T. Rowe Price Retirement 2005 Fund

Frequently Asked Questions About TRRFX

What does TRRFX invest in?

To achieve its financial goals, this fund invests in a broad and varied selection of other T. Rowe Price stock and bond mutual funds, ensuring exposure to diverse asset classes and market segments. Its investment strategy is explicitly designed around the 2005 target retirement year found in its name, operating on the premise that investors will retire at age 65.

What is the expense ratio of TRRFX?

T. Rowe Price Retirement 2005 Fund (TRRFX) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.

What is TRRFX's dividend yield?

TRRFX's trailing-twelve-month yield is 5.33%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TRRFX?

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

What is the credit quality of TRRFX?

TRRFX'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 TRRFX?

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