TRRDX: T. Rowe Price Retirement 2040

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TRRDX T. Rowe Price Retirement 2040


Profile

TRRDX - Profile

Vitals

  • YTD Return 2.1%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return 3.7%
  • Net Assets $15 B
  • Holdings in Top 10 83.1%

52 WEEK LOW AND HIGH

$27.63
$19.17
$29.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.09%

SALES FEES

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

BROKERAGE FEES

  • Turnover 15.70%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.51%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    T. Rowe Price Retirement 2040 Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Sep 30, 2002
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jerome Clark

Fund Description

The fund invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. 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 2040) included in its name and assumes a retirement age of 65.


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Performance

TRRDX - Performance

Return Ranking - Trailing

Period TRRDX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -42.4% 39.2% 20.83%
1 Yr 2.9% -47.6% 49.9% 45.10%
3 Yr 0.7%* -37.6% 17.4% 46.44%
5 Yr 3.7%* -18.9% 16.6% 42.56%
10 Yr 5.6%* -9.5% 13.2% 22.63%

* Annualized

Return Ranking - Calendar

Period TRRDX Return Category Return Low Category Return High Rank in Category (%)
2019 17.5% -46.3% 66.4% 59.70%
2018 -15.5% -64.5% 1.8% 56.17%
2017 17.4% -38.9% 80.9% 38.99%
2016 2.8% -26.1% 36.8% 68.32%
2015 -5.6% -42.3% 13.2% 48.38%

Total Return Ranking - Trailing

Period TRRDX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -42.4% 39.2% 20.83%
1 Yr 2.9% -47.6% 49.9% 45.10%
3 Yr 0.7%* -37.0% 20.0% 65.30%
5 Yr 3.7%* -17.0% 17.3% 72.53%
10 Yr 5.6%* -5.8% 15.4% 66.92%

* Annualized

Total Return Ranking - Calendar

Period TRRDX Return Category Return Low Category Return High Rank in Category (%)
2019 17.5% -46.3% 66.4% 59.70%
2018 -15.5% -64.5% 4.0% 74.73%
2017 17.4% -9.3% 80.9% 73.74%
2016 2.8% -23.9% 39.4% 88.40%
2015 -5.6% -34.5% 13.2% 78.28%

NAV & Total Return History


Holdings

TRRDX - Holdings

Concentration Analysis

TRRDX Category Low Category High TRRDX % Rank
Net Assets 15 B 12 K 55 B 4.12%
Number of Holdings 23 2 8660 46.92%
Net Assets in Top 10 11.5 B 77.7 K 33 B 1.62%
Weighting of Top 10 83.12% 10.7% 109.6% 40.88%

Top 10 Holdings

  1. T. Rowe Price Growth Stock Z 20.15%
  2. T. Rowe Price Value Z 16.50%
  3. T. Rowe Price Equity Index 500 Z 9.09%
  4. T. Rowe Price Overseas Stock Z 7.01%
  5. T. Rowe Price International Value Eq Z 6.94%
  6. T. Rowe Price International Stock Z 6.89%
  7. T. Rowe Price New Income Z 4.63%
  8. T. Rowe Price Emerging Markets Stock Z 4.61%
  9. T. Rowe Price Mid-Cap Growth Z 3.96%
  10. T. Rowe Price Mid-Cap Value Z 3.33%

Asset Allocation

Weighting Return Low Return High TRRDX % Rank
Stocks
86.91% 62.95% 259.02% 70.02%
Bonds
9.77% -235.37% 28.44% 21.62%
Cash
3.03% -93.75% 187.11% 50.72%
Preferred Stocks
0.19% 0.00% 13.36% 20.31%
Convertible Bonds
0.09% 0.00% 6.64% 25.67%
Other
0.01% -2.38% 75.09% 61.18%

Stock Sector Breakdown

Weighting Return Low Return High TRRDX % Rank
Technology
19.61% 0.00% 51.17% 23.50%
Healthcare
15.39% 0.00% 53.30% 19.64%
Financial Services
15.09% 0.00% 47.35% 33.23%
Consumer Cyclical
9.94% 0.00% 32.90% 69.83%
Industrials
9.79% 0.00% 47.47% 64.90%
Communication Services
9.24% 0.00% 37.99% 38.65%
Consumer Defense
6.28% 0.00% 30.49% 71.32%
Utilities
4.31% 0.00% 80.71% 16.90%
Basic Materials
4.04% 0.00% 34.56% 52.56%
Real Estate
3.26% 0.00% 43.77% 64.03%
Energy
3.04% 0.00% 85.32% 45.82%

Stock Geographic Breakdown

Weighting Return Low Return High TRRDX % Rank
US
56.17% -0.92% 78.23% 42.06%
Non US
30.74% 5.26% 193.33% 63.61%

Bond Sector Breakdown

Weighting Return Low Return High TRRDX % Rank
Government
32.49% -2.84% 85.11% 18.79%
Corporate
27.48% 0.00% 99.82% 30.15%
Cash & Equivalents
23.04% -0.83% 187.10% 74.66%
Securitized
16.89% 0.00% 40.76% 28.46%
Derivative
0.06% -170.75% 74.30% 33.65%
Municipal
0.03% 0.00% 5.04% 48.88%

Bond Geographic Breakdown

Weighting Return Low Return High TRRDX % Rank
US
6.23% -189.52% 31.35% 35.51%
Non US
3.54% -10.76% 33.33% 5.48%

Expenses

TRRDX - Expenses

Operational Fees

TRRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.09% 0.01% 45.88% 95.86%
Management Fee 0.70% 0.00% 1.60% 75.57%
12b-1 Fee N/A 0.00% 1.00% 8.51%
Administrative Fee 0.15% 0.01% 0.70% 55.91%

Sales Fees

TRRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

TRRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.20% 2.00% 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.

TRRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.70% 0.00% 614.00% 24.25%

Distributions

TRRDX - Distributions

Dividend Yield Analysis

TRRDX Category Low Category High TRRDX % Rank
Dividend Yield 0.00% 0.00% 11.17% 15.78%

Dividend Distribution Analysis

TRRDX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

TRRDX Category Low Category High TRRDX % Rank
Net Income Ratio 1.51% -7.55% 13.14% 52.07%

Capital Gain Distribution Analysis

TRRDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History

View More +

Fund Manager Analysis

TRRDX - Fund Manager Analysis

Managers

Jerome Clark


Start Date

Tenure

Tenure Rank

Sep 30, 2002

17.93

17.9%

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 Lee


Start Date

Tenure

Tenure Rank

Aug 01, 2015

5.09

5.1%

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.

Kim DeDominicis


Start Date

Tenure

Tenure Rank

Oct 01, 2019

0.92

0.9%

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 van Merlen


Start Date

Tenure

Tenure Rank

Jan 01, 2020

0.67

0.7%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 38.02 5.22 0.67