# T. Rowe Price Retirement 2010 Fund (TRRAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/trrax 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: 2002-10-01 The T. Rowe Price Retirement 2010 Fund strategically invests its assets across a diverse array of other T. Rowe Price mutual funds, encompassing both equity and fixed-income options that span various asset classes and market sectors. The composition of its underlying T. Rowe Price fund holdings is periodically rebalanced, progressively altering its asset allocation as it draws closer to its specified retirement horizon. This fund's investment approach is tailored to the target retirement year of 2010, as reflected in its title, and operates on the presumption of an investor retiring at age 65. ## Key Facts | Metric | Value | |---|---| | Price | $16.80 | | Expense Ratio | 0.49% | | Assets Under Management | $3.20B | | NAV | $16.80 | | Holdings Count | — | | Distribution Yield (TTM) | 5.59% | | Annual Distribution (TTM) | $0.94 /share | | Distribution Frequency | Annual | | 52-Week Range | $15.72 – $17.17 | | Beta | 0.73 | ## Latest Distribution - Amount: $0.9385 /share - Ex-date: 2025-12-19 - Pay date: 2025-12-22 ## Frequently Asked Questions ### What does TRRAX invest in? The T. Rowe Price Retirement 2010 Fund strategically invests its assets across a diverse array of other T. Rowe Price mutual funds, encompassing both equity and fixed-income options that span various asset classes and market sectors. The composition of its underlying T. Rowe Price fund holdings is periodically rebalanced, progressively altering its asset allocation as it draws closer to its specified retirement horizon. This fund's investment approach is tailored to the target retirement year of 2010, as reflected in its title, and operates on the presumption of an investor retiring at age 65. ### What is the expense ratio of TRRAX? T. Rowe Price Retirement 2010 Fund (TRRAX) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TRRAX? T. Rowe Price Retirement 2010 Fund (TRRAX) manages $3.20B 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 TRRAX actively managed or an index fund? TRRAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TRRAX's is 0.49%) in exchange for the discretion to over- or under-weight positions. ### When was TRRAX launched? T. Rowe Price Retirement 2010 Fund (TRRAX) launched in October 2002 and is managed by T. Rowe Price. ### How has TRRAX performed? TRRAX'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 TRRAX pay a dividend? T. Rowe Price Retirement 2010 Fund (TRRAX) currently distributes little or no income. Trailing-twelve-month yield is 5.59%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TRRAX pay dividends? T. Rowe Price Retirement 2010 Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TRRAX's dividend yield? TRRAX's trailing-twelve-month yield is 5.59%, calculated from the sum of dividends over the past year divided by the current price. ### When is TRRAX's next ex-dividend date? The most recently announced ex-dividend date for TRRAX 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 TRRAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.49% 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 TRRAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TRRAX'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 TRRAX cost more than a fund like VOO? TRRAX is actively managed (current expense ratio 0.49%). 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 TRRAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TRRAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TRRAX (0.49%) 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/trrax - Distribution history: https://www.dividenddata.com/funds/trrax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/trrax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/trrax/expenses - Peer comparison: https://www.dividenddata.com/funds/trrax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.