T. Rowe Price Retirement 2045 Fund

Frequently Asked Questions About RRTRX

What does RRTRX invest in?

This fund strategically allocates its investments across a broad spectrum of T. Rowe Price's proprietary stock and bond mutual funds. This approach creates a diversified portfolio that spans various asset classes and market sectors. The composition of these underlying investments is designed to progressively adjust over time, aligning with the fund's specific target retirement date. Specifically, this fund is strategically managed for individuals intending to retire around the year 2045, as indicated by its name, based on the assumption of a 65-year-old retirement age.

What is the expense ratio of RRTRX?

T. Rowe Price Retirement 2045 Fund (RRTRX) charges an expense ratio of 1.10%. This is the annual fee deducted from fund assets to cover management and operations.

What is RRTRX's dividend yield?

RRTRX's trailing-twelve-month yield is 3.15%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of RRTRX?

Effective duration measures RRTRX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RRTRX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of RRTRX?

RRTRX'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 RRTRX?

Yield to maturity (YTM) is the total return you'd earn from RRTRX if every bond in the portfolio is held to maturity at the current price. RRTRX'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.