# T. Rowe Price Retirement 2025 Fund Class R (RRTNX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rrtnx 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: Bond - Strategy: Actively Managed · Inception: 2007-05-31 This fund's primary objective is to achieve the greatest possible overall return over the long term, balancing both the appreciation of its principal and the generation of income. It strategically invests in a broad array of T. Rowe Price mutual funds, encompassing various stock and bond categories, thus ensuring diversification across numerous asset classes and market segments. The fund's asset allocation among these underlying investments is dynamically managed, shifting its holdings as its specific target retirement date approaches. Named for its target year of 2025, the fund's investmen... ## Key Facts | Metric | Value | |---|---| | Price | $18.13 | | Expense Ratio | 1.03% | | Assets Under Management | $16.00B | | NAV | $18.13 | | Holdings Count | — | | Distribution Yield (TTM) | 5.38% | | Annual Distribution (TTM) | $0.98 /share | | Distribution Frequency | Annual | | 52-Week Range | $16.74 – $18.55 | | Beta | 0.84 | ## Latest Distribution - Amount: $0.9750 /share - Ex-date: 2025-12-19 - Pay date: 2025-12-22 ## Frequently Asked Questions ### What does RRTNX invest in? This fund's primary objective is to achieve the greatest possible overall return over the long term, balancing both the appreciation of its principal and the generation of income. It strategically invests in a broad array of T. Rowe Price mutual funds, encompassing various stock and bond categories, thus ensuring diversification across numerous asset classes and market segments. The fund's asset allocation among these underlying investments is dynamically managed, shifting its holdings as its specific target retirement date approaches. Named for its target year of 2025, the fund's investment approach is tailored for individuals anticipating retirement at age 65 around that time. ### What is the expense ratio of RRTNX? T. Rowe Price Retirement 2025 Fund Class R (RRTNX) charges an expense ratio of 1.03%. This is the annual fee deducted from fund assets to cover management and operations. ### What is RRTNX's dividend yield? RRTNX's trailing-twelve-month yield is 5.38%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of RRTNX? Effective duration measures RRTNX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RRTNX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of RRTNX? RRTNX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of RRTNX? Yield to maturity (YTM) is the total return you'd earn from RRTNX if every bond in the portfolio is held to maturity at the current price. RRTNX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does RRTNX pay a dividend? Yes, T. Rowe Price Retirement 2025 Fund Class R (RRTNX) distributes dividends to shareholders. The trailing-twelve-month yield is 5.38%. Full dividend history is on this page. ### How often does RRTNX pay dividends? T. Rowe Price Retirement 2025 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. ### When is RRTNX's next ex-dividend date? The most recently announced ex-dividend date for RRTNX 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 RRTNX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.03% 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 RRTNX charge its expense ratio? The expense ratio is deducted in tiny daily slices from RRTNX'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 RRTNX cost more than a fund like VOO? RRTNX is actively managed (current expense ratio 1.03%). 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 RRTNX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to RRTNX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as RRTNX (1.03%) 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/rrtnx - Distribution history: https://www.dividenddata.com/funds/rrtnx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rrtnx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rrtnx/expenses - Peer comparison: https://www.dividenddata.com/funds/rrtnx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.