TRRKX: T. Rowe Price Retirement 2045

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TRRKX T. Rowe Price Retirement 2045

  • Fund
  • TRRKX
  • Price as of: Dec 10, 2019
  • $19.00
    - $0.02 - 0.11%

Profile

TRRKX - Profile

Vitals

  • YTD Return 21.4%
  • 3 Yr Annualized Return 4.8%
  • 5 Yr Annualized Return 3.0%
  • Net Assets $8.91 B
  • Holdings in Top 10 84.1%

52 WEEK LOW AND HIGH

$19.00
$14.97
$19.16

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 22.10%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 21.4%
  • 3 Yr Annualized Total Return 4.8%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.33%
DIVIDENDS
  • Dividend Yield 1.3%
  • 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
  • Manager
    Jerome A. Clark

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.


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Categories

Fund Company Quick Screens

TRRKX - Fund Company Quick Screens


Performance

TRRKX - Performance

Return Ranking - Trailing

Period TRRKX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.4% 6.1% 25.3% 6.88%
1 Yr 7.8% 0.9% 16.0% 63.59%
3 Yr 4.8%* -4.6% 12.2% 41.47%
5 Yr 3.0%* -3.3% 8.4% 39.52%
10 Yr 6.5%* -5.8% 10.5% 22.49%

* Annualized

Return Ranking - Calendar

Period TRRKX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.3% -17.8% -3.6% 95.98%
2017 18.2% -12.3% 20.9% 18.63%
2016 3.0% -4.2% 7.5% 72.93%
2015 -5.3% -13.0% -0.3% 61.44%
2014 2.5% -49.7% 34.8% 48.48%

Total Return Ranking - Trailing

Period TRRKX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.4% 6.1% 25.3% 6.88%
1 Yr 7.8% 1.9% 21.8% 75.31%
3 Yr 4.8%* -4.6% 12.2% 59.61%
5 Yr 3.0%* -3.3% 8.9% 74.25%
10 Yr 6.5%* -3.9% 10.5% 35.74%

* Annualized

Total Return Ranking - Calendar

Period TRRKX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.3% -17.6% -0.9% 97.19%
2017 18.2% -12.3% 24.1% 24.63%
2016 3.0% 0.2% 9.8% 91.05%
2015 -5.3% -9.4% 0.7% 86.52%
2014 2.5% -47.6% 39.2% 75.38%

NAV & Total Return History


Holdings

TRRKX - Holdings

Concentration Analysis

TRRKX Category Low Category High TRRKX % Rank
Net Assets 8.91 B 112 K 28.1 B 17.57%
Number of Holdings 21 2 52 37.79%
Net Assets in Top 10 7.22 B 88.3 K 27.5 B 17.73%
Weighting of Top 10 84.10% 59.3% 102.9% 41.06%

Top 10 Holdings

  1. T. Rowe Price Growth Stock 19.21%
  2. T. Rowe Price Value 19.01%
  3. T. Rowe Price Overseas Stock 7.89%
  4. T. Rowe Price International Stock 7.71%
  5. T. Rowe Price Equity Index 500 6.76%
  6. T. Rowe Price International Value Eq 6.76%
  7. T. Rowe Price Emerging Markets Stock 4.65%
  8. T. Rowe Price New Income 4.44%
  9. T. Rowe Price Mid-Cap Growth 4.07%
  10. T. Rowe Price Mid-Cap Value 3.60%

Asset Allocation

Weighting Return Low Return High TRRKX % Rank
Stocks
87.30% 15.75% 93.73% 9.02%
Bonds
9.74% -40.53% 79.64% 85.07%
Cash
2.75% -31.77% 112.41% 68.43%
Preferred Stocks
0.15% 0.00% 7.24% 30.48%
Convertible Bonds
0.04% 0.00% 1.22% 70.76%
Other
0.01% -0.37% 14.60% 65.79%

Stock Sector Breakdown

Weighting Return Low Return High TRRKX % Rank
Technology
18.28% 0.99% 19.21% 12.29%
Financial Services
15.03% 1.33% 17.42% 5.44%
Healthcare
11.79% 0.90% 13.01% 12.44%
Consumer Cyclical
10.61% 1.48% 12.56% 10.89%
Industrials
9.27% 0.87% 14.42% 17.73%
Consumer Defense
6.47% 0.73% 9.84% 19.13%
Utilities
3.67% 0.12% 7.71% 9.18%
Energy
3.66% 0.59% 6.98% 40.12%
Basic Materials
3.52% 0.45% 4.91% 28.77%
Real Estate
2.76% 0.40% 10.30% 35.77%
Communication Services
1.46% 0.21% 7.79% 70.61%

Stock Geographic Breakdown

Weighting Return Low Return High TRRKX % Rank
US
55.72% 6.94% 64.06% 16.95%
Non US
31.58% 5.34% 39.15% 7.78%

Bond Sector Breakdown

Weighting Return Low Return High TRRKX % Rank
Government
5.02% -0.35% 74.89% 87.40%
Cash & Equivalents
2.75% -47.12% 112.41% 67.03%
Corporate
2.57% 0.00% 35.85% 74.18%
Securitized
2.35% 0.00% 27.36% 80.09%
Municipal
0.00% 0.00% 6.91% 85.38%
Derivative
-0.03% -82.56% 29.60% 74.18%

Bond Geographic Breakdown

Weighting Return Low Return High TRRKX % Rank
US
6.47% -52.61% 74.89% 93.00%
Non US
3.27% -5.32% 25.54% 64.23%

Expenses

TRRKX - Expenses

Operational Fees

TRRKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.00% 0.00% 108.50% 96.72%
Management Fee 0.00% 0.00% 0.77% 20.68%
12b-1 Fee 0.00% 0.00% 1.00% 3.38%
Administrative Fee 0.15% 0.00% 0.40% 81.95%

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 22.10% 0.00% 172.00% 63.51%

Distributions

TRRKX - Distributions

Dividend Yield Analysis

TRRKX Category Low Category High TRRKX % Rank
Dividend Yield 1.32% 0.00% 2.61% 26.59%

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 1.33% -0.45% 4.93% 70.63%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TRRKX - Fund Manager Analysis

Managers

Jerome A. Clark


Start Date

Tenure

Tenure Rank

May 31, 2005

14.51

14.5%

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


Start Date

Tenure

Tenure Rank

Aug 01, 2015

4.33

4.3%

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.

Kim E. DeDominicis


Start Date

Tenure

Tenure Rank

Oct 01, 2019

0.16

0.2%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.15 17.18 6.39 7.92