | 14.78% | 61.67% |
| Basic Materials | 4.75% | 3.13% | 5.54% | 30.42% |
| Consumer Defense | 4.29% | 4.26% | 10.58% | 97.50% |
| Real Estate | 3.58% | 1.80% | 9.28% | 50.83% |
| Utilities | 2.46% | 0.40% | 6.65% | 58.75% |
| Energy | 2.46% | 1.72% | 4.02% | 84.58% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TRRKX % Rank | |
|---|---|---|---|---|
| US | 58.47% | 35.27% | 68.78% | 24.17% |
| Non US | 31.23% | 18.25% | 46.47% | 54.17% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | TRRKX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 50.61% | 0.75% | 68.98% | 7.50% |
| Government | 29.26% | 0.00% | 68.78% | 42.92% |
| Corporate | 11.45% | 0.65% | 65.31% | 84.58% |
| Securitized | 8.53% | 0.00% | 29.37% | 68.75% |
| Derivative | 0.08% | 0.00% | 35.13% | 48.75% |
| Municipal | 0.07% | 0.00% | 30.15% | 59.58% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | TRRKX % Rank | |
|---|---|---|---|---|
| US | 2.90% | -0.18% | 51.80% | 92.92% |
| Non US | 1.13% | -52.19% | 17.86% | 54.58% |
TRRKX - Expenses
Operational Fees
| TRRKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.62% | 0.06% | 1.87% | 51.45% |
| Management Fee | 0.62% | 0.00% | 0.90% | 92.41% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 9.13% |
| Administrative Fee | 0.15% | 0.01% | 0.30% | 49.02% |
Sales Fees
| TRRKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 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 | N/A | N/A | 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.
| TRRKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 21.80% | 0.40% | 115.00% | 37.55% |
TRRKX - Distributions
Dividend Yield Analysis
| TRRKX | Category Low | Category High | TRRKX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.66% | 0.00% | 0.00% | 34.30% |
Dividend Distribution Analysis
| TRRKX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| TRRKX | Category Low | Category High | TRRKX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.51% | -0.26% | 6.89% | 88.26% |
Capital Gain Distribution Analysis
| TRRKX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Dec 21, 2018 | $0.250 |
| Dec 22, 2017 | $0.230 |
| Dec 22, 2016 | $0.210 |
| Dec 21, 2015 | $0.210 |
| Dec 22, 2014 | $0.220 |
| Dec 23, 2013 | $0.160 |
| Dec 21, 2012 | $0.170 |
| Dec 21, 2009 | $0.130 |
TRRKX - Fund Manager Analysis
Managers
Wyatt Lee
Start Date
Tenure
Tenure Rank
Aug 01, 2015
6.17
6.2%
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.
Kimberly DeDominicis
Start Date
Tenure
Tenure Rank
Oct 01, 2019
2.0
2.0%
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 Jacobs van Merlen
Start Date
Tenure
Tenure Rank
Jan 01, 2020
1.75
1.8%
Andrew Jacobs van Merlen is a Vice President of T. Rowe Price Group. Mr. Jacobs van Merlen earned a BS in finance from the University of Maryland and an MBA in sustainable business from the University of Cambridge. He also has earned the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.15 | 16.92 | 5.06 | 1.75 |