T. Rowe Price Retirement 2020 Fund

Frequently Asked Questions About TRRBX

What does TRRBX invest in?

This fund primarily allocates its investments across a diverse selection of T. Rowe Price's own stock and bond mutual funds, covering a wide array of asset classes and market sectors. The underlying blend of these mutual funds is not static; it is strategically rebalanced over time as the fund approaches its specific retirement horizon. Its investment approach is precisely calibrated to the 2020 target retirement year, as indicated in its name, and operates on the premise of an investor retiring at age 65.

What is the expense ratio of TRRBX?

T. Rowe Price Retirement 2020 Fund (TRRBX) charges an expense ratio of 0.51%. This is the annual fee deducted from fund assets to cover management and operations.

What is TRRBX's dividend yield?

TRRBX's trailing-twelve-month yield is 5.75%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TRRBX?

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

What is the credit quality of TRRBX?

TRRBX'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 TRRBX?

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