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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.
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| Period | TRRKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 18.1% | 4.7% | 19.8% | 3.08% |
| 1 Yr | -3.7% | -7.3% | 5.2% | 97.89% |
| 3 Yr | 5.1%* | -5.7% | 8.4% | 30.27% |
| 5 Yr | 2.1%* | -3.6% | 5.2% | 29.29% |
| 10 Yr | 6.5%* | -6.0% | 6.8% | 11.94% |
* Annualized
| Period | TRRKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -15.3% | -17.8% | -3.6% | 96.69% |
| 2017 | 18.2% | -12.3% | 20.9% | 16.81% |
| 2016 | 3.0% | -4.2% | 7.5% | 69.68% |
| 2015 | -5.3% | -13.0% | -0.3% | 62.46% |
| 2014 | 2.5% | -49.7% | 34.8% | 49.21% |
| Period | TRRKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 18.1% | 4.7% | 19.8% | 3.08% |
| 1 Yr | -3.7% | -7.3% | 7.4% | 98.54% |
| 3 Yr | 5.1%* | -5.7% | 11.2% | 50.67% |
| 5 Yr | 2.1%* | -3.6% | 9.0% | 75.08% |
| 10 Yr | 6.5%* | -4.1% | 10.1% | 28.36% |
* Annualized
| Period | TRRKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -15.3% | -17.3% | -0.9% | 97.93% |
| 2017 | 18.2% | -12.3% | 24.1% | 24.78% |
| 2016 | 3.0% | 0.2% | 9.8% | 88.69% |
| 2015 | -5.3% | -9.4% | 0.7% | 86.05% |
| 2014 | 2.5% | -47.6% | 39.2% | 76.38% |
| TRRKX | Category Low | Category High | TRRKX % Rank | |
|---|---|---|---|---|
| Net Assets | 8.49 B | 111 K | 23.7 B | 16.94% |
| Number of Holdings | 21 | 2 | 123 | 34.84% |
| Net Assets in Top 10 | 7.35 B | 80.1 K | 16.9 B | 15.00% |
| Weighting of Top 10 | 84.43% | 59.3% | 104.7% | 41.94% |
| Weighting | Return Low | Return High | TRRKX % Rank | |
|---|---|---|---|---|
| Stocks | 87.25% | 15.75% | 93.24% | 11.61% |
| Bonds | 9.69% | -40.53% | 79.21% | 81.29% |
| Cash | 2.77% | -21.93% | 112.41% | 70.16% |
| Preferred Stocks | 0.15% | 0.00% | 1.66% | 26.29% |
| Other | 0.11% | -0.13% | 14.87% | 22.26% |
| Convertible Bonds | 0.04% | 0.00% | 1.06% | 64.68% |
| Weighting | Return Low | Return High | TRRKX % Rank | |
|---|---|---|---|---|
| Technology | 17.62% | 2.10% | 19.30% | 16.94% |
| Financial Services | 13.47% | 3.03% | 17.67% | 11.61% |
| Healthcare | 11.96% | 1.66% | 12.99% | 14.84% |
| Consumer Cyclical | 10.04% | 1.71% | 13.08% | 24.84% |
| Industrials | 9.06% | 1.43% | 13.96% | 18.87% |
| Consumer Defense | 6.20% | 1.02% | 10.05% | 33.55% |
| Energy | 4.07% | 0.69% | 7.70% | 39.19% |
| Utilities | 3.42% | 0.16% | 7.34% | 9.84% |
| Basic Materials | 3.01% | 0.45% | 5.30% | 39.03% |
| Real Estate | 2.55% | 0.38% | 9.66% | 33.06% |
| Communication Services | 1.75% | 0.29% | 3.70% | 55.97% |
| Weighting | Return Low | Return High | TRRKX % Rank | |
|---|---|---|---|---|
| US | 56.92% | 7.00% | 62.90% | 11.94% |
| Non US | 30.33% | 4.82% | 38.88% | 6.45% |
| Weighting | Return Low | Return High | TRRKX % Rank | |
|---|---|---|---|---|
| Government | 5.18% | -0.51% | 75.23% | 84.84% |
| Cash & Equivalents | 2.65% | -42.81% | 112.41% | 65.81% |
| Corporate | 2.40% | 0.00% | 31.66% | 71.94% |
| Securitized | 2.18% | 0.00% | 32.84% | 76.61% |
| Municipal | 0.02% | 0.00% | 6.74% | 70.00% |
| Derivative | -0.02% | -82.56% | 7.94% | 75.32% |
| Weighting | Return Low | Return High | TRRKX % Rank | |
|---|---|---|---|---|
| US | 6.42% | -52.61% | 75.23% | 90.81% |
| Non US | 3.27% | 0.00% | 19.32% | 59.52% |
| TRRKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.00% | 0.00% | 123.84% | 97.24% |
| Management Fee | 0.00% | 0.00% | 0.77% | 17.10% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 3.48% |
| Administrative Fee | 0.15% | 0.00% | 0.40% | 81.85% |
| TRRKX 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 |
| TRRKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
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 | 22.10% | 0.00% | 165.00% | 65.57% |
| TRRKX | Category Low | Category High | TRRKX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.35% | 0.00% | 3.02% | 23.39% |
| TRRKX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
| 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 | Category Low | Category High | TRRKX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.33% | -0.59% | 4.60% | 65.15% |
| TRRKX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Manager
Start Date
Tenure
Tenure Rank
May 31, 2005
14.26
14.3%
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.
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
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
