# T. Rowe Price Retirement 2020 Fund Class R (RRTBX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rrtbx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: T. Rowe Price · Asset class: Equity - Strategy: Actively Managed · Inception: 2003-10-30 This fund's primary objective is to generate the strongest possible overall return over an extended period, balancing both the growth of your initial investment and the income it produces. To achieve this, it constructs a diverse portfolio by investing in various other T. Rowe Price funds that hold stocks and bonds across different market segments and asset types. The mix of these underlying T. Rowe Price investments is dynamic; it gradually shifts over time as the fund moves closer to its designated retirement year. Specifically, this fund is tailored for individuals aiming to retire in or... ## Key Facts | Metric | Value | |---|---| | Price | $20.19 | | Expense Ratio | 1.01% | | Assets Under Management | $12.51B | | NAV | $20.19 | | Holdings Count | — | | Distribution Yield (TTM) | 5.47% | | Annual Distribution (TTM) | $1.11 /share | | Distribution Frequency | Annual | | 52-Week Range | $18.74 – $20.64 | | Beta | 0.79 | ## Latest Distribution - Amount: $1.1054 /share - Ex-date: 2025-12-19 - Pay date: 2025-12-22 ## Frequently Asked Questions ### What does RRTBX invest in? This fund's primary objective is to generate the strongest possible overall return over an extended period, balancing both the growth of your initial investment and the income it produces. To achieve this, it constructs a diverse portfolio by investing in various other T. Rowe Price funds that hold stocks and bonds across different market segments and asset types. The mix of these underlying T. Rowe Price investments is dynamic; it gradually shifts over time as the fund moves closer to its designated retirement year. Specifically, this fund is tailored for individuals aiming to retire in or around 2020, based on an assumed retirement age of 65. ### What is the expense ratio of RRTBX? T. Rowe Price Retirement 2020 Fund Class R (RRTBX) charges an expense ratio of 1.01%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is RRTBX? T. Rowe Price Retirement 2020 Fund Class R (RRTBX) manages $12.51B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is RRTBX actively managed or an index fund? RRTBX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RRTBX's is 1.01%) in exchange for the discretion to over- or under-weight positions. ### When was RRTBX launched? T. Rowe Price Retirement 2020 Fund Class R (RRTBX) launched in October 2003 and is managed by T. Rowe Price. ### How has RRTBX performed? RRTBX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does RRTBX pay a dividend? T. Rowe Price Retirement 2020 Fund Class R (RRTBX) currently distributes little or no income. Trailing-twelve-month yield is 5.47%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RRTBX pay dividends? T. Rowe Price Retirement 2020 Fund Class R pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RRTBX's dividend yield? RRTBX's trailing-twelve-month yield is 5.47%, calculated from the sum of dividends over the past year divided by the current price. ### When is RRTBX's next ex-dividend date? The most recently announced ex-dividend date for RRTBX was 2025-12-19. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will RRTBX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.01% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does RRTBX charge its expense ratio? The expense ratio is deducted in tiny daily slices from RRTBX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does RRTBX cost more than a fund like VOO? RRTBX is actively managed (current expense ratio 1.01%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether RRTBX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to RRTBX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as RRTBX (1.01%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/rrtbx - Distribution history: https://www.dividenddata.com/funds/rrtbx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rrtbx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rrtbx/expenses - Peer comparison: https://www.dividenddata.com/funds/rrtbx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.