Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

TRRZX T. Rowe Price Retirement 2060 R

  • Fund
  • TRRZX
  • Price as of: Jun 04, 2019
  • $11.65 + $0.17 + 1.48%
  • Category
  • Target Retirement Date

TRRZX - Profile

Vitals

  • YTD Return 11.2%
  • 3 Yr Annualized Return 5.8%
  • 5 Yr Annualized Return N/A
  • Net Assets $713 M
  • Holdings in Top 10 84.9%

52 WEEK LOW AND HIGH

$11.65
$10.02
$12.55

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

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

BROKERAGE FEES

  • Turnover 35.20%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Target Retirement Date
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2060+

Distributions

  • YTD Total Return 11.2%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.76%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Retirement 2060 Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Jun 23, 2014
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Jerome A. Clark

Fund Description

The fund pursues its objective by investing in a diversified portfolio of other T. Rowe Price stock and bond funds. Its allocation between T. Rowe Price stock and bond funds will change over time in relation to its target retirement date. The fund is managed based on the specific retirement year (target date 2060) included in its name and assumes a retirement age of 65.

TRRZX - Performance

Return Ranking - Trailing

Period TRRZX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.2% -4.1% 15.5% 35.88%
1 Yr -5.1% -17.8% 2.5% 48.62%
3 Yr 5.8%* -18.7% 8.8% 10.41%
5 Yr N/A* -12.4% 7.7% N/A
10 Yr N/A* -6.2% 8.4% N/A

* Annualized


Return Ranking - Calendar

Period TRRZX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.4% -25.1% 0.0% 43.20%
2017 18.9% -36.9% 20.0% 5.10%
2016 4.6% -5.2% 8.1% 26.70%
2015 -2.1% -25.3% -0.8% 1.42%
2014 N/A -49.7% 34.8% N/A

Total Return Ranking - Trailing

Period TRRZX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.2% -3.9% 15.5% 35.95%
1 Yr -5.1% -17.8% 5.9% 69.43%
3 Yr 5.8%* -18.7% 11.4% 52.76%
5 Yr N/A* -12.4% 7.7% N/A
10 Yr N/A* -4.3% 11.4% N/A

* Annualized


Total Return Ranking - Calendar

Period TRRZX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.4% -25.1% 0.0% 69.69%
2017 18.9% -36.9% 26.6% 32.79%
2016 4.6% -4.7% 12.3% 76.70%
2015 -2.1% -25.3% 3.9% 54.18%
2014 N/A -47.6% 39.2% N/A

NAV & Total Return History

TRRZX - Holdings

Concentration Analysis

TRRZX Category Low Category High TRRZX % Rank
Net Assets 713 M 1.29 M 42.8 B 38.97%
Number of Holdings 21 2 142 54.88%
Net Assets in Top 10 575 M 1.09 M 42.7 B 39.46%
Weighting of Top 10 84.85% 17.1% 111.1% 38.68%

Top 10 Holdings

  1. T. Rowe Price Growth Stock 19.75%

  2. T. Rowe Price Value 18.50%

  3. T. Rowe Price Overseas Stock 7.95%

  4. T. Rowe Price International Stock 7.45%

  5. T. Rowe Price International Value Eq 7.23%

  6. T. Rowe Price Equity Index 500 6.68%

  7. T. Rowe Price Emerging Markets Stock 5.06%

  8. T. Rowe Price New Income 4.43%

  9. T. Rowe Price Mid-Cap Growth 4.10%

  10. T. Rowe Price Mid-Cap Value 3.69%


Asset Allocation

Weighting Return Low Return High TRRZX % Rank
Stocks
88.11% 0.07% 97.49% 11.32%
Bonds
9.50% 0.03% 137.62% 79.84%
Cash
2.16% -100.79% 30.94% 76.59%
Preferred Stocks
0.11% 0.00% 7.23% 24.75%
Convertible Bonds
0.07% 0.00% 3.23% 58.91%
Other
0.05% -0.46% 74.59% 71.92%

Stock Sector Breakdown

Weighting Return Low Return High TRRZX % Rank
Technology
16.97% 0.96% 20.66% 10.97%
Financial Services
15.79% 1.45% 18.67% 4.32%
Healthcare
12.97% 0.67% 13.46% 3.61%
Consumer Cyclical
10.93% 0.89% 12.79% 5.73%
Industrials
8.97% 0.75% 11.91% 26.54%
Consumer Defense
6.56% 0.81% 17.35% 18.61%
Energy
3.79% 0.36% 6.45% 39.28%
Basic Materials
3.76% 0.20% 5.47% 26.11%
Utilities
3.74% 0.03% 4.88% 3.18%
Real Estate
2.38% 0.28% 17.33% 59.59%
Communication Services
2.24% 0.30% 4.78% 36.38%

Stock Geographic Breakdown

Weighting Return Low Return High TRRZX % Rank
US
57.01% 0.07% 66.19% 11.74%
Non US
31.10% 0.00% 46.35% 17.68%

Bond Sector Breakdown

Weighting Return Low Return High TRRZX % Rank
Government
5.02% 0.00% 137.62% 66.62%
Corporate
2.31% 0.00% 54.72% 88.12%
Securitized
2.30% 0.00% 61.00% 71.85%
Cash & Equivalents
2.14% -120.10% 30.94% 73.41%
Municipal
0.04% 0.00% 3.09% 65.13%
Derivative
-0.01% -2.76% 15.93% 76.66%

Bond Geographic Breakdown

Weighting Return Low Return High TRRZX % Rank
US
6.29% 0.03% 137.62% 86.78%
Non US
3.21% 0.00% 21.06% 49.15%

TRRZX - Expenses

Operational Fees

TRRZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.00% 6.01% 59.09%
Management Fee 0.00% 0.00% 0.95% 30.41%
12b-1 Fee 0.50% 0.00% 1.00% 77.43%
Administrative Fee 0.15% 0.00% 0.40% 61.85%

Sales Fees

TRRZX 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

TRRZX 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.

TRRZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.20% 0.00% 106.00% 69.66%

TRRZX - Distributions

Dividend Yield Analysis

TRRZX Category Low Category High TRRZX % Rank
Dividend Yield 0.01% 0.00% 0.05% 83.73%

Dividend Distribution Analysis

TRRZX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

TRRZX Category Low Category High TRRZX % Rank
Net Income Ratio 0.76% -0.99% 35.20% 91.79%

Capital Gain Distribution Analysis

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

TRRZX - Managers

Jerome A. Clark

Manager

Start Date

Tenure

Tenure Rank

Jun 23, 2014

4.94

4.9%

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

3.83

3.8%

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

0.08

Category High

16.68

Category Average

6.19

Category Mode

7.42